jidyryq.wordpress.com
The deal is valued at $2.35 according to a news release. Fifty Third will realize a pre-tax gain of abou t $1.7 billion, according to a news The transaction will contributeaboutr $1.2 billion to the bank’s Tier 1 equity. Fifthg Third’s credit card issuing business was not part of the and will be retained bythe bank. “This completes the capital plan we laid out in June of and enables us to focus more fully on leveraginbg the opportunities of the processing businessz with Advent and ourother businesses,” said Kevin chairman, president and CEO of Fifth in the release. Fifth Third that it woulrd sell the interestto Advent, a private equity firm with U.S.
headquarters in Boston. The processing unit’sd employees and technology platform will remainas is, the two companiews said. Fifth Third FITB), headquartered in Cincinnati, is the Tri-State’s largesgt bank, and has 16 affiliates with about 1,300 bankint centers and more than 2,300 ATMs in Kentucky, Indiana, Georgia, North Carolina, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, and
Tuesday, May 31, 2011
Sunday, May 29, 2011
Niagara fruit crops holding up - Pittsburgh Business Times:
mastering-input.blogspot.com
But many more orchards and other including residential areas in the Lake OntaripFruit Belt, remain to be testec for plum pox virus before September. Teamds working for the and the stated Department of Agriculture and Markets began taking leaf samplesin May. Subsequentr laboratory tests did not disclose any new outbreakds of the virus inNiagara County, Jackie Klahn, director of the USDA’sx Lockport field office, said. In early May, as orchards blossomed, optimism was growing that the spread ofthe disease, whichj made its Niagara County debut 2006 mightt be waning.
Between 2006 and plum pox was discovered in several NiagaraCounty orchards, in Orleans Countgy and Wayne County, east of Rochester. Thougjh harmless to humans and animals, the virus poses an economic risk for commercialo fruit growers because they must destroy all susceptiblre treeswithin 1.5 miles to 2 miles of an identifie d hot spot. Plum pox destroys the commercialk value of the fruit that it attacksx because it discolors anddisfigures peaches, prunes and nectarines. In New York statd counties lying alongLake Ontario’s south fruit growing is a multi-million-dollar industry.
But many more orchards and other including residential areas in the Lake OntaripFruit Belt, remain to be testec for plum pox virus before September. Teamds working for the and the stated Department of Agriculture and Markets began taking leaf samplesin May. Subsequentr laboratory tests did not disclose any new outbreakds of the virus inNiagara County, Jackie Klahn, director of the USDA’sx Lockport field office, said. In early May, as orchards blossomed, optimism was growing that the spread ofthe disease, whichj made its Niagara County debut 2006 mightt be waning.
Between 2006 and plum pox was discovered in several NiagaraCounty orchards, in Orleans Countgy and Wayne County, east of Rochester. Thougjh harmless to humans and animals, the virus poses an economic risk for commercialo fruit growers because they must destroy all susceptiblre treeswithin 1.5 miles to 2 miles of an identifie d hot spot. Plum pox destroys the commercialk value of the fruit that it attacksx because it discolors anddisfigures peaches, prunes and nectarines. In New York statd counties lying alongLake Ontario’s south fruit growing is a multi-million-dollar industry.
Friday, May 27, 2011
G8 Draft: Cites Over $20B Multilateral Aid For Arab Spring Countries - Wall Street Journal
badillodacyroic1505.blogspot.com
BBC News | G8 Draft: Cites Over $20B Multilateral Aid For Arab Spring Countries W » |
Tuesday, May 24, 2011
Golden Gate University eyes new highrise - Kansas City Business Journal:
cedar siding prices
Bob Hite, vice president of businesds affairs and CFO for GoldenGate University, said the university startecd discussing a plan to sell its 33,000-square-footg property at Mission and First streets to a highriswe developer about a year ago. The site now holds Goldej Gate’s main building, and he said the universithy would only be interested if it could eithedr be part of anew mixed-use development on the site or move to anothed location in downtown San Golden Gate has hired land use attorney Pam Duffy of LLP and has put togethefr a task force to look at potential Buzz about Golden Gate University’s interest in finding a develope r for its site increased after a May 26 Planninf Department Transbay forum during which a new zoningg map was unveiled, showing an 850-foot proposed heighrt at 536 Mission St.
While plannedr Joshua Switzky said previous versions of the map had also designated the parce for higher than 800 Hite said the new zoning was news to Goldebn GateUniversity officials. “The first we knew of the 850-footr heights was at last week’s said Hite. “This is a change, and we thinkj a very good If approved, Golden Gate’s rezoning woulsd be part of a highrise cluster arounsa 1,000-foot Transbay Tower that would includd six skyscrapers over 600 feet and alloew for another 5.
8 million square feet of new office 1,350 housing units and 1,350 hotel Fees from the development would help raise between $700 millionj and $850 million to help pay for a $2 billionj transit center. However, with construction costa still relatively high and housingg prices and office rents in decline it is unlikelyu that any of thesde towers will be built in the next five accordingto experts. The latest zoning proposall pits Golden Gate University against neighboringb developerDavid Choo, who owns seven parcels in and around First and Mission The latest Transbay plan calls for two tall towerw — one 700 feet and one 850 feet on the block that includes both Choo’s propertuy and the Golden Gate University Choo has been trying to sell his parcels as a unified site that alond could accommodate the two towers, one 700 feet and one 850 Thus, if a tower is designated for the Goldebn Gate University property, it could reduce the Choo property to just one towefr of either 700 feet or 850 In 2006, Choo filed an application to build as many as five towers on his but over the past 18 monthse has been trying to sell a number of San Franciscko building sites as his commerciapl mortgage lending business, , has sufferer severe losses.
One of his II, filed for Chapter 11 bankruptcy onMarch 31. Hite said he and Goldenn Gate President Dan Angelo met with Planning Director John Rahaim and other planners and made a case for 536Missionm St. “We shared with them our belieff that we think our site should be designated thehighetr site,” he said. principal Jeffrey Heller, who has been workin g with Choo on schemees for First and Mission and is designing another tower in theTransbayg district, said the taller tower belongs on the Choo site becausse it is closer to the proposedd Transbay Tower.
“The urban designn plans and protocols for the Transba planning area all say the tall buildingds should be clustered around the Transbahy Tower to create a hill and I believe that is an absoluteluy essential piece of how they finallyg set the heights in the he said. “I think it’s important that the planninbg effort refocuses on this because Ithinmk it’s getting vague and watered down by a variety of claims for height.” Golden Gate University has 5,000 studentsa and offers graduate and undergraduate degreess in law, accounting, business finance, communications and other areas It has been in the Mission Streef building since 1968.
Hite emphasized that they need to stay in the greaterf financial district because most students walk to classs from jobs at downtown accounting andlaw firms. “Thew only way this wouldr make sense to us is if it helped us financiallhyand operationally,” said Hite. “We would not do it for the money if it wouldc screw up oureducational mission.” Duffy, the land use said, “Like most property ownersw in the area, Golden Gate University is interested in what happense in the community around them and how it might effecf them. “They are one of the majort downtown institutions and a significant employer with a significantstudent body,” said Duffy.
Hite said Golden Gate would be willint to move into the bottom six or sevem floors ofa mixed-use tower, but acknowledgefd that any development would be years away. “jI think we have a lot of time on our he said.
Bob Hite, vice president of businesds affairs and CFO for GoldenGate University, said the university startecd discussing a plan to sell its 33,000-square-footg property at Mission and First streets to a highriswe developer about a year ago. The site now holds Goldej Gate’s main building, and he said the universithy would only be interested if it could eithedr be part of anew mixed-use development on the site or move to anothed location in downtown San Golden Gate has hired land use attorney Pam Duffy of LLP and has put togethefr a task force to look at potential Buzz about Golden Gate University’s interest in finding a develope r for its site increased after a May 26 Planninf Department Transbay forum during which a new zoningg map was unveiled, showing an 850-foot proposed heighrt at 536 Mission St.
While plannedr Joshua Switzky said previous versions of the map had also designated the parce for higher than 800 Hite said the new zoning was news to Goldebn GateUniversity officials. “The first we knew of the 850-footr heights was at last week’s said Hite. “This is a change, and we thinkj a very good If approved, Golden Gate’s rezoning woulsd be part of a highrise cluster arounsa 1,000-foot Transbay Tower that would includd six skyscrapers over 600 feet and alloew for another 5.
8 million square feet of new office 1,350 housing units and 1,350 hotel Fees from the development would help raise between $700 millionj and $850 million to help pay for a $2 billionj transit center. However, with construction costa still relatively high and housingg prices and office rents in decline it is unlikelyu that any of thesde towers will be built in the next five accordingto experts. The latest zoning proposall pits Golden Gate University against neighboringb developerDavid Choo, who owns seven parcels in and around First and Mission The latest Transbay plan calls for two tall towerw — one 700 feet and one 850 feet on the block that includes both Choo’s propertuy and the Golden Gate University Choo has been trying to sell his parcels as a unified site that alond could accommodate the two towers, one 700 feet and one 850 Thus, if a tower is designated for the Goldebn Gate University property, it could reduce the Choo property to just one towefr of either 700 feet or 850 In 2006, Choo filed an application to build as many as five towers on his but over the past 18 monthse has been trying to sell a number of San Franciscko building sites as his commerciapl mortgage lending business, , has sufferer severe losses.
One of his II, filed for Chapter 11 bankruptcy onMarch 31. Hite said he and Goldenn Gate President Dan Angelo met with Planning Director John Rahaim and other planners and made a case for 536Missionm St. “We shared with them our belieff that we think our site should be designated thehighetr site,” he said. principal Jeffrey Heller, who has been workin g with Choo on schemees for First and Mission and is designing another tower in theTransbayg district, said the taller tower belongs on the Choo site becausse it is closer to the proposedd Transbay Tower.
“The urban designn plans and protocols for the Transba planning area all say the tall buildingds should be clustered around the Transbahy Tower to create a hill and I believe that is an absoluteluy essential piece of how they finallyg set the heights in the he said. “I think it’s important that the planninbg effort refocuses on this because Ithinmk it’s getting vague and watered down by a variety of claims for height.” Golden Gate University has 5,000 studentsa and offers graduate and undergraduate degreess in law, accounting, business finance, communications and other areas It has been in the Mission Streef building since 1968.
Hite emphasized that they need to stay in the greaterf financial district because most students walk to classs from jobs at downtown accounting andlaw firms. “Thew only way this wouldr make sense to us is if it helped us financiallhyand operationally,” said Hite. “We would not do it for the money if it wouldc screw up oureducational mission.” Duffy, the land use said, “Like most property ownersw in the area, Golden Gate University is interested in what happense in the community around them and how it might effecf them. “They are one of the majort downtown institutions and a significant employer with a significantstudent body,” said Duffy.
Hite said Golden Gate would be willint to move into the bottom six or sevem floors ofa mixed-use tower, but acknowledgefd that any development would be years away. “jI think we have a lot of time on our he said.
Sunday, May 22, 2011
Washington (Pa.) Hospital expects to post loss - Pittsburgh Business Times:
cement siding
The reductions will result in the immediate furlough of 60 to 70 peoplwe at a facility wherearound 2,000 people work, the county’s biggesyt employer, Weinstein said. The fiscal year ends June 30, but the anticipatex loss hasn’t been determined. The hospital has a budget of aboutt $220 million and finished last year with asmallo gain. “The hospital is maintaining all of its Weinstein said, “and we’ll emerge from this as a strongb community hospital.” Hospital admissions and outpatient visits have been essentiallhy flat this year when compared to last year at despite some population growth in the hospital’s servicde area, Weinstein said.
Job uncertainty, risinfg insurance co-pays and the souring economg were blamed for lower medical facilitgutilization rates.
The reductions will result in the immediate furlough of 60 to 70 peoplwe at a facility wherearound 2,000 people work, the county’s biggesyt employer, Weinstein said. The fiscal year ends June 30, but the anticipatex loss hasn’t been determined. The hospital has a budget of aboutt $220 million and finished last year with asmallo gain. “The hospital is maintaining all of its Weinstein said, “and we’ll emerge from this as a strongb community hospital.” Hospital admissions and outpatient visits have been essentiallhy flat this year when compared to last year at despite some population growth in the hospital’s servicde area, Weinstein said.
Job uncertainty, risinfg insurance co-pays and the souring economg were blamed for lower medical facilitgutilization rates.
Friday, May 20, 2011
Financial firm executive links economic rebound to housing market - Business First of Columbus:
http://www.simplykitchengarden.com/herbs/3.html
With housing at its most affordable in the last 35 Greiner said inventory currently about nine and ahalf months, should subside The six-month mark is ideal in a sounx economy. But in Phoenix, wherwe foreclosures and home depreciations continue to batter the a local recovery will trail anationak rebound, he said. “It will probably be a littlwe slower,” Greiner said minutes after concluding his economic forecast atthe Ritz-Carlton in centralp Phoenix. Preliminary estimates show themediaj Phoenix-area home price at $115,000 in May, comparablew to levels in October 1998, according to the -Repeat Saless Index.
Greiner’s assumptions conflict with BBVA Compass’ quarterly economi c report published this week that saidSunbelrt states, including Arizona, are poisedr to recover from the recession faster than other regionzs of the country. Despite market gains through the firsy three months ofthe year, Greineer expects a substantial portion will be lost over the next few as the dollar loses its valuer and corporate profits remain “flat on their However, he said the country has moved out of the worsft bear market since the Great and “there’s room for this markeg to run.” He said UMB is advising clients to move moneg away from the U.S.
dollar and into emerging countries in South Americaand Asia. Similatr to the late 1970s andearly 80s, the countrgy is mired in a structural recession, characterized by a broad and widespread malaise that causes global In a structural recession, the economy undergoes a fundamentakl shift as it comes out of it. In the earlh 80s, the economy became consumption based. In this downturn, the governmen t has taken a much bigger role ineconomicc activity, and likely will become a biggert factor in the Gross Domestic Product. At the end of 2008, governmen t consumption expenditures and gross investment accountedfor 20.2 percenr of GDP.
“The government is becoming a bigger part of theeconomicc pie,” Greiner said. More than 100 private bankinfg clients and potential customers attendedthe forecast.
With housing at its most affordable in the last 35 Greiner said inventory currently about nine and ahalf months, should subside The six-month mark is ideal in a sounx economy. But in Phoenix, wherwe foreclosures and home depreciations continue to batter the a local recovery will trail anationak rebound, he said. “It will probably be a littlwe slower,” Greiner said minutes after concluding his economic forecast atthe Ritz-Carlton in centralp Phoenix. Preliminary estimates show themediaj Phoenix-area home price at $115,000 in May, comparablew to levels in October 1998, according to the -Repeat Saless Index.
Greiner’s assumptions conflict with BBVA Compass’ quarterly economi c report published this week that saidSunbelrt states, including Arizona, are poisedr to recover from the recession faster than other regionzs of the country. Despite market gains through the firsy three months ofthe year, Greineer expects a substantial portion will be lost over the next few as the dollar loses its valuer and corporate profits remain “flat on their However, he said the country has moved out of the worsft bear market since the Great and “there’s room for this markeg to run.” He said UMB is advising clients to move moneg away from the U.S.
dollar and into emerging countries in South Americaand Asia. Similatr to the late 1970s andearly 80s, the countrgy is mired in a structural recession, characterized by a broad and widespread malaise that causes global In a structural recession, the economy undergoes a fundamentakl shift as it comes out of it. In the earlh 80s, the economy became consumption based. In this downturn, the governmen t has taken a much bigger role ineconomicc activity, and likely will become a biggert factor in the Gross Domestic Product. At the end of 2008, governmen t consumption expenditures and gross investment accountedfor 20.2 percenr of GDP.
“The government is becoming a bigger part of theeconomicc pie,” Greiner said. More than 100 private bankinfg clients and potential customers attendedthe forecast.
Tuesday, May 17, 2011
City Council to consider range of Branch developments - Charlotte Business Journal:
inokyfyli.blogspot.com
The Charlotte real estate development company led by Chrix Branch has askedfor one-month deferrals on a pair of rezoning requeste for 1.77 acres on the west side of North Ceda Street between West Fifth and Cates streete and for 2.94 acres on the southeasg corner of North Clarkson and Catea streets. Three other rezoning requests should get thegreenh light. An approval with conditions has been recommendexfor Branch's plans for an office buildintg on a triangular-shaped parcel near the Carolinaz Medical Center. Branch is capped at constructingfa 50-foot-tall, 30,000-square-foot office buildin on less than half an acre at 1301 Kenilworth Ave.
The was give the right to review elevation plans for the developmenf that will front both Kenilworth andScott avenues. The city staff also supports rezonintg land alongthe south-corridor light-rail tracks at Camden South Tryon Street and West Summit Avenue in Soutb End, where Branch is considering offices in the parking lot next to his Fowler Building. Also cleared for a change in zoningf for an acre at Soutuh Church and Lincoln streets to allow residentialk and more commercial development than iscurrently allowed. A vote to alloew changes to the proposed Citadin residential condo projecg in Fourth Ward is also set forMondayh night's zoning meeting.
The project's developer -- Charlotte-based , unde the limited partnership Fourth Ward SquareAssociate -- has asked to boost the tower'es size to 550 units, from the 424 previously Commercial space would also be increased by 50% to 30,00 square feet. Both the Charlotte-Mecklenburg planning staff and the zonintg committee support the proposed for the entire bloco bounded byNorth Graham, West Eighth, Nortgh Smith and West Ninth The 3.54-acre site is home to a rental complex. Only one resident attended a Dec.
5 communityy meeting regardingthe changes, according to city The revisions show a single, 140-foot-tall tower insteadc of the previously proposed cluster of five to sevenj buildings to be constructed in phases. On Thursday, will host a previewq party for its latestdevelopmentg project, Silos at South End. Silo includes both residential and commerciapl condos for sale alongthe light-rail The development sits close to the New Bern station, next to the proposedx expansion of Poindexter Drive. Thursday'sa event starts at 5 p.m. at the Charlottd Art League at 1517Camden Road. A silent auction will be held to supporytlocal artists. Details: (704) 779-6251.
A publicist declinesw to disclose details on the numberof units, sizess and price points, saying plans are still preliminary. The project'zs rezoning request is amonf 47 listedfor Monday's City Council meeting. Both the city stafr and the zoning committee support the request forthe 1.5-acres site. Charlotte's chapter of is hoping to builf onits members' New Year's holding its next cocktail event at Crown Athletixc Club in Founders Hall uptown. The networking evenrt should exercise more than justsociap skills. Organizers promise a nutrition But don't worry, drinks will still be on hand. Heavyt lifting of some kind will starrt Thursday at6 p.m.
Details: E-mail Jennifer Ross at Jennifer.ross@rsmi.coj or call (704) RSVP by Monday.
The Charlotte real estate development company led by Chrix Branch has askedfor one-month deferrals on a pair of rezoning requeste for 1.77 acres on the west side of North Ceda Street between West Fifth and Cates streete and for 2.94 acres on the southeasg corner of North Clarkson and Catea streets. Three other rezoning requests should get thegreenh light. An approval with conditions has been recommendexfor Branch's plans for an office buildintg on a triangular-shaped parcel near the Carolinaz Medical Center. Branch is capped at constructingfa 50-foot-tall, 30,000-square-foot office buildin on less than half an acre at 1301 Kenilworth Ave.
The was give the right to review elevation plans for the developmenf that will front both Kenilworth andScott avenues. The city staff also supports rezonintg land alongthe south-corridor light-rail tracks at Camden South Tryon Street and West Summit Avenue in Soutb End, where Branch is considering offices in the parking lot next to his Fowler Building. Also cleared for a change in zoningf for an acre at Soutuh Church and Lincoln streets to allow residentialk and more commercial development than iscurrently allowed. A vote to alloew changes to the proposed Citadin residential condo projecg in Fourth Ward is also set forMondayh night's zoning meeting.
The project's developer -- Charlotte-based , unde the limited partnership Fourth Ward SquareAssociate -- has asked to boost the tower'es size to 550 units, from the 424 previously Commercial space would also be increased by 50% to 30,00 square feet. Both the Charlotte-Mecklenburg planning staff and the zonintg committee support the proposed for the entire bloco bounded byNorth Graham, West Eighth, Nortgh Smith and West Ninth The 3.54-acre site is home to a rental complex. Only one resident attended a Dec.
5 communityy meeting regardingthe changes, according to city The revisions show a single, 140-foot-tall tower insteadc of the previously proposed cluster of five to sevenj buildings to be constructed in phases. On Thursday, will host a previewq party for its latestdevelopmentg project, Silos at South End. Silo includes both residential and commerciapl condos for sale alongthe light-rail The development sits close to the New Bern station, next to the proposedx expansion of Poindexter Drive. Thursday'sa event starts at 5 p.m. at the Charlottd Art League at 1517Camden Road. A silent auction will be held to supporytlocal artists. Details: (704) 779-6251.
A publicist declinesw to disclose details on the numberof units, sizess and price points, saying plans are still preliminary. The project'zs rezoning request is amonf 47 listedfor Monday's City Council meeting. Both the city stafr and the zoning committee support the request forthe 1.5-acres site. Charlotte's chapter of is hoping to builf onits members' New Year's holding its next cocktail event at Crown Athletixc Club in Founders Hall uptown. The networking evenrt should exercise more than justsociap skills. Organizers promise a nutrition But don't worry, drinks will still be on hand. Heavyt lifting of some kind will starrt Thursday at6 p.m.
Details: E-mail Jennifer Ross at Jennifer.ross@rsmi.coj or call (704) RSVP by Monday.
Sunday, May 15, 2011
Fitch downgrades Ohio bonds despite
younkinesagugad1746.blogspot.com
The New York-based agency this week said it loweredthe AA+ ratinb attached to the bonds by a peg to AA, citinbg “the long-term deterioration of the state’s economy” and concerjn that Ohio didn’t bounce back as strongl as other states following the 2000-01 Fitch also noted that the 100,0009 manufacturing jobs lost in Ohio over the past year and recentt plans by to close some operations in the states are of particular concern. The rating downgrade comees as a conference committeew composed of Ohio House of Representatives and Senate members is poised to finalizethe state’s budgey for the two years beginning July 1.
Legislator s are expected to receive updated tax revenue projections which could lead to spending cuts beyondthe $1 billiohn the Republican-controlled Senate made to a budgeg passed by the Democrat-controlled Fitch characterized Ohio’s financial management as “sound,” addinf that its rating takes into expectations that the state budget will be balanced. Despitre downgrading the bonds, the agency reviser its overall ratings outlook for the state to from “negative.
” • Fitch issued a AA rating to $40 millionb in coal development general obligation bonds set to sell next That’s the third-highest investment grade possible on its • The agency also downgraded to AA- from AA ratings on appropriation-backerd bonds.
The New York-based agency this week said it loweredthe AA+ ratinb attached to the bonds by a peg to AA, citinbg “the long-term deterioration of the state’s economy” and concerjn that Ohio didn’t bounce back as strongl as other states following the 2000-01 Fitch also noted that the 100,0009 manufacturing jobs lost in Ohio over the past year and recentt plans by to close some operations in the states are of particular concern. The rating downgrade comees as a conference committeew composed of Ohio House of Representatives and Senate members is poised to finalizethe state’s budgey for the two years beginning July 1.
Legislator s are expected to receive updated tax revenue projections which could lead to spending cuts beyondthe $1 billiohn the Republican-controlled Senate made to a budgeg passed by the Democrat-controlled Fitch characterized Ohio’s financial management as “sound,” addinf that its rating takes into expectations that the state budget will be balanced. Despitre downgrading the bonds, the agency reviser its overall ratings outlook for the state to from “negative.
” • Fitch issued a AA rating to $40 millionb in coal development general obligation bonds set to sell next That’s the third-highest investment grade possible on its • The agency also downgraded to AA- from AA ratings on appropriation-backerd bonds.
Friday, May 13, 2011
Heritage Valley Health System reaches deal to enhance electronic medical records system - Dallas Business Journal:
http://spaceref.net/mt-cp.cgi?__mode=view&blog_id=11&id=4014
The gear allows Heritage’s 150 employed doctors to electronically transmity prescriptions and access patient medical recorda from laptops and handheld reducing errors andstreamlining care. The industry average for buying electronic medical record systemsis $10,00o0 per doctor, although the exact amount of the Heritager Valley contract was not available. Previously, Heritags Valley received a $661,500 grant througu health insurance giant to help pay forthe upgrade.
In additiomn to two hospitals, Heritage Valley has two surgery two cancer treatment centers and a numberof community-basex diagnostic and treatment facilities to treat patients from Allegheny, Butler and Lawrence counties, and parts of West Virginiqa and Ohio. Allscripts beganh helping Heritage develop its electronic recordkeeping systemin 2006. “Azs an integrated delivery network, we’re relying on the Allscripts solution to help us create a single electronic patienft record that will drive greater integration and improvement in care Heritage President and CEO Norm Mitru said in aprepared
The gear allows Heritage’s 150 employed doctors to electronically transmity prescriptions and access patient medical recorda from laptops and handheld reducing errors andstreamlining care. The industry average for buying electronic medical record systemsis $10,00o0 per doctor, although the exact amount of the Heritager Valley contract was not available. Previously, Heritags Valley received a $661,500 grant througu health insurance giant to help pay forthe upgrade.
In additiomn to two hospitals, Heritage Valley has two surgery two cancer treatment centers and a numberof community-basex diagnostic and treatment facilities to treat patients from Allegheny, Butler and Lawrence counties, and parts of West Virginiqa and Ohio. Allscripts beganh helping Heritage develop its electronic recordkeeping systemin 2006. “Azs an integrated delivery network, we’re relying on the Allscripts solution to help us create a single electronic patienft record that will drive greater integration and improvement in care Heritage President and CEO Norm Mitru said in aprepared
Wednesday, May 11, 2011
AP-Gfk poll: Obama's approval rating hits highest point in 2 years - Washington Post
vykyvimote.wordpress.com
AP-Gfk poll: Obama's approval rating hits highest point in 2 years Washington Post By AP, That's according to a new Associated Press-GfK poll. It shows that 60 percent now approve of the job Obama is doing. And more than half now say he deserves to be re-elected. ( Carolyn Kaster / Associated Press ) - President Barack Obama waves to ... How the poll was conducted Obama approval hits new high |
Sunday, May 8, 2011
QualityTech computes data center growth - bizjournals:
ethelbertdiya3334.blogspot.com
The Overland Park-based firm has mappedf out a $75 million to $100 milliomn investment in existing data center facilitie in the next year and coulr spendabout $50 million on real estate or company acquisitions in the next 12 to 18 Chairman and CEO Chad Williams said. Those plans come on the heels of investments already made in the past year fora $50 milliom facility in Miami and a $20 million upgrade to a Santaw Clara, Calif., facility. “We’ve very quietly growm from a couple of real estate acquisitionas to a national leader indata centers,” Williamd said. “In a challenged economic our footprint has expanded to 11different locations.
” founded in September 2005, has gaines at a swift clip. In 2006, it postede revenue of $35.8 million. Last year, that number had burgeoned to $119.7 The projection for 2009: roughly $150 That’s assuming a checked growth pace of about 25 down from 37 percentlast Essentially, QualityTech provides information technology outsourcing It sells large chunks of wholesaler data center space, and it retailsz smaller spaces to small and midsize businesses. In addition, it offersa a broad managed-services portfolio, which handles anythiny from network security to storageto applications. QualityTecbh also has a new model that offers data capacityuas needed.
The company is a significant player inits sector, whichg continues to grow as cash-strapped companies look to outsource IT functions, said analyst Dan Golding, a vice presidentr of New York-based Tier1 Research. Tier1 expectsx data center revenue to grow about 10 percentto $8 billion this year; QualityTech’as 25 percent growth prediction is aggressive but Golding said. The industry promises tremendouw growth during the next decadeor so, he Its penetration now is in the low single-digit but companies that check in rarely leave. “Fo r 95 percent of companies, outsourcing is just going to work better in thelong run,” Goldinbg said.
“It’s purely an economic issue.” QualityTech’s planned projectds — adding power and space will bein Lenexa, Santa Clara and Jersey City, N.J. All the improvements will addabout 250,0009 square feet of raised-floor data center space, bringinh the total raised-floor space (where servers can be to about 1 million squarr feet. That’s out of a total of 2 million square feet the coompanyowns “We certainly have demand within our current portfolio for certainn customers to grow,” Williams said.
“We’re also building space we can leasr because of the demandcurvw — demand we see in the marketplace today that’s real demansd and has no supply.” Data centers are expensivd to build, costing about $1,300 a square foot, Goldingv said. Then there’s the acquisitionh potential. “We actually feel over the next 12 to18 months, that it’s going to be a greaft opportunity for us to add locations in the Williams said. “We are currently lookinbg at other data center operators to buy and also additionalo real estate that wecoulds convert.
” The Achilles’ heel of the booming industrhy has been the credit which will make some smaller companie prime buyout candidates. Fortunately for privately owned QualityTech, it has access to its profits, backing by the Williamsz family and banking relationships withOverland Park-based and , Williams The pending outlays will be a combinatiojn of equity and debt, he said. “Thw data center industry is one ofthose that’s been seein g a lot of impact the potential for a lot of growt h actually being dampened by the ability to get Golding said. “(QualityTech) has the advantage there — it has deep-pocket privatde backers. Not everyone has that.
” Other localp data center and managed-services companies also have experiencedr torrid growth inthe ’s revenue is up 60 percent year to and it’s about a third of the way through a $1 milliojn upgrade of its Kansas City, Kan., Early next year, plans to complete a $12 milliohn data center in Lenexa; its existing Overlande Park and Lenexa facilities are nearly full. “The industryu is really growing,” Arsalon founding partneer GaryHall said.
The Overland Park-based firm has mappedf out a $75 million to $100 milliomn investment in existing data center facilitie in the next year and coulr spendabout $50 million on real estate or company acquisitions in the next 12 to 18 Chairman and CEO Chad Williams said. Those plans come on the heels of investments already made in the past year fora $50 milliom facility in Miami and a $20 million upgrade to a Santaw Clara, Calif., facility. “We’ve very quietly growm from a couple of real estate acquisitionas to a national leader indata centers,” Williamd said. “In a challenged economic our footprint has expanded to 11different locations.
” founded in September 2005, has gaines at a swift clip. In 2006, it postede revenue of $35.8 million. Last year, that number had burgeoned to $119.7 The projection for 2009: roughly $150 That’s assuming a checked growth pace of about 25 down from 37 percentlast Essentially, QualityTech provides information technology outsourcing It sells large chunks of wholesaler data center space, and it retailsz smaller spaces to small and midsize businesses. In addition, it offersa a broad managed-services portfolio, which handles anythiny from network security to storageto applications. QualityTecbh also has a new model that offers data capacityuas needed.
The company is a significant player inits sector, whichg continues to grow as cash-strapped companies look to outsource IT functions, said analyst Dan Golding, a vice presidentr of New York-based Tier1 Research. Tier1 expectsx data center revenue to grow about 10 percentto $8 billion this year; QualityTech’as 25 percent growth prediction is aggressive but Golding said. The industry promises tremendouw growth during the next decadeor so, he Its penetration now is in the low single-digit but companies that check in rarely leave. “Fo r 95 percent of companies, outsourcing is just going to work better in thelong run,” Goldinbg said.
“It’s purely an economic issue.” QualityTech’s planned projectds — adding power and space will bein Lenexa, Santa Clara and Jersey City, N.J. All the improvements will addabout 250,0009 square feet of raised-floor data center space, bringinh the total raised-floor space (where servers can be to about 1 million squarr feet. That’s out of a total of 2 million square feet the coompanyowns “We certainly have demand within our current portfolio for certainn customers to grow,” Williams said.
“We’re also building space we can leasr because of the demandcurvw — demand we see in the marketplace today that’s real demansd and has no supply.” Data centers are expensivd to build, costing about $1,300 a square foot, Goldingv said. Then there’s the acquisitionh potential. “We actually feel over the next 12 to18 months, that it’s going to be a greaft opportunity for us to add locations in the Williams said. “We are currently lookinbg at other data center operators to buy and also additionalo real estate that wecoulds convert.
” The Achilles’ heel of the booming industrhy has been the credit which will make some smaller companie prime buyout candidates. Fortunately for privately owned QualityTech, it has access to its profits, backing by the Williamsz family and banking relationships withOverland Park-based and , Williams The pending outlays will be a combinatiojn of equity and debt, he said. “Thw data center industry is one ofthose that’s been seein g a lot of impact the potential for a lot of growt h actually being dampened by the ability to get Golding said. “(QualityTech) has the advantage there — it has deep-pocket privatde backers. Not everyone has that.
” Other localp data center and managed-services companies also have experiencedr torrid growth inthe ’s revenue is up 60 percent year to and it’s about a third of the way through a $1 milliojn upgrade of its Kansas City, Kan., Early next year, plans to complete a $12 milliohn data center in Lenexa; its existing Overlande Park and Lenexa facilities are nearly full. “The industryu is really growing,” Arsalon founding partneer GaryHall said.
Friday, May 6, 2011
Warren still seeking cause for building explosion - Detroit Free Press
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CBS News | Warren still seeking cause for building explosion Detroit Free Press Warren fire inspectors still are probing the cause of a massive explosion Wednesday night that leveled a building and injured two people driving nearby. "We're not going to rule out anything," Warren Fire Commissioner Wilburt ... VIDEO: Explosion destroys building, sends debris flying, shatters windows |
Wednesday, May 4, 2011
Warren Buffett sells remaining Constellation shares - The Business Journal of the Greater Triad Area:
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Buffett, his company (NYSE: BRK.A, and that company’s subsidiar y , are each no longer stockholders inConstellationm (NYSE: CEG), according to a form with the Securitiezs and Exchange Commission filed Monday. They have been slowlg divesting the stock over the past weekzsand months, owning 7.3 percent in February and 6.3 percenf last month. The sale ends the relationship between the investorand Constellation, one of two Fortune 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percen stake in Constellation whenits $4.
7 billio bid for the company made in Septembedr was rejected three months That offer came after a cash crunch led to a steelp decline in Constellation’s stock price over severalk days and some investorsw feared bankruptcy. Constellation spurned the offer in favo of a deal tosell 49.99 percent of its nucleatr business for $4.5 billion to French firm , whicb had also been in the bidding for the companu in September. For the cancelation, Constellatio had to pay $175 million in breakuo fees and $418 million for stocks. It also had to repay a $1 billio n loan from Buffett with 14percenrt interest.
A decision on whether the deal with EDF requiresd Maryland approval is expected in a The deal is expected to closethis fall.
Buffett, his company (NYSE: BRK.A, and that company’s subsidiar y , are each no longer stockholders inConstellationm (NYSE: CEG), according to a form with the Securitiezs and Exchange Commission filed Monday. They have been slowlg divesting the stock over the past weekzsand months, owning 7.3 percent in February and 6.3 percenf last month. The sale ends the relationship between the investorand Constellation, one of two Fortune 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percen stake in Constellation whenits $4.
7 billio bid for the company made in Septembedr was rejected three months That offer came after a cash crunch led to a steelp decline in Constellation’s stock price over severalk days and some investorsw feared bankruptcy. Constellation spurned the offer in favo of a deal tosell 49.99 percent of its nucleatr business for $4.5 billion to French firm , whicb had also been in the bidding for the companu in September. For the cancelation, Constellatio had to pay $175 million in breakuo fees and $418 million for stocks. It also had to repay a $1 billio n loan from Buffett with 14percenrt interest.
A decision on whether the deal with EDF requiresd Maryland approval is expected in a The deal is expected to closethis fall.
Sunday, May 1, 2011
Kendall
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million foreclosure lawsuit against the developer of theRivendell single-family home project in West Kendall. The Miami-based bank files the foreclosure action on June 9againsyt Miami-based Crestview II, Marsol One LLC and managingt member Marcial Solis, accordint to records. The complaint targets 28 unsol homes and home sitesin Rivendell, whicn is along Miller Drive (Southwest 56th Street) between Southwest 167t h Avenue and the Miccosukee Golf and Country Club. After startingh construction in 2004, Crestvies II sold 103 homes in Rivendell from 2005 through the most recentr salein January. Fort Lauderdale-based attorney Charle Lichtman, who represents TotalBank in its demanffor $12.
2 million on the outstanding mortgage, did not immediatel return a call seeking comment. TotalBank reported havingt $86.4 million in late or unpaid ornearly 6.5 perceny of its total loans, as of Marcgh 31. In March, filed a foreclosure action against Crestview II and Solis overa $2.1 milliom mortgage.
million foreclosure lawsuit against the developer of theRivendell single-family home project in West Kendall. The Miami-based bank files the foreclosure action on June 9againsyt Miami-based Crestview II, Marsol One LLC and managingt member Marcial Solis, accordint to records. The complaint targets 28 unsol homes and home sitesin Rivendell, whicn is along Miller Drive (Southwest 56th Street) between Southwest 167t h Avenue and the Miccosukee Golf and Country Club. After startingh construction in 2004, Crestvies II sold 103 homes in Rivendell from 2005 through the most recentr salein January. Fort Lauderdale-based attorney Charle Lichtman, who represents TotalBank in its demanffor $12.
2 million on the outstanding mortgage, did not immediatel return a call seeking comment. TotalBank reported havingt $86.4 million in late or unpaid ornearly 6.5 perceny of its total loans, as of Marcgh 31. In March, filed a foreclosure action against Crestview II and Solis overa $2.1 milliom mortgage.
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