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.
Sunday, May 15, 2011
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
ralawizewy.wordpress.com
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:
http://sciteched.org/book/errors.htm
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
mozybyd.wordpress.com
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.
Subscribe to:
Posts (Atom)