http://owenbookseller.com/on-my-reading-list.html
million to Lend Lease Lowryu Range LLC in a settlement betweenj the company and the Statd Land Board over development of the formeer Lowry bombing range east of Lend Lease, a division of Australiaj developer Ltd., was chosen in December 2006 to develop a planned communityu on 3,900 acres of the 26,000-acrre bombing-range site. But it backed out this sayingit couldn’t locate a sustainabl e water supply at a reasonable cost for the new In February, Lend Lease askedr the state to reimburse it $5.
67 million for work it did on the Lowrgy Range project, a request both sidews used in reaching Monday’s settlement, according to Monday’s announcementf from the Colorado Department of Naturao Resources, which oversees the State Land As part of the settlement, Lend Lease will give the Land Boardx all its Lowry Range plans and reports, ranging from site preparationn and geotechnical studies to environmentak analyses and detailed development plans for the proposed community, the statee said. The state will pay the $4.5 milliojn in four installments throughAugust 2011.
“Thise agreement will allow us to continude planning the Lowry Range developmentf project and protect the interests of our the schoolchildrenof Colorado,” said Brownell Bailey, director of the Land in a statement. The Land Boardx manages 3 million acres of state trusy land to benefitColorado “The board continues to be committed to its three-par t vision of the Lowry Rangee project, with a focus on sustainable development and long-terjm income for the School Trust while also conservinbg one of the most importantr prairie grasslands in the Denver-metro region,” Bailey said.
The proposede bombing-range development called for buildinyg 13,000 homes plus retail and commercial while anadditional 22,00o0 acres would remain a conservation Before it walked away from the project in Lend Lease estimated infrastructure work to prepares the land would be around $100 Actual development would pour an estimated $334 million over the next two decadee into the State Land Board’s trust fund for Colorado’s school children. Lend Lease is also buildiny the Horizon City Center projectr at Interstate 70and E-470.
Saturday, July 2, 2011
Thursday, June 30, 2011
Six Flags files Chapter 11 bankruptcy - Houston Business Journal:
edovogopu.wordpress.com
has initiated Chapter 11 bankruptcgy proceedings, Six Flags announcex Saturday. Six Flags’ (OTCBB: SIXF) board of directors on June 12 voted to beginn reorganization proceedingsin U.S. Bankruptcy Court for the Districgof Delaware. The company listed assetas of $3.03 billion and debts of $2.36 billion in its New York-based Six Flags is planning to reorganizethe company’w financial structure, which management said is feeling the pressur e of an inherited $2.4 billion debt.
In a letter to Six Flags CEO and president Mark Shapirio saidthe company’s debt is left over from previousx management and despite the companhy making $275 million last year, it has been difficulty for Six Flags to improve its balance sheet when paying out $175 milliob in interest on debt, Shapiro asserted. He added that more than $400 millionb in debt is due within the next 12 and the company is havingf tospend $100 million in park improvementsd in an atmosphere where refinancing is difficult. Shapiro assure d employees no staff reductions will arise out of the and employees will continue to be paid andreceivse benefits.
Shapiro said the bankruptcty plan has the support ofthe company’s lenders and the agenyt administering the company’s $1.1 billion senior secured crediyt facility. Six Flags parks, includinv Six Flags Great will continue to operate as usualundeer reorganization. Six Flags sold several propertiez last year torais capital. It still operates 20 amusement parks inNortjh America.
has initiated Chapter 11 bankruptcgy proceedings, Six Flags announcex Saturday. Six Flags’ (OTCBB: SIXF) board of directors on June 12 voted to beginn reorganization proceedingsin U.S. Bankruptcy Court for the Districgof Delaware. The company listed assetas of $3.03 billion and debts of $2.36 billion in its New York-based Six Flags is planning to reorganizethe company’w financial structure, which management said is feeling the pressur e of an inherited $2.4 billion debt.
In a letter to Six Flags CEO and president Mark Shapirio saidthe company’s debt is left over from previousx management and despite the companhy making $275 million last year, it has been difficulty for Six Flags to improve its balance sheet when paying out $175 milliob in interest on debt, Shapiro asserted. He added that more than $400 millionb in debt is due within the next 12 and the company is havingf tospend $100 million in park improvementsd in an atmosphere where refinancing is difficult. Shapiro assure d employees no staff reductions will arise out of the and employees will continue to be paid andreceivse benefits.
Shapiro said the bankruptcty plan has the support ofthe company’s lenders and the agenyt administering the company’s $1.1 billion senior secured crediyt facility. Six Flags parks, includinv Six Flags Great will continue to operate as usualundeer reorganization. Six Flags sold several propertiez last year torais capital. It still operates 20 amusement parks inNortjh America.
Tuesday, June 28, 2011
Burns & McDonnell wins part of $74M Wichita water contract - Kansas City Business Journal:
ibitasony.wordpress.com
Kansas City-based Burns & the largest engineering firm in will be joined on the project by partnersof St. Louis and of The partners will design and buildwatet intake, treatment and well-field facilities for the secondc phase of the Wichita Aquifer Storagw and Recovery Program. Burns & McDonnell didn’t disclose financial terms of its part ofthe “This innovative project will rechargse the Equus Beds aquifer, protectg water quality from chloride contamination and provid water supply for the Wichita regionakl area for the next 50 years and beyond,” Burnsz & McDonnell said in a release.
“The project will be amongb the largest and most complex aquifer recoveryt programs currently under way in the United Burns & McDonnell and its partners will desigb and build a rived intake with capacity to withdraw as much as 33 millionj gallons a day, and they will design and build an interconnecterd water-treatment facility with capacity to treat 30 million gallon a day. Burns & McDonnell also will desigb 20 new wells and upgrade 10 existing wells that will inject the treated water back into the EquuwsBeds Aquifer, a 1,400-square-mile underground water reserve. Upon the recharge capacity will be increasexd to 40 million gallonsa day.
Other componentxs of the project include construction of water additionalpower lines, electronic controlp systems and maintenance facilities. Burnw & McDonnell, which has worked with Wichita onits water-supply issues since 1992, employe about 2,900 engineers, architectse and other professionals in 20 offices throughout the United The 100 percent employee-owned companuy said in February that it was expandiny its Kansas City world headquarters campus by leasin an adjacent 217,000 square feet at 9300 Ward The expansion is designed to give Burnsx & McDonnell the capacity to add 1,000 local employees. In the firm increased its work force by 15 adding more than400 employees.
It postef $1.1 billion in 2008 revenue, up from $860 millioj in 2007.
Kansas City-based Burns & the largest engineering firm in will be joined on the project by partnersof St. Louis and of The partners will design and buildwatet intake, treatment and well-field facilities for the secondc phase of the Wichita Aquifer Storagw and Recovery Program. Burns & McDonnell didn’t disclose financial terms of its part ofthe “This innovative project will rechargse the Equus Beds aquifer, protectg water quality from chloride contamination and provid water supply for the Wichita regionakl area for the next 50 years and beyond,” Burnsz & McDonnell said in a release.
“The project will be amongb the largest and most complex aquifer recoveryt programs currently under way in the United Burns & McDonnell and its partners will desigb and build a rived intake with capacity to withdraw as much as 33 millionj gallons a day, and they will design and build an interconnecterd water-treatment facility with capacity to treat 30 million gallon a day. Burns & McDonnell also will desigb 20 new wells and upgrade 10 existing wells that will inject the treated water back into the EquuwsBeds Aquifer, a 1,400-square-mile underground water reserve. Upon the recharge capacity will be increasexd to 40 million gallonsa day.
Other componentxs of the project include construction of water additionalpower lines, electronic controlp systems and maintenance facilities. Burnw & McDonnell, which has worked with Wichita onits water-supply issues since 1992, employe about 2,900 engineers, architectse and other professionals in 20 offices throughout the United The 100 percent employee-owned companuy said in February that it was expandiny its Kansas City world headquarters campus by leasin an adjacent 217,000 square feet at 9300 Ward The expansion is designed to give Burnsx & McDonnell the capacity to add 1,000 local employees. In the firm increased its work force by 15 adding more than400 employees.
It postef $1.1 billion in 2008 revenue, up from $860 millioj in 2007.
Saturday, June 25, 2011
id Software is acquired by ZeniMax - Dallas Business Journal:
obesonuqa.wordpress.com
The acquisition creates a video game platform that combines the visionx of creators withinboth companies, according to a statemenft from Bethesda Softworks, a subsidiary of Bethesda, Md.-basesd Founded in Mesquite, id Software has developed gamess such as Doom, Quake, Wolfenstein and the upcoming Rage. “Thisx was a unique opportunitt to team witha smart, sophisticated publisher like Bethesda Softworksz where the interests of the studiop and the publisher will be fully aligner in the development and marketing of our titles,” said Todd chief executive officer of id Software.
“In we will now have financialk and business resources to support the future growth of id a huge advantage which will result in more and even bettee games forour fans.” In a statement released Monday, the companiea confirmed that all of id Software’s principalw have signed long-term contracts to continue developing videol games for the company.
The acquisition creates a video game platform that combines the visionx of creators withinboth companies, according to a statemenft from Bethesda Softworks, a subsidiary of Bethesda, Md.-basesd Founded in Mesquite, id Software has developed gamess such as Doom, Quake, Wolfenstein and the upcoming Rage. “Thisx was a unique opportunitt to team witha smart, sophisticated publisher like Bethesda Softworksz where the interests of the studiop and the publisher will be fully aligner in the development and marketing of our titles,” said Todd chief executive officer of id Software.
“In we will now have financialk and business resources to support the future growth of id a huge advantage which will result in more and even bettee games forour fans.” In a statement released Monday, the companiea confirmed that all of id Software’s principalw have signed long-term contracts to continue developing videol games for the company.
Thursday, June 23, 2011
Gen Y quandary: A drive to succeed, but jobs are few - The Business Review (Albany):
martaemimbzini.blogspot.com
Harris, a junior psychology major at in Schenectady, had at leastt two summer internship options canceled when advertising agenciesw cut their intern programs to save This week—after more interviews, and with summe r break a week away—Harris was offered a paid Many others, whether students seeking internships or recent grads looking to start their careers, aren’t as “It’s been a pretty rough It’s incredibly stressful,” Harris said. “It’e something that’s always on your Harris and other soon-to-be college graduates belonyg toGeneration Y, known for its drivre to succeed in the workplace.
More than any generatio before them, members of Generation Y are alterinvg workplace expectations in their pursuit of anequalp work-life balance. They’re unafraid to try to mold theitr jobs to fittheir needs.
Harris, a junior psychology major at in Schenectady, had at leastt two summer internship options canceled when advertising agenciesw cut their intern programs to save This week—after more interviews, and with summe r break a week away—Harris was offered a paid Many others, whether students seeking internships or recent grads looking to start their careers, aren’t as “It’s been a pretty rough It’s incredibly stressful,” Harris said. “It’e something that’s always on your Harris and other soon-to-be college graduates belonyg toGeneration Y, known for its drivre to succeed in the workplace.
More than any generatio before them, members of Generation Y are alterinvg workplace expectations in their pursuit of anequalp work-life balance. They’re unafraid to try to mold theitr jobs to fittheir needs.
Tuesday, June 21, 2011
No flesh-eating robots here, Cyclone Power Tech says - South Florida Business Journal:
asabcitxit.blogspot.com
(Pink Sheets: CYPW) issued a news release on Fridahythat said: “Despite the far-reaching reports that this includes human the public can be assured that the enginer Cyclone has developed to power the EATR runs on fuel no scaried than twigs, grass clippings and wood chips. … Desecration of the dead is a warcrimr … and is certainly not somethinvg sanctioned by DARPA, Cyclone or Cyclone and RTI have been receiving complaints about rumor s the fuel would also includw human flesh, which circulated on such Web sites as FoxNews.com. FoxNews.
com corrected its report after the company issued a news In reality, Cyclone said it is workingf with Maryland-based on a robotic engine that woulde run on biomass such as grasw and twigs in the The robot is called the Energetically Autonomousw Tactical Robot (EATR). “Cyclone and Roboticf Technology Inc. would like to set the recor straight: This robot is strictly vegetarian,” according to the release. On July 7, Cyclon said it had completec the first stage of development for a biomasds engine used to powerthe EATR, which it said is a projecrt sponsored by the (DARPA).
According to the company, the EATR is designecd to be an autonomous robotic platform able toperformk long-range, long-endurance missions without the need for manuao or conventional re-fueling. "We are focused on demonstrating that our engines cancreate usable, greenm power from plentiful, renewable plant matter,” Cyclone CEO Harryy Schoell said in the release. “The commercial applications alone forthis earth-friendlu energy solution are enormous." Cyclone shares were unchanged at 19.5 cents in late morning trading. The 52-weekj high was 53 cents on Feb. 11. The 52-weeko low was 11 cents on Nov. 14.
(Pink Sheets: CYPW) issued a news release on Fridahythat said: “Despite the far-reaching reports that this includes human the public can be assured that the enginer Cyclone has developed to power the EATR runs on fuel no scaried than twigs, grass clippings and wood chips. … Desecration of the dead is a warcrimr … and is certainly not somethinvg sanctioned by DARPA, Cyclone or Cyclone and RTI have been receiving complaints about rumor s the fuel would also includw human flesh, which circulated on such Web sites as FoxNews.com. FoxNews.
com corrected its report after the company issued a news In reality, Cyclone said it is workingf with Maryland-based on a robotic engine that woulde run on biomass such as grasw and twigs in the The robot is called the Energetically Autonomousw Tactical Robot (EATR). “Cyclone and Roboticf Technology Inc. would like to set the recor straight: This robot is strictly vegetarian,” according to the release. On July 7, Cyclon said it had completec the first stage of development for a biomasds engine used to powerthe EATR, which it said is a projecrt sponsored by the (DARPA).
According to the company, the EATR is designecd to be an autonomous robotic platform able toperformk long-range, long-endurance missions without the need for manuao or conventional re-fueling. "We are focused on demonstrating that our engines cancreate usable, greenm power from plentiful, renewable plant matter,” Cyclone CEO Harryy Schoell said in the release. “The commercial applications alone forthis earth-friendlu energy solution are enormous." Cyclone shares were unchanged at 19.5 cents in late morning trading. The 52-weekj high was 53 cents on Feb. 11. The 52-weeko low was 11 cents on Nov. 14.
Saturday, June 18, 2011
Degrees of Success: Local CPAs find that a law degree enhances ability to serve clients - Business First of Louisville:
http://www.turismagency.com/content/view/2154%20/782/
Loyd, a member of the Greenebaumn Doll & McDonald PLLC law firm in Louisville, becamde an accountant in 1991 after graduating summa cum laude fromin 1989. He starteed out doing tax work forCoopers & Lybrand, now part of and then moved on to work for Brownb & Williamson Tobacco Corp. in the There he managed their state and localtax functions, reviewed tax returns filed in severaol states and local jurisdictions and managed revenud audits from various departments nationwide. He also earned his MBA from thein 1996. But Loyd wasn' t finished.
He attended night schookl at the University of Louisville to earn his law degreein 2001, and in 2003, left Brownm & Williamson for his current position with Greenebaum Doll McDonald, where he worksd in tax litigation such as when a clienr protests a tax assessment. "Instead of doing tax now I represent many differeng kinds of clients before the and the Kentuckyy Department of Revenue or the Indiana Department of Loyd said. He also strivez to be active in professional groups forboth areas, as a member of the boarxd of the Kentucky Society of Certified Public Accountant s and chairman-elect of the tax sectionm of the .
Although Loyd isn'rt alone in holding dual accounting and law it still is a somewhat unusual and difficulg path because both professione require specialized degrees and participatiojin continuing-education programs. However, those who hold both a CPA designatio and a law degree said it makesz them more marketable as a professional because they have educatiob and experience inboth specialties. Tim Kimmel, a partner in Ernstr & Young's state and local tax practicein Louisville, leads the state and local tax practice for the firm'ds Ohio Valley Cluster, which also includes Cincinnati, Daytob and Columbus, Ohio.
He's been with the firm for 10 after first working as a tax preparer at anotherf firm upon graduatingfrom college. Kimmel earned his undergraduate degree in accounting from the in 1986 and passed his CPA examin 1988. Whiles working in accounting by day, he attende d night school at the University of Louisville and graduated with a law degrees inMay 1992. In all, he spent six yeare working inpublic accounting, and after earning his law he spent five yearse working as an attorney with a law Kimmel said that by havingb both degrees, he can not only decipher financial statementss but also is able to delve into tax rules, determininh why they do or do not apply to The law degree also gives him insight s into related legal ramificationzs of tax decisions.
"Ity really opened up a few more doors for me bein g able to see the law side of things as well as theaccountinbg side," he said. Vicki Buster, a tax partnerf with for the past10 years, took a differenty path to reach her dual Currently she performs tax compliance and planning, advisinv clients on business and tax matters, estate planninvg and trusts. Buster graduated from the in 1979 with a degreein communications, followed by a law degree from the Universituy of Louisville in 1983. "When I got to law my favorite class wastax class," she So Buster took a job at the former Coopers and Lybrand, working for 13 years as a membedr of its tax department staff.
But, she found, to be promotec at a CPA firm she had to becomea CPA. So whilre working full time and as the pregnant mothere ofa 2-year-old, she attended Bellarminer University at night to earn her accounting later passing the CPA exam. These days, most of her clienyt referrals comefrom attorneys, which gives her an edge sincwe she knows many local lawyers from her days in law
Loyd, a member of the Greenebaumn Doll & McDonald PLLC law firm in Louisville, becamde an accountant in 1991 after graduating summa cum laude fromin 1989. He starteed out doing tax work forCoopers & Lybrand, now part of and then moved on to work for Brownb & Williamson Tobacco Corp. in the There he managed their state and localtax functions, reviewed tax returns filed in severaol states and local jurisdictions and managed revenud audits from various departments nationwide. He also earned his MBA from thein 1996. But Loyd wasn' t finished.
He attended night schookl at the University of Louisville to earn his law degreein 2001, and in 2003, left Brownm & Williamson for his current position with Greenebaum Doll McDonald, where he worksd in tax litigation such as when a clienr protests a tax assessment. "Instead of doing tax now I represent many differeng kinds of clients before the and the Kentuckyy Department of Revenue or the Indiana Department of Loyd said. He also strivez to be active in professional groups forboth areas, as a member of the boarxd of the Kentucky Society of Certified Public Accountant s and chairman-elect of the tax sectionm of the .
Although Loyd isn'rt alone in holding dual accounting and law it still is a somewhat unusual and difficulg path because both professione require specialized degrees and participatiojin continuing-education programs. However, those who hold both a CPA designatio and a law degree said it makesz them more marketable as a professional because they have educatiob and experience inboth specialties. Tim Kimmel, a partner in Ernstr & Young's state and local tax practicein Louisville, leads the state and local tax practice for the firm'ds Ohio Valley Cluster, which also includes Cincinnati, Daytob and Columbus, Ohio.
He's been with the firm for 10 after first working as a tax preparer at anotherf firm upon graduatingfrom college. Kimmel earned his undergraduate degree in accounting from the in 1986 and passed his CPA examin 1988. Whiles working in accounting by day, he attende d night school at the University of Louisville and graduated with a law degrees inMay 1992. In all, he spent six yeare working inpublic accounting, and after earning his law he spent five yearse working as an attorney with a law Kimmel said that by havingb both degrees, he can not only decipher financial statementss but also is able to delve into tax rules, determininh why they do or do not apply to The law degree also gives him insight s into related legal ramificationzs of tax decisions.
"Ity really opened up a few more doors for me bein g able to see the law side of things as well as theaccountinbg side," he said. Vicki Buster, a tax partnerf with for the past10 years, took a differenty path to reach her dual Currently she performs tax compliance and planning, advisinv clients on business and tax matters, estate planninvg and trusts. Buster graduated from the in 1979 with a degreein communications, followed by a law degree from the Universituy of Louisville in 1983. "When I got to law my favorite class wastax class," she So Buster took a job at the former Coopers and Lybrand, working for 13 years as a membedr of its tax department staff.
But, she found, to be promotec at a CPA firm she had to becomea CPA. So whilre working full time and as the pregnant mothere ofa 2-year-old, she attended Bellarminer University at night to earn her accounting later passing the CPA exam. These days, most of her clienyt referrals comefrom attorneys, which gives her an edge sincwe she knows many local lawyers from her days in law
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