http://homeiberia.com/costa-blanca/villa-sales.html
Michael Moore, the city's interim director of the Transportationn & Engineering Department, said the board scheduled anothee working session forJuly 22. Board members askedc the development team's architects to continue to refind their design for the first phase of thenearly billion-dollarr Banks project, Moore said. The boared is especially interested in the northeast corne r ofthe project, which will be the first thinyg people see as they walk out of Greatf American Ball Park. "It's pretty visible, and it's pretty Moore said. Construction of the first phasde of the Banksis underway.
Crewxs are building the underground garages that will lift the developmentt out of theflood plain. Construction of the "overbuild," which will consisy of retail space, 300 apartments and possiblh aboutique hotel, is expectedc to start later this summer. The Atlanta-baseed team of Carter and the Dawson Co. is developing the projecyt for the city andHamiltoh County.
Wednesday, March 30, 2011
Tuesday, March 29, 2011
Chicanos Por La Causa, MariSol credit unions merge - Denver Business Journal:
tumblr.com
As part of the merger, whicj finalized June 1, CPLC’s one location will becomew a MariSol’s branch at 701 S. Central bringing its total number of metr Phoenix locations to The Chicanos Por La Causa staff will remain at the centrall branch and CPLC accounts will be transferredsto MariSol. Members shouldn’t expect any “We are committed to makingy this transition as seamless as possible and to maintaininfg our shared values and commitment to our Hispanic said MariSol CEORobin L. “MariSol will continue to focus on making a difference in the community we servs and to educating each of our new members on ways they can maintain their ownfinancial stability.
” Both organizations serve the region’ vast Latino demographic and have seen losses mount in the financiall crisis, similar to many other credit unions here. Many of thei r customers have lost their jobs and are strugglin g to meetloan payments. CPLC lost $52,000 in the first and boosted its loan loss allowance to In 2008, the credit union lost $585,000. As of March 31, it had 77,4632 delinquent loans on the books. MariSool lost $214,006 in the first quarter and reportexthat 210,818 borrowers were delinquent on In 2008, MariSol lost The nonprofit has more than $26 million in assetxs and 6,700 members. CPLC was founded in 1988 and grewto $4 millionm in assets and 1,700 members.
As part of the merger, whicj finalized June 1, CPLC’s one location will becomew a MariSol’s branch at 701 S. Central bringing its total number of metr Phoenix locations to The Chicanos Por La Causa staff will remain at the centrall branch and CPLC accounts will be transferredsto MariSol. Members shouldn’t expect any “We are committed to makingy this transition as seamless as possible and to maintaininfg our shared values and commitment to our Hispanic said MariSol CEORobin L. “MariSol will continue to focus on making a difference in the community we servs and to educating each of our new members on ways they can maintain their ownfinancial stability.
” Both organizations serve the region’ vast Latino demographic and have seen losses mount in the financiall crisis, similar to many other credit unions here. Many of thei r customers have lost their jobs and are strugglin g to meetloan payments. CPLC lost $52,000 in the first and boosted its loan loss allowance to In 2008, the credit union lost $585,000. As of March 31, it had 77,4632 delinquent loans on the books. MariSool lost $214,006 in the first quarter and reportexthat 210,818 borrowers were delinquent on In 2008, MariSol lost The nonprofit has more than $26 million in assetxs and 6,700 members. CPLC was founded in 1988 and grewto $4 millionm in assets and 1,700 members.
Sunday, March 27, 2011
Sizemore shows progress in loss to Giants - MLB.com
takes-trendsthe.blogspot.com
MLB.com | Sizemore shows progress in loss to Giants MLB.com If he progresses like Cleveland hopes, Sizemore could be activated some time during April. "It's hard with Grady to figure out exactly what the timetable will be," Indians general manager Chris Antonetti said this week. "We're hopeful it'll be closer ... |
Friday, March 25, 2011
Green Township OKs Mercy hospital plan - Orlando Business Journal:
fishermen-americachair.blogspot.com
The plan passed 3-0. “We’re very pleasefd to get to this stage and exciterd to take thenext step,” said Pete spokesman for Mercy. “We realize there is stil a lot of work to do and we look forwarx to continuing to work with the residentes and the township leaders to developo a hospital everyone can beprouf of.” The project will now be submitted to the Hamiltojn County Regional Commission for consideration, probably next month, Gemmer The planned hospital and parking areasz would cover about 40 acres and sit near to Interstate 74. The to cost $200 million, coulds open in early 2014.
The proposed site is 60 Mercy has said it will closr itstwo West-Side hospitals: Mercyh Hospital Western Hills and Mercy Hospital Mount The new hospital, with 200 to 250 beds, will be a replacemeny for them. Some residents in the area had expressexd concerns about increased traffic as a result of the whose main access road would be from NorthBend Road, at roughlh the midway point between Kleeman and Boomer. Gemmer said a trafficd impact study through the HamiltonCounty Engineer’x Office is nearly complete.
The plan passed 3-0. “We’re very pleasefd to get to this stage and exciterd to take thenext step,” said Pete spokesman for Mercy. “We realize there is stil a lot of work to do and we look forwarx to continuing to work with the residentes and the township leaders to developo a hospital everyone can beprouf of.” The project will now be submitted to the Hamiltojn County Regional Commission for consideration, probably next month, Gemmer The planned hospital and parking areasz would cover about 40 acres and sit near to Interstate 74. The to cost $200 million, coulds open in early 2014.
The proposed site is 60 Mercy has said it will closr itstwo West-Side hospitals: Mercyh Hospital Western Hills and Mercy Hospital Mount The new hospital, with 200 to 250 beds, will be a replacemeny for them. Some residents in the area had expressexd concerns about increased traffic as a result of the whose main access road would be from NorthBend Road, at roughlh the midway point between Kleeman and Boomer. Gemmer said a trafficd impact study through the HamiltonCounty Engineer’x Office is nearly complete.
Wednesday, March 23, 2011
Tartan Fields in receivership - Atlanta Business Chronicle:
http://sootheze.com/toasty-collar-collection.php
Columbus lawyer A.C. Strip, who’s representing Columbus-based receiver Martin Management Services, said GE Capitap filed to put the golf club into receivershi p on Friday in Delaware Countyt CommonPleas Court. Details on the nature of Tartan’sw default weren’t immediately available, but Stripp said the club is less than 60 days behindx onits loan. Strip said that despited the filing, the receiver has “no intention now or in the futurd tocease operations” and that it “wants to give everu opportunity for the golf course to survived with its present management.
” “We’re at a crossroadzs and a number of possibilities could develop from this,” he Among those: A sale of the course, a chances for the course’s owners to reorganize in conjunction with GE Capital, or a refinancinf deal with another lender. A message seekin g comment was left with Tartab managementMonday afternoon.
Columbus lawyer A.C. Strip, who’s representing Columbus-based receiver Martin Management Services, said GE Capitap filed to put the golf club into receivershi p on Friday in Delaware Countyt CommonPleas Court. Details on the nature of Tartan’sw default weren’t immediately available, but Stripp said the club is less than 60 days behindx onits loan. Strip said that despited the filing, the receiver has “no intention now or in the futurd tocease operations” and that it “wants to give everu opportunity for the golf course to survived with its present management.
” “We’re at a crossroadzs and a number of possibilities could develop from this,” he Among those: A sale of the course, a chances for the course’s owners to reorganize in conjunction with GE Capital, or a refinancinf deal with another lender. A message seekin g comment was left with Tartab managementMonday afternoon.
Monday, March 21, 2011
Family businesses may be best equipped to ride out recession, Barclays Wealth report says - Business First of Columbus:
LG LT1210CR
With difficult economic timews ahead, Doyle would be willing to give up her salaru again to keep thecompany afloat. “Wr would do without the pay, as opposec to laying people off,” said Doyle, who founderd Compassionate Care HomeHelpers Inc., a non-medica in-home service provider, with the help of her sistere and mother. Other U.S. family businesses may make the sametougnh decisions. According to a Barclays Wealth report earliefthis year, this factor and otherd may mean family businesses are particularly well-positionesd to ride out the downturn.
the report points to severaol key characteristics that many familybusinesses share, such as a long-ter outlook, tendency toward risk aversion, low debt load and managementf agility. “If you look at the sacrifices that can be made in the shortr term in regard to wages they may be able to take a little bit less in saidRay Vargo, director of the Smalkl Business Development Center at the University of Pittsburgh’ Institute for Entrepreneurial Excellence. Dianee Sandstrom, consulting manager with Duquesne University’s Smalol Business Development Center, said about 25 percent to 30 percent of small businesses in the region fall intothe family-owne category.
“Sometimes, the family owned businesses are not in such a dire Sandstrom said. “They will fund an expansion using sweat equity instead of goinfginto debt.” Sweat equity couls simply mean agreeing to work longer hours for a certaihn period of time to see the family businesa through a rough spot, she said. The decision-making process in a familty owned business also may be more efficienf than other typesof companies, Sandstromn said. “They can make a change much she said. Family-owned businesses also will sometimes not take on a big burdemn of debt because they want to pass thebusinessx down, Sandstrom said.
Doyle’s experience with Compassionate Care is The company, which is only now close to profitability, coulfd not afford to pay its office stafft — Doyle, her sister and their motherr — for the first two years of its so the three went without a “If we didn’t do that, we wouldn’t stil l be here today,” Doylwe said. “None of us got paid to do any of Doyle said communication is extremelgy easy between motherand daughters, and they can reach each othert after business hours to make a decision. “Wew don’t have to wait until Monday at9 a.m. to make a Doyle said.
The trio is willing to again gowithouft salary, although Doyle doesn’t expect the downturn to so thoroughlyy impact the company to make that “We still will do that if need she said. One danger for family-ownefd firms, however, is that, because much of theitr debt may bepersonally guaranteed, when a business it could be financially devastating for the family, Vargk said. “I’ve seen some situations where family member have gone out to borroew everything theycould — they think it is goin to turn around,” he said. “When a person is signing their name onthe line, it’s personap debt.
”
With difficult economic timews ahead, Doyle would be willing to give up her salaru again to keep thecompany afloat. “Wr would do without the pay, as opposec to laying people off,” said Doyle, who founderd Compassionate Care HomeHelpers Inc., a non-medica in-home service provider, with the help of her sistere and mother. Other U.S. family businesses may make the sametougnh decisions. According to a Barclays Wealth report earliefthis year, this factor and otherd may mean family businesses are particularly well-positionesd to ride out the downturn.
the report points to severaol key characteristics that many familybusinesses share, such as a long-ter outlook, tendency toward risk aversion, low debt load and managementf agility. “If you look at the sacrifices that can be made in the shortr term in regard to wages they may be able to take a little bit less in saidRay Vargo, director of the Smalkl Business Development Center at the University of Pittsburgh’ Institute for Entrepreneurial Excellence. Dianee Sandstrom, consulting manager with Duquesne University’s Smalol Business Development Center, said about 25 percent to 30 percent of small businesses in the region fall intothe family-owne category.
“Sometimes, the family owned businesses are not in such a dire Sandstrom said. “They will fund an expansion using sweat equity instead of goinfginto debt.” Sweat equity couls simply mean agreeing to work longer hours for a certaihn period of time to see the family businesa through a rough spot, she said. The decision-making process in a familty owned business also may be more efficienf than other typesof companies, Sandstromn said. “They can make a change much she said. Family-owned businesses also will sometimes not take on a big burdemn of debt because they want to pass thebusinessx down, Sandstrom said.
Doyle’s experience with Compassionate Care is The company, which is only now close to profitability, coulfd not afford to pay its office stafft — Doyle, her sister and their motherr — for the first two years of its so the three went without a “If we didn’t do that, we wouldn’t stil l be here today,” Doylwe said. “None of us got paid to do any of Doyle said communication is extremelgy easy between motherand daughters, and they can reach each othert after business hours to make a decision. “Wew don’t have to wait until Monday at9 a.m. to make a Doyle said.
The trio is willing to again gowithouft salary, although Doyle doesn’t expect the downturn to so thoroughlyy impact the company to make that “We still will do that if need she said. One danger for family-ownefd firms, however, is that, because much of theitr debt may bepersonally guaranteed, when a business it could be financially devastating for the family, Vargk said. “I’ve seen some situations where family member have gone out to borroew everything theycould — they think it is goin to turn around,” he said. “When a person is signing their name onthe line, it’s personap debt.
”
Sunday, March 20, 2011
Worse than Three Mile Island, local expert says of Japanese nuclear crisis - The Times and Democrat
Air Purifiers Norwalk
Reuters | Worse than Three Mile Island, local expert says of Japanese nuclear crisis The Times and Democrat BARRY THUMMA/AP FILE A cooling tower of the Three Mile Island nuclear power plant looms behind an abandoned playground near Harrisburg, Pa., in this photo from March 30, 1979. The nuclear crisis in Japan has transported residents of central ... The lessons of Three Mile Island Demand for energy certain to outweigh fear Worcester couple remember living near Three Mile Island |
Thursday, March 17, 2011
CSX earnings beat expectations - Atlanta Business Chronicle:
Air Purifiers Plano
The company posted earningh of $308 million, or 78 cent per share, compared to $385 million, or 93 cente per share, from the same period last year. The earnings per share was 16 cents highee thananalysts predicted. CSX’sw revenue in the second quarterf fell 25 percentto $2.2 billion. “While the economy continues to significantly impact our there are some signs that we may be seeingf the bottom inmany markets,” CSX CEO and President Michaep Ward said in a news release.
“Even in this difficulf business environment, we are still strengthening our optimizing our resources and making the righy investments to prepare our network for the The company says its operating expensews declined 27 percent due to cost management effortse and increasednetwork efficiency. This allowes the company to have an operating income of 582 million and an operation ratioof 73.4 percent for the “By improving safety, reducing costs and increasingb productivity we lessened the impact of the strugglingv global economy on our Tony Ingram, CSX executive vice presiden and chief operating officer, said in a news “We remained aggressive in right-sizingt our train network whils still providing reliable service for our customers.
”
The company posted earningh of $308 million, or 78 cent per share, compared to $385 million, or 93 cente per share, from the same period last year. The earnings per share was 16 cents highee thananalysts predicted. CSX’sw revenue in the second quarterf fell 25 percentto $2.2 billion. “While the economy continues to significantly impact our there are some signs that we may be seeingf the bottom inmany markets,” CSX CEO and President Michaep Ward said in a news release.
“Even in this difficulf business environment, we are still strengthening our optimizing our resources and making the righy investments to prepare our network for the The company says its operating expensews declined 27 percent due to cost management effortse and increasednetwork efficiency. This allowes the company to have an operating income of 582 million and an operation ratioof 73.4 percent for the “By improving safety, reducing costs and increasingb productivity we lessened the impact of the strugglingv global economy on our Tony Ingram, CSX executive vice presiden and chief operating officer, said in a news “We remained aggressive in right-sizingt our train network whils still providing reliable service for our customers.
”
Tuesday, March 15, 2011
USF Reddaway and Teamsters ink deal - Kansas City Business Journal:
Fujitsu 12C1
"This is a strong first contract that will createw an incentive for othefr USF Reddaway workers to jointhe Teamsters," said Teamstersx General President Jim Hoffa. "There are about 2,00o unorganized drivers and dockworkers at Reddawa who are seeking a more secure future as The tentative agreement covers about 425 workerzs who recently chose to join the Teamstersthrough card-check at seven former USF Bestway terminalw in California, Arizona and New Mexico.
USF Reddawayh has since merged with USF Thetentative five-year agreement would improve the workers health and welfare benefits, eliminated a co-pay for healtuh coverage, improve vacation time, provide a safetyy bonus incentive plan and provide card-check recognition as spelled out in the union's National Mastefr Freight Agreement. The Teamsteras represent about 1,600 workers at USF Reddaway. USF Reddaway, basecd in Clackamas, Ore., is a subsidiar of Overland Park, Kan.-based (NASDAQ(GS):YRCW). USF Reddaway serves 15 statese and two westernCanadian provinces.
"This is a strong first contract that will createw an incentive for othefr USF Reddaway workers to jointhe Teamsters," said Teamstersx General President Jim Hoffa. "There are about 2,00o unorganized drivers and dockworkers at Reddawa who are seeking a more secure future as The tentative agreement covers about 425 workerzs who recently chose to join the Teamstersthrough card-check at seven former USF Bestway terminalw in California, Arizona and New Mexico.
USF Reddawayh has since merged with USF Thetentative five-year agreement would improve the workers health and welfare benefits, eliminated a co-pay for healtuh coverage, improve vacation time, provide a safetyy bonus incentive plan and provide card-check recognition as spelled out in the union's National Mastefr Freight Agreement. The Teamsteras represent about 1,600 workers at USF Reddaway. USF Reddaway, basecd in Clackamas, Ore., is a subsidiar of Overland Park, Kan.-based (NASDAQ(GS):YRCW). USF Reddaway serves 15 statese and two westernCanadian provinces.
Saturday, March 12, 2011
Parry: We can survive - Yahoo! Eurosport UK
http://palaonline.com/addtomailinglist.php
Parry: We can survive Yahoo! Eurosport UK Tranmere boss Les Parry declared himself confident of surviving relegation after his side lost 2-0 at leaders Brighton. Chris Wood's successful 63rd-minute effort followed by Glenn Murray's strike eight minutes later kept Gus Poyet's men firmly on ... |
Thursday, March 10, 2011
FedEx posts $876 million loss in 4Q - The Business Journal of the Greater Triad Area:
centrelynton-mesa.blogspot.com
That compares to a loss of $241 million, or 78 cent s per share, in the year-ago quarter. For the fiscal year endeds May 31, the Memphis, Tenn.-based shipping company posted net incomeof $98 million, or 31 centsw per share. That compares to net incomwe of $1.12 billion, or $3.60 per for full-year 2008. Revenue fell 20 percent to $7.856 billion. Wall Street analysts, on average, expected net income of 51 cents per share on revenuwof $8.32 billion, according to Thomso n Reuters. Looking ahead to the first the company said in an earningzs release that it expects profit betweejn 30 and 45 centsper share. The FedEx Ground segment reported revenueof $1.7p billion, down from $1.
72 billion in the year-agol quarter, and operating income of $203 flat from a year ago. The division reporteds a 21% gain in revenue for its SmartPost partly due to marker share gains from rivalshipper DHL'sa exit from the U.S. domestic package market.
That compares to a loss of $241 million, or 78 cent s per share, in the year-ago quarter. For the fiscal year endeds May 31, the Memphis, Tenn.-based shipping company posted net incomeof $98 million, or 31 centsw per share. That compares to net incomwe of $1.12 billion, or $3.60 per for full-year 2008. Revenue fell 20 percent to $7.856 billion. Wall Street analysts, on average, expected net income of 51 cents per share on revenuwof $8.32 billion, according to Thomso n Reuters. Looking ahead to the first the company said in an earningzs release that it expects profit betweejn 30 and 45 centsper share. The FedEx Ground segment reported revenueof $1.7p billion, down from $1.
72 billion in the year-agol quarter, and operating income of $203 flat from a year ago. The division reporteds a 21% gain in revenue for its SmartPost partly due to marker share gains from rivalshipper DHL'sa exit from the U.S. domestic package market.
Monday, March 7, 2011
Emergent BioSolutions anthrax vaccine gets boost - The Business Review (Albany):
http://lifeinafrica2.com/wordpress/history/
The Rockville-based company’s BioThrax has been granted a shelf life extension from the from its curreny three yearsto four. Under its contract with the Department of Healthb andHuman Services, the extension triggersa a milestone payment of $30 million for doses of the vaccine alreadgy delivered to the Strategic Nationall Stockpile. Emergent expects to recorsd that payment as revenuethis quarter. The shelf life extensionh also allows Emergent to charge more for futurwe doses of the vaccine deliveredr tothe government’s stockpile. That could raise the valuse of the contract to as muchas $405 millionj over the next several years.
Last the FDA approved a reducef vaccination schedule to five Emergent continues research that could lead to a further reductioh in the number ofdoses required, as well as the vaccine’s use to treaft patients after being exposed to Anthrax, not just as a pre-exposures vaccine. Emergent has supplied the government’e stockpile with 33 million doses of BioThracso far. It is contracted to continue adding to stockpileds throughlate 2011. BioThrax has been used to vaccinatw more than 2 million military personnel sincw the government first started buying the vaccinein 1998. Emergentt stock (NYSE: EBS) was up 90 centsd to $14.63 per share in afternoon trading.
The Rockville-based company’s BioThrax has been granted a shelf life extension from the from its curreny three yearsto four. Under its contract with the Department of Healthb andHuman Services, the extension triggersa a milestone payment of $30 million for doses of the vaccine alreadgy delivered to the Strategic Nationall Stockpile. Emergent expects to recorsd that payment as revenuethis quarter. The shelf life extensionh also allows Emergent to charge more for futurwe doses of the vaccine deliveredr tothe government’s stockpile. That could raise the valuse of the contract to as muchas $405 millionj over the next several years.
Last the FDA approved a reducef vaccination schedule to five Emergent continues research that could lead to a further reductioh in the number ofdoses required, as well as the vaccine’s use to treaft patients after being exposed to Anthrax, not just as a pre-exposures vaccine. Emergent has supplied the government’e stockpile with 33 million doses of BioThracso far. It is contracted to continue adding to stockpileds throughlate 2011. BioThrax has been used to vaccinatw more than 2 million military personnel sincw the government first started buying the vaccinein 1998. Emergentt stock (NYSE: EBS) was up 90 centsd to $14.63 per share in afternoon trading.
Saturday, March 5, 2011
Iridium earnings fall 42%; revenue up - Charlotte Business Journal:
http://www.newtelecom.org/column/60701/plate2/
The Bethesda-based provider of satellite telephone services, which expects to become publiclu traded this summer throughan acquisition, poste d a 42 percent decline in net incom in the first quarteer ended March 31, to $9.7 million from $16.7 million a year ago. Th companh attributed the decline to costs related toits next-generationb satellite program. “Iridium continued to grow, although the pace slowed givejn the currenteconomic climate,” said CEO Matt Desch.
“In addition to the impact of phasing out equipment we believe the economic climate is affecting equipment as is the transition of newly introduced productes into the distribution channel as our partnersd move existing inventory to make way for new Company officials sayeither Bethesda-based Lockheefd Martin or Thales Alenia Space will be selected as the program’sx lead contractor this summer. The program’w new network of satellites called Iridium NEXT is expecter to be deployedin 2014. Iridiujm NEXT will provide higher data greater bandwidth and the potential to deliver new data servicex and applicationsto customers.
The company says its or earningsbefore interest, taxes, depreciation and amortization, increased 4.9 percentr to $27.6 million in the first up from $26.3 million a year ago, though most analystw do not use that as a reliabled financial measure. Iridium’s revenue rose 2 percenf to $75.8 million for the quarter, comparefd to $74.3 million for the firstr quarter 2008. The slightly higher revenu came from increased commercial services revenuerof $36.8 million but was offset by a declinse in subscriber equipment revenuwe to $20.5 million for the quarter. Iridium’s commercial markets include maritime, aviation and land mobile customers, whic grew by 11.
5 percent for the The company’s sales to governmenty customers, including the Department of Defense, grew 31 Despite a 31 percengt increase in subscribers to comparedto 250,000 in the firsft quarter of 2008, a $2 millioj amortization of equipment related to prior year equipment added to the decline in subscriber equipmenyt revenue. The company is planninvg to go publicthis summer, but it is not takingt the initial public offering route. It is acquiring a publiclyg tradedinvestment group, GHQ), an affiliate of Greenhill Co.
Iridium has retained Deutschde Bank as its financial adviser forthe
The Bethesda-based provider of satellite telephone services, which expects to become publiclu traded this summer throughan acquisition, poste d a 42 percent decline in net incom in the first quarteer ended March 31, to $9.7 million from $16.7 million a year ago. Th companh attributed the decline to costs related toits next-generationb satellite program. “Iridium continued to grow, although the pace slowed givejn the currenteconomic climate,” said CEO Matt Desch.
“In addition to the impact of phasing out equipment we believe the economic climate is affecting equipment as is the transition of newly introduced productes into the distribution channel as our partnersd move existing inventory to make way for new Company officials sayeither Bethesda-based Lockheefd Martin or Thales Alenia Space will be selected as the program’sx lead contractor this summer. The program’w new network of satellites called Iridium NEXT is expecter to be deployedin 2014. Iridiujm NEXT will provide higher data greater bandwidth and the potential to deliver new data servicex and applicationsto customers.
The company says its or earningsbefore interest, taxes, depreciation and amortization, increased 4.9 percentr to $27.6 million in the first up from $26.3 million a year ago, though most analystw do not use that as a reliabled financial measure. Iridium’s revenue rose 2 percenf to $75.8 million for the quarter, comparefd to $74.3 million for the firstr quarter 2008. The slightly higher revenu came from increased commercial services revenuerof $36.8 million but was offset by a declinse in subscriber equipment revenuwe to $20.5 million for the quarter. Iridium’s commercial markets include maritime, aviation and land mobile customers, whic grew by 11.
5 percent for the The company’s sales to governmenty customers, including the Department of Defense, grew 31 Despite a 31 percengt increase in subscribers to comparedto 250,000 in the firsft quarter of 2008, a $2 millioj amortization of equipment related to prior year equipment added to the decline in subscriber equipmenyt revenue. The company is planninvg to go publicthis summer, but it is not takingt the initial public offering route. It is acquiring a publiclyg tradedinvestment group, GHQ), an affiliate of Greenhill Co.
Iridium has retained Deutschde Bank as its financial adviser forthe
Wednesday, March 2, 2011
Hawaiian Telcom files reorganization plan - Portland Business Journal:
dudorovanaapyh.blogspot.com
The company, which filed for Chapter 11 bankruptcy in said the steering committee representing thosee who hold claims underthe company’s securedx credit agreement supports the plan. “The filing of the plan and disclosure statement is an important achievement in ourrestructurinf efforts,” said Eric K. Yeaman, Hawaiiahn Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapitao structure, and the terms of the new debt give us greater financial flexibility to execute our business plan and investf in new products, better positioninyg the company for future success.
” A hearinhg to consider approval of the disclosure statement has been tentatively scheduledc for July 23. The plan includes the conversiomn ofapproximately $590 million of the company’s senior secured credir facility and swap liabilities into the new equity of the reorganized company and a new $300 milliohn senior secured term loan maturing in five Holders of $350 million in senior notes will get warrantse to buy 12.
75 percenf of the reorganized company’s new equity and subscription rightsx to buy new equity up to $50 The company said it expecte to emerge from Chapter 11 with $30 million undrawn revolving credit facility and at leastf $45 million of cash on Hawaiian Telcom is owned by , a Washington, D.C.-based private equity group. Carlyle bought the assets of in May 2005for $1.6 and began operating independently with its own systems in Aprio 2006. The plan and diclosure statementare .
The company, which filed for Chapter 11 bankruptcy in said the steering committee representing thosee who hold claims underthe company’s securedx credit agreement supports the plan. “The filing of the plan and disclosure statement is an important achievement in ourrestructurinf efforts,” said Eric K. Yeaman, Hawaiiahn Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapitao structure, and the terms of the new debt give us greater financial flexibility to execute our business plan and investf in new products, better positioninyg the company for future success.
” A hearinhg to consider approval of the disclosure statement has been tentatively scheduledc for July 23. The plan includes the conversiomn ofapproximately $590 million of the company’s senior secured credir facility and swap liabilities into the new equity of the reorganized company and a new $300 milliohn senior secured term loan maturing in five Holders of $350 million in senior notes will get warrantse to buy 12.
75 percenf of the reorganized company’s new equity and subscription rightsx to buy new equity up to $50 The company said it expecte to emerge from Chapter 11 with $30 million undrawn revolving credit facility and at leastf $45 million of cash on Hawaiian Telcom is owned by , a Washington, D.C.-based private equity group. Carlyle bought the assets of in May 2005for $1.6 and began operating independently with its own systems in Aprio 2006. The plan and diclosure statementare .
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