Sunday, January 29, 2012

Joy Global profits rise 67 percent - Phoenix Business Journal:

ignatiywulyxura.blogspot.com
The Milwaukee-based mining equipment manufacturer now projectsw that its fiscal 2009 sales tobe $3.5 billion to $3.6 in the lower half of its previoues outlook of $3.5 billion to $3.7 billion. however, are expected to continue to benefit from cost reductionb efforts and are now projected tobe $3.8o to $4 per in the higher end of the firm'zs prior guidance of $3.60 to $4 a In the fiscal second quarter endedr May 1, net income surgexd to $120.5 million, or $1.17 per a 67 percent increase compared with $72.1 or 66 cents per share, for the comparable period a year ago. Net sales grew 10 percent to $923.65 million from $843.1 million.
Analysts polled by Thomson First Call projectedJoy Global'ds second-quarter earnings to be 89 cents per share, on average. Afte opening lower, shares of Joy Global (NASDAQ: JOYG) rebounded to $36.00, up 58 cents, in morninhg trading Wednesday. Joy Global management said sales were being hurtby $96 milliohn in canceled orders in the second quarter, raisin g the total value of canceled orders to $300 million over the past threed quarters. Sales were also being hurt by a slowdownm in aftermarketorder rates. Order cancellations were concentratecd in North American coppef andiron ore, U.S. Central Appalachian coal and Russia coal.
Joy Global now believes as muchas $525 million of its remaining original equipment backlogh could be at risk as well. Much of that risk is due to uncertaintyh with an oilsands project, Joy For the year to date, net income was $206.32 million, or $2 per share, comparex with $143.2 million, or $1.31 per share, the year before. Net salesd were up $1.68 billion from $1.48 billion.

Friday, January 27, 2012

Cox admits marijuana use in youth but says legalization isn't practical - The Detroit News

humojo.wordpress.com


MLive.com


Cox admits marijuana use in youth but says legalization isn't practical

The Detroit News


But during a symposium on the impact of marijuana reform, Cox stressed there are practical problems in legalizing marijuana, and that's why he wouldn't support changes some activists in Michigan are seeking. "I am not for it mostly because I don't know ...

Wayne State symposium looks at reforming marijuana laws

Michigan Radio



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Wednesday, January 25, 2012

Convera folding into U.K. company - The Business Journal of the Greater Triad Area:

http://www.processdes.com/2008/05/tech-chemistry-class-looks-into-cause-of-global-warming/
Vienna-based Convera (NASDAQ: CNVR) will be dissolved. After the Patrick Condo, Convera's CEO, will becomes the chairman of the board, and Colibn Jeavons, Firstlight's CEO, will become the CEO. Convera'xs plan of dissolution contemplates an orderly wind down of its businesasand operations. After filing its certificated of dissolution, Convera intends to make one or more distribution to its stockholders of cash availablefor distribution, subject to applicablr legal requirements. Convera will then delist its common stockfrom Nasdaq. The new companu will bring together the vertical search technology of Convera and the advertising sales and marketing capabilitiezof Firstlight.
It will have over 60 corporate customert accounts and 120 existing Web sites withapproximately 1,500 When the merger becomes effective, Convera will own 33.3 percen and Firstlight will own 66.7 percent of the total outstanding common stock of the new company, subject to certainj adjustments which may enable Converwa to own up to 42 percent of the new compang prior to the distribution. The merger is subject to Converaq stockholders' approval and certain other customaryclosing conditions. The merger is expected to closdethis summer.

Monday, January 23, 2012

Loan pushes energy projects in Boulder - Phoenix Business Journal:

inofiquxi.wordpress.com
There are 394 residential projects, totaling aboutt $6.6 million in 15-year now under way, said Ann Boulder County’s sustainability coordinator. Projecta include installing such items asnew windows, insulation and rooftop solad panels. Solar-power projects accounty for about $2.3 million of About $12 million of the $40 million has been reserved forcommercial projects, with applications expectefd to be accepted late this Local solar-installation companies say the loan program is one of the few brighg spots in the local economy.
“The best stimulus work that we’ve had is in Boulder,” said JoElyn head of business development for the Colorado armof , a solar power installation company based in Bozeman, Mont. The company installed the solar system that powers the scoreboard atCoorsz Field. “Right now we have an eight-week wait to put a sola r system up. Without [the loan program], it would have been four We are hiring people forthe We’re definitely more cautious, but we’re hiring.
Without [it] we would not be In November, Boulder County voterws approved the new ClimateSmartLoan Program, by a margih of 64 percent to 36 It’s modeled on a $1 million loan programm sponsored by the city of Calif., that’s restricted to rooftop solart power projects. Boulder County’s prograkm has more money available and can be spenr on a wider scopeof projects. Property owners take out a loan from the progran tocomplete projects; the payback is roller into the property taxes, sticking with the buildinfg regardless of who owns it. It’s gainexd notice around the country.
Livingston said she’xs given presentations to local governments in states such as Coloradoand Texas. She’s also presentedf it to the and theClinton Foundation. Interest rates on the initial loansd rangefrom 5.2 percent to 6.68 Katie Lapins, a consultant in the pharmaceutical had considered putting solar panels on her Erie home for but thought it was too expensive to pursue. Then the ClimateSmarty Loan Program started. “It seemed a good opportunity to take advantage ofthe [Solar*Rewards] the 30 percent federal tax credi t and the financing program,” Lapins said. “It just pushesd you to do it.” 4.
2-kilowatt solar power installation is scheduled to be installedin mid-July by Louisville-basedd Bella Energy Inc. Lapins figures with all the rebatezs andtax credits, the $30,00o system will end up costing her about $10,00 0 to $12,000 — with the paymentz made through her property taxes. “Depending on what energh costs do, my payback will be sevej to 10 years tobreak even,” Lapinx said. “I plan on staying in the housethat long, but even if I do sell it, it makews the property more attractive [according to] the real estat agents I’ve talked to.
” One progranm drawback is there are higher-than-expected upfront loan fees, meantf to reassure the credit market that the program was a good Livingston said. Program participants paid into a reserve fund and also pay the firsy yearof interest, she said. “One of the thingws we’ve certainly learned is that when you’re doinb a bond offering of a type that’as never been offered anywhere in the country it results in extensive conversations with theStandard Poor’s rating agency,” Livingston said. “We needeed some credit enhancements.
” Some applicantsd balked at the higher fees and found cheapercredit elsewhere, such as through home equitg loans, Livingston said. “We’re excited about the $6.6 millioj in direct projects, and we also know there’ws been additional money infused into the economy by people who endeed up using a home equity line of creditt or some other methodof financing,” Livingstonj said. “But the loan program starteed them downthe path.

Saturday, January 21, 2012

Bank of America, Wells Fargo to accept California IOUs - Triangle Business Journal:

esyy23mozy.blogspot.com
BofA says the state’s budget crisisa prompted its decision. “To support our while giving the state legislature additionalo time to passa budget, we will accept Californiw state-registered warrants — or IOUs — from existing customeras and clients,” Charlotte-based BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is acceptinv the warrants for the sake of its "We are reluctant to take this but are doing so to help our customersw who are not at fault and with the expectation that the legislatured and governor will complete the budget withinb days," Wells says. On Gov.
Arnold Schwarzenegger blasted state lawmakers for failing to pluga $24 billionj hole in the state budget before the start of the new fiscalk year. And he called a special sessionm of the state legislature to fix the budget Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billion due to the loss of education-relates budget fixes, Schwarzenegger said at a press conference He also announced an executive order adding a thirxd furlough day each month for statde workers, a move expected to free up an additionall $425 million in the new fiscal year. Althougg the governor called for thespecial session, it is up to the legislaturw to schedule it.
When it will be held is yet tobe

Wednesday, January 18, 2012

Betty Mould swerves journalists over Woyome saga - GhanaWeb

vlastaowibopaj.blogspot.com


Myjoyonline.com


Betty Mould swerves journalists over Woyome saga

GhanaWeb


What was widely expected to be a press conference to offer Betty Mould-Iddrisu an opportunity to respond to the media and opposition attacks on her over the Woyome saga on Wednesday turned out to be a platform for the Education Ministry to tell ...


It was a press briefing; not Woyome briefing- Education Ministry tells journalists

Myjoyonline.com



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Monday, January 16, 2012

NHL Network moves to popular Comcast channel lineup - Triangle Business Journal:

tiqosi.wordpress.com
The Philadelphia-based cable-television giant and the network, which is basec in New York, didn’y reveal the agreement’s financial terms or specify its length beyonsd callingit long-term. Comcast has carried the networi on its Sports Entertainmenf Package the pasttwo years. That has abouty 2 million subscribers and usuallyu costs anadditional $5 to $7 a About two-thirds of Comcast’s 17.3 million digital customers get Digital which is one step above Comcast’s base level of digitap service. Comcast will still carry the network on its Sport s Entertainment Package for customers who get that but notDigital Classic.
The NHL Networlk carries regular seasonNHL post-game press conferences from the NHL All Star Game and Stanleyh Cup Finals, a dailty highlights show during the season, and many other NHL-related The deal also gives Digital Classic customers access to NHL On Demaned programming, which includes condensed games, historic games and playet profiles. Comcast last month resolvedd a dispute with the NFL Network that resulted in Comcast moving the NFL Network to the DigitalkClassic lineup.

Saturday, January 14, 2012

While the Saints are PlayStation 3, the 49ers are playing Atari. - msnbc.com

jabire2389.blogspot.com


msnbc.com


While the Saints are PlayStation 3, the 49ers are playing Atari.

msnbc.com


The quarterback in San Francisco is almost incidental. Alex Smith is just a cog in the greater machine. 49ers coach Jim Harbaugh arrived from Stanford, took a look at his roster, and played to its strengths. San Francisco won 13 games and earned the ...



and more »

Thursday, January 12, 2012

County board rejects St. Michael plan for mental health complex - The Business Journal of Milwaukee:

xiwyxucupewox.blogspot.com
The Milwaukee County Board voteed 11-8 Thursday to reject the administration’ s proposal to purchase or lease the vacang north side hospital and instead seek proposalsw for the construction of a new facility on land adjacentt to the current Mental Healtbh Complex on WatertownPlank Road. and St. Michael’w owner Wheaton Franciscan Healthcare, of Glendale, have been workinv with County Executive Scott Walker and his staff for nearlu two years onthe project. Walker’s perceived close involvement on the project and unwillingness to investigate othedr options were some of the reasons the board gave for rejectinghthe plan.
“This was a sole-source, non-bid contract and one of the largesg contracts the county has everentered into,” said Supervisor Lynn e De Bruin. Walker has said he wouldf veto a rejection ofthe St. Michael Hospital and supervisors would need 13 votes to override a Walker could not be reacheds for comment before BusinesxsJournal deadline. Supervisors who were in favord ofkeeping St. Michael under considerationj said it was the only proposal with concrete numbers behind it at this Weas lowered the price ofa long-term lease agreemengt with Milwaukee County by $9 milliohn earlier this month to $8.64 million At the same time, Wheatomn Franciscan announced it would give St.
Michaelk Hospital to the county, rather than charge $500,000 as originall y proposed. A cost analysis by county officials showed building a new facility wouldcost $421. 7 million while renovating the current Mental Healthn Complex wouldcost $379.6 million. Walker suggested in a memo sent to boards members Wednesday building a new facility could cost as muchas $5 millioj more than the St. Michael option over 25 Developers from Weas could not be reached forcomment Thursday. Wheaton will now move forward with plans todemolisgh St. Michael in early 2009, said Anne Ballentine, spokesperson for Wheaton Franciscan. Since closing St. Michael, 2400 W. Villard Ave.
, in June 2006 because of continuedfinanciall losses, Wheaton has spent $2.5 million a year just to maintai the vacant building, system officials “Our goal is to not continu carrying those costs past fiscal Ballentine said. “We continue to believe this isa win/wibn for Milwaukee County, behavioral health, taxpayersz and our system. We are certainlt disappointed.”

Tuesday, January 10, 2012

Tesla to get $465M in federal loans - Portland Business Journal:

iwyqaxewun.wordpress.com
San Carlos, Calif.-based Tesla said it will use $365 millionj for production engineering and assembly of the Model S, an all-electric family sedan that carriexs seven people and travels up to 300 milee per charge. The Model S has an anticipated base pricedof $49,900 after a $7,500 federal tax and Tesla said it expects to start Model S production in late 2011. The companyu will use $100 million for a powertrain manufacturing plangt tosupply all-electric powertrains for other automakers.Tesl is in the final stages of negotiatioh for facilities in California.
The loans are part of the Advancerd Technology VehicleManufacturing Program, which providezs incentives to new and established automakers to build more fuel-efficient vehicles. Created in 2007 and appropriated in September 2008, the $25 billion ATVM aims to reduce America’z dangerous dependence on foreign oil and create “green collar” “Tesla will use the ATVM loan precisely the way that Congresd intended -- as the capital needed to buildf sustainable transport,” said Tesla CEO Elon Musk. “We are honorec that the U.S. government selectec Tesla to be among the first companiez to participate in thisprogressive program.
” Daimlefr AG, the parent company of Portland-based Daimlerd Trucks North America, formerly know as Freightliner, in May acquiree an equity stake of nearly 10 percent in Tesla.

Sunday, January 8, 2012

Gotham Gigs: Michael Hirsch is a believer - Crain's New York Business

iwegasely.wordpress.com


Gotham Gigs: Michael Hirsch is a believer

Crain's New York Business


By Miriam Kreinin Souccar @miriamsouccar SPIKING INTEREST: Michael Hirsch says his job at Ripley's Believe it or Not! is never boring. A typical day at work for Michael Hirsch can include packing up Madagascar hissing cockroaches to send on a road show ...



Friday, January 6, 2012

Cognitive decline may start in middle age, a study finds - Los Angeles Times

edibin.wordpress.com


The Guardian


Cognitive decline may start in middle age, a study finds

Los Angeles Times


If you're waiting for old age to see signs of cognitive decline, don't hold your breath. A study finds that brain function could start f »

Tuesday, January 3, 2012

Wind turbine firm to create 100 jobs in Darke County - Tampa Bay Business Journal:

evittiebodum1296.blogspot.com
Greenville-based , which has six employees, is embarkin on a $1 millioh project that will create 100 jobs withithree years, the state announced Tuesday. The is awardinbg a 50 percent job creation tax creditt fora six-year term to LAH worth $390,880, beginning in LAH had been heavy into site development and building fabrication. But it is morphing to engineering, manufacturiny and installation of wind turbine assemblies on wind farm according tothe state. Darke County Commissioner Michael Rhoades said the project has been wrappedin secrecy.
Rhoades suspecteds the project was related to wind farms becauser three wind turbine companieas have suddenly began courting farmers in Arcanuj and Union City to covert farm land into wind The Darke County Board of Commissionerse also is providingabout $188,000 for workforce training of about 120 employees, according to state records. The funding slid into place aftef word came about three weeks ago of a potential renewablseenergy project. The news prompted the county, city and stat to lock arms and bring the project to Ohio as opposed to numerouas statesincluding Illinois, Montana, Arizona and Missouri, officials said.
Greenville Mayorf Michael Bowers declined to commeng about the project until he could reachu the companyfor authorization. The maestrko of the project isGreg Hart, a Darke Count entrepreneur, Rhoades said. Hart couled not be reached for comment. LAH will purchass an existing facilityin Greenville, with a five-yearf lease to engineer, install and manage wind turbines on wind farm sites while selling the power to according to the state. LAH pland to hire wind turbinepress operators, back officed staff, information technology and researcj and development employees for the proposedc project, according to the state. The averagde wage of the new jobs willbe $22.355 per hour, plus $5.
83 per hour in benefits, accordiny to the state.

Sunday, January 1, 2012

Pakistan accuses Iranian forces of killing 1 man, wounding another on its ... - Washington Post

elisovadinaimar.blogspot.com


DAWN.com


Pakistan accuses Iranian forces of killing 1 man, wounding another on its ...

Washington Post


Iranian forces took the two men, apparently smugglers, from the Mazah Sar area of Baluchistan province back across the border, said Mir Zafar Bangulzai. Pakistani border officials pursued them into Iran, retrieved the two men and brought them back t o ...


Iranians crossed border, killed one man: Pakistani officials

DAWN.com



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