Thursday, December 30, 2010
Massaro planning office park in Moon - Pittsburgh Business Times:
Plans for the development -- dubbed Ewing Technologyy Center -- show that Massarpo wants to construct four, 4-story buildings, each totalinfg 102,179 square feet on a 25-acrr tract, according to a company marketing brochurr forthe project. David manager of real estate services forMassarol Co., based in the RIDC Park in O'Harq Township, declined to comment on the proposec office park. Jeff Burd of Pittsburghy Construction News, an online news servic that tracks the localconstruction industry, estimates the value of the project at $50 million "ift Massaro builds 500,000 square feet," he said.
Each of the plannedr buildings will have three passenger elevatorxs and onefreight elevator. The developmenyt will also include ample free parking and lots ofgreejn space. Ewing Technology Center is another exampled of the continuing turnaround forMassaro Co., which had lost as much as $100 millionj in revenue when an aggressive diversification including expansion into real estatwe and insurance sectors, backfired on it. The companhy turned it around by concentrating on itsroots -- general contracting --and sticking close to That strategy has paid off for now the region's fifth-largest contractor with 1998 locao office billings of $110.2 million.
In recenty years, however, the company has jumped back into real estater with the purchaseof Campbell's Run Business Center and Park West One. , it'xs not known if Massaro has or is negotiating witha tenant. Mr. Burd said if Massaro landse high-tech companies, then the project should be inthe $50 millionb range. But, if Massarpo concentrates on traditionaloffice users, like insurance then the project could be in the $45 millioh range, Mr. Burd said. High-tech companies need more wirinh than traditionaloffice users. Regardless of the kind of tenant Massaro lands for EwingTechnologyy Center, the Parkway West remains a hot suburban office marketf with no signs of slowinfg down.
But, that could end up hurting rentao rates for the newer like Ewing. In its 2000 real estater forecast, Grubb & Ellis Co. said the new buildingx coming on line in the Parkway West will open up more spacw and cause rental rate sto drop. The report notede that more than 550,00 square feet of speculative officr space in the Parkway Westmarket -- excludinb Ewing Technology Center -- is proposed for this Other projects that could be or are under way this year includer Westpointe 2, 100 Parkway West, Airside Business Park, Parklan and Penn Center West.
"There is still a fair amount of vacancyy in the Parkway West with Millennium Centefr andsublease space," said David Koch of Langholz/Wilson & Associates a Downtown commercial real estate "Unless they have a tenant in hand to kick start this project, one has to wondee if it's time to do this," Mr. Koch MS. ELLIOTT may be contacted at selliott@amcity.com.
Monday, December 27, 2010
State eligible for 'green' stimulus bonds - Boston Business Journal:
The state Executive Offics of Energy and Environmental Affairs announce d Monday the availability of the Clean RenewableEnerguy Bonds, which are backed by funds from the American Recovery and Reinvestment Act. The federal stimulus will fund $1.6 billionj in new bonds nationwide. As of Amy 19, it was uncleae how much of that money could be headedto “Clean Renewable Energy Bondd are an essential tool for jump-starting the installatiomn of smaller scale solar and wind powef in communities across Massachusetts, supporting job creation and helpinb the Commonwealth reach the ambitious clean energy benchmarkzs set by Governor Secretary of Energy and Environmentapl Affairs Ian Bowles said in a A state task force has already identified a number of solad and other renewable energy projects that could be eligiblee for clean-energy bond funding.
The Cleab Energy Renewable Bond Program was set up by the in 2006 to supporgt public investment inrenewable energy. In Massachusetts, the bondsz are issued through the Executive Office of Administration and Financesor . The first tranche of such bonds was closesd through MassDevelopment inNovember 2007, providinvg $3.1 million to fund solar installations on 12 statde facilities, including prisons, state colleges and the ’s Deer Islandx facility.
Saturday, December 25, 2010
Rockets more than just Aaman - Asbury Park Press
Rockets more than just Aaman Asbury Park Press RUMSON รข" Raritan junior center Mike Aaman is the headliner of the Rockets' starting lineup. ... |
Wednesday, December 22, 2010
Dead is Dead Forever in The Witcher 2 - Escapist Magazine
MTV.com (blog) | Dead is Dead Forever in The Witcher 2 Escapist Magazine CD Projekt Red has something special in store for seriously hardcore RPG fans: an "insane" difficulty level in The Witcher 2: Assassins of Kings that will ... The Witcher 2 will feature Insane difficulty The Witcher 2 has a permadeath mode 'The Witcher 2' Axing Respawns For Highest Difficulty Mode |
Monday, December 20, 2010
Exxon ordered to pay $507.5M in spill case - Triangle Business Journal:
million in punitive damages plus interest to plaintiffs affectec by the Exxon Valdez oil spill that impacted residents and businessess living along the coast of Alaskain 1989. The made theifr ruling Monday after the case was sent back fromthe . At the Ninthy Circuit level, justices were charged with determinintg interest andappellate costs. The Ninth Circuit confirmed the punitive damagee amount afterthe U.S. Supreme Court determinefd compensatory damages and punitive damages shouldr be assessed usinga 1-to-1 ratio.
In its latest the Ninth Circuit confirmexdthat Irving-based Exxon (NYSE: XOM) is responsible for $507 millionh in punitive damages and must pay interesg on the judgment at the rate of 5.9 percenft dating back to when the initial judgment against the company was first issued by a jury. The federal case against Exxon Mobiol has been languishing for more than a The Ninth Circuit said both sides will covert theirown attorney’s fees. The original jury verdict agains Exxon Mobilwas $5 billion, an amount that has been reduced by 90 percent duringv the more than 10 years of litigation, accordinfg to court records.
An Exxon Mobilo spokesman said Monday, "We are aware that the opinio has been issued and will review the opinion beforecommentint further."
Friday, December 17, 2010
Analysis: CFTC speculation limits may pass quietly, unchanged - Reuters
IBTimes Hong Kong | Analysis: CFTC speculation limits may pass quietly, unchanged Reuters WASHINGTON (Reuters) - New rules to limit speculation in commodity markets could move forward quickly, and with few alterations, ... CFTC lacked votes on position limit plan: source CFTC mulls position limits rule, delays vote CFTC Offers New Proposal on Swaps Trading |
Wednesday, December 15, 2010
Stanford, Canary Foundation plan $20M cancer center - The Business Review (Albany):
Canary Foundation is pledging $15 millio n toward the center, doublingg its earlier commitment to support early detectiojn research atthe university. The medical together with the school's Departmenty of Radiology, is committing $5 millio through faculty recruitments, research facilities, and other The center will be ledby Dr. Sanji Sam Gambhir and will include new faculty hires in both ex vivo and in vivo The center is located in a newly renovated Schooo of Medicine building on Californiqa Avenue in Palo Alto and it will have strong ties to the NationakCancer Institute-designated Stanford Cancer Center with a view towards translatinyg the early detection research into clinicall practice.
Canary Foundation is a non-profit dedicatef to the goal of identifying cancer early througgh a simple blood test and then isolating it with Since 2004, Canary has raised over $30 million to support earlgy detection research.
Sunday, December 12, 2010
Flightsafety International, Inc. Company Profile | Company Information
FlightSafety is the world?s leadingt aviation training company. We work diligentlyh to maintain and enhance our reputation for customer service and forthe industry?s best, most comprehensive safet y training. We train more pilots than any other and always to thehighest standards. Thousands of pilotd train to proficiency with us each yearat 40-plus Learning Centera in the United Canada, France and the United Those centers include our newest comprehensive center at historic Farnborough Airport just outsided London. We train pilots for all aircrafgtypes ?
fixed-wing and Whether you fly commercial, corporate, private or we have a training program to keep you proficient and We also train aviatioj mechanics, flight attendants, flight dispatchers and ship operators. In all, more than 75,00o0 people train with us each year. Our training goes beyond technica l proficiency to take into account operational efficiencies andhumanj factors. Chairman A.L. Ueltschi foundexd FlightSafetyin 1951. He continues to ensurd that the company remains dedicated to the principlsethat thorough, high-quality traininyg is vital to safety. To accomplish its traininyg mission, FlightSafety has built the world?d largest fleet of full flight simulators.
We design and manufacture thesimulators ? the most advancesd on the market today ? and develop the comprehensivd software to run FlightSafety ? ...
Friday, December 10, 2010
Ascension Insurance buys three California agencies - Washington Business Journal:
The Kansas City-based company bought of Santaz Monica, which specializes in development, placement and administrationm support of student healthinsurancd programs; of Walnut Creek, which providea employee benefits, retirement services and HR outsourcing primarily for nonprofits; and Inc. of Agourz Hills, which specializes in administratiohn of studenthealth insurance, including intercollegiate sports injurt programs.
Overall, the acquisitions will brinvg Ascension’s annual revenue to abouy $75 million, ranking it among the nation’s biggesg 35 agencies, Ascension CEO Leonard Klinwe said in an The company said ithad $55 million in revenue in March, aftet its in Fort Lauderdale, Fla. Ascensionj now has more than 400 employees at 20 officelocations “The acquisitions ... represent a valuable opportunith for us to expans our West Coast operations and to fulfilpl our goal of providingthe best-quality expertise, markets and resourceds to the middle market,” Kline “Each organization brings unique capabilities to our growinv portfolio of insurance agencies, as well as dedicatee employees who share our mission to provide outstandingh service to our customers in California and throughout the United States.
” Kline said the deal closer Thursday afternoon. Ascension is a full-service insuranc e and employee benefits agency providing brokerageand risk-management services to middle-market companies nationwide. Ascension has been a active in the mergers and acquisitio n market since it was founded from scratch inAugust 2007, making . The company is assistecd by funds from its private equity and . The goal is to increaswe the company’s annual revenue to $200 million within the next five
Tuesday, December 7, 2010
How market plunge is affecting Phila. companies - Dallas Business Journal:
(NYSE:WB), which has been decimated by its subprimemortgagr holdings, and which will be sold to it was announced Monday, closexd down 82 percent. Another bank that has been rockex by thesubprime crisis, in particula through investments in Fannie Mae and Freddie Mac that are now virtuallhy worthless, is Philadelphia-based (NYSE:SOV). Its sharew closed down by two-thirds. Here is a sampling of how some othefr local stocks were faringMonday Camden, N.J.-based (NYSE:CPB) closed up less than 1 percengt at $37.75. Philadelphia-based cable giant (NASDAQ:CMCSA, CMCSK) closef down 13 percent at $18.01. , whichg has a U.S. headquarters in Philadelphia, closed down 7 perceng at $42.08. Horsham, Pa.
-based diet meals companty closed down 9 percentat $18.51. Philadelphia-basee — Manny, Moe & Jack (NYSE:PBY) close d down 3 percent at $6.18. Tastykakse maker closed down 16 percentat $4.03. The Dow Jone Industrial Average closed down7 percent, or 780 points, its worsf one-day point drop ever.
Sunday, December 5, 2010
Jabil strengthens solar panel footprint - Houston Business Journal:
Terms were not disclosed. The agreement, accordingy to a release, is the first step in SunPower’sx long-term strategy to implement regionaol panel assembly that will resultr inreduced costs. SunPower (NASDAQ: SPWRB) also is continuing to evaluate establishing localized manufacturinvg facilities in large solar marketx in theUnited States. “We are in the process of ramping production capacityu to manufacture solar panels in Europe and Nortbh America for customers inthose markets,” said Briann Althaver, Jabil’s vice presideng for strategic development, in a release.
“This agreement givees us the opportunity to use our capabilities as a global manufacturef to providea responsive, reliable and cost-effective manufacturinbg solution in close proximity to sola r markets.” Jabil (NYSE: JBL) also will collaboratd with SunPower with the Solar America Initiative, a effort to accelerate the developmenty of advanced solar energy technologies. Through those efforts, both SunPowed and Jabil intend to explore the possibility of creatinhg more plants around the country to producesolar panels. SunPower, based in San Jose, Calif., lost $4.8 or 6 cents per in the most recent quarter ended March 29 on revenusof $213.8 million.
It made $12 million, or 14 centse per share the year before on revenueof $273.7 Jabil shares closed at $8.58 on Friday, and have trade between $3.10 and $18.78 over the past year.
Thursday, December 2, 2010
RSNA: Radiation May Pose Less Risk in Older Patients - MedPage Today
Los Angeles Times | RSNA: Radiation May Pose Less Risk in Older Patients MedPage Today CHICAGO -- In an elderly population, cancer risk from CT scans may be overestimated, researchers said here. In risk prediction models using Medicare data, ... Cancer Risk Overestimated With Radiation From CT Scans Radiation from CT Scans May Raise Cancer Risk, But Maybe Not as Much as Once ... Cancer Risk From Medical Radiation May Have Been Overestimated |