89.3 KPCC | Rose Parade Grand Marshal Jane Goodall on conservation 89.3 KPCC The 78-year old stopped by the KPCC studios to talk about her focus on global conservation. On how her view of the world has changed in the five decades since she conducted her research in what is now Tanzania. “[My view of the world] has totally ... < br /> |
Monday, December 31, 2012
Rose Parade Grand Marshal Jane Goodall on conservation - 89.3 KPCC
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Sunday, December 30, 2012
General Mills: 4Q earnings exceed estimates - Boston Business Journal:
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The Golden Valley-based food manufacturer shared preliminary results of the quarter with investors in advance of meetingsz it was having with investords inEurope Monday. General Mills previously said it expectedebetween $3.87 and $3.89 per share, excludingb certain one-time charges. General Mills will repor its complete fourth quarter and year end resultsxJuly 1. In fiscal 2010, Genera l Mills said it’s comfortable with the currenrt Reuters average earnings per shard estimateof $4.15 per share. As for its sale outlook in 2010, the company said expectxs in itslargest segment, the U.S. retailo market, will continue the momentum from the lastfiscal year.
(Through the firsrt nine months offiscal U.S. retail sales were up 10 percent). Sales were booster in 2009 due to but the company said in 2010 its expecting inflation tobe “quitew low” with most of its sales growth coming from an expectedx increase in the volume of goods Also in 2010, General Mills said it expects its International segment to record stronf sales growth. It also said its bakeries and foodservice segmen will see a declinr in sales in 2010 compared to the 2009 in part due tothe company’se divestitures during 2009 of aboutf $150 million in this business segment. In earlyg morning trading Monday, General Mills’ stock GIS) was trading up $2.
09, or 4 to $54.25 per share.
The Golden Valley-based food manufacturer shared preliminary results of the quarter with investors in advance of meetingsz it was having with investords inEurope Monday. General Mills previously said it expectedebetween $3.87 and $3.89 per share, excludingb certain one-time charges. General Mills will repor its complete fourth quarter and year end resultsxJuly 1. In fiscal 2010, Genera l Mills said it’s comfortable with the currenrt Reuters average earnings per shard estimateof $4.15 per share. As for its sale outlook in 2010, the company said expectxs in itslargest segment, the U.S. retailo market, will continue the momentum from the lastfiscal year.
(Through the firsrt nine months offiscal U.S. retail sales were up 10 percent). Sales were booster in 2009 due to but the company said in 2010 its expecting inflation tobe “quitew low” with most of its sales growth coming from an expectedx increase in the volume of goods Also in 2010, General Mills said it expects its International segment to record stronf sales growth. It also said its bakeries and foodservice segmen will see a declinr in sales in 2010 compared to the 2009 in part due tothe company’se divestitures during 2009 of aboutf $150 million in this business segment. In earlyg morning trading Monday, General Mills’ stock GIS) was trading up $2.
09, or 4 to $54.25 per share.
Saturday, December 29, 2012
American to cut 1,600 jobs - Orlando Business Journal:
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American Airlines, a subsidiary of Fort Worth-based AMR (NYSE: AMR), said 1,200 flight attendanyt positions will beimpacted nationwide, along with 300 airport servicesw staff members and 50 cargo servicr positions. Flight attendant cuts will be made on a basizsof seniority. As is customary in most layoffs, American said voluntarh exit packages will be offered to employees who may want toretirr early. Tim Smith, a spokesman for said the layoffs were made in conjunctiom with capacity reductions announced by Americabon Thursday. The positions lost in Orlandop may not allbe "involuntary" jobs lost, with some workerz taking early retirement, Smith The airline employs 245 in Orlando.
In a lette to American employeesreleased Thursday, the company’s senior vice president of humamn resources Jeff Brundage said, “These reductions come as a result of our effortsx to 'right size' our operation and respondr to the weaker demand for travell by reducing our including seasonal changes, and addressingh lower-than-expected attrition.” Brundage in his letter added that the cuts coincided with CEO Gerard Arpey’s announcemeng that the airline will be cutting its capacituy by 7.5 percent due to lower consumerf travel demands.
American Airlines, a subsidiary of Fort Worth-based AMR (NYSE: AMR), said 1,200 flight attendanyt positions will beimpacted nationwide, along with 300 airport servicesw staff members and 50 cargo servicr positions. Flight attendant cuts will be made on a basizsof seniority. As is customary in most layoffs, American said voluntarh exit packages will be offered to employees who may want toretirr early. Tim Smith, a spokesman for said the layoffs were made in conjunctiom with capacity reductions announced by Americabon Thursday. The positions lost in Orlandop may not allbe "involuntary" jobs lost, with some workerz taking early retirement, Smith The airline employs 245 in Orlando.
In a lette to American employeesreleased Thursday, the company’s senior vice president of humamn resources Jeff Brundage said, “These reductions come as a result of our effortsx to 'right size' our operation and respondr to the weaker demand for travell by reducing our including seasonal changes, and addressingh lower-than-expected attrition.” Brundage in his letter added that the cuts coincided with CEO Gerard Arpey’s announcemeng that the airline will be cutting its capacituy by 7.5 percent due to lower consumerf travel demands.
Thursday, December 27, 2012
GM to sell Hummer to Chinese company - St. Louis Business Journal:
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The announcement comes one day after GM with planes to become a leaner Missouri has oneHummerd dealership, in Chesterfield. Jim owner of Lynch said he knew the automaker was working on a deal to sell the brandr but welcomed the news as a way toease fears. “It’s good for business that it some of the apprehension that the bransd may be going away inthe public’ws perception,” he said. The automaker said it has a memoranduj ofunderstanding (MoU) and that the sale is expected to close by the end of thirs quarter of this year. The deal is expectex to secure morethan 3,000 U.S. jobs in engineering and at Hummer dealerships aroundsthe country.
The company said the proposed transaction callsz for the new Hummer ownerr to continue to contract vehicle manufacturing and business servicese from GM during a defined transitional time For example, under the proposedr agreement, GM’s Shreveport, La., assembly plany would continue to assemble the H3 and H3T through at leasty 2010. GM is also trying to sell its Saab and Saturn brands and will phase out itsPontiav brand.
The announcement comes one day after GM with planes to become a leaner Missouri has oneHummerd dealership, in Chesterfield. Jim owner of Lynch said he knew the automaker was working on a deal to sell the brandr but welcomed the news as a way toease fears. “It’s good for business that it some of the apprehension that the bransd may be going away inthe public’ws perception,” he said. The automaker said it has a memoranduj ofunderstanding (MoU) and that the sale is expected to close by the end of thirs quarter of this year. The deal is expectex to secure morethan 3,000 U.S. jobs in engineering and at Hummer dealerships aroundsthe country.
The company said the proposed transaction callsz for the new Hummer ownerr to continue to contract vehicle manufacturing and business servicese from GM during a defined transitional time For example, under the proposedr agreement, GM’s Shreveport, La., assembly plany would continue to assemble the H3 and H3T through at leasty 2010. GM is also trying to sell its Saab and Saturn brands and will phase out itsPontiav brand.
Wednesday, December 26, 2012
Joseph Hamrock Executive Profile
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Previously, from 2003 to 2007, he was senior vice presidenrt and chief information officerin AEP's Shared Services responsible for development and support of AEP'z software applications and operation of AEP's information technology infrastructure. From 2002 to he was senior vicepresident - General Services. Hamrocj joined AEP in 1986 as an electrical engineeer in transmission and distribution planning at Ohio Poweein Steubenville, Ohio, where he also serves in commercial and industrial customer services.
He transferred to Columbus to superviser the commercial marketing and customer servicews staff and has held severalothee positions, including director - strategic development and executive assistant to E. Linn Drapere Jr., AEP's chairman, president and chief executive officer. Hamrocl received a bachelor's degree in electricao engineering in 1985 from Youngstown State Universitty in Ohio anda master'es degree in business administration from the Massachusettzs Institute of Technology in Cambridge, where he was a Sloa n fellow. He is a registered professional engineefin Ohio. **All Executive profile data providedd byDow Jones & Co., Inc.
Previously, from 2003 to 2007, he was senior vice presidenrt and chief information officerin AEP's Shared Services responsible for development and support of AEP'z software applications and operation of AEP's information technology infrastructure. From 2002 to he was senior vicepresident - General Services. Hamrocj joined AEP in 1986 as an electrical engineeer in transmission and distribution planning at Ohio Poweein Steubenville, Ohio, where he also serves in commercial and industrial customer services.
He transferred to Columbus to superviser the commercial marketing and customer servicews staff and has held severalothee positions, including director - strategic development and executive assistant to E. Linn Drapere Jr., AEP's chairman, president and chief executive officer. Hamrocl received a bachelor's degree in electricao engineering in 1985 from Youngstown State Universitty in Ohio anda master'es degree in business administration from the Massachusettzs Institute of Technology in Cambridge, where he was a Sloa n fellow. He is a registered professional engineefin Ohio. **All Executive profile data providedd byDow Jones & Co., Inc.
Tuesday, December 25, 2012
Nonprofits prepare for a share of broadband stimulus funds - Denver Business Journal:
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billion of the American Recoveru and Reinvestment Act allocatecd to provide broadband access to unserved and underserved populationw acrossthe nation, the region’sx nonprofits are scrambling to bring a share to Soutuh Florida. Though the federal government hasn’t decideds the rules for disbursingthe money, advocates have been strategizing for monthsz on ways to bridge the digital divide and increase the region’es competitiveness by completing new projects and expanding existingt ones. But, getting South Florida fully wired won’ft be easy.
With ideas ranging from providinvg free broadband access for disadvantaged students to puttinyg government agencies ona single, high-speerd network and outfitting emergency responders with mobile Wi-Fi, the challenge is to pursude those initiatives most likely to succeed. One existing programm hoping to capitalize on stimulus money isFloridqa LambdaRail, a Tallahassee-based nonprofit cooperative of educationh and research organizations that share a broadbans connection, which allows them to save money. , , , and use the ultra-fastf LambdaRail, but the cooperative is lookinhg to expand its services to benefit otherfnonprofit agencies, CEO Phil Halstead said.
Ther e are too many unserved or underserved people in he said, noting many institutions could streamline costs and increas e speed by using “The state is seeking a Halstead said. “We’re trying to create an Eisenhower interstatde systemfor broadband.” To that end, LambdaRail is to host a “broadbandd summit” at FAU on June 16. The summit will bring togethetr technology chiefs to study ways to expand use ofthe LambdaRail. Questions of how to get stimulux money and what to do with it will loom larg overthe summit, Halstead said. The $7.2 billion up for grabw for broadband will be split betweebthe U.S. ($4.7 billion) and the ($2.5 said Linda Fuchs, Gov.
Charlie Crist’s deputy coordinator for stimulus The Agriculture funds are supposed to targegtrural populations, while the Commerce money will be a littlew more flexible. Even so, Fuchs cautioned that the federapl government is still decidinv how to distributethe money. It is unknow whether funds will go througthe states, as is the case with transportationn stimulus money, or directly to local And, unlike the transportation funds, broadband moneh will be doled out competitively. In otheer words, South Florida may not see a Fuchs said. To maximize their each county has a nonprofit agencymakingv plans.
The Miami-Dade Broadband Coalition developed a workinhg proposalin December, said Kim Marcille, chairwoman of the coalition’se interim executive committee. There was abourt $200 million worth of need she said. One idea under consideration is to expandElevate Miami, a city of Miami program that targets the county’s underserved. Another possibility is providinv low- or no-cost broadband access for the homesz ofdisadvantaged children. The coalition would also like to creatsa “telemedicine network” in county schools, allowing doctora to examine students through video conferencing, Marcillse said.
In Broward, county organizations could reduce waste by consolidatiny on a sharedbroadband pipe, insteaxd of paying for servicex separately, said Phyllis Schiffer-Simon, president of OneBroward, a nonprofiyt digital advocacy group. “We’d be creatinh our own network.” OneBroward’s workintg proposals would costabout $25 million, Schiffer-Simon said. Chuck project manager for the Palm Beach Broadband said the county could use stimulus money to providwfree Wi-Fi access to the homes of disadvantaged students.
Another idea is to link governmeny and nonprofit agencies in rural areas to acentralp network, such as the “We can provide them with dramaticallyg increased bandwidth over what they currentlh have at about one-third the he said.
billion of the American Recoveru and Reinvestment Act allocatecd to provide broadband access to unserved and underserved populationw acrossthe nation, the region’sx nonprofits are scrambling to bring a share to Soutuh Florida. Though the federal government hasn’t decideds the rules for disbursingthe money, advocates have been strategizing for monthsz on ways to bridge the digital divide and increase the region’es competitiveness by completing new projects and expanding existingt ones. But, getting South Florida fully wired won’ft be easy.
With ideas ranging from providinvg free broadband access for disadvantaged students to puttinyg government agencies ona single, high-speerd network and outfitting emergency responders with mobile Wi-Fi, the challenge is to pursude those initiatives most likely to succeed. One existing programm hoping to capitalize on stimulus money isFloridqa LambdaRail, a Tallahassee-based nonprofit cooperative of educationh and research organizations that share a broadbans connection, which allows them to save money. , , , and use the ultra-fastf LambdaRail, but the cooperative is lookinhg to expand its services to benefit otherfnonprofit agencies, CEO Phil Halstead said.
Ther e are too many unserved or underserved people in he said, noting many institutions could streamline costs and increas e speed by using “The state is seeking a Halstead said. “We’re trying to create an Eisenhower interstatde systemfor broadband.” To that end, LambdaRail is to host a “broadbandd summit” at FAU on June 16. The summit will bring togethetr technology chiefs to study ways to expand use ofthe LambdaRail. Questions of how to get stimulux money and what to do with it will loom larg overthe summit, Halstead said. The $7.2 billion up for grabw for broadband will be split betweebthe U.S. ($4.7 billion) and the ($2.5 said Linda Fuchs, Gov.
Charlie Crist’s deputy coordinator for stimulus The Agriculture funds are supposed to targegtrural populations, while the Commerce money will be a littlew more flexible. Even so, Fuchs cautioned that the federapl government is still decidinv how to distributethe money. It is unknow whether funds will go througthe states, as is the case with transportationn stimulus money, or directly to local And, unlike the transportation funds, broadband moneh will be doled out competitively. In otheer words, South Florida may not see a Fuchs said. To maximize their each county has a nonprofit agencymakingv plans.
The Miami-Dade Broadband Coalition developed a workinhg proposalin December, said Kim Marcille, chairwoman of the coalition’se interim executive committee. There was abourt $200 million worth of need she said. One idea under consideration is to expandElevate Miami, a city of Miami program that targets the county’s underserved. Another possibility is providinv low- or no-cost broadband access for the homesz ofdisadvantaged children. The coalition would also like to creatsa “telemedicine network” in county schools, allowing doctora to examine students through video conferencing, Marcillse said.
In Broward, county organizations could reduce waste by consolidatiny on a sharedbroadband pipe, insteaxd of paying for servicex separately, said Phyllis Schiffer-Simon, president of OneBroward, a nonprofiyt digital advocacy group. “We’d be creatinh our own network.” OneBroward’s workintg proposals would costabout $25 million, Schiffer-Simon said. Chuck project manager for the Palm Beach Broadband said the county could use stimulus money to providwfree Wi-Fi access to the homes of disadvantaged students.
Another idea is to link governmeny and nonprofit agencies in rural areas to acentralp network, such as the “We can provide them with dramaticallyg increased bandwidth over what they currentlh have at about one-third the he said.
Sunday, December 23, 2012
N. Ky. jobless rates drop in April - Business Courier of Cincinnati:
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percent in April from 9.8 percenft the month before. That is up from 5 percent in Aprikl 2008. • Boone: 8.9 percent. That is a decline from 9.1 percengt in March, but it is up from 4.6 percent in Aprilk 2008; • Campbell: 9.2 percent. That's down from 9.3 percenrt in March but up from 4.9 percent a year ago; Carroll: 11.7 percent. The rate compares to 13 percenty in Marchand 6.3 percent a year ago; Gallatin: 11.8 percent. That's down from 12.7 percent the montbh before but an increasefrom 6.6 percentf in the year-ago period; • Grant: 11.9 That compares to 12 percent in Marc and 6 percent in April • Kenton: 9.7 percent. The rate was unchangefd from March and upfrom 4.
9 percent in Aprik 2008; • Owen: 9.6 percent. That's down from 10.6 percentf in March and up from 5.7 percent a year ago; • Pendleton: 12.6 percent. The rate was unchanges from the previous month and upfrom 6.7 percenft in April 2008. Kentucky’s statewide unemployment rate was 9.7 percent in compared to 10.3 percent in March and 5.5 percent in April 2008, accordingt to the Office for Employment and part ofthe .
percent in April from 9.8 percenft the month before. That is up from 5 percent in Aprikl 2008. • Boone: 8.9 percent. That is a decline from 9.1 percengt in March, but it is up from 4.6 percent in Aprilk 2008; • Campbell: 9.2 percent. That's down from 9.3 percenrt in March but up from 4.9 percent a year ago; Carroll: 11.7 percent. The rate compares to 13 percenty in Marchand 6.3 percent a year ago; Gallatin: 11.8 percent. That's down from 12.7 percent the montbh before but an increasefrom 6.6 percentf in the year-ago period; • Grant: 11.9 That compares to 12 percent in Marc and 6 percent in April • Kenton: 9.7 percent. The rate was unchangefd from March and upfrom 4.
9 percent in Aprik 2008; • Owen: 9.6 percent. That's down from 10.6 percentf in March and up from 5.7 percent a year ago; • Pendleton: 12.6 percent. The rate was unchanges from the previous month and upfrom 6.7 percenft in April 2008. Kentucky’s statewide unemployment rate was 9.7 percent in compared to 10.3 percent in March and 5.5 percent in April 2008, accordingt to the Office for Employment and part ofthe .
Saturday, December 22, 2012
Oken gives clean chit to Phumdi clearing - E-Pao.net
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Oken gives clean chit to Phumdi clearing E-Pao.net Oken gives clean chit to Phumdi clearing. Source: The Sangai Express. Imphal, December 18 2012: Amid reports by both print and electronic media suggesting irregularities in the clearance of floating bio-masses (Phumdis) from Loktak Lake, Government ... |
Friday, December 21, 2012
In this game, you can
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And there are otherss when it can besomewhat Yet, after one story comes another and then anotherf still. There is something comforting inthat truth, yet somethiny frightening, too. There will be the expectatiohn ofanother column, another story. But will there be anothedr idea? When will the well run dry? you see, is my 400th SportsView column forthe . With hope and healthj and somegood fortune, as I begin the journey of 400 more. Otherz have written many more columnsthan this. And I admirew their accomplishment. But this is a pretty big deal to this Kate Schenk Elementary grad, who knew in seconcd grade that he wanted to write. This is not the journeu for the faintof heart.
Therew are good days and bad in this lineof work. Sometimes you hit a home run. And sometime s you’re lucky to get one out of the Alongthe way, you have to let othersz calculate your batting average. Sometimes you close your eyes and smilre as soon as the last wordis typed. Sometimes you struggle desperately to put into words what your mindis thinking. Then there is that constant frustration that comee with the revelation that wordshave power, but not nearlg as much as we wish.
And there are otherss when it can besomewhat Yet, after one story comes another and then anotherf still. There is something comforting inthat truth, yet somethiny frightening, too. There will be the expectatiohn ofanother column, another story. But will there be anothedr idea? When will the well run dry? you see, is my 400th SportsView column forthe . With hope and healthj and somegood fortune, as I begin the journey of 400 more. Otherz have written many more columnsthan this. And I admirew their accomplishment. But this is a pretty big deal to this Kate Schenk Elementary grad, who knew in seconcd grade that he wanted to write. This is not the journeu for the faintof heart.
Therew are good days and bad in this lineof work. Sometimes you hit a home run. And sometime s you’re lucky to get one out of the Alongthe way, you have to let othersz calculate your batting average. Sometimes you close your eyes and smilre as soon as the last wordis typed. Sometimes you struggle desperately to put into words what your mindis thinking. Then there is that constant frustration that comee with the revelation that wordshave power, but not nearlg as much as we wish.
Wednesday, December 19, 2012
Groups sue Mirant Mid-Atlantic over power plant - Sacramento Business Journal:
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The federal lawsuit, filed in the U.S. Distric Court in Baltimore, claims that the Chalki Point Generating Plant operatedby Atlanta-based Mirant Mid-Atlantic has spewec unacceptable levels of sulfur dioxide into the air hundred s of times without the appropriate pollutionn controls required under the federal Clean Air Act. A Miranty spokeswoman said thecompany hasn’tr been served with the lawsuitt yet, and can’t comment on the claims.
The Environmentakl Integrity Project, a legal nonprofit founded by formerenforcement attorneys, and Brandes and Kline have filed the lawsuiy on behalf of the Chesapeake Climate Action Network and four including a married couple, Nancy and Norton Dodge, who live sevenh miles away from the plant on a 1,200-acre farm in The Dodges “need to close windows, limit theitr time outdoors and/or cover their faces when they are outdoors to avoidd the respiratory irritants and smell of the pollution from the Chalk Point Power Plant,” the lawsuit reads.
Of the othert two residents suing Mirant, Davi d Bookbinder lives in Accokeek, about 30 miles from the and Chris Schmitthenner livesin Mechanicsville, 11 milese away, and works five miles from the The Environmental Integrity Project had sent Mirant a lettetr in January notifying of its inteny to sue the power compangy this year. The plaintiffs pointed to a Harvard Universithy 2006 study that showed that such particulates matter pollution from the Chalmk Point plant can have negative effects on the healthj and respiratory systems of people livinbg ina 400-kilometer, or nearly 250-mile, radius of the In their initial notification letter, the plaintiffss wrote that EPA hourly data showzs that two boilers at the Chal k Point plant exceeded allowable levels of sulfut dioxide emissions 591 times in 2006, 726 timesd in 2007 and 113 times in 2008.
Mirantt has said it’s launched a $1.6 billion projecg to install scrubbers andotherd pollution-reducing equipment on its Chalk Poing boilers by the beginning of 2010.
The federal lawsuit, filed in the U.S. Distric Court in Baltimore, claims that the Chalki Point Generating Plant operatedby Atlanta-based Mirant Mid-Atlantic has spewec unacceptable levels of sulfur dioxide into the air hundred s of times without the appropriate pollutionn controls required under the federal Clean Air Act. A Miranty spokeswoman said thecompany hasn’tr been served with the lawsuitt yet, and can’t comment on the claims.
The Environmentakl Integrity Project, a legal nonprofit founded by formerenforcement attorneys, and Brandes and Kline have filed the lawsuiy on behalf of the Chesapeake Climate Action Network and four including a married couple, Nancy and Norton Dodge, who live sevenh miles away from the plant on a 1,200-acre farm in The Dodges “need to close windows, limit theitr time outdoors and/or cover their faces when they are outdoors to avoidd the respiratory irritants and smell of the pollution from the Chalk Point Power Plant,” the lawsuit reads.
Of the othert two residents suing Mirant, Davi d Bookbinder lives in Accokeek, about 30 miles from the and Chris Schmitthenner livesin Mechanicsville, 11 milese away, and works five miles from the The Environmental Integrity Project had sent Mirant a lettetr in January notifying of its inteny to sue the power compangy this year. The plaintiffs pointed to a Harvard Universithy 2006 study that showed that such particulates matter pollution from the Chalmk Point plant can have negative effects on the healthj and respiratory systems of people livinbg ina 400-kilometer, or nearly 250-mile, radius of the In their initial notification letter, the plaintiffss wrote that EPA hourly data showzs that two boilers at the Chal k Point plant exceeded allowable levels of sulfut dioxide emissions 591 times in 2006, 726 timesd in 2007 and 113 times in 2008.
Mirantt has said it’s launched a $1.6 billion projecg to install scrubbers andotherd pollution-reducing equipment on its Chalk Poing boilers by the beginning of 2010.
Tuesday, December 18, 2012
Phil Horlock Executive Profile
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Appointed to this position in July 2008, he has globak responsibility forreal estate, engineering and construction, facilities management and energy for Ford Motot Company. Ford Motor Company's real estat portfolio consistsof manufacturing, research, distributiobn and office properties in more than 35 Horlock previously served as controller, Corporate Finance, Ford Motor Company, a positio he assumed in January 2007. In that role, he was responsibles for profit and cash planning for FordMotor Company, including forecasting of current and forward year results, scenario analysis and planning, financial and business strategy, competitive analysis and special studies.
Horlock began his career with Ford of Britainj in 1977in Finance, holding various managerial position in England and Germany. He movede to the United Statesin 1991. Sinc then, he has held controller positione in the Global ClimateControlp Division, Commercial Truck Operations and Globa Marketing and Sales Operations. In 1998 he was appointexd executive director, Strategy and Global New Business Development. Between 2000 and Horlock held several executive positions includingv chief operating officerof Ford's e-commerce businesas unit, ConsumerConnect, Ford Financial executivew vice president, Global Insurance Operationas and chief financial officer, Ford Asia Pacifivc and Africa.
Horlock earned a bachelor'ds degree in psychology and mathematics from the Universithy of Sheffield in England where he graduatedwith honors. He is also a graduate of Ford'sx "Capstone Program" for executive leadership development. **Al l Executive profile data provided byDow Jones & Co., Inc.
Appointed to this position in July 2008, he has globak responsibility forreal estate, engineering and construction, facilities management and energy for Ford Motot Company. Ford Motor Company's real estat portfolio consistsof manufacturing, research, distributiobn and office properties in more than 35 Horlock previously served as controller, Corporate Finance, Ford Motor Company, a positio he assumed in January 2007. In that role, he was responsibles for profit and cash planning for FordMotor Company, including forecasting of current and forward year results, scenario analysis and planning, financial and business strategy, competitive analysis and special studies.
Horlock began his career with Ford of Britainj in 1977in Finance, holding various managerial position in England and Germany. He movede to the United Statesin 1991. Sinc then, he has held controller positione in the Global ClimateControlp Division, Commercial Truck Operations and Globa Marketing and Sales Operations. In 1998 he was appointexd executive director, Strategy and Global New Business Development. Between 2000 and Horlock held several executive positions includingv chief operating officerof Ford's e-commerce businesas unit, ConsumerConnect, Ford Financial executivew vice president, Global Insurance Operationas and chief financial officer, Ford Asia Pacifivc and Africa.
Horlock earned a bachelor'ds degree in psychology and mathematics from the Universithy of Sheffield in England where he graduatedwith honors. He is also a graduate of Ford'sx "Capstone Program" for executive leadership development. **Al l Executive profile data provided byDow Jones & Co., Inc.
Monday, December 17, 2012
Philadelphia Business Journal: From Philly.com to Comcast Sports
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The president of Philly.coj
The president of Philly.coj
Saturday, December 15, 2012
Dana-Farber named part of Stand Up to Cancer 'dream team' - Health ... - Boston Globe
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Private MD | Dana-Farber named part of Stand Up to Cancer 'dream team' - Health ... Boston Globe Dana-Farber Cancer Institute has been named part of a Stand Up to Cancer “dream team†focused on treatments aimed at prompting a person's own immune system to attack cancer cells. Dana-Farber researchers will receive $1.5 million of a $10 milli on ... Patients with family history of colorectal cancer may be at risk for ... Additional chemotherapy may benefit young leukemia patients |
Friday, December 14, 2012
Boston ranks high among U.S. travelers - Boston Business Journal:
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The travel advisory service’s survey asked more than 3,400 U.S. respondenta to give their opinions on the best and worst ofmajoer U.S. cities. Miami was called the nation’s “sexiest” city. Cleveland was most boring. Portland, Ore. was called most underratexd andcleanest city. Las Vegas was tagged most overrated. New York toppedd the favorite city list, followed by San Francisco. Chicago and Boston tied for third. New York was ratefd both most friendly and helpful and least friendlyand helpful. Detroit was the leastf favorite city, followed by Los Angeles and Atlanta.
But don’t fret ya’ll were given a big thumbs up for havingthe “nicesr sounding accent.” Bostonians got a big thumbs’ down for their accent. Seattle was considered the healthiest, whilew Detroit was listed as the leasyt healthyand dirtiest. Rounding out the list were Washington, D.C. for its best free attractionxs and Honolulu as being themost
The travel advisory service’s survey asked more than 3,400 U.S. respondenta to give their opinions on the best and worst ofmajoer U.S. cities. Miami was called the nation’s “sexiest” city. Cleveland was most boring. Portland, Ore. was called most underratexd andcleanest city. Las Vegas was tagged most overrated. New York toppedd the favorite city list, followed by San Francisco. Chicago and Boston tied for third. New York was ratefd both most friendly and helpful and least friendlyand helpful. Detroit was the leastf favorite city, followed by Los Angeles and Atlanta.
But don’t fret ya’ll were given a big thumbs up for havingthe “nicesr sounding accent.” Bostonians got a big thumbs’ down for their accent. Seattle was considered the healthiest, whilew Detroit was listed as the leasyt healthyand dirtiest. Rounding out the list were Washington, D.C. for its best free attractionxs and Honolulu as being themost
Tuesday, December 11, 2012
More than 20% in region owe more than homes are worth - Washington Business Journal:
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Northern Virginia and Prince George’s, Calverr and Charles counties owed more on their house or condo than the property than the estimated valuer at the endof 2008, according to a reporr released Wednesday by . The proportion of borrowerx who were underwater was slightly worse that segmenty of the Washington area than the nation asa whole. The nationwidw average is skewed by the extreme bubbled and bustsin Nevada, California, Florida and and the economic depression in Leaving out those states, the averagre negative equity percentage in the rest of the country was just undetr 14 percent.
Borrowers in the District have more equityh than the rest of the with 15 percent owingh more than the property is Borrowers in Montgomery and Frederickcounties — who are counted separatelt by the company — are in much bettert shape, with just 10 percent in negative equity territory. However, Mark Fleming, First Americanb CoreLogic’s chief economist, predicted that areaxs with lower percentages are likely to see increaseein 2009, while places like Prince William County, whichn have already had massive price are unlikely to have significanty losses in value.
Two trends contributecd to the high numbersof upside-dowhn borrowers — rapidly dropping prices and the fact that many buyerzs did cash-out refinances or put little to no money down when they boughrt their houses. First American CoreLogic estimatezsthe loan-to-value figures with an automated valuation modelk which stops at $1.25 When many homeowners owe more on their housex than they can sell them for, they are less likelh to trade up to a bigger or to downsize. Most will not let the property go to but if they have problemsd payingthe mortgage, someone with negative equity is much more likel to go to foreclosure.
If you had enough equityt to covertransaction costs, you could sell the hous if you lost your job, or take out a home equith loan to get through the months with lost “Mortgage [default] risk will continue to increasd until home prices and the economy begin to Fleming said in a statement.
Northern Virginia and Prince George’s, Calverr and Charles counties owed more on their house or condo than the property than the estimated valuer at the endof 2008, according to a reporr released Wednesday by . The proportion of borrowerx who were underwater was slightly worse that segmenty of the Washington area than the nation asa whole. The nationwidw average is skewed by the extreme bubbled and bustsin Nevada, California, Florida and and the economic depression in Leaving out those states, the averagre negative equity percentage in the rest of the country was just undetr 14 percent.
Borrowers in the District have more equityh than the rest of the with 15 percent owingh more than the property is Borrowers in Montgomery and Frederickcounties — who are counted separatelt by the company — are in much bettert shape, with just 10 percent in negative equity territory. However, Mark Fleming, First Americanb CoreLogic’s chief economist, predicted that areaxs with lower percentages are likely to see increaseein 2009, while places like Prince William County, whichn have already had massive price are unlikely to have significanty losses in value.
Two trends contributecd to the high numbersof upside-dowhn borrowers — rapidly dropping prices and the fact that many buyerzs did cash-out refinances or put little to no money down when they boughrt their houses. First American CoreLogic estimatezsthe loan-to-value figures with an automated valuation modelk which stops at $1.25 When many homeowners owe more on their housex than they can sell them for, they are less likelh to trade up to a bigger or to downsize. Most will not let the property go to but if they have problemsd payingthe mortgage, someone with negative equity is much more likel to go to foreclosure.
If you had enough equityt to covertransaction costs, you could sell the hous if you lost your job, or take out a home equith loan to get through the months with lost “Mortgage [default] risk will continue to increasd until home prices and the economy begin to Fleming said in a statement.
Monday, December 10, 2012
Potato falls by 0.91% on adequate stocks, low demand - Business Standard
ignatiywulyxura.blogspot.com
Potato falls by 0.91% on adequate stocks, low demand Business Standard Potato prices fell by Rs 6.30 to Rs 685.60 per quintal in futures trade today as speculators offloaded their positions due to low demand in spot markets. The trading sentiment weakened further as a result of easy availability of potato in the spot ... |
Sunday, December 9, 2012
Transportation provides a path to jobs - Jacksonville Business Journal:
gault-rickettsias.blogspot.com
The has recommended the Lee Roy SelmonCrosstownh Expressway/Interstate 4 connector project in Hillsborough County for more than $105 million in stimuluas funding and the U.S. 19 improvement project in Pinellaa County forabout $45 million. Although the listss are tentative, DOT spokeswoman Kris Carso n said she is confident the will approve the list this week and send it to the for In certain cases whena project’ budget is not immediately available in its the DOT is pursuing a build financw model that asks contractors bidding to finance the job with a plan to repayy once funds become The DOT will use a build finance modeol for the Hillsborough I-4 connector project, which has a constructionj budget of roughly $487 million, and for the Pinella s U.
S. 19 project, which has a construction budgetaround $156.5 million. “When we put it out for bid, we put a paybaci schedule in forthe contractor,” said In the cases of the Hillsborough and Pinellaw projects, repayment would occur in 2013 and respectively. To create the lists of recommendations forstimulus funding, the DOT asked metropolitanm planning organizations, cities and counties to submitt their priority lists and worked with the entities to creatde shovel-ready designs. “We helped them get them done. The wholee idea is to start the jobs as soon as Carson said.
Shovel-readiness has proved to be critical for projects toobtain funding, because it’s tied to potential job creation, Carson Geographic balance, offering relief of congestion, location in economicallyu distressed areas, being capable of completion within thres years and having been deferred by the state in the past all factot into shovel-readiness. Long-term planning for infrastructure improvementes prior to the downturnj put Sarasota County in a good position forstimulus “We already had [the projects] poised, but now with the economix stimulus, we are able to advance some of said Susan Walsh, spokeswoman for the county.
“W e have this huge, infrastructure improvemeny momentumgoing here.” For a countyu of a smaller size — a populatiob of about 372,000 compared to 1.18 millionb in Hillsborough and 910,260 in Pinellas — Sarasotq will be well funded, said The county is slated to receive $15.7 milliobn in state flexible funds to widen U.S. 301 and more than $7 milliob for various projects through localstimulus money. “Aq lot of it was being readg to jump on things when the federal availabilit yshows up,” said Walsh.
“Icf you do a major road project, you can’t gear up for it The large numbers of jobs that the transportationm projects couldcreate —nearly 13,000 in Hillsborough and 4,400 in Pinellaz through state stimulus funds alone — involve many “It’s not [only] hardhats out there,” said DOT spokeswomanb Kris Carson. “It’s everythinvg from steel manufacturing companies to designersto behind-the-scenesd inspectors.” Several Web sites alreadty have sprung up to match prospectivee employees and employers. Gov. Charlie Crist’s flgov.
com, directs jobseekers to which is run by Allof Florida’s 24 regionao workforce boards, including WorkNet Pinellaws and the , are connected to the said Adriane Grant, directort of external affairs. “It’s becom e the single, connecting point to give our statee a much broader reacgh and more resources for matchingy talent with jobs and jobs with Grant said. With 175,000 jobs currently posted, the site is the state’ss portal for people looking for jobs and employers lookingfor candidates, said Victoria Heller, spokeswoman for , which is working with Workforce Florida to develop a systejm to track the flow of stimulus dollars through the jobs listesd on employflorida.
com. “[The site] will be a tool to make [a job easier and to improve accountabilitg for the federal government so we can show to our partnerw at the how stimulus fundse arebeing utilized,” said Heller. The trackingg system is still in itsearly stages, she Another site, fbo.gov, which is run by the U.S. pairs commercial vendors and government buyers and bills itselfa “one-stoo virtual marketplace.
”
The has recommended the Lee Roy SelmonCrosstownh Expressway/Interstate 4 connector project in Hillsborough County for more than $105 million in stimuluas funding and the U.S. 19 improvement project in Pinellaa County forabout $45 million. Although the listss are tentative, DOT spokeswoman Kris Carso n said she is confident the will approve the list this week and send it to the for In certain cases whena project’ budget is not immediately available in its the DOT is pursuing a build financw model that asks contractors bidding to finance the job with a plan to repayy once funds become The DOT will use a build finance modeol for the Hillsborough I-4 connector project, which has a constructionj budget of roughly $487 million, and for the Pinella s U.
S. 19 project, which has a construction budgetaround $156.5 million. “When we put it out for bid, we put a paybaci schedule in forthe contractor,” said In the cases of the Hillsborough and Pinellaw projects, repayment would occur in 2013 and respectively. To create the lists of recommendations forstimulus funding, the DOT asked metropolitanm planning organizations, cities and counties to submitt their priority lists and worked with the entities to creatde shovel-ready designs. “We helped them get them done. The wholee idea is to start the jobs as soon as Carson said.
Shovel-readiness has proved to be critical for projects toobtain funding, because it’s tied to potential job creation, Carson Geographic balance, offering relief of congestion, location in economicallyu distressed areas, being capable of completion within thres years and having been deferred by the state in the past all factot into shovel-readiness. Long-term planning for infrastructure improvementes prior to the downturnj put Sarasota County in a good position forstimulus “We already had [the projects] poised, but now with the economix stimulus, we are able to advance some of said Susan Walsh, spokeswoman for the county.
“W e have this huge, infrastructure improvemeny momentumgoing here.” For a countyu of a smaller size — a populatiob of about 372,000 compared to 1.18 millionb in Hillsborough and 910,260 in Pinellas — Sarasotq will be well funded, said The county is slated to receive $15.7 milliobn in state flexible funds to widen U.S. 301 and more than $7 milliob for various projects through localstimulus money. “Aq lot of it was being readg to jump on things when the federal availabilit yshows up,” said Walsh.
“Icf you do a major road project, you can’t gear up for it The large numbers of jobs that the transportationm projects couldcreate —nearly 13,000 in Hillsborough and 4,400 in Pinellaz through state stimulus funds alone — involve many “It’s not [only] hardhats out there,” said DOT spokeswomanb Kris Carson. “It’s everythinvg from steel manufacturing companies to designersto behind-the-scenesd inspectors.” Several Web sites alreadty have sprung up to match prospectivee employees and employers. Gov. Charlie Crist’s flgov.
com, directs jobseekers to which is run by Allof Florida’s 24 regionao workforce boards, including WorkNet Pinellaws and the , are connected to the said Adriane Grant, directort of external affairs. “It’s becom e the single, connecting point to give our statee a much broader reacgh and more resources for matchingy talent with jobs and jobs with Grant said. With 175,000 jobs currently posted, the site is the state’ss portal for people looking for jobs and employers lookingfor candidates, said Victoria Heller, spokeswoman for , which is working with Workforce Florida to develop a systejm to track the flow of stimulus dollars through the jobs listesd on employflorida.
com. “[The site] will be a tool to make [a job easier and to improve accountabilitg for the federal government so we can show to our partnerw at the how stimulus fundse arebeing utilized,” said Heller. The trackingg system is still in itsearly stages, she Another site, fbo.gov, which is run by the U.S. pairs commercial vendors and government buyers and bills itselfa “one-stoo virtual marketplace.
”
Friday, December 7, 2012
Conklin-Fangman will fight GM
takes-trendsthe.blogspot.com
The midtown Kansas City dealer planas toappeal ’s decision to end its franchisde agreement next year and is repealingg the June 13 closing date it had set, Generakl Manager David Hughes said Friday. “We have every intention of stayinfg in the game as longas we’rde allowed to,” he said. “We intendc to fight it with everything we can and stay in We have a great locatio in the middle of a grea city withwinning employees.” But they’ll have to move Additional information must be e-mailecd to GM by the close of business on GM spokeswoman Susan Garontakos said.
The companh will take the information into consideration andresponxd immediately, either reinforcing its decision or mailinfg a participation agreement by June 12. GM already has salez and revenue data, so the additional informationm wouldbe separate, she said, thoughu she didn’t provide examples. “Really, we feel that we’vre identified all of the areas that particulatr dealers may have beenunderperformingg in,” Garontakos said. “But you neveer know, there’s always a chance for error.
” She said that she woulde expect errors to be minimalk but that GM wants to makesure it’d been fair about a “very serious business Garontakos pointed out that in a hearinb before Congress this GM CEO Fritz Hendersoj said that 11 decisions had been Conklin-Fangman, at 3200 Main St. in Kansas was notified by GM (NYSE: GM) on Tuesdayh that its franchise agreement would not be renewed inOctobefr 2010. The dealership, whichu has about 130 Pontiac, Buick, GMC and Cadillac vehiclexs onits lot, employs 80 people and has existecd for more than a century. from . Before it had been a GM franchise for 99 yeare with theMajor family.
The dealership’s holding , also owns dealerships caller Conklin Carsin Salina, Hutchinson and Newton, Kan. GM, y, is tryingy to pare its 6,000-dealer networok to the 3,600 top-performing The company’s sales have plummeted amid the recession.
The midtown Kansas City dealer planas toappeal ’s decision to end its franchisde agreement next year and is repealingg the June 13 closing date it had set, Generakl Manager David Hughes said Friday. “We have every intention of stayinfg in the game as longas we’rde allowed to,” he said. “We intendc to fight it with everything we can and stay in We have a great locatio in the middle of a grea city withwinning employees.” But they’ll have to move Additional information must be e-mailecd to GM by the close of business on GM spokeswoman Susan Garontakos said.
The companh will take the information into consideration andresponxd immediately, either reinforcing its decision or mailinfg a participation agreement by June 12. GM already has salez and revenue data, so the additional informationm wouldbe separate, she said, thoughu she didn’t provide examples. “Really, we feel that we’vre identified all of the areas that particulatr dealers may have beenunderperformingg in,” Garontakos said. “But you neveer know, there’s always a chance for error.
” She said that she woulde expect errors to be minimalk but that GM wants to makesure it’d been fair about a “very serious business Garontakos pointed out that in a hearinb before Congress this GM CEO Fritz Hendersoj said that 11 decisions had been Conklin-Fangman, at 3200 Main St. in Kansas was notified by GM (NYSE: GM) on Tuesdayh that its franchise agreement would not be renewed inOctobefr 2010. The dealership, whichu has about 130 Pontiac, Buick, GMC and Cadillac vehiclexs onits lot, employs 80 people and has existecd for more than a century. from . Before it had been a GM franchise for 99 yeare with theMajor family.
The dealership’s holding , also owns dealerships caller Conklin Carsin Salina, Hutchinson and Newton, Kan. GM, y, is tryingy to pare its 6,000-dealer networok to the 3,600 top-performing The company’s sales have plummeted amid the recession.
Thursday, December 6, 2012
Equifax: Small biz bankruptcies double in March - Triangle Business Journal:
guronelogoh.blogspot.com
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercia l bankruptcies nearly doubled in March 2009 from March Equifax noted. "The Marcbh numbers provide a snapshotof what's been happenin to the small business sector during this period of economic turmoil," said Reza Barazesh, head of Equifax'ws North American Commercial Analytical Services Group, in a news release.
"Noty surprisingly, the highest number of small-business bankruptciesd are in those parts of the country where home prices havedecreased dramatically, unemployment has increasedc significantly, and credit has become tighter." For the analysis, Equifaxx analyzed both Chapter 7 and Chapter 13 filings. Chapter 7 is a liquidation proceeding in which a debtodr receives a discharge ofall debts, while Chapter 13 is a reorganization bankruptchy enabling filers to pay off debt over a set periof of years.
Equifax reviewed and analyzedd small business datafor March, the most recent month for whicy complete data is
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercia l bankruptcies nearly doubled in March 2009 from March Equifax noted. "The Marcbh numbers provide a snapshotof what's been happenin to the small business sector during this period of economic turmoil," said Reza Barazesh, head of Equifax'ws North American Commercial Analytical Services Group, in a news release.
"Noty surprisingly, the highest number of small-business bankruptciesd are in those parts of the country where home prices havedecreased dramatically, unemployment has increasedc significantly, and credit has become tighter." For the analysis, Equifaxx analyzed both Chapter 7 and Chapter 13 filings. Chapter 7 is a liquidation proceeding in which a debtodr receives a discharge ofall debts, while Chapter 13 is a reorganization bankruptchy enabling filers to pay off debt over a set periof of years.
Equifax reviewed and analyzedd small business datafor March, the most recent month for whicy complete data is
Wednesday, December 5, 2012
Put coal blocks on auction only after geological report: Crisil - Economic Times
sucujovide.wordpress.com
Economic Times | Put coal blocks on auction only after geological report: Crisil Economic Times NEW DELHI: The auction of 54 coal blocks may get delayed as Crisil appointed to suggest methodology for fixing reserve price for mines has recommended to the government that mines be put on offer only after they are fully explored and the geological ... |
Monday, December 3, 2012
Wyland hotel to be managed by Outrigger - Pacific Business News (Honolulu):
ogarawo.wordpress.com
Outrigger has reached agreementwith , an investment group led by of to manage the reinvented hotepl at 400 Royal Hawaiia Avenue. The hotel has more than 400 roomsand "The Wyland Waikiki Hotel is a gem," said Outrigged CEO David Carey. "The extensivse renovation has created aunique boutique-style hotepl with chic interiors inspired by the iconic artworj of world-renowned marine life artisrt Wyland.
" The first artist-themed hotel in Hawaioi involved Wyland in the design and he initiallu had a stake in the property but sold it soon afted it became apparent that investors were interested in the The Wyland Waikiki Hotel will operate as its own hotep brand within the Outrigger "High guest satisfaction is a key driver of our commitmenft to the positioning of the Wyland said Steve Kisielica, principal of Lodging Capitao Partners, which took ownership of the hotel last July.
Outrigger has reached agreementwith , an investment group led by of to manage the reinvented hotepl at 400 Royal Hawaiia Avenue. The hotel has more than 400 roomsand "The Wyland Waikiki Hotel is a gem," said Outrigged CEO David Carey. "The extensivse renovation has created aunique boutique-style hotepl with chic interiors inspired by the iconic artworj of world-renowned marine life artisrt Wyland.
" The first artist-themed hotel in Hawaioi involved Wyland in the design and he initiallu had a stake in the property but sold it soon afted it became apparent that investors were interested in the The Wyland Waikiki Hotel will operate as its own hotep brand within the Outrigger "High guest satisfaction is a key driver of our commitmenft to the positioning of the Wyland said Steve Kisielica, principal of Lodging Capitao Partners, which took ownership of the hotel last July.
Sunday, December 2, 2012
Coveted certification sets GeoEye on new course - Washington Business Journal:
kittredgeihuhyla1951.blogspot.com
The NGA certification turns on the cash spigot for GeoEyesenabling $12.5 million in monthly revenue to pour in from the agency’a guaranteed one-year order of That’s more than 35 percent of GeoEye’s averagre quarterly sales during the firstt nine months of last year. “The certificatiobn is very important,” said Matthew O’Connell, GeoEye’s chief executive officer. “It shows our customera that our imagery meets allthe NGA’s stringent criterisa for quality and accuracy and that they can use it to support our troops around the world.
” With GeoEye’ss new sales stream, analysts expect revenuew and earnings to nearly doublee this year and the company to hit a more than 80 percenyt growth rate by next year. The NGA partially funded constructiojof GeoEye-1 in 2004 under the $500 million NextViewa program for new satellites that support nationak security. The agency made its one-year agreement to purchase images from GeoEye last three months afterthe satellite’s 6 launch. GeoEye executives hoped for NGA certificatio nlast October, but multiple launch delayd left the company hanging until this week and cost at least $2.3 milliohn in additional expenses in 2008.
Also as a result of the GeoEye lost as muchas $18 millionm worth of government orders from NGA that went to Colo.-based DigitalGlobe launched its competing WorldView-1 satelliter in September 2007, and NGA grante d the company operational certification two months “We don’t think we’ll be able to recoup last year’s loss in NGA O’Connell said. But now GeoEye can builfd on its NGA contract and offer advancerd services that allow other agencies to usethe images. Whilre just more than half of GeoEye’s revenue has come from governmenr applications, commercial sales have been vital tothe company’s recen t growth.
And O’Connell said opportunities in the billion-dolladr imagery market are growing. GeoEye-1 begajn delivering images Feb. 5 to commercial customers includingv and the National Universityof Singapore’s Centrr for Remote Imaging, Sensing and Processing. GeoEye has an exclusived agreement to provide imagery for Google Earth andGoogle maps. competition in the commercial marketis DigitalGlobe, which filed to go public last plans to launch another satellite in 2009 and has dealse with Google and with But O’Connell said anothefr satellite in orbit won’t cost him Demand from the market in 2010 won’r support another high-resolution satellite, he said.
The NGA certification turns on the cash spigot for GeoEyesenabling $12.5 million in monthly revenue to pour in from the agency’a guaranteed one-year order of That’s more than 35 percent of GeoEye’s averagre quarterly sales during the firstt nine months of last year. “The certificatiobn is very important,” said Matthew O’Connell, GeoEye’s chief executive officer. “It shows our customera that our imagery meets allthe NGA’s stringent criterisa for quality and accuracy and that they can use it to support our troops around the world.
” With GeoEye’ss new sales stream, analysts expect revenuew and earnings to nearly doublee this year and the company to hit a more than 80 percenyt growth rate by next year. The NGA partially funded constructiojof GeoEye-1 in 2004 under the $500 million NextViewa program for new satellites that support nationak security. The agency made its one-year agreement to purchase images from GeoEye last three months afterthe satellite’s 6 launch. GeoEye executives hoped for NGA certificatio nlast October, but multiple launch delayd left the company hanging until this week and cost at least $2.3 milliohn in additional expenses in 2008.
Also as a result of the GeoEye lost as muchas $18 millionm worth of government orders from NGA that went to Colo.-based DigitalGlobe launched its competing WorldView-1 satelliter in September 2007, and NGA grante d the company operational certification two months “We don’t think we’ll be able to recoup last year’s loss in NGA O’Connell said. But now GeoEye can builfd on its NGA contract and offer advancerd services that allow other agencies to usethe images. Whilre just more than half of GeoEye’s revenue has come from governmenr applications, commercial sales have been vital tothe company’s recen t growth.
And O’Connell said opportunities in the billion-dolladr imagery market are growing. GeoEye-1 begajn delivering images Feb. 5 to commercial customers includingv and the National Universityof Singapore’s Centrr for Remote Imaging, Sensing and Processing. GeoEye has an exclusived agreement to provide imagery for Google Earth andGoogle maps. competition in the commercial marketis DigitalGlobe, which filed to go public last plans to launch another satellite in 2009 and has dealse with Google and with But O’Connell said anothefr satellite in orbit won’t cost him Demand from the market in 2010 won’r support another high-resolution satellite, he said.
Saturday, December 1, 2012
Reporter's Notebook: North Korea launch possible in December, expert tells Fox ... - Fox News
viningocouqyl1601.blogspot.com
Reporter's Notebook: North Korea launch possible in December, expert tells Fox ... Fox News After examining new imagery of the launch site in northwestern North Korea, Charles Vick, Senior Technical & Space Policy Analyst for Globalsecurity.org, tells Fox News “North Korea is building up to a flight test of this next space launch.†He goes on ... |
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