Tuesday, August 30, 2011

Mosaic's earnings down 90 percent in 3Q - Minneapolis / St. Paul Business Journal:

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The Plymouth-based fertilizer maker posted net incomewof $58.8 million, or 13 cents per share, for the quartet ended Feb. 28. That compareas to earnings of $520.8 million, or $1.17 per in the comparable periodlast year. Revenu e came in at $1.38 billion for the down 36 percentfrom $2.15 billionn a year ago. “Despite the turmoi l in commodity markets, we remain confidenr that long-term agricultural fundamentals are Mosaic President and CEO Jim Prokopanko said ina statement.
“This is a self-correctingv cycle because demand for crop nutrients can only be deferred for so Large crops are still requirerd to securethe world’s food supply and crop nutriente will play an essential role in achieving that Mosaic (NYSE: MOS) makes phosphates and potash fertilizers and feed ingredients for the agriculturapl industry.

Sunday, August 28, 2011

N.C. wins court order against Peak Fitness - Charlotte Business Journal:

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The purpose of the bonds is to guarantee customer repaymentf if Peak Fitness runs into furtherfinanciak troubles. All of the Peak Fitness clubs are organizedx under aholding company. One group of four Raleigh clubs, Peak Capital Holdings, filed for Chapter 11 bankruptcyyin April. Cooper’s office, which filed suit againsgt the companyon Wednesday, announce d a consent judgment in the case, signerd by Wake County Superior Court Judg e Paul Ridgeway. Under the ruling, Peak Fitneszs won’t collect prepayments from customers until it can secure bonds for each ofits clubs.
In the company will be required to submig sworn statements of its liabilitiesto Cooper’s office twice a year. This week’s court action isn’t Cooper’ s first run-in with the company. In his office won a court ordeethat “made substantial changes to customerr service, contracts and billings at all 28 (Peakl Fitness) health clubs across Northy Carolina,” according to a statement released by Cooper’s At the time, Peak Fitness agreed to designate a singlre point of contact to handle consumer complaintx and to give advance notice to gym members and the attorneyt general’s office when a health club closex or transferred memberships.
The gym operator also agreed to purchasse and maintainappropriate bonds. Since the January action, Cooper’s office says, Peak Fitnessz has closed gymsin Charlotte, Garner, Knightdale, Raleigh and Winston-Salem. Cooper says his office received notification in Marcjh thatPeak Fitness’ bonding company would cancel all of the firm’sa bonds as of May 12. Also in he adds, his office failed to receive sworhn statements from the company on all its and the firm understated its liability byapproximately $2 “Peak Fitness has not been able to secure replacement bonds,” Cooper says.
“These bondz are required by state law to reimburses consumers if the health club closes and thecompany doesn’ t have money to refund consumers who paid in

Friday, August 26, 2011

Dr. Phillips Charities hands out $530,000 - Orlando Business Journal:

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The received $98,100 to provide emergency assistancrewith food, utilities and other basic needs. Unitedc Way is paying for administrative cost ofthe grant, whicnh is expected to assist 15 familiesd a day. Dr. Phillips pledged up to $49,050p a month to the fund an additionakl four months if the needs and matchingeffortxs continue. • $75,000 to to cover one year of the cost for two new clinics providing medical assistance tothe • $94,759 to the Orlando Shakespeare Festivalk Inc. to install new equipment. • $60,8744 to the Coalition for the Homeless of CentraolFlorida Inc. to replace 106 bunk beds and 212 mattressew in itsresident dorms.
• $55,54 0 to to continue the funding of two individuals in Orangee and Osceola Counties who help families seekfood Dr. Phillips Charities pledgec to forgive the balance ona $150,000 promissory note obtaineed by Catholic Charities of Central Florida if the organization successfully renovatexs and opens the property at 301 Thaliwa Ave. for case management services and educationapl classes for homelessyoung women, childrem and legal immigrants. The Dr. Phillipse Charities gave more than $16.
5 million in grants in fisca l year 2008 to CentralFlorida

Tuesday, August 23, 2011

http://biomarck.com/company-leadership.htm
and for good reason. The federal stimulus funding, almost $1 trillion, is heavilyu weighted to flow to end-users at the locapl levels of government. Texas, because of its borders, military bases, federal facilities and VA will receivea lion’sz share of the federal As the stimulus funds make their way to cities and there will be differences in the procurementy processes. For instance, many millionws of dollars are available to repair or build newfederalo facilities. Those contracts will be awarded through federaolprocurement processes. Contracts tied to low-income housing upgrades, infrastructurse projects and public safety will be awarded by thevarious cities.
Energy-efficiency work, technology upgrades, renovation and construction projects will be awarder byschool districts. The only real differencre will be which type of governmental jurisdictionm is slated to handle theprocurement process. The federa government will be spending millions to upgradr all types of facilities throughout For example, the Recovery Act includews a hefty $1 billion for the for nonrecurrinb maintenance and energy projects. Both the and the are administeringh programs that will result in acombined $631 millio worth of contracting opportunities in Texas. The DoD lists 196 new construction and energy conservation projectstotaling $305.7 million for Texas.
That does not include the plannedd construction ofa $500 million-plus replacement hospital facilityu at Fort Hood in Killeen. The allocation for Texase military facilities is the largest ofany state. Georgia ranks second with $108 million in funding. GSA, through its Publi c Building Service, has detailed how it will spensdits $5.55 billion authorization, including $325 millioj in funding for projects in Texas. The largest Texas projecft is anew $116 million U.S. Courthouse to be builf in Austin. Other high-dollar projects includse a $109 million project to modernizsthe G.T. Leland Federal Building in Houston anda $61 millioh project to modernize the Hippolito Garcia U.S.
Courthouse in San Eighteen other smaller-scale projects focusedx on green building will also bebid out. To view the completd list of DoD and GSA projects in visitthe “Recent Reports” section at www.spartnerships .com. In additioh to VHA, DoD and GSA opportunities, additional federal opportunities in Texas will come fromthe , the and . fedbizopps.gog Web site (www.fbo.com) whicuh provides information on active as well as upcomin g federalcontracting opportunities. A featurre of the site allows visitors to look at only thos solicitations related to theRecovery Act.
Stimulus funds-related opportunitiexs in the Houston area includea design-build project for the Texasd City Channel with a value of $25 milliojn to $100 million. The projecyt involves the dredging ofabouf 6.8 miles of channelp and the design and construction of five new dredgedx material placement areas. Additional work includezs levee repair and rehabilitation andshore protection. Interestef vendors need to know that some federal agenciesz require prior registration to receive a contract award. For instance, DoD procurements require bidders to registerf with the Central Contract Registration and provide a valid or Data UniversalNumbering System, number.
Government never moves quickly and the federakl government is notorious formovin slowly. Contractors interested in capturin federal work in Texas should be dealinvg with all necessarypaperwork now.

Sunday, August 21, 2011

Area leaders salute spirit of Pickens Plan - Kansas City Business Journal:

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million supporters of his energypolict proposal, called the Pickens Plan. A significant component of the plan is to replaced the 22 percent of electricity that the United Statex gets from natural gas with wind which then would allow that natural gas to be used for transportatioh andreduce America’s dependence on foreign oil by 38 Pickens proposes tapping the wind belt, which cuts througyh the Plains states from North Dakota to Kansas is ranked third nationally for wind-energ y potential, according to the . Missouri, whichg is ranked 20th, also could contribute. Many area leaders applaudd Pickens’ spirit, even if they don’t agree with everty component ofthe plan.
Here are some of theire comments aboutthe plan. "If it accomplishes nothingy else, the Pickens Plan has elevated the issuee of energy dependency and economic strangulationm in simple terms to private citizensand policymakers. For the Pickensw Plan to accomplishits objectives, the White House and state legislatures should embracse the tenets of the plan as part of the implementatiobn of a broader U.S. energy Mark Hannifan, development director, "As a solving this energy crisis willrequire determination, perseverance, bipartisanship and leadership. I applaud Mr.
Pickense for his effort to raiss public awareness about the need fora responsible, comprehensive plan to reversde our nation’s foreign oil addiction. The only way to accomplisbh this task is for Republicanas and Democrats to set aside partisan and ideologicalo differences and work for the good of all I stand ready to work with my colleaguez on both sides of the as Ialways have, to implement this bipartisan U.S. Rep. Dennis Moore, D-Kan. "He is focused on the objectivwe of reducing dependency onforeign oil, whicb is different than our objectivee of providing economic and reliables electricity. Where I have some questionsd is the fallback on natural gas as atransportatiojn fuel.
We see the nation moving towarde plug-in electric hybrid vehicles. Transportation is not the best use ofnaturak gas, which we will need for other John Grimwade, senior director of strategic planning and development, "Pickens is correc when he says the High Plains have wonderfulo potential for wind power. The expansion of wind power, however, woulr not free up natural gas to becomd atransportation fuel. Since the wind doesn’t blow all the it has to be backedx up with naturalgas generation.
Using electricity as a transportation fuel woulde require far less new refuelin infrastructure than naturalgas vehicles, improve utilization of power plants better and woulde be good for the environment.” Karla Olsen, directord of corporate communications, "Pickens’ plan could completely revitalize our ruraol areas and manufacturing sector. For Kansas, huge investmentsa in wind production would mean construction jobs and leaser paymentsto landowners.
If the economic development folks get they could attract largde turbine and component manufacturers to the stat e to supply and service the Missouri would benefit less so from the productionhaspect — other than in the northwest portionj — but could see huge benefits for the manufacturinv sector.” Susan Brown, director of marketing, , and community activisyt and chair,

Friday, August 19, 2011

Energy Department to award $3.3B for smart power grids - Business First of Louisville:

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billion in federal stimulus grants, of up to $200 millio n apiece, to companies and utilities to help developoa smarter, faster power grid. The firstf round of applications are dueJuly 29, with future rounds in December 2009 and March 2010 if funding But DOE’s plans for this stimulus funding hikes the maximum amount of individual grants from the previously proposed $20 million, a cap that many potential applicantsa said would not be enough to fund real changde toward a smart grid -- often described as a new automated networo that could measure the amounts and peak timexs of a homeowner’s or actual electricity consumption, detect outages and problems and electronically notify utilities, and perhaps even store powerr during off-peak hours to be used durinhg times of higher demand.
In all, the federal governmentf had setaside $4.5 billionn in stimulus funds to help fashiom a nationwide smart grid. The , which received $220 milliohn of its own stimuluas funds towardthis effort, hopesd to debut new national standards for smart grid products and technologiesz by the end of this year. Officials with Louisville-based believre smart grid technology will playa . The divisionm of Fairfield, Conn.-based General Electric Co. (NYSE; GE), has investedd millions of dollars in the development of a new line of appliance integrated with smartgrid technology. It also is workingt with utility companies across the United States to develop smargrid programs.

Wednesday, August 17, 2011

Looking at Saints' depth chart - ESPN (blog)

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Looking at Saints' depth chart

ESPN (blog)


The New Orleans Saints sent out their depth chart to advance Saturday's preseason game and there's one interesting thing on there. In a move you don't often see, the Saints are listing two starters at one position. ...



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