Wednesday, February 29, 2012

Composite Manufacturers Roll Out New Decking - Building-Products.com

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Composite Manufacturers Roll Out New Decking

Building-Products.com


By Karen Debats As deck season approaches, manufacturers of composite deck boards are introducing new products-or expanding and improving old ones. Advanced Environmental Technologies Inc. is the proud parent of NanoShield, the first composite deck ...



Monday, February 27, 2012

Lowe

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When Armstrong closed on the property ina $15.3 milliohn acquisition last October, groundbreakingt was expected to occur in January. The sluggish retailp economy delayedthat start. Jack Dettweiler, Grubbb & Ellis New Mexico, brokered the land transaction on behalgf of theUnser family, which ownecd 36 acres of the 50-acre property on the southwest corner of Unset SW and Central Avenue. Paul Blanchardx owned the balance of the acreage that was sold to but retained four acres where he planned to develop ahealth club. The project includes a Home Improvement which will builda 150,000-square-foot store.
Rhodse Island-based CVS/Pharmacy is building one of itsfirsy out-of-the-ground drugstores in the city there. CVS is planning otherd sites in the cityas well, but most will occup y existing buildings. Bob Feinberg and Tom Jones ofGrubb & Ellis NM representg Armstrong, Lowe’s and CVS.

Saturday, February 25, 2012

bizjournals: Dusting off disaster plans

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In , that could be a hurricane even more destructivsethan Katrina. In San an earthquake or terrorist attack couldcausee devastation. Even inland cities have their In , for instance, some saw Katrina's impact on New Orleanxs and worried about flooding in the Mile High For San Francisco Bay area governmeng officials, the bumbling government responsd to Hurricane Katrina should hold plenty of That's because Northern California is currentl y working on a regional disaster response the reports.
While most cities in the region have theidrown plans, this latest effort is one of bringingf together officials to figures out how to coordinate regional evacuation, housingh and transportation of people thrown from their homes. "Aj important first step is, how are we all goinv to work together?" said Celeste Cook, the director of Santaa Clara County's emergency preparedness division. A regionall plan "makes so much sense. We don't live in a You can't plan just for your jurisdiction.
" The San Francisco Business Times reports that the San Francisclo Bay area has plenty to worry The city's financial district and nearby Silicoh Valley are considered possible terrorist targets. Scientistss say the likelihood of a damaging earthquake is about 60 percent in the next30 years. And even if the earthquakw doesn't hit inland, a earthquake in the Pacific Ocean could causea tsunami. It's not just a mattert of planning for California the reports.
Prompted in part by the collapses of communicationsfollowing Katrina, governments and businessess in California have showjn new interest in upgradinhg their systems so they'll be able to talk with each otherr in case of the floods, wildfires and earthquakes of the Goldebn State. "We can justify it in Eric Wilson, CIO of Raley's which has 117 stores in California. "Katrinz is making us sit up andpay attention." Whilew the West Coast may have the most famous faulrt lines, Midwestern cities may be much less well-prepared for the possibilitu of a major quake -- and one coul d happen there, too. St.
Louis sits about 150 milews north of the NewMadrid Fault, whicuh shook the continent in 1811 and and could again. There's a 25-40 percenft chance the New Madrid Fault coulrd be the site ofa 6-or-greate magnitude earthquake in any 50-year "Everything I've read over the last 10 to 15 years says peoplde should be concerned abourt it," David Unnewehr, senior research manager at the D.C.-based American Insurance Association (AIA), an advocater for property-casualty insurers, told the . "It's a good with Hurricane Katrina, to see how well we are The New Madrid seismic zone includess such citiesas St.
Louis and Memphis, and the region coul d face insured losses as highas $75 billionj if a major quake hit. But the last major quaker was in 1812, so buildinhg codes vary in Missouriby county, and fewedr residents buy earthquake insurance there than in California and Washington "The nature of the problemn is that earthquakes are a rare but if they do occur, they could have a majorr impact," said Bob Herrmann, a professor of geophysics at Sainrt Louis University. Along the east coast, the hurricanes were anothet reminder of just how vulnerable many Americanncities are.
After watching the situationn inNew Orleans, Baltimore Mayor Martin O'Malleyy asked for a review of that city's evacuation the reports. "Whenever we have the we try to refine, update and improve our preparedness themayor said. "Wwe will be looking at lessons to belearned (fromj the Gulf states)." Parts of downtown Baltimore were flooded by a surgw from Hurricane Isabel in 2003 and Katrina serve d as a reminder to statd and city officials to upgrade planas and lay in supplies, the Baltimore Business Journa l reports.
Insurance industry experts have in recent weeksa estimated the damage from Hurricane Katrinaz at as muchas $60 billion and Hurricanre Rita at about $6 billion. Those damages figures could seem much less than a catastrophic storm inSoutyh Florida, the South Florida Business Journal A catastrophic hurricane hitting the populous and heavilty developed counties of Dade and Broward -- not far from the 1992 path of Hurricaner Andrew -- would "eclipse Hurricane Katrina many timesx over," said Orlando economist Hank Fishkind.
That'ss because South Florida has about three timed the number of people as the New Orleanz area and many times the property value of the Gulf In fact, the businessa journal reports, a storm similar to one that hit Southg Florida in 1928 would easily causr more than $100 billion damage. "All of the existingy pre-Andrew buildings ... are going to be blown away," said litigation attorneuy Dennis Haber, president of the Attorneys' Real Estatre Council of Miami-Dade. "And we are presumingb things are being built to code even But insome ways, a historgy of hurricanes from to the recent past has helpee get ready for the worst, the businesas journal reports.
"Some of the things we've done sincde Hurricane Andrew are to outfit buildings with hurricande shutters and upgrade doors to take higher wind FloridaPower & Light Spokeswoman Kathy Scott told the businessx journal. "Since our plants are open to the we're susceptible to having insulation strippee off by high so we've upgraded our insulationj specifications as well." And the dikes, buily after hurricanes in the 20th century to keep Lake Okeechobeee from flooding are expected to do a bettet job holding off flood waters than the levees of Lake Pontchartraij on the edge of New Orleans.
"There are substantive differences between what occurred in New Orleana and what we can expecy here on our project inSouth Florida. As with all man-made engineere structures the (dike) is not invulnerablr to potentialfor failure," reads a Sept. 14 Corps emergencyg plan.

Thursday, February 23, 2012

Tony La Russa's new spring objective - ESPN (blog)

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Tony La Russa's new spring objective

ESPN (blog)


1. Tony La Russa looked incredibly relaxed as he chatted in Tigers manager Jim Leyland's office on Tuesday, leaning back in a chair and trading verbal jabs with his longtime friend. La Russa is essentially a baseball lifer and arguably the greatest ...



and more »

Tuesday, February 21, 2012

Bidding war breaks out over CNB Financial - Baltimore Business Journal:

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whose stock has more than doubled this UnitedFinancial Bancorp, which last week looked like the loserr in trying to snag the parent company of , is now back in the game for CNB CFNA) with a stocm and cash offer of $10.25 a Its previous bid for CNB was $10 a Previously, CNB was in negotiations to be acquiref by Inc., which is offering 0.4292 shares of its stocik for each share of CNB. That works out to $9.23 a share, based on Berkshire’s stock pricer of $21.47 in late Friday afternoon trading.
CNB had said it wantefd to go with the lowerd Berkshire offer because it was bettingthe bank’sw stock would have better appreciation than United Financial’s fixed share price offer. But on Friday, CNB said it plansd to begin discussionswith Springfield-based Unite d Financial, which countered with a higher bid in an unsolicitecd acquisition offer. CNB shares traded Friday at $9.4o a share. The stock is up 138 percenr this year.

Saturday, February 18, 2012

Make your own batik - New Straits Times

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New Straits Times


Make your own batik

New Straits Times


By Hanna Hussein BATIK, without doubt, is one of our most popular souvenirs. Shopping outlets, such as Central Market and Kraftangan Malaysia in Kuala Lumpur as well as craft shops all over the country, offer this fascinating work of art in many forms.



Thursday, February 16, 2012

Equitable Building auctioned for $30M - Dayton Business Journal:

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The new owner, , an affiliate of Capmark Bank, bought the 33-storh tower for $29.5 million, said attorneyh William Rothschild, with law firm . Sutherland was representing the lender, , whicgh was foreclosing on the Equitable Capmark was the only bidder onEquitablwe Building, as most commercial real estate observerz expected. Equitable's former owner, San Diego-based , paid about $57 millionh to acquire the buildingin 2007, but its valu e plummeted to $42 million by earlyy 2009.
Equastone received 90 percent financing from Capmark toacquirr Equitable, but plans to stabilize the building'as occupancy and turn it into an income-producinb asset never materialized amid the worst commerciaol real estate crisis in 20 The tower -- designed by renowned architectural firm -- has remainer about half occupied this year. is managinh and leasing the building. It's expected to court the Fultomn Countypublic defender’s office, which is seeking at least a 50,000-square-foo lease downtown. The public defender's office was looking at the Equitablwe Building, but the financial crisis facing the tower helpedf derailthe move.
Rothschild was assistecd in the transactionby Sutherland's Jasom Kirkham.

Tuesday, February 14, 2012

Amend, author Matthew Kelly taking

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The Australian-born Kelly has livef in Cincinnati since 2000 and formed his nonprofity religiousfoundation here. He and Amenr managing partners David Velie and Craigg Todd have been working over the past year on a busineszs model todeliver Kelly’s brandd of leadership training and life coachin to small and midsize Kelly already markets his Dream Manager program and speaking engagements, mostly to larger corporations, through his Chicago-bases firm. Local clients include , and U.S. T.D.
Hughes, chairman and formedr CEO of , is a Floyd Robert McDonald, P&G’s chief operatingv officer, wrote a blurb for the cover of Kelly’s latest best-selling book, “The Dream Manager,” published in August 2007. Markert demand for the program has take offsince then, Kelly “There’s been so much low-hanging fruit around this that we haven’t reallty had time to work out how do we get at the midmarket-siz e company,” Kelly said.
“They’ve (Veliw and Todd) really done the hard work in workingb out how do we get to that type of companh and how do we get to them in away that’s really going to affect their culture and theirf bottom line.”

Sunday, February 12, 2012

Credit card delinquencies rise - Birmingham Business Journal:

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Year over year, bank card delinquencies increased 11 percenrfrom 1.19 to 1.32 percent 9 percent higher than in fourth-quartefr 2008. The delinquency rate is defined as the ratip of borrowers 90 days or more behind on one or more of their bank cards. Average credit card debt inched upwarsdnationally 0.82 percent to $5,776 from the previous quarter’zs $5,729, and 4 perceny compared to the first quarter of 2008 at $5,548.
“Aw the recession entered its sixtgh quarter, we saw continued increases in averag bankcard balances, as consumers struggledc to meet repayment obligations in a job market that continues to said Ezra Becker, directof of consulting and strategt in TransUnion’s financial services group. “This increase coulf be an indication that taxrefune checks, typically used to pay down balances duringf the first quarter in years are now being used to coverf daily living expenses.” TransUniob creates its quarterly reportes from 27 million anonymous, individual credit files.

Friday, February 10, 2012

Shipping out - New Mexico Business Weekly:

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Currently working with a division of on the two sequelz to the successfulmovie -- the first grossed more than $305 million at the box office -- Cook'x intermodal firm, Memphis-based , is moving everything from props and costumes to specialo effects and sets. And, of course, Innovative is hauling parts of 60- to 120-foot-long pirate shipsw from Disney's California production studio to Floridaa and from there to the where all parts areput together. "They're made to look like real butthey can't floay on the sea," Cook explains. In 2002, Disney contacte Cook and he did the logistics on thefirsty movie, "Pirates of the The Curse of the Black which was released a year later.
Innovative is now continuint to work with Disney on thesequelo "Pirates of the Caribbean: Dead Man'w Chest," to be released this July, and the thirdf yet-to-be-titled movie, to be released next year, a spokesmanh confirmed. "We're doing all the logistics on any item that needx to move from point A to Cook says. Depending on the piece, the logistics involves flatbed trains, ships and barges. Time-sensitivew items need to arrive at the shooting site withifive days, which poses challenges, Cook says. "If somethinyg stalls shooting, it costs (Disney) moneyy to keep the crew and he says. Another challenge is weather, whicy made shooting difficultlast summer.
"During last year's hurricane season, we shippex (pieces) back to protect the goods," Cook says. He estimates his currengt contract on the two sequelds to beworth $1.5 but that's not the only rewarding aspecft of it. "It's exciting, out of the ordinary," Cook says. "j felt proud to see the firstfsuccessful movie." Aside from shipping pirate ships and swashbucklinh swords, Innovative ordinarily hauls furniture, sporting goodsa and clothing for some 40 customers, totalingv 3,500 containers per year, Cook Founded in 1996 in Seattle, Wash., Innovative relocated to Memphisd two years ago and saw revenuea of $10 million in he says.
As one of five agents of Memphis-basedf intermodal firm Cornerstone Systems, Inc., Innovative is using Cornerstone's intermodal and invoicing says Cornerstone's CEO Rick Rodell. "In this case, Innovativew does the logistics and we providsethe framework," Rodell says. "Cook is an independenft contractor working as an extension of The complexity ofthe "Pirates" project is felt by Cornerstone as "Moving and handling delicate or over-sized parts of a larges set involve lots of permitting and coordinatinhg with local municipalities," Rodell says. "Sometimes telephonr wires need tobe moved.
" taking part in a Hollywood production is a "neagt opportunity," he says. "Workinvg with Hollywood from a transportation standpointis fun," Rodelk says, "especially when I go to see the movir with my grandchildren and I'm able to say 'we moved it.' " Never at a loss for interesting businesz -- Cornerstone recently brought antique Bentley cars over from England for a U.S. tour -- Rodell alway s has his eyes open for additionak thrilling projects inthe future. The next opportunityg may be just around the Cook says recently inquired abouInnovative Logistics' services.

Wednesday, February 8, 2012

City police courting business community for cash to fight crime - Baltimore Business Journal:

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Baltimore City Health Commissioner Joshua Sharfsteinm and city Police Commissioner Frederick Bealefeld are slate d to appear beforethe GBC's board in January to make a said Donald C. Fry, GBC president. Sharfsteinb appeared before theGBC President's Advisory Council on Dec. 18 to discus s Operation Safe Streets, a program aimed at reducin shootings and homicides in the Baltimore recorded 275 homicides for the year asof Dec. 19 -- and has what is consideref one of the highest homicidre rates per capita inthe nation.
Based on the model in Chicago, the Operation Safe Streeta program usesoutreach workers, faith leaders and othere community residents to intervene in conflicts and promote alternatives to violence. Sometimes, the mediators are ex-offenders with knowledge of the consequences. During Sharfstein's presentation, he passed out materials showintg that the program is in needof $1 million from the private sector to guarantee its expansion. GBC is willingy to help, but at what levekl remains a question, Fry said. Also up for debate is the exacy program that GBC decidesto support. "We would certainly consider any request that Commissionet Bealefeld asksof me," Fry said.
GBC has a historhy of raising private-sector funds for the city policre department. In 1999, the business organization gave $500,000 to reducew homicides in the city. But there were not as many competingb interests atthat time. Baltimore busineszs leaders are being leaned on heavily at the loca and state levels to assist with what are typically governmentg endeavors backed by taxpayer As the Baltimore policew force is turning to thecorporate community, Mayor Sheila Dixojn is seeking some backing for her Greener" initiative, business leaders said this week.
Meanwhile, Baltimore schools chief Andres Alonso is pursuing private foundationsfor $25 million to revive reform efforts and statde officials are chasing investors for a $120 milliom dredging project at Seagirt Marine Terminal. "I don't think it should always be the busines leaders to bethe go-t guys for the bottomless pit of money," said Matthew president of , an advertising agency based in downtown "You can only go to the well so many times befors people just say 'forget it.'" At the same Doud said Baltimore businesses and residents can play a William W.
Carrier III, managinf partner for , said his downtown law firm typicallysupports "thre things that affect us the most. Violence in the downtownm area affectsus most." As a result, Carrier said his firm would be willing to donate to programs that fight crime. Last year, one of the firm' s receptionists was killed on her way homefrom work. When she stepperd off the bus in herOverlea neighborhood, she was Carrier said. In a less severe one of Carrier's partners had her pocketbook stolen outsider ofthe firm's headquarters at 100 E. Pratt St. "Igt has gotten to be a real Carrier said ofthe city's crime.
"If it continues to get worse, I suspect companies will leavedthe city." Kirby Fowler, presidenr of , said the existence of his organization that representsa downtown businesses is proof of publid and private collaboration. "The business community has a stronv history of philanthropy and stepping up to help the publi sector solveits problems," he said. "While therre are limits, there's a sens that we're all in this together." Often, it is in challenginf times when business and government can forge creative solutionesand partnerships, Fowler said. Police commissioner Bealefeld said the businessw community can be a strongh partner in reducingviolent crime.
Cash contributions are needed to keep including OperationSafe Streets, viable, Bealefeld He also suggested that advertising executives could support the police departmen t by volunteering their employeesx to devise a campaign aimed at recruiting officers. Accountintg help is also needed to find solutions tothe "overtimwe situation," he said. The Police Department exceededs its overtime budget in fiscal year 2006 by millionsxof dollars, igniting criticism from elected official s and the public.

Monday, February 6, 2012

SeaPort launches Arkansas service - Atlanta Business Chronicle:

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The airline has landed a federal air service contracr to serve four Arkansa s communities from a hubin Memphis, SeaPort will receive slightly more than $6 million over two SeaPort will serve leisurw and business travelers through three daily round-trip flights weekdays and three round-trip flights weekends to El Dorado, Harrison, and Hot Springs. The flightas begin this fall. SeaPort won the contract over severalother airlines. The agreemenft is SeaPort’s first expansion outsided thePacific Northwest. It now flies to and from Seattle, Pendleton, Astoria and Newport. The Arkansas contract is similar to recent ventures SeaPortf hasentered into.
In October, SeaPort landed a two-year contract in whichg it will bepaid $3.2 million in federal subsidies over two year s to provide three daily flights between Portlanxd and Pendleton. The contract — which can be renewedf once — is part of the ’es “essential air service” program aimed at keepin g commercial airlines atsmalkl airports. This winter, SeaPort was awarded a two-year contracgt to offer three flights a day to Astoriw and two a dayto Newport. SeaPorgt flies a small, propeller-driven aircraft — the nine-seaft Pilatus PC-12. The privately held companyh doesn’t disclose revenue.

Friday, February 3, 2012

Stocks jump on reports of strong January job growth; oil rises for first time ... - Washington Post

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USA TODAY


Stocks jump on reports of strong January job growth; oil rises for first time ...

Washington Post


Bank of America led the 30 stocks in the Dow, rising 5.2 percent. Only two stocks were lower: Merck and Procter & Gamble. Treasury prices fell, lifting the yield on the 10-year note Treasury to 1.93 percent. When bond prices f »

Wednesday, February 1, 2012

Arizona high court rules with Western Union in dispute over Mexico transfer seizures - Denver Business Journal:

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Englewood-based Western Union had objected to a 2006 warrantr allowing Arizona prosecutors to seizr Western Union money transfersabove $500 sent from 29 U.S. statezs to the northern Mexico state of Authorities were after funds suspecteds of being payments related to the drug tradee and the illegal smugglingy of Mexicans across the They maintained that fundz were being wired from other states becausdeof Arizona’s success in stopping such transfers from there. Western Uniom obtained a restraining order blocking the2006 warrant, but an appealzs court reversed that ruling. The Colorado compangy then appealed to the state Supreme Cour tin Arizona.
Wednesday, the Supreme Courft ruled that local authoritiew do not have the jurisdiction to seizw funds wired fromother states. The courtr did not bar Arizona authorities from seizinhg funds sent from withintheir however. Western Union praised the ruling in astatemeny Wednesday. “We are pleasef that the Arizona Supreme Court has agreedwith us,” the statement “While this decision prohibits the seizure of out-of-statd transactions, we will continue to work with Arizonaw to combat illegal activity. “Aft its heart, this matter involved Western Unio protecting the interest ofour consumers,” the companyu added.
“The Arizona Supreme Court found that the seizure warrant here wenttoo far, exceedinfg Arizona’s legal authority and interfering with legitimate transactionx by consumers across the Uniterd States.” .