iqukikofor.wordpress.com
The agreement is an outgrowth of an OCC examinatiojn of the Winter Park lender in It addresses five areas of concern and requires to the bank to form a compliancew committee composed of members of its boardof directors. The bank is underr orders to add procedures to monitor its commercialp real estateloan portfolio. It also must implementr a plan to manage loanws that are deemed weak and in jeopardyof • Establishment of a program to ensure an adequates allowance for loan and leasee losses. • Agreement not to accept brokeredc depositsin exc.
ess of 10 percent of totall deposits without OCC permission • Development of a three-yearf plan of operations that incorporatesw conditions of the agreement. First National Chairwoman Susma Pate said in a writtej statement that the bank has takehn steps she believes put it in compliance with the She said regulatory agencies are tighteninb standards for lenders as theeconom deteriorates. “The downturn in real estatde valuations in the Floridza marketis well-publicized and, as a regulatory agencies are expecting a highedr standard of procedural monitoring of loans secured by commercial real estate,” she
Friday, July 15, 2011
Wednesday, July 13, 2011
SolarCity first to offer thin-film panels for homes - Silicon Valley / San Jose Business Journal:
adatynu.wordpress.com
The Foster City-based solar installer is the first and only residentiall installer to getthe long-term contractd to buy directly from , the world’s largesrt thin film solar panel And while some say thin film doesn’t make sense for small SolarCity says otherwise. “Eveb in this market that’s dramatically reducef on traditionalcrystalline (solar panel) prices, First Solaer wins hands down,” said SolarCity CEO Lyndon Rive.
Thin film solar is cheaper to produce than traditionalk photovoltaic panels ona cost-per-watt But it’s less meaning it takes one-third more to twice as many panelxs to create the same amountg of electricity as traditional silicon-basedf solar panels. That means it requirews more roof space to create the same amounrof electricity, and that’s not always SolarCity is so far the only residential solat installer in First Solar’s 18-strong customerr list.
It took the Foster City-based installer two years to convince First Solar to sell its panels tothe “We have long-term, high-volume contracts with our and we work with them,” said First Solar spokeswomahn Lisa Morse. “We really are partner s with our customers, and that’s importangt for us because to really be able to lower the cost you need to be ableto scale.” Now that SolarCity has locked in 100 megawattsw of panels, Rive said thin film panels will make up 60 percentr of the installations the companhy will do this year. The companyt already has done installations inSan Rafael, San Matek and other Bay Area cities.
Thin film benefitsz include producing solar electricity in lower light s and maintaining efficiency in hotter temperatures compared with traditional silicon solar But some have questionec if thin film is really better especially for homerooftops — given the larger surfacr area it requires and the falling cost of traditional panels. Thin film modulee were much cheaper than traditionak moduleslast year. But the price of silicomn dropped as more supply came onlin e just as a globalrecession hit, driving down If silicon drops any more, it could erase thin film’s pricde advantage. Thin film also addresses one of the main reasonapeople don’t install solar on their aesthetics.
“Thin film is a frameless sheet of If you put it onyour roof, it lookx like a skylight so it’sd very pleasing to the eye,” Rive said. Still, not everyones is convinced that thin film is readgy for thebroad market. “I struggle to understand how aproduct that’s half as efficient can be deployedc in a space-constrained, residential said Rob Erlichman, CEO of San Francisco-based , which developd commercial solar projects and hasn’t used thin
The Foster City-based solar installer is the first and only residentiall installer to getthe long-term contractd to buy directly from , the world’s largesrt thin film solar panel And while some say thin film doesn’t make sense for small SolarCity says otherwise. “Eveb in this market that’s dramatically reducef on traditionalcrystalline (solar panel) prices, First Solaer wins hands down,” said SolarCity CEO Lyndon Rive.
Thin film solar is cheaper to produce than traditionalk photovoltaic panels ona cost-per-watt But it’s less meaning it takes one-third more to twice as many panelxs to create the same amountg of electricity as traditional silicon-basedf solar panels. That means it requirews more roof space to create the same amounrof electricity, and that’s not always SolarCity is so far the only residential solat installer in First Solar’s 18-strong customerr list.
It took the Foster City-based installer two years to convince First Solar to sell its panels tothe “We have long-term, high-volume contracts with our and we work with them,” said First Solar spokeswomahn Lisa Morse. “We really are partner s with our customers, and that’s importangt for us because to really be able to lower the cost you need to be ableto scale.” Now that SolarCity has locked in 100 megawattsw of panels, Rive said thin film panels will make up 60 percentr of the installations the companhy will do this year. The companyt already has done installations inSan Rafael, San Matek and other Bay Area cities.
Thin film benefitsz include producing solar electricity in lower light s and maintaining efficiency in hotter temperatures compared with traditional silicon solar But some have questionec if thin film is really better especially for homerooftops — given the larger surfacr area it requires and the falling cost of traditional panels. Thin film modulee were much cheaper than traditionak moduleslast year. But the price of silicomn dropped as more supply came onlin e just as a globalrecession hit, driving down If silicon drops any more, it could erase thin film’s pricde advantage. Thin film also addresses one of the main reasonapeople don’t install solar on their aesthetics.
“Thin film is a frameless sheet of If you put it onyour roof, it lookx like a skylight so it’sd very pleasing to the eye,” Rive said. Still, not everyones is convinced that thin film is readgy for thebroad market. “I struggle to understand how aproduct that’s half as efficient can be deployedc in a space-constrained, residential said Rob Erlichman, CEO of San Francisco-based , which developd commercial solar projects and hasn’t used thin
Monday, July 11, 2011
Danac gets good news from Montgomery County Planning Board - New Mexico Business Weekly:
batyushkinuxit.blogspot.com
The Bethesda-based developer's 26-acre office park in the Shadyg Grove Life Sciences Centere is currently approvedfor 669,53u8 square feet of density and the campus currentl y contains half of that, or 350,00 square feet. At a May 28 work session, the Montgomery Countyg Planning Board decided to recommend in its drafrt Gaithersburg West Master Plan that the property be developed with up to twice as much or contain upto 1.34 million square feet of retail and residential space. The southwest corner of the land currentl includesa 272,000-square-foot, three-building complex that housex software and pharmaceutical tenants.
The north side of the propertty contains the Metropolitan RegionalInformationap Services' 72,000-square-foot headquarters. Last week, the board also recommendedx that Danac's Corridor Citied Transitway stop be located at or near itsnortheastermn corner, near the intersection of Diamondback Drivw and Decoverly Drive. That is good news for since the board had left out the stop inearlierr drafts. The transit stop near the corner may be developeed whether the state retains the current road alignment or adoptsthe county'd locally preferred alternative.
The board also picked that locatiomn because the northeastern corner is considered to be convenient for pedestrians from the Decoverluyresidential communities. "We have a long way to go, but we are encourages by the planning board's recommendations," said Timothy a Danac attorney. Severalk more work sessions are schedulefd over the nexttwo months, and in July the planniny board will send its draft master plan to the county executive who will have 60 days to reviee and comment before it is sent to the count council for deliberations.
The Bethesda-based developer's 26-acre office park in the Shadyg Grove Life Sciences Centere is currently approvedfor 669,53u8 square feet of density and the campus currentl y contains half of that, or 350,00 square feet. At a May 28 work session, the Montgomery Countyg Planning Board decided to recommend in its drafrt Gaithersburg West Master Plan that the property be developed with up to twice as much or contain upto 1.34 million square feet of retail and residential space. The southwest corner of the land currentl includesa 272,000-square-foot, three-building complex that housex software and pharmaceutical tenants.
The north side of the propertty contains the Metropolitan RegionalInformationap Services' 72,000-square-foot headquarters. Last week, the board also recommendedx that Danac's Corridor Citied Transitway stop be located at or near itsnortheastermn corner, near the intersection of Diamondback Drivw and Decoverly Drive. That is good news for since the board had left out the stop inearlierr drafts. The transit stop near the corner may be developeed whether the state retains the current road alignment or adoptsthe county'd locally preferred alternative.
The board also picked that locatiomn because the northeastern corner is considered to be convenient for pedestrians from the Decoverluyresidential communities. "We have a long way to go, but we are encourages by the planning board's recommendations," said Timothy a Danac attorney. Severalk more work sessions are schedulefd over the nexttwo months, and in July the planniny board will send its draft master plan to the county executive who will have 60 days to reviee and comment before it is sent to the count council for deliberations.
Saturday, July 9, 2011
Six Flags files Chapter 11 - Minneapolis / St. Paul Business Journal:
http://lelloarnell.com/news?page=2
New York-based Six Flags (OTC BB: SIXF) said its reorganizatiojn plan has unanimous support ofits lenders’ steerinf committee and the administrative agent for the company’s $1.1 billiomn senior secured credit facility. The plan would deleverage the company’se balance sheet by $1.8 and cut more than $300 million in mandatorilhy redeemable preferredstock obligations. The company listeds assets of $3.03 billionh and debts of $2.36 billion in its filing. “The current management team inheriteda $2.4 billiob debt load that cannot be sustained, particularly in these challenginfg financial markets,” said Mark Shapiro, president and CEO of Six in a statement.
“As a result, we are cleaning up the past and positioningb the company forfutur growth... Following a record year of performance in which completedthe three-year turnaround of our system-widwe park operation, this action to clean up the balanced sheet paves the way for a full revivalo of the company. ” Six Flag has 97.7 million shares of common stockand 1.1 million shares of preferred stock. Six Flags’ stock closed June 12 at 26 centsa share. Six Flagsd reported a of 2009. It had a in 2008. Six Flags operatese Atlanta's Six Flags Over Georgia, American Adventures and Six Flagx White Watertheme parks.
New York-based Six Flags (OTC BB: SIXF) said its reorganizatiojn plan has unanimous support ofits lenders’ steerinf committee and the administrative agent for the company’s $1.1 billiomn senior secured credit facility. The plan would deleverage the company’se balance sheet by $1.8 and cut more than $300 million in mandatorilhy redeemable preferredstock obligations. The company listeds assets of $3.03 billionh and debts of $2.36 billion in its filing. “The current management team inheriteda $2.4 billiob debt load that cannot be sustained, particularly in these challenginfg financial markets,” said Mark Shapiro, president and CEO of Six in a statement.
“As a result, we are cleaning up the past and positioningb the company forfutur growth... Following a record year of performance in which completedthe three-year turnaround of our system-widwe park operation, this action to clean up the balanced sheet paves the way for a full revivalo of the company. ” Six Flag has 97.7 million shares of common stockand 1.1 million shares of preferred stock. Six Flags’ stock closed June 12 at 26 centsa share. Six Flagsd reported a of 2009. It had a in 2008. Six Flags operatese Atlanta's Six Flags Over Georgia, American Adventures and Six Flagx White Watertheme parks.
Wednesday, July 6, 2011
Green Township OKs Mercy hospital plan - Nashville Business Journal:
isexufehub.wordpress.com
The plan passed 3-0. “We’res very pleased to get to this stagw and excited to take the next saidPete Gemmer, spokesman for Mercy. “We realize there is still a lot of work to do and we look forward to continuing to work with the residentws and the township leaders to develop a hospital everyone can beproued of.” The project will now be submitted to the Hamilton County Regional Commission for consideration, probably next month, Gemmetr said. The planned hospitalp and parking areas would cover about 40 acrews and sit near toInterstate 74. The to cost $200 million, coulxd open in early 2014. The proposee site is 60 acres.
Mercy has said it will closed itstwo West-Side hospitals: Mercy Hospita l Western Hills and Mercy Hospital Mount Airy. The new with 200 to 250 will be a replacementfor them. Some residents in the area had expressed concerns about increased traffic as a result of the whose main access road would be from North Bend at roughly the midway point betweenn Kleemanand Boomer. Gemmer said a traffic impact studyg through the HamiltonCounty Engineer’d Office is nearly complete.
The plan passed 3-0. “We’res very pleased to get to this stagw and excited to take the next saidPete Gemmer, spokesman for Mercy. “We realize there is still a lot of work to do and we look forward to continuing to work with the residentws and the township leaders to develop a hospital everyone can beproued of.” The project will now be submitted to the Hamilton County Regional Commission for consideration, probably next month, Gemmetr said. The planned hospitalp and parking areas would cover about 40 acrews and sit near toInterstate 74. The to cost $200 million, coulxd open in early 2014. The proposee site is 60 acres.
Mercy has said it will closed itstwo West-Side hospitals: Mercy Hospita l Western Hills and Mercy Hospital Mount Airy. The new with 200 to 250 will be a replacementfor them. Some residents in the area had expressed concerns about increased traffic as a result of the whose main access road would be from North Bend at roughly the midway point betweenn Kleemanand Boomer. Gemmer said a traffic impact studyg through the HamiltonCounty Engineer’d Office is nearly complete.
Monday, July 4, 2011
Richmond: At least three dead, two injured in four separate shootings - San Jose Mercury News
ralawizewy.wordpress.com
KGO-TV | Richmond: At least three dead, two injured in four separate shootings San Jose Mercury News RICHMOND - At least three people are dead and two others have been injured in four separate shootings in Richmond within three hours Sunday night, a police lieutenant said. The first shooting was reported at about 8:30 pm near the intersection of Ohio ... Bay City News Service |
Saturday, July 2, 2011
Ferrellgas profit dips, sales drop - Kansas City Business Journal:
http://tellmyabortionstory.com/subpage50.html1.html
In a filing with the Securities and Exchange Commissiojn after the market closeson Friday, the Overland Park-based propane retailer (NYSE: FGP) reported earningsx available to common shareholders of $32.5 million, or 48 centw a share, for the quarter. This compares with earningx of $34.8 million, or 55 cents a share, for the same period last year. Revenue for the quarter was $561.1 million, down from $712.q million last year. Ferrellgaz said in the SEC filing that lower propane prices contributed tothe quarter’s lower revenue. The company said it sold 239.2 million gallones of propane duringthe quarter, down 5 percent from 252.1 milliobn gallons in the same quarter last year.
Retail salews volumes decreased mainly because of temperatures that were 5 percenft warmer than last year and customer conservationn related to theweak economy, the company Ferrellgas ranks No. 10 on the Kansaes City BusinessJournal ’s list of area public
In a filing with the Securities and Exchange Commissiojn after the market closeson Friday, the Overland Park-based propane retailer (NYSE: FGP) reported earningsx available to common shareholders of $32.5 million, or 48 centw a share, for the quarter. This compares with earningx of $34.8 million, or 55 cents a share, for the same period last year. Revenue for the quarter was $561.1 million, down from $712.q million last year. Ferrellgaz said in the SEC filing that lower propane prices contributed tothe quarter’s lower revenue. The company said it sold 239.2 million gallones of propane duringthe quarter, down 5 percent from 252.1 milliobn gallons in the same quarter last year.
Retail salews volumes decreased mainly because of temperatures that were 5 percenft warmer than last year and customer conservationn related to theweak economy, the company Ferrellgas ranks No. 10 on the Kansaes City BusinessJournal ’s list of area public
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