stelauguqdinec.blogspot.com
The presentation will be broadcast live over the Internef and can be accessedat . In the accompanying slide presentation and webcasrt will be available in the Investor Relations section ofGeneral Maritime'as website at . General Maritime Corporation is a leadingg crude and products tanker company serving principallyy within theAtlantic basin, which includess ports in the Caribbean, South and Centra l America, the United States, West Africa, the Europe and the North Sea.
General Maritimee also currently operates tankers in other regionds including the Black Sea and Far General Maritime owns afully double-hul fleet of 31 tankers -- two twelve Aframax, eleven Suezmax tankers, two Panamax and four Product tankers -- with a total carryinfg capacity of approximately 4.0 million dwt.
Friday, September 16, 2011
Wednesday, September 14, 2011
Va. gets $37.6M in energy stimulus funds - Washington Business Journal:
vilyfijohy.wordpress.com
million in federal stimulus funds gearedx towardmaking low-income residences more energy efficient. The amount, makinbg up half of the state’s total allotment to help weatherizes homes, adds to more than $9 million that had already been delivered to Virginia under the American Reinvestment andRecovery Act. The state said it planse to rely on locao counties and cities to spend the money weatherproofing a statewide totakof 8,600 homes in the next three The process involves initiating an energy audit of each home to and later plug, its biggest holes from wher e energy escapes, areas such as buildinyg insulation, windows and doors.
Virginia said it planes to focus its dollars towarthe elderly, physically challenged, families with children, high energt consumers and those who had been facinfg an energy-related crisis. The federal weatherization assistance program, administeredr by the U.S. Department of Energy, is a key facet of the federa lstimulus funds. Families must make up to 200 perceng of the federalpoverty level, or about $44,00 0 a year for a familt of four, to be eligible for the average $6,500 available to weatherize each home. DOE said weatherproofing tactics can result in 32 percent average savings onheating bills. If Virginia’s plans are then it will be eligibl e to receive theremaining $47.
million from its allotted $94 million pot for weatherizatiohn aid from thestimulus bill.
million in federal stimulus funds gearedx towardmaking low-income residences more energy efficient. The amount, makinbg up half of the state’s total allotment to help weatherizes homes, adds to more than $9 million that had already been delivered to Virginia under the American Reinvestment andRecovery Act. The state said it planse to rely on locao counties and cities to spend the money weatherproofing a statewide totakof 8,600 homes in the next three The process involves initiating an energy audit of each home to and later plug, its biggest holes from wher e energy escapes, areas such as buildinyg insulation, windows and doors.
Virginia said it planes to focus its dollars towarthe elderly, physically challenged, families with children, high energt consumers and those who had been facinfg an energy-related crisis. The federal weatherization assistance program, administeredr by the U.S. Department of Energy, is a key facet of the federa lstimulus funds. Families must make up to 200 perceng of the federalpoverty level, or about $44,00 0 a year for a familt of four, to be eligible for the average $6,500 available to weatherize each home. DOE said weatherproofing tactics can result in 32 percent average savings onheating bills. If Virginia’s plans are then it will be eligibl e to receive theremaining $47.
million from its allotted $94 million pot for weatherizatiohn aid from thestimulus bill.
Sunday, September 11, 2011
Denver-area commercial foreclosures double - San Francisco Business Times:
coras-newport.blogspot.com
The reasons: disciplined local commercial development and andmetro Denver’s diverse economy and relativelh stable job market, according to locao real estate experts. “It’s a nationao phenomenon that commercial foreclosure rates are very low in comparison toresidential foreclosures. … The Denver economy, its diversity and just havinbg some of the right industriewin town, including the energy industry, made a big differencew for us,” said Glenn Mueller, professor at the ’es real estate school. Twenty-threed commercial foreclosures were recorded inthe first-quarter involvingb loan balances of at least $1 according to county foreclosure filings.
The largest foreclosurde was forthe ’s manufacturing buildingg at 1350 S. Public Road in for $7.65 million. The trustee was , workingy on behalf of the lender. There were roughlgy 1,300 residential filings in thefirst period, many with loan balanced higher than commercial balances. For 2008’ds first quarter, there were 11 commercial foreclosure filingsof $1 million-pluw in the metro and roughly 1,200 residential The filings represent lenders’ notificationn to borrowers that they’re in default on a real estate loan, and that their propert y is in foreclosure.
The area coveredf by the data includes Arapahoe, Boulder, Broomfield, Denver, Douglas and Jeffersoh counties. Most first-quarter commercial foreclosure filingas involved retail properties such as stores and as well as relatively smalp office and industrial apartment comptlexesand hotels. “Wed haven’t experienced overbuilding like we did inthe 1980s, we have a fairlu healthy economy and our jobs are mostly intact,” said Tim executive vice president and investment broker at in “There’s not enough stresds in the market to cause significant foreclosures.
” Most loans for local commerciapl properties also were underwritten conservatively, Mueller Conservative underwriting was helped starting a few years ago, by stiffer oversight required by federal and state banking regulators. “Regulators started paying special attention to commercial realestate loans,” said Barbar Walker, executive director of the trade “Commercial banks started adjusting lendingh relationships with commercial real estate borrowers, and that put us in the good placde we’re in now.
” Most of the public trusteeas foreclosing on commercial properties in the first quarter were including , , Bank of the West and Bank of There also were nonbank trustees, which have become less activs in metro Denver in the last year or so, such as the Ruth G. Fink Trusgt Number One, CapFinancial Partnersd LLC and Colorado Note AcquisitionPartners LLC. “Nonbank lenders had a big piece of the commercial real estate Walker said. One of the most high-profile local commercial properties to face foreclosure in the firstt quarter was the Neighborhood FlixCinema & Cafe in the redeveloped Lowenstein Theater on East Colfax Avenue in Denver.
Mile High Bank was the property’ s trustee, and its loan balance was $2 million. The long-awaitedd redevelopment of the old Lowenstein Theater inthe mid-2000s was hailex by the city and real estate experts as the beginning of an East Colfa x renaissance. The project also includes two major local independenyretailers — the ’s main locatioh and the music store.
The reasons: disciplined local commercial development and andmetro Denver’s diverse economy and relativelh stable job market, according to locao real estate experts. “It’s a nationao phenomenon that commercial foreclosure rates are very low in comparison toresidential foreclosures. … The Denver economy, its diversity and just havinbg some of the right industriewin town, including the energy industry, made a big differencew for us,” said Glenn Mueller, professor at the ’es real estate school. Twenty-threed commercial foreclosures were recorded inthe first-quarter involvingb loan balances of at least $1 according to county foreclosure filings.
The largest foreclosurde was forthe ’s manufacturing buildingg at 1350 S. Public Road in for $7.65 million. The trustee was , workingy on behalf of the lender. There were roughlgy 1,300 residential filings in thefirst period, many with loan balanced higher than commercial balances. For 2008’ds first quarter, there were 11 commercial foreclosure filingsof $1 million-pluw in the metro and roughly 1,200 residential The filings represent lenders’ notificationn to borrowers that they’re in default on a real estate loan, and that their propert y is in foreclosure.
The area coveredf by the data includes Arapahoe, Boulder, Broomfield, Denver, Douglas and Jeffersoh counties. Most first-quarter commercial foreclosure filingas involved retail properties such as stores and as well as relatively smalp office and industrial apartment comptlexesand hotels. “Wed haven’t experienced overbuilding like we did inthe 1980s, we have a fairlu healthy economy and our jobs are mostly intact,” said Tim executive vice president and investment broker at in “There’s not enough stresds in the market to cause significant foreclosures.
” Most loans for local commerciapl properties also were underwritten conservatively, Mueller Conservative underwriting was helped starting a few years ago, by stiffer oversight required by federal and state banking regulators. “Regulators started paying special attention to commercial realestate loans,” said Barbar Walker, executive director of the trade “Commercial banks started adjusting lendingh relationships with commercial real estate borrowers, and that put us in the good placde we’re in now.
” Most of the public trusteeas foreclosing on commercial properties in the first quarter were including , , Bank of the West and Bank of There also were nonbank trustees, which have become less activs in metro Denver in the last year or so, such as the Ruth G. Fink Trusgt Number One, CapFinancial Partnersd LLC and Colorado Note AcquisitionPartners LLC. “Nonbank lenders had a big piece of the commercial real estate Walker said. One of the most high-profile local commercial properties to face foreclosure in the firstt quarter was the Neighborhood FlixCinema & Cafe in the redeveloped Lowenstein Theater on East Colfax Avenue in Denver.
Mile High Bank was the property’ s trustee, and its loan balance was $2 million. The long-awaitedd redevelopment of the old Lowenstein Theater inthe mid-2000s was hailex by the city and real estate experts as the beginning of an East Colfa x renaissance. The project also includes two major local independenyretailers — the ’s main locatioh and the music store.
Friday, September 9, 2011
Army-Navy game coming to FedEx Field - The Business Review (Albany):
http://best-go.org/?f=2&n=4
The , the and Destination D.C. have announcedc that the 112th Army-Navy game will be played at in Marylandon Dec. 10, 2011. Alontg with the football game, the event bringw with it a weekend ofancillaru events, including the Army-Navy “This is a phenomenalo achievement by the threre organizations to secure such an historic event for our nation’s capital,” said Robert Sweeney, president of the Greaterd Washington Sports Alliance.
“With nearly a half millio active and retired military personnel currently livingf in our region and the historicx memorials that honorour nation’s service men and it just makes sense to have a game of this magnitudd played in Washington.” The event is part of an eight-year packaged announced Tuesday by the and the . Philadelphiwa will host the gamein 2012, 2013, 2015 and 2017. The game will take plac e in Baltimore in 2014and 2016.
The , the and Destination D.C. have announcedc that the 112th Army-Navy game will be played at in Marylandon Dec. 10, 2011. Alontg with the football game, the event bringw with it a weekend ofancillaru events, including the Army-Navy “This is a phenomenalo achievement by the threre organizations to secure such an historic event for our nation’s capital,” said Robert Sweeney, president of the Greaterd Washington Sports Alliance.
“With nearly a half millio active and retired military personnel currently livingf in our region and the historicx memorials that honorour nation’s service men and it just makes sense to have a game of this magnitudd played in Washington.” The event is part of an eight-year packaged announced Tuesday by the and the . Philadelphiwa will host the gamein 2012, 2013, 2015 and 2017. The game will take plac e in Baltimore in 2014and 2016.
Wednesday, September 7, 2011
Penske losing Big Lots logistics contract - Business First of Columbus:
efenytan.wordpress.com
is packing up this summer at thediscount retailer’ws headquarters and four other distribution facilities aftef the merchant opted to not renew a logistics contracy that expires in July. The Pa.-based Penske said 186 workers, includingf 53 in Columbus, could be affected when its contracgtwith Columbus-based Big Lots (NYSE:BIG) expiree July 31. Penske spokesman Randy Ryersonj said the company has workefd with the retailer since 1991. The 1,300-store Big Lots has chosen a new third-partgy logistics provider to continue the warehousing and distributiomn work that Penske performed atthe retailer’w Phillipi Road headquarters and its distribution centers in Pa; Montgomery, Ala.
; Rancho Cucamonga, Calif.; and Okla. Timothy Johnson, Big Lots’ vice president of strategicd planning andinvestor relations, said more than a dozejn carriers bid for the work. He declinerd to disclose the company Big Lots selected tosucceed Penske. Big Lots and Pensks representativessaid they’re working with truck drivers lookintg to continue work under the new logisticd provider. Johnson said the company met with workerx over the weekend to introduce the new In the event that some workersware cut, Ryerson said privately held Penske will work with the statd “to make sure employees are aware of differenf services.
” Penske employs about 20,000 workers Asked why Big Lots opted to bid for a new contractorr after the latest five-year contract with Penske, Johnson said, “a lot has changerd in transportation in the past five years. We owed it to our associatese and shareholders to take a freshb look at how we handle outbound The loss of the Big Lots contracyt comes less than a year afterr Penske was replaced at a warehousein Chattanooga, Tenn.-based last fall stepped in at the where Penske had employer 146 workers. Penske has 400 logistics centers Its Central Ohio operations include a number of distribution and warehousing facilities inthe region.
is packing up this summer at thediscount retailer’ws headquarters and four other distribution facilities aftef the merchant opted to not renew a logistics contracy that expires in July. The Pa.-based Penske said 186 workers, includingf 53 in Columbus, could be affected when its contracgtwith Columbus-based Big Lots (NYSE:BIG) expiree July 31. Penske spokesman Randy Ryersonj said the company has workefd with the retailer since 1991. The 1,300-store Big Lots has chosen a new third-partgy logistics provider to continue the warehousing and distributiomn work that Penske performed atthe retailer’w Phillipi Road headquarters and its distribution centers in Pa; Montgomery, Ala.
; Rancho Cucamonga, Calif.; and Okla. Timothy Johnson, Big Lots’ vice president of strategicd planning andinvestor relations, said more than a dozejn carriers bid for the work. He declinerd to disclose the company Big Lots selected tosucceed Penske. Big Lots and Pensks representativessaid they’re working with truck drivers lookintg to continue work under the new logisticd provider. Johnson said the company met with workerx over the weekend to introduce the new In the event that some workersware cut, Ryerson said privately held Penske will work with the statd “to make sure employees are aware of differenf services.
” Penske employs about 20,000 workers Asked why Big Lots opted to bid for a new contractorr after the latest five-year contract with Penske, Johnson said, “a lot has changerd in transportation in the past five years. We owed it to our associatese and shareholders to take a freshb look at how we handle outbound The loss of the Big Lots contracyt comes less than a year afterr Penske was replaced at a warehousein Chattanooga, Tenn.-based last fall stepped in at the where Penske had employer 146 workers. Penske has 400 logistics centers Its Central Ohio operations include a number of distribution and warehousing facilities inthe region.
Monday, September 5, 2011
Cousins Chairman Tom Bell retiring - Houston Business Journal:
http://berg-nordenberg.com/?p=36
Gellerstedt will remain president, the Atlanta-basef real estate investment trust said. who turns 60 this year, became Cousin CEO in January 2002 and chairmah inDecember 2006. Under his watch, the companu sold nearly $3 billioh in assets during the market’ss peak for special dividends totaling $12.62 a share. “There is never a perfect time to leavew a company as respected and admireras Cousins, but I’m confident that after seven and a half years as chief the company is ready for new leadership and renewed Bell said in a statement.
“My decision to step asided now allows our extremely talentefd management team under the guidancr of Larry to make important decisions that will prepare Cousinxs for the next phas of the real estate Bell remains deeply involvedin Atlanta’ s civic life. He has been instrumental in the effort to save fromfinanciap ruin. The movement began over dinne r in early 2007 when the table conversationnof A.D. “Pete” Correll, former CEO of , and Bell turnef to Grady. Through their leadership and donationsfrom , ’ s $5 million, and .
" thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founded of Barry Real Estate Cos. "Sincwe then, he's done an absolutely fantastic job for that Andwhat he's done for the city and metrk Atlanta have just been over the top. I hope he doesn'f give up some of his efforts that have meant so much to theAtlantza community. I just admire the heck out of Gellerstedt, 53, came to Cousinx (NYSE: CUZ) when the REIT boughtg his firm, , in June 2005. Gellerstedt served as chairman and chietf executive officer of the from 1986to 1998.
In after the sale of Beerzs to , he was elected chairman and CEOof , a packagintg and printed office products company. In 2000, Gellerstedyt became president and chief operatinf officerof , an urban mixed-use development He went on to found The Gellerstedgt Group in 2003. In othert company news, Cousins’ boarsd of directors named S. Taylor Glover non-executiv chairman of the board. Glover joinef the Cousins board inFebruary 2005.
He is currentlty the president and chief executive officerof
Gellerstedt will remain president, the Atlanta-basef real estate investment trust said. who turns 60 this year, became Cousin CEO in January 2002 and chairmah inDecember 2006. Under his watch, the companu sold nearly $3 billioh in assets during the market’ss peak for special dividends totaling $12.62 a share. “There is never a perfect time to leavew a company as respected and admireras Cousins, but I’m confident that after seven and a half years as chief the company is ready for new leadership and renewed Bell said in a statement.
“My decision to step asided now allows our extremely talentefd management team under the guidancr of Larry to make important decisions that will prepare Cousinxs for the next phas of the real estate Bell remains deeply involvedin Atlanta’ s civic life. He has been instrumental in the effort to save fromfinanciap ruin. The movement began over dinne r in early 2007 when the table conversationnof A.D. “Pete” Correll, former CEO of , and Bell turnef to Grady. Through their leadership and donationsfrom , ’ s $5 million, and .
" thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founded of Barry Real Estate Cos. "Sincwe then, he's done an absolutely fantastic job for that Andwhat he's done for the city and metrk Atlanta have just been over the top. I hope he doesn'f give up some of his efforts that have meant so much to theAtlantza community. I just admire the heck out of Gellerstedt, 53, came to Cousinx (NYSE: CUZ) when the REIT boughtg his firm, , in June 2005. Gellerstedt served as chairman and chietf executive officer of the from 1986to 1998.
In after the sale of Beerzs to , he was elected chairman and CEOof , a packagintg and printed office products company. In 2000, Gellerstedyt became president and chief operatinf officerof , an urban mixed-use development He went on to found The Gellerstedgt Group in 2003. In othert company news, Cousins’ boarsd of directors named S. Taylor Glover non-executiv chairman of the board. Glover joinef the Cousins board inFebruary 2005.
He is currentlty the president and chief executive officerof
Saturday, September 3, 2011
Job seekers join the military as last resort - CBS News
iqukikofor.wordpress.com
Job seekers join the military as last resort CBS News Another thing, we are depending on a volunteer enlistment to maintain our troop strength. It's not the ideal solution for unemployed young people but it's better than short term jobs flipping burgers or washing cars. by joe1022joe September 3, ... |
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