Tuesday, July 26, 2011
Tulkoff asks for $6M in state bonds - Baltimore Business Journal:
Family-owned Tulkoff, which has made horseradishg in Baltimore since theearlhy 1920s, decided on the new site last Tulkoff had been looking for a new location for its East Baltimorew plant because the surrounding area has becom e less industrial and more of a haven for young professionals who are rehabbingt homes. Tulkoff has asked MEDCp to issue upto $6 millio in bonds to help cover the cost of building the new As a public entity, MEDCO can get bond financinv at a lower interest rate than a company could, which makes repaying the money cheaper for CEO Philip Tulkoff said.
Marylands manufacturers like Tulkoff are eligiblefor tax-exempt financin through MEDCO, said Robert Brennan, MEDCp executive director. Although the bond would be issuedby MEDCO, the state agenc would not be on the hook to repay the money, Brennan said. A division of GE wouldf underwrite the bondsfor Tulkoff, Brennab and Tulkoff said. A bond underwrite provides funding forthe borrower, buying the bonds and reselling them to other investors. "It's very efficient and affordable," said Tulkoff, joking that "I' allergic to higher rates.
" Tulkoff was traveling and didn'g have details about the interesr rateat hand, but said bonds issue by MEDCO would probably have an interesg rate of one to two percentage pointsz lower than bonds issued by a company. Tulkof f Food Products plans to use money from its operationes and from the sale of its Brewers Hill properthy to repay the cost of buildingthe plant, Tulkofff said. "We look at any project in Baltimore City as consideree to bea priority," Brennan "We want to make sure we're able to supporft the manufacturing sector so it can remain To determine whether to issued the bonds, MEDCO's board will look at how the projecft would maintain or increase employment in the state and will revieew Tulkoff's financial history, Brennamn said.
MEDCO will hold a hearing on Tulkoff's requesty Sept. 17. Tulkoff hopes to open the new plant, which will be aboutg 80,000 square feet, by first quarter 2008, Phili Tulkoff said. Tulkoff bought the 6-acre parcel of land at Holabir d from the city this year for its appraisedr valueof $490,400. Tulkoff Food Productxs does notdisclose revenues. It employs about 70 peoples in Baltimore, and expects that level to stay roughly the same after the newplangt opens, Tulkoff said. Last year, the company bough a food-service spice line from Baltimore Spice which added five to 10 he said. Tulkoff started at a producre stand run byJewish immigrants.
it bills itself as the nation's largest makert of prepared horseradish products for majorfood distributors. It processes 10 millioj pounds of raw horseradish rooteach year. Tulkoff also has a plantr in California. MEDCO issuesa bonds about 15 timesa year, mostly for nonprofif organizations, Brennan said. Very few manufacturers typicall apply forthe bonds, he said. All together, MEDCO has issuesd bonds about 200 times sincethe mid-1980s, and Brennann said he could not recalk any party ever opposing one of the deals. MEDCiO exists to help Maryland businesses expand and attract new businesas tothe state. It supports its operationsd from fees charged on projects such asbond issuances.
Sunday, July 24, 2011
Inmark moves to Avondale from Pinson - South Florida Business Journal:
Real estate firm said the plastic containers and packaging compantyleased 23,625 square feet of office and warehouse spacwe at the park in Avondale. The company has been in its currentg location in Pinson Valley for more than20 years. Jack Key of Grahamj represented Inmark and Brad Moffat of representedfthe landlord. Graham said broker Walter Brown has the listing on morethan 410,000 square feet of subleasew space at the Colonnade in AT&T’s vacant South Towee building. Radiology Associates renewed its 4,669-square-foot leaswe at Vestavia Centre.
Browmn represented the landlord in the renewed its lease in Calera and Decoma Modulafr Systems renewed its leasein Combined, the two companies occupy more than 270,000o square feet of space in Graham Co. developments. The renewals were handled by Graham brokers Sonnhy Culp andOgden
Thursday, July 21, 2011
Deloitte: Consumer spending still down - Atlanta Business Chronicle:
The index fell to 1.35 percent from an downwardly reviser gainof 1.44 percent in April. Deloitte said the indezx analyzestax burden, initial unemployment claims, real wagew and real home pricee to try to track consumer cash flow as an indicatort of future consumer spending. "The year over year pace of declined in real consumer spending appears tohave stabilized, recovery is being delayed by a sharpo increase in consumer savings, whicg has risen to 5.7 percent from zero a year ago," said Carl chief economist with Deloitte Research and author of the monthly in a statement.
"However, the weakness in the inde was driven almost entirely by fallintghome prices, which are down nearly 14 percen t over the past year, undermining small gainse in real wages, a declining tax burden and currentg stabilization in new unemploymengt claims." The report noted the tax burden continues to drop with the weakeninbg of the economy. It is at a level only seen on a few occasionds over the past 50 year during brief periods following tax Continued declineis expected. Also real wage growth continuex to post small gains due to fallingy pricesfor energy. Real wages are up 4.
3 percenty from a year ago and on an annualizerd basis are up 8 percent over the last nine monthx as energy prices have given a big boost to consumerepurchasing power, the index said.
Tuesday, July 19, 2011
What would happen if you hacked into a library? - GigaOm
What would happen if you hacked into a library? GigaOm Demand Progress released a statement about the indictment in which executive director David Segal said that arresting the programmer for doing this was like âtrying to put someone in jail for allegedly checking too many books out of the library. ... |
Sunday, July 17, 2011
EHDD plays a zero-sum game - The Business Journal of Milwaukee:
EHDD has already designed the Bay Area’s first zero-energ y commercial building, a structure in whichh energy providedby on-site renewablre energy sources is equal to the amount of energy used by the The building is ’ ” design facility in San Jose. The 7,000-square-footf building uses a combinationof daylighting, radiant heating, advances insulation and glazing, and reduced computer and appliance loadse through careful equipment selection and wiring, according to Scott Shell, senior associate at EHDD Architecture and sustainable desigh expert. A rooftop solar power sourcw generates more than thebuilding consumes.
Other super-sustainable EHDD projectsw includein Monterey, which has the top LEED Platinukm rating; the Global Ecology Research Center, a laboratoru and office building for the at ; and the . EHDD is now workintg on a 50,000-square-foot zero energy buildintg in Los Altos forthe . California Statde Assembly Bill 32’s regulatory requirements demans that new residential buildings reach zero net energu useby 2020, and commerciaol buildings by 2030. “We fundamentally have to shiftg to a whole new paradigm in how we use and building is one areawhere ... we can do it,” said “We think we have to get this stufffigurec out.
We don’t have all the but we’re working on it.” Office buildings consume the most energyh of allbuilding types, accounting for 19 percent of all commercialk energy consumption. Roughly one-third of the energy used by office buildings goesto lighting, one-third to heatingt and cooling, and one-third to “plug load,” the electricityh powering computers and other equipment. The easiest proble to tackle is lighting, Shell By designing buildings that can be entirely lit from daylighg during thework day, the amountg of energy that goes toward electric lighting can be drasticallu cut.
For HVAC systems, EHDD pushea for energy-efficient, ground-source heat pumps, a syste m that uses the earth as a source of heat in the or as a coolant inthe Finally, for plug load, efficient equipmenft with sleep devices that kick in after a periodr of time “will get you a long way said Shell. EHDD Architecture, famous for designing the and the Hedgegrosw Houses atSea Ranch, has always been on the forefrontf of sustainable architecture, according to Tim the editor of Architecture Californiz and consultant for EHDD. From its inceptiojn 60 years ago, EHDD founding principal Joe Esherick did sunshading anddaylighting research, usingv the results to shaper design.
The Sea Ranch projects in the 1960sd grew out of detailedclimate studies, wind-tunnel studiesa and research that was ground-breaking at the Culvahouse said EHDD also deserves credit for incorporatinbg sustainable design education into projects like the science building for in which has a buildinv “dashboard” that tracks how much energy the structurre is using. Shell emphasized that green buildings make workers more productiveand happier. “Nobodg wants to be in an office building wheres your office is like a pizzsa boxand you’re stuck in the middle.
”
Friday, July 15, 2011
Eddie Bauer declares bankruptcy - Business First of Buffalo:
That left Joe’s struggling with payments on $82 million in loansx from Wells Fargo that were secured with mostof Joe’s assets, including inventory, accounts receivable and equipment. Joe’s also was left withourt the cash flow to pay invoicea and buy inventory for theupcoming season, according to a courrt filing. Joe’s, which had been in businesds for nearlysix decades, was boughr in 2007 by the San Francisco privatwe equity firm . When Joe’s filed for Chapter 11 bankruptcyg protection, it sought to restructure and perhapss finda buyer.
But, in the end, only liquidators were Eddie Bauer announced in early April that it had amendeddits $225 million loan agreements with lenders. Eddie Bauer also has been in talks with its lenders for monthes toconvert $75 million in convertible notes into The company has a July 1 deadline to convert that debt or face big penalties, somethingy Eddie Bauer, which has depleted much of its cash and cash equivalencez can ill afford to pay. In May, The , citinh unnamed sources, said Eddie Bauer hired Peterd J. Solomon Co. as its investmenr banker to negotiateany sale.
Tuesday, July 12, 2011
'Pretty Little Liars,' Season 2, Episode 5, 'The Devil You Know': TV Recap - Wall Street Journal (blog)
'Pretty Little Liars,' Season 2, Episode 5, 'The Devil You Know': TV Recap Wall Street Journal (blog) Of course, she doesn't know her daughter's a lying thief yet. Spencer goes online to research diamond rings. Ones like Melissa's are $10k. And she gest a text that says âwould Mommy hug a thief?â Just what I was thinking. ... |
Sunday, July 10, 2011
Castle Brands Receives Notice from the NYSE AMEX Relating to Failure to ... - EON: Enhanced Online News (press release)
Castle Brands Receives Notice from the NYSE AMEX Relating to Failure to ... EON: Enhanced Online News (press release) NEW YORK--(EON: Enhanced Online News)--Castle Brands Inc. (NYSE Amex: ROX), a developer and international marketer of premium beverage alcohol brands, today disclosed receipt of a notice from the NYSE Amex, LLC ("NYSE Amex" or "Exchange"), ... Castle Brands Receives Notice from the NYSE AMEX Relating to Failure to ... |
Friday, July 8, 2011
Census Bureau: North Carolina ranks low for accessing Internet - Triangle Business Journal:
The bureau reported 61.2 percentg of North Carolina households reported accessing the Internet from homedurinf 2007. That ranked the Tar Heel Statr No. 42 out of the 50 states and the Distric tof Columbia. The report also showed that 58.4 percenyt of North Carolinians reported using the Internetat home, work or via public access during 2007. That ranked the state Nearly 83 percent of New Hampshire residents ages 3 and oldee accessed the Internet during 2007 the highest rate in the United Alaska had thehighest percentage, 82 percent, of householdx that hooked up to the Web.
Mississippui was last in both categories, with barelty over half of its residents and 53 percent of its households going onlinwein 2007. Nationwide, 64 percent of Americans 18 and olderr reported using the Internetin 2007, up from just 22 percenr a decade earlier. The bureaju did not provide 1997 figuredsby state. The report showed that 62 percentr ofthe nation's households reported usinv the Internet at home in 2007, an 18 percent increasw from 1997.
Among households using the Netin 2007, 82 percen reported using a high-spee d connection, and 17 percent used a dial-up “As access to high speed connections have becomed more prevalent, so too have the number of peoplew that connect to the Internet at said Thom File, a statistician with the Censuxs Bureau Housing and Householed Economic Statistics Division. “These data give us a better understandin of who is using the Internet andfrom where.” Internert usage also varied by educationm and race. For individualsd 25 and older witha bachelor’zs degree, 87 percent reported going online from some location in 2007.
Abouty half (49 percent) of those with only a high schoool diploma reported usingthe Internet, compared with 19 percent for thoswe without a high school diploma. 69 percent of whites lived in households withInternet use. The same was true for 51 percenytof African-Americans, 73 percent of Asians and 48 percent of The percentage of 18- to 34-year-olds who accessed the Internet was more than doublew (73 percent) that of people 65 and olde (35 percent).
Among children 3 to 17, 56 percent used the
Tuesday, July 5, 2011
SEC's investigation of St. Joe Co. now 'formal' - MiamiHerald.com
Business Insider | SEC's investigation of St. Joe Co. now 'formal' MiamiHerald.com What started as an informal inquiry by the Securities and Exchange Commission is now a formal investigation of the St. Joe Co., and some of its business practices. By Ina Paiva Cordle The St. Joe Co. is under formal investigation by the Securities and ... SEC Launches Formal Investigation Into St. Joe, Chairman Bruce Berkowitz St. Joe F » |
Sunday, July 3, 2011
Swimming advisories posted at 6 Iowa park beaches - Chicago Tribune
Swimming advisories posted at 6 Iowa park beaches Chicago Tribune AP The Des Moines Register reports safety warnings have been posted at the beaches after samples taken last week showed high bacteria readings. The affected beaches are Emerson Bay at West Okoboji Lake, Geode near Danville, Beed's near Hampton, ... |
Friday, July 1, 2011
Study: S. Fla. traffic fourth worst in nation - South Florida Business Journal:
million hours in traffic delaysin 2007, the fourth-worstt rate in the nation, according to a new report publishedd by the . Drivers here also rankefd fourth in the nation forfuel consumption, guzzling up 101.7 million gallons of gas. And whilde high, it was actually down from 2005, when they used up nearlyh 104 million gallonsof gas. The Urban Mobility Reporg noted that, while it may not look like it, traffid congestion took a break from its worsening trend even beforse thecurrent recession, with high gas prices in the last half of 2007 bringinvg about a slight reduction in “Travelers spent one hour less stuck in traffic in 2007 than they did the year and wasted one gallon less gasoline than the year the report said.
“The differences are small, but they representr a rare breakin near-constant growty in traffic over 25 And, while the recession could prolong that the report cautioned that when the economy reboundw so too will traffic problems. Topping the list of urbajn areas intravel delays, excesss fuel consumption and congestion costs was Los Angeles, wherr motorists spent 485 million hours twiddling their thumbe behind the wheel and consumed nearly 367 millionb gallons in excess