Friday, March 30, 2012

OSHA Seeks Comments on Backover, Reinforcing Concrete Risks - Occupational Health and Safety

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OSHA Seeks Comments on Backover, Reinforcing Concrete Risks

Occupational Health and Safety


Casualties involving vehicle backovers and reinforcing operations in concrete work done in construction are the focus of a request for information OSHA has published March 29. The agency seeks comments within 90 days about both, saying it wants to know ...



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Wednesday, March 28, 2012

Peabody, Shanxi Lu

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The Shaxi Mine, which is under has the potential to expand to 15 million tons or more per year in line with the developmenyt of a new rail project that woule serve electricity customers and othere industrial users in Central andEasterbn China. In the coming months, the companies said they plan to conductr a feasibility study to evaluate technicalk requirements for next phases of which also includes other coal reserves in the regiohn ownedby Lu’an. “China is leading the world in industriak growth and fueling its progress with said Peabody Energy Chairman and Chiefg Executive Gregory Boyce ina statement.
“Peabody has a growingg presence in Asia and seek s to partnerin world-class coal project s to fuel long-term energg needs …” Peabody has an expanding presencw in China and is the only non-Chinese partnee in GreenGen, a near-zerl emissions power project in Tianjin. The company is pursuingv multiple partnerships in Asia that include a largse surface mine and downstream coal conversioh facility with the government ofInnee Mongolia, China and other and projects in Mongolia, whicg include the Peabody-Polo Resources joint venture.
Chinq is the fastest-growing coal markeyt in the world, using coal to fuel 80 percent of its China is expected to nearly double its electricity consumptionby 2015. Lu’anm had $5 billion in revenue in 2008. Peabodyg Energy (NYSE: BTU) is the world’s largesft private-sector coal company, with revenue of $6.6 billio in 2008. Its coal products fuel 10 percent ofall U.S. electricit y generation and 2 percent ofworldwide

Monday, March 26, 2012

Ernst & Young LLP heads to office market for space - Atlanta Business Chronicle:

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Frank Mann with Jones Lang LaSalle Inc. in Atlanta confirmed that Ernst & Young LLP is scouting the Atlantaw office market for alternativeoffice space. Mann is representinyg Ernst & Young, which ranked thircd in Atlanta among accounting firms with themost employees, accordinbg to the Top 25 Accounting Firms list in the 2003-20044 Atlanta Business Chronicle Book of Lists. What's more, Ernsf & Young is open to spearheading a new officew development somewherein downtown, Midtownh or Buckhead, Mann said. "Right now, there's been no indicatiojn of one preferenceor another," Mann said. "This is simplt the initial phase.
" Currently, Ernst & Younfg occupies about 200,000 square feet of offic e space at Bank ofAmerica Plaza, the towering 1.2 million-square-foo t high-rise on Peachtree Street in Midtown. Ernst & Younvg has been at the buildinb for more than 10 years and was one of the initialotenants there. Its hunt for new office spaced will encompass atleast 150,000 square Mann said. This is perhaps the freshest big lease currentlyh floating around the office real estate Ernst & Young's current lease expires in the fall of Mann said.
But even with two years to go, Mann said the firm may have to make a decisioh rather quickly if it seriously intends toconsideer build-to-suit options, given that new office construction typicallgy takes anywhere from 15 to 18 months. That was true with Southernb Co., which signed a lease with Barrt RealEstate Cos. to spearhead a new office buildinfg in Atlanta despite two years remaining on its lease at Southern Company Centert at270 Peachtree. "That's why the RFPs (requestes for proposals) have been sent he said. But Mann said a renewal at Bank ofAmericaw Plaza, owned by Cousins Properties Inc., is stilk on the table.
As of presds time, Cousins officials could not be reached for comment and officialw withErnst & Young had not returnexd calls. Panda Express plans to more than double its presenced in Atlantathis year. The California-based Chinese fast-foos chain is adding 12 stores to the which it enteredin 2002. Panda Express has eighft metroAtlanta locations. Panda Express, a division of Panda RestaurantGroup Inc., initially had more mall-based locations, but now is moving towarx street locations, said Francis one of the zone vice presidentsa of operation for Panda Restaurant Group.
But the companyh also is seeking morenontraditional locations, including at Hartsfield-Jacksom Atlanta International Airport, Georgia Tech and Six Flag s Over Georgia, he said. Construction of location in Snellville and Johns Creekbegan Feb. 23. Other confirmes locations will be inStone Mountain, Peachtreew City, Southlake and Interstate 75 at Howellk Mill Road, Wong said. Five other locations still arebeing scouted. "That's very he said. Mark a victory for Lincoln Property Co. Greg vice president at Lincoln, recently struck a renewal deal with Federapl DefenderProgram Inc. for 29,2009 square feet at The Equitable a 604,000-square-foot structure downtown.
Federal Defender is a firm thatprovides court-appointecd attorneys for the judicial system, and has been at Equitablse since 1999. John O'Neill at Cushmamn & Wakefield of Georgiz Inc. represented the tenant. Federalk Defender's lease runs through 2010. The playintg field could be crowded for firmw that might make offers for Promenade Iin Promenade, the 20-year-old office building on 14th is being vacated by its AT&T Corp., which is consolidating its 1,000-membe work force in the newer Promenade II. In AT&T has taken Promenade I to market forsale empty. AT&g currently uses about half of the spac e inthe 12-story, 379,300-square-foot tower.

Friday, March 23, 2012

Money manager gets new life - Houston Business Journal:

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The 54-year-old co-founder of The Redstone Cos. ultimateluy found an answer. The ordeal of chemotherapyh treatment and surgical procedures revived his passion for the moneymanagement business. Solomon and Philip Pilibosian, co-founde r of Redstone Asset Management, boughrt out Redstone's investment advisory unit from other companuy partners and have formed ConderazAdvisors LLC. The name derived from two Latin terms translatedas "together in balance." Conderaq is being marketed as a diversified investment managementy company with an emphasis on the use of alternative investmentw such as hedge funds.
The firm openex for business this month with more than 100 clientsa rangingfrom high-net-worth individuals to institutions, and more than $1 billiomn under management. Solomon, CEO of the newly formed sees opportunity in the changing nature ofwealth "The demographics in the region are shifting and wealth is movin down generations," he says. "We're poiseds to take advantage of that in afairlyg high-growth manner." Solomon helped launcyh Redstone Cos. as a locall management firm focused on hospitality and private equitu in thelate 1980s. The company owns and operates The Houstonian Club & Spa.
He was diagnosed with cancerf in March of and was forced to stop working duringhis treatment. The illnesw gave him a lot of time to reflect on what he wantee to do withhis "It certainly woke me up," he "I realized that when I came back what I really wanted to do was get back into the financiak services business full-time." Solomon and Pilibosian relocates from Redstone Cos. offices on 109 Nortyh Post Oak Lane to their new Condera Advisorzs office on 4900 Woodway Drivwe onApril 1. They declinedc to reveal financial terms ofthe Redstone's investment advisory arm consisted of the firm's wealtyh management and hedge fund groups.
The firm retaind Redstone Capital Partners. Neither Solomon nor Pilibosian have a legalp ownership stake in the privatesequity partnership. Redstone Cos. officials declined to commenyt onthe transaction. As a stand-aloner firm, Condera has created an incentive-based compensation structure. According to Solomon, the methoed is "far more efficient" than havinyg owners who weren't engaged in the business. president of Condera, says the firm has an open investmen architecture as opposed to a platform for adviceeand products. "We're trying to obtain inexpensive exposurd to broader movements inthe market.
We're also tryingy to seek additional returns on top of that through tactical allocationj decisions and alternativeinvestmenf strategies," says Pilibosian. He notesw that Condera's widely dispersed investor base includes severa institutions and somevery high-net-worth families in

Wednesday, March 21, 2012

Monday, March 19, 2012

Aviel Systems subsidiary lands contracts worth $4.1M - Washington Business Journal:

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McLean-based Aviel, a providefr of information-technology management and consulting services to thefederalk government, says its subsidiary Performance Managementr Consulting received two contractsz with a combined valuer of $4.1 million to support the department'w office of procurement operations. The contracts each have a one-year base term and four one-year options, Aviel says. Privately held Aviel is supporting numerousd other programs within the Department of Homeland including its office of the chiefinformation officer, the geospatiak program, citizen and immigration services, immigration and customs enforcement and borde protection.
Aviel formed in early 2006 to bring togetherrtwo subsidiaries, Optimus and Performancs Management Consulting, under a single In June, Aviel said it would get bought by Conn.-based (OTCBB: TACA) for aboutf $60 million, plus the assumption of $40 million in The combined company intends to apply for listingb on the Nasdaq National Markegt under the symbol "AVEL." The headquarterxs would remain in McLean.

Saturday, March 17, 2012

Pa., Del. courting state's IT services firms as tax looms - Baltimore Business Journal:

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Both states' economic development officesd have each reached out to Maryland according to two letters obtained by the BaltimorseBusiness Journal. Neither letter mentions the computerf servicestax directly, but both tout their respectivde states as attractive alternatives to John Eckenrode, president of , received a letter from the offerinb information about that state's business environment and work "This letter is not a request for you to considerf a relocation of your operations from the letter said. "Rather, it is a request for you to includee Delaware when you are contemplatingan expansion.
" Eckenroded said he suspects the agencyu searched databases of business information for IT firms in Maryland and reachedf out to other companies as well, becaused the letter was addressed to , CPSI's legal He plans to talk to the Delaware officials, he said. "uI plan on ringing them up and seeinbg what they haveto say," Eckenrode said. "Whgy not, given the current climate in Critics ofthe tax, which will be collectes starting July 1 if lawmakers don't repeap it first, said the interestg by other states brings to realit their warnings of its negative impact.
The tax has generates more than a dozen bills in the General Its defenders, most notably Senate Presideng Thomas V. Mike Miller, argue businesses must help pay for a budgey shortfall the legislature worked to fill in a Novembeespecial session. The tax is expected to generater $200 million each year. But businesses beyond the tech including accounting firms andthe , have joined the push for the repeall because they fear the tax would cause broader harm to the state's economy. Rockville-basecd About Web LLC got a similar letter fromthe . Officialsw touted the state's friendliness to business and low Pennsylvania used to tax computer services but repealed the levyin 1997.
Kevin Ortiz, spokesman for the Pennsylvania economic development saidhe wasn't aware of the lettee from his office soliciting Maryland companies. His officwe is aware of the new tax, but it "probablyg wouldn't change how we approach our marketing he said. "We try not to poachb companies from other Officials from the Delaware economic developmentt office could not be reachedfor comment. Md. firmsa look elsewhere Some companies with branches of their business outside the statre already said they plan to investigateexpansion elsewhere.
, an subsidiary that administers large software systems via the Web for other has put plans to expand at its Annapoli s headquarters on hold because ofthe tax, CEO Andrew Stern told radio in January. The company has since deferred comment to the Maryland Chamberof Commerce, and chambe spokesman Will Burns said the compant is committed to keeping its headquarterw in Maryland but has facilitiesz around the country and the world wher e it plans to shiftr expansion. Doug Whatley, CEO of Hunt Valley-based , said to avoid the added cost from the sales tax he woulf be passing on tothe customer, he is lookingt into doing more work in the company's Texas office.
BreakAway has 110 and about 80 percentg of them work in Hunt Whatley said. The company opened an officd inCorpus Christi, Texas, in 2005 for a specifid project, and it may send more work "It just doesn't make sense for us to plan on drawingh more work here when it will be very difficultr to ever land any contracts," Whatle y said. Todd Pihl, vice president of , a two-man consultinh firm in Rockville, said his company will move to Delawarer if thetax stands. The compan helps drug companies bring their productas to market faster and has to outsourcs softwarewriting services, which could likel be taxed. Pihl has already investigatec the possibility ofa move.
"It turns out it'sd very easy," he "We can move to Delawarwe with very little expenses and avoidthis entirely." Tom president of new IT lobbyinh group the and CEO of Baltimored company Mind Over Machines, said the group planss to make the case that the harm the tax will causew the IT industry will have implicationxs for the broader state economy. Hearings on several bills proposing a repealp of the tax will be heldMarch 12, and the legislaturse must finalize the budget before its Apri 7 adjournment.
Groups such as the Maryland Bankers' Associatioh have joined Fight theTech Tax, a coalitiomn pushing for the repeal, sayinv the tax's added cost will inevitably be passedx from the IT companies to the banks to Banks depend on IT firms for services including recordsx storage, loan processing, ATMs and credit and debi t card processing, said bankers' association spokeswomanm Alison Tavik. Accounting firms KAWG&F and Meegan, LLC have also joined the group. "It'e going to be very costly to our Tavik said. "It's really an unintendedr consequence but the reality ofwhat happens.
"