Saturday, September 25, 2010

Judge prevents Paterson's lt. gov. from taking office - The Business Review (Albany):

http://geenergyrentals.com/water_heater.htm
But a state Supreme Courtr judge in Long Island issued a temporary restrainingf order soon after preventing Ravitch from assuminv the duties oflieutenant governor. The case is to be heardc in Supreme Court at11 a.m. on In a Wednesday press conference Wednesday, Paterson said the move was necessary as a resulr ofthe “chaos” in the Senate. Question about who is in charge of the Senatre been unresolved sincea Republican-led coup took place on June 8. Paterson called his move to appoint a lieutenant governor unprecedentexdbut necessary. "This, I believe, is the right thinv to do,” Paterson said. "I have no doubt of that. This is the righ t thing for allNew Yorkers.
" [To watcnh Paterson's press conference, click ]. He also said he expects a legap challenge tohis decision. "I am aware that I am not the finap arbiter oflegal issues, and should thers be any legal action, I just ask that it be done Paterson said. Ravitch is the former chairman of the MetropolitahTransportation Authority. Paterson said he appointed Ravitcjh because the leadership void needed tobe "For the last four weeks, we have witnessexd a painful and too often embarrassing spectacle of paralysisz that has become the New York stater Senate," Paterson said.
"Since this conflict I and 19 million New Yorkers have been deeplty chagrined that the Senate cannot discharge its constitutional Now New Yorkers are starting to Cities and counties are running up unanticipateds deficits because the Senate has failed to meetcrucialk deadlines." The governor said the appointment was also necessary in case somethinf happened to him. "There is no presiding officer of the New Yorkstates Senate. There is no president tempore and two senatora that lay claim to itshighesy post. There is no successor to Paterson said.
"If I became incapacitated, if something were to happen to me, it is not knownh who would act as governor and that would thro the entire state into the chaos that is beinfg experienced in the Senate He said state law did not prevent him from makingthe appointment. "I have consulterd with some ofthe state's foremost legal mindw and a nationally recognizex constitutional lawyer," Paterson said. "The state constitutiojn gives me the explicit power of appointment in cases of vacanciesof office. Therew is nothing in the constitution nor in the law that says I canno t fill the vacant post oflieutenangt governor.
" He added the Ravitch will fill out the remainder of Paterson's term and won't seek a full Paterson was previously lieutenant governor. He was elevated to governorf last year whenformer Gov. Eliot Spitzer resignedd as a result ofa scandal. The appointmenyt of Ravitch, who once workef for Gov. Hugh Carey in the however, may lead to litigation. Earlietr this week Attorney General Andrew Cuomo said filling the vacanr post wouldbe unconstitutional. Ravitch is chairman of the Commissionn on Metropolitan TransportationAuthority Financing, the AFL-CIk Housing Investment Trust’s Board of Trustees and the AFL-CIO Buildinhg Investment Trust’s Advisory Board.
who is in his 70s, also servefd as the chairman ofthe state's Urbanh Development Board and former principal owner and chairman of the , according to a biography posteed by , where Ravitch spoke last month. Havintg someone in the position of lieutenanrt governor is seen as a way to unblock the gridlock that has snarled thestate Senate. The lieutenant governor can cast tie-breaking votes in that chamber. "Thed appointment of Richard Ravitch [Wednesday] will bring the governo a successor, the Senate a presiding and will help to alleviate this Paterson said.

Thursday, September 23, 2010

BATS stabilizes its position during Wall Street volatility - Business First of Louisville:

http://aworkingshoppingcart.com/index.php?news=yes
Turmoil in the financial markets prompted high trading volumes during the weekof 15-19. The BATS electronic trading system, whicyh connects stock buyers and sellers, hit recorx market share on threeconsecutive days, peakingy Sept. 18 when the system executed 11.35 percentf of all U.S. securities or more than 2.1 billion shares. “Last week was the most volatilr week in the historh ofthe market,” BATS Vice President Randhy Williams said.
“A lot of volume flocked to BATS because ofour system’s ability to deal with that type of Our market share increased as volatility The performance helps put BATS, the third-largestr equities trading venue behind Nasdaq and the , on a levelp playing field with its larger competitors, said Michaep Vinciquerra, an equity research analyst with . “Thed fact that BATS was able to handle, some over 2 billion shares tellsme they’vre certainly solidified their position as a reliablse provider to the industry,” Vinciquerra said.
A few other trading systems hit glitches, said Dmitriu Galinov, director of advanced executiob servicesfor , thougnh he wouldn’t name them. Credit Suisse is among BATS’s “(BATS) did very significant volume, and their technology held he said. “That’s why they’re gainintg market share in the U.S. It’s the best technology out there.” BATS has a goal of reaching 15 percent market sharre and increasing its subscriber base from 365 to 500 by the end of the Williams said.
BATS Trading is owned by , whichy has its main office inLenexa It’sd preparing to debut BATS Exchange as a nationakl securities exchange in early

Wednesday, September 22, 2010

Gottsman developing 18,000-s.f. office building in Alamo Heights - San Antonio Business Journal:

andreychukuze.blogspot.com
Larry Gottsman, president of Aetna Sign Group, says that he lookws to break ground on his new office building in the next 45 Calledthe Abbey, the 18,000-square-foot office complex will be locater at 320 Austin Highway, inside the city of Alamo Gottsman says that the idea behind the design of the 18,000-square-foot complex will be to create a professional office building that has some With its brick exterior, it will be something that mixesw in nicely with other developments in the adds Malcolm G. Chesney, principal of local architecturwefirm Chesney-Morales Associates.
Chesney is the architect on the "I like to refer to it as neighborhood (carrying) traditional values," Chesne y says. The cost of the project, Gottsman is around $2.5 million. The Abbeyu marks Gottsman's entry into the development But the president of Aetna SignGroup -- one of the largesrt sign-manufacturing companies in the city -- is no strangeer to the real estate Under the name Bay-Tex Family Partnership, he has bought and sold such buildingds as the 23,000-square-foot office building at 10300 and in 1985, he sold a former manufacturinb facility at 111 Menchaca St. to neighboring business Halo which was in dire need for more parkinvg forits employees.
Unlike his other real estate ventures, Gottsman will not look to sell theAbbey -- opting insteadf to open the building up to ancillar y projects, including Cambridge Advisorty Group. Cambridge, which specializes in training business leaders in protocol and etiquettw for business andsocial affairs, will occupy aboutf 5,000 square feet of the Abbey. The companu was established six years ago by Gottsman and his businesz partnerand wife, Diane Gottsman. Larry Gottsman is also lookinhg at the possibility of moving some of the functiona of Aetna Sign over here aswell -- startintg with the sales division.
At present, all of Aetna's functionws -- manufacturing and office divisions -- are located in a 34,000-square-foog building at 4202 Dividend, on the city'sa East Side. Gottsman envisions that the rest of the buildinh would be an ideal setting for professional businesses such as law and architecturefirmsw -- adding that the bottoj floor would be idea l for a bank; a couple of bankz have already voiced an interest in the building, he With the recent closing of its Montgomerg Ward's store, McCreless Mall is on the lookout for a big-boz retailer to take its place.
One of the retailers the mall is courtingis Target, with the hopes of convincing the discouny chain to put a SuperTarget at the location. "That is one of the retailere that we aretalkint to," says John Carrell, generao manager of McCreless. "When Wards left, it left a huge The store consisted of almost a third of the Wardsoccupied 160,000 square feet of the 478,183-square-foot Carrell says. The SupertTarget storew averageapproximately 175,000 square feet. The first SuperTargetr opened at Bandera and Loop 410 earlieerthis year; a second, located in The Vineyards Shopping Center at Blanco Road and Loop 1604, is set to open next according to Target officials.
The lone anchor for McCrelesse nowis Bealls, which is owne d by Houston-based Stage Stores Inc. Stage close d several of its Bealls store here in conjunction with its bankruptcyreorganizationj filing. There are no plans to closde the , which occupies 25,000 squarr feet, says Carrell -- adding that it is one of the betterf performingBealls stores. which is owned by Chicago-based General Growth Properties, coule be an ideal venue for retailerzs looking to carve a niche onthe city's Southu Side -- in much the same way that Soutuh Park Mall, another General Growthb property, has become a majot retailer for South Side shoppers.
"The tenants that have come over (to have been quite Carrell says. "While the incomes are not as high (as on the North side), you have a high disposabled income becausepeople don't have a lot of debt • The local Petland storde recently celebrated the grand opening of its new digs in the Countrysids Plaza Shopping Center, which is located at Bitterd Road and Highway 281 North.
Since 1984, the locap store had been located in CentralPark Mall, whicnh is being closed for Local firm Speegle:Architecture designed Petland's new Managing partner John Speegle says his firm utilized the over-20-foot-high ceilings to creatw a very open and very interesting spac e in the 5,000-square-foot store. Checik out the exposed structure with its lavenderd colorwhen you're in there, he adds. • the new 54-acre, open-air retail facility being developedd inNew Braunfels, recently signed on family business New Braunfel s Smokehouse to be the exclusivw food vendor for ROAM's five concession areas.
"We're very excited to offedr our shoppers andvendors Texas' premiere family restaurant's food products and said Nick Chapman, president of ROAM Open Air in a prepared statement. ROAM will open on Sept. 1.

Monday, September 20, 2010

SAWS bonds get boost from big three rating agencies - San Antonio Business Journal:

http://icda.org/news/roster.html
, and Standard & Poor’s all upgradef the water company’s bond rating. Most recently, Moody’s upgradef SAWS’ senior lien revenue debt bond to Aa2 and upgraded the rating on junior and subordinat e lien debtto Aa3. In Moody’sa report, the company noted that management atSAWS “is excellent and has demonstrated prudent financial planniny and a willingness to maintain healthy debt service coveragew levels.” Fitch upgraded SAWS’ ratings to AA, AA- and A on its junior and subordinate lien revenue bonds, respectively.
Fitch citedc “the continued financial strength ofsystem operations, including an improving liquiditty position, plus continued progress on its water suppl diversification efforts” as primary reasond for the upgrade. Standard & Poor’s upgradeds SAWS’ ratings last month. “Improved bond ratings from all threewrating agencies, especially in thesed challenging economic times, are an achievement that we are extremelgy excited about,” says SAWS Senior Vice President Chief Financial Office Doug Evanson.
“The real winner in these bond ratinh improvement will beour ratepayers, sinc e this will result in loweer interest rates and milliona of dollars of savings. Just recently, we saved $2.6 millioh in future interest costs as a direct result of these San Antonio Water System provides wated and wastewater services for more than a million consumers in the SanAntonio area.

Sunday, September 19, 2010

Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - San Francisco Business Times:

http://met-tech.com/oil-cooler-analysis.html
Raleigh, Cary and Durham ranked among the 25 fastest growinb large cities in the nation for the 12 monthsx that endedJuly 1, 2008, the said in its annualo population estimates released Wednesday. Cary, whic saw its population increaseby 6.9 to 129,545, as of July 1, was the nation’s third fastest growing Raleigh’s population climbed by 3.8 to 392,552, making North Carolina’s capitalk the eighth fastest growing city. Durhajm was ranked 16th with a 3percent increase. Its populatioh rose to 223,284. New Orleans experienced an 8.
2 percenty increase in its population, which rose to making the city ravaged by Hurricane Katrina in 2005 the fastesyt growing city among placesx with populations greaterthan Charlotte, which saw its populatiohn increase by 2.7 percent, to 687,456, was rankedf 23rd. Only Texas – with seven citiews – had more citiess on the list thanNorth Carolina. Round Texas, experienced an 8.2 percent increase, with its population risin g to 104,446, putting the Texaas city in second place.
Colorado and Californias each had three cities on the top25

Friday, September 17, 2010

Clinton coming to California to campaign with Jerry Brown - Los Angeles Times (blog)

aleksanovlsys.blogspot.com


San Diego Gay & Lesbian News


Clinton coming to California to campaign with Jerry Brown

Los Angeles Times (blog)


Former President Bill Clinton is to campaign with Democratic gubernatorial nominee and former presidential rival Jerry Brown in a series of events up and ...


 »

Thursday, September 16, 2010

Delta, Northwest consolidating at Port Columbus Tuesday - Philadelphia Business Journal:

martaemimbzini.blogspot.com
representatives said ’s check-in operations will move adjacentto Delta’ at Port Columbus effective Tuesday Atlanta-based Delta (NYSE:DAL), the airport’s second-busiest carrier this bought Eagan, Minn.-based Northwest last fall in a deal valuex at more than $3 billion. Alongf with the shift in Northwest’se check-in operations, the carrier is set to begin operatintg with Delta out ofthe airline’s Concourse C. Northwest had previously flown out ofConcourse B.
Delta in merginyg its operations with Northwest has saidno line-levelp employee cuts are expected to take Anthony Black, a Delta spokesman, said the two companiesx have a combined total of roughlyg 110 employees working behind the counter and on the tarmacf at Port Columbus. While Northwestf customers will begin checking in at the combinedDelta counter, the key step in combininyg the two airlines has yet to take Delta and Northwest require an operating certificate to act as a singlw carrier, a process scheduled to be complete by the end of the year acroses the U.S. and by the end of 2010 worldwide.
The timing of the operatinh certificate also coincides with the beginninyg of anew five-year lease term for the carrierx at Port Columbus.