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San Carlos-based Tesla said it will use $365 milliobn for production engineering and assembly of theModel S, an all-electric family sedan that carries seven people and travele up to 300 miles per The Model S has an anticipate d base price of $49,900 after a $7,500 federal tax credit, and Tesla said it expects to startr Model S production in late 2011. The company will use $100 million for a powertrain manufacturing plan tosupply all-electric powertrains for other automakers.Tesla is in the final stagez of negotiation for facilities in California.
The loans are part of the Advancedf Technology VehicleManufacturing Program, which provides incentives to new and establishee automakers to build more fuel-efficient Created in 2007 and appropriatedr in September 2008, the $25 billion ATVM aims to reducwe America’s dangerous dependence on foreign oil and create “greem collar” jobs. “Tesla will use the ATVM loan preciselt the way that Congressintended -- as the capitall needed to build sustainable transport,” said Tesla CEO Elon “We are honored that the U.S. government selected Tesl a to be among the first companiee to participate in thisprogressives program.
”
Friday, December 30, 2011
Wednesday, December 28, 2011
FDIC creates advisory panel on community banking issues - Washington Business Journal: Washington Bureau
tenganmodooo1324.blogspot.com
FDIC Chairman Sheila Bair saidthe nation'sx 7,000-plus community banks "are the lifebloodd of our nation's financial supplying much-needed credit to countless individuals, small businesses, nonprofit organizations and other entities in large and small towns around the The Independent Community Bankers of America praised the FDIC for forminhg the advisory committee. "ICBA looks forward to workingv with the committee in their effortd to identify and prioritizr issues of concern forcommunityy banks," said association Chairman R. Michael Menzies, who is presidenty and CEO of Easton Bank andTrust Co. in Md.
One current issue of concerbn for community bankers is a proposakl to create a singlew regulator for federally charteredbanking institutions. That woulxd "ultimately disadvantage" community said ICBA President and CEOCamdenh Fine. For more information, see
FDIC Chairman Sheila Bair saidthe nation'sx 7,000-plus community banks "are the lifebloodd of our nation's financial supplying much-needed credit to countless individuals, small businesses, nonprofit organizations and other entities in large and small towns around the The Independent Community Bankers of America praised the FDIC for forminhg the advisory committee. "ICBA looks forward to workingv with the committee in their effortd to identify and prioritizr issues of concern forcommunityy banks," said association Chairman R. Michael Menzies, who is presidenty and CEO of Easton Bank andTrust Co. in Md.
One current issue of concerbn for community bankers is a proposakl to create a singlew regulator for federally charteredbanking institutions. That woulxd "ultimately disadvantage" community said ICBA President and CEOCamdenh Fine. For more information, see
Monday, December 26, 2011
California's unsold home backlog shrinks - Washington Business Journal:
ofycagvezi.blogspot.com
months in April, compared with 9.8 monthsw a year ago. reported Thursday that the median numberr of days it took to sella single-family home declined to 48.7 days, compared with 51.8 days in Apriol 2008 Home sales increased 49.2 percent year over while the median priced of an existing home declined 36.5 CAR reported. Closed escrow sales of single-family detached homes in Californizatotaled 540,360 in April at a seasonallyg adjusted annualized rate, according to information collected by CAR, and the median price of an single-family detached home in California during Aprilo was $256,700, a 36.5 percen t decrease from the revised $404,470 medianh for April 2008.
Statewide, the 10 citiesx with the highest median home prices in California during Aprikl wereSanta Barbara, $870,000; Los Gatos, $870,000; Newporty Beach, $853,500; Santa Monica, $820,000; Cupertino, $811,000; Danville, Arcadia, $686,090.50; Redondo Beach, $660,000; San Clemente, San Ramon, $630,000, and San $625,000.
months in April, compared with 9.8 monthsw a year ago. reported Thursday that the median numberr of days it took to sella single-family home declined to 48.7 days, compared with 51.8 days in Apriol 2008 Home sales increased 49.2 percent year over while the median priced of an existing home declined 36.5 CAR reported. Closed escrow sales of single-family detached homes in Californizatotaled 540,360 in April at a seasonallyg adjusted annualized rate, according to information collected by CAR, and the median price of an single-family detached home in California during Aprilo was $256,700, a 36.5 percen t decrease from the revised $404,470 medianh for April 2008.
Statewide, the 10 citiesx with the highest median home prices in California during Aprikl wereSanta Barbara, $870,000; Los Gatos, $870,000; Newporty Beach, $853,500; Santa Monica, $820,000; Cupertino, $811,000; Danville, Arcadia, $686,090.50; Redondo Beach, $660,000; San Clemente, San Ramon, $630,000, and San $625,000.
Friday, December 23, 2011
This Bauer bankruptcy traces back to Spiegel events - Pittsburgh Business Times:
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In 2003, , which had owner Eddie Bauer since 1988, filec for bankruptcy protection. And as part of the restructuring, the companyh famous for its women’s wear catalog gave its creditors its stakee inEddie Bauer. So, in Eddie Bauer emerged as a stand-alone companyt for the first time in 34 The company also emerged witha $300 milliobn senior secured term loan agreementt with lenders and the task of rebuildingb a brand that had drifted away from the company’s roots. Undee Spiegel, grew rapidly, from 58 to 399 retailp stores and from three to102 outlets. The company also added internet sales.
But it also was a time when the Eddiw Bauer brand lostits focus, as the company shiftedr from its heritage as an outdood outfitter to a seller of casualo clothes targeted primarily at women. Company executiveas have said the debt terms from the Spiege bankruptcy case have continued to hamper effortd to turn things around at Eddie Despite efforts to recapture some of the old Eddie Bauer has not been able to establisj a sustainable run ofprofitable quarters. The compant racked up nine consecutive quartersof loses, and has seen lossesw of nearly a half-billioj dollars in the past three The struggle became a financial crisiws as the recession has worsenex and consumers have slowed spending.
In 2003, , which had owner Eddie Bauer since 1988, filec for bankruptcy protection. And as part of the restructuring, the companyh famous for its women’s wear catalog gave its creditors its stakee inEddie Bauer. So, in Eddie Bauer emerged as a stand-alone companyt for the first time in 34 The company also emerged witha $300 milliobn senior secured term loan agreementt with lenders and the task of rebuildingb a brand that had drifted away from the company’s roots. Undee Spiegel, grew rapidly, from 58 to 399 retailp stores and from three to102 outlets. The company also added internet sales.
But it also was a time when the Eddiw Bauer brand lostits focus, as the company shiftedr from its heritage as an outdood outfitter to a seller of casualo clothes targeted primarily at women. Company executiveas have said the debt terms from the Spiege bankruptcy case have continued to hamper effortd to turn things around at Eddie Despite efforts to recapture some of the old Eddie Bauer has not been able to establisj a sustainable run ofprofitable quarters. The compant racked up nine consecutive quartersof loses, and has seen lossesw of nearly a half-billioj dollars in the past three The struggle became a financial crisiws as the recession has worsenex and consumers have slowed spending.
Wednesday, December 21, 2011
Urban Lifestyles, Income To Blame For Marriage Disparities - News One
deeshu-tatum.blogspot.com
News One | Urban Lifestyles, Income To Blame For Marriage Disparities News One “Black people also have higher population concentrations in urban centers, which have a lifestyle and cost of living that appear less conducive to marriage and family,†Ivory A. Toldson, associate professor at Howard University School writes in an ... Edu cation and Income, Not Race |
Monday, December 19, 2011
Bagley woman injured in semi-car crash - Bemidji Pioneer
uhetemejih.wordpress.com
Bagley woman injured in semi-car crash Bemidji Pioneer A 51-year-old Bagley woman suffered serious injuries after the vehicle she was driving collided into a semi trailer this morning. A 51-year-old Bagley woman suffered serious injuries after the vehicle she was driving collided into a semi trailer this ... |
Saturday, December 17, 2011
Japan: crucial stage reached in nuclear plant shutdown [Updated] - Los Angeles Times
ukatekexo.wordpress.com
USA Today | Japan: crucial stage reached in nuclear plant shutdown [Updated] Los Angeles Times Officials had predicted they would reach the cold shutdown state by early 2012, and Tokyo's support of the claim by the plant's operator, Tokyo Electric Power Co., that the reactors have reached a crucial point is one more step toward fin » |
Thursday, December 15, 2011
Iraqis unable to defend their borders as US exits - Boston.com
vidineevostegity.blogspot.com
Boston.com | Iraqis unable to defend their borders as US exits Boston.com In this Tuesday, Nov. 22, 2011 photo, Iraqi security forces hold their US made M-16 assault rifle during a parade in Baghdad, Iraq. In ways big and sm » |
Monday, December 12, 2011
LHC may have observed Higgs boson for the first time - SlashGear
kapitonragomo.blogspot.com
SlashGear | LHC may have observed Higgs boson for the first time SlashGear One of the things that the Large Hadron Collider or LHC has been trying to observe has been the Higgs boson particle. There have been rumors floating around for a while now that the Higgs boson particle had been observed at the LHC and the CERN folks ... CERN t o announce Higgs boson observation at LHC Higgs vs. hype: a mini-guide Higgs Boson Sighting Announcement A Day Away |
Saturday, December 10, 2011
N.C. travel: Motorists down, airlines up - New Mexico Business Weekly:
alharkaenu.blogspot.com
Economic troubles, unemployment and uncertainty aboutf the future are expected to spura 2.7 percent drop in expecte motorists this holiday weekend from 971,000 in 2008 to 945,000o in 2009. This marks the seconf straight year July 4th travelhas declined. The announcemenf follows 10 consecutive days of decreasing gasoline from a state averageof $2.6y per gallon on June 20 to $2.621 per gallon on June 30. the lowest average gasoline prices in the stated can be found in High Pointat $2.5e per gallon, while the highest can be foundc in Durham at $2.66.
Nonetheless, the overall 61-centg increase in average prices over the last 61 days appearz to be keeping travelers offthe Instead, many will turn to air traveol this weekend, with 59,000 passengers taking flighyt across the state a 5.4 percent increase from 56,000 duringv the holiday weekend in 2008.
Economic troubles, unemployment and uncertainty aboutf the future are expected to spura 2.7 percent drop in expecte motorists this holiday weekend from 971,000 in 2008 to 945,000o in 2009. This marks the seconf straight year July 4th travelhas declined. The announcemenf follows 10 consecutive days of decreasing gasoline from a state averageof $2.6y per gallon on June 20 to $2.621 per gallon on June 30. the lowest average gasoline prices in the stated can be found in High Pointat $2.5e per gallon, while the highest can be foundc in Durham at $2.66.
Nonetheless, the overall 61-centg increase in average prices over the last 61 days appearz to be keeping travelers offthe Instead, many will turn to air traveol this weekend, with 59,000 passengers taking flighyt across the state a 5.4 percent increase from 56,000 duringv the holiday weekend in 2008.
Thursday, December 8, 2011
Hotel plans full-court press in pursuit of NCAA tourney fans - Phoenix Business Journal:
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During the early rounds of the tournamentt on Thursdaysand Fridays, the restaurangt will start “Happy Hour” at 10 a.m., in time for the games and continue through close at midnight. Happy Hour dealxs include $3 draft microbrews, $6 shrimp po’boy $6 steamed mussels and $5 chipxs and dips. The restaurant has also moves inextra flat-screen TVs to offer coverage of many of the televised games at once. “The first couple of roundzs of the tournament are so excitinb with all of the andwe can’t think of a better way to celebrate this annual event than to offer happy hour deals all said Leo Percopo, general manager of the Sheratobn Phoenix Downtown Hotel.
The District’sa March Madness will be held on the first two Thursday s and Fridays of theNCAA tournament; March 19-20p and March 26-27. The restaurant is locatesd on the ground floor of the Downtowb Phoenix Sheraton at320 N. Thirdr St., on the northwest cornefr of Third and Van Buren For more: .
During the early rounds of the tournamentt on Thursdaysand Fridays, the restaurangt will start “Happy Hour” at 10 a.m., in time for the games and continue through close at midnight. Happy Hour dealxs include $3 draft microbrews, $6 shrimp po’boy $6 steamed mussels and $5 chipxs and dips. The restaurant has also moves inextra flat-screen TVs to offer coverage of many of the televised games at once. “The first couple of roundzs of the tournament are so excitinb with all of the andwe can’t think of a better way to celebrate this annual event than to offer happy hour deals all said Leo Percopo, general manager of the Sheratobn Phoenix Downtown Hotel.
The District’sa March Madness will be held on the first two Thursday s and Fridays of theNCAA tournament; March 19-20p and March 26-27. The restaurant is locatesd on the ground floor of the Downtowb Phoenix Sheraton at320 N. Thirdr St., on the northwest cornefr of Third and Van Buren For more: .
Tuesday, December 6, 2011
Park National Bank shells out $20M for One Commerce Square - Minneapolis / St. Paul Business Journal:
badillodacyroic1505.blogspot.com
Richard Raines, an attorney for , made the only bid for Park Nationall Bank, which was the lender on the Downtownoffice building, while Douglas Alrutz, also an attorneu for Wyatt, Tarrant & Combs read the auction The 475,082-square-foot building at 40 S. Main was previously ownex by OneCommerce LLC, of which Fla.-based is the majority One Commerce LLC bought the 31-story building, constructedd in 1972, from in 1999 for $31 took over leasing and management of the propertt last week. “Our firm has met with all the tenantz and we have transactions in Commercial Alliance Management president KempConrad said.
“We’rew confident it will remaim a landmark and one of the best places to dobusinessz Downtown.” Mark Jenkins, senior vice presideng at Commercial Alliance will handle leasing at the building, whils executive vice president Dan Wahl will lead the properthy management. The company has retained the lead maintenance techniciam who has been with the building 15 Commercial Alliance Management also handles Downtown leasinvg at the Falls Building andToyota Center. previously leased and managed OneCommercer Square. Lease rates were $15.50-$17.50 per square foot, according to the Memphie Business Journal OfficeLeasing Guide.
One Commercde Square has 292,602 square feet available, makingy it 39% occupied. The buildinvg was 73% occupied before ’s 170,000-square-foot leasr expired in first quarter 2009.
Richard Raines, an attorney for , made the only bid for Park Nationall Bank, which was the lender on the Downtownoffice building, while Douglas Alrutz, also an attorneu for Wyatt, Tarrant & Combs read the auction The 475,082-square-foot building at 40 S. Main was previously ownex by OneCommerce LLC, of which Fla.-based is the majority One Commerce LLC bought the 31-story building, constructedd in 1972, from in 1999 for $31 took over leasing and management of the propertt last week. “Our firm has met with all the tenantz and we have transactions in Commercial Alliance Management president KempConrad said.
“We’rew confident it will remaim a landmark and one of the best places to dobusinessz Downtown.” Mark Jenkins, senior vice presideng at Commercial Alliance will handle leasing at the building, whils executive vice president Dan Wahl will lead the properthy management. The company has retained the lead maintenance techniciam who has been with the building 15 Commercial Alliance Management also handles Downtown leasinvg at the Falls Building andToyota Center. previously leased and managed OneCommercer Square. Lease rates were $15.50-$17.50 per square foot, according to the Memphie Business Journal OfficeLeasing Guide.
One Commercde Square has 292,602 square feet available, makingy it 39% occupied. The buildinvg was 73% occupied before ’s 170,000-square-foot leasr expired in first quarter 2009.
Sunday, December 4, 2011
Paterson names new leaders at budget office, tax department - Triangle Business Journal:
vuwodu.wordpress.com
Gov. David Paterson appointed Robert Megna as director of the stats Division ofthe Budget, which advises governorse on financial matters and helps craf their budget proposals each year. Megna’s annual salary will be $178,000, and he starts on June 15. His appointmen t does not need approval from thestatee Senate. Megna replaces Laura Anglin, who is leaving the budgey division to head the Commission on Independen Collegesand Universities, which lobbieds the state and federal government s on behalf of 111 nonprofit colleges and universities in New Anglin will serve as an adviser to Megnq until July 15, and then beginh her new job at the Megna had previously served as commission of the state Department of Taxationn and Finance.
He has also worked in other jobs with the state budgeg division andthe Legislature. On Paterson also announced that Jamie Woodward will take over for Megnz at thetax department. Woodwared graduated from in Troyin 1978, and earneed a law degree from Albany Law School. She also holdsa an accounting certificate from in Woodward has been with the tax departmentsince 1980. She will continues to serve as its executived deputy commissioner while also serving as acting Her annual salary willremain $154,300. Woodwars begins her duties as acting commissioner onJune 15, the day Megnw starts his new job at the budgett division.
Gov. David Paterson appointed Robert Megna as director of the stats Division ofthe Budget, which advises governorse on financial matters and helps craf their budget proposals each year. Megna’s annual salary will be $178,000, and he starts on June 15. His appointmen t does not need approval from thestatee Senate. Megna replaces Laura Anglin, who is leaving the budgey division to head the Commission on Independen Collegesand Universities, which lobbieds the state and federal government s on behalf of 111 nonprofit colleges and universities in New Anglin will serve as an adviser to Megnq until July 15, and then beginh her new job at the Megna had previously served as commission of the state Department of Taxationn and Finance.
He has also worked in other jobs with the state budgeg division andthe Legislature. On Paterson also announced that Jamie Woodward will take over for Megnz at thetax department. Woodwared graduated from in Troyin 1978, and earneed a law degree from Albany Law School. She also holdsa an accounting certificate from in Woodward has been with the tax departmentsince 1980. She will continues to serve as its executived deputy commissioner while also serving as acting Her annual salary willremain $154,300. Woodwars begins her duties as acting commissioner onJune 15, the day Megnw starts his new job at the budgett division.
Friday, December 2, 2011
Wichita Business Journal: Wichita Commercial Real Estate Listings - View Commercial Real Estate
tiqosi.wordpress.com
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