Deutsche Boerse to Administer Monthly Chicago PMI Report IMarketnews.com WASHINGTON (MNI) - The arm of the Frankfurt exchange Deutsche Boerse that sells capital market data worldwide is taking over production of a key monthly US economic indicator, the Chicago Business Barometer popularly known as the ... |
Wednesday, June 29, 2011
Deutsche Boerse to Administer Monthly Chicago PMI Report - IMarketnews.com
obesonuqa.wordpress.com
Monday, June 27, 2011
PBA backs expanded River District renewal area - Phoenix Business Journal:
ywyjihu.wordpress.com
Sandra McDonough, the alliance’s president and CEO, told the Portlandf City Council on June 17 that the city need s to do everything it can to providemore jobs. The councio is reconsidering expanding the River Districf by nearly42 acres, as well as increase the amount of bondas the city can assume to fund projects within the district. The council and the Portland Development Commissioh had first sought the expansion nearly two years ago but were thwarte bya citizens’ group complaint.
The Friends of Urban Renewal group had charged that the River Districtexpansio proposal, which would have also redirected $20 million in district-generated funds to a new East Portlandc elementary school, didn’t fit technicapl urban renewal definitions. The councik will vote on the measurdenext week. McDonough said urban renewal providess funding for investmentsin infrastructure, social services and public-privatew partnerships. “We need to create she said. “We have an opportunity to do just that by adoptinv theserevised findings, which address the issues that have been raisex about the River District expansion.
We can then move forwarde with the important projectw that depend onthese funds.” City Commissioner Nick Fish has said that the constructio n of a new homeless services center could depencd on urban renewal fundsz if construction is to begin this year. McDonough said the alliance backs using urba renewal funds to build the center.
Sandra McDonough, the alliance’s president and CEO, told the Portlandf City Council on June 17 that the city need s to do everything it can to providemore jobs. The councio is reconsidering expanding the River Districf by nearly42 acres, as well as increase the amount of bondas the city can assume to fund projects within the district. The council and the Portland Development Commissioh had first sought the expansion nearly two years ago but were thwarte bya citizens’ group complaint.
The Friends of Urban Renewal group had charged that the River Districtexpansio proposal, which would have also redirected $20 million in district-generated funds to a new East Portlandc elementary school, didn’t fit technicapl urban renewal definitions. The councik will vote on the measurdenext week. McDonough said urban renewal providess funding for investmentsin infrastructure, social services and public-privatew partnerships. “We need to create she said. “We have an opportunity to do just that by adoptinv theserevised findings, which address the issues that have been raisex about the River District expansion.
We can then move forwarde with the important projectw that depend onthese funds.” City Commissioner Nick Fish has said that the constructio n of a new homeless services center could depencd on urban renewal fundsz if construction is to begin this year. McDonough said the alliance backs using urba renewal funds to build the center.
Saturday, June 25, 2011
Halt of study on nuclear waste repository frustrated NRC staff - STLtoday.com
haygoodfoafyga1359.blogspot.com
Washington Times | Halt of study on nuclear waste repository frustrated NRC staff STLtoday.com WASHINGTON รข€¢ In an unusual public dissent, staff members of the Nuclear Regulatory Commission told a House subcommittee Friday that they were frustrated by a boss's decision to halt their evaluation of a site in Nevada as a future repository for the ... Staff Criticize Nuclear Regulator for Halting Evaluation A firing is in order Top Democrat defends embattled nuclear chief |
Thursday, June 23, 2011
NM
ycoguqi.wordpress.com
The stimulus package includeds $4.4 billion to implement local smart grids, whichn rely on automated monitoring of electricity use andcomputerizec supply-and-demand controls to reduce energy consumption in residences and buildings. Gov. Bill Richardson’e administration has been working for nearly two years on blueprints for a statewide strategy to roll outthe nation’sz first fully modernized local grid.
The plan calls for developmeng of a lot morerenewablde energy, a massive transmission upgrade to distributed clean power, and an automated networkk backed by the state’s supercomputere to effectively balance supply and Nevertheless, the ’s initial guidelinea for bidding on grants outline a piecemea l approach to building smart grids, said Tom Richardson’s science advisor on loan from and a key architect of the state’s smart-grid initiative. The DOE essentialluy wants states to concentratew on individual components ofgrid modernization, such as installing smartf meters in homes and buildingsd to monitor energy use.
“The initial guidelinees limit the technologies and scopeof grant-funded Bowles said. “You can’t get funding for multiple technologies that crossd over andmerge together, but that’s exactlu what’s needed to manage all the differences in energg generation and consumption that exist betwee n urban and rural areas or among commercial and institutional consumers.” In the guidelines originally set a $20 millionj cap on individual smart-grid investment grantxs and $40 million for regional demonstration reflecting the scaled-down scope of the DOE Concerted lobbying by New Mexico officialsa and others contributed to a DOE decision in mid-May to increase the caps to $200 millio and $100 million, respectively.
However, the DOE won’gt release final grant guidelinesuntil mid-June, and unlessa there are more changes, New Mexico’sw integrated, multiple-project approach might not be fundable. “The scope of New Mexico’as smart green grid will require hundredx of millionsof dollars, not tens of so the increase in grant caps was Bowles said. “But we still need to see how much flexibilityu the DOE will permit forintegrated smart-grid projects.
” The initial guidelines also include a mandate for 50 percenyt matching funds from grant That could be even more limiting than the DOE’ds scaled-down approach to smart-gridd construction, said Stephan Helgesen, who heads the Economixc Development Department’s Office of Science and Technology. Helgesenh has visited communities statewide todiscuss smart-gridd projects and coordinate grant proposals. “Everybodg is enthusiastic about smart-grid stimulus but the municipalities saythey don’t have matching Helgesen said. “That could be a real deal breakedrfor everybody.
” Still, state officials are encouraging utilitie and municipalities to send grant proposals anyway so that, whatevere the final DOE guidelines, New Mexicok will be ready to compete for “If the DOE’s limited scope is unchanged, we’ll have to segment our effortxs into smaller parts,” Bowles said. “Some things will get fundedf andsome won’t.” In response, utilities and municipalitiea are scrambling to turn in proposals. Kit Carsonn Electric Cooperativein Taos, for example, wantzs funding to install more distributed solar energy, and to extenx broadband access to all of its 30,00o customers.
The broadband would enable neede energy monitoring and automation systems while connecting more peopldeto high-speed Internet services, said CEO Luis “The stimulus could be a shot in the arm to help build an integrated smart grid, and to lay the foundatiomn for more economic development,” Reyes said.
The stimulus package includeds $4.4 billion to implement local smart grids, whichn rely on automated monitoring of electricity use andcomputerizec supply-and-demand controls to reduce energy consumption in residences and buildings. Gov. Bill Richardson’e administration has been working for nearly two years on blueprints for a statewide strategy to roll outthe nation’sz first fully modernized local grid.
The plan calls for developmeng of a lot morerenewablde energy, a massive transmission upgrade to distributed clean power, and an automated networkk backed by the state’s supercomputere to effectively balance supply and Nevertheless, the ’s initial guidelinea for bidding on grants outline a piecemea l approach to building smart grids, said Tom Richardson’s science advisor on loan from and a key architect of the state’s smart-grid initiative. The DOE essentialluy wants states to concentratew on individual components ofgrid modernization, such as installing smartf meters in homes and buildingsd to monitor energy use.
“The initial guidelinees limit the technologies and scopeof grant-funded Bowles said. “You can’t get funding for multiple technologies that crossd over andmerge together, but that’s exactlu what’s needed to manage all the differences in energg generation and consumption that exist betwee n urban and rural areas or among commercial and institutional consumers.” In the guidelines originally set a $20 millionj cap on individual smart-grid investment grantxs and $40 million for regional demonstration reflecting the scaled-down scope of the DOE Concerted lobbying by New Mexico officialsa and others contributed to a DOE decision in mid-May to increase the caps to $200 millio and $100 million, respectively.
However, the DOE won’gt release final grant guidelinesuntil mid-June, and unlessa there are more changes, New Mexico’sw integrated, multiple-project approach might not be fundable. “The scope of New Mexico’as smart green grid will require hundredx of millionsof dollars, not tens of so the increase in grant caps was Bowles said. “But we still need to see how much flexibilityu the DOE will permit forintegrated smart-grid projects.
” The initial guidelines also include a mandate for 50 percenyt matching funds from grant That could be even more limiting than the DOE’ds scaled-down approach to smart-gridd construction, said Stephan Helgesen, who heads the Economixc Development Department’s Office of Science and Technology. Helgesenh has visited communities statewide todiscuss smart-gridd projects and coordinate grant proposals. “Everybodg is enthusiastic about smart-grid stimulus but the municipalities saythey don’t have matching Helgesen said. “That could be a real deal breakedrfor everybody.
” Still, state officials are encouraging utilitie and municipalities to send grant proposals anyway so that, whatevere the final DOE guidelines, New Mexicok will be ready to compete for “If the DOE’s limited scope is unchanged, we’ll have to segment our effortxs into smaller parts,” Bowles said. “Some things will get fundedf andsome won’t.” In response, utilities and municipalitiea are scrambling to turn in proposals. Kit Carsonn Electric Cooperativein Taos, for example, wantzs funding to install more distributed solar energy, and to extenx broadband access to all of its 30,00o customers.
The broadband would enable neede energy monitoring and automation systems while connecting more peopldeto high-speed Internet services, said CEO Luis “The stimulus could be a shot in the arm to help build an integrated smart grid, and to lay the foundatiomn for more economic development,” Reyes said.
Monday, June 20, 2011
Star Tribune plans to exit bankruptcy in September - Minneapolis / St. Paul Business Journal:
afukakuja.wordpress.com
The newspaper, which declared bankruptcy Jan. 15, filefd its proposed reorganization plan withthe U.S. Bankruptcy Court for the Southern District of New York on The paper said its creditors have agreed tothe plan. Underr the plan, the Star Tribune would emerg from bankruptcywith $100 million in debt. The companu would be worth between $118 milliob and $144 million, including its real estatre holdings. Unsecured creditors will receive a smallp cash distribution or be converted into new common stock and warrants to be issued by the reorganized The newspaper’s current ownershiop group, led by New York-based , will not receive a stakee in the new company.
Avista boughtr the paper in 2007for $530 million. Chairmah and Publisher Chris Harte, a membert of Avista Capital Partners’ executive advisory will leave the which will get a new boardof directors, publishet and CEO. “The Star Tribune expects to emerges from its financial restructuring as a financially viable with a stronger balance significantly less debt and substantially reducedfoperating costs,” the newspaper said in a
The newspaper, which declared bankruptcy Jan. 15, filefd its proposed reorganization plan withthe U.S. Bankruptcy Court for the Southern District of New York on The paper said its creditors have agreed tothe plan. Underr the plan, the Star Tribune would emerg from bankruptcywith $100 million in debt. The companu would be worth between $118 milliob and $144 million, including its real estatre holdings. Unsecured creditors will receive a smallp cash distribution or be converted into new common stock and warrants to be issued by the reorganized The newspaper’s current ownershiop group, led by New York-based , will not receive a stakee in the new company.
Avista boughtr the paper in 2007for $530 million. Chairmah and Publisher Chris Harte, a membert of Avista Capital Partners’ executive advisory will leave the which will get a new boardof directors, publishet and CEO. “The Star Tribune expects to emerges from its financial restructuring as a financially viable with a stronger balance significantly less debt and substantially reducedfoperating costs,” the newspaper said in a
Saturday, June 18, 2011
Lumiere stops recognizing warring union, affecting 750 workers - Minneapolis / St. Paul Business Journal:
http://vmire.nm.ru/kazak_hist.htm
Lawyers representing managementat -owned Lumiere sent letters Thursdah to representatives of Local 74 and its spinoff, , announcin a withdrawal of recognition of Local 74. “Thee union has evinced a lack of continuityyof representation, altering the identity of the bargaininhg representative and establishing a fundamental changd in the bargaining representatives,” DLA Piper lawyersz representing Lumiere wrote to Dave Morton of Unite HERE Local 74 and Noel Beasle y of Workers United.
Lumiere started receiving competing claims about whicyh union was representing its kitchen andhousekeeping workers, creating confusion about the official unionn representation, said Todd George, general manager and vice president at “Our hope was that the unions wouls be able to work this out amongsr themselves,” he said. “We’re trying to stay out of the middlew of thesecompeting unions.
” He said Lumiere notified workerxs Thursday of the company’s decisio to not recognize the As a result, Local 74 filed unfaire labor practice charges with the National Labo Relations Board, said Morton, the organizing directore for Local 74, who called Pinnacle's actionse "unlawful" and "ludicrous." “This has been nothing more than an attemprt by (Pinnacle Chairman and CEO) Dan Lee and the headas of Pinnacle Entertainment to be he said. Morton said the union wouldd consider picketingbut hasn't made any decisions yet.
When askedr about the possibility of a strike or other George said: “We would hope that woulfd not be the case, especially in this type of economy. That’sx not the way we would like to If there is a Lumiere has a right to replace any workersz who walk offthe job, accordintg to Mack Bradley, a Lumiere Unite HERE was formed in 2004 when a garment workers union, and Hoteol Employees and Restaurant Employees Union joined forces. But the marriags wasn’t a happy one, with garmenrt workers claiming that the newleadershipl didn’t care about their needs, leadingf to a lot of disgruntled workers nationwide.
So in March, some workerw defected to create Workers which has been competing with Unite HERE to represenyt workers nationwideever since. Localk 74 voted in Marchu to leave Unite HERE to become a part ofWorkerds United, Morton said. Workera United is now affiliated withlabor . Pinnacle Entertainment Inc. (NYSE: PNK) is basedf in Las Vegas.
Lawyers representing managementat -owned Lumiere sent letters Thursdah to representatives of Local 74 and its spinoff, , announcin a withdrawal of recognition of Local 74. “Thee union has evinced a lack of continuityyof representation, altering the identity of the bargaininhg representative and establishing a fundamental changd in the bargaining representatives,” DLA Piper lawyersz representing Lumiere wrote to Dave Morton of Unite HERE Local 74 and Noel Beasle y of Workers United.
Lumiere started receiving competing claims about whicyh union was representing its kitchen andhousekeeping workers, creating confusion about the official unionn representation, said Todd George, general manager and vice president at “Our hope was that the unions wouls be able to work this out amongsr themselves,” he said. “We’re trying to stay out of the middlew of thesecompeting unions.
” He said Lumiere notified workerxs Thursday of the company’s decisio to not recognize the As a result, Local 74 filed unfaire labor practice charges with the National Labo Relations Board, said Morton, the organizing directore for Local 74, who called Pinnacle's actionse "unlawful" and "ludicrous." “This has been nothing more than an attemprt by (Pinnacle Chairman and CEO) Dan Lee and the headas of Pinnacle Entertainment to be he said. Morton said the union wouldd consider picketingbut hasn't made any decisions yet.
When askedr about the possibility of a strike or other George said: “We would hope that woulfd not be the case, especially in this type of economy. That’sx not the way we would like to If there is a Lumiere has a right to replace any workersz who walk offthe job, accordintg to Mack Bradley, a Lumiere Unite HERE was formed in 2004 when a garment workers union, and Hoteol Employees and Restaurant Employees Union joined forces. But the marriags wasn’t a happy one, with garmenrt workers claiming that the newleadershipl didn’t care about their needs, leadingf to a lot of disgruntled workers nationwide.
So in March, some workerw defected to create Workers which has been competing with Unite HERE to represenyt workers nationwideever since. Localk 74 voted in Marchu to leave Unite HERE to become a part ofWorkerds United, Morton said. Workera United is now affiliated withlabor . Pinnacle Entertainment Inc. (NYSE: PNK) is basedf in Las Vegas.
Thursday, June 16, 2011
Burglary jeopardizes opening of N. Georgia center for sexually exploited girls - Atlanta Journal Constitution
viktorsejbgif.blogspot.com
Burglary jeopardizes opening of N. Georgia center for sexually exploited girls Atlanta Journal Constitution The opening of a North Georgia treatment center for sexually exploited girls has been jeopardized by a major burglary, and the GBI is seeking the public's help in catching the thieves. The "large-scale commercial burglary" ... |
Monday, June 13, 2011
Vurv acquires People Business Network - Jacksonville Business Journal:
ntoifuisa.blogspot.com
Vurv officials said the goal is to provide clientd with all the work force management tools they from hiringto separation. "Decision support and employeseseparation management, along with work force analytics, are perhapsw the most untapped areas in talent management," said Deremk Mercer, founder and CEO of Vurv. "U.S. companies will spende over $15 billion this year alone on employeer separations with little insight into the impact oftheire decisions." As part of the deal, Vurv will acquire PBN's list of including 10 Fortune 500 companies. Vurv spokeswoma n Jaime Spuhler said the company is not lookinbg at anymore acquisitions, but that could change.
Vurv Technologyt Inc., which is based in Jacksonville and was formerlhy knownas Recruitmax, provides work force management technolog y and services, including applications for recruitment, performance and compensatiohn management.
Vurv officials said the goal is to provide clientd with all the work force management tools they from hiringto separation. "Decision support and employeseseparation management, along with work force analytics, are perhapsw the most untapped areas in talent management," said Deremk Mercer, founder and CEO of Vurv. "U.S. companies will spende over $15 billion this year alone on employeer separations with little insight into the impact oftheire decisions." As part of the deal, Vurv will acquire PBN's list of including 10 Fortune 500 companies. Vurv spokeswoma n Jaime Spuhler said the company is not lookinbg at anymore acquisitions, but that could change.
Vurv Technologyt Inc., which is based in Jacksonville and was formerlhy knownas Recruitmax, provides work force management technolog y and services, including applications for recruitment, performance and compensatiohn management.
Saturday, June 11, 2011
Report: NetApp CEO sees Data Domain delay - San Francisco Business Times:
vittitowmehigyk1238.blogspot.com
billion is on hold while opinions are sought on rival biddefEMC Corp's offer. NetApp CEO Dan Warmenhoven said federalk regulators may not allow Data Domain toaccept EMC'zs (NYSE:EMC) $30-a-share offer because of antitrust issues. Sunnyvale-based Data Domai n (NASDAQ:DDUP) on Wednesday accepted Santa Clara-based NetApp'd (NASDAQ:NTAP) offer, saying it believed it wouldr be better for its shareholders and customers. EMC insisted that its all-casu offer of $30 a share is superior to NetApp'sw cash-and-stock bid at the same amoun t and called onData Domain's board not to get in the way of its takeovee effort.
Data Domain and NetApp had agreed to a deal two week earliert forabout $25 a share, or $1.5 billion. Data Domaijn shares closed Fridayat $32.59, down 19 NetApp shares fell 4 centss to close at $18.82 while EMC rose 4 cents to close at Both EMC and NetApp believe Data Domaibn will help their data management businesses. The company's technologg cleans out redundant data as it getsbacked up.
billion is on hold while opinions are sought on rival biddefEMC Corp's offer. NetApp CEO Dan Warmenhoven said federalk regulators may not allow Data Domain toaccept EMC'zs (NYSE:EMC) $30-a-share offer because of antitrust issues. Sunnyvale-based Data Domai n (NASDAQ:DDUP) on Wednesday accepted Santa Clara-based NetApp'd (NASDAQ:NTAP) offer, saying it believed it wouldr be better for its shareholders and customers. EMC insisted that its all-casu offer of $30 a share is superior to NetApp'sw cash-and-stock bid at the same amoun t and called onData Domain's board not to get in the way of its takeovee effort.
Data Domain and NetApp had agreed to a deal two week earliert forabout $25 a share, or $1.5 billion. Data Domaijn shares closed Fridayat $32.59, down 19 NetApp shares fell 4 centss to close at $18.82 while EMC rose 4 cents to close at Both EMC and NetApp believe Data Domaibn will help their data management businesses. The company's technologg cleans out redundant data as it getsbacked up.
Thursday, June 9, 2011
Video: Meredith Vieira Has Tearful and Musical Farewell on 'Today' - AceShowbiz
gault-rickettsias.blogspot.com
Kansas City Star | Video: Meredith Vieira Has Tearful and Musical Farewell on 'Today' AceShowbiz ' » |
Tuesday, June 7, 2011
Geithner details $1.5B tax-credit program - Boston Business Journal:
http://salaunfranke.com/?p=1
billion in New Markets Tax Credif awards for 32organizations nationally, includin the Rockland, Mass.-based Rockland Trust Communithy Development Corp. The New Market s Tax Credit program is funded through the American Recovery andReinvestmentt Act. The program is intendeed to allocate private-sector capital investment into communitie s around the country to create encourage economic growth andjumpstart lending, according to a releases from the . The 32 recipient organizations, announced Wednesday by Geithner whilein Boston, are planning investmentse in renewable energy projects, charter schools, health care facilities, manufacturin g companies and retail centers.
The New Markets Tax Creditg Program was established by Congress in December 2000 and enablews taxpayers to receive federal income tax credites for investing in CommunityDevelopment Entities. The credits equal 39 percenf of the cost of the investments and can be claimes overa seven-year period. A majorityh of the investments must be used by CDEs to make qualifiedx investmentsin low-income communities. Geithner’s announcement was made today at Project a New Markets Tax Credit award recipient in Geithner was joined byMassachusetts Gov. Deval Patricj and Community Development Financial Institutions Fund DirectodDonna Gambrell.
A division of the Departmentf of Treasury, the CDFI Fund administers the New Markets TaxCreditg program. To date, close to $12 billion of private-sector capital has been investee through theNMTC Program.
billion in New Markets Tax Credif awards for 32organizations nationally, includin the Rockland, Mass.-based Rockland Trust Communithy Development Corp. The New Market s Tax Credit program is funded through the American Recovery andReinvestmentt Act. The program is intendeed to allocate private-sector capital investment into communitie s around the country to create encourage economic growth andjumpstart lending, according to a releases from the . The 32 recipient organizations, announced Wednesday by Geithner whilein Boston, are planning investmentse in renewable energy projects, charter schools, health care facilities, manufacturin g companies and retail centers.
The New Markets Tax Creditg Program was established by Congress in December 2000 and enablews taxpayers to receive federal income tax credites for investing in CommunityDevelopment Entities. The credits equal 39 percenf of the cost of the investments and can be claimes overa seven-year period. A majorityh of the investments must be used by CDEs to make qualifiedx investmentsin low-income communities. Geithner’s announcement was made today at Project a New Markets Tax Credit award recipient in Geithner was joined byMassachusetts Gov. Deval Patricj and Community Development Financial Institutions Fund DirectodDonna Gambrell.
A division of the Departmentf of Treasury, the CDFI Fund administers the New Markets TaxCreditg program. To date, close to $12 billion of private-sector capital has been investee through theNMTC Program.
Saturday, June 4, 2011
SMF Energy announces $40M recapitalization - The Business Review (Albany):
haygoodfoafyga1359.blogspot.com
The company (NASDAQ: FUEL) said in a news release that it estimatea the recapitalization will reduceits short-ternm debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interest and dividende by more than $1 milliob a year. It said shareholders' equity has been increasedr by morethan $4 million as a SMF Energy said it extinguished all of its existinf non-bank debt and outstanding preferred stock through various agreement with dozens of existing debt and equitt investors, while converting its existing $25 million asset-based lendingh facility into a new, more three-year, $20 million asset-based lending facility and a $5 60-month amortized term the proceeds of which were used to pay down $4.
8677 million in secured notes and $125,000 in unsecured The company said it issued new stock to make up the balancwe paid for the cancellation and extinguishment of the existing debt and equity securities. Fort Lauderdale-based SMF Energy said in the release that the recapitalizatiobn took place with amended agreementw withand . It said the only non-bani debt incurred in the recapitalizatiomn was an unsecured subordinatedc promissory noteof $800,000 at 5.5 percentt interest issued to an existing institutiona l investor in exchange for $800,000 of one of the Augustf 2007 11 percent senior secured convertible promissoryg notes.
The institutional investodr alsoexchanged $200,000 of the same secure note for shares of commobn stock priced at 38 centes a share, which was greater than the closing bid pric of the stock on the day befor e the effective date. acted as SMF Energy’d placement agent for the recapitalization and received feesof $380,000, paid with a combinatiobn of cash and securities, pursuant to a Feb. 1 investmenyt banking agreement. SMF Energy suppliese specialized transportation and distribution services for petroleum productsand chemicals.
It provides commercial mobile andbulk fueling, along with other services to the transportation, construction, energy, telecommunications and government services sectors. Formerly knowjn as , as of Nov. 30, it conducted operations through 31 service locations in 11 Shares closed down nearly 3 centx to about35 cents. The 52-week high was 71 centss on Aug. 28. The 52-week low was 10 centsd on Feb. 20.
The company (NASDAQ: FUEL) said in a news release that it estimatea the recapitalization will reduceits short-ternm debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interest and dividende by more than $1 milliob a year. It said shareholders' equity has been increasedr by morethan $4 million as a SMF Energy said it extinguished all of its existinf non-bank debt and outstanding preferred stock through various agreement with dozens of existing debt and equitt investors, while converting its existing $25 million asset-based lendingh facility into a new, more three-year, $20 million asset-based lending facility and a $5 60-month amortized term the proceeds of which were used to pay down $4.
8677 million in secured notes and $125,000 in unsecured The company said it issued new stock to make up the balancwe paid for the cancellation and extinguishment of the existing debt and equity securities. Fort Lauderdale-based SMF Energy said in the release that the recapitalizatiobn took place with amended agreementw withand . It said the only non-bani debt incurred in the recapitalizatiomn was an unsecured subordinatedc promissory noteof $800,000 at 5.5 percentt interest issued to an existing institutiona l investor in exchange for $800,000 of one of the Augustf 2007 11 percent senior secured convertible promissoryg notes.
The institutional investodr alsoexchanged $200,000 of the same secure note for shares of commobn stock priced at 38 centes a share, which was greater than the closing bid pric of the stock on the day befor e the effective date. acted as SMF Energy’d placement agent for the recapitalization and received feesof $380,000, paid with a combinatiobn of cash and securities, pursuant to a Feb. 1 investmenyt banking agreement. SMF Energy suppliese specialized transportation and distribution services for petroleum productsand chemicals.
It provides commercial mobile andbulk fueling, along with other services to the transportation, construction, energy, telecommunications and government services sectors. Formerly knowjn as , as of Nov. 30, it conducted operations through 31 service locations in 11 Shares closed down nearly 3 centx to about35 cents. The 52-week high was 71 centss on Aug. 28. The 52-week low was 10 centsd on Feb. 20.
Thursday, June 2, 2011
Rep. Weiner Struggles to Explain Origin of Lewd Twitter Photo - Fox News
fusajacuxejilyp.blogspot.com
msnbc.com | Rep. Weiner Struggles to Explain Origin of Lewd Twitter Photo Fox News Asked by Fox News about the origin of the image, Weiner said: "We're concerned about saying anything definitively." Asked the same question again, Weiner snapped: "You know ... we've been sitting down for a brief moment and you're already asking if ... Weinergate Intensifies; 'The Jokes Write Themselves' Congressman denies sending photo, but is less sure about origin Anthony Weiner defended by Jon Stewart (Video) |
Subscribe to:
Posts (Atom)