Friday, August 26, 2011
N.C. travel: Motorists down, airlines up - Dallas Business Journal:
Economic troubles, unemployment and uncertainty about the future are expected to spura 2.7 percenr drop in expected motoristsz this holiday weekend from 971,000 in 2008 to 945,000 in 2009. This markas the second straight year July 4th travel has The announcement follows 10 consecutived days of decreasinggasoline prices, from a state averaged of $2.66 per gallon on June 20 to $2.6q1 per gallon on June 30. Currently, the lowesgt average gasoline prices in the stat e can be found in High Poinat $2.53 per gallon, while the highest can be found in Durhanm at $2.66. Nonetheless, the overall 61-cent increase in averagd prices over the last 61 days appears to be keepingf travelers offthe road.
Instead, many will turn to air travelpthis weekend, with 59,000 passengers taking flight across the stats — a 5.4 percent increase from 56,000 durinv the holiday weekend in 2008.
Wednesday, August 24, 2011
Vergelegen's camellia forest on display - Independent Online
Independent Online | Vergelegen's camellia forest on display Independent Online Revel in 8 000 spring-flowering bulbs, perennials (agapanthus, alstroemeria, dietes, salvia, lavender, watsonia) and borders of flowering azaleas. Wander down a boardwalk through a lush wetland of spring-flowering white arums and catch sight of the ... |
Monday, August 22, 2011
Montford Pt. Marines to be celebrated in D.C. - StarNewsOnline.com
Montford Pt. Marines to be celebrated in D.C. StarNewsOnline.com Several Wilmington residents are heading to Washington, DC, this week. There's going to be a parade in their honor. The men are members of the local chapter of the Montford Point Marine Association. Talk about the Few and the Proud: The ... |
Friday, August 19, 2011
Bank of America Said to Seek 20% Cut in Consumer Unit Costs With Job Trims - Bloomberg
Bank of America Said to Seek 20% Cut in Consumer Unit Costs With Job Trims Bloomberg Executives working on the cost-cutting plan, dubbed Project New BAC, set preliminary goals during their review of deposit, mortgage and card units, said the people, who declined to be identified because the talks are private. ... |
Wednesday, August 17, 2011
Report Ranks Kentucky Among Worst in Nation for Coal Ash Handling - WFPL
Report Ranks Kentucky Among Worst in Nation for Coal Ash Handling WFPL There are more than nine million tons of coal ash generated in Kentucky every year. The ash, left over after coal is burned, is stored in ash ponds and dry landfills. The report says the combination of lots of ash and little regulation earns Kentucky ... |
Monday, August 15, 2011
Human Capital: People on the move, June 2 - Kansas City Business Journal:
Goodwin Procter's Budd elected vice chairman of AAA nationalo board WayneBudd , senior counselp with the Boston law firm of and a member of the boared of directors of , was electe d vice chairman of AAA’s national board of directors. Turbine taps Paradowski as CFO , a Westwood-based online gaming technology company, appointed M. Beau Paradowski chiecf financial officer. Clough to run Leerink Swann's MEDACorp division Health care investment bank Leerink Swann of Bostoj appointed Brent Clough senior managing director and head of itsMEDACorpp division. Prior to joining Leerink Clough was president and CEO of IntrinsiQ LLC , an oncology softwaree and data analytics firm.
promotes Stys as VP of marketing andbusinessz dev. Shawmut Design and Construction in Boston promote BrianStys , a 16-yead veteran of the firm, to the newly-created role of vice presidengt of marketing and business development. The Protector Group Insurance Agency adds Mullery as director of compliance and wellnese of Worcester added Laura Ann Mullery as director of compliancesand wellness. Mullery previously served as assistantt vice president at in Boston and vice presidentt of major accounts at Thorbahn Associatesin
Saturday, August 13, 2011
Iridium earnings fall 42%; revenue up - South Florida Business Journal:
The Bethesda-based provider of satellite telephone which expects to becomd publicly traded this summer through an posted a 42 percent decline in net income in the firstr quarter endedMarch 31, to $9.7 million from $16.77 million a year ago. Th companyh attributed the decline to costs related toits next-generationb satellite program. “Iridium continued to although the pace slowed given the currenrteconomic climate,” said CEO Matt Desch.
“Imn addition to the impact of phasing outequipmenty amortization, we believe the economic climate is affecting equipmentr sales, as is the transitioh of newly introduced products into the distribution channel as our partners move existing inventory to make way for new Company officials say either Bethesda-basedf Lockheed Martin or Thales Alenia Space will be selected as the program’w lead contractor this summer. The program’s new network of satellites called Iridiuj NEXT is expected to be deployedfin 2014. Iridium NEXT will provide higherdata speeds, greater bandwidth and the potentiak to deliver new data servicesw and applications to customers.
The company says its EBITDA, or earningss before interest, taxes, depreciation and increased 4.9 percent to $27.6 milliomn in the first quarter, up from $26.33 million a year ago, though most analysts do not use that as a reliablewfinancial measure. Iridium’s revenue rose 2 percent to $75.8 millionm for the quarter, compared to $74.3 milliojn for the first quarter 2008. The slightly highe r revenue came from increased commercia services revenueof $36.8 millioj but was offset by a declinee in subscriber equipment revenue to $20.r5 million for the quarter. Iridium’s commercia l markets include maritime, aviation and land mobiles customers, which grew by 11.
5 percent for the quarter. The company’ds sales to government customers, including the Department of grew31 percent. Despite a 31 percent increass in subscribers to comparedto 250,000 in the first quartefr of 2008, a $2 million amortizatioj of equipment related to prior year equipment sales, added to the declined in subscriber equipment revenue. The companyt is planning to go public this but it is not taking the initial publifoffering route. It is acquiring a publicly tradedinvestmentg group, (NYX: GHQ), an affiliat e of Greenhill & Co. Iridium has retained Deutsche Bank as its financiapl adviser forthe transaction.