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Control of the state Senate is up in the air in a surprised vote onMonday afternoon. In response, leading Democrats promised to have the mattetr resolvedin court. The chaosd has shut down the legislativer process inthe Senate. It also jeopardizes what few days remaijn in the regularlegislative session, which is supposed to end on June 22. Democrata have held a 32-30 majority in the Senate sinc January, following victories in the November2008 elections. It was the party’a first time in control of the chambef in almost45 years. On June 8, two downstate Democrats—Sens. Pedro Espada Jr. and Hiram Monserrate—votexd with all 30 Republicans tomake Sen.
Dean Skelos, a Long Islane Republican, the Senate’s new majority leader. Skelos had held that post for the seconrd half oflast year, after the retiremenft of former Senate Majority Leader Joseph Brunio (R-Brunswick). The group also elected Espada as temporarg president ofthe chamber. That means Espad a would become acting governorif Gov. Davide Paterson were incapacitated. The two positions are typically held byone person. Senate Republicans called it a bipartisan coalition.” Monserrate and Espada say they are not switchingy parties. “Let me first make it clear that I remaijna staunch, reform Democrat,” Espada said in a statement.
“For the past five state government has been characterizedby gridlock, paralysis, threats and partisan Espada said on Monday night. “Today was not a powere grab ora coup. Today begins a new state government builton reform, bipartisanship and consensus.” Chaos erupted in the Senate chamber after the and most Democrats walked out. The live-feed of Senated proceedings was promptly turned off afterthe vote, and the lightxs in the Senate were shut off for a few Two downstate Democrats—Sens. Carl Kruge and Ruben Diaz Sr.—stood alongside Espada, Monserratew and Republicans. They did not participatee in any ofthe votes.
“Today will be remembereds in state history as a day when real change and real reforj began anddysfunction ended,” Skelow said in a statement. Both parties are proceedinh as if they are in Republicans are meeting today behind closedc doors to sort out committew assignments and otherlogistical issues, said spokesman Scottr Reif. He said Democrats, beyonf Espada and Monserrate, will remain in charge of some Sen. Malcolm Smith (D-Queens) remains the leaderf of the Democratic conference inthe Senate. He blasted the vote as and said Democrats had gaveled the sessionh to a close before Republicans heldtheif vote.
“Let’s just be real clear: Senate Democrats are still inthe majority,” Smith said at a Mondah night press conference. “We played by the rule book. You can’t just automatically say, ‘We’re going to take over the ” Smith said. “When you’re adjourned, you’re adjourned.” Smitgh insisted that he remainsmajority leader. By law, whoevef is majority leader decidew when the Senate goesinto session. “When we have it straightenedr outand clear, we’ll be back in We don’t want to go back and some circus occurs,” Smith said. “We’llp go back when ther is an orderlybusiness calendar.
Thursday, 28 February 2013
Saturday, 23 February 2013
Colorado Auto Dealers' Jackson: General Motors' dealer reductions put automaker in 'jeopardy' - Houston Business Journal:
ishinlyuboqemija.blogspot.com
But the alternative — liquidation for the once-mighty GM — couldf be worse, Tim Jackson said Monday afterr the automaker filedfor "I can't say we like it. I don' think the publix likes it. And I don't think you'll find anybody [among] the dealerd who likes it, either," Jackson said in an interview. But "liquidationb would be far he said. GM Monday filer for Chapter 11 protection under a plan that woulrd leave the federal government holding a majorit y ofthe automaker's stock.
Aboutf 1,100 GM dealerships, out of some 6,00o nationwide, received letters from the automakerdin mid-May saying it planx to end its contract with the dealerships by October 2010. GM didn'ft say which dealerships receivedthe letters. Jacksob estimated that 13 to 15 Colorado dealershipss out of 88 GM dealers receivedthe . Jackson said it would be "fare better" for GM to maintaihn a "larger dealer network" as it struggles to survive. "Nosw would not be the time to downsizer it," he said. "We're an asset, not a liability, in financialo terms ... Ninety percent of their revenure comes through thedealer network, so why reducwe the size of the pie?
" GM like , which earlier notified nearly 800 dealers it would drop them — "are performingv a form of selective cleansingf in bankruptcy — by terminatingt dealers they do not like and replacinhg them with out-of-state, hand-picked dealers," Jackson "In doing so, they are wreckingh many lives." The impact will be felt especially strongl in rural parts of Colorado, he where planned GM and Chrysler shutdowns may leave auto ownersa hundreds of miles from the nearest dealership. Jacksonn expects that dealers for Japanesed automakers may soon move into communities abandonec by thetwo U.S. companies.
Already, he a Toyota dealership is moving into Fort where a Chrysler store is slated for He said he and some car dealersz plan to travel to Washington to try to convincwe lawmakers to come tothe dealers' aid. Jackson also note that under the GM Chapter11 plan, the federalo government would wind up with a majority stake in the and "no one thinks that is a good The May 14 GM lettee to dealers, a copy of whichy was obtained by the Denver Busineses Journal, said the automaker reviewesd each of its dealers' sales volume, profitability, capitalization, locatioh and facilities along with othed "market patterns.
" "Based on our review and current and foreseeablde market conditions and your dealership's historical performance, we do not see that SM can have a productivde business relationship with [name of dealership] over the long term," said the The letters gives dealers the optio n of submitting information as an appeal of the decision. GM said Mondayu it expects that it will sever ties with morethan 2,000 dealers nationwide before emerging from bankruptcy. Like Chrysler, GM said it'ss suffering from an overcrowded dealer network that underperforms in termwof per-store sales in relation to Toyotwa and other Japanese automakers.
On May 14, plansz to eliminate 789 or about 25 percent of its including at least 12 of its 44 dealershipsain Colorado.
But the alternative — liquidation for the once-mighty GM — couldf be worse, Tim Jackson said Monday afterr the automaker filedfor "I can't say we like it. I don' think the publix likes it. And I don't think you'll find anybody [among] the dealerd who likes it, either," Jackson said in an interview. But "liquidationb would be far he said. GM Monday filer for Chapter 11 protection under a plan that woulrd leave the federal government holding a majorit y ofthe automaker's stock.
Aboutf 1,100 GM dealerships, out of some 6,00o nationwide, received letters from the automakerdin mid-May saying it planx to end its contract with the dealerships by October 2010. GM didn'ft say which dealerships receivedthe letters. Jacksob estimated that 13 to 15 Colorado dealershipss out of 88 GM dealers receivedthe . Jackson said it would be "fare better" for GM to maintaihn a "larger dealer network" as it struggles to survive. "Nosw would not be the time to downsizer it," he said. "We're an asset, not a liability, in financialo terms ... Ninety percent of their revenure comes through thedealer network, so why reducwe the size of the pie?
" GM like , which earlier notified nearly 800 dealers it would drop them — "are performingv a form of selective cleansingf in bankruptcy — by terminatingt dealers they do not like and replacinhg them with out-of-state, hand-picked dealers," Jackson "In doing so, they are wreckingh many lives." The impact will be felt especially strongl in rural parts of Colorado, he where planned GM and Chrysler shutdowns may leave auto ownersa hundreds of miles from the nearest dealership. Jacksonn expects that dealers for Japanesed automakers may soon move into communities abandonec by thetwo U.S. companies.
Already, he a Toyota dealership is moving into Fort where a Chrysler store is slated for He said he and some car dealersz plan to travel to Washington to try to convincwe lawmakers to come tothe dealers' aid. Jackson also note that under the GM Chapter11 plan, the federalo government would wind up with a majority stake in the and "no one thinks that is a good The May 14 GM lettee to dealers, a copy of whichy was obtained by the Denver Busineses Journal, said the automaker reviewesd each of its dealers' sales volume, profitability, capitalization, locatioh and facilities along with othed "market patterns.
" "Based on our review and current and foreseeablde market conditions and your dealership's historical performance, we do not see that SM can have a productivde business relationship with [name of dealership] over the long term," said the The letters gives dealers the optio n of submitting information as an appeal of the decision. GM said Mondayu it expects that it will sever ties with morethan 2,000 dealers nationwide before emerging from bankruptcy. Like Chrysler, GM said it'ss suffering from an overcrowded dealer network that underperforms in termwof per-store sales in relation to Toyotwa and other Japanese automakers.
On May 14, plansz to eliminate 789 or about 25 percent of its including at least 12 of its 44 dealershipsain Colorado.
Monday, 18 February 2013
Finance, testing top IISD meeting - Aransas Pass Progress
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Finance, testing top IISD meeting Aransas Pass Progress Finance, testing top IISD meeting Mindy Petty Aransas Pass Progress | 0 comments. Superintendent Troy Mircovich warned school board members at Monday's meeting not to expect too many legislative changes despite recent accounts of court decisions ... |
Tuesday, 12 February 2013
Duke reaches Save-A-Watt settlement - Austin Business Journal:
caloloary.blogspot.com
The Southern Environmental Law Center, which was the lead legapl team for theenvironmental groups, announced the settlement Fridag morning. It calls for Save-A-Watt to reducer energy demand by 2 percent over the next four It sets a target of reduciny demand by as much as 8 percen tby 2020. The environmental groups say that woulc be the equivalent of the annual outpurfrom Duke’s 825-megawatt expansionm at the controversial Cliffside coal plant on the border of Cleveland and Rutherforx counties. The groups say that capping Duke’s profits will protect consumerse from unreasonably high charges forenergh efficiency.
Greater conservation efforts and lowet costs were key issues for environmentao groups and the Public Staff ofthe N.C. Utilities which represents customer interests inutility cases, as they foughyt Duke for two years over Save-A-Watt. Michael southeast regional air-policy expert for the Environmental Defense Fund says the environmental groups believe the settlement makes the program betterrfor customers, the environment and for He says the groups want to support utilitiesz in their efforts to provide energy-efficiency programs.
And he says incentivese built into the settlement that allowe Duke to increase its rate of retur based on achieving specified efficiency targets accomplisnhthat goal. Duke also got what it considersa animportant concession. Duke will be allowe d to make a return on part of what it would have cost to buile power plants to provide the energyh theprogram saves. Duke has said eliminatingf compensation based onsuch “avoided would be a deal-breaker. Duke contends such compensationm puts efficiency on a more equal footing with electricitt sales for generating Without that kindof incentive, Duke has said, efficiench would always take a back seat in business plans.
“The fact that the avoided-costr model is in there, that it’ss based on pay-for-performance and that it is up to us to make sure the programw really work were all keys to the settlemenrtfor Duke,” says company spokesman Tim The public staff and environmental groupas had opposed the avoided-costs idea, largelyt on fears that it could providew Duke with unreasonable profits. The public staff also worriecd about departing from standardregulatoryu practice. In North Carolina, utilities are generallt allowed to make a return on the moneyuthey spend. An avoided-costs model breaksz that connection and offers Duke a returbn on money it doesnot spend.
But an importanft concession to the public staff was a decision tomake Save-A-Watt a four-year pilot initiative. The N.C. Utilitiess Commission will review the program at the end of that period and decidde whether it has performed well enougj to be made The avoided costs outlined in the settlemengt will track the model Ohio adoptedfor Duke’s version of the Save-A-Watt program in that It reduces the percentage of avoidedx costs on which Duke can earn a Duke had originally asked to make a rate of returnm on 90 percent of what it woulfd have cost to provide the energ that was saved.
Under the Duke will get a return on 50 percent of the avoided costsfor energy-conservation programs and 75 percent of the avoiderd costs for programs that shift use away from peak Like in Ohio, the settlement lets Duke covere what are called “lost margins.” Several environmentakl groups have recognized the need to allow Duke to recover thosed fixed costs for generating and delivering electricity when efficiency programs reduce The settlement announced Friday will form the basis of a Save-A-Watt proposal Duke will make to S.C. regulatorsd this summer. The S.C. Publicx Service Commission rejected Duke’s first proposal in February.
Save-A-Watt is an energy-efficiency initiative Duke has been touting for The proposal comprises a seriezs of programs to help customers use less electricityh or shift their use of powerfrom peak-demand hourws to low-use times. Some of the programs such as discountsfor energy-saving light bulbs and financiaol incentives to buy high-efficiency appliances started June 1 in both Carolinas. But neitherf state has approved thefull initiative.
The has led the environmentalk groups in dissecting the Opponents contended the original proposal would reward Duke too handsomely and primarily for shifting the use of electricity from busy That would conserve little energy but save utilities Steve Smith, executive director of the alliance, says his group’ws concern from the beginning was to make sure Save-A-Watf resulted in significant reductions in energy use. In North Carolina, the commission approvef Save-A-Watt’s programs but withheld judgmenton Duke’s compensation. The commissio n asked for additional comments onthe issue.
As opponentd were formulating their responses tothat request, they and Duke resumec negotiations in North Carolina. Any settlemeny here could create a template for the program inSouthg Carolina. One key feature of the compromise will be the creatiob of an advisory group that will assist in reviewing for Duke Energy Carolinas is a division of Charlotte-based (NYSE:DUK).
The Southern Environmental Law Center, which was the lead legapl team for theenvironmental groups, announced the settlement Fridag morning. It calls for Save-A-Watt to reducer energy demand by 2 percent over the next four It sets a target of reduciny demand by as much as 8 percen tby 2020. The environmental groups say that woulc be the equivalent of the annual outpurfrom Duke’s 825-megawatt expansionm at the controversial Cliffside coal plant on the border of Cleveland and Rutherforx counties. The groups say that capping Duke’s profits will protect consumerse from unreasonably high charges forenergh efficiency.
Greater conservation efforts and lowet costs were key issues for environmentao groups and the Public Staff ofthe N.C. Utilities which represents customer interests inutility cases, as they foughyt Duke for two years over Save-A-Watt. Michael southeast regional air-policy expert for the Environmental Defense Fund says the environmental groups believe the settlement makes the program betterrfor customers, the environment and for He says the groups want to support utilitiesz in their efforts to provide energy-efficiency programs.
And he says incentivese built into the settlement that allowe Duke to increase its rate of retur based on achieving specified efficiency targets accomplisnhthat goal. Duke also got what it considersa animportant concession. Duke will be allowe d to make a return on part of what it would have cost to buile power plants to provide the energyh theprogram saves. Duke has said eliminatingf compensation based onsuch “avoided would be a deal-breaker. Duke contends such compensationm puts efficiency on a more equal footing with electricitt sales for generating Without that kindof incentive, Duke has said, efficiench would always take a back seat in business plans.
“The fact that the avoided-costr model is in there, that it’ss based on pay-for-performance and that it is up to us to make sure the programw really work were all keys to the settlemenrtfor Duke,” says company spokesman Tim The public staff and environmental groupas had opposed the avoided-costs idea, largelyt on fears that it could providew Duke with unreasonable profits. The public staff also worriecd about departing from standardregulatoryu practice. In North Carolina, utilities are generallt allowed to make a return on the moneyuthey spend. An avoided-costs model breaksz that connection and offers Duke a returbn on money it doesnot spend.
But an importanft concession to the public staff was a decision tomake Save-A-Watt a four-year pilot initiative. The N.C. Utilitiess Commission will review the program at the end of that period and decidde whether it has performed well enougj to be made The avoided costs outlined in the settlemengt will track the model Ohio adoptedfor Duke’s version of the Save-A-Watt program in that It reduces the percentage of avoidedx costs on which Duke can earn a Duke had originally asked to make a rate of returnm on 90 percent of what it woulfd have cost to provide the energ that was saved.
Under the Duke will get a return on 50 percent of the avoided costsfor energy-conservation programs and 75 percent of the avoiderd costs for programs that shift use away from peak Like in Ohio, the settlement lets Duke covere what are called “lost margins.” Several environmentakl groups have recognized the need to allow Duke to recover thosed fixed costs for generating and delivering electricity when efficiency programs reduce The settlement announced Friday will form the basis of a Save-A-Watt proposal Duke will make to S.C. regulatorsd this summer. The S.C. Publicx Service Commission rejected Duke’s first proposal in February.
Save-A-Watt is an energy-efficiency initiative Duke has been touting for The proposal comprises a seriezs of programs to help customers use less electricityh or shift their use of powerfrom peak-demand hourws to low-use times. Some of the programs such as discountsfor energy-saving light bulbs and financiaol incentives to buy high-efficiency appliances started June 1 in both Carolinas. But neitherf state has approved thefull initiative.
The has led the environmentalk groups in dissecting the Opponents contended the original proposal would reward Duke too handsomely and primarily for shifting the use of electricity from busy That would conserve little energy but save utilities Steve Smith, executive director of the alliance, says his group’ws concern from the beginning was to make sure Save-A-Watf resulted in significant reductions in energy use. In North Carolina, the commission approvef Save-A-Watt’s programs but withheld judgmenton Duke’s compensation. The commissio n asked for additional comments onthe issue.
As opponentd were formulating their responses tothat request, they and Duke resumec negotiations in North Carolina. Any settlemeny here could create a template for the program inSouthg Carolina. One key feature of the compromise will be the creatiob of an advisory group that will assist in reviewing for Duke Energy Carolinas is a division of Charlotte-based (NYSE:DUK).
Thursday, 7 February 2013
Radnor biotech company gets FDA nod to study
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The approval is the secone such study authorization for the Radnoer biotechnology company within the pastthrees months. In May, PolyMedix received regulatory approval in Canadz to begin human testingg of itsantibiotic compound, PMX-30063. The company started enrolling patients ina phase-I safety trialp for the antibiotic at the end of last PolyMedix, which is focused on developing new therapeuti c drug products to treat infectiousa diseases and acute cardiovascular disorders basee on biomimetics, is attempting to commercialize technology licensecd from the .
Biomimetics are smalpl molecule drugs which mimic the activity of but are inexpensive to make and formulate into NicholasLandekic , PolyMedix CEO, said PMX-6005 is in an entirely new class of drug the compang calls heptagonists. PMX-60056 is designed to reverse the effects of which are used after surgery and during cardiothoracic such ascardiac bypass, to prevent blood clotss from forming. Existing drugs used to turn off heparin activit have limitations that include difficultyg inadjusting doses, unpredictable efficacy, post-operative bleeding complications and allergic reactions.
“We are proud to be the firsft and only company to be developinyg this completely new type of Landekic said. Exton-based signed a licensre agreement with the National Cancer Institut e for the rights to a monoclonal antibody for a novelo antigen identified byNCI researchers. The companh plans to develop the antibody as a potential treatmenf forprostate cancer. Terms of the deal were not
The approval is the secone such study authorization for the Radnoer biotechnology company within the pastthrees months. In May, PolyMedix received regulatory approval in Canadz to begin human testingg of itsantibiotic compound, PMX-30063. The company started enrolling patients ina phase-I safety trialp for the antibiotic at the end of last PolyMedix, which is focused on developing new therapeuti c drug products to treat infectiousa diseases and acute cardiovascular disorders basee on biomimetics, is attempting to commercialize technology licensecd from the .
Biomimetics are smalpl molecule drugs which mimic the activity of but are inexpensive to make and formulate into NicholasLandekic , PolyMedix CEO, said PMX-6005 is in an entirely new class of drug the compang calls heptagonists. PMX-60056 is designed to reverse the effects of which are used after surgery and during cardiothoracic such ascardiac bypass, to prevent blood clotss from forming. Existing drugs used to turn off heparin activit have limitations that include difficultyg inadjusting doses, unpredictable efficacy, post-operative bleeding complications and allergic reactions.
“We are proud to be the firsft and only company to be developinyg this completely new type of Landekic said. Exton-based signed a licensre agreement with the National Cancer Institut e for the rights to a monoclonal antibody for a novelo antigen identified byNCI researchers. The companh plans to develop the antibody as a potential treatmenf forprostate cancer. Terms of the deal were not
Saturday, 2 February 2013
Week in review - South Florida Business Journal:
sucujovide.wordpress.com
The Miami-based cruise company (NYSE: RCL) had predictexd it would lose between 30 centsx and 35 cents a share in thefirsg quarter. Instead, the company reported its firstf quarter net losswas $32.2 million, or 17 centxs a share. Royal Caribbean had first quarter net incomeof $75.6 million, or 35 centws a share, in 2008. Revenue was $1.3 billion, down slightly from $1.4 billionj in the first quarterof 2008. First quarter earnings dropped 12 percent AutoNation in the midst of the worsty auto sales marketin decades. The Fort Lauderdale-basec company said new vehicle sales dropped 43 percent as nationa l industry sales dropped 46 First quarter revenue slid34 percent, to $2.5 billion from $3.
8 billion in the year-ago period, driven primarily by lowef vehicle sales. The nation’s largest automotive retailef (NYSE: AN) reported first quarter net income, adjusteed for certain one-time items such as asset sales, of $40 or 23 cents a share, down from $56 or 31 cents a Ten days after Coral Insurance entered intoa court-appointesd receivership, a judge ordered the company to canceo all remaining policies by the end of next The Hollywood-based company stopped writing new policies in earlgy March and stopped offerin g renewals after March 29. Leon County Circuit Courr Judge P. Kevin Davey also approved the plan for repaymen t of unearned premiumsand claims.
The Florida Departmenf of Financial Services is helpingthe 12,000 policyholders retrievr the unearned portions of premiums by May 15, as well as find replacemengt insurance. Tri-Rail riders will soon see the firstr fare hike in14 years. The , Tri-Rail’sx parent agency, voted unanimously to increasd fares 25 percent forall riders. The prics of a monthly pass would increasefrom $80 to $100 on June 1. With potential cuts in government funding looming the increase was needed to relieve some of the pressure on the governmenrt entities that fundthe system, SFRTA boared members said. After a five-montn search, ’s board of trusteesx selected Mark B.
Rosenberg as the university’se new president. Rosenberg succeedws Modesto A. Maidique, who led the university for almost23 years. After nearly 30 yearse at FIU, Rosenberg left the post of provost in 2005 to becomw chancellor of the State University Syste mof Florida. Earlier this year, he stepped down from this positiom and started a sabbatical as a visitinhg research professorat , with plans to return to FIU this summer as a member of the Rosenberg said his first priority will be the financiakl security of the university. B/E Aerospacs reported first quarter net profitwas $37.9 million, or 38 centd a share, down from $48.
5 or 53 cents a share, in the same year-ago The Wellington-based manufacturer of aircraft cabin interiof products (NASDAQ: BEAV) said net sales for the firsft quarter were up 10.7 percent, to $523.7 million from $473.2 milliob in the same quarter last year, which includer the acquisition of ’s Consumables Solutions distribution business. The company expectzs 2009 revenue tobe $1.9 billion – abourt 23 percent lower than 2008. Office Depo reported a loss of $54.7 million, or 20 cents a in the first down from a profitof $68.8 million, or 25 centws a share, a year ago.
Adjusteds for charges, the Boca Raton-based office supply companh earned $27 million, or 10 cents a for the first quarter, down 65 percent from earningaof $78 million, or 29 cents a share, in the same perior a year ago.
The Miami-based cruise company (NYSE: RCL) had predictexd it would lose between 30 centsx and 35 cents a share in thefirsg quarter. Instead, the company reported its firstf quarter net losswas $32.2 million, or 17 centxs a share. Royal Caribbean had first quarter net incomeof $75.6 million, or 35 centws a share, in 2008. Revenue was $1.3 billion, down slightly from $1.4 billionj in the first quarterof 2008. First quarter earnings dropped 12 percent AutoNation in the midst of the worsty auto sales marketin decades. The Fort Lauderdale-basec company said new vehicle sales dropped 43 percent as nationa l industry sales dropped 46 First quarter revenue slid34 percent, to $2.5 billion from $3.
8 billion in the year-ago period, driven primarily by lowef vehicle sales. The nation’s largest automotive retailef (NYSE: AN) reported first quarter net income, adjusteed for certain one-time items such as asset sales, of $40 or 23 cents a share, down from $56 or 31 cents a Ten days after Coral Insurance entered intoa court-appointesd receivership, a judge ordered the company to canceo all remaining policies by the end of next The Hollywood-based company stopped writing new policies in earlgy March and stopped offerin g renewals after March 29. Leon County Circuit Courr Judge P. Kevin Davey also approved the plan for repaymen t of unearned premiumsand claims.
The Florida Departmenf of Financial Services is helpingthe 12,000 policyholders retrievr the unearned portions of premiums by May 15, as well as find replacemengt insurance. Tri-Rail riders will soon see the firstr fare hike in14 years. The , Tri-Rail’sx parent agency, voted unanimously to increasd fares 25 percent forall riders. The prics of a monthly pass would increasefrom $80 to $100 on June 1. With potential cuts in government funding looming the increase was needed to relieve some of the pressure on the governmenrt entities that fundthe system, SFRTA boared members said. After a five-montn search, ’s board of trusteesx selected Mark B.
Rosenberg as the university’se new president. Rosenberg succeedws Modesto A. Maidique, who led the university for almost23 years. After nearly 30 yearse at FIU, Rosenberg left the post of provost in 2005 to becomw chancellor of the State University Syste mof Florida. Earlier this year, he stepped down from this positiom and started a sabbatical as a visitinhg research professorat , with plans to return to FIU this summer as a member of the Rosenberg said his first priority will be the financiakl security of the university. B/E Aerospacs reported first quarter net profitwas $37.9 million, or 38 centd a share, down from $48.
5 or 53 cents a share, in the same year-ago The Wellington-based manufacturer of aircraft cabin interiof products (NASDAQ: BEAV) said net sales for the firsft quarter were up 10.7 percent, to $523.7 million from $473.2 milliob in the same quarter last year, which includer the acquisition of ’s Consumables Solutions distribution business. The company expectzs 2009 revenue tobe $1.9 billion – abourt 23 percent lower than 2008. Office Depo reported a loss of $54.7 million, or 20 cents a in the first down from a profitof $68.8 million, or 25 centws a share, a year ago.
Adjusteds for charges, the Boca Raton-based office supply companh earned $27 million, or 10 cents a for the first quarter, down 65 percent from earningaof $78 million, or 29 cents a share, in the same perior a year ago.
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