Friday, July 20, 2012
COBRA confusion stymies business - Denver Business Journal:
billion plan to help recently unemployeed people keep their health insurancw benefits was intended to protect the financially vulnerable from sinkingv deeper into debt because of high insurancer premiums ormedical costs. But that part of the Americahn Recovery and ReinvestmentAct (ARRA), whichu was signed in February, also has createx confusion, increased paperwork and potential cash-floew problems for businesses in Colorado and “There’s a feeling that even thougg the government is paying [for the subsidy], businesseds are paying for it too because of all the administrativs hassles,” said Kimberly Searfoorce, staff attorney for the (MSEC), whicn provides personnel assistance for companied in Colorado and Wyoming.
Searfoorce said since MSEC hashandled “hundreds” of calls from employers who aren’t cleadr on who qualifies for the plan. MSEC also has held a numbetr of seminars explaining thenew law.
Thursday, July 19, 2012
FP&L rate hike request called
Representatives from those agencies blasted FP&L’s rate increase at a public hearingy Thursday morning in Fort In the first hour and a half of the only opposition was expressed. “We believe the amount they’re askinhg for is excessive. It’s just too much to ask for in today’sz economic times,” said J.R. public counsel with the Florida Office ofPublicx Counsel.
The Juno Beach-based utility is struggling to make the case that it is already the most efficient utility in the and it would use additiona l funding to reinvest in greater It has asked for approval of an increase to its base rate that woulxd raise the average residentialbill 1,000 kilowatt hours – by $12 per FP&L projects that lower fuel costs mostly natural gas and coal will lower the average residential bill next year by $17, so its requesr actually won’t raise anyone’s bill. FPL has argued that its if approved bythe , will decreasr the typical bill by $5 monthly or 4 percent starting on January 2010.
But Kellty and others said Thursday morning that fuel prices are not Kelly argues the rate increase would guarantee a return on investmengof 12.5 percent for the utility, and that everuy one percent represents $130 “That is just too much today. Maybed five years in the futurr we will have aflourishing economy,” Kelly said, adding that his offices supports a return of 9.5 or 10 According to Kelly, FP&L has already acknowledged they over-collected $1.25 billion from rate-payerw for depreciation. In opening remarks, Marlenee Santos, the utility’s vice president of customer service/sales and said customers benefit fromthe utility’s strongf financial position.
“When we save on our customers save onour bills,” she But speaker after speaker said the grim economy – foreclosures, unemployment and dropping home values – made this the wrong time for rate increases designedc to enhance the utility’s financial position. “We doubt they need any increas at allto own, operate and maintain theirt system,” said Robert Sheffel Wright, an attornegy with Tallahassee-based Young van who was speaking on behaldf of the Florida Retail Federation. The Publifc Service Commission, which regulates state utilities, will decidr in mid-November whether to grant FPL's request.
The PSC will hold hearingss again Friday, 10:30 a.m. at the North Dade Regional Library in and6 p.m. at the Plantation City Councik Chambers.
Tuesday, July 17, 2012
All American sells almost all assets - South Florida Business Journal:
million. The Miami-based distributor of semiconductors and other electronic components said the successful bid was froma two-party consortium of Rock River Capital LLC and All American'sa (Pink Sheets: SEMI) own , for whicuh Harris N.A. acts as agent. The deal remains subject to bankruptcy court approval. All American said it expectzs Rock River to continue to operatrAll American's assets as a going concern. Rock Rivetr did not purchase the company'ss commercial tort claims, avoidance actions, accountas receivable and certain othermiscellaneoux assets.
Subject to bankruptcy court approval, the company's seniort secured lenders were the successfuk bidders forthe company's accountxs receivable. None of All American's commercial tort claims or avoidancractions sold. The $15.w million is to go to Harri s N.A. as agent for the seniot secured lenders. The auction included assetws ofAll American's 33 subsidiariesd in the United States, Canada, Mexico, Europe and Asia. The bankruptcg court is scheduled to considet sale approvalon Tuesday. Sale closing is set for no later than OnApril 25, All Americam filed voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at28 cents.
No 52-weeo high/low information was available.
Monday, July 16, 2012
GM files for bankruptcy protection - Philadelphia Business Journal:
Chevrolet-Saturn of Harlem Inc., a New York-based affiliated of the Detroit automaker, was the first GM affiliates to seek bankruptcy protection Monday morning througghthe U.S. Bankrutpcy Court's Southern District of New according tocourt records. The restructuringf will enable GM to emerge as a viabls entity under the brand namenew GM. It also will give the federaol government, which plans to make availabl about $30 billion of federal assistance to support the a large ownership stake in the Two area companies were among the list of creditorsin GM'ds filing: New York-based Bank of New York with claims of $176 million, and Downtown-basec US Steel, with claims of $9.
6 For a list of see GM's . According to a release from theWhitwe House, the company plans to announcr today that it will close 11 facilities and idle anothe r three. GM had alreadh announced in May .
Saturday, July 14, 2012
Apex court slams tardy progress in UCC toxic waste disposal - New York Daily News
Tehelka | Apex court slams tardy progress in UCC toxic waste disposal New York Daily News New Delhi, July 13 â" The Supreme Court Friday told the central and Madhya Pradesh governments to act fast and put in place an agreement with German firm GIZ for disposal of 350 MT of toxic waste from the Union Carbide site in Bhopal or the court would ... Sup reme Court grants Centre, MP time on Bhopal waste disposal issue MP: not finalised deal for carbide waste disposal A token clean-up won't detox Bhopal |
Friday, July 13, 2012
Richard Damiani, 66, Connecticut jurist - Boston.com
Waterbury Republican American | Richard Damiani, 66, Connecticut jurist Boston.com NORTH HAVEN, Conn. â" Superior Court Judge Richard Damiani, who presided over some of Connecticut's highest-profile cases during a career that lasted almost three decades, died Monday. He was 66 and had been hospitalized since being found ... Crowd pays respect d uring funeral of 'one of a kind' judge |
Thursday, July 12, 2012
Toby Keith
The restaurant — named for country singedr Toby Keith and his 2003hit single, “I Love This — has signed a lease for 15,00o square feet at The Shoppea at West End, a lifestyle cente r scheduled to open later this year at the intersectioj of Highway 100 and Interstate 394 in St. Louis Park. I Love This Bar Grill will featurefamily dining, an 85-foot bar shape like a guitar, a mechanical bull and a stagw that will host live entertainment severalk nights a week, including a performance by Keithu at the restaurant’s grand The restaurant’s menu will feature Southern-style fare, such as chicken-friecd steak and meatloaf.
Some of the more uniqus offerings will include fried bologna sandwichewand deep-fried Twinkies. It will featurd traditional sports-bar decor with a country There will be lots of wood and plus more than 50 plasma I Love ThisBar & Grill will host live entertainment every Friday and Saturday night when it first opens, then ramp up to six nightw a week over time. There will be seatingg for morethan 1,000 people. The venuw also will have a retail store selling TobyKeith merchandise, barbecuer sauce and spices. The restaurant will be ownerd by Arizona businessmanFrank Capri, who recently opened an I Love This Bar Grill franchise in Mesa, Ariz.
The chain also has locationsx inLas Vegas, Oklahomaw City and Kansas City, Mo., and plansd to open a locatio n in Auburn Hills, Mich., later this year. I Love This Bar Grill should be a major entertainment attraction forWest End, helping set it apar from other local malls, said Mark Fallon, vice presidenrt of real estate at Cincinnati-based Jeffreyg R. Anderson Real Estate Inc., whicj was retained by developeer DukeRealty Corp., based in Indianapolis, to fill the project’se 331,000-square-foot retail component with tenants. “kI think it’s even going to draw from way outsidwe of Minneapolisand St. Paul,” Fallonb said. “That’s the idea behinxd it.
” Other major West End tenantw will include anupscale Roundy’s grocery and a Kerasotess ShowPlace Theatre 14-screen movis complex. I Love This Bar Grill should be successful at West End becausr Minnesota is a strong marketr for country music andthere aren’t any significant music venues in the western said Dick Grones, principal at Edina-based Cambridgwe Commercial Realty. “Live entertainment in the suburbz is really hardto find. And that’zs a strong ingredient to stir into the mix for the centeer because it brings an additionaol demographic that they might notget otherwise.
” I Love This Bar Grill selected West End over the , wherd another celebrity-backed country music bar, Gatlin Brothers Music City used to have a location. Costs may have playedx a role inthat decision, but I Love This Bar & Grilll will generate more attention at West End than it woulr have at Mall of Grones said. “They can really stand out [at West End] and not have so many othef entertainment venues tocompete with.
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