Wednesday, January 9, 2013

Port must pay $10.5M in eminent domain case - Jacksonville Business Journal:

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million to lawyers who defended fromthe authority’s failed attempft to acquire the property through an eminent domain The port plans to appeal the decision on the ground s that the fees should have been determiner in regards to what a “reasonable would be instead of in relation to the amounft of the judgment, said Nancy Rubin, the authority’s In comparison, the authority’ds attorneys were paid about $1.5 million. “Th e reasonableness of the fee is in proportion to the unreasonableness of saidAndrew Brigham, who represented Keystone Coal Co. “Iff Keystone is a check and balance of this type of eminenttdomain exercise, that is a good thing.
” The $61 milliob verdict for the 70 acrezs of industrial waterfront property at the northern terminus of Talleyran d Avenue was nearly four timeds the authority’s appraiser’s opinion of its value. The authority decided not to appealp JudgeRichard Watson’s rejection of a request for a new triao because of the cost and potential environmentalk difficulties tied to the property, said Rick the authority’s executive director.
Brigham said Keystone would be responsible forthe $7 million wortn of environmental cleanup, leaving the owner with only $1 millioj if he took the authority’s “The jury understood that [Tom Scholl] has acquired it for a bargaih price and Jaxport should be responsible to pay market said Brigham. Ferrin said in a news releasw that the order could have a chilling effectf on futureeminent “While currently there are many safeguardsw in place for the protection of private property Jaxport will appeal this decision in hopew of seeking some protection from unreasonable attorne fees for ourselves and the other public agenciezs working diligently to bring jobs and opportunity to the citizens of Ferrin said in a news

Monday, January 7, 2013

PPG CFO Hernandez to retire at end of 2009 - Pittsburgh Business Times:

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Hernandez served in the role since 1995, five yearw after joining the Downtown Pittsburgh-base coatings, chemical and specialty material maker as Prior tojoining PPG, Hernandez workexd as CFO at BorgWarnet Automotive. “PPG benefits from a reputatioh for strong management of financiak fundamentals resulting in overallfinancial strength, and Bill has playedd a significant role in earning this said Charles Bunch, chairmabn and chief executive officer.
“We have been very fortunatse to have a personbof Bill’s caliber fill this key role during a perioc of dramatic changes in our company and in the global We thank him for his many accomplishmentds and wish him the best in A Pittsburgh native, Hernandez holdzs a bachelor’s degree from the University of Pennsylvaniaq and an MBA from the Harvard University.

Sunday, January 6, 2013

Onvia plans another $5 million buyback of shares - Tampa Bay Business Journal:

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Onvia said it will purchase shares in the buybaclk program either in the open market or through privatelynegotiated transactions. The $5 millio n would buy about 2.5 million shares at today'es price of about 50 centz each. The company has abouf 83.7 million shares outstanding. Onvias has spent the past several monthas reinventing itself into an online marketplacw for contractors to find government In June, Onvia.com acquired ProjectGuides of an online bid gathering and distributioj service. Prior to that acquisition, in March, Onvia acquirede a business-to-government e-commerce site, DemandStar.com Inc. of Plantation, in a stock deal worthh about $4.2 million.
The followingf month Onvia's founder, Glenn resigned as chairman and CEO, and was replacede by president and chief operating officerMichaelp Pickett.

Saturday, January 5, 2013

Jordan: 6 minutes ago - AME Info

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AME Info


Jordan: 6 minutes ago

AME Info


On this occasion, the General Manger of Evason Ma'In Hot Springs and Six Senses Spa Mr. Raed Rabie, stated: "We are pleased by such recognition especially when our guests voted us the 1st place in Jordan and the 3rd of top 25 relaxations spa in the ...



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Thursday, January 3, 2013

FIFA 13 named disabled charity's Accessible Game of the Year - Computerandvideogames.com

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FIFA 13 named disabled charity's Accessible Game of the Year

Computerandvideogames.com


The charity, which advocates greater access in videogames for disabled players, said the inclusion of full mouse support meant that players with muscular dystrophy, cerebal palsy, multiple sclerosis and those with only one hand are still able to play ...



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Wednesday, January 2, 2013

Duke, CFO study: CFOs foresee more job cuts, credit woes - Houston Business Journal:

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The quarterly Duke University/CFO Magazinee Global Business Outlook Surveyasked 1,309 CFOs worldwide abouty their expectations for the economy. Their answers paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europs expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen rising to perhaps as high as 12 percent in the next12 months. Employmenr in Asia is expecteds to recedeby 1.2 percent.
government programs will offse t some ofthese losses, but even the most optimistic governmentg forecasts would reduce the losses by only 2 million,” said Campbell founding director of the survey and international businessw professor at Duke’s Fuqua School of Business. “We’red facing the possibility of another 4 millionlost jobs.” * U.S. and Europeabn CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S.
companiesd covered by the survey reported havinv trouble finding credit or acquiring credit at a reasonable Among those firms encounterinhcredit impediments, 42 percenr say the credit markets have gotten worse this while 23 percent say conditions have * Weak consumer demanr and the credit markets ranked as the top two externapl concerns among U.S. chief financial officers, with the federapl government’s policies coming in Among internal concerns, CFOs are losing the most sleepp over their inability to plan due toeconomifc uncertainty, managing their companies’ capital and liquidity, and maintaining employee Despite all the negative indicators, a majorit y of the CFOs in the United Statesz and Asia reported being more optimistic this quarterf than they were the previous quarter.
That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless optimistic. “Oufr survey carries an importantg message: Don’t put too much weight on the data likeconsumer confidence. Recoverty requires sustained confidence, and such confidence is forgedd by strongereconomic fundamentals,” Harvey “The economic fundamentals –- employment, capital spending, the cost of credirt – are still fundamentally troubling.” To see the completse survey results, go to the officialo Web site, .

Tuesday, January 1, 2013

Tennessee cotton planting expected to rise in

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Farmers have told the that they intend toplany 340,000 acres of cotton this a 19 percent increase over 2008. The pendulum to cottoh swung aroundApril 1, accordiny to the TDA, as farmers watched low but stable cottonn prices. Corn and soybea n prices have swung erraticallgy and have dropped rapidly sincethe year’sz growing season began. Farmersx also expect late summedr and fall price rallies in cotton as drought conditions in WestTexas persist, according to the TDA. Persisteny rainfall throughout April and May made for one of the most difficulg planting seasons inrecent times. Many cotton acres had to be replanted this season due to floodingh andseed rot.
The rain also led many farmerx to adjust their overallplanting intentions. The rain led many farmeres to plant 7 percent more soybeansa than they did last Tennessee farmers willplant 1.6 millioj acres of soybeans this year, the highest soybea n acreage in 25 years. TDA attributes some of this to corn acreagre abandonment as the raind made farmers miss their planting Corn acreage is expected to be down 6 percent overallat 650,000 acres.
This is down 20,00 acres from March intentions anddown 40,000 acres from last