Sunday, 29 April 2012

Analyzing the Seahawks' Day Three selections - CBSSports.com

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Bleacher Report


Analyzing the Seahawks' Day Three selections

CBSSports.com


The bad: Seven of the Seahawks' 10 selections came on the defensive side. It's unlikely  »

Friday, 27 April 2012

FP&L rate hike request called

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Representatives from those agenciesblasteds FP&L’s rate increase at a public hearint Thursday morning in Fort Lauderdale. In the firsgt hour and a half ofthe hearing, only opposition was “We believe the amount they’rwe asking for is excessive. It’s just too much to ask for in today’s economic times,” said J.R. Kelly, public counsepl with the Florida Offices ofPublic Counsel. The Juno Beach-based utility is strugglint to make the case that it is alread y the most efficient utility in the and it would use additiona l funding to reinvest ingreater efficiency.
It has asked for approva of an increase to its base rate that woulxd raise the average residentialbill – 1,000p kilowatt hours – by $12 per month. FP&L projects that lower fuel costs – mostly natural gas and coal will lower the averaged residential bill next yearby $17, so its requesft actually won’t raise anyone’s FPL has argued that its proposal, if approvedf by the , will decreasd the typical bill by $5 monthlt or 4 percent starting on Januargy 2010. But Kelly and othera said Thursday morning that fuel prices are not Kelly argues the rate increas would guarantee a return on investmentof 12.
5 percent for the and that every one percent represents $130 “That is just too much Maybe five years in the future we will have a flourishingf economy,” Kelly said, adding that his office supports a return of 9.5 or 10 percent. According to Kelly, FP&L has already acknowledged they over-collected $1.25 billionm from rate-payers for depreciation. In opening remarks, Marlenre Santos, the utility’s vice presidenty of customer service/sales and said customers benefit fromthe utility’sz strong financial position. “When we save on our customers save on our she said.
But speakerr after speaker said the grimeconomy – unemployment and dropping home valueds – made this the wrong time for rate increasese designed to enhance the utility’s financial position. “We doubft they need any increase at allto own, operat e and maintain their system,” said Roberr Sheffel Wright, an attorney with Tallahassee-based Youny van Assenderp, who was speaking on behalfc of the Florida Retail The Public Service Commission, which regulates state will decide in mid-November whether to granty FPL's request. The PSC will hold hearings agaimn Friday, 10:30 a.m. at the North Dade Regional Libraryin Miami; and 6 p.m.
at the Plantation City Counci Chambers.

Thursday, 26 April 2012

bizjournals: Search Results

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last week bought the Ash-McNeil buildingh at the intersection of...... by on Augusf 24, 2007 ...Icon in the a joint venture of Bristol Developmentand , is also the defendanyt in several suits by buyers who by on June 30, 2009 ...partnershi p between Franklin-based Bristol Development Group and Jay Turner's , whicnh developed the Icon and Velocity condos in the Gulch neighborhood...... by on June 26, 2009 ...witj Velocity in the is a partnership between Bristopland . Several would-bed buyers at the Icon have sued to by onJune 5, 2009 ...grandd opening planned for July 17. Jay Turner, managing director of , says he's been working to bring The WineLoft to...... on May 27, 2009 ...
real estats industry

Sunday, 22 April 2012

Lacrosse: Westminster's McDaniel College tops No. 13 Gettysburg, 12-10 - Baltimore Sun

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Lacrosse: Westminster's McDaniel College tops No. 13 Gettysburg, 12-10

Baltimore Sun


McDaniel College jumped out to an 8-2 halftime advantage before holding on to topple No. 13 Gettysburg, 12-10, in Centennial Conference (CC) men's lacrosse action on Saturday, April 21. Skippy Clary (Baltimore/Catonsville) scored three goals to lead ...



Friday, 20 April 2012

Most Florida banks swoon; three provide model for growth - The Business Journal of Milwaukee:

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USAmeriBank went from red to black ink by signinv talented bankers who brought customerswith them. Acquisitionss boosted the bottom line at CenterStatse Bankof Florida. A mergerr of related financial institutions cut expensessat , while a strongert balance sheet grew income. Each bank prosperecd by using different methodologies, yet their strategies providr a road map for institutions struggling to turn their balance sheets positive. Their profit gains are all the more remarkable given the difficult economid climatein Florida.
The said 305 banka and thrifts in Florida reported a combined net lossof $643 milliob for the 2009 first compared to net income of $4 millio n for the year-ago period. Profitability remainsa weak because banks continure to struggle withbad loans, said Pauls Johannsen, managing director of , an investmeng banking firm in Tampa. Nonperforming assets don’t bring in interesyt income, pressuring margins. The provisions bankse take for expected loan losses cut furthef into their income while the legal and managemeny expense related to foreclosed propertygoes up. USAmeriBanlk — which has amassex $650.
8 million in assets in its twoyears — has a cleabn balance sheet, said Joe Chillura, CEO. The bank avoided developmentf lending and the loans it does have that are secured by real estate arefor owner-occupied properties, Chilluras said. Only $598,000 in USAmeriBank or about one-tenth of 1 percent of the totalo $528.3 million in loans, were past due as of Marchj 31, according to a report filed withthe . Chillura, a former Tampa market presidentfor (NYSE: ), said the bankerse he’s hired have brought theird customers, a move that was possible becauswe bigger banks are distracted by bad loans and shrinking capitalp and aren’t focused on customer service.
That’s allowefd USAmeriBank to grow more quicklythan expected, Chillurza said, and post a significant turnaround, goinh from a $185,000 loss in the first quarter of 2008 to $881,000p in profit in the just-ended CenterState saw first quarter 2009 profit swell to $1.2 up 68 percent in one year, after two said John Corbett, president and CEO. The Winter Haven-basec lead banking subsidiary of CSFL) added a correspondent banking unit last fall when it hired the bankers who handled that business for theformeer .
The unit sells bonds to roughly 200 othe rcommunity banks, and it is thriving becauss community banks aren’t doing as much lendint as they were a year ago and are investing theif cash in bonds. CenterState also bought the failecdand $178 million in deposits on Jan. 30. “We’ves been putting that money to work in loansand investments, and that’s helpeed us grow,” Corbett said. Aggressivre planning that began around the end of the first quartef of 2008 kept Florida Bank on thegrowth track, said Katise Pemble, president and CEO. Florida Bank’s $351,000p in net income for the firsf quarter of 2009 was a 73 percent increaser from ayear earlier.
Sinc e December, the Tampa-based bank has merged with threde sister institutions in Jacksonvilleand Tallahassee, consolidating back-office operationz and cutting expenses. Each of the banks was above the levek regulatorsconsidered well-capitalized, and their capital positio n was further strengthened when they combined. Additionally, executive officerzs and the board developed a seriesof 90-day plane focused on strengthening the balance sheety with an emphasis on capitalk and on liquidity, or the ability to turn its assetxs into cash quickly.
A strong balance sheet allowed Floridsa Bank to look for the least expensivd way toattract funding, a move that boosts net interest or the spread between the interesty it pays on deposits and the interesyt it earns from Although there are glimmers of CenterState’s Corbett expects more loan writedowns across the industrty in the next two to three quarters. The numbed of institutions on the watch list increasede in the first threee monthsof 2009, and as of March 31, 30 percenf of Florida’s banks were on the compared to 15 percent of the institutiond a year ago.
Access to the capital marke t marketsis critical, Corbetyt said, adding the stresas tests the nation’s biggest banks just underwentf have inspired investor confidencr in those institutions. Since results were released May 7, the banksd collectively have raisednearlhy $60 billion of the $75 billion in extra capital regulators said they “As investments come back into the big I think over time you’ll see that trickle down to the mid cap and communityy banks,” Corbett said.

Wednesday, 18 April 2012

GM Tonawanda hosting recycling event - Business First of Columbus:

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The one-day event June 6 from 9 a.m. to 1 p.m. at Plantt 5 on Vulcan Street, is co-sponsored by Erie Buffalo and the Northwest Solif WasteManagement Board. Last year’s event received 56,3255 pounds of electronic equipment, 247 bicycles and a truck full of Electronics equipment is a source ofrecycled steel, plastic, copper and glass. Items beingf accepted this year include: TVs, monitors, keyboards, printers, fluorescent bulbs, cell phones, rechargeables batteries, VCRs, and DVD clothing, textiles, and bicycles. Clothing and textiles will be reused at Goodwilll retail locationsor recycled.
Bicycles will be used for bike safety education or recycled by Blue Bicycleand Recycle-a-Bicycle New for this year, Buffalo ReUswe will accept used or new hand, shop and garden such as rakes, brooms, ladders, wheelbarrows, hammers and “This is a natural extension of what we do at Plant Manager Steve Finch said in a “Our plant has been landfill-free in manufacturingh since 2006. We recycle or reusw all of our waste, so this event to help the community recycle is a natural fit for us atGenerakl Motors,” he said.