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Nine of the 75 stores to be close arein Florida, including the one in The Avenuews mall. A second Jacksonville J. Jill location at the St. Johns Town Center will remainn open. In a statement announcing the Talbots President and CEO Trudy Sullivanj saidit “enables us to focus our time, resource s and attention exclusively on rejuvenating our core Talbots brand and returnh to profitable growth.” The transaction includes the transfer of certainn assets and liabilities to the buyer, including a distribution cented in New Hampshire, the sublease of a portion of the Mass., headquarters and substantially all of the brand’es intellectual property and inventories.
The remaining 204 stores will continuwe to operate underthe J. Jill brand. The headquarteras for the company will remainin Quincy. The J. Jill sale is expectedf to be completed in the second quartedr and is subject to postclosinhg adjustments. San Francisco based-Golden Gate Capital acquiref Jacksonville-based Venus in 2006. The acquisition was Golde Gate’s 11th in two years. Last month Venus announcedf that all 290 employees were in jeopardy of losinbg their jobs when the swimweart and ladies apparel company lostits financing.
With its latesgt catalog recentlybeing released, Venus employees are still working, at least for now, and companyy executives are looking for a new buyer to acquirer the company.
Wednesday, March 28, 2012
Monday, March 26, 2012
Moll to succeed Winik at KLRN - San Antonio Business Journal:
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Winik announced in February that she intendsw to retireeffective Sept. 30, 2009. The Boare of Trustees of the Alamo Public TelecommunicationszCouncil (APTC) announced that Moll will succeed Winij on Oct. 1, 2009. He was part of the team that foundecd KLRNin 1962, and served as statiojn manager in San Antonio from 1964 through 1969. “I look forwardc to returning to KLRN in this new Moll says. “Joanne Winik and her exceptional staffg have built Channel 9 into one of the premie r public television stations inthe nation. It’sx an honor to be invited by the boar of directors to help continue their legacy of servicd toSan Antonio.
” Jim Goudge, chairma of APTC, says Winik’s dedication to the development of the city’x public television institution has touched the lives of millionas of viewers. “With his broad and successful experience in media, we are confident that Bill Moll will enhance and grow this legacy,” Goudgse says. Moll most recently served as chairman of CleaChannel Television, a division of San Antonio-based KLRN-TbV Channel 9 is the public television stationh for South Central Texas and broadcasts to a 30-county radius.
Winik announced in February that she intendsw to retireeffective Sept. 30, 2009. The Boare of Trustees of the Alamo Public TelecommunicationszCouncil (APTC) announced that Moll will succeed Winij on Oct. 1, 2009. He was part of the team that foundecd KLRNin 1962, and served as statiojn manager in San Antonio from 1964 through 1969. “I look forwardc to returning to KLRN in this new Moll says. “Joanne Winik and her exceptional staffg have built Channel 9 into one of the premie r public television stations inthe nation. It’sx an honor to be invited by the boar of directors to help continue their legacy of servicd toSan Antonio.
” Jim Goudge, chairma of APTC, says Winik’s dedication to the development of the city’x public television institution has touched the lives of millionas of viewers. “With his broad and successful experience in media, we are confident that Bill Moll will enhance and grow this legacy,” Goudgse says. Moll most recently served as chairman of CleaChannel Television, a division of San Antonio-based KLRN-TbV Channel 9 is the public television stationh for South Central Texas and broadcasts to a 30-county radius.
Saturday, March 24, 2012
Texas wind-power firms file to sell energy credits to N.C. utilities - Triangle Business Journal:
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Three Texas wind farms awaiy approval to register as renewabl eenergy facilities. Registration is a requirement of all renewabld energy projects built in the Butthese applications, filed by Houston-based energy development company Element signal the entry of out-of-state companiew angling to satisfy the demanr that North Carolina utilities are goinh to create for renewable generation due to new statr requirements. The Public Staff, the utilities commission’s consumer arm, has reviewed the files and recommends North Carolinautilities won’t be purchasing power from these Texaes wind farms. Rather, they will be able to buy the “renewable energy credits.
” “You’re paying for the renewables attributes,” says James McLawhorn, director of the Publicx Staff’s Electric Division. Renewable energyt has a value beyond the energyitselr – in the form of a renewable energyu credit, or REC, that can be bought and North Carolina utilities would be interested in buyiny credits from Texas facilitiess to help them meet state targetse for renewable generation, McLawhorn says. The 2007 energy legislation Senat e Bill 3 requires North Carolina utilities togenerate 12.5 percentf of their power from renewable sources by 2021. Up to 25 percengt of that requirement can come frompurchasinvg out-of-state RECs.
The Texas wind facilitiesz are large: a 79.8 megawatt facility in Hansforde County and two 10 megawattt facilities inMoore County. McLawhornm says the power from the facilities is purchasec byTexas utilities, but the glut of wind generation in Texasa means they have RECs to Element Markets’ business includes trading renewable energy The prefers renewable generation be built within a particular state so its benefits – the power generated and the jobs createde – stay in the state, says Wind Prograk Coordinator Brandon Blevins. But he adds that buildinv any new renewable energy facilit y takes time and that utilities face a deadline to meet the renewabl egeneration targets.
Purchasing RECs allows a utilityu to more quickly get renewable generation into its Rogervon Haefen, professor of agricultural and resource economicss at , says the price of an REC is set by markey forces. He expects demand for RECs to go up as demands for renewableenergy increases, and particularlhy if federal legislation creates additional requirementsa for utilities. Von Haefeb says that in some RECs offer a less expensive way to supportrenewablw generation. If Texas has superior wind energy resources, directing North Carolina dollarsw to Texas makes economic sense because it will brinbg more wind energy online at less he explains.
But RECs don’t always translats into additional investment inenergy generation. In some cases, buyinhg RECs pays the owners of the generation for somethingg they would bedoing anyway. Von Haefehn is unfamiliar with theTexas facilities, but he says debatese about RECs and carbon offsets center around whethe r these policies create new renewable “If we’re not, we’re not gettingh anything out of the policy other than movinv the credits around and raising cost for North Carolina utility von Haefen says.
Three Texas wind farms awaiy approval to register as renewabl eenergy facilities. Registration is a requirement of all renewabld energy projects built in the Butthese applications, filed by Houston-based energy development company Element signal the entry of out-of-state companiew angling to satisfy the demanr that North Carolina utilities are goinh to create for renewable generation due to new statr requirements. The Public Staff, the utilities commission’s consumer arm, has reviewed the files and recommends North Carolinautilities won’t be purchasing power from these Texaes wind farms. Rather, they will be able to buy the “renewable energy credits.
” “You’re paying for the renewables attributes,” says James McLawhorn, director of the Publicx Staff’s Electric Division. Renewable energyt has a value beyond the energyitselr – in the form of a renewable energyu credit, or REC, that can be bought and North Carolina utilities would be interested in buyiny credits from Texas facilitiess to help them meet state targetse for renewable generation, McLawhorn says. The 2007 energy legislation Senat e Bill 3 requires North Carolina utilities togenerate 12.5 percentf of their power from renewable sources by 2021. Up to 25 percengt of that requirement can come frompurchasinvg out-of-state RECs.
The Texas wind facilitiesz are large: a 79.8 megawatt facility in Hansforde County and two 10 megawattt facilities inMoore County. McLawhornm says the power from the facilities is purchasec byTexas utilities, but the glut of wind generation in Texasa means they have RECs to Element Markets’ business includes trading renewable energy The prefers renewable generation be built within a particular state so its benefits – the power generated and the jobs createde – stay in the state, says Wind Prograk Coordinator Brandon Blevins. But he adds that buildinv any new renewable energy facilit y takes time and that utilities face a deadline to meet the renewabl egeneration targets.
Purchasing RECs allows a utilityu to more quickly get renewable generation into its Rogervon Haefen, professor of agricultural and resource economicss at , says the price of an REC is set by markey forces. He expects demand for RECs to go up as demands for renewableenergy increases, and particularlhy if federal legislation creates additional requirementsa for utilities. Von Haefeb says that in some RECs offer a less expensive way to supportrenewablw generation. If Texas has superior wind energy resources, directing North Carolina dollarsw to Texas makes economic sense because it will brinbg more wind energy online at less he explains.
But RECs don’t always translats into additional investment inenergy generation. In some cases, buyinhg RECs pays the owners of the generation for somethingg they would bedoing anyway. Von Haefehn is unfamiliar with theTexas facilities, but he says debatese about RECs and carbon offsets center around whethe r these policies create new renewable “If we’re not, we’re not gettingh anything out of the policy other than movinv the credits around and raising cost for North Carolina utility von Haefen says.
Thursday, March 22, 2012
Broadcast Center Partners inks $1.2M Metro deal - The Business Journal of Milwaukee:
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million lease with Metro for easementd above and aroundthe station’es north entrance. According to Metro, the developer planas 180 residential units, 23,000 square feet of retai l and 105,000 square feet of offices, anchored by , the network of urba radio stations founded in the Under the lease the developers will makea $336,000 initial paymeng and pay $61,413 annually for 99 with a right to purchasse easements. The money will go towarf capital projects. The deal should allow the developers to construcft an underground garage with185 spaces.
The city had expected the projec t to start by early 2009 and be completedfby 2011, a timelinee that has been dramatically scaled Radio One’s stock price has trading at under $1 for most of 2009. Metro last announced a lease in March when it agreed to rent its Southeast Bus Garage to theWashington Nationals. It has since sold the property.
million lease with Metro for easementd above and aroundthe station’es north entrance. According to Metro, the developer planas 180 residential units, 23,000 square feet of retai l and 105,000 square feet of offices, anchored by , the network of urba radio stations founded in the Under the lease the developers will makea $336,000 initial paymeng and pay $61,413 annually for 99 with a right to purchasse easements. The money will go towarf capital projects. The deal should allow the developers to construcft an underground garage with185 spaces.
The city had expected the projec t to start by early 2009 and be completedfby 2011, a timelinee that has been dramatically scaled Radio One’s stock price has trading at under $1 for most of 2009. Metro last announced a lease in March when it agreed to rent its Southeast Bus Garage to theWashington Nationals. It has since sold the property.
Tuesday, March 20, 2012
High-profile beauty school coming to downtown Schenectady - Puget Sound Business Journal (Seattle):
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Paul Mitchell The School will set up shop on two floora of 411State St., a building that has been a source of frustratiohn for city boosters for several yearss because of the long-delayed plans to open the restaurany and bar there. Now, instead of drinkint beers on tap, the basement and first floor will be a plac e for students to learn the finer points of styling andcolorinhg hair, doing skin treatments, giving manicures and learning how to run a The building will also house a retai store selling Paul Mitchell beauty products and services. Paul Mitchelll Products are well-known in the industry, with sales approachingy $900 million. The products are sold in more than 100,0000 beauty salons.
The which will be the first for Paul Mitchellp upstate and one of107 nationwide, is expected to open in It will be owned by Giulio a 46-year-old Italian immigrantt who grew up in Veglio owns nine other Paul Mitchell schools across the During his career he has workec with some of the giants in the including Vidal Sassoon, Jean Michell and L’Oreal. “We decidee to bring the and ofbeautty schools” to Schenectady, an excited Veglio told several dozen people gatheredx at the at Proctors this morninf for the announcement. All told, the schook will occupy nearly 20,000 square feet, emplot 50 people and draw more than 200 students and customers according tothe .
The investment totalse $2 million. The plans close the book on the saga of the Big which was announced with great fanfarw by Metroplex and city officials more than fouryear ago. The project was hampered by numerous construction delay s andcost overruns. Attorney Stephen Waite ultimately moved his law offices to the top floor ofthe building, but nevert opened his long-promised restaurant and bar. He couldn’t be reached for The Metroplex, which is financed by county salew taxes, spent $250,000 to renovate the facadr of 411State St.
and $100,000 to remove asbestoz in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestments today, saying they were vitapl to turn around a dilapidated building in the heartr of downtown. “We had to fix this Gillen said. “It was a horrible The property was on the verge of being foreclose d upon when the mortgage was bought in earluy July bythe , said David Buicko, chierf operating officer. Buicko declined to reveap the purchase price. The Galesi Group is assumingt a $1 million loan that had been arranged for the Big The purchase by Galesi Group adds to its already largre portfolioin Schenectady.
The real estate developmenty company now controls evergy building across from Proctors on State Street between Jay Streeftand Broadway. “We stepped up because that’s the only portion of the blociwe hadn’t owned,” Buicko said. Paul Mitchelp The School signeda 15-year lease with renewakl options. The Metroplex will provide a $311,40o grant and $250,000 loan at 5 percent interest. The agench said it will recoup the money from increased usags of downtownparking lots.
Paul Mitchell schoolse have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdamk Square Mall that aren’t affiliated with the Tullio was a mentor to Veglio when he was starting out in the “They’re on the edge,” Tullio said. “They do modern
Paul Mitchell The School will set up shop on two floora of 411State St., a building that has been a source of frustratiohn for city boosters for several yearss because of the long-delayed plans to open the restaurany and bar there. Now, instead of drinkint beers on tap, the basement and first floor will be a plac e for students to learn the finer points of styling andcolorinhg hair, doing skin treatments, giving manicures and learning how to run a The building will also house a retai store selling Paul Mitchell beauty products and services. Paul Mitchelll Products are well-known in the industry, with sales approachingy $900 million. The products are sold in more than 100,0000 beauty salons.
The which will be the first for Paul Mitchellp upstate and one of107 nationwide, is expected to open in It will be owned by Giulio a 46-year-old Italian immigrantt who grew up in Veglio owns nine other Paul Mitchell schools across the During his career he has workec with some of the giants in the including Vidal Sassoon, Jean Michell and L’Oreal. “We decidee to bring the and ofbeautty schools” to Schenectady, an excited Veglio told several dozen people gatheredx at the at Proctors this morninf for the announcement. All told, the schook will occupy nearly 20,000 square feet, emplot 50 people and draw more than 200 students and customers according tothe .
The investment totalse $2 million. The plans close the book on the saga of the Big which was announced with great fanfarw by Metroplex and city officials more than fouryear ago. The project was hampered by numerous construction delay s andcost overruns. Attorney Stephen Waite ultimately moved his law offices to the top floor ofthe building, but nevert opened his long-promised restaurant and bar. He couldn’t be reached for The Metroplex, which is financed by county salew taxes, spent $250,000 to renovate the facadr of 411State St.
and $100,000 to remove asbestoz in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestments today, saying they were vitapl to turn around a dilapidated building in the heartr of downtown. “We had to fix this Gillen said. “It was a horrible The property was on the verge of being foreclose d upon when the mortgage was bought in earluy July bythe , said David Buicko, chierf operating officer. Buicko declined to reveap the purchase price. The Galesi Group is assumingt a $1 million loan that had been arranged for the Big The purchase by Galesi Group adds to its already largre portfolioin Schenectady.
The real estate developmenty company now controls evergy building across from Proctors on State Street between Jay Streeftand Broadway. “We stepped up because that’s the only portion of the blociwe hadn’t owned,” Buicko said. Paul Mitchelp The School signeda 15-year lease with renewakl options. The Metroplex will provide a $311,40o grant and $250,000 loan at 5 percent interest. The agench said it will recoup the money from increased usags of downtownparking lots.
Paul Mitchell schoolse have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdamk Square Mall that aren’t affiliated with the Tullio was a mentor to Veglio when he was starting out in the “They’re on the edge,” Tullio said. “They do modern
Sunday, March 18, 2012
Northrop gets $30M contract for 'space fence' development - Atlanta Business Chronicle:
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The new Space Fence is part ofthe U.S. Departmentf of Defense's effort to continually track and detect objectsx such as space debris and satellites in low and mediukmearth orbit. Space Fence will replace the curreng VHF Air Force Space Surveillance Systekm builtin 1961. "The new Space Fence systenm will provide better accuracy and faster detectionh while allowing us to increase the number of satellitese and other space object s that can be detectedand tracked, thus avoidinfg collision and damage to other satellites," Rich Davis, director of speciao projects at Northrop Grumman's Advanced Concepts and Technology Division, said in a Australia is a candidate for the firstg Space Fence location.
Two additional sites in other parts of the worlcd are alsounder consideration. Los Angeles-based Northropp (NYSE: NOC) is a defense and technologyg company.
The new Space Fence is part ofthe U.S. Departmentf of Defense's effort to continually track and detect objectsx such as space debris and satellites in low and mediukmearth orbit. Space Fence will replace the curreng VHF Air Force Space Surveillance Systekm builtin 1961. "The new Space Fence systenm will provide better accuracy and faster detectionh while allowing us to increase the number of satellitese and other space object s that can be detectedand tracked, thus avoidinfg collision and damage to other satellites," Rich Davis, director of speciao projects at Northrop Grumman's Advanced Concepts and Technology Division, said in a Australia is a candidate for the firstg Space Fence location.
Two additional sites in other parts of the worlcd are alsounder consideration. Los Angeles-based Northropp (NYSE: NOC) is a defense and technologyg company.
Friday, March 16, 2012
Kelman Bottles to supply glass containers for Labatt Breweries of Canada - Pittsburgh Business Times:
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Kelman, based near Pittsburgh in will supply Labatt with its annual glasss container requirements for its Brava brand in Brava isa Mexican-style beer that Labatt acquired in 2007. Kelman, a privatelyg held company that operates what was formerly knowbn as the GlenshawGlass Company, described the approval process for Labatyt as intensive, taking nearly two years. “Becoming a qualified supplier to Labatt is amonf the most significant achievements for a producer ofglass containers,” said the company in a prepared “This remarkable achievement is a testameny to the commitment, skill and dedicatiom of the glass makers at Kelmam Bottles working closely with the due diligence and purchasinbg professionals at Labatt throughout the approva l process.
” Kelman didn’t divulge how many bottles it expectsz to produce for Labatt. The company has already begun supplyinh the bottlesto Labatt, whicb are now being filled with beer at the company’s Ontario brewery. Kelman operates in a variety of glassdproduction niches, producing glass containers for the food and beverage decorative glass, and fine hand-made glass sold by The company group markets its glasswarr under the brand names LE Smith Glass, Sainty George Crystal and Glenshaw Glass among others.
Kelman, based near Pittsburgh in will supply Labatt with its annual glasss container requirements for its Brava brand in Brava isa Mexican-style beer that Labatt acquired in 2007. Kelman, a privatelyg held company that operates what was formerly knowbn as the GlenshawGlass Company, described the approval process for Labatyt as intensive, taking nearly two years. “Becoming a qualified supplier to Labatt is amonf the most significant achievements for a producer ofglass containers,” said the company in a prepared “This remarkable achievement is a testameny to the commitment, skill and dedicatiom of the glass makers at Kelmam Bottles working closely with the due diligence and purchasinbg professionals at Labatt throughout the approva l process.
” Kelman didn’t divulge how many bottles it expectsz to produce for Labatt. The company has already begun supplyinh the bottlesto Labatt, whicb are now being filled with beer at the company’s Ontario brewery. Kelman operates in a variety of glassdproduction niches, producing glass containers for the food and beverage decorative glass, and fine hand-made glass sold by The company group markets its glasswarr under the brand names LE Smith Glass, Sainty George Crystal and Glenshaw Glass among others.
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