Marital strife preceded slayings in Chesterfield Richmond Times Dispatch Credit: AP This home on Stockleigh Drive in Chester was the site of a triple homicide on... A Fort Lee Army captain suspected of killing four people in Chesterfield County and Pennsylvania before taking his own life was in the final stages of a divorce ... |
Tuesday, August 30, 2011
Marital strife preceded slayings in Chesterfield - Richmond Times Dispatch
tiqosi.wordpress.com
Sunday, August 28, 2011
Chic bar takes place of Chinatown dive - Kansas City Business Journal:
qozadaunu.blogspot.com
SoHo will open at 80 S. Pauahi Street in a renovaterd 5,500 square-foot space that will include a bar and an area for live The PauahiStreet location, between Bethel Street and Fort Street Mall and near , was occupied by Mall Cafe untilk April. That bar had been citec by the Honolulu Liquof Commission in recent months for unsanitary conditions and foroverservingy alcohol. The commission also received a petition from community members opposing the renewao ofMall Cafe’s license because of allegede drug dealing and frequent fights. Mall Cafe’s formerr owner, Saiming Corp., had been tryingg to transfer its liquor license tothe landlord, Uniohn Mill Investment.
SoHo owner Daniel Gray, formerd general manager of the Loft Gallery and Lounge onHoteo Street, said he was approached by Unionj Mill Investment to open a new venue in the Gray plans to open part of the lounge 3,000 square feet for this month’s First Friday event downtown, and open the remainintg space in August. Gray describes the new venue as a mixof performances, fashion and photograph in a trendy and upscal setting. The SoHo name stems from the New York City neighborhooe and a blend of and “Honolulu”.
SoHo will open at 80 S. Pauahi Street in a renovaterd 5,500 square-foot space that will include a bar and an area for live The PauahiStreet location, between Bethel Street and Fort Street Mall and near , was occupied by Mall Cafe untilk April. That bar had been citec by the Honolulu Liquof Commission in recent months for unsanitary conditions and foroverservingy alcohol. The commission also received a petition from community members opposing the renewao ofMall Cafe’s license because of allegede drug dealing and frequent fights. Mall Cafe’s formerr owner, Saiming Corp., had been tryingg to transfer its liquor license tothe landlord, Uniohn Mill Investment.
SoHo owner Daniel Gray, formerd general manager of the Loft Gallery and Lounge onHoteo Street, said he was approached by Unionj Mill Investment to open a new venue in the Gray plans to open part of the lounge 3,000 square feet for this month’s First Friday event downtown, and open the remainintg space in August. Gray describes the new venue as a mixof performances, fashion and photograph in a trendy and upscal setting. The SoHo name stems from the New York City neighborhooe and a blend of and “Honolulu”.
Thursday, August 25, 2011
Trump Waikiki buyers sue developer - Phoenix Business Journal:
hibleyytogoja1273.blogspot.com
The lawsuit, filed in 1st Circui Court in Honolulu, alleges that Los Angeles developer claimedr in a 2006 press released that the New York real estatw mogul wasa “co-developer,” but that the fine prinf noted that Trump had merely licensedd his name in a deal that could be terminateed or revoked at any time. “These people were investinfg in aRolls Royce. They were told it could magicall y turn intoa Ford,” said attorneyg Warren Price, who filedr the lawsuit on behalf of the buyers, who include six Hawaiji couples, two doctors from San Diego, the head of a Californisa meat exporting business and a professional basketball player from New Orleans.
Price plan to amend the complaint within the next two weeks to includre buyersfrom Japan, he said. A spokesman for Irongatre issued a written statement saying the developer would pursue its own claims againsthe buyers. All 464 units of the 38-storyh hotel-condominium tower at the Diamond Head end of Fort DeRussy sold in one day inNovember 2006. Aboutg half of the buyers are from Japan; the balance are from the Mainland andother countries. The buyeres of the 11 unite had placed deposits of 20 percent on everythinb from studios pricedat $500,000 to three-bedroom suitesa priced at several millio dollars.
The project is nearing The sales contract did say that the Trump name was but it did not outline the detailws of thelicensing arrangement, Price said. However, it did say that if the licensew was terminatedor revoked, that all referencese to Trump would be removed from the building. “Ourf position is not that theycommittedc fraud,” Price said. “There are a host of very materialo facts, material because the name changes from the Trump Internationapl tothe ‘Brand X’ The lawsuit comes just as a big deadline looms for On Wednesday, buyers have to pay the balancwe of the purchase price in full in preparationm for a Sept. 1 closing.
“The final payment is due on Wednesday, and theser people are not going to make any more said Price, a former Hawaii attorney “They’ve already put 20 percent The buyers filed on Monda y because they are at risk of losing theird down payments, and also face a greater risk of being sued by Irongate for the full purchase In March, dozens of buyers at a plannes Trump condo resort in Baja Californias filed a lawsuit with similar allegations regardinf the use of Trump’s name, the Los Angelews Times reported. Trump sued Irongate a mont h later charging the developer with failing to buil d the project after he had licensed his according tothe newspaper.
That litigation began to worry theHawaii buyers, Price “People began to wonder what happens if therse is a disintegration of the relationship betweejn Irongate and Trump, and what could happejn with the license,” Price
The lawsuit, filed in 1st Circui Court in Honolulu, alleges that Los Angeles developer claimedr in a 2006 press released that the New York real estatw mogul wasa “co-developer,” but that the fine prinf noted that Trump had merely licensedd his name in a deal that could be terminateed or revoked at any time. “These people were investinfg in aRolls Royce. They were told it could magicall y turn intoa Ford,” said attorneyg Warren Price, who filedr the lawsuit on behalf of the buyers, who include six Hawaiji couples, two doctors from San Diego, the head of a Californisa meat exporting business and a professional basketball player from New Orleans.
Price plan to amend the complaint within the next two weeks to includre buyersfrom Japan, he said. A spokesman for Irongatre issued a written statement saying the developer would pursue its own claims againsthe buyers. All 464 units of the 38-storyh hotel-condominium tower at the Diamond Head end of Fort DeRussy sold in one day inNovember 2006. Aboutg half of the buyers are from Japan; the balance are from the Mainland andother countries. The buyeres of the 11 unite had placed deposits of 20 percent on everythinb from studios pricedat $500,000 to three-bedroom suitesa priced at several millio dollars.
The project is nearing The sales contract did say that the Trump name was but it did not outline the detailws of thelicensing arrangement, Price said. However, it did say that if the licensew was terminatedor revoked, that all referencese to Trump would be removed from the building. “Ourf position is not that theycommittedc fraud,” Price said. “There are a host of very materialo facts, material because the name changes from the Trump Internationapl tothe ‘Brand X’ The lawsuit comes just as a big deadline looms for On Wednesday, buyers have to pay the balancwe of the purchase price in full in preparationm for a Sept. 1 closing.
“The final payment is due on Wednesday, and theser people are not going to make any more said Price, a former Hawaii attorney “They’ve already put 20 percent The buyers filed on Monda y because they are at risk of losing theird down payments, and also face a greater risk of being sued by Irongate for the full purchase In March, dozens of buyers at a plannes Trump condo resort in Baja Californias filed a lawsuit with similar allegations regardinf the use of Trump’s name, the Los Angelews Times reported. Trump sued Irongate a mont h later charging the developer with failing to buil d the project after he had licensed his according tothe newspaper.
That litigation began to worry theHawaii buyers, Price “People began to wonder what happens if therse is a disintegration of the relationship betweejn Irongate and Trump, and what could happejn with the license,” Price
Tuesday, August 23, 2011
PNC nears decision on ad agency; Pittsburgh firms reportedly out - Pittsburgh Business Times:
http://dnbproduction.com/?p=5
Finalists will arrive Downtown next week to present theire creative workto Pittsburgh’s largest bank, confirmed Jane principal of the Bedford the Atlanta-based consulting firm supervising the search. “There’ll be no decisioh until mid-June,” she said. However, no Pittsburgjh agencies moved beyond the early rounds of competition to rank amonbg the finalists forthe account, Bedford said. She also ruled out Minneapolis-based Campbell-Mithun, which had serveds since 2007 but did not makethe cut. PNC’zs longtime agency, Southfield, Mich.-based chose not to participate.
PNC spokesman Fred Solomonb confirmed that candidates will come to town for a finall presentation inearly June, but wouldf not say who they “We’re not going to release the names of the competitorsz at this time,” Solomon said. “Whenj we have a decision, we’ll consider an The agency trade publication Ad Week earlier this montj reported that finalists wereMcCann Deutsch, TBWAChiatDay and Leo All are huge names in consumer Two have had local clients: Deutsch has workefd with General Nutrition Cos. Inc. and Leo Burnett with The searcyh began inlate February, prompted by PNC’s $5.6 billiob acquisition of National City on Dec. 31.
The deal positionedc PNC as the nation’s fifth-largest bank in terms of and its geographic territory covers13 states, including cities like Cleveland and where PNC is a new name, and placews like Pittsburgh and Cincinnati, where it had considerable overlap with Nationaol City. PNC sent requests for proposals to severak agencies across the country to kick off the including , Downtown, and Smith Brothers Agency, Nortgh Side.
Finalists will arrive Downtown next week to present theire creative workto Pittsburgh’s largest bank, confirmed Jane principal of the Bedford the Atlanta-based consulting firm supervising the search. “There’ll be no decisioh until mid-June,” she said. However, no Pittsburgjh agencies moved beyond the early rounds of competition to rank amonbg the finalists forthe account, Bedford said. She also ruled out Minneapolis-based Campbell-Mithun, which had serveds since 2007 but did not makethe cut. PNC’zs longtime agency, Southfield, Mich.-based chose not to participate.
PNC spokesman Fred Solomonb confirmed that candidates will come to town for a finall presentation inearly June, but wouldf not say who they “We’re not going to release the names of the competitorsz at this time,” Solomon said. “Whenj we have a decision, we’ll consider an The agency trade publication Ad Week earlier this montj reported that finalists wereMcCann Deutsch, TBWAChiatDay and Leo All are huge names in consumer Two have had local clients: Deutsch has workefd with General Nutrition Cos. Inc. and Leo Burnett with The searcyh began inlate February, prompted by PNC’s $5.6 billiob acquisition of National City on Dec. 31.
The deal positionedc PNC as the nation’s fifth-largest bank in terms of and its geographic territory covers13 states, including cities like Cleveland and where PNC is a new name, and placews like Pittsburgh and Cincinnati, where it had considerable overlap with Nationaol City. PNC sent requests for proposals to severak agencies across the country to kick off the including , Downtown, and Smith Brothers Agency, Nortgh Side.
Sunday, August 21, 2011
FDIC: Banks rebound to $7.6B Q1 profit - Memphis Business Journal:
afyfojahejus.blogspot.com
billion profit in the first quarterfof 2009, down $11.7 or 60.8 percent, from the $19.3 billiojn that the industry earned in the first quarterd of 2008. However, the first-quarter performance marks an improvement overthe . Highef loan-loss provisions, increased goodwill write-downs, and reducec income from securitization activities all contributed tothe year-over-yeat earnings decline in the firsgt quarter of 2009. Three out of five insured institutionds reported lower net income in the firsy quarter and one in fivewas unprofitable.
"The firsf quarter results are telling us that the banking industryh still facestremendous challenges, and that going asset quality remains a major said FDIC Chairman Sheila C. Bair in an "Banks are making good efforts to deal with thechallengezs they're facing, but today's report says that we're not out of the woodes yet." To that point, 21 FDIC-insured institutions failed during the first quarter -- the largesgt number since the fourtgh quarter in 1992. And the FDIC'ss "Problem List" grew during the quarter from 252 to 305 and total assets of problem institutions increasedfrom $159 billion to $220 Insured institutions set aside $60.
9 billionn in provisions for loan losses in the first quartet -- up $23.7 or 63.6 percent, over the firsy quarter of 2008. Expenses for goodwill impairment and othef intangible asset expensestotaled $7.2 billion, compared with $2.8 billio n a year earlier. These negative factors outweighed the positive effects of increased noninterestincome (up $7.8 billion, or 12.8 higher net interest incomre (up $4.4 billion, or 4.7 percent), and higher realize d gains on securities and other assetd (up $1.9 billion). Insured institutions charged off $37.i billion in bad loans in the first almost twicethe $19.
6 billion of a year "Troubled loans continue to accumulate, and the costs associatecd with impaired assets are weighing heavily on the industry's performance," Bair "Nevertheless, compared to a year ago, we see some Net interest income is and noninterest revenue is up at larger particularly trading revenues." Tier 1 capita l reached a record high of almost $70 the largest quarterly increase ever reportecd by the industry. much of the increase occurred at institutionds that received capital fromthe 's Troublex Asset Relief Program (TARP). Total assetx declined by $302 billion due to downsizing by a few large banks.
Two-thirds of all institutionx reported asset growth inthe quarter, but reductionzs at eight large banks caused the industry totak to decline. Total loans and leases fell by $159. 6 billion (2.1 percent), while assets in tradingf accounts declinedby $144.5 billion (14.9 percent). The FDIC' Deposit Insurance Fund (DIF) reserve ratio fell to 0.27 percent. The DIF balancw declined from $17.3 billion at the end of 2008 (amendefd from the originally reported unaudited balanceof $19 to $13 billion on March 31, 2009. the FDIC Board of Directors approved an amended restoration plan in Februargy that is designed to restor e the DIF reserve ratioto 1.15 percent within seve years.
The FDIC has already set asided $28 billion in reserve to covee projected losses for the next12 months. In the FDIC will collect morethan $8 billion in premiums duringb the second quarter, including $5.6 billion from the specialp assessment the FDIC Board approved on May 22.
billion profit in the first quarterfof 2009, down $11.7 or 60.8 percent, from the $19.3 billiojn that the industry earned in the first quarterd of 2008. However, the first-quarter performance marks an improvement overthe . Highef loan-loss provisions, increased goodwill write-downs, and reducec income from securitization activities all contributed tothe year-over-yeat earnings decline in the firsgt quarter of 2009. Three out of five insured institutionds reported lower net income in the firsy quarter and one in fivewas unprofitable.
"The firsf quarter results are telling us that the banking industryh still facestremendous challenges, and that going asset quality remains a major said FDIC Chairman Sheila C. Bair in an "Banks are making good efforts to deal with thechallengezs they're facing, but today's report says that we're not out of the woodes yet." To that point, 21 FDIC-insured institutions failed during the first quarter -- the largesgt number since the fourtgh quarter in 1992. And the FDIC'ss "Problem List" grew during the quarter from 252 to 305 and total assets of problem institutions increasedfrom $159 billion to $220 Insured institutions set aside $60.
9 billionn in provisions for loan losses in the first quartet -- up $23.7 or 63.6 percent, over the firsy quarter of 2008. Expenses for goodwill impairment and othef intangible asset expensestotaled $7.2 billion, compared with $2.8 billio n a year earlier. These negative factors outweighed the positive effects of increased noninterestincome (up $7.8 billion, or 12.8 higher net interest incomre (up $4.4 billion, or 4.7 percent), and higher realize d gains on securities and other assetd (up $1.9 billion). Insured institutions charged off $37.i billion in bad loans in the first almost twicethe $19.
6 billion of a year "Troubled loans continue to accumulate, and the costs associatecd with impaired assets are weighing heavily on the industry's performance," Bair "Nevertheless, compared to a year ago, we see some Net interest income is and noninterest revenue is up at larger particularly trading revenues." Tier 1 capita l reached a record high of almost $70 the largest quarterly increase ever reportecd by the industry. much of the increase occurred at institutionds that received capital fromthe 's Troublex Asset Relief Program (TARP). Total assetx declined by $302 billion due to downsizing by a few large banks.
Two-thirds of all institutionx reported asset growth inthe quarter, but reductionzs at eight large banks caused the industry totak to decline. Total loans and leases fell by $159. 6 billion (2.1 percent), while assets in tradingf accounts declinedby $144.5 billion (14.9 percent). The FDIC' Deposit Insurance Fund (DIF) reserve ratio fell to 0.27 percent. The DIF balancw declined from $17.3 billion at the end of 2008 (amendefd from the originally reported unaudited balanceof $19 to $13 billion on March 31, 2009. the FDIC Board of Directors approved an amended restoration plan in Februargy that is designed to restor e the DIF reserve ratioto 1.15 percent within seve years.
The FDIC has already set asided $28 billion in reserve to covee projected losses for the next12 months. In the FDIC will collect morethan $8 billion in premiums duringb the second quarter, including $5.6 billion from the specialp assessment the FDIC Board approved on May 22.
Friday, August 19, 2011
Women Who Mean Business - Washington Business Journal:
ofycagvezi.blogspot.com
This year’s honorees are as diverse as they are They include arecently re-elected congressional a doggy daycare entrepreneur, the top lobbyist for and a greenb guru. Contained in these pages are storiews of breastcancer survival, singl moms who became entrepreneurss and immigrants who came to the Washington area to fulfilp their dreams. After years of feeling overwhelmec by numerousqualified nominees, we introduced a new category this year the Rising Stars. A Rising Star is a female business leader under the age of 40 who is just beginnin g to hit her stride and make a name for herselgf in the business communityat large.
The five this year were just as difficulgt to choose as themain 25. It is our hope that the Risint Stars will benefit from their inclusioj in this esteemed groupof women. Helping to sift througjh the hundreds of nomination forma were winners from past classes of Women Who Mean Kathy Albarado ofHeliosHR (Classa of 2007), Kristina Bouweiri of Reston Limo (Clasas of 2004), Marilyn Kawamura of of the Mid-Atlantix Region (Class of 2005) and Anne McCulloch of (Class of They provided crucial advice and And as always, thanks go to the folkds who helped put together this publicatiob and event: reporters Sarah Anderson, Lisa Melissa Castro, Darlene Darcy, Missg Frederick, Mara Lee, Jennifer Nycz-Conner, Jonathan O’Connellk and Bryant Ruiz Switzky, Creative Service s Manager Michael Stanaland and outgoing Events Coordinatore Lauren Perusse and her replacement, Michael LaRosa.
And finally, thanksd go to our sponsors, Arent Fox LLP, Deloittre LLP, , Mervis Diamonfd Importers andthe . We couls not do this without you. , , FedEx , SkyBitz , Citizant , , , Cardinal Bank, , , , , , , OPX ,
This year’s honorees are as diverse as they are They include arecently re-elected congressional a doggy daycare entrepreneur, the top lobbyist for and a greenb guru. Contained in these pages are storiews of breastcancer survival, singl moms who became entrepreneurss and immigrants who came to the Washington area to fulfilp their dreams. After years of feeling overwhelmec by numerousqualified nominees, we introduced a new category this year the Rising Stars. A Rising Star is a female business leader under the age of 40 who is just beginnin g to hit her stride and make a name for herselgf in the business communityat large.
The five this year were just as difficulgt to choose as themain 25. It is our hope that the Risint Stars will benefit from their inclusioj in this esteemed groupof women. Helping to sift througjh the hundreds of nomination forma were winners from past classes of Women Who Mean Kathy Albarado ofHeliosHR (Classa of 2007), Kristina Bouweiri of Reston Limo (Clasas of 2004), Marilyn Kawamura of of the Mid-Atlantix Region (Class of 2005) and Anne McCulloch of (Class of They provided crucial advice and And as always, thanks go to the folkds who helped put together this publicatiob and event: reporters Sarah Anderson, Lisa Melissa Castro, Darlene Darcy, Missg Frederick, Mara Lee, Jennifer Nycz-Conner, Jonathan O’Connellk and Bryant Ruiz Switzky, Creative Service s Manager Michael Stanaland and outgoing Events Coordinatore Lauren Perusse and her replacement, Michael LaRosa.
And finally, thanksd go to our sponsors, Arent Fox LLP, Deloittre LLP, , Mervis Diamonfd Importers andthe . We couls not do this without you. , , FedEx , SkyBitz , Citizant , , , Cardinal Bank, , , , , , , OPX ,
Tuesday, August 16, 2011
Lighting up the world: Suniva tackles solar power - Atlanta Business Chronicle:
kittredgeihuhyla1951.blogspot.com
“I personally believe that PV (photovoltaic) is a technologhy that can simultaneously solve two of the most importangt problems we havetoday — one is energg and the other is the Rohatgi says. “The only thing left is to make it and that is our Todo that, Rohatgi with the help and advice of a group of investors — in 2007 spun off from Georgi Tech, launching Suniva Inc. The Norcross-basecd company’s aim is to commercializer Rohatgi’s groundbreaking research. With backinvg from venture capitalfirm (NEA) and nine patentd under his belt, Rohatgij set out to bring sola r efficiency at a low cost to sola r panel manufacturers around the world.
For his trailblazingb efforts in the field ofsolar energy, Rohatgi and start-uop company Suniva are the recipients of Atlantza Business Chronicle’s 2009 Envention Award, given to a new productf developed by an Atlanta company orindividual that exhibits outstandingenvironmentalp or green benefits. New Enterprise Harry Weller says his firm is excitefdabout Suniva’s potential and its proprietary “When NEA started looking at solar companies to invesyt in, everyone pointed to Ajeet Rohatgi as ‘the we needed to speak to in photovoltaics,” says NEA general partner and a Suniva boarc member.
“His reputation as the sector’s top researcher becamre very clear and the qualityg of the innovations coming out of his labs atGeorgias Tech, the first DOE Center of Excellenc in Photovoltaics, was legendary in the field.” (Suniva has alreadu scored a coup, coming to termzs with developer to supply solar cells to the developer’ws Aerotropolis Atlanta, a planned 130-acre mixed-usde redevelopment of the former Hapevill e Ford plant south of Atlantas that will include 6.5 millioj square feet of aviation-intensive including office, retail, restaurant, hotel and airport Born in 1950, Rohatgi came to the U.S. in 1971 afteer graduating fromthe .
He went on to earn his master’zs degree in materials engineering from in 1973 and in 1977 received his in metallurgy and materials sciencefrom . After graduation, Rohatgij joined the in Pittsburgh, where he becamwe a Westinghouse Fellow while working on the sciencse and technology of photovoltaic and microelectronic In 1985 Rohatgi became a part of the faculty at Georgiza Tech starting a program in Manufacturing silicon photovoltaic cells for solaerpower generation, Suniva raised $50 million in venture capitak funding and built its firstr solar cell factory in Norcross last year.
In Octobet the company completed installation of its firstproductiojn line, the ARTisun solar cells, which it’s already shipping to solae panel manufacturers around the world. Suniva recently signed a more than $480 million multi-year supply contract with an Indian solar modules and specialty photovoltaicproducts manufacturer. The contract extends throughj 2013. “Our customers are all over the world we have customersin Asia, Europe and the says Suniva Chairman and CEO John “Our technology — which is industry-leading technology — we’re developing here in the U.S. and creating jobs and then exportiny that all overthe world.
” While most companies usingv similar materials to make solar cell s have achieved an efficiency range of 13 percent to 16 percent — meaning 13 percent to16 percent of the sunlighr that falls on them is converted into electricity — Rohatgi says Suniva’ss ARTisun solar cells have about 17 percent to 18 percent Rohatgi says a 20 percentg cell is also already in the “In our R&D we have alreadyy produced a 20 percent cell ... so we are tryinbg to now scale up and get it to he says. While efficient, Suniva’s cellw are also low-cost.
Focused on consolidatinfg the manufacturing processfor high-efficiency cells into half the number of Suniva also uses low-cost production methods, including screen-printing, whicbh reduce cell processing time. “In some of the patentss we have, we have ways of combininyg multiple manufacturing steps into asinglse step, and every time you can eliminat e a manufacturing step, then you save so those are a few of the ways we keep costxs down,” Baumstark says. As a result of its Suniva’s technology is helping level the playing field forsolar energy, which for decades has been thoughf of as too expensive for the mainstream market.
“Today in many markets, Suniv a is competitive with the utilithy companies and we are a few years away from beiny competitive ona 24/7 basis average in the Baumstark says.
“I personally believe that PV (photovoltaic) is a technologhy that can simultaneously solve two of the most importangt problems we havetoday — one is energg and the other is the Rohatgi says. “The only thing left is to make it and that is our Todo that, Rohatgi with the help and advice of a group of investors — in 2007 spun off from Georgi Tech, launching Suniva Inc. The Norcross-basecd company’s aim is to commercializer Rohatgi’s groundbreaking research. With backinvg from venture capitalfirm (NEA) and nine patentd under his belt, Rohatgij set out to bring sola r efficiency at a low cost to sola r panel manufacturers around the world.
For his trailblazingb efforts in the field ofsolar energy, Rohatgi and start-uop company Suniva are the recipients of Atlantza Business Chronicle’s 2009 Envention Award, given to a new productf developed by an Atlanta company orindividual that exhibits outstandingenvironmentalp or green benefits. New Enterprise Harry Weller says his firm is excitefdabout Suniva’s potential and its proprietary “When NEA started looking at solar companies to invesyt in, everyone pointed to Ajeet Rohatgi as ‘the we needed to speak to in photovoltaics,” says NEA general partner and a Suniva boarc member.
“His reputation as the sector’s top researcher becamre very clear and the qualityg of the innovations coming out of his labs atGeorgias Tech, the first DOE Center of Excellenc in Photovoltaics, was legendary in the field.” (Suniva has alreadu scored a coup, coming to termzs with developer to supply solar cells to the developer’ws Aerotropolis Atlanta, a planned 130-acre mixed-usde redevelopment of the former Hapevill e Ford plant south of Atlantas that will include 6.5 millioj square feet of aviation-intensive including office, retail, restaurant, hotel and airport Born in 1950, Rohatgi came to the U.S. in 1971 afteer graduating fromthe .
He went on to earn his master’zs degree in materials engineering from in 1973 and in 1977 received his in metallurgy and materials sciencefrom . After graduation, Rohatgij joined the in Pittsburgh, where he becamwe a Westinghouse Fellow while working on the sciencse and technology of photovoltaic and microelectronic In 1985 Rohatgi became a part of the faculty at Georgiza Tech starting a program in Manufacturing silicon photovoltaic cells for solaerpower generation, Suniva raised $50 million in venture capitak funding and built its firstr solar cell factory in Norcross last year.
In Octobet the company completed installation of its firstproductiojn line, the ARTisun solar cells, which it’s already shipping to solae panel manufacturers around the world. Suniva recently signed a more than $480 million multi-year supply contract with an Indian solar modules and specialty photovoltaicproducts manufacturer. The contract extends throughj 2013. “Our customers are all over the world we have customersin Asia, Europe and the says Suniva Chairman and CEO John “Our technology — which is industry-leading technology — we’re developing here in the U.S. and creating jobs and then exportiny that all overthe world.
” While most companies usingv similar materials to make solar cell s have achieved an efficiency range of 13 percent to 16 percent — meaning 13 percent to16 percent of the sunlighr that falls on them is converted into electricity — Rohatgi says Suniva’ss ARTisun solar cells have about 17 percent to 18 percent Rohatgi says a 20 percentg cell is also already in the “In our R&D we have alreadyy produced a 20 percent cell ... so we are tryinbg to now scale up and get it to he says. While efficient, Suniva’s cellw are also low-cost.
Focused on consolidatinfg the manufacturing processfor high-efficiency cells into half the number of Suniva also uses low-cost production methods, including screen-printing, whicbh reduce cell processing time. “In some of the patentss we have, we have ways of combininyg multiple manufacturing steps into asinglse step, and every time you can eliminat e a manufacturing step, then you save so those are a few of the ways we keep costxs down,” Baumstark says. As a result of its Suniva’s technology is helping level the playing field forsolar energy, which for decades has been thoughf of as too expensive for the mainstream market.
“Today in many markets, Suniv a is competitive with the utilithy companies and we are a few years away from beiny competitive ona 24/7 basis average in the Baumstark says.
Sunday, August 14, 2011
Seeing red and a whole lot more in tiny Seattle garden - The Seattle Times
oryzacody.wordpress.com
Seeing red and a whole lot more in tiny Seattle garden The Seattle Times His tendency to smother every single inch of his tiny University District garden in flora is pure plant collector and his color work is sheer artistry. By Valerie Easton Colorist Michael Dahlquist tends one of the many fragrant old roses in the ... |
Friday, August 12, 2011
Stocks give back early gains, close lower - Dayton Business Journal:
http://uuo-ununoctium.info/xxix/3.html
Some positive news in the banking sectofr helped drive bank stocks and initially pushed the overall markets upas However, those gains had faded by the end of the tradiny day, with all three major stock exchanges down for the day. Some bank stockes also turned lower, but many finished the day in positive territory. The late declined dampened hopes that stock s would end the Mondauy witha fifth-straight day of The closed down 7.01 at 7,216.97. The was down 2.66 to 753.89 and the was down 27.48 to • (NYSE: TDC) fell 87 or 5.1 percent, closing at $16.25. (NYSE: PG) rose 87 or 1.85 percent, closing at • (NYSE: AKS) fell 11 or 1.76 percent, closing at $6.15.
• GM) fell 20 or 7.35 percent, closing at $2.52. (Nasdaq: FITB) rose 8 or 4.57 percent, closing at $1.83. • (Nasdaq: rose 20 cents, or 12.82 percent, closing at $1.76. • fell 66 cents, or 2.78 closing at $23.09. • (NYSE: USB) rose 21 or 1.55 percent, closing at $13.78. • (NYSE: KEY) rose 19 or 2.47 percent, closing at • (NYSE: PNC) fell 83 or 2.95 percent, closing at
Some positive news in the banking sectofr helped drive bank stocks and initially pushed the overall markets upas However, those gains had faded by the end of the tradiny day, with all three major stock exchanges down for the day. Some bank stockes also turned lower, but many finished the day in positive territory. The late declined dampened hopes that stock s would end the Mondauy witha fifth-straight day of The closed down 7.01 at 7,216.97. The was down 2.66 to 753.89 and the was down 27.48 to • (NYSE: TDC) fell 87 or 5.1 percent, closing at $16.25. (NYSE: PG) rose 87 or 1.85 percent, closing at • (NYSE: AKS) fell 11 or 1.76 percent, closing at $6.15.
• GM) fell 20 or 7.35 percent, closing at $2.52. (Nasdaq: FITB) rose 8 or 4.57 percent, closing at $1.83. • (Nasdaq: rose 20 cents, or 12.82 percent, closing at $1.76. • fell 66 cents, or 2.78 closing at $23.09. • (NYSE: USB) rose 21 or 1.55 percent, closing at $13.78. • (NYSE: KEY) rose 19 or 2.47 percent, closing at • (NYSE: PNC) fell 83 or 2.95 percent, closing at
Wednesday, August 10, 2011
California Utility Puts First Ever Company Outsider At the Helm - Forbes (blog)
gerazawa.wordpress.com
KQED (blog) | California Utility Puts First Ever Company Outsider At the Helm Forbes (blog) Pacific Gas and Electric Corp. named a Michigan energy executive as its new president and CEO yesterday, putting the first company outsider at the helm of the California utility. Anthony Earley, the executive chairman of DTE Energy ... PG&E names outsider as new CEO Amid pipeline explosion f » |
Monday, August 8, 2011
Mekong Delta is too far from the central government - VietNamNet Bridge
http://adamswatersheds.org/annualfishingandoutdoorexpo.html
VietNamNet Bridge | Mekong Delta is too far from the central government VietNamNet Bridge To close the series of reportages about the Mekong Delta, VietNamNet talked with Le Phuoc Tho, who was a member of the 7th Politburo, Party Secretary of Soc Trang and Hau Giang Provinces, Head of the Central ! Agricultural Committee and the Central ... |
Friday, August 5, 2011
Boatmaker Genmar files Chapter 11 - Minneapolis / St. Paul Business Journal:
http://www.narvabiathlon.net/obtaining-an-accurate-automotive-insurance-quote-from-potential-auto-insurers/
The petition to reorganize its debts was filefd Monday afternoonin U.S. Bankruptcy Court in Minneapolids along with more than 20related subsidiaries. Genmar has between 100 and 199 creditors. It listxs its assets in the rageof $10 millionb to $50 million and its liabilitiez between $100 million and $500 million, according to courty documents. The largest unsecured creditorsare Maslon, Borman, Brand, a Minneapolis-based law firm which is owed , a law firm in is owed $155,800. Law firm in is representing Genmar in the bankruptcy case. The only secured creditors areand , according to a story in the Minneapolis Star Tribune .
Genmar said it has received commitment fora debtor-in-possession (DIP) financinfg proposal from both banks. In a Genmar Chairman, CEO and largest shareholder Irwin Jacobs said saleas ofthe company’s fishing luxury yachts and other products started to declind in 2008, but worsenef in recent months. The company’s sales in fiscalo 2009, which ends in June, are likely to be abourt $460 million, off by more than 50 percenrt fromfiscal 2008. “If someone would have said to me as recentluy as even one month ago that Genmat would someday be filingv forChapter 11, I would have said it was not even a remotre possibility,” Jacobs said.
Genmar had been making some strateggy changes inrecent months, . A spinoftf company, Greenville, Pa.-based , and other Jacobs-relatesd companies aren’t included in the filing. VEC for energy-generatinh windmills.
The petition to reorganize its debts was filefd Monday afternoonin U.S. Bankruptcy Court in Minneapolids along with more than 20related subsidiaries. Genmar has between 100 and 199 creditors. It listxs its assets in the rageof $10 millionb to $50 million and its liabilitiez between $100 million and $500 million, according to courty documents. The largest unsecured creditorsare Maslon, Borman, Brand, a Minneapolis-based law firm which is owed , a law firm in is owed $155,800. Law firm in is representing Genmar in the bankruptcy case. The only secured creditors areand , according to a story in the Minneapolis Star Tribune .
Genmar said it has received commitment fora debtor-in-possession (DIP) financinfg proposal from both banks. In a Genmar Chairman, CEO and largest shareholder Irwin Jacobs said saleas ofthe company’s fishing luxury yachts and other products started to declind in 2008, but worsenef in recent months. The company’s sales in fiscalo 2009, which ends in June, are likely to be abourt $460 million, off by more than 50 percenrt fromfiscal 2008. “If someone would have said to me as recentluy as even one month ago that Genmat would someday be filingv forChapter 11, I would have said it was not even a remotre possibility,” Jacobs said.
Genmar had been making some strateggy changes inrecent months, . A spinoftf company, Greenville, Pa.-based , and other Jacobs-relatesd companies aren’t included in the filing. VEC for energy-generatinh windmills.
Subscribe to:
Posts (Atom)