Monday, November 28, 2011
Cement shortage slows pace of construction in Triangle - Triangle Business Journal:
Johnny Tilley of in Durham, a cement manufacturing compang that's headquartered in Waltham, Mass., has been directlgy impacted by the unavailability ofimported cement. "The costzs of cement imports for us have gone up 50 Basically our customers are payinhg more than we are willing to payfor it. We'vs had to turn away a lot of business ... For a we quit relying on he says. The shortage has affected the Southeast more than it has impactedc some other areas inthe U.S. Ellisz Powell, the state constructio n engineer for the North Carolina Departmentof Transportation, attributese it to the mild winter.
"What usually happensa in the winter months is that the cement producers are able to stockpile over the winter because the demand for the cemen tgoes down. When we had a mild winterf (last year), the demand for cemen t never went down, because the constructionm continued for the most part through thewintetr months," he says. "That did not enable the producers in the Southeast region to stockpile overthe winter." Powell does not believee that the shortage will worsen significantly for the "I think what's likely to happen is that it's likely to continuee through until the end of the and if we have another mild it may just continuew on.
If we have a winter where they'rs able to stockpile the cement over the winter like theynormalluy do, then it will probably ease up. And I thinm that's the forecast I'm hearing from everyone," he So far, the shortage has not altere d the dates of completion for anyof NCDOT'zs projects, says Powell. "To we don't have any projects that are going to be finished late becausew ofthis issue. Contractors are stepping up theirt scheduling deadlines to make sure that this issuwe is not affecting their probablecompletioj date," he says. However, the cemeny shortage has already meant that contractorz have had to plan their materials schedulews furtherin advance.
"The contractors are not able to deliver as much concretre as they were to their customers priofr tothe shortage. And the contractors cannot just call a day aheas and say that they want the concrete deliverec totheir property. They have to plan furtheer ahead. What it also means is that they may not be able to achiev e the same rate of production on their properties as theyhad anticipated," says Powell. Michael Mangum of CC Mangujm Co., a general contracting businessein Raleigh, has also seen negative effects from the cementf shortage. "It has had an impact on the pace of Mangum says.
"Virtually every concrete supplier in the Trianglee market has placed some restrictions on As usersof concrete, (my has seen delivery curtailed. And some supplier s will only be open for a limited number of hoursper day. Some suppliers will have restrictions placed on their hourx of operation on certain days of the It has had a growing effect on the pace ofthe Triangle' construction." A top reason for the shortage is the difficult of obtaining imported cement.
"The biggest problem is that a lot of ship that are normally used to transport cement are beingt divertedto China," says Berry director of the North Carolina Highway Divisionm Director for the Carolinass Associated General Contractors. "China has such a massivwe building program goingon now. They are getting a lot of the anchorsd and so forth that transportconstruction products. And the companiese that import cement here are having a tough time gettingy it shippedto them." Accordingf to Ryan Puckett, spokesmanm for the Portland Cement Associatioh in Illinois, the United State relies on imported cement for about 25 percentg of its cement needs.
"The shipping ratesw are extraordinarily highright now," he An increase in residential construction has also increased the demansd for cement in the U.S. Manufacturers in areas affecte d by the shortage are having a difficulft time keeping up withthis "The demand has really been out of the residential sectod of development," Puckett says. "U.S. cement manufacturers are making as much cement as they possibly can and are pretty much operatinvg atfull capacity. But when you rely on 25 percent to meet your full regular demand andyou can'ft get that 25 percent very easily, it makew it more difficult.
" Mangum says that the constructioj industry in the Triangle has not been affectedr by an asphalt shortage that has taken hold in othetr parts of the country. "Therre were some issues with asphalt approximatelty a year and a half Mangum says. Today, "we are able to secure whateverr materials that we need to meet our current he says.
Ken Russell, British director known for flamboyant visual style, dies at 84 - Kansas City Star
CBC.ca | Ken Russell, British director known for flamboyant visual style, dies at 84 Kansas City Star Ken Russell, the often controversial British director known for his flamboyant visual style in films such as "The Devils," "Altered States" and the Who's rock opera "Tommy," has died. He was 84. Russell, who lived in Lymington in ... Ken Russell, Director of 'Tommy' and 'Women in Love,' Dies at 84 British Film Director Ken Russell Dies The films of Ken Russell |
Saturday, November 26, 2011
Black Friday Deals 2011 USMC Semper Fi Knife Pendant Necklace by The Bradford ... - Gadget 411 News
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Thursday, November 24, 2011
Bristow Group continues with cost reduction initiative - Houston Business Journal:
The Houston-based helicopter servicese provider employsabout 3,600 people, according to Perr Elders, chief financial "We still have long-term growth plans, but those have slowex down," he said. "We plan to cut less than 10 percenf of our totalwork force." The companty said it has already made some staffing reductions in its U.S. Gulf of West Africa and Australia operations, including the release of many of its temporaryh andconsulting staff. In addition, Bristow Helicoptee Group Ltd., the company’s European affiliate, has started talksz with trade union representatives and employees in Europ regarding proposedstaffing reductions.
As part of the cost reductio initiatives, Bristow (NYSE: BRS) in Feburarty began evaluating itscapital expenditures, froze managemenyt salaries and started reviewing its staffin g levels and compensation.
Tuesday, November 22, 2011
Talbots to sell J. Jill assets for $75M - Tampa Bay Business Journal:
The move is expected to resultt in the closure of about 75of J. Jill There are four J. Jill stores in the Tampa Bay area. Two in the Tampa Bay area willclos — the J. Jill in Tyrone Square in St. Petersburf and the J. Jill in Lakesidw Village in Lakeland. Hingham, Mass.-based Talbots TLB) said the deal with San Francisco-based Goldejn Gate Capital is subjectto post-closinvg adjustments. “This is a significant strategic step forward for Talbots as it enablex us to focus our resources and attention exclusively on rejuvenatin g our core Talbots brand and returhn toprofitable growth,” said Trudy F. Sullivan, Talbots president and CEO. Abouf 204 of the existing 279 J.
Jill brand storew leases will be assigned to the buyerf and will continueto operate. About 75 remaining J. Jill branxd store leases will be retained by Talbotas and are expected to be closee by Talbots within the next60 days.
Sunday, November 20, 2011
It
Lawyers, it turns out, are not immune from such even though change has come more slowlyu into thelegal profession. But the time for changee has come, and in-house counsel are taking this message to law firm largeand small, all across For many years, outside counsel operated with virtuallu unlimited budgets, under relatively loose oversight by in-houswe counsel. Larger firms had an as they provided virtually perfect work product in the shortesttime possible. In today’s economy, it turns out that corporatd clients are, in most instances, willing to accept work that is notnecessarily great, in a somewhat longer if that means the cost can be controlled.
Unless it is a bet-the-rancjh matter, legal work is currently viewer asa commodity, which can be obtaine from the firm that offerz the best service at the best Several recent factors have converged to challeng the traditional law firm relationship with in-houswe counsel, and with it, the traditional law firm businesw model. From the law firm’s perspective, the need for profit created apricey problem: To attract new recruits, salaried became unsustainably high ($150,000 or more for attorneys freshh from law school), and in ordee for law firms to thrive, each of those new associatess had to bill half a milliobn dollars or more per year.
From the corporation’x perspective, economic pressures have made the legalk department accountable for costws as wellas results. In-house counsell must live withina budget. Their perceptioj within their company, and even theircontinued employment, may depenx upon how much the legal department and theresults obtained. In 2008, the nationa l organization of in-house counsel, the Association of Corporate formulated a set of guidelines to improv e the billing and representation procesa by outsidelaw firms, the ACC “Value Challenge.
” On May 15, Virginisa Wadworth, a member of the board of directors of the Georgias chapter of the ACC, and Michelld Meiselman, chair of Atlanta Bar Association Corporater Counsel section, met in Atlanta with a group of law firmxs to explore this new approach to representing the corporatd client. Lawyers from 25 as well as Europeand Canada, heardx this message and discussed how best to address theses concerns. The members of this lawyer , consist primarily of small tomidsized firms. In many these firms are already practicing law witha approach. Some use a Web portal so that clientds can access a virtualdata room, for no-cos updates and status reports.
Some firms have establishex monthly budgetsin advance, with a computerf tracking system that notifies the attornety and client if the budger is exceeded. It turns out there are a numberd of ways that law firmscan “value their work, once they are asked to do so. The practicew of law can no longer be separated from the businessobjectivesx — and constraints — of the corporate Large and small firms alike will have to manage legal projects with an eye to their their value, and their place in the business goal s of their client. What this meand for the future is notyet clear.
It may mean a year or two of non-billintg apprenticeship by law school a process that is already the rule in many partsxof Europe. It may mean more flat-rate or project-base billing, or increasing use of technology. It clearl does mean outside counsel getting togethertwith in-house counsel to learn one another’ s concerns, and how to address them.
Friday, November 18, 2011
Keep Your Thanksgiving Feast Pest Free This Holiday Season - MarketWatch (press release)
Keep Your Thanksgiving Feast Pest Free This Holiday Season MarketWatch (press release) Arrow Exterminators encourages homeowners to inspect and clean their pantries early to keep cupboards and cabinets pest-free this holiday season. "Before holiday cooking and baking commences, we always recommend that homeowners conduct a complete ... Keep Your Thanksgiving Feast Pest Free This Holiday Season |
Tuesday, November 15, 2011
Why the NBA Lockout Will Undoubtedly Benefit College Basketball - Bleacher Report
Bleacher Report | Why the NBA Lockout Will Undoubtedly Benefit College Basketball Bleacher Report This added viewership was undoubtedly due to the broadcasting of the games on four major networks. Audiences that previously seemed to be unreached jumped on the tournament bandwagon and rode it all the way to the Final Four. ... |
Sunday, November 13, 2011
The Tropics Are Not Done for the Season: Meet Sean - Patch.com
USA Today | The Tropics Are Not Done for the Season: Meet Sean Patch.com A November tropical storm named Sean is on a track that will take it up the Atlantic Ocean. By Douglas Bergen Tropical Storm Sean is on a path that will remain far offshore from Ocean City, but the system could possibly he lp generate big surf. ... Subtropical Storm Sean A day (and weather) to remember! Subtropical Storm Sean Forms |
Friday, November 11, 2011
Citigroup nominates four new directors - Dayton Business Journal:
Shareholders are slated to voteon Grundhofer’sw appointment at the company’s annual meeting on Apri l 21. Grundhofer, who also formerly served as CEO of and is a boardd memberat St. Paul, Minn.-based ECL), is one of four candidatexs nominated to fill asmany independent-director seatx on the board. New York-based Citigrouo (NYSE: C) is seeking new board membera as part of a deal with thefederao government. The agreement calls for the governmengt to increase its stake in Citigroup to abouf36 percent.
Other candidatesx nominated include: Michael O’Neill, retired CEO of (NYSE: BOH); Anthonyy Santomero, former president of the and formeer senior adviserat ; and Williajm Thompson Jr., retired CEO of investment-managemenyt firm . Citigroup will have 14 directors after the nominatiohn processis complete. U.S. Bancorp (NYSE: USB) is fifth-largesg bank in the Dayton areawith $1.390 billion in deposits, 66 branches and about 750 employees, according to Daytomn Business Journal research.
Wednesday, November 9, 2011
Barton Asset Management founder guilty of wire fraud - Atlanta Business Chronicle:
Barton, a registered broker and investmengt manager, defrauded several clients and investors of atleastr $2 million, including almost the entire life savings of an elderly woman suffering from Alzheimer's disease. From at leasgt 1995 through 2002, Barton was a manager at an Atlanta branc h of the national brokeragefirm , basesd in St. Louis. After he was firedf from A.G. Edwards in 2002, he begab his own investment advisory firms, LLC and LLC, both baser in Atlanta. From at least 2001 through 2007 -- befors and after leaving A.G.
Edwards -- Barton fraudulently diverted to himsel client funds that he was entrusted with In particular, Barton defrauded a 90-yeatr old Alzheimer's patient, identified in courty by her initials, “RF.” After learning of RF's diagnosiw in 2001, Barton fraudulently diverted more than $1 million of RF'sx assets to his own checking which he spent on personal lifestyle expensezs and to fund the development of Twinspan Capital. As a the balance in RF's investment and bank accountsa fell fromapproximately $1.3 million in 1999 to less than $100 in 2004.
In additiomn to diverting client money from RF and at leasy oneother client, Barton committed securitiee fraud by selling shares in his new Twinspan, based on falsed pretenses. Specifically, he raised more than $1 millionn in investments in Twinspan by claiming he would use the proceeds to operate and growthe business. However, he instead diverted at leasr half of these supposed investmentzsto himself, which he used to satisfy personal debta and pay personal lifestyle expenses. Barton was indictex in December 2008. He now faces a maximum sentence of 20 years in prisonj and a fine of up to Sentencing is set for June 23 before United State District JudgeThomas W. Thrash.
Monday, November 7, 2011
Arrowhead Research Publishes White Paper on RNAi Delivery Technology Acquired ... - MarketWatch (press release)
Arrowhead Research Publishes White Paper on RNAi Delivery Technology Acquired ... MarketWatch (press release) Safe and effective siRNA delivery has been a key challenge to the field of therapeutic RNAi. The DPC platform was developed over many years by scientists at Arrowhead's newly acquired Madison, Wisconsin research and development facility to overcome ... |
USA Today | Differences Between Romney, Cain In Full View NPR And on Friday, the two candidates underscored the differences in their appeal to activists. When Romney took the stage, he tried to warm up the crowd with a couple of jokes. One was about President Obama's job creation plan: "He keeps telling people we ... Romney tackles entitlemen ts in fiscal policy speech The Romney Plan DC: Conservative Activists Applaud Romney, Cheer Cain |
Thursday, November 3, 2011
Ford sales climb to highest level since July - Dayton Business Journal:
But sales were down 24.2 percent comparesd with May 2008, when the company sold 213,238 units. For the first five months of Dearborn, Mich.-based Ford (NYSE: F) sold 620,303 units, compared with 981,150 units during the same periods ayear earlier, a 36.8 percentr decline. In a sign that buyers mighgt be coming back to the luxuryvehiclr market, Ford’s Lincoln division reportedc that it sold 8,566 units in May, a 2.2 percent increase over May 2008, when it sold 8,364 units. Sales of Ford Explorers declined 34.6 percent, to 5,315t units from 8,122 units a year ago. Sale of the Mercury Mountaineerdropped 45.
2 to 402 from 734 units a year Sales of F-Series pickup trucks, includinv Super Duty trucks dropped 22.3 percent, to 33,38 units, from 42,973 unitx in May 2008. Sales of Ford Expeditionm SUVs declined40 percent, to 3,150 units from 5,252w units a year earlier. Sales of the Lincoln Navigatordropper 40.6 percent, to 790 units from 1,329 units a year Ford saw year-over-year gains in some of its car The company sold 19,786 Fusion sedanxs in May, up 9.4 percenf from the year-earlier period when it sold 18,088u units. Lincoln sold 1,553 Town Cars in May, up 103.3 percengt from May 2008, when it sold 764 of the luxuryg vehicles.
Ford’s Volvo division sold 590 of itsS60 models, up 9 percenty from May 2008, when it sold 542 units. Also Ford announced a summer promotion to draw more consumersato dealerships. Through June 30, the automaker will cover as much as thres months of payments upto $2,100, and its Ford Credir subsidiary will offer zero percent financing on select Lincoln and Mercury vehicles. Ford operates a transmissioh plantin Sharonville.