FG to get N80b loan from Chinese Govt for Abuja Light Rail - Vanguard

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FG to get N80b loan from Chinese Govt for Abuja Light Rail Vanguard Mr Ahmed Wadada, the Senior Special Assistant on Project Monitoring and National Assembly Matters to the FCT Minister, Sen. Bala Mohammed, disclosed the plan in Abuja while speaking with newsmen. Wadada said the rail project was important to the FCT ... and more »

AT&T, Amtrak sign technology deal - Puget Sound Business Journal (Seattle):

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Financial terms of the agreement werenot AT&T (NYSE: ATT) will provide services to protect Amtrak’d telecom network infrastructure, the company’s websit and the personal information of passengers. The companh will be responsible for implementing and managing Amtrak’s wireless local area network (WLAN) and its enhanced virtuapl private network (EVPN) to help connect more than 400 locations and multiplde networks on a single networjk platform.
Additionally, AT&T will put up firewalls to secure data that flow both in and outof Amtrak’ networks, monitoring for internal threats to and breaches of the company’s security Under the contract, Amtrak also will use AT&r voice services, including long distance and audio and Web conferencing Amtrak, based in Washington, provides intercity passenger rail service across 46 states and 21,00p0 route miles. In the company’s last fiscakl year, its trains carried more than 28.7 millionn passengers.

India abruptly puts off border talks with China - Economic Times

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India abruptly puts off border talks with China Economic Times NEW DELHI: India took the unusual step of postponing boundary talks with China scheduled for next week. Though no reasons were given , sources hinted the decision was taken at the highest levels of the government . This is the first time in all these ... and more »

Tribute for a fallen Marine - San Jose Mercury News

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KGO-TV

Tribute for a f »

New law expedites economic project plans - Orlando Business Journal:

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But he vetoed a bill that wouls have allowed an indigent health surtad to be added to retail sales without votee approval and anotherthat would’ve increased charges to community college students by $200 annually to coved transportation costs. “I firmly believe that every discretionaryusales surtax, or more commonly known as a local option sales tax, must be subjecf to voter approval,” Crist said in a lette r to Secretary of State Kurt S. Browning. Statee Sen. James King Jr., R-Jacksonville, introduced Senates Bill 718 that would have allowed Duvaland Miami-Dade countied to levy an indigent care and trauma center surtax at a rate of 0.5 percent.
The proceed of the tax would help fund healtuh care initiatives such asprimary care, preventivee care and hospital care for indigent Current law excludes the two counties from levyingb such a tax without approval from voters. State Rep. Charles S. Chestnuf IV, D-Gainesville, introduced House Bill 739, which woulsd have increased community collegewstudent fees. That bill contained a fee of upto $6 per credig hour annually to help fund better transportation services to collegse students.
“I am concerned that the community college transportatiohn fee will be charged to all students instead of beinhg charged solely to students who benefitf fromthe fee,” Crist said in a letteer to Browning. “In challenging economic times, I cannoyt support charging students up to anadditional $200 per year for serviced that they may or may not Crist did sign Senatew Bill 1122 that allows insurance companies to directly pay out-of-network instead of depending on insured individuals to make the “All too often, out-of-networ k providers that care for individuals insured by preferre provider organization networks are not reimbursed for their services under the existinhg payment structure,” Crist said.
“For this many providers are reluctant to carefor out-of-network individuals, thus reducing access to health care. As a individuals may not get the opportunityu to see the provider of their State Rep. Robert Schenck, R-Spring Hill, introducedf House Bill 73 that requires both the and waterd management districts to create programs that woulds expedite permit processing for selectg economicdevelopment projects. regulatory bodies that handle environmental resource permitting and wetland resourcr permits have 90 days to approvse or denyan application.
Under the new law, economic development projects that have been identifiedx by a municipality or county asa “targeyt industry business” must be permitted withimn 45 days. The law also requires a pre-application review process that is said to help reducew permitting conflicts by helping developers determine whicyh applications they would need aheacdof time, as well as by providing assistance to site planning and development, site suitability and and facility design.

Big Kindle sells out quickly - New Mexico Business Weekly:

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New Kindle DXs will be availableJune 17, the compang said on its site. That could mean a rush for customersz buying themfor Father’s Day over the following Amazon designed the large-screen DX with magazines, newspapers and textbooks in At nearly $500 a pop, it’s quite an investment. But though the screen’s still just black-and-white, and shows newspaper photographswin grayscale, some see it as a boost for a flounderinf newspaper industry.
Customers can have their favoritenewspapersd “delivered” every morning to the device, sometimes for less money than a traditionap subscription thumped onto their The Kindle version of a newspaper has no ads, which appeals to readers. Amazon splits revenue from the subscriptionn with the media company that producesthe newspaper. Recently a commuter on San Francisco’s BART system, readinyg newspapers on her small-screenj Kindle as the train raced underthe bay, told this reporter she no longetr subscribes to the San Francisco Chronicle or the New York Timess , but gets them through her She also has an out-of-town paper, the Seattls Times , delivered to the device — another benefit of electronic delivery.
Amazon (NASDAQ: AMZN) has promotes the new Kindle widely, hoping to lock customers into its systemj before rival devices and programsecome along. Already, savvy major newspapers have set up for ’s (NASDAQ: AAPL) iPhone, making theif sites easy to navigatwe and read. Both the New York Time and Wall Street Journalp format their sites on the iPhonewith easy-to-read headlinexs and thumbnail photos in a Both sites are free and supportec by ads. Meanwhile, giant (NASDAQ: which has its fingers in a lot of is rumored to be working on some kindof e-reader And Plastic Logic, based in the Unite Kingdom, is developing a flexible plastic screen for similad purposes.

COMMUNITY SPORTS: Nov. 3 results - North County Times

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COMMUNITY SPORTS: Nov. 3 results North County Times Paul Cauther; 2. Mike Coleman; 3. Larry Graff 50-54 Men's Short Board: 1. Gregory Lievas; 2. Helmut Igel; 3. Tom Woesnner 65-69 Men's Long Board: 1. Andrew Spengler; 2. John Moore; 3. Doug LaFond 60-64 Men's Short Board: 1. Ray Lawrence; 2. ...

Crestor Same As Lipitor In Stabilizing Plaque In Arteries - Medical News Today

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USA Today

Crestor Same As Lipitor In Stabilizing Plaque In Arteries Medical News Today Crestor is not significantly better at stabilizing plaque and reducing cholesterol, compared to Lipitor, a Pfizer drug that Ranbaxy Laboratories will launch in much cheaper generic versions in two weeks' time. AstraZeneca's Crestor (rosuvastatin) will ... AstraZeneca's Crestor Fails to Beat Lipitor in Heart Disease Effects Bloomberg  »

Biz Digest - Orlando Business Journal:

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Realty Capital recently completed four lease Facility Pro Tech signeda three-yeatr lease for 1,599 square feet at 4065-408t5 L.B. McLeod Road in Orlando. M.D. Diagnostic Specialistds extendedits 3,270-square-foot lease at 668 N. Orlando Ave. by 19 monthss and signed an 18-month lease for 1,7821 square feet at the same location. Orlando Medicapl Institute leased 1,319 square feet at 1650 Sand Lake Road in Walt Disney World Resory handedout $700,000 to 34 Centrakl Florida charitable groups that focus on children connecting with adults, constructive use of free time, character developmentf and compassion.
Recipients are chosen by a panelp of judges made up of Centrapl Florida community leaders and Walt Disney Worldccast members. Other organizatione receiving money fromDisneyg were: Adult Literacy League Inc., Best Buddies Florida, $12,000; Boys & Girls Clubsw of Central Florida Inc., $40,000; Boys & Girlse Clubs of Lake and Sumter Inc., Bridges of Light Foundation Inc., $48,000; Camp Fire USA Sunshined Council, $18,600; Center for Independent Livin g in Central Florida Inc., $17,400; Community Trusyt Foundation, $15,000; Early Learningv Coalition of Osceola County, Explorations V Children’s Museum Inc., $15,000; Florida Children’s Repertoru Theatre Inc.
, $10,000; Florida Citrus Sports Foundationj Inc., $25,000; Florida Seniodr Programs Inc./ Foster Grandparents Program, Foundation for Orange County Public Schools $10,000; Golden Rule Foundation Inc., Habitat for Humanity-Seminole County, Harbor House of Central Floridsa Inc., $39,000; Hispanic Resource Link Inc.-Yo Si $15,000; Holocaust Memorial Resource and Education Center of Florida Inc., $20,000; Hope CommUnity Centerd Inc., $35,000; Jewish Community Center of Greater $20,000; Jewish Family Services of Greater Orlando Inc., $15,000; Justice and Peacd Office Inc.- Apopka Family Learning Center, $25,000; New Hope for $25,700; Orlando Day Nursery Association Inc.
, $10,000; Orlando Museum of Art, Orlando Repertory Theatre, $10,800; Orlando Science Center Inc., Orlando Shakespeare Theater, $10,000; Osceola County Council on $15,000; Restore Orlando Inc., and Winter Park Day Nursery Inc., Beazer Homes has started construction of sevehn new townhomes at Heritagde Commons in Winter Springs off Dodd Road. The homeds start at $149,990. Anytime Fitness, a national chainj of 24-hour fitness centers, is slated to open a 7,800-square-foo t operation on Aloma Avenue inWintee Park. The operation is ownex by Lochrane Gary, Patrick McGaha and Kevin McGaha.

Former Pittsburgh school could become hotel - Minneapolis / St. Paul Business Journal:

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After establishing an option a few months ago with PittsburgbPublic Schools, Thakkar is negotiatinv to buy the 91,852-square-foor property and convert it into an 85-room hotel. The plan is stilkl in its early stages, but Younf said the full hotel conversion is expected tocost $6 million to $8 The property has an assessef value of more than $2.65 “As always, there’s limited uses for properties like these,” Youngh said. “It’s such a big one.
We think this givesx the building the opportunity to be used Young said the1908 building, despitw sitting vacant for three years, offers an appealing mix of operating large windows and wide hallways that lend itself to the kind of conversio n undertaken elsewhere. Its location also would be appealingf to guests for thenearbgy Children’s Hospital and for visitors of Downtownb and the North Side. Washington Polytechnifc is one of a number of formed schools attracting redevelopment interest asthe city’s school district right-sizesx itself, closing schools and then selling the buildings.
Pittsburghu Public Schools began its public procesws of divesting unused buildingslast year, and the Urbam Redevelopment Authority has been actively involved for the past six The URA is marketing 22 former schools on its Web and Director of Real Estate Kyra Straussman said seven schools so far have either been sold, are proposed for redevelopmentr or have requests for proposals seeking One of the schools with a new redevelopmenf plan is the former Morningside Elementaru School, where a development team of Barry Lhormet and Ernie Sota are researching the buildint for a residential conversion.
Sota said they’re studying the feasibility of convertin gthe 36,000-square-foot building into market-ratd apartments. A veteran of other school redevelopments and the principaoof Ross-based Sota Construction, Sota said it takes a carefupl review of a building’ s layout and design to determine whether a schoool can easily become something else. “Som e schools want to be an adaptive reuse and some he said. It wouls be easy to think that the former Soutn HillsHigh School, a 220,000-square-foot structure on Mountt Washington, would long ago have been abandonef as a possible redevelopment, considering its last clas graduated in 1985. But developer a.m. Rodriguez Associates Inc.
has lined up $30 milliojn in financing to begin construction on a conversionm of the property into a mix of 85 affordabls senior residential units and25 market-rate loft apartments with a YMCA brandf and an early learning center included. At a time when all developeras find financing difficult tocome by, Chicago insurance giant John Hancock has signef on. Sota’s company will serve as the “For them to choose this project shows the strengtnof a.m.
Rodriguez and Pittsburgh as well,” Sota Developer Gregory Coyle said he has linerd up theneeded $14 million in financinh to transform the former South Side Vo-Tech, an historically registered school at 10th and Carson streets, not to be confuse d with South Hills High, into 71 market-ratwe apartments. Working with funding backec by the federal Department of Housingv andUrban Development, Coyle hopes to close on the sale with the school district soon and begin working on it this “It’s been fairly straightforward, considering the largefr affairs in the state of the world,” Coyls said of obtaining funding for the project. “I was pleasantly surprised.
”

Fifth Third likely to convert preferred shares - Business First of Louisville:

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Fifth Third isn’t saying how it will raise the $1.1 billionn in capital the federal governmentt saysit needs. But it pointed to severalo options including converting some preferred stock into common shares to boost its capital toacceptablre levels. The Federal Reserve released a report May 7 specifyintg how much more capitalthe nation’zs 19 largest banks need. The study is basecd on those banks’ ability to handle a worseninbgeconomic scenario. The Fed determinedc Fifth Third (NASDAQ: FITB) would need $1.1 billion more commojn capital than it now has if the economgy slumps furtherthan expected. That figure takee into accountthe $1.
2 billion in capital Fifth Third expects to raise from the sale of 51 percent of its paymentas processing unit. That deal is expecte to close in thesecond quarter. Before the plannes sale and other first-quarter actions, Fifth Third would have had toraisd $2.6 billion. The $1.1 billion Fifth Third needs to raise for the stress tests isthe second-lowestf among the 10 banks that the government said need to raisde money. The U.S.
Treasury is making capital available to bankzthat can’t raise enough to meet the stress test But Fifth Third doesn’t expect to need that “We expect to meet this new commitment to further reinforcee our capital composition within six monthes through additional private market actions,” Fifthn Third CEO Kevin Kabat said in a news “We do not expect to further utilizee government capital programs.” That likely pointw to converting private preferred stockholderes to common stock. Fifth Third raised $1 billiohn in June by selling preferred sharew tothe public.
analysrt Maclovio Pina said in a report that he expects Fifthb Third to raise money by convertinghpreferred stock. Even though that stock is convertibldeat $11.58 per share – more than $3 above the curreny price – shareholders might be willing to convertt at a lower price, Pina said. He also expects Fifthu Third to raise more thanthe $1.1 billion it “So, in addition to the convertible Fifth Third could raise more common he wrote. “This could amount to betweejn $300 million and $500 From our calculations, these two transactions could imply a 20 percenf to 30 percent dilution forcurrent shareholders.
” That’as about what Pina had estimatede before the stress test results came out. Fifth Thirds said in the release that its options to raise capital includde the potential sale ofsome non-strategivc assets, such as common stock it owns in publicly traded companieas with unrecognized gains. That also couldc include converting some of itsexisting securities. It further mentioned sellinb available-for-sale securities in which it has gainxs as a possiblecapital source. Fifth Third’es options expanded when its stock surgeed inrecent weeks. It closed at $8.3t Monday and jumped $3.14, or 59 percent, Fridah after the stress test results were releasedd theprior afternoon.
That makes a public offering more lucrativw than it would have before thestoco rose. When the stock was in the doldrumswbelow $2 in February and March, it wouls have been practically impossible to raise significant amounts of moneyu by selling stock. Kabat said at the company’sz annual shareholders meeting April 21 that the bank holding companyu wants to pay back government monet as soonas possible. It receivedx that $3.5 billion through the government’d Troubled Asset Relief Banks that need to raise capital as a result of the stres s tests have to come up with a detailesd plan within30 days. They have six monthw to raise the capital.
BAC), KeyCorp (NYSE: KEY), (NYSE: MS) and WFC) have all said they will sell commonm stock to the public to raise the necessar capital required by thestresse tests. and each raised their investmenty rating onFifth Third’s stock after the stress-tesf results were released. Kabat said in the releasw he doesn’t expect the banking environmenrt to approach the adverse scenarios included in thestress tests. Its capital and loan-los s reserves should allow itto “absorbh even the high and conservative level of loan losse s assumed under the (stress tests),” he “We don’t expect loan loss rates to approach those levels.
Our recent results and current expectation for the second quarter are significantly better than those assumedd for those periods under the more adverse These near-term results and expectations provide a good starting point for the futured level of our capital in later We are confident that our capitakl levels will remain above levels required by regulatory authoritie s and our own targets.” Fifth Third, headquarteredc in Cincinnati, is the Tri-State’sw largest bank, and has 16 affiliates with abou 1,300 banking centers and more than 2,30o0 ATMs in Ohio, Indiana, Georgia, North Carolina, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, and Missouri.

Avalonbay Marginally Misses - Daily Markets

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Avalonbay Marginally Misses Daily Markets The reported FFO for third quarter 2011 marginally missed the Zacks Consensus Estimate by a penny. Total revenue during the reported quarter increased 11.3% year-over-year to $251.1 million and exceeded the Zacks Consensus Estimate of $250 million. ... and more »

Positional groupings: Multiple TEs - ESPN (blog)

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Positional groupings: Multiple TEs ESPN (blog) The Patriots ran a few different groupings out of the 2 WR/2 TE/1 RB package, using a sixth offensive lineman as a tight end on four snaps. You are fully responsible for the content you post. Content that includes profanity, personal attacks or ... and more »

Real estate vets opening hardware store - Dayton Business Journal:

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Jeff Pfeil and Deane Pfeil are openingb later this summer at 63Third St., the same address where they renovated the upperr four floors into 19 luxuryg apartments called The Conservatory. The husband-and-wifed team -- who own the commercial leasing and marketingfirm Inc. in Saratoga Springa -- say a hardware store is needesd downtown to serve local businesses and residents who must now travek miles away tobuy tools, equipment and other supplies. They know the frustratiobn firsthand after doing two residential renovatiojn projects inthe city, the Conservatory and Powers Park Loftsw in north Troy. “Our construction staff was running all over to pick up the JeffPfeil said.
“Wer were spending a lot of time drivinfg to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojan Hardware on Congresse Street recently closed after 94 years in business, leaving downtown with no otheer hardware stores. The closest is acrossz the Hudson River in Watervliet or uptow near the townof Brunswick. Pfeil Hardware will be part of inFort Ind., the nation’s seconr largest hardware co-operative. The store will be managed by Stevenh Lesnewskiof Pittsfield, Mass., who has more than 25 year of experience in the hardware industry.
The 8,700-square-foot store will stock hardware, small appliances, fasteners, electrical and plumbiny supplies, Benjamin Moore paints and other It won’t sell lumber. The Pfeils have been planningg the store fora year. As part of their research they visited hardware stores in college towns and largde cities to see what kinds of productzcustomers need. They also searched hard for someone to managethe “The decision wasn’t final until we found the right person,” Pfeil said. The Pfeils have been in the commercia l real estate and development business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Becauss of all the years we worked with retailerse very closely we have a pretty thorough understandingyof retail, that’s probably why we never went into it,” Jeff Pfeil said. “It’xs sort of a joke, but retail is a lot of hard long hours and all the thingws that comewith it.” Still, they knew from persona l experience a hardware store is needed and were encouraged by the results of theirf marketing studies. Finding a seasoned store manager was also Mayor Harry Tutunjian cheereds the announcement aboutthe “Jeff and Deane Pfeil have a recorsd of success in Troy and I am sure that this new venturde will succeed as well,” Tutunjiahn said.
“The residents of Troy will benefiyt from having a well stocked urbam hardware store in the heart of the The opening ofPfeil Hardware, which is tentativelty set for September, will return retailing to a downtown building that had long serveds as the home of Stanley’s departmenr store. The building sat empty for yeares before the Pfeils bought it and converted the uppefr floors into 19 luxury apartments they call The All but two of the apartment were occupied as ofJuly 1. The Pfeil s declined to say how much they spenftin start-up costs for the hardwarer store.
Nor did they want to say how much they coul d have received per square foot had they leasede the first floor space to another Lease rates in downtown Troywere $10 to $20 per square foot as of the fourtb quarter of 2008, according to CB Richar d Ellis/Albany.