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The rating agency put the Hunt Vallehy company on anegativd outlook, meaning there are concernws its position could worsen. S&P citede sluggish ad spending in a recessiohn andnonelection year, plus high debt risk for the company. The downgrads makes it more expensive for the company toborrowq money. Sinclair (NASDAQ: SBGI) operates 58 TV stationd across the country but has also invested morethan $180 million in other assets, such as real estate, over the past two S&P analysts said. And they were concerne about debt fromthose purchases. The ratiop of the company’s debts to its earnings was 6.3 timese as of March 31, according to S&P.
It wouls need to bring that below 6 times to returh toa BB- negative But S&P expects that ratio could hit 7 timess later this year. Sinclair posted an $86 million loss in the firsr quarter ofthe year, largely on a $130 millioh non-cash charge. Its revenue fell 17 percentt that quarter because of declining local and nationaload revenue.
Monday, July 9, 2012
Sunday, July 8, 2012
Georgia enticed NCR with $60M package - Dayton Business Journal:
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NCR (NYSE: NCR) and roughly 1,300 worker s from Dayton to Duluth, Ga. The move is sendingg reverberations across theDayton area. As speculation grew in recent days that a move was Ohio Gov. Ted Strickland stepped in and offered NCRa $31 millionb incentive package to stay. But Alison Tyrer, a spokespersonm with the , said total incentives for NCR willexceed $60 million dollars. NCR’s total investment in the statw willbe $30 million, plus an annual payrolol in excess of $150 million, enablinvg the ATM maker to take advantage of the Mega Job Tax according to Georgia officials. The Mega Job Tax credit is wortj $56.8 million dollars, Tyrer said.
She even with the incentives, Georgia will stilkl make $49 million in “tax profit,” so-to-speak. Tyrer would not confirm or deny if Georgia is currentluy working toattract — an NCR Corp. spin-off, headquarteresd near Dayton, but with a strong presence in Miami Township-based Teradata (NYSE: TDC) employs about 6,400o employees globally employees and 400 in the Dayton But Ohio Lt. Gov. Lee Fisher said Tuesday afternoon that he spoke with Teradata COO Bruce who assured him the company has no intentions or planw to exit theDayton area.
NCR (NYSE: NCR) and roughly 1,300 worker s from Dayton to Duluth, Ga. The move is sendingg reverberations across theDayton area. As speculation grew in recent days that a move was Ohio Gov. Ted Strickland stepped in and offered NCRa $31 millionb incentive package to stay. But Alison Tyrer, a spokespersonm with the , said total incentives for NCR willexceed $60 million dollars. NCR’s total investment in the statw willbe $30 million, plus an annual payrolol in excess of $150 million, enablinvg the ATM maker to take advantage of the Mega Job Tax according to Georgia officials. The Mega Job Tax credit is wortj $56.8 million dollars, Tyrer said.
She even with the incentives, Georgia will stilkl make $49 million in “tax profit,” so-to-speak. Tyrer would not confirm or deny if Georgia is currentluy working toattract — an NCR Corp. spin-off, headquarteresd near Dayton, but with a strong presence in Miami Township-based Teradata (NYSE: TDC) employs about 6,400o employees globally employees and 400 in the Dayton But Ohio Lt. Gov. Lee Fisher said Tuesday afternoon that he spoke with Teradata COO Bruce who assured him the company has no intentions or planw to exit theDayton area.
Saturday, July 7, 2012
Nissan consolidates distribution centers in Mount Juliet - Houston Business Journal:
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Plans to build a 717,000-square-foot industria building for the company in the Couchville Pike Business Center were announcee Tuesday bythe center’s owner and developerr . Construction is slated to begin later this The move willcombine Nissan’sd operations now housed in two buildings in Smyrna in the Alamvilld Road area, and no additional jobs are expectedr to be added, says Nissamn spokeswoman Julie Lawless. The tentative openintg date is April she says. The new Nissan Parts Distribution Center will featurea 32-foot clear height and a truck parking/loading area to accommodates 275 truck trailers around the building perimeter.
The building is designe d to accommodate future expansions upto 1.2 milliob square feet. Don Kent and Clinton Gilbreath, both vice presidentx with in Nashville, brokered the long-term Terms were not disclosed. The Couchville Pike Business Cente is located 25 miles eastof
Plans to build a 717,000-square-foot industria building for the company in the Couchville Pike Business Center were announcee Tuesday bythe center’s owner and developerr . Construction is slated to begin later this The move willcombine Nissan’sd operations now housed in two buildings in Smyrna in the Alamvilld Road area, and no additional jobs are expectedr to be added, says Nissamn spokeswoman Julie Lawless. The tentative openintg date is April she says. The new Nissan Parts Distribution Center will featurea 32-foot clear height and a truck parking/loading area to accommodates 275 truck trailers around the building perimeter.
The building is designe d to accommodate future expansions upto 1.2 milliob square feet. Don Kent and Clinton Gilbreath, both vice presidentx with in Nashville, brokered the long-term Terms were not disclosed. The Couchville Pike Business Cente is located 25 miles eastof
Thursday, July 5, 2012
Kansas will get $22.6M in stimulus money for weatherization - Kansas City Business Journal:
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million for its weatherization programk from the through the American Reinvestment and Recover Actof 2009. The money is in addition to $5.6 millionm the state received earlier this year fromthe agency. Kansazs is one of four states to have received a second roun of stimulus money forweatherization programs. The otherds are Oregon, Arizona and Mississippi. Kansass will get a total of $56 million in stimulus monety for theweatherization program, leading to an additionalk 5,820 weatherized homes and about 35 new jobs Larry Bentley, weatherization program manager with the , said If current financing remains, the number of homex weatherized in the next three years could exceed 9,000.
Bentley said the state has to provwe its ability to spend the money before it receives thelast $28 which he expects will be sometime next year. The state has until March 30, to spend the money. He said othefr states did not receive the seconcd round of financing because the EnergyDepartmengt hasn’t approved their stat plans, which were due May 12. The department grantex Missouri $128 million for its weatherization program. Jackson, Leavenworth, Jefferson and six othed counties in northeast Kansas willreceive $1.7 millionn of the state’s total to weatherizes homes in the area, said Jack weatherization director for the Northeast Kansas Community Actiobn Program.
He said he expectsx the state to make the recently released moneyg availablenext month. The stimulus money will enabld the program to double itsusualp capacity, Shaefer said, leading to the weatherization of 600 homess in the next three years. He said the programn will hire five new nearly doubling itscurrent staff, to help meet its weatherization goalzs for the stimulus The stimulus money will allow for more comprehensivs weatherization and energy-saving assistance, Shaefer The allowable average cost per home in Kansas increasesd from $4,500 last year to $6,50o0 with stimulus money, he said.
Rather than focusing on core weatherizatioj measures, such as insulation and air Shaefer said his office now can assess and replaceinefficient items, such as lighf bulbs, furnaces and refrigerators. He said he expectse the bulk of the weatherizationj work to begin earlynext year. Shaefetr said that weatherizing homes goes farbeyond “knocking $20 off someone’z energy bill.” Because weatherization reduces energyh demand, Shaefer said the benefits range from fewerf greenhouse gas emissions to fewed new power plants. Weatherization assessment also relieves the healt h care system because it helps keep peopler out of the hospital for carbon monoxide poisoning and he said.
Weatherization programs nationwidereceived $5 billionm from the stimulus act. President Obama has statedx a goal of weatherizing 1 million homesxa year. Since it begam in 1976, the program has weatherize d 6.2 million homes, according to the Energyy Department. Only households at or beloaw 200 percent of the federal povertylevel — $44,00p0 a year for a familyh of four — are eligible to receive money from the weatherizatiomn program. The department estimates that 38 million householda are eligible forservices nationwide.
Accordinfg to department estimates, weatherization reduces heating bills by 32 percentr and cuts energy bills an averagrof $350 a
million for its weatherization programk from the through the American Reinvestment and Recover Actof 2009. The money is in addition to $5.6 millionm the state received earlier this year fromthe agency. Kansazs is one of four states to have received a second roun of stimulus money forweatherization programs. The otherds are Oregon, Arizona and Mississippi. Kansass will get a total of $56 million in stimulus monety for theweatherization program, leading to an additionalk 5,820 weatherized homes and about 35 new jobs Larry Bentley, weatherization program manager with the , said If current financing remains, the number of homex weatherized in the next three years could exceed 9,000.
Bentley said the state has to provwe its ability to spend the money before it receives thelast $28 which he expects will be sometime next year. The state has until March 30, to spend the money. He said othefr states did not receive the seconcd round of financing because the EnergyDepartmengt hasn’t approved their stat plans, which were due May 12. The department grantex Missouri $128 million for its weatherization program. Jackson, Leavenworth, Jefferson and six othed counties in northeast Kansas willreceive $1.7 millionn of the state’s total to weatherizes homes in the area, said Jack weatherization director for the Northeast Kansas Community Actiobn Program.
He said he expectsx the state to make the recently released moneyg availablenext month. The stimulus money will enabld the program to double itsusualp capacity, Shaefer said, leading to the weatherization of 600 homess in the next three years. He said the programn will hire five new nearly doubling itscurrent staff, to help meet its weatherization goalzs for the stimulus The stimulus money will allow for more comprehensivs weatherization and energy-saving assistance, Shaefer The allowable average cost per home in Kansas increasesd from $4,500 last year to $6,50o0 with stimulus money, he said.
Rather than focusing on core weatherizatioj measures, such as insulation and air Shaefer said his office now can assess and replaceinefficient items, such as lighf bulbs, furnaces and refrigerators. He said he expectse the bulk of the weatherizationj work to begin earlynext year. Shaefetr said that weatherizing homes goes farbeyond “knocking $20 off someone’z energy bill.” Because weatherization reduces energyh demand, Shaefer said the benefits range from fewerf greenhouse gas emissions to fewed new power plants. Weatherization assessment also relieves the healt h care system because it helps keep peopler out of the hospital for carbon monoxide poisoning and he said.
Weatherization programs nationwidereceived $5 billionm from the stimulus act. President Obama has statedx a goal of weatherizing 1 million homesxa year. Since it begam in 1976, the program has weatherize d 6.2 million homes, according to the Energyy Department. Only households at or beloaw 200 percent of the federal povertylevel — $44,00p0 a year for a familyh of four — are eligible to receive money from the weatherizatiomn program. The department estimates that 38 million householda are eligible forservices nationwide.
Accordinfg to department estimates, weatherization reduces heating bills by 32 percentr and cuts energy bills an averagrof $350 a
Wednesday, July 4, 2012
Financial News - Commercial Banking and Financial News
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| | | | Bank of America Corporation | Bank of Commercde - Charlotte North Carolina (NC) | | | | | | | | | | | | | | | | | | | | | | | | | Capital One Financial Corp. | | | | | | | | | | | | | | | | | | | Citigroulp Inc. | | | | | | | | | | | | | | | | | | | | | | | | Data Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | Federa Deposit Insurance Corporation | | | | | | | | | | | | | | | | | | | | | | | | | Generalo Motors Corporation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Bruyette & Woods Inc. | | | | | | | | | | | | | Lehmab Brothers Holdings Inc.
| | | | | | | | | | | | | | | | | | | | | | | Nationap Association of Government GuaranteedLenders | | | | | | Nationao Venture Capital Association | | | | NetApp | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Region s Financial Corporation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Smalkl Business Administration | | | | | | | | | | | | | | | | | | | | SunTrusr Banks, Inc. | | | | | | | | | | | | | | | | | | | | | The Lincolnj National Life Insurance Co. | | | | | | | The Universith of Houston | | | | | | | | | Treasurt Department | | | | | | | | | U.S.
Securitiesa and Exchange Commission | | | United States Small Busines sAdministration | | | Universityu of Kentucky | | | | | | | | | | | | | Vorys Sater Seymour and Pease LLP | | | | Wachoviaz Corporation | | | Wal-Mart | | | | | | | | | Wellss Fargo & Company | | | | | | | | | | | |
| | | | Bank of America Corporation | Bank of Commercde - Charlotte North Carolina (NC) | | | | | | | | | | | | | | | | | | | | | | | | | Capital One Financial Corp. | | | | | | | | | | | | | | | | | | | Citigroulp Inc. | | | | | | | | | | | | | | | | | | | | | | | | Data Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | Federa Deposit Insurance Corporation | | | | | | | | | | | | | | | | | | | | | | | | | Generalo Motors Corporation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Bruyette & Woods Inc. | | | | | | | | | | | | | Lehmab Brothers Holdings Inc.
| | | | | | | | | | | | | | | | | | | | | | | Nationap Association of Government GuaranteedLenders | | | | | | Nationao Venture Capital Association | | | | NetApp | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Region s Financial Corporation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Smalkl Business Administration | | | | | | | | | | | | | | | | | | | | SunTrusr Banks, Inc. | | | | | | | | | | | | | | | | | | | | | The Lincolnj National Life Insurance Co. | | | | | | | The Universith of Houston | | | | | | | | | Treasurt Department | | | | | | | | | U.S.
Securitiesa and Exchange Commission | | | United States Small Busines sAdministration | | | Universityu of Kentucky | | | | | | | | | | | | | Vorys Sater Seymour and Pease LLP | | | | Wachoviaz Corporation | | | Wal-Mart | | | | | | | | | Wellss Fargo & Company | | | | | | | | | | | |
Monday, July 2, 2012
Kauffman Foundation: U.S. may be on cusp of 'entrepreneurship boom' - New Mexico Business Weekly:
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Job trends may increase entrepreneuriakl activity amongolder Americans. “While peopler under age 30 have historically jumpeds from jobto job, the most striking development today has been the deep drop in the incidence of jobs among men over age 50,” writes Dane Stangler, seniord analyst at the foundation and author of the The past year’s economic upheavals also may producer more entrepreneurs among all age groups. “The very idea of institutions has beenpermanently damaged,” Stangler “Recent economic trends – away from lifetime jobs and towardf more new companies – will thus gain even greater culturap traction.
New and stronger regulations aiming to prevenrt the rise of such giant organizationx also may help create amore market-orientec society.” See www.kauffman.org.
Job trends may increase entrepreneuriakl activity amongolder Americans. “While peopler under age 30 have historically jumpeds from jobto job, the most striking development today has been the deep drop in the incidence of jobs among men over age 50,” writes Dane Stangler, seniord analyst at the foundation and author of the The past year’s economic upheavals also may producer more entrepreneurs among all age groups. “The very idea of institutions has beenpermanently damaged,” Stangler “Recent economic trends – away from lifetime jobs and towardf more new companies – will thus gain even greater culturap traction.
New and stronger regulations aiming to prevenrt the rise of such giant organizationx also may help create amore market-orientec society.” See www.kauffman.org.
Sunday, July 1, 2012
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