Solar Array, Gen. Mills detail expansions - Business First of Buffalo:

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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacilityt here, Keith Bone, general manager of the localp facility, told members of . AED held its quarterlu meeting Thursdayat . Joe Hudgins, president and CEO of Solaf Array Ventures, outlined his company’ds plan to build a massive solare manufacturing plant onthe city’s Westside. Generapl Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60additional employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 million in spendingh to New Mexico.
The Albuquerque City Council approvedra $100 million industrial revenuew bond deal for the company in BE&K Corp. from North Carolinw landed the design/build contract to builf the expansion, but Bone said 80 percent of the firm’w spending and employees will be The precast panels being used in the construction are manufactured in General Mills has been in Albuquerquesince 1991. Its currenft facility is located near Paseo del Norte and Edith and has190 employees, with an annuakl payroll of $12 million, said Bone.
The 275,000-square-foot plantg produces about 135 million pounds annually of 35 different The facility also has alab on-site where the instructions for baking General Mills products at high altitudes are created. The company has givenj about $5 million to area nonprofits since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’a donations illustrate one of the things the organization lookz for in recruiting community involvement. Hudgins said Solar Arra plans to break ground by the thirdf quarter of this year ona 225,000-square-foot thin-film photovoltaicd manufacturing plant in the Cordero Mesa business park, west of the mattresw factory.
The company plane to add three more buildings of that size as it he said, with each facilitty employing about 225. Its annual payroll in the firsr phase wouldbe $14 million. About five percent of the jobs wouldepay $100,000, 45 percent would pay $70,000o and half of the jobs would pay The capital investment for the firsty phase will be $170 million and the company wouldr spend $40 million annually for raw materials. The firsft phase is expected to have a capacity of 75 but that would grow to 300 mw with thefull buildout. The planft also will have a space that will serve as a communityh andeducational center.
Solar Arrayt is seeking $175 million in industrial revenue bond fromBernalillo County. The company is workinvg to raise $210 million in debt and equity, Hudginss said. Hudgins said New Mexico beat out two otherd states forthe plant, despite the fact that it did not offe r the largest incentives. But the coordination amongt local and state government officials and othe parties made New Mexico far more efficient in establishingh a planning framework that the company coulds then use to plan a budget for the hesaid “That was a major issur for us,” Hudgins said.
He also praised the laborf force here and the educational The facility is being designed byPageSoutherlandPag LLP, which has Texas offices in Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman based in Portland, Ore., is building the

Traveling film project stops in ABQ - Denver Business Journal:

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The Two-week Turnaround Tour, or T3 as its creatorsw call it, will visiyt 14 cities in seven months. It’s part of a community of people wholove filmmaking. Founders Joshua J. Mills and Jamiw Blankenship roll into a city for two weeks in their RV with all their film equipmenr and proceedto write, shoot and screen a short film in just two But the process is so they invite widespread participation in each city they The Albuquerque kick-off is June 2 at Studiok Broadway, 1810 Broadway Ave. SE, at 7 p.m. More information is availabls at theT3 .
The process is open to anyone, from actor and script writers to people who want to feed the massesw duringthe two-week process or who have accesse to props or even a coffee shop. The subjecty of each film is different for each city and is inspirex by the resources and locationse available to theT3 team. The productiohn obtains local sponsors in each city so that the work is a reflectiohn of aparticular city.

U.S. job picture mostly dark - Portland Business Journal:

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According to ADP, U.S. companies cut an estimatex 532,000 workers from their payrolls last The report notes losses across all sizes and categoriesof businesses, with large-companty payrolls declining 100,000. Midsized businessesw shed 223,000 jobs, while small businesses cut 209,00p0 employees. The goods-producing sector lost 267,000 while the service-producing sector declined by 265,000 The report also revised upward its estimat of job cuts in Aprilto 545,00 from 491,000. Meanwhile, Challenger Gray & Christmas says employeras announced 111,182 planned job cuts last monthn — 16 percent fewer than the 132,5900 announced in April. But the May number was 7.
4 percent highere than the 103,522 job cuts announced for the same montu ayear ago. According to the Challengerf report, employers have announced 822,2823 job cuts so far this year. That’s more than double the 394,193 announced last year through May. While job cuts remainesd well abovelast year’s pace, May markedc the fourth consecutive month with a decline in job-cut announcements. Sinc e reaching a peak of 241,749 in January, job reductionzs have declined an averageof 17.5 perceng per month. Still, Chief Executive John Challenger remains cautious aboutr thejob market’s prospects. “This declined in job cuts couldbe short-lived,” he says.
“Thw second quarter is typically the lowestg quarter of the year when it comes to job Corporate downsizing may continue to remain slow durinbg thesummer months, but if the past is any indication, we couldf see the pace accelerate again in the latter half of the third quarter through the end of the year.” On Monday, The Institutw for Supply Management said its factory index rose to the highestr level since last September as new orderxs posted their first gain sincwe the recession began in December 2007. On the National Association of Realtors reported that pendinbg sales ofexisting homes, or contractse signed but not yet closed, rose 6.7 percent in April from March.
April’s pending salesx were up 3.2 percent from a year ADP (NASDAQ: ADP) markets technology outsourcingv services. The company is based in New Jersey. Gray & Christmas is an outsourcing consulting company basecin Chicago.

Orthopedic institute seeks $31 million in startup funds for composites research - Wichita Business Journal:

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Building the $10 million Center of Innovationn for Biomaterials in Orthopedifc Research is part of an effort to combinee aviationand medicine, two of Wichita’s largesgt economic drivers. Developing a medical composites industry as a complemengt to health care is part of a push todiversifg Wichita’s economy. “It’s an obvious way of diversifyin g composites and a way to counte the cyclical nature of theaircraft industry,” says Paul research director at Orthopedic Research.
Composites are made by blendinvg two different metals intoa lighter, stronger Wooley is trying to figure out how to mesh existing research on aerospace composites with some of his own to find a way to replacr human bones with composite materiala in certain instances, such as hip and knee replacements. That’w where the CIBOR facility fits in. Wooley has been workingt with Mike Good, director of researc h business operations withVia Christi, for more than a year to develo p the center. In May, they will ask the KBA for fundingb and, if approved, could be in a 37,000- to 47,000- square-footy facility within two years. It would employg 26 people to start.
Good says the facilityu could be built near theat . The KBA money woulcd not includeconstruction costs, which likely would be funderd through bonds. “We have founcd universal support and we are getting some positivw feedback fromthe KBA,” Good The facility is projected to create 2,60 jobs and have a $200 million annuap economic impact by its 10th according to a study by ’s Center for Economix Development and Business Research. Good says the businessd plan calls for CIBORbeint self-sustained by its sixth year of Orthopedic Research is working with on the Wooley isn’t sitting idle, waiting to find out whethef CIBOR will receive funding.
“The plans and the ability are alreadyin place,” Wooley “It’s just not all in the same location right Wooley conducts research at the St. Francis campus of the . The at WSU is involvede as well, says Tom Aldag, directo r of research and development. There, materialsz are tested for strength and Aldag says medical composites have the potential to be anotheer viable industryin Wichita, but the research isn’t yet “From the sounds of it there is not a lot of compositer expertise,” Aldag says.
Wooley and Good hope to change Wooley says there are some external medical suchas stretchers, operatinvg tables and braces that use composit e materials, but nothing that is fit for long-term use insid e the body. The ultimate he says, is to find a way to replacr metal or plastic prosthetics with composite materials that are biologicallhy compatible andlast longer.

The Song Continues: Jessye Norman Master Class - Carnegie Hall Blog (blog)

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The Song Continues: Jessye Norman Master Class Carnegie Hall Blog (blog) Jessye Norman has captivated audiences around the globe with her sumptuous voice and majestic presence. Now one of the most celebrated artists of our time takes the stage to share her wisdom with young singers in her master class.

Survey proves it takes courage to get behind the wheel in Boston - Boston Business Journal:

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The report from Concord, Mass.-basecd , which makes navigation systems and digital proclaimsthat Boston’s “driving personality” fell unde the category of the “courageouzs commuter.” TomTom’s survey analyzed the commuter behavior in seven major cities: Atlanta, Houston, Chicago, Los Angeles, Minneapolis and New York. Each city fit into one of threed categories, “diligent driver,” neutral and “courageous commuter.” The “courageous commuter” is described as bein much “bolder” than the former two drivedr categories who are described as mild driversby comparison. Bold is a nice way of puttintg it.
Bostonians are more likely than drivers in other Americab cities to hit the horn whencut off, accordinf to the survey. Boston drivers, “don’t fool arouns when it comes to they focus on theirmission — to get where they are goinvg efficiently and quickly!” New York and Chicago drivers ranked as “neutra l navigators” and Houston and Los Angeles driverws are “diligent,” according to the survey.

XAT 2013 tests analytical abilities with 91 Qs & new GK section - MBAUniverse.com

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XAT 2013 tests analytical abilities with 91 Qs & new GK section MBAUniverse.com According to MBAUniverse.com experts, the overall paper this year can be called as 'moderate to tough' and very analytical in nature. Also, the paper was lengthier than CAT. On Sunday, January 6, 2013, the Xavier Entrance Test (XAT) 2013 raised the ... and more »

Regions Bank gets control of Treasure Island Tennis & Yacht Club - Orlando Business Journal:

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Judge Caryl E. Delano of the ’s Middle Districgt of Florida, approved a plan Wednesday that woulde turn over the Treasure Islande Causeway clubto . Keys are expectefd to be turned over by the end of the day The changing of hand was part of a revised reorganization plan filed in Marchy by theTennis & Yacht Club following its Chapterr 11 bankruptcy. “The court’s ruling today provides a mechanism for a distinctt bank subsidiary to take total ownership of all club asset in a manner thatis faster, less expensivr and least intrusive to the operation” of the said John Anthony of , who represented Regionxs Bank in the bankruptcy, in a statement.
The takeovere will allow Regions Bank to market the 17 waterfront acres topotential buyers, Anthonyt said. When the Tennis & Yach t Club filed for bankruptcy, it reported assets and liabilitiesabetween $1 million and $10 million. The club’zs largest unsecured creditor last October was of Palmettoofor $13,502. However, the club owed Regions Bank as muchas $9.5 which owned the mortgage on the property. The club issuex taxable variable rate demand bonddsfor $6 million through Regions Bank in September 2005 to help financer construction on a new clubhouse, which was completed in early 2008. The club issued a second bond in March 2006for $1 milliojn and a third in April 2007 for $1.
8 Regions Bank provided letters of credit for both, accordinyg to court documents. The Tennis Yacht Club paid its principaol on the debt inOctober 2008, but its effortes to have Regions Bank restructurs the loan were unsuccessful, forcing the club into bankruptcy. Employeezs at the club are expected to remain on the payrolp duringthe transition, and scheduled activities — includinhg this weekend’s Fourth of July event will continue as planned, Anthony The Tennis & Yacht Club was founded in 1986 and as of its bankruptcgy filing had 450 members, accordinbg to court documents.

Citizens Financial, Royal Bank of Scotland post 1Q losses - Philadelphia Business Journal:

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Citizens Bank’s ultimate parent, , said Friday it sufferef a first-quarter loss of 857 million pounds ($1.29 billion) due to write-offs from the financial crisis that increased despite a jumpin revenues. The loss compare with a profit of 245 million pounds inthe year-earlier The main culprit for R.I.-based Citizens appears to have been impairmenrt losses, which continued to rise and were $684 millio compared with $394 million and $651 millio n in the first and fourthh quarters of 2008, respectively. Delinquencies were $2.8 or 2.61 percent of loans, compared with $2.4 billion at the end of 2008.
Non-interest income was down $82 million at $358 Activity in core retail banking was also subduede reflecting the difficult economic Direct expenses increasedby $83 million to $556 millio reflecting a number of items including increased Federal Depositg Insurance Corp. insurance costw ($35 million), mortgage servicin g rights amortization, higher pension costs and collection costs. Loans and advances were slightly downat $110.5r billion reflecting subdued customer demanx in some sectors. Deposiy trends improved in the quarter with depositsup $3.3 billioj at $97.6 billion compared with the end of 2008. Totapl assets were listed at $157.
i billion, down from $160 billion in firs t quarter 2008. Royal Bank of Scotland’s new CEO, Stephen Hester, warned that the pareny bank’s problems would most likely continuethrougyh 2010. RBS, which is now 70 percentt owned by theBritish government, took a charge of 2.86 billiob pounds against bad debts in the firs quarter on top of other writedowns of 797 million pound on credit default swaps and other investments. Combined with previously disclosed losses, total impairment lossee and credit market writedownswere 4.9 billiobn pounds. Impairment losses have growm to 1.3 percent of the bank's loan portfolio, up from 0.9 percent at the end of last year.
Hester said additional impairmentss of nearly 3 billion pounds were likelg in each of the nextthree quarters. RBS did experience a 26 percenft increasein revenue, spearheaded by a 131 percenty jump in income from its Global Bankingf and Markets division. The first-quarter loss followedc the bank's disastrous results last year, when it lost a British corporatw recordof 24.1 billiomn pounds.

Jazz breaking news: Charles Lloyd and Jan Garbarek perform at expansive ... - Jazzwise magazine

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Jazz breaking news: Charles Lloyd and Jan Garbarek perform at expansive ... Jazzwise magazine Renowned not just for its instantly recognisable sound aesthetic but for its cover art's use of photography, modern art and graphic design, iconic German label ECM has recently opened a wide ranging art exhibition in the Haus der Kunst, in Munich ...

Nonprofits brace for budget emergency aftershocks, IOUs - Houston Business Journal:

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While service providers don’t yet know whether they’lll receive IOUs — or what the amountzs will be — Sparky Harlan, CEO of the in Santza Clara, is prepared for the “We receive about $400,000 in stats funding,” Harlan said. “We’re already accustomed to getting money from the statselate — last year, for it took until December before we finallgy got paid.” For this year and last year the center has relied on a $150,000 line of creditt through to cover the gap, alongt with $500,000 out of its reserve The center’s operating budget is $10 million for fiscao 2009-10.
The money that may be on hold from thestatw covers, in part, the center’s shelter and drop-in program, streeyt outreach, and parenting classes. “Thew problem right now is thatwe don’t know for certainj how much they’re going to hold back,” said who has been with the center for 26 years. “Butf this is by far the worsf I’ve ever seen.” In anticipation of the state’s budget problems, 10 percent cuts have already been plannedfor foster-carse payments. Locally there are 300 to 400 kids infosted care.
Foster care rates are the same acrosssthe state, so families in high-cost areas such as the Bay Area get the same amountt of compensation as people in more affordable “We’re fronting half a million dollarsx already,” she said. It’s a layered problem for the center, since in addition to state money some comee from the federal Housing and Urban Development And Harlan said HUD is so slow it can take up to six monthsz for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harlanm said the Bill Wilson Center has closed down two programe already and cut about 15 percent of its leaving about110 employees. These are real she pointed out — not attritionm or open jobs — and “heartbreaking” to do. “We had to give one staff person a layoff notice and a week later his wife was laid off fromanotheer nonprofit,” she said. in Campbellp gets about $500,000 a year from the state for its AIDS CFO Ira Holtzman said the agency is large enough and financially stable enough that he woule just book an IOU as accounts receivable and hope the monety camethrough eventually.
The Health Trust’s budgert for fiscal year 2010 is morethan $16 million, Holtzmabn said. Pam Brandin, executive directotr of and Visually Impaired, which has offices in Palo Alto and Santa Cruz, said that even though her agency provides the kind of servicess that are especially at risk in Stat e Controller John Chiang’s plan, the Vistza Center is relatively safe. “Wwe receive money through Title 7 Chapter 2 Brandin explained. “Since much of our fundinfg is federalmoney we’re hopingv that it has to be releaserd and passed on; the state won’t be allowex to hold on to The Vista Center also has schoolp contracts through special education funding.
“Last year when the statew had similar budget issueswe didn’r receive any IOUs,” she said, “buft that situation was resolved sooner than this appeard to be. The agencies that receive IOUs probably won’t even know they’re coming until they submit their bills.” She’s also banking on Vistaq Center’s status as a preferred vendor with the “so we’ll be paid in advanc e of other vendors — if in fact the state is even writinfg checks.” Lisa Hendrickson, presidentf & CEO of Avenidas Rose Kleiner Senio r Day Health Center in Palo is also cautiously optimistic.
“The only fundws we receive from the state are MediCalp payments for services provided at our adultydaycare center,” she “Our understanding is that thos e services are protected by the state constitutio as well as federal law. We do receivwe funding indirectly through the butwe don’t expect that to be Tom Kinoshita, public policy director of the , said peoples are on pins and “Everyone’s sitting around waiting, not knowing what’s going to happen. But even with the most optimistivcoutcome it’s still going to be very ugly.
” He pointed out that the deficig last year for Santa Clara County was more than $270 and many of the cuts were made in programs aroune health, mental health, drugs and alcohol and social And there’s no relief on the horizon: For 2011 the county is looking at a deficit of about $250 million, he

Research and Markets: 2013 US Automobile & Motor Vehicle Mfg. Industry ... - Fort Mills Times

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Research and Markets: 2013 US Automobile & Motor Vehicle Mfg. Industry ... Fort Mills Times The 2013 U.S. Automobile & Motor Vehicle Mfg. Industry-Capital & Expenses Report, published annu »