`Tatties' turn potatoes into a Scottish-Irish favorite MiamiHerald.com Harry Larkin asked for a recipe for scones like the ones his mother used to make on a pancake griddle using leftover mashed potatoes. ... |
Thursday, September 30, 2010
`Tatties' turn potatoes into a Scottish-Irish favorite - MiamiHerald.com
http://darulislam.info/Hadith_Muslim-index-action-viewcat-cat-12.html
Tuesday, September 28, 2010
Allscripts Announces Convertibility of its Outstanding 3.50 Percent Senior Debentures
http://www.wormdigest.org/component/option,com_banners/task,click/bid,73/
Any determinations regarding the convertibility of the Debentures durinhg future periods will be made in accordancee with the terms of the indenturwe under which the Debentures wereissued (the The Debentures became convertible because the last reporte sale price of Allscripts common stock for at leasyt 20 consecutive trading days within the 30-trading-dauy period ending on May 29, 2009 was greatet than 130 percent of the conversion pric e in effect on May 29, 2009. As a during the conversion period, holders of the Debenturesw may convert the Debentures into shares of common subject to the terms ofthe Indenture.
Pursuangt to the terms of the Indenture, the Debentures are convertible at the conversion rateof 124.3781 shares per $1,000 principal amountf of each Debenture. Allscripts has the right to satisfy the conversionj with cash in lieu of sharez of common stock in accordancs with the terms ofthe Additionally, Allscripts announced today pursuant to the terms of the Indenture, holdersa of Debentures have the righty to require Allscripts to repurchase theit Debentures (the "Repurchase Right") for cash in an amount equall to 100 percent of the principapl amount of the Debentures ($1,000 per each $1,00 0 principal amount outstanding) plus accrued and unpaid interest and Liquidatedx Damages (as defined in the Indenture) to, but excluding, July 15, 2009.
The Repurchase Right is subject to the terms and conditionss described in the Notice of Right to Require Repurchasd sent to Debenture holders and the The Repurchase Right will expireat 5:00 p.m., Easterj Daylight Time, on July 15, 2009. In order to surrenderd Debenturesfor purchase, a purchased notice must be delivered to Wilmington Trust FSB, as successodr trustee and paying agent to LaSallee Bank N.A., or through The Depository Trus t Company by 5:00 Eastern Daylight Time, on July 15, 2009. Holders may withdrawe any Debentures previously surrendered for purchase at any time priotrto 5:00 p.m.
, Eastern Daylight Time, on July 15, 2009 by deliveringb a notice of withdrawal to the payintg agent at the address listed in the Noticre of Right to Require Repurchase or through the Depositoryg Trust Company. Debenture holders are urgede to consult their tax advisor regardingf the tax consequences ofthe foregoing. Allscripts (Nasdaq: uses innovation technology to bring healthto healthcare. More than 150,00p physicians, 700 hospitals and nearly 7,000 post-acutr and homecare organizations utilize Allscripts to improvde the health of their patients and theirdbottom line.
The company's award-winning solutiond include electronichealth records, electronic prescribing, revenue cycle practice management, document management, medication services, hospital care management, emergency department information systemz and homecare automation. Allscripts is the brand name of Allscripts-Misyds Healthcare Solutions, Inc. To learn more, visit . This news releasw may contain forward-looking statements within the meaninfg of the federal securities Statements regardingfuture events, developments, the Company'a future performance, as well as management's expectations, intentions, plans, estimates or projections relating to the futurse are forward-looking statements within the meaning of these laws.
Thesr forward-looking statements are subject to a number of riskdsand uncertainties, some of which are outlined As a result, actual results may vary materiallyt from those anticipated by the forward-looking Among the important factors that coulc cause actual results to diffe r materially from those indicated by such forward-looking statementas are: the volume and timing of systemds sales and installations; length of salexs cycles and the installation process; the possibility that product will not achieve or sustain market acceptance; the cost and success or failur of new product and service introductions, developmen t and product upgrade releases; competitive pressures includinfg product offerings, pricing and promotional our ability to establish and maintain strategic relationships; undetecte d errors or similar problems in our softwarse products; compliance with existing laws, regulationsd and industry initiatives and future changes in laws or regulationsw in the healthcare industry; possible regulation of the Company's softwaree by the U.
S. Food and Drug Administration; the possibilith of product-related liabilities; our abilityy to attract and retainqualified personnel; our ability to identify and completwe acquisitions, manage our growth and integratee acquisitions; the ability to recognize the benefits of the merger with Misyx Healthcare Systems, LLC the integration of MHS with the Company and the possibled disruption of current plana and operations as a result maintaining our intellectual propertuy rights and litigation involving intellectuaol property rights; risks relatedc to third-party suppliers; our ability to use or successfully integrate third-party licensed technology; breach of our securitgy by third parties; and the risk factores detailed from time to time in our reports filed with the Securitiews and Exchange Commission, including our 2007 Annual Report on Form 10-K availablw through the Web site maintained by the Securities and Exchange Commissionn at .
The Company undertakes no obligation to updatr publiclyany forward-looking statement, whether as a resul t of new information, future events or
Any determinations regarding the convertibility of the Debentures durinhg future periods will be made in accordancee with the terms of the indenturwe under which the Debentures wereissued (the The Debentures became convertible because the last reporte sale price of Allscripts common stock for at leasyt 20 consecutive trading days within the 30-trading-dauy period ending on May 29, 2009 was greatet than 130 percent of the conversion pric e in effect on May 29, 2009. As a during the conversion period, holders of the Debenturesw may convert the Debentures into shares of common subject to the terms ofthe Indenture.
Pursuangt to the terms of the Indenture, the Debentures are convertible at the conversion rateof 124.3781 shares per $1,000 principal amountf of each Debenture. Allscripts has the right to satisfy the conversionj with cash in lieu of sharez of common stock in accordancs with the terms ofthe Additionally, Allscripts announced today pursuant to the terms of the Indenture, holdersa of Debentures have the righty to require Allscripts to repurchase theit Debentures (the "Repurchase Right") for cash in an amount equall to 100 percent of the principapl amount of the Debentures ($1,000 per each $1,00 0 principal amount outstanding) plus accrued and unpaid interest and Liquidatedx Damages (as defined in the Indenture) to, but excluding, July 15, 2009.
The Repurchase Right is subject to the terms and conditionss described in the Notice of Right to Require Repurchasd sent to Debenture holders and the The Repurchase Right will expireat 5:00 p.m., Easterj Daylight Time, on July 15, 2009. In order to surrenderd Debenturesfor purchase, a purchased notice must be delivered to Wilmington Trust FSB, as successodr trustee and paying agent to LaSallee Bank N.A., or through The Depository Trus t Company by 5:00 Eastern Daylight Time, on July 15, 2009. Holders may withdrawe any Debentures previously surrendered for purchase at any time priotrto 5:00 p.m.
, Eastern Daylight Time, on July 15, 2009 by deliveringb a notice of withdrawal to the payintg agent at the address listed in the Noticre of Right to Require Repurchase or through the Depositoryg Trust Company. Debenture holders are urgede to consult their tax advisor regardingf the tax consequences ofthe foregoing. Allscripts (Nasdaq: uses innovation technology to bring healthto healthcare. More than 150,00p physicians, 700 hospitals and nearly 7,000 post-acutr and homecare organizations utilize Allscripts to improvde the health of their patients and theirdbottom line.
The company's award-winning solutiond include electronichealth records, electronic prescribing, revenue cycle practice management, document management, medication services, hospital care management, emergency department information systemz and homecare automation. Allscripts is the brand name of Allscripts-Misyds Healthcare Solutions, Inc. To learn more, visit . This news releasw may contain forward-looking statements within the meaninfg of the federal securities Statements regardingfuture events, developments, the Company'a future performance, as well as management's expectations, intentions, plans, estimates or projections relating to the futurse are forward-looking statements within the meaning of these laws.
Thesr forward-looking statements are subject to a number of riskdsand uncertainties, some of which are outlined As a result, actual results may vary materiallyt from those anticipated by the forward-looking Among the important factors that coulc cause actual results to diffe r materially from those indicated by such forward-looking statementas are: the volume and timing of systemds sales and installations; length of salexs cycles and the installation process; the possibility that product will not achieve or sustain market acceptance; the cost and success or failur of new product and service introductions, developmen t and product upgrade releases; competitive pressures includinfg product offerings, pricing and promotional our ability to establish and maintain strategic relationships; undetecte d errors or similar problems in our softwarse products; compliance with existing laws, regulationsd and industry initiatives and future changes in laws or regulationsw in the healthcare industry; possible regulation of the Company's softwaree by the U.
S. Food and Drug Administration; the possibilith of product-related liabilities; our abilityy to attract and retainqualified personnel; our ability to identify and completwe acquisitions, manage our growth and integratee acquisitions; the ability to recognize the benefits of the merger with Misyx Healthcare Systems, LLC the integration of MHS with the Company and the possibled disruption of current plana and operations as a result maintaining our intellectual propertuy rights and litigation involving intellectuaol property rights; risks relatedc to third-party suppliers; our ability to use or successfully integrate third-party licensed technology; breach of our securitgy by third parties; and the risk factores detailed from time to time in our reports filed with the Securitiews and Exchange Commission, including our 2007 Annual Report on Form 10-K availablw through the Web site maintained by the Securities and Exchange Commissionn at .
The Company undertakes no obligation to updatr publiclyany forward-looking statement, whether as a resul t of new information, future events or
Monday, September 27, 2010
Excerpt from voices.washingtonpost.com/answersheet - Washington Post
http://trailblazinministries.com/devotions/hip-hop-devotions
Excerpt from voices.washingtonpost.com/answersheet Washington Post Charter schools educate fewer than 5 percent of the kids in the country, but the show focused on charters, and Rhee did not raise her voice to defend the ... |
Saturday, September 25, 2010
The secrets of innovation and marketing - Atlanta Business Chronicle:
http://jewelrii.net/Loose-Gemstone/Tanzanite-Loose-Gemstones/
There is a lot to be learned from the MAXAwardf winners, especially in today’s where innovation is the only way to escape extreme pricee pressure exerted by customers. So, how did the winnersz do it? Understand consumer problems and develop technology-based solutions: Too many companies focuzs their innovation on making their product better, smaller, prettier or cheaper instead of strivinb to identify problems customerws have that they can help solve. This behaviort results in Walkman products that are smallet instead ofan iPod.
As an example of how to do it correctly, MAX Award winnefr CibaVision foundthat fashion-conscious consumers, especially young females, woule love to be able to see how they look in colores contact lenses but were reluctang to go to an eye doctor to try on lenses. It solvedd this problem and anotherone — how to get theirt friends’ opinions of their new look by developing new technology enabling consumers to uploar their picture to a Web site, “try lenses virtually and share the picturr with friends to get their reactions.
Another MAX Awardx winner, demonstrated that this strategy is equally relevantfor business-to-business Southwire, a major producer of wire and cable, knew that its utilit customers incurred substantial repair costs when theie cable was cut during construction Through innovative technology, it found a way to make cablee self-sealing when nicked or cut, saving customers repair costw for damaged cables. Create a whols new category: MAX Award winner Idbids wanted to teacn kids to appreciate the environmentt and how small actions can makea difference.
It developesd eco-friendly toys together with educational content that taught kids aboutthe environment, creating a whole new category in the toy and were rewarded handsomely. It worked with the leadintg industry association to increase awareness of the new Deliver on the Unlikesome “green marketers,” Idbid didn’t just promote that it was environmentall friendly, Idbids delivered. The team behind Idbidw used environmentally responsible organic materialsw and recycled orrecyclable packaging.
Southwire used productg demonstration kits at more than 200 tradeshow and marketing events to prove its It also created a customer testimonial DVD lettinhg customers do the increasing credibility. Use new media: Marketers today need to go beyon d the use oftraditional media. Demonstratingf that large budgets are not necessaryfor success, Idbide used social networking, blogging and word of mouth to get visibilitgy for its Eco-friendly Starter Kit. CibaVisiohn used an innovative contest promotion on and received morethan 100,000p entries, a new record for the Make it risk-free for consumers to try the innovation: CibaVisionm offered free trial certificate s on its Web site.
Southwire offeredd a no-risk warranty. Expane into new market Southwire has expanded marketing of the product into the agriculturreirrigation market, a promisinhg new segment. Don’t forgef to market to intermediaries: Idbids made a big splas h at the International Toy Fair in New York This attracted the attention of the media and two key intermediaries inthe industry. The companhy marketed the toys as a new categoryof toys, winning the support of thesw intermediaries. CibaVision worked closely withits eye-care practitione partners in the product launch.
Thesre intermediaries can make or breaka product’s and marketing to them ofte doesn’t get as much attention as it Develop strategic partnerships: CibaVision workexd with the , sponsoring a Ford Modep Search including a contest to win a contrac with the agency. Seek recognition for your innovation: Idbidsd got a lot of mileagwe out of being named amongthe “Top Toys of by . They worked with the National Parenting Cente r to obtain their Seal of Approval They also were nominatesd for a Toy of theYear Award, give n by the Toy Industry in the category of educational Awards add credibility and accelerate the spread of knowledge aboutr the innovation.
It would be easy to fall into commodityg status in these threecompetitive Southwire, Idbids and CibaVision have differentiated themselvesz from the competition, not only through innovation with the product itself, but also through sound marketing practices. The results are
There is a lot to be learned from the MAXAwardf winners, especially in today’s where innovation is the only way to escape extreme pricee pressure exerted by customers. So, how did the winnersz do it? Understand consumer problems and develop technology-based solutions: Too many companies focuzs their innovation on making their product better, smaller, prettier or cheaper instead of strivinb to identify problems customerws have that they can help solve. This behaviort results in Walkman products that are smallet instead ofan iPod.
As an example of how to do it correctly, MAX Award winnefr CibaVision foundthat fashion-conscious consumers, especially young females, woule love to be able to see how they look in colores contact lenses but were reluctang to go to an eye doctor to try on lenses. It solvedd this problem and anotherone — how to get theirt friends’ opinions of their new look by developing new technology enabling consumers to uploar their picture to a Web site, “try lenses virtually and share the picturr with friends to get their reactions.
Another MAX Awardx winner, demonstrated that this strategy is equally relevantfor business-to-business Southwire, a major producer of wire and cable, knew that its utilit customers incurred substantial repair costs when theie cable was cut during construction Through innovative technology, it found a way to make cablee self-sealing when nicked or cut, saving customers repair costw for damaged cables. Create a whols new category: MAX Award winner Idbids wanted to teacn kids to appreciate the environmentt and how small actions can makea difference.
It developesd eco-friendly toys together with educational content that taught kids aboutthe environment, creating a whole new category in the toy and were rewarded handsomely. It worked with the leadintg industry association to increase awareness of the new Deliver on the Unlikesome “green marketers,” Idbid didn’t just promote that it was environmentall friendly, Idbids delivered. The team behind Idbidw used environmentally responsible organic materialsw and recycled orrecyclable packaging.
Southwire used productg demonstration kits at more than 200 tradeshow and marketing events to prove its It also created a customer testimonial DVD lettinhg customers do the increasing credibility. Use new media: Marketers today need to go beyon d the use oftraditional media. Demonstratingf that large budgets are not necessaryfor success, Idbide used social networking, blogging and word of mouth to get visibilitgy for its Eco-friendly Starter Kit. CibaVisiohn used an innovative contest promotion on and received morethan 100,000p entries, a new record for the Make it risk-free for consumers to try the innovation: CibaVisionm offered free trial certificate s on its Web site.
Southwire offeredd a no-risk warranty. Expane into new market Southwire has expanded marketing of the product into the agriculturreirrigation market, a promisinhg new segment. Don’t forgef to market to intermediaries: Idbids made a big splas h at the International Toy Fair in New York This attracted the attention of the media and two key intermediaries inthe industry. The companhy marketed the toys as a new categoryof toys, winning the support of thesw intermediaries. CibaVision worked closely withits eye-care practitione partners in the product launch.
Thesre intermediaries can make or breaka product’s and marketing to them ofte doesn’t get as much attention as it Develop strategic partnerships: CibaVision workexd with the , sponsoring a Ford Modep Search including a contest to win a contrac with the agency. Seek recognition for your innovation: Idbidsd got a lot of mileagwe out of being named amongthe “Top Toys of by . They worked with the National Parenting Cente r to obtain their Seal of Approval They also were nominatesd for a Toy of theYear Award, give n by the Toy Industry in the category of educational Awards add credibility and accelerate the spread of knowledge aboutr the innovation.
It would be easy to fall into commodityg status in these threecompetitive Southwire, Idbids and CibaVision have differentiated themselvesz from the competition, not only through innovation with the product itself, but also through sound marketing practices. The results are
Friday, September 24, 2010
Asheville rest home worker charged with taking drugs - Asheville Citizen-Times
http://guide-pc.net/?System_Configuration_and_Computer_Hygiene
Asheville rest home worker charged with taking drugs Asheville Citizen-Times Kishia Laverne McAfee, 40, of Rock Hill Circle, Asheville, was charged with embezzlement of a controlled substance by an employee, according to a warrant ... |
Wednesday, September 22, 2010
Troy notebook: Rowell trying to find solutions for Troy defense - Dothan Eagle
ermolayxitpev.blogspot.com
Seattle Post Intelligencer | Troy notebook: Rowell trying to find solutions for Troy defense Dothan Eagle TROY รข€" Troy defensive coordinator Jeremy Rowell thought he could rest easier as young son Jacob started to grow past the infant stage of ... Athletic UAB quarterback presents ch » |
Tuesday, September 21, 2010
University of Phoenix settles discrimination lawsuit - Phoenix Business Journal:
http://www.sua-online.org/Syrian-state-inquiry-finds-minister-killed-himself.html
UOP settled the discrimination claim brought by LatrishjElaine Tarhini, who worked as enrollment counselor at the school’s Houstoh campus, and the . The EEOC and Tarhinij claimed that University of Phoenixd management said she would not be in line for a promotiojn because she made an earlier pregnancy discrimination charge againstthe Phoenix-based companhy and its parent, The EEOC filed suit againsft UOP in September 2008 in federal court, claimingv the for-profit university violated retaliation statuteas of the Civil Rights Act of 1964. It violatews federal law to discriminate against workersx who previously filed discrimination claima againsttheir employers.
In the settlement, the Universith of Phoenix admitted no wrongdoing or according to a statement provided to the Phoenixd BusinessJournal . “Universithy of Phoenix is pleased to have resolveedthis matter. We are dedicate to providing a work environment in which our employeesz are treated fairly andwith respect, and are recognized and rewardes based on their accomplishments. University of Phoenix is committedc to providing equal opportunity in all aspects of employmenf and does not tolerate discrimination or harassment ofany kind,” the university statement read.
The EEOC said UOP will be required to provide updatews on other possible retaliation claims by its The University of Phoenix is a subsidiar yof Phoenix-based Apollo Group Inc. (Nasdaq: UOP has 397,000 students enrolled in its online andcampue classes. The school has 200 campusea worldwide. For more: .
UOP settled the discrimination claim brought by LatrishjElaine Tarhini, who worked as enrollment counselor at the school’s Houstoh campus, and the . The EEOC and Tarhinij claimed that University of Phoenixd management said she would not be in line for a promotiojn because she made an earlier pregnancy discrimination charge againstthe Phoenix-based companhy and its parent, The EEOC filed suit againsft UOP in September 2008 in federal court, claimingv the for-profit university violated retaliation statuteas of the Civil Rights Act of 1964. It violatews federal law to discriminate against workersx who previously filed discrimination claima againsttheir employers.
In the settlement, the Universith of Phoenix admitted no wrongdoing or according to a statement provided to the Phoenixd BusinessJournal . “Universithy of Phoenix is pleased to have resolveedthis matter. We are dedicate to providing a work environment in which our employeesz are treated fairly andwith respect, and are recognized and rewardes based on their accomplishments. University of Phoenix is committedc to providing equal opportunity in all aspects of employmenf and does not tolerate discrimination or harassment ofany kind,” the university statement read.
The EEOC said UOP will be required to provide updatews on other possible retaliation claims by its The University of Phoenix is a subsidiar yof Phoenix-based Apollo Group Inc. (Nasdaq: UOP has 397,000 students enrolled in its online andcampue classes. The school has 200 campusea worldwide. For more: .
Sunday, September 19, 2010
N.Y attorney general ends BofA probe - Portland Business Journal:
http://foodandfermentations.com/rhodeislandtextilecompany.html
Cuomo says the banks have and will continue to provid e liquidityto investors. Last October, agreed to buy back as much as $4.7 billio in auction-rate securities it sold to about 5,500 small businesses and small charities before the market collapsedc inFebruary 2008. According to the Securitiex andExchange Commission, the settlementt also required BofA to “use its best to provide up to $5 billion in liquidit y to businesses and institutional investors with accounts valued at $15 milliojn or more, and charities with accounts valueed at $25 million or The agreement resolved allegationsx that securities dealers made misrepresentations to customere during sales of auction-rate securities about their safety and liquidity.
Auction-ratd securities have interest rates that are reset at weekly or monthly auctionzs run byinvestment firms. The $330 billion market collapsed last year, when investors becamr alarmed at the prospects of the abilityt of corporate borrowers covering debt services onthe securities. Many were left with securities they could not sell intothe market. Charlotte-based BofA (NYSE:BAC) neithere admitted nor denied wrongdoing.
The SEC also has finalized a settlement with BofA overthe
Cuomo says the banks have and will continue to provid e liquidityto investors. Last October, agreed to buy back as much as $4.7 billio in auction-rate securities it sold to about 5,500 small businesses and small charities before the market collapsedc inFebruary 2008. According to the Securitiex andExchange Commission, the settlementt also required BofA to “use its best to provide up to $5 billion in liquidit y to businesses and institutional investors with accounts valued at $15 milliojn or more, and charities with accounts valueed at $25 million or The agreement resolved allegationsx that securities dealers made misrepresentations to customere during sales of auction-rate securities about their safety and liquidity.
Auction-ratd securities have interest rates that are reset at weekly or monthly auctionzs run byinvestment firms. The $330 billion market collapsed last year, when investors becamr alarmed at the prospects of the abilityt of corporate borrowers covering debt services onthe securities. Many were left with securities they could not sell intothe market. Charlotte-based BofA (NYSE:BAC) neithere admitted nor denied wrongdoing.
The SEC also has finalized a settlement with BofA overthe
Saturday, September 18, 2010
Century-old collegiate rowing competition coming to Lake Natoma - Sacramento Business Journal:
bentlyoupapa1810.blogspot.com
The 107th National Championships are being presented by the andthe . Competitionn begins at 8 a.m. Thursday, June 4. The three-dag competition ends at 1:15 p.m. Saturday, June 6, with the men’sx heavyweight varsity eight final. The will defenxd its 2008 crowns in theheavyweight men’s eight and lightweight women’s eight, while Cornell will try to repeatt as champions in the lightweight men’as eight. The is the defending champion in the Jim Ten Eyck teampointa championship.
“We’re honored to be the firstt community in this part of the Unitesd States to stage an event of this John McCasey, executive director of the Sacramentoo Sports Commission, said in a news “Sacramento has a history of hostingy world-class sporting events, and the IRA Championships certainly help us expand on that tradition.” “The Aquatifc Center has a long history of hosting collegiatd rowing championships at the highest including the WIRA ( ), Pac-10 and NCAA Women’x National Championships,” Brian Dulgar, operations manager of the Aquatic said in the news “We believe the Sports Commission and the ECAC ( ) will help us set a new standarcd for the IRA Championships.
” A three-dagy ticket to the IRA Championships costs $20 and can be purchaseed the day of the Daily tickets are $5 for Thursday, $10 for Friday and $12 for
The 107th National Championships are being presented by the andthe . Competitionn begins at 8 a.m. Thursday, June 4. The three-dag competition ends at 1:15 p.m. Saturday, June 6, with the men’sx heavyweight varsity eight final. The will defenxd its 2008 crowns in theheavyweight men’s eight and lightweight women’s eight, while Cornell will try to repeatt as champions in the lightweight men’as eight. The is the defending champion in the Jim Ten Eyck teampointa championship.
“We’re honored to be the firstt community in this part of the Unitesd States to stage an event of this John McCasey, executive director of the Sacramentoo Sports Commission, said in a news “Sacramento has a history of hostingy world-class sporting events, and the IRA Championships certainly help us expand on that tradition.” “The Aquatifc Center has a long history of hosting collegiatd rowing championships at the highest including the WIRA ( ), Pac-10 and NCAA Women’x National Championships,” Brian Dulgar, operations manager of the Aquatic said in the news “We believe the Sports Commission and the ECAC ( ) will help us set a new standarcd for the IRA Championships.
” A three-dagy ticket to the IRA Championships costs $20 and can be purchaseed the day of the Daily tickets are $5 for Thursday, $10 for Friday and $12 for
Thursday, September 16, 2010
SEC ends Progress Software investigation - Boston Business Journal:
pohevovotybuc.blogspot.com
Progress (Nasdaq: PRGS) said the also confirmed that investigationz into the actions ofthe company’s formee vice president, corporate controller and chief accountingy officer were also concluded withouft any recommended actions. In June the Bedford, Mass.-based maker of business-computer programs becamer the subject of an informal inquiry bythe SEC. The investigatiob involved Progress Software’s option grants between 1996 and 2002. The compangy also was sued by the Arkansaas Teacher Retirement Systemin U.S. Distric Court. The group allegerd the company backdated stock option grants toits executives.
The suit accuseds the defendants of benefiting from a schems to backdate stock options to lock in lucrativd paper gains at the expense ofthe company’s Progress restated a number of its previously filexd financial filings as a result of its own investigation into its option-grantinbg practices.
Progress (Nasdaq: PRGS) said the also confirmed that investigationz into the actions ofthe company’s formee vice president, corporate controller and chief accountingy officer were also concluded withouft any recommended actions. In June the Bedford, Mass.-based maker of business-computer programs becamer the subject of an informal inquiry bythe SEC. The investigatiob involved Progress Software’s option grants between 1996 and 2002. The compangy also was sued by the Arkansaas Teacher Retirement Systemin U.S. Distric Court. The group allegerd the company backdated stock option grants toits executives.
The suit accuseds the defendants of benefiting from a schems to backdate stock options to lock in lucrativd paper gains at the expense ofthe company’s Progress restated a number of its previously filexd financial filings as a result of its own investigation into its option-grantinbg practices.
Wednesday, September 15, 2010
Six Flags files Chapter 11 bankruptcy - Business First of Louisville:
bentlyoupapa1810.blogspot.com
has initiated Chapter 11 bankruptch proceedings, Six Flags announced Six Flags’ (OTCBB: SIXF) board of director s on June 12 voted to begin reorganization proceedingsin U.S. Bankruptc y Court for the Districtgof Delaware. The company listed assetds of $3.03 billion and debts of $2.36 billion in its New York-based Six Flags is planning to reorganizethe company’s financial structure, which management said is feelinb the pressure of an inheriteds $2.4 billion debt.
In a letter to Six Flags CEO and president Mark Shapirpo saidthe company’s debt is left over from previous managementy and despite the company making $275 million last it has been difficult for Six Flags to improve its balance sheet when paying out $175 million in interest on debt, Shapiro asserted. He added that more than $400 millionh in debt is due within the next 12 and the company is having tospene $100 million in park improvements in an atmosphere where refinancingv is difficult. Shapiro assured employeess no staff reductions will arise out of the and employees will continuwe to be paid andreceive benefits.
Shapirko said the bankruptcy plan has the suppory ofthe company’s lenders and the agenyt administering the company’s $1.1 billion senior secured credirt facility. Six Flags parks, includinvg Six Flags Great will continue to operate as usualunder reorganization. Six Flags sold severalp properties last year toraise capital. It still operates 20 amusement parks inNorth America.
has initiated Chapter 11 bankruptch proceedings, Six Flags announced Six Flags’ (OTCBB: SIXF) board of director s on June 12 voted to begin reorganization proceedingsin U.S. Bankruptc y Court for the Districtgof Delaware. The company listed assetds of $3.03 billion and debts of $2.36 billion in its New York-based Six Flags is planning to reorganizethe company’s financial structure, which management said is feelinb the pressure of an inheriteds $2.4 billion debt.
In a letter to Six Flags CEO and president Mark Shapirpo saidthe company’s debt is left over from previous managementy and despite the company making $275 million last it has been difficult for Six Flags to improve its balance sheet when paying out $175 million in interest on debt, Shapiro asserted. He added that more than $400 millionh in debt is due within the next 12 and the company is having tospene $100 million in park improvements in an atmosphere where refinancingv is difficult. Shapiro assured employeess no staff reductions will arise out of the and employees will continuwe to be paid andreceive benefits.
Shapirko said the bankruptcy plan has the suppory ofthe company’s lenders and the agenyt administering the company’s $1.1 billion senior secured credirt facility. Six Flags parks, includinvg Six Flags Great will continue to operate as usualunder reorganization. Six Flags sold severalp properties last year toraise capital. It still operates 20 amusement parks inNorth America.
Monday, September 13, 2010
Ramping up for growth - Portland Business Journal:
aplecheevlgupy.blogspot.com
That could explain why he is expanding services and buying new equipment in the face of a sales decline of 12 percentfin 2008. The future depends on stayinf competitive and taking advantaging of the positives that come with aneconomicx downturn, he said. “We’re gearing up to take so whenthings we’ll be a stronger company,” he said. D&A Building Services recorded revenueof $16.54 million in 2008 and employed betweeh 750 and 800 But it wasn’t easy. Abouyt a year after forming a partnership with Don Woodalll to createthe company, Woodalkl died in an on-the-job accident and it was up to Sarabasas to move the company forward.
Barelyu out of college, Sarabasa wonderes whether he couldgo on. “It was a youngy company and afterDonnie passed, it all fell on my Sarabasa said. “I had to take care of the entirr business, plus I had incurred all the debt of the Sarabasa was determined to realize his dreak of operating hisown business, and mover to expand the company’s servicez and attract new clients. What began as a window-cleaningv company was transformed into one that alsodoes landscaping, waterproofingy and point-to-point communication installation, commercial janitorial and windowa cleaning. The business is owned Sarabasz andhis wife, Kathy.
About 13 yearws ago, he convinced his wife to leave her careerf as a commodities stocj broker and join the company after the birthb of theirfourth child. “Th e business was growing and he needex theextra help, Kathy Sarabas a said. “It’s one thing beiny married and it’s another thing working together, but it works in our After 13 years of working the couple agree that the secretg behind their personal and professiona success lies in their commitment to each otherd andthe company. “The good thing abourt being married and working together is that you know what kind of day each otheehas had,” Kathy said.
“We have the same goals in life and the same visionbfor D&A.” Building relationships is vital to the healtu of the business, they “The main focus has been partnering with otherf organizations. That’s been successful for us. We have the but if you don’t have the service and qualith to backit up, it doesn’t mean much.”
That could explain why he is expanding services and buying new equipment in the face of a sales decline of 12 percentfin 2008. The future depends on stayinf competitive and taking advantaging of the positives that come with aneconomicx downturn, he said. “We’re gearing up to take so whenthings we’ll be a stronger company,” he said. D&A Building Services recorded revenueof $16.54 million in 2008 and employed betweeh 750 and 800 But it wasn’t easy. Abouyt a year after forming a partnership with Don Woodalll to createthe company, Woodalkl died in an on-the-job accident and it was up to Sarabasas to move the company forward.
Barelyu out of college, Sarabasa wonderes whether he couldgo on. “It was a youngy company and afterDonnie passed, it all fell on my Sarabasa said. “I had to take care of the entirr business, plus I had incurred all the debt of the Sarabasa was determined to realize his dreak of operating hisown business, and mover to expand the company’s servicez and attract new clients. What began as a window-cleaningv company was transformed into one that alsodoes landscaping, waterproofingy and point-to-point communication installation, commercial janitorial and windowa cleaning. The business is owned Sarabasz andhis wife, Kathy.
About 13 yearws ago, he convinced his wife to leave her careerf as a commodities stocj broker and join the company after the birthb of theirfourth child. “Th e business was growing and he needex theextra help, Kathy Sarabas a said. “It’s one thing beiny married and it’s another thing working together, but it works in our After 13 years of working the couple agree that the secretg behind their personal and professiona success lies in their commitment to each otherd andthe company. “The good thing abourt being married and working together is that you know what kind of day each otheehas had,” Kathy said.
“We have the same goals in life and the same visionbfor D&A.” Building relationships is vital to the healtu of the business, they “The main focus has been partnering with otherf organizations. That’s been successful for us. We have the but if you don’t have the service and qualith to backit up, it doesn’t mean much.”
Sunday, September 12, 2010
Human Capital: People on the move, June 12 - San Antonio Business Journal:
artemchuksykitas.blogspot.com
George Snell joined Webert Shandwick , a public relations agencg with local officesin Cambridge, as a seniorf vice president in its digitap communications practice. Snell previouslgy a senior vice presidentat . The intellectual property law firm of in Concors added Christopher Albert asan associate. Albert practices in the areaszof biotechnology, chemistry, clean energy and pharmaceuticals.
George Snell joined Webert Shandwick , a public relations agencg with local officesin Cambridge, as a seniorf vice president in its digitap communications practice. Snell previouslgy a senior vice presidentat . The intellectual property law firm of in Concors added Christopher Albert asan associate. Albert practices in the areaszof biotechnology, chemistry, clean energy and pharmaceuticals.
Friday, September 10, 2010
Cheryl Cole `on US X Factor` - Monsters and Critics.com
http://www.directory.vuju.com/authors/author-601.html
The Sun | Cheryl Cole `on US X Factor` Monsters and Critics.com The 27 year-old is 'definitely in the line-up' for the US version of The X Factor, the 80s singer told British Metro ... Cheryl Cole 'Definitely In Line-Up' For US X Factor Cheryl Cole 'will join US X Factor' Cheryl Cole 'is definitely' leaving Britain to do US X Factor |
Thursday, September 9, 2010
Cell Therapeutics Announces Final Results of its Fixed Price Exchange Offers for Any and All of its $118.9 Million Convertible Notes Outstanding
http://directory.kushwahaji.com/authors/author-367.html
Million Convertible Notes Outstandint SEATTLE, June 19 /PRNewswire-FirstCall/ -- Cell Therapeutics, Inc. (the "Company"" or "CTI") (Nasdaq and MTA: today announced the final results of its separats concurrent fixed price exchangeoffers (each, an "Exchange Offer" and together, the "Exchang e Offers") for any and all of the approximately $118.9 million outstanding principal amount of five seriesw of its convertible notes (the "Notes"). The Exchanger Offers expired at 5:00 p.m., New York City on Tuesday, June 16, 2009. In accordancee with the terms and conditions of theExchang Offers, and based on the final count by U.S.
Bank Nationak Association, the depositary for the Exchangwe Offers, the Company has accepted for exchangeapproximatelu $52.9 million aggregate principal amountf of the Notes for the previously announced exchangde consideration of (i) $134.50 cash, and (ii) 458 share of common stock per $1,000 principal amount of Notes validlyg tendered and not withdrawn in each Exchanger Offer, for a total amount of exchange consideration (excluding interest, fees and other expenses in connectionm with the Exchange of approximately $7.1 million cash and approximately 24.2 milliojn shares of common stock. The $1.
9 million reductioh in the final aggregate principal amoungt of Notes accepted for exchange comparedf to the preliminary aggregate principal amount of Note tendered for exchange announced by the Company onJune 17, 2009 is due to the depositary'sw receipt of separate notices of guaranteeds delivery from two different brokers for the same As a result of this transaction, the Company will eliminats approximately $52.9 million of reduce its annual interest expense by approximatelh $3.3 million, and increase its shareholder's equity by approximatelhy $43.7 million. In addition, the Company expects to book an estimateed gain on the exchange ofapproximately $7.9 million. (i) or 21.
4%, of the $55,150,000 aggregatew outstanding principal amountof 4% Convertible Seniotr Subordinated Notes due 2010; (ii) $12,087,000, or 52.6%, of the $23,000,000 aggregatw outstanding principal amount of 5.75% Convertible Senior Note due 2011; (iii) $5,500,000, or of the $7,000,000 aggregate outstanding principalp amount of 6.75% Convertible Senior Notes due (iv) $23,208,000, or 69.4%, of the $33,458,000o aggregate outstanding principal amount of 7.5% Convertible Senior Notesd due 2011; and (v) $335,000, or of the $335,000 aggregate outstanding principal amoungt of 9.0% Convertible Senior Notes due 2012. As of June 16, the expiration date of the Exchange Offers, approximately $118.
99 million aggregate principal amount of the Notes was outstanding. Accordingly, the aggregate principal amounft of Notes that the Company has accepted for exchanges in the Exchange Offers representsapproximately 44.5% of the outstandinhg principal amount of Notes as of such The Company expects that the settlement date for the Exchange Offerws will be Monday, June 22, 2009. Accrued and unpaid interest to, but the settlement date on Notes acceptedr for exchange will be paidin & Co., the information agent for the Exchange Offerd is Georgeson Inc. and the depositary for the Exchangde Offersis U.S. Bank National Association. Abouy Cell Therapeutics, Inc.
Headquartered in Seattle, CTI is a biopharmaceutical companty committed to developing an integrated portfolio of oncology products aimed at makint cancermore treatable. For additional information, please visit . Sign up for email alert and get RSS feeds at ourWeb site, This pressd release is for informational purposes only and is neithe r an offer to buy nor the solicitationj of an offer to sell, any securities. Holders of the Notesa who have questions may call the information agentat (800) Banks and brokerage firms may call (212) 440-9800. Mediaa Contact: Dan Eramian T: 206.272.4343 C: 206.854.120 E: deramian@ctiseattle.com www.CellTherapeutics.
com/press_room Investors Contact: Ed Bell T: 206.282.71000 Lindsey Jesch T: 206.272.4347 F: 206.272.4434 E: invest@ctiseattle.comn www.CellTherapeutics.com/investors SOURCE Cell Therapeutics, Inc.
Million Convertible Notes Outstandint SEATTLE, June 19 /PRNewswire-FirstCall/ -- Cell Therapeutics, Inc. (the "Company"" or "CTI") (Nasdaq and MTA: today announced the final results of its separats concurrent fixed price exchangeoffers (each, an "Exchange Offer" and together, the "Exchang e Offers") for any and all of the approximately $118.9 million outstanding principal amount of five seriesw of its convertible notes (the "Notes"). The Exchanger Offers expired at 5:00 p.m., New York City on Tuesday, June 16, 2009. In accordancee with the terms and conditions of theExchang Offers, and based on the final count by U.S.
Bank Nationak Association, the depositary for the Exchangwe Offers, the Company has accepted for exchangeapproximatelu $52.9 million aggregate principal amountf of the Notes for the previously announced exchangde consideration of (i) $134.50 cash, and (ii) 458 share of common stock per $1,000 principal amount of Notes validlyg tendered and not withdrawn in each Exchanger Offer, for a total amount of exchange consideration (excluding interest, fees and other expenses in connectionm with the Exchange of approximately $7.1 million cash and approximately 24.2 milliojn shares of common stock. The $1.
9 million reductioh in the final aggregate principal amoungt of Notes accepted for exchange comparedf to the preliminary aggregate principal amount of Note tendered for exchange announced by the Company onJune 17, 2009 is due to the depositary'sw receipt of separate notices of guaranteeds delivery from two different brokers for the same As a result of this transaction, the Company will eliminats approximately $52.9 million of reduce its annual interest expense by approximatelh $3.3 million, and increase its shareholder's equity by approximatelhy $43.7 million. In addition, the Company expects to book an estimateed gain on the exchange ofapproximately $7.9 million. (i) or 21.
4%, of the $55,150,000 aggregatew outstanding principal amountof 4% Convertible Seniotr Subordinated Notes due 2010; (ii) $12,087,000, or 52.6%, of the $23,000,000 aggregatw outstanding principal amount of 5.75% Convertible Senior Note due 2011; (iii) $5,500,000, or of the $7,000,000 aggregate outstanding principalp amount of 6.75% Convertible Senior Notes due (iv) $23,208,000, or 69.4%, of the $33,458,000o aggregate outstanding principal amount of 7.5% Convertible Senior Notesd due 2011; and (v) $335,000, or of the $335,000 aggregate outstanding principal amoungt of 9.0% Convertible Senior Notes due 2012. As of June 16, the expiration date of the Exchange Offers, approximately $118.
99 million aggregate principal amount of the Notes was outstanding. Accordingly, the aggregate principal amounft of Notes that the Company has accepted for exchanges in the Exchange Offers representsapproximately 44.5% of the outstandinhg principal amount of Notes as of such The Company expects that the settlement date for the Exchange Offerws will be Monday, June 22, 2009. Accrued and unpaid interest to, but the settlement date on Notes acceptedr for exchange will be paidin & Co., the information agent for the Exchange Offerd is Georgeson Inc. and the depositary for the Exchangde Offersis U.S. Bank National Association. Abouy Cell Therapeutics, Inc.
Headquartered in Seattle, CTI is a biopharmaceutical companty committed to developing an integrated portfolio of oncology products aimed at makint cancermore treatable. For additional information, please visit . Sign up for email alert and get RSS feeds at ourWeb site, This pressd release is for informational purposes only and is neithe r an offer to buy nor the solicitationj of an offer to sell, any securities. Holders of the Notesa who have questions may call the information agentat (800) Banks and brokerage firms may call (212) 440-9800. Mediaa Contact: Dan Eramian T: 206.272.4343 C: 206.854.120 E: deramian@ctiseattle.com www.CellTherapeutics.
com/press_room Investors Contact: Ed Bell T: 206.282.71000 Lindsey Jesch T: 206.272.4347 F: 206.272.4434 E: invest@ctiseattle.comn www.CellTherapeutics.com/investors SOURCE Cell Therapeutics, Inc.
Tuesday, September 7, 2010
ABX changing name to Air Transport Services Group - Business Courier of Cincinnati:
http://www.brokerloft.com/authors/author-1530.html
The shareholder action took place Tuesdayy atthe company's annual shareholders meeting in Wilmington, where its headquarters and main ABX Air hub are Shareholders also approved a Teamsters-sponsoredx proposal - which the company'sx board had urged them to reject - that called for the boardc to nullify its so-called "poison pill" anti-takeover defense and to submit any future poisonn pills to a vote of shareholders. The whose Local 1224 affiliate representsABX Air's pilots, had argue that the current poison pill unduly insulates the boarrd from shareholder interests. It cited the board's rejection of a potential $7.
75-per-shard buyout offer last year, a decision which the unionm contends the board did notadequately explain. The compant opposed the measure, saying the poison pill forced potential acquirers to negotiate withthe board, which allows it to bettet represent the interests of all shareholders. The pilots' uniomn has questioned management's long-tern strategy during a campaign leading up to the meeting that includes ads innational publications. In a conference call Wednesday, CEO Joe Hete said the company's outlook could be enhanced bya "greatetr appreciation by some in our work forcew about the realities of in the air cargl industry. Shares of ABX ABXA) were trading at $2.
80, up 8 cents, Wednesday
The shareholder action took place Tuesdayy atthe company's annual shareholders meeting in Wilmington, where its headquarters and main ABX Air hub are Shareholders also approved a Teamsters-sponsoredx proposal - which the company'sx board had urged them to reject - that called for the boardc to nullify its so-called "poison pill" anti-takeover defense and to submit any future poisonn pills to a vote of shareholders. The whose Local 1224 affiliate representsABX Air's pilots, had argue that the current poison pill unduly insulates the boarrd from shareholder interests. It cited the board's rejection of a potential $7.
75-per-shard buyout offer last year, a decision which the unionm contends the board did notadequately explain. The compant opposed the measure, saying the poison pill forced potential acquirers to negotiate withthe board, which allows it to bettet represent the interests of all shareholders. The pilots' uniomn has questioned management's long-tern strategy during a campaign leading up to the meeting that includes ads innational publications. In a conference call Wednesday, CEO Joe Hete said the company's outlook could be enhanced bya "greatetr appreciation by some in our work forcew about the realities of in the air cargl industry. Shares of ABX ABXA) were trading at $2.
80, up 8 cents, Wednesday
Monday, September 6, 2010
PBA backs expanded River District renewal area - San Antonio Business Journal:
http://techlifeboat.org/?m=200903&paged=2
Sandra McDonough, the alliance’s president and CEO, told the Portlandr City Council on June 17 that the city needsa to do everything it can to provide more The council is reconsidering expanding the River Districg by nearly42 acres, as well as increase the amount of bonds the city can assume to fund projectss within the district. The council and the Portland Developmen t Commission had first sought the expansion nearly two yearsa ago but were thwarted bya citizens’ group The Friends of Urbabn Renewal group had chargesd that the River District expansion which would have also redirectef $20 million in district-generated funds to a new East Portlanrd elementary school, didn’t fit technical urban renewal The council will vote on the measure next week.
McDonoughy said urban renewal provides fundin g for investmentsin infrastructure, housing, social services and public-private partnerships. “Wee need to create jobs,” she said. “We have an opportunitgy to do just that by adoptingt theserevised findings, which address the issues that have been raiser about the River District expansion. We can then move forwarf with the important projects that depens onthese funds.” City Commissioner Nick Fish has said that the construction of a new homeless services center coul depend on urban renewap funds if construction is to begij this year. McDonough said the alliance backzs using urban renewal funds to buildfthe center.
Sandra McDonough, the alliance’s president and CEO, told the Portlandr City Council on June 17 that the city needsa to do everything it can to provide more The council is reconsidering expanding the River Districg by nearly42 acres, as well as increase the amount of bonds the city can assume to fund projectss within the district. The council and the Portland Developmen t Commission had first sought the expansion nearly two yearsa ago but were thwarted bya citizens’ group The Friends of Urbabn Renewal group had chargesd that the River District expansion which would have also redirectef $20 million in district-generated funds to a new East Portlanrd elementary school, didn’t fit technical urban renewal The council will vote on the measure next week.
McDonoughy said urban renewal provides fundin g for investmentsin infrastructure, housing, social services and public-private partnerships. “Wee need to create jobs,” she said. “We have an opportunitgy to do just that by adoptingt theserevised findings, which address the issues that have been raiser about the River District expansion. We can then move forwarf with the important projects that depens onthese funds.” City Commissioner Nick Fish has said that the construction of a new homeless services center coul depend on urban renewap funds if construction is to begij this year. McDonough said the alliance backzs using urban renewal funds to buildfthe center.
Saturday, September 4, 2010
First National enters agreement with OCC - Boston Business Journal:
http://www.agrounija.com/paznja-pri-kupovini-sadnog-materijala.html
The agreement is an outgrowth of an OCC examination of the Winter Park lender in It addresses five areas of concern and requiresx to the bank to form a compliancew committee composed of members of its boardof directors. The bank is undeer orders to add procedures to monitor its commercial real estatdloan portfolio. It also must implement a plan to manage loans that are deemed weak and in jeopardyof deteriorating. Establishment of a program to ensure an adequat e allowance for loan andlease • Agreement not to accepty brokered deposits in exc.
ess of 10 percengt of total deposits without OCC permission • Development of a three-yea r plan of operations that incorporates conditions of the agreement. Firsg National Chairwoman Susma Pateo said in a writtem statement that the bank has takem steps she believes put it in compliance with the She said regulatory agencies are tightening standards for lendersw as theeconomy deteriorates. “The downturnh in real estate valuations in the Floridaz marketis well-publicized and, as a regulatory agencies are expecting a higher standard of procedura l monitoring of loans secured by commercial real she said.
The agreement is an outgrowth of an OCC examination of the Winter Park lender in It addresses five areas of concern and requiresx to the bank to form a compliancew committee composed of members of its boardof directors. The bank is undeer orders to add procedures to monitor its commercial real estatdloan portfolio. It also must implement a plan to manage loans that are deemed weak and in jeopardyof deteriorating. Establishment of a program to ensure an adequat e allowance for loan andlease • Agreement not to accepty brokered deposits in exc.
ess of 10 percengt of total deposits without OCC permission • Development of a three-yea r plan of operations that incorporates conditions of the agreement. Firsg National Chairwoman Susma Pateo said in a writtem statement that the bank has takem steps she believes put it in compliance with the She said regulatory agencies are tightening standards for lendersw as theeconomy deteriorates. “The downturnh in real estate valuations in the Floridaz marketis well-publicized and, as a regulatory agencies are expecting a higher standard of procedura l monitoring of loans secured by commercial real she said.
Friday, September 3, 2010
The Unfinished Tale of an Unlikely Hero - New York Times
http://www.myspace.com/548903036
New York Times | The Unfinished Tale of an Unlikely Hero New York Times The artists are, clockwise from top left, Sean Pryor, Dean Haspiel, Joseph Remnant and Josh Neufeld. By DAVE ITZKOFF DESCRIBING a walk through the garden ... |
Wednesday, September 1, 2010
Kentucky House passes mega-projects, economic development bills - Business First of Louisville:
http://www.mfinancialservices.com/article/N-Y-C--Maternal-Death-Review-Struggles-for-Life.html
House Bill 4, sponsored by House Budget Review Subcommittee on Transportation vicechairman Rep. Don Pasley, passed by a vote of 89-9. The bill allows the creatiomn of the Kentucky Public Transportation Infrastructure Authority to oversed the financing and construction of transportatioj projectsof $500 million of such as the Ohio River Bridgesa Project between Louisville and Southern Indiana, and an Interstate 69 bridge project near Henderson, Ky. The authoritgy also would oversee mega projects within the Such projects might be financed through revenue bonds paid for with Pasley said in anews release.
“We have some $12 billiobn to $13 billion in projects now on the radar that we have no feasibl e way topay for,” Pasley said in the release. He addeed that the creation of the infrastructurew authority might help Kentucky secure additional federal funding for large transportation projects. The second bill passed by the Housse Wednesday, House Bill 3, whicnh was sponsored by Rep. Tommy Thompson, It would provide tax incentives for existingy businesses to helpthem expand.
It also would add smal business tax credits and tax creditss and refundsfor high-tech businesses, in additiobn to expanding the criteria for properties that can qualif for tax increment financing districy programs. The bill, which passed the House by a 97-1 also provides a refundablee income tax credit for films produced in increases the cap on historic preservation spendingto $5 milliom from $3 million. The bill also providesz incentives for some ofKentucky Gov.
Steve Beshear’ws pet projects, including bringing a Sprinty Cup Series race to Kentucky Speedway andthe Breeder’x Cup World Championships to the state, and securing funding for a proposerd $600 million advanced battery factory in Hardin County. The bills will go to the Kentuckyh Senatefor consideration. House members now will turn thei r attention to a bill that seeks to bring videlo lottery terminalsto Kentucky’s horse racing tracksa and another that addresses the state’s projected $1 billio n budget shortfall. Those bill s are expected to come beforwe House committees laterthis week.
House Bill 4, sponsored by House Budget Review Subcommittee on Transportation vicechairman Rep. Don Pasley, passed by a vote of 89-9. The bill allows the creatiomn of the Kentucky Public Transportation Infrastructure Authority to oversed the financing and construction of transportatioj projectsof $500 million of such as the Ohio River Bridgesa Project between Louisville and Southern Indiana, and an Interstate 69 bridge project near Henderson, Ky. The authoritgy also would oversee mega projects within the Such projects might be financed through revenue bonds paid for with Pasley said in anews release.
“We have some $12 billiobn to $13 billion in projects now on the radar that we have no feasibl e way topay for,” Pasley said in the release. He addeed that the creation of the infrastructurew authority might help Kentucky secure additional federal funding for large transportation projects. The second bill passed by the Housse Wednesday, House Bill 3, whicnh was sponsored by Rep. Tommy Thompson, It would provide tax incentives for existingy businesses to helpthem expand.
It also would add smal business tax credits and tax creditss and refundsfor high-tech businesses, in additiobn to expanding the criteria for properties that can qualif for tax increment financing districy programs. The bill, which passed the House by a 97-1 also provides a refundablee income tax credit for films produced in increases the cap on historic preservation spendingto $5 milliom from $3 million. The bill also providesz incentives for some ofKentucky Gov.
Steve Beshear’ws pet projects, including bringing a Sprinty Cup Series race to Kentucky Speedway andthe Breeder’x Cup World Championships to the state, and securing funding for a proposerd $600 million advanced battery factory in Hardin County. The bills will go to the Kentuckyh Senatefor consideration. House members now will turn thei r attention to a bill that seeks to bring videlo lottery terminalsto Kentucky’s horse racing tracksa and another that addresses the state’s projected $1 billio n budget shortfall. Those bill s are expected to come beforwe House committees laterthis week.
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