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Stratus is behind in filing its financiao reports because of past accountinfg errors the company is attempting to The delay in filings thoughh breaks with Nasdaq rules and the company has been unable to meet deadlines for the plan it submitteed toregain compliance. Stratus (Nasdaq: STRS) received a lettetr from the Nasdaq on May 15 saying it is subject to delistiny based on its delinquentfinancial reports. Stratus said Thursday it is working diligentl to complete the preparation of its annual report for 2008 and its quarterlyg report for the threed months that endedMarch 31.
Companyg officials say they intend to request a hearingy before a Nasdaq Hearings Panel no later than May 22 askingv for an extension to allow it time to complete and fileits Stratus’ request for a hearing will automatically suspend the delistingf of its stock for 15 calendar days from the deadlinse to request a hearing, or until June 8. But the companyu also intends to request a furthefr stay on the delisting pendingthe panel’as decision. Hearings are typically held within 30 to 45 calendarr days fromthe request. Stratus' shares were trading at arounsd $7.10 on Thursday, down nearly 6 percent from Wednesday's closin price. The stock has traded in the rangewof $4.52 to $30.
75 over the last 52 weeks. Austin-based Stratus is a real estatew acquisition, management and development company. It's currentl steering the development ofthe downtown.
Thursday, January 31, 2013
Saturday, January 26, 2013
Apple may drop into Catawba County - Business First of Buffalo:
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The Apple center would creatre 50 jobs and representNorth Carolina’s second-largesrt incentive package ever. Huge server farms are already on the want saysScott Millar, president. “They’ve been a targett of ours for four Several data center projects are consideringthe county, he says. The primaryt site that interests Apple isthe 180-acrre Catawba Data Park, a greenfieldc project planned along U.S. Highwayg 321 near Newton, sources say. Ther e Apple would get its preference for a campus setting with otherfdata centers. Perdue says Apple will buile in North Carolina butshe didn’tt announce a specific site.
“We welcome Applr to North Carolina and look forwarfd to working with the company as it begins providing a significanf economic boost to local communities and the Apple spokeswoman Susan Lundgren says construction in North Carolina willbeginh soon. “We are getting startef right away to acquirea site.” The announcement come s after Perdue signed Senate Bill 575, which modifiesx the method by which capital-intensive businesses calculate corporatde income tax liability in North Carolina. The N.C.
incentivesz would rebate $46 million to Apple over the next 10 If the center operated for30 years, the price tag of the inducement would zoom to $300 million, accordin g to a legislative analysis. Apple has hired of Atlanta, an offshooft of that developsdata centers. T5 triecd to interest Apple inthe 215,000-square-foot former Chris-Craft facility in Kings Mountain. Millaf deflected questions about Apple. “If there were a user on the I would becalling you,” he Apple needs the East Coast site for its server farm to handl e growth in its iTunes online Its last significant data center, a $50 millionn facility, opened in Newark, Calif., in 2006.
The Apple center would creatre 50 jobs and representNorth Carolina’s second-largesrt incentive package ever. Huge server farms are already on the want saysScott Millar, president. “They’ve been a targett of ours for four Several data center projects are consideringthe county, he says. The primaryt site that interests Apple isthe 180-acrre Catawba Data Park, a greenfieldc project planned along U.S. Highwayg 321 near Newton, sources say. Ther e Apple would get its preference for a campus setting with otherfdata centers. Perdue says Apple will buile in North Carolina butshe didn’tt announce a specific site.
“We welcome Applr to North Carolina and look forwarfd to working with the company as it begins providing a significanf economic boost to local communities and the Apple spokeswoman Susan Lundgren says construction in North Carolina willbeginh soon. “We are getting startef right away to acquirea site.” The announcement come s after Perdue signed Senate Bill 575, which modifiesx the method by which capital-intensive businesses calculate corporatde income tax liability in North Carolina. The N.C.
incentivesz would rebate $46 million to Apple over the next 10 If the center operated for30 years, the price tag of the inducement would zoom to $300 million, accordin g to a legislative analysis. Apple has hired of Atlanta, an offshooft of that developsdata centers. T5 triecd to interest Apple inthe 215,000-square-foot former Chris-Craft facility in Kings Mountain. Millaf deflected questions about Apple. “If there were a user on the I would becalling you,” he Apple needs the East Coast site for its server farm to handl e growth in its iTunes online Its last significant data center, a $50 millionn facility, opened in Newark, Calif., in 2006.
Monday, January 21, 2013
Progress Energy seeks small rate decrease - Triangle Business Journal:
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The proposal also asks regulators to adjust otherd components of the rate toreflect energy-efficiency programs and other renewabled energy resources. Under the proposal, a typical Progress household thatuses 1,00o kilowatt hours a month would see the totalp bill drop 10 cents $106.78 to $106.68. North Carolina utilities are permittefd a fuel charge oncustomer bills, which is a way for the to recover the cost of the fuel for its Utilities do not profit from the charge. Raleigh-based Progres says it asking the North Carolina Utilitg Commission to lower the fuel charge becauser global energy prices have stabilized from record highz ofrecent years.
According to the proposal, a househols using 1,000 kWh a month woulf see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19 another But the renewable energy portion of the bill will rise by 26 That increase pays for solar and biofuelk contracts that Progress has signed to comply witha state- mandated renewable energy target. If approved, the new rates will take effecf Dec. 1. Progress (NYSE: PGN) servesz 1.
25 million customers in North
The proposal also asks regulators to adjust otherd components of the rate toreflect energy-efficiency programs and other renewabled energy resources. Under the proposal, a typical Progress household thatuses 1,00o kilowatt hours a month would see the totalp bill drop 10 cents $106.78 to $106.68. North Carolina utilities are permittefd a fuel charge oncustomer bills, which is a way for the to recover the cost of the fuel for its Utilities do not profit from the charge. Raleigh-based Progres says it asking the North Carolina Utilitg Commission to lower the fuel charge becauser global energy prices have stabilized from record highz ofrecent years.
According to the proposal, a househols using 1,000 kWh a month woulf see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19 another But the renewable energy portion of the bill will rise by 26 That increase pays for solar and biofuelk contracts that Progress has signed to comply witha state- mandated renewable energy target. If approved, the new rates will take effecf Dec. 1. Progress (NYSE: PGN) servesz 1.
25 million customers in North
Saturday, January 12, 2013
Reports: Nacional No Longer In For Carlos Valdes - Brotherly Game (blog)
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Reports: Nacional No Longer In For Carlos Valdes Brotherly Game (blog) The Philadelphia Union captain's options for a possible loan move to a team in Copa Libertadores took another hit after Nacional, like Boca, signed a different defender (Boca brought in Chiqui Pérez). Nacional was able to sign fellow Colombian defender ... |
Thursday, January 10, 2013
Keynote to Announce Fiscal First Quarter 2013 Financial Results on January 29th - DailyFinance
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Keynote to Announce Fiscal First Quarter 2013 Financial Results on January 29th DailyFinance SAN MATEO, Calif.--(BUSINESS WIRE)-- Keynote Systems (NAS: KEYN) , the global leader in Internet and mobile cloud testing & monitoring, intends to report its fiscal first quarter 2013 financial results for the period ended December 31, 2012 after the ... |
Wednesday, January 9, 2013
AMP-Ohio
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AMP-Ohio was cleared to receives a $30 million bridge loan to help fund constructiobn ofa $3 billion generating stationj in Meigs County. Construction on the coal-fired plant, which has clinched an OK from the and key approvala from thestate , is set for latedr this year. The company said in a statementy that it considers the state stimulus loan a major factodr in breaking groundon AMP-Ohio said the project will employ abouty 1,600 during a more than four-year construction proceses and about 160 when operational.
Strickland in a statement on Tuesday saidthe AMP-Ohio project and a facility in Perrysburb in line for a $10 millio n loan are “great examples of how investing in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohio project will be has been a poin of contention between the nonprofit wholesale powed supplier and opponents. The project has drawjn fire amid worries that it would releasw air pollutantsand won’t emploh the latest clean-coal technology. But company executives have arguedc that the plant will use emission controlzs that will make it among the cleanest facilitie s ofits kind.
The Power Siting Board, which reviewsw requests for large electric and natural gas facilities in the struck an agreement late last yearwith AMP-Ohilo and the state attorney general’s office over environmentalk and economic concerns about the The loans to AMP-Ohio and Willarxd & Kelsey are part of $150 million headed to companiex around the state through the job-creation stimulud package signed last June. Of that, $84 milliohn is headed to non-coal technologyy projects while $66 millio n is earmarked for so-called clean-coal projects.
AMP-Ohio was cleared to receives a $30 million bridge loan to help fund constructiobn ofa $3 billion generating stationj in Meigs County. Construction on the coal-fired plant, which has clinched an OK from the and key approvala from thestate , is set for latedr this year. The company said in a statementy that it considers the state stimulus loan a major factodr in breaking groundon AMP-Ohio said the project will employ abouty 1,600 during a more than four-year construction proceses and about 160 when operational.
Strickland in a statement on Tuesday saidthe AMP-Ohio project and a facility in Perrysburb in line for a $10 millio n loan are “great examples of how investing in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohio project will be has been a poin of contention between the nonprofit wholesale powed supplier and opponents. The project has drawjn fire amid worries that it would releasw air pollutantsand won’t emploh the latest clean-coal technology. But company executives have arguedc that the plant will use emission controlzs that will make it among the cleanest facilitie s ofits kind.
The Power Siting Board, which reviewsw requests for large electric and natural gas facilities in the struck an agreement late last yearwith AMP-Ohilo and the state attorney general’s office over environmentalk and economic concerns about the The loans to AMP-Ohio and Willarxd & Kelsey are part of $150 million headed to companiex around the state through the job-creation stimulud package signed last June. Of that, $84 milliohn is headed to non-coal technologyy projects while $66 millio n is earmarked for so-called clean-coal projects.
Tuesday, January 8, 2013
San Francisco Business Times:
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Cooley Godward Kronish LLP hired Manuel Fishman as a partnerr in its real estatepractice group. Fishman was a partnerf in the San Francisco office of Stoel Rives prior tojoiningf Cooley. The San Francisco office of Ropes Gray promoted Geoffrey Leonard to managing Leonard represents emerging growth and establishedtechnologu companies, including life sciences, in the areas of securitie s and finance, venture capital, and mergers and acquisitions. Carroll, Burdicl & McDonough LLP, which has officezs in San Francisco and Walnut elected David Rice as firmwidrmanaging partner.
Rice has been with Carroll, Burdicl for more than 15 years and previously headedthe firm’s appellate practice group. The East Palo Alto offic e of Greenberg Traurig LLPhirex H. Michael Huynh as an associate in the taxpracticr group. Previously, Huynh worked in the Internao Revenue Service’s office of chief counsel in Washington, D.C. The Palo Alto officr of Foley & Lardner LLP hirede Thomas Gosselin as a membefr of its litigation department and thelaborf & employment practice. Gosselin was a founder and partnef atPahl & Gosselin prior to joiningv Foley.
Cooley Godward Kronish LLP hired Manuel Fishman as a partnerr in its real estatepractice group. Fishman was a partnerf in the San Francisco office of Stoel Rives prior tojoiningf Cooley. The San Francisco office of Ropes Gray promoted Geoffrey Leonard to managing Leonard represents emerging growth and establishedtechnologu companies, including life sciences, in the areas of securitie s and finance, venture capital, and mergers and acquisitions. Carroll, Burdicl & McDonough LLP, which has officezs in San Francisco and Walnut elected David Rice as firmwidrmanaging partner.
Rice has been with Carroll, Burdicl for more than 15 years and previously headedthe firm’s appellate practice group. The East Palo Alto offic e of Greenberg Traurig LLPhirex H. Michael Huynh as an associate in the taxpracticr group. Previously, Huynh worked in the Internao Revenue Service’s office of chief counsel in Washington, D.C. The Palo Alto officr of Foley & Lardner LLP hirede Thomas Gosselin as a membefr of its litigation department and thelaborf & employment practice. Gosselin was a founder and partnef atPahl & Gosselin prior to joiningv Foley.
Sunday, January 6, 2013
Riches in niches: US cops, in-flight movies may be model for Panasonic survival - Yahoo! News (blog)
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Yahoo! News (blog) | Riches in niches: US cops, in-flight movies may be model for Panasonic survival Yahoo! News (blog) Reuters/Reuters - Panasonic Toughpad (L) and handheld Toughbook model are displayed at the company's IT products headquarters in Moriguchi, western Japan December 7, 2012. Panasonic Corp's answer to the brutal …more onslaught on its TV s ales ... |
Saturday, January 5, 2013
House keeps cork in wine bill - Houston Business Journal:
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Senate Bill 2523, authored by Sen. Tommh Williams R-The Woodlands, quietly cleared the Texas Senate late last montubut isn’t expected to advance. The session ends June 1. The bill has proveb controversial within therestaurant industry. Rep. Edmonds Kuempel, R-Seguin, the bill’s sponsor in the House, suffered a massiv heart attack the day the bill was slated for vote in the Housrin mid-May. Kuempel is recuperating, but supporters don’ty expect the bill will make it out of committee in the wanin days ofthe session. Jerry Lascio is ready for the bill tobe dead.
The ownef of , with locationss in Houston and considered the measure an inappropriat e intrusion into his business judgment and a threart tohis wine-centric business “We sell retail as well, so our pricingh is based on retail pricing,” Lasco said. “Foer our business to survive, our pricess have to be competitive, and we have to do a largd volume” of wine sales. Lasco believes restaurants should have the option of allowingf or not allowing patrons to bring in theifrown wine.
Under the restaurants would have been allowed to chargee a corkage fee for opening and servintgthe wine, but the consumer could take what’ s left after meal The bill did not include beer or other alcoholicc beverages.
Senate Bill 2523, authored by Sen. Tommh Williams R-The Woodlands, quietly cleared the Texas Senate late last montubut isn’t expected to advance. The session ends June 1. The bill has proveb controversial within therestaurant industry. Rep. Edmonds Kuempel, R-Seguin, the bill’s sponsor in the House, suffered a massiv heart attack the day the bill was slated for vote in the Housrin mid-May. Kuempel is recuperating, but supporters don’ty expect the bill will make it out of committee in the wanin days ofthe session. Jerry Lascio is ready for the bill tobe dead.
The ownef of , with locationss in Houston and considered the measure an inappropriat e intrusion into his business judgment and a threart tohis wine-centric business “We sell retail as well, so our pricingh is based on retail pricing,” Lasco said. “Foer our business to survive, our pricess have to be competitive, and we have to do a largd volume” of wine sales. Lasco believes restaurants should have the option of allowingf or not allowing patrons to bring in theifrown wine.
Under the restaurants would have been allowed to chargee a corkage fee for opening and servintgthe wine, but the consumer could take what’ s left after meal The bill did not include beer or other alcoholicc beverages.
Friday, January 4, 2013
Mineola Orders Encroaching Bruce Terrace Residents to Vacate - Patch.com
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Mineola Orders Encroaching Bruce Terrace Residents to Vacate Patch.com Mineola residents on Bruce Terrace are being ordered to vacate properties, not due to seizure by eminent domain, but because they have allegedly encroached onto village-owned property. The land in question is located east of Bruce Terrace and north of ... |
Wednesday, January 2, 2013
Sales of imported ros wines leap 42 percent - St. Louis Business Journal:
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U.S. retail sales of importee rosé wines leapt 42 percent in the 52 week periord endingApril 4, compared with a less-than-5-percent increases in totap sales of table winesa during the same period, according to data citedx by the . The French wine known in France as Conseil Interprofessionnel des Vins de Provence or said Monday the steep risein rosé consumption is consistent with an earlier study by International Wine Spirit Record predicting that consumption of the popula r pinkish wines worldwide will jump from 565 million bottleds to 620 million by 2012. Not the CIVP expects the growing thirst for imported wines inthe U.S.
market will bode well for France, particularlty its Provence wine region. The Frencuh produce 28 percent ofworldwide rosé wines by making it the leader in the category, accordingf to the wine counsel, whicn represents 700 Provence wineries and 55 locap trading companies. Provence produces 38 percent of France’d rosés, the group reported. Separately, Nielsen figures revealed that2008 U.S. sales of rosé table wines pricesd at $6 per bottle or more jumper 24.9 percent by price and 22.4 percenty by volume, despite a weakening economy.
U.S. retail sales of importee rosé wines leapt 42 percent in the 52 week periord endingApril 4, compared with a less-than-5-percent increases in totap sales of table winesa during the same period, according to data citedx by the . The French wine known in France as Conseil Interprofessionnel des Vins de Provence or said Monday the steep risein rosé consumption is consistent with an earlier study by International Wine Spirit Record predicting that consumption of the popula r pinkish wines worldwide will jump from 565 million bottleds to 620 million by 2012. Not the CIVP expects the growing thirst for imported wines inthe U.S.
market will bode well for France, particularlty its Provence wine region. The Frencuh produce 28 percent ofworldwide rosé wines by making it the leader in the category, accordingf to the wine counsel, whicn represents 700 Provence wineries and 55 locap trading companies. Provence produces 38 percent of France’d rosés, the group reported. Separately, Nielsen figures revealed that2008 U.S. sales of rosé table wines pricesd at $6 per bottle or more jumper 24.9 percent by price and 22.4 percenty by volume, despite a weakening economy.
Tuesday, January 1, 2013
DPL agrees to limited rate increases until 2012 - Phoenix Business Journal:
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The state, along with DP&L and the came to an agreement this week followinhg a proposal submitted backin Febrary. DP&L, which is a unit of DPL), will have its base distributiohn rates frozenthrough 2012. Under the agreement, the localp power company will continue its current rate plan untip 2012 and add energy efficiency and renewable energy to its electric The programs will work to provide residential customers with tool s to lowertheir usage.
“We are pleased that the PUCO has formallt approved our ESP agreement as developed and supported by a diverswe group of customer saidPaul Barbas, DPL president and chief executivew officer, in a news As the result of the settlement, and previously approvecd environmental cost recovery, DP&L said residentialo customers with an average use of 750 kWh per month will experiencre an approximate 1.8 percent increase in 2009, 2.7 percent increased in 2010, a slight decrease in 2011, and less than a 1 percentg increase in 2012. The Ohio Consumer’s Counsel said it was pleased with theapprovee settlement.
“With a continuing recession and household budgetssstretched thin, the approval of the rate plan agreement puts into place limits to rate increases, provides energy efficiency measures and helps ensure that DP&L will do its fair share to supporf and utilize renewable energy resources,” said Janinse Migden-Ostrander, of the consumers’ DP&L also said it would develop an advancedc metering infrastructure and smart grid proposap by Sept. 1. The (PUCO) will revieq DP&L’s plans in the fourth quartee of 2009.
If approved, smarft grid improvements would provide better electricx service reliability and give customers the optioj to manage their usage basex upon the price of electricity at different times ofthe day. The originapl smart grid proposalfrom DP&L more than doubled the typical costs of these improvements and faileds to incorporate hundreds of millionsd of dollars in customer benefits that help offsetg these costs.
• An energy efficiency work group to develol and implement energy efficiency programs for Such programs would include rebates for purchasing Energy Star appliancexs and discounts forweatherizing homes; and • Development of a renewabl e energy certificate program that would pay residential consumers a fee for customer-sited renewable energy, such as solae panels or wind turbines.
The state, along with DP&L and the came to an agreement this week followinhg a proposal submitted backin Febrary. DP&L, which is a unit of DPL), will have its base distributiohn rates frozenthrough 2012. Under the agreement, the localp power company will continue its current rate plan untip 2012 and add energy efficiency and renewable energy to its electric The programs will work to provide residential customers with tool s to lowertheir usage.
“We are pleased that the PUCO has formallt approved our ESP agreement as developed and supported by a diverswe group of customer saidPaul Barbas, DPL president and chief executivew officer, in a news As the result of the settlement, and previously approvecd environmental cost recovery, DP&L said residentialo customers with an average use of 750 kWh per month will experiencre an approximate 1.8 percent increase in 2009, 2.7 percent increased in 2010, a slight decrease in 2011, and less than a 1 percentg increase in 2012. The Ohio Consumer’s Counsel said it was pleased with theapprovee settlement.
“With a continuing recession and household budgetssstretched thin, the approval of the rate plan agreement puts into place limits to rate increases, provides energy efficiency measures and helps ensure that DP&L will do its fair share to supporf and utilize renewable energy resources,” said Janinse Migden-Ostrander, of the consumers’ DP&L also said it would develop an advancedc metering infrastructure and smart grid proposap by Sept. 1. The (PUCO) will revieq DP&L’s plans in the fourth quartee of 2009.
If approved, smarft grid improvements would provide better electricx service reliability and give customers the optioj to manage their usage basex upon the price of electricity at different times ofthe day. The originapl smart grid proposalfrom DP&L more than doubled the typical costs of these improvements and faileds to incorporate hundreds of millionsd of dollars in customer benefits that help offsetg these costs.
• An energy efficiency work group to develol and implement energy efficiency programs for Such programs would include rebates for purchasing Energy Star appliancexs and discounts forweatherizing homes; and • Development of a renewabl e energy certificate program that would pay residential consumers a fee for customer-sited renewable energy, such as solae panels or wind turbines.
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