Thursday, September 1, 2011

Cooper Kenworth to move local operation to Cabarrus - Charlotte Business Journal:

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million to move to Cabarrus Countytfrom Charlotte, with the new locationj slated to open in June. plans to add about 15 boosting its work force to 50 as it relocatee to the former Cardinal Freight facility on N.C. Highway 73 at Interstater 85, shifting from a leased site at 8621Statesville Ave. the company has 6 acrees under contract in south Charlotte for a second area saysRussell Laing, vice president. He declines to discloss the location. That facility, slated to open in next year'ss first quarter, will include a 30,000-square-foot showroom and have 20 he says.
At the former Cardinal Freight site, Cooperd Kenworth will demolish part ofthe 25,000-square-fooyt terminal building and expand it to as large as 45,000 square feet, Lain g says. Lester Osborn of Piedmont Properties/CORFAC Internationall represented both sides inCoopedr Kenworth's deal for the Cabarrus The seller was BLW Inc., an investor from Hiltonh Head Island, S.C. Durham-based Cooper Kenworth has eigh t dealerships inNorth Carolina, as well as truck leasing operationd in Tarboro; Bishopville, and Memphis, Tenn. , one of Shelby's largest employers, will spend $20 million to rebuiled one of itslocal plant's furnaces to make the operationm more cost-competitive.
With the upgrade, the 900-employee fiberglass-production plant on Washburn Switcg Road will make material usedin wind-energy turbine blades, roofing shingles and auto "Our investment in Shelb y demonstrates PPG's commitment to our U.S. manufacturing operationw and the global fiberglass saysVictoria Holt, senior vice president of the Pittsburgh-based In January, the plant's future was cast into doubgt when Charles Bunch, PPG chief executive, told Time magazinr the company could closw its Shelby and Lexington facilities.
Local PPG officials say the pendinf $20 million investment ensures the Shelby plant will remain in PPG also hasa 100-employee fiberglass plant on Lancaster Highway in Chester. Lowe's Motor Speedway has hirec to buildan 8,700-square-foot officed addition at the Speedway Club and Smithj Tower. The addition, perchedd 110 feet above the track, will help reducer a space crunch forspeedway employees. Cost of the construction, schedulesd for completion in November, has not been AI Design Group isproject architect.

Monday, August 29, 2011

UDR offers apartment-search application for iPhone - Atlanta Business Chronicle:

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The Highlands Ranch-based apartment owner'sd locator app allows users to searcgh apartmentsby location, price, and numbe of bedrooms and bathrooms. It offere photos, amenities lists and floor plans oflisted apartments, and pricex are updated daily. The app where the user is located througbh GPS technology and can offed maps and directions to selected Users can save the apartments they choose in a favorites and even place a hold on an apartmeny until the usercan visit. UDR said the applicatiom currently offers apartmentsin California, Florida, Maryland, Oregon, Tennessee, Virginia and Washington stated as well as Washington, D.C.
The app is available througbh Apple's online iStore or for free downloadby . The new iPhone service "fits perfectly into UDR' mobile strategy to attractt and retain apartment renterse who are becoming more reliant on a mobil e device and less reliant on their personal saidSteve Taraborelli, UDR's VP of sales and marketing, in a "Not only are we attractinvg apartment prospects within the United States, but from aroun d the world now." In addition to the iPhone app, UDR also has WAP- and iPhone-compatible websites, at and respectively.
UDR is an apartment-investmeny trust that owns about 45,00 0 apartment units and had another 2,000 undedr development as of Marcu 31.

Saturday, August 27, 2011

Microsoft, SATAI form partnership to help entrepreneurs - San Antonio Business Journal:

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What this means is that SATAIj can help qualified startup companies hook up with the BizSpark prograj whichprovides software, support and visibility with no upfronty costs. To qualify, startups must be actively engage in the development ofa software-based product or service as a core part of thei business. “Over one third of our client s have some typeof software-based innovation and through this strategif relationship we will provide addecd value and significant savings to them throughg the BizSpark Program,” says Jim president and CEO of SATAI.
Companies are eligible to participate in the prograj during the first three yearss of their existence and as long as they have revenuesw of lessthan $1 million. “Wee understand the difficulties startups face in tryinbg to create a scalable andsustainable business, especially in today’s economy,” says Don business development manager for “Microsoft BizSpark provides startups with a uniqude opportunity to grow their business by taking advantage of the breadthn of the Microsoft platform, our global partner ecosysten and new ways to gain market exposure.
” Networkj partners in the BizSpark program can provide guidance and resources to participating startup Participants will have access to Microsoft’s currentr full-featured development tools, platform technologies and productio n licenses. Startups can enroll in the progra m by obtaining sponsorship from SATAoI or any other designated BizSpark Network For more informationcontact sap@satai.us.

Thursday, August 25, 2011

Carl Miller leaving Anthem Blue Cross and Blue Shield of Colorado - Denver Business Journal:

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Indianapolis-based WellPoint Inc., owner of Anthen Blue Cross and Blue Shield of is reorganizing its state affairs operations so that there will be one governmentr relations director supporting each WellPointstate -- with exceptionsz for states like California (which has a challengint regulatory and legislative environment) and Nevada (where the legislature meets only once every two In Colorado, Miller's responsibilities will be assumed by Rebecca Weiss, who currently serves as director of government affairas for Anthem's Colorado plan. Mike Paiva, regional director for state affairs for Blue Crosa of Californiain Sacramento, will assume Miller's role in Nevada.
In the mid Miller worked with Colorado legislatorws to craft legislation that ultimately allowefd the nonprofit insurer to becomea for-profit creating a charitable foundation from the proceeds of its sale to Anthemm Inc. in 1999. Anthem later merged with WellPoinft Inc., a one-time rival in the bidding for Blue Cross. a former capitol bureau reporter, columnist and politicakl editor for TheDenver Post, served as a presws secretary for Colorado Gov. Dick Lamm in the mid 70s. He workefd for the Blues for 17 years. After he leaves Anthem early next month, Miller said he may use his contactes to pursue other opportunities the field ofpublicx policy.
He indicated that he wouldf remain inthe state. In a releasedr statement, John Martie, president of Anthem Blue calledMiller "a brilliant politicap strategist, analyst and pundit" and a "fount of fascinating historical Denver lore."

Tuesday, August 23, 2011

St. John Properties takes over Opus East business park at Aberdeen Proving Ground - The Business Review (Albany):

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U.S. Army officials worked feverishly over the past week topull St. John Propertiea into the fold, fearful the project wouldx come to a halt if Opus East filerd for bankruptcy protection before an arrangement coulddbe struck, company spokesman Gerard J. Wit said in a telephone intervie Tuesday. “It was a real week-long effort to get this done,” Wit said. “We’rer going to get in and try to kick-startr this right away.” Aberdeen is gearinb up for a significant influx of military jobs underthe Pentagon’s Base Realignment and Closure expected to be completed by Septembeer 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,000 private contracting jobs from companiez that do business with the incoming militaryy agencies. The approved Opus East's selection of St. John Propertieas to take over the Government and Technology Enterprisd business park because of theBaltimore developer’s ability to move forwarde with new construction, Bob Penn, program directorr with the Army Corps, said in a As in taking over the including (NYSE: OFC) and Manekin LLC.
Opus East was awardede rights to developthe government-owned land under a leasre with the Army in November 2007 and broke ground on its first building in December of that Since then, the company became straddled with million of dollars in construction loanss it has been unable to refinance, and the companu has not started any new construction at the projectt for more than a The deal was inked June 19 betweenh Opus East, St. John Properties, with the backingf of the Army. St. John and the Army Corpds of Engineers issued statements Tuesday announcingthe deal. Wit said St. John will pay Opus East an undiscloses amount of money for its development rightsat Aberdeen.
In connection with the deal, St. John has hired Opus East project manager Matthew Holbrookl to oversee the GATE project as its director of defense andgovernmeny business. “Aberdeen Proving Ground is excited abouy moving the project forwardwith St. John Tim McNamara, APG deputy garrison commander, said in a statement. “Ws consider it a positive step to have their experiencerd management team spearheadingthe build-out of this As the to help it consider options including bankruptcy. Its parent company, , has also soughyt bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariesd of its Opus West regiona operation. Opus Corp.
spokeswoman Winston Hewetft said Opus East is still evaluatingy its options but has not made any decisiondabout bankruptcy. The company was forced to relinquish its rights to the Aberdeen project because it has been unable to financse morethan $50 million in construction loans it took out to finance its projects. Most pressing among those debtsis $35 millionm the developer spent to builf a new headquarters for the Nationak Oceanic and Atmospheric Administration in Collegse Park, for which it has sued the federalk government to collect its wages on that project, Hewet said. St.
John plans to break ground in the next two monthsa on at least three new buildingse at the Harford Countymilitarg base, with commitments from defense contractores for up to 300,00p square feet of office, researchb and development space, Wit said. Wit did not disclosw the names of any ofthose tenants. Thos e buildings would be in addition toa 60,000-square-fooft building Opus East completecd in December 2008 for defense contractotr CACI. “We view this development as the most significang commercial real estate opportunity in the historyu ofour company,” St. John Presideny Edward A. St.
John said in a “This is based on the amount of square footage that can eventually be developed as well as the importantr work that will be completesdby end-users that occupy this space.” St. John Propertieds is the third-largest propertuy management firm inGreater Baltimore, with nearly 11 milliobn square feet of commercial space in the region. But taking over the Aberdeenb project represents a shift for the which has sought to tap into the demand for governmeng contracting space upuntil now.
Wit said the companu has also sought in the past to buy land for its own rather than to lease property from the government such as at Opus East preliminarily received commitments from firms seekingt space atits 413-acre Government and Technology Enterprise business park but did not starft any additional construction. The developer was unwillingb to divide any of its buildingsinto multi-tenantedr space, Wit said, preferring instead to construct building for a single tenant. That’s created a pent-up demand for companies seekingfrom 5,0090 square feet to upward of 20,000p square feet, Wit said.
“Fotr all the hoopla that BRAC has brought, there’x really only one building that Opus was able to Wit said. “If you don’yt have the place to park those people, if you don’t have the buildingd to put them in, there was goingb to be a reallogisticalk problem.”

Sunday, August 21, 2011

Looking south for visitors - Orlando Business Journal:

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After a year punctuated with one bit of bad newsaftedr another, this year’s travel industryt Pow Wow 2010, held May 16-20 in Miami offered the industry cause for The annual event, which connects U.S. destinationsd and businesses with overseastravel agents, drew more than 4,60 attendees and created connections that coulde lead to billions of dollarss in deals. South American nationx generally have suffered less than othersz in theglobal recession, and Pow Wow participants said tour operatorz and travel companies from Brazil, Colombis and other countries in the region were eagefr to discuss deals with U.S. travel industrgy representatives.
This year, the local visitors bureau, a major enginde for driving travel to Central is waging a major publicity campaignin Brazil, an effor bolstered by a new direct air route to Sao Paulo. Orlando gets about 300,000 visitors a year from Brazil, and the bureau expectz that number toreachy 350,000 next year. As air links Sain said, the ability to strike new travepldeals grows. “There’s no question that as we go South America will get a lot of our We have to make sure we have good lift many scheduled and charter airlineflightxs — to keep us connected.
” The fresh emphasis on Latib America comes as recessions in Europr cut into a key sourcw of Orlando’s international business. The U.K. is the biggest sourcee of international visitors comingto Orlando, so the 10 percent to 15 perceny slowdown in visitors from theres has hit Central Florida’s attractions and hotelz hard. Sain, however, expectsw gradual improvement as economies on both sidesz of the Atlantic recoverfrom recession. Pow Wow, whicb will be held in Orlandonext year, attracts aboutf 1,500 international buyers and about 500 traveol writers. The event, in its 41st is responsible forabout $4 billionn in deals, said its sponsor, the U.S. Travell Association. U.S.
destinations use boothds at Pow Wow to make contacts that can lead to increased business incoming months. Davird Wright, spokesman for Wet n’ Wild on International helped manhis company’s boothy at the show. “We made so great contactsw this year. We came away with the impression that things will turn aroundnext year. We’re seeinfg a strong emergence of interest from Brazi land Colombia.
Things are starting to look better intheirf markets, and that’s good news for Bruce Bommarito, the Travel Association’ss chief operating officer and general manager of the Pow Wow show, “International travel has been down 6 to 8 percenrt this year, but I have some cause for That’s because changes in U.S. immigration policie — including a reduction in the amount of time travelersz must wait fora U.S. visa and an expansioh in the number of countries that get visa waivers shouldstimulate growth.
Although no one can accuratelyg say how many international travelers come to Central foreign visitors generally stay longer and spenx more than theirdomestic counterparts. The Travel Association estimates each foreigjn travelerspends $4,500 while in the U.S. According to the 633,000 foreign visitors excluding travelers from Mexico andCanada — came to the U.S. last fewer than in 2000. Pow Wow is a key tool for increasinbthe flow, said Brommarito. “Pow Wow is all about buildingg relationships. We had 75,000 appointments at this year’sd show, which is the best we’ve ever This isn’t really a traditional trade it’s an international market place.
”

Thursday, August 18, 2011

HP 3Q Net Up 8.6%, Aims To Buy Autonomy At GBP25.50/Share - Wall Street Journal

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HP 3Q Net Up 8.6%, Aims To Buy Autonomy At GBP25.50/Share

Wall Street Journal


Hewlett-Packard Co.'s (HPQ) fiscal third-quarter earnings rose 8.6% on continued strength in its commercial businesses, and it said it was aiming to acquire UK software company Autonomy Corp. (AUTNY, AU.LN) for about 25.50 British pounds ($42.11) a ...



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