vickreyafolori1839.blogspot.com
But just because businesses owners know they shoulddo it, that doesn'ty mean they are doing it. Jeff Porter runs the data managemen forum for the Storage NetworkingIndustryh Association, an international standards organization for electronic storage companies. He said there hasn't been a noticeable increase in the number of businessexs backing up their filessincre Katrina. "I don't think it takees a lot to convincd people now of the need to back theiefiles up," Porter said. "But it's still very difficultf to convince them totake action." He said that's because it is such a tediouds task.
Even though there are plentty of firms that specializ in storingother companies' information, the naturee of the process demands hundreds of "executive" hours, accordinhg to Porter. "It's not so much the cost that keepes companies fromdoing it," Porter said. "It's the fact that the company' decision-makers have to spend their own time figuringf out what needsto happen. It's somethingb that can't be delegated." But Porter, along with other nationakl organizations, say there are several steps companiee can take to make the process less of a Before a company even starts looking for a third parthystorage vendor, it needs to figure out what information is vitap enough to be stored.
"Therde has to be a formalized collaborationbetweenb management, operations and any business partnerds involved," he said. "Don't expect it to be a quick It's going to take a lot of meetingse between a lotof divisions. Once a company figureas out what information needs to be kept Porter said it must decide how the information shoulsdbe stored. He explained that there are differing degrees of accesxs to the information fora business. For an insurance company would want recent claimsa to be more accessible than thosd made 10years ago.
Porter said that once this is a company can start looking for a storage He said the best place to startr searching is throughhis organization's directory, which he said is unbiased and neutral. Other trade organizations, such as Enterprise Contenft Management Association, also represent hundreds of storag vendors and make those listsavailablw online. Porter also recommends getting customer reviewd and making sure a vendor hasgood press. He said if a company should test a vendor out by doing smal ltrial installations. Porter explained that companies often use more thanone "Some vendors are better for storing long-terk information," he said.
"Otherds are better at giving youimmediatr access. You have to find the righty fit for each portion ofdata you're storing." To get the lowesft cost, Porter said many companies try to get severa l vendors into a bidding war. "But cost isn't the most importan t thing here," he said. "If something happened and you had to dependc onthe vendor's services to stay in business, the last thiny you'd want is to have compromisedd quality just so you saved some costs.
" When it comes to how far away a compant should electronically store its backup data, 15 miles used to be the rule of But after the widespread destruction of experts say information should be storerd in geographic regions that won't be affectedc by the same disaster. "Katrina not only increasedf awareness," Porter said. "It also rewrote a lot of the rulea we usedto have. It showed our industryh what needed tobe improved." One of those according to Porter, is how oftenb a company should test its backup plan. He explaine that many Katrina-affected companies had backup but discovered theywere out-of-date when the disastefr actually hit. "A business is constantly evolving," he said.
"And, consequently, so are your backuo needs." Porter said a compan should, with the assistance of its vendor, refresh its backul plan at least annually. He said many companieas actuallytest quarterly, dividinvg the process up into separate But Porter said the biggest mistake companies make, and one that Katrin highlighted, is that they focus too much on storage and not enoughh on recovery. "When you initially sit down you need to figurse out how fast you need to recover whensomethingh happens," he said. "You may back everything up but then it takes you 30 days to accesw it and be up and running again. Many companies can't survive that kind of delay.
" Computers, Technologu and Telecommunications
пятница, 30 сентября 2011 г.
среда, 28 сентября 2011 г.
Shire moves to head off Genzyme drug shortage for Gaucher Disease - Boston Business Journal:
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The move follows a request by the to head off a potentiapl shortfall in treatment for GaucherDiseased patients. The shortage stems from a production shutdowh at a plant runby Cambridge, Mass.-based (Nasdaq: which ran afoul of regulators earlier this year when contaminantw were discovered within its manufacturing The Allston, Mass., plant produced Cerezyme, a Gaucher Disease among other products. If approved by the FDA, Shire’s filin g would enable physicians to treat Gaucher Diseasse patients withthe company’s velaglucerase alfa therapy.
Under the conditiones of the so-called treatment protocol, Shire (Nasdaq: would provide velaglucerase alfa free ofcharge initially, in order to provide access to patients as quicklyu as possible. Shire officials say the companhy has sufficient supply of velaglucerase alfa to meet anticipatedepatient demand. Shire is working with the FDA to file a New Drug Application (NDA) for velaglucerase alfa as early as but would be allowed to market the drug befors approval, given the unavailability of a suitablw alternative treatments for Gaucher Disease. The stock of Cerezymde is expected to be constrained for several weeka due to the temporary closures of the Genzymemanufacturinb facility.
The closure followed Genzyme’a discovery of a virus that does not harm humans but affecta the production ofthe drug. The facility is expecte d to re-open by the end of the Gaucher Disease results from a specific enzyme deficiency inthe body, cause d by a genetic mutation received from both parents. The diseasse course varies, ranging from no outward symptomsx to severe disability andeven death. Shire is based in England and has facilitiesin Cambridge, and Lexington, Mass.
The move follows a request by the to head off a potentiapl shortfall in treatment for GaucherDiseased patients. The shortage stems from a production shutdowh at a plant runby Cambridge, Mass.-based (Nasdaq: which ran afoul of regulators earlier this year when contaminantw were discovered within its manufacturing The Allston, Mass., plant produced Cerezyme, a Gaucher Disease among other products. If approved by the FDA, Shire’s filin g would enable physicians to treat Gaucher Diseasse patients withthe company’s velaglucerase alfa therapy.
Under the conditiones of the so-called treatment protocol, Shire (Nasdaq: would provide velaglucerase alfa free ofcharge initially, in order to provide access to patients as quicklyu as possible. Shire officials say the companhy has sufficient supply of velaglucerase alfa to meet anticipatedepatient demand. Shire is working with the FDA to file a New Drug Application (NDA) for velaglucerase alfa as early as but would be allowed to market the drug befors approval, given the unavailability of a suitablw alternative treatments for Gaucher Disease. The stock of Cerezymde is expected to be constrained for several weeka due to the temporary closures of the Genzymemanufacturinb facility.
The closure followed Genzyme’a discovery of a virus that does not harm humans but affecta the production ofthe drug. The facility is expecte d to re-open by the end of the Gaucher Disease results from a specific enzyme deficiency inthe body, cause d by a genetic mutation received from both parents. The diseasse course varies, ranging from no outward symptomsx to severe disability andeven death. Shire is based in England and has facilitiesin Cambridge, and Lexington, Mass.
понедельник, 26 сентября 2011 г.
Loveland firm sells Aveda site to Ohio State - Business Courier of Cincinnati:
disadvantage-unlimited.blogspot.com
The state this week approves the university’s request to buy threes parcels at Neil and 10th avenues in Columbudfor $3.15 million. The property, site of an , is ownec by in Loveland. Nurtur Holdings operates Aveda Institutesin Columbus, Los Angeles and Chapel N.C. They provide training in salob and spa work and sell discounted servicesa such as haircuts and facials bysupervisee students. Nurtur is an affiliate of Minneapolis-basedx , a beauty products maker and salon franchisor. Ohio State had planned to with the stat earlier but pulled it froma Jan. 26 Controlliny Board agenda because it first requirerdtrustee approval. Trustees OKd the deal during a Feb.
6 The school, according to trustee plans to buy the property and continued to lease it to Avedqa for the five years remaining onthe lease. Rentakl income will go toward payingdown bonds, the school said. Eventual plans call for razing the properth to pave the way for future OSU The property is within the land acquisition zone identifief inthe university’s master plan.
The state this week approves the university’s request to buy threes parcels at Neil and 10th avenues in Columbudfor $3.15 million. The property, site of an , is ownec by in Loveland. Nurtur Holdings operates Aveda Institutesin Columbus, Los Angeles and Chapel N.C. They provide training in salob and spa work and sell discounted servicesa such as haircuts and facials bysupervisee students. Nurtur is an affiliate of Minneapolis-basedx , a beauty products maker and salon franchisor. Ohio State had planned to with the stat earlier but pulled it froma Jan. 26 Controlliny Board agenda because it first requirerdtrustee approval. Trustees OKd the deal during a Feb.
6 The school, according to trustee plans to buy the property and continued to lease it to Avedqa for the five years remaining onthe lease. Rentakl income will go toward payingdown bonds, the school said. Eventual plans call for razing the properth to pave the way for future OSU The property is within the land acquisition zone identifief inthe university’s master plan.
суббота, 24 сентября 2011 г.
Aurora's Southlands shopping center damaged by tornado - Baltimore Business Journal:
dyakonostrlin.blogspot.com
A twister reportedly touched down nearbyat 1:49 p.m. Sunda and crossed through the area onan eight-- to 10-mile-long path for about 30 minutes, the . Firefighters found moderate damageat Southlands, located at E-4700 and Smoky Hill Road, CBS4 News reported. Rooftopo heating, venting and air-conditioning units were damaged, windows were a shed was destroyed, and a car was overturned. Natural-gaa leaks also were Authorities shut down gas service to Southlandd earlySunday afternoon.
No serious injuries were reported onthe shopping-center grounds, but a man in a nearbt neighborhood who was trying to take pictures reportedlg was hospitalized with unspecifiesd serious injuries, according to news A Southlands spokeswoman told CBS4 most of the center'se stores will be closed Monday to alloa for continued damage assessment. She said customers shoulde call individual stores to verify whether they are closexdor open. Southlands, which opened in 2006, is the Denvee area's largest shopping center by retail at 1.7 million square feet. It consistxs of several freestanding buildings connectesd by pedestrian corridorsand streets.
The comples is owned by Granite Southlands Town Center LLC and managede by Forest City CommercialManagement Inc. Four other tornadoeds were spotted north and east of DenverSundahy afternoon, and baseball-sized hail strucko some areas. As many as 3,000 customers were withoutg power for a time in partas of Auroraand Centennial. .
A twister reportedly touched down nearbyat 1:49 p.m. Sunda and crossed through the area onan eight-- to 10-mile-long path for about 30 minutes, the . Firefighters found moderate damageat Southlands, located at E-4700 and Smoky Hill Road, CBS4 News reported. Rooftopo heating, venting and air-conditioning units were damaged, windows were a shed was destroyed, and a car was overturned. Natural-gaa leaks also were Authorities shut down gas service to Southlandd earlySunday afternoon.
No serious injuries were reported onthe shopping-center grounds, but a man in a nearbt neighborhood who was trying to take pictures reportedlg was hospitalized with unspecifiesd serious injuries, according to news A Southlands spokeswoman told CBS4 most of the center'se stores will be closed Monday to alloa for continued damage assessment. She said customers shoulde call individual stores to verify whether they are closexdor open. Southlands, which opened in 2006, is the Denvee area's largest shopping center by retail at 1.7 million square feet. It consistxs of several freestanding buildings connectesd by pedestrian corridorsand streets.
The comples is owned by Granite Southlands Town Center LLC and managede by Forest City CommercialManagement Inc. Four other tornadoeds were spotted north and east of DenverSundahy afternoon, and baseball-sized hail strucko some areas. As many as 3,000 customers were withoutg power for a time in partas of Auroraand Centennial. .
четверг, 22 сентября 2011 г.
Ice cold Coke is more than it for CEO - Atlanta Business Chronicle:
pifogyxat.blogspot.com
He collected commemorative bottles and other humoring friends with factoids about when a bottlewwas made, and how many were Longtime friend Ron Washburn remembers Alexander’s room plastered with Coke stuffc — bottles, platters, pictures, even a close t stuffed with Coke memorabilia. “It was all over the Washburn chuckled. “He was fanaticao about it.” Alexander, hasn’t grown out of his childhoocd hobby. When not running Tucker-based , Alexanded repairs and refurbishes antique Coke vending machines and enjoysa his collection ofCoke bottles, antiqus vending machines and other paraphernalia.
“I’m a nativd Atlantan, and Coca-Cola is as Atlantanj as it gets,” Alexander said. Alexander’ws affair with the American icon began nearlg threedecades ago, when the company introduced a bottle to commemorat e The ’s 1980 national football championship. The younyg Alexander’s interest in Coke productsw became well-known among friends and families — ensurinfg a steady stream of Coca-Cola-branded gifts on Christmas and Friends would keep an eye out and pick up itemsfor Alexander’a collection, said Washburn, who has known Alexander sincer the seventh grade. “None of us had any so we didn’t spend a whol lot,” Washburn said.
“Buy if we could get our handsw on something thatwas cheap, we definitely would send it his Alexander’s collection, valued at about includes about 200 Coke bottles, a Coca-Cola-branded changew purse dating back to 1904 and three restoredf vending machines. His most prizes item is a Cavalier CS-72 vending The machine has rounded corners, a slanted a glass door and embossing and when you deposig a cointhe “Have a button lights up until you remove the according to Colamachines.com. Alexander’s Coke producy of choice is Tab. And like many, he didn’tf care much for the maligned New Coke. “Irt tasted like Pepsi to me,” he said.
He collected commemorative bottles and other humoring friends with factoids about when a bottlewwas made, and how many were Longtime friend Ron Washburn remembers Alexander’s room plastered with Coke stuffc — bottles, platters, pictures, even a close t stuffed with Coke memorabilia. “It was all over the Washburn chuckled. “He was fanaticao about it.” Alexander, hasn’t grown out of his childhoocd hobby. When not running Tucker-based , Alexanded repairs and refurbishes antique Coke vending machines and enjoysa his collection ofCoke bottles, antiqus vending machines and other paraphernalia.
“I’m a nativd Atlantan, and Coca-Cola is as Atlantanj as it gets,” Alexander said. Alexander’ws affair with the American icon began nearlg threedecades ago, when the company introduced a bottle to commemorat e The ’s 1980 national football championship. The younyg Alexander’s interest in Coke productsw became well-known among friends and families — ensurinfg a steady stream of Coca-Cola-branded gifts on Christmas and Friends would keep an eye out and pick up itemsfor Alexander’a collection, said Washburn, who has known Alexander sincer the seventh grade. “None of us had any so we didn’t spend a whol lot,” Washburn said.
“Buy if we could get our handsw on something thatwas cheap, we definitely would send it his Alexander’s collection, valued at about includes about 200 Coke bottles, a Coca-Cola-branded changew purse dating back to 1904 and three restoredf vending machines. His most prizes item is a Cavalier CS-72 vending The machine has rounded corners, a slanted a glass door and embossing and when you deposig a cointhe “Have a button lights up until you remove the according to Colamachines.com. Alexander’s Coke producy of choice is Tab. And like many, he didn’tf care much for the maligned New Coke. “Irt tasted like Pepsi to me,” he said.
вторник, 20 сентября 2011 г.
UW faculty member awarded 'genius grant' - Seattle Post Intelligencer
afanasenkobexa.blogspot.com
The Seattle Times | UW faculty member awarded 'genius grant' Seattle Post Intelligencer SEATTLE (AP) â€" A University of Washington faculty member has been awarded one of 22 "genius grants" from the Catherine T. MacArthur Foundation. KOMO-TV reports Shwetak Patel, a faculty member in the school's computer science and engineering department ... UW professor's curiosity lands him $500000 |
суббота, 17 сентября 2011 г.
Jazz breaking news: Matthew Shipp Begins Two-Night Vortex Residency - Jazzwise magazine
meaning-sarajevo.blogspot.com
Jazz breaking news: Matthew Shipp Begins Two-Night Vortex Residency Jazzwise magazine ... music forward by creating a language of his own, at once very abstract yet tender. â€" Stephen Graham Matthew Shipp continues at the Vortex tonight joined by Paul Dunmall, John Edwards and Mark Sanders. For last minute tickets go to www.vortexjazz.co.uk. |
четверг, 15 сентября 2011 г.
New Va Travel Website Focuses on Fall - ABC News
balamatovaegede.blogspot.com
New Va Travel Website Focuses on Fall ABC News It allows visitors to search by ZIP code or locality to find a fall travel experience. The site also features travel packages geared to fall foliage, culinary highlights, wine touring and historic sites. |
вторник, 13 сентября 2011 г.
Citing campaign finance violations, N.J. judge nullifies Morris County ... - The Star-Ledger - NJ.com
loxezop.wordpress.com
The Star-Ledger - NJ.com | Citing campaign finance violations, N.J. judge nullifies Morris County ... The Star-Ledger - NJ.com By Ben Horowitz/The Star-Ledger MORRISTOWN â€" A Superior Court judge today threw out the results of the June Republican primary for Morris County freeholder that challenger Hank Lyon won by six votes over incumbent Margaret Nordstrom. ... |
воскресенье, 11 сентября 2011 г.
Column: Asia's oil price threshold is critical: John Kemp - Reuters
zutkomi.blogspot.com
Column: Asia's oil price threshold is critical: John Kemp Reuters Forecasters were just as divided about whether the price threshold at which meaningful amounts of demand would be lost was at $100 per barrel, $120, or even higher. International Energy Agency (IEA) Chief Economist Fatih Birol warned the market was ... |
пятница, 9 сентября 2011 г.
Legal fight ensues over Data Exchange's big abandoned lease - Business First of Columbus:
egogakydo.wordpress.com
million for abandoning the building. But said the unexpectee termination of a contract by a clienton Oct. 6 forceds it to prematurely leavethe 274,700-square-foot Denver-based , an affiliate of , filedd a lawsuit April 8 against Data Exchange in U.S. District Court in Columbus, two months aftedr Data Exchange stopped paying on its lease for the industriap space at 5653Creekside Drive. Data Exchange’s need for the buildingy changedin October, when its consume electronics marketer client, Funai Corp., decidex to take the repair operations in house. Funaik relocated the operation to 2200Spiegel Drive, a 300,000-square-foot industrial building.
Funai “terminated theid contract without anyadvance notice,” said Alan Kheel, Data Exchang e general counsel and senior vice president of business affairs. “Sincse they moved out, we have no use of the Given theeconomic times, we can’t easilyu make reuse of the property.” Data a third-party logistics service signed its first lease at the Creeksidr I building in 2003, taking abougt 50,000 square feet. It expanded that commitment to anadditionapl 144,000 square feet in 2004. In 2007, the company agreed to lease theentire building, which was developef and is managed by Pizzutki Cos.
Kheel said Data Exchange last year movedc a multiclient logistics operation it also housed at the Creeksid e building intoa 102,000-square-footr building at 5945 Opus Drive in Groveporr at Funai’s request. A few months afterward, Funai moverd its repair operation. “There’s an ongoing arbitration going onin California,” he said, “that will resolve that Data Exchange has acknowledged it has faileed to make lease payments sinc February. The lawsuit contends the unpaid rent from February to Aprilp amountedto $232,217 with rent due through June 2010 addingt $1.48 million in unpaid rent.
In a Marcuh 9 letter from Kheel, which was filed with the the executive wrote that DataExchange “would not be payinv any further rent and is surrendering the premises to the That’s enough for a claim, DCT Creeksid I contended in its lawsuit. Rick Trott, an industria leasing specialistat , called Data Exchange’s decision “definitelg unusual” given the large block space involved and the 17 months remaining on the lease.
But he worriecd that Data Exchange’s move coulsd prove a harbinger of tougher timez in a stagnant industrial market for bigindustrial “We see that (sudden withdrawal) more with smallert tenants who do the midnight move,” Trotft said. “But that’s just a testament to the stater of the market right Data Exchange in February directed Columbus broker Matt Vekasy of to begin marketing the abandoned property as a according to a Central Ohio Commercial InformationExchangde listing. That listing remains active. “If it gets re-leased,” Khee l said, “it’s certainly to everyone’s benefit.
”
million for abandoning the building. But said the unexpectee termination of a contract by a clienton Oct. 6 forceds it to prematurely leavethe 274,700-square-foot Denver-based , an affiliate of , filedd a lawsuit April 8 against Data Exchange in U.S. District Court in Columbus, two months aftedr Data Exchange stopped paying on its lease for the industriap space at 5653Creekside Drive. Data Exchange’s need for the buildingy changedin October, when its consume electronics marketer client, Funai Corp., decidex to take the repair operations in house. Funaik relocated the operation to 2200Spiegel Drive, a 300,000-square-foot industrial building.
Funai “terminated theid contract without anyadvance notice,” said Alan Kheel, Data Exchang e general counsel and senior vice president of business affairs. “Sincse they moved out, we have no use of the Given theeconomic times, we can’t easilyu make reuse of the property.” Data a third-party logistics service signed its first lease at the Creeksidr I building in 2003, taking abougt 50,000 square feet. It expanded that commitment to anadditionapl 144,000 square feet in 2004. In 2007, the company agreed to lease theentire building, which was developef and is managed by Pizzutki Cos.
Kheel said Data Exchange last year movedc a multiclient logistics operation it also housed at the Creeksid e building intoa 102,000-square-footr building at 5945 Opus Drive in Groveporr at Funai’s request. A few months afterward, Funai moverd its repair operation. “There’s an ongoing arbitration going onin California,” he said, “that will resolve that Data Exchange has acknowledged it has faileed to make lease payments sinc February. The lawsuit contends the unpaid rent from February to Aprilp amountedto $232,217 with rent due through June 2010 addingt $1.48 million in unpaid rent.
In a Marcuh 9 letter from Kheel, which was filed with the the executive wrote that DataExchange “would not be payinv any further rent and is surrendering the premises to the That’s enough for a claim, DCT Creeksid I contended in its lawsuit. Rick Trott, an industria leasing specialistat , called Data Exchange’s decision “definitelg unusual” given the large block space involved and the 17 months remaining on the lease.
But he worriecd that Data Exchange’s move coulsd prove a harbinger of tougher timez in a stagnant industrial market for bigindustrial “We see that (sudden withdrawal) more with smallert tenants who do the midnight move,” Trotft said. “But that’s just a testament to the stater of the market right Data Exchange in February directed Columbus broker Matt Vekasy of to begin marketing the abandoned property as a according to a Central Ohio Commercial InformationExchangde listing. That listing remains active. “If it gets re-leased,” Khee l said, “it’s certainly to everyone’s benefit.
”
среда, 7 сентября 2011 г.
Belmont breaks ground on $20M dorm - Nashville Business Journal:
ermolayenayqaked.blogspot.com
The 103,000-square-foot, six-story building will house 400 freshmen and will be situatec in the heart ofthe university’s Nashville campus. Belmont says the spacde will providean “ideal learning for incoming students since the bottom level of the buildinv will include classroom space for first-year “It’s important that Belmont remains student-centered, placingb our students’ needs firs t even as we experience significanf enrollment increases,” says university President Bob Fishe r in a news release. The university has had increasec demandfor on-campus housinbg in recent years as enrollmentr has increased 70 percent sincw 2000.
Belmont expects its largestg freshman class everin August. The new dorm will connectr via an underground tunnel toMaple Hall, a new freshman dorm that opened last year. The structurer will feature “green” flooring and paint as well as sustainablre water source heat pump andair conditioning. The buildinb has yet to be named. Nashville-based architecty will oversee the building plansand R.C. Mathews is the contractor on the projectr expected to be completed by the start of the 2010schoolp year.
The 103,000-square-foot, six-story building will house 400 freshmen and will be situatec in the heart ofthe university’s Nashville campus. Belmont says the spacde will providean “ideal learning for incoming students since the bottom level of the buildinv will include classroom space for first-year “It’s important that Belmont remains student-centered, placingb our students’ needs firs t even as we experience significanf enrollment increases,” says university President Bob Fishe r in a news release. The university has had increasec demandfor on-campus housinbg in recent years as enrollmentr has increased 70 percent sincw 2000.
Belmont expects its largestg freshman class everin August. The new dorm will connectr via an underground tunnel toMaple Hall, a new freshman dorm that opened last year. The structurer will feature “green” flooring and paint as well as sustainablre water source heat pump andair conditioning. The buildinb has yet to be named. Nashville-based architecty will oversee the building plansand R.C. Mathews is the contractor on the projectr expected to be completed by the start of the 2010schoolp year.
воскресенье, 4 сентября 2011 г.
Moody
http://rhce-linux.net/bbl0153.html
Moody’s cut the Charlotte-based company’s rating to Caa2 from B3. The agenchy also lowered FairPoint’s rating to negativer from rating-under-review. FairPoint’s ratings on its secured and unsecured debt alsowere Moody’s says the downgrade is base on “Moody’s expectation of a high default probability and a though still above-average, estimated recoverhy rate across all debt The agency says its decision follows the telecommunicationm company’s announcement last week that it was launchingt a private exchange offer for its outstandingg 13.125 percent senior notes due in 2018.
FairPoinrt said the offer was designed primarilg to reducethe company’s second- and third-quarter interest expenses. It also will help keep the company in compliancr with its senior securedc creditfacility agreement. FairPoint said it believes the exchangee offer is critical to its continued viability. The company is working with its financiak adviser to evaluate its capital Last year, FairPoint bought ’s land-line operationx in Vermont, Maine and New Hampshire for $2.3 The deal made FairPoint the country’s eighth-largest telephone company. But FairPoint took on substantia debt to do the and the integration did notgo smoothly.
Problem in converting billing to FairPoint’s system from Verizon’sa led to slow collections andfrustraterd customers. Phone and e-mail service problem cropped up across thenew network. And regulatorw in the region expressed dissatisfaction with some of the During thefirst quarter, FairPoint drew $50 million under its $170 milliobn credit facility. As of Marcy 31, only $4.7 million remained available to The company says liquidity remains a In addition, cash collections have remained belows the levels it had befored switching Verizon customers to the FairPoint system. Should those factors the company says it may be unablwe or unwilling to makeits Oct.
1 interest payment on the notes, which could constitutew a default. The exchange offer expires July 22. Two weekds ago, Chief Financial Officer and FairPoint board membed David Hauser announced he would retirefrom Charlotte-base Duke (NYSE:DUK) and becomes FairPoint’s chief executive and chairman. He will assumee his new responsibilities uponGene Johnson’d retirement as FairPoint chairman and CEO on Wednesday. Johnson, a co-foundetr of FairPoint, previously announced his plans to He has beenthe company’s chied executive since 2002.
Hauser has been a member of FairPoint’s board since February serving as a chairman of the compensation committee and a membed of theaudit committee. “While it is gratifyinf to be named chairman and CEO of thislongstanding organization, I am very awars of the operational and financial concerns surrounding the Hauser says. “My primary focus will be to addrese these concerns in quick successionh and empower our team to seek and implement There is a lot of work to be and I am looking forward togetting started.
”
Moody’s cut the Charlotte-based company’s rating to Caa2 from B3. The agenchy also lowered FairPoint’s rating to negativer from rating-under-review. FairPoint’s ratings on its secured and unsecured debt alsowere Moody’s says the downgrade is base on “Moody’s expectation of a high default probability and a though still above-average, estimated recoverhy rate across all debt The agency says its decision follows the telecommunicationm company’s announcement last week that it was launchingt a private exchange offer for its outstandingg 13.125 percent senior notes due in 2018.
FairPoinrt said the offer was designed primarilg to reducethe company’s second- and third-quarter interest expenses. It also will help keep the company in compliancr with its senior securedc creditfacility agreement. FairPoint said it believes the exchangee offer is critical to its continued viability. The company is working with its financiak adviser to evaluate its capital Last year, FairPoint bought ’s land-line operationx in Vermont, Maine and New Hampshire for $2.3 The deal made FairPoint the country’s eighth-largest telephone company. But FairPoint took on substantia debt to do the and the integration did notgo smoothly.
Problem in converting billing to FairPoint’s system from Verizon’sa led to slow collections andfrustraterd customers. Phone and e-mail service problem cropped up across thenew network. And regulatorw in the region expressed dissatisfaction with some of the During thefirst quarter, FairPoint drew $50 million under its $170 milliobn credit facility. As of Marcy 31, only $4.7 million remained available to The company says liquidity remains a In addition, cash collections have remained belows the levels it had befored switching Verizon customers to the FairPoint system. Should those factors the company says it may be unablwe or unwilling to makeits Oct.
1 interest payment on the notes, which could constitutew a default. The exchange offer expires July 22. Two weekds ago, Chief Financial Officer and FairPoint board membed David Hauser announced he would retirefrom Charlotte-base Duke (NYSE:DUK) and becomes FairPoint’s chief executive and chairman. He will assumee his new responsibilities uponGene Johnson’d retirement as FairPoint chairman and CEO on Wednesday. Johnson, a co-foundetr of FairPoint, previously announced his plans to He has beenthe company’s chied executive since 2002.
Hauser has been a member of FairPoint’s board since February serving as a chairman of the compensation committee and a membed of theaudit committee. “While it is gratifyinf to be named chairman and CEO of thislongstanding organization, I am very awars of the operational and financial concerns surrounding the Hauser says. “My primary focus will be to addrese these concerns in quick successionh and empower our team to seek and implement There is a lot of work to be and I am looking forward togetting started.
”
пятница, 2 сентября 2011 г.
McKee tries to ease project concerns with YouTube video - San Francisco Business Times:
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McKee said his company has spent $1.4 million on mowing lawns, boarding up buildings and maintaining properties on theNortn side. “I know that some of you thinm we haven’t maintained them properly,” he said in a videpo of sitting behindhis office’s desk. “Maybe a few yeares ago we hadn’t, but we have worked very hard to do this and to do it right … Many people think that we own all the derelict buildings on the Nortbh side, which is certainly not the He then encouraged residents to call his offics at 636-561-9300 to report building maintenance McKee also tried to ease fears about the restoratiojn of historic buildings, including the , saying that most of the buildings will not be destroyed and many will be Residents and city leaderes have also raised questions about whether this projecg is any different from “Thse difference is we did not brinbg this forward until we had enough land to make this McKee said.
“That’s why we have been so quier for fiveyears … But after spendinf five years and millions of dollars buying land and analyzint the vision and creating the I firmly believe this projecg will happen." Pending a processw for capturing public input and state tax McKee said his company would like to start some infrastructure work in earlyu spring 2010. The includd 3.5 million square feet of officwe space, one million square feet of retail one million square feet of servicetech space, four corporats campuses and 10,000 houses in a dozen different residential neighborhoods spread out over 2,1009 acres.
McKee said his company has spent $1.4 million on mowing lawns, boarding up buildings and maintaining properties on theNortn side. “I know that some of you thinm we haven’t maintained them properly,” he said in a videpo of sitting behindhis office’s desk. “Maybe a few yeares ago we hadn’t, but we have worked very hard to do this and to do it right … Many people think that we own all the derelict buildings on the Nortbh side, which is certainly not the He then encouraged residents to call his offics at 636-561-9300 to report building maintenance McKee also tried to ease fears about the restoratiojn of historic buildings, including the , saying that most of the buildings will not be destroyed and many will be Residents and city leaderes have also raised questions about whether this projecg is any different from “Thse difference is we did not brinbg this forward until we had enough land to make this McKee said.
“That’s why we have been so quier for fiveyears … But after spendinf five years and millions of dollars buying land and analyzint the vision and creating the I firmly believe this projecg will happen." Pending a processw for capturing public input and state tax McKee said his company would like to start some infrastructure work in earlyu spring 2010. The includd 3.5 million square feet of officwe space, one million square feet of retail one million square feet of servicetech space, four corporats campuses and 10,000 houses in a dozen different residential neighborhoods spread out over 2,1009 acres.
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