martes, 10 de julio de 2012

PRPA and Panama Canal Authority co-promoting Asia route - Philadelphia Business Journal:

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The agreement, which is renewable after two will include joint marketing activities and sharing best practicewsand information, including market information on improvements and/or modernization efforts and personnel trainingb programs. “The strategic alliance with the Panama Canal Authority will increase job opportunities at our regional port s and attractnew business,” says PRPA Board Chairman John H. “This collaboration aligns with our mission to become one of the mostcompetitived U.S. East Coast seaports and has an increasingly marked contribution to the economidc health ofthe state.
” Half of all of the cargoo PRPA handled last year (1,906,343 long tons) was eithef on its way to or from the Canaol last year, which is up 17,000o long tons over the prior year. Expansion project are under way inboth areas. PRPA is sponsoring the five-to-sevenj year project to deeper the Delawarse River Main Channel from 40 feet to 45 The Panama CanalExpansiob Program, expected to be completed in will add a new lane of traffid along the Canal that will allow for wider ships and double

lunes, 9 de julio de 2012

Valero seeks to buy stake in Netherlands refinery - Philadelphia Business Journal:

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San Antonio-based Valero (NYSE: VLO) will buy a 45 percentr interest in Total RaffinaderijNederland N.V. (TRN) in The Total S.A. (NYSE: the refinery’s operator, will continue to own the remaining 55 percent The transaction is subject to regulatory approval as wellas right-of-first refusakl by Total. If Valero can clear these the purchase could close duringthe third-quartef of 2009. The refinery was originally builf in 1973 but has received majoer upgrades inthe mid-1990s and throughout the 2000s. The refinery has a total throughputr capacityof 190,000 barrelz per day. “This acquisition represents an exceptional entry point for Valero into theEuropeajn market.
TRN’s large, complexx refinery has the flexibility to process a wide variet y of discounted feedstocks primarily into dieselo and jet fuel withinthe world’ s strongest diesel market,” says Valero Chairman and CEO Bill “Given its location near Rotterdam and with excellent this acquisition broadens our geographic diversification and provides tradinfg opportunities in the Atlantic Basin that complement our U.S. Gulf and East Coasyt operations as each companh supplies its share of feedstocks and receives its share ofrefinesd products,” he adds.
Valero is an oil refininv and marketing company that currently owns 16 refineries throughout theUnited States, Canada and the Caribbeab with a combined throughput capacityt of 3 million barrels per day. The company also is a leadinf ethanol producer with seven ethanol plants and a combinexd capacity of 780 million gallonsper

sábado, 7 de julio de 2012

Survey: 25 percent of homeowners have no savings - Puget Sound Business Journal (Seattle):

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The survey discovered that to cut homeowners are takingextreme actions; 34 percent say they have had familyh or friends move in with them in the last The (NYSE: WFC) quarterly survety indicated that 42 percent are spending less on theid children in the glum economy. Of those who have debt other thana mortgage, 43 percent thinko about their debt evert day and another 24 percenr think about their debt at least once a week. Becausr of their debt, 36 percent say they’re cuttinh back on smaller expenditures, such as dining out, buyinb clothes and gifts for friends.
Since Wells Fargo’sz previous survey, taken in fourth quarter of the percentage of those who have anxiety over job securityt has risen to 29 percent from 21 Wells Fargo said the latest survety was conducted by Ipsos Marketing andpolled 1,56r5 homeowners from March

viernes, 6 de julio de 2012

Art historians claim to find new Caravaggio works - Businessweek

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NEWS.com.au


Art historians claim to find new Caravaggio works

Businessweek


ROME (AP) â€" Two Italian art historians claim to have discovered as many as 100 works, most of them drawings, by a very young Caravaggio in a collection long attributed to a master Milanese artist he studied under while a boy in the late 1500s.


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miércoles, 4 de julio de 2012

$25.5M booster shot: McCaw-led VCs inject World Wide Packets with cash - Puget Sound Business Journal (Seattle):

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, of Kirkland and a consortiun of other investors havepumped $25.r5 million into World Wide Packets. The deal closed in Eagle River is an investment firm that manages the McCa wtelecom fortune. The cash infusion is slated tofuel 135-employee Worlds Wide Packets' expanding focusw on telecom and cable carriers. Company Presidenrt and CEO David Curry said much of the moneyu will be used to ensure its gear meetsa the stringent quality assurance standardsa demanded by telephone andcable carriers. He also expectss the company to add 15 employees in engineering in early 2006. Some of the new staff will be based in Spokane Valley and some inthe company'sz San Jose, Calif.
-based engineering facility, which opened in World Wide Packets makes hardwarde devices, switches and software applicationsa that aggregate and distribute large chunkas of broadband data over telecomn and cable networks. This etherner technology offers carriers greater bandwidth at a lower cost than alternative technologies suchas DSL, wireless and cable services, Curry said. When the companyu was founded in it planned to sell its networkingv gear to large telecom and cable carriers. But then the meltdown in the teleconm sector hit that year and carriers stoppes spending money onnew networks.
World Wide Packets was forcede to focus on sellinyg instead to large businesses and municipalities such as the citiexof Provo, Utah; Danville, Va.; and Great Wall Broadbanr of China. Curry said selling to municipalities and business customerds enabled World Wide Packetsa to prove its technology worked and to brin g in revenue until the telecommarket recovered. In early 2004, the carrier market beganh to open up and the company landed two large cable carriers in the United Kingdom ascustomerds -- NTL Europe Inc. and Telewestt Communications PLC. NTL has since acquired Telewest. World Wide focus on the carrier sector was the primary attraction forEagl River.
Kirkland-based private equity firm Rally Capital and existing investorz NorthwestVenture Associates, the Madrona Venture Argo Capital, Azure Capital Partners and Entrepis Ventures joined Eagle River in the investment round. "We'rew seeing a resurgence in spending on networks becaused the trafficis there," Eagle River's Rob Mechalegy said. "It won't be going away anytimde soon." The main driver behind carrier adoptionof ethernet-basedr networking gear is that it'ds cheaper than other technologies, Mechaley said. Worls Wide Packets faces competition from severallargee companies, including Cisco Systems Inc.
, Foundry Extreme Networks and Riverstone Networks. World Wide Packets' Curry thinks his companty has afew advantages. "We're an early-stage and more nimble," he said. "We'vew also been preparing for this stager forfive years." The latest cash which Curry expects to be the company's should bring the company to break-even status. Currg also said the addition to the boarx of Mechaley and Dennis Weiblinh ofRally Capital, both former McCa w executives, is invaluable. "They're both entrepreneursx with experiencein early-stage and public telecom he said. "They're part of a McCaw ecosystem of companiess and peopleand customers.
They're on a first-namr basis with some of the movers and shakerws withinthis industry." And, Curry said, both men were instrumental in putting together the cash deal over a period of

martes, 3 de julio de 2012

Applied Materials swings to $255M Q2 loss - The Business Review (Albany):

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Santa Clara, Calif.-based Applied Materialsa (Nasdaq: AMAT) had revenue of $1.02 billion, less than half the year-ago quarter'zs $2.15 billion. Excluding items, the company's loss would have been $136 or 10 cents a share, compare d to non-GAAP income in the year-agok quarter of $362 million, or 26 cents a Analysts expected, on average, a loss of 10 centes a share on revenueof $904.8 million. In the ’s NanoCollege, Applied Materialas Inc. and IBM announched an agreemenyt to work together on a project involving the process of manufacturingg of 22 nanometer logic andmemory chips.
Applied Materials, IBM IBM), based in and the state Universituyat Albany’s , will work on what they are callingv process modeling technology. The companies said the project will lead to a reductionn in development costs and the time to market for22nm semiconductors. A nanometetr is about 40,000 times smaller than the width of ahumanb hair. Today’s most advanced semiconductors have 45nm Applied Materials has a number of processing tools as well as engineerd and scientists at thethe nanocollege's site.

lunes, 2 de julio de 2012

Sensors credited for drop in WA truck crashes - WJTV

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Sensors credited for drop in WA truck crashes

WJTV


GRANDVIEW, Wash. (AP) The trucking industry and authorities are crediting electronic sensors and enforcement with helping drop the number of truck-related crashes over the years in Washington state. Between 2008 and 2009, fatal crashes involving ...


Electronic sensors credited for drop in Washington truck crashes

TheNewsTribune.com



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