Haynes International Stock Hits New 52-Week High (HAYN) - TheStreet.com

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Haynes International Stock Hits New 52-Week High (HAYN) TheStreet.com By TheStreet Wire 06/30/11 - 10:53 AM EDT NEW YORK (TheStreet) -- Haynes International (Nasdaq:HAYN) hit a new 52-week high Thursday as it is currently trading at $61.39, above its previous 52-week high of $61.09 with 28406 shares traded as of 10:25 am ... WATCH FOR CONTINUED GAINS IN SHARES OF HAYNES INTERNATIONAL (HAYN) Zacks.com !  »

InFocus shareholders accept takeover offfer - Portland Business Journal:

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Hui’s planned acquisition of the Wilsonville-based projector maker was contingeny upon a tender offer of at leasft 65 percent ofoutstanding shares. The offer closed Friday, with 91 percent of all outstanding shares validly tendered or not The InFocus board on May 15 announcedx that it had acceptedthe $39 or 95 cents per share, deal offerexd by Hui’s , while rejectin g an unidentified second bidder the board said failexd to submit a binding proposal despite three weeks of Huil said Tuesday the acquisition will closde by the end of this week. After the sharees change hands, he will merge InFocus into Imagse Holdings.
Hui, who has said little aboutt his plansfor InFocus, is known mostlh as principal founder of computer-maker Inc, raising it from its infancg to a company with revenue exceeding $1 billion. He took eMachinea private in December 2001 in a deal valuesdat $152 million and three years later sold the companyt to in a roughly $290 milliom cash and stock After being rebuffed in a 2006 attempt to buy Gatewayy for $450 million, Hui acquired a 75 percentr stake in Dutch computer distributor for an undisclosed though some published reports called it a $90 millioj deal.
A year later, he sold his controlling interest in Packard Bell to Gatewaty for an undisclosed Among his current ventures is a start-up with fellow eMachines alums that is developinyg a product to enable household appliances and other productx to communicate via the Internet. is a partner in the venture. InFocus is considered a pioneer in digital projection technology and was firsty to market with innovativerdigital projectors. But a deluge of Asian competitors drove projectofrprices lower, making it an unprofitable business for a small company like InFocus.
“InFocus is a greatg brand and I assign significant value tothe company’s extensivse network of channel innovative history and product leadership,” Hui said in a news “I look forward to working with the InFocue management to return the company to a dominant positiohn in the industry.” InFocus CEO Bob O’Malley callec Hui’s pending acquisition just anothe r chapter in InFocus’ evolvingv story. “We will be able to shed the complexituy of the publicfinanciak markets, prioritize longer-term objectives and focus on what matterd most to our customers — delivering innovative projection solutions.
” Thomas Weisel Partners LLC servee as financial advisor to InFocus and its boarr of directors, and Garvey Schubert Barert acted as legal advisor.

Task force set to discuss BP spill - Daily News - Galveston County

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Task force set to discuss BP spill Daily News - Galveston County The Gulf Coast Ecosystem Restoration Task Force is inviting the public to a meeting in Galveston on Monday. Kris Van Orsdel, senior policy analyst and government affairs manager for Ocean Conservancy, talked about task force and its mission. ... and more »

Smoke Testing of Sewer Lines to Occur Tuesday - KBTX

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Smoke Testing of Sewer Lines to Occur Tuesday KBTX The work is part of the Southwood 5-7 Water and Wastewater rehabilitation projects. Smoke testing is conducted through the main sewer lines by plugging one end of the line, then sending smoke through the line to see where it exits, which helps pinpoint ... and more »

Casey Anthony murder trial: Defense calls forensic botanist to testify after delay - Washington Post

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USA Today

Casey Anthony murder trial: Defense c »

Texans receive $100 million in unemployment benefits from stimulus plan - San Antonio Business Journal:

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The stimulus plan furnished anadditional $25 per week to qualifiex job seekers as they work to find permanentf employment. Eligible Texans began receiving the benefit increasein mid-March. The increasee is effective for all initial claims filedthroughj Dec. 26, 2009. “The $100 million for increasefd unemployment benefits supplied by the American Recovery and Reinvestmenf Act is being pumped back into theTexaxs economy,” Texas Workforce Commission Chairman Tom Paukeh says. Since the increase is federally Texas employers are not contributing to theadditionak $25 per week in benefits.
The Texazs Workforce Commission administers unemployment benefits to workers who becomw unemployed through no fault of theier own and are activelyseekingh work. Newly unemployed San Antonio residents can obtainj information by loggingonto texasworkforce.org or by callintg (210) 258-6600.

Matt Wieters to sport new Under Armour gear in Orioles debut - Baltimore Business Journal:

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Baltimore-based Under Armour (NYSE: UA), which signer Wieters to an endorsement deal twoyears ago, prepared speciallyh designed sets of catching gear and cleat s with new colors for the phenom. The gear will featurre the Orioles’ signature orange as the primarcolor “to go along with his typicalp black with white and orangd sets,” Under Armour spokeswoman Diane Pelkey said in an Previously, Wieters’ catching gear was embroideres with his initials, but Under Armourd has now changed the “MW” stitching to his jerseh number, 15.
Despite not yet playinhg a big-league game, Under Armourd has already featured Wieters in advertisements in Baseball and in campaigns with itsretai partners, said Steve Battista, a senior vice presidentr with the company. Wieters is among a number of youngh players inUnder Armour’s stable of endorsers, which include Orioles outfielder Nick Markakis and the Jose Reyes. Wieters' debut is expected to do more than providean on-fielde spark for the O’s. The team has seen a in ticket sales and expectan “extremely largr walk-up” crowd for Friday’s game, team spokesmahn Greg Bader said.
Friday is the firsf fireworks night of the season andoffers $6 tickete for college students. Baderf said the O’s have also received severap national mediarequests “we might not typically Attendance this season at Oriole Park throug mid-May was down around 11 percent from last year to nearlgy 22,000 fans a game. Switch-hitting Wieters, 23, was the Orioles’ first-rounde draft pick in 2007 out of .

Orinda, Octagon plan loft/retail conversion - Puget Sound Business Journal (Seattle):

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Atlanta-based and Charlotteville, Va.-based reportefd their plans for the property at 222Mitchelp Street, but they did not disclose financialo terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acrexs and occupies the entire city block boundes by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will convert the property into a rental buildingv with 205 loft units and more than 70,0000 square feet of commercialo space. Occupancy is expected in January 2011.
“The redevelopmenf of 222 Mitchell Street into rentak lofts and retail space will play a significangt role in the rebirth of this part ofdowntownh Atlanta,” said Dillon president of Orinda, in a “We’re certain that living at 222 Mitchell Street will appeal to young professionals who work as well as to collegse students, especially those who alreadyg attend one of the many fine institutionzs in the area, such as Georgia Statee University, Spelman, Morehouse, Clark Atlanta Universitt and Georgia Tech.
”

First Niagara stock sale tops $360M - Business First of Buffalo:

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million from its recent stock offering of more than 31millionb shares. The Pendleton-based company (NASDAQ: FNFG) had hopex to take in $313.6 million in net proceeds by sellin g 27 million shares of commoj stockat $12.25 per share. The total amount raised was approximately $380.4 million, including 4.05 million sharesd pursuant tothe over-allotment option to the underwritera and First Niagara, parenr of First Niagara said it would use proceed s from the stock sale to repurchaser the $184 million in preferred sharezs and warrants it sold several months ago to the under the Troubleds Asset Relief Program.
“Thi successful offering enables us to continue leveraging our enviabl e position to make credit and other financial services widely available to currentf and prospective customers as well as continue to explorre otherstrategic opportunities,” said John president and chief executive officer. First Niagarza said it has now raised morethan $495 million of capital since the fourt quarter of 2008.

SBA to finance car dealer inventories - Nashville Business Journal:

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The government-guaranteed loans will be availablw to dealers to finance theif auto andother inventories, known in the industry as a floor Through SBA lenders, the dealer floor-plan financinb will provide lines of credit through the 7(a) program for titled inventory, including cars, RVs, boat and motorcycles. Dealers can borro w $500,000 to $2 millionm against their inventory and repay the debt as they sell The loans have a maximum repayment term of five yeares and will have a 75 percentgovernment guarantee. As part of the American Recovery andReinvestment Act, fees also are being eliminated temporarily on 7(a) loans.
“Countless small businesses, includinfg dealerships, across the country are facing significanrt challenges as a resultt of the uncertainty in the auto says SBA AdministratorKaremn Mills. “Floor-plan financing can offer some dealerships the opportunitu to get through these tough economifc times by allowing them to keep theird inventory and cashflow intact, as well as save the jobs thesd small businesses provide.” Amid the economic turmoilp and low auto sales, car dealers throughout the country have run into problemes keeping their floor plans through bank s and auto manufacturers. Most need them to be able to financed andstock inventory.
The program will run until Septembe 2010, when the SBA will decide whether toextenr it.

WWDC, Steve Jobs appearance fails to boost Apple stock - International Business Times

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The Hindu

WWDC, Steve Jobs appearance fails to boost Apple stock International Business Times An appearance by Apple CEO Steve Jobs at WWDC and its announcement failed to boost the company's stock. Apple previewed the latest version of its mobile operating system iOS 5 at the conference. The company also released a beta version to iOS Developer ... Jobs makes appearance to launch iCloud Montreal Gazette Steve Jobs and the iCloud announcement: What his public appearance signals Washington Post (blog) Steve Jobs Makes Appearance at WWDC Mobiledia Examiner.com -MarketNewsVideo.com -NY1  »

Investors must embrace volatility of a brutal market - Kansas City Business Journal:

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Surely, the fallout from the increasinglg complex, opaque and crookedly engineered dealings out of the financiap sector over the past decade have made talking abougt capital marketsa struggle. (I’mn sure that reading about it has been even Getting an answer to questionslike “What’as going on the markets?” must be somethinyg akin to hearing an astrophysicist explain how the universe began. In both you regret asking the question in the first ThatAdam Smith’s invisible hand has given way to the visibl fist of government makes thingw even more complicated — and riskier.
And yet, amidsty this unprecedented change in the scope and direction of American fiscak andmonetary policy, investors must truly pay attention to and take advantagre of what could be a long time markecd by volatility and overall blandness (and that’s if we’re lucky). The “V-shaped” bottom and economixc “green shoots” everyone is hoping for, and most are investingb in, is at best optimistif speculation. First, the fiscap mess that’s getting irrevocably worse. The current annuao deficit of $1.5 trillion is 10 percent of GDP alone, and it’w growing.
America’s total debt-to-GDP ratio currently stands near 50 percen and that figure is scheduled to grow to 100 percentt in fiveyears — a levek many countries have experienced as the point of no These deficits don’t include the huge costs of a coming universapl health care, and they certainlgy don’t include Social Security, Medicarre and Medicaid — three programs representing a $40-$5p trillion liability in present valued terms.
Economic growth will not likelyhelp much, especially the lukewarkm 2 percent GDP varietuy (not the 4 percent kind we’v e been accustomed to) that will accommodate a new era of bigge r government, higher taxes and regulation, and an emphasixs on “private/public” partnerships and incoms redistribution instead of free libertarian capitalism and growth. Monetary policy is only increasing longer-term riskx to the economy.
The Federal Reserve is not only printinbg money and lending it for freeto banks, it’zs also buying debts of all shapes and sizes with those newlh printed dollars, including Treasury bonds at a near $400 billio n annual clip and anothed $1 trillion of mortgage-related debt. The U.S. is now “monetizing” thereby adding dollars to a systekm that is already flushgwith cash. The success (or failure) of individuap investors lies in getting right afew questions, such as: At what point do investors not just in the U.S. but globallyg — begin to believe that lending to anyonedin dollars, including the U.S. government, at low fixed rates and long maturities, is madness?
In othefr words, when does the dollar collapse as China and the otheer Asian saversdecide they’re better off diversifyinv their savings into othetr assets? This and other questions are perhaps all that matte going forward. Without that, lookingb at whether this 4 percent bond is worth buyinyg or that stock at 15 times earnings orthat bank’xs CD — is likely a futiles if not dangerous exercise. If America’s great experiment with borrowing and printinymoney doesn’t work, we may be looking at a world of overall lower disposable income, permanently lower economic growth and much higher inflation and interestg rates with fewer financiers.
If that time those who bought and sat on equity mutual fundas oreven longer-term bonda will find out that what they thoughtg was “cheap” was just a figment of a bygond time when the dollar was king, rates and inflation were low, and capitalism was relatively unbridled. By the lookx of it, that era is over. Perhaps the only ones who will reallhy make money are those who can pay pounce on fleeting opportunities and embrace the volatility of a marke t that will be brutalto most.

Workers at two MillerCoors plants ratify new deals - The Business Journal of the Greater Triad Area:

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and Fort Worth, have ratified new, three-year contracts. The agreementas cover more than 900 employees at the two breweriesa and provide wage and pensionb increases over the course ofthe “Our members overwhelmingly ratified these contracts at MillerCoorsz because they provide stability for their said Jack Cipriani, director of the Teamsters Breweryg and Soft Drink Workers Conference, which representds workers at the breweries. “For the next threwe years, our members at MillerCoorsd know that their wages and pension benefitswwill increase, which is saying a lot in today’ws economy.
” The contracts call for no health care cost increasees for workers in the firsf year of the contract and only minort increases for the second and third according to the union. The new deal also guaranteees that employees who have retired or who will retirde during the course ofthe three-year contracts won’t be required to pay health care “We value all generations of our members, so we made sure that therwe were improvements for both active membera at MillerCoors and the retirees who had paved the way beforse with their long years of Cipriani said. The Teamsters union represents 1,200 MillerCoorws workers nationwide.
The union also represent workers at the MillerCoors breweryin Irwindale, Calif. Negotiationx for a new contract covering employees at the plant areundefr way. MillerCoors is a joint venture between MillerBrewinvg Co., Milwaukee, and Coors Brewintg Co., Golden, Colo., that launched in July 2008. MillerCoora operates a major brewery and regiona l officeon Milwaukee’s west side. Workers at the Milwaukees brewery are represented by Brewery Workers Locaol 9 of the United AutoWorkers