Friday, March 18, 2011

Progress Energy brings new unit on line - Triangle Business Journal:

Air Purifiers Orange
The unit is in the Raleighg company’s Wayne County Energy Complex near Goldsboro. The $90 millionm combustion-turbine unit, like four others at the can be fueled by either natural gasor low-sulfue oil. Together, the facilities can generater up to836 megawatts. The units provide “peakinv power” generation at times of highest demande such as cold winter morningse or hotsummer afternoons. The Wayne County plant beganb commercial operationin 2000. It is near 474 megawatt Lee Plant, whicgh has three coal-fired units.
Lloy Yates, president and CEO of ProgresxsEnergy Carolinas, said in a writtem statement that the additional capacit is a critical part of meeting futur energy needs. “Summer typically brings the highestf peak demandfor electricity, and we’re ready for whatever Motherf Nature brings,” he said.

Tuesday, March 15, 2011

Beige Book finds signs of life in economy - Boston Business Journal:

Haier HPR09XC7
The Beige Book, an anecdotal account of businesx conditions compiled by each of theFederal Reserve’x 12 district banks, says manufacturers reported higheer orders and shipments in late April and May in the Fiftj District, which includes the Virginia, Maryland, most of West Virginisa and Washington, D.C. The report says residential real estatse agents saw a slight rise in home Residential lendingalso grew. On the negative side, the report found highee vacancy rates in commercial realestate markets. Demande for commercial loans remained weak as credit qualityy continuedto deteriorate.
Also, retail revenue declines as salesof big-ticket items such as automobiles Services firms reported lowe r sales and revenue. The report makes severak references toNorth Carolina, though no businesses or contactz are named. Among the •Several grocery stores and executives at two central Nortg Carolina chain department stores said revenuee and foot traffic increased inrecent weeks. •qA producer of residential doors in North Carolina told the Fed that demandd had pickedup slightly, which the business attributes to customers needing to replenish depleted inventories. •Tourist activitty along the coast was slightlyy weaker compared with ayear ago.
contacts on the Outer Banks andVirginia Beach, Va. told the Fed that Memoriall Day weekend bookingswere strengthening. A contact from the Outefr Banks of North Carolinaa noted the wedding industryremained strong, but rental sales and hotepl bookings were somewhat weaker than last •An agent at a Raleigh employmenty agency told the Fed that demand for workeres would continue to be slow in the next severao weeks due to a slowdown in manufacturing, but he expectas work to pick up in Another Raleigh area agent expected stronger demand due to improvinb confidence in the businesas community.

Sunday, March 13, 2011

Buyers, suppliers flock to NAFTA Institute

http://eastlakederry.com/index.php?main_page=privacy
More than 660 investors and government officials packed theJune 11-123 event at Sunland Park Racetrack and Casinoi in southern New Mexico. The annual conference – launched afted the U.S., Mexico and Canada signed the Northh American Free Trade Agreement in 1993 has become a premier event for entrepreneursxto network, discuss trade and hammer out cross-border business said Jerry Pacheco, executive director of the Internationalk Business Accelerator and a principapl conference organizer. “It’s a networking fest,” Pachec o said.
“Last year, we had record attendance with 630 and this year we had even We have a black eye from the recessiomn and all the bad publicity about violence in Mexicko andswine flu, but this showes we’re still doing business on the border and people want to continuw building trade relations.”

Tuesday, March 8, 2011

Blue Cross and Blue Shield of North Carolina CEO Greczyn says health-care reform will come slowly, if at all - Denver Business Journal:

cityor-comealong.blogspot.com
Greczyn, speaking during the Triangle BusinessJournal ’s State of Chapel Hill evenyt Friday morning, said he has been in talkz with the White Hous over various reform plans, and that while he supportx national health-care reform, he does not see any significan t changes for five to 10 “We’ll be having a lot of fun with this,” he said of health-care reform discussions. BCBSNC drew national attention last monthu when published a story saying theChapel Hill-basexd insurer, which is the 10th largest in the was creating a online campaign to derail health-carew reform. The article led to Greczymn receiving phone calls from theWhitew House, he said.
Greczyn said The Post had insufficien t information when it ranits story. The insurerd has posted those videos on aWeb www.nchealthreform.com, which the company says is intended to help educate North Carolin residents about health reform. Greczyb said he has concerns about the plans that are makingt their way throughthe nation’s saying a plan sponsored by Sen. Edware Kennedy (D-Mass.) would cost $1.3 trillion, while a plan from Sen. Max Baucuxs (D-Mont.) would cost $1.6 He also said neither plan mandates that business owners providre health insurance fortheir employees.
Greczyn said most uninsured workers are employec by companies with 25 workers or fewer and that the Kennedy bill would leave 37 million ofthe nation’d 47 million uninsured stillp without coverage. Different organizationx weighing in onthe health-reform plans have disputes those numbers.

Saturday, March 5, 2011

Penske losing Big Lots logistics contract - Business First of Columbus:

http://freesoftwhere.org/2010/02/08/getting-things-bird/
is packing up this summer at thediscount retailer’s headquartera and four other distribution facilities after the merchanf opted to not renew a logisticsd contract that expires in July. The Reading, Pa.-basefd Penske said 186 workers, including 53 in could be affected when its contractwith Columbus-bases Big Lots (NYSE:BIG) expires July 31. Penske spokesmann Randy Ryerson said the company has worked with the retailer since 1991. The 1,300-store Big Lots has chosen a new third-partyy logistics provider to continue the warehousingv and distribution work that Penske performed atthe retailer’se Phillipi Road headquarters and its distribution centers in Pa; Montgomery, Ala.
; Rancho Cucamonga, Calif.; and Durant, Timothy Johnson, Big Lots’ vice president of strategid planning and investor relations, said more than a dozejn carriers bid for the work. He declinerd to disclose the company Big Lots selected tosucceeed Penske. Big Lots and Penske representativessaid they’re workinf with truck drivers looking to continue work under the new logisticsa provider. Johnson said the company met with worker s over the weekend to introduce the new In the event that some workersare cut, Ryersohn said privately held Penske will work with the statee “to make sure employees are aware of different Penske employs about 20,000 workerw worldwide.
Asked why Big Lots opted to bid for a new contractor after thelatest five-year contract with Penske, Johnson “a lot has changed in transportation in the past five We owed it to our associates and shareholderas to take a fresh look at how we handled outbound transport.” The loss of the Big Lots contract comesw less than a year afterd Penske was replaced at a warehouse in Chattanooga, Tenn.-based last fall stepped in at the where Penske had employed 146 workers. Pensker has 400 logistics centers Its Central Ohio operations include a number of distribution and warehousing facilities inthe region.

Thursday, March 3, 2011

Backtrack on mutual divorce, face contempt proceedings: HC - Times of India

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Backtrack on mutual divorce, face contempt proceedings: HC

Times of India


NEW DELHI: Couples who mutually consent in court to get a divorce but later have second thoughts can be hauled up for contempt of court, the Delhi high court has ruled. Justice GS Sitani recently held one Gaurav guilty of contempt of court because he ...



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