Monday, February 28, 2011
Energy executive plans six biofuel stations - The Business Journal of Milwaukee:
Grimes, a managing partner of LLC, Milwaukee, is overseeingf the conversion of a former Shell 5080 S. Pennsylvania Ave., into a biofuepl station called Good To Go that will beginh selling biodiesel fuelin June. In the future, Good To Go statiohn will offer E-85, a gasoline and ethanol mix that’s 85 percenty ethanol, and plug-in bays where electricv cars can rechargetheir batteries. Grimes and a handful of partners have a seconfd Good To Go alternativee fuel station in Little Chutew in the Fox Valley thatsells E-85 and will sell biodiesepl soon. “The business climate for alternative fuels is and we’re attracting more investors,” Grime s said.
But, he said capital markets are preventing the company from openinf additional Good To Go stations earluyin 2009. AUR Energy Partners has options to purchase two petroleumk filling stations in buthe doesn’t expect opening the Shorewood stationd until 2010 at the earliest. Good To Go filling stations are purchasing biodiesel fuel fromthe . Grimez has a 10,000-gallon fuel tank at the Cudahy alternatived fuel stop that will carry Cudahy Mayor Ryan McCuee expects the alternative fuel station to attract other green businessesto Cudahy. “Wre think this will help put us onthe ‘green’ map for otheer startups,” he said.
Grimes is also installiny solar panels at the Cudahy location that will produce electricitgyfor battery-powered vehicles. Electricity generate by the panels will be used at the station and some will be sold back toWe Energies. AUR Energy Partnersx also has a car wash in Little Chute that uses recyclerdwash water. A similar car wash will be installes at the Cudahy GoodTo Go, said Grimes. “Wed need more pioneers to embrace alternativd and renewable fuels because the opportunities are saidMaria Redmond, a biofuels sectorr specialist for the Wisconsin Officed of Energy Independence.
Redmond predictds the amount of biodiesel fuel sold in 2009 throughouf the state will be more than doubles that soldin 2008.
Saturday, February 26, 2011
Flores tapped for Univ. of Houston post - New Mexico Business Weekly:
UH system Chancellor Renu Khator recommendedx the selection of although the appointment is subject to approvalo by the UH Syste Boardof Regents, said the university. Flores woulxd take office July 1, if He was previously interim president and provosttat , following a six-year stint as executive vice president and provost. Flores was a dean and professor of politicall science at Cal State Northridge from 1996 to 2001 and was associat dean of the School of Social Sciences at CalStatre Fresno. The University of Houston-Downtown is a public, liberall arts university. Regent Jacob Monty said Flores is the right fit forthe “giang shoes” of outgoing President Max Castillo.
Flores said in a releasde from the University of Houston that a successful presidenr of any university must be a visionary with goodcommunication skills. “A president must be able to work with a wide variethy of constituencies and be successful in building he said.
Wednesday, February 23, 2011
With goal of raising $33.9 billion, BofA tops $33 billion - Houston Business Journal:
billion. Last month, BofA (NYSE: BAC) sold $13.5 billion in commob stock. The bank issuefd 1.25 billion shares at an average priceof $10.77 per share. BofA also sold a 5.7 percent stake in to Asian investors for a gainof $4.5 In addition, BofA has agreexd to exchange $9.5 billion in preferred shareas for 704 million shares of common BofA says it will garner $1.3 billion from reduced dividends on the preferrec shares. The exchange doesn’t apply to preferrecd shares held by thefederal government. So far, BofA has boosteds its Tier 1 common capitalkby $2.1 billion by reducing a deferredr tax-asset deduction.
And, the bank says it has gainec anadditional $2 billion from the disposition of As part of the company’s capitalp plan, it could issue up to an additiona l 296 million common shares. “We are pleasefd to have nearly reached our goal this saysJoe Price, chief financial officer. The governmen said BofA had toraisee $33.9 billion after conducting “stress tests” on the country’s 19 largest The tests were designed to asseses the banks’ ability to survive if economix conditions worsen more than expected during the next two BofA has received a total of $45 billiom in taxpayer aid under the federal government’s Troubler Asset Relief Program, whichh is designed to thaw the credi t markets and boost the In separate developments, Charlotte-based BofA sold $3 billionj in five-year notes on May 8 and $2.
5 billiob in 10-year notes on May 28 withoug guarantees.
Monday, February 21, 2011
Beyer rules out Virginia Senate race - Washington Post
Beyer rules out Virginia Senate race Washington Post A. Donald McEachin (Richmond), State Del. David L. Englin (Alexandria), Michael Signer, who lost the Democratic nomination for lieutenant governor in 2009. Former Rep. Glenn Nye (D) has ruled himself out. By Anita Kumar | February 21, 2011; 9:59 AM ET. |
Friday, February 18, 2011
Resolution Requested in Bonds Case - New York Times
Resolution Requested in Bonds Case New York Times The federal judge presiding over Barry Bonds's perjury case asked the sides on Friday to find a way to resolve the case before the trial begins next month. In a hearing in San Francisco, prosecutors told United States District Court ... |
Wednesday, February 16, 2011
Early Outburst, Relentless Defense Help Dixon Girls Keep Pace in Title Race - Patch.com
Early Outburst, Relentless Defense Help Dixon Girls Keep Pace in Title Race Patch.com Mesa Verde outscored Dixon 6-2 to open the second quarter, but the Rams responded with a game-ending outburst. Two free throws and a corner jump shot by senior guard Marisa Vela gave Dixon a 19-6 edge. Senior Sophie Kroll's free throws made it 21-6 ... |
Sunday, February 13, 2011
Six Flags files for Chapter 11 - San Francisco Business Times:
The New York-based chain of which runs Six Flags Discovery Kingdom in has been trying to renegotiate terms with lenderxs on hundreds of millionw of dollarsin debt. Six Flags including Discovery Kingdom., will continue to operatee as usualunder reorganization. “The currentg management team inheriteda $2.4 billion debt load that cannot be particularly in these challenging financial said Six Flags Chief Executive Mark Shapiro in a statement. “Asw a result, we are cleaning up the past and positionintg the company forfuture growth.
” who took control of the company in a boardroom battle more than three years ago, and the managemengt team he appointed have been unable to retur Six Flags to profitability. The company reportex a $146.3 million first quarter loss and a sharpl dropin revenue, despite a modest two percent increass in park attendance compared with a year Six Flags is seeking bankruptcy court approval for a prearrange restructuring that would cut its debt by $1.8 billiob and wipe out more than $300 millionm in preferred shareholder stock. Six Flaga failed to win creditor approval for a plan to swap debt for equityy inthe company.
As a resulg of its bankruptcy filing, that exchange offer is no longe r onthe table, the company said. Six Flagzs sold several properties last year to raise It still operates 20 amusementr parks inNorth America.