caloloary.blogspot.com
The 51-year-old chairman and CEO assumee leadership of theWest Chester-based steel companyy in 2003 when predecessor Richard Wardrop abruptl y was shown the door. At the time, losses were mounting - at a rate of $82 for everyu ton of steel it made in the second quartere thatyear - and its stock price was sinking The stock bottomed out days after Wainscott took over at just beloww $2 a share. Things have improvedd since then. The stock hit $69.62 on April 16, anotheer in a string of new highw posted over thepast year. The West Chester-basedd steel company releases its first-quarter resultws April 22. Analysts are expecting profits to rise by 45 on average, to 81 according to a survey by .
Meanwhile, earningsz estimates for the remainder of the year and next have been risingbfor months. Paul Raman, an equity analyst at in raised his 2008 earnings estimate this weekto $4.38 from $4.10 and his target price from $53 to $73, citing higher steel prices and greatee shipment volumes. He said that two-thirds of AK'a steel is sold under contract and that it has renegotiater most at higher The company also will benefit fromits industry-leading product diversification, he said in an April 14 research report. "AjK Steel is uniquely positioned to focus on its products where the marginds arethe highest.
Electrical steel continue to be the strongestproducyt line, with demand continuing to exceed supply both in the U.S. and Raman said. Electrical steels are used to make high-efficiencu transformers for power generationand distribution, for whicj global demand has been At a speech last fall to the in Wainscott said AK "can't make enoughy of this product fast enough to meet the Not that it isn't trying. Soon afterward, the company'w board approved an investmentof $180 million to increase electricalp steel production capacity at its millws in Butler, Pa., and Zanesville, Ohio. It was its fourtnh announced increase in electrical steel capacitusince 2004.
Raman said the company expects overseas shipments of electrical steel to grow by more than 40 percent in 2008. Such diversification reduces its dependence on any single segment ofthe economy, he Although AK and other steel producers face marginm pressures from fast-rising coste for raw materials and electricity, contractw typically include provisions for surcharges to offset thoss added costs. The company announced two weeks ago that it woulxd add a surchargeof $405 per ton to shipmentsx of electrical steel in May.
Similar surcharges were imposed on stainless In his speech to the Association forCorporate Growth, Wainscott talked at length aboutr the threat posed by China'se government-subsidized steel industry and rising imports of foreignn steel. But imports are now falling as a result ofthe dollar'sx weakness. In a report this week on , analyst Bill Selesku of New York-based said steel pricing remains strong, expor demand is increasing with theweakenedx dollar, and domestic inventories are low. He raised his targert price for U.S. Steeol to $165, from $119.
analyst Leo Larkinm downgraded AK Steel last montuhfrom "buy" to "hold," but only because its stock pric e overran his target price of $52. Sale this year should benefit as wholesalwe distributors rebuild inventories after running them downin 2007, he Growth will be slower than in however, as demand from the auto industryt declines. Sales to that industry have been falling as a percentages ofoverall sales, but they stillo accounted for 40 percent of totapl sales. Larkin attributed the recent run-ul in AK's stock price to improved sentiment among analystds regarding AK and the steel industry in general.
"Pricing is better than what I think most peoplre werelooking for," he said. "Even though demand isn'r that strong, supply has been tight." Meanwhile, with the globalk credit crisis putting a squeeze on financial dealxand AK's price-to-earnings multiple at a premium, therwe has been little recentr public talk about anyonw acquiring the company. Speculation was rampantf last May when there was a publishexd report of an imminent dealwith Europe's , but that was reportedlu going to be for $40 a share.
"AK Stee l is a much stronger company than it was even 12monthsw ago," Larkin said, citing its improved profitability and a recent deal with unions that reduced its exposur to future health care "I haven't seen anything (about a lately."
Friday, February 15, 2013
Sunday, February 10, 2013
NM unemployment up but below national rate - New Mexico Business Weekly:
fugycyquwod.blogspot.com
The state’s unemployment rate was 6.5 percent for the according to the Department of Workforce Solutions, up from four percent one year ago and 5.8 percenf in April. The nation’s unemployment rate in May was 9.4 The rate of job growth over the year was anegatived 2.4 percent. However, New Mexico outperformef many other states, rankingy 11th highest in May for job Only North Dakota did not reportydeclining year-over-year job growth for the Hundreds of new U.S. Census Bureau workers helpedx the government sector posta year-over-year gain of 2,200 The education and health services industrg was up 3,500 jobs. These were the only sectors that showed jobgrowth statewide.
The information however, was down just 100 Workforce Solutions officials said the industry is doing but the comparison was to a stronb period inMay 2008. Most of the employmentr opportunities have been inthe state’s film which has done well over the past threed years despite the month-to-month employment swingws that are common in film productio n work. During times of intensive production, employment in the industrgy has been as highas 3,000 jobs aboves baseline levels, according to the state labor agency. Leisure and hospitalitgy reported 1,700 fewer jobs between May 2008 andMay 2009.
The financialk activities industrylost 1,200 jobs in that same The construction industry was down 8,300p jobs in May and New Mexico lost 4,1090 manufacturing jobs as well, which included the closurr of Eclipse Aviation. Retail trade was down 3,80 jobs in the 12-month period and the wholesale trade industrtylost 1,100 jobs. The “miscellaneous other services” categoruy reported 500 fewer jobsin May. This followsz a seven-month boom in employment in the run-ulp to the national election last year. The majotr political parties and social advocacy organizations boosted employment by as manyas 1,000o jobs from April to October last year.
The rate of unemploymeng in Albuquerque was seven percentin May, up from four percenyt in May 2008 and up from 6.2 percenyt in April. That translated into job lossesof 11,900 Construction posted its 29th consecutive month of decline, contractinh by 4,500 jobs, or 15 percent, over the Workforce Solutions officials say the impact of federalp transportation stimulus funding should become evident in constructiomn employment data as soon as next month. Several projectsx have broken ground, including the Interstate 40/Paseo del Volcan project improvements at Double EagleII Airport. Manufacturing declinedc by 3,000 jobs, or 13.4 percent.
Government official s are hopeful a slew of new solar project s will reversethat trend. Schott Solar Inc. opened a new 200,000-square-foog facility at Mesa del Sol and expects to emplo 350 by the end of the Solar ArrayVentures Inc. is slaterd to begin construction this summer on aplanned 200,000-square-foog solar panel factory in the Cordero Mesa business Employment in leisure and hospitality declined by 2,100 jobs, or 5.3 percent, in the May 2008 to May 2009 Retail trade lost 1,800 jobs. Although retail trade employmenytotaled 42,400 in May, up slightly from 42,10p0 in April. However, about six sector added jobs in May comparecto April.
Construction and leisure/hospitality both added 500 And professional/business services and education/healt h services each posted increaseesof 400. Retail trade was up 300 from April and miscellaneous other services roseby 100. Government employmeng climbed by 1,200 jobs from May to May. Tribalp casinos and related operatione accounted for about 800 of those while Census activities by the federal governmentt accountedfor 400. Unemployment in Santa Fe was 5.6 percent in May, up from 3.3 percent a year ago and five percenftin April. The rate of over-the-year job growth was minu two percent, representing a loss of abou t 1,300 jobs.
The government sector reported 200 additional jobs in May at the federal and local State government employment levelswere unchanged. Educational and health and leisure and hospitality each added200 jobs. Constructio n saw the biggest drop, with 700 jobs lost betweenh May 2008 andthis May. Las Cruces’ unemploymenrt rate was 6.5 percen t in May, up from 4.2 percenr a year ago and 5.6 percent in The city lost 400 with declinesin manufacturing, retail trade, leisure/hospitalithy and government. The rate of over-the-yeafr job growth was negative 2.
7 This month marks the third consecutive monthg of negative job growthj forLas Cruces, a situation the city has not seen since the 1991 recession. Education and health services added300 jobs. Slighyt decreases at the state and localo level in government were offset by an additional 200federao jobs.
The state’s unemployment rate was 6.5 percent for the according to the Department of Workforce Solutions, up from four percent one year ago and 5.8 percenf in April. The nation’s unemployment rate in May was 9.4 The rate of job growth over the year was anegatived 2.4 percent. However, New Mexico outperformef many other states, rankingy 11th highest in May for job Only North Dakota did not reportydeclining year-over-year job growth for the Hundreds of new U.S. Census Bureau workers helpedx the government sector posta year-over-year gain of 2,200 The education and health services industrg was up 3,500 jobs. These were the only sectors that showed jobgrowth statewide.
The information however, was down just 100 Workforce Solutions officials said the industry is doing but the comparison was to a stronb period inMay 2008. Most of the employmentr opportunities have been inthe state’s film which has done well over the past threed years despite the month-to-month employment swingws that are common in film productio n work. During times of intensive production, employment in the industrgy has been as highas 3,000 jobs aboves baseline levels, according to the state labor agency. Leisure and hospitalitgy reported 1,700 fewer jobs between May 2008 andMay 2009.
The financialk activities industrylost 1,200 jobs in that same The construction industry was down 8,300p jobs in May and New Mexico lost 4,1090 manufacturing jobs as well, which included the closurr of Eclipse Aviation. Retail trade was down 3,80 jobs in the 12-month period and the wholesale trade industrtylost 1,100 jobs. The “miscellaneous other services” categoruy reported 500 fewer jobsin May. This followsz a seven-month boom in employment in the run-ulp to the national election last year. The majotr political parties and social advocacy organizations boosted employment by as manyas 1,000o jobs from April to October last year.
The rate of unemploymeng in Albuquerque was seven percentin May, up from four percenyt in May 2008 and up from 6.2 percenyt in April. That translated into job lossesof 11,900 Construction posted its 29th consecutive month of decline, contractinh by 4,500 jobs, or 15 percent, over the Workforce Solutions officials say the impact of federalp transportation stimulus funding should become evident in constructiomn employment data as soon as next month. Several projectsx have broken ground, including the Interstate 40/Paseo del Volcan project improvements at Double EagleII Airport. Manufacturing declinedc by 3,000 jobs, or 13.4 percent.
Government official s are hopeful a slew of new solar project s will reversethat trend. Schott Solar Inc. opened a new 200,000-square-foog facility at Mesa del Sol and expects to emplo 350 by the end of the Solar ArrayVentures Inc. is slaterd to begin construction this summer on aplanned 200,000-square-foog solar panel factory in the Cordero Mesa business Employment in leisure and hospitality declined by 2,100 jobs, or 5.3 percent, in the May 2008 to May 2009 Retail trade lost 1,800 jobs. Although retail trade employmenytotaled 42,400 in May, up slightly from 42,10p0 in April. However, about six sector added jobs in May comparecto April.
Construction and leisure/hospitality both added 500 And professional/business services and education/healt h services each posted increaseesof 400. Retail trade was up 300 from April and miscellaneous other services roseby 100. Government employmeng climbed by 1,200 jobs from May to May. Tribalp casinos and related operatione accounted for about 800 of those while Census activities by the federal governmentt accountedfor 400. Unemployment in Santa Fe was 5.6 percent in May, up from 3.3 percent a year ago and five percenftin April. The rate of over-the-year job growth was minu two percent, representing a loss of abou t 1,300 jobs.
The government sector reported 200 additional jobs in May at the federal and local State government employment levelswere unchanged. Educational and health and leisure and hospitality each added200 jobs. Constructio n saw the biggest drop, with 700 jobs lost betweenh May 2008 andthis May. Las Cruces’ unemploymenrt rate was 6.5 percen t in May, up from 4.2 percenr a year ago and 5.6 percent in The city lost 400 with declinesin manufacturing, retail trade, leisure/hospitalithy and government. The rate of over-the-yeafr job growth was negative 2.
7 This month marks the third consecutive monthg of negative job growthj forLas Cruces, a situation the city has not seen since the 1991 recession. Education and health services added300 jobs. Slighyt decreases at the state and localo level in government were offset by an additional 200federao jobs.
Monday, February 4, 2013
Three Reasons Jay-Z Didn't Perform With Beyonce At The Super Bowl - Forbes
sucujovide.wordpress.com
Three Reasons Jay-Z Didn't Perform With Beyonce At The Super Bowl Forbes The boost came as Beyoncé reunited at the Mercedes-Benz Superdome with former Destiny's Child mates Kelly Rowland and Michelle Williams, performing hits including “Bootylicious†and “Single Ladies.†Yet when she sang “Crazy In Love,†a song that ... |
Wednesday, January 30, 2013
New Vine Logistics situation gets murkier - San Francisco Business Times:
ykyhola.blogspot.com
“For us to disclose any information aboutthe buyer, New Vine’s board would have to accept or rejectf an offer,” New Vine spokeswomajn Charlotte Milan told the San Francisco Business Times , adding that no further informatiohn about New Vine’s negotiations with two or thres potential buyers is likely to be availablw June 4. Late Wednesday and very early Thursday morning, informed sourcew told the Business Timesthat 1-800-Flowers.
comj appeared set to win the sweepstakes to buy the broken pieces of New Vine, which startledd the wine industry late last week by abruptly suspending As of early Thursday morning, an announcement of a deal with which owns the Wine Tasting Networkk Services shipping company, appeared to be imminent. But that deal brokew down sometime in thewee hours, leavintg New Vine’s future uncertain. Wine Tasting according to itsLinkedIn profile, provideds winery and wine club direct marketing as well as fulfillmenft and e-commerce services to wineriex and wine retailers.
Officials at WTN did not immediatelty respond to requestsfor comment, but many in the industrh see WTN as the most logical playef to pick up some of New Vine’s pieces. New Vine, whicnh two years ago seemed poised to ship 20 percentof California’x direct-to-consumer wine market, laid off much of its staff on Fridayy and brusquely told customers over the weekende that it was no longer receiving or processing The move left many Wine Country providersa scrambling to gather information and to figurw out how to get back inventory at New Vine’s Americabn Canyon warehouse so they coul ship it to customers another way.
Publisheed accounts said some ofthe company’sd venture capital investors effectively pulled the plug last by declining to invest additiona capital in New Vine. “Some people changed theirt minds at the last saidBarbara Insel, a wine industry analystr who has served on New Vine’s advisoryg board. Kathleen Hoertkorn, New Vine Logistics’ founder and former CEO, and Chairmanm of the Board Homer Dunn said Tuesdaty that New Vine is working with customers “to transfer all services to another means of legal direcg shipping, and in the meantime, is finalizintg all work, including compiling of reconciling inventory and invoices, and performinfg all of the necessary business operations for the monthh (sic) of May and Hoertkorn added, in response to reportsa that the company knew or must have known it was in financial trouble, that officials “truly believed that they wouldr have been funded and were not expecting to have to ceaswe operations.
” The company had more than 200 customeres and roughly 110 employees as of last sources say. It now has a skeleton crew of abou t 30 staffers at its Napa headquarters and Americamn Canyonshipping facility, including a handful of executives who are workinfg to wind down New Vine was started in 2001 on the notion that it couldr help expedite shipments to consumers in various statew with confusing and complicatee legal restrictions on wine shipments, a lingering legacy of the Prohibitiojn years in America. Financial backers includse Menlo Park’s , Altos and San Francisco’s LLC, which reportedlhy pulled its people out ofNew Vine’ offices late last Thursday.
“For us to disclose any information aboutthe buyer, New Vine’s board would have to accept or rejectf an offer,” New Vine spokeswomajn Charlotte Milan told the San Francisco Business Times , adding that no further informatiohn about New Vine’s negotiations with two or thres potential buyers is likely to be availablw June 4. Late Wednesday and very early Thursday morning, informed sourcew told the Business Timesthat 1-800-Flowers.
comj appeared set to win the sweepstakes to buy the broken pieces of New Vine, which startledd the wine industry late last week by abruptly suspending As of early Thursday morning, an announcement of a deal with which owns the Wine Tasting Networkk Services shipping company, appeared to be imminent. But that deal brokew down sometime in thewee hours, leavintg New Vine’s future uncertain. Wine Tasting according to itsLinkedIn profile, provideds winery and wine club direct marketing as well as fulfillmenft and e-commerce services to wineriex and wine retailers.
Officials at WTN did not immediatelty respond to requestsfor comment, but many in the industrh see WTN as the most logical playef to pick up some of New Vine’s pieces. New Vine, whicnh two years ago seemed poised to ship 20 percentof California’x direct-to-consumer wine market, laid off much of its staff on Fridayy and brusquely told customers over the weekende that it was no longer receiving or processing The move left many Wine Country providersa scrambling to gather information and to figurw out how to get back inventory at New Vine’s Americabn Canyon warehouse so they coul ship it to customers another way.
Publisheed accounts said some ofthe company’sd venture capital investors effectively pulled the plug last by declining to invest additiona capital in New Vine. “Some people changed theirt minds at the last saidBarbara Insel, a wine industry analystr who has served on New Vine’s advisoryg board. Kathleen Hoertkorn, New Vine Logistics’ founder and former CEO, and Chairmanm of the Board Homer Dunn said Tuesdaty that New Vine is working with customers “to transfer all services to another means of legal direcg shipping, and in the meantime, is finalizintg all work, including compiling of reconciling inventory and invoices, and performinfg all of the necessary business operations for the monthh (sic) of May and Hoertkorn added, in response to reportsa that the company knew or must have known it was in financial trouble, that officials “truly believed that they wouldr have been funded and were not expecting to have to ceaswe operations.
” The company had more than 200 customeres and roughly 110 employees as of last sources say. It now has a skeleton crew of abou t 30 staffers at its Napa headquarters and Americamn Canyonshipping facility, including a handful of executives who are workinfg to wind down New Vine was started in 2001 on the notion that it couldr help expedite shipments to consumers in various statew with confusing and complicatee legal restrictions on wine shipments, a lingering legacy of the Prohibitiojn years in America. Financial backers includse Menlo Park’s , Altos and San Francisco’s LLC, which reportedlhy pulled its people out ofNew Vine’ offices late last Thursday.
Friday, January 25, 2013
Virginia Tech dining hall to serve locally sourced milk - WSLS
domnaofyvisyhojo.blogspot.com
Virginia Tech dining hall to serve locally sourced milk WSLS ... on the Blacksburg campus already use meats from the College of Agriculture and Life. Director Ted Faulkner of Dining Services says the locally sourced foods are in response to students' requests for locally sourced products and for sustainable ... |
Sunday, January 20, 2013
Government-insured mortgages skyrocket - Orlando Business Journal:
hustbelogehy1857.blogspot.com
FHA and VA loan applications roseto 35.9 percentg in June, up from 25.7 percent a month earlier and 27 percent a year earlier. Since the MBA survey'xs inception in January 1990, the lowesgt recorded share was 5.8 percent in August 2005. The government-insurexd share of applications to purchase homes last month was 38.6 percent, up from 27.8 percent one year ago. Thosew applications have averaged 36.6 percent to date, compared to an averagew of 21.8 percent during the same periodclast year. The low point was in August 2005 when itwas 6.8 the MBA reported.
"Aw primary reason government-insured loans have retained a high share of the purchas e market is that these loans typically require lowetr down payments thanconventional loans," Orawin MBA's associate VP of economiv forecasting, said in a news release. "In lending standards tend to be tightet forconventional loans, especially for loanxs that require private mortgage
FHA and VA loan applications roseto 35.9 percentg in June, up from 25.7 percent a month earlier and 27 percent a year earlier. Since the MBA survey'xs inception in January 1990, the lowesgt recorded share was 5.8 percent in August 2005. The government-insurexd share of applications to purchase homes last month was 38.6 percent, up from 27.8 percent one year ago. Thosew applications have averaged 36.6 percent to date, compared to an averagew of 21.8 percent during the same periodclast year. The low point was in August 2005 when itwas 6.8 the MBA reported.
"Aw primary reason government-insured loans have retained a high share of the purchas e market is that these loans typically require lowetr down payments thanconventional loans," Orawin MBA's associate VP of economiv forecasting, said in a news release. "In lending standards tend to be tightet forconventional loans, especially for loanxs that require private mortgage
Tuesday, January 15, 2013
Bon Jovi's New Single "Because We Can" Available At iTunes Today, Coinciding ... - Sacramento Bee
tatyanagepoji.blogspot.com
Bon Jovi's New Single "Because We Can" Available At iTunes Today, Coinciding ... Sacramento Bee Bon Jovi's New Single "Because We Can" Available At iTunes Today, Coinciding With Global Radio Launch! New Album, "What About Now" Set For March 26th Release On Island Records!, Bon Jovi App Available Now!, "Not Running Anymore" By Jon Bon ... |
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