American Woodmark loses $2.9M - Charlotte Business Journal:

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Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reportede Friday that it lost $2.9 or 21 cents per diluted share, in its fiscal fourthh quarter endedApril 30. That compares to net incomd of $36,000, or zero cente per diluted share, in the year ago Restructuring charges in the quarter amountedeto $9.75 million and includede the costs to permanently close two factoriesw and reduce its salaried payroll. Revenuwe in the quarter slipped 2 percentto $140. million. For all of fiscal year 2009, American Woodmarkm lost $3.23 million, or 23 cents per dilutedd share, compared to making $4.27 million, or 29 centa per diluted share, in fiscal year 2008.
Revenues for fiscal year 2009 declined 9 percentto $545.89 million. American Woodmark is the third-largestr cabinet maker in the U.S., selling its products to homebuilderzs andat home-improvement stores around the country. Durinb the latest quarter, American Woodmarl said it saw an increase in remodeling salez but experienced greater declines in its new constructionm business than experienced earlier in thefiscal

Ohio lagging in getting feds

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The state has until June 29 to get federa l authorizationfor $327.5 million in transportation stimulus As of May 28, it had received authorization for 50 percen of that total – far behind the pace set in othefr states, which collectively have approval for 92 percent of the With a wide range of transportatiojn infrastructure needs and big budgegt woes, a lot is on the line for Ohio as it race to meet the authorization requirement laid out by the federal stimulus program.
If Ohio doesn’t meet the deadline, it would give up the amounyt it fell short and the moneyh would be given toother “It would be a bad said Robert Lawler, transportation director for the , who notesd a recent study of statre transportation infrastructure networks that gave Ohio a C-minuzs grade.

Guapo Government protest - Trinidad News

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Guapo Government protest Trinidad News A small band of parents joined with their children from the Guapo Government Primary School to stage a protest yesterday in front of the school located along the Southern Main Road in Guapo, Point Fortin. PTA President, Charmaine Mohammed, described a ...

Hurricane could devastate shaky real estate market - Orlando Business Journal:

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But a far larger threat loomsa with the start of hurricane seaso nnext week. The nightmare scenarip is a major storm that sweepsx across a region pocked with foreclosedrreal estate, leaving the neglected property in empty of responsible homeowners. Nobody knows how big the problem might be, but with hundredw of thousands of empty properties in the state, it coulfd be huge. Banks holding foreclosed real estate and defaulterd loans said they have planse in place to move in with boards and tarps to covef broken windows andshreddedd roofs. But real estate experts said noboduy has ever gone through a storm with so much empty property hanging inthe balance.
“Florida is livinhg with a huge risk,” said Jack McCabe, presidenrt of in Deerfield Beach. “There are 400,000 foreclosures in the state righyt now. We have condominiums that are half-built and otherxs that are 10 [percent] or 20 percent occupied. All you have to do is look at New Orleanes after Hurricane Katrina to imagined whatmight happen.” After Katrina strucik New Orleans in 2005, huge swathsa of the city were destroyed when levees brok and water inundated the city. Large areas are stillo only thinly rebuilt.
Florida’s real estate market differs fromNew Orleans, but its large number of empty dwellings and the rising tide of foreclosurew poses a unique According to the , 21,900 of Orange County’s 491,000 dwellings were empty for more than threw months in March. Statewide, 365,000 of 9.1 millionn homes were vacant. Estimating the value of that propertty isnearly impossible, since it’e a mixture of foreclosed homes, never-sold dwellingse and simply unoccupied real estate. This bad drea m is filled with nuance. Larger banks typicall y have departments that managr foreclosed property and have contracts withmaintenancwe companies.
Their main financial motive is keepinvg property in good repair so it can be resolr for areasonable return. But real estate pricess have fallen so low in many markets that the cost of repairinyg a heavily damaged house mighft be greater than itsresale value. And if emergencyg repairs aren’t undertaken right after a the subsequent damagefrom wind, rain and mold could add substantially to the rehabilitation cost. Although banks have plans for dealing withnatural disasters, few are well-equipped to responrd to a devastating storm. “The lenders have cut way back ontheid staffs,” McCabe said.
“Anybody who thinks they have the ability to meet with insurances companies and go out to houses to assess damagesa isdeluding themselves.” The problemn is compounded by the sheee number of lenders. Some mortgagse brokers and banks that hold loans inFloridwa don’t have offices here or have dire financial problems of their own. “Most banks don’t have people familiar with theswe sortsof problems,” said Peter Brennan, vice presidengt of J. Rolfe Davis, an Orlando insurancre agency. “Most bankers don’t know what to do when a roof gets blowmn offa house.
” Fifth Third Bank, Central Florida’s 12th-largest has retained two property maintenanc e firms to inspect and repair its The bank has fewer than 300 foreclosed Floridsa properties on its books. “Once an asset becomes ours and is we do anything we can to preservethe property. If we suspecy damage, from a leaky pipe to a leak roof, we fix it,” said Michelde McCoy, Fifth Third’s vice president for default Orange County Property Appraiser Bill Donegan said there areabout 3,600 foreclosedx properties worth about $522 milliomn in Orange County, and of 1,200 have been resold.
“My assumption is the bankw and management companies would swoop in afterd a hurricane andmake repairs,” Donegan said. Most banks also insurr foreclosed properties. “I don’t thinko there’s a major issue related to insurance coverage,” said Tom TerBeck, senior credit officedr with . “Still, I wouldn’t say everybody in the industr is ready fora hurricane.” Yearws of disrepair ahead? Ken Direktor, a real estats attorney with the law firm, said anyone who thinksz a hurricane in an urban part of Florida woulfd play out like past hurricanes is mistaken.
“Bankx are delaying foreclosures on properties becausethey don’r want to be responsible for them.”

Shaq grabs top spot on Highest-Paid Athletes list - The Business Journal of Milwaukee:

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Business Journal researchers combed informationfrom MSN.FoxSports.com, SportsCity.com, Cot’s Baseball Contracts, PGA Tour, team Web sitesd and Wikepedia.com to rank the Phoenix-area’s 25 highest-pai sports stars based on 2009-09 salary or O’Neal outpaced his closest rivap by a couple million bucks. Arizona Cardinals wide receiver Larry who help drive the team to the Super Bowlthis year, came in second with $17.1 million. O’Neal won three NBA Championshipsw with the Los Angeles Lakere and one with the Miami Heat before beingb traded tothe Suns. He averaged 24.7 points and 11.3 reboundse per game during his career.
Roundinb out the top five are Suns playerxAmare Stoudemire, $15.1 million; Steve Nash, $12.3 million; and Jasonj Richardson. $12.2 million. The highest-paid member of the Arizona outfielderEric Byrnes, $11.7 million, came in at No. 6. Linebackee Karlos Dansby led the fiel d for the Arizona Cardinals takingin $8.1 million at No. 8. Phoenisx Coyotes defenseman Ed Jovanovski scored the top pay on his teamat $6.5 for the No. 11 The only golfer to make the list was Phil Mickelsobat No. 19 with winninga of $5.2 million. The complete list appears in the June 5 pring edition of the PhoenixBusiness Journal. To subscribee or order a copy ofthat jbertolino@bizjournals.com.

Emergent BioSolutions anthrax vaccine gets boost - South Florida Business Journal:

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The Rockville-based company’s BioThrax has been granted a shelfv life extension from the from its current three years to Under its contract with the Department of Health andHumabn Services, the extension triggers a milestone payment of $30 millionh for doses of the vaccine alreadyh delivered to the Strategic National Stockpile. Emergent expects to recor d that payment as revenuethis quarter.
The shelc life extension also allows Emergen to charge more for future doses of the vaccinr delivered tothe government’s That could raise the value of the contract to as much as $405 million over the next several Last year, the FDA approved a reducec vaccination schedule to five Emergent continues research that could lead to a furthet reduction in the number of doses required, as well as the vaccine’w use to treat patients after being exposed to not just as a pre-exposure vaccine. Emergenr has supplied the government’w stockpile with 33 million doses of BioThraxso far. It is contractedc to continue adding to stockpile throughlate 2011.
BioThrax has been used to vaccinates more than 2 million military personnelk since the government first started buyin the vaccinein 1998. Emergent stock (NYSE: EBS) was up 90 centas to $14.63 per share in afternoon

Air Kerala: State to press Centre for relaxation in regulatory norms - South Asia Mail

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Air Kerala: State to press Centre for relaxation in regulatory norms South Asia Mail "When Air India Express was floated, the Centre made some relaxations in the regulations. We are seeking a similar gesture from Centre for our the Air Kerala," Chief Minister Oommen Chandy said. Air India Express was given certain relaxations citing ... and more »

GOP registration worker charged with voter fraud - NBCNews.com (blog)

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U.S. News & World Report

GOP registration worker charged with voter fraud NBCNews.com (blog) The suspect, Colin Sm »

Human Capital: People on the move, June 5 - Pacific Business News (Honolulu):

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, a Boston-based technology company servinyg students, educators and employers, added Ted Fischer as executive vice presidenyof sales, partnerships and strategic Fischer was previously a partner at . Sun Life Financial name s Deschenes senior VP and GM of its annuitiez divisionThe U.S. division of , basedc in Wellesley, named Stephen Deschenes seniotr vice president and general manager of itsannuities division.
Deschenes joinds Sun Life from , where he serverd as senior vice president and chiegf marketing officer for the retirement income Furman Gregory LLC adds Deptula as partner Furmahn GregoryLLC , a Boston-based corporate law firm now known as Furman Gregory Deptula, added George Deptula as a partner. Deptula most recentlt practicedat Vena, Riley, Deptula LLP, and continue his practice in trial and appellate cases, lega services, and mediation and ADR. Williajm A. Berry & Son promotes Corcoranj as project designerWilliam A. Berry & Son Inc. , a Danvers-basecd construction management firm, promoted Josie Corcoran to projecgt director.
She has served as a project manager at the firm for the pastnine years. Nixomn Peabody's Milder elected chairman of ; Braich named to firm's IP team Forresft Milder , a partner in the Boston officer of Nixon PeabodyLLP , was electe d chairman of the American Bar Association ’s Forum on Affordable Housing and Community Development for the 2009-2010 year. In othert firm news, Nixon Peabody added Ravinderjit Braich to its intellectual property departmeng in the Boston office as apatengt specialist.

Suburbs steering clear of banks - San Antonio Business Journal:

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The cities of Lakeway and Westlakes Hills have each quietlyh passed ordinances either banning or restricting bank City officials have concerns abou branches taking up prime real estate and limitint sales taxrevenue growth. "We'rer not trying to eliminate banks, but we want them to meet the same test as any othetr business coming toour city," says Lakeway Mayort Steve Swan. Banks are drawn to the two communities because of theire growing populations and because they have the highest incomes in theAustin area. Westlake Hillsz and Lakeway are two of the most desirable spotw inthe region, says Daniel Hodges, presiden and CEO of .
"The lifebloor of a bank is originatingy andretaining deposits," Hodges says. However, both communitiesd want more stores andrestaurants -- which yield sales tax revenue -- for the benefift of residents and the city government. In the the Lakeway City Council added bankz to a list of businesses that must move througu a permitting process that was reservecfor fast-food restaurants with drive-thru windows. the city did not require banks to go throughj a uniquepermitting process.
The move in Lakewayg was spurred by the dozen bank branches ona three-miler stretch of FM 620, the only majore road in the town of 9,545 The median household income for Lakeway was $86,862, according to the 2000 At Regions Bank, managers say they were not aware of the bank moratoriujm in Westlake Hills, and say permitting stepsd in Lakeway will not be a major hurdle for However, Tommy Gonzalez, consumer sales manager over Regions' 13 says the cities should considerr the reliable property taxes paid by Restaurants may bring in sales tax but have high failure he says.
"Of course, we have been perplexed a littlew about the number of bank that have chosen to locatein Lakeway," Swan says. "AA lot of us would prefer to see a sales tax generating use of ourprecioua [FM] 620 frontage Swan was not sure Lakeway could go as far as nearbyg Westlake Hills did in the fall when it passed a moratoriumn on new branches. Such bans on developmen are often used by cities to restrict pawn shops andliquore stores. The step was needes in a town whose size is roughly three square milesz with a dozen banks along the main thoroughfare of Bee Cave says Westlake Hills City CouncilmanEarl Broussard.
Accordinh to the 2000 the median household income of Westlaked Hillswas $116,905. There are an estimated 3,053 Two landmark businesses, a restaurant and a hardwarde store, closed and were replaced by banks. That sparked the council's desire to examine the placemenrof banks, says Broussard, adding that the ban has lastecd too long. He says the issue should be revisited this Broussard says the ban was needede in the past because banks were too indiscriminats over where to setup shop, sometimes not havingv ATM or drive-thru services.

Tranzyme Pharma mulls cash options to test drug - Triangle Business Journal:

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With solid results from phase II clinical trialin hand, Tranzyme Pharma has threr choices for its next move – findingb a partner, raising as much as $60 milliomn or selling the company to underwrite huma n tests. Vipin Garg, the Durham company’s presidenft and CEO, says phase III clinica trialson Tranzyme’s lead drug, a treatmenyt to help restore the gastrointestinal tract to normalp function following abdominal surgery, are scheduled to start early next year.
Garg says his company is talking with six larg e pharmaceutical companies based in the United Statee and abroad about a partnership or even a sale of the company that couldtake Tranzyme’s drugz all the way to commercialization. A third option is another rounsd of financing forthe venture-backed company. Tranzyme has raisee $60 million to date from investors including , Quaker BioVentures and . “We believe there’es a deal to be done,” Garg “It’s a question of, can we find the rightf deal?” Tranzyme’s lead TZP-101, treats a condition called postoperativ ileus.
Following intestinal surgery, the gastrointestinal tract sometimesw can ceasefunctioning normally, says Dr. Greg Waters, a colorectakl surgeon at . The condition essentially paralyzesdthe intestines, which temporarily stop digesting food and Waters says doctors don’t know exactly what causea postoperative ileus. But doctors believe the conditionh may be a responsde to the handling of intestines durinyg surgery as well as the effectof pain-killinhg narcotic drugs.
For patients, it means discomfort and nauseaw that can last anywhere from a few days to two Garg says that byrestoring patients’ intestinal function more TZP-101 could help patients recover sooner and shortehn their hospital stays. Thred years ago, Tranzyme considered financing drug development and clinica trials of the drug by raising between $60 million and $80 million in an initiapl public stock offering. Poor markeft conditions kept the company from pursuingan IPO, Garg Tranzyme CFO Richard Eisenstadt says it mighyt still be hard for Tranzyme to pursuer an IPO even when markey conditions improve.
There’s a backlog of companiesw that have had IPOson hold, and investorw might also be looking for companiesx that are much closer to bringing in he explains. Eisenstadt says Tranzyme has accessto $20 which is sufficient to start phase III trials for TZP-101q and to start phase II trials for TZP-102 is a tablet to be administerec on an outpatient basis. It is intended to trear gastroparesis, a condition in which damaged stomachg nervesdelay digestion. Garg says TZP-102 couldd fill the need vacatefdby Propulsid, a product developed by subsidiary that reacher $1 billion in sales in 1999 befors being withdrawn in 2000 because it was linked to heartt problems.
Waters says only one drug on the market treatespostoperative ileus. The in May approved the drug Entereg, developexd by Exton, Pa.-based in partnership with . Wateras says Entereg blocks the effecft of narcotics onthe intestines. That’s a different approacbh than the one takenby Tranzyme. Garg says TZP-101q activates receptors in the gastrointestinap tract to restoreintestinal function. Therer may be other companies lookingy to take other approachezs to treatingpostoperative ileus. Waters says he has noticexd a number of startul companies working on developing drugs forthe “This is an area that a lot of peoplde are interested in,” he says.

Maori consultation over SOE plan 'waste of time' - Radio New Zealand

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Otago Daily Times

Maori consultation over SOE plan 'waste of time' Radio New Zealand Mr Bell says the consultation was just an exercise to show that if the matter goes to court the Government is seen to have consulted with Maoridom. He says it was a waste of time, which makes him annoyed. Meanwhile, Felix Geiringer, the barrister for ... Government going to court over asset sales 3News NZ (blog)  »

Federal health chief Sebelius praises Colorado insurance efforts - Denver Business Journal:

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Sebelius, who was governor of neighborinv Kansas before being appointexd by PresidentBarack Obama, said Ritter has “dond extraordinary work to cover children in Colorado.” She referred to Ritter as a “goor colleague and friend.” The conference call was held to publicize $40 milliobn in grants Sebelius’ department was makinvg available to organizations nationwide to reach people who are eligibl e but not yet enrolled in Medicaid and Children’s Healtyh Insurance Programs.
In total, the department committec $100 million over the next four years to promotinbthe government-run programs, which Sebelius said are more criticap than ever with national unemployment hitting 9.5 “When parents lose their jobs, they lose insurance for themselvesw and their children,” Sebelius Since 2007, Sebelius noted that Ritter’s effortsx have helped enroll 67,000 more Colorado childre n in Medicaid and Colorado’sw children’s health program — a 27 perceng increase. Ritter, who participated in the conferencew call, said the state has used a combination of paid unpaid media and outreach to healtj care nonprofits to get the word out onthe programs.
“There are too many people who are eligible but not enrolled in government plans,” Ritter said. “...It’s criticalo for families to know about servicesa availableto them.” The grants come as federaol legislation making up to 4 millioh more children available for government healtuh plans goes into effect. But the statewided efforts to make Medicaid available to more Coloradane have been somewhat hampered by the deteriorating Earlierthis year, legislators cut Medicaid reimbursementzs by $30.8 million in an effort to plug gaps in the state’se budget.
The Colorado Department of Health Care Policygand Financing, which was given some flexibility in implementing the aimed to lower costs by reducing “avoidabl visits” to emergency rooms and encouraginh primary and preventative In doing so, the departmenft excluded primary care, preventative care and dental services from takintg the cuts. Other medical professionals who serve Medicaid clients will see a rate reductiom no greater than2 percent.

Pier 1 sales down, but posts profit - The Business Journal of the Greater Triad Area:

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The profit for Fort Worth, Texas-based Pier 1 (NYSE: PIR) compares to a net loss of $33 or 37 cents a share, durinbg the same period last year. During the first Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributesd this drop in sales to a reduction in the numberd of stores operating anda 7.5 percenf drop in same-store sales – or salezs at stores open for 12 months or more. Compareed to last year, inventories are down by $91 million. The company also reduced its consolidated long-term debt by $79 million and postecd a $48 million gain on the repurchasedof debt.
Going forward, Pier 1 said it is negotiating rental reductions with landlords acrosNorth America. Pier 1 has now reached agreements in principap to end leases for 22 stores and will be shutting down an additionalfive locations. “To date, the compangy has achieved approximately $9 million in rental savings for fiscao 2010 and expects to close approximately 50 the company said ina

Biden-Ryan Debate Likely to Be Combative - Wall Street Journal

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NBCNews.com (blog)

Biden-Ryan Debate Likely to Be Combative W »

Given the chance to excel, Moss making an impact - MLB.com

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Given the chance to excel, Moss making an impact MLB.com The Oakland Athletics have made it to the American League Division Series with two left-handed power hitters that at one time were the property of the Boston Red Sox. Red Sox Nation need not be reminded of Josh Reddick and Brandon Moss, two of ... and more »

Trump developers must leave deposit interest alone, judge says - Tampa Bay Business Journal:

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SimDag received the violation letterlast June, and in Augusyt the developer was ordered to a municipal code enforcemeng hearing scheduled for Oct. 15, accordin g to court documents. The city’s code enforcement department said the Trump site was in a statse of disrepair including overgrowthof vegetation, accumulatio of debris and a damagedx fence. On Sept. 25 severalp workers with hand tools were seen tackling the heapsd ofovergrown vegetation. The code enforcementg board could levy fines of upto $5,00 per day for continued although many fines are reduced if code issuex are cleared up by a certain time.
SimDatg had made up to $700,000 in interesty from buyer depositsof $19 court documents say. SimDag had hoped to use the remaining depositt money toward cleaning upthe site. Some however, scrambled to opposre SimDag’s motion. Allena Burged of filed a response Sept. 16 claiming that the interes on the escrow payments is the property of thoses who made deposits and should not be used for site Jay D.R. Magner, who says he is still owed $240,00 0 from SimDag, also asked the judge to deny the request.
A secone buyer, Jean Shahnasarian, questioned the amount of money left in the escroqwinterest account, however, saying that the interestf earned on her cash deposit of $139,00 0 alone would’ve generated more than $20,000. “There appears to be a significanf amountof interest, which is now apparently missing, and the debtort has not disclosed its whereabouts and the escroww agent has not reported what may have happened to the fundsd if deposited into the account,” Shahnasarian’s attorney, Larr Foyale of , said in a court In his order, May said the interest fund s will remain with the unti l he decides what to do with it.
SimDag/RoBEL, whicb planned to build a 52-story condominium complex on Ashley Drive indowntowm Tampa, sought Chapter 11 bankruptcy protection June 17.

Abercrombie shutting struggling Ruehl chain - Orlando Business Journal:

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The New Albany-based apparel merchant said Wednesdayu it willshut Ruehl’s 29 stores and direct-to-consumer operations and will be “substantially complete” with the effort by the end of next The decision comes a month after Abercrombie took a deep strategic look at the which targets young adults with clothes and Ruehl, whose only Ohio store is at Easton Town generated a pretax operating loss of $58 millio last year. The chain regularly was Abercrombie’s weakest sales performer at stores open at leasfa year. Ruehl’s same-store sales were off 33 percenyin May. Abercrombie earned $272.32 million on $3.54 billion in revenue last year.
“Ift has been a difficult decision toclose Ruehl, a brandc we continue to believe coulds have been successful in different circumstances,” CEO Michaekl Jeffries said in a “However, given the current economic we believe it is in the best interests of the company to focus its efforts and resources on the growtj opportunities afforded by our other brands, particularl y internationally.” The company didn’tg disclose the effects on the chain’s work force, nor did it indicater the number of jobs tied to Ruehl. The review of which opened in 2004, cost the company about $51 million in impairment charges in itsfirsft quarter.
Abercrombie expects to book aboutr $65 million in pretax charges through the rest of the fisca l year as it winds down The company Wednesday also said it amended a credig agreement to excludesome Ruehl-related charges from requirements under its covenangt with the lender and reduced its availablwe credit to $350 million from $450 Jeffries said the company is confidenft is has sufficient cash on hand but “wed believe it is prudent to make these in light of the recession-battered retail environmenrt and the one-time Ruehl costs. In additiomn to the 29 Ruehl stores, Abercrombie runs 350 flagship storees and 733 others under the Hollister Co. and Gilly Hicks nameplates.

All Virgin America flights now Wi-Fi enabled - Puget Sound Business Journal (Seattle):

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The San Francisco airline is using Aircell’s Gogo broadband in-flight internert service on all ofits flights. Virgin said it will charge $12.95 for daytime flightes over three hours, $9.95 for daytimd flights of less thanthree hours, $5.945 for red-eye flights and $7.95 for handheldf devices. Virgin America is battling Seattle-based Alaska Airlinea on routes up and down the West Alaska Airlines, a unit of ALK), is testing for its Wi-Fji a different technology — a service from tech company Row 44. Alaska’ws service, currently being tested in justone plane, uses satellite technologt instead of broadband.
This allows the Wi-F to be used on overseas serviceto Hawaii, as well as othere locations where broadband isn’t available. Alaska hasn’f set prices yet for Wi-Fi service, nor has it said when it will roll outexpandef service, other than saying it will installk it in additional aircraft “in the cominv months.”

Dayton region lands stimulus funds to improve water quality - Orlando Business Journal:

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The added three Montgomeryg County projects to its revise d American Recovery and Reinvestment Actfundabld list. • Lesher Drive Sanitary Sewer Rehabilitation willreceive $150,000 in water pollution control loan funds; • Soutjh Dixie Sanitary Sewer Linin will receive $215,000; and • Western Regional Tertiarh Filters Rehabilitation will receive $1.2 millioj in stimulus funds. Final approval of these projects and othersw announced earlier are still subject toregulatorh approval. Other Dayton-area projects scheduled to receivse fundinginclude $506,750 to connect Sidney supply service to Hillview in Shelb County, $6 million to upgrade high service pumps in and $1.
8 million for a meteringt project in Sidney. The state is receiving $58.5 million in stimulusa funding for drinking water projectsand $220.6 milliom in stimulus funding for water pollutionj control projects.

Area colleges brace for substantial energy cost hikes - Boston Business Journal:

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The price of natural gas, oil and electricithy have risen rapidly in just a few While that’s a headache for everyone, collegew and universities, which have to power sometimeds sprawling campuses, are facing jumps in their operatinv budgets for keeping dorms and classroomse lit, heated and cooled. Having to maintain fleetxs of campus vehicles makes the situation even more The result is that many campusese anticipate paying out more moneyfor energy, costs that in some caseas will be absorbed by the schoolws but in other cases will be passed alonv to students.
“I have to believe that everyone, is saying this is a very seriouzs problem,” said Tom Costello, chief informationh officer and facilities officer atthe . He said the which has 11,208 students as of last year, expects a nearly 100 percent increase for the cost of During the last academic year the collegde planned on spendingabout $6 million on Costello said, adding this year that numbed will likely jump to $10.5 million. in Nortbh Andover plans to spendabout $3.47 million on utilitiees this year, a 12 percent increas e over last year, said Roberft Coppola, director of the physical plant department at the college.
Boston-baserd increased its utility budget by 8 percentt overlast year, spokesman David Rosen said. And the expectas to see a 27 percent spike for utilities over theperviousa year, said Randy director of utilities at MIT. At the budgetr for heating and cooling facilities will rise 13 percentto $4.8 but the costs of running campus vehiclee will jump 123 percent to $125,735, said spokeswoman Karehn Cady. To combat those kinds of increases the collegde will buy only hybrids inthe future, she said. Just aboutt every campus is attempting to employmore energy-efficientf technologies to defray any huge increases.
“What we’rer trying to do is hold the dollatcost constant,” said Gordon director of facilities planning and managemenft at , which for the past two yearzs has spent about $6 million annuallty on utilities. Boston-based Suffolk has spent $830,00o0 on energy-efficient technologies in the past he said. But most campuses can’tf utilize energy saving products as fast the current pricesof oil, gas and electricity rise, so inevitablgy at least a portion of the increases get passeds down to students.
For Salem State College’s board of trusteesx recently approved a 4 percent increassin fees, a quarter of which went for financialp aid and the rest went to energy Cady said. The fee breaks down to a $250 a year increasd per student. Many timesz the increases to room and boardx that come from higher energhy prices are not immediate becausre schools lockin long-term energy but “rising energy costs are usually one of the biggestr impacts on the operating said spokesman Colin Riley. Riley wouldn’t provide figures for any budget increases BU mighyt facethis year, but room and boarxd costs will rise by 4.3 percent to $11,418 a year per student.
Most colleges and universitiessaid they’ll watch the energu markets closely, snapping up contracts when prices dip. But Costello said there’s a fair amoung of luck involved in stayingwithin budget. “We’res going to hope $10.5 millionj is going to (be enough), but if we go to, say, $11.65 million, we’re going to have to find a way to do it shorf of turning off the heatand lights.
”

Duffie joins Littler Mendelson - Business Courier of Cincinnati:

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Duffie has been practicing employment and labor law for37 years. Duffis was a managing partner ofHunton & Atlanta office and later co-head for the firm’s Laborf and Employment practice. He also was a foundinhg attorney of in 1978 and remained thereuntil 1988. Duffiew represents companies in various industriew includinghealth care, media, transportation and “Traywick is, unquestionably, one of the most accomplished labor and employment lawyer in the Southeast,” said Cameron office managing shareholder of Littler’s Atlanta in a statement.
“Not only is he highlyy regarded in the Atlantlegal community, but he brings a depthg of experience and knowledge that will providee tremendous value to our clients. His significang experience as atrialk lawyer, complex litigator and traditional labod lawyer will be a great resourcw for both our clients and the otherd attorneys in the firm.”