08/30/2010 (6:21 pm)

Venturebeat’s green writer takes Tesla job

Filed under: legal |

Venturebeat's lead green technology reporter Camille Ricketts has reportedly taken a communications job at Tesla Motors Inc.

The website reported her departure in a story Friday with a headline that described the situation as a "totally non-awkward move."

The story was written by Venturebeat Executive Editor Owen Thomas, who has been in a public spat with Tesla co-founder and CEO Elon Musk over the website's coverage of the company and its leader cheap business cards.

Before joining Venturebeat, Ricketts worked at Google Inc. on its traditional platforms team, particularly in TV. She was a reporter for the Wall Street Journal before that in New York and London.

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07/25/2010 (3:30 am)

Deepwater Horizon alarm was ‘inhibited,’ technician says

Filed under: online |

Federal testimony on the Gulf of Mexico oil spill Friday revealed that an alarm system on the Deepwater Horizon rig had been “inhibited” for about a year before the rig exploded and sank in April.

Sensors that detect combustible or toxic gases were still active, relaying the message to the computer system, but the trigger for an audible or visual alarm was disabled.

According to numerous media reports, the platform’s chief electronics technician Mike Williams told the six-member federal inquiry panel that he had asked about the alarm being partially disabled about a year before the accident and was told by supervisors that it was done to prevent false alarms waking crews up at all hours of the night no faxing payday loan.

Williams told the committee that no audio or visual alarms were activated the night of the April 20 fire.

The joint hearing, held by the U.S. Coast Guard and the Bureau of Ocean Energy Management, Regulation and Enforcement, was held near New Orleans Friday.

The Houston Business Journal is providing continuous coverage of the Gulf oil spill.

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07/22/2010 (9:54 am)

Emergent boosts business outlook

Filed under: management |

Rockville-based Emergent BioSolutions Inc., which supplies the government with the only regulator-approved vaccine for Anthrax, boosted its full-year forecast for sales and earnings based on rising sales of that vaccine.

The company now forecasts full-year revenue of between $275 million and $300 million, up from a forecast in May of between $235 million and $255 million. It expects 2010 net income of between $40 million and $50 million, compared to its previous forecast of between $20 million and $30 million.

As much as $190 million in 2010 revenue will come in the second half of the year, it says, after a contract modification that increases the number of doses of BioThrax the government will buy for its stockpile this year.

“We are extremely pleased with the results of our continuous process improvement program for BioThrax and expect this program to drive the maintenance of positive production metrics going forward,” said Emergent BioSolutions (NYSE: EBS) Chief Operating Officer Daniel Abdun-Nabi.

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07/01/2010 (8:21 am)

Savvis unveils new cloud computing service

Filed under: online |

Seeking to capitalize on the migration to Internet-based computing services, Town and Country-based Savvis Inc. released on Monday a new product that allows customers to better manage their information technology systems online.

The practice of moving away from hardware and software to programs and data storage on shared networks, known as cloud computing, is an accelerating trend.

A study commissioned by Savvis this year estimated that the number of companies that rely mostly on in-house IT infrastructure will drop to 49 percent in 2020 from 82 percent today.

However, many applications cannot easily communicate with one another in "the cloud," and customizing them so they can is often an expensive endeavor.
Savvis’ newest cloud computing product, the Symphony Virtual Private Data Center, lets customers ratchet up or down resources they need rather than buying a one-size-fits-all service.

It also lets customers easily combine applications within a cloud to organize their own data centers, Bryan Doerr, Savvis’ chief technology officer, said during a Monday conference call no teletrack payday loan.

For instance, a company could combine security, marketing and data-sharing applications within its own data cloud hosted by Savvis, Doerr said.

That type of application integration has not been readily accessible in cloud computing, said Steve Powell, president of Delta Systems, an IT, Internet and network hosting company in Columbia, Mo. Getting applications to communicate with each other on a cloud platform is generally expensive and hard to coordinate.

Savvis’ new offering is "definitely upping the ante," he said.

"If I were running an IT department in a medium to large company, I’d definitely give it a look," Powell said.

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06/27/2010 (2:27 am)

Trucking industry freight hits a pothole in May; remains up for year

Filed under: online |

The trucking industry took a step back in May, with tonnage slipping for the first time since February but still up from a year ago. The American Trucking Associations, a trade group, on Friday said its advance index of for-hire truck tonnage fell 0.6 percent in May, down from a revised 1 percent increase in April. The index is adjusted for seasonal variations. With the May decline, the index moved to 109.6. The base year of 2000 equals 100. ATA Chief Economist Bob Costello said that despite the dip, he saw industry trends continuing to improve. “There is no way that freight can increase every month, and we should expect periodic decreases,” he said in a release. “This doesn’t take away from the fact that freight volumes are quite good, especially considering the reduction in truck supply over the last couple of years.” Compared with May 2009, tonnage was up 7.2 percent, the sixth straight year-to-year improvement. For the first five months of the year, tonnage was 6.2 percent better than during the same period last year. Not seasonally adjusted, the ATA index fell 2.8 percent to 108.3 between April and May. Earlier this month, Overland Park-based trucking giant YRC Worldwide Inc. (Nasdaq: YRCW) said freight volumes continued to rise in June and it probably would report positive unadjusted earnings for the second quarter. http://kansascity.bizjournals.com/kansascity/stories/2010/06/14/daily1.html Trucking has been a leading indicator of the U.S. economy’s health, hauling 68 percent of tonnage carried by domestic modes of freight transportation.

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06/08/2010 (5:20 pm)

The Fox Co. wins $79K N.C. contract

Filed under: online |

The Fox Co. has been awarded a $78,925 contract to supply sewing equipment to the state of North Carolina.

The Charlotte-based company manufactures cloth spreaders, cutting and measuring machines.

It won the contract as part of the new N.C. Preference program, which gives N.C. companies whose bids are within 5 percent or $10,000 of the lowest out-of-state bidder the opportunity to match the out-of-state price and be awarded the contract.

“It’s critical that we do everything we can to support our home-grown businesses,” says N.C. Gov. Bev Perdue. “The preference for in-state businesses will save jobs and help North Carolina businesses grow and create new jobs.”

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06/03/2010 (11:06 am)

Lambert airport ready for Phase II of renovation

Filed under: marketing |

It has been called the front door to St. Louis.

So in an effort to improve the first impressions of visitors who walk through that door, officials at Lambert-St. Louis International Airport announced a major makeover in early 2007.

But more than three years later, the biggest renovation in the airport’s history — at a cost of $105 million — remains a major piece of unfinished business. Turbulence in the airline industry forced the airport to break the Airport Experience project into bite-sized chunks.

The first phase of work focused on the most pressing upgrades and is being wrapped up right now at a cost of $20 million. Clunky baggage carousels were replaced on the ground floor of the Main Terminal. The dingy domed ceiling above the main ticket counters has been restored with a bright, white surface. And many of the directional road signs have been replaced.

"You have to have an airport that you can compete with both cosmetically and aesthetically," said Airport Director Rhonda Hamm-Niebruegge. "The airlines don’t want their customers, if their flight is delayed for five hours, to sit there and have nothing to do. The more your airport has to offer helps the airlines when they have off-schedule days."

Later this summer, the airport will embark on the next phase of work — a $50 million interior renovation of the aging main terminal, and the A and C concourses.

The work will include:

— Replacing the hodgepodge of counters and terrazzo floors in the main ticketing lobby.

— Updating restrooms with new tile and fixtures.

— Improving the C concourse security-screening checkpoint.

— Brightening the cavernous lower level by removing the dark ceiling slats and adding recessed lighting.

— Incorporating art displays and a lower-level performance stage.

Lambert officials said the work would not only make the terminal more inviting, but would provide a boost to the beleaguered area job scene. The second wave of renovation work is expected to take about two years to complete and support about 150 skilled construction workers.

The improvements can’t come soon enough for passengers who use the airport.

"It’s dark and depressing down here" on the baggage-claim level, said Julie Kujawa of Mount Vernon, Ill., who was picking up family members returning from Orlando, Fla. "And there’s not much down here. The walls are dark. The ceilings are low."

Amy and Don Palumbo of suburban Washington said they had flown into Lambert before and had always been struck by the low ceilings and the cramped feeling they induce on the lower level.

"Compared to other airports," Amy Palumbo added, "it’s kind of old."

Gone from the original Airport Experience plan are the canvas awnings reaching from the Main Terminal to the hourly parking garage across the street payday advances. However, Hamm-Niebruegge said some projects could be reconsidered, if needed, when the second phase of work was completed in the fall of 2012.

The project will be financed using bonds sold in June 2009, Hamm-Niebruegge said. "The bonds are long sold. So you have to move forward with the project. They were sold for that specific purpose. That decision is not a returnable decision."

Even if it were, she said, the airport would still move forward with it.

One reason is that there were as many airline seats in June from Lambert as there were one year ago, although there are fewer cities served by nonstop flights from Lambert. That is largely because most of the aircraft added to the Lambert mix are larger planes, and they are replacing mostly regional-jet flights that were axed by American.

Bonds will be repaid with airport revenue, said Hamm-Niebruegge.

The piecemeal approach reflects the gradual erosion in flights at Lambert.

Last month, American Airlines cut its daily flight schedule by more than half to 36 daily flights to nine cities. By comparison, there were 82 daily flights to 20 destinations in November.

Other airlines — most notably Southwest Airlines — have jumped in to fill part of the void. Southwest, which is now the dominant carrier in the St. Louis market, announced nine additional daily departures to six new nonstop destinations. Four of those cities that Southwest flies to — San Diego, Nashville, New Orleans and Raleigh-Durham, N.C. — would have been unreachable by nonstop flights after American’s cuts. The two other cities — Los Angeles and Seattle — also will be served by competitors.

United Airlines and Delta Air Lines also have added flights.

Local business leaders have been clamoring for airport improvements since American Airlines made its first deep cuts to St. Louis flights in 2003. Airport staff and outside consultants began working on plans to improve the Main Terminal — which is significantly older and darker than the East Terminal.

Richard Fleming, president and chief executive officer for the St. Louis Regional Chamber and Growth Association, said air service came up consistently when companies considered expansion or relocation to a community — and that included the perception and appearance of the airport itself.

"Obviously, in the environment of really tough times in the industry, the Lambert folks have had to be prudent in how they have modified the scope and timing of the improvements," Fleming said.

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05/22/2010 (1:03 am)

Consumer prices up 2.2% for the year

Filed under: money |

A key index of prices paid by consumers ticked lower in April but is still higher from a year earlier, the government said Wednesday.

The Consumer Price Index, the Labor Department’s key measure of inflation, has increased 2.2% over the last year. But that is the smallest 12-month increase since January 1966.

"Inflation continues to be a non-issue," said Anika Khan, Wells Fargo economist, in a research note.

On a monthly basis, CPI fell by 0.1% in April. Economists surveyed by Briefing.com expected a 0.1% jump. The decline was largely due to a 1.4% drop in the energy index, the report said.

Despite its April decline, the energy index has soared 18.5% over the last year.

The small overall CPI increases "should continue to allow the Fed to keep short-term interest rates low," Khan said.

Core CPI: The even more closely watched core CPI, which excludes volatile food and energy prices, rose 0.9% on an annual basis and was unchanged over the month.

Index-by-index: The food index jumped 0.5% on an annual basis. It rose 0.2% in April, the same increase as the previous month.

The indexes for recreation, new and used motor vehicles, and medical care also posted increases in April. Other sectors declined, including apparel and household furnishings.

CPI is based on prices of goods and services that people buy for day-to-day living. Prices are collected each month in 87 urban areas across the country, from about 4,000 residences and 25,000 stores. 

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05/15/2010 (6:00 am)

Alpin Haus to open Clifton Park store May 14

Filed under: legal |

Alpin Haus Pools & Ski Shop will celebrate the opening of its new store in Clifton Park, N.Y., on May 14.

The 6,000-square-foot store is located at Clifton Park Center at 22 Clifton Country Road.

Alpin Haus President Andy Heck will be joined by local officials at 2 p.m. to mark the store’s opening.

The store sells pools, patio furniture, spas, skis, snow boards and winter apparel. It also offers computerized water testing, weekly pool cleaning and service for all makes of pools.

Alpin Haus recently closed its former store in town on Sitterly Road along the Northway that sold recreational vehicles and pop-up trailers. That property is for sale.

Alpin Haus continues to sell RVs at its headquarters in Amsterdam and in Wilton. The company is the largest, independently-owned RV dealer in the Northeast.

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04/21/2010 (8:39 am)

IRA conversion can trigger tax penalty

Filed under: marketing |

Estimated taxes, something most working Americans don’t have to deal with or may not even be aware of, can be a hidden cost when converting traditional IRAs to Roth IRAs.

With proper planning, however, this potential trap can be easily avoided.

Estimated taxes are payments we must make four times a year to the Internet Revenue Service if the amount we have withheld for taxes at work or elsewhere does not meet certain minimums.

If we fail to make the required estimated payments — due April 15, June 15, Sept. 15 and the following Jan. 15 for each tax year — we will owe a penalty for underpayments. The penalty, a variable interest rate set by the IRS, stood at 4 percent for the first quarter of 2010.

This is not a problem for most American workers, who instead tend to have too much money withheld from their paychecks and get large refunds.

But the income from a large Roth IRA conversion is likely to create a tax liability that may trigger the need to increase withholding and/or pay estimated taxes.

From the year 2011 on, income from a conversion must be reported for the year the conversion is made. But for conversions made in 2010, taxpayers can either report the entire conversion income for 2010, or report half of it for 2011 and the other half for 2012. This latter income split is the "default" option, or what will happen if the taxpayer does not choose otherwise.

The decision of when to report the income is not made until the taxpayer files the 2010 tax return in 2011. Therefore, somebody choosing to report the Roth IRA conversion income for 2010 may discover after the fact that he owes a penalty for not having enough withholding and/or not paying enough estimated taxes in 2010.

But we can avoid a penalty by using any of three so-called "safe harbor" methods.

The easiest to implement — it’s foolproof and you don’t have to make any estimates — is to have your withholding and any estimated tax payments add up to 100 percent of your total tax liability for the previous year, or 110 percent if your adjusted gross income was higher than $150,000 ($75,000 for married taxpayers filing separately).

For example, my wife, Georgina, and I, filing jointly, had income of less than $150,000 in 2009 and our total tax liability was $12,941 (the number on line 60 of Form 1040). Because we have no withholding as freelance writers, by making estimated tax payments totaling $12,941 for 2010, with a required minimum each quarter, we will not owe any penalties even if our taxable income balloons in 2010 because of a large Roth IRA conversion. Of course, we would still have to pay regular tax at filing time, but no penalty.

And under this safe-harbor method, we would then have to increase our estimated tax payments in 2011 to reflect the higher tax liability for 2010.

We have other options, though. A second "safe harbor" method is to have withholding and/or estimated taxes add up to at least 90 percent of the current year’s total tax liability. This method would lower estimated payments for 2011, but at the risk of estimating wrong and owing a penalty. A third safe harbor is that no penalties are due if your total tax due when you file your return is less than $1,000. This is a complex topic, and I recommend consulting a professional for personal questions.

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