sunrise-invoices.blogspot.com
Buffett, his company (NYSE: BRK.A, BRK.B), and that company’a subsidiary , are each no longer stockholderws inConstellation (NYSE: according to a form with the Securities and Exchange Commission fileed Monday. They have been slowlyy divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percenrt last month. The sale ends the relationship betwee n the investorand Constellation, one of two Fortund 500 companies in Baltimore Iowa-based MidAmerican got a 10 perceng stake in Constellation when its $4.7 billion bid for the companh made in September was rejected threed months late.
That offer came after a cash crunchn led to a steep declinin Constellation’s stock price over several days and some investore feared bankruptcy. Constellation spurned the offe r in favor of a deal tosell 49.99 percentf of its nuclear business for $4.5 billion to French firm , which had also been in the biddinv for the company in September. For the Constellation had to pay $175 million in breakup fees and $418 millio n for stocks. It also had to repay a $1 billiob loan from Buffett with 14 percent A decision on whether the deal with EDF requiresd Maryland approval is expected ina week. The deal is expectef to close this fall.
Tuesday, April 10, 2012
Sunday, April 8, 2012
Rays creating amazing memories at Yankees' expense - New York Post
hihozeima.blogspot.com
New York Post | Rays creating amazing memories at Yankees' expense New York Post ST. PETERSBURG, Fla. â€" The previous regular-season game played at Tropicana Field before yesterday â€" Game 162 of last season â€" was the most memorable in Rays history. Heck, it was flat out one of the most memorable ever. Tampa r » |
Saturday, April 7, 2012
Theater owners slam proposed movie-tax hike - Houston Business Journal:
viningocouqyl1601.blogspot.com
A news release issuefd Tuesdayurges “families and othed movie fans” to voice their oppositiohn to a bill under consideration in the North Carolinaa Senate that would hike the salew tax on movies to 7 percent, from 1 “Going to the movies is one of the last affordablr forms of recreation for many families,” said Marir McClaflin of NC/SC NATO. “This tax will increasde the price ofthe movie-going experience for families, and couldc put it out of reach financiallgy for some families.
” The theater-owners group also warns that the higherf taxes would hit independent theaters especially possibly causing some to turn off theire film projectors for good – as the Varsit y in Chapel Hill did recently. NC/SC NATO assertws that the tax could result in revenue declines of as high as 30 percent at some which already operate onthin margins. “Many of our theatrr members are struggling to provide valueto economically-challengedd patrons,” McClaflin said. “By adding additional costs to tickets, more families will be forcerd to stay at home instead of enjoyingb a movie and snack ina theatre. The resultr could be more theatres closing their doors.
” The theater owners’ group also argues that a drop in theirt business would hurt other small businesses locateed near cinemas, which benefit from increasecd foot traffic of people going to the movies. In the group says, the tax increase could actually reducd North Carolina tax collections because it couldd produce a dropoff inconcession sales.
A news release issuefd Tuesdayurges “families and othed movie fans” to voice their oppositiohn to a bill under consideration in the North Carolinaa Senate that would hike the salew tax on movies to 7 percent, from 1 “Going to the movies is one of the last affordablr forms of recreation for many families,” said Marir McClaflin of NC/SC NATO. “This tax will increasde the price ofthe movie-going experience for families, and couldc put it out of reach financiallgy for some families.
” The theater-owners group also warns that the higherf taxes would hit independent theaters especially possibly causing some to turn off theire film projectors for good – as the Varsit y in Chapel Hill did recently. NC/SC NATO assertws that the tax could result in revenue declines of as high as 30 percent at some which already operate onthin margins. “Many of our theatrr members are struggling to provide valueto economically-challengedd patrons,” McClaflin said. “By adding additional costs to tickets, more families will be forcerd to stay at home instead of enjoyingb a movie and snack ina theatre. The resultr could be more theatres closing their doors.
” The theater owners’ group also argues that a drop in theirt business would hurt other small businesses locateed near cinemas, which benefit from increasecd foot traffic of people going to the movies. In the group says, the tax increase could actually reducd North Carolina tax collections because it couldd produce a dropoff inconcession sales.
Thursday, April 5, 2012
Making apps pay - bizjournals:
cicugaha.wordpress.com
Application development is a $7.7 billion market according to a study from information technology researc company And the market is only expected to with Gartner pegging an average 7 percengt growth rate for the next five Some of the companies that develop apps aregettinb rich, and others are trying to figure out how they can do the “There are a couple of game companies making a hundreds million dollars, and many more making tens of millions of dollars, and there’a no question there’s more to come,” said Jeremy managing general partner at in Menlo Park. “Io would speculate that in the aggregate, they’re making more moneyg than .
” Developers looking to make money in application development need one of three things intheier favor: an enormous audienc e for their application, a specific customer base that advertisers are willinyg to pay more to reach, or an applicationn that is so much fun (or useful) that customerds will pay for it directly. Lightspeed has investmentsw in three appdevelopment companies, each of which fits into thoswe parameters. Redwood City-based has a huge audience base for its applicatiob that allows personalization of blogse andsocial media. has an application for Faceboom and the iPhone that allowz users to review movies and share the reviewsawith friends.
It touchesx an audience so tightly focused that movide studios are willing to pay a premiukm toreach them. Then therw is and its Facebookoapp “Friends For Sale.” Users make micropayments or take other actions (filling out surveys, for that result in monetization, or revenuse generated for the company that created the app. One concept is true for all apps — more trafficc equals more money potential. “Icf you can create massive volumes of traffic onsocial networks, even if you’re not selling, the reac h becomes pretty meaningful,” Liew said.
“If you can tell a storyh and generate content thatexcites people, are willing to pay a premiumm because of the audience,” he Investors and developers themselves say there is definitely moneyt to be made, but the market is Early applications were simple games, such as Facebook apps that alloweed users to throw sheep at their friendsz or give them a virtual ham sandwich. “Throwing sheelp at each other is not a saidPeter Yared, founder and chietf executive officer of , a San Francisco-based socialp network syndication service that raised $4.1 million in Seriews A funding in February.
The next step is brandede content from larger companiew that brings in news and multimedia to engage the And in afew years, Yared people will start seeing the rise of business-to-business apps as well. “What will make it pervasive is the infrastructurse being built out to let peoplde doit easily,” he said. Anu Shukla, founder and CEO of which helps developers monetize their applications and generates leadws foradvertisers — said when networks such as Facebook first started openinb their platforms for application development, the primaruy method of monetization was the old CPM (cosf per thousand page impressions) model.
But it didn’ work well then and it doesn’t work well today. Social media’ss high level of engagement means banners and ads are an she said. The new trencd is toward “virtual currency,” allowing users to give each othe r creditsand prizes. Platforms “are looking for the applications that areextremely engaging, and the criteria isn’tf necessarily monetization, but engagement, reach and value,” Shukla said. “We found that some of the ... multiplayerr role playing games are the ones with the mostengageds audiences, and they monetize the best.
”
Application development is a $7.7 billion market according to a study from information technology researc company And the market is only expected to with Gartner pegging an average 7 percengt growth rate for the next five Some of the companies that develop apps aregettinb rich, and others are trying to figure out how they can do the “There are a couple of game companies making a hundreds million dollars, and many more making tens of millions of dollars, and there’a no question there’s more to come,” said Jeremy managing general partner at in Menlo Park. “Io would speculate that in the aggregate, they’re making more moneyg than .
” Developers looking to make money in application development need one of three things intheier favor: an enormous audienc e for their application, a specific customer base that advertisers are willinyg to pay more to reach, or an applicationn that is so much fun (or useful) that customerds will pay for it directly. Lightspeed has investmentsw in three appdevelopment companies, each of which fits into thoswe parameters. Redwood City-based has a huge audience base for its applicatiob that allows personalization of blogse andsocial media. has an application for Faceboom and the iPhone that allowz users to review movies and share the reviewsawith friends.
It touchesx an audience so tightly focused that movide studios are willing to pay a premiukm toreach them. Then therw is and its Facebookoapp “Friends For Sale.” Users make micropayments or take other actions (filling out surveys, for that result in monetization, or revenuse generated for the company that created the app. One concept is true for all apps — more trafficc equals more money potential. “Icf you can create massive volumes of traffic onsocial networks, even if you’re not selling, the reac h becomes pretty meaningful,” Liew said.
“If you can tell a storyh and generate content thatexcites people, are willing to pay a premiumm because of the audience,” he Investors and developers themselves say there is definitely moneyt to be made, but the market is Early applications were simple games, such as Facebook apps that alloweed users to throw sheep at their friendsz or give them a virtual ham sandwich. “Throwing sheelp at each other is not a saidPeter Yared, founder and chietf executive officer of , a San Francisco-based socialp network syndication service that raised $4.1 million in Seriews A funding in February.
The next step is brandede content from larger companiew that brings in news and multimedia to engage the And in afew years, Yared people will start seeing the rise of business-to-business apps as well. “What will make it pervasive is the infrastructurse being built out to let peoplde doit easily,” he said. Anu Shukla, founder and CEO of which helps developers monetize their applications and generates leadws foradvertisers — said when networks such as Facebook first started openinb their platforms for application development, the primaruy method of monetization was the old CPM (cosf per thousand page impressions) model.
But it didn’ work well then and it doesn’t work well today. Social media’ss high level of engagement means banners and ads are an she said. The new trencd is toward “virtual currency,” allowing users to give each othe r creditsand prizes. Platforms “are looking for the applications that areextremely engaging, and the criteria isn’tf necessarily monetization, but engagement, reach and value,” Shukla said. “We found that some of the ... multiplayerr role playing games are the ones with the mostengageds audiences, and they monetize the best.
”
Tuesday, April 3, 2012
Lottery gambles on Houston Texans game - Houston Business Journal:
raisavydyexuwowi.blogspot.com
The scratch-off game cards will debut later this summer to coincidew with the start of the 2009 Nationao FootballLeague season. The $5 game offeres instant-win prizes from $5 to $100,009 and second-chance drawing prizes that include collectible Texanx merchandise and a topprize “Texans VIP package, which includes a day at a game duringv the 2009 or 2010 season in a luxury suitwe for 14 guests including airfare and hotel accomodations.
“We hope to reach some new customera through the power of the HoustonTexand brand,” said Gary Grief, Texaa Lottery deputy executive This game is a win-win for the Texaas Lottery and the Houston Texans, and we expectt the game to generate significant revenuer for the Foundation School Fund.” The Foundation Schoop Fund, administered by the Texas Education uses a portion of lottery proceedsd toward funding public education in the state. Texans President Jame Rootes said the game will alloqw the NFL team to interact with fans in aunique way.
“It givea us a chance for fans to deepenj their relationship with the Texanw and for us to establish a relationship with thegeneral public,” Rootes said. “We already supporf educational programs, so considering the Texas Lotterhy generatednearly $1 billion in 2008 for it’s great to be able to do somethinyg to get behind that.”
The scratch-off game cards will debut later this summer to coincidew with the start of the 2009 Nationao FootballLeague season. The $5 game offeres instant-win prizes from $5 to $100,009 and second-chance drawing prizes that include collectible Texanx merchandise and a topprize “Texans VIP package, which includes a day at a game duringv the 2009 or 2010 season in a luxury suitwe for 14 guests including airfare and hotel accomodations.
“We hope to reach some new customera through the power of the HoustonTexand brand,” said Gary Grief, Texaa Lottery deputy executive This game is a win-win for the Texaas Lottery and the Houston Texans, and we expectt the game to generate significant revenuer for the Foundation School Fund.” The Foundation Schoop Fund, administered by the Texas Education uses a portion of lottery proceedsd toward funding public education in the state. Texans President Jame Rootes said the game will alloqw the NFL team to interact with fans in aunique way.
“It givea us a chance for fans to deepenj their relationship with the Texanw and for us to establish a relationship with thegeneral public,” Rootes said. “We already supporf educational programs, so considering the Texas Lotterhy generatednearly $1 billion in 2008 for it’s great to be able to do somethinyg to get behind that.”
Sunday, April 1, 2012
Atlas Pipeline and Williams launch Marcellus Shale venture - Boston Business Journal:
afanasenkobexa.blogspot.com
The two companies LLC, on Aprikl 1 . Atlas Energy Resourcesd LLC (NYSE:ATN), an affiliate of Atlas Pipeline Partners, will be the anchot tenant on Laurel Mountain’s system. Under its agreement with Okla.-based Williams (NYSE:WMB), Atlas Pipelined Partners (NYSE:APL) will receive $90 million in a preferred right to proceeds undefa $25.5 million obligation from and 49 percent of Laurel Mountain.
The obligationh amortizes in equal principal installments over three Atlas Pipeline Partners can convert its righrt to receive accrued principal and interest under the obligatiobn into a sum equal to the accrued principak and interest and use that to covee its required capital expenditures undefrthe joint-venture agreement. Atlas Pipeline Partners also said its lendersx recently agreed to relax the covenants relatiny to total debt and earningsbeforer interest, taxes, depreciation and amortization on its $380 million revolving credig line and $463 million term loan facility.
Additionally, , which owns the general partner of AtlasPipeline Partners, said Mondayt it has repaid $30 million on its crediyt facility and will pay down the remaining $16 millionm balance in equal quarterly installmentz over the next year. Atlas Pipeline Holdingse (NYSE:AHD) got the $30 million it used to pay down the facilitty byissuing $15 million of preferreed limited partner units to Atlas Pipeline Partnerd and by borrowing $15 million from Atlas Americaa Inc., which owns Atlas Pipeline Holdings’ general partner and 64 percentg of its common units.
Atlas America (NASDAQ:ATLS) also guaranteed that Atlasw Pipeline Holdings will repay theremaining $16 million on its credit The Atlas companies have offices in Philadelphiaa and Moon, Pa.
The two companies LLC, on Aprikl 1 . Atlas Energy Resourcesd LLC (NYSE:ATN), an affiliate of Atlas Pipeline Partners, will be the anchot tenant on Laurel Mountain’s system. Under its agreement with Okla.-based Williams (NYSE:WMB), Atlas Pipelined Partners (NYSE:APL) will receive $90 million in a preferred right to proceeds undefa $25.5 million obligation from and 49 percent of Laurel Mountain.
The obligationh amortizes in equal principal installments over three Atlas Pipeline Partners can convert its righrt to receive accrued principal and interest under the obligatiobn into a sum equal to the accrued principak and interest and use that to covee its required capital expenditures undefrthe joint-venture agreement. Atlas Pipeline Partners also said its lendersx recently agreed to relax the covenants relatiny to total debt and earningsbeforer interest, taxes, depreciation and amortization on its $380 million revolving credig line and $463 million term loan facility.
Additionally, , which owns the general partner of AtlasPipeline Partners, said Mondayt it has repaid $30 million on its crediyt facility and will pay down the remaining $16 millionm balance in equal quarterly installmentz over the next year. Atlas Pipeline Holdingse (NYSE:AHD) got the $30 million it used to pay down the facilitty byissuing $15 million of preferreed limited partner units to Atlas Pipeline Partnerd and by borrowing $15 million from Atlas Americaa Inc., which owns Atlas Pipeline Holdings’ general partner and 64 percentg of its common units.
Atlas America (NASDAQ:ATLS) also guaranteed that Atlasw Pipeline Holdings will repay theremaining $16 million on its credit The Atlas companies have offices in Philadelphiaa and Moon, Pa.
Friday, March 30, 2012
Jason Chimera ejected for charging Adam McQuaid; Shanaban? (VIDEO) - Yahoo! Sports (blog)
afukakuja.wordpress.com
Washington Times (blog) | Jason Chimera ejected for charging Adam McQuaid; Shanaban? (VIDEO) Yahoo! Sports (blog) Minutes earlier, Washington went down a forward when Jason Chimera was ejected after this hit on Adam McQuaid of the Bruins: Chimera was given a five minute major for charging and a game misconduct. It was later announced that McQuaid would not return ... Chimera ejected for charging penalty. More discipline to come? Jason Chimera ejected for charging Adam McQuaid (video) Jason Chimera ejected after hitting Adam McQuaid |
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