Saturday, January 29, 2011

With Wired Internet Locked, Egypt Looks to the Sky - CIO

younkinesagugad1746.blogspot.com


With Wired Internet Locked, Egypt Looks to the Sky

CIO


The story has been fixed on the wire and the corrected paragraph follows. By IDG News Service staff IDG News Service รข€" Due to a later request from a source ...



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Thursday, January 27, 2011

TECO Energy outlook remains strong - Phoenix Business Journal:

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billion in debt held by and subsidiariessand Co. The rating is supportedx by the underlying strengthof TECO’s regulated electrixc and gas utility subsidiary, from which it derivesz stable cash distributions to meet its fundinh requirements, Fitch said a release. Tampa Electric continuesa to post strongcredit metrics, it maintains solid operating performancd and it benefits from Florida’s constructivee regulatory environment, Fitch said. Fitch is concerned, however, about slowingv customer growth atTampa Electric. But the company has respondes to slower growth by postponing projects to increaseeelectric capacity.
Another concern for Fitch is cash flow deterioration atTECO (NYSE: TE) Guatemala because of the adverss rate order in 2008, unplannesd outages at the San Jose plant, uncertainty over the extensiomn of a purchased power agreement, and the potential for deferred or renegotiated contracts becausw of declining market prices, highed production costs and slumping demand for coal. TECO Coal and TECO Guatemalw provide roughly 20 percent of theparent company’s consolidate earnings before interest, depreciation and amortization, Fitch said. Credit ratiow at Tampa Electric should benefit from higheer base rates in 2009 and 2010 as a resul t ofa $138 million rate order approved in Fitch said.
In an affiliate waterborne transportation agreement that reducedTampz Electric’s annual net income by $10 million in prior years is Fitch expects coverage ratios to remain relativelhy strong with funds from operations coverage at nearlg five times in 2009. TECO Coal is expected to benefigt from higher priced contracts signedin 2008. soft coal demand and higher mining production costs at TECO Coal rais the risks ofcontractual non-performance by counter-parties and pressured Diverse regulatory orders and operatinfg issues at the Guatemalan operation s will result in dividend distributionsz that are lower than historic levels.
TECO's liquidity position is considered strong, Fitch said. Cash and cash equivalents were $34.9 million and available credit facilitieswere $530 millionb as of March 31. Liquiditg was enhanced by a netoperating loss-tax carry forward of $547.5t million as of Dec. 31, which is expected to resulr in minimal cash tax paymentsthrough 2012. In addition, TECO's $100 million note maturing in 2010 is expected to be retirex withinternal cash. Positive ratiny action could result in the future from consolidatecd leverage ratio reduction in 2010 and higher cash flow s from a full year of higher base rates in 2010 and effectivsecost control.

Monday, January 24, 2011

New Tools May Catch Kensington Strangler - MyFox Philadelphia

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MyFox Philadelphia


New Tools May Catch Kensington Strangler

MyFox Philadelphia


The strangler has been linked to the murders of three women by DNA, but his DNA has not been found in any local, state or federal DNA databanks. ...



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Saturday, January 22, 2011

38 years later, abortion battles continue - San Diego Union Tribune

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38 years later, abortion battles continue

San Diego Union Tribune


Today marks the 38th anniversary of Roe v. Wade, the landmark Supreme Court decision that the right to privacy in the US ...


Roe vs Wade Anniversary: 37 years later black genocide vs right to choose

Examiner.com


Roe vs. Wade --38 years later; Ubelhor files pro-life bill in the General Assembly

Greene County Daily World (blog)



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Wednesday, January 19, 2011

Paul Israelsen Receives Prestigious Utah Governor's Medal for Science and ... - PR Newswire (press release)

http://vjforums.com/member.php?u=29274


Paul Israelsen Receives Prestigious Utah Governor's Medal for Science and ...

PR Newswire (press release)


NORTH LOGAN, Utah, Jan. 19, 2011 /PRNewswire-USNewswire/ -- Energy Dynamics Laboratory Deputy Director Paul Israelsen was presented the Governor's Medal for ...



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Stimulus could spur commercial project in long-dead Northside American Can plant - Business Courier of Cincinnati:

http://www.orstudents.org/forums/member/179406/
The $22 million mixed-use pro­jecgt would bring 96 apartmentsand 30,0009 square feet of commercial space to the empty shelpl near the corner of Hamilton Avenue and Blue Rock Road. The buildin once housed a factory that made machines that madealuminumn cans. It’s been mostly vacant since the Developers have been working on the projectsince 2005, usingb a $500,000 loan from the city and a $750,009 environmental grant from the state to finance the endeavor. They’rse the same developers that converterd an abandoned Ford Modekl T factory into a Class A office buildingy on Interstate 71 near the Williajm HowardTaft overpass, which now houses . City officials recentl y proposeda $1.
6 million loan for the project, usinv Community Development Block Grant funds that flowedf from the stimulus bill in “The developer has received a tentative commitment from a lenderd pending the approval” of the new stimulus loan, City Managerr Milton Dohoney reported to City Council on May 18. “Oncer the private financing isin place, the pro­ject can begin almost immediately. Construction will likely start in the summer of 2009.” Developer Steve Bloomfielf declined to comment until his financing is in The city report indicatez that financing includes $7.3 million from the sale of historicx tax credits, $3.
4 millio in New Markets Tax Credits equith and up to $6 million in private President Bruce Demske “could not be more about the city’s plans. “Right now, it’ s a huge gap in the middle of our business he said. “It’ll bring jobs and residents that mighft not otherwiseconsider Northside.” The has released a tentative schedule for stimulus-induced highway projectzs for Southwest Ohio. It shows 70 percenr of the roughly $105 million in totalp spending will happennext year. That’s because the stimulu bill gave projects financedthrough metropolitan-planninfg organizations (MPOs) like the more time to obligatde funding.
So, the firsft money out the door will beODOT projects, including $3.6 millio in resurfacing for Clermont County and a $3.1 million rehav of U.S. 27 in Butler County. More than 40 percenty of the $31.5 million to be spent this summer will fund five projectd inGreene County, near Dayton. “Wd had a legal requirement that 50 percenf of our funding had to be obligated withimn the first90 days,” said Stefan Spinosa, a technica services engineer in ODOT’s District 8 officre in Lebanon. “MPOs have until Marcu of next year to obligate the They should be sold over the winter and under contracty bynext spring.
” The biggest-ticket projects to be started next sprinf include the $5 million relocatioj of rail lines as part of the city of Cincinnati’z Waldvogel Viaduct renovation and $6.1 million to upgrad the intersection of States Route 48 and Tylersvillre Road in Butler County.

Sunday, January 16, 2011

Unfinished business '07 - Washington Business Journal:

http://www.lgbtcareerlink.com/user/lakosta
After a series of layoffz since it was bought by in AOL announced in the clincher inSeptembedr -- it would move its headquarters from Dullews to New York. The Big Apple is where its paren TimeWarner reigns, and it'ws the epicenter of the advertisintg world. At the time, the company insisted the only changes forthe 4,000 employeeds on the Dulles campus would be the senior managemen team trekking north in the But a month the media giant said it would cut 2,000 including 750 employees in Northern Virginia by the end of the as part of its shifting strategy.
The prooft was in the earnings: AOL continued to lose subscribers througg the year and its revenue continuedto plummet, a trendr that upset Time Warner investors lookinbg for returns. All of the free CDs AOL sent to homes over the years to get them to signon didn't pay off: AOL was forceed to alter its focus to generat e money through advertising. The strateguy was also reflected through the four advertising companiesa AOL boughtin Quigo, Third Screen Media, and AOL first set up its regional operationsw with an office in Tysons Cornere 20 years ago and expanded to the sprawlinhg Dulles campus in 1996.
AOL was bough by Time Warner in January which left AOL with sweeping layoffs and the campua withless vitality. Dimensionw Healthcare System found itself in the same financial straitas as it was at the dawn of with little cash to spare and its hat extendef to state legislators in the hopes of somebudgetary generosity. The Prince George'z County hospital chain must repeat its stepas nearly a year after apotential state-countgy $329 million funding plan dissolved in wee-hour divisiveness on Aprikl 9, the final day of the Marylaned General Assembly session.
After debates and appeals lasting into the earlhy morning ofApril 10, the Princde George's County Council gave an ironclad thumbs down to the seven-yearr plan because it felt the countg shouldered more of the financial burden with less long-termk payoff. The county, as a result, took on total financial burden alone, through June 2008 at least. But even that plan hit delayzs as the county called for a Dimensionsboard shakeup, the system retaliated with a $14 milliojn lawsuit and the county retaliated with various The system's annual fall electionse ultimately forced the management change that county leaderx long desired.
One dropped lawsuit later, the countyg began routing money once again in November to thetroubles system, as state legislators once agaij hunkered down to arrive at a long-ternm funding plan. The approacuh Mayor Adrian Fenty has takejn to deals he inherited from the previous administration andits semi-private development corporations, the NCRC and AWC, is Get 'em done. Except for Poplar that is.
While Fenty put his back into deals-in-progressx for a new conventioncenter hotel, the Southwest Waterfronr and the return of Radio One to the he did the opposite with Popla Point, opting to end negotiations with , owner s of soccer franchise , and open the project to That may well result in a better deal for the city -- it has bids from four developmenf teams to consider -- but there could be collateral damage. Shots from Marion Barry, D-War d 8, angry that economic development seems to be movingt forward everywhere except east of theAnacostiaw River, has hurt Fenty's image And MacFarlane, if it can't reach a deal to build on has threatened to move to Stay tuned.
used to be one of the fastest-growing companiesd in Washington, and now it's quickly fading. The Lanham-basex broadcast company that focuseson African-Americaj and urban listeners exited severa markets in 2007, including Georgia and Minnesota. In August, Chief Financiall Officer Scott Royster announcec he would stepdown Dec. 31 after 11 yearas with the company to pursue othefrcareer opportunities. The company has not announcedfa replacement. Citing what it calledc a "challenging radio industry environment," Radik One struggled to generate revenue as its profits Inits third-quarter earnings, Radio One reported net income of $4.
8 million, down 40 percent from $8 milliob in the same quarter a year ago. Revenu e for that quarter was $90.4 million, down 1.7 percentr from a year ago. In October, Radio One agreed to sell its Miamji radio station tofor $12.25 million and its five Georgia radi o stations to in August for $3.1 The company also sold its Minneapolis station KTTB-FM to Northern Lights Broadcasting for $28 millionn and 10 stations in Dayton, Ohio, and Ky., to for $76 million. In a twistg and despite its unpromisingg financials, Radio One agreed to acquir WPRS-FM in Washington from in Aprilfor $38 The deal is expecte to close in the first quarte 2008.
In April, a group of investorsa agreed to buy studentlender $25 billion. Analystx hailed the deal as a win bothfor Reston-based Sallie Mae and the buyout group, led by privates equity firms by LLC and , along with financial servicee giants and But that seemingly rosy courtshilp never panned out. Two things in particular causeds the Sallie Mae buyoutto wither: a creditf crunch that brought debt markets to a halt over the and new federal legislation that cuts subsidiesd to student lenders such as Sallie Mae.
Thesr two factors caused the buyout group to rethink its proposal for the company formallhy known asIn October, the buyout group sent a revisexd offer to Sallie Mae's board, an offer that some analystsx who cover Sallie Mae say amounted to an insult. Sallie Mae wouldn'gt accept the new offer, insisting that the originalk dealgo through. When that didn'gt happen, Sallie Mae filed a lawsuit against the buyout claiming that a material adverse effect had not and that the Reston company could terminatse the transaction and collect damagesof $900 A trial is set for July 2008.
In Sallie Mae said that it had held discussions with representatives of the buyout group to resolvee the dispute between the Sallie Mae said that the buyout group has indicatex that it is unwilling to pursue submitting a new proposal to buy thestudenty lender. Sallie Mae said that its board remains committed to protecting the right s of its shareholders and will pursue allavailablw recourse, including the company's existing lawsuigt against the buyout group. Sallie Mae said that it has indicationsd of interest from 10 financial institutions for new secured fundinv in excessof $30 billion. It's not until ...
$4 billiom Metrorail expansion was "It's not over until it's Well, it's over. But it's still not a done Backers of the Metrorail project are still waiting for approval from the Federalo Transit Administrationfor $900 milliohn in funds that will help pay for the In August, federal officials said cost overrunsd and delays were starting to hurt the project's and they ordered at least $250 million in cuts. Virginia officials responded byidentifying $306 millionj in potential reductions to the Metrorail plan, and federal transif representatives spent the latter part of 2007 reviewing the If the FTA signs off on the money, ground couldd be broken in spring 2008.
The projectt was originally scheduled to have the firstr phase through Tysons finishedin 2012. But that work probably won'rt wrap up until March 2014, according to new estimates. Out of tune Much-touted XM, Sirius merger still under review One of themost talked-about potential deals of 2007 was the proposed mergerf of the nation's two satellite radio companies, D.C.-basedd and New York-based Technically, Sirius would acquire XM, thougyh the companies all year long termed the transaction a mergeer of equals. The companies were hoping to seal their dealby year'sw end, assuming approval from the Departmenr of Justice and the Federap Communications Commission.
The and some othed groups vehemently opposed the saying it would lead to a monopoly in the satellitewradio industry. XM and Sirius were granted satellite radio licenses in 1997 fromthe FCC, on the conditioh that they didn't combine operations. But the communicationsw sector has drastically changed in the past and officials with XM and Siriu argue there is so much competitionout there, from iPodz to Internet radio, that a mergee of the two companies would not result in a Both XM and Siriu continued to burn through money as they marketerd their services to win new Officials at the two companies said a combine d firm would be able to offer better prices and more choicesx for consumers.
Analysts said throughout the year that the deal facexs anuphill battle. Many industrty observers give the proposed transaction a 50percent shot, at best, of getting the green light from federalk regulators. D.C. officials are keeping a watchfu l eye on the because the combined company would likelyu put its headquarters inNew York, analystzs say. XM officials said that no matter where the corporater officeends up, XM will maintain a largw presence in Washington.
The localo spate of biotech buyouts in 2007 may represent an industry pinnacle of successfuklexit strategies, but they also robbed the local regiom of a half-dozen homegrown Between April and July, six biotechs from across Virginia and the District announced their inteny to sell for a combined $18.6 billion to larger companies, five of them basedd overseas. While the largest of and , kept a local presence, the six foldedd into companies that hail from eitherf the opposite coast or one of fourforeigm countries. Counted among the losses are the region'zs biggest biotech, a rare profitable two even rarer Northern Virginia biotechs and perhaps the most a D.C.-based biotech. D.C.
's Hamilton Pharmaceuticald Inc. shut down after it sold in a $4.4 milliobn stock sale to Australia's Neuren Another company, , a Reston contract researchh services company that sold to aSan Francisco-based investor for $790 is in the final throes of shifting to Northj Carolina. Lost the plot? Mayor Fenty learns an earlgy lesson D.C. has sold or traded lots of land inrecentr years, dealing it to developers as an incentive to build tax-generating offices, residences and But if Mayor Adrian Fenty learnesd anything from his failed plan to sell off an L Street NW plot in the West End it's that the words "public land sale" should not be utterede in haste.
The storm arrived in July via a long line of protesterx after Fenty convinced the City Council to give developer Anthony Lanieer ofEastBanc Inc. a city-ownecd plot near Foggy Bottom in exchange for a rebuiltyfire station, neighborhood library and some affordablee housing. Maybe it was the combination of the land sale with the appearancre that the city was only interested in buildinyg new libraries if they could make some money doinggso -- a problem in other part s of town as Or maybe it was Fenty's speed in gettinfg the deal passed.
In any case, once the charges of a fire sale of publifc assets came to the Wilson members of the CityCouncil (except for Phil D-at large, who voted "no" in the first couldn't backtrack quickly enough. The West End deal collapsed, and with it went the easy days of selling public land. Goodbye Eli we hardly knew ya Elevejn days intothe year, suddenlu announced it was pulling out of its $325 million insulin production facility at Princwe William County. The Indianapolis-based pharmaceutical companh said it was part of a shift in its strategh towardbiotech products, and the fact that it coulrd boost insulin-production capacity at existint plants to meet demand.
The drugmaker returner the $4 million in subsidies it had received from the county and but that provided little succor to PrinceWillian County. The arrival of Eli Lilly was a feathert inthe county's cap and really, represented a turning of the tidee in its efforts to create a technolog and life-sciences corridor withinm its boundaries. The county's economicx development agency had spent yearsx wooing Eli Lilly and pulled a majo coup when in 2002 it was picked as the site fora 300,000-square-fooyt facility among dozens of competing sitess across the nation.
Even back in 2005, the drugmaker had cut back the scaled of the project froma $425 million, 600,000-square-foo t facility with 700 employees, to nearly half the size with only 350 Even that was not to be, and Eli Lillh now has split the 120-acre site into multipl e parcels. Some salve came in late November, when Eli Lilly sold 47 acrese of the campusto , a New Jersey drug development services company that said it will invesy $175 million, build a 410,000-square-footg facility and hire another 100 employees at that bringing its local head counrt to 450. Provided Covance follows throughb onits plans, that makes it just anothefr 70-some acres to go.

Friday, January 14, 2011

Stirling Energy Systems expands its offices as solar efforts ramp up - Business First of Louisville:

basah-hsci.blogspot.com
The Scottsdale company, which receivexd a $100 million investment last yearfrom Dublin-based NTR plc, is moving quickly to capturw a segment of the utility-scale solart market with its Stirling engine technology. The compan opened its new 37,000-square-foot office in early May. It has hirefd about 100 employees this year and expects to add 60 to 80 more by the end of the for a totalof 180, said CEO Stevwe Cowman, who joined the firm last year as part of NTR’s “We’ve always liked the solart space, and this was a good opportunity,” he The company is based on a nearlyt 200-year-old engine design, which operatex through the expansion and contractio n of gases.
Stirling uses a 40-foot mirrored dish to focue the sun’s rays to heat hydrogen gas to 1,4000 degrees Fahrenheit. The gas expands, moving a pistomn and poweringthe engine. As the gas it is moved out of the pistoh chamber and back to where it will be reheatefd bythe sun. The company had been operatingv in the Valleysince 1996, but NTR’z investment has pushed it to develop the technology more quickly. It has two power-purchase one with San Diego Gas & Electric for between 300 and 750 megawattss at a site inImperial Valley, Calif.
, and one with Southern California Edison for 500 to 900 megawatts in the Mohave Cowman said it’s adding positions of all from engineering to to meet its growth curve. To handle projecyt management, NTR founded Tessera Solar earlie r this year to developthe utility-scale projects, with Stirling providing the Ramping up both project development and construction has required capital and peopl e to serve what the companyg believes will be one of the largesf solar markets in the world, said Jim Barry, CEO of NTR. “Wew believe the U.S.
will be the globa l leader in renewable energy, and that will happe n in the nextfew years,” he NTR, founded 30 years ago to operate Ireland’w toll roads, has expanded into a number of renewablr energy and recycling efforts. Stirling’s technologty — which offers an alternative tophotovoltaicx systems, as well as a differen t take on concentrated solar power has a good base in Arizona that can serv e markets throughout the Southwest, Barrty said. In addition to hiring, the company is lookinh at potential sites in the Vallegy to housea 60-dish, 1.5-megawatt test The company has a small site at the Sandiqa National Laboratories in Albuquerque, N.M.
, but is hoping to find a largerr site to provide a location to brintg clients. It has run into challenges securing local permitsd for a site and finding a location that can be tied into theelectridc grid, officials said. The companh could be a boon for Arizona in more ways than simplgproviding power. It is using auto component supplierz to build itsengine parts, and officialw are talking with thos suppliers about the possibility of locating facilitie s in the Southwest to handlse the bulk of Stirling’s projects, at least for the firsy few years, Cowman “If you can build your manufacturing close to your end that’s going to benefit everyone,” he said.
Stirlin is one of the solafr companies that could provide a base for other manufacturerss to land inthe Valley, said Barry president and CEO of the Greater Phoenix Economic “This is a good example,” he said. “It’a got a small numberd of people and it hopezto expand, and it could help its suppliersx relocate here.” Stirling’s expansion in Arizona depends on stat policies. Other states are offering manufacturinb incentives, and Arizona’s effort to develop such enticements is miredx inbudget problems. “We really want to grow our businesszin Arizona, but we need those Cowman said.

Tuesday, January 11, 2011

Conference Board employment index edges up in May - South Florida Business Journal:

http://www.credit-fix-secrets.com/the-complete-credit-repair-book-page45.html
The organization’s Employment Trends Index was up 0.2 percent from 89.7 in April and down from 113 in May The Conference Board said Monday. The inde x number is relative to 100for 1996. “Whil it is too earluy to say that the ETI has the moderation of the last two months is certainlu a sign that the decline in job losses is real and signalsx that the worst is Gad Levanon, The Conference Board’s seniorr economist, said in a “However, as the economic recovert over the coming months is likelyt to be very we still expect the unemployment rate to continuer to increase to double digitse by the end of this year and into 2010.
” • Percentagw of respondents who say they find “jobs hard to gathered from The Conference Board Consumer Confidencew Survey. • Initial claims for unemploymenft insurance, from statistics. • Percentage of firmws with positions not able to fill right now because of inabilit to findsuitable candidates, from the . • Number of employeez hired by the temporary-help from the . • Part-time workers for economic from Bureau ofLabor Statistics. Job openings, from the Bureau of Labor • Industrial production, from the . • Real manufacturing and trades sales, from the .
The Conference Boarcd is an independent NewYork City-based nonprofig organization whose mission is to provide organizations with the practicaol knowledge they need to improve their performance and betterd serve society.

Sunday, January 9, 2011

Honeywell tests show renewable jet fuels work as well as traditionals - Triangle Business Journal:

modestofyeyko.blogspot.com
Honeywell data (NYSE:HON) showed little difference in the two fuelx in test runs inits 131-9 auxiliaryu power units and its TFE 731-5 turbofanm engine, officials reported at the Paris Air Show. The tests were conducted at itsPhoenix facilities. The fuel was produced by Honeywell for use in aBoein Co. biofuel test flight program. “In a series of testsw in both propulsion engines andcommercial APUs, Honeywell saw no degradatio in engine performance or fuel consumption,” said Bob vice president of advanced technology for Honeywelo Aerospace.
Ron Rich, the company’a director of advance technology, said the prospecyt of developing renewable jet fuelsw from sources such as jatrophsaand algae, which comprised the test fuel, could help reduce the carbonm footprint of jet travel. “These testingh results are a strong step towards certification and commercial use in thecominf years,” he said. Honeywell helpe d develop the fuel through itssubsidiary UOP, whicyh originally developed the fuel under a contract from the U.S. Defenswe Advanced Research Projects Agency.

Thursday, January 6, 2011

Vang Pao, Hmong guerrilla leader, dies in Calif. - The Associated Press

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ABC News


Vang Pao, Hmong guerrilla leader, dies in Calif.

The Associated Press


After immigrating to the United States once the communists seized power in Laos in 1975, Vang Pao was venerated as a leader by the Hmong refugee populations ...


Hmong leader General Vang Pao has died

ABC30.com


Hmong leader Vang Pao dies at 81

Sacramento Bee


Hmong leader Vang Pao dies

Minneapolis Star Tribune


KMJ Now -KAALtv.com -News10.net


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Tuesday, January 4, 2011

Gender equality myth: Women 'want rich husbands, not careers' - Daily Mail

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Daily Mail


Gender equality myth: Women 'want rich husbands, not careers'

Daily Mail


Despite years of equality campaigning, more women are choosing to marry wealthy men than in the 1940s, the expert claims. In her report, published by the ...


Five feminist 'myths' from the gender equality debate

Telegraph.co.uk


Equality drive harms women's chances in the workplace, study finds

Daily Mail


Could equality drive harm women's chances at work?

DollyMix


Telegraph.co.uk -Visit Bulgaria -TopNews United States


 »

Saturday, January 1, 2011

CSX says freight decline bottoming out - Jacksonville Business Journal:

hustbelogehy1857.blogspot.com
But the anticipated decline won’t be as sharp as the 21 percentg decline in volumes in the second quarter because the markef appears to havebottomed out, he said. The decline in volumes handled coupled with less cushioninv from fuel surcharge recovery resulted in a 20 percenty declinein CSX’s earningw in the second quarter. The company postec earning of $308 million, or 78 cents per compared to $385 million, or 93 centsd per share, from the same period last The earnings per share was 16 centas higher thananalysts predicted. CSX’s revenue in the secondr quarter fell 25 percentto $2.2 billion.
Ward said an anticipatee increase in more automotivse and light vehicles being built in the third quarter than the seconx quarter was one sign that the market was He also pointed to a stabilizatiob of the transport of metalszand chemical, which signify manufacturing “They’re not moving at an overly robusgt pace but we don’t see any further said Ward. He said the amount of furloughed employeeds has declined by about 200 to but that’s more because of existing employees retiring or goinv on vacation than a return of freight The proposed federal cap-and-trade program could be a double-edged sword for the On the plus side, rail’s ability to move goodxs with a less environmental impact makes them more attractive to customersz looking to reduce the amount of emissions their suppl y chain creates.
But the program will also likelty hinder the building of new coal fired meaning there will be less coal to transport orthered won’t be growth in its coal division. The company said its coal shipments dropped by 21 percenf in the second quarter because utilities’ reduced usage, lower gas prices and a decreaswe in coal exports. The company says its operating expensesx declined 27 percent due to cost management effortsd and increasednetwork efficiency. This allowed the company to have an operatingy incomeof $582 million and an operation ratio of 73.4 percen for the quarter.