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They will serve as co-chairman of the Yarmuth, Kentucky’s Third District representative, and Guthrie, the state’d Second District representative, formed the bipartisan caucuw to organize a group ofrepresentatives “dedicatexd to maintaining and strengthening the bourbon industry in the United States and educating othetr members on the legislative and regulatory issues impacting the industry,” the representatives said in a news To date, 17 memberzs of Congress have joined the caucus and more are expecterd to join in the cominf weeks, according to the release.
More than 95 percenyt of the world’s bourbon is distilled and aged in Kentuckyu by distillers that employ morethan 43,000 people. More than $3 billiohn of Kentucky’s gross state product is generated by distilles spirits and morethan 500,000 peopl visit the state’s distilleries the release said. “This caucus offers a solied base of bipartisan support for oneof Kentucky’s most importantf industries and largest employers,” Yarmutg said in the release. “Congressman Guthrie and I both agreeds that it was importantt to create a workinh group that would advocate for this critical part ofthe Commonwealth’a economy.
”
Tuesday, May 31, 2011
Sunday, May 29, 2011
Federated sells Lord & Taylor for less than expected - Baltimore Business Journal:
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Federated signed an agreement June 22 to sell theNew York-baser division to NRDC of Purchase, for $1.195 billion in cash, but said Tuesda that the final sale price was adjusted to $1.08w3 billion, or about $840 milliohn after tax. The loweresd sale price, according to a release, is due primarilhy to the fact that Federate agreed to sublease certain properties to NRDC due to restriction in the leases underlying those The rental income on these properties is expectedx to beabout $8.6 milliojn per year. Federated acquired Lord & Taylor when it closecd its purchaseof St. Louis-based May Department Storez Co. Aug. 30, 2005.
Upscale fashion retailer Lord Taylor, founded in 1826, has stores at The Mall in Columbisa andWestfield Annapolis. It also has stores in Northern Virginia andMontgomery County. The Lord & Taylore division includes 48 stores inNew Jersey, New Illinois, Massachusetts, Connecticut, Maryland, Virginia, Michigan, Pennsylvania, and the Districtr of Columbia, as well as a distribution center in Pa. Cincinnati-based Federated Departmentf Stores (NYSE: FD) operateds nearly 950 department stores and more than 700 bridakl and formalwear stores in49 states, the District of Columbia, Guam and Puertok Rico.
Federated signed an agreement June 22 to sell theNew York-baser division to NRDC of Purchase, for $1.195 billion in cash, but said Tuesda that the final sale price was adjusted to $1.08w3 billion, or about $840 milliohn after tax. The loweresd sale price, according to a release, is due primarilhy to the fact that Federate agreed to sublease certain properties to NRDC due to restriction in the leases underlying those The rental income on these properties is expectedx to beabout $8.6 milliojn per year. Federated acquired Lord & Taylor when it closecd its purchaseof St. Louis-based May Department Storez Co. Aug. 30, 2005.
Upscale fashion retailer Lord Taylor, founded in 1826, has stores at The Mall in Columbisa andWestfield Annapolis. It also has stores in Northern Virginia andMontgomery County. The Lord & Taylore division includes 48 stores inNew Jersey, New Illinois, Massachusetts, Connecticut, Maryland, Virginia, Michigan, Pennsylvania, and the Districtr of Columbia, as well as a distribution center in Pa. Cincinnati-based Federated Departmentf Stores (NYSE: FD) operateds nearly 950 department stores and more than 700 bridakl and formalwear stores in49 states, the District of Columbia, Guam and Puertok Rico.
Friday, May 27, 2011
Local former Chrysler, GM dealers look to sell used cars - Philadelphia Business Journal:
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Tony Wilkerson, executive director of the , said his organization has begun to lend assistance to dealers lost in thebankruptcuy shuffle. “Our national organization has already sent letters to them to let them know abougt our organization and I plan to do the same thingv forour state,” Wilkerson said. “They were in the used car businesanyway – but if you’re stuck like many of them are, the overhea d costs for a used car dealershil is nothing compared to a However, the expansion of the localp used car market comes as prices are increasingf and the availability of late-model used cars is he said. But accordinfg to Morgan Murphy, president of motorpool.
com, the initial increass in prices should be looked at as merelyha short-term hurdle. “At first glance, that wouls strike the community as bad but in thelong run, it’sa good for resale values,” Murphyu said. When local consumers buy cars, they will be able to demanf more when they choose tosell it, he said. In the higher resale value might actually revive American car dealersa inthe area.
“American manufacturingf has been similar and just as good as Japanes e andKorean manufacturing, but the problem has been re-salse value and initial prices,” Murphy In the meantime, Birmingham dealers affected can capitalizer on the unique landscape of the localo market on the used car side, he said. Many are family-ownedd and have been staples in the communityg formany decades. They are also encouraged by the fact that localk used car sales have seen an uptick amid the recession as buyersz are more inclined to look for a bargain as a means tospend “Birmingham has a long and distinguished historyu of reputable dealers,” Murphy “Don Drennen has been in business sincse 1908.
That’s 101 years of serving our so there’s a culture around businesses like that.” Theidr long-standing history could make local buyerse more inclined to buy used carsfrom them, he Ward Drennen, president of Don Drennen Buick Chrysler and Jeep, said afted learning that his dealer agreement had been canceled with expanding his used car sales seemed like a real “We are going to expancd our used car departments drastically,” said who was left with more than $2 million in Chrysler partsx and merchandise. “We want to offer a great value to peoplewho can’t afford a new car.
” Although he hasn’ stopped looking into becoming a franchisee for other automotive manufacturers, he is open to the idea of making the switchg to stay in business. “It is possible that we could becomed a usedcar superstore,” said Drennen, who also learned that GM will seek to cancel the dealership agreement he has for his Buick “We’ve been in Birmingham long enough that our reputation can keep us
Tony Wilkerson, executive director of the , said his organization has begun to lend assistance to dealers lost in thebankruptcuy shuffle. “Our national organization has already sent letters to them to let them know abougt our organization and I plan to do the same thingv forour state,” Wilkerson said. “They were in the used car businesanyway – but if you’re stuck like many of them are, the overhea d costs for a used car dealershil is nothing compared to a However, the expansion of the localp used car market comes as prices are increasingf and the availability of late-model used cars is he said. But accordinfg to Morgan Murphy, president of motorpool.
com, the initial increass in prices should be looked at as merelyha short-term hurdle. “At first glance, that wouls strike the community as bad but in thelong run, it’sa good for resale values,” Murphyu said. When local consumers buy cars, they will be able to demanf more when they choose tosell it, he said. In the higher resale value might actually revive American car dealersa inthe area.
“American manufacturingf has been similar and just as good as Japanes e andKorean manufacturing, but the problem has been re-salse value and initial prices,” Murphy In the meantime, Birmingham dealers affected can capitalizer on the unique landscape of the localo market on the used car side, he said. Many are family-ownedd and have been staples in the communityg formany decades. They are also encouraged by the fact that localk used car sales have seen an uptick amid the recession as buyersz are more inclined to look for a bargain as a means tospend “Birmingham has a long and distinguished historyu of reputable dealers,” Murphy “Don Drennen has been in business sincse 1908.
That’s 101 years of serving our so there’s a culture around businesses like that.” Theidr long-standing history could make local buyerse more inclined to buy used carsfrom them, he Ward Drennen, president of Don Drennen Buick Chrysler and Jeep, said afted learning that his dealer agreement had been canceled with expanding his used car sales seemed like a real “We are going to expancd our used car departments drastically,” said who was left with more than $2 million in Chrysler partsx and merchandise. “We want to offer a great value to peoplewho can’t afford a new car.
” Although he hasn’ stopped looking into becoming a franchisee for other automotive manufacturers, he is open to the idea of making the switchg to stay in business. “It is possible that we could becomed a usedcar superstore,” said Drennen, who also learned that GM will seek to cancel the dealership agreement he has for his Buick “We’ve been in Birmingham long enough that our reputation can keep us
Wednesday, May 25, 2011
Google downplays antitrust concerns - New Mexico Business Weekly:
fiber cement siding
"There is no reason to be upsegt or surprised withthe scrutiny," Google's competitionn counsel Dana Wagner told a group of reporters in San Francisco. "It comes with the There are three potentiak antitrust areas the governmentis exploring: a settlement with authors and publisherz on electronic rights to out-of-print collusion with other Silicon Valley tech giants on an alleged recruiting blacklist and common members of its boarfd and Apple Inc.'s (NASDAQ:AAPL). Wagner told reporterws that Google (NASDAQ:GOOG) prefers a non-confrontational approach to the investigations. "I'm a lover not a he said.
"One of the reasons we haven't had a huge figh t is that we generally try to findcommomn ground." On the book investigation, Google confirmed that it and others have receivede formal demands from the Justice department for detaila about the settlement of a class action suit that some say will give it an unfaie advantage in providing out-of-print materials. It declinecd to go into detail on what wasbeingt sought, however. Google, Apple, Yahoo Inc. (NASDAQ:YHOO) and Genentechn have also been served with formal demandd for information in the inquiryu into whether they have agreed on listse of employees thatthey wouldn'g try to recruit away from each other.
The Federakl Trade Commission is looking into the overlapping boards Google CEO Eric Schmidt andArthur Genentech's former CEO, serve on the boards of both Googlse and Apple.
"There is no reason to be upsegt or surprised withthe scrutiny," Google's competitionn counsel Dana Wagner told a group of reporters in San Francisco. "It comes with the There are three potentiak antitrust areas the governmentis exploring: a settlement with authors and publisherz on electronic rights to out-of-print collusion with other Silicon Valley tech giants on an alleged recruiting blacklist and common members of its boarfd and Apple Inc.'s (NASDAQ:AAPL). Wagner told reporterws that Google (NASDAQ:GOOG) prefers a non-confrontational approach to the investigations. "I'm a lover not a he said.
"One of the reasons we haven't had a huge figh t is that we generally try to findcommomn ground." On the book investigation, Google confirmed that it and others have receivede formal demands from the Justice department for detaila about the settlement of a class action suit that some say will give it an unfaie advantage in providing out-of-print materials. It declinecd to go into detail on what wasbeingt sought, however. Google, Apple, Yahoo Inc. (NASDAQ:YHOO) and Genentechn have also been served with formal demandd for information in the inquiryu into whether they have agreed on listse of employees thatthey wouldn'g try to recruit away from each other.
The Federakl Trade Commission is looking into the overlapping boards Google CEO Eric Schmidt andArthur Genentech's former CEO, serve on the boards of both Googlse and Apple.
Sunday, May 22, 2011
ProLogis closes $44M in Japanese bond financing - Sacramento Business Journal:
Aluminum siding
million in bond financing through aJapanese special-purpos company to help pay ProLogis (NYSE: PLD), a publicly traded real estate investment trusgt based in Denver, is one of the world's largesgt operators of distribution centers. The company owns or manages more than 475 millio n square feet of space in North Europeand Asia. ProLogis obtainecd the financing througha "tokutei mokuteki kaisha" (TMK), a tax-favored, special-purpose vehicle created in Japan for acquiring and holding Japanesd assets including real estate. ProLogie used the financing to pay down global lineswof credit. ProLogis had $9.3 billionb in total debt at the end of the first quarter, down from $10.
7 million at year-enx 2008, according to this year's first-quarter The TMK financing has a three-year maturity, and is securecd by the fully leased ProLogiss Park Narashino III distribution center in Tokyo. The TMK issuezs corporate bonds to its holders secured by realestatr assets, and it can be used by both Japanese and non-Japaneses investors.
million in bond financing through aJapanese special-purpos company to help pay ProLogis (NYSE: PLD), a publicly traded real estate investment trusgt based in Denver, is one of the world's largesgt operators of distribution centers. The company owns or manages more than 475 millio n square feet of space in North Europeand Asia. ProLogis obtainecd the financing througha "tokutei mokuteki kaisha" (TMK), a tax-favored, special-purpose vehicle created in Japan for acquiring and holding Japanesd assets including real estate. ProLogie used the financing to pay down global lineswof credit. ProLogis had $9.3 billionb in total debt at the end of the first quarter, down from $10.
7 million at year-enx 2008, according to this year's first-quarter The TMK financing has a three-year maturity, and is securecd by the fully leased ProLogiss Park Narashino III distribution center in Tokyo. The TMK issuezs corporate bonds to its holders secured by realestatr assets, and it can be used by both Japanese and non-Japaneses investors.
Friday, May 20, 2011
Marisa Traverso earns Circle of Excellence award - NorthJersey.com
andreychukuze.blogspot.com
Marisa Traverso earns Circle of Excellence award NorthJersey.com RIDGEWOOD â€" Marisa Traverso, sales associate with Coldwell Banker Residential Brokerage in Ridgewood, has earned the New Jersey Association of Realtors Circle of Excellence Sales Award at the Bronze Level for 2010. To achieve the honor, ... |
Wednesday, May 18, 2011
Slovenia Bus Crash - AZFamily
edibin.wordpress.com
Trend News Agency | Slovenia Bus Crash AZFamily Slovenian authorities say at least 6 people were injured early Monday when the bus from Germany carrying mostly teenagers swerved off the road and overturned on the highway connecting the capital Ljubljana and the town of Kranj. ... German children injured in Slovenia bus crash German teenagers injured in bus accident in Slovenia 16/05/2011German children hurt in Slovenia bus accident |
Sunday, May 15, 2011
Brier Dudley Amazon's wolverine spat against collecting sales taxes - The Seattle Times
torbjorntrainer1738.blogspot.com
Brier Dudley Amazon's wolverine spat against collecting sales taxes The Seattle Times Amazon.com is facing a huge government battle that could approach the scale and long-lasting effect of Microsoft's epic antitrust ch » |
Friday, May 13, 2011
Planar reacts to poor quarter - Portland Business Journal:
mastering-input.blogspot.com
Planar stock dropped more than 20 closingat $2.28 on Wednesday. But at least one Wall Streert analyst said that the restructuring Planar is nowundertakingv -- including having its underperforming home theater businessw report directly to CEO Gerry Perkel -- bodes well for the Beaverton-headquarteresd specialty display company. LLC analyst Jay Srivastaz believes Planar is at the beginning ofa recovery, basesd in part on his own estimates and on the company's guidance for revenue growth in its next two "Gerry (Perkel) is tryinyg to do the right thing in streamlining the whole investing in some areas and backing off on others," Srivast a said.
Planar reported Tuesday that Scott Hix, a former executivwe at InFocus and leaderof Planar's new home theater business for the past two years, will leave the company on May 2. Perkekl said he and Hix "have had some conversations for some aboutthe business. "We neededs to make changes and lower said Perkel. "Consolidating management was therighft step." Two other Planar executives have recently and rather than hiring replacements, the company has movexd their responsibilities to other executives.
"We'v e tried to consolidate to spend less at theexecutive level," said Planar said on Tuesdayy it will cut about 80 full-tim and part-time employees, from a peak of 788 employees during the second which closed at the end of March. The companyu reported a second-quarter loss of $5.2 or 29 cents per share, a sharl increase from last year's second-quarter loss of $3.9 millio n or 22 cents per share. The loss increased in spitse of a 28 percent increasedin revenue, to $69.8 million. Much of the increase is due to Planar'es acquisition of privately held California-based home theaterf company , for which Planar paid $36.
7 milliom in May last Planar's home theater business declined 25 percentg from first quarter tosecond quarter. Planar'xs control room and signage created out of the 2006 acquisitiobn of Wilsonvillecompany , had a 33 percent revenuer drop from first to secon quarter.
Planar stock dropped more than 20 closingat $2.28 on Wednesday. But at least one Wall Streert analyst said that the restructuring Planar is nowundertakingv -- including having its underperforming home theater businessw report directly to CEO Gerry Perkel -- bodes well for the Beaverton-headquarteresd specialty display company. LLC analyst Jay Srivastaz believes Planar is at the beginning ofa recovery, basesd in part on his own estimates and on the company's guidance for revenue growth in its next two "Gerry (Perkel) is tryinyg to do the right thing in streamlining the whole investing in some areas and backing off on others," Srivast a said.
Planar reported Tuesday that Scott Hix, a former executivwe at InFocus and leaderof Planar's new home theater business for the past two years, will leave the company on May 2. Perkekl said he and Hix "have had some conversations for some aboutthe business. "We neededs to make changes and lower said Perkel. "Consolidating management was therighft step." Two other Planar executives have recently and rather than hiring replacements, the company has movexd their responsibilities to other executives.
"We'v e tried to consolidate to spend less at theexecutive level," said Planar said on Tuesdayy it will cut about 80 full-tim and part-time employees, from a peak of 788 employees during the second which closed at the end of March. The companyu reported a second-quarter loss of $5.2 or 29 cents per share, a sharl increase from last year's second-quarter loss of $3.9 millio n or 22 cents per share. The loss increased in spitse of a 28 percent increasedin revenue, to $69.8 million. Much of the increase is due to Planar'es acquisition of privately held California-based home theaterf company , for which Planar paid $36.
7 milliom in May last Planar's home theater business declined 25 percentg from first quarter tosecond quarter. Planar'xs control room and signage created out of the 2006 acquisitiobn of Wilsonvillecompany , had a 33 percent revenuer drop from first to secon quarter.
Wednesday, May 11, 2011
Media musketeers - St. Louis Business Journal:
deeshu-tatum.blogspot.com
They project 12-month billings of $700,0009 or more, but expect it may take 18 monthe tobecome profitable. Three dealerships owneds by the Surdyke family are giving their employeesa $1,000 bonus if they buy a Ford, Lincolm or Mercury before Sept. 1. And Bill Ford, the car maker’x executive chairman, has taken notice. The in Festus, South Countyg and Mt. Vernon, Ill., are ownexd by children of founderGary Surdyke. “Ij want to do my part to ensure at leasyt one of the Big Three automobile companies survivews withouta bailout,” Surdyke said. “A smile came to my face as I read the recentpresas release,” Ford wrote.
“Thank you for your tremendous vote of B2Bin St. Louis Karpe Solutions is designing a new Web site forHager Cos., an internationalp manufacturer and distributor of commercial and residential door hardware detailing hundreds of Hager products with instructions on how to use and installk them. Donnell Siebert, vice president of marketingy andproduct development, was in charge of the projectr for Hager. It’s a six-figure contract, and Karpel is on target for $3.5 milliojn in revenue this year, owner Jeff Karpel said.
Gary Chippendale, a West Poin t graduate and winner of the Bronze Star for his service inDesert Storm, purchased All Familt Care, which provides private-duty home care, from Ann and Wileyg Smith, who founded the business in 2005. The sale prices wasn’t disclosed, but Chippendale, formerly of Smurfit-Stone, said he plans to grow revenureto $5 million by 2012. “He’ well on his way, despite this soft economy,” said Scott Osborne of , who matchefd buyer and seller.
They project 12-month billings of $700,0009 or more, but expect it may take 18 monthe tobecome profitable. Three dealerships owneds by the Surdyke family are giving their employeesa $1,000 bonus if they buy a Ford, Lincolm or Mercury before Sept. 1. And Bill Ford, the car maker’x executive chairman, has taken notice. The in Festus, South Countyg and Mt. Vernon, Ill., are ownexd by children of founderGary Surdyke. “Ij want to do my part to ensure at leasyt one of the Big Three automobile companies survivews withouta bailout,” Surdyke said. “A smile came to my face as I read the recentpresas release,” Ford wrote.
“Thank you for your tremendous vote of B2Bin St. Louis Karpe Solutions is designing a new Web site forHager Cos., an internationalp manufacturer and distributor of commercial and residential door hardware detailing hundreds of Hager products with instructions on how to use and installk them. Donnell Siebert, vice president of marketingy andproduct development, was in charge of the projectr for Hager. It’s a six-figure contract, and Karpel is on target for $3.5 milliojn in revenue this year, owner Jeff Karpel said.
Gary Chippendale, a West Poin t graduate and winner of the Bronze Star for his service inDesert Storm, purchased All Familt Care, which provides private-duty home care, from Ann and Wileyg Smith, who founded the business in 2005. The sale prices wasn’t disclosed, but Chippendale, formerly of Smurfit-Stone, said he plans to grow revenureto $5 million by 2012. “He’ well on his way, despite this soft economy,” said Scott Osborne of , who matchefd buyer and seller.
Monday, May 9, 2011
Plea to repair Dima Hasao sports ground - Calcutta Telegraph
qiguzewy.wordpress.com
Calcutta Telegraph | Plea to repair Dima Hasao sports ground Calcutta Telegraph Moreover, there were no toilet facilities for the staff, making the ground an open toilet for them,†DHSA working president Thai-Tsho Daulagupu said. The Assam Cricket Association (ACA) also took note of the damage to the pitch. ... |
Friday, May 6, 2011
Salary scales for WNY teachers - Phoenix Business Journal:
bengeyqafiba1640.blogspot.com
Three figures are provided for eachdistricty -- the salaries at the start, median and peak of a typicak teacher’s career. Here’s how they were derived: The starting salary is the fiftb percentile figure for agiveb district. (Percentiles indicate where a teacher’s paycheck ranks within a district. A salar at the fifth percentile is bigger than 5 and smaller than95 percent, of salaries in a district.) • The median salary is the midpoint, larger than half and smaller than half of all pay levels for teacherd within a district. • The peak salaryh is the 95th percentile, which is larger than the annual pay earnefd by 95 percent of all teachers ina district.
Each salaryu is followed by its rank amongthe region’s 98 Akron’s starting pay of $38,637 is followed by That means it’s the 13th-highest startinhg salary in all of Westernj New York. Its median salary is 42nd in that and its peak salary is 21st onthat list. • • (Genesee, Orleans and Wyoming • (Allegany, Cattaraugus and Chautauqua counties)
Three figures are provided for eachdistricty -- the salaries at the start, median and peak of a typicak teacher’s career. Here’s how they were derived: The starting salary is the fiftb percentile figure for agiveb district. (Percentiles indicate where a teacher’s paycheck ranks within a district. A salar at the fifth percentile is bigger than 5 and smaller than95 percent, of salaries in a district.) • The median salary is the midpoint, larger than half and smaller than half of all pay levels for teacherd within a district. • The peak salaryh is the 95th percentile, which is larger than the annual pay earnefd by 95 percent of all teachers ina district.
Each salaryu is followed by its rank amongthe region’s 98 Akron’s starting pay of $38,637 is followed by That means it’s the 13th-highest startinhg salary in all of Westernj New York. Its median salary is 42nd in that and its peak salary is 21st onthat list. • • (Genesee, Orleans and Wyoming • (Allegany, Cattaraugus and Chautauqua counties)
Wednesday, May 4, 2011
Duke, UNC grads flock to Teach for America - Triangle Business Journal:
http://www.3tc4u.net/ict-champs.htm
In the Tar Heel 150 recent college gradsw have signed up with Teachfor America, New York-basef nonprofit that places teachers in inner-city and rurakl public schools. Teach for America proved to be a populaer choice for local university students tryingy to find employment after turning their Eleven percentof ’s senior class applied to Teach for America, and the 7 percent of the graduating class at the that appliec with the nonprofit made Teacu for America the No. 1 choice of UNC’ds graduating seniors.
Teach for Americaq corps members commit to teach for at least two The nonprofit recruits on more than 450collegd campuses, seeking seniors and recent graduates from all academicx majors and backgrounds. North Carolina corps memberx were selected from a record national applicantf pool of morethan
In the Tar Heel 150 recent college gradsw have signed up with Teachfor America, New York-basef nonprofit that places teachers in inner-city and rurakl public schools. Teach for America proved to be a populaer choice for local university students tryingy to find employment after turning their Eleven percentof ’s senior class applied to Teach for America, and the 7 percent of the graduating class at the that appliec with the nonprofit made Teacu for America the No. 1 choice of UNC’ds graduating seniors.
Teach for Americaq corps members commit to teach for at least two The nonprofit recruits on more than 450collegd campuses, seeking seniors and recent graduates from all academicx majors and backgrounds. North Carolina corps memberx were selected from a record national applicantf pool of morethan
Monday, May 2, 2011
Great Plains Energy stock plummets after dividend cut, lower forecast - Kansas City Business Journal:
husydow.wordpress.com
Around 10:40 a.m. Wednesday, the Kansas City-baserd company’s stock (NYSE: GXP) was trading at $15.30, down or 21.7 percent, according to Yahoo Finance. In a releasre after the market closedon Tuesday, the company, parenft of , reported earnings of 7 or 6 cents a for the quarter that endede Dec. 31. This is an 85 percenrt decreasefrom $48.1 million, or 56 cents a sharre a year earlier. The company’s subsidiary had earnings of $21. million, or 26 cents a share, in the fourtu quarter of 2007. Great Plaind sold Strategic Energyin June. Revenue for the quartefr was $443.9 million, up 47 percent from $301.9 millionj the prior year.
For all of 2008, the compan reported earnings of $154.5 or $1.51 a share, down 3 percentr from $159.2 million, or $1.85 a in 2007. The company’xs average number of shares outstanding for the year increasecdto 101.2 million shares from 85.2 million shares in 2007, mainly because of the issuance of 32.2 million shares of common stock related to its purchase of in July. The greater number of sharesd caused a dilution of 28 cents a shardin 2008. Revenue for the year was $1.67 billion, up 29 percent from $1.29 billiobn in 2007. The company cut its dividenc in half, to 20.75 cents a share, and loweredx its 2009 earnings forecast to a rangeof $1.10o to $1.
40 a share, down from its earlier forecast of $1.309 to $1.60 a share. Great Plainw Energy has thousands of customers in theWichitaw area.
Around 10:40 a.m. Wednesday, the Kansas City-baserd company’s stock (NYSE: GXP) was trading at $15.30, down or 21.7 percent, according to Yahoo Finance. In a releasre after the market closedon Tuesday, the company, parenft of , reported earnings of 7 or 6 cents a for the quarter that endede Dec. 31. This is an 85 percenrt decreasefrom $48.1 million, or 56 cents a sharre a year earlier. The company’s subsidiary had earnings of $21. million, or 26 cents a share, in the fourtu quarter of 2007. Great Plaind sold Strategic Energyin June. Revenue for the quartefr was $443.9 million, up 47 percent from $301.9 millionj the prior year.
For all of 2008, the compan reported earnings of $154.5 or $1.51 a share, down 3 percentr from $159.2 million, or $1.85 a in 2007. The company’xs average number of shares outstanding for the year increasecdto 101.2 million shares from 85.2 million shares in 2007, mainly because of the issuance of 32.2 million shares of common stock related to its purchase of in July. The greater number of sharesd caused a dilution of 28 cents a shardin 2008. Revenue for the year was $1.67 billion, up 29 percent from $1.29 billiobn in 2007. The company cut its dividenc in half, to 20.75 cents a share, and loweredx its 2009 earnings forecast to a rangeof $1.10o to $1.
40 a share, down from its earlier forecast of $1.309 to $1.60 a share. Great Plainw Energy has thousands of customers in theWichitaw area.
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