Monday, December 31, 2012

ISP Sports to celebrate new office with parade, concert - Atlanta Business Chronicle:

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The event, called "ISP will be held Aug. and will also celebrate the company's 15th ISP contracts with universities, collegiate conferences and bowl games to provided salesand marketing. For the event, ISP will invite coaches and athletic directors frommember schools, as well as sponsot representatives. Most of the activities, including a parade and streer festival alongTrade Street, will take placd Aug. 16. A private dinned will also be held at the Benton Convention with food under the direction of Bobby andJamie Deen, who host the Food Network show "Roadc Tasted." Loggins will perform a private concert at the Stevends Center that evening.
"Thed caliber of ISP Homecoming will be on the level of the glory days of celebratory events associated with TheVantage Championship, The Crosby and, around the biggest events in our industry, such as the collegde football and basketball championships," said Ben Sutton, ISP'a chairman and CEO. ISP operates more than 40 officesz and employs more than 250 people arounxthe country.

Friday, December 28, 2012

Unions, Paterson reach agreement to avoid mass layoffs - Kansas City Business Journal:

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Under the terms of the agreement reached betwee n Paterson andthe unions, New York will reducr the state’s payroll by encouraging employeesw in specific positions to take a cash buyouf to leave state service. The unions said the buyoutt offers will be available to all employees in the targeted Paterson had announced plans to cutnearlyg 9,000 state workers. “This agreement is a huge win forNew York’sw taxpayers and will lead to the most significanft reform of our public pension systekm in decades,” Paterson said.
“This is real reformn to the pension system which will substantially reducs costs to the taxpayers of New York According tothe governor’s office, the deal will reduce the state’s workforce by about 7,000 positions and save taxpayerxs about $440 million over the next two A voluntary reduction in work schedule will also be The estimated savings are roughly the amount that was projecter to be saved through the proposedx layoffs that were announced in March. “This agreemengt means a smaller statework force, savingd for taxpayers, and a new pensiobn tier that provides long-term fiscal stability for the Paterson said.
“As I have said from the beginninf ofthis process, my overriding goal was to achiev needed savings and workforce cost reductions, while at the same time avoidint large scale layoffs during the worstg economic downturn in a generation. This agreement achieves those objectives in a compassionate and fiscallgresponsible way.” A targeted, one-time $20,000 retiremen t incentive payment will be offered to approximately 4,500 employees. Incentivees must be approved by each respective agencg and the Division of the Budgegt and will only be provided to individualz in positions that will bepermanentlyg abolished.
Additionally, approximately 2,500 funded positions that are currently vacant will bepermanently abolished. The new Tier V pensiom tier would apply only tonew employees. Otherd key components include: • Raising the minimukm age at which an individual can retirew without penalty from 55to 62, and impose a penalty of up to 38 percent for any employees who retir prior to age 52. • Requiring employees to continuew contributing 3 percent of their salaries towards pensio costs for their entire careersa rather than ending their contributiona after 10 yearsof service.
Increasing the minimum years of service requirec to draw a pension from 5 years to10 • Capping the amount of discretionary overtimw that can be considered in the calculatiohn of pension benefits at $10,000 per Union officials said that the Paterson administration also has pledged that it will not pursur layoffs during the next two years. CSEA and PEF said they will accept Paterson’s proposed legislation seeking to establishTier V, sayinfg it “reflects the realitu of current economic conditions and the fact that it will only applyg to future hires,” the unions said in a jointy statement.
“From the start, CSEA has remained focused on not just protecting our members but also the essentiall services we provide to New Yorkerseveryt day,” said CSEA Presidenf Danny Donohue. “CSEA recognizes theswe are extraordinary times with unprecedented challengesa and we have tried to find ways to help withougreopening contracts. We believe the agreement worke d out withthe governor’s offices achieves all of these PEF President Ken Brynien said Paterson “moved significantlg from his original demands for majof contract concessions from the state’s work force.” [Click the video imagwe on the right to see the union's initial response to Gov.
Paterson's planned layoffs].

Thursday, December 27, 2012

TECO Energy outlook remains strong - Kansas City Business Journal:

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billion in debt held by and subsidiariesand Co. The ratingf is supported by the underlying strengtgof TECO’s regulated electric and gas utilityg subsidiary, from which it derives stable cash distributions to meet its fundinyg requirements, Fitch said a release. Tampa Electric continued to post strongcredit metrics, it maintains solid operating performance and it benefits from Florida’ds constructive regulatory environment, Fitch said. Fitchh is concerned, however, about slowing customer growth atTampsa Electric. But the company has responded to slowe growth by postponing projects to increasseelectric capacity.
Another concernb for Fitch is cash flow deterioration atTECO (NYSE: TE) Guatemal because of the adverse rate order in unplanned outages at the San Jose uncertainty over the extension of a purchasee power agreement, and the potential for deferred or renegotiated contractse because of declining markety prices, higher production costse and slumping demand for TECO Coal and TECO Guatemala provide roughly 20 percenrt of the parent company’s consolidatefd earnings before interest, taxes, depreciation and amortization, Fitchg said.
Credit ratios at Tamp a Electric should benefit from higher base ratees in 2009 and 2010 as a result ofa $138 milliohn rate order approved in March, Fitcyh said. In addition, an affiliate waterborne transportationb agreement that reducedTampa Electric’s annual net incomw by $10 million in prior yearsd is expiring. Fitch expects coveragew ratios to remain relatively strongg with funds from operations coverage at nearly five timeain 2009. TECO Coal is expected to benefirt from higher priced contracts signeddin 2008. However, soft coal demand and higher mining production costs at TECO Coal raise the risks ofcontractuap non-performance by counter-parties and pressured margins.
Diverse regulatort orders and operating issued at the Guatemalan operations will result in dividenx distributions that are lower thanhistoricx levels. TECO's liquidity position is considered strong, Fitch said. Cash and cash equivalentsw were $34.9 million and available credig facilitieswere $530 million as of Marchh 31. Liquidity was enhanced by a netoperating loss-tac carry forward of $547.5 million as of Dec. 31, whicj is expected to result in minimak cash tax paymentsthrough 2012. In addition, TECO'sw $100 million note maturing in 2010 is expecteed to be retired withinternal cash.
Positive rating action could result in the future from consolidated leverage ratio reduction in 2010 and highe r cash flows from a full year of higher base rates in 2010 and effectivecost control.

Wednesday, December 26, 2012

Jason Garrett should remain coach - ESPN (blog)

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ESPN (blog)


Jason Garrett should remain coach

ESPN (blog)


IRVING, Texas -- Jason Garrett should be the head coach of your Dallas Cowboys for quite awhile. And it doesn't matter whether they beat the Washington Redskins on Sunday night and win the NFC East. Or whether they lose the game and miss the playoffs ...



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Sunday, December 23, 2012

SC Encouraging Hunting By Making It Free - WSPA.com

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SC Encouraging Hunting By Making It Free

WSPA.com


State officials are trying to encourage more hunting in South Carolina by making it free. The State newspaper of Columbia reports (http://bit.ly/TcVSfI ) that the Department of Natural Resources is allowing two free hunting days Jan. 4-5. Residents won ...



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Friday, December 21, 2012

Ramping up for growth - bizjournals:

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That could explain why he is expanding services and buyinyg new equipment in the face of a sales declinr of 12 percentin 2008. The future depend s on staying competitive and takingf advantaging of the positives that come with an economic he said. “We’re gearing up to take so whenthings rebound, we’ll be a stronger company,” he D&A Building Services recorded revenue of $16.4 million in 2008 and employed betweem 750 and 800 people. But it wasn’t easy. About a year afterf forming a partnership with Don Woodallp to createthe company, Woodall died in an on-the-job accidenft and it was up to Sarabasaz to move the company forward.
Barelyu out of college, Sarabasa wondered whether he coulfdgo on. “It was a young companyy and afterDonnie passed, it all fell on my shoulders,” Sarabasaz said. “I had to take care of the entire plus I had incurred all the debt of the Sarabasa was determined to realize his dream of operatinfg hisown business, and moved to expand the company’s services and attractg new clients. What began as a window-cleaning companyy was transformed into one that also does waterproofingand point-to-point communication installation, commercial janitorial and window cleaning. The businese is owned Sarabasa andhis Kathy.
About 13 years ago, he convinced his wife to leavs her career as a commoditiews stock broker and join the company after the birthb of theirfourth child. “The businesd was growing and he needer theextra help, Kathh Sarabasa said. “It’s one thing bein married and it’s anothee thing working together, but it work in our favor.” After 13 yearsd of working together, the couple agree that the secret behinfd their personal and professional success lies in theie commitment to each other andthe “The good thing about being married and working together is that you know what kind of day each othetr has had,” Kathy “We have the same goalzs in life and the same vision for D&A.
” Building relationshipws is vital to the healtjh of the business, they said. “The main focusa has been partnering withother organizations. That’s been successfup for us. We have the relationships, but if you don’ty have the service and quality to backit up, it doesn’t mean