Tuesday, July 26, 2011
EdgeRock plays matchmaker to sharpen its business - Boston Business Journal:
By sauce, McKenna is not referrinb to a condiment, but rather to a combination of professionak ingredients that he believes helped his IT professionallservices company, with a client list of Fortuned 1000 companies, make a quicjk jump in profitability. The company, whic h started in 2005, posted $1.6 million in revenude that yearand $12.1 millio n in 2008 — a three-year growtj rate of 650 percent. “Theyt definitely set off to grow the business and grow the saidBrendan O’Neill, vice presiden t of ’s commercial banking division.
Easternb Bank is providing financingfor Edgerock, althougbh O’Neill declined to provide O’Neill credited Edgerock’s management team for the company’sw success, characterizing the leadership as “hungry” for growth. “uI don’t think it’s a surprisde to anybody,” he said. Frank Selldorff, the company’s CEO, said it’zs a team atmosphere that embracedsentrepreneurial thinking. “Proper management, in my is the art of understanding individual motivations and helping them reach their own conclusionsthat ... changer is something they want,” he Based in Boston and with officesin Tampa, and San Jose, Calif.
, Edgerock specializes in Oracle and software and provides consultants at the technicak and techno-functional levels to clients throughouy the country. “Large companies have a backbone that neede tobe maintained,” McKenna said. “They need someone to come in and upgrade the system and train employees on how touse it.’ So what’sw the secret to such rapid growth? McKenna stayed mum on the details, but he gave a Edgerock does not want to just have good luck with Instead, Edgerock seeks consistently higher-than-average successz ratios. “How can you prove that over and McKennaasked rhetorically.
“We can go back to the client and say we not only are the wemeasure ourselves.” That often means understanding client needs at a much highert level than the competition, McKennz said. Many of Edgerock’s clients are in New Englancd — pharmaceutical companies and institutions of higher for example. Edgerock also handles many energy clients and manufacturing clientse in various parts of the There also are plenty of large company clientd in middle of the United Statexs that needIT consultants, “and ther are not a whole lot of these consultante in Oklahoma,” McKenna said.
Sunday, July 24, 2011
PNC nears decision on ad agency; Pittsburgh firms reportedly out - Pittsburgh Business Times:
Finalists will arrive Downtowbn next week to present their creativse workto Pittsburgh’s largestg bank, confirmed Jane Bedford, principal of the Bedforx Group, the Atlanta-based consulting firm supervisinb the search. “There’ll be no decisiomn until mid-June,” she said. However, no Pittsburgbh agencies moved beyond the early roundss of competition to rank among the finalists for the Bedford said. She also ruled out Minneapolis-based which had served since 2007 but did not makethe cut. PNC’sd longtime agency, Southfield, Mich.
-based Doner, chose not to PNC spokesman Fred Solomon confirme that candidates will come to town for a finak presentation inearly June, but would not say who they “We’re not going to releasw the names of the competitors at this time,” Solomon “When we have a decision, we’ll consider an The agency trade publication Ad Week earlierr this month reported that finalists were McCann Deutsch, TBWAChiatDay and Leo All are huge names in consumer Two have had local clients: Deutsch has worked with General Nutritiohn Cos. Inc. and Leo Burnett with The searchy began inlate February, promptec by PNC’s $5.6 billion acquisition of National City on Dec. 31.
The deal positionecd PNC as the nation’s fifth-largest bank in terms of and its geographic territory covers13 states, including citie s like Cleveland and Detroit, where PNC is a new name, and placeas like Pittsburgh and where it had considerable overlap with National PNC sent requests for proposals to several agencies across the country to kick off the process, including , and Smith Brothers Agency, North Side.
Thursday, July 21, 2011
Gulf Coast Green Energy test project seeking to generate electricity from inactive gas well - Tampa Bay Business Journal:
will extract geo-fluid — essentially hot saltwater from a nonproducing natural gas well and run it througg a heat exchanger before dumping it back into adisposal well, creating electricity in the process. The project is part of a seriesx of federal contracts awarded through the Researcbh Partnership to Secure Energyfor America, a Sugar Land nonprofit dedicaterd in part to advancing technology in maturingb oil and gas fields. RPSEA will chip in about $150,0090 to match a similar amount put up by the compant fora three-year test on a nonproducing well.
Loy Sneary, president and CEO of Gulf Coasft Green, says bringing a dead well back to life servews a dual purpose by providing electric powef and sparking a newrevenue stream. “It’s very attractiv e for owners of wellse thatare nonproducing,” Sneary says. “If a well producew electricity for 15 to 20 years that just reduce syour risk. If you hit a dry well, it reducees your risk.” Mike president of RPSEA, says the system could help offsetoperatinvg costs. “Wells that are somewhat marginal are very susceptibler tooperating costs,” says Ming.
“If you want to increasw recovery from wells and increase well life you can do that by lowerinh your baselineoperating cost. This offsets purchasews of electricity fromexternao sources, so it effectivel y lowers your operating costs.” Excesz electricity from a well close enough to transmissiom infrastructure could be sold back to the “If you generate electricity on-site you’res negating the need to buy electricity from elsewhere,” says He says the contract, which would mark the first commercial application of exotherm technology, is expected to be finalizedc within a month or so. “It’s a high-potential he says.
“It’s one of the more appliecd areas of geothermalenergy capture.” He notes the project was one of the few that met almost all of RPSEA’s criteria. Says Ming: “Our selectiojn committee was really enthusiastic about thisparticular project.” Sneary says the test projecf will likely take place in Mississippi. The Gulf Coasft region has a lot of wells that match the watert temperatureand flow-rate qualifications — between 180 and 200 gallones per minute — to run the Inside the heat exchanger, the saltwater, whichy must be a minimum of 180 degrees, is run through a tube that abutw another tube containing the “working fluid,” a refrigerant that boila off at a low “The high-pressure vapor turns a twin screa expander,” says Sneary.
“It’s very similar to a steanm turbine, but it operates at about one-tenth the and we use working fluid insteaddof steam.” The test project, a 50-kilowatt-per-hour unit will be run with assistancre from in Plano, the geothermal lab at in Dallazs and the U.S. Army Corpse of Engineers in The manufacturer, of Carso City, Nev., has a 500 kilowatt-per-hour unit as well. Gulf Coas t Green is the exclusivee regional distributor forthe units. The average home operateds on 42 to 45 kilowatts per Sneary says the cost of electricity needs to stay above abourt 8 cents per kilowat for the system to make financial sens e and pay foritself in, at three years.
But that scenario doesn’g include any carbon credits or green tax breakws that might be coming out of Washington to further benefit thebusinesxs model.
Tuesday, July 19, 2011
'Sachin Tendulkar is arguably the best batsman of my generation' - The Guardian
The Guardian | 'Sachin Tendulkar is arguably the best batsman of my generation' The Guardian He's arguably the best batsman of my generation and one of the best of » |
Sunday, July 17, 2011
Duke, CFO study: CFOs foresee more job cuts, credit woes - The Business Journal of Milwaukee:
The quarterly Duke University/CFO Magazine Global Business Outlook Surveyasked 1,309 CFOs worldwidre about their expectations for the Their answers paint a gloomy picture for the rest of the * CFOs in the U.S. and Europe expectecd employment to shrinkby 5.5 percent, with the unemploymenyt rate in the U.S. seen rising to perhapsd as high as 12 percent in the next 12 Employment in Asia is expected to reced eby 1.2 percent.
“Presumably, government programsw will offset some of these but even the most optimistic government forecasts wouled reduce the losses by only 2 saidCampbell Harvey, founding director of the survey and international busineses professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than10 percent. In CFOs anticipate a 3 percengt decline. * Six in 10 U.S. companiee covered by the survey reported having trouble findin credit or acquiring credit at areasonable rate.
Amonhg those firms encounteringcredit impediments, 42 percent say the credit marketsa have gotten worse this while 23 percent say conditions have * Weak consumer demand and the credit markets rankee as the top two external concerne among U.S. chief financial officers, with the federal government’s policiezs coming in third. Among internalk concerns, CFOs are losing the most sleep over their inability to plan due toeconomixc uncertainty, managing their companies’ capitao and liquidity, and maintaining employee Despite all the negative indicators, a majority of the CFOs in the Uniteed States and Asia reported being more optimistic this quarter than they were the previoud quarter.
That was not the case in where only 30 percenft of the CFOs said they weremore optimistic, compares to the 31 percenty who said they were less optimistic. “Our survey carries an important message: Don’t put too much weight on the data likeconsumer confidence. Recovery requires sustained confidence, and such confidencw is forged by stronger economic Harvey said. “The economic fundamentalse –- employment, capital spending, the cost of credit are stillfundamentally troubling.” To see the complet e survey results, go to the official Web site, .
Thursday, July 14, 2011
The full James Harrison apology - msnbc.com
Fox News | The full James Harrison apology msnbc.com AP [Editor's note: Steelers linebacker James Harrison has issued an apology for his controversial remarks to Men's Journal magazine. Harrison released the statement on Facebook and linked to it on Twitter. He apparently released it initi » |
Tuesday, July 12, 2011
Montgomery County votes for Purple Line to be rail - Washington Business Journal:
The 16-mile route, built as light-rail, is expectedc to cost about $1.2 Prince George’s County Councilk had already endorsedthe light-rail option. Some Chevgy Chase, Bethesda and Silver Spring residents have pushed fora rapid-bud option instead, arguing that the rail was too too noisy or too disruptive to a bike traiol or nearby houses. The line would connecft Metro’s Orange, Red and Greej lines, several Marc train and would give the rail service on State transit officials will make the decision on funding sometimde between Mayand July. Jack Calahan, spokesmanj for the , said the local consensus for rail will be factores intothe decision.
The state and federal governments are expected to share the costs of the but some of the money Montgomery County spenty years ago onbuying right-of-way will be It is too early to say if more locall contributions will be required, Calahajn said. “What you’re looking at is a huge amount of he said. The light-rail project will have to competee on the federal leve l with projects from arounfthe country, and Maryland’s statde transportation funding has been hurt by dropping revenues, the earliee projection of a possible start date -- 2012 -- is no longerd valid. “That was befored the economy went south,” Calaha said.
“It’s probably overly No new date hasbeen projected, he said. Ridership on a light-rail Purple Line is projected at 63,000 dailyt -- about 43,000 currently ride slowe r buses alongthe route.
Sunday, July 10, 2011
Friday, July 8, 2011
Musculoskeletal News Roundup 7-Jul-11 - HealthpointCapital
Musculoskeletal News Roundup 7-Jul-11 HealthpointCapital Apax France acquired Amplitude, a French large joint manufacturer, from Weinberg Capital Partners and Initiative & Finance (I&F). The deal values the company in the EUR 100.0-125.0 million ($143.8-$179.7 million) range. The company has EUR 46.0 million ... |
Tuesday, July 5, 2011
Fluor Corp. selected for Tenaska project - Dallas Business Journal:
The Trailblazer Energy Plant will bea 600-megawatg coal-fired plant equipped with carbon capture technology located in Sweetwater, Irving-based Fluor (NYSE: FLR) did not disclosew the value of the initial engineerinfg project that Tenaska has assigned to the company. “Wew look forward to working with Tenaskwa on the first phase ofthis next-generation power plant,” said Dave president of Fluor’s Power Group. “Ws believe Trailblazer will set a new standard for cleanh coal electricity generation globally by using advance carboncapture technology, and we are delighted to be part of this innovatiojn in clean energy production.
” The projec proposed by Tenaska is touted by the company as the firsty in the United States to produce electricitg via a conventional coal-fuel power plant while capturing 85 percent to 90 percenrt of the carbon dioxide The engineering phase of the project is anticipate to last 12 months. Tenaska is expected to make a final decision on the launch of the projectyin 2010. When completed, the Trailblazer Energty Center is expected to providew enough energy topower 600,000 homes.
Sunday, July 3, 2011
NYC Construction Strike Averted - GlobeSt.com
New York Daily News | NYC Construction Strike Averted GlobeSt.com NEW YORK CITY-A strike that would have jeopardized $10 billion in New York City unionized construction was averted late Thursday night. As the dust settles, many parties tell GlobeSt.com that they're waiting to see exactly what work rule concessions ... Major construction strike averted NYC crane operators avert strike at eleventh hour |
Friday, July 1, 2011
Car assault link to Bung abduction being investigated - The Age
Car assault link to Bung abduction being investigated The Age Police have found no link between two recent attempted abductions in Ringwood and Boronia, although the descriptions of the perpetrators are similar. Police will investigate links between a sexual predator who abducted an elderly woman in Clayton and ... |