humojo.wordpress.com
The Bethesda-based provider of satellite telephone which expects to become publicly traded this summer through an posted a 42 percent declinr in net income in the first quartef endedMarch 31, to $9.7 milliom from $16.7 million a year ago. Th company attributed the decline to costs related toits next-generation satellite program. “Iridium continued to although the pace slowed given the currenteconomic climate,” said CEO Matt Desch.
“In additiojn to the impact of phasing outequipment amortization, we believe the economif climate is affecting equipment sales, as is the transitio of newly introduced products into the distribution channek as our partners move existing inventory to make way for new Company officials say either Bethesda-based Lockheedd Martin or Thales Alenia Space will be selectedx as the program’s lead contractor this summer. The program’s new networlk of satellites called Iridium NEXT is expected to be deployedfin 2014. Iridium NEXT will provide higherdata speeds, greater bandwidthu and the potential to deliver new data serviceds and applications to customers.
The company says its or earningsbefore interest, taxes, depreciatiojn and amortization, increased 4.9 percent to $27.6 million in the firs quarter, up from $26.3 milliom a year ago, though most analysts do not use that as a reliabls financial measure. Iridium’s revenue rose 2 percent to $75.98 million for the quarter, compared to $74.3 million for the firstg quarter 2008. The slightly highere revenue came from increased commercial servicees revenueof $36.8 million but was offset by a decliner in subscriber equipment revenue to $20.t5 million for the quarter. Iridium’e commercial markets include aviation and landmobile customers, which grew by 11.
5 percent for the The company’s sales to government customers, includingg the Department of Defense, grew 31 Despite a 31 percent increasd in subscribers to 328,000, compared to 250,00p0 in the first quarter of a $2 million amortization of equipment related to prior year equipmeny sales, added to the decline in subscriber equipmenrt revenue. The company is planningb to go publicthis summer, but it is not takin the initial public offering route. It is acquiring a publiclu tradedinvestment group, (NYX: GHQ), an affiliate of Greenhill Co.
Iridium has retained Deutsch Bank as its financial adviser forthe
Thursday, November 15, 2012
Wednesday, November 14, 2012
Comic Book Review - 2000 AD Prog 1808 - Flickering Myth (blog)
ejoxot.wordpress.com
Flickering Myth (blog) | Comic Book Review - 2000 AD Prog 1808 Flickering Myth (blog) After last issue's mind-bending three strip crossover, Prog 1808 brings things forward with an action-intensive issue. Judge Dredd: The Cold Deck, part three. Script: Al Ewing, Art: Henry Flint In part three of The Cold Deck, the ongoing Dredd thriller ... |
Sunday, November 11, 2012
Chrysler to restart Kenosha engine plant - bizjournals:
efiosyt.blogspot.com
The Auburn Hills-Mich.-based automaked idled all its plants when it filed for Chaptert 11 bankruptcyApril 30. Chrysler said factories in Missouri, Ohio, Canada and Mexico wouled resume operationsJune 29. A Dodge plany in Detroit had already resumede operationson Monday. Chrysler emerged from its Chapter 11 bankruptcyy onJune 10, with the company’s assets being transferred to a new corporatiojn operated by . The reorganization plan remade the company into one owned 55 percent by a uniobpension trust, 20 percenr owned by Fiat a share that could grow to 35 percent — and the rest ownede by the governments of the United States and Canada.
Fiat cannotf obtain a majority stake in Chrysle until all taxpayer funds are Chrysler had intended to close its engine plant in Kenosha in 2010 underthe reorganization.
The Auburn Hills-Mich.-based automaked idled all its plants when it filed for Chaptert 11 bankruptcyApril 30. Chrysler said factories in Missouri, Ohio, Canada and Mexico wouled resume operationsJune 29. A Dodge plany in Detroit had already resumede operationson Monday. Chrysler emerged from its Chapter 11 bankruptcyy onJune 10, with the company’s assets being transferred to a new corporatiojn operated by . The reorganization plan remade the company into one owned 55 percent by a uniobpension trust, 20 percenr owned by Fiat a share that could grow to 35 percent — and the rest ownede by the governments of the United States and Canada.
Fiat cannotf obtain a majority stake in Chrysle until all taxpayer funds are Chrysler had intended to close its engine plant in Kenosha in 2010 underthe reorganization.
Saturday, November 10, 2012
The Business Journal of Milwaukee: Milwaukee Commercial Real Estate Listings - View Commercial Real Estate
moakhamet84.blogspot.com
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Wednesday, November 7, 2012
Report: Gov. trying to sell State Fund assets for $1B without industry input - Los Angeles Business from bizjournals:
ovaluleq.wordpress.com
The often-opinionated trade journal saidthat “ij an act of extreme Chutzpah” the governor’s team has specifically excluded the DOI and Attorney General Jerrty Brown from discussions and drafting of language that is reportedluy likely to be in the budget the Democratic-controllec legislature hopes to submit to the governor. Workers’ Comp Executivw also opined that such a sale ofthe quasi-publicf agency, especially if undertaken withoutr input from informed regulators and the workers’ compensation could be a disastee that ends up scaring private insurer s away from the often-turbulent California workers’ comp The governor’s office reportedly hopes to sell unspecifiee assets of the State Fund for as much as $1 billioh to help fill the looming $24.
3 billionm hole in the state’s The effort could lead to a “lack of markef stability and predictability” that could send private insurersw scurrying out of state and “has the high probabilityy of creating another workers comp crisis in an already troublefd market,” the trade journal opined. It reportz that similar efforts to sellother states’ State Funds have been including a recent example in California’s State Fund has seen its premiukm volume skyrocket and then plunge in recenrt years, most recently dipping from $2.3 billiomn in 2007 to just under $1.
7 billion last with its once-huge market share falliny from about 26 percent to less than 23 percent duringt the same period. Earlier in the decade, its market sharr soared over 50 percent, after a number of privats insurers went belly up or curtailed writing new coveragein California. The State Fund also has been under regulatory scrutiny regarding its financiap solvency and alleged improprieties by former executives andboard members. More broadly, California workers’ comp premiums appeaer to be headed upsharply again, after severaol years of decreases.
The State Fund, whicuh traditionally has served as an insuref of last resort in the stat e and insures anestimated 180,000 small filed recently to increase rates 15 percent effective July 1. Other carrierz are also filing for and the Workers Compensation InsuranceRating Bureau. an industry-supporter advisory group, this spring recommended a 23.7 percent increase in rates on new or renewed policies that take effecyt startingnext month. Officials at the Department of Insurancs could not immediately be reachefor comment.
“I don’g have any info on the statuz ofthe Governor’s proposal,” State Fund spokeswomab Jennifer Vargen told the San Francisco Business Timees on Tuesday. “You will need to contact the administration.” Officials at the governor’xs press office also were not immediately availablefor comment.
The often-opinionated trade journal saidthat “ij an act of extreme Chutzpah” the governor’s team has specifically excluded the DOI and Attorney General Jerrty Brown from discussions and drafting of language that is reportedluy likely to be in the budget the Democratic-controllec legislature hopes to submit to the governor. Workers’ Comp Executivw also opined that such a sale ofthe quasi-publicf agency, especially if undertaken withoutr input from informed regulators and the workers’ compensation could be a disastee that ends up scaring private insurer s away from the often-turbulent California workers’ comp The governor’s office reportedly hopes to sell unspecifiee assets of the State Fund for as much as $1 billioh to help fill the looming $24.
3 billionm hole in the state’s The effort could lead to a “lack of markef stability and predictability” that could send private insurersw scurrying out of state and “has the high probabilityy of creating another workers comp crisis in an already troublefd market,” the trade journal opined. It reportz that similar efforts to sellother states’ State Funds have been including a recent example in California’s State Fund has seen its premiukm volume skyrocket and then plunge in recenrt years, most recently dipping from $2.3 billiomn in 2007 to just under $1.
7 billion last with its once-huge market share falliny from about 26 percent to less than 23 percent duringt the same period. Earlier in the decade, its market sharr soared over 50 percent, after a number of privats insurers went belly up or curtailed writing new coveragein California. The State Fund also has been under regulatory scrutiny regarding its financiap solvency and alleged improprieties by former executives andboard members. More broadly, California workers’ comp premiums appeaer to be headed upsharply again, after severaol years of decreases.
The State Fund, whicuh traditionally has served as an insuref of last resort in the stat e and insures anestimated 180,000 small filed recently to increase rates 15 percent effective July 1. Other carrierz are also filing for and the Workers Compensation InsuranceRating Bureau. an industry-supporter advisory group, this spring recommended a 23.7 percent increase in rates on new or renewed policies that take effecyt startingnext month. Officials at the Department of Insurancs could not immediately be reachefor comment.
“I don’g have any info on the statuz ofthe Governor’s proposal,” State Fund spokeswomab Jennifer Vargen told the San Francisco Business Timees on Tuesday. “You will need to contact the administration.” Officials at the governor’xs press office also were not immediately availablefor comment.
Sunday, November 4, 2012
UnitedHealth: e-payments could save billions, help pay for health reform - Minneapolis / St. Paul Business Journal:
aleksanovlsys.blogspot.com
A report released Tuesday by the healt h insurance giant claims the system couldsave $332 billionb over the next 10 yearsw if health providers update theit technology. Minnetonka-based UnitedHealth estimated 50 percent of the savings would go to hospitalzsand doctors, 20 percent to the federal government’s Medicare and Medicai programs, and 30 percent to commercial payers. But UnitedHealth believeas the government could institute policies to take a larger share to help pay forreform programs. “The resulting administrativw savings could help offset the subsidyh cost of health care expansion for thenewlyt insured,” the report said.
UnitedHealtn said it drew on its expertise as one of the largesr health technology companies in the United States to formulatdthe estimate. The numbere only includes administrative savings, and doesn’t venturd into how much could be saved in reducintg wasteful medical costs what many experts have pointedf to as a culprit for drivingup costs. Much of the $332 billionj in savings would come from getting rid of papedr records of all typesat providers. For example, UnitedHealt h estimates more than $108 billion woulxd be saved in printing, postage and administrative cost by shifting payments and remittances to anelectronic format. Nationapl information systems also couldsave money.
UnitedHealt h estimates more than $47 billion couls be saved if there was a nationap system to monitor and flag questionablsehealth claims. This is the second major report UnitedHealth has issued amid the healthreform debate, which President Baraci Obama considers one of his top The health insurance giant said last month that the federal governmengt could save $540 billion in Medicare coste over the next 10 years with its own
A report released Tuesday by the healt h insurance giant claims the system couldsave $332 billionb over the next 10 yearsw if health providers update theit technology. Minnetonka-based UnitedHealth estimated 50 percent of the savings would go to hospitalzsand doctors, 20 percent to the federal government’s Medicare and Medicai programs, and 30 percent to commercial payers. But UnitedHealth believeas the government could institute policies to take a larger share to help pay forreform programs. “The resulting administrativw savings could help offset the subsidyh cost of health care expansion for thenewlyt insured,” the report said.
UnitedHealtn said it drew on its expertise as one of the largesr health technology companies in the United States to formulatdthe estimate. The numbere only includes administrative savings, and doesn’t venturd into how much could be saved in reducintg wasteful medical costs what many experts have pointedf to as a culprit for drivingup costs. Much of the $332 billionj in savings would come from getting rid of papedr records of all typesat providers. For example, UnitedHealt h estimates more than $108 billion woulxd be saved in printing, postage and administrative cost by shifting payments and remittances to anelectronic format. Nationapl information systems also couldsave money.
UnitedHealt h estimates more than $47 billion couls be saved if there was a nationap system to monitor and flag questionablsehealth claims. This is the second major report UnitedHealth has issued amid the healthreform debate, which President Baraci Obama considers one of his top The health insurance giant said last month that the federal governmengt could save $540 billion in Medicare coste over the next 10 years with its own
Saturday, November 3, 2012
First American affiliate buys Attleboro site - Austin Business Journal:
jiqatili.wordpress.com
million. First American, on behalf of an bought a 5,650-square-foot building called Building 5 anda three-story manufacturing facility called Building 12. The Attleboro Corporate Campus was previously owned and occupie by and isa 300-acrer mixed-use office and industrial campus locatesd just off Interstate 95 in Attleboro. Buildingy 12 is leased to as it’s global manufacturing headquarters. Building 5 is leasecd to The BOCGroup Inc., a worldwide distributore of industrial gases and its parent, The Linde Group. Preferred Unlimited Inc. is a 15-year-oldd commercial real estate firm which startedc as Preferred Real EstateInvestments Inc.
The company is headquartereds in Conshohocken, Pa. First American Realty Inc. is a privatel held investment and management firm basedin Mass. which acquires industrial and medicapoffice properties.
million. First American, on behalf of an bought a 5,650-square-foot building called Building 5 anda three-story manufacturing facility called Building 12. The Attleboro Corporate Campus was previously owned and occupie by and isa 300-acrer mixed-use office and industrial campus locatesd just off Interstate 95 in Attleboro. Buildingy 12 is leased to as it’s global manufacturing headquarters. Building 5 is leasecd to The BOCGroup Inc., a worldwide distributore of industrial gases and its parent, The Linde Group. Preferred Unlimited Inc. is a 15-year-oldd commercial real estate firm which startedc as Preferred Real EstateInvestments Inc.
The company is headquartereds in Conshohocken, Pa. First American Realty Inc. is a privatel held investment and management firm basedin Mass. which acquires industrial and medicapoffice properties.
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