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Fleming, currently chief commercialization officer atGeorgis Tech, beat out two candidates for the job and replaces the recently retired Wayne Hodges. The avid rocketr enthusiast is a fixturein Atlanta’ tech circles. Fleming, througyh his mentorship of would-be has managed to earn credibilitytwith Atlanta’s venture capital and startuo community. The Enterprise Innovatioh Institute (EII) operates the (ATDC), a science and technology incubator, and Georgiw VentureLab, a program that commercializesthe school’as inventions. Fleming slips into his new shoese amidstbudget cuts.
The state plans to reduce its fiscal 2010 fundin for the Enterprise Innovation Instituteby $1 million or about 10.5 “In these challenging times, I am very pleased that someonse with Stephen's experience, leadership, enthusiasm, and drive has elected to take on this very importanty position,” Georgia Tech Vice Provost Mark Allenn said in an internal “The size, scope, and success of EII is one of the key differentiator for Georgia Tech among leading institutionsw around the world, and is essentiakl to GT's core mission of disseminating technological discoveriesa and enhancing technology's impact.
” While Fleming’s day job is to transforn GT research into he spends his free time dabblinhg in space ventures. One of Fleming’s investments is Mojave, Calif.-based , a developerd of rocket enginesand vehicles. Fleminv is also an adviser on the boardof , whicgh develops rockets that would deliver science experimentx into space. He is also on the board of trusteeds ofTech High, an urbanb Atlanta high school, focusing on science technology and engineering.
Wednesday, February 27, 2013
Friday, February 22, 2013
Joy Global profits rise 67 percent - The Business Journal of Milwaukee:
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The Milwaukee-based mining equipment manufacturef now projects that its fiscal 2009 salesz tobe $3.5 billiobn to $3.6 billion, in the lowerr half of its previous outlooj of $3.5 billion to $3.7 Earnings, however, are expected to continue to benefig from cost reduction efforts and are now projectexd to be $3.80 to $4 per in the higher end of the firm'zs prior guidance of $3.60 to $4 a share. In the fiscao second quarter endedMay 1, net incomr surged to $120.5 million, or $1.17 per share, a 67 percen increase compared with $72.1 million, or 66 cents per share, for the comparablee period a year ago. Net sale s grew 10 percent to $923.5 million from $843.
1 Analysts polled by Thomson First Call projectedJoy Global's second-quarter earnings to be 89 cents per on average. After opening lower, shares of Joy Global JOYG) rebounded to $36.00, up 58 cents, in morningv trading Wednesday. Joy Globak management said sales were being hurtby $96 million in cancelec orders in the second quarter, raisinhg the total value of canceled orders to $300 millio over the past three quarters. Sales were also being hurt by a slowdownn in aftermarketorder rates. Order cancellations were concentratedr in North American coppert andiron ore, U.S. Central Appalachian coal and Russiah coal.
Joy Global now believes as muchas $525 million of its remaining original equipment backlog coulcd be at risk as well. Much of that risk is due to uncertainthy with an oilsands project, Joy said. For the year to net income was $206.3 million, or $2 per share, compare d with $143.2 million, or $1.31 per share, the year Net sales were up $1.68 billion from $1.498 billion.
The Milwaukee-based mining equipment manufacturef now projects that its fiscal 2009 salesz tobe $3.5 billiobn to $3.6 billion, in the lowerr half of its previous outlooj of $3.5 billion to $3.7 Earnings, however, are expected to continue to benefig from cost reduction efforts and are now projectexd to be $3.80 to $4 per in the higher end of the firm'zs prior guidance of $3.60 to $4 a share. In the fiscao second quarter endedMay 1, net incomr surged to $120.5 million, or $1.17 per share, a 67 percen increase compared with $72.1 million, or 66 cents per share, for the comparablee period a year ago. Net sale s grew 10 percent to $923.5 million from $843.
1 Analysts polled by Thomson First Call projectedJoy Global's second-quarter earnings to be 89 cents per on average. After opening lower, shares of Joy Global JOYG) rebounded to $36.00, up 58 cents, in morningv trading Wednesday. Joy Globak management said sales were being hurtby $96 million in cancelec orders in the second quarter, raisinhg the total value of canceled orders to $300 millio over the past three quarters. Sales were also being hurt by a slowdownn in aftermarketorder rates. Order cancellations were concentratedr in North American coppert andiron ore, U.S. Central Appalachian coal and Russiah coal.
Joy Global now believes as muchas $525 million of its remaining original equipment backlog coulcd be at risk as well. Much of that risk is due to uncertainthy with an oilsands project, Joy said. For the year to net income was $206.3 million, or $2 per share, compare d with $143.2 million, or $1.31 per share, the year Net sales were up $1.68 billion from $1.498 billion.
Sunday, February 17, 2013
Big home builders buying lots, getting ready to build - South Florida Business Journal:
adamovaichive.blogspot.com
After a housing collapse that has virtualluy halted newhome construction, nationa builders are looking for and buying lots at fire-salde prices, a signal that they are out of new home inventor and plan to start building again. LLC, , , LLC and othersa have either bought lots or are scoutinhg for lots in themetrlo market. Housing permits, which are a precursor to housing droppedto 1,447 in fourth-quarter 2008 in metrp Atlanta, from 4,728 a year according to SmartNumbers LLC, a residential real estat e research firm in Marietta. That’s down from 14,72o0 in fourth-quarter 2005, near the heighr of the housing boom.
For Centex, the purchasew of the remaining 15 developed lots in Laurel Pond off Kimbler Bridge Road in Alpharetta markas the first time in nearly a year the buildet has purchased lots inmetroo Atlanta. Centex (NYSE: CTX), which is down to single-digigt new home inventory, boughft the lots out of foreclosure from in saidBrent Landry, director of sales and marketing at Cented Homes in Atlanta, the 14th-largest home builderr according to Atlanta Business Chronicle’s 2008-2009 Book of Lists. , a real estatde research firm, reports Centex paid about $1.3 millioh for the lots. Centex is building homes on two of the LaureolPond lots, Landry said, and will build more as those homesa are sold.
D.R. Horton (NYSE: DHI), Atlanta’s third-largesft home builder, bought lots in three new subdivisionas in thepast quarter, said Andy Oxley, chiet operating manager for D.R. Horton’s Southeast Some of the lots were purchased out of others from developers at currentmarker rates, he said. Ryland Homes (NYSE: RYL) is scoutinf the market for deals, said Chuck Fuhr, Ryland’s Atlantza division president. Parent company The Ryland Group Inc. and L.P., with $55 billiomn in assets, recently formed a join venture company to acquirs and develop residential realestate projects.
The venture will primarilh buy lotsor land, Fuhr said, and some of the funds will be used for property in Atlanta, but none has been purchased yet. Before the national builders got back in the lots that were acquired by lenders via foreclosure were beinyg purchased mostlyby so-called “vulturd funds,” investors who acquired the land dirt cheapp with the idea of holding it untilo demand returned. National builders are actually startingh to beat out some of the vulturwe funds foravailable lots, said John Hunt of because the builders, which stoppes production early on in the downturn, have eate up their existing inventory, and need to startt new projects.
National buildersw can offer more for lots in good areas becauswe they intend to build onthem now, Hunt “I think this year is where we will see a lot of that goiny on,” Hunt said. “Builders are comingg back on the market lookinbg forgood deals. The sellers of lots used to be Now it is all PulteHomes (NYSE: PHM), Atlanta’s second-largest home just put some townhouse lots under contract on Clairmongt Road near that were priced at $150,0000 per lot, but Pulte is expectecd to buy them for $55,000 each out of Hunt said.
Traton Homes LLC last year bought 28 lots in the Rosemontg subdivision in CobbCounty “from a bank for a fraction of original price,” the company Homes at Rosemont were originallg scheduled to be priced from the $500,000s, and now Traton the area’s 24th-largest home builder, will build homex starting in the low to the company said. Centex plans to builxd homes in Laurel Pond that are pricedfrom $320,000 to $400,000, Landry said.
Some homes stilk for sale at Laurek Pond are priced from thehigh $300,000s to low
After a housing collapse that has virtualluy halted newhome construction, nationa builders are looking for and buying lots at fire-salde prices, a signal that they are out of new home inventor and plan to start building again. LLC, , , LLC and othersa have either bought lots or are scoutinhg for lots in themetrlo market. Housing permits, which are a precursor to housing droppedto 1,447 in fourth-quarter 2008 in metrp Atlanta, from 4,728 a year according to SmartNumbers LLC, a residential real estat e research firm in Marietta. That’s down from 14,72o0 in fourth-quarter 2005, near the heighr of the housing boom.
For Centex, the purchasew of the remaining 15 developed lots in Laurel Pond off Kimbler Bridge Road in Alpharetta markas the first time in nearly a year the buildet has purchased lots inmetroo Atlanta. Centex (NYSE: CTX), which is down to single-digigt new home inventory, boughft the lots out of foreclosure from in saidBrent Landry, director of sales and marketing at Cented Homes in Atlanta, the 14th-largest home builderr according to Atlanta Business Chronicle’s 2008-2009 Book of Lists. , a real estatde research firm, reports Centex paid about $1.3 millioh for the lots. Centex is building homes on two of the LaureolPond lots, Landry said, and will build more as those homesa are sold.
D.R. Horton (NYSE: DHI), Atlanta’s third-largesft home builder, bought lots in three new subdivisionas in thepast quarter, said Andy Oxley, chiet operating manager for D.R. Horton’s Southeast Some of the lots were purchased out of others from developers at currentmarker rates, he said. Ryland Homes (NYSE: RYL) is scoutinf the market for deals, said Chuck Fuhr, Ryland’s Atlantza division president. Parent company The Ryland Group Inc. and L.P., with $55 billiomn in assets, recently formed a join venture company to acquirs and develop residential realestate projects.
The venture will primarilh buy lotsor land, Fuhr said, and some of the funds will be used for property in Atlanta, but none has been purchased yet. Before the national builders got back in the lots that were acquired by lenders via foreclosure were beinyg purchased mostlyby so-called “vulturd funds,” investors who acquired the land dirt cheapp with the idea of holding it untilo demand returned. National builders are actually startingh to beat out some of the vulturwe funds foravailable lots, said John Hunt of because the builders, which stoppes production early on in the downturn, have eate up their existing inventory, and need to startt new projects.
National buildersw can offer more for lots in good areas becauswe they intend to build onthem now, Hunt “I think this year is where we will see a lot of that goiny on,” Hunt said. “Builders are comingg back on the market lookinbg forgood deals. The sellers of lots used to be Now it is all PulteHomes (NYSE: PHM), Atlanta’s second-largest home just put some townhouse lots under contract on Clairmongt Road near that were priced at $150,0000 per lot, but Pulte is expectecd to buy them for $55,000 each out of Hunt said.
Traton Homes LLC last year bought 28 lots in the Rosemontg subdivision in CobbCounty “from a bank for a fraction of original price,” the company Homes at Rosemont were originallg scheduled to be priced from the $500,000s, and now Traton the area’s 24th-largest home builder, will build homex starting in the low to the company said. Centex plans to builxd homes in Laurel Pond that are pricedfrom $320,000 to $400,000, Landry said.
Some homes stilk for sale at Laurek Pond are priced from thehigh $300,000s to low
Wednesday, February 6, 2013
Brunell, Boselli and burgers - Orlando Business Journal:
stockdaleiqemico1521.blogspot.com
The tour stretches across four weekends at varioud Whataburger locations throughout Northeast Florida wherd burgers will be given away from6 p.m. to 8 p.m. on Fridayw and Saturdays. The second giveaway locatiob is at 289Blanding Blvd. April 18. The tour ends at the Whataburgerd location in Yulee off State Road 200May 9. Dr. Roboto has installecd a system of lab robot s designed to improve efficiencyand safety. If the thoughtt of super-efficient lab robots roaminv the halls of Baptist makesyou relax: The machines are merelyg designed to handle chemistryu specimens.
The robots load the specimene intoa centrifuge, then transport them to analyzers to be then recap and put them in refrigerated The system uses bar code tracking to improvee efficiency and accuracy, and is an example of the increasingf use of automated systems in clinical settings. (Our apologies if the headline caused that wretched Styx song to run througjhyour head.) Mike Rolewicz pickex a good time to record a The president of On Call Staffing was playinb in the annual Stellar Foundatioj Golf Classic April 3 at St. Johns Golf and Countryu Club when his tee shot on the 13th hole arced 173 yards over water and intothe hole.
The which was confirmed by eyewitnessesfrom Stellar, earned Rolewiczx a two-year lease on a Mercedeas C class car, which was donated by Brumos Mercedesd and Mercedes of Orange Park. The annuall tournament is a fundraiser for with Stellar choosing and to be the beneficiaries of the The eventraised $50,000, with each charity getting $20,000 apiece and the remaining money allocated to locaol nonprofits that have yet to be chosen.
The Flagler College Studentds in FreeEnterprise (SIFE) team won five awards at the organization’ds regional competition in Orlando, and will go after more awardw at the national competition next month in Flagler won the national title in 2004 and came in secondr in the world in 2005. Just sevenb individual awards were given atthe competition, and Flaglefr won in the following categories: Succesds Skills — The Traveling Lunchbox, a sandwichg shop and vocational training program with the ARC of St.
Johnsd County Financial Literacy — Amaro’s Army, a monthl television feature with money-saving tips that is aire on First Coast News EnvironmentalSustainability Greennovators, a competition that challenges today’s innovators to invent or re-invenf a product or service that will help save the planef Business Ethics — Ethics Training Video for “Thids has been an incredible year for said Jessica Welch, president of the student group. “I’k incredibly proud of the whole team; memberws both new and returning really came together this year to create and implement projects that would help a diversee groupof people.
”
The tour stretches across four weekends at varioud Whataburger locations throughout Northeast Florida wherd burgers will be given away from6 p.m. to 8 p.m. on Fridayw and Saturdays. The second giveaway locatiob is at 289Blanding Blvd. April 18. The tour ends at the Whataburgerd location in Yulee off State Road 200May 9. Dr. Roboto has installecd a system of lab robot s designed to improve efficiencyand safety. If the thoughtt of super-efficient lab robots roaminv the halls of Baptist makesyou relax: The machines are merelyg designed to handle chemistryu specimens.
The robots load the specimene intoa centrifuge, then transport them to analyzers to be then recap and put them in refrigerated The system uses bar code tracking to improvee efficiency and accuracy, and is an example of the increasingf use of automated systems in clinical settings. (Our apologies if the headline caused that wretched Styx song to run througjhyour head.) Mike Rolewicz pickex a good time to record a The president of On Call Staffing was playinb in the annual Stellar Foundatioj Golf Classic April 3 at St. Johns Golf and Countryu Club when his tee shot on the 13th hole arced 173 yards over water and intothe hole.
The which was confirmed by eyewitnessesfrom Stellar, earned Rolewiczx a two-year lease on a Mercedeas C class car, which was donated by Brumos Mercedesd and Mercedes of Orange Park. The annuall tournament is a fundraiser for with Stellar choosing and to be the beneficiaries of the The eventraised $50,000, with each charity getting $20,000 apiece and the remaining money allocated to locaol nonprofits that have yet to be chosen.
The Flagler College Studentds in FreeEnterprise (SIFE) team won five awards at the organization’ds regional competition in Orlando, and will go after more awardw at the national competition next month in Flagler won the national title in 2004 and came in secondr in the world in 2005. Just sevenb individual awards were given atthe competition, and Flaglefr won in the following categories: Succesds Skills — The Traveling Lunchbox, a sandwichg shop and vocational training program with the ARC of St.
Johnsd County Financial Literacy — Amaro’s Army, a monthl television feature with money-saving tips that is aire on First Coast News EnvironmentalSustainability Greennovators, a competition that challenges today’s innovators to invent or re-invenf a product or service that will help save the planef Business Ethics — Ethics Training Video for “Thids has been an incredible year for said Jessica Welch, president of the student group. “I’k incredibly proud of the whole team; memberws both new and returning really came together this year to create and implement projects that would help a diversee groupof people.
”
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