DAWN.com | Petroplus Shuts 3 Refineries as Credit Freeze Halts Supplies San Francisco Chronicle Petroplus will start shutting its French Petit Couronne refinery, the Antwerp plant in Belgium and Switzerland's Cressier complex in January, the company said today in a statement. The sites have a combined processing capacity of 337300 barrels of ... Petroplus shuts 3 oil refineries as cash runs out Credit crunch prompts Petroplus to shut refineries Oil Refiners Face Alpine Descent |
Saturday, December 31, 2011
Petroplus Shuts 3 Refineries as Credit Freeze Halts Supplies - San Francisco Chronicle
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Thursday, December 29, 2011
BankAtlantic seeks foreclosure on Jupiter site - South Florida Business Journal:
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The Fort Lauderdale-based bank BBX) filed the lawsuit on May 8 in Palm Beacg County Circuit Court against Severnm Jupiter and managing members Patrick McAteet andDouglas J. Wilkins. In Severn Jupiter bought the 2-acrre property, at 1116 Love St. in Jupiter, for $10.54 million. The site is just east of A1A and withi n view ofthe city’s historicalp lighthouse. It includes 2,788 square feet of residential propertyg built in 1955 anda dock, according to countt property records. There is no record of development. Shortly after the purchase, Severn Jupiter obtained a $6.3 milliomn mortgage from BankAtlantic anda $3.7 millionn mortgage from Narberth, Pa.
-based Royal Bank In April 2008, BankAtlantic extended the maturity of the full outstandingt principal of its loan to Marchj 27. The foreclosure also names Royal Bank Wilton Manors-based attorney Richard Zaden, who representzs BankAtlantic in the did not immediately respond to a call seeking comment.
The Fort Lauderdale-based bank BBX) filed the lawsuit on May 8 in Palm Beacg County Circuit Court against Severnm Jupiter and managing members Patrick McAteet andDouglas J. Wilkins. In Severn Jupiter bought the 2-acrre property, at 1116 Love St. in Jupiter, for $10.54 million. The site is just east of A1A and withi n view ofthe city’s historicalp lighthouse. It includes 2,788 square feet of residential propertyg built in 1955 anda dock, according to countt property records. There is no record of development. Shortly after the purchase, Severn Jupiter obtained a $6.3 milliomn mortgage from BankAtlantic anda $3.7 millionn mortgage from Narberth, Pa.
-based Royal Bank In April 2008, BankAtlantic extended the maturity of the full outstandingt principal of its loan to Marchj 27. The foreclosure also names Royal Bank Wilton Manors-based attorney Richard Zaden, who representzs BankAtlantic in the did not immediately respond to a call seeking comment.
Tuesday, December 27, 2011
Price to anchor EyeOpener for WCVB-TV - Boston Business Journal:
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Price is set to start co-anchoring the EyeOpenet newscast with Bianca de la Garza on June 8. He will also contribute to breaking news storiees and major event coverage atthe Needham, Mass.-bases TV station. “Randy is the consummatew journalist — dependable, experienced, and universalluy respected. As a competitor, I have always admirefd him and am thrilled he is returning to the air as a memberf ofNewsCenter 5,” said Channel 5’s presidengt and general manager Bill Fine, in a “Randy is a great fit for WCVB and NewsCenter 5.
Adding him to our alreadyg strong team of journalists will further enhance the qualitu of news we deliver to New England Priceleft /Channel 7, Boston’s locap affiliate, earlier this There, he had been an anchor and reporter. Durin g Price’s 20-plus years in TV he has won multiple awards, including a national Edwarsd R. Murrow award for best “WCVB is the gold standard for localbroadcast news; it is such an honord for me to join the team.
I am ecstativc to become part of one of the most renowned televisioj stations inthe country, not only for news and but for community service, innovation and the abilityt to truly make a difference in people’sa lives,” said Price in a statement. Current Eye-opener anchoe David Brown will serve asa fill-in weathet anchor and reporter at the
Price is set to start co-anchoring the EyeOpenet newscast with Bianca de la Garza on June 8. He will also contribute to breaking news storiees and major event coverage atthe Needham, Mass.-bases TV station. “Randy is the consummatew journalist — dependable, experienced, and universalluy respected. As a competitor, I have always admirefd him and am thrilled he is returning to the air as a memberf ofNewsCenter 5,” said Channel 5’s presidengt and general manager Bill Fine, in a “Randy is a great fit for WCVB and NewsCenter 5.
Adding him to our alreadyg strong team of journalists will further enhance the qualitu of news we deliver to New England Priceleft /Channel 7, Boston’s locap affiliate, earlier this There, he had been an anchor and reporter. Durin g Price’s 20-plus years in TV he has won multiple awards, including a national Edwarsd R. Murrow award for best “WCVB is the gold standard for localbroadcast news; it is such an honord for me to join the team.
I am ecstativc to become part of one of the most renowned televisioj stations inthe country, not only for news and but for community service, innovation and the abilityt to truly make a difference in people’sa lives,” said Price in a statement. Current Eye-opener anchoe David Brown will serve asa fill-in weathet anchor and reporter at the
Sunday, December 25, 2011
Filene
ysynut.wordpress.com
An auction was to have begun at9 a.m. Friday, a week after the bankrupty discount retailer was sold to an affiliate of Men’s Wearhouse (NYSE:MW) in a biddinh war that lasted several hours. Limite d and formal objections tothat $67 million deal have since been filexd in Delaware bankruptcy court, prompting a judge to send the chain back for auction again. Among thosre objecting to the sale is Crown the company that was first in line tobuy Filene’s The company in a filint this week claimed the Men’ Wearhouse transaction didn’t follow bidding procedures and described the auction itself as “sa travesty.
” Crown claimed that Men’s Wearhouse originallg said it had no interest in buying Filene’sz assets through an outright sale, but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was fileds after a court deadline. The new auctionh was to have begun at9 a.m. Friday. A heariny following the auction is scheduledfor 12:30 according to court documents. Filene’s Basement soughf protection from creditors in May in Delaware bankruptcy months after closingseveral stores. Columbus-based Retail Ventures Inc. (NYSE: RVI), which maintainxs a majority stake in discount shoe retailerrDSW Inc.
(NYSE:DSW), sold the chainb this year to FB IIAcquisitioh Corp., a new entity owned by liquidatiohn and turnaround firm Buxbaum Group.
An auction was to have begun at9 a.m. Friday, a week after the bankrupty discount retailer was sold to an affiliate of Men’s Wearhouse (NYSE:MW) in a biddinh war that lasted several hours. Limite d and formal objections tothat $67 million deal have since been filexd in Delaware bankruptcy court, prompting a judge to send the chain back for auction again. Among thosre objecting to the sale is Crown the company that was first in line tobuy Filene’s The company in a filint this week claimed the Men’ Wearhouse transaction didn’t follow bidding procedures and described the auction itself as “sa travesty.
” Crown claimed that Men’s Wearhouse originallg said it had no interest in buying Filene’sz assets through an outright sale, but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was fileds after a court deadline. The new auctionh was to have begun at9 a.m. Friday. A heariny following the auction is scheduledfor 12:30 according to court documents. Filene’s Basement soughf protection from creditors in May in Delaware bankruptcy months after closingseveral stores. Columbus-based Retail Ventures Inc. (NYSE: RVI), which maintainxs a majority stake in discount shoe retailerrDSW Inc.
(NYSE:DSW), sold the chainb this year to FB IIAcquisitioh Corp., a new entity owned by liquidatiohn and turnaround firm Buxbaum Group.
Friday, December 23, 2011
Abercrombie shutting struggling Ruehl chain - Business Courier of Cincinnati:
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The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ s 29 stores and direct-to-consumer operationw and will be “substantially complete” with the effort by the end of next The decision comes a month afterf Abercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothesd and accessories. Ruehl, whose only Ohio store is at EastomTown Center, generated a pretacx operating loss of $58 million last year. The chain regularly was Abercrombie’s weakesyt sales performer at stores open at least a year. Ruehl’s same-storre sales were off 33 percentin May. Abercrombie earnedc $272.3 million on $3.
534 billion in revenue last year. “It has been a difficult decisionm toclose Ruehl, a brand we continu to believe could have been successfull in different circumstances,” CEO Michael Jeffries said in a statement. given the current economic we believe it is in the best interests of the companty to focus its efforts and resources on the growtb opportunities afforded by ourother brands, particularly internationally.
” The company didn’tr disclose the effects on the chain’sa work force, nor did it indicate the number of jobs tied to The review of Ruehl, which opened in cost the company about $51 millionb in impairment charges in its first Abercrombie expects to book about $65 milliojn in pretax charges through the rest of the fiscak year as it winds down The company Wednesday also said it amended a credit agreement to exclude some Ruehl-related charges from requirementz under its covenant with the lender and reduced its available credit to $350 million from $450 Jeffries said the company is confident is has sufficientr cash on hand but “w e believe it is prudent to make these changes” in light of the recession-battere retail environment and the one-time Ruehl costs.
In additiomn to the 29 Ruehl stores, Abercrombie runs 350 flagship stores and 733 others undethe Abercrombie, Hollister Co. and Gilly Hickd nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ s 29 stores and direct-to-consumer operationw and will be “substantially complete” with the effort by the end of next The decision comes a month afterf Abercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothesd and accessories. Ruehl, whose only Ohio store is at EastomTown Center, generated a pretacx operating loss of $58 million last year. The chain regularly was Abercrombie’s weakesyt sales performer at stores open at least a year. Ruehl’s same-storre sales were off 33 percentin May. Abercrombie earnedc $272.3 million on $3.
534 billion in revenue last year. “It has been a difficult decisionm toclose Ruehl, a brand we continu to believe could have been successfull in different circumstances,” CEO Michael Jeffries said in a statement. given the current economic we believe it is in the best interests of the companty to focus its efforts and resources on the growtb opportunities afforded by ourother brands, particularly internationally.
” The company didn’tr disclose the effects on the chain’sa work force, nor did it indicate the number of jobs tied to The review of Ruehl, which opened in cost the company about $51 millionb in impairment charges in its first Abercrombie expects to book about $65 milliojn in pretax charges through the rest of the fiscak year as it winds down The company Wednesday also said it amended a credit agreement to exclude some Ruehl-related charges from requirementz under its covenant with the lender and reduced its available credit to $350 million from $450 Jeffries said the company is confident is has sufficientr cash on hand but “w e believe it is prudent to make these changes” in light of the recession-battere retail environment and the one-time Ruehl costs.
In additiomn to the 29 Ruehl stores, Abercrombie runs 350 flagship stores and 733 others undethe Abercrombie, Hollister Co. and Gilly Hickd nameplates.
Wednesday, December 21, 2011
Peabody, Shanxi Lu
obofym.wordpress.com
The Shaxi Mine, which is under has the potential to expand to 15 million tons or more per year in line with the developmenyt of a new rail project that would serve electricith customers and other industrial users in Centrao andEastern China. In the coming the companies said they plan to conducrt a feasibility study to evaluate technical requirements for next phases of which also includes other coal reserves in the region owned by Lu’an. “China is leading the worldd in industrial growth and fuelin g its progresswith coal,” said Peabody Energy Chairman and Chieft Executive Gregory Boyce in a statement.
“Peabody has a growintg presence in Asia and seeks to partnetin world-class coal projects to fuel long-terj energy needs …” Peabody has an expanding presencs in China and is the only non-Chinese partner in a near-zero emissions power project in Tianjin. The company is pursuingv multiple partnerships in Asia that include a large surfacse mine and downstream coal conversion facilith with the government ofInner Mongolia, Chinz and other partners; and projects in which include the Peabody-Polo Resources joinf venture. China is the fastest-growing coal market in the using coal to fuel 80 percentr ofits electricity.
China is expected to nearlyg double its electricity consumptionby 2015. Lu’aj had $5 billion in revenue in 2008. Peabody Energy (NYSE: BTU) is the world’s largestg private-sector coal company, with revenure of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S. electricityh generation and 2 percent ofworldwide
The Shaxi Mine, which is under has the potential to expand to 15 million tons or more per year in line with the developmenyt of a new rail project that would serve electricith customers and other industrial users in Centrao andEastern China. In the coming the companies said they plan to conducrt a feasibility study to evaluate technical requirements for next phases of which also includes other coal reserves in the region owned by Lu’an. “China is leading the worldd in industrial growth and fuelin g its progresswith coal,” said Peabody Energy Chairman and Chieft Executive Gregory Boyce in a statement.
“Peabody has a growintg presence in Asia and seeks to partnetin world-class coal projects to fuel long-terj energy needs …” Peabody has an expanding presencs in China and is the only non-Chinese partner in a near-zero emissions power project in Tianjin. The company is pursuingv multiple partnerships in Asia that include a large surfacse mine and downstream coal conversion facilith with the government ofInner Mongolia, Chinz and other partners; and projects in which include the Peabody-Polo Resources joinf venture. China is the fastest-growing coal market in the using coal to fuel 80 percentr ofits electricity.
China is expected to nearlyg double its electricity consumptionby 2015. Lu’aj had $5 billion in revenue in 2008. Peabody Energy (NYSE: BTU) is the world’s largestg private-sector coal company, with revenure of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S. electricityh generation and 2 percent ofworldwide
Sunday, December 18, 2011
Jacob's Pillow Announces Its Summer Slate - New York Times
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Jacob's Pillow Announces Its Summer Slate New York Times Jacob's Pillow will put on a weeklong homage to the choreography of its founder, Ted Shawn, as part of an unusual and ambitious lineup for its 80th summer dance festival in Becket, Mass. The rotating cast for the series of performances of Shawn's work ... |
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