Sunday, August 14, 2011

Down equity markets yield investors, opportunities for third Anchorage Angels fund - Business First of Louisville:

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And, he said, this mightr be one of the most promisingf periodsfor early-stage investment group such as his Anchorag Angels. Anchorage Angels recently closerd itsthird fund, Anchorage Angels III LLC, said who is managing member of the 10-year-old private investment fund. Although Chapman declined to give specifics, he describefd Anchorage Angels III as the largesft of the three funds createdsince 2000, with well over $1 milliohn raised.
Chapman said that although there are no immediate plans for anadditional series, the fund “has flexibility to increase its Tough times, but big opportunities Anchorage Angels III already has investe in six companies, which he declined to The new fund will invest across the Uniterd States, Chapman said. Anchorage typical maximum investment isabout $150,000 to limit the exposure in individual companies, he said. But it has investedd as much as $200,000 in a single compang through multiple funding rounds and as littl eas $25,000. So how hard is it to get investord to fork over perhaps hundreds of thousands of dollarws during what might be the depthw of the worst downturnsince 1929?
Tough, Chapmamn said. “It’s extremely difficult to raise money in this he said. It takes with endless meetings and Chapman said. “But we have a We have a track record of making monet in reallycrummy environments.” The 2009 investing environment is “thr opposite” of when Anchorage Angels raised its first moneyh in 2000, he said. Durinb that go-go environment, with the possibilitty of takingcompanies public, there were lots of deals, and all them were Chapman said. That is, there was so much investord money chasing deals that the termzs were not as favorablefor investors.
“What you see are very interesting tech playz at veryinteresting valuations,” he said. Valuationxs are lower, deals are plentiful and management teams are bettert andmore seasoned, he said. Another difference from past years is that moreinvestorsx — many of whom have becomed disillusioned with public-equity market s — are coming to Anchorage Angeles to learn the private-capital business. “They say, ‘k sold my business. I have cash to and I want to learn how this gameis ” Chapman said.
There’s a wealth of opportunity righrt now for entrepreneursin early-stage companies, including in healtb care and energy, said Sean O’Leary, co-founde r and CEO of Louisville-based Genscape tracke utility energy output for brokers, and it’es one of the companies in which Anchorage Angelds invested. The recession has meant that a lot of professional s havebeen “forced to think aboutt what to do with their lives, and they’red talking risks they wouldn’t ordinarily be taking,” starting new said O’Leary, who also is a current Anchoragse Angels investor.

Friday, August 12, 2011

TVA staff proposes upgrading Gallatin plant - The Tennessean

http://www.chaozation.com/content/couples-bridal-shower-games.html


TVA staff proposes upgrading Gallatin plant

The Tennessean


The TVA Board will be asked by staff on Thursday to approve completion of the Bellefonte Nuclear Power Plant as well as to upgrade pollution controls at the Gallatin coal-fired plant in Sumner County and the Allen plant in Shelby County. ...



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Tuesday, August 9, 2011

Economy Watch: FNF Construction gets highway stimulus contract - Jacksonville Business Journal:

http://www.2x2santpedor.com/2010/08/
“It is a rehabilitation project to creatse asafer roadway,” said Deena Billings, business development officer for Tempe-based FNF which is celebrating 25 years in Some areas of U.S. 491 have deteriorated creatinh a significant safety issue for thosr whouse it, she The project is a good fit for the which also has an officw in Albuquerque, according to Billings. “Pavingy projects are kind of our niche.” In addition to makinhg the roadway saferfor travelers, the $8.9 million project gives FNF Construction’x staff more opportunity for work. “We will be able to keep existinvg employees busy and perhaps hire new she said.
The bidding process for a stimulus contracft is very similar to that on any job both for the contracto r and the state department oftransportatioh involved. The New Mexicio Department of Transportation advertised the project in typicak fashion with the lowest bidder winnin gthe contract, said Megan spokeswoman for the New Mexico Department of Transportation. The federalo government does look at the projectsdin depth, however, Arrendondo added. Construction on the 14-mile which runs on the southern portion of the broke groundMay 20.
FNF Construction is hopefulp that its portion of the upgrade is completwe by the endof “We are excited to keep on going and be part of the Billings said of future jobs.

Sunday, August 7, 2011

Former Onyx boss Renton joins Affymax board - Pittsburgh Business Times:

http://stoneleaflamps.com/classic-looks-with-tiffani-style-lamps.html
Hematide is in a Phase III trial. Rentomn led Onyx for nearly 15 years, stepping down in February 2008as CEO, chairman and a member of Onyx’es board. At the company, he helped negotiate a research, development and commercializatiohn partnership with that resulted inthe anti-cancer drug Nexavar tablets, which cost about $5,000 a month in the Uniteed States and are approaching $1 billion in annual are approved in more than 80 countries to treayt kidney cancer and 70-plus countries for liver Prior to joining Onyx, Rentojn was president and COO of Chiron, which acquiref Cetus in 1991. Renton had been president of Cetuzsince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentoj also serves on the boardsof , Cepheifd and the Special Olympics of Northern

Wednesday, July 27, 2011

San Jose explores solar energy farms - Silicon Valley / San Jose Business Journal:

http://theneapolitanmastiffclubuk.com/neapolitan-mastiff-dog-breed-temperament-health-issues-grooming-and-living.html
Mayor Chuck Reed has indicated thatthe 90-acres Singleton Landfill might be a viabler option for such a site. Jeff Janssen, seniore policy advisor of intergovernmenta relations inthe mayor’s office, said other sites beingy considered include the 25-acre Story Road some small parcels in the Evergreen/Edenvale area and parcelws at the city’s Water Pollution Control Plant. “We’ve got severalo city parcels that are fairly large and some not as large that wouls be ideal locations for puttingt insolar farms,” he said.
“We’ve been lookinbg at how much energy we can generate and how much the city No timeline has been assignedx and all conversations have beenvery preliminary. City officialsz are considering what type of solar technology makes senseto install, such as a troughj or photovoltaic solar systems. They may initiallyt allow demonstration projects,where companies would use these parcelss as test beds fortheir technology. Jansse cited companies such as , , , , and others that couldf all be inthe running.
Otherd solar types he highlighted include and He said companies woulrd need to look at the sitezs and decide if their product is the best Janssen has seen preliminary estimates that San Jose would need 30 megawattws to power all its city The city has issued its firsyt solar request for proposalon Feb. 27 for 1 or 2 megawattws at two service yards where vehicles are about half the powerused there. Returning from a trip to Washingtobn D.C. where San Jose officials were engaged in economic stimuluspackage discussions, Janssen said they expectingh some of the available funds to be distributecd based on a formula.
City officials are anticipatinghabout $8 million in energy blocj grants and about $10 millio for work force training, based on the formula. Janssen said a powef purchase agreement might be a way to get project like the solar farms off the City officials have also been in conversationds with over theSingleton site. If the city producez more power thanit needs, it might be able to sell the excesss back to PG&E. PG&E was unablr to provide comment, as of press time. “We’re all on the same Janssen said. “They have goals. They need to producr more renewable energy, and they can’t produce it all It’s going to require them doinb thingslike this.

Monday, July 25, 2011

AYSO to host British soccer camp July 11-15 - Napa Valley Register

http://rieflatiscor.wordpress.com/


AYSO to host British soccer camp July 11-15

Napa Valley Register


AYSO (American Canyon Youth Soccer) 1187 has teamed up to host the week-long “British Soccer Camp” during the week of July 11-15 at AC Middle School. The camp will run Monday through Friday and each child will be coached by a member of Challenger's ...



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Saturday, July 23, 2011

Home sellers see interest, wait for buying comeback - Kansas City Business Journal:

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“Obviously, 2008 was a slow year,” said Doug Davidson, president of “Ih fact, we ended up with 7,881 sales for the year, whicgh is the fewest since 1995. So we’ve obviouslu had a significant pullback.” And that doesn’g take into consideration thatthe county’s housingb market is 27 percent larger than in 1995, he “I think we’re probably nearing the but we’re not seeing an uptur n yet,” Davidson said. Inventoryh is up in Johnson County, as well as so it takes twice as long on average to get a contracg than it did twoyears ago, said Kathu Koehler, CEO of in Leawood.
There was four to six monthsz of inventory of houses priced lessthan $300,0000 two years ago, she said. Now, there is 10 monthsw worth of inventory for thatpricw range. For the $500,000 to $750,000 range, there was six to nine months of inventorgy twoyears ago. Now, there is 32 For homes priced morethan $1.25 there was 12 months of inventory two years ago, and now therd is 65 months. “Thed homes that are selling quickly are updated homes pricedunder $250,000,” Koehler “People are snapping them up.
” Lower interest ratexs are drawing some buyers into the but many people think it has reacher rock bottom, and they want to jump in befores it gets crazy again, said Chris Collins, presideny of the . Since early January, Koehler has seen a flurry of activity. In her company had only four showings one weekendr and fivethe next. In contrast, her team had 104 showingss one January weekend and 97the next. January has seen a stirrin g of activity in the new construction as well. The interest is out there, said Matt director of communications forthe . The challenge is for consumer to regaintheir confidence. The Johnson Countyh Consumer Confidence Index wasa record-los 69.
6 in January, down from 70 in December and 114.4 in Januar y 2008, according to CERI. Derrick said that lower interestratesw haven’t translated into sales yet but that builderx have seen an upticok in traffic since the beginning of the The upper-bracket/custom market has been least affectede by the housing slump, Derrick said. The market for new housesz rangingfrom $600,000 and up is steady. The challengre is the lower and middle part ofthe “Being able to sell $250,000 to $500,000 new homesd is dependent on the people who live in $200,000 selling their homes so they can move up to that type of Derrick said.
“They are concerned about jobs and beiny able to get into therightf mortgage.” Johnson County represents 25 percent of the total market. As of Dec. 31, there were 3,874 new and resal e homes on the market inJohnson County, comparedf with 15,771 units in the nine-countuy metro area, Collins The dynamics are however. Johnson County has fallenh from being the leading location for new home constructio to middle ofthe pack, Derrick In 2001, 42 percenr of all new homes built in the metro area were in Johnson County.
Last year, that fell to 29 “For the first time since we started trackinb these numbers in themid ’70s, more homes were built nortgh of the river than in Johnson Countyg last year,” Derrick said. He cited prics as the biggest reason — the bulk of Johnsoj County’s new housing is in the $250,000 to $600,00p range, and that is not a price point most familiesdcan afford. Today more than ever, individual circumstancese affect how quickly a particularhousee sells, Collins said. The good news is that therwe is more activity and that inventories are coming but houses still need to beprices right. “Look at your market, get to know it, and act Collins said.
“This markeft has been a learning experience for me and has made me abetted agent,” Koehler said. “Good often comes out of