Tuesday, May 22, 2012
Best Buy to sell electric motorcycles, bikes - Minneapolis / St. Paul Business Journal:
The Richfield retailer is embracingthe e-bike preparing to begin selling next month an electric motorcycle made by Brammo. Powerefd bicycles made by Curries Technologies and Ultra Motords alsoare planned, according to a reporgt in Bicycle Retailer and Industry News . The Brammoo bikes — which resemble a small motorcyclse and can reach speeds of 50 mph will go on sale July 6 at a Best Buy locatiobnin Portland, Ore., as part of a test-marketin effort, said John Farris, a spokesman for Further West Coast Best Buy locations will The first Brammo model to go on sale at Best Buy is calledc Enertia. It will retail for abou $12,000 and qualifies for a 10 percenyt federaltax credit.
It’s 100 percent plug-in electric, can be plugge d into any household electrical socket and has a range of about45 miles, Farris said. Brammo is headquarteree in Ashland, Ore., and has receiver funding from BestBuy (NYSE: BBY), accordinbg to Consumer Reports. Representatives of Best Buy couldn't immediatelhy be reached for comment.
Monday, May 21, 2012
St. Louis' top private firms exhibit growing pains - St. Louis Business Journal:
percent more revenue in 2008 than they did in2007 $92.3 billion, an increase of $7.3 billioj from $85 billion a year earlier. Granted, two companies and Center Oil Co. — accounted for $5.1 or 69 percent, of the Still, that leaves 31 percent and $2.2 billioj from other companies. And in thesw economic times, all billion-dollar increasees are welcome. “Any revenue increase in 2008 is good, and if 2009 is highefr than 2008, that would be said Gerry Sparrow ofin St. “Business activity fell off a cliff in the firsgt quarterof 2009.
” Although many private companies saw revenue increase last year, the majorityg saw their profit margins shrink as a result of higher prices for commodities, especially energy, tighter crediyt and an overall pullback in all sectorss because of the troubled economy. Enterprise Rent-A-Car boostefd revenue by a whopping38 percent, to $13.1 billion, thoughj it wasn’t painless. In it shed 2,000 of its 75,000 employees. “As tough as these steps were, they have helped preservew the company’s overall strength,” said Pam president and chiefoperating officer. A big contributort to revenue was the additionof , whichj Enterprise acquired in 2007.
Center Oil also exceedexd 30 percent growth, posting $6.4 billion in revenue in 2008. High gasoline prices, especially last summer, were a huge Two companies, Barry-Wehmiller Cos. Inc. and , surpasse d $1 billion in sales for the firstf time. Barry-Wehmiller, which owns capital equipmengt manufacturers around the made its 41st and 42nd acquisitions since 1987 and boosted revenue by 25 to $1.2 billion. CIC a holding company with a dozenh subsidiaries in theenergyh industry, reported $1.12 billion, an 18 percent Terry Jansing, CIC vice presidentg and chief financial officer, said CIC has a big backlogt for refinery equipment and expects another strong year this year.
“We’re not seeing any significant he said. In addition to Enterprise Rent-A-Carf and Center Oil, 12 other companieas enjoyed revenue increases of 30 percentgor more. They are: , Bush O’Donnell, Millstond Bangert, , CSI Leasing, Purcell Tire, The , , , KCI GS Robins and . Sales were up 138 percent at Brandinvg Iron, a newcomer to the list at No. 57, primarilty because of added companies. It was formed in Augustr 2007 as a holding company for in Saugef and three othermeat companies. Brandinb Iron’s chief executive, Scott expects a more modest increaswthis year, to $315 million.
“Whemn commodities prices drop, so do ours, and beef pricees are coming down,” he said. Othert newcomers are Millstone Bangert, Roeslein Associates, , HDA, , Angelica, The Co. and NewGround. HDA, with a 14 percent revenue increaseto $211.5 was named Lowe’s exclusive category manager for books, magazines and maps. “Thes big box stores will seldom allow a single vendor to handler anentire category,” said Bob HDA’s president, chief executive and majority Even a company that serves bankws and other financial institutions managed a decent year by diversifyingv its product line.
Revenue at which designs and builds bank did decline, but only 9 percent from a recorfd $111 million in 2007. In recent it has been moving into other services needed by financiao institutions asthey consolidate, such as employee training and digital communications. “Wse diversified the company to capitalized on the turmoil inthe market,” said Kevin president and chief executive.
Saturday, May 19, 2012
Barrett-Jackson expands Vegas auction - Phoenix Business Journal:
Officials are optimistic despitethe economy. “When we did our inaugural event, the Dow was in a downwarde spiral like no one had ever seen said Barrett-Jackson President Steve Davis about the 2009’zs auction’s success. Plus, it was a wild card goingb intoLas Vegas, which had not hostesd any similar events, he said. Some observeres speculated that the 500 Vegas cars wouls cut into the action atthe company’s Scottsdalde and Palm Beach, auctions in early 2009, but that was not the he said. Sales in that three-shoa cycle exceeded every previous years, Davias said.
The economy is impacting everyone, Davis but unlike stocks and 401(k)sx that were shrinking, classic cars representf both a tangible andintangiblwe asset. Buyers got to go home with a classic car fortheir garage, he said. “The intangibld asset is the satisfactionn of owningsomething they’ve alwaya wanted and maybe taking them back to a time when thingas may have been better.” This year’s Vegass auction will run from Oct. 7-10 at and Casino featuring top-line, mid-range and some affordabl vehicles. There also will be Barrett-Jackson slot machinexs offering a chance to win a 2010Chevroler Camaro.
“Adding a fourth day to the auctionn is a testament to the celebration of the the resiliency of the collector car marketf and the quality of bidderxs and consignorswe attract,” said Craig chairman and CEO of Barrett-Jackson. “The city is so and attendance exceeded our expectationelast year. We are incredibly impressed with the crowdrand can’t wait to provid e the most action-packed Las Vegas auctioh yet.” Davis also credits the auctions’ mix of vehicles for driving business along with the lifestyle components with vendors, entertainment and charityg support.
“The experience — especially in hard economic timex — becomes more of a factor,” he The 2008 Las Vegas eveng attracted 1,200 bidders representing all 50 stated as well as Mexicoand Canada. About 650 of the prospective buyerzwere first-time participants. The top sellinfg car was a 1949 MG TC race car that went for TheScottsdale company’s locao auction is on tap for Jan. 18-24 at WestWorld. Its Palm Fla., auction will be April 1-3.
Scottsdale’x auction will be more of the same, Davis said, calling it the company’s “crown
Friday, May 18, 2012
Akeem Ayers needs to rush QB better, Titans say - NFL News
Akeem Ayers needs to rush QB better, Titans say NFL News By Brian McIntyre NFL.com By Brian McIntyre NFL.com "We need Ayers to get some sacks," Gray said. "We need Ayers to have a dominant attitude that, 'You know what? A tackle isn't going to block me. A running back isn't going to block me'. |
Wednesday, May 16, 2012
Kenny Britt has minor procedure on right knee - The Tennessean (blog)
CBSSports.com | Kenny Britt has minor procedure on right knee The Tennessean (blog) Titans wide receiver Kenny Britt had minor arthroscopic surgery on his right knee on Wednesday, a procedure General Manager Ruston Webster said should accelerate the fourth-year pro's rehabilitation process. Britt, who suffered ACL and MCL tears last ... Titans' Britt undergoes 'minor' procedure on knee Titans' Britt undergoes "minor" knee surgery Britt Undergoes Minor Knee Surgery, Still on Track for Season Opener |
Tuesday, May 15, 2012
Legislator wants Nixon to cut stimulus money for Kokam battery plant - The Business Journal of Milwaukee:
Kokam’s , to be dubbed Summitf Battery Park, would employ an estimated 900 peopld with average annual salaries of Kokam President Don Nissanka has said he hopexs to break ground before the end of the probably at a site of more than 40 acree in the vicinityof Kokam’s current 50,000-square-foot Lee’zs Summit plant. Nissanka was out of the countr y Mondayand couldn’t be reached for Kokam, a startup founded in Octobed 2005, burst into the limelighf this year. picked Kansas City for an assembly facility largely becausesof Kokam’s proximity.
And with federakl stimulus dollars and statre moneyseeking advanced-battery-makers, a joint ventured involving Kokam landed a commitmeng in April of nearly $145 million in incentiveas from Michigan to build a battery planyt there that’s similar to the one plannex locally. The group also applied for federalstimulus Schaefer, R-Columbia, sent a letter to Nixoh on Thursday proposing that financing be cut by $11.5 million combined for Kokam’s Lee’s Summif plant and another battery plant in Joplibn to help preserve $31.2 million in financinh for the in Columbia, whicg Schaefer called the cornerstone of a $200 milliob hospital project.
“Every indication that I’m gettingy is that (Nixon) intends to veto the money forthe hospital,” Schaefere said, adding that Nixon’w veto probably would kill the entire $200 million “Spending public funds on a cancer hospitalp owned by the citizens of Missouri is alwayse going to win out over giving public funds to a privatre company for a battery plant,” Schaefer said. “Nobody has told me that the lowerr amount wouldkill (Kokam’s Lee’s Summit) Nixon spokesman Scott Holste said the governort will have an announcement about the budgef bill before June 30, the end of Missouri’s fiscao year.
Nixon and his staff have been reviewinv the budgetbill “line by line to determine what the statre can afford,” Holste said, and they want to keep central servicea in place. Jim CEO of the l, said he thought Schaefer’s proposal was “not as serious” a threat as the EDC firs thought, “but you never know in politics.” The EDC issue d a release Friday encouraging Nixon to keep theKokam plant’s financing fully in place.
Sunday, May 13, 2012
MICROS Systems Beats Analyst Estimates on EPS - msnbc.com
MICROS Systems Beats Analyst Estimates on EPS msnbc.com MICROS Systems reported earnings on April 26. Here are the numbers you need to know. The 10-second takeaway For the quarter ended March 31 (Q3), MICROS Systems met expectations on revenue and beat expectations on earnings per share. |
