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Gary Rickert, Sr., 64, and Briahn Rickert, 29 of Creve Coeur, have been indictes by a federal grand jury on five felong counts ofbank fraud, three felony countse of money laundering and a forfeiture count involving personal and real property financed by the alleged the U.S. attorney’s office for Easterjn Missouri said. The Rickertz were in the real estate developmengt business under the name and sought to develop five residences in Ladue andother high-end suburbs.
In order to obtain financintg forthese developments, the Rickerts are alleged to have submittedr phony income tax returns, sales contracts and financial statements, according to the The government seeks two of the residential properties that remain in the name of the Rickerts’ a vehicle and a diamond ring purchasee with proceeds from the fraud. In all, at leastf $4.9 million dollars was lent to the Rickertd for the development of thefive properties. The five localo banks affectedare , , , and .
Monday, December 24, 2012
Sunday, December 23, 2012
Louisville Metro Council approves GE incentives - Business First of Louisville:
deeshu-tatum.blogspot.com
million in occupational tax refunds over 10 yearszfor Co., which is considering launchinv a hybrid electric water heater productio line at Louisville’s Appliance Park. The vote came on the heels of the Kentucky Economic Developmenrt FinanceAuthority board’s preliminar y approval of $10 million in tax incentives over 10 yearse for the project. It also woulfd include the addition of production lines for refrigerator and dishwasher components and the creatio n of a data center atAppliancer Park. The project would add as many as 420 jobs at the accordingto GE’s KEDFA incentive to read more about the project.
The projectr is seen as a big boost toAppliancs Park, which is home to Conn.-based GE’s Consumer & Industrial Headquarters. Appliancer Park lost $72 million last year, and the company’s appliancex division has struggled amidst increasedr foreign competition and the downturn in the residentiaklhousing market. To cut costs, GE offered voluntar y buyouts to about 100 hourly employees onMarch 1. Two days the company closed its second-shift dishwasher productionn atAppliance Park, eliminatinyg 185 jobs through a voluntaryh retirement option.
GE (NYSE: GE) currently employs 2,100 hourly and 2,000 salaried employeezs at Appliance Park, down from 23,000p at the height of the appliancee business’ success. “The metro councill saw this as a very positived thing forthe community,” said Tony spokesman for the metro council’s Democratic caucus. “The council wantse to see GE healthyt and remainin Louisville.”
million in occupational tax refunds over 10 yearszfor Co., which is considering launchinv a hybrid electric water heater productio line at Louisville’s Appliance Park. The vote came on the heels of the Kentucky Economic Developmenrt FinanceAuthority board’s preliminar y approval of $10 million in tax incentives over 10 yearse for the project. It also woulfd include the addition of production lines for refrigerator and dishwasher components and the creatio n of a data center atAppliancer Park. The project would add as many as 420 jobs at the accordingto GE’s KEDFA incentive to read more about the project.
The projectr is seen as a big boost toAppliancs Park, which is home to Conn.-based GE’s Consumer & Industrial Headquarters. Appliancer Park lost $72 million last year, and the company’s appliancex division has struggled amidst increasedr foreign competition and the downturn in the residentiaklhousing market. To cut costs, GE offered voluntar y buyouts to about 100 hourly employees onMarch 1. Two days the company closed its second-shift dishwasher productionn atAppliance Park, eliminatinyg 185 jobs through a voluntaryh retirement option.
GE (NYSE: GE) currently employs 2,100 hourly and 2,000 salaried employeezs at Appliance Park, down from 23,000p at the height of the appliancee business’ success. “The metro councill saw this as a very positived thing forthe community,” said Tony spokesman for the metro council’s Democratic caucus. “The council wantse to see GE healthyt and remainin Louisville.”
Thursday, December 20, 2012
Blue Moon's New 'Ale' Is Half Wine - Businessweek
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Blue Moon's New 'Ale' Is Half Wine Businessweek Just the idea of a beer-wine hybrid raises so many questions. OK, really, just one: Is that as disgusting as it sounds? Armed with two bottles of Blue Moon's new Vintage Ale beer-wine hybridâ€"coming soon to stores in all 50 statesâ€"two of my colleagues ... |
Tuesday, December 18, 2012
Battery manufacturer eyes Cecil plant - Jacksonville Business Journal:
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is applying for a $100 million granty through the federal stimulus package to build a facility that wouldproduce lithium-ion cells and integrate batteries for a variety of uses. “This factory of the future will help the administrationb reach its goals to stimulate the economuy by creating an estimated 800 new jobs within three years and will accelerate the market for and reduce the costsz of renewable energy technologies in the said Saft America CEO Thomas Alcids in a news The company, which employsx 4,000 worldwide, wants to manufacture batteriezs for military vehicles, aviation, smart grid support, broadband back-up powed and emerging applications, such as renewable energy storage.
Saft America’s coming to Jacksonville depende on the state allowing the city to use the federakl stimulus grant program for theproposed facility. “Wed are very supportive of Saft’s efforts to potentiallh invest millions of dollars in both capitalk and salariesin Jacksonville, particularly during this difficult economic time,” Mayor John Peyton said in a news
is applying for a $100 million granty through the federal stimulus package to build a facility that wouldproduce lithium-ion cells and integrate batteries for a variety of uses. “This factory of the future will help the administrationb reach its goals to stimulate the economuy by creating an estimated 800 new jobs within three years and will accelerate the market for and reduce the costsz of renewable energy technologies in the said Saft America CEO Thomas Alcids in a news The company, which employsx 4,000 worldwide, wants to manufacture batteriezs for military vehicles, aviation, smart grid support, broadband back-up powed and emerging applications, such as renewable energy storage.
Saft America’s coming to Jacksonville depende on the state allowing the city to use the federakl stimulus grant program for theproposed facility. “Wed are very supportive of Saft’s efforts to potentiallh invest millions of dollars in both capitalk and salariesin Jacksonville, particularly during this difficult economic time,” Mayor John Peyton said in a news
Sunday, December 16, 2012
Cleantech venture investing jumped in Q2 - Orlando Business Journal:
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Global cleantech investments totalled $1.2 billion acrosw 94 companies, a 12 percent increaser over thefirst quarter. The increase was driven by interest inalternative vehicles, which grabbecd $236 million, and advanced batteries, which received $165 Watertown, Mass., lithium ion battery maker landed a $100 million investmentg round led by Co. in April. The report’s authore say cleantech companies will continue to be buttressed by investmenta by the federal government and electric power companie to complement venturecapital “New investment tax credits are playing a major role in makint new solar thermal, solar PV, and wind projects more economicallgy viable for utilities, which are bringing their accesxs to capital to the said Scott Smith, United States leaded of Deloitte’s cleantech practice, in a statement.
Global cleantech investments totalled $1.2 billion acrosw 94 companies, a 12 percent increaser over thefirst quarter. The increase was driven by interest inalternative vehicles, which grabbecd $236 million, and advanced batteries, which received $165 Watertown, Mass., lithium ion battery maker landed a $100 million investmentg round led by Co. in April. The report’s authore say cleantech companies will continue to be buttressed by investmenta by the federal government and electric power companie to complement venturecapital “New investment tax credits are playing a major role in makint new solar thermal, solar PV, and wind projects more economicallgy viable for utilities, which are bringing their accesxs to capital to the said Scott Smith, United States leaded of Deloitte’s cleantech practice, in a statement.
Saturday, December 15, 2012
Obama outlines financial regulatory overhaul - The Business Review (Albany):
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In his speech, the president said the goal isto “restored markets in which we reward hard work and not recklessness and greed – in whichj honest, vigorous competition in the system is prized, and thoses who game the system are thwarted.” Amongg other things, the president’s plan requirea all financial firms that post a significant risk to the financiall system at large to be overseen by consolidated supervision and regulation. An 89-pagwe report by the notes thatthe “roots of the economic crisis go back decades. Years withouty a serious economic recessionn bred complacency among financial intermediaries and thereport reads.
Rather than scrap the entire system, Obama said the reforms “pinpoingt the structural weaknesses that allowed for this crisizs and to make sure that these problems are dealtg to avertfuture crises.” Increase market disciplinwe and transparency to make markets strong enough to withstand system-wide stress and the potentialo failure of one or more large financial institutions. Rebuild trust in the marketx by creating the Consumer FinancialProtectio Agency. Provide the government with the toolsd needed to manage financial crises so it is not forced to choose between bailouts and financial Raise international regulatory standards and improvesinternational coordination.
In his speech, the president said the goal isto “restored markets in which we reward hard work and not recklessness and greed – in whichj honest, vigorous competition in the system is prized, and thoses who game the system are thwarted.” Amongg other things, the president’s plan requirea all financial firms that post a significant risk to the financiall system at large to be overseen by consolidated supervision and regulation. An 89-pagwe report by the notes thatthe “roots of the economic crisis go back decades. Years withouty a serious economic recessionn bred complacency among financial intermediaries and thereport reads.
Rather than scrap the entire system, Obama said the reforms “pinpoingt the structural weaknesses that allowed for this crisizs and to make sure that these problems are dealtg to avertfuture crises.” Increase market disciplinwe and transparency to make markets strong enough to withstand system-wide stress and the potentialo failure of one or more large financial institutions. Rebuild trust in the marketx by creating the Consumer FinancialProtectio Agency. Provide the government with the toolsd needed to manage financial crises so it is not forced to choose between bailouts and financial Raise international regulatory standards and improvesinternational coordination.
Friday, December 14, 2012
Colorado wind farm to supply Tri-State power customers - Denver Business Journal:
elzeyfirekuut1795.blogspot.com
The wind farm is to be build by N.C.-based Duke Energy (NYSE: DUK), with powerf supplied to Westminster-based Tri-State under a 20-year power-purchase agreement, Duke said. Duke said it will develop the 51-megawatt Kit Carson Windpoweer Projecton 6,000 acres near Burlington under a long-term lease. The project will be the company’se first in Colorado and fourth in the The project is expected to start commercial operation by the endof 2010. The Kit Carson project will consist of 34 GEwind turbines, each capabl e of generating 1.
5 MW of electricity, Duke "We're proud to be partnering with Duke Energy on our firs t utility-scale wind power project," said Ken Anderson, Tri-Stater executive VP and general manager, said in a statement release by Duke Monday. "The project will furthee diversify ourresource mix, brinbg value to our member cooperatives, and support jobs and investment in the rurakl areas our members serve." Tri-State it would shift its focus from building more coal-firedc power plants to natural gas, renewablre energy and efficiency.
It was a major change of policufor Tri-State, which supplies wholesale powert to 18 electric-distribution cooperatives in Coloradol and 26 in Wyoming, New Mexic o and Nebraska. The utility's two-year-old resource plan had calledx for the constructionof 2,100 megawattxs of new coal-fired power plantse by 2012. Critics had blamed nonprofit Tri-Stater for not embracing alternative energy in its future theway investor-owned utility Xcel Energyy has.
Ritter supported Tri-State'as policy change, telling Tri-State's board: "You deserve a lot of credig formaking efficiency, renewables and new technology investments a high priority as you look for new and bettetr ways to provide affordabl e and reliable electricity to your rurakl customer-owners." Tri-State has said it also plans to develop a 30-megawatt, 500,000-panel solar photovoltaic power plant in northeasterm New Mexico by late 2010.
The wind farm is to be build by N.C.-based Duke Energy (NYSE: DUK), with powerf supplied to Westminster-based Tri-State under a 20-year power-purchase agreement, Duke said. Duke said it will develop the 51-megawatt Kit Carson Windpoweer Projecton 6,000 acres near Burlington under a long-term lease. The project will be the company’se first in Colorado and fourth in the The project is expected to start commercial operation by the endof 2010. The Kit Carson project will consist of 34 GEwind turbines, each capabl e of generating 1.
5 MW of electricity, Duke "We're proud to be partnering with Duke Energy on our firs t utility-scale wind power project," said Ken Anderson, Tri-Stater executive VP and general manager, said in a statement release by Duke Monday. "The project will furthee diversify ourresource mix, brinbg value to our member cooperatives, and support jobs and investment in the rurakl areas our members serve." Tri-State it would shift its focus from building more coal-firedc power plants to natural gas, renewablre energy and efficiency.
It was a major change of policufor Tri-State, which supplies wholesale powert to 18 electric-distribution cooperatives in Coloradol and 26 in Wyoming, New Mexic o and Nebraska. The utility's two-year-old resource plan had calledx for the constructionof 2,100 megawattxs of new coal-fired power plantse by 2012. Critics had blamed nonprofit Tri-Stater for not embracing alternative energy in its future theway investor-owned utility Xcel Energyy has.
Ritter supported Tri-State'as policy change, telling Tri-State's board: "You deserve a lot of credig formaking efficiency, renewables and new technology investments a high priority as you look for new and bettetr ways to provide affordabl e and reliable electricity to your rurakl customer-owners." Tri-State has said it also plans to develop a 30-megawatt, 500,000-panel solar photovoltaic power plant in northeasterm New Mexico by late 2010.
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