MyFox Atlanta | Shrewsbury USPS center fined $238000 Worcester Telegram By Elaine Thompson and Scott J. Croteau TELEGRAM & GAZETTE STAFF SHREWSBURY รข€" The US Postal Service's Central Massachusetts Processing and Distribution ... Postal Service faces safety fines for Mass. center OSHA fines Postal Service $80000 for violations in Duluth OSHA proposes $238000 in fines against USPS mail processing facility |
Thursday, December 30, 2010
Shrewsbury USPS center fined $238000 - Worcester Telegram
stockdaleiqemico1521.blogspot.com
Monday, December 27, 2010
Saturday, December 25, 2010
New Millennium breaks ground for Lake City plant - Business First of Louisville:
dyakonostrlin.blogspot.com
New Millennium produces steelk joists and decking used incommerciapl buildings. The company is a subsidiar of Indiana-based The new 252,000-square-foort facility will provide building componentsfor non-residential constructiob projects in Florida and surrounding states. The plant' s annual production capacity will beabout 70,000 tons of trusses, and girders, and about 50,000 tons of steel roof and floor decking. Steeol Dynamics' Indiana steel mills will provides most of the steel used for fabricationn anddecking material. Since beginning production in 2000, New Millenniuj has become a major building-components manufacturer, primarily in the uppere Midwest.
The opening of the Lake City planr will be one step inthe company's plan to expancd geographically. "Florida and the Lake City area offefr our company anavailable workforce, convenient location, diverswe quality of life and incentives we need to continue our rapidd growth," said Bert Hollman, president of New
New Millennium produces steelk joists and decking used incommerciapl buildings. The company is a subsidiar of Indiana-based The new 252,000-square-foort facility will provide building componentsfor non-residential constructiob projects in Florida and surrounding states. The plant' s annual production capacity will beabout 70,000 tons of trusses, and girders, and about 50,000 tons of steel roof and floor decking. Steeol Dynamics' Indiana steel mills will provides most of the steel used for fabricationn anddecking material. Since beginning production in 2000, New Millenniuj has become a major building-components manufacturer, primarily in the uppere Midwest.
The opening of the Lake City planr will be one step inthe company's plan to expancd geographically. "Florida and the Lake City area offefr our company anavailable workforce, convenient location, diverswe quality of life and incentives we need to continue our rapidd growth," said Bert Hollman, president of New
Wednesday, December 22, 2010
Unions, Paterson reach agreement to avoid mass layoffs - Birmingham Business Journal:
http://goforadventure.com/kids_adventures.html
Under the terms of the agreement reachee between Paterson andthe unions, New York will reduce the state’ws payroll by encouraging employees in specific positions to take a cash buyoutf to leave state service. The unions said the buyout offer s will be available to all employees in thetargetexd positions. Paterson had announced plan s to cutnearly 9,000 stat e workers. “This agreement is a huge win forNew York’sw taxpayers and will lead to the most significanf reform of our public pension system in Paterson said.
“This is real reform to the pension system which will substantially reduce costzs to the taxpayers of New York According tothe governor’se office, the deal will reduce the state’s workforcs by about 7,000 positions and save taxpayers aboutf $440 million over the next two years. A voluntaryh reduction in work schedule will also be The estimated savings are roughly the amount that was projectes to be saved through the proposed layoffsa that were announcedin March. “This agreement means a smaller statework force, savings for and a new pension tier that providezs long-term fiscal stability for the state,” Patersomn said.
“As I have said from the beginninv ofthis process, my overriding goal was to achievw needed savings and workforce cost while at the same time avoiding largr scale layoffs during the wors t economic downturn in a generation. This agreement achievezs those objectives in a compassionate and fiscallyyresponsible way.” A targeted, one-time $20,000 retirement incentive paymenty will be offered to approximately 4,500 employees. Incentives must be approvedd by each respective agench and the Division of the Budget and will only be provided to individuals in positionse that will bepermanentl abolished.
Additionally, approximately 2,500 funded positiones that are currently vacant will bepermanentlg abolished. The new Tier V pension tier would apply only to new Other keycomponents include: • Raisingt the minimum age at which an individualk can retire without penalty from 55 to 62, and imposer a penalty of up to 38 percent for any employees who retirse prior to age 52. • Requiring employeese to continue contributing 3 percent of their salaries towardz pension costs for their entire careers rather than ending theirt contributions after 10 yearsof service. Increasing the minimum years of service requirede to draw a pension from 5 yeara to10 years.
• Capping the amount of discretionary overtime that can be considered in the calculatioj of pension benefitsat $10,000 per year. Unionn officials said that the Patersonh administration also has pledged that it will not pursued layoffs during the nexttwo years. CSEA and PEF said they will accepgt Paterson’s proposed legislation seeking to establisyTier V, saying it “reflectsx the reality of currenyt economic conditions and the fact that it will only apply to futurd hires,” the unions said in a joint “From the start, CSEA has remained focusee on not just protecting our members but also the essentiapl services we provide to New Yorkers every said CSEA President Danny “CSEA recognizes these are extraordinary times with unprecedentedc challenges and we have tried to find ways to help withougt reopening contracts.
We believe the agreemeng worked out withthe governor’s office achievews all of these aims.” PEF Presidenyt Ken Brynien said Paterson “moved significantly from his originall demands for major contract concessionds from the state’s work [Click the video imager on the right to see the union's initiak response to Gov. Paterson's planned layoffs].
Under the terms of the agreement reachee between Paterson andthe unions, New York will reduce the state’ws payroll by encouraging employees in specific positions to take a cash buyoutf to leave state service. The unions said the buyout offer s will be available to all employees in thetargetexd positions. Paterson had announced plan s to cutnearly 9,000 stat e workers. “This agreement is a huge win forNew York’sw taxpayers and will lead to the most significanf reform of our public pension system in Paterson said.
“This is real reform to the pension system which will substantially reduce costzs to the taxpayers of New York According tothe governor’se office, the deal will reduce the state’s workforcs by about 7,000 positions and save taxpayers aboutf $440 million over the next two years. A voluntaryh reduction in work schedule will also be The estimated savings are roughly the amount that was projectes to be saved through the proposed layoffsa that were announcedin March. “This agreement means a smaller statework force, savings for and a new pension tier that providezs long-term fiscal stability for the state,” Patersomn said.
“As I have said from the beginninv ofthis process, my overriding goal was to achievw needed savings and workforce cost while at the same time avoiding largr scale layoffs during the wors t economic downturn in a generation. This agreement achievezs those objectives in a compassionate and fiscallyyresponsible way.” A targeted, one-time $20,000 retirement incentive paymenty will be offered to approximately 4,500 employees. Incentives must be approvedd by each respective agench and the Division of the Budget and will only be provided to individuals in positionse that will bepermanentl abolished.
Additionally, approximately 2,500 funded positiones that are currently vacant will bepermanentlg abolished. The new Tier V pension tier would apply only to new Other keycomponents include: • Raisingt the minimum age at which an individualk can retire without penalty from 55 to 62, and imposer a penalty of up to 38 percent for any employees who retirse prior to age 52. • Requiring employeese to continue contributing 3 percent of their salaries towardz pension costs for their entire careers rather than ending theirt contributions after 10 yearsof service. Increasing the minimum years of service requirede to draw a pension from 5 yeara to10 years.
• Capping the amount of discretionary overtime that can be considered in the calculatioj of pension benefitsat $10,000 per year. Unionn officials said that the Patersonh administration also has pledged that it will not pursued layoffs during the nexttwo years. CSEA and PEF said they will accepgt Paterson’s proposed legislation seeking to establisyTier V, saying it “reflectsx the reality of currenyt economic conditions and the fact that it will only apply to futurd hires,” the unions said in a joint “From the start, CSEA has remained focusee on not just protecting our members but also the essentiapl services we provide to New Yorkers every said CSEA President Danny “CSEA recognizes these are extraordinary times with unprecedentedc challenges and we have tried to find ways to help withougt reopening contracts.
We believe the agreemeng worked out withthe governor’s office achievews all of these aims.” PEF Presidenyt Ken Brynien said Paterson “moved significantly from his originall demands for major contract concessionds from the state’s work [Click the video imager on the right to see the union's initiak response to Gov. Paterson's planned layoffs].
Monday, December 20, 2010
Ky. video-gaming bill dies in Senate committee - The Business Journal of Milwaukee:
http://ezinearticles.com/?Choosing-the-Right-Wood-Flooring-for-Your-Home&id=5531900
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the measure, with two members according to theLexingtonb Herald-Leader. The House had previously passedthe bill. The legislatiojn would have permitted video-lottery terminals at Kentuck yhorse tracks, including Turfway Park in "The limited gaming proposal was designed to help save a signature industry in peril – an industry that mean s 100,000 jobs and $4 billion in investment for our said Gov. Steve Beshear in a Mondagy evening statement.
"It is unfortunate that everg voice on this critically importanyt issue was not heard and every vote not At a Frankfortpress conference, Turfway Park Presidenft Bob Elliston said Turfway could closde by 2010 if Ohio passes gaming legislatiohn and Kentucky does not. Ohio Gov. Ted Stricklanx recently reversed his stance against gambling at racetracks.
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the measure, with two members according to theLexingtonb Herald-Leader. The House had previously passedthe bill. The legislatiojn would have permitted video-lottery terminals at Kentuck yhorse tracks, including Turfway Park in "The limited gaming proposal was designed to help save a signature industry in peril – an industry that mean s 100,000 jobs and $4 billion in investment for our said Gov. Steve Beshear in a Mondagy evening statement.
"It is unfortunate that everg voice on this critically importanyt issue was not heard and every vote not At a Frankfortpress conference, Turfway Park Presidenft Bob Elliston said Turfway could closde by 2010 if Ohio passes gaming legislatiohn and Kentucky does not. Ohio Gov. Ted Stricklanx recently reversed his stance against gambling at racetracks.
Friday, December 17, 2010
Bakers Footwear same-store sales rise 10% in June - St. Louis Business Journal:
stolen-surrounding.blogspot.com
percent for the five-week period ended July 5, comparexd to a drop of 20.2 percent for comparable periodlast year. Same-store sales are a key measurew of retail health that highlight the comparative performancde of stores open at leastgone year. The company reported that net sales forthe five-weei June period this year grew $1.1 million, or 7.3 to $16.6 million compared to last year's period, accordingy to a release by Bakers. Bakersz said that for the nine weeks endeedJuly 5, its same-store sales grew 3 percent, comparesd to a drop of 17.6 percent in last year'x period. The company's net sales for the nine-weelk period this year increased $200,000, or 0.7 to $31.
7 million compared to the same nine-weekj period in fiscal 2007. The compang said the sales information was beinhg released prior to a series of investor meetingsthis month. Bakers Chairman and CEO Petetr Edison said in a statemenft thatthe same-store sales growtnh in June reflected strength acrosse the company's assortments with "impressive" growth in largest category of open-tore footwear. "To this point, we remain on target to achieve $10 million of reductions in planned costs for the he said. "As a result, we expect to achievde improved operating results in the second quarter and throughout the remainder of thisfiscal year.
we continue to anticipate that we will have adequatw liquidity to fund our 2008 business plan and meet our debt Bakers Footwear June 9 from the Nasdaq Stoclk Market that it has until 8 to regain compliance withthe market'ss required minimum market value of publicly held shares of $5 million for the previouas 30 consecutive trading days. St. Louis-based Bakersz Footwear Group (Nasdaq: BKRS) is a mall-based retaile of footwear and accessories operating stored under the Bakers and WildPair names.
percent for the five-week period ended July 5, comparexd to a drop of 20.2 percent for comparable periodlast year. Same-store sales are a key measurew of retail health that highlight the comparative performancde of stores open at leastgone year. The company reported that net sales forthe five-weei June period this year grew $1.1 million, or 7.3 to $16.6 million compared to last year's period, accordingy to a release by Bakers. Bakersz said that for the nine weeks endeedJuly 5, its same-store sales grew 3 percent, comparesd to a drop of 17.6 percent in last year'x period. The company's net sales for the nine-weelk period this year increased $200,000, or 0.7 to $31.
7 million compared to the same nine-weekj period in fiscal 2007. The compang said the sales information was beinhg released prior to a series of investor meetingsthis month. Bakers Chairman and CEO Petetr Edison said in a statemenft thatthe same-store sales growtnh in June reflected strength acrosse the company's assortments with "impressive" growth in largest category of open-tore footwear. "To this point, we remain on target to achieve $10 million of reductions in planned costs for the he said. "As a result, we expect to achievde improved operating results in the second quarter and throughout the remainder of thisfiscal year.
we continue to anticipate that we will have adequatw liquidity to fund our 2008 business plan and meet our debt Bakers Footwear June 9 from the Nasdaq Stoclk Market that it has until 8 to regain compliance withthe market'ss required minimum market value of publicly held shares of $5 million for the previouas 30 consecutive trading days. St. Louis-based Bakersz Footwear Group (Nasdaq: BKRS) is a mall-based retaile of footwear and accessories operating stored under the Bakers and WildPair names.
Wednesday, December 15, 2010
Planning commission rejects May Town Center zoning - Washington Business Journal:
lamoreuuceses1724.blogspot.com
The commission voted against changes to the land use plan for the BellzBend area, where the $4.3 billion development has been The commission then voted down zoning changes that wouled have allowed for a bridge to the which is being backed by the May family with Tony Giarratan a acting as lead developer. The Metro Nashviller City Council has final say on zoninbg changes and will take up the issuw in a public hearing onJuly 7. with a negative recommendation from theplanning commission, the zoninfg measure will need 27 votes from the rather than the 21 usually required.
The planninh staff had recommended approval of a zoning requestf to allowthe development, but that was contingent on the land use plan The commission then voted down the proposed zoning If approved, the complete town center will take some 22 yearxs to build. Phase 1 of the projecy would, by 2013, bring onlinde 425,000 square feet of office space, 100 residential units and 50,0090 square feet of retail, according to the developer’s By 2031, the entire May Town complex wouldx consist of 8 million square feet ofofficw space, 8,000 residential units and 600 hotekl rooms.
The commission voted against changes to the land use plan for the BellzBend area, where the $4.3 billion development has been The commission then voted down zoning changes that wouled have allowed for a bridge to the which is being backed by the May family with Tony Giarratan a acting as lead developer. The Metro Nashviller City Council has final say on zoninbg changes and will take up the issuw in a public hearing onJuly 7. with a negative recommendation from theplanning commission, the zoninfg measure will need 27 votes from the rather than the 21 usually required.
The planninh staff had recommended approval of a zoning requestf to allowthe development, but that was contingent on the land use plan The commission then voted down the proposed zoning If approved, the complete town center will take some 22 yearxs to build. Phase 1 of the projecy would, by 2013, bring onlinde 425,000 square feet of office space, 100 residential units and 50,0090 square feet of retail, according to the developer’s By 2031, the entire May Town complex wouldx consist of 8 million square feet ofofficw space, 8,000 residential units and 600 hotekl rooms.
Sunday, December 12, 2010
Friday, December 10, 2010
2009 WNY high school rankings - St. Louis Business Journal:
http://www.onthisveryspot.com/about_our_mission.php
Profiles of the top 25 schools can be reachecd by clicking on the names of thoseschools below. A breakdowhn of the rankings for each section of Western New York can be accessesby . The following abbreviations havebeen CS-Charter School, EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middle PS-Primary School, SHS-Senior High School, VHS-Vocational High School. Each school is followed by the name of the districgt that operatesit (if it’s a public school) or the districtg where it is locatee (if it’s a private • 1. • 2. • 3. • 4. • 5. 6.
• 7. • 8. 9. • 10. • 11. 12. • 13. • 14. • 15.
Profiles of the top 25 schools can be reachecd by clicking on the names of thoseschools below. A breakdowhn of the rankings for each section of Western New York can be accessesby . The following abbreviations havebeen CS-Charter School, EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middle PS-Primary School, SHS-Senior High School, VHS-Vocational High School. Each school is followed by the name of the districgt that operatesit (if it’s a public school) or the districtg where it is locatee (if it’s a private • 1. • 2. • 3. • 4. • 5. 6.
• 7. • 8. 9. • 10. • 11. 12. • 13. • 14. • 15.
Tuesday, December 7, 2010
Landrieu, SBA Administrator to Host New Orleans Small Business Outreach Conference
http://www.templateaffiliateprogram.com/affiliate-program.html
WASHINGTON, June 19 /PRNewswire-USNewswire/ -- , D-La., and U.S. Smalkl Business Administration Administrator willon Tuesday, June host a Small Business Outreach Conference in New La. The event is intendeds to assist small business owner looking to utilize federal and state small businesszassistance programs. The Committee will work with the Smal BusinessAdministration (SBA) and Louisiana Economic Developmentf (LED) to provide brief overviewws of SBA lending programs, federal contracting LED's Small and Emerging Business Development Program and otheer programs to help small businesses maintain and grow their businesseas in this tough economic Officials from the SBA, LED and Louisianwa Small Business Development Centerzs will join Sen.
Landrieu's staff, which includes Staftf Director and Chief Legal CounselDonald Cravins, Jr. , a formert State Senator from Louisiana, to discusa top concerns for entrepreneurs. The Committee held severa l similar outreach conferencesin Lafayette, Lake Charles, Shreveport and Baton Rouge and plans to hold additionakl outreach conferences in other parts of the statre in the coming months. "I am pleaseds to announce that the Senate Smalol Business Committee will host its fiftb outreach fair inNew Orleans, Sen. Landrieu said.
"We have received very positivew feedback from entrepreneurs throughout the state who have attended conferencee in other partsof Louisiana, and I am sure that theswe events are helping our small businesw owners get ahead. Small businesses are America's job creators, and I am hopefulo that our New Orleans outreach conference will help strengthe n the businesses that will returnb the nation toeconomic prosperity." Tuesday, June 30th Registrationn at 8:00 a.m. CDT; Program runs from 9:00 a.m.-11:4t a.m. Lindy C. Boggs International Conference Center 2045Lakeshore Drive, New Orleans, LA 70122 SOURCwE U.S.
Senate Committee on Smalll Business & Entrepreneurship
WASHINGTON, June 19 /PRNewswire-USNewswire/ -- , D-La., and U.S. Smalkl Business Administration Administrator willon Tuesday, June host a Small Business Outreach Conference in New La. The event is intendeds to assist small business owner looking to utilize federal and state small businesszassistance programs. The Committee will work with the Smal BusinessAdministration (SBA) and Louisiana Economic Developmentf (LED) to provide brief overviewws of SBA lending programs, federal contracting LED's Small and Emerging Business Development Program and otheer programs to help small businesses maintain and grow their businesseas in this tough economic Officials from the SBA, LED and Louisianwa Small Business Development Centerzs will join Sen.
Landrieu's staff, which includes Staftf Director and Chief Legal CounselDonald Cravins, Jr. , a formert State Senator from Louisiana, to discusa top concerns for entrepreneurs. The Committee held severa l similar outreach conferencesin Lafayette, Lake Charles, Shreveport and Baton Rouge and plans to hold additionakl outreach conferences in other parts of the statre in the coming months. "I am pleaseds to announce that the Senate Smalol Business Committee will host its fiftb outreach fair inNew Orleans, Sen. Landrieu said.
"We have received very positivew feedback from entrepreneurs throughout the state who have attended conferencee in other partsof Louisiana, and I am sure that theswe events are helping our small businesw owners get ahead. Small businesses are America's job creators, and I am hopefulo that our New Orleans outreach conference will help strengthe n the businesses that will returnb the nation toeconomic prosperity." Tuesday, June 30th Registrationn at 8:00 a.m. CDT; Program runs from 9:00 a.m.-11:4t a.m. Lindy C. Boggs International Conference Center 2045Lakeshore Drive, New Orleans, LA 70122 SOURCwE U.S.
Senate Committee on Smalll Business & Entrepreneurship
Sunday, December 5, 2010
AMC Entertainment sets deadline on debt buyback - Kansas City Business Journal:
guronelogoh.blogspot.com
In a filing with the Securitied andExchange Commission, the Kansas City-based movide theater company said that holders of $238.1 million of the notez had agreed to proposed amendments in AMC’s offer. The proposed amendments will eliminatde almost all the restrictive covenants onthe notes. AMC a previouslty announced private offeringto $600 million in senior notes due in 2019 and that it expecte d net proceeds of about $568.1 AMC previously said it would use the proceeds to buy the company’ws outstanding $250 million in senior notees due in 2012, and for othe r general corporate purposes. On May 22, AMC , compareed with a $43.
4 million profit the prior Revenue for the year that ended Aprill 2was $2.27 billion, down 2.9 percengt from $2.33 billion the prior year. AMC owns interestw in 307 theaterswith 4,612 screens in five countries. The companyy is privately held but required to report to the SEC becausd some of its debt ispubliclgy held.
In a filing with the Securitied andExchange Commission, the Kansas City-based movide theater company said that holders of $238.1 million of the notez had agreed to proposed amendments in AMC’s offer. The proposed amendments will eliminatde almost all the restrictive covenants onthe notes. AMC a previouslty announced private offeringto $600 million in senior notes due in 2019 and that it expecte d net proceeds of about $568.1 AMC previously said it would use the proceeds to buy the company’ws outstanding $250 million in senior notees due in 2012, and for othe r general corporate purposes. On May 22, AMC , compareed with a $43.
4 million profit the prior Revenue for the year that ended Aprill 2was $2.27 billion, down 2.9 percengt from $2.33 billion the prior year. AMC owns interestw in 307 theaterswith 4,612 screens in five countries. The companyy is privately held but required to report to the SEC becausd some of its debt ispubliclgy held.
Thursday, December 2, 2010
Trans World stock rebounds above $1 - Puget Sound Business Journal (Seattle):
http://alcaldialaceiba.com/departamentos/utm.html
Shares in Trans Worl d (Nasdaq: TWMC) closed June 25 at $1.17, the highest closing prics since Jan. 8. Trans World closer Friday at $1.27, up 10 or 8.5 percent. Trans based in Albany, N.Y., owns the f.y.e. (For Your chain. “I never thought I’ be happy to see it at quipped Chief Financial Officer John On Jan. 22, the stockl price fell below $1 for the firsf time since the company went publivin 1986. Shares hit a low of 52 cents durinhg the first weekof March. It took three months to climb backabove $1, hitting $1.0 4 on early June.
Trans Worldx has been struggling with declining CD saleas for several years due to the growinh use of electronic downloading for music and competitionfrom big-boc retailers. Sales have taken a further hit durinygthe recession. Trans World lost $11.8u million during the fiscal first quarteer of 2009 on salezof $191.4 million. Sales at stores open at leastya year, a critical gauge in the retailk industry, fell 9 percent. Trans World operatee 704 stores at the close of the which endedMay 2.
Edward Woo, an analysyt at in Los Angeles who trackeTrans World, speculated the company’s stocok rose along with other retailers this week becauswe of a belief among investors the economyh may be improving. Those sentiments don’t change the fundamental challenges facing Trans he said. Even with the recent the company’s stock is still trading at less than half its closinv price ayear ago, Sullivan said he had no idea why the stock has rise n lately, although he noted trading activit y was very active on June 25, with 813,10 shares exchanged. That compares with just 2,500 shares the day before. An investor bought a bloc of 750,00p0 shares on the heavy trading day.
Sullivajn said he didn’t know the identity of the however if it was a director or othedr officer in the company the information will soon be discloseds in aregulatory filing.
Shares in Trans Worl d (Nasdaq: TWMC) closed June 25 at $1.17, the highest closing prics since Jan. 8. Trans World closer Friday at $1.27, up 10 or 8.5 percent. Trans based in Albany, N.Y., owns the f.y.e. (For Your chain. “I never thought I’ be happy to see it at quipped Chief Financial Officer John On Jan. 22, the stockl price fell below $1 for the firsf time since the company went publivin 1986. Shares hit a low of 52 cents durinhg the first weekof March. It took three months to climb backabove $1, hitting $1.0 4 on early June.
Trans Worldx has been struggling with declining CD saleas for several years due to the growinh use of electronic downloading for music and competitionfrom big-boc retailers. Sales have taken a further hit durinygthe recession. Trans World lost $11.8u million during the fiscal first quarteer of 2009 on salezof $191.4 million. Sales at stores open at leastya year, a critical gauge in the retailk industry, fell 9 percent. Trans World operatee 704 stores at the close of the which endedMay 2.
Edward Woo, an analysyt at in Los Angeles who trackeTrans World, speculated the company’s stocok rose along with other retailers this week becauswe of a belief among investors the economyh may be improving. Those sentiments don’t change the fundamental challenges facing Trans he said. Even with the recent the company’s stock is still trading at less than half its closinv price ayear ago, Sullivan said he had no idea why the stock has rise n lately, although he noted trading activit y was very active on June 25, with 813,10 shares exchanged. That compares with just 2,500 shares the day before. An investor bought a bloc of 750,00p0 shares on the heavy trading day.
Sullivajn said he didn’t know the identity of the however if it was a director or othedr officer in the company the information will soon be discloseds in aregulatory filing.
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