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Saudi Minister of Trade and Industry Dr. Hashem Yamani, announced on Saturday the establishment of the Emaar (construction) economic city public shareholding company with a caputal of 8.5 billion Saudi Riyals (USD 2.3 billion).
He said in a press release, that the capital of the Jeddah-based company is divided into 850 million shares at the nominal value of ten Saudi Riyals per share, noting that the founders of the company has subscribed by 595 million shares representing 70 percent of the company's capital.
He pointed out that the purpose of the company is to develop real estate and reclaimed lands, and other lands in the special economic zones or in others, considered for mixed use or further development.
The company's operations, cover development of infrastructure, promotion, marketing and sale of plots of land owned by the company.
MODESTO - Kaiser Permanente's new Modesto Medical Center has earned national recognition as one of the "greenest" health-care facilities in North America.
It is being hailed by environmental advocates as a national model for future hospital construction even before it is fully operational.
Stories have appeared on National Public Radio, in several construction magazines and The Wall Street Journal - owned by Dow Jones & Co., The Record's parent company.
The Discovery Channel recently filmed at the site for its "Get Fresh" program scheduled for broadcast in January. And John Fowler, health and science editor for the Bay Area's Fox affiliate, KTVU Channel 2, will air a story at 5 p.m. Tuesday on the "green" aspects of the medical center.
What they focused on was Kaiser's decision to build its first medical facility registered under the Green Guide for Health Care.
OSHA has proposed $142,150 in fines against Roads Inc. of NWF, saying the agency found violations of its safety and health standards during an the investigation of a fatal accident in Pensacola, Florida. OSHA issued to three willful citations with proposed penalties totaling $132,000, saying the company operated an excavator boom within 10 feet of an overhead power line, allowed employees to work in a trench 7 to 15 feet deep without a protective system, and placed excavated materials too close to a trench edge. OSHA issues willful citations when an employer has shown an intentional disregard of, or plain indifference to, the requirements of the Occupational Safety and Health Act and regulations. OSHA says that on the day of the accident, employees installing a new storm drainage system detected a strong gas odor.
LYNNWOOD, Wash.--(BUSINESS WIRE)--City Bank (NASDAQ:CTBK) today announced net income from continuing operations was up 74.47% from $15.66 million to $27.32 million for the nine months ended September 30, 2006 compared to the same period in 2005. In addition, assets have surpassed $1 billion for the first time in the Bank's 32 year history. All prior period results have been reclassified to show the operating results of Diligenz and Merchant Cards as discontinued operations with no effect on net income or shareholders' equity. Consolidated net income for the quarter ended September 30, 2006 was $9.90 million, an increase of $3.58 million or 56.55% compared to $6.32 million for the third quarter of 2005. The Bank's diluted net income per share from continuing operations reflects an increase of 54.10% from $.61 to $.94 compared to prior year third quarter.
The October 2006 edition of Engineering News-Record Contractors Sourcebook lists Granite Construction Company, with a Branch Office in Indio, California, as one of the Top 400 Contractors for 2005.
Granite Construction primarily bids on public works projects - where low-bid wins - a competitive process that involves some financial risk said Lee Haven, Granite Construction Company Business Development Manager, Southern California Branch.
"It's recognition that you've been able to build public works in a successful manner," Haven said of his company's national ranking. .
Two development projects, Legacy Place in Dedham and Westwood Station, stole much of the business-related headlines during the past year, and with good reason. Alone, either development would have potential to change the area's character. Combined - the sites are just a few miles apart - they could completely transform the region. Proposed at the site of the Showcase Cinemas near the intersection of routes 128 and 1, Legacy Place aims to bring more than 70 upscale shops and restaurants to the town. The joint developers, National Amusements and S.R. Wiener and Associates, have reached agreements with eateries including Legal Seafood and P.F. Chang's China Bistro. The key tenants at the site are a Whole Foods Market and a 3,200-seat National Amusements movie theater.
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