Tag Archives: TX

Many Benefits of Renting Construction Equipment

By Ervin1

If you own a business and you are taking on a project of any size, you can consider the advantages of renting construction equipment before. Certain pieces of equipment you need to decide to buy the work While the team has is ideal for larger companies in the industry who need the equipment for regular use, the purchase is not for every company, especially if requires the project team is required only for a limited time. If you’re weighing the pros and cons of purchasing more equipment, should consider the benefits of hiring you never considered and the best decision for the project you supervise them.
Purchasing Equipment is main Investment
Construction is not cheap. If you buy something from a truck crane, you can spend thousands or hundreds of thousands of dollars for the purchase of equipment. The facility may require that you take a business loan, that interest accrues and an unnecessary expense. If you buy a computer, devalue the team also, so if you are ready to sell, you never get what you pay for. If you want to avoid the need for financing, leasing may be the best option. You can set the time that you need the device, you pay only for the time necessary for the machine, and you never have to depend on your credit rating over the possibility of a project to provide complete care.
Do Not be Anxious about Repairing the Equipment
Unfortunately, the construction is not invincible. If you do not receive the device or breaking due to wear parts, the cost of repairs is an expense that was not willing to pay. You need to finish the unit to your project, but the benefits of the projects are used in part to pay for repairs. This can be avoided if you choose to purchase equipment. You do not have the equipment you, so you know when the machines are not responsible for leasing troubleshooting.
If you rent a crane, a forklift truck or the excavation team, simply call the landlord and tell them that the device must be repaired or replaced. You still have to organize the transport of the product, or call to find out what repair companies guarantee the best prices, because the load on your shoulders.
Equipment rental can be the best choice for short and long term, use both. If you are about to renew a project to improve your commercial building, or you are int. Construction of a new offer of swallowing, if the rental cost of equipment instead of buying you not only save you money in the beginning, you will save money over time and ensure that your project is non-commercial focused and prices, or to compare different devices from different manufacturers.
Mico Equipment 11331 Richmond Ave Ste. N107 , Houston, TX. 281-531-1515, Fax: 713-583-0244, Email: sales@micoequipment.com offers USA and throughout world with affordable construction equipment and tool rental. Visit our website today MicoEquipment.com for more information.

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Source: DoItYourself.com

Report: Lexus to replace GX SUV with new TX crossover

By Jeffrey N. Ross

2012 Lexus GX

Filed under:

There’s been a lot of news regarding future Lexus products recently, including spy shots of new RC coupe and NX compact crossover, and reports that a 2+2 coupe based on the LF-LC concept is heading for production. Now, Automotive News says that Japan’s #1 luxury automaker is planning to replace the fullsize, body-on-frame Lexus GX SUV with a three-row crossover called the TX.

The article says that the GX, which is based on the foreign-market Toyota Land Cruiser Prado, will get a styling update for 2014 before being phased out in 2016. In a similar move as Infiniti made with its new three-row JX/QX60, the new TX will be car-based, but details are still unknown as to whether it will be front-wheel-drive riding on the Toyota Avalon platform or rear-wheel-drive using the Lexus GS platform. Either way, this new luxury crossover could join the Lexus lineup as soon as late 2016.

Lexus to replace GX SUV with new TX crossover originally appeared on Autoblog on Wed, 31 Jul 2013 11:31:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Video: ATF Brutally Targets Conservative Gun Shop

By NewsEditor

The Bureau of Alcohol, Tobacco, and Firearms audited gun shop All Pawn in Spring, TX for 30 days! As a result, they yanked their FFL for minor clerical errors on 4473 forms. This is not standard ATF practice.

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Source: FULL ARTICLE at Western Journalism

Video: Unarmed Man Shot 16 Times Files $20 Million Suit Against DOC

By NewsEditor

An unarmed man shot 16 times by officers is now filing a $20 million claim against the King County, WA Department of Corrections.

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Source: FULL ARTICLE at Western Journalism

Emergency resources for Texas fertilizer plant explosion victims

A massive explosion at a fertilizer plant near Waco, Texas injured dozens of people and killed an unknown number of others on Wednesday. Below are emergency resources compiled by KTVT-TV and WFAA.com.

To check on injured residents admitted to Hillcrest Baptist Medical Center call (254) 202-1100

For family inquiries about patients at Scott & White call (888) 394-4947

Family inquiries about patients at Providence Health Center (254) 761-7200

The Extraco Events Center will be setting up to take donations starting tomorrow at 9:00 am. For information call (254) 776-1660

Carter Blood Care Center will accept donations beginning at 9 a.m. Thursday in Waco. Find more locations here.

First Baptist Church of Lott has room for anyone needing a place to stay. Call (254) 829-2321

American Red Cross crews from across Texas were sent to the site of an explosion at a fertilizer plant near Waco where multiple injuries have been reported. To donate blood – find a location near you.

Both Peas & Tots and Smarty Pants consignment stores in Waco are accepting clothing donations in all sizes for those in West

Evacuation Locations

– Valley Mills Nursing Home has rooms available for nursing home residents if placement is needed for any of the West Nursing home residents. Call (254) 932-6288.

– Nativity of the Blessed Virgin Mary Parish at 219 W. Magnolia Street, Penelope, TX 76676 can handle 100 families.

– Ben’s Boat Repair in Elm Mott has space avaliable for pets and a few people, 435 S. McLennan Loop, (254) 716-9593

– First Baptist Church of Lott has room for anyone needing a place to stay. Call (254) 829-2321. (KWTX News 10)

– Blair’s Cove Apts in Waco is offering housing to any resident affected by #Westexplosion 2425 S. 21 Street (254) 447-0810

– Evacuees were told to go to the Community Center in Abbott, Texas, about five miles north of West, Texas.

– Church of the Open Door will be opened for survivors. They are located off of exit 339 in Bellmead. (News Channel 25)

Home Depot in Bellmead is open all night for assistance. (News Channel 25)

– All Gholson ISD schools have been opened to be used as shelters.

Penelope High School has been opened for survivors.

– Central United Methodist Church

– Texas State Technical State College in Waco

– Latham Springs Camp and Retreat Center (254) 694-3689

– Aquilla ISD

– Alliance Auto Auction on I-35

– Sykora Family Ford in West

– Gholson Baptist Church

– La Vega Veterinary Clinic – taking in small animals for the night

– Pharmacy at HEB Store on Woodway

– Antioch Community church at 501 North 20th Street in Waco

Click here for more from KTVT-TV.

Click here for more from WFAA.com.

From: http://feeds.foxnews.com/~r/foxnews/national/~3/JZjwldL__Oo/

Motorsports: Man commits suicide at NASCAR's NRA 500 race in TX

By Jeffrey N. Ross

Filed under:

A suicide during this weekend’s NRA 500 at the Texas Motor Speedway will likely only add to the controversy behind the National Rifle Association‘s title sponsorship of the NASCAR Sprint Cup race. Kirk Franklin, 42, of Saginaw, TX, shot and killed himself in the infield of the track during late stages of the race Saturday night following an argument with other race fans.

According to a report from The Huffington Post, Franklin shot himself at 10:30 PM, and his body was found in the back seat of a pickup truck. Texas law prohibits guns at the racetrack, so it isn’t clear how or why Franklin smuggled the gun in to the track in the first place.

Man commits suicide at NASCAR’s NRA 500 race in TX originally appeared on Autoblog on Mon, 15 Apr 2013 10:33:00 EST. Please see our terms for use of feeds.

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From: http://feeds.autoblog.com/~r/weblogsinc/autoblog/~3/J65S6mj3GCc/

Google Fiber Expands to Austin, TX

According to a recent article from an ABC affiliate in Austin, TX, the city has been chosen as the next in line to receive Google Fiber. The incredibly fast broadband network – offering speeds up to 100 times faster than regular broadband – has been operational in Kansas City since 2012 and it’s likely that denizens of Austin will have similar packages available at launch, including a $70 per month gigabit plan, a $120 option that includes TV service, or a seven-year regular broadband plan after a $300 installation charge.

Continue reading…

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Source: FULL ARTICLE at IGN Tech

Shell Eco-marathon: 1959 Fiat 600 brings hypermiling history to Houston

By Sebastian Blanco

Filed under:

Long before the Fiat 500 came to the US to try and capture the public’s imagination, a Fiat 600 was cruising in the Shell Mileage Marathons (the precursor to today’s Eco-marathons) and setting records by getting over 300 miles per gallon. The little red cutie was on display at the Shell Eco-marathon Americas 2013 in Houston, TX this weekend to remind the students participating in the challenge – and the public stopping by to see what all the crazy cars were about – incredible that fuel efficiency is nothing new.

“They’d crank it, run and then kill the engine and coast. Same thing they’re doing here. They just did it with real cars back then.”

The 1959 Fiat 600 in question is currently in the hands of Ken Smith, who maintains a website on its history. For years, the car sat a junked state near the Talladega Museum before making headlines when it was discovered in 2007. “We didn’t know what it was at first,” he told AutoblogGreen, but bought it anyway and discovered that it had a fuel-saving past, running in the Wood River Mileage Marathons. Those events ended in the late 1970s, but with the Eco-marathons now back in the US, Smith thought it made sense to display the car. He also showed the car at the 2012 event in Houston.

The Fiat 600 ran at least three times in the Mileage Marathons, Smith said. It managed 173 mpg in 1967, 244 in 1968 and 304 in 1973. The car looks like a normal Fiat 600, but there were serious changes made inside.

“Basically, what they did was everything that ran off the pully at the bottom, they took off,” he said. “The alternator is gone, the water pump is gone, the radiator is gone. There’s no fan. They used electric pumps to circulate the water, and they used a small heater core as a small radiator for the air to come through, and the air would pick up the heat and help cool the water. But they didn’t run the engine that long. They’d crank it, run and then kill the engine and coast. Same thing they’re doing here. They just did it with real cars back then.”

You can read more about this year’s Shell Eco-marathon here and here.

Shell Eco-marathon: 1959 Fiat 600 brings hypermiling history to Houston originally appeared on Autoblog Green on Mon, 08 Apr 2013 18:30:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Grep the 5th and 6th position character of a word in a file

By e_mikey_2000

I am trying to find/grep the 5th and 6th position character (TX) of a word in a file. I tried to do
grep “….TX” file
The output gives me everything in the file with TX in it. I only need the output with the TX in the 5th and 6th position of the word. Any idea

Example:

test1 car CARYTXKJH 4632 car
test2 truck TRUCKKTXH 736 truck
dir655 van VANTTXMPO 23 van
test4 mini BNTVTXGFA 23 mini
bar123 bus BARUHUHFD
file2 plane FTSMAMGYU 23 plane

output file
test1 car CARYTXKJH 4632 car
dir655 van SPDLTXMPO 23 van
test4 mini BNTVTXGFA 23 mini

———- Post updated at 01:00 PM ———- Previous update was at 12:56 PM ———-

The output file should be:

test1 car CARYTXKJH 4632 car
dir655 van VANTTXMPO 23 van
test4 mini BNTVTXGFA 23 mini

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Source: FULL ARTICLE at The UNIX and Linux Forums

PAA Natural Gas Storage Declares Distribution on Limited Partner Units

By Business Wirevia The Motley Fool

Filed under:

PAA Natural Gas Storage Declares Distribution on Limited Partner Units

HOUSTON–(BUSINESS WIRE)– PAA Natural Gas Storage, L.P. (NYSE: PNG) today announced a quarterly cash distribution of $0.3575 per unit ($1.43 per unit on an annualized basis) on all of its outstanding common and Series A subordinated units. The distribution will be payable on May 15, 2013 to holders of record of such units at the close of business on May 3, 2013. This distribution is equal to the quarterly distribution paid in February 2013.

PAA Natural Gas Storage is a publicly traded master limited partnership engaged in the development, acquisition, operation and commercial management of natural gas storage facilities. The Partnership currently owns and operates three natural gas storage facilities located in Louisiana, Mississippi and Michigan. The Partnership’s general partner, as well as the majority of the Partnership’s limited partner interests, is owned by Plains All American Pipeline, L.P. (NYS: PAA) . PNG is headquartered in Houston, TX.

PAA Natural Gas Storage, L.P.
Roy I. Lamoreaux, 713-646-4222 – 800-564-3036
Director, Investor Relations

KEYWORDS:   United States  North America  Canada  Texas

INDUSTRY KEYWORDS:

The article PAA Natural Gas Storage Declares Distribution on Limited Partner Units originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Retrophin Sponsors Seventh International NBIA Disorders Association Family Conference

By Business Wirevia The Motley Fool

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Retrophin Sponsors Seventh International NBIA Disorders Association Family Conference

Overview of RE-024 for PKAN presented

NEW YORK–(BUSINESS WIRE)– Retrophin, Inc. (OTCQB: RTRX), a biotechnology company focused on the discovery and development of orphan drugs for the treatment of rare and life-threatening diseases for which there are currently no viable patient options, today announced that it sponsored the Seventh International NBIA Disorders Association Family Conference, which was held April 4-7 in San Antonio, TX.

“We are proud to have been part of this important conference that brought together patients with neurodegeneration with brain iron accumulation disorders, their families, and the medical community,” said Martin Shkreli, founder and chief executive officer of Retrophin. “It was a wonderful opportunity for us to spend time with children who have PKAN, a devastating ultra-orphan pediatric disease for which our preclinical studies of RE-024 have shown positive results. We look forward to presenting detailed findings at an upcoming scientific meeting.”

On Saturday, April 6, Suzanne Jackowski, PhD, principal investigator of the preclinical studies, presented an overview of RE-024 for PKAN. The presentation is available at www.retrophin.com.

PKAN is an inherited, progressive and fatal neurodegenerative disease. Symptoms of PKAN vary but often include ataxia, dystonia, and a general failure to thrive. Onset usually occurs before 10 years of age and typically results in premature death. While the exact incidence of PKAN is uncertain, it is estimated to affect one to three per million people worldwide. There is currently no FDA approved treatment for PKAN. 1, 2

1 National Institute of Neurological Disorders and Stroke:  http://www.ninds.nih.gov/disorders/nbia/nbia.htm

2 Genetics Home Reference: http://ghr.nlm.nih.gov/condition/pantothenate-kinase-associated-neurodegeneration  

About Retrophin

Retrophin is a biotechnology company focused on the discovery and development of orphan drugs for the treatment of rare and life-threatening diseases for which there are currently no viable patient options. The Company is currently focused on several catastrophic diseases affecting children, including Focal Segmental Glomerulosclerosis (FSGS), Pantothenate Kinase-Associated Neurodegeneration (PKAN), Duchenne Muscular Dystrophy and others. Retrophin’s lead compound, RE-021, is scheduled to begin enrollment in a potentially pivotal Phase 2 clinical trial for FSGS during the first half of 2013.

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Source: FULL ARTICLE at DailyFinance

Imagine Dragons, OneRepublic, Sara Bareilles, and More Take the Stage for Starwood Hotels &amp; Resorts'

By Business Wirevia The Motley Fool

Filed under:


Imagine Dragons, OneRepublic, Sara Bareilles,
and More Take the Stage for Starwood Hotels & Resorts’ ‘Hear the Music, See the World’ Global Series in Partnership with Live Nation Entertainment

The Exclusive World Tour of Music Performances Gives Unparalleled Access to Private Performances & Premium Concert Tickets with a Range of Today’s Most Sought after Artists at Starwood Hotels

STAMFORD, Conn.–(BUSINESS WIRE)– Starwood Preferred Guest (SPG®), the award-winning loyalty program from Starwood Hotels & Resorts Worldwide, Inc. (NYS: HOT) , in partnership with Live Nation Entertainment, Inc. (NYS: LYV) , the world’s leading live entertainment and e-commerce company, is kicking off the 2013 On Tour With SPG: Hear The Music, See The World series. For the second consecutive year, this innovative global program allows SPG members to experience intimate music performances at incredible destinations such as Barcelona, Bangkok, New York and the San Francisco Bay Area. The exciting slate of talent will include a mix of genres ranging from rock, hip-hop, electronic, pop and more.

Each of Starwood’s nine hotel brands will be featured in this year’s Hear the Music, See the World. Confirmed performances include:

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Source: FULL ARTICLE at DailyFinance

Element     Element Dallas Fort Worth Airport North

Dallas, TX, USA

    May 18, 2013    

TX looks at Hispanic history

By hnn

CORPUS CHRISTI, Texas — For most residents from bigger Texas cities, the South Texas city of Corpus Christi has always been a day-trip destination for a quick beach getaway. But often overlooked are the coastal city’s deep roots in Mexican-American history, some of it wrapped up in the civil rights movement.

And while Corpus Christi doesn’t have a huge number of museums or landmarks connected to Latino history, visitors can find plenty of interesting things to see, from an exhibit about a physician and civil rights leader to a statue of the late Tejano star Selena….

Source:
WaPo

Source URL:
http://www.washingtonpost.com/lifestyle/travel/from-civil-rights-to-selena-corpus-christi-texas-offers-a-look-at-mexican-american-history/2013/04/03/05783ace-9c80-11e2-9219-51eb8387e8f1_story.html

Date:
4-3-13

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Source: FULL ARTICLE at History News Network – George Mason University

Rosetta Stone Continues Migration to the Cloud, Exits Remaining U.S. Kiosks

By Business Wirevia The Motley Fool

Filed under:

Rosetta Stone Continues Migration to the Cloud, Exits Remaining U.S. Kiosks

Language-Learning Company to Discontinue Low-Margin Operation

ARLINGTON, Va.–(BUSINESS WIRE)– Rosetta Stone (NYS: RST) announced today that it will close all 56 of its remaining kiosk locations in the U.S. as it accelerates a transition to cloud-based learning solutions. As part of the move, the company will reduce its headcount by approximately 45 full-time and 200 part-time employees. Over the past 18 months, Rosetta Stone has been intensifying its focus on online sales and digital downloads, and the discontinuation of its kiosks—located predominantly in malls and airports—advances its cloud-based business strategy.

“This is another step in the transformation of Rosetta Stone,” said President and Chief Executive Officer Steve Swad. “Not long ago, kiosks played a critical role in building our brand and distributing our products. But today, learners expect us to come to them via the cloud, and that’s what we’re doing. By meeting customers where they are, we are pursuing our vision of a world where anyone—anywhere, anytime—can learn using Rosetta Stone.”

The kiosk channel closure follows on the heels of Rosetta Stone‘s April 2 acquisition of Seattle-based Livemocha, which brings with it one of the world’s largest online language-learning communities and a powerful, scalable technology platform. In March, the company opened new offices in Austin, TX and San Francisco, CA—two of the country’s most prominent recruiting pools for high-tech employees—to reinvigorate its product development organization. Taken together, these actions signal that Rosetta Stone is leaning into the explosive growth of cloud-based learning.

Rosetta Stone‘s kiosks had come to represent a shrinking portion of the company’s overall sales mix, especially as their revenue contribution was eclipsed in 2012 by growth from the web channel and the rising popularity of digital downloads. The company has closed over 100 kiosks since 2011, and by exiting its remaining locations, it sheds a low-margin channel and positions itself to invest in more profitable channels going forward.

“This is the right move for Rosetta Stone,” said Swad, “and it sets us up for long-term growth. Certainly it’s difficult to let go of sales associates who have represented our brand well over the years. But this is part of a larger strategy for Rosetta Stone, and it makes us a more nimble and innovative cloud-based learning company.”

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Source: FULL ARTICLE at DailyFinance

Oceaneering Intl. Announces First Quarter 2013 Earnings Release and Conference Call Dates

By Business Wirevia The Motley Fool

Filed under:

Oceaneering Intl. Announces First Quarter 2013 Earnings Release and Conference Call Dates

HOUSTON–(BUSINESS WIRE)– Oceaneering International, Inc. (NYS: OII) announced it will release its first quarter earnings on Tuesday, April 23, 2013, after 5:00 p.m. Eastern (4:00 p.m. Central).

A conference call to discuss these results and the company’s business outlook is scheduled for Wednesday, April 24, 2013, at 11:00 a.m. Eastern (10:00 a.m. Central). This call will be webcast by Thomson Reuters and can be accessed through Oceaneering’s website at www.oceaneering.com/investor-relations/. An archived replay will be available starting one hour after the call ends.

Oceaneering is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, TX 77041; Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com; www.oceaneering.com.

Oceaneering International, Inc.
Investor Relations
Jack Jurkoshek, 713-329-4670
Jackj@oceaneering.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Oceaneering Intl. Announces First Quarter 2013 Earnings Release and Conference Call Dates originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

EXCO Resources, Inc. Schedules Earnings Release and Conference Call

By Business Wirevia The Motley Fool

Filed under:

EXCO Resources, Inc. Schedules Earnings Release and Conference Call

DALLAS–(BUSINESS WIRE)– EXCO Resources, Inc. (NYS: XCO) today announced that it will be releasing first quarter 2013 results on Tuesday, April 30, 2013, after market close.

EXCO will host a conference call on Wednesday, May 1, 2013, at 9:00 a.m. (Dallas time) to discuss the contents of this release and respond to questions. Please call (800) 309-5788 if you wish to participate, and ask for the EXCO conference call ID# 32095842. The conference call will also be webcast on EXCO‘s website at www.excoresources.com under the Investor Relations tab. Presentation materials related to this release will be posted on EXCO‘s website on Tuesday, April 30, 2013, after market close.

A digital recording will be available starting two hours after the completion of the conference call until 11:59 p.m., May 15, 2013. Please call (800) 585-8367 and enter conference call ID# 32095842 to hear the recording. A digital recording of the conference call will also be available on EXCO‘s website.

EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in East Texas, North Louisiana, Appalachia and West Texas.

Additional information about EXCO Resources, Inc. may be obtained by contacting EXCO‘s Chairman and CEO, Douglas H. Miller, or President and COO, Hal Hickey, or Executive Vice President and CFO, Mark F. Mulhern, at EXCO‘s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251, telephone number (214) 368-2084, or by visiting EXCO‘s website at www.excoresources.com. EXCO‘s SEC filings and press releases can be found under the Investor Relations tab.

EXCO Resources, Inc.
Douglas H. Miller, 214-368-2084
Chairman and CEO
or
Hal Hickey, 214-368-2084
President and COO
or
Mark F. Mulhern, 214-368-2084
Executive Vice President and CFO
www.excoresources.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article EXCO Resources, Inc. Schedules Earnings Release and Conference Call originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights …read more
Source: FULL ARTICLE at DailyFinance

A.M. Best Downgrades Issuer Credit Rating of National Lloyds Insurance Company

By Business Wirevia The Motley Fool

Filed under:

A.M. Best Downgrades Issuer Credit Rating of National Lloyds Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)– A.M. Best Co. has downgraded the issuer credit rating (ICR) to “a” from “a+” and affirmed the financial strength rating (FSR) of A (Excellent) of National Lloyds Insurance Company (National Lloyds).

Additionally, A.M. Best has affirmed the FSR of A (Excellent) and ICR of “a” of National Lloyds‘ affiliate, American Summit Insurance Company (American Summit). The outlook for all ratings is stable. All companies are domiciled in Waco, TX, unless otherwise specified.

Concurrently, A.M. Best has withdrawn the ICR of “bbb+” of Hilltop Holdings Inc. (HTH) (headquartered in Dallas, TX) (NYS: HTH) . National Lloyds and American Summit are subsidiaries of their ultimate parent, HTH.

The downgrading of National LloydsICR reflects its adverse operating results in recent years primarily due to unfavorable underwriting performance. The deterioration in National Lloyds‘ underwriting performance was driven by increased weather-related losses in recent years, especially wind and hail events that occurred in the spring of 2012 in Texas. In response, management has increased rates, tightened policy coverage and is non-renewing and de-emphasizing unprofitable products and geographical regions that are more catastrophe-prone.

These negative rating actions are partially offset by National Lloyds‘ adequate risk-adjusted capitalization, conservative investment strategy and local market expertise within its niche market of personal property insurance. In addition, National Lloyds benefits from the financial flexibility of its immediate parent holding company, NLASCO Inc., which was evidenced in 2012 by its explicit support in the form of a capital contribution to offset underwriting losses.

In future rating cycles, negative rating actions could occur if National Lloyds‘ underwriting performance continues to deteriorate and/or there is a reduction in its overall risk-adjusted capitalization.

The ratings of American Summit recognize its solid risk-adjusted capitalization, conservative investment strategy and generally favorable operating performance. Over the last five years, American Summit has reported positive net income earnings driven by net underwriting gains, favorable other income and consistent net investment gains.

These positive rating factors are partially offset by American Summit‘s limited product offerings as primarily a provider of insurance for the mobile home market. In addition, American Summit‘s overall performance is susceptible to the frequency and severity of localized storm activity as the majority of its business is produced in Arizona. This was largely evidenced in 2011, as American Summit reported a sizeable year-end underwriting loss driven by significant weather-related losses in Arizona. American Summit maintains a prudent …read more
Source: FULL ARTICLE at DailyFinance

Crimson Exploration Inc. Provides Woodbine and Buda Drilling Update

By Business Wirevia The Motley Fool

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Crimson Exploration Inc. Provides Woodbine and Buda Drilling Update

HOUSTON–(BUSINESS WIRE)– Crimson Exploration Inc. (NasdaqGM: CXPO) announced today the successful completion of the Nevill-Mosley #1H (82.0% WI), its first Woodbine oil well in the 2013 capital program, at a gross initial production rate of 1,164 Boepd, or 1,021 barrels of oil, 77 barrels of natural gas liquids and 392 mcf, on a 42/64th choke. The well was drilled to a total measured depth of 15,192 feet, including a 6,041 foot lateral, and was completed using 22 stages of fracture stimulation.

Approximately 1.7 miles east of the Nevill-Mosley, Crimson drilled the Mosley B #1H well (82.8% WI), targeting the Woodbine formation, to a total measured depth of 15,366 feet, including an approximate 6,050 foot lateral. Crimson anticipates completing the well with approximately 22 stages of fracture stimulation with first production expected towards the end of April.

The drilling rig has just moved one mile to the east of the Mosley B #1H to the Payne B #1H (83.5% WI) well. The Payne B #1H, targeting the Woodbine formation, is currently drilling at 2,300 feet toward a total measured depth of 15,740 feet, including an estimated 6,600 foot lateral.

In Dimmit County, Texas, Crimson has received the drilling rig and is preparing to spud the Beeler #2H well (50.0% WI) targeting the Buda formation. The Beeler #2H will be drilled to an approximate total measured depth of 11,180 feet, including an approximate 4,000 foot lateral, with initial production rates expected in May. This test represents Crimson’s first well targeting the Buda formation.

Allan D. Keel, President and Chief Executive Officer, commented, “The initial success of the Nevill-Mosley further validates the quality of assets Crimson holds in the Woodbine formation. Since drilling our initial well in March 2012, the Mosley #1H, Crimson has reduced completed well costs by approximately 34% equating to significant additional net present value to the Company. We plan to drill at least five additional wells in the Force area in 2013 and expect to achieve continued cost and operational efficiencies. We are also excited to begin our Buda program in South Texas, which combined with continued success in Madison and Grimes counties, will lead to an increase in shareholder value.”

Crimson Exploration is a Houston, TX-based independent energy company engaged in the exploitation, exploration, development and acquisition of crude oil and natural gas, primarily in the onshore Gulf Coast regions of the United States. The Company currently owns approximately 95,000 net acres onshore in Texas, Louisiana, Colorado and Mississippi, including approximately 19,000 …read more
Source: FULL ARTICLE at DailyFinance

American Spectrum Realty Announces Second Successful Loan Refinance in First Quarter 2013

By Business Wirevia The Motley Fool

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American Spectrum Realty Announces Second Successful Loan Refinance in First Quarter 2013

HOUSTON–(BUSINESS WIRE)– American Spectrum Realty, Inc. (NYSE MKT:AQQ), a real estate investment, management and leasing company headquartered in Houston, Texas, announced today that it has successfully negotiated a new loan for Northwest Spectrum Plaza located at 11755 West Little York in Houston, TX.

American Spectrum Realty Advisors, LLC (“ASRA“) secured a new fixed rate for the new loan of $4,500,000, which was approximately 75 percent of the appraised value. The new loan paid in full the existing loan which was set to mature in April of approximately $2,500,000. The excess funds were used for other current liabilities and working capital. Northwest Spectrum Plaza is a two building retail center containing 48,000 square feet and is currently 92% leased. Northwest Spectrum Plaza was acquired in 2007 for approximately $3.8 million.

Aggressive marketing initiatives and creative leasing strategies resulted in significantly increased occupancy, revenue growth, and NOI. These combined efforts increased the appraised value of the property significantly allowing American Spectrum to successfully negotiate a new loan on more favorable terms. The transaction closed on March 28, 2013.

This refinance is a prime example of how ASRA provides creative solutions to outperform the market and grow the value of each asset under management. Our vast experience and market insight provides a strategic, proactive, long term solution to investment challenges. ASRA offers a turn-key approach that is committed to maximizing financial performance.


About American Spectrum

American Spectrum Realty, Inc. is a real estate investment company that owns interest in office, industrial, self-storage, retail, student-housing, and multi-family properties throughout the United States. The company has been publicly traded since 2001.

American Spectrum Management Group, Inc. is a wholly-owned subsidiary of the Company that manages and leases all properties owned by American Spectrum Realty, Inc. as well as third-party clients. ASMG provides first-class management and leasing services for office, industrial, retail, self-storage, student housing, and multi-family properties, totaling over 11 million square feet in multiple states. For more information on what ASMG can do for your properties, visit www.asrmanagement.com or call 888-315-2776.

Certain matters discussed in this release are forward-looking statements that are subject to risks …read more
Source: FULL ARTICLE at DailyFinance