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Toyota has announced plans to close the last auto plant on the West Coast next March, prompting angry objections from the United Auto Workers, community groups and politicians throughout the state of California. The shutdown of the New United Motor Manufacturing Inc. (NUMMI) plant in Fremont, Calif., across the bay from San Francisco, marks the first time the Japanese automaker has deviated from its policy of maintaining employment...
...with the University, filed in February of 2008. The first redevelopment design proposed 12 taller buildings spread across 6.91 acres of Harvard-owned property about a half-mile away on Western Avenue at the Brighton Mills shopping center. The new plans -- proposed in July by non-profit developers Charlesview Inc. and The Community Builders -- would instead have more than double that number of low-rise buildings on 8.65 acres that include the additional land from Harvard...
Some Americans are heeding such warnings and working to transform the way the country eats - ranchers and farmers who are raising sustainable food in ways that don't bankrupt the earth. Documentaries like the scathing Food Inc. and the work of investigative journalists like Eric Schlosser and Michael Pollan are reprising Sinclair's work, awakening a sleeping public to the uncomfortable realities of how we eat. Change is also coming from the very top. First Lady Michelle Obama's White House garden has so far yielded more than 225 lb. of organic produce - and tons of powerful symbolism. But hers...
...believe that the next five years will be one of the most attractive real estate investment periods in the past 50 years," says Starwood Property Trust Inc. (STWD), an affiliate of closely-held Starwood Capital Group, in its July 29 IPO filing. The company, which is headed by real estate mogul Barry Sternlicht and went public last week, believes real estate became "significantly overpriced" in the go-go years of the past decade, and that "a significant price correction" is under...
...group, giving only lukewarm receptions to four entities that recently went public in the sector: PennyMac raised only $335 million in its IPO - less than half of the $750 million it had expected - and its stock fell below its opening price after trading began; Invesco Mortgage Capital Inc. (IVR) raised $170 million; and Cypress Sharpridge Investments (CYS) grabbed $100 million. Starwood fared better, raising $810 million - the second largest IPO this year - but its share price also slipped below its IPO price the first day. (See which businesses are bucking the recession...