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A Verona company that helps keep computer systems and other critical equipment running during power surges and brief outages is being sold and it will become a whole lot bigger. JT Packard & Associates has plans to expand into Europe, to buy smaller companies here in the U.S. and in four to five years have as many as 500 employees in Verona. The purchase by PowerPlus, an Anaheim, Calif., company that primarily provides electrical service to construction sites, is scheduled to close today. The purchase means that JT Packard's growth will happen more quickly, according to its founder, Jeff Cason, who started the company in 1997 when he was 24. .
Nestled in the mountains, Prospectors Run soon realized that offering elevators was a unique and desired feature often requested by the baby boomer market. Many prospects loved the idea of living in the mountains but found that main-level bedrooms were hard to come by when dealing with vertical slopes. Additionally, they did not want the maintenance of a single-family home especially when living in the mountains. In response to this untapped market, Prospectors Run is offering private elevators in several of their floor plans with prices starting at just $285,000. Prospectors Run has currently installed elevators in 13% of their Phase I homes and confident that number will rise in Phase II. The elevator is elegantly and seamlessly incorporated into the home as the elevator doors mirror the rest of the doors in the home.
(RTTNews) - The direction of the economy has become a contentious issue. Economists are divided in their views, with a few suggesting that the economy faces the threat of a recession, while others say it is just a moderation in growth that is currently underway. That leads us to the question as to what will be the Fed's stance going forward under both scenarios. According to Wachovia Securities economist John Silvia, the Fed's greater concern now is the state of the economy. Silvia believes that the central bank will focus on avoidance of further weakness in the economy rather than attempting to lower inflation. His outlook is for no change in the Fed funds rate through the end of the year. The Home Sales data for August released last week came in above market expectations. Existing Home Sales eased 0.5% to 6.30 million units, but still bettered the consensus expectation, while New Home Sales unexpectedly climbed 4.1% to 1.050 million units.
Barry Hendler, president and CEO of Uvalde-based American Lumber, has been honored for founding one of the fastest-growing Aggie-led businesses in the world. American Lumber landed at No. 29 on the Aggie 100 list published Friday. The Aggie 100 is sponsored by the Center for New Ventures and Entrepreneurship of Texas A&M University's Mays Business School and honors the 100 fastest-growing companies owned or operated by former students of Texas A&M. Oil and gas company GEODynamics of Millsap, with two-year compound annual growth of 537 percent, topped the second annual Aggie 100 list. Hendler was a member of the Corps of Cadets and graduated from Texas A&M with a marketing degree in 1971. American Lumber was founded in 1986 and has clients in the United States, Canada, Mexico and Central and South America.
Nor was the “House of Vettii," a replica of an ancient Roman edifice now under construction in a Lawrence High School courtyard. For a couple of hours each week — and on some weekends — students are shoveling, hammering, drilling and painting their way to recreating elements of the famous home of a well-to-do resident of ancient Pompeii. Pompeii was destroyed in a volcanic eruption of Mount Vesuvius in 79 A.D. But in the late 19th century, homes such as the House of Vettii were uncovered, revealing the art and architecture of the era. The LHS courtyard project began about a year and a half ago, when the interior was painted. But more progress will come this year, including adding a small Roman-style granite pond, walkways, columns, fresco-like paintings and a stage portico for poetry recitations or small plays.
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