Albuquerque Business News - Local Albuquerque News | Albuquerque Business First
Lockheed Martin earnings jump in first quarter
Lockheed Martin Corp. on Tuesday announced net earnings of $933 million for the first quarter of 2014, which was 23% higher than the $761 million it earned over the same quarter in 2013. The company saw net sales decrease year-over-year, however, from $11.07 billion in 2013 to $10.65 billion. ?The strong earnings and operating cash delivered in the first quarter are a result of our continued focus on program performance, affordability and meeting commitments to our customers,? said Chairman,?
NM railroads to focus on freight, not passengers, says new plan
On Tuesday, Senators Tom Udall and Martin Heinrich asked Congress to add funds to Amtrak?s Southwest Chief train, which runs through New Mexico. The senators wrote to the Senate Appropriations Subcommittee that the line is an important asset to New Mexico and that it needs to be preserved. ?Amtrak has announced a possible reroute of the Southwest Chief due to changing shared-use needs,? the senators wrote. ?The potential reroute has raised serious concerns among the affected communities?
Los Poblanos gets nod from Martha Stewart Living
It?s a good thing. The Los Poblanos Historic Inn & Organic Farm has been featured in the May edition of Martha Stewart Living. Marketing and public relations director Kayla Mae Herig said Gael Towey, the former chief creative officer for Martha Stewart Living Omnimedia Inc., began researching Los Poblanos months ago and was intrigued by what she found. ?The Rembe Family has worked hard to establish this warm, welcoming experience, and in the process they have built a unique and successful?
Keres Consulting lands $500,000 GSA real estate contract
Albuquerque?s Keres Consulting has secured a one-year contract to assess underused and underutilized federal properties across the country. The work, contracted for $500,000, is through the national General Services Administration?s Office of Real Property Disposal and Utilization. The Native American-owned Keres specializes in real property asset management and energy, sustainability and environmental services. ?With thousands of buildings, structures and facilities in the federal portfolio,?
Local spa ventures into second crowdfunding campaign
Spa veterans and co-owners of East Downtown?s Great Face & Body have launched what they hope will result in $100,000 of crowdfunding support. Keith & André West-Harrison acquired a historic adobe at 101 Broadway Blvd. SE in 2012 ? a 10,000-square-foot space ? after leaving a much smaller location at the Silver Lofts in Downtown. ?When we needed the money to buy the historic property, which had been vacant for nine years, we knew we couldn?t get a bank loan,? Keith West-Harrison said.?
Albuquerque-area home sales increase in Q1
The first quarter for the Albuquerque-area residential market saw increases in sales and prices, according to data released this week from the Greater Albuquerque Association of Realtors. Sales of single-family homes were up 4.21 percent compared to one year ago, making it the highest Q1 sales period since 2007. The average sale price of single-family homes was $207,080, an increase of 1.81 percent from the same period last year. Homes selling between $200,000-$249,999 were 14.6 percent of closed?
NM isn?t the only spot that?s hot for Sriracha
Huy Fong Foods? CEO David Tran says he is considering moving to Texas among other locations that may welcome his Sriracha factory, which has been called a source of air pollution because of its spicy odor. According to a Los Angeles Daily News story, Tran said he became interested in Texas after being asked to consider the move by a Texas legislator. The story said that Tran has recently been saying he?s been approached to relocate his factory by a number of officials from around the country. KOB-TV?
Challenge to state?s Pit Rule filed
The New Mexico Environmental Law Center has filed its arguments in an appeal against the 2013 amendments to the Pit Rule that regulates oil and gas operation waste pits in New Mexico. In its brief, the organization says the New Mexico Oil Conservation Commission (OCC) re-wrote the previous rule solely to increase oil and gas companies? profits. The appeal is before the State Court of Appeals. ?The OCC heard identical testimony and evidence in the Pit Rule hearings of 2008 and 2013,? Eric?
Moss Adams gives $50,000 to UNM accounting program
Moss Adams LLP has pledged $50,000 over the next five years to the University of New Mexico Anderson School of Management. The money is being directed to the Moss Adams Professorship and the school?s accounting department. The donation combines the financial support of UNM alumni at Moss Adams with a matching gift from the Moss Adams Foundation. ?This financial commitment will help ensure future students a quality educational experience, providing them a strong foundation as they embark on?
Deadline approaching for agricultural grants
The deadline to apply for federal grants aimed at helping younger farmers and ranchers is coming closer. Through the Beginning Farmer and Rancher Development Program, more than $19 million was reauthorized to assist non-governmental, community-based and school-based organizations that conduct programs to help educate and train beginning farmers and ranchers. Grant applications are due June 12. In recent years, New Mexico has had one of the highest percentages of principal farm operators over age?