Latest Business News

— Construction of the Redfish Bay Boat House is under way on Conn Brown Harbor in Aransas Pass.

Slated for completion by December, the full-service marina will offer vertical boat storage, fuel, fish cleaning stations, in-water transient slips and waterfront dining.

Mike Moore, director of marina operations, hopes to make Conn Brown Harbor and the boathouse a destination for locals and visitors.

He said on-site weekend events and reservations for slips will begin shortly.

For information, go to www.redfishbayboathouse.com or call 758-9000.

Though the couple filed for bankruptcy in their own names, most of their debts were accrued by their company, which sells blinds and shades from its Hunter Douglas Gallery showroom at 4801 South Tamiami Trail in Sarasota.

Court records show that much of the Mattsons’ financial problems stem from their purchase of 48-foot Viking yacht back in 2004. The couple borrowed $963,294 to make the purchase and later defaulted on the loan. Provident Bank claimed its collateral, selling the boat for $508,000. In June 2010, Provident sued the Mattsons to force them to pay off the difference. But the Mattsons countersued, claiming the bank rejected a $600,000 offer.

Eleven months later, as the case was proceeding to trial, the Mattsons filed for Chapter 7 protection.

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PROVIDENCE – OSHEAN, the nonprofit consortium of local organizations building a high-capacity broadband network throughout the state, is absorbing the Rhode Island Network for Education Technology.

The merger will allow the organizations to expand their member base and services. RINET will now work under the auspices of OSHEAN.

“We are committed to keeping Rhode Island and all of its citizens at the forefront of network technology and its application,” said Pam Christman of RINET in a news release on Monday. “An O

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It has now been a week since the announcement by the Australian government of sweeping plans to curb carbon emissions, with Canberra unveiling a levy on the country’s biggest polluters. The continent boasts a vast mining industry, and the news has been met with disappointment among industry groups. Some big- name miners also weighed in, agreeing with the principle of tackling climate change, but not so receptive to the idea of the planned tax on their operations.

But what about the smallerplayers? There are numerous mid- and small-cap miners acrossAustralia – one of them is Strategic Minerals, which made its market debut in London last month. <

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Coal explorer NSL Consolidated finished up a whopping 57 per cent after it announced a substantial increase in coal resources across its exploration permits in Queensland’s Eromanga Basin.

Perth-based NSL announced today that an independent geologists report established an exploration target of between 6.6 billion and 18.1 billion tonnes of thermal coal in the Winton Formation of its tenements.

The company had previously established an exploration target of between 500 million and 600 million tonnes of thermal coal across its tenements.

It said an initial exploration plan was now under review.

NSL Managing Director, Mr Cedric Goode, said that the increased exploration target at the projects was a significant first step in their potential development.

“We are delighted and excited by the initial independent geological review at the projects,” Mr Goode said.

“Clearly there is a lot of initial promise shown at the projects, and we will now move on to evaluating the best way to progress the projects with an initial exploration program, including drilling,”

“The project area is girt by a number of other highly prospective properties, including the substantial resource at the Blackall Coal deposit and very encouraging reports from US firm Sentry Petroleum.”

NSL’s stock was up 4 cents today, to 11 cents. Full Post…