Business Briefs – 11/18/2005

Filed under: Business Briefs |

Pikes Peak Library District receives Bookmobile grant

The Pikes Peak Library District has received a grant of $439,863 to support Bookmobile services from the U.S. Department of Transportation as part of its Congestion Mitigation and Air Quality program.

The money will be used to replace one of the district’s Bookmobiles, outfit the retired unit for stationary life in eastern El Paso County and finance operations in the initial year of service.

Bookmobile circulation has nearly tripled during the past 15 years, approaching 200,000.

City seeks Global Advisory Committee member

The Global Advisory Committee of the mayor and City Council has an opening for one at-large member.

The committee meets on the first Tuesday of every month and works with City Council to implement the Global Strategic Plan, which emphasizes economic development through trade and foreign investment, tourism and community involvement.

No prior experience is necessary, just an interest in local and cultural affairs.

Send letters of interest and resumes by Nov. 23 to City Council, Attn: Marti Devine, P.O. Box 1575, Colorado Springs, CO 80901.

For more information, visit www.springsgov.com and click on City Council and City Management, then City Boards and Commissions, or call 385-5453.

November oil, gas lease sale nets $8.2 million

The Bureau of Land Management Colorado State Office sold 72 of 73 parcels offered at its quarterly oil and gas lease sale earlier this month.

The parcels represent about 72,428 acres of public land.

The sales earned $8.2 million in proceeds, which are divided between the state and the federal treasury.

All leases come with general requirements to protect the environment from oil and gas activities; specific stipulations also can be included, such as limits on seasons when drilling can occur and restrictions on surface occupancy by oil and gas operators.

Bear Stearns ranked first by Institutional Investor

Bear, Stearns & Co. has been ranked No. 1 by Institutional Investor in its Best Sales Rankings for 2005. Rounding out the top five are Lehman Brother, Citigroup, Merrill Lynch and Morgan Stanley.

Placing sixth through 10th were UBS, Sanford C. Bernstein & Co., Goldman, Sachs & Co., J.P. Morgan Securities and Credit Suisse First Boston.

Rankings are derived from the annual All-America Research Team survey. To determine the overall best sales force, Institutional Investor survey portfolio managers, buy-side analysts, directors of research, chief investment officers and other investment management individuals at firms that manage U.S. equities.

For more information, visit www.institutionalinvestor.com.