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billion and assets of $82.3 The bankruptcy, filed in New lists unsecured claims bythe ($20.7 billion) and the International Union of Electronic, Electrical, Machine and Furniture Workers/Communication Workers ($2.7 billion). Other unsecuredx debt listed in the filinggincludes $22.8 billion serviced by and $4.5 billionn by . Boca Raton-based has a claim for $4.7t million, according to the petition, filed with the U.S. Bankruptcy Courtg of the Southern District ofNew York. Auto retailerzs that survive the bankruptcies of GMand Chrysler, whicj filed in April, hope it helps to pave the way to recoverhy in the industry.
“Today’s action will alloaw GM to move forward and be competitive in the spokesman Marc Cannon said Monday inan e-mailed statement. “The goal of makinv GM profitable ata 10-million, new-uniyt selling rate will position them for when the industrhy begins to recover later in 2010.” Fort Lauderdale-based the nation's largest auto retailer, has six GM franchises and seven Chrysler franchises on the automakers’ closure Although viewed as inevitable and necessary by Chairman John McEleney said in a news releasre that the filing marks “a historically sad day for American Chrysler is expected to emerge from its Chapter 11 processa soon after shuttering 789 dealerships.
GM also announced plans to close 1,100 dealerships. GM announced April 27 that it anticipates reducinggits U.S. dealer count from 6,246 to 3,605 by the end of 2010. Dealershiop closings already have started. According to Associated GM will rely on moregovernmen assistance: $30 billion of additional financial assistancr from the and $9.5 billion from Canada, on top of about $20 billion it alread y received in low-interest loans. GM’s lead bankruptcg law firm is WeilGotshaw & with attorney Stephen Karotkibn signing the filing. In a news release, the automaketr said it would focus on the following priorities when emergingfrom bankruptcy: Focus on four core branda in the U.S.
– Cadillac, Buick and GMC - with fewetr nameplates and a more competitive level of marketing supportper brand. Close a competitive gap in active labor costs compared with foreignauto makers. Increase the percentagr of U.S. sales manufactured domestically. Feature lower costs at a U.S. totall industry volume of approximately 10millionn vehicles, which would be substantially below the 15 million to 17 millionh annual vehicle sales rates recorded between 1995 and 2007.
Achieve lowerd structural costs, in part, by further reducing 2009 salaried employment in Nortyh America toapproximately 27,200, from a year-ened total of 35,100, and continue to improve its balancew sheet by reducing retiree benefit for salaried retirees and non-UAW hourlt retirees. Increase its investment in fuel economyt and advancedpropulsion technologies. Click to read the petition.
Saturday, December 31, 2011
Thursday, December 29, 2011
Most Florida banks swoon; three provide model for growth - Houston Business Journal:
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USAmeriBank went from red to black ink by signingf talented bankers who broughr customerswith them. Acquisitionds boosted the bottom line at CenterStatd Bankof Florida. A merger of related financialo institutions cut expensesat , whilse a stronger balance sheet grew income. Each bank prospere d by using different yet their strategies provide a road map for institutionxs struggling to turn their balancesheets positive. Their profit gains are all the more remarkabled given the difficult economic climate in The said 305 banks and thriftz in Florida reported a combined net lossof $643 millio for the 2009 firs t quarter, compared to net income of $4 milliob for the year-ago period.
Profitabilitty remains weak because banks continue to struggle with bad saidPaula Johannsen, managing director of , an investment banking firm in Tampa. Nonperformin assets don’t bring in interest income, pressuringg margins. The provisions banks take for expected loan losses cut furthe into their income while the legal and managemen expense related to forecloseds propertygoes up. USAmeriBank — which has amasse d $650.8 million in assets in its two years has a cleanbalance sheet, said Joe Chillura, CEO. The bank avoidesd development lending and the loana it does have that are secures by real estate arefor owner-occupier properties, Chillura said.
Only $598,000 in USAmeriBanmk loans, or about one-tenth of 1 percent of the total $528.3 million in loans, were past due as of Marcuh 31, according to a report filec withthe . a former Tampa market presidentfor ), said the bankers he’s hireds have brought their customers, a move that was possibl because bigger banks are distracted by bad loans and shrinkingy capital and aren’t focused on customer service. That’sz allowed USAmeriBank to grow more quicklythan expected, Chilluras said, and post a significanf turnaround, going from a $185,000 loss in the firstt quarter of 2008 to $881,000 in profitf in the just-ended quarter.
CenterState saw firsg quarter 2009 profit swellto $1.2 million, up 68 percentt in one year, after two acquisitions, said John president and CEO. The Winter Haven-basedf lead banking subsidiaryof CSFL) added a correspondent banking unit last fall when it hire the bankers who handled that businessd for the former . The unit sells bonds to roughly 200 othe rcommunity banks, and it is thrivinh because community banks aren’t doing as much lending as they were a year ago and are investinv their cash in bonds. CenterState also bought the faileand $178 million in deposits on Jan. 30.
“We’ve been putting that moneyt to work in loans and and that’s helped us grow,” Corbett Aggressive planning that began around the end of the firsyt quarter of 2008 kept Florida Bank on the growthh track, said Katie Pemble, president and CEO. Floridaz Bank’s $351,000 in net income for the firsf quarter of 2009 was a 73 percent increase from a year Since December, the Tampa-basec bank has merged with threew sister institutions in Sarasota, Jacksonville and Tallahassee, consolidatingy back-office operations and cutting expenses.
Each of the bankds was above the level regulatorsconsidered well-capitalized, and their capital positiom was further strengthened when they Additionally, executive officers and the board developed a series of 90-da plans focused on strengthening the balance sheeg with an emphasis on capital and on liquidity, or the abilityh to turn its assets into cash A strong balance sheet allowedf Florida Bank to look for the least expensived way to attract funding, a move that boost s net interest margin, or the spread between the interest it pays on deposits and the interest it earne from loans.
Although there are glimmers of CenterState’s Corbett expects more loan writedowns acrosd the industry in the next two tothrewe quarters. The number of institutions on the watcbh list increased in the first threde monthsof 2009, and as of Marcn 31, 30 percent of Florida’s banks were on the compared to 15 percent of the institutions a year ago. Accesse to the capital market marketsis critical, Corbetft said, adding the stress tests the nation’ s biggest banks just underwent have inspired investor confidenc in those institutions.
Since results were released May 7, the banks collectively have raisednearluy $60 billion of the $75 billion in extrz capital regulators said they need. “As investmentsd come back into thebig banks, I thinl over time you’ll see that trickle down to the mid cap and communit banks,” Corbett said.
USAmeriBank went from red to black ink by signingf talented bankers who broughr customerswith them. Acquisitionds boosted the bottom line at CenterStatd Bankof Florida. A merger of related financialo institutions cut expensesat , whilse a stronger balance sheet grew income. Each bank prospere d by using different yet their strategies provide a road map for institutionxs struggling to turn their balancesheets positive. Their profit gains are all the more remarkabled given the difficult economic climate in The said 305 banks and thriftz in Florida reported a combined net lossof $643 millio for the 2009 firs t quarter, compared to net income of $4 milliob for the year-ago period.
Profitabilitty remains weak because banks continue to struggle with bad saidPaula Johannsen, managing director of , an investment banking firm in Tampa. Nonperformin assets don’t bring in interest income, pressuringg margins. The provisions banks take for expected loan losses cut furthe into their income while the legal and managemen expense related to forecloseds propertygoes up. USAmeriBank — which has amasse d $650.8 million in assets in its two years has a cleanbalance sheet, said Joe Chillura, CEO. The bank avoidesd development lending and the loana it does have that are secures by real estate arefor owner-occupier properties, Chillura said.
Only $598,000 in USAmeriBanmk loans, or about one-tenth of 1 percent of the total $528.3 million in loans, were past due as of Marcuh 31, according to a report filec withthe . a former Tampa market presidentfor ), said the bankers he’s hireds have brought their customers, a move that was possibl because bigger banks are distracted by bad loans and shrinkingy capital and aren’t focused on customer service. That’sz allowed USAmeriBank to grow more quicklythan expected, Chilluras said, and post a significanf turnaround, going from a $185,000 loss in the firstt quarter of 2008 to $881,000 in profitf in the just-ended quarter.
CenterState saw firsg quarter 2009 profit swellto $1.2 million, up 68 percentt in one year, after two acquisitions, said John president and CEO. The Winter Haven-basedf lead banking subsidiaryof CSFL) added a correspondent banking unit last fall when it hire the bankers who handled that businessd for the former . The unit sells bonds to roughly 200 othe rcommunity banks, and it is thrivinh because community banks aren’t doing as much lending as they were a year ago and are investinv their cash in bonds. CenterState also bought the faileand $178 million in deposits on Jan. 30.
“We’ve been putting that moneyt to work in loans and and that’s helped us grow,” Corbett Aggressive planning that began around the end of the firsyt quarter of 2008 kept Florida Bank on the growthh track, said Katie Pemble, president and CEO. Floridaz Bank’s $351,000 in net income for the firsf quarter of 2009 was a 73 percent increase from a year Since December, the Tampa-basec bank has merged with threew sister institutions in Sarasota, Jacksonville and Tallahassee, consolidatingy back-office operations and cutting expenses.
Each of the bankds was above the level regulatorsconsidered well-capitalized, and their capital positiom was further strengthened when they Additionally, executive officers and the board developed a series of 90-da plans focused on strengthening the balance sheeg with an emphasis on capital and on liquidity, or the abilityh to turn its assets into cash A strong balance sheet allowedf Florida Bank to look for the least expensived way to attract funding, a move that boost s net interest margin, or the spread between the interest it pays on deposits and the interest it earne from loans.
Although there are glimmers of CenterState’s Corbett expects more loan writedowns acrosd the industry in the next two tothrewe quarters. The number of institutions on the watcbh list increased in the first threde monthsof 2009, and as of Marcn 31, 30 percent of Florida’s banks were on the compared to 15 percent of the institutions a year ago. Accesse to the capital market marketsis critical, Corbetft said, adding the stress tests the nation’ s biggest banks just underwent have inspired investor confidenc in those institutions.
Since results were released May 7, the banks collectively have raisednearluy $60 billion of the $75 billion in extrz capital regulators said they need. “As investmentsd come back into thebig banks, I thinl over time you’ll see that trickle down to the mid cap and communit banks,” Corbett said.
Monday, December 26, 2011
Wounded 'Skins Fall Prey to Lifeless Vikings - Afro American
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Afro American | Wounded 'Skins Fall Prey to Lifeless Vikings Afro American by Stephen D. Riley Minnesota Vikings wide receiver Percy Harvin (12) dives for a touchdown as Washington Redskins inside linebacker London Fletcher (59) and cornerback Josh Wilson (26) chase him into the end zone during the second half of an NFL ...
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Saturday, December 24, 2011
UGA inks blockbuster media deal - Atlanta Business Chronicle:
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million media rights and marketinh deal that puts Georgia in the upper echelon ofcollege contracts. The new deal, worthj $11.6 million annually, would be the most lucrativew annual rights agreement incollege football, according to data from Streef & Smith’s SportsBusiness Journal, a sister publicationn of Atlanta Business Chronicle. The deal tops the $11 milliohn annual deal recently reacheddwith . The total payout would rank No. 5 in the above every Southeastern Conference institution exceptythe . The deal will help Georgisa stay at amongthe .
The Bulldogxs generated the second-highest revenu e in college football and rankedf in the top 15 overal l in sports incomein 2007-2008, according to a reporr June 15 in SportsBusiness Journal. Georgia’s previous deal was wortyh between $8.2 million and $8.3 milliomn annually, according to SportsBusiness Journal. "We are extremely pleased to partnerr with ISP Sports to deliver Georgia Bulldog programminvg to the Bulldog Nation and UGA Athletics Director Damon Evans said ina statement.
"Thisw agreement will provide the infrastructure to deliver our conteng and message through various mediums that will continue to make the Universituy of Georgia a leader inintercollegiatde athletics." The deal also appears to be the largest for Winston-Salem, N.C.-based ISP, according to the SportsBusiness "We are elated to extend our relationshiop with an outstanding university and one of America's trulg elite athletic programs," said Ben Sutton, ISP chairman and CEO, in a statement.
"We have enjoyed an excellent relationship with Damon and his remarkablwe team of administrators and coaches and look forwards to an even greater partnership in the yearxsto come. We appreciate the university's confidencs in ISP and are committed to providing the Bulldog Nation with the finest in corporate marketing, sales and service.” ISP is the curreng manager of the Bulldogs’ sponsorship and marketingg rights. Under the new ISP adds radio broadcastingand coaches’ televisionj show rights. and its WSB-AM 750 affiliate previously heldthose properties.
The radil station has broadcast gamessince 1939, and held the radio networj and coaches’ show rights since 1995. In a separat deal with Cox Radio, WSB will remain the flagship station for the nexteight years. "I’m especially pleased that WSB News/Talk 750 will continue to be ourflagship station," Evans "We have a long history and traditiomn with WSB which is one of the country’as premier radio stations.
That relationship will continude providing the very best coverage for Georgiasports
million media rights and marketinh deal that puts Georgia in the upper echelon ofcollege contracts. The new deal, worthj $11.6 million annually, would be the most lucrativew annual rights agreement incollege football, according to data from Streef & Smith’s SportsBusiness Journal, a sister publicationn of Atlanta Business Chronicle. The deal tops the $11 milliohn annual deal recently reacheddwith . The total payout would rank No. 5 in the above every Southeastern Conference institution exceptythe . The deal will help Georgisa stay at amongthe .
The Bulldogxs generated the second-highest revenu e in college football and rankedf in the top 15 overal l in sports incomein 2007-2008, according to a reporr June 15 in SportsBusiness Journal. Georgia’s previous deal was wortyh between $8.2 million and $8.3 milliomn annually, according to SportsBusiness Journal. "We are extremely pleased to partnerr with ISP Sports to deliver Georgia Bulldog programminvg to the Bulldog Nation and UGA Athletics Director Damon Evans said ina statement.
"Thisw agreement will provide the infrastructure to deliver our conteng and message through various mediums that will continue to make the Universituy of Georgia a leader inintercollegiatde athletics." The deal also appears to be the largest for Winston-Salem, N.C.-based ISP, according to the SportsBusiness "We are elated to extend our relationshiop with an outstanding university and one of America's trulg elite athletic programs," said Ben Sutton, ISP chairman and CEO, in a statement.
"We have enjoyed an excellent relationship with Damon and his remarkablwe team of administrators and coaches and look forwards to an even greater partnership in the yearxsto come. We appreciate the university's confidencs in ISP and are committed to providing the Bulldog Nation with the finest in corporate marketing, sales and service.” ISP is the curreng manager of the Bulldogs’ sponsorship and marketingg rights. Under the new ISP adds radio broadcastingand coaches’ televisionj show rights. and its WSB-AM 750 affiliate previously heldthose properties.
The radil station has broadcast gamessince 1939, and held the radio networj and coaches’ show rights since 1995. In a separat deal with Cox Radio, WSB will remain the flagship station for the nexteight years. "I’m especially pleased that WSB News/Talk 750 will continue to be ourflagship station," Evans "We have a long history and traditiomn with WSB which is one of the country’as premier radio stations.
That relationship will continude providing the very best coverage for Georgiasports
Thursday, December 22, 2011
Boulders Resort getting misty on the golf course - Phoenix Business Journal:
eragywaqer.wordpress.com
"We know it can get pretty warm in Arizonaq during thesummer time," said Tom McCahan, director of golf for the There's an understatement. The mistinhg system was installed and leasefdthrough , a Tempe company. The misters are put undert the car's basket behind the seat and come equippedwith on/ofrf switches for both passenger and The tank holds over five gallonas of water, enough for at leasty 18 holes of golf. "We are excited to have such a high-calibed golf resort as The Boulders use ourmistinb systems," said Ari Peterson, president of Cool Carts.
According to depending on the temperature and relative the misters can cool the air in and around the carts by up to30 degrees. In another move to keep golfers happy, the resort distributes iced towels and has attache new ice chests to the carts tostorse drinks. Scottsdale's Southwest Jet Aviation has added thred jet aircraft to its charter bringing the total number to The company isa full-service aviation firm offering chartefr service, aircraft management, maintenance, salesw and hangar services. It's grownn from just two aircrafy ayear ago. The new planes are a Cessna Citatiojn X, Cessna Citation III and a RaytheonBeechjet 400.
The company now owns three Citation X the fastest businessjet It's also now certified to operate thesde jets in air spacees that will reduce flighrt times dramatically when traveling to Europe, Hawaiij and Japan. "We are one of only a handfuo of operators in the countryg that havethis capability," said Jeffreyg Schlueter, vice president of salezs and marketing. A new high-ene events coordination company has opened in Simply Starr is the name of the compan founded byStarr Allumbaugh, who served as corporate special events director for Nordstrom departmeny stores for six years. In that Allumbaugh oversaw the production of fashion shows andcelebritt events.
"Any business can claim superior custome service and attentionto detail," Allumbaugh "But I spent years immersed in the Nordstrom I am not satisfied with a professional assignment until I know my client is ecstatic with the end product." Simply Starr is at 17212 N. Scottsdal Road, Ste. 2397, Scottsdale. The telephones is 480-699-4527 and e-mail is (starrallumbaugh@mindspring.com). Restaurateur Sami the name behind Sammy's Californisa Woodfired Pizza in Scottsdale, is jumpin g into the hospitality industry in California with a boutiquwe property that opensthis month. And Ladeki's said he'd conside opening a similar property here.
Ladeki is renovating the historic, 20,000-square-foot Hotekl Parisi in La Jolla, and transforming it into 20 private guest suites. Construction on the $2 millionm project is slated to be completethis month. The with its slight name changeto HotelParisi, is part of a new, boutique-style hotel phenomenon, Ladeki said.
"We know it can get pretty warm in Arizonaq during thesummer time," said Tom McCahan, director of golf for the There's an understatement. The mistinhg system was installed and leasefdthrough , a Tempe company. The misters are put undert the car's basket behind the seat and come equippedwith on/ofrf switches for both passenger and The tank holds over five gallonas of water, enough for at leasty 18 holes of golf. "We are excited to have such a high-calibed golf resort as The Boulders use ourmistinb systems," said Ari Peterson, president of Cool Carts.
According to depending on the temperature and relative the misters can cool the air in and around the carts by up to30 degrees. In another move to keep golfers happy, the resort distributes iced towels and has attache new ice chests to the carts tostorse drinks. Scottsdale's Southwest Jet Aviation has added thred jet aircraft to its charter bringing the total number to The company isa full-service aviation firm offering chartefr service, aircraft management, maintenance, salesw and hangar services. It's grownn from just two aircrafy ayear ago. The new planes are a Cessna Citatiojn X, Cessna Citation III and a RaytheonBeechjet 400.
The company now owns three Citation X the fastest businessjet It's also now certified to operate thesde jets in air spacees that will reduce flighrt times dramatically when traveling to Europe, Hawaiij and Japan. "We are one of only a handfuo of operators in the countryg that havethis capability," said Jeffreyg Schlueter, vice president of salezs and marketing. A new high-ene events coordination company has opened in Simply Starr is the name of the compan founded byStarr Allumbaugh, who served as corporate special events director for Nordstrom departmeny stores for six years. In that Allumbaugh oversaw the production of fashion shows andcelebritt events.
"Any business can claim superior custome service and attentionto detail," Allumbaugh "But I spent years immersed in the Nordstrom I am not satisfied with a professional assignment until I know my client is ecstatic with the end product." Simply Starr is at 17212 N. Scottsdal Road, Ste. 2397, Scottsdale. The telephones is 480-699-4527 and e-mail is (starrallumbaugh@mindspring.com). Restaurateur Sami the name behind Sammy's Californisa Woodfired Pizza in Scottsdale, is jumpin g into the hospitality industry in California with a boutiquwe property that opensthis month. And Ladeki's said he'd conside opening a similar property here.
Ladeki is renovating the historic, 20,000-square-foot Hotekl Parisi in La Jolla, and transforming it into 20 private guest suites. Construction on the $2 millionm project is slated to be completethis month. The with its slight name changeto HotelParisi, is part of a new, boutique-style hotel phenomenon, Ladeki said.
Tuesday, December 20, 2011
The Bon-Ton Stores, Inc. Announces New Long-Term Private Label Credit Card ... - MarketWatch (press release)
viningocouqyl1601.blogspot.com
The Bon-Ton Stores, Inc. Announces New Long-Term Private Label Credit Card ... MarketWatch (press release) Under the terms of the agreement, Alliance Data, through its bank subsidiary, will provide end-to-end proprietary credit card services from account acquisition to multi-channel marketing and customer service. Bon-Ton's current proprietary credit card ... |
Sunday, December 18, 2011
Petugas selamatkan 33 imigran akibat kapal tenggelam - BBCIndonesia.com
lamoreuuceses1724.blogspot.com
Detikcom | Petugas selamatkan 33 imigran akibat kapal tenggelam BBCIndonesia.com Petugas penyelamat telah berhasil menyelamatkan 33 orang pencari suaka yang mengalami kecelakaan kapal di perairan Prigi, Watu Limo, Trenggalek, Jawa Timur. "Sementara hingga pagi ini (18/12) kami berhasil menyelamatkan 33 orang," kata Kepala Badan ... Tim SAR Kembali Selamatkan Lima Korban Baru |
Friday, December 16, 2011
Friendly Fire - National Journal
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ABC News | Friendly Fire National Journal Republicans are attacking each other with such gusto that it may be impossible to close the wounds. AP Photo/Charlie Neiberg » |
Tuesday, December 13, 2011
Survey: CEOs still foresee negative conditions - Silicon Valley / San Jose Business Journal:
ignatiywulyxura.blogspot.com
“This quarter’s results reflect a continuing weak set ofeconomixc conditions,” said Ivan Seidenberg, chairman of Business Roundtablee and chairman and CEO of “Conditions — whilw still negative — appear to have begunh to stabilize.” The Washington-based associatiohn of CEOs represents a combined work force of nearly 10 millionn employees and more than $5 trillion in annual sales. When askedf how they anticipate their sales to fluctuate in the next six 34 percent said saleswill increase, and 46 percent predicted a That is a sunnier forecast than the first-quarter outlook when 24 percent predicted higher sales. Fifty-one perceng said their U.S.
capital spending will fall in thesecondd quarter, and 12 percent said it will Forty-nine percent expect theitr U.S. employment to decrease in the next six up fromthe first-quarter outlook when 71 percent predicted a drop in Six percent anticipate their employee base to Member CEOs estimated that the nation’s real grosds domestic product will drop by 2.1 percen in 2009, compared with the first-quarter estimate of a 1.9 percent decline. The outlook inded — which combines member CEO projectionsfor sales, capitapl spending and employment in the six monthxs ahead — expanded to 18.5 in the seconc quarter, up from -5 in the first quarter.
An indedx reading of 50 or lower is consistent with overallkeconomic contraction, and a reading of 50 or higher is consisteng with expansion.
“This quarter’s results reflect a continuing weak set ofeconomixc conditions,” said Ivan Seidenberg, chairman of Business Roundtablee and chairman and CEO of “Conditions — whilw still negative — appear to have begunh to stabilize.” The Washington-based associatiohn of CEOs represents a combined work force of nearly 10 millionn employees and more than $5 trillion in annual sales. When askedf how they anticipate their sales to fluctuate in the next six 34 percent said saleswill increase, and 46 percent predicted a That is a sunnier forecast than the first-quarter outlook when 24 percent predicted higher sales. Fifty-one perceng said their U.S.
capital spending will fall in thesecondd quarter, and 12 percent said it will Forty-nine percent expect theitr U.S. employment to decrease in the next six up fromthe first-quarter outlook when 71 percent predicted a drop in Six percent anticipate their employee base to Member CEOs estimated that the nation’s real grosds domestic product will drop by 2.1 percen in 2009, compared with the first-quarter estimate of a 1.9 percent decline. The outlook inded — which combines member CEO projectionsfor sales, capitapl spending and employment in the six monthxs ahead — expanded to 18.5 in the seconc quarter, up from -5 in the first quarter.
An indedx reading of 50 or lower is consistent with overallkeconomic contraction, and a reading of 50 or higher is consisteng with expansion.
Sunday, December 11, 2011
MySpace slashes international staff - Denver Business Journal:
nadezhdaqedyxos.blogspot.com
The move to reduce international employment by 150 comesz on the heels of the announcemengt that MySpace is cuttingits U.S. jobs by 30 or about 420 jobs. MySpace last monthy was passed in global market share byPalo Alto-based , but stilpl leads in the number of uniquer visitors to its Web site in the U.S. MySpac e CEO Owen Van Natta was hirede in April to try to revive the socianetworking site. The division that includes MySpace posted an $89 million loss in the most recentt quarter. "As we conducted our revie w ofthe company, it was cleatr that internationally, just as in the U.S.
, MySpace's staffing had becomer too big and cumbersome to be sustainabl in current market conditions," Van Natta said in a statemen Tuesday. After the jobs cuts, MySpace will have about 1,150 workers, compared to Facebook's globa work force of about 850.
The move to reduce international employment by 150 comesz on the heels of the announcemengt that MySpace is cuttingits U.S. jobs by 30 or about 420 jobs. MySpace last monthy was passed in global market share byPalo Alto-based , but stilpl leads in the number of uniquer visitors to its Web site in the U.S. MySpac e CEO Owen Van Natta was hirede in April to try to revive the socianetworking site. The division that includes MySpace posted an $89 million loss in the most recentt quarter. "As we conducted our revie w ofthe company, it was cleatr that internationally, just as in the U.S.
, MySpace's staffing had becomer too big and cumbersome to be sustainabl in current market conditions," Van Natta said in a statemen Tuesday. After the jobs cuts, MySpace will have about 1,150 workers, compared to Facebook's globa work force of about 850.
Friday, December 9, 2011
Catalyst Connection introduces loan program for manufacturers - Pittsburgh Business Times:
artemchuksykitas.blogspot.com
“This new fund is intended to provide the stimulus that manufacturersw in Allegheny County need to helpthem compete, but can’ft get from other sources,” Art Tintori, Catalysrt Connection director of financial services said in a Companies may apply online at www.catalystconnection.org/finance-programs-for-manufacturing. Catalyst Connection is a nonprofi t organization basedin Pittsburgh'ws South Oakland neighborhood dedicated to helping small and midsize manufacturers improve thei competitiveness. Bridgeway Capital, certified as a Communithy Development Financial Institution bythe U.S.
Treasur Department, provides capital and educatiom opportunities to entrepreneurs and smalpl businesses inwestern
“This new fund is intended to provide the stimulus that manufacturersw in Allegheny County need to helpthem compete, but can’ft get from other sources,” Art Tintori, Catalysrt Connection director of financial services said in a Companies may apply online at www.catalystconnection.org/finance-programs-for-manufacturing. Catalyst Connection is a nonprofi t organization basedin Pittsburgh'ws South Oakland neighborhood dedicated to helping small and midsize manufacturers improve thei competitiveness. Bridgeway Capital, certified as a Communithy Development Financial Institution bythe U.S.
Treasur Department, provides capital and educatiom opportunities to entrepreneurs and smalpl businesses inwestern
Wednesday, December 7, 2011
Higgins wants more NYPA funds in WNY - Business First of Buffalo:
tenamup.wordpress.com
The Buffalo Democrat, a frequent critif of the , which oversees the has asked the state to turn over 36 percenyt of net revenue for economic development and tourisjm effortsin Erie, Niagara, Chautauqua and Orleans That would amount to some $65 million per Higgins said, and could create 14,000 jobs in five year time. "This community must stansd up and claim what isnaturally ours,” he said. “Liked Florida profits from its sunshine and California profits from itsPacifid surf, Western new York must demandd our right to benefit from our lake that feeda our river, which generates the powerr produced by Niagara falls.
” According to Higgins, in 2008 NYPA had a surplusa of $309 million, over 75 percen t that was directly attributable to the Niagara Powedr Project in Lewiston. He added, the state agency’sa own study found that only 14 percentg of the economic benefit derived from that plant remains in Western New In a letter toboth Gov. Davird Paterson and NYPA President and CEO Richard Higgins outlinedhis plan. Among the projects noted is developmentof Buffalo’es waterfront, including the Inner Harbor area, as well as the Darwi Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
The Buffalo Democrat, a frequent critif of the , which oversees the has asked the state to turn over 36 percenyt of net revenue for economic development and tourisjm effortsin Erie, Niagara, Chautauqua and Orleans That would amount to some $65 million per Higgins said, and could create 14,000 jobs in five year time. "This community must stansd up and claim what isnaturally ours,” he said. “Liked Florida profits from its sunshine and California profits from itsPacifid surf, Western new York must demandd our right to benefit from our lake that feeda our river, which generates the powerr produced by Niagara falls.
” According to Higgins, in 2008 NYPA had a surplusa of $309 million, over 75 percen t that was directly attributable to the Niagara Powedr Project in Lewiston. He added, the state agency’sa own study found that only 14 percentg of the economic benefit derived from that plant remains in Western New In a letter toboth Gov. Davird Paterson and NYPA President and CEO Richard Higgins outlinedhis plan. Among the projects noted is developmentof Buffalo’es waterfront, including the Inner Harbor area, as well as the Darwi Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
Monday, December 5, 2011
Ohio Medicaid program gets $676K in drug firm settlement - Denver Business Journal:
utyziluz.wordpress.com
Paris-based reached a $182.8 million settlement with all 50 stateasand Washington, D.C., after attorneys generalk nationwide mounted an investigationj into the company's alleged overbilling for an anti-nausea drug typically used in chemotherapgy treatments. Ohio Attorney General Marc Dann and othe r officials claim the company inflateed average wholesale prices for the drug betweenj June 1997 andSeptember 2004.
Michelle Gatchell, a spokeswoman for Dann's office, said about 165,000 Anzemer prescriptions were filled in Ohio duringthat "My office will continue to look into the pharmaceuticalp industry to make sure no other company is takingy advantage of the system or Ohioans," Dann said in a Dann is involved in similar lawsuits pendinhg against Columbus-based , Abbotyt Park, Ill.-based (NYSE: ABT), Peapack, N.J.-based and Nev.-based The federal government's Medicarw program is receiving $160.11 million of the Aventis settlement, while the rest will be funnelerd to state Medicaid programs. Officialxs at the company, now named (NYSE: couldn't be reached immediatelu for comment.
Ohio's Medicaid program, startedf in 1968, assists 1.7 million Ohioans a mont on average, and abougt 2.2 million throughout the year. The $13.3 billionn program, which takes up about a quarter ofthe state's annual budget, serve s children and adults in low-incomer Ohio families.
Paris-based reached a $182.8 million settlement with all 50 stateasand Washington, D.C., after attorneys generalk nationwide mounted an investigationj into the company's alleged overbilling for an anti-nausea drug typically used in chemotherapgy treatments. Ohio Attorney General Marc Dann and othe r officials claim the company inflateed average wholesale prices for the drug betweenj June 1997 andSeptember 2004.
Michelle Gatchell, a spokeswoman for Dann's office, said about 165,000 Anzemer prescriptions were filled in Ohio duringthat "My office will continue to look into the pharmaceuticalp industry to make sure no other company is takingy advantage of the system or Ohioans," Dann said in a Dann is involved in similar lawsuits pendinhg against Columbus-based , Abbotyt Park, Ill.-based (NYSE: ABT), Peapack, N.J.-based and Nev.-based The federal government's Medicarw program is receiving $160.11 million of the Aventis settlement, while the rest will be funnelerd to state Medicaid programs. Officialxs at the company, now named (NYSE: couldn't be reached immediatelu for comment.
Ohio's Medicaid program, startedf in 1968, assists 1.7 million Ohioans a mont on average, and abougt 2.2 million throughout the year. The $13.3 billionn program, which takes up about a quarter ofthe state's annual budget, serve s children and adults in low-incomer Ohio families.
Saturday, December 3, 2011
Garage Ventures adds personnel in ongoing hunt for big hit - Silicon Valley / San Jose Business Journal:
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"The market is coming back, the entrepreneursa are coming back, the opportunities are says managing directorBill Reichert. "We'vee got a lot of momentum and we wantexd to bolsterthe team, as well as builf out Garage." Palo Alto-basedd Garage started as an investment bank in 1997, raising nearl $400 million for companies. It was founded by thre e partners including Guy a former Apple executive and authoer of bookson entrepreneurship. The firm earneed name recognition byhosting well-attended events and conferenceds for entrepreneurs.
In 2002, followin the bust, Garage changed its business model to direcg investing as a venture butit wasn't until 2006 that it was able to convert some legacy assets from the investmeng bank over to the venture fund. That freed up about $5 millio more in capital to be Now Garage has added Joyce a founding partner of Cardinal Venture asmanaging director, and Henry co founder of Diamond Technologyh Ventures, as a venture partner, to capitalized on what it sees as opportunitie s in the early stage market. "It's really become a little bit of a gap in the says Chung.
"A lot of existing funds are movinbg a little bit upstream to later stage orlarger rounds, which by definition aren' addressing the seed stage specifically. I felt like there was an opportunit to really fill a void in the market and work with entrepreneur s really early in the process and focuss onemerging tech, which is prettyh broad." The firm's first $20 million fund raised in Garage California Entrepreneurs is not fully vested. But so far it has dealy CalPERS, the state pension fund requireed to publish its investing a 9.3 percent internal rate of return on its $10 milliobn investment.
That was before the firm's portfoliop company, information-sharing site was sold to the Hearst Corporation. "It was a nice not a home run, but it was validation of our model," Reicherrt says, declining to divulgw the return on investment orsale price. Some reportx indicated Hearst paidbetween $30 millionj and $40 million. Garage has taken some recen t hits in the blogosphere and on for not beinh able to land any home rundeal -- usually characterized by a return of 10 timesa or more on investment.
Kawasaki also was recentlhy quoted as saying ventures investing wasa "crap But Reichert says the firm has a disciplinexd approach to investing in earl stage companies with untestedr entrepreneurs in untested markets. The point Kawasakiu was trying to make was thatGaragse isn't looking to invest in Web 2.0 companies, which it viewsz as a market that is way too crowded and coulcd be a potential bubble waiting to burst. "We decidee we're not going to chasde popular, faddish Web 2.0 deals," Reicherrt says. "We don't want to fund the 13th, much less the 130tn video-mobile-social-ad-dating-matching site.
" Instead the firm has wide-ranging investments in some offbeaty companieslike D.lite Designs, which makes a lantern that is more energu efficient and cheaper than kerosene for populations without accesw to consistent electricity. It has also invested in companies ranginf from renewable fuels producers to a jobs databasse and search engine to a service that prepares visas and a Web sitecitizenshilp applications.
Whether that approach will pay off long term is but it was attractive to Chung who spent most of her investintg career dealingin software, at companies like and then at Garage's broad net-casting approach will allow her to dabblwe in other industries including cleahn tech, she says. With only $25 milliob to employ, Chung says she'lpl adjust her personal investment strategies, look at differen types of deals and differentr typesof entrepreneurs. Chung says the firm mitigates risk by working extensivelyy with companies before investingin them.
"The market is coming back, the entrepreneursa are coming back, the opportunities are says managing directorBill Reichert. "We'vee got a lot of momentum and we wantexd to bolsterthe team, as well as builf out Garage." Palo Alto-basedd Garage started as an investment bank in 1997, raising nearl $400 million for companies. It was founded by thre e partners including Guy a former Apple executive and authoer of bookson entrepreneurship. The firm earneed name recognition byhosting well-attended events and conferenceds for entrepreneurs.
In 2002, followin the bust, Garage changed its business model to direcg investing as a venture butit wasn't until 2006 that it was able to convert some legacy assets from the investmeng bank over to the venture fund. That freed up about $5 millio more in capital to be Now Garage has added Joyce a founding partner of Cardinal Venture asmanaging director, and Henry co founder of Diamond Technologyh Ventures, as a venture partner, to capitalized on what it sees as opportunitie s in the early stage market. "It's really become a little bit of a gap in the says Chung.
"A lot of existing funds are movinbg a little bit upstream to later stage orlarger rounds, which by definition aren' addressing the seed stage specifically. I felt like there was an opportunit to really fill a void in the market and work with entrepreneur s really early in the process and focuss onemerging tech, which is prettyh broad." The firm's first $20 million fund raised in Garage California Entrepreneurs is not fully vested. But so far it has dealy CalPERS, the state pension fund requireed to publish its investing a 9.3 percent internal rate of return on its $10 milliobn investment.
That was before the firm's portfoliop company, information-sharing site was sold to the Hearst Corporation. "It was a nice not a home run, but it was validation of our model," Reicherrt says, declining to divulgw the return on investment orsale price. Some reportx indicated Hearst paidbetween $30 millionj and $40 million. Garage has taken some recen t hits in the blogosphere and on for not beinh able to land any home rundeal -- usually characterized by a return of 10 timesa or more on investment.
Kawasaki also was recentlhy quoted as saying ventures investing wasa "crap But Reichert says the firm has a disciplinexd approach to investing in earl stage companies with untestedr entrepreneurs in untested markets. The point Kawasakiu was trying to make was thatGaragse isn't looking to invest in Web 2.0 companies, which it viewsz as a market that is way too crowded and coulcd be a potential bubble waiting to burst. "We decidee we're not going to chasde popular, faddish Web 2.0 deals," Reicherrt says. "We don't want to fund the 13th, much less the 130tn video-mobile-social-ad-dating-matching site.
" Instead the firm has wide-ranging investments in some offbeaty companieslike D.lite Designs, which makes a lantern that is more energu efficient and cheaper than kerosene for populations without accesw to consistent electricity. It has also invested in companies ranginf from renewable fuels producers to a jobs databasse and search engine to a service that prepares visas and a Web sitecitizenshilp applications.
Whether that approach will pay off long term is but it was attractive to Chung who spent most of her investintg career dealingin software, at companies like and then at Garage's broad net-casting approach will allow her to dabblwe in other industries including cleahn tech, she says. With only $25 milliob to employ, Chung says she'lpl adjust her personal investment strategies, look at differen types of deals and differentr typesof entrepreneurs. Chung says the firm mitigates risk by working extensivelyy with companies before investingin them.
Wednesday, November 30, 2011
Huntsman vows to fix 'trust deficit' during Portsmouth visit - Seacoastonline.com
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Indian Express | Huntsman vows to fix 'trust deficit' during Portsmouth visit Seacoastonline.com After speaking on his rising poll numbers in the Granite State, Huntsman addressed what he c » |
Monday, November 28, 2011
Michael Farber: Bruins' Bergeron shares concussion bond with Sidney Crosby - SI.com
jaqezuweg.blogspot.com
CBC.ca | Michael Farber: Bruins' Bergeron shares concussion bond with Sidney Crosby SI.com Patrice Bergeron (right), here battling Sidney Crosby, says a player just knows when he's ready to return from a concussion. MONTREAL -- Some 475 miles to the southwest, in the NHL's Gotham City, Superman has peeled off his drenched black Pittsburgh ... The Return of Sidney Crosby |
Saturday, November 26, 2011
Matthew McConaughey & Family: Land In LA - Celebrity Baby Scoop
callahamirykaan1884.blogspot.com
Matthew McConaughey & Family: Land In LA Celebrity Baby Scoop Matthew McConaughey and Camila Alves were photographed with their children - Levi, 3, and Vida, nearly 2 - landing at the Los Angeles International Airport on Friday (November 25). The hunky papa carried their son on his shoulders, while mama toted ... Matthew McConaughey and Camila Alves Touch Down With Levi and Vida |
Thursday, November 24, 2011
Chase bank hiring 200 in Milwaukee - Kansas City Business Journal:
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New employees are working at theChase Tower, 111 E. Wisconsin Ave., and are focused mainly on negotiatintg new payment arrangements with homeowners delinquent ontheird payments, said spokeswoman Christine Holevas. Chaser is one of the nation’s largest mortgagee servicers with a portfolioof $1.5 trillion. The bank addesd billions in mortgage business with the September 2008 acquisitio n ofWashington Mutual. The new hires includee loan specialists, negotiators, underwriters and Holevas said. Many already have startef training.
Chase has about 1,400 employee s in greater Milwaukee, and nearly 950 in Milwaukee, Holevas Chase, which is part of , New York City, runs 41 branchexs in the metropolitan InDecember 2008, Chase cited declininy activity in home-equity lending when it announcee job eliminations by early Februart in its downtown Milwaukee home equity servicing center. Some employeesw who were laid off earlierf this year are likely among those beingg hired for the mortgage servicing Holevas said. “We had terrific people and we want to get the best ofthose back,” she said. Chase bank officials like the qualitt of employees in Milwaukee and theirwork ethic, Holevasz said.
She could not predict the longevitu of thenew “As the business changes so do our employment needs,” Holevae said. “We staff according to needs.” As the number of foreclosures continues to rise Chase is far from the only bank to boost its staff for handling troubled Some banks, including M&I Marshal & Ilsley in Milwaukee, have instituted foreclosures moratoriums as they attempt to modify mortgages to reducer payments. M&I’s foreclosure moratorium is scheduled to expire onJune 30.
In the past six M&I has increased by 50 percent its staff dedicated to assisting the increasinh number of homeowners facingfinancia stress, said Dick Becker, president of the bank’ds Wisconsin community bank unit. He declined to disclos the number of jobsthat M&k has added. M&I works with homeowners before they reachh delinquency to avoid foreclosure and also seeks solutions for homeownerxs alreadyin foreclosure, Becker said. Minneapolis-based , whicy has the second-largest deposit market share in metropolitan Milwaukee and services more than 1 millionbmortgages nationally, announced in March that it is constructinyg a building in Owensboro, Ky.
, for its mortgagee services unit. The bank already employs 850 people in Owensboro and the new building will accommodatwe up to 300new employees. At the communitg bank level, the loan modification strategie are implemented on asmaller scale. For example, , increased its collections staff from two to thre plusa half-time employee to tackler the increased workload, said president and CEO Doug Collections employees review the home-owner’s financia situation in an effort to avoid foreclosure, Gordo n said. The employees discuss what the homeowner can afford for paymentz and whether the mortgageis salvageable, he said.
The bank has successfully modified many mortgages and even stopped some foreclosured while they werein process, he said. “We’d much rathert modify them — work with them — than Gordon said. “Nobody wins in that. We don’ty want to own the real estate andthey don’t want to lose the real estate.”
New employees are working at theChase Tower, 111 E. Wisconsin Ave., and are focused mainly on negotiatintg new payment arrangements with homeowners delinquent ontheird payments, said spokeswoman Christine Holevas. Chaser is one of the nation’s largest mortgagee servicers with a portfolioof $1.5 trillion. The bank addesd billions in mortgage business with the September 2008 acquisitio n ofWashington Mutual. The new hires includee loan specialists, negotiators, underwriters and Holevas said. Many already have startef training.
Chase has about 1,400 employee s in greater Milwaukee, and nearly 950 in Milwaukee, Holevas Chase, which is part of , New York City, runs 41 branchexs in the metropolitan InDecember 2008, Chase cited declininy activity in home-equity lending when it announcee job eliminations by early Februart in its downtown Milwaukee home equity servicing center. Some employeesw who were laid off earlierf this year are likely among those beingg hired for the mortgage servicing Holevas said. “We had terrific people and we want to get the best ofthose back,” she said. Chase bank officials like the qualitt of employees in Milwaukee and theirwork ethic, Holevasz said.
She could not predict the longevitu of thenew “As the business changes so do our employment needs,” Holevae said. “We staff according to needs.” As the number of foreclosures continues to rise Chase is far from the only bank to boost its staff for handling troubled Some banks, including M&I Marshal & Ilsley in Milwaukee, have instituted foreclosures moratoriums as they attempt to modify mortgages to reducer payments. M&I’s foreclosure moratorium is scheduled to expire onJune 30.
In the past six M&I has increased by 50 percent its staff dedicated to assisting the increasinh number of homeowners facingfinancia stress, said Dick Becker, president of the bank’ds Wisconsin community bank unit. He declined to disclos the number of jobsthat M&k has added. M&I works with homeowners before they reachh delinquency to avoid foreclosure and also seeks solutions for homeownerxs alreadyin foreclosure, Becker said. Minneapolis-based , whicy has the second-largest deposit market share in metropolitan Milwaukee and services more than 1 millionbmortgages nationally, announced in March that it is constructinyg a building in Owensboro, Ky.
, for its mortgagee services unit. The bank already employs 850 people in Owensboro and the new building will accommodatwe up to 300new employees. At the communitg bank level, the loan modification strategie are implemented on asmaller scale. For example, , increased its collections staff from two to thre plusa half-time employee to tackler the increased workload, said president and CEO Doug Collections employees review the home-owner’s financia situation in an effort to avoid foreclosure, Gordo n said. The employees discuss what the homeowner can afford for paymentz and whether the mortgageis salvageable, he said.
The bank has successfully modified many mortgages and even stopped some foreclosured while they werein process, he said. “We’d much rathert modify them — work with them — than Gordon said. “Nobody wins in that. We don’ty want to own the real estate andthey don’t want to lose the real estate.”
Tuesday, November 22, 2011
What do other cities have that we don't? A big space crunch, for one - Business First of Columbus:
manuscripts-shuwatu.blogspot.com
Take in the view from the top of the Rhodes State Office Tower onCapitol Square, and it's easy to see one big differencre between Ohio's biggest city and its sisters goingh through growth spurts. "It's flat," said Doug Ryan, Columbus-based sales leadere for the eastern United Statex with architecturefirm Cincinnati's downtown is sandwiched between hillsa and the Ohio River, while Clevelande is on the Lake Erie shore and flanked by the Cuyahogaa River and a freeway tangle. Downtown Columbuds has the Scioto Riverr and not much else inthe way.
"Yo can put Cincinnati's and Cleveland's downtowns with a piecde of Boston's downtown in the city of Columbus," Mayor Michaelp Coleman said. Ohio's capital city has plenty of downtownm constructionunder way, just not said Nancy Reger, who does land use projection for the . A new courthouse, ballpark, two housing developments and a riverbank park are being builgt and plans are simmering fora mixed-usedx development to replace the dyin City Center mall. On the is soon to start an addition and is finishingan 11-story addition. "They're not hinginf on cannibalizing employment, they're hinging on brande new things," Reger said.
The three towerx in Cincinnatiand Cleveland, by are pulling anchor tenants from elsewhere and range from 40 percenyt to 100 percent speculative. , a unit of American Financial Group, will take up to 60 percentt ofa $322 million, 41-story tower in Cincinnati's Queejn City Square, consolidating employees from four or five olderr buildings. The remaining speculative space is availablr for other tenants willing to pay highed rents to leave officestocko that's 20 to 30 years old, said Tom senior vice president of builder , the development subsidiary of Cincinnati's "We are obviously bullish about that aspect of the market," he An economic impact study by the predictef a $1.
7 billion regional benefit from the including renovating the With help from a public bond Western & Southern is fronting the which made it possible, Stapleton noting the company would consider a Columbu project if there were opportunity. In the all-speculative glass towerf is planned for a parking lot onPublic Square. It'e to be jointly developed by , whicu built the nearby 57-story Key Tower, and a Houston-based real estate firm. The firms said they saw enough demand in the marketfor new, more energy efficientf office space.
Douglas Miller, Jacobs vice president of officre operations, said in a news release he hopees the building attracts new companies tothe "There's no way for us to be able to determinre in advance if it's a good idea or said William Bowen, urban studies professor at . "Ths primary concern is there are no public dollars being spent on In theFlats district, local developers and are planninbg a $522 million redevelopment to include a hotel, housing and a $160 million, 20-story designed by NBBJ. Big Four accounting firm will move 1,200 workers to the top six floord and hang its lighted name onthree sides.
The firm, which has roots in the formeerErnst & Ernst of is leaving the Huntington Center, builg in the early 1900s, and an education centerf in the suburbs. Law firm Tucker Ellie and West LLP is taking anotherfour floors.
Take in the view from the top of the Rhodes State Office Tower onCapitol Square, and it's easy to see one big differencre between Ohio's biggest city and its sisters goingh through growth spurts. "It's flat," said Doug Ryan, Columbus-based sales leadere for the eastern United Statex with architecturefirm Cincinnati's downtown is sandwiched between hillsa and the Ohio River, while Clevelande is on the Lake Erie shore and flanked by the Cuyahogaa River and a freeway tangle. Downtown Columbuds has the Scioto Riverr and not much else inthe way.
"Yo can put Cincinnati's and Cleveland's downtowns with a piecde of Boston's downtown in the city of Columbus," Mayor Michaelp Coleman said. Ohio's capital city has plenty of downtownm constructionunder way, just not said Nancy Reger, who does land use projection for the . A new courthouse, ballpark, two housing developments and a riverbank park are being builgt and plans are simmering fora mixed-usedx development to replace the dyin City Center mall. On the is soon to start an addition and is finishingan 11-story addition. "They're not hinginf on cannibalizing employment, they're hinging on brande new things," Reger said.
The three towerx in Cincinnatiand Cleveland, by are pulling anchor tenants from elsewhere and range from 40 percenyt to 100 percent speculative. , a unit of American Financial Group, will take up to 60 percentt ofa $322 million, 41-story tower in Cincinnati's Queejn City Square, consolidating employees from four or five olderr buildings. The remaining speculative space is availablr for other tenants willing to pay highed rents to leave officestocko that's 20 to 30 years old, said Tom senior vice president of builder , the development subsidiary of Cincinnati's "We are obviously bullish about that aspect of the market," he An economic impact study by the predictef a $1.
7 billion regional benefit from the including renovating the With help from a public bond Western & Southern is fronting the which made it possible, Stapleton noting the company would consider a Columbu project if there were opportunity. In the all-speculative glass towerf is planned for a parking lot onPublic Square. It'e to be jointly developed by , whicu built the nearby 57-story Key Tower, and a Houston-based real estate firm. The firms said they saw enough demand in the marketfor new, more energy efficientf office space.
Douglas Miller, Jacobs vice president of officre operations, said in a news release he hopees the building attracts new companies tothe "There's no way for us to be able to determinre in advance if it's a good idea or said William Bowen, urban studies professor at . "Ths primary concern is there are no public dollars being spent on In theFlats district, local developers and are planninbg a $522 million redevelopment to include a hotel, housing and a $160 million, 20-story designed by NBBJ. Big Four accounting firm will move 1,200 workers to the top six floord and hang its lighted name onthree sides.
The firm, which has roots in the formeerErnst & Ernst of is leaving the Huntington Center, builg in the early 1900s, and an education centerf in the suburbs. Law firm Tucker Ellie and West LLP is taking anotherfour floors.
Sunday, November 20, 2011
'God forbid, it happened again' - Enid News & Eagle
tenganmodooo1324.blogspot.com
Fox News | 'God forbid, it happened again' Enid News & Eagle Certainly it couldn't happen again to the same school, could it? But it did, and the news of the deaths of Budke and Serna brought back terrible memories of that day on Jan. 27, 2001, when OSU basketb » |
Thursday, November 17, 2011
United Technologies uses design formats museums could adopt in new Washington ... - Washington Post (blog)
aplecheevlgupy.blogspot.com
United Technologies uses design formats museums could adopt in new Washington ... Washington Post (blog) In its new offices on Pennsylvania Avenue, United Technologies wanted to get the message out that its subsidaries, some historic American names, all fit under one umbrella. Sikorsky, Carrier, Otis, Pratt & Whitney, ... |
Tuesday, November 15, 2011
Lenovo to cut 450 jobs in China - Dallas Business Journal:
yqyqynesara.blogspot.com
The cuts amount to aboug 2 percent of the total work forcdefor Lenovo, the world’s fourth largesrt computer maker. They come on top of a Januarty announcement that the company would arounxdthe world. That round of cuts included a net reduction of 150 jobsin Morrisville, a move expected to be complet e by the end of March. But the curreny cuts are just in Chinza and will not affect the spokesman Ray Gormansaid Wednesday. The positiond being cut in China are among support Gorman says. Lenovo’s newest cost-cutting efforts come as the companyh struggles to regain its footing in theglobao marketplace. The company has faced slowingv growthin China, the company’ws biggest market.
Drastically reduced IT spendinv inthe Americas, where Lenovo is stilll trying to grow its consumer footprint and stil relies mostly on business spending, also is hurtingf the company. Earlier this month, Lenovo said it in the quartere ending inDecember 2008. The companu replaced CEO Bill Amelio with company Chairman Yang Yuanqintg and brought back company founder Liu Chuanzhias
The cuts amount to aboug 2 percent of the total work forcdefor Lenovo, the world’s fourth largesrt computer maker. They come on top of a Januarty announcement that the company would arounxdthe world. That round of cuts included a net reduction of 150 jobsin Morrisville, a move expected to be complet e by the end of March. But the curreny cuts are just in Chinza and will not affect the spokesman Ray Gormansaid Wednesday. The positiond being cut in China are among support Gorman says. Lenovo’s newest cost-cutting efforts come as the companyh struggles to regain its footing in theglobao marketplace. The company has faced slowingv growthin China, the company’ws biggest market.
Drastically reduced IT spendinv inthe Americas, where Lenovo is stilll trying to grow its consumer footprint and stil relies mostly on business spending, also is hurtingf the company. Earlier this month, Lenovo said it in the quartere ending inDecember 2008. The companu replaced CEO Bill Amelio with company Chairman Yang Yuanqintg and brought back company founder Liu Chuanzhias
Sunday, November 13, 2011
Brazil's Number One Thug: Saint Nem, Neither Comedian Nor Martyr - Brazzil.com
tatyanagepoji.blogspot.com
Brazil's Number One Thug: Saint Nem, Neither Comedian Nor Martyr Brazzil.com In a war operation that used 7 helicopters, 18 armored cars and about 3000 man, authorities in Rio, have taken back from the drug Mafia, the favela (slum) of Rocinha, the city's largest shantytown, with 70000 residents. For the last 6 year, law, ... |
Friday, November 11, 2011
AAA: Tennessee gas averaging $2.34 per gallon - Orlando Business Journal:
vishnevskiipavuh.blogspot.com
The retail price of a gallon of gas rose 4 cent s in the past weekin Tennessee. AAA Soutuh puts the Tennessee averaged gallon of gasat $2.339 now. That’d more than the $2.292 motorists paid a week ago and well abovwthe $1.910 they paid on average last month. However, it is much lower than the $3.832 gas customerzs paid this timelast year. Floridz and Georgia prices rose by 6 cents in thepast "The current retail price trend has been pushed by refinery reductions, crude and wholesale price increases, but not by consumert demand,” Gregg Laskoski, managing director of publicc relations for AAA South, said in a statement.
“On May 1, the nationao average price of gasoline was 45 cents per gallon less than it is Even the most bullish of analysts would have to expect the rateof (retail gasoline) price increases to slow down in coming weeks since all rallies come to an A barrel of crudee oil closed $4.64 higher this week over last week at Crude would need to trade at about $100 per barre for gas prices to hit $3. But that is well abovde this year’s highest projections of $70-$745 per barrel, according to Tom publisher and chief oil analystat . , a trade publicatiomn for the oil industry reporting on retaipl andwholesale prices, said this week “history is on the side of a pric decline.
”
The retail price of a gallon of gas rose 4 cent s in the past weekin Tennessee. AAA Soutuh puts the Tennessee averaged gallon of gasat $2.339 now. That’d more than the $2.292 motorists paid a week ago and well abovwthe $1.910 they paid on average last month. However, it is much lower than the $3.832 gas customerzs paid this timelast year. Floridz and Georgia prices rose by 6 cents in thepast "The current retail price trend has been pushed by refinery reductions, crude and wholesale price increases, but not by consumert demand,” Gregg Laskoski, managing director of publicc relations for AAA South, said in a statement.
“On May 1, the nationao average price of gasoline was 45 cents per gallon less than it is Even the most bullish of analysts would have to expect the rateof (retail gasoline) price increases to slow down in coming weeks since all rallies come to an A barrel of crudee oil closed $4.64 higher this week over last week at Crude would need to trade at about $100 per barre for gas prices to hit $3. But that is well abovde this year’s highest projections of $70-$745 per barrel, according to Tom publisher and chief oil analystat . , a trade publicatiomn for the oil industry reporting on retaipl andwholesale prices, said this week “history is on the side of a pric decline.
”
Wednesday, November 9, 2011
High Desert Pediatrics opens doors June 15 - Baltimore Business Journal:
lamoreuuceses1724.blogspot.com
Located at 8650 Alameda NE., the 4,100-square-fooft medical office is the first tenant inthe two-buildingt office plaza built by Hoech Real Estate The project includes two office buildings totaling more than 42,0000 square feet and a new churc for Hope Episcopal. The new clinic’s operatorsa did their residencies at the and specialize in acutelyuill children. Hope Plaza is seeking a silvedr certification from the in its Leadership in Energty and EnvironmentalDesign (LEED) program. Father-so team Don and Justin Hoech partnered with the churcb to develop the parcel adjacent to La Cuevq High School in the Far Northeastt Heightsof Albuquerque.
The office buildings are being offeref for sale as office condominiumsz or canbe leased. represents half of the $7.5 milliom project, which was built by Enterprise High Desert Pediatrics is the lone tenanf to date far inthe
Located at 8650 Alameda NE., the 4,100-square-fooft medical office is the first tenant inthe two-buildingt office plaza built by Hoech Real Estate The project includes two office buildings totaling more than 42,0000 square feet and a new churc for Hope Episcopal. The new clinic’s operatorsa did their residencies at the and specialize in acutelyuill children. Hope Plaza is seeking a silvedr certification from the in its Leadership in Energty and EnvironmentalDesign (LEED) program. Father-so team Don and Justin Hoech partnered with the churcb to develop the parcel adjacent to La Cuevq High School in the Far Northeastt Heightsof Albuquerque.
The office buildings are being offeref for sale as office condominiumsz or canbe leased. represents half of the $7.5 milliom project, which was built by Enterprise High Desert Pediatrics is the lone tenanf to date far inthe
Monday, November 7, 2011
TECO Energy outlook remains strong - Business First of Columbus:
ikefageze.blogspot.com
billion in debt held by and subsidiaries and Co. The rating is supported by the underlyinh strengthof TECO’s regulated electriv and gas utility subsidiary, from whicyh it derives stable cash distributions to meet its fundiny requirements, Fitch said a release. Tamps Electric continues to post strongcredit metrics, it maintainse solid operating performance and it benefits from Florida’x constructive regulatory environment, Fitch said. Fitch is concerned, about slowing customer growth atTampz Electric. But the company has responded to slower growt by postponing projects to increasreelectric capacity.
Another concern for Fitch is cash flow deteriorationn atTECO (NYSE: TE) Guatemala becausee of the adverse rate ordere in 2008, unplanned outages at the San Jose uncertainty over the extension of a purchasexd power agreement, and the potential for deferred or renegotiater contracts because of declining markeyt prices, higher production costas and slumping demand for coal. TECO Coal and TECO Guatemalaz provide roughly 20 percent of theparentg company’s consolidated earnings before interest, taxes, depreciationh and amortization, Fitch said.
Credit ratios at Tampa Electrix should benefit from higher base rates in 2009 and 2010 as a resulf ofa $138 million rate ordefr approved in March, Fitch In addition, an affiliatr waterborne transportation agreement that reduced Tamps Electric’s annual net income by $10 million in prior years is expiring. Fitch expects coverage ratioa to remain relatively strong with funds from operations coveragr at nearly five timesin 2009. TECO Coal is expectes to benefit from higher priced contracts signedin 2008. However, soft coal demand and highetr mining production costs at TECO Coal raiswe the risks ofcontractual non-performancer by counter-parties and pressured margins.
Diverse regulator orders and operating issues at the Guatemalan operationa will result in dividend distributions that are lower thanhistoric TECO's liquidity position is consideresd strong, Fitch said. Cash and cash equivalents were $34.98 million and available credit facilitieswere $530 million as of Marchj 31. Liquidity was enhanced by a netoperatinf loss-tax carry forward of $547.5t million as of Dec. 31, which is expectedr to result in minimal cash tax paymentsthrough 2012.
In addition, TECO's $100 million note maturinhg in 2010 is expected to be retired with internal Positive rating action could result in the future from consolidated leverage ratio reductionj in 2010 and higher cash flows from a full year of highed base rates in 2010 and effectivecost
billion in debt held by and subsidiaries and Co. The rating is supported by the underlyinh strengthof TECO’s regulated electriv and gas utility subsidiary, from whicyh it derives stable cash distributions to meet its fundiny requirements, Fitch said a release. Tamps Electric continues to post strongcredit metrics, it maintainse solid operating performance and it benefits from Florida’x constructive regulatory environment, Fitch said. Fitch is concerned, about slowing customer growth atTampz Electric. But the company has responded to slower growt by postponing projects to increasreelectric capacity.
Another concern for Fitch is cash flow deteriorationn atTECO (NYSE: TE) Guatemala becausee of the adverse rate ordere in 2008, unplanned outages at the San Jose uncertainty over the extension of a purchasexd power agreement, and the potential for deferred or renegotiater contracts because of declining markeyt prices, higher production costas and slumping demand for coal. TECO Coal and TECO Guatemalaz provide roughly 20 percent of theparentg company’s consolidated earnings before interest, taxes, depreciationh and amortization, Fitch said.
Credit ratios at Tampa Electrix should benefit from higher base rates in 2009 and 2010 as a resulf ofa $138 million rate ordefr approved in March, Fitch In addition, an affiliatr waterborne transportation agreement that reduced Tamps Electric’s annual net income by $10 million in prior years is expiring. Fitch expects coverage ratioa to remain relatively strong with funds from operations coveragr at nearly five timesin 2009. TECO Coal is expectes to benefit from higher priced contracts signedin 2008. However, soft coal demand and highetr mining production costs at TECO Coal raiswe the risks ofcontractual non-performancer by counter-parties and pressured margins.
Diverse regulator orders and operating issues at the Guatemalan operationa will result in dividend distributions that are lower thanhistoric TECO's liquidity position is consideresd strong, Fitch said. Cash and cash equivalents were $34.98 million and available credit facilitieswere $530 million as of Marchj 31. Liquidity was enhanced by a netoperatinf loss-tax carry forward of $547.5t million as of Dec. 31, which is expectedr to result in minimal cash tax paymentsthrough 2012.
In addition, TECO's $100 million note maturinhg in 2010 is expected to be retired with internal Positive rating action could result in the future from consolidated leverage ratio reductionj in 2010 and higher cash flows from a full year of highed base rates in 2010 and effectivecost
Friday, November 4, 2011
Credit card processing company grows business by evolving strategy - Kansas City Business Journal:
nazariomuibepu1687.blogspot.com
Henry Helgeson and Scott Zdanis established the company in 1998 as a resellert of credit card processinyg terminals over the To a smaller extent the companu provided processing of credit card But as margin compression made equipment salexless profitable, the partners responded by rampinfg up processing services. Today, its processing services constitute 90 percengt of its totalgross revenue, while equipment and software saled are 10 percent. Business has been so brisk it signedup 2,300 new customers in April alone — that the company is planningg to increase its sales force by 30 percent or 40 percent within the next 60 days.
“Wre basically are getting more businesses trying to signup (for our than we have the capacity for, and we’re tryingt to staff up for that as quickly as says Helgeson, 34, who serves as president and Co-founder Zdanis has since moved to Miam i and plays a less activd role in the company. Merchant Warehouser acts as a third-party processor, facilitating paymenrt transactions between merchants and credit card issuers, essentially by getting money off of the consumer’s credit card and into the business’as bank account. Its residual-based business model makes money by charging for that servics oneach transaction.
Sinc e its inception, the 150-employee company estimates servinhg a cumulative total of morethan 87,000 customers nationwidde — primarily small and medium-sizs businesses; about 56,000 are active accounts right now, with most of the attritio due to companies going out of Helgeson notes. Today, Merchant Warehouss is processing morethan 3.5 million paymengt transactions per month. After hitting $27.w3 million in revenue in 2008, the company is shooting for $32 millionb to $34 million this year.
Helgeson says Merchan Warehouse has also benefiteds by becoming more ofa technology-driven “When we started to hire our own software developerss and build our own infrastructure, as far as computefr systems and technology to run this office, that reall put us into a hyper-growthu mode,” he says. Five years ago, the company hirer its first software developer. It subsequently built its own sophisticaterd customer relationship managementsystem in-house that has enablee the company to better measure the performanced of its accounts and staff.
And 18 months ago, it completesd the development of the necessary infrastructuree to begin processing some transactions through its own electroni c gateway herein Boston. It continues to utilizre three large outside firms to assisy in processing the bulk ofthe transactions. The compan y also works with a pool of about100 point-of-salre system resellers, who often refer business to Merchant The company has also used technology to innovate its services in an industry where Helgeson says the competition is fierce. “Ourd industry has been pretty much plain, vanills credit and debit processing,” Helgeson says.
“We had to look at it and say, ‘Whayt can we do here to differentiate ourselves?’ ” For it offers wireless credit card processing serviced to iPhone and BlackBerry users who have installed its softwar e applications ontheir PDAs. Those mobile merchantzs now represent 10 percent to 15 percentf ofthe company’s new It has also partnered with another company, , to develop a card reader that encryptsx the credit card number as it is being swipedd to help prevent security breaches.
“They’re a very impressive group,” says Steve Parks, vice presidenyt of , an Atlanta-based firm that Merchant Warehouse has engagerd for some of its processing services for many He attributesthe firm’s growth to “some very shrewc investments in technology and being ahead of the curve in terms of technology and how to use it to drives traffic (to their business), and training theier sales reps to capitalize on that traffic.
”
Henry Helgeson and Scott Zdanis established the company in 1998 as a resellert of credit card processinyg terminals over the To a smaller extent the companu provided processing of credit card But as margin compression made equipment salexless profitable, the partners responded by rampinfg up processing services. Today, its processing services constitute 90 percengt of its totalgross revenue, while equipment and software saled are 10 percent. Business has been so brisk it signedup 2,300 new customers in April alone — that the company is planningg to increase its sales force by 30 percent or 40 percent within the next 60 days.
“Wre basically are getting more businesses trying to signup (for our than we have the capacity for, and we’re tryingt to staff up for that as quickly as says Helgeson, 34, who serves as president and Co-founder Zdanis has since moved to Miam i and plays a less activd role in the company. Merchant Warehouser acts as a third-party processor, facilitating paymenrt transactions between merchants and credit card issuers, essentially by getting money off of the consumer’s credit card and into the business’as bank account. Its residual-based business model makes money by charging for that servics oneach transaction.
Sinc e its inception, the 150-employee company estimates servinhg a cumulative total of morethan 87,000 customers nationwidde — primarily small and medium-sizs businesses; about 56,000 are active accounts right now, with most of the attritio due to companies going out of Helgeson notes. Today, Merchant Warehouss is processing morethan 3.5 million paymengt transactions per month. After hitting $27.w3 million in revenue in 2008, the company is shooting for $32 millionb to $34 million this year.
Helgeson says Merchan Warehouse has also benefiteds by becoming more ofa technology-driven “When we started to hire our own software developerss and build our own infrastructure, as far as computefr systems and technology to run this office, that reall put us into a hyper-growthu mode,” he says. Five years ago, the company hirer its first software developer. It subsequently built its own sophisticaterd customer relationship managementsystem in-house that has enablee the company to better measure the performanced of its accounts and staff.
And 18 months ago, it completesd the development of the necessary infrastructuree to begin processing some transactions through its own electroni c gateway herein Boston. It continues to utilizre three large outside firms to assisy in processing the bulk ofthe transactions. The compan y also works with a pool of about100 point-of-salre system resellers, who often refer business to Merchant The company has also used technology to innovate its services in an industry where Helgeson says the competition is fierce. “Ourd industry has been pretty much plain, vanills credit and debit processing,” Helgeson says.
“We had to look at it and say, ‘Whayt can we do here to differentiate ourselves?’ ” For it offers wireless credit card processing serviced to iPhone and BlackBerry users who have installed its softwar e applications ontheir PDAs. Those mobile merchantzs now represent 10 percent to 15 percentf ofthe company’s new It has also partnered with another company, , to develop a card reader that encryptsx the credit card number as it is being swipedd to help prevent security breaches.
“They’re a very impressive group,” says Steve Parks, vice presidenyt of , an Atlanta-based firm that Merchant Warehouse has engagerd for some of its processing services for many He attributesthe firm’s growth to “some very shrewc investments in technology and being ahead of the curve in terms of technology and how to use it to drives traffic (to their business), and training theier sales reps to capitalize on that traffic.
”
Wednesday, November 2, 2011
LCA-Vision might close more surgery centers in '09 - Puget Sound Business Journal (Seattle):
yjanebixe.wordpress.com
The news sent shares of LCA LCAV) down sharply during late-morning trading. But the 10 percentr dip, which brought shares to was followed bya recovery. Shares in LCA closedr up about1 percent, or 8 cents, to $6.51 “Procedure volume in April and May has declinec approximately 45 percent from the comparable period last year and we currentluy anticipate continued softness throughout 2009,” said LCA-Vision Chairmanj Anthony Woods, who was among six directors re-electexd to the company’s board at the annuall meeting, held at the Queen City Club Wood said the company might reduce spending on marketing this year and close “underperforming vision Complaints about cost-cutting gave rise to takeovee attempt by LCA-Vision founded Dr.
Stephen Joffe, whose investment group acquiredd an 11 percent stake in the company and floated its own slatrof directors. The Joffe grou p terminated its reform effort in March and Joff e has since sold more than half of his In additionto re-electing six directors, shareholders rejected a stockholders' rights plan that makess hostile takeovers more
The news sent shares of LCA LCAV) down sharply during late-morning trading. But the 10 percentr dip, which brought shares to was followed bya recovery. Shares in LCA closedr up about1 percent, or 8 cents, to $6.51 “Procedure volume in April and May has declinec approximately 45 percent from the comparable period last year and we currentluy anticipate continued softness throughout 2009,” said LCA-Vision Chairmanj Anthony Woods, who was among six directors re-electexd to the company’s board at the annuall meeting, held at the Queen City Club Wood said the company might reduce spending on marketing this year and close “underperforming vision Complaints about cost-cutting gave rise to takeovee attempt by LCA-Vision founded Dr.
Stephen Joffe, whose investment group acquiredd an 11 percent stake in the company and floated its own slatrof directors. The Joffe grou p terminated its reform effort in March and Joff e has since sold more than half of his In additionto re-electing six directors, shareholders rejected a stockholders' rights plan that makess hostile takeovers more
Monday, October 31, 2011
Investment group plans $50M project - The Business Review (Albany):
gerazawa.wordpress.com
The Mooresville-based investment company says the $50 million project will creat 150 jobs innort Charlotte. According to a rezoning application filed with the city of the project calls for indoor andoutdoort retail, a 150-room hotel, restaurants, offices, conference space and indoor and outdootr karting and racing. Charlotte City Council will vote June 15 on theproposeed rezoning. If the application is approved, the site will be calledf “Metrolina Speed and Sport Center.” The first phasr of the project is slated for completiomnin April.
“Our goal is to create an affordablee family racing and entertainment destination with an amateur sporte focus and we believe Charlotte is the prim e locationfor it,” says Simon president of Speedway Investment Group. “We are committer to revitalizing the propertyt in a way thatcelebrates Metrolina’s rich history, embracez green technology and attracts national and international sporta competitions as well as tourism dollars.” Wes Jones, presidengt of of Charlotte has been named architect on the The Metrolina Expo property total s more than 135 acres and includes parkinyg for 20,000 vehicles. The site is on Old Statesvillee Road in theDerita community.
Speedway Investmenr Group was founded in 2008 for the specifivc purpose of redeveloping the Metrolinza site and creating an amateursports
The Mooresville-based investment company says the $50 million project will creat 150 jobs innort Charlotte. According to a rezoning application filed with the city of the project calls for indoor andoutdoort retail, a 150-room hotel, restaurants, offices, conference space and indoor and outdootr karting and racing. Charlotte City Council will vote June 15 on theproposeed rezoning. If the application is approved, the site will be calledf “Metrolina Speed and Sport Center.” The first phasr of the project is slated for completiomnin April.
“Our goal is to create an affordablee family racing and entertainment destination with an amateur sporte focus and we believe Charlotte is the prim e locationfor it,” says Simon president of Speedway Investment Group. “We are committer to revitalizing the propertyt in a way thatcelebrates Metrolina’s rich history, embracez green technology and attracts national and international sporta competitions as well as tourism dollars.” Wes Jones, presidengt of of Charlotte has been named architect on the The Metrolina Expo property total s more than 135 acres and includes parkinyg for 20,000 vehicles. The site is on Old Statesvillee Road in theDerita community.
Speedway Investmenr Group was founded in 2008 for the specifivc purpose of redeveloping the Metrolinza site and creating an amateursports
Saturday, October 29, 2011
School: Vt. mom opposed keeping kids from teacher - Boston.com
http://www.collegecostshowmuch.com/2005/p_news/nit/iacpa-archieve/iacpa/17050002call.html
School: Vt. mom opposed keeping kids from teacher Boston.com HYDE PARK, Vt.â€"The mother of two boys molested by a former Morrisville elementary school teacher blocked efforts to keep her sons away from the teacher outside of school and even threatened to hire a lawyer over the issue, court documents said. ... |
Thursday, October 27, 2011
Small businesses seek relief from product safety law - bizjournals:
bengeyqafiba1640.blogspot.com
Congress passed the Consumer Products Safety Improvement Act in August 2008 in response to the discoverty of high lead content in toys importerdfrom China. But U.S. businesse s contend the law has made it impossiblse for them to sell products that pose no healt h threatto children. Manufacturers complain the law’sz requirements to test and certify children’se products for lead and phthalates and attach permanent trackinglabels — are unreasonable and too costly for many smalol businesses. Supporters of the legislation contend that the has done a poor job of providingg guidance to businesses on how to comply withthe legislation.
They also maintaihn the commission has the authority to exclude certainn classes of products fromthe law’e requirements if they don’t pose a healtj risk. But Nancy Nord, actingb chairwoman of the Consumer Product Safety testified at a May 14 House hearing that the agencgis “hamstrung by the law’s sweepinf reach and inflexibility.” The commission has “noft yet been able to identify any productss that would meet the law’s requirementsw for exclusions,” she said. On Jan. 30, the commissiojn did issue a one-year stay of enforcement for the law’as testing and certification requirements.
“Itf was very clear people were not ready to meet the Nord said. But this stay of enforcement did not relieve manufacturers or retailers of the underlyingf legal liability for selling products that did not meetthe law’sa lower lead and phthalate levels, whichy went into effect Feb. 10. “According to the retailing community, the stay change nothing,” said David McCubbin, a partnef in McCubbin Hosiery, an Oklahomz City manufacturer. “Retailers continue to ask us to Even though there is no evidence thathis company’s hosiery contains lead, his company will be forced to pay more than $500,00p on lead testing during the next year, McCubbinb said.
Hosiery isn’t likely to be ingestedf or inhaled, so lead wouldn’t pose a health hazare even if itwere present, he Textiles should be exempted from the lead testingf requirement, he said. For Swimways Corp., a Virginiw Beach, Va.-based manufacturer of water products, the proble m isn’t lead, it’s phthalates — compounds often used to soften vinyl. The law bannec the sale of children’s products that contained phthalates, even if the parts containing phthalates are not Because the law made the new phthalatesestandard retroactive, Swimways was stuck with inventory it couldn’yt sell.
Retailers returned or destroyex Swimways merchandise and charged Swimways forthe expense. The law cost the 70-employew company more than $1 million, said Anthong Vittone, vice president and general The law could cost creators of handmadse itemstheir businesses, two home-based crafters testified. Laureol Schreiber, owner of Lucy’zs Pocket in Allison Park, Pa., makeds monogrammed gifts for children, such as and an appliqued bib andbloomer set. Even thougy most of the materials she uses in her products have been testecd for leador phthalates, the law would require her to test each individual item. This would cost her $300 to $1,275 for products that sell for $5 to $20, Schreiber said.
Suzanne Lang, owner of Starbright Baby Teething Giraffesin Pa., created 36 patternsd of giraffes last year. To test each of thesr items for lead and phthalatesz would cost as much as she said. She grossed only $4,500 last Unless the law is “thousands of small businesses and crafters will be put out of businessa in this already tougheconomic climate,” Lang said. Rep. Jasonj Altmire, D-Pa., chairman of the House Smalo Business Committee panel that heldthe hearing, pledgee to work on a solution to the law’as problems. “This is just the first he said.
But Altmire blamed “ineffective at the Consumer Product Safety Commissionand “the vagueness of important CPSC guidelines” for most of the He hopes new leadership and a bigger budget for the agency “will lead to a smoother transition to theser new regulations.”
Congress passed the Consumer Products Safety Improvement Act in August 2008 in response to the discoverty of high lead content in toys importerdfrom China. But U.S. businesse s contend the law has made it impossiblse for them to sell products that pose no healt h threatto children. Manufacturers complain the law’sz requirements to test and certify children’se products for lead and phthalates and attach permanent trackinglabels — are unreasonable and too costly for many smalol businesses. Supporters of the legislation contend that the has done a poor job of providingg guidance to businesses on how to comply withthe legislation.
They also maintaihn the commission has the authority to exclude certainn classes of products fromthe law’e requirements if they don’t pose a healtj risk. But Nancy Nord, actingb chairwoman of the Consumer Product Safety testified at a May 14 House hearing that the agencgis “hamstrung by the law’s sweepinf reach and inflexibility.” The commission has “noft yet been able to identify any productss that would meet the law’s requirementsw for exclusions,” she said. On Jan. 30, the commissiojn did issue a one-year stay of enforcement for the law’as testing and certification requirements.
“Itf was very clear people were not ready to meet the Nord said. But this stay of enforcement did not relieve manufacturers or retailers of the underlyingf legal liability for selling products that did not meetthe law’sa lower lead and phthalate levels, whichy went into effect Feb. 10. “According to the retailing community, the stay change nothing,” said David McCubbin, a partnef in McCubbin Hosiery, an Oklahomz City manufacturer. “Retailers continue to ask us to Even though there is no evidence thathis company’s hosiery contains lead, his company will be forced to pay more than $500,00p on lead testing during the next year, McCubbinb said.
Hosiery isn’t likely to be ingestedf or inhaled, so lead wouldn’t pose a health hazare even if itwere present, he Textiles should be exempted from the lead testingf requirement, he said. For Swimways Corp., a Virginiw Beach, Va.-based manufacturer of water products, the proble m isn’t lead, it’s phthalates — compounds often used to soften vinyl. The law bannec the sale of children’s products that contained phthalates, even if the parts containing phthalates are not Because the law made the new phthalatesestandard retroactive, Swimways was stuck with inventory it couldn’yt sell.
Retailers returned or destroyex Swimways merchandise and charged Swimways forthe expense. The law cost the 70-employew company more than $1 million, said Anthong Vittone, vice president and general The law could cost creators of handmadse itemstheir businesses, two home-based crafters testified. Laureol Schreiber, owner of Lucy’zs Pocket in Allison Park, Pa., makeds monogrammed gifts for children, such as and an appliqued bib andbloomer set. Even thougy most of the materials she uses in her products have been testecd for leador phthalates, the law would require her to test each individual item. This would cost her $300 to $1,275 for products that sell for $5 to $20, Schreiber said.
Suzanne Lang, owner of Starbright Baby Teething Giraffesin Pa., created 36 patternsd of giraffes last year. To test each of thesr items for lead and phthalatesz would cost as much as she said. She grossed only $4,500 last Unless the law is “thousands of small businesses and crafters will be put out of businessa in this already tougheconomic climate,” Lang said. Rep. Jasonj Altmire, D-Pa., chairman of the House Smalo Business Committee panel that heldthe hearing, pledgee to work on a solution to the law’as problems. “This is just the first he said.
But Altmire blamed “ineffective at the Consumer Product Safety Commissionand “the vagueness of important CPSC guidelines” for most of the He hopes new leadership and a bigger budget for the agency “will lead to a smoother transition to theser new regulations.”
Tuesday, October 25, 2011
Livermore and Sandia labs retool for business - The Business Review (Albany):
ucojaje.wordpress.com
Technologies developed at the labs to build and test warheadxs and nuclear weapons couldbe game-changers in cleanb energy, climate change, biotech and other Locked away for five decades, the federap agencies are pursuing better ways of commercializinhg their technology with other-than-weapons applications. They are partnerinv with the private sector in new ways and pushiny for an open campus on 50 acre s to help the labs better collaborate with the best and In addition, the two Livermore-based labs are working with the local business consulting with M.B.A. students and launching a formal program to partner with thetransportationh industry.
The shift could mean a transformation of the role the labs play inthe Tri-Valleyh and the Bay Area economy, creating an economic engine with tech transfer capabilities that rival UCSF and UC Livermore and Sandia — federalk agencies under the U.S. Departmentf of Energy and funded mostly through the National Nuclear Security Administration are boosting tech transfer Erik Stenehjem andRoger Werne, director and deputy directory of the industrial partnerships office of Lawrence are tasked with forging new partnershipss that will help get its discoveries to Stenehjem came to the lab when the cederd management in October 2007 to Lawrence Livermore National Security, a partnership of the University of , , and .
The new managemengt marked a paradigm shift for the say community members andindustry insiders. “(The tended to be silos,” said Toby Brink, president of the Tri-Valley Business “But now that the directivee have changed and management has Ithink there’s a wholed new attitude toward working collaboratively, and the (open park is just the next step in that Lawrence Livermore went through a process six months ago wherde it identified seven priorities for its researcbh funding. Energy and climate change modelinbg are twoof them.
Reducing America’s dependencs on foreign oil is viewed as a nationalosecurity issue, so clean energy technologies that help America toward that goal support the labs’ missions, lab officials said. For the recently opened National Ignition Facility at Lawrence Livermorse was built to test what happens inside a nucleatrfusion reaction, but the same technology could also create nuclear fusionn energy to meet massive energyg demands. “Energy is almost exclusivelhy a product of theprivate sector. So in order for the labs to help solvde theenergy crisis, we must partneer with the private sector,” Werne said.
Lawrence Livermore has partnererd withthe Tri-Valley Business Council to launch the Tri-Valley Innovatio Network, which is workingb to match entrepreneurs with funding and mentors. It has also reached out to Keiretsuu Forum, an angel investor and is working with three venturedcapital firms: Princeton, N.J.-based Battelle Exceed Capital out of Calgaryt and Paladin Capital Group of D.C. plus San Francisco-based tech consulting firm with whom it regularlhy shares information on technologies that may havecommerciak appeal.
The partnerships will increase the odds that the technologu that comes out of the lab can qualifh forfederal money, includinv federal stimulus funds, said Bruce Tarter, former director of Lawrence Livermore who helps connect Keiretsu investor s with potential tech but doesn’t invest in them himself. “(The Keiretsu gets the technology developed and gets it to the And to the degree we can get thatto happen, that’ss a plus,” said Lawrence Livermore over the past two years has also put more than $1 millio n of its own budget into buildingv prototypes of intellectual property — which help investors understaned the technology’s commercial potential.
Stenehjej said the labs have developed technologies relate d tocarbon sequestration, energy storage, new battery technologies and “A lot of these things got developedx for other purposes,” said “We think they have incredibler commercial opportunities, and it’as our job … to make this known to Lawrence Livermore two years ago beganm a program with Bay Area M.B.A. studentsw to get ideas about how the labs mightt bring to market discoveries withcommercial applications. Stenehjekm also said his goal is to growthe lab’s licensingb revenue to $30 million from approximately $9.5 millioh last year.
Similar to Lawrencwe Livermore’s push, Sandia launched HITEC — the Hub for Innovation in the Transportation EnergyCommunity — earlier this year. The hub’sw goals are to accelerate innovation in the transportationh industrythrough large-scale partnerships between the national the private energy universities, transportation companies and other Departmentg of Energy agencies. It’s seeking thosre partners now.
Technologies developed at the labs to build and test warheadxs and nuclear weapons couldbe game-changers in cleanb energy, climate change, biotech and other Locked away for five decades, the federap agencies are pursuing better ways of commercializinhg their technology with other-than-weapons applications. They are partnerinv with the private sector in new ways and pushiny for an open campus on 50 acre s to help the labs better collaborate with the best and In addition, the two Livermore-based labs are working with the local business consulting with M.B.A. students and launching a formal program to partner with thetransportationh industry.
The shift could mean a transformation of the role the labs play inthe Tri-Valleyh and the Bay Area economy, creating an economic engine with tech transfer capabilities that rival UCSF and UC Livermore and Sandia — federalk agencies under the U.S. Departmentf of Energy and funded mostly through the National Nuclear Security Administration are boosting tech transfer Erik Stenehjem andRoger Werne, director and deputy directory of the industrial partnerships office of Lawrence are tasked with forging new partnershipss that will help get its discoveries to Stenehjem came to the lab when the cederd management in October 2007 to Lawrence Livermore National Security, a partnership of the University of , , and .
The new managemengt marked a paradigm shift for the say community members andindustry insiders. “(The tended to be silos,” said Toby Brink, president of the Tri-Valley Business “But now that the directivee have changed and management has Ithink there’s a wholed new attitude toward working collaboratively, and the (open park is just the next step in that Lawrence Livermore went through a process six months ago wherde it identified seven priorities for its researcbh funding. Energy and climate change modelinbg are twoof them.
Reducing America’s dependencs on foreign oil is viewed as a nationalosecurity issue, so clean energy technologies that help America toward that goal support the labs’ missions, lab officials said. For the recently opened National Ignition Facility at Lawrence Livermorse was built to test what happens inside a nucleatrfusion reaction, but the same technology could also create nuclear fusionn energy to meet massive energyg demands. “Energy is almost exclusivelhy a product of theprivate sector. So in order for the labs to help solvde theenergy crisis, we must partneer with the private sector,” Werne said.
Lawrence Livermore has partnererd withthe Tri-Valley Business Council to launch the Tri-Valley Innovatio Network, which is workingb to match entrepreneurs with funding and mentors. It has also reached out to Keiretsuu Forum, an angel investor and is working with three venturedcapital firms: Princeton, N.J.-based Battelle Exceed Capital out of Calgaryt and Paladin Capital Group of D.C. plus San Francisco-based tech consulting firm with whom it regularlhy shares information on technologies that may havecommerciak appeal.
The partnerships will increase the odds that the technologu that comes out of the lab can qualifh forfederal money, includinv federal stimulus funds, said Bruce Tarter, former director of Lawrence Livermore who helps connect Keiretsu investor s with potential tech but doesn’t invest in them himself. “(The Keiretsu gets the technology developed and gets it to the And to the degree we can get thatto happen, that’ss a plus,” said Lawrence Livermore over the past two years has also put more than $1 millio n of its own budget into buildingv prototypes of intellectual property — which help investors understaned the technology’s commercial potential.
Stenehjej said the labs have developed technologies relate d tocarbon sequestration, energy storage, new battery technologies and “A lot of these things got developedx for other purposes,” said “We think they have incredibler commercial opportunities, and it’as our job … to make this known to Lawrence Livermore two years ago beganm a program with Bay Area M.B.A. studentsw to get ideas about how the labs mightt bring to market discoveries withcommercial applications. Stenehjekm also said his goal is to growthe lab’s licensingb revenue to $30 million from approximately $9.5 millioh last year.
Similar to Lawrencwe Livermore’s push, Sandia launched HITEC — the Hub for Innovation in the Transportation EnergyCommunity — earlier this year. The hub’sw goals are to accelerate innovation in the transportationh industrythrough large-scale partnerships between the national the private energy universities, transportation companies and other Departmentg of Energy agencies. It’s seeking thosre partners now.
Saturday, October 22, 2011
Breast Assured exercise can help - ChicagoNow
vlastaowibopaj.blogspot.com
ChicagoNow | Breast Assured exercise can help ChicagoNow October is National Breast cancer awareness month. Women in the United States get breast cancer more than any other type of cancer except for skin cancer. It is second only to lung cancer as a cause of cancer death ... |
Thursday, October 20, 2011
Horizon Lines Announces Results of 2009 Annual Stockholder Meeting
stages-paddocks.blogspot.com
June 3 /PRNewswire-FirstCall/ -- Horizo n Lines, Inc. (NYSE: HRZ) announced that shareholders atthe company'sd annual meeting yesterday re-electexd three Class I directors, approved the company's 2009 Incentive Compensation and Employee Stock Purchased plans and ratified the appointment of Horizon Lines ' public accounting firm. Approximately 90% of company'xs 30.8 million shares outstanding were represented in the which was open to shareholders of record as ofApril 13, 2009. the Board of Directores re-elected Chief Executive OfficereCharles G. Raymond , 65, as its chairman. "We are gratifiedc that our shareholders overwhelmingly approved all of the proposalsd putbefore them," Mr.
Raymond "We also are honored that our board continues to be represented by dedicatedc individuals with significantindustry experience, organizational leadership and financial expertise." Duringf the annual meeting, shareholders re-electeds Class I directors James G. Camero n , Alex J. Mandl , and Norman Y. Mineta . Mr. 63, has served as a directoe since July 2004 and was previously an executiver with Statia TerminalsGroup N.V. Mr. 65, has served as a director sincwe June 2007 and has been the Chairman of a global leader indigital security, since December 2007. Mr. Mineta, 77, a director of the companyu since 2006, served as Secretary of Transportatio n under PresidentGeorge W.
Bush , and as Secretarhy of Commerce underPresident . He currentlyt is Vice Chairman ofHill & Knowlton, one of the world's premierd communications consultancies. Horizon Lines, Inc. is the nation's leading domestifc ocean shipping and integrated logistics company comprised of two primaryoperating subsidiaries. Horizonn Lines, LLC, owns or leasees a fleet of 21 U.S.-flag containerships and operatex 5 port terminals linking the continental Unitecd Stateswith Alaska, Hawaii, Guam, Micronesia and Puerto Horizon Logistics, LLC, offeras customized logistics solutions to shippers from a suits of transportation and distribution management services, information technologyh developed by Horizon Services Group and intermodal trucking and warehousing services providedx by Sea-Logix.
Horizon Inc. is based in Charlotte, NC, and tradesd on the New York Stoc k Exchange under the tickersymbol HRZ. SOURCE Horizonm Lines, Inc.
June 3 /PRNewswire-FirstCall/ -- Horizo n Lines, Inc. (NYSE: HRZ) announced that shareholders atthe company'sd annual meeting yesterday re-electexd three Class I directors, approved the company's 2009 Incentive Compensation and Employee Stock Purchased plans and ratified the appointment of Horizon Lines ' public accounting firm. Approximately 90% of company'xs 30.8 million shares outstanding were represented in the which was open to shareholders of record as ofApril 13, 2009. the Board of Directores re-elected Chief Executive OfficereCharles G. Raymond , 65, as its chairman. "We are gratifiedc that our shareholders overwhelmingly approved all of the proposalsd putbefore them," Mr.
Raymond "We also are honored that our board continues to be represented by dedicatedc individuals with significantindustry experience, organizational leadership and financial expertise." Duringf the annual meeting, shareholders re-electeds Class I directors James G. Camero n , Alex J. Mandl , and Norman Y. Mineta . Mr. 63, has served as a directoe since July 2004 and was previously an executiver with Statia TerminalsGroup N.V. Mr. 65, has served as a director sincwe June 2007 and has been the Chairman of a global leader indigital security, since December 2007. Mr. Mineta, 77, a director of the companyu since 2006, served as Secretary of Transportatio n under PresidentGeorge W.
Bush , and as Secretarhy of Commerce underPresident . He currentlyt is Vice Chairman ofHill & Knowlton, one of the world's premierd communications consultancies. Horizon Lines, Inc. is the nation's leading domestifc ocean shipping and integrated logistics company comprised of two primaryoperating subsidiaries. Horizonn Lines, LLC, owns or leasees a fleet of 21 U.S.-flag containerships and operatex 5 port terminals linking the continental Unitecd Stateswith Alaska, Hawaii, Guam, Micronesia and Puerto Horizon Logistics, LLC, offeras customized logistics solutions to shippers from a suits of transportation and distribution management services, information technologyh developed by Horizon Services Group and intermodal trucking and warehousing services providedx by Sea-Logix.
Horizon Inc. is based in Charlotte, NC, and tradesd on the New York Stoc k Exchange under the tickersymbol HRZ. SOURCE Horizonm Lines, Inc.
Tuesday, October 18, 2011
Sen. Jeff Smith D-St. Louis - St. Louis Business Journal:
bafepexu.wordpress.com
Smith also sponsored a pair of bills devoted to tax credits to help spur economic althoughneither passed. Senate Bill 252 sought up to $5 millioh in tax credits per year for angepl investments inMissouri tech-based startups. Senate Bill 431 sough credits for developers who construcrt or renovate buildings using environmentallysustainable practices. What Bill are you most proud of? Senatwe Bill 140 allows circuit courts that deal with criminall nonsupport cases to create special courts to assigb nonviolent defendantsto court-supervised educational, vocational or employmenr training, substance abuse treatment or work Instead of being sentencedf to jail time for missing chilrd support payments, fathers will now have the opportunithy to take advantage of programs that can re-engagse them in their children’s lives.
This system has the potential to save thestatre $1.5 million annually.
Smith also sponsored a pair of bills devoted to tax credits to help spur economic althoughneither passed. Senate Bill 252 sought up to $5 millioh in tax credits per year for angepl investments inMissouri tech-based startups. Senate Bill 431 sough credits for developers who construcrt or renovate buildings using environmentallysustainable practices. What Bill are you most proud of? Senatwe Bill 140 allows circuit courts that deal with criminall nonsupport cases to create special courts to assigb nonviolent defendantsto court-supervised educational, vocational or employmenr training, substance abuse treatment or work Instead of being sentencedf to jail time for missing chilrd support payments, fathers will now have the opportunithy to take advantage of programs that can re-engagse them in their children’s lives.
This system has the potential to save thestatre $1.5 million annually.
Sunday, October 16, 2011
Stunting growth: Dr. Jason Chesney is developing a drug he believes could stop the spread of cancer - Business First of Louisville:
fixyruw.wordpress.com
During a stint working with proteinx in an immunology laboratory at theNew York-based , his attentionn consistently veered toward applying thoswe proteins toward cancer cells. “Everybody else was workingy on infectiousdisease (research), and I decide d I wanted to pursue the research of Chesney recalled. “My boss looked at me like I was a His persistencepaid off. Chesney’s cancer-related researchb resulted in speaking engagements, including trips to Louisvilles in 2001and 2002. It also was in 2002 that he joinedcthe , working mainlyy as a researcher and doing some clinical work at the . He becamer a full-time university faculty memberin 2003.
Among Chesney’ current research projects is one that he believess could transform cancer from a terminal illnessw into atreatable one. “If we can blocmk tumors from growing, we can turn cancer into a chronic diseasd not unlike highblood pressure,” he said. Cancer is causedx by mutations in proteins that cancer cells to surviveand thrive, Chesneg explained. “We want to blocmk those signals.
” As lead researcher on the 4-year-old Chesney and other researcherx screened 14 million compounds in an effortt to find one that achieved the goal of blockinghthe signals, thus preventing tumor The group found one, and it since has developede an anti-cancer drug that has proven effectiv in mice. Chesney believes the drug also coulr be effective in humans and could be takenh inoral form. “We think this is sort of like hittinbg a cancer cell with asledgehammef — without hitting the normal he said. A provisionap patent for the drug isin submission, Chesney said, whicbh gives the researchers one year to gathe r more data and submitg a final patent.
The provisiona l patent allows the researchers to publish their findings and protectsxthe discovery. Currently, U of L’s Officee of Technology Transfer is seeking to licensethe drug, Chesnehy said. University officials expect to have a licensint partner in place withimnsix months. One potential licensing partnetis Louisville-based Advanced Cancer Therapeutics LLC, whicj works closely with U of L’s James Graham Brown Cancer Center to help expeditde the process of getting cancer treatmentas to market.
But Chesney said the school also coulr license the drug to a larger pharmaceuticak orbiotech company, such as or Larger companies could provide more funding to carry the drug through phass one clinical trials, which Chesnegy expects will cost between $2 million and $3 Chesney and three other researchers who helped generate the patent — John Brian Clem and Sucheta Telang would share in any patent royalties if the drug is Since 2002, Chesney’s lab has receivefd $4.5 million in grant fundinb for various projects, includingy the development of this anti-cancer drug.
Its funding sourced have included the Kentucky Lung Cancer Research a fund created using tobaccosettlemen money, and the . Chesney said progresse in medical discoveries has resulted in the decreasingb prevalence ofsome diseases. But cancer is not one of and that is why Chesney has made ithis “The death rates (for have barely budged over the last four decades,” Chesnehy said. “It’s the biggest problemk in Westernmedicine today.
”
During a stint working with proteinx in an immunology laboratory at theNew York-based , his attentionn consistently veered toward applying thoswe proteins toward cancer cells. “Everybody else was workingy on infectiousdisease (research), and I decide d I wanted to pursue the research of Chesney recalled. “My boss looked at me like I was a His persistencepaid off. Chesney’s cancer-related researchb resulted in speaking engagements, including trips to Louisvilles in 2001and 2002. It also was in 2002 that he joinedcthe , working mainlyy as a researcher and doing some clinical work at the . He becamer a full-time university faculty memberin 2003.
Among Chesney’ current research projects is one that he believess could transform cancer from a terminal illnessw into atreatable one. “If we can blocmk tumors from growing, we can turn cancer into a chronic diseasd not unlike highblood pressure,” he said. Cancer is causedx by mutations in proteins that cancer cells to surviveand thrive, Chesneg explained. “We want to blocmk those signals.
” As lead researcher on the 4-year-old Chesney and other researcherx screened 14 million compounds in an effortt to find one that achieved the goal of blockinghthe signals, thus preventing tumor The group found one, and it since has developede an anti-cancer drug that has proven effectiv in mice. Chesney believes the drug also coulr be effective in humans and could be takenh inoral form. “We think this is sort of like hittinbg a cancer cell with asledgehammef — without hitting the normal he said. A provisionap patent for the drug isin submission, Chesney said, whicbh gives the researchers one year to gathe r more data and submitg a final patent.
The provisiona l patent allows the researchers to publish their findings and protectsxthe discovery. Currently, U of L’s Officee of Technology Transfer is seeking to licensethe drug, Chesnehy said. University officials expect to have a licensint partner in place withimnsix months. One potential licensing partnetis Louisville-based Advanced Cancer Therapeutics LLC, whicj works closely with U of L’s James Graham Brown Cancer Center to help expeditde the process of getting cancer treatmentas to market.
But Chesney said the school also coulr license the drug to a larger pharmaceuticak orbiotech company, such as or Larger companies could provide more funding to carry the drug through phass one clinical trials, which Chesnegy expects will cost between $2 million and $3 Chesney and three other researchers who helped generate the patent — John Brian Clem and Sucheta Telang would share in any patent royalties if the drug is Since 2002, Chesney’s lab has receivefd $4.5 million in grant fundinb for various projects, includingy the development of this anti-cancer drug.
Its funding sourced have included the Kentucky Lung Cancer Research a fund created using tobaccosettlemen money, and the . Chesney said progresse in medical discoveries has resulted in the decreasingb prevalence ofsome diseases. But cancer is not one of and that is why Chesney has made ithis “The death rates (for have barely budged over the last four decades,” Chesnehy said. “It’s the biggest problemk in Westernmedicine today.
”
Friday, October 14, 2011
Warren Buffett sells remaining Constellation shares - Houston Business Journal:
stages-paddocks.blogspot.com
Buffett, his company (NYSE: BRK.A, BRK.B), and that company’s subsidiary , are each no longedr stockholders inConstellation (NYSE: CEG), according to a form with the Securities and Exchange Commission filed Monday. They have been slowluy divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percent last The sale ends the relationship between the investor and one of two Fortune 500 companies in Baltimore Iowa-based MidAmerican got a 10 percent stakr in Constellation when its $4.7 billionn bid for the company made in Septembe was rejected three months late.
That offer came after a cash crunch led to a steep declinein Constellation’d stock price over several days and some investors fearedc bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percentr of its nuclear business for $4.5 billion to Frenc firm , which had also been in the bidding for the compan in September. For the cancelation, Constellation had to pay $175 millioh in breakup fees and $418 million for It also had to repaya $1 billio loan from Buffett with 14 percen t interest. A decision on whether the deal with EDF requiress Maryland approval is expected ina week. The deal is expectedx to closethis fall.
Buffett, his company (NYSE: BRK.A, BRK.B), and that company’s subsidiary , are each no longedr stockholders inConstellation (NYSE: CEG), according to a form with the Securities and Exchange Commission filed Monday. They have been slowluy divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percent last The sale ends the relationship between the investor and one of two Fortune 500 companies in Baltimore Iowa-based MidAmerican got a 10 percent stakr in Constellation when its $4.7 billionn bid for the company made in Septembe was rejected three months late.
That offer came after a cash crunch led to a steep declinein Constellation’d stock price over several days and some investors fearedc bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percentr of its nuclear business for $4.5 billion to Frenc firm , which had also been in the bidding for the compan in September. For the cancelation, Constellation had to pay $175 millioh in breakup fees and $418 million for It also had to repaya $1 billio loan from Buffett with 14 percen t interest. A decision on whether the deal with EDF requiress Maryland approval is expected ina week. The deal is expectedx to closethis fall.
Wednesday, October 12, 2011
GVA Advantis cuts won
qiguzewy.wordpress.com
GVA Advantis Chairman Jeff Neal announcef the moves Monday as the company shut down six in Virginia, Mississippi and Florida, due to the economicv downturn. Townsend says the Durham officee already went through a roundr of downsizing in the past The current head count of 25 is down from 55 twoyeares ago. Townsend says the Durham’s five-persomn commercial real estate brokerage team will remain as will the local construction and propertumanagement staffs. “We were ahead of the curve with and that put us in a better position,” Townsend said.
With five brokers, GVA Advantis is tied for 24th placed on the Commercial Real Estatde Brokers list in the 2009 Triangle Business Journal Bookof Lists. GVA Advantis is closinyg both its District of Columbia and Northern Virginia Others closing are inNewport Va.; Gulfport, Miss.; and Tallahassee and Panama City in Some of the phones have alreaduy been disconnected. There was no immediate word on job and Neal could not be reached for commeng beyondthe statement.
Advantis Constructioj generates more than 75 percent ofthe company’se revenue and has consistently been the most profitablw segment of the business, Neal said in a In addition to Durham, the construction divisionm also will maintain offices in Tampa, Richmond and Norfolk, Va. Advantiw Holdings will continue to provide facilities management and corporatd andadvisory services, states the release. To improve operatinf performance, Advantis is pursuing a number of possibler joint venture or other affiliation Advantis Holdings will end its affiliation with the network durinh thethird quarter.
“One year ago, the leadership team believeed we could successfully restructure the firm with a capital says Neal, who disbandee his relationship with Michael Darby at D.C. developer Monument Realthy to investin GVA. “Thee economy has been unkind to our brokerages andtransactional business. Our property managementr and construction service lines have been and will continu tobe profitable, but the challenges brought on throughout our industry and that have negatively impacted our other businesz lines have led us to determine we must close them effectivew immediately.
” Commercial real estate investment salez have dropped dramatically since the capital markets meltdowhn in the fall of 2008, according to Real Capita Analytics. Sales are off by more than two-thirds in most markets. And transactiona l activity involving leasing is alsooff significantly. “When I steppes into the role of president, my primaru goal was to evaluate our variousw business units and offices with an eye on strengtheninfg existing businesses and building a foundationm forregional growth,” says Tim who will transition from his role as president to oversee corporate and advisorgy services.
“Although there were many positive signxs forfuture growth, the current economic environmenrt clearly favors focusing attention and resources on constructioj and the consultative and advisory partsw of our business, where we have predictable revenue from repeat clients and customers,” he
GVA Advantis Chairman Jeff Neal announcef the moves Monday as the company shut down six in Virginia, Mississippi and Florida, due to the economicv downturn. Townsend says the Durham officee already went through a roundr of downsizing in the past The current head count of 25 is down from 55 twoyeares ago. Townsend says the Durham’s five-persomn commercial real estate brokerage team will remain as will the local construction and propertumanagement staffs. “We were ahead of the curve with and that put us in a better position,” Townsend said.
With five brokers, GVA Advantis is tied for 24th placed on the Commercial Real Estatde Brokers list in the 2009 Triangle Business Journal Bookof Lists. GVA Advantis is closinyg both its District of Columbia and Northern Virginia Others closing are inNewport Va.; Gulfport, Miss.; and Tallahassee and Panama City in Some of the phones have alreaduy been disconnected. There was no immediate word on job and Neal could not be reached for commeng beyondthe statement.
Advantis Constructioj generates more than 75 percent ofthe company’se revenue and has consistently been the most profitablw segment of the business, Neal said in a In addition to Durham, the construction divisionm also will maintain offices in Tampa, Richmond and Norfolk, Va. Advantiw Holdings will continue to provide facilities management and corporatd andadvisory services, states the release. To improve operatinf performance, Advantis is pursuing a number of possibler joint venture or other affiliation Advantis Holdings will end its affiliation with the network durinh thethird quarter.
“One year ago, the leadership team believeed we could successfully restructure the firm with a capital says Neal, who disbandee his relationship with Michael Darby at D.C. developer Monument Realthy to investin GVA. “Thee economy has been unkind to our brokerages andtransactional business. Our property managementr and construction service lines have been and will continu tobe profitable, but the challenges brought on throughout our industry and that have negatively impacted our other businesz lines have led us to determine we must close them effectivew immediately.
” Commercial real estate investment salez have dropped dramatically since the capital markets meltdowhn in the fall of 2008, according to Real Capita Analytics. Sales are off by more than two-thirds in most markets. And transactiona l activity involving leasing is alsooff significantly. “When I steppes into the role of president, my primaru goal was to evaluate our variousw business units and offices with an eye on strengtheninfg existing businesses and building a foundationm forregional growth,” says Tim who will transition from his role as president to oversee corporate and advisorgy services.
“Although there were many positive signxs forfuture growth, the current economic environmenrt clearly favors focusing attention and resources on constructioj and the consultative and advisory partsw of our business, where we have predictable revenue from repeat clients and customers,” he
Sunday, October 9, 2011
Gray jays' winter survival depends on food storage, study shows - PhysOrg.com
uqyvemiwu.wordpress.com
PhysOrg.com | Gray jays' winter survival depends on food storage, study shows PhysOrg.com In winter, they rely on berries, fungi, insects, carcass meat and other foods cached in nooks and crannies of trees during summer and fall. They remember where they've stored tens of thousands of food items scattered throughout a territory up to 160 ... |
Friday, October 7, 2011
Human Capital: People on the move, June 12 - Phoenix Business Journal:
http://www.hgllc.com/hgllc/about.htm
George Snell joined Webedr Shandwick , a publidc relations agency with local officesin Cambridge, as a senior vice president in its digitalk communications practice. Snell previously a seniofr vice presidentat . The intellectual property law firm of in Concore added Christopher Albert asan associate. Alberrt practices in the areasof chemistry, clean energy and pharmaceuticals.
George Snell joined Webedr Shandwick , a publidc relations agency with local officesin Cambridge, as a senior vice president in its digitalk communications practice. Snell previously a seniofr vice presidentat . The intellectual property law firm of in Concore added Christopher Albert asan associate. Alberrt practices in the areasof chemistry, clean energy and pharmaceuticals.
Wednesday, October 5, 2011
Hopkins hopes to stretch his historic reign - AFP
http://www.botiguesdeleixample.com/taxi-insurance/
Yahoo!Xtra Blogs | Hopkins hopes to stretch his historic reign AFP So am I." A victory would ensure Hopkins carries his reign past his 47th birthday on January 15, extending the age mark he took from George Foreman last May with a unanimous decision over Canada's Jean Pascal. "I want to stay in the game, ... Hopkins embraces graying facade | Philadelphia Daily News | 2011-10-05 Over 20 Years Later, Hopkins Still Finds Reasons To Excel Fight Speak Videos with Bernard Hopkins & Chad Dawson |
Monday, October 3, 2011
Mormons told to reference church by formal name - Houston Chronicle
adavuxuf.wordpress.com
Mormons told to reference church by formal name Houston Chronicle SALT LAKE CITY (AP)  Mormon leaders want followers to use the church's full, but lengthy, nine-word formal name, saying Sunday that its descriptive nature is a reminder that the faith's beliefs are centered on the teachings of ... |
Saturday, October 1, 2011
Rates up as mortgage applications rise - South Florida Business Journal:
idellecromwell1991.blogspot.com
The four-week moving average of purchase activity wasup 4.2 while the refinancing thrust was up 16 percent, accordintg to the ’s survey for the week ende April 3. Real estate analyst Jack McCabe, CEO of Deerfield Beach-base d , reports that mortgage brokers are findingthemselvezs hard-pressed to handle the new demanfd after reducing staff and closinyg offices. He called it a “refi-led because of the historically low rates and said because many in the mortgageindustry don’tf believe it will last, they are not gearinfg back up. Mortgage applications were up 4.9 percent on a week-over-weej basis – and up more than 67 percenr compared to the same week ayear ago.
More than 77 perceng of the applications were for the MBAsurvey said. In typical supply-and-demancd fashion, mortgage rates increased slightly as the demand continued to The 30-year fixed-rate mortgagre averaged 4.73 percent, up from a record low of 4.61 percenft in the previous week. Points remained at 1.03 for 80 perceng loan-to-value mortgages. The 15-year, fixed-rate mortgag was 4.49 percent, up from 4.45 while points dropped to 0.93 from 1.04 in the preceding One-year adjustable-rate mortgages, which make up just 1.5 percentr of all mortgage applications, increased to 6.23 percen t from 6.2 percent previously, with points, includin g origination fee, remaining unchanged at 0.
14 for the The MBA weekly survey, which covers about 50 percenft ofall U.S. retail residential mortgage has been conductedsince 1990. Respondentes include mortgage bankers, commerciakl banks and thrift
The four-week moving average of purchase activity wasup 4.2 while the refinancing thrust was up 16 percent, accordintg to the ’s survey for the week ende April 3. Real estate analyst Jack McCabe, CEO of Deerfield Beach-base d , reports that mortgage brokers are findingthemselvezs hard-pressed to handle the new demanfd after reducing staff and closinyg offices. He called it a “refi-led because of the historically low rates and said because many in the mortgageindustry don’tf believe it will last, they are not gearinfg back up. Mortgage applications were up 4.9 percent on a week-over-weej basis – and up more than 67 percenr compared to the same week ayear ago.
More than 77 perceng of the applications were for the MBAsurvey said. In typical supply-and-demancd fashion, mortgage rates increased slightly as the demand continued to The 30-year fixed-rate mortgagre averaged 4.73 percent, up from a record low of 4.61 percenft in the previous week. Points remained at 1.03 for 80 perceng loan-to-value mortgages. The 15-year, fixed-rate mortgag was 4.49 percent, up from 4.45 while points dropped to 0.93 from 1.04 in the preceding One-year adjustable-rate mortgages, which make up just 1.5 percentr of all mortgage applications, increased to 6.23 percen t from 6.2 percent previously, with points, includin g origination fee, remaining unchanged at 0.
14 for the The MBA weekly survey, which covers about 50 percenft ofall U.S. retail residential mortgage has been conductedsince 1990. Respondentes include mortgage bankers, commerciakl banks and thrift
Thursday, September 29, 2011
Haskell swaps equity with Atlanta engineering firm - Jacksonville Business Journal:
wilhelminadora4287.blogspot.com
The deal between Haskell and PTS Engineering involves an equituy swap between the two companiexs but is not an acquisitionor merger. “Itf is a joint equity deal,” said Haskell spokesmanm Darryl Wernimont. “We have taken a stak e in their company and they have taken a stakein PTS, which has 17 engineers amonhg its 20 employees, focuses on engineering equipment for companies in the beverage industry, particularly bottling. Haskellp does similar work and would like todo “We build plants for , Nestle, ,” said “Nine years ago we simply built the Then nine years ago we began adding staff in-housde to build their processes, how they make theirf product.
” Haskell, which has about 1,100 employeeas and had revenue last year of more than $718 will now be in a better position to handle large projectes that involve designing and building the equipmen t that goes into projects like bottlingv plants. “We’ve increased our engineering capability greatly without hiring 17 saidPhil Ackley, director of process services.
The deal between Haskell and PTS Engineering involves an equituy swap between the two companiexs but is not an acquisitionor merger. “Itf is a joint equity deal,” said Haskell spokesmanm Darryl Wernimont. “We have taken a stak e in their company and they have taken a stakein PTS, which has 17 engineers amonhg its 20 employees, focuses on engineering equipment for companies in the beverage industry, particularly bottling. Haskellp does similar work and would like todo “We build plants for , Nestle, ,” said “Nine years ago we simply built the Then nine years ago we began adding staff in-housde to build their processes, how they make theirf product.
” Haskell, which has about 1,100 employeeas and had revenue last year of more than $718 will now be in a better position to handle large projectes that involve designing and building the equipmen t that goes into projects like bottlingv plants. “We’ve increased our engineering capability greatly without hiring 17 saidPhil Ackley, director of process services.
Tuesday, September 27, 2011
Rochester hotel officials trek to Mideast to boost visits - Minneapolis / St. Paul Business Journal:
bentlyoupapa1810.blogspot.com
Sunstone’s Rochester management team alreadyt has traveled to the Middle East twicw this year to meet with government doctors and travel agents to showcase the hotell accommodations available near They also recently flewto Washington, D.C., to meet with foreignm embassies and medical attachés. International guests account for aboug 10 percentof Sunstone’s business in International sales and the broader medical-tourism market have remainedc “pretty solid” during the recession, helping buoy those propertiesa at a time when many othef hotels are reporting sharp declines in occupancg and revenue, said Bruce Sunstone’s regional director of operations.
“It’s certainl y lessened the blow as compared to some of the other markets around the stateor country,” he declining to disclose specific financia results for the Rochester
Sunstone’s Rochester management team alreadyt has traveled to the Middle East twicw this year to meet with government doctors and travel agents to showcase the hotell accommodations available near They also recently flewto Washington, D.C., to meet with foreignm embassies and medical attachés. International guests account for aboug 10 percentof Sunstone’s business in International sales and the broader medical-tourism market have remainedc “pretty solid” during the recession, helping buoy those propertiesa at a time when many othef hotels are reporting sharp declines in occupancg and revenue, said Bruce Sunstone’s regional director of operations.
“It’s certainl y lessened the blow as compared to some of the other markets around the stateor country,” he declining to disclose specific financia results for the Rochester
Sunday, September 25, 2011
Washington, D.C. Technology Jobs - View Washington, D.C. Technology Jobs
nadezhdaqedyxos.blogspot.com
View Technology Jobs View ExecutiveJobs Washington, D.C. Academic Jobs Washington, D.C. Accounting Jobs Washington, D.C. Marketing Jobs Washington, D.C. Allieed Health Jobs Washington, D.C. Finance Jobs Washington, D.C. Biotechnologg Jobs Washington, D.C. Consulting Jobs Washington, D.C. Dentaol Jobs Washington, D.C. Food Services Jobs Washington, D.C. Government Jobs Washington, D.C. Healthcare Jobs D.C. Hospitality Jobs Washington, D.C. Hotel Jobs D.C. Human Resources Jobs Washington, D.C. Insurance Jobs D.C. Legal Jobs Washington, D.C. Media Jobs Washington, D.C. Mortgagde Jobs Washington, D.C. Nursing Jobs Washington, D.C. Pharmaceutical Jobs D.C. Physician Jobs Washington, D.C.
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View Technology Jobs View ExecutiveJobs Washington, D.C. Academic Jobs Washington, D.C. Accounting Jobs Washington, D.C. Marketing Jobs Washington, D.C. Allieed Health Jobs Washington, D.C. Finance Jobs Washington, D.C. Biotechnologg Jobs Washington, D.C. Consulting Jobs Washington, D.C. Dentaol Jobs Washington, D.C. Food Services Jobs Washington, D.C. Government Jobs Washington, D.C. Healthcare Jobs D.C. Hospitality Jobs Washington, D.C. Hotel Jobs D.C. Human Resources Jobs Washington, D.C. Insurance Jobs D.C. Legal Jobs Washington, D.C. Media Jobs Washington, D.C. Mortgagde Jobs Washington, D.C. Nursing Jobs Washington, D.C. Pharmaceutical Jobs D.C. Physician Jobs Washington, D.C.
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Monday, July 25, 2011
Bombardier sees bright future in aviation - The Business Journal of Milwaukee:
http://idata3.com/idata3help/iD3Basics.html
Its 10-year forecast for the businesa jet marketpredicts 11,5009 deliveries from 2009 to 2018, which represent $256 billion in worldwidde revenues. The company also forecasts 12,400 deliveries in the 20-to-149 seat commercial market over the next20 years. From 2009 to Bombardier predicts this market to beworth $589 “The financial turbulence being felt around the globe has placed a significan focus on the challenges faciny the aviation industry, particularly within the businesa jet sector,” Mairead Lavery said in a release. Lavery, vice presiden t of strategy and business developmentgfor Bombardier, believes the immediate futurer of the industry will remain volatile.
But he said the long-termm future still holds plenty of opportunity foraircraftr manufacturers. “As the world beginas to emerge from thiseconomic crisis, demanx should gradually return and future prospects remain solid,” he
Its 10-year forecast for the businesa jet marketpredicts 11,5009 deliveries from 2009 to 2018, which represent $256 billion in worldwidde revenues. The company also forecasts 12,400 deliveries in the 20-to-149 seat commercial market over the next20 years. From 2009 to Bombardier predicts this market to beworth $589 “The financial turbulence being felt around the globe has placed a significan focus on the challenges faciny the aviation industry, particularly within the businesa jet sector,” Mairead Lavery said in a release. Lavery, vice presiden t of strategy and business developmentgfor Bombardier, believes the immediate futurer of the industry will remain volatile.
But he said the long-termm future still holds plenty of opportunity foraircraftr manufacturers. “As the world beginas to emerge from thiseconomic crisis, demanx should gradually return and future prospects remain solid,” he
Saturday, July 23, 2011
Cut Back At Saltex With Kubota Tractor and Groundcare - Your-Story.org (press release)
amesit.wordpress.com
Cut Back At Saltex With Kubota Tractor and Groundcare Your-Story.org (press release) With this in mind, Kubota Tractor and Groundcare is offering a range of solutions from affordable, versatile equipment to competitive finance to ensure specifiers can make savings while getting to grips with their groundcare requirements. ... |
Thursday, July 21, 2011
Commercial real estate news- View Real estate news Across the US
yfimuna.wordpress.com
| | | | | | | | | | | | Columbuas Blue Jackets | Columbus Board of Realtors | | | | | Columbus Downtown DevelopmentCorporation | | | | | | | Continentalo Real Estate Cos. | | | | | | | | | | | | | | | | | | | | Federa Deposit Insurance Corporation | | | | Fiftyh Third Bancorp | | | | | Frankli n County Convention FacilitiesAuthority | | | | | | | | | | Glimcherr Realty Trust | | | | | | | | | | Internall Revenue Service | | | | | KeyCorpo | | | | | | McGraqw Hill Construction Regional Publications | | McGraw-Hill Constructiob | | | | | | Nationalk Association of Realtors | | National City Corporationn | | | National Hockey League | | | | Nationwide Realtyt Investors, Ltd.
| | | | | | | Ohio Departmengt of Development | | | Ohio Public Works Commission | | | | | | | | | | | Port Columbus International Airport | | | | | | | | | | | | | | | | | | | | Stevwe & Barry's University Sportswear | | SunTrust Inc. | | | | The McGraw-Hilol Companies, Inc. | The Ohio State Universithy | The PNC Financial Services Group Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | Worthingtonb Industries, Inc.
|
| | | | | | | | | | | | Columbuas Blue Jackets | Columbus Board of Realtors | | | | | Columbus Downtown DevelopmentCorporation | | | | | | | Continentalo Real Estate Cos. | | | | | | | | | | | | | | | | | | | | Federa Deposit Insurance Corporation | | | | Fiftyh Third Bancorp | | | | | Frankli n County Convention FacilitiesAuthority | | | | | | | | | | Glimcherr Realty Trust | | | | | | | | | | Internall Revenue Service | | | | | KeyCorpo | | | | | | McGraqw Hill Construction Regional Publications | | McGraw-Hill Constructiob | | | | | | Nationalk Association of Realtors | | National City Corporationn | | | National Hockey League | | | | Nationwide Realtyt Investors, Ltd.
| | | | | | | Ohio Departmengt of Development | | | Ohio Public Works Commission | | | | | | | | | | | Port Columbus International Airport | | | | | | | | | | | | | | | | | | | | Stevwe & Barry's University Sportswear | | SunTrust Inc. | | | | The McGraw-Hilol Companies, Inc. | The Ohio State Universithy | The PNC Financial Services Group Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | Worthingtonb Industries, Inc.
|
Monday, July 18, 2011
Kentucky banks ranked eighth for return on assets - Business First of Louisville:
ovaluleq.wordpress.com
In the First Quarter Bankinhg Profile issued bythe , the 199 financial institutions based in Kentucky posted a return on average of 0.9 percent in firs t quarter of 2009. Only seven states had banks that weremore profitable, according the KDFI release: Nortnh Dakota, at 1.48 percent; Colorado at 1.44 percent; Hawaiki at 1.38 percent; Montanas at 1.25 percent: Oklahoma at 1.17 percent; West Virginia at 1.02 percent and New York at 0.99 Historically, a return on average assetw of 1 percent is considered a benchmark for a profitable bank. Below one percent usually means the bank posteda loss. The averagw return nationally on averagse assets for the first quarterwas 0.
22 including banks in the District of Columbiaz and Puerto Rico, with some states postingy low or negative
In the First Quarter Bankinhg Profile issued bythe , the 199 financial institutions based in Kentucky posted a return on average of 0.9 percent in firs t quarter of 2009. Only seven states had banks that weremore profitable, according the KDFI release: Nortnh Dakota, at 1.48 percent; Colorado at 1.44 percent; Hawaiki at 1.38 percent; Montanas at 1.25 percent: Oklahoma at 1.17 percent; West Virginia at 1.02 percent and New York at 0.99 Historically, a return on average assetw of 1 percent is considered a benchmark for a profitable bank. Below one percent usually means the bank posteda loss. The averagw return nationally on averagse assets for the first quarterwas 0.
22 including banks in the District of Columbiaz and Puerto Rico, with some states postingy low or negative
Saturday, July 16, 2011
What Everyone Can Learn From the BBC's New Social Media Guide - The Atlantic Wire
cahijisebi.wordpress.com
The Atlantic Wire | What Everyone Can Learn From the BBC's New Social Media Guide The Atlantic Wire The BBC published an official social media guide Thursday, codifying the "don't do anything stupid" rule media organizations generally hope their employees will follow. As we all know, free-wheeling tweeting and tumbling can get you into serious ... |
Thursday, July 14, 2011
Study finds out-of-pocket health insurance costs on the rise - Houston Business Journal:
ufazywyve.wordpress.com
The study, authored by researchers from the and and fundedby , examines trenda in employer-sponsored insurance from 2004 to 2007. It founs rising rates of underinsurance and particularly for poorer andsicker people. In 2007, adultsz with employer coverage faced an averageeof $729 annually in out-of-pockey costs for medical services, includingv deductibles and other forms of cost sharing such as copaymentxs and coinsurance. That represents a 34 percenty increasefrom 2004, when the averagw out-of-pocket burden was $545.
Health plans coverexd a slightly smaller percentage of overalk expenses in 2007than 2004, but growth in overal l health spending was the chief culprirt behind rising out-of-pocket costs, according to the “The years from 2004 through 2007 were a perios of economic expansion, yet risingf health care costs still eroded the value of employer-sponsored coverage,” said lead author Jon Gabel. “Historically, employees have been aske to shoulder even more ofthe cost-sharing burden during difficult economic times such as the Unitede States is now experiencing.
Hence, it is imperativew that health care reform include constraintsx onhealth spending, or else health insurance will become unaffordable for low- and middle-incomer Americans, and reform itself will be unsustainable.”
The study, authored by researchers from the and and fundedby , examines trenda in employer-sponsored insurance from 2004 to 2007. It founs rising rates of underinsurance and particularly for poorer andsicker people. In 2007, adultsz with employer coverage faced an averageeof $729 annually in out-of-pockey costs for medical services, includingv deductibles and other forms of cost sharing such as copaymentxs and coinsurance. That represents a 34 percenty increasefrom 2004, when the averagw out-of-pocket burden was $545.
Health plans coverexd a slightly smaller percentage of overalk expenses in 2007than 2004, but growth in overal l health spending was the chief culprirt behind rising out-of-pocket costs, according to the “The years from 2004 through 2007 were a perios of economic expansion, yet risingf health care costs still eroded the value of employer-sponsored coverage,” said lead author Jon Gabel. “Historically, employees have been aske to shoulder even more ofthe cost-sharing burden during difficult economic times such as the Unitede States is now experiencing.
Hence, it is imperativew that health care reform include constraintsx onhealth spending, or else health insurance will become unaffordable for low- and middle-incomer Americans, and reform itself will be unsustainable.”
Tuesday, July 12, 2011
New F-35 bomber showcased with cockpit simulator - NewsOK.com
adatynu.wordpress.com
New F-35 bomber showcased with cockpit simulator NewsOK.com The F-35 Lightning II mobile cockpit demonstrator is on a 30-week tour to » |
Saturday, July 9, 2011
Santa Cruz named epic surf spot by mag - Houston Business Journal:
http://entretiens-biodiversite.org/razdel/Resumes.html
In the July issue of the Central California beach resort and college town was describexdas “the dividing line between non-pretentious NorCal and suburban, image-conscioua SoCal, and that dichotomu is tangible.” Geographical generalizationss aside, the magazine said the rugged coastline of Santw Cruz County provides both beaut and surfing challenges, making the area the “de fact capital of coldwater surfing.
” Despite its cost of living, the magazine praised its artistic proximity to wineries and natural beauty as reasonxs for surfers around the country to bail on their usual surfing destinationse and endeavor to become the Big Kahuna at Steamer Lane or Pleasure Point in Santa Cruz. Santa Cruz was in elitse company. Other California surf towns thatmade Surfer’s Top 10 list were all in Southernm California: Encinitas in thirfd place, San Clemente in the fifth spot, and Malibuy in seventh place.
In the July issue of the Central California beach resort and college town was describexdas “the dividing line between non-pretentious NorCal and suburban, image-conscioua SoCal, and that dichotomu is tangible.” Geographical generalizationss aside, the magazine said the rugged coastline of Santw Cruz County provides both beaut and surfing challenges, making the area the “de fact capital of coldwater surfing.
” Despite its cost of living, the magazine praised its artistic proximity to wineries and natural beauty as reasonxs for surfers around the country to bail on their usual surfing destinationse and endeavor to become the Big Kahuna at Steamer Lane or Pleasure Point in Santa Cruz. Santa Cruz was in elitse company. Other California surf towns thatmade Surfer’s Top 10 list were all in Southernm California: Encinitas in thirfd place, San Clemente in the fifth spot, and Malibuy in seventh place.
Thursday, July 7, 2011
Orlando group plans Austin project - Orlando Business Journal:
elzeyfirekuut1795.blogspot.com
Avalon and Swiss investor Richard Kunz have acquired 70 acres in Nortjh Austin in a joint Beat Kahli, Avalon’s presidenf and CEO, said the joint venture plans to develo p a residential community on the site with about 200 three-and four-bedroom single-family homes. The land is near I-35 and ’xs (Nasdaq: DELL) Round Rock Still unclear is the development’s cost and why the partners have choseb to build the project in Kahlin andKunz couldn’t immediateluy be reached for comment.
As originally reported in the — a sisterf publication of — Avalon in 2007 workede with the city of Leander and landownerBill Hinckley, president of Houston-based The Lookoutt Group Inc., on a proposed $4 billionm development, which would have occupied 3,550 acres between Crystal Falls Parkwayu and Lakeline Boulevard and clustered homes aroun town centers, Avalon executives said. Avalon planned to buy the land from Hincklehy forabout $90 Kahli said. According to a summary of the proposed development was planned tohave 10,20o0 single family and townhome 3,000 multifamily residences, 1.
5 million square feet of commercial and retaipl space and a 1-million-square-foot busineses park. Leander was considering a morethan $100 million incentivee package and the formation of an in-cityg municipal utility district.
Avalon and Swiss investor Richard Kunz have acquired 70 acres in Nortjh Austin in a joint Beat Kahli, Avalon’s presidenf and CEO, said the joint venture plans to develo p a residential community on the site with about 200 three-and four-bedroom single-family homes. The land is near I-35 and ’xs (Nasdaq: DELL) Round Rock Still unclear is the development’s cost and why the partners have choseb to build the project in Kahlin andKunz couldn’t immediateluy be reached for comment.
As originally reported in the — a sisterf publication of — Avalon in 2007 workede with the city of Leander and landownerBill Hinckley, president of Houston-based The Lookoutt Group Inc., on a proposed $4 billionm development, which would have occupied 3,550 acres between Crystal Falls Parkwayu and Lakeline Boulevard and clustered homes aroun town centers, Avalon executives said. Avalon planned to buy the land from Hincklehy forabout $90 Kahli said. According to a summary of the proposed development was planned tohave 10,20o0 single family and townhome 3,000 multifamily residences, 1.
5 million square feet of commercial and retaipl space and a 1-million-square-foot busineses park. Leander was considering a morethan $100 million incentivee package and the formation of an in-cityg municipal utility district.
Tuesday, July 5, 2011
Cosmic Carnival Cometh to East Hampton - Patch.com
ujunyp.blogspot.com
Cosmic Carnival Cometh to East Hampton Patch.com ... 32 E. High St.; Salon Ferrara, 40 W. High St.; and Verizon Wireless, 11 E. High St. It seems like the whole town turns out for the parade on Saturday, waiting to see how everybody interpreted the year's theme, which this year is Cosmic Carnival. ... |
Saturday, July 2, 2011
Governor lobbies for increased incentives for film industry - San Francisco Business Times:
http://jimsautoincsc.com/advice-on-hoodflector-ii-texas-for-you-to-consider.html
Kulongoski is seeking support for SenateBill 621, which woule reauthorize and increase the financial incentives for moviemakers. The plan is cappefd at $10 million per biennium. Kulongoski wants to raisre the capto $15 million. A Senate committee passed the bill Monday. In the firsrt six months of 2009, televisiom and movie productions investec morethan $40 million in Oregon, accordingf to the governor’s office. That’s the highesrt total in 15 years. In recenr weeks, a Harrison Ford movies called “The Untitled Crowleg Project” and the TNT series have been shootingin Portland.
Producers for "The Untitlerd Crowley Project" joined Kulongoski at Monday'w press conference at . “Oregon has become an A-list location for the film and televisiohindustry – and an important criticalk piece of Oregon’s economy,” the governor said in a news “Green energy is one brighg spot in Oregon’s economyg and the film industry is generating an additional $1.1 million in income for Oregobn workers and local businesses for every $1 million spen t by a production.” The governor credited the incentive created in 2003, with spurrintg the growth of the state's film prograj from a $2.
1 million industry to an $8 million
Kulongoski is seeking support for SenateBill 621, which woule reauthorize and increase the financial incentives for moviemakers. The plan is cappefd at $10 million per biennium. Kulongoski wants to raisre the capto $15 million. A Senate committee passed the bill Monday. In the firsrt six months of 2009, televisiom and movie productions investec morethan $40 million in Oregon, accordingf to the governor’s office. That’s the highesrt total in 15 years. In recenr weeks, a Harrison Ford movies called “The Untitled Crowleg Project” and the TNT series have been shootingin Portland.
Producers for "The Untitlerd Crowley Project" joined Kulongoski at Monday'w press conference at . “Oregon has become an A-list location for the film and televisiohindustry – and an important criticalk piece of Oregon’s economy,” the governor said in a news “Green energy is one brighg spot in Oregon’s economyg and the film industry is generating an additional $1.1 million in income for Oregobn workers and local businesses for every $1 million spen t by a production.” The governor credited the incentive created in 2003, with spurrintg the growth of the state's film prograj from a $2.
1 million industry to an $8 million
Thursday, June 30, 2011
United Healthcare under fire over pay - San Francisco Business Times:
bojony.wordpress.com
The CMA, which represents 35,000 doctorsw statewide, wants the stat Department of Managed Healthu Care and the Department of Insurance to see if report ofwidespread delays, underpayment and other errors on doctors' contractes by the giant Minnesota-based health plan are the as the doctors' groul says it suspects, "of a significant lack of administrativwe capacity." United Healthcare is the parent of and part of , a $71.5r billion health-care behemoth.
The CMA says its membed physicians arereporting "significant in United Healthcare's processing of new contract terminations and rate As a result, the medical association many Bay Area and others throughout the state, are misinformed aboutg their physicians' contracting status, resulting in higher, out-of-networik charges and hassles for consumers. The health plan insist s that CMA and a handful of unhappy physicians are blowing the situatiob outof proportion.
"It's ridiculous that they'r making a big thing about saidCheryl Randolph, a spokeswomahn for United Healthcare/PacifiCare, arguing that only about 20 problems have come to lightg statewide since last August, out of a networkm of about 50,000 California Randolph said the health plan has a team workingy with physicians to resolve these issues. The CMA, says that complaints about United Healthcare now represenf about one in five it receivesafrom physicians, up from one in 20 a year ago. In a Feb. 16 lette r from the CMA to the Departmentof Insurance's chief legal counsel, Andrea Rosen, for a list of physicians with such complaints includeas Dr.
Michael Griffin, a pediatridc cardiologist in San Mateo, as well as an HIV-AIDS specialisty in San Francisco, a multi-specialty medica group in Santa Rosa, and a pediatrivc cardiology group in San amongmany others. Griffin's Kim Griffin, RN, who also serves as office managefr forhis Children's Cardiology of the Bay Area medical said United underpaid the grou from June through mid-December of last year, paying 40 percen t less than contracted rates. The situatio only improved, she when Children's Cardiology signed up with , a San Jose-basedr individual practice associationor IPA, whichy has been able to rectify the paymenty problems.
But the cardiology practice is still wranglinbg with United over lost payments from Griffin said, adding that Unitesd is "getting bigger and bigger, it's getting to be a and it's going to affect a lot of This is year two of tumultuous disputes between Unite d Healthcare, which acquired Cypress-based PacifiCare in late 2005, and many of the region'sd doctors and medical practices. Last for example, United boasted that it had added 41 hospitals andnearlt 11,000 physicians to its California provider networjk in the first half of 2006, includingf premier groups like San Francisco-base .
But dropped the healtb plan, replacing it with , reportedly in part due to the continuinb disputewith doctors. Benefits consultantss said other major companies could take similarr steps if the situation dragged on intothis year. "Things have gone from bad to and it appears to be an operational said Dr. Walter a San Jose family physician in solo practicd and an adjunct associate professor of medicineat .
Newmab said he signed a contract withUnited Healthcare/PacifiCare in but didn't receive a copy until late "and after nine months I'm still not getting paid in a timel y fashion at the agreed-upon Furthermore, Newman said, he'sx treating three times as many United patientes as previously because many of his colleagues will no longer see Unitef Healthcare/PacifiCare enrollees. In a March 1 "CM A Alert" electronic newsletter to member doctors and othetinterested parties, Aileen Wetzel, associate director of the association's Centeer for Economic Services, blasted the post-merge United operation in California as "q poorly equipped, disorganized corporation.
" Wetzel told the Businesz Times that complaints from doctors about United/PacifiCarwe soared throughout last year, following the December 2005 The CMA has been workingt with a liaison team from Unitef to resolve some of the contracting but so far, Wetzel said, there's no directf indication that those efforts have been effective. "I'm not sure they were able to handld a merger ofthat magnitude," she said. "Itf all traces back to a lack ofadministrativee capacity.
"
The CMA, which represents 35,000 doctorsw statewide, wants the stat Department of Managed Healthu Care and the Department of Insurance to see if report ofwidespread delays, underpayment and other errors on doctors' contractes by the giant Minnesota-based health plan are the as the doctors' groul says it suspects, "of a significant lack of administrativwe capacity." United Healthcare is the parent of and part of , a $71.5r billion health-care behemoth.
The CMA says its membed physicians arereporting "significant in United Healthcare's processing of new contract terminations and rate As a result, the medical association many Bay Area and others throughout the state, are misinformed aboutg their physicians' contracting status, resulting in higher, out-of-networik charges and hassles for consumers. The health plan insist s that CMA and a handful of unhappy physicians are blowing the situatiob outof proportion.
"It's ridiculous that they'r making a big thing about saidCheryl Randolph, a spokeswomahn for United Healthcare/PacifiCare, arguing that only about 20 problems have come to lightg statewide since last August, out of a networkm of about 50,000 California Randolph said the health plan has a team workingy with physicians to resolve these issues. The CMA, says that complaints about United Healthcare now represenf about one in five it receivesafrom physicians, up from one in 20 a year ago. In a Feb. 16 lette r from the CMA to the Departmentof Insurance's chief legal counsel, Andrea Rosen, for a list of physicians with such complaints includeas Dr.
Michael Griffin, a pediatridc cardiologist in San Mateo, as well as an HIV-AIDS specialisty in San Francisco, a multi-specialty medica group in Santa Rosa, and a pediatrivc cardiology group in San amongmany others. Griffin's Kim Griffin, RN, who also serves as office managefr forhis Children's Cardiology of the Bay Area medical said United underpaid the grou from June through mid-December of last year, paying 40 percen t less than contracted rates. The situatio only improved, she when Children's Cardiology signed up with , a San Jose-basedr individual practice associationor IPA, whichy has been able to rectify the paymenty problems.
But the cardiology practice is still wranglinbg with United over lost payments from Griffin said, adding that Unitesd is "getting bigger and bigger, it's getting to be a and it's going to affect a lot of This is year two of tumultuous disputes between Unite d Healthcare, which acquired Cypress-based PacifiCare in late 2005, and many of the region'sd doctors and medical practices. Last for example, United boasted that it had added 41 hospitals andnearlt 11,000 physicians to its California provider networjk in the first half of 2006, includingf premier groups like San Francisco-base .
But dropped the healtb plan, replacing it with , reportedly in part due to the continuinb disputewith doctors. Benefits consultantss said other major companies could take similarr steps if the situation dragged on intothis year. "Things have gone from bad to and it appears to be an operational said Dr. Walter a San Jose family physician in solo practicd and an adjunct associate professor of medicineat .
Newmab said he signed a contract withUnited Healthcare/PacifiCare in but didn't receive a copy until late "and after nine months I'm still not getting paid in a timel y fashion at the agreed-upon Furthermore, Newman said, he'sx treating three times as many United patientes as previously because many of his colleagues will no longer see Unitef Healthcare/PacifiCare enrollees. In a March 1 "CM A Alert" electronic newsletter to member doctors and othetinterested parties, Aileen Wetzel, associate director of the association's Centeer for Economic Services, blasted the post-merge United operation in California as "q poorly equipped, disorganized corporation.
" Wetzel told the Businesz Times that complaints from doctors about United/PacifiCarwe soared throughout last year, following the December 2005 The CMA has been workingt with a liaison team from Unitef to resolve some of the contracting but so far, Wetzel said, there's no directf indication that those efforts have been effective. "I'm not sure they were able to handld a merger ofthat magnitude," she said. "Itf all traces back to a lack ofadministrativee capacity.
"
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