Thursday, June 30, 2011

United Healthcare under fire over pay - San Francisco Business Times:

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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.
"

Tuesday, June 28, 2011

Governor reveals gaming proposal - Dayton Business Journal:

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That is one of the details of the governor’a proposed VLT legislation, which was revealed Tuesday. Starting Jan. 1, taxpayers would get an individual income tax credit equal to 50 percenyt of the tax they pay ontheir vehicles, not to exceed $500 per tax The credit would cost the state about $30 milliobn annually. Starting Jan. 1, 2011, active duty militaryg personnel would be exempt from individualincome tax, whichg would cost the state about $18 million Currently, active duty personnel are exemptex from paying income tax only when they are servin in a combat zone.
In a press Beshear said he hoped his plan woul d help retainthe 100,000 jobs and $4 billion in annual economi c impact that “Kentucky’s signature horseracing gives to the state. Fourteen and a half percent of the revenu generated from VLTs would support equine interests through pursw supplements andother incentives. One perceny would go to a newly created EquineBreed Authority, which woule promote non-racing breeds and economic development opportunities within the Each track would pay an initial application fee of plus license fees that woulsd generate $360 million for the state’s General Fund. Licensinb would be for 10 years with subsequent five-year renewals.
would pay an initial application feeof $25,000o plus an additional license fee of $75 as would Lexington’s Keeneland/Red Mile Florence’s Turfway Park would pay the highestf license fee in the state, $100 million.

Sunday, June 26, 2011

Horizon Lines to pay $20M settlement - Charlotte Business Journal:

exceeding-commissioner.blogspot.com
Members of the class-action suit who have contracts in the Puertpo Rico trade with Horizo Lines have the option of having theitr base rates frozen fortwo years, insteafd of receiving cash from the All class members will be eligible to sharer in the $20 million cash component, but only contractt customers of Horizon Lines woulcd be eligible for the base-rate freeze. Horizon Lineds says it has amended its credit agreement to covedr the cost ofthe settlement, which is subject to courr approval. Last month, three former executives of Horizon Lines and a formert Sea Star Line officer were sentenced to prisonj termsfor price-fixing, accordinb to The Journal of Commerce .
The threes Horizon executives had pleaded guiltyy to charges of conspiracy to eliminate competitionh and raise prices for moving freigh between the continental United States andPuertk Rico. The sentences ranged from seven to 34 InApril 2008, federal officials raided the offices of Horizon Lines and two otherf shippers as part of an investigation of pricing practicez on Puerto Rico routes. Four shippinb companies control almost all of the traffic on the route s toPuerto Rico. The routesw are subject to U.S. law that restrictds shipping betweenthe U.S. mainland and marketz such as Alaska, Hawaii and Puerto Rico to carrier that are wholly ownedby U.S.
Several class-action lawsuits relating to ocean-shipping servicees in the Hawaii and Guam tradelanez and the Alaska tradelane have been file againstHorizon Lines. The compan y says it intends to vigorously defend itself against those HorizonLines (NYSE:HRZ) is based in Charlotte. The compan y operates a fleet of U.S.-flag containerships and port terminalsd linking the mainland United Statesto Alaska, Hawaii, Puertoi Rico, Guam and Micronesia.

Thursday, June 23, 2011

Apple Snow Leopard update sets stage for Lion - Register

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Apple Snow Leopard update sets stage for Lion

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Tuesday, June 21, 2011

House chair criticizes SBA

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The SBA announced it temporarily will allow auto dealers to useits 7(a) business loan program to finance vehiclde inventory. Many lenders had stopped making these so-called floorplan loans to auto Rep. Nydia Velazquez, D-N.Y., who chairs the , feards “there is a significantly higher risk ofloan defaults” on thesr floorplan loans. This couldc force the SBA to increase the subsidgy ratefor 7(a) loans, which woule make the loans costlier for futurw borrowers.
In a June 2 letter to SBA AdministratodrKaren Mills, Velazquez notee the SBA had “long prohibited the use of its financin programs for the purpose of wholesale lending, and for good Because lenders are limited in their ability to exercisre full control over the financed the exposure to loss in floorplan loanzs is greater than in other typesa of financing.”

Sunday, June 19, 2011

City

http://itabhi.com/pm.htm
Philadelphia-based LLC’s efforts to redevelop McCormick & Co.’s former spicwe plant overlooking Baltimore’s Inner Harbor have been hampered by economicd concerns including a tighrt financing market and the reluctance of companies to inves inspeculative projects. To resuscitate the $500 million development, Arc Wheeler says it is seekingh an equity investment from either a commercial developer with experience building office towers or a hotel brand willing to buy into theprojectr — not just operate a hotel in an Arc Wheeler-ownef building.
Both of those will be toughh sells in the currenteconomic climate, but one of the two must happe before the developer can start constructionj on its skyline-altering tower. “We need to come up with somethingh wecan build,” said John Voneiff, directot of Southeast operations for Arc “We’re committed to this We’re committed to the project on a long-term but we haven’t decided what it’ds going to be.” Arc Wheeler has retained in Baltimorwe to help find financing for the project, said Reznick Senior Associate Michael Pokorny. The projecy at 414 Light St. was to reacj 59 stories and include as many as 600 retail space and aboutiquee hotel.
The building’s groundbreaking was originally set forlate 2007. That was back in during the height ofthe city’s residentialk boom. The much-praised announcementy coincided with other condominium projects likethe , Silo Point and the planned at Harbor The developer bought the 2-acr e site from in September 2006 for $25 million. Arc Wheeledr borrowed $23 million from in connection with thepurchase and, in Marcuh 2008, increased the amount of that loan to $24.2 according to Circuit Court for Baltimord City land records.
In July 2007, when the city’d housing market slowed, Arc Wheeler scaledf back on the number of condos and set asidre upto 500,000 square feet for office Now, Voneiff said, plans for the towe have been further scaled back to an either-otr situation. Both scenarios will includde residential andretail space, but the developer would only builcd office space or a hotel; not both. The developer recently commissioned new architectural renderings for the buildinfg and has met with officials from the and Downtowh Partnership ofBaltimore Inc. to discuss the project’s status.
ARC Wheeler is knowmn for its residential projects, which includd 10 Rittenhouse Square, a $250 33-story condominium development in Philadelphia, and the in Baltimore where the company isspending $60 million to converr the structure into a 208-room by . ARC Wheeler has reachedr out to a number of commercia l developers for help on theskyscrapert project, among them suburban Philadelphia-based . Liberty, a real estated investment trust with more than 73 million square feet of office and industrial space inits portfolio, recently completed constructiomn of the 58-story in Voneiff said ARC Wheeler believes Libertyg could be a strong development partner, but he said ARC Wheelerd has not entered into negotiations with any development partners.
“Wer are not an office builder; we are not a compang that owns office space andleases it,” he said. “Wee would probably want somebody with us that know s somethingabout it.” John Gattuso, regionall director of Liberty’s urban developmentr group, said he is familiar with ARC Wheeler’z plans but declined to commen on the prospect of a partnership betwee n the two firms. Voneiff stressed that bringinvg on a commercial development partnedr depends onARC Wheeler’s ability to find a lead offic tenant.
That means the developer woul need to find tenantsx to take as much as 40 percent ofthe 500,009 square feet of proposefd office space — or about 200,000o square feet — before it can hope to find financinvg for the project or justify the tower’s construction, said Robert A. , director of brokerage and investmeng servicesfor Columbia-based Manekin LLC. Manekin said Baltimore’as office market is not strong enough to builx that much officespace speculatively, withouyt any tenants lined up, makinh pre-leasing activity essential to its success.
Thers aren’t many firms in Baltimore with that large of aspacw demand, Manekin said, and Arc Wheeler’s projectf would compete with other planned towers also seeking lead Those other projects include 300 E. Pratt St. and One Lighg St., smaller structures that could be built at a lowef rental rate forprospective tenants, Manekin “If the project goes to an office use, Arc Wheeler will have to bring in a joint-venture partner with a demonstrated track record,” Manekihn said. “The credit markets are not goinb to lend on an officeproject that’zs the first major development for a residential firm.
” If ARC Wheelerd wants to build an office tower and finance the project, it would need to find a commerciap developer to partner with, said Bob Seiwert, senior vice presiden t at the ’s Center for Commercial Lending and Businesd Banking. Seiwert, who previously workedr for 30 years in regional andnational banking, said at presenrt ARC Wheeler’s chances of financing a $500 million office towe r “are slim to He said the projecgt has several marks against it, key among them ARC Wheeler’w inexperience in building commercial office towersw and the lack of an anchor That’s not to say the projecf is unrealistic, Seiwert said, particularly with the formere McCormick plant’s central location between the Inner Harbofr and Oriole Park at Camdebn Yards.
ARC Wheeler has retained of Lutherviller to marketthe project’s office while the developer is marketing the structure on its own to potentiapl hotel brands. Jeffrey R. a broker with Preston Partners, said he is in talkse with “several interested prominenf tenants in Baltimore and we want to give them the opportunitu to think about whethetr they are or arenot interested.” Pacy declined to identify the prospectivre tenants but said all are based in Greater Baltimore.

Thursday, June 16, 2011

Sequella starts new drug trials - Baltimore Business Journal:

http://www.turismagency.com/content/view/80/794/
After finding that its tuberculosiz drug was safe in a single dose twoyears ago, the Rockville biotech has now begun dosing the firstt of three groups of volunteers in a first-phasew trial to test the drug’s safety when taken on a dail y basis. The drug, which has earned fast-trac k and orphan drug status from the Food and Drug is aimed atfighting drug-sensitivde and drug-resistant strains of The at the is conducting the stud through a contract with Dynport Vaccine Co. LLC. The trialo will take place at the Quintilesa Transnational Phase 1 facility inOverland Kan., the same location as the first trials in 2007.
In Sequella is in its final stages of testing a skin patcbh todiagnose tuberculosis, a product it hopesa to start selling to developing countries by early next year, and recentl y received more than $2.3 millionb in NIH grants to develop two more TB still in preclinical stages.

Tuesday, June 14, 2011

Google Wants To Get Inside Your Head - Gizmodo

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Google Wants To Get Inside Your Head

Gizmodo


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Sunday, June 12, 2011

General Cable

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Kenny exercised stock options for 48,000 sharess with a $4 exercise price on Mondau and immediately sold them for an averages priceof $39.58. That netted him $1.7 million before He then soldanother 7,101 shareas on Tuesday for about $40.32 each for an additional His timing was as General Cable's stock price had been rising steadily from a 2009 low of aboug $14 in early March. It peakedc Tuesday at more than $41 then lost ground on Wednesday, fallinbg $2.30 to less than $39, as the broaderf market also declined. According to the company'zs latest proxy statement, as of March 1, Kennyu beneficially owned morethan 600,000 shares of Generao Cable stock.
That included about 66,000 restricted shares over whicjh he hadvoting power, 143,000 options exercisable within 60 days, and 340,000 sharews deferred under its deferred compensation plan. Generalk Cable (NYSE: BGC), based in Highland is a global manufacturer of cable and wire productxs forthe energy, telecommunications and specialty industria l markets.

Friday, June 10, 2011

City Council to consider range of Branch developments - Charlotte Business Journal:

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The Charlotte real estate developmen t company led by Chris Branch has askedfor one-montj deferrals on a pair of rezoningy requests for 1.77 acres on the west side of Nortn Cedar Street between West Fifth and Cates streetse and for 2.94 acrews on the southeast corneer of North Clarkson and Cates streets. Threed other rezoning requests should get thegree light. An approval with conditions has been recommendedfor Branch'se plans for an officee building on a triangular-shaped parcel near the Carolinas Medical Center. Branch is cappec at constructinga 50-foot-tall, 30,000-square-footy office building on less than half an acre at 1301 Kenilwortjh Ave.
The was given the right to revieww elevation plans for the developmenf that will front both Kenilworth andScott avenues. The city stafc also supports rezoning land alonbgthe south-corridor light-rail tracks at Camden South Tryon Street and West Summit Avenue in Souty End, where Branch is considering offices in the parking lot next to his Fowlerd Building. Also cleared for approval: a change in zoning for an acre at South Church and Lincoln streets to allow residential and more commerciak development than iscurrently allowed. A vote to allo changes to the proposed Citadin residentiall condo project in Fourth Ward is also set forMonday night'zs zoning meeting.
The project'es developer -- Charlotte-based , unded the limited partnership Fourth Ward SquarewAssociates -- has asked to boost the tower'a size to 550 units, from the 424 previouslyu approved. Commercial space would also be increasedby 50% to 30,000 squares feet. Both the Charlotte-Mecklenburg planninhg staff and the zoning committeer supportthe project, proposed for the entire block boundede by North Graham, West Eighth, North Smity and West Ninth streets. The 3.54-acre site is home to a rentall complex. Only one resident attended a Dec.
5 community meetinv regarding the changes, according to city The revisions showa 140-foot-tall tower instead of the previously proposed cluster of five to sevem buildings to be constructedx in phases. On Thursday, will host a preview partt for its latestdevelopmeng project, Silos at South End. Silo includes both residentiao and commercial condos for sale alongthe light-raill line. The development sits close to the NewBern station, next to the proposedc expansion of Poindexter Drive. Thursday's eventt starts at 5 p.m. at the Charlotte Art Leaguee at 1517Camden Road. A silent auction will be held to supporflocal artists. Details: 779-6251.
A publicist declines to disclose details on the number of sizes andprice points, saying plans are still preliminary. The project's rezoning requesrt is among 47 listecfor Monday's City Council meeting. Both the city staff and the zoninh committee support the request forthe 1.5-acrs site. Charlotte's chapter of is hoping to build on its New Year's resolutions, holdingh its next cocktail event at Crowhn Athletic Club in Founders Hall uptown. The networkinyg event should exercise more than justsocial skills. Organizers promisd a nutrition seminar. But don't worry, drink s will still be on hand. Heavy lifting of some kind will start Thursday at6 p.m.
Details: E-mai l Jennifer Ross at Jennifer.ross@rsmi.com or call 442-3809. RSVP by

Tuesday, June 7, 2011

Precast stone wall manufacturer files bankruptcy petition - The Business Review (Albany):

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that manufactures precast stone walles has filed for Chaptedr 11bankruptcy protection. Stone Cast, located at 51 Boulevard, has $564,00 0 in debts and less than $50,000 in assets, according to a petitioh filed June 29in U.S. Bankruptcy Court in Albany. The compangy has a $289,000 mortgage with and a $275,000 mortgage with the , according to the petition . Company president Terry Karanikas couldn’t be reached for comment. The company’ telephone has been temporarily “They’ve suspended business activities on the productionn oftheir walls,” Warren County Planning Directorf Patricia Tatich said. She said the company has been in businesws sinceabout 2000.
A couple of yearas after it was started, the Warren County LDC provided a loan. In turn, Stone Cast was supposexd to grow to15 employees. The company had some but also ran into problems with work it was doing for customersd in NewYork City. “The liked his product but breaking into the marker down therewas difficult,” Tatich said. The attorney who filefd the bankruptcy petition, Michael J. Toomey in Glens Falls, couldn’yt be reached for comment.

Sunday, June 5, 2011

Land purchased for new Yolo County Courthouse by state - Daily Democrat

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Land purchased for new Yolo County Courthouse by state

Daily Democrat


Purchase by the state of the site for the new Woodland courthouse was completed this past week, with close of escrow and the state's $2.52 million payment to the Redevelopment Agency of the city of Woodland. Former occupants of the city block bounded ...



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Friday, June 3, 2011

Sandridge Introduces Fresh & Delicious, Better-For-You Products - PR Newswire (press release)

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Sandridge Introduces Fresh & Delicious, Better-For-You Products

PR Newswire (press release)


MEDINA, Ohio, June 2, 2011 /PRNewswire/ -- Continually delivering solutions to meet the consumer demand for lighter and healthier food, Sandridge is pleased to introduce its new line-up of better-for-you options available for retail and foodservice. ...



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