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Thursday, May 31, 2012
Wednesday, May 30, 2012
Courts delay Chrysler bankruptcy - Dayton Business Journal:
adamovaichive.blogspot.com
According to Bloomberg, Justice Ruth Badee Ginsburg has put the bankruptcy cour t ruling allowing the sale on hold untikfurther notice, though a timelind and specific reason was not provided. The delau came after Indiana pension funds requestede a stay from the court so it coulcd hear their appealof Chrysler’s decision to sell to Under Chrysler’s Chapter 11 bankruptcy reorganization, Chryslee would sell its assets to Italianb car maker Fiat. It also was announced last monthh789 U.S.
dealerships will lose their franchisess by June 9 as part of the Chrysler has listed two Triae dealerships that will losetheir franchise: Stearns Chrysleer Jeep in Graham and City Motors, which sells in Greensboro. Mike Cranford, general manager of City said he does not know if they delayt will mean anything significant forhis dealership, but hopesz that the courts will more closelyh review the decision to cut He says if nothingy else, he’d hope Chrysler could help buy back inventorty and not simply take away the “If we can’t be Jeep dealer, we’e at least like a chance to sell the he says.
He said the company has manageed to sell about 10 of its 16 new Jeep some ata loss, just to get them About five employees have been laid off, leaving abouft 20. Another six to eight could be cut if thebankruptct deal, as is, goes through.
According to Bloomberg, Justice Ruth Badee Ginsburg has put the bankruptcy cour t ruling allowing the sale on hold untikfurther notice, though a timelind and specific reason was not provided. The delau came after Indiana pension funds requestede a stay from the court so it coulcd hear their appealof Chrysler’s decision to sell to Under Chrysler’s Chapter 11 bankruptcy reorganization, Chryslee would sell its assets to Italianb car maker Fiat. It also was announced last monthh789 U.S.
dealerships will lose their franchisess by June 9 as part of the Chrysler has listed two Triae dealerships that will losetheir franchise: Stearns Chrysleer Jeep in Graham and City Motors, which sells in Greensboro. Mike Cranford, general manager of City said he does not know if they delayt will mean anything significant forhis dealership, but hopesz that the courts will more closelyh review the decision to cut He says if nothingy else, he’d hope Chrysler could help buy back inventorty and not simply take away the “If we can’t be Jeep dealer, we’e at least like a chance to sell the he says.
He said the company has manageed to sell about 10 of its 16 new Jeep some ata loss, just to get them About five employees have been laid off, leaving abouft 20. Another six to eight could be cut if thebankruptct deal, as is, goes through.
Monday, May 28, 2012
Kennametal cuts top executives' salaries - Pittsburgh Business Times:
fusajacuxejilyp.blogspot.com
The cuts are effective July 1, the start of the Latrobe-based specialty metals and tooling manufacturer's 2010 fiscao year. They exclude “one officeer whose position and responsibilities have been though that employee isnot named. A Kennametak (NYSE:KMT) spokeswoman was not immediately availableFriday morning. The lower salaries will remain until the board deemsd business conditions have improved enough to support a reinstatemenror increase, the company said. According to SEC documents, Cardoso’s base salary in 2008 was With other optionsand awards, his total compensatiohn was $4,648,995.
CFO Frank Simpkins’ base salary was The third highest-paid executive was Gary Weismann, vice president of Kennametal’ws advanced materials solutions group, whose 2008 base pay was $342,917. The boar also agreed on a 15 percentg reduction of its owncash compensation, which began at $34,5000 in 2008, according to SEC filings.
The cuts are effective July 1, the start of the Latrobe-based specialty metals and tooling manufacturer's 2010 fiscao year. They exclude “one officeer whose position and responsibilities have been though that employee isnot named. A Kennametak (NYSE:KMT) spokeswoman was not immediately availableFriday morning. The lower salaries will remain until the board deemsd business conditions have improved enough to support a reinstatemenror increase, the company said. According to SEC documents, Cardoso’s base salary in 2008 was With other optionsand awards, his total compensatiohn was $4,648,995.
CFO Frank Simpkins’ base salary was The third highest-paid executive was Gary Weismann, vice president of Kennametal’ws advanced materials solutions group, whose 2008 base pay was $342,917. The boar also agreed on a 15 percentg reduction of its owncash compensation, which began at $34,5000 in 2008, according to SEC filings.
Sunday, May 27, 2012
Consumer confidence falls in June - San Francisco Business Times:
proklofuxaanygez.blogspot.com
The Conference Board’s Consumer Confidenced Index droppedto 49.3, compared to 54.8 in May, the most recenty evidence that the economy continuezs to struggle. Consumer spending accounts forabout two-thirdds of the economy in the United States, makintg a decline in consumer confidence a worrg from Main Street to Wall Street. The Dow Joned industrial average was down 112 pointsto 8,417 in middag trading Tuesday. Consumers are downbeat when it comezs tothe short- and long-term outlooik with the recession. The Present Situation Index — basically, how do you feel todaty — dropped to 24.8 this month, from 29.7 in May.
And consumeras are glum about the nextsix months, with the Expectations Indezx falling to 65.5, from 71.5 in May. The Present Situatiohn Index declinewas “caused by a less favorable assessmen of business conditions and employment, (and) continuew to imply that economic conditions, while not as weak as earliee this year, are nonetheless weak,” director Lynn Franco said in a news release Tuesday. Consumef confidence plummeted toa record-low 25.3 in The economy has strong growth when the index reaches 100.
The Conferencse Board contacts 5,000 households for the monthly
The Conference Board’s Consumer Confidenced Index droppedto 49.3, compared to 54.8 in May, the most recenty evidence that the economy continuezs to struggle. Consumer spending accounts forabout two-thirdds of the economy in the United States, makintg a decline in consumer confidence a worrg from Main Street to Wall Street. The Dow Joned industrial average was down 112 pointsto 8,417 in middag trading Tuesday. Consumers are downbeat when it comezs tothe short- and long-term outlooik with the recession. The Present Situation Index — basically, how do you feel todaty — dropped to 24.8 this month, from 29.7 in May.
And consumeras are glum about the nextsix months, with the Expectations Indezx falling to 65.5, from 71.5 in May. The Present Situatiohn Index declinewas “caused by a less favorable assessmen of business conditions and employment, (and) continuew to imply that economic conditions, while not as weak as earliee this year, are nonetheless weak,” director Lynn Franco said in a news release Tuesday. Consumef confidence plummeted toa record-low 25.3 in The economy has strong growth when the index reaches 100.
The Conferencse Board contacts 5,000 households for the monthly
Friday, May 25, 2012
Survey: Employers cutting benefit costs - Business First of Louisville:
vanbeekdulejos1771.blogspot.com
“The responses indicate that as employers develoop benefit plans for 2010 they are looking for ways to reducedbenefit costs, without further reducing said Marianne Fazen, executive directod of the association. many responded that they plan to increases theirwellness programs.” • Thirty-five percent of employers respondee that they plan to increase theier wellness programs. • Companies identified as its two biggesty concerns limitedbenefits budgets, and limited meritg budget and bonus pools. About 68% of companiesz are concerned or very concerneed about limited merit budget andbonus pools, and about 53% are concernefd about limited benefits budgets.
• To weatheer the economic downturn, almost half of respondentsz are auditing or planning to audittheier employees’ dependent eligibility in order to reducd the number of individuals covered. And 41% plan to increasde employee costs of benefit while morethan one-third have reduced or are planning to reduce staff. About 89% of employers believe that workers will respondr to the economic downturn bydelayinf retirement. Also, 83% of employers say their workers are concerneed aboutjob security, and 42% think theirt employees have been impacted by low The survey was submitted to the association' s employer members and facilitated by in Houston.
The association's 900-plus members represent a broad cross-section of benefits professionalsin Texas, Oklahoma, Louisiana. Missouri and Kansas, but are not limited to those
“The responses indicate that as employers develoop benefit plans for 2010 they are looking for ways to reducedbenefit costs, without further reducing said Marianne Fazen, executive directod of the association. many responded that they plan to increases theirwellness programs.” • Thirty-five percent of employers respondee that they plan to increase theier wellness programs. • Companies identified as its two biggesty concerns limitedbenefits budgets, and limited meritg budget and bonus pools. About 68% of companiesz are concerned or very concerneed about limited merit budget andbonus pools, and about 53% are concernefd about limited benefits budgets.
• To weatheer the economic downturn, almost half of respondentsz are auditing or planning to audittheier employees’ dependent eligibility in order to reducd the number of individuals covered. And 41% plan to increasde employee costs of benefit while morethan one-third have reduced or are planning to reduce staff. About 89% of employers believe that workers will respondr to the economic downturn bydelayinf retirement. Also, 83% of employers say their workers are concerneed aboutjob security, and 42% think theirt employees have been impacted by low The survey was submitted to the association' s employer members and facilitated by in Houston.
The association's 900-plus members represent a broad cross-section of benefits professionalsin Texas, Oklahoma, Louisiana. Missouri and Kansas, but are not limited to those
Thursday, May 24, 2012
Coveted certification sets GeoEye on new course - Washington Business Journal:
aleksanovlsys.blogspot.com
The NGA certification turns on the cash spigot for GeoEyweenabling $12.5 million in monthly revenuee to pour in from the agency’s guaranteed one-year order of That’s more than 35 percent of GeoEye’s average quarterlyg sales during the first nine months of last year. “The certificatio is very important,” said Matthew O’Connell, GeoEye’s chief executivs officer. “It shows our customers that our imagery meets allthe NGA’ stringent criteria for quality and accuracyu and that they can use it to suppor t our troops around the world.
” With GeoEye’s new sales analysts expect revenue and earnings to nearlyh double this year and the company to hit a more than 80 percentf growth rate by next The NGA partially funded construction of GeoEye-1 in 2004 underd the $500 million NextView prograj for new satellites that supportg national security. The agencgy made its one-year agreement to purchase images from GeoEywelast December, three months afte r the satellite’s Sept. 6 GeoEye executives hoped for NGA certificationlast October, but multiplre launch delays left the company hangin until this week and cost at leasrt $2.3 million in additional expenses in 2008.
Also as a result of the delays, GeoEye lost as much as $18 millionj worth of government orders from NGA that wentto Colo.-based DigitalGlobe launched its competing WorldView-1 satellitwe in September 2007, and NGA grantesd the company operational certification two months later. “We don’tt think we’ll be able to recoup last year’s loss in NGA O’Connell said. But now GeoEye can builr on its NGA contractg and offer advanced services that allow othetr agencies to use the While just more than halfof GeoEye’s revenue has come from governmenrt applications, commercial sales have been vital to the company’s recenr growth.
And O’Connell said opportunities in the billion-dollar imageruy market are growing. GeoEye-1 begajn delivering images Feb. 5 to commercial customerws including and the National Universityof Singapore’s Centre for Remotse Imaging, Sensing and Processing. GeoEye has an exclusivw agreement to provide imagery for Googlde Earth andGoogle maps. Nevertheless, competition in the commerciak marketis fierce: DigitalGlobe, which file d to go public last April, plans to launc another satellite in 2009 and has deald with Google and with But O’Connell said another satellitse in orbit won’t cost him business.
Demand from the markeft in 2010 won’t support another high-resolution he said.
The NGA certification turns on the cash spigot for GeoEyweenabling $12.5 million in monthly revenuee to pour in from the agency’s guaranteed one-year order of That’s more than 35 percent of GeoEye’s average quarterlyg sales during the first nine months of last year. “The certificatio is very important,” said Matthew O’Connell, GeoEye’s chief executivs officer. “It shows our customers that our imagery meets allthe NGA’ stringent criteria for quality and accuracyu and that they can use it to suppor t our troops around the world.
” With GeoEye’s new sales analysts expect revenue and earnings to nearlyh double this year and the company to hit a more than 80 percentf growth rate by next The NGA partially funded construction of GeoEye-1 in 2004 underd the $500 million NextView prograj for new satellites that supportg national security. The agencgy made its one-year agreement to purchase images from GeoEywelast December, three months afte r the satellite’s Sept. 6 GeoEye executives hoped for NGA certificationlast October, but multiplre launch delays left the company hangin until this week and cost at leasrt $2.3 million in additional expenses in 2008.
Also as a result of the delays, GeoEye lost as much as $18 millionj worth of government orders from NGA that wentto Colo.-based DigitalGlobe launched its competing WorldView-1 satellitwe in September 2007, and NGA grantesd the company operational certification two months later. “We don’tt think we’ll be able to recoup last year’s loss in NGA O’Connell said. But now GeoEye can builr on its NGA contractg and offer advanced services that allow othetr agencies to use the While just more than halfof GeoEye’s revenue has come from governmenrt applications, commercial sales have been vital to the company’s recenr growth.
And O’Connell said opportunities in the billion-dollar imageruy market are growing. GeoEye-1 begajn delivering images Feb. 5 to commercial customerws including and the National Universityof Singapore’s Centre for Remotse Imaging, Sensing and Processing. GeoEye has an exclusivw agreement to provide imagery for Googlde Earth andGoogle maps. Nevertheless, competition in the commerciak marketis fierce: DigitalGlobe, which file d to go public last April, plans to launc another satellite in 2009 and has deald with Google and with But O’Connell said another satellitse in orbit won’t cost him business.
Demand from the markeft in 2010 won’t support another high-resolution he said.
Tuesday, May 22, 2012
Southeast Baptist joins network of hospitals collecting umbilical cord blood - San Antonio Business Journal:
hyperwave-exhausted.blogspot.com
The Texas Cord Blood Bank, a division of the Southy TexasBlood & Tissue Center, began to acceptg umbilical cord blood from Southeast Baptist This is the second hospital in the to begin collecting blood after North Central Baptist beganb collections in March 2007. Methodist Hospital is the othedr San Antonio area hospital thatcollects (McKenna Hospital in New Braunfels also collects In all, seven hospitals throughouty the state are participatinbg in the umbilical cord program.
"Ww are excited to be able to offert families delivering here at Southeast an opportunity to give such awonderfupl gift," says Margaret Kelley, an obstetrician and gynecologist at Southeast "The process of collecting umbilical cord blood is relativelu easy for the physician and poses no risk to the mother or After healthy babies are the umbilical cord is usually discarded. However, cord blood is rich is blood-makinb cells that can be used to trear a number of potentiallyfatal diseases, such as, leukemia and disorders of the blood-makin system like sickle-cell anemia; severe immune-system disorderzs and genetic defects that affectt the blood-making system.
"As a public cord bloodr bank, our goal is to collect 6,000 cord bloodx units to ensurea diverse, quality supply for families in says Norman D. Kalmin, president, CEO and medica director of the South Texas BloodTissue
The Texas Cord Blood Bank, a division of the Southy TexasBlood & Tissue Center, began to acceptg umbilical cord blood from Southeast Baptist This is the second hospital in the to begin collecting blood after North Central Baptist beganb collections in March 2007. Methodist Hospital is the othedr San Antonio area hospital thatcollects (McKenna Hospital in New Braunfels also collects In all, seven hospitals throughouty the state are participatinbg in the umbilical cord program.
"Ww are excited to be able to offert families delivering here at Southeast an opportunity to give such awonderfupl gift," says Margaret Kelley, an obstetrician and gynecologist at Southeast "The process of collecting umbilical cord blood is relativelu easy for the physician and poses no risk to the mother or After healthy babies are the umbilical cord is usually discarded. However, cord blood is rich is blood-makinb cells that can be used to trear a number of potentiallyfatal diseases, such as, leukemia and disorders of the blood-makin system like sickle-cell anemia; severe immune-system disorderzs and genetic defects that affectt the blood-making system.
"As a public cord bloodr bank, our goal is to collect 6,000 cord bloodx units to ensurea diverse, quality supply for families in says Norman D. Kalmin, president, CEO and medica director of the South Texas BloodTissue
Monday, May 21, 2012
Job losses put squeeze on students in Silicon Valley - San Antonio Business Journal:
mozybyd.wordpress.com
Mathur, a senior technical program managerat , aims to leverags the undergraduate technology background he garnered at Rohilkhaned University in his native India as well as his graduatd studies in information systems and business at . But the economu has derailed his effort. On April 2, Sun told Mathurr that his position was That means at the end of May he will losehis job, as well as the tuitiob reimbursement package the company was puttiny toward his MBA at Santa Clara University’s Leave y School of Business. “Now my primary job is findingh anew job,” said Mathur, addinyg that he knows at least a half dozenm classmates in a similar position.
“The studies take a beatintg because you’re obviously not as focused as you’f like to be. Suddenly I have to pay all this and who knows howlong I’ll be in this position of makin g no money.” It’s a growing problem at Leavey’sa graduate program, a part-time model where a majority of studenta are full-time professionals by day and theirf tuition is supplemented by employedr reimbursements. As a private institutionh that sits high innationap rankings, the program is anything but cheap. A three-unig evening MBA class for the 2008-09 schoolk year costs $2,352. The accelerated MBA tuitiobn for the classof 2010, which began last topped $72,000.
Students in the Executive MBA program from the classd of 2009paid $92,000. “I thinm anecdotally there’s a lot of uneasiness (amongg students) at the business schoool right now,” said Elizabeth Ford, senior assistantt dean of graduate programsat “Without having statistics on morale, we can sense it. It’s very unpredictable for us righft now.” Enrollments in full-time graduate programs typically spiked when there are largw numbersof layoffs, with undergraduates electing to go directly to graduate school rather than test the job market.
Applicationw for the class of 2010 atStanford University’s Graduate School of Business rose 43 percent over the class of from 4,582 to 6,575 for about 745 But there are no guarantees there will be a job waiting aftert completing graduate school. “When people come to a graduatdbusiness school, especially a full-time program, there’s a high desire to eithe r take a step up in management in the same fieldr or look at doing somethinfg very different from what you were doing before you came to said Andy Chan, assistangt dean and director of the MBA careeer management center at Stanford’s Graduate School of Business.
“In a down economy employers are less willing and have less of a need for hirinvg people withoutdirect experience.” The biggest challenge todayg for business school graduate students, Chan said, is the sheerf number of candidates in the job There are students coming out of school, people already let go by their company and those at unhealthg companies perhaps anticipating work force cuts. Stanfordc students are drawing on thebusiness school’ staff of career advisers as well as alumni employefd to give guidance. Each whether face-to-face or via telephone, the graduat school facilitates morethan 2,009 career counseling appointments with students and alumni, Chan said.
That doesn’tf include informal conversations, such as e-mai and phone correspondence. If therr is any good news to be found, it’s that there’xs still “a decent flow of job opportunities coming through the Chan said, though 30 percent less than last year or the year “The good news is that we have employerx who are looking at Chan said. “I’m not so discourages from the standpoint of no Fordsaid part-time business programs are trying to “gauge and what’s going to happen for fall Initial indicators show that interest remains high. Information sessions are attractingggood turnout.
Applications to the graduate progra are even with last year about 400 competing for 225 to 250 The question is whether those applicationzs translateto matriculation. “We just don’y know,” Ford said. There’s no way to know how many studentx are affected by the same scenario as she said, but the businesw school has begun taking steps to addrese it.
Mathur, a senior technical program managerat , aims to leverags the undergraduate technology background he garnered at Rohilkhaned University in his native India as well as his graduatd studies in information systems and business at . But the economu has derailed his effort. On April 2, Sun told Mathurr that his position was That means at the end of May he will losehis job, as well as the tuitiob reimbursement package the company was puttiny toward his MBA at Santa Clara University’s Leave y School of Business. “Now my primary job is findingh anew job,” said Mathur, addinyg that he knows at least a half dozenm classmates in a similar position.
“The studies take a beatintg because you’re obviously not as focused as you’f like to be. Suddenly I have to pay all this and who knows howlong I’ll be in this position of makin g no money.” It’s a growing problem at Leavey’sa graduate program, a part-time model where a majority of studenta are full-time professionals by day and theirf tuition is supplemented by employedr reimbursements. As a private institutionh that sits high innationap rankings, the program is anything but cheap. A three-unig evening MBA class for the 2008-09 schoolk year costs $2,352. The accelerated MBA tuitiobn for the classof 2010, which began last topped $72,000.
Students in the Executive MBA program from the classd of 2009paid $92,000. “I thinm anecdotally there’s a lot of uneasiness (amongg students) at the business schoool right now,” said Elizabeth Ford, senior assistantt dean of graduate programsat “Without having statistics on morale, we can sense it. It’s very unpredictable for us righft now.” Enrollments in full-time graduate programs typically spiked when there are largw numbersof layoffs, with undergraduates electing to go directly to graduate school rather than test the job market.
Applicationw for the class of 2010 atStanford University’s Graduate School of Business rose 43 percent over the class of from 4,582 to 6,575 for about 745 But there are no guarantees there will be a job waiting aftert completing graduate school. “When people come to a graduatdbusiness school, especially a full-time program, there’s a high desire to eithe r take a step up in management in the same fieldr or look at doing somethinfg very different from what you were doing before you came to said Andy Chan, assistangt dean and director of the MBA careeer management center at Stanford’s Graduate School of Business.
“In a down economy employers are less willing and have less of a need for hirinvg people withoutdirect experience.” The biggest challenge todayg for business school graduate students, Chan said, is the sheerf number of candidates in the job There are students coming out of school, people already let go by their company and those at unhealthg companies perhaps anticipating work force cuts. Stanfordc students are drawing on thebusiness school’ staff of career advisers as well as alumni employefd to give guidance. Each whether face-to-face or via telephone, the graduat school facilitates morethan 2,009 career counseling appointments with students and alumni, Chan said.
That doesn’tf include informal conversations, such as e-mai and phone correspondence. If therr is any good news to be found, it’s that there’xs still “a decent flow of job opportunities coming through the Chan said, though 30 percent less than last year or the year “The good news is that we have employerx who are looking at Chan said. “I’m not so discourages from the standpoint of no Fordsaid part-time business programs are trying to “gauge and what’s going to happen for fall Initial indicators show that interest remains high. Information sessions are attractingggood turnout.
Applications to the graduate progra are even with last year about 400 competing for 225 to 250 The question is whether those applicationzs translateto matriculation. “We just don’y know,” Ford said. There’s no way to know how many studentx are affected by the same scenario as she said, but the businesw school has begun taking steps to addrese it.
Saturday, May 19, 2012
QinetiQ signs lease in Reston - Minneapolis / St. Paul Business Journal:
moffaiqohegesa1490.blogspot.com
As the incoming lead tenant inthe 196,000 square-foort Class A office building at 11091 Sunset Hills Road in its 11-year lease starts later this year. McLean-based Qineti North America, a subsidiary of London-baseds QinetiQ that offers technology-based defense and securituy products and services tothe government, said its 42-perceny revenue growth over its last fiscal year has partly been due to its role in the intelligence and cyber security markets and new work with the Departmentf of Homeland Security and NASA. It will be the fiftn U.S. office for the company, whichb is also in Fairfax, Huntsville, Ala. and Mass.
The tenant was represented by Robb Johnsobn andDee MacDonald-Miller of Jones Lang Vardell Realty Investments LLC was represented by Mike Rob Walters and Nate Kril of Millennium Realty Advisors LLC. Initially, 400 prograjm management-type employees be relocating from various offices in Fairfax Countyh into theReston building. Down the road in 2011 or the number of employees at the site will doublewto 800. Out of the 400 moving in, 75 will be part of QinetiQ’sx technology solutions group and the other 325 will be part of its missionhsolutions group. “Like any company trying to attract andretain high-quality people, we were lookingv for more than just a building.
This building has environmentally-friendlt features the new generation of employees islookint for,” said Matthew Warnock, directof of public relations at QinetiQ. He said the building will also help cut down onoverheac “by a great deal,” with expected savings of 65 to 70 percenr on power consumption through the use of virtualization softwar e and green technology to reduce heating and utility He adds that the buildint sits right off a bike trail and was builg on an east-to-west access, whicj means employees can take advantagre of a full day of sunlight and cut down on electricity.
As the incoming lead tenant inthe 196,000 square-foort Class A office building at 11091 Sunset Hills Road in its 11-year lease starts later this year. McLean-based Qineti North America, a subsidiary of London-baseds QinetiQ that offers technology-based defense and securituy products and services tothe government, said its 42-perceny revenue growth over its last fiscal year has partly been due to its role in the intelligence and cyber security markets and new work with the Departmentf of Homeland Security and NASA. It will be the fiftn U.S. office for the company, whichb is also in Fairfax, Huntsville, Ala. and Mass.
The tenant was represented by Robb Johnsobn andDee MacDonald-Miller of Jones Lang Vardell Realty Investments LLC was represented by Mike Rob Walters and Nate Kril of Millennium Realty Advisors LLC. Initially, 400 prograjm management-type employees be relocating from various offices in Fairfax Countyh into theReston building. Down the road in 2011 or the number of employees at the site will doublewto 800. Out of the 400 moving in, 75 will be part of QinetiQ’sx technology solutions group and the other 325 will be part of its missionhsolutions group. “Like any company trying to attract andretain high-quality people, we were lookingv for more than just a building.
This building has environmentally-friendlt features the new generation of employees islookint for,” said Matthew Warnock, directof of public relations at QinetiQ. He said the building will also help cut down onoverheac “by a great deal,” with expected savings of 65 to 70 percenr on power consumption through the use of virtualization softwar e and green technology to reduce heating and utility He adds that the buildint sits right off a bike trail and was builg on an east-to-west access, whicj means employees can take advantagre of a full day of sunlight and cut down on electricity.
Friday, May 18, 2012
Roberts backs KU Cancer Center's push for NCI designation - Puget Sound Business Journal (Seattle):
llrx-royce.blogspot.com
Roberts, R-Kan., spoke at The ’ds Westwood medical building. He said that it now takese 10 years to 17 yearsand $1 billion to bringg a new drug to market, whichy Roberts called a “nationaol disgrace.” The National Cancer Institute said in Novembetr that the KU Cancer Centee has a Sept. 25, 2011, application date for its effortd to get aninitial five-year designation as an NCI cancere center. The months-long application process for institutions seekinyg new designations begins with submission of documentation that sometimedsexceeds 1,000 pages and includesd a site visit and other steps.
The earliestg that KU Cancer Center’ws application could be approved is the springof 2012. 64 cancer centers receive Cancer Centerd Support Grants to support researc to reducethe incidence, morbidity and mortalityt rates of cancer. There are 23 cancerr centers and 41 comprehensivecancerf centers. The KU Cancer Centedr is part of , which is the medical researcgh and education arm of the Universityof Kansas. NCI designatiojn — KU’s No. 1 priority typically is granted to academicmedical centers. KU Medical Center is the entity that will apply forNCI designation. • Increaser regional patient accessto cutting-edger clinical trials. • More than $1.
3 billionn in annual economic benefits inthe region. An increase in KU Cancer Center’s annuall NCI financing from thecurrent $7.5 million to abou t $40 million. NCI-affiliated institutions also attracgt world-class researchers who bring NCI grantszwith them, and part of the estimated increaser is based on that. Many of theswe researchers doubleas clinicians, adding expertise and depthb in various cancer-care sub-specialties.
Roberts, R-Kan., spoke at The ’ds Westwood medical building. He said that it now takese 10 years to 17 yearsand $1 billion to bringg a new drug to market, whichy Roberts called a “nationaol disgrace.” The National Cancer Institute said in Novembetr that the KU Cancer Centee has a Sept. 25, 2011, application date for its effortd to get aninitial five-year designation as an NCI cancere center. The months-long application process for institutions seekinyg new designations begins with submission of documentation that sometimedsexceeds 1,000 pages and includesd a site visit and other steps.
The earliestg that KU Cancer Center’ws application could be approved is the springof 2012. 64 cancer centers receive Cancer Centerd Support Grants to support researc to reducethe incidence, morbidity and mortalityt rates of cancer. There are 23 cancerr centers and 41 comprehensivecancerf centers. The KU Cancer Centedr is part of , which is the medical researcgh and education arm of the Universityof Kansas. NCI designatiojn — KU’s No. 1 priority typically is granted to academicmedical centers. KU Medical Center is the entity that will apply forNCI designation. • Increaser regional patient accessto cutting-edger clinical trials. • More than $1.
3 billionn in annual economic benefits inthe region. An increase in KU Cancer Center’s annuall NCI financing from thecurrent $7.5 million to abou t $40 million. NCI-affiliated institutions also attracgt world-class researchers who bring NCI grantszwith them, and part of the estimated increaser is based on that. Many of theswe researchers doubleas clinicians, adding expertise and depthb in various cancer-care sub-specialties.
Wednesday, May 16, 2012
Hollande's Berlin Reception Shows He Speaks Merkel's Language - San Francisco Chronicle
ycoguqi.wordpress.com
AFP | Hollande's Berlin Reception Shows He Speaks Merkel's Language San Francisco Chronicle Merkel said she was "very glad" that Hollande came to Berlin the day of his inauguration. "We are even more glad because he did this despite the lightning strike," she told reporters. "Maybe this is good omen for cooperation. Europe Prepares for Dress ing Down at G8 Softening, Merkel Says She Is Open to Stimulus for Greece Germany's Merkel Sacks Environment Minister; Replaces With » |
Tuesday, May 15, 2012
California settles with Kmart, sues Target - Memphis Business Journal:
belyaevostapuki.blogspot.com
The state’s attorney general, Jerry joined by district attorneys from manyCalifornia counties, includinyg Alameda, Santa Clara and Contra filed a suit against Minneapolis-based Target (NYSE: TGT), sayinb it sent hazardous waste to various landfillw in violation of state law. The suit is meany to stop the practices. In news Target said it has been cooperating withthe AG’se office for three years on this matter and that it is committesd to complying with all environmentakl laws.
Kmart, owned by (NASDAQ: agreed to a settlement that includeascivil penalties, legal costs and some monet to boost protection of the environment in the Thomas Orloff, Robert James Fox and Dolores Carr, the DAs of Contra Costa, San Mateo and Santq Clara counties respectively, joined Brownh in the suit against According to court papers, Target has 180 including stores and warehouses, in The suit alleges Target threwa out “ignitable aerosol wastes” including propanwe canisters, in a trash compactor in Alameda County on May 14 and May 21, for
The state’s attorney general, Jerry joined by district attorneys from manyCalifornia counties, includinyg Alameda, Santa Clara and Contra filed a suit against Minneapolis-based Target (NYSE: TGT), sayinb it sent hazardous waste to various landfillw in violation of state law. The suit is meany to stop the practices. In news Target said it has been cooperating withthe AG’se office for three years on this matter and that it is committesd to complying with all environmentakl laws.
Kmart, owned by (NASDAQ: agreed to a settlement that includeascivil penalties, legal costs and some monet to boost protection of the environment in the Thomas Orloff, Robert James Fox and Dolores Carr, the DAs of Contra Costa, San Mateo and Santq Clara counties respectively, joined Brownh in the suit against According to court papers, Target has 180 including stores and warehouses, in The suit alleges Target threwa out “ignitable aerosol wastes” including propanwe canisters, in a trash compactor in Alameda County on May 14 and May 21, for
Sunday, May 13, 2012
Fight over Scana plant may hurt Duke Energy
mesiaipuhuni1981.blogspot.com
If the group is successful in its appeaol tothe S.C. Supreme Court, it could forced Duke to rethink its plans for the Lee plannednear Gaffney, S.C. At a Duke “will have to go back to the drawingt board” with S.C. lawmakers on a measur e to let Duke recover certain costs of the saysEllen Ruff, Duke’ president of nuclear development. The court challenge is beinfg made bythe . The group questions the constitutionality of a2007 S.C. law that lets utilitiez recover some of their expenseas for constructing major power plants as they arebeing built.
Ruff says the high cost and long constructio n times for nuclear plants make recoveryh of some expenses during construction aneconomivc necessity. “This is not just Duke Energy saying this,” she “The financial community is saying clearly it is importanf to have this kind of certainty of recoverhy in place if there is going to be investmeny innuclear energy.” The Friendz of the Earth gave notice last week that it will appeakl S.C. regulators’ approval of the V.C. Summer nucleae plant to the stateSupreme Court. The appeal will be submitteed bylate June, says Tom Clements, the Friends of the Earth’e southeastern nuclear campaign coordinator.
Friends of the Eartb opposed letting Duke recover some of its planningb costs for the Lee plantwhen S.C. regulators considerede that issuelast year. But the group didn’t appeap that ruling. The Summer station project callxs for adding two nuclear reactorsd to an existing plantin Jenkinsville, S.C. The expansion is expected to costabouft $9.9 billion. The S.C. Energy Userws Committee, a group that representsw industrial customers, also is appealinb the state’s approval of the Friends of the Earth contendsthe S.C. law on cost recoverty should bestruck down.
Bob Guild, the group’ s attorney, says the legislation goes too far in shiftinf the risk in building nuclear plants from utility investors toutilitt customers. “The law as interpreted by the commission gives the utilitiez ablank check,” he Once the commission approves a project, he says, customers have no way of challenging whether the money is spent prudentlh — even if the plant isn’t completed. But Ruff says the S.C. law allowss specific spending to be challenged later inthe process. That assurews utilities they can recover their prudenyt spendingon construction. She says Duke hasn’t decidef whether to seek to participate in the Summercourf case.
If the group is successful in its appeaol tothe S.C. Supreme Court, it could forced Duke to rethink its plans for the Lee plannednear Gaffney, S.C. At a Duke “will have to go back to the drawingt board” with S.C. lawmakers on a measur e to let Duke recover certain costs of the saysEllen Ruff, Duke’ president of nuclear development. The court challenge is beinfg made bythe . The group questions the constitutionality of a2007 S.C. law that lets utilitiez recover some of their expenseas for constructing major power plants as they arebeing built.
Ruff says the high cost and long constructio n times for nuclear plants make recoveryh of some expenses during construction aneconomivc necessity. “This is not just Duke Energy saying this,” she “The financial community is saying clearly it is importanf to have this kind of certainty of recoverhy in place if there is going to be investmeny innuclear energy.” The Friendz of the Earth gave notice last week that it will appeakl S.C. regulators’ approval of the V.C. Summer nucleae plant to the stateSupreme Court. The appeal will be submitteed bylate June, says Tom Clements, the Friends of the Earth’e southeastern nuclear campaign coordinator.
Friends of the Eartb opposed letting Duke recover some of its planningb costs for the Lee plantwhen S.C. regulators considerede that issuelast year. But the group didn’t appeap that ruling. The Summer station project callxs for adding two nuclear reactorsd to an existing plantin Jenkinsville, S.C. The expansion is expected to costabouft $9.9 billion. The S.C. Energy Userws Committee, a group that representsw industrial customers, also is appealinb the state’s approval of the Friends of the Earth contendsthe S.C. law on cost recoverty should bestruck down.
Bob Guild, the group’ s attorney, says the legislation goes too far in shiftinf the risk in building nuclear plants from utility investors toutilitt customers. “The law as interpreted by the commission gives the utilitiez ablank check,” he Once the commission approves a project, he says, customers have no way of challenging whether the money is spent prudentlh — even if the plant isn’t completed. But Ruff says the S.C. law allowss specific spending to be challenged later inthe process. That assurews utilities they can recover their prudenyt spendingon construction. She says Duke hasn’t decidef whether to seek to participate in the Summercourf case.
Saturday, May 12, 2012
Vascular Expert Supports FDA Warning about Experimental Therapy for MS Patients - MarketWatch (press release)
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eMaxHealth | Vascular Expert Supports FDA Warning about Experimental Therapy for MS Patients MarketWatch (press release) MIAMI, May 11, 2012 (BUSINESS WIRE) -- An internation » |
Thursday, May 10, 2012
Tuesday, May 8, 2012
UW-Whitewater, Milwaukee 7 Water Council to jointly train students - Jacksonville Business Journal:
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The program will begin enrolling students in the fallsemester and, becausse many students have already taken relevant courses, should be graduatingh its first water management specialists within a said Kirsten Crossgrove, associate professo of biology at UW-Whitewater and coordinatoe of the school’s integrates science-business major. The program is designed to give students a basid background inwater law, environmental law, natural resources and environmentalk economics as well as aquati c biology, chemistry and ecology.
Students will servw internships with the Milwaukee 7Wateer Council, an organization of business, academia and government in the seven-countyt area in southeastern Wisconsij that is working to establish the Milwaukeew region as a global center for freshwater economic development and education. “Recognizing where the world is business students with a unique educational background in water will have a leg up inthe future, makin g a program like this especiallyu valuable,” said Rich Meeusen, chairman, president and CEO of Browhn Deer-based , co-chair of the Milwaukee 7 Water Council and an alumnuzs of UW-Whitewater’s business school.
The council already has a relationships with the graduates program atthe ’s . UWM also is developing a graduate-levelo School of Freshwater Sciences, while ’s Law School will begin a water law curriculumthis fall. “Onee of our goals is to help develolp seamless talent pipelines between universities andwate businesses,” said Paul chairman and CEO of Milwaukee-based and co-chaif of the Water Council. “UW-Whitewater’s one-of-a-kind new track adds to the impressivw array of higher education institutions in the region working to ensurre our world water hub status in the yearasto come.
”
The program will begin enrolling students in the fallsemester and, becausse many students have already taken relevant courses, should be graduatingh its first water management specialists within a said Kirsten Crossgrove, associate professo of biology at UW-Whitewater and coordinatoe of the school’s integrates science-business major. The program is designed to give students a basid background inwater law, environmental law, natural resources and environmentalk economics as well as aquati c biology, chemistry and ecology.
Students will servw internships with the Milwaukee 7Wateer Council, an organization of business, academia and government in the seven-countyt area in southeastern Wisconsij that is working to establish the Milwaukeew region as a global center for freshwater economic development and education. “Recognizing where the world is business students with a unique educational background in water will have a leg up inthe future, makin g a program like this especiallyu valuable,” said Rich Meeusen, chairman, president and CEO of Browhn Deer-based , co-chair of the Milwaukee 7 Water Council and an alumnuzs of UW-Whitewater’s business school.
The council already has a relationships with the graduates program atthe ’s . UWM also is developing a graduate-levelo School of Freshwater Sciences, while ’s Law School will begin a water law curriculumthis fall. “Onee of our goals is to help develolp seamless talent pipelines between universities andwate businesses,” said Paul chairman and CEO of Milwaukee-based and co-chaif of the Water Council. “UW-Whitewater’s one-of-a-kind new track adds to the impressivw array of higher education institutions in the region working to ensurre our world water hub status in the yearasto come.
”
Monday, May 7, 2012
SEC rules that IOUs should be treated as securities - San Francisco Business Times:
hundleyobajoji1908.blogspot.com
on Thursday issued its opiniohthat California’s IOUs should be treated as securitieas under federal securities law. Under that opinion, holders of the which carry a 3.75 percentf interest rate, are protected by securities laws thatpreventt fraud. And it means that people who attempt to make a markegt in buying and sellinvg the notes may have to be registeredas “brokers, dealers or municipal securities dealers, or as alternativs trading systems or national securities The SEC did not make any determinationh on whether California has the authoritty to issue or repay the registered warrants.
“Th SEC has sent a pretty clear warningf to folks who plan to profir by buying andreselling IOUs: If you’re not registered as a municipal securitie broker-dealer, you run the risk of violatiny federal law,” said Tom Dressler, spokesman for California statee Treasurer Bill Lockyer. “The recipients of IOUs also shouled understand that if they sell their IOU to anyones who is not a licensed they could well have no remedy undef federal law if they get victimizefd by acon artist. So, they shoulr check before selling.” Dresslet said the SEC’s opiniob should reduce the “shark factor and potentialo for taxpayers toget defrauded.
” On the other he said the decision might make it more difficuly for IOU recipients to get cash for IOUs if their bank or credit union won’t take them. The SEC’s opinion is available at: http://www.sec.gov/news/press/2009/2009-154.htmk Most major banks initially said they would cash in the which the state started issuing onJuly 1, but only througy July 10. Some also placed a 10-dat hold on the warrants. As of Thursday the banks have not extended that More than 60credit unions, however, said they would continue to accepf IOUs.
An updated list of credit unionsd accepting IOUs can be foundat
on Thursday issued its opiniohthat California’s IOUs should be treated as securitieas under federal securities law. Under that opinion, holders of the which carry a 3.75 percentf interest rate, are protected by securities laws thatpreventt fraud. And it means that people who attempt to make a markegt in buying and sellinvg the notes may have to be registeredas “brokers, dealers or municipal securities dealers, or as alternativs trading systems or national securities The SEC did not make any determinationh on whether California has the authoritty to issue or repay the registered warrants.
“Th SEC has sent a pretty clear warningf to folks who plan to profir by buying andreselling IOUs: If you’re not registered as a municipal securitie broker-dealer, you run the risk of violatiny federal law,” said Tom Dressler, spokesman for California statee Treasurer Bill Lockyer. “The recipients of IOUs also shouled understand that if they sell their IOU to anyones who is not a licensed they could well have no remedy undef federal law if they get victimizefd by acon artist. So, they shoulr check before selling.” Dresslet said the SEC’s opiniob should reduce the “shark factor and potentialo for taxpayers toget defrauded.
” On the other he said the decision might make it more difficuly for IOU recipients to get cash for IOUs if their bank or credit union won’t take them. The SEC’s opinion is available at: http://www.sec.gov/news/press/2009/2009-154.htmk Most major banks initially said they would cash in the which the state started issuing onJuly 1, but only througy July 10. Some also placed a 10-dat hold on the warrants. As of Thursday the banks have not extended that More than 60credit unions, however, said they would continue to accepf IOUs.
An updated list of credit unionsd accepting IOUs can be foundat
Saturday, May 5, 2012
SoftBrands sold for $80M; Golden Gate Capital is buyer - The Business Review (Albany):
tiqosi.wordpress.com
The buyer, a holding company created by private-equity firm and its portfolioicompany , will pay 92 cents per sharre for SoftBrands. Shares of SoftBrands closer at 47 cents per share on On the same datein 2008, SoftBrands’ stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capital has abouy $9 billion in assets under Infor, based in Alpharetta, Ga., is a software company with aboug 9,000 employees and $2.2 billion in revenue. Minneapolis-basec SoftBrands (AMEX: SBN) sells softwar to the hospitality industry, as well as to smalo and mid-sized manufacturers under the brand. Its productse handle tasks such as making reservations to settingroom rates.
SoftBrands CEO Randyy Tofteland said in a press statement that the deal will alloqw shareholdersto “realize significant value from their investment.” He also said the compant would benefit from an “alliance” with A spokeswoman for Infor said SoftBrands will continue to have a presence in Minneapolis, though it has yet to be determinefd how many employees will remain here.
SoftBrands’ board has already approved the which is expected to close in between 60 and90
The buyer, a holding company created by private-equity firm and its portfolioicompany , will pay 92 cents per sharre for SoftBrands. Shares of SoftBrands closer at 47 cents per share on On the same datein 2008, SoftBrands’ stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capital has abouy $9 billion in assets under Infor, based in Alpharetta, Ga., is a software company with aboug 9,000 employees and $2.2 billion in revenue. Minneapolis-basec SoftBrands (AMEX: SBN) sells softwar to the hospitality industry, as well as to smalo and mid-sized manufacturers under the brand. Its productse handle tasks such as making reservations to settingroom rates.
SoftBrands CEO Randyy Tofteland said in a press statement that the deal will alloqw shareholdersto “realize significant value from their investment.” He also said the compant would benefit from an “alliance” with A spokeswoman for Infor said SoftBrands will continue to have a presence in Minneapolis, though it has yet to be determinefd how many employees will remain here.
SoftBrands’ board has already approved the which is expected to close in between 60 and90
Tuesday, May 1, 2012
Obscure Glencoe commission lives on - Glencoe News
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Obscure Glencoe commission lives on Glencoe News Andrew Hayek and Keki Bhote weren't either. The seven-year-old CDRC, a panel of architects, has a complicated mission, simplified as follows: if builders want to, they can get 5 percent extra floor area ratio â€" a measure of floor space â€" through cool ... |
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