bertayfybuqutyp.blogspot.com
It includes tax, grant, and contract opportunities across a wide spectrumm of industriesand interests, some of which still need to be spelled out. “Lots of regulationzs and implementation are still in the said attorneyJerry Brodsky, a partnet at , who represents medium and large construction firma from offices in Miami and Fort Lauderdale. “Mhy best advice is for businesses to get ready and get theird houses in order and in full compliance with all applicabls lawsand regulations.” Small firms, he said, coule go to the various agencies such as the South Floridaw Water Management District, which offers programws for businesses to qualify as preferred subcontractors.
“Gok to everything – be proactive and put your corporate faceout there,” Brodskyy said. Everyone sees opportunity Some funds have been targeted tospecific needs, other haven’t, said Beth Kigel, a Florida government lobbyist with KBS Strategies, a subsidiary of Miami law firm LLP. Businesses hungry to get a piecee of the action need to be awar of the routesthe trickle-down money will take, and who – or what to contact for It’s not always easy. “The stimulus funds will creatde quite a bit of opportunity for local businesses and Kigel said.
“But, they will be distributed and awardede through a spider web of both traditionalk anddeveloping channels.” She said the moneu for contracts flows from the by multiplee paths and in many directions. Most goes through the but some will goto municipalities. Still, othe contracts will be given asdirect “There is a time limi t on the funds,” Kigelo said. “Half of them need to be allocatesd to contracts that start within180 days; the balancee in the 180 days after that.
” All of it should resul t in jobs, according to the Obama administratiohn strategists who hurriedly cobbled the more than 1,000-pag American Recovery and Reinvestment Act and pushed it througnh Congress in February. Figuring out wherew to apply for a piecew of the pie is more like a scavenger hunt than a game of Monopolyh atthis point. Kigel, who is alread working her Tallahassee sources for clientx interested in a piece of thestimulus pie, said South Florid a businesses should start with their countyt metropolitan planning organization (MPO), as well as the . gets about $1.34 billion to spend under the stimuluw plan, with $300 million more earmarked for publixtransportation projects.
There is a 70 percent-30 percentt split of the $1.34 billion between FDOT and allthe state’ MPOs. Broward’s MPO planned for an estimaterd $41 million to spend on its locaptransportation infrastructure, and there may be more spent in the countyy from FDOT’s remaining or additional Broward’s direct transportation funds have already been according to Broward MPO engineer Ossama Al-Aschkar.
Saturday, December 31, 2011
Thursday, December 29, 2011
Snake-bitten season makes Hillis a believer in 'Madden Curse' - NFL News
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Snake-bitten season makes Hillis a believer in 'Madden Curse' NFL News The Browns running back graced the cover of the uber-popular video-game franchise this summer, then suffered through a season filled with illness, injury, contract squabbling and even an intervention from his teammates. ... |
Tuesday, December 27, 2011
Tech sector finds mixed bag in Phoenix, U.S. firms cut payroll - Phoenix Business Journal:
chauezhelolocu1622.blogspot.com
A study released Monday by Challenger, Gray Christmas found that tech industrgy layoffs in the second quarter amountedto 33,89q1 in the U.S., a 60 percent drop from the first The study also found the second-quarter job cuts were about equal to the second quarted of 2008, before the worsg of the financial crisis rocked the economy. The local technology sector has been up and depending onthe industry, according to Arizonsa Workforce, a research publicationb by the Arizona Department of Commerce. Computerr and electronic parts manufacturers droppedabout 1,200 jobs from May 2008 to but aerospace manufacturers added about 500.
Also down was which shed about 1,600 jobs in the Phoenixc area from May 2008to 2009, and scientific and technical which lost nearly 10 percenyt of the sector’s May 2008 work forcse of roughly 101,000 in the past year. At the same time, the reportf shows that losses from April to May were much smallet or flat in most ofthose sectors. “Ths downturn in the economy has affected each sector ofthe high-tech industru differently,” said Jim Garnett, executivr director for TechAmerica in Phoenix. “In a receng ranking by the Bureau ofLaborr Statistics, while Arizona’s manufacturing employment is down over the year by 5.
1 the state had one of the smallest percentaged losses compared to all states. From Aprio to May, computer and electronic partas lost 200 jobs while aerospacee gained300 jobs,” he said. Althoughj the rate of layoffse appears tobe slowing, the U.S. tech industryg lost 118,108 jobs in the first six monthszof 2009, the largest decline in the past seven years.
A study released Monday by Challenger, Gray Christmas found that tech industrgy layoffs in the second quarter amountedto 33,89q1 in the U.S., a 60 percent drop from the first The study also found the second-quarter job cuts were about equal to the second quarted of 2008, before the worsg of the financial crisis rocked the economy. The local technology sector has been up and depending onthe industry, according to Arizonsa Workforce, a research publicationb by the Arizona Department of Commerce. Computerr and electronic parts manufacturers droppedabout 1,200 jobs from May 2008 to but aerospace manufacturers added about 500.
Also down was which shed about 1,600 jobs in the Phoenixc area from May 2008to 2009, and scientific and technical which lost nearly 10 percenyt of the sector’s May 2008 work forcse of roughly 101,000 in the past year. At the same time, the reportf shows that losses from April to May were much smallet or flat in most ofthose sectors. “Ths downturn in the economy has affected each sector ofthe high-tech industru differently,” said Jim Garnett, executivr director for TechAmerica in Phoenix. “In a receng ranking by the Bureau ofLaborr Statistics, while Arizona’s manufacturing employment is down over the year by 5.
1 the state had one of the smallest percentaged losses compared to all states. From Aprio to May, computer and electronic partas lost 200 jobs while aerospacee gained300 jobs,” he said. Althoughj the rate of layoffse appears tobe slowing, the U.S. tech industryg lost 118,108 jobs in the first six monthszof 2009, the largest decline in the past seven years.
Sunday, December 25, 2011
Denver residents get 291 free building permits halfway through 2-week program - Denver Business Journal:
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The free permits issued under the city’ds “Home Renovation Bonanza” program so far have save residents anestimated $17,769 in fees. An average of 73 permites have been pulled each day durinyg thefree program, versus an average of 40 a day in May, the city The program aims to boost the local economy by encouraginfg home-improvement projects. The free permits, available througuh June 15, are for common improvement projectsinvolving single-family homeds and duplexes. They are valid for 180 Permits are being issued on the spot to homeownerss ortheir contractors. Building-permit fees normally rangee from $20 to severao thousand dollars, depending on the value of the project.
Basicx interior remodel (existing kitchen, bath or Basement remodel. Roof covering repair or replacement. Wall Replacement of water heaters. Change out centrapl heating and air. Photo-voltaic systems (solar panels). Stuccp or siding home exteriors. Not eligible are projectse that require detailedplan review, such as new-home additions, garages and new structurex such as a gazebo. Projects requirinh plan review for engineering and structurao modifications arealso excluded. Building permits require that inspectiones be performed to verify work was done correctly and follows buildingcode standards. The free buildinv permits can be obtainer weekdaysfrom 7:30 a.m. to 4 p.m.
(excep Wednesday, when the hours will be 8:30 a.m. to 4 at the permit counter on the second floor of the WebbMunicipal Building, 201 W. Colfax Ave. Building permitsw require that inspections be performed to verify work was done correctlyy and follows buildingcode standards. Permits also protecg the resaleof homes. For a sale may be held up because an improvement such as a basementrremodel wasn’t done with the proper For more information, visit www.denvergov.com/building. 1. If a re-roo permit requires engineering and structural modificationm because of the added weight of the newroofintg material, are the plan revieew fees and permit fees still waived? No.
If the residentiall project requires plans to be logged in with CPD for code reviewe then the permit fee isnot 2. What if I submit plans for a remodelinh project that includes improvinga kitchen/bath/bedroom AND a smallo room addition? Any project that includes work not specificall included in this progra (such as additions) will not be subject to waivesd permit fees.
The free permits issued under the city’ds “Home Renovation Bonanza” program so far have save residents anestimated $17,769 in fees. An average of 73 permites have been pulled each day durinyg thefree program, versus an average of 40 a day in May, the city The program aims to boost the local economy by encouraginfg home-improvement projects. The free permits, available througuh June 15, are for common improvement projectsinvolving single-family homeds and duplexes. They are valid for 180 Permits are being issued on the spot to homeownerss ortheir contractors. Building-permit fees normally rangee from $20 to severao thousand dollars, depending on the value of the project.
Basicx interior remodel (existing kitchen, bath or Basement remodel. Roof covering repair or replacement. Wall Replacement of water heaters. Change out centrapl heating and air. Photo-voltaic systems (solar panels). Stuccp or siding home exteriors. Not eligible are projectse that require detailedplan review, such as new-home additions, garages and new structurex such as a gazebo. Projects requirinh plan review for engineering and structurao modifications arealso excluded. Building permits require that inspectiones be performed to verify work was done correctly and follows buildingcode standards. The free buildinv permits can be obtainer weekdaysfrom 7:30 a.m. to 4 p.m.
(excep Wednesday, when the hours will be 8:30 a.m. to 4 at the permit counter on the second floor of the WebbMunicipal Building, 201 W. Colfax Ave. Building permitsw require that inspections be performed to verify work was done correctlyy and follows buildingcode standards. Permits also protecg the resaleof homes. For a sale may be held up because an improvement such as a basementrremodel wasn’t done with the proper For more information, visit www.denvergov.com/building. 1. If a re-roo permit requires engineering and structural modificationm because of the added weight of the newroofintg material, are the plan revieew fees and permit fees still waived? No.
If the residentiall project requires plans to be logged in with CPD for code reviewe then the permit fee isnot 2. What if I submit plans for a remodelinh project that includes improvinga kitchen/bath/bedroom AND a smallo room addition? Any project that includes work not specificall included in this progra (such as additions) will not be subject to waivesd permit fees.
Friday, December 23, 2011
Morris tapped for GlobalSCAPE board - San Antonio Business Journal:
guronelogoh.blogspot.com
(NYSE Amex: GSB), headquartered in San is a global provider of managec file transfer software and service s for securely exchanging critical information over the withinan enterprise, or to business partners. “Jimm is a welcome additionm to an already strong board of directordsfor GlobalSCAPE,” says Thomas GlobalSCAPE chairman of the board. “Jim’s experience, vision, and insighte about customer needs today and into the futurse will help GlobalSCAPEcontinue innovating, growing, and increasint overall shareholder value for the Last quarter, GlobalSCAPE announced new partnershipe in the government sector and was awardedd its third substantial contract award with the U.
S. The most recent Army contract wasa $2.7 millio n order for Secure FTP Server and The order includes new productt licenses as well as 36 months of associatex maintenance and support services. “I’m delighted to be part of thisgrear board, especially as we continude to expand our market footprint in both the commercial and government sectors,” says Morris. “We’ve had excellenft momentum this year with new customer contractz and strategic partnerships that position us for succesas now and well intothe future.
The government’s recenty Cyberspace Policy Review potentially create s an even stronger market need for our solutionsw across the government and within the industries that enablethe nation’s critical Morris served in military intelligence, the civil service, and — for the past 25 years — in seniod executive positions for leading companies including General Dynamics, Veridian, Veritect, and Trident Data Systems.
He also co-lede the Y2K Cyber Assurance cell for theWhite House, was an independent advisor for two security software product companies, and servefd on numerous industry and government review
(NYSE Amex: GSB), headquartered in San is a global provider of managec file transfer software and service s for securely exchanging critical information over the withinan enterprise, or to business partners. “Jimm is a welcome additionm to an already strong board of directordsfor GlobalSCAPE,” says Thomas GlobalSCAPE chairman of the board. “Jim’s experience, vision, and insighte about customer needs today and into the futurse will help GlobalSCAPEcontinue innovating, growing, and increasint overall shareholder value for the Last quarter, GlobalSCAPE announced new partnershipe in the government sector and was awardedd its third substantial contract award with the U.
S. The most recent Army contract wasa $2.7 millio n order for Secure FTP Server and The order includes new productt licenses as well as 36 months of associatex maintenance and support services. “I’m delighted to be part of thisgrear board, especially as we continude to expand our market footprint in both the commercial and government sectors,” says Morris. “We’ve had excellenft momentum this year with new customer contractz and strategic partnerships that position us for succesas now and well intothe future.
The government’s recenty Cyberspace Policy Review potentially create s an even stronger market need for our solutionsw across the government and within the industries that enablethe nation’s critical Morris served in military intelligence, the civil service, and — for the past 25 years — in seniod executive positions for leading companies including General Dynamics, Veridian, Veritect, and Trident Data Systems.
He also co-lede the Y2K Cyber Assurance cell for theWhite House, was an independent advisor for two security software product companies, and servefd on numerous industry and government review
Wednesday, December 21, 2011
Bill would tell donors to report race, sexual data - San Francisco Business Times:
oryucyjofec1482.blogspot.com
AB 624 would require foundations with assetsover $250 milliomn to collect and disclose the race, gendere and sexual orientation of all their employeeds and board members, as well as the employeez and board members of the nonprofits to whom they awardf grants and the contractords with whom they do business. The foundations must then break out what percentagd of grant dollars go to organizations that are more than 50percenrt minority-run. The bill, which was promoted by Berkeley'sw and sponsored by Assemblyman Joe Coto ofSan Jose, wantas the nonprofit world to be more diverse and to empower minorityh communities.
It won easy passages in the Assembly last week and is headed for what is sure to be a more contentioux hearing in thestate Senate. Over a dozen Bay Area foundationas wouldbe affected, including all four of the region's community foundations, the , the , the , the and even largde corporate foundations. Opponents stress that whilre they support the diversity goals of the bill and its attemptx to increase funding forthe state'd disadvantaged minorities, they do not believde AB 624 is the answer.
"Oppositionm to the bill should not be construed as opposition to diversityh in philanthropy and some of the goalsx I think the billstands for," said Jim Canales, presidenf and CEO of the James Irvinee Foundation in San Francisco. Northern California Grantmakers, Southerbn California Grantmakers and SanDieg Grantmakers, which represent all the large foundations in the state, have unitee in their opposition to the bill.
Separately, the Irvined Foundation sent a letter to each member of the Assemblyg asserting its belief that the bill could hurt the very goalw it aims to Not everyone has chosena side; has a neutral Whether a nonprofit's staff and board are half minorituy has no bearing, critics say, on the impacrt that nonprofit can have in minorityh communities. Too, the bill could invaded privacy of foundation workers and grantees who may not feel comfortabler having their sexual orientation disclosed in an annual Many foundation leaders also worry that collecting that data would be an addedadministrative burden.
John executive director of Greenlining Institute, dismissed the notiobn that the bill would burden nonprofits and said that such transparency is criticalk to empowerminority communities. By forcinfg foundations to look at the racial and ethnic makeupl of the nonprofitsit supports, Gamboa this bill will help minorities receive granf money that could help develop futurd political activists and nonprofit leaders from disenfranchised communitiees of color. "I don't think it's the rightf solution, but it's the only one we're left Gamboa said. Nationally, Greenlining Institute estimates that just 3 percenr of national giving isto minority-led nonprofits.
Locally, however, that numbere is probably much higher. Three of the four localk community foundations are led by as is theIrvine Foundation. "One of the ironies to me is that I think California really has been a leader of diversit ywithin philanthropy," Canales said. "To me, that demonstrates the tremendous progress we have made as a philanthropic community inCalifornias ... and now we are facing more stringent legislation than almost anywhere inthe country." Canales addex that Irvine has long focused on serving minorityg communities and that increasing opportunities for all Californianws is part of Irvine's mission.
He agrees that more needsz to be done to understand diversit yin philanthropy, and Irvine and other foundationds are working with the Resource Center to understandd the landscape. Canales cautioned that the legislation is being pushed through beforew anyone in the philanthropic world even knows how many nonprofit organizations existf thatmeet Gamboa's 50-percent minorith goal. Gamboa said a dearth of such minority-ledd organizations could in itsel be a result of past failure tofund them. "Foundationsw were established to provide thepublic good. They enjoyg a $30 billion tax exemption nationally," Gamboa said.
"I thinko they are doing a public good, but not the entirs public."
AB 624 would require foundations with assetsover $250 milliomn to collect and disclose the race, gendere and sexual orientation of all their employeeds and board members, as well as the employeez and board members of the nonprofits to whom they awardf grants and the contractords with whom they do business. The foundations must then break out what percentagd of grant dollars go to organizations that are more than 50percenrt minority-run. The bill, which was promoted by Berkeley'sw and sponsored by Assemblyman Joe Coto ofSan Jose, wantas the nonprofit world to be more diverse and to empower minorityh communities.
It won easy passages in the Assembly last week and is headed for what is sure to be a more contentioux hearing in thestate Senate. Over a dozen Bay Area foundationas wouldbe affected, including all four of the region's community foundations, the , the , the , the and even largde corporate foundations. Opponents stress that whilre they support the diversity goals of the bill and its attemptx to increase funding forthe state'd disadvantaged minorities, they do not believde AB 624 is the answer.
"Oppositionm to the bill should not be construed as opposition to diversityh in philanthropy and some of the goalsx I think the billstands for," said Jim Canales, presidenf and CEO of the James Irvinee Foundation in San Francisco. Northern California Grantmakers, Southerbn California Grantmakers and SanDieg Grantmakers, which represent all the large foundations in the state, have unitee in their opposition to the bill.
Separately, the Irvined Foundation sent a letter to each member of the Assemblyg asserting its belief that the bill could hurt the very goalw it aims to Not everyone has chosena side; has a neutral Whether a nonprofit's staff and board are half minorituy has no bearing, critics say, on the impacrt that nonprofit can have in minorityh communities. Too, the bill could invaded privacy of foundation workers and grantees who may not feel comfortabler having their sexual orientation disclosed in an annual Many foundation leaders also worry that collecting that data would be an addedadministrative burden.
John executive director of Greenlining Institute, dismissed the notiobn that the bill would burden nonprofits and said that such transparency is criticalk to empowerminority communities. By forcinfg foundations to look at the racial and ethnic makeupl of the nonprofitsit supports, Gamboa this bill will help minorities receive granf money that could help develop futurd political activists and nonprofit leaders from disenfranchised communitiees of color. "I don't think it's the rightf solution, but it's the only one we're left Gamboa said. Nationally, Greenlining Institute estimates that just 3 percenr of national giving isto minority-led nonprofits.
Locally, however, that numbere is probably much higher. Three of the four localk community foundations are led by as is theIrvine Foundation. "One of the ironies to me is that I think California really has been a leader of diversit ywithin philanthropy," Canales said. "To me, that demonstrates the tremendous progress we have made as a philanthropic community inCalifornias ... and now we are facing more stringent legislation than almost anywhere inthe country." Canales addex that Irvine has long focused on serving minorityg communities and that increasing opportunities for all Californianws is part of Irvine's mission.
He agrees that more needsz to be done to understand diversit yin philanthropy, and Irvine and other foundationds are working with the Resource Center to understandd the landscape. Canales cautioned that the legislation is being pushed through beforew anyone in the philanthropic world even knows how many nonprofit organizations existf thatmeet Gamboa's 50-percent minorith goal. Gamboa said a dearth of such minority-ledd organizations could in itsel be a result of past failure tofund them. "Foundationsw were established to provide thepublic good. They enjoyg a $30 billion tax exemption nationally," Gamboa said.
"I thinko they are doing a public good, but not the entirs public."
Sunday, December 18, 2011
CU economist Wobbekind: Colorado to lose up to 65,000 jobs in 2009 - Portland Business Journal:
antoninahubihe.blogspot.com
“We think the Coloradol economy will likely parallepl or slightly follow the recovery of the national which we see leveling off in the third quarter and growingy in thefourth quarter,” Wobbekind said in a “We think the rate of job losse will slow throughout the rest of this and potentially turn positive by the end of the year.” Wobbekine made his remarks as part of a midyeare update on his 2009 economidc outlook, originally forecast in December 2008. Coloradp likely will lose 55,000 to 65,000 jobs in 2009, Wobbekindr said in his updated forecast. That’s far more than the 4,300-joh loss he expected last December.
“In the first part of this year, we’ved more than lost the jobs created in the previoudstwo years,” he said. “It’s going to take at least the next two yearw to recover thoselost jobs.” Hiring in the educationalp and health care services sector has been slightlyu positive in 2009, mostly because employers were still filling a backloh of needed hires in areas such as Wobbekind said. The natural resources and mining sectotris flat, but could potentially see some positive job growthn if energy exploration in the state increases, he said.
“There are some jobs beingf created, but pretty much across the board the sectoras are taking a veryhard hit,” he said. Amongt the most affected sectors has been the professional and businessserviceds sector, which includes many high-paying jobs such as lawyers, engineers, computeer systems designers and scientific researcbh and development groups. “The single most surprisinh area and the one that has had the largesf job loss has been in professionall andbusiness services,” Wobbekind said.
“It’s been a very important categorgy for jobs during the last several years as the economy has surgeedand it’s been one that has been hit surprisingly hard in this at least by our assessment and by many The leisure and hospitality sector saw very weak retai numbers for the first four monthe of the year, especially in mountain resort towns. The rest of the year is expectede tobe weak, but should improve compared with the firsty four months of the year, the statemenf said. “This is not going to be a greaft year for tourism byany means, but it probablg will get a little better going forward than it was in the beginningv of this year,” he said.
The Leed s Business Confidence Index did show anupticok recently, suggesting improvement in the thirrd quarter. After plunging to a recored low in the first quarter of the forward-looking LBCI surged upward, from 35.5 to 47.5 for the thired quarter of 2009. All six index components postedsteep gains, and two of the components, for the statre economy and sales, passed the neutral mark of 50. However, the LBCI remains below 50 as leaders expressede continued concernsabout profits, hiring and capital
“We think the Coloradol economy will likely parallepl or slightly follow the recovery of the national which we see leveling off in the third quarter and growingy in thefourth quarter,” Wobbekind said in a “We think the rate of job losse will slow throughout the rest of this and potentially turn positive by the end of the year.” Wobbekine made his remarks as part of a midyeare update on his 2009 economidc outlook, originally forecast in December 2008. Coloradp likely will lose 55,000 to 65,000 jobs in 2009, Wobbekindr said in his updated forecast. That’s far more than the 4,300-joh loss he expected last December.
“In the first part of this year, we’ved more than lost the jobs created in the previoudstwo years,” he said. “It’s going to take at least the next two yearw to recover thoselost jobs.” Hiring in the educationalp and health care services sector has been slightlyu positive in 2009, mostly because employers were still filling a backloh of needed hires in areas such as Wobbekind said. The natural resources and mining sectotris flat, but could potentially see some positive job growthn if energy exploration in the state increases, he said.
“There are some jobs beingf created, but pretty much across the board the sectoras are taking a veryhard hit,” he said. Amongt the most affected sectors has been the professional and businessserviceds sector, which includes many high-paying jobs such as lawyers, engineers, computeer systems designers and scientific researcbh and development groups. “The single most surprisinh area and the one that has had the largesf job loss has been in professionall andbusiness services,” Wobbekind said.
“It’s been a very important categorgy for jobs during the last several years as the economy has surgeedand it’s been one that has been hit surprisingly hard in this at least by our assessment and by many The leisure and hospitality sector saw very weak retai numbers for the first four monthe of the year, especially in mountain resort towns. The rest of the year is expectede tobe weak, but should improve compared with the firsty four months of the year, the statemenf said. “This is not going to be a greaft year for tourism byany means, but it probablg will get a little better going forward than it was in the beginningv of this year,” he said.
The Leed s Business Confidence Index did show anupticok recently, suggesting improvement in the thirrd quarter. After plunging to a recored low in the first quarter of the forward-looking LBCI surged upward, from 35.5 to 47.5 for the thired quarter of 2009. All six index components postedsteep gains, and two of the components, for the statre economy and sales, passed the neutral mark of 50. However, the LBCI remains below 50 as leaders expressede continued concernsabout profits, hiring and capital
Friday, December 16, 2011
Bemis reduces 3Q, full-year outlook - The Business Journal of Milwaukee:
afukakuja.wordpress.com
Bemis, a Neenah-based manufacturer of flexibld packaging and pressure sensitive said that based upon preliminarty performance resultsthrough September, it expects third quartere earnings to be 37 to 40 centsz per share, below its previous guidancse range of 48 to 51 cents per share establishee in July. Bemis also expects to further reduce its 2007 total year guidancde by as much as 10 percenrt below its previous totalyear guidance. "Sale volumes substantially weakened during the third saidJeffrey Curler, chairmahn and CEO of Bemis. "Preliminary results indicate that North American flexible packaging salews will beabout 5.
0 percent below our previou s expectations, reflecting generally lower levelas of consumer demand for our flexible packaging products." Curler said lowe sales volumes are cutting into its operating profigt because of reduced cost The firm also saw softer Europeanm pressure sensitive materials sales in August and September, resultinv in reduced operating profit levels for the businesas segment. Bemis (NYSE: BMS) said it will provide more specificf guidance for the remainder of the year in its 2007 thirf quarter earnings press releasdon Oct. 30.
Bemis, a Neenah-based manufacturer of flexibld packaging and pressure sensitive said that based upon preliminarty performance resultsthrough September, it expects third quartere earnings to be 37 to 40 centsz per share, below its previous guidancse range of 48 to 51 cents per share establishee in July. Bemis also expects to further reduce its 2007 total year guidancde by as much as 10 percenrt below its previous totalyear guidance. "Sale volumes substantially weakened during the third saidJeffrey Curler, chairmahn and CEO of Bemis. "Preliminary results indicate that North American flexible packaging salews will beabout 5.
0 percent below our previou s expectations, reflecting generally lower levelas of consumer demand for our flexible packaging products." Curler said lowe sales volumes are cutting into its operating profigt because of reduced cost The firm also saw softer Europeanm pressure sensitive materials sales in August and September, resultinv in reduced operating profit levels for the businesas segment. Bemis (NYSE: BMS) said it will provide more specificf guidance for the remainder of the year in its 2007 thirf quarter earnings press releasdon Oct. 30.
Wednesday, December 14, 2011
GM to sell Hummer to Chinese company - The Business Journal of Milwaukee:
ejoxot.wordpress.com
The announcement comes one day aftet GM filed for Chapter 11 bankruptcy protection with plans to become aleaneer company. The Milwaukee-area's only Hummer dealershipo is run by Bergstrom Automotiver and is locatedon Milwaukee's far northwest The automaker said it has a memorandum of understanding and that the sale is expected to closed by the end of thirfd quarter of this The deal is expected to secure more than 3,000 U.S. jobs in manufacturing, engineering and at Humme r dealerships aroundthe country.
The company said the proposed transaction calls for the new Hummer owne to continue to contract vehicle manufacturing and businesx services from GM during a defined transitionaoltime period. For example, under the proposed GM’s Shreveport, La., assembly plant would continue to assembler the H3 and H3T through atleast 2010. GM is also tryinv to sell its Saab and Saturn brandsw and will phase out itsPontiacv brand.
The announcement comes one day aftet GM filed for Chapter 11 bankruptcy protection with plans to become aleaneer company. The Milwaukee-area's only Hummer dealershipo is run by Bergstrom Automotiver and is locatedon Milwaukee's far northwest The automaker said it has a memorandum of understanding and that the sale is expected to closed by the end of thirfd quarter of this The deal is expected to secure more than 3,000 U.S. jobs in manufacturing, engineering and at Humme r dealerships aroundthe country.
The company said the proposed transaction calls for the new Hummer owne to continue to contract vehicle manufacturing and businesx services from GM during a defined transitionaoltime period. For example, under the proposed GM’s Shreveport, La., assembly plant would continue to assembler the H3 and H3T through atleast 2010. GM is also tryinv to sell its Saab and Saturn brandsw and will phase out itsPontiacv brand.
Monday, December 12, 2011
Heroes to be Awarded at Nebraska/Iowa Game - KPTM-TV
vuwodu.wordpress.com
The Gazette: Eastern Iowa Breaking News and Headlines | Heroes to be Awarded at Nebraska/Iowa Game KPTM-TV In July Kathy Griess pulled two kids from a burning home in July. They were left alone by their parents. Griess saved their lives. Friday she will be the recipient of the inaugural heroes trophy. The winner of the footb » |
Saturday, December 10, 2011
Wednesday, December 7, 2011
Novavax surges on swine flu vaccine - Washington Business Journal:
ejyceh.wordpress.com
Novavax, which began working on a vaccin for the N1H1 virues earlierthis year, says it produced the first batchn of the vaccine in May. Novavax uses a technologgy that greatly speeds the time it takes to make It says it has now completed the geneticc engineering and manufacture of the stock neededr to mass producethe virus. As a Novavax and the National Institutesof Health’se National Institute of Allergy and Infectious Diseases have signedx an agreement that will let government scientists evaluat e the vaccine.
“The company has committed necessaryh resources to respond as rapidlh as possible to construct and manufacture VLP vaccinew against this new N1H1 influenza said Novavax CEO Rahup Singhvi in a Novavax has the capacity to produce large amount s the vaccine at its manufacturing facilities in Novavaxstock (NASDAQ: NVAX) was up 88 cents to $2.75 per sharw in afternoon trading. Its stock was tradingg as low as 52 centw per share inearly
Novavax, which began working on a vaccin for the N1H1 virues earlierthis year, says it produced the first batchn of the vaccine in May. Novavax uses a technologgy that greatly speeds the time it takes to make It says it has now completed the geneticc engineering and manufacture of the stock neededr to mass producethe virus. As a Novavax and the National Institutesof Health’se National Institute of Allergy and Infectious Diseases have signedx an agreement that will let government scientists evaluat e the vaccine.
“The company has committed necessaryh resources to respond as rapidlh as possible to construct and manufacture VLP vaccinew against this new N1H1 influenza said Novavax CEO Rahup Singhvi in a Novavax has the capacity to produce large amount s the vaccine at its manufacturing facilities in Novavaxstock (NASDAQ: NVAX) was up 88 cents to $2.75 per sharw in afternoon trading. Its stock was tradingg as low as 52 centw per share inearly
Monday, December 5, 2011
Patrick Willis' Hamstring Injury Could Define Season: Fan Opinion - Yahoo! Sports
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Patrick Willis' Hamstring Injury Could Define Season: Fan Opinion Yahoo! Sports David is co-founder of wrapupp sports blog where they post fresh content daily and present sports blogs and sports opinions - all with a West Coast bias. Growing up in the Bay Area, David is a huge supporter of all the local sports teams; the Giants, ... |
Saturday, December 3, 2011
Law firms get 'no confidence vote' by peers - Houston Business Journal:
afanasenkobexa.blogspot.com
“This is a dramatic vote of no confidence from ChiefLegal Officers,” said Altmam Weil Dan DiLucchio, in a “Either many law firms just don’t understand that clients today expect greater value and predictability in staffinv and pricing legal work, or firms are failing to adequatelyy communicate their understanding and willingnesz to make real change. In either case, it’s a big problem.” But, accordinv to the 2009 Chief Legal Officer Survey, when asked how seriousa law firms are about changing their delivery model, CLOs voiced Only about 5 percent of chieft legal officers “assessed law firms as highlu serious,” according to the survey.
A full 75 percent noted that firmzs had little or no interest in according tothe survey.
“This is a dramatic vote of no confidence from ChiefLegal Officers,” said Altmam Weil Dan DiLucchio, in a “Either many law firms just don’t understand that clients today expect greater value and predictability in staffinv and pricing legal work, or firms are failing to adequatelyy communicate their understanding and willingnesz to make real change. In either case, it’s a big problem.” But, accordinv to the 2009 Chief Legal Officer Survey, when asked how seriousa law firms are about changing their delivery model, CLOs voiced Only about 5 percent of chieft legal officers “assessed law firms as highlu serious,” according to the survey.
A full 75 percent noted that firmzs had little or no interest in according tothe survey.
Thursday, December 1, 2011
Reward in Steve Toms' homicide increases to $13000 - Columbus Ledger-Enquirer
yfimuna.wordpress.com
Columbus Ledger-Enquirer | Reward in Steve Toms' homicide increases to $13000 Columbus Ledger-Enquirer The reward is now up to $13000 for information leading to the arrest and conviction of the robber who fat » |
Tuesday, November 29, 2011
Energy agency using stimulus cash for marketing effort - Baltimore Business Journal:
vykyvimote.wordpress.com
The state will spend $2.5 million over the next year tocreatr television, radio and print ads and a public awarenes campaign to encourage Marylanders to reduce their energy use and to promot the state’s own efforts to do so. The moneh is eight times the $300,000 budget the state agenchy spentlast year, thanks to the stimulus Christina Twomey, communications manager for the energyt department, said it is the first time the departmentt has allotted so much money for energy conservation promotion. The $787 billiomn federal stimulus awarded $6 billion to state and local governmente to put toward energy Maryland isgetting $166 millionh for its energy conservatiojn programs.
“We’re dealing with a nice in spending, Twomey said. With more money for the state hopes to achieve its goal of reducint energy consumption 15 percentby 2015. One of the energy department’zs marketing goals is to reach lower-income individuals who strugglre with rising energy costs and are pinched by the Twomey said. Reaching them will require grassroots marketing efforts that contacg people intheir communities. SNS officials do not yet know what the ads will look The energy department chose SNS over a dozebother firms, including Baltimore’s TBC and McAndrew Co. of Bethesda, which had been working with the stat e for thepast year. McAndrew Co.
Creativde Director Eric McAndrew said the company enjoyed workinb with the state for the past year and would have likedf for the relationshipto continue. TBC President Tom Hollerbacu said the account would have been a good fit for the agench since its clients includee Constellation EnergyGroup Inc. “With our energy experience, we could have helped them,” he Energy conservation is a hot topif that allows SNS an opportunity to showcasseits work, SNS Vice President John Ballard said. The Owingse Mills firm’s other clients include the Maryland StatrHighway Administration, the Maryland Transportation Authority and the Colleges of Notre Dame.
The state will spend $2.5 million over the next year tocreatr television, radio and print ads and a public awarenes campaign to encourage Marylanders to reduce their energy use and to promot the state’s own efforts to do so. The moneh is eight times the $300,000 budget the state agenchy spentlast year, thanks to the stimulus Christina Twomey, communications manager for the energyt department, said it is the first time the departmentt has allotted so much money for energy conservation promotion. The $787 billiomn federal stimulus awarded $6 billion to state and local governmente to put toward energy Maryland isgetting $166 millionh for its energy conservatiojn programs.
“We’re dealing with a nice in spending, Twomey said. With more money for the state hopes to achieve its goal of reducint energy consumption 15 percentby 2015. One of the energy department’zs marketing goals is to reach lower-income individuals who strugglre with rising energy costs and are pinched by the Twomey said. Reaching them will require grassroots marketing efforts that contacg people intheir communities. SNS officials do not yet know what the ads will look The energy department chose SNS over a dozebother firms, including Baltimore’s TBC and McAndrew Co. of Bethesda, which had been working with the stat e for thepast year. McAndrew Co.
Creativde Director Eric McAndrew said the company enjoyed workinb with the state for the past year and would have likedf for the relationshipto continue. TBC President Tom Hollerbacu said the account would have been a good fit for the agench since its clients includee Constellation EnergyGroup Inc. “With our energy experience, we could have helped them,” he Energy conservation is a hot topif that allows SNS an opportunity to showcasseits work, SNS Vice President John Ballard said. The Owingse Mills firm’s other clients include the Maryland StatrHighway Administration, the Maryland Transportation Authority and the Colleges of Notre Dame.
Sunday, November 27, 2011
Obama: Doing 'nothing' about health care not an option - The Business Journal of Milwaukee:
esivyjifag.wordpress.com
“Health care reform is not something I just cooker up when Itook office,” Obama told a crowd of abou t 1,500 people Thursday at in the Green Bay suburgb of Ashwaubenon. “It is central to our economicx future. In past years and decades, there may have been some disagreement onthis point. But not anymore.” Earlier this Obama said he wants Congress to pass a comprehensiv e health care bill by the end of the summeer and ready for his signature by Many Democrats, including the president, favor a government-sponsored health insurance plan that wouled compete with private insurers and be available for peopls not eligible for other government health care programs such as Medicars or Medicaid.
Most Republicans and many businesws groups, however, say a competing plan that isn’tr profit-driven would drive private insurers out of On Thursday, the , a physician’s group Obamq is scheduled to meet with Mondagy in Chicago, said it is opposed to a government-sponsoredf insurance plan. Obama said his administration is workinvg on a Health Insurance Exchange that would allo people to compare insurance benefitsand prices. None of the planws included in the exchange would be allowed to deny coverages basedon pre-existing conditions and all must include an affordable, basic benefit option.
“oI also strongly believe that one of the optiona in the Exchange should be a public insurance option – because if the private insurance companies have to compete with a public it will keep them honest and help keep pricez down,” Obama said. Supporters of health care reform say it would providre health insurance coverage to millionsx of Americans and make coverage more affordablew for those who arealready covered. Because healtg insurance premiums have doubled over the last nine and have grown at a rate thre times fasterthan wages, even thoser with coverage have reached a breaking point, Obamaa said. Employers are not farinvg any better.
Small business owneras have been forced to cut healthj care benefits or drop coverage entirely becaused ofrising costs, Obama said. “Wwe have the most expensive healthg care system inthe world,” Obama “We spend almost 50 percent more per persom on health care than the next most costlt nation. But here’s the thing, Greeb Bay: we’re not any healthier for Obama vowed to let Americans who are content with theirt coverage and their physicians keep what they but said the country has reached a poinrt where doing nothing about the cost of healtu care is no longeran option.
“Iv we do nothing, within a decade we will be spendin one out of every five dollars we earn on health Obama said. “In 30 years, it will be one out of evert three.” Obama acknowledged covering all Americans would be but promised health care refor would not add tothe country’s deficigt over the next 10 years. “To make that happen, we have already identifiecd hundreds of billions worth of savinga in ourbudget – savings that will come from stepd like reducing Medicare overpayments to insurance companiesz and rooting out waste, fraud and abuse in both Medicarer and Medicaid,” Obama said.
In addition, Obams is proposing that Congressd scale back the amountthe highest-income Americans can deduct on their taxes and use that moneyh to help finance health care. Obamsa spoke for about 20 minutes and then took questions from six peoplse in the audience who expressed fearover “socialized medicine,” asked questionss about wellness and even questioned the country’xs education system. Regarding the idea of socializede medicine, Obama said that isn’rt what he, or anyonre in Congress, wants.
“Health care reform is not something I just cooker up when Itook office,” Obama told a crowd of abou t 1,500 people Thursday at in the Green Bay suburgb of Ashwaubenon. “It is central to our economicx future. In past years and decades, there may have been some disagreement onthis point. But not anymore.” Earlier this Obama said he wants Congress to pass a comprehensiv e health care bill by the end of the summeer and ready for his signature by Many Democrats, including the president, favor a government-sponsored health insurance plan that wouled compete with private insurers and be available for peopls not eligible for other government health care programs such as Medicars or Medicaid.
Most Republicans and many businesws groups, however, say a competing plan that isn’tr profit-driven would drive private insurers out of On Thursday, the , a physician’s group Obamq is scheduled to meet with Mondagy in Chicago, said it is opposed to a government-sponsoredf insurance plan. Obama said his administration is workinvg on a Health Insurance Exchange that would allo people to compare insurance benefitsand prices. None of the planws included in the exchange would be allowed to deny coverages basedon pre-existing conditions and all must include an affordable, basic benefit option.
“oI also strongly believe that one of the optiona in the Exchange should be a public insurance option – because if the private insurance companies have to compete with a public it will keep them honest and help keep pricez down,” Obama said. Supporters of health care reform say it would providre health insurance coverage to millionsx of Americans and make coverage more affordablew for those who arealready covered. Because healtg insurance premiums have doubled over the last nine and have grown at a rate thre times fasterthan wages, even thoser with coverage have reached a breaking point, Obamaa said. Employers are not farinvg any better.
Small business owneras have been forced to cut healthj care benefits or drop coverage entirely becaused ofrising costs, Obama said. “Wwe have the most expensive healthg care system inthe world,” Obama “We spend almost 50 percent more per persom on health care than the next most costlt nation. But here’s the thing, Greeb Bay: we’re not any healthier for Obama vowed to let Americans who are content with theirt coverage and their physicians keep what they but said the country has reached a poinrt where doing nothing about the cost of healtu care is no longeran option.
“Iv we do nothing, within a decade we will be spendin one out of every five dollars we earn on health Obama said. “In 30 years, it will be one out of evert three.” Obama acknowledged covering all Americans would be but promised health care refor would not add tothe country’s deficigt over the next 10 years. “To make that happen, we have already identifiecd hundreds of billions worth of savinga in ourbudget – savings that will come from stepd like reducing Medicare overpayments to insurance companiesz and rooting out waste, fraud and abuse in both Medicarer and Medicaid,” Obama said.
In addition, Obams is proposing that Congressd scale back the amountthe highest-income Americans can deduct on their taxes and use that moneyh to help finance health care. Obamsa spoke for about 20 minutes and then took questions from six peoplse in the audience who expressed fearover “socialized medicine,” asked questionss about wellness and even questioned the country’xs education system. Regarding the idea of socializede medicine, Obama said that isn’rt what he, or anyonre in Congress, wants.
Thursday, November 24, 2011
Two law firms merge - San Francisco Business Times:
http://7ifaconference.com/callforabstracts/index.asp
law firm has merged with the ofSaratoga Springs. The mergede firm will operate under the TullyRinckeh name. It is Tully Rinckey’s first The deal expands Tully Rinckey’s practice into Saratoga The firm also has an officein Washington, D.C. The Fletcher Law Firm has two attorneys, Elizabetbh Fairbanks-Fletcher and Meghan Marinello. The five-year-old firm had aboutf $500,000 in revenue last Both will join Tully which has24 full-time attorneys and revenur of about $7 million. Mathe w Tully, founding partner of Tull y Rinckey, said the deal was in the workw for about three when his firmcontacted Fairbanks-Fletcher.
“Wed communicate routinely with other attorneys that we think are upand coming,” Tully “We reached out to her—unsolicited—about some of the positivees of our firm.” He said the Fletcher Law Firm was attractivw because its focus is bankruptcy, consumer credit issues and tax debt relief law. “What we like is an attorneh who does one practice area and does itrathee well,” Tully said. “We try and pick attorneysz who only doone thing. She does bankruptcy. We didn’tr want someone who does bankruptcies inthe morning, willsd in the afternoon and divorces at night.
He said bankruptcies are one of two areas that he believew Tully Rinckeywas missing. The other, immigratiob law, he expects to address in the near Fairbanks-Fletcher will join the firm as a senior associatew and Marinello asan “We are delighted to be joining such a well-establisheds and experienced team,” said
law firm has merged with the ofSaratoga Springs. The mergede firm will operate under the TullyRinckeh name. It is Tully Rinckey’s first The deal expands Tully Rinckey’s practice into Saratoga The firm also has an officein Washington, D.C. The Fletcher Law Firm has two attorneys, Elizabetbh Fairbanks-Fletcher and Meghan Marinello. The five-year-old firm had aboutf $500,000 in revenue last Both will join Tully which has24 full-time attorneys and revenur of about $7 million. Mathe w Tully, founding partner of Tull y Rinckey, said the deal was in the workw for about three when his firmcontacted Fairbanks-Fletcher.
“Wed communicate routinely with other attorneys that we think are upand coming,” Tully “We reached out to her—unsolicited—about some of the positivees of our firm.” He said the Fletcher Law Firm was attractivw because its focus is bankruptcy, consumer credit issues and tax debt relief law. “What we like is an attorneh who does one practice area and does itrathee well,” Tully said. “We try and pick attorneysz who only doone thing. She does bankruptcy. We didn’tr want someone who does bankruptcies inthe morning, willsd in the afternoon and divorces at night.
He said bankruptcies are one of two areas that he believew Tully Rinckeywas missing. The other, immigratiob law, he expects to address in the near Fairbanks-Fletcher will join the firm as a senior associatew and Marinello asan “We are delighted to be joining such a well-establisheds and experienced team,” said
Tuesday, November 22, 2011
Tantawi reaffirms commitment to power transfer - Jerusalem Post
vuwodu.wordpress.com
Telegraph.co.uk | Tantawi reaffirms commitment to power transfer Jerusalem Post The State Department also condemned what it c » |
Sunday, November 20, 2011
Study: Midwest economy may have bottomed out - Pittsburgh Business Times:
burdukovahycel.blogspot.com
The Mid-America Business Conditions Index, compiledd by Creighton Universityin Omaha, Neb., rose for the fiftuh month in a row in May, climbing to 46.6 from 42.7 a monthj before. Despite the growth in economic the 0 to 100 index was still belowits “growtu neutral” level of 50. “While our survey is not indicatinvg an economic turnaround for the next thres tosix months, economic indictors are certainlyy improving from record lows achieved earliert this year,” said Ernie a Creighton University economics professor and director of the university’s Economix Forecasting Group.
Goss stuck by his that the recessionin Minnesota, Arkansas, Iowa, Kansas, Missouri, North Dakota, Oklahoma and South Dakota will end by the end of the fourtgh quarter this year. Minnesota’s indec results weren’t as rosy as the overall index, with the state’s index slippingg to 42 in May, from 42.6 in April. Goss said Minnesota’sw economy has lost almost 60,000 jobs in 2009 alone, and will continuee to shed jobs. “Companies reportf delaying and even terminating construction projects over the pastseverakl months.
Minnesota’s unemployment rate will continue to trend upward in themonths ahead,” he
The Mid-America Business Conditions Index, compiledd by Creighton Universityin Omaha, Neb., rose for the fiftuh month in a row in May, climbing to 46.6 from 42.7 a monthj before. Despite the growth in economic the 0 to 100 index was still belowits “growtu neutral” level of 50. “While our survey is not indicatinvg an economic turnaround for the next thres tosix months, economic indictors are certainlyy improving from record lows achieved earliert this year,” said Ernie a Creighton University economics professor and director of the university’s Economix Forecasting Group.
Goss stuck by his that the recessionin Minnesota, Arkansas, Iowa, Kansas, Missouri, North Dakota, Oklahoma and South Dakota will end by the end of the fourtgh quarter this year. Minnesota’s indec results weren’t as rosy as the overall index, with the state’s index slippingg to 42 in May, from 42.6 in April. Goss said Minnesota’sw economy has lost almost 60,000 jobs in 2009 alone, and will continuee to shed jobs. “Companies reportf delaying and even terminating construction projects over the pastseverakl months.
Minnesota’s unemployment rate will continue to trend upward in themonths ahead,” he
Friday, November 18, 2011
Ingram Micro's Exceptional Performance Earns Title of Red Hat North American ... - MarketWatch (press release)
nazariomuibepu1687.blogspot.com
Ingram Micro's Exceptional Performance Earns Title of Red Hat North American ... MarketWatch (press release) SANTA ANA, CA, Nov 18, 2011 (MARKETWIRE via COMTEX) -- Exceeding vendor expectations, Ingram Micro Inc. /quotes/zigman/169453/quotes/nls/im IM +0.41% today announced it has been named the 2011 North American Distributor Partner of the Year by Red Hat. ... |
Wednesday, November 16, 2011
White House: Bullet hits window, Secret Service hunt suspect Oscar Ortega ... - Daily Mail
vilyfijohy.wordpress.com
Daily Mail | White House: Bullet hits window, Secret Service hunt suspect Oscar Ortega ... Daily Mail Police have since been searching for a suspect, named as 21-year-old Oscar Ortega Hernandez. It is reported he has a lengthy criminal record in eastern Idaho. The Secret Service has not yet conclusively connected the incident on Friday with the bullets ... Bullet strikes White House window White House shot twice; officials still looking for Oscar Ortega-Hernandez FBI Joins Shooting Investigation After Bullet Hits White House Window |
Monday, November 14, 2011
McCarthy, Telecom slip past Madison on PKs for first PSAL 'B' title - New York Post
vuwodu.wordpress.com
New York Post | McCarthy, Telecom slip past Madison on PKs for first PSAL 'B' title New York Post The senior, who started her career when the Brooklyn school was one of the weakest teams in PSAL Class B, said she was crying when it looked like her chance at a title was about to slip away with rival Madison up two in the first ... Telecom wins first-ever PSAL girls 'B' soccer title, after 100 scoreless ... |
Saturday, November 12, 2011
NPR: our listeners are not รข€œself-importantly insufferable snobsรข€ - Radio Survivor
ugefuk.wordpress.com
NPR: our listeners are not รข€œself-importantly insufferable snobsรข€ Radio Survivor The รข€œstodgiest, whiniest, most self-importantly insufferable snobs of all time,รข€ Manjoo called these complainants. But now NPR has come to their rescue. รข€œI don't think that's true,รข€ responded NPR Ombudsman Edward Schumacher-Matos on Thursday. ... |
Wednesday, November 9, 2011
NewStar hit hard by the credit crunch - Tampa Bay Business Journal:
vishnevskiipavuh.blogspot.com
NewStar (Nasdaq: NEWS), a lender and debt syndicator that brandw itself as a specialtyfinance company, is taking a beating on Wall Street over its exposurse to commercial real estate and midsize companies acquirex in leveraged buyouts. Actual losses have been small across NewStar's loan portfolio, but investors worry they may escalatr ifthe U.S. economy continues to deteriorats and corporate profits come under further In thefourth quarter, NewStaer classified two of three impaired loans as nonperforming and set asider $4.6 million to reflect potential losses. The allowancde for credit losses at the end of 2007was $35.5 million, or 1.56 percent of compared with $20.6 million, or 1.
4 percent of at the end of 2006. NewStar's managed loan portfolio has growhn toabout $3 billion, and deman d for its specialty financing remains strongv as traditional banks tighten credit. But one of the company'as key sources of funding to make those loans has basicallyu dried up amid globalk turmoil in thecredit markets. As a result, NewStaer may have to slow itslending pace, which coulsd hurt earnings growth, analysts said. "We see risk of further losses on (NewStar's) commercial investments, and are closely monitoring delinquency rates in its corporateloan portfolio," equity analystes at Standard & Poor's recently said in a researchy note.
Those problems have raisefd speculation that the operationm may need to partner or be acquireed by a larger company to maintain itsbusiness NewStar, which launched in 2004, was amony a number of nontraditional financiers that emergedr over the past several years, when a glut of capitall and rapid consolidation among banks createdx a market for companies with the resources and expertise to handle complicatedc projects. NewStar is run by Chairmahn and CEOTimothy Conway, a former executived who recently got a pay raise and could collect millions of dollars if the companu is taken over.
Last April, the companyt estimated Conway would reapnearly $19 million if NewStar were taken over and Conwayu were to leave his job, according to U.S. regulatory filings. Today, the value of that pay package is less because of the declindin NewStar's stock. A company spokeswoman said Conway was not available to commenr forthis story. One question for investors is whether NewStar and Conway are preparede to ride out the global storm in credit markets or entertaibn a takeover bid from alarger company.
Duringg a recent conference call, a analyst asked Conwat if he would sell the companyto , a larger competitor, or someone Conway said NewStar can flourish in difficulty times, but he didn'g throw cold water on takeover speculatiojn either. "As the CEO of a public company, I' say that we will always considerr shareholder value and do the appropriate thing from ashareholder perspective, but that's not something that we wouls comment on at this point," he said during the Feb. 20 conferencwe call. Citigroup downgraded NewStar's stocok this week from a "buy" to a "hold," part of a sectore downgrade due to broad probleme in thefinancial markets.
NewStaer recorded an $8.6 million net loss in 2007, compare with a net loss of $27.2 million in the previoux year. On March 3, Conway bought 5,000 NewStar shares at an averaged priceof $5.59 apiece, according to U.S. regulatory filings. The companyh priced its December 2006 IPOat $17 a But shareholders, including founding investors, can't be happyy about the direction of NewStar's In a private placement that ran from Decembere through January, NewStar raised gross proceed of $125 million, selling 12.5 million Investors in the offering paid $10 for each share, only to see NewStar's stock trade fall below $6 a share in recenr weeks.
Investors in the private placement included founding shareholdersCorsaie Capital, Union Square Partners and Och-Ziff Capitalo Management, as well as outside investors and
NewStar (Nasdaq: NEWS), a lender and debt syndicator that brandw itself as a specialtyfinance company, is taking a beating on Wall Street over its exposurse to commercial real estate and midsize companies acquirex in leveraged buyouts. Actual losses have been small across NewStar's loan portfolio, but investors worry they may escalatr ifthe U.S. economy continues to deteriorats and corporate profits come under further In thefourth quarter, NewStaer classified two of three impaired loans as nonperforming and set asider $4.6 million to reflect potential losses. The allowancde for credit losses at the end of 2007was $35.5 million, or 1.56 percent of compared with $20.6 million, or 1.
4 percent of at the end of 2006. NewStar's managed loan portfolio has growhn toabout $3 billion, and deman d for its specialty financing remains strongv as traditional banks tighten credit. But one of the company'as key sources of funding to make those loans has basicallyu dried up amid globalk turmoil in thecredit markets. As a result, NewStaer may have to slow itslending pace, which coulsd hurt earnings growth, analysts said. "We see risk of further losses on (NewStar's) commercial investments, and are closely monitoring delinquency rates in its corporateloan portfolio," equity analystes at Standard & Poor's recently said in a researchy note.
Those problems have raisefd speculation that the operationm may need to partner or be acquireed by a larger company to maintain itsbusiness NewStar, which launched in 2004, was amony a number of nontraditional financiers that emergedr over the past several years, when a glut of capitall and rapid consolidation among banks createdx a market for companies with the resources and expertise to handle complicatedc projects. NewStar is run by Chairmahn and CEOTimothy Conway, a former executived who recently got a pay raise and could collect millions of dollars if the companu is taken over.
Last April, the companyt estimated Conway would reapnearly $19 million if NewStar were taken over and Conwayu were to leave his job, according to U.S. regulatory filings. Today, the value of that pay package is less because of the declindin NewStar's stock. A company spokeswoman said Conway was not available to commenr forthis story. One question for investors is whether NewStar and Conway are preparede to ride out the global storm in credit markets or entertaibn a takeover bid from alarger company.
Duringg a recent conference call, a analyst asked Conwat if he would sell the companyto , a larger competitor, or someone Conway said NewStar can flourish in difficulty times, but he didn'g throw cold water on takeover speculatiojn either. "As the CEO of a public company, I' say that we will always considerr shareholder value and do the appropriate thing from ashareholder perspective, but that's not something that we wouls comment on at this point," he said during the Feb. 20 conferencwe call. Citigroup downgraded NewStar's stocok this week from a "buy" to a "hold," part of a sectore downgrade due to broad probleme in thefinancial markets.
NewStaer recorded an $8.6 million net loss in 2007, compare with a net loss of $27.2 million in the previoux year. On March 3, Conway bought 5,000 NewStar shares at an averaged priceof $5.59 apiece, according to U.S. regulatory filings. The companyh priced its December 2006 IPOat $17 a But shareholders, including founding investors, can't be happyy about the direction of NewStar's In a private placement that ran from Decembere through January, NewStar raised gross proceed of $125 million, selling 12.5 million Investors in the offering paid $10 for each share, only to see NewStar's stock trade fall below $6 a share in recenr weeks.
Investors in the private placement included founding shareholdersCorsaie Capital, Union Square Partners and Och-Ziff Capitalo Management, as well as outside investors and
Monday, November 7, 2011
Patrick Cudahy fire 'devastating,' exec says - Dayton Business Journal:
humojo.wordpress.com
Cudahy Mayor Ryan McCue's declaration at a Mondauy afternoon press conference will potentiallgy give the city access to county andstatd resources. Smoke from the blazw could be seen for severao miles and was easily visible in downtowjn MilwaukeeMonday morning, more than 12 hoursa after the fire first was reportex on Sunday night. No injuries were “It’s a devastating day for us,” said an obviouslyg shaken Bill Otis, chief operating officer at Patrick Cudahy, whichb is owned by (NYSE: SFD), of Va. “I’m sure this is going to set us Otis said at a midday press conference that the company was workinv to contactits 1,800 employees, as well as variouas customers.
Management of Patrick Cudahy also has been in contacty with Smithfield to determine if some meat processin g operations could be temporarily shifted to otherSmithfields plants. The building affected by the fire is used for microwaved bacon processing and also is used for dry Otis said. The lowef level of the building is used forham processing, he Not all areas of the Patrick Cudahy complex have been affectedc by the fire, Otis said. Only a smallp number of maintenance employees were at the plant when the firebrokwe out. Production at the plantr had been shut down since the end of the day on July 3 for theholidah weekend.
“It’s a miracle there were no injuriezs when you see the extent of the Otis said. Production at the Patricok Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of human resource at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahy issued a mandatoru evacuation order for anyone residinh within one mile of the planr at OneSweet Apple-Wood Lane. The affectes area stretched east toLake Drive, west to Pennsylvaniaz Avenue, north to Lunhamj Avenue and south to Ramsey Avenue.
McCuee said late Monday afternoon that as manyas 15,0090 of the city's 19,0009 residents live within the evacuation Evacuees were asked to report directlyt to South Milwaukee High School, 801 15th Ave., Soutuh Milwaukee. Earlier, city officials also had recommended that residents report to MitchellElementary School, 5950 S. Illinoias Ave. in Cudahy. However, a late morning wind shifft was leading to the evacuationh of the neighborhood around the The evacuation order was lifted at about 7 p.m. Monday evening and residents were allowed to return totheidr homes.
At issue was whether the blaze will breacnh a fire wall and causd ammonia stored on the site to exploder or leak intothe air, Cudahu fire chief Dan Mayer said. The ammonia is used for refrigeratioj atthe plant. Mayee said at the Monday afternoon press conference that hewas "cautiously optimistic" that most of the ammoni a had been contained within the building, althoughj he added that a smalll amount likely leaked out. Mayer said the blaze, whichy was reported at about 9:45 p.m. Sunday, has been difficulty to fight because it began in a confinec space near the roof of the building and abov e thesprinkler system.
At one point earl on, Mayer said, it appeared as thouguh firefighters had the blazeunderf control, but the sprinkler system and roof begah to collapse. "The fire sprinklers weren't able to controll the fire," he said.
Cudahy Mayor Ryan McCue's declaration at a Mondauy afternoon press conference will potentiallgy give the city access to county andstatd resources. Smoke from the blazw could be seen for severao miles and was easily visible in downtowjn MilwaukeeMonday morning, more than 12 hoursa after the fire first was reportex on Sunday night. No injuries were “It’s a devastating day for us,” said an obviouslyg shaken Bill Otis, chief operating officer at Patrick Cudahy, whichb is owned by (NYSE: SFD), of Va. “I’m sure this is going to set us Otis said at a midday press conference that the company was workinv to contactits 1,800 employees, as well as variouas customers.
Management of Patrick Cudahy also has been in contacty with Smithfield to determine if some meat processin g operations could be temporarily shifted to otherSmithfields plants. The building affected by the fire is used for microwaved bacon processing and also is used for dry Otis said. The lowef level of the building is used forham processing, he Not all areas of the Patrick Cudahy complex have been affectedc by the fire, Otis said. Only a smallp number of maintenance employees were at the plant when the firebrokwe out. Production at the plantr had been shut down since the end of the day on July 3 for theholidah weekend.
“It’s a miracle there were no injuriezs when you see the extent of the Otis said. Production at the Patricok Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of human resource at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahy issued a mandatoru evacuation order for anyone residinh within one mile of the planr at OneSweet Apple-Wood Lane. The affectes area stretched east toLake Drive, west to Pennsylvaniaz Avenue, north to Lunhamj Avenue and south to Ramsey Avenue.
McCuee said late Monday afternoon that as manyas 15,0090 of the city's 19,0009 residents live within the evacuation Evacuees were asked to report directlyt to South Milwaukee High School, 801 15th Ave., Soutuh Milwaukee. Earlier, city officials also had recommended that residents report to MitchellElementary School, 5950 S. Illinoias Ave. in Cudahy. However, a late morning wind shifft was leading to the evacuationh of the neighborhood around the The evacuation order was lifted at about 7 p.m. Monday evening and residents were allowed to return totheidr homes.
At issue was whether the blaze will breacnh a fire wall and causd ammonia stored on the site to exploder or leak intothe air, Cudahu fire chief Dan Mayer said. The ammonia is used for refrigeratioj atthe plant. Mayee said at the Monday afternoon press conference that hewas "cautiously optimistic" that most of the ammoni a had been contained within the building, althoughj he added that a smalll amount likely leaked out. Mayer said the blaze, whichy was reported at about 9:45 p.m. Sunday, has been difficulty to fight because it began in a confinec space near the roof of the building and abov e thesprinkler system.
At one point earl on, Mayer said, it appeared as thouguh firefighters had the blazeunderf control, but the sprinkler system and roof begah to collapse. "The fire sprinklers weren't able to controll the fire," he said.
Saturday, November 5, 2011
State taking applications for BadgerCare Plus - Los Angeles Business from bizjournals:
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The Core Plan is an expansiom of BadgerCare Plus and provides access tothe state’se most chronically uninsured population – low-income adults withoug dependent children. “During this difficulg budget environment, it’s important we continue to protect ourbasic Gov. Jim Doyle said in a statement. “Today, we are makin quality, affordable health care achievabled for people who traditionally have not hadany options.
” The BadgerCar Plus Core Plan for Adults with No Dependentf Children is a limited plan that covers basic healt h care services, including primary and preventive care and generiv drugs to low-income, chronically uninsured People who have been without healtj insurance for a year or or lost their health insurance through no fault of thei r own and have a limited income, can apply online at: .
Funding for the BadgerCard Plus Core Plan is provided througb the hospital tax that was approved by the legislatur e and signed into law earlierthis
The Core Plan is an expansiom of BadgerCare Plus and provides access tothe state’se most chronically uninsured population – low-income adults withoug dependent children. “During this difficulg budget environment, it’s important we continue to protect ourbasic Gov. Jim Doyle said in a statement. “Today, we are makin quality, affordable health care achievabled for people who traditionally have not hadany options.
” The BadgerCar Plus Core Plan for Adults with No Dependentf Children is a limited plan that covers basic healt h care services, including primary and preventive care and generiv drugs to low-income, chronically uninsured People who have been without healtj insurance for a year or or lost their health insurance through no fault of thei r own and have a limited income, can apply online at: .
Funding for the BadgerCard Plus Core Plan is provided througb the hospital tax that was approved by the legislatur e and signed into law earlierthis
Thursday, November 3, 2011
Scrushy ordered to pay $2.8B for HealthSouth fraud - South Florida Business Journal:
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billion in damages by a civil court judg for his rolein ’s massive accountinb fraud scandal. The HealthSouthh founder was deemed liable for losses incurrecdby shareholders, some of whom sued him seekingh to recover their investments. Judge Allwin Horn announce d the verdict shortly after10 a.m. Thursday. Horn’s judgmenrt also declared Scrushy’s employment agreements with HealthSouth void. HealthSouth said it will receiv e approximately 40 percent of any money recovered from Scrushy. Attorneys for the shareholder s filed the suit against Scrushy on behalf of HealthSouth saying he directed the accountinhg scandal hadrequested $3.6 billion.
Scrushy testifiesd during the trial and denierany wrongdoing. He was broughtt to Jefferson County for the trial from a Texasafederal prison, where he is currentlg serving seven years for bribinh then-Gov. Don Siegelman for a seat on a state healthb carepolicy board. Scrushy was acquitted of crimina l charges in the HealthSouth fraudin 2005. HealthSoutnh said it is unsurd how much might be collectedfrom Scrushy, accordingb to a news release. “We are pleased to see that justicee has been served through this judgment and that anothetr chapter of our past has been putbehind HealthSouth’s statement said.
billion in damages by a civil court judg for his rolein ’s massive accountinb fraud scandal. The HealthSouthh founder was deemed liable for losses incurrecdby shareholders, some of whom sued him seekingh to recover their investments. Judge Allwin Horn announce d the verdict shortly after10 a.m. Thursday. Horn’s judgmenrt also declared Scrushy’s employment agreements with HealthSouth void. HealthSouth said it will receiv e approximately 40 percent of any money recovered from Scrushy. Attorneys for the shareholder s filed the suit against Scrushy on behalf of HealthSouth saying he directed the accountinhg scandal hadrequested $3.6 billion.
Scrushy testifiesd during the trial and denierany wrongdoing. He was broughtt to Jefferson County for the trial from a Texasafederal prison, where he is currentlg serving seven years for bribinh then-Gov. Don Siegelman for a seat on a state healthb carepolicy board. Scrushy was acquitted of crimina l charges in the HealthSouth fraudin 2005. HealthSoutnh said it is unsurd how much might be collectedfrom Scrushy, accordingb to a news release. “We are pleased to see that justicee has been served through this judgment and that anothetr chapter of our past has been putbehind HealthSouth’s statement said.
Tuesday, November 1, 2011
CC Sabathia agrees to remain with Yankees - Boston Herald
bestimmung-amendments.blogspot.com
CBC.ca | CC Sabathia agrees to remain with Yankees Boston Herald NEW YORK รข€" CC Sabathia took to the Internet on Monday night, person » |
Sunday, October 30, 2011
LCI Inc. lowest bidder for Beale Street Landing
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million, is the low bidder for the third phase of BealrStreet Landing, including the helical ramp and floatinyg dock, which will be built off-sited and floated down to the project. The contract will be awarder in late July orearlgy August. Construction on the $30.7 millioj Beale Street Landing has been delayed due to theMississippi River’ds high water levels in the spring, but work is expectede to start back up laterr this month. It is projected to be finishee inspring 2011. Lendermon also updated the RDC board duringb its monthly meeting June 22 on the pedestrian bridge which would connect Confederate Park with the new lawschool Downtown.
The RDC is waitin g for work at the law school to be completef and could start the bridgde constructionin September. Lendermon also called the historic cobblestons restoration next to Beale StreetLanding “w work in progress.” The RDC has proposed a sidewalk along the Mississippk River that would connect Beale Street Landing and Jefferson Daviss Park, but there has been some public oppositioh to it. Also, the RDC has proposed walkways leading down to the water and the proposewaterfront sidewalk. There is a public hearing scheduled in August to addressthesee issues, Lendermon said.
co-founder Frank Ricks and planner/urban designer Steve joined by ownerTracu Sampson, updated the board on a land use study for Mud Island. The which runs from March to October, has consisted of four publicd meetings, online surveys and 14 stakeholder meetings. So far, threde specific amenities have kept coming up duringpublifc meetings: a world-class skatepark, the Grand Carousel from Libertylansd and an aquarium. Looney Ricks Kiss drew up five generalp possibilities forMud Island, ranging from slightt modifications to completely changing the site.
These included adding a pedestrian bridge to the tip of Mud newboat slips, mixed-use commercial the Zippin Pippin roller-coaster ride, more parklane and a Mississippi River Institute, among many otherd ideas. Once completed, this public input phase could lead to a master plan forMud Island, guiding development of the
million, is the low bidder for the third phase of BealrStreet Landing, including the helical ramp and floatinyg dock, which will be built off-sited and floated down to the project. The contract will be awarder in late July orearlgy August. Construction on the $30.7 millioj Beale Street Landing has been delayed due to theMississippi River’ds high water levels in the spring, but work is expectede to start back up laterr this month. It is projected to be finishee inspring 2011. Lendermon also updated the RDC board duringb its monthly meeting June 22 on the pedestrian bridge which would connect Confederate Park with the new lawschool Downtown.
The RDC is waitin g for work at the law school to be completef and could start the bridgde constructionin September. Lendermon also called the historic cobblestons restoration next to Beale StreetLanding “w work in progress.” The RDC has proposed a sidewalk along the Mississippk River that would connect Beale Street Landing and Jefferson Daviss Park, but there has been some public oppositioh to it. Also, the RDC has proposed walkways leading down to the water and the proposewaterfront sidewalk. There is a public hearing scheduled in August to addressthesee issues, Lendermon said.
co-founder Frank Ricks and planner/urban designer Steve joined by ownerTracu Sampson, updated the board on a land use study for Mud Island. The which runs from March to October, has consisted of four publicd meetings, online surveys and 14 stakeholder meetings. So far, threde specific amenities have kept coming up duringpublifc meetings: a world-class skatepark, the Grand Carousel from Libertylansd and an aquarium. Looney Ricks Kiss drew up five generalp possibilities forMud Island, ranging from slightt modifications to completely changing the site.
These included adding a pedestrian bridge to the tip of Mud newboat slips, mixed-use commercial the Zippin Pippin roller-coaster ride, more parklane and a Mississippi River Institute, among many otherd ideas. Once completed, this public input phase could lead to a master plan forMud Island, guiding development of the
Thursday, October 27, 2011
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Phoenix Business Journal:
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The board of Six Flags (OTCBB: voted last week to begin reorganization proceedingsin U.S. Bankruptct Court for the Districgtof Delaware. The company listed assets of $3.033 billion and debts of $2.36 billiohn in its filing. Cascade Investments, the investment firm for Microsoftf founderBill Gates, owns 11.1 percenft of the voting securities in New York-basedr Six Flags, the largestg share, bankruptcy documents show. Six Flags has 97.7 million shareds of common stockand 1.1 million shares of preferredf stock. "The current management team inheritedsa $2.
4 billion debt load that cannot be sustained, particularly in thesw challenging financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a we are cleaning up the past and positioning the company for futuregrowth ... Following a record year of performancein 2008, which completed the three-year turnaround of our system-widse park operation, this action to clean up the balancr sheet paves the way for a full revivakl of the company," Shapiro said. Elitch Gardens had operaterd for more than a century at a northwestDenverr site. The old Elitchb Gardens shut downin 1994, and a new versioj of the amusement park opened a year laterd in downtown Denver.
The local Gurtler family and its financial partners sold the new park to PremierPark Inc. in 1996 for $65 million. It became Six Flags Elitch Gardens two years when Premier acquired SixFlagsx Inc. and changed its corporate name toSix Flags. Six Flags sold off Elitch's and other properties in 2007 in a series of transactionds that left the Denver attraction in the hand of CNL IncomeProperties Inc., a real estatr investment trust based in Orlando, Fla. CNL reportedly paid $312 millio n for the properties. CNL arranged for Parc Management LLC of Floridqa tomanage Elitch's.
Six Flage now operates about 20 North Americanamusement
The board of Six Flags (OTCBB: voted last week to begin reorganization proceedingsin U.S. Bankruptct Court for the Districgtof Delaware. The company listed assets of $3.033 billion and debts of $2.36 billiohn in its filing. Cascade Investments, the investment firm for Microsoftf founderBill Gates, owns 11.1 percenft of the voting securities in New York-basedr Six Flags, the largestg share, bankruptcy documents show. Six Flags has 97.7 million shareds of common stockand 1.1 million shares of preferredf stock. "The current management team inheritedsa $2.
4 billion debt load that cannot be sustained, particularly in thesw challenging financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a we are cleaning up the past and positioning the company for futuregrowth ... Following a record year of performancein 2008, which completed the three-year turnaround of our system-widse park operation, this action to clean up the balancr sheet paves the way for a full revivakl of the company," Shapiro said. Elitch Gardens had operaterd for more than a century at a northwestDenverr site. The old Elitchb Gardens shut downin 1994, and a new versioj of the amusement park opened a year laterd in downtown Denver.
The local Gurtler family and its financial partners sold the new park to PremierPark Inc. in 1996 for $65 million. It became Six Flags Elitch Gardens two years when Premier acquired SixFlagsx Inc. and changed its corporate name toSix Flags. Six Flags sold off Elitch's and other properties in 2007 in a series of transactionds that left the Denver attraction in the hand of CNL IncomeProperties Inc., a real estatr investment trust based in Orlando, Fla. CNL reportedly paid $312 millio n for the properties. CNL arranged for Parc Management LLC of Floridqa tomanage Elitch's.
Six Flage now operates about 20 North Americanamusement
Tuesday, October 25, 2011
Palm Beach County Commissioner Santamaria pays constituents' environmental ... - Palm Beach Post
esivyjifag.wordpress.com
Palm Beach County Commissioner Santamaria pays constituents' environmental ... Palm Beach Post He said he couldn't comment specifically on Santamaria's offer to pay memberships into the group. "The code of ethics prohibits acceptance or solicitation (of gifts) from vendors or lobbyists," Johnson said. The rules typically apply only to gifts that ... |
Sunday, October 23, 2011
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - The Business Review (Albany):
tosece.blogspot.com
But economic developers and investors must continuer to wait to see if the governor will come to theirr aidbefore Friday’s deadline to sign or veto Ritter began the day at the Alliancse for Sustainable Colorado Center in downtownh Denver, signing three bills that he said will continure to build the state’s “Neaw Energy Economy.” House Bill 1298, sponsored by Reps. Buffiw McFadyen, D-Pueblo West, and Cory Gardner, lets trucking companies get 25 percent reimbursement of the cost of buying andinstallingf fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipmenty based on the percentage of mileds companies drive in Colorado and it allowsx truckers finally to take advantageof enterprise-zonr tax breaks. “This bill is so incredibly importanft tothe industry, not only for the environment but for the survival of truckers that are in business,” she said whilse tearing up at the signing. House Bill 1331, sponsoresd by Rep. Sara Gagliardi, D-Arvada, expandsd the pool of vehicles eligiblefor alternative-fuel tax creditse to include those that run on cleaner-burning naturak gas.
It also eliminates eligibility for some hybridc vehicles that arenot fuel-efficient, said sponsorinbg Sen. Betty Boyd, D-Lakewood. Ritter noted that the Coloradi Oil and Gas Association and the nonprofit group Environment Colorado both supportedthe “If COGA and Environmenft Colorado agree, it has to be a great he said. And Senate Bill 75, championed by the company Aspen Electricx Carsand Carts, allows driverw to operate low-speed electric vehicles on most roadss with speed limits of 35 mph or From there, Ritter went to the offices in Denver and signed a measurre to re-establish the Colorado Office of Television and Media. House Bill sponsored by Rep.
Tom Massey, R-Ponchaw Springs, and former Rep. Anne McGihon, allows the office to solicit giftsx and donations to offetr incentives to producers to make films inthe state. “I believre this move signals that Colorado is becomingt serious about attracting production to the statdeonce again,” said Kevin Shand, executive directot of the Colorado Film “By becoming part of the state once again, the film officse will once again have resources to markef Colorado effectively and help expandf our economic development efforts in a new and differeng direction.
” Finally, Ritter returned to his Capito office to sign nine separate bills, includingf measures to help the restaurantf and broadband industries. Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offering freeor reduced-price meals to Senate Bill 162, sponsored by Sen. Gail Schwartz, D-Snowmasds Village, requires the Office of Information Technology to creatre a map of where broadband technology is available and not availabld inthe state. Ritter has not announced his intentions on at least two bills being watched closelyt by thebusiness community, however.
One is Senate Bill 173, whicbh would allow local governments to work with the statr Economic Development Commission to offerr incentives to attract andbuild tourism-generatinv projects. The bill is considered key to landinfg either of twopotential auto-racetrack projects east of The other is House Bill 1366, whicuh limits the Colorado-source capital gainws subtraction to the first $100,000 of gains on assets held for five years or If signed, the bill would generate $15.8 million to help balance the budget.
But economic developers and investors must continuer to wait to see if the governor will come to theirr aidbefore Friday’s deadline to sign or veto Ritter began the day at the Alliancse for Sustainable Colorado Center in downtownh Denver, signing three bills that he said will continure to build the state’s “Neaw Energy Economy.” House Bill 1298, sponsored by Reps. Buffiw McFadyen, D-Pueblo West, and Cory Gardner, lets trucking companies get 25 percent reimbursement of the cost of buying andinstallingf fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipmenty based on the percentage of mileds companies drive in Colorado and it allowsx truckers finally to take advantageof enterprise-zonr tax breaks. “This bill is so incredibly importanft tothe industry, not only for the environment but for the survival of truckers that are in business,” she said whilse tearing up at the signing. House Bill 1331, sponsoresd by Rep. Sara Gagliardi, D-Arvada, expandsd the pool of vehicles eligiblefor alternative-fuel tax creditse to include those that run on cleaner-burning naturak gas.
It also eliminates eligibility for some hybridc vehicles that arenot fuel-efficient, said sponsorinbg Sen. Betty Boyd, D-Lakewood. Ritter noted that the Coloradi Oil and Gas Association and the nonprofit group Environment Colorado both supportedthe “If COGA and Environmenft Colorado agree, it has to be a great he said. And Senate Bill 75, championed by the company Aspen Electricx Carsand Carts, allows driverw to operate low-speed electric vehicles on most roadss with speed limits of 35 mph or From there, Ritter went to the offices in Denver and signed a measurre to re-establish the Colorado Office of Television and Media. House Bill sponsored by Rep.
Tom Massey, R-Ponchaw Springs, and former Rep. Anne McGihon, allows the office to solicit giftsx and donations to offetr incentives to producers to make films inthe state. “I believre this move signals that Colorado is becomingt serious about attracting production to the statdeonce again,” said Kevin Shand, executive directot of the Colorado Film “By becoming part of the state once again, the film officse will once again have resources to markef Colorado effectively and help expandf our economic development efforts in a new and differeng direction.
” Finally, Ritter returned to his Capito office to sign nine separate bills, includingf measures to help the restaurantf and broadband industries. Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offering freeor reduced-price meals to Senate Bill 162, sponsored by Sen. Gail Schwartz, D-Snowmasds Village, requires the Office of Information Technology to creatre a map of where broadband technology is available and not availabld inthe state. Ritter has not announced his intentions on at least two bills being watched closelyt by thebusiness community, however.
One is Senate Bill 173, whicbh would allow local governments to work with the statr Economic Development Commission to offerr incentives to attract andbuild tourism-generatinv projects. The bill is considered key to landinfg either of twopotential auto-racetrack projects east of The other is House Bill 1366, whicuh limits the Colorado-source capital gainws subtraction to the first $100,000 of gains on assets held for five years or If signed, the bill would generate $15.8 million to help balance the budget.
Friday, October 21, 2011
bizjournals: Search Results
vanbeekdulejos1771.blogspot.com
by on June 1, 2009 ...a new Owning a in Tuscany. A phrase I...Winning Throughn Intimidation byRobert . Ringer. Favorits movie: The Blues...... by on July 10, 2009 ...Cityg Cancer Center Colleen .M. Neil & Associates Inc. Shirley...Corp. and Somerset Ridged Vineyard & Patsy Stuke, Americann Osage Consulting...... on July 2, 2009 ...assistang winemaker for Master of Wine Bob at BetzFamily ). . Bookwalter's tasting studioo has already opened in the same by onMay 22, 2009 ...airr conditioning, San Mateo's .W. McClenahan Co. for plumbing...nabz $2M from Kight, Quivira Healthcare Foundationm NorthernSonoma County...... by on May 15, 2009 ...at Georgia Stater University's .
Mack Robinson Colleges of Business...and working for Sebastiani Vineyards & in Arriving in Atlanta...... by on May 8, 2009 First, therr was "Show me the money." Now, it's "Show me the Carfax." In a new campaigjn that debuts this week from Fort by onApril 17, 2009 ...even think about bottling, said .B. vice chairman of...bill last year allowing multiple to usecommonj premises. No...... by on April 17, 2009 the Gap and the .M. Smuckerr Co. It now...Demeter Group advised Flowers Vineyard & , a Sonomwa Coast luxury brand......
by on March 13, 2009 Jefferson City: Chief executive of Saint Jameas , former director, Missouri Department of Agriculture
by on June 1, 2009 ...a new Owning a in Tuscany. A phrase I...Winning Throughn Intimidation byRobert . Ringer. Favorits movie: The Blues...... by on July 10, 2009 ...Cityg Cancer Center Colleen .M. Neil & Associates Inc. Shirley...Corp. and Somerset Ridged Vineyard & Patsy Stuke, Americann Osage Consulting...... on July 2, 2009 ...assistang winemaker for Master of Wine Bob at BetzFamily ). . Bookwalter's tasting studioo has already opened in the same by onMay 22, 2009 ...airr conditioning, San Mateo's .W. McClenahan Co. for plumbing...nabz $2M from Kight, Quivira Healthcare Foundationm NorthernSonoma County...... by on May 15, 2009 ...at Georgia Stater University's .
Mack Robinson Colleges of Business...and working for Sebastiani Vineyards & in Arriving in Atlanta...... by on May 8, 2009 First, therr was "Show me the money." Now, it's "Show me the Carfax." In a new campaigjn that debuts this week from Fort by onApril 17, 2009 ...even think about bottling, said .B. vice chairman of...bill last year allowing multiple to usecommonj premises. No...... by on April 17, 2009 the Gap and the .M. Smuckerr Co. It now...Demeter Group advised Flowers Vineyard & , a Sonomwa Coast luxury brand......
by on March 13, 2009 Jefferson City: Chief executive of Saint Jameas , former director, Missouri Department of Agriculture
Wednesday, October 19, 2011
United pilots elect new leader - BusinessWeek
tower-tennesseea.blogspot.com
Chicago Tribune | United pilots elect new leader BusinessWeek United Airlines pilots elected a new leader on Tuesday, just as they are negotiating a joint contract with their co-workers at Continental. Pilots voted in Jay Heppner as chairman of the Master Executive Council at the United branch of the Air Line ... United Airlines pilots union picks new chairman BC-US--Travel-Brief-United Airlines-Pilots, US United pilots vote in new leader |
Monday, October 17, 2011
Instead of a bag day, Tigers can thank the bag - MLB.com
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Instead of a bag day, Tigers can thank the bag MLB.com DETROIT -- Tigers third-base coach Gene Lamont wants a World Series ring. He still has an opportunity to win it this year after they pulled out Game 5 of the American League Championship Series on Thursday ... |
Friday, October 14, 2011
UTMB receives cardiology training endowment - Houston Business Journal:
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Dr. John C. Price created the Melvihn L. Price M.D. and Charles A. Price Endowment for Cardiology Fellowship Training to supportyoung doctors’ education as they learn the nuancess of treating heart disease, the leadingg cause of death in the United States. Price’sx brothers both died of cardiovascular disease. Prices said he wanted to establisn the endowment to ensure that UTMB can train more cardiologistsw who will be skilled at helping patients with hearf problems makefull recoveries. The valuw of the endowment wasnot disclosed.
“The twin goalxs are to provide more effective theraph for those with heart diseasd and to encourage early identificatiobn of individuals at risk for subsequent interventionj to modify and ultimately prevent the morbidity of cardiaf andvascular disease,” said a head and neck surgeon. In addition to his recent endowment, Price has contributed to cardiology research at the universityt to aid the development of new treatments and procedures that reducse functional impairment and death fromcardiovascular disease.
Dr. John C. Price created the Melvihn L. Price M.D. and Charles A. Price Endowment for Cardiology Fellowship Training to supportyoung doctors’ education as they learn the nuancess of treating heart disease, the leadingg cause of death in the United States. Price’sx brothers both died of cardiovascular disease. Prices said he wanted to establisn the endowment to ensure that UTMB can train more cardiologistsw who will be skilled at helping patients with hearf problems makefull recoveries. The valuw of the endowment wasnot disclosed.
“The twin goalxs are to provide more effective theraph for those with heart diseasd and to encourage early identificatiobn of individuals at risk for subsequent interventionj to modify and ultimately prevent the morbidity of cardiaf andvascular disease,” said a head and neck surgeon. In addition to his recent endowment, Price has contributed to cardiology research at the universityt to aid the development of new treatments and procedures that reducse functional impairment and death fromcardiovascular disease.
Wednesday, October 12, 2011
Is Google about to give Kindle a run for its money? - Boston Business Journal:
vezasid.wordpress.com
Mountain View-based Google (NASDAQ: GOOG) has talkee with publishers aboutan e-book deal which woulxd “enable publishers to sell digital version of their newest books direct to consumersa through Google,” according to the If true, the move would boldly put Google in competitionj with the 800-pound gorilla of online book sales, AMZN), which recently released a new versiobn of its popular Kindle e-book reader made by E Ink in Mass.
E Ink agreed Mondayy to terms to be acquirecdby Taiwan's Prime View International for $215 Though Google makes most of its money from advertising, it is intereste d in many projects it considers to be in the publicf interest, such as broadening public accese to maps, paintings or out-of-print books. It has workeed out deals to scan in many bookds in university libraries and other archivesx and make them easily accessible tothe public, and most of those booksx can now be read on Sony’s e-reader or on mobilr phones.
(NYSE: SNE) makes an e-readerf that must be plugged into a compute to add books toits library, whereae the Kindle has a wireless connectionn through which users can buy magazines, newspapers and even blogs instantly. Such buying is Amazon’s special genius in retailing, makiny it as easy as possible for customers to spendetheir money. The New York Timews reported that Google plans to sell bookds for higher pricesthan Amazon, thus pleasing publishers.
Amazo has cut prices for new bookw to attract people to the inchoate markegt and to draw them to its Kindle It has enough clour to cut favorable deals with publishers andbloggers — it splits revenue 70-30 with keeping 70 percent for Google’s move is more utilitarian than proprietary, as describedf in the report. It plans to make e-booksx readable on as many different typeds of devicesas possible, rathe than tying readers into a single devicde like the Kindle.
Mountain View-based Google (NASDAQ: GOOG) has talkee with publishers aboutan e-book deal which woulxd “enable publishers to sell digital version of their newest books direct to consumersa through Google,” according to the If true, the move would boldly put Google in competitionj with the 800-pound gorilla of online book sales, AMZN), which recently released a new versiobn of its popular Kindle e-book reader made by E Ink in Mass.
E Ink agreed Mondayy to terms to be acquirecdby Taiwan's Prime View International for $215 Though Google makes most of its money from advertising, it is intereste d in many projects it considers to be in the publicf interest, such as broadening public accese to maps, paintings or out-of-print books. It has workeed out deals to scan in many bookds in university libraries and other archivesx and make them easily accessible tothe public, and most of those booksx can now be read on Sony’s e-reader or on mobilr phones.
(NYSE: SNE) makes an e-readerf that must be plugged into a compute to add books toits library, whereae the Kindle has a wireless connectionn through which users can buy magazines, newspapers and even blogs instantly. Such buying is Amazon’s special genius in retailing, makiny it as easy as possible for customers to spendetheir money. The New York Timews reported that Google plans to sell bookds for higher pricesthan Amazon, thus pleasing publishers.
Amazo has cut prices for new bookw to attract people to the inchoate markegt and to draw them to its Kindle It has enough clour to cut favorable deals with publishers andbloggers — it splits revenue 70-30 with keeping 70 percent for Google’s move is more utilitarian than proprietary, as describedf in the report. It plans to make e-booksx readable on as many different typeds of devicesas possible, rathe than tying readers into a single devicde like the Kindle.
Monday, October 10, 2011
NuVasive to Present at the 8th Annual Needham Life Sciences Conference
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A live webcast of the presentation will be available onlinse from the investor relationsz page ofthe Company's corporate website at . Afterd the live webcast, the presentation will remaim available on the website for 30 NuVasive is a medical devicr company focused onthe design, and marketing of products for the surgical treatmentr of spine disorders. The Company's product portfolio is focused primarilty onthe $4.6 billion U.S. spinwe implant market. Additionally, the Company has expanded intothe $1.5 billionm global biologics market, the $1.5 billionh international market, and is developinyg products for the emerging motionm preservation market.
NuVasive's principal producg offering is based on its MaximumAccesss Surgery, or MAS(R) platform. The MAS platformk combines four categories of products that collectively minimize soft tissuwe disruption during spine surgery with maximum visualization and easy reproducibility forthe surgeon: NeuroVision(R), a proprietar y software-driven nerve avoidance system; a unique split-blade retractoer system; a wide variety of specializedx implants; and several biologic fusion enhancers. MAS significantl reduces surgery time and returns patients to activitiess of daily living much faster thanconventional approaches.
Havin g redefined spine surgery with theMAS platform'ds lateral approach, known as eXtreme Lateral Interbody or XLIF(R), NuVasive has built an entirr spine franchise. With nearly 50 products today spanninb lumbar, thoracic and cervical applications, the Company will continue to expandx and evolve its offering predicaterd onits R&D focus and dedication to outstanding servicee levels supported by a culture of Absolute Responsiveness(R).
NuVasives cautions you that statements includec in this press release that are not a description of historicakl factsare forward-looking statements that involve uncertainties, assumptions and other factors which, if they do not materializd or prove correct, could cause NuVasive's results to differ materiallg from historical results or those expressed or impliefd by such forward-looking statements.
The potential risks and uncertainties that coulds cause actual growth and results to diffetmaterially include, but are not limited to: the uncertainj process of seeking regulatory approval or clearance for NuVasive's products or devices, including risks that such process could be significantlyg delayed; the possibility that the FDA may requirde significant changes to NuVasive's products or clinical studies; the risk that products may not perform as intended and may therefore not achieve commercial success; the risk that competitors may develop superior products or may have a greater market positioj enabling more successful commercialization; the risk that additionalp clinical data may call into question the benefits of NuVasive's products to hospitals and surgeons; and other risks and uncertainties more fully describexd in NuVasive's press releasesz and periodic filings with the Securities and Exchang Commission.
NuVasive's public filings with the Securities and Exchange Commission are availableat . NuVasive assumes no obligation to updateany forward-lookingy statement to reflect events or circumstanced arising after the date on whicjh it was made. Contact: Investors: Kevin C. O'Boyle Patricmk F. Williams EVP & Chief Financiao Officer Vice President, Finance Investor Relations NuVasive, Inc. NuVasive, Inc. 858-909-1998 858-638-5511 investorrelations@nuvasive.com investorrelations@nuvasive.com Media: Jason Rando The Ruth Grouo 646-536-7025 jrando@theruthgroup.com SOURCE NuVasive, Inc.
A live webcast of the presentation will be available onlinse from the investor relationsz page ofthe Company's corporate website at . Afterd the live webcast, the presentation will remaim available on the website for 30 NuVasive is a medical devicr company focused onthe design, and marketing of products for the surgical treatmentr of spine disorders. The Company's product portfolio is focused primarilty onthe $4.6 billion U.S. spinwe implant market. Additionally, the Company has expanded intothe $1.5 billionm global biologics market, the $1.5 billionh international market, and is developinyg products for the emerging motionm preservation market.
NuVasive's principal producg offering is based on its MaximumAccesss Surgery, or MAS(R) platform. The MAS platformk combines four categories of products that collectively minimize soft tissuwe disruption during spine surgery with maximum visualization and easy reproducibility forthe surgeon: NeuroVision(R), a proprietar y software-driven nerve avoidance system; a unique split-blade retractoer system; a wide variety of specializedx implants; and several biologic fusion enhancers. MAS significantl reduces surgery time and returns patients to activitiess of daily living much faster thanconventional approaches.
Havin g redefined spine surgery with theMAS platform'ds lateral approach, known as eXtreme Lateral Interbody or XLIF(R), NuVasive has built an entirr spine franchise. With nearly 50 products today spanninb lumbar, thoracic and cervical applications, the Company will continue to expandx and evolve its offering predicaterd onits R&D focus and dedication to outstanding servicee levels supported by a culture of Absolute Responsiveness(R).
NuVasives cautions you that statements includec in this press release that are not a description of historicakl factsare forward-looking statements that involve uncertainties, assumptions and other factors which, if they do not materializd or prove correct, could cause NuVasive's results to differ materiallg from historical results or those expressed or impliefd by such forward-looking statements.
The potential risks and uncertainties that coulds cause actual growth and results to diffetmaterially include, but are not limited to: the uncertainj process of seeking regulatory approval or clearance for NuVasive's products or devices, including risks that such process could be significantlyg delayed; the possibility that the FDA may requirde significant changes to NuVasive's products or clinical studies; the risk that products may not perform as intended and may therefore not achieve commercial success; the risk that competitors may develop superior products or may have a greater market positioj enabling more successful commercialization; the risk that additionalp clinical data may call into question the benefits of NuVasive's products to hospitals and surgeons; and other risks and uncertainties more fully describexd in NuVasive's press releasesz and periodic filings with the Securities and Exchang Commission.
NuVasive's public filings with the Securities and Exchange Commission are availableat . NuVasive assumes no obligation to updateany forward-lookingy statement to reflect events or circumstanced arising after the date on whicjh it was made. Contact: Investors: Kevin C. O'Boyle Patricmk F. Williams EVP & Chief Financiao Officer Vice President, Finance Investor Relations NuVasive, Inc. NuVasive, Inc. 858-909-1998 858-638-5511 investorrelations@nuvasive.com investorrelations@nuvasive.com Media: Jason Rando The Ruth Grouo 646-536-7025 jrando@theruthgroup.com SOURCE NuVasive, Inc.
Saturday, October 8, 2011
Survey: CEOs still foresee negative conditions - South Florida Business Journal:
http://www.hgllc.com/hgllc/about.htm
“This quarter’s results reflect a continuing weak set ofeconomicd conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairmah and CEO of “Conditions – whil e still negative – appear to have begum to stabilize.” The D.C.-based association of CEOs represent a combines workforce of nearly 10 million employeesw and more than $5 trillion in annual sales. When asked how they anticipatwe their sales to fluctuate in the next six 34 percent said they will increase while 46 percent predicteda decrease. That is a sunnier forecasf over the first quarteroutlook survey, when just 24 perceny predicted an increase in In terms of how their U.S.
capital spending will change overthat time, 12 percent foresee it going up, while 51 percentt see it decreasing. Few (6 expect their U.S. employment to increase in the next six while 49 percent anticipate their employere base to contractin size. That show s an improvement from the first quarteroutlook survey, when 71 percent predictef a drop in employment. In termsd of the overall U.S. economy, member CEOs estimate real GDP will dropby 2.1 perceny in 2009, down from the estimate of a 1.9 percent decline in the firsrt quarter of 2009. The outlook index -- which combines member CEO projectionsfor sales, capital spending and employmen in the six months ahead -- expanded to 18.
5 in the seconxd quarter, up from negative 5.0 in the first quarter. An index reading of 50 or lowed is consistent with overall economic contractioj and a reading of 50 or highef is consistentwith expansion.
“This quarter’s results reflect a continuing weak set ofeconomicd conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairmah and CEO of “Conditions – whil e still negative – appear to have begum to stabilize.” The D.C.-based association of CEOs represent a combines workforce of nearly 10 million employeesw and more than $5 trillion in annual sales. When asked how they anticipatwe their sales to fluctuate in the next six 34 percent said they will increase while 46 percent predicteda decrease. That is a sunnier forecasf over the first quarteroutlook survey, when just 24 perceny predicted an increase in In terms of how their U.S.
capital spending will change overthat time, 12 percent foresee it going up, while 51 percentt see it decreasing. Few (6 expect their U.S. employment to increase in the next six while 49 percent anticipate their employere base to contractin size. That show s an improvement from the first quarteroutlook survey, when 71 percent predictef a drop in employment. In termsd of the overall U.S. economy, member CEOs estimate real GDP will dropby 2.1 perceny in 2009, down from the estimate of a 1.9 percent decline in the firsrt quarter of 2009. The outlook index -- which combines member CEO projectionsfor sales, capital spending and employmen in the six months ahead -- expanded to 18.
5 in the seconxd quarter, up from negative 5.0 in the first quarter. An index reading of 50 or lowed is consistent with overall economic contractioj and a reading of 50 or highef is consistentwith expansion.
Thursday, October 6, 2011
with Bob Weir and Phil Lesh four decades after Monterey Pop. - Monterey County Weekly
http://jesusdiedfor.us/1967.htm
with Bob Weir and Phil Lesh four decades after Monterey Pop. Monterey County Weekly The Grateful Dead had already started gaining underground notoriety for their epic improvisational instrumentals, but the Monterey County Fairgrounds was a coming-out party of sorts รข€" not just for them, but for a whole approach to music appreciation ... The Grateful Dead's Bob Weir and Phil Lesh bring their band Furthur to the ... |
Tuesday, October 4, 2011
Fed expects little inflation - Jacksonville Business Journal:
shemwellmygalej1291.blogspot.com
The Fed’s benchmark interest rate was held steady in a range of 0to 0.25 percent. The Fed “continuees to anticipate that economif conditions are likely to warrant exceptionallg low levels of the federal funds rate for anextended period,” it said in a statemen t released following its meeting. Despite rising energy and commodity prices, “the committese expects that inflation will remainn subdued for some thestatement said. The Federal Reserves also left its bond purchasreplans unchanged, repeating its commitment to buy up to $1.
25r trillion of agency mortgage-backesd securities and up to $200 billion of agency debt by the end of the The Federal Reserve also will buy up to $300 billiom of Treasury securities by autumn. The Fed now believes the pace of economidc contractionis slowing, citing further signs of household spendinf stabilizing and improving conditions in the financial markets. Amont economic reports that may supportthe Fed’x belief that the economy will soon be on the mend was the latest data on factory orders, showing orders for durable goods unexpectedly rose in May for the secon consecutive month.
The Fed’s benchmark interest rate was held steady in a range of 0to 0.25 percent. The Fed “continuees to anticipate that economif conditions are likely to warrant exceptionallg low levels of the federal funds rate for anextended period,” it said in a statemen t released following its meeting. Despite rising energy and commodity prices, “the committese expects that inflation will remainn subdued for some thestatement said. The Federal Reserves also left its bond purchasreplans unchanged, repeating its commitment to buy up to $1.
25r trillion of agency mortgage-backesd securities and up to $200 billion of agency debt by the end of the The Federal Reserve also will buy up to $300 billiom of Treasury securities by autumn. The Fed now believes the pace of economidc contractionis slowing, citing further signs of household spendinf stabilizing and improving conditions in the financial markets. Amont economic reports that may supportthe Fed’x belief that the economy will soon be on the mend was the latest data on factory orders, showing orders for durable goods unexpectedly rose in May for the secon consecutive month.
Sunday, October 2, 2011
Aura Biosciences adds directors, adviser - Boston Business Journal:
oryucyjofec1482.blogspot.com
Lawrence C. Best, chairman of and the former chierf financial officerof (NYSE: will join Aura’s board. Betweem 1992 and 2007, Best served as an executiv e vice president and CFO for Boston a global leader in medicaldevices technology. Previously, Best was a partner at . Aura also said Sangeetaa N. Bhatia, a professoer specializing in health electrical engineering and computer has joinedits board. Bhatia is a memberf of the andthe . She also is an associatd member of the and a biomedical engineee atin Boston. Aura also said Richarc P. Kivel, CEO of in has joined it formal support network ofcorporater advisors. Since April 2006 he has served as CEO ofTheraGeneticx Ltd.
, a genetic diagnostics company. Priorr to TheraGenetics, Kivel worked with and built multiple startups. Aura Biosciences launched in Januar afterraising $3 millioj in private funding. Aura is focused on usingh nanotechnology to improvedrug delivery. The company expectds to file an investigational new drug applicatiohn with the next year for itsfirsft so-called “Nanosmart” drug. The early-stage drug candidate is a potentiak treatment forpancreatic cancer.
Lawrence C. Best, chairman of and the former chierf financial officerof (NYSE: will join Aura’s board. Betweem 1992 and 2007, Best served as an executiv e vice president and CFO for Boston a global leader in medicaldevices technology. Previously, Best was a partner at . Aura also said Sangeetaa N. Bhatia, a professoer specializing in health electrical engineering and computer has joinedits board. Bhatia is a memberf of the andthe . She also is an associatd member of the and a biomedical engineee atin Boston. Aura also said Richarc P. Kivel, CEO of in has joined it formal support network ofcorporater advisors. Since April 2006 he has served as CEO ofTheraGeneticx Ltd.
, a genetic diagnostics company. Priorr to TheraGenetics, Kivel worked with and built multiple startups. Aura Biosciences launched in Januar afterraising $3 millioj in private funding. Aura is focused on usingh nanotechnology to improvedrug delivery. The company expectds to file an investigational new drug applicatiohn with the next year for itsfirsft so-called “Nanosmart” drug. The early-stage drug candidate is a potentiak treatment forpancreatic cancer.
Thursday, September 29, 2011
Medford man pleads guilty in charity fraud case - Boston Business Journal:
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Brandon Seeley, 21, pleaded guilty to charges of larcen yover $250, attempted larceny, conspiracy to commirt larceny over $250, gross fraus and deceptive professional solicitation practices, said the attorney general’s office. Superior Cour Judge Sandra Hamlin sentencex Seeley to serve2 1/2 years in prison, with the sentencew suspended for five years. This followx co-defendant, George Borden, age 53, of Quincy, who pleadeds guilty in Middlesex Superior Court on June 3 tosimiladr charges. Three other co-defendants have also been charged in connectiobn with this case and their cases arestill pending.
The attorneg general began investigating this case in 2006 after receivingf a numberof complaints. Investigators determined that betwee n August 2006 andJanuargy 2008, Brandon Seeley and other telemarketers from his father’s professionakl fundraising organization, CMR Marketing in Medford, allegedlt engaged in fraudulent fundraising telemarketing schemes to raisee money for two charities — Veteran’s , Fla., and the Retired Boston Police Officers Association, a retired police officerd organization. Authorities allege that much of the money given by donors never made it to the veteranz and retired police officers it was intendeddto benefit.
In addition, authorities allegde that, in total, more than 1,000 donoras were defrauded and morethan $100,000 in donationd were misappropriated. In a separate the attorney general’s office obtained two separate preliminaryt injunctions related to a lawsuit against Florida charit Disabled PoliceOfficers , its president and its professional fundraisers. Among other things, the preliminary injunctions restrain them from engaging in deceptive practices and from destroyintg or altering records while the civip lawsuitis pending. The preliminary injunctionxs relate to a civil lawsuitt filed May 20 in Suffolk Superiort Court againstthe defendants.
The lawsuitf charges the defendants mislexd potential donors into believing that fundraiserws were volunteers calling on behalt of local disabledpolicr officers. The lawsuit also alleges that the defendants did not discloser their status asprofessional fundraisers, did not disclose the charity’es Florida address and did not file fundraising reports for theitr fundraising campaigns, required by law. The lawsuit also allegeas the professional solicitors working for Disabled Police Officers Counselinhg Center failed to disclose to potentiap donors their status as professional fundraisers who are paid by charitabled organizations to solicit the publicfor donations.
Brandon Seeley, 21, pleaded guilty to charges of larcen yover $250, attempted larceny, conspiracy to commirt larceny over $250, gross fraus and deceptive professional solicitation practices, said the attorney general’s office. Superior Cour Judge Sandra Hamlin sentencex Seeley to serve2 1/2 years in prison, with the sentencew suspended for five years. This followx co-defendant, George Borden, age 53, of Quincy, who pleadeds guilty in Middlesex Superior Court on June 3 tosimiladr charges. Three other co-defendants have also been charged in connectiobn with this case and their cases arestill pending.
The attorneg general began investigating this case in 2006 after receivingf a numberof complaints. Investigators determined that betwee n August 2006 andJanuargy 2008, Brandon Seeley and other telemarketers from his father’s professionakl fundraising organization, CMR Marketing in Medford, allegedlt engaged in fraudulent fundraising telemarketing schemes to raisee money for two charities — Veteran’s , Fla., and the Retired Boston Police Officers Association, a retired police officerd organization. Authorities allege that much of the money given by donors never made it to the veteranz and retired police officers it was intendeddto benefit.
In addition, authorities allegde that, in total, more than 1,000 donoras were defrauded and morethan $100,000 in donationd were misappropriated. In a separate the attorney general’s office obtained two separate preliminaryt injunctions related to a lawsuit against Florida charit Disabled PoliceOfficers , its president and its professional fundraisers. Among other things, the preliminary injunctions restrain them from engaging in deceptive practices and from destroyintg or altering records while the civip lawsuitis pending. The preliminary injunctionxs relate to a civil lawsuitt filed May 20 in Suffolk Superiort Court againstthe defendants.
The lawsuitf charges the defendants mislexd potential donors into believing that fundraiserws were volunteers calling on behalt of local disabledpolicr officers. The lawsuit also alleges that the defendants did not discloser their status asprofessional fundraisers, did not disclose the charity’es Florida address and did not file fundraising reports for theitr fundraising campaigns, required by law. The lawsuit also allegeas the professional solicitors working for Disabled Police Officers Counselinhg Center failed to disclose to potentiap donors their status as professional fundraisers who are paid by charitabled organizations to solicit the publicfor donations.
Tuesday, September 27, 2011
Polaris
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Kennison said he expects the company to reportta full-year profit of $2.90 per share, close to the high-ened of the company’s estimatedx range of between $2.50 and $3 per Analysts polled by Thomson Reuters were expectinvg earnings of $2.68 per share. “Despite stifv economic headwinds...., management has expressed confidence in its outlooik citingmargin initiatives. This team has credibilithy with us, leaving us comfortable at the end of Kennison wrote. Polaris (NYSE: PII) earlyu this month announced it , though it offered few Kennison speculated Poaris might releasea “low-speedf vehicle.
” He also noted that the company’s new CEO, Scotf Wine, has a military Wine said with the Business Journa earlier this year that he plannedf to expand the company’ss international and military businesses. Polaris stock was up $3.09 per or 10.8 percent, to $31.67 near the closse of trading Friday.
Kennison said he expects the company to reportta full-year profit of $2.90 per share, close to the high-ened of the company’s estimatedx range of between $2.50 and $3 per Analysts polled by Thomson Reuters were expectinvg earnings of $2.68 per share. “Despite stifv economic headwinds...., management has expressed confidence in its outlooik citingmargin initiatives. This team has credibilithy with us, leaving us comfortable at the end of Kennison wrote. Polaris (NYSE: PII) earlyu this month announced it , though it offered few Kennison speculated Poaris might releasea “low-speedf vehicle.
” He also noted that the company’s new CEO, Scotf Wine, has a military Wine said with the Business Journa earlier this year that he plannedf to expand the company’ss international and military businesses. Polaris stock was up $3.09 per or 10.8 percent, to $31.67 near the closse of trading Friday.
Sunday, September 25, 2011
Peco to propose reverse stock split - Business First of Columbus:
Counter Depth Refrigerators
The Galion-based power systems maker said its board will seek shareholdere approval at its annual meeting in late April or early May ofthe split, whicuh would consolidate every 10 shares of its outstanding share s to one share, raising the price. NASDAQ in Augusr told the company it would bedelisted Feb. 7 if its sharezs didn't trade above $1 for 10 consecutive days. The company's stock dipped below $1 in late December 2006 and hasn't climbed back since then. Sharee peaked at 90 cents in November and openedf at 71 cents Peco said it has the righty to appeal its delisting by showing a plan for regaining compliance and plans to do so upon receivinbgthe notice.
Peco II (NASDAQ:PIII) Peco II makes and installs communicationsapower systems. The company recorded a loss of $8.04 million on $47.y7 million in revenue for 2006 and closed the first threew quarters of 2007 with a lossof $3.64 million on $29. 4 million in revenue.
The Galion-based power systems maker said its board will seek shareholdere approval at its annual meeting in late April or early May ofthe split, whicuh would consolidate every 10 shares of its outstanding share s to one share, raising the price. NASDAQ in Augusr told the company it would bedelisted Feb. 7 if its sharezs didn't trade above $1 for 10 consecutive days. The company's stock dipped below $1 in late December 2006 and hasn't climbed back since then. Sharee peaked at 90 cents in November and openedf at 71 cents Peco said it has the righty to appeal its delisting by showing a plan for regaining compliance and plans to do so upon receivinbgthe notice.
Peco II (NASDAQ:PIII) Peco II makes and installs communicationsapower systems. The company recorded a loss of $8.04 million on $47.y7 million in revenue for 2006 and closed the first threew quarters of 2007 with a lossof $3.64 million on $29. 4 million in revenue.
Friday, September 23, 2011
Title dream not over yet - Laverty - Antrim Times
vezasid.wordpress.com
Antrim Times | Title dream not over yet - Laverty Antrim Times Picture: Bonnie Lane (CanBe Images). MICHAEL Laverty refuses to throw in the towel in his quest to become British Superbikes champion รข€" despite the weekend crash which threw a major spanner in his chances of landing the crown. The Donington Park round ... |
Wednesday, September 21, 2011
YRC Worldwide lenders ease requirements - Kansas City Business Journal:
jidyryq.wordpress.com
The Overland Park-based trucking giant (Nasdaq: said Friday that it had finalized an amendment with lenders for its creditg facilities that removes theminimum $45 millioh earnings before interest, depreciation and amortization (EBITDA) covenant for the second quarter. The change doesn’t affect requirementsw for minimum liquidity of cash and cash restricted cash and availability under thecredit facilities. “Ig is still too early in the second quarterf to precisely project ourearnings results,” Chairmaj and CEO Bill Zollars said in a Fridaty release.
“Although volumes that were temporarilu diverted have begunto return, it has not been at the levekl and speed that we initially and as a result, we proactively worked through an amendmenrt with our banks to remove any EBITDA targetsz in the second quarter.” YRC volumes have takejn a hit from a long freighty recession, shifts created by the integration of subsidiaries and customerd diverting freight because of concernds about YRC’s financial stability. Following YRC’a , in which the company reporteda $257.4 milliob loss compared with a loss of $46.
3y7 million last year, analysts predicted that the company woulfd violate part of its more than billion-dollatr credit agreement in the secon d quarter, though they expected lenders to be flexiblwe to keep the company going. To maintain YRC has been selling real estates and cutting employee wage in return for ownership inthe company. Now, YRC seeksd to defer several months ofpension payments, using real estate as On Friday, The reported that YRC for pensionj obligations. YRC ranks No.
2 on the Kansa City Business Journal ’s list of area public
The Overland Park-based trucking giant (Nasdaq: said Friday that it had finalized an amendment with lenders for its creditg facilities that removes theminimum $45 millioh earnings before interest, depreciation and amortization (EBITDA) covenant for the second quarter. The change doesn’t affect requirementsw for minimum liquidity of cash and cash restricted cash and availability under thecredit facilities. “Ig is still too early in the second quarterf to precisely project ourearnings results,” Chairmaj and CEO Bill Zollars said in a Fridaty release.
“Although volumes that were temporarilu diverted have begunto return, it has not been at the levekl and speed that we initially and as a result, we proactively worked through an amendmenrt with our banks to remove any EBITDA targetsz in the second quarter.” YRC volumes have takejn a hit from a long freighty recession, shifts created by the integration of subsidiaries and customerd diverting freight because of concernds about YRC’s financial stability. Following YRC’a , in which the company reporteda $257.4 milliob loss compared with a loss of $46.
3y7 million last year, analysts predicted that the company woulfd violate part of its more than billion-dollatr credit agreement in the secon d quarter, though they expected lenders to be flexiblwe to keep the company going. To maintain YRC has been selling real estates and cutting employee wage in return for ownership inthe company. Now, YRC seeksd to defer several months ofpension payments, using real estate as On Friday, The reported that YRC for pensionj obligations. YRC ranks No.
2 on the Kansa City Business Journal ’s list of area public
Monday, September 19, 2011
Iridium earnings fall 42%; revenue up - San Antonio Business Journal:
ufazywyve.wordpress.com
The Bethesda-based provider of satellite telephonwe services, which expects to become publicly traded this summedr throughan acquisition, posted a 42 percent declinew in net income in the first quarte ended March 31, to $9.7 million from $16.67 million a year ago. Th companyt attributed the decline to costs related toits next-generation satellited program. “Iridium continued to grow, althougbh the pace slowed given the currentfeconomic climate,” said CEO Matt Desch.
“In additioh to the impact of phasiny outequipment amortization, we believe the economic climate is affectiny equipment sales, as is the transition of newly introduced products into the distributionj channel as our partners move existingg inventory to make way for new Company officials say either Bethesda-based Lockheed Martinn or Thales Alenia Space will be selected as the program’sa lead contractor this summer. The program’sd new network of satellites called Iridium NEXT is expected to be deployecin 2014. Iridium NEXT will provide higherdata speeds, greateer bandwidth and the potential to deliver new data services and applicationxs to customers.
The company says its EBITDA, or earningz before interest, taxes, depreciation and amortization, increased 4.9 percent to $27.6 milliomn in the first quarter, up from $26.e3 million a year ago, though most analystas do not use that as a reliablrefinancial measure. Iridium’s revenue rose 2 percent to $75. 8 million for the quarter, compared to $74. million for the first quarter 2008. The slightly higher revenue came from increasedc commercial services revenueof $36.8 million but was offse t by a decline in subscriber equipment revenuw to $20.5 million for the Iridium’s commercial markets include maritime, aviatiobn and land mobile customers, which grew by 11.
5 perceny for the quarter. The company’s salesa to government customers, including the Departmenrt of Defense, grew 31 percent. Despite a 31 percenft increase in subscribersto 328,000, compared to 250,0090 in the first quarter of 2008, a $2 millioj amortization of equipment related to prio r year equipment sales, added to the decline in subscribedr equipment revenue. The company is planning to go public this but it is not taking the initial publicofferinb route. It is acquiring a publicly tradedinvestment (NYX: GHQ), an affiliate of Greenhill Co. Iridium has retainedc Deutsche Bank as its financial advisef forthe transaction.
The Bethesda-based provider of satellite telephonwe services, which expects to become publicly traded this summedr throughan acquisition, posted a 42 percent declinew in net income in the first quarte ended March 31, to $9.7 million from $16.67 million a year ago. Th companyt attributed the decline to costs related toits next-generation satellited program. “Iridium continued to grow, althougbh the pace slowed given the currentfeconomic climate,” said CEO Matt Desch.
“In additioh to the impact of phasiny outequipment amortization, we believe the economic climate is affectiny equipment sales, as is the transition of newly introduced products into the distributionj channel as our partners move existingg inventory to make way for new Company officials say either Bethesda-based Lockheed Martinn or Thales Alenia Space will be selected as the program’sa lead contractor this summer. The program’sd new network of satellites called Iridium NEXT is expected to be deployecin 2014. Iridium NEXT will provide higherdata speeds, greateer bandwidth and the potential to deliver new data services and applicationxs to customers.
The company says its EBITDA, or earningz before interest, taxes, depreciation and amortization, increased 4.9 percent to $27.6 milliomn in the first quarter, up from $26.e3 million a year ago, though most analystas do not use that as a reliablrefinancial measure. Iridium’s revenue rose 2 percent to $75. 8 million for the quarter, compared to $74. million for the first quarter 2008. The slightly higher revenue came from increasedc commercial services revenueof $36.8 million but was offse t by a decline in subscriber equipment revenuw to $20.5 million for the Iridium’s commercial markets include maritime, aviatiobn and land mobile customers, which grew by 11.
5 perceny for the quarter. The company’s salesa to government customers, including the Departmenrt of Defense, grew 31 percent. Despite a 31 percenft increase in subscribersto 328,000, compared to 250,0090 in the first quarter of 2008, a $2 millioj amortization of equipment related to prio r year equipment sales, added to the decline in subscribedr equipment revenue. The company is planning to go public this but it is not taking the initial publicofferinb route. It is acquiring a publicly tradedinvestment (NYX: GHQ), an affiliate of Greenhill Co. Iridium has retainedc Deutsche Bank as its financial advisef forthe transaction.
Saturday, September 17, 2011
Stimulus: States allocated $5B for affordable housing - New Mexico Business Weekly:
asafevboriegum.blogspot.com
States will use the money to help developersa finance the acquisition and construction of affordablerental units. The funds are designec to fill the financing gap created by the frozenh market for Low Income Housing Tax a federal program that provides incentives for investment in rental housingfor low- and moderate-incomer families. As many as 1,000 housing projectes around the country are on hold becausd the value of the tax credit s has plummeted due to the credit according to theTreasury Department.
Treasury collaborated with the Department of Housintg and Urban Development on the programs to assisg states in financing affordablehousing “These programs are an important step in achieving the goal of puttinf American people back to while at the same time providing quality, affordable housing options for low-income families,” HUD Secretary Shaubn Donovan said. HUD also signed an agreement with the Department of Energyg that will make it easier for residents of HUD publi and assisted housing to weatherize their The income verification requirements for the Departmentof Energy’ Weatherization Assistance Program, which received $5 billionj through the economic stimulus are the same as for HUD housing subsidies.
Under the agreementt signed by thetwo agencies, residentes of HUD-assisted housing won’t have to go throughg the income verification process again in ordetr to have their homes “Thanks to this new we’re going to tear down the unnecessarty barriers in making the homes of low-income and elderlyt citizens more energy-efficient, and shred the red tape that too often standsd between government assistance and the people it is meant to serve,” Vice President Joe Biden “In the process, we’ll not only bring down energy costs, but also creatd new green jobs that will be the foundationb of our economic Construction companies that have received contracts for projects fundec by the economic stimulus bill are beginning to hire new workera or rehire laid-off employees, according to .
“Early reportd indicate that the infrastructure piece of the stimulus is beginning to do exactlh whatwas intended, put construction workers back on the said AGC Chief Economist Ken Simonson. Otherf contractors are canceling planned layoffs becauseof stimulus-funded Simonson said. For many contractors, stimuluxs projects are keeping a bad business environment fromgettinyg worse, he said. The numbefr of construction jobs declinedby 110,000 in according to the Bureau of Labor Statistics. Withour stimulus-funded projects, that numbe r would have been much worse, Simonson said. nonfarm payroll employment fellby 539,000 jobs in the smallest decline in six months.
This could be a sign that the economyu is beginningto stabilize, which “ixs consistent with the notion that demanrd for new construction will begin to emerge latetr this year and into 2010,” said Anirbabn Basu, chief economist for Associated Builders and “The stimulus package represents an important element in that Basu said. “With the broader economy beginning to recoverf even before the stimulus package has had a major the implication is that better timexsare ahead.
” Energy to award $787 million for biofuels R&D The Department of Energy planx to use $787 million in economic stimulus funds for biorefinery demonstration projects, and advancexd biofuels research and development. The departmenty will award $480 million for pilot- and demonstration-scale biorefineries that producradvanced biofuels, bioproducts, and heat and power in an integratedx system. These projects will facilitate the development of an advancedx biofuels industry to helpthe U.S. reducer its dependence on petroleum-based transportation fuels, according to the Department of Energy.
States will use the money to help developersa finance the acquisition and construction of affordablerental units. The funds are designec to fill the financing gap created by the frozenh market for Low Income Housing Tax a federal program that provides incentives for investment in rental housingfor low- and moderate-incomer families. As many as 1,000 housing projectes around the country are on hold becausd the value of the tax credit s has plummeted due to the credit according to theTreasury Department.
Treasury collaborated with the Department of Housintg and Urban Development on the programs to assisg states in financing affordablehousing “These programs are an important step in achieving the goal of puttinf American people back to while at the same time providing quality, affordable housing options for low-income families,” HUD Secretary Shaubn Donovan said. HUD also signed an agreement with the Department of Energyg that will make it easier for residents of HUD publi and assisted housing to weatherize their The income verification requirements for the Departmentof Energy’ Weatherization Assistance Program, which received $5 billionj through the economic stimulus are the same as for HUD housing subsidies.
Under the agreementt signed by thetwo agencies, residentes of HUD-assisted housing won’t have to go throughg the income verification process again in ordetr to have their homes “Thanks to this new we’re going to tear down the unnecessarty barriers in making the homes of low-income and elderlyt citizens more energy-efficient, and shred the red tape that too often standsd between government assistance and the people it is meant to serve,” Vice President Joe Biden “In the process, we’ll not only bring down energy costs, but also creatd new green jobs that will be the foundationb of our economic Construction companies that have received contracts for projects fundec by the economic stimulus bill are beginning to hire new workera or rehire laid-off employees, according to .
“Early reportd indicate that the infrastructure piece of the stimulus is beginning to do exactlh whatwas intended, put construction workers back on the said AGC Chief Economist Ken Simonson. Otherf contractors are canceling planned layoffs becauseof stimulus-funded Simonson said. For many contractors, stimuluxs projects are keeping a bad business environment fromgettinyg worse, he said. The numbefr of construction jobs declinedby 110,000 in according to the Bureau of Labor Statistics. Withour stimulus-funded projects, that numbe r would have been much worse, Simonson said. nonfarm payroll employment fellby 539,000 jobs in the smallest decline in six months.
This could be a sign that the economyu is beginningto stabilize, which “ixs consistent with the notion that demanrd for new construction will begin to emerge latetr this year and into 2010,” said Anirbabn Basu, chief economist for Associated Builders and “The stimulus package represents an important element in that Basu said. “With the broader economy beginning to recoverf even before the stimulus package has had a major the implication is that better timexsare ahead.
” Energy to award $787 million for biofuels R&D The Department of Energy planx to use $787 million in economic stimulus funds for biorefinery demonstration projects, and advancexd biofuels research and development. The departmenty will award $480 million for pilot- and demonstration-scale biorefineries that producradvanced biofuels, bioproducts, and heat and power in an integratedx system. These projects will facilitate the development of an advancedx biofuels industry to helpthe U.S. reducer its dependence on petroleum-based transportation fuels, according to the Department of Energy.
Wednesday, September 14, 2011
Wells Fargo continues integration of Wachovia with name change - Denver Business Journal:
ycoguqi.wordpress.com
The change reflects the bank’s continued integration with , whic h acquired Charlotte-based on Dec. 31. “By adopting the Wells Fargo nameand brand, we’re now fully part of one of the world’w most respected financial companies,” says Neil chief executive of Wells Fargo Bank “We look forward to satisfyingb all of our clients’ financial needs across Europe and helping them succeed financially.
” Well Fargo Bank International is a European Uniobn bank headquartered in In addition, Wells Fargo’s investment-bankintg and capital-markets businesses, which formerly operated under the Wachovia Securitiesw and certain Wells Fargo brands, have taken the name Wells Fargo Retail brokerage products and services formerly marketed as Wachovia Securitieas are now offered through Wells Fargop Advisors.
Wells Fargo (NYSE:WFC) is based in San
The change reflects the bank’s continued integration with , whic h acquired Charlotte-based on Dec. 31. “By adopting the Wells Fargo nameand brand, we’re now fully part of one of the world’w most respected financial companies,” says Neil chief executive of Wells Fargo Bank “We look forward to satisfyingb all of our clients’ financial needs across Europe and helping them succeed financially.
” Well Fargo Bank International is a European Uniobn bank headquartered in In addition, Wells Fargo’s investment-bankintg and capital-markets businesses, which formerly operated under the Wachovia Securitiesw and certain Wells Fargo brands, have taken the name Wells Fargo Retail brokerage products and services formerly marketed as Wachovia Securitieas are now offered through Wells Fargop Advisors.
Wells Fargo (NYSE:WFC) is based in San
Monday, September 12, 2011
LandMar files for bankruptcy - Philadelphia Business Journal:
bojony.wordpress.com
The Jacksonville-based residential development company was amon 125 affiliates that filed along with itsparentf company, Charlotte-based , in the Westernn District of Texas. Crescent’s estimated liabilities are morethan $1 according to the filing, and its largesy debt, at $13.6 million, is to Bank of The filing was necessary, accordingb to a statement on Crescent’s Web site, for the compang to reorganize its finances, reduce its debt level and improve its capitaol structure.
Crescent intends to operate its continuingb businesses without any significant interruption duringb the restructuring process because of a recentluyobtained debtor-in-possession financing facility of $110 milliom from a group of its existiny lenders, according to the statement. Andres Hede, Crescent’s chief restructuring officer, has been named CEO while its former chief executive, Arthur Fields, has retired and will work with Crescenyt in an advisory capacity.
“We have been in active discussion s with our lenders and other stakeholders as we work towardsz an agreement that will bring our capitak structure in line with the current economic environment,” Hede said in a statementy on the company’s Web site. Charlotte-based Crescent has been pursuingt alternatives to shore up its balancwe sheetfor months, including selling some of its assets. The companyu is jointly owned by (NYSE: DUK) and Morgamn Stanley and has 38 residentia l communities under development inthe Carolinas, Georgia, Texas, Arizonaa and Florida.
Crescent acquired a controlling interest in LandMaein 1999, but left LandMar’s founder, Ed in control of the companhy until he resigned after a failesd attempt to buy back the company in 2007. The Jacksonvilles Economic Development Commission authorized city lawyers in May to stargt the foreclosure process onthe 41-acre parcelo that was to be the Shipyards. Planz for the Shipyards included 1 million squarde feet ofoffice space, 100,000 square feet of commercialo space, 662 residential units, 350 hotel rooms and 150 marinqa slips. LandMar has developed or had plans to developp dozens more properties in Floridqa and throughoutthe Southeast.
The Jacksonville-based residential development company was amon 125 affiliates that filed along with itsparentf company, Charlotte-based , in the Westernn District of Texas. Crescent’s estimated liabilities are morethan $1 according to the filing, and its largesy debt, at $13.6 million, is to Bank of The filing was necessary, accordingb to a statement on Crescent’s Web site, for the compang to reorganize its finances, reduce its debt level and improve its capitaol structure.
Crescent intends to operate its continuingb businesses without any significant interruption duringb the restructuring process because of a recentluyobtained debtor-in-possession financing facility of $110 milliom from a group of its existiny lenders, according to the statement. Andres Hede, Crescent’s chief restructuring officer, has been named CEO while its former chief executive, Arthur Fields, has retired and will work with Crescenyt in an advisory capacity.
“We have been in active discussion s with our lenders and other stakeholders as we work towardsz an agreement that will bring our capitak structure in line with the current economic environment,” Hede said in a statementy on the company’s Web site. Charlotte-based Crescent has been pursuingt alternatives to shore up its balancwe sheetfor months, including selling some of its assets. The companyu is jointly owned by (NYSE: DUK) and Morgamn Stanley and has 38 residentia l communities under development inthe Carolinas, Georgia, Texas, Arizonaa and Florida.
Crescent acquired a controlling interest in LandMaein 1999, but left LandMar’s founder, Ed in control of the companhy until he resigned after a failesd attempt to buy back the company in 2007. The Jacksonvilles Economic Development Commission authorized city lawyers in May to stargt the foreclosure process onthe 41-acre parcelo that was to be the Shipyards. Planz for the Shipyards included 1 million squarde feet ofoffice space, 100,000 square feet of commercialo space, 662 residential units, 350 hotel rooms and 150 marinqa slips. LandMar has developed or had plans to developp dozens more properties in Floridqa and throughoutthe Southeast.
Saturday, September 10, 2011
Jury awards Centocor $1.7B in patent case against Abbott - St. Louis Business Journal:
http://vintageautorental.com/customerfeedback.html
An Abbott spokesman said the compantwill appeal. Horsham, Pa.-based Centocor, a division of makes the blockbuster rheumatoid arthritis treatment and had sued Abbottover Abbott’s arthrities drug, Humira. Both are so-called anti-TNF arthritis treatments. Pa.-based Centocor said it is the exclusive licensee of the whichis co-owned by . Centoco President Kim Taylor said “the jury recognized our valuableintellectuap property, finding our patent both valis and infringed. We will continue to assert intellectuak property rights for ourimmunology therapies, as they offefr significant advances in treatment for patients with a number of immund mediated inflammatory diseases.
” Abbott spokesman Scottg E. Stoffel said, “We are disappointeed in this verdict, and we are confident in the meritss of our case and that we will prevailon “The evidence clearly established that Humira was the first of its kind, fully-human anti-TNF antibody Stoffel said. “JNJ’s anti-TNF antibodgy medication, Remicade, is partially made from mousew DNA. JNJ did not launcyh a fully-human product until April 2009. In only when Humira was nearing its approva l in 2002 did JNJ amend the patent at issue in this litigatiojn to claim that it haddiscoveredx fully-human antibodies in 1994.
JNJ acknowledgeed at trial that it did not start working ona fully-huma n antibody until 1997 — two years after Abbott discovered Humira and one year aftet Abbott filed its patent applications for Humira.”
An Abbott spokesman said the compantwill appeal. Horsham, Pa.-based Centocor, a division of makes the blockbuster rheumatoid arthritis treatment and had sued Abbottover Abbott’s arthrities drug, Humira. Both are so-called anti-TNF arthritis treatments. Pa.-based Centocor said it is the exclusive licensee of the whichis co-owned by . Centoco President Kim Taylor said “the jury recognized our valuableintellectuap property, finding our patent both valis and infringed. We will continue to assert intellectuak property rights for ourimmunology therapies, as they offefr significant advances in treatment for patients with a number of immund mediated inflammatory diseases.
” Abbott spokesman Scottg E. Stoffel said, “We are disappointeed in this verdict, and we are confident in the meritss of our case and that we will prevailon “The evidence clearly established that Humira was the first of its kind, fully-human anti-TNF antibody Stoffel said. “JNJ’s anti-TNF antibodgy medication, Remicade, is partially made from mousew DNA. JNJ did not launcyh a fully-human product until April 2009. In only when Humira was nearing its approva l in 2002 did JNJ amend the patent at issue in this litigatiojn to claim that it haddiscoveredx fully-human antibodies in 1994.
JNJ acknowledgeed at trial that it did not start working ona fully-huma n antibody until 1997 — two years after Abbott discovered Humira and one year aftet Abbott filed its patent applications for Humira.”
Thursday, September 8, 2011
Building business harmony - Baltimore Business Journal:
doqujamup.wordpress.com
Alsop, who became the first female to lead a majord orchestra when accepting the rolein 2005, entered at a time when the BSO was facedr with a $19 million deficit. Her due diligenc forced her tothink "long and about taking the gig -- attendances had been lagging at the Joseph Meyerhoff Symphony Hall, the orchestra hadn't produced a label recordin g in nearly a decade, and possiblew labor unrest with musicians loomed. The BSO'd business struggles resulted in management turnover that eventuallgy saw the hiring of anew CEO.
"I t was such a difficult and odd said Alsop, who was previously principall conductor of the Bournemouth Symphony in the United "I don't run blindly into situations." But for Alsop, 51, she knew the obstaclees would put her in a perfect positionm to create a stir. And so far, the risk has paid off. The BSO celebratedr more than its 25th anniversary last season atthe Meyerhoff: It markedr a new beginning for the 92-year-old orchestra.
The symphony entered the 2007-2008 season free of the debt -- incurred in part by the constructiobn of a new concertvenue -- thanks to a one-time draw from its New management and board leadershil also secured a $1 million grant that helped cut nearly in half the averagre cost of tickets for subscribers. It's a move one industr y expert describes as a strategto "build a new audience base" -- albeit a risky one in the short term. Now the BSO'w brass is looking to build on the with several newcommunity partnerships, fresh musical performances, recordings and a new labor agreement with its musicians.
And, executives are in the earlyt stages of sketching a plan for the futur e of the Baltimoreinstitution -- lookinb to grow its endowmenty by as much as $70 million and refurbishingt the aging Meyerhoff. CEO Paul Meecham took over in October 2006 "with a huge job" on his but today says the BSO is now "very much operatingt as a business." As Alsop leads the musicall side, Meecham and the BSO'ss board are outlining a plan of theit own for the future. The BSO has reserved arounx $13 million from its $63 millioj endowment for potential refurbishments at the Plans include replacingthe roof, upgrading the building's lobby and recoverinb the hall's seats.
Meecham also wants to builc the BSO's connection with the corporate wherethe organization's largest partners alreadu include , , , and T. Rowe Price. He's hoping for 15 percent increases in revenue from both the corporated side andindividual donors. Jesse Rosen, CEO of the New York-basexd League of American Orchestras, said corporat sponsors play a big role in the growthuof symphonies. "It sends a message that the community is involved inthe organization," he said. "It'as a critical piece for any orchestra." Private contribution s make up around 40 percent ofan orchestra's according to data from the Leaguer of American Orchestras.
The BSO had revenuer of $25.6 million in fiscal year 2007. Meecham said the BSO plans to hire a consultant to pen a strategy for raisin g its endowmentby $50 million to $70 That initiative won't be rolled for at leasr another two years, he And one of the biggestf actions will be avoiding another The prior dip into the red stemmerd from a decline in revenue after the Sept. 11, terrorist attacks and subsequent a lack of control over expenses after therevenue drop, and startup expenses for the BSO's Music Center at Strathmorde in North Bethesda. The BSO saw attendance grow atthe 2,443-seat Meyerhoffc by about 13 percent during the 2007-2007 season.
That was in large part thankws to the grant receivedfrom PNC. The awardd came at the righgt time forsymphony leaders, who were in searcy of a way to boost Capacity climbed to 72 percent last which ran from September to June, up from 59 percenr in prior years. Subscription revenuse is already up 20 percentin 2008-20009 to nearly $750,000, leaders say.
Alsop, who became the first female to lead a majord orchestra when accepting the rolein 2005, entered at a time when the BSO was facedr with a $19 million deficit. Her due diligenc forced her tothink "long and about taking the gig -- attendances had been lagging at the Joseph Meyerhoff Symphony Hall, the orchestra hadn't produced a label recordin g in nearly a decade, and possiblew labor unrest with musicians loomed. The BSO'd business struggles resulted in management turnover that eventuallgy saw the hiring of anew CEO.
"I t was such a difficult and odd said Alsop, who was previously principall conductor of the Bournemouth Symphony in the United "I don't run blindly into situations." But for Alsop, 51, she knew the obstaclees would put her in a perfect positionm to create a stir. And so far, the risk has paid off. The BSO celebratedr more than its 25th anniversary last season atthe Meyerhoff: It markedr a new beginning for the 92-year-old orchestra.
The symphony entered the 2007-2008 season free of the debt -- incurred in part by the constructiobn of a new concertvenue -- thanks to a one-time draw from its New management and board leadershil also secured a $1 million grant that helped cut nearly in half the averagre cost of tickets for subscribers. It's a move one industr y expert describes as a strategto "build a new audience base" -- albeit a risky one in the short term. Now the BSO'w brass is looking to build on the with several newcommunity partnerships, fresh musical performances, recordings and a new labor agreement with its musicians.
And, executives are in the earlyt stages of sketching a plan for the futur e of the Baltimoreinstitution -- lookinb to grow its endowmenty by as much as $70 million and refurbishingt the aging Meyerhoff. CEO Paul Meecham took over in October 2006 "with a huge job" on his but today says the BSO is now "very much operatingt as a business." As Alsop leads the musicall side, Meecham and the BSO'ss board are outlining a plan of theit own for the future. The BSO has reserved arounx $13 million from its $63 millioj endowment for potential refurbishments at the Plans include replacingthe roof, upgrading the building's lobby and recoverinb the hall's seats.
Meecham also wants to builc the BSO's connection with the corporate wherethe organization's largest partners alreadu include , , , and T. Rowe Price. He's hoping for 15 percent increases in revenue from both the corporated side andindividual donors. Jesse Rosen, CEO of the New York-basexd League of American Orchestras, said corporat sponsors play a big role in the growthuof symphonies. "It sends a message that the community is involved inthe organization," he said. "It'as a critical piece for any orchestra." Private contribution s make up around 40 percent ofan orchestra's according to data from the Leaguer of American Orchestras.
The BSO had revenuer of $25.6 million in fiscal year 2007. Meecham said the BSO plans to hire a consultant to pen a strategy for raisin g its endowmentby $50 million to $70 That initiative won't be rolled for at leasr another two years, he And one of the biggestf actions will be avoiding another The prior dip into the red stemmerd from a decline in revenue after the Sept. 11, terrorist attacks and subsequent a lack of control over expenses after therevenue drop, and startup expenses for the BSO's Music Center at Strathmorde in North Bethesda. The BSO saw attendance grow atthe 2,443-seat Meyerhoffc by about 13 percent during the 2007-2007 season.
That was in large part thankws to the grant receivedfrom PNC. The awardd came at the righgt time forsymphony leaders, who were in searcy of a way to boost Capacity climbed to 72 percent last which ran from September to June, up from 59 percenr in prior years. Subscription revenuse is already up 20 percentin 2008-20009 to nearly $750,000, leaders say.
Tuesday, September 6, 2011
Neutral Factfinder Rules That Fresno County Home Care Wage Cuts Should Be Stopped
mozybyd.wordpress.com
June 12 /PRNewswire-USNewswire/ -- An independent factfindee jointly hired by Fresno County and SEIU UHW to resolvethe on-going disputwe over the County's plan to cut the wagex and benefits of 10,00o0 home care workers in the Fresno area, ruledf against the County today and ordered that the cuts be The Fresno Board of Supervisors is expectex to vote whether to accept the findingz on Tuesday. SEIU UHW invoked theit right to arbitration after the Board of Supervisora voted to reduce the wages and benefits of homecare This is the second factfindinhg that has ruled againstthe County's planned According to the factfinder there is "no necessity for a reduction in wage/benefir levels and therefore there should be no change in such levels.
" He ordered the County to adoprt the report immediately. The factfinder ruled that Fresnko County will receive enougg additional money through the economic stimulus to offse t any reductions in revenue the County is currently According to thefactfinder "the County will benefit substantially by the retroactive increase of federal funding to October, 2008." ARRA has alreadt made available close to $2 billion of the Federal Medica l Assistance Percentage (FMAP) promised to California. The funding provides much needee financial assistance for counties struggling with hugebudget deficits. SEIU has also filex for an emergency injunction to stop the cuts from going into effectg onJuly 1st.
The lawsuit, which was brought on behalfc of individual consumersand SEIU, argues that the planned cuts put seniors and people with disabilitiesd at risk and violate the Americans with Disabilitieds Act, the Rehabilitation Act, and federal Medicaird Law. California's In-Home Supportive Services programn provides vital services to manyof California's most vulnerablew citizens. The services providedd by home care workers allow the elderly and people with disabilitiees to remain safely in their homes, reducing the need for more restrictivew and costly institutional care - resulting in more than $1 billiom in annual savings to the State of California.
SEIU UHW representss more than 150,000 healthcare workers acros s California and our membersprovide first-rate care to milliond of Californians. We are a proud affiliate of the2 million+ member Service Employees International Union (SEIU). Learn more at
June 12 /PRNewswire-USNewswire/ -- An independent factfindee jointly hired by Fresno County and SEIU UHW to resolvethe on-going disputwe over the County's plan to cut the wagex and benefits of 10,00o0 home care workers in the Fresno area, ruledf against the County today and ordered that the cuts be The Fresno Board of Supervisors is expectex to vote whether to accept the findingz on Tuesday. SEIU UHW invoked theit right to arbitration after the Board of Supervisora voted to reduce the wages and benefits of homecare This is the second factfindinhg that has ruled againstthe County's planned According to the factfinder there is "no necessity for a reduction in wage/benefir levels and therefore there should be no change in such levels.
" He ordered the County to adoprt the report immediately. The factfinder ruled that Fresnko County will receive enougg additional money through the economic stimulus to offse t any reductions in revenue the County is currently According to thefactfinder "the County will benefit substantially by the retroactive increase of federal funding to October, 2008." ARRA has alreadt made available close to $2 billion of the Federal Medica l Assistance Percentage (FMAP) promised to California. The funding provides much needee financial assistance for counties struggling with hugebudget deficits. SEIU has also filex for an emergency injunction to stop the cuts from going into effectg onJuly 1st.
The lawsuit, which was brought on behalfc of individual consumersand SEIU, argues that the planned cuts put seniors and people with disabilitiesd at risk and violate the Americans with Disabilitieds Act, the Rehabilitation Act, and federal Medicaird Law. California's In-Home Supportive Services programn provides vital services to manyof California's most vulnerablew citizens. The services providedd by home care workers allow the elderly and people with disabilitiees to remain safely in their homes, reducing the need for more restrictivew and costly institutional care - resulting in more than $1 billiom in annual savings to the State of California.
SEIU UHW representss more than 150,000 healthcare workers acros s California and our membersprovide first-rate care to milliond of Californians. We are a proud affiliate of the2 million+ member Service Employees International Union (SEIU). Learn more at
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