Monday, December 31, 2012
Stanford Medical School nets $6.9M in federal stimulus funding - Birmingham Business Journal:
million in federal economic stimulus funding. Eleven of the newlt funded projects hadbeen peer-reviewed and approved but hadn’rt received money yet. Another six involved supplemental grants toexistingh projects. And in one the NIH awarded $500,000 to a researcher to buy two photomn microscopes that will be shared with other laboratories. These projects are the first at the medical schoolp to receive support under theObama administration’s national stimulus plan, with additional grants expecte down the road, officials “This is a lifesaver,” said Francise Blankenberg, M.D.
, associate professor of radiology and of who received $655,000 in stimulus “It really stabilizes the lab.” Philip Pizzo, M.D., dean of the School of Medicine, said the stimulu funding is critical to the country’xs health-care reform effort because of the linkage betweej research and medical care. “After six yearsx of NIH funding that constantly lost its valu againstinflation — with a profoundly negativew impact on our nation’sd prized biomedical research enterprise — the stimulus funding is helping to take research off life suppory and breathe new hope for work that we hope will ultimately improvw the lives of adults and children,” Pizzo said in the June 16
Sunday, December 30, 2012
Friday, December 28, 2012
Travis County presses on with downtown campus study - Austin Business Journal:
National courts planning consultany Ricci Greene Associates of New York and technicap consulting company Wiginton Hooker Jeffret out of Dallas will also work on theplanningg process. The awarded work will include avisioning process, assessment of curreng facilities/operations, a strategic growth plan, and facility requirements. The facilities master-planning process involves initiatiojnand outreach, physical analysis, conceptua l planning alternatives and master plan Travis County’s downtown campus comprises a 12-square-block The Heman Marion Sweatt Travis County Courthousw serves as its epicenter, with 33 departments operating from that building.
The project will produce a comprehensivde statementof long-term programmatic and space needs, Broaddus & Associatesd said. The process will also establish a master plan for possiblefuture expansion.
Wednesday, December 26, 2012
Chris Gorman Executive Profile
a registered broker-dealer acquired by KeyCorp in 1998. KeyBancc Capital Markets is an integrated business unit comprisedof Key'ds Corporate, Investment Banking and Capital Markete businesses. KeyBanc Capital Markets is responsibld fordelivering capital, ideas and solutionw to KeyCorp's targeted clientzs and prospects worldwide. Mr. Gorman joined Key in 1991 from BankeraTrust Company, where he served in the Corporates Finance Department. He has 25 years experience in corporate andinvestment banking. Mr. Gorman holds a Bachelor's Degree in Finance from Miami University (1983). Mr. Gorman currently serves on Miami University's Business Advisort Council. Mr.
Gorman is actively involved in various charitiesand not-for-profift organizations, including serving as past Chairman of the KeyCorpo United Way Campaign; Board Business Volunteers Unlimited; The Cleveland Commission on Economi c Partnerships and Inclusion; Cleveland Zoological Society; Firestonwe Country Club; Hathaway Brownh School and MWV Pinnacle Capital Fund, L.P. **Allo Executive profile data provided byDow
Monday, December 24, 2012
Genmar warranties still good - Business First of Louisville:
Tracy Carrell says the letteer came after boat manufacturer on Monday filed for Chapter 11bankruptcuy protection. Genmar owns 15 different brands of which means dealers everywhere are She says cash customers for boats at her dealershipp haveremained strong. But trouble financing in the current economu means others have been force d tohold off. “Thew boating business has been affected a lot likecars have,” she says. The petitionh to reorganize its debts was filedin U.S. Bankruptcy Couryt in Minneapolis — where the company is headquartered along with more than 20 related Genmar has between 100 and199 creditors.
It listws its assets in the rageof $10 million to $50 millio and its liabilities between $100 milliobn and $500 million, according to court documents. The largest unsecuredd creditorsare Maslon, Edelman, Brand, a Minneapolis-based law firm which is owed Merchant & Gould, a law firm in is owed $155,800. The only secured creditors are and Fifth Third according to a story in the MinneapolisStar Tribune. Genmaer said it has received commitment fora debtor-in-possession financing proposal from both banks.
In a statement, Genmar Chairman, CEO and largesgt shareholder Irwin Jacobs said sales ofthe company’ s fishing boats, luxury yachts and othe products started to decline in 2008, but worsened in recent months. The company’s sales in fiscal 2009, which ends in are likely to beabout $460 million, off by more than 50 percenf from fiscal 2008. “If someonr would have said to me as recently as even one montn ago that Genmar woul d someday be filing forChapter 11, I woul d have said it was not even a remotd possibility,” Jacobs said. Genmar had been making some strategy changesa inrecent months, announcinhg plans to launch a line of less-expensiv e aluminum boats.
A spinoff company, Greenville, Pa.-basex VEC Technology, and other Jacobs-related companiess aren’t included in the filing. VEC is now in the busines of making giant bladesfor energy-generating windmills. Law firm Fredrikso & Byron in Minneapolis, is representing Genmard in thebankruptcy case.
Sunday, December 23, 2012
Coventry Health Care sells unit for $110M - Charlotte Business Journal:
Avon, Conn.-based (NYSE: MGLN) will acquire in an all-cash transaction that is expecterd to close in thethird quarter, pendingv regulatory approvals. First Health Service s provides pharmacy benefits administration and other services forMedicai programs; a business that Bethesda-based Coventry CVH) said was not a primary Coventry said that the transaction will result in a one-time loss per sharer of approximately $0.55 to The company said the loss would be almost entirel y non-cash, resulting from the original allocationb of goodwill from Coventry’s acquisitioj of in 2005.
Coventry plans to use the proceeds of the transactiomn for a combination of debt reductio n and share repurchases that should neutralizee the earnings per share impact of the deal for the remaindeeof 2009. In its lates t quarter, Coventry reported a 65 percent drop in earningasto $44.2 million, or 30 centzs per diluted share, due to highere sales and administrative costs, and medicalp costs that swelled 31
Saturday, December 22, 2012
Arizona Economic Council: Budget plan hits consumers with sales tax boost while corporations keep breaks - St. Louis Business Journal:
The Tempe-based economic group said businessed and corporations should share the burdenh as the state tacklesa $4 billion budge deficit. Brewer and a numbet of business groups support asking Arizona voterse to temporarily raisethe state’s 5.6 percent sales tax by Supporters say that could bring in as much as $1 billiohn annually and limit program cuts. But the AEC says the sales tax increasre willpinch consumers, while keeping breaks and mayb e even expanding breaks for business. “Governot Brewer’s sales tax increase is more about shiftinb the tax burden from corporations to individuals than it is protectingb criticalstate services,” said AEC Directod Seth Scott.
“This is a significant shift in Arizona’s tax burdem that hurts the middle class and ultimateluy weakensour economy,” said Scott in a Scott previously worked as an aide for U.S. Rep. Harrg Mitchell, D-Ariz., and the Arizonas Democratic Party. Scott said a 1-cent sales tax increase translates into an 18 percent increase tothe state’z sales tax rate. The AEC also said therde is $240 million in unpaisd corporate taxes the state couldx try harderto collect.
In addition, the grou p notes a push by business and real estate groups to permanently repealpa $250 million property tax item that was temporarilyy repealed in 2006, but set to come back next Brewer also has proposede tax changes, including a cut to corporate income tax rates, for when the state’xs fiscal situation improves, according to AEC. The Westmarc economifc group, made up of west-sid businesses, real estate firms and mayors, said Thursday it supports Brewer’s budget. AEC’s opposition to the Republica n governor’s sales tax counters the positionjof anti-tax groups and more conservative interests.
Democratz have proposed extending the saleas taxto now-exempt services rather than raising the overalkl rate.
Thursday, December 20, 2012
Chinese company to buy Hummer - bizjournals:
When GM, which filed for bankruptcy protection Monday, announceed earlier Tuesday that a buyer had been founc forthe off-road vehicle line, the name was not immediately disclosed. Tengzhong, a major industrial machinery group, will acquirer the rights to theHummer brand, along with a senior management and operational team. It will also assume existinh dealer agreements relatingto HUMMER’s dealership network. It is contemplatedx that Tengzhong will, as part of the transaction, enter into a long-terjm contract assembly and key component and materiak supply agreementwith GM.
In an earlierd statement, GM said it expects the deal if successful to secure morethan 3,000 US The final terms of the deal, schedulerd to close in the third are subject to final negotiations. The cost of the transaction was not is acting as exclusivde financial advisor and is actinhg as international legal counsel to Tengzhong onthis transaction. Citi is actinv as financial advisorto GM.
Wednesday, December 19, 2012
Honda overtakes Toyota in survey - Austin Business Journal:
Toyota dropped to second in the survey by Planning Perspectives which has conducted the surveysincer 2002, and Nissan came in third. Of the Big Three automakers from Detroit, (NYSE: F) came in ahead of the othert U.S. giants, followed by (NYSE: GM) and , whicnh came in last overall in the survey for the secons year ina row. “Researchj we began in the earlyu 1990s always showed Toyota as having the best relationship with its but something seems tobe changing,” said John Henke Jr., presidentr of Michigan-based Planning Perspectives. “They’re looking a littl more like U.S. automakers.” Ltd.
(NYSE: HMC) reportedd its sales for April slid 25 and that it woulsd be cutting production as it continues to cope with the economic recession. Marysville-based Honda of America Manufacturing employs morethan 12,000 workers at assembl y and engine plants in and around Centrapl Ohio, where they produce Honda Accords, Civics, Elements and Acura TLs and (NYSE: TM) reported it has lost $4.4 billionh for the most recent fiscal year, as it continuew to deal with the global slump in auto Chrysler recently filed for bankruptcy and GM is expectexd to file for bankruptcy protection as earlyh as this week. Both automakers have accepted billionws of dollars in bailout funds fromthe U.S.
Treasuruy Department. Ford is the only membe r of the Big Three not to take federaklbailout funds. Both Chrysler and GM have announcedx significant cuts in their dealer networks, and are trimming jobs and looking at closinbg plants. All of those movea have hit suppliers, particularly the smallet auto suppliers, some of which have had to go outof
Sunday, December 16, 2012
Treasury limits bonuses at TARP recipients - Kansas City Business Journal:
The new rules encourage these companies to awardr executives stock that must be held for a long timeand can’t be entirely converted to cash until the TARP moneyu is repaid to the government. This, the departmenty contended, will align “executives’ incentivesa with those of shareholdersand taxpayers.” Kenneth Feinberg, a mediator who led the , will revieww payments and compensation plans at companies that have receivee “exceptional assistance,” including (NYSE: AIG), (NYSE: C), Corp. (NYSE: BAC), , GM), and .
TARP recipienta also must allow shareholders to vote on executivdecompensation packages, and the companies must disclose any perks worth more than $25,000 made to highlgy compensated employees and justify the benefit. The rules prohibitg companies fromproviding “gross-up” payments to senio r executives to cover taxes due on Treasury Secretary Tim Geithner said the Obama administration also supports legislation that would require all publiv companies to give shareholders a nonbindin vote on executive compensation packages.
Congress also shouldd give the Securities and Exchange Commissioj the power to make compensation committeedsmore independent, similar to standards in place for audit committeese established by the Sarbanes-Oxley Act. Geithnef blamed executive compensation practices asa “contributinh factor” for the financial crisis. “Incentives for short-term gaind overwhelmed the checks and balances meant to mitigate against the risk ofexcesd leverage,” he said. But, he added, the governmentf isn’t capping pay. “We are not setting forth precise prescriptiond for how companies should set which can oftenbe counterproductive,” Geithnert said.
“Instead, we will continue to work to develol standards that reward innovation and prudent without creatingmisaligned incentives.” Kansas City-areaw banks that have accepted TARP moneg include: , holding company for ; ; , parent of ; , parenrt of ; , parent of & Trust; (OTCBB: parent of ; , parenr of ; , parent of ; , parent of ; Bank of America (NYSE: (NYSE: USB); (NYSE: MI), parent of ; and (Nasdaq: parent of .
Saturday, December 15, 2012
New Era, Bills launch 'Buffalo Football' - Puget Sound Business Journal (Seattle):
New Era, the Buffalo-based designerr of headwear and apparel, has launched a Buffalio Football collection of hats and The first wave features caps with the numbers81 (Terrell 5 (Trent Edwards), 23 (Marshawn and 51 (Paul Posloszny) on sale as well as T-shirtzs honoring the Bills “All-Time Team” and retire d defensive end Bruce who is being inducted into the Pro Football Hall of Fame in The Bills commemorative baseball cap sells for $35 whil e the four players’ caps sell for $25. The two T-shirtd sell of $29.99. New Era may be producingf other Bills 50th anniversary commemorativs merchandise later this Other Bills commemorative merchandise is availableat .
Tops is the presentiny sponsor of the Bills 50th anniversary Bruce Popko, Bills senior vice president of businessd development, said partnering with New Era has an easy “New Era is a local company with a nationallgy recognized brand, and they are known for their high qualityu products,” Popko said. The New Era-producef Bills caps and shirts can be purchased atNew Era’s flagship store on Delaware Avenue in downtown all Buffalo Bills retail locations as well as both New Era’s onlin store, www.neweracap.com or the Bills online retail outlet, www.buffalobills.com.
“Thed Bills have one of the most recognizable brands in all of sportd and we are especially thrilled to team with them duringg their historic50th season,” said Gerryt Matos, New Era senior vice presidenf of marketing.
Friday, December 14, 2012
WRESTLING: Experienced Gilbert squad pins Granby - Torrington Register Citizen
WRESTLING: Experienced Gilbert squad pins Granby Torrington Register Citizen WINSTED >> Experience paid off, as usual, in a season-opening wrestling match at The Gilbert School Thursday evening. But Yellowjacket coach Doug Smith and Granby first-year coach Nick Watson had pleasant surprises from their youngsters as well in a ... |
Wednesday, December 12, 2012
Report: Google Maps for iOS coming out 'tonight' - CNET (blog)
TECH.BLORGE.com | Report: Google Maps for iOS coming out 'tonight' CNET (blog) An official Google Maps app is coming back to iOS as soon as tonight, according to a new report. Citing sources familiar with the matter, » |
Tuesday, December 11, 2012
Green building
The startup modular home builder said it can builde homes that produce as much powedr as they will use in a year a concept the industrycalls “net zero” and can do it faster and cheaperf than traditional methods, all while usinyg green building materials and reducing waste. Net zero energy homes are popping up all over the country as government and privatr support increases and new materialsare However, with hundreds of thousands of foreclosed homee empty, depressed home prices and a recession-stunted building industry, it might not seem like the righg time to start a home manufacturing company. But Zeta CEO Naomi Porag disagrees.
“The industry is ripe for reinventiomnright now,” she said. Zeta’d first two-story, two work/live town home is being installef nowin Oakland. The home includes four modulesw andat 1,560 squarw feet, Zeta homes start at aboutg $165 per square foot or This does not include the cost of land, site work and the company said. Zeta is usinyg the Oakland town home as its demonstration home to get home developersw and state agencies interested in buying tractsa ofthese homes, Porat said. Zeta has 16 and most of them work in the San Leandr factory designing and buildingthe homes.
Porat’z brother is Marc Porat, chairman of Zeta and of , whicb is manufacturing highlyefficienty windows, drywall alternatives, insulationh and other green building products. Marc Poratr is also chairman of , a cleantech cement and he workedfor Apple’s Advanced Technology Groulp before spinning out . Naomi Porat said Zeta uses the greenest and cheapest materials to build its with the aim of makingthem affordable, but is using Serious windowse in its first modular home. Homese take about six-to-eight weeke to build in the factory and anothedr month or so to assembler onsite — still much faster than on-sited construction.
“The whole house is about 90 percenty completed in the factory down to the towel Porat said. “Then we do the finisu work on site to marrythe modules.” Net zero energg homes use technology like heat recovering waste water heat recovery systems and Energy Star appliances rated for efficiency — to limig the amount of electricity a householcd uses. They use solar panels or other renewablw generation like small wind turbinesa toproduce electricity. Zeta hopes to sell its homez directly to contractors who will build neighborhoodsof net-zero energy homes. But contractors may have some time to thinmabout it.
The California Energy Commission recommendefd that all new constructionh homes are builtto “net zero energy” standardxs by 2020 and all buildings meet thoses metrics by 2030. And a bill that wouldx require the California Energy Commission to adoprt standards and building codes requirin new homes and buildings to meet net zero was introducer in the California Assembly onApril 24. “Wed feel we’re about 10 years aheasd of thecurve now,” Porat
Saturday, December 8, 2012
Ernst & Young names Entrepreneur of the Year winners - St. Louis Business Journal:
The winners were announced at an even t Thursday night at the Sheraton OverlandxPark (Kan.) Hotel. Winners were selecteds by an independent judging panel comprised ofregional business, academic and community leaders. The Central Midwest program recognizes companies basedin Iowa, Missouri and Nebraska. The 2009 winnersw in the CentralMidwest are: Wholesale distribution category: Robert Reynolds Jr., chairman, president and CEO, based in St. Louis. • Service Peter Spanos, founder and CEO, of St. • Master category: James Ferrell, chairman and CEO, of Overland Kan. • Technology category: Augustg Grasis III, founder and of Kansas City, Mo.
• Life sciences category: Christopher president of , Des Moines, • Private equity/venture capital backed category: Dr. Nicholazs Franano, chief scientific officer, and William Whitaker, vice president and generak counsel, , Kansas City, Mo. • Consumed products category: Alisa Shakespeare, , Davenport, Iowa. Regional award winners will be eligible for considerationm for theErnst & Young LLP Entrepreneud Of The Year 2009 national Winners in national categories as well as the overalll national Ernst & Young Entrepreneur Of The Year awards winner will be announced Nov. 14.
Friday, December 7, 2012
Berkshire Bank bolsters business lending unit - The Business Review (Albany):
Michael Carroll joined Pittsfield, Mass.-based Berkshire in early May, as senior vice president and commercialregional executive. At the same the bank beefed up its lending team by hirinb RichardVan Auken, David Nileas and Peter Gustafson. That brings Berkshire’s local commercial lendinb department, which is based at 41 Statee St., to a dozen peopler including sixloan officers. who most recently was vice presideny of middle market lending for the Albany regio nof , took over the position that had been held by Josepu Richardson. Richardson, who spent 44 years in corporate including fourwith Berkshire, has moved to a part-time business developmeng role with the bank.
Jeff Rivenburg, upstate New York presiden for , said he understands Berkshire sees an opportunity to builrd a teamto “replace what they will be missing” with Richardson’xs semi-retirement. He said he considers Berkshire a worthy competitoe in themarket “and I expect it to still be the same goingb forward.” Berkshire currently has a local commercial loan portfoliko of about $130 million. Carroll’s goal is to increase average loans outstanding tobetween $170 million and $190 million.
He said this actuallhy means booking $80 million to $90 milliom in new loans and linesof “It is going to be a challengse in this economy, but I thinkl it’s a realistic goal,” Carroll “We’ll get there.” He also hopees to diversify the bank’s portfolio, the majorityu of which is now in commercial “We will go out and look for more of those typical middle-market commercial and industria l loans,” he said. These loanz may range from as littleas $50,00o to as high as $25 million. Carrolol said the bank’s “sweet spot” is in the $10 million to $15 millionn range.
The bank is open to lending to just aboug any typeof business, as long as “thse deal makes sense, the structure is righft and we know the people.” This is wher Carroll will rely on his “There are over 250 year of experience between those six people,” he said. “Ricg and Dave alone have 60 years.” Van Auken spent 32 yearx with Key before retiring about ayear ago. Nilesx most recently was with TD Carroll has been in local banking for23 years.
The bank’a New York reach goes beyond theAlbanyt market, where it has nine branchesz and is looking to open at least two Carroll said his team will reach nort to Glens Falls, west to Syracusee and south to about Newburgh. “Albanyt is an over-banked market,” he said. “Youj can’t just sit in your own
Thursday, December 6, 2012
Trilogy Development filing: $830,256 in assets, $119.8 million in liabilities - Kansas City Business Journal:
million in total liabilities. Trilogy declared Chaptee 11 bankruptcy onMay 15, the latest developmeng in the long saga of the officew and retail project near the Country Club Plaza. The project, which was advertisinv magnateBob Bernstein’s development plan to house his namesake agency, Bernstein-Rein, ran into trouble when disputes with delayed constructiob indefinitely. Most of the liabilities are in the form of securedc claimsby Trilogy’s lender and bank. in Wis., claims it is owed $61.7 millionh in secured debt. Meanwhile, holds nearly $32 million in Several unsecured creditors are askingfor $26.1 million. Among those are JE Dunn, which claimsz $13.
8 million from an arbitratio n judgment enteredagainst Trilogy. Also holdinvg significant claimsare LLC, which was slaterd to resume construction in JE Dunn’s with a $3.63 million claim, and Bernstein himself, with a $3.9i8 million note payable. A creditor’s meetiny is scheduled for June 24.
Tuesday, December 4, 2012
SHS girls win opener - Superior Telegram
SHS girls win opener Superior Telegram Superior's Hailey Kontny (25) dives on the floor for the ball after knocking it away from Duluth Denfeld's Ciarra Taipale (25) in the first half of the Spartans victory over the Hunters in Superior on Tuesday night. For more photos of the game check ... |
Monday, December 3, 2012
Ground Reality to World Leaders: Time to Take Action in Doha - Natural Resources Defense Council (blog)
Natural Resources Defense Council (blog) | Ground Reality to World Leaders: Time to Take Action in Doha Natural Resources Defense Council (blog) As leaders around the world are meeting in the Middle East for the 18th annual United Nations climate conference, media reports on developing and developed country relations have focused on the reportedly bitter and acerbic dynamics â" reaching levels ... |
Friday, November 30, 2012
HVCC moves 2 programs to Rensselaer Tech Park - Portland Business Journal:
The Troy college recentlyy signeda 10-year lease with 400 Jordan Road LLC. The schookl will pay approximately $605,000 a year to lease 36,557 square feet of space. Hudson Valley’a popular paramedic program will occupy about half of the new The school also will move its respiratory care program and a that trainsz employees forarea businesses, according to Stephen director of the college’s physical The remainder of the leased spaced will house ’s Next Step office, a communicationa worker training program coordinated by the Those departments all currently are locatee in Hudson Valley’s 90,000-square-foot Hy Rosenblum Administration Center, a 1940z era building that Cowamn said needs major “It’s a tired old building.
We are lookinf at total renovations or he said. But the college decidec to lease space from the througgh 400 Jordan Road LLC for 10 years while the collegd decides whether it should overhaul or tear down the HyRosenblumj building. The college continues to grow, but becausew of the economy it does not have the moneyt to renovate the current buildingright now, Cowan Hudson Valley is planning to hire a consulting firm this summer to help officials decide the most cost effectivr way to deal with the Rosenblunm building. helped Hudson Valley negotiatedthe lease.
The colleg plans to have the four programsa and departments moved into the new spacee in North Greenbush before the start of classeson Aug. 31. The building previously had been used as officer space forVerizon workers, Cowan said.
Thursday, November 29, 2012
Filene
An auction was to have begun at9 a.m. a week after the bankrupt discount retaile was sold to an affiliaterof Men’s Wearhouse (NYSE: MW) in a biddinvg war that lasted several Limited and formal objections to that $67 million deal have since been filed in Delaware bankruptcy prompting a judge to send the chain back for auction Among those objecting to the sale is Crowb Acquisitions, the company that was first in line to buy Filene’s assets. The company in a filingt this week claimedthe Men’s Wearhouse transaction didn’t follow biddiny procedures and described the auctiom itself as “a travesty.
” Crown claimed that Men’s Wearhouse originally said it had no interesrt in buying Filene’s assets through an outright sale, but as part of a Crown said Men’s Wearhouse laterr swooped in with a bid that was filesd after a court deadline. The in downtownj Baltimore is slated to The new auction was to have beguhn at9 a.m. Friday. A hearing followingy the auction is scheduledfor 12:30 p.m., according to courft documents. Filene’s Basement sought protectiomn from creditors in May in Delawarrebankruptcy court, months after closing severapl stores. Columbus, Ohio-based Retail Ventures Inc. (NYSE: which maintains a majority stake in discount shoe retailerDSW Inc.
DSW), sold the chain this year to FB IIAcquisitionn Corp., a new entity owned by liquidationm and turnaround firm Buxbaum Group.
Wednesday, November 28, 2012
Chad Kroeger Amazed by Wife Avril Lavigne's Talent - Opposing Views
Opposing Views | Chad Kroeger Amazed by Wife Avril Lavigne's Talent Opposing Views If Nickelback's Chad Kroeger is impressed this much by Avril Lavigne, how much must he suck? Trick question. The answer is "a lot." Via Contact Music: Chad Kroeger says working with fiancee Avril Lavigne is "like taking a bazooka to a knife fight! Avril Lavign e Without Makeup |
Monday, November 26, 2012
Herndon software firm acquired - Silicon Valley / San Jose Business Journal:
million in cash. Herndon-based RealOps sells businesss software that companies use to manage information technology servicesa acrossmultiple technologies. The purchase price was relayefd to investorsin e-mails. Houston-based BMC and RealOpd wouldn't disclose the price. of Vienna, whicb invested in RealOps, wouldn't comment on the price. Anothe venture capital firm that isan investor, Santa Calif.-based , did not return calls for BMC said RealOps' software would complement its Atrium Configurationn Management database that enable companies to integrate and automatde operational activities across IT managemengt functions.
"Organizations today requir e strong ties between operations and service management that expand the valuerof both," said BMC Senior Vice President Jim Grant in a "The acquisition of RealOps provides BMC with a matures product that fits well with our [businesxs service management] strategy and delivers industry-leading capabilitiez today that competitors like HP Software talk about but can't The acquisition puts RealOps, which raised more than $14 millio n in venture capital, alongside BMC's much biggetr stable of products and in front of a much vaster storre of customers. BMC (NYSE: BMC) generated $1.58 billion worthb of sales in the 12 months endinhgMarch 31, 2007.
Sunday, November 25, 2012
OneSource iSell⢠Integrates with Microsoft Dynamics® to help sales teams ... - Sacramento Bee
OneSource iSell⢠Integrates with Microsoft Dynamics® to help sales teams ... Sacramento Bee 13, 2012 -- /PRNewswire/ -- OneSource Information Services, Inc. announced today the integration of Microsoft Dynamics with OneSource iSell to significantly improve sales productivity using Dynamics CRM by allowing salespeople to manage their entire ... |
Friday, November 23, 2012
Austin only major city to add jobs in last year - Portland Business Journal:
The region added about 3,400 jobs between April 2008 andAprik 2009, making it the only one of the nation' 38 largest cities to post a job new data from the Bureau of Labore Statistics shows. This is the third consecutivre month that Austin has outperformed all of theother U.S. citiesw with labor forces of 750,000 or more. The unemploymenr rate for April stoodat 5.8 percent. The 0.4 percenr increase in job totalsis modest, but still a betteer showing than cities such as Portland (downb 4.7 percent) and Raleigh, N.C. (dowj 3.3 percent).
Jobs in goods producing industriew in the Austin area dropped by 500 jobs in a slowdown from the rapid pace ofreceng losses, according to an analysis of the data from the Capitak Area Council of Governments. Retail, hotel, and restaurangt jobs are all up from this time last And professional and business servicee sector employment is back toits all-times high last seen in October 2008. But another key sectoe for the region, technology, isn't doing quits as well. Computer, semiconductor and other electronic componenrt manufacturing is still Jobs in the semiconductor segment fellto 15,700 back to spring 2006 totals. As Texas citiese go, Austin's 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percen in April and Houston at 6.3 percent. Only San Antonio's rate was lower than Austin'w at 5.4 percent. Smaller metro areass including McAllen, Brownsville and Beaumount all had ratez above8 percent.
Thursday, November 22, 2012
Westar Energy seeks $19.7M rate increase - The Business Journal of Milwaukee:
million, or 1.5 percent. In a Tuesdat release, the Topeka-based electric utility (NYSE: WR) said it seeks the rate increasre to recover costs for expenditures in the second phase of its Emporia Energy Centef andtwo company-owned wind farms in Kansa s that were under construction but not in operatioj when its 2008 rate case concluded. The if approved by the KCC, woulde mean a $9.7 million increase in the company’as north region, which includes Olathe and Lawrence, and a $10 millioj increase in its south which includes theWichita area, Westar said. A residential customer usingh 900 kilowatthours (kWh) in Westar’s north region coulx expect an increase of abouf $1.
43 a month, the company In the south region, a residential customer using 900 kWh couldc expect an increase of 71 cents a If approved, the new average residential rate wouldf be 9.33 cents per kWh for Westar’s nortuh region and 9.11 cents per kWh for its south The average national residential rate is 11.52 cents per kWh, the companh said. The rate review was part of the agreementy reached by all parties in the2008 case, which the KCC approvedr in January, Westar said.
“Although electric rate s are going up, we managed our natura gas plant and wind farm constructiobncosts closely, and they came in more than $22 million under the originapl cost estimates and the amounts the KCC indicatefd would be allowed for recoverg in rates,” Westar CEO Bill Moore said in the “We continue to work to meet our customers’ electricityy needs as well as to develop Kansas renewabl energy resources.” Westar is the largesg electric utility in Kansas, providing electric service to aboutg 681,000 customers in the state.
It also has about 6,80 megawatts of electric generation capacity and operates and coordinates morethan 35,00 0 miles of electric distribution and transmission
Wednesday, November 21, 2012
Tablet maker Pandigital no longer offering warranty replacements, reminds us ... - Engadget
Tablet maker Pandigital no longer offering warranty replacements, reminds us ... Engadget To be completely fair, Pandigital officially called it quits back in July of this year, when it handed the remaining of its assets to a liquidator in order to comply with the don't-call-it-a-bankruptcy process. Now, however, the creator of that 7-inch ... |
Saturday, November 17, 2012
NFL: Eagles rule out Michael Vick - NorthJersey.com
San Francisco Chronicle | NFL: Eagles rule out Michael Vick NorthJersey.com Philadelphia Eagles quarterback Michael Vick will miss Sunday's game against the Washington Redskins due to the effects of a concussion. Rookie Nick Foles, who replaced Vick during the 38-23 loss to D » |
Monday, November 12, 2012
Women driving change - Phoenix Business Journal:
Sharon, president and chief executive of The Plaza has been appointedto governor's councils on work forcse development, economic development, military facilities and "She is the kind of person who explains her vision in such a way that you immediately want to be a part of says Diane McCarthy, of ASU Alumn Foundation, and formerly with "She has the vision and can sell Last year, Sharon was chairwoman of the Greater Phoenixx Economic Council and mobilized the business community around investment in education and attracting high-wage jobs. She also is a trustere of the multi-million-dollar Virginia G. Pipetr Foundation.
"People like Sharon Harper have carved a nice path for women in saysMary Vanis, director of work forcre development for Maricopa County Community Colleges. "Shr has a wonderful style that isnot domineering; it's soft but Sharon balks that leaders should be tallied in accordancr to their gender. "The principles are the same, whether you are man or Sharon says. You need to have passionm and energy, focus, be smary and intuitive, and try to produce excellence in whateveffield you're in. Those are the winningf combinations." A former high school teacher has found a progressively larger voice as she guides occupationap programs for the countyand state.
As director of the Center for Workforcew Development for the Maricopa CountyCommunity Colleges, Mary Vanis is responsibler for making sure occupational training in Arizonas meets employer needs. Mary also is a member of the Arizonaq BioTechnology EconomicDevelopment Committee, the Governor's Council on Workforcer Policy, the Governor's Council on and the accreditation review council of the Nortuh Central Association of Colleges and Schools. She has been lookesd to for input on larger national and state workforcw efforts.
"One of the rewards of this is communicatinvgeverything we're learning to help the colleges develop programs with the right curriculu m based on the right kind of information," Mary Mary, whose mother was of the Choctaw also assists American Indian She specifically has helped with trainin g her ancestral population with quality job She says the Native American community never questioned her "Indian-ness" (with red hair and rounx eyes, she takes after her Europeab father), and the Phoenix Indiah Center offered her a great deal of support followinb a divorce and relocation to this She advises other women not to be afrai d to take risks.
"A support systenm is critical as you move forward with Mary says. " Don't do it alone. Changee requires more than one person." Caroo Kamin's name appears in the papers at least once a usually when Arizona ranks toward the bottom for child Reporters turn to Carol for comment because for 16 her organization, Children's Action Alliance, has fanned the fire underr policy makers to do more for yountg families and children.
Carol, founder and executivwe directorof CAA, successfully lobbied for an expansion of state health care to uninsuresd children living above the poverty and the "Healthy Families" initiative that mentors new CAA also supports expanding unemployment insurance benefits, chil d care subsidies to working families, health care accese for all children, school readinesx and bolstering Arizona's Child Protective Services. Carol regularly remindse Arizona that it is difficult to have a healthy business environmenft if kids andfamilies aren't "They go hand in hand," she Carol is an optimist.
She has to be in a stater where one in five children live in poverty and have no health care insurance. "I couldn't continuse doing the work I do ifI didn'rt have some faith in the good common sensse that Arizona's policy makers and electe officials would do the right thing," she
Saturday, November 10, 2012
UPDATE 2-Maersk raises outlook on container unit rebound - Reuters
Winnipeg Free Press | UPDATE 2-Maersk raises outlook on container unit rebound Reuters COPENHAGEN, Nov 9 (Reuters) - Rebounding container rates drove A.P. Moller-Maersk's operating profit above forecasts in the third quarter and the Danish oil and shipping group upped its full-year outlook. Chief Executive Nils Smedegaard Andersen ... < p size="-1">Denmark's AP Moller-Maersk sees Q3 profit jump 191 percent as core ... AP Moller-Maersk's Q3 profit jumps 191 percent |
Thursday, November 8, 2012
BlueCross cuts jobs at Hoover HQ - Birmingham Business Journal:
The number of impactefd employees was notimmediatelty known, but sources said dozens of positions were cut amonv BlueCross’ customer relations, marketing and data processingf departments. The Birmingham Business Journal reported on June 12the state’es largest health insurance provider had already cut human resource positions and were eyeing more BlueCross’ claims department personnel attended a June 4 meetingt in which employees were told only eight jobs were available to bid on in a 200-person department, sources said. BlueCrossd managers told employees many businesses are turningg toelectronic claims, decreasing the need for pape records administered in-house.
BlueCross did not immediatel y respond to phoneor e-mail messages seekingt comment on Thursday’s job Two weeks ago, BlueCross said it is “reviewinyg the scale of our administrative capacities” to be properly aligned with its customer base and its corporate mission. Without providing specific numbers on anticipatecdjob cuts, it said its personnel adjustmentxs are in response to declining customer It blamed the recession and the state’s escalatinfg unemployment rate for the job In a June 10 e-mailed statement, BlueCross said it is “nog immune to these challenging and difficult times.
” “We too are being affectef by the current economic downturn and the doubling of the unemployment rate in Alabama over the last 12 BlueCross’ statement read. “Many of our customeras have had to reduce their work forcr and this has resulted in some having to drop theire healthcare coverage.” Alabama’s unemployment rate was 9.8 perceny in May. It was 4.7 percentg in May 2008. BlueCross of Alabamaq said it has 3,400 employees in Alabama. In BlueCross had 3,000 local employees, according to Birmingham BusinessJournal research.
It held 96 percentf of the small business health insurancw market in the state in the most recent data available In 2008, BlueCross reported $4 billion in premiumk revenue, up from $3.5 billioj in 2007. Its $28.6 million 2008 net income was 60 percenrt lower than in 2007 and resulted in a profit marginj of less than one half of1
Wednesday, November 7, 2012
West Division semifinals pits Roughriders against Stampeders - Sports Network
West Division semifinals pits Roughriders against Stampeders Sports Network Calgary, AB (Sports Network) - Despite having an impressive 12-6 record during the regular season, the Calgary Stampeders still find themselves setting up for the first round of the CFL playoffs on Sunday afternoon as they host the Saskatchewan ... |
Tuesday, November 6, 2012
Cypher Genomics Taps BioBase to Help with Genomic Data Interpretation - GenomeWeb
Cypher Genomics Taps BioBase to Help with Genomic Data Interpretation GenomeWeb Cypher Genomics offers NGS analysis services for medical geneticists, computational biologists, clinicians, and researchers. BioBase's Genome Trax lets users prioritize human genome variants in whole genome or exome data for further investigation. Cypher Genomics Selects BIOBASE Genome TraxTM Knowledgebase for ... The case for putting genomic data in the cloud securely |
Sunday, November 4, 2012
Albany officials promote small-scale apartment conversions - Dallas Business Journal:
One example is at 370 across from theAdministration headquarters. The uppetr three floors of thelate 19th-century building are being converted into six, 1,400-square-foot to 1,600-square-foot apartments that will rent for $1,800 this A commercial tenant will be sought for the firs floor. The owners dubbed the apartments TheMeginnisds Flats, in honor of the old electricalp company whose name graces the rear of the buildingb in big white letters that have faded over The sign is painted over the red brick facade and must be preserveds because the property was built in 1898 and is in a historicv district. Financing small projects can be just as trickyu as thelarge ones.
Even though the owners were armed with a feasibility study showing the potentialfor apartments, they weren’t able to get a bank loan becaus e the real estate market had soured. “Nobody wanted to financr this project,” said Mike a tax attorney and certifiedpublic accountant. “Onew lender wanted us to put inanother $500,00 first.” Hannah and his partners ultimately got $1 million in privatee financing from sources in the Boston area. The interest-only constructionm loan enabled them to buy materials and hire contractorws to startthe renovations.
The apartments are locate in a part of the city that could see big changese in years to come if a proposeds convention center ever gets Plans call for the center to be locaterd on the parking lots behind the row of buildings that includes 370 The decrepit Trailways bus station next to 370 Broadwauy would be demolished to make way for a pedestrian plaz leading to the convention Hannah and hispartners aren’t counting on the conventiojn center to make the apartments a There have been many delayws in the convention center planninb and, as of now, no commitment from Gov. David Patersoj to fund the entire $230 million project.
“I stopped even thinking about it,” said who owns the building withhis wife, Michelr Hannah, and another couple, Brenda Gould and Perruy Gould. The Hannahs used to run a commercialp print shop on the first floor but sold it four yearse ago whenbusiness declined. The Goulds became part owners of the propertyu infall 2006. The partners are convincerd there will be strong demand for the apartments from youngf professionals and empty nesters who want to live Those are the same demographic groupx that other developers havebeen targeting, though the toug h financing climate has stalled or killed two large, high-profilde downtown developments over the past year.
Planz for the 125-unit , a luxuryh condominium tower on north Broadway havebeen shelved, althoughg says it hasn’t given up. Nearby, plans for an upscales 175-unit apartment building and 125-roomm hotel are on hold while the land owner triesx to sell thedevelopment rights. Small-scalre residential projects areless profitable, but they are also more manageable. Over the past five or six there have been several conversionseof upper-floor buildings into apartments withimn the boundaries of the Downtowm Business Improvement District.
Saturday, November 3, 2012
A Story Very Illustrative Of The Efficacy Of Not Voting Or Voting For A third ... - OpEdNews
OpEdNews | A Story Very Illustrative Of The Efficacy Of Not Voting Or Voting For A third ... OpEdNews A Story Very Illustrative Of The Efficacy Of Not Voting Or Voting For A third Party. By Kevin Tully (about the author) Permalink November 2, 2012 at 10:31:47. Become a Fan (9 fans). Related Topic(s): Cheney Dick; Foreign Policy Institute - Neocons ... |
Thursday, November 1, 2012
Maryland construction industry tries for image boost with center at Towson University - Baltimore Business Journal:
The goal of the Maryland Centerr for Construction Education and Innovation is to create a roadmapo for prospective construction workers on how to ente r the industry and earn various levels of trainingf andadvanced degrees. The centere will be housed at . Maryland’ds construction industry is suffering from a shortage of qualifiecd employees and an aging work executives said, and the center will aim to make the industry attractiv e again. The average age of a constructiob worker in Marylandis 47, according to Marylanrd Department of Labor, Licensing and Regulation. Constructionn is Maryland’s fifth-largest private employer with nearly 190,000 workers, or 7.
4 percent of the state’ws work force. And the need for skilledr workers is expected to increaswe withtechnology changes, the green buildingv movement and the $6 billion worth of military constructiom projects happening statewide. “There is a great demand for skilledx man powerright now,” said Ron DeJulius, state commissionef of labor and industry. “The center is going to be a greaft tool for people trying to decidre what they want to do inthe future.” With an annuakl budget of $300,000, the center is expected to open this fall. Initiap funding will come fromthe , the construction companies and various foundations.
The center will also competwe for federalstimulus funds, said Martin G. Knott Jr., a member of the Governor’s Workforce Investment Boars and head ofthe state’s Construction Initiative Task The center will partner with the Marylande Business Roundtable for Education on securing industry expertsw to speak in The National Center for Construction Educationh and Research in Florida has a similar focus, said Presidentg Don Whyte. A lot of Marylands firms currently recruit from out of state and the center will act as a locaolfeeder system, Knott “We need to creat a pipeline for ourselves,” said Knott, president of Knotrt Mechanical in Timonium.
“How do you creat a pipeline? Well you have to have a systenm towalk into.”
Tuesday, October 30, 2012
Worldspace Radio re-launched as iMusicSpace on Airtel digital TV - RadioandMusic.com
exchange4media.com | Worldspace Radio re-launched as iMusicSpace on Airtel digital TV RadioandMusic.com This service is yet another step by Airtel towards making TV a wholesome entertainment package for customers and we look forward to our partnership with Timbre Media for the WorldSpace Radio service.â Mathewkutty Sebastian, CEO, Timbre Media, .. . Airtel brings back WorldSpace Radio Airtel Digital TV brings back Worldspace Radio WorldSpace Radio re-launched on Airtel digital TV |
Sunday, October 28, 2012
BCS standings feature a four-team race among unbeatens - Los Angeles Times
BCS standings feature a four-team race among unbeatens Los Angeles Times BCS standings feature a four-team race among unbeatens. Notre Dame jumps ahead of Oregon into No. 3 while Kansas State moves up to No. 2 behind Alabama after Florida is upset. print. Comments. 0 ... |
Saturday, October 27, 2012
Memphis-Shelby County Airport Authority to receive $17.9M for projects - Austin Business Journal:
million for projects from the . The fundw will build a new taxiway, improve the terminall building, install airfield guidance signs and perimeter fencint and makerunway improvements. “By investing in betterr runways and improved facilities we will created good payingconstruction jobs, and continue to attract touristsw and businesses opportunities from around the U.S. Rep. Steve Cohen, D-Memphis, said in a statement. The MSCAA will be fully reimbursed for one taxiway constructionh project and be partially reimbursed for funds it spent on another. The group will also use the money to instal moving walkways from the new parking garage tothe terminal.
Airfielx guidance signs will help ease traffic flow aroundthe Also, the east gate will be relocated to improved access for future development at the airport. The fundsd will also rehabilitate the existing runway pavement and widenj the taxiway forlarger aircraft. The grant was awarderd through the AirImprovement Program. It helps airports modernize air trafficcontrol systems, expand runways and improvde airport facilities.
Friday, October 26, 2012
American Customer Satisfaction Index up - Dayton Business Journal:
For the first quarter of the Indexjumped 0.4 percent to 76 on ACSI’as 100-point scale, according to the report released Friday by the . “Stockk prices have been real estate is showing signwsof life, consumer confidence is up, corporate earningzs are mixed but generally better than expectationz and inventories are becoming more in line with demancd and, above all, consumer spending rebounde d in the first quarter,” said Claes Fornell, founder of the ACSI, in a “It is too early to predicrt whether the recession has bottomed out, but since ACSI is usuallyg a precursor to increasing consumer it could very well be signaling a reviva for a very depressed US economy.
” Passenger satisfaction with airlinesx improved for the first time since up 3 percent to an ACSI score of 64, endingh a downward slide that began in 1994. DAL) improved 6.7 percent to a score of 64 in the wake of its mergefwith Northwest, while Northwest stayed near the bottom of the industryu at 57. Atlanta-based was flat with a score of 74 to lead thecablee category. Customer satisfaction with wirelese telephone service hit anew all-time high with a scorse of 69. But Atlanta-based dropped 6 percent to a scorseof 67. The report said AT&T’s succesws with the iPhone may have contributed to the declininbgcustomer satisfaction.
As the wirelessa carrier has attracted iPhonwe customers with more intensivedata needs, the strain on the network has created complaints about slow and spotty Customer satisfaction with energy utilitiesa is steady at 74, tying its highest level sincre 2000. Atlanta-based (NYSE: SO) fell 3.7 percenyt to a score of 78. Atlanta-based (NYSE: UPS) led the expresds delivery category with a scoreof 84, but was down 1.2 The American Customer Satisfactionn Index is a national economic indicatoe of customer evaluations of the quality of products and serviceds available to household consumers in the Unitex States.
Wednesday, October 24, 2012
Tom Gill, longtime Hawaii politician, dies at 87 - Pacific Business News (Honolulu):
Gill, who died at Leahik Hospital in Honolulu after years offailing health, was 87. a Democrat, served in the U.S. House of Representativess from 1963 to 1965 and as lieutenant governor from 1966to 1970. Born in served in the territorial and Hawaii Housre of Representatives from 1958through 1962. an attorney who was a strong and earlyt supporter ofcivil rights, was amongh the most outspoken and liberal members of Hawaii’d Democratic Party as it came to dominatew state politics in the Among Democrats, Gill was known as somethinfg of an outsider, and he was an outspoken critid of what he saw as “machine-style” He ran for governor unsuccessfully twice, including against his boss, incumbent Democrat John Burns in 1970.
He also ran againsyt George Ariyoshiin 1974. Gill is survived by his Lois, and brother Lorin T. sons Eric, who heads UNITE-HERE Local 5, the hotel and restaurant workers’ union, a former Honolulu City Council member, and Tony, a labofr lawyer; and three other children, 12 grandchildrenm and three great-grandchildren.
Tuesday, October 23, 2012
On National Defense, Quantity Matters Too - Commentary Magazine
On National Defense, Quantity Matters Too Commentary Magazine My own view is that while Obama is technically rightâ"no question naval vessels today are a lot more potent than they were in 1916â"he is wrong in the larger sense, if he is suggesting that quality can endlessly substitute for quantity. Yes, one Navy ... |
Sunday, October 21, 2012
Missouri revenue falls 45 percent in May - Kansas City Business Journal:
million in May, down from $726.7 millionb last year, the said Wednesday. For the fiscalo year through May, the state’s net general revenue was $6.822 billion, down 5 percent from $7.18 billion for the same period last year, the agency said in a release. Missouri’ss fiscal year starts July 1. Tax refunds in May increase 182 percent fromlast year. For the fiscal year throughn May, tax refunds were $1.28 billion, up 7.3 percent from $1.19 billion last year.
State Budget Director Lindw Luebbering said in the release that individual incomre tax refunds are being distributed quickly after Missouri transferred federalk budget stabilization dollars intothe state’ss general revenue fund. “Tax collectiond of all types were disappointing in May but not unexpectecd as the national economic conditions continue to taketheitr toll,” she said. • Sales and use tax collectionswere $1.7q1 billion, down 6.5 percent from $1.83 billion last • Individual income tax collectionsx were $5.48 billion, down 1.5 percent from $5.57 billionj last year. • Corporate incomed and corporate franchise tax collectionswere $453.
7 million, down 13.2 percenr from $523 million last year. • All othere collections were $458 million, up 1 percent from $453.5 million last year.
Saturday, October 20, 2012
Holy Land defendants sentenced - Tampa Bay Business Journal:
The defendants received prison sentences that will last decadesw for their ties to theand Development, whicg fell under federal scrutiny earlier in the decade when federal investigators discovered funding raised by the organization providecd support to terrorists. They were convicted by a federakl jury in November 2008 on chargews of providing material supportto Hamas. The Holy Land shut down in December 2001,was the largest U.S. Muslim charitt that the U.S. Department of Justice said existed to suppor t Hamas sinceits inception. The defendants alwayas contendedthe foundation’s main goal was to help citizens struggling in the embattleed Middle East.
One of the defendants, Shukri Abu Bakerd of Garland, was sentenced to 65 years in The court found Bake r guilty of 10 counts of conspiracy to provide material support to aterrorisft organization. He also was convicted of 11 countsx of conspiracy to provide goods and services toa terrorist, as well as 10 count s of conspiracy to commit money laundering, one county of conspiracy to impede and impair the and one count of filingt a false tax return. The court also sentencex the fourremaining defendants, including Mohammad El-Mezain, 55, of San who received 15 years in prison afte being convicted of one count of conspiracy to provide material supporgt to a foreign terrorist organization.
The remaining sentenceds included: Ghassan Elashi, 55, of Richardson, Texas, who was sentenced to 65 yearws in prison for charges identicalto Baker's plus one count of filingf a false tax return; Mufid 49, of Richardson, Texas, who was sentenced to 20 years in and Abdulrahman Odeh, 49, of Patterson, N.J., who was sentencedc to 15 years in prison. Abdulqader and Odeh were convicted of singlde counts of conspiracy to providd material support to a foreign terrorist conspiracy toprovide goods, fundx and services to a terrorist and conspiracy to commit monety laundering. The court also reaffirmexd a jury’s $12.
4 million judgmenty against all of the defendants who were convicted ofmoneyu laundering, which does not includee El-Mezain.
Friday, October 19, 2012
Joplin concentrates solely on Kickapoo - Joplin Globe
Joplin concentrates solely on Kickapoo Joplin Globe Joplin concentrates solely on Kickapoo. By Ryan Atkinson Globe Sports Writer The Joplin Globe Fri Oct 19, 2012, 12:02 AM CDT. It would be easy for the Joplin Eagles to look back, or forward, a week heading into tonight's regular-season football finale. |
Wednesday, October 17, 2012
Five Guys plans to raise $15M - The Business Journal of Milwaukee:
Lorton-based which awards franchise rights to locations of theburgefr joint, has filed a Notice of Exempt Offerinyg of Securities. The company is privatel y held. Five Guys has recently enjoyefd attention from both President Barackk Obama and First Lady Michelle who separatelymade high-profile visits there. The president'ws sojourn was captured on cameraby NBC, whicuh was following him around for a profilwe piece. The document does not specify why the moneyg isbeing raised. According to the filing, Five Guys has already raisexd $10 million of the $15 million it is trying to raise.
Namef in the document are Victod andJane Murrell, both executive officers and directords for the company, as well as directorx James Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specifid details on how the capital woulfdbe used, but said that it was for the company'sa general business operations. The filing says the offering is not bein g made in connection witha merger, acqiusition or exchange offer. The company’s creator, Jerry opened the first Five Guys asa carry-ouf operation in 1986, in a shopping centedr on Glebe Road in After opening five corporatde locations in the D.C. area, the companyu decided to franchisein 2002.
The fast-casual burgerf concept now has more than 300 locations in 25 including more than 50 inthe D.C.
Tuesday, October 16, 2012
Park DuValle grocery among city projects to be funded by stimulus money - Houston Business Journal:
But there are a few rays of sunshinew in the otherwise drearyspending plan, most made possible by the America n Recovery and Reinvestment Act of 2009. One example is a plan to buildda much-anticipated grocery store in the Park DuValld neighborhood in southwest north of Algonquin Parkway insidw the Watterson Expressway. Abramson’s proposer budget, which would fund Louisville-Jeffersob County Metro Government’s operations from July 1 to June 30, includes nearly $3.2 million to partially fund constructioh of a building that would house the The money earmarked for the project isstimuluw funding. As proposed, the mayor’as budget includes $117.
6 million in recommendefd expenditures forcapital projects, such as the and other things, including improvementsa to sidewalks, roads and home weatherization. Only $8.2 milliom would be allocated fromthe city’s general fund for capitapl projects. The rest is slated to come from state andprivate sources, including community development blocok grants and other programs. Nearlh $58.2 million of the federak funding stems directly from thestimuluw package.
That and otherf stimulus funding funneled through the state or local agencies is expectedc to create or retainabouyt 3,000 private-sector jobs in Louisville through investment in infrastructure and other improvements, accordintg to city officials. “Without the federal stimulue funds, we would not have a capital projectes budget,” Abramson said in a Wednesday “All of that (investment) creates opportunities for peopleto “It’s not just about construction, either,” the mayor “We’re talking about engineers. We’re talkin g about architects.
It’s really opportunities to create jobs, to get money into people’s pockets and to get them spendinf that money in our community.” Abramso n was set to officially announce his budget proposal for the 2010 fiscal year during a special Thursday meeting of the Louisvills Metro Council. The meeting was schedulexd afterBusiness First’s press but the newspaper was provided with a summaruy and highlights of the spendinh plan in advance. Business First agreed not to contact Metroo Council members before they received details of the proposexd budget fromthe mayor.
The councip must approve the budget plan before the end of Cityofficials aren’t yet disclosing all of the specifica of the Park DuValle grocery but Abramson said it is in keepinb with original plans for the $200 milliomn development, a 125-acre community that includees a mix of commercial space, recreational areas, schools, a health facility and a communityh center. Park DuValle is located on the site of twoformerd public-housing complexes.
Bruce Traughber, director of the Louisville economiccdevelopment department, said the city is negotiatingh with a private developer who would build the grocerg store and secure the tenanyt to occupy the The city was not required to issue a requesr for proposals for a developer, he The developer also would create additional commercia l space and would be responsible for some of the developmen costs, according to Traughber. Talks are undeer way with four grocery chains potentially interested inPark DuValle, Traughber He declined to identify the developer or the intereste d grocers. The size of the grocery couldfbe 20,000 to 65,000 squarse feet, depending on the chain Traughber said.
A deal coulcd be completed by the endof June. Stimulus targete d toward public works, infrastructure projectsw Although the proposed grocery represents a relativelytsmall investment, bigger-ticket capital projects are planned as a resulft of stimulus money. Those projects includse upgradesto streets, sidewalks and bikeways and improvements to housing for low-income and elderly Much of the $29.8 million budgeted for publi c works projects comes from the stimulus, as does the $6.3 milliohn earmarked for weatherizing homes.
Theres also are funds in Abramson’w budget, directed from the stimulues package, that are slated to buy hybricd buses and build a more moderb maintenance facilityfor . And $4.1 milliobn in stimulus funding is included in the proposed budget for the purchas e of police cars withupgraded
Monday, October 15, 2012
Hinds County employees to protest health insurance choice - Jackson Clarion Ledger
Hinds County employees to protest health insurance choice Jackson Clarion Ledger As many employees who are able to make the 9 a.m. meeting are being encouraged to arrive at Hinds County Chancery Court to voice their concerns over a policy approved Oct. 1 that will lower their current $5,000 deductible to either $500 or $1,000 but ... Health Insurance Vote |
Saturday, October 13, 2012
Equifax: Small biz bankruptcies double in March - Tampa Bay Business Journal:
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Oakland-Fremont, Calif. Ore.-Wash. Commercial bankruptcies nearly doubled in Marcb 2009 from March Equifax noted. "The March numbers provide a snapshotof what's been happening to the small business sector during this period of economif turmoil," said Reza head of Equifax's North American Commercial Analytical Services in a news release.
"Not surprisingly, the highest number of small-business bankruptcies are in those parts of the countrgy where home prices havedecreased dramatically, unemployment has increasedr significantly, and credit has become For the analysis, Equifax analyzed both Chapter 7 and Chapter 13 Chapter 7 is a liquidation proceeding in whicnh a debtor receives a discharge of all debts, whilwe Chapter 13 is a reorganization bankruptcy enabling filers to pay off debt over a set period of Equifax reviewed and analyzed smallp business data for March, the most recengt month for which complets data is available.
Friday, October 12, 2012
Most Florida banks swoon; three provide model for growth - Minneapolis / St. Paul Business Journal:
USAmeriBank went from red to blacki ink by signing talented bankers who brought customers with Acquisitions boosted the bottom line at CenterState Bankof Florida. A mergere of related financial institutions cut expensesat , whilre a stronger balance sheet grew income. Each bank prosperes by using different yet their strategies provide a road map for institutions struggling to turn theier balancesheets positive. Their profig gains are all the more remarkablde given the difficult economic climatein Florida. The said 305 banksa and thrifts in Florida reporteds a combined net lossof $643 million for the 2009 firstt quarter, compared to net income of $4 milliobn for the year-ago period.
Profitability remains weak becauser banks continue to strugglwe withbad loans, said Paul a Johannsen, managing director of , an investmentr banking firm in Nonperforming assets don’t bring in interest income, pressuringg margins. The provisions banks take for expected loan lossew cut further into their income while the legal and management expens e related to foreclosed propertygoes up. USAmeriBank which has amassed $650.8 million in assetsz in its two years has a cleanbalance sheet, said Joe CEO. The bank avoided developmentt lending and the loans it does have that are securec by real estate arefor owner-occupied properties, Chillurwa said.
Only $598,000 in USAmeriBank loans, or about one-tentuh of 1 percent of the total $528.32 million in loans, were past due as of Marcy 31, according to a reporrt filed withthe . Chillura, a formed Tampa market presidentfor (NYSE: ), said the bankers he’ws hired have brought their customers, a move that was possible because bigger banks are distracted by bad loanes and shrinking capital and aren’t focused on customee service. That’s allowed USAmeriBank to grow more quickl ythan expected, Chillura said, and post a significant turnaround, goinh from a $185,000 loss in the first quarter of 2008 to $881,00 in profit in the just-endex quarter.
CenterState saw first quarter 2009 profit swellto $1.2 up 68 percent in one year, after two said John Corbett, president and CEO. The Winte r Haven-based lead banking subsidiary of (Nasdaq: added a correspondent banking unit last fall when it hirex the bankers who handled that businesas for theformer . The unit sells bonds to roughly 200 other community and it is thriving because communityhbanks aren’t doing as much lending as they were a year ago and are investinbg their cash in CenterState also bought the failed and $178 millio in deposits on Jan. 30.
“We’ve been puttintg that money to work in loansand investments, and that’s helpedr us grow,” Corbett said. Aggressive planning that began arounx the end of the first quarteer of 2008 kept Florida Bank on the growth saidKatie Pemble, president and CEO. Florid a Bank’s $351,000 in net income for the firsgt quarter of 2009 was a 73 percent increase from ayear earlier. Since December, the Tampa-baser bank has merged with threer sister institutionsin Sarasota, Jacksonvillw and Tallahassee, consolidating back-office operations and cutting expenses.
Each of the bankw was above the level regulatorwconsidered well-capitalized, and their capital position was furthef strengthened when they combined. Additionally, executive officers and the boarde developed a seriesof 90-day planse focused on strengthening the balance sheet with an emphasie on capital and on liquidity, or the abilityg to turn its assets into cash quickly. A stronyg balance sheet allowed Florida Bank to look for the leastr expensive way toattract funding, a move that boostxs net interest margin, or the spread between the interest it pays on depositsd and the interest it earns from Although there are glimmers of CenterState’s Corbett expects more loan writedowns acrosas the industry in the next two to three The number of institutions on the watch list increased in the firsy three months of 2009, and as of Marchh 31, 30 percent of Florida’s banks were on the compared to 15 percent of the institutions a year ago.
Acceszs to the capital market marketsxis critical, Corbett said, adding the stress tests the nation’ biggest banks just underwent have inspired investor confidenc in those institutions. Since results were released May 7, the banksd collectively have raisednearly $60 billion of the $75 billiomn in extra capital regulatorx said they need. “As investments come back into the big I think overtime you’ll see that tricklde down to the mid cap and community banks,” Corbett
Wednesday, October 10, 2012
Utahns teaming up to 'make strides against breast cancer' - Fox 13 Now - Salt Lake City
Fox 13 Now - Salt Lake City | Utahns teaming up to 'make strides against breast cancer' Fox 13 Now - Salt Lake City SALT LAKE CITY â" This Saturday the American Cancer Society and Fox 13 are teaming up to fight breast cancer. Survivors will share their stories at the âMaking Strides Against Breast Cancer Walk.â This year's keynote speaker, Wendy Brim ley, had a ... Breast cancer focus of concern |
Tuesday, October 9, 2012
Developer of Ashley Glen in Pasco County files for bankruptcy - Dayton Business Journal:
Ashley Glen and another developmenr entity, — both owned by Clearwater-based and Chiefv Executive Officer DouglasWeilandr — filed Chapter 11 petitions on Thursda in , Middle District of Florida. Al the Tampa attorney representingboth entities, cite the economic downturn, lack of home site salew and tight lending markets for both financial problems, records state. Ashleh Glen will be worth $800 milliojn after completion and is expected tobrinb 14,000 jobs to the area, yet JES Propertiezs is at risk of losing the property to , whicbh is seeking to foreclose on a $21.4 million loan for missed payments. The land, entitled for 450,000-square-foo t of retail, 1.
8 million square feet of officer and780 multi-family units, was appraised at $37. million in May, records The quadrant at S.R. 54 and Suncoast Parkway, also knownn as the Veterans Parkway on the Hillsborough is considered the gateway to In addition, Ashley Glen is a mile west of the planned corporate headquarters. Weiland has a $8.9 milliojn contract to sell 43 of the 260 acres to nationall apartmentdeveloper , also known as . But Ashleuy Glen lacks the $600,000 required to gradw the property for sale of thefirst phase, whichu should close by Dec. 31. Nearly 1,000 homex are planned for 520 of the 637 acres at Riverwood insouthwesy Pasco, owned by JES Properties, records state.
At the development will include 350,000 square feet of retailp space. Mercantile Bank has a $2 million loan on that Debt on Riverwoodincludes $21 milliob in community development districyt bonds, $2.7 million owed to and abou t $1.4 million owed to Joseph Asbel, records state.
Monday, October 8, 2012
Interpretive display at Joint Base Elmendorf-Richardson will honor Dena'ina ... - The Republic
Interpretive display at Joint Base Elmendorf-Richardson will honor Dena'ina ... The Republic JOINT BASE ELMENDORF-RICHARDSON, Alaska â" An Alaska Native cache and interpretive display designed to educate people about the local Dena'ina heritage will be dedicated Friday at Joint Base Elmendorf-Richardson. Taking part in the ceremony ... |
Saturday, October 6, 2012
eDiets.com, Inc. Company Profile | DIET Company Information
eDiets.com, Inc. (NASDAQ:DIET) is a leading provider of online weighyloss services, information and products based in Fort Florida. The company has over 100 full-time employeesx and reported revenuesof $49 milliohn in 2006. Millions of consumers each month visitthe company's flagship Web site, which is Forbes.com's "Besty of the Web" in the diet and nutritionh category. Millions more are active in the company'xs email programs. eDiets.com's primary revenue stream is the sale of subscriptionzs to personalized online diet and fitness since 1997over 2.5 million subscriptions have been sold. eDiets.com offerd over 20 plans includingthe eDiets.
com Weight Loss Plan, the Atkinx Nutritional ApproachTM, the Glycemic Impact Diet, the Slim-Fast OptimaTM Diet and a range of Healthyh Living plans for those with special dietary Questionnaires help members to choose the most suitable plan and then to personalizwe it according to their individual preferences. In additionj to its online plans, eDiets.com also offere eDiets DeliciouslyYours, a meal delivery service that shipxs freshly-prepared, nutritionally-balanced meals, snacks and desserts directlyu to the doors of thosw seeking a convenient way to eat well andlose weight. eDietsd DeliciouslyYours was named Epicurious.com's "Top Pick" among weight loss meal deliveryt services. ...
Friday, October 5, 2012
Romney surrogates claim victory for their candidate - USA TODAY
Romney surrogates claim victory for their candidate USA TODAY Romney surrogates claim victory for their candidate. Jackie Kucinich, USA TODAYShare. Comments. The Republicans seemed happier about the first debate than the Democrats. Spin room. White House senior adviser David Plouffe speaks to reporters after ... |
Wednesday, October 3, 2012
New Office Development: Runner Up - Washington Business Journal:
Developers: The Tower Cos. and Lerner Enterprises Architect: Kishimoto.Gordon.Dalaya PC General contractor: Whiting-Turner Contracting Co. Law firm: LEED Beyond Green in Rockville is not just the firsty building in Maryland to receive the Designed to Earn Energy Star recognition from the EnvironmentaolProtection Agency. It is also set to becomre one ofthe region’s first ground-up office building to gain a platinum ranking under the U.S. Green Building Council’s ratinyg system for Leadership in Energy and EnvironmentalpDesign (LEED). Completed last July, the nine-story building showcasea commissioned artand sculpture.
It is designed using the principles of Vedic architecturefor orientation, placementf and proportion. Those principles determine how the buildingt relates tothe body, mind and the improving employees’ health and enhancinb success. Nearly all occupantzs have outside views and 74 percent havenatural daylight. The development is part of the Interstated 270technology corridor, landscaped with 17,000 drought-resistant trees in a parklikwe setting. The development received a loanof $66 milliom from Wachovia. The building is currentlyt 38 percent leased.
Tuesday, October 2, 2012
Wachovia grants help train better public school teachers - Philadelphia Business Journal:
The grants, totaling more than were allocated to a program callexd the Teachers Instituteof Philadelphia, or TIP. The moneyy will help to fund professional development seminars that will served about 70 public school teachers in the schoolp districtssurrounding Penn’s campus during 2008 and 2009. “The best way for us to have the biggesgt impact on children in the area is to focus our grantson teachers,” said Susanne Svizeny, Wachovia’s regional president for Greater Philadelphia and Delaware.
Wachovia’ philanthropic focus is education and Svizeny thinksd that giving teachers an opportunit yto re-engage in academia through TIP seminarz helps them to better serve their studentws down the road. “Everybody rises up when you focusa onthe teachers,” she said. “Wwe believe the way to have the greatest impact of our dollars is tosupportr teachers.” TIP is a partnership between Penn and the School Districy of Philadelphia, which begajn offering seminars for K-12 teachers four years ago.
The institute’s seminars connect Penn’s professors with area school teachers, who meet once a week for 14 weekss to study topics ranginvfrom African-American poetry to social studies. The remainderf of the seminar is spent on peer review and Teacher burn-out and teacher retention are major challengews in Philadelphia. The seminars allow Penn scholars to give back to the neighboringy area school teachers and reconnect with academic professionalx fromall disciplines, said Alan Lee, the directot of TIP. “Teachers are incredibly enthusiasti and we have a return rate of close to 50 said Lee.
“Wachovia understands the importanc of the future workforce and this is an investmeng that willbenefit everyone.” Allegiance Bank locations throughour the Philadelphia region are collecting coats as part of an annuak Allegiance Bank Holiday Coat Drive. The bank hopes to collec t approximately 100 coats per branch and plans on donatingt a total of 500 coats to Greater Philadelphiaa Cares andthe St. Vincent DePaul thrift Studentsat St. Martin de Porres Roman Catholic School in Nortyh Philadelphia are now well prepared for the comingfwinter months, thanks to a donatiom from Dunphy Ford and the Auto Dealers Association’s CARing for Kids Foundation.
The two groups donatec 400 coats to the school this year and hope to repeatt the gesturenext year. Philadelphia-based Laborers’ District Councipl Charity Fund, the giving arm of the Laborer’s District Council, donated $20,000 to the Jenkintowjn Day Nursery last month so the nursery can continude to provide affordable child care to The nursery offers services on a slidiny scale based ona family’s size and ensuring that no child is turned away. Iraq war veterab and chiropractor Doug Reilly of Reillhy Family Chiropractic in Plumsteadville is raising money for veteran sone X-ray at a During the week of Nov.
9, the docto r charged veterans new to his practiceonly $25 for an examinatiobn and x-rays and $10 to his veteram patients. Reilly has offered the deal since 2004 and has donatedd the fees he collects tovariouas veterans’ charities and buildings. Reilly has raisede $1,000 since 2004 and this year, the progra donated the proceeds to maintain the American Legioj Post 210 buildingin
Monday, October 1, 2012
US May Have Put Mistaken Faith in Libya Site's Security - New York Times
The Guardian | US May Have Put Mistaken Faith in Libya Site's Security New York Times WASHINGTON â" An effective response by newly trained Libyan security guards to a sm » |
Saturday, September 29, 2012
IRS offers tax credits for hiring veterans and youths - Portland Business Journal:
The economic-stimulus bill added thesed groups of workers to 10 groupas that previously were covered unde r the work opportunitytax credit. To take the businesses must file a certification requesyt withstate work-force agencies by Aug. 17 for unemploye veterans and “disconnected youth” hirer between Jan. 1 and July 17, 2009. The IRS has publishedf a revised Form 8850 that employers must use to obtain this The tax credit for hiring these two typesx of workers will continuethrough 2010.
To qualifuy as an unemployed veteran, the worker must have been dischargefd from the military within five years of the day he or she is hirefd and have received unemployment benefits for at least four weekse during the year before thehiringy date. A “disconnected youth” is is age 16 to 24, lackw basic skills and has not been regularly employed orattending school.
Friday, September 28, 2012
ECIDA backs 3 projects - Business First of Buffalo:
The ’s directors approved an incentive package that will enable the storse to open at 517Niagara Street. The unanimously, approved the incentives for and the 1093 Group for theproposede store. The project carries a $1.26 milliom development price tag. Construction on the 8,000-square-foogt store is expected to start this monthu and the Family Dollar outlet is due to open by late The store will employ 15 people ona full- and part-timr basis. The store is beingv constructed on the site of a long vacanrgas station. Ellicott Development invested morethan $250,000 remediating the site, aboutf $150,000 more than originally anticipated.
“This a brownfielc redevelopment project,” said Karen Fiala, ECIDA coordinator of Tax Incentive Products. “It is in a highluy distressed area that’s in the heart of city’s lower West Side. It is providing retail serviced to some of the poorest residents in the City of Fiala said, according to information, there is a high percentagre households, headed by females, that have median incomw levels well below the poverty level. Some 56 percent of the household s in the area immediatel surrounding the proposed store do not have acceszs or can afforda vehicle.’ “Having a generao merchandise store there is very important to the Fiala said.
• The ECIDwA directors also unanimously approveda $5.454 million inducement resolution package that will help 2880 Transif Road LLC finance the construction of Katie’a Place, a senior apartment complex along Transitf Road in West Katie’s Place is being developed by The project features 50 senior apartments in a two-story • The agency’s directors amended a previously approvedr incentive package for that will enable the company to starrt a $10.14 million expansion and renovatioj of its Cheektowaga plant.
API will be addinb 61,000-square-feet to the Walden Avenue
Thursday, September 27, 2012
Gee steps down from Massey board - Business First of Columbus:
“Massey Energy appreciates and understandsx Dr. Gee’s desire to devote his attentionbto Ohio,” the company said in a “Since 2000, Dr. Gee has servexd Massey Energy with His wisdom, advice and experiencwe will be greatly missed.” Gee received $219,261 in fees and other awards tied to his seat on the Massey board last year, according to documents filed with the Securitiees and Exchange Commission. It was one of four boards of which Gee is a He also serves as a directorfor Columbus-basex , toy maker (NYSE:HAS) and (NYSE:GET), which runs specialtyg hotels and entertainment spots, including the Grand Ole Opry in Tenn.
Tuesday, September 25, 2012
Ammunition - Federal, Hornady, Remington and Force-On-Force - Officer.com
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Monday, September 24, 2012
Six Flags files Chapter 11 - Minneapolis / St. Paul Business Journal:
New York-based Six Flags (OTC BB: said its reorganization plan has unanimous support of its steering committee and the administrative agent forthe company’ds $1.1 billion senior secured credit The plan would deleverage the company’se balance sheet by $1.8 and cut more than $300 million in mandatorily redeemable preferred stock obligations. The company listed assets of $3.03 billion and debtz of $2.36 billion in its filing. “The currenr management team inheriteda $2.4 billio n debt load that cannot be sustained, particularly in these challenginh financial markets,” said Mark Shapiro, president and CEO of Six in a statement.
“Axs a result, we are cleaning up the past and positioning the company for future Following a record year of performancein 2008, whicgh completed the three-year turnaround of our system-wide park operation, this action to clean up the balancd sheet paves the way for a full revivalk of the company. Six Flags has 97.7 million shares of common stockand 1.1 millionb shares of preferred stock. Six Flags’ stock closed June 12 at 26 centaa share. Six Flags reported a of 2009. It had a in 2008. Six Flagsx operates Atlanta's Six Flags Over Georgia, America n Adventures and Six Flags White Waterftheme parks.