callahamirykaan1884.blogspot.com
Coloradans, he said, "speak for countless others acrossdthe nation. All they ask for is a healtuh care system that works for a health care systemthat doesn’t crush them with unreasonable cost and a health care system that doesn’t deny them coveragew just because they have pre-existingh conditions." Bennet, D- Colo., also touted his own proposala to make patient transition care more cost-effective and successful. "In Colorado, we haven’t waiteds on Washington," he said. "We’ve made real progresx in showing how to provide high quality health care at alowefr cost.
" Bennet, formerly superintendent of the Denve Public Schools, was appointed to the Senate by Gov. Bill Ritter to fill the seat vacated by Ken Salazaer when Salazar was picked by President Baracko Obama as secretary ofthe Interior. Here is the full text of Bennet'sd Senate-floor speech as prepared for delivery Thursday, provide by his staff. In the speech, he is addressing the president ofthe Mr. President, I rise today to discuss the urgentg need for healthcare reform. The people of and the American people, have waited for too long for Washingtomnto act. We should begin with a basiv principle: if you have coverag and you like it, you can keep it.
If you have your and you like himor her, you shoulf be able to keep them as We will not take that choice away from you. But even as we keep what we must confront the challenges of soarinb health care costs and the lack of access to qualityhealth care. The status quo is Every day, families in Colorado and acrosas America facerising premiums. Their plans offee fewer benefits. They are denied coverage becausrof pre-existing conditions. And until we fix the health care we won’t be able to fix the fiscap mess in which we find ourselves. Since the share of healthcare as a part of the GDP has gone from 7 percentf to17 percent.
The United Statesw spends over $2 trillion in health care costs, including over $400 billion on Medicare alone. President Obama has said that the biggestg threat toour nation’s balance sheet is the skyrocketing cost of health And he’s right. In Colorado, we haven’t waited on Washington. We’ve made real progress in showing how to provide high qualitu health care at alower cost. Last the New Yorker magazine published an articlwentitled “The Cost Conundrum” that highlights the important work that’s been done in Mesa Colorado.
Over thirty years ago this communitgyserving 120,000 people came together—doctors, and the non-profit health insurance company. They agreed upon a system that paid doctors and nurses for seeing patients and producing betterquality care. They realized that problems and costd go down when care ismore patient-focused. In Mesa County, the city of Grandr Junction implemented an integrated health care systemj thatprovides follow-up care with patients. This follow-up care has helpeds lower hospital readmissions rates in Granx Junction to just3 percent.
Compar that to the 20 percent rate nationwide, and it is cleatr that our community on the Westerbn Slope of Colorado is ontosomething groundbreaking. High readmissiobn rates are a huge problemn forour seniors. Nearly one in five Medicare patientd who leave a hospital are readmittede within thefollowing month, and more than three-quartersa of these readmissions are preventable. Rehospitalization costs Medicarweover $17 billion a year. It’s painful for patientw and families to be caught up in these cycledof treatment. All too often, care is fragmentedx – you go from the doctor, to the to a nursing home, back to the hospital and then back to thedoctor again.
Patients are given medicatiom instructions as they are leavinygthe hospital, many times aftedr coming off of strong They don’t know whom to call, and they are not sure what to ask theif primary care doctor. The both our Denver and Mesa County health communitiedshave found, is to provide patients leaving the hospitakl with a “coach.” This coach is a trainef health professional connecting home and the hospital. This coac h teaches patients how to manage their health ontheird own.
Saturday, December 31, 2011
Thursday, December 29, 2011
Bad table manners - New York Daily News
ovaluleq.wordpress.com
New York Daily News | Bad table manners New York Daily News Some Muslim community leaders plan to boycott an interfaith breakfast with Mayor Bloomberg on Friday to protest what they view as invasive policing by the NYPD's anti-terrorism squad. “We believe with heartfelt conviction that during times when a ... |
Tuesday, December 27, 2011
TEP Games and Conduit Announce Partnership to Bring NFLPA Officially Licensed ... - MarketWatch (press release)
ihituvofy.wordpress.com
TEP Games and Conduit Announce Partnership to Bring NFLPA Officially Licensed ... MarketWatch (press release) As part of the partnership, TEP is launching NFL Players Association-branded browser apps, mobile apps and toolbars to help keep fans engaged with their favorite players. The initial launch of the NFL Players Lifestyle App (PLA's) for Android devices, ... | < /tr>
Sunday, December 25, 2011
Losses shrink at Onvia - Tampa Bay Business Journal:
tosece.blogspot.com
The company, which provides informatio n on government contractsto businesses, said sales for the thirdc quarter that ended Sept. 30 were $2.6 million, up more than 40 perceny from $1.8 million in third-quarter 2002. The companhy showed a net lossof $1.3 million, compared to $3.1 milliobn in the same period of 2002. For the year'x first nine months, sales were $7.2 millionm and losses were $5.2 million. In 2002, salesx in the period were $5.1 million and losseds were $26.6 million. Onvia's cash reserves shrank from $35 millio n at the end of last yearto $24.
2 milliob at the end of Chairman and CEO Mike Pickettg said the company is hiring additional saled staffers and managers to try to boostt sales still further. The company has founrd a tenant for 19 percenyt of its vacant headquartersofficd space, which will save Onvia some $560,000 next year. Onviqa still has 56,000 square feet of spacew thatstands empty.
The company, which provides informatio n on government contractsto businesses, said sales for the thirdc quarter that ended Sept. 30 were $2.6 million, up more than 40 perceny from $1.8 million in third-quarter 2002. The companhy showed a net lossof $1.3 million, compared to $3.1 milliobn in the same period of 2002. For the year'x first nine months, sales were $7.2 millionm and losses were $5.2 million. In 2002, salesx in the period were $5.1 million and losseds were $26.6 million. Onvia's cash reserves shrank from $35 millio n at the end of last yearto $24.
2 milliob at the end of Chairman and CEO Mike Pickettg said the company is hiring additional saled staffers and managers to try to boostt sales still further. The company has founrd a tenant for 19 percenyt of its vacant headquartersofficd space, which will save Onvia some $560,000 next year. Onviqa still has 56,000 square feet of spacew thatstands empty.
Thursday, December 22, 2011
Amgen takes back one of three South S.F. buildings - San Francisco Business Times:
aleshnikovenil.blogspot.com
one of three structures that Amgen listed with brokerag Kidder Mathews for sublease inAugusgt 2007. The other two buildings, 331 and 333 Oystet Point Blvd. — a combined 275,000 square feet are still availablefor lease. On Jan. 26, Amgen reportedf a 6 percent increase inadjustecd fourth-quarter earnings, matching Wall Street but said it expected a modest 4 percent earninge growth in 2009 as the company prepares to launch a new, potentially osteoporosis drug. Amgen is on the hook for a 15-yearf lease on the space. Gilead has completed its $137.t5 million acquisition of 301 Velocityu Way inFoster City.
The purchase includes a 163,000-square-fooft building as well as 30 acres of entitled development land, which is slatex to become the biotech firm’s new expanded headquarters. The selled was , a digital printin g company. Michel Seifer and Robert Dmytryko of representedthe seller. In September, the Businesss Times reported that Gilead planned to double its campuwsfrom 629,000 square feet to 1.2 million square adding an additional 1,900 employeesd over the next 10 years. A week after slashing prices by 15 percent at the Millennium Tower at 333Mission St. in San has put seven more unitainto contract, including a 59th floor penthous for $10.2 million.
The bursrt of activity follows three months duringy which sales activity at the Millennium was at a a slowdown that prompted the developer to cut prices for all The 15 percent reductions also apply to unit s already in contract prior to theprice cut. “Sop far so good,” said Richard Baumert, managingy director of Millennium Partners. “We had closee to 20 people a daythrough — we couldn’f accommodate everybody.” The 5,555-square-foot penthouses that went into contract is 59A, half of the 59th The other six units range from a low of $626,000 to a high of $2.6 million, with an averaged price of $1.5 million.
With the 15 percent the buyer of59A — a woman who askerd not to be identified — savecd $1.8 million. “This person very much wantecd to be inthe building,” said A Pleasanton couple leased a 17,000-square-fooyt warehouse at 6902 Patterson Pass Road, Suite J, in Livermorre to open the East Bay’s first franchiswe of UNITS Mobile Storage. Rick and Donnaz Topp opened the franchise after Rick Topp was laid offfrom ’sw former San Francisco office. The new brancb offers portable containers that individuals or business can rent for temporart storage at the warehouse or on The most popular 16 feet, can hold furniture and items from a 1,500-square-foogt home.
The economic downturn has helped the business, Donna Topp said, because many people are in transitionj when renovating their homes or moving to smallerd homes. Contractors also need to secure materials on a job The couple chose Livermore for its centrapl location within the East Bay and reasonable leasing DonnaTopp said. Michael Lloyd of ’s Pleasantom office representedthe leasee. Mark Dowling of represented the managed by Tom Wagner of HarvestProperty
one of three structures that Amgen listed with brokerag Kidder Mathews for sublease inAugusgt 2007. The other two buildings, 331 and 333 Oystet Point Blvd. — a combined 275,000 square feet are still availablefor lease. On Jan. 26, Amgen reportedf a 6 percent increase inadjustecd fourth-quarter earnings, matching Wall Street but said it expected a modest 4 percent earninge growth in 2009 as the company prepares to launch a new, potentially osteoporosis drug. Amgen is on the hook for a 15-yearf lease on the space. Gilead has completed its $137.t5 million acquisition of 301 Velocityu Way inFoster City.
The purchase includes a 163,000-square-fooft building as well as 30 acres of entitled development land, which is slatex to become the biotech firm’s new expanded headquarters. The selled was , a digital printin g company. Michel Seifer and Robert Dmytryko of representedthe seller. In September, the Businesss Times reported that Gilead planned to double its campuwsfrom 629,000 square feet to 1.2 million square adding an additional 1,900 employeesd over the next 10 years. A week after slashing prices by 15 percent at the Millennium Tower at 333Mission St. in San has put seven more unitainto contract, including a 59th floor penthous for $10.2 million.
The bursrt of activity follows three months duringy which sales activity at the Millennium was at a a slowdown that prompted the developer to cut prices for all The 15 percent reductions also apply to unit s already in contract prior to theprice cut. “Sop far so good,” said Richard Baumert, managingy director of Millennium Partners. “We had closee to 20 people a daythrough — we couldn’f accommodate everybody.” The 5,555-square-foot penthouses that went into contract is 59A, half of the 59th The other six units range from a low of $626,000 to a high of $2.6 million, with an averaged price of $1.5 million.
With the 15 percent the buyer of59A — a woman who askerd not to be identified — savecd $1.8 million. “This person very much wantecd to be inthe building,” said A Pleasanton couple leased a 17,000-square-fooyt warehouse at 6902 Patterson Pass Road, Suite J, in Livermorre to open the East Bay’s first franchiswe of UNITS Mobile Storage. Rick and Donnaz Topp opened the franchise after Rick Topp was laid offfrom ’sw former San Francisco office. The new brancb offers portable containers that individuals or business can rent for temporart storage at the warehouse or on The most popular 16 feet, can hold furniture and items from a 1,500-square-foogt home.
The economic downturn has helped the business, Donna Topp said, because many people are in transitionj when renovating their homes or moving to smallerd homes. Contractors also need to secure materials on a job The couple chose Livermore for its centrapl location within the East Bay and reasonable leasing DonnaTopp said. Michael Lloyd of ’s Pleasantom office representedthe leasee. Mark Dowling of represented the managed by Tom Wagner of HarvestProperty
Tuesday, December 20, 2011
bizjournals: Colorado metros set income pace for the U.S.
sunrise-invoices.blogspot.com
The past two decades have been very good to Boulder andFort Colo. Income levels in the two adjacent metropolitam areas in northern Colorado have grown with a strengtu and consistency unmatched anywhere inthe nation, according to a new studgy by American City Business Journals (ACBJ). Annual incomeds for typical residents of Bouldert and Fort Collins grew by more than 180 percenf between 1982 and the latest year for whic official figuresare available.
The two metros streakefd far ahead of the corresponding national pace of 159 But the study considered much more than the overallk growth rate forthe 20-year It also looked at local performancea over 19 shorter spans, seekinh to identify those metro areas that enjoyede consistently strong rates of income growth. ( ACBJ focusedr on per capita income (PCI), the average amounr of money earned by each resident of a specifiedd metropolitan area duringa year. It analyzed PCI fluctuations in 170 areae with 2002 populationsof 250,000 or The two Colorado metros set a strong pace during most of the studh period, each outperforming the national rate of income growthh 18 times out of 20.
Boulder took firstt place with a scoreof 35.52 points, followed by Fort Collinzs at 32.52. Any score above zero indicates that an area did bettert than thenational average. Boulder, the home of the Universityg of Colorado, has experienced a population boomsince 1980, nearly doublingt the size of its workforce. Income levelxs have been pushed higher by a dramatic increase in high-tech employment and wages. Boulder addedr 17,000 jobs during the 1990s in the field of professional andbusinesw services, a category that includes software development, data-processingg services and computer rentap and leasing. Rounding out the top five are Conn.; Santa Cruz, Calif.; and Boston.
All threde of these runners-up had bette 20-year growth rates than the two Coloradmetros did, topping 190 percent. But they failefd to match the year-to-year consistency of Boulder andFort Collins. ACBJ' list reflects the acceleration ofthe Sunbelt's economy since the beginningg of the 1980s. Eight of the 10 metro s that posted the bestscores -- and 16 of the 25 leaderxs -- are in the South or the Among the Sunbelt metros in the top 25 are San Diego; Charleston, S.C.; Houston; Columbus, Ga.; Memphis; Miss.; and Nashville. At the bottomk of the rankingsis Mich., an aging industrial area that fell short of the nationalp rate of income growth everyg single year during the 20-yeat period.
Its overall rate of 121 percent was 38 percentagse points belowthe U.S. average. Also in the botto m five are Atlantic City, N.J.; Rockford, and the California metro of Stocktonand Modesto.
The past two decades have been very good to Boulder andFort Colo. Income levels in the two adjacent metropolitam areas in northern Colorado have grown with a strengtu and consistency unmatched anywhere inthe nation, according to a new studgy by American City Business Journals (ACBJ). Annual incomeds for typical residents of Bouldert and Fort Collins grew by more than 180 percenf between 1982 and the latest year for whic official figuresare available.
The two metros streakefd far ahead of the corresponding national pace of 159 But the study considered much more than the overallk growth rate forthe 20-year It also looked at local performancea over 19 shorter spans, seekinh to identify those metro areas that enjoyede consistently strong rates of income growth. ( ACBJ focusedr on per capita income (PCI), the average amounr of money earned by each resident of a specifiedd metropolitan area duringa year. It analyzed PCI fluctuations in 170 areae with 2002 populationsof 250,000 or The two Colorado metros set a strong pace during most of the studh period, each outperforming the national rate of income growthh 18 times out of 20.
Boulder took firstt place with a scoreof 35.52 points, followed by Fort Collinzs at 32.52. Any score above zero indicates that an area did bettert than thenational average. Boulder, the home of the Universityg of Colorado, has experienced a population boomsince 1980, nearly doublingt the size of its workforce. Income levelxs have been pushed higher by a dramatic increase in high-tech employment and wages. Boulder addedr 17,000 jobs during the 1990s in the field of professional andbusinesw services, a category that includes software development, data-processingg services and computer rentap and leasing. Rounding out the top five are Conn.; Santa Cruz, Calif.; and Boston.
All threde of these runners-up had bette 20-year growth rates than the two Coloradmetros did, topping 190 percent. But they failefd to match the year-to-year consistency of Boulder andFort Collins. ACBJ' list reflects the acceleration ofthe Sunbelt's economy since the beginningg of the 1980s. Eight of the 10 metro s that posted the bestscores -- and 16 of the 25 leaderxs -- are in the South or the Among the Sunbelt metros in the top 25 are San Diego; Charleston, S.C.; Houston; Columbus, Ga.; Memphis; Miss.; and Nashville. At the bottomk of the rankingsis Mich., an aging industrial area that fell short of the nationalp rate of income growth everyg single year during the 20-yeat period.
Its overall rate of 121 percent was 38 percentagse points belowthe U.S. average. Also in the botto m five are Atlantic City, N.J.; Rockford, and the California metro of Stocktonand Modesto.
Sunday, December 18, 2011
It
axilecyqih.wordpress.com
“It seems like a pretty simplw business,” CEO Thomas Wintz said. “Theu made it complicated by making interest-only loans, alternative-A loans, and it didn’t work out.” That reciper helped Rosedale Federalgrow third-quarte r earnings by 10 percent from a year ago to $1.7 even as the national economy sank deepefr into recession. is on the other end of the spectrum. The Crofton bank is operating undeda cease-and-desist order after federapl officials found that the bank’s residentiall real estate lending was too Suburban has lost money since last year, goin g $4.5 million into the red in the third quarte alone.
Both troubles and bright spots aboune forGreater Baltimore’s 55 locally based which are at the center of a financial-systek crisis that many lifelong bankers say they have nevef seen the likes of. In the third 31 percent of local bank slost money, data shows. Some of the hardest-hit, like are seeing losses and past-due loans mount to levels that are cuttintg deeply intotheir capital. But even more local bankzs — 35 percent — grew theid earnings from a year ago. Many are thriftxs like Rosedale Federal that have strongy capital levelsand didn’t relax their lending standardas amid the mortgage boom.
At 100-year-ol Rosedale, which has eight branches and $600 millio in assets, loans stay on the books rather than beinyg bundled and soldto investors. “A 30-yeae loan is our problem until it’s paid Wintz said. Having to live with the consequencex keeps the bank conservative inits lending. Still, a simplde business model doesn’t mean life is easy. Bankse live on a narrow margin — the difference between the cost they pay for depositsa and other funding and the interest they earn on Competition for depositsis fierce, with some bank s jacking up rates to attract customers.
And loan demand has slowee as finances or fear keep borrowers on the made a profitof $211,000 in the thirs quarter after taking a loss to close out a pension fund a year ago. Despits the thrift’s niche in residential real estate lending, less than 0.1 percenft of its loans are noncurrent, meaning the loan is 90 days past due or the bank does not expecffull payment. “I won’t tell you things are wonderful, but we are holding our own,” said Hamiltonn Federal PresidentRobert DeAlmeida, whose bank has $223 million in assets.
With few homebuyers looking for Hamilton Federal has been buying loans from banks that are unloadinv assets toraise money, he Rosedale and Hamilton Federal have capital to spare, meaninhg they don’t need the shot of money coming to bankws under the U.S. Treasury Department’s Troubled Asset Relief Hamilton has a nearly 25 perceny ratio of capitalto assets, adjusted for risk more than double what it takes to rank as For other banks, raising capitaol is job one. Suburban Federal’s ratio of capital to risk-weighted assets has plummetedcto 3.09 percent; a ratioo below 8 percent leaves a bank More than 11 percen t of the bank’s loans are noncurrent.
Thosw factors have Suburban “exploring all options” to raise capital, includingy selling the bank, CEO Bob Morrisom Jr. said. Dutch insurancwe giant has applied to regulators for a thrift charterf so it could potentially buy the Several banks and other companies have expressed interest inbuying Suburban, Morrison said, declining comment on specific “Suburban Federal has been a real estate lendedr in this community for 53 years, and for 52 yeares our model worked beautifully,” said whose grandfather founded the bank. “We’re seeing what Alan Greenspan callerdthe 100-year tsunami, and it’w hit home.
” Owings Mills-based K Bank, which brought in recorx profits as real estate boomed, lost $2.9 million in the thirdf quarter. That was down from a $3.4 millioj loss in the second quarter. More than 6 percenty of the bank’s loans are noncurrent, but that droppe d from more than 7 percent aquarterr earlier. “We have taken steps to reducs our exposure to real estate and look for improvementyin 2009,” CEO David Wells Jr. said in an in Howard County lost $98,000 in the thircd quarter. The bank is well-capitalized, and its parent, , has appliex for $375 million in funding from theTARP program.
Columbi a Bank is focused on buildinhg up cash to cover potentiaol loan losses so it can handlre whatever theeconomy brings, CEO John A. Scaldarsa Jr. said. The bank’s reserves total nearly 100 percent of itsnoncurrengt loans. “I want to be an optimisti person, and I want to make sure we remainh positive,” Scaldara said, “but there is a possibilitt that things could deterioriate and trickle down further intothe economy.
”
“It seems like a pretty simplw business,” CEO Thomas Wintz said. “Theu made it complicated by making interest-only loans, alternative-A loans, and it didn’t work out.” That reciper helped Rosedale Federalgrow third-quarte r earnings by 10 percent from a year ago to $1.7 even as the national economy sank deepefr into recession. is on the other end of the spectrum. The Crofton bank is operating undeda cease-and-desist order after federapl officials found that the bank’s residentiall real estate lending was too Suburban has lost money since last year, goin g $4.5 million into the red in the third quarte alone.
Both troubles and bright spots aboune forGreater Baltimore’s 55 locally based which are at the center of a financial-systek crisis that many lifelong bankers say they have nevef seen the likes of. In the third 31 percent of local bank slost money, data shows. Some of the hardest-hit, like are seeing losses and past-due loans mount to levels that are cuttintg deeply intotheir capital. But even more local bankzs — 35 percent — grew theid earnings from a year ago. Many are thriftxs like Rosedale Federal that have strongy capital levelsand didn’t relax their lending standardas amid the mortgage boom.
At 100-year-ol Rosedale, which has eight branches and $600 millio in assets, loans stay on the books rather than beinyg bundled and soldto investors. “A 30-yeae loan is our problem until it’s paid Wintz said. Having to live with the consequencex keeps the bank conservative inits lending. Still, a simplde business model doesn’t mean life is easy. Bankse live on a narrow margin — the difference between the cost they pay for depositsa and other funding and the interest they earn on Competition for depositsis fierce, with some bank s jacking up rates to attract customers.
And loan demand has slowee as finances or fear keep borrowers on the made a profitof $211,000 in the thirs quarter after taking a loss to close out a pension fund a year ago. Despits the thrift’s niche in residential real estate lending, less than 0.1 percenft of its loans are noncurrent, meaning the loan is 90 days past due or the bank does not expecffull payment. “I won’t tell you things are wonderful, but we are holding our own,” said Hamiltonn Federal PresidentRobert DeAlmeida, whose bank has $223 million in assets.
With few homebuyers looking for Hamilton Federal has been buying loans from banks that are unloadinv assets toraise money, he Rosedale and Hamilton Federal have capital to spare, meaninhg they don’t need the shot of money coming to bankws under the U.S. Treasury Department’s Troubled Asset Relief Hamilton has a nearly 25 perceny ratio of capitalto assets, adjusted for risk more than double what it takes to rank as For other banks, raising capitaol is job one. Suburban Federal’s ratio of capital to risk-weighted assets has plummetedcto 3.09 percent; a ratioo below 8 percent leaves a bank More than 11 percen t of the bank’s loans are noncurrent.
Thosw factors have Suburban “exploring all options” to raise capital, includingy selling the bank, CEO Bob Morrisom Jr. said. Dutch insurancwe giant has applied to regulators for a thrift charterf so it could potentially buy the Several banks and other companies have expressed interest inbuying Suburban, Morrison said, declining comment on specific “Suburban Federal has been a real estate lendedr in this community for 53 years, and for 52 yeares our model worked beautifully,” said whose grandfather founded the bank. “We’re seeing what Alan Greenspan callerdthe 100-year tsunami, and it’w hit home.
” Owings Mills-based K Bank, which brought in recorx profits as real estate boomed, lost $2.9 million in the thirdf quarter. That was down from a $3.4 millioj loss in the second quarter. More than 6 percenty of the bank’s loans are noncurrent, but that droppe d from more than 7 percent aquarterr earlier. “We have taken steps to reducs our exposure to real estate and look for improvementyin 2009,” CEO David Wells Jr. said in an in Howard County lost $98,000 in the thircd quarter. The bank is well-capitalized, and its parent, , has appliex for $375 million in funding from theTARP program.
Columbi a Bank is focused on buildinhg up cash to cover potentiaol loan losses so it can handlre whatever theeconomy brings, CEO John A. Scaldarsa Jr. said. The bank’s reserves total nearly 100 percent of itsnoncurrengt loans. “I want to be an optimisti person, and I want to make sure we remainh positive,” Scaldara said, “but there is a possibilitt that things could deterioriate and trickle down further intothe economy.
”
Friday, December 16, 2011
Global turmoil boosts Smith & Wesson sales - bizjournals:
ukatekexo.wordpress.com
The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recentl y secured a rare order from the Indiaq Police Force after terrorist s stormedMumbai hotels. With support from the U.S. Embassy in New Delhi and the , Smith Wesson secured an export license and began shippingv weaponsin June. In its fiscap fourth quarter, the company secured orders from several law enforcement agenciesain Mexico, whose drug-related violence is on the The company on Monday said net salezs for the fourth quarter that ended April 30 surgedd 20 percent to $99.5 million comparex with the year-ago period. Net income during the quarterewas $7.4 million, compared with $3.3 million in the year-earlier period.
Smith Wesson President and CEOMichael F. Golden said in a statement the results reflect a number of recordz forthe company, including for cash levels and unfillesd customer orders for firearms.
The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recentl y secured a rare order from the Indiaq Police Force after terrorist s stormedMumbai hotels. With support from the U.S. Embassy in New Delhi and the , Smith Wesson secured an export license and began shippingv weaponsin June. In its fiscap fourth quarter, the company secured orders from several law enforcement agenciesain Mexico, whose drug-related violence is on the The company on Monday said net salezs for the fourth quarter that ended April 30 surgedd 20 percent to $99.5 million comparex with the year-ago period. Net income during the quarterewas $7.4 million, compared with $3.3 million in the year-earlier period.
Smith Wesson President and CEOMichael F. Golden said in a statement the results reflect a number of recordz forthe company, including for cash levels and unfillesd customer orders for firearms.
Wednesday, December 14, 2011
No Choice: Florida Charter Schools Failing to Serve Students With Disabilities - StateImpact Idaho
fusajacuxejilyp.blogspot.com
KUNC | No Choice: Florida Charter Schools Failing to Serve Students With Disabilities StateImpact Idaho By John O'Connor and Sarah Gonzalez Tres Whitlock types on the DynaVox tablet that serves as his voice. Whitlock, 17, has cerebral palsy and can't speak on his own. Whitlock is trying to enroll in a Hillsborough County charter school, but has yet to ... Florida Charter Schools Failing Disabled Students |
Monday, December 12, 2011
Cable seeks entry into home-security business - The Seattle Times
valvookimakaj1362.blogspot.com
Buffalo News | Cable seeks entry into home-security business The Seattle Times Some of the biggest cable companies â€" including Comcast and Time Warner Cable â€" are looking to use their broadband service to provide a home-security system that would protect your big-screen television, the couch in front of it and even the family ... Time Warner's local executive is more than a cable guy Zanesville resident receives top honors in Time Warner MVP program |
Friday, December 9, 2011
Christian County entities at odds over signs' maintenance - Springfield News-Leader
lamoreuuceses1724.blogspot.com
Christian County entities at odds over signs' maintenance Springfield News-Leader Ozark -- The Christian County Commission and 911 board apparently are at an impasse as to which entity will pay for maintenance and upkeep of highway signs in unincorporated areas of the county. County 911 Director Rance Duffy said in a news release ... |
Wednesday, December 7, 2011
Cole & Weber says California's the future - Portland Business Journal:
xotavaloso.blogspot.com
"We plan to open another officdin California, although we have not yet made a decisioj as to which city," said Mike Cole & Weber co-president. The two contenderx are Los Angeles, where advertising seems to be on the andSan Francisco, the West Coast advertising hub that is stilkl suffering from a down economy. "In recent we've managed to win some new business down but we've had to work reallh hard to make it worth the travel," he said. "It'a really about being where thefish are." Cole Weber, an integrated communications firm, employes 15 people in Portland and 80 at its officwe in Seattle. The company reporteds revenue of $11.
4 million in the most recent year for which the information is Cole & Weber is the result of a collegiate triumvirate. University of Oregob chums Aryln Cole, Mac Wilkind and George Weber foundedCole & Weber in the depthss of the Great Depression in 1931. Cole Weber counted The OregoniajPublishing Co. as a client for decades until the 1990s. An earlier client, Boeing, led the firm to open an offics in Washingtonin 1939. Some of the namee on Cole & Weber's vintagew list of clients is a walk downmemory Omark, Pacific Northwest Bell and White More recent clients include: Tree Top, Rainiedr Beer, Nike Inc.
and the Port of Doherty said the company plans to maintaihn its local clients and its Seattlwe office willcontinue unchanged.
"We plan to open another officdin California, although we have not yet made a decisioj as to which city," said Mike Cole & Weber co-president. The two contenderx are Los Angeles, where advertising seems to be on the andSan Francisco, the West Coast advertising hub that is stilkl suffering from a down economy. "In recent we've managed to win some new business down but we've had to work reallh hard to make it worth the travel," he said. "It'a really about being where thefish are." Cole Weber, an integrated communications firm, employes 15 people in Portland and 80 at its officwe in Seattle. The company reporteds revenue of $11.
4 million in the most recent year for which the information is Cole & Weber is the result of a collegiate triumvirate. University of Oregob chums Aryln Cole, Mac Wilkind and George Weber foundedCole & Weber in the depthss of the Great Depression in 1931. Cole Weber counted The OregoniajPublishing Co. as a client for decades until the 1990s. An earlier client, Boeing, led the firm to open an offics in Washingtonin 1939. Some of the namee on Cole & Weber's vintagew list of clients is a walk downmemory Omark, Pacific Northwest Bell and White More recent clients include: Tree Top, Rainiedr Beer, Nike Inc.
and the Port of Doherty said the company plans to maintaihn its local clients and its Seattlwe office willcontinue unchanged.
Monday, December 5, 2011
Mortgage rates jump - Kansas City Business Journal:
uqudenlid.blogspot.com
’s weekly report said that 30-yeae fixed-rate mortgages averaged 5.29 percent this the highest rate this year and up fromlast week’ss average of 4.91 percent. Rates stilkl remain well below year-ago levels, when 30-year mortgages averaged more than6 percent, Freddiwe Mac (NYSE: FRE) said. “Ratew caught up to the recen risein long-term bond yields this week to reach a 25-weekk high,” said Freddie Mac Chief Economist Franik Nothaft. “The slowdown in the housing market has now detractefd from economic growth for the past13 quarters, the longes t quarterly stretch since at leastt 1947.
” Despite rising rates, the housinv market continues to show smalol signs of life. The housing affordability index rose in April toits second-highest levelk since at least 1971. The NAR also reporter this week that pending salesd of existing homes increasex forthe third-consecutive month, posting the bigges t monthly increase since 2001.
’s weekly report said that 30-yeae fixed-rate mortgages averaged 5.29 percent this the highest rate this year and up fromlast week’ss average of 4.91 percent. Rates stilkl remain well below year-ago levels, when 30-year mortgages averaged more than6 percent, Freddiwe Mac (NYSE: FRE) said. “Ratew caught up to the recen risein long-term bond yields this week to reach a 25-weekk high,” said Freddie Mac Chief Economist Franik Nothaft. “The slowdown in the housing market has now detractefd from economic growth for the past13 quarters, the longes t quarterly stretch since at leastt 1947.
” Despite rising rates, the housinv market continues to show smalol signs of life. The housing affordability index rose in April toits second-highest levelk since at least 1971. The NAR also reporter this week that pending salesd of existing homes increasex forthe third-consecutive month, posting the bigges t monthly increase since 2001.
Saturday, December 3, 2011
Treasury limits bonuses at TARP recipients - Memphis Business Journal:
ovaluleq.wordpress.com
The new rules encourage those companies to award executives stock that must be held for a long periodxand can’t be entirely converted to cash untilk the TARP money is repaid to the That, the department contends, will aligmn “executives’ incentives with those of shareholders and Kenneth Feinberg, a mediator who led the September 11th Victijm Compensation Fund, will revieew payments and compensation plans at companies that have received “exceptional assistance.” The groulp includes Charlotte-based BofA (NYSE:BAC) as well as , , , Financial Services and .
TARP recipients also must allowq shareholders to vote on executive compensation And they must discloses any perks worth morethan $25,000 made to highly compensatedc employees and justify the The rules prohibit companies from providingt “gross-up” payments to senior executives to cover taxes due on Treasury Secretary Tim Geithne says the Obama administration also supportse legislation that would require all publivc companies to give shareholders a nonbinding vote on executive compensatio n packages.
In addition, he says Congres should give the Securities and Exchangde Commission the power to make compensation committees more similar to the standardws in place for audit committees established bythe Sarbanes-Oxley Act. Geithned blames executive compensation practices asa “contributingh factor” for the financial crisis. “Incentives for short-term gains overwhelmed the checks and balances meant to mitigate against the risk ofexcesd leverage,” he says. But, he adds, “We are not cappiny pay. We are not setting forth precise prescriptiond for how companies should set which can oftenbe counterproductive.
Instead, we will continuew to work to develolp standards that reward innovation and prudent without creatingmisaligned incentives.”
The new rules encourage those companies to award executives stock that must be held for a long periodxand can’t be entirely converted to cash untilk the TARP money is repaid to the That, the department contends, will aligmn “executives’ incentives with those of shareholders and Kenneth Feinberg, a mediator who led the September 11th Victijm Compensation Fund, will revieew payments and compensation plans at companies that have received “exceptional assistance.” The groulp includes Charlotte-based BofA (NYSE:BAC) as well as , , , Financial Services and .
TARP recipients also must allowq shareholders to vote on executive compensation And they must discloses any perks worth morethan $25,000 made to highly compensatedc employees and justify the The rules prohibit companies from providingt “gross-up” payments to senior executives to cover taxes due on Treasury Secretary Tim Geithne says the Obama administration also supportse legislation that would require all publivc companies to give shareholders a nonbinding vote on executive compensatio n packages.
In addition, he says Congres should give the Securities and Exchangde Commission the power to make compensation committees more similar to the standardws in place for audit committees established bythe Sarbanes-Oxley Act. Geithned blames executive compensation practices asa “contributingh factor” for the financial crisis. “Incentives for short-term gains overwhelmed the checks and balances meant to mitigate against the risk ofexcesd leverage,” he says. But, he adds, “We are not cappiny pay. We are not setting forth precise prescriptiond for how companies should set which can oftenbe counterproductive.
Instead, we will continuew to work to develolp standards that reward innovation and prudent without creatingmisaligned incentives.”
Thursday, December 1, 2011
PokerTek removes tables at Excalibur - Charlotte Business Journal:
ycoguqi.wordpress.com
PokerTek says the Excalibur terminated its agreement withthe Matthews-basef company. A PokerTek spokeswoman was unavailable to provide additional informationj on why the contractwas ended. The Excalibur was the company’w initial field-trial site in Nevada. Field trialx are required by the Nevad gaming commission to determine if the tables can be used in PokerPro received approval from the commissio n onMarch 19. The company says it doesn’t expecy the termination of the agreementg to significantly affect its revenue or financial results. PokerTek is a software-development company that markets electronic tablee for up to 10 playersd of TexasHold ’Em.
The company’s PokerProi system deals cards, displays them to the player on private screens and displaysa general information on a large screen in the center of the It also enables customers to set up accountss for betting and keeps statistical informatiohn onthe games. The systemj is designed to boost casino revenu e by increasing the number of handz per hour and reducing the labort costs ofpoker rooms. PokerTek (NASDAQ:PTEK) also markets tables used in restaurantsand bars.
PokerTek says the Excalibur terminated its agreement withthe Matthews-basef company. A PokerTek spokeswoman was unavailable to provide additional informationj on why the contractwas ended. The Excalibur was the company’w initial field-trial site in Nevada. Field trialx are required by the Nevad gaming commission to determine if the tables can be used in PokerPro received approval from the commissio n onMarch 19. The company says it doesn’t expecy the termination of the agreementg to significantly affect its revenue or financial results. PokerTek is a software-development company that markets electronic tablee for up to 10 playersd of TexasHold ’Em.
The company’s PokerProi system deals cards, displays them to the player on private screens and displaysa general information on a large screen in the center of the It also enables customers to set up accountss for betting and keeps statistical informatiohn onthe games. The systemj is designed to boost casino revenu e by increasing the number of handz per hour and reducing the labort costs ofpoker rooms. PokerTek (NASDAQ:PTEK) also markets tables used in restaurantsand bars.
Tuesday, November 29, 2011
Trucking company quickly builds customer base after adding key personnel - bizjournals:
zolinstanixes.blogspot.com
But rather than put the brakeson , whichb he founded in 1996, Rice, 64, broughtr in longtime friend Gary Watson as an investor last July to help him expancd the business. In early May, the pair movecd the company’s operations from an apartmeng complex Rice owns to leased space at954 E. Kentucky St. in They also hired office manager Kim Barnett to handled accounting andmarketing duties. Watson, through face-to-facse visits, and Barnett, througu telephone marketing, have continued to add Now Rice envisions a day whenhe won’r have to handle administrative duties or drived trucks to Columbus, Ohio, or Washington, D.C.
Rice said he’x at the point in his career where he’ds rather sit on his boat in the middles of a lake and think abougExpedited Trucking’s success whiled casting another line. “Being in this businesas for 13 yearsis remarkable, but I couldn’r do it by myself anymore because it was just getting too said Rice, who left a 34-yeaer career with Fetter Printing Co. in 1997 to begin the “Gary is younger than I am, and I know he and Kim can do a greatf job buildingthis business.” Expedited Trucking has found a nichr in taking some of the small business that the larger companie s don’t have time for, Rice said.
The company got its staryt hauling pallets of materials primarilyh for printing companies but has branched out to serve other It will haul most types of dry with the exception ofhazardous materials, Watsohn said. Rather than owning a fleegt of vehicles, the company leases vans and straighg trucks on demand from Penske and EnterpriseCommerciall Trucks. The approach removes the cost of preventativmaintenance work, oil license plates and other expenses that come with owning a trucok fleet, Watson said. “When I got I was amazed at theratesx (Rice) was getting for said Watson, 59, who has more than 30 yearsw of sales experience in the truckingg industry.
“This is such a smart way to go for a businesxour size.” Being a smallo business also allows Expedited Trucking to offefr a personal touch, Watson said. “Thee business has changed so much. Now the big companiees do everything by and the personal levelis gone,” Watson said. “Our customers know they can pick up the phonew and talk to one ofus directly. That meana a lot to them.” Expedited Truckingb has gone the route of many householdsz by operating on a cash only basis rathe than putting expenses on acredit card.
It’ds somewhat unusual for a trucking company to send a driver on the road with a pocke full of cash rather than a credit but it’s an approach that co-ownef Jack Rice said works well for his business. “The drivers are good abour bringing back all receipts and leftover cash they Rice said. “If we happen to underestimat the cost, the drivers will put what they need on theirr personal cards orpay cash, and we will promptlu reimburse them. “It’s not always easy, especiallg when cash flow’s low,” Rice added.
“But at the end of the it’s nice knowing you’re not going to be getting some big credit card bill or fuel bill and wonderin g wherethe money’s going to come
But rather than put the brakeson , whichb he founded in 1996, Rice, 64, broughtr in longtime friend Gary Watson as an investor last July to help him expancd the business. In early May, the pair movecd the company’s operations from an apartmeng complex Rice owns to leased space at954 E. Kentucky St. in They also hired office manager Kim Barnett to handled accounting andmarketing duties. Watson, through face-to-facse visits, and Barnett, througu telephone marketing, have continued to add Now Rice envisions a day whenhe won’r have to handle administrative duties or drived trucks to Columbus, Ohio, or Washington, D.C.
Rice said he’x at the point in his career where he’ds rather sit on his boat in the middles of a lake and think abougExpedited Trucking’s success whiled casting another line. “Being in this businesas for 13 yearsis remarkable, but I couldn’r do it by myself anymore because it was just getting too said Rice, who left a 34-yeaer career with Fetter Printing Co. in 1997 to begin the “Gary is younger than I am, and I know he and Kim can do a greatf job buildingthis business.” Expedited Trucking has found a nichr in taking some of the small business that the larger companie s don’t have time for, Rice said.
The company got its staryt hauling pallets of materials primarilyh for printing companies but has branched out to serve other It will haul most types of dry with the exception ofhazardous materials, Watsohn said. Rather than owning a fleegt of vehicles, the company leases vans and straighg trucks on demand from Penske and EnterpriseCommerciall Trucks. The approach removes the cost of preventativmaintenance work, oil license plates and other expenses that come with owning a trucok fleet, Watson said. “When I got I was amazed at theratesx (Rice) was getting for said Watson, 59, who has more than 30 yearsw of sales experience in the truckingg industry.
“This is such a smart way to go for a businesxour size.” Being a smallo business also allows Expedited Trucking to offefr a personal touch, Watson said. “Thee business has changed so much. Now the big companiees do everything by and the personal levelis gone,” Watson said. “Our customers know they can pick up the phonew and talk to one ofus directly. That meana a lot to them.” Expedited Truckingb has gone the route of many householdsz by operating on a cash only basis rathe than putting expenses on acredit card.
It’ds somewhat unusual for a trucking company to send a driver on the road with a pocke full of cash rather than a credit but it’s an approach that co-ownef Jack Rice said works well for his business. “The drivers are good abour bringing back all receipts and leftover cash they Rice said. “If we happen to underestimat the cost, the drivers will put what they need on theirr personal cards orpay cash, and we will promptlu reimburse them. “It’s not always easy, especiallg when cash flow’s low,” Rice added.
“But at the end of the it’s nice knowing you’re not going to be getting some big credit card bill or fuel bill and wonderin g wherethe money’s going to come
Saturday, November 26, 2011
Kaleida buys 3 parcels for new project - Business First of Buffalo:
ihituvofy.wordpress.com
Kaleida paid $360,000 for the parcel s — located at the corner of Michigan Avenue and NortjStreet East, according to document s filed Monday afternoon in the Erie Countyt Clerk’s Office. The parcels were owned various members of theMackire family. The land will be used for the constructionh ofthe four-story, 200,000-square-foot skilled nursing facility that Kaleida hopes to begin construction this pending some final approvals from the City of Buffalo, includinyg the Buffalo Common Council.
“Thids project is consistent with the goals of theBerged Commission, as it closes two existing nursinv homes, reduces the bed count in the City of and most importantly, improves the quality of care for the said James Kaskie, Kaleida president and chief executive The facility is one of severalp development projects Kaleida has in its pipeline for the Buffalop Niagara Medical Campus including the construction of a Global Vascular Institutw that’s due to open in 2011.
Kaleida paid $360,000 for the parcel s — located at the corner of Michigan Avenue and NortjStreet East, according to document s filed Monday afternoon in the Erie Countyt Clerk’s Office. The parcels were owned various members of theMackire family. The land will be used for the constructionh ofthe four-story, 200,000-square-foot skilled nursing facility that Kaleida hopes to begin construction this pending some final approvals from the City of Buffalo, includinyg the Buffalo Common Council.
“Thids project is consistent with the goals of theBerged Commission, as it closes two existing nursinv homes, reduces the bed count in the City of and most importantly, improves the quality of care for the said James Kaskie, Kaleida president and chief executive The facility is one of severalp development projects Kaleida has in its pipeline for the Buffalop Niagara Medical Campus including the construction of a Global Vascular Institutw that’s due to open in 2011.
Thursday, November 24, 2011
Racing newsmaker: Tony Stewart - The Augusta Chronicle
http://abacondelta.com/news/2011/spanish-luxury-property-market-resilient-analysis-suggests.html
Kansas City Star | Racing newsmaker: Tony Stewart The Augusta Chronicle Terry Renna/Associated Press Tony Stewart smiles in the garage before practice for the NASCAR Ford 400 Sprint Cup Series race at Homestead-Miami Speedway in Homestead, Fla. He did that and won NASCAR's tiebreaker with Carl Edwards. ... NASCAR opens and closes 2011 season with a bang Excellent Chase to final race Smoke turned up heat on Carl Edwards in Chase |
Tuesday, November 22, 2011
Lackland to gain 74,000 sf training complex - Triangle Business Journal:
jaqezuweg.blogspot.com
million contract to build a new airfield maintenancee technical training complex at Lackland AirForcr Base. The complex will support the Inter-Americanm Air Forces Academy at Lackland. The government will build a 74,00o square foot complex at Lackland that willhousr classrooms, aircraft operations and hangar maintenance traininfg areas as well as administrativde space. The project is slated for completion in the fallof 2010.
The Inter-American Air Forces Academy currently offers this training at Port San the former Kelly Air Force By relocating technical training from Port San Antonio to Lackland, Port San Antonio officials hope to reuse that spacde for additional commercial development opportunities. The militaryg is developing this complex as part of the 2005 San Antonil Base Realignment and Closure construction program. In all, the governmenf expects to spend morethan $2 billion on BRAC-related The Air Force Center for Engineeringy and the Environment selected Plymouth Meeting, Pa.-basecd AMEC Earth & Environmental Inc.
as the Construction will be coordinated out ofthe company’sw San Antonio office. The Fort Worth District office ofthe U.S. Army Corpsw of Engineers will provideconstruction management.
million contract to build a new airfield maintenancee technical training complex at Lackland AirForcr Base. The complex will support the Inter-Americanm Air Forces Academy at Lackland. The government will build a 74,00o square foot complex at Lackland that willhousr classrooms, aircraft operations and hangar maintenance traininfg areas as well as administrativde space. The project is slated for completion in the fallof 2010.
The Inter-American Air Forces Academy currently offers this training at Port San the former Kelly Air Force By relocating technical training from Port San Antonio to Lackland, Port San Antonio officials hope to reuse that spacde for additional commercial development opportunities. The militaryg is developing this complex as part of the 2005 San Antonil Base Realignment and Closure construction program. In all, the governmenf expects to spend morethan $2 billion on BRAC-related The Air Force Center for Engineeringy and the Environment selected Plymouth Meeting, Pa.-basecd AMEC Earth & Environmental Inc.
as the Construction will be coordinated out ofthe company’sw San Antonio office. The Fort Worth District office ofthe U.S. Army Corpsw of Engineers will provideconstruction management.
Sunday, November 20, 2011
Big plans at Moffett Field - Silicon Valley / San Jose Business Journal:
nadezhdaqedyxos.blogspot.com
The University of California, Santa Cruz and the Foothill-De Anza Communituy College District are the driving forcesx behindthe $1 billion project. The schools have formed a nonprofift organization called University Associates Silicon Valley LLC and have signesa 99-year land lease with the Nationapl Aeronautics and Space Administration at an undisclosed It’s envisioned as a project that will be powered largely by solarf and wind technology, dramatically reduce water use and minimizee driving among students, workers and The 75-acre, multiple-use project will include housing, academic classrooms and laboratories, and light-industrial space for cleantech firms.
The campus is planned for a portiomn of the NASA Research Park on the formefr Moffett Field Naval Air Station nearMountain View. It’s situated just north of U.S. Highwau 101, adjacent to the park’sw Shenandoah Plaza historic districtand soon-to-be-restored Hangatr One, and it could be ready for occupancy as early as 2014. It will be an “integratedd community featuring state-of-the-art research and teaching shared classrooms, housing, accommodations for industrial andmodern infrastructure,” according to UC Santa Cruz Santa Clara University and Carnegiwe Mellon University of Pittsburgh are expected to join the partnership in the near All four of the currenr and anticipated University Associatees participants now have small cooperativr educational programs at NASA Ames.
In addition, UC Santa Cruz Chancelloe George Blumenthal indicated a unnamed California State Universitg campus is in negotiation to jointhe consortium. Although the universitiees will fund the initial planning and design of the construction will be paid for with private financinv througha yet-to-be-chosen “master that will seek capital investment, accordingh to University Associates. UC Santa Cruz officialsx said thecenter site, now a combination of open land and old will need about $100 million of infrastructure improvements.
“Theree is really nothing that comes close tothis ‘meta-university’ said Steven Zornetzer, associate center director of NASA Ames Researcn Center at Moffett Field. “It will be a very sophisticatefd centerof learning, from community colleg e to post-doctoral education. It will serve as a pipeline for future employees not onlyfor NASA, but for all of Silicohn Valley.” Zornetzer said the averagew age of the 3,000 employees and contractt workers who presently work at NASA Ames Researcg Center, which conducts aeronautical, life space science and technology research, is 50.
“We have a lot of employeesx moving closer toretirement age, so having a pipelinwe to young talent is very important for he said. Blumenthal said the center will cementhis school’s status as the “U of Silicon Valley.” “We already have a number of programws there (at NASA Ames Research but this project associates us with very important partners, includingv our sister universities, which allows us to do thingx we wouldn’t be able to do Blumenthal said.
Blumenthal said he envisionsz doctoraland master’s degree programs being offerec by UC Santa Cruz at the future as well as development of a new school of Martha Kanter, chancellor of the Foothill-De Anza district, said the projecr gives the educational institutions an opportunity to work togethed in new ways. Blumenthal said in the curren climate of recession and chronic statebudget cuts, universities must rely on private funding to pay for such majod development projects. James Morris, dean of Carnegier Mellon’s Silicon Valley Campus at NASA Ames, said this is an opportunityg to doublethe school’s current student capacituy from 150 to 300.
“Wre are already attracting people from throughouty the world who have hear d of Carnegie Mellon and Silicon Valley, but a greatly expanded program will be that much more he said. Morris said his university’s existing locall campus appeals to prospective students who realize they can combinr a Carnegie Mellon education and a SiliconValley setting. “People are attracted to the better weather and close proximity to the high tech he said. Santa Clarq University is also involved withthe four-school but administrators declined comment, sayinh it is “too early in the process.
” The proposeds project must now go through the design process and be judgedf in compliance with provisions of the Californiza Environmental Quality Act. Because the project is locates onfederal land, ultimate approva rests with NASA officials. Ellis Berns, Mountain View community development saidhis city’s officiala have reviewed the early stages of the project but will have no officiaol role in its planning “It sounds like a terrific use for the and it’s wonderful to see the universitie collaborating on this,” Berns said. UC Santaz Cruz’s Blumenthal would agree.
“Our vision is to seed entrepreneurship and sustainability through the creativr reuse of an important publifc asset forregional benefit,” he said. “Wd aim to establish world-class programs and facilities dedicatef to preparing the work force of the futurre and to conducting research at the forefront of sciencdeand technology.”
The University of California, Santa Cruz and the Foothill-De Anza Communituy College District are the driving forcesx behindthe $1 billion project. The schools have formed a nonprofift organization called University Associates Silicon Valley LLC and have signesa 99-year land lease with the Nationapl Aeronautics and Space Administration at an undisclosed It’s envisioned as a project that will be powered largely by solarf and wind technology, dramatically reduce water use and minimizee driving among students, workers and The 75-acre, multiple-use project will include housing, academic classrooms and laboratories, and light-industrial space for cleantech firms.
The campus is planned for a portiomn of the NASA Research Park on the formefr Moffett Field Naval Air Station nearMountain View. It’s situated just north of U.S. Highwau 101, adjacent to the park’sw Shenandoah Plaza historic districtand soon-to-be-restored Hangatr One, and it could be ready for occupancy as early as 2014. It will be an “integratedd community featuring state-of-the-art research and teaching shared classrooms, housing, accommodations for industrial andmodern infrastructure,” according to UC Santa Cruz Santa Clara University and Carnegiwe Mellon University of Pittsburgh are expected to join the partnership in the near All four of the currenr and anticipated University Associatees participants now have small cooperativr educational programs at NASA Ames.
In addition, UC Santa Cruz Chancelloe George Blumenthal indicated a unnamed California State Universitg campus is in negotiation to jointhe consortium. Although the universitiees will fund the initial planning and design of the construction will be paid for with private financinv througha yet-to-be-chosen “master that will seek capital investment, accordingh to University Associates. UC Santa Cruz officialsx said thecenter site, now a combination of open land and old will need about $100 million of infrastructure improvements.
“Theree is really nothing that comes close tothis ‘meta-university’ said Steven Zornetzer, associate center director of NASA Ames Researcn Center at Moffett Field. “It will be a very sophisticatefd centerof learning, from community colleg e to post-doctoral education. It will serve as a pipeline for future employees not onlyfor NASA, but for all of Silicohn Valley.” Zornetzer said the averagew age of the 3,000 employees and contractt workers who presently work at NASA Ames Researcg Center, which conducts aeronautical, life space science and technology research, is 50.
“We have a lot of employeesx moving closer toretirement age, so having a pipelinwe to young talent is very important for he said. Blumenthal said the center will cementhis school’s status as the “U of Silicon Valley.” “We already have a number of programws there (at NASA Ames Research but this project associates us with very important partners, includingv our sister universities, which allows us to do thingx we wouldn’t be able to do Blumenthal said.
Blumenthal said he envisionsz doctoraland master’s degree programs being offerec by UC Santa Cruz at the future as well as development of a new school of Martha Kanter, chancellor of the Foothill-De Anza district, said the projecr gives the educational institutions an opportunity to work togethed in new ways. Blumenthal said in the curren climate of recession and chronic statebudget cuts, universities must rely on private funding to pay for such majod development projects. James Morris, dean of Carnegier Mellon’s Silicon Valley Campus at NASA Ames, said this is an opportunityg to doublethe school’s current student capacituy from 150 to 300.
“Wre are already attracting people from throughouty the world who have hear d of Carnegie Mellon and Silicon Valley, but a greatly expanded program will be that much more he said. Morris said his university’s existing locall campus appeals to prospective students who realize they can combinr a Carnegie Mellon education and a SiliconValley setting. “People are attracted to the better weather and close proximity to the high tech he said. Santa Clarq University is also involved withthe four-school but administrators declined comment, sayinh it is “too early in the process.
” The proposeds project must now go through the design process and be judgedf in compliance with provisions of the Californiza Environmental Quality Act. Because the project is locates onfederal land, ultimate approva rests with NASA officials. Ellis Berns, Mountain View community development saidhis city’s officiala have reviewed the early stages of the project but will have no officiaol role in its planning “It sounds like a terrific use for the and it’s wonderful to see the universitie collaborating on this,” Berns said. UC Santaz Cruz’s Blumenthal would agree.
“Our vision is to seed entrepreneurship and sustainability through the creativr reuse of an important publifc asset forregional benefit,” he said. “Wd aim to establish world-class programs and facilities dedicatef to preparing the work force of the futurre and to conducting research at the forefront of sciencdeand technology.”
Friday, November 18, 2011
John Liu's Credibility - New York Times
stages-paddocks.blogspot.com
New York Daily News | John Liu's Credibility New York Times He will have no credibility if he cannot clean up his own political operation. A version of this editorial appeared in print on November 18, 2011, on page A32 of the New York edition with the headline: John Liu's Credibility. New Scrutiny Clouds Role for Watchdog< p size="-1" color="#6f6f6f"> |
Wednesday, November 16, 2011
Salaries for Niagara County teachers - Triangle Business Journal:
sasutezew.blogspot.com
for an explanation of these listings. • Barkef -- Start: $36,972 (29). Median: $55,718 Peak: $84,673 (16). • Lewiston-Porter -- $40,971 (6). Median: $58,397 (7). $78,732 (43). • Lockport -- Start: $37,112 (27). Median: $54,769 Peak: $81,257 (32). • Newfane -- $37,392 (25). Median: $48,318 (48). $83,824 (19). • Niagara Falls -- Start: $42,26t5 (1). Median: $57,372 (10). Peak: $83,469 (22). Niagara-Wheatfield -- Start: $41,427 (4). Median: $56,13 (12). Peak: $83,901 (18). • North Tonawandaq -- Start: $41,214 (5). Median: $62,0489 (2). Peak: $83,375 • Royalton-Hartland -- $34,557 (59). Median: $48,413 Peak: $78,008 (46).
• Starpoint -- Start: $38,518 (14). Median: $49,966 (31). Peak: $82,721 (24). Wilson -- Start: $35,301 (50). Median: $50,293 (27). $84,926 (15). to proceed to the salaruy chart for teachers in theSouthern Tier.
for an explanation of these listings. • Barkef -- Start: $36,972 (29). Median: $55,718 Peak: $84,673 (16). • Lewiston-Porter -- $40,971 (6). Median: $58,397 (7). $78,732 (43). • Lockport -- Start: $37,112 (27). Median: $54,769 Peak: $81,257 (32). • Newfane -- $37,392 (25). Median: $48,318 (48). $83,824 (19). • Niagara Falls -- Start: $42,26t5 (1). Median: $57,372 (10). Peak: $83,469 (22). Niagara-Wheatfield -- Start: $41,427 (4). Median: $56,13 (12). Peak: $83,901 (18). • North Tonawandaq -- Start: $41,214 (5). Median: $62,0489 (2). Peak: $83,375 • Royalton-Hartland -- $34,557 (59). Median: $48,413 Peak: $78,008 (46).
• Starpoint -- Start: $38,518 (14). Median: $49,966 (31). Peak: $82,721 (24). Wilson -- Start: $35,301 (50). Median: $50,293 (27). $84,926 (15). to proceed to the salaruy chart for teachers in theSouthern Tier.
Sunday, November 13, 2011
Hudson & Marshall foreclosure auction to feature 27 Triangle homes - Houston Business Journal:
http://centerstreetmortgage.com/?p=379
The Triangle auction, conducted by auction company , will be held on at 1 p.m. at June 27 in the Hilton North Raleigh, 3415 Wake Forest All of the homes in the auction will besold “as-is.” Buyerws who wish to inspectg properties before bidding may view homes durin an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactiny the listing agent foran appointment. Propertyy and listing agent information is available onHudsoh & Marshall’s Web site, All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiesd check deposit of $2,500 for each property. 826 Carte Ave. Durham; 101 Wake St.
Dunn; 1526 Park Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancaste r St., Rocky Mount; 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmonr Ave., Durham; 740 North White St., Wake Forest; 3033 Slocomb Rd., Linden; 400 Charlotte St., Roanoker Rapids; Tract 3 Redding Oxford; 5724 Greenpine Road, Cedadr Grove; 700 South Roxboro St., Durham; 100 Waymon Way, Clayton; 210 Barnez St., Fremont; 400 Melton Road, Rocky 104 Jones Court, Princeville; 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddux Pikeville; 210 Hardingwood Drive, Goldsboro; 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Willow Spring; 5526 Spring House Lane, Chapelk Hill; 2515 Moores Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.
The Triangle auction, conducted by auction company , will be held on at 1 p.m. at June 27 in the Hilton North Raleigh, 3415 Wake Forest All of the homes in the auction will besold “as-is.” Buyerws who wish to inspectg properties before bidding may view homes durin an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactiny the listing agent foran appointment. Propertyy and listing agent information is available onHudsoh & Marshall’s Web site, All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiesd check deposit of $2,500 for each property. 826 Carte Ave. Durham; 101 Wake St.
Dunn; 1526 Park Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancaste r St., Rocky Mount; 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmonr Ave., Durham; 740 North White St., Wake Forest; 3033 Slocomb Rd., Linden; 400 Charlotte St., Roanoker Rapids; Tract 3 Redding Oxford; 5724 Greenpine Road, Cedadr Grove; 700 South Roxboro St., Durham; 100 Waymon Way, Clayton; 210 Barnez St., Fremont; 400 Melton Road, Rocky 104 Jones Court, Princeville; 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddux Pikeville; 210 Hardingwood Drive, Goldsboro; 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Willow Spring; 5526 Spring House Lane, Chapelk Hill; 2515 Moores Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.
Friday, November 11, 2011
Utah mayor used alias to write upbeat news stories - Boston.com
gardellaorymiid1354.blogspot.com
Boston.com | Utah mayor used alias to write upbeat news stories Boston.com "I'm trying to stand up for us because we do get the short end of the stick -- negative stories." Winder had been writing under the name Richard Burwash, an alias he actually swiped from a real man -- a one-time professional tennis player from ... |
Wednesday, November 9, 2011
Employers step up fight against health costs - Dallas Business Journal:
ramoledef.blogspot.com
Health insurers say employer demane for new plan optionais rising. Meanwhile, health insurance brokers say an increasingy number of companies want out of theidr old insurance plans before their contracts areeven up. “Employerxs are coming to me and saying, ‘I can’gt wait, I can’t affordf it, I need you to get this down 20percen now,’ ” said Mike McKenna, owner of the Southborough-base broker group .
It’s easy to see why: Current cost increases for companiexs renewing the same plan as last year are up betweenj 9 percent and 12 percenrt atthe state’s four largest insurers, according to official at , Harvard Pilgrim Health Plan, Tuftx Health Plan and Fallon Community Healtb Plan. In addition, Blue Cross Blue Shielde is reporting cost increases of 13 percenf to 15 percent for the individual and smallkgroup market, which includes small businesses. To escape these increases, droves of employers are switchinygto so-called consumer-directed plans.
Blue Cross Blue Shield, for reports that enrollment inits consumer-directed including high-deductible plans, rose to 240,000 membersa at the end of the first quarter of 2009 from 170,00p0 members at the start of the fourty quarter of 2008. Deductibles are generally paid by But brokers like McKenna are also workinyg on creative arrangements that can reducew employer costs without shifting too much of the burdejnto workers. “I like to sleep at night,” Tom CFO at Cambridge-based architectural firm Bruner-Cott, said aboutt his efforts to keepa high-quality plan without “bankrupting” the compangy or the employees.
A few yearsz ago Travers decided Bruner-Cott would switch to a healtj plan witha $1,000 deductible, but would reimburse the full amountt to employees. The company has found that only 40 percent of employees use thefull deductible, and the compang saved 20 to 25 percent on its yearly premium last But now the company needs to cut cost s further. Bruner-Cott is considering signing on to a plan next year with a highe r deductible and sharing those costs withthe employees. The compan y would take on a $3,000 pay the first $1,000 and have the employee pay the next The company would then pick up thethir $1,000.
Travers estimates fewer than a third of employees woulsd end up paying that second Another option for employers is to choose a plan that offers a limitee network of providers at alower cost. Fallobn Community Health Plan executives say membership in its limitecnetwork plan, called Direct has risen 14 percent since the start of the One of the employers that has recently made the switc h is Worcester-based Seven Hills Foundation, which providese services to disabled and low-income people. “Ws were going to have to increase workers’ premiu costs by $30 per pay period. They can’t afforx that.
These people don’t make that much money,” said Chief Operating Officer Joe Tosches. Toscheds said the Direct Care plan is reducinfg the monthly cost of a familhy plan toapproximately $770 from the $1,050p he pays for a traditionall HMO plan. So far, 300 employees out of 1,00o have joined the Direct Care plan. Some employers have decidedf the best route to go is to get rid of theifrinsurer altogether. Particularly for larger the option to take on the full risk of the claimss by enteringa self-insured arrangement may provide the most Nationwide, 55 percent of insured workers are covered by self-insuref plans, up from 44 percent 10 years ago, according to the .
One such employedr is MetroWestMedical Center. Becky Heffernan, the center’s huma resources director, decided to move the compan toa self-insured arrangement last year. For the firsr year, Heffernan said she expects costs to increases by about 3 or 4 percentage points less than withthe company’zs old insurance plan, and she expect s greater savings in the second year. In preparation for the move to self-insurance, Heffernanb contracted with a wellness program to encourage workers to adopt healthy behaviors in the hopes of keeping insurancewclaims down. “We had to do somethinfg to escapethe double-digit increases every year,” Heffernan said.
Health insurers say employer demane for new plan optionais rising. Meanwhile, health insurance brokers say an increasingy number of companies want out of theidr old insurance plans before their contracts areeven up. “Employerxs are coming to me and saying, ‘I can’gt wait, I can’t affordf it, I need you to get this down 20percen now,’ ” said Mike McKenna, owner of the Southborough-base broker group .
It’s easy to see why: Current cost increases for companiexs renewing the same plan as last year are up betweenj 9 percent and 12 percenrt atthe state’s four largest insurers, according to official at , Harvard Pilgrim Health Plan, Tuftx Health Plan and Fallon Community Healtb Plan. In addition, Blue Cross Blue Shielde is reporting cost increases of 13 percenf to 15 percent for the individual and smallkgroup market, which includes small businesses. To escape these increases, droves of employers are switchinygto so-called consumer-directed plans.
Blue Cross Blue Shield, for reports that enrollment inits consumer-directed including high-deductible plans, rose to 240,000 membersa at the end of the first quarter of 2009 from 170,00p0 members at the start of the fourty quarter of 2008. Deductibles are generally paid by But brokers like McKenna are also workinyg on creative arrangements that can reducew employer costs without shifting too much of the burdejnto workers. “I like to sleep at night,” Tom CFO at Cambridge-based architectural firm Bruner-Cott, said aboutt his efforts to keepa high-quality plan without “bankrupting” the compangy or the employees.
A few yearsz ago Travers decided Bruner-Cott would switch to a healtj plan witha $1,000 deductible, but would reimburse the full amountt to employees. The company has found that only 40 percent of employees use thefull deductible, and the compang saved 20 to 25 percent on its yearly premium last But now the company needs to cut cost s further. Bruner-Cott is considering signing on to a plan next year with a highe r deductible and sharing those costs withthe employees. The compan y would take on a $3,000 pay the first $1,000 and have the employee pay the next The company would then pick up thethir $1,000.
Travers estimates fewer than a third of employees woulsd end up paying that second Another option for employers is to choose a plan that offers a limitee network of providers at alower cost. Fallobn Community Health Plan executives say membership in its limitecnetwork plan, called Direct has risen 14 percent since the start of the One of the employers that has recently made the switc h is Worcester-based Seven Hills Foundation, which providese services to disabled and low-income people. “Ws were going to have to increase workers’ premiu costs by $30 per pay period. They can’t afforx that.
These people don’t make that much money,” said Chief Operating Officer Joe Tosches. Toscheds said the Direct Care plan is reducinfg the monthly cost of a familhy plan toapproximately $770 from the $1,050p he pays for a traditionall HMO plan. So far, 300 employees out of 1,00o have joined the Direct Care plan. Some employers have decidedf the best route to go is to get rid of theifrinsurer altogether. Particularly for larger the option to take on the full risk of the claimss by enteringa self-insured arrangement may provide the most Nationwide, 55 percent of insured workers are covered by self-insuref plans, up from 44 percent 10 years ago, according to the .
One such employedr is MetroWestMedical Center. Becky Heffernan, the center’s huma resources director, decided to move the compan toa self-insured arrangement last year. For the firsr year, Heffernan said she expects costs to increases by about 3 or 4 percentage points less than withthe company’zs old insurance plan, and she expect s greater savings in the second year. In preparation for the move to self-insurance, Heffernanb contracted with a wellness program to encourage workers to adopt healthy behaviors in the hopes of keeping insurancewclaims down. “We had to do somethinfg to escapethe double-digit increases every year,” Heffernan said.
Monday, November 7, 2011
Mobclix deal with Gap is latest chapter in startup's success - Los Angeles Business from bizjournals:
ycoguqi.wordpress.com
Partner with and launch a contest for applicationn developers to design the next big iPhonr application for the iconicretaiol brand. For , the Gap contest is the most recentr good newsin what’s proving to be a good year in the mobilr app space for the young company. It’s the only mobilee app platform thatprovides analytics, monetization through advertisingh and distribution for application developers.
About 3,500 iPhone applicationsx now use Mobclix’ After being featured in the Business Journal’s Pitchn section, the fledgling year-old company was able to close an angelo roundof funding, and it is looking to be profitablew in the next six to eight The company has 20 people working at its officees in the Palo Alto-basef Plug and Play Tech Center. It is also addingf a number of internas overthe summer. Working with app developersx “takes a lot of educatiom and hand-holding,” said Mobclix co-founder Krishnw Subramanian.
“In the iPhone app world, therde is a new wave of developerxs who are very excited abougt the space and traffic and Onlythey don’t know how much money they should be he said. But the market is maturing, he said. A developef doesn’t have the same budget as a brand, but many are beginninbg to realize the value of advertisinyg because incrementally they get more downloads asa “They’re asking, ‘Does it make sense to put out a .99-cenyt app, or will users play this for three months and we can also make more moneh off the ad revenue?’” Subramanianm said.
“We’re seeing a viral and it comes down to givint developers the features they need to help them with optimizatiomn and the analyticsto cross-check the data.” For app developer Mike president of FlipSide5, whose gamexs include Mancala, Oort Storm and Touch Hockey, Mobclis offers rates higher than most otheer ad networks, as well as the platforkm for app development “They offere a lot of things the others don’t, such as Facebook integration, and Twitter integration, and widgetes so people can see and self-promote games,” Sanford “They are very unique in how they operatew and what they offer.
”
Partner with and launch a contest for applicationn developers to design the next big iPhonr application for the iconicretaiol brand. For , the Gap contest is the most recentr good newsin what’s proving to be a good year in the mobilr app space for the young company. It’s the only mobilee app platform thatprovides analytics, monetization through advertisingh and distribution for application developers.
About 3,500 iPhone applicationsx now use Mobclix’ After being featured in the Business Journal’s Pitchn section, the fledgling year-old company was able to close an angelo roundof funding, and it is looking to be profitablew in the next six to eight The company has 20 people working at its officees in the Palo Alto-basef Plug and Play Tech Center. It is also addingf a number of internas overthe summer. Working with app developersx “takes a lot of educatiom and hand-holding,” said Mobclix co-founder Krishnw Subramanian.
“In the iPhone app world, therde is a new wave of developerxs who are very excited abougt the space and traffic and Onlythey don’t know how much money they should be he said. But the market is maturing, he said. A developef doesn’t have the same budget as a brand, but many are beginninbg to realize the value of advertisinyg because incrementally they get more downloads asa “They’re asking, ‘Does it make sense to put out a .99-cenyt app, or will users play this for three months and we can also make more moneh off the ad revenue?’” Subramanianm said.
“We’re seeing a viral and it comes down to givint developers the features they need to help them with optimizatiomn and the analyticsto cross-check the data.” For app developer Mike president of FlipSide5, whose gamexs include Mancala, Oort Storm and Touch Hockey, Mobclis offers rates higher than most otheer ad networks, as well as the platforkm for app development “They offere a lot of things the others don’t, such as Facebook integration, and Twitter integration, and widgetes so people can see and self-promote games,” Sanford “They are very unique in how they operatew and what they offer.
”
Saturday, November 5, 2011
Ludwig will return to jail, probation official says - Greenville News
xoqylyjibo.wordpress.com
Ludwig will return to jail, probation official says Greenville News In a bond hearing Friday on the criminal domestic violence charge, Ludwig's wife, Shannon Ludwig, told the judge that her husband's latest arrest for criminal domestic violence is the result of her being pressured by police â€" a contention the city's ... UPDATE: Judge Sets $15000 Bond for John Ludwig Attor ney: Ludwig, wife have happy marriage John Ludwig Jailed Again |
Thursday, November 3, 2011
Money woes mount for BankUnited - South Florida Business Journal:
efiosyt.blogspot.com
BankUnited’s first quarter net interest incom – widely equated to revenue in the bankinbgworld – was minus $2.3 according to its preliminary filing with the on The figure does not include the resultx of the parent company, Coral Gables-based (NASDAQ: Meanwhile, federal regulators have moved the deadlined for bids to acquire BankUnited from Thursday to next according to a source. Much of the maneuvering deal with whether former Chairman and CEO AlfrefCamner – the largest shareholder in the parent compan – would be involved in the company’sa future or receive anything of value for his a source said.
If the bank is put into shareholders may not receive a AttorneyKendall Coffey, who represents the Camner family, declined to commentr on the future of BankUnited. BankUnited sharew have shown volatility and heavy trading this On Thursday, 21.98 million share s traded, following 14.6 million on Wednesday and 15.85 millionm on Tuesday. The stock only has 30.63 milliomn shares as a public float, so many shares may be tradinf multiple times ina day. Priceds this month have bounced from a low of 28 cents on May 1 to a highof $1.74r on Tuesday. On Friday, shares were down 7 cents to 81 centsin mid-afternoon trading on volume of 4.9 million shares.
bidders must evaluate the value of apotential purchase. The negativse net interest margin is rareamong banks. Having high net interest incomer as a percentage of the assets of the bank is a core measurde ofa bank’s Losses from bad loans are subtracted from the income marginb most banks get from collectinb more from loan interest than they pay out in However, those fundamentals were upside down at In the first quarter, the bank collected $126.r4 million in interest on mortgages and investments in mortgage-backerd securities while paying out $128.
7 million in interesgt to customers on deposits and to the (FHLB) on a loan to The FHLB loans moneh to banks, which, in turn, are expectef to lend out at higher interest ratese than they are paying the FHLB. BankUnited’s net interesft income has nosedived during the past year as itofferec high-rate certificates of deposits whilew loan interest rates fell. The bank generated $82.1q million in net interest income in the firsft quarterof 2008. Its net interes t income droppedto $15.1 million in the fourth before turning negative in the firsgt quarter of 2009.
It did not help that BankUnitedhad $478 millio more in liabilities – which includes deposits and loans that cost it moneyh – than it had in which should earn the bank interes t income. BankUnited’s $13.14 billion in assets included abour $2.64 billion not earningb interest, such as repossessed real late and unpaid loans and the reserve for futurrloan losses. On the othert side of the equation, BankUnited’s $8.79 billion in deposits includedonly $328 million that were not payingt interest to depositors. That meanas many of its depositswere costly.
Having so many high-ratwe deposits diminishes the franchise value ofthe bank, Miami-based bankinh analyst and economist Kenneth H. Thomas However, he believes BankUnited still has good franchisd value because its 86 branches in the attractive Floridq market hold a higher average of deposite per branch than most other The bank’s other main sourced of potential revenue – noninterest income – was negative $27 millionj in the first quarter. That included spending $13 million on the operationsx and sale ofrepossessed assets.
Despite the urgent pressur e on BankUnited to preserve capital as it seekxsan investment, the bank’s noninterest expense s – the operational expenses of the business – increaserd to $77.2 million from $63.1 million in the fourthu quarter. The bank cut 15 employees during the quartere to endat 1,083, but its personnel and compensationm expenses increased by $1.5 million to $20.7 million.
BankUnited’s first quarter net interest incom – widely equated to revenue in the bankinbgworld – was minus $2.3 according to its preliminary filing with the on The figure does not include the resultx of the parent company, Coral Gables-based (NASDAQ: Meanwhile, federal regulators have moved the deadlined for bids to acquire BankUnited from Thursday to next according to a source. Much of the maneuvering deal with whether former Chairman and CEO AlfrefCamner – the largest shareholder in the parent compan – would be involved in the company’sa future or receive anything of value for his a source said.
If the bank is put into shareholders may not receive a AttorneyKendall Coffey, who represents the Camner family, declined to commentr on the future of BankUnited. BankUnited sharew have shown volatility and heavy trading this On Thursday, 21.98 million share s traded, following 14.6 million on Wednesday and 15.85 millionm on Tuesday. The stock only has 30.63 milliomn shares as a public float, so many shares may be tradinf multiple times ina day. Priceds this month have bounced from a low of 28 cents on May 1 to a highof $1.74r on Tuesday. On Friday, shares were down 7 cents to 81 centsin mid-afternoon trading on volume of 4.9 million shares.
bidders must evaluate the value of apotential purchase. The negativse net interest margin is rareamong banks. Having high net interest incomer as a percentage of the assets of the bank is a core measurde ofa bank’s Losses from bad loans are subtracted from the income marginb most banks get from collectinb more from loan interest than they pay out in However, those fundamentals were upside down at In the first quarter, the bank collected $126.r4 million in interest on mortgages and investments in mortgage-backerd securities while paying out $128.
7 million in interesgt to customers on deposits and to the (FHLB) on a loan to The FHLB loans moneh to banks, which, in turn, are expectef to lend out at higher interest ratese than they are paying the FHLB. BankUnited’s net interesft income has nosedived during the past year as itofferec high-rate certificates of deposits whilew loan interest rates fell. The bank generated $82.1q million in net interest income in the firsft quarterof 2008. Its net interes t income droppedto $15.1 million in the fourth before turning negative in the firsgt quarter of 2009.
It did not help that BankUnitedhad $478 millio more in liabilities – which includes deposits and loans that cost it moneyh – than it had in which should earn the bank interes t income. BankUnited’s $13.14 billion in assets included abour $2.64 billion not earningb interest, such as repossessed real late and unpaid loans and the reserve for futurrloan losses. On the othert side of the equation, BankUnited’s $8.79 billion in deposits includedonly $328 million that were not payingt interest to depositors. That meanas many of its depositswere costly.
Having so many high-ratwe deposits diminishes the franchise value ofthe bank, Miami-based bankinh analyst and economist Kenneth H. Thomas However, he believes BankUnited still has good franchisd value because its 86 branches in the attractive Floridq market hold a higher average of deposite per branch than most other The bank’s other main sourced of potential revenue – noninterest income – was negative $27 millionj in the first quarter. That included spending $13 million on the operationsx and sale ofrepossessed assets.
Despite the urgent pressur e on BankUnited to preserve capital as it seekxsan investment, the bank’s noninterest expense s – the operational expenses of the business – increaserd to $77.2 million from $63.1 million in the fourthu quarter. The bank cut 15 employees during the quartere to endat 1,083, but its personnel and compensationm expenses increased by $1.5 million to $20.7 million.
Tuesday, November 1, 2011
Diversity Diva | A person's disabilities can be tough to spot - Kansas City Star
vanbeekdulejos1771.blogspot.com
Diversity Diva | A person's disabilities can be tough to spot Kansas City Star Next up in my series on defining commonly used terms in the arena of workplace diversity: disability. This is a term that people bounce around a lot without having a clear idea of what it means. “Disability†is particularly ... |
Saturday, October 29, 2011
Sprint Cup qualifying at Martinsville rained out - ESPN
ysynut.wordpress.com
RacinToday.com | Sprint Cup qualifying at Martinsville rained out ESPN Roush Fenway Racing teammates Carl Edwards and Matt Kenseth couldn't have asked for a better scenario than rain washing out qualifying for Sunday's race at Martinsville Speedway. Edwards had never qualified better than seventh on the 0.526-mile oval, ... Edwards uneasy entering Martinsville 'Best-case' for Edwards, Kenseth thanks to rain The Day Roush Racing Teammates Had At It |
Thursday, October 27, 2011
UC Davis opens horse stem cell lab - Sacramento Business Journal:
omagyvoham.wordpress.com
The Regenerative Medicine Laboratory at theWilliajm R. Pritchard Veterinary Medical Teaching Hospital allowwfor processing, culturing and storing stem cella for horses.The stem-cell lab is one of only four and is available to clients and referrinv veterinarians. “We are excited to be able to offerd this new clinical servicre to our clients for their horses as a complemeny toour stem-cell research program,” veterinary medicinew school dean Bennie Osburn “Stem cell science is leading us into a new era in humanj and veterinary medicine.
” Regeneratives medicine involves creating living, functional tissues to repaif or replace tissues or organs that have been damageed by injury, disease or birth defects. Stem cells can be collected and become specificcell types, such as muscle, bloo and nerves. “The stem cell, with its ability to recreate, repait or revitalize damaged organsaor tissues, is rapidly changing all of said Gregory Ferraro, a veterinary professor and director of UC Center for Equine Health.
“The application of stem cell science to treating horses is advancing so quickly that with threee tofive years, the treatments that are currently beinfg provided for orthopedic repaifr in athletic horses will seem crude in hindsight.” The UC Davi lab will collect stem cells from the horse’ws own blood or bone marrow, and not embryoniv stem cells — a controversiakl issue for human and veterinary medicine. Horses have benefitedc from stem-cell therapy in recent years, especially from diseasees such as colic andneuromuscular degeneration, burns and otherr injuries.
“The marvelous thing about stem-cell therapt is that it holds the promise of a saidSean Owens, a veterinaru professor and director of the Regenerative Medicinr Laboratory. “We can use pharmacological medicine to alleviate the pain associated with orthopedic injuriesin horses, but only with biologicalp medicine such as stem-cell therapy can we actuall y repair the damage that has already been done.” The lab, locates on the first floor of the UC Davias William R. Pritchard Veterinary Medical Teachinyg Hospital, will support the clinical area of the veterinary stemcell program.
Private veterinarians can harvest stem cellw from the lab for their patientw and return the cells for processing or Some of the horsesundergoing stem-cell therapyy treatment could be referred to the teachin g hospital. Stem cell processing and treatment costs will The fee for processing and expansionj of a bone marrow sample will beabougt $1,800. Stem cell injectiona for most patients will costabout $1,500.
The Regenerative Medicine Laboratory at theWilliajm R. Pritchard Veterinary Medical Teaching Hospital allowwfor processing, culturing and storing stem cella for horses.The stem-cell lab is one of only four and is available to clients and referrinv veterinarians. “We are excited to be able to offerd this new clinical servicre to our clients for their horses as a complemeny toour stem-cell research program,” veterinary medicinew school dean Bennie Osburn “Stem cell science is leading us into a new era in humanj and veterinary medicine.
” Regeneratives medicine involves creating living, functional tissues to repaif or replace tissues or organs that have been damageed by injury, disease or birth defects. Stem cells can be collected and become specificcell types, such as muscle, bloo and nerves. “The stem cell, with its ability to recreate, repait or revitalize damaged organsaor tissues, is rapidly changing all of said Gregory Ferraro, a veterinary professor and director of UC Center for Equine Health.
“The application of stem cell science to treating horses is advancing so quickly that with threee tofive years, the treatments that are currently beinfg provided for orthopedic repaifr in athletic horses will seem crude in hindsight.” The UC Davi lab will collect stem cells from the horse’ws own blood or bone marrow, and not embryoniv stem cells — a controversiakl issue for human and veterinary medicine. Horses have benefitedc from stem-cell therapy in recent years, especially from diseasees such as colic andneuromuscular degeneration, burns and otherr injuries.
“The marvelous thing about stem-cell therapt is that it holds the promise of a saidSean Owens, a veterinaru professor and director of the Regenerative Medicinr Laboratory. “We can use pharmacological medicine to alleviate the pain associated with orthopedic injuriesin horses, but only with biologicalp medicine such as stem-cell therapy can we actuall y repair the damage that has already been done.” The lab, locates on the first floor of the UC Davias William R. Pritchard Veterinary Medical Teachinyg Hospital, will support the clinical area of the veterinary stemcell program.
Private veterinarians can harvest stem cellw from the lab for their patientw and return the cells for processing or Some of the horsesundergoing stem-cell therapyy treatment could be referred to the teachin g hospital. Stem cell processing and treatment costs will The fee for processing and expansionj of a bone marrow sample will beabougt $1,800. Stem cell injectiona for most patients will costabout $1,500.
Tuesday, October 25, 2011
Clergy Without Borders Embark on an Interfaith Caravan Trip - Huffington Post (blog)
mcfarlainofuqub1258.blogspot.com
Clergy Without Borders Embark on an Interfaith Caravan Trip Huffington Post (blog) An unusual vehicle is stuck in traffic on the highway from Nashville to Murfreesboro, TN It may look like an everyday passenger van but a glance inside tells a different story. Two imams, two rabbis and one evangelical pastor sit cheek-by-jowl with ... |
Sunday, October 23, 2011
US Bancorp reports 65 percent drop in Q4 profit - San Francisco Business Times:
boyanebyboqasavo.blogspot.com
The bank, long viewed as among the nation’z strongest, saw its stoc dive on the news before rebounding by the end of tradin g inNew York. The bank’s shares gained 50 cents, or 3 to close at $15.84. Minneapolis-based U.S. Bancorlp (NYSE: USB) reported net income of $330 or 15 cents per share, in fourthn quarter 2008, compared with $942 million or 53 centzs per share in the fourth quarterof 2007. The a major player in Bay Area banking, blamed the drop in profitz on challenging market conditions in the fourtb quarterof 2008, when it recorded $253 million in securitiesw losses and boosted loan-loss provisions.
The long known for its conservative lending experienced a sharp increasde introubled loans, signaling more trouble aheads for other banks as unemployment rises. U.S. bank increased its loan-losa provision more than five-fold from a year ago, to $1.27 billion. The provision rose 69 percenf from theprior quarter. The bank’s net charge-offs jumped to 1.42 percent of average loansz from 0.59 percent a year ago and 1.19% in the prior quarter. Nonperforming assets, which are troublecd loans at an earlier stage inthe charge-ofvf cycle, rose to 1.14 percent of loands from 0.88 percent in the prior quarter.
Highlightxs from the quarter included average loan growth of 17 compared to the fourth quarterof 2007. Depositd grew at the bank by 14.2 percent compared to the same quartef ayear ago. “Once again, the company’s results for the quartedr reflected both the strength of our bankinh franchise andbusiness mix, and the challenges facin g our industry today, including rising credit costsx and market valuation risk,” said CEO Richard Davis in a “The results were marked by outstandingg growth in loans and deposits and an expandecd net interest margin, but tempered by the unfavorablde impact of higher credit losses and securitiezs impairments.
”
The bank, long viewed as among the nation’z strongest, saw its stoc dive on the news before rebounding by the end of tradin g inNew York. The bank’s shares gained 50 cents, or 3 to close at $15.84. Minneapolis-based U.S. Bancorlp (NYSE: USB) reported net income of $330 or 15 cents per share, in fourthn quarter 2008, compared with $942 million or 53 centzs per share in the fourth quarterof 2007. The a major player in Bay Area banking, blamed the drop in profitz on challenging market conditions in the fourtb quarterof 2008, when it recorded $253 million in securitiesw losses and boosted loan-loss provisions.
The long known for its conservative lending experienced a sharp increasde introubled loans, signaling more trouble aheads for other banks as unemployment rises. U.S. bank increased its loan-losa provision more than five-fold from a year ago, to $1.27 billion. The provision rose 69 percenf from theprior quarter. The bank’s net charge-offs jumped to 1.42 percent of average loansz from 0.59 percent a year ago and 1.19% in the prior quarter. Nonperforming assets, which are troublecd loans at an earlier stage inthe charge-ofvf cycle, rose to 1.14 percent of loands from 0.88 percent in the prior quarter.
Highlightxs from the quarter included average loan growth of 17 compared to the fourth quarterof 2007. Depositd grew at the bank by 14.2 percent compared to the same quartef ayear ago. “Once again, the company’s results for the quartedr reflected both the strength of our bankinh franchise andbusiness mix, and the challenges facin g our industry today, including rising credit costsx and market valuation risk,” said CEO Richard Davis in a “The results were marked by outstandingg growth in loans and deposits and an expandecd net interest margin, but tempered by the unfavorablde impact of higher credit losses and securitiezs impairments.
”
Friday, October 21, 2011
New College sells off site it had wanted for dorms - San Francisco Business Times:
zlatkopaisley1275.blogspot.com
Now much of that property is being sold. Most New College unloaded 610Fillmore St., a former residentiapl hotel the school had hoped to transform into a 42-roonm dormitory with a few classrooms. The price for the propertuy was $3.4 million; the new ownefr is Prana Investments. This 13,592-square-foot property has 53 roomz andnine bathrooms. The property was in foreclosure and the collegreowed $2.8 million on the loan. According to publid documents, New College had conditionakl approval from the San Francisco Planning Commissiohn to convert the 1907 Edwardian residentia hotel on the corner of Fell and Fillmores streets in the Alamoi Square neighborhood to 42 dormitory unitsplus classrooms.
The sale comesa as Dan McGue of Paragon seekss a tenant forNew College’s former law schookl building at 50 Fell St. The 25,000-square-foot office building is occupied byLegal Aid, whic h has 7,200 square feet and pays about $27 a square foot in rent. The balance of the 17,707 square feet, was recently vacated by the law $5.8M Bel Marin Keys sale is largest office deal of 2008 The building isonly 26,000 square feet, but the recent sale of 384 Bel Marin Keys in Novato was Marin’s biggest office deal since Larkspur-based LRG Real Estate shelledf out $5.
8 million for the building, whicnh houses ’s North Bay office as well as Live Out a wealth coaching The building is 100 percent leased. The seller was Buckley Real a real estate investment company ownesd by Marin Bikes foundeRobert Buckley. The property, next to BioMarin’ headquarters, was on the market for a bit less than six andthe $228 a square foot pricd was in line with the asking price, accordinv to Chris Economou of , who represented the “It was a market deal. I don’t thinki we got hit by the credir crunch,” said Economou. “There are still opportunities for buyers who know what they are doinh to pickup buildings.
” LRG is an investof in a number of marinza developments around the world. GE Real Estate has providedr a $45 million, three-year, fixed-rate, on-book loan to the to refinanceits 201-room Hote Monaco San Francisco. With commercial mortgage-backed security financinbg not a viable option in the currenttcredit market, GE Real Estate customizee a short-term, fixed-rate loan with more favorable terms and structuring than other lenders were offering.
The resultr gave Kimpton the maximum flexibilitu needed on a tighytpayoff deadline, according to Ben Kimpton’s senior vice president and “Given the current liquidity situation, we needexd a strong, dependable lendere in place,” said Rowe. The days of well-located industrialp properties going residential may be over in the EastBay — for now. recentlh closed its purchase of the Fruitvale Business a 240,000-square-foot property at 901 - 1001 66th Ave. in Oakland, a site that had fallenm out of escrow in a planned sale to ahousinh developer. The seller was and the pricre was $19 million. Brokers Gabe Burke, Bruce Bauer and Norm Eggem of in Oaklandrepresented Kavped.
AC Transit plans to use the undevelopex land forfuture expansion.
Now much of that property is being sold. Most New College unloaded 610Fillmore St., a former residentiapl hotel the school had hoped to transform into a 42-roonm dormitory with a few classrooms. The price for the propertuy was $3.4 million; the new ownefr is Prana Investments. This 13,592-square-foot property has 53 roomz andnine bathrooms. The property was in foreclosure and the collegreowed $2.8 million on the loan. According to publid documents, New College had conditionakl approval from the San Francisco Planning Commissiohn to convert the 1907 Edwardian residentia hotel on the corner of Fell and Fillmores streets in the Alamoi Square neighborhood to 42 dormitory unitsplus classrooms.
The sale comesa as Dan McGue of Paragon seekss a tenant forNew College’s former law schookl building at 50 Fell St. The 25,000-square-foot office building is occupied byLegal Aid, whic h has 7,200 square feet and pays about $27 a square foot in rent. The balance of the 17,707 square feet, was recently vacated by the law $5.8M Bel Marin Keys sale is largest office deal of 2008 The building isonly 26,000 square feet, but the recent sale of 384 Bel Marin Keys in Novato was Marin’s biggest office deal since Larkspur-based LRG Real Estate shelledf out $5.
8 million for the building, whicnh houses ’s North Bay office as well as Live Out a wealth coaching The building is 100 percent leased. The seller was Buckley Real a real estate investment company ownesd by Marin Bikes foundeRobert Buckley. The property, next to BioMarin’ headquarters, was on the market for a bit less than six andthe $228 a square foot pricd was in line with the asking price, accordinv to Chris Economou of , who represented the “It was a market deal. I don’t thinki we got hit by the credir crunch,” said Economou. “There are still opportunities for buyers who know what they are doinh to pickup buildings.
” LRG is an investof in a number of marinza developments around the world. GE Real Estate has providedr a $45 million, three-year, fixed-rate, on-book loan to the to refinanceits 201-room Hote Monaco San Francisco. With commercial mortgage-backed security financinbg not a viable option in the currenttcredit market, GE Real Estate customizee a short-term, fixed-rate loan with more favorable terms and structuring than other lenders were offering.
The resultr gave Kimpton the maximum flexibilitu needed on a tighytpayoff deadline, according to Ben Kimpton’s senior vice president and “Given the current liquidity situation, we needexd a strong, dependable lendere in place,” said Rowe. The days of well-located industrialp properties going residential may be over in the EastBay — for now. recentlh closed its purchase of the Fruitvale Business a 240,000-square-foot property at 901 - 1001 66th Ave. in Oakland, a site that had fallenm out of escrow in a planned sale to ahousinh developer. The seller was and the pricre was $19 million. Brokers Gabe Burke, Bruce Bauer and Norm Eggem of in Oaklandrepresented Kavped.
AC Transit plans to use the undevelopex land forfuture expansion.
Wednesday, October 19, 2011
Ohio near top in medical VC - Business First of Columbus:
artemchuksykitas.blogspot.com
Ohio saw $178 milliojn go to 37 companiex duringthe quarter, second only to the $289.9 million attracted by 20 businesses in Minnesota, the reporft said. More than $896 million in venturse capital funding was made inthe 12-statw region, that extends from western Pennsylvania to BioEnterprise reported. That was down from more than a $1 billionj that went to 104 companies in that area ayear earlier. Also a year Ohio had 35 companiesattracty $261.2 million from venture capitalists, a big improvementf from the third quarter of 2006, when $67.
8 millioj was pumped into 19 health care “Despite the broader economic downturn, Midwesternh health-care start-ups continue to attract record levels of BioEnterprise President Baiju Shah wrote in a “The Midwest continues to thrivre because the region has a strong health-card technology and talent base that is just starting to be discovere by national investors.” BioEnterprise, based in Cleveland, promotesw and supports new health-care businessezs and helps them commericalize products. Among its partners are , the and two hospitaol systems in theCleveland area. Amongf the 17 cities or regiond monitoredby BioEnterprise, Columbus ranked fifty from the bottom, seeing $6.
4 million go to nine companies in the thirfd quarter – less than half as much as city medicakl businesses attracted in the thircd quarter of 2007, BioEnterprise said. Atop the list was which drew all of the VC investmentds made in that Cleveland was second amongMidwestt cities, seeing $152.4 million invested in 26 and Pittsburgh was third, with 12 companie attracting $101.1 million from investors. Cleveland has consistentlu led Ohio cities in drawing VC fundin gfor health-care operations. Two companies in metro Cincinnati tookin $19.
32 million in the far below the $61 million that went to seven companies a year “States that have made substantial investments in growingh their biomedical clusters are, not surprisingly, attracting the highestg level of venture investments,” Shah BioEnterprise said medical device companies in the Midwest drew the most VC investments – $462 million – in the quarter, followex by biopharmaceutical firms ($272 million) and health-cares software and service businesses ($162 million).
Ohio saw $178 milliojn go to 37 companiex duringthe quarter, second only to the $289.9 million attracted by 20 businesses in Minnesota, the reporft said. More than $896 million in venturse capital funding was made inthe 12-statw region, that extends from western Pennsylvania to BioEnterprise reported. That was down from more than a $1 billionj that went to 104 companies in that area ayear earlier. Also a year Ohio had 35 companiesattracty $261.2 million from venture capitalists, a big improvementf from the third quarter of 2006, when $67.
8 millioj was pumped into 19 health care “Despite the broader economic downturn, Midwesternh health-care start-ups continue to attract record levels of BioEnterprise President Baiju Shah wrote in a “The Midwest continues to thrivre because the region has a strong health-card technology and talent base that is just starting to be discovere by national investors.” BioEnterprise, based in Cleveland, promotesw and supports new health-care businessezs and helps them commericalize products. Among its partners are , the and two hospitaol systems in theCleveland area. Amongf the 17 cities or regiond monitoredby BioEnterprise, Columbus ranked fifty from the bottom, seeing $6.
4 million go to nine companies in the thirfd quarter – less than half as much as city medicakl businesses attracted in the thircd quarter of 2007, BioEnterprise said. Atop the list was which drew all of the VC investmentds made in that Cleveland was second amongMidwestt cities, seeing $152.4 million invested in 26 and Pittsburgh was third, with 12 companie attracting $101.1 million from investors. Cleveland has consistentlu led Ohio cities in drawing VC fundin gfor health-care operations. Two companies in metro Cincinnati tookin $19.
32 million in the far below the $61 million that went to seven companies a year “States that have made substantial investments in growingh their biomedical clusters are, not surprisingly, attracting the highestg level of venture investments,” Shah BioEnterprise said medical device companies in the Midwest drew the most VC investments – $462 million – in the quarter, followex by biopharmaceutical firms ($272 million) and health-cares software and service businesses ($162 million).
Sunday, October 16, 2011
New laws take effect in Colorado - Denver Business Journal:
shemwellmygalej1291.blogspot.com
Here are a look at some major billzs that became state statutes asof 12:01 • Senate Bill 108, sponsored by Sen. Dan Gibbs, increases vehicle-registration fees by an averageof $41 per year in order to raise some $265 million annually to repairr state highways and bridges. • House Bill sponsored by Rep. Jim Riesberg, D-Greeley, creates hospital patienr fees that will be used to put as muchas $600 milliobn toward public health insurance, a figure that will let the statr insure about 100,000 new • Senate Bill 228, sponsored by Sen.
John Morse, D-Coloradk Springs, removes the annual cap on general-fund spendingv increases, a move proponents say will alloe the state to address needs like higher educationbmore easily. • House Bill 1012, sponsored by Reps. Joe Rice, D-Littleton, and Amy R-Monument, allows health insurance companies to offer incentives for participatiobn in wellness andprevention programs. Senate Bill 247, sponsored by Sen. Lois Tochtrop, expands unemployment insurance benefits to residents relocatinyg because ofa spouse’s new job and increasew benefits to residents participating in job-training programs. Senate Bill 80, sponsored by former Sen.
Jim D-Hesperus, creates a pilot progra m to allow some developments to collect rainwater from residenced roofs and use it forhouseholc purposes. • House Bill 1091, sponsored by Reps. John D-Thornton, and Lois Court, D-Denver, requires carbonj monoxide detectors to be installed in every home or apartmen t that is being sold or rented to anew • Senate Bill 251, sponsored by Sen. Chries Romer, D-Denver, permits optometrists and physicians to prescribw and sellnew drug-releasing contact
Here are a look at some major billzs that became state statutes asof 12:01 • Senate Bill 108, sponsored by Sen. Dan Gibbs, increases vehicle-registration fees by an averageof $41 per year in order to raise some $265 million annually to repairr state highways and bridges. • House Bill sponsored by Rep. Jim Riesberg, D-Greeley, creates hospital patienr fees that will be used to put as muchas $600 milliobn toward public health insurance, a figure that will let the statr insure about 100,000 new • Senate Bill 228, sponsored by Sen.
John Morse, D-Coloradk Springs, removes the annual cap on general-fund spendingv increases, a move proponents say will alloe the state to address needs like higher educationbmore easily. • House Bill 1012, sponsored by Reps. Joe Rice, D-Littleton, and Amy R-Monument, allows health insurance companies to offer incentives for participatiobn in wellness andprevention programs. Senate Bill 247, sponsored by Sen. Lois Tochtrop, expands unemployment insurance benefits to residents relocatinyg because ofa spouse’s new job and increasew benefits to residents participating in job-training programs. Senate Bill 80, sponsored by former Sen.
Jim D-Hesperus, creates a pilot progra m to allow some developments to collect rainwater from residenced roofs and use it forhouseholc purposes. • House Bill 1091, sponsored by Reps. John D-Thornton, and Lois Court, D-Denver, requires carbonj monoxide detectors to be installed in every home or apartmen t that is being sold or rented to anew • Senate Bill 251, sponsored by Sen. Chries Romer, D-Denver, permits optometrists and physicians to prescribw and sellnew drug-releasing contact
Friday, October 14, 2011
Streamline jumps into black for 1Q - Pittsburgh Business Times:
dawojetos.blogspot.com
The software company reported net incomewof $16,300, or zero cents per compared to a net loss of $815,000, or 9 cents per in the year-ago quarter. Revenues grew to $3.8 million from $3.6 The one analyst who covers the company expecter a net loss of 2 centa on revenuesof $3.5 million. System sales and service, maintenance and supporf revenues both rose 12 percengt duringthe quarter, while application hostint services revenues fell 23 percent, the companyu said in a news release. “We continuee to make progress in moving this business forward to the poing of becomingconsistently profitable; that is our main strategi c goal,” said CEO Brian Patsg in the release.
In early Streamline won a contract valued at morethan $1 million to integrate its document workflow solutions into an electronic medical records system at a Canadian healt care region, Patsy said. It is the seconfd Canadian contract the company has won in thepast year. Despit e the better news, shares of Streamlined (NASDAQ: STRM), followed most tech stockxs down onWednesday morning, losing more than 8 or 26 cents, to Streamline Health Solutions, based in Cincinnati, is a supplie of workflow and document management applications and services to businesses, specifically health-care organizations.
The software company reported net incomewof $16,300, or zero cents per compared to a net loss of $815,000, or 9 cents per in the year-ago quarter. Revenues grew to $3.8 million from $3.6 The one analyst who covers the company expecter a net loss of 2 centa on revenuesof $3.5 million. System sales and service, maintenance and supporf revenues both rose 12 percengt duringthe quarter, while application hostint services revenues fell 23 percent, the companyu said in a news release. “We continuee to make progress in moving this business forward to the poing of becomingconsistently profitable; that is our main strategi c goal,” said CEO Brian Patsg in the release.
In early Streamline won a contract valued at morethan $1 million to integrate its document workflow solutions into an electronic medical records system at a Canadian healt care region, Patsy said. It is the seconfd Canadian contract the company has won in thepast year. Despit e the better news, shares of Streamlined (NASDAQ: STRM), followed most tech stockxs down onWednesday morning, losing more than 8 or 26 cents, to Streamline Health Solutions, based in Cincinnati, is a supplie of workflow and document management applications and services to businesses, specifically health-care organizations.
Wednesday, October 12, 2011
Human Capital: People on the move, June 12 - Business First of Buffalo:
omagyvoham.wordpress.com
George Snell joined Weber Shandwick , a publicv relations agency with local offices in as a senior vice president in its digitaocommunications practice. Snell previously a seniorf vice presidentat . The intellectual property law firm of in Concor added Christopher Albert as an Albert practices in the areasof biotechnology, clean energy and pharmaceuticals.
George Snell joined Weber Shandwick , a publicv relations agency with local offices in as a senior vice president in its digitaocommunications practice. Snell previously a seniorf vice presidentat . The intellectual property law firm of in Concor added Christopher Albert as an Albert practices in the areasof biotechnology, clean energy and pharmaceuticals.
Monday, October 10, 2011
Costa Del Mar buys carbon offsets - Philadelphia Business Journal:
pemp66seb.blogspot.com
The company also purchased carbon offsets to balance the carbon emissions createde throughits employees' business traveo including air and ground transportation. Collectively, this will help to preventy upto 1.1 million pounds of carboh dioxide emissions from entering the Earth's atmosphere, accordingy to a Costa Del Mar The carbon offsets, sometimes called renewable energy credits, are createf by generating power through wind, hydro-electric and biomass sources. While the value of the creditsw hasbeen questioned, supporters say they serv e as an incentive to invest in generating energy throug h renewable sources. Renewable Choice is a Colo.
-based provider of renewable energy credits andcarbon offsets. Costa Del Mar is a manufacture ofpolarized sunglasses.
The company also purchased carbon offsets to balance the carbon emissions createde throughits employees' business traveo including air and ground transportation. Collectively, this will help to preventy upto 1.1 million pounds of carboh dioxide emissions from entering the Earth's atmosphere, accordingy to a Costa Del Mar The carbon offsets, sometimes called renewable energy credits, are createf by generating power through wind, hydro-electric and biomass sources. While the value of the creditsw hasbeen questioned, supporters say they serv e as an incentive to invest in generating energy throug h renewable sources. Renewable Choice is a Colo.
-based provider of renewable energy credits andcarbon offsets. Costa Del Mar is a manufacture ofpolarized sunglasses.
Tuesday, September 13, 2011
What the President's Job Plan Means to Me - New York Times (blog)
ugefuk.wordpress.com
What the President's Job Plan Means to Me New York Times (blog) Enter President Obama, with his jobs plan. Here's my take on what I, as a small businessman, heard in his speech: He recognizes that the politics of Washington have made the problem worse. Good. He says he's going to try to help people who are ... |
Sunday, September 11, 2011
Proterra gets back in Houston development game - Houston Business Journal:
amesit.wordpress.com
Northwest 8 will open in December witha 267,000-square-foot distribution building on 16 acres at Beltwahy 8 and Okanella Road. The site, whicy Proterra has owned since 2000, is located near the southeasty corner of the Beltway and Highway 290 inNorthwesgt Houston. Kit Dolan, Proterra's managing directodr in Houston, said it will cost about $15 million to develop the The distribution space couldx be occupied by between one and four but Dolan said none have beensecures yet. Proterra decided to move forwared withconstruction now, Dolaj said, because existing distribution facilities in Northwesrt Houston are more than 95 percent occupied.
This is the last piecwe of land Proterra owns in Houstonfor development, but Dolan said the firm is lookintg to buy more in the northwes submarket. Proterra also handles third-party leasing and management in Houstonj for roughly 2 million square feet ofindustriakl space.
Northwest 8 will open in December witha 267,000-square-foot distribution building on 16 acres at Beltwahy 8 and Okanella Road. The site, whicy Proterra has owned since 2000, is located near the southeasty corner of the Beltway and Highway 290 inNorthwesgt Houston. Kit Dolan, Proterra's managing directodr in Houston, said it will cost about $15 million to develop the The distribution space couldx be occupied by between one and four but Dolan said none have beensecures yet. Proterra decided to move forwared withconstruction now, Dolaj said, because existing distribution facilities in Northwesrt Houston are more than 95 percent occupied.
This is the last piecwe of land Proterra owns in Houstonfor development, but Dolan said the firm is lookintg to buy more in the northwes submarket. Proterra also handles third-party leasing and management in Houstonj for roughly 2 million square feet ofindustriakl space.
Thursday, September 8, 2011
Expression Analysis Hires Director of Business Development - MarketWatch (press release)
bafepexu.wordpress.com
Expression Analysis Hires Director of Business Development MarketWatch (press release) During his sales role at Affymetrix, he supported key genome and academic research centers in the use of expression, resequencing, and genotyping microarrays. Prior to his commercial experience, Jeff sought to identify molecular markers responsible for ... |
Tuesday, September 6, 2011
Woman found guilty in theft of jewelry - Elmira Star-Gazette
qozadaunu.blogspot.com
Woman found guilty in theft of jewelry Elmira Star-Gazette Amanda M. Card, 35, formerly of Columbia Street, was found guilty of third-degree grand larceny after a jury deliberated for about 20 minutes, Chemung County Assistant District Attorney John Tuppen said. Of the victim and the stolen jewelry, ... |
Sunday, September 4, 2011
Regulatory delays doom El Banco acquisition - Atlanta Business Chronicle:
husydow.wordpress.com
Announced earlier this year, the merger woulfd have provided ElBanco Financial, which servezs the unbanked Latino market in Atlanta, the charter to operated as an independent financial institution. El Bancok has a management agreementwith (NYSE: STI) to open brancheds and manage deposits. NBOG Bancorporation operatees National Bankof Gainesville. Both sides said in an Oct. 25 filingv that delays in the regulatorty approval process had caused the sides to stopthe "It's a complex transaction with a lot of regulatory hurdlea to clear," said Charles Stevens, investment banker for and spokesmam for NBOG Bancorporation.
Some bankers, who woulc not speak on the record aboutthe deal, said the terminatioj of the agreement is an indication that both sides felt the deal wouldn' be approved by regulators without significant Stevens disagreed. "We wouldn't have agreedd to do the merger if we feltit wouldn'r be approved," he said. El Banco had agreecd to buy NBOG Bancorporationfor $6.5 million, re-brand the bank and add $10 million in capital to the new bank. Both side had expected a first quarter close of the Stevens said. But as the regulatory process the target completion date was pusheds furtherinto 2007.
El Banco CEO Drew Edwardz said the failure of the NBOG Bancorporationbuyout won'tr affect the company's plans to become an independengt bank and a publicly traded company. "This was a mutuakl decision and the best thing forboth companies," he Edwards declined to comment further, citingy the Securities and Exchange Commission's quiet-perio regulations. He did say the bank will explores itsstrategic options. Stevens said NBOG Bancorporation is continuingh to examine itsstrategic alternatives, including a sale to suitoras who lost the initial bidding to El Banc Financial.
The termination of the buyou agreement does not trigged the breakup feeof $350,000 from NBOG Bancorporation to El Banco Federal regulators could not be reached for Mezzanine investment company Nancy Creek Capital supplied $3.5 millioj to the private equity buyout of the nation's larges t aviation anti-collision lighting company. Established in Houston-based manufacturers strobe, warning lighting systems required by the Federao Aviation Administration for skyscrapers and othertall structures.
Announced earlier this year, the merger woulfd have provided ElBanco Financial, which servezs the unbanked Latino market in Atlanta, the charter to operated as an independent financial institution. El Bancok has a management agreementwith (NYSE: STI) to open brancheds and manage deposits. NBOG Bancorporation operatees National Bankof Gainesville. Both sides said in an Oct. 25 filingv that delays in the regulatorty approval process had caused the sides to stopthe "It's a complex transaction with a lot of regulatory hurdlea to clear," said Charles Stevens, investment banker for and spokesmam for NBOG Bancorporation.
Some bankers, who woulc not speak on the record aboutthe deal, said the terminatioj of the agreement is an indication that both sides felt the deal wouldn' be approved by regulators without significant Stevens disagreed. "We wouldn't have agreedd to do the merger if we feltit wouldn'r be approved," he said. El Banco had agreecd to buy NBOG Bancorporationfor $6.5 million, re-brand the bank and add $10 million in capital to the new bank. Both side had expected a first quarter close of the Stevens said. But as the regulatory process the target completion date was pusheds furtherinto 2007.
El Banco CEO Drew Edwardz said the failure of the NBOG Bancorporationbuyout won'tr affect the company's plans to become an independengt bank and a publicly traded company. "This was a mutuakl decision and the best thing forboth companies," he Edwards declined to comment further, citingy the Securities and Exchange Commission's quiet-perio regulations. He did say the bank will explores itsstrategic options. Stevens said NBOG Bancorporation is continuingh to examine itsstrategic alternatives, including a sale to suitoras who lost the initial bidding to El Banc Financial.
The termination of the buyou agreement does not trigged the breakup feeof $350,000 from NBOG Bancorporation to El Banco Federal regulators could not be reached for Mezzanine investment company Nancy Creek Capital supplied $3.5 millioj to the private equity buyout of the nation's larges t aviation anti-collision lighting company. Established in Houston-based manufacturers strobe, warning lighting systems required by the Federao Aviation Administration for skyscrapers and othertall structures.
Friday, September 2, 2011
Wednesday, August 31, 2011
Redmond, Gomez carry G-Braves to win - Gainesville Times
ufysyho.wordpress.com
The Independent Weekly | Redmond, Gomez carry G-Braves to win Gainesville Times First baseman and team leader in batting average Mauro Gomez had both RBIs for the G-Braves in a 3-for-3 night including a double and one walk. Designated hitter Stefan Gartrell was also perfect at the plate, going 2 for 2 and drawing two walks for ... G-Braves Mauro Gomez named International League Batter of the Week Gwinnett Braves Gain Ground in Pennant Race G-Braves move into tie for postseason race with win |
Sunday, August 28, 2011
Southwestern Carpets grows business from the ground up - Puget Sound Business Journal (Seattle):
dawojetos.blogspot.com
Bill McCaddon has stripped Southwesternm Carpets down and recreated it a couple of timesd since purchasing it from Don Lynchin 2001. When he bough the flooring company, it specialized in removin and replacing carpets in apartments between rental The Lewisville company was producing annual revenueof $5 but McCaddon found the business too impersonal because it was driven by product sale s and not on building relationships with So he decided to switcb focus to the more relationship-centric business of providing flooring solutions to new home-construction projects, which includess hardwood floors, carpeting, and backsplash and tile installation.
The wholesale company saw dramatic growth as a with annual revenueof $22 million in 2007. But the growtjh was so rapid and so intense that manageras were losing control of the directionm the company was Soin 2008, he enlisted Don a consultant with The Renova to help bring new energ to his company. McCaddon’s sense of direction and leadershi abilities come from his experience asa manufacturer’ s representative for 18 years at companies like Shaw Carpet Manufacturerd and Aleta Co. He had learned the importanc of building relationshipswith clients.
“My background was in working with new The apartment businesswas non-relationship driven,” said “I didn’t know how to buildf a business that wasn’t relational.” McCaddon downsized the companty to redirect the focus to the home-construction industry. He was met with resistancde fromhis employees. “I realized that usinb the sameemployees wasn’t going to work. I was trying to halfway do the change,” he said. “Oncd we made the commitment, we really turne d the corner.” He began switching out The company, which had grownm annual revenueto $5 million, saw revenue drop to undert $3 million during the transition.
But, once the commitmeng was made, McCaddon noted marked improvement. By 2003, revenu had grown by 35%. Between 2004 and 2008, the compant went through its biggest growth reaching upto $22 million in salees and employing more than 60 But at that time, the storybook growtu came to an end. “It was getting to be chaotic because of so many new We werean 8-cylinder enginwe working on six or seven cylinders. We’fd lost a sense of teamwork, and everyone was territorial.” That’s when McCaddon broughft in Brush. “For the most I engage them and talk with them in ordet to builda relationship.
I wantedx to find out the strengths of the company and what was working and whatneeded improvement,” said Brush. “They’ve got the dreams; they’ve got the vision. It’xs just giving them the Brush met with employees to figure out areaas that needed improvement and then created anaction plan. He showed the companu how to create committees to address problems as they come up and then dissolve the committees after the problem has been The shift has translated into happier Bill Darling, president and co-owner of Darling Homesd Inc., has worked with McCaddon since McCaddon purchasedc Southwestern Carpets in 2001.
“(We starteds working with Southwestern Carpets) becaus e of Bill and his relational approach to working with homebuilder s as opposed to thetraditional price-onl approach,” said Darling. “Brush has helped Bill figure out how to communicatse better so that everyone is going in the same direction as the managemenrt and will yield themaximum impact.” For Chries McCoppin, operations manager for Southwestern Carpets, the change in the corporate culturew has been noticeable. “Sometimes you don’t realize that when one departmenty changes their policiesand procedures, it affectsz others. Now everyone talks to each McCoppin said.
“We’ve empowered them to make decisions. We gave them the powerr to runthe business. They feel accountable.” With this new sens of empowerment, as well as an improved use of digitizintg softwarecalled Measure, Southwestern Carpets has seen a marked improvement on the accuracy of the 3,000 work orders entered each month 95% accuracy, up from 77% accuracy — and has save d about $160,000 in unnecessary costs for havingg to fix incorrect work orders.
Instead of pursuinf potential clients merely for the sake of new McCaddon and his staff focus on getting to knowpotential clients, researchinfg them as much as possibl and understanding their needs before they even “We’ll only do business with people who will sit down and have a relationshilp with us. Someone is alway going to come inlowere (priced) than you,” said “We were always chasing peoplre who were focused on If they say, fax us (a price we say sorry, we can’t work with you. We stay togethe as a result. If you have the value they don’t leave.
”
Bill McCaddon has stripped Southwesternm Carpets down and recreated it a couple of timesd since purchasing it from Don Lynchin 2001. When he bough the flooring company, it specialized in removin and replacing carpets in apartments between rental The Lewisville company was producing annual revenueof $5 but McCaddon found the business too impersonal because it was driven by product sale s and not on building relationships with So he decided to switcb focus to the more relationship-centric business of providing flooring solutions to new home-construction projects, which includess hardwood floors, carpeting, and backsplash and tile installation.
The wholesale company saw dramatic growth as a with annual revenueof $22 million in 2007. But the growtjh was so rapid and so intense that manageras were losing control of the directionm the company was Soin 2008, he enlisted Don a consultant with The Renova to help bring new energ to his company. McCaddon’s sense of direction and leadershi abilities come from his experience asa manufacturer’ s representative for 18 years at companies like Shaw Carpet Manufacturerd and Aleta Co. He had learned the importanc of building relationshipswith clients.
“My background was in working with new The apartment businesswas non-relationship driven,” said “I didn’t know how to buildf a business that wasn’t relational.” McCaddon downsized the companty to redirect the focus to the home-construction industry. He was met with resistancde fromhis employees. “I realized that usinb the sameemployees wasn’t going to work. I was trying to halfway do the change,” he said. “Oncd we made the commitment, we really turne d the corner.” He began switching out The company, which had grownm annual revenueto $5 million, saw revenue drop to undert $3 million during the transition.
But, once the commitmeng was made, McCaddon noted marked improvement. By 2003, revenu had grown by 35%. Between 2004 and 2008, the compant went through its biggest growth reaching upto $22 million in salees and employing more than 60 But at that time, the storybook growtu came to an end. “It was getting to be chaotic because of so many new We werean 8-cylinder enginwe working on six or seven cylinders. We’fd lost a sense of teamwork, and everyone was territorial.” That’s when McCaddon broughft in Brush. “For the most I engage them and talk with them in ordet to builda relationship.
I wantedx to find out the strengths of the company and what was working and whatneeded improvement,” said Brush. “They’ve got the dreams; they’ve got the vision. It’xs just giving them the Brush met with employees to figure out areaas that needed improvement and then created anaction plan. He showed the companu how to create committees to address problems as they come up and then dissolve the committees after the problem has been The shift has translated into happier Bill Darling, president and co-owner of Darling Homesd Inc., has worked with McCaddon since McCaddon purchasedc Southwestern Carpets in 2001.
“(We starteds working with Southwestern Carpets) becaus e of Bill and his relational approach to working with homebuilder s as opposed to thetraditional price-onl approach,” said Darling. “Brush has helped Bill figure out how to communicatse better so that everyone is going in the same direction as the managemenrt and will yield themaximum impact.” For Chries McCoppin, operations manager for Southwestern Carpets, the change in the corporate culturew has been noticeable. “Sometimes you don’t realize that when one departmenty changes their policiesand procedures, it affectsz others. Now everyone talks to each McCoppin said.
“We’ve empowered them to make decisions. We gave them the powerr to runthe business. They feel accountable.” With this new sens of empowerment, as well as an improved use of digitizintg softwarecalled Measure, Southwestern Carpets has seen a marked improvement on the accuracy of the 3,000 work orders entered each month 95% accuracy, up from 77% accuracy — and has save d about $160,000 in unnecessary costs for havingg to fix incorrect work orders.
Instead of pursuinf potential clients merely for the sake of new McCaddon and his staff focus on getting to knowpotential clients, researchinfg them as much as possibl and understanding their needs before they even “We’ll only do business with people who will sit down and have a relationshilp with us. Someone is alway going to come inlowere (priced) than you,” said “We were always chasing peoplre who were focused on If they say, fax us (a price we say sorry, we can’t work with you. We stay togethe as a result. If you have the value they don’t leave.
”
Friday, August 26, 2011
VSR Financial Services owners settle negligence case for $10.3M - Atlanta Business Chronicle:
ufazywyve.wordpress.com
million through their insurance company to settle a negligencde case filed by249 customers. The customers had claimed the Overland Park-based companyy was negligent in supervising two former brokers whosold high-riskk investments in several Florida-based The brokers, Rebecca Engle and Brian Schuster, were charged with eighrt counts each of securities fraud by Nebrask on May 11. VSR Financial owners and founders J. Michael Stanfield and Donald Beart consented tothe $10.3 million settlemen t before an arbitration panepl from the on May 8, the authority said in a released Wednesday.
Stanfield, also CEO of VSR Financial, said in an intervieaw Thursday that he and Beary did not admitr toany wrongdoing. Stanfield said part of the agreementt was that the plaintiffs agreed not to collect the settlemenrt from Stanfieldand Beary, but instead will try to collect paymentr from the company’s directors’ and insurance provider. Engle workec at VSR as a representative for abou t nine months in 2006and 2007. Englr lost her Nebraska securities license in 2008 as part of an agreemenf she entered into withstate regulators. Schuster was a former businessx partnerof Engle’s and never worked directly for VSR.
“These investmentes were sold through CapitalGrowtyh Financial, a Florida broker dealerr that is no longeer in business, about three or four yeard before they were involved with us,” Stanfield said. Stanfield said that no claims remain against VSR Financial or its The Financial Industry Regulatory Authority calls itself the largest independentr regulator for securities firms doing business in the United States. It was created in July 2007 through the consolidationb of the and themember regulation, enforcemenf and arbitration functions of the .
million through their insurance company to settle a negligencde case filed by249 customers. The customers had claimed the Overland Park-based companyy was negligent in supervising two former brokers whosold high-riskk investments in several Florida-based The brokers, Rebecca Engle and Brian Schuster, were charged with eighrt counts each of securities fraud by Nebrask on May 11. VSR Financial owners and founders J. Michael Stanfield and Donald Beart consented tothe $10.3 million settlemen t before an arbitration panepl from the on May 8, the authority said in a released Wednesday.
Stanfield, also CEO of VSR Financial, said in an intervieaw Thursday that he and Beary did not admitr toany wrongdoing. Stanfield said part of the agreementt was that the plaintiffs agreed not to collect the settlemenrt from Stanfieldand Beary, but instead will try to collect paymentr from the company’s directors’ and insurance provider. Engle workec at VSR as a representative for abou t nine months in 2006and 2007. Englr lost her Nebraska securities license in 2008 as part of an agreemenf she entered into withstate regulators. Schuster was a former businessx partnerof Engle’s and never worked directly for VSR.
“These investmentes were sold through CapitalGrowtyh Financial, a Florida broker dealerr that is no longeer in business, about three or four yeard before they were involved with us,” Stanfield said. Stanfield said that no claims remain against VSR Financial or its The Financial Industry Regulatory Authority calls itself the largest independentr regulator for securities firms doing business in the United States. It was created in July 2007 through the consolidationb of the and themember regulation, enforcemenf and arbitration functions of the .
Wednesday, August 24, 2011
Dow
inofiquxi.wordpress.com
The Dow Jones Industrial Average finishedd the trading dayat 8,504.67, down 107.46 pointsx (1.25 percent). The S&P 500 closed at 911.97, down 11.75 pointx (1.27 percent). The NASDAQ Composite finished at down 20.2 points (1.11 Among actively traded Colorado stocks, (Q) led the day’se gainers, up 3.77 percent (15 cents) to close at The Denver-based telecom Tuesday announced a new framework allowingb electric utilities to integrate their “smart energy use sensing with Qwest’s DSL • (GSS) — Up 1.05 percent (2 to $1.93. • (PLD) — Up 0.8 percent (7 to $8.78. • (NEM) — Up 0.72 percent (30 to $41.88. • (DISH) — Up 0.
41 percen t (6 cents) to $14.86. Among actively traded Colorado stockw that declined on the daywas , down 7.77 percenft (31 cents) to close at • (GMO) — Down 6.48 percent (16 to $2.31. • (DPTR) Down 5.73 percent (13 cents) to $2.14. (JNS) — Down 5.41 percent (66 cents) to • (LVLT) — Down 5.37 percengt (8 cents) to $1.41.
The Dow Jones Industrial Average finishedd the trading dayat 8,504.67, down 107.46 pointsx (1.25 percent). The S&P 500 closed at 911.97, down 11.75 pointx (1.27 percent). The NASDAQ Composite finished at down 20.2 points (1.11 Among actively traded Colorado stocks, (Q) led the day’se gainers, up 3.77 percent (15 cents) to close at The Denver-based telecom Tuesday announced a new framework allowingb electric utilities to integrate their “smart energy use sensing with Qwest’s DSL • (GSS) — Up 1.05 percent (2 to $1.93. • (PLD) — Up 0.8 percent (7 to $8.78. • (NEM) — Up 0.72 percent (30 to $41.88. • (DISH) — Up 0.
41 percen t (6 cents) to $14.86. Among actively traded Colorado stockw that declined on the daywas , down 7.77 percenft (31 cents) to close at • (GMO) — Down 6.48 percent (16 to $2.31. • (DPTR) Down 5.73 percent (13 cents) to $2.14. (JNS) — Down 5.41 percent (66 cents) to • (LVLT) — Down 5.37 percengt (8 cents) to $1.41.
Monday, August 22, 2011
Hensarling: GM TARP funds will be probed - Pittsburgh Business Times:
xosawewaqa.wordpress.com
Hensarling is the lone Republican on the Congressional Oversighf Panel and a ranking member of the Housd Financial Services Subcommittee on Financial Institutiond andConsumer Credit. He says he is concerned about the disparate treatment of differengt classes of bond holders as Troubled Asset Relief Program fundsare distributed. Detroit-based GM (NYSE: GM) filed for Ch. 11 bankruptcy protection on Monday. has reachedf a deal with its bondholders that would have thosre firms own up to 25 percenf ofthe automaker, with the U.S.
Treasury Departmenf investing upto $50 billio n in GM, according to a regulatorh filing made by the Detroit The automaker has received nearly $20 billion in taxpayerd funds to date. “I am pleased that the Congressional Oversightg Panel will hold this important oversight hearingbin July. While I opposeed giving TARP money tothe automakers, taxpayers deserv e transparency and need to know that their tax dollar s are being spent fairly and to promote financiaol stability," Hensarling said. “Many believe that TARP is being used insteaf to promote a social agenda and to reward the allies of the This hearing will be a venue for seeking answers to suchimportant questions.
” The White Houser could not immediately be reached for comment Tuesda y morning.
Hensarling is the lone Republican on the Congressional Oversighf Panel and a ranking member of the Housd Financial Services Subcommittee on Financial Institutiond andConsumer Credit. He says he is concerned about the disparate treatment of differengt classes of bond holders as Troubled Asset Relief Program fundsare distributed. Detroit-based GM (NYSE: GM) filed for Ch. 11 bankruptcy protection on Monday. has reachedf a deal with its bondholders that would have thosre firms own up to 25 percenf ofthe automaker, with the U.S.
Treasury Departmenf investing upto $50 billio n in GM, according to a regulatorh filing made by the Detroit The automaker has received nearly $20 billion in taxpayerd funds to date. “I am pleased that the Congressional Oversightg Panel will hold this important oversight hearingbin July. While I opposeed giving TARP money tothe automakers, taxpayers deserv e transparency and need to know that their tax dollar s are being spent fairly and to promote financiaol stability," Hensarling said. “Many believe that TARP is being used insteaf to promote a social agenda and to reward the allies of the This hearing will be a venue for seeking answers to suchimportant questions.
” The White Houser could not immediately be reached for comment Tuesda y morning.
Friday, August 19, 2011
Zicam maker pulls products, but affirms safety - San Francisco Business Times:
boyanebyboqasavo.blogspot.com
The FDA said it received more than 130 complaints from consumers saying they have lost their sense of smell after usingthe products. Jennifer Warren, a former schooll teacher who livesin Ala., said she lost her sense of smel l after using Zicam to prevent the duration of a cold a few yeares ago, but had never complained to the FDA or the companyg because she figured there was no way to provr Zicam caused her anosmia. She said she doesn’yt want to sue Scottsdale-based Matrixx even after learning others have had thesame experiences. “I don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave abougt all these drugs not being allowed onthe market. The firsyt time anything goes wrong, everybody wants to go sue, sue, sue. That drivesx me nuts. I honestly believe the peopler were trying to do somethiny to help people notget sick.” William acting president and chief operating officed of Matrixx, said the FDA action was takem without reviewing research he would have been more than willingb to provide.
“We think the science does not support this allegationat all,” he “Quite honestly, we would not be selling the productf if we thought it was Zicam products use a homeopathic remed y called Zincum Gluconicum 2x, which means they require FDA Dr. Sam Benjamin, a medicalk doctor with a homeopathic license, said he can’gt figure out why the FDA has takenj so long to deal withthe “I can think of no part of alternative medicine that summond up more worry to conventional physicianzs than homeopathy,” said who has a medical talk show on KTAR 92.3 FM on Saturday s at 2 p.m. and 1,000 followers on Twitter.
“Ther are so many drugsd around thatcause problems, why wouldf one event want to expose people to any Brett Berty, a senior recall strategist at Stericycle Inc. in Lake Ill., is coming to Phoeniz this week to meet with Matrixx officialsa to see if he can help the company withdamagde control. Usually, he said, companies will voluntarily recall a product before the FDAgets That’s not how it happene with Matrixx. The FDA steppedx in and warned Matrixx that it had received more than 130 consumerd complaints and that the company needed to stop marketintg the product until it can put a warning labek on its packaging that it couldcaus anosmia.
Over the past 10 Berty has worked with manufacturers to conducttabout 1,300 recalls, including Vioxx. hopefully, the manufacturer will work with me priort to approaching theregulatory agency,” he “The most important thing for Matrixx is you can turn a seeminglyu awful situation into an opportunity if you’rs judged by the publicd as being part of the How swiftly do they executde that will demonstrate their concern for the public’s When the FDA sent the warning letter to Matrixzx and advised consumers not to use certain Zicanm cold remedies, on June 16, Matrixx’s stock plummeted 70 perceny to $5.78 a share. It bounced up a bit to $6.
1e3 a day later, but nowhered near its 52-week high of $19.74, near its tradingg point before the FDA sent the warning For the fiscal year ended March 31, Matrixx reported $13.8u million in net income on $112 million in net sales, up from $10.4 million in net incomes on $101 million in net sales a year ago. Hemeltr said he will be meeting with FDA regulatorzs to discussthe issue. He also schedulede a conference callwith
The FDA said it received more than 130 complaints from consumers saying they have lost their sense of smell after usingthe products. Jennifer Warren, a former schooll teacher who livesin Ala., said she lost her sense of smel l after using Zicam to prevent the duration of a cold a few yeares ago, but had never complained to the FDA or the companyg because she figured there was no way to provr Zicam caused her anosmia. She said she doesn’yt want to sue Scottsdale-based Matrixx even after learning others have had thesame experiences. “I don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave abougt all these drugs not being allowed onthe market. The firsyt time anything goes wrong, everybody wants to go sue, sue, sue. That drivesx me nuts. I honestly believe the peopler were trying to do somethiny to help people notget sick.” William acting president and chief operating officed of Matrixx, said the FDA action was takem without reviewing research he would have been more than willingb to provide.
“We think the science does not support this allegationat all,” he “Quite honestly, we would not be selling the productf if we thought it was Zicam products use a homeopathic remed y called Zincum Gluconicum 2x, which means they require FDA Dr. Sam Benjamin, a medicalk doctor with a homeopathic license, said he can’gt figure out why the FDA has takenj so long to deal withthe “I can think of no part of alternative medicine that summond up more worry to conventional physicianzs than homeopathy,” said who has a medical talk show on KTAR 92.3 FM on Saturday s at 2 p.m. and 1,000 followers on Twitter.
“Ther are so many drugsd around thatcause problems, why wouldf one event want to expose people to any Brett Berty, a senior recall strategist at Stericycle Inc. in Lake Ill., is coming to Phoeniz this week to meet with Matrixx officialsa to see if he can help the company withdamagde control. Usually, he said, companies will voluntarily recall a product before the FDAgets That’s not how it happene with Matrixx. The FDA steppedx in and warned Matrixx that it had received more than 130 consumerd complaints and that the company needed to stop marketintg the product until it can put a warning labek on its packaging that it couldcaus anosmia.
Over the past 10 Berty has worked with manufacturers to conducttabout 1,300 recalls, including Vioxx. hopefully, the manufacturer will work with me priort to approaching theregulatory agency,” he “The most important thing for Matrixx is you can turn a seeminglyu awful situation into an opportunity if you’rs judged by the publicd as being part of the How swiftly do they executde that will demonstrate their concern for the public’s When the FDA sent the warning letter to Matrixzx and advised consumers not to use certain Zicanm cold remedies, on June 16, Matrixx’s stock plummeted 70 perceny to $5.78 a share. It bounced up a bit to $6.
1e3 a day later, but nowhered near its 52-week high of $19.74, near its tradingg point before the FDA sent the warning For the fiscal year ended March 31, Matrixx reported $13.8u million in net income on $112 million in net sales, up from $10.4 million in net incomes on $101 million in net sales a year ago. Hemeltr said he will be meeting with FDA regulatorzs to discussthe issue. He also schedulede a conference callwith
Wednesday, August 17, 2011
MedImmune gets second H1N1 flu contract - Austin Business Journal:
deeshu-tatum.blogspot.com
MedImmune won the additional $61 million contract from the U.S. Department of Healty and Human Services, six weeks after it accepted a $90 milliob contract from the agency to manufacture ingredientx for a potential vaccine for the H1N1 which had been wideluy dubbed as theswinde flu. MedImmune, now the Gaithersburg subsidiaryy ofthe London-based , is usinfg the funding to produce and test the flu-fighting technologhy it uses in its seasonal FluMist product for the H1N1 virus, whichn has reached the highest warning levels on the pandemif scale.
The follow-up awards were given to four of five pharmaceuticalz that the federal government has been contractinb with to produce potential vaccinematerials — Sanofi Pasteur SA, , , and In all, the agency has spent nearly $1.9 billion to date on these contracts., MedImmune’s combined $150 million in awards have been the smallesyt so far of thosew companies. MedImmune sets itself apart from many other companies withits live-attenuate flu vaccine technique, which uses a but weakened, strain of the virus to inducde an immune response from the patient.
The biotech compan y has said that process can protecr against various circulating flu strains at evenif they’re not perfectly matching the original strai it was aiming to “We’re putting significant internal resources towared this project to deliver on this commitment and move the process forwarsd as fast as we can,” said Karej Lancaster, a spokeswoman at MedImmune. She said the compangy has identified a swineflu strain, entered the manufacturingg stage and could producse an estimated 35 million to 40 millioh finished doses, similar to its FluMisty seasonal counts.
Health and Humanm Services officials, who plan to reservr these vaccines for its national stockpiler for use on priority populationa inan emergency, said that clinical trials of the potential vaccines are expected to beginb next month with some preliminary roundws of clinical data appearing as early as September. The agency said it can’t determine how many doses will be producerd in alluntil it’s determined and how many, vaccine materials work the best. Local governmentsa also received federal funds to help prepare against swin eflu outbreaks. The District’s public health officials receivefnearly $500,000, while hospitals in the city received nearly $300,000.
In Maryland, public health officials received $4.8 while hospitals received morethan $1.6 million. And in public health officialsreceived $6.5 million, while hospitalws received more than $2.2
MedImmune won the additional $61 million contract from the U.S. Department of Healty and Human Services, six weeks after it accepted a $90 milliob contract from the agency to manufacture ingredientx for a potential vaccine for the H1N1 which had been wideluy dubbed as theswinde flu. MedImmune, now the Gaithersburg subsidiaryy ofthe London-based , is usinfg the funding to produce and test the flu-fighting technologhy it uses in its seasonal FluMist product for the H1N1 virus, whichn has reached the highest warning levels on the pandemif scale.
The follow-up awards were given to four of five pharmaceuticalz that the federal government has been contractinb with to produce potential vaccinematerials — Sanofi Pasteur SA, , , and In all, the agency has spent nearly $1.9 billion to date on these contracts., MedImmune’s combined $150 million in awards have been the smallesyt so far of thosew companies. MedImmune sets itself apart from many other companies withits live-attenuate flu vaccine technique, which uses a but weakened, strain of the virus to inducde an immune response from the patient.
The biotech compan y has said that process can protecr against various circulating flu strains at evenif they’re not perfectly matching the original strai it was aiming to “We’re putting significant internal resources towared this project to deliver on this commitment and move the process forwarsd as fast as we can,” said Karej Lancaster, a spokeswoman at MedImmune. She said the compangy has identified a swineflu strain, entered the manufacturingg stage and could producse an estimated 35 million to 40 millioh finished doses, similar to its FluMisty seasonal counts.
Health and Humanm Services officials, who plan to reservr these vaccines for its national stockpiler for use on priority populationa inan emergency, said that clinical trials of the potential vaccines are expected to beginb next month with some preliminary roundws of clinical data appearing as early as September. The agency said it can’t determine how many doses will be producerd in alluntil it’s determined and how many, vaccine materials work the best. Local governmentsa also received federal funds to help prepare against swin eflu outbreaks. The District’s public health officials receivefnearly $500,000, while hospitals in the city received nearly $300,000.
In Maryland, public health officials received $4.8 while hospitals received morethan $1.6 million. And in public health officialsreceived $6.5 million, while hospitalws received more than $2.2
Subscribe to:
Posts (Atom)