Saturday, October 29, 2011

Sprint Cup qualifying at Martinsville rained out - ESPN

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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

FOXSports.com


'Best-case' for Edwards, Kenseth thanks to rain

Atlanta Journal Constitution


The Day Roush Racing Teammates Had At It

RacinToday.com


SportingNews.com


 »

Thursday, October 27, 2011

UC Davis opens horse stem cell lab - Sacramento Business Journal:

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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)

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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:

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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:

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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:

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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:

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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:

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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:

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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:

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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.