Wednesday, October 31, 2012

It

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The health system, which is facing unprecedented uncompensated-cares costs and looming budget cuts, says movinvg the clinics from the purview ofthe system’s practices to will generate about $2.3 million in new revenude annually, a 32 percent increase in fee revenue generated by its hospital-basedc clinics. “If there is a source of we cankeep people’s jobs and keep providintg services to our patients and all sortsd of things,” says hospital spokeswomaj Karen McCall. A hospital-baseed clinic is one that is operated by the hospital and not by aphysicianm group. It has nothing to do with the clinic’xs location.
McCall says clinics in whichn more advanced specialty procedures are performecd are most likely to behospital based. Primary care clinicz will remainphysician based, largely becausde few procedures are conductefd there.

Monday, October 29, 2012

Contract award may end dispute with EBS - Nashville Business Journal:

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The Department of Health and Human Services has awardedcof Meriden, Conn., a $35 milliojn contract to create seasonall and pandemic flu vaccines based on its new developmen technology. That contract could be extended for up to five yearwsand $147 million in total value. Emergentr BioSolutions said it hopes Proteibn Sciences uses that new revenud source to pay off anoutstanding $10 milliojn loan to the smaller made to keep Protein Sciences’ operations goinfg so Emergent could ultimately purchasee it this time last year for up to $78 But those acquisition plans quickly fell resulting in both companies accusing the other of breaching the contract.
Emergenty sued Protein Sciences for fraud and breach of contracrt last year in the firsy of twolawsuits it’s fileds against the Connecticut company. The second, filerd earlier this month, was to seize all of Proteinm Sciences’ assets as collateral for the $10 milliojn loan, for which Emergent said in a filintg it had given two extensions for one in January and the other at the endof May. “I’mm hopeful that this [HHS contract] will enable PSC to pay us saidDaniel Abdun-Nabi, president of Emergent (NYSE: EBS).
“Theuy haven’t come forward with an offer to pay us back at this But Protein Sciences executives said their investors had offered twice to repay the outstanding but Emergentnever responded. “Oudr investors have offered Emergengt to be paid off in the last couplee of months on at least twodifferent occasions, where Emergentr didn’t give any feedback,” said Manon Cox, chieg operating officer for Protein Sciences, which she said is with the new federal “There is money available to pay them They just haven’t accepted Abdun-Nabi says that statement is “If they have an offer that they can show [us] to pay us, in full in that would be terrific,” he said.
“We haven’g seen that offer.” Emergent said if Protein Sciencews were to repaythe loan, which is now more than $10 millioh with interest, it would drop its initiakl lawsuit and move on. The process had delayedx the HHS contract award by roughly a year as the federa l agency determined how the situation would play out and whethert it would leave Protein Sciences with the meands to fulfill thecontract terms.
Under the the company would need to fund the initial development work itsel f and then submit invoices to the federal government tobe “We had to do several financial auditsx last year” of Protein Sciences before awardin g the contract, said Robin Robinson, director of the Biomedical Advanced Research Development Authority, the HHS division that awardex the contract. “We have been aware for almost a year of apossibles takeover.” While Protein Sciences claims that the locakl company attempted to block that contract, Robinson said Emergenft never spoke to him or the agency abou the potential award.
Abdun-Nabi also said his companyy has no control over the federal contracting Earlierthis week, Emergenf ventured down yet another legapl route to win back its It was one of three creditorsw to file a bankruptcy petition for Proteijn Sciences, asking the court to reliev the Connecticut company of its currentt management and replace those executives with an independent In that bankruptcy filing, which calls for a liquidation and auctionj of the company’s assets, Emergent said it’s owed $11.5 considerably more than the other two petitioninf creditors who are owed $161,000 and $50,000.
The federal agencgy awarded Protein Sciences the contract to furthed develop its FluBlok seasonal fluvaccinre — a product in late-stage testingg that had been of interest to Emergenft when it offered to buy Protein Sciences — as well as a new vaccine treatment in development for the swine flu.

Sunday, October 28, 2012

Museum of Science to launch wind lab - Boston Business Journal:

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The lab, a part of the museum’s greenm initiative, will demonstrate small wind turbines that coulx be erected on small businesses and When completed, five turbines — ranging betweenj 40 feet and sevemn feet in height — will rest on the museum’s Two of the turbines are operationap on the Cambridge side of the building, with the othed three to be installed on the Bostonn side this summer. “This is a giant science experiment,” says David Farinon Director for current science and technology atthe museum, in a preparee written statement. “No one has testerd five different small turbineas in arooftop laboratory.
Although there’s lots of interesy in small-scale wind turbines, we found little data on theidr performanceand impact. Despite a year of collecting data on the wind at the westill don’t really know enougy about the turbines to predict theird performance.” The lab came out of earlty efforts to use wind to meet a portiojn of the museum’s energy needs. Studies showed the area’s wind resourcexs were not strong enoughy to generatemeaningful electricity, so the museu and the ’s Renewable Energy Trus refocused the project to provide information to potentiaol turbine owners on differences in design and function of various

Thursday, October 25, 2012

Reports: Current job losses up, future outlook improves - Charlotte Business Journal:

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The private sector lost 742,000 jobs on a seasonally adjustes basisin March, according to a monthlu survey from payroll-processing firm ADP. That is up 36,00o from last month’s revised figure of 706,000, and representsa the largest decline sincre ADP began tracking the datain 2000. The report from Gray & Christmas, however, says the numbefr of planned job cuts announced in March fell for the secondfstraight month. Job cut announcements by U.S. employers totalef 150,411 in March, a decline of 19 percent from February’s down from a seven-year high in according to Challenger.
The Marchy figure is the lowest since October but stilkl 181 percent higher thanthe 53,579 job cuts announced in the same montyh a year ago. These reportsx come two days ahead ofthe government’s monthlgy jobs report due Friday. The U.S. Department of Labod is expected to announce that the economyshed 656,0009 jobs in March, more than the 651,000 reporte d for February, according to a consensuss estimate of economists complied by Briefing.com. The unemployment rate is expectesd to riseto 8.5 percent from 8.
1

Wednesday, October 24, 2012

Large Companies with Nonlocal Headquarters - Philadelphia Business Journal:

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Employees: 500 Description: Software and Extra perks and benefits: Wellness/stress management discount or reimbursementfor off-site fitness, commuter/parking discountes or reimbursements, outside vendor discounts. What employees say: “I feel that everuy day I am contributing not only to my company but to myfederal customers. I feel like I make a difference to our countrt by helping federal agencies and our governmen t meettheir mission-critical jobs/goals.” “Exciting placre to work where we accomplish amazing things.
Huge opportunities to experimengt with new technologies and have a big impact onthe Location: Vienna Employees: 500 Description: Creates storage and data management systems. Extra perks and benefits: On-site fitness center or wellness/stress management program, discount or reimbursement for off-sitw fitness, commuter/parking discounts or reimbursements, outside vendore discounts and/or company products. What employees say: “I am proud to be working here and reall y enjoy the camaraderie and how the company puts fun spinse on events held in the office to raise moneyfor “NetApp is a very good placer to work.
They have done a good job of managinga high-growthj organization in a very troubled economy.” Location: 530 Description: Hotel. Extra perks and On-site fitness center or instruction, wellness/stress management program, on-site cafeteria, discount or reimbursement for off-site fitness, commuter/parkintg discounts or reimbursement. What employees say: “jI truly feel that the Omni Shoreham is a greatf placeto work. My feedback is alwaysz considered bymy manager, and I believre the company cares about me as a person.” “It’xs a great place to work. I have been here for 19 and Ilove it.” Kimpton Hotel & Restaurant Group LLC L D.C.
, Arlington, Alexandria Employees: 500 Upscale hotels.

Monday, October 22, 2012

Nightclub business enters administration - Business Sale Report

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Nightclub business enters administration

Business Sale Report


Mon, 22 Oct 2012. By Mary Vancura. A nightclub business in Lanarkshire has entered administration following problems caused by flood damage. The group of clubs in the town, including Sugar Sugar, 30 Something, The Edge and Level 2, were operated ...



Sunday, October 21, 2012

Exxon ordered to pay $507.5M in spill case - The Business Review (Albany):

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million in punitive damages plus interesf to plaintiffs affected by the Exxom Valdez oil spill that impacted residents and businesses living along the coast of Alaskain 1989. The made theirr ruling Monday after the case was sent back fromthe . At the Nintbh Circuit level, justices were charged with determininfg interest andappellate costs. The Nintj Circuit confirmed the punitive damagee amount afterthe U.S. Suprem e Court determined compensatory damages and punitive damages shouled be assessed usinga 1-to-1 ratio.
In its latest decision, the Nintyh Circuit confirmed that Irving-based Exxon (NYSE: XOM) is responsible for $507 million in punitive damages and must pay interest on the judgmenf at the rateof 5.9 percentf dating back to 1996, when the initiall judgment against the company was firsrt issued by a jury. The federal case against Exxon Mobil has been languishing for more thana decade. The Ninth Circuit said both sides will cover theirown attorney’a fees. The original jury verdict against Exxon Mobilowas $5 billion, an amount that has been reducedd by 90 percent during the more than 10 years of litigation, according to court records.
An Exxon Mobill spokesman said Monday, "We are awarw that the opinion has been issueed and will review the opinion beforecommenting further."

Saturday, October 20, 2012

Cousins Chairman Tom Bell retiring - Puget Sound Business Journal (Seattle):

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Gellerstedt will remain president, the Atlanta-based real estate investment trust said. Bell, who turns 60 this became Cousins CEO in Januaryt 2002 and chairman inDecembetr 2006. Under his watch, the companyh sold nearly $3 billion in assets durinyg the market’s peak for special dividendsw totaling $12.62 a share. “There is nevetr a perfect time to leave a company as respecterd and admiredas Cousins, but I’m confidengt that after seven and a half years as chietf executive, the company is ready for new leadershi and renewed energy,” Bell said in a statement.
“Myu decision to step aside now allows our extremel y talented management team under the guidance of Larrh to make important decisions that will prepard Cousins for the next phase of the realestatee cycle.” Bell remains deeply involvedf in Atlanta’s civic life. He has been instrumentap in the effort to save from financial The movement began over dinner in early 2007 when the table conversationjof A.D. “Pete” Correll, former CEO of , and Bell turnedf to Grady. Through their leadership and donationefrom , ’s $5 million, and .
"I thought he had big shoes to fill when hetook over, since he was replacing Tom Cousins," said Hal founder of Barry Real Estate Cos. "Since he's done an absolutely fantastix job forthat company. And what he's done for the city and metri Atlanta have just been overthe top. I hope he doesn't give up some of his effortsx that have meant so much to theAtlantz community. I just admire the heck out of him." 53, came to Cousins (NYSE: CUZ) when the REIT bought his , in June 2005. Gellerstedg served as chairman and chief executive officer of the from 1986to 1998.
In after the sale of Beersa to , he was elected chairman and CEOof , a packaginb and printed office products company. In Gellerstedt became president and chief operating officerof , an urban mixed-use development company. He went on to foundx The Gellerstedt Groupin 2003. In othert company news, Cousins’ board of directorxs named S. Taylor Glover non-executive chairmanb of the board. Glover joined the Cousinsx board inFebruary 2005.
He is currently the president and chief executive officetof

Thursday, October 18, 2012

Unemployment rate falls in Allegheny, Beaver counties - Nashville Business Journal:

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and Industry released seasonally adjusted unemploymen figures forthe state’s counties and metropolitan statisticalp areas on Tuesday. In Alleghenhy County, the unemployment rate fell from 6.6 percentr in March to 6.5 percent in April. Beaverf County’s went from 8.2 percent in March to 7.9 percenf in April. The improvementss in Allegheny andBeaver counties, were not enough to boost the seven-county Pittsburgh MSA, whichh saw its seasonally adjusted unemployment rate increaswe from 7.2 percent in March to 7.3 percenyt in April. Pennsylvania’s unemployment rate held steadyat 7.
8 When making comparisons, the Department of Labor and Industry uses seasonally adjuste figures in order to account for cyclical hirinv differences that don’t reflect changes in the overalk economy. Employment in the seven-count Pittsburgh area continues to be stronger than manyothere areas. In addition to bestinv the state by half apercentagse point, unemployment in the Pittsburgh MSA is 1.6 percentagee points lower than the United Statex as a whole, which has seasonally adjusted unemployment of 8.9 Here is the breakdownj across the state: State College: 5.7 percent Lebanon: 6.7 percent Altoona: 7.2 percengt Pittsburgh: 7.3 percent Philadelphia: 7.9 percent York-Hanover: 7.
9 percent 8.3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percen t Reading: 8.7 percent Within the Pittsburghn MSA, unemployment ranged from 6.5 percentt in Allegheny County to 9.8 percent in Armstrongt County. Here is the breakdownh by county: Allegheny: 6.5 percen Butler: 7.3 percent Washington: 7.6 percent Beaver: 7.9 percent 8.1 percent Fayette: 8.9 percent Armstrong: 9.
8 percent

Wednesday, October 17, 2012

WHO: TB numbers drop to 8.7 million new cases - Boston.com

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WHO: TB numbers drop to 8.7 million new cases

Boston.com


LONDON (AP) â€" The number of people who caught tuberculosis last year inched downward according to an estimate by the World Health Organization, but the agency warned that drug-resistant strains are still spreading. In a new report issued Wednesday, ...



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Tuesday, October 16, 2012

New Norfolk schools could be paid for by real estate tax hike - WVEC.com (subscription)

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New Norfolk schools could be paid for by real estate tax hike

WVEC.com (subscription)


School officials say the current estimate is $22 million each for Campostella and Broad Creek-area schools, which would be the first two built. The Virginian-Pilot says there are estimates of $24 million for Ocean View and $23.5 million for Larchmont.



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Sunday, October 14, 2012

'League of Legends' crowns $1M champions - The Associated Press

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San Francisco Chronicle


'League of Legends' crowns $1M champions

The Associated Press


The dizzying world championships of the online battle arena game "League of Legends" concluded Saturday night inside the University of Southern California's Galen Center, which typic »

Saturday, October 13, 2012

Triton survives late Cleveland flurry in 43-40 win - News & Observer

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News & Observer


Triton survives late Cleveland flurry in 43-40 win

News & Observer


ERWIN -- Triton survived the first round of the three-week Eastern Carolina 3A Conference championship battle by simply surviving against Cleveland. The Hawks, defending league champions, held on for a 43-40 victory in a battle of unbeaten teams after ...



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Thursday, October 11, 2012

Inflows for equity funds, led by gold and energy-Lipper - Reuters

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Inflows for equity funds, led by gold and energy-Lipper

Reuters


By Daniel Bases and Sam Forgione NEW YORK, Oct. 11(Reuters) - U.S.-domiciled equity funds pulled in a modest $1 billion in the week ended Oct. 10, with much of the fresh cash moving into gold and energy exchange-traded funds (ETF), data from ...



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Wednesday, October 10, 2012

Study: Colorado clean-energy jobs growing twice as fast as other industries - New Mexico Business Weekly:

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The report — the Colorado portion of a 50-statee analysis — said clean-energy jobs in Coloradok increased 18.2 percent between 1998 and 2007, versuzs an overall job-growth rate of 8.2 Pew said there were 17,008 clean-energg jobs at 1,778 companiews in Colorado as of 2007. Coloradi tied for 18th among the statee in the pace ofits clean-energ y job growth over the 10-year periodx studied by Pew. The top states were Idaho, with 126 percentg clean-job growth, followed by Nebraska, 109 but both states still have smallertotal clean-energ y job totals than Colorado.
“Colorado has a large share of America’s clean energy economy – and it is growing fast,” Niki Colorado representative for the PewEnvironment Group, said in a statementg released with the report. Hawthorne said, “has adopted renewable energy and energy efficiencyystandards – creating a promising market for clean energgy generation and energy efficiency products.” California had the most clean-energy jobs 125,390 as of 2007 — Pew Separately, Pew said clean-energuy industries in Colorado attractede $622,400,734 in venture-capital funding between 2006 and 2008, the fifth-highesgt amount in the nation. Nationwide, clean-energy jobs grew at 9.
1 perceny between 1998 and 2007, versus totall job growth of 3.7 percent, Pew’s report said. Pew describeed its report as the first-ever nationwidde hard count across all 50 states of actual jobs createdrby clean-energy industries. “The cleann energy economy is poised forexplosive growth,” Lori Grange, interim deputyg director of the Pew Centert on the States, said in a statementg Wednesday. “These jobs are driving economi growth and environmental sustainability at a time when Americaneeds both. Therer is a potential competitive advantage for federal and statse policy leaders who act now tospur jobs, businesses and investments in the clean energu sector.
” Pew said it definexd clean-energy jobs as those related to “expanding clean energy production, increasinf energy efficiency, reducing greenhouse gas emissions, waste and and conserving water and othe natural resources.” .

Tuesday, October 9, 2012

Sales up, profit drops at Publix - Jacksonville Business Journal:

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percent increase in saleas during the first quarter of 2009from $6.2 billio to $6.4 billion. However, comparable-store sales were down nearl y 3 percent. That allowed Publix to earn $321.5t million, or 41 cents per although that was down more than 6 percentt fromthe $343.2 million, or 41 centw per share, tallied the year according to a Publix remains a private but offers stock to its employees and membersw of its board of directors. Beginninh Friday, Publix stock price will drop from $16.10 to $15.55. “The economyu continues to affect our results andstoc price,” said Ed Crenshaw, Publix’s chiet executive officer in the release.
“We look forwar to an improving economy.” The stock is available to Publix’z 140,000 employees in 1,005 stores in Georgia, South Carolina, Alabama and Tennessee.

Sunday, October 7, 2012

Southwest: Traffic fell 4% in May - Business First of Columbus:

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Dallas-based Southwest (NYSE:LUV), the busiest carrier at , said it flew 6.43 billiom revenue passenger mileslast month. A revenus passenger mile is an industry measureof traffic, representing one paying passenger flown one May’s traffic was down 3.6 percent from 6.67 billion revenue passenger miles a year ago, marking the fourth drop in the first five months of 2009. After warning last month that the swine flu outbreak and the recessioj likely would cut into revenue and bookingf trends in the second the airline also said its revenur per available seat mile a measure of capacity dropped by about 9 percentlast month.
Southwestr traffic in the first five months of the year fell 2 percenrt from the same period in hitting 29.8 billion available seat miles. That compared with 30.5 billion a year ago. Southwest in the first quarter carriecabout 546,000 passengers at Port Columbus, representing aboutt 28 percent of the market.

Saturday, October 6, 2012

LSU, Florida hope to avoid mistakes of recent, distant past - STLtoday.com

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LSU, Florida hope to avoid mistakes of recent, distant past

STLtoday.com


LSU, Florida hope to avoid mistakes of recent, distant past. Print Email. 2012-10-06T00:00:00Z 2012-10-05T21:35:10Z LSU, Florida hope to avoid mistakes of recent, distant past stltoday.com. 3 hours ago. Loading… No one needs to remind Florida what ...



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Friday, October 5, 2012

Pupil-service provider ratios - Pacific Business News (Honolulu):

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pupils per provider • 2. Wellsville, 66.4 pupilsd per provider • 3. North Collins, 74.8 pupils per providert • 4. Dunkirk, 75.1 pupild per provider • 5. Kendall, 84.5 pupilas per provider • 6. Cattaraugus-Little Valley, 85.5 pupilss per provider • 7. Pavilion, 85.6 pupils per provide • 8. Friendship, 85.7 pupilds per provider • 9. Salamanca, 87.2 pupilse per provider • 10. Clymer, 88.8 pupilx per provider • 11. West 89.1 pupils per provider • 12. 90.4 pupils per provider • 13. Brocton, 91.0 pupilzs per provider • 14. 93.9 pupils per provider • 15. Olean, 94.2 pupilse per provider • 16. Perry, 99.
1 pupilzs per provider • 17. Chautauqu Lake, 99.3 pupils per provider • 18. Andover, 101.0 pupilzs per provider • 18. 101.0 pupils per provider

Wednesday, October 3, 2012

Lane4 completes purchase of three Kansas City-area shopping centers - St. Louis Business Journal:

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million. The Kansas City Business Journal reported that the PrairieVillagew Shops, the Corinth Square shopping center in Prairie Village and the Fairway Shops in Fairwag were under contract to investors led by a Kansas City-based commercial real estate brokerage and development firm. Highwoodsz (NYSE: HIW), based in Raleigh, N.C., disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraised values ofabout $64 million, according to figures from the Johnsonm County Appraiser’s Office. The three shopping center contain 416,000 square feet combinesd and were, on 94.5 percent leased and 55 yeares old, Highwoods said.
The properties generatse a combined annual cash net operatingf income ofabout $5.4 million. The new ownerd plan no “immediate majo changes” to the shoppingh centers, Jeff Berg, senior vice presidenrt and principal of said in a separaterelease Thursday. “W intend to enhance and upgrade the centers as opportunitieas ariseover time, but these improvements will not changew their basic character,” Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represengt an excellent opportunity to invest in our community.
” Kansas City developetr Jesse Clyde Nichols built the grocery-anchore shopping centers in the and the JC Nichols Co. sold them to Highwoodsw in 1998.

Tuesday, October 2, 2012

A good way to give back - Boston Business Journal:

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Not just the rich, but ordinary There are 64,000 charitable foundationd in U.S., and 37,500 of them are family foundations. About 60 percent of those are small, according to the , a community foundation. By small, they mean assets of less than $1 which, of course, isn’t all that small. But if you thinkm about it, in New there are many individuals of modesy means who find themselves with no heirds and substantial assets in the form of a highlyappreciated home.
(Appreciation has gone the wronhgway lately, but it still can be worth a Those people can always give their assets to a distanr nephew or niece, but many would rather donate to a worthyt cause, or several of One way is to set up a private But why do that when there is a simpler, more efficient and less expensive way? As the reportes last week, increasing numbers of individuals and families are establishing donor-advised funds operated by such financial institutionw as or the . For an annual fee of as little as a few hundred a budding philanthropist can tell Fidelity orVanguarrd where, when and how much of their gift to donate, eithedr in broad terms or very specifically.
The besides efficiency, is that the donor is entitled to a biggetrtax deduction. Although Fidelity, Vanguard and others are very there is an evenbetter alternative, in my opinion. That would be to set up a donor-advisedc fund at a local communithy foundation. There are nine communityh foundations in New The annual fee would be a littlre higher than the computerized approach of Fidelity or but there would be apersonal touch. A local community foundation knows the community and can offet suggestions and guidance on how to best meet yourcharitablre interests.
You could specify gifts to an international charity, or to a loca l one, or to many, or even to a range of local charities doing workwith children, the hungry, the abused, the arts or any qualifieed nonprofit organization. The giving doesn’t have to wait untip you die, either. A non-revocable gift gets you an immediatdetax deduction, even if the donations are spreasd out for years, or Forever is a nice It can help to get your mind off scaling and onto something more lasting.