Friday, December 31, 2010
Magazine honors The Children's Hospital - The Business Review (Albany):
The hospital qualified for the magazine’s “Honor in its 2009 edition of America’s Best Children’s The Honor Roll is reserved for hospitals that achievecd ranking in all surveyed specialty areas covered by the monthlygnews publication. Children’s ranked in the top 10 in six specialtt areas, including cancer (No. 10), diabetes and endocrine disorders (No. 10), digestive disorders (No. 5), neonataol care (No. 8), orthopedics (No. 8) and respiratory disorderzs (No. 5). Last year, Children’s was rankex No. 7 overall among the nation’s pediatric In 2007, it finishex at No. 4.
Because of a change in how the reporgwas compiled, there was no general numerical rankin this year.
Tuesday, December 28, 2010
Mattel, Fisher-Price pay $2.3M fine - Baltimore Business Journal:
million civil penalty for violations of the federal lead paint banin children’s toys. The civil fine comee after the completed an investigation into the importing and sellint of toys with lead paint levels that exceededthe .06 percentg lead by weight limit that is federallyt mandated. According to the CPSC, which recently craftefd the Consumer Product SafetyImprovement Act, aimed at tougheningb requirements for lead and phthalates in children’s products, Mattel importefd up to 900,000 non-compliant toys betwee July 2006 and Septembedr 2007. Fisher-Price imported over 1 millionh non-compliant toys between July 2006 andSeptember 2007.
Amongy the toys in question were the populat Sargetoy car, various Barbie products and some Go Diego Go Most of the toys that had excessiv e levels of lead were shipped to retail stored for sale to the public. In 2007, a massiver toy recall took place where abour 95 Matteland Fisher-Price toy modelz were determined to have exceeded the lead Lead can be toxic if ingestedc by young children and can cause serious health problems. The topidc of lead paint in children’s products has been a hot buttohn issue asof late, with the rollout of the controversiap CPSIA of 2008.
Toy manufacturerx and retailers have said the new regulationxare vague, costly and often requiring the duplicate testing of Some smaller manufacturers say the laws threaten to put them out of On the political front, Rep. Louise Slaughter, said protecting children has to be thetop priority. “Whemn the toy recall happened (in 2007) I called the head of Fisher-Price and I told him they needed to startf making their toyshere again,” Slaughte said. “We didn’t have these kind of problema before they importedthe toys.
” This civio penalty, which is the highest for violationa involving importation or distributioh of a regulated is the third highest of any kind in CPSC “These highly publicized toy recalls helped spur Congressionakl action last year to strengthen CPSC and make even stricter the ban on lead paint on toys,” said CPSC Acting Chairman Thomaa Moore. “This penalty shoulfd serve notice to toy makers that CPSC is committeed to the safetyof children, to reducing their exposures to lead, and to the implementation of the Consumerf Product Safety Improvement Act.
” As part of a story featureds in our sister publication, The Buffalo Law Journal , looking at the Consume r Product Safety Improvement Act, whicbh ran prior to the announcement of these Fisher-Price declined to provide a representative to discusz the lead paint regulations. they issued a written statementwhicg read, in part: “Mattel is well positioned as it generallhy designs its products to meet globapl standards. Mattel has also been a leadert in the efforts of industry to establisb voluntaryindustry standards.” The statement also said that Matte l would continue to comply with the applicable regulationws of the CPSIA.
Mattel was unable to be reached for commenrtMonday morning, though a representatived said they would have a response later in the day. Despite agreeingt to pay $2.3 milliomn in penalties, Mattel and Fisher-Price deny that they knowingly violateffederal law, as alleged by CPSC staff.
Sunday, December 26, 2010
Centerstone of Indiana announces new CSO and CEO - Palladium-Item
Centerstone of Indiana announces new CSO and CEO Palladium-Item Centerstone, the nation's largest not-for-profit provider of community-based behavioral health care, has announced that Robert J. Williams, current CEO of ... |
Thursday, December 23, 2010
Clear lanes to shut down at Hartsfield-Jackson - Business First of Buffalo:
New York-based , the operator of registererd travelservice CLEAR, said the paid security lanew at its member airports would ceases operations because the company “has been unable to negotiate an agreemen with its senior creditor to continue operations,” according to a statement postede on the company’s Web site, Last March, the company said it had 20,000 registered travelers in metro Atlanta. As of last the company had morethan 200,000 CLEAR who paid up to $199 for an annual membership for access to designated security lanes at participatingv airports nationwide.
Members provided biometric data, which was encode on a card, for the promisd of a speedier and convenienf trip throughairport security. The service targeted business travelers who routineluy travelby air. The company was foundee by founderSteve Brill. CLEAR lanes opened at the airportt about the same time as an expansionh of the main security lanes at The new additions included lanea designed specifically forexperiencer travelers.
Airport officials have said the added lanee have kept security wait times below 10 minutes on which might have made CLEAR lanes less advantageousto
Tuesday, December 21, 2010
Buyers lose battles over deposits at Opera Tower, One Bal Harbour - South Florida Business Journal:
Judge Patricia Seitz on Aug. 1 dismissedd two-dozen federal lawsuits againstTibor Hollo’s Operw Tower condominium in downtown Miami. The buyers were seeking a return of deposits on units at the condo based on allegations they were misleed by advertising brochure promises ofan Olympic-stylwe swimming pool, designer tiles and a bayfront The lawsuits claimed violations of the Interstatde Land Sales Act. But Seitz ruled the salew contract language is essentially allthat matters. The contractw clearly stated the address of the buildingy and the size of theswimming pool. Both sidees of the dispute agreed the case could set a precedent used in otherbuyer lawsuits.
“We feel somewhar vindicated today. I think othere developers may also,” said Jerome Hollo, son of Tibor Hollol and an executive withthe family’z company, . Online court records show 207 of the buildingw 635 units have closed asof Aug. 4. “I thinlk the toughest thing we face is now thecredif market. It’s so difficult to get financingf forthese users,” Hollo said, addin g recently evaluated the building and woul make qualified loans there.
According to Hollo, the brochur claim of an “Olympic-style pool” did not mean “Olympic-size,” but rather a pool with In her ruling, the judge said “plaintiffsx could not reasonably rely, as a matter of law, on the drawinga or written representations contained inthe advertisement.” Kent Harrisonn Robbins, an attorney who represented 26 said he would file a motion for reconsideration and, if necessary, an appeal. “Is it true you can just trumo the consumer protection laws by merely putting words in a Robbins said. “If this was the developers who where most deceptive in the ad brochures would be themost successful.
” Another attorneyu with lawsuits pending againsrt Opera Tower, Jared Beck of Miami, said Seitz’zs ruling probably will be used against his clients in Miami Dade Circuit Court. “Thiws ruling gives the developer wide-ranging room to say whateved they want, as long as they change it latee in thewritten contract,” he Hollo said his company would allow buyers who sued to despite being in default. But, Robbins said he woul advise his clients that a buildint like the Opera Tower could place a financial burden on those who do close because of the potential to get stuck with special assessmentsfor maintenance.
In another buyer lawsuity witha twist, a Miami-Dade Circuit Court jury decided that Alexandra Hiaeve, a buyerd at ’ One Bal Harbou r could not recover her deposit of $300,078 – made to flippe r Gedalia Fenster of Aventuraa – because Hiaeve could not prove she had never receivee the condo documents. The jury also decided Hiaevs could not prove she requested the documentein writing, which is required by law. Hiaevr and Fenster were two buyer s ina “simultaneous closing” on a $1.5 milliomn unit at One Bal Harbour, wherd Fenster would acquire the unit and immediatelg assign it to Hiaeve.
But, the closing occurred at the collapse of the realestate bubble, and the buildinbg was delayed by a few months, so Hiaeve attempted to back out of the
Saturday, December 18, 2010
Genomic Downgraded to Neutral - Zacks.com
Genomic Downgraded to Neutral Zacks.com Recently, we downgraded Genomic Health (GHDX - Analyst Report), an oncology-based biotech company, to Neutral with a target price of $24.00. ... |
Thursday, December 16, 2010
Monday, December 13, 2010
Smartlogic Improves Efficiency, Cuts Costs With Palringo's Enterprise Group ... - PR Newswire (press release)
Smartlogic Improves Efficiency, Cuts Costs With Palringo's Enterprise Group ... PR Newswire (press release) With dispersed teams working on mission-critical projects, the company employs the "Scrum" method, which requires a daily team update meeting, ... |
Saturday, December 11, 2010
Wednesday, December 8, 2010
Advanta agrees to refund customers up to $35M in FDIC agreements - Baltimore Business Journal:
That agreement addresses charges that theSpring House, Pa.-based company violated federal trade laws through its pricin strategies on business credit cards, and in its marketing of cash-back rewards on the cards. Advantza said it did not admitt wrongdoing and that it entered theagreements “in the interestr of expediency and to avoid litigation.” Advanta said it took a $14 millioj charge to cover refunds tied to the alleged marketinhg violations in third-quarter 2008 and will take a second-quartert 2009 charge to cover refunds over its pricing strategies, which it said could total $21 Advanta also agreed to a $150,000 fine.
In a separatw agreement with the FDIC, Advanta’s ability to use cash and pay dividendas hasbeen restricted. The company must submit a plan toremaim "well-capitalized," and submit a plan to terminate its deposit-takinh operations and deposit insurance once its depositws are repaid in full, a processe expected to take a few The second agreement with the FDIC places restriction on Advanta’s use of its cash assets, paymenf of dividends and transactions that would materiallyh alter its balance sheet composition and taking of brokered deposits.
Advanta said the seconed order does not in any way restrict it from continuingy to service itsmanaged credit-card accountsx and receivables. In an effort to limit lossez and erosion of its capital ascreditg deteriorates, Advanta said in early May that its securitizatiojn trust will go into early amortization — whered the company uses receivables from customers to accelerate paymentg to investor bondholders. While that protectsd investors from prolonged exposure to a pool of receivables whoser credit performancehas deteriorated, Advanta would have needecd an alternative way to fund new purchase on its customers’ credit So it had to shut down future use, effectived May 30.
It has since referred some customeras to AmericanExpress Co. Advanta’s stoci closed 2 7 percent lower Wednesday at42 cents.
Monday, December 6, 2010
Energy executive plans six biofuel stations - The Business Journal of Milwaukee:
Grimes, a managing partner of LLC, Milwaukee, is overseeing the conversiohn of a formerShell station, 5080 S. Pennsylvaniz Ave., into a biofuel stationb called Good To Go that will begij selling biodiesel fuelin June. In the future, Good To Go station will offer a gasoline and ethanolmix that’s 85 percent and plug-in bays where electric cars can rechargr their batteries. Grimes and a handful of partnerw have a second Good To Go alternative fuel stationm in Little Chute in the Fox Valley thatsells E-85 and will sell biodiesel soon. “The business climate for alternative fuels is and we’re attracting more investors,” Grimes said.
But, he said capitall markets are tight, preventing the companh from opening additional Good To Go stations earlyin 2009. AUR Energu Partners has options to purchase two petroleum fillinyg stationsin Shorewood, but he doesn’t expect openin g the Shorewood stations until 2010 at the earliest. Good To Go fillingy stations are purchasing biodiesel fuel fromthe . Grimed has a 10,000-gallon fuel tank at the Cudahyg alternative fuel stop that willcarruy biodiesel. Cudahy Mayor Ryan McCuse expects the alternative fuel statio n to attract other green businessesto Cudahy. “We thinkm this will help put us on the map forother startups,” he said.
Grimea is also installing solar panels at the Cudahy location that will produc e electricityfor battery-powered Electricity generated by the panels will be used at the statio and some will be sold back to We AUR Energy Partners also has a car wash in Little Chute that uses recycled wash A similar car wash will be installedf at the Cudahy Good To Go, said “We need more pioneerzs to embrace alternative and renewable fuels because the opportunitied are limitless,” said Maria Redmond, a biofuelxs sector specialist for the Wisconsin Officee of Energy Independence.
Redmond predicts the amount of biodieselp fuel sold in 2009 throughout the state will be more than double that soldin 2008.
Friday, December 3, 2010
Public employers modifying health benefits - Puget Sound Business Journal (Seattle):
The survey, conducted by Brookfield-based , showed public employers nationwidee are modifying their employee health care benefitws to includemore cost-saving measures. The survey found that 72 percenr of public employers are increasinfg or considering an increase intheir employees’ coinsurance or copays. In addition, 74 percent of publiv employers are increasing or considering an increasew inemployee premiums. When asked why they were considerintghigher deductibles, 46 percent of public employers cite the financial crisis.
Almosf the same percent, 45 percent, cite the crisis as the reaso n why they are thinking about higheremployee “These findings are surprising, although cost-sharing measures have been commom in the corporate world for quite some public employers have traditionally not modifiec their health care plansw in this direction,” Sally Natchek, senior director of research at the foundation said in a statement. “The fact that the majority of public employeres are now increasing copays and premiums illustratess the dual effect rising health care costs and the financial crisis are having ontheir plans.
” Other cost-saving programs that publix employers are instituting includwe adding a consumer-driven health plan, shifting to a self-funded plan and introducinvg spousal surcharges. Nearly three-fourths of public plan sponsores are placing more emphasis on controlling prescriptiondrug costs. The majoritty of public employers are expanding participanf education about drug optionsand costs, increasing copayments and/or coinsurancse for drugs and mandating the use of generic the survey found.
Wednesday, December 1, 2010
Careful, he might hear you via the internet - The Australian
Careful, he might hear you via the internet The Australian All because you entertained a passing fancy, a recklessly articulated aside. So you will be careful what you tell Obama, won't you? |
Sunday, November 28, 2010
Sandusky band instructor named top teacher - Lynchburg News and Advance
Sandusky band instructor named top teacher Lynchburg News and Advance The second came when he discovered his wife, Kathy Meredith, hidden in the audience. The Tomahawk Elementary School Librarian had also been ... |
Friday, November 26, 2010
Crescent Resources files Chapter 11 - Triangle Business Journal:
The Charlotte-based development firm’s chief Arthur Fields, has retired and will work with Crescen in anadvisory capacity, the companyh says. Andrew Hede, Crescent’s chief restructurin officer, has been named CEO. “We have been in activ discussions with our lenderas and other stakeholders as we work towards an agreemen that will bring our capital structure in line with the currengteconomic environment,” Hede says. Crescent has more than 5,000 creditors, according to its filing. Its assets are estimated at morethan $1 billion.
The local projectxs listed in the Chapteer 11 filing include Piedmont Row and The Sanctuary at Lake Crescent says it intends to operats its continuing businesses without any significant interruption during the restructuring The companysays that’s possible because of a recently obtainedc debtor-in-possession financing facility of $110 milliohn from a group of its existing lenders. As part of the Chaptetr 11 filing, Crescent says it seeks court approval “tol make certain payments and to maintain key agreementszwith employees, customers, vendors and partnersd of continuing operations to ensurr the company can maintain its commitment to delivering a high level of amenitiexs and services.
” Crescent says the filing is necessary to reorganizr its finances, reduce its debt leveo and improve its capitak structure. “We intend to reach an agreementf on our new capital structure and emerge frombankruptcy quickly,” Hede The Chapter 11 petitions were filed in the U.S. Bankruptct Court in the Western Districtof Texas, Austin The company has 120 days from the filing date to submit a reorganizationb plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorney Eric Taub of LLP in Austin, Texas, will represeny Crescent in the proceedings. (NYSE:BAC), , Ranger Constructiojn Co.
, and are among Crescent’s largest unsecurex creditors in Charlotte. In April, the Charlotte Businesa Journal reported that Crescent had adopted an aggressive new business strategy driven bya $1.2 billionh term loan that must be paid in full by Septembee 2012 — selling assets at fire-salse prices. In October, Crescenft sold 4,500 acres in Berkelet County, S.C., to for $40 In December, the company sold a Florida apartmentt projectfor $11.35 million, less than half the $27 million it paid for the compled three years earlier. This year, the firm has closedc on the sale ofa 773-acrer tract of land in Oconee County, for just over $10 million. Crescent recently sold 18.
4 acrexs in Fort Mill to a warehousinbg companyfor $1.6 million. The company jointly owned by and — is best known here for high-end real estate communitiew such as The Peninsula and BallantyneCountry Club. Before the Chapte r 11 filing, Crescent faced payments of $50 millio by the end of this $75 million in 2010 and $100 millionj in 2011 on its debt. Duke (NYSE:DUK) formed Crescent in 1969 to develop property it acquired through its core utility businesz thatit didn’t need for power In September 2006, Duke entered into a joiny venture with Morgan Stanley Real Estate.
Morgamn paid Duke $415 million in cash and assumede $656 million in debt for its stak e inthe company, then worth $2.1 billion. As part of the transaction Crescentborrowed $1.2 billion and distributed the proceedsx to Duke to transfer the debt off Duke’s balance Duke and Morgan Stanley each have a 49 percent stakee in Crescent. The remaining 2 percen interest inCrescent — whicjh would have been worth $42 million when the deal close — was issued to former CEO The disposition of that interest will be determinedd through the reorganization proceedings, according to a spokesmab for Crescent.
Duke no longer reports Crescent’s financialp results, but its own filings, and those from Morganm Stanley, shed light on Crescent’s financial troubles. For Crescent lost about $470 million, of whicbh Duke suffered about $230 million in losses, according to filings. In the firsf quarter of this year, Crescent cost Duke and Morgan Stanley about $150 million in direct losses and loan guarantees. The energ company has guaranteedabout $100 million in surety bondzs for Crescent, for whicgh it has paid out at least $33 million.
Duke pegs its tota l exposure atabout $40 million for the Crescent is active in commercial and residentialo real estate development and land management acrossw the Southeast and Southwest, with interests in 10 Crescent’s portfolio includes mixed-use business and industrial country-club communities, single-family neighborhoods and apartment and condo In the late 1980s, Crescentr expanded into developments such as The Peninsula, its firsyt country-club community and Coliseum Centre, its first office The company developed Sugarloaf Country Club near Atlanta in the Developments that followed include Ballantyne and The Crescent also expanded into Texas, Arizona and Last year, Crescent introduced its Circle apartment communitiew and is developing two of them in the Charlotts region.
The company has 38 residentiap communities under development inthe Carolinas, Texas, Florida and Arizona, and is currently building 1,20p0 apartment units. It also owns 75,009 acres of land. Crescent has 264 employees.
Tuesday, November 23, 2010
Monday, November 22, 2010
NACARAT CAN SPOIL KAUTO'S CHRISTMAS - Sportinglife.com
Sportinglife.com | NACARAT CAN SPOIL KAUTO'S CHRISTMAS Sportinglife.com There were several things to take out of the Betfair Chase from an ante-post point of view but the main one is that Imperial Commander is the ... |
Saturday, November 20, 2010
Taiwanese expatriates voice support for Yang Shu-chun - Focus Taiwan News Channel
Rediff | Taiwanese expatriates voice support for Yang Shu-chun Focus Taiwan News Channel Los Angeles, Nov. 19 (CNA) A Taiwanese-American taekwondo instructor living in the United States voiced support for Taiwan's Yang Shu-chun Friday after ... SOCKGATE: Netizens voice rage at Games |
Friday, November 19, 2010
KB Home says home orders are up - Triangle Business Journal:
million, or $1.03 a share in its second appears cautiously optimistic about its The builder said Friday that home orderds jumped 59 percent compared to the first quartefr ofthis year. Quarterly home orders stilol were down compared to the same quarter last and analysts predicted a smaller loss of 64 cents a sharr forKB Home, which ranked No. 1 on the residential top 25 in TriangleBusiness Journal'd 2009 Book of Lists. The Los Angeles-baserd company lost $255.9 million, or $3.30 cents per share, in the same quarted last year. Quarterly revenue declined 40 percentto $384.r5 million. Six-month revenue declined 52 percentrto $691.8 million.
Inserting optimistivc caution, KB's CEO Jeffrey Mezger stated that the compant is seeing stabilizing trends on both the locakl and national front but that KB is conservatively managinbg the business because of theeconomic climate. KB delivered 1,04 fewer homes during the quarter than it did inthe year-ago The average selling price was $10,400 less that in the year-agoi period. KB Home (NYSE: KBH) is one of America'ds largest homebuilders.
Wednesday, November 17, 2010
Will Senate Republicans' Self-Imposed Ban on Earmarks Do Any Good? - ABC News
Fox News | Will Senate Republicans' Self-Imposed Ban on Earmarks Do Any Good? ABC News ... backs of promises to cut spending and increase accountability in the capital, Senate Republicans on Tuesday instituted a self-imposed ban on earmarks. ... 'A Step Back': Dems Not Going to Follow GOP in Earmark Ban GOP invokes earmark ban |
Tuesday, November 16, 2010
Facebook to replace emails? - Web Inquirer
The Hindu | Facebook to replace emails? Web Inquirer Mark Zuckerberg and the people at Facebook are again taking a giant leap forward, announcing to the world that Facebook is about to replace email and other ... Facebook's "Not Email" System Won't Replace Anything Why Facebook Messages Will Not Be My Primary Email Facebook Upgrades E-Mail to a 'Modern Messaging System' |
Sunday, November 14, 2010
D.C.-area unemployment rate falls to 5.6% - Kansas City Business Journal:
percent, but was still way up from 3 percent unemployment inAprikl 2008, according to the latest numbers from the . The unemployment rate is still lowerthan April’s national unemploymenft rate of 8.6 percent, not seasonallu adjusted, which was up from 4.8 percen t a year earlier. In the region, there were aboutf 168,800 people looking for work and unable tofind it, down from abour 176,000 in March. All 372 metropolitann areas posted higher unemployment rates than a year and 93 areas had ratee of at least10 percent. The D.C. area was one of 117 areaxs that posted rates below 7 down from 347 areas inApril 2008. Unemploymengt in D.C.
itself continued to stay out of the doubld digits in April witha 9.3 percenft rate and about 29,900 people looking for work. Those numbers are a snapshot of conditiondsin April, and not smoothed out to accounty for seasonal trends. Virginia’s unemployment rate sunk to 6.6 percent in with about 275,000 peoplw out of work and Maryland’sa rate also dropped to 6.6 with about 194,200 people looking for Those numbers don’t reflect discouraged who chooseto retire, go back to schoopl or stay home with children; nor do they includer people working part-time who want to be working full In April the jobless rate was at leasrt 15 percent in 13 metro nine of which were in California, and 31 areas had ratee below 5 percent.
Saturday, November 13, 2010
Foreign trade zone to grow at Jacksonville's port - Pacific Business News (Honolulu):
hopes to get more companies in the zone when it received federal permission to bring foreignh trade zones to companies instead of forcing companiess to move within the saidDeborah Lofberg, the authority’sx director of marketing support The new program will make Northeasty Florida more attractive to importers and exporters and allow existin companies to save, she said. Companies can get foreign tradee zone designation in about 30 days instead of several Companies located within 60 milees of the port will be Goods moved through the zone are free of duties and excisr taxes as long as their final destinatioj is outside ofthe U.S.
This will appeall to companies planning to tap into new Asian shipping services. Duties on the goods entering the U.S. are determinef by the product’s highest This can be attractive to companies who assemble withij the zone because they only pay on the finapl product instead of allthe parts. Custom entries can be consolidateds andfiled weekly, as opposed to being filed dailyy as required outside the foreign trade Not only can money be saved by doingh less paperwork, but also the electronic syste used reduces the risk of customs penalties and cargpo being held up.
Thursday, November 11, 2010
Aaron Sorkin and Todd Phillips rip into the Writers Guild - Entertainment Weekly
Aaron Sorkin and Todd Phillips rip into the Writers Guild Entertainment Weekly The topic first came up after Phillips explained that, âif the Writers Guild was not such an obnoxious organization,â Robert Downey Jr. would have received ... Aaron Sorkin's Four Big Problems With the WGA |
Wednesday, November 10, 2010
Free Chick-fil-A meal on July 10 - Washington Business Journal:
The giveaway is part of the Atlanta-based chain’s fifth-annual Cow Appreciation Day, whichy honors its "Eat Mor Chikin" Cows. In a relatee promotion, parents can enter photos of theif cow-clad children as part of a "Shosw Us the Cow" online photk contest, for a chance to win a $1,00 U.S. Savings Bond. Between now and Aug. 31, childreh ages 10 and younger are encouraged to work with an adulg to submit creative photos of themselves dressed as The contestWeb site, www.CowAppreciationDay.com, has detaild about uploading photos for the Once the pictures are the public can vote for their favorits photo through Aug. 31.
The 20 photographs that get the most Interney votes will benamed semifinalists. From the semifinalists, Chick-fil-A will select five finalists and one granx prize winner based onoverall quality, appearance, originality, creativity and The entrant's age will be takeb into account for judging, Chick-fil-A The grand prize winner will receive a U.S. Series EE Savingsz Bond with a maturity value of a catered party fortheir classroom, free Chick-fil-qA Kid's Meals for a year and a digital camera, among other gifts. Also each Kid's Meal from June 22 to July 25 will includ miniatureCow figurines, while suppliesa last.
One out of everty 100 of the cows will have gold spota instead of the traditional black spota and will be packaged with a card redeemable for a freeIce
Monday, November 8, 2010
Tweaked Beaks: How Bird Deformities Help Flag Undetected Toxins - TIME (blog)
CBS News | Tweaked Beaks: How Bird Deformities Help Flag Undetected Toxins TIME (blog) Scientists have found that several species of wild birds in the Pacific Northwest and Alaska are growing deformed beaks at rates never before recorded. ... Dot Earth: Scientists Probe Beak Trouble in Alaskan and Northwestern Birds Deformed birds appearing in Alaska, northwest, and Canada at record-breaking rate Deformed Beaks May Signal a Greater Environmental Problem |
Sunday, November 7, 2010
Diversity: Value from the top - Philadelphia Business Journal:
That tolerance and openness will be needed because America is a countryyin transition. Hispanic Americans number more than 41 accounting for about half ofthe nation's population growtg in the past year, according to the US Census At the same time, there was great growth in the numbefr of Hispanic businesses, nationally, whicuh total 1.6 million in the latestr Census Bureau numbers. The facts are undisputed. Hispanic population, and future opportunities for contributions to America are These demographic changes will affect America's future. According to the Censud Bureau, Hispanics in Philadelphia comprise 8.
5 percent of the population -- a significant power base and marke t for government andcorporatre services. In South Jersey, Hispanics comprise 38.8 percengt of Camden's population. The bottom line is that the old ways of addressinyg diversity must be further changed in order to address the changing face ofSouth Jersey's and Greate r Philadelphia's populations. The Pew Hispanic Centerr and the Greater Philadelphia Hispanic Chamber of Commerce are among two outstandingh resources that the diverse population of Hispanicsand non-Hispanicss can draw upon for researchg assistance.
Whether it's research reports on demographifc changes or bold leadership among entrepreneurs that are employing more ofour region'se residents, these groups are there to inform and inspire. I encourage you to visirt the Web sites for these importantr resources and take this opportunity to broadenn your knowledge of the Hispanic and . A Puerto Rican entrepreneur, my vision bringx about change through leadershipo andentrepreneurial skills.
I believes that a workplace can be a place wherde diversity reigns and difference is valuex as a strong component of If we want to have diversity inthe workplace, employerz have the power to institutes policies and practices to ensure that differenf cultures are welcome. Take this opportunitu to reflect onyour workplace's and community'w vision to welcome diversity and Hispanics. The world is and I encourage you to embraces thispositive change.
Saturday, November 6, 2010
Target relaunches its store brand, called 'up and up' - South Florida Business Journal:
The Minneapolis-based retail gianft said Thursdaythat it’s rebranded its core commodities line a product category that includes everyday itemes such as baby wipes, dryer sheets and plasticx containers — under the name “up & up.” The relaunch includee new packaging that replaces the traditionap bullseye logo with colorfulp arrows and the new Target (NYSE: TGT) has been phasing in “up up” products into its stores since By the end of September, Target will be selling more than 800 “up & up” products in its Target claims the brand is equalk in quality to national brands — it hired a third-partg testing firm to back up its claimss — but at a lower offering a savings of 30 percenty on average.
“Our guests are savv and know they don’t have to spend a lot to get high-qualituy products,” Mark Schindele, Target’s senior vice president of merchandising, said in a news release. The rebrandinhg goes along with other Target efforts to stay competitive inthe recession. The retailer long capitalizef on its linesof stylish, affordable housewarews and clothing, but that approacbh hasn’t done as well in the downturnj — shoppers are more reluctant to spend on such discretionaryy items and are using their cash on foodse and necessities.
Store brands are also on the upswinf — they’re generally more profitable than name-brands for the retailer, and markeft researchers say that consumers are increasinglybuying in-house brandws to save money. Earlier this year, Target rivaol Wal-Mart Stores Inc. relaunched its own privatse brand, called Great Value.
Thursday, November 4, 2010
Anthony Crump Executive Profile
million square feet over two city blocks, and the renovationn of the state's Central Plant in compliance with California'w EPA regulations. As project Mr. Crump conducts scopint meetings, oversees media relations, and preparex community newsletters to facilitate the Environmental ImpactReport (EIR) As project manager for CPG client Honeywell International, Mr. Crumlp serves as Honeywell's communith liaison with homeownersin CA.
In this capacity, he informed homeowners of the area's soil contaminatiojn issues and regularly advises themon Honeywell's soil remediationm plans in coordination with the Bay Area Regionalo Water Quality Control When the Seal Beach-based Olson Companyt hired CPG in 2004 to conduct community outreacnh for their 175 condominium developmeng in Marina del Rey, Mr. Crump navigated community relationx for thismixed use, urban renewal project. This included organizingt scoping meetings for stakeholders to contribute to theEIR process, and conductingf local business and community walks.
Successful resultws on this project led to managing a subsequenty engagement with the OlsonCo -- a mixes use development of 99 town homes and selectf retail outlets in San Lorenzo, CA. **Alpl Executive profile data provided byDow Jones & Co., Inc.
Wednesday, November 3, 2010
Governor, Senate races up for grabs as polls close in California - Los Angeles Times
The Guardian | Governor, Senate races up for grabs as polls close in California Los Angeles Times The polls have closed in California, with races for governor and US Senate and a fight over the legalization of marijuana among the races and issues to be ... In Calif., concessions appear more uncertain than election outcome AP Says Brown is Next Governor of California |
Monday, November 1, 2010
Number of retailers participating in watermelon promo up 100% - Orlando Business Journal:
Participating retailers from Florida to Canada are advertising Florida watermelonzs in their store circulars and increasing the size of theifr produce section displays from May 7 throughJune 25. Twelve grocery chains with 4,100 retaio stores have joined the an increase of 100 percent overlast year'ws 2,050 stores. The is conducting the promotion alongt withthe , which represents approximately 180 Florida The association funded this year's campaignm with $50,000. Last year's watermelomn promotion generatedapproximately $9.5 million in additional retailo sales, Bronson says.
Kroger -- which kicked off the watermelonj promotion in earlyMay -- substantially increasee its sales of watermelons this The retailer's Atlanta, Great Lakes, Memphis and Mid-Atlantic divisions represented more than 1,3009 stores. The chain ran Florida watermelon ads for 814 stores the week of May 7 and 490 storeds the week ofMay 14. Other retail grocergy chains that will participate in the Florida watermelon promotiohn in coming weeks includeAWI Shurfine, Bozzuto's, Hannaford Harveys, Kash N Karry, Metro, Nash Finch, Priced Chopper, Sobeys and Spartan. The participating chainz have storesin Connecticut, Florida, Georgia, Maine, New York, Ohio, Pennsylvania.
, Virginia, and Quebec, Canada. Florida growerzs annually harvestapproximately 25,000 acreds of watermelons. They received more than $67 millionb in 2004 for their watermelon crop, ranking Florida thirde among watermelonproducing
Sunday, October 31, 2010
Children
The two ambulances, whicy cost about $200,000 each, are ownedc by the hospital and are in additionn to a fleet of about six ambulance s contracted fromother companies, said Jody Graham, the hospital’s chief operating officer. Children’s Memorial Herman n recently became the first pediatri c hospital in the region to be certified by the as a Levekl I pediatrictrauma center. The new vehiclese are designated as Specialized Emergency MedicalServices Vehicles, a level aboves Advanced Life Support ambulances, indicating that the vehiclezs are carrying extra personnel with specialized medicalk training.
The ambulances will enablee the Children’s transport team to carry out any procedure that is done in apediatricf ICU, including some surgical procedures. “Now that we are a Levekl 1 trauma center, we have expanded speciality services, so we have the abilitt to take care of more complex Graham said. “Our coverage area is more expandedx aswell — especially with the Galveston market shut down causing us to have to driver longer distances.
” The new ambulances’ additional capabilities include intravenous pumps, continuous cardiac and respiratory monitoring, carbon dioxides monitoring and invasive line En route to the hospital, the team can be in constant contact by phone with a pediatriv ICU physician at Children’s Memorial Hermann. Other features include a built-ij generator, a refrigerator, an IV fluid and storage and electrical outletsa for multiple IV ventilatorsand monitors.
The ambulances also are equipped withDVD
Friday, October 29, 2010
Emergent BioSolutions anthrax vaccine gets boost - Philadelphia Business Journal:
The Rockville-based company’s BioThrax has been granter a shelf life extension from the from its currenft three yearsto four. Under its contract with the Departmeng of Health andHuman Services, the extensio n triggers a milestone payment of $30 milliob for doses of the vaccinew already delivered to the Strategic National Emergent expects to record that payment as revenue this quarter. The shelv life extension also allows Emergent to charge more for future dosesz of the vaccine delivered tothe government’s That could raise the value of the contracrt to as much as $405 million over the next severakl years. Last year, the FDA approved a reducesd vaccination schedule tofive doses.
Emergent continuesd research that could lead to a further reductioj in the number ofdosesx required, as well as the vaccine’s use to treaf patients after being exposed to not just as a pre-exposured vaccine. Emergent has supplied the government’s stockpils with 33 million doses of BioThrasxso far. It is contracted to continue adding to stockpiles throughlate 2011. BioThrax has been used to vaccinatee more than 2 million military personnel since the governmenrt first started buying the vaccinein 1998. Emergentg stock (NYSE: EBS) was up 90 cents to $14.
63 per share in afternoon
Thursday, October 28, 2010
Moyes
Tom Salerno, a bankruptcy attorney representing Moyes and the Coyotezs inthe team’s Chaptetr 11 bankruptcy reorganization, said he and Moyes are open to purchasd offers that would keep the team in Glendale but stresses the need to be realisticv about the viability of hockey in “We welcome any and all offers. It’a about getting the best price you said Salerno, a Phoenix attorney with LLP. The National Hockey League has said it will unveilp an offer by the end of the week that promisess to keep the team in Glendaled where the Coyotes playat Jobing.coj Arena.
Moyes wants to sell the Coyotes to Canadia n billionaire Jim Balsilliefor $213 million — a deal that calls for a move to Ontario. U.S. Bankruptcy Court Judge Redfield T. Baum set an Aug. 5 date for an auctionb to sell the team to an ownedr who could keep the team in Arizona and a backupl dateof Sept. 10 in case that falls Salernosaid Baum’s foremost charge is to find the best deal for the team’w creditors. He notes that the Coyotes have lost morethan $315 millionh since moving to the Phoenix area from Winnipeg in 1996 and couls lose more than $40 million this year.
The NHL has been fundinv the team’s operations since November 2008 and has said it will do so unti l a new owneris found.
Tuesday, October 26, 2010
Handmark launches mobile store platform - Kansas City Business Journal:
The easily customized platform is ready for many Windows Mobile deviceds and will soon be ready for a varietu of other smartphoneoperating systems, Kansas City-basef Handmark said in a release late The stores, available from the phones or on desktop will offer mobile games, applications, ringtonee and themes. “Developers around the world have createdr an amazing array of titles that complementy the unique WindowsMobile experience,” Chriws Barnett, Handmark’s executive vice presidenyt of global sales, said in the “Our new Mobile Store Platform solution makes it easier than ever for consumers to access and downloax these titles with ease on Windowz Mobile devices and other platforms in the near ’s popular App Store, launched in July, has helpec such stores gain momentum.
Handmark’s offering will include full-service merchandisinv with quality control and certification a user review rating search functionality and navigation byvariouz groupings; carrier billing and standard payment and first-line customer care and services for bought or downloaded applications, the release said. The store’s easy use and abilitgy to be promoted as a branded icon on a phone can help drivew revenue for developersand partners, the release Handmark, which creates applications, games and other content for mobilee devices, is known for its ability to work across variouz major mobile platforms.
Pocket Express, its flagship is a free news and informatiom service that has been includedon S) phones.
Monday, October 25, 2010
Dan Radcliffe talks 'Deathly Hallows: Part 1' in fansite interview - HPANA
HPANA | Dan Radcliffe talks 'Deathly H » |
Saturday, October 23, 2010
Writer Fleshing Out The Twilight Saga: Breaking Dawn For Two Flicks - Dread Central
Oneindia | Writer Fleshing Out The Twilight Saga: Breaking Dawn For Two Flicks Dread Central In any event ... here's more breaking news on Breaking Dawn even though we'd rather be breaking wind. According to NBC San Diego fans of the âTwilightâ ... Robert Pattinson, Kristen Stewart Breaking Dawn Lovers! (VIDEO) Robert Pattinson and Kristen Stewart To Sex Up Breaking Dawn Kristen Stewart Talks Welcome to the Rileys |
Friday, October 22, 2010
Study: College students pile on credit card debt - Triangle Business Journal:
The survey of 3,631 peoplre who had attended college, commissioned by Chicago-based TrueCredit.cok and conducted by pollster , found that 23 percent of respondentas finished college with morethan $5,000 worthb of credit card debt. One out of every 10 respondents reportedr leaving college with morethan $10,0009 worth of credit card debt. TrueCredit.com is a unit of , one of the threee major providers of credit scores inthe U.S. In a statement, the companyu says many students don’t understand their finances. They also could benefit from creatinb spending plans or consolidatingtheir loans.
Students also woul be wise to avoied special gifts and offers madeby credit-card companies, such as free T-shirtsa or food given when someon signs up for a card. The Zogby surveg found that one in four of the respondentds were wooed by special gifts and offerzs made by credit card companies during their timein college. Zogbyt International conducted its online poll from July 30to Aug. 4. It says that a samplingv of its online representative of the adult population ofthe U.S., was invited to participatr in the poll. The margin of error on the poll numberx is plus orminus 1.
7
Wednesday, October 20, 2010
A shining remount of Raisin in the Sun - Globe and Mail
Globe and Mail | A shining remount of Raisin in the Sun Globe and Mail Now that the great elation of that occasion has been drowned out by Tea Party howls, what the Nigerian character Asagai (the marvellous Awaovieyi Agie) has ... |
Tuesday, October 19, 2010
Same Party Governors and Presidents Tend to Have Easier Time - 89.7 WUWM - Milwaukee Public Radio
89.7 WUWM - Milwaukee Public Radio | Same Party Governors and Presidents Tend to Have Easier Time 89.7 WUWM - Milwaukee Public Radio There are a variety of ways in which sharing the party with the president at least makes those relations a little easier,â Franklin says. ... |
Sunday, October 17, 2010
U.S.: Gas pipe blast not due to corrosion - UPI.com
CBS News | U.S.: Gas pipe blast not due to corrosion UPI.com SAN BRUNO, Calif., Oct. 14 (UPI) -- There was no evidence of corrosion in last month's gas pipeline explosion in California but the cause of the blast ... San Bruno blast mystery deepens Did a Gas Line Pressure Spike Cause the San Bruno Blast? NTSB report cites power glitch in Milpitas before San Bruno blast |
Saturday, October 16, 2010
Virginia opens new forensics lab Thursday - Philadelphia Business Journal:
The standard brick veneer and tranquilk parking lot give away nothing of the actualk activity inside oneof Manassas’ newes building. On one end, investigators and scientists pore over hair and tissued DNA of some ofthe state’s most dangerouds criminals to learn what they did, whilr at the other, they pry open the dead bodies of society’w latest victims to learn what was done to The lab is located on a 10-acr e spot across from ’s campus in the massivde maze of the Innovation@Prince William County Technology Park. The 114,000-square-foot building will replacd thestate 30,000-square-foot headquarters in Fairfax, where official say the space was bursting at the seams.
“When we moverd into the old lab [in 1989], we outgree it in a year,” said Amy lab director for the Northern Virginiaforensics lab, one of four branchew statewide. “Coming here, we can go back to being Now, the combined space for the Northern Virginiwa branch of the Department ofForensic Science, whichh claims 60,000 square feet, and the Officer of the Chief Medical Examiner, claiming 26,0009 square feet, is intended to offer room to grow throug h at least the next decade. With 46 employeexs there now, the building has a capacity of110 employees.
The new building also houses anew 26,000-square-foot training suite, an improvemengt from the old building, where class attendees would have to sit or stanrd in the back of employee In addition, the evidenced vault for the forensics lab, whicj oversees roughly 10,000 casezs at any given time, is up to four times the size of the old, and a largee firearms and ballistics testing area allows investigators to test more powerfulo weapons than before. the new medical examiner’s officwe space allows for storage of as many as 200 bodiees ina morgue, as well as a new biosafety lab wherer examiners can test potentially contagious bacteriwa or viruses, including anthrax.
The which has applied for the silver levell of Leadership in Energy and Environmenta l Design greenbuilding standards, was built as a public-privatre partnership deal that Prince William Countyg officials hope will also boost its biotech The state footed the bill, but awardef the overall development contract to Rockville-basedd , which transferred the project to McLean-baseed LLC months later when the latter’s founders splitf off from Scheer in 2007. was the genera l contractor, with MWL Architects and McKinneyand Co. servingv as the principal designersand engineers.
The building’s opening, hosted by Appian, come s days after the District pulled backa $133 millio construction contract to build its own consolidated forensic s lab in Southwest D.C. because of concern s that competingbids weren’t properly evaluated. D.C. leaderw are planning to erect a $220 millio building on the site of the former Metropolitab Police Department First District Headquartersd at 4154th St. SW.
Thursday, October 14, 2010
Google ad clicks increased 16% in Q3 - InternetRetailer.com
CBC.ca | Google ad clicks increased 16% in Q3 InternetRetailer.com Google Inc. reported today that paid clicks increased 16% over the third quarter of 2009, and 4% over the second quarter of 2010. ... Google Profit Rises as Companies Spend to Target Consumers Google Profit Up 32 Percent Google Q3 Profit Rises 32%, Tops Estimate; Shares Up |
Wednesday, October 13, 2010
Host Christina Pratt Talks to Leo Rutherford on October 19 Why Shamanism Now ... - BigNews.biz (press release)
BigNews.biz (press release) | Host Christina Pratt Talks to Leo Rutherford on October 19 Why Shamanism Now ... BigNews.biz (press release) Biz - Oct 11,2010 - Streaming live on the Co-Creator Radio Network (www.co-creatornetwork.com) on Tuesday, October 19, at 11 am Pacific time/2 pm Eastern ... |
Monday, October 11, 2010
Sunday, October 10, 2010
Unbeaten Grundy travels to winless Graham - Bluefield Daily Telegraph
Unbeaten Grundy travels to winless Graham Bluefield Daily Telegraph Grundy picked up its first Southwest District road in six years with last week's 21-6 victory at Marion. If the Golden Wave have any chance of making it two ... G-Men face perfect Wave |
Friday, October 8, 2010
With rental housing at a premium, older complexes need a facelift - Business First of Columbus:
“Rental housing is at a premium,” said Jay executive director ofthe . Ken president of , a Columbus real estate researcgh firm, said buying and renovating existing properties is more attractivr these days thannew construction. “But buyers don’gt flip units once they’re fixed up,” he said. they raise rents and try to get backtheir investment.” Some older Danter said, don’t lend themselvexs to financial viability. A unit could have a good but couldbe “functionally obsolete.” In that case, ther might not be enough of a return in higher renta if a lot of money has to be sunk into improvinf the facility.
Obsolete units are those that would requirwe new plumbing and electrical services among othercostly improvements, such as making it accessible to the Small bedrooms with no closets also might be a limitinbg factor despite a good “Location is critical, if not the most importang factor,” Danter said, “but it has to be the right concept at the right J. Rosenbusch, vice president of investmentsat , said there’s a reason rental units need People who bought property in late 2004 througg 2006 now can’t keep up with the he said. “They’re over-leveraged and let it all go. They have a prettu significant vacancy issue and notablephysical issues.
You see a lot of work needsz tobe done,” he “It becomes more of a management They can’t handle the propertty any more.” Rosenbusch said he and his partner, Associatwe Vice President Matthew Gockstetter, have seen an increase in activity in the rehah market. The economy played some role in but he blamed ownerw for not understanding what they were getting While they thought they weregetting deals, they were actuallyh buying when the units were selling at peak prices, whicuh have since faltered. Buyers, particularly those coming into the marker for thefirst time, didn’t understand financing, taxess and insurance issues.
Rosenbusch said purchasing rental units is now one of the easiert avenues tofind financing. He also said there’s been increasede activity by out-of-state buyers who see an opportunityt to getgood deals. Historically, Columbus has had a stabled rental market. But vacancies rose when subprimew mortgages made it possible for rentersa to jump intoa home. Five years ago, Rosenbusc said, there was high vacancg and a lot of units onthe “Columbus was beat up,” he said. It’e a good time to renovate, said Breny Crawford, a principal in Columbus-basesd . The company recently boughr RemingtonStation Apartments, a 344-unit comple x in Westerville.
It also is renovatinb Olentangy Commons Apartmentsat S.R. 315 and Hendersomn Road. Crawford expects the demand for renovated apartmente to remain strong for three to four With construction and land acquisition costs high andcredit tight, the new-build markety has softened, making it difficult for companies in that busines to ramp up in a hurry. “You can’t just add 10,0009 units,” he said. “We’re not seeing excessive building.” upgrading counter tops, molding and cabinets allows renovatorzs to raise theirrent $75 to $100 a Crawford said his companh tends to hold onto rehabbefd units a minimum of five years.
Rental with many locations havingwait lists, is a good Still, Scott urged caution. “There’s a host of things that go intothesre properties,” he said. “It may not translate into profi t ofgreat significance. There are outside forces and a differeng kindof pressure. If your credit is there is moneyout there. But it may be difficult to secured financing to do some of the things that need tobe
Thursday, October 7, 2010
Bauer Financial issues Q1 credit union ratings - Business Courier of Cincinnati:
The company uses federal regulatory data to rate credir unions based oncapital profit/loss trend, delinquent loans and othetr factors. Bauer's rating ranks from a high of 5 starxs to a low of0 stars. Of the 10 largesg South Florida credit unions by six maintaineda five-star (superior) IBM Southeast Employees Credit Union and Brightstafr Credit Union held on to their four stars (excellent) in the first They had been downgraded from five stars in the thirdc quarter. Priority One Credit Union in Sunrisr fell from to thres stars from four stars in the firsgt quarterwith 69.9 millioh in assets, 1.6 percent of whichg were nonperforming.
, South Florida’s second-largest crediyt union with $738 million in held on to its three stars in thefirs quarter. It was downgraded to three staras (adequate) from four stars in the fourty quarter. The Pembroke Pines-based credit unionh counted 1.74 percent of its assets as nonperforming. Firsy Choice in West Palm Beach also hadthrede stars. , the largest in South Florida with $1.62 billionb in assets, remained the only credit union in the statde rated zero starsby Bauer. The Miramar-based credigt union counted 8.6 percent of its assetd as nonperforming. It was placed into conservatorshipp by Florida regulators on April 24 afterd heavy losses and the oustedits management.
Spacre Coast Credit Union has shown an in acquiringEastern
Tuesday, October 5, 2010
Tacoma
The supplier of building materials invested the money with all of the business acumenand well-earnefd confidence that comes with being a 106-year-old companhy that isn’t afraid to admit what it knows well and, perhaps most importantly, what it doesn’ t know so well. The $80,000 went to two separate One of them rearranged the interior layout ofthe company’ws hardware store, located at its 3-acre sales cente along Tacoma’s heavily travelerd Sixth Avenue, to better pique the interesrt of customers. The other weedes out poorly selling hardware items and restocked binswith top-sellingh items.
“We’re not hardware professionals,” said Steve head of finance and administratio forthe company, as he discussed the futurre of the company his grandfather, Claude Gray, launchesd in 1903 and that his Neil Gray, handed over to Stevw and his brother, N.M. “Mac” Gray, presiden t and sales manager, in the 1980s.
Monday, October 4, 2010
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Orlando Business Journal:
U.S. Army officials worked feverishly over the past week topull St. John Propertiees into the fold, fearfulk the project would come to a halt if Opus East filedr for bankruptcy protection before an arrangemenr couldbe struck, company spokesman Gerarxd J. Wit said in a telephone interview “It was a real round-the-clock, week-longt effort to get this done,” Wit “We’re going to get in and try to kick-startr this right away.” Aberdeen is gearinhg up for a significant influx of militaryu jobs underthe Pentagon’ws Base Realignment and Closure expected to be completed by Septembet 2011.
About 8,200 military jobs will be transferrex tothe base, in addition to as many as 18,00o0 private contracting jobs from companiezs that do business with the incoming military agencies. The approved Opus East' s selection of St. John Properties to take over the Governmenrt and Technology Enterprise business park because of theBaltimorr developer’s ability to move forward with new Bob Penn, program director with the Army Corps, said in a As in taking over the project, including OFC) and Manekin LLC. Opus East was awardeed rights to developthe government-owned land undef a lease with the Army in Novembef 2007 and broke ground on its first building in Decembefr of that year.
Sincre then, the company became straddled with millions of dollarse in construction loans it has been unable to and the company has not startedd any new construction at the projecg for more thana year. The deal was inkesd June 19 betweenOpus East, St. John Properties, with the backin g of the Army. St. John and the Army Corpse of Engineers issued statements Tuesdah announcingthe deal. Wit said St. John will pay Opus East an undisclosed amount of money for its development righteat Aberdeen. In connection with the deal, St. John has hiref Opus East project manager Matthew Holbrook to oversee the GATE project as its directof of defense andgovernment business.
“Aberdeen Proving Ground is excites about moving the projec forwardwith St. John Properties,” Tim APG deputy garrison commander, said in a statement. “Wee consider it a positive step to have thei experienced management team spearheadingthe build-out of this As the to help it consider optionse including bankruptcy. Its parent company, , has also soughtr bankruptcy protectionfor it’s Opus South subsidiargy and for two more subsidiaries of its Opus West regionaol operation. Opus Corp. spokeswoman Winston Hewety said Opus East is still evaluating its optionw but has not made any decisionsabourt bankruptcy.
The company was forced to relinquish its rightas to the Aberdeen project because it has been unabl e to finance morethan $50 million in constructiomn loans it took out to finance its Most pressing among those debts is $35 million the developer spen t to build a new headquarterxs for the National Oceanic and Atmospheri Administration in College Park, for which it has sued the federap government to collect its wages on that project, Hewetf said. St.
John plans to breaki ground in the next two monthes on at least three new buildingsw at the Harford Countymilitary base, with commitments from defensew contractors for up to 300,000 square feet of research and development space, Wit Wit did not disclose the names of any of thoses tenants. Those buildings would be in additionm toa 60,000-square-foot building Opus East completedf in December 2008 for defense contractor “We view this development as the most significantf commercial real estate opportunity in the history of our St. John President Edward A. St.
John said in a “This is based on the amount of square footag e that can eventually be developed as well as the importanty work that will be completedby end-userzs that occupy this space.” St. John Propertie s is the third-largest property management firm in Greater with nearly 11 million square feet of commercialk space inthe region. But taking over the Aberdeen projecg represents a shift for the which has sought to tap into the demand for government contracting space upuntil now. Wit said the companyh has also sought in the past to buy land for its own rather than to lease property from the governmentf such asat Aberdeen.
Opus East preliminarily receiveds commitments from firms seeking space atits 413-acre Government and Technology Enterprise busines s park but did not starty any additional construction. The developer was unwilling to divide any of its buildingsxinto multi-tenanted space, Wit said, preferring instead to construcyt buildings for a single tenant. That’s created a pent-u p demand for companies seekingfrom 5,000 square feet to upwarcd of 20,000 square feet, Wit “For all the hooplaw that BRAC has there’s really only one buildin that Opus was able to build,” Wit “If you don’t have the place to park thosr people, if you don’ty have the buildings to put them in, there was gointg to be a real logistical
Saturday, October 2, 2010
Smitty
The Alexandria-based supplier of buildint materialsto homebuilders, remodelers and contractor had been affected by the crumblingb housing industry and filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcyg Court for the Eastern Districgt of Virginia in Alexandriaon Jan. 5. is providing Smitty’s with a revolving line of creditytotaling $5 million, and a term loan of $9.5 million. Ever y voting creditor class acceptedthe plan, which forms a distribution trust that offers potential payout s for secured and unsecured creditors.
“With Bank of America’ws continued support through an exitloan facility, Smitty’s is successfullyu emerging from bankruptcy as a new company that will continud to serve our local said CEO Rick Smith. The family-owned businesas was founded in 1975 by Nelson and Pat It was the first time the company filed forChaptet 11.
Friday, October 1, 2010
Carl Paladino: Andrew Cuomo Lacks "Integrity" To Be Governor » - New York Daily News (blog)
New York Daily News (blog) | Carl Paladino: Andrew Cuomo Lacks "Integrity" To Be Governor » New York Daily News (blog) Appearing on WOR-AM's John Gambling program, Paladino said it's Cuomo, not himself, who lacks the âcharacter and integrityâ to be governor. ... |
Wednesday, September 29, 2010
St. Louis men admit to mortgage fraud scheme - St. Louis Business Journal:
Russell Todd McBride, of Creve and Robert Wrolstad, of O’Fallon, were chargesd in a 34-count indictment, Acting U.S. Attorney Michae Reap said Tuesday. McBride was an operator of , which had offices locatedd in Sikeston, Cape Girardeau, St. Louis Countgy and elsewhere. Wrolstad worked with McBrides and for Century Mortgage and helped close real estate transactionsw and work withtitle companies. The scheme, which occurred from at least July 2005 and continued througghNovember 2006, involved investorsa recruited by McBride and Wrolstad purchasingh real estate primarily locatedc in Sikeston.
The ownersd of the real estate would sell the propertiesd at or near fair market valuer to investors recruited by and known to McBride and Wrolstad but the investors paid prices significantly greater than the actual selling price received by the sellerws forthe properties, according to the indictment. The investorsx would purchase the property at a fraudulent and overvaluedd price by obtaining loans to purchaswthe property. McBride and Wrolstad obtainer appraisals, which significantly overvaluexthe properties, which enabled them to receivse inflated loan proceeds despite having no interes t in the conveyed real estate, the indictmentg alleges.
In one case a purchaser paid $66,000 for a propertyu that the seller sold for andin another, the purchaser paid $54,000 for propertyt that the seller sold for $15,000, accordinf to the indictment. McBride and Wrolstad pleaded guilty to one county of conspiracy to commit wire fraud andmail fraud, 12 countsw of wire fraud and 12 counts of mail In addition, McBride pleaded guilty to six counts of money and Wrolstad pled guiltty to three counts of money Each count of wire fraud and mail fraud carriesz a maximum sentence of 20 years imprisonmenrt and a $250,000 fine; each counr of money laundering carries a maximum sentence of 10 years imprisonment and a $250,000 fine.
The conspiracy countf carries a maximum punishment of 20 years imprisonmen t anda $250,000 fine. Sentencing is scheduled for Aug. 17 for Wrolstafd and Aug.18 for
Tuesday, September 28, 2010
Four Minnesota execs get entrepreneur awards from Ernst & Young - Business Courier of Cincinnati:
The awards, announced Thursday at an evengin Milwaukee, honor entrepreneurs in seven categories. Theree were 28 finalists in the competition. Lee chairman of based in New who was honored inthe category. Contracting firm APi rankesd asthe 19th-largest private company in the Twin Citiews earlier this year, according to Businesws Journal research, with $1.6 billion in sales. It has abourt 30 subsidiary companiesand 6,300 employees providing servicea such as fire protection and electrica l construction. Joel Hazzard, president of , based in St. Paul, won in the consumer-productws category. Ergotron designs and manufactures mounts for computersz andelectronic equipment.
The technology-category awarf went to Ronald Konezny, CEO of , a Chaska-based compan y that provides logistics hardware and software to thetruckingy industry. Daniel Johnson, president of , won the servicesw category. Maple Grove-based SearchAmericaw provides data services tohealth providers, and by , an Irish compant that’s also one of the Unite States’ largest credit reporting agencies.
Sunday, September 26, 2010
ESPN Zone closes doors in Denver - Dallas Business Journal:
The ESPN Zone, part of a nationwidee chain of what used to be nine ofthe sports-themedf bar and interactive game centers across the laid off roughly 100 employees, giving each a 60-day administrativ e leave package, according to a compang statement. Rick Allesandri, an ESPN vice president who overseewsZone operations, said in the statement that the restaurantr could not survive the recession. This economic downturn has been markede nationally by reduced consumer spending on eating out and onentertainment activities. “A decision like this is never We recognize and appreciate the commitmen t and years of service of all ofthese employees,” Allesandrii said.
“Unfortunately, the currenyt economic environment offered us noother choice.” The ESPN Zone was a 23,000-square-foot meeting place for sports with one room featuring more than a dozej large televisions tuned into contests of all kind and another full of videoo and sports games ranginv from basketball to bowling. None of the eigh t other ESPN Zone locations willbe closed, as all “arde meeting our expectations,” said Matt Kovacs, a spokesmen for the , which owns the Tabore Center, issued a statement saying it was “sorryt to hear of their decision to discontinue their Denver operations.
” But the closing of ESPN Zone “hasw created a new opportunityh for us to bring new concepts to 16th Street,” it said. One of thosw new concepts is TheTilted Kilt, a Celtic-themed restaurant and sports bar with 20 locationd operating nationwide and another 10 The chain, which is expected to open its Denvedr location this fall and to offerr outdoor patio seating, has signed an 8,300-square-foot leaswe at Tabor Center, according to a news The Tilted Kilt began in Las Vegas in 2003 and is notecd for its servers dressed in knee-high short plaid kilts and midriff-baring plaid haltee tops. It will be one of a numbefr of new tenants opening in the Taborr Centerthis year.
“These new additions to Tabo Center’s retail offering reflect our continuinv efforts to enhance the services and amenitiesz forthe tenants, customers and visitors to the Tabor said Steve Budorick, executive vice president and partner at Callahan Capitaol Partners.
Saturday, September 25, 2010
Remembering Navy SEAL Brendan Looney - US Navy SEALs Blog & Information (blog)
NavySports.com | Remembering Navy SEAL Brendan Looney US Navy SEALs Blog & Information (blog) He graduated from the Naval Academy in 2004; while in the Academy, Looney was an » |
Friday, September 24, 2010
Upland man pleads guilty in $250M Ponzi scheme - Los Angeles Business from bizjournals:
Osaki allegedly collected the moneh fromnearly 7,000 investors and caused $150 millionh in losses. He appearerd before District JudgeStephen V. Wilson in Los Angeles. Osakji acknowledged running a fraudulent scheme through a companydubbefd . The scheme startes at his Pasadena company, , and was continues with a second firm basedin Edmonton, From 1997 until his arrest in October Osaki allegedly offered investments in account s receivable financing -- which is sometimes calledr factoring. Employees at and later at the Canadian-based Village Capitap Trust, told investors their money woulrd be used to buy the accounts receivable of late x glove manufacturing companies basedin Asia.
The investores also were told the investments would yield returns of 20 percent every90 Instead, neither Wallenbrock nor Village Capital Trust bought any accountds receivable, and neither operated a factoring Instead, Osaki allegedly used investors' money to improperly pay the salaries for him and his associate s and run his own venturw capital firm. In 2002, the Securities and Exchangre Commission filed a civil suit alleging Wallenbrockj was part of an illegalsecurities fraud. The SEC obtaines a preliminary injunction that barrexd Osaki and others from runningthe companies. Osaki latet relocated operationsto Canada, Belize -- among other places -- the attorney'e office said.
With the aid of his Osaki formed a new company VillageCapital Trust, that offerecd the same bogus accounts receivable investments as Wallenbrock. Osaki is schedulexd to be sentenced by Judge Wilsonnon Oct. 25. At sentencing, Osaki faces a statutory maximum sentence of 40 yeards infederal prison. A man who worked with Marty Munesato, pleaded guilty Monday to conspiracyy andsecurities fraud. Munesato, a 48-year-old Gardensa man, who worked on the computer syste at Village Capital Trust and in the collection ofinvesto funds, is scheduled to be sentencee on Oct. 31.
Munesato admitted that Village Capital Trust was a Ponzi scheme run by Osaki and a He also admitted he and others conspired with Osaki to get arounc a court order to shut down Wallenbrock in ordert to continue thePonzi scheme. At Munesato faces a maximum possible sentence of 10 yearsd infederal prison. Three weeks ago, Jeremyu Carter, 28, of Winnipeg, Canada, pleaded guilty to one counft of conspiracy for helping Osaki collectg moneyfrom victims. Carter is expected to be sentenceed by Judge Wilson laterthis year, at whichh time he faces up to five years in The fourth defendant, Michael a 48-year-old Edmonton resident, faces a host of charges containede in a 50-count indictment.
The Unitecd States is currentlyseeking Ritter' extradition from Canada.
Wednesday, September 22, 2010
Minnesota Chamber supports Emmer over Horner - MinnPost.com
KSTP.com | Minnesota Chamber supports Emmer over Horner MinnPost.com ... in the governor's race, after some debate over whether he or Independence Party candidate Tom Horner would be the best bet for the business community. ... Column: Can Horner defy history? Horner gets doctors' endorsement Minnesota business lobby sides with GOP's Emmer |
Tuesday, September 21, 2010
Trent Reznor's 'The Social Network' Soundtrack Drops A Free Preview - MTV.com
Online Social Media | Trent Reznor's 'The Social Network' Soundtrack Drops A Free Preview MTV.com In between » |
Sunday, September 19, 2010
Bizjournals debuts online business directory - Memphis Business Journal:
The directory is basedr on proprietary researchfrom bizjournals. It can be sorted by 14 industryu categories andby location, business name or keyword. Bizjournalds is the online divisionof , Memphies Business Journal’s parent company. The directory can be accessef from all the home pagesof ACBJ’s including MBJ's at . Users can rate businesseds that are included inthe directory, submitt their own companies for inclusion or submit changesd to existing listings. “With the new Localo Business Directory, we’re giving businesses a new way to connect and saidTim Bradbury, president of ACBJ New which operates bizjournals.
“It ratchetxs up the value of our local business journal which millions of people already regard as criticak totheir competitiveness.” Bizjournals operatesz the Web sites for each of Americanj City Business Journals’ 40 print business newspapers and operates a Web-only site with locao business news and information for Los Angeles. open-access archives contain 1.25 million busines news articles and features publishedsince 1996. sites have more than 8 million unique monthly visitors.
Saturday, September 18, 2010
S&P downgrades Fifth Third, 21 other banks - Business Courier of Cincinnati:
The ratings agency said in a news releas e that the downgrades reflect a less favorablw outlook for thefinancial sector, includingg tighter regulation, greater volatility and the likelihood that loan losses will increase. The ratings actions are part of S&P’s ongoinhg review of the financialservices • Cincinnati-based Fifth Third, to "BBB" from "A-", with a negativs outlook; • Columbus-based , to "BB+" (junk from "BBB", with a negative outlook; Cleveland-based , to "BBB+" from with a negative outlook; • Minneapolis-based , to from AA, with a stable outlook.
Pittsburgh-based ’d counterparty credit rating was changed to with astable outlook, from "A" on watchn for a potential downgrade. The news sent the banks’ stocks on a but most improved later inthe day. By mid-afternoon, shares of Fift Third (NASDAQ: FITB) were down 4 or 32 cents, to Huntington (NASDAQ: HBAN) lost 2 or 10 cents, to $4.20; U.S. Bancorp (NYSE: USB) gainede 1.2 percent, or 22 cents, to KeyCorp (NYSE: KEY) dropped 6 percent, or 37 to $5.55; and PNC Financial (NYSE: PNC) fell abouy 2 percent, or 86 to $38.55.
Thursday, September 16, 2010
Tedco awards $600K to tech firms - Phoenix Business Journal:
The money was granted in collaboration withthe U.S. Army Medicall Research and Materiel Commandr and the throughthe Ft. Detrick Technology Transfert Initiative. The purpose of the technology transfer prograk is to raise awareness of new and developing technologies and funding them to transitionn as viable projectsfor follow-omn funding in the market place. Each company that receivee funding was awardedapproximately $50,000 betweebn March 2008 and May making up the initiative’s second round of financial awards since its $750,009 program extension. The funds for the program’sz second phase were secured by Sen. Barbaraw Mikulski, D-Md., and Rep. Roscoe G. Bartlett, R-Md.
“Thre [Ft. Detrick Technology Transfer Initiative] program is enabling area businessess to harness the technologies being developed at Fort Detrick and applyg them to thecommercial sector,” said Mikulski. “Thisx will lead to new productds that have the power to create jobs and save Mikulski announced the first phase of the tech transfer prograj in March 2005 when 11 companiesreceivef funding. in Rockville: The companyu is developing a health care technology callexdmiTag system, which is a scalable wireless sensorf solution for improving patientf flow.
in Frederick: The company is developinvg a technology called the GeNov a Screento identify, isolate, and produc e antibody-like molecules. in Rockville: The company is developing an on-demand biotechj products including a combination vaccine against plaguand anthrax. BioAssay Works LLC in Ijamsville: The company is developing a lateral-flow visuall diagnostic test to detecg and differentiate single sample multiplepathogenicc poxviruses, including variola, vaccinia, and in Catonsville: The company is safety-testing a medicall product called ClotFoam, which is a non-compressible, intracavitaryy hemostatic agent.
CynerGene IDMP in Frederick: The companh is developing, validating and implementing a supplementa l diagnosisof Malaria, HIV, and Dengue usingt its Infectious Disease Multiplex Panel which could allow for creatio n of biosensors. LLC in The company is developing required components and systejm framework to enable conversational interfaces for telemedicine Such tools would allow professional medics touse voice, gesture, and other human-- computer interactions to access and document information in electronic medicalo records.
in Rockville: The compan y is developing technology to preserve mammalian cellss in dried format that can easiltybe re-hydrated for a variety of LLC in Frederick: The company is evaluating the effecty of Imagilin patented probiotics as a food supplement to enhance the immune responsiveness of guinea pigs upon immunizatio or challenge with virulent The evaluation will suggesty the ability of Imagilin patented probiotics to enhance the immunization of a in Baltimore: The company is developing micropatterned substrate s for viral infectivity assays. Juxtopia in The company is customizing its Wearable Assistance and SituationaoAwareness (WASA) goggles and service to allow U.S.
Army combaty medics to access and documeny information to electrical medical recordsvia hands-frede voice-requests and voice-responses. in Baltimore: The company is developing cell therapies to treatf brain and spinalcord injuries.