Thursday, December 30, 2010
Polsinelli Shughart law firm moving to LoDo - Baltimore Business Journal:
The firm confirmed Friday that its local office is relocatingv to the newly built 1515 Wynkoolp office building on Wynkoop Streer in LowerDowntown Denver. The Kansas City-basexd firm’s Denver branch currently is locatedin downtown’z Independence Plaza at 1050 17th St. The firm’s Denverd office has leased roughly 38,009 square feet of space at itsnew location, with an optionj to grow. The move is planner for September 2009.
“We are pleased to relocate our attorneys and stafr to a part of downtown that represente the growth and vitalityof Denver, enabling the expansion of our firm’x practice and presence here,” Steve Long, founderf and managing partner of Polsinelli Shughart’s Denvefr office, said in a statement “We are committed to remaining in downtown Denver, as it allowx us to be immersedr in the business and civic and provides our attorneys with a vibrant place to work,” Long added.
The firm said that its new spacde is expected to qualify forLEED (Leadership in Energyy and Environmental Design) certification for energy savings and environmentallyt friendly features, based on its use of sustainable materials and energy-efficient lighting, heating, cooling and office LEED is the U.S. Green Buildiny Council’s designation for sustainable design. Polsinelli Shughart was createcd in February by the merger of Kansasw City law firms ShughartThomson & Kilrog PC and Polsinelli Shalton Flanigan Suelthaus PC.
The leasex of several major law firms, either based in metrk Denver or withlocal branches, are expiring this While some firms are renewing leases wherr they already are, others are LLP, Colorado’s largest law plans to move its southeast suburban offices in August to the “green” Village Center Statiomn project now under construction. The branch currently is locatesd at8390 E. Crescent Parkway in the DenvefTech Center. Holland & Hart’s headquarteres office remains at 555 17th Street indowntown Denver. Earlier this year, LLP relocated to the new 1400 Wewatts office building in LoDo from OneTabotr Center.
Meanwhile, LLC recently renewed its 56,000-square-foot lease on the top three floors of One Taborr Center for 11more years. The law firm was the firs t tenant to commit tothe building, whichn opened in 1985. Denver’s 1515 Wynkooop building, developed by Houston-based Hines Interests LP, broke ground in 2007. The 267,833-square-foot, eight-story officer building with retail space was completed this Other tenants in the new whichis pre-certified for LEED Silvedr designation, include the Van Gilder Insurance Corp.’z headquarters.
Monday, December 27, 2010
Insuring man
Klyn recovered almost 80 percent of thatheftgy expense, because he opted to get a pet insurance plan beforr his energetic and accident-prone yellow lab coulr dig a gigantic hole in his bank “That’s just how they are. They’re very very lovable, into trouble kindas of dogs while they’re puppies,” says who chose a plan with San Antonio-based . “I like the feelingv of safety that if something devastatinghgoes wrong, I’m not going to be raked over the coals I’m going to be covered.
” Advancesz in veterinary medicine coupled with pets takinbg on a more important role in the familu are leading people to spen d more money on the health of thei pets. With that, more people have opted to carrh insurance on their says Dr. David Goodnight, a veterinarian and president of PurinaCare PetHealthu Insurance.
Saturday, December 25, 2010
Genesee Beer to make comeback - Business First of Buffalo:
The renewed effort will include merginy the sales and marketing teams from Labatft USAand Genesee, once a recognized beer in Western New The company said it has beguhn $6 million in upgrades and will invesg another $4 million in 2010. “Positiv e changes are brewing,” said Rich Lozyniak, the new CEO of Nortb American Breweries. “We’re reviewing every aspectf of our business to strengthenthe brewery’es position.” NAB said it will upgrade breweryt equipment, make necessary repairs and add boiled controls and steam economizersz that reduce energy consumption.
The changes are expected to bring annuap operating savings of morethan $1 In addition to Genesee, the brewery produces Seagram’zs Escapes, as well as Dundee Ales and Lager s family of craft brands, which includes the Origina Honey Brown Lager. The Rochester company distributewseveral imports, including Imperial from Costa Rica, Steinlager from New Zealand, Toohey’ s New from Australia and Thwaites from the U.K.
Wednesday, December 22, 2010
Ex-BDO Seidman official penalized for lack of oversight - Philadelphia Business Journal:
The PCAOB's investigation, which was made publid Monday, centered around Stephen J. who was assurance practice directorin BDO'a Philadelphia office. Nardi was responsible for providintg technical guidance to other partners and managers onauditg engagements, coordinating the office's qualitgy control activities and overseeing the schedulinb and assignment of audit personnel to engagements.
The PCAOB said he directlhy supervised most of the audit managers and senior managers in the Philadelphia office and influenced promotion decisionsof Nardi, according to the PCAOB, assigned audi t manager Anne Marie Fitzpatrick to oversee an audirt of Philadelphia-based client Hemispherx Biopharma's financiap statements for fiscal year 2004. But in the fall of that after she completedthe audit-planning phase, Nardi directed her to stop working on the Hemispherx audit and concentrate on anothed client. After she stopped working on Hemispherx, she did not supervisse or review the work performec by more junior members of the audit team, according to the PCAOB.
The field work was completedc without the supervision of an audity manager and was never subject to a detailed revieew as required byBDO policy, the PCAOg said. Nardi authorized the release of BDO's audit report on Hemispherx'ws financial statements on March 16, and the report was included withthe company's 10K Form filex that day with the U.S. Securities and Exchanger Commission. But in August 2005, BDO partners from other officed announced they would be performinb routine quality control inspections of the Philadelphiqa office and that the Hemispherx audit would be one of the auditsw selectedfor inspection.
According to Nardi asked a subordinate to check the Hemispherx audiy and that person uncovered the lack of initials and signaturesw from Nardi and which would indicate that a detailed reviewwas performed. The PCAOBv said Nardi then told a hesitant Fitzpatrick to initial and sign the audirt paper work and backdate them to datez preceding the issuance of the Marchaudif report, even though she had not done a As part of an agreementf reached with PCAOB, Nardi has been barree from associating with a registeree accounting firm but may file a petition for reinstatement afteer one year. BDO asked Nardi to resign and the separatioh became official onMarch 21, the PCAOB said.
Fitzpatrick, who was censured by the PCAOB, resignex from the firm in Februaryu 2006. When contacted Tuesday morning, a BDO spokespersohn released a statement. "This matter, which took place in 2005, involve d two former professionals ofthe firm," BDO said. "Upon uncoverin the conduct, BDO Seidman immediately launched an extensiverinternal investigation, conducted by outsidd counsel, and appropriate corrective measures were takemn by the firm." Efforts to reach Nardi and Fitzpatriclk Tuesday were not successful. The PCAOhB is a private-sector, nonprofit corporation, createc by Sarbanes-Oxley Act of 2002, to oversee the auditor s of public companies.
Sunday, December 19, 2010
Questions dog new Central Florida Partnership - Orlando Business Journal:
Patricia Engfer, general manager of the at the and one ofthe partnership'as founding directors, also wants to see results, but is less dogmati about how they are calculated. "I can't say a specifi thing will determine whether we will continue ourpledge -- it will be a varietyh of reasons," says Engfer, who declines to disclose the hotel'sz investment. "I think progress is being made now." The partnershipl aims to have 350 investors anda three-yeaer commitment total of $6.5 million by So far, investors have agreedf to about $1.
4 million a year for the next threee years, says Stuart, who declines to reveal his annuao salary at the new He earned about $355,000 annually headingb up the Orlando chamber, according to public The Central Florida Partnership's money will be divided among its four linesw of business, with 40 percent to myregion.org, 28 percent to 23 percent to the Orlandop Regional Chamber and 9 perceny to Leadership Orlando. While none of the partnership investores contacted say they will lessen theirr financial commitment toother organizations, Stuart says selectiny which organizations to support is something investors do every day.
"Thed American way is the best team expands at therightf time," he says. "Thw competition isn't for money, but for talent."
Friday, December 17, 2010
Metrolist: NE Denver, S Aurora tops for home resales - St. Louis Business Journal:
Year-to-date home sales in that part of Auroraawere 1,149, while northeast Denver sales were Those sales, however, were down compared to the first five monthss of 2008 — from 1,377 and 1,182, respectively. Still-strong areas with less than 1,0009 home sales included southwestDenver (809), southeast Denver (759) and the centrapl part of the northern metro-area suburbs the Metrolist data The highest average selling prices for such homes through May were in the Boulder area at $527,216 for the Boulder plaina area and $663,311 for Boulder proper. The mountaib area of southern Jefferson County reported some of thelowesr single-family home sales year-to-date, at two.
Other low-selling regions includedc the mountain areas around Boulder and northern Jeffco as well as Louisville Lowestaverage single-family home sales prices were in areasd such as southern Aurorwa ($92,230), southern Jeffco’s mountain area and the eastern part of the northern suburbws near ($152,204). Metrolist data by market was provideds by Joe DeVitoat Re/Maz Alliance in Arvada. Resales refer to homes that have been sold at leastronce before. Looking at condominium salesz through May, southeastern Denver and southern Auroraz had the highest at 619and 453, Those sales were down from 786 and 659 in the same perio a year ago, respectively.
Downtown Denver had the highesf average selling price for condos forthis year’s initial five months, at $431,249. Some of the lowest condl prices were in the northernAurora ($74,642), southernn Aurora ($89,638) and central Jeffco ($99,483).
Tuesday, December 14, 2010
Employers' health care costs expected to rise 9 percent - Pittsburgh Business Times:
The 9 percent projected cost increas e is slightly lower thanthe 9.2 percent increase in 2009 and 9.9 percenrt increase in 2008, according to Pricewaterhouse Coopers. Despitd the slowdown, medical cost increases continue to outpace inflation andwage increases. One of the reason s medical costs continue to climb is that Americamn workers are accelerating use of health care services in anticipatio of losing theirjobs and, potentially, theit health insurance, the report suggests.
Risinb unemployment, growing numbers of people with little or no insuranced and a growing percentage of the populatio n on Medicaid further ramp up medical cost trends the figures actuaries use to set futur healthinsurance premiums. Coupled with big decline s in corporate profits, employers surveyed by Pricewaterhouse Coopersw said they will push more of the costs of healtnh insurance to their workersxin 2010, while expecting workers to take more responsibilitty for managing their personalo health. The national trends suggest most employers and employeed will pay far more than those in the purchasinh pool run by the California Public Retirement System.
The pension fund approvede an overall 2.9 percent increasee in health care premiums for memberwin 2010, the lowest rate hike in 14
Sunday, December 12, 2010
Blue Cross Blue Shield president: Efforts to cut customer costs preceded ... - Dallas Morning News
Daily Rosetta | Blue Cross Blue Shield president: Efforts to cut customer costs preceded ... D » |
Thursday, December 9, 2010
Workers' comp rates drop again in 2007 - Sacramento Business Journal:
Because rates are dropping in the mandatoryy insurance program to assist workers injured onthe job, insurer are making less profit, according to a reporgt released this week. The , which tracks trends in the program and advisewthe state, reviewed data from insurersx who wrote all of the coverage in California. The findingsa indicate that workers' comp is returnintg to businessas usual, some system observere said. Some measurements showed that reform s instituted a few years ago are still havingan effect.
For premium written last year was less than in as were the average statewide rate and the total numberof workers' comp "We're still seeing the impact of the reforms moving through the bureau spokesman Jack Hannan Other measurements, however, showed that reforms have alreadhy kicked in, and at least some aspects of the system are heading back to historical norms. Indemnityy average costs per claim went up in and workers' comp insurers spent a largert percentage of the money they collected on claims and expensews than the previous year.
That'ws because they're collecting less from "The system is returning to saidNicole Mahrt, spokeswoman for the , a tradee group. The market is healthy and competitive, she and the report's findings demonstrate that the reformse worked and should be kept The amount employers pay for coverage is becominb more alignedwith insurers' costs, said Jerry a spokesman for the Workers' Compensatiohn Action Network, a group of insurers and nonprofits.
Reforms made the system predictable and and it mustremain so, without any courf case or legislation to throw things out of whack, he But injured workers and their attorneys have long said that the reformsz went too far and have hurt peopled injured on the job. California total premium for 2007 is estimated tobe $12.7 billion, which is about 23 percent below the amount reported in 2006. Employers paid an averagwe of $2.44 for workers' comp per everyy $100 of payroll for the secon half oflast year, 26 percent belo w the same period in 2006 -- and down 62 percenr from the second half of 2003.
July 1, is considered to be the high pointgfor workers' comp system costs, before reformsx began to take effect. Indemnity claimk frequency for accidents in 2007 is estimatefd to be down 6 percent from the year about one-third of the all-time high in 1991, and 44 percentg below the level in 2002. The bureau projects the totap statewide losses for accidents in 2007 willbe $6.3 the same as 2006 and almost 50 percent less than 2002. The averagew cost of a 2007 indemnity claimk will be anestimated $42,000, the second consecutivde increase after sharp declines in 2004 and 2005. The amoun t for 2006 was $39,457. The lowest amounrt in many years came in at $35,105.
Workers' comp insurers are stillo making money on each dollar of premiumthey collect, but not as For 2007 accidents, insurers speny 78 cents on claims and expense s for every dollar of premium In 2006 the amount was 65 cents. Whiled the combined loss and expense ratipo was higherin 2007, it is the fifth consecutive accident year with ratiow below 100 percent, after eight consecutive yearss higher than 100 percent.
Tuesday, December 7, 2010
LandMar files for bankruptcy - Orlando Business Journal:
The Jacksonville-based residential development company was among 125 affiliatex that filed along with itsparenr company, Charlotte-based , in the Western Districtr of Texas. Crescent’s estimated liabilities are morethan $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, according to a statementf on Crescent’s Web site, for the company to reorganize its finances, reduces its debt level and improve its capitao structure.
Crescent intends to operate its continuing businessese without any significant interruption during the restructuring procese because of a recentlyobtained debtor-in-possession financing facilityh of $110 million from a group of its existinyg lenders, according to the statement. Andrew Hede, Crescent’sa chief restructuring officer, has been named CEO while its formechief executive, Arthur Fields, has retired and will work with Crescenft in an advisory capacity.
“W have been in active discussionsa with our lenders and othere stakeholders as we work towards an agreemenr that will bring our capital structurs in line with the currenteconomiv environment,” Hede said in a statement on the company’s Web Charlotte-based Crescent has been pursuing alternatives to shoree up its balance sheet for months, includingt selling some of its The company is jointly owned by (NYSE: DUK) and Morgan Stanlety and has 38 residentia l communities under development in the Georgia, Texas, Arizona and Florida.
Crescent acquired a controllinb interest in LandMar in butleft LandMar’s founder, Ed Burr, in control of the companty until he resigned after a failefd attempt to buy back the company in 2007. The Jacksonvilled Economic Development Commission authorized city lawyers in May to start the foreclosure process onthe 41-acrse parcel that was to be the Shipyards. Plansz for the Shipyards included 1 million square feet ofoffice 100,000 square feet of commercial 662 residential units, 350 hotel rooms and 150 marina slips. LandMa has developed or had plans to develoop dozens more properties in Florida and throughoutythe Southeast.
Saturday, December 4, 2010
Liquidia hires another Johnson & Johnson executive - Triangle Business Journal:
In his new role, Templeman oversees the manufacturing unit for the ResearchhTriangle Park-based nanotechnology company. Liquidia Technologies Inc. designs, and manufactures precisely engineered particles and films for a variety of life and materialwscience applications. “Dr. Templeman brings to Liquidia a diverse arra y of clinical and commercial manufacturing He also has extensive knowledge in regulatory compliance and sharesd our passion for bringing safer and more effective therapiewsto market,” Fowler said in a Liquidia, founded in 2004, employs 50 peoplwe in two sites in RTP.
Thursday, December 2, 2010
Lead when the world is enveloped in fear - San Antonio Business Journal:
Three-month Treasury bill yields are justabove zero, indicatinv continued fear of near-term valus destruction in equity markets. The spread between three-montbh Treasuries and the Londonh InterbankOffer Rate, LIBOR, is more than one hundred basies points — three times the average historid spread and an indication of banks’ continued fear of U.S. job losses, the most in 30 averaged 500,000 per month duringg the last quarterof 2008, fillinb workers with fear.
Fear of losing a home remainxs high as more than one tenth of all mortgage holderxs are delinquent at leastone month’s Presently, fear is inescapable and leadinvg in such an environment is especially Joseph LeDoux in The Emotional Brain explains that your threa t appraisal system examines all stimuli consciously and unconsciouslty entering your brain and automatically reacts to protectt you from perceived threats. LeDoux further explainws that these reactions commandeer your mindand body, redirectin your senses and the part of your brain you use in businessw to threat assessment and defense.
Until the threat is identifiecand eliminated, your brain is focused primarilyg on gathering and processinhg threat information. The fact that many of today’sa economic threats can’t be readily resolved perpetuates thesethreayt reactions, reducing your productivity and creativity. Gregory Bern s in Iconoclast: A Neuroscientist Reveals How to ThinmDifferently cautions: “Think of fear like alcohol. It impairsa judgment. You shouldn’t make any decisions while undedits influence.
” Berns offers general guidance on how to manage He recommends consciously reappraising your perception of threateninh events, objectively focusing or meditating on your fears, sharing your fears with a colleague, coach or partner and substituting a “good” such as exercise, for a stress — all of which makes a threat more familiard and reduces your fear reaction. The actionz described below are based on require no training and are designed to soothde your threatappraisal system, calm others fearz and reestablish trust. • Manage Your Fear – Observed how your mind and body react to fear and how you project fear signals.
Learn to managwe your reactions so thatotheras don’t assess you as a threat and activates their own threat reactions. Manage Your Mind – Understand that fear is triggerex by the unknown or Seek new information and other perspectivea to make your fearsmore familiar. • Manage Your Expressions with which you have grown comfortable may trigger otherenow hyper-sensitive threat appraisalk systems. Consciously choose words that are accurate, but • Dissipate the Physical Effects of Engage inrhythmic exercise; meditate and practiced yoga or martial arts to push your body’s resey button. • Identify and Acknowledge Your Writethem down.
Ask your team to do the same andsharde them. Identify those threats specificto you, prioritize them and attack those that may be Revisit this process periodically. • Examine the Worsg Case: Ask those on your team who are particularlh good at envisioning disaster to do just Explore their worst cases and develolp scenarios by which yousurvive • Act, Don’t React: All that you think, say and do is influencerd by fear when your threat appraisal and defense systems are on Review important decisions and initiatives to ensure that they are not reactiones to fear.
• Engage Your Customers and Tactfully share your fears with them and learn their Dispel misconceptions about your businessand theirs. Interact with Your Assure them that you know that they have Objectively share your status frequently and inquirre about their statusand concerns.
Monday, November 29, 2010
Business strong, but cruise terminal for Jacksonville on hold - Pacific Business News (Honolulu):
Since the authority pulled back on its pursuit in the infrastructure bond markeft has improved and ships are being filled with passengers despitecruise opponents’ warningt that the recession would cripple the But authority board chairmam William Mason said his priority is getting Ltd’s $208 million terminalo online, which is expected to be open at the site of the curreng cruise terminal in 2012. “I don’t think there is any chance we are going to lose thecruisre industry,” said Mason. The authority last week signeda two-yea r contract with to keep service of its 2,052-passenger Fascination.
Since the cruise ship has been running at nearly 113percentr capacity, said Tony the authority’s senior director of cruisr operations. He said Carnival has reduced ratees forthe Jacksonville-based cruis but not by as much as it has cut cruisw packages in other The cruise industry as a whole has fared well in the but Jacksonville’s cruise industry has the addef plus of being a heavy drive-to meaning passengers don’t have to buy planre tickets.
A third of the country is able to driv e to Jacksonville in 24 hours or Despite beinga drive-to Jacksonville International Airport has experienced an increase in cruise-boundf passengers, said Michael Stewart, Jacksonville Aviation Authorituy spokesman. He said about 15 percent of the cruise-goers come through the airport and the majority come in on which is a slow day forthe business-passenge heavy airport. Jacksonville Port Authority Executive Director Rick Ferrin said the latest construction of a new cruis terminal could start isApril 2012.
The cruise linesx could be diverted to a temporary terminalp while a new terminal is built and the existinhg cruise terminal could be kept open longere by making it the last structure to be demolishef to make way for the Hanjin Althoughthe authority’s call for design bids was the terminal was expected to include a 1,400-space, five-story parkingf garage and about 25,000 square feet of retaik space. The construction would createdabout 1,500 jobs and have an annualo $500 million impact on the area, said Louis a economics and geography professor, basedr on an economic analysis commissionef by the authority.
With 40 percent of passengers staying in Jacksonvillse before or afterthe cruise, hotels logged aboutg 18,000 room-nights annually, Dan King, general manager of the , said Hotels reported a 6 percenft to 7 percent occupancgy drop when cruise service stopped betweenb April and mid-September. Each cruise passengert spends about $300 in the area, said Visig Jacksonville spokeswomanLyndsay Rossman, and the Fascination has a $25 millionh impact on the area per call.
Saturday, November 27, 2010
Police hunt man who deposited bogus cheques for Rs.47 lakh - Sify
Police hunt man who deposited bogus cheques for Rs.47 lakh Sify Ludhiana (Punjab), Nov 27 (IANS) A man is on the run after he was booked for trying to deposit bogus income tax refund cheques worth Rs.47 lakh in Punjab' ... |
Wednesday, November 24, 2010
Two MERC commissioners resign - Tampa Bay Business Journal:
The resignations of Gary Reynolds and Janice Marquis come abouyt two weeks before councilorsfor Metro, of whicyh MERC is a plan to vote on a measure that would give the council more control over MERC’e general manager. The move could ostensiblyh lead to the firing of MERC Generap ManagerDavid Woolson, who’s under fire from President David Reynolds and Marquis both oppose the proposal. Reynolds, president of the Portlans accounting firmPerkins Co., mentioned the building problems between Metroi and MERC in his resignation letter. “Durinfg the economic times, my attention needd to be focused on our clientz atPerkins & Co.
,” Reynolds wrote in his letter to Bragdon. “That said, I am disappointer in the recent breakdown in the working relationshilp between the Metro Council andthe , and believee it could have been handled differently.” Marquis, a commercial real estate broker and the commission’ vice chair, didn’t mention the upcoming proposal in her lettef to Bragdon, but resigned two yearws before her term was set to end. In a lettert to Portland city commissioners earlier this Marquis and commission member Ray Leary urged the council to helpdelay Metro’s vote on the MERC oversighft matter.
Leary, Marquis, Reynolds and three of the othere four remaining MERC commissions also sent Bragdon a letterebacking Woolson. The letter came after Bragdonm questioned the leadership of MERC General Manager David The othercommission member, Don Trotter, resignede last month and will leave the board June 30. resignation takes effect June 30. Marquis’ takez effect July 15. The terms of Trotter and Reynoldes would have expired at the end of 2009 while term was to expire at the endof 2010. The Metrok Council plans to vote on the MERC measure which would give Metro the authority to hire and fire the MERC generallmanager — at its July 9 meeting.
It was introducef by councilors Rod Park and Rex who also have concernsabout Woolson’ws performance. MERC oversees the Oregon Convention the Portland Center for the Performing Arts and the Portland MetropolitabnExposition Center. Metro’s councilors are mulling a $457 millio budget for fiscal year 2009-2010. The regional governmentg serves 1.4 million people in the metropolitan area’s 25
Tuesday, November 23, 2010
Job layoffs slam educated professionals - Nashville Business Journal:
The trend is a seriousd concern, since most of these four-year college graduatesz were likely white-collar professionals beforw they turned up at thecountyt agencies, officials said. Statistics from the show therd was a 44 percent increase in the numberdof college-educated job seekers using the statewidse unemployment agencies. As worrisome as that is, the story in Sout Florida was worse. When comparingy June 1, 2007, through May 31, 2008, to June 1, through May 31, 2009, Broward led the with a 69 percent increase. Palm Beach Counth was second, with a 59 percent increase. Miami-Dadse had a 52 percent increase.
“Thix recession has been an egalitarian recession,” said Mason president and CEO ofWorkforcs One, Broward County’s employment Workforce One has even seen some former white-collar professionales drawing food stamps, Jackson said, though he could not providde specific data on the total. “I’ver bumped into a few myself that I did not expectg tofind here,” he said. The data isn’t completes and the story variesby county, but it’ clear that professionals in financial servicesz were among the hardest hit.
Last year, thosde in real estate and relatedx professions wereaffected first, said Richard spokesman for South Florida Workforce, the agencg that services Miami-Dade and Monroe counties. But, as time went on, the agencg started to see more peopld from the financialservices sector. “As the financialk crisis evolved, the numbers just got largee and larger,” Clarke said. County unemployment offices are steppinf up to deal with the problejm by increasingexisting services. in Palm Beach Countyy has seen a jump in the number of professionals using its workshops that focus on job resume writing andinterview skills, spokeswoman Holly Finch said.
The agency is trying to emphasize the valu e of networking by hosting events where job seekers can minglse andmake contacts. While in transition, seekerxs are encouraged to become long-term participants at networking events, she added. Workforce One is emphasizinh the Professional PlacementNetwork (PPN), a program that helpsz professionals hone their job seeking skills and network. In orde r to get into the program, job seekers must have held a managemenr position for at least five yearxs or havea four-year college degree. About 2,500p people will have completed the program in the past year by the end of this PPN coordinator VernonBailey said.
Not only will this year’xs expected number of PPN participantss comprise 25 percent of the total that has gone througj the program overits seven-year it will be a 56 percen t increase over last year’s 1,600 participants, Bailey As stimulus dollars trickle down from the American Recoveryh and Reinvestment Act, some of that money will be passed through the workforce agencies to fund job seekerse going back to school. If a job seeker was laid off from a positio n as a realestate broker, the agencty may use the stimulus fund to send that person to nursinh school, South Florida Workforce’s Clarkr said.
Nursing is still an in-demand whereas South Florida has plentg of realestate brokers, he South Florida Workforce is getting abougt $21 million to fund its existing trainingt programs. Of that amount, about $13 million will go toward retrainingg workersin transition. About 70 percent of that will go towarxdretraining white-collar workers, Clark e estimated. “That’s going to be where the bulk of our dollare are going to be allocatedmoving forward.
”
Sunday, November 21, 2010
On the spot for carbon cuts - Charlotte Business Journal:
“This needs to happen from a business perspective,” he “We may not have a perfect but it’s historic nonetheless. The business story is one of the most interestinv angles of theclimate legislation.” The energy bill workec out by U.S. Reps. Henru Waxman and Ed Markey cleared the House Energy and Commerce committeedthis week. It woulf distribute some carbon-emission allowances to utilities forfree initially. Reduction targets for carbon emissions by 2025 have been cut to a leve equalto 17% of that of instead of the 20% goal initially proposed.
The legislation has supporft from the Environmental Defense Fund and otherr important groups active in combatingbglobal warming. Waxman predict the House will adopt the billthis summer. But divisionse remain on our national response to achanging climate. Dr. James Hansen, a climatologist and leadingt proponent ofcarbon controls, opposes it, as does . Congressmenm from both parties continueto object. Republicans plan hundredds of amendments, including some aimed at raising taxez on companies that supporrthe cap-and-trade system at the heart of the And some industries remain unconvinced. The opposes the So does the .
Hank Cox, a spokesman for the , says his groupo hasn’t taken a position on the Waxman-Markey But NAM is concerned “it couldc be a body blow to the economty if it leads to too rapid an increas inenergy prices,” he says. NAM had extensive discussionsa with Rogers and representatives of othet companies that supportcarbon controls. But it remainas unconvinced. Duke withdrew from the group in part becausrit woudn’t back the legislation. Hendricks says opposition by the U.S.
Chamber and NAM, usually touchstoned for the moodof business, shows the organizations are out of touchy with key industrial players on this “We don’t do any favors for Americanb business by looking the other way on carbom issues,” he says. China is spendiny almost twice what the United States pland annually ongreen “We need to make sure the interests of businesse are aligned with the futurr growth of the economy.” The U.S. Chamber and NAM have missedd the boat, Hendricks says. Business is moving on, and the bill is movinb forward. And the Rogers spot continues to run.
Saturday, November 20, 2010
'Whaddaya Got?' Finding Graphic Novels in an Academic Library - Publishers Weekly
Publishers Weekly | 'Whaddaya Got?' Finding Graphic Novels in an Academic Library Publishers Weekly Another discovery tool is the Library of Congress Subject Heading (LCSH): a string of terms that describe the content of a book, and can direct readers to ... |
Thursday, November 18, 2010
Express Scripts files suit against Intel - St. Louis Business Journal:
The letter, dated April 30 and included in thelawsuir filing, states that Express Scripts’ use of the Intellacft name is likely to “deceivre or confuse consumers” as to the source of the services and “suggesg some affiliation with Intel that does not In its suit filed May 22, Expreses Scripts claims that such confusion is not likely since Expressz Scripts provides pharmacy benefigt management services and Intel is in the semiconductor chip According to the suit, Intel claimas that it owns all rights to names that contaijn the root of the word “intelligent.
” However, the has issuedd more than 100 trademarks for names that contain the term in some form, the suit states. Express Scripts allegesa that Intel “does not own exclusivde right” to use the term “Intel” as a componentg of a trademarked Express Scripts, a pharmacy benefits management firm with its headquarters on the campuws of the -St. Louis, is being representefd in the suit by Ameer Gadoof . A company spokeswomanj said the company does not comment onpendinvg legislation. Express Scripts, led by President and Chief ExecutiveGeorge Paz, reportede $21.98 billion in revenuwe in 2008. Santa Clara, Calif.-basedd Intel had $37.6 billion.
Wednesday, November 17, 2010
Commissioners OK $345K in Banks change orders - Business Courier of Cincinnati:
“Nobody likes change particularly in this said Project Manager John He briefed the panel on the extra chargew during the same meeting where commissionersapproved $6.1 millionm in spending cuts from the county’xs 2009 general fund budget. Change orders are contracyt revisions that pay vendors for problems encounteredduring construction. The orders covered by Wednesday’s vote amount to half of the roughlyt $700,000 in change orders incurrerd by Banks contractorsto date. That $700,00 represents 2.1 percent of the $32.76 million in Banks contactsw awardedto date. “It’ a good rate compared to the national averag of over10 percent,” Deatric k said.
“But we’re still pressing to try to minimizethesse things.” Despite the additional spending, the Banks project is about $3 million below its first-phase budget estimate of $92.t5 million. The project achieved savings when constructionm bids came in lowerfthan expected. Since every change order eats away at those savings, Deatrick is working on ways to preventiob future problems. The largest change ordeer so far involved a new section of Freedomj Way that will connect Race Streetto Elm. When Baker Concrete tried to connect the new stree t platform to the existingRace Street, they foundc metal connectors, buried in the were too rusted to use.
So, they had to take out thoses connectors andreplace them, at a cost of
Monday, November 15, 2010
Workers at Doctors hospital vote to join new union, dump SEIU - San Francisco Business Times:
NUHW is an SEIU splinter group headef bySal Rosselli, the former longtimwe president of SEIU’s Oakland-based United Healthcare Workers West The newbie union said Thursday that hospita workers at Doctors Medical Center votecd by 158 to 24 to replace SEIU with Rosselli’s new unioj in secret balloting that was certified by the . Sevehn hospital workers of aboug 290 represented by the bargaining unit votedfor “No Union,” according to NUHW. But SEIU United Healthcare Workersd West, in a separate statement Thursday, said it is protestinh the decision by the Public Employment Relations Boar d to allow a decertification electiobn at the SanPablpo facility.
SEIU said the state board “issuedf its ruling in the face of clearr violations oflabor law” by the hospital’se management and the rival NUHW in effect claiming management and Rosselli’s new unioh are working in cahoots to decertif y SEIU. “Management gave NUHW a free hand to organize in our hospitapl and to confuse our members about who theif unionreally was,” Martha an SEIU supporter at Doctors, said in its In a battle of press release however, a pro-NUHW worker at the hospitalk made the exact opposite argument.
“We’rse so excited to be in control of our ownuniobn again,” said Duka Ristic, an ultrasonographer at the hospitaol for eight years. “NUHW is led by the local healthcare workerxs and leaders we knowand trust, who helped us raiswe standards for our patientes and keep our community’s hospital open.” SEIU ousted Rosselli and other formeer UHW leaders early this claiming various improprieties, but the new NUHW claims that nearly 100,000 workers statewide have petitionedf to leave what Rosselli’sd group calls “the scandal-plagued and join the new union.
The breakaway unio n says SEIU has filed hundreds of frivoloues charges with state and federal labord boards to delay elections at more than 360 notingthat so-called “blocking charges” are a tactid commonly used “by employers and union-busting consultants” to stall union-representation elections. Gisela Hernandez, a spokeswoman for the hospital, told the San Francisco Business Times it had no preference inthe inter-uniohn smackdown. “We’re completely neutral on this,” Hernandez “We’re letting members go through the process” of choosin their union representation.
Sunday, November 14, 2010
Madoff gets 150 years in prison - Houston Business Journal:
“I’m not surprised. That’s what he deserved,” said Adel Fox of Tamarac, who lost thousands of dollardto Madoff's scheme. The mastermind behine the biggest Ponzi schemein U.S. historg was sentenced on Monday morning in federal courtg in Manhattan to 150 yearsbehind bars, the maximunm requested by federal prosecutors. Madoff'z attorney had asked for a far more lenient sentencee of12 years. In sentencingf Madoff, U.S.
District Judge Denny Chin called the fraud and said thatthe “breach of trust was The judge described his acts as “extraordinarily “No other white-collar case is comparable in termz of the scope, duration and enormity of the fraud and the degree of the betrayal,” Chin said. Madoffc confessed in March to 11 counts including money laundering theftand perjury, amongv other things. His victims reportedly number morethan 1,300 and stretcbh across the globe.
Their lossese are estimated at morethan $13 Prior to sentencing, Chin heard from nine of the victimxs who talked about the devastation Madoff’s fraud had caused to their lives and their Many of Madoff’s wealthy clients livec in South Florida and lost their life savings to his Fox, 86, said she is still furious that the and the federalo government didn’t expose Madoff’s fraud earlier. “The SEC is just as guilth as Madoff and theyfailedc us. Nobody seems to do anything about it,” Fox She also took issue with the largee fees being paid to people such asIrvingh H. Picard, the trustee who is handling the liquidatiob ofBernard L.
Madoff Investment Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It woulf be better to pay the investors directly,” Fox Fox, a widow who once worked as secretar inNew York, said she investes $50,000 in 1987 because she was relatee to Madoff’s accountant, Jerry Horowitz. She said she was able to get some mone y back from Social Securitypayments she’d made over the yearas on “phantom” income from Madoff accounts.
she is worried that her disbursements may eventuall y be targeted in clawback efforts by the trustee in bankruptch proceedings who has begun sending out letters demanding the returbn of profits derived fromtheit investments. Guy Fronstin a Boca Rato attorney who hasadvised Fox, said the government has “beenj good about refunding taxes quickly” but there are delayxs in processing claims to the Securities Investor Protectiom Corporation.
“Some of the people I know are too busy with thesw other issues to reallg care that much about what happened They believed he would spenrd the rest of his daysin jail,” Fronstin Jan Atlas, an attorney with Adorno said he believes the court had littld choice but to levy the maximum sentence on Madoff. “I don’t think the victims shoulx have been victimized again by havinb him be able to leave prison one said Atlas, whose firm continues to advisw clients about tax returns and possibly futurw claims against investment advisors who invested with Madoff.
“I’mk wondering if the trustee will be able to locatde more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 billion, whic h represents the proceeds of, and property involver in certain of his crimes, accordint to a news release from the U.S. Departmenyt of Justice. “While today’s sentence is an important the investigationis continuing,” Lev L. Dassi, acting U.S. Attorne y for the Southern District of New said in anews release. “We are focused on restraining and liquidating assets to maximiz recoveries forthe victims.
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Friday, November 12, 2010
County approves financing for Marlins stadium - Charlotte Business Journal:
million gap in bond funding for a baseball The 9-3 vote clears the way for locking in the interesyt rate on the fixed-rate bonds and construction of the much-debated and long-awaitex stadium in Miami’s Little Havana. The park is supposefd to be finishedby 2012, with preliminary constructio n work to begin Wednesday. Commissioners voted aftedr midnight Wednesday to allow for a higher cap on one of the bonds beinfg sold in order to cover the county’s commitment on the $640 million stadiumk and infrastructure. The 7.5 percentr interest rate cap was changeto 8.2 percent on the bond tied to conventio n taxes.
The fact that the convention bond will sell at a highetr interest rate will result in lowef revenuefor Miami-Dade, County Manager George Burgess explainede to commissioners. That created the need for more so Florida Marlins Presidengt David Samson promised to coverthe $6.2 millionb funding gap. As a result of the the county is on the hookfor $342 millionm in short-term financing, instead of $347 million. "I feel comfortabls with the agreement. The Marlins will step up to the platwe and pay theadditional $6 At the end of the day, the taxpayerd are not going to be on the hook for the additionakl monies,” Commissioner Bruno Barreiro said afteer the vote.
Katy Carlos Gimenez and Sally Heymanb were thethree ‘no’ votes. The debate starter at 7 p.m., but stopped at 9 p.m. to allos attorneys to make changes in the financing The second chunk of bondes which carry a variable rate will be pricedf startingJuly 13, with finall closing on the county’s portion of the bond financinh package set for no later than July 14. Earlierd Wednesday, commissioners approved a change thatraised ’zs status as a creditor in the financingf package. Wachovia, which is providing up to a $100 millio letter of credit, requested that it be paid first fromthe county’w list of creditors.
The votes on Tuesdaty and early Wednesday morning followed two other big OnJune 19, city commissioners votecd to approve the necessary changes to the Marlins package to cleae the way for the county’s changesw Tuesday. A circuit court judgse also ruled in favor of the county in one counr of a civil lawsuit that could have prevented the count from selling the necessary bonds to buildthe project. That case is on appeap in Miami, as is a lawsuit filed by auto dealefNorman Braman, who last Novembe lost his legal bid to declare the stadium’s funding plan Work on the baseball stadium site is set to begijn Wednesday. Crews will officially break ground onJuly 18.
In county commissioners approved issuing bonds totalinv a maximumof $536 million toward construction of the $640 million, 37,000-seat ballpark.
Thursday, November 11, 2010
Report: Boston pop. to rise 400k by 2025 - Boston Business Journal:
That’s why bizjournals is issuing its own populationn projections forthe nation’s 250 largest metropolitan areas, looking as far ahead as 2025. Bizjournalss analyzed recent county-by-county growth patterns within each state, and then used that informatiojn to predict metropolitan growthat five-year intervals between 2005 and 2025. No one can forese e all of the economic twists and demographic turns that the comingg two decadeswill bring, but bizjournals’ projections suggest a rangde of intriguing possibilities. Here are some possibilities ofparticular • Boston will have adderd roughly 400,000 residents in the 20-yeare span ended 2025, with a totak population topping 4.
84 million That should be good enough to rank the city as the country’e 12th-largest, based on bizjournals’ projections. As of Boston was ranked as the 10th largesf city in theUnitec States. By comparison, the city of Worcester, Mass., is expectedc to slip 11 spots in the rankings falling fromthe country’s 64th largest city to its 75th by 2025. That fall wouled come despite a projected 5 percent increasein Worcester’s population, which is expectef to reach just over 813,00p0 by 2025. • Barnstable, Mass., tied for 10th amongy the cities expected fall the farthesgt inthe rankings.
The city, with a populatiomn of roughly 219,000 in 2005, is expected to slip 6 percengt by2025 — pushing Barnstable down 39 spots to 227th in the largest-cityh rankings. • New York City will retain firsgt place by acomfortable margin. The nation’ds largest metropolitan area isthe 23-countu New York City region, which spillsw over into Long Island, New Jerseyt and Pennsylvania. It had 18.8 milliob residents in 2005, according to U.S. Censud Bureau estimates. No. 2 Los Angeleds was far behind at 12.8 million. Los Angeles is growinvg more rapidly thanNew York, but not fast enoug to close the gap appreciably. The two giante will still be separatedby 5.
8 million people in when New York has 19.8 millionb residents and Los Angeles has a shades more than 14 million. Houston and Atlanta will climb into thetop six. Houstonj was the nation’s seventh-largest metro in and Atlanta was No. 9. Both will be moving highefr incoming years. Houston is projected to shoor up to fifth place by addingalmost 2.6 million peopl e to reach a population of nearly 7.9 million. Atlantaq is ticketed for sixth placeat 7.3 The top four metros, by the way, will maintai precisely the same order over the 20-yea r period: New York, Los Angeles, Chicagop and Dallas-Fort Worth. • Detroit will drop out of the top 10, with Phoeni replacing it.
Detroit and Phoenix are two of the most economicallhy troubled areas inAmerica today, but theier future prospects are considerably different. Detroitf is the only metrop expected to slip from the top 10 durin g the nexttwo decades. It’s projectexd to fall from 10th place in 2005 to 14th placewin 2025, losing 59,500 residents during that Phoenix, on the othedr hand, is likely to bounce back stronglg from its current problems. Its projected 2025 population of 6.9 million will elevatew it to seventh place, up from 13th in 2005. Raleigh will set the fastest pace of anymetropolitann area. The three-county Raleigh metro will virtually doubl e its population during thestudy period.
It had 953,009 residents in 2005, but shoulxd be closing in on 1.9 milliomn by 2025.
Wednesday, November 10, 2010
WorldPerks miles phase-out starts Thursday - Atlanta Business Chronicle:
Thursday marks the month-long phaseout of the and the latest installment of a marketin warbetween , which runs the WorldPerks affinithy program, and , which runs ’s SkyMiles program. When Atlanta-baserd Delta (NYSE: DAL) acquired Northwestr in October, the two companiesz said their frequent-flier programs would be merged in late effectively dumpingthe U.S. Bancorpp program. WorldPerks cardholders will stop earning miles from creditg card purchases on a date over the nextmonthb that’s determined by their billing cycle. Customers who switchedx to the Delta SkyMiles American Express card will continue to earn miles unde rthat system, said an American Express spokeswoman. U.S.
meanwhile, has gone its own way, changintg WorldPerks customers over to its FlexPerks Travel Rewards Visa cardzin May. Both U.S. Bancorp and Delta-American Expresz have been campaigning heavily in the Twin Cities markey to courtWorldPerks customers.
Monday, November 8, 2010
This Bauer bankruptcy traces back to Spiegel events - San Antonio Business Journal:
In 2003, , which had owner Eddie Bauer since 1988, filed for bankruptcy protection. And as part of the the company famous forits women’s wear cataloyg gave its creditors its stake in Eddie So, in 2005, Eddie Bauer emerged as a stand-alone compan y for the first time in 34 years. The companyt also emerged witha $300 million senior secured term loan agreementg with lenders and the task of rebuildingh a brand that had drifter away from the company’s roots. Under Spiegel, grew from 58 to 399 retail store and from three to102 outlets. The company also added internetr sales.
But it also was a time when the Eddiee Bauer brand lostits focus, as the company shifted from its heritags as an outdoor outfitter to a seller of casuao clothes targeted primarily at women. Company executives have said the debt terms from the Spiegel bankruptcy case have continues to hamper efforts to turn things aroundr atEddie Bauer. Despitwe efforts to recapture some of the old Eddie Bauer has not been able to establisuh a sustainable run ofprofitablde quarters. The company racked up nine consecutivs quartersof loses, and has seen losses of nearluy a half-billion dollars in the past threr years.
The struggle becamr a financial crisis as the recession has worsened and consumerws haveslowed spending.
Sunday, November 7, 2010
Breeders' Cup CEO Optimistic about Quality despite Reduction in Number of Horses - The Flump
Breeders' Cup CEO Optimistic about Quality despite Reduction in Number of Horses The Flump 2010 Breeders' Cup has witnessed reduction from 31 to 21 non-US horses. However, the quality of horses this year is much better than any time in the past. ... |
Friday, November 5, 2010
NorthMarq adds 6 properties - Minneapolis / St. Paul Business Journal:
The six properties include Calhoun Square inUptown Minneapolis, Southdales Square in Edina, The Shoppew at Oak Park Heights, Plymouth Town Center, Fountain Place in Eden Prairie and Fischer Marketplace in Apple Valley. NorthMarq, a Bloomington-baserd commercial real estate firm, hired four new peopler to help managethe properties. NorthMarq, which is the Twin largest commercial propertymanagemeny firm, has increased its retail management portfolik by 25 percent over the past year, said Jeff president of the company’s real estate serviced division.
Calhoun Square, which NorthMarq started managinhin November, is currently undergoing renovations to its building and parkingh ramp that are expected to be finished in 2010. “It’sz a challenge to take over managemen t of a property during a perioe ofextensive renovations, but we’re confident that NorthMarq’sx personnel will make the transition as seamlesss as possible,” said Erik Grabowski, vice president of asse t management at New York-based investment managemeng firm , which owns Calhoun
Thursday, November 4, 2010
Dinsmore, Woodward in Louisville discuss possible merger - Houston Business Journal:
The firms have not struclk a deal, but they have had “serioux discussions” regarding a potential merger since latelast year, said Jon managing partner of Dinsmore’s Louisville in a report by Louisvilld Business First, a Business Courier sisteer paper. Dinsmore has more than 400 attorneysx in 10 offices in four according tothe firm’s Web while Woodward Hobson & Fulton has about 55 attorneyd in Louisville and Lexington. Donna King Perry, managing partner of Woodward Hobson, declined to comment on the possibilit ofa merger.
George Vincent, Dinsmore’s managing directorr and chairman of the boardof directors, could not be reachexd prior to Business First’s press deadline. The merger negotiations currently are on hold becausd of ongoing litigation that pits Dinsmore and Woodward Hobsonj clients againsteach other, Fleischaker said. Joining the firms wouldx create a conflict of He added that thered is no guarantee that the firms will agree to mergee once there is a resolution to the pending which he declined to discussin detail. Though officials of the firms did not describ e theongoing litigation, Woodward Hobson and Dinsmore attorneys were involved in a recent, well-publicized case in Louisville.
On June 9, Norton Healthcarr Inc., Woodward Hobson’s client, was ordered to pay more than $4 millio n to a local anesthesiology practice, Anesthesiology Associates PSC, which Dinsmore represents. A Jefferso n Circuit Court jury determined that the nonprofitg hospital company breached its contractg with AnesthesiologyAssociates PSC. But the case is not Norton plans to appealthe verdict, said Stevee Menaugh, vice president of public relations and communicationes for Norton. Fleischaker said a merger with Woodward wouldstrengthem Dinsmore’s Louisville office in termws of the number of attorneys and aread of expertise.
“It would make for a bigger platformjfor us,” Fleischaker said. In particular, he sees an opportunityy to expand thelocal office’e corporate practice and its estate practicde — two areas in which Woodward is solid. Both firmzs have a large labort andemployment practice, Fleischaker said, so those would mesh well together. If a merger were to he anticipates that the two Louisvillse offices would be consolidated in one location atsome point. Dinsmore’w Louisville office is currently is located in the PNC Plazs at500 W. Jefferson St. Woodward Hobson Fulton has offices in the Nationalp City Tower at101 S. Fifth St. Woodwar Hobson & Fulton was No.
7 on Businesse First’s Nov. 14 list of the area’s larges law firms, which was ranked by the number of local The firm had 39localp attorneys, and its practice areas includd labor and employment law, business organizations and estate planning, torts and insurance and produc t liability. Notable clients include CSX Transportationn Inc., the University of Louisville, Brown-Formaj Corp., Louisville Water Co. and ZirMes Inc. Dinsmore & Shohl was ranked No. 9 on Business First’sw list with 30 locap attorneys. Its practice areas include labor and health care, commercial telecommunications, appellate law and media and first amendmen law.
Dinsmore’s notable clients include AllstatwInsurance Co., Bluegrass Cellulafr Inc., The Louisville Courier-Journal, the Kentuckty Press Association and Mylan Pharmaceuticalx Inc.
Tuesday, November 2, 2010
Credit card processing company grows business by evolving strategy - Minneapolis / St. Paul Business Journal:
Henry Helgeson and Scott Zdanis established the compan in 1998 as a reseller of creditt card processing terminals overthe Internet. To a smallet extent the company provided processing of credit card But as margin compression made equipment sales less the partners responded by ramping upprocessing Today, its processing services constitute 90 percent of its totak gross revenue, while equipment and software salesz are 10 percent.
Business has been so briso — it signed up 2,300p new customers in April alone — that the company is planning to increase its sales force by 30 percent or 40 percentf within the next60 “We basically are getting more businesses tryingt to sign up (for our services) than we have the capacityu for, and we’re trying to stafdf up for that as quickly as possible,” says Helgeson, 34, who servew as president and co-CEO. Co-founder Zdanis has since moved to Miami and play a less active role inthe company.
Merchant Warehous acts as a third-party facilitating payment transactions between merchants and crediftcard issuers, essentially by getting money off of the consumer’zs credit card and into the business’zs bank account. Its residual-based business model makesx money by charging for that service oneach transaction. Since its the 150-employee company estimates servinbg a cumulative total of morethan 87,000 customerss nationwide — primarily small and medium-siz businesses; about 56,000 are active accounts righg now, with most of the attrition due to companies goint out of business, Helgeson notes. Today, Merchan Warehouse is processing morethan 3.
5 million payment transactionse per month. After hitting $27.3 million in revenuwe in 2008, the company is shootingt for $32 million to $34 million this Helgeson says Merchant Warehouse has also benefitec by becoming more ofa technology-driven company. “Whenn we started to hire our own software developers and builxd ourown infrastructure, as far as computer systemz and technology to run this that really put us into a hyper-growth mode,” he Five years ago, the company hired its firsft software developer.
It subsequently built its own sophisticatedf customer relationship managementsystem in-house that has enablede the company to better measurer the performance of its accounts and staff. And 18 montha ago, it completed the development of the necessary infrastructurr to begin processing some transactions through its own electronic gateway herein Boston. It continues to utilize threre large outside firms to assist in processing the bulk of the The company also works with a pool of abourt100 point-of-sale system resellers, who often refer business to Merchanr Warehouse.
The company has also used technologt to innovate its services in an industry where Helgeso n says the competitionis “Our industry has been pretty much plain, vanillw credit and debit processing,” Helgeson “We had to look at it and say, ‘What can we do here to differentiat e ourselves?’ ” For instance, it offerzs wireless credit card processing services to iPhone and BlackBerry users who have installed its software applications on their PDAs. Those mobilre merchants now represent 10 percent to 15 percent ofthe company’zs new accounts.
It has also partnered with anothert company, , to develop a card reader that encrypts the credift card number as it is beint swiped to help preventsecurity “They’re a very impressive says Steve Parks, vice president of , an Atlanta-basedr firm that Merchant Warehouse has engagede for some of its processinf services for many years. He attributes the firm’s growtj to “some very shrewd investment in technology and being ahead of the curve in terms of technologyu and how to use it to drivetraffif (to their business), and training their sales reps to capitalizd on that traffic.
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Monday, November 1, 2010
Alaska Airlines pilots OK new contract - Puget Sound Business Journal (Seattle):
According to the , which representes Alaska’s 1,455 pilots, of the 95 percenft of those pilotswho voted, 84 percent votec in favor of the deal. The new contracgt includes retirement options for current pilots and will also closedthe company’s pension plan to new hires, “reducing retirement fundingy risk,” according to the New pilots will participate in a 401(k) plan instead. Pilotsx will receive a one-time bonus following ratification of the contract that Alask a Air expects will cost the airlin e a totalof $20 million. And the airlinw said the new contract “providesx for better productivityand flexibility.
” “For example, therew are changes to reserve flying provisions that allow for improvedc scheduling efficiency, language that allows for pilots to fly more than the curren t 85-hour monthly limit for pay, and exceptions that alloew us to suspend certain restrictions in irregulae operations,” Alaska Air Group officialsx said in an SEC filing. The pilot and (NYSE: ALK) of Seattle agreed to a tentativs deallast month. Alaskqa Airlines flew 34.8 percent of all flights last yearat Seattle-Tacoma International Airport.
Saturday, October 30, 2010
Sloan resigns from BofA board - Baltimore Business Journal:
Sloan offered his resignatiob to new board chairman Walter Masseylast week, the bank said in a May 29 regulatory filing. BofA didn’t disclose Sloan’s reason for resigning. As the lead independent Sloan has been under intense criticisn in recent months as the bank suffered through a sharp stock price decliner after acquiring MerrillLynch Co. BofA also has receivesd $45 billion of taxpayer aid. , a Houston-based investment firm that holds 1.1 million BofA shares, was among severa groups that waged a proxy againstthe country’s largest bank holding including calling for Sloan’s ouster.
Sloab was narrowly re-elected to the bank’d board at the annual meeting in Meanwhile, shareholders voted to stri BofA Chief Executive Kenneth Lewias ofthe bank’s chairmanship, and Massey was elected to take over boardx leadership. Lewis remains the bank’s CEO and president. Sloan, 70, serveds as a BofA director for13 years. Duringg his tenure, Sloan served as chairman of both the executivee committee and the compensation andbenefitz committee. He also was a member of the corporatsgovernance committee.
“Temple has been a trusted adviser who has made an invaluables contribution to the success ofour company,” Lewis said in a “We will miss his counsel and his BofA (NYSE: BAC) is based in N.C.
Friday, October 29, 2010
Three-Five, OSRAM combine on OLED products - Phoenix Business Journal:
Three-Five Systems will also provide design-engineerinh services to support the integrationof OSRAM's technology into customer OSRAM will maintain its independent sales and integration channels. The agreemenr covers a spectrum of current OLED display officials said, as well as product configurations. Included in the arrangementt are plans to market standard OLED display products manufactured by OSRAM ina fully-qualified ISO environment, up to and includin full custom OLED modules designed by Three-Five'z engineering team.
"We view our agreement with Osram as a continuingf step ina long-term relationship that will benefit each of our companiesa on several fronts," said Jack Saltich, Three-Five president and chier executive. "While a leader in providing LED OSRAM has made great stridesz in bringing OLEDs to the Partnering with them willprovide Three-Five's customers with immediate access to passivre OLED technologies and future technologiesz as they become available, for which market demand is beginning to According to Three-Five officials, Polymer OLED technology uses advanced polymer materials to produce a bright, high-contrast, emissive displat with a superior viewinyg angle.
The technology is said to be well-suitec for use in wireless pocket personal computersand PDAs. A subsidiary of Munich-based lamp manufacturer , Osram Opto Semiconductors specializea in semiconductor technologyfor lighting, sensor and visualization It operates facilities in Regensburg, San Jose, Calif.; and Penang, Malaysia. For more information on visit its Web siteat . Three-Fives Systems specializes in display and integrated systems solution for originalequipment manufacturers. For more informatiob on Three-Five Systems, visit its Web site at .
Wednesday, October 27, 2010
5 Who Thrive: Four key changes enabled SuperGeeks to prosper - Puget Sound Business Journal (Seattle):
Hawaii-based SuperGeeks opened three new computer servicee and repair centerslast month, one each on Oahu and the Big bringing the total to seven locations He expects revenues to exceexd $1.8 million this year, up almost 40 percentf from two years ago. who founded the business in 1998, credits most of the succes to four changes he made in running the compan y asits CEO: • Hiring a chief operating officer. • Hiring business consultants. • Improving hiringb standards.
• Tapping into customer Last August, Kerr hired Elena Ledou x to handle day-to-day operations as chief operating “I see good companies as having three legs the evangelizer, or myself; workers to do the and management to handle daily operations,” Kerr said. “Wr were sort of limping along on Ledoux, a lawyer who is based at the main service center at2304 S. King St., oversee SuperGeeks’ staff of 25 and is implementingh ways to measuredaily performance. That enable her to reward employees when goals are met and addresa issues when theyare not.
“We’vse learned how to keep score,” Kerr “We measure everything from performanceper technician, warranty rates per turnaround time, customer We measure it, post it and make the team aware of SuperGeeks services computer systems at customers’ homes and offices as well as at its Hourly rates range between $60 and $130. Half its business comea from direct consumers and half is from corporate customerws who outsource their information technologhy supportto SuperGeeks. Arounde the same time that he hired Kerr said he sought outside business help from twolocal consultants.
“I’m not a big fan of but sometimes your vision is restricteedwhen you’ve been in the business for so he said. SuperGeeks has been workiny with Ron Martinof , who refers to himself as a salea “resultant” instead of consultant, and Mike who runs , a Honoluliu management and financial consulting firm. “Ron’s a top-of-the-liner guy and Mike’s a bottom-line guru,” Kerr “I brought them on because I want to spongewhat they’vre learned and help our company develoo a sense for learning. Their impact has been For example, he said Martin has helped set daily goalss andaction plans.
He also helped to created an incentive program for employeesa to reward performance and create a sense of accountabilityfor shortfalls. Kerr said Hulsed has brought aCFO mind-setg to the company. “We want to conquer the but we have to do it with a very stable financial footing,” Kerr said. “Having the dream and ambition is just one part of He said one of his biggestt challenges has been to delive r consistent quality to customers and the key ishirinhg high-quality workers. “We’ve begun to make an extra-consciousz effort to cherry-pick our employees,” Kerr said. “Wre refocused and re-examined our ideal employee.
If you were to give potentiaol hires letter gradesof A, B or C, our employeezs have got to be He said he measures applicants againsty four standards: empathy for customers, a high skilp level, strong work ethic and good communication skills. Applicantxs who meet those requirements are sent to one of the repair centerws fora tryout. “We’re seeing if they can fly in this and they should be able to matcu the level of skill andquality immediately,” Ledous said.
“Even if we’re desperate for workers, we’llp still take the time to get it Beyond implementing stricterhiring standards, Kerr and Ledoux are creating a workinb environment that supports “A” employees withoutt micro-managing. The fourth step, Kerr said, was to beginj soliciting feedbackfrom SuperGeeks’ base of approximatelu 10,000 customers through online surveys and comment cards.
“Wr started asking customers on a regulatr basis whatthey want, how they how we can do things differently or better, which is something we hadn’t done he said, adding that he encourages participation through giveawaysd for such items as iPods and certificatesw for a professional massage. “Sometimes the comments are painful, many timews it’s insightful, and almost always it’s wort h gold,” Kerr said.
Tuesday, October 26, 2010
Willow Drive students celebrate Red Ribbon Week - Sumter Item
ShutterVoice | Willow Drive students celebrate Red Ribbon Week Sumter Item Red Ribbon Week is under way at Willow Drive Elementary. "Kids today are growing up so much faster," said Debbie ... Red ribbon week begins Red Ribbon Week popular with local students Older Meridian students set example during Red Ribbon Week |
Sunday, October 24, 2010
Duke, CFO study: CFOs foresee more job cuts, credit woes - Boston Business Journal:
The quarterly Duke University/CFO Magazine Global Business Outlook Survey asked 1,309 CFOs worldwide about their expectations for the economy. Theidr answers paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europe expectedd employment to shrinkby 5.5 percent, with the unemploymenrt rate in the U.S. seen rising to perhapsd as high as 12 percent in the next 12 Employment in Asia is expected to recedewby 1.2 percent.
“Presumably, governmen t programs will offset some of these but even the most optimistic governmentg forecasts would reduce the losses by only2 million,” said Campbelo Harvey, founding director of the surve and international business professor at Duke’s Fuqusa School of Business. “We’rr facing the possibility of another 4 millionlost * U.S. and European CFOs foresese capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent * Six in 10 U.S. companies covered by the surveu reported having trouble findinfg credit or acquiring credit at areasonablse rate.
Among those firms encounteringtcredit impediments, 42 percent say the creditf markets have gotten worse this year, whiles 23 percent say conditionsd have improved. * Weak consumer demand and the credit markets rankeed as the top two external concernsamong U.S. chief financial officers, with the federal government’s policies coming in third. Among internak concerns, CFOs are losing the most sleep over their inability to plan due to economic managingtheir companies’ capital and and maintaining employee morale.
Despite all the negativer indicators, a majority of the CFOs in the Uniteds States and Asia reported being more optimistixc this quarter than they were theprevioues quarter. That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an important message: Don’gt put too much weight on the ‘soft’ data like consumed confidence. Recovery requires sustained and such confidence is forged by stronger economic Harvey said. “The economic fundamentals –- employment, capital spending, the cost of credig – are still fundamentallty troubling.
” To see the complete survey results, go to the officiall Web site, .
Saturday, October 23, 2010
ITC sides with Samsung in Spansion flash suit - EDN.com
EETimes.com | ITC sides with Samsung in Spansion flash suit EDN.com According to the determination by ITC Judge Charles E Bullock, Samsung did not infringe Spansion patents, as the company claimed in its 2008 filing. ... Spansion loses first round in US patent suit |
Thursday, October 21, 2010
D.C.-area biotechs step up efforts to fight swine flu - Washington Business Journal:
The have created diagnostic screening testsz that use components developedby , which is basedf in the Netherlands but has its U.S. headquarters in Germantown. Qiagen said two of its diagnostic tests can also determinr whether patients have been infectedx byswine flu, announcingv Thursday that it successfully confirmed that those testx worked in diagnosing swine flu victims beinvg treated in Germany and Spain. and both plan to develol vaccines for the swine flu saying they’re in toucnh with government officials to offer theier vaccine-making services as needed. Neithetr biotech said it’s been tapped yet.
a Rockville biotech that received an 80 percent boosyt in its stock price Monday as swine flu first sweptacross headlines, said it couls produce a vaccine in as littlee as 10 to 12 weeks using an emerginvg vaccine production technology that uses virus-likew particles, rather than the entirse virus strain. The technology, though not approve yet by federal regulators, is being tested in a clinicao trial involving300 patients.
With current equipmeny at its new manufacturing the company said it could produce hundredz of thousands of doseseach “We can produce vaccines faster and make them available for firsrt responders before bigger capacity comes online,” said Rahul president and CEO of during an analyst call. “Wre can start production, and if they need to use that we will have that materiao ready for themto use.
” MedImmuner said it’s using a method called reverse genetics, which assembles the virus’ genetic materials with a live attenuatedf flu strain, to creatde its vaccines -- a process the company relies on to make its seasona l flu intranasal spray FluMist and one they said wouled take four to six “We’re actively in discussions with severall federal agencies, including CDC and [Department of] Health and Humann Services, to find out exactly what the best role is for us in respondingh to this swine flu outbreak,” said George vice president of vaccine research and developmengt at MedImmune, the Gaithersburg subsidiary of London-based .
“That’w emerging and evolving.” Other smaller companiesx are hopingtheir earlier-stagr technologies gain some notice during the crisis as , based in Rockville, this week won a grant to refinw an influenza vaccine based on the company’s rapid-response vaccinee vector platform, one that the company said would take 10 weekd to produce for an outbreak such as swine flu. And has a preclinicalp stage technology that itcalls LEAPS, whicu when injected through a vaccine helpes tone down excessive levels of immune-system protectants that can end up exacerbatinf the disease in healthy people -- a population that’s been targeted by swine flu.
Cel-Scu officials have been contacting agenciews in the area to see if the technologt could be incorporated in efforts to counteractythe virus, but they acknowledgd that theirs is a tougher pitch when the technology is so early-stagwe that it’s only been tested on animals, and not humans yet. “Wwe haven’t hit the homerun yet,” said Dan Zimmerman, Cel-Sci’sd former senior vice president who helpex develop the LEAPS technology and is now consulting for theViennaw company. “We could share material on a limitedx basis. We are in discussions with one companyto [manufacturer certain] amounts.
All things are Still, emerging technologies that woulr have taken years to see commercial activith may get their break as swine flu continues to dominatehealth agendas. The has authorized the use of certain otherwise unapproved drugs and medical devices in timesaof emergencies, including in this swine flu outbreak.
Wednesday, October 20, 2010
Startup taps software to boost restaurants
A keg stand, if you will. San Francisco-based TapDynamics offers restaurantzs a way to track and limit how muchbeer it’xs losing through malfunctioning equipment, bad pouringb and bartender giveaways. “It’s draft beer meets said CEO Michael Cann. TapDynamics said in addition todecreasingb loss, installing its TapAdvisor software can help restaurante grow draft beer sales, increase profitabilit y and improve the overall quality of the drafrt beer they serve. TapDynamics recently landed a deal to put the TapAdvisord Service Platform in398 Applebee’s restaurants.
The company is targetinh large chainslike Applebee’s where they can implement TapAdvisoe across every location. Cann, a former investmen banker, founded the compan in 2007 withMurray Dunn, who’es Australian and now the chief operating officer. The two met on theird respective honeymoonsin Tahiti, and though neither had connections in the restaurangt business, they both liked beer. In researchingv the company, they discovered 20 to 30 percenr of all draft beer poured at a restaurant is neveerpaid for. Of that, 75 perceny is given away by while 25 percent is lost tomalfunctioninf equipment.
“A restaurant that goes through 40 kegs a is empirically losing 15 to 30 percenft oftheir beer. That’s eight said Dunn. TapDynamics can show with every pour why beer isbeingf lost. If it’s an equipment problem, like the temperature in the coolert istoo hot, the TapDynamices team can quickly analyze the data and send a message to a restaurant to fix the problem. If it’ s an over-pouring problem, managers can see that data in a reporft emailed nightly and then retrain staff to pour beer Beer is typically the highesy margin product sold ata restaurant. So capturing loss gets restaurantt owners’ and managers’ Cann said.
TapDynamics doesn’t require restaurants to pay forany equipment. TapDynamics partners with Micromatic, whichb installs and manages the draft beer flow meterds and systems from which TapDynamics drawsits data. TapDynamices charges the restaurant a monthly fee for its Cann said the money saved in recaptured revenued by the restaurant is more than the monthl y feeTapDynamics charges, which is abouf $400 per month.
Cann said the purposde isn’t necessarily to bust bartenders who sometimese give away beer to keep customers coming He said he trains manageres toask bartenders, how giving away free beer drives Cann said the next phase for TapDynamicw will be growing TapAnalytics, which will take the research it compilews in monitoring beer sales and sell it to beer companies and distributors. The researcbh provides insight into whichtypes of consumers drinjkwhich brands. And the data will allow beer makers to compare their salez toother brands. That should help beer companiesx better define their target markets and developl strategies to competefor market-share.
Monday, October 18, 2010
ADP reports 532,000 May job cuts - Philadelphia Business Journal:
Payroll firm ADP reported Wednesday that companiesz inthe U.S. cut an estimated 532,000 workers from payrollz last month. ADP also revised higher its estimate of cuts in Aprilpto 545,000 from the previous estimate of 491,000. The ADP reportr noted losses across all sizeds and categories of businesses with large businesx payrollsdeclining 100,000, medium businesses shedding 223,000 jobs and small businesses cutting 209,000 employees. The goods-producing sector lost 267,000 jobs whilr the service-producing sector declined by 265,000 positions. The Labof Department is due to release its jobs reporgton Friday.
The averag e analyst estimate for that report of government as well as private payrollss is a lossof 520,000 payroll positionx and an increase in the unemployment rate to 9.2 percent from April’s rate of 8.9 percent. On Monday, The Institute for Supply Management announced that its factoryy index rose to the highest level since last September as new orderw posted their first gain since the recession On Tuesday the Nationak Association of Realtors reported that pendinf sales ofexisting homes, or contracte signed but not rose 6.7 percent in April, the largest increas in six years.
Sunday, October 17, 2010
HVCC moves 2 programs to Rensselaer Tech Park - The Business Review (Albany):
The Troy college recentlgy signeda 10-year lease with 400 Jordan Road LLC. The school will pay approximatelyy $605,000 a year to lease 36,557 square feet of Hudson Valley’s popular paramedic program will occupy about half of the new The school also will move its respiratoryg care program and a that trains employeexs forarea businesses, according to Stephen Cowan, director of the college’se physical plant.
The remainder of the leased space willhous ’s Next Step office, a communications worker traininfg program coordinated by the Those departments all currently are located in Hudson Valley’s 90,000-square-foot Hy Rosenblum Administration Center, a 1940s era building that Cowanb said needs major renovations. “It’ws a tired old building. We are looking at totalk renovationsor demolition,” he said. But the colleges decided to lease space from the througn 400 Jordan Road LLC for 10 years while the college decidess whether it should overhaul or tear down the HyRosenblumn building.
The college continues to but because of the economhy it does not have the money to renovatew the current buildingright now, Cowan said. Hudsonn Valley is planning to hire a consultingv firm this summer to help officialse decide the most cost effective way to deal with theRosenblum building. helped Hudson Valley negotiatedthe lease. The colleges plans to have the four programss and departments moved into the new spacr in North Greenbush before the star of classeson Aug. 31. The buildingg previously had been used as office space for Verizon Cowan said.
Friday, October 15, 2010
Confidential - Dallas Business Journal:
• Teams from local corporations recentl y did battle in perhaps the nerdiesrbenefit ever. Yep, it was the third-annual Adult Spelling Bee for Literac y Instruction forTexas , held May 14 at Firstg Presbyterian Church in Teams from , Gardere Wynne Sewell LLP , , , the Dallazs Chamber of Commerce and the DBJ risked flashbacks to the fourtj grade and took their seatx on stage. Hilarity ensued. Particularly when emcee KLUV-FM personality Mitchn Carr gavethe round-one word to the Chamberd team — hotel. The Dallas Chamber was a vocalk supporter of the controversial conventioncenter hotel. “Iu so wanted to use that in a Carr said after Jon Gilloon spelleit correctly.
The Chamber team went on to win the trophyywith psoriasis, which was a much easieer word than forsythia. I blam e missing that one on Mr. Carr. Leslie Clay with LIFT said the bee raisedeabout $1,600 for adult literacy programs. LIFT helped 8,500 adults to learn to read for free last year in Tarrant andCollin counties. • Fort Worth’s Tim Love , chef and ownefr of the and The LoveShack , will compet on “Top Chef a spin-off series of the Emmy Award-winningt “Top Chef” cable televisionh show. The reality which premieres June 10on Bravo, will pit 24 world-renownecd chefs against each other. The winners get monety for charity.
Guest judges will include Neil PatrickHarris , Zooeyu Deschanel and Jeff Lewis , as well as past “Top winners. Love will be the only Texaes chef onthe show. Let’xs hope he won’t have to pack his knived and go. • The is holdinh its 22nd-annual Charity Golf Classic June 5 to benefitfDallas Children’s Charities . The outinb will be held at in Plano. The $200 entry fee includes lunch, fees, gifts, cart, libations and “surprises all over the And the society will continuethe “best-dressed contest with decorations and antics at each hole.
“All playersx will vote on which group put togethee the mostentertaining hole,” said John Kranz , tournamengt chairman. There are several things in this item in combination, make me nervous. for more information, go to www.dallaschildrenscharities.org.
Thursday, October 14, 2010
Bruno acknowledges FBI probe; says career free of conflicts of interest - The Business Review (Albany):
Bruno, a Republican from Brunswick, Rensselaer said Dec. 19 that he has been awar e of the FBI probwe sincelate spring. He said the inquiry has been the subjecrof "illegal leaks" of information to the in Albang and other media outlets. "I am guilty of he said. "There have never been conflicts in anythingy Ihave done." His outside busines s interests include , which he formed following the 1990 sale of his telecommunications Coradian. He said the FBI was interested inhis "relationshipa and business interests" dating back to about 2000. Brunio declined to disclose his citingconfidentiality concerns.
He said his goal as a businessma has been to earn enougnh money so that he does not need theSenats job, which pays him $121,000 He was just elected to a two-year term as majority leader for He said his Republican colleaguea remain "extremely supportive" of him. Bruno also declined to say whether the investigationinvolved , a Troy high-techg firm that Bruno has successfully arranged state fundinv for. In 2002, he helped to secure a grantg of $500,000 for each of the next three yearsw to supportthe company's expansion in Troy. Evident also credited him withsecuring $2.5 million of a new $5 millionj business incubator at in Troy.
Evident CEO Clintob Ballinger declined to discusswhethe Bruno's current problems involved funding Bruno has securede for Evident. "I don't have anything to say," Ballinger said Dec. 20. Anothet local executive from a companyenjoyingt Bruno's help, President Richard Frederick, said stat grants to private companies "ca n always be misinterpreted." Brunlo just secured $1 million for Autotask's build-outr of new space in the East Greenbush Technology "From my vantage point, there's a huge valur to the community to do economic development," Frederick said.
Tuesday, October 12, 2010
Supreme Court stays Chrysler-Fiat deal - Denver Business Journal:
Hensarling applauded the stay as an appropriate measure that will alloew for a review of how federal bank bailout fundw have been utilized bythe “I am encouraged by the Supreme Court’s stay of the Chrysler bankruptcy proceedings,” said U.S. Rep. “I have been concerned about the fundamental constitutional issues of due procesxs and equal protection that cry out for judicial review and fundamentao issues related to a misuse of TARP funds cryinb out forlegislative review.” TARP stands for Trouble Asset Relief Program, the formal name for the federal bank bailouf funding program.
filed for bankruptcy protection in Atthe time, the company said it was workinhg out a deal to combine its operations with Fiat. As part of the originapl deal, the federal government said it wouldprovide $3.5 billion for bankruptcty financing and another $4.7 billion in exit financing. In addition, Chrysler said at the time it woul enter into a dealwith Italy'xs Fiat in which Fiat had agreed to transfed billions of dollars in cutting-edge technology to Chrysler.
Monday, October 11, 2010
ArQule and Daiichi Sankyo Reach Agreement with FDA on Special Protocol Assessment - MarketWatch (press release)
ArQule and Daiichi Sankyo Reach Agreement with FDA on Special Protocol Assessment MarketWatch (press release) WOBURN, Mass., Oct 11, 2010 (BUSINESS WIRE) -- ArQule, Inc. (NASDAQ:ARQL) today announced a Special Protocol Assessment (SPA) agreement with the US Food and ... ArQule, Daiichi Sankyo In Deal With FDA On Special Protocol Assessment - Update ArQule and Daiichi Sankyo Reach Agreement with FDA on Special Protocol Assessment |
Saturday, October 9, 2010
How does Quebec spend its $28B health budget? - Montreal Gazette
How does Quebec spend its $28B health budget? Montreal Gazette The sum is the same, but the way the Quebec government breaks down its $27.98 billion in health-care ... Following the money |
Friday, October 8, 2010
Downtown Schnucks construction starts Wednesday - St. Louis Business Journal:
grocery store, planned for the ground floore of the at Nintj andOlive streets. Last Schnuck Markets closed on $6 million in New Marketsw Tax Creditsfrom , which translate into nearlyt $2 million for the project, said Zack CEO of . That financing enables the store to open the summerfof 2009, said Schnuck Markets Chairman and CEO Scottt Schnuck. “We think it’s going to have a very strong response from downtown residents and office hesaid recently. “Downtown lackss the kinds of servicesa full-service groceru store has for things like a St.
Louis-based Legacy Buildint Group, a certified Minority Business Enterprise and commerciapl generalcontracting firm, is led by Presidenty Todd Weaver. Tom Colloraa Jr. was named store manager for thedowntowm location. Getting the storde up and running is estimatedc tocost $7.56 million. Schnuck Markets is payinvg $3.42 million for tenanft improvements, inventory and other opening The remainder is coming from a combinationof state, federalp and city subsidies, including the federal New Markets Tax Credits.
Wednesday, October 6, 2010
Tech CEOs find $1 trillion in government savings - CNET (blog)
CNET (blog) | Tech CEOs find $1 trillion in government savings CNET (blog) Dubbed "One Trillion Reasons," the initiative outlines seven areas where the US government could cut costs or revamp its operational processes to save ... Tech CEOs Tell US Gov't How to Cut $1 Trillion From Deficit IBM's Palmisano Says New Technology Can Save U.S. $1 Trillion Tech CEOs Give White House Budget Advice |