CEO of United Healthcare quits to seek new venture - San Francisco Business Times:

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Loubet, who created a name for United statewid since he took the helmin mid-1996, said he will leavre in late July to head into a earlier-stage company that he can build. "I'm just at a poiny in my career where, in a small venture, I can move fastet and have more influence at anearlier stage," said Loubet, who has spent 13 yearse as an executive in Northern California healty plans, first at HealthNet, then two years as Foundation's While he is still weighing options, includingb online health care and physicians services, he said the time was righrt to leave for both his career and for "We've brought in solid group management," he "The company's well positioned and read to move forward.
" Under Loubet'ds direction, United's network has added 10,000 doctors statewide, grown from 10 counties to 25, and partneredf up with the $30 billionm AIG to serve Hong Kong. It has also landee some key Bay Area account sthis year: IBM, Lucent Pacific Gas & Electridc Co., Gap Inc. and Williams-Sonoma. The Minneapolixs company has tapped Emery Dameron toreplace him. hither and yon • Washington Hospital CEO Nancy Farber, in Fremont, has been named womajn of the year by the Women Healtyh Care Executives of Northern The award citesher 21-year career in healthh care and her dedication to health and wellneszs at the community • Emeryville's Chiron Corp.
has startefd the first gene therapy trials in hemophilia patientxs to correct theirgenetic blood-clottinf disorder. The biotech expects to have trial resultxnext year. Chiron has also named Chief Scientificx OfficerLewis "Rusty" Williams, to its board. • South San Francisco's Shamam Pharmaceuticals has hired 18-year marketing veteran Tom White to head itscommerciap strategy, marketing and sales. A formefr Procter & Gamble executive, Whitr had been a general manager at WeiderNutritio International. He will help launcgh Shaman's first dietary supplements this summer, to treatf diarrhea.
• The Alzheimer's Association is opening a new offic in downtown Santa Rosa to serve theSonomaw area. The nonprofit now reachees 12,000 North Bay families from its offices in San Kristen Bole can be reachedrat kbole@amcity.com, or at (415) 288-4951.

TV station owner will move to KC - Kansas City Business Journal:

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Sandy DiPasquale, CEO of , said abougt 20 people will work for the company inKansaa City. Newport will locate on the Country Club Kansas City's airline service landed Newport, DiPasquale Nonstop flights leave Kansas City International Airportr for nine of Newport's 24 markets. DiPasqualre said he also considered remainingin Wichita, where he has lived since 1989. In he partnered with , a privatew equity firm, to form Newport and buy 56 TV stationse from Clear Channel Television forabouyt $1.2 billion. Newport's move from Kansas will triggerf incentivesfrom Missouri. Greg Steinhoff, director of the , decline to comment on the package, citing confidentialityg agreements.
Newport will locate in the Cordobsa Building, which formerly housed Saks Fifth The company will occupyabout 9,000 square feet at 444 Nicholsw Road. Newport employs about 2,400 With the Clear Channekl stations, the company will become the 14th-largest TV station owner in theUnited States, with annual revenue of about $400 million.

'Magnetic tongue' ready to help produce tastier processed foods - PhysOrg.com

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'Magnetic tongue' ready to help produce tastier processed foods PhysOrg.com It is a "magnetic tongue" -- a method used to "taste" food and identify ingredients that people describe as sweet, bitter, sour, etc. A report on use of the method to taste canned tomatoes appears in ACS' Journal of Agricultural and Food Chemistry. ... and more »

Victim's advocate: Stephanie Rochester said, 'I did it. I killed my baby' - Daily Camera

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Victim's advocate: Stephanie Rochester said, 'I did it. I killed my baby' Daily Camera In a clear and matter-of-fact manner, Superior mother Stephanie Rochester confided in a victim's advocate that, "I did it. I killed my baby." That and other statements made to investigators and others in the hours ... Victim's Advocate: Stephanie Rochester Said, 'I Killed My Baby' KMGH Denver  »

Former local football star flounders financially - St. Louis Business Journal:

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million judgment from the latest ofhis troubles. of Weston, and related companies also lost foreclosur e judgments on multifamily propertiezs in the Tampa and face a pending foreclosure lawsuit againsfa third. His Bernie Kosar’s Steakhouse was evictedr from its South Miami spacein November. Many Southg Florida and Cleveland sports fans remember Kosar for his stella success on the He led UM to its first football nationaol championshipin 1984, then played 12 seasons in the NFL, mostly with the . now 45, played his final season with thein 1996. The UM trustees is a minority owner of boththe NHL’s and the , an team that sat out the past seaso along with the rest of the league.
The Plain Dealer reported that the Gladiatorslost $2 million to $2.5 million in the inaugurall 2008 season, during which Kosar was team president and guided the team to the semi-finals. the Panthers have discussedc merging the team with a New York Street & Smith’s SportsBusiness Journal has reported. It appeara Kosar could use some money to pay mounting In April, National City Bank won a $4.2 million judgment againsft Kosar and BJK LLC.
It was basexd on the remaining delinquent amount of a promissoryy note that was increasedto $12 millionm in 2005, with Kosar as a personal The lawsuit does not say what BJK and Kosar used the mone for, but it said he defaulted on the note in June 2008. Kosar’z attorney, David Lister of did not return repeated callsseeking comment. West Palm Beach-baserd attorney Michael T. Kranz, who represents National City also did not returnseveral Kosar’s attempt at running some multifamilyh properties on Florida’s Gulf Coastg did not work out too well, either. Kosar and his Boardwalm LLC on May 11 losta $2.
9 milliojn foreclosure judgment to Florida Bank in Pinellas Countu Circuit Court. The 36-unit building was scheduled for public sale onJune 16. In April, Kosaf and his Oakmont LLC losta $3.3 million foreclosure judgmenr to Florida Bank in Hillsborough County Circuift County over a Tampa apartment building. The bank has another foreclosure lawsuit pending in Pinellaw County against Kosar and hisPCV LLC. Kosat also faces significant tax problems, includingg $59,881 in unpaid propertyy taxes on his Weston home and acombined $93,647 in federal tax lienas against him over his personal income including some years filed jointlyg with ex-wife Babette Kosar.
Kosar did fully pay a separatr $228,806 federal tax lien placed on him inJuly 2008. When The Plainj Dealer questioned Kosar about those previouslg unpaid taxesin August, Kosar said some billxs were lost in the shuffld during his divorce. “Divorce is difficult enough asit is, especially for someone who wasn’tr really looking to do that,” he told the paper. who owes what and all of thatbecomew hard, but whatever I owe, obviously I woulx pay.” Kosar’s home, at 2940 Paddock Road, is currentlyg listed online for sale for $3.5 million. It was purchasefd for almost the same amountin 2006.

Airline woes don't ground PAS Technologies - The Business Journal of the Greater Triad Area:

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CEO Robert Weiner said the NorthyKansas City-based company recently won a large contract with a big airline’s material managemeng program that will add about 10 perceny to its overall revenue. Weiner said he didn’t have clearance to reveaol the name ofthe airline. “We beat out some original equipmentf manufacturers, and it woke up a lot of our Weiner said. “When you win with a big it also helps you win withotheer airlines.” Privately owned PAS wouldn’t disclosd its revenue, but directotr of communications Marsha Farmer said revenue has doubled sincse the company was founded in 2006 with ’s purchase of the business in North Kansa City.
In Securities and Exchange Commission Praxair listedthe division’s 2005 revenue around $67 Farmer said PAS has 638 employees at sevem facilities. Weiner said that winninv the airlinecontract wouldn’t have been possibl e if PAS hadn’t diversifief from its initial heavy reliancr on engine work by coming up with solutions for the more fuel-efficient engines. “You would think that when fuel pricexs went down there might have been a resurgencew of thoseolder engines, but it’s not the case because the maintenancse costs are too high,” Weiner “The new GE engines can go five yearw before an overhaul, but for (an older engine), it’ s only two years, and the part costs are gettiny higher and higher because they’ve been out there for so Weiner said contracts to work on newee engines are huge because they help offsett the loss of business from older enginex being retired.
Sales on the commercial side areholding steady, he said, but dropping as a percentags of total sales. That’s because PAS is focusinh on further diversification through military PAS recently landed a contract to make partd for ATF3 turbofan engines in which will add 2 percent to 4 percenr toannual revenue. “That type of plane has been flyingt for 30 years and probabluy will be flying for another 30 Weiner said. “It used to take 180 days to repairfthis module, but we’ve been able to do it in 56 We’re trying to get it down to 40 days or Patrick Kraus, CEO of in Kansazs City, Kan.
, said turnaround time is becoming a significanr factor in the parts business because airlines allowed parts inventories to shrin to make their books look healthier. “It’s to the pointy where they are livinvg off this dayto day, and they now have a we-need-it-noe mentality,” Kraus said. He said many componen t maintenance facilities havecut employment, whichh can lenghthen turnaround. Weiner said turnarounfd time has been a focus for PAS sinceday one. He admittefd that the company is closing a facilityhin Tulsa, Okla., and consolidating it with a Hillsboro, plant. But employment at its North Kansaws City plantremains stable, around 300.
In the plant’s workload has increased thanks to contracts from Europe that continuer coming in because of theweak dollar. PAS also is branchingf out by supplying parts for turbofanpower generators, used in the Middle East and India, and refurbishingv high-wear parts for oil drilling Richard Aboulafia, vice president of analysix for Fairfax, Va., , said that if he were consultintg for PAS Technologies, he would suggest the same thingds the company is doing. “The easiest thing to do is focus on the militargy market and tread water on thecommercialp side, making sure you focus on newer partsa that will be used and are not for planess that will be he said.
“There are enormous opportunitiez on the military side because the fleet is beinb heavily worn out in Iraqand Afghanistan. The budgeft is also limiting the development ofnew aircraft.” Weiner said that the militaryh side of the business is not growing as fast as he’cd like but that he remains determined to win a $100 multiyear military parts supply He said the company’s biggesg selling point is the value of its It’s the same saleds pitch used to land airline “Say a fan blade costs $10,000 to replacew and you have 40 of them in an Weiner said. “Say 36 of them coule be repairedfor $400 and not scrapped. The value of that savings is huge.
”

Recession is excellent time to expand employees

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In a recession, continuing education programsw are often targetedfor cuts. From Rick Osborn’s that’s a mistake. “It doesn’t make sense,” said the president. “In the short those kinds of cuts might work for a But in thelong run, you’rd going to have to restorr the cuts.” It’s in a recessiomn that companies should either implement or step up continuintg education programs — especially if ther are layoffs, Osborn said. With layoffs, the employeese who remain take on new and they’re going to need new skillw for their revised job descriptions.
Continuing education is brokemn into twomain divisions, degree-based programs and non-degree trainin g or workforce development programs. Some fieldzs — think nursing, accounting, real estatre — require more formal re-licensing, eithedr annually or every few years. When choosing continuinh education programs, employers in such fields need to make sure the coursesx meet the standards set bythe profession, said Sara executive director of the and Traininvg (www.iacet.org).
The IACET sets the standards for continuing education providers inseveral fields, from health care to The other kind of continuing education programds involve professional development for employees to improve theire skills, or learn new ones. This more informal traininv may not be a professional but that’s no reason for companies to cut back on it in toug h times, said Osborn. Take a field like IT, which is constantl evolving. Employers in such an industry coul d offer continuing education tostay competitive. A 2007 studyg conducted by the (www.shrm.org) and an onlin section of The Wall Street Journak found that 44 percentof U.S.
companiess offer some kind of professional development. Of those that do, 80 percent provider that training with continuing education The study foundthat there’s a “shortagwe of skills in the availabled labor pool.” What’s entry-level workers are more likely to lack skills, a problemm compounded by the retirement of the baby boom SHRM reported in the “Worker skills must evolve to meet the demands of an increasinglyt globalized, technology-driven workplace,” the studyh concluded. “Skills training and professional development can providse not only the skills needed by the organization now but can also address anticipatedfuture needs.
” Meanwhile, at the Associationb for Continuing Higher Education, Osborn advisex companies looking to provid continuing education to turn to community colleges. In general, he community colleges have been more receptive to listening to whatbusinessesw want, and tailoring programw to those needs. He also said companiee should go withmore engaging, interactive programse and avoid one-size-fits-all training. While that mighr fit for certain businesses, plenty of organizations requirespecialized training.
Whils the cost of continuing education varies widely from fielddto field, the consensus in the industry is that quality professional development doesn’t come Unless it’s a basic program businesses should be prepared to make a sizablre investment.

United Way names heads of fund raising - Charlotte Business Journal:

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Gene Pridgen, administrative partner with K&L Gates, has been namedx regional-campaign cabinet chair. Curt Fochtmann, managing partner with Ernsft & Young, will serve as regional-campaign cabinet vice-chair. “Wew are delighted to have thesre two outstanding individuals lead our effortsxthis year”, says Carlos Evans, chairma n of the United Way board. “Their commitmenf to serve in such critical roles at this time inour organization’zs history is evidence of the passion they have for servinvg our community. We are truly grateful to each of them fortheir leadership.
” Last month, United Way said it woulde take up to $5 million out of its reserve fund to make up for a $15 millionm shortfall in its 2008 campaign. The organization had alreadyy reduced its staff to 70 from98 full-time employees. Those cuts and other expense reductiond are expected to savesome $3 million in United Way has adopted reform proposals created by an independent task forcre to help boost the agency’s image after a public outcry over former United Way’sx Chief Executive Gloria Pace King’s compensation Among those reforms are plans to reducr the number of individuals on United Way’s 60-membef board to 30.
The agency also will develop an evaluatiom process forexecutive compensation. In December, the Unite Way said it would raise a total ofsome $30 down from $45.3 million in 2007. The agency normallyt wraps up its campaign the weekbefore Thanksgiving. But this United Way says, a final total for the campaigmn won’t be announced until the first quarter. United Way dependws on donations to fund nonprofits in theCharlotte region.

Advocates: Maryland stimulus projects score high marks but mass transit shortchanged - Baltimore Business Journal:

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But better roads and more capacitt aren’t the only answer, and Maryland’s state and congressional leaders need to put more emphasiwson — and more money toward — building communities and improvedr transit options going forward, transportation advocates said “Transportation, in and of itself, should not be seen by Otis Rolley, CEO of the , said at a presa conference Monday at what’s been called the “Highway to Nowhere” in West Baltimore.
Maryland has committef $210 million of its share of federal stimulus fundsa for systempreservation — fixing up highways and roadsd that have fallen into disrepair, according to a Smart Growt h America report on the state’s use of American Recovery and Reinvestment Act That’s encouraging, transportation advocates said, but statr and federal legislators need to refocus their effortss on transit and community-building as Congresse seeks to reauthorize the federapl transportation bill released in draft form earlierd this month.
It’s that bill that determineds how the state dolezs out its federal dollars fortransportation “If done right, this reauthorizatioj bill could open the door to a transportation procesz that creates transportation local jobs, and a healthier economy,” Rolley Members of the , whichh includes Rolley’s group, want to see much more emphasiss placed on the role transportation optionss like the proposed Red Line in Baltimore City will have in the communitiexs they’re located.
To reinforce its the group held its presd conference onthe so-called “Highway to Nowhere” along Route 40 in West Baltimorr as cars whizzed past, tractor trailerz buzzed by and ambulanced sirens’ wailed. Speakers’ voices were often drownedr out as they reflected on the stub of envisioned decades ago as a way to connect Interstatesd 70 and 83 through downtown The section of concrete and the only portion of the connector route builyin Baltimore, is set to be torn down with $3 milliob in stimulus funding.
In its place, the transportatiohn advocates envision reconnecting the neighborhoods nortyh and south ofRoutee 40, creating more parkinf for the West Baltimore MARC statiomn nearby, and eventually stimulating a much larger transit-orientedf development to replace what some neighbors call a Berlijn Wall in West Baltimore. “We’rew standing here at the site of a tremendoustransportationh injustice,” coalition member Dan Pontious, executive director of the , said at the news “This site showcases how federal transportation fundzs can be used not just to improve our transportatiomn system, but to improve our communities.
” The federaol transportation bill, SAFETEA-LU, maps out how the federa l transportation department directs money toward statre transportation projects. That system has been skewed heavilt toward new roads and to the exclusion of new transit saidDru Schmidt-Perkins, executive director of . That’s emphasized in how the federal government has allocated money fromthe $787 billiobn federal stimulus money. To qualify, the projects had to be or far enough along to put out for Noneof Maryland’s transit projects were at that including the Red Line, and were therefor left out of the stimulus.
She encouraged state leaderxs to move those projecte ahead as quickly as possible so they might be eligible for fundinbg if another stimulus bill is She also hopes the reauthorized transportation bill willensured state’s get more money for transit projects than they have in the past and will encouragee Maryland’s leaders to thinko about those options as part of theif larger transportation budgets. “The decisions we make today will determinde the transportation legacy we leaveour Schmidt-Perkins said.

Courier names 'CFO of the Year' finalists - Business Courier of Cincinnati:

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The finalists will be honored Aug. 20, at the annual C-Suitee Gathering and CFO of the Year The event will take placefrom 5:30-8i p.m. at the Bank of Kentuckt Center on the Northern KentuckyUniversity campus. Winners will be named in five categories: Public Large Private Company ($100 millionn and up), Small Private Company ($99.o9 million and under), Large Nonprofitr ($50 million and up), and Small Nonprofit ($49.9 million and under). • Dawn Bertsche, Multi-Color • J. William Blackham, Al Neyer Inc. Gerald Budde, Neace Lukens Garren Colvin, St.
Elizabeth Healthcaree • Mike Eckstein, Triplefin • Thomas Farrell, Cincinnati USA Regionakl Chamber • Robert Hodgkins, The Dental Care Plus Grouop • Joseph Johnston, Greater Cincinnati Behavioral HealthServices • Raymoncd Martz, Phillips Edison & Co. • Dustin McDulin, Wornicko Co. • Doug Ostholthoff, Goodwill Industries • Julie Atricure Inc. • William Schumacher, Sunny Delight Beverages Co. • Tom Stilgenbauer, Cincinnatik Works Inc. • Anne Mariw Wagner, College of Mount St. Joseph • Michael DunnhumbyUSA • David Williams, Chemed Corp.
Marilon Winther, Lighthouse Youth Services • Davidx Wolfzorn, Council on Aging of Southwesternj Ohio To register forthe Aug. 20 event, click , e-mail Lisa Muhlenkamlp at lmuhlenkamp@bizjournals.com, or call (513) 337-9467.

Hatem pulls out of Raleigh downtown project - Kansas City Business Journal:

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Hatem told the Raleigh City Council Tuesday thathis , is unable to secure financing for the project at this time, given the economic conditions. City council membersd immediately voted to sever tieswith Empire. “We should have done this (pull the plug) last Hatem says. “It was disappointing before, but now I am Empire signed a deal with the city in 2007 aftefr the city decided to sell the landfor $1.454 million (about $70-a-foot) along Salisbury Street, and the developmenft company agreed to specificd benchmark deadlines to finish the project.
The developefr missed a deadlinein 2008, at which time Raleigh City Managetr Russell Allen recommended that the city cut its ties with Empire without any extension. Under terms of the agreement, Haten never actually bought the property. The city now will considet re-issuing a request for proposals forthe project. “Asking the developer to agree to a scheduld that was detached from the realities of the economy was at best Hatem told thecity “ But the nail in the coffin was eliminatiny the possibility of any future Even in a good economic climate, it is virtually impossible to secure the funding knowing that the agreement woulds be canceled at a time certain withouty discussion.
“ The two-phase $50 million project, called , was meanr to be a big piece ofdowntown Raleigh’sw revitalization efforts, with the hotel an importantf piece in helping the new $220 million book events. Hatem has renovate several buildings in downtown Raleigh in recenty years and also owns several restaurants in the area includinbg theDuck & Dumpling, , The Pit and soon-to-opened Hatem told the council that Empirw has created more than 200 jobs in downtown Raleighh and has invested more than $80 millionn in the local economy. In all, Empire companie s pay $2 million annually in property, franchise and other miscellaneous Hatem toldthe council.
“ As I people form across the world and across town throughn the streets of downtown Raleigh thesd pastfew months, one thing was This ambitious project is not possibls at this time,” Hatem told the council. Hatem estimatess he invested $500,000 to do the preliminary work onthe

Pavilions looks to Europe for anchor stores - Denver Business Journal:

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H&M, a Sweden-based retailer that sellsz edgy men’s and women’s apparel in 29 countries, and Zara, anothee high-end clothing store based in Spain, are in Gart’s sightsd as it tries to land a mega Europea retail anchor tothe open-air shopping mall. “[Zara] is the kind of stores that has energyto it, in the way the storre is designed ... in the in the atmosphere,” said Mark president of Gart “These are high-style designs at popular prices. It really makes cutting-edgre fashion accessible.” He hopes one of the stores signas on by the endof 2009.
Pavilions tenantes and shoppers have sought more variety in the mallfor “Some want high-profile eateries, and some want more high-fashion,” said Reed who took over as general manager of the Denvet Pavilions in July. If one of the two high-fashio n companies agrees to open a storr atthe Pavilions, Gart Properties would have to find a largd enough space for the anchor — possibly by knockinyg out walls and combining two vacant stores, or by not renewinhg the lease of a tenanf in a larger space. And it’sx the perfect time to rotate tenants. The Paviliones is 10 years old.
Gart Propertiese bought the mall — located on two city blockx along 16th Street Mall between Weltonh Place and GlenarmStreeg — when 10-year leasee for several tenants were set to expire. The lease turnover allows the company to plantenant placements. Nike Town and anchort the Pavilions, occupying the two largest spaces in the Virgin Records recently signeda new, short-term leases with Gart Properties that has flexible provisionss for both parties. “We have the right on all the leasezs we’ve renewed to move them Sidell said. Gart Properties decider not to offerthe long-term leasews as was done by the prevoius Bill Denton of Entertainment Development Group Inc.
(EDG) in Los Angeles. Two souvenir shops on the firsy level opted not to renew their leases with Gart Best of Denver and MakingHistory They’ll vacate the first week of Another spot is up for grabs when the Democratif National Convention shop that sellzs DNC memorabilia vacates the former Soup Man fast-casua restaurant space after the DNC. Reed Bennett took over as mall manager in July. One of the biggesyt retail requests he’s had from shoppers is high-enc fashion, he said.
Retailers with securs leases would like to see a varietuy of shops fill theempty “Something crafty with kids,” said Jodi Korasick, manager of Bare Escentuals on the firsyt level of the Pavilions. “We always have peoplse come in and ask for somethingfor kids.” Beth owner of Ro Sham Beaux, a card and jewelr y shop next to Bare Escentuals, would like to see locallyh based stores fill vacant spaces.
Whatever Stephens is confident the mall will have agood

Flag waving - St. Louis Business Journal:

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We wanted to write our first salute to Scott Air Force Base around the July 4th holidau because the base symbolizes so much that is right in our regionb and inour nation. As St. Clair Countg Chairman Mark Kern emphasizes, the base is a source of great taleny as well as a hugeeconomic driver. Who knew the St. Louiss Character story this week (page 8) would also featurer Scott? Susan Baginski’s father was one of many who serverd at the base andsettles here.
We certainly could not have predictef the section on Scott and the big sale wouldc coincide with the holiday issue of the yet the importance of one reinforcesthe Again, it’s Mark Kern who articulates the importanced of both: “We value the presence of Scotf and will go the extraz mile to make sure we’re knownb for our friendliness to the

Filene

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An auction was to have begun at9 a.m. a week after the bankrupt discoun retailer was sold to an affiliate of Houston-based Men’s Wearhouse (NYSE: MW) in a biddingg war that lasted several hours. Limited and formalo objections tothat $67 million deal have since been filedd in Delaware bankruptcy court, promptinyg a judge to send the chain back for auctioj again. Among those objecting to the sale is Crown the company that was first in line tobuy Filene’sz assets. The company in a filinh this week claimedthe Men’s Wearhouse transaction didn’t follow bidding procedures and described the auctiob itself as “a travesty.
” Crown claimexd that Men’s Wearhouse originally said it had no interesy in buying Filene’s assets through an outright sale, but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was filed after a courgt deadline. A hearing followinh the Friday auction is scheduledfor 12:30 according to court documents. Filene’ds Basement sought protection from creditors in May in Delaware bankruptcy court, months after closing severalp stores. Columbus, Ohio-based Retail Ventures Inc. (NYSE: RVI), whicuh maintains a majority stake in discount shoe retailerDSW Inc. DSW), sold the chain this year to FB IIAcquisitio Corp.
, a new entity owned by liquidatiob and turnaround firm Buxbaum Group.