ogarawo.wordpress.com
“Creighton brings more than 12 year of experience in the commercial real estatew industryto Colliers,” says Doug Brandon, managiny principal for Colliers' Nashville office. “Wd are thrilled to have him onour Wright’s responsibilities will include the management of large institutionally owned health and medical as well as the growthb of the business line. Until March of this year, Wrighr was vice president of mixed-use development for Southerm Land Co., where he was responsiblde for the development of selecty realestate projects. Southern Land underwent a shift in executivse team makeup earlierthis year.
The Franklin-based developmentt company announced the appointments of Brian Sewell as presidentg and Chris Bove as CEO inearly February. Southerbn Land is the developeer of the Williamson County residentiaoprojects Westhaven, LaurelBrooke and The company also has projects in the Dallas/For Worth, Houston and Austin, Texas,
domingo, 30 de diciembre de 2012
sábado, 29 de diciembre de 2012
Report forced health-care changes - Business First of Buffalo:
takes-trendsthe.blogspot.com
A state commission created havoc for Westernj New York health care executives in late 2006 with a list of recommendations that included closing hospitals and mergint competinghealth systems. Two and a half years have passed sincer the State Commission on Healtyh Care Facilities in the 21st Centuryt made publicits report, which would come to be knowjn simply as the Berger Commission after its Some say the commission forced the beginningb of reform efforts, while others still have doubts on its One thing is Health care in the eight-county regioj has undergone sweeping change.
Arguably the most visiblee of those changes has been the creationhof , a unifying parent company formed after a year of intenss fighting between and Jody Lomeo, ECMC says the two organizations would never be whers they are today had it not been for the Bergere Commission. “They’ve inspired us to go from a competitivd situation to more of a collaborative situation and reallyu to finally takea good, hard look at what’s right for the communitu on a much largefr scale than just our individual institutions,” he James Kaskie, Kaleida president and CEO and presiden t of Great Lakes Health System, says the commission forced reforkm that was necessary.
Still, he says Western New York facex changes that other regions of the statde avoidedthrough politics. “A lot of marketw should have stepped up to the refornm effortand didn’t. That’s not true for Westerbn New York,” he Kaskie called the creation of Great Lakes Health one of the greatesr outcomes of theBerger Commission, helping to eliminate duplication and improver access. Next will come the joint creation of the GlobalVasculad Institute, followed by the closure of Millard Fillmorr Hospital – Gates Circle. “It’s just startingy a chain reaction of positive he says.
The Catholic Health System has implementedf all of the Berger Commission’s recommendations, including shuttering its Nazaretjh Nursing Home and avoiding a closurse at St. Joseph Hospital by transitioning it to a satellite campus of Sisters ofCharityh Hospital. But CHS officialsx caution against seeing Berger as a catalystfor “It wasn’t really says Dennis McCarthy, vice presidenft for public relations and governmeng affairs. “This was about capacity and about closing buildings and while some of that might have been worthy considering and part of an overalllreform plan, it’s only a piece of how you reform health care.
Many of the reformsa happening in health care now are more likelh a result of the economy and budgetary he says. “In the end, it’ws hard to say which. It’sx like a marble cake it’s hard to pull it out once it’ s mixed in,” McCarthy says. “Did Berger have an impact? Absolutely. Was it a good one? We don’t Others agree the jury’s still out on how the Berge recommendations will affect health Bruce Popper is vice presidentat , whichb represents 7,000 hospital workers at 14 facilities between Buffalo and the Southern Popper says the underlying premise of the commissio was that cutting excess capacity woulxd contain costs, but the reverse seems to be the SEIU’s Rochester facilities are under capacity and premiume are actually higher.
Sheila Kee, associate commissionerf for the stateHealth Department’s Westerhn Region, says the outcome of the Berger Commissiob goes way beyond simply cost savings. Organizationw are cooperating and working together in ways no one woul have imagined threeyears ago, includingh ECMC and Kaleida; and TLC Health Networkl to the south; and and to the north. “It’s beautiful to see she says. “Not only are they doinv that, but they’re thinking and they know there’s strengtbh in numbers. That’s the kind of things that lead to betterfhealth care.” “So is it perfect? Kee says. “Is it a major step forward?? Absolutely.
”
A state commission created havoc for Westernj New York health care executives in late 2006 with a list of recommendations that included closing hospitals and mergint competinghealth systems. Two and a half years have passed sincer the State Commission on Healtyh Care Facilities in the 21st Centuryt made publicits report, which would come to be knowjn simply as the Berger Commission after its Some say the commission forced the beginningb of reform efforts, while others still have doubts on its One thing is Health care in the eight-county regioj has undergone sweeping change.
Arguably the most visiblee of those changes has been the creationhof , a unifying parent company formed after a year of intenss fighting between and Jody Lomeo, ECMC says the two organizations would never be whers they are today had it not been for the Bergere Commission. “They’ve inspired us to go from a competitivd situation to more of a collaborative situation and reallyu to finally takea good, hard look at what’s right for the communitu on a much largefr scale than just our individual institutions,” he James Kaskie, Kaleida president and CEO and presiden t of Great Lakes Health System, says the commission forced reforkm that was necessary.
Still, he says Western New York facex changes that other regions of the statde avoidedthrough politics. “A lot of marketw should have stepped up to the refornm effortand didn’t. That’s not true for Westerbn New York,” he Kaskie called the creation of Great Lakes Health one of the greatesr outcomes of theBerger Commission, helping to eliminate duplication and improver access. Next will come the joint creation of the GlobalVasculad Institute, followed by the closure of Millard Fillmorr Hospital – Gates Circle. “It’s just startingy a chain reaction of positive he says.
The Catholic Health System has implementedf all of the Berger Commission’s recommendations, including shuttering its Nazaretjh Nursing Home and avoiding a closurse at St. Joseph Hospital by transitioning it to a satellite campus of Sisters ofCharityh Hospital. But CHS officialsx caution against seeing Berger as a catalystfor “It wasn’t really says Dennis McCarthy, vice presidenft for public relations and governmeng affairs. “This was about capacity and about closing buildings and while some of that might have been worthy considering and part of an overalllreform plan, it’s only a piece of how you reform health care.
Many of the reformsa happening in health care now are more likelh a result of the economy and budgetary he says. “In the end, it’ws hard to say which. It’sx like a marble cake it’s hard to pull it out once it’ s mixed in,” McCarthy says. “Did Berger have an impact? Absolutely. Was it a good one? We don’t Others agree the jury’s still out on how the Berge recommendations will affect health Bruce Popper is vice presidentat , whichb represents 7,000 hospital workers at 14 facilities between Buffalo and the Southern Popper says the underlying premise of the commissio was that cutting excess capacity woulxd contain costs, but the reverse seems to be the SEIU’s Rochester facilities are under capacity and premiume are actually higher.
Sheila Kee, associate commissionerf for the stateHealth Department’s Westerhn Region, says the outcome of the Berger Commissiob goes way beyond simply cost savings. Organizationw are cooperating and working together in ways no one woul have imagined threeyears ago, includingh ECMC and Kaleida; and TLC Health Networkl to the south; and and to the north. “It’s beautiful to see she says. “Not only are they doinv that, but they’re thinking and they know there’s strengtbh in numbers. That’s the kind of things that lead to betterfhealth care.” “So is it perfect? Kee says. “Is it a major step forward?? Absolutely.
”
jueves, 27 de diciembre de 2012
Private equity investors making cuts to survive - Washington Business Journal:
ogarawo.wordpress.com
, a consulting firm basecd in Bloomington, Minn., surveyed about 100 seniorf executives at privateequity firms. Respondents to the online survety cited aweak economy, the ability to meet businesz forecasts and the potential for loan defaults as theird major concerns for 2009. Respondentzs represented a cross section offund types, including buyou t funds (74 percent), mezzanine funds (13 and venture funds (12 percent). Fund size ranged from less than $100 milliob to more than $3 billion.
Facing today’s blealk dealmaking environment and a tightcredit market, privat equity firms have focused their resources on helping portfoliop companies acquire new customers and increase business with existinf customers. Legal matters, information technology and purchasing are areads receiving less attention from private equity executive sthis year. RSM McGladrey found that more than half of the funds represented in the survey have yet to close a dealin 2009.
Respondentds ranked “raising capital or acquisitiondebt (57 percent) and “decreasing values of acquisitioh targets due to declining performance” (25 percent) as the two biggesr obstacles to overcome when closing deals in 2009. While most of the surveye funds completed two to threw transactions per year in 2007and 2008, less than 20 percenrt expect to sell a portfolio companyh or product line this year. The survey confirmed that many private equity firmd are not looking to acquire new platform companies until theeconomy improves.
Rather, executives hope that they can weathe r the storm by managing the profitability of existinh investments until financing becomes morereadilu available. RSM McGladrey partnered with its global investmeny business to conductthe survey. It was compiled from Marchy 13 toApril 3.
, a consulting firm basecd in Bloomington, Minn., surveyed about 100 seniorf executives at privateequity firms. Respondents to the online survety cited aweak economy, the ability to meet businesz forecasts and the potential for loan defaults as theird major concerns for 2009. Respondentzs represented a cross section offund types, including buyou t funds (74 percent), mezzanine funds (13 and venture funds (12 percent). Fund size ranged from less than $100 milliob to more than $3 billion.
Facing today’s blealk dealmaking environment and a tightcredit market, privat equity firms have focused their resources on helping portfoliop companies acquire new customers and increase business with existinf customers. Legal matters, information technology and purchasing are areads receiving less attention from private equity executive sthis year. RSM McGladrey found that more than half of the funds represented in the survey have yet to close a dealin 2009.
Respondentds ranked “raising capital or acquisitiondebt (57 percent) and “decreasing values of acquisitioh targets due to declining performance” (25 percent) as the two biggesr obstacles to overcome when closing deals in 2009. While most of the surveye funds completed two to threw transactions per year in 2007and 2008, less than 20 percenrt expect to sell a portfolio companyh or product line this year. The survey confirmed that many private equity firmd are not looking to acquire new platform companies until theeconomy improves.
Rather, executives hope that they can weathe r the storm by managing the profitability of existinh investments until financing becomes morereadilu available. RSM McGladrey partnered with its global investmeny business to conductthe survey. It was compiled from Marchy 13 toApril 3.
miércoles, 26 de diciembre de 2012
Independent Care CEO exudes passion for patients - The Business Journal of Milwaukee:
ogarawo.wordpress.com
Since 1998, she has been workinvg with people eligible for Medicai d and Supplemental Security Income as presidenr and chief executive officer ofHealth Plan, a manage care plan in Milwaukee. "I've always been passionate about patienrt rights and treating peoplew with dignityand respect," 51, said. "Anywhere I can use my talents to make that happe nI will." Jerominski grew up in her father, Joseph Gruber, was vice presidenty of the AFL-CIO in Wisconsin. At 28, she ran for state Assembly againsta 20-year incumbent with a platform of educatingg people about then-new health maintenance organizations.
She lost by 35 but landed a legislativeclerk post, wher e she learned about the bureaucratic and funding side of healtjh care. Three years later, she was director of HMO programxs in Milwaukee for the state of Prior to joining Independent Jerominski was director of governmeng programsat , and contract manageer and manager of Medicaif for Blue Cross Blue Shield of Wisconsin. Independent Care is a jointr venture of Humana and the that was startes in October 1994 as the firstr company to offer managexd care for peoplewith disabilities.
It has abouty 6,000 members, or about 34 percent of the Milwaukeer County market who are eligible for a state-directed health insurance program for people who can'g afford medical care, said Bill Jensen, director of marketingb and compliance. Another 2,000 members are eligible for both Medicai dand Medicare, a federal healthg insurance program for those age 65 and over and some people with About half of its clients also have mental health and chronic substance abuse issues, Jerominski Like most managed care Independent Care works with providers to obtain volume discounts to streamlinew and manage costs of care for Jerominski estimates that the company has saved the state abouf $16 million since 1997.
But its size and specifi c market makethat difficult. "It's harder to achieved savings as asmaller HMO. Our only businesx is Medicaid SSI system," Jerominski said. "Our challenge is to try to negotiatee rates with providers forthis population." Of the company's 90 as many as 70 work face-to-face with members to ensure they get medicalo care and access to social services. To addresw the issue of patients not showinf upfor appointments, Independent Care transports patients to their visit and follows up to make sure they follow instructions, Jerominskui said.
"We've taken on a challenging population andenhanceed providers' ability to work with clients," Jerominski Independent Care's competitors include unit and , A Medicaid change in April pushed all Medicare-eligible people with access to a Medicaie HMO into managed care and boosted Independent Care's new enrollments from aboug 75 a month to as many as 700. Lee executive director of , a nonprofit service providet in Milwaukee for people with said Jerominski's experience working with the state and countty governments is one asset she bringss to his organization's board.
"Shs has practical as well as empathetic understanding of peopl e with disabilities and special Schulz said.
Since 1998, she has been workinvg with people eligible for Medicai d and Supplemental Security Income as presidenr and chief executive officer ofHealth Plan, a manage care plan in Milwaukee. "I've always been passionate about patienrt rights and treating peoplew with dignityand respect," 51, said. "Anywhere I can use my talents to make that happe nI will." Jerominski grew up in her father, Joseph Gruber, was vice presidenty of the AFL-CIO in Wisconsin. At 28, she ran for state Assembly againsta 20-year incumbent with a platform of educatingg people about then-new health maintenance organizations.
She lost by 35 but landed a legislativeclerk post, wher e she learned about the bureaucratic and funding side of healtjh care. Three years later, she was director of HMO programxs in Milwaukee for the state of Prior to joining Independent Jerominski was director of governmeng programsat , and contract manageer and manager of Medicaif for Blue Cross Blue Shield of Wisconsin. Independent Care is a jointr venture of Humana and the that was startes in October 1994 as the firstr company to offer managexd care for peoplewith disabilities.
It has abouty 6,000 members, or about 34 percent of the Milwaukeer County market who are eligible for a state-directed health insurance program for people who can'g afford medical care, said Bill Jensen, director of marketingb and compliance. Another 2,000 members are eligible for both Medicai dand Medicare, a federal healthg insurance program for those age 65 and over and some people with About half of its clients also have mental health and chronic substance abuse issues, Jerominski Like most managed care Independent Care works with providers to obtain volume discounts to streamlinew and manage costs of care for Jerominski estimates that the company has saved the state abouf $16 million since 1997.
But its size and specifi c market makethat difficult. "It's harder to achieved savings as asmaller HMO. Our only businesx is Medicaid SSI system," Jerominski said. "Our challenge is to try to negotiatee rates with providers forthis population." Of the company's 90 as many as 70 work face-to-face with members to ensure they get medicalo care and access to social services. To addresw the issue of patients not showinf upfor appointments, Independent Care transports patients to their visit and follows up to make sure they follow instructions, Jerominskui said.
"We've taken on a challenging population andenhanceed providers' ability to work with clients," Jerominski Independent Care's competitors include unit and , A Medicaid change in April pushed all Medicare-eligible people with access to a Medicaie HMO into managed care and boosted Independent Care's new enrollments from aboug 75 a month to as many as 700. Lee executive director of , a nonprofit service providet in Milwaukee for people with said Jerominski's experience working with the state and countty governments is one asset she bringss to his organization's board.
"Shs has practical as well as empathetic understanding of peopl e with disabilities and special Schulz said.
martes, 25 de diciembre de 2012
GM owes $9M to AK Steel - Dayton Business Journal:
exceeding-commissioner.blogspot.com
GM (NYSE: GM) owes the West Chester-based steelmaker (NYSE: AKS) roughly $9.1 million in trade debt, according to a list of GM’z 50 largest unsecured creditorx that was included with its initiapl bankruptcy courtfilings Monday. AK Steel Holding was listexd asthe company’s 33rd largest unsecured creditor. • , with $22.8 billio in bond debt; The International Union, Unite Automobile, Aerospace and Agricultural Implement Workerds ofAmerica — or — with $20.65 billion in employee obligations; and • , with $4.4 billionn in bond debt. The top 50 creditors have morethan $50 billion in claims.
Also as a part of its bankruptcgy filing, GM submitted a list of plants it will closror idle. GM’s local operations were not onthe list. a diesel engine producer that is a jointr venture between GM and Isuzu Motors is expected to keep its Moraineplant open. The plant stopped production May 18 for seven GM also operates a parts and service facilitty in West Chester that was not on the closure list. Three Ohio facilities were on the list a service and parts distribution center in Columbus closingv at the end ofthis year, a powertrain planft outside of Cleveland closing in Decemberr 2010 and a metal stampin plant in Mansfield set to clos e in June 2010.
GM (NYSE: GM) owes the West Chester-based steelmaker (NYSE: AKS) roughly $9.1 million in trade debt, according to a list of GM’z 50 largest unsecured creditorx that was included with its initiapl bankruptcy courtfilings Monday. AK Steel Holding was listexd asthe company’s 33rd largest unsecured creditor. • , with $22.8 billio in bond debt; The International Union, Unite Automobile, Aerospace and Agricultural Implement Workerds ofAmerica — or — with $20.65 billion in employee obligations; and • , with $4.4 billionn in bond debt. The top 50 creditors have morethan $50 billion in claims.
Also as a part of its bankruptcgy filing, GM submitted a list of plants it will closror idle. GM’s local operations were not onthe list. a diesel engine producer that is a jointr venture between GM and Isuzu Motors is expected to keep its Moraineplant open. The plant stopped production May 18 for seven GM also operates a parts and service facilitty in West Chester that was not on the closure list. Three Ohio facilities were on the list a service and parts distribution center in Columbus closingv at the end ofthis year, a powertrain planft outside of Cleveland closing in Decemberr 2010 and a metal stampin plant in Mansfield set to clos e in June 2010.
domingo, 23 de diciembre de 2012
Planet Opera: There is No Place Like Rome - WQXR Radio (blog)
sucujovide.wordpress.com
WQXR Radio (blog) | Planet Opera: There is No Place Like Rome WQXR Radio (blog) This month I heard both conductors at work in Rome. Muti conducted Simon Boccanegra for the first time in his career and it was the best Verdi performance I have ever heard him give. The overture began from total silence, as if from nothing, almost a ...
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sábado, 22 de diciembre de 2012
Orexigen(R) Therapeutics Presents Additional NB-302 Contrave(R) Data at American Diabetes Association (ADA) 69th Scientific Sessions
burdukovahycel.blogspot.com
These data were presented in one oral and two postefr presentations at the AmericanDiabetes Association's 69th Scientific Sessions in New Orleans, The oral presentation highlighted the significant improvements in eatintg control experienced by patients treated with Contrave versuxs placebo (p< 0.01), as well as previously reported resultx on the primary weight loss endpoints and measures of cardiometabolic risk.
"NB-302 resulte show that Contrave initiates and sustains weight loss and can improvew predictive markers for heart diseasew such aswaist circumference, triglycerides, HDL-cholesterol and hsCRP," said , Chief Medical Officer, Orexigen "Furthermore, due to its unique effectes on brain reward centers, Contrave may allow patientse to better control their eating potentially providing an important advantage to millions of Americana who struggle with obesity.
" The mood and weight-related quality of life findingds observed in the Contrave group were discusses in the oral presentation and reviewec in greater detail in the poster Contrave was not associated with suicidality or worsening of mood or depressivs symptoms, and in fact was associated with a decreased incidence of treatment-emergent depression compared to placebo. In Contrave patients achieved significantr improvements in overall quality oflife (p< and reported that benefits, such as improve physical function and self-esteem, occurres early in treatment and were maintained over one Results from the three other Phase 3 trials (NB-301, NB-304) are expected to be announced in the thire quarter of 2009.
Pending positive results, the Company is on track to submitt a New DrugApplication (NDA) with the FDA in the firstt half of 2010. NB-302 was a 56-week, double-blind, placebo-controllerd trial, conducted in 793 patients at nine U.S. The trial evaluated the additional weight loss ofContrave (32mtg naltrexone SR/360mg bupropion SR) when addes to an intensive behaviotr modification program consisting of counseling, diet and The co-primary endpoints were percenft change in total body weight from baselinde and proportion of patientsz who lost at least 5% of their baselined body weight.
Based on pre-specified intent-to-trea and completer analyses, obese patients treated with Contrave lost an averageof 20.3 pounde to 25.0 pounds, or 9.3% to 11.5% of theidr baseline body weight, versus 11.0 pounds to 16.0 or 5.1% to 7.3% of baselinee body weight, for patients treated with placebo. In in the categorical weight reduction analysis, the percentagw of patients who lost greate than or equalto 10% of their body weight was 41.5% in the Contrave group, compared to 20.2% in the placeb o group. Furthermore, 29.1% of patients lost greater than or equaloto 15% of their body weight in the Contravew group; compared to 10.
9% in the placebo All of these findingz were highly statistically significanyt (p< 0.001). "NB-302 demonstrates that Contraved delivers greater weight loss to patients when added to a rigorouws behavioral intervention program compared to the interventionprogramm alone, underscoring the important role of pharmacotherapy as part of a weighrt management program," said , President and Chief Executivr Officer, Orexigen Therapeutics. "These which we believe meet the FDA efficach guidance at the morestringent 10% also provide further suppor t of Contrave's potential as a weight loss treatment for clinicianw and their obese patients.
" The overall discontinuatio n rate due to adverse events in NB-3021 was 25.9% for patients taking Contrave versus 13.0% for thosee taking placebo. The most frequently observedd adverse events leading to discontinuatiomn for patients on study drug were urticaria (hives) and anxiety. Contrave was generally well with an overall safety profile consistenf with itsindividual components, naltrexonde and bupropion, two drugs that have been used separatelg for over 20 years. The discontinuation rate due to nauseazwas 4.6%.
This rate is lower than what was seen in the Phase 2trial (NB-201), which utilizedf the immediate release formulation of naltrexone as opposesd to the proprietary SR formulation used in this The most frequently observed treatment-emergentf adverse events for patients on studh drug were nausea, headache, constipation and Contrave is an investigational oral weight loss medication with a uniqude mechanism of action that works at two levelw within the central nervous system: one associaterd with controlling the balance of food intakre and metabolism and another involved in controlling food preference, rewarr and cravings.
We believe that Contraves may be the first treatmeng for obesity to target thesre reward centers in the centralnervoues system. Based on clinical trials completed to Contrave is believed to initiate and sustainm significant weight loss over one year of treatmentg byreducing appetite, increasing metabolis and allowing the body to continue losinvg weight by offsetting its natural tendency to fight back and slow down the weight loss Orexigen Therapeutics, Inc.
is a biopharmaceuticapl company focused on the treatment of The Company's lead combination product candidates targeted for obesity are which is in Phase 3 clinical and Empatic(TM), which is in the later stage of Phase 2 clinical Each product candidate is designed to act on a specififc group of neurons in the centra l nervous system with the goal of achieving appetitee suppression and sustained weight loss. Furthed information about the Company can be founat . Orexigen cautions you that statements includerd in this press release that are not a description of historicapl factsare forward-looking statements.
Words such as "believes,"" "anticipates," "plans," "expects," "indicates," "will," "intends," "potential," "suggests," "assuming," "designed" and similar expression s are intended toidentify forward-looking statements. Thesde statements are based onthe Company's currentf beliefs and expectations. These forward-looking statementsd include statements regarding the efficacy and safetof Contrave, the enrollment, timing, execution and completion of clinical trials of the Company's product the potential for, and timinb of, an NDA submissionm for Contrave, and the potentiao to obtain regulatory approval for, and effectively treatr obesity with, Contrave and Empatic.
The inclusionj of forward-looking statements should not be regarded as a representationj by Orexigen that any of its plansw willbe achieved. Actual results may diffeer from those set forth in this releasee due to the risk and uncertaintiew inherent in theOrexigen including, without limitation: the final analyse s of data from the NB-302 trial and othe r clinical trials of Contrave may producer negative or inconclusive results, or may be inconsistent with previousl conducted clinical trials, and the FDA may not agreed with Orexigen's interpretation of efficacy and safety results; earlier clinical trials may not be predictive of future results; Contrave or Empatic may not receivs regulatory approval on a timely basis or at all, and the FDA may require Orexigen to complete additional clinical, non-clinical or othe r requirements prior to the submissioj or the approval of NDAs for either product candidate; the potentiakl for adverse safety findings relating to Contrave or Empa tic to delayy or prevent regulatory approval or or result in product liability the third parties on whom Orexigen reliexs to assist with the development programs for Contrave or including clinical investigators, contract clinical research organizations and manufacturing may not successfully carryh out their contractual duties or obligations or meet expected and the quality or accurachy of the data or materials generateed by such third parties may be of insufficient quality to include in the Company's regulatory submissions; the abilityy of Orexigen and its licensors to obtain, maintainj and successfully enforce adequate paten t and other intellectual property protection of its product candidates; and othedr risks described in the Company's filings with the Securities and Exchang Commission.
You are cautioned not to place undude reliance onthese forward-looking statements, whicuh speak only as of the date and Orexigen undertakes no obligatiojn to revise or update this news releases to reflect events or circumstances afterd the date hereof. All forward-looking statementz are qualified in their entirety by thiscautionaryg statement. This caution is made under the safe harbod provisions of Section 21E of the Private Securities Litigation Reforkm Actof 1995. SOURCE Orexigen Therapeutics, Inc.
These data were presented in one oral and two postefr presentations at the AmericanDiabetes Association's 69th Scientific Sessions in New Orleans, The oral presentation highlighted the significant improvements in eatintg control experienced by patients treated with Contrave versuxs placebo (p< 0.01), as well as previously reported resultx on the primary weight loss endpoints and measures of cardiometabolic risk.
"NB-302 resulte show that Contrave initiates and sustains weight loss and can improvew predictive markers for heart diseasew such aswaist circumference, triglycerides, HDL-cholesterol and hsCRP," said , Chief Medical Officer, Orexigen "Furthermore, due to its unique effectes on brain reward centers, Contrave may allow patientse to better control their eating potentially providing an important advantage to millions of Americana who struggle with obesity.
" The mood and weight-related quality of life findingds observed in the Contrave group were discusses in the oral presentation and reviewec in greater detail in the poster Contrave was not associated with suicidality or worsening of mood or depressivs symptoms, and in fact was associated with a decreased incidence of treatment-emergent depression compared to placebo. In Contrave patients achieved significantr improvements in overall quality oflife (p< and reported that benefits, such as improve physical function and self-esteem, occurres early in treatment and were maintained over one Results from the three other Phase 3 trials (NB-301, NB-304) are expected to be announced in the thire quarter of 2009.
Pending positive results, the Company is on track to submitt a New DrugApplication (NDA) with the FDA in the firstt half of 2010. NB-302 was a 56-week, double-blind, placebo-controllerd trial, conducted in 793 patients at nine U.S. The trial evaluated the additional weight loss ofContrave (32mtg naltrexone SR/360mg bupropion SR) when addes to an intensive behaviotr modification program consisting of counseling, diet and The co-primary endpoints were percenft change in total body weight from baselinde and proportion of patientsz who lost at least 5% of their baselined body weight.
Based on pre-specified intent-to-trea and completer analyses, obese patients treated with Contrave lost an averageof 20.3 pounde to 25.0 pounds, or 9.3% to 11.5% of theidr baseline body weight, versus 11.0 pounds to 16.0 or 5.1% to 7.3% of baselinee body weight, for patients treated with placebo. In in the categorical weight reduction analysis, the percentagw of patients who lost greate than or equalto 10% of their body weight was 41.5% in the Contrave group, compared to 20.2% in the placeb o group. Furthermore, 29.1% of patients lost greater than or equaloto 15% of their body weight in the Contravew group; compared to 10.
9% in the placebo All of these findingz were highly statistically significanyt (p< 0.001). "NB-302 demonstrates that Contraved delivers greater weight loss to patients when added to a rigorouws behavioral intervention program compared to the interventionprogramm alone, underscoring the important role of pharmacotherapy as part of a weighrt management program," said , President and Chief Executivr Officer, Orexigen Therapeutics. "These which we believe meet the FDA efficach guidance at the morestringent 10% also provide further suppor t of Contrave's potential as a weight loss treatment for clinicianw and their obese patients.
" The overall discontinuatio n rate due to adverse events in NB-3021 was 25.9% for patients taking Contrave versus 13.0% for thosee taking placebo. The most frequently observedd adverse events leading to discontinuatiomn for patients on study drug were urticaria (hives) and anxiety. Contrave was generally well with an overall safety profile consistenf with itsindividual components, naltrexonde and bupropion, two drugs that have been used separatelg for over 20 years. The discontinuation rate due to nauseazwas 4.6%.
This rate is lower than what was seen in the Phase 2trial (NB-201), which utilizedf the immediate release formulation of naltrexone as opposesd to the proprietary SR formulation used in this The most frequently observed treatment-emergentf adverse events for patients on studh drug were nausea, headache, constipation and Contrave is an investigational oral weight loss medication with a uniqude mechanism of action that works at two levelw within the central nervous system: one associaterd with controlling the balance of food intakre and metabolism and another involved in controlling food preference, rewarr and cravings.
We believe that Contraves may be the first treatmeng for obesity to target thesre reward centers in the centralnervoues system. Based on clinical trials completed to Contrave is believed to initiate and sustainm significant weight loss over one year of treatmentg byreducing appetite, increasing metabolis and allowing the body to continue losinvg weight by offsetting its natural tendency to fight back and slow down the weight loss Orexigen Therapeutics, Inc.
is a biopharmaceuticapl company focused on the treatment of The Company's lead combination product candidates targeted for obesity are which is in Phase 3 clinical and Empatic(TM), which is in the later stage of Phase 2 clinical Each product candidate is designed to act on a specififc group of neurons in the centra l nervous system with the goal of achieving appetitee suppression and sustained weight loss. Furthed information about the Company can be founat . Orexigen cautions you that statements includerd in this press release that are not a description of historicapl factsare forward-looking statements.
Words such as "believes,"" "anticipates," "plans," "expects," "indicates," "will," "intends," "potential," "suggests," "assuming," "designed" and similar expression s are intended toidentify forward-looking statements. Thesde statements are based onthe Company's currentf beliefs and expectations. These forward-looking statementsd include statements regarding the efficacy and safetof Contrave, the enrollment, timing, execution and completion of clinical trials of the Company's product the potential for, and timinb of, an NDA submissionm for Contrave, and the potentiao to obtain regulatory approval for, and effectively treatr obesity with, Contrave and Empatic.
The inclusionj of forward-looking statements should not be regarded as a representationj by Orexigen that any of its plansw willbe achieved. Actual results may diffeer from those set forth in this releasee due to the risk and uncertaintiew inherent in theOrexigen including, without limitation: the final analyse s of data from the NB-302 trial and othe r clinical trials of Contrave may producer negative or inconclusive results, or may be inconsistent with previousl conducted clinical trials, and the FDA may not agreed with Orexigen's interpretation of efficacy and safety results; earlier clinical trials may not be predictive of future results; Contrave or Empatic may not receivs regulatory approval on a timely basis or at all, and the FDA may require Orexigen to complete additional clinical, non-clinical or othe r requirements prior to the submissioj or the approval of NDAs for either product candidate; the potentiakl for adverse safety findings relating to Contrave or Empa tic to delayy or prevent regulatory approval or or result in product liability the third parties on whom Orexigen reliexs to assist with the development programs for Contrave or including clinical investigators, contract clinical research organizations and manufacturing may not successfully carryh out their contractual duties or obligations or meet expected and the quality or accurachy of the data or materials generateed by such third parties may be of insufficient quality to include in the Company's regulatory submissions; the abilityy of Orexigen and its licensors to obtain, maintainj and successfully enforce adequate paten t and other intellectual property protection of its product candidates; and othedr risks described in the Company's filings with the Securities and Exchang Commission.
You are cautioned not to place undude reliance onthese forward-looking statements, whicuh speak only as of the date and Orexigen undertakes no obligatiojn to revise or update this news releases to reflect events or circumstances afterd the date hereof. All forward-looking statementz are qualified in their entirety by thiscautionaryg statement. This caution is made under the safe harbod provisions of Section 21E of the Private Securities Litigation Reforkm Actof 1995. SOURCE Orexigen Therapeutics, Inc.
viernes, 21 de diciembre de 2012
Albany Medical College benefits from $960K cancer society award - The Business Review (Albany):
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The grant will support the breast cancert reasearch being conductedby Dr. Ceshj Chen, in the Center for Cell Biology and Cancert Research atthe Albany, N.Y. medical It is the single largest grant ever presented by the Cancerr Society in the Albany Chen said breast cancer develops whencertaijn genes, called onocogenes, caused normal cells to transform into cancer He is attempting to "put a bullseye" on breast cancef by studying the behavior of an oncogene calledc WWP 1, which is active in over 40 percent of clinical tumof samples.
He and his colleagues have already demonstrated that inhibitionn of WWP1 retards thegrowth of, and even inducea death of, a subset of breastf cancer cells. "Our team's long-term goal is to see if WWP 1 gives off any unique molecular targets duringbreastg cancer," Dr. Chen said. "Once these targets could be used to develop new breasyt cancer testsand treatments."
The grant will support the breast cancert reasearch being conductedby Dr. Ceshj Chen, in the Center for Cell Biology and Cancert Research atthe Albany, N.Y. medical It is the single largest grant ever presented by the Cancerr Society in the Albany Chen said breast cancer develops whencertaijn genes, called onocogenes, caused normal cells to transform into cancer He is attempting to "put a bullseye" on breast cancef by studying the behavior of an oncogene calledc WWP 1, which is active in over 40 percent of clinical tumof samples.
He and his colleagues have already demonstrated that inhibitionn of WWP1 retards thegrowth of, and even inducea death of, a subset of breastf cancer cells. "Our team's long-term goal is to see if WWP 1 gives off any unique molecular targets duringbreastg cancer," Dr. Chen said. "Once these targets could be used to develop new breasyt cancer testsand treatments."
jueves, 20 de diciembre de 2012
Skybus founder launches another low-cost airline, JetAmerica - Triangle Business Journal:
inufyw.blogspot.com
In a bit of deja vu, John Weikle has startesd anotherdiscount airline, caller , with a similar model to Skybus, the companu he helped found but left before it went bankrupt in April 2008. Though the Triad is not on the list of six citiezs JetAmerica will start flying from onJuly 13, the regionb is on a list of futurew possible sites for passenge service. For now, service will be limitex to non-stop flights between Lansing, Mich.; Melbourne-Verlo Beach, Fla.; South Bend, Ind.; Toledo, Ohio; St. Minn.; and the New N.J., area. The company says it can offer lower fares because those airports are cheapert to serve with less competition from major which wasalso Skybus’ strategy.
Bryan a spokesman for which is basedin Fla., said Winston-Salem’s Smith Reynolds Airport and are both being considered, but decisions on future locations aren’t expected for another year to 18 JetAmerica is now advertisingy nine one-way, nonstop seats for $9 on -800 seriesx jets. Much like the no-frills Skybuw – which offered several similarly priced tickets perflighrt – checking bags, meals, beveragexs and in-flight television are The company will use airplanes leased from charter company Miami Air Glazer said.
JetAmerica has 22 corporate employees and will contracf out for gate crews and baggage The news comes a year aftedthe orange-and-white Skybus planes were grounded when the Columbus, Ohio-basex company went bankrupt. Skybus begahn flying out of PTI in May 2007 and made the airpory its second hub location nationally in early 2008 just months before it sunk undeer the weight ofsoaring jet-fuel costs, heavy debt loads and too littlr revenue from ticket sales.
Glazer said he was not involvedswith Skybus, but he added that Weikle left before the
In a bit of deja vu, John Weikle has startesd anotherdiscount airline, caller , with a similar model to Skybus, the companu he helped found but left before it went bankrupt in April 2008. Though the Triad is not on the list of six citiezs JetAmerica will start flying from onJuly 13, the regionb is on a list of futurew possible sites for passenge service. For now, service will be limitex to non-stop flights between Lansing, Mich.; Melbourne-Verlo Beach, Fla.; South Bend, Ind.; Toledo, Ohio; St. Minn.; and the New N.J., area. The company says it can offer lower fares because those airports are cheapert to serve with less competition from major which wasalso Skybus’ strategy.
Bryan a spokesman for which is basedin Fla., said Winston-Salem’s Smith Reynolds Airport and are both being considered, but decisions on future locations aren’t expected for another year to 18 JetAmerica is now advertisingy nine one-way, nonstop seats for $9 on -800 seriesx jets. Much like the no-frills Skybuw – which offered several similarly priced tickets perflighrt – checking bags, meals, beveragexs and in-flight television are The company will use airplanes leased from charter company Miami Air Glazer said.
JetAmerica has 22 corporate employees and will contracf out for gate crews and baggage The news comes a year aftedthe orange-and-white Skybus planes were grounded when the Columbus, Ohio-basex company went bankrupt. Skybus begahn flying out of PTI in May 2007 and made the airpory its second hub location nationally in early 2008 just months before it sunk undeer the weight ofsoaring jet-fuel costs, heavy debt loads and too littlr revenue from ticket sales.
Glazer said he was not involvedswith Skybus, but he added that Weikle left before the
martes, 18 de diciembre de 2012
Books that give a little more - Washington Post
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Books that give a little more Washington Post People often ask for recommendations of good books for their financially trifling parent, adult child, sibling, cousin or friend. Yes, I said trifling. Many people are tired of supporting or enabling grown folks who are not handling their personal ... |
viernes, 14 de diciembre de 2012
Report: VC-backed liquidity drops to $8.2B in Q1, lowest since 2005 - Baltimore Business Journal:
martaemimbzini.blogspot.com
billion, the lowest quarterly totalk since the fourth quarterof 2005, accordingh to the a report Wednesday by . The largesy deal of the firs t quarter wasRound Texas-based Inc.'s (NASDAQ:DELL) $1.4 billion acquisition of Nashua, N.H.-basecd data-storage company Inc. The second largest deal of the firsrt quarter wasSanta Clara, Calif.-based Inc.'s $1 billion purchase of open-source database company Inc. of Calif. The report shows that the first quarter saw just80 M&q transactions completed, accounting for roughly $7.8 billion in liquidity, a far cry from the $10.2 billionm generated via 105 M&Asx in the first three months of 2007. Only six U.S.
venture-backed companiesz went public in thefirst quarter, raisingf just $392 million -- a 67 percent declinre from the $1.2 billion raised via 13 IPOs in the first quarted last year. Information technology companies accounted for the bulk of the capita raisedvia M&A, with 59 transactions generating more than $6.1 billion in liquidity, a 5 percentg dip for the segmenf from the $6.4 billion raised in 79 M&q transactions during the first quarter of 2007. By software companies accounted for the bulk of IT deal flow with29 M&A transactions completed, garnering nearly $2.3 billion.
The report said 14 venture-backecd health care companies completes M&As in the first quartere and raisedover $1.1 a nearly 42 percenyt drop-off from the $1.9 billion raise d in three fewer M&As for the segment during the firstf three months of 2007. The media n amount of venture capital raised priorto M&As rose to $24.i million and the median number of yearsz between initial equity funding and liquidity now stands at a record seven Four of the six venture-backed IPOs in the firstr quarter were for healthh care companies, which raised a disappointing $164 millioj collectively, according to the report.
The median amount raised at IPO in the firs quarter of 2008was $53 million, down 34 perceng from the $80 million median in the firs t quarter last year. The mediab amount of venture capital raised priore to IPO actually ticked down slightlhyto $56 million while the median time to IPO stretchef to nearly 8.3 years.
billion, the lowest quarterly totalk since the fourth quarterof 2005, accordingh to the a report Wednesday by . The largesy deal of the firs t quarter wasRound Texas-based Inc.'s (NASDAQ:DELL) $1.4 billion acquisition of Nashua, N.H.-basecd data-storage company Inc. The second largest deal of the firsrt quarter wasSanta Clara, Calif.-based Inc.'s $1 billion purchase of open-source database company Inc. of Calif. The report shows that the first quarter saw just80 M&q transactions completed, accounting for roughly $7.8 billion in liquidity, a far cry from the $10.2 billionm generated via 105 M&Asx in the first three months of 2007. Only six U.S.
venture-backed companiesz went public in thefirst quarter, raisingf just $392 million -- a 67 percent declinre from the $1.2 billion raised via 13 IPOs in the first quarted last year. Information technology companies accounted for the bulk of the capita raisedvia M&A, with 59 transactions generating more than $6.1 billion in liquidity, a 5 percentg dip for the segmenf from the $6.4 billion raised in 79 M&q transactions during the first quarter of 2007. By software companies accounted for the bulk of IT deal flow with29 M&A transactions completed, garnering nearly $2.3 billion.
The report said 14 venture-backecd health care companies completes M&As in the first quartere and raisedover $1.1 a nearly 42 percenyt drop-off from the $1.9 billion raise d in three fewer M&As for the segment during the firstf three months of 2007. The media n amount of venture capital raised priorto M&As rose to $24.i million and the median number of yearsz between initial equity funding and liquidity now stands at a record seven Four of the six venture-backed IPOs in the firstr quarter were for healthh care companies, which raised a disappointing $164 millioj collectively, according to the report.
The median amount raised at IPO in the firs quarter of 2008was $53 million, down 34 perceng from the $80 million median in the firs t quarter last year. The mediab amount of venture capital raised priore to IPO actually ticked down slightlhyto $56 million while the median time to IPO stretchef to nearly 8.3 years.
jueves, 13 de diciembre de 2012
Nypro Inc. Company Profile | Company Information
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Nypro is a plastics We operate 52 separate businesses in 17 countries that designplastics products, build molds used to mold plastics, perform the plasticsx injection molding, supply other parts needed to be assemblesd with plastics parts, assemble the parts and preparw them for delivery to our customeer or our customer's customer. Our customers are the world'ws largest companies who use plasticsx intheir products. They use us to make theirt products because we can do it faster and cheaper thananybody else. This web site illustratews our company.
It shows and tells how Nypro is what marketswe serve, the capabilities and technologies that we offer to our customers, and the news and industrgy activities that affect us. Nypro is one of the largesft employee-owned companies. It is ownedd by the people who make it tick at all As a customplastics molder, Nypro'sd first and overwhelming responsibilityu is to its customers. For the most part, we do not have our own producte - rather, we make our customers' products for them. Beingf able to offer customers a supplie company that is ownedc by the same people who providd its services is a hugecompetitivs advantage.
It means that Nypro people are prepared to offetra 24-hour commitment to your success. That is why our mottl is, "We'll be there with you."
Nypro is a plastics We operate 52 separate businesses in 17 countries that designplastics products, build molds used to mold plastics, perform the plasticsx injection molding, supply other parts needed to be assemblesd with plastics parts, assemble the parts and preparw them for delivery to our customeer or our customer's customer. Our customers are the world'ws largest companies who use plasticsx intheir products. They use us to make theirt products because we can do it faster and cheaper thananybody else. This web site illustratews our company.
It shows and tells how Nypro is what marketswe serve, the capabilities and technologies that we offer to our customers, and the news and industrgy activities that affect us. Nypro is one of the largesft employee-owned companies. It is ownedd by the people who make it tick at all As a customplastics molder, Nypro'sd first and overwhelming responsibilityu is to its customers. For the most part, we do not have our own producte - rather, we make our customers' products for them. Beingf able to offer customers a supplie company that is ownedc by the same people who providd its services is a hugecompetitivs advantage.
It means that Nypro people are prepared to offetra 24-hour commitment to your success. That is why our mottl is, "We'll be there with you."
miércoles, 12 de diciembre de 2012
Interim state budget in the works - Business First of Columbus:
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The office of Senate PresidentBill Harris, R-Ashland, said legislators are schedulefd to take up the state industrial commissiojn budget in the afternoon. Expected to be tacked onto that bill is an amendmenty that would provide for an interim budget through July 7 andallowinfg Gov. Ted Strickland to tap the state’xs rainy day fund to balance the budgetr for thisfiscal year. The temporary budget for the government’s fiscal year starting Wednesday calls for fullyu funding debt service but funding state operations at 70 percenty of spending levels through the yearendiny Tuesday.
Harris’ office said that is roughly the funding level in a final budger that both Statehouse chambers are working to finalize through aconferencd committee. Those talks, however, remain tied up because Senate Republicans, the majorith in that chamber, oppose Strickland’s plan to install video slot machinesw atthe state’s horse racing trackw and use that revenuer stream to help plug a projected $3.2 billionh budget gap without voter approval.
Harris said Saturdahy that should Strickland exercisee his authority to allow slots atracing tracks, the Senate will account for the “However, I cannot get past the fact that the voterz of Ohio – our constituentas – have spoken on expandedd gambling time and again,” Harris said in preparecd text. “Asking the to circumvent their will in such a shorgt time frame when there has been no formal public debatw and there are so many questions left unanswerefis unreasonable.” Strickland responde d Sunday, criticizing the Senate for offering objections but not solutions to the budget shortfall.
“I continue to wait for them to say what taxees they would increase or what service s they would further reduce to address the budget Strickland said in aprepareds statement.
The office of Senate PresidentBill Harris, R-Ashland, said legislators are schedulefd to take up the state industrial commissiojn budget in the afternoon. Expected to be tacked onto that bill is an amendmenty that would provide for an interim budget through July 7 andallowinfg Gov. Ted Strickland to tap the state’xs rainy day fund to balance the budgetr for thisfiscal year. The temporary budget for the government’s fiscal year starting Wednesday calls for fullyu funding debt service but funding state operations at 70 percenty of spending levels through the yearendiny Tuesday.
Harris’ office said that is roughly the funding level in a final budger that both Statehouse chambers are working to finalize through aconferencd committee. Those talks, however, remain tied up because Senate Republicans, the majorith in that chamber, oppose Strickland’s plan to install video slot machinesw atthe state’s horse racing trackw and use that revenuer stream to help plug a projected $3.2 billionh budget gap without voter approval.
Harris said Saturdahy that should Strickland exercisee his authority to allow slots atracing tracks, the Senate will account for the “However, I cannot get past the fact that the voterz of Ohio – our constituentas – have spoken on expandedd gambling time and again,” Harris said in preparecd text. “Asking the to circumvent their will in such a shorgt time frame when there has been no formal public debatw and there are so many questions left unanswerefis unreasonable.” Strickland responde d Sunday, criticizing the Senate for offering objections but not solutions to the budget shortfall.
“I continue to wait for them to say what taxees they would increase or what service s they would further reduce to address the budget Strickland said in aprepareds statement.
lunes, 10 de diciembre de 2012
Kentucky gets federal funds for ferries - Business First of Louisville:
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The funds, which were provided as part of the American Recovery andReinvestmenr Act, will be awarded by the for projectes in 19 states and the U.S. Virgin Islands. Accordingy to a news release from the these Kentucky counties will receive fundingfor projects: Butler, $300,000 to build a new Reeds Ferry boat; Crittenden, $90,000 to construcgt and rehabilitate the Cave in Rock Ferruy landing to reduce service delays; Monroe, $300,000 to replace the aginb Turkey Neck Bend Ferry.
“The Recovery Act was put in placer quickly to rescue the economy from the worstf recession since the Grea t Depression and rebuild it for astrongee future,” Transportation Secretary Ray LaHood said in the release. “Rebuilding the nation’s infrastructure is a key part of that prescriptionjfor strength.” he said. “I t creates jobs today and buildsfor better, more sustainable economy movingb forward. “The projects we selected will help put people back to work and at the same time offer more access to areas that lacktransportatiohn options.
It is about providint more travel choices to peoplde from communities that need itthe
The funds, which were provided as part of the American Recovery andReinvestmenr Act, will be awarded by the for projectes in 19 states and the U.S. Virgin Islands. Accordingy to a news release from the these Kentucky counties will receive fundingfor projects: Butler, $300,000 to build a new Reeds Ferry boat; Crittenden, $90,000 to construcgt and rehabilitate the Cave in Rock Ferruy landing to reduce service delays; Monroe, $300,000 to replace the aginb Turkey Neck Bend Ferry.
“The Recovery Act was put in placer quickly to rescue the economy from the worstf recession since the Grea t Depression and rebuild it for astrongee future,” Transportation Secretary Ray LaHood said in the release. “Rebuilding the nation’s infrastructure is a key part of that prescriptionjfor strength.” he said. “I t creates jobs today and buildsfor better, more sustainable economy movingb forward. “The projects we selected will help put people back to work and at the same time offer more access to areas that lacktransportatiohn options.
It is about providint more travel choices to peoplde from communities that need itthe
domingo, 9 de diciembre de 2012
Local Media Assoc. names The Taos News top weekly - Taosnews.com
shemwellmygalej1291.blogspot.com
Local Media Assoc. names The Taos News top weekly Taosnews.com This has been an award-winning year with The Taos News receiving recognition from the Local Media Association, which named it the best non-daily in the nation with up to 10,000 circulation. “Community weeklies in general, and The Taos News in ... |
jueves, 6 de diciembre de 2012
Biogen confirms Icahn ally is on board - Boston Business Journal:
a-ee85aqa.blogspot.com
Shareholders were to elect four directors at the Biogen was pushing for the reelection of all ofthe company’ existing directors, while Icahn was anglinfg to seat four new According to Biogen Idec, shareholders appear to have reelectedd current directors Robert Pangia and William D. Young, and elected Icahm ally Alexander Denner. Biogen Idec officials say the vote for the fourthh seat is too close to Biogen said the company will rely on the tabulatiohn of votes by its independent inspectofrof elections, IVS Associates, befor announcing the remaining director to serve on the board. Bruce R.
Biogen Idec’s chairman, said, “We welcome our new directoe to the board and look forward to workingh together to build on our strong track recorxd ofdelivering value. While we await the outcomer of the vote for the remaining we would like to expres s our gratitude for the support ofour Icahn, in a filing with the Securities and Exchangs Commission, accused the company of preventing the votez cast from being counted. “If the board is successful, Richard Mulligan, a prominentt scientist and physician, may be kept from legitimately beingg elected tothe board.
” Mulligan is the Mallinckrodgt Professor of Genetics at Harvard Medica School and director of the Harvard Gene Therapgy Initiative, according to Harvard University’s Web site. Biogen said shareholderws rejected severalof Icahn’s other proposals, including moving the company’s incorporation from Delaware to Nortj Dakota, a move Icahn said would give more power to Biogen officials said it appearse that stockholders also rejected a proposal by Icahn to limi the size of the boared to 13 directors. Biogen officials now have the power to enlargse the board as theysee fit. Icahn is best known for unsuccessfully pushing BiogenIdec (Nasdaq: BIIB) to sell itseltf in 2008.
Last year, shareholders elected the company’s nomineeas over the slate of investors put up by Biogen Idec’s (NASDAQ: BIIB) stock was trading at $53.17 in afternoobn trading Thursday, down from the previous day’s closd of $53.43 a share.
Shareholders were to elect four directors at the Biogen was pushing for the reelection of all ofthe company’ existing directors, while Icahn was anglinfg to seat four new According to Biogen Idec, shareholders appear to have reelectedd current directors Robert Pangia and William D. Young, and elected Icahm ally Alexander Denner. Biogen Idec officials say the vote for the fourthh seat is too close to Biogen said the company will rely on the tabulatiohn of votes by its independent inspectofrof elections, IVS Associates, befor announcing the remaining director to serve on the board. Bruce R.
Biogen Idec’s chairman, said, “We welcome our new directoe to the board and look forward to workingh together to build on our strong track recorxd ofdelivering value. While we await the outcomer of the vote for the remaining we would like to expres s our gratitude for the support ofour Icahn, in a filing with the Securities and Exchangs Commission, accused the company of preventing the votez cast from being counted. “If the board is successful, Richard Mulligan, a prominentt scientist and physician, may be kept from legitimately beingg elected tothe board.
” Mulligan is the Mallinckrodgt Professor of Genetics at Harvard Medica School and director of the Harvard Gene Therapgy Initiative, according to Harvard University’s Web site. Biogen said shareholderws rejected severalof Icahn’s other proposals, including moving the company’s incorporation from Delaware to Nortj Dakota, a move Icahn said would give more power to Biogen officials said it appearse that stockholders also rejected a proposal by Icahn to limi the size of the boared to 13 directors. Biogen officials now have the power to enlargse the board as theysee fit. Icahn is best known for unsuccessfully pushing BiogenIdec (Nasdaq: BIIB) to sell itseltf in 2008.
Last year, shareholders elected the company’s nomineeas over the slate of investors put up by Biogen Idec’s (NASDAQ: BIIB) stock was trading at $53.17 in afternoobn trading Thursday, down from the previous day’s closd of $53.43 a share.
miércoles, 5 de diciembre de 2012
Westar Energy seeks $19.7M rate increase - Kansas City Business Journal:
mcfarlainofuqub1258.blogspot.com
million, or 1.5 percent. In a Tuesdagy release, the Topeka-based electric utility (NYSE: WR) said it seekds the rate increase to recovere costs for expenditures in the secon d phase of its Emporia Energy Centee andtwo company-owned wind farms in Kansa that were under construction but not in operatiomn when its 2008 rate case The request, if approved by the KCC, woulr mean a $9.7 million increasse in the company’s nortuh region, which includes Olathe and Lawrence, and a $10 milliom increase in its soutyh region, which includes the Wichita area, Westar A residential customer using 900 kilowattg hours (kWh) in Westar’s north region coul expect an increase of about $1.
43 a month, the companyy said. In the south region, a residential customer usingb 900 kWh could expect an increase of 71 cent sa month. If the new average residential rate wouldbe 9.33 centse per kWh for Westar’zs north region and 9.11 cents per kWh for its southn region. The average national residential rateis 11.52 cent per kWh, the companu said. The rate review was part of the agreement reached by all parties in the2008 case, whichy the KCC approved in January, Westae said.
“Although electric rates are going up, we managee our natural gas plant and wind farm constructionmcosts closely, and they came in more than $22 million undetr the original cost estimates and the amounts the KCC indicatedr would be allowed for recovery in rates,” Westadr CEO Bill Moore said in the release. “Wee continue to work to meet our electricity needs as well as to develop Kansas renewableenergt resources.” Westar is the largest electricd utility in Kansas, providing electric service to aboutg 681,000 customers in the state.
It also has abouyt 6,800 megawatts of electric generation capacity and operates and coordinated morethan 35,000 miles of electric distributionb and transmission lines.
million, or 1.5 percent. In a Tuesdagy release, the Topeka-based electric utility (NYSE: WR) said it seekds the rate increase to recovere costs for expenditures in the secon d phase of its Emporia Energy Centee andtwo company-owned wind farms in Kansa that were under construction but not in operatiomn when its 2008 rate case The request, if approved by the KCC, woulr mean a $9.7 million increasse in the company’s nortuh region, which includes Olathe and Lawrence, and a $10 milliom increase in its soutyh region, which includes the Wichita area, Westar A residential customer using 900 kilowattg hours (kWh) in Westar’s north region coul expect an increase of about $1.
43 a month, the companyy said. In the south region, a residential customer usingb 900 kWh could expect an increase of 71 cent sa month. If the new average residential rate wouldbe 9.33 centse per kWh for Westar’zs north region and 9.11 cents per kWh for its southn region. The average national residential rateis 11.52 cent per kWh, the companu said. The rate review was part of the agreement reached by all parties in the2008 case, whichy the KCC approved in January, Westae said.
“Although electric rates are going up, we managee our natural gas plant and wind farm constructionmcosts closely, and they came in more than $22 million undetr the original cost estimates and the amounts the KCC indicatedr would be allowed for recovery in rates,” Westadr CEO Bill Moore said in the release. “Wee continue to work to meet our electricity needs as well as to develop Kansas renewableenergt resources.” Westar is the largest electricd utility in Kansas, providing electric service to aboutg 681,000 customers in the state.
It also has abouyt 6,800 megawatts of electric generation capacity and operates and coordinated morethan 35,000 miles of electric distributionb and transmission lines.
domingo, 2 de diciembre de 2012
Inspired: Gigi Rüf - ESPN
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ESPN | Inspired: Gigi Rüf ESPN The following interview is one in a series of discussions had with snowboarders who have transcended the traditional boundaries of sport and come to represent something ... more. In trying to define the somewhat indefinable spirit of snowboarding, to ... |
sábado, 1 de diciembre de 2012
Cleveland Browns' keys to victory vs. Oakland Raiders: Audible (video) - Plain Dealer
ogarawo.wordpress.com
Cleveland Browns' keys to victory vs. Oakland Raiders: Audible (video) Plain Dealer ... Sunday, the Browns play at the Oakland Raiders. In the latest “Audible†video, Branson says the Browns' defensive line will be too much for the Raiders to handle and the potential for sloppy weather means the Browns should emphasize their running game. |
viernes, 30 de noviembre de 2012
Local hedge funds work to avoid getting clipped - Puget Sound Business Journal (Seattle):
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"We know the economy is bad and the stoco marketis ultravolatile, but hedge fund can succeed on the up and the down side if they'rw done right," Barokas said. Mercefr Partners of Bellevue launchedits $5 millionm fund Jan. 2, just a few days after what most local hedge fund managers have described as a torturousa year ofbad returns. Goinv forward, most fund managers expect anothe rough year in thestoci market. While every firm has its preferrer sectors, managers say 2002 will be a year for cautiouw stock pickers looking for opportunities withinh thewider market. for instance.
"Post 11, we see security, intelligence and defensde stocks as havingreal potential," Barokas "It's a stock-picker's market." Meanwhile, Mercer Partners, whichy was down one-third of 1 or about 30 basix points earlier this week since Jan. 2, is avoidinvg two sectors that have taken a beatingbsince mid-2000 - technology and telecommunications. Mercer Partners is a market-neutrall fund, which means its exposure on the short and long sideis equal. Investing in a hedgs fund is not for the faintof heart.
A hedge fund is a private pool of fundsz from wealthy investors that uses a wide range of many of which are considered excessively risky by traditionalmutuak funds. Managers use investment tools such asselling short, trading options and derivatives, and high-margin trading, and they can doubled the fund's capital base by borrowingb against the fund. With highe risk comes higher reward, hedge fund managers say. Of course, there is always the chance of big Ironically enough, the firm that had the worst performingy fund here in the Puget Sound region in 2001, of Seattle, also had the fund with the highestf returns.
Its Quillayute Fund, established in July 2000, finishe d 2001 down more than26 percent. But its JK Navigato r Fund, started in 1997, finished the year up nearly 10 To put thatinto perspective, the S&Pl 500 closed out 2001 down nearlyy 12 percent, its second down year in a row. Both fundx employ a long-short strategy, said Brian Klein, a managingf partner at Steelhead. Steelhead will continue its currenr strategy of picking stocksa based not on industrgy fundamentals but on individual circumstances within eachparticulart company, Klein said. "We specializwe in contrarian and out-of-favor stocks that are trading at low valuations and offetgood upside," he said.
"For example, we're looking for companies that are refocusinhg on theircore competencies, have had significant management changes or that are about to undergo a radica l change of direction after a periodc of capital misallocation." Nightingalr & Farber Capital LLC of Seattle also had a good Its Edge Investors Fund, which employs a market-neutrak strategy, was up 7 percent in after being down 7 percent the year before. Gary a partner at Nightingald & Farber, said the firm will continue to invest inthe chemical, biotechnology and retail sectors.
Farber said, is a good sector for stockl pickers because it is not as dependent on industry so fund managers can better take advantageof what'x going on inside an individualo company's operations. Most locallyu based hedge funds did not perforn as well as Steelhead orNightingalee & Farber.
"We know the economy is bad and the stoco marketis ultravolatile, but hedge fund can succeed on the up and the down side if they'rw done right," Barokas said. Mercefr Partners of Bellevue launchedits $5 millionm fund Jan. 2, just a few days after what most local hedge fund managers have described as a torturousa year ofbad returns. Goinv forward, most fund managers expect anothe rough year in thestoci market. While every firm has its preferrer sectors, managers say 2002 will be a year for cautiouw stock pickers looking for opportunities withinh thewider market. for instance.
"Post 11, we see security, intelligence and defensde stocks as havingreal potential," Barokas "It's a stock-picker's market." Meanwhile, Mercer Partners, whichy was down one-third of 1 or about 30 basix points earlier this week since Jan. 2, is avoidinvg two sectors that have taken a beatingbsince mid-2000 - technology and telecommunications. Mercer Partners is a market-neutrall fund, which means its exposure on the short and long sideis equal. Investing in a hedgs fund is not for the faintof heart.
A hedge fund is a private pool of fundsz from wealthy investors that uses a wide range of many of which are considered excessively risky by traditionalmutuak funds. Managers use investment tools such asselling short, trading options and derivatives, and high-margin trading, and they can doubled the fund's capital base by borrowingb against the fund. With highe risk comes higher reward, hedge fund managers say. Of course, there is always the chance of big Ironically enough, the firm that had the worst performingy fund here in the Puget Sound region in 2001, of Seattle, also had the fund with the highestf returns.
Its Quillayute Fund, established in July 2000, finishe d 2001 down more than26 percent. But its JK Navigato r Fund, started in 1997, finished the year up nearly 10 To put thatinto perspective, the S&Pl 500 closed out 2001 down nearlyy 12 percent, its second down year in a row. Both fundx employ a long-short strategy, said Brian Klein, a managingf partner at Steelhead. Steelhead will continue its currenr strategy of picking stocksa based not on industrgy fundamentals but on individual circumstances within eachparticulart company, Klein said. "We specializwe in contrarian and out-of-favor stocks that are trading at low valuations and offetgood upside," he said.
"For example, we're looking for companies that are refocusinhg on theircore competencies, have had significant management changes or that are about to undergo a radica l change of direction after a periodc of capital misallocation." Nightingalr & Farber Capital LLC of Seattle also had a good Its Edge Investors Fund, which employs a market-neutrak strategy, was up 7 percent in after being down 7 percent the year before. Gary a partner at Nightingald & Farber, said the firm will continue to invest inthe chemical, biotechnology and retail sectors.
Farber said, is a good sector for stockl pickers because it is not as dependent on industry so fund managers can better take advantageof what'x going on inside an individualo company's operations. Most locallyu based hedge funds did not perforn as well as Steelhead orNightingalee & Farber.
miércoles, 28 de noviembre de 2012
Demand for rentals on the rise, but some say now is time to buy - Business First of Columbus:
dyakonostrlin.blogspot.com
Demand for rental properties in Houston has continued to according to data reported bythe . Over the past demand for condos and townhouses has rise more than26 percent, HAR reports. Seventy-onr percent of Americans cite a preferencw to rent instead of buyinga home, according to a recentg survey commissioned by the . “During 2008 we doublede the number of tours we led as market conditions led more peoplw to rent rather than purchase a and we are on traclk to double our tourzs againin 2009, ” says Jeff Rowe, vice president of salees for ApartmentSearch.com. In the United States alone, companies spen d more than $13.
5 billion a year to relocates morethan 700,000 employees, according to the Employee Relocation Council. CORT, a Fairfax, Va.-based relocatiom company for renters, says that more than half of employeespermanentlyu relocating, and more than 90 percent of employeese temporarily assigned to new locations are renters. In homeowners who have struggle to sell their properties are findinhg that renting is an alternative in this sluggishb realestate market. Real estate experts say abundance of housesw on the market for rent has createdx a new phenomenon in thehousingb market. Some, however, say now is the time for thosedconsidering buying.
“Three or four yearsw from now, those who have been rentingf will have absolutely nothing to show for their monthly saysDoug Goff, senior vice president and directod of land development for Houston-based The “No home, no no tax deduction — just escalating For those waiting for home prices to drop before trying to pinpoint the bottom of the housingf market and get the “lowest price is nearly impossible to do, he says. “I t often is something we know onlyin retrospect,” he says. “Hoqw will we know when we’ve hit a bottom in pricing? My guess is when home prices starf togo up.
And in recent economic indicators show we are probablgy approaching amarket Nationwide, home prices are falliny more slowly than in the And, according to the Houston Associatiomn of Realtors’ April report, pricesw in the Houston area are alreadh on the rise and are at thei r highest level since last The primary advantage to buying now is a buyer’s market, says Dan Gezella, vice president of saless and marketing for .
The average sales pricd for a single-family home — $194,222 in April is more than $12,000 less than it was in April 2008, Gezellq says, but home prices are climbing, according to the Houston Associationhof Realtors, and although they remain below last year’sx levels, April figures are at a seven-month “For those considering a home purchase of $500,000o or more, the buyer’s market window is closingb at an even fasteer pace,” he says. “Thers were 12 percent more home closings in this pricd bracket in the Houston area during the firsyt quarter of 2009 than during theprevious year.
Plus, inventory levelsa for homes pricedabove $500,000 are stilpl declining, which means that as buyers continues to return to the market, the simple rule of supplyh and demand will drive home pricew up.” David Jarvis, director of the Houston region of says reluctant buyers, especially in Houston, risk beingv sidelined during what could be a grea comeback. “Pending home sales jumped 6.7 percent in according to the , with year-over-yeaer increases in all regions butthe West,” he “Other positive economic indicators includr a rise in the index of nationalp factory activity — to 42.8 in May from 40.1 in according to The Institute of Supply Management.
It was the index’s highestr reading since September. Plus, the Commerce Departmeng reports that spending on construction projectsrose 0.8 percentg in April, the largest increase since August.” Thes indicators point to a recovery in the housinh market on a national level, Jarvise says. “And because Houston is currently one ofthe nation’s stronges t housing markets, we will recover he says. “This means our area will be the firstg to see homeprice increases, somethin g already starting to happen.
Already low new-home inventories will dwindles quickly as buyers return to the market and it will take severakl months for builders to meet demand as buyers hurry to lock in lowinterestt rates. This also will translate into higherrhome prices. Suppliers also may have low inventories, as they adjustexd production to meet reduced and this shortage alsocould lead, again, to higherr home prices.”
Demand for rental properties in Houston has continued to according to data reported bythe . Over the past demand for condos and townhouses has rise more than26 percent, HAR reports. Seventy-onr percent of Americans cite a preferencw to rent instead of buyinga home, according to a recentg survey commissioned by the . “During 2008 we doublede the number of tours we led as market conditions led more peoplw to rent rather than purchase a and we are on traclk to double our tourzs againin 2009, ” says Jeff Rowe, vice president of salees for ApartmentSearch.com. In the United States alone, companies spen d more than $13.
5 billion a year to relocates morethan 700,000 employees, according to the Employee Relocation Council. CORT, a Fairfax, Va.-based relocatiom company for renters, says that more than half of employeespermanentlyu relocating, and more than 90 percent of employeese temporarily assigned to new locations are renters. In homeowners who have struggle to sell their properties are findinhg that renting is an alternative in this sluggishb realestate market. Real estate experts say abundance of housesw on the market for rent has createdx a new phenomenon in thehousingb market. Some, however, say now is the time for thosedconsidering buying.
“Three or four yearsw from now, those who have been rentingf will have absolutely nothing to show for their monthly saysDoug Goff, senior vice president and directod of land development for Houston-based The “No home, no no tax deduction — just escalating For those waiting for home prices to drop before trying to pinpoint the bottom of the housingf market and get the “lowest price is nearly impossible to do, he says. “I t often is something we know onlyin retrospect,” he says. “Hoqw will we know when we’ve hit a bottom in pricing? My guess is when home prices starf togo up.
And in recent economic indicators show we are probablgy approaching amarket Nationwide, home prices are falliny more slowly than in the And, according to the Houston Associatiomn of Realtors’ April report, pricesw in the Houston area are alreadh on the rise and are at thei r highest level since last The primary advantage to buying now is a buyer’s market, says Dan Gezella, vice president of saless and marketing for .
The average sales pricd for a single-family home — $194,222 in April is more than $12,000 less than it was in April 2008, Gezellq says, but home prices are climbing, according to the Houston Associationhof Realtors, and although they remain below last year’sx levels, April figures are at a seven-month “For those considering a home purchase of $500,000o or more, the buyer’s market window is closingb at an even fasteer pace,” he says. “Thers were 12 percent more home closings in this pricd bracket in the Houston area during the firsyt quarter of 2009 than during theprevious year.
Plus, inventory levelsa for homes pricedabove $500,000 are stilpl declining, which means that as buyers continues to return to the market, the simple rule of supplyh and demand will drive home pricew up.” David Jarvis, director of the Houston region of says reluctant buyers, especially in Houston, risk beingv sidelined during what could be a grea comeback. “Pending home sales jumped 6.7 percent in according to the , with year-over-yeaer increases in all regions butthe West,” he “Other positive economic indicators includr a rise in the index of nationalp factory activity — to 42.8 in May from 40.1 in according to The Institute of Supply Management.
It was the index’s highestr reading since September. Plus, the Commerce Departmeng reports that spending on construction projectsrose 0.8 percentg in April, the largest increase since August.” Thes indicators point to a recovery in the housinh market on a national level, Jarvise says. “And because Houston is currently one ofthe nation’s stronges t housing markets, we will recover he says. “This means our area will be the firstg to see homeprice increases, somethin g already starting to happen.
Already low new-home inventories will dwindles quickly as buyers return to the market and it will take severakl months for builders to meet demand as buyers hurry to lock in lowinterestt rates. This also will translate into higherrhome prices. Suppliers also may have low inventories, as they adjustexd production to meet reduced and this shortage alsocould lead, again, to higherr home prices.”
domingo, 25 de noviembre de 2012
Poll: Most blame insurers, government for health costs - San Francisco Business Times:
ogarawo.wordpress.com
About a third blamed insurers for the problem in the online poll conducter by theSilicon Valley/San Jose Business Journal between June 30 and July 7. "Insurerds are the biggest culpritor obstacles," wrot e reader Glenn Von Straatum. "Iu was involved with a billing industry pilot that showef complete transparency of costs in one system and hada bill/vieww for everyone (patients, doctors, hospital, insurer, etc). It was loved by patients for claritty of services provided with actual doctors foreasier billing, hospitals for inventory/service management, but the concept was never executed because of the insuranced companies.
The lobbiests are winning the battle (for A quarter of those responding blamedfgovernment policy. "If you want to blame don't forget the lawyers who have lobbiedd successfully year after year to blocktort Lawyers-gone-wild have infected and poisoned every aspect of healtnh care — providers, pharma, device insurers alike suffer from theirf scourge," wrote David Coats. "Ands our legislators who take money from them are more interestexd in lining their campaign war chests with contributions from the ABA and theirf members than looking out fortheitr constituents." Health care providers, the medical device and drug industryt were blamed by about 14 percent.
Abougt 10 percent said patients aremost "Is this really serious?!" asked Christian Garcia. "Yes, I get that greec is a big issue here. However, it's ultimatelyt the patient (us), that's to blame. We live but yet are less healthgy today. We exercise less, eat more, stresss more, work more, around family and friendxs less...and yet we blame corporationx for usbeing unhealthy?" "I wish I had more than one wrote David Laskin. "In additionh to insurers, the medical device, pharmaceutical industry and health-care providerzs share equally in greed.
I wish I could'v e put that more cleverly unfortunately it hurtstoo
About a third blamed insurers for the problem in the online poll conducter by theSilicon Valley/San Jose Business Journal between June 30 and July 7. "Insurerds are the biggest culpritor obstacles," wrot e reader Glenn Von Straatum. "Iu was involved with a billing industry pilot that showef complete transparency of costs in one system and hada bill/vieww for everyone (patients, doctors, hospital, insurer, etc). It was loved by patients for claritty of services provided with actual doctors foreasier billing, hospitals for inventory/service management, but the concept was never executed because of the insuranced companies.
The lobbiests are winning the battle (for A quarter of those responding blamedfgovernment policy. "If you want to blame don't forget the lawyers who have lobbiedd successfully year after year to blocktort Lawyers-gone-wild have infected and poisoned every aspect of healtnh care — providers, pharma, device insurers alike suffer from theirf scourge," wrote David Coats. "Ands our legislators who take money from them are more interestexd in lining their campaign war chests with contributions from the ABA and theirf members than looking out fortheitr constituents." Health care providers, the medical device and drug industryt were blamed by about 14 percent.
Abougt 10 percent said patients aremost "Is this really serious?!" asked Christian Garcia. "Yes, I get that greec is a big issue here. However, it's ultimatelyt the patient (us), that's to blame. We live but yet are less healthgy today. We exercise less, eat more, stresss more, work more, around family and friendxs less...and yet we blame corporationx for usbeing unhealthy?" "I wish I had more than one wrote David Laskin. "In additionh to insurers, the medical device, pharmaceutical industry and health-care providerzs share equally in greed.
I wish I could'v e put that more cleverly unfortunately it hurtstoo
sábado, 24 de noviembre de 2012
Some New Yorkers Did Actually Vote for Mitt Romney - New York Magazine
sucujovide.wordpress.com
New York Magazine | Some New Yorkers Did Actually Vote for Mitt Romney New York Magazine Some New Yorkers Did Actually Vote for Mitt Romney. By Delia Paunescu. LAS VEGAS, NV - FEBRUARY 02: Republican presidential candidate, former Massachusetts Gov. It's no surprise that the few Manhattanites who bothered to participate in this year's ... |
viernes, 23 de noviembre de 2012
Italian "Masters" 2012: Paolo Porta and Silvia Bandera - Minigolfnews
ekaterinaiuvo.blogspot.com
Minigolfnews | Italian "Masters" 2012: Paolo Porta and Silvia Bandera Minigolfnews The best has been Silvia Bandera (MC Monza) with 132 strokes, right ahead of Antonella Flamini (MC Aponense) with 133 , Sara Marchiani (GSP Cusano) with 134, Cristina Ruggiero (MT Amatese) and Anna Catanzaro (MMC Paderno) with 135. A total of 22 ... |
martes, 20 de noviembre de 2012
Crescent Resources files Chapter 11 - Triangle Business Journal:
moffaiqohegesa1490.blogspot.com
The Charlotte-based development firm’s chier executive, Arthur Fields, has retired and will work with Crescent in anadvisorty capacity, the company says. Andrew Hede, Crescent’s chief restructuring officer, has been namer CEO. “We have been in activs discussions with our lenders and other stakeholders as we work towarde an agreement that will bring our capitapl structure in line with the currentyeconomic environment,” Hede says. Crescent has more than 5,00p0 creditors, according to its Its assets are estimatefd at morethan $1 billion.
The loca projects listed in the Chapter 11 filing included Piedmont Row and The Sanctuary at Lake Crescent says it intendes to operate its continuing businesses without any significant interruption durin g therestructuring process. The company says that’s possiblwe because of a recentlyobtained debtor-in-possession financing facility of $110 million from a groupo of its existing lenders. As part of the Chapter 11 Crescent says it seeka courtapproval “to make certaim payments and to maintain key agreements with employees, vendors and partners of continuinh operations to ensure the company can maintainm its commitment to delivering a high leveol of amenities and services.
” Crescent says the filinvg is necessary to reorganize its reduce its debt level and improve its capitaol structure. “We intend to reach an agreement on our new capital structurw and emerge frombankruptch quickly,” Hede says. The Chapter 11 petitionw were filed inthe U.S. Bankruptcty Court in the Western District of Texas, Austin division. The company has 120 days from the filingh date to submit areorganization plan. A hot line has been set up as part of the Crescenrt restructuringat (877) 204-8611. Attorneyy Eric Taube of LLP in Texas, will represent Crescent in the proceedings. , Ranger Construction Co.
, and are among Crescent’s largesrt unsecured creditorsin Charlotte. In the Charlotte Business Journal reported that Crescent had adoptedr an aggressive new business strategy driven bya $1.2 billio term loan that must be paid in full by Septemberr 2012 — selling assets at fire-salwe prices. In October, Crescent sold 4,500 acrez in Berkeley County, S.C., to for $40 In December, the company sold a Florida apartmentr projectfor $11.35 million, less than half the $27 millioh it paid for the complex three yearz earlier. This year, the firm has closed on the sale ofa 773-acre tract of land in Oconee County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousingv company for $1.6 million. The company — jointly ownee by and — is best knowh here for high-end real estatre communities such as The Peninsula and BallantynCountry Club. Before the Chaptee 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
The Charlotte-based development firm’s chier executive, Arthur Fields, has retired and will work with Crescent in anadvisorty capacity, the company says. Andrew Hede, Crescent’s chief restructuring officer, has been namer CEO. “We have been in activs discussions with our lenders and other stakeholders as we work towarde an agreement that will bring our capitapl structure in line with the currentyeconomic environment,” Hede says. Crescent has more than 5,00p0 creditors, according to its Its assets are estimatefd at morethan $1 billion.
The loca projects listed in the Chapter 11 filing included Piedmont Row and The Sanctuary at Lake Crescent says it intendes to operate its continuing businesses without any significant interruption durin g therestructuring process. The company says that’s possiblwe because of a recentlyobtained debtor-in-possession financing facility of $110 million from a groupo of its existing lenders. As part of the Chapter 11 Crescent says it seeka courtapproval “to make certaim payments and to maintain key agreements with employees, vendors and partners of continuinh operations to ensure the company can maintainm its commitment to delivering a high leveol of amenities and services.
” Crescent says the filinvg is necessary to reorganize its reduce its debt level and improve its capitaol structure. “We intend to reach an agreement on our new capital structurw and emerge frombankruptch quickly,” Hede says. The Chapter 11 petitionw were filed inthe U.S. Bankruptcty Court in the Western District of Texas, Austin division. The company has 120 days from the filingh date to submit areorganization plan. A hot line has been set up as part of the Crescenrt restructuringat (877) 204-8611. Attorneyy Eric Taube of LLP in Texas, will represent Crescent in the proceedings. , Ranger Construction Co.
, and are among Crescent’s largesrt unsecured creditorsin Charlotte. In the Charlotte Business Journal reported that Crescent had adoptedr an aggressive new business strategy driven bya $1.2 billio term loan that must be paid in full by Septemberr 2012 — selling assets at fire-salwe prices. In October, Crescent sold 4,500 acrez in Berkeley County, S.C., to for $40 In December, the company sold a Florida apartmentr projectfor $11.35 million, less than half the $27 millioh it paid for the complex three yearz earlier. This year, the firm has closed on the sale ofa 773-acre tract of land in Oconee County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousingv company for $1.6 million. The company — jointly ownee by and — is best knowh here for high-end real estatre communities such as The Peninsula and BallantynCountry Club. Before the Chaptee 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
sábado, 17 de noviembre de 2012
Frank L. Amodeo sentenced to 22 years behind bars - Tampa Bay Business Journal:
xeconatyxex.blogspot.com
U.S. District Judge John Antoom II Tuesday sentenced the former leaderof , to 22 yearsa and six months in federal prison for conspiring to commit wire fraud, obstructing an agencyg proceeding, impeding the and failingt to remit payroll taxes. Amodeo also will lose more than $1 milliob seized from various accounts as well as three luxury vehicles, commercial real a Learjet and his corporations. Antoon also ordered Amodepo topay $181 the amount prosecutors with the U.S. Attorney’e Office say he owes in payrolltax funds. Amode o to the charges last September.
A one-time player in the failexd Trump TowerTampa project, he reportedly purchased the assets of the 52-story tower along with a seconrd related project in Frank Dagostino, head of the then Trumpl Tower Tampa developer , told the Tampa Bay Businese Journal in October 2007 that whilr there was a handshake deal for Mirabilis to purchase the it was a deal that was never consummated. Amodeo originally faced up to 370 years in prisonm and fines of morethan $6.75 milliom after he and other unnamed executivezs failed to pay the IRS $181. 1 million, including $129.7 million in FICA and withholding taxes. It started with $7.
1 milliobn in the fourth quarter of 2004 with two businesseds hecontrolled — Sunshine Cos. III and Sunshinw Staff Leasing. It then continued over the next two years with for theremainintg $174 million. Investigators at the time of his origina l indictment in August 2008 said Amodeo includex a number of companies in the activity acting as professionapemployee organizations, which woulrd lease employees to other Other companies believed to be involveed in the scheme, according to the U.S. Attorney’xs Office, were , , , , , , , and variouz others.
Last October, were handed down agains many of the companies associated with the They are charged with conspiracyg andwire fraud, and could face fine of up to $400 million.
U.S. District Judge John Antoom II Tuesday sentenced the former leaderof , to 22 yearsa and six months in federal prison for conspiring to commit wire fraud, obstructing an agencyg proceeding, impeding the and failingt to remit payroll taxes. Amodeo also will lose more than $1 milliob seized from various accounts as well as three luxury vehicles, commercial real a Learjet and his corporations. Antoon also ordered Amodepo topay $181 the amount prosecutors with the U.S. Attorney’e Office say he owes in payrolltax funds. Amode o to the charges last September.
A one-time player in the failexd Trump TowerTampa project, he reportedly purchased the assets of the 52-story tower along with a seconrd related project in Frank Dagostino, head of the then Trumpl Tower Tampa developer , told the Tampa Bay Businese Journal in October 2007 that whilr there was a handshake deal for Mirabilis to purchase the it was a deal that was never consummated. Amodeo originally faced up to 370 years in prisonm and fines of morethan $6.75 milliom after he and other unnamed executivezs failed to pay the IRS $181. 1 million, including $129.7 million in FICA and withholding taxes. It started with $7.
1 milliobn in the fourth quarter of 2004 with two businesseds hecontrolled — Sunshine Cos. III and Sunshinw Staff Leasing. It then continued over the next two years with for theremainintg $174 million. Investigators at the time of his origina l indictment in August 2008 said Amodeo includex a number of companies in the activity acting as professionapemployee organizations, which woulrd lease employees to other Other companies believed to be involveed in the scheme, according to the U.S. Attorney’xs Office, were , , , , , , , and variouz others.
Last October, were handed down agains many of the companies associated with the They are charged with conspiracyg andwire fraud, and could face fine of up to $400 million.
martes, 13 de noviembre de 2012
Online University Establishes Scholarship for Members of the Reserves and ... - Sacramento Bee
ejoxot.wordpress.com
Online University Establishes Scholarship for Members of the Reserves and ... Sacramento Bee SALT LAKE CITY, Nov. 12, 2012 -- Scholarship program offers up to $2,000 for service members and their spouses earning a bachelor's or master's degree. SALT LAKE CITY, Nov. 12, 2012 /PRNewswire-USNewswire/ -- Online and accredited Western ... |
lunes, 12 de noviembre de 2012
Aurora Health Care cuts corporate affairs executive's job - The Business Journal of Milwaukee:
ovaluleq.wordpress.com
“Friday is my last Welch said. Welch, whose title is senior vice president ofcorporate affairs, held a meetingh with her 12 department heads Tuesdayg to tell them she was leaving the system and told the almosr 300 other employees who report to her via e-mail. Welcnh would not say how long she has knowhn her job was being eliminated but said Aurorq gaveher “plenty of time to help prepare.” “Aurorsa has been fantastic and I’ve really enjoyed working Welch said. “Now I’m going to star t my job search and look for my next Jeff Squire, Aurora spokesman, said Welch's responsibilities will be handlex by the people who were reportingh to her.
"We took a broad look at the structurw of the organization and decided to consolidate responsibilities and eliminateher position," Squire said. Squire said he is not awarw of any other senior positionse that willbe eliminated. Welch, 46, was hirex by Aurora in August 2007. Her position was createed when Dr. Nick Turkak took over as the Milwaukeehospitaol system’s chief executive officer Oct. 1, 2006. She has been responsibled for communications, government and community relations, and philanthropy functions, all of which were separate department s before shewas hired.
Welch’s arrival at Aurorw was met with some resistance bythe long-timew department heads she was overseeing. Within a few monthss of her appointment three vice presidents and severall other managers were laid off from Those included Paul vice president of government andcommunituy relations; Mary Alice Tierney, vice president of and Nancy Kaufman, vice president of philanthropy. Welcuh purchased a condominium in downtown Milwaukee when she took the positiom at Aurora but has gone home to Michigan ever y other weekend to spend time with herelderly mother.
She said Tuesday she’ll likelty search for a job in Aurora Health Care has 13 hospitals located in easter n Wisconsin and more than 100 clinicsand pharmacies.
“Friday is my last Welch said. Welch, whose title is senior vice president ofcorporate affairs, held a meetingh with her 12 department heads Tuesdayg to tell them she was leaving the system and told the almosr 300 other employees who report to her via e-mail. Welcnh would not say how long she has knowhn her job was being eliminated but said Aurorq gaveher “plenty of time to help prepare.” “Aurorsa has been fantastic and I’ve really enjoyed working Welch said. “Now I’m going to star t my job search and look for my next Jeff Squire, Aurora spokesman, said Welch's responsibilities will be handlex by the people who were reportingh to her.
"We took a broad look at the structurw of the organization and decided to consolidate responsibilities and eliminateher position," Squire said. Squire said he is not awarw of any other senior positionse that willbe eliminated. Welch, 46, was hirex by Aurora in August 2007. Her position was createed when Dr. Nick Turkak took over as the Milwaukeehospitaol system’s chief executive officer Oct. 1, 2006. She has been responsibled for communications, government and community relations, and philanthropy functions, all of which were separate department s before shewas hired.
Welch’s arrival at Aurorw was met with some resistance bythe long-timew department heads she was overseeing. Within a few monthss of her appointment three vice presidents and severall other managers were laid off from Those included Paul vice president of government andcommunituy relations; Mary Alice Tierney, vice president of and Nancy Kaufman, vice president of philanthropy. Welcuh purchased a condominium in downtown Milwaukee when she took the positiom at Aurora but has gone home to Michigan ever y other weekend to spend time with herelderly mother.
She said Tuesday she’ll likelty search for a job in Aurora Health Care has 13 hospitals located in easter n Wisconsin and more than 100 clinicsand pharmacies.
sábado, 10 de noviembre de 2012
Mortgage Rates Surge Late Last Week; 30-Year Fixed Rates Peak Near 5.40% But Fall Over Weekend
iqukikofor.wordpress.com
Mortgage Type Average Rate AverageRate % Changs Week ending 5/31/09 Week ending 5/24/09 30-yea r fixed 5.25% 5.02% 4.6% 15-year fixed 4.78% 4.60 % 3.7% 5-1 ARM 4.48% 4.27% 4.8% Rates dipped slightl over the weekend, but were expectee to climb again during the week. The rate for a 30-yeaer fixed purchase mortgage was 5.28 percenyt on Monday morning. For up-to-the-minute rates, visit . Thirty-year fixed mortgage rates variedxby state. and were the highest, at 5.35 percentr and 5.30 percent, respectively. were the at 5.15 percent. were the most requestedr amongall states. State Average Average 30-yr. % Change Fixed Rate Fixed Rate Weekendint 5/31/09 Week ending 5/24/090 Arizona 5.25% 5.04% 4.
1% California 5.24% 5.00% 4.7% Coloradp 5.23% 5.02% 4.1% Connecticut 5.26%% 4.99% 5.4% Florida 5.19% 4.97% 4.4% Georgia 5.15% 4.93% 4.5% Illinois 5.28% 5.08% 4.0% Maryland 5.35% 5.09% 5.1% Massachusetts 5.30% 5.11% 3.7% Michigan 5.21% 5.01% 3.9% Missouri 5.25% 5.06% 3.8% New Jerse y 5.24% 5.02% 4.4% New York 5.29 % 5.05% 4.7% North Carolina 5.27% 5.07% 3.9% Ohio 5.28% 5.11 % 3.3% Oregon 5.27% 5.03% 4.9% Pennsylvania 5.26% 4.99% 5.3% Texas 5.25% 5.02% 4.5% Virginia 5.23% 4.96% 5.5% Washington 5.24% 4.98% 5.
2% The Zillow Mortgage Rate Monitor is compiledr each week using thousands of mortgage rates quoted on Zillow Mortgag Marketplace by mortgage lenders to borrowers who have submittedx loan requests. State-level data is gatheredc for the top 20 states with the highest quote volumewon Zillow. Learn more . Zillow Mortgage Marketplace isa open, and transparent lending marketplace, wherwe borrowers connect with lenders to find and get the best . Borrowerxs anonymously submit loan requests and receive an unlimitecd number of custom with real rates directlyh from thousands of competing Zillow Mortgage Marketplace alsoprovides , , , and . Zillow.cojm and Zillow are registered trademarksof Inc.
SOURCE Zillow.com
Mortgage Type Average Rate AverageRate % Changs Week ending 5/31/09 Week ending 5/24/09 30-yea r fixed 5.25% 5.02% 4.6% 15-year fixed 4.78% 4.60 % 3.7% 5-1 ARM 4.48% 4.27% 4.8% Rates dipped slightl over the weekend, but were expectee to climb again during the week. The rate for a 30-yeaer fixed purchase mortgage was 5.28 percenyt on Monday morning. For up-to-the-minute rates, visit . Thirty-year fixed mortgage rates variedxby state. and were the highest, at 5.35 percentr and 5.30 percent, respectively. were the at 5.15 percent. were the most requestedr amongall states. State Average Average 30-yr. % Change Fixed Rate Fixed Rate Weekendint 5/31/09 Week ending 5/24/090 Arizona 5.25% 5.04% 4.
1% California 5.24% 5.00% 4.7% Coloradp 5.23% 5.02% 4.1% Connecticut 5.26%% 4.99% 5.4% Florida 5.19% 4.97% 4.4% Georgia 5.15% 4.93% 4.5% Illinois 5.28% 5.08% 4.0% Maryland 5.35% 5.09% 5.1% Massachusetts 5.30% 5.11% 3.7% Michigan 5.21% 5.01% 3.9% Missouri 5.25% 5.06% 3.8% New Jerse y 5.24% 5.02% 4.4% New York 5.29 % 5.05% 4.7% North Carolina 5.27% 5.07% 3.9% Ohio 5.28% 5.11 % 3.3% Oregon 5.27% 5.03% 4.9% Pennsylvania 5.26% 4.99% 5.3% Texas 5.25% 5.02% 4.5% Virginia 5.23% 4.96% 5.5% Washington 5.24% 4.98% 5.
2% The Zillow Mortgage Rate Monitor is compiledr each week using thousands of mortgage rates quoted on Zillow Mortgag Marketplace by mortgage lenders to borrowers who have submittedx loan requests. State-level data is gatheredc for the top 20 states with the highest quote volumewon Zillow. Learn more . Zillow Mortgage Marketplace isa open, and transparent lending marketplace, wherwe borrowers connect with lenders to find and get the best . Borrowerxs anonymously submit loan requests and receive an unlimitecd number of custom with real rates directlyh from thousands of competing Zillow Mortgage Marketplace alsoprovides , , , and . Zillow.cojm and Zillow are registered trademarksof Inc.
SOURCE Zillow.com
viernes, 9 de noviembre de 2012
Clara Gordon, leader of Jewish groups - Washington Post
ejyceh.wordpress.com
Clara Gordon, leader of Jewish groups Washington Post Clara Gordon, 86, a former assistant publisher of Washington Jewish Week who later led a Jewish studies institute, died Oct. 3 at Sibley Memorial Hospital in the District. She had an aortic aneurysm, her daughter, Lisa Gordon, said. Mrs. Gordon, who ... |
miércoles, 7 de noviembre de 2012
martes, 6 de noviembre de 2012
Hall-of-Famers reminisce about Martinsville - Nascar
ibitasony.wordpress.com
Hall-of-Famers reminisce about Martinsville Nascar Four NASCAR Hall-of-Famers who recently sat down at Martinsville Speedway to talk about racing -- Junior Johnson, Ned Jarrett, Dale Inman and Leonard Wood -- answer this week's six questions. 1. Junior, what is one of your favorite memories at the ... |
lunes, 5 de noviembre de 2012
Pedal to Properties takes on partner, plans expansion - The Business Journal of Milwaukee:
ejyceh.wordpress.com
Founded and headed by Matt Kolb, Pedalp to Properties is a residential real estatr firm that gives clients the optio of looking at homesby bicycle. The company maintaina a fleet of 50 ElectrzCruiser bikes. Kolb has sold a 50 percentf stake in the company for an undisclosed sum to attorney Tim who specializes in taking regionalo retailbusinesses national. As a partner in Pedal to Properties, Majors will work out of the company’se Boulder office. Majors, who’es originally from Perth, Australia, approached Kolb abouy investing in the real estate firm after looking at Bouldetr propertiesby bicycle.
“We certainly plan to incorporate national and international branding expertise to expanfd Pedal to Properties in other Kolb said ina statement. Pedall to Properties plans to look at opening branchj officesin other, unspecified U.S. In May, the company launched a licensee designatiojn for brokers interested in usintg theBoulder business’ operational formula in their The Colorado company already is working to expand quickly in its hometowjn by adding more space and agenta in downtown Boulder. “I believe Pedal to Properties is in a perfect positionm to meet the evolving social and demographic changes going on in the United States with Majors said ina statement.
Founded and headed by Matt Kolb, Pedalp to Properties is a residential real estatr firm that gives clients the optio of looking at homesby bicycle. The company maintaina a fleet of 50 ElectrzCruiser bikes. Kolb has sold a 50 percentf stake in the company for an undisclosed sum to attorney Tim who specializes in taking regionalo retailbusinesses national. As a partner in Pedal to Properties, Majors will work out of the company’se Boulder office. Majors, who’es originally from Perth, Australia, approached Kolb abouy investing in the real estate firm after looking at Bouldetr propertiesby bicycle.
“We certainly plan to incorporate national and international branding expertise to expanfd Pedal to Properties in other Kolb said ina statement. Pedall to Properties plans to look at opening branchj officesin other, unspecified U.S. In May, the company launched a licensee designatiojn for brokers interested in usintg theBoulder business’ operational formula in their The Colorado company already is working to expand quickly in its hometowjn by adding more space and agenta in downtown Boulder. “I believe Pedal to Properties is in a perfect positionm to meet the evolving social and demographic changes going on in the United States with Majors said ina statement.
viernes, 2 de noviembre de 2012
Shelton caps huge night at CMAs with entertainer of the year, shares song of ... - Washington Post
hundleyobajoji1908.blogspot.com
Shelton caps huge night at CMAs with entertainer of the year, shares song of ... Washington Post Shelton caps huge night at CMAs with entertainer of the year, shares song of year with Lambert. ( Associated Press ) - Musical group Little Big Town, from left, Jimi Westbrook, Karen Fairchild, Kimberly Schlapman and Phillip Sweet, accept the award for ... | < /tr>
martes, 30 de octubre de 2012
AAA: Travel document requirements intensified - Tampa Bay Business Journal:
hustbelogehy1857.blogspot.com
One new requirement means all travelers must be able to presenyt an official passport book or another travelo document approved bythe . Forms of identification that were previouslty accepted at land crossings such as voter registrationj cards and birth will no longer be acceptablr to gain entryor re-entry to the United States, the release said. Beginning June 1, citizens returning home from Canada, the Caribbean or Bermuda by land or sea will be requiredd to have avalid passport, passporyt card or other travel documents approved by the U.S. Department of Homeland Security pertaining to specific populations and For cruiseship passengers, U.S.
citizends on closed-loop cruises (cruises that begin and end at thesame U.S. will be able to entere or depart the country with a birth certificatedand government-issued photo ID. Travelers may still be requiredr to present a passportt to enter the countriews the cruise shipis “A U.S. passport is, withouyt exception, the best form of identification for travel anywheres inthe world,” said Jim Sweat, managing AAA Travel Agency Services in the release. “We stronglyh recommend that anyone considering travel outside ofthe U.S. secures a new passport if they do nothave one; or, rene the one they if need be, for their own peace of mind.
” It’sa a buyer’s market for summer traveol but the new rules couldx hamper plans, AAA said.
One new requirement means all travelers must be able to presenyt an official passport book or another travelo document approved bythe . Forms of identification that were previouslty accepted at land crossings such as voter registrationj cards and birth will no longer be acceptablr to gain entryor re-entry to the United States, the release said. Beginning June 1, citizens returning home from Canada, the Caribbean or Bermuda by land or sea will be requiredd to have avalid passport, passporyt card or other travel documents approved by the U.S. Department of Homeland Security pertaining to specific populations and For cruiseship passengers, U.S.
citizends on closed-loop cruises (cruises that begin and end at thesame U.S. will be able to entere or depart the country with a birth certificatedand government-issued photo ID. Travelers may still be requiredr to present a passportt to enter the countriews the cruise shipis “A U.S. passport is, withouyt exception, the best form of identification for travel anywheres inthe world,” said Jim Sweat, managing AAA Travel Agency Services in the release. “We stronglyh recommend that anyone considering travel outside ofthe U.S. secures a new passport if they do nothave one; or, rene the one they if need be, for their own peace of mind.
” It’sa a buyer’s market for summer traveol but the new rules couldx hamper plans, AAA said.
lunes, 29 de octubre de 2012
China's fleets continue routine patrols around Diaoyu Islands - Xinhua
jiqatili.wordpress.com
China's fleets continue routine patrols around Diaoyu Islands Xinhua BEIJING, Oct. 29 (Xinhuanet) -- China's marine surveillance vessels continued routine patrols and law enforcement activities on Sunday in territorial waters around the Diaoyu Islands in the East China Sea. 4 China Marine Surveillance ships spotted ... |
sábado, 27 de octubre de 2012
Alder Foods CEO offers free housing for GI families - Boston Business Journal:
eragywaqer.wordpress.com
Still, the wartime growth of this Walpole-based companyh is not what’s most remarkable. It’s the passion of CEO Michellse Keating to completea 20-suits home in West Roxbury that will provide free housing for militaruy families whose loved ones are injured in combat and flown back to the United States for extensiv medical care at the nearby Veterans Affairs hospital. Keatinhg is leading the charge toraise $3 millionm for the completion of which broke ground last fall with a total expectec price tag of $6 million. Aldef Foods is what Keating does, but this projecyt is what she loves. “I have takeb it seriously to find ways to give Keating said.
For those who arguew that military contractors have a duty to support charities that help troopdand veterans, Keating readily agrees. “It’s their way of sayinbg they support the men and women who are fightinv forour freedom.” Founded 45 years ago by her Paul M. Keating Sr., Alder Foods buys provisiones directly from majorlabels — such as Stonyfields Farms, Organic Valley and Lactaide — and sells them to the military. Sincr 2000, the company has been awarded $175.3 million in contracts by the Defense Commissary Agency and its botto m line has grownfrom $16 million to $45 million a “small but profitable company,” Keating calls it.
Keatingf has made philanthropy a corporate priority and Alder Foods has donater closeto $500,000 over the past nine yearsx to a variety of military-relates charitable causes, Keating said. She directs her philanthropic energyh these days toward FisherHouse Boston, workingf with a local board of directors. They have raisefd $700,000 for the building, with one of the most substantialo donations beinga $100,000 commitment from The remaindee of the money came through a December which raised $200,000, and a series of smallert donations, Keating said. Located on the VA medical center properthy inWest Roxbury, Fisher House will be the firstg of its kind in New England.
Completiob is slated for A national nonprofit organization basedin Baltimore, Fishe House has built 43 multisuitd homes nationwide and, as part of its looks to the localp community to raise money for half of its construction Before Fisher House breaks ground on new it reaches an agreement with a brancyh of the military — Army, Navy, Air Forcde or the — that will assume ongoing fundintg and manage the site’s operation. In the case of Fisher House Veterans Affairs willtake responsibility. If Fishef House Boston is unable toraise $3 milliohn for the West Roxbury project, the national Fisher House organization would provide the rest, said Jim Fisher House spokesman.
Public service announcements and fundraisers are planned for thecomingh months, and Fisher House Bostoh has sent donation requests to hundreds of “I’ve gone to Fisher houses and they’rer amazing places,” Keating said. “There have been thousands and thousands of men and womej who comeback injured. They’rs not in the hospital for a week. They’re in for a long
Still, the wartime growth of this Walpole-based companyh is not what’s most remarkable. It’s the passion of CEO Michellse Keating to completea 20-suits home in West Roxbury that will provide free housing for militaruy families whose loved ones are injured in combat and flown back to the United States for extensiv medical care at the nearby Veterans Affairs hospital. Keatinhg is leading the charge toraise $3 millionm for the completion of which broke ground last fall with a total expectec price tag of $6 million. Aldef Foods is what Keating does, but this projecyt is what she loves. “I have takeb it seriously to find ways to give Keating said.
For those who arguew that military contractors have a duty to support charities that help troopdand veterans, Keating readily agrees. “It’s their way of sayinbg they support the men and women who are fightinv forour freedom.” Founded 45 years ago by her Paul M. Keating Sr., Alder Foods buys provisiones directly from majorlabels — such as Stonyfields Farms, Organic Valley and Lactaide — and sells them to the military. Sincr 2000, the company has been awarded $175.3 million in contracts by the Defense Commissary Agency and its botto m line has grownfrom $16 million to $45 million a “small but profitable company,” Keating calls it.
Keatingf has made philanthropy a corporate priority and Alder Foods has donater closeto $500,000 over the past nine yearsx to a variety of military-relates charitable causes, Keating said. She directs her philanthropic energyh these days toward FisherHouse Boston, workingf with a local board of directors. They have raisefd $700,000 for the building, with one of the most substantialo donations beinga $100,000 commitment from The remaindee of the money came through a December which raised $200,000, and a series of smallert donations, Keating said. Located on the VA medical center properthy inWest Roxbury, Fisher House will be the firstg of its kind in New England.
Completiob is slated for A national nonprofit organization basedin Baltimore, Fishe House has built 43 multisuitd homes nationwide and, as part of its looks to the localp community to raise money for half of its construction Before Fisher House breaks ground on new it reaches an agreement with a brancyh of the military — Army, Navy, Air Forcde or the — that will assume ongoing fundintg and manage the site’s operation. In the case of Fisher House Veterans Affairs willtake responsibility. If Fishef House Boston is unable toraise $3 milliohn for the West Roxbury project, the national Fisher House organization would provide the rest, said Jim Fisher House spokesman.
Public service announcements and fundraisers are planned for thecomingh months, and Fisher House Bostoh has sent donation requests to hundreds of “I’ve gone to Fisher houses and they’rer amazing places,” Keating said. “There have been thousands and thousands of men and womej who comeback injured. They’rs not in the hospital for a week. They’re in for a long
viernes, 26 de octubre de 2012
Neil Young's 'Waging Heavy Peace' - New York Times
sucujovide.wordpress.com
Globe and Mail | Neil Young's 'Waging Heavy Peace' New York Times Neil Young is the kind of cantankerous, multitasking rocker Preston Sturges would have dreamed up, if Sturges had lived to see hippies descend on the Sunset Strip. There's Young the sloppy musical perfectionist, the ebullient fatalist, the inscrutable ... Review of Neil Young's 'Psychedelic Pill' Music Review: Neil Young & Crazy Horse - Psychedelic Pill Neil Young's rambling-man act yields mixed results Add to ... |
jueves, 25 de octubre de 2012
martes, 23 de octubre de 2012
Stark founders buying Deephaven hedge fund - Minneapolis / St. Paul Business Journal:
ra-iwinyro.blogspot.com
have agreed to buy the hedge fund businessa from Knight Capital Group for upto $44.5 million. Brian Starik and Mike Roth, who lead Stark Investments, will pay an initia $7.3 million for assets in Minn.-based Deephaven’s Global Multi-Strategy Funds. The payment coul reach up to $37.2 millio n more depending on the amount of investors in Deephave who decide to roll assets into fundsw managed by Stark and how those assets performm over the next two Stark Investments hasabout $10 billion in assets undee management. Deephaven suspended withdrawals fromits $1.6 billion Deephaven Global Multi-Strategy fund Oct. 30, after investors sought to redeem some 30 percent of assetsunder management.
The fund at one time manage nearly $3 billion, but sustained heavy withdrawals in 2008 after recordinvg losses of about32 (NASDAQ: NITE) of Jersey City, owns 51 percent of Deephaven. Knight has expressed disappointmeny overthe fund’s performance, and last year. Knighft said in a statement that the assetes are being soldoff "with the goal of protectinh the interests of Deephaven investorw in the current Completion of the transaction is subject to approvalo of investors representing at least a majority of the assetes under management in the Global Multi-Strategy Fund.
have agreed to buy the hedge fund businessa from Knight Capital Group for upto $44.5 million. Brian Starik and Mike Roth, who lead Stark Investments, will pay an initia $7.3 million for assets in Minn.-based Deephaven’s Global Multi-Strategy Funds. The payment coul reach up to $37.2 millio n more depending on the amount of investors in Deephave who decide to roll assets into fundsw managed by Stark and how those assets performm over the next two Stark Investments hasabout $10 billion in assets undee management. Deephaven suspended withdrawals fromits $1.6 billion Deephaven Global Multi-Strategy fund Oct. 30, after investors sought to redeem some 30 percent of assetsunder management.
The fund at one time manage nearly $3 billion, but sustained heavy withdrawals in 2008 after recordinvg losses of about32 (NASDAQ: NITE) of Jersey City, owns 51 percent of Deephaven. Knight has expressed disappointmeny overthe fund’s performance, and last year. Knighft said in a statement that the assetes are being soldoff "with the goal of protectinh the interests of Deephaven investorw in the current Completion of the transaction is subject to approvalo of investors representing at least a majority of the assetes under management in the Global Multi-Strategy Fund.
lunes, 22 de octubre de 2012
Liquidity party restarts in Hong Kong - MarketWatch
fusajacuxejilyp.blogspot.com
Liquidity party restarts in Hong Kong MarketWatch The Hong Kong Monetary Authority (HKMA) spent $603 million selling Hong Kong dollars to keep the currency within its permitted band â€" its first intervention since 2009. Renewed risk appetite after signs of stabilization in the euro zone and better ... |
domingo, 21 de octubre de 2012
MMAC: Milwaukee-area economy still sluggish - South Florida Business Journal:
uqudenlid.blogspot.com
Only three of 20 April indicatorsd registered improvementfrom year-ago levels, matchingv the number of upward-pointing indicatorss recorded in March, the MMAC said in its Economic Trendes report. "The employment situation continued to deteriorate with deepeningg job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existing homes sales rose for only the secon d time in nearly three years giving some hope for near-term improvement in a stagnant local housing and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprikl to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-ag levels in each of the past 12 with April’s decline being the steepest registered in this period, the MMAC Only two of 10 major industry sectorx registered April job gains compared with one year ago, whilee eight registered declines. Unemployment indicators for the metro area both measuref more than twicetheir year-earlietr levels. The number of unemployed in metro Milwaukeserose 117.6% against year-ago levels, to 70,300 compared with 32,300 in April 2008. Likewise, new unemployment compensationb claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-yearf increase of 100 percent or greater. On the positivr side, existing homes sales for the metrpo arearose 5.6 percent in April, the first year-over-yeart increase in this indicator in seven months and only the secondx such gain in nearly three years.
Only three of 20 April indicatorsd registered improvementfrom year-ago levels, matchingv the number of upward-pointing indicatorss recorded in March, the MMAC said in its Economic Trendes report. "The employment situation continued to deteriorate with deepeningg job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existing homes sales rose for only the secon d time in nearly three years giving some hope for near-term improvement in a stagnant local housing and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprikl to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-ag levels in each of the past 12 with April’s decline being the steepest registered in this period, the MMAC Only two of 10 major industry sectorx registered April job gains compared with one year ago, whilee eight registered declines. Unemployment indicators for the metro area both measuref more than twicetheir year-earlietr levels. The number of unemployed in metro Milwaukeserose 117.6% against year-ago levels, to 70,300 compared with 32,300 in April 2008. Likewise, new unemployment compensationb claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-yearf increase of 100 percent or greater. On the positivr side, existing homes sales for the metrpo arearose 5.6 percent in April, the first year-over-yeart increase in this indicator in seven months and only the secondx such gain in nearly three years.
viernes, 19 de octubre de 2012
FKI wins $46 million in contracts in past month - St. Louis Business Journal:
sasutezew.blogspot.com
The contract is one of thred airport jobs that the city of Atlanta has awardeeFKI Logistex. The St. Louis-bases company also won a $24 million contrac in September to installa mail-sorting and distributionh system at the John F. Kennedy International Airporr inNew York. FKI Logistex is the Nort h American arm ofFKI PLC, a $2.5 billion-in-revenue publiclh traded British engineering conglomerate. FKI Logistex has annual salesz ofabout $450 The latest FKI Logistex contracts come afted FKI PLC reorganized the division in May, movecd its headquarters to St. Louis from Kentucky, and namedd Stephen Ackerman asits president.
Ackerman, an engineer, was presidenyt of FKI's Alvey Systems unit prio to the promotion. As part of the FKI combined its eight subsidiaries in the United including Alvey, Buschman Mathews Conveyor and Crisplant Inc., to create one North Americanj division. The British company begam its operationin St. Louisd in 1999, when it acquireds Pinnacle Automation Inc., then Alvey's parent company, for about $22.5 million. Ackermanj said FKI Logistex is seeing increasing work as airports around the nation installl new screening systems designerd to detect explosives in luggage and packagesw before they are loadesdinto airplanes.
The contracts are good news as FKI, like other capitalk equipment manufacturing firms acrossthe nation, workse to recover from the economic downturn that put a dampe r on spending, Ackerman said. The assignments will help keep staffinyg stableat FKI, which employs about 600 peoplr in St. Louis and an additional 1,3009 in other North Americanh cities, Ackerman said. FKI Logistex'e business is organized in threemain divisions: warehouse and manufacturing systems operations; and airport, post and parce l operations. The manufacturing operation is basedin St. Louisz and makes a wide range of including conveyors and palletizers used to move goode in warehouses andmanufacturing plants.
While FKI Logistex continue to grow, it faces stiff competition from globao players in thelogistics industry, including HK Systems Inc., headquartered in New Wis.; Siemens AG based in Germany; and Osaka, Japan-based Daifukhu Co. Ltd. HK, for launched a radio frequencyidentificatiom (RFID) system that major retailers, such as Wal-Mart, and the U.S Department of Defense have begun using. RFID which FKI Logistex also is developing, enables companiesz and other organizations to track the movemenft of merchandise and supplies on computers that receivw data from electronic chips embedded in speciak labels that are stuck on packagesor pallets.
The electronic chipsd in RFID labels emit radio signals that contaim informationabout goods, similar to bar codes. However, unliks bar code systems, an RFID readert does not require a direct line of sight to collecr data because it uses radio signalds rather thanlaser light.
The contract is one of thred airport jobs that the city of Atlanta has awardeeFKI Logistex. The St. Louis-bases company also won a $24 million contrac in September to installa mail-sorting and distributionh system at the John F. Kennedy International Airporr inNew York. FKI Logistex is the Nort h American arm ofFKI PLC, a $2.5 billion-in-revenue publiclh traded British engineering conglomerate. FKI Logistex has annual salesz ofabout $450 The latest FKI Logistex contracts come afted FKI PLC reorganized the division in May, movecd its headquarters to St. Louis from Kentucky, and namedd Stephen Ackerman asits president.
Ackerman, an engineer, was presidenyt of FKI's Alvey Systems unit prio to the promotion. As part of the FKI combined its eight subsidiaries in the United including Alvey, Buschman Mathews Conveyor and Crisplant Inc., to create one North Americanj division. The British company begam its operationin St. Louisd in 1999, when it acquireds Pinnacle Automation Inc., then Alvey's parent company, for about $22.5 million. Ackermanj said FKI Logistex is seeing increasing work as airports around the nation installl new screening systems designerd to detect explosives in luggage and packagesw before they are loadesdinto airplanes.
The contracts are good news as FKI, like other capitalk equipment manufacturing firms acrossthe nation, workse to recover from the economic downturn that put a dampe r on spending, Ackerman said. The assignments will help keep staffinyg stableat FKI, which employs about 600 peoplr in St. Louis and an additional 1,3009 in other North Americanh cities, Ackerman said. FKI Logistex'e business is organized in threemain divisions: warehouse and manufacturing systems operations; and airport, post and parce l operations. The manufacturing operation is basedin St. Louisz and makes a wide range of including conveyors and palletizers used to move goode in warehouses andmanufacturing plants.
While FKI Logistex continue to grow, it faces stiff competition from globao players in thelogistics industry, including HK Systems Inc., headquartered in New Wis.; Siemens AG based in Germany; and Osaka, Japan-based Daifukhu Co. Ltd. HK, for launched a radio frequencyidentificatiom (RFID) system that major retailers, such as Wal-Mart, and the U.S Department of Defense have begun using. RFID which FKI Logistex also is developing, enables companiesz and other organizations to track the movemenft of merchandise and supplies on computers that receivw data from electronic chips embedded in speciak labels that are stuck on packagesor pallets.
The electronic chipsd in RFID labels emit radio signals that contaim informationabout goods, similar to bar codes. However, unliks bar code systems, an RFID readert does not require a direct line of sight to collecr data because it uses radio signalds rather thanlaser light.
jueves, 18 de octubre de 2012
FOREX-Euro falls vs dollar; US jobless claims data weak - Reuters
ovaluleq.wordpress.com
FOREX-Euro falls vs dollar; US jobless claims data weak Reuters Solid Spain bond auction lifts euro to 5-mth high versus yen. * Euro falls against dollar but still close to 1-month peak. * China growth, other data in line with or above forecasts. * Dollar reaches 2-month high versus yen. NEW YORK, Oct 18 (Reuters ... |
martes, 16 de octubre de 2012
Clear Channel International gains new CEO - Dallas Business Journal:
eragywaqer.wordpress.com
William Eccleshare will lead CleadrChannel International, effective September 2009. In this role, Ecclesharew will be responsible for all ofthe company’d businesses outside of the He will report to Clear Channel Outdoor CEO Mark Clear Channel has ownership of five Dallasz stations — KDGE-FM KDMX-FM (102.9); KEGL-FM (97.1); KHKS-FM (106.1); and KZPS-FMM (93.5). Eccleshare is coming to Cleafr Channel fromBBDO Europe, where he was chairmam and CEO of one of the world’s leading marketinvg communications agencies. At BBDO Europe, he had oversight of all BBDO’e advertising, direct marketing, digital and public relations agenciew in44 countries.
“William brings a wealtyh of experience and an unparalleled traci record of successfully creating valuse in a number ofentrepreneuriakl roles, and we are exceptionallu pleased to welcome him to the Mays says. “As we continuwe efforts to expand ourpresence internationally, we are confideng that William’s extensive expertise and leadership will help us reac our goals,” he adds. Clear Channelo Communications (OTCBB: CCMO) is a global media and entertainmenf company based inSan Antonio.
William Eccleshare will lead CleadrChannel International, effective September 2009. In this role, Ecclesharew will be responsible for all ofthe company’d businesses outside of the He will report to Clear Channel Outdoor CEO Mark Clear Channel has ownership of five Dallasz stations — KDGE-FM KDMX-FM (102.9); KEGL-FM (97.1); KHKS-FM (106.1); and KZPS-FMM (93.5). Eccleshare is coming to Cleafr Channel fromBBDO Europe, where he was chairmam and CEO of one of the world’s leading marketinvg communications agencies. At BBDO Europe, he had oversight of all BBDO’e advertising, direct marketing, digital and public relations agenciew in44 countries.
“William brings a wealtyh of experience and an unparalleled traci record of successfully creating valuse in a number ofentrepreneuriakl roles, and we are exceptionallu pleased to welcome him to the Mays says. “As we continuwe efforts to expand ourpresence internationally, we are confideng that William’s extensive expertise and leadership will help us reac our goals,” he adds. Clear Channelo Communications (OTCBB: CCMO) is a global media and entertainmenf company based inSan Antonio.
lunes, 15 de octubre de 2012
Struever Bros. Eccles & Rouse stops work on Baltimore projects - Charlotte Business Journal:
lehoquvuhu.wordpress.com
It’s part of the prolifid and nationallyknown builder’s decisioh to ride out the recession as a for-fee consultant and contractoe and extends to most of its projects from New Englanf to North Carolina, company CEO C. William “Bill” Struevedr said. Struever, who pioneered the idea of Baltimore’s waterfronyt as a “Digital Harbor” and home for high-tech businesses, said he was forced into the positiobn by mounting debts and the inabilityg to borrow money tofinance projects. Those he said, developed more quickly than he expected due to the economic downturn and nationwidecredit crunch. Baltimore-based Struever Bros.
has significantl reduced its work force in response tothe shift, and now employx fewer than 100 people. “I’m a joyful, optimistic guy; that’s why I’ m in trouble,” Struever said. “I nevere would have guessed how hard it was going to be to get financingh forthose projects.” The companyt has amassed more than $10 million in debtsx and loan defaults, according to court and like competitors in the downturn, it is havin g trouble raising money to fuel its developments.
Acrossd Baltimore, developers have put the brakes on project s for a lack of financing andmarket demand, includingv two planned skyscrapers alongf the Inner Harbor and several residential For Struever Bros., those problemxs date back to its inability to raise funds for a condominium project called the Olmsted in Baltimore’sz Charles Village neighborhood. From there, the company developed a plan to raiser money by bringing on equity partners and sellingoff assets. But as the economyu worsened, Struever Bros. found it was unabler to attractnew partners.
And as the creditt markets seized up, it found it couldn’t find buyerse for its properties or lendersd to borrow money or refinanceits debts. Those factord contributed to Struever Bros.’ decision last month to step down as an equityh partner inState Center, the $1.4 billiobn planned redevelopment of a midtown Baltimore state officee complex. It also has reduced its stake ina $1.5 billio n Southwest Washington, D.C., waterfront redevelopment and is renegotiating with H&S Properties Developmentt Corp. its role in Harbor Point. Harboer Point is a forme chrome plant on which Struever workedwith H&S Propertiesw for nearly a decade to remake into a 1.
8 million-square-footg mixed-use development. The two firms spenty more than $3 million preparing the site for developmentr and anestimated $22.8 million to build the first structure, a 240,000-square-foogt office building to be partially occupied by financial firm Morganh Stanley. That building is slatedd for completion in the firstquarte 2010. Christopher H. Janian, H&w Properties’ assistant development manager, confirmed Strueve r Bros. is seeking a change from its role as equity partner in the He referred questions about those talksto H&S Properties President Michaeo S. Beatty, who could not be reached for comment.
Janianb said H&S Properties stil l plans to develop other partz ofHarbor Point, but the project’s next two structures, a 350-unity apartment building and a four-star Westin hotel, are on hold for at least two more years until the economy Many of Struever Bros.’ projects involved bringint new businesses and jobs into the communities wherew they were focused. Those include keeping Legg Mason in Baltimorw in a new headquarters atHarbor East, creatin g more office space at Harbor Point for Morga Stanley, and luring Humanim from Howard County to the American Brewery building in East “They’ve done some wonderful projectds that I don’t know anybodhy else would have done; certainly Clipper Mill comes to mind,” said Baltimore Development Corp.
President M.J. “Jay” who has known Struever since the 1970s when Struever was a budding contracting firm and Brodiewas Baltimore’s housing commissioner. “Io know they’ve been struggling. I don’tf know what the end result will be. It’s my hope that they survivde this very difficult economic situation because I thinjk they can still do somegood things.” The move from developmentg to fee-based work hasn’t been without its heartbreak for Struever, regardede by former employees, colleagues and city officials as a visionaruy and leader of urban redevelopment projects.
He relished his role takingt on these projects such asState Center, which featured many of the common elements at otherd Struever projects like green building, transit-oriented urban redevelopment and job retention. Strueverd said he expects to complete work on all itsexisting projects, including the conversion of a formetr Overflo storage warehouse in Locust Poin t into new office, retail and showroom space for its marquede Tide Point tenant, Under Armour Inc. But it does not expecgt to take on any new as either an equity partner or lead and Struever is instead focusin g on working with its creditors and paying downits “I’m getting projects finished and people paid.
Nighft and day, that’s my No. 1 priority,” Struevedr said. “I feel in my heart the obligation to getpeoples paid.” It’s not the firstt recession Struever said he has been through. But he said it is the deepesg he’s seen, and he’s hoping his firm can once agai survive the recession by stepping out of the development businese and focusingon fee-based work consulting and contractiny for developers in better financial standing. In that Struever Bros. will serve as a consultant to the new State Centeredevelopment team. It is also serving as a contractotr to the National Aquarium in Baltimore for its Middlwe Branchexpansion project.
Struever said he hopes to avoixd bankruptcy by running aleaner company. “It’ss tough times, and there’s no he said. Through layoffs or resignations, the ranks of Struever employees has dwindled from more than 350 employees fewerdthan 100. It’s lost several key memberx of itsdevelopment team, including Fran who oversaw the company’s sustainability and preservatiojn initiatives, and Tim a development director overseeingb Struever Bros.’ now-tabled planws to expand Tide Point. Dominic Wikeer left Struever Bros.
in November 2007, afterf five years handling developmenyt projects including Charles Centefr andthe ill-fated former Olmsted condominium projecf in Charles Village. Struever Bros. halted the Olmstecd project whenthe city’s condominium market slumped, and the companyg sold the property to Johns Hopkinsx University for $12.5 million May 7. Wiker now work for Pikesville developer Mark Sappersteihn on the redevelopment of McHenry Row inLocustg Point. He has kept an eye on the company since he and said he hopes Struever is able to recover from itsfinancia challenges. “It was a tremendously exciting it’s just a great learning environment,” Wiker said.
“Bill undertooik some very challenging projects. They were challenginy even in the bestof times.”
It’s part of the prolifid and nationallyknown builder’s decisioh to ride out the recession as a for-fee consultant and contractoe and extends to most of its projects from New Englanf to North Carolina, company CEO C. William “Bill” Struevedr said. Struever, who pioneered the idea of Baltimore’s waterfronyt as a “Digital Harbor” and home for high-tech businesses, said he was forced into the positiobn by mounting debts and the inabilityg to borrow money tofinance projects. Those he said, developed more quickly than he expected due to the economic downturn and nationwidecredit crunch. Baltimore-based Struever Bros.
has significantl reduced its work force in response tothe shift, and now employx fewer than 100 people. “I’m a joyful, optimistic guy; that’s why I’ m in trouble,” Struever said. “I nevere would have guessed how hard it was going to be to get financingh forthose projects.” The companyt has amassed more than $10 million in debtsx and loan defaults, according to court and like competitors in the downturn, it is havin g trouble raising money to fuel its developments.
Acrossd Baltimore, developers have put the brakes on project s for a lack of financing andmarket demand, includingv two planned skyscrapers alongf the Inner Harbor and several residential For Struever Bros., those problemxs date back to its inability to raise funds for a condominium project called the Olmsted in Baltimore’sz Charles Village neighborhood. From there, the company developed a plan to raiser money by bringing on equity partners and sellingoff assets. But as the economyu worsened, Struever Bros. found it was unabler to attractnew partners.
And as the creditt markets seized up, it found it couldn’t find buyerse for its properties or lendersd to borrow money or refinanceits debts. Those factord contributed to Struever Bros.’ decision last month to step down as an equityh partner inState Center, the $1.4 billiobn planned redevelopment of a midtown Baltimore state officee complex. It also has reduced its stake ina $1.5 billio n Southwest Washington, D.C., waterfront redevelopment and is renegotiating with H&S Properties Developmentt Corp. its role in Harbor Point. Harboer Point is a forme chrome plant on which Struever workedwith H&S Propertiesw for nearly a decade to remake into a 1.
8 million-square-footg mixed-use development. The two firms spenty more than $3 million preparing the site for developmentr and anestimated $22.8 million to build the first structure, a 240,000-square-foogt office building to be partially occupied by financial firm Morganh Stanley. That building is slatedd for completion in the firstquarte 2010. Christopher H. Janian, H&w Properties’ assistant development manager, confirmed Strueve r Bros. is seeking a change from its role as equity partner in the He referred questions about those talksto H&S Properties President Michaeo S. Beatty, who could not be reached for comment.
Janianb said H&S Properties stil l plans to develop other partz ofHarbor Point, but the project’s next two structures, a 350-unity apartment building and a four-star Westin hotel, are on hold for at least two more years until the economy Many of Struever Bros.’ projects involved bringint new businesses and jobs into the communities wherew they were focused. Those include keeping Legg Mason in Baltimorw in a new headquarters atHarbor East, creatin g more office space at Harbor Point for Morga Stanley, and luring Humanim from Howard County to the American Brewery building in East “They’ve done some wonderful projectds that I don’t know anybodhy else would have done; certainly Clipper Mill comes to mind,” said Baltimore Development Corp.
President M.J. “Jay” who has known Struever since the 1970s when Struever was a budding contracting firm and Brodiewas Baltimore’s housing commissioner. “Io know they’ve been struggling. I don’tf know what the end result will be. It’s my hope that they survivde this very difficult economic situation because I thinjk they can still do somegood things.” The move from developmentg to fee-based work hasn’t been without its heartbreak for Struever, regardede by former employees, colleagues and city officials as a visionaruy and leader of urban redevelopment projects.
He relished his role takingt on these projects such asState Center, which featured many of the common elements at otherd Struever projects like green building, transit-oriented urban redevelopment and job retention. Strueverd said he expects to complete work on all itsexisting projects, including the conversion of a formetr Overflo storage warehouse in Locust Poin t into new office, retail and showroom space for its marquede Tide Point tenant, Under Armour Inc. But it does not expecgt to take on any new as either an equity partner or lead and Struever is instead focusin g on working with its creditors and paying downits “I’m getting projects finished and people paid.
Nighft and day, that’s my No. 1 priority,” Struevedr said. “I feel in my heart the obligation to getpeoples paid.” It’s not the firstt recession Struever said he has been through. But he said it is the deepesg he’s seen, and he’s hoping his firm can once agai survive the recession by stepping out of the development businese and focusingon fee-based work consulting and contractiny for developers in better financial standing. In that Struever Bros. will serve as a consultant to the new State Centeredevelopment team. It is also serving as a contractotr to the National Aquarium in Baltimore for its Middlwe Branchexpansion project.
Struever said he hopes to avoixd bankruptcy by running aleaner company. “It’ss tough times, and there’s no he said. Through layoffs or resignations, the ranks of Struever employees has dwindled from more than 350 employees fewerdthan 100. It’s lost several key memberx of itsdevelopment team, including Fran who oversaw the company’s sustainability and preservatiojn initiatives, and Tim a development director overseeingb Struever Bros.’ now-tabled planws to expand Tide Point. Dominic Wikeer left Struever Bros.
in November 2007, afterf five years handling developmenyt projects including Charles Centefr andthe ill-fated former Olmsted condominium projecf in Charles Village. Struever Bros. halted the Olmstecd project whenthe city’s condominium market slumped, and the companyg sold the property to Johns Hopkinsx University for $12.5 million May 7. Wiker now work for Pikesville developer Mark Sappersteihn on the redevelopment of McHenry Row inLocustg Point. He has kept an eye on the company since he and said he hopes Struever is able to recover from itsfinancia challenges. “It was a tremendously exciting it’s just a great learning environment,” Wiker said.
“Bill undertooik some very challenging projects. They were challenginy even in the bestof times.”
domingo, 14 de octubre de 2012
Emeryville office complex sets new sale-price record - San Francisco Business Times:
cicugaha.wordpress.com
TMG is based in San Francisco and owned Bay Centerfwith , also of San Francisco. Harvest, of Emeryville, boughf Bay Center in partnership with Principap Real Estate Investors ofDes Iowa. The three-building, 328,000-square-foot Bay Centefr was best known as the home to database firm beforwe the company moved to Dublib fiveyears ago. It is now home to Novartis, Mobitv, and . The deal is worthg upwards of $365 per square eclipsing the $340-per-square foot sale of Emeryville'x Watergate Office Towers to last Seller was believed to have set a city record with both the totaoland per-square-foot value of the $394 million TMG confirmed the Bay Center but declined to give pricing, which was supplied by a source with knowledge of the deal.
Brian a partner at TMG, said the center is now 85 percent leased following improvements and a decision to chop up some spacs into smaller suites rangingfrom 1,100 to 5,009 square feet, a size appropriate to startups drawh by Emeryville's strong ecosystem of biotech and digital entertainment companies. "That really helped us, particularlty in the slower times, get it leased Fleming said. A team led by Bob Gilley handlerd the listingand sale.
TMG is based in San Francisco and owned Bay Centerfwith , also of San Francisco. Harvest, of Emeryville, boughf Bay Center in partnership with Principap Real Estate Investors ofDes Iowa. The three-building, 328,000-square-foot Bay Centefr was best known as the home to database firm beforwe the company moved to Dublib fiveyears ago. It is now home to Novartis, Mobitv, and . The deal is worthg upwards of $365 per square eclipsing the $340-per-square foot sale of Emeryville'x Watergate Office Towers to last Seller was believed to have set a city record with both the totaoland per-square-foot value of the $394 million TMG confirmed the Bay Center but declined to give pricing, which was supplied by a source with knowledge of the deal.
Brian a partner at TMG, said the center is now 85 percent leased following improvements and a decision to chop up some spacs into smaller suites rangingfrom 1,100 to 5,009 square feet, a size appropriate to startups drawh by Emeryville's strong ecosystem of biotech and digital entertainment companies. "That really helped us, particularlty in the slower times, get it leased Fleming said. A team led by Bob Gilley handlerd the listingand sale.
viernes, 12 de octubre de 2012
Carolina makes most of modest pass game - ESPN (blog)
hundleyobajoji1908.blogspot.com
Carolina makes most of modest pass game ESPN (blog) Carolina makes most of modest pass game. October, 12, 2012. Oct 12. 4:54. PM ET. By ESPN Stats & Information | ESPN.com. Recommend0 · Tweet0 · Comments0 · Email · Print. Getty Images Les Miles (left) looks to help his Tigers continue the nation's ... |
jueves, 11 de octubre de 2012
Inmark moves to Avondale from Pinson - Dallas Business Journal:
cicugaha.wordpress.com
Real estate firm said the plasticv containers and packaging compantyleased 23,625 square feet of office and warehouse spacwe at the park in Avondale. The company has been in its currenyt location in Pinson Valley for more than20 years. Jack Key of Grahamj represented Inmark and Brad Moffat of representecdthe landlord. Graham said broker Walter Brownb has the listing on morethan 410,000 square feet of sublease spacs at the Colonnade in AT&T’sd vacant South Tower building. Radiology Associates reneweed its 4,669-square-foot lease at Vestavia Centre. Brown represented the landlord in the renewed its lease in Calera and Decoma Modular Systems renewed its leasdein McCalla.
Combined, the two companies occupyt morethan 270,000 square feet of space in Grahamn & Co. developments. The renewals were handled by Graham brokers Sonny Culp and Ogden Deaton.
Real estate firm said the plasticv containers and packaging compantyleased 23,625 square feet of office and warehouse spacwe at the park in Avondale. The company has been in its currenyt location in Pinson Valley for more than20 years. Jack Key of Grahamj represented Inmark and Brad Moffat of representecdthe landlord. Graham said broker Walter Brownb has the listing on morethan 410,000 square feet of sublease spacs at the Colonnade in AT&T’sd vacant South Tower building. Radiology Associates reneweed its 4,669-square-foot lease at Vestavia Centre. Brown represented the landlord in the renewed its lease in Calera and Decoma Modular Systems renewed its leasdein McCalla.
Combined, the two companies occupyt morethan 270,000 square feet of space in Grahamn & Co. developments. The renewals were handled by Graham brokers Sonny Culp and Ogden Deaton.
miércoles, 10 de octubre de 2012
Shippers: What recession? - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
Ltd.’s unveiling of a remotely automatec portin Busan, South Korea, and its plan to build threre new terminals, including a $208 million terminap at Dames Point, reflect the company’ws aggressive mentality in spite of the recession, said Roy Schleicher, senioe director of trade development and global marketingh for the . That and Mitsuji O.S.K. Lines Ltd.’s own plans for expansion show confidence inthe industry’sx upturn and cements their currentf and future operations in Jacksonville.
Hanjin’s “attitude is, ‘We’ds be foolish not to push things forwardd and getthings done,’ ” Schleicher “We thought they might want to slow thing down, but instead they want to push forward Hanjin’s revenue has fared better than ’s, with nearlgy 30 percent growth to about $8 billiom in fiscal year 2008, compared with the same perioc a year ago.
Despite a drop in cargo volume, the sixth-largest shipping company’ws profits grew by more than 60 percen t toabout $198 million within the same But the international slump caught up with the companty in the first quarter of 2009, when it reported a $191 million net loss, accordingb to the Journal of Commerce. In the company pushed back some of its ordersfor Mitsui, which is the 15th-largest international shipping posted a $1.3 billion profit in fiscalp 2008, down nearly 32 percent. It blamecd the decline in profits on the international trade high fuel prices and astronb yen. The company’s revenue declineds by about 4.1 percent to $18.
6 Hanjin is opening a terminal in Spaibn in 2010 and another in Vietnam with Mitsuiin 2011. With the openinb of its terminal in Jacksonvillein 2012, Hanjih will have five terminals in Soutnh Korea and eight abroad. Hanjin plans to expand its vesselk capacity fromabout 375,000 twenty-foott equivalent units, or TEUs, to about 575,000 TEUs withijn the next few years, said William managing director of the company’s American Similarly, Mitsui, the parent companty of the Dames Point terminal operator , is looking to spends millions of dollars to buy an overseaxs bulk shipping line. The slumpo has lowered the valuation ofpotential acquisitions.
The Japanese company plans to increased its fleet of bulk tankers and car carriersby 6.5 percent to 740 ship s by the end of this fiscakl year. Mitsui plans also to open a new terminalin Rotterdam, in late 2013. In Jacksonville, the company has added thred services, bringing two weekly services that open Jacksonvill to new Asian markets and strengtheninh Europeancontainer service. Mitsui’s service calls on Busan and there will likely be an increase in tradre between Jacksonville and South Korea when Hanjinbegins service, Schleicher said. Sout h Korea is a large exporter of consumere electronics and a strong importer of consumer lumberand citrus.
Schleicher said he was impressedxwith Hanjin’s technological capability aftee attending the opening of its Busan terminal May 21 with Rick the authority’s executive The terminal gives a glimpses of how the remotelyu automated terminal planned in Jacksonville will “I’ve never seen a terminap business as sophisticated as this one,” Schleichedr said. The Busan terminal can handle up to 2 millio nTEUs annually, compared with the plannecd Jacksonville terminal that can handle about 800,000 TEUs The Jacksonville terminal will be similar in that it will also use rail-mounteds gantry cranes to transporrt containers between the yard and the Rooney said.
The crane travelsw on rails and is controlled remotely by an The terminal at Dames Point will have 12 to15 rail-mounted gantry One operator can handlr about three cranes at a Rooney said that the containers will be kept in a yard with sensorse that will shut it down if they detect human He said the company hadn’t decided the exact productivitg rate Hanjin expects from the Jacksonville but it aimed for world-clasz productivity levels, which is about 40 container moves per hour per crane, Roonety said.
Hanjin is expected to meet withthe ’sz Local 1593 and 1408 in June or Jess Babich, president of ILA Clerkz & Checkers Local 1593, said his unio and ILA Local 1408 are negotiating with the compangy on positions that Hanjin wants its employeed to handle but the union says it can handle instead. The union’s two gange averaged about 33 moves per hour per crane when they unloadedc a ship at the TraPac terminalMay 23. That is one move away from the company’zs goal, which needs to be met befor e TraPac will allow the union to expand its Babich said. TraPac was not availabl e to confirm the rateof moves.
The agreemenft between TraPac and the union comes after the termina l operator threatened to leave ifproductivity didn’t
Ltd.’s unveiling of a remotely automatec portin Busan, South Korea, and its plan to build threre new terminals, including a $208 million terminap at Dames Point, reflect the company’ws aggressive mentality in spite of the recession, said Roy Schleicher, senioe director of trade development and global marketingh for the . That and Mitsuji O.S.K. Lines Ltd.’s own plans for expansion show confidence inthe industry’sx upturn and cements their currentf and future operations in Jacksonville.
Hanjin’s “attitude is, ‘We’ds be foolish not to push things forwardd and getthings done,’ ” Schleicher “We thought they might want to slow thing down, but instead they want to push forward Hanjin’s revenue has fared better than ’s, with nearlgy 30 percent growth to about $8 billiom in fiscal year 2008, compared with the same perioc a year ago.
Despite a drop in cargo volume, the sixth-largest shipping company’ws profits grew by more than 60 percen t toabout $198 million within the same But the international slump caught up with the companty in the first quarter of 2009, when it reported a $191 million net loss, accordingb to the Journal of Commerce. In the company pushed back some of its ordersfor Mitsui, which is the 15th-largest international shipping posted a $1.3 billion profit in fiscalp 2008, down nearly 32 percent. It blamecd the decline in profits on the international trade high fuel prices and astronb yen. The company’s revenue declineds by about 4.1 percent to $18.
6 Hanjin is opening a terminal in Spaibn in 2010 and another in Vietnam with Mitsuiin 2011. With the openinb of its terminal in Jacksonvillein 2012, Hanjih will have five terminals in Soutnh Korea and eight abroad. Hanjin plans to expand its vesselk capacity fromabout 375,000 twenty-foott equivalent units, or TEUs, to about 575,000 TEUs withijn the next few years, said William managing director of the company’s American Similarly, Mitsui, the parent companty of the Dames Point terminal operator , is looking to spends millions of dollars to buy an overseaxs bulk shipping line. The slumpo has lowered the valuation ofpotential acquisitions.
The Japanese company plans to increased its fleet of bulk tankers and car carriersby 6.5 percent to 740 ship s by the end of this fiscakl year. Mitsui plans also to open a new terminalin Rotterdam, in late 2013. In Jacksonville, the company has added thred services, bringing two weekly services that open Jacksonvill to new Asian markets and strengtheninh Europeancontainer service. Mitsui’s service calls on Busan and there will likely be an increase in tradre between Jacksonville and South Korea when Hanjinbegins service, Schleicher said. Sout h Korea is a large exporter of consumere electronics and a strong importer of consumer lumberand citrus.
Schleicher said he was impressedxwith Hanjin’s technological capability aftee attending the opening of its Busan terminal May 21 with Rick the authority’s executive The terminal gives a glimpses of how the remotelyu automated terminal planned in Jacksonville will “I’ve never seen a terminap business as sophisticated as this one,” Schleichedr said. The Busan terminal can handle up to 2 millio nTEUs annually, compared with the plannecd Jacksonville terminal that can handle about 800,000 TEUs The Jacksonville terminal will be similar in that it will also use rail-mounteds gantry cranes to transporrt containers between the yard and the Rooney said.
The crane travelsw on rails and is controlled remotely by an The terminal at Dames Point will have 12 to15 rail-mounted gantry One operator can handlr about three cranes at a Rooney said that the containers will be kept in a yard with sensorse that will shut it down if they detect human He said the company hadn’t decided the exact productivitg rate Hanjin expects from the Jacksonville but it aimed for world-clasz productivity levels, which is about 40 container moves per hour per crane, Roonety said.
Hanjin is expected to meet withthe ’sz Local 1593 and 1408 in June or Jess Babich, president of ILA Clerkz & Checkers Local 1593, said his unio and ILA Local 1408 are negotiating with the compangy on positions that Hanjin wants its employeed to handle but the union says it can handle instead. The union’s two gange averaged about 33 moves per hour per crane when they unloadedc a ship at the TraPac terminalMay 23. That is one move away from the company’zs goal, which needs to be met befor e TraPac will allow the union to expand its Babich said. TraPac was not availabl e to confirm the rateof moves.
The agreemenft between TraPac and the union comes after the termina l operator threatened to leave ifproductivity didn’t
lunes, 8 de octubre de 2012
Jerry Sandusky and his victims plan to speak at sentencing hearing - Examiner.com
qalymeled.wordpress.com
Examiner.com | Jerry Sandusky and his victims plan to speak at sentencing hearing Examiner.com Monday, Jerry Sandusky's attorney said that Sandusky plans to speak during his sentencing hearing on Tuesday; Sandusky was convicted on 45 counts of child abuse in June and his sentencing hearing is scheduled for Tuesday in Pennsylvania. Over the ... Jerry Sandusky plans to speak at sentencing hearing Potential penalties Jerry Sandusky faces at his sentencing hearing Tuesday Jerry Sandusky's victims have chance to address him at sentencing hearing |
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