jueves, 31 de mayo de 2012

Report: D.C. area posts a strong economic performance - Nashville Business Journal:

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The report ranked the 100 largestg U.S. metro areas based on employment, unemployment rates, gross metropolitan product, housing prices and foreclosure rated in thefirst quarter. D.C. ranked No. 13, while San Texas, placed No. 1 and Detroift came in last at No. 100. “All metropolitan areas are feelinfg the effects ofthis recession, but the distresws is not shared equally,” said Alan Berube, research directodr of the metropolitan policy program at the D.C. institut and co-author of the report.
“While some areas of the countrh have experienced only ashallows downturn, and may be emerging from the recession already, peopls living in metro areas that are now performing weakest economicall should prepare themselves for a long recovery period.” At the first quarter’sz end, only 10 of the 100 metro areas were starting to show signs of said the report, and said McAllen, Texas was the only plac that saw growth in employmenr and output. Output increased in just a handful ofmetro areas, including D.C.; Seattle; Austin, Texas; and Virginia Beach, Va..
The report also pointex out that metro areas with concentrationxs of jobs in certain sectors have resulted in fewer dramatic job The Rankings: San Antonio, Texas Austin, Texasx McAllen, Texas Baton Rouge, La. Okla. Omaha, Neb. El Paso, Texas Kan. Washington, D.C. Albuquerque, N.M. Virginisa Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.

miércoles, 30 de mayo de 2012

State reviewing Dartmouth conflict of interest claim - Reuters

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Pensions & Investments


State reviewing Dartmouth conflict of interest claim

Reuters


By Aaron Pressman (Reuters) - The New Hampshire Attorney General's office said on Tuesday it is reviewing  »

lunes, 28 de mayo de 2012

Life sciences injects $75 billion in Texas economy - San Antonio Business Journal:

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Collectively, life sciences generated a total annual economic impacof $75 billion for the The industry attracted $179 million in venture capital in 2008 and drawa some $1.1 billion each year in researcuh funding from the National Institutea of Health. In addition, more than 5,000 patentx were assigned in Texas between 2003 and led mostly by the medical devices and pharmaceutical InSouth Texas, which includes San the industry employed 7,201 people in 2008 at an averagde wage of $56,000. Between 2003 and 2008, life scienced jobs grew by 653 jobs, or by 10 The South Texas region is supported by major employers as andthe .
In the Soutj Texas region, the life sciences industry had a 2008 payrollof $462 This sector is expected to benefit from continuex state, federal and privated sector investments — including the and the Texas Cancerd Prevention and Research Institute. In 2005, the Texaz Legislature establishedthe $200 millionm Emerging Technology Fund to promote and finance innovations in technology, including the life In 2007, Texas voterss approved $3 billion in bonds to supporrt cancer research and prevention efforts. The statde has access to $300 millionb each year for the next decade throughb the Texas Cancer Prevention and Research The cancer initiative alone is expected to grow shareof U.S.
research and development investmenrt a full percentage point from 7 percent to more than8 percent. This will translate into another 40,000 direct and indirect jobs for Texaesover time, the stud found. “Texas’ life sciences are literally breathinfg new life into theTexas economy, whilr pioneering life-saving medical therapies,” says Tom Kowalksi, Texaws Healthcare and Bioscience Institute president and CEO. “Ih little more than a handful of years, the life sciences industrhy has rocketed into the Texas economic stratosphere.
with the continued support at the state and federal levels andventure capital, the industry holde outstanding potential for even greater job growth.” Washington, D.C.-baseds LLC spearheaded the studhy — which shows that the life sciencees industry is one of the state’s most vibrant and growintg sectors in the state’s economy. “Thew Texas life sciences industry is one of the most dynamicv and vibrant sectors ofthe state’se economy,” says Richard Seline, principal and CEO of New Economy “From both an employment and competitiveness perspective, the industry continues to make impressivw gains in Texas.” Gov.
Rick Perry’s announcement this week regardint ’s decision to open an office in Northwest San Antonio also underscores the growth of this Medtronic Diabetes willcreate 1,400p jobs and generate an estimated $75 milliohn in annual economic impact for the locak economy. Minneapolis-based Medtronic is a globaol medicaldevice company. works with governmen t and industry leaders to recruiy life science companies within the states as well as promote the The full copy of Texas Life Sciencexs Industry Profile can befound .

viernes, 25 de mayo de 2012

Fred

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The Memphis-based discount retailer reported salesof $134. million for May, down 6 percent compared to salesaof $143.4 million in May 2008. These numberss include Fred’s (NASDAQ: FRED) closinf 74 underperforming stores and23 pharmacies. Excluding thoswe stores, Fred’s sales increased 1 percent comparex tolast May. Comparable store sales in May rose 0.2 percent, down comparecd to 3.4 percent in the same perioc last year. For the first four fiscap monthsof 2009, the company reported totaol sales of $593.1 million, down 2.4 percenft compared to $607.7 million for the same year-ago period.
excluding stores closed in sales from ongoing stores increasedx 4 percent compared to thesame four-monthh period last year. On a comparable store year-to-date sales increased 2.1 percent compare to 2.4 percent last year. Fred’s opened one new pharmact in May. Fred’s operates 666 discount merchandise stores, includingf 24 franchised stores nationwide. Sharea closed down 12 cents to $14.
22 per share

jueves, 24 de mayo de 2012

Lake Mary firm to build first solar panel plant in Florida - Orlando Business Journal:

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The $40 million-plus project includes a 100,000-square-foot buildout of Advancefd Solar’s 318,000-square-foot Lake Mary headquartersx factory offRinehart Road. The factory, which will be dubbedd SolarFab, should be up and runningv by late 2009, said Edgardo vice president of salex for AdvancedSolar Photonics. Once completed, the factorty will produce up to 40 megawatts of solar energy annuallyu and require a staff of 200 to he said. Rodriguez said the new positionsd will vary from managersw tofactory workers. He could not give an exact rangsof salaries, saying it would depend on the type of Advanced Solar Photonics is a subsidiary of Lake Mary-basec Fonon Technology International Inc.
, which also owns Laser Photoniczs LLC and Fonon Display & Semiconductor Systemw LLC — all in the same Lake Mary Each subsidiary creates specific laser technology used by industriap metal manufacturers, flat-panel display and semiconductotr manufacturers, and solar panel manufacturers, Rodriguez said. The new positionas will bring Fonon Technology and its subsidiariez to a total of300 workers. The decisiobn to build a plant in Florida came aftet Rodriguez realized many of the inquiries his companyh got for laser technology were from thesolar industry.
As a Advanced Solar determined it could capitalize on a Florid market that had no other producer of solar which now must be shipped from out of In addition, this could be a step toward providing grid parity, whicg is when the price of solart energy becomes equal or cheaper to the cost of traditionalk fossil fuel energy. “We have been studying this industryy for a long time and are now readuy to offer a complete solution that will achievw grid parity and help revolutioniz e thephotovoltaic market,” Rodriguez said in a writtejn statement. For solar companies such as Superiord SolarSystems Inc.
, a Longwood-basedc solar hot water heater, pool heating and solar panel contractor, a Florida-baseed solar panel maker could be a real asset for the solar Currently, Superior has its solar equipmeny shipped from California and Tennessee, but having a local alternative would keep busines in the state, said Richard Smith, presideng of Superior Solar. “We wouldd always entertain them as aviabled choice,” he said. The greater impacrt is it positions Florida as embracing all aspects of which should help convince othee solar equipment manufacturers to take a chance on the statw and help buildthe industry, Smithu said.
Bob Reedy, director of solar energ y research at the Florida SolarEnerggy Center, agreed with Smith’s belief that the prospects of a localluy based manufacturer will help Florida becomed more prominent in solar energy. In addition, it likely would mean a potential decline in wait time and shipping costs that local solar companies face when gettiny equipment shipped from outof state. In addition, Reedy said this may finall provide an alternative for contractors such as Superiort Solar to buy equipment here and keep thatmoneyh in-state.

martes, 22 de mayo de 2012

Facebook leads social networking space as Twitter growth skyrockets - Atlanta Business Chronicle:

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According to the new report, Facebook users logged 13.9 billion minutesx on the sitein April, making it the most populaf social networking site on the Web. was the seconf most popular social networking site with abouf 5 billion minutes spent loggedin April. Twittetr logged roughly 300 millionm minutes, and LinkedIn abouy 202 million. According to the Nielsen total minutes spent on sociapl networking sites has increasefd 83percent year-over-year. Twitter had far-and-away the fastest growthb over the pastyear -- with aboutt 37-times more minutes spent on the site in Aprikl 2009, compared to April of last year. Facebook also postecd rapid growth, with a seven-fold increase over last year.
“We have seen some majort growth in Facebook during the past and a subsequent declinein MySpace. Twitterd has come on the scenee in an explosive way perhap changing the outlook for theentirde space,” said Jon Gibs, Nielsen vice online media and agency “The one thing that is clear about socia networking is that regardless of how fast a site is growin g or how big it is, it can quicklgy fall out of favor with consumers.” Whil e Facebook has become the top dog in the socia l networking space, MySpace is the leadeer in online video. With 121 million videp streams, MySpace.com was the No.
1 sociak networking destination when ranked by streams and totapl minutes spentviewing video. MySpace visitors speny 384 million minutes viewing video on the with an averageof 38.8 minutes per In comparison, Facebook visitors spentt only 114 million minutes viewin g video in April, with an averagwe of 11.2 minutes per video viewer. The Nielsen Co. is a globaol information and media company specializingg inconsumer information, television and other media