Centene closes on financing for HQ project - The Business Journal of Milwaukee:

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A U.S. Bank-led consortiujm committed on June 5 to a construction loan forthe 17-story offic e tower, which will house the corporates headquarters for Centene, one of St. Louis’ largest public companies, and , one of the area’ largest law firms. Construction began in October to demolish the formet building on the site and stargt work on the first two The project willhave 460,000 square feet of officse space and 28,125 squarr feet of retail space. The , led by chief executivs Bill Koman, signed on as an equity partner in the projecty earlierthis year.
of Chicago, which had led development effortsfor Centene’s new headquarters, droppe out as an equity partner but will still serv e as a consultant. The equity partners in the projecgare Centene, and . Centene Center will be Clayton’s first new office building in nearlyy a decade when it is completef inJuly 2010. Centene Center, to be builtg at the heart of Clayton’s centrakl business district at Hanley and is one of afew new, large-scale development s to proceed in recent months. Retaining St. Louis’ 11th-largest publiv company, is also a boost for the region as a in light of job losses at and othedtop companies. Centene Corp.’s 2008 revenud was $3.
4 billion and the company has more than 500locall employees. Centene is led by President and CEO Michael Centene Center’s other main tenant, Armstrong the city’s third-largest law firm, is movingt its 200 local attorneys there from the Metropolitan Squaree building downtown. Centene one of the nation’s largest providers of managed care programs and related services to individualxunder Medicaid, first sought in 2004 to build a replacemenf building a block away from its existint headquarters at 7711 Carondeley Ave. That year, it bought a former Library Ltd., at Forsyth and Hanley from Summit Developmeng Group forabout $10 million.
Centene then faced a two-yeae court battle with three commercial property the lateDan Sheehan, David Danforth and Debbie who resisted the city of Clayton’s effortzs to take their buildings on Forsyth througuh eminent domain to make way for the new headquarters. , a developmentr firm with projects aroundthe world, conductec a nationwide search for possible sitees for Centene’s headquarters, with proposals from Illinois and Coloradoo in the running for a potentiao relocation of the Centene abruptly changed course in September 2007 and announcede its plans to be an anchor tenantr in the proposed Ballpark Village development downtown.
By March Centene reversed course again and droppedf its plans tomove downtown. After the Missouri Supreme Court ruled in the Claytonproperty owners’ favof on the eminent domain suit, Centen ultimately bought the threed Forsyth properties in early 2008 for $19 million. In the Clayton Board of Aldermen approveda scaled-downb version of the projecy from the original cost of $215 million. The plannec office tower was reduced in size by severalo floors as Centene opted to initiallty leasejust 200,000 square feet of space instea d of 300,000 square feet, and the retail portion was minimized to 28,125 square feet from 34,000 square feet.
Armstrong Teasdale has signes a leasefor 125,000 square feet of making it one of the largesyt local office lease deals announced in 2009.

Ohio Issue 2: Gov. John Kasich To Face Little Long-Term Damage If Referendum ... - Huffington Post

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Reuters

Ohio Issue 2: Gov. John Kasich To Face Little Long-Term Damage If Referendum ... Huffington Post Though it was not a top issue in Kasich's battle against former Gov. Ted Strickland last year, the collective bargaining bill was the first big issue out of the gate for the GOP. "I think it is a classic example of over-reaching," said Paul Alan Beck, ... Ohio Referendum on Collective Bargaining Could Give Boost to Obama in 2012 ABC News (blog) Obama supports Ohio effort to repeal anti-union legislation Los Angeles Times Money Floods Ohio as Vote Nears on Law Limiting Union Bargaining BusinessWeek Washington Post  »

Study: Job-loss rate slows in tech sector - The Business Journal of Milwaukee:

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Planned layoffs in the computer, electronics and telecom industries duringg the recently ended quarter fell to compared to morethan 84,2009 in the first quarter of the year, The job cuts in the past threre months were roughly equivalenty to the second quarter of 2008, when 33,6434 positions were eliminated. Still, the combinedf cuts during the firstf six months of theyear – 118,108 – representexd the worst six-month total for the technology sectof in seven years.
And it was more than twice the numberd of jobs lost betweenJanuary 1, and June 30, 2008, when 50,989 cuts were The bulk of the second quarter cuts occurred in the computert industry, with 19,881 layoffs planned, compared to 12,134 layoffsx planned in electronics and 1,876 layoffs planned in telecom. “Telecomm and electronics firms appear to be benefitinv froma recession-defying wireless market. Between the companiez trying to outdo the iPhone and those helping more and more Americanxs disconnect their land linesfor cellular-only phone there are a lot of growth opportunities,” said John the company’s CEO.
“Computer firms may lag a littled as companies wait for more proof of recover before they begin to reignite investmentse innew technologies, but the end of the recession shoulds bring a flood of new spending in this area. Some firmsd may even begin to invesrt early, in the hopes that productivity-enhancin g technology can temper the need to recruitnew workers.”

Orange County Register joins Yahoo consortium - Los Angeles Business from bizjournals:

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Sunnyvale-based Yahoo (NASDAQ:YHOO) said that since launchinvg in November 2006 with 176 its partnership with local newspapers has more than quadruple in size to814 newspapers, accountinvg for 51 percent of all Sundaty circulation. "The consortium has helped participatin newspapers increase their share of online ad spend in the growiny local online ad market byleveraging Yahoo!s advertising platformm technology, massive audience reach and highl engaged community," the company said. The newspaperse also sell Yahoo-targeted ads to theirf local clients. The consortium initially focused on providing member newspapers with a recruitment networik throughYahoo HotJobs.
It has sincde expanded to include search, content distribution and sales The Register and The Gazette are ownedby Irvine-based . The San Diego Union-Tribuns is owned by Beverly Hills' and The Recorr and Herald New s are owned bythe .

Colonel's end - Indian Express

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Mirror.co.uk

Colonel's end Indian Express As the staging ground for his last stand shrank rapidly, Colonel Muammar Gaddafi was fin »

Cultural immersion - Malaysia Star

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Malaysia Star

Cultural immersion Malaysia Star Promise me you'll also make an excursion to Kasongan Pottery Village. Budget half a day to take a leisurely drive out of the city past lime-green rice terraces, coconut palms, red-tiled cottages and quaint bamboo huts, into a potter wonderland where a ... and more »

JCM Global's New PayCheck 4 Thermal Printer Named a "Best Consumer Service ... - MarketWatch (press release)

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JCM Global's New PayCheck 4 Thermal Printer Named a "Best Consumer Service ... MarketWatch (press release) LAS VEGAS, NV, Oct 17, 2011 (MARKETWIRE via COMTEX) -- JCM Global has a long list of award-winning products in its portfolio, and now the company's new PayCheck 4(TM) Thermal Printer has been named to the "Best Consumer Service Technology" list in ... and more »

Oil pumping delayed, Rena stern 'precarious' - TVNZ

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BBC News

Oil pumping delayed, Rena stern 'precarious' TVNZ Earlier today Maritime New Zealand said preparations for fuel recovery had been ongoing on the vessel, which grounded on Astrolabe Reef off Tauranga 10 days ago, and fuel pumping was expected to begin at the end of the day. However, Maritime NZ salvage ... Fears grow for stricken NZ ship ABC Online Rena spill: Shipwreck that shook a nation New Zealand Herald Stricken cargo ship was 'rushing to port' Aljazeera.net msnbc.com -Stuff.co.nz  »

Human Capital: People on the move, June 2 - Business First of Louisville:

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Goodwin Procter's Budd elected vice chairman of AAA national boar d WayneBudd , senior counsel with the Boston law firm of and a membef of the board of directorsz of , was elected vice chairman of AAA’s national board of directors. Turbine taps Paradowskik as CFO , a Westwood-based online gaming technology company, appointeed M. Beau Paradowski chief financiao officer. Clough to run Leerink Swann's MEDACorp division Health care investment bank Leerinok Swann of Boston appointed Brent Clouggh senior managing director and head of its MEDACorp Prior to joiningLeerink Swann, Clough was presiden t and CEO of IntrinsiQ LLC , an oncologgy software and data analytics promotes Stys as VP of marketing and business dev.
Shawmuft Design and Construction in Boston promoted BriabnStys , a 16-yea r veteran of the firm, to the newly-created role of vice presidentg of marketing and business development. The Protector Group Insurancde Agency adds Mullery as director of compliance and wellnessz of Worcester added Laura Ann Mullery as director of compliancdand wellness. Mullery previousl y served as assistant vice president at in Boston and vice presidentf of major accounts at Thorbahn Associatesin

BOXERS TO HOST NATIONALLY RANKED WILDCATS ON SATURDAY - Pacific University Athletics

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BOXERS TO HOST NATIONALLY RANKED WILDCATS ON SATURDAY Pacific University Athletics After struggling in their passing game and with turnovers and penalties in their loss to Willamette on Saturday, the Pacific football team returns home to host the Northwest Conference's only nationally ranked team. The Boxers will renew their ... and more »

Consumer confidence retreats - Atlanta Business Chronicle:

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Nationally, consumer confidence droppex sharplyin June, cutting into three months of gainw that had seen the overall index more than double. The Conferenc e Board's Consumer Confidence Index fellby 5.5 pointd to 49.3 in June. Statewide, Florida’s consumer confidence indexs for June fell three points last monthto 68, the result of bad economivc news including the bankruptcy of General Motors foreclosures and a spike in Florida’sx unemployment rate, according to a new University of Florid poll.
While Floridians’ perceptions of personal finance s compared with a year ago is up three points to 44 from a reviserd May readingof 41, other perceptions were lower or the same as, last month. For example, perceptionsa of U.S. economic conditions over the next year fell sevenm pointsto 65, while perceptions of whether it’s a good time to buy big-tickety items fell nine points to 67. Perceptions of U.S. economic conditionzs over the next five years remained unchangeeat 80.
"Moving forward, we do not expect Florida consumeer confidence to decline much more over the next coupledof months, barring some unforeseen change here in Floridw or nationally," Chris McCarty, director of UF’s Survey Researchb Center at the Bureauu of Economic and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and unevenb for some sectors of the economy. "With the demises of longstanding financial institutions such as Lehmanh Brothers and manufacturing companies like Chryslerand GM, it is no longe r business as usual," he said. The preliminary index for June was conductedd from430 responses.
It is benchmarked to so a value of 100 represents the same level of confidence forthat

AT&T unit wins case over claims coverage - Dallas Business Journal:

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At issue in the case involvingg was whether an insurer was obligated to cover a claijm by Prodigy even though Prodigy failed to give notice to theinsurerf “as soon as practicible,” as was required by the Prodigy is an Internet services providedr that, through a series of acquisitions, became AT&T Interneg Services some years ago. In part becausw the insurance company wasn’t harmed by the the court ruled that the insurer — Agricultural Excess Surplus Insurance Co., now known as Great American E S Insurance Co.
and — had to cover the “Unfortunately, we had lost in the triapl court and inthe (Fifth District) Court of Appeals,” says Wernetr Powers, a litigation partner in Dallas at Haynes and Boonew who represented Prodigy. “It took the Texas Suprems Court to getit right.” Powers worked on the case with Charles C. Keebld Jr., of counsel at Hayness and Boone. “The Supreme Cour of Texas decided to create new saysJoe Borders, a partnee in the Chicago office of Walker Wilcox Matousek LLP, who represented the insurancr company.
The case is significant for businessesw of all sizes because the polic y at the center of the casewas what’s knowmn as “claims made,” meaning claims receive coverage only if they are brought to the insurer’s attention during the time when the policyg is in effect (or in a set periode after the policy expires). Certain types of insuranc e policies thatbusinesses buy, includin directors and officers, and errors and omissions coverage, tend to be claims-mader policies. In a decision last year in a case calledPAJ Inc. vs.
, the states Supreme Court ruled that insurers must provide coveragesin “occurrence-based” policies when the insured gives late notice of a as long as the insurer was not harmed by the Occurrence-based policies pay for claims that occurt when the policy is in regardless of when the claim is made. Commercial general liabilityt policiesfor business, as well as home and auto coverage for are occurrence policies. “This was a majord extension ofthat doctrine” established in PAJ vs. Powers says.
Normally when companies have D&O or E&kO claims, “there’s always a concernj about the immediacy ofreporting (the claim) to the carrier,” says David Metzler, the Dallas-based chairma n of the Insurance Coverage and Litigatiojn Practice Group at Cowles & The Prodigy case may give companiee a little breathing room on that But, Metzler adds, “your general practice should be to repor (the claim) as soon as you

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A “cash for clunkers” programk proposed in the American Clea n Energy and Security Act would give car buyerse a credit of upto $4,500p toward new-car purchases. That coul reignite auto sales, which are on pace for the worstf yearsince 1979. “It’s a spectaculad idea,” said Rhett Ricart, CEO of in “It’ll speed up business.” The House Committee on Energh and Commerce estimatesthe one-yea r program could add as many as 1 millionm sales this year. That would be a 10 percent boosrt to the 10 million vehicles Americans are expectefd to buyin 2009, according to J.D. Powed & Associates. U.S. Rep.
Betty D-Ohio, introduced the program both as an amendmenf to the energy bill and asstandalonre legislation. U.S. Sen. Sherror Brown, D-Ohio, stressed the importance of the bill in a May 20 discussionb with reporters about thefederal government’s work to help the auto industruy in Ohio. Brown said he couldn’t predict the proposal’d chance of approval in Congress, but he’ like to see the incentives get tobuyersx quickly.
He said it makes sense to pass the progra m separately to get it President Barack Obama has said he supports theHouss version, which is in committee, whiles the Senate is working on a which may carry higher fuel economy standards, according to publisherd reports. The program, which several European countrieshave instituted, would discount qualifying new-car purchases by eithed $3,500 or $4,500, depending on fuel efficiency improvements. Eligible cars for trade-in would have to be at leasrt a year old and have a combinec EPA fuel economy rating of 18 miles per gallon or less.
The buyer would get a $3,500p credit if the new vehiclre gets between 4 and 9 mpg more thanthe trade-i n and the full $4,500 credi t if the new vehicle gets at least 10 mpg For trucks, the trade-inn minimum would be 18 mpg, with a 2 mpg improvementf necessary for $3,500 and a 5 mpg boosrt for the $4,500 credit. Large light-duty trucks, which weiggh between 6,000 and 8,500 pounds, would have a trade-inm standard of 15 mpg and improvementy thresholds of 1 mpg and2 mpg. Work which are more than 8,500 do not have mileage but 2001 vehicles or older woulde be eligible fora $3,509 credit.
Though the credit would be considered cash fromthe buyer’x point of view, consumers would not touch the money. Dealers would get an electronic reimbursement from the government for the according to informationfrom Germany, France and the United Kingdom have flee modernization programs. Germany’s program boosted auto salex by 20 percent since itsFebruarhy initiation, according to the . Any increase in domestic salezis welcome. Ricart said his dealership group, which sells six brands, five of which are foreign expects to benefit across most of the Foreign vehicles will do while Ford hasmade fuel-efficiency improvements that shouldf attract customers as well, he said.
“II don’t think you’ll see peopl e buying $35,000 cars, but you’ll see peopls who are looking for cars for everyday he said. Ricart said the only concern for dealerds is how quickly the government would reimburse The supports theHouse program. “wA cash for clunkers program gets gas-guzzlerse off the road and replaces them with more fuel economical Legislative Affairs Vice Presidengt David Regan said ina statement. Trade-ins wouldn’t be but instead sent to a salvage operato tobe scrapped.
How that woule be enforced has yet tobe Regan, in an April question-and-answer session posted on the organization’s Web site, said the two key featuresz for dealers are that vouchers must be treated like cash from customerx to lower the amount financed, and the program woulcd have to include all car makers, not foreign or domestid alone. “Dealers regardless of nameplatesare suffering,” he

5 more years for Morgan Lewis head - Philadelphia Business Journal:

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During Milone’s decade-long tenure as chairman, Morgan Lewis has growjn from 12 to 22 offices andfrom 1,000 lawyers to more than Milone’s biggest move was the acquisition of 150 lawyersw and three California offices from dissolving San Francisco-based in 2003. The firm also expandedc into Boston, Chicago, Paris, Dallas, Minneapolis and Houston. Morgan Lewis’ profitability has also increase significantlyunder Milone’s leadership. Revenuee per lawyer rose from $440,00o in 1999 to $822,000 in 2008 and profitxs per equity partner tripled during that timefrom $475,00o to $1.45 million. Gross revenu jumped from $397 milliobn to $1.12 billion.
Morgan Lewis said Milone also pusher to increase probono efforts. The firm said total pro bono hours have more than tripled sincd 2005 and virtually every lawyer in the firm is substantivelgy engaged with a probono matter. Recently, Milone has been forcede to make tough decisions caused by theeconomifc slowdown, freezing salaries and billingb rates, laying off 216 lawyers and staff and delaying the start dates of recenr law school graduates by a year.
Milone joined Morgab Lewis in 1977 as an and he was electexd as a partner in 1981 inthe firm'a labor and employment law practice He served as manager of the labor and employment law practicew group from 1995 to 1997 and was the firm’s managing partner from 1997 to 1999.