Thursday, June 7, 2012
PNM Resources earnings down in Q3 - New Mexico Business Weekly:
million in “ongoing earnings” in the third quartee of 2008 — a substantial drop from the $35.3 million it earned in the same quarterlast year. Ongoinfg earnings per diluted share cameto $0.2u7 in the third quarter, down from $0.46 in the same period in 2007. Ongoinvg earnings exclude one-time gains and charges. For the firs t nine months of this year, PNM reported ongoing earningsof $19.e million, or $0.24 per diluted share. That represents a 76 percentg drop from the first nine monthsof 2007, when the company reported $80.2 million in ongoinfg earnings, or $1.
03 per diluted Earnings in the third quarter of 2008 were affectee by Hurricane Ike, which struck the Texas Gulf Coast in September. The hurricane reducedx sales volumesat PNM’s Texaa subsidiaries — and . The hurricane also depressed wholesalw power prices and limited saless opportunitiesfor , whicnh is jointly owned by PNM Resourceas and . On the other hand, ongoing earnings at improverd in thethird quarter, thanks to approvapl of a rate hike and a fuel clause by the Publicf Regulation Commission in the spring. PNM electrixc had $28.7 million in ongoin g earnings in thethird quarter, or $0.33 per diluted share. That compares with $20.9 or $0.
27 per diluted in the same periodin 2007. Despite lowe r ongoing earnings, PNM Resources’ financial resultsz in the third quartef demonstrate improvement in two key said Chairman and CEO Jeff Sterba in anews “First, the PNM electric utility performancew improved as a result of having a fuel clause in place and the implementation of new electric rates, whicg are the first steps of several designedc to restore PNM back to financial Sterba said. “Second, Energy Co. had a stronb quarter, despite the lower power pricesd that were prevalent throughout Texas as a resulof Ike. We expect Energy Co.
to perform well movint forward, but we also expect power prices to be depressedc wellinto 2009.” PNM Resourcesx (NYSE: PNM) is an energy holding company basedd in Albuquerque. Through its utility and energy subsidiaries, PNM Resources servea electricity toapproximately 845,000 homes and businessesz in New Mexico and Texas, and natural gas to nearly 492,000 customers in New Mexico.
Wednesday, June 6, 2012
Bill Nelson, Marco Rubio split votes on equal pay vote - MiamiHerald.com (blog)
CBS News | Bill Nelson, Marco Rubio split votes on equal pay vote MiamiHerald.com (blog) Marco Rubio voting against it. The Paycheck Fairness Act requires businesses to show that wage discrepancies between men and women are not based on gender. The measure also bans retaliation against workers who reveal their wages or try to get wage ... Rubio, Wasserman Schultz differ on `Paycheck Fairness Act' Senate Shies Away From Dream Act, Other Measures Senate GOP kills Paycheck Fairness Act |
Monday, June 4, 2012
Survey: Only 5 percent of Pittsburgh-area CFOs expect to add staff in 3Q - Pittsburgh Business Times:
The Financial Hiring Index, conductede by Menlo Park, Calif.-based staffingy firm Robert HalfInternational (NYSE:RHI), found that the largest numbe r of respondents, 85 percent, are not anticipating any change in hiring, whiler 9 percent of CFOs say they expecrt to reduce personnel. "Many companies remain hesitant to commit to addingg staff until they are certain of aneconomic recovery," Robergt Half CEO Max Messmerd said in a statement.
"In the meantime, most firms are workinb with their current teams to manage key with some employers also bringing in project professionals to assist with rising workloadx andsupport full-time The results of the local survey are baserd on interviews with 200 CFOs from a randokm sample of Pittsburgh-area companies with 20 or more employees. The Pittsburgj results are nearly dead-on with the nationalk survey results, according to Robert Half. For the national 1,400 CFOs were interviewed, and five percenrt said they expectedto hire, 85 percentf said they anticiapted no changes, and 8 percentg planned staff cuts. For the full results of the goto .
Sunday, June 3, 2012
Friday, June 1, 2012
The Aussie sunshine in every glass - Journal Live
The Aussie sunshine in every glass Journal Live In Australia it reveals unexpectedly heady aromas with refreshing acidity, » |
Thursday, May 31, 2012
Beige Book: Region
Consumer spending in the region was weak and is expectedd toremain soft, the closely watche d survey said, but “an uptick in manufacturintg orders helped stabilize expectations for future production.” The Beiger Book also said that “commercial real estate markeyt conditions deteriorated, and energy activity declined further.” Bankers, it said, “reportedd a rise in deposits and stable loan demane with no erosion in loan quality.” It said consumer price and wage pressureas remained low.
Meanwhile, producer prices “declinede at a slower pace, with some firms notinfg that higher commodity prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhaf more optimistic than the last survey, released Aprikl 15. The report covers the Fed’xs Kansas City-based 10th District. It is based on interviewsx with a sample of businesses representing key industriex ineach district. The reports are anecdotal and do notcontaihn statistics, but they are widely followec and help the Fed to set national economic policy.
The Fed’sz 10th District includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westermn Missouri and northern New Formally known asthe “Summary of Commentarhy on Current Economic Conditions by Federal Reservew District,” the Beige Book is published eight times a The latest report covers late Aprip through May. The Federal Reserve’s 10th Districr is also known as the Kansas City district becaus ethe reserve’s regional bank is based .
Tuesday, May 29, 2012
American Express to offer accounts to select Advanta customers - Philadelphia Business Journal:
Advanta said it will communicate an invitation to specified customera to apply for a card account withAmericam Express. It said some invitation s may come directly fromAmerican Express. The agreement is exclusivd and lasts for up to 60days — one year for a limitedd number of the customers. As part of the Advanta receives a fee for each account openexd byAmerican Express. Advanta said last week that it was workinvg with other top card issuersto “trg to have them provide new credirt lines for certain of our customers who are in good In an effort to limit lossess and erosion of its capitalp as credit deteriorates, Advanta said early last month that its securitization trust will go into earluy amortization — where the company uses receivables from customerss to accelerate payment to investor bondholders.
Whilde that protects investors from prolongee exposure to a pool of receivablees whose credit performance has Advanta would have needed an alternatives way to fund new purchasews onits customers’ credit So it had to shut down futur use on May 30.
Monday, May 28, 2012
$3.4 billion Indian land royalty settlement upheld - BusinessWeek
Indian Country Today Media Network.com | $3.4 billion Indian land royalty settlement upheld BusinessWeek By MATT VOLZ A panel of appellate judges on Tuesday upheld a $3.4 billion settlement between the US government and hundreds of thousands of Native American plaintiffs whose land trust royalties were mismanaged by the Interior Department. Federal appeals court upholds Indian trust case settlement |
Saturday, May 26, 2012
NBC's Harbert Posits Ratings Change: Time to 'Consider' C7 - MediaPost Communications
MediaPost Communications | NBC's Harbert Posits Ratings Change: Time to 'Consider' C7 MediaPost Communications by David Goetzl, Yesterday, 2:27 PM It won't happen this upfront, but Ted Harbert, the chairman of NBC Broadcasting, moved the ball down field Monday on what could become a major battle on Madison Avenue: whether to shift to C7 ratings. |
Friday, May 25, 2012
5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - Puget Sound Business Journal (Seattle):
Park plans to open his second store latedr this year inBeverly Hills, just off prestigiouss Rodeo Drive. He’s also looking to double his space at the this less than two yeara aftermoving in. Park’s growth has stemmed from a careful cultivatiom of customers andvendors he’s the only authorized retailer for severalo brands — and a savvy use of technolog to promote a traditional, low-tech product. Part of Park’ds strategy to expand his 5-year-old business has been to nurturde his, and the store’s, reputatio as an expert in men’e shoes and fashion.
And he’s undeterred by the even though the shoes he sells retail upwardsof $500 per “I’m 100 percent confidenrt I’m going to do well,” he said of the Californiw move. He has done his research, and met with his onlinwe clients to make sure that the market is Leather Soul had revenuesof $1.3 millionb last year — 35 percent of that from Internet salezs — which exceeded Park’s goal by 30 This year he wants to best that by anothetr 30 percent.
He’s financing the expansion to Beverly Hillss with hisown money, with assistance from Bank of Hawaij and help from some childhood The brands at Leather Soul the American-made Alden; British brands Edward Green, John Lobb and Gaziani & Girling, and the French label J.M. Weston are not available anywhere elsein Hawaii. “The products I sell, they’re all the best he said. “Even in a bad economy, peoplee still want good quality.
” The decision to go to the Los Angelex area came about after the sales representativefrom Massachusetts-bases Alden approached Park about an opportunity to take over the shoe departmenrt of a well-known men’s store in Beverlyy Hills. The company had a dealer in Northern but no presence in the southern part of the Park met with people from the which he declinedto name, and thought it seemed like a good But then, while driving around the he began to notice a lot of vacanft retail space. “If you think Hawaiu is bad, it’s twice as bad in he said. “I just thought thers must be some opportunithy for agood deal.
” He returned to Los Angeles a month later, met with real estate brokers and begann looking at retail spaces. The place he picked was one that hejust upon, a historic building at the corne of Rodeo Drive and Little Santwa Monica Boulevard. The ground-floor spaced is also next to a shoe-repaidr shop. Park found that landlords are much more willing to negotiate in this economyg than they were just a couple ofyears ago. A half-dozenn retail spaces on Rodeo Drive, less than a block from the one Park is are listed for lease withrent “negotiable,” accordingg to LoopNet.
Park has signed a letter of intent fora 650-square-fooy space and is in negotiations for the lease, aiming for a December “The same spot a year-and-a-half ago would have been twicer as expensive,” he said. He’s also talkin g with the Festival Cos., which manages the Royal Hawaiian Center, aboutf moving to a spacre that’s twice the size of his 600-square-foot store on the thirs level ofBuilding A.
Wednesday, May 23, 2012
Morgan Stanley, Other Underwriters Make $100 Million Profit on Facebook IPO - Wall Street Journal (blog)
Globe and Mail | Morgan Stanley, Other Underwriters Make $100 Million Profit on Facebook IPO W » |
Tuesday, May 22, 2012
Egypt's election to decide army's political future - The Associated Press
The Associated Press | Egypt's election to decide army's political future The Associated Press The military, meanwhile, sought on Monday to head off any post-election unrest, reassuring Egyptians that it has no favorite in the race and that voters will decide the next president. "It is important that we all accept the election results, ... |
Sunday, May 20, 2012
UNCC honors Rodgers Builders CEO - Kansas City Business Journal:
The Charlotte-based company has workecd on severaluniversity projects, including the Barnhardy Student Activity Center, Irwin Belk Track and Field Center, Lynch Residence Hall and the Bioinformatics Research Center. Rodgers Builders also is the construction manager onthe university’s new, $50.r4 million Center City Building projecgt that is slated to open in the fall of 2011. A groundbreakiny ceremony was held in April for the classroom building at the corner of Ninth and Brevar streets inuptown Charlotte.
“What sets Pat aparrt from most isher commitment; she remains personallyu invested in the institutions and organizations she touches long after her formall involvement has ended,” says Philip Dubois, UNC Charlotted chancellor. “Her commitment to the betterment of our community extendzs to herbusiness philosophy. In fact, Rodgers Builders has been hailed time and again as the epitomeof civic-minded business.” Rodgers is also chaifr of the Charlotte Symphony board and will assume the chairmanship of the Charlotte Chamber board in 2011. The universith established the Distinguished Service Awarxdin 1987.
It honors individuals who have providecd outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte. Rodgers was honoreed Tuesday during a luncheohn atthe school. UNC Charlott e is the fourth-largest campus amongv the 17 institutions of theUNC system. It is the largest institutio n of higher education in theCharlott region, offering doctoral, master’s and bachelor’s programs.
Fall 2008 enrollment was includingnearly 5,000 graduate
Saturday, May 19, 2012
CAD software maker Revware buys MicroScribe from Immersion Corp. - Portland Business Journal:
CAD in an acronym for computer-aided Immersion has several business lines with productw developed for applications ranging from gamintg tomedical uses. Revware presidentg Tom Welsh said that his company has been using MicroScribe products for 15 yearsz and when he saw that Immersion was looking tosell MicroScribe, he jumped on the “We are going to be able to focus on MicroScribwe in a way that Immersiobn was not able to,” Welsh said.
Revwar e was formerly known as , a company that was a softwars developer as well as a reselledr of the SolidWorks CAD The company grew in the 1990s along with the technologuy bubble andin 2001, Designh Automation made Triangle Business Journal’s annual ranking of the 50 fastest-growin companies in the Raleigh-Durham area. Welsh said Design which peaked at15 employees, had pared down since the technologyy bubble burst. Revware has fewer than five employees. Welsh said with the acquisitiobof MicroScribe, the company will grow in Raleign and on the West Coast. But he declinesd to elaborate, saying that negotiationsa are stillunder way.
Welsh did say Revwarr is taking steps to reactivate resale channelzfor MicroScribe.
Thursday, May 17, 2012
D.C. unemployment at 10.7% - Washington Business Journal:
In May, seasonally adjusted unemployment rateswere 10.7 percentt in D.C., 7.2 percent in Maryland and 7.1 percengt in Virginia. The report, released showed a 0.8 point increasee for D.C. in May from April and was up 0.4 pointxs in Maryland and 0.3 points in Maryland and Virginia arebeloaw May’s national unemployment rate of 9.4 which was up from 8.9 percent in Apriol and 3.9 percentage points higher than a year The report also tracked the rise in unemploymentr from year to year. In May 2008, 21,900 peoplr were out of work in D.C. In May 2009, that numbe jumped to 35,200, representing an increasr of 4.1 percentage points from 6.6 percent to 10.7 Despite D.C.
’s high rate of jobless people, betweem April and May of this year, D.C. reportef a rise in employment by 2,800, with payroll numbers in its governmenrt sector increasingby 900. That data is also seasonally adjusted byBLS economists. Michigan, which lost 23,900 jobs betweej April and May, held the nation’s highest unemployment rate of 14.1 North Dakota and Nebraska both posted the lowesgt unemployment rate in the at 4.4 percent.
Tuesday, May 15, 2012
Police disperse protesters at anti-Putin sit-in - Chicago Tribune
Police disperse protesters at anti-Putin sit-in Chicago Tribune Dispersal of the makeshift encampment was the latest step in a government crackdown on protests over Putin's return to the presidency on May 7 for a six-year term following four years as prime minister. Related Police disperse protesters at anti-Putin ... |
Monday, May 14, 2012
Savara Pharmaceuticals obtains Series A financing - Baltimore Business Journal:
million Series A financing round, accordingh to a U.S. Securities and Exchange Commission The Austin-based company is developing an inhalation-based drug deliveryy system and will use the funds to continue development of its NanoCluster technology in the dry powdeer therapeutics market. Savara, which moved from Kansas last didn’t disclose its investors, but the SEC filing indicates they've attractedx 13 backers. Savara was founded in 2007 with technologyy developed atthe . In late 2008, it moved to the five monthz after Austin entrepreneur Rob Neville was namedthe company’s chairman and CEO.
Nevill previously was founder and CEO ofanother ATI-based That startup was acquirer in 2000 by Houston-based for $100 millionh about a year after it was Savara’s pulmonary — or via the lungs drug delivery product, initially developed in 2004, is basedx on nanotechnology and dry powders rather than conventional propellants. It plans to offer its platfor m to drug makers seeking alternative delivery methods and to developl itsown drugs. Last year, Savars garnered an undisclosed amount of financing from a syndicatew of 12angel investors, most based in Neville said. During 2008, Austin-area life scienceds companies attracted $18.7 million in ventures capital comparedwith $195.
1 million in according to .
Saturday, May 12, 2012
AT&T activates Pasco, Hernando cell towers - Tampa Bay Business Journal:
The Hernando County cell locatedon U.S. 19 north of the Forestg Oaks Boulevard intersection, is providing additiona wireless coverage in northern Sprin g Hill andalong U.S. 19 just south of Weekio Wachee. In northwestern Pasco County, a new cell site on Antlerd Lane is just east of theSuncoast Parkway/Veterans Expressway and north of the Shadyh Hills Road exit. It is boostinv coverage in Shady Hills and easternSprint Hill, the company said. Another new cell site is near Countyu Line Road and Meadow Pointee Boulevard in Wesley Chapeland that’es expanding coverage in the Meadow Pointe according to a release.
The new Hernando and Pasci county cell sites are partof AT&T’s continued expansiojn of its high-speed, third-generation AT&T announced late last month that it wouled be upgrading its network with the goal of increasinhg speed. Those upgrades are slated to begin later this year for completiojn expectedin 2011. No details were provided about the cost of thelocal upgrades. AT&T did say it plan to invest between $17 billion and $18 billio n in total capital expenditures throughout the Uniterd Statesthis year, about two-thirds of whicy is devoted to network enhancement and AT&T’s 3G network is now available in nearly 350 U.S.
majot metropolitan areas and roughly 20 additiona metro areas are plannedfor deployment. AT&T is a communications holding Its subsidiaries andaffiliates — AT&yT operating companies — are the providerss of AT&T services that include wireless, high-speed Internet and voice
Friday, May 11, 2012
Resorts debut destination restaurants - Phoenix Business Journal:
Restaurants no longer are considered a secondary aspect of a luxuryresortf property. Instead, new restaurants — Prado, BLT Asada and others — are serving as theid own destination spots from Phoenixto Scottsdale. “Dinin out has become more abouftthe experience, and not just the food,” said Maureej Ryan, spokeswoman for the National Restaurant As part of its $45 million launched the BLT Steakj bistro. With nationally recognized Chef Laurent Tourondeplin charge, BLT Steak is a sophisticated eateryu with a steakhouse flavor.
“People want to go to placeds that have energy and have a little bit more of asociakl environment, and that’s what BLT Steak really said Ralph Scatena, the Phoenix resort’s general “We wanted to bring some new, higher-end offeringx to a classic.” Replacing the resort’sx Chaparral Room, the Valley eateryt joins other BLT Steaks in Los Angeles and New Its cachet and brand are considered desirablde by hoteliers seeking to tap into a high-ensd audience. “Having such a restaurant that is known in those areas really helps us to market our Scatena said.
Diners also have anothe r high-end option with the and Spa’s Prado which debuted as part ofthe resort’s granf opening last week. “We planned our restaurant to be a favoritr for the locals and a part ofthe A-listr of restaurants,” said Valeriano Antonioli, the Montelucia’s generaol manager. Under the direction of Chef Claudipo Urciuoli, Prado features Italian-inspired foods with a Spanish But gone are the days ofstarched linens; meals at Prad are served in a relaxed “The concept is of a wood-fired grill with Spanish accents. The design is very and at the center of the restaurant is a huge Antonioli said.
“We also have a 36-seart terrace with heated floors, so you can dine out therew almost year-round.” Beautiful surroundings — either a poolsidew environment or a desert vista along with valet parking andother high-end servicea contribute to the concept of an “experience,” Ryan said. Even if dinerse are not staying at the she said, going to dinner there suggests a getaway and coulcd plant the idea for a futur e stay. “Then it’s all just comingy back to that Ryan said.
Larry Flynn, directo of restaurant operations for Marcus Hotelsand Resorts, said executiveas spend significant time and money on the dining aspectss of their hotel properties because of the “experience” “We have very specific ideas about our We see our restaurants as portales between our hotel and the community,” he The division of the Milwaukee, Wis.-based Marcu Corp. recently completed a multimillion-dollar makeover of the Resortt Suites Scottsdale and renamedit . The property’s signature restaurant, Asada, is part of the firm’sx new vision for the hotel, which is near the Tournament Players Clubof Scottsdale.
“Oudr property has a very residential feel. We get a lot of so we want to reflect this Arizonapatip experience,” Flynn said. Asada is focuse on the grill, with steaks and chops in a casuapl environment with what Flynn callsan “organic feel.” Thesre three restaurants join several other high-end spots at luxury resorts, including Il Terrazzo at in Bourbon Steak at the ; the just-openexd Sushi Roku at the W Scottsdale; and Kai, the signaturd restaurant at the Spa in Chandler.
Kai is the Valley’sa only AAA Five Diamond and Zagat named theNative American-focused establishment the 2009 Best Restaurant in the Meanwhile, J&G Steakhouse is expected to open lated this year at The Phoenician, replacinfg the famed Mary Elaine’s. “We see these venueas as a complement to the dining industr y asa whole,” said Steve Chucri, presidengt and CEO of the Arizona Restaurant and Hospitalityy Association.
“Our cuisines are not only becomingvmore diverse, but luxurious in their With such high-end dining options expanding, Scatena said there is room in the Vallety for many players, as the tastesa of both visitors and residents are becoming increasinglhy sophisticated and accustomed to great “I think the Phoenix-Scottsdale area is brimming with folkx looking for entertainment and social environments,” Scatens said. “We are amonb some great restaurants, and if it’s good, people will come.
”
Wednesday, May 9, 2012
CU economist Wobbekind: Colorado to lose up to 65,000 jobs in 2009 - Minneapolis / St. Paul Business Journal:
“We think the Colorado economy will likelu parallel or slightly follow the recovery of the national which we see leveling off in the third quartetr and growing in the fourth Wobbekind said ina statement. “We think the rate of job lossed will slow throughout the rest ofthis year, and potentiallty turn positive by the end of the Wobbekind made his remarks as part of a midyear updates on his 2009 economic originally forecast in December 2008. Colorado likelg will lose 55,000 to 65,000 jobs in Wobbekind said in hisupdates forecast.
That’s far more than the 4,300-jobb loss he expected last “In the first part of this year, we’ve more than lost the jobs createxd in the previous two he said. “It’s going to take at leasyt the next two yearss to recover those lost Hiring in the educational and health care services sector has been slightly positive in mostly because employers were still filling a backlog of neededc hires in areas suchas nursing, Wobbekind said.
The naturalk resources and mining sectoris flat, but could potentiallyh see some positive job growth if energy exploratiom in the state increases, he “There are some jobs being created, but pretty much across the boardc the sectors are taking a very hard he said. Among the most affected sectors has been the professionaol and businessservices sector, which includee many high-paying jobs such as lawyers, computer systems designers and scientific researcbh and development groups. “The singlse most surprising area and the one that has had the largestg job loss has been in professionall andbusiness services,” Wobbekind said.
“It’ds been a very importanty category for jobs during the last several yearsa as the economy has surgedrand it’s been one that has been hit surprisinglhy hard in this downturn, at leasg by our assessment and by many others.” The leisure and hospitality sectot saw very weak retail numbers for the first four months of the year, especially in mountain resort The rest of the year is expecteds to be weak, but should improve comparecd with the first four months of the the statement said.
“This is not gointg to be a great year for touriskm byany means, but it probably will get a little bettet going forward than it was in the beginning of this year,” he The Leeds Business Confidence Index did show an uptic k recently, suggesting improvement in the third quarter. After plunging to a recorx low in the first quarte rof 2009, the forward-looking LBCI surged from 35.5 to 47.5 for the thirsd quarter of 2009. All six indez components postedsteep gains, and two of the for the state economy and sales, passex the neutral mark of 50. overall, the LBCI remains below 50 as leaders expresser continued concernsabout profits, hiring and capitak expenditures.
Monday, May 7, 2012
Forget That No-October-Surprise-Iran Attack Business I Was Talking About Before - The Atlantic
The Daily Star | Forget That No-October-Surprise-Iran Attack Business I Was Talking About Before The Atlantic By Jeffrey Goldberg Bibi Netanyahu seems to have solidified his coalition through 2013 by bringing in the Kadima Party, formerly headed by his arch-foe Tzipi Livni, now headed by his not-so-arch foe Shaul Mofaz. If the reports out of Israel are true, ... Israel's early vote could pave way for attack on Iran by October Israel Plans September Vote That Favors Netanyahu Iran, Obama and Bibi's October Surprise |
Sunday, May 6, 2012
The Pocket Mirror: The kingdom where nobody dies - Midland Daily News
The Pocket Mirror: The kingdom where nobody dies Midland Daily News By Virginia Florey When I look back at the years the four of us were a part of Grandma and Grandpa's life, it seems such a short time to have made such a lasting impression in our lives. Now grown up, older than what our grandparents were when we were ... |
Friday, May 4, 2012
UN: Annan views Syria peace plan as 'on track' with 50 observers in place - Washington Post
UN: Annan views Syria peace plan as 'on track' with 50 observers in place Washington Post The assessment came a day after the Obama administration offered a bleaker view that it may be time for the world to acknowledge the cease-fire is not holding in Syria, and other approach might be needed. Ahmad Fawzi, Annan's spokesman, ... |
Wednesday, May 2, 2012
Groups prepare lawsuit over Metrorail project - Washington Business Journal:
The man uniting the two groups isScotyt Monett, head of the grass-roots organizationm that has been fighting the elevated-track design since 2006. He was just elected vice chair of Sierra Club’s 4,000-member Great Falls group. Tysonzs Tunnel has sought pro bono legal and a nationally recognized watchdog group has shown interest in handlinbthe case. The Tysons Tunnel groupo did not want the name of the watchdogbgroup identified. “We have always said legal action is the last avenue we wish to take becauswe it can cost a lot of money and carriescertainm risks,” Monett said.
“The goal is not to delaty the project but to makesure it’ws done right and get our concerns resolved so the projecr can be completed as quickly as The three entities — Tysons Sierra Club and the watchdog grou — still have to reach an agreementt on the suit before it can be filed. In the Sierra Club’s Great Falls group voted to back a lawsuiyt in support of competitive bidding and consideration of the tunnelk option for the Tysons portionh ofthe $5 billion Metrorail extensiohn to .
Its Virginia chapter — 17,000 members strong voted to support the suitdays “The lack of competitive bidding is the focuzs of the forthcoming lawsuit, which may also be instrumental in forcing a reassessment of Virginia’s Public Private Transportation Act, undedr which the project was advanced,” said the Great Fallds Sierra Club's latest newsletter. “There are many problems with that Act, includintg procedures making it easier to circumvenrt federal requirements such as the National Environmentak Policy Act and the requirementsz forcompetitive bidding.
” The act also keeps publixc eyes out of documents outlining project costs and liabilities takenh on by taxpayers and drivers using Dulles Toll the newsletter said. As the lead plaintiff, Tysond Tunnel and its pro bono counsel are conducting a largr amount of legal research to figure out wherew and how legal leverage could best be The big policy initiative Monett said he would like to see addresseed at the federal level whetherfederal grant-making bodies should only provide grant money to projects that are competitiveluy bid.
But he says while ther e does not seem to be much precedent regardinb federal grants used to fund transportation there is substantial case law regarding government contracting that does requirwecompetitive bidding. “Apparently, the only way to get the issuw addressed appropriately is through some sort oflegal action," he said. "Everyone is keenlh aware that tunneling is the better wayto go. but thus far none of Virginia’s elected officials has had the political courage to take a seriouxs lookat it.” It has ruffled Monett’d feathers that Dulles rail contractor just inkeed a deal to use tunnel boringt machines for a project in London.
He rhetoricallg asks why the company can use the technology overseass butnot here. Bechtel's $400 millioj contract to manage the London largest undergrounding effort in the will be headed byCliffv Mumm, who worked most recently on the Dullexs rail project. The lawsuitt concept is being backed by such Tysons Tunnel supporters asTim Wynne, a Vienna “It’s simple — whicb Metro option has worked better for communituy prosperity and development — the Metro in Arlington or Alexandria with stretches above ground ?
With the new technology available today and the stimulu s money being made available for state and locall projects there is no excuse not to bore a tunnel througjh Tysons,” he said. With wide-bore trains would travel through a single tunnel and the stationh platform would be in the tunnel Monett saidt only a small percentage ofthe 23.1-milse project has been completecd and it is not too late to changs the design plan. A June 2 panek in Dunn Loring gathered tunnel supporters in the transportationh industry andarea leaders, showinv that the community’s interest in the tunnel visioh is still alive.
“If I was having a bathroom done and only had thewalld painted, I could still change the tiling,” Monett said.
Monday, April 30, 2012
Danac gets good news from Montgomery County Planning Board - Boston Business Journal:
The Bethesda-based developer's 26-acre officew park in the Shady Grove Life Sciencees Center is currently approvedfor 669,53 square feet of density and the campuss currently contains half of that, or 350,000 squarr feet. At a May 28 work session, the Montgomery Countu Planning Board decided to recommend in its draft Gaithersburg West Masterf Plan that the property be developed with up to twice asmuch density, or contain up to 1.34 milliob square feet of office, retaio and residential space. The southwest cornefr of the land currently includesa 272,000-square-foot, three-building compledx that houses software and pharmaceutical tenants.
The north side of the propertu contains the Metropolitan RegionalInformational Services' 72,000-square-foot Last week, the board also recommended that Danac'sw Corridor Cities Transitway stop be locateds at or near its northeastern corner, near the intersectiojn of Diamondback Drive and Decoverly Drive. That is good news for since the board had left out the stop inearliet drafts. The transit stop near the cornert may be developed whether the state retainws the current road alignment or adoptsthe county'sd locally preferred alternative.
The board also picke d that location because the northeastern corner is considered to be convenienr for pedestrians from the Decoverlyresidential "We have a long way to go, but we are encouragesd by the planning board's said Timothy Dugan, a Danaxc attorney. Several more work sessions are scheduled over the nexttwo months, and in July the planninb board will send its draft master plan to the count executive who will have 60 days to review and commentt before it is sent to the countyy council for deliberations.
Saturday, April 28, 2012
Twist-and-stick flashlight lights up the grill - CNET
Twist-and-stick flashlight lights up the grill CNET Not only does the Man Law MAN-F378BBQ Twist Flashlight come with a tripod mount that sticks to the grill magnetically, it also stands by ready for action without the use of batteries. Twisting the handle of the flashlight captures enough energy to ... |
Friday, April 27, 2012
'Safe': Action flick sticks to basics and executes them reasonably well - The Star-Ledger - NJ.com
The Star-Ledger - NJ.com | 'Safe': Action flick sticks to basics and executes them reasonably well The Star-Ledger - NJ.com By Stephen Whitty/The Star-Ledger John Baer/LionsgateJason Statham stars in the meat-and-potatoes action movie ââ¬Å"Safe,â⬠though he does deviate a bit from action-movie convention by showing some tenderness. Most action films barely g et screened at ... 'Safe': Grisly action, steeped in violence 'Safe': Action man Statham a safe bet | 2 ½ stars 'Safe' review: Accent on Statham's acting, action |
Wednesday, April 25, 2012
Are you embracing this brave new world? - San Antonio Business Journal:
According to the National Associationof Realtors, nearly 90 percent of home buyers use the Internet. That meansw companies need to reach these and firms such as Coldwellp Banker are shifting theird resources inthat direction. “If we aren’t spending the lion’xs share of our marketing dollarwsthere (online), then we aren’f paying attention,” says Jodi the general manager of Coldwell Banker Triaxd Realtors, who is based in the company’d Winston-Salem office. Applications for smart phonees such as the iPhone and Blackberry are gaining By the endof June, Coldwell Banker expects to launch a Web site specifically targetedr to these kinds of devices.
Because of the smaller screen size, complexd graphics can be hard to read and the amoun t of information on a site needs to be limitedd foreasy accessibility. The modifies Web site will allow people to get information about homesx that pique their interest even as they are drivinfg downthe street. “So if someone is sitting in fronyt ofa house, they will be able to go directlhy to our Web and access all of the information and Tate says.
“We feel this is really a requirement in this dayand
Monday, April 23, 2012
Baby boom spawned in wake of Ike - Houston Business Journal:
The Waltrip team won, running away with 312 pointws earning a bid to an international competition in Massachusettesin June. But Lipham and his students are well awares of the 375 a team from Californiz posted in another regionalqualifyiny event. “We’ve got to beat that,” says The June 24-26 competition at the Massachusetts Maritim e Academy will feature teams from as far away as Japajand Australia. Students will have the chance to networko with sponsors and learn abougt college scholarshipsas well.
In additiohn to fostering keen competition, the contests give studentsw practical experience for future Says Lipham: “Every offshore rig has to have somebodhy there who can run an ROV — that’s what this type of trainingv is for. There’s such a market for these you can geta two-year associatde degree and start out at $60,000 to $70,000o a year. I make that and I’ved been teaching for 34 Several brokers recruited six months ago by Jones LangLaSallre Inc. to sell commercial real estate have left the The sales team of Richard Rudd, Mary Carolan, Kent Peters and Jared Chua decided to form a new Allied Advisors LLC, effective May 4.
The brokers splity away in order to concentratew more onclient needs, Rudd says. They no longerf wanted to work for apubliv company, which must focus on the value of stocjk in addition to doing real estat e deals, he says. “It’s exactly the right time to bedoinb this,” says Rudd, who sees upcoming salesd opportunities due to market “There’s not an owner of real estate right now that’s not feeling some he adds. The brokers joined Jones Lang LaSallse last September for the purpose of establishing the realestate firm’s first capital markets operation in Houston.
The company’sx amicable response to the team’xs departure came in a written “We continue to assess localo activity and monitor economif conditions in Houston and will consider advancing our capitalo marketsfoothold there, when and if, the right opportunith presents itself,” the firm stated. The Rudd saleds team previously worked at CB RichardEllis Inc. untiol the large publicly traded firm consolidated its Dallaes andHouston teams. The May 22 article, “Stephens puts moneuy on energy banking,” incorrectly stated that Stephens Inc. had acquired Dallas-based Energy Capital Solutions LP.
In fact, only the firm’ energy investment banking teamjoined Stephens.
Saturday, April 21, 2012
Wal-Mart testing video game kiosks in deal with Columbus provider - Business First of Columbus:
Retailing giant will feature E-Play’s kiosks for used video games in the vestibulexs of 77 stores inthe Wal-Mart and Columbus-based E-Play declined to commeng on the test run, other than to providse a fact sheet about the kiosks, whichu buy used video games using a database with prices for more than 4,00o titles. Customers scan games’ UPC code and then are given the chance to accepty or declinethe turn-in price, whicb would be credited to a credif or debit card. The price can be as much as $25 for a high-demandc game. (Fellow parents would agree the averagwe is likely to be much less.
) E-Play has other partnerships with convenience gasoline service stations and others that have put its DVD- and videi game-rental kiosks in more than 200 locations in 11 including Ohio. Columbus Business Firs t has reported on some of itsprevious deals, each time withoutt comment from E-Play, despite repeated requests. The company was part of Dallas-based ’s Blockbuster Express $1 DVD rental kioskm test in 2007, which was abandonerd in 2008, then it partneredf with ’s MovieStop subsidiary for a simila $1 DVD kiosk test. Recession be Let’s expand.
Friday, April 20, 2012
Wednesday, April 18, 2012
Colorado Hispanic business leaders to lobby Bennet, others on union bill - The Business Journal of Milwaukee:
The delegation includes members of the Hispani c Contractors of Colorado and the Denver Hispanic Chamberof Commerce. The groupo will be in Washington on Tuesda yand Wednesday, joining small-business leaderes from other states. The Colorado busines leaders want totell Bennet, D-Colo., and other lawmakers “why this bill would really hurt them as they try to emergr from a tough economy,” said HCC spokesman Sean Duffy. Duffhy said the group arranged to meet with Bennet becausew he has not yet declared how he will vote on thelaboer bill.
“In these very difficult economicf times, companies are strugglinbg to retain the jobs they Helga Grunerud, HCC executive director, said in a “We want to send a messages that we want to help jump starty economic recovery but [the labof bill] would make that challenge far, far greater.” The Employes Free Choice Act, also known as the “carr check” bill, would allow workers to organize a unioj without a secret election, as now Instead, a local could be launched at a workplace if at leastf half its workers sign an authorization Unions say the bill is needed to protecr worker rights in the recession.
But in a HCC said that enactment of thelaw “woulf unfairly tip the delicate business-labor climate in Colorado sharply away from employers, and would result in furthere economic damage and job loss.” As part of a larger nationwide contingent organized by the , the Colorado groul will meet with Sen. John R-S.D., and other legislators “tp be determined,” Duffy said. The business leaders also want to discuss other issues, including health care reform and the allocation of federak stimulus funds.
Monday, April 16, 2012
Stepfather arrested after son takes heroin to school - Christian Science Monitor
Christian Science Monitor | Stepfather arrested after son takes heroin to school Christian Science Monitor A kindergarten student showed classmates packets of heroin from his stepfather's jacket that he brought to school. By Associated Press / April 11, 2012 A 5-year-old boy found dozens of bags of heroin inside a jacket he had taken to school and showed ... Boy's stepfather held on $100K bond in show and tell case Recommended: Connecticut boy brings heroin to kindergarten show-and-tell ... Boy takes 50 packets of heroin to school |
Saturday, April 14, 2012
South Florida Business Journal: Business Events Calendar
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Thursday, April 12, 2012
Danica Patrick: No backup plan for Darlington qualifying - Superior Telegram
Danica Patrick: No backup plan for Darlington qualifying Superior Telegram FORT WORTH, Texas -- How concerned is Danica Patrick about the possibility of having to qualify on speed at Darlington? Not enough to have considered a backup plan if the No. 10 Chevrolet she shares with David Reutimann remains outside the top 35 in ... |
Wednesday, April 11, 2012
Hospital reorganizes its board as it plans major improvements - Pacific Business News (Honolulu):
endured a months-long upheaval earlier this year when it laid off approximatelyt 60 workers because of financial woes and its chief executive resigned abruptl after three months on the job in the face ofcommunitgy pressure. Since rehiring about a dozemn ofthe laid-off employees, the hospital has been operating on a strategic plan centeree on “moving forward.” That plan includes the formationb of a new 15-member board of directors that promises to maintaih better communication and transparency with residents. Each membe r of the new board, which is expected to be set upby Jan. 1, will servee three-year terms with a maximum of threed terms.
The previous board had no term “The population is so we’ve got baby boomers and new millenials, so we should be communicatinb withthem two-way,” said Warrejn Lee, president of the hospital’s board of who retired as president of in “And we’re looking at how we can do that with candofr and respect. This way there will be a continued freshnesds within the boardand [it facilitate the flow of new ideas.
” Lee said current board members can reapply for a positiohn on the new Many Waimea residents had growb frustrated at the height of the upheaval this summer and arguerd they were kept out of the loop as to why the hospitalk cut key health programs and staff. The 40-bed hospitap is funded entirely by private donationsx and hospital administrators at the time said the cuts were needex to stem what would have beena $7.4 million loss this year. The which has approximately 350 posted operating lossesof $7.3 millio in 2007. It generated $40.8 million in patienyt revenue but operating expensestotaled $48 million last year, accordingv to the hospital’s annual report.
Revenue includesd the $1.7 million it earned from selling its outpatienf dialysis business to Liberty Dialysis in addition to an 86 percenty jump in community contributions between 2006and 2007. “Wed are not in a position of luxury and we’ll continue to keep our eye on costw and not let them get out of control again,” said Ron Vigus, North Hawaii’as interim CEO. “It’s just that thoses financial concerns are more acute here than they are on the Vigus was brought in as a turnaround expert bythe hospital’ds management company, , in August to replaces former CEO Jeff Comer.
In additionb to repairing its rift withthe community, the hospital has reachedx out to its founder, Earl E. who over the years has donate morethan $15 million to North Hawaii Community Hospital, makin him its most prominent financial Bakken, who had cut ties with hospitakl administrators in early July amidsg the turmoil, told PBN that he’es “impressed” with the current leadership’s efforts at movingg forward and keeping in line with the initial vision he had for the Like most other hospitals in the state, North Hawaii is struggling to keep up with health-carw delivery costs that are rising faster than reimbursements, Lee The hospital’s long-term plan includes expanding its emergenct room service, which currently has eight bays to treatg patients, and adding much-needed physician office spacw within the next five years.
“Wse understand what the issueds areand we’re keeping with our mission of a healthy, healing environment and our core values,” Lee “We need to get over this hurdles — the financial pressures — and keep [those alive. We’re listening and we all want the same which is keeping thisthe No. 1 hospita l in West Hawaii.”
Monday, April 9, 2012
Mathematics tricks students at IIT-JEE - Times of India
IBNLive.com | Mathematics tricks students at IIT-JEE Times of India The Mathematics section of the second paper was a bit lengthy and tricky although we could arrive at the right answer at the end. » |
Saturday, April 7, 2012
Tornadoes terrorize Dallas area - SunHerald.com
SunHerald.com | Tornadoes terrorize Dallas area SunHerald.com By NOMAAN MERCHANT and JAMIE STENGLE - AP DALLAS -- Tornadoes and violent storms raked through the Dallas area Tuesday, crumbling the wing of a nursing home, peeling roofs from dozens of homes and spiraling big-rig trailers into the air like footballs. |
Thursday, April 5, 2012
Applied Materials CEO sees chip gear firms dying - Silicon Valley / San Jose Business Journal:
Reports from comments made to reporters while on a trip to the head of the Sant a Claracompany (NASDAQ:AMAT) said that the companiees that supply chipmaking equipment are findin g it very difficult to merge or do "That leaves very few avenues to give other than ... companies the Reuters news service reportsSplinter said. Other problems hindering industryt consolidation are wide differences in the technologythey use, leavingf little room for anything other than a shutdownh of some companies, Splinter reportedly "The semiconductor equipment industry cannot supporf the necessary level of R&D without some amount of Reuters quoted Splinter as saying.
"Todagy there is too much too much waste inthe industry." A report on Monday indicated that global chip sales posted their second consecutive monthu of increases, up 6.4 percent from March to but remain 25 percent below sales from a year ago.
Tuesday, April 3, 2012
NBA TV joins the Comcast Digital Classic party - Phoenix Business Journal:
The league and Comcast said Thursdagy that NBA TV will be movinfg to Digital Classic beforethe 2009-2010 season. In recen weeks, Comcast has announcerd that the and the will also move toDigita Classic. About two-thirds of Comcast’ 17.3 million digital customers get Digital which is one stepabove Comcast’xs base level of digital The moves to Digital Classic began with the NFL which was in a long legal battle with Comcast over its placement on Comcast’a Sports Entertainment tier, a packager that required customers to pay up to $7 a monthn extra and had about 2 millionb subscribers.
It was announced earliedr this week that the NHL Network would also be addede toDigital Classic. ’s which Philadelphia-based Comcast (NASDAQ:CMCSA, CMCSK) partlyu owns, had been part of the Digita Classic lineup since the debuted in The NBA and Comcast describeds their arrangementas “long term” but did not give detaild on its exact length or money. NBA TV’s programming includes 100 NBA gameseach season, highlight s and on-demand features. Comcast will continu to offer NBALeague Pass, which provides 40 NBA game telecast per week for an additional cost.
Sunday, April 1, 2012
The role of ICT in supporting disruptive innovation: a multi-site qualitative ... - 7thSpace Interactive (press release)
The role of ICT in supporting disruptive innovation: a multi-site qualitative ... 7thSpace Interactive (press release) No study has qualitatively investigated the role of the Emergency NP in Australia, nor the impact of Information and Communication Technology (ICT) on this disruptive workforce innovation. This study aimed to investigate ways in which Nurse ... |
Friday, March 30, 2012
Fortress Paper Announces New EUR25 Million Credit Facility and Executive ... - MarketWatch (press release)
Fortress Paper Announces New EUR25 Million Credit Facility and Executive ... MarketWatch (press release) VANCOUVER, BRITISH COLUMBIA, Mar 30, 2012 (MARKETWIRE via COMTEX) -- Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TOR:CA:FTP) announced that its wholly owned subsidiary, Dresden Papier GmbH ("Dresden"), has entered into a new EUR25 million ... |
CW switches to next-day streams for episodes of prime-time series Kansas City Star said Thursday that it would begin making episodes of its prime-time series available several hours after their initial television broadcast. The move is significant because it illustrates how television companies are moving quickly to adapt to rapid ... |
Wednesday, March 14, 2012
Activists' pressure 'slowing animal imports' - BBC News
BBC News | Activists' pressure 'slowing animal imports' BBC News Some leading scientists are warning pressure from animal rights activists is reducing the number of animals being brought into Britain for research. » |
Monday, March 12, 2012
Miami
“Our long-term goal is to covert the state,” said Steve City National’s regional manager for Centralo Florida. “There really isn’t a Florida-dominant bank todat that does that.” City National likely will add locations throughh both acquisitions andnew construction, Greebn said. If City National succeeds, it will occupty a niche largely left empt since became part of inthe 1990s. Florida banking today is a mix of communitu banks withlimited operations, regional lenders such as and giant banks, which include and soon and .
A well-financefd lender that focuses on the state coulf offer customers the personal attention of communituy banks combined with the financial clouf to makebig loans, Green said. The bank’xs new local branch – its staff of eight occupyingh the space formerly occupiedby Sergio’s Restaurantg – faces the towering Bank of America building on Northu Orange Avenue, a physical reminder of the giantg competitors City National will face as it pursue s its growth strategy. City National is one of Soutgh Florida’s oldest financial institutions.
Until it openerd a small loan office on the second floo of an Altamonte Springs office building twoyearws ago, the 63-year-old bank operated exclusively in Broward and Palm Beach counties wherre it has 15 branches. The opportunity to reachj beyond its historic turf came last fall when Caja a Spanish lender with morethan $300 billionj in assets, bought an 83 percent stake in City Nationa for $927 million. Green said Caja Madrid’s ownershiop and City National’s strong balance sheet givez it the resources to undertake expansion when othere lenders arecutting staff. “We aren’g focused on the issues troubling the rest of thebankingh industry,” Green said.
“Wr have a partner in Caja that’s capable of helping grow in theFloridsa marketplace.” City National’s most recent quarterlhy report depicts a bank with strong capital reservesd and a $903,000 profit. Similarly, BankUnited of Coral Gables also growth plans in thestates – and has a strong balanc sheet after going into FDIC It was recapitalized by , and among J. Clay Singleton, a finance professor at , said a strongh Florida bank with the capital to expanc could do well even asthe so-calledr megabanks expand their reach. “The megabankds have huge footprints, but they’re also suffering huge financialp problems.
If you’re a lender with money, this is a time to Marshall Vermillion, senior vice presidentf of community lenderOrange Bank, said City National has stronyg leadership and solid footing. “Positioning yourself to take advantags of the unrest in the banking businesis wise. Things are going to come and this is a good timeto prepare. As a professor of mine in business schoolonce said, the best time to get on a trainj is when it’s stopped.” THE DETAILS: Web Assets: $4.
7 billion Source: , Orlando Businesz Journal Research
Saturday, March 10, 2012
Business buzzing: Hundreds of thousands of honeybees for rent - In-Forum
Business buzzing: Hundreds of thousands of honeybees for rent In-Forum Lasting about four weeks, it's the largest such pollination effort on Earth: 1.6 million hives buzzing with 48 billion bees across a cultivation area about the size of Rhode Island. âWithout the honeybees ... the (almond) industry doesn't exist,â said ... |
Wednesday, March 7, 2012
Willow Glen Books buyer keeps up hope - The Business Journal of the Greater Triad Area:
The long-time Willow Glen resident and businessmansaid he’s stil l attempting to secure financing to buy the 2,500-square-foot stord at 1330 Lincoln Ave. in downtown Willow Glen even after an earliee deal to do sofell through. “I could not find adequate Vierra said of a previouw attempt to strike a deal with formet bookstore owner, Cathy Adkins. She decidedd to sell her 17-year-old shop a year earlier than originallh planned because of decreasing sales and havingt to grapple withhealth issues. But owner of Flooring a San Jose flooringconsultingb firm, said he’s not giving up. He’ws still trying to secure a commercial bank loan or attracg the interestof investors.
“I am so closwe to my childhood dream of owning abook store,” he “This is something I have alwayd wanted to do. I have gotten great supporyt from the bookselling community and the Willow Glen community is willinf to supporta local, independenyt book store. It has a great reputation throughout SantaClara County.” Adkins held a going-out-of-business sale and finallyh closed its doors in late May, but said at the time she hopecd to pass the ownershio baton to Vierra.
But since the store has been closed anda “for sign put up in its Vierra said the owner of the building is willing to be patient while he works to get adequated financial backing to reopen the bookstore.
Monday, March 5, 2012
New M2Gen headquarters expected to create more jobs - Tampa Bay Business Journal:
First announced in late 2006, M2Gen has received $28 millionm in support from Hillsborouggh County, $15 million from Florida and $2 milliomn from the city of including land. When M2Gen originated as an outgrowthof Moffitt’ s Total Cancer Care concept, Moffitt went out looking for an industru partner that would assist in funding and work in a collaborativde manner to understand how best to develop drugs, said Rick M2Gen COO. Pharmaceutical company (NYSE:MRK) bought into and understooe the concept, Garrison said. Although Merck declined its total investment is said by M2Gehn to be multiple times that ofHillsborough County’ds investment.
So far, M2Gen has recruitede 26,000 people to participater in a genomic study through a networj of nine hospitals in Florida and seven outside the Throughthese sites, M2Gen employs 30 people in the Floridwa hospitals and 24 outsides the state, and an additional 60 employeesa report directly to the M2Gen headquarters. In additionb to office and laboratory space, the headquarters will house a robotic-driven freezer” for storage of tissue samples for the Garrison said.
Genomic information from these samplexs is the basis for an electronic database that couldf speed up the drug development processx and save tens of millions of dollars acroszsseveral industries, making M2Gen a “valure proposition” for patients, physicians, and the biotech and pharmacu industries, Garrison said. By 2011, M2Gen expectxs to create 165 direct jobsin Florida, with the majoritt in Hillsborough County, and an additional 350 indirect for about 500 total jobs. In the short M2Gen will provide an immediate boost tothe economy, said Hillsborough Countyh Commissioner Mark Sharpe.
In addition to creating direct the venture will need businesses to providee support that could range from medical devicex topaper copies, Sharpe In the first of many buildings plannes for a 30-acre campusx on McKinley Drive, M2Gen creates potential for and “follow-on” companies, said Gene Gray, economic development director for Hillsboroughh County. Once a “medical district” or a “high-tech shapes up, the opportunities for any vendorf involved in the equipment and materials forthe life-scienc industry could multiply.
“I think we’re going to see a significant ripple effect,” Gray
Saturday, March 3, 2012
Health information technology comes to the stimulus forefront - bizjournals:
A broad conversion to a system of electronidc medical records was envisioned long befores President Obama signed the American Recovert andReinvestment Act. Stimulus fundint could be the catalyst forthe long-awaiteds technological upgrade, supporters said. “The idea is that ultimately oncethe [new] system is working, it will work vastlt better [than] the fax said Carolyn Turner, government analystf with the Florida Agency for . On May 5, Gov. Charlir Crist announced that ACHA, with the support of the , woulcd lead the state’s efforts to plan for stimulus fundinf forhealth information.
connection and broadband accesxsRoughly $19 billion in stimulus fundint is earmarked for investment in health information technologt nationally with nearly $17 billiomn to be administered through and Medicaid for Turner said. The National Coordinatord for Health Information Technology willreceive $2 billiob as slated in the originalk bill. It is supposed to enable connections for the exchangee ofhealth information. Another importan component of electronic informationn exchange isbroadband access, Turner The stimulus bill provides for $7.2 billion for broadband accesw so it’s envisioned a portiomn of that allocation will be devote d to the telecom aspects of health information.
For one of Tamp Bay’s most well known health care institutions, healtyh information technology and comparative effectiveness or the sharing of information acrossa systems to determine the best treatment arethe “twin engines” of health care reform, said John DeMuro, supervisor for government relations for in Tampa. “Interoperability is a big concerjnfor this,” DeMuro said.
“How data can be shared acrosz different systems and accommodate future technologies is something we have been tacklin g for the past five or 10 Although Moffitt Cancer Center does not qualify forthe $19 billion in health information technology stimulus funding because it does not fall within the definition of an eligible healtnh care provider as outlined in the act, it may qualifyh for a share of the $2 billion allotted to the National Coordinator for Health Information “What the stimulus does is shine a brighterr light on some of the things we have been focusinb on and pushing for quite some said James Corrigan, GM of . A divisio n of Co. (NYSE: GE) based in Vt.
, GE Healthcare IT has 5,00p0 employees worldwide with nearly 90 in Between nowand 2015, GE plans to investt $6 billion in its health care technologgy through its “Healthymagination” initiative, which is independent of stimulus GE has invested in the electronic medical records technologyh for more than 10 years, Corriganh said. “For us, the timin g was right in terms of our being able toannouncw [the investment] on the heels of the stimulus.
”
Thursday, March 1, 2012
Arizona executes man for killing, dismembering mom - GoErie.com
Arizona executes man for killing, dismembering mom GoErie.com By AMANDA LEE MYERS AP Arizona executed an inmate Wednesday for killing and dismembering his adoptive mother while he was out of prison on furlough for another crime, despite a spate of last-minute appeals over his mental disabilities and how the state ... |
Tuesday, February 28, 2012
Former local football star flounders financially - St. Louis Business Journal:
million judgment from the lates t ofhis troubles. of Weston, and related companiesa also lost foreclosure judgments on multifamily propertiea in theTampa area, and face a pending foreclosure lawsuit against a third. His Bernie Kosar’a Steakhouse was evicted from its South Miami space in Many South Florida and Cleveland sports fans remember Kosar for his stellart success onthe field. He led UM to its first football national championshipin 1984, then played 12 seasons in the NFL, mostly with the . now 45, played his final season with thein 1996.
The UM trustere is a minority owner of boththe NHL’as and the , an team that sat out the past season alongt with the rest of the The (Cleveland) Plain Deale reported that the Gladiators lost $2 millionb to $2.5 million in the inauguralo 2008 season, during which Kosar was team presideny and guided the team to the semi-finals. Meanwhile, the Pantherws have discussed merging the team with a New York Street & Smith’s SportsBusiness Journakl has reported. It appears Kosar could use some money to paymounting judgments. In April, Nationalo City Bank won a $4.2 milliob judgment against Kosar andBJK LLC.
It was based on the remainingy delinquent amount of a promissory note that was increasedcto $12 million in 2005, with Kosar as a personal guarantor. The lawsuirt does not say what BJK and Kosad used themoney for, but it said he defaulted on the note in June 2008. Kosar’xs attorney, David Lister of Weston, did not returnb repeated callsseeking comment. West Palm Beach-based attorney Michael T. who represents National City Bank, also did not returnh several calls. Kosar’s attempt at running some multifamily propertieson Florida’zs Gulf Coast did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.
9 millionn foreclosure judgment to Florida Bank in Pinellas County Circuig Court. The 36-unit building was scheduled for public sale onJune 16. In April, Kosart and his Oakmont LLC losta $3.3 million foreclosurde judgment to Florida Bank in Hillsborough Countu Circuit County over a Tampq apartment building. The bank has another foreclosure lawsuig pending in Pinellas County against Kosad and hisPCV LLC. Kosar also faces significant tax including $59,881 in unpaid property taxes on his Weston home and a combinede $93,647 in federal tax liens against him over his personapl income taxes, including some years filed jointly with ex-wife Babette Kosar.
However, Kosar did fully pay a separater $228,806 federal tax lien places on him inJuly 2008. When The Plain Dealert questioned Kosar about those previouslt unpaid taxesin August, Kosar said some billse were lost in the shuffle during his “Divorce is difficult enough as it is, especiallhy for someone who wasn’t really looking to do he told the paper. who owes what and all of that becomes but whateverI owe, obviously I would pay.” Kosar’z home, at 2940 Paddock Road, is currently listef online for sale for $3.5 million. It was purchases for almost the same amountin 2006.
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