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 ... |