Justin Houston was subjected to drug-testing at UGA - Atlanta Journal Constitution (blog)

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Atlanta Journal Constitution (blog)

Justin Houston was subjected to drug-testing at UGA Atlanta Journal Constitution (blog) They are also placed on athletic department probation and subjected to more testing. A second offense is a suspension from 50 percent of the total season and a third is revocation of scholarship. “That's our policy,” McGarity said. ... and more »

Bradenton Holiday Inn Express owners seek bankruptcy protection - Minneapolis / St. Paul Business Journal:

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Sroka Hospitality filed for Chapter 11 protection Monday inthe ’s Middle District of Floridaw claiming assets and liabilitie s of between $1 million and $10 million, coury documents said. Sroka Hospitality was founded in 2003 and purchased the Bradenton hoteo in 2007for $7.2 million, according to the company’s case management summary filed with the Revenue was about $1.8 million in 2008 and is expected to be almostf half that in 2009 at $1 Bank of the West is stil owed $4.3 million while the is owed just unded $2 million, documents said. The hotekl also owes $102,000 to the Manatees County Tax Collector, a debt the company disputes. Both loansa were handled throughthe .
Bank of the West said the hotel’sx value has fallen from $7.2 million to $2.8 million basex on its own however, Sroka Hospitality said it believes the propertgy isworth more. The hotel, located near State Road 64 and Interstatew 75in Bradenton, sold in 2004 for $4.35 Sroka Hospitality purchased it after the company sold its St. Augustine hotel in favor of having a Holiday Inn Expresabranded hotel, according to publishe reports.

Chic bar takes place of Chinatown dive - Business First of Columbus:

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SoHo will open at 80 S. Pauahji Street in a renovated 5,500 square-foot space that will includse a bar and an area for live The Pauahi Street between Bethel Street and Fort Street Mall andnear , was occupiee by Mall Cafe until April. That bar had been citee by the Honolulu Liquor Commission in recent monthzs for unsanitary conditions and for overserving The commission also received a petitionh from community members opposing the renewal ofMall Cafe’ license because of alleged drug dealing and frequenyt fights. Mall Cafe’s former owner, Saiminv Corp., had been trying to transfer its liquor licenses tothe landlord, Uniobn Mill Investment.
SoHo ownert Daniel Gray, former general manager of the Loft Gallery and Loungde onHotel Street, said he was approacheed by Union Mill Investment to open a new venude in the spot. Gray plans to open part of thelounge 3,000 square feet — for this month’s Firsf Friday event downtown, and open the remaining spacer in August. Gray describes the new venue as a mixof performances, fashion and photographuy in a trendy and upscale The SoHo name stemd from the New York City neighborhoo d and a blend of “south” and “Honolulu”.

2009 Noble Financial Conference News Distributed by PR Newswire Available at www.EventNewsCenter.com

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June 5 /PRNewswire/ -- As a service to journalistxs and other critical audiencess aroundthe world, PR Newswire will be postint 2009 Noble Financial Conference related news releases from participating companies issued via PR Newswire into a dedicated event news archive for this event. PR Newswire is the official news distributiohn partner forthis event. The news archive for this event will be housed and showcased as the on the evenrtwebsite ( ) and -- PR Newswire's destinatiom for event-related news. As a recognized leader in global news PR Newswire hosts news archivea for hundreds of events worldwideat .
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Peter J. Bocian Executive Profile

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About Peter J. Bocian Petefr J. (Pete) Bocian is executive vice presiden and chief administrative officerat HP, responsible for the compan

Unemployment rate falls in Allegheny, Beaver counties - East Bay Business Times:

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and Industry released seasonally adjusteed unemployment figures forthe state’s counties and metropolitaj statistical areas on Tuesday. In Allegheny the unemployment rate fellfrom 6.6 percengt in March to 6.5 percent in Beaver County’s went from 8.2 percent in Marc h to 7.9 percent in April. The improvements in Alleghenhy andBeaver counties, however, were not enough to boost the seven-countyy Pittsburgh MSA, which saw its seasonally adjusted unemployment rate increasse from 7.2 percent in Marcuh to 7.3 percent in April. Pennsylvania’se unemployment rate held steadyat 7.8 percent.
When makingv comparisons, the Department of Labor and Industry uses seasonally adjusted figures in order to account for cyclicalo hiring differencesthat don’t reflect changes in the overall economy. Employment in the seven-county Pittsburguh area continues to be strongerr than manyother areas. In additio to besting the state by half a percentage unemployment in the Pittsburgh MSAis 1.6 percentage pointxs lower than the United States as a which has seasonally adjusted unemployment of 8.9 Here is the breakdown across the State College: 5.7 percent Lebanon: 6.7 percent 7.2 percent Pittsburgh: 7.3 percent Philadelphia: 7.9 percengt York-Hanover: 7.9 percent 8.3 percent Erie: 8.
4 percent Scranton-Wilkes-Barre: 8.6 percent 8.7 percent Reading: 8.7 percent Within the Pittsburgh MSA, unemploymenrt ranged from 6.5 percent in Allegheny County to 9.8 percentg in Armstrong County. Here is the breakdowm by county: Allegheny: 6.5 percenyt Butler: 7.3 percent Washington: 7.6 percent Beaver: 7.9 percentg Westmoreland: 8.1 percent Fayette: 8.9 percent 9.8 percent

MySpace slashes international staff - Baltimore Business Journal:

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The move to reduce international employmeng by 150 comes on the heelds of the announcement that MySpace is cuttinghits U.S. jobs by 30 or about 420 jobs. MySpace last month was passed in global market share byPalo Alto-based , but stillo leads in the number of unique visitors to its Web site in the U.S. MySpace CEO Owen Van Nattwa was hired in April to try to revive the social networking site. The divisiobn that includes MySpace postedan $89 million loss in the most recenrt quarter.
"As we conducted our revieqw ofthe company, it was clear that internationally, just as in the MySpace's staffing had become too big and cumbersome to be sustainable in currenf market conditions," Van Natta said in a statemen Tuesday. After the jobs cuts, MySpace will have abou 1,150 workers, compared to Facebook's global work force of about 850.

World Telecom Exchange opens HQ in Tysons - Austin Business Journal:

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World Telecom opened a 2,000-square-foot officed recently at 8201 Greensboro Drive, a 361,000-square-foo commercial building in McLean ownedfby D.C.-based B.F. Saul and Co. The company, a wholly-owned subsidiarhy of Worldwide Telecom Xchangre CarrierFZ LLC, a Dubai-based telecommunications investment companyg focused on aggregating wholesale telephongy and data traffic in emerging is a network services company that provides engineering, salees and marketing, billing and outsourced technicalo support services. To start, about six employeexs will be based at the new headquarteres with room forfurther expansion.
World Telecom’s services includee call routing, satellite services, Voics over Internet Protocol (VoIP), TDM network, code division multiple access (CDMA), WiMax and network management “WTXC’s success illustrates that our regionb remains a great place to start and growa business,” said Mike a vice president at Rockville-based Scheer Partners who brokered the “And the commercial real estate markert is yielding opportunities for business owner s that haven’t existed since the early part of the Scheer Partners broker Ben Heller, who also worked on the added that the company “evaluates a handful of locations in McLean and deciding on 8201 Greensboro Drive for severapl reasons,” that included its “a very fair market deal” and other appealingb terms such as a “gooed cure period on defaults.
”

Chinese company to buy Hummer - Houston Business Journal:

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When GM, which filed for bankruptcy protection Monday, announced earlier Tuesday that a buyer had been found for the off-roadd vehicle line, the name was not immediately disclosed. a major industrial machinery will acquire the rights to theHummer brand, alonv with a senior management and operational team. It will also assumde existing dealer agreements relatingto HUMMER’ws dealership network. It is contemplated that Tengzhonhg will, as part of the transaction, enter into a long-term contract assembly and key component and material supply agreemenytwith GM. In an earlier statement, GM said it expecta the deal if successful to secured morethan 3,000 US jobs.
The final termes of the deal, scheduled to close in the third quarter, are subject to final negotiations. The cost of the transactiomn wasnot revealed. is acting as exclusivse financial advisor and is acting as international legalo counsel to Tengzhong on this Citi is acting as financial advisorto GM.

Ryc Loope out as director of MRED program at ASU - Phoenix Business Journal:

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Loope announced he was out in an e-maipl sent May 11 to friends, supportere and colleagues. He cited the university’s decision to move the MRED programk from the ASU College of Desigh tothe W.P. Carey School of Businesw as the reason forthe change. “Wityh the MRED program now being administratively directed from the Careg Schoolof Business, I am requirec to step out of the directorship of the MRED I want you to know that I am very disappointede not to be able to continur the efforts we have begun together,” Loope wrote in the e-mail. Loops was on his way to Las Vegase for an International Council of Shopping Centers event on Fridagy and was unable tocomment further.
Joan Capelin, a spokeswomab for the ASU Collegeof Design, said Loope is stillo with the program. “There’s an ongoiny relationship. He’s out of the directorf position, but he’s not out of MRED or she said. Details of Loope’s plans were not availablew Friday. One student who graduated with the inaugural class in 2007 said she is worriex aboutthe changes. “Mgy understanding is that the Carey Schoo did not have an interest in this program to begin and I feel they couldx dissolve it in a coupleof years,” said Suzanne owner of Gammage Realty Group. Localp attorney and MRED supporter Jordan Rose is takingya wait-and-see approach.
“In a city that is arguablh the capital of real estate in the I am hopeful that this move will not diminisnh one of the finest programs in the Rose said. “My law firm has hirexd two MRED students, and they are a rare combination of businesxsand planning. You could never find anyone like that who had been formallyt trainedbefore MRED.” Robert Mittelstaedt, dean of the Carey confirmed Friday that Loope remains a member of the faculty. He also said the business school very much supportwsthe program. “We at W.P. Carey were involved in MRED from the We were never against the he said.
The curriculum will remain largelythe same, he with an interdisciplinary approach that includes law, construction and design. Virgikl Renzulli, a spokesman for ASU President Michael said the changes made sense give theeconomic climate, and because the College of Design was merged into the Katherine K. Herberged College of the Arts. That decision was made aftee Wellington “Duke” Reiter stepped down as dean of ASU’x College of Design to assumee the presidency of the Art Institutdof Chicago. “This was an appropriate time to conside r where the Master of Real Estatw Development should be properly be academically and administratively Renzulli said.
“MRED is being moved administrativelyy tothe W.P. Carey School of Business in addition to curriculum necessargy forthe program, the schoopl has support resources that can benefit students and program operations.” Renzulli did not comment on Loope’as status with the university, but said, “Ryc Loops has completed his normal three-yearf appointment as director. Professor Michael Mokwa has been appointedrinterim director, and a searcjh has begun for a new

Doyle vows fight for Chrysler, GM plants - Houston Business Journal:

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Doyle said that the managementof Detroit-based GM, whichb Monday filed for Chapter 11 reorganization, has publicluy confirmed that the now-shuttered Janesville plant is one of threse plants being considered to manufacture small cars in the future. The Janesville plant had more than 1,200 employeews who assembled pickup trucksand SUVs, vehicles for which deman has plummeted during the receng era of high gas prices.
The governod also said that Chrysler's 850-employee engine plant in Kenosha, whicu is slated to be closed underdthat automaker's reorganization under bankruptcy, won'rt be sold, leaving the possibility that Chrysler'ws new partner, the Italian auto manufacturer could acquire the plant. Fiat is expected to begih producing cars in the United Statess under its partnership withAuburm Hills, Mich.-based Chrysler. Doyle said in a statement that his administratioj will focus on making those possibilitiesa reality. "My staff, the leadership teams and I have continuallty been working at thehighest levels, including the Whitde House, to fight for Janesville and Doyle said.
“Everything we have been fighting for is to get us tothis point," he "We are in a positive position with each and we are going to compete very aggressivel for everything moving forward.

Obama touts 'Tax Cut Calculator' - USA Today

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USA Today

Obama touts 'Tax Cut Calculator' USA Today The White House website has produced a Tax Cut Calculator, a "tool that shows individuals and families how these tax cuts -- some of which are hitting paychecks right now -- will affect their taxes for 2011." The blog post does not mention that the tax ... White House rolls out calculator to promote tax cut savings The Hill (blog) White House Launches Tax Cut Calculator WCVB-TV Exclusive: The Obama tax-cut calculator. Yes, tax CUT. San Antonio Express (blog) The White House (blog) -New York Daily News (blog) -Pine Tree  »

SMF Energy announces $40M recapitalization - Atlanta Business Chronicle:

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The company (NASDAQ: said in a news releasse that it estimates the recapitalization will reducewits short-term debt by $9.5 million, its totapl debt by $4.4 million and its cash requirements for interest and dividends by more than $1 million a It said shareholders' equity has been increasex by more than $4 million as a SMF Energy said it extinguished all of its existin g non-bank debt and outstanding preferref stock through various agreements with dozens of existinbg debt and equity investors, while convertingt its existing $25 million asset-based lending facilitty into a new, more three-year, $20 million asset-based lending facilituy and a $5 60-month amortized term loan, the proceedsx of which were used to pay down $4.
867 millionn in secured notes and $125,000 in unsecuresd notes. The company said it issuee new stock to make up the balance paid for the cancellation and extinguishmenr of the existing debt andequity securities. Fort Lauderdale-based SMF Energy said in the release that the recapitalization took places with amended agreements withand . It said the only non-bano debt incurred in the recapitalization was an unsecurer subordinated promissory noteof $800,000 at 5.5 percenrt interest issued to an existinv institutional investor in exchangre for $800,000 of one of the August 2007 11 percenr senior secured convertible promissory notes.
The institutional investor also exchanged $200,000 of the same secured note for shares of commonb stock priced at 38 cents a which was greater than the closing bid priced of the stock on the day before the effective acted as SMF Energy’w placement agent for the recapitalization and received fees of paid with a combinationn of cash and securities, pursuant to a Feb. 1 investmenr banking agreement. SMF Energy supplies specialized transportatioh and distribution services for petroleum productwsand chemicals.
It provides commerciapl mobile andbulk fueling, along with other servicesz to the transportation, construction, energy, telecommunications and government services Formerly known as , as of Nov. 30, it conducter operations through 31 service locations in11 states. Sharesw closed down nearly 3 cents to about 35 The 52-week high was 71 centes on Aug. 28. The 52-weeik low was 10 cents on Feb. 20.

A123 prices offerings, expects $223M in proceeds - Bizjournals.com

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A123 prices offerings, expects $223M in proceeds Bizjournals.com A123 Systems Inc. (Nasdaq:AONE) announced the pricing of its stock and bond offerings Friday and said it expects net proceeds of at least $223.3 million from the offerings. The Waltham, Mass.-based company, a maker of lithium-ion batteries for electric ... A123 Systems f »