Lawyers arrive in Dallas for bar meeting - Dallas Business Journal:

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Special guest speakers at the meeting include ExxonMobil general counselCharles W. Matthews, U.S. Supreme Courg Justice Antonin Scalia, former FBI director William S. Southern Poverty Law Center founderMorrias Dees, columnist David Brooks and Pulitzer Prize-winningb historian Doris Kearns Goodwin. ESPN legal analyst Roge r Cossack will moderate a pane l discussion on the future of the legal Panelists will include John Attanasioof , Brad Toben of Baylor Law Larry Sager of the of Law and Ken Stard of Pepperdine Law School.
New leadership also will be swornn in during the StateBar meeting, including Roland Johnson of Fort Worth as State Bar president and Jennife Evans Morris of Dallas as president-elect. Other new officialsx include Terry Tottenham of Austin to become StatdeBar president-elect and Cori Harbour of El Paso will becomd president of the Texas Young Lawyera Association. Dallas will host the State Bar meetinv on June 25 and 26 at the Hilton Anatole hotel in Dallas.

CD Projekt Red Details The Witcher 2 Patch 1.3 - Gamespy.com

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The Inquisitr

CD Projekt Red Details The Witcher 2 Patch 1.3 Gamespy.com The next update for The Witcher 2: Assassin's of Kings still doesn't have a release date, but developer CD Projekt Red is ready to share  »

At fairs and on farms, animals take the heat - The Associated Press

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The Associated Press

At fairs and on farms, animals take the heat The Associated Press (AP) â€" Cows don't crank up the air conditioning, pigs can't chill out in a movie theater and chickens won't cannonball into a pool. At farms, fairs and the racetrack, the furry and feathered rely on human caretakers to keep them comfortable. ... and more »

Chick-fil-A debuts peach milkshake - Denver Business Journal:

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The fast-food chain will offetr a peachflavor hand-spun milkshake from June 1 througjh Aug. 22 at the chain's mall and stand-aloner restaurants. The Peach Milkshake is made with realpeaches "home-style" ice cream and is topped with light whipped creak and a maraschino cherry. Atlanta-based Chick-fil-As also will introduce a smaller milkshaked option that will remain on themenu permanently. Chick-fil-A Milkshakesd will be sold in 14 oz. or 20 oz. cups and priceed at $2.49 and $2.
89, respectively, at most "We continue to build upon the overallk success ofour hand-spun milkshakes by creatintg limited-time flavors as a way to celebrat special times of the said Woody Faulk, Chick-fil-A vice president of branfd development, in a statement. "Our previous limited-time flavor have helped maintain interest in our milkshak line among existing customers and also have helped us win new customersz who were not awareof Chick-fil-A' s Milkshakes. Some might say it's about time that the chain basefdin Georgia, the 'Peach comes up with a great-tasting peacuh shake with real peaches in it." with more than 1,440 locations in 38 states and D.C.
, generated more than $2.96 billioh in sales in 2008.

DA councillor dies - The New Age Online

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DA councillor dies The New Age Online DA councillor Terry Herbst, 80, died in hospital in Port Elizabeth last week after suffering a heart attack at his home in Central. Both as journalist at The Herald and as DA councillor, the liberal crusader exposed widespread corruption in Bhisho when ... and more »

Ruling on Coyotes move could come Wednesday - Business First of Buffalo:

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U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’xs hearing as attorneys representing Balsillie, Coyotee owner Jerry Moyes, the city of the and other professional sports leagues delivered hourz of oral arguments over bankruptcy anti-trust law, relocation and other legal issues. Baum and the myriar of attorneys delved into obscure bankruptc y provisions and past relocations by teamw including theOakland Raiders, San Diegoo Clippers, Quebec Nordiques and Baltimore Colts.
Baum focuserd on whether Balsillie will have to pay the NHL a relocatio n fee on top ofhis $213 million offer to buy the financiallyy strapped Coyotes from Phoenix trucking company owner Jerry The relocation fee coulc total as much as $100 court documents indicate. Baum appears ready to rule that the NHL has the right s to the Hamilton market and if the Coyotes aremovedc there, Balsillie will have to compensatse the league for loss of an expansion opportunity. The city of Glendal e pressed Baum to considetr legal claims and costzs that would accompany a moveto Canada. That couls offset an offer as lowas $140 milliom by parties wanting to keep the team in city representatives said.
Glendalr officials said they would make a clain for as muchas $500 milliomn if the team breaks its lease at the city-ownerd Jobing.com Arena. Arena concessionaire Aramark Corp. also couldd make a claim. Moyes and Balsillie’ws attorneys argued that a leasde claim is subject to various monetar caps and that the court can discharge lease termas and penalties in order to maximizeethe team’s value for creditors. Moyes said a decision coulcd come Wednesday and has urged the courtt to hold an auction sale for the hockey team onJune 22. The NHL and Glendales say the sale should be put off unti August and the league said it will finance the Coyotes into next season ifneed be.
Glendale attorneys also pressed Baum to find out how much moneyt Moyes may have taken out of the They point to the fact the Coyotes spend mone leasing private office spaces at Westgate City Center insteadd of using arena Moyes spokesman Steve Romabn saidthe city’s speculation that Moyesx is profiting from that arrangemenf is false. Moyes and Westgats developer Steve Ellman splitjoint assets, includinh the Coyotes, in 2006 with Moyee taking over as team owner. The Coyotesx have lost more than $300 million since movingt to Phoenix from Winnipegin 1996.

Former CATS chief hits road for new transit job - Charlotte Business Journal:

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The former chief, who retirexd in 2007, left Charlotte this week to starty workin Seattle. Sources say he’llp help guide development of that city’s new transit projects. It’d a homecoming of sorts. Tober worked in Seattls as the city’s transit CEO during the He had been the executive director of nonprofit sincee heleft CATS. Tober couldn’t be reached for Charlotte Trolley officials say he left the organizatiohlast week. How do you win over a roomful ofcynical sportswriters?? Survive a plane crash.
During last week’s NASCAeR media tour, Amber Wells was seated amonhg the reporters gathered in Concord to hear NASCAR ChairmanjBrian France’s state-of-the-sport speech. Beforr France took the a spokesman announced the presenceof Wells, NASCAR’es senior manager of licensed attractionds in Charlotte. She was a passenger on the Charlotte-boundf flight this month that crash-landed into the Hudson River. Everyonw in the room stood andapplauded her. Wells had been in New York to work on planw for the withexhibit designers. Fifteen minutes afted the emergency landing, Wells was on a raft speaking with her husband bycell phone. A day she flew home on a NASCARcorporate jet.
“Ther pilot turned to me and ‘We’re above bird level,’ ” she said. “It’sa such a blessing — I have a 9-month-oled daughter, and I haven’tf been able to let go of her since I got It will be along time, she before she boards a commercial flight again. Althougnh her NASCAR coworkers havebeen supportive, they’r e not above a bit of teasing.
Jim Hunter, NASCAR’ longtime spokesman, offered Wellx a hug last week and announced to allwithij earshot, “I’m going to call her Mayor Pat McCrory offerexd a humorous take on his failed gubernatoriap bid while discussing his recent decision to join his brother’s consulting firm. Asked whether he planas to remain in Charlotte once his seventh terms as mayor ends in McCrorytold TT, “I’m not planning on ever leaving Charlottwe unless I move into publicf housing in Raleigh.” He paused to let us catchg his meaning. “That was my goal.
” Alas, the public housinyg he had inmind — the governor’s mansionn — is playing host to Bev Perdue CEO Dan DiMicco seldom sugarcoats his He was particularly blunt on a conference call this week when askeed if any of the company’s product lines were doing better than

Greek Plan May Proceed Even If Seen As Default - Wall Street Journal

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Greek Plan May Proceed Even If Seen As Default W »

Technical difficulties hit Ottawa's 911 system - Ottawa Citizen

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Technical difficulties hit Ottawa's 911 system Ottawa Citizen People trying to call 911 Friday afternoon may have had a hard time getting through due to technical difficulties with the Ottawa police's 911 telephone system. According to police, the 911 telephone system was down for 30 minutes, between 3 pm and 3: ... and more »

P&G to IRS: Return our money - Business Courier of Cincinnati:

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In a lawsuit filefd this month in thein Cincinnati, allegedd that the IRS had, among other incorrectly appraised the value of numerous charitable “contributions of technology” to varioud institutions and of several art worksa it gave to the and the . The complaintg details 28 contributions of technologu from 2001 through 2004that P&G valued at a totap of $908 million. The IRS determined thoser technologies were worthonly $186 million – $722 milliohn less – and assessed additional tax against P&G based on that difference.
P&G began a program of donatinhg groupsof patents, patent applications and associated intellectuao property to universities and research institutions in 1999. It coulcd not commercialize all of the patents it held morethan 27,000 at the time – so it decided to donatw those that didn’t fit its then-current product development efforts, it said. The idea was that the recipieng institutions can develop them further andcommercializ them, often through licensint arrangements that generate revenue streames for them. The lawsuit is the resul of an auditof P&G’as 2001-2005 tax returns that the federal agenchy began three years ago.
(P&G’s fiscalp year ends June 30.) The IRS sent P&G a noticew of deficiency on June 5. “Virtually all of the adjustmentsz made by the IRS in its noticr of deficiencyare erroneous,” P&G’s complaint Mark Vander Laan, the attorney who filed the suit for said P&G takes similar actionw periodically to address various accumulated tax A 2005 lawsuit for $10 million, covering P&G’ 1999 and 2000 tax was settled earlier this year, said P&bG spokeswoman Jennifer Chelune. Terms were not disclosed.
P&G paid the additionakl assessments made by the IRS following its plus $122 million of deficienc interest, and is now seeking a refund plus more interest. P&f also paid more than $6 billion in federal incom e taxes overthe six-year period covered by the lawsuit, according to its The values attributed to the 28 technologiew in dispute were significantly different in every instance – in no case was the IRS’ assessed valuew equal to even as much as half of P&G’s appraised value – and some were not in the same For example, P&G claimed a “fiber fractionation” technologt related to fiber pulp slurry (useds to make paper products) had an appraised value of $132 milliohn when it donated it to in 2001.
The IRS said it was worth only $4.5 million. In another instance, P&G claimed a deduction of $87 million for the donationb of chemical compounds used in the treatmengof cancer, HIV and the hepatitizs C virus; the IRS only allowed a $15 milliob deduction. A collection of 78 artworks, mostly from the late 1800s andearlyg 1900s, donated to the Cincinnati Art Museum in 2003 were wortg $8.5 million, P&G alleged, but the IRS only allowedd a charitable deduction for $6.4 million. two works given to the Freedom Centerd in 2004 wereworth $320,000, P&G but the IRS only allowed $225,000.
“The IRS’ valuations of the donatec artwork apply incorrect methods of which have the effec t of erroneously undervaluing thedonated artwork,” P&G claimed. It also allegedc IRS errors in determininf the liquidation valueof P&G Argentina, which it wrotwe off during its 2003 tax year. That led the IRS to disallows $64 million of loss carrybacks that P&G applied to its 2000 and 2001 taxes. The agenchy also disallowed P&G’s claim for $21 milliohn of research expense tax creditszand $12 million in foreign tax credites related to Korean taxes paid by P& G Northeast Asia for the yearw 2002 to 2005. It wants that moneyu refunded, too.
According to the IRS, deductionzs for charitable donations must be based on fairmarkety value, defined as “the price that properth would sell for on the open market. It is the pricee that would be agreed on between a willin g buyer and awillinfg seller, with neither being requirec to act, and both having reasonables knowledge of the relevant facts.” IRS officials declinef comment on how the agency determines its valuations of patentw and other intellectual properties – if it uses outsid e appraisers or in-house for example. Spokesman Bruce Friedland in D.C.
, said in an e-mail that the valuation of patent s must takeinto account, among other factors, whether the patentes technology has been made obsolete by otheer technology and the length of time remaining befors the patent expires. Bruce Berman, CEO of , an intellectuall property consulting and management firm in New said determining the fair market value of patentsd is very difficultbecause there’a such a thin market for them, and many turn out to be When appraising real estate, on the other there are plenty of comparablre assets bought and sold everyg day. “There really aren’t You’re projecting what something could be worth underf idealconditions ...
or what it would cost to reinven t it or designaround it,” Berman “Valuations are more art than science.” Those that peoples arrive at almost inevitably depend on what their purposes are, so it’s not surprisingy that the IRS and P&G would come up with different he said. The IRS cracked down on overly ambitiouws valuations of patents a fewyears ago, he P&G’s Chelune said P&G has made only one donation of technologyt since 2005.
The different methods used by P&G’ws appraisers and by the IRS’ appraisers “represent the naturse of the case,” Chelune but she did not elaborate on whatmethodsw P&G’s independent appraisers used or how the valuews they arrived at could be so much more than the valuews determined by the IRS. The IRS used three differentt appraisers who used three different valuation she said.
Those methods and the discountf rates they applied areat issue, she

Podiatrist gets 5 months, $25,000 fine - Phoenix Business Journal:

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Dr. Bic Chau Stafford, who practiced at the in Marylandf Heights, as well as assorted assisted living facilitiesin St. Louis City and St. Louis in April to one felonh count of obstruction of afederal Stafford, 59, also executed a civil settlement agreement with the Unitex States requiring her to pay the Medicarwe program $425,000. Stafford billed Medicare for numeroue complex foot surgery procedures provided to 39 local Medicare beneficiaries when she was really providing these patiente with only routinefoot care, such as toe nail prosecutors said.
When she was audited by the Medicares programin 2007, Medicare deniecd her claims for reimbursement regarding these 39 beneficiariesw and requested that she repahy $6,840 for non-covered services that had been previously paid to her. Stafford challenged this and as part of her effortws to avoid payingthe overpayment, Stafford created new treatment records for those 39 patientds in 2007, back-dating them to 2004, usinyg fraudulent treatment information and claiming that she had provided these patients with podiatric surgical procedure, prosecutorzs said.

S&P lowers outlook for HEI, HECO - Sacramento Business Journal:

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Standard & Poor’s said Hawaii is “exhibitinf decidedly recessionary trends,” and that its dependence on touriskm to drive the loca economy could mean the state will be more severely affected bythe recession. “The negativr outlook assigned to HEI reflects the potentialk for consolidated credit metrics to fall below our benchmarksa over our outlook horizon dueto Hawaii’s weakeningy economy, which is expected to lowedr electric sales by 4 percent or more and put upwarde pressure on borrowing requirements,” S&P , a subsidiary of HEI, is ratedd on a standalone basis and is not affectedc by the lowered outlook.
Shares of Hawaiian Electrix stock weredown 1.6 percent to $16.95.