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The deal, which closed Saturday, amplifies M&T Bank’as presence in Maryland with the additio n of 135 bank branches and 190 Bank officials say there are now more than800 M&TT Bank branches and more than 1,800 ATMs throughout New Pennsylvania, New Jersey, Delaware, Virginia, West Virginia and D.C. At the same time, the acquisitioh means that 520 Provident jobs will be lost in theBaltimord area. M&T Bank has said former Provident employeees will have first dibson M&T Bank’s vacantr positions.
Under the agreement, former Provident chairperson and CEO Gary Geiseo has been named a directorof M&T Bank and M&T Bank Provident common stockholders will receive 0.17 shares of M&Tf common stock in exchange for each share of Provident commo n stock they owned. At the end of M&T Bank reported $64.9 billion in assets, while Providenyt reported $6.5 billion in assets, bankingv officials said.
Friday, May 11, 2012
Thursday, May 10, 2012
M.D. Anderson
lyubomiradete.blogspot.com
Young patients at M.D. Anderson have createc a line of products for animal lovere that will be available for sale onJune 10. Stum and his dog pal, J.R., winnedr of the 2001 Westminster will visit patients atthe Children’s Cancer Hospitap at M.D. Anderson on June 10 sportinv the Children’s Art Project’s new bandana featuring the artwork of threepediatriv patients. In addition to the “Flag” pet bandana, the Children’s Art Project is introducing a collection of five dog ornamentsz from Joy to the WorldCollectibles — a line of glassa ornaments blown and hand painted in Poland — each wearingg the “Flag” bandana.
The project also has “Candy Cane” dog shirtxs and “Joy Wreath” bandanas available for owners to purchase for their pets duringg theholiday season.
Young patients at M.D. Anderson have createc a line of products for animal lovere that will be available for sale onJune 10. Stum and his dog pal, J.R., winnedr of the 2001 Westminster will visit patients atthe Children’s Cancer Hospitap at M.D. Anderson on June 10 sportinv the Children’s Art Project’s new bandana featuring the artwork of threepediatriv patients. In addition to the “Flag” pet bandana, the Children’s Art Project is introducing a collection of five dog ornamentsz from Joy to the WorldCollectibles — a line of glassa ornaments blown and hand painted in Poland — each wearingg the “Flag” bandana.
The project also has “Candy Cane” dog shirtxs and “Joy Wreath” bandanas available for owners to purchase for their pets duringg theholiday season.
Tuesday, May 8, 2012
Maderis stepping down from Five Prime - bizjournals:
xysecurakihir.blogspot.com
The company has hired Juliqa Gregory, the former executive vice president and chief financiall officerat , as Maderis’ replacement. Maderis’ healtu condition was not but she will continue to serv e onFive Prime’s board of directors and as a consultant. Her finap day on the job is June 18. “Gail’s leadershipp has been pivotal in the progres Five Prime has made in developinyg our pipeline and our newdiscovergy platform,” said company founder and executives chairman Dr. Lewis “Rusty” Williams in a pressw release.
Maderis said the company had been lookingb for a replacement since late last year after doctordsaid "the 24/7 pace of a small-companyy CEO" could worsen her condition. Besidesd her duties at Five Prime, Maderis has been a cheerleader for the MissiomBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibodt and protein drugs for cancer andother diseases, was the firstg to locate in Mission Bay, taking abougt 30,000 feet in the building on Owenzs Street. Earlier this year, it took an additional 5,000 square feet next door at 1700 Owenzs as it makes batches for its Phase I oncologyudrug program.
The timing of the executive change as Five Primes moves forward with its lead cancer programmakes Gregory’s appointment a cruciao one. At Lexicon, Gregory was responsible for financingy strategies, mergers and acquisitions, businesxs operations and all financial managementand accounting. She raised abouf $1 billion in public and private equity, product developmentr financing andother Gregory, who will join Five Prime’s was an investment banker for more than 20 At and Dillon, Read & Co. Inc.
she was head of healthcard andinvestment banking, leading several privater and public equity deals as well as mergers and Gregory also is a membet of the board of The and the ’sw .
The company has hired Juliqa Gregory, the former executive vice president and chief financiall officerat , as Maderis’ replacement. Maderis’ healtu condition was not but she will continue to serv e onFive Prime’s board of directors and as a consultant. Her finap day on the job is June 18. “Gail’s leadershipp has been pivotal in the progres Five Prime has made in developinyg our pipeline and our newdiscovergy platform,” said company founder and executives chairman Dr. Lewis “Rusty” Williams in a pressw release.
Maderis said the company had been lookingb for a replacement since late last year after doctordsaid "the 24/7 pace of a small-companyy CEO" could worsen her condition. Besidesd her duties at Five Prime, Maderis has been a cheerleader for the MissiomBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibodt and protein drugs for cancer andother diseases, was the firstg to locate in Mission Bay, taking abougt 30,000 feet in the building on Owenzs Street. Earlier this year, it took an additional 5,000 square feet next door at 1700 Owenzs as it makes batches for its Phase I oncologyudrug program.
The timing of the executive change as Five Primes moves forward with its lead cancer programmakes Gregory’s appointment a cruciao one. At Lexicon, Gregory was responsible for financingy strategies, mergers and acquisitions, businesxs operations and all financial managementand accounting. She raised abouf $1 billion in public and private equity, product developmentr financing andother Gregory, who will join Five Prime’s was an investment banker for more than 20 At and Dillon, Read & Co. Inc.
she was head of healthcard andinvestment banking, leading several privater and public equity deals as well as mergers and Gregory also is a membet of the board of The and the ’sw .
Sunday, May 6, 2012
GM bankruptcy expected by June 1 - The Business Journal of Milwaukee:
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“I don’t know all the details but I wouled expect General Motors to go right up tothe deadline,” said Garryy Graber, a lawyer with Hodgsojn Russ who specializes in business bankruptcies. Chapterf 11 would allow GM, which shut down the last remaininv production line at its Janesville plant last tocontinue operating, but would protect it from creditor s by allowing it to with bankruptcy court approval, many of its financial Graber said. General Motors edged closer to bankruptcyh Wednesday with the announcement that it has failed to persuade enoughj creditors to accept a 10 percent staked inthe 101-year-old company in place of theird $27 billion in debt.
GM said its board will meet to decide its next step aheard ofthe government-imposed June 1 deadline to produc e a plan that would show that it can survivre without a bankruptcy filing. Meanwhile, leaders representint union members at Generalp Motors facilities across the country on Tuesday voted unanimouslyg to recommend for ratification a new settlement agreement that modifies the2007 UAW-Gn national agreement as well as changees to the Voluntary Employee Beneficiary Association trust for retiree health care.
“I don’t know all the details but I wouled expect General Motors to go right up tothe deadline,” said Garryy Graber, a lawyer with Hodgsojn Russ who specializes in business bankruptcies. Chapterf 11 would allow GM, which shut down the last remaininv production line at its Janesville plant last tocontinue operating, but would protect it from creditor s by allowing it to with bankruptcy court approval, many of its financial Graber said. General Motors edged closer to bankruptcyh Wednesday with the announcement that it has failed to persuade enoughj creditors to accept a 10 percent staked inthe 101-year-old company in place of theird $27 billion in debt.
GM said its board will meet to decide its next step aheard ofthe government-imposed June 1 deadline to produc e a plan that would show that it can survivre without a bankruptcy filing. Meanwhile, leaders representint union members at Generalp Motors facilities across the country on Tuesday voted unanimouslyg to recommend for ratification a new settlement agreement that modifies the2007 UAW-Gn national agreement as well as changees to the Voluntary Employee Beneficiary Association trust for retiree health care.
Saturday, May 5, 2012
FDA okays Hologic birth control system - Houston Business Journal:
vittitowmehigyk1238.blogspot.com
Company officials say the system is designer to provide womena less-invasive alternative to tubal The procedure does not involve an incision and can be performed in a doctor’zs office using local anesthesia. In January Hologic received European approval for the Adiana system and commencee marketing and sales of this product in certainEuropean countries. The Adian procedure is indicated for womeh who desire permanent birt h control by occlusion of the fallopian In theAdiana procedure, a slender, flexible instrument is inserted to deliver a low level of radiofrequency (RF) energy to a smal section of each fallopian tube, companyh officials say.
Then a tiny, soft insert about the size of a graim ofrice — is placed in each fallopiab tube. During the three months following the the patient continues to use temporargy birth control while new tissue grows in and aroundd theAdiana inserts, eventually blockingv the fallopian tubes. At three months, a speciapl x-ray test is performed to confirj the fallopian tubes are completely blocked and the patient may begin relyingb on Adiana forpermanent
Company officials say the system is designer to provide womena less-invasive alternative to tubal The procedure does not involve an incision and can be performed in a doctor’zs office using local anesthesia. In January Hologic received European approval for the Adiana system and commencee marketing and sales of this product in certainEuropean countries. The Adian procedure is indicated for womeh who desire permanent birt h control by occlusion of the fallopian In theAdiana procedure, a slender, flexible instrument is inserted to deliver a low level of radiofrequency (RF) energy to a smal section of each fallopian tube, companyh officials say.
Then a tiny, soft insert about the size of a graim ofrice — is placed in each fallopiab tube. During the three months following the the patient continues to use temporargy birth control while new tissue grows in and aroundd theAdiana inserts, eventually blockingv the fallopian tubes. At three months, a speciapl x-ray test is performed to confirj the fallopian tubes are completely blocked and the patient may begin relyingb on Adiana forpermanent
Thursday, May 3, 2012
HomeTeam Huddle: Stewart the centerpiece of Gibbs' game plan - Tampabay.com (blog)
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HomeTeam Huddle: Stewart the centerpiece of Gibbs' game plan Tampabay.com (blog) ST. PETERSBURG - Gibbs' Emmanuel Stewart tore the ACL in his left knee during the second game of last season. He is back on the practice field for the first time since that injury, and according to second-year coach Antonio Knox, he's at full strength. |
Tuesday, May 1, 2012
Zammuto Plays at Glasslands Gallery - New York Times
houston-nearly.blogspot.com
Zammuto Plays at Glasslands Gallery New York Times ... Gallery on Monday night with songs from its new album, also called “Zammuto†(Temporary Residence), that merge the nimble, the knotty, the philosophical and the pensive, living up to song titles like “Too Late to Topologize†and “Idiom Wind. |
Sunday, April 29, 2012
Miss Manners: Make grandma happy with e-mails of your own - Washington Post
moakhamet84.blogspot.com
Miss Manners: Make grandma happy with e-mails of your own Washington Post My grandmother sends me dozens of forwarded e-mails each week with information such as “watch out for new virus.†I try to be respectful, and even spent some time last semester trying to reply to each e-mail she sent, despite the fact that it was ... |
Saturday, April 28, 2012
Software maker Epocrates quietly performs facelift - Silicon Valley / San Jose Business Journal:
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The privately held San Mateo which provides clinical informatiojnand decision-support software to doctors and other bid farewell to Kirk Loevner, its formed chairman, president and CEO, in Decembe r and in early March name Rose Crane, a former pharmaceutical executive, as its new chiefr executive. Crane was most recentlh group chairman forthe over-the-counter and nutritionall businesses at pharmaceutical giant Johnson Johnson, and a former president of Bristol-Myers Squibb’s U.S. primary care according to Epocrates, which has annual sales of $65 millionj and employs more than200 people.
Also in earlty March, Epocrates promoted company co-founder Jeff Tangney from executive vice president of salesz and marketing to presidentand COO, and made a host of othedr changes in its senior executived ranks, spokeswoman Erica Morgenstern confirmed. Rick Van Hoesen, formerlyt its senior vice presiden of financeand CFO, was promoted to executiv e vice president of finance, retaining the CFO Paul Banta was promoted from seniorf vice president to executive vice president, general counsel and Robert Quinn moved from senior vice president of engineering to executiv vice president, retaining his chief technology officer Joe Kleine, formerly senior vice presidenty of health care sales, is now executivd vice president in charge of a new health care busineses unit.
Matt Campion, formerly a senior vice president ofmarket research, is now executivde vice president of the new markeft research unit. Michelle Snyder, previously vice president of marketing and is now senior vice president in charge of the new subscriberdbusiness unit. Loevner left in Decembedr for “various personal and professional Snyder said, and Crane, the new CEO, “is kind of Epocrates won’t discuss financials — late last year it canceled plans for a $75 milliob IPO — but is happy to talk aboutg its iPhone application for clinicians.
The app has been downloaded by 10 percentg of physicians nationwide in the past nine orabout 75,000 doctors, the company Epocrates boasts that its prescription drug and formularuy guide “continues to rank as the No. 1 free medicalo application downloaded in the AppleApp store,” saying doctors and other health care professionalxs use it to get information aboutg correct drug dosing, adverse reactions and interactions. clinical information is used by 600,000 healthh care professionals worldwide, including 225,000 U.S. doctors. Its goal is to increasw those numbers because Epocrates gains more sponsorship and subscriptioh revenue the more clinicians itsigns up.
As of late last Epocrates had raised morethan $86 million in fundint from VC firms including Sprout Group, Goldman Sachs, InterWest Partners, Draper Fisher Three Arch Partners and Bay City Capital.
The privately held San Mateo which provides clinical informatiojnand decision-support software to doctors and other bid farewell to Kirk Loevner, its formed chairman, president and CEO, in Decembe r and in early March name Rose Crane, a former pharmaceutical executive, as its new chiefr executive. Crane was most recentlh group chairman forthe over-the-counter and nutritionall businesses at pharmaceutical giant Johnson Johnson, and a former president of Bristol-Myers Squibb’s U.S. primary care according to Epocrates, which has annual sales of $65 millionj and employs more than200 people.
Also in earlty March, Epocrates promoted company co-founder Jeff Tangney from executive vice president of salesz and marketing to presidentand COO, and made a host of othedr changes in its senior executived ranks, spokeswoman Erica Morgenstern confirmed. Rick Van Hoesen, formerlyt its senior vice presiden of financeand CFO, was promoted to executiv e vice president of finance, retaining the CFO Paul Banta was promoted from seniorf vice president to executive vice president, general counsel and Robert Quinn moved from senior vice president of engineering to executiv vice president, retaining his chief technology officer Joe Kleine, formerly senior vice presidenty of health care sales, is now executivd vice president in charge of a new health care busineses unit.
Matt Campion, formerly a senior vice president ofmarket research, is now executivde vice president of the new markeft research unit. Michelle Snyder, previously vice president of marketing and is now senior vice president in charge of the new subscriberdbusiness unit. Loevner left in Decembedr for “various personal and professional Snyder said, and Crane, the new CEO, “is kind of Epocrates won’t discuss financials — late last year it canceled plans for a $75 milliob IPO — but is happy to talk aboutg its iPhone application for clinicians.
The app has been downloaded by 10 percentg of physicians nationwide in the past nine orabout 75,000 doctors, the company Epocrates boasts that its prescription drug and formularuy guide “continues to rank as the No. 1 free medicalo application downloaded in the AppleApp store,” saying doctors and other health care professionalxs use it to get information aboutg correct drug dosing, adverse reactions and interactions. clinical information is used by 600,000 healthh care professionals worldwide, including 225,000 U.S. doctors. Its goal is to increasw those numbers because Epocrates gains more sponsorship and subscriptioh revenue the more clinicians itsigns up.
As of late last Epocrates had raised morethan $86 million in fundint from VC firms including Sprout Group, Goldman Sachs, InterWest Partners, Draper Fisher Three Arch Partners and Bay City Capital.
Thursday, April 26, 2012
IXYS Introduces a Higher Efficiency Higher Power Bipolar Module - The MCMA140 ... - MarketWatch (press release)
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IXYS Introduces a Higher Efficiency Higher Power Bipolar Module - The MCMA140 ... MarketWatch (press release) BIEL, Switzerland, Apr 26, 2012 (BUSINESS WIRE) -- IXYS Corporation (NASDAQ:IXYS) , a leader in power semiconductors and integrated circuits technologies for energy efficient products for power conversion and motor control applications, announced today ... |
Tuesday, April 24, 2012
Cincinnati Financial enters Colorado market - Minneapolis / St. Paul Business Journal:
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The insurer said it expects to appointy eight more agencies this year in Colorado and in where it plans to be doing business by the end ofthe “We’ve had our eye on Colorado for several years,” said Kenneth president and CEO. in a news release. “Operating withib its stable regulatory andbusiness climate, we see Colorado as an opportunithy to support our goal of growth and diversifyu our geographic footprint, mitigating catastrophe Colorado is the 36th state where Cincinnati Financial has operations. The insurer has been expandinyg its presence into the West and Southwest for the past11 years.
The company expects to appoint 65 independenty agencies this year throughout the statesw in whichit operates, Stecher added. Cincinnati Financial CINF), headquartered in Fairfield, offer commercial, personal and life insurance producta in theUnited States.
The insurer said it expects to appointy eight more agencies this year in Colorado and in where it plans to be doing business by the end ofthe “We’ve had our eye on Colorado for several years,” said Kenneth president and CEO. in a news release. “Operating withib its stable regulatory andbusiness climate, we see Colorado as an opportunithy to support our goal of growth and diversifyu our geographic footprint, mitigating catastrophe Colorado is the 36th state where Cincinnati Financial has operations. The insurer has been expandinyg its presence into the West and Southwest for the past11 years.
The company expects to appoint 65 independenty agencies this year throughout the statesw in whichit operates, Stecher added. Cincinnati Financial CINF), headquartered in Fairfield, offer commercial, personal and life insurance producta in theUnited States.
Sunday, April 22, 2012
Julie Andrews on 'Princess Diaries' anniversary - San Francisco Chronicle
iqukikofor.wordpress.com
Julie Andrews on 'Princess Diaries' anniversary San Francisco Chronicle I may have done the odd benefit. But I do miss the music. {sbox} Ruthe Stein is The San Francisco Chronicle's movie correspondent. sadolphson@sfchronicle.com This article appeared on page P - 20 of the San Francisco Chronicle. |
Friday, April 20, 2012
Judge rules against CIA whistle-blower who wrote book without agency's permission - Washington Post
borislavamcoc.blogspot.com
Judge rules against CIA whistle-blower who wrote book without agency's permission Washington Post WASHINGTON â€" A federal judge has ruled a CIA whistle-blower will have to forfeit any future money he earns from a scathing book he wrote about the spy agency after he failed to get approval from his former employer prior to publication. |
Thursday, April 19, 2012
Coast Guard defends animal uses in medical training after alleged undercover ... - CBS News
uzirukynurylew.blogspot.com
Coast Guard defends animal uses in medical training after alleged undercover ... CBS News The Coast Guard is defending its practice of using live animals in its combat medical training after an activist group released a video on Wednesday of a goat's legs being removed with tree trimmers during what it said was training for agency personnel ... |
Tuesday, April 17, 2012
Live-Ticker Siegen und Erndtebrück - Siegener Zeitung
andreychukuze.blogspot.com
Siegener Zeitung | Live-Ticker Siegen und Erndtebrück Siegener Zeitung Noch schneller geht es über die Startseite der Siegener Zeitung (www.siegener-zeitung,.de), wenn sie rechts oben auf eines der beiden Vereinslogos klicken. Die jeweiligen Live-Ticker werden ab etwa eine halbe Stunde vor Spielbeginn "scharf" gestellt. |
Sunday, April 15, 2012
Orlando 7-Eleven converts to franchise - The Business Review (Albany):
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The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayh Road, which also has a gasoline will now be owned by franchisee Ermal a former store manager for five years. Dallas-based 7-Elevenm Inc. announced plans in 2007 to convert 100 existing locationsx in the state to franchised Store managers were invited to apply for those franchisesd before the offer went More than40 7-Eleven stores in the Orlando markey are now franchised, with about anothetr 140 owned by the company.
Between eighg to 10 7-Eleven stores throughout the state are being converted into franchise operations each month and plans to have most of the conversionas nationwide completedby 2012, according to a news release. The companu operates, franchises or licenseas about 7,800 stores in Northg America and morethan 36,100 stores in 15 The company reported 2008 salez of more than $53.7
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayh Road, which also has a gasoline will now be owned by franchisee Ermal a former store manager for five years. Dallas-based 7-Elevenm Inc. announced plans in 2007 to convert 100 existing locationsx in the state to franchised Store managers were invited to apply for those franchisesd before the offer went More than40 7-Eleven stores in the Orlando markey are now franchised, with about anothetr 140 owned by the company.
Between eighg to 10 7-Eleven stores throughout the state are being converted into franchise operations each month and plans to have most of the conversionas nationwide completedby 2012, according to a news release. The companu operates, franchises or licenseas about 7,800 stores in Northg America and morethan 36,100 stores in 15 The company reported 2008 salez of more than $53.7
Friday, April 13, 2012
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Baltimore Business Journal:
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The board of Six Flags (OTCBB: SIXF) voted last week to beginj reorganization proceedingsin U.S. Bankruptcy Courg for the Districtof Delaware. The company listed assetw of $3.03 billion and debts of $2.3t billion in its Cascade Investments, the investment firm for Microsoft foundedrBill Gates, owns 11.1 percent of the voting securities in New York-basedc Six Flags, the largest bankruptcy documents show. Six Flage has 97.7 million shares of commohn stockand 1.1 million shares of preferred stock. "The current management team inheritedda $2.
4 billion debt load that cannotg be sustained, particularly in these challenging financialo markets," said Mark president and CEO of Six in a statement. "As a result, we are cleaningt up the past and positioningt the company for futuregrowth ... Following a record year of performancein 2008, which completedr the three-year turnaround of our system-wide park this action to clean up the balance sheet paves the way for a full revivapl of the company," Shapiro said. Elitch Gardens had operated for more than a centurhy at a northwestDenver site.
The old Elitch Gardens shut down in and a new version of the amusemeng park opened a year later in downtown The local Gurtler family and its financiall partners sold the new park to PremieerParks Inc. in 1996 for $65 million. It becamwe Six Flags Elitch Gardensx twoyears later, when Premier acquired Six Flagzs Inc. and changed its corporate name toSix Flags. Six Flagxs sold off Elitch's and other properties in 2007 in a seriess of transactions that left the Denver attractio n in the hands of CNL IncomePropertiea Inc., a real estate investment trust based in Orlando, Fla. CNL reportedlyt paid $312 million for the properties.
CNL arrangedr for Parc Management LLC of Floridaz tomanage Elitch's. Six Flags now operates about 20 Nortbh Americanamusement parks.
The board of Six Flags (OTCBB: SIXF) voted last week to beginj reorganization proceedingsin U.S. Bankruptcy Courg for the Districtof Delaware. The company listed assetw of $3.03 billion and debts of $2.3t billion in its Cascade Investments, the investment firm for Microsoft foundedrBill Gates, owns 11.1 percent of the voting securities in New York-basedc Six Flags, the largest bankruptcy documents show. Six Flage has 97.7 million shares of commohn stockand 1.1 million shares of preferred stock. "The current management team inheritedda $2.
4 billion debt load that cannotg be sustained, particularly in these challenging financialo markets," said Mark president and CEO of Six in a statement. "As a result, we are cleaningt up the past and positioningt the company for futuregrowth ... Following a record year of performancein 2008, which completedr the three-year turnaround of our system-wide park this action to clean up the balance sheet paves the way for a full revivapl of the company," Shapiro said. Elitch Gardens had operated for more than a centurhy at a northwestDenver site.
The old Elitch Gardens shut down in and a new version of the amusemeng park opened a year later in downtown The local Gurtler family and its financiall partners sold the new park to PremieerParks Inc. in 1996 for $65 million. It becamwe Six Flags Elitch Gardensx twoyears later, when Premier acquired Six Flagzs Inc. and changed its corporate name toSix Flags. Six Flagxs sold off Elitch's and other properties in 2007 in a seriess of transactions that left the Denver attractio n in the hands of CNL IncomePropertiea Inc., a real estate investment trust based in Orlando, Fla. CNL reportedlyt paid $312 million for the properties.
CNL arrangedr for Parc Management LLC of Floridaz tomanage Elitch's. Six Flags now operates about 20 Nortbh Americanamusement parks.
Wednesday, April 11, 2012
Proteon Therapeutics gets $12M in venture capital - Silicon Valley / San Jose Business Journal:
iwibacibem.wordpress.com
The funding came primarily from twonew investors, Proteo n said in a Thursday release: in Pa., and the Wellesley Hills, Mass., officer of . The additional funding brings the amountf of venture capital received by Proteonjto $84 million. Proteon Therapeutics, a privately held biopharmaceutical company, was founded in Kansas City and now is basesin Waltham, Mass., outside Boston. Its researcy facilities remain inKansas City. Proteon is developing a bloox vessel-dilating drug candidate. One of the main potential treatmentf benefitsof Proteon’s product is to help establish and maintaihn access points for dialysis patients.
Also Thursday, Proteon said the Food and Drug Administrationh hadgiven “orphan drug” designation to its drug candidatde for the treatment of two conditions in patientsw with end-state renal disease. Orphamn drug designation allows for certaihn tax credits and an extendedx period ofdata exclusivity, accordinyg to the release.
The funding came primarily from twonew investors, Proteo n said in a Thursday release: in Pa., and the Wellesley Hills, Mass., officer of . The additional funding brings the amountf of venture capital received by Proteonjto $84 million. Proteon Therapeutics, a privately held biopharmaceutical company, was founded in Kansas City and now is basesin Waltham, Mass., outside Boston. Its researcy facilities remain inKansas City. Proteon is developing a bloox vessel-dilating drug candidate. One of the main potential treatmentf benefitsof Proteon’s product is to help establish and maintaihn access points for dialysis patients.
Also Thursday, Proteon said the Food and Drug Administrationh hadgiven “orphan drug” designation to its drug candidatde for the treatment of two conditions in patientsw with end-state renal disease. Orphamn drug designation allows for certaihn tax credits and an extendedx period ofdata exclusivity, accordinyg to the release.
Tuesday, April 10, 2012
Aurora's Southlands shopping center damaged by tornado - Sacramento Business Journal:
burwellmitubaes1369.blogspot.com
A twister reportedly touched down nearbyat 1:49 p.m. Sundayh and crossed through the area on an eightto 10-mile-long path for about 30 minutes, the . Firefighters found moderate damage at locatedat E-470 and Smokgy Hill Road, CBS4 News Rooftop heating, venting and air-conditioningt units were damaged, windows were a shed was destroyed, and a car was Natural-gas leaks also were noted. Authoritiez shut down gas service to Southlands earlySundagy afternoon. No serious injuries were reportedx onthe shopping-center but a man in a nearby neighborhoodx who was trying to take pictures reportedlyh was hospitalized with unspecified serious injuries, according to news reports.
A Southlands spokeswoman told CBS4 most ofthe center'se stores will be closefd Monday to allow for continued damags assessment. She said customers shoulfd call individual stores to verify whetherd they are closedor open. Southlands, whichh opened in 2006, is the Denver area's largesr shopping center by retail space, at 1.7 million squars feet. It consists of severakl freestanding buildings connected by pedestrian corridorwsand streets. The complex is owned by Granite Southlands Town Centef LLC and managed by Forestg City CommercialManagement Inc. Four othedr tornadoes were spotted north and east of Denver Sunday and baseball-sized hail struck some areas.
As many as 3,0009 customers were without power for a time in partz of Auroraand Centennial. .
A twister reportedly touched down nearbyat 1:49 p.m. Sundayh and crossed through the area on an eightto 10-mile-long path for about 30 minutes, the . Firefighters found moderate damage at locatedat E-470 and Smokgy Hill Road, CBS4 News Rooftop heating, venting and air-conditioningt units were damaged, windows were a shed was destroyed, and a car was Natural-gas leaks also were noted. Authoritiez shut down gas service to Southlands earlySundagy afternoon. No serious injuries were reportedx onthe shopping-center but a man in a nearby neighborhoodx who was trying to take pictures reportedlyh was hospitalized with unspecified serious injuries, according to news reports.
A Southlands spokeswoman told CBS4 most ofthe center'se stores will be closefd Monday to allow for continued damags assessment. She said customers shoulfd call individual stores to verify whetherd they are closedor open. Southlands, whichh opened in 2006, is the Denver area's largesr shopping center by retail space, at 1.7 million squars feet. It consists of severakl freestanding buildings connected by pedestrian corridorwsand streets. The complex is owned by Granite Southlands Town Centef LLC and managed by Forestg City CommercialManagement Inc. Four othedr tornadoes were spotted north and east of Denver Sunday and baseball-sized hail struck some areas.
As many as 3,0009 customers were without power for a time in partz of Auroraand Centennial. .
Sunday, April 8, 2012
Boatmaker Genmar files Chapter 11 - Houston Business Journal:
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The petition to reorganize its debts was filex Monday afternoonin U.S. Bankruptcy Court in Minneapolis alonfg with more than 20 related Genmar has between 100 and199 creditors. It lists its assets in the rageof $10 million to $50 million and its liabilitiea between $100 million and $500 million, according to courg documents. The largest unsecured creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-basede law firm which is owed $186,700. , a law firm in is owed $155,800. Law firm in is representing Genmar in the bankruptcy The only secured creditors areand , according to a story in the Minneapolisa Star Tribune .
Genmar said it has received commitment fora debtor-in-possession (DIP) financing proposal from both In a statement, Genmard Chairman, CEO and largest shareholder Irwinh Jacobs said sales of the company’e fishing boats, luxury yachts and other producta started to decline in 2008, but worsenesd in recent months. The company’es sales in fiscal 2009, which ends in June, are likelu to be about $460 million, off by more than 50 percentt fromfiscal 2008. “If someone would have said to me as recentlyh as even one month ago that Genmar would someday be filing forChapter 11, I woulde have said it was not even a remotde possibility,” Jacobs said.
Genmar had been makinb some strategy changes inrecent . A spinoff company, Pa.-based , and other Jacobs-relatedf companies aren’t included in the filing. VEC for energy-generatingt windmills.
The petition to reorganize its debts was filex Monday afternoonin U.S. Bankruptcy Court in Minneapolis alonfg with more than 20 related Genmar has between 100 and199 creditors. It lists its assets in the rageof $10 million to $50 million and its liabilitiea between $100 million and $500 million, according to courg documents. The largest unsecured creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-basede law firm which is owed $186,700. , a law firm in is owed $155,800. Law firm in is representing Genmar in the bankruptcy The only secured creditors areand , according to a story in the Minneapolisa Star Tribune .
Genmar said it has received commitment fora debtor-in-possession (DIP) financing proposal from both In a statement, Genmard Chairman, CEO and largest shareholder Irwinh Jacobs said sales of the company’e fishing boats, luxury yachts and other producta started to decline in 2008, but worsenesd in recent months. The company’es sales in fiscal 2009, which ends in June, are likelu to be about $460 million, off by more than 50 percentt fromfiscal 2008. “If someone would have said to me as recentlyh as even one month ago that Genmar would someday be filing forChapter 11, I woulde have said it was not even a remotde possibility,” Jacobs said.
Genmar had been makinb some strategy changes inrecent . A spinoff company, Pa.-based , and other Jacobs-relatedf companies aren’t included in the filing. VEC for energy-generatingt windmills.
Friday, April 6, 2012
Maryland Senator introduces bill to help save newspapers - Los Angeles Business from bizjournals:
karnergetajequ1416.blogspot.com
The Maryland Democrat’s Newspaper Revitalization Act would allow newspapers to operate as ifthey choose, under 501(c)(3) status for educational similar to public broadcasting stations, he said in a Marcy 24 statement. Under this proposed arrangement, newspaperds would not be allowed to makepoliticak endorsements, but would be allowed to freely report on all issues, includiny political campaigns. Advertising and subscription revenue would be tax exempt and contributiona to support coverage or operations could be tax thesenator said. However, he said the measured “is targeted to preserve local newspapers serving communities and not largsnewspaper conglomerates.
” And because newspaper profits have been fallinh in recent years, no substantial loss of federap revenue is expected. “We are losing our newspaper said Cardin. “The economy has caused an immediate problem, but the business model for newspapers, basefd on circulation and advertising revenue, is and that is a real tragedy for communities across the natio n and for our Cardin added that although many newssourcez exist, the public relies largely on newspapers “for in-depth reportinv that follows important issues, records events and exposesz misdeeds.
” In fact, he most if not all sources of journalistiv information — from radio to television to the Interneyt — gathers their news from newspaper reporterxs who cover the news on a daily basis and know their Leading business executives, including billionaire investment bankere Warren Hellman, recently made an overture to , whicj owns the San Francisco Chroniclr , to help it become a The proposal would be for a nonprofity corporation “to take over the Chroniclre ,” with Hearst continuing to provide some philanthropixc support, Coblentz said. Details remainn sketchy, and it’s unclear if the proposa is being seriously consideredby Hearst.
But there’xs no doubt that the Chroniclwe and a host of othee metropolitan dailies are seeking new Citing , the Maryland senatoer noted that newspaper advertising revenue plummetef 25 percent last year, and circulation at many print publications fell as as many readers migrated to the where most (but not all) news is free. In the Cardin noted that the , , and San Francisck Chronicle , among others, have either ceaser daily publication or announced they may have to stop and thatother publications, includinb newspapers owned by the , ownera of the and , have filed for bankruptc “or have had to institute severe cutbackxs that have impacted news Cardin’s bill came just a week after House Speakerd Nancy Pelosi asked U.
S. Attorney Generapl Eric Holder to loosen antitrust restrictions to help newspapers like the Chronicle For many, the outlook is grim. The Post-Intelligence , also owned by New York-based Hearst, shuttered its print publication March 17 and convertedto online-onlg news coverage. The Rocky Mountain News closed last The is being sold to a turnaround quite possibly because of its realestater assets. Papers such as the and the are also reporteds to be inpotential jeopardy. Critics worry that the nonprofi model may notsuit newspapers, and that such an approach couldr give government more opportunities to contro the news. And Cardin admittedc as much.
“This may not be the optimall choice for some major newspapers or corporatesmedia chains, but it should be an optiohn for many newspapers that are struggling to stay
The Maryland Democrat’s Newspaper Revitalization Act would allow newspapers to operate as ifthey choose, under 501(c)(3) status for educational similar to public broadcasting stations, he said in a Marcy 24 statement. Under this proposed arrangement, newspaperds would not be allowed to makepoliticak endorsements, but would be allowed to freely report on all issues, includiny political campaigns. Advertising and subscription revenue would be tax exempt and contributiona to support coverage or operations could be tax thesenator said. However, he said the measured “is targeted to preserve local newspapers serving communities and not largsnewspaper conglomerates.
” And because newspaper profits have been fallinh in recent years, no substantial loss of federap revenue is expected. “We are losing our newspaper said Cardin. “The economy has caused an immediate problem, but the business model for newspapers, basefd on circulation and advertising revenue, is and that is a real tragedy for communities across the natio n and for our Cardin added that although many newssourcez exist, the public relies largely on newspapers “for in-depth reportinv that follows important issues, records events and exposesz misdeeds.
” In fact, he most if not all sources of journalistiv information — from radio to television to the Interneyt — gathers their news from newspaper reporterxs who cover the news on a daily basis and know their Leading business executives, including billionaire investment bankere Warren Hellman, recently made an overture to , whicj owns the San Francisco Chroniclr , to help it become a The proposal would be for a nonprofity corporation “to take over the Chroniclre ,” with Hearst continuing to provide some philanthropixc support, Coblentz said. Details remainn sketchy, and it’s unclear if the proposa is being seriously consideredby Hearst.
But there’xs no doubt that the Chroniclwe and a host of othee metropolitan dailies are seeking new Citing , the Maryland senatoer noted that newspaper advertising revenue plummetef 25 percent last year, and circulation at many print publications fell as as many readers migrated to the where most (but not all) news is free. In the Cardin noted that the , , and San Francisck Chronicle , among others, have either ceaser daily publication or announced they may have to stop and thatother publications, includinb newspapers owned by the , ownera of the and , have filed for bankruptc “or have had to institute severe cutbackxs that have impacted news Cardin’s bill came just a week after House Speakerd Nancy Pelosi asked U.
S. Attorney Generapl Eric Holder to loosen antitrust restrictions to help newspapers like the Chronicle For many, the outlook is grim. The Post-Intelligence , also owned by New York-based Hearst, shuttered its print publication March 17 and convertedto online-onlg news coverage. The Rocky Mountain News closed last The is being sold to a turnaround quite possibly because of its realestater assets. Papers such as the and the are also reporteds to be inpotential jeopardy. Critics worry that the nonprofi model may notsuit newspapers, and that such an approach couldr give government more opportunities to contro the news. And Cardin admittedc as much.
“This may not be the optimall choice for some major newspapers or corporatesmedia chains, but it should be an optiohn for many newspapers that are struggling to stay
Wednesday, April 4, 2012
Initiative links building owners with nonprofits - Kansas City Business Journal:
firukendu-anchored.blogspot.com
Carolyn Cantrell, director of the Dallas office of GoodEnergh LP, has launched an initiativre called “Good Space for Good People” in which her compan y will serve as a clearinghouse for commercial propertiexs that landlords and building owners make available for nonprofits. “Mangy nonprofits have a real need for more spac right now because of the and the commercial real estatse community has more spacethan they’ds like to have because leasingh is down,” Cantrell said.
“The economic downturhn has provided an opportunity to tie them In addition, tax deductions may be available for in-kinrd donations of space, she One of the organizations needing space is the Nortu Texas Food Bank, said Jan Pruitt, the food bank’s president and CEO. NTFB’s member food pantries and othee agencies it supplies have seen a sharpo increasein first-time clientzs over the last six Many are recently laid-off workers who never imaginesd they would rely on a food pantry, soup kitchen or meal prograk for help, she said. has distributed 3 millioh more meals this year than at this time last and its agencies haveordered 40% more food in the same Pruitt said.
“I think there is a win-wijn here,” Pruitt said. “If someone is unablr to rent or lease outwarehouse space, and they can get a tax write-ofrf for helping the food bank, that’x a win on both sides.” The rising demandd has left the food bank in need of 70,000o to 90,000 square feet of warehouse and distributiob space, said Paul Wunderlich, NTFB’s chievf operating officer. About 260 nonprofits in 13 countie receive food from the food and many of those groups need more warehouse spacsas well, he said.
The food bank especially needsx cooler andfreezer space, Wunderlich Ideally, the space would be in western Collin County, but the food bank is happt to consider any space, he said. “You have to be innovativer and nimble in thenonprofit industry, and you have to take advantagse of opportunities as they come he said. NTFB currently operate s out ofa 70,000-square-foot warehouse it owns in South which is at the southern end of its service The food bank woulr consider ownership or long-term leases in donatex space, Pruitt said. “We’re kind of like a kettl e here,” Pruitt said. “We’rwe starting to boil and we need more space to relievthe pressure.
” In addition to the food bank, the recessionj has caused the Dallas-area chapter of the and many otheer nonprofits to require not only additional warehousd space, but office and retail spacee as well, Cantrell said. Nonprofits with a propertyt request and building owners or commerciao real estate firms with available properthy may contact Cantrellat 972-200-9777 or
Carolyn Cantrell, director of the Dallas office of GoodEnergh LP, has launched an initiativre called “Good Space for Good People” in which her compan y will serve as a clearinghouse for commercial propertiexs that landlords and building owners make available for nonprofits. “Mangy nonprofits have a real need for more spac right now because of the and the commercial real estatse community has more spacethan they’ds like to have because leasingh is down,” Cantrell said.
“The economic downturhn has provided an opportunity to tie them In addition, tax deductions may be available for in-kinrd donations of space, she One of the organizations needing space is the Nortu Texas Food Bank, said Jan Pruitt, the food bank’s president and CEO. NTFB’s member food pantries and othee agencies it supplies have seen a sharpo increasein first-time clientzs over the last six Many are recently laid-off workers who never imaginesd they would rely on a food pantry, soup kitchen or meal prograk for help, she said. has distributed 3 millioh more meals this year than at this time last and its agencies haveordered 40% more food in the same Pruitt said.
“I think there is a win-wijn here,” Pruitt said. “If someone is unablr to rent or lease outwarehouse space, and they can get a tax write-ofrf for helping the food bank, that’x a win on both sides.” The rising demandd has left the food bank in need of 70,000o to 90,000 square feet of warehouse and distributiob space, said Paul Wunderlich, NTFB’s chievf operating officer. About 260 nonprofits in 13 countie receive food from the food and many of those groups need more warehouse spacsas well, he said.
The food bank especially needsx cooler andfreezer space, Wunderlich Ideally, the space would be in western Collin County, but the food bank is happt to consider any space, he said. “You have to be innovativer and nimble in thenonprofit industry, and you have to take advantagse of opportunities as they come he said. NTFB currently operate s out ofa 70,000-square-foot warehouse it owns in South which is at the southern end of its service The food bank woulr consider ownership or long-term leases in donatex space, Pruitt said. “We’re kind of like a kettl e here,” Pruitt said. “We’rwe starting to boil and we need more space to relievthe pressure.
” In addition to the food bank, the recessionj has caused the Dallas-area chapter of the and many otheer nonprofits to require not only additional warehousd space, but office and retail spacee as well, Cantrell said. Nonprofits with a propertyt request and building owners or commerciao real estate firms with available properthy may contact Cantrellat 972-200-9777 or
Monday, April 2, 2012
Reid Brignac-Sean Rodriguez battle comes down to the wire with Tampa Bay Rays - Tampabay.com
haga-aa8xuq.blogspot.com
Reid Brignac-Sean Rodriguez battle comes down to the wire with Tampa Bay Rays Tampabay.com By Joe Smith, Times Staff Writer PORT CHARLOTTE â€" The Rays expected it would be a difficult decision to pick the starting shortstop, with Reid Brignac and Sean Rodriguez battling it out all camp. And with the roster deadline Wednesday at 5 pm, ... |
Saturday, March 31, 2012
The killing of Trayvon Martin: how the media shaped the story - editorsweblog.org (blog)
efimtsovavadan.blogspot.com
The killing of Trayvon Martin: how the media shaped the story editorsweblog.org (blog) In an article chronicling the coverage, Poynter called attention to how the combination of social media and tradition media outlets has defined the story, and its key players, so far. News of Martin's killing, which occurred the night of February 26 in ... |
Thursday, March 29, 2012
Children's Hospital receives $511K gift - Business First of Buffalo:
ycoguqi.wordpress.com
The funding will go toward the cost of anew 128-slicwe CT scanner for the Wal-Mart and Sam’s Club began workingv with the Children’s Miracle Networo in 1987, raising funds for 170 children’s hospitalss throughout the U.S. and Canada. The local storeas raised funds in 2008 through theitr annual CMN BalloonCampaign & Round Up as well as the sale of candhy bars and other speciao events, including the Wal-Mart/Sam’s Club WNY Golfing for Kids Tournament More than $790,000 was raised including cash and in-kind gifts. The Lockporg Wal-Mart store was the number one store inthe U.S. for the seconed consecutive year, raising over $114,000 in 2008.
Besides Womenb & Children’s Hospital, other local beneficiaries the Food Bank of WesterbnNew York, Boys Girls Clubs of Buffallo and the Salvation Arm. Statewide, the compangy and its U.S. foundation funded local organizationa with morethan $13.3 million in cash and in-kin gifts, a 27 percent increase over last year. Some grantes came through Wal-Mart’s State Giving which awards grants at the state and regional levels to supporytunmet needs. In October 2008, the receivefd $577,000 from the through the program.
The funding will go toward the cost of anew 128-slicwe CT scanner for the Wal-Mart and Sam’s Club began workingv with the Children’s Miracle Networo in 1987, raising funds for 170 children’s hospitalss throughout the U.S. and Canada. The local storeas raised funds in 2008 through theitr annual CMN BalloonCampaign & Round Up as well as the sale of candhy bars and other speciao events, including the Wal-Mart/Sam’s Club WNY Golfing for Kids Tournament More than $790,000 was raised including cash and in-kind gifts. The Lockporg Wal-Mart store was the number one store inthe U.S. for the seconed consecutive year, raising over $114,000 in 2008.
Besides Womenb & Children’s Hospital, other local beneficiaries the Food Bank of WesterbnNew York, Boys Girls Clubs of Buffallo and the Salvation Arm. Statewide, the compangy and its U.S. foundation funded local organizationa with morethan $13.3 million in cash and in-kin gifts, a 27 percent increase over last year. Some grantes came through Wal-Mart’s State Giving which awards grants at the state and regional levels to supporytunmet needs. In October 2008, the receivefd $577,000 from the through the program.
Tuesday, March 27, 2012
Five new papers join Yahoo consortium - Silicon Valley / San Jose Business Journal:
vuwodu.wordpress.com
Sunnyvale-based Yahoo (NASDAQ:YHOO) said that sincw launching in November 2006 with176 newspapers, its partnership with loca newspapers has more than quadrupled in size to 814 accounting for 51 percent of all Sunday circulation. "The consortiu has helped participating newspapers increase thei share of online ad spend in the growing localo online ad market byleveraging Yahoo!s advertising platform massive audience reach and highly engagec community," the company said. The newspapers also sell Yahoo-targeteds ads to their local clients. The consortiunm initially focused on providingt member newspapers with a recruitment networkk throughYahoo HotJobs.
It has since expanded to include content distribution andsalesx partnerships.
Sunnyvale-based Yahoo (NASDAQ:YHOO) said that sincw launching in November 2006 with176 newspapers, its partnership with loca newspapers has more than quadrupled in size to 814 accounting for 51 percent of all Sunday circulation. "The consortiu has helped participating newspapers increase thei share of online ad spend in the growing localo online ad market byleveraging Yahoo!s advertising platform massive audience reach and highly engagec community," the company said. The newspapers also sell Yahoo-targeteds ads to their local clients. The consortiunm initially focused on providingt member newspapers with a recruitment networkk throughYahoo HotJobs.
It has since expanded to include content distribution andsalesx partnerships.
Sunday, March 25, 2012
Attracting venture capital is about plan, exit strategy - bizjournals:
acklinegymejac1362.blogspot.com
That means a defendable technology orbusiness model, a well-provenj team, a solid business plan and a cleadr exit strategy to garner interest from venturs capitalists. In the third quartert of 2008, venture capitalists invested $7.1 billion in 907 deals, accordin g to the MoneyTree Repory from andthe (NVCA). The report showed quarterly investmentt activity was down 7 percent comparesd with the second quarter of when $7.
7 billion was invested in 1,033 Jeremy Swan, a director in the private equity services group of the New York office of a global consulting and audir firm, said the profile of firmd obtaining venture capital in the current economy fit the same mold as thoser financed pre-crisis. The difference is VCs are much more focused and applyt a heavier hand when it comes todue “What makes a business successful in seeking venture capital? The criteria hasn’g changed,” Swan said. “The businesx has to be focused. The managemen team has to be focusedf and understandthe market, and it has to be viables as a business for the long term.
” Therew was just one venture-backed IPO in the thirx quarter of 2008, and 58 merger-and-acquisitionb exits during that same quarter, according to the The first three quarters of 2008 were not much There were six venture-backed companiesx that came to market, the lowesty volume for the first three quartersa of the year since 1977. Georgw Brown, a Protiviti managing director basedcin Washington, D.C., said that if a company seekinfg venture funding has a tech play, VCs want to see more than a proodf of technological concept.
“They’re looking at an actual businesw created, a revenue line, a cost line understooxd in the current econom and where they want to take thebusiness ... an economic proof of concept,” Brown said. These companiesa need to show acompetitivwe advantage, a means by which they can creatw a larger market or take away shares from otheres in the same business space. In company executives have to show that they can operated successfully on a technical andfinancial “The track record of the team and a demonstrable businesds model and operating model are very important for the money people to get behind,” Brown said.
As is flexibility, accordint to Ken Herbert, vice presidenr of the business and financial services practicde in theMountain View, Calif., offic of global businessconsultancy Frost Sullivan. The management needs to be prepared to change roless once VCs take a stake inthe business. The executivew team needs to beextremely open-minded, Herbert said. Ever y VC is different, and some may want to make significant changes ina company’s management structure when investing. Yet Herbert noted, “It’s rare that a personb is just shown the doorand told, ‘See you because they’re oftencritical to the business.
” These are the individuals who have the clieng contact or the technical It is not uncommon to transition them into another role for a numbere of years,he added. Peter Boni, vice chairma of the 3,000-member , or AeA, the country’ds largest trade association in thetech industry, said it’s more difficulr now for a new company not currently financed to get financinyg from venture firms. Many VCs are puttinh their effort into supporting their existing portfolios because it will take longer to realizean exit. The AeA, basefd in Washington, D.C., is in the process of mergingv withthe .
“It’s very important for a compan y today to preserve and protect what cash they have anddo what’sa only absolutely necessary,” Boni said. “We’ve adviser all of our companies to be predatory in theirt sales and marketing while preserving andprotectingtheif cash.” Companies that have a “me too” business plan or a product that might be a “nice to — but not a “have to — are in a tougher Boni said.
“In this economy, you really want to see the moneg bucket ofvalue that’sd created by buying someone’s product,” he Herbert points out that the IPO windos of opportunity may not be open long, whicy makes sparking the interest of a trade buyer just as
That means a defendable technology orbusiness model, a well-provenj team, a solid business plan and a cleadr exit strategy to garner interest from venturs capitalists. In the third quartert of 2008, venture capitalists invested $7.1 billion in 907 deals, accordin g to the MoneyTree Repory from andthe (NVCA). The report showed quarterly investmentt activity was down 7 percent comparesd with the second quarter of when $7.
7 billion was invested in 1,033 Jeremy Swan, a director in the private equity services group of the New York office of a global consulting and audir firm, said the profile of firmd obtaining venture capital in the current economy fit the same mold as thoser financed pre-crisis. The difference is VCs are much more focused and applyt a heavier hand when it comes todue “What makes a business successful in seeking venture capital? The criteria hasn’g changed,” Swan said. “The businesx has to be focused. The managemen team has to be focusedf and understandthe market, and it has to be viables as a business for the long term.
” Therew was just one venture-backed IPO in the thirx quarter of 2008, and 58 merger-and-acquisitionb exits during that same quarter, according to the The first three quarters of 2008 were not much There were six venture-backed companiesx that came to market, the lowesty volume for the first three quartersa of the year since 1977. Georgw Brown, a Protiviti managing director basedcin Washington, D.C., said that if a company seekinfg venture funding has a tech play, VCs want to see more than a proodf of technological concept.
“They’re looking at an actual businesw created, a revenue line, a cost line understooxd in the current econom and where they want to take thebusiness ... an economic proof of concept,” Brown said. These companiesa need to show acompetitivwe advantage, a means by which they can creatw a larger market or take away shares from otheres in the same business space. In company executives have to show that they can operated successfully on a technical andfinancial “The track record of the team and a demonstrable businesds model and operating model are very important for the money people to get behind,” Brown said.
As is flexibility, accordint to Ken Herbert, vice presidenr of the business and financial services practicde in theMountain View, Calif., offic of global businessconsultancy Frost Sullivan. The management needs to be prepared to change roless once VCs take a stake inthe business. The executivew team needs to beextremely open-minded, Herbert said. Ever y VC is different, and some may want to make significant changes ina company’s management structure when investing. Yet Herbert noted, “It’s rare that a personb is just shown the doorand told, ‘See you because they’re oftencritical to the business.
” These are the individuals who have the clieng contact or the technical It is not uncommon to transition them into another role for a numbere of years,he added. Peter Boni, vice chairma of the 3,000-member , or AeA, the country’ds largest trade association in thetech industry, said it’s more difficulr now for a new company not currently financed to get financinyg from venture firms. Many VCs are puttinh their effort into supporting their existing portfolios because it will take longer to realizean exit. The AeA, basefd in Washington, D.C., is in the process of mergingv withthe .
“It’s very important for a compan y today to preserve and protect what cash they have anddo what’sa only absolutely necessary,” Boni said. “We’ve adviser all of our companies to be predatory in theirt sales and marketing while preserving andprotectingtheif cash.” Companies that have a “me too” business plan or a product that might be a “nice to — but not a “have to — are in a tougher Boni said.
“In this economy, you really want to see the moneg bucket ofvalue that’sd created by buying someone’s product,” he Herbert points out that the IPO windos of opportunity may not be open long, whicy makes sparking the interest of a trade buyer just as
Friday, March 23, 2012
Intel to buy Wind River for $884M - Baltimore Business Journal:
ukatekexo.wordpress.com
Intel's $11.50-per-share offer is about a 44 percent premiumm overWind River's closing price on Wednesdayy of $8. Wind River stock lost more than half its values betweena 52-week high of $12.989 last August and a low of $5.61 in The stock closed Thursday at $11.72, up 47 Santa Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind River will help it expand its softwars into thousands of embedded systems and mobile devices includiny smart phones, in-car systems, aerospace and defense, energy and thousand s of other uses.
Wind Rivefr will operate as a wholly ownerd subsidiary after the deal closes duringthe summer, reportingf to Renee James, head of Intel’w software and services group. "Our combination of strength s will be of great benefit toWind River’s existing and futur e customers," said Ken Klein, Wind River chairman, president and CEO. Foundee in 1981, Wind River has more than 1,600 employeews and operations in more than15 countries. Duringy its fiscal year ended Jan. 31, Wind River reporte $10.7 million in net income on annual revenuof $359.7 million. The companyt on Thursday posted a 21 percent increase in net income or 1 centa share, for its firsg quarter despite a 6.
5 percent drop in revenue to $63.8i million.
Intel's $11.50-per-share offer is about a 44 percent premiumm overWind River's closing price on Wednesdayy of $8. Wind River stock lost more than half its values betweena 52-week high of $12.989 last August and a low of $5.61 in The stock closed Thursday at $11.72, up 47 Santa Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind River will help it expand its softwars into thousands of embedded systems and mobile devices includiny smart phones, in-car systems, aerospace and defense, energy and thousand s of other uses.
Wind Rivefr will operate as a wholly ownerd subsidiary after the deal closes duringthe summer, reportingf to Renee James, head of Intel’w software and services group. "Our combination of strength s will be of great benefit toWind River’s existing and futur e customers," said Ken Klein, Wind River chairman, president and CEO. Foundee in 1981, Wind River has more than 1,600 employeews and operations in more than15 countries. Duringy its fiscal year ended Jan. 31, Wind River reporte $10.7 million in net income on annual revenuof $359.7 million. The companyt on Thursday posted a 21 percent increase in net income or 1 centa share, for its firsg quarter despite a 6.
5 percent drop in revenue to $63.8i million.
Wednesday, March 21, 2012
PharMerica elects directors - Business First of Louisville:
lamoreuuceses1724.blogspot.com
Louisville-based PharMerica (NYSE: PMC), one of the largesft providers of pharmaceuticals to institutions such asnursinb facilities, long-term care homes and hospitals, held the meetingg of stockholders Thursday, June 4. The stockholdersd re-elected these members of the boaredof directors: Gregory S. Thomas P. Mac Mahon, Frank E. Collins, W. Robert Dahl Jr., Marjori e W. Dorr, Dr. Thomas P. Gerrity, Daniel N. Mendelsohn and Dr. Robert A. Oakley. They will servde until the 2010 annual meeting of Shareholders also ratified the appointment of asthe company’d independent registered public accounting firm for 2009. PharMerica Corp.
operates institutional pharmacies in 40 Last year, the company reportexd $1.95 billion in revenue, comparefd with $1.22 billion in 2007.
Louisville-based PharMerica (NYSE: PMC), one of the largesft providers of pharmaceuticals to institutions such asnursinb facilities, long-term care homes and hospitals, held the meetingg of stockholders Thursday, June 4. The stockholdersd re-elected these members of the boaredof directors: Gregory S. Thomas P. Mac Mahon, Frank E. Collins, W. Robert Dahl Jr., Marjori e W. Dorr, Dr. Thomas P. Gerrity, Daniel N. Mendelsohn and Dr. Robert A. Oakley. They will servde until the 2010 annual meeting of Shareholders also ratified the appointment of asthe company’d independent registered public accounting firm for 2009. PharMerica Corp.
operates institutional pharmacies in 40 Last year, the company reportexd $1.95 billion in revenue, comparefd with $1.22 billion in 2007.
Monday, March 19, 2012
Chip analysis reveals subtle changes to new iPad innards - Apple Insider
edibin.wordpress.com
Chip analysis reveals subtle changes to new iPad innards Apple Insider By Josh Ong An analysis of the internals of Apple's third-generation iPad reveal some small changes to the design of the device, such as a switch to discrete DRAM devices, the addition of a heat spreader on top of the A5X chip and a possible move to a ... |
Saturday, March 17, 2012
House approves bill nixing responder fees charged by local governments for ... - The Republic
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House approves bill nixing responder fees charged by local governments for ... The Republic AP BOISE, Idaho â€" The Idaho House has approved legislation that would prohibit communities from charging fees when emergency responders are called to traffic accidents. A bill sponsored by Nampa Republican Rep. Christy Perry cleared the House Friday ... |
Sweepstakes Advantage New Member Wins All-Expense Paid Trip for 10 to New ... Seattle Post Intelligencer A Sweepstakes Advantage new member shares an amazing story of how she had won an all-expense paid trip for 10 people to New Orleans, Louisiana, after being chosen as the Grand Prize Winner of the Coca Cola Honor Heritage Sweepstakes & Instant Win to ... |
Sunday, March 11, 2012
Missouri jobless rate resumes climb in May - Atlanta Business Chronicle:
geqopimozaqyxyh.blogspot.com
The state’s seasonally adjusted unemployment rate increaser to 9 percentin May, up from 8.1 percentt in April. April’s 0.6 point decrease in unemploymeny nowappears anomalous, with the May increasde part of an upward trend dating back to state officials said. Approximately 272,00 Missourians were estimated to have been jobless during the monthof May. Nonfar payroll employment decreasedby 3,700 jobs in May, markingh the smallest monthly decrease since employment began to drop sharplyt last November.
Job losses were concentratef inmanufacturing (-3,700) and construction (-1,600), which were partlyg offset by gains in health care and social assistance (2,000) and locao government (900). Over the past year, employmeny dropped by 74,300 jobs, or 2.7 The main exceptions to the downward trend over the year have been privatew educationalservices (2,500), health care and social assistance (6,000), federal government (2,700) and local government (3,300). The national unemploymen t rate in Maywas 9.4 percent. Nonfark payroll employment in May was downin St.
Louis by 4,100, led by automobile industry layoffse and a cutback of federa employees following the end ofsome pre-2010 Censud activities.
The state’s seasonally adjusted unemployment rate increaser to 9 percentin May, up from 8.1 percentt in April. April’s 0.6 point decrease in unemploymeny nowappears anomalous, with the May increasde part of an upward trend dating back to state officials said. Approximately 272,00 Missourians were estimated to have been jobless during the monthof May. Nonfar payroll employment decreasedby 3,700 jobs in May, markingh the smallest monthly decrease since employment began to drop sharplyt last November.
Job losses were concentratef inmanufacturing (-3,700) and construction (-1,600), which were partlyg offset by gains in health care and social assistance (2,000) and locao government (900). Over the past year, employmeny dropped by 74,300 jobs, or 2.7 The main exceptions to the downward trend over the year have been privatew educationalservices (2,500), health care and social assistance (6,000), federal government (2,700) and local government (3,300). The national unemploymen t rate in Maywas 9.4 percent. Nonfark payroll employment in May was downin St.
Louis by 4,100, led by automobile industry layoffse and a cutback of federa employees following the end ofsome pre-2010 Censud activities.
Friday, March 9, 2012
Using 'chum cams,' scientists find protected areas benefit sharks - Washington Post
http://www.nectaroftheuniverse.com/qxci.php
Using 'chum cams,' scientists find protected areas benefit sharks Washington Post Using both acoustic monitoring and chum cams, the team showed that Caribbean reef sharks in Belize showed up more often in Glover's Reef and Caye Caulker Marine Reserves than in two other areas where fishing is not restricted. |
Tuesday, March 6, 2012
NTS buys Plainview Apartments - Wichita Business Journal:
yzirapogyg.wordpress.com
Financing for the purchase, which was made through an NTS , was provided by the , accordingg to a news release. The purchasd price was not The previous owner was PlainviewApartments LP, a Denver-basedx investment partnership, according to online records from the Jeffersobn County Property Valuation Administrator and the Kentuckuy Secretary of State. Its assessed value for tax purposeswis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was about 94 the release said. NTS plans to enhance and renovate the propertty but no details were disclosecd inthe release.
The apartment complex was developesd as part of the Plainviewwplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiple shoppingf centers and nearly 2 million squarw feet of office space. NTS began construction and development of theplanned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartmenrt communitiesin Louisville. Its other holdings in the area are HurstbourneGrandc Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also manages 14 other apartmengt communities and 31 commercial propertied with more than 5 million feet of retail and warehouse space inthe Southeast.
Financing for the purchase, which was made through an NTS , was provided by the , accordingg to a news release. The purchasd price was not The previous owner was PlainviewApartments LP, a Denver-basedx investment partnership, according to online records from the Jeffersobn County Property Valuation Administrator and the Kentuckuy Secretary of State. Its assessed value for tax purposeswis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was about 94 the release said. NTS plans to enhance and renovate the propertty but no details were disclosecd inthe release.
The apartment complex was developesd as part of the Plainviewwplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiple shoppingf centers and nearly 2 million squarw feet of office space. NTS began construction and development of theplanned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartmenrt communitiesin Louisville. Its other holdings in the area are HurstbourneGrandc Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also manages 14 other apartmengt communities and 31 commercial propertied with more than 5 million feet of retail and warehouse space inthe Southeast.
Sunday, March 4, 2012
US government poses next challenge for BP - Financial Times
stockdaleiqemico1521.blogspot.com
Financial Times | US government poses next challenge for BP Financial Times ... the spill is a significant step for BP in putting an end to some of the financial uncertainty that has surrounded it over the past two years, but the UK oil group still faces a challenging time as it attempts to manage the cost of the disaster. |
Friday, March 2, 2012
Inner Richmond Jack In The Box To Remain Open 24 Hours - SFist
qozadaunu.blogspot.com
SFist | Inner Richmond Jack In The Box To Remain Open 24 Hours SFist Residents in the Inner Richmond, concerned about late-night violence in the area, lost their appeal to overturn the Geary Boulevard Jack in the Box's after-hours permit, which » |
Wednesday, February 29, 2012
Hanesbrands boosts 4Q profit 109% - Kansas City Business Journal:
meaning-sarajevo.blogspot.com
The Winston-Salem apparel maker, known for brandzs such as Champion, Hanes and the Wonderbra, producexd a profit of $49.8 million, or 52 cents per compared with $23.8 million, or 25 centsd per share, in fourth quarter 2006. sales grew 2.4 percent, to $1.16 billion, compares to 2006. Operating profit increased 31 to $125.9 million. Income excludinhg plant closings and other chargeawas $36.3 million, or 38 cents per share. Analystss polled by Thomson Financialhad expected, on average, earningsd of 39 cents per share on salees of $1.14 billion.
The company said it was pleased with its performance and attributed growth to its Champiohn brand and successfulinnerwear segment, selling products such as Last year marked Hanesbrands' (NYSE: HBI) first full year as an independent company. The company was formesd in September 2006 when it was spun offfrom Chicago-basedd . In the last year, it has takenm several cost-cutting measures, including the recentlu announced closing of plants in Advanceeand Asheboro.
The Winston-Salem apparel maker, known for brandzs such as Champion, Hanes and the Wonderbra, producexd a profit of $49.8 million, or 52 cents per compared with $23.8 million, or 25 centsd per share, in fourth quarter 2006. sales grew 2.4 percent, to $1.16 billion, compares to 2006. Operating profit increased 31 to $125.9 million. Income excludinhg plant closings and other chargeawas $36.3 million, or 38 cents per share. Analystss polled by Thomson Financialhad expected, on average, earningsd of 39 cents per share on salees of $1.14 billion.
The company said it was pleased with its performance and attributed growth to its Champiohn brand and successfulinnerwear segment, selling products such as Last year marked Hanesbrands' (NYSE: HBI) first full year as an independent company. The company was formesd in September 2006 when it was spun offfrom Chicago-basedd . In the last year, it has takenm several cost-cutting measures, including the recentlu announced closing of plants in Advanceeand Asheboro.
Monday, February 27, 2012
LendingTree expands product offering - Washington Business Journal:
http://www.gamingevolved.com/fashion-show-dress-up/
According to the company, its customer-retention technology identifies customers byloan loan-to-value ratio, loan purpose and FICO “With refinancing activity from borrowersw representing a significant portion of overall origination volume, our lendefr network has expressed a desire to captures and retain current mortgage says Bob Harris, president of the LendingTree Exchange. “As part of the LendingTree banks and lenders that use ournew customer-retention initiative will be able to significantly impactg the ratio of overall mortgag portfolio retained, just as effectivelt as they can attract new borrowers.
” LendingTrer is owned by Charlotte-baseed (NASDAQ:TREE), an online lending and real estate company. Tree.com’sa principle businesses are LendingTree, which matches potential mortgagee borrowersto lenders, and RealEstate.com, whicg works with individuals seeking homeas and real estate LendingTree says it has facilitated more than 25 milliob requests for loans online and $185 billion in closeed loan transactions.
According to the company, its customer-retention technology identifies customers byloan loan-to-value ratio, loan purpose and FICO “With refinancing activity from borrowersw representing a significant portion of overall origination volume, our lendefr network has expressed a desire to captures and retain current mortgage says Bob Harris, president of the LendingTree Exchange. “As part of the LendingTree banks and lenders that use ournew customer-retention initiative will be able to significantly impactg the ratio of overall mortgag portfolio retained, just as effectivelt as they can attract new borrowers.
” LendingTrer is owned by Charlotte-baseed (NASDAQ:TREE), an online lending and real estate company. Tree.com’sa principle businesses are LendingTree, which matches potential mortgagee borrowersto lenders, and RealEstate.com, whicg works with individuals seeking homeas and real estate LendingTree says it has facilitated more than 25 milliob requests for loans online and $185 billion in closeed loan transactions.
Saturday, February 25, 2012
Bemis buys South American packaging business - The Business Journal of Milwaukee:
gonyzyf.wordpress.com
Bemis is buying, from Finland-based , the common stock of Huhtamaki Plasticos Rigidos Brasil Ltda and Huhtamaki Argentina SA. The purchasw price was paid with a combinationof $32.3 milliom in cash, $1.9 million of debt assumed, and an $8.8 million note payabl to the seller due May 31, 2010. The rigix packaging business includes three facilities in Brazil and one facility in It recorded annual net salesin U.S. dollars of approximately $85.9 million in 2008, primarily to dairy and food servicwe markets. "This acquisition supports Bemis' growth strateg to expand in South America n markets that fit our strengths and saidHenry Theisen, presidentr and CEO of Bemis.
"Huhtamaki's rigi d packaging operations are well-managed, state-of-the art facilities. This businesxs will complement our existing South American operations. We expect this acquisition to be modestly accretive to earnings per share in Bemis (NYSE: BMS) is a major supplier of flexiblwe packaging and pressure sensitive materials used by consumer products, manufacturing, and other companies Bemis had 2008 net sales of $3.
8 billionm and employs about 15,200 workers in 57 plants in 11
Bemis is buying, from Finland-based , the common stock of Huhtamaki Plasticos Rigidos Brasil Ltda and Huhtamaki Argentina SA. The purchasw price was paid with a combinationof $32.3 milliom in cash, $1.9 million of debt assumed, and an $8.8 million note payabl to the seller due May 31, 2010. The rigix packaging business includes three facilities in Brazil and one facility in It recorded annual net salesin U.S. dollars of approximately $85.9 million in 2008, primarily to dairy and food servicwe markets. "This acquisition supports Bemis' growth strateg to expand in South America n markets that fit our strengths and saidHenry Theisen, presidentr and CEO of Bemis.
"Huhtamaki's rigi d packaging operations are well-managed, state-of-the art facilities. This businesxs will complement our existing South American operations. We expect this acquisition to be modestly accretive to earnings per share in Bemis (NYSE: BMS) is a major supplier of flexiblwe packaging and pressure sensitive materials used by consumer products, manufacturing, and other companies Bemis had 2008 net sales of $3.
8 billionm and employs about 15,200 workers in 57 plants in 11
Thursday, February 23, 2012
Quinn lays out closures, budget cuts - Northwest Herald
amesit.wordpress.com
Belleville News Democrat | Quinn lays out closures, budget cuts Northwest Herald By KEVIN P. CRAVER - kcraver@shawmedia.com The governor who extolled an Illinois “moving forward†to state lawmakers three weeks ago told the same audience Wednesday that the state is in deep financial trouble. Saying “our rendezvous with reality has ... Quinn's Budget C » |
Tuesday, February 21, 2012
K&L Gates opens Dubai office - Pittsburgh Business Times:
karnergetajequ1416.blogspot.com
Dubai is the firm’s 33rd office and its firsty in theMiddle East. K&L Gates Chairma n and Global Managing Partnee Peter Kalis said the officewas “in the work s for about a year” and that the firm’w entry was “well-timed compared with a year ago because the costx are reduced and there is much more lega talent at more reasonable compensation levels availablr on the market.” K&Lk Gates expects to grow the Dubai officer principally through hires in that “I could see additional offices in the Middle said Kalis, who first visited Dubai six monthse ago in preparing the firm’s entry there.
“Because of the concentration of financiap and professional services in theDubaiu area, it’s a very attractive and efficientt point of entry into the Gulf region. But certainlhy it’s not the only marke for legal services that A logical next step would be Abu but there is nothing scheduled for thatto K&L Gates is also “always” open to continued expansionb opportunities internationally and in the continental United States, Kalia said, but did not identify specific cities or Neal Brendel, one of the firm’s seniorf dispute resolution partners, is relocating from the Pittsburggh office to serve as co-founder of the Dubai Joining Brendel is Paul de Cordova, who most recently worked with Ashurst, establishing and managing that firm’s Dubai office and helping to open a second office in the Uniter Arab Emirates.
He is a corporatee and projects lawyer with more than 20yearsz experience. Associate Richard Dollimorde also is joining theDubai office. He most recentlyg worked in the K&L Gatees office in London.
Dubai is the firm’s 33rd office and its firsty in theMiddle East. K&L Gates Chairma n and Global Managing Partnee Peter Kalis said the officewas “in the work s for about a year” and that the firm’w entry was “well-timed compared with a year ago because the costx are reduced and there is much more lega talent at more reasonable compensation levels availablr on the market.” K&Lk Gates expects to grow the Dubai officer principally through hires in that “I could see additional offices in the Middle said Kalis, who first visited Dubai six monthse ago in preparing the firm’s entry there.
“Because of the concentration of financiap and professional services in theDubaiu area, it’s a very attractive and efficientt point of entry into the Gulf region. But certainlhy it’s not the only marke for legal services that A logical next step would be Abu but there is nothing scheduled for thatto K&L Gates is also “always” open to continued expansionb opportunities internationally and in the continental United States, Kalia said, but did not identify specific cities or Neal Brendel, one of the firm’s seniorf dispute resolution partners, is relocating from the Pittsburggh office to serve as co-founder of the Dubai Joining Brendel is Paul de Cordova, who most recently worked with Ashurst, establishing and managing that firm’s Dubai office and helping to open a second office in the Uniter Arab Emirates.
He is a corporatee and projects lawyer with more than 20yearsz experience. Associate Richard Dollimorde also is joining theDubai office. He most recentlyg worked in the K&L Gatees office in London.
Sunday, February 19, 2012
Bright idea: Marvin Dufner makes millions recycling bulbs - Pacific Business News (Honolulu):
pabigy.wordpress.com
After building his fluorescent light bulbrecyclinfg company, H.T.R. Inc., into a national player with customerzs thatinclude , Walgreens, and Dufner sold the business in March to Houston-basedx an estimated $12 million. H.T.R.’s revenue reachefd $6 million last year, 17 times more than the $350,000 the companuy made when Dufner bought it inDecembed 1999. A decade ago, the business recyclex about 30,000 fluorescent bulbs a mont h to keep hazardous mercury out of landfillsx andwater supplies.
That number reached about 18 million bulbsd a year by the time of the Dufner andRaymond Kohout, his minority partner and chiev operating officer, decided they needed to eithet invest a large amount of capitao to open additional recycling facilitiesa or find a strategic partner or buyer for thei r business. Dufner turned to lifelong friend James Stuartr ofin Clayton. Stuart reached out to contacts atWaste Management, and aftedr about a year of talks, he helpecd broker H.T.R.’s sale. Dufner estimatedx fluorescent bulb recycling isa $100 million to $150 milliobn industry.
Analyst Michael Hoffman of in Baltimorr noted that garbage disposal isa $52 billionh industry and medical waste disposal accounts for another $3 billio n to $4 billion. Add-on services such as recycling can help a companyg win additionalmarket share. “One of Waste Management’s core goal s is to grow its medical wastse business toabout $300 million in revenue in the next 24 Hoffman said. “Now they can walk into health-carer facilities and hospitals and offer to dispose of theidrmedical waste, regular tras and also their fluorescent which for a hospital is no smalol thing.
” Waste Management, North America’s largest waste disposaol company, posted net income of $1.09 billion on revenu of $13.4 billion last year and employs abou 46,000. Dufner, 54, grew up in Granite City and St. attending and at Carbondale. In he bought one of the first franchisea ofEarth City-based Dent Wizard, a company that providea paintless dent removal for Dufner moved to Atlanta to run his territort of Georgia and Alabama. But in Atlanta-based acquired Dent Wizard and proceedec to buy outits franchisees. Dufnef sold his business for about $5 and at age 45 founcd himself looking for anew venture.
In 1999, while at the Lake of the Dufner struck up a conversation with an employeedof H.T.R., a three-year-old company then based in the smallo town of Golden City in southwest Missouri. A new federal law regulating the management of waste containing hazardous materiale such as mercury had just gone into but H.T.R.’s 14 investors were short on fundsa to take advantage of potentiap growth. Dufner bought them out “for a very low and took over the businessas president. Dufnerd recruited Kohout, a friend who owned a gun storein St. Louixs and was familiar with dealing withgovernmenft regulators, to help run the business and expand its servicw area nationwide.
They invested in some tractor-trailers and started picking up burned-oug fluorescent bulbs from all over the countr y and hauling them back to Missouriofor processing. Over the next few years, they relocated the planrt to its current locationin Kaiser, Mo., near Lake Ozark. As Dufner improved customer service and the speed of wast pickupusing third-party freight companies, business Beginning in 2003, H.T.R. secured contracts with Wal-Mar t to pick up and recycle used bulbs. Other large retailers, several colleges and universities, and states such as Iowa and Missouri also signed upwith H.T.R. All of the material in the bulbsw H.T.R.
picked up — mercury, metal and glass — was None went to landfills. But with the boom, Dufnet and Kohout also found themselves facing a Expand to keep up withincreasing volume, or find someoner who could do so for “The right way to do it wouls be to build two more recyclinbg plants, one on the West Coasg and one on the East Coast, to cut transportatiomn distances and freight Dufner said. “Ray and I can’t be in three places at one time. It was goin to require a lot more capital to open two new facilities and managewthem properly.
” So Dufner, who has children ages 3 and 5 with his Renee, decided to look for a buyer last year and eventually struck the deal with Wasts Management. “We thought H.T.R. would make a good fit for saidRick Cochrane, senior businessa director for Waste Management’sz WM Lamptracker division. “Over 70 percen t of fluorescent lighting in the countrystilp isn’t recycled properly, and that’s where we think the upsidw is.” The and many states are targeting a fluorescenf recycling goal of about 75 percent, Kohouy said.
Some 800 million fluorescent lamps burn outeach year, and now millions of residentiakl light sockets are also switching from incandescenft to compact fluorescent light bulbs Although Missouri does not require residentiak recycling of CFLs, many states do, he “The timing was perfect,” said who continues to run the former H.T.R. operationsa within WM Lamptracker. “We are now the largest lamp recycler in the and Waste Management is really pushing the sustainability andrecycling We’ve had nine years of double-digitf growth, and we’ve just gotten started.” As for he is building a home in Ladue and has not decidecd what, if anything, he will do next.
“Am I looking for something? Possibly, but not necessarily,” Dufnedr said. “That’s how H.T.R. happened. I wasn’yt really looking and then it fell inmy
After building his fluorescent light bulbrecyclinfg company, H.T.R. Inc., into a national player with customerzs thatinclude , Walgreens, and Dufner sold the business in March to Houston-basedx an estimated $12 million. H.T.R.’s revenue reachefd $6 million last year, 17 times more than the $350,000 the companuy made when Dufner bought it inDecembed 1999. A decade ago, the business recyclex about 30,000 fluorescent bulbs a mont h to keep hazardous mercury out of landfillsx andwater supplies.
That number reached about 18 million bulbsd a year by the time of the Dufner andRaymond Kohout, his minority partner and chiev operating officer, decided they needed to eithet invest a large amount of capitao to open additional recycling facilitiesa or find a strategic partner or buyer for thei r business. Dufner turned to lifelong friend James Stuartr ofin Clayton. Stuart reached out to contacts atWaste Management, and aftedr about a year of talks, he helpecd broker H.T.R.’s sale. Dufner estimatedx fluorescent bulb recycling isa $100 million to $150 milliobn industry.
Analyst Michael Hoffman of in Baltimorr noted that garbage disposal isa $52 billionh industry and medical waste disposal accounts for another $3 billio n to $4 billion. Add-on services such as recycling can help a companyg win additionalmarket share. “One of Waste Management’s core goal s is to grow its medical wastse business toabout $300 million in revenue in the next 24 Hoffman said. “Now they can walk into health-carer facilities and hospitals and offer to dispose of theidrmedical waste, regular tras and also their fluorescent which for a hospital is no smalol thing.
” Waste Management, North America’s largest waste disposaol company, posted net income of $1.09 billion on revenu of $13.4 billion last year and employs abou 46,000. Dufner, 54, grew up in Granite City and St. attending and at Carbondale. In he bought one of the first franchisea ofEarth City-based Dent Wizard, a company that providea paintless dent removal for Dufner moved to Atlanta to run his territort of Georgia and Alabama. But in Atlanta-based acquired Dent Wizard and proceedec to buy outits franchisees. Dufnef sold his business for about $5 and at age 45 founcd himself looking for anew venture.
In 1999, while at the Lake of the Dufner struck up a conversation with an employeedof H.T.R., a three-year-old company then based in the smallo town of Golden City in southwest Missouri. A new federal law regulating the management of waste containing hazardous materiale such as mercury had just gone into but H.T.R.’s 14 investors were short on fundsa to take advantage of potentiap growth. Dufner bought them out “for a very low and took over the businessas president. Dufnerd recruited Kohout, a friend who owned a gun storein St. Louixs and was familiar with dealing withgovernmenft regulators, to help run the business and expand its servicw area nationwide.
They invested in some tractor-trailers and started picking up burned-oug fluorescent bulbs from all over the countr y and hauling them back to Missouriofor processing. Over the next few years, they relocated the planrt to its current locationin Kaiser, Mo., near Lake Ozark. As Dufner improved customer service and the speed of wast pickupusing third-party freight companies, business Beginning in 2003, H.T.R. secured contracts with Wal-Mar t to pick up and recycle used bulbs. Other large retailers, several colleges and universities, and states such as Iowa and Missouri also signed upwith H.T.R. All of the material in the bulbsw H.T.R.
picked up — mercury, metal and glass — was None went to landfills. But with the boom, Dufnet and Kohout also found themselves facing a Expand to keep up withincreasing volume, or find someoner who could do so for “The right way to do it wouls be to build two more recyclinbg plants, one on the West Coasg and one on the East Coast, to cut transportatiomn distances and freight Dufner said. “Ray and I can’t be in three places at one time. It was goin to require a lot more capital to open two new facilities and managewthem properly.
” So Dufner, who has children ages 3 and 5 with his Renee, decided to look for a buyer last year and eventually struck the deal with Wasts Management. “We thought H.T.R. would make a good fit for saidRick Cochrane, senior businessa director for Waste Management’sz WM Lamptracker division. “Over 70 percen t of fluorescent lighting in the countrystilp isn’t recycled properly, and that’s where we think the upsidw is.” The and many states are targeting a fluorescenf recycling goal of about 75 percent, Kohouy said.
Some 800 million fluorescent lamps burn outeach year, and now millions of residentiakl light sockets are also switching from incandescenft to compact fluorescent light bulbs Although Missouri does not require residentiak recycling of CFLs, many states do, he “The timing was perfect,” said who continues to run the former H.T.R. operationsa within WM Lamptracker. “We are now the largest lamp recycler in the and Waste Management is really pushing the sustainability andrecycling We’ve had nine years of double-digitf growth, and we’ve just gotten started.” As for he is building a home in Ladue and has not decidecd what, if anything, he will do next.
“Am I looking for something? Possibly, but not necessarily,” Dufnedr said. “That’s how H.T.R. happened. I wasn’yt really looking and then it fell inmy
Thursday, February 16, 2012
Three students recognized as National Merit Scholars - Yellow Springs News
zvonkovaleoqim.blogspot.com
Three students recognized as National Merit Scholars Yellow Springs News By Lauren Heaton Yellow Springs High School seniors, from left, Rory Papania, Elias Mulhall, and Savita Bathija were recognized this month by the National Merit Scholars program. Mullhall is a National Merit semifinalist, Papania is a National Merit ... |
Tuesday, February 14, 2012
Rahaxi, Inc.'s Finnish Subsidiary Rahaxi Processing Oy Completes a Major EMV Roll-out in the Finnish Market
asabcitxit.blogspot.com
HELSINKI, Finland, June 10 /PRNewswire-FirstCall/ -- Inc. (OTC Bulletin Board: RHXI), an internationalk card payments processor and technology today announced that its wholly owned Rahaxi Processing Oy has completed a majo EMV chip andpin roll-out in the Finnish Market, deliverinf a fully EMV certified, end-to-end paymenr processing solution to Finnkino Oy, the largesgt movie theatre chain in The roll-out demonstrates the trenrd of continuing high demand for Rahaxi's international standar d payments processing products and services offering in the Finnish Paul Egan CEO of Rahaxi Inc.
"This rollout demonstrates the level of progres that Rahaxi has made in its overall EMV strategyg for Finland and Scandinavia asa whole. Our relationshi with Finnkino Oy, a large blue chip company further supports the view in the marketplaces andpayments industry, that Rahaxi's payment solutionsz are indeed of the highest standards." Egan added, "Furthermore we look forward to working more closelyg with the Rautakirja Group in Finland for further plannex rollouts which will lead to a significant increase in revenues for Rahaxi.
" Finnkino Oy operatesz the largest chain of cinemas in The company was foundede in September 1986 as a consortium of a total of 34 companies engageds in film distribution and exhibition. Finnkinio has been a part of the Rautakirja Groupsinced 1994. Finnkino currently operates 16 cinemas in eleven citiesin Finland. The 16 cinemas have a total of 94 Alongside its operations in thedomestic market, Finnkino has subsidiariew in Latvia, Lithuania and Finnkino is continuously developing its cinema both by building new theatres and refurbishintg existing ones.
Finnkino's aim is to develolp and expandthe cinema-going experiencr by offering a combination of quality films, the very best in comfortt and audio-visual technology, and a wide rangee of ancillary services. Rautakirja Movis Operations recorded net sales ofEUR 94.3 million in 2008. Movise Theatre Operations employed an average of 982 persons over the with the great majority of these working in the chainjof cinemas. For more information, please visit About Rahaxi Inc. Rahaxi Inc.
providees mission-critical solutions to the financial industry Working with merchants and acquirers in more than twenty its product suite has empowered partners to focus on theirtcore competencies, while its innovative drivehn approach has enabled them to benefir from first to market advantage and realizr their true potential. Rahaxiu Inc. has adopted a partnership strategyhfor growth. Its partners are market leaders in theierrespective industries. These include IKEA, Finnair and Its subsidiaries, Rahaxi Processing Oy, Finland, FreeStaer Technologies Ireland, Ltd., and FreeStar Dominican a S.A.
Dominican Republic, continus to develop and implement first clasa products and solutions that enhance the service levekl its partners can offertheir customers. For more please visit Contact For more please contact: At Rahaxi Inc. Fionn Stakelum f.stakelum@rahaxi.com At Finnkino Oy Mr. Janne Uusi-Kolli Head of Development Tel. +358-9-1311-9279 SOURCE Rahaxi, Inc.
HELSINKI, Finland, June 10 /PRNewswire-FirstCall/ -- Inc. (OTC Bulletin Board: RHXI), an internationalk card payments processor and technology today announced that its wholly owned Rahaxi Processing Oy has completed a majo EMV chip andpin roll-out in the Finnish Market, deliverinf a fully EMV certified, end-to-end paymenr processing solution to Finnkino Oy, the largesgt movie theatre chain in The roll-out demonstrates the trenrd of continuing high demand for Rahaxi's international standar d payments processing products and services offering in the Finnish Paul Egan CEO of Rahaxi Inc.
"This rollout demonstrates the level of progres that Rahaxi has made in its overall EMV strategyg for Finland and Scandinavia asa whole. Our relationshi with Finnkino Oy, a large blue chip company further supports the view in the marketplaces andpayments industry, that Rahaxi's payment solutionsz are indeed of the highest standards." Egan added, "Furthermore we look forward to working more closelyg with the Rautakirja Group in Finland for further plannex rollouts which will lead to a significant increase in revenues for Rahaxi.
" Finnkino Oy operatesz the largest chain of cinemas in The company was foundede in September 1986 as a consortium of a total of 34 companies engageds in film distribution and exhibition. Finnkinio has been a part of the Rautakirja Groupsinced 1994. Finnkino currently operates 16 cinemas in eleven citiesin Finland. The 16 cinemas have a total of 94 Alongside its operations in thedomestic market, Finnkino has subsidiariew in Latvia, Lithuania and Finnkino is continuously developing its cinema both by building new theatres and refurbishintg existing ones.
Finnkino's aim is to develolp and expandthe cinema-going experiencr by offering a combination of quality films, the very best in comfortt and audio-visual technology, and a wide rangee of ancillary services. Rautakirja Movis Operations recorded net sales ofEUR 94.3 million in 2008. Movise Theatre Operations employed an average of 982 persons over the with the great majority of these working in the chainjof cinemas. For more information, please visit About Rahaxi Inc. Rahaxi Inc.
providees mission-critical solutions to the financial industry Working with merchants and acquirers in more than twenty its product suite has empowered partners to focus on theirtcore competencies, while its innovative drivehn approach has enabled them to benefir from first to market advantage and realizr their true potential. Rahaxiu Inc. has adopted a partnership strategyhfor growth. Its partners are market leaders in theierrespective industries. These include IKEA, Finnair and Its subsidiaries, Rahaxi Processing Oy, Finland, FreeStaer Technologies Ireland, Ltd., and FreeStar Dominican a S.A.
Dominican Republic, continus to develop and implement first clasa products and solutions that enhance the service levekl its partners can offertheir customers. For more please visit Contact For more please contact: At Rahaxi Inc. Fionn Stakelum f.stakelum@rahaxi.com At Finnkino Oy Mr. Janne Uusi-Kolli Head of Development Tel. +358-9-1311-9279 SOURCE Rahaxi, Inc.
Sunday, February 12, 2012
Kendall
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million foreclosure lawsuit againsg the developer of theRivendell single-familyu home project in West The Miami-based bank filed the foreclosure actiom on June 9 against Miami-based Crestview II, Marsolk One LLC and managing member Marciall Solis, according to records. The complainrt targets 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th between Southwest 167th Avenue and the Miccosukees Golf and Country Club. After starting constructio n in 2004, Crestview II sold 103 homes in Rivendell from 2005 throug the most recent sale in Fort Lauderdale-based attorney Charlezs Lichtman, who represents TotalBank in its demane for $12.
2 million on the outstanding mortgage, did not immediately returnb a call seeking comment. TotalBanki reported having $86.4 million in late or unpaid ornearly 6.5 percent of its total as of March 31. In March, filedc a foreclosure action against Crestvieaw II and Solis overa $2.1 million
million foreclosure lawsuit againsg the developer of theRivendell single-familyu home project in West The Miami-based bank filed the foreclosure actiom on June 9 against Miami-based Crestview II, Marsolk One LLC and managing member Marciall Solis, according to records. The complainrt targets 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th between Southwest 167th Avenue and the Miccosukees Golf and Country Club. After starting constructio n in 2004, Crestview II sold 103 homes in Rivendell from 2005 throug the most recent sale in Fort Lauderdale-based attorney Charlezs Lichtman, who represents TotalBank in its demane for $12.
2 million on the outstanding mortgage, did not immediately returnb a call seeking comment. TotalBanki reported having $86.4 million in late or unpaid ornearly 6.5 percent of its total as of March 31. In March, filedc a foreclosure action against Crestvieaw II and Solis overa $2.1 million
Friday, February 10, 2012
Galveston moves forward on cruise terminal repairs - Houston Business Journal:
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Gerald Sullivan, chairman of the Boarc of Trustees of theGalvestohn Wharves, which oversees port said crews are working around the clock on the damageds terminal buildings. The first ship scheduledd to depart after that targeyt date isthe Ecstacy, operated by , on Oct. 4. The agreed to divert Carnival Cruise Line ships to its newly openeds Bayport Cruise Terminal after Hurricanre Ike smashed into the Gulf Coaston 13. Hundreds of cruise ship customers’ vehicled left that weekend in Galveston’s port parkingb lots were destroyed or damagex by the massivestorm surge. Galveston’e port has re-opened to smaller vessels while dredging issues are beingworked out.
Althoughu access to Pelican Island had been cut off the week afte r the hurricaneroared through, Sullivan said one of the port’zs key Pelican Island tenants, , re-opened on Sept. 22 with limiteds operations. Sullivan was part of the groulp of officials representingthe Houston-Galvestom region, including Houston Mayor Bill White, that travele to Washington, D.C., on Sept. 23 to make a pitch for a huge infusion of federa funding in the wakeof Ike’s Galveston Mayor Lyda Ann Thomas has requestede a $2.4 billion rescue package to be used to restore infrastructurre on the island and for repairs to the , campus, the port and the Mayor White requested a simila amount for Houston.
Sullivan said the group was metwith “sympatheticx ears” in the nation’sx capital, and he expects a decision on the specialp funding allocation could be reached withib a week. Damages from Ike’s path of destruction acros Texas are estimated to rangebetween $25 billiomn and $50 billion.
Gerald Sullivan, chairman of the Boarc of Trustees of theGalvestohn Wharves, which oversees port said crews are working around the clock on the damageds terminal buildings. The first ship scheduledd to depart after that targeyt date isthe Ecstacy, operated by , on Oct. 4. The agreed to divert Carnival Cruise Line ships to its newly openeds Bayport Cruise Terminal after Hurricanre Ike smashed into the Gulf Coaston 13. Hundreds of cruise ship customers’ vehicled left that weekend in Galveston’s port parkingb lots were destroyed or damagex by the massivestorm surge. Galveston’e port has re-opened to smaller vessels while dredging issues are beingworked out.
Althoughu access to Pelican Island had been cut off the week afte r the hurricaneroared through, Sullivan said one of the port’zs key Pelican Island tenants, , re-opened on Sept. 22 with limiteds operations. Sullivan was part of the groulp of officials representingthe Houston-Galvestom region, including Houston Mayor Bill White, that travele to Washington, D.C., on Sept. 23 to make a pitch for a huge infusion of federa funding in the wakeof Ike’s Galveston Mayor Lyda Ann Thomas has requestede a $2.4 billion rescue package to be used to restore infrastructurre on the island and for repairs to the , campus, the port and the Mayor White requested a simila amount for Houston.
Sullivan said the group was metwith “sympatheticx ears” in the nation’sx capital, and he expects a decision on the specialp funding allocation could be reached withib a week. Damages from Ike’s path of destruction acros Texas are estimated to rangebetween $25 billiomn and $50 billion.
Wednesday, February 8, 2012
State senator wants to remove UC
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In a release, Yee, who receivecd his bachelor’s degree from UC Berkeley, said that the Regentds of the system think theyare “abovde the law.” The University of California Office of the Presiden shot back in its own release, sayinyg that the system is one of the few agencies in governmentt that is working, that it’s flourishecd under its autonomy, and that the salaries it pays to top leaderds is below the national average for comparabld institutions. The state’s constitution guaranteed the regentds autonomy on all issues related to management of the system since 1879.
The proposed amendment, SCA 21, and its counterpart on in theStater Assembly, ACA 24, need two-thirds approval from the legislaturde and then needs approval from state voters.
In a release, Yee, who receivecd his bachelor’s degree from UC Berkeley, said that the Regentds of the system think theyare “abovde the law.” The University of California Office of the Presiden shot back in its own release, sayinyg that the system is one of the few agencies in governmentt that is working, that it’s flourishecd under its autonomy, and that the salaries it pays to top leaderds is below the national average for comparabld institutions. The state’s constitution guaranteed the regentds autonomy on all issues related to management of the system since 1879.
The proposed amendment, SCA 21, and its counterpart on in theStater Assembly, ACA 24, need two-thirds approval from the legislaturde and then needs approval from state voters.
Monday, February 6, 2012
D'Alessandro: In Super Bowl, Giants' Justin Tuck displays everything it takes ... - The Star-Ledger - NJ.com
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The Star-Ledger - NJ.com | D'Alessandro: In Super Bowl, Giants' Justin Tuck displays everything it takes ... The Star-Ledger - NJ.com By Dave D'Alessandro/Star-Ledger Columnist View full sizeAndrew Mills/The Star-LedgerGiants defensive end Justin Tuck celebrates after winning Super Bowl XLVI against the New England Patriots at Lucas Oil Stadiu m in Indianapolis on Sunday night. Super Bowl 2012: 5 Plays D » |
Friday, February 3, 2012
Deadline nears to determine Bay Area stimulus fund recipients - bizjournals:
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Randolph is president and CEO of the Bay Area CounciolEconomic Institute, a public-private partnership of business, labor, government and educationh leaders supporting economic development in the nine-county region. He said the grou p has to submit a first draft ofits report, calledf the Bay Area Economic Recovery Workplan, by May 22 to the state’ss Business, Transportation and Housing Agency. The group’se schedule has been breakneck over the pastseverao weeks. “There is a huge range of proposalxsand proposers, with size and diversity to match the huge stimulusz package,” Randolph said.
On the largse side of the spectrum is the rebuilding of the Transbay Terminal transportation hub inSan Francisco, the first phase of which will cost $1.2 Toward the other end is a request for $79,00 0 for a police justice assistance grangt from the city of Santa Clara. Othert projects entering the stimulus-fund pipeline range from $6 billionh for the California High-Speed Rail Authority to help kickstargt construction ofthe 800-mile statewide to $2 million for the Redwoo d City School District that will be used to maintain 20 employeews who would otherwise have been laid off, to $663,000p for the city of Palo Alto to promotr energy-efficient projects.
Projects most likely to attract funding, accordinb to Randolph, are those utilizinbg public-private partnerships that involve multiple jurisdictions and have the potentia tocreate long-term employment. “The state is asking us to give them our best a few of which coulrd beconsidered strategic, some very small and a whole lot in the middle that may not reach the level of ‘strategic’ by but when coupled with other projects, coulr become much stronger Randolph said. Cities, counties, redevelopment agenciews and even private companies have submitted requests for part ofthe $787 billion American Recovery and Reinvestmentt Act of 2009.
Randolpjh said the state has $30 billionj in stimulus funds, while another $20 billion is available to projects in Californis from thefederal government. He said the projectds are being grouped bycategories — includingf work force, transportation and mobility, water, energgy and climate, science and innovation, and business development. California’z only automobile plant — , or NUMMI — is also seekingy $17 million in stimulus fundsx for a proposed rail ramp that will ease transport of automotivr parts tothe plant.
Recognizing the Obama administration’s interest in energty efficiency and reducing greenhouse the company’s rail line could reduce the number of truck on the road ferrying parts and suppliese from the Lathrop area to Randolph said his agency is one of 12 statewide responsible for culling through applications from each region. It previouslyu analyzed the state’s international trade policy forthe Business, Transportatiob and Housing Agency, and this probably led to it being chosen to be the Bay Area stimulus applicatiojn clearinghouse. Because federal officials want stimulusd funds to enter theeconomy quickly, Dale E.
who heads the Business, Transportation and Housing Agency, gave Randolpbh and his team of reviewers a littlde more than two months to compilethe plan. “The statse and federal response to the global recession calls for a cleart focus on priorities and a collaborativr spirit at all levels of governmenf working in partnership with theprivate sector,” Bonner said in a “The recovery plans will be an importantr tool to help identifyg opportunities and specific steps we can take immediately to spur economidc recovery throughout the state.
”
Randolph is president and CEO of the Bay Area CounciolEconomic Institute, a public-private partnership of business, labor, government and educationh leaders supporting economic development in the nine-county region. He said the grou p has to submit a first draft ofits report, calledf the Bay Area Economic Recovery Workplan, by May 22 to the state’ss Business, Transportation and Housing Agency. The group’se schedule has been breakneck over the pastseverao weeks. “There is a huge range of proposalxsand proposers, with size and diversity to match the huge stimulusz package,” Randolph said.
On the largse side of the spectrum is the rebuilding of the Transbay Terminal transportation hub inSan Francisco, the first phase of which will cost $1.2 Toward the other end is a request for $79,00 0 for a police justice assistance grangt from the city of Santa Clara. Othert projects entering the stimulus-fund pipeline range from $6 billionh for the California High-Speed Rail Authority to help kickstargt construction ofthe 800-mile statewide to $2 million for the Redwoo d City School District that will be used to maintain 20 employeews who would otherwise have been laid off, to $663,000p for the city of Palo Alto to promotr energy-efficient projects.
Projects most likely to attract funding, accordinb to Randolph, are those utilizinbg public-private partnerships that involve multiple jurisdictions and have the potentia tocreate long-term employment. “The state is asking us to give them our best a few of which coulrd beconsidered strategic, some very small and a whole lot in the middle that may not reach the level of ‘strategic’ by but when coupled with other projects, coulr become much stronger Randolph said. Cities, counties, redevelopment agenciews and even private companies have submitted requests for part ofthe $787 billion American Recovery and Reinvestmentt Act of 2009.
Randolpjh said the state has $30 billionj in stimulus funds, while another $20 billion is available to projects in Californis from thefederal government. He said the projectds are being grouped bycategories — includingf work force, transportation and mobility, water, energgy and climate, science and innovation, and business development. California’z only automobile plant — , or NUMMI — is also seekingy $17 million in stimulus fundsx for a proposed rail ramp that will ease transport of automotivr parts tothe plant.
Recognizing the Obama administration’s interest in energty efficiency and reducing greenhouse the company’s rail line could reduce the number of truck on the road ferrying parts and suppliese from the Lathrop area to Randolph said his agency is one of 12 statewide responsible for culling through applications from each region. It previouslyu analyzed the state’s international trade policy forthe Business, Transportatiob and Housing Agency, and this probably led to it being chosen to be the Bay Area stimulus applicatiojn clearinghouse. Because federal officials want stimulusd funds to enter theeconomy quickly, Dale E.
who heads the Business, Transportation and Housing Agency, gave Randolpbh and his team of reviewers a littlde more than two months to compilethe plan. “The statse and federal response to the global recession calls for a cleart focus on priorities and a collaborativr spirit at all levels of governmenf working in partnership with theprivate sector,” Bonner said in a “The recovery plans will be an importantr tool to help identifyg opportunities and specific steps we can take immediately to spur economidc recovery throughout the state.
”
Wednesday, February 1, 2012
No labor stoppage wanted: NHL hopeful for upcoming peaceful labor talks with NHLPA - Washington Post
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KXLY Spokane | No labor stoppage wanted: NHL hopeful for upcoming peaceful labor talks with NHLPA Washington Post The realignment proposal seemed like it would be rubber-stamped. Shuffle some teams around, create some new conferences, make sure each team made a visit to each NHL city. Sounded promising. In a surprise move, the players' association balked. The playoff expansion debate NHL Commissioner Optimistic About Union Negotiations |
Monday, January 30, 2012
AVCE Direct Engraving Material Delivers Amazing Results - PR Web (press release)
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PR Web (press release) | AVCE Direct Engraving Material Delivers Amazing Results PR Web (press release) AVCE lets you control the engraving parameters that affect dot shape and support, producing precise results which can be changed to match your printing requirements. AVCE, a new high-performance direct engraving material specifically designed for laser ... |
Saturday, January 28, 2012
White Sky protects browsers and data, not computers - San Francisco Business Times:
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Jerry Thompson, founder of San Mateo-based White Sky, says people should still use anti-virus/malware/spyware software to protecgt their hardware, but they should also get his ID Vault produc forabout $50 a because it does something other security products don’t: It createws a hackproof browser in which to do financial “We do it in real time, every We don’t care about the 20,000 malware programs unleashedd every day. We just don’t care. We protectf your browser and your We don’t protect your PC,” he said.
Thompson’x 4-year-old, 24-person company is havinhg success makingthe distinction, and offers to subscribe to ID Vault are getting included on majort distribution platforms that coulxd provide significant growth. For in January, the company announced a multi-year agreemen with to include ID Vault softwarer on Lenovo IdeaPad Notebook computers and some LenovoNetbook computers. The produc t works only with ’s Internetf Explorer 6.0 or higher.
Jerry Thompson, founder of San Mateo-based White Sky, says people should still use anti-virus/malware/spyware software to protecgt their hardware, but they should also get his ID Vault produc forabout $50 a because it does something other security products don’t: It createws a hackproof browser in which to do financial “We do it in real time, every We don’t care about the 20,000 malware programs unleashedd every day. We just don’t care. We protectf your browser and your We don’t protect your PC,” he said.
Thompson’x 4-year-old, 24-person company is havinhg success makingthe distinction, and offers to subscribe to ID Vault are getting included on majort distribution platforms that coulxd provide significant growth. For in January, the company announced a multi-year agreemen with to include ID Vault softwarer on Lenovo IdeaPad Notebook computers and some LenovoNetbook computers. The produc t works only with ’s Internetf Explorer 6.0 or higher.
Thursday, January 26, 2012
Streamline jumps into black for 1Q - Triangle Business Journal:
http://www.pixelcreatif.com/p-250.html
The software company reported net incomdeof $16,300, or zero cents per share, comparec to a net loss of $815,000, or 9 cents per in the year-ago quarter. Revenues grew to $3.8 milliomn from $3.6 million. The one analysrt who covers the company expected a net loss of 2 centd on revenuesof $3.5 million. Systems sales and service, maintenancde and support revenues both rose 12 percent during the while application hosting servicesa revenues fell23 percent, the company said in a news “We continue to make progress in moving this businesse forward to the point of becomingh consistently profitable; that is our main strategic said CEO Brian Patsy in the release.
In early June, Streamline won a contract valuerd at morethan $1 million to integrate its documen t workflow solutions into an electronic medical recordxs system at a Canadian health care region, Pats y said. It is the second Canadian contract the company has won in the past Despite thebetter news, shares of Streamline (NASDAQ: followed most tech stockz down on Wednesday losing more than 8 percent, or 26 to $2.89. Streamline Health Solutions, basedf in Cincinnati, is a supplier of workfloaw and documentmanagement tools, applications and services to businesses, specificall health-care organizations.
The software company reported net incomdeof $16,300, or zero cents per share, comparec to a net loss of $815,000, or 9 cents per in the year-ago quarter. Revenues grew to $3.8 milliomn from $3.6 million. The one analysrt who covers the company expected a net loss of 2 centd on revenuesof $3.5 million. Systems sales and service, maintenancde and support revenues both rose 12 percent during the while application hosting servicesa revenues fell23 percent, the company said in a news “We continue to make progress in moving this businesse forward to the point of becomingh consistently profitable; that is our main strategic said CEO Brian Patsy in the release.
In early June, Streamline won a contract valuerd at morethan $1 million to integrate its documen t workflow solutions into an electronic medical recordxs system at a Canadian health care region, Pats y said. It is the second Canadian contract the company has won in the past Despite thebetter news, shares of Streamline (NASDAQ: followed most tech stockz down on Wednesday losing more than 8 percent, or 26 to $2.89. Streamline Health Solutions, basedf in Cincinnati, is a supplier of workfloaw and documentmanagement tools, applications and services to businesses, specificall health-care organizations.
Tuesday, January 24, 2012
Saxofonist Honing wint Boy Edgar Prijs - NOS.nl
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PZC | Saxofonist Honing wint Boy Edgar Prijs NOS.nl ... jury geprezen voor zijn vermogen om op een overtuigende manier zijn kunstzinnige ambities te realiseren. De Boy Edgar Prijs, een beeld van Jan Wolkers en een bedrag van 12.500 euro, wordt in mei aan Yuri Honing uitgereikt in het Bimhuis in Amsterdam. Boy Edgar Prijs voor Yuri Honing |
Saturday, January 21, 2012
Arizona loses solar plant to New Mexico - Phoenix Business Journal:
vasilisaxavymar.blogspot.com
The loss comes as the puts the full-court pressd on industry leaders and lawmakers to prepare for the nextlegislative session, which beginw Jan. 12. GPEC’s goal is to even the playing fieldc with other states to make Arizonw more competitive for these types of Signet chose Albuquerqueon Dec. 16 for its new which will create up to 600 manufacturing jobs tobuilr thin-film solar panels. “Even in these difficulg times, there are states that have a lot of good saidBarry Broome, GPEC president and CEO. The deal will locatse Menlo Park, Calif.-based Signet’s facility next to Schott Solar another company Arizona lost to New Mexicp earlierthis year.
Arizona’s neighbor has become increasinglyy aggressive in courtingsolar companies, and GPEC is pushing for legislation to create incentives to lure those Last week, the council brought in a trio of solaf industry experts to analyze what is needex to bring the Valleu to the same level as other states that have made solar a All things being equal, it is about the said Peter Green, presidenf and CEO of . “You’ve got to have something that differentiate you, and then you stand out,” said whose company is based in Albuquerque.
As part of the group’ s effort to garner more support for its plan to attracy solar manufacturing tothe state, Broome moderated a discussion at the Greater Phoenix Chambetr of Commerce’s energy conference last week. This week, he moderated a solar roundtable forCoreNe Global’s Desert Mountain A late push was made for sola r endeavors in the 2008 legislative but no bills were Supporters are putting on the pressurs as the new year Arizona has come out on the shory end of several deals in recent years losing to primarily to states that have similar labor poolsz and amenities, but provide incentives that tip the The three industry representatives said Phoenix could becomr a major player because it has a work forcew rooted in the semiconductor industry and Arizonza State University, which has an internationapl solar testing facility.
But going againsgt a state suchas Oregon, which offerds a 50 percent tax credit, makes Arizona’s case more said Dick Sheehy, director of advanced planning for , an Colo.-based energy construction and design The state has options, said Erik director of the New Mexico and Texa s markets for One method is to create solar manufacturinh incentives, he said placing greater renewable-energy requirements on utilities, for example. A stronger commitmeng could be a bonus if companies knew their producrt would bein demand.
Ellizs said the best way to ensurw facilities get built would be to structurea feed-in guaranteeing new renewable energy projects a certai revenue stream from utilities — but that would be a toughg sell during a recession. The Legislatures also could dedicate more fundws for the ArizonaCorporation Commission’s staff to beginb designating land for solar powe generation and new transmission Ellis said. “Unless there are competenft people focusing on this at amultiyear we’re going to miss this opportunity to become a majort exporter of solar he said. Advent Solar: CH2M Hill: Ausra Inc.
: Greater Phoenix Economic Council:
The loss comes as the puts the full-court pressd on industry leaders and lawmakers to prepare for the nextlegislative session, which beginw Jan. 12. GPEC’s goal is to even the playing fieldc with other states to make Arizonw more competitive for these types of Signet chose Albuquerqueon Dec. 16 for its new which will create up to 600 manufacturing jobs tobuilr thin-film solar panels. “Even in these difficulg times, there are states that have a lot of good saidBarry Broome, GPEC president and CEO. The deal will locatse Menlo Park, Calif.-based Signet’s facility next to Schott Solar another company Arizona lost to New Mexicp earlierthis year.
Arizona’s neighbor has become increasinglyy aggressive in courtingsolar companies, and GPEC is pushing for legislation to create incentives to lure those Last week, the council brought in a trio of solaf industry experts to analyze what is needex to bring the Valleu to the same level as other states that have made solar a All things being equal, it is about the said Peter Green, presidenf and CEO of . “You’ve got to have something that differentiate you, and then you stand out,” said whose company is based in Albuquerque.
As part of the group’ s effort to garner more support for its plan to attracy solar manufacturing tothe state, Broome moderated a discussion at the Greater Phoenix Chambetr of Commerce’s energy conference last week. This week, he moderated a solar roundtable forCoreNe Global’s Desert Mountain A late push was made for sola r endeavors in the 2008 legislative but no bills were Supporters are putting on the pressurs as the new year Arizona has come out on the shory end of several deals in recent years losing to primarily to states that have similar labor poolsz and amenities, but provide incentives that tip the The three industry representatives said Phoenix could becomr a major player because it has a work forcew rooted in the semiconductor industry and Arizonza State University, which has an internationapl solar testing facility.
But going againsgt a state suchas Oregon, which offerds a 50 percent tax credit, makes Arizona’s case more said Dick Sheehy, director of advanced planning for , an Colo.-based energy construction and design The state has options, said Erik director of the New Mexico and Texa s markets for One method is to create solar manufacturinh incentives, he said placing greater renewable-energy requirements on utilities, for example. A stronger commitmeng could be a bonus if companies knew their producrt would bein demand.
Ellizs said the best way to ensurw facilities get built would be to structurea feed-in guaranteeing new renewable energy projects a certai revenue stream from utilities — but that would be a toughg sell during a recession. The Legislatures also could dedicate more fundws for the ArizonaCorporation Commission’s staff to beginb designating land for solar powe generation and new transmission Ellis said. “Unless there are competenft people focusing on this at amultiyear we’re going to miss this opportunity to become a majort exporter of solar he said. Advent Solar: CH2M Hill: Ausra Inc.
: Greater Phoenix Economic Council:
Thursday, January 19, 2012
Baffling, Then and Now - Boston.com
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Baffling, Then and Now Boston.com Diagram from "Baffles and Bastions: The Universal Features of Fortifications," by Lawrence H. Keeley, Marisa Fontana, and Russell Quick, in the March, 2007 issue of the Journal of Archaeological Research. Via BLDGBLOG This great diagram is from ... |
Tuesday, January 17, 2012
Children's Museum loan to help fund construction - Phoenix Business Journal:
antoninahubihe.blogspot.com
The $1.5 million, 3.5 percent loan puts the Children'sz Museum over the top in fundraising for constructiohn ofits building, which triggers a capital contribution by the city of said Kate Wells, a museum co-foundetr and executive director of marketing and development. The museum is expecte to open early next year in the historic Monroe School at the intersectiomn of Seventh and Van Buren The school is undergoinga $22.8 millio n renovation to house the museum, which will be 70,000 square feet upon completioh early next year. Ground was broken last April and some initialk interior demolition hasbeen done, but the new loan will alloww full construction to begin, Wells said.
Althoughg Phoenix voters approved a bond that will help renovatthe building, it's up to museum officials to raise money and contribute about$32 million toward the project, Wells said. The buildinv is owned by the cityof Phoenix. The city leases it to the a registered nonprofit, at no charge. "q lot of our donor s are making pledges over three tofive years. But we don'r have the cash in hand, and we have to pay our constructionn costs rightup front," Wells said. "W don't own the building, so we couldn' t take out a loan using the buildintas collateral." "Not-for-profits in general have a hard time gettingv financing.
Capital is tough to raise," said Marisue Garganta, director of community health integrationfor . The loan is part of an ongoiny effort by Catholic Healthcare West to supportf the communities inwhich they're located, she said. "Justr this past year, we've loaned close to$4 millionm to not-for-profits," Garganta said. Valley recipients include BodyPositive, the and Chicanos por la Causa. In addition to CHW, a 501(c)3e organization, major contributors to the Children's Museum include the and , each of whicgh donated $1 million to the project, Wells said. A $1 millionb donation also was made byRobert Sarver, whoses investment group owns the .
Suns Chairman Jerrty Colangeloadded $250,000. Sarver and Colangelo co-chair the museum'd capital campaign. Garganta said she hopesw CHW played a role in helping generatde suchnoteworthy contributions. "Because we invested in now othersbelieve it's a worthy investment. And our dollarx are leveraged farther than even what the loanis worth," she The museum will offer hands-on experientiakl art for children up to 10 years old. It will focuzs on all types of with demonstrations andinteractivwe displays, Wells said. The museum also is partnering with , whichg will operate an educational learninfg lab for a bilingual Wells said.
"When we open, we are going to be one of thelargesy children's museums in the she said. Currently, the in Mesa and the on Jeffersob Street provide activities and exhibites for childrenas well. Children'es Museum of Phoenix: Catholic Healthcare West: Arizon a Science Center: Arizona Museum for
The $1.5 million, 3.5 percent loan puts the Children'sz Museum over the top in fundraising for constructiohn ofits building, which triggers a capital contribution by the city of said Kate Wells, a museum co-foundetr and executive director of marketing and development. The museum is expecte to open early next year in the historic Monroe School at the intersectiomn of Seventh and Van Buren The school is undergoinga $22.8 millio n renovation to house the museum, which will be 70,000 square feet upon completioh early next year. Ground was broken last April and some initialk interior demolition hasbeen done, but the new loan will alloww full construction to begin, Wells said.
Althoughg Phoenix voters approved a bond that will help renovatthe building, it's up to museum officials to raise money and contribute about$32 million toward the project, Wells said. The buildinv is owned by the cityof Phoenix. The city leases it to the a registered nonprofit, at no charge. "q lot of our donor s are making pledges over three tofive years. But we don'r have the cash in hand, and we have to pay our constructionn costs rightup front," Wells said. "W don't own the building, so we couldn' t take out a loan using the buildintas collateral." "Not-for-profits in general have a hard time gettingv financing.
Capital is tough to raise," said Marisue Garganta, director of community health integrationfor . The loan is part of an ongoiny effort by Catholic Healthcare West to supportf the communities inwhich they're located, she said. "Justr this past year, we've loaned close to$4 millionm to not-for-profits," Garganta said. Valley recipients include BodyPositive, the and Chicanos por la Causa. In addition to CHW, a 501(c)3e organization, major contributors to the Children's Museum include the and , each of whicgh donated $1 million to the project, Wells said. A $1 millionb donation also was made byRobert Sarver, whoses investment group owns the .
Suns Chairman Jerrty Colangeloadded $250,000. Sarver and Colangelo co-chair the museum'd capital campaign. Garganta said she hopesw CHW played a role in helping generatde suchnoteworthy contributions. "Because we invested in now othersbelieve it's a worthy investment. And our dollarx are leveraged farther than even what the loanis worth," she The museum will offer hands-on experientiakl art for children up to 10 years old. It will focuzs on all types of with demonstrations andinteractivwe displays, Wells said. The museum also is partnering with , whichg will operate an educational learninfg lab for a bilingual Wells said.
"When we open, we are going to be one of thelargesy children's museums in the she said. Currently, the in Mesa and the on Jeffersob Street provide activities and exhibites for childrenas well. Children'es Museum of Phoenix: Catholic Healthcare West: Arizon a Science Center: Arizona Museum for
Sunday, January 15, 2012
SMF Energy announces $40M recapitalization - The Business Journal of Milwaukee:
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The company (NASDAQ: FUEL) said in a news releasew that it estimates the recapitalization will reduceits short-term debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interest and dividends by more than $1 millionm a year. It said shareholders' equity has been increasefd by morethan $4 million as a SMF Energy said it extinguished all of its existing non-bank debt and outstandingf preferred stock through various agreements with dozenxs of existing debt and equityu investors, while converting its existing $25 million asset-baser lending facility into a new, more favorable, three-year, $20 milliob asset-based lending facility and a $5 million, 60-monthy amortized term loan, the proceeds of which were used to pay down $4.
8667 million in secured note and $125,000 in unsecured notes. The companyh said it issued new stock to make up the balancwe paid for the cancellation and extinguishment of the existing debt andequity securities. Fort Lauderdale-based SMF Energy said in the releasde that the recapitalization took place with amendedc agreements withand . It said the only non-banjk debt incurred in the recapitalization was an unsecurec subordinated promissory noteof $800,000 at 5.5 percent interesty issued to an existing institutional investor in exchange for $800,00 0 of one of the Augus t 2007 11 percent seniofr secured convertible promissory notes.
The institutionall investor alsoexchanged $200,000 of the same securedc note for shares of common stocik priced at 38 cents a share, which was greatet than the closing bid pricwe of the stock on the day before the effectivde date. acted as SMF Energy’s placement agen for the recapitalization and received fees of paid with a combination of cash and pursuant toa Feb. 1 investment bankingy agreement. SMF Energy supplies specialized transportation and distribution serviceas for petroleum productsand chemicals. It providesa commercial mobile andbulk fueling, along with other services to the manufacturing, construction, energy, telecommunications and government servicew sectors.
Formerly known as , as of Nov. 30, it conductedr operations through 31 service locations in 11 Shares closed down nearlh 3 cents to about 35 The 52-week high was 71 cents on Aug. 28. The 52-week low was 10 centd on Feb. 20.
The company (NASDAQ: FUEL) said in a news releasew that it estimates the recapitalization will reduceits short-term debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interest and dividends by more than $1 millionm a year. It said shareholders' equity has been increasefd by morethan $4 million as a SMF Energy said it extinguished all of its existing non-bank debt and outstandingf preferred stock through various agreements with dozenxs of existing debt and equityu investors, while converting its existing $25 million asset-baser lending facility into a new, more favorable, three-year, $20 milliob asset-based lending facility and a $5 million, 60-monthy amortized term loan, the proceeds of which were used to pay down $4.
8667 million in secured note and $125,000 in unsecured notes. The companyh said it issued new stock to make up the balancwe paid for the cancellation and extinguishment of the existing debt andequity securities. Fort Lauderdale-based SMF Energy said in the releasde that the recapitalization took place with amendedc agreements withand . It said the only non-banjk debt incurred in the recapitalization was an unsecurec subordinated promissory noteof $800,000 at 5.5 percent interesty issued to an existing institutional investor in exchange for $800,00 0 of one of the Augus t 2007 11 percent seniofr secured convertible promissory notes.
The institutionall investor alsoexchanged $200,000 of the same securedc note for shares of common stocik priced at 38 cents a share, which was greatet than the closing bid pricwe of the stock on the day before the effectivde date. acted as SMF Energy’s placement agen for the recapitalization and received fees of paid with a combination of cash and pursuant toa Feb. 1 investment bankingy agreement. SMF Energy supplies specialized transportation and distribution serviceas for petroleum productsand chemicals. It providesa commercial mobile andbulk fueling, along with other services to the manufacturing, construction, energy, telecommunications and government servicew sectors.
Formerly known as , as of Nov. 30, it conductedr operations through 31 service locations in 11 Shares closed down nearlh 3 cents to about 35 The 52-week high was 71 cents on Aug. 28. The 52-week low was 10 centd on Feb. 20.
Friday, January 13, 2012
Territorial IPO a hit with investors - Phoenix Business Journal:
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million shares in the firsy day of trading on the Nasdaq exchange. Territorial Bancorp (NASDAQ:TBNK) had priced the shares at $10 for the initialk public offering. The stock openerd at $14.05 on Monday, and rose to $15 during the day’ss trading before closing at $14.99, an increase of nearlt 50 percent. The stock closed at $14.83w in trading on with a volumeof 562,244. The companyu had said it expected to raise morethan $122 millionj by selling 12.2 million sharexs of common stock in its subscriptiom offering. Borrowers and depositors with accountsz more than two years old were eligiblr to buy the stock last week and the effort was with more buyers thanavailable stock.
The Honolulu-based bank-holding company first had announced plans to go public in 2008 and had expecte d toraise $125.6 million in the initial public offering. has $1.2 billiojn in assets, total loans of $642.1 million and tota l deposits of $923.9 million. The company has 24 Territorial Savings Bank branchesin
million shares in the firsy day of trading on the Nasdaq exchange. Territorial Bancorp (NASDAQ:TBNK) had priced the shares at $10 for the initialk public offering. The stock openerd at $14.05 on Monday, and rose to $15 during the day’ss trading before closing at $14.99, an increase of nearlt 50 percent. The stock closed at $14.83w in trading on with a volumeof 562,244. The companyu had said it expected to raise morethan $122 millionj by selling 12.2 million sharexs of common stock in its subscriptiom offering. Borrowers and depositors with accountsz more than two years old were eligiblr to buy the stock last week and the effort was with more buyers thanavailable stock.
The Honolulu-based bank-holding company first had announced plans to go public in 2008 and had expecte d toraise $125.6 million in the initial public offering. has $1.2 billiojn in assets, total loans of $642.1 million and tota l deposits of $923.9 million. The company has 24 Territorial Savings Bank branchesin
Wednesday, January 11, 2012
Florida Bank raises $18 million - Kansas City Business Journal:
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The Tampa-based parent companty for Florida Bankraised $18.3 millio n in a rights offering, which “strategically positions the company to take advantage of growth opportunities,” the compant announced Tuesday. The completeed offering surpassed offerings tracked by SNL Financial from publicv banks based in Floridathis year, which rangedf from $428,000 to nearly $11 million as of May 31. Florida Bank Groupp is a private bank. “Mosr banks in the United States and in Florida need to raise additiona lequity capital.
It is particularly difficult for them to do so as many have had negativwe earnings in 2008 and first quarter 2009 and the markeft prices for publicly held bank stocks are tradint at record low prices in terms of the ratio of marketg price to tangiblebook value,” said Ben chairman of Jacksonville-based investmentt banker Allen C. Ewinf & Co. “In regards to the Florida BankGroup offering, this offeringg was very successful in that they apparently raised $18 or 90 percent of thei r target raise of $20 million, especially in these existing market Florida Bank has three branches in Jacksonville and 16 throughou the state.
Prior to the completed equity Florida Bank had atotall risk-based capital ratio of 11.7 percent as of Marc h 31, according to the Federal Deposirt Insurance Corp. Regulators requirse that ratio to be at least 10 percentf in order for the bank to be considered The bank grew total assetsby 64.3 percentt to $858.3 million in the firstt quarter compared to a year earlier. Tota l loans increased 51.4 percent to nearly $665.8 millio n and total deposits jumpexd 85.2 percent to $687.t million during that same period.
“Thise infusion of new capital is a vote of confidence from our existing shareholders that will allowFBG (Florida Bank to enhance its financial strength and even further distinguisyh itself among other banks in the market place,” said the company’s Chairmabn and CEO, Robert Rothman, in the “This economic climate offers unique opportunities to grow and increas our customer base as consumers and businesses are seekinb strong, safe banking institutions.
”
The Tampa-based parent companty for Florida Bankraised $18.3 millio n in a rights offering, which “strategically positions the company to take advantage of growth opportunities,” the compant announced Tuesday. The completeed offering surpassed offerings tracked by SNL Financial from publicv banks based in Floridathis year, which rangedf from $428,000 to nearly $11 million as of May 31. Florida Bank Groupp is a private bank. “Mosr banks in the United States and in Florida need to raise additiona lequity capital.
It is particularly difficult for them to do so as many have had negativwe earnings in 2008 and first quarter 2009 and the markeft prices for publicly held bank stocks are tradint at record low prices in terms of the ratio of marketg price to tangiblebook value,” said Ben chairman of Jacksonville-based investmentt banker Allen C. Ewinf & Co. “In regards to the Florida BankGroup offering, this offeringg was very successful in that they apparently raised $18 or 90 percent of thei r target raise of $20 million, especially in these existing market Florida Bank has three branches in Jacksonville and 16 throughou the state.
Prior to the completed equity Florida Bank had atotall risk-based capital ratio of 11.7 percent as of Marc h 31, according to the Federal Deposirt Insurance Corp. Regulators requirse that ratio to be at least 10 percentf in order for the bank to be considered The bank grew total assetsby 64.3 percentt to $858.3 million in the firstt quarter compared to a year earlier. Tota l loans increased 51.4 percent to nearly $665.8 millio n and total deposits jumpexd 85.2 percent to $687.t million during that same period.
“Thise infusion of new capital is a vote of confidence from our existing shareholders that will allowFBG (Florida Bank to enhance its financial strength and even further distinguisyh itself among other banks in the market place,” said the company’s Chairmabn and CEO, Robert Rothman, in the “This economic climate offers unique opportunities to grow and increas our customer base as consumers and businesses are seekinb strong, safe banking institutions.
”
Sunday, January 8, 2012
WQED sells Pittsburgh Magazine to Wiesner Media - Pittsburgh Business Times:
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The public broadcasting company has reachecd an agreement to sell its publishinv divisionto LLC, a publishing and media company based in Greenwood Village, Colo. WQED decided to sell the magazine to focus on its corebroadcast mission, emphasizeds George Miles, CEO of He declined to disclose the price of the sale, whicj takes effect immediately. “This is a strategic move as we look tothe long-term viability of WQED,” Miles said. “We concluded that electronic businessz is what we should befocusing on. This is aboutf fit and focus.
” WQED had published Pittsburgh Magazine for 19 of its 40 Dan Wiesner, principal of Wiesner Media, said to expecty no major changes at Pittsburgh Magazine, praising the leadership of publisher Betsy Benson. He said he expects to only cut somebasifc back-office jobs in which there is Wiesner, who has been in the publishinbg business for 27 said he is working to grow a rosterd of city magazines. “I’m very excitedd and our companyis excited,” he said. we’ll be adding jobs and growintgthe business, because it’s a perfect time and a greagt magazine.
” According to its media kit, Pittsburghb Magazine has a circulatioh of 50,793 and a total readershio of 317,800, marketing itself as the region’d only magazine with a paid and auditef circulation. Miles said the approximately 30,000 WQED members who received the magazine as part of their premium membership will continure todo so, a term that was a deal breaker for the publid broadcaster. WQED also will retain editorial control overthe “Onj Air” portion of the which provides the schedule for WQED Miles said Pittsburgh Magazine’s annual budger under WQED was $4 million.
The magazine employed 21 people, 18 of whom are expected to remain underthe ownership, he In an internal e-mail the companyg circulated to announce the WQED General Manager Deb Acklin emphasizedx that “Pittsburgh Magazine was one of the last magazinese published by a major market publid broadcaster in the United States” and that WQED continued to publishb it “after public broadcasters in cities like New York, Chicago and San Franciscop sold their magazines.” The sale comes as WQED faces cost-cuttintg pressure from the recession and the prospect of losinfg the $1 million it receives from the statwe as a result of overall state budget cuts.
However, Miles said the sale had nothing to dowith WQED’s budget crunch and he expects the new ownership will be able to grow the
The public broadcasting company has reachecd an agreement to sell its publishinv divisionto LLC, a publishing and media company based in Greenwood Village, Colo. WQED decided to sell the magazine to focus on its corebroadcast mission, emphasizeds George Miles, CEO of He declined to disclose the price of the sale, whicj takes effect immediately. “This is a strategic move as we look tothe long-term viability of WQED,” Miles said. “We concluded that electronic businessz is what we should befocusing on. This is aboutf fit and focus.
” WQED had published Pittsburgh Magazine for 19 of its 40 Dan Wiesner, principal of Wiesner Media, said to expecty no major changes at Pittsburgh Magazine, praising the leadership of publisher Betsy Benson. He said he expects to only cut somebasifc back-office jobs in which there is Wiesner, who has been in the publishinbg business for 27 said he is working to grow a rosterd of city magazines. “I’m very excitedd and our companyis excited,” he said. we’ll be adding jobs and growintgthe business, because it’s a perfect time and a greagt magazine.
” According to its media kit, Pittsburghb Magazine has a circulatioh of 50,793 and a total readershio of 317,800, marketing itself as the region’d only magazine with a paid and auditef circulation. Miles said the approximately 30,000 WQED members who received the magazine as part of their premium membership will continure todo so, a term that was a deal breaker for the publid broadcaster. WQED also will retain editorial control overthe “Onj Air” portion of the which provides the schedule for WQED Miles said Pittsburgh Magazine’s annual budger under WQED was $4 million.
The magazine employed 21 people, 18 of whom are expected to remain underthe ownership, he In an internal e-mail the companyg circulated to announce the WQED General Manager Deb Acklin emphasizedx that “Pittsburgh Magazine was one of the last magazinese published by a major market publid broadcaster in the United States” and that WQED continued to publishb it “after public broadcasters in cities like New York, Chicago and San Franciscop sold their magazines.” The sale comes as WQED faces cost-cuttintg pressure from the recession and the prospect of losinfg the $1 million it receives from the statwe as a result of overall state budget cuts.
However, Miles said the sale had nothing to dowith WQED’s budget crunch and he expects the new ownership will be able to grow the
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