Saturday, December 31, 2011

Convera folding into U.K. company - Triangle Business Journal:

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Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera's CEO, will become the chairmah of the board, and Coli Jeavons, Firstlight's CEO, will become the CEO. Convera's plan of dissolutiom contemplates an orderly wind down of its busines sand operations. After filing its certificate of Convera intends to make one or more distribution s to its stockholders of cash available for subject to applicablelegal requirements. Convera will then delist its common stockfrom Nasdaq. The new companh will bring together the vertical search technologh of Convera and the advertising sales and marketing capabilitiewsof Firstlight.
It will have over 60 corporatwe customer accounts and 120 existing Web sites withapproximately 1,50 0 advertisers. When the merger becomes effective, Convera will own 33.3 percen and Firstlight will own 66.7 percent of the totaol outstanding common stock of the new subject to certain adjustments which may enablse Convera to own up to 42 percenrt of the new company priore tothe distribution. The merger is subjectr to Convera stockholders' approval and certai other customaryclosing conditions. The merger is expected to closwethis summer.

Wednesday, December 28, 2011

Vought CEO: Tight credit led to $580M sale - Baltimore Business Journal:

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Instead, Dallas-based Vought announced Tuesdaythat it's selling its South Carolina 787 operations and facility to Boeingt for $580 million. Doty said expenses became an insurmountable issue for which originally ancitipated first delivery of the aircrafrt to take placein 2008. The first deliver y is now scheduledfor 2010, he “If you look at last year we invested $300 million in the Doty said. “At this we’re a company pushing $2 billion in annualo sales, and we have a billion dollars in Doty said when Vought first took on the programnin 2005, it was consistent with the company's resources. But the financial demands grew beyond what itcoulsd support.
So far, Doty said, Vought has investedf more than twice theamount anticipated, and it woulde have had to invest even more to About 350 to 400 employees in Dallas are providing engineerinb and support services to Boeing, and therde are no planned staffing changes as a result of the He said staffing levels will be dependenf on how long Boeing will requirse that support. Doty added that he’s prous of the services employeezs in Dallas have provide d and believes they will continu to be critical to the 787Dreamliner program.
Boeing will acquire the SouthhCarolina facility, assets and inventorty and will assume operation of the Separately, Boeing entered into new agreements with Voughtt for work packages on its 737, 777 and 787 "Integrating this facility and its talented employees into Boeinhg will strengthen the 787 program by enablingg us to accelerate productivity and efficiency improvements as we move toward production ramp-up," said Scotf Carson, president and CEO of Boeingy Commercial Airplane, in a statement. "In addition, it will bolsted our capability to develop and produce largee composite structures that will contribute to the advancement of thiscriticao technology.
Vought will receive $580 million upon closintg of the sale. Doty said the proceedes will be used to paydown debt, with some fundw being retained for general corporate purposes.

Monday, December 26, 2011

Nardin remains No.1 among high schools - New Mexico Business Weekly:

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“There’s always the question of what peoplre would think if we diddrop down,” says who is Nardin’s principal. “But that’s not our main It can’t be. We go beyondf looking at test results. We want to make certain our students receivea well-rounded education.” That strategy has paid off againh this year, as Nardin once again rankz No. 1 among Western New York’s high The all-girls Catholic school has finishexd first for eight consecutiveyears -- among private schooles from 2002 to 2006, and on the combined list ever since. for the completre high school rankings.
And for separate rankings for each section of Western New Williamsville East High Schoolis No. 2 in the 2009 just as it was ayear ago. Neighboringb Williamsville North High School holds third place this up from fifthin 2008. Business First analyze 131 high schools inthe eight-county region, using four yeard of data from the New York Stat Education Department. The formulwa weighed each school’s Regentse diploma rate, as well as its scores on a wide array ofRegentes exams. Nardin emerged as the cleatr leader.
Ninety-nine percent of its 2008 graduates earnedx Regents diplomas withadvanced designations, whichn are awarded to seniors who pass eight Regents No other high school in the region did betteer than 85 percent. Reeder says her goal is to push Nardin’se advanced diploma rate one point highert to100 percent. “We haven’t done it, but it continuesz to be something that weshootg for,” she says. “We always try to challenge our students, and this is definitelhy one way todo it.” Williamsville East climbed to secondd place in 2008 -- its best finish ever -- and remains therwe this year.
It’s one of three Wester New York high schools where morethan two-thirdxs of students posted superior scores (85 or on Regents exams in English, math, global history and U.S. (Nardin and Buffalo Academy of the Sacred Heart arethe “When you’ve done as well as we some people might think there’xs no more room for improvement,” says Neal Williamsville East’s principal. “But we’ve never though that. Every year, we talk aboutt ways that we canget better.” The leader outsidde of Erie County is Notre Dame High School, which ranks seventh overall.
The Bataviaz school, which has an enrollment of 172, draws students from six Some live as far away as Brockportand “There’s no secret,” says Joseph Scanlan, Notre Dame’s “We’re basically old school. We expect all of our kids to do Does thatalways happen? No, but it doesn’t mean that we let Twenty-eight high schools are winners of subject awards, puttin them among the top 10 percent in English/foreigm languages, math, science or social studies. for completde lists of subjectaward winners.
Nardin, Williamsvillee East and Williamsville North are the only schools to swee all foursubject awards, whilew 12 institutions are honored in a single Principal Kevin Ryan credits longer class periodes with helping Alden Senior High School win its sole subject awards in science. “In both biology and earth science, we have an 80-minute claszs every day along withan 80-minute lab everyh other day,” he says. “That give us some really solid, concentrated time on science, which has had positivw results.
” Private schools are not required to administeerRegents exams, and Buffalo Seminary, Canisius High Nichols School and Park School of Buffalo are amongf those that don’t. They have been excluder from the academic since Business First lacks the necessary data to generatewobjective ratings.

Saturday, December 24, 2011

NFL results - Yahoo! Eurosport UK

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NFL results

Yahoo! Eurosport UK


NFL results on Saturday (home team in CAPS) BUFFALO 40 Denver 14 CINCINNATI 23 Arizona 16 TENNESSEE 23 Jacksonville 17 Oakland 16 KANSAS CITY 13 (OT) NEW ENGLAND 27 Miami 24 PITTSBURGH 27 St. Louis 0 Minnesota 33 WASHINGTON 26 CAROLINA 48 Tampa Bay 16 ...


UPDATE 1-NFL results

Chicago Tribune



 »

Thursday, December 22, 2011

Clinton Memorial mulls tough decisions - Houston Business Journal:

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The time has come “to make some strategic and operationaoltough decisions,” CEO Andy Riddell wrotw in an employee newsletter distributedx Friday. Year-to-date, the hospital is $211,00 0 in the red. Charity care has It was $2.1 million year-to-date as of Aprio 30, compared with $1.6 million at the same time last Each serviceline manager, Riddell will make a presentation to the hospital’s operationd team “to justify the future existence of the service “For about 12 months, we have been ridinh the wave of uncertainty, not knowing how or when the air park business declines would really kick he said.
“To be quite I’ve considered (the fairly lucky in that the impact hasn’t hit us sooner.” The hospitalp is pursuing a merger or partnershipp with a largerhospital organization. But, Riddell wrote, “Affiliation or no these changes must be made to justifty ourfuture existence. There isn’t a white knight to ride in and save Hospital business from air park employeez was accounting forbetween $600,000 and $700,000p a month at the beginning of the In April it was down to little more than Package-carrier and local partner are layin off about 8,000 people in Wilmington. Clinton Memoriap has discussed affiliation optionswith TriHealth, and .
we have to work on the timetable of thepotentiall partners,” he said. “It is an uncertain financial environment andthe ‘due diligence’ to identify any leveol of risks on their part is at an all-time high.” Two other troubled hospitals in Greaterd Cincinnati are looking for help from a largert hospital operator. Deaconess and Brownn County General hospitals are lookingb for organizations to merge with orbuy them.

Tuesday, December 20, 2011

KCTV 5Youth drill team volunteer faces sex crime charges - KCTV Kansas City

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KCTV 5Youth drill team volunteer faces sex crime charges

KCTV Kansas City


Howard said Roberson volunteered with The Cobras on and off and also did work for The Wildcats and The Leopards. He also provided drill team instruction at several public schools through after-school programs run by the nonprofit Local Investment ...



and more »

Sunday, December 18, 2011

Study: More CEOs say good works boost recruiting - Washington Business Journal:

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This marks a shift in corporated philanthropy since the Roundtable released itsin 2000, whicn noted that corporate responsibility was beginning to evolve from communitu impact to bottom line impact. The most recentr report shows thatthe evolution, has taken place. Boston struggles to maintain its colleged grads as they move intothe workforce, and the Roundd Table report underscores that philanthropy is a factort making some local companies more attractivde to younger workers. The Roundtable issueds the report in collaborationh with the University of Massachusetts Boston EmergingLeaderzs Program.
A team from the Emergingf Leaders Program started workingy on the reportlast summer, interviewing 20 Massachusetts companies about their corporate social responsibility activities -- predominantly large companesd and representing a cross-section of industries. “Historically CEOs would engags in philanthropy because it was the right thingto do. They wante d to be good corporate citizens,” said J.D. Chesloff, deputy director of the MassachusettsaBusiness Roundtable. “Now there’s a good business case to incorporatinf it into theirbusiness plan. There’s a bottojm line impact to it, in addition to beingh good for all the othercommunity reasons.
” Basedx on the findings from the 20 companiesx included in the research, the report suggestz five ways companies can build a culture of sociaol responsibility: • Create a clear link to the company’sz mission and secure endorsement at the executive • Engage employees at all leveles as decision-makers in relation to corporate social responsibility targets and • Leverage employees’ skills to make positivew contributions to the community. Provide opportunities for employees to developnew skills.
“s lot of it is around a company beingy authentic about wanting to do somethingh in the community and listening to what the employees are interesteed in doing and connecting it to the valuea ofthe company,” said Ellenh Remmer, CEO of The , a nonprofit that promotes strategivc philanthropy and advises donors.

Thursday, December 15, 2011

NCCI requests 18.6% rate hike - Tampa Bay Business Journal:

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The ruling, Emma Murray v. , essentially struck down a cap on fees to lawyerz who represent injured The , which proposes rates for insurers in is asking for an 18.6 percenf rate hike over a two-year If approved, the hike would applyu to new and renewed policiees effective on or after Marc h 1. The request comes two weeksx after Florida Insurance Commissioner Kevin McCarty approvedan 18.6 percent rate cut, the most recent in a series of six rate cuts totalingh 60.5 percent. said if approve the impact to Florida employers would be in the hundredds of millionsof dollars.
“This rate increase reflects what the business community has said all The Murray decisionallows plaintiffs' trial lawyers to drive up theirr hourly fees through drawn out litigationm and frivolous claims,” the chambedr noted in a press release. The chambefr is asking the legislature to take action in response to the FloridaSupreme Court’s It said it was partnering with otherd organizations to work on legislative A public hearing on the rate hike request is tentatively set for Dec. 16.

Tuesday, December 13, 2011

Scripps Ups Jim Samples to President, International - Multichannel News

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Realscreen


Scripps Ups Jim Samples to President, International

Multichannel News


Scripps Networks Interactive announced the promotion of two executives in its international division Tuesday, upping Jim Samples, president of HGTV, to president, international, and Bob Baskerville to chief operating officer, international. ...


Scripps Interactiv e fills key int'l position

Variety


Scripps Networks Interactive (SNI) Crosses Pivot Point Resistance at $42.85

Financial News Network Online


Scripps Networks Interactive Names Jim Samples President of Company's ...

MarketWatch (press release)


Realscreen -World Screen


 »

Sunday, December 11, 2011

Huntington prices stock offering - San Francisco Business Times:

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Columbus-based Huntington said it priced an offering of 90 millionb sharesat $3.60 a share, which wouldc raise $324 million. The bank took order for the stock Wednesday and expects to finishg allocating shares to investors byJune 9, said Jay who leads Huntington’s investor relations. Huntington announced the offering, originally set for only $300 on Wednesday after suspending a program launchex in late May that resulted in the saleof $76 milliob in stock. Under the new underwriters havea 30-day option to buy up 13.5 milliobn more shares, which would raise $48.6 million.
If underwritersx take the over-allotment that will bring the capitall raised from the suspended program and new offering to acombinerd $448.6 million. The stocki sale is part of a largeer Huntington plan to build a cushion against a deeper economic downturn and eventuallyrepay $1.4 billion in governmen t bailout funds. The bank is looking to sell $75 million in preferred securities and togenerat $250 million from balance sheet adjustments and the adoptionn of new accounting standards. Huntington (NASDAQ:HBAN) last mont h sold $120 million of stock and said it expects most ofthe capital-raisinfg actions to wrap up before June 30.
CEO Stephen Steinourt said in a release Thursday thatthe higher-than-expected proceeds from the stocl sale “reflects well on the increasing investod confidence we sense in the marketplace regardinhg Huntington’s future prospects.” “The depth of interest reflected both existintg shareholders wanting to increase their ownership, as well as indicationw of interest by a number of long-term-oriented investors,” Steinour said. Huntington is Central Ohio’s largest with 69 area branches $8.
84 billiob in regional deposits as ofJune 30, according to the

Friday, December 9, 2011

Honduras bans motorcycle passengers in anti-crime move - BBC News

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BBC News


Honduras bans motorcycle passengers in anti-crime move

BBC News


The Honduran Congress has voted to ban motorcyclists from riding with passengers in a bid to curb a spate of drive-by killings. The move follows two high-profile murders this week, both blamed on gunmen on motorbikes. Congress also approved a ...


One person per motorcycl e to stem crime in Honduras

Straits Times


Congress Bans Motorcycle Passengers in Honduras

Honduras Weekly


Ex-Security Minister Assassinated in Honduras

InSight Crime


International Business Times UK


 »

Wednesday, December 7, 2011

Pearl Harbor anniversary serves as time to remember - Wisconsin Rapids Tribune

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msnbc.com


Pearl Harbor anniversary serves as time to remember

Wisconsin Rapids Tribune


7, 1941, re »

Sunday, December 4, 2011

Authorities release details on death - Denton Record Chronicle

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Authorities release details on death

Denton Record Chronicle


Authorities have identified the man found dead Saturday in the Occupy Denton encampment on the University of North Texas campus as Darwin Cox, 23. Cox, who was described as homeless by people who knew him through the Occupy ...



and more »

Friday, December 2, 2011

UM works with Microsoft on health study - South Florida Business Journal:

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The partners announced Wednesday that thei r study aims to change the way primary care is delivere din Miami’s Overtown neighborhood – a predominantly African-Americajn section that has a high rate of They will create an electronic feedbacl loop between patients and primary care physicianws that should improve the monitoring of chronic The initial focus will be on diabetes. “Considerinv that diabetes is one of the leadinv illnesses in the United the ability for patiente to more accurately track and managse their condition can have a meaningful impact on their personall health as well as the cost containment forour customers,” Jack general manager for the U.S.
Public Sectof Health at Microsoft, said in a news The program will use technologies developed byMicrosoftg (NASDAQ: MSFT) and Bellevue, Wash.-based Resolute Solutions. “It is our hope that this pilo t will be able to fundamentally change the way that familyh practice isimplemented – moving from a low-tech, high-touchj model to a high-tech, high-toucn model,” said Dr. Robert Schwartz, professor and chairmajn of Family Medicine and Community Healtb at the UM Miller Schoolof Medicine, in a news release. The studyy will be funded by a federao grant previously awardedto UM.