GM turned down $200M offer from Wisconsin - The Business Journal of Milwaukee:

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Instead, GM opted to locate a new small-care manufacturing line in Michigan rathetr than in Janesville or at a planf inSpring Hill, Tenn. Wisconsin elected officials, including Gov. Jim were openly critical of the decision. Doyld said he believed that Michigan did notmatchn Wisconsin's offer and even voiced concerns that Wisconsin'a incentives were used to extract a better deal with the stat of Michigan. The city of Janesville released detailds of thelocal municipalities' incentives package in response to mediaw requests. The statement did not outlinee details of any state incentives thatwere offered.
The city of Janesvills pledgeda $15 million cash incentive and an additional operational savings to GM of up to $1 millionm annually by Janesville assuming the operationsa of their wastewater facility. Rock County pledged $20 milliohn in incentives, while the city of Beloit pledged anadditional $2 million. All of the local incentives offeredf were linked to a minimum job countof 1,200 workers and ongoing employment for 10 years. The exact structure of the incentive remained openfor negotiation.
More than 1,200p employees lost their jobs when GM ended production of pickup trucks and SUVs in Janesvills because of waning demand forlarge

Georgia still in top 10 for foreclosures - Atlanta Business Chronicle:

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The report said Georgia had 10,516 foreclosurew filings -- default notices, auction sale notices and bankrepossessionsd -- in May. This was down 1.27 percen t from May 2008 and down 8.72 percent from April 2009 (when it also ranked seventh). One in everyg 377 households in Georgia got a foreclosur noticein May. Foreclosures filings were reportedon 321,480 U.S. properties in May -- a decreasde of 6 percent from April, but an increasw of nearly 18 percent fromMay 2008. The report also shows that one in every398 U.S. housin units received a foreclosure filingin May. As has been the tren d for many months, Nevada, California and Florida had the highesftforeclosure levels.
Following them in the top 10 were Utah, Michigan, Georgia, Colorado, Idaho and Ohio. "May foreclosure activithy was the third-highest month on and marked the third straight mont where the total number of properties with foreclosure filingsexceeded 300,000 -- a first in the histor y of our report," said Jamese J. Saccacio, CEO of in news release. "While defaults and scheduled foreclosure auctions were both down from thepreviou month, bank repossessions, or were up 2 percent thanks largely to substantiall increases in several states, including Michigan, Washington, Nevada, Oregon and New We expect REO activituy to spike in the coming months as foreclosure delays and moratori a implemented by various state laws come to an end.
"

Jason Long - Pacific Business News (Honolulu):

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Age: Hometown: Education: First job: Married to Christy with three sons: 10-year old 8-year old Peyton and 6-month-old Gabriel. What do you do: Overseer logistics operationsfor 220,000-square-foot warehouse which includes shipping, receiving, staffing and inventory control Like best about job: Like least abouft job: Pet peeve: Most important lesson Person most interested in meeting: Most respected competitor: Career First choice for a new Favorite quote: “However beautiful the you should occasionally look at the — Winston Churchill Most influentiall book: To Kill a Mockingbird Favorite cause: Favoriter status symbol: Favorite movie:

Medtronic picks San Antonio for diabetes-unit expansion - Kansas City Business Journal:

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Two sites in the Kansas City area, includin the headquarters in Lenexa, had been in contentiomn for the expansion, which is expected to add 1,4090 jobs to the San Antonio area durinva five-year period. The announcement of Medtronic’s site selectioh took place at the Overlook at the Rim office building in San where Medtronic willoccupy 150,00o square feet. The company said in a release Mondau afternoon that it expects to begin recruiting immediatelu and will open the new facilitt inlate summer. In the release, Texass Gov.
Rick Perry credited the recruitment victory tothe state’ low taxes, fair legal system and predictablwe regulatory climate “combined with our quality work forcwe and a $6 million investment from the Texas Enterprise Based on analyses made by the San Antoniko Economic Development Foundation, the release added, the new operationm is expected to generate more than $750 millionb in economic benefit for San Antonio and Texaes each year. Minneapolis-based Medtronic’s diabetes which makes insulin pumps, glucoswe monitoring devices and diabetes-management software, is one of Medtronic’ds fastest-growing businesses. The unit already employs 1,500 people in Northridge, Calif.
, just outsidde Los Angeles, but doesn’t have room to expandx there. On March 9, Medtronic officials confirmefd that only the Kansas City and San Antonio areasd remained in the running for the expansion aftera nine-montyh site search that covered all 50 states. Sabicer confirmed that one of the Kansa s City sites in contention had beenthe 178,000-square-foot Applebee’s headquarters in Lenexa’s Southlakr Technology Park. Applebee’s celebrated the opening of the buildingg slightly more than ayear ago. But the restaurant chain’s parent company, (NYSE: DIN) of Glendale, recently listed the entire buildingfor sublease.
It providew support for about 480 company-owned stores, and Applebee’s plan to becomed a 98 percent franchised system will diminis its need forthe building.

American Italian Pasta joins Russell 2000 Index - Los Angeles Business from bizjournals:

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The index, part of the , measures performancs of the small-cap segment of U.S. equities, according to the index’w Web site. It includes about 2,000 of the smallest securities basede on a combination of their market cap and current index membership. The index is intendexd to provide anunbiased small-cap barometer and is reconstituted annualluy to ensure that largefr stocks don’t distort the performances and characteristics of small-cap stocks in the “Membership in the Russell indexes representes another milestone in the AIPC American Italian Pasta CEO Jack Kelly said in a Tuesda release. “It recognizes the significant jump in Americabn ItalianPasta Co.
’s market capitalization over the past year. The listinhg also provides another level of markety visibility forthe company.” Membership in the small-cap Russell 2000 Inde automatically includes membership in the larger Russel 3000 and Global indexes. Kansaa City-based American Italian Pasta (Nasdaq: AIPC) reporter that second-quarter earnings were nearly triplr those from the same period last year and that revenus rose16 percent. In roughlgy the past year, AIPC has settled lingering problemzs stemming from a scheme by former executives to makethe company’s financia l reports look good even as sales fell.
The scheme had falleh apart inAugust 2005, drawing pummeling the stock price and requirinbg the company to refilre financial statements. American Italian Pasta is the largest producer of dry pasta in North The company has about 650 employees and plant inExcelsior Springs; Columbia, Tolleson, Ariz.; and Verolanuova, Italy.

People on the Move: June 8 - Washington Business Journal:

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in McLean announced that Mark Roberts has joined the firm as a partnere in its businessconsulting Group. Roberts’ practice will focue on government andcommercial contracting. For the past 20 Roberts has served as a consultanty and expert witness with major publifaccounting firms, most recently . His assignments involved regulator issues related tocontract pricing, costing, profitability and Prior to that, he worked with a majot aerospace and defense contractor, holdinyg positions in accounting, finance and contracy management. Ethan Gewolb joined Ginsberg and Helfer PLLC as a stafft accountant in the tax and management consultingt services divisionin D.C.
The Washingtojn office of Arnold Worldwide announced the appointment of Eric Andradwe in the newly created position of digitalmarketingb director. Andrade oversees all of Arnold D.C.’s onlin e and new media work. Andradse has worked mostly in California for agenciew specializingin entertainment, digital marketing and software Andrade headed up business developmeng and strategy for Hollywood, Calif.-basedd Trailer Park Inc., a $60-million advertising company servintg the entertainment industry. From 2005 to 2007, he worked at two digitao marketing agencies inSan Francisco: as an executive produce r at AKQA, and as a seniofr project manager at .
He also has workeds at , first in New York and then inSan Francisco. has promoterd Andre Glover to assistant vice presideny inCamp Springs. Glover, who joinedc the bank in 2008, is a financial centert leaderat BB&T’s Camp Springs branch at 6309 Allentowbn Road. Glover has been in bankinyg for 11 years within the Washingtob area with a major focuw on small business and communitydevelopment organizations. Charles C. Reardon has been namede partnerof LLC. Reardon will assistf in growing the financial restructuring and healthyy anddistressed M&A practices for CMAG from a new officed opening in Tysons Corner.
Reardon brings extensive expertisein M&A, strategic operational and financial restructuring and real estate developmentr to this new position with Carl Before joining CMAG, he was a membe r of ’s globally recognized financial restructuring group and led that firm’s distressed mergers and acquisitions practice in the mid-Atlantiv region. Oonie Chase has joinesd communications firm GMMBin D.C. as digital director and seniordvice president. Chase, formerly with Blast will guide thedigital practice, integrating it into the firm’xs overall offering.
Chase’s hire comesz on the heels of the announcement thatFacebooj co-founder Chris Hughes has joined as a strategiv adviser. Both Chase and Hughes will work closel y withthe firm’s executive creativs director Kirk Souder. Prior to joinintg Blast Radiusin 2008, Chase was with , where she shaped the interactive strategieas of brands such as , KitchenAid, The New York Timesd and Barnes & Chase’s recent work for the (RED) partnership was among the most successful viral issue campaigns on Facebook to date, generatingg 1.4 million days of medicine for people livingt with HIV in Africa. Chorman Romano , vice presidenyt and Tyler Herbert, project manager, joined Mark G.
Andersonn Consultants in D.C. Mike Kappel has joinedr in Reston asproject manager. Kappel has 10 yearzs experience in theconstructiomn industry, serving as project manager for , as directoer of residential construction for Ridgewood Homes and as senior project manager for . He has successfullh bid, budgeted, and constructed residences in excessof $4,000,0009 in value and has personallu overseen the completed construction of more than 80 high-end luxury homes. announce d the hiring of Daimon Perez as environmental health and safety manager in itsRockville office.
Perez is a seasoneed construction professional who comes to the officrfrom Skanska’s office in San He brings to Skanskz more than 13 years professional experience. While in Puert Rico, Perez chaired the and assumed a leadership role in the local environmental efforts ofthe company, overseeing the safety and health execution for all Puertpo Rico construction management projects. Perez is a member of the Americajn Society of Safety the Sociedad de Profesionales en Prevencion de Accidentesa dePuerto Rico, the and the local . He also is an authorizec OSHA trainerin construction.
Also in the Rockvillde office, Skanska hired Katie Cheung as marketing Inthis position, Cheung will be responsible for proposal productionj within Skanska’s interiors group, education, federal and other key markets. Cheungb joins the marketing department with an extensive backgroun d in the construction and architectural proposaodevelopment process. She brings to Skanskza significant expertise in developing presentationds and preparing proposals for projectsin government, education and commerciapl markets.
She was previously employed by Matrix Settles and The for Entrepreneurship atthe ’s announced Craigh Dye has joined the center as director of In his new position, Dye will be leadinf the continued growth of the Dingman Center’s Capital Accesse Network, an angel investment group focused on fundint early-stage deals up to $1.5 million. He will lead the network’sa growth and support the Dingman Center’s continued efforts to fuel economic development and job creation throughout stateand region. Nexus Healthy in Oxon Hill namedVernaa S. Meacham as its president and CEO. announced that attorney Stephanie Scruggs has been namexd a firm shareholder inthe firm’s D.C.
She joined the firm as an associatde inApril 2008. Scruggs represents clients in a varietyy of intellectualproperty matters. She is primarily focusex on patent litigation, patent prosecution, and producgt clearance and patentvalidity opinions, but also has extensive experience in trademark prosecution and counseling, paten licensing, and due diligence associated with IP She represents both U.S. and foreign-based clients in a varietyh of industries includingthe chemical, pharmaceutical, medical devices and mechanical Scruggs regularly appears before the U.S. Patent and Trademarl Office Board of Patent Appealsand Interferences. Formedr U.S.
Under Secretary of Commerce for Industryt and Security Mario Mancuso has joinedin D.C. as a partnef in the international corporatewtransactions practice. Mancuso will focus on international policy andregulatory matters. As under secretary of commerce for industry and security from 2007to 2009, Mancusp was the most senior U.S. government officiap with direct responsibility forinternational trade, transaction and investmen t matters that implicated U.S. national securitg and foreign policy Beforejoining Commerce, Mancuso served as the deput assistant secretary of defense for special operationsw and combating terrorism.
As the ’s seniotr civilian official with immediate responsibility for its globaplcounterterrorism portfolio, he oversaw polic y related to sensitive special operations formulated the department’s global counterterrorismm strategy and worked closely with U.S. foreign partnersw and allies. Wiley Rein LLP announces the addition of former Deputy Assistant Treasury SecretaryNova J. Daly as a public policy consultanyt in its growing international trade practice. Daly played a leadintg role in reformingthe .
Prior to his role at Treasury, his servicwe includes terms asthe ’s Director for International Trade; a tradwe policy adviser to the Secretary of Commerce; and an internationakl trade adviser at the U.S. Senate Committee on

Tesla plans Miami sales and service center - South Florida Business Journal:

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Stores in New York, Seattle and Chicago will open in late followedby Miami. The San Carlos, Calif.-basesd electric car company said it is also scoutingf locations in Torontoand Washington, D.C. Tesla’s first European stored is scheduled to open in London laterrthis month, followed by locations in Munic h and Monaco. The new stores join Tesla's locationsw in Los Angeles andMenlo Park, Calif. The company is celebratingt the one-year anniversary of opening its first store witha 60-mile road rally from West L.A. to Malibuj that it said will include severall dozen Tesla owners and their Teslaproduces high-performance electric vehicles with a fully electricd power train.
The company says its which hasa 0-to-60p mph acceleration of 3.9 seconds and a base price of $101,50 after a federal tax credit, is the only highway-capablew production electric vehicle for sale in Northb America or Europe. The companty won a 2009 Globe Award for environmentao sustainability and Tesla expects to begin producingan zero-emission Model S sedan in late 2011. Tesla's Web site says its core beliefd isthat "an electric car need not be a drivingt sacrifice." Tesla on Wednesday said it had delivered its 500th Roadster and has 1,000 reservations for its Model S electri c sedan.

Making sure pharma companies are cooking with TGaS - Philadelphia Business Journal:

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“We want to be the Gerard said. “We want to be the persomn who is always by your side onthe course, who is alwaysz whispering in your ear. We want to be that trustedd adviser.” Metaphor, of Gerard really wants to be, and increasingluy is, a savvy insider giving pharmaceutical companie s the kind of strategic informatiom they need to makesmarr decisions. In just over four years he has builta $4.6 million business doing just In a world awash with consulting firms, bringw something to the tablew besides just sage insight. Gerard stakes his reputation oninside knowledge.
he benchmarks, taking data from multiple industry biggies and assemblinfg a picture of best practicee that he then sells back to pharmaceuticalindustryy leaders. “We take a look at the resourcea and the capabilities that pharmaceuticalcompanies use. We’rde talking about headcount and spending. We are talking about sourcinbg strategies. Do they outsource everything? Do they outsourcs some things, or even offshore?” he Data covers everything from salexto operations. As a business proposition, benchmarking has a majorr downside: critical mass.
Before Gerarrd could start making money, he had to convince a handfup of major pharmaceutical corporations they couls benefit from pooling detailedproprietaryy information. “You can start an advertising agenct withone client. In a benchmarkin g business you have to get atleasf five. It took us nine months to get thoswe firstfive clients,” he said. The dominoes started to fall afted the first two playerssignefd on. Both were colleagues Gerard knew throughh his 15 years as apharmaceutical executive. After those two it was mostly a matterof legwork, often on a grand scale. Want to sell? Don’tf be shy. “Go any place, any to meet anybody.
If somebody woulfd meet me for 15 minutes and it wasa three-hour I would go there. If it was a company in I would tell them I was just in the and then get ona flight,” he Gerard’s personal experience in the industry has been a crucial factor in winninb client confidence. “It is a very complex business and you need to have the chopws and the experience tounderstand that. In the first 10 minutesx they can figure out whether you know what you aretalkingb about,” he said.
TGaS hireas nearly all its employees either directly from pharma or else from vendors associated with the Depth of expertise helps the company target the kind of data that can be of most use to its Take for instance a pharma company with tens of thousanda ofsales employees. “All of the thingw that it takes to support thatsales rep, TGaS Gerard said. “Here is what you are here is how you arespending it, and we will that comparee them to a peer set of show them where they stack Why should companies share with competitorse the details of their inner workings? Why disclosr strategic corporate information?
In the first place it is all blinded and “and if we do see anything that is entirelg unique to your specific company, we will not put it in our databases and repeat it,” Gerard Moreover, it’s a closed game. Only by sharinbg can companies access the information being sharesdby other. It’s a method that works for Greggv Ciarelli, a practice leader at publisher and former executivde at pharmaceuticalfirm . “The industry is under a tremendous amount of pressure to cut and Steve’s insights about how other companies are dealinb with these problems are crucial,” Ciarelli said.
“He gives you the insightt you need when you are sitting down with managers who want to know how you are doingt relative tothe competition.” Gerard has been steadily expanding his product base, coming up with new data new ways of presenting information to help clients make better All these efforts have one thing in common: Limitedx scope. Gerard has no ambitionw be anything more thanthe caddie, the trusted adviser. “Benchmarking is all we do. We don’ty sell follow-on projects. When a clienr is buying advicefrom us, that is all they are whereas some companies will also try to sell you the he said.
“By being implementatiob agnostic, it gives us a certainb credibility.” n

Bankruptcy court judge OKs General Motors sale - Los Angeles Business from bizjournals:

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Judge Robert Gerber of the U.S. Bankruptct Court for the Southern Districtg of New York approved the sale to NGMCO an entity funded bythe , on Sundayu night. Gerber’s order includer a four-day stay befores the sale could close. On the Chicago-based Coleman Law Firm filed notice of appeall on behalf of individuals who have sued GMwith product-liabilituy claims. Several state attorneys general previously had voice d their displeasure that the sale agreement wouldf notextend product-liability requirements to the successor company. As part of the sale NGMCO will change its name to GenerapMotors Co.
and continue to operate unde r GM’s corporate and sub-brands, GM (NYSE: GM) said in a Monday release. The company said the approvalk marks another step toward the launch ofan independent, new GM. The new company will acquire GM’s strongest operations and have a competitive operatintcost structure, GM said in the partly because of recent agreements with the and unions. The Treasuru Department — 60.8 percent — 17.5 percent Canadian and Ontariogovernments 11.7 percent In additiojn to this ownership mix, the old GM and the UAW Retire Medical Benefits Trust will hold warrants exercisable for 15 percent and 2.
5 percent of the interests in the new GM, The new GM will be basecd in Detroit and led by Fritz Hendersohn as president and CEO and . The UAW Retiree Medical Benefits Trust and the Canadian governmenf each may nominate one membetr to serve on thenew GM’s board. The retires benefits trust selected auto industry analysy Stephen Girsky for thenew GM’s Also chosen for the new GM’s board are six currenrt members of the company’sa board: Erroll Davis, Nevillw Isdell, Kent Kresa, Philip Laskawy, Kathryn Marinello and The Canadian government representative and four additiona board members to be identified by the Treasurhy Department will be announced “A healthy domestic auto industr y remains vital to the globak economy and we deeply appreciate the support the U.
S., Canadiann and Ontario governments and taxpayers have given GM, and the sacrificesw that have been made by so many,” Henderson said in the “This has been an especially challenginv period, and we’ve had to make very difficult decisions to address some of the issues that have plagued our businessx for decades. Now it’ws our responsibility to fix this business and place the companyg on a clear path to success without The new GM will have lower leveragre and a strongerbalance sheet, the release Combined with a lower break-even point, this will enablse it to reduce its risk, operatw profitably at much lower sales volume and reinvest in the business in the key areas of advancede technology and product development, the release The new GM will buy subsidiaries outsided the United States, whic are expected to continue to operate without interruption.
The current GM will changd its name to Its retained assetxs will be wound downor sold, and a new boarsd will oversee that process and the company’s liquidatioh under the court’s

UNC Charlotte breaks ground uptown - Charlotte Business Journal:

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It will be the only UNC System classroom buildiny designed specifically to servethe businesses, organizations and residentsa of an urban center. The facility, to be constructedf at Ninth andBrevard streets, is slaterd for completion in 2011. It will feature 143,0090 square feet of classrooms, publicd space and faculty offices. “In its entirety, the Centedr City Building project will be a catalyst for redevelopmen in the historicFirst Ward,” Dubois said. “A four-acrw park and urban village development are planned for areaas adjacent to our stunning new academic building.
Imagine students arriving by light rail and relaxinyg in First Ward Park beforre heading off to class in the Center City The building has been designed by architectural firm in partnershiowith Charlotte-based . The Center City Building will housdethe school’s MBA program and Urban Design Studio. Studentx also will be able to attend graduate-level coursex in the colleges of engineering, health and humanj services, liberal arts and sciences, and the collegs of arts and architecture’s new master’ws program in urban design.
The building, which will includd 25 classrooms, will replacde the school’s 15,000-square-foot branch in the Mint Museum ofCraftt + Design on North Tryohn Street. The building also will featurea 300-seat auditorium that will be available for public events, along with 7,00p0 square feet of space on the firstg two floors for public reception and events. State lawmakers approved $45.89 million in public funds for construction. Otherr costs are covered by a capital allocation from the universityy and support from the UNCCharlotte Foundation.
UNC Charlottse is the fourth-largest campus of the 17 institutions in the UNC Fall enrollmenttotaled 23,300, including nearly 5,00p graduate students. The university expects to have 25,000 students by 2012 and as manyas 35,0090 by 2020.

Energy Dept. awards Ohio $38.4M for energy plan - Dayton Business Journal:

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Matt Rogers, a senior adviser for the , announced Fridahy afternoon that Ohio has been clearedfor $38.4 million in federal stimulusw funding through the department’s Statwe Energy Program. The stimulus legislatiom approved in February setaside $3.1 billion for the 13-year-old program, with Ohio set to eventuallhy receive $96.1 million. The state in Apri received 10 percent ofthat total, with Friday’s announcement bringingt it to the 50 percent mark. The seconr half of the Energy Department’z State Energy Program funds is to be released when statesx meet milestones set by thestimuluws legislation. Mark Shanahan, Gov.
Ted Strickland’s energgy adviser, said in a conference call with reportersd Thursday that the fundswill “helpl lay the foundation for an energy-based econom y that Ohio needs in order to come out of the currenr recession and begin recovery.” The state’s plan for distributingv the funds, as Shanahan outlined Friday: • The largestg chunk, $35 million, will support efforts to developl renewable energy in Ohio.
Those Shanahan said, won’t solely support the development of renewable energy facilities but also will help manufactureras in the state that make component parts forthe • $30 million will be set asids as loans for manufacturers in the renewable energ y industry. The state plans to requiree leveraging the loans withprivate financing. $15 million will be funneledx toward helping businesses line up carbon emissiones with tighteningfederal standards. Along thosw lines, an additional $500,000 is being set asidee to help the state develop what Shanahanm callsits “carbon management strategy.” • $8 million is headed toward residential and commercialk retrofitting.
• The remaining $7.6 millionj covers administrative andother costs. The state is handling applications for the stimulus funds througnh its Web siteat recovery.ohio.gov.

Goodyear to Present at 2012 Deutsche Bank Global Auto Industry Conference - Sacramento Bee

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Goodyear to Present at 2012 Deutsche Bank Global Auto Industry Conference Sacramento Bee 6, 2012 -- /PRNewswire/ -- The Goodyear Tire & Rubber Company (NYSE: GT) today said it will webcast its presentation at the 2012 Deutsche Bank Global Auto Industry Conference in Detroit, Michigan, on January 10. Darren R. Wells, executive vice ... Accuride to Webcast Presentation at Deutsche Bank 2012 Global Auto Industry ... EON: Enhanced Onli ne News (press release) Tenneco to Webcast Presentation at the 2012 Deutsche Bank Auto Industry Conference SunHerald.com Tenneco To Webcast Presentation At The 2012 Deutsche Bank Auto Industry Conference TheStreet.com (press release)  »

Aid groups lobby US not to shut off remittances to Somalia - The Guardian

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Aid groups lobby US not to shut off remittances to Somalia The Guardian Aid groups are lobbying the US treasury to provide assurances to a community bank that it will not be prosecuted for resuming remittance services to Somalia, where 250000 people are still affected by famine. Sunrise Community Banks in the state of ... Money must continue to flow to Somalia Minneapolis Star Tribune  »

57 inmates 'self-inflicted death' - The Press Association

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57 inmates 'self-inflicted death' The Press Association There were 57 apparently self-inflicted deaths among prisoners in England and Wales in 2011, the Ministry of Justice (MoJ) has said. The figure was down one on 2010 but the MoJ said there were 20 unclassified deaths where it had not yet been possible ... and more »