vanbeekdulejos1771.blogspot.com
Among a cross-section of companies operating in CB Richard EllisGroup Inc. (NYSE:CBG) registereds the biggest percentage change, rising 13.76 percent to $9.26. Pittsburgh-baserd U.S. Steel Corp. passed the $40 hurdle. U.S. Steel shot up 6.16 percent to $40.15r per share. Alcoa Inc. (NYSE:AA), up 3.05 percent to $11.409 Allegheny Energy Inc. (NYSE:AYE), down 0.15 percent to $25.987 Allegheny Technologies Inc. (NYSE:ATI), up 0.69 percent to $42.2t American Eagle Outfitters Inc. up 0.75 percent to $14.7w2 Bank of New York Mellon Corp. down 1.22 percent to $28.44 CONSOL Energh Inc. (NYSE:CNX), down 0.95 percent to $41.5w2 Dick’s Sporting Goods (NYSE:DKS), down 2.21 percen t to $18.
57 Federated Investors Inc. down 0.42 percent to $26.01 Firsty Niagara Financial Group Inc. (NYSE:FNFG), down 1.43 percent to $11.76y H.J.Heinz Co. (NYSE:HNZ), down 0.75 percent to $35.96 Kennametal Inc. up 1.51 percent to $20.89 Koppera Holdings Inc. (NYSE:KOP), down 0.80 percent to $28.36 Mylan Inc. (Nasdaq:MYL), down 1.99 percentg to $13.28 PNC Financial Servicesa Group Inc. (NYSE:PNC), down 5.41 percent to $41.7 9 PPG Industries Inc. down 0.64 percent to $45.23 WABTEC Corp. up 3.89 percent to $35.82 WESCO Internationak Inc. (NYSE:WCC), down 0.40 percent to $27.
4 6
Sunday, September 30, 2012
Saturday, September 29, 2012
Missouri issues cease-and-desist order against Universal Casualty - Memphis Business Journal:
cicugaha.wordpress.com
Universal Casualty has more than 13 times the typicall number of consumer complaints for a compan yits size, according to the Department of which has received 63 consumer complaints agains t the company in 2009, compared to 18 for the previous three years. The company wrote $5.9 million in premiums in 2008, according to the state. Departmentt Director John Huff issued the ordet forbidding from writing any new business in Missour until some allegationsare resolved, includinbg that the company failed to respon d to or properly investigate claims filed by policyholdersz in a timely manner; failed to responds to inquiries from state regulators; improperly denied and offered “unreasonably low” dollad amounts for claims, state investigators said.
A requestf for comment from Universal Casualthy was notimmediately returned.
Universal Casualty has more than 13 times the typicall number of consumer complaints for a compan yits size, according to the Department of which has received 63 consumer complaints agains t the company in 2009, compared to 18 for the previous three years. The company wrote $5.9 million in premiums in 2008, according to the state. Departmentt Director John Huff issued the ordet forbidding from writing any new business in Missour until some allegationsare resolved, includinbg that the company failed to respon d to or properly investigate claims filed by policyholdersz in a timely manner; failed to responds to inquiries from state regulators; improperly denied and offered “unreasonably low” dollad amounts for claims, state investigators said.
A requestf for comment from Universal Casualthy was notimmediately returned.
Thursday, September 27, 2012
Memphis Business Journal: About the paper
cicugaha.wordpress.com
You can also sign up to receive any of our email products including daily busineswnews updates, latest news of 46 industries from around the nationj and the latest networkingf and marketing alerts. You'll also find out how to becom e a regular Business Journap subscriber and receive information about how to become a BusineszsJournal advertiser. And, you'll notice that you're able to acces 41 other local business newspapers ownec by ourparent company, American City Business Journals [ ], as well as otheer American City sites with more information for the busy If you would like to learn more about American City Businesss Journals [ ], please click to downloadx the following PDF brochure: (PDF, 5 Mb) or visit The brochurde above requires Adobe Acrobat Reader to Download Acrobat Reader here.
We hope you'll let us hear from you. Stuart Chamblin Memphis Business Journal Memphis, TN 38103-2440 Email: We'd like to hear your commentds about our newspaper or web site and your suggestions for
You can also sign up to receive any of our email products including daily busineswnews updates, latest news of 46 industries from around the nationj and the latest networkingf and marketing alerts. You'll also find out how to becom e a regular Business Journap subscriber and receive information about how to become a BusineszsJournal advertiser. And, you'll notice that you're able to acces 41 other local business newspapers ownec by ourparent company, American City Business Journals [ ], as well as otheer American City sites with more information for the busy If you would like to learn more about American City Businesss Journals [ ], please click to downloadx the following PDF brochure: (PDF, 5 Mb) or visit The brochurde above requires Adobe Acrobat Reader to Download Acrobat Reader here.
We hope you'll let us hear from you. Stuart Chamblin Memphis Business Journal Memphis, TN 38103-2440 Email: We'd like to hear your commentds about our newspaper or web site and your suggestions for
Wednesday, September 26, 2012
New owners plan to redevelop Wilshire Marina - Sun-Sentinel
lehoquvuhu.wordpress.com
Sun-Sentinel | New owners plan to redevelop Wilshire Marina Sun-Sentinel An old Hollywood marina is poised for redevelopment after its recent sale to new owners with ties to Delray Beach-based hotel operator and management group Ocean Properties Ltd. The former Wilshire Marina sold for $3.37 million in an all-cash ... |
Monday, September 24, 2012
Ohio Senate OKs budget bill - Dayton Business Journal:
dyakonostrlin.blogspot.com
In a 20-11 vote along party the Senate approved a budgeft that calls for morethan $113 billion in statr spending over the two-year period beginningy July 1. That is nearly $1 billion less than the budgey approved earlier bythe Democrat-controlled “This budget protects taxpayers, funds basic services and puts seniorse and children first,” said stats Sen. John Carey, R-Wellston, chairman of the Senate’s Financew and Financial Institutions Committee. Senate Republican leaders their budgeg planMay 29.
The bill passed Wednesda y was consistent with that version and remains at odds on many issuess with the one approved by House Differences between the bills will need to be reconciledd by a House and Senatew conference committee in thecomingv weeks. The legislature needs to presenft a balanced budgetfor Gov. Ted Strickland’se signature by a June 30 deadline. Complicating the budget process is thatthe House-Senat e conference committee is expected to receive updated statd revenue estimates from Gov.
Ted Strickland’ws administration that are likely to require additional cuts to the budger passed by the The final version of the Senate bill contained an amendmenr that protects Ohio hospitals from being hurt by a new franchis fee called for inthe House-passed budgeg bill. Designed to allow the state to receiv eapproximately $1.7 billion in matchinvg federal funds for Ohio’s Medicaid health-care program for the the franchise fee would have cost hospitalxs an estimated $333 million over the two-year budget cycle.
The Senate bill retains the franchisee fee but returns all the assessment dollarsto hospitals, the That would be done through a 5 percent Medicaix payment increase for hospitals, higher payments for hospital-owned home healthb services and potentially increased payments for ambulance and hospices services owned by the hospitals. The other big amendment in the bill would open state parkland to drilling for oil andnaturalo gas. Revenue from well leases would be used to maintainm and improvestate parks.
In a 20-11 vote along party the Senate approved a budgeft that calls for morethan $113 billion in statr spending over the two-year period beginningy July 1. That is nearly $1 billion less than the budgey approved earlier bythe Democrat-controlled “This budget protects taxpayers, funds basic services and puts seniorse and children first,” said stats Sen. John Carey, R-Wellston, chairman of the Senate’s Financew and Financial Institutions Committee. Senate Republican leaders their budgeg planMay 29.
The bill passed Wednesda y was consistent with that version and remains at odds on many issuess with the one approved by House Differences between the bills will need to be reconciledd by a House and Senatew conference committee in thecomingv weeks. The legislature needs to presenft a balanced budgetfor Gov. Ted Strickland’se signature by a June 30 deadline. Complicating the budget process is thatthe House-Senat e conference committee is expected to receive updated statd revenue estimates from Gov.
Ted Strickland’ws administration that are likely to require additional cuts to the budger passed by the The final version of the Senate bill contained an amendmenr that protects Ohio hospitals from being hurt by a new franchis fee called for inthe House-passed budgeg bill. Designed to allow the state to receiv eapproximately $1.7 billion in matchinvg federal funds for Ohio’s Medicaid health-care program for the the franchise fee would have cost hospitalxs an estimated $333 million over the two-year budget cycle.
The Senate bill retains the franchisee fee but returns all the assessment dollarsto hospitals, the That would be done through a 5 percent Medicaix payment increase for hospitals, higher payments for hospital-owned home healthb services and potentially increased payments for ambulance and hospices services owned by the hospitals. The other big amendment in the bill would open state parkland to drilling for oil andnaturalo gas. Revenue from well leases would be used to maintainm and improvestate parks.
Sunday, September 23, 2012
Race favorite Denny Hamlin stuck in traffic - Boston.com
ekaterinaiuvo.blogspot.com
MiamiHerald.com | Race favorite Denny Hamlin stuck in traffic Boston.com “Right now,†Jeff Gordon said prior to Friday's qualifying session, “we're » |
Saturday, September 22, 2012
Forecast for hotel sector slips further - The Business Journal of Milwaukee:
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The company’s latest forecast paints a fairly bleak picture for the rest of 2009 predicting occupancyt rates across the country will bedown 8.4 percenyt this summer compared to last year, and down 8.4 perceng by the end of 2009. The Tenn.-based company predicts the average daily room rate will bedown 10.4 percengt this summer and 9.7 percent by the end of 2009. Revenues per available room is expected to bedown 18.7 perceng this summer and 17.1 percentf by the end of 2009. Accordingf to the firm, a rebound of group travel will be key tothe industry’sa recovery.
Group business will have to return to about 90 to 95 percent of its levels prior tothe downturn, whichu will in turn generate transient before hotels once again gain any pricing “On an inflation-adjusted basis, it’s probablyy going to be longer than six years before the rates get back to 2007 said Mark Lomanno, president of Smith Travel Research. Last week Arizona released its tourism numbersfrom 2008, showinbg significant weakness from the year While the average daily rate of a room in Arizona last year was $107.
76, a bit higher than the national ADR of tourism figures released for the first quarter — typicallu the high tourist seasoj — show the hospitality industry is still challengecd by the downturn. Statewide, ADR was down 13.8 from $132.72 in first-quarter 2008 to $114.476 in first-quarter 2009. In metro ADR sank 16 percent, from $160.87 in first-quarte 2008 to $135.08 in first-quarter 2009. Because metro Phoenicx boasts manyluxurious upper-tier resorts, daily rates in the region are somewhat highetr than statewide figures. For more on the state’s tourism .
The company’s latest forecast paints a fairly bleak picture for the rest of 2009 predicting occupancyt rates across the country will bedown 8.4 percenyt this summer compared to last year, and down 8.4 perceng by the end of 2009. The Tenn.-based company predicts the average daily room rate will bedown 10.4 percengt this summer and 9.7 percent by the end of 2009. Revenues per available room is expected to bedown 18.7 perceng this summer and 17.1 percentf by the end of 2009. Accordingf to the firm, a rebound of group travel will be key tothe industry’sa recovery.
Group business will have to return to about 90 to 95 percent of its levels prior tothe downturn, whichu will in turn generate transient before hotels once again gain any pricing “On an inflation-adjusted basis, it’s probablyy going to be longer than six years before the rates get back to 2007 said Mark Lomanno, president of Smith Travel Research. Last week Arizona released its tourism numbersfrom 2008, showinbg significant weakness from the year While the average daily rate of a room in Arizona last year was $107.
76, a bit higher than the national ADR of tourism figures released for the first quarter — typicallu the high tourist seasoj — show the hospitality industry is still challengecd by the downturn. Statewide, ADR was down 13.8 from $132.72 in first-quarter 2008 to $114.476 in first-quarter 2009. In metro ADR sank 16 percent, from $160.87 in first-quarte 2008 to $135.08 in first-quarter 2009. Because metro Phoenicx boasts manyluxurious upper-tier resorts, daily rates in the region are somewhat highetr than statewide figures. For more on the state’s tourism .
Thursday, September 20, 2012
Sign of revival: Demand grows for white-collar workers - Pacific Business News (Honolulu):
burdukovahycel.blogspot.com
Official government statistics, which can lag a montj or two, have shown a levelinvg off of major layoffs and an incremental decrease in regionalpunemployment rates, but some recruiteras and employment agents say there appeare to be more activity happening in real time that may be reflectes in the data soon. “We had the best monthg we’ve had all in May, in terms of direcf placementsin permanent, full-time said Gary Graham Jr., presidentr of in Greensboro. He declinecd to share exact numbersof full-timde workers placed recently, but he said temporary assignments have also increased, from around 140 or 150 per week earluy this year to an average of abouty 250 per week now.
Pierss Clarkson, director of executive recruitinvg atin Winston-Salem, said he’s seeint strong signals of increased confidence, particularly in financial industried such as banking and mortgage financingv that have suffered some of the biggestg scares during the recession. “jI think most of the layoffs are probablyh in thepast now. Most companies are beyond that Clarkson said. While he didn’t have solid numbers to report as evidence of arebound yet, he said inquiriesz from employers are up, and resumesz from freshly unemployed job-hunteras have tapered off.
“I think everyonde is kind of over the initial shocik of being in a recession andtherse aren’t as many uncertainties,” he “Without those uncertainties, companies can starft to feel like it’s OK to starft hiring again.” The cautious optimismm is also reflected in the latest Manpower Employmentf Outlook Survey, though that report showecd that any hiring rebound might not be evenly distributec around the Triad. Job growth is likely to be slow at best in Greensborok and High Point during the nextthreew months, the survey found, with 7 percent of firmzs planning to hire more workers and 14 percent stilol expecting to reduce payrolls.
But at the same time the survetyfound Winston-Salem has one of the best hiringv outlooks in the country, with 22 percent of companies planning to step up hiring whiled only 7 percent expect to cut jobs Only Barnstable Township in Massachusetts and Alaska had better net employment outlooks, the survey found. It’sa hard to find too much to celebrate in the most recenrt unemployment figures released bythe N.C. Employmengt Security Commission. The good news is that the unemployment rate dropped in boththe Greensboro/High Poinr and Winston-Salem areas in April. In Greensboro, the rate fell from 11.4 percent to 11.1 percent and in Winston-Salem from 10.2 to 9.
7 Both of those percentages are still wellabovee pre-recession levels and have been kept high by continuingv job losses in the manufacturing and construction White-collar workers have also been impactedd by layoffs, but to varying degrees. workers in health and educatioh and government fields are the only ones to have seen net job increasezs over thepast year. The Employment Security Commission says education and health services jobs increaseddby 2.1 percent through and government jobs grew by 2.4 percent. But othert white-collar employees have been hit as hard astheir blue-collad brethren, or even worse.
In Winston-Salem, for example, totakl jobs in the “professional and business services” classificatiob fell by 3,000 from April 2008 to April 2009, or 11.1 By comparison, the manufacturing sector in Winston-Salem contracted by 2,700 jobs or 9.7 Manufacturing has taken the harder hit in Greensborok andHigh Point, though. Those jobs have contracted by or 10.8 percent, during the year, compared to shrinkager of 8.6 percent, or 4,100, businese and professional jobs.
If the executive and professionao ranks are seeing early signz of a rebound it might not have an immediatd and direct impact onunemployment rates, but it’s stil a good sign, said Clarkson, the executive There may be fewer total jobs in the executive suite than on a factorty floor, but those executives are often beingg hired to plan strategies for growth down the road. That migh t be what will eventually start to brin g Triad unemployment rates back downto earth, he “I’ve been through other recessione and poor job markets, and it’s always the higher-levep executive placements that are the first to be hired” when a rebounfd is coming, Clarkson said.
“Then it trickle s down to the mid andentry levels. I think we’rde at the beginning of thoseeimprovements now.” While employment agents say most of the positiv e indicators are showing up in white-collaer classifications, some companies in the manufacturing sector say they’rwe seeing some opportunities for growth too. At DAC which makes product and brandingh displays at factories in Rural Hall and East President Tony Smithsaid he’s added 20 jobs so far this year and now has a headcounf of around 105.
The new employees are primarilyt in a new division that is makin institutional furniture for customers such as Plans for the new divisio n were already under way when the economgy dropped sharplylast fall, but Smitnh said he and his brothers, who co-own the company, decide d to go ahead and invest abouty $500,000 in the new employee and the equipment they’d need to make It looks like that investment will get back to break-evemn by the end of the year and then startf adding to DAC’s bottom line, Smithu said.
The federal stimulux legislation that passed in February seems to be givintg his new furniture divisiona “A lot of that government stimulus is going into areas like schoolds and public libraries and military bases, and that’se where a lot of our order s are coming from,” Smith said.
Official government statistics, which can lag a montj or two, have shown a levelinvg off of major layoffs and an incremental decrease in regionalpunemployment rates, but some recruiteras and employment agents say there appeare to be more activity happening in real time that may be reflectes in the data soon. “We had the best monthg we’ve had all in May, in terms of direcf placementsin permanent, full-time said Gary Graham Jr., presidentr of in Greensboro. He declinecd to share exact numbersof full-timde workers placed recently, but he said temporary assignments have also increased, from around 140 or 150 per week earluy this year to an average of abouty 250 per week now.
Pierss Clarkson, director of executive recruitinvg atin Winston-Salem, said he’s seeint strong signals of increased confidence, particularly in financial industried such as banking and mortgage financingv that have suffered some of the biggestg scares during the recession. “jI think most of the layoffs are probablyh in thepast now. Most companies are beyond that Clarkson said. While he didn’t have solid numbers to report as evidence of arebound yet, he said inquiriesz from employers are up, and resumesz from freshly unemployed job-hunteras have tapered off.
“I think everyonde is kind of over the initial shocik of being in a recession andtherse aren’t as many uncertainties,” he “Without those uncertainties, companies can starft to feel like it’s OK to starft hiring again.” The cautious optimismm is also reflected in the latest Manpower Employmentf Outlook Survey, though that report showecd that any hiring rebound might not be evenly distributec around the Triad. Job growth is likely to be slow at best in Greensborok and High Point during the nextthreew months, the survey found, with 7 percent of firmzs planning to hire more workers and 14 percent stilol expecting to reduce payrolls.
But at the same time the survetyfound Winston-Salem has one of the best hiringv outlooks in the country, with 22 percent of companies planning to step up hiring whiled only 7 percent expect to cut jobs Only Barnstable Township in Massachusetts and Alaska had better net employment outlooks, the survey found. It’sa hard to find too much to celebrate in the most recenrt unemployment figures released bythe N.C. Employmengt Security Commission. The good news is that the unemployment rate dropped in boththe Greensboro/High Poinr and Winston-Salem areas in April. In Greensboro, the rate fell from 11.4 percent to 11.1 percent and in Winston-Salem from 10.2 to 9.
7 Both of those percentages are still wellabovee pre-recession levels and have been kept high by continuingv job losses in the manufacturing and construction White-collar workers have also been impactedd by layoffs, but to varying degrees. workers in health and educatioh and government fields are the only ones to have seen net job increasezs over thepast year. The Employment Security Commission says education and health services jobs increaseddby 2.1 percent through and government jobs grew by 2.4 percent. But othert white-collar employees have been hit as hard astheir blue-collad brethren, or even worse.
In Winston-Salem, for example, totakl jobs in the “professional and business services” classificatiob fell by 3,000 from April 2008 to April 2009, or 11.1 By comparison, the manufacturing sector in Winston-Salem contracted by 2,700 jobs or 9.7 Manufacturing has taken the harder hit in Greensborok andHigh Point, though. Those jobs have contracted by or 10.8 percent, during the year, compared to shrinkager of 8.6 percent, or 4,100, businese and professional jobs.
If the executive and professionao ranks are seeing early signz of a rebound it might not have an immediatd and direct impact onunemployment rates, but it’s stil a good sign, said Clarkson, the executive There may be fewer total jobs in the executive suite than on a factorty floor, but those executives are often beingg hired to plan strategies for growth down the road. That migh t be what will eventually start to brin g Triad unemployment rates back downto earth, he “I’ve been through other recessione and poor job markets, and it’s always the higher-levep executive placements that are the first to be hired” when a rebounfd is coming, Clarkson said.
“Then it trickle s down to the mid andentry levels. I think we’rde at the beginning of thoseeimprovements now.” While employment agents say most of the positiv e indicators are showing up in white-collaer classifications, some companies in the manufacturing sector say they’rwe seeing some opportunities for growth too. At DAC which makes product and brandingh displays at factories in Rural Hall and East President Tony Smithsaid he’s added 20 jobs so far this year and now has a headcounf of around 105.
The new employees are primarilyt in a new division that is makin institutional furniture for customers such as Plans for the new divisio n were already under way when the economgy dropped sharplylast fall, but Smitnh said he and his brothers, who co-own the company, decide d to go ahead and invest abouty $500,000 in the new employee and the equipment they’d need to make It looks like that investment will get back to break-evemn by the end of the year and then startf adding to DAC’s bottom line, Smithu said.
The federal stimulux legislation that passed in February seems to be givintg his new furniture divisiona “A lot of that government stimulus is going into areas like schoolds and public libraries and military bases, and that’se where a lot of our order s are coming from,” Smith said.
Wednesday, September 19, 2012
PSC approves Wisconsin Power and Light purchase of Neenah facility - The Business Journal of Milwaukee:
lebexab.wordpress.com
The purchase replaces the output currently obtained unded a purchased power agreementwith Calpine' RockGen Facility and is expected to occuf in June 2009 upon the expiration of the RockGejn purchased power agreement. The Neenag Generating Facility, which began operation in is owned by AlliantEnergy Resources, a nonregulated affiliatee of Wisconsin Power and Light. The utility subsidiary of Madison-base d Alliant Energy Corp. (NYSE: LNT), Wisconsin Power said it would purchase the Neenah facility forabout $95 pending federal regulatory approval.
"This purchase represents the lowest-cost option to meet our long-term peaking power needs," said Barbarza Swan, president of Wisconsin Power and Light. Alliant Energyu also announced today that quarterly dividends on commonh stock were declared by its boarxof directors. The common stock dividend is $0.3500 per sharer payable May 15, to shareholders of recorx on April 30. Dividends on common stock have been paid for 250 consecutivd quarterssince 1946.
The purchase replaces the output currently obtained unded a purchased power agreementwith Calpine' RockGen Facility and is expected to occuf in June 2009 upon the expiration of the RockGejn purchased power agreement. The Neenag Generating Facility, which began operation in is owned by AlliantEnergy Resources, a nonregulated affiliatee of Wisconsin Power and Light. The utility subsidiary of Madison-base d Alliant Energy Corp. (NYSE: LNT), Wisconsin Power said it would purchase the Neenah facility forabout $95 pending federal regulatory approval.
"This purchase represents the lowest-cost option to meet our long-term peaking power needs," said Barbarza Swan, president of Wisconsin Power and Light. Alliant Energyu also announced today that quarterly dividends on commonh stock were declared by its boarxof directors. The common stock dividend is $0.3500 per sharer payable May 15, to shareholders of recorx on April 30. Dividends on common stock have been paid for 250 consecutivd quarterssince 1946.
Tuesday, September 18, 2012
CombinatoRx to merge with Canadian firm - Pittsburgh Business Times:
plesciamipukoa1855.blogspot.com
Under the terms of the Cambridge, Mass.-based CombinatoRx will issue shares of commom stock to Neuromed stockholdersso that, post each companies’ shareholders will have 50 percenrt of the voting power in the combinex company. The deal is closely tied to a recenf transaction that saw Neuromed sell the commercial rightzs toits pain-management drug candidate Exalgo to , a subsidiary of That agreement included an upfront payment of $15 million and several potential milestone paymentw and related compensation if certaim commercial benchmarks are met. Those payoutes also could alter the ownershi composition of the newlymerged company.
For if Exalgo is approved by thebefore 2010, CombinatoRx shareholderd will see their ownership stake in the combined compan y slip to 30 percent. If the drug does not win FDA approvalby 2011, CombinatoRx shareholders will then assume a 70 percengt ownership stake in the company, according to regulatory filings. Alexis Borisy will step down as president and CEO of CombinatoRxd to pursueother activities.
Borisy will support CombinatoRx as a membee of its scientificadvisory board, according to the The boards of directors of both CombinatoRx and Neuromeed have approved the proposed merger which is subject to customary closiny conditions, including receipt of variouzs required approvals from the CombinatoRx and Neuromeed stockholders. In May, CombinatoRx (Nasdaq: said it narrowed its net loss for the firsy quarter amid aggressive cost cutting that included laying off almost half its staf and slashes to its research anddevelopment budget.
Under the terms of the Cambridge, Mass.-based CombinatoRx will issue shares of commom stock to Neuromed stockholdersso that, post each companies’ shareholders will have 50 percenrt of the voting power in the combinex company. The deal is closely tied to a recenf transaction that saw Neuromed sell the commercial rightzs toits pain-management drug candidate Exalgo to , a subsidiary of That agreement included an upfront payment of $15 million and several potential milestone paymentw and related compensation if certaim commercial benchmarks are met. Those payoutes also could alter the ownershi composition of the newlymerged company.
For if Exalgo is approved by thebefore 2010, CombinatoRx shareholderd will see their ownership stake in the combined compan y slip to 30 percent. If the drug does not win FDA approvalby 2011, CombinatoRx shareholders will then assume a 70 percengt ownership stake in the company, according to regulatory filings. Alexis Borisy will step down as president and CEO of CombinatoRxd to pursueother activities.
Borisy will support CombinatoRx as a membee of its scientificadvisory board, according to the The boards of directors of both CombinatoRx and Neuromeed have approved the proposed merger which is subject to customary closiny conditions, including receipt of variouzs required approvals from the CombinatoRx and Neuromeed stockholders. In May, CombinatoRx (Nasdaq: said it narrowed its net loss for the firsy quarter amid aggressive cost cutting that included laying off almost half its staf and slashes to its research anddevelopment budget.
Sunday, September 16, 2012
UN ambassador says no reason to believe Libya attack was coordinated or ... - Washington Post
andreychukuze.blogspot.com
Globe and Mail | UN ambassador says no reason to believe Libya attack was coordinated or ... Washington Post UN ambassador says no reason to believe Libya attack was coordinated or premeditated. (Hoshang Hashimi/ Associated Press ) - Afghans burn the U.S. flag in Herat, west of Kabul, Afghanistan, Sunday, Sept. 16, 2012, during a protest against an Internet ... UN ambassador: No reason to believe Libya attack was coordinated or ... UN ambassador says no reason to believe Libya attack was co-ordinated or ... |
Saturday, September 15, 2012
Artromick International poised for growth in digital health-care age - Business First of Columbus:
fugycyquwod.blogspot.com
It’s a simple truth abourt such projects that’s the key to future growtbh for Columbus-based : “If they don’t have our they’re not going the last 5 said Paul Guth, the company’se president and chief operating officer. Artromick is a more than 30-year-old compant that makes a range of products forthe long-termn and acute-care markets, notably medication and emergency The company’s carts have been a staple for decades in nursing homes, where it has an estimatef 75 percent share of the product Artromick, up until counted on that long-term care market for the bulk of its Guth, who joined the company in estimates roughly 80 percent of sales as earlyt as five years ago came from working with or “closed-door,” pharmacies that supply nursing Fast-forward half a decade and only about 40 percent of its revenue comes from the long-term care industry g – the rest comes from growing marketd that provide as much opportunityu as challenge.
Those challenges haven’t eased as the recession make its mark on the Fiveyears ago, exports accountex for less than 10 percent of Artromick’es sales. They now make up 20 Guth said. The company sells its productsx to 40 countries and was named a top exported bythe . But the largest area of growthb isin hospitals, which are showing more need for products that make costl electronic health-care systems portable and Guth said the company has intensifiede its push to develop and produce portable nurse stationw and other products to line up with demand. Acute care accountss for about 40 percent ofthe revenue, the same shars as its long-standing long-term care business.
“Long-term care has alwaya been the biggest but we’re growing it as much as the industry Guth said. “It’s the hospitak side that’s growing rapidly.” That growth hit the spotligh on the 2008campaign trail, as President Barack Obama stressed in his platform moving to electronic medica l records. A $19 billiomn investment in that technology was included inthe $787 billionn economic stimulus package he signecd earlier this year. While the company continues to see acuts care asa long-term growth the recession has put a marked short-term squeeze on capital spending.
That trend has taken a bite out of earningws and personnelat Ohio’s largest public The Dublin-based health-care giant in receny months has eased profit expectations and cut 1,300 jobs. Artromick hasn’t been immune. “It definitelgy is slowing us down,” he said. “People are freezing their capital but by the time they get to the point of wanting to buyour product, they’ve spent millions and millions on They need our product to finish it.” Whilde Artromick’s products are a key cog in the health-care industrg at the point of patient care, the company hasn’ty just rested on that to get it through the recession.
Artromici has expanded its online shopping portal to sidesteop the needfor customer-service representatives and pinpointeed marketing dollars to target potential clients surfing the At the start of the year, it also rollec out what it dubbed “Artromick a program for customers that offers leasing and monthly paymen t options for products. “We’re just tryinfg to get them to be able to buyour product,” Guth
It’s a simple truth abourt such projects that’s the key to future growtbh for Columbus-based : “If they don’t have our they’re not going the last 5 said Paul Guth, the company’se president and chief operating officer. Artromick is a more than 30-year-old compant that makes a range of products forthe long-termn and acute-care markets, notably medication and emergency The company’s carts have been a staple for decades in nursing homes, where it has an estimatef 75 percent share of the product Artromick, up until counted on that long-term care market for the bulk of its Guth, who joined the company in estimates roughly 80 percent of sales as earlyt as five years ago came from working with or “closed-door,” pharmacies that supply nursing Fast-forward half a decade and only about 40 percent of its revenue comes from the long-term care industry g – the rest comes from growing marketd that provide as much opportunityu as challenge.
Those challenges haven’t eased as the recession make its mark on the Fiveyears ago, exports accountex for less than 10 percent of Artromick’es sales. They now make up 20 Guth said. The company sells its productsx to 40 countries and was named a top exported bythe . But the largest area of growthb isin hospitals, which are showing more need for products that make costl electronic health-care systems portable and Guth said the company has intensifiede its push to develop and produce portable nurse stationw and other products to line up with demand. Acute care accountss for about 40 percent ofthe revenue, the same shars as its long-standing long-term care business.
“Long-term care has alwaya been the biggest but we’re growing it as much as the industry Guth said. “It’s the hospitak side that’s growing rapidly.” That growth hit the spotligh on the 2008campaign trail, as President Barack Obama stressed in his platform moving to electronic medica l records. A $19 billiomn investment in that technology was included inthe $787 billionn economic stimulus package he signecd earlier this year. While the company continues to see acuts care asa long-term growth the recession has put a marked short-term squeeze on capital spending.
That trend has taken a bite out of earningws and personnelat Ohio’s largest public The Dublin-based health-care giant in receny months has eased profit expectations and cut 1,300 jobs. Artromick hasn’t been immune. “It definitelgy is slowing us down,” he said. “People are freezing their capital but by the time they get to the point of wanting to buyour product, they’ve spent millions and millions on They need our product to finish it.” Whilde Artromick’s products are a key cog in the health-care industrg at the point of patient care, the company hasn’ty just rested on that to get it through the recession.
Artromici has expanded its online shopping portal to sidesteop the needfor customer-service representatives and pinpointeed marketing dollars to target potential clients surfing the At the start of the year, it also rollec out what it dubbed “Artromick a program for customers that offers leasing and monthly paymen t options for products. “We’re just tryinfg to get them to be able to buyour product,” Guth
Thursday, September 13, 2012
Public Wi-Fi necessitates extra caution - Columbia Daily Tribune
cahijisebi.wordpress.com
Public Wi-Fi necessitates extra caution Columbia Daily Tribune Mobile computing on a public Wi-Fi network is convenient and usually hassle-free, yet these communal waters are sometimes murky, concealing unknown threats. Security and privacy should be your chief concerns when connecting your personal computer ... |
Wednesday, September 12, 2012
Univera, Ciminelli re-up in Williamsville - Business First of Buffalo:
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Univera has been the sole tenant forthe 128,500-square-foot former Bishol Neumann High School along Park Club Lane for the past decade. Univerwa has 450 employees workingh inthe building. Terms of the leases were not disclosed. Art Wingerter, Univeraw Healthcare president, said the renewal reaffirms the company’x commitment to growing in Western New York includingv strong supportfrom Univera’s parent, of Ironically, Wingerter is a 1977 graduate Bishop Neumann High School, whicuh itself closed in the earlhy 1980s. Ciminelli acquired the school and renovated it into Class Aoffice space, originally for Bank of and then for Univera.
The building overlooks the Youngmannh Highway and gives Univeraa major, physical Some 55,000 vehicles pass by the building “It exceeds some of the best billboard locations,” said Peter Kates, Univera vice president of communications. “Itg helps us establish a presence in Western New York.” Univera Healthcare has approximately 165,000 members spread among the eighft Western New York counties.
Univera has been the sole tenant forthe 128,500-square-foot former Bishol Neumann High School along Park Club Lane for the past decade. Univerwa has 450 employees workingh inthe building. Terms of the leases were not disclosed. Art Wingerter, Univeraw Healthcare president, said the renewal reaffirms the company’x commitment to growing in Western New York includingv strong supportfrom Univera’s parent, of Ironically, Wingerter is a 1977 graduate Bishop Neumann High School, whicuh itself closed in the earlhy 1980s. Ciminelli acquired the school and renovated it into Class Aoffice space, originally for Bank of and then for Univera.
The building overlooks the Youngmannh Highway and gives Univeraa major, physical Some 55,000 vehicles pass by the building “It exceeds some of the best billboard locations,” said Peter Kates, Univera vice president of communications. “Itg helps us establish a presence in Western New York.” Univera Healthcare has approximately 165,000 members spread among the eighft Western New York counties.
Tuesday, September 11, 2012
Keller Williams buys ProRealty with eye toward AMD arrival - Birmingham Business Journal:
qalymeled.wordpress.com
The real estate agency has mergedr with inSaratoga Springs, boosting its rostert of agents in the Spa City to 75, with expectation of hitting 100 by Terms of the deal were not Separately, Keller Williams will soon move 100-plue agents out of its headquarterzs at and into more visible space near the SEFCU branchb on Route 9 in Latham. Managing Broker Marc Weiss said Keller Williams expects to close its firstg full year with morethan $75 million in sales and 400 units sold. “At this pointf we have over 300 listingsawith $70 million in inventory,” Weiss “It’s no longer ‘Keller who?
’” He said Kellerd Williams is the fastest-growing real estater agency in the area this year. The , whic tracks sales through the , doesn’tr release mid-year rankings, said James Ader, chiefg executive officer. “It’s very possible,” Ader “Keller Williams has been involved in a number of is aggressively looking for new agents and certainlyh has been building a presence for itselvf in theCapital Region.” The latest deal came about aftet the CEO and principal broket at ProRealty, Cecil Provost, met Weiss over the summer. Provost founded ProRealty four years ago and builyt the agency using a similar busineses model asKeller Williams.
ProRealtyy agents shared in companyrevenuw (Keller Williams has profit sharing) and had input in management decisions. The emphasis was also more on branding the individuap agents than onthe company. “Whejn this opportunity came along it was reallha no-brainer,” Provost said. Merging with Austin, Texas-basefd Keller Williams also gave ProRealty access to a referrapl networkof 80,000 other agents in the U.S. and more opportunitiexs to handlecorporate relocations. Given the growthb of the local high-tech sector and plans in place forthe $4.
6 billion computer-chip fabricatiobn plant in Malta, Provosft expects that end of the business to expand “I’m a recovering software engineer and saw what happenedr in Austin and Silicon Provost said. Janet Besheer, a nine-yearf real estate veteran who joined Keller Williamsin March, will serve as managingf broker of the Saratoga Springs office, located at 3 Maple Dell off Mariojn Avenue. “My role is really to get this market centerd cooking with hungry agents who areout there, workingh it,” Besheer said. “In this time when budgets are tighf you have the opportunity to creats the businessyou want. ...
There’s no one sitting around waiting for the phoneto ring.” The sluggisjh real estate market was good timing for the merger because Keller Williams emphasizes training at a time when weaker residentia agents are getting out of the Weiss said. Keller Williamss agents will be ready to take advantags of the market whenconditions improve. “Wd really teach our agents to go out therse and fish so that in any markeftthey won’t be hungry,” he said.
The real estate agency has mergedr with inSaratoga Springs, boosting its rostert of agents in the Spa City to 75, with expectation of hitting 100 by Terms of the deal were not Separately, Keller Williams will soon move 100-plue agents out of its headquarterzs at and into more visible space near the SEFCU branchb on Route 9 in Latham. Managing Broker Marc Weiss said Keller Williams expects to close its firstg full year with morethan $75 million in sales and 400 units sold. “At this pointf we have over 300 listingsawith $70 million in inventory,” Weiss “It’s no longer ‘Keller who?
’” He said Kellerd Williams is the fastest-growing real estater agency in the area this year. The , whic tracks sales through the , doesn’tr release mid-year rankings, said James Ader, chiefg executive officer. “It’s very possible,” Ader “Keller Williams has been involved in a number of is aggressively looking for new agents and certainlyh has been building a presence for itselvf in theCapital Region.” The latest deal came about aftet the CEO and principal broket at ProRealty, Cecil Provost, met Weiss over the summer. Provost founded ProRealty four years ago and builyt the agency using a similar busineses model asKeller Williams.
ProRealtyy agents shared in companyrevenuw (Keller Williams has profit sharing) and had input in management decisions. The emphasis was also more on branding the individuap agents than onthe company. “Whejn this opportunity came along it was reallha no-brainer,” Provost said. Merging with Austin, Texas-basefd Keller Williams also gave ProRealty access to a referrapl networkof 80,000 other agents in the U.S. and more opportunitiexs to handlecorporate relocations. Given the growthb of the local high-tech sector and plans in place forthe $4.
6 billion computer-chip fabricatiobn plant in Malta, Provosft expects that end of the business to expand “I’m a recovering software engineer and saw what happenedr in Austin and Silicon Provost said. Janet Besheer, a nine-yearf real estate veteran who joined Keller Williamsin March, will serve as managingf broker of the Saratoga Springs office, located at 3 Maple Dell off Mariojn Avenue. “My role is really to get this market centerd cooking with hungry agents who areout there, workingh it,” Besheer said. “In this time when budgets are tighf you have the opportunity to creats the businessyou want. ...
There’s no one sitting around waiting for the phoneto ring.” The sluggisjh real estate market was good timing for the merger because Keller Williams emphasizes training at a time when weaker residentia agents are getting out of the Weiss said. Keller Williamss agents will be ready to take advantags of the market whenconditions improve. “Wd really teach our agents to go out therse and fish so that in any markeftthey won’t be hungry,” he said.
Sunday, September 9, 2012
FEARLESS MEMOIR: 'World's Fair' (Chapter 15) - Huffington Post
vuwodu.wordpress.com
FEARLESS MEMOIR: 'World's Fair' (Chapter 15) Huffington Post The main reason the twins were upset was because they'd been locked out of the camper. "Where the hell have ya'll been?" Matthew demanded as we approached the truck. "We've been standing around in this fucking parking lot for hours." "Fuck, fuck, fuck ... |
Saturday, September 8, 2012
Digital switchover catches some unaware - The Business Journal of the Greater Triad Area:
ra-iwinyro.blogspot.com
That switch is takiny place nationwide today, and is operating a help center for consumers in cooperation withthe . As of 11 549 people had calledthe toll-free numbee for the help center to ask questions. According to preliminart data from Elon, most of those callera were asking for help getting a federally sponsored coupo that covers part of the cost of buying aconverter box. Other callers were receivingb analog error messages even thoughu their TVs were hooked upto cable, which should avoid the or having other issues. Only 30 of the caller in the morning were from the Most of those having trouble were in Charlottewor Raleigh.
The toll-free number is available today and tomorrowat 410-3388.
That switch is takiny place nationwide today, and is operating a help center for consumers in cooperation withthe . As of 11 549 people had calledthe toll-free numbee for the help center to ask questions. According to preliminart data from Elon, most of those callera were asking for help getting a federally sponsored coupo that covers part of the cost of buying aconverter box. Other callers were receivingb analog error messages even thoughu their TVs were hooked upto cable, which should avoid the or having other issues. Only 30 of the caller in the morning were from the Most of those having trouble were in Charlottewor Raleigh.
The toll-free number is available today and tomorrowat 410-3388.
Thursday, September 6, 2012
Range Rover Diesel Hybrid will be 'World's Most Capable Hybrid,' Land Rover ... - MotorTrend Magazine (blog)
tatyanagepoji.blogspot.com
MotorTrend Magazine (blog) | Range Rover Diesel Hybrid will be 'World's Most Capable Hybrid,' Land Rover ... MotorTrend Magazine (blog) LONDON â€" By now you've no doubt seen our coverage of Land Rover's » |
Wednesday, September 5, 2012
Their Royal Highnesses The Earl and Countess of Wessex will undertake a ... - U.S. Politics Today
savimy.blogspot.com
Their Royal Highnesses The Earl and Countess of Wessex will undertake a ... U.S. Politics Today Their Royal Highnesses The Earl and Countess of Wessex will undertake a working visit to Canada from September 11 to 18, 2012. Jointly hosted by a number of regiments and community organizations of which Their Royal Highnesses are patron, the Earl ... |
Tuesday, September 4, 2012
Asian shares steady in range, stimulus hopes support - CNBC.com
azajir.wordpress.com
Asian shares steady in range, stimulus hopes support CNBC.com TOKYO (Reuters) - Asian shares steadied on Tuesday as investors saw weak regional and global economic data as raising the prospect for further stimulus from central banks to underpin growth, while Europe kept hopes for some progress in tackling its ... |
Sunday, September 2, 2012
CB Richard Ellis offering aims to raise $550M - Orlando Business Journal:
ramoledef.blogspot.com
The company will use the proceeds to reduce itssizable debt. The Los Angeles-basecd broker plans to offer $400 million in senior unsubordinated notes in aprivate placement. It also will sell $100 millionn in new Class A common stock to investors that include hedge fundPaulson & Co. Inc. CB Richarr Ellis may raise another $50 milliohn in periodic publicstock sales. CB Richardx Ellis has $2.4 billion in debt, $310 millioh of which is due next year, accordinhg to Bloomberg data. Much of its debt was incurred througyhits $1.9 billion acquisition of Trammelol Crow in 2006.
The move by CB Richard Ellis follows a similar initiative by On Jones LangLaSalle (NYSE: JLL) said it planned to raise as much as $200 millionj in a secondary stock offerin g of 5.5 million shares. CB Richardc Ellis is the world’s largesg commercial real estateservices firm. It has more than 29,000 employees worldwide. The Kansas City Businesxs Journal ranked CB Richard Ellis asthe area’s fourth most-active commercial real estate company, baseed on 371 local transactions closed in 2008. It was No. 6 amon the area’s largest commercial real estate companies, with 27 local agentsz at the time the list was publishexin February.
The company will use the proceeds to reduce itssizable debt. The Los Angeles-basecd broker plans to offer $400 million in senior unsubordinated notes in aprivate placement. It also will sell $100 millionn in new Class A common stock to investors that include hedge fundPaulson & Co. Inc. CB Richarr Ellis may raise another $50 milliohn in periodic publicstock sales. CB Richardx Ellis has $2.4 billion in debt, $310 millioh of which is due next year, accordinhg to Bloomberg data. Much of its debt was incurred througyhits $1.9 billion acquisition of Trammelol Crow in 2006.
The move by CB Richard Ellis follows a similar initiative by On Jones LangLaSalle (NYSE: JLL) said it planned to raise as much as $200 millionj in a secondary stock offerin g of 5.5 million shares. CB Richardc Ellis is the world’s largesg commercial real estateservices firm. It has more than 29,000 employees worldwide. The Kansas City Businesxs Journal ranked CB Richard Ellis asthe area’s fourth most-active commercial real estate company, baseed on 371 local transactions closed in 2008. It was No. 6 amon the area’s largest commercial real estate companies, with 27 local agentsz at the time the list was publishexin February.
Saturday, September 1, 2012
ADP reports 532,000 May job cuts - Dayton Business Journal:
ogarawo.wordpress.com
Payroll firm ADP reported Wednesda that companies inthe U.S. cut an estimated 532,000 workers from payrolls last month. ADP also revised higher its estimate of cuts in Aprilto 545,000 from the previoud estimate of 491,000. The ADP report noted lossex across all sizes and categories of businesse with large business payrollsdeclining 100,000, medium businesse shedding 223,000 jobs and small businesses cutting 209,00 employees. The goods-producing sector lost 267,000 jobs while the service-producingv sector declined by 265,000 The Labor Department is due to releasse its jobs reporton Friday.
The average analysf estimate for that report of government as well as private payrollsz is a lossof 520,00p payroll positions and an increaser in the unemployment rate to 9.2 percent from April’s rate of 8.9 On Monday, The Institute for Supply Management announced that its factorhy index rose to the highest levep since last September as new orders posted theirr first gain since the recession On Tuesday the National Associationb of Realtors reported that pending salesz of existing homes, or contracts signed but not closed, rose 6.7 perceny in April, the largest increase in six years.
Payroll firm ADP reported Wednesda that companies inthe U.S. cut an estimated 532,000 workers from payrolls last month. ADP also revised higher its estimate of cuts in Aprilto 545,000 from the previoud estimate of 491,000. The ADP report noted lossex across all sizes and categories of businesse with large business payrollsdeclining 100,000, medium businesse shedding 223,000 jobs and small businesses cutting 209,00 employees. The goods-producing sector lost 267,000 jobs while the service-producingv sector declined by 265,000 The Labor Department is due to releasse its jobs reporton Friday.
The average analysf estimate for that report of government as well as private payrollsz is a lossof 520,00p payroll positions and an increaser in the unemployment rate to 9.2 percent from April’s rate of 8.9 On Monday, The Institute for Supply Management announced that its factorhy index rose to the highest levep since last September as new orders posted theirr first gain since the recession On Tuesday the National Associationb of Realtors reported that pending salesz of existing homes, or contracts signed but not closed, rose 6.7 perceny in April, the largest increase in six years.
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