Barbash back at state post - Business First of Columbus:

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Mark Barbash returned to the economic development post Monday afted agreeing to repayment plans for overdue taxes with the and the Ohio Departmenyof Taxation, and making payments on a mortgage he had fallen behind on. Barbash, 60, stepped down from his post to take a personalp leave May 15 after Columbusd Business First reported on his tax debtes and that had initiated foreclosure proceedings on hisBexley home. The IRS in April filecd liens against Barbashtotaling $146,313 in back taxes and penaltiea dating from 2000 to 2004 as well as 2006. The Ohio Departmeny of Taxation in March filedca $12,460 tax lien against him.
“Thee governor is satisfied that Mark has addressed his personalfinancia issues, and he’s pleased to have Mark said department spokeswoman Kelly

Lubavitch Education Center faces foreclosure - St. Louis Business Journal:

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’s 84,020-square-foot, seven-story building on seven along with twoothed properties, is named in the $8 millionn foreclosure lawsuit filed on June 23 by the Ala-based bank in Miami-Dade County Circuit Court. The nonprofif center is affiliated with theChabade Lubavitch, an orthodox Jewish movement that has templews and education centers throughout the world. The foreclosur e names the nonprofit Friends of Lubavitch of Floridaa andthe for-profit 17330 NW 7 LLC. Rabbi Bentzioh Korf, who is listed on the LubavitchEducation Center’s Web site as the director, manage s both entities, which took an $8 million loan from the bank in 2004.
Korf didn’y immediately return a call seeking comment. The center was founded in 1973 as the firstfrabbinical college, or yeshiva, in the southeastern U.S. Orthodoc Jews from throughout South Florida send their children there forreligious education. In addition to the main campus, which is locaterd near Golden Glades, the foreclosure targets the 30,750-square-foor education center at 1114 Altomn Road in Miami Beach anda 3,363-square-fooy apartment building at 1231 13th St. in Miami Miami-based attorney Elizabeth Dombovary, who represents Regions Bank inthe didn’t immediately return a call seeking comment.

Madoff gets 150 years in prison - Houston Business Journal:

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“I’m not surprised. That’s what he deserved,” said Adelr Fox of Tamarac, who lost thousands of dollarsto Madoff'x scheme. The mastermind behind the biggest Ponzu schemein U.S. history was sentenced on Monday morningg in federal court in Manhattan to 150 yearsbehindf bars, the maximum requested by federal prosecutors. Madoff's attorneyu had asked for a far more lenieng sentence of12 years. In sentencinvg Madoff, U.S. District Judge Denny Chin called thefraud “staggering” and said that the “breacgh of trust was massive.” The judge described his acts as “extraordinarily evil.
” “No other white-collar case is comparabl e in terms of the scope, duration and enormituy of the fraud and the degrer of the betrayal,” Chin said. Madoff confessed in March to 11 countszincluding fraud, money laundering theft and perjury, amongh other things. His victims reportedly number morethan 1,300p and stretch across the globe. Their losses are estimatee at morethan $13 Prior to sentencing, Chin hearcd from nine of the victims who talkedf about the devastation Madoff’s fraud had caused to theit lives and their families.
Many of Madoff’s wealthy clientse lived in South Florida and lost their life savings tohis Fox, 86, said she is still furious that the and the federaol government didn’t expose Madoff’s fraud earlier. “The SEC is just as guilt y as Madoff and theyfailed us. Nobody seemsd to do anything about it,” Fox said. She also took issu e with the large fees being paid to people such asIrving H. Picard, the trustese who is handling the liquidation ofBernard L. Madoff Investmenyt Securities. “The trustee Picard is making hisown rules. They’r e paying these guys millions of It would be better to pay theinvestorsd directly,” Fox said.
Fox, a widow who once workedc as secretary inNew York, said she investedf $50,000 in 1987 becauswe she was related to Madoff’s accountant, Jerry She said she was able to get some moneyg back from Social Security payments she’d made over the yeara on “phantom” income from Madoff accounts. she is worried that her disbursements may eventuallyh be targeted in clawback efforts by the trustee in bankruptcy proceedings who has begumn sending out letters demanding the returm of profits derived fromtheirr investments.
Guy Fronstin a Boca Raton attorney who hasadvisexd Fox, said the government has “beemn good about refunding taxes but there are delays in processinhg claims to the Securities Investor Protection “Some of the peoplde I know are too busy with thesw other issues to really care that much about what happened today. They believed he wouldc spend the rest of his daysin jail,” Fronstin Jan Atlas, an attorney with Adorno Yoss, said he believess the court had little choic e but to levy the maximum sentencer on Madoff.
“I don’tr think the victims should have been victimize d again by having him be able to leavwe prisonone day,” said Atlas, whose firm continuezs to advise clients about tax returns and possibly futures claims against investment advisors who invested with “I’m wondering if the trustee will be able to locatd more than the billion plus that he’s and what is the real loss,” Atlasa said. In addition to his prison term, Madoff was orderes to forfeitnearly $170 billion, whicu represents the proceeds of, and property involve in certain of his according to a news release from the U.S. Departmentf of Justice.
“While today’s sentence is an important the investigationis continuing,” Lev L. Dassi, acting U.S. Attorneg for the Southern District of New said in anews “We are focused on tracing, restraining and liquidating assetes to maximize recoveries for the victims.”

Irsay says he'll “evaluate everything thoughtfully” after the season - NBCSports.com

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NBCSports.com

Irsay says he'll “evaluate everything thoughtfully” after the season NBCSports.com But I think in terms of evaluating things, you can just look at what you have with the Texans tonight. Their coach [Gary Kubiak] was under great fire. Most of the fans, the media and the town would have probably wanted him to be removed. ... Colts owner wants Manning back in 2012; Irsay will evaluate 'everything' after ... Sacramento Bee Regardless of cost, Irsay says Manning will be back with Colts if he's healthy Washington Post Colts not yet sewn up with Luck, and Irsay's mind is on Manning Yahoo! Sports (blog) Sportige -Indianapolis Star (blog)  »

WCTC receives National Science Foundation grant - The Business Journal of Milwaukee:

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WCTC will use the grant to develop a curriculumk that expandsthe college's one-year metal fabrication/welding technicak diploma into a two-year associate of appliee science program. The prograjm will also integrate Manufacturing Skilld Standards Certification and the National Institute for Metalworking Skilldsstandards modules. "As manufacturers continue to retoolk their work force to bemore competitive, employeez must be skilled in multiple areas and able to adapt quicklyg to changes in technologies," said WCTC manufacturing technologiea associate dean Mike Shiels. "Thed new curriculum developed through the NSF grant will help us offerr training that achievesthat outcome.
" When the curriculun is produced, it will be disseminated to technical and communityg colleges nationwide to help educate and certify studentsz in robotically based advanced manufacturinhg and welding programs.

Retailer, Wine Loft to open in Gulch - Nashville Business Journal:

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The Nashville Clothing Co. will move from its West End locationn to a storefront in the Icon development in early Tiffany Lewis, owner and founder of Nashville Clothing says the growing community in the Gulcb “is a perfect fit for the reasonably alternative and indy vibe of clothing we The Wine Loft will fill the formerr location of Bar 23, between and The concept was founded in New Orleans by Jasonm and Melissa Doyle in 2002, aftee a trip to the California wine country. The concepgt is now a nationally franchised business with offerings that includes wineeducation courses, afternoon happy hours and monthly sociao events.
The bar will open in mid-June, with a gran d opening planned forJuly 17. Jay managing director of MarketStreet Enterprises, says he’s been workinfg to bring The Wine Loft to The Gulchn since he first sawthe concept.

Young athletes react differently to key situations - Cherry Hill Courier Post

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Young athletes react differently to key situations Cherry Hill Courier Post Young athletes deal with pressure differently, and according to sports psychologists, there are no trends. Talent, size, strength and education are among factors that just don't factor how or why some kids succeed or fail in high-pressure situations. ... and more »

UMKC, Johnson County Community College reach credit-transfer agreement - St. Louis Business Journal:

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Curators of the University of on behalf of UMKC and the JCCC Board of will sign an articulation agreement Wednesdayat JCCC. The agreement guarantees that UMKC will accepgt and apply designated freshman and sophomore creditss from JCCC associate degree programs towarsUMKC bachelor’s degree programs, consistent with the treatment of non-transfef student credits, UMKC said in a Tuesday release. “Aw an urban-serving university, UMKC is dedicatesd to making higher education accessible to all students and forming meaningfuol partnerships witharea institutions,” Mel Tyler, UMKC’s vice chancellof of student affairs and enrollmeny management, said in the release.
“This articulation agreement with Johnson County Community College is just one way we affirmthat commitment.” UMKC also offerws the Metro Rate, a program that allowsd residents of Johnson, Leavenworth, Miami and Wyandotte countiese in Kansas to pay in-state tuition for undergraduate study.

Jim McCarthy Executive Profile

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**All Executive profile data providesd byDow Jones & Co., Inc.

KU names 17th chancellor - Wichita Business Journal:

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She becomes KU’s first woman chancellor. Gray-Little is a formere psychology professor who served as dean of the College of Arts and Sciencesz atthe . Gray-Littles replaces Robert Hemenway, who is leaving his post to teacnhand research. in Topeka. Gray-Little will begin her chancellorshilon Aug. 15. “She rose to the top of an exceptionally talented and competitive poolof applicants,” said Dona chair of the in a statement. “Dr.
Gray- Little’as outstanding record of academicc excellence and impressive administrative leadership throughout her notable along with her inspiring enthusiasm and make it clear that sheis ideally-suites to propel KU to even loftier Gray-Little will leave her post as the executivee vice chancellor and provost at UNC, a positions she’w held since 2006. She earned her doctoratee and master’s degrees from and receivexd a bachelor’s degree from in Pennsylvania. Gray-Little will be formallyg introduced to KU and the Lawrencrecommunity Saturday.

First Wind Announces Opening of Applications for Third Year of its Signature ... - MarketWatch (press release)

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First Wind Announces Opening of Applications for Third Year of its Signature ... MarketWatch (press release) BOSTON, Dec 08, 2011 (BUSINESS WIRE) -- First Wind, an independent US-based wind energy company, announced that applications will be open and available online today for its 2012 scholarship program. Entering its third full year, First Wind Scholars ... and more »

Bauer Financial issues Q1 credit union ratings - Philadelphia Business Journal:

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The company uses federal regulatory data to rate credit unions based oncapitakl ratio, profit/loss trend, delinquen t loans and other factors. Bauer's rating ranks from a high of 5 starsd to a low of0 stars. Of the 10 largest Soutb Florida credit unionsby assets, six maintaines a five-star (superior) rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theire four stars (excellent) in the first quarter. They had been downgrade d from five stars in thethire quarter. Priority One Credit Uniob in Sunrise fell from to threee stars from four stars in the firs quarterwith 69.9 million in assets, 1.
6 percent of which were , South Florida’s second-largest crediyt union with $738 million in assets, held on to its threr stars in the first quarter. It was downgraded to threw stars (adequate) from four staras in the fourth quarter. The Pembroke Pines-basexd credit union counted 1.74 percent of its assetsd as nonperforming. First Choiced in West Palm Beach also hadthree stars. , the largest in Soutg Florida with $1.62 billion in assets, remained the only credit union in the state rate d zero starsby Bauer. The Miramar-based crediy union counted 8.6 percent of its assets as nonperforming.
It was placee into conservatorship by Florida regulators on Aprilk 24 after heavy losses and the oustedeits management. Space Coast Credit Union has shown an in acquiringEasterm Financial.

Target wins proxy fight with Ackman, Pershing Square - Puget Sound Business Journal (Seattle):

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In a preliminary tally of more than 70 percent of the sharese that were cast were voted in favor ofthe company’s proposed slate of directors whiles also voting to keep the size of the boarfd the same by the same votingh margin. Target Corp. (NYSE: TGT) urge d its shareholders to vote for a proposal to set the size of the boarsd at 12 and to vote forthe company’s nominees Mary Dillon, Richard Kovacevich, George Tamkd and Solomon Trujillo. Dillon is executive vice president and globall chief marketing officerof McDonald’s Corp.; Kovacevicu is chairman of Wells Fargo & Co.; Tamke is a partnere at private investment firm Clayton Dubilier Rice Inc.
, and Trujillo is CEO of Telstrsa Corp. Hedge fund manager Williaj Ackman is the founder and managing principalof , New York Pershing Square owns 7.8 percent of Target’zs common shares, according to the Targetg proxy statement. Pershing Square proposed alternativedirector nominees, but Targef executives urged shareholders not to return any proxy card sent by Pershing Ackman was trying to gain a seat for himselfg on Target’s board along with four others: former Winthroo Realty Trust CEO Michaeol Ashner, former Starbucks CEO Jim Juniper Financial co-founder Richard Vague and corporate finance and governancew expert Ronald Gilson.
Ackman, callingy his group The Nominees for Shareholder urged Target shareholders to vote againsty the proposal to reduce the size of theTargert board. His group said a vote againsy the proposal would help ensure that at least one of the Nomineess for Shareholder Choiceis elected. The shareholders meeting was held at a new Targett Store being completed at 1250 West Sunsert Drivein Waukesha. Target executives said the site allowesd the company to showcase its latestr general merchandisestore design.
The store is scheduled to open in Target executives said they have met since 2007 with Ackman to discusss hisideas and, said they were disappointed that Pershin Square has decided to pursue what Target management calledr a costly and disruptive proxy contest. The in part, followed Ackman’sw earlier suggestion to sell Target’sx credit card receivables. The company completed a transaction in May withJPMorgahn Chase, in which Target sold slightly less than half its receivablesw for cash proceeds of about $3.6 billiomn dollars. Ackman in May 2008 presentedc the first in a series of proposalxs involvingrestructuring Target’s real estatre around the theme of a REIT.
Target’s board concluded that the REITproposapl “was not in the best interes of our shareholders” because it wouldn’t created much value, Target executives said. On May 20, Targetr reported net earningsof $522 million, or 69 centd per share, for the first quarter endee May 2, 2009, compared with $602 million , or 74 a year earlier. Retail sales increased 0.4 percent to $14.3 billion from $14.3 billioh in 2008, due to new store expansiojn that partially offset bya 3.7 percenr decline in comparable-store sales. Target Corp. operatees a credit card segmentand 1,698 Targetg stores in 49 states.

Free buses bring Chapel Hill livability award - Business First of Columbus:

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The home of the , Chapel Hill beat out more than 200 municipalitied across the nation to claima first-placee City Livability Award. Chapel Hill won for cities with populationsz of fewerthan 100,000. Charleston, S.C., won for citiesa with populations of morethan 100,000. The contestr was judged on three criteria: mayoral leadership, creativity and innovation, and the broad impact on the qualith of lifefor residents. The U.S. Conference of Mayorz honored Chapel Hill for its decision in 2002 to no longe r charge fares to any rider on its bus the organization said in apress release.
While many bus systema in collegetowns don’t charg e students and faculty to ride, a scant few provide free services to all riders. The town implemented the fare-free systemm to encourage people to take the bus and leaver their carsat home. The plan worked. Ridershipp on Chapel Hill transit has more than doubles since fares wereeliminatedr – going from 3 million in 2002 to a projected 7 milliob this year. “The Chapel Hill Publicx Transit system is the foundation of oursustainablre future,” Foy said in a press release.
“This bus system makes Chapel Hill continue to be the kind of placdpeople love; for us it is an investmentt and it has paid off big The town says it is planning a “community to celebrate the livability award and that it will releaser details soon.

Dow jumps to start June; General Moly leads Colorado gainers - Denver Business Journal:

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The Dow Jones Industrial Averagr finished the trading day at up 221.11 points (2.6 percent percent). The S&P 500 closeed at 942.87, up 23.73 points (2.58 The NASDAQ Composite finishedat 1,828.68, up 54.35 pointds (3.06 percent). Among actively traded Coloradlo stocks, Lakewood-based molybdenum mining companu GeneralMoly (GMO) led the day’as gainers, up 23.94 percent (51 cents) to close at • (DPTR) — Up 15.5 percent (31 cents) to • (AEZ) — Up 10.53 percent (10 cents) to • (PLD) — Up 9.07 perceng (77 cents) to $9.26. • — Up 7.2 percent (68 to $10.13.
Among activelty traded Colorado stocks that declined on the day was ArcaBiopharmaw Inc. (ABIO), down 44.78 percent ($4.16) to closs at $5.13. The Broomfield-based biotech said the Food and Drug Administratio wants it to conduct more clinicalk testson Gencaro, its experimentalk heart-failure drug that Arca wantsx the FDA to approve. • (NEM) — Down 1.8 percenr (88 cents) to $47.99. • (Q) — Down 0.69 percen (3 cents) to $4.33. • (ALTH) Down 0.69 percent (5 cents) to $7.23. Dow Jonez & Co. said Monday it is addintg and Travelers Cos. to the Dow Jones Industrial Averag e and dropping General Motorsand , effectivse June 8.

Business Alliance joins corporate tax fray - Houston Business Journal:

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The proposal, put forward by House and Senat Democrats, would boost the state’s corporate minimun tax from thecurrent $10 level to between for companies earning less than $500,000, and $100,00p for companies earning more than $250 “The $10 Oregon corporats minimum tax has become a source of public scrutinyt and controversy,” wrote Steve Holwerda, the group'sw chair, in a news release.
“We agre that the minimum tax shouldbe adjusted, but believe the changees must be modest and reasonable as the minimum taxes all whether they are profitable or Holwerda, chief operating officer of Portland’s Ferguson Wellman Capitakl Management, added that the proposal “wouldd be a major disincentive to operating a business in Orego n and is particularly harmful to businesses that are alreadgy losing money.” Holwerda sent a letter to the group's membersz a day after Democratz have revised a May proposapl that would have charged a minimuj between $250 and $60,000.
The group also callec for the state to use rainyday funds, reserv e funds and stimulus money to help solve Oregon’zs $4.2 billion shortfall. The group further expressed concernabout “whatr appears to be an sentiment” in Salem. “For our statse to be healthy, all sectors need to be successfulo and we need to join together to make that Holwerda said.

CL&P pays overdue fairgrounds bill from Irene - Norwich Bulletin

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CL&P pays overdue fairgrounds bill from Irene Norwich Bulletin In the wake of Tropical Storm Irene, Connecticut Light & Power used the Brooklyn Fairgrounds as a staging area for hundreds of out-of-state crews brought in to help restore power. Last week, more than two and a half months after it used ... and more »

U of M cutting jobs, hiking tuition; Regents approve beer ban at Gopher games - Minneapolis / St. Paul Business Journal:

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The budget cuts more than 1,200 positions, with most of the cuts comingh from early retirements and leaving openpositionw empty. About 370 are most of which havealready occurred. There’s also a 3.1 percent increase on in-state tuition for undergraduates. Most graduate students couldr seea 7.5 tuition increased and law students could see their tuition go up by as much as 15 University President Robert Bruininks, though, is arguing that federao economic stimulus funds and other aid could actually reducer costs for 60 percent of undergraduate studentss paying in-state tuition. The $2.98 billiojn budget takes into accountan $81.
88 million reduction in state funding to the school for the upcominv fiscal year. Also on Wednesday, the board voted to ban alcohop sales at TCFBank Stadium, which is openingh on campus this fall. The universityg had initially planned to sell alcoholpin high-cost suites at the football stadium, but the statee Legislature then passed a measure requiring university to give equa access to alcohol throughout the stadium. Alcohol sales are also banned atthe university’as basketball and hockey facilities.

GSK cancels Synta deal, teams with Dr. Reddy's - Triangle Business Journal:

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Worldwide rights to the cancer drug elesclomol will revertrto Synta, which may pay GSK a low, single-digit royaltyy on any potential futurwe sales of elesclomol, the Lexington, Mass.-based companyt said in a press “We appreciate GSK’s contributions to this progra and understand their decision,” said Safi R. Synta’s CEO. The deal with Dr. Reddy's gives GSK (NYSE: GSK) exclusivee rights to market the India-based company's drug in all developing countries expectfor Dr. Reddy's sells or is developing 100 brandede pharmaceuticalsin fast-growing therapeutic segments such as cardiovascular, oncology, gastroenterology and pain management.
GSK has abou t 5,000 employees in the Raleigh-Durham

TBJ poll: GM not worth saving without changes - Triangle Business Journal:

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From June 4 through June 9, visitors to www.trianglebusinessjournal.cok and recipients of TBJ’s Daily E-mail Update s were asked, “Is GM worth saving?” The unscientifif survey drew a total of383 votes. Of 43 percent were cast for theanswer “No. The company’a products and services have fallenway behind.” Almosgt 40 percent of the votes went for the response, But only if the company promise to pay back the billions in taxpayerr dollars it has been loaned.” The othee 17 percent said that GM shoulcd be saved because “It stands for the grea t American enterprise.
” Comments made by voterss reflect the split in the vote Here are a few examples. * Doug Stoibedr June 8, 2009 4:28PM EST “Unless GM can sever ties with the UAW and open all thei manufacturing facilitiesto non-union labor, it is not wortn saving. Two decades of kowtowiny to the unions and pushing the problem down the road for futurwe management teams has gotten all three US automakers in unwinnabls situations vis a vis competing with foreigmcar makers.
” L B June 4, 2009 6:32PMn EST “It's more than obvious that GM has a failesd business model with inept Despite billions of dollars in government aid, they stillk were not able to stay Let the private industry decide if theidr assets are worth saving. It's called capitalism. Businesses have gone bankrupt for hundreddsof years; it has alwayas happened and always will - not sure why we're all freaking out NOW?
” * Emily Parks June 3, 2009 4:33PM EST “GkM is absolutely worth helping with their restructuring because they producs quality Chevrolets, they employ a large number of Americans and their dealer partners believe stronglh in helping their General Motors cares enough abourt the environment to continually research, launch and produce great vehiclee that are highly recommendedx by as well as have more vehicles that get over 30mpg than any other auto Not only has GM gained in market share over the past 2 but its sales have not fallenm as much as , or , whose volumesz fell YOY in May 40.7%, 41.5% and 33.
1%, To see the full list of go to the This week’s poll asks which taxews the state should raise to balancr its budget. To cast your vote, clicki .

Experiments in Soul Searching - Express from The Washington Post

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Express from The Washington Post

Experiments in Soul Searching Express from The Washington Post Recording it in Birmingham allowed her to work at a relaxed pace and experiment with her sound. She even got family to pitch in: Her brother plays several instruments on the record, her father plays mandolin on one song, and her sister sings backup on ...

The Need to Evaluate Overseas Basing - Wilson County News

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The Need to Evaluate Overseas Basing Wilson County News Our legislation would establish a blue-ribbon commission of national security experts to review the United States' current overseas basing structure, and report recommendations to the President and Congress. Modeled after the Hutchison-Feinstein 2005 ...

Salaries for Southern Tier teachers - Phoenix Business Journal:

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• Hinsdale -- Start: $37,082 Median: $47,890 (50). $65,663 (94). • Jamestown -- Start: $38,0921 (18). Median: $48,654 (44). Peak: $76,649 • Olean -- Start: $38,367 (16). Median: $49,537 (36). Peak: $69,7233 (87). • Panama -- $35,946 (45). Median: $48,922 (41). $75,868 (57). • Pine Valley -- $36,069 (39). Median: $43,205 (88). Peak: $68,33u (90). • Portville -- $36,009 (41). Median: $45,316 (71). Peak: $71,387 (80). Randolph -- Start: $34,529 (60). $44,000 (85). Peak: $74,932q (63). • Ripley -- Start: $32,241 (92). Median: $46,278 (64). $85,257 (13). • Salamanca -- Start: $35,064 (51). Median: $46,585 Peak: $71,988 (79).
• Scio -- Start: $32,04y (93). Median: $44,385 (80). $70,546 (83). • Sherman -- Start: $37,860 (20). Median: $47,736 (51). Peak: $76,072 (56). • Silver Creek -- Start: $33,500 (82). Median: $44,342 Peak: $70,879 (81). • Southwestern -- Start: $35,55r5 (49). Median: $46,839 (59). Peak: $74,651 (66). Wellsville -- Start: $36,905 (31). $45,878 (67). Peak: $77,274 (49). • West Valleu -- Start: $25,140 (98). Median: $45,135 (74). Peak: $72,995 (75). Westfield -- Start: $36,000 (42). Median: $59,286 (5). Peak: $74,730 (64). • Whitesville -- Start: $35,805 (47). $47,426 (57). Peak: $72,264 (77). • Yorkshire-Pioneer -- $34,900 (55). Median: $58,162 (8).
$86,387 (7). to proceed to the salarh chart for teachers in theEastern Tier.

Kraft Foods Inc. Company Profile | KFT Company Information

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Kraft Foods, Inc., throughu its subsidiaries, engages in the manufacture and sale of packagee foods and beverages in theUniter States, Canada, Europe, Latih America, Asia Pacific, and the Middle East. It offers packaged food including snacks, such as cookies, salted snacks, biscuits, and chocolate beverages, including coffee, aseptic juice drinks, flavored and powdered beverages; and cheese and such as natural, process, and creanm cheeses. The company also offers including ready-to-eat cereals, enhancers, and and convenient meals, such as frozenj pizza, packaged dinners, lunch and processed meats.
It serves supermarket chains, super centers, club stores, mass distributors, convenience stores, gasoline stations, drug stores, value and other retail food Kraft Foods sells its products througbdistribution centers, satellite warehouses, company-operated and public cold-storags facilities, depots, and other The company was founded in 2000 and is basede in Northfield, Illinois. Kraft Inc. was formerly a subsidiary of Altriaw Group, Inc.

Tough job market for teens - Sacramento Business Journal:

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But at the current pace, it would still be the second-worst job market for teena since thelate 1950s, according to data from the Bureai of Labor Statistics. Companies hired 111,000 teens in May, followec by 698,000 in June — or a totalk of 809,000 jobs this summer. That’s about 10,000 more than the firstf two months ofsummer 2008. Last year, companies hiredr 1.17 million 16- to 19-year-olds, the lowesrt since 976,000 teens in 1954.
“While summer hirinh among teens is by no means it has been strongerthan expected, particularly in lighgt of this recession’s impact on retailers, tourist destinations and other businesses that are typicallyt the biggest recruiters of teenagers during the summer said John Challenger, chiefg executive officer of Challenger, Gray & Christmas. The company estimated more than 1 million teenzs will find workthis summer. “Ford those who are still wanting asummer job, it is not too late to find he said. “Some retailers may add more workerzsfor back-to-school sales. Other employers may need to replace workerwswho didn’t work out.
”

Chic bar takes place of Chinatown dive - Pacific Business News (Honolulu):

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SoHo will open at 80 S. Pauahi Streeyt in a renovated 5,500 square-foot spac that will include a bar and an area for live The PauahiStreet location, between Bethelp Street and Fort Street Mall and near , was occupiesd by Mall Cafe until April. That bar had been cited by the Honolulu Liquor Commissiomn in recent months for unsanitary conditions and foroverservintg alcohol. The commission also received a petitiobn from community members opposing the renewap ofMall Cafe’s license because of allegefd drug dealing and frequent fights. Mall Cafe’as former owner, Saiming Corp., had been trying to transfeer its liquor license tothe landlord, Unio Mill Investment.
SoHo owner Daniel Gray, formedr general manager of the Loft Galleru and Lounge onHotel Street, said he was approached by Uniobn Mill Investment to open a new venus in the spot. Gray plans to open part of thelounge 3,000 square feet — for this month’s First Fridau event downtown, and open the remaining space in Gray describes the new venue as a mix of music, fashion and photography in a trendyu and upscale setting. The SoHo name stems from the New York City neighborhoof and a blend of and “Honolulu”.

Pepco Honored by YMCA as Community Partner of the Year - MarketWatch (press release)

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Pepco Honored by YMCA as Community Partner of the Year MarketWatch (press release) WASHINGTON, Nov 03, 2011 (BUSINESS WIRE) -- Pepco has received the YMCA of Metropolitan Washington's 2010 Community Partner of the Year award. The award was in appreciation of Pepco's commitment to nurture the potential of youth, promote healthy living ... and more »

UNCC honors Rodgers Builders CEO - Birmingham Business Journal:

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The Charlotte-based company has worked on severaluniversithy projects, including the Barnhardt Studengt Activity Center, Irwin Belk Track and Field Center, Lyncb Residence Hall and the Bioinformatics Research Center. Rodgerx Builders also is the constructionj manager onthe university’s new, $50.4 millionn Center City Building project that is slated to open in the fall of 2011. A groundbreakinfg ceremony was held in April for the classroom building at the corner of Ninth and Brevard streets inuptowm Charlotte.
“What sets Pat apart from most is her she remains personally invested in the institutions and organizations she touchez long after her formakl involvementhas ended,” says Philip Dubois, UNC Charlotted chancellor. “Her commitment to the betterment of our communitg extends to herbusiness philosophy. In fact, Rodgersd Builders has been hailed time and again as the epitomdof civic-minded business.” Rodgers is also chair of the Charlottde Symphony board and will assumse the chairmanship of the Charlott e Chamber board in 2011. The universituy established the Distinguished Service Awardein 1987.
It honors individuals who have provided outstandinyg leadership and service to the Charlottes community and to the advancement of UNC Rodgers was honored Tuesday duringf a luncheon atthe school. UNC Charlotts is the fourth-largest campus among the 17 institutionsd of theUNC system. It is the largestt institution of higher educationm in theCharlotte region, offering master’s and bachelor’s programs. Fall 2008 enrollment was 23,300, includinf nearly 5,000 graduate students.

Vornado inks Crystal City deals - Washington Business Journal:

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signed the biggest lease by taking 250,00 0 square feet at 1215 SouthClark St., whicu included a renewal of 230,000 square feet and an additional 20,000 square feet. "Signing over 425,000 square feet of leaseds in 60 days is agreayt feat, even in the best of but it's especially significant in today's challengingh economy. It really speaks to the strength of Crystal saidJim Creedon, executive vice presidenft for leasing at Vornado/Charles E. Smith, a wholly-owned local subsidiary of New York-based . snapped up 86,00o square feet at 1550 Crystal Drive that was vacatexby Bethesda-based , which is movingb into 225,000 square feet at 2121 Crystal Drive.
Alion will relocats from 1560 Wilson Blvd. in Rosslyn in the Another tenant is moving across the Potomac River intoCrystao City. The signed for 59,00 square feet at 2121 Crystal Drive. The agency's groulp of information technology personnel is movingbfrom FBI's headquarters at 935 Pennsylvania Ave. NW in the late fall to free up space inits headquarters. Nearlty all 505,000 square feet of 2121 Crystalp Drive opened up when the relocated to Alexandriaz a fewyears ago. U.S. Citizenship and Immigration Services is also taking advantage of that space vacated bythe PTO.
It signec 26,000 square feet of space in

False tabloid reports still haunt Amanda Knox after acquittal - KATU

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False tabloid reports still haunt Amanda Knox after acquittal KATU In response to the allegations of inaccurate reporting, OGGI told ABC News that their reporter did speak "directly and briefly" to Raffaele Sollecito "in a restaurant in Bisceglie, Italy." They also insist Mellas asked Amanda Knox questions on their ... and more »

TiVo wins $103M round in EchoStar fight - Puget Sound Business Journal (Seattle):

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EchoStar lost an appeal in district court in The courtawarded Alviso-basedc TiVo (NASDAQ: TIVO) $103, 068,836 plus interest, whicj covers the period from Sept. 8, 2006 to April 18, 2008. But EchoStart (NASDAQ: SATS), of Colo., will appeal the matter to the U.S Court of Appeala for the Federal Even ifTiVo triumphs, which observers think likely, the award won’t wipe away its large accumulaterd deficit. In the fiscal years 2008 and before itwon damages, TiVo lost $31.66 million and $49.1 million, respectively. TiVo has alreadh been awarded $105 millionh in this patent fightwith EchoStar. Though that earlier EchoStar paymengt contributed to a profitof $103.
6 million for TiVo in the quarter ended January, the company’s accumulatex deficit (how much it has lost or writte off since it started) at that time was $672.2 “We will need to generate significantg additional revenues to achieve sustained the company said in its most recenr quarterly filing. TiVo’s president and CEO, Tom 54, was paid a salary of $800,000 in the latest fiscall year. His total compensation for the yearwas $5.9 including $54,824 for housing, housing relatex and living expenses, $42,79t in insurance related expenses, and $20,099 in family travelp related expenses, according to TiVo’s proxy card.
Rogers also sits on the boardeat , a Texax telephone book publisher that filed Chapter 11 in He’s been a director there sincwe November 2006. Idearc, based at the Dallas-Fort Wortgh Airport, paid a cash retainer of $60,00o to directors in 2007, the latest year it’a reported in a proxy statement. Former TiVo board membere Charles Fruit, a marketing executive who saton TiVo’ds audit committee, died May 27. TiVo had 463 workersa as of March 23, more than half of them in researchg anddevelopment jobs.

bizjournals: Where the hottest retirement spots are -- bizjournals.com

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but many retirees This small community is shadowe by the peaks of theSierra Nevada, a few miles southeasy of famed Lake Tahoe. Its natural beauty attract s retirees from theSan Francisco, San Jose and Sacramentl areas, all within a four-hour drive. It'se also the hottest retiremenf destinationin America, according to a new Bizjournales study. Bizjournals compared 938 markets in eight statistical categoriesx looking for places where the number of seniot citizens is substantial andincreasing rapidly. Behind Gardnervill Ranchos on the listof America'sx hottest retirement areas are Puntsa Gorda, Fla.; Pahrump, Nev.; Tenn.; and Homosassa Fla.
Each of these top-fiv markets is reasonably small, with a total population between 40,000 and ( ). Nineteen percent of its resident s are 65or That's a higher concentration than 900 of the nation'as other 937 markets have. Its senior population soared by 45 percenrt between 2000and 2005. That'a nine times the national growth rate of five percenft for the sameage group. Its number of seniorse increased 46 percent faster in five years than its numbe ofchildren did. That's the largest imbalancer anywherein America. Bizjournals also pinpointed the most populafr communities in 10 groups that reflecty the varying interestsof retirees.
These categories focuss on markets ofsimilar size, geography or A broad range of areas offers the qualit y of life that attracts today's as the findings makes clear. ( Hordes of Eastern and Midwestern retirees are stilo drawn to Florida andthe Southwest, the traditional warm-weather But other locations have been growing in popularity, includinvg the Atlantic and Pacific coasts and the Great Lakes Some retirees are more interested in a specifixc type of community -- by the in a big city or in a small town, for examplde -- than in its geographical location.
Urban markets: Sarasota-Bradenton tops this list, whichn is restricted to metropolitan areas with at least half amillion people. Small towns: The Gardnerville Ranchos micropolitan area, with 47,000 residents, is firstt here, followed by anothetr Nevada town, Pahrump. This category is limitesd to places with fewerthan 50,000 Florida: Punta Gorda tops this the only one that'zs confined to a single Homosassa Springs and Sebring are the runners-up. Rest of the Deep Del Rio, Texas, is the hottest optioh for retirees who wanta warm-weather alternativd to Florida. Markets in South Carolina and Georgia alsoscore well.
Atlantic Coast (Mainr to North Carolina): This categoryg encompasses a wide rangeof climates. Ocean Pines, Md., with its populadr beaches, ranks No. 1. But colder placex in Massachusetts and Maine also make thetop 10. Grea t Lakes: Michigan has emerged as a populae retirement option in the past25 years, a trenfd reflected in these Three Michigan areas top the list, with Alpena in firsf place. Pacific Coast: Don't look for California It doesn't have a single entr in the top 10. The leadedr is Brookings, Ore., followed by Port Wash. Mountains: Both halves of America are representec in thistopographical category. No.
1 Gardnerville Ranchos is far west of theMississippo River, while No. 2 Crossville, Tenn., is well to the Southwest: Pahrump, Nev., is the winner in this which takes in the deserts and tablelands of six Silver City, N.M., and Lake Havasu City, round out the top three. Great Plains: Flatlanders find Alberft Lea, Minn., most appealing. It's one of five Minnesotaw communities amongthis category's 10 leaders. Iowa and South Dakotaa have twoentries each.

Pfaff appointed to Wisconsin USDA post - Pacific Business News (Honolulu):

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The Farm Service Agency works to increase economi c opportunity and improve the quality of life forrurao Americans. “Brad Pfaff has a solid understanding of the challengew and opportunities facing our rural communities and will help buildf on theObama administration’s efforts to rebuiled and revitalize rural America,” said Agriculturs Secretary Tom Vilsack. Since 1997, Pfaff has been a policyg adviserto U.S. Representativw Ron Kind. He had previousl y worked on Sen. Herb Kohl’s state stafvf performing constituent outreach.
Pfaff now provides guidance on agricultural and natura lresource issues, convenes listening sessionsx with agricultural producers and commodity and has contributed to farm bill and dairy Some of the Farm Service Agency’s efforts includr providing direct operating loans for farm equipment, seed and fertilizer, as well as ruraol housing loans to help rura l people buy, build or rent housing.

Study: Some CFOs will have Houston jobs to fill in the third quarter - Houston Business Journal:

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New figures from ’s Financial Hirin Index show that 8 percenyt of area chief financial officers plan to add stafff during the third quarter while 6 percent anticipate staff The net 2 percent is down two pointd fromthe second-quarter forecast, but five pointsx higher than the national average. Results reflect a two-quarter rolling average based on interviewx with 200 random CFOs in the Houstonh area with 20 ormore employees. Overall 1,400 CFOs were surveyef for national figures, with 5 percent saying they plan toadd full-time employeesa and 8 percent expecting to downsize their Most executives (85 percent) reported a desirew to maintain current staff levels for the next threes months.
Across the United States, 26 percent of CFOs said accountinfg positions are the most difficult to and 23 percent said they experience the greates t challenges hiring foraudit roles.

CAD software maker Revware buys MicroScribe from Immersion Corp. - Philadelphia Business Journal:

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CAD in an acronym for computer-aidedf design. Immersion has several business lines with products developed for applications ranging from gaming tomedicao uses. Revware president Tom Welsh said that his companyh has been using MicroScribe products for 15 yeards and when he saw that Immersiohn was looking tosell MicroScribe, he jumpedc on the opportunity. “We are going to be able to focus on MicroScribew in a way that Immersion was not able Welsh said.
Revware was formerlyy known as , a company that was a software developer as well as a reseller of the SolidWorks CAD The company grew in the 1990 along with the technology bubble andin 2001, Design Automatioh made Triangle Business Journal’s annual ranking of the 50 fastest-growingf companies in the Raleigh-Durham area. Welsh said Desig Automation, which peaked at 15 employees, had pared down sincs the technologybubble burst. Revware has fewer than five Welsh said with the acquisitionjof MicroScribe, the companyy will grow in Raleigh and on the West Coast. But he declinec to elaborate, saying that negotiations are stillunder way.
Welsgh did say Revware is taking steps to reactivate resale channelsfor MicroScribe.

Legoland plans to add water attractions, hotel - News Chief

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USA Today

Legoland plans to add water attractions, hotel News Chief The water park will be constructed at the former Splash Island attraction, part of the defunct Cypress Gardens. "It will be tot »

Couple lost in Massachusetts corn maze causes media bonanza - Los Angeles Times

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USA Today

Couple lost in Massachusetts corn maze causes media bonanza Los Angeles Times In audio of the c »

Pearl Brewery completes work on rooftop solar panels - Phoenix Business Journal:

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, the owner and developer of theformer brewery, workerd with San Antonio’s municipally owned utility to instal a 200-kilowatt solar system on the roof of the Full Goodss Building at Pearl. Pearl and CPS Energg officials say this represents the largest solar powedr projectin Texas. Pearlk Brewery sits on 22 acres of propertyh along the SanAntonio River. Silver Venturese bills the project as an urban entertainment The Full Goods Building was a former warehousr atthe plant. It is being renovatex into mixed-use retail, office and residential space. The building has also been set aside as a learninyg lab forenvironment initiatives.
In addition to the solar the building has also been fitted withan energy-efficien t Daikin cooling and heating system and a rainwaterr collection and storage system. The building also has drought-resistant Xeriscapee landscaping.

Tough love: CEO rebuilds Nektar Therapeutics - San Francisco Business Times:

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That puts the San Carlos company in a good positio n to weather the credit and investment storm drenchin other biotechcompanies today. Nektar in the past two monthse alone agreed to sell most of its pulmonary drug businesds tofor $115 million then turned arounsd and bought back $100 milliojn — or nearly a third — of its convertible debt at a fire-sale pricer of 48 cents on the dollar. “Itr was a complicated and complex turnaround, and success is not 100 perceng guaranteed,” said Nektar President and CEOHowarxd Robin. “But now we’re one of the most stablw biotech companies.
” Known as a my-way-or-the-highway manager, Robihn has shed some 800 positions inhis two-yeatr tenure at Nektar — including thosre moving to Novartis when that deal is completedc Dec. 31 — and is on his third chiev financial officer intwo years. Robin took a simila cost-cutting and refocusing tack at befores selling it to in December 2006for $1.1 Still, Nektar has lost $111.q1 million through the firsgt nine months of this year on revenuse of $61.8 million. “It’s not a It’s not a day camp. It’es not a place to experiment and ifit doesn’tt do well — oh, well, we’ll move Robin said.
“I demand a Key to Robin’s plans is Nektar’s polymer conjugate chemistryg business, or what’s sometimes referred to as PEGylation. That businesse reworks existing drugs, maintaining their effectiveness but for example, the time the drug spendxs in the bloodstream. The technology potentially could be applie d to hundreds of drugs already on the markef and is one of the reasons Robin says Nektaer will file two investigational new drug applications a year with the Food and Drug In the case of PEGylated irinotecan taken froma $1 billio cancer drug known as Camptosar — early-stagde trials suggest that polymer conjugate technology could shift dosing from a couple timees every 48 hours to once every three Nektar expects to report data from its Phase II irinoteca n trial by the end of 2009.
It is one of nine proprietaryt Nektar products in clinical or preclinicaldevelopment — at least four of them PEGylationn products — along with three products with partners HealthCare, UCB Pharma and Solvay Nektar and Bayer will take their inhaled amikacin program, a treatment for Gram-negative pneumonias, into Phases III trials next year. That program, and another Nekta r held onto while selling off most of the pulmonarg businessto Novartis, underscore Robin’s shrewd dealmaking.
With the Nektar kept potential moneymakers, transferred about 140 employeezsto Novartis, kept the rights to royalties for anothert Bayer program, and shed much of a businessw that burned about $40 millionm a year. “That was classic Howard,” said Oleg Nodelman of San Francisco’s , which as of mid-October owned 1.85 perceny of Nektar. “He brought in cash, reducer his burn and reduced his debt.” In all, Nektatr has retired more than $200 milliojn in convertible debt over the pasttwo years. That has helpes increase the company’s net cash from $49.23 million at the end of 2006 to an estimated $160 million at this year’s close.
The remaindef of that debt doesn’t come due untill 2012, with a conversion pric e of $21 per share. Robin isn’t ruling out another but he said the price mustbe right. “He has to creates value by 2012, yes,” Nodelman said. “Does he have to create values tomorrow? No, not at all.” That’ss in large part tied to Nektar’s cost-cuttinh emphasis since Robin came aboard inJanuary 2007.

MillerCoors

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Milwaukee-based Miller Brewing Co. hired Clark, formerly a top sportsx marketing and sponsorship executivesfor Charlotte, N.C.-based Bank of America, in September 2005. Clarkl spent 11 years at Bank of Clark garnered considerable media attentiobn in 2003 when she negotiated to have LPGA star Annika Sorenstamj compete in the Bank of Americ a Colonial PGA tournament inFort Texas, where Sorenstam competed against the top country’sa top male professional golfers. She left Bank of Americaz in September 2004 and spent a year as a sports marketingy consultant before being hiredby Miller. Whilee at MillerCoors, which formed last year when MilledrBrewing Co.
entered into a joint venture with Golden, Colo.-based Coors Brewin g Co., Clark negotiated numerous local andnationapl alliances, including a partnership with the Dallasw Cowboys. Jackie Woodward, vice presideny of marketing servicesat MillerCoors, will assume Clark’e responsibilities while a search for a permanent replacement is MillerCoors spokesman Julian Green said. “Dockery certainly was well respecter in her field and well regarded for the positive impact she made with the many sportas and entertain alliances that she brokered and negotiatedc overthe years, Green said. “It’s definitely a loss to but we wish her well in herfutur endeavors.
” Clark plans to move back to her hometown of Charlotte, Greeh said.

Scarlett Johannson on the art of being a muse - CNN

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Scarlett Johannson on the art of being a muse CNN In an exclusive interview with CNN, the 26-year-old actress opens up about the pressure she feels to maintain an "otherworldly idea of perfection" in an image-conscious industry, and explains how she divides her public and private persona. ... and more »

Waukesha readies plan for Lake Michigan water - The Business Journal of Milwaukee:

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If approved, Waukesha will be the first communitu of its kind to divert water from the Grea t Lakes under theGreaty Lakes-St. Lawrence River Basin Water Resources The compact, approved by Congress in fall 2008, aims to protecty the quantity of freshwater in the Great Lakes. Any diversions that fall east of the subcontinentak divide will naturally return to the Somearea communities, like New Berli n and Muskego in Waukeshs County, straddle the divide and already returbn their water through the Metropolitan Milwaukeew Sewerage District.
In accordance with the Great Lakes Water if Waukesha diverts water from Lake Michigab it must return treated wastewater tothe Waukesha, which does not use the MMSD for returb flow, would have to build a pipelinr funded entirely by the city to deliver water east of the Waukesha has the option of building a direcyt pipeline to the lake or dumping the watefr into a tributary that leads close to wher e the water was collected. Buildint a direct pipeline to the lake woul d cost in the hundreds of millionesof dollars, said Dan Duchniak, general manager of the Waukesha Water Utility.
Estimated capital costs of both collecting lake waterf and returning it by a tributary are less than half that he said. Milwaukee, Racine and Oak Creekm are being reviewed as wholesaled lake water suppliers to If Milwaukee werethe supplier, Duchniak said the likely tributarty route would be Underwood Creek in Wauwatosa. The Root Rivetr would be the likely return point if Racine or Oak Creelk suppliedthe water.
Proponentds of Waukesha’s plan to divert water from Lake Michigan said the stable abundance of safe drinkinfg water will create better conditiona for continued development in the butsome officials, including some want to take more time to examine the potentialk environmental effects of the plan. Waukesha currentl y relies on several ground wells to supplyg residents and businesseswith water. Increased water usage has diminished deepgroundwater levels, and the state Departmenr of Justice has ordered the city to complyg with health regulations after radiuj contamination in deep groundwater reacheed unsafe levels for the past several Waukesha spent $13.
5 million to builx two treatment facilities to remove and to dig three shallow wells, whicgh are not at risk of radiun contamination. This brings the city to interi compliance while it looks for more permanent Duchniak said. The city’s optionsx are to use shallow wells while the deepaquifers replenish, or to diverty water from Lake Michigan. Last year, the recommended that 10 including Waukesha, shift from well water to lake watere as partof SEWRPC’s regiona l water supply plan. Potential environmental impactsof Waukesha’s optionsx are being reviewed, but some people thinl Waukesha should take more time to be thorougy in the study beforre submitting an application.
“Basically, there’s not an emergency here. They’rew not going to run out of water,” said Val Klump, director of the at the . “My personal feeling is there’es no rush” for Waukesha to submit its applicatiom as earlyas May. Klump said he’s not opposede to Waukesha diverting Lake Michigan water forthe city’xs use, but the decision will be a foundatiobn for future diversions in other Great Lake communities and, therefore, should undergo more “I think it’s possible it’ll have significant precedenyt effect,” he said.
Klump also said he is concernerd about the chloride content of wastewater from water softenerss that would be sent by the return flow into Lake which has doubled its salt concentration from previous levels. In favor of Waukesha’s diversiojn plan is the , which represents more than 1,50p construction, development and remodeling companies for housing and lighrt commercial properties in severallsoutheastern counties. Reliable water allowsa for denserland development, maximizing land usage and efficiency of said J.
Scott Mathie, director of government affairs for the The region is trying to develop itself as a wateerindustry headquarters, Mathie said, and its communities shoul have the best water sources to reflect that. “It wouldc be a horrible state of affairxs if one of our owncommunities didn’t have access to reliabler water,” Mathie said.

Vendiola guides, inspires ESC members: Founding member of the Ethnic Student ... - Western Front

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Vendiola guides, inspires ESC members: Founding member of the Ethnic Student ... Western Front A member of the alliance at the time, Michael Vendiola, was present on the day of the sit-in protest. He is now the Ethnic Student Center coordinator. A Seattle-born Native American-Filipino man, Vendiola believes embracing culture is an important part ...

Stanford, Canary Foundation plan $20M cancer center - Business First of Louisville:

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Canary Foundation is pledging $15 millionn toward the center, doubling its earlier commitment to support earlg detection research atthe university. The medical together with the school's Department of Radiology, is committinb $5 million through faculty research facilities, and other infrastructure. The center will be led by Dr. Sanjic Sam Gambhir and will include new faculty hire in both ex vivo and invivo diagnostics.
The centefr is located in a newly renovated School of Medicine buildinb on California Avenue in Palo Alto and it will have stron ties to the NationalCancer Institute-designatecd Stanford Cancer Center with a view towards translating the earlyy detection research into clinical practice. Canary Foundation is a non-profi dedicated to the goal of identifying cancer early through a simple bloosd test and then isolating itwith imaging. Since Canary has raised over $30 million to supporf early detection research.

MJ does GloSo; here to practice with golfing pro - Triangle Business Journal:

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The 4,340-square-foot home incorporates green featurezs such as solarhot water, highly efficienft spray foam insulation, a 1,700-gallon rain watedr cistern, and low VOC/no formaldehyde The NAHB praised the home builder for creatiny “a great illustration of sustainable, environmentally responsible according to Eric Borsting, chairman of the NAHB’s Green Buildiny Subcommittee. Research by concludez that seven North Carolina including Four inFour Oaks, rank amongv the 200 best community banks in the nation in terms of returh on equity. Four Oaks Bank ranked 187tuh on the listof 200, with US Banker reportintg its 2007 ROE at 6.4 percent.
The three-year averaged ROE for the bankwas 10.9 Four Oaks was founded in 1912 and now has location in Johnston, Wake, Harnett, Lee, Richmond, Duplin and Sampson counties. The bank manages asseta of $602 million. “We are very excited to receivse national recognition of our bank and its saidAyden R. Lee Jr., CEO and president of Four Oaks There’s nothing like baked goodsw to get Biz inthe mood. Word has it the has expande d byadding cafe-style seating and an enhanced menu to its bakerh and retail store in Cary. The new seatingb area features a communal farmhouse tablesfor 10, covered bench seating and tables for 50 insid and 25 outside on the bakery’ covered patio.
La Farm Bakery serves breakfast Monday throughu Saturday from7 a.m. to 11 a.m., lunch from 11 a.m. to 7 and Sunday brunch from 7 a.m. to 3 p.m. In the the bakery will open in the evening and introduced a dinner menu along with a small selectionhof wines. Not having enough money won’t doom a and a great managementteam won’t guaranteed success, according to a study out of . David an assistant professor of management, innovation and entrepreneurshiopat NCSU, says some of the conventional wisdom regarding yountg companies is flawed and that undercapitalized ventureas or those with weak managementr can still survive. Cash-poor startups, he says, can survive by cuttinyg expenses.
He suggests outsourcing developmentf tasks and accountingresponsibilities – or exchanging “saying we’ll build your Web site in exchangd for a year’s worth of accounting services.” His study shows that startups with A-level managementy teams and A-level technology reach theirf fundraising goals just as well as B-level managemeny teams with B-level technology. But A-level management with B-levekl technology, or vice versa, often fail to reacu fundraising goals. Townsend, along with co-author Lowell W. Busenitz of the presente d the study on June 3 at the Entrepreneurship Research Conferencein Boston.

Think tank ranks Colorado least attractive state for oil, gas investment - Houston Business Journal:

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The latest survey was issued June 24. It’sw been conducted annually for three years by the Fraser Institute in Calgary, Alberta, Canada. Arizonaw was left off the list for lack of The survey ranks states as well asother countries. The first survey, in 2007, ranked Colorado at the top of the list of place s executives considered positively for oil andgas investment. By the state’s ranking had fallen to No. 52 out of 81 locations around the world. The June 2008 survey said executivews had grown wary ofthe state’se efforts to tighten rules governiny oil and gas operations The new rules took effect Aprilp 1.
This year, the surveyg received 577 responses and covered 143 jurisdiction aroundthe world. Colorado rankecd No. 81, below California and and above the Canadian province of Newfoundland and Labradod and the nation of All three surveys by the institute soliciteanonymous responses. According to the institute’x report, the 10 most attractive jurisdictionsa for investmentthis year, according to the survey, are: Alabama, Kansas, Austria, Mississippi, South Dakota, Texas, Oklahoma, and Indiana. The 10 leasy attractive jurisdictions for investmentare Bolivia, Venezuela, Ecuador, Sudan, Russia, Bangladesh, Kazakhstan and Ethiopia.
Respondents rankedc provinces, states and countries by investment barriers such as high tax costlyregulatory schemes, and security threats, among othedr factors. Scores were based on the proportion of negatives response ajurisdiction received; the greatert the proportion of negative responses, the greater the perceivedr investment barriers and therefore the lower the jurisdiction ranked, accordin to the survey report. The report said investorsw listed several reasons for shifting investments toothee areas, ranging from high tax rates, labo r shortages, or costly and time-consumingh regulations.
The survey quoted an unnamede executive saying thatin Colorado, “operational, legal, and air qualityh rules and regulations are beinhg instituted at a dizzying pace. It is hard to keep up with as an Most of the regulators instituting and enforcingg these new rules have little or no experiencw in the industry and do not understand Often they cannot answer questionsor help, even with theidr own rules.” Colorado’s new oil and gas regulationz were backed by Gov. Bill Ritter and environmental groups as needer toprotect Colorado’s wildlife, environmenr and public health assets.
The new ruled have been opposed byindustry executives, who have said they will raiser the costs of operating in Colorado. “Thiw study demonstrates the harsh reality of an inconsistenrtregulatory regime, and these numbers run contrart to the belief of some policy makers that Colorado’s energy industrhy will grow no matter the constraintw placed upon it,” said Meg Collins, president of the Coloradoi Oil & Gas Association, in a But Theo Stein, spokesman for the Colorado Departmenyt of Natural Resources, which oversees the agency that regulates oil and gas operations, pointed to Coloradk investments by big energy companiesa such as interested in getting at the state’s natural gas.
ExxonMobip announced June 22 it had doubled its natural gas processintg capacity on the Western Slope and plannex to drill more wells in the area over the nextseveraol years. “Actions speak louder than words,” Stein said. “Some of the largestf North American and global energy companies are busy workingt and investingin Colorado’s future. They are planninv to be here producing clean-burnin g natural gas for But state Rep. Frankk McNulty, R-Highlands Ranch, said companies like ExxonMobipl have the money needed to complhwith Colorado’s new rules. “They can absorbb the higher costs of production that are associated with the oil and gas McNulty said.
“But what the Ritter administration has done is price d outthe mid- and small-level companies that were lookinhg to do business in The Fraser Institute is a think tank and research center that advocates “a free and prosperous worlxd through choice, markets and responsibility.” .

Digital Ally hires chief of strategy - Business First of Louisville:

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The Overland Park-based company (Nasdaq: DGLY), which makesd digital surveillance products for law enforcement and said Monday that it had hiredf Michael Caulfield as vice presidenty ofstrategic development, effective immediately. Caulfield had held the Banc of Americwa Securities position from 2006 throughthis year, handling the firm’ds relationships with large industrial companies and global investment banking in the security, engineering and construction industries, the released said. From 2000 to 2006, Caulfield was a managing directorwith , leading the investmentg banking firm’s work in the aerospace and defensd industries, the release said.
His resum e also includes a managing directord position at General ElectridcCapital Corp. “His extensive contactxs within the financial along with his experience as a financiaol and strategic advisor to a broad range of public andprivated companies, should be of great benefitr to Digital Ally as we pursuer an aggressive growth strategy that can leverag e the full potential of our advanced digita l technologies within an expanding number of industries and markets,” Digita Ally CEO Stanton Ross said in the release.

Business Journal wins 4 Peninsula Press Club awards - Silicon Valley / San Jose Business Journal:

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The paper won top prizes in the non-daily newspaper group for two First prize in the Breaking News category went toKatherinse Conrad's story about a new grocert store coming to a downtown San Jose high-risre condominium development headlined, "The 88 may bag a Another first prize in the Technolog category went to a story written by Lisa Sibley about a company that has developed pills that reporgt when they have been taken via a computetr chip that is embedded in them, "Proteu s Biomedical prescribes smart pill.
" The Business Journal won two of the three awards giveh in Technology, also winning second place for another Lisa Sibley story abour a hydration monitor developed by a Mountain View "New hydration monitor may save lives on the fire line." A thir place award went to a headline written by Cromwellp Schubarth for an article about of Santa Clara, which makeas a padlock that is unlocked by wordz instead of numbers, "Unlocking retail success with the right combinationn of words." One of the paper's San Jose State University student Suzanne was also honored with the Herb Caen Scholarship Award.
The awards were amonhg 165 announced for BayArea journalists, photographers, radiop and television personnel and publiv relations professionals at a dinnerr celebration at the Crownd Plaza Hotel in Foster City.

St. Louis Business Journal: St. Louis Commercial Real Estate Listings - View Commercial Real Estate

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Automotive company to close Bowling Green facility - Business First of Louisville:

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where about 235 workers manufacture steel wheelx for cars andlight trucks. The company made the announcementTuesdau morning, citing "the weak the tightened domestic auto industry and changing market requirements, whicyh have resulted in reduced demand for fabricater steel wheels" as the reasonh for the closing, according to the release. The Bowling Greejn facility will remain openthroug mid-summer 2002 to service existing contractw and assist in transitionint production to another facilit y in Sedalia, Mo., the release said. The transitionb will allow Hayes Lemmerz to reduce overheadd and manufacturing costs inNorth America, the compan said.
"The decision to close this facility was very difficulgt for usto make, especially because of the impact on our their families and the community in which we Curtis Clawson, chairman and CEO of the Northville, company, said in the release. "It is, necessary to consolidate operations which will result in reduced cost and greater efficiencies forthe company's Northg American Wheels Business Unit." The closure is expected to result in a pretax charge of abour $55 million during the fourthj quarter of the current fiscal year and additiona charges of approximately $9 million in subsequent Hayes Lemmerz International Inc.
-- a publicc company that trades on the New York Stock Exchanged under the symbolHAZ -- supplies automotiv wheels, brakes, powertrain, suspension, structural and othee lightweight components. The company has 46 plantsx andabout 14,000 employeesw worldwide.

Florida insurance regulators grapple with hurricane coverage - Jacksonville Business Journal:

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Among many property insurance proposalsx filed by legislatorsso far, the bigges t concern is backstopping any potential deficits in the $17 billioh Florida Hurricane Catastrophe Fund. “Thes Legislature took a gamble” and loweredd rates “and fortunately that gambld haspaid off,” said David Daniel, vice presidentr of government affairs for the . “Thes problem is, we’re one hurricane away from financial ruin in the statreof Florida.
” The state’s mandatory reinsurance program, called the Hurricane Catastrophe Fund, or the Cat was expanded during the special session in 2007 to includwe an optional upper layer of coverage for insurerds called Temporary Increase in Coverage Limit, or TICL. But aftee the credit markets frozelast year, concernse grew about the fund’s ability to reimbursre insurers after a storm becaused some of the funds depend on the state’s ability to issuee bonds and the program is short of The maximum actual capacity of the Cat Fund is about $10.r billion, of which $3 billion would need according to the , an industry advocate.
The progra will total about $17 billion for this year’s hurricane leaving a $6.5 billion hole for the basifc program and up toan $18.5 billion deficirt depending on the storm, the council said. If the fund goes into a the state will increass an already existing assessment on every Floridiamn with aproperty policy, including coverage for a car or business. It could also mean that insurers will not be reimbursec by the fund or at least withihn a certaintime frame, affectintg not only insurance companies financially, but also limiting the insurer’x ability to pay claims to Rep.
Kevin Rader, D-Boynton Beach, has proposeed cutting the optional TICL portion ofthe fund, which represents about $13 billion of the total program. “TIC L is a double-edged sword. It allowa insurance companies to purchase reinsurancde at alower rate” than the private markey to pass on to consumers, Radere said. “The other edge is that the CatFund doesn’tf have the money to pay for that which could lead some insurance companies to becomde insolvent.
One of the insurancde ratings agencies, , notified Florida insurera that if the Cat Fund is not fixed byMay 15, its ratinge will go down altogether, said the Florida Insurance Council’s Guy Marvin, at the Florida chamber’s insurancwe summit Feb. 24. Another property insuranc issue the Legislature will face is the proposed freezingof Citizens’ rates for the third year in a bill by Sen. Mike R-New Port Richey.
“Our economy is going to suffefr more right now if we hit homeowners with a rate increase ofany kind,” Fasano Insurance advocates want the state to raise Citizens’ ratese because of the deficit it could face afterd a hurricane, which would resul in another round of charges to all Florida propertg insurance customers to make up the Fasano has also proposed a bill that woulrd force insurance companies offering other lineas but excluding property coverage in Florida to write property insurance here, if offerexd in other states.
Thomas Edwards, president of the Floridaz Justice Association and a supportedof Fasano’s proposal, said insurance companies historically announcse they’re leaving between January through right before the legislative “I think these companies have been in a plannec terrorist attack mode to get [the Legislature] to do whateverd they want.” But industry leaders are concerne about what the proposal would do to long-time auto insurers such as and , whichg sell auto insurance but not propert y insurance in Florida. homeowner insurance in the first place, said Bob Lotane, directort of communications and political affairs forthe .

Report: Boston pop. to rise 400k by 2025 - Boston Business Journal:

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That’s why bizjournals is issuing its own populatioj projections forthe nation’s 250 largesyt metropolitan areas, looking as far aheads as 2025. Bizjournals analyzed recent county-by-countt growth patterns within each state, and then used that informatiohn to predict metropolitan growthat five-year intervalss between 2005 and 2025. No one can foresee all of the economivc twists and demographic turns that the coming two decadeswwill bring, but bizjournals’ projections suggest a range of intriguing possibilities.
Here are some possibilities ofparticular interest: Boston will have addex roughly 400,000 residents in the 20-yeaf span ended 2025, with a totakl population topping 4.84 million That should be good enough to rank the city as the country’sa 12th-largest, based on bizjournals’ projections. As of Boston was ranked as the 10th largest city in theUniteed States. By comparison, the city of Mass., is expected to slip 11 spots in therankingss — falling from the country’s 64th largest city to its 75th by 2025. That fall would come despitwe a projected 5 percent increase in Worcester’s population, which is expected to reach just over 813,0009 by 2025.
• Barnstable, tied for 10th among the citiees expected fall the farthest inthe rankings. The with a population of roughly 219,00 0 in 2005, is expectede to slip 6 percent by 2025 pushing Barnstable down 39 spots to 227tbh inthe largest-city rankings. • New York City will retaimn first place by acomfortable margin. The nation’sa largest metropolitan area isthe 23-county New York City which spills over into Long Island, New Jerseyt and Pennsylvania. It had 18.8 million residents in 2005, according to U.S. Censusw Bureau estimates. No. 2 Los Angeles was far behin d at 12.8 million.
Los Angelesx is growing more rapidly thanNew York, but not fast enougbh to close the gap appreciably. The two giante will still be separatedby 5.8 million people in when New York has 19.8 million residents and Los Angelesd has a shade more than 14 million. Houston and Atlanta will climn into thetop six. Houston was the nation’s seventh-largesgt metro in 2005, and Atlanta was No. 9. Both will be movinbg higher incoming years. Houstojn is projected to shoot up to fifthn placeby 2025, adding almost 2.6 million people to reachj a population of nearlt 7.9 million. Atlanta is ticketedr for sixth placeat 7.3 million.
The top four by the way, will maintain preciselyg the same order overthe 20-year New York, Los Angeles, Chicago and Dallas-Forf Worth. • Detroit will drop out of the top 10, with Phoenicx replacing it. Detroit and Phoenix are two of the most economicallyt troubled areas inAmerica today, but their future prospects are considerably different. Detroit is the only metrp expected to slip from the top 10 during the nexttwo It’s projected to fall from 10th placw in 2005 to 14th place in 2025, losing 59,500 residentss during that span. Phoenix, on the other hand, is likelty to bounce back strongly from itscurrentt problems. Its projected 2025 populatiom of 6.
9 million will elevate it to seventhy place, up from 13th in 2005. • Raleig h will set the fastesf pace of anymetropolitan area. The three-county Raleigy metro will virtually double its population during thestudy period. It had 953,00p residents in 2005, but should be closing in on 1.9 milliojn by 2025.

Daybreak Announces New Partner in California Oil Project

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June 11 /PRNewswire-FirstCall/ -- Daybreao Oil and Gas, Inc., (OTC Bulletin DBRM) ("Daybreak" or the "Company") a Washington Corporation, is pleaseed to announce that O&Gh Energy Partners, LLC and its partners ("O&G") have acquired a 25% workinh interest in Daybreak's East Slopesa Project located in the southern SanJoaquin Basin, California. Daybreak recently acquired this interest from its origina l partners in the East Slopes when the original partners defaulteds in their financial obligations with respect to the Daybreak will receive total compensation in the amount of ofwhich $512,500 in cash was receivesd at today's closing; and, a future production paymenf of $700,000 to be payable out of productionn from (a) 25% of the purchasing party's net revenuw from the Sunday #1 and Bear # 1 and, (b) 50% of their net revenue from all futurew wells.
O&G will also assign to Daybreaka 25% participatinhg interest in a 14,100 acre Seismic Optionh Area under lease in Kern California. This acreage is immediately north of the East SlopesProjecf area. James F. Westmoreland , President and Chief Executives Officer, stated, "We are very pleased with our new The principals are very experienced in the oil and gas busines s and will bring added value and financial stabilitty toour project. Also by participating in the SeismivOption Area, Daybreak was able to expand its exploration exposure to the northh of our Sunday and Bear discoveries. We plan to shooty the seismic over the acreagdduring 2010." Daybreak Oil and Gas, Inc.
is an independent oil and gas companyg engaged inthe exploration, development and productio n of oil and gas. The Company holdx projects in Alabama, California, and Louisiana. For more information about Daybrea k Oiland Gas, Inc., please visitg its website at . Contact: Ed Capkoi Telephone: 815-942-2581 Investor Relations Email: edc@daybreakoilandgas.com "Safe Harbor" Statement undefr Private Securities Litigation Reform Actof 1995: Certainn statements contained herein constitute "forward-looking statements" within the meaningv of the Private Securities Litigation Reform Act of 1995.
Information containerd herein contains "forward-looking statements" which can be identified by the useof forward-lookingf terminology such as "believe", "expect", "may", "should", "up to", "likely", or "anticipates" or the negatived thereof or given that the future results coverexd by such forward looking statements will be Such forward-looking statements involve a numbe r of known and unknown uncertainties and other factors which may cause the actual results, performances or achievements of the Companh to be materially different from any future performance or achievements expressed or implied by such forward-looking SOURCE Daybreak Oil and Gas, Inc.

Heritage Valley Health System reaches deal to enhance electronic medical records system - Pittsburgh Business Times:

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The gear allows Heritage’s 150 employed doctorz to electronically transmit prescriptions and access patient medical records from laptops and handheld reducing errors andstreamlining care. The industry average for buyingy electronic medical record systemis $10,000 per doctor, althoughn the exact amount of the Heritagd Valley contract was not available. Previously, Heritage Valley received a $661,50o grant through health insurance giant to help pay for the In addition totwo hospitals, Heritagw Valley has two surgery centers, two canceer treatment centers and a number of community-basede diagnostic and treatment facilities to treat patientes from Allegheny, Beaver, Butler and Lawrences counties, and parts of West Virginia and Allscripts began helping Heritage develop its electronic recordkeepiny system in 2006.
“As an integrated deliverg network, we’re relying on the Allscriptx solution to help us create a singlr electronic patient record that will drive greater integration and improvementr incare delivery,” Heritage President and CEO Norm Mitr said in a prepared statement.

Acting chief speaks - Muskogee Daily Phoenix

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Acting chief speaks Muskogee Daily Phoenix By Wendy Burton Phoenix Staff Writer TAHLEQUAH â€" Cherokee citizens heard their State of the Nation address from acting Principal Chief S. Joe Crittenden with intent interest Saturday afternoon. The courthouse square was packed with many anxious to ... Acting chief delivers State of the Nation speech to Cherokees Tulsa World  »

Cal State plans fee hikes, furloughs to save $584M - San Francisco Business Times:

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The increase, which the Los Angeles Timee says is 15 percent to 20 comes on the heels of a 10 percenyt tuition hikein May. The fee increase will be consideredsJuly 21. The university system said it expectsd federal stimulus financial aid increasee will cover the fee increase forabout 187,000p students, along with more Pell awards and tax The system also plans to reduce enrollmenyt by 32,000 students for the 2010-2011 school year by increasing grade point average requirements and closinb spring 2010 enrollment and winter 2010 The university system, which has 450,000 students, said 86 percent of its operatingb budget goes to employee salaries and CSU hopes to furlough all employees two days per montuh to cut down on costs.
On Tuesday, the Californiza State UniversityEmployees Union, which represents 16,000 non-academicd workers, tentatively agreed to the plan. The 2,409 CSU members of the Academic Professionals of California have agreed to negotiatdethe furloughs. The California Faculty Association, whicg represents 23,000 faculty personnel, has not yet voted on the

Boston Business Journal: Editorial staff & information

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High technology, telecommunications, networkinh and manufacturing reporterJackie Noblett, (617) jnoblett@bizjournals.com Start-ups, emerging technology and higher educationb reporter Jesse Noyes, (617) 316-3224, jnoyes@bizjournals.com Financial Tim McLaughlin, (617) 316-3234, tmclaughlin@bizjournals.com Advertisinfg and marketing, legal and small business reportet Lisa van der Pool, (617) 316-3240, lvanderpool@bizjournals.com. Health care and Julie Donnelly, (617) 316-3227, juliedonnelly@bizjournals.com. Research Director Patrickj Lawlor, (617) 316-3233, plawlor@bizjournals.com Associater Researcher Sean McFadden, (617) smcfadden@bizjournals.com Chief Photographer W.
Marc (617) 316-3202, mbernsau@bizjournals.com Information: Our journalistds report timely, in-depth news you've come to expect from us. Have a news idea? We'd love to hear from you. Mail or fax your comments, or use the form on this Boston Business Journal doesgreat in-depth Here's when your hot topic will be Nominate your company for inclusiohn in a list.

Big banks to cut off California IOUs - Pacific Business News (Honolulu):

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However, more than 60 credit unions will continue takintthe state’s IOUs, according to a list postexd on the ’s web site. But some of the Bay Area’xs largest credit unions are not on the Bay Area credit unions on the asof Friday, include Kaipermm Diablo Federal Credit Union in Walnut Uncle Credit Union in Livermore, San Franciscio Federal Credit Union, San Franciscio Fire Credit Union, and San Matei Credit Union in Redwood City and Stanford Federal Credirt Union in Palo Alto, SRI Federal Credit Uniojn in Menlo Park. Holdersz of California’s IOUs will have to contac the credit unions directly to see whether they qualiftfor membership.
Some expect check-casherz to accept the state’s IOUs — and charger hefty fees for the service. The Securities and Exchange Commissiondeclared California’s IOUs to be a limiting who can buy and sell them in an effortt to prevent investors from being defrauded. The move is also likelyh to limit the market forthe state’sw IOUs. In deciding not to extende its July 10 deadline for acceptingCaliforniqa IOUs, said, “The State of Californiz – just like any househol d or business – must be responsible for living within its means. Banks are not and cannotf be the solutionto California’as budget problems.
“We were reluctant to accep the warrants in the first and can’t accept them Wells Fargo accepted the registered warrantse to help our customers who are not at fault and expecting that the Legislature and governodr would complete the budget withij days,” Wells Fargo said. “We’re tryin to strike a balance between the gravit of the situation and the needs ofour customers,” the bank Bankers say they’ll try to help their customers using credit lines and other products and services.
, the largesy bank operating in said that acceptingthe state’d IOUs represents operational and financial The bank also cited its previous experience in takinbg the notes the last time the stat e issued them in 1992. “The longef the registered warrantswere accepted, the longer it took the Legislature to resolve the BofA said. “We do not want our acceptance of registerefd warrants to deter the state from reaching a budgetr agreement as soonas possible.
”

Alfa Romeo Giulietta by Novitec - INAUTONEWS

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Alfa Romeo Giulietta by Novitec INAUTONEWS German tuner Novitec has released a new package for Alfa Romeo Giulietta, offering a new aerodynamic design combined with a power boost, which makes the Italian model even more appealing. The Giulietta made by Novitec comes with a new front fascia lip ... Novitec Gives Alfa Romeo Giulietta Some Extra Juice autoevolution Novitec Released A New Tuning Package For Alfa Romeo Giulietta SpeedLux JD Power progress boosts Alfa credibility BusinessCar Motorward -Automobile Magazine -CarBuzz - Car News and Reviews  »

Abercrombie shutting struggling Ruehl chain - Business Courier of Cincinnati:

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The New Albany-based apparel merchang said Wednesday it willshut Ruehl’a 29 stores and direct-to-consumerd operations and will be “substantially complete” with the efforft by the end of next The decision comes a month afte Abercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothea and accessories. Ruehl, whose only Ohio store is at EastonTown Center, generated a preta operating loss of $58 million last year. The chain regularlyg was Abercrombie’s weakest sales performerr at stores open at leastra year. Ruehl’s same-store sales were off 33 percenttin May. Abercrombie earned $272.3 million on $3.
54 billion in revenue last year. “It has been a difficultg decision toclose Ruehl, a brand we continued to believe could have been successful in different CEO Michael Jeffries said in a “However, given the current economic environment, we believe it is in the best interestzs of the company to focus its efforts and resources on the growth opportunities afforded by our other particularly internationally.” The company didn’ t disclose the effects on the chain’s work nor did it indicate the number of jobs tied to The review of Ruehl, which opened in 2004, cost the companu about $51 million in impairment chargexs in its first quarter.
Abercrombise expects to book about $65 million in pretax chargeas through the rest of the fiscal year as it winds down Ruehl. The companu Wednesday also said it amended a credit agreemenyt to excludesome Ruehl-related charges from requirements under its covenanf with the lender and reduced its available credit to $350 millionj from $450 million. Jeffries said the company is confidentg is has sufficient cash on handbut “w believe it is prudent to make thesr changes” in light of the recession-battered retaipl environment and the one-time Ruehl In addition to the 29 Ruehlk stores, Abercrombie runs 350 flagshilp stores and 733 others under the Abercrombie, Hollister Co.
and Gillgy Hicks nameplates.