HVCC moves 2 programs to Rensselaer Tech Park - South Florida Business Journal:

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The Troy college recently signeda 10-yea r lease with 400 Jordaj Road LLC. The school will pay approximately $605,000 a year to lease 36,557 square feet of space. Hudson Valley’sd popular paramedic program will occupy about half of the new The school also will move its respiratort care program and a that trains employeeds forarea businesses, accordingb to Stephen Cowan, directoer of the college’s physical The remainder of the leased space will house ’s Next Step a communications worker training programm coordinated by the college.
Thoswe departments all currently are locateed inHudson Valley’s 90,000-square-foot Hy Rosenbluj Administration Center, a 1940s era building that Cowanm said needs major renovations. “It’s a tired old We are looking at total renovationwor demolition,” he said. But the college decided to leas e space from the through 400 Jordan Road LLC for 10 yearx while the college decides whether it should overhaul or tear down the HyRosenblumm building. The college continues to but because of the economy it does not have the money to renovate the current buildingright now, Cowanh said.
Hudson Valley is planning to hire a consulting firm this summer to help officialsd decide the most cost effective way to deal with theRosenblunm building. helped Hudson Valley negotiateedthe lease. The college plans to have the four programz and departments moved into the new space in North Greenbush beforre the start of classeson Aug. 31. The buildingy previously had been used as office spacse forVerizon workers, Cowan said.

Suspects in tourism organization scam due to face prosecutor - Kathimerini

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Kathimerini

Suspects in tourism organization scam due to face prosecutor Kathimerini Five suspects arrested earlier this week after they allegedly attempted to extract money from the Greek National Tourism Organization (GNTO) are due to face a prosecutor on Friday. Meanwhile, a team of inspectors from the General State Accounting ...

Caparella resigns Gaylord COO post - Nashville Business Journal:

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The Nashville-based hotelier didn’t say why Caparellaa had resigned. Gaylord says David Kloeppel, currently chief financial officerrand president, will take on an expanded role and oversee operations as well as sales, marketing, developmen and information technology. Treasurer Mark Fioravanti is beinv promoted to chieffinancial officer. “John's departure has given us an opportunit y to move forward with our ongoingf effort to streamline our management structure while taking advantagd of the strength of ourexisting executives,” says Colim Reed, Gaylord chairman and CEO in a Reed says Kloeppel led the chargre in several areas of businesws that helped the company maintain strong margins and preserves revenue during a very difficult economicd environment.
Reed says Kloeppel’s guidance helped to shift the focux of the sales team to fill the occupancyu gaps openedby cancellations. Reed adds that Fioravanti was instrumentao in extending the maturities ofthe company’s credit which Reed calls a difficult task in the toughy lending environment.

QinetiQ signs lease in Reston - Minneapolis / St. Paul Business Journal:

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As the incoming lead tenant inthe 196,000 square-foot Class A office building at 11091 Sunset Hille Road in Reston, its 11-year lease starts later this McLean-based QinetiQ North America, a subsidiary of London-basedc QinetiQ that offers technology-based defens e and security products and services to the government, said its 42-percent revenue growth over its last fiscalo year has partly been due to its role in the intelligencse and cyber security markets and new work with the Departmeny of Homeland Security and It will be the fifth U.S. office for the which is also in Fairfax, Ala. and Waltham, Mass.
The tenant was represented by Robb Johnson andDee MacDonald-Miller of Jones Lang Vardell Realty Investments LLC was represented by Mike Shuler, Rob Walters and Nate Krilpl of Millennium Realty Advisors LLC. Initially, 400 program management-type employees be relocating from various offices in Fairfac County into theReston building. Down the road in 2011 or the number of employees at the site will doubl eto 800. Out of the 400 moving in, 75 will be part of QinetiQ’d technology solutions group and the other 325 will be part of its missiohnsolutions group.
“Like any companyy trying to attract andretain high-quality people, we were lookint for more than just a This building has environmentally-friendly features the new generationb of employees is looking for,” said Matthews Warnock, director of publid relations at QinetiQ. He said the buildinh will also help cut down onoverhead “by a great with expected savings of 65 to 70 perceng on power consumption througuh the use of virtualization software and greej technology to reduce heating and utility He adds that the building sits rightr off a bike trail and was built on an east-to-west access, which means employeesz can take advantage of a full day of sunlighf and cut down on electricity.

Nutrient-sensing enzymes key to starvation response and survival in newborn ... - EurekAlert (press release)

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Sunday, December 23, 2012

Power pair finds ways to share - Silicon Valley / San Jose Business Journal:

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The Saratoga couple recently donated $1 milliob to Georgia State Sandra's alma mater, and together they are forging a new modelk foractive giving. The Bergeron Women in Technologhy Leadership Fund will fund five women withleadershio potential, and also offer strategic mentoring using a team of femaled role models. "We can't change the world like the Gatea Foundation...but we can change a person's says soft-spoken Sandra, chairman of the board of Tracew Security, a security compliance company basecd inBaton Rouge. The Southern native, whose accent emerges when she talks of is a surprisingly youthful leader in the fielrd ofcomputer security.
"Georgia State is not an Ivy Leaguse school with billions of dollarsof endowments," says her "We think we can be more impactful by directingy our educational philanthropy to places like Georgia State where the need is most Doug Bergeron is chairman and CEO of San Jose-basede , a provider of securse electronic payment technology, who made his fortun e by orchestrating a shrewe acquisition of VeriFone from in 2001 for $50 The company went public in 2005 and has seen revenus increase threefold. Today it is worth over $2 billion Both Bergerons know how hard it is to put yourseltfthrough college.
She worked evenings and weekends as a supermarket cashierin Atlanta; he played the accordion for weddings and bar mitzvahw in Windsor, Ontario. "I' the product of state schools," says Doug. "My dad was in a my mom an Avon lady. Both Sandra and I got where we got by scratchingand clawing." But it took more than animal instincts. Colleagues talk of his innovativs approach andstrategic outlook. "He puts together some remarkablsbusiness combinations," says Les Denend, a VeriFone board referring to the acquisition last Novembee of Israel-based Lipman Electronic "He's self-confident and so he always offers a challenging conversation.
" In Sandra's fate also played a role in her rise from modestf beginnings. As a teenager, when her high schoo closed, the reshuffle placed her in the "rich school. Unused to mixinvg with the children of doctors and she felt like the kid from the wrongf side ofthe tracks, yet the challenger motivated her. "It was intimidating and also validating, because I realize d I was as smart as Sandra says. She never looked went on to get her businessdegree (with a majorr in information systems) and an MBA. She emerged from college thinking, "there's nothing a man can do that I can't do...I can accomplish anything in business.
" She soon foundr her niche in softwarr design and was workinyg at in 1995 when it was acquiredby , the online security powerhouse. "This was during the evolutioj of hacking, viruses, phishing...and I was in the midstg of it," says Sandra, whose colleagues describe heras hard-core during this period, livin g on a plane. She worked flat out over the next eight gaining a reputationfor excellence. For the last four she has been partof U.S. Rep. Mike Honda' s aviation security task force and testified before the Housed Sciences Committee of US Congress in 2000 on the effect s of theLoveBug Virus.
But it was in 2002, at the Palo Alto law officeds ofWilson Sonsini, during negotiations for a potentialo acquisition, that the real love bug begahn to bite. Doug declined to purchase the companyg Sandra wasselling ("no hard it was business"); but they later foune that they had more in common than just The couple married in 2003 and have had threes children in as many years. Although Sandrza says she has effectively she's still active on several boards. "As I tell 'I am the CEO of our I keep thingsrunning here, and spendr a lot of time with the she says.
"My board positions allow me this flexibility, but they also keep me involvefd in thebusiness world, which is really important to As chairman of the board for Traces Security, she is held in high regard. "She's absolutelu a visionary," says Peter Stewart, CEO of Tracse Security, who admits that in any company therde is a tendency to chase down the latesrt andgreatest ideas. "Shse keeps us focused on four to fiveyears She's not boisterous...her comments are always well thought out and strategic." Stewart has knowbn Sandra since they were colleagues at McAfee, and worked hard to recruitt her to the boar two years ago.
"The first time I met her, and asked how she was, she looker me directly in the eyesand said, 'kI couldn't be better,'" he says. "That's the kind of persoh you want to dobusinesds with...she's so sincere." And she's also very sincere about givint back.

Saturday, December 22, 2012

Coral reefs: Increased nutrient levels propagate bleaching - Global Adventures, LLC

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Nutrient-sensing enzymes key to starvation response and survival in newborn ... EurekAlert (press release) Whitehead Institute researchers have discovered that a family of nutrient-sensing enzymes, dubbed Rag GTPases, modulates the activity of the mTORC1 protein complex, whose inhibition is essential for autophagy and survival in newborns. The finding ... and more »

Global Adventures, LLC

Coral reefs: Increased nutrient levels propagate bleaching Global Adventures, LLC Southampton (global-adventures.us): Increased levels of nutrients in the water column can increase the susceptibility of corals to f »

NTS buys Plainview Apartments - Nashville Business Journal:

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Financing for the purchase, whichb was made through an NTS affiliate, , was providedd by the , according to a news release. The purchaser price was not disclosed. The previoux owner was PlainviewApartmentsz LP, a Denver-based investment partnership, according to online records from the Jeffersobn County Property Valuation Administrator and the Kentuckyt Secretary of State. Its assesse d value for tax purposesis $9.7 million, accordinbg to the PVA Web site. Occupancy at the time of the purchased was about94 percent, the releaser said.
NTS plans to enhance and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainviewplanned community, which includes 800 single-family homes, more than 1,009 apartments, 500 town homes, multiple shopping centersa and nearly 2 million square feet of offics space. NTS began construction and development of theplanned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliatesz now own four apartment communitiesin Louisville. Its other holdingds in the area are HurstbourneGrandr Apartments, The Overlook at St. Thomaz and The Willows of Plainview.
NTS also managews 14 other apartment communities and 31 commercial properties with more than 5 millionn feetof office, retail and warehouss space in the Southeast.

Ukraine's pursuit of Harry Redknapp hastened Mark Hughes's QPR exit - The Guardian

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The Guardian

Ukraine's pursuit of Harry Redknapp hastened Mark Hughes's QPR exit The Guardian Ukraine's pursuit of Harry Redknapp hastened Mark Hughes's QPR exit. • QPR chairman admits Ukraine rumours forced him to act • 'If he wasn't available I would have persevered with Mark'. Share · Tweet this. Email. Press Association. guardian.co.uk ... and more »

Tenth Colorado bank borrows through TARP - Denver Business Journal:

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The Granby-based bank holding company, parent of Grandf Mountain Bank, is the 10th Colorado company to participater in the CapitalPurchase Program, whicyh began last fall. Part of the federal Troubled Asset RelieProgram (TARP), it’s a voluntargy program under which healthy banks sell preferredx equity shares to the government. Hundredws of banks around the country currentlg participate inthe program, including the following in Colorado: COBZ), based in Denver, parent of Colorad o Business Bank, which received $64.5 million. Bankers’ Bank of the West Denver, parent of Banker’s Bank of the $12.6 million. First Western Financial Inc.
, Denver, parent of First Western Bank and Trust, $8.6 ColoEast Bankshares, Lamar, parent of Colorado East Bank & $10 million. Columbine Capital Buena Vista, parent of Collegiate Peaks Bank, $2.3 million. First Southwesr Bancorporation, Alamosa, parent of , $5.5 Alpine Banks of Glenwood Springs, $70 million. Millennium Bancorp, Edwards, parent of Millennium Bank, $7.26 million. Omega Capitapl Corp., Lakewood, parent of Front Rangew Bank, $2.8 million. Meanwhile, Aurora Loan Servicese LLC of Littleton hasreceived $798 millioj so far through another U.S. Treasuryy program that provides incentives for lenderz to modify home mortgagwe loans held bystruggling borrowers.

Saint Louis Art Museum lays off staff - St. Louis Business Journal:

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The affected workers were from across all museum functions and represent less than 10 percent of thetotakl full-time work force, according to Jennifer Stoffel director of external affaira for the museum. As of April, the museumn had 179 full-time employees and 107 part-time employees. The stafv reductions come after two roundsof buyouts. The museuk in April to 19 staff members eligibler for full orearly retirement. Four have Twelve workers accepted an early retirement offetlast fall.
The museum said in that it face a varietyof challenges, includingf a decline in revenue from the Metropolitan Zoological Park and Museum District, reduced funding from its lower levels of annual giving, lower income from its shop and and a drop in attendance due to the closure of Interstate 64 and the Hampton Avenuse overpass. The institution’s endowment droppesd to $63.6 million as of Feb. 28, down from $87 million on Aug. 31, 2008.

Huge tracts of Georgia land going on market - South Florida Business Journal:

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Austin, Texas-based Forestar (NYSE: FOR) wantsa to sell 175,000 acres, with much of that in rural partss of the state around to helpcut $150 million in debt and raise enougjh cash to repurchase up to 20 percen t of its outstanding The tracts are basically made up of the 2 million-acrse timberland portfolio owned by its former parent, the papeer giant Forestar, the real estate businesws for Temple-Inland, was spun off from the companhy in 2007. Forestar may find buyers lookingv for land at a National home builders are scouting and buying lots in Georgiat fire-sale prices. LLC, , , LLC and othere have either bought lots or are scouting for lots in themetrko market.
LLC has also been scooping up tracte acrossthe Southeast, including Florida. Forestar will likely have to consider selling its land atdiscounted rates, though the company declinef to get into the matter. “No questiom Georgia is going to be key to our said Forestar Chief Financial OfficerChristopher Nines. “All this is driven by our goalsw of improving the balance sheet and to repurchase shares andreduce debt.” In 2007, Foresta sold 2,617 acres of undeveloped land at an average price of $6,700 per acre. In it sold about 6,000 acres of undeveloped land with an average priced ofabout $4,800 per acre.
Forestar’s plan will be testec by the housing slump and much tighter lending In its annual report filed with thein March, Forestat said the current turmoil in the credit markets couldx limit demand for its productxs and affect the availability of credit. Its real estatde segment revenue declined in 2008 toaboutg $99 million, versus $143 millionj in 2007 and $180 million in 2006. Net incomde was basically cut in half last from $25 million, or 70 cents per share, in 2007 to $12 or $33 per share, in 2008. The company reportes increasing expenses because of higher debt levels and greaterborrowinh costs.
Forestar is also trying to fend off a takeover bid from Georgia timber baron and Hogansville nativde Holland Ware to acquire the companufor $15 per share. Forestar’s board of director s recently said the bid significantly undervalues the Forestar hasretained Goldman, Sachs Co. as financial The shares have fallen from a highof $27.30 durinyg the past year and have been tradiny between about $6 and $8 a share in Forestar has a long history in residential and commercia real estate development.
Its primary operations are in but last year it ramped up its Atlanta office by hiringbseveral well-known names in Georgia real estate and state government, including Michael formerly of ’s land and Glenn Cornell, former commissioner of the . Tom formerly of — once owneds by Temple-Inland — overseesw Forestar’s East region, which includes Even though it’s one of the toughesf residential real estate markets indecades — in which suburba n sites remain undeveloped and difficult to Forestar said it liked its land holdingw in Georgia because of the state’x projected population growth.
It has severao giant projects in the early stages of developmenftin Georgia, including Wolf Creek in Carrolll and Douglas counties, where it is seeking zoning and other entitlements on 12,230 Forestar is seeking to sell only undevelopedr tracts and will not look to shed properties where it has already begun seekinfg entitlements, Nines said.

Jacksonville congressmen rally to rescue Alenia military plane factory - Jacksonville Business Journal:

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The fate of Alenia North America’s planned facility was throwj into a tailspin aftere a congressional newspaper reporteed that Secretary of DefenseRobert Gates’ yet-to-be-releasedd budget calls for buying only 38 planes, instead of the 78 planese planned initially. The Italian planed maker decided to postpone a groundbreaking on the which would employ300 people, until Gates releasez his budget in early May. Rep. Clifg Stearns, R-Ocala, Rep. Ander Crenshaw, R-Jacksonville, and Rep. Corrinw Brown, D-Jacksonville, argue that if the order of C-27n Spartans is cut, the Army Nationakl Guard wouldbe hurt.
The militar y needs the C-27Js to meet logistical needd and respond todomestic disasters, proponents The C-27J fits into Gates’ new visioj of a more versatile military, able to fighf small wars instead of ramping up for the “big showdown,” said Bob Simpson, the ’s seniodr director of Cecil Field. Alenia spokesman Ben Stonw saidthe plane’s flexibility still enablex it to perform in the traditional warfare of fixe armies.
“The C-27J is a very flexible platformm that is capable of performingmany missions, from disaster responss to traditional paratrooper drops to cargo haul to insertion of smalk teams of special forces into very remote areas, such as mountainous regions in Afghanistan,” Stone said. In a lettef to Gates, Stearns argued that the Army’s C-23 Sherpa can’ t handle medical evacuation missions or transport moderncargoo pallets, forcing the Army to use CH-467 Chinook helicopters to handle missione they weren’t designed for. The C-27J is equipped to transpor t supplies and not just troops like the It is also three times faster than the Stone said.
One of the C-27J’s greatestr assets is its requirement of lessthan 1,50 feet of runway to land, which is half what the C130-k Super Hercules, the military’z most popular cargo plane, needs. Plus, the $30 millio C-27J costs about half of what the C-130J The C-27J’s operating cost of $1,000 per hour is a third of the C-130J’s operating cost, Stone Stearns wrote in his letter to Gates that cuttingb orders on the planes would go againsft the Departmentof Defense’s 2009 Quadrennial Roles and Missions Reviewa Report that found “the option that providecd the most value to the joint forcre was to assign the C-27J to both the Air Force and Simpson said the planes are expected to go to Air Nationak Guards in states ranging from Alaska to Rhode Florida Army and Air National Guard spokesman Ron Tittlse said his operations expected to receive the C-27J, but are waiting to hear from the department on whether it’s still a go.
Alenia, whicnh is a subsidiary of Italy-based ., could also produce the planesz forforeign governments, such as Canada and the Czechn Republic, said Mario Capitelli, the head of the The planes have alreadyt been sold to Lithuania, Bulgaria, Italy, Romania, Greece and Simpson said Cecil Field losing the Aleniqa facility would be a blow, but it wouldn’t stop it from pursuing other tenants. The situation was a “lot of behind-the-scenes talking,” whereasx the previous loss of a Brazilian plane manufacturer was due to badplaned designs.
was planning on building an assembly plant forthe next-generatiobn military spy plane, but plans got shelve d when the Army canceled an $879 million desig n contract with in 2006. The reason: the planew could not house theelectronics system. Ceciol Field is faring better than mostaviation markets, Simpso n said. “The pulse of Cecil Field is if not better than we were last Simpson said. “Government work is pretty but you can read the changeof administration.” It is uncertainj whether Gates’ budget will impact work at the Fleet Readinessx Center Southeast, a tenant of Nava l Air Station Jacksonville.
Because it is for the AustralianmDefense Force, the center’s newest contractf to overhaul engines as part of Inc.’w $300 million, 12-year contracft isn’t expected to be affected. manufacturing and flight test centerin St. Augustine doesn’tf expect to lose any business dueto Gates’ largely because the U.S. Navy needs its E-2 Hawkeyes to protect its saidRick Matthews, the site’s manager. “I thinjk the [Department of is going to go right alongy with whatthe [U.S.] Navy he said. The E-2 is the carrier’s “eye in the as it can see within at leasta 200-milew radius of the ship, Northrop Grumman spokeswoman Diannee Moyik-Baumert said.
The facility, which employs about 900, is waitint to hear from the department on whether it canbegin low-rate production on the latest version of the E-2, the E-2D Advanced Matthews said the facility was in the trough of a naturaol business cycle, with about 500 employees less than it had in late 2004. But the peak s are expected to be reached againj in late 2011 when the design and developmenft work becomesmanufacturing work.

N.C. travel: Motorists down, airlines up - Washington Business Journal:

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Economic troubles, unemployment and uncertainty about the future are expected to spura 2.7 percent drop in expected motoristzs this holiday weekend from 971,000 in 2008 to 945,000 in 2009. This markzs the second straight year July 4th traveklhas declined. The announcement follows 10 consecutivwe days of decreasinggasoline prices, from a state averagse of $2.66 per gallon on June 20 to $2.6q1 per gallon on June 30. Currently, the lowesrt average gasoline prices in the state can be foundc in High Pointat $2.523 per gallon, while the highest can be founfd in Durham at $2.66.
Nonetheless, the overall 61-centg increase in average prices over the last 61 days appeare to be keeping travelers offthe road. Instead, many will turn to air traveplthis weekend, with 59,000 passengers takiny flight across the state — a 5.4 percengt increase from 56,000 during the holiday weekend in 2008.

Report: N. Texas a top 10 market for jobs needing a security clearance - Dallas Business Journal:

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, an online Internet job postinv board for professionals withsecurity clearance, is a subsidiary of Des Moines, Iowa-based In its latesrt report, ClearanceJobs.com says Texasz professionals with security clearancesd saw their average salary jump from $60,252w in 2007 to $64,207 last year. Specifiv pay information about Dallas/Fort Worth workerw was not available, but the report did note that Northu Texas is among the top 10 regions in the nation for this kind of Professionals with security clearances are finding that the dynamics of suppluy and demand are working in their favor with employees seeking them out in a marketf where security clearances are stillp an uncommon trait and one that is particularly wantes in areas such asWashington D.
C. and northerj Virginia. “The turbulent economy has put a governor on the growthj rate of salaries for security cleared saidEvan Lesser, founde r and director of ClearanceJobs.com. “However, there is no shortage of security-cleared careetr opportunities both in and outsidethe D.C. corridor.”

Down equity markets yield investors, opportunities for third Anchorage Angels fund - Baltimore Business Journal:

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And, he said, this might be one of the most promising periodwsfor early-stage investment group such as his Anchorages Angels. Anchorage Angels recentlh closed itsthird fund, Anchorage Angelsz III LLC, said Chapman, who is managing member of the 10-year-old private investment fund. Althoughu Chapman declined to give specifics, he described Anchorage Angels III as the largest of the three funds createdsince 2000, with well over $1 million raised. Chapman said that although there are no immediatse plans for anadditional series, the fund “haes flexibility to increase its size.
” Tough but big opportunities Anchorag Angels III already has investexd in six companies, which he declined to The new fund will invest acrosz the United States, Chapman said. Anchorage Angels’ typical maximum investment isabout $150,000o to limit the exposure in individualk companies, he said. But it has invested as much as $200,00 in a single company through multiple funding roundz and as littleas $25,000. So how hard is it to get investorz to fork over perhaps hundreds of thousandx of dollars during what might be the depths of the worsty downturnsince 1929? Tough, Chapmanj said. “It’s extremely difficult to raise moneg inthis market,” he said.
It takes with endless meetingsand negotiations, Chapman said. “But we have a We have a track record of making money in realltycrummy environments.” The 2009 investing environment is “the of when Anchorage Angels raised its first money in he said. During that go-go environment, with the possibility of takingbcompanies public, there were lots of deals, and all them were Chapman said. That is, there was so much investoer money chasing deals that the terms were not as favorablefor “What you see (now) are very interesting tech playds at very interesting valuations,” he said.
Valuations are lower, dealsz are plentiful and management teams are better and more he said. Another difference from past years is that moreinvestorws — many of whom have become disillusionedd with public-equity markets — are comingy to Anchorage Angels to learn the private-capitak business. “They say, ‘I sold my I have cash to and I want to learn how this gameis ” Chapman said.
There’s a wealtn of opportunity right now for entrepreneursin early-stage including in health care and said Sean O’Leary, co-founder and CEO of Louisville-basec Genscape tracks utility energy outputy for brokers, and it’s one of the companies in whic h Anchorage Angels invested. The recession has meant that a lot of professionales havebeen “forced to thinkl about what to do with theit lives, and they’re talking risks they wouldn’gt ordinarily be taking,” starting new said O’Leary, who also is a currentg Anchorage Angels investor.

Wells Fargo mortgage program restores property values - Baltimore Business Journal:

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launched a loan program in theSoutheastg U.S. this year that attempts to addresathe issue. Dubbed Remodel Express, the program offers homebuyerws loans for up to 110 percent of thepurchasee price. Buyers must spend 10 percentg of the loanon renovations, and the loansx can cover up to $35,000 worth of home improvements. The idea of offeringt a mortgage bigger than the markert value of ahouse isn’t new. The has provided the optio for years throughits 203(k) renovatiomn program. But the concept has gained greater interest as the number of abandonefdproperties grows.
“When people have to leave a they often leaveit damaged,” said Gina Duncan, manager of Well s Fargo’s Maitland office. “With all the foreclosures and short salesdgoing on, this is becoming a real The Remodel Express program considere the value of similar occupied housee in a neighborhood. If the house being sold is worty less due to its Wells Fargo’s program would allows the buyer to borrow extrqa money for repairs that would restore its There’s a caveat: To qualifyg for the extra cash, the purchaserd must have a contract with the remodeling departmenyt at Home Depot, Sears or Lowe’s.
In addition, borrower need a credit score of at leasty 700 and must make a down payment of at least 3 percenyt of thesale price. The insuresx the loans as long as the repairsx or improvementsare made. A 3 percent down or 3.5 percent if purchased next year, is attractivr when compared withthe 10-20 percent normally required, said Travis Gibbon, a LLC home mortgagee consultant in Jacksonville. The company is an affiliatr of Wells FargoHome Mortgage. Bank of JP Morgan Chase and Countrywide also offertthe loans, and their usage has increasedd in the last year but it hasn’ty been dramatic, said Nick Shelley, director of the federapl housing agency’s Jacksonville office.
About 100 loans were issued in Floridaz infiscal 2008, compared to 25 the year James Batenchuk, manager broker with in Orlando, said establishingy an accurate value for foreclosexd and short-sold properties is difficult, but he applauded the program. “Anything someond does to stimulate the market is a good Corey Sawyer, a loan officer with in said the Wells Fargo program is a good “Making improvements could help stabilize prices in neighborhoodz where prices are falling.
It’as good for the buyer who wanta to restore a houseand it’zs good for the If this works, I’k sure other lenders will

Wal-Mart to hire 22,000 - Kansas City Business Journal:

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Wal-Mart's announcement came on a day the government released mildly encouraging weeklyunemployment figures. But it also hit as the retaio industry reported some overalldismall results, with same store sales figures fallingy an average of 4.8 percent for May. The discounf retail giant it willhire 22,000o people to staff new or expanded stores this "During this difficult economic time, we're proud to be able to creatwe quality jobs for thousands of Americans this year," Eduardk Castro-Wright, vice chairman of , said in a But even Wal-Mart isn’t hiring at the same pace it has in the The Bentonville, Ark.-based retailerr added 33,000 jobs in the U.S.
last Still, Wal-Mart’s low prices on everythingf from food to electronics have allowed it to gain markert share and have kept it positioned asthe nation’e number one retailer. Unlike its Wal-Mart did not release monthly sales figures, instead focusingv its attention on itshiring Wal-Mart’s announcement, on the eve of its annuall shareholder’s meeting, came as the U.S. Labor Departmentf released jobless figures showing the recession may be losinyg at least some of its Initial for state unemploymentfell 4,000 to 621,000 in the week that endex May 30. That’s the thir d straight week fewer workerss filednew claims.
And the tallu of claims drawn by workers for more than one week in the week endeed May 23fell 15,000 to 6,735,000 -- the firsyt decline in that figure since Jan. 3. But that news isn’t exactly good. It’s just less bad than other and experts expectto come. Chief financialp officers polled recently by Duke University and CFO magazine expecg the recession to last through the endof 2009. CFOs in the U.S. and Europe expect unemploymen to keep rising in the next 12 perhaps to as high as 12percenr domestically.
Meanwhile, the nonfarm payrolls from the government Fridahy is expected toshow 550,00p jobs lost in May, and unemploymentg climbing above 9 While Wal-Mart announced its hiring other retailers reported for May same-store sales. Sale fell 4.8 percent at the 30 retailers tracked byThomson Reuters. Sales fell 6.1 percent at , sales fell more than 9 and sales dipped7 percent. Such pessimism adds weighr to Wal-Mart’s decision to keep on despite the fact that likeand Macy’s have slashe payrolls in recent months. Wal-Mart this year will from cashierw and sales associatesto pharmacists, human resource managers and customer servicee associates.
The company will add 1,0090 or more workers in California, Florida, Michigan, New Jersey, South Carolina, Utah and But the generally grim climate raises the Is anybody out there otherthan Wal-Mart on the hunt for new employees ? The answer in one major Southeast market is The reports that there are jobs to be had even in Bank of America’a hard-hit hometown, where local unemploymentt is over 11 percent. You just have to know where to look. “The defining featurre for who is hiring is not the size of the butquite frankly, what is that firm N.C.
State economist Mike Walden told thebusiness Notably, among the firms the Charlotte Businesse Journal cited as in the hiring game: discount retailers, just like

'Pacific Rim': Monster Destroys The Golden Gate Bridge In New Teaser For ... - Huffington Post

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Examiner.com

'Pacific Rim': Monster Destroys The Golden Gate Bridge In New Teaser For ... Huffington Post What is it about the Golden Gate Bridge that makes it a prime target for movie monsters? Is it the color? Nothing enrages a fearsome beast like "international orange." Or the location? Easy access to the Pacific creates a hasty retreat to the ocean 9;s ... Pacific Rim Viral Teaser Gives First Glimpse of Guillermo del Toro's Monster Epic E! Online Mysterious Pacific Rim clip arrives online (Video) Examiner.com 'Pacific Rim' viral marketing stunt provides first tantalizing glimpse of ... Entertainment Weekly (blog) Hollywood.com -TG Daily  »

J.C. Penney Company, Inc. Company Profile | JCP Company Information

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JCPenney is one of America'e leading retailers, operating 1,074 department stores throughout the Uniterd States andPuerto Rico, as well as one of the largesf apparel and home furnishing sites on the Internet, jcp.com, and the nation's largesft general merchandise catalog business. Through these integrated channels, JCPennet offers a wide array of national, private and exclusivee brands which reflectthe Company'sx commitment to providing customerss with style and quality at a smart Traded as "JCP" on the New York Stock the Company posted revenue of $19.9 billion in 2007 and is executing its strategic plan to be the growth leader in the retail industry.
Key to this strategy is JCPenney's "Every Day Matters" brand positioning, intended to generater deeper, more emotionally driveb relationships with customers by fully engagingthe Company's 155,000 Associates to offer provide ideas and inspire customers evert time they shop with

Despite crisis, less regulation is the answer - Dallas Business Journal:

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However, we need to be carefuk not to create, during timea of crisis, mechanisms that will continur to run once the crisis is To react too stronglyto today’s emergencies is to overreacgt far, far too strongly for tomorrow’s less-calamitousz environment. Let us not throw out free-market capitalisjm with the bath water. Pure capitalism existws nowhere, and it never has. The capitalisticd sea is adulterated with a good deal of socialistic sedimenty in the formof regulations, rules, laws and policiesx designed to protect the weak from the strong, the naïve from the cunninyg and the trusting from the And that is good — up to a point. We may have reachede that point.
We must decide whethee we will regulate in reaction to the excessive bonuses paid to Americabn InternationalGroup executives, the fraud perpetrated by Bernarcd Madoff and the folly exhibites by so many others, or whether we will folloe another strategy to preserve that which makes us and perhaps even makes us The wiser path points away from It leads us to a place where we can function well with our currenr level of government or maybe even less. It requirezs doing no damage to the capitalistic ideals upon which the countrywas founded. Instead, it strengthens those ideals, at the same time imposingf restraints of adifferent sort.
Clearly, free marketxs are not possible withunethicalp leadership. Ponzi schemes have no place in Neither do derivativesof mortgage-backed securitiees designed to maximize profity to their designers while imparting only confusion and, financial loss on their Improving the average business leader’s grasp on ethicxs would, by itself, end the debate over excessive pay, curtail conversation about expanding regulation of heretofore free-market enterprises such as hedge funds and quiet those callingv for even more Draconian government intervention in our And while ethics cannotf be regulated into existence, they can be essentiak components of a business education.
If students preparingv to embark on commercial careers are not taugh t to discern right from wrong as they learbn to differentiate between debitsand credits, they begin life with a significant handicap. We must stop teachingb only about thebottom line, and begin teaching also abougt the line between right and One objection is that it will take a generation to replace all the inadequately schoolex leaders in place today. What are we to do meanwhile??
Tinkering with rewards offers one Whatever the failings of their every executive reacts strongly to changez in the way their compensation is Basing pay and bonuses on doing what is right as much as or morethan bottom-line profits can changes the behavior of our business leaders and make them more responsible, more carinvg and more ethical. Obama’s ascension brought the expectatiohof change. But we should not disregard ourcapitalist traditions, our free-market beginnings and our adherences to the philosophies that have made us Instead, we need a renewed emphasis on teachiny those same traditions, along with a commitmeng to reward and train our future leaders.
If we don’tg exactly try capitalism in its purest we can at least chooswe between ethical leadership and more That is the change weall need.

Benefits Fight Brings Lesbian Couple to High Court - ABC News

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KOMO News

Benefits Fight Brings Lesbian Couple to High Court ABC News Like a lot of newlyweds, Karen Golinski was eager to enjoy the financial fruits of marriage. Within weeks of her wedding, she applied to add her spouse to her employer-sponsored health care plan, a move that would save the couple thousands of dollars a ...  »

Embarq, CenturyTel will become CenturyLink after merger - Birmingham Business Journal:

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billion sale to closes, expected this month. The rurapl phone companies on Tuesdayt announced the planned name and logo for thecombined company. CenturyLink will retain the CenturyTel (NYSE: CTL) trading “Our new brand name was selected becaus our customers and employees told us it reflected a company thatis forward-looking and committesd to linking the country together,” CenturyTel CEO Glen Post III, who also will be chiefv executive of CenturyLink, said in the release. The companyy will begin operating undee the new brand immediately upon closinghthe deal.
In the followinbg months, markets will be converted to the new with customers being notified in advance and the name beinfg added tocompany signs, vehicles and marketin materials. The logo is intended to represent the power of connecting people and businesses to one another and to new locallyand nationally, the release said. Overlancd Park-based Embarq (NYSE: EQ) and CenturyTel, based in Monroe, La., are from the — before the deal can close. The headquarters will be in A Denver brandconsulting agency, , helpec develop the new brandc strategy, name and logo, the releasew said. Together, the two companies will have aboutr 7.
5 million access more than 2 million broadband customers and morethan 400,000 videk subscribers. will . Embarq ranks No. 3 on the Kansas City Business Journal ’s list of area publicf companies.

Eddie Bauer would be area

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The Bellevue-based retailer has seen a mountain of losse and struggled with servicing its debt as saleds have dropped during theeconomicv downturn. According to several news sources, includint the Wall Street Journal and Bloomberg News Compan y executives have scrambled for months looking for relierffrom creditors. Eddie Baue (NASDAQ: EBHI) had reported having $268 million in outstandingg debt, including $193 million in term loans and $75 million in convertibles notes, which company executives have been tryingt to convert into shares ofthe “The single biggest issue facing this companu is our debt burden.
Our capitakl structure simply has too much debt for the economic realityh wenow face,” Eddie Bauer CEO Neil Fiskr told industry analysts in a May 14 conference according to a transcript. According to filings with the Securitiee andExchange Commission, Eddie Bauer had total assets of $525.22 million as of April. The company listed total liabilitiesof $448.90 million. Eddie Bauer reported net lossesof $165.5 milliojn in fiscal year 2008, part of a total of $478.7y million in losses during the past threwe fiscal years. In the first quarter that endedcin April, the company reported net lossez of 44.5 million.
Greg an Atlanta-based consultant for Conway MacKenziew who works with financially stressed retailers lookingto restructure, said Eddis Bauer is facing the same recession-related issues as most other retailers in this Sales are down and so is The big difference for some retailerds — like Eddie Bauer — is that as revenue has tanked the company’s heavh debt becomes more difficult to he said. “Virtually every retailer is experiencing the same thinh asEddie Bauer,” Charleston said. “Maybre because of their debt Eddie Bauer is feeling the pain more than the but they are all goinvgthrough it.
” If Eddie Bauerf does seek bankruptcy protection, it woulfd be another reminder of how the recessio is hitting home. When WaMu filed for bankruptcyin September, it was the largesg failure in U.S. banking history. WaMu listed debts of abouft $8 billion and assets of $32 billion, althoughy it later said some of its assetzs were tied tocompanyu stock, which became virtually worthless. When Wilsonville, Ore.
-basesd Joe’s Sports filed for bankruptcy protectioin March, the company listedf both assets and debt of $100 million to $500

Thomas: Meandering mandarins flirt with risk - Alexandria Town Talk

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Thomas: Meandering mandarins flirt with risk Alexandria Town Talk The resignation of CIA Director David Petraeus over an extramarital affair has raised and will continue to raise a number of questions. First among them (OK, maybe not first, national security being more important, but stay with me) is why should he ... and more »

Chase commits to Central Ohio expansion - St. Louis Business Journal:

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The New York company, Central Ohio’x second-largest bank and third-largest employer, said it plans to add several hundred jobs atits 8,000-employed McCoy Center operation at Polaris while several hundred jobs will be addef to a lending facility near Easton Town About 150 jobs will be added at the company’s Clevelands Avenue operations in Westerville. Chasew (NYSE:JPM) said it’s boosting employment in the regionn to handle additional support functionws needed after buying Washington Mutuallast September.
The move come s after state and local officials extended a roune of incentive packages valued atabout $20 That includes a more than $6 million packages from Columbus and a 15-year, 75 percent tax credit valued at about $14 million from the Gov. Ted Strickland in a statemen called Chase’s announcement “a tremendous boost to our economy and very welcomw newsfor Ohio.”

Canada's tobacco warnings move up to 4th in world - CBC.ca

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Globe and Mail

Canada's tobacco warnings move up to 4th in world CBC.ca The Canadian Cancer Society publishes a report every two years ranking cigarette health warnings. The latest report was released Wednesday at the World Health Organization's Framework Convention on Tobacco Control conference in Seoul, South Korea. Canadian cigarette warnings lead in size, prominence CTV News Study: Graphic Warnings on Cigarette Packs Would Be Effective U.S. News & World Report Canada climbs to 4th spot on ranking of cigarette pack warnings Calgary Herald Globe and Mail -Toronto Sun -ScienceBlog.com (blog)  »

Metro Atlanta Chamber's China Blog: Day 7 - Atlanta Business Chronicle:

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We divided our mission delegation into smaller groups to tap intotheser opportunities. While our counterparts were up my group started on thesoutherm route. We first hit the Shenzhen-Guangzhou then proceeded north to the Zhejianv economic hubs of Ningbo and Hangzhou and continued northgto Tianjin. We finally joined the rest of our delegationb inBeijing today. Conductinh business in China alwaysentails nuances, but in secondaru cities they can become more pronounced. For example, in fellow Olympifc city Beijing, Atlanta is often known. And in Shanghai, the nonstolp flight to Atlanta warrantssome nods.
But in some othet cities, “Gone with the Wind” is still the only Many people in Asia are familiaer with themovie “Gone with the These large, economically activew cities are where Atlanta needs to builf its brand as a commerciakl center and gateway to the U.S. Yet just as we counse foreign companies approaching thevast U.S. marker to do so strategically, so have we Our outreach to these new cities is not but based on the solid foundation and connections we have establishedr with Chinese companies now inmetrpo Atlanta. We have had many meetingzs in secondary cities. Some highlights we can • Tianjin -- We met with It has maintainedeits U.S.
office in metro Atlanta since 2004. The company’s president, Qin Xingcai, told me he’zs “very happy with I encouraged him to share this sentimenrt withhis friends. • Ningbo -- We conducted follow-upp meetings with several companies that are interested inmetroo Atlanta. • Hangzhou We secured a visit to Atlanta from Hangzhou government officials and 16 Hangzhou they will come to Atlantaa in May in conjunction with theBIO • Guangzhou One company we met referred us to anothere company in nearby Foshan (whom we then met), and to yet anothere company in Ningbo (whom we also met latee in Ningbo).
This company also decided to become memberw of the MetroAtlanta Chamber. We plan to continue strengthenin g and building on the foundation wehave developed, and exploringy new opportunities.

Massively Important Election in China Goes On Behind Closed Doors - Care2.com (blog)

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IBNLive

Massively Important Election in China Goes On Behind Closed Doors Care2.com (blog) Once every decade China goes through the process of replacing its president and associated delegates. In an unplanned but stark contrast, it just so happens that this week saw both the US presidential elections and China's ruling Communist Party begin ... Analysis: Hu Jintao's speech BBC News  »

AT&T cuts iPhone prices - Business First of Louisville:

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Customers can purchase the iPhone 3G immediatelyat AT&Tf company-owned stores or online. The iPhond 3G S is available for preordering and will be in storedJune 19. The pricer cut came in conjunctionmwith AT&T's reaffirmance of its financial guidance for 2009 that targetsz wireless service operating income margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of customedr acquisition for iPhone 3G S and the newlyh priced iPhone 3G are expected to be very similar to the costas associated with the original iPhond 3G. In the first quarter, AT&T’s iPhone activationes totaled morethan 1.
6 million, more than 40% of them for customerss who were new to the company. “iPhone 3G S is the most powerfuliPhone yet, and we’rs extremely proud to offer it to our customers on the nation’s fastest 3G network,” said Ralph de la president and CEO, AT&T Mobility and Consumerd Markets. “We’re also pleased to offer these innovativee phones and plans atincrediblde values, including free Wi-Fi access at nearly 20,000 hot spots.
”

Small-business indicators up - Tampa Bay Business Journal:

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Most of the gain in the ’ Index of Smalkl Business Optimism was due to an increase in the numbeerof small-business owners who expect business conditions to improve in the next six Before last month, most small-business ownersd thought the economy would get worse; now a net 4 percentg think it will get better. More small businessea reduced employment than added and NFIB predicts the unemploymenf rate will stay abovre 6 percent in thecomin months. The survey also found weak numbers for capital expenditures as well as plans for investments innew equipment.
“While Fed policy may be keepingh financingcosts low, the weak economy has reducefd the need for expansion and new equipment, and put pressure on cash inducing owners to postpone discretionary capital said NFIB Chief Economist William Dunkelberg. Inflatio was tied with weak saled as the biggest problemfacing small-business Only 2 percent said the cost and availability of credi was their biggest Consumer bankruptcy filings were up 29 perceny in August compared with the same month a year ago, accordinh to the . Consumers filed 96,413 bankruptcty cases this August — the highest monthly number sincde new bankruptcy rules went into effect inOctober 2005.
The changese force more debtors to pay off more oftheird debts. Despite these tougher there is “a growing trend of U.S. consumers to seek bankruptcy as a way out offinancial problems,” said ABI Executive Directord Samuel Gerdano. While consumerxs account for mostbankruptcy cases, filings by businesses also were up Business filings totaled 33,882 in the 12-monthn period that ended June 30, 2008, a 42 percent increasw over the previous 12-monthg period.
Institutional investors owned 76 percent of the stockl ofthe nation’s 1,000 largest corporations at the end of according to a new repor t by the Conference That’s another record high for institutional investors, which are defined as pensioh funds, investment companies, insurance companies, bankas and foundations. Twenty years ago, institutiona l investors owned only 47 percent of the stockj ofthe 1,000 largest U.S. corporations.

La Vernia grad aids TCU's upset at West Virginia - San Antonio Express

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La Vernia grad aids TCU's upset at West Virginia San Antonio Express Corey Fuller #86 of the TCU Horned Frogs celebrates after catching a toudown pass in overtime against the West Virginia Mountaineers during the game on November 3, 2012 at Mountaineer Field in Morgantown, West Virginia. TCU defeated WVU in two ... and more »

Weekend box office too close to call - Baltimore Business Journal:

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"Ice Age: Dawn of the Dinosaurs" from Fox and Revenge of the Fallen" from Paramountg both projected the same box office gross for theweekenr -- $42,500,000 -- according to , which tracks box-office revenues. The estimated numbers are from the studioss and are based on estimates from Friday and Saturdagy and projectionsfor Sunday, the report said. was number one at last week'sw box office, and "Ice is in its first week in Anothernew release, "Public Enemies" from Universal came in third, with an estimated $26,172,000. Roundin out the top five were Disney's "The and Warner Bros.
' "The Hangover," whicy brought in an estimater $12,779,000 and $10,415,000, respectively. "Transformers" also passed Disney/Pixar'sz "Up" as the top-grossing movie of the year, as it has broughtf in an estimated $293,459,000, compared to an estimated $264,873,00o0 for "Up." "Transformers" also now has the 31st highest domesticx grossall time, according to the site.

Utes, Krystkowiak hope rebuilt team will surprise after dismal 6-25 record ... - Washington Post

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Utes, Krystkowiak hope rebuilt team will surprise after dismal 6-25 record ... Washington Post SALT LAKE CITY â€" The worst season in Utah basketball history was over but the hurt only continued for coach Larry Krystkowiak, whose March Madness included painful knee replacement surgery. Seven months later, Krystkowiak has a new joint and ... and more »

Self-Made Coach - Business First of Louisville:

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He was 24 years old, with a businesws and economics degreein hand. Marshall was interviewingy to becomea stockbroker, and thingss were going great. He was asked to come back the next day for apersonalit test. The test was designed to determine aptitudertoward salesmanship; being a go-getter. A sample When at a party, do you prefet to stay with a group of friends or meet everyonee atthe party? "Now, I wouldn'yt mind meeting a couple people at the Marshall says. "But you know, I wanted to be with my with my guys. And that's how I answered And that's probably why Marshall is not astockbroked today.
"The guy tells me, 'You I've been doing this for 29 yearwand I've never had a better interview. But you failee that test miserably,' " Marshall "So he didn't hire me. And if he'd have 'Come work for us,' that's what I would have Marshall finisheda master's degrer in sports administration and went to work for a resorft in Florida. His job included hiding the item s forscavenger hunts. "Basically I was like a pool boy; a cabanaq boy," Marshall says. "I literally dresse up in a gorilla suit one time and had to come in and whiso awaythis lady. So I did, and she' s screaming because she's frightened. That's when I told myself, 'This is not what I want to do.
' He had given up his career as an assistanrt coach for his smallalma mater, , having run out of patienc e waiting for an Division I opportunity. Now here he was, unhappy and on the spending his only day off pleadinvg to his old college coach overthe phone. "II was like, 'Man, you've got to get me out of here, ' " Marshall says. "But I'm also thinking nobody'ds going to hire me. School has started. Practicd had started. It's October." finallh called. It wasn't Division I, but it was a good progranm that would advance to the NAIA Tournament that Marshall never strayed fromcoaching again.
"At one point I probablgy thought I was going to go out and set the worlde on fire in some type ofbusinessw endeavor," Marshall says. "Many of my friends and teammatees diddo that. One's on Wall Street. Another friend startes owning his ownhealth clubs. I was out coaching for $10,000p a year and eating pinto beane withpicante sauce. It was a tough existences for awhile." A side note: Just days after Marshalo returned to coachingin 1987, the stoco market crashed. "Black saw the largest one-day percentage declinre in stockmarket history. I don't know if being a stockbroked would have treatedme well," Marshalpl says.
Marshall is the first Shocker coach since 1992 not to have playesd DivisionI basketball. He's not part of an exclusivre coaching tree. "My dad's not a coach," Marshallo says. "I didn't play at a very high profiled program andI didn'tr play in the NBA. It's more difficult." Marshalll was able to get his foot in Divisioj I by takingan assistant's position with the . It was an NAIA but was becomingDivisiomn I. "Gregg would be a greatg salesperson," says Marshall's former teammate Rod Wood, now the head men's basketball coach at the .
"Hw recruits so well because he's very likable and he's very I often joke that I can'tr leave Gregg alone with my wife, or he'lo recruit her." In Charleston received an at-largr berth into the NCAA The Cougars followed that up with NIT berthse in 1995and 1996.

Common Cause finds oil vote-contribution correlation - New Mexico Business Weekly:

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The report, released in is the latest in a seried of studies compiled by Commojn Cause that analyze how political contributions by various industrie might impactpublic policy, said Statwe Director Steven Allen. “We found that legislators who voted on legislationh friendly to oil andgas received, on average, two-to-fives times more campaign contributions than legislators who voterd in a manner unfriendly to the oil and gas industry,” Allen said.
However, President Bob Gallagher said campaigncontributions don’t buy “Our companies look for pro-businesss candidates, whether they be Republicans or Democrats, to creates a stable business environment in New Gallagher said. “We need pro-business representatives, and they need to spendf money toget elected. It’s that simple. But that doesn’t get us any Gallagher said political contributions are like buying insurance on an offics building toprotect one’s “You spend money on a candidate to protect your assets with peoplew who are pro-business,” Gallagher said.
“Withu billions of dollars in assets inNew we’ll do everything we can to protect it. Wouldn’ t you?” The report, based on statistics from the in Statr Politics and the New Mexico Secretaryuof State’s Web says oil and gas businesses were among the larges political contributors in New Mexicpo in every year of the past decade. Contributions totalef $5.369 million from 1998 to 2008, with about 41 percent going to Democrats and the rest to Last year, oil and gas companies contributed more than $1 or 15.6 percent of all contributions in 2008 the most from any single industry.
The single largest contributort last yearwas , an Albuquerque-baser oil and gas investmentr company, with $250,000 for two candidates, the reporft said. was third largest with $140,000. The report analyzedd votes on various oil and gas bills in recent years and correlated the positions of individuakl legislators with the amouny they receivedin contributions. “Contributions to legislatorz whose votes were friendly to industr y on averagetotaled $4,577,” the report stated. “Contribution s to legislators whosevotes weren’t friendly to industrty on average totaled $1,793. For both chambers and all billxs analyzed, industry-friendly voting is associated with 2.
6 timeds more O&G funding than industry-unfriendly voting.” Sen. John Arthur a Deming Democrat and chairman of the Senate Finance saidthe industry’s impact on New Mexico finances is the critical factotr influencing legislative decisions. “Frankly, we’rde far too dependent on oil and Smith said. “It’s too volatile, and we’re right now suffering a backlashg from the industry In the past five oil and gas accounted for betweeb 15 and 21 percent of general fund with morethan $10 billion in taxess and charges paid by industry between 2002 and 2007.
The plummeg in oil and gas prices, however, has lowerec energy-related revenue projections to just 12 percent for fiscal year 2010 the lowest percentage since according to the LegislativeFinance Committee. The revenuee decline contributed toa $450 million deficit in the currenty FY 2009 budget, and a projectedd $400 million deficit for 2010. As for politicakl contributions, Smith said it’s the overall cost of electiones that needs to be addressed rathed than any alleged influence earned byindividuapl contributions.
“I’ve never been influenced by it and all other legislatords will tell youthe same, but you can’t run an electorao race without contributions,” Smit h said. “I guess it’s the cost of elections that bothersdme most. The worstf thing in politics is havingt toraise money. I’d like to see limits on but I don’t know how you do that withougt impairing freedomof speech.
”

Get A Free Electronic Cigarette: E Cigarette Inhibits Smoking Without The Act ... - Midland Daily News

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Get A Free Electronic Cigarette: E Cigarette Inhibits Smoking Without The Act ... Midland Daily News Get A Free Electronic Cigarette: E Cigarette Inhibits Smoking Without The Act Of Smoking. Story · Comments. Print: Create a hardcopy of this page; Font Size: Default font size: Larger font size. Get A Free Electronic Cigarette: E Cigarette Inhibits ... and more »

CareWorks deal for Plannet Group shines amid dull economy - Business First of Columbus:

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, a homegrown tech companu with agrowing clientele, was acquired May 21 by Dublin-basefd , which plans to add high-paying jobs to supportg the purchase over the coming year. Terms of the deal betweebn the privately heldcompanies weren’t The sale also frees Plannet Group founder Jim Mazotas to start another tech operatiohn that could begin hiring over the coming year as well. “Thisd first rush to the finisy line ended on apositive note,” Mazotas “And it looks like there is gointg to be another one past this.” The 39-year-oldd Mazotas has been running the race for seven years. He foundef Plannet Group in 2002 to develop network security andmanagement software.
He starte the business after becoming unhappy with the direction of the softwar development company where had he Mazotas decided to focus on developingb a program that could help computer networl managers visually managetheir environment, rather than forcing them to searchy through lines of code for problems. He callexd the program Mission Control and financed Plannetf Groupwith $70,000 from savings and a secondc mortgage. He focused on government clientss – including the city of Columbuw and CuyahogaCounty – because of the large computeer networks they maintain.
Mazotas also moved into the gaminh industry in March after signing a contractwith , owner of the Indianq Live Casino outside Indianapolis. Mission Controp is what attractedCareWorks Technologies, said President Todd Part of the CareWorks Family of Companies, a compensation management company in Dublin, CareWorks Technologiex provides information technology services to a broadee client base than the parent company. Cameron said the additiom of Plannet Group and its services should increases revenue at CareWorks Technologies by 25 percent this year, although he declined to be specificc about either company’s financials.
“We hope it grows exponentiallytafter that,” Cameron said. “(Mazotas) doesn’t have a sales team at all andwe do. It’s a diamond in the Mazotas said the lack of a sales team athis 10-employee company was one of the reasonws he decided to sell. He said the firm reachec a “tipping point” in early 2008 after hearingf interest from other companies looking to purchaserPlannet Group, including one from out of state. “Should we continure as we were or take the next Mazotas said. “We wantedx to get (Plannet Group) to the maturity that couldf be found by linking up with a companylike CareWorks.
” It’d fortunate for the region and its tech community that a loca company bought Plannet Group, said Ted Ford, CEO of , the industru advocacy group that housed Plannetg Group at its business incubator from 2005 to 2008. “If you definre success as keeping jobs in the area and continuinb with a foundation for then this isa success,” Ford said. “Thre goal is to grow technologtyjobs here, and Columbue is becoming a very good place to do that sort of All of Plannet Group’s Hilliard-based employees have joinecd CareWorks in Dublin and, over the next likely will be joined by five to 10 hires, Cameronj said.
Those jobs likely will pay between $70,000 and $100,000 a While Mazotas is joining CareWorks, he does so as a consultant. His primarh focus will be on his nextventure . Mazotas is building OnGuard around a behavioralo analysis security tool that flagsw suspicious patterns that could harm a computer A patent is being sought onthe technology, Mazotas and CareWorks Technologies has invested in the new business. By the time the producgt is ready for general releasein 2010, Mazotas hoped to have a 25- to 30-workedr payroll. Mazotas hopes he will be tellin g a similar story a yearfrom now. “It just goes to show that littld guys can have a home he said. “Even in this economy.
”

GM Tonawanda hosting recycling event - Sacramento Business Journal:

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The one-day event June 6 from 9 a.m. to 1 p.m. at Plantt 5 on Vulcan Street, is co-sponsored by Erie Buffalo and the Northwest Solid Waste Management Last year’s event received 56,325 pounds of electronicv equipment, 247 bicycles and a truck full of Electronics equipment is a source of recycle lead, steel, plastic, copper and Items being accepted this year TVs, computers, monitors, keyboards, printers, fluorescent cell phones, rechargeable batteries, VCRs, and DVD clothing, textiles, and bicycles. Clothing and textiles will be reusex at Goodwill retail locationsor recycled. Bicycles will be used for bike safety education or recycledf by Blue Bicycleand Recycle-a-Bicycle programs.
New for this Buffalo ReUse will accept used or new shop andgarden tools, such as rakes, ladders, wheelbarrows, hammers and saws. “Thias is a natural extension of what we do at Plant Manager Steve Finch said ina “Our plant has been landfill-fre e in manufacturing since 2006. We recycle or reuser all of our waste, so this eventt to help the community recycle is a natural fit for us atGenerap Motors,” he said.

Analysis: Defying doomsayers, China to avoid Japan-style bubble - Chicago Tribune

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Analysis: Defying doomsayers, China to avoid Japan-style bubble Chicago Tribune Whether China succeeds in avoiding an economic crash depends on how far it can turn its maturing, export-driven economy into one more geared to services and domestic consumption, a transition the World Bank says must happen well before 2030. and more »

Charlotte lands HQ - Charlotte Business Journal:

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Sources confirm that , a division of Netherlands Antilles-based N.V., has leased 7,5009 square feet of office space in the Huntersville Businessz Park and is working on an agreemeng with Wake Forest University to set up a researchn and developmentplant there. The headquarters of the 370-employee company is movingy from Richardson, Texas. Orthofix's medical-device manufacturing operation will remain in Richardson, where the companyg employs about 215 people. The Huntersvilled office will employ about25 people, including salew staff, and will be headed by the recentl hired president of Orthofix, Charles who also is a senior vice president of Orthofix International.
Federico says details for bothmovea aren't finalized, but local sources say the Huntersville leasde has been signed. Federicp confirms he was in Huntersville March 25 reviewing the The Winston-Salem move "is still in the investigation he says. In a writtenh statement, Orthofix acknowledged its "intention to increase its researcb and development expenditures and creatw an environment for enhanced research withseveral U.S. The U.S. subsidiary is in discussions with several universities regardingresearcg partnerships, the release says.
Federicko joined Orthofix last October aftef 15 yearswith arthroscopic-device kingpin Dyonics of Andover, Local commercial real estate sources say Federick was "very impressed" with the Huntersville Business Park after visitint it two years ago while lookingt for a relocation spot for Dyonics when it was known as Smith & Nephew Dyonicsw Inc. The park was apparently on his mind when Orthofixx International recently decided to restructuree and downsize itsTexas operation, wher sources say it has excess space and has alreadyy leased out half of its Richardsoh office facility.
Orthofix International manufactures braces and other devices to set brokenn limbs and expedite healing ofbone injuries. It also supplies partx and accessories forits products. The compang does business in 70 countries, with 40% of its sales cominf in the United States. According to financia analysispublication Morningstar, Orthofix is the leadintg manufacturer of external fixation devices for fractures and limb lengthening by having doubled its product line since becoming incorporated in 1987. The company, which has struggleds financially at times inits 10-year history, reported revenuews exceeding $77 million for 1996, up 48% compared with more than $52 millionh for 1995.
The increased sale s were largely attributed to the inclusion of the results of the former American MedicalElectronics Inc., which was acquirex by Orthofix International in August 1995 and renamed Orthoficx Inc. A company release dated Marcu 13 indicatesthat Federico's appointment prompted a revieqw of all of Orthofix'z North American operations, resulting in a "significant of its business in the United States.
The release goes on to say that its salezs force was being reorganizedto "focuzs more on individual business and that it would expand its sales force from 67 to 105 by "The company expects the restructuring to be substantiallyg completed by the end of the firsgt quarter 1997," according to the release.

NESPAK has undertaken 3300 uplift projects at home, abroad: MD - Pakistan Daily Times

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NESPAK has undertaken 3300 uplift projects at home, abroad: MD Pakistan Daily Times NESPAK has undertaken 3,300 uplift projects at home, abroad: MD. LAHORE: NESPAK, a leading organisation of consulting engineers, has set a new record by executing 3,300 engineering projects at home and abroad since its establishment in 1973. and more »

Kreidler bans sellers of unauthorized travel insurance - Puget Sound Business Journal (Seattle):

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Insurance Commissioner Mike Kreidler's office issuecd cease-and-desist orders naming of Wisconsinand Philadelphia-based Insuranced Company of North America. The commissioner's Consumer Protectiohn Division found ina three-month investigation that Travel Guars is not an authorized insurance company in and the insurance policies and rates it has offered were not approvesd by the state. Travel Guard as an insurance ageny has sold a variety of unapproved travel insurance productssince 1997, Kreidler said.
Last Travel Guard sold 120,00o travel insurance policies to Washington Kreidler ordered Travel Guard to quit representinf itself as an insurer or insurance compant toWashington residents. In addition, the order prohibita Travel Guard from soliciting Washington residents to purchase its unapprovefinsurance protection. Insurance Company of North America, which holdsa the license to sell Travelp Guard insurancein Washington, was ordered to stop soliciting Washingtonb residents to buy insurance coverage not approved by the Insurance Commissioner's Office.
Although the companies are banned from sellingnew policies, the companies still must honor thoses they already have sold, Kreidler said.

Industry veteran Trish Hanchette will head up Lennar

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Hanchette served four year as president ofKB Home’s Triangle division beforse she left the company in Decembet after a restructuring of management. Prior to joiningh KB, she was division president ofColony Homes. She is an actives board member for the Raleigh Wake County Home Builders Associatiohn and the Raleigh Chambertof Commerce. “We are extremely honores to benefitfrom Trish’s insights, expertise and vast knowledge of the home-building industry in this market,” said Sam Sparks, presidentg of Lennar’s southeast region. “Trish is an exceptional leaded with a long list of achievements andcommunityh involvement.
Our company firmly believes she will make an excellenr addition to the team and has the energyg and experience to lead the Raleigh division to anew Lennar, which has its headquarterds in Miami, Fla., maintained its No. 11 rankingf among the largest residential builders in the Trianglein 2008, having completed 205 homex valued at a total of $49.7 million, accordingy to a recent Triangle Businese Journal survey. KB Home dropped from No. 1 to No. 3 in its rankinv of Triangle home buildersin 2008, having completed 515 homesx valued at $119 million.
Hanchettr will oversee land acquisition, lot home-building activities as well as sales and marketint for the LennarRaleigh

Mark Purdy: San Francisco Giants can't seem to solve home field hex - San Jose Mercury News

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Saturday, October 13, 2012

Source: NCR to move headquarters, 1,300 jobs to Georgia - Charlotte Business Journal:

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The (NYSE: NCR) will move its headquartersw and 1,250 jobs to Duluth, Ga., as well as openinv a 550,000-square-foot manufacturing operation in Macon, Ga., that will emplou up to 880 people. Officialsa for NCR, which has 1,300 workers in Dayton, couldd not be immediately reached for commentMondaty night. An official from Ohio Gov. Ted Strickland'd office, who spoke to the Dayton Business JournalMondaty night, said NCR’s CEO Bill Nuti told Stricklanc that the company has been eyeing Georgia for some time now. The , with local official s expressing frustration that the company was not responding to their Georgia Gov.
Sonny Perdue is expectex to make the official announcement Tuesda y with NCR receiving tax incentivesx from the local officialsin Georgia. “They (NCR) can’t recruit talentf to move to Dayton, a source told the Montgomery County CommissionerDan Foley, sounding stunne d when reached Monday night, decline d comment. In the letter Strickland sent to NCR dated Mondaty and obtained by the Dayton Business the governor said he wastryintg “to take one last opportunity to urge you to continure your operations in Ohio.” In the letter, Ohio offersz NCR $31.1 million worth of incentives to keep the operationsw here.
Strickland's spokesperson declineed official comment until the announcementis NCR's departure would leave a vacant 1.3 million-square-foot, five-storyh office building near Dayton's downtown that is already hurting from high vacancyt rates and jobs that have been leavingh the city during the past severalp years. The loss of 1,300 high-paying jobs from the city will have a negativee impacton Dayton's incomed tax receipts at a time when the city has facesd multi-million dollar budget deficits that have caused it to reduc e its workforce and cut services.
Rashax Young, Dayton city manager, said the city reachedr out to NCR multiple times in recent and that the city did all it couldx to engagethe company. Ohio State Sen. Jon Husted, said he will retain hope untikl the company makes anofficial announcement. “We have on multiple occasions reached out to NCR in an attempr to identify ways to securee their jobs and grow and be successful in Husted saidMonday evening. “I am not willinhg to give up hope.” Phil Parker, president and CEO, left a voice message after business hours for a reporterd Monday saying he had no Toni Bankston, director of marketing and communications for the Dayton did not return calls seekingy comment.
The Dayton Chamber is one of the lead private groups in the city responsible for retention ofexistinb companies. In October, NCR said it wouled move its Worldwide Customer Services headquarterws to anAtlanta suburb, investing $15 million and creatingy more than 900 jobs in the suburbs of Peachtrewe City and Deluth. The stated of Georgia provided morethan $8 milliob in incentives, according to officials. NCR, foundesd locally in 1884, is the Daytobn region’s second largest company, with 20,000 global employeesd and $5.3 billion in revenue in 2008.
The which sells ATMs and retailautomation systems, is Dayton’d lone remaining Fortune 500 At one time, the companuy had more than 18,000 employees in the Dayton but that number has dwindled during the past severakl decades. As recently as two years ago, NCR had aboutr 2,000 Dayton employees. That number has declined by about 700 workersssince 2007. In 2007, NCR announced it was relocating its executive offices to New York City and leasinfg an entire floor of the 7 World TradeCenter But, on paper, its headquarters remainee in Dayton.
In the company also told employees it is undergoinf a structural reorganization and would cut an unknown amounrt of its global Thatsame month, the company removed the languagre “world headquarters” from the sign at its Daytobn campus, though it said at the time it was just

Friday, October 12, 2012

Sacramento weather looking warmer, drier for the weekend - Sacramento Bee

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Mark Purdy: San Francisco Giants can't seem to solve home field hex San Jose Mercury News SAN FRANCISCO -- Meet the new playoff series. Same as the old playoff series. At least so far. Which is not good. The Giants began their pursuit of a National League championship here Sunday night in the same ill-advised fashion that they began their ... and more »

Modesto Bee

Sacramento weather looking warmer, drier for the weekend Sacramento Bee A few raindrops fell in Sacramento this morning as low cloud cover blanketed the v »

Realtors to launch foreclosure courses - Charlotte Business Journal:

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The group gave the $3,200 to host a foreclosure and shorftsales course. And the was given $8,05 to develop a course and DVD for consumers and agents on the legalo risks associated with foreclosuree andshort sales. also was awarded $6,000 to host a Realtord training course on helping consumerds who are behind ontheir mortgages. The national association gave out morethan $3 million to different city association to help resolve the growing foreclosure “Realtors build communities, and as the leadingh advocate for homeownership and housingt issues, we believe that any family that losesx its home to foreclosure is one family too NAR President Charles McMillan, a broker with in Dallas-Forf Worth.
“Foreclosures affect each community differently, which is why NAR is providingv the Foreclosure Prevention and Response grants directly to local and stats Realtor associations so that they candevelop unique, coordinaterd action plans to prevent foreclosures and minimizd their adverse effects on the community.”

New owner surfaces in latest Filene

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Alan Cohen, Filene’s chief restructuring officer, confirmed Monday afternoomn that Secaucus, N.J.-based Syms (NASDAQ:SYMS) and New York-based Vornadoo (NYSE:VNO) agreed to pay about $63 million for the chain. A couryt hearing is set for Wednesday to approve the Cohen said. The auction, which begann Friday and was continued to took place about a week after an affiliat eof Men’s Wearhouse (NYSE:MW) agreed to buy the chain for $67 million. But Crown Acquisitions, the companu that was first in line tobuy Filene’sx assets, filed an objectiomn to the sale with allegations that Men’s Wearhouse didn’t follow bidding procedures.
Crown in court filings described the first auctio asa “travesty.” A judge sent the deal back for auctionh following Crown’s objection. It wasn’t clearf Monday if Syms and Vornado would acquirw allof Filene’s stores. Both Men’s Wearhouse and Crownb had planned to acquire and keep open a butnot all, of Filene’s locations. The compan has two Ohio stores, including one in Filene’s Basement sought protection from creditors in May in Delawarewbankruptcy court, months after closing severakl stores. Columbus-based (NYSE: RVI), which maintains a majoritg stake in discount shoeretailer (NYSE:DSW), sold the chain this year to FB II Acquisition Corp.
, a new entity ownefd by liquidation and turnaround firm Buxbaum Group.

Eastenders actress Corinne Skinner Carter AKA landlady Audrey Trueman to ... - Your Local Guardian

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Eastenders actress Corinne Skinner Carter AKA landlady Audrey Trueman to ... Your Local Guardian Former Eastenders actress Corinne Skinner Carter will present her memoirs in Croydon this month as part of Black History Month. Carter, who plated landlady Audrey Trueman, will be signing copies of her book, Why Not Me? From Trinidad to Albert Square ... and more »

Toronto-based tour bus carrying 57 passengers flips in New Jersey, 19 hurt - New York Daily News

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New York Daily News

Toronto-based tour bus carrying 57 passengers flips in New Jersey, 19 hurt New York Daily News Passengers look on after their bus overturned in a ditch at an exit ramp off Route 80 in Wayne, N.J. Saturday, Oct. 6, 2012. The chartered tour bus from Toronto carrying about 60 people overturned on an interstate exit ramp. Three people have been ... New Jersey bus crash injures 23 Los Angeles Times Bus overturns on NJ exit ramp; 19 hurt NBCNews.com Tour Bus With 60 Passengers Overturns in New Jersey ABC News Huffington Post -Toronto Star -CBS News  »

Waterstones mocks ebooks with 'good bookshop' push - Marketing

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The Drum

Waterstones mocks ebooks with 'good bookshop' push Marketing Ros Hines, marketing director at Waterstones, said: "We have a powerful brand, and we should be using that to get over powerful messages that do more than simply promote individual books, but remind people just how good being in a bookshop is and how ... Waterstones begins new branding push The Bookseller Waterstones launches new ad campaign Retail Gazette Waterstones promotes the importance of books in new campaign with Leagas ... The Drum  »

Local celebrity Karen Keith to take on Tulsa Run 5k - Tulsa World

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Local celebrity Karen Keith to take on Tulsa Run 5k Tulsa World Celebrity runner Karen Keith (right) works out at the Hillcrest Fitness Center with help from Hillcrest Medical Center exercise physiologist Jessie Smith. CORY YOUNG / Tulsa World. By SARA PLUMMER World Staff Writer Published: 10/4/2012 1:46 AM ...

Unions protest Target Center project - Minneapolis / St. Paul Business Journal:

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Roofers and Waterproofers Local 96 recently filed a National Labor Relations Board complaintagainst Fridley-based Stock Roofing, a subsidiary of Skokie, Ill-based Tecta America The union is complaining that the contractor has been engaging in unsafe and unfaidr labor practices at the $5.3 million project, approvecd by the Minneapolis City Council in Decembert and scheduled for completiom in July. “We understand that cities need to save said Local 96 Business ManagerRob “But they also have a duty to protecg workers on publicly funded projects by ensuringg contractors aren’t cutting corners.
” Stocm Roofing's president and general managedr couldn’t immediately be reached for comment. The uniom is complaining that work has taken placd at night with insufficient lightinv and impropersafety harnessing. Mike Christenson, Minneapolis' communityy planning and economicdevelopment director, said he firsft heard of the union's complaints on April 20. He said the federakl Occupational Safety and Health Administration had and there had been no negative findings from the Christenson said the city is prompt about responding to complaints about itswork "We will continue to field any and all complaints and we will respondx immediately," he said.

Convera trims loss, boosts revenue in 4Q - Washington Business Journal:

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The company reported a net lossof $7 million or 13 centzs a share, for the three months ended Jan. 31, comparef to a net loss of $9.7 or 18 cents a for the same periodlast year. Revenus for the fourth quarter was an increaseof $163,000 over the comparable year-ag o period. For the year, Vienna-baseds Convera reported a net lossof $ 9.1 million, or 17 centx per share, compared to a net loss of $44.u8 million, or 86 centw per share, for the previous year. Salees for the year were $1.1 compared to $269,000 in the previous The annual results includea $17.9 million gain recognizef on the sale of the company's RetrievalWare which closed Aug. 9, 2007.
Convera announced in April 2007 that it would sell the businessfor $23 millioh to focus on its growing search-enginde business for publishers. Convera (NASDAQ: expects further improvement soon. In its earnings Patrick Condo, chief executive officer of said: "We are pleased with the progresw we are making inacquiring customers, launching sitex and increasing the traffic on our We expect to see the financiall results of this effort evidenced in this next fiscal year as the impacrt of our efforts to increase revenud and decrease expenses becomes clear beginning in the firsrt quarter of this fiscal year." Converw said that it held cash and investmentsx as of Jan. 31 totaling $36.
6 million.