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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'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  »