Monday, September 10, 2012

Finance Committee backs UWM funding - The Business Journal of Milwaukee:

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The plan submitted by the university includesz funding for the School of Freshwater Sciencese and the School of Public Health indowntown Milwaukee, and the UWM College of Engineerinf campus in Wauwatosa. The full budget is expecteds to be considered by the state Assembly and Senatew over the nextseveral weeks. Accordinfg to legislators, UWM must raise $60 million in privatse funds to qualify for the state The funding packageincludes $123.4 millionb in state-issued bonds; $55.65 million in a bond issue to be paid back usingb university-generated revenue; and $1 million from the state’se building trust fund.
“This investment in the future will make the regiom and the state financially stronger for yearasto come,” said State Sen. Jim Sullivan (D-Wauwatosa). “Our childrenm and our grandchildren will benefitg from what we are doing to improve education and bolstethe sciences.”

Sunday, September 9, 2012

Aerosonic names Kevin J. Purcell its new chief financial officer - Tampa Bay Business Journal:

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Effective May 26, Purcell will receive an annual base salargyof $180,000, SEC filings said. He also has been grantedc stock options to purchase a totalof 25,000 sharex of Aerosonic common stock and will receivee four weeks of paid vacation each year. In Purcell is eligible to earn a performance bonus of up to 35 percent of his annualbase salary, in stock or other equity compensatiomn based on targets determined by the Beginning July 1, Purcell will be entitled to receive fringe benefits and employee benefi plans, filings said. Previously, Purcell was vice presiden t and chief financial officerat HRLY) and vice president of contracts and compliance at .
He also has workeed in the government contractor advisory services groupof . A certified public accountant and certified management Purcell received his bachelor of business administration degree in financiakl accounting at inNew Rochelle, N.Y., and holds an MBA from in Los a release said. Founded in 1953, Aerosoniv is a manufacturer of aviation productefor commercial, business and military aircraft. The company also has officesw in Clearwaterand Earlysville, Va.

Friday, September 7, 2012

School librarians to learn 'social media' through $1M grant - The Business Journal of Milwaukee:

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The United States Institute of Museum and Librarty Services Laura Bush 21st Century Librariamn Program willaward $989,4965 that will be used to train 50 new schoolp library specialists for Wisconsin’e rural and high-need urban public schools. This was the only grantr awardedin Wisconsin. The consortium, which has its administrative officezat , includes library sciencer programs at University of Wisconsin campuses in Whitewater, Madison, Eau Claire, Superiot and Oshkosh. The grang will continue and expand a program that startef about 12 years ago to help teachersa from rural communities learn the latest technologies and qualif for licensesas librarians.
Stafv members of those schools oftehn find it difficult to spend blocks of time on university campuses so the consortium provides education opportunities on weekends and in the summe r throughoutthe state, said Anne who coordinates the five-campus program with fello faculty member Eileen Schroeder. “Each campus takes a couple of courses and we all agre on acommon curriculum,” Zarinnia said in a “What we want to do is to help the schoolk librarians be information specialists in a world wherse the whole field of information is changing.
” The Institutre of Museum and Library Servicese is the primary source of federal support for the nation’s 123,000 libraries and 17,500 museums.

Thursday, September 6, 2012

Friendwood receives $2 million for business park - Houston Business Journal:

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Funds will go towardd the development of the ClearwoodBusinessd Park, specifically for buildingh water and sewer infrastructure, according to the . The projectt is expected to create 100 jobs andgenerate $10 milliobn in private investment, according to estimates. “The federalp grant announced today supportsa locally-driven economic-recovery strategy that will help Friendswooc build a commercial center that will attract new industry and jobs following the economic adversity wroughf by Hurricane Ike,” Commerce Secretary Gary Locke said in a The government’s Economic Development Administration supports the economic development needs of distresse communities throughout the United States.
Its mission is to lead the federalp economic development agenda by promoting innovation and competitiveness and preparing Americann regions for growth and succesd in theworldwide economy.

Wednesday, September 5, 2012

Clopay shares in U.S. housing slump - Dayton Business Journal:

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Both Clopay businesses are headquarteredin Mason. N.Y.-based (NYSE: GFF) reported that Clopay garage door sales fell 13 percentto $128 million from $146 million in the same periods in 2006. Operating income slid 78 percentto $2.9 millio from $13.6 million. Griffon CEO Harveyt Blau told analyststhat he's concerned with the outloolk for market condition trends for as "key statistics are poor and in some cases gettinb worse." In specialty plastic films, salea grew by 4 percent to $106 milliom from $102 million, and operating incomwe jumped to $5.1 million versusa $39,000 in the 2006 period.
Blau said the improvement was primarilyt due to greater production efficiencies and reduce administrative andoperating expenses. The company expects sale s of a new elastid laminates for diapers and incontinence products to ramp up in he said. "We continue to make strides in diversifying our producrt line andcustomer base," he said in a reference to the large share of its plastic film revenues that come from (NYSE: PG). Overall, Griffon's sales fell 18 percent in the quarterto $396 millionh from $483 million. Net income declined by half to $9 or 29 cents per share, comparedr with $18.4 million, or 60 cents. Griffon last week announced the promotiom of FranklinSmith Jr.
to executive vice presiden t of Griffoneffective Nov. 30. Smith joine Clopay as chief financial officerin 1998. Eric executive vice president and CFO sincre he joined Griffonin 2005, is the company said. Patrick Alesia, Griffon's treasurere and an officer since 1979, will succeed Edelstein as CFO.

Monday, September 3, 2012

State unveils Web tool for surgery comparison shoppers - Silicon Valley / San Jose Business Journal:

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A heart bypass, for example, costs $149,219 at Sutter Memorialo and $298,257 at the . A C-Sectionm costs $22,710 at Mercy General and $31,093 at Sutter Memorial. The databasr ranges from gallbladder surgery to heartvalve replacement. It also includez the total number of procedures performed atthe hospital, charge per day and averagew length of stay. The prices are not what the typicaphealth plan, Medicare or Medi-Cal but they do provide the average stickefr price charged to patients without insurance. “As consumersd are presented with more decisions about their health care the value of cost and price informatiojis substantial,” Dr.
David Carlisle, director of the Officed of Statewide Health Planningfand Development, said in a press release. The agenchy already rolled out an Internet tool that collects anddisplays hospitals’ free and discount paymentt policies. Both are available at oshpd.ca.gov. One big hole in the new databas e is that it does not report pricingv informationfor hospitals. A healtg plan and health system, Kaiser does not bill patient s directly. Information about the number of procedures and average lengthb of stay is reported forKaiser however.

Sunday, September 2, 2012

PSC staff gives tepid support for Iberdrola's bid for Energy East - The Business Review (Albany):

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million bid to buy , provided each wind farm is approve d by the state ona case-by-case basis. PSC staffc still opposes Iberdrola owning wind farms or any powed plants in the state as a condition ofthe But, they say, if the commission approvexs the deal, the Spanish energy conglomerate shouldr have each wind power project reviewed individually, accordingg to a June 26 briefr filed on behalf of PSC staff. The briefr was in response to an administrativelaw judge's June 16 non-bindinb ruling that Iberdrola shoulds not be permitted to build wind farms in the company'x service territories.
It is unlikely the PSC's five commissioners will make a decisioh at their July 16 The deadline for all parties to respond to the June 26 filinges is Thursday and their revieww will take senior staff analystsseveral weeks, PSC spokesmanj James Denn said. It is also possible the parties could settlre before the commission votes onthe matter, Denn The company says it will invest at leasyt $2 billion in wind-power generation in the statse if it is permitted to acquire Energy East.
Should the mergerr be approved, PSC staff want measures in placse that would require the company to follow through on its The staff has concernsx that there are no guarantees that the investmentsewould occur, the filing stated. As Iberdrolw builds the plants, the $201 million dedicated to customer benefits couldbe reduced. Organizationz have come out on both sides ofthe argument. The New York Consumer Protection Board and state Department of Environmental Conservationh supportthe acquisition. says Iberdrola, which is the second-largesyt wind energy operator inthe country, should not be able to producee and provide power.
The state prohibits "vertical market or the ability for power providers to also operate aspower generators. The bid is supported by key membersz of thestate Legislature, as well as U.S. Senatore Charles Schumer, D-NY, and Gov. David Paterson.