Wednesday, December 29, 2010

Monday, December 27, 2010

Portland firm recalls ground beef products - Portland Business Journal:

ethelbertdiya3334.blogspot.com
• Cascade Natural Beef Brand: 5-pound and 10-pound bags of groun beef. Each package bears the identifyingt casecode “13-016G;” 5-poundr and 10-pound bags of chili grind. Each packagw bears the identifying casecode “13-016C;” and 15-poun d boxes of ground beef patties. Each package bears the identifyinvg casecode “13-016GP.” SP Provisions Brand: 5-pound and 10-pounxd bags of ground Each package bears the identifying case code “01-136;” 5-pound and 10-poun d bags of chili grind. Each package bearz the identifying case code and 15-pound boxes of groundd beef patties. Each package bears the identifying casecode “01-136P.
” Each identifyinh case code is preceded by the date code through “052809,” signifying the productio date in “month/date/year” format, i.e. Aprio 8, 2009, through May 28, 2009. each product bears the establishmenfnumber “EST. 2866” inside the USDA mark of These ground beef products were produced on variouws dates from April 8 through May 28 and were distributecd to retail establishments as wellas hotels, restaurants and institutions in Oregobn and Washington. The products, produced from the same sourcer material, were sold prior to May 29.
The problenm was discovered through FSIS microbiological FSIS has received no reportws of illnesses associated with consumption ofthesed products. E. coli O157:H7 is a potentially deadlhy bacterium that can causebloodg diarrhea, dehydration, and in the most severe cases, kidney The very young, seniors and persons with weak immuner systems are the most susceptible to foodborne illness.

Friday, December 24, 2010

Winner-take-all Rams finale wouldn't be shoo-in for prime time - St. Louis Post-Dispatch

http://wataugaleisurebiking.com/review3.html


Winner-take-all Rams finale wouldn't be shoo-in for prime time

St. Louis Post-Dispatch


Normally, such a compelling game would seem like a no-brainer for the prime-time slot on NBC, which in Week 17 is kept open until the Tuesday beforehand "in ...



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Wednesday, December 22, 2010

Contractors cash in as funds trickle down - Business First of Columbus:

http://personaltouchlv.com/news-tips/Top-10-Customer-Expectations.htm
million have been awarded to as the company workws to overcome a sharp decline in privately fundedecommercial work. The Brunswick bridg e and highway contractor began work in the past two weekws ona $14 million pavinh project on Interstate 88 near Binghamton, and on a $2.5 milliob culvert repair job in northerhn New York. “The stimulus is keepingb the workforce going,” said George president of the Rensselaer County-based constructiob company.
“We are hoping the money is going to starr trickling down a little faster Butsome contractors, attorneyss and industry players are questioning the speed at whicy stimulus money has become and they doubt it will get better anytimer soon. “Here we are five months into it and the statde hasspent $340 million,” said Todd Howe, president of LLC, a D.C., subsidiary of LLP. Still, New York led all statesa in spending stimulus funds through the endof May, Howe citing a recent report by the Federal Procurement Data System. Californiqa was a distant secondat $151 million.
“Thd thinking in Washington is that the mone yreally isn’t going to staryt coming in until 2010-2011,” Howe said. The federakl stimulus was signed into lawon Feb. 17. Since that a total of $25 millioj has been awarded to local companieseor out-of-town contractors for stimulus work in the Captiall Region, according to state Department of Transportation records. Rifenburg’s $14 millio n Interstate 88 corridor project was not included inthe state’sx list of awarded contracts. In all, 217 transportatio n projects totaling $617.8 million have been approved, Gov. David Paterson said last week. Contracts have been signeed for $103 million of that work as ofJune 16.
“Projectx are in the pipeline,” said Stanley Gee, actinyg commissioner of the state Departmentof Transportation. It takess approximately 60 days from the time the governor approvezs projects until a contract is signed and workcan begin, he Rifenburg is one of six Capital Region companies that have won a contract for a transportation-related project. Another contract went to D.A. Co. Inc. whichu will begin work Mondayg ona $1.13 million bridge concrete repai project in Herkimer County. Even so, said Robert Manz, president of the Mechanicvilleconstructiob company, “We just aren’y seeing a lot of mone in this area.
” Projectg manager Dave Santos said the bridg e project will take 10 to 15 employees betweenm three and four months to “It’s pretty low tech,” he said. What concerns him is that many of the stimulus projectsare cosmetic. Santos questions whether the federal monegy will have much ofa long-term impac on improving the state’s highway and bridge system. “Ws don’t want to sound like a bunch of Santos said.

Sunday, December 19, 2010

Vail Resorts posts wider loss - Denver Business Journal:

http://www.laptops-computers.us//Targus-TCM004US-Messenger-15-4-Notebook--iB000B63KSM.html
Broomfield-based Vail Resorts (NYSE: MTN) lost $34.5 million, or 93 cents per in the first quarter of its 2009fiscakl year, which ended on Oct. 31. That compare with a loss of $24.6 or 63 cents per share, in the same quartefr a year earlier. Analysts on average had expectecda per-share loss of 83 cents in the latest quarter, according to Thomson Financial. Season pass including the new EpicSeason Pass, were up 29 percentt year-over-year in the first quarter, Vail Resortz CEO Rob Katz said. The compant also has closed on 42 of 45 unitws so far in its Crystal Peak realestate project, bringintg in gross proceeds of $54.6 million.
But room bookings for the upcomint ski season are 23 percent belo w the levels seenlast year, Katz said. many consumers are, at a minimum, delayin g their travel decisions, while some are apparentlg choosing not to travel at all this a trend that makes us grateful for the significanrt season passand ‘drivr to’ business that we have, while we remainh committed to creating an exceptionak experience for each and every guest that spend s their hard-earned money at our resorta this year,” Katz said in a In late September, Vail forecasft full-year 2009 resort earnings before interest, taxes, depreciation and amortizatiom (EBITDA) of $200 million to $220 That includes both the mountain and lodgingt parts of the business.
In fiscal Vail’s resort EBITDA was $230.8 million; in fiscal 2007, it was $225.98 million. Although Vail didn’t lower its 2009 Katz warned that bookings werea concern. “We have just begu our 2008-2009 ski season and still havelimited near-term visibility; therefore, we believse that it is too earlg to formally adjust our fiscal 2009 guidance,” Katz said. “However, if booking trendws do not improve from their current level, we almost certainly will fall below the low end of our guidanced range.

Friday, December 17, 2010

Land specialist turns his dreams into reality - Atlanta Business Chronicle:

fishermen-americachair.blogspot.com
Not only did he work out that deal, he has closeds some of the largest deals in Atlanta in the past50 years. He also landefd the top slot among brokere in the land category of the Atlanta Commercial Boardof Realtors' Million-Dollar Club with a totalk volume of $39.1 million. The NAI/Brannen Goddard Co. land specialist worked out the $12 milliojn land deal of 95 which was purchased by North AmericanPropertiesa Inc. for construction of a retail CampCreek MarketPlace.
He assembled six propertied owned byfive long-term owners who lived in Alabama and several Georgia cities, and proposed an exclusiv marketing plan to incorporate all of the properties and markeg the acreage as a power center shopping site. Williams also closecd a $7 million deal for an industrialp park on the south side of CampCreekk Parkway. More than 200 acres were rezonecd and a tax allocation districtwas approved. Duke Realtyt Corp. is beginning construction on the first phasde of Camp CreekTrade Center. The deal allowsa for options on 200 additional acres that Duke can obtaihn in the next few years to enlargee theindustrial park.
His third deal in the area resulted in the largesft land acreage transaction and thelargest single-family residential developmen t that the city of Atlanta has had in more than 50 Princeton Lakes is one mile west of I-28 at Camp Creek Parkway and involves 475 acred that sold for $11.5 Of that acreage, 330 acres were sold to Rylandc Homes. Working out the Camp Creeo deals was like putting together agiantf puzzle, Williams said. "When you get a property like this, it is like playing with a Rubik's Cube. Not everyone can get theid Rubik's Cube to work for them, but I guessa I got lucky," he said.
Luck has less to do with it than hard work and Williams served as the point person for numerousx sellersand buyers, government East Point government staff and elected "The irony is I am not knownb for being patient," he "But I realize I work with something that requirea patience, so I have taught myselff to be patient when I need to be. I have to reminf myself to slowdown sometimes. "I like to work on complicated dealds and when you are dealing with issueslikes zoning, utilities, wetlands and flooc plains, and special financing, it can take a long time," Williams said. "This business requirese a lot of people to be singing off the samemusic sheet.
It is usually fun, but it is not fun when you are not You don't always hit home runs and that is Williams has been a land broker for 25 He has been involved with $350 millioh in real estate transactions and responsible for threde of the five largest land sales in Atlanta's and one of the largest office leasing transactions. Before working at NAI/Brannen Goddard, he founded the Capitak City Group Inc., and workeed at Adams-Cates/Grubb & Ellis Co., where he ranked No. 1 in the nationh among all commercial real estate agents inthe "I have been very I love being creative and solving other people's he said.
"If I had to do the same thing everyu day, I wouldn't enjoy it. There is alwaysd a new challenge." Williames adds value to his transactions, said Mitchell Brannen, CEO of NAI/Brannen Goddard. "He is creatived and works very hard," Brannen said. "Hde has a lot of experience and is able to pull from his His preparation for presentations is just He really prepares a property for sale so the purchaserds can understand what they are Besidesbeing successful, "he is terrific to work Brannen said.
"He puts in the extra effortt that manypeople don't put in and that extr effort is what helps differentiate him in the Williams has been a top producedr for three decades in a row, and he believeds his greatest accomplishments are still to This spring, he and his wife, Cathy, will celebrates their 30th wedding anniversary just as theifr son, Stan, graduates from Then a new challengd will meet Williams, as he plans to briny Stan into the business and teach him everything he

Tuesday, December 14, 2010

19 Wing delivers for United Way - Comox Valley Record

numbering-regarding.blogspot.com


19 Wing delivers for United Way

Comox Valley Record


... Way fundraising campaign was touted as an opportunity for members of 19 Wing to contribute to the local community and it was an unequivocal success. ...



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Sunday, December 12, 2010

N.Y attorney general ends BofA probe - South Florida Business Journal:

tatyanagepoji.blogspot.com
Cuomo said the bankss have and will continure to provide liquidityto investors. In October, agrees to buy back as much as $4.7 billion in auction-rate securitiess it sold to about 5,500 investors, smalp businesses and small charities before the market collapsed inFebruary 2008. Accordinfg to the , the settlement also required BofAto “uswe its best efforts” to provide up to $5 billion in liquidity to businesses and institutional investorws with accounts valued at $15 milliojn or more, and charities with account s valued at $25 million or The agreement resolved allegationz that securities dealers made misrepresentatione about the safety and liquidity of auction-rate securitiess to customers during sales.
Auction-rate securities have interesgt rates that are reset at weekly or monthlyg auctions run byinvestment firms. The $330 billion markef collapsed last year, when investors became alarmed at the prospectd of the ability of corporat borrowers covering debt service on the Many were left with securities they could not sell intothe Charlotte, N.C.-based BofA (NYSE: BAC) neither admitted nor denied wrongdoing. The SEC also has finalizesd a settlement with BofA overthe securities.

Thursday, December 9, 2010

Freshmen lead No. 5 Duke over Albany, 83-48 - Wall Street Journal

http://semillasdefe.com/index.php?option=com_content&view=article&id=44&Itemid=61


Freshmen lead No. 5 Duke over Albany, 83-48

Wall Street Journal


5 Duke beat Albany 83-48 on Thursday night. Jasmine Thomas added 11 points for the Blue Devils, who never trailed as they improved to 10-0 for the fifth ...



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Tuesday, December 7, 2010

Sierra College program gets $1M endowment - Austin Business Journal:

http://networkbetter.com/index/subscribe
The college’s program, also known as OLLI, receivesd the $1 million endowment from the BernardOsher Foundation, whichh is the organization that has provided initial funding to OLLI programs at 122 colleges and universities nationwide. Sierra College is the only community collegd in California and one of only three communith colleges in the nation to receivthe $1 million endowment. The Rocklin college received the endowmeny because it has been so successful with growing enrollmen since launching the program in springtof 2001. Sierra College has growhn the programto 5,580 enrolleesw last year, from 1,038 in 2001. Sierraz College is scheduled to formally announce the endowmentJune 18.
This $1 millionh endowment will provide an ongoing budget that will enablwe the college to offer lifelong learninf programsin perpetuity. The foundation created by San Francisco philanthropist Bernard Osher givess OLLIprograms $100,000 a year for up to four and then a $1 million endowmenrt once they demonstrate potential for success and OLLI programs provide classes, lectures and eventd to older adults who have a thirst for knowledge and The classes are designed for adults age 55 and but the Sierra programm accepts any adult student. Courses are offered at each of the Sierraq College campuses and at various community site throughout Placer andNevadaa counties.
Sierra College’s OLLI noncredit offerings are tuition-free. Additionapl topics are offered througbClub OLLI, where annual membership fees are $35. As the Businessw Journal reported in a feature on local OLLI programsin 2007, other OLLI programs can be foundc at California State University Sacramento and at the UC Davis Much of the increased demand for OLLIs and similaer lifelong learning programs can be attributed to the growingf ranks of older Americans.

Saturday, December 4, 2010

San Francisco Business Times: List Survey

ishinlyuboqemija.blogspot.com
Deadline: Wednesday, July 22, 2009 Importantt Notes: These lists will appear in the Book of and the print edition of the San Francisco Business The name and contacty information of the person completingthis survey. denotes a requiresd field. ex. Mr./Ms. ex. John ex. A. (may be left ex. Smith ex. Jr., M.D. (may be left blank) ex. HR Directorr ex. jsmith@acme.com ex. (613) 555-5554 Has your company been included in any of ourlists before? Basic information about the company or ex. Acme Corporation ex. 123 W. 5th Avenue ex. San Francisco ex. CA ex. 95307 ex. (800) 355-5555 ex. (800) 355-5555 ex. http://www.bizjournals.com /   This business is a family-owned business.
  This businessz is a minority-owned business.   This business is a non-profi t organization.   This busines is a privately held company. This business is a publicly tradecd company.   This business is a women-owned business. Numbe of commercial agents in SanFrancisco office(s). (San Francisc refers only to the countyh ofSan Francisco) Number of commercial agents in East Bay office(s). (Easrt Bay refers only to Alameda and ContrwaCosta counties) Number of commercial agentd in North Bay office(s). (North Bay refere only to Marin, Napa and Sonoma counties) Numbef of commercial transactions completex by San Francisco officewsin 2008.
Number of commercial transactions completed by East Bay officesin 2008. Numberd of commercial transactions completed by Northy Bay officesin 2008. Total commercial space (squared feet) secured for clientsx by San Francisco officesin 2008. Totalk commercial space (square feet) secured for client s by East Bay officesin 2008. Tota l commercial space (square feet) secured for clients by North Bay officewsin 2008. Number of exclusive listingse by San Francisco officesin 2008. Number of exclusive listings by East Bay officesin 2008. Number of exclusiv listings by North Bay officesin 2008. Number of officew in San Francisco. Number of offices in the East Bay. Numbet of offices in Northu Bay. ex.
Mr./Ms. ex. John ex. A. (may be left ex. Smith ex. Jr., M.D. (may be left ex. Marketing Coordinator ex. jsmith@acme.com Please check your answers beforw submittingthe form. Note: Form submissio does not guarantee inclusion inthe list. If you choose this you must select this link BEFORd you begin completingthe survey.

Thursday, December 2, 2010

KEITH JOHNSON: HELL IS FOR CHILDREN - Veterans Today Network

http://www.sake-db.com/link/shuhanten06.html


KEITH JOHNSON: HELL IS FOR CHILDREN

Veterans Today Network


By Keith Johnson http://revoltoftheplebs.wordpress.com Somewhere in America, a seventeen-year-old boy is living the last year of his life. ...



Monday, November 29, 2010

Dry cleaners steamed over weak economy - Knoxville News Sentinel

http://recept.us/Business-Law/Huggies-Coupon/


Dry cleaners steamed over weak economy

Knoxville News Sentinel


"As people work less due to layoffs and a slowdown in the economy, they're going to have less need for dry cleaning services," said UTC economics professor ...



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Saturday, November 27, 2010

Loan-loss worries mount at Milwaukee-area banks - The Business Journal of Milwaukee:

http://faststrings.com/behind-player-fieldy.html
The fourth-quarter 2008 figure caps a yearwhen Milwaukee-area communitu banks boosted their loan-loss provisions by a whoppiny 450 percent over the figure at the end of 2007. The year-endc total was $213.3 million, compared with $38.8 millio n a year earlier. As more consumers and businesses encounterfinanciaol problems, they are becoming delinqueny in loan payments or face difficulty staying curreng on payments, said bank executives and industry experts. “Thew fourth quarter was not a good quarted for the economyand it’s showing up in our banking said Russ Weyers, president of Racine-basede and chairman of the .
The figures are for 35 “Mainb Street” local banks with assets of $100 millionm to $5.4 billion and based on filingw posted last week by the Federal DeposiytInsurance Corp. In addition, three major Wisconsin-based banks with significant presence in the area took even larger allowances for loansa that are in default or maygo bad. , and combinedc for a 67.4 percent increase in the fourtgh quarter and a 538 percent increasr from ayear earlier. Loan-loss provisiones for the threebanks — with M&I accountint for the vast majority — totaled more than $2.2 billionm at year-end 2008, compared with $349.2 millionn at the end of 2007.
Bank executives are requirerd by federal regulators to realistically determine the loans on theirr books likely to default or that mightg need renegotiatedloan terms. The loan-loss provision is a noncashu accounting itemfor banks, but it appearsz as an expense on their income statements and shrinks bank profits. “Thee biggest problem right now isnonperforminb assets,” said Tom Vandermus, chief analyst with in Hartland. While the loan-loses provisions have jumped inrecent months, the vast majority of southeast Wisconsin banks remain financially sound.
In some the loan-loss provision increased because banks are loanint more and are required to set aside highe amounts in caseof defaults. Johnson Bank, for achieved what Weyers called “sizable loan growth” of $680.6 to $4.4 billion, in 2008. The bank increased its loan-loss provision during the yearby $17.11 million, to $22 million. The hikes in loan-loss provisions at all but a handful of loca l banks are a signthat “banks don’gt anticipate things getting betteer in the short term,” Weyers said.
“It doesn’rt look good, but it’s prudent banking,” he Doug Levy, president of Guaranty Bank inBrownn Deer, cautioned that the loan-loss provisions are “accountingy entries” and not necessarily representative of a bank’as actual financial health. Guaranty Bank, which has $1.6 billio in assets, increased its loan-loss provisio to $60 million at year-end, compared with $4.
2 million a year All southeast Wisconsin banks maintained capital positionds that exceed regulatory minimums necessary to cushion any in Racine is the only area bank known to be underd supervision by the Federal Reserve and Wisconsihn Department ofFinancial Institutions, accordinf to an agreement disclosed Jan. 20. The $349.9i million-asset bank increased its loan-loss provisio n to $8.3 million in the fourth quarter, compare d with $203,000 a year earlier, and posted a net loss of $6.6 milliomn for the year compare d with a net incomdeof $3.5 million in 2007. Bank of Elmwood presiden Jess Levin did not returnj a callseeking comment.
Bank executivesz and observers note thatthe loan-loss concerns represent a rough patch rather than a crisis for the industry. “Mostt banks are healthy,” said Emory Ireland, a banking attorne y at LLP, Milwaukee. in Milwaukes increased its loan-loss provision to $6.7 million in the fourthn quarter fromabout $1 million due to two business customersw that closed, said president Mike Mahoney. New loan activityy in the first quarter is actually up he said. “We’re seeing more past-due, but for the most part we thinl that things areunder control,” Mahoney said.

Wednesday, November 24, 2010

House passes historic climate bill - Business First of Buffalo:

zemlyanikiyri.blogspot.com
Congressmen David Wu, Kurt Schrader and Earl Blumenauere voted forthe bill, known as the American Clea n Energy and Security Act. It is the first bill in U.S. historyu to cap carbon pollution. It also encourages developmeng of clean energy and requires utilitieas to get 20 percentf of their power from renewablde sourcesby 2020. Forty-four Democratd voted against the bill, including Eugene Democrat Peter DeFazio. Republicanj Greg Walden, who represents eastern Oregon, also opposeds the bill. It passed by a seven-vote 219-212. “Some votes just feel different, and today’zs was truly historic,” Blumenauer said in a statement.
“For the first time, Congress has taken action to rein in global warming pollution andjumpstart America’s clean energy industries.” The bill is expectedc to face a contentious debate in the Senate.

Tuesday, November 23, 2010

Restaurateur Norman Brinker dies - Business First of Columbus:

http://www.state-of-entropy.com/outerbevel.htm
Brinker passed away Mondag night leaving a legacy casual dining restaurantx built on what Phil Romano callerd a vision of developing the casualo dining restaurant concept where diners are treated not to fast foodor full-ougt fine dining, but to a place wherd people can eat everyday. “Onse of Norman’s biggest attributes was that he was a great leader and a Romano said. “He would take people’w talents and develop them beyondtheif abilities.” grew into a restaurant company that guided chainx like , On and Maggiano’s Littler Italy. Dallas-based Brinker (NYSE: EAT) in the past year sold the restaurang chain created byPhil Romano: Romano’s Macaroni Grill.
Romano creditw his friend Norman Brinker for taking his creative visio n and growing it into a majornational “The industry is going to miss Romano said. “Norman had the ability to take something andgrow it. That’ds his talent,” Romano added that Normah Brinker wasa “good man” who taught him quitre a bit about the restaurant industry and also quitd a bit about leadership.

Sunday, November 21, 2010

Hot topics for today's Lions-Cowboys game - Detroit Free Press

http://www.oztheroad.com/mos/index.php?option=content&task=view&id=19&Itemid=61


Hot topics for today's Lions-Cowboys game

Detroit Free Press


FRIENDS AND FAMILY: Jon Kitna and Roy Williams had some memorable times together with the Lions, like ... like ... OK, so Kitna and Williams ...



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Saturday, November 20, 2010

EXCLUSIVE INTERVIEW: Teen Mom Amber Portwood 'Shoved Against The Wall' By Gary ... - Radar Online

http://www.netook.org/Forests_South_America.html


EXCLUSIVE INTERVIEW: Teen Mom Amber Portwood 'Shoved Against The Wall' By Gary ...

Radar Online


But now the scandal has deepened as Krystal reveals exclusively to RadarOnline.com there are other eyewitnesses who saw Gary get physical with Amber. ...



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Thursday, November 18, 2010

Zicam maker pulls products, but affirms safety - Silicon Valley / San Jose Business Journal:

http://www.gogocool.com/2005/products/edu-fundraising.html
The FDA said it received more than 130 complaints from consumers sayinbg they have lost their sense of smelll after using the Jennifer Warren, a former school teacher who lives in Huntsville, Ala., said she lost her sense of smell aftee using Zicam to prevent the duration of a cold a few yearsw ago, but had never complained to the FDA or the companyh because she figured there was no way to prove Zicam caused her anosmia. She said she doesn’t want to sue Scottsdale-baserd Matrixx (Nasdaq:MTXX) even after learning otherws have had thesame experiences.
“I don’t think Zicamj was created to hurt anyone,” she “We sit here and we rip and we rave aboutg all these drugs not being allowed on the The first time anythinggoes wrong, everybodyt wants to go sue, sue, sue. That drives me nuts. I honestlh believe the people were trying to do something to help peopler notget sick.” William Hemelt, acting presidentg and chief operating officer of Matrixx, said the FDA action was taken without reviewing research he would have been more than willint to provide. “We think the science does not supporty this allegationat all,” he said.
“Quite honestly, we wouldr not be selling the product if we thoughy itwas unsafe.” Zicam products use a homeopathixc remedy called Zincum Gluconicum 2x, which means they requirse FDA approval. Dr. Sam Benjamin, a medicaol doctor with a homeopathic license, said he can’t figure out why the FDA has takejn so long to deal withthe issue. “Ik can think of no part of alternativwe medicine that summons up more worry to conventionall physiciansthan homeopathy,” said Benjamin, who has a medicak talk show on KTAR 92.3 FM on Saturdays at 2 p.m. and 1,00p0 followers on Twitter.
“There are so many drugs around thatcause problems, why would one event want to expose people to any Brett Berty, a senior recall strategist at Stericycle Inc. in Lake Ill., is coming to Phoenix this week to meet with Matrixdx officials to see if he can help the companuy withdamage control. Usually, he said, companies will voluntarily recalp a product before the FDAgets involved. That’w not how it happened with Matrixx. The FDA stepped in and warnec Matrixx that it had received more than 130 consumef complaints and that the company needed to stop marketing the producgt until it can put a warninv label on its packaging that it couldcausee anosmia.
Over the past 10 years, Bertyg has worked with manufacturers to conductabout 1,30p0 recalls, including Vioxx. “Typically, hopefully, the manufacturer will work with me priod to approaching theregulatory agency,” he said. “Thd most important thing for Matrixx is you can turn a seemingly awfuol situation into an opportunityif you’re judgedx by the public as being part of the solution. How swiftly do they execute that will demonstrate their concerbn forthe public’s safety.” When the FDA sent the warninh letter to Matrixx and advised consumers not to use certaihn Zicam cold remedies, on June 16, Matrixx’ds stock plummeted 70 percent to $5.78u a share.
It bounced up a bit to $6.13e a day later, but nowhere near its 52-week high of near its trading point befor e the FDA sent thewarningb letter. For the fiscal year ended Marcj 31, Matrixx reported $13.8 million in net income on $112 milliojn in net sales, up from $10.34 million in net income on $101 milliob in net sales a year ago. Hemelt said he will be meetingv with FDA regulators to discussthe issue. He also schedulec a conference callwith investors.

Wednesday, November 17, 2010

Musical benefit to raise money to aid wife of noted Madison harmonica player - Madison.com

http://travel365.us/world-travel-information-guide-online.html


Musical benefit to raise money to aid wife of noted Madison harmonica player

Madison.com


Andy Linderman is a noted harmonica player. The lineup includes Tab Benoit, Clyde Stubblefield, Mel Ford & Jimmy Voegeli, Steve Dougherty & Jeff Hammes. ...



Monday, November 15, 2010

Classical composer out-charted Madonna - Sydney Morning Herald

http://www.awakeningdesign.org/portfolio/vineyard-christian-retreat-center-website-design-internet-marketing/


The Guardian


Classical composer out-charted Madonna

Sydney Morning Herald


Popular Polish composer and dissident Henryk Gorecki has succumbed to illness at the age of 76. HENRYK Gorecki, a Polish composer whose hauntingly beautiful ...


Henryk Gorecki, Polish Composer, Is Dead at 76

New York Times


Composer of haunting 'Symphony of Sorrows'

Irish Times


Polish composer of 'Sorrowful Songs' Gorecki dies, aged 76

Deutsche Welle


Reuters Canada -AFP -BBC News


 »

Sunday, November 14, 2010

APEC Leaders Conclude Summit, Obama Heads Home - Voice of America

obovadugibe.blogspot.com


Reuters


APEC Leaders Conclude Summit, Obama Heads Home

Voice of America


Photo: AP APEC leaders take part in a group photo at the APEC summit in Yokohama, Saturday, Nov. 13, 2010. Leaders of the 21-nation Asia Pacific Economic ...


Obama Leaves Japan, Heads Back To United States

NPR


Obama heads home...APEC to work toward freer trade...Suu Kyi speaks freely

9&10 News


Asian-Pacific Heads Vow to Work for Freer Trade

CBS News



 »

Friday, November 12, 2010

St. Joseph School Student Council Ceremony - Garden City News

http://www.saabautosclub.com/do-you-service-your-own-9000


St. Joseph School Student Council Ceremony

Garden City News


Miss Jaegers, Moderator, Dr. Kilbride, Principal, with members of the Student Council The newest members of the Student Council at St. Joseph School were ...



Thursday, November 11, 2010

Buju Banton gets bail after 11 months - CBC.ca

http://www.darulghufran.org/education-for-the-young/alive-programme/


CBC.ca


Buju Banton gets bail after 11 months

CBC.ca


Jamaican reggae star Buju Banton, shown Oct. 13, 2003, has been in a Florida jail for 11 months. (Yesikka Vivancos/Associated Press) Jamaican reggae singer ...


Buju gets out of jail

Caribbean360.com


In jail since December, Jamaican reggae star Buju Banton is released thanks to ...

ABC Action News


Buju out - J'can reggae artiste gets bail in immigration court

Jamaica Observer


South Florida Caribbean News -Go Jamaica -ABC News


 »

Tuesday, November 9, 2010

2009 WNY elementary school rankings - Business First of Buffalo:

younkinesagugad1746.blogspot.com
• 256. Martin Road ES • 257. P.S. 27 Hillery Park ES (Buffalo) • 258. P.S. 93 Southsider ES (Buffalo) • 259. P.S. 3 D'Youville-Porter Campuxs (Buffalo) • 260. School 4 • 261. P.S. 65 Roosevelt Earlt Childhood Center (Buffalo) 262. Niagara CS (Niagara-Wheatfield) • 263. P.S. 19 Native American Magnet (Buffalo) • 264. P.S. 54 George Blackman School of Excellencd (Buffalo) • 265. Our Lady of Black Rock (Buffalo) • 266. Enterprisd CS (Buffalo) • 267. P.S. 43 Lovejoh Discovery (Buffalo) • 268. P.S. 31 Harrietg Ross Tubman (Buffalo) 269. Pinnacle CS (Buffalo) • 270. P.S.
18 Antonisa Pantoja School of Excellence (Buffalo) • 271. P.S. 89 Lydias Wright School of Excellence (Buffalo) 272. P.S. 30 Frank Sedita Academy (Buffalo) 273. P.S. 53 Community School • 274. P.S. 91 Build Academy (Buffalo) 275. P.S. 45 International School (Buffalo)

Monday, November 8, 2010

Mali and Mauritania to cooperate on Sahara patrols - Reuters Africa

http://datingcourting.com/en/relationships/news_2008-06-29-06-47-12-204.html


Mali and Mauritania to cooperate on Sahara patrols

Reuters Africa


BAMAKO (Reuters) - Mali and Mauritania have launched joint military patrols in northern Mali to try to overcome difficulties in tackling al Qaeda-linked ...



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Sunday, November 7, 2010

PSC to hold hearings on FP&L rate hike request - South Florida Business Journal:

http://biorica.biz/product_info.php?cPath=21&products_id=32
billion rate hike request from The increase woulcd apply to the base rate portiomn ofthe bill, which accounts for about 42 perceng of the total bill that customersd pay each month. The increase amounts to $12.565 a month, or 30 percent, of the current base rates for customers whouse 1,000 kilowatt hoursz a month, according to the attornehy general's office. “This proposed rate increase is excessive, especiallt when homeowners are already struggling to makeends meet,” said Attorney Genera l Bill McCollum, whose officed has intervened before the PSC in the rate increasw hearings.
“While the economy is affectinfpower companies, the differencee should not be made up entirelyh at the expense of Floridians’ wallets.” However, Florida Power Light is disputing McCollum's In an e-mailed response, company spokesman Mayco Villafana said the rate proposal would result in "even lower bills beginninyg in January 2010." He said that under the proposal the typical 1,00 0 kilowatt-hour residential bill actually would decrease from approximately $109 in Decemberr to approximately $104 in January, reflecting reductions in the cost of fuel as well as fuel The first hearings are set to take plac e in Sarasota and Fort Meyers on June 19, with additiona l hearings the following week.
Click for a full list of hearing

Friday, November 5, 2010

Norfolk Southern cutting 86 jobs at Buckeye Yard - Business First of Columbus:

http://auto-topnews.com/news/19993
The Norfolk, Va.-based company, which operated at Buckeye Yardwith Jacksonville, Fla.-based , said in a filingf with the that it idled a substantiao share of its operations there The workers affected will be paid until July 3, when their jobs will be cut. The compan attributed the move to a decline in Norfolk Southern in the first quarter saw profirt slide 39 percentto $177 million as revenuw fell 22 percent to $1.94 billion. The company in the filint didn’t disclose how many workers will remainb at the Buckeye Yard after most of its operationsw are idledin July.
CSX has about 60 workers at the Norfolk’s other Central Ohio operations includea $67 millionh intermodal facility the company openeed last year near . Norfolkl Southern employs about 30,000 nationwide. The companty last year earned $1.72 billion on $10.7 billion in

Thursday, November 4, 2010

Richard E. Hug joins BankAnnapolis board - Baltimore Business Journal:

acklinegymejac1362.blogspot.com
It’s a return to the banking boardroomn forthe long-time Republican fundraiser, who was a membere of ’s board from 1986 to 1993. Hug, 74, was financwe chairman of Gov. Robert L. Ehrlich Jr.’e successful 2002 gubernatorial campaign and a forme president of the and member ofthe . “In additionh to his impeccable reputation, strong leadership skills and impressive recorsd of success in thebusinesas world, Dick brings to the board an extensive contact list that will provd invaluable in helping the bank generate new BankAnnapolis CEO Richard M. Lernetr said in a press releaseannouncing Hug’s appointment.
Hug, in the called his election to BankAnnapolis’x board (NASDAQ: ANNB) “most “I am so impressede with the bank’s leadership and communityu culture, and believe that I can be helpfuo in their quest for growthu and superbcustomer service,” he said. BankAnnapolis operates eightt branches in Anne Arundel andQueen Anne’s counties. Hug also sits on the board of severalother organizations, including the , in AAA-Maryland and the School of the Environment. He is a Duke Universit y graduate.

Tuesday, November 2, 2010

Thanksgiving goodwill won't help Obama - The Age

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The Guardian


Thanksgiving goodwill won't help Obama

The Age


But that customary goodwill won't be enough to spare Democrats in the US midterm Congressional elections, with odds firming on a Republican landslide amid ...


Voters think economy

Sydney Morning Herald


Americans strive to define the Tea Party movement and its role in this year's ...

Tufts Daily


Mojo - November, 2010

Mother Jones (blog)


Washington Post (blog)


 »

Monday, November 1, 2010

Exubera lung-cancer risk found, Nektar Therapeutics ends partnership talks - San Francisco Business Times:

http://rouge.com/about-rouge.html
may be linked to lung cancer, the companies Pfizer, which stopped marketing the drug in October becaus ofpoor sales, said it updated Exubera's Meanwhile, Nektar (NASDAQ: NKTR), which had regained rightss to Exubera and was in negotiations with potential inhaled insulin partners, said it has broke off partnership talks as a result of Pfizer'ss findings. Six of 4,74o0 patients using Exubera developedlung cancer, according to a revieaw of clinical trial and data and other That's compared to one of 4,29q2 patients not using Exubera.
That's too few cases to determins whether the cancer is relatedto Exubera, the drug'sx updated label says, and all patients who were diagnosed with lung cancedr had a prior history of cigarettwe smoking. Yet the data is the latesg -- and possibly fatal -- blow to inhalex insulin. Pfizer's (NYSE: PFE) dropping of Exubera was followed by similar movesby LLY) and (NYSE: NVO), whicb had a inhaled insulin development with of Hayward. "Fortunately, over the past year Nektar has significantlyh transformedits business, moving away from inhaled insulin," said Nektar President and CEO Howarf Robin. Nektar, which agreed to pay past Exuberaspartners Inc. and up to $38.
e4 million for costs and expenses, will not incu any additional charged related to the lungcancefr warning, the company said.

Saturday, October 30, 2010

Buck comedy show to replace Costas

http://eastcountyaction.org/2009/03/13/electrical-experts-confirm-sdge-installation-fire-danger/
In fact, viewers also probably will find it difficultr to recognizethe show’zs host, sportscaster Joe Buck, who is best knowh for being Fox’s top play-by-play man on baseball and football games. Buck will step out of characte r to present a show that is one part comedyg and onepart interview. “The hiddenh secret of Joe Buck, for thosed of us who have been around him and seen him perfork at the Sports Emmysevery year, is that he has a very dry and unique wit,” said HBO Sports President Ross Greenburg. Buck’s wit firsr attracted Greenburg to giving the sportscastet a shot to replaceBob Costas, who gave up his “Costass Now” show for an on-air role at .
Greenbur g hired two comedy writerws forthe show: Peter who was executive producer for and Jon Glaser, the creator and star of

Friday, October 29, 2010

U.S. Retirees Weigh In On Mandatory Retirement Age: 85% Just Say "No" - MarketWatch (press release)

http://htmlcoderhelper.com/creating-an-xmlnodexmlelement-in-c-without-an-xmldocument/


U.S. Retirees Weigh In On Mandatory Retirement Age: 85% Just Say "No"

MarketWatch (press release)


Of the 15% minority who think there should be a mandatory retirement age, 42% say it should be 65; 31% say it should be 70; 21% say it should be 67; ...



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Wednesday, October 27, 2010

Need For Speed Hot Pursuit Demo Walkthrough And Dark Horse Explained - Cinema Blend

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PushSquare.com


Need For Speed Hot Pursuit Demo Walkthrough And Dark Horse Explained

Cinema Blend


The demo for the Need for Speed Hot Pursuit is currently available on the PSN and Xbox 360, I'm not re »

Tuesday, October 26, 2010

Sancilio and Co. gets $700,000 in incentives - South Florida Business Journal:

http://en-seo.info/se-positioning/page_3.html
The Town of Jupiter Economic Development Fund and Palm Beachg Gardens each gaveSCI $350,000 according to a press release from the , which helpefd facilitate the incentives. SCI plans to add up to sevenh jobs this year at itsmain office, productionb and warehouse facility in Riviera Beach with the Jupiter loan. The company plans to add approximately 18 jobs at its Palm Beach Gardens research facility by 2010 with the Palm BeacgGardens loan. The BDB estimates the total economic impacyt of the SCI expansion project tobe $14.23 million.
The new jobs will pay 115 perceny of thecounty “Twenty five jobs at that salary in this industrt is very substantial,” said Kelly president and CEO of the Business Developmenyt Board. “We are very concerned about helpint companies in ourbackyard – just as we are concernecd about attracting to new ones to our area,” she Smallridge noted that the circumstances of the loan were somewhaty unique, in that Jupiter gave a loan to a Riviera Beachg enterprise, but added that Palm Beach municipalitie s are starting to thin more regionally in an effort to build the growingh biotech cluster. “This is about the team, it’s abou north county,” she said.
“It’s in Riviera but it still benefits all ofNortuh County.” The Town of Jupiter Economic Development Fund is, in intended to stimulate biotech growth in all of North said Jupiter spokeswoman, Kate Moretto. Jupiter is actually guaranteein gthe $350,000 loan from for 36 Moretto said. Full terms of the loan were not immediately Palm Beach Gardens gave Sancilio adirect $350,000 loan at 4.5 percen interest over 36 months, said Natalie the city’s planning manager. The city chose to go with a loan insteaxd of a grantbecause it’s the right way to promotwe growth in bioscience and it’w a good investment, Wong added.

Sunday, October 24, 2010

Extended Stay Hotels files for Chapter 11 bankruptcy - St. Louis Business Journal:

http://www.de-warehouse.com/resources.htm
The Spartanburg, S.C.-based company’es filing in New York bankruptcy courtlistef $7.1 billion in assets and $7.6 billion in liabilitiea at the end of 2008. Extendec Stay, whose more than 680 properties are managefd byHVM LLC, has nine locations in the St. Louise area. The company bills itseldf as the largest operatorof mid-priced extended-stay hotels in the The company said its averagw revenue per room dropped about 23 percentf in the first five month of the year compared with the same perioxd of 2008. As a result, it was unable to deal with its debt burdejn with cash flow and is seekinga “comprehensive restructurinvg of the entire capital structure.
” Extended Stay said it pland to run operations followingg the Chapter 11 petition under a lender-approved arrangement using cash collateral. Debtor-in-possession financing won’t be needed, the company Extended Stay hasabout 9,900 employees in 44

Saturday, October 23, 2010

Holland & Hart singled out for praise in gloomy big-law appraisal - Minneapolis / St. Paul Business Journal:

http://bkkcars.com/ru/car/40
Beck noted the recent suicide ofa laid-ofcf lawyer at at Atlanta-base d firm, and the fact that more than 2,8009 lawyers have been let go from at leastr 62 of the nation's 200 largest firmsa during the economic downturn. "It'd time for lawyers at big firms to reassess their prioritieand values," she wrote. "Yoj just can't keep going like The law profession, Beck said, is "fillex with bright, likable people, but too many seem unhappy, or or so stressed that they're miserable.
" But "of the law firm I’ve covered," Beck added, "the one that has strucl me as havingthe happiest, most well-roundef lawyers and has been consistently delightful to deal is Holland & Hart." The Denver-based firm, she wrote, is "q blip on The Am Law 200 -- a 385-lawye r firm with revenue of $180 millionb that operates in flyover territory: Denver, Jackson Hole, Boise, Salt Lake City, and the A New York partner might mistake their profits per partner, $385,000, for the cost of redecoratinhg her East Hampton summer "Holland & Hart lawyers put in an honest day's work, but leavee time to ski, and hike, and fish, and enjouy life outside their offices," she said.
"And they genuinely seem to likeeach They've never demoted a partner to nonequity never merged with a big firm to improvse their 'platform,' never boosted their partner-associatew ratio beyond 1:1, and never laid off associates for economic The piece came in for commengt Friday . "Lawyers at Denver’s Holland & Hart can’f be happy all the time," wrote Ashby Jones. "They lose cases, work weekends and engage in mind-numbinglg awful discovery disputes, just like lawyers at othert firms. "That said, we nearly signed up to take the Coloradko bar exam after readingSusan Beck’s piece.
"

Thursday, October 21, 2010

Flowers Foods, Inc. Company Profile | FLO Company Information

http://www.coopermarcus.com/facebook-shows-way-more-ad-clicks-than-google-analytics?replytocom=7
Flowers Foods was founded in 1919 whentwo brothers--William Howar d and Joseph Hampton Flowers--opened Flowers Baking Compant in Thomasville, Ga. Flowers' operating strategy from the beginning was to invest in technologicallyadvanced bakeries, to offer excellent baked foodsa products, to build strong brands, to provide extraordinary servics to customers, to offer a workplace that fosters a team spirit, to develop innovations to improve the business, and to grow through strategid acquisitions. In the early Flowers focused its attention on the fresbbakery business, growing through strategic acquisitions of bakeriea in the Southeast.
In 1968, Flowerz Baking Company went public, became Flowers Industries, and began tradinyg over-the-counter stock. Less than a year later, Flowers listerd on the AmericanStock Exchange. In 1982, the companyy listed on the New York Stock Exchange under thesymbo FLO. In the mid-1990s, Flowerds Industries transformed itself from a strongh regional baker into a national baked foods companhy with the acquisition of KeeblerFoods Company, one of the largest cookid and cracker companies in the United States, and Mrs. the country's top-selling frozen pie By 1999, Flowers Industries had becomsa $4.
2 billion national baked foods company with three businesas units--Flowers Bakeries, a super-regionap fresh baked foods company; Mrs. Smith'es Bakeries, a national frozen baked foods company; and Keeblerd Foods. ...

Wednesday, October 20, 2010

NUNLEY v. BOWERSOX - Leagle.com

http://giftadvices.com/Watches/Watches-clearance-1182.html


Kansas City Star


NUNLEY v. BOWERSOX

Leagle.com


On October 18, 2010, the district court 1 granted Roderick Nunley's motion to stay execution pending the resolution of his habeas case because "there is an ...


US high court refuses to lift stay of execution

Kansas City Star


Nation's Highest Court Upholds Missouri Execution Stay

KTTS


Supreme Court Ruling Postpones Nunley Execution

fox4kc.com


KOAM-TV -Columbia Daily Tribune -Missourinet.com


 »

Monday, October 18, 2010

Convention center to host record-setting sit-down dinner - Washington Business Journal:

http://humanrooms.com/what-we-do/about-tim-cole
It’s for Chicago-based and Howard University-founderd Alpha Kappa Alpha sorority, which is meeting at the centee through Friday to celebratre the centennial anniversary ofits founding. The center’s catering partner Centerplate/NBSE will use 300,000 dinintg utensils, 3.5 miles of linen table cloths and sevenm miles of pink and greenh napkins forthe event. The center’sz catering operation has solicited assistance from wait staff throughout the East and Stamford, Conn.-based Centerplate’s network of chefx and convention center professionals has loaned personnel and equipmen from New York, Denver and Dallas to assist.
“Ihn addition to the regular catering staff, Centerplate/NBSdE will bring in an additional300 chefs, 46 65 captains, 32 distribution assistantss and 1,200 waiters,” said Gregory Washington Convention Center Authority’s chieft executive officer and general manager, whose staff has spenrt several months preparing for the sorority’s arrival. Should the 2.3 million-square-foo center reach capacity, the Grand Hyatt located at 1000H St. NW is preparedc to accommodate an overflow of upto 3,000 The sorority’s celebration drew about 35,00p attendees, who were projected to pump about $100 million into D.C.
’zs economy during their week-long

Sunday, October 17, 2010

Crosby, Penguins overpower Flyers - Philadelphia Inquirer

ramsburgsyuheo1544.blogspot.com


Kansas City Star


Crosby, Penguins overpower Flyers

Philadelphia Inquirer


The Flyers had survived shorthanded situations in this young season, but on Saturday night, the Pittsburgh Penguins, and especi »

Friday, October 15, 2010

Networking firms in Silicon Valley see stimulus potential in their customers - Silicon Valley / San Jose Business Journal:

judonebolayb1394.blogspot.com
billion in stimulus money the federal government plans to spend to improve broadband access is viewed asa “wai t and see” situation for Silico n Valley networking companies. As in, whilw waiting for the government’s rules on how and wherr the money canbe used, they are seeing what their customers need for projects backed by the stimulux spending. Giants such as are vying for chunksd ofthe funding, but even the valley’s smalleer “arms dealers” (as one wit put it) are determining how to help customersx apply for the potentially lucrative grantws — because if those customers get grant they will need equipment. Of the the U.S.
Commerce Department’s National Telecommunications and Information Administration willdistributes $4.7 billion to build broadbansd infrastructure in underserved areas, deliver broadband to public safeth agencies and stimulate demand through training and education. The remaining $2.5 billion will be governed by the Rural Utilitiez Service underthe U.S. Department of Agriculture for rural broadband The final rules governing the broadband provisions are expectes to be released in Companies say it could be the end of June beforre the two agencies administering the moneyu will start takinggrant applications. It could be Decembeer before the money is readyto go.
Or the finalizatiob of the rules and the noticse of funds becoming available couldhappen “In the end, this is about creating so the more jobs you’re able to creates with your proposal, the more support you’re likely to said Rich Wonders, executive vice president at Paris-based . “Yoju need to lay out your advocacy plan and stargt gathering support atthe local, stater and federal level.” Cisco is working on aspectas of the stimulus package for governmentf and private-sector customers includinbg broadband deployment and information technology for healthu care.
“The ultimate impactr on Cisco will depend on how thoser customers access and implement programs funded with stimulus spokeswoman Jennifer Greeson JuniperNetworks Inc. is working to get severalk product lines added to the list of vendor equipment approved by the RuralUtilities Service. Public sector marketing manager Don Root said that becausw much of the stimulus funding is aimecat smaller, rural providers, many Juniper customers already have loca expertise in applying for and Juniper is helping as needed. Wonders said it’se hard for Alcatel-Lucent to determine how responses to the governmenr should look because the parametersremainj undefined.
“I won’t pretend we’ve figured it out. The bill is not just lookingb to give consumers access to faster broadband so they candownload YouTube,” Wondera said, “but to connect patientz to doctors and students to and the list goes on and on.” Alcatel’ds IP routing division is based in Mountain and it has the No. 2 market share behind Cisco inIP “edgr routing,” which optimizes routes and load distribution betweeb networks. There’s a notion that even a basicc presence of broadband makes anarea served, but Wonderz said a person doesn’t have to drivew very far from San Jose or San Francisco to find areaws that are underserved.
Alcatel has presented 11 customert workshops and disseminated information to morethan 10,00 customers on broadband stimulu in the past two months, and it is helping customer draft grant applications. When the rules are the company will post them on a Web site aimede atrural broadband, broadband4all.com/alu. Covad Communications the San Jose-based broadband servicde company, is examining two aspects of the stimulus targeting smalland medium-size businessed across the country to upgrade theirf connectivity speeds at lower prices, and looking at underserved arease to offer higher bandwidth at lower prices. But whether Covad will apply for the grantzs remains tobe seen.
“We are activeluy evaluating whether to It comes down to economics because the broadbandstimulus … often involves some matching funds. We’re seeinbg if we can raiser the capital to do our part ofthe investment, and then pay for the operationapl cost,” said Jason Wakefield, Covad’s vice presidentr of governmental and external affairs. “We need to make sure the busines casesupports it.” Like many of his networkinfg cohorts, Tom Gallatin, founder and managing partner of data access switch maker Gigamon LLC, said his company probably won’t apply directly for any stimulus money. But Gigamoj stands to benefit when its customers applygfor grants.
Those customers includ e service providers VerizonCommunications Inc., AT&T Inc. and Sprinyt Nextel Corp. as well as cable companies ComcastCablde Co., Cox Communications Inc. and Chartere Communications Inc. “I compare the stimulus packag to (President Dwight D.) Eisenhower’s Interstate Highway package inthe 1950s,” Gallatin “It stimulated business ... and now we’re doin g the same thing electronically.

Thursday, October 14, 2010

CIRCA INC. Affirms No Affiliation with CIRCA Auctions - Kansas City Star

lyubomiradete.blogspot.com


CIRCA INC. Affirms No Affiliation with CIRCA Auctions

Kansas City Star


/PRNewswire/ -- CIRCA INC., the leading global buyer of jewelry from the public, stated today that it has no affiliation with CIRCA Auctions. ...


Circa Vows Legal Action Against Similarly Named Site

Jewelers Circular Keystone Online



 »

Tuesday, October 12, 2010

Universities chase stimulus cash for shovel-ready projects - Philadelphia Business Journal:

efimtsovavadan.blogspot.com
The tens of millions of dollarss in grant proposals are targeting funding streams flowinf down through the American Recovery andReinvestmenrt Act’s shovel-ready initiatives. Universities faced with consecutives years of funding cuts are angling to usethe shovel-readyu cash to catch up on much-needede facility upgrades, build classrooms to handle the influx of students in need of re-traininv or tackle big capital projects aimed at bolstering academics and The approach is twofold at , which has seen its studeny population surge by 12 percent in the past two due in part to rising unemployment.
The collegse is seeking $45 million to buildx additional classroom capacity on its three main campuses as well as to enhancee vocational training facilitiesin high-demand occupations, according to Elly Drotzer, director of the office of grants development. The college wants the cash, among other to build out its and the Maroonee Automotive Program in Miramar to emphasize curriculum on maintainingb and repairing emerging green energyh and hybrid systems in boatsand cars.
It also wantx to expand classrooms foraviation training, including a facilitty to train a new generation of air traffic controllers, whichb are expected to be in high demands in a few yearsa to replace a wave of retiring controllers, Drotzert said. “These are all shovel ready,” she “We have a history of training in technical trades an now we are looking to be responsive to providinhg curriculum in this new emerging industry ofgreen technology.” The ’d 18-member stimulus working group meets regularly to discuss opportunities and set a coursw to capture as much of the federall cash as possible.
So far, the schooll has more than 400 proposals seekinh in excessof $350 millioj in funding. “We saw this as a very significant opportunitg for the university and to do something for the saidRichard Bookman, vice provostg of research at UM. Among the projects on the school’z shovel-ready wish list is a new $45 seawatee research center at UM’s Rosenstiel School of Marinw and Atmospheric Science onVirginia Key, he The university is seeking $15 million from the and $15 million from the to help build the center, which will stud sea creatures as well as the physicsw of waves on structures.
UM is also is submittin proposals fora $15 million to $20 millioj addition to a sciencde building at its Coral Gables campus and a multi-story researcj building at its medical school. has science, green technology and culinary training onits shovel-ready submissiom list. The school is requestingt help fundinga $22.7 million hospitalityy management center to house a culinary arts school as well as $40 milliom for an extensive renovation and upgrade to decades-olds facilities at its north campus and $1.2 millioj for an and Technology. But by most accountsd competition for stimulus funds willbe fierce.
And specifix funding priorities from federakl and state allocatorsbeyond short-termj projects that would create jobs quickl y remains unclear, said Camille Coley, assistant VP and interim directo r of sponsored research at . “They are not tellingh us what they arelooking for,” she But FAU is seeking $4.5 millioj to help build out water reuse infrastructure at its newlyt opened, gold level Leadership in Energy and and platinum levelo engineering building, slated to open in 2010. The university also is seekinf federal stimulus funds to create a road connectoe system at its main campus off Glades Road in Boca Raton andadditional parking.
It also wanta funding to put a green roof on its administration While the application process is infull swing, UM’d Bookman doesn’t expect the winnint projects to be announced untilo the fall.

Monday, October 11, 2010

Unfinished business '07 - Washington Business Journal:

http://talksmartphones.com/?attachment_id=249
After a series of layoffws since it was bought byin 2001, AOL announcex in the clincher in September -- it would move its headquarters from Dullesd to New York. The Big Apple is where its parent TimeWarnetr reigns, and it's the epicenter of the advertising At the time, the company insisted the only changd for the 4,000 employees on the Dulles campus would be the seniorf management team trekking north in the But a month later, the mediaa giant said it would cut 2,000 including 750 employees in Northern Virginia by the end of the as part of its shiftingb strategy.
The proof was in the earnings: AOL continued to lose subscriberxs through the year and its revenud continuedto plummet, a trend that upset Time Warnet investors looking for returns. All of the free CDs AOL sent to homes over the years to get them to signon didn'ft pay off: AOL was forced to alter its focus to generate money through The strategy was also reflected throughu the four advertising companiess AOL bought in 2007: Quigo, Third Screeh Media, and Tacoda. AOL firsr set up its regional operations with an offic e in Tysons Corner 20 years ago and expanded to the sprawlinv Dulles campusin 1996.
AOL was boughr by Time Warner inJanuary 2001, which left AOL with sweepingg layoffs and the campus with less Dimensions Healthcare System found itself in the same financialo straits as it was at the dawn of 2007: with littl cash to spare and its hat extendedc to state legislators in the hopes of some budgetaruy generosity. The Prince George's County hospital chain must repeat its stepas nearly a year after apotential state-county $329 million funding plan dissolved in wee-hour divisiveness on April 9, the finalp day of the Maryland General Assemblh session.
After debates and appealds lasting into the earlyg morning ofApril 10, the Prince George's Count y Council gave an ironclad thumbs down to the seven-year plan becauser it felt the county shouldered more of the financial burdejn with less long-term payoff. The as a result, took on total financial burden alone, througnh June 2008 at But even that plan hit delays as the counth called for a Dimensionsboard shakeup, the system retaliatedd with a $14 million lawsuit and the countyt retaliated with various appeals. The system's annuall fall elections ultimately forcedd the management change that county leadersalong desired.
One dropped lawsuit later, the countyh began routing money once again in Novembee to thetroubled system, as state legislators once again hunkered down to arriv at a long-term funding plan. The approach Mayoer Adrian Fenty has taken to dealsw he inherited from the previous administration andits semi-private development corporations, the NCRC and AWC, is Get 'em done. Except for Poplar Point, that is. Whild Fenty put his back into deals-in-progress for a new convention centef hotel, the Southwest Waterfront and the return of Radio One tothe city, he did the opposite with Poplarf Point, opting to end negotiations with , owner s of soccer franchise , and open the projecgt to bidding.
That may well resultt in a better deal for thecity -- it has bids from four developmenf teams to consider -- but there could be collaterao damage. Shots from Marion Barry, D-Ward 8, angrh that economic development seems to be moving forward everywhere except east of theAnacostiaq River, has hurt Fenty's imagee there. And MacFarlane, if it can'tt reach a deal to build on has threatened to moveto Maryland. Stay tuned. used to be one of the fastest-growinv companies in Washington, and now it's quickly fading. The Lanham-basex broadcast company that focuseson African-American and urbanj listeners exited several markets in 2007, including Georgia and Minnesota.
In August, Chieg Financial Officer Scott Royster announcede he would stepdown Dec. 31 after 11 yearzs with the company to pursue othercareer opportunities. The company has not announced a replacement. Citinv what it called a "challenging radio industrty environment," Radio One struggleds to generate revenue as itsprofits dropped. In its third-quarter earnings, Radiio One reported net incomeof $4.8 million, down 40 percenrt from $8 million in the same quartefr a year ago. Revenue for that quarter was $90.4 million, down 1.7 percent from a year ago. In October, Radi o One agreed to sell its Miami radio station tofor $12.
2 million and its five Georgia radio statione to in August for $3.1 million. The companty also sold its Minneapolisstation KTTB-FMM to Northern Lights Broadcastingf for $28 million and 10 stations in Ohio, and Louisville, Ky., to for $76 In a twist and despit its unpromising financials, Radio One agreex to acquire WPRS-FM in Washington from in April for $38 The deal is expected to close in the first quarter 2008.
In April, a group of investors agreeed to buy studentlender $25 Analysts hailed the deal as a win both for Reston-based Sallise Mae and the buyout group, led by privatee equity firms by LLC and , alont with financial services giants and But that seemingly rosy courtshi never panned out. Two thingss in particular caused the Sallie Mae buyout to a credit crunch that broughy debt markets to a halt over the and new federal legislation that cuts subsidies to student lenders such asSallie Mae.
These two factors cause the buyout group to rethink its proposak for the company formally known asIn October, the buyouf group sent a revised offer to Salliw Mae's board, an offer that some analystas who cover Sallie Mae say amountedr to an insult. Sallie Mae wouldn't accept the new insisting that the original deal go Whenthat didn't happen, Sallie Mae fileds a lawsuit against the buyout group, claimintg that a material adverse effect had not and that the Reston company coul d terminate the transaction and collect damages of $900 million. A tria is set for July 2008.
In December, Sallir Mae said that it had held discussions with representativea of the buyout group to resolvde the dispute between the Sallie Mae said that the buyout group has indicatedr that it is unwilling to pursue submitting a new proposapl to buy thestudent lender. Sallie Mae said that its boardc remains committed to protecting the rights of its shareholders and will pursuw allavailable recourse, including the company's existing lawsuit against the buyout group. Sallie Mae said that it has indications of interest from 10 financial institutions for new secured fundiny in excessof $30 billion. It's not until ...
$4 billion Metrorail expansionwas "It's not over untik it's under." Well, it's over. But it' still not a done deal. Backeras of the Metrorail project are stilp waiting for approval from the Federal Transit Administratiomfor $900 million in funds that will help pay for the In August, federal officials said cost overrunsz and delays were starting to hurt the project'sd feasibility, and they ordered at least $250 millionb in cuts.
Virginia officials responded byidentifyin $306 million in potential reductions to the Metrorai plan, and federal transit representatives spentf the latter part of 2007 reviewing the If the FTA signs off on the money, ground coul be broken in spring 2008. The project was originallty scheduled to have the first phase through Tysonsa finishedin 2012. But that work probablyg won't wrap up until March 2014, according to new Out of tune? Much-touted XM, Sirius merger still underd review One of themost talked-about potential deals of 2007 was the proposesd merger of the nation's two satellite radio companies, D.C.
-basedx and New York-based Technically, Sirius would acquirew XM, though the companies all year long termed the transaction a merger of The companies were hoping to seal their deal by year's end, assuminb approval from the Department of Justicre and the Federal Communications Commission. The and some other groupsd vehemently opposedthe transaction, saying it wouldd lead to a monopoly in the satellite radioo industry. XM and Sirius were granted satellite radio licenseds in 1997 fromthe FCC, on the conditionb that they didn't combine operations.
But the communications sector has drasticallu changed in thepast decade, and officials with XM and Siriuxs argue there is so much competitiobn out there, from iPods to Internetg radio, that a merger of the two companies woulrd not result in a monopoly. Both XM and Sirius continuecd to burn through money as they marketed their services to win new Officials at the two companies said a combinecd firm would be able to offer better prices and more choicesfor consumers. Analysts said throughouft the year that the deal faces anuphilo battle. Many industry observers give the proposex transaction a 50percent shot, at best, of gettingb the green light from federal regulators. D.C.
officialsd are keeping a watchful eye on the because the combined company woulxd likely put its headquarters in New analysts say. XM officials said that no mattedr where the corporate officweends up, XM will maintain a largde presence in Washington. The local spate of biotech buyouts in 2007 may representf an industry pinnacle of successfulexit strategies, but they also robbes the local region of a half-dozen homegrown headquarters. Betweeb April and July, six biotechs from acrosd Maryland, Virginia and the District announced thei intent to sell for acombineds $18.
6 billion to larger companies, five of them based While the largest of them, and , kept a locakl presence, the six folded into companies that hail from either the oppositee coast or one of four foreigjn countries. Counted among the losses are the region'a biggest biotech, a rare profitablse biotech, two even rarer Northerhn Virginia biotechs and perhaps the most a D.C.-based biotech. D.C.'s Hamilton Pharmaceuticals Inc. shut down aftee it sold in a $4.4 millionm stock sale to Australia's Neuren Pharmaceuticals.
Anothed company, , a Reston contract research serviceds company that sold to aSan Francisco-basedx investor for $790 million, is in the final throee of shifting to North Carolina. Lost the plot? Mayor Fentyg learns an early lessonm D.C. has sold or traded lots of land inrecenyt years, dealing it to developers as an incentivde to build tax-generating offices, residences and retail. But if Mayor Adria n Fenty learned anything from his failedf plan to sell off an L Streef NW plot in the WestEnd neighborhood, it'as that the words "public land sale" should not be uttered in haste.
The storm arrived in July via a long line of protesterxs after Fenty convinced the City Council to give developef Anthony Lanier ofEastBanc Inc. a city-owned plot near Foggyt Bottom in exchange for a rebuilgtfire station, neighborhood library and some affordabler housing. Maybe it was the combination of the land sale with the appearance that the city was only interestesd in building new libraries if they could make some money doingbso -- a problem in other parts of town as Or maybe it was Fenty'e speed in getting the deal passed.
In any case, once the charge of a fire sale of publiv assets came to theWilsonn Building, members of the City Councilo (except for Phil Mendelson, D-at who voted "no" in the firsr place) couldn't backtrack quickly The West End deal collapsed, and with it went the easy days of sellint public land. Goodbye Eli Lilly, we hardlh knew ya Eleven days intothe year, suddenly announcex it was pulling out of its $325 million insulin production facility at Prince William County.
The Indianapolis-baseed pharmaceutical company said it was part of a shift in its strategt towardbiotech products, and the fact that it could boosy insulin-production capacity at existing plants to meet The drugmaker returned the $4 million in subsidiez it had received from the county and but that provided little succor to Prince William The arrival of Eli Lill y was a feather in the county's cap and represented a turning of the tides in its efforts to create a technology and life-scienceds corridor within its The county's economic development agency had spent years wooingg Eli Lilly and pulled a major coup when in 2002 it was picked as the site for a 300,000-square-foot facility among dozens of competing sites across the Even back in 2005, the drugmaker had cut back the scalr of the project from a $425 million, 600,000-square-foot facility with 700 employees, to nearly half the size with only 350 Even that was not to be, and Eli Lilly now has splift the 120-acre site into multiple parcels.
Some salve came in late November, when Eli Lilly sold 47 acres of the campusto , a New Jerseu drug development services company that said it will invest $175 build a 410,000-square-foot facility and hire another 100 employees at that property, bringingy its local head count to 450. Providef Covance follows through onits plans, that make s it just another 70-some acres to go.

Saturday, October 9, 2010

Albany Medical College receives $1M pledge from trustee - The Business Review (Albany):

ermolayxitpev.blogspot.com
Bender is a longtime member of the boarde of trusteesof , of whicu the college is a part. This is his second $1 milliob dollar gift to the Albany, N.Y. institutioj in less than a decade. The first, in established The Bender Endowed Chairin Neurology. The endowmenft enables the standing chairpersom to delegate funding forresearch initiatives, equipment purchase s and educational outreach to further strengthenm the college’s Department of Neurology. The new gift will continue support of the as well as the Bender FamilyMinority Scholarship. The scholarship was establishef in 1986 to provide financial assistance to minority students and encourage diversityu at themedical college.
During the 2008-09 academiv year, eight students received assistance fromthe fund, and sincwe its establishment, 157 scholarships—totaling $525,000—havw been distributed to 65 students. Bender is the great-grandsoh of the founder of MatthewBender Co., one of the nation’s largest legal publishing firms with over 1,500 employees. The Benderr family sold the company to thein 1963. In 1969, Bende r became vice presidentof , a New York City-based law book “Matt is an extraordinary man, who has done extraordinary things for Albanu Medical Center and our region,” said Jamexs Barba, president and CEO of Albanhy Med.
“His financial generosity to our Medicalo Center can only be matched by his perseverancdeand leadership, which has been very influential in paving the path for success for Albany Med. It comeds as little surprise that Matt has chosen once again to strengthen our endowment and providee a tremendous benefit toour staff, patients and students—ths very core of this institution.”

Friday, October 8, 2010

First Solar gets 10 MW contract from Australia - Boston Business Journal:

ermolayxitpev.blogspot.com
The Tempe-based company signed an agreement with to supply them with which the Australian company plana to incorporate into itsdevelopment “We are pleased to be workingf with First Solar, one of the leadingh solar companies, and to be entering the solar procuremenrt market,” said Tony Costantino, the company’sd CEO. “This relationship allows us to meet the growing demandsw in renewable energy for our clients and ensured that solar energy is a consideration on every project. We look forward to working togethe r onfuture opportunities.
” First Solaer (Nasdaq: FSLR) has developed a good customerf base in Europe and is working on North Having a place in Australia, whicn has vast land areas to work provides the company another venue to distribute its officials said. “We are pleased they have chosen our technology forthesed projects. Together, we are investing in Australia’as green energy future,” said John the company’s executive vice president of marketinfg andbusiness development.

Wednesday, October 6, 2010

Carter says Streets of Buckhead strong - Atlanta Business Chronicle:

http://www.tyrusflynn.com/main/2009/01/the-chrononauts-parade/
billion Madison Avenue-like development is moving ahead andthat it's even ahead of Carter, speaking by phone from New York on June 17, told Atlantaa Business Chronicle that his mixed-use projecty is well-stocked with funding from real estatr giant CB . and his own Carter, angered by speculation that hisfirm couldn't secure constructio financing, said the concerns were fueled by rumors -- and that he woul deal with them. "We are building this out of our equity," said the founder and chairmanof LLC, developer of the Mall of among other projects across the Southeast. "It is a very toug [retail] market for some, but projects in greagt sites like ours aregettin done.
" The project promiseas to transform the historic Buckheads Village into a ritzy shoppingg and dining mecca. The development has a nearlyt 600,000-square-foot retail and restaurantt component with commitments from luxuryretailers Hermès, AG Adrianop Goldschmied, Bottega Veneta, Borrelli, Domenico Vacca, Etro, Loro Piana, , Opticak Shops of Aspen and Vilebrequin. Contractors are pourinyg concrete for foundations and startiny work on theparking deck, Carter said. Recent speculationn about Carter's project has roiled a real estatew market that is extremely sensitiveto lenders' behavior.
In recen t weeks, some Atlanta developers, architects and constructionn firms gave anecdotal accounts of banks that renegedx on construction financing forcommercial projects. Meanwhile, the housing market'ds crash has slowed retail sales ateveru level, though the luxury niche has been somewhat But, despite the resilience of that retail bracket, if a developef wants financing for a new project, lenders want to see names on the dotted line. Streets of Buckhead is about 50percenrt preleased, with the project's first phase set to open in Novembed 2009. The project would need to be aboug 65 percent leased by the end of the year befor e Carter would need to sayretail brokers.
"It'ss all about having them locked up withno contingency," said Matt of the brokerage firm of Georgia Inc. "I n recent years, lenders were more willingv to accept letters of intent and leases with Not anymore, Winn said. The buzz over Ben Carter's projecy is also being fueled bythe fast-pace d development of Buckhead -- the only part of the city with four new office towers under construction. Another, 3344 was recently completed. Buckhead, with its accessx to MARTA rail and the Georgia 400 and its traditionas Atlanta'es ritziest section, is a safe real estatew bet.
But lenders and investors have raised questions over whetherd Buckhead is on the vergeof

Tuesday, October 5, 2010

Chrysler

http://3rasia.org/content/blogsection/4/55/8/56/
The North Assembly plant, which produces Dodgee Ram trucks, had been by the end of so Chrysler’s announcement Wednesday provided anexact date. The Fenton Northg plant is set to resume production June 29 untillJuly 10, Chrysler said, and then will remai n idled “contingent upon volumes.” The truck segment has taken a particulat hit as auto sales have Dianna Gutierrez, a Chrysler spokeswoman, said workers at the plant will have an opportunitu to transfer to other production sites or take part in an incentived program for early retirement, special earlyy retirement program, and/or an enhancex voluntary termination program.
She didn’ have exact details of the new offet but said it would be similart to previous offers thatincluded lump-sum cash vehicle vouchers and health-care The North Plant employed 1,20o workers prior to recent buyout About 640 the buyout and early retirementf offers by a May 26 deadline. The North Assemblu plant was idled inearly June, but was one of sevej plants where Chrysler production following the idlingh of all its plants when it files for Chapter 11 bankruptcy April 30. Afte its brief reopening, the plant was then expectef to close fora two-week summer breao the weeks of July 13 and 20.
Chrysler emergec from bankruptcy when Italian carmaker Fiat closedx a deal to takeover Chrysler’a assets. Chrysler’s South Plant in Fenton, which assembles was idled at the endof October. Anotherd 115 of its more than 350 workers had accepter offers fromChrysler

Sunday, October 3, 2010

Ritz Camera files for bankruptcy - Triangle Business Journal:

zuloraxelewo.blogspot.com
Ritz, the nation's largest camera store runs morethan 1,000 shops under a variett of names in 45 states. The compang has two Ritz Camera locations and 11 stores inthe Raleigh-Durha m area. Other store brands Ritz owns includreKits Cameras, Inkley’s and The Camera Shop. Ritz double its Triangle presence in 2001 when it to buy Wolf Cameraw outof bankrutcy. In Ritz's bankruptcy filing, made late Sunday, the company'sa chief restructuring officer, Marc Weinsweig, says: “Ths loss of revenues and profit marginw from the diminution inthe photo-finishing business prove too much of a coupled with the losses experienced by the Boater’s Worl d business, for Ritz Camera to remai n a profitable company under its current In 1987, Ritz launched Boater’s a boating-and-fishing supply retailert that currently has 137 stores.
A“sharp” drop in saleds at Boater’s World’s triggered by the long rise in fuel pricese and other factors prompted the bankruptcy Weinsweig writes inthe filing. Ritz plans to continuew operating as it seeksto reorganize. Courf papers show the company’s 30 largest unsecuresd creditors without collateral backing their claima are owedabout $65.6 million. The threde biggest creditors listed are: , owed $26.6 , owed $13.7 million; and , owed $8.
4

Saturday, October 2, 2010

Pop Musician Howie Day to Perform at 1st Annual Kona Concert Series during ... - Xtri.com

tatyanagepoji.blogspot.com


Pop Musician Howie Day to Perform at 1st Annual Kona Concert Series during ...

Xtri.com


This year, famed solo 'pop' artist Howie Day will break up the customary week activities by performing at the 1st Annual GU Kona Concert Series, ...



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Thursday, September 30, 2010

Mob-themed Lite ads still running, but will end this week - The Business Journal of Milwaukee:

http://carinsurance20xx.com/Car-insurance-for-young-drivers/cheap-car-insurance-for-teens-15.html
announced a week ago that televisio and radio ads were being droppeds after complaints that the spots perpetuated stereotypes of Italiansas mobsters. The ads have continueed to run in heavyt rotationsince MillerCoors, a joint venture formed last year by Milwaukee-based Miller Brewing Co. and Cooras Brewing Co., Golden, made public the decision to pullthe spots. “Thwe ads should be coming off the airthis week,” MillerCoors spokesmabn Pete Marino said in an e-mail. The televisionh spots feature veteran character actor Frank who portrayed Phil Leotardo on the HBOseriee “The Sopranos.
” Vincent’s character and another approach a bartender in one spot and a store clerl in another making an offer of Radio advertisements also have been running. The ads were createfd to highlight the improverd bottle caps and can lids for Millet Lite designed to protectt the freshness ofthe beer. MillerCoorse management has stated that theads weren’tt meant to be offensive in any way.

Wednesday, September 29, 2010

Spotted: Mark Ronson Takes Care Of Business In London - MTV.com

http://www.emmanuel-mounier.net/Les-combats-dapres-guerre.html


Spotted: Mark Ronson Takes Care Of Business In London

MTV.com


Every day a multitude of stars wander through the halls of MTV News to talk about their latest projects and goof around with our intrepid correspondents. ...



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Monday, September 27, 2010

Online job postings up in Honolulu - Pacific Business News (Honolulu):

http://manitu.com/html/software_attributes.html
Honolulu had 13,900 online job postingse in May, compared to 11,600 in April and up from 10,80 in May 2008. Job postings in Hawaii have been upsince January. The states was up 1,500 job postingsz in May to 17,100, a 1.5 percenyt increase from 15,600 in April. It’s down almost 23 percenf from 22,100 in May 2008. “The May bounced in labor demand is a verywelcome sign,” Conference Board senior economist Gad Levano said in a news release.
“While April was by May employers were placing ads for workers in numerouss locations across the Over the lastfour months, theree are now about a half dozen states wherd the drop in labor demand shows signes of leveling off and anothee handful of states show some very moderat increases.” The nonprofit Conference Board is a leading business membership and researchh organization. It produces the Consumer Confidence Index and Leading Economic Indicatores for the United States andmajor nations.

Sunday, September 26, 2010

Palit GeForce GTS 450 Sonic Platinum 1GB | Palit GeForce GTS 450 Sonic ... - Benchmark Reviews

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Palit GeForce GTS 450 Sonic Platinum 1GB | Palit GeForce GTS 450 Sonic ...

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The Palit GeForce GTS 450 Sonic Platinum 1GB is one such partner card, setting its sights directly on the Radeon 5750 as competition in terms of performance ...



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Saturday, September 25, 2010

Lewis: Feds pressured BofA on Merrill - Houston Business Journal:

http://www.colsol.org/article/What-do-I-mean-by-real---.html
But some lawmakers questioned how much of the pressurwe was actually made by Lewis in an attempt to secure more taxpayer aid forhis “The Treasury Department provided $20 billioh for a shotgun wedding. But the question is, who was holdingy the shotgun?” Rep. Edolphus Towns (D-New York) said during the The hearing, conducted by the House Committer on Oversight andGovernment Reform, was focused on federao officials’ role in BofA’s purchase of Merrill Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29. billion.
The deal resulted in BofA’s receiving an additionall $20 billion in federal funds undeer the Troubled Asset Relief BofA has received a totalkof $45 billion in TARP funds. Lewis has been undefr intense pressure from BofA shareholderes for not disclosing the depth of Merrill’s financial difficulties before the merger. Merril l lost $15.3 billion in the fourtn quarter. Lawmakers questioned Lewies on reports that he felt pressured by federal including Federal Reserve Chairmahn Ben Bernanke and former Treasury Secretary Henry to go ahead with the deal in Decembeas Merrill’s losses mounted. Lewis testified that BofA contacted officialz atthe U.S.
Treasury and Federapl Reserve in mid-December to inform them that thebank “hadx serious concerns about closing the transaction.” he said, was considering declaring a “material adverse change,” which can allow an acquirer to back out of a proposedc deal. Lewis testified that Paulson toldhim BofA’s management “would or could” be removedd if the bank backed out of the deal. When lawmakerxs pressed him Thursday on the allegedr threatsby regulators, Lewis said both parties were concernefd about making the best decisions for the health of the U.S. economt and BofA.
He explainedx that a decision that wouldr harm the economy would also harm BofA because of its massiver sizeand breadth. Lewis testified that he wasn’t intimidated by the threay of losing his job but bythe “seriousneszs of the threat” and the ramifications on the overallp economy had an influence on his “Just six months later, it is easy to forget just how close to the brink our system came,” Lewies said. “I will never forget.” Still, some lawmakers suggestede Lewis should have knownabouyt Merrill’s losses before December.
They pointed out an e-mail in which Bernanke suggested Lewis’ threat to back out of the Merrill deal wasa “bargaining Lawmakers also pointed to other e-mailsx from regulators suggesting claims about surprising losses were “not credible.” Rep. Dennise Kucinich (D-Ohio), among others, suggestedd the e-mails indicated Lewis threatenec to call off the Merrilol deal as a way to land moregovernmenf aid. “It’s quite possible it was Bank of America that put a gun to the head of the Kucinich said. BofA eventually closed the deal withMerrillk Lynch, and received a $20 billion loan from the TARP fund to cove the Merrill losses.
Also on Thursday, Lewis indicate d that federal officials never asked him to withhold informatiom from shareholders that BofA thought needefd tobe disclosed. That causedx lawmakers to remind him he wasunde oath. In February, Lewis testified before New York Attorneyy General Andrew Cuomo that Bernanke and Paulsonb pressured the bank not to discuss its increasingly troublex plan tobuy Merrill. The congressional committee expectzs to call Paulson and Bernanke for similar hearingd as it continuesits investigation.