Monday, 31 December 2012
UGA to sponsor pro golf tournament - Atlanta Business Chronicle:
UGA and the PGA Tour announced Wednesdat the UGA Golf Course is the new venufor Athens, Ga.’s annual tourney. The tournament—previouslgy known as the Athens RegionalFoundatiobn Classic—will now be called Athenss Classic at UGA, with proceeds benefiting need-basede scholarships through the university’s Arch Foundation. The tournameny is expected to be heldnext April. It will be organize d by UGA’s Auxiliary Services Department. “The Universitgy of Georgia is proud to be the host of the Athends Classicat UGA, and especiallg glad that the tournament will stay in the Athenes area,” UGA President Michael F. Adamas said in a statement.
“This has been a greaf event forthe community, and we look forward to teeintg off next April and raising money for need-based scholarships.” The PGA owns the Nationwidd Tour, which is a step below pro golf’se elite league. The former Athens Regiona l tournament had been held atsince 2006. Nationwidse Tour officials approached UGA about taking over the tournament afterd its contract wasnot renewed, according to The Athens Banner-Herald.
"Athenz has been very supportive of the Nationwidse Tour since we first came herein 2006," Nationwide Tour presideng Bill Calfee said in a "We are confident the association with the University of Georgia and its wonderful UGA Golf Coursr will take the Classic to new levels of impact and interes among sponsors and Bulldog fans. "Wse look forward to many great tournaments in the future and addingb to the already impressive list of UGA golfers who have playec their way on to the Nationwide Tour and PGA In addition, we wish to thanik the Athens Regional Foundation for bringing the Nationwide Tour to Athene and the many contributions they have made to the communituy through the tournament the last four UGA signed a three-year agreement to play host to the the Banner-Herald reported.
UGA will spend $500,000o to launch the tournament, and the university is seekinfg sponsorships, the paper reported. , and are amont the institutions of higher learning that have played host to Nationwidde Tour events inthe
Sunday, 30 December 2012
Jacobs awarded trio of contracts - Los Angeles Business from bizjournals:
The contract with the USACE is with the RockIslanr District. It is an indefinite-delivery, indefinite-quantity contract for architect-enginee services. The contact, which has a one-year base period and four one-yeafr options, has a top value of $12 The areas convered by the contrac are: the inland marine transportatioj system, flood damage reduction and other civil works The NAWCWD deal is for engineering support servicexs at the China Lake and Point Mugu test The contract is effectiveJuly 1, and is worth $170.6 million over five years. Jacobs has supportefd the NAWCWDsince 1995, providing systems test and evaluation, technical data and managemenyt support.
The Storengy deal is for engineering, and construction management services to upgradthe company's underground gas storage facility in Etrez, Terms of the contract were not disclosed. The projecgt will add four salt caverns to the existing 17 caverns at the site to increaswthe facility's production capacity as well as reducee impacts to the environment. Storengy, a company of the , is the second-largesgt natural gas storage operatordin Europe, with workinf capacity of approximately 400 billioh cubic feet.
Pasadena-based Jacobss (NYSE: JEC) is one of the world'ds largest providers of technical, professional, and construction
Thursday, 27 December 2012
He's the Pfoodman: Pfremmer shifts his lifestyle, company into high gear after a bout of pneumonia - St. Louis Business Journal:
"I've had a lot of universith food experiences, most of them not worth mentioning," said the acting president of Lindenwood. "Ourf students often compliment the which is unusualfor college." Evan echoes the students, comparing special event meals from Lindenwood'd campus caterer, , to five-star restaurants. The universitu liked Ralph Pfremmer, the president and principao ownerof Pfoodman, well enough to hire him threes times -- most recentlu with Pfoodman after his stintsw with national competitors in the food service business. Nationall food service giants suchas , and one of Pfremmer'z former employers, , dominate the food services industry.
But more institutions such as Lindenwooe want to work with smaller companies such as Pfremmer said. In the last year, Pfoodman landed three new food service contracts inthe St. Loui area -- with and seniorr living centers in WingHaven and in Webster Groves. The growth in the St. Louis plus consulting work for Pfoodman's existing clients, helpedx push the six-year-old companyu to $7.3 million in revenuse for its fiscal year that endedJune 30. Pfremmer said the business is on track to generate morethan $10 millionb in revenue for its currentf fiscal year. The growth in St. Louis also prompted Pfoodmanh to relocate its corporate operationsfrom Columbia, Mo., to St. Louia in June.
Pfremmer joined Pfoodman in 2001. He receivedr a 20 percent stake inthe business, then knowm as , in part for bringing in contracta with Lindenwood and Missouri Valley College in Mo. A year later he borrowerd $200,000 from in St. Louis to buy out the interest of Tim one of the company Pfremmer became president and now owns 65 percent of the His partner andthe company's co-founder, Brianm Dittmer of Columbia, owns 35 The company initially changed its name to Hospitalitg Services Inc. It expanded into food serviced for senior living homes and later starte d calling oncountry clubs.
Last year it started providingv food service forin Chesterfield, and this month it renewed its contractf for another year. The Pfoodman name came shortly aftefr Pfremmer joined the business and had his own epiphanyy in the wake of a boutof "I used to be a smoker. I weighed about 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccpo and started exercising seriously and watchinghis diet. Pfremme managed to blend his new lifestyl e withhis business. He took up bicyclinfg and started providing food at bicycle races and othedr cycling events to promotehis company. He became known as the Pfoodman, and the name stuck.
"o started marketing (with the cycling because it was the audienceI knew." Pfremmer became serioue enough about the sport that he starter racing in amateur road and off-road events throughoutt the Midwest. He is a membet of . Pfoodman now has nine contract food servicer sites and218 full-time Of those, about 150 are in the St. Louis area. Another 300 people work part time forthe "There's not many times a persohn can jump on top of an organization this he said, adding that he believeas the company can triple its revenue in the next severak years. "I can't go backwards now." Professional Jeff Causey, commercial lending officert of First National Bankin St.
Louis, is Pfoodman's banker. The companyt uses two law firms: Dale Rawlings of in St. Charlesx and in Clayton. Dave Wiggins of in Maryland Heights isthe company's accountant. Pfoodman LLC 930 Kehr Mill Road, Suite 324 Ballwin, Mo., 63011 www.pfoodman.comj
Wednesday, 26 December 2012
Greater Phoenix CVB launches social media campaign - Sacramento Business Journal:
The first contest offers a two-night stay at the Royalp Palms Resort and Spa and a candlelif dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packagee are expected to be given away fromthe Ritz-Carlto Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resort Spa, Westin Kierland, Phoenician and Arizona Grand. The contest is part of a sociapl media marketing campaign by the Greater Phoenixz CVB that also includes anew blog, Twitter and Flickrt accounts, and YouTube videos. The called the Hot Sheet, is a frequently updated compendiujof restaurants, shops and activities.
The video called “Phoenix Dream Days,” features Phoenicianzs of local and national renown offeringf tours of their favorite local The inaugural video is hosted by celebrity chefMark Blog: Facebook: Twitter: YouTube: Flickr:
Tuesday, 25 December 2012
Mission Healthcare changes name, notes expansion - Rapid City Journal
Mission Healthcare changes name, notes expansion Rapid City Journal The Welcov Healthcare name is a combination of the words wellness and cove, which reflect the company's goal of creating safe and welcoming environments that foster hope. The recent name change coincides with a period of great expansion for the ... |
Sunday, 23 December 2012
A Conversation with Michael F. Paparella - Business First of Louisville:
In your opinion, are more mergerd deals failing in their finalstages – if so, why? In the middlde market, generally, yes, more deales are failing. The reason most oftehn centers on the financial performance of the business deterioratingv duringthe company’s marketingf process. As performance falls off given thestruggling economy, buyerws seek downward adjustments to the purchase When the downward adjustments become too large, as determined by the selle r and their value expectations, the deal is often delayexd until performance improves, or is canceled altogether. Is it a good time for a busines s ownerto sell?
It depends on the industry, but in broad yes, this is still a good time for middled market businesses to sell. If a companyu has continued strong performance, a defensible product or service and stronghmanagement team, almost any time will be a good time to Why sell to a private equity firm over a strategidc buyer? They generally retain the management team, employees, facilities and brands. They allo current owners and other employees to share in owninvgthe business. They serve as a business helpingwith finance, planning and board-levep oversight. Private equity firms provide owners the optiojn to monetize some ofthe company’s net worth withou t giving up their day-to-day roles.
Finally, they provids these attributes with little disruption to the What isthe “perfect storm?” For the perfect storm begins when the economty and the sector in which they operater are performing well. Then, crediyt markets provide high levelsof low-cost debt. the company has consistently goodperformance year-over-year amid high demand for This was generally the scenario from mid-200e3 until mid-2007. The economy and credit markets have not been cooperatingv as muchsince then, but demand for acquisitions among private equity funds and strategic buyerz remains high. How would you define for a private equity poinrtof view?
Middle-market private equity firme seeking to acquire healthy companies tend to focud on building value throughh revenue expansion, as opposed to operations improvements and cost So, they seek opportunities that demonstratse growth potential for their hold periof and beyond. It’s important to remember they need to sell the busineszs inthe future, and the next buyer will also want sustainable revenues growth.
Saturday, 22 December 2012
Hanger Orthopedic gets credit rating upgrade - Pacific Business News (Honolulu):
Bethesda-based Hanger Orthopedic announced Monday thatStandarfd & Poor's Rating Services had raised its ratin on Hanger Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger'z senior secured debt to "BB-" from and raised the senior unsecureds debt rating to "B-" from "CCC+." Standard & Poor’s outlook for Hanger is “stable.
” "Wed are extremely pleased with the S&o upgrade especially given the current economic environment," said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistengt performance over the last three years, solid liquidithy as well as no significant near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net income increasedc 27 percent to $4.5 millionm as revenue increased 7 percent to $169.1 million.
Friday, 21 December 2012
5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - Tampa Bay Business Journal:
Park plans to open his secondx store later this year inBeverly Hills, just off prestigiouw Rodeo Drive. He’s also looking to doublde his space at thethis year, less than two yearsa after moving in. Park’s growth has stemmed from a carefull cultivation of customers andvendors he’s the only authorizedd retailer for several brands — and a savvuy use of technology to promote a traditional, low-techb product. Part of Park’s strategy to expand his 5-year-old businessz has been to nurture his, and the store’s, reputatiohn as an expert in men’x shoes and fashion.
And he’ws undeterred by the recession, even though the shoezs he sells retail upwardsof $500 per “I’m 100 percent confidenrt I’m going to do well,” he said of the Californis move. He has done his research, and met with his onlin clients to make sure that the markeris there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internetsale — which exceeded Park’s goal by 30 This year he wants to best that by anotherd 30 percent. He’s financing the expansion to Beverly Hillsd with hisown money, with assistancee from Bank of Hawaii and help from some childhoodf friends.
The brands at Leatherf Soul — the American-made Alden; British brandsa Edward Green, John Lobb and Gazianol & Girling, and the French label J.M. Weston — are not availabler anywhere elsein Hawaii. “The products I they’re all the best he said. “Even in a bad economy, people still want good The decision to go to the Los Angeless area came about after the sales representativefrom Massachusetts-basedd Alden approached Park about an opportunity to take over the shoe departmentr of a well-known men’s store in Beverly Hills. The companu had a dealer in Northerhn California, but no presence in the southerbn part ofthe state.
Park met with people from the store, whic h he declined to name, and thought it seemed like a good But then, while driving around the neighborhood, he beganh to notice a lot of vacant retailp space. “If you think Hawaii is bad, it’s twicd as bad in he said. “I just thought there must be some opportunityh for agood deal.” He returned to Los Angelee a month later, met with real estate brokerx and began looking at retail The place he picked was one that he just “stumbled” a historic building at the corner of Rodeo Drives and Little Santa Monica The ground-floor space is also next to a shoe-repair Park found that landlords are much more williny to negotiate in this economy than they were just a coupls of years ago.
A half-dozen retail spaces on Rodeo Drive, less than a blocjk from the one Park is are listed for lease withrent “negotiable,” according to Park has signed a letter of inten t for a 650-square-foot space and is in negotiations for the aiming for a December opening. “Thes same spot a year-and-a-half ago would have been twicsas expensive,” he said. He’s also talking with the Festivak Cos., which manages the Royal Hawaiian Center, about moving to a space that’ s twice the size of his 600-square-foot store on the thired level ofBuilding A.
Wednesday, 19 December 2012
2009 WNY high school rankings - San Francisco Business Times:
Profiles of the top 25 schools can be reachedf by clicking on the namez of thoseschools below. A breakdown of the rankings for each sectionh of Western New York can be accessed by . The following abbreviations havebeen used: CS-Charter School, EMS-Elementary-Middls School, ES-Elementary School, HS-High IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High MHS-Middle-High School, MS-Middle PS-Primary School, SHS-Senior High School, VHS-Vocational High Each school is followed by the name of the districr that operates it (if it’s a public or the district where it is located (if it’s a private • 1. • 2. 3. • 4. • 5. 6. • 7. 8.
• 9. 10. • 11. • 12. 13. • 14. • 15.
Tuesday, 18 December 2012
Nepal India Koshi-Gandak irrigation meeting next week - Republica
Nepal India Koshi-Gandak irrigation meeting next week Republica 23: The Government is to raise with priority the issue of Gandak dam in the seventh meeting on the Koshi and Gandak Irrigation Project of the high-ranking officials of Nepal and India to be held next week. Matters relating to the washing away of land ... |
Monday, 17 December 2012
Report: Steve Jobs ready to return at Apple - Boston Business Journal:
The Wall Street Journal cited unnamed sourcesa in a report Friday that the nutritionalo problem that forced the Apple CEO to take medicak leave in January is now under The way he departed and subsequenrt secrecysurrounding Jobs' condition has led to much speculatiojn since then about when and if he woulfd return to the Cupertino company. a surviver of pancreatic cancer, had appearedd gaunt at public appearances beforse takinghis leave, a condition he attributed to a nutritionalp problem related to a hormone The Journal quoted an unnamede person who it said has seen Jobs in recenf weeks, "He was one real sick guy. Fundamentally he was starving to deaty overa nine-month period.
He couldn't digest [But] he took corrective action.'' Apple's marketing chief, Philip Schiller, is scheduled to give the keynotre address at the San Francisc o conferenceon Monday, something Jobs woul have done before he took his Te company is expected to unveill its new version of the iPhone which will reportedly include more processinbg power and new features. Until his leave, a rise in concernd about Jobs' health regularly caused a drop inthe company's stock, but it has actually outperformeds the market since January. Apple is up 68 percen t since sincehis Jan. 14 departure, closing Thursdat at $143.74. The Nasdaq is up only 24 percent in thatsame period.
Saturday, 15 December 2012
Puno: DREM pidió intervenir a mineros ilegales que contaminan el rÃo Inambari - Pachamama radio 850 AM
Puno: DREM pidió intervenir a mineros ilegales que contaminan el rÃo Inambari Pachamama radio 850 AM El director regional de EnergÃa y Minas, César RodrÃguez, pidió la intervención de la FiscalÃa en Materia Ambiental, a los mineros ilegales que están contaminando el rÃo Inambari, con maquinarias pesadas en las zonas del Carmen y La Oroya. âEn una ... |
Thursday, 13 December 2012
How Dave Sexton's funeral proved football's "Great Divide" is only a temporary one - Mirror.co.uk
How Dave Sexton's funeral proved football's "Great Divide" is only a temporary one Mirror.co.uk Coins thrown, talk of the return of fences, pitched battles among rival supporters and players stalling over mega-offer contracts that will ensure multi-millionaire status by their mid-20's. It would appear to the outside world that on Monday morning ... |
Tuesday, 11 December 2012
Vancouver man recognized for risking his life to save others - Global BC
Vancouver man recognized for risking his life to save others Global BC A Vancouver man who risked his own life to try to save others was recognized at the City Hall today. Michael John Fuller was driving in the Massey Tunnel in February of 2010 when he saw a vehicle smash into the wall and burst into flames. Without ... |
Monday, 10 December 2012
UK ready to 'trust' US over failing banks - Financial Times
UK ready to 'trust' US over failing banks Financial Times UK authorities are prepared to âtrustâ their US counterparts the next time a big American financial company with large London operations runs into financial trouble and will refrain from seizing local assets and capital, said Paul Tucker, the deputy ... |
Sunday, 9 December 2012
Twelve charged with defrauding Miami-Dade health plan - South Florida Business Journal:
State insurance fraud investigators arrested eighft of the suspects in a swee p that beganin Miami-Dade and Broware counties. Three others are expectes to surrender, two of them in South Florida. Stilk being sought is Dennis M. Montero, whom investigators identifiex asthe group's ringleader. Montero, a 39-year-old formerd Miamian, formed two fake medical-equipmenyt companies and recruited the hospitaol workers to participate in making fraudulent claims for unneeded and nonexistentymedical supplies, investigators said. They said he fled to Ga., during their 17-month investigation.
So far, the investigation -- dubbes Operation Terminal Illness -- has led to charges against 28 people, including 16 arrested last February in connectiom with a separate but similar scheme that also involved hospital employees and targeted thesame self-insurance plan administered by Blue Cross/Blue Shield for public employees of Miami-Dade. Jacksonm Memorial is an affiliate of themetro government, makingt its employees eligible to participate in the healtuh coverage. "Insurance fraud hits everyone in the Commissioner Bill Nelson said in announcing thelatesy arrests. "And if public employees are involved, it violates a speciall trust.
" The new charges allege that Montero and four hospitalp employees committed organized fraux as well asgrand theft. The seven other hospital workerzs face grandtheft charges. Investigators said the charges involvde morethan $415,000 worthj of fraudulent claims filed from Januar 1996 to April 1999 for nebulizeres and pharmaceuticals commonly used in treating respiratoru ailments. Of that amount, they said, payments totalingv $222,651 were actually made to Monter o and hisfictitious companies, or sent directlyt to hospital employees.
Investigators said Monterk created the two medical equipmentcompanies -- Key's Med-Care and Servui Med-Care Supplies -- for the sole purpose of filinb the fraudulent medical claims. The 11 present or former Jackson Memorial employees allegedly involved in the schemre include two who worked inthe hospital'sw security division, three who worked in four who worked in administration and two who workefd in environmental services. Investigators said Clara E.
38, of Miami, who has sincew resigned from an administrative job inthe hospital'xs accounting office, helped Montero by encouraging her fellow workeras to allow their insurance information to be used in filingt the fraudulent claims. The Florida Department of Insurancre launched the investigation in April 1999 afterrBlue Cross/Blue Shield of Florida discoverex medical supply companies submitting claimsa to cover the same equipment for employees undeer the same health plan. The 16 arresta last February included 11 publicemployees -- nine of them from Jacksoh -- and involved three other fictitious medicapl equipment firms and more than $800,0000 worth of fraudulent claims.
The insurancd department's PROFIT squad, a special strike force establishe by Nelson in the Divisio of Insurance Fraud to focux on major cases involving health insurance has spearheaded the Investigatorssaid Montero's scheme began to unravel after they servedf a court-ordered subpoena and obtained witness statementxs that Key's Med-Care and Servi Med-Care Supplied were fictitious companies that had no patieny records, medical equipment inventory or employee payroll records, or any othet documents or items to support the operatioj of a medical equipment company.
In a doctor whose credentials were used on the claims providee investigators with a sworn affidavit that he neve r signed any prescriptions or other documents for Montero. Ron director of the insurancefraud division, said investigator are continuing to work with Jackson Memorial officials and the to determiner whether there were any other such schemes against the county employees' health plan. Miami-Dade State Attorneu Katherine Fernandez Rundle will prosecute thesslatest cases. Those charged are: Clarqa E. Ortiz, 38, 17360 N.W. 52nd Place, grand theft and organized fraud; Sallide M. Hussey-Spears, 46, 3318 N.W. 193rd St., grand theft and organized fraud; Juanitz T.
Bernard, 40, 17901 N.W. 68th Miami, grand theft; Barbara S. 52, 2281 N.W. 60th St., Miami, granfd theft; Cheryl P. 40, 2745 N.W. 202 Lane, Opa-Locka, gran d theft and organized fraud; Eunice V. Madrigal, 38, also, 18785 N.W. 62nd #105, Miami, grand theft and organized Frederick Spears, 39, 3318 N.W. 193rr St., Miami, grand theft; Silviwa D. Portobanco, 46, 4443 N.W. 185thg St., Miami, grand theft; Fronita D. 44, 4020 S.W. 59th Terrace, Hollywood, grandx theft; Arturo Alvarez, 35, 6195 N.W. 186t h St., Miami Lakes, grand theft; Dennis M. 39, formerly of Miami, last knownb to be in Tucker, Ga., grand theftt and organized fraud; Glorisa F.
Serrie, 53, formerly of now resides in Manning, grand theft.
Friday, 7 December 2012
No easy choices ahead for new United Guaranty CEO - Phoenix Business Journal:
Parent company installed Eric Martinez Jr. as CEO of United Guaranty on June 1. He replacesd William “Billy” Nutt, who had been chief executivew since 2001 and an employee of United Guaranty for more than 30 As CEO, Nutt oversaw both a periodc of robust profitability duringh the run-up in the housinvg market nationwide, and then dramatic lossese that totaled $2.5 billion in 2008. Alonbg with other mortgage United Guaranty has been swamped by claimas from lenders to pay off the home loans of hundredz of thousands ofdefaultingg debtors. From his home, Nutt referred all questions toUnitedd Guaranty. Officials there declined comment or to make Martine z available foran interview.
Thursday, 6 December 2012
Fabulous Father's Day activities available at Sandestin Golf and Beach Resort
Book now and receive The Sandestin Father's Day Deal includinhg two free Zipline passes and two free Dunesd PuttingCourse passes. Exceptiona l summer rates are also available. Standard roomx at Bayside Inn starrat $169 and include breakfast for two at Anothet Broken Egg. One bedroomn units with full kitchens are availablewat Luau, just steps from the at rates starting at $209. Also included is a packedx list of free amenitiee suchas tennis, bike rentals, kayaks, fitness center access for adultes and resort Tram transportation. Special Father's Day weekend activitiex at Sandestin include the Annual Emerald Coast BlueMarlin Classic, one of the top bill fish tournaments in the world.
The boat parade on June 18 will help kick off the The spectacular nighttime weigh-ins will take place June 19 and 20 startintg at 4 p.m. at the Baytownr Marina and are open to the YOLOBoard Stand-Up Paddle Series will also be making a stop on June 19 at YOLO Boards are available at the Baytowne Marinqa and can be used to explore the bay. Other activities will keep dad and the whole familg entertainedfor days. Options include four championship golf 15tennis courts, beautiful white sand catch and release ponds for fishing, the Duneas Miniature Golf Putting Course, 19 swimming poolz plus miles of bike and walking trails from the beacb to the bay.
Dad will enjoy all the dining optiona including the newly opened Finz Beachside The Village of Baytowne Whard and The Market Shops at Sandestin also offer a varietyof breakfast, luncn and dinner choices ranging from seafoord to steak. For reservations and information, visigt or call 1-866-91-BEACH. Sandestin offers the most completr resort experience inNorth America. Located on Northwest Florida'es Gulf Coast, Sandestin is a 2,400-acre destinatiob resort for all A member of Beaches of South Sandestin invites guests to enter a world of 30 charming neighborhoodsfeaturinf 1,600 condominiums, villas, town homes and a variety of hotel accommodations.
The resort also feature s more than seven miles of sugar white beachesx and pristinebay front, four championship golf 15 world-class tennis courts, 19 swimminb pools, a 98-slip marina, certified children's a fitness center and spa, 65,000 square feet of meeting space and a pedestriah village with boutique shops, casual and fine dining restaurantd and nightlife venues. Sandestin is part of a world leader indestination
Wednesday, 5 December 2012
Obama offers 7-year protection for biotech drugs - Denver Business Journal:
The biopharmaceutical industry has argued that the five years of protectiomn offeredby Rep. Henry Waxman, D-Lod Angeles, in H.R. 1427 would stiflse innovation. But the in a report earlier this montbh said the 12 to 14 years that the industrh has said publicly that it wantsx also would hurt innovation anddelay patients’ accesx to cheaper drugs. Rep. Anna Eshoo’s H.R. 1548 callx for a 12-year period of data basically protecting the patents covering innovativewbiotech therapies.
In a letter to Waxman, Nancy-Anjn DeParle, Obama’s health-care reform director, and budgetr director Peter Orszagsaid “the seven-yeard policy in the FY 2010 Budget is a generousa compromise between what the FTC researcbh has concluded and what the pharmaceuticap industry has advocated.” , however, said it is “extremel y concerned” that the seven-year plan is “z risky shortcut to “We believe this abbreviated period will undermine the incentivea necessary for continued biotech research into breakthrougj medicines and cures for diseasews such as cancer, multiple sclerosis, Alzheimer’s and HIV/AIDSw as well as unmet medical needs,” BIO Presidengt and CEO Jim Greenwood said in a Besides patent exclusivity, the industry has argued that drugs developed by biotechj companies can’t be copied like pharmaceutical drugws because they are complex to make and the finished productzs can differ.
Monday, 3 December 2012
BofA, Wells to accept California IOUs - Philadelphia Business Journal:
BofA says the state’s budget crisis promptecd its decision. “To support our customers, while givinhg the state legislature additional time to pass a we will acceptCalifornia state-registered warrants — or IOUs from existing customers and clients,” Charlotte-baser BofA (NYSE:BAC) says in a written statement. San Francisco-baserd Wells (NYSE:WFC) says it is accepting the warrants for the sake ofits "We are reluctant to take this but are doing so to help our customer who are not at fault and with the expectation that the legislature and governor will complete the budget withi days," Wells says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakerss for failing to pluga $24 billionh hole in the state budget beforer the start of the new fiscal year. And he callede a special session of the statr legislature to fix thebudget mess. Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billiohn due to the loss of education-relatedx budget fixes, Schwarzenegger said at a pressd conference Wednesday. He also announced an executive order addinv a third furlough day each month forstatd workers, a move expected to free up an additionakl $425 million in the new fiscal Although the governor calledf for the special session, it is up to the legislature to schedulwe it.
When it will be held is yet tobe
Sunday, 2 December 2012
Villa Rica-based Community Bank of West Georgia fails - Business First of Columbus:
No bidder was found for Communitty Bank’s operations — one branchg in the Atlanta suburb — and the bank will be The will mail depositors checka for their insured fundsnext week, according to a releasre from the Georgia Department of Banking and Finance. Unti l then, depositors will not have accese to their moneyvia ATMs, checks or the bank’se Web site. As of first quarter 2009, the bank had $182.5 million in total The FDIC estimates $1.1 million in customer depositsware uninsured. Currently the FDIC guaranteess upto $250,000 in deposits per account.
Blairsville-basedd will act as the deposit agent for any federal funds customers would normally receivew from the bank viadirect deposit, includinfg Social Security and Veterans’ payments. This is the seconds seizure without a buyer in Georgia sincer thebanking collapse. was . Stockbridge-based bank failed in Marcg 2009, and served as the deposit agent for federal money for customers inthat deal. Community Bank, like a growinhg catalog of failedGeorgia banks, gamblexd heavily on residential real estate loans, and lost. The bank was createdd at the beginnings of the home buyinfg andconstruction boom, in 2003.
As of firstr quarter 2009, roughly one-thirdr of the bank’s $129 million in totap loans were in some stageof delinquency, default or had becomw bank-owned foreclosures. By the time of the bank’ss seizure, it had $27 million in foreclosed real estatse onits books, $11 million in loanes that appeared unlikely to be repaid and only $7.3 milliob in equity capital to absorb The bank’s Texas Ratio — or a comparison of its loan problems to its equituy capital, an industry metricf created during the S&L Crisis to measure health throughout Texas — was 294 percent at the end of firsf quarter 2009.
Most of the baker’es dozen bank failures in Atlanta had Texas Ratiose in excess of300 percent, and is becominyg a common indicator of banks likelg to be seized by regulators. The failur e is expected to costthe FDIC’sw hard hit insurance fund $81 Developing...
Saturday, 1 December 2012
ESPN to share Spanish soccer rights with GolTV - Boston Business Journal:
One member of La Liga, Real has made headlines recently acquiring two of the biggesty names in thesport -- Kaka and Cristianol Ronaldo. Ronaldo's transfer recently made wavez for being the most expensive transfer inthe sport's history. Matches will be shown on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’sz domestic cup tournament. "We’re thrilled to work with GolTV to showcase La Liga on ESPN for the firsr time to soccer fans inthe U.S.
With the pendint addition of Cristiano Ronaldoand Kaka, the timing is great to includwe this great property to the ESPN Deportes as it is the most exciting socce r league in the world Lino Garcia, general manager of ESPN said in a statement.
Thursday, 29 November 2012
Teaching Professor of Systems Engineering - Chronicle of Higher Education (subscription)
Teaching Professor of Systems Engineering Chronicle of Higher Education (subscription) The Department of Systems and Engineering Management at the Air Force Institute of Technology (http://www.afit.edu/en/env/index.cfm) invites applications for a non-tenure track faculty position in the Systems Engineering program with a start date of 1 ... |
Wednesday, 28 November 2012
Partnership scorecard shows Tampa Bay ranking on the rise - Kansas City Business Journal:
The report rated Tampa Bay alongwith Atlanta, Charlotte, N.C., Dallas, Jacksonville and Raleigh-Durham, N.C. in the categories of employment and work incomeand productivity, housing, education and transportation. Tampa Bay is not doing particularly well, but the other regions are doinfgcomparatively worse, said Gary president and chief executive officer of and businesss intelligence chair for the Tampa Bay Florida was the “first in the tank” when signd of an economic downturn appeared, Sassol said. The regions that fared well in the last scorecars havesince “taken a dip,” he said.
Sasso, alonbg with Steve Mason, Tampa Bay Partnership chair and president and chiefr executive officerof , presented the resultds to about 20 business leaders at a meeting Tuesday morning. In the overall ranking, Tampa Bay tied Atlantsa for third, while Raleigh-Durham ranked first, Dallas Jacksonville fifth andCharlotte sixth. Althouguh Tampa Bay’s overall indicators were down, of the 21 indicators that containbupdated data, eight four declined and nine were unchanged. In the employmen and work force ranking, Tampq Bay climbed from sixth to although Sasso noted the ranking is relativwe andthe region’s economy is stilo struggling.
Tampa Bay dropped from third to fourth in its incomed and productivity ranking and placexd last in the average wagecategory ranking. The region’s housing rank moved up from last to thirfd mainly because housing valueshad dropped, Sasso said. The regionn ranked fifth in innovation, in part becausw it has only one major the , to compete for grants, Sassok said. In terms of education, the region placed third for the thirxdconsecutive scorecard. The number of area high-schoolk graduates increased, which is possibly a reflection of the reducexd numberof jobs, Sassko said.
The region climbed from last to fourth place in the categoryof transportation, a category in whicyh several indicators, including congestion, commute time and vehiclre miles traveled per capita, had no new data available. In termss of transportation investmentper capita, Tampa movef from fourth to first. To address the issuea revealed inrecent scorecards, the Tampz Bay Partnership is launching a three-year strategic plan called “Az Model for Prosperity,” which will map out a vision for growth through innovation, human capital, infrastructure and qualituy places, a release said.
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Tuesday, 27 November 2012
Flowers Foods cooks up a strong first quarter - Business First of Louisville:
The Thomasville, Ga.-basked goods company FLO) posted net income of $35.8 million, or 39 centd share, compared with net incomw of $28.5 million, or 31 cents a in the first quarterof 2007. First-quarter salees increased 10.9 percent to $676.7 million. "Our resultw in the first quarter once again prove the strengt h ofour brands, our team, and our operatingy strategies," said George E. Deese, Flowerxs Foods chairman, CEO and president. "Salees of our branded products were robust and our internalp data shows unit growthof 2.6 Increased sales to fast food restaurants partiallt offset lower unit sales to casual dining In other news, the companhy promoted Gene D.
Lord to chier operating officer. Lord starter with Flowers in 1966. In 2002, he was named president and COO ofthe company'a Bakeries Group, which represents 80 percent of company Allen L. Shiver has been tapped as chiermarketing officer. Shiver became a full time employe at Flowers in 1979 after workingy part time during high schoopland college. In 2003, Shivee was named president and COO of the Specialty Bradley K. Alexander is the new president ofFlowersw Bakeries. Alexander began his career with Flowerxin 1981. In he was named regional vice president.
Sunday, 25 November 2012
BEST Tennis names John Tobias president - Business First of Louisville:
Tobias, who in 2005 was named by Sports Illustratedr as one of the top 30 sports industry executives under the ageof 30, most recently served as vice president of BEST Tennis. Tobias replacesa tennis agent Ken Meyerson, who has left the In a news release, Louisville-based BEST said it reached a mutuak decision with Meyerson about his which was in conjunction with a strategic partnership between BEST andLagardere Unlimited, a division of Frenchy media group Lagardere. Under that agreement, Lagardere Unlimited will use BEST to producw tennis events across theUnited States. BEST did not elaboratwe on Meyerson’s departure.
BEST Tennias represents more than 100 professional tennis coachews and players such asIgor Andreev, Mardy Sam Querry, Victoria Azarenka, Anna Chakvetadze and Caroline The company also produces tennis events such as the Legg Masonb Tennis Classic, the Fifth Third Bank Tennias Championships and Rock-n-Racquets exhibitions, and it holds televisio n production rights for the U.S. Open Tennis the French Open Tennis Championship andvarious U.S.-basedc ATP World Tour event. is a subsidiary of Louisville-basef private-equity firm .
Saturday, 24 November 2012
Black Friday 2012: Target the 'most organized,' shopper says - Michigan Business Review - MLive.com
Michigan Business Review - MLive.com | Black Friday 2012: Target the 'most organized,' shopper says Michigan Business Review - MLive.com âThis is the most organized.â Another shopper agreed, commenting that Walmart was âa zoo" earlier in the evening. This year's doorbusters included 32-inch and 50-inch TVs. Tickets for 43 televisions were ha nded out in line, which reserved the person a ... |
Thursday, 22 November 2012
American Express to offer accounts to select Advanta customers - Philadelphia Business Journal:
Advanta said it will communicate an invitation to specifiee customers to apply for a card account withAmerica Express. It said some invitations may come directlh fromAmerican Express. The agreemeny is exclusive and lastsw for up to 60days — one year for a limite d number of the customers. As part of the Advanta receives a fee for each accounrt opened byAmerican Express. Advanta said last week that it was workint with other top card issuersto “try to have them provided new credit lines for certain of our customers who are in good In an effort to limit losses and erosion of its capitalo as credit deteriorates, Advantz said early last month that its securitizatioh trust will go into early amortization — where the companu uses receivables from customere to accelerate payment to investor While that protects investors from prolonged exposure to a pool of receivablees whose cre dit performance has deteriorated, Advantq would have needed an alternative way to fund new purchases on its credit cards.
So it had to shut down futur use onMay 30.
Wednesday, 21 November 2012
Public employers modifying health benefits - Austin Business Journal:
The survey, conducted by Brookfield, Va.-basedd , showed public employerz nationwide are modifying their employee health care benefits to includemore cost-saving That could have a significant effect on concentrated areas of public employment such as Austin. The surveyt found that 72 percent of publix employers are increasing or considering an increasr intheir employees’ deductibles, coinsurance or copays. In 74 percent of public employers are increasing or considering an increas e inemployee premiums. When asked why they were considering higher deductibles, 46 percent of publid employers cite the financial crisis.
Almostr the same percent, 45 cite the crisis as the reasohn why they are thinking about higheremployee premiums. “Thesew findings are surprising, although cost-sharing measures have been commonb in the corporate world for quitesome time, public employers have traditionallyy not modified their health care plans in this Sally Natchek, senior director of research at the foundation said in a statement. “Thd fact that the majority of public employersx are nowincreasing deductibles, copayx and premiums illustrates the dual effect rising healthu care costs and the financial crisis are having on theit plans.
” Other cost-saving programs that public employers are instituting include adding a consumer-driven healtg plan, shifting to a self-funded plan and introducing spousa surcharges. Nearly three-fourths of publicx plan sponsors are placing more emphasiz on controlling prescriptiondrug costs. The majority of publidc employers are expanding participant education about drug optionesand costs, increasing copayments and/orf coinsurance for drugs and mandating the use of generic the survey found.
Tuesday, 20 November 2012
MBA: Mortgage, refinancing applications fall - South Florida Business Journal:
percent in the week ended June 5, according to the . Refinancingf applications fell 11.8 percent from the previouzs week, while applications for new mortgagezs wereup 1.1 percent. Refinancing made up 59.4 percent of totaol applicationslast week, down from 62.4 percentt the previous week. That’s the lowesty the refinance share has beensince November. The share of adjustable-ratwe mortgages increased to 3.4 percent from 3 percent of total applications from theprevious week. The average interesy rate for 30-year fixed-rate mortgages increase d to 5.57 percent from 5.25 percent, with points increasinv to 1.09 from 1.02.
The average interesg rate for 15-year fixed-rate mortgages increased to 5.1 percentt from 4.8 percent, with points decreasing to 1.04 from 1.1. The averaged interest rate for one-year ARMs increased to 6.75 percen from 6.61 percent, with points decreasing to 0.1 from
Sunday, 18 November 2012
Adams
RealtyTrac records indicate that a notice ofa trustee’s sale has been filerd on homes matching the description of North Portland Kenton neighborhood homes. The noticed indicates that the homes will be put upfor , which broke the story, notedf that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreemenyt with his lender. Adams told the paper he’s catchin up on his mortgage afterpayiny “significant” legal bills. The houses that face foreclosure are at2131 N. McClellan and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N. McClellan.
who makes $118,144 yearly, is facinh an impending recall, scheduled to kick off in earlhy July, after admitting he had a sexual relationshio withBeau Breedlove. The pair met before Breedlovesturned 18. Adams said the sexual relationship bega nafter Breedlove’s 18th birthday. Oregon’s attorney generao is investigating whether Adams didanythin improper. The mayor conceded that he lied abouywhether he’d had sex with Breedloves when a political opponent first made the charge duringv the 2008 primary campaign season.
Saturday, 17 November 2012
¿ Okunowo posible fichaje del Barcelona B ? - Nuevo Futbol
Nuevo Futbol | ¿ Okunowo posible fichaje del Barcelona B ? Nuevo Futbol ... el Barcelona B. No es ningún chaval, a sus 33 años sabe de las pocas posibilidades de jugar con el filial, aunque no harÃa ascos a jugar en otra entidad, el recado queda dicho, es Eusebio o otro el que deberá decir si quiere el fichaje de Okunowo o no. |
Friday, 16 November 2012
Study: Telemedicine hasn't increased Iowa abortion rate - USA TODAY
Study: Telemedicine hasn't increased Iowa abortion rate USA TODAY Access to women in rural areas has increased since Planned Parenthood of the Heartland introduced abortions by telemedicine in Iowa four years ago. Story Highlights. Proponents say the system is safe and legal; Opponents say women can suffer ... |
Wednesday, 14 November 2012
Ibrahimovic puts on a show as Sweden beats England 4-2 in friendly - Washington Post
Telegraph.co.uk | Ibrahimovic puts on a show as Sweden beats England 4-2 in friendly Washington Post SOLNA, Sweden â" Zlatan Ibrahimovic capped a four-goal performance with a stunning overhead kick from 30 yards as Sweden beat England 4-2 in a friendly Wednesday to open its new national stadium. After a dull start, the Sweden captain opened the ... Sweden v England â" as it happened Ibrahimovic Scores Four as Sweden Beats England 4-2; France Wins Sweden 4 England 2: match report |
Tuesday, 13 November 2012
PA, oltre 4.500 impiegati di troppo. Sindacati: "Incomprensibile" - TMNews
TMNews | PA, oltre 4.500 impiegati di troppo. Sindacati: "Incomprensibile" TMNews Roma, 13 nov. (TMNews) - Per i sindacati sono "incomprensibili" i numeri sugli esuberi della Pubblica Amministrazione forniti da Filippo Patroni Griffi. Il ministro ha annunciato oltre 4.500 eccedenze tra gli impiegati statali e le sigle sindacali ... Patroni Griffi ai s indacati: troppo personale pubblico. Tagli per 432 milioni Patroni Griffi twitta gli esuberi: 4mila impiegati di troppo nella PA |
Sunday, 11 November 2012
Good sports: WNY
Don’t take that to mean, that East Aurora High Schoolis one-dimensionallt bookish. It also happenw to have the in WesternNew York, according to a Business First analysiws of records from 2005 to the “We’ve been on a roll the last few which has been just great,” says Jay Hoagland, East Aurora’s “The people here expectt us to have a comprehensive athletics program. They support the budget. They’ve give us first-rate athletics facilities. It’s clearly a priorit y for the community.
” East Aurora has won 17 sectional championshipas in team sportssince 2005, a recorx unmatched by any competitor in Sectionb VI, which includes all public high schools in Cattaraugus, Chautauqua, Erie and Niagara countiez and a couple in Orleansd County. The result is a decisiv e victory onBusiness First’s scale of athleti excellence, which awards anywhere from one to four points for each sectionaol title, giving the highest credit for championships won during the most receny year. East Aurora emerges as the region’d best high school in team sports with 42 Orchard Park is second with 30 and Randolph, Clarence and Maple Grove rouncd out the top five.
for the list of the top 50 sportxs programs inSection VI. The correlatiojn between these standings andBusinessz First’s academic ratings is surprisingly Four of the top five schools for sports also rank among Western New York’s 20 best high schoolas academically. “To some extent, succesds in one area can breed successein another,” says Hoagland. “If kids experiencwe success outsidethe classroom, they develop a sens of pride and self-worth. I think that carriexs over and helps them inthe classroom.
” Businessx First tallied the Section VI championxs in 18 interscholastic team sports over the past four years, beginning with the spring season of 2005 and extending througnh the winter of 2009. (Tha timeframe was selected because spring 2009 champions had not been determined by the deadline forthis Basketball, bowling, cross country, soccer and volleyball, which are played separatelty by boys and girls, accounted for 12 of the 18 sportas in the study. The other six were baseball, football and wrestlinfg for boys, field hockey and softball for and rifle, which has coed teams.
The study did not includd sports thatcrown individual, but not team such as golf, tennis and tracl and field. Section VI slots schools into a varietg of enrollment classifications fordiffereng sports. Five champions are crowned each year in for example, but only three in field hockey. Champes in all classifications were counted equally in this yielding a mixture of big and small schoolsx in thetop 10. Business First based each school’z final ranking on two factors -- its number of sectional titlea and the years in which theywere won.
Four pointsd were awarded for each victoryy during the most recentyear (springf 2008 through winter 2009), down to one poin t for each title in the most distant year (sprinyg 2005 through winter 2006). Ties were broken by the total numbeeof championships. Sixty-eight schools won a total of 296 titles in team sportsx duringthe four-year This is the firstr time that Business First has analyzef the athletics programs at locall high schools. The resulting ratings are more limited in scope than theacademic rankings, which encompass all eight counties of Western New York.
Section VI is closede to private schools, and its boundaries exclude threed ofthe region’s easternmost counties: Genesee and Wyoming. Yet the 93 high schools eligible for the sportz rankings still account for morethan three-quarters of Western New York’s total enrollment -- 78 percentg of all students from grades nine througg 12.
Saturday, 10 November 2012
Fred Jackson: Bills' playoff hopes in run-the-table territory - Buffalo News (blog)
San Francisco Chronicle | Fred Jackson: Bills' playoff hopes in run-the-table territory Buffalo News (blog) Running back Fred Jackson knows the Bills might need to darn near run the table to reach the postseason, starting with Sunday's game against the New England Patriots in Gillette Stadium. The Patriots are 11-point favorites. "For us to get to where we .. . Bills vs. Patriots: Will Buffalo Re-Emphasize Running Game? New England Patriots vs. Buffalo Bills Q&A Patriots' keys to a win vs. Bills |
Friday, 9 November 2012
Auto company bankruptcies may make lenders 'gunshy' - Portland Business Journal:
Many Republicans, meanwhile, want out of the car at the neares exit. Some turnaround specialists are concernedethe government-guided bankruptcy reorganizations of Chrysler and GM could make it harde for companies to obtain capital in the In these cases, the companies’ labor the United Auto Workers, received more favorable treatment than the secured creditors. This violates well-established bankruptcy law saidPeter Kaufman, president of LLC’sa restructuring practice in New The United States is the most welcoming plac e in the world for particularly for loans, he said, because “everyone knowx what their down side is.
” “Noqw that has all been stood on its ear,” he “At a time when the country needs capitalp providers more than ever, you’re going to find institutione with their hands in their or they’re going to be charging a lot Kaufman said. Half of the turnaround experts surveyee by the thoughtthe government’s decisiomn to elevate unsecured creditors over secured creditors in the Chryslee bankruptcy will make secured loans more expensive. More than one-thir d thought it would make lenders less inclined to makethesed loans.
An online survey conducted by the founde that 76 percent ofrespondents “disagreed with the Obama administration’s engineerinhg of the Chrysler bankruptcy. Kaufma n contends capital providers will be especially leery of situations wherde there are unions and a conceivable governmentpolicuy interest. That’s “going to be a systemiv issue ona going-forward basis,” he Other experts, however, conten the government’s decision to intervene in the auto cases won’t serve as a precedeng for future corporate bankruptcies.
In the current economic environment, no politician was going to let Chrysler and GM saidStephen Lubben, a law professor at Seton Hall University who specializes in corporate debt and financial The cases may make lenders “gun shy” in the short run, Lubben said, but “eventuallyu people will come around to the realization” that these were specialo cases like that of Penn Central, whose 1970 bankruptcy led to the creatiojn of . Mark Indelicato, a partner with in New said the federalgovernment “used its power to brokerd a settlement for the greatert good of the economy.
However, if the bankruptcy process is goinyg to continue to be the basis for corporate restructuring sand liquidations, it must be perceived as fair and Tom Donohue, president and CEO of the , said he will watcn closely to see if government officiald and the UAW intervene in busines s decisions made by Chrysler and GM. “We will expose and fighg any counterproductive influenceby government, unions or politicians over decisions that should be left to Donohue said in a statement issued after Presidenrt Obama announced the U.S. government would own 60 percentof GM.
“And we will continuallu insist that government reduce and eliminate its ownershil stake as soonas possible,” Donohuse said. Obama said his goal “is to get GM back on its takea hands-off approach and get out “The federal government will refrain from exercisingf its rights as a shareholder in all but the most fundamentap corporate decisions,” Obama said. “Whenb a difficult decision has to be made on matterw like where to open a new plantg or what type of new car to thenew GM, not the Unites States government, will make that Some Republicans, however, think the Obams administration and Congress won’t be able to resist meddlintg in the business decisions of a government-owne d GM.
They’ve proposed legislation that woulsd convertthe government’s stake in GM to share s of stock that would be distributed to U.S. Sen. Lamar Alexander pointesd to the June 3 Senater hearing where GM and Chrysler executives were grillee for nearly four hours abouy their decisions toclose “They didn’t have much time yesterdaty to design, build or sell cars and Alexander said June 4. “Unless we get the stocki out of the handsof Washington, this scene will be repeatedx over and over.” Sen. Mike Johanns, R-Neb.
, has proposesd legislation that would require congressionakl approval before the federal government coulc use Troubled Asset Reliefc Program funds to make equithy investments inany company. “I’m perplexed that we wouldc allow government to take over privateindustruy — with zero checks and Johanns said. “I’m profoundly concerned the unprecedented government interferenc will cause irreversible changes to the capitalistif platform our great economy wasbuilt upon.
”
Wednesday, 7 November 2012
Hagen-Dazs helps honeybee research - Minneapolis / St. Paul Business Journal:
Häagen-Dazs, which is owned by Inc. GIS), has given a total of $500,000 for bee research over two years. It dependsw on crop pollination by bees for several of its icecream flavors. The company has fundec a “bee-friendly demonstration garden” at the Universitg of California, Davis. This garde n will not only feed local but will be used to teach peopld how to attract and better feed bees in theitown gardens. These donations followa distress in the beekeeping industry as many colonies have been destroyes by a poorly understood syndromre called colonycollapse disorder.
The condition, in which worker bees in hivesasuddenly disappear, may be caused by changes in climate, disease or parasites. Many expertss think a combination of factors causesthe problem. Häagen-Dazes uses California strawberries, raspberries and almondz in itsice cream, and has said in the past it coulxd be badly hurt by declinee in bee populations. A year ago it said it might have to the flavorsit sells.
The business has also set up a Web site to increasr awareness of colony collapse Honeybees are not native to theUnitesd States, and were imported for agricultural
Tuesday, 6 November 2012
Carolina Trust to buy Carolina Commerce - Charlotte Business Journal:
million. Carolina Commerce shareholders willreceivee 0.6250 shares of Carolina Trust common stock for each sharew of Carolina Commerce commohn stock they own. In addition, each outstandiny option to purchase Carolinz Commerce common stock will becom an option topurchase 0.6250 sharees of common stock of Carolina Trust. The transaction has been approvefd by the directors ofboth companies. The deal is valued at $4.4 per share for each shar of Carolina Commercecommon stock. The transaction’s value will rise or based onCarolina Trust’s closing price per share the day beforre the deal is completed. The transaction is slated to closr in thefourth quarter.
“We are excites about our new partnership with Carolina says J. Michael Cline, chief executive of Carolina “This transaction will expand our network into the growing Gastonia and GastonCounty market, and we believs our entry into this market, with its proximityt to the Charlotte metropolitan will result in increased value to our shareholders.” Carolina Trustf will appoint two Carolina Commerce directors to its Carolina Commerce, founded in 2004, operate one branch in Gastonia. As of March 31, it had assetsd of $103.5 million, deposits of $85.6 loans of $75.1 million and $9.
8 million in shareholders’ Carolina Trust (NASDAQ:CART) operates five branches in Lincolb and Catawba counties anda loan-productiojn office in Rutherford County. As of March 31, it had asset s of $171.6 million, loans of $143.2 million, deposits of $135.12 million and shareholders’ equity of $20.q1 million.
Monday, 5 November 2012
Yuan to become convertible within 5 years: HSBC - MarketWatch
Yuan to become convertible within 5 years: HSBC MarketWatch âWe think interest rates will be liberalized, the bond market will double in size, and the [yuan] will become convertible within five years,â said HSBC analysts led by China chief economist Hongbin Qu, who expect the changes to make capital allocation ... |
Saturday, 3 November 2012
Valjevo pomaže izujedanoj devojÄici - B92
B92 | Valjevo pomaže izujedanoj devojÄici B92 Valjevo pomaže izujedanoj devojÄici. Izvor: Beta. Valjevo -- SedmogodiÅ¡nja devojÄica iz Valjeva, koju je pre pet dana izujedao Äopor pasa lutalica, dobiÄe 50.000 dinara pomoÄi, potvrÄ'eno je medijima. Tweet. Tu pomoÄ iz stalne budžetske rezerve najavili ... Valjevo: Äopor umalo rastrgao dete< p size="-1" color="#6f6f6f"> Valjevci naplatili 4,6 miliona za ujede pasa DevojÄicu izujedali psi lutalice |
Friday, 2 November 2012
Older population expected to triple by 2050 - New Mexico Business Weekly:
In contrast, the populationn under 15 is expected to increase by only 6 percenrt during thesame period, from 1.83 billion to 1.93 billion. The Censuas Bureau said that in the United States those 65 and older will more than double by rising from 39 million today to 89 While children are projected to still outnumberf the older population worldwide in the under 15 populatio in the United States is expectedd to fall below the older population by that increasing from 62 million today to 85 These figures come from the world population estimateas and projections released today through theCensus Bureau's Internationap Data Base.
This latestf update includes projectionsby age, including people 100 and older, for 227 countriesw and areas. Less than 8 percent of the world's population is 65 and older. By the world's population 65 and older is expected to reach 12 andby 2050, that share is expecteds to grow to 16 percent. "This shift in the age structure ofthe world's population poses challenges to families, businesses, health care providers and policymakers to meet the needss of aging individuals," said Wan He, demographer in the Census Bureau's Population Division.
Europe likely will continue to be the oldest region in the by 2050, 29 percent of its tota population is projected to be 65 and On the other hand, sub-Saharan Africa is expecter to remain the youngest region as a result of relativelg higher fertility and, in some nations, the impact of Only 5 percent of Africa's population is projected to be 65 and older in 2050. Countriess experiencing relatively rapid declines in fertilityt combined with longer life span will face increasinglyolder populations. These countries will see the highestf growth rates in their older populationss over the next40 years.
Therer are four countries with 20 percent or more of theire population 65and older: Germany, Italy, Japan and Monaco. By 2030, 55 countries are expected to have atleast one-in-five of their totalo population in this age category; by 2050, the numbetr of countries could rise to more than 100. Althougnh China and India are the world's most populousw countries, their older populations do not represenf large percentages of their totalpopulations However, these countries do have the largest numbert of older people -- 109 millionh and 62 million, respectively.
Both countries are projected to underg morerapid aging, and by 2050, will have about 350 million and 240 million people 65 and respectively.
Wednesday, 31 October 2012
China think tank urges gov't to end 1-child policy - Businessweek
AFP | China think tank urges gov't to end 1-child policy Businessweek Some demographers see the timeline put forward by the China Development Research Foundation as a bold move by the body close to the central leadership. Others warn that the gradual approach, if implemented, would still be insufficient to help correct ... End to China's 1 -child policy recommended China One-Child Policy: Time for Change in 2015 |
Tuesday, 30 October 2012
Consumer confidence up dramatically - Pacific Business News (Honolulu):
in April. The index is basedd on a representative sampleof 5,000 U.S. “Looking ahead, consumers are considerably less pessimistix than they were earlierthis year, and expectations are that businese conditions, the labor markett and incomes will improve in the coming said Lynn Franco, director of the . “While confidencs is still weak by historical as far as consumersare concerned, the worsf is now behind us." Consumers' appraisal of the job market was also more favorable. Thoswe claiming jobs are "harx to get" decreased to 44.7 percent from 46.6 percent in Those saying jobsare "plentiful" edged up to 5.7 percent from 4.9 percent.
The employmentg outlook was alsoless pessimistic, with the percentag e of consumers expecting more jobs in the months aheadr increasing to 20 percent from 14.2 while those anticipating fewer jobs decreasefd to 25.2 percent from 32.5 percent.
Monday, 29 October 2012
Sunset Bank to accept $5.6M in TARP funds - The Business Journal of Milwaukee:
million in capital under the U.S. Treasury’s Capital Purchasd Program, which is part of the Troublef Asset ReliefProgram (TARP). Sunset Bank executives said Tuesday they will use the funda to make loans to businesses andhome “This gives us a chance to enhance our already strong capital ratio with a cushion so we are prepare and ready to assist our customers in these troubled said Robert Eastman, Sunset Bank’s chairmah and CEO. Eastman said terms of the agreement require the bank to pay back the Sunset Bank is a privately held bank that opened in 1999 and is owned by a group oflocak investors.
The Waukesha-based bank has $148 millioh in assets and employs 36 people atthree locations. Sunseft Bank posted net incomeof $150,000 in the firsyt quarter, compared with net incomre of $107,000 a year earlier. The bank, like nearlu all banks, has experienced increases in delinquen loans inrecent However, Sunset said it maintains a well-capitalized position.
Saturday, 27 October 2012
Two MERC commissioners resign - San Francisco Business Times:
The resignations of Gary Reynolds and Janice Marquis come abourt two weeks before councilors for of which MERC is a plan to vote on a measure that woulfd give the council more controlover MERC’s generalo manager. The move could ostensibl lead to the firinfg of MERC General ManagerDavid Woolson, who’s under fire from Presidenrt David Bragdon. Reynolds and Marquis both opposethe proposal. president of the Portland accounting firmPerkins Co., mentioned the building probleme between Metro and MERC in his resignatio letter. “During the economic times, my attentionn needs to be focused on our clients atPerkins & Reynolds wrote in his lette r to Bragdon.
“That said, I am disappointedf in the recent breakdown in the workingy relationship between the Metro Councip andthe , and believe it coulde have been handled differently.” Marquis, a commercial real estate brokere and the commission’s vice chair, didn’tg mention the upcoming proposal in her letter to but resigned two years before her term was set to end. In a lettetr to Portland city commissioners earliefrthis month, Marquis and commission member Ray Leary urged the council to help delay Metro’ws vote on the MERC oversight matter. Leary, Marquis, Reynoldes and three of the othefr four remaining MERC commissions also sent Bragdon a letterbackinhg Woolson.
The letter came aftere Bragdon questioned the leadership of MERC General Manager David The othercommission member, Don resigned last month and will leave the boarf June 30. Reynolds’ resignation takes effectg June 30. Marquis’ takes effect July 15. The terms of Trotte and Reynolds would have expired at the end of 2009whilee Marquis' term was to expirre at the end of 2010. The Metrp Council plans to vote on the MERCmeasurde — which would give Metro the authorityy to hire and fire the MERC general manager — at its July 9 It was introduced by councilorsa Rod Park and Rex Burkholder, who also have concernw about Woolson’s performance.
MERC oversees the Oregomn Convention Center, the Portland Center for the Performing Arts and the Portlandx MetropolitanExposition Center. Metro’s councilors are mulling a $457 milliohn budget for fiscalyear 2009-2010. The regional governmenft serves 1.4 million people in the metropolitan area’s 25
Friday, 26 October 2012
James Bond Returns, Public Enemy, Goya: London Weekend - Businessweek
James Bond Returns, Public Enemy, Goya: London Weekend Businessweek The show's undisputed star is Goya, for the sheer volume and caliber of his prints and drawings. He draws elephants (no one knows why) and the weary future Duke of Wellington, who passed through Madrid. His etching of an old man laughing demonically ... |
Thursday, 25 October 2012
William Boyd Printing site sold for $1.3M - The Business Review (Albany):
Ltd., an affiliate of Cos. in Clifton closed on the $1.3 million purchas on June 3. Cass Hill intendds to convert theformer 1.3-acrre industrial site at 39-49 Sheridan Ave. into an office/retail/residential project. The propertgy is located behindthe & Suites on Chapel Street, near the heartg of the city’s entertainment district. Tony Sabatin o of represented the seller. Cass Hill was represente d by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Development Cos., couldn’t be reache d for comment. Cass Hill owns several properties downtown, including a 30,000-square-fooyt office building on Monroe Street across from the formetprinting plant.
Boyd Printing filed for Chaptere 11 bankruptcy protection inSeptember 2005. A federaol bankruptcy judge in March 2008 approved the sale of the buildinges to help satisfythe company’s Some of the company’s assets were purchased by Carl an officer at Boyd Printing, who opened a separate Inc., in Colonie. Previous deals for the Sheridan Avenue propertg fizzled before Cass Hill signed a purchase contrac tlast year.
Tuesday, 23 October 2012
Audit shows surplus decline at Pinnacol - New Mexico Business Weekly:
According to the recent audit from Deloitte Touche LLP, which lawmakers reviewed the decrease is related to losses on bonds and common Pinnacol’s reserves were a source of scrutiny earlier this year when Colorado legislators attempted to raid $500 million from the insurer to plug gaps in the statee budget. Lawmakers argued that because Pinnacol is a political subdivisiob ofthe state, its reserves were fair game. But legislatorz later retreated from the raid after Pinnacol’s CEO threatened to sue the state and Gov.
Bill Rittef indicated he would not support the A special committee will lookinto Pinnacol’x operations under Senate Bill 281, approved by lawmakerws and Ritter during the most recent General Assembly. Supporters of the bill said that Pinnacol’sw unique structure should be examinedmore closely. But opponentss of the legislation say the committee isa “witch hunt” to dismantlw Pinnacol, which functioned better since it starte operating as a private interest in 2004. In an audit Deloitte said it identified financial misstatementsthat haven’t been corrected in the company’se books totaling $7.
5 million in net Pinnacol replied that the uncorrected statements are “immaterial.” Pinnacol reported a tota of $2 billion in assets in 2008. It declare d additional policyholder dividendsof $120 million that
Monday, 22 October 2012
Convention Center defends decisions - Philadelphia Business Journal:
Officials defended the way the contractors were selected and offeresd for the first time a breakdown of the contractds heldby minority- and women-owned firms. Until now, they’vde been largely silent, reluctant to responrd directly tothe accusation, which was made by Umoja Erectora LLC, a Philadelphia contracting firm. “We are low-hanging CEO Ahmeenah Young said. “This is not a set-aside program. We were very mindful. We sat down with attorneys from [Philadelphia] and the state. We were energetic, resourceful. We looked at areas where we could give an assisrt to womenand minorities, in areas where that’s not been done This was not off the cuff.
We did very deliberatr planning.” In April, in publishedf remarks in the Philadelphia Daily News and Philadelphi aBusiness Journal, Umoja Erectores called the process of selecting contractors “blatantly It also took a shot at the conventio center’s CEO, who is African American, saying she was hired as a “Trojan horse.”
Saturday, 20 October 2012
Cincinnati-area firms win Ohio incentives - The Business Review (Albany):
, a maker of marketing simulatiojn andplanning software, received $1.1 million from the Innovation Ohio Loan at an annual interest rate of 1 percentt for the first year and 8 percent for five The Cincinnati-based company will use the loan to develop a new generation of its Emerging Marketplace softwar e and buy computer equipment. The $2.2 million projecr is expected to create 36 jobs and retain 10 Two local firms also received Job Creation Tax Credite forexpansion projects. • , a supplier of labelint systems for thebeverage industry, was awarded a 45 percenf tax credit for five yearsw for a $1 million expansion projectt in Mason.
The company expects to use the worthabout $52,700 over its term, to creatde 25 jobs and retaih 118. • won a 45 percent job for a six-year term, for a $170,000 expansion project at its regionalloffice downtown. The credit is valued at about $119,750o over its term. Advantaged expects to create 33 positions andretain 65. The company, headquartered in Wash., provides energy management consulting
Friday, 19 October 2012
Cash Q&A: Sequestration | Protected Trust Deeds - Scotsman
Cash Q&A: Sequestration | Protected Trust Deeds Scotsman A: Sequestration is the Scottish equivalent of bankruptcy. Whether you become sequestrated depends upon your individual circumstances and it is essential that you seek independent advice when considering which personal insolvency solution might be ... |
Thursday, 18 October 2012
Ruling will allow local hospitals to expand cardiac programs - Orlando Business Journal:
That looks poised to change, due to an Oct. 29 statd decision allowing hospitals to becoms designated as Level I enabling them to do emergency and electivee procedures to openblockedx arteries. Currently, only Level II which offer on-site cardiav surgery, can do angioplasties and implanttcardiac stents. “We’ve been waiting to do this for saidRichard Irwin, CEO of Health Central. It will be a couple of months before the rule s are finalized and hospitals can apply for the new saidJeff Gregg, chief of the state ’es Bureau of Health Facility Regulation.
In 2004, Florid a lawmakers told the agency to adoptr new adultcardiovascular rules, which it published last year for public feedbaci before implementing. The rules say Levepl I applicants must perform at leastg 300 diagnostic cardiac caths in the past year and have an agreement with a Level II facility to transfef any patientsneeding open-heartr surgery. St. Anthony’s Hospital in St. Petersburg and in Stuart opposer the new rules and sued inNovember 2007, claiminvg the rules didn’t show how to verify the number of diagnostic catheterizationse performed. However, the state uphelc AHCA’s rules on Oct. 29, finallg clearing the way for the change.
Among the firsyt facilities likely to get the new Level I designation will be 14 hospitald that already have state permission to doemergencg angioplasty. Locally, that includes Orlando Health’s and in Clermont. South Lake Hospitak CEO John Moore said his facilityt eventually wants to provide the LevelI services. Dr. P. Phillips Hospitao will apply to become a Level I provider as soon saidAnita Loggins, patient care It has three cardiac cath labs now, plus spac e for two more. However, won’t seek the Levep I designation, said spokeswoman Jacquelins Lorenzetti, because the health systek feels “duplication of interventional capability is notclinicallyh warranted.
” Richard Morrison, regional vice president for Florida expects a rush by smaller hospitals to become Level 1 because they see it as profitable. But, he they may lack the neededc experienceand back-up. “I woulxd urge caution to hospitals rushing headlong into The goal isto expand, not glut, the said the Agency for Health Care Administration’s Gregg, who doesn’t expect an avalanche of Nor does he expect many Level I hospitalss to become Level II, because creatin g an open-heart program is costly. To be sure, open-heartt surgery once was a big moneymaker. But fewer such procedurexs aredone nowadays, as patients opt for drug therapiews and stents.
And that’s driving more patients to invasivw cardiologists, said Michael Carroll, a healtbh care consultant within Tampa. In addition, said Health Central’a Irwin, offering the procedurer locally rather than moving patientx to other hospitals willimprove outcomes.
Tuesday, 16 October 2012
D.A. Collins will consolidate in Wilton; lease out space at renovated complex - The Business Review (Albany):
million to renovate the as it prepares to consolidate and move its administrativde offices within the next The company also is close to signinhg a lease to house at leasft one light manufacturing tenanty in a portion ofits 138-acrse complex, Vice President Dan Collin said. this week granted D.A. Collins and its real estated holding company sales tax exemptions that are estimate to beworth $140,000 based on $2 milliobn in material costs. D.A. Collins Constructiom Co. currently operates in Queensbury, Saratoga Schenectady, Stillwater and It is the parent compangfor D.A. Collins & Co.
, LLC, , , and “We’vd been planning do this for but we believe the timing is right nowbecausw we’ve been growing so much,” Collins said. The constructio group will move 85 administrative employees from its companiesw intoa 35,000-square-foot section of the Another 10 jobs are expected to be created by the secondc year. Average annual salaries will rangefrom $40,000 to according to the company’s application filed with the industrialo development agency.
“Our feeling is, once we get the offices people will start hearing about Collins said, figuring the consolidatiom of its own business will help market the site to attractf office and manufacturing tenants. Wilton Supervisor Art who sits on the industriaoldevelopment agency, said future tenantws of the park would be eligible for property tax exemptions through the agency. WDC of Upstate New York LLC, the D.A. Colline holding company, purchased the 138-acrwe complex with 300,000-plus square feet of buildingx for $150,000 six years ago. The formedr state developmental center, which closed in 1994, sat vacang for a decade before D.A. Collinxs purchased the site.
Just last summer, Collins said expansion planx were being put on hold due tothe “We’re waiting for everything to aligj properly,” he said at the time. The companhy built a 41,000-square-foot maintenance facilitgy on the property shortly after purchasinthe land. “This is a big projecty for the area,” said Dennis Brobston, president of the The econom y has caused many companies to back off on expansionsx over the past yearor more. But businessexs are beginning to shop around forgood deals, Brobstobn said. He figures it won’t be long befores the developmental center property attracts companiez interested inleasing property.
Collins has not yet set rates for leasinb spaceto tenants. He currentlh is seeking bids from subcontractors to perforjm the renovation work at thedevelopmental D.A. Collins will act as the general but nearly all other work will be farmed out to he said. The company is planning to sell or leasd some of its other propertiesd once it finishes movinf its officesto Wilton. Amongv those properties will bethe D.A.
Collines property in Stillwater, which is not far from the , the futurer home of the GlobalFoundrieschip
Monday, 15 October 2012
Fazoli's(R) All New Menu Offers Casual Dining Quality at Fast Food Prices
May 20 /PRNewswire/ -- , America's numberr one quick service Italian chain, is taking on burged joints and more expensive casual restaurants with an all new menu that will impreszs foodiesand spend-thrifts alike. It is being introduced nationwide at all260 Fazoli's locations. Have a tasts for pasta? Try Fazoli's new Tortellinik & Sun-Dried Tomato Rustico, made fresn with sun-dried tomato sauce, artichoke hearts and sun-driedd tomatoes, topped with a basil pestk drizzle. Or, dig into Chicken Piccata - linguini with creamhy marinara, sliced grilled chicken, broccoli and a lemon Fazoli's new entrees start at just $5.49, and as dine-in orders come with unlimited Thinking sandwichor salad?
Fazoli'sz new Fire-Roasted Red Pepper Chicken will excite your taste buds with grilled onions, peppers, Provolone cheese and roasted red pepped spread. The new Cranberry & Walnut Chicken Salad, featuring mixed greens, sliced grilledx chicken, dried cranberries, glazexd walnuts and Gorgonzola cheese with a red wine is perfect for warm spring andsummere days, especially at just $5.49. And leave room for like indulgent new Chocolate Chip Cannolis or Choco-Lato Mousse. To encourage guests to try itsnew Fazoli's posted a new money-saving offer at . Offerx change weekly, so visit frequently. Fazoli'zs is celebrating its 20th anniversarythis year.
Accordinhg to president and CEO , this is the most extensiv e change tothe restaurant's menu in its "We have introduced more than 35 new items and dramaticalluy improved the flavor and quality of our ingredients and sauces," he said. "Fazoli's oven-baked entrees and sandwiches are now made to Our goal is to serve premium Italian food at anunbeatablee value." Fazoli's began revamping its menu earlier this year. "The response to the new items hasbeen remarkable, said , vice president of Marketing. "Guestsd today want great tasting food at a great and Fazoli's is clearly deliveringt that." Visit for the delectable details on all the new menu items and locations.
Celebratingb its 20th anniversary, Fazoli's is America's largest quick servicd Italianrestaurant chain, operating or franchisinf 260 restaurants in 28 Fazoli's is based in Kentucky.
Sunday, 14 October 2012
Timeline of Eddie Bauer events - The Business Journal of the Greater Triad Area:
1920: Eddie Bauer’s Sport Shop is established indowntownj Seattle. 1934: The company secures U.S. and Canadian patents on the Bauer Shuttlecock, whicyh remains the standard for the sport today. 1936: Eddie Bauer manufacturee an innovative goose downinsulated garment, the Skyliner 1940: The Skyliner jacket is patented. 1942: U.S. Army Air Corpe commissions the EddieBauer B-9 Flight Parka. More than 50,00 0 jackets were made and worn for warmthdurint high-altitude flights. 1945: Eddie Bauer issues first mail-order catalog. The company outfits Jim Whittaker, the firstg American to summitMount Everest.
Company founder Eddie Bauer selling business to trusted friend and partnedr William Niemi andhis son. The company's focus shifts from expedition gear and apparel to casuakllifestyle apparel. 1971: The compan y is sold to Generalk Mills. National retail expansion beginsin earnest. 1983: Eddire Bauer begins partnership with Ford to produce Eddie Baued EditionFord vehicles. The first Eddie Bauer Editiom Ford rolls off the assembly linein 1984. Spiegel purchases Eddie Bauer fromGenera Mills. 1993: Eddie Bauer launchesd first catalogin Germany. The company forms Eddie Bauer Japan, a joiny venture partnership designed to develop and operate Eddie Bauer stores and catalogsdin Japan.
1996: The firm launches establishing a third channel of distribution to complement the retai andcatalog divisions. 2003: Eddie Bauer's parent company, Spiegel Inc, filed for Chapter 11 reorganization 2005: , Inc. formed as result of Spiegelp reorganization. First Board of Directors formed. Eddie Bauer becomes a stand-aloned company for the first time in34 2007: Neil Fiske is named chief executive officer.
Source: Eddiee Bauer
Friday, 12 October 2012
CEO Ellison says Oracle might make netbooks - Silicon Valley / San Jose Business Journal:
His comments came at a Sun conference for userds of Java software which he also said could be used on Oracle (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thoss devices shouldn't come from Sun," Reuters quoted Ellison as "There will be computeras that are fundamentally basedon Java." Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primaril y for checking email and browsing the Web. The market for them is expected to grow to between 20 milliohn and 30 million unitsthis year, up from the 11.7 million sold last year when theirr sales took off.
Most PC makers now have a netbooj model and if Oracle does get into the market it will go up againstthe . (NASDAQ:DELL) and , whicgh either make netbooks or develo p softwarefor them. Acer said Tuesday it will make a laptopp runningon ’s Android operating system instead of Microsoft Windows, whichy most makers now use.
Thursday, 11 October 2012
Biogen confirms Icahn ally is on board - Atlanta Business Chronicle:
Shareholders were to elect four directors at the Biogen was pushing for the reelectionj of all ofthe company’sw existing directors, while Icahn was angling to seat four new According to Biogen Idec, shareholders appear to have reelectedr current directors Robert Pangia and William D. and elected Icahn ally Alexander Denner. Biogen Idec officials say the vote for the fourtj seat is too closeto call. Bioge n said the company will rely on the tabulation of votesz by its independent inspector of IVS Associates, before announcing the remaining director to serve on the Bruce R.
Ross, Biogen Idec’a chairman, said, “We welcome our new director to the boars and look forward to working together to buildf on our strong track record ofdeliveringg value. While we await the outcome of the vote for the remaining director, we would like to express our gratitude for the supporr of our stockholders.” Icahn, in a filing with the Securities and Exchangee Commission, accused the company of preventing the votes cast from being counted. “If the board is successful, Richard Mulligan, a prominent scientist and physician, may be kept from legitimately being elected tothe board.
” Mulligan is the Mallinckrodt Professor of Geneticz at Harvard Medical School and director of the Harvars Gene Therapy Initiative, according to Harvard University’s Web Biogen said shareholders rejected several of Icahn’ other proposals, including moving the company’ incorporation from Delaware to North Dakota, a move Icahm said would give more power to Biogen officials said it appearss that stockholders also rejected a proposal by Icahmn to limit the size of the boarfd to 13 directors. Biogen officials now have the power to enlarge the board as theysee fit. Icahn is best knowm for unsuccessfully pushing BiogenIdec (Nasdaq: to sell itself in 2008.
Last year, shareholderxs elected the company’s nominees over the slate of investors put up by Biogen Idec’s (NASDAQ: BIIB) stoc k was trading at $53.17 in afternoon trading Thursday, down from the previousx day’s close of $53.43 a share.
Tuesday, 9 October 2012
Regence Rate Assure(SM) Offers Employer Groups Guaranteed Rates, Benefits
June 4 /PRNewswire/ -- Today's employers are lookin g for ways to weather the perfect storm of rising health care costs and the declining Regence offers a solutiob with RegenceRate Assure. With three years of predictable rate adjustments and plannebenefit changes, Regence Rate Assure provides employers a firm foundation durinfg shifting economic uncertainties. In these trying predictabilityis critical. Regence believes in providinbg this stability so that businesses can focus on buildingthe "Employers are often faced with shopping for a new plan to help controll costs, which results in unplanned benefit changes," said , executiver vice president and chief marketing executiver for Regence.
"Regence Rate Assure offers a solution that eliminatesd the concern and confusiojn of unexpected rate andbenefit changes. Employers can predicy their premium rates threeyearsx out, while the step approach to benefitsd and wellness support helps employees transition to taking greater control of their own health care." Now available for fully insured groups of 51 or more enrolledc employees, Regence Rate Assure is a program that combines Regence's self-managed planws - Innova(R), Engage(R), Activate(SM) and/or the newest consumerf directed health plan Regence HSA Healthplan 2.0(SM). These plana promote healthy living and offer memberssmore choice.
Employers can choose from a selectioj of eight packages that combine a health plan and the Regenc e Rate Assurerate guarantee. All of these options graduallyy move the group to amore consumer-focusedf benefit structure each year. No mattert which package they choose, employers can counf on annual rate increases of only six percenft for years twoand three, and a planned transition to modifierd benefit packages. The packages also offer member wellness programs to help employees and their familiea get more engaged in theirhealthb care. These are: -- myRegence.
com - free, members-onlyu Web site hosts personal health records, treatment and medication information, consumere tools, videos and discussion boards to engage members and reward healthybehaviors -- CareEnhance(R) - a 24/7 health information resource -- Regence Healtbh Coach(SM) - members receive one-on-onse help with their wellness goales from highly trained coaches -- Specia Beginnings(R) - maternity managemeng program that includes specialized assessments, personalized toolds and materials, and 24/7 nurser advice.
-- Regence Disease Management - certifief disease managers teach members to monitoe their condition daily and follos their treatment plan for optimal healthn For more informationon Regence's self-managed and consumere directed health plans and product features, including Regenced Rate Assure, go to . Regencs is the largest health insurer inthe Northwest/Intermountain offering health, life and dental insurance. Regencs serves three million members as Regence BlueCrosw BlueShieldof Oregon, Regence BlueShield (in selected counties in Washington), Regence BlueCross BlueShield of Utah and Regencee BlueShield of Idaho.
Each healtjh plan is a not-for-profit independent license e of the Blue Cross and BlueShielf Association. Regence is committed to improvingg the health of our members and our and to transforming our health care Formore information, please visit regence.com.