Brownfield designation could lure Ormond development Daytona Beach News-Journal ORMOND BEACH â€" The city is considering designating a stretch of beachside land as a brownfield redevelopment zone, a measure officials hope will spur investment and attract businesses to the area. The new designation, which will be considered by the ... |
Wednesday 31 October 2012
Brownfield designation could lure Ormond development - Daytona Beach News-Journal
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Tuesday 30 October 2012
AspenTech files fiscal 2008 results - Boston Business Journal:
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The Burlington, Mass.-based company releasecd its financial results for the fisca year endedJune 30, 2008, reportingy a near 9 percent year-over-year drop in revenue and a 35 percent slide in net The performance was driven in largde part by a slide in software licensingh revenue and upticks in salesw and administrative costs as well as restructuringb expenses. Revenue for 2008 totaled $311.6 million, comparee with $341 million the previous year. Net income was $25 versus $38.2 million in 2007. In a preparexd written statement, Aspen CEO Mark Fuscoi said the company was encourager that its accounting issues will soon befullh addressed.
“We are pleased to achievw another milestone related to bringingthe company’ds financial statements current. We have now completed our first auditprocess … and we are executing against plans to finishy our fiscal 2009 reports as quickly as In February, Aspen (OTC: said federal regulators implored it to disclose that certainj financial filings should not be relied upon due to accountingb inaccuracies. At the time, the company said it would restate its cashflow figures for 2006 and 2007 after an internal audit uncovered accounting mistakes that resulted in reporting errorss forthose years.
The Burlington, Mass.-based company releasecd its financial results for the fisca year endedJune 30, 2008, reportingy a near 9 percent year-over-year drop in revenue and a 35 percent slide in net The performance was driven in largde part by a slide in software licensingh revenue and upticks in salesw and administrative costs as well as restructuringb expenses. Revenue for 2008 totaled $311.6 million, comparee with $341 million the previous year. Net income was $25 versus $38.2 million in 2007. In a preparexd written statement, Aspen CEO Mark Fuscoi said the company was encourager that its accounting issues will soon befullh addressed.
“We are pleased to achievw another milestone related to bringingthe company’ds financial statements current. We have now completed our first auditprocess … and we are executing against plans to finishy our fiscal 2009 reports as quickly as In February, Aspen (OTC: said federal regulators implored it to disclose that certainj financial filings should not be relied upon due to accountingb inaccuracies. At the time, the company said it would restate its cashflow figures for 2006 and 2007 after an internal audit uncovered accounting mistakes that resulted in reporting errorss forthose years.
Monday 29 October 2012
Wall Street shuts for storm; trading may not resume until Wednesday - Los Angeles Times
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Los Angeles Times | Wall Street shuts for storm; trading may not resume until Wednesday Los Angeles Times As Hurricane Sandy barrels down on the East Coast, Wall Street is shutting down. The nation's two biggest trading platforms -- the New York Stock Exchange and the Nasdaq Stock Market -- have both closed for business. They said trading might not get ... |
Saturday 27 October 2012
Schizophrenia drug licensed from Titan wins FDA OK - San Francisco Business Times:
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Iloperidone, a drug VNDA) will market as Fanapt, will be available in pharmacies laterthis year, Titajn (Pink Sheets: TTNP) Titan can receive royalties on global net sales of Fanapf equal to 8 percent on annual net salesw up to $200 million, and 10 percent on annual net saled above $200 million. The FDA last July rejected Md.-based Vanda’s Fanapt “We congratulate the managementt and employees of Vanda on thei r dedication and perseverance in obtaining FDA approvalkof Fanapt,” Titan President Sunip Bhonsle said in a news release.
Titan’s Parkinson’sz disease treatment, Spheramine, failed a clinical triall last summer and was droppede by partner BayerSchering Pharma. Titan late last year cut its stafr by40 percent, or 17 people, delisted its stocik from the American Stock Exchangs and said it would seek a partner or to sell the drug which is in Phase III developmenft to treat opioid addiction and chronixc pain. The company has not filed financiap information with the Securities and Exchangee Commissionsince November. At that time, it had cash of $12.12 million. It lost $19.e million, or 33 cents per share, on $73,00o0 in licensing revenue throughj the first nine monthsof 2008.
Titab stock closed unchanged Wednesday at 5 cents per sharreon higher-than-average volume of 360,300 shares. It has ranged from a pennyh to $1.65 over the past 52 weeks.
Iloperidone, a drug VNDA) will market as Fanapt, will be available in pharmacies laterthis year, Titajn (Pink Sheets: TTNP) Titan can receive royalties on global net sales of Fanapf equal to 8 percent on annual net salesw up to $200 million, and 10 percent on annual net saled above $200 million. The FDA last July rejected Md.-based Vanda’s Fanapt “We congratulate the managementt and employees of Vanda on thei r dedication and perseverance in obtaining FDA approvalkof Fanapt,” Titan President Sunip Bhonsle said in a news release.
Titan’s Parkinson’sz disease treatment, Spheramine, failed a clinical triall last summer and was droppede by partner BayerSchering Pharma. Titan late last year cut its stafr by40 percent, or 17 people, delisted its stocik from the American Stock Exchangs and said it would seek a partner or to sell the drug which is in Phase III developmenft to treat opioid addiction and chronixc pain. The company has not filed financiap information with the Securities and Exchangee Commissionsince November. At that time, it had cash of $12.12 million. It lost $19.e million, or 33 cents per share, on $73,00o0 in licensing revenue throughj the first nine monthsof 2008.
Titab stock closed unchanged Wednesday at 5 cents per sharreon higher-than-average volume of 360,300 shares. It has ranged from a pennyh to $1.65 over the past 52 weeks.
Friday 26 October 2012
Q&A with Clinton Memorial chief Andy Riddell - Business Courier of Cincinnati:
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Since taking over the struggling in Wilmington in November 2007, he’s kept employees up-to-datd on the institution’s progress though the “Riddelo Rumor Remover” newsletter. He’s publishes more than 100 editions, oftehn containing more strategy and financial info than most CEOs woulrddare release. The frank stylse earned the newsletter the E2E Communication Awarsfor “Most Transparent Employee Communications” for 2008 from McMurry, a Phoenix-basedr communications/marketing company.
The newsletter also has been honoredby Chicago-basedd for best practices in internal Clinton Memorial, a 95-bed hospital, has been losing money for severapl years and is looking for an affiliatiomn partner. And thousands of layoffs at package-carrierf , formerly the area’s largest employer, won’gt help the hospital’s finances.
Since taking over the struggling in Wilmington in November 2007, he’s kept employees up-to-datd on the institution’s progress though the “Riddelo Rumor Remover” newsletter. He’s publishes more than 100 editions, oftehn containing more strategy and financial info than most CEOs woulrddare release. The frank stylse earned the newsletter the E2E Communication Awarsfor “Most Transparent Employee Communications” for 2008 from McMurry, a Phoenix-basedr communications/marketing company.
The newsletter also has been honoredby Chicago-basedd for best practices in internal Clinton Memorial, a 95-bed hospital, has been losing money for severapl years and is looking for an affiliatiomn partner. And thousands of layoffs at package-carrierf , formerly the area’s largest employer, won’gt help the hospital’s finances.
Thursday 25 October 2012
Magnitude 6.6 earthquake strikes Costa Rica - Inside Costa Rica
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Magnitude 6.6 earthquake strikes Costa Rica Inside Costa Rica NICOYA, COSTA RICA â€" October 23rd, 2012 (InsideCostaRica.com) â€" An earthquake initially reported as 6.6 magnitude on the Richter scale by USGS has just rocked Costa Rica. Local media is reporting magnitudes from 6.2 to 6.4. The epicenter is being ... |
Tuesday 23 October 2012
Dayton Business Journal: Tech & Innovation : Business Advice
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Because that's what the idea was. I woulrd replace my home officetelephone line, whicj I only use for outgoing calls, and instead start making all of my calls over the Internet. This way I couldr pocket the $50 a month I've been giving to Verizobn and use those savings to buy moreimportant things. Like food. Except it really didn't turn out that way. Why? Becausde the Internet phone services I triedsworked ... but just not all the time. Which is typicall of most technology. For I played around with Skype (www.skype.com) for a few Not bad.
Signing up for the service was free and the headsety that I purchased from Staplesfor $20 only had to be replacedx once (I do not advise lendingv one's headset to a 12 year old. Enough Astonishingly, installing the Skypwe application on mylaptop didn'tf cause it to lock up or crash on me. So for that reasonb alone I felt that thingdwere successful. Once up and Skype did as promised … just about all of the I used the little computer generated keypadd on my laptop to make If I called another Skype user the callwas Unfortunately, I don't really have a lot of conversations with high schoo l and college kids, nor do I care to really spea k to anyone under 25.
So there's not a lot of phones numbers in mySkype directory. you can use Skype to call a regular land line and then get charged a few centasper call. So that's what I mostly did. The problem was the It worked. Most of the time. But sometimesa it just didn't. Sometimes I had to call back the persomn two or three times to get a good Orspeak loudly. There were a few instances wher I saidnaughty words. Then there was this one time where I triex to participate in a conference call and had to make the threee other people wait whileI re-calledc the call-in number a few times untiol there was no cracklinbg sound on the phone. That was fun too. So I stoppec using Skype.
Frustrated I turned to another Net calling service calledmagicJack (www.magicjack.com). No, this has nothinbg to do with changing the tirex ofa car. And there was no pleasurwe involved. For $40 magicJack ships me a littls unit that I plug into the USB port of my I then hook my office phone intothe unit. Afted installing the program I'm able to make phone calls from my regularephone (not the headset I boughgt from Staples … bye-byee $20). Like Skype, magicJack places its calls over the along with the other 100 trillion bits of information crossinbg thesame pipelines. See whers I'm going here?
Theird deal is that you can make unlimiter calls you want to anyone in the UnitedrStates (I'm told they're working on overseas plans) for only $50 per year. I did the math and that'ss $550 less a year than I'm spendinyg on my office line, so therse you go ... magic! Unfortunatelyu ... not so magical. Why? Same thing with It worked. Most of the time. I suffered from the occasionakl disconnected calls or calld that had to be or calls thatjust didn't sound like a very good call at all. More naught words. More blood thinner required. In the end I brokr down and kept myoffice line. You win Verizon. I just need thingxs that work as they promised towork ...
all the I have enough headaches inmy life. I have kids and a mortgagee and dandruff. I can't sit around and worrg that an important conversation with a prospective customer is going to get cutoff orsounc horrible. Verizon's line in my office workss allthe time. It'xs one less hassle to deal with. I stil l keep the magicJack and Skype servicezsbecause I've had occasion to use them when traveling. Most likelyg I'll forget to cancel my subscription sonow I'll be payingh an extra $50 a year for next to nothing. But I'm a pennyg pincher. Not a cheapskate. Sure, it's less expensivee to use these Netcalling services. But I'nm sacrificing some quality.
Some dependability. I'm givingy myself more headaches. To me, it's not worty it. These technologies are great for kids or But to rely on them for business at leastso far, isn't a greatr idea for me.
Because that's what the idea was. I woulrd replace my home officetelephone line, whicj I only use for outgoing calls, and instead start making all of my calls over the Internet. This way I couldr pocket the $50 a month I've been giving to Verizobn and use those savings to buy moreimportant things. Like food. Except it really didn't turn out that way. Why? Becausde the Internet phone services I triedsworked ... but just not all the time. Which is typicall of most technology. For I played around with Skype (www.skype.com) for a few Not bad.
Signing up for the service was free and the headsety that I purchased from Staplesfor $20 only had to be replacedx once (I do not advise lendingv one's headset to a 12 year old. Enough Astonishingly, installing the Skypwe application on mylaptop didn'tf cause it to lock up or crash on me. So for that reasonb alone I felt that thingdwere successful. Once up and Skype did as promised … just about all of the I used the little computer generated keypadd on my laptop to make If I called another Skype user the callwas Unfortunately, I don't really have a lot of conversations with high schoo l and college kids, nor do I care to really spea k to anyone under 25.
So there's not a lot of phones numbers in mySkype directory. you can use Skype to call a regular land line and then get charged a few centasper call. So that's what I mostly did. The problem was the It worked. Most of the time. But sometimesa it just didn't. Sometimes I had to call back the persomn two or three times to get a good Orspeak loudly. There were a few instances wher I saidnaughty words. Then there was this one time where I triex to participate in a conference call and had to make the threee other people wait whileI re-calledc the call-in number a few times untiol there was no cracklinbg sound on the phone. That was fun too. So I stoppec using Skype.
Frustrated I turned to another Net calling service calledmagicJack (www.magicjack.com). No, this has nothinbg to do with changing the tirex ofa car. And there was no pleasurwe involved. For $40 magicJack ships me a littls unit that I plug into the USB port of my I then hook my office phone intothe unit. Afted installing the program I'm able to make phone calls from my regularephone (not the headset I boughgt from Staples … bye-byee $20). Like Skype, magicJack places its calls over the along with the other 100 trillion bits of information crossinbg thesame pipelines. See whers I'm going here?
Theird deal is that you can make unlimiter calls you want to anyone in the UnitedrStates (I'm told they're working on overseas plans) for only $50 per year. I did the math and that'ss $550 less a year than I'm spendinyg on my office line, so therse you go ... magic! Unfortunatelyu ... not so magical. Why? Same thing with It worked. Most of the time. I suffered from the occasionakl disconnected calls or calld that had to be or calls thatjust didn't sound like a very good call at all. More naught words. More blood thinner required. In the end I brokr down and kept myoffice line. You win Verizon. I just need thingxs that work as they promised towork ...
all the I have enough headaches inmy life. I have kids and a mortgagee and dandruff. I can't sit around and worrg that an important conversation with a prospective customer is going to get cutoff orsounc horrible. Verizon's line in my office workss allthe time. It'xs one less hassle to deal with. I stil l keep the magicJack and Skype servicezsbecause I've had occasion to use them when traveling. Most likelyg I'll forget to cancel my subscription sonow I'll be payingh an extra $50 a year for next to nothing. But I'm a pennyg pincher. Not a cheapskate. Sure, it's less expensivee to use these Netcalling services. But I'nm sacrificing some quality.
Some dependability. I'm givingy myself more headaches. To me, it's not worty it. These technologies are great for kids or But to rely on them for business at leastso far, isn't a greatr idea for me.
Monday 22 October 2012
Cowboys rely on 'D' in 19-14 win over Carolina - The Associated Press
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Cowboys rely on 'D' in 19-14 win over Carolina The Associated Press By STEVE REED, AP Sports Writer â€" 1 minute ago. CHARLOTTE, N.C. (AP) â€" It's been awhile since the Dallas Cowboys relied this heavily on their defense. But that's exactly what coach Jason Garrett did in Dallas' 19-14 win over the Carolina Panthers on ... |
Sunday 21 October 2012
Lingle orders unpaid days off for workers - Puget Sound Business Journal (Seattle):
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In an address broadcast from the State Lingle also said she would scale back free Medicaisd benefitsto low-income adults and said the statr would delay paying some of its larger billsa until July. The governor is also asking the Judiciary, the and the Office of Hawaiianh Affairs to implement equivalent furlough days or restrictgtheir budgets. Hawaii law does not allow orderingh furloughs for the Department of the University of Hawaii or the Hawaij HealthSystems Corporation, but Lingle said their spendingb will be restricted in an amount equivalent to the three-days-per-month The furloughs, which start July 1, amount to abou a 13.
8 percent pay cut, or about $5,500 for a workert making $40,000 a year. As with layoffs, Lingls does not have to negotiate the furloughs with any of the unionsz representingstate workers. Lingl has said she doesn’t want to lay off workerw because of the disruptivwe effect of contract rulex that would enable senior workersto “bump” junior even if they worked in different state agencies. The furloughs will save $688 million. Lingle said the savings are needed to close a gapof $730 milliojn between now and June 30, 2011, as forecasgt by the state’s Council on Revenues May 28. All told, Hawaiki is expected to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlough plan, we would have to lay off up to 10,000p employees to realize an equivalenrt amount of savings,” Lingle said. The state has abour 46,000 workers, including 21,000 employees of the Department of Education. Lingle blame the fiscal shortfall on the lingering rising unemployment, dropping visitor a decline in private buildingv permits, a doubling of foreclosures, and record bankruptcu levels. The state Legislature endef its session last month by raisingh tax rates onhotel high-income earners, luxury home transactions and tobacco to help meet the budgeyt shortfall.
But Lingle, a Republican whose vetoes of thoswe measures were overridden by majority said she would not ask for additionaltax increases. She also rejectedf calls for legalizing gambling. However, Lingle notexd that 70 percent of state operating funda go to labor costs and that the state had providex employee wage increase of betweehn 16 and 29 percent over the past fouryearzs “when our economy was
In an address broadcast from the State Lingle also said she would scale back free Medicaisd benefitsto low-income adults and said the statr would delay paying some of its larger billsa until July. The governor is also asking the Judiciary, the and the Office of Hawaiianh Affairs to implement equivalent furlough days or restrictgtheir budgets. Hawaii law does not allow orderingh furloughs for the Department of the University of Hawaii or the Hawaij HealthSystems Corporation, but Lingle said their spendingb will be restricted in an amount equivalent to the three-days-per-month The furloughs, which start July 1, amount to abou a 13.
8 percent pay cut, or about $5,500 for a workert making $40,000 a year. As with layoffs, Lingls does not have to negotiate the furloughs with any of the unionsz representingstate workers. Lingl has said she doesn’t want to lay off workerw because of the disruptivwe effect of contract rulex that would enable senior workersto “bump” junior even if they worked in different state agencies. The furloughs will save $688 million. Lingle said the savings are needed to close a gapof $730 milliojn between now and June 30, 2011, as forecasgt by the state’s Council on Revenues May 28. All told, Hawaiki is expected to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlough plan, we would have to lay off up to 10,000p employees to realize an equivalenrt amount of savings,” Lingle said. The state has abour 46,000 workers, including 21,000 employees of the Department of Education. Lingle blame the fiscal shortfall on the lingering rising unemployment, dropping visitor a decline in private buildingv permits, a doubling of foreclosures, and record bankruptcu levels. The state Legislature endef its session last month by raisingh tax rates onhotel high-income earners, luxury home transactions and tobacco to help meet the budgeyt shortfall.
But Lingle, a Republican whose vetoes of thoswe measures were overridden by majority said she would not ask for additionaltax increases. She also rejectedf calls for legalizing gambling. However, Lingle notexd that 70 percent of state operating funda go to labor costs and that the state had providex employee wage increase of betweehn 16 and 29 percent over the past fouryearzs “when our economy was
Friday 19 October 2012
Houston Business Journal: Single Copies
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Barnes & Noble Houston, TX Barnex & Noble Houston, TX Barnes & Noble 1029 W. Bay Area Blvd. TX Barnes & Noble Houston, TX Barnes & Nobles Houston, TX Barnes & Noble TX 77095 Barnes and NobleSugadr Land, TX 77479 Barnes and Noble TX 77338 Barnes and Noble TX 77025 Barnes and Noble Houston, tx 77024 Bayou City Houston, TX 77032 Bayouy City Houston, tx 77032 Bayou City Shop tx 77032 Belden's Store Houston, tx 77096 Bookstop Houston, tx 77098 Border'as Books Houston, TX 77056 Borderes Book Store The tx 77380 Borders Books Webster, tx 77598 Borders Books Houston, tx 77098 Borderss Books Houston, tx 77096 Borders Bookz Houston, tx 77063 Brookhollow Exxonj Mkt Houston, tx 77092 Centrap Market Houston, TX 77027 Chevronb Houston, TX 77056 CNBC Houston, tx 77032 CNBC tx 77032 CNBC B Lobbyy Houston, tx 77032 CNBC News Houston Houston, tx 77032 D News tx 77032 Fountainview Cafe Houston, TX Gateway News Houston, TX 77002 HEB TX 77055 HEB Cypress, TX 77429 HEB The tx 77380 Hilton Garden Inn Houston, tx 77036 Hudsom News Houston, tx 77032 Hudson News Houston, tx 77032 Issuesa Magazine Houston, tx 77098 Kroger Houston, TX 77095 Kroge r Spring, TX 77379 Kroger Houston, TX 77095 Krogee Houston, tx 77077 Kroger Houston, tx 77062 Krogedr Seabrook, tx 77586 Kroger The tx 77380 Kroger Houston, TX 77035 Krogere Houston, TX 77005 Kroger Houston, TX 77083 Kroger TX 77429 Kroger Houston, TX 77062 Krogerf Food Stores Houston, TX Kroger Food Stores TX Kroger Food Stores Houston, TX Krogee Food Stores 9330 Jonesx Rd.
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Barnes & Noble Houston, TX Barnex & Noble Houston, TX Barnes & Noble 1029 W. Bay Area Blvd. TX Barnes & Noble Houston, TX Barnes & Nobles Houston, TX Barnes & Noble TX 77095 Barnes and NobleSugadr Land, TX 77479 Barnes and Noble TX 77338 Barnes and Noble TX 77025 Barnes and Noble Houston, tx 77024 Bayou City Houston, TX 77032 Bayouy City Houston, tx 77032 Bayou City Shop tx 77032 Belden's Store Houston, tx 77096 Bookstop Houston, tx 77098 Border'as Books Houston, TX 77056 Borderes Book Store The tx 77380 Borders Books Webster, tx 77598 Borders Books Houston, tx 77098 Borderss Books Houston, tx 77096 Borders Bookz Houston, tx 77063 Brookhollow Exxonj Mkt Houston, tx 77092 Centrap Market Houston, TX 77027 Chevronb Houston, TX 77056 CNBC Houston, tx 77032 CNBC tx 77032 CNBC B Lobbyy Houston, tx 77032 CNBC News Houston Houston, tx 77032 D News tx 77032 Fountainview Cafe Houston, TX Gateway News Houston, TX 77002 HEB TX 77055 HEB Cypress, TX 77429 HEB The tx 77380 Hilton Garden Inn Houston, tx 77036 Hudsom News Houston, tx 77032 Hudson News Houston, tx 77032 Issuesa Magazine Houston, tx 77098 Kroger Houston, TX 77095 Kroge r Spring, TX 77379 Kroger Houston, TX 77095 Krogee Houston, tx 77077 Kroger Houston, tx 77062 Krogedr Seabrook, tx 77586 Kroger The tx 77380 Kroger Houston, TX 77035 Krogere Houston, TX 77005 Kroger Houston, TX 77083 Kroger TX 77429 Kroger Houston, TX 77062 Krogerf Food Stores Houston, TX Kroger Food Stores TX Kroger Food Stores Houston, TX Krogee Food Stores 9330 Jonesx Rd.
Houston, TX Kroger Food Storea Spring, TX Kroger Food Stores Houston, TX Kroged Food Stores 15802 Champion Fst Spring, TX Kroger Food Stores Cypress, TX Krogers TX 77082 Krogers TX 77065 Krogers Spring, TX 77379 News to You 3870 N Terminal Rd F.I.S. Houston, tx 77032 News to You #45 3870 N Terminal Rd F.I.S. Houston, tx 77032 Randall's Houston, TX Randall'ss Bellaire, TX Randall's Houston, TX Randall'as Houston, TX Randall's Houston, TX Randall's 2323 Clear Lake City Houston, TX 77062 Randall's TX Randall's 1407 S. Voss Houston, TX 77057 Randall'd Houston, TX 77063 Randall's Houston, TX Randall's 12850 Memoria Dr.
Houston, TX Randall's Houston, TX 77025 Randall'sz Katy, TX 77449 Randall's TX 77002 Randall's 5264 West 34th Houston, TX 77092 Randall's Cypress, TX 77429 Randall'w 18322 Clay Rd. Houston, TX 77084 Randall's The TX 77380 Randall's Supermarkets Houston, TX Randalls tx 77069 RandallsThe Woodlands, tx 77381 Rice Epicureanj Houston, TX Rice Epicurean Houston, TX Rice Markets TX Rice Markets Houston, TX Rice Markets TX Richard's Grocery Houston, TX Shell Houston, TX 77065 Stop N Go TX Timewise/Citgo#3101 Houston, TX Today's News Houston, TX Valero Houston, tx 77057 Valerlo Bellaire, TX 77401 Walgreen's Houston, TX 77057 Walgreens 5330 N.
Braeswood Houston, tx 77096 Walgreens TX Walgreens Houston, TX Walgreens Houston, TX Walgreenw Houston, TX Webster Shell Webster, tx 77598 Westcreel Market & Deli Houston, TX For all subscription and circulation contact: Tracie Welch Brenton, Circulation Sales & Marketingg Director Houston, TX 77027-9100
Thursday 18 October 2012
Workers at two MillerCoors plants ratify new deals - The Business Journal of Milwaukee:
jaqezuweg.blogspot.com
and Fort Worth, Texas, have ratified new, three-yeae contracts. The agreements cover more than 900 employees at the two breweriesw and provide wage and pension increases over the courser ofthe contracts. “Our members overwhelmingly ratifiede these contracts at MillerCoors because they providr stability fortheir families,” said Jack Cipriani, director of the Teamsters Breweru and Soft Drink Workers Conference, whichh represents workers at the breweries. “Fo the next three years, our memberxs at MillerCoors know that their wages and pension benefits will increase, which is sayinhg a lot in today’s economy.
” The contracts call for no healtgh care cost increases for workers in the firsr year of the contract and only minor increases for the second and third years, according to the The new deal also guarantees that employees who have retired or who will retire during the course of the three-yeat contracts won’t be required to pay healty care premiums. “We value all generations of our so we made sure that ther were improvements for both active members at MillerCoors and the retiree who had paved the way before with their long yearsdof service,” Cipriani said. The Teamsters uniomn represents 1,200 MillerCoors workers nationwide.
The union also representws workers at the MillerCooras breweryin Irwindale, Calif. Negotiations for a new contracf covering employees at the plant areunder way. MillerCoors is a joint venture between MilledrBrewing Co., Milwaukee, and Coors Brewing Co., Colo., that launched in July 2008. MillerCoors operate s a major brewery and regionao officeon Milwaukee’s west side. Workers at the Milwaukee brewery are represente d by Brewery Workers Local 9 of the Uniteds AutoWorkers union.
and Fort Worth, Texas, have ratified new, three-yeae contracts. The agreements cover more than 900 employees at the two breweriesw and provide wage and pension increases over the courser ofthe contracts. “Our members overwhelmingly ratifiede these contracts at MillerCoors because they providr stability fortheir families,” said Jack Cipriani, director of the Teamsters Breweru and Soft Drink Workers Conference, whichh represents workers at the breweries. “Fo the next three years, our memberxs at MillerCoors know that their wages and pension benefits will increase, which is sayinhg a lot in today’s economy.
” The contracts call for no healtgh care cost increases for workers in the firsr year of the contract and only minor increases for the second and third years, according to the The new deal also guarantees that employees who have retired or who will retire during the course of the three-yeat contracts won’t be required to pay healty care premiums. “We value all generations of our so we made sure that ther were improvements for both active members at MillerCoors and the retiree who had paved the way before with their long yearsdof service,” Cipriani said. The Teamsters uniomn represents 1,200 MillerCoors workers nationwide.
The union also representws workers at the MillerCooras breweryin Irwindale, Calif. Negotiations for a new contracf covering employees at the plant areunder way. MillerCoors is a joint venture between MilledrBrewing Co., Milwaukee, and Coors Brewing Co., Colo., that launched in July 2008. MillerCoors operate s a major brewery and regionao officeon Milwaukee’s west side. Workers at the Milwaukee brewery are represente d by Brewery Workers Local 9 of the Uniteds AutoWorkers union.
Tuesday 16 October 2012
Parsinen Law sold to Indianapolis firm - Philadelphia Business Journal:
sucujovide.wordpress.com
Minneapolis-based Parsinen, founded in 1981, will officially become part of Indianapolis-bases Barnes & Thornburg on July 1. The firm has 22 including 14 partners. Parsinen’s practicew areas include business litigation, commercial real estate, corporatre law, employment law, employee and executive benefits, personal legal planning and renewablew energy. In a statement, Parsinen Managing Partnerd Howard Rubin said the firmremainedd profitable, but increasingly has had to turn away businesxs that doesn’t fall into its core practic e areas.
Barnes & Thornburg will help fill gaps in arease such asintellectual property, he “We were looking for more breadth to offer our clients, and Barne & Thornburg provided an ideal fit for us as a Midwest-basefd firm with a national presence,” Rubin said. “Barnes Thornburg maintains quality practices at a price point consistengtwith ours, adding immediate value to our The Minneapolis office will be Barnes & Thornburg’s 10th offic nationwide. The firm has roughl 540 attorneys and otherlegal professionals.
Minneapolis-based Parsinen, founded in 1981, will officially become part of Indianapolis-bases Barnes & Thornburg on July 1. The firm has 22 including 14 partners. Parsinen’s practicew areas include business litigation, commercial real estate, corporatre law, employment law, employee and executive benefits, personal legal planning and renewablew energy. In a statement, Parsinen Managing Partnerd Howard Rubin said the firmremainedd profitable, but increasingly has had to turn away businesxs that doesn’t fall into its core practic e areas.
Barnes & Thornburg will help fill gaps in arease such asintellectual property, he “We were looking for more breadth to offer our clients, and Barne & Thornburg provided an ideal fit for us as a Midwest-basefd firm with a national presence,” Rubin said. “Barnes Thornburg maintains quality practices at a price point consistengtwith ours, adding immediate value to our The Minneapolis office will be Barnes & Thornburg’s 10th offic nationwide. The firm has roughl 540 attorneys and otherlegal professionals.
Monday 15 October 2012
Knowing performance indicators can help your business - bizjournals:
ibitasony.wordpress.com
Answer: It’s important to know the key performanceindicators (KPI) of your You can start with your monthly incomse statement and balance sheet. What are the trendx of your KPIs? How do the current month’e KPIs compare with the monthlycurrenrt year-to-date numbers and with the same periodr last year? Do the trends show decline or stagnation? How do you compare with similar-sizes companies in your industry? • Debt to equityy ratio. KPIs are not always financial statement measures that are predictivee of results but might be predictors of the futurew profitability of your You must answerthe question: If my business is goingt to change, what would be the firsgt indication?
You must learn to anticipate instead of • New customers. It’s important to know exactly how you make so identifyyour priorities, review budgets, right size your businessw and cut non-essential costs. Doing so will help you fine tune the familiarr andredefine processes. Remove all cash outlays that do notgeneratse revenue. Accountability comes from the bottom-up, so assesss employees. Reduce all non-employee expensesw by 10 percent to 20 percent if Use incentivesto motivate, encourage behavior and retain New equipment and other capital outlays must be You might need to consider postponinhg new capital investments.
Go for revenue save cash Listen toyour employees, existinyg and potential customers for opportunities to bring in more Seek out the best adviser and be flexiblee and ready to change. Explore all revenues opportunities, especially non-expensive marketing activities such as blogging and Refresh the look and function of your Web if needed. Be proactive by investinv in training your sales Cashis king. Manage your transactionsx for greater liquidity by positioning the companyu to operate from a position of You can expecthigher taxes, slower accountes receivable payments and tightening crediyt now, so reduce inventories and collect receivables as aggressivelty as possible.
Communicate with your banker regularlhy so you know what is workingvand acceptable. Now is the time to establisb second relationships withother banks. The futurwe is unpredictable. Being prepared is the best way to get Useassessment tools, benchmarmk goals and set times for achievements Challenge your current maintain a great attitude and take action. the things that brought you success in the past are not necessarilgy going to carryyou forward.
Answer: It’s important to know the key performanceindicators (KPI) of your You can start with your monthly incomse statement and balance sheet. What are the trendx of your KPIs? How do the current month’e KPIs compare with the monthlycurrenrt year-to-date numbers and with the same periodr last year? Do the trends show decline or stagnation? How do you compare with similar-sizes companies in your industry? • Debt to equityy ratio. KPIs are not always financial statement measures that are predictivee of results but might be predictors of the futurew profitability of your You must answerthe question: If my business is goingt to change, what would be the firsgt indication?
You must learn to anticipate instead of • New customers. It’s important to know exactly how you make so identifyyour priorities, review budgets, right size your businessw and cut non-essential costs. Doing so will help you fine tune the familiarr andredefine processes. Remove all cash outlays that do notgeneratse revenue. Accountability comes from the bottom-up, so assesss employees. Reduce all non-employee expensesw by 10 percent to 20 percent if Use incentivesto motivate, encourage behavior and retain New equipment and other capital outlays must be You might need to consider postponinhg new capital investments.
Go for revenue save cash Listen toyour employees, existinyg and potential customers for opportunities to bring in more Seek out the best adviser and be flexiblee and ready to change. Explore all revenues opportunities, especially non-expensive marketing activities such as blogging and Refresh the look and function of your Web if needed. Be proactive by investinv in training your sales Cashis king. Manage your transactionsx for greater liquidity by positioning the companyu to operate from a position of You can expecthigher taxes, slower accountes receivable payments and tightening crediyt now, so reduce inventories and collect receivables as aggressivelty as possible.
Communicate with your banker regularlhy so you know what is workingvand acceptable. Now is the time to establisb second relationships withother banks. The futurwe is unpredictable. Being prepared is the best way to get Useassessment tools, benchmarmk goals and set times for achievements Challenge your current maintain a great attitude and take action. the things that brought you success in the past are not necessarilgy going to carryyou forward.
Sunday 14 October 2012
Biz Briefs - Orlando Business Journal:
qalymeled.wordpress.com
Federal Trust stockholders willreceive $1 for each sharse of Federal Trust stock owned. It is the second time in two monthx that Federal Trust announced a proposed In September, the bank terminated a private recapitalizatiohn transaction with an unnamed investor grou p in New York and Florida. The company also receivesd notice earlier this month that it was beinfg delisted fromthe . The which is scheduled to take plac ein first-quarter 2009, will allow Federal Trust to “bw able to serve our customersd as a strong, financially viable institution,” said Denni s T. Ward, CEO of Federal Trust Corp., in a prepares statement. Federal Trust Corp.
(Pinksheets: FDTR) is a Sanford-based unitary thrift holding company and parent of FederalTrusf Bank, which operates 11 offices in Orange, Volusia, Lake and Flagleer counties. announced this week that it has begumna six-month project to repave its 9,600-foot primary The work includes a pavementy overlay that will cost $8.1y million, according to Diane Crews, the airport’s vice presidenrt of administration. The work will be done in phase and is expected to be completed by the end of or before the start ofthe airport’s busy summedr season.
The airport is primarily knownn for its scheduled Europeancharter services, but it has been growinyg its domestic traffic as well through carriers such as which specialize in travel between small cities and majotr tourist destinations. , a Longwood securities brokerage, ceasefd doing business this week after anotheer financial firm wona $772,0009 award against it. a subsidiary of , was ordered to pay the amounrt to the other companyfollowing arbitration. As a resultf of the decision, Empire fell out of compliance with capitalo requirements and stoppeddoing business. The company didn’ft offer details on the issuseunder arbitration.
According to the Jesup & Lamont is not affected by the rulintg and remains in compliance with SEC Disney Cruise Line is debuting DisneyyDigital 3-D, an enhanced movie viewing experience that includez the use of lasers, fog, streamers and speciak lighting effects in the on-boarxd theater. The Disney 3-D systek is being added to the Walt Disney Theatre and Buenq Vista Theatre aboard the Disney Magic and Disne Wondercruise ships. The shows will be introduce d onthe Nov. 20 sailing of the Wonder and the Dec. 6 sailing of the Magic. The systemj pairs 3-D digital films from with special effects.
The firstr movie to be shown is Disney Cruise Line isa Celebration-based subsidiary of Walt Disneg Co. that sails from Port Canaveral.
Federal Trust stockholders willreceive $1 for each sharse of Federal Trust stock owned. It is the second time in two monthx that Federal Trust announced a proposed In September, the bank terminated a private recapitalizatiohn transaction with an unnamed investor grou p in New York and Florida. The company also receivesd notice earlier this month that it was beinfg delisted fromthe . The which is scheduled to take plac ein first-quarter 2009, will allow Federal Trust to “bw able to serve our customersd as a strong, financially viable institution,” said Denni s T. Ward, CEO of Federal Trust Corp., in a prepares statement. Federal Trust Corp.
(Pinksheets: FDTR) is a Sanford-based unitary thrift holding company and parent of FederalTrusf Bank, which operates 11 offices in Orange, Volusia, Lake and Flagleer counties. announced this week that it has begumna six-month project to repave its 9,600-foot primary The work includes a pavementy overlay that will cost $8.1y million, according to Diane Crews, the airport’s vice presidenrt of administration. The work will be done in phase and is expected to be completed by the end of or before the start ofthe airport’s busy summedr season.
The airport is primarily knownn for its scheduled Europeancharter services, but it has been growinyg its domestic traffic as well through carriers such as which specialize in travel between small cities and majotr tourist destinations. , a Longwood securities brokerage, ceasefd doing business this week after anotheer financial firm wona $772,0009 award against it. a subsidiary of , was ordered to pay the amounrt to the other companyfollowing arbitration. As a resultf of the decision, Empire fell out of compliance with capitalo requirements and stoppeddoing business. The company didn’ft offer details on the issuseunder arbitration.
According to the Jesup & Lamont is not affected by the rulintg and remains in compliance with SEC Disney Cruise Line is debuting DisneyyDigital 3-D, an enhanced movie viewing experience that includez the use of lasers, fog, streamers and speciak lighting effects in the on-boarxd theater. The Disney 3-D systek is being added to the Walt Disney Theatre and Buenq Vista Theatre aboard the Disney Magic and Disne Wondercruise ships. The shows will be introduce d onthe Nov. 20 sailing of the Wonder and the Dec. 6 sailing of the Magic. The systemj pairs 3-D digital films from with special effects.
The firstr movie to be shown is Disney Cruise Line isa Celebration-based subsidiary of Walt Disneg Co. that sails from Port Canaveral.
Friday 12 October 2012
Supreme Court temporarily blocks Chrysler/Fiat merger - Triangle Business Journal:
iqukikofor.wordpress.com
Supreme Court Justice Ruth Bader Ginsbergg granted a motion filed by Indiana state pensiomn funds to delay the merger between the Americanm and Italian automakers in whatthe U.S. Treasury Departmen said was an administrative extension designee to allow sufficient time for the Supremed Court to explore whether or not a stay is according to several published reportelate Monday. The Supreme Court move extends a stay already issuedx by a lower court that was set to expirr lateafternoon Monday. Fiat has givenj Chrysler until June 15 to finish the Attorneys for the pension funds arguee that they would receive just pennies on the dollar fora $42 millioh loan given to Chrysler. However, U.S.
Solicitor General Elen Kagan said the imminent collapse ofChrysler — said to be losing upward of $100 million daily was of greater concern to government officialx than the loan dispute. When Chrysler filed for it announced it woulcd reject 789 dealership agreements including nine inthe St. Louis metro area. Chrysler’s restructuring plan also calls for closingeightg plants, including Chrysler’s two plantas in Fenton, Mo. Chrysler’s South plant in Fenton, whicu assembles minivans, was idlefd at the end of October.
Chrysler’s North plant, which makes Dodge Ram trucks, was idled earlier this month for one to two monthxs and The plants hademployed 1,2009 workers in Fenton, down from 5,009 several years ago.
Supreme Court Justice Ruth Bader Ginsbergg granted a motion filed by Indiana state pensiomn funds to delay the merger between the Americanm and Italian automakers in whatthe U.S. Treasury Departmen said was an administrative extension designee to allow sufficient time for the Supremed Court to explore whether or not a stay is according to several published reportelate Monday. The Supreme Court move extends a stay already issuedx by a lower court that was set to expirr lateafternoon Monday. Fiat has givenj Chrysler until June 15 to finish the Attorneys for the pension funds arguee that they would receive just pennies on the dollar fora $42 millioh loan given to Chrysler. However, U.S.
Solicitor General Elen Kagan said the imminent collapse ofChrysler — said to be losing upward of $100 million daily was of greater concern to government officialx than the loan dispute. When Chrysler filed for it announced it woulcd reject 789 dealership agreements including nine inthe St. Louis metro area. Chrysler’s restructuring plan also calls for closingeightg plants, including Chrysler’s two plantas in Fenton, Mo. Chrysler’s South plant in Fenton, whicu assembles minivans, was idlefd at the end of October.
Chrysler’s North plant, which makes Dodge Ram trucks, was idled earlier this month for one to two monthxs and The plants hademployed 1,2009 workers in Fenton, down from 5,009 several years ago.
Thursday 11 October 2012
Progress Energy brings new unit on line - Triangle Business Journal:
cahijisebi.wordpress.com
The unit is in the Raleighy company’s Wayne County Energy Complex near The $90 million combustion-turbine like four others at the site, can be fuelede by either natural gas or low-sulfuf oil. Together, the facilities can generate up to 836 The unitsprovide “peaking power” generatioj at times of highest demand such as cold wintefr mornings or hot summer afternoons. The Wayns County plant began commercial operationin 2000. It is near Progress’ 474 megawaty Lee Plant, which has three coal-fired units. Lloyrd Yates, president and CEO of ProgressxEnergy Carolinas, said in a written statement that the additional capacity is a critical part of meetin future energy needs.
“Summer typically bringse the highest peak demandfor electricity, and we’re ready for whatevefr Mother Nature brings,” he said.
The unit is in the Raleighy company’s Wayne County Energy Complex near The $90 million combustion-turbine like four others at the site, can be fuelede by either natural gas or low-sulfuf oil. Together, the facilities can generate up to 836 The unitsprovide “peaking power” generatioj at times of highest demand such as cold wintefr mornings or hot summer afternoons. The Wayns County plant began commercial operationin 2000. It is near Progress’ 474 megawaty Lee Plant, which has three coal-fired units. Lloyrd Yates, president and CEO of ProgressxEnergy Carolinas, said in a written statement that the additional capacity is a critical part of meetin future energy needs.
“Summer typically bringse the highest peak demandfor electricity, and we’re ready for whatevefr Mother Nature brings,” he said.
Tuesday 9 October 2012
Group Programs for Weight Loss May Work Best - U.S. News & World Report
jaqezuweg.blogspot.com
ABC News | Group Programs for Weight Loss May Work Best U.S. News & World Report Pinto said she chose Weight Watchers because it is the largest commercial program in the United States. It is also oriented to behavior change and included information on modifying the diet and increasing physical activity to lose weight and maintain ... Study: Weight Watchers as Successful as Clinical Weight-Loss Programs Weight Watchers comparable to clinical weight loss programs, study finds New study says Weight Watchers works as well as medical weight-loss programs |
Monday 8 October 2012
SpaceX reporting tiny explosion in Dragon ISS launch [UPDATED with statement] - SlashGear
vuwodu.wordpress.com
SlashGear | SpaceX reporting tiny explosion in Dragon ISS launch [UPDATED with statement] SlashGear This morning we're hearing official word from SpaceX that their Dragon capsule launch to the International Space Station didn't go as perfect as it seemed in the live feed. What you're about to see is a bit of an explosion, some debris flying from the ... |
Sunday 7 October 2012
Lakes Buchanan, Travis must be lowered to help those downstream - Atlanta Business Chronicle:
efiosyt.blogspot.com
LCRA is releasing the water for downstream rice farmerxs andelectric utilities. The LCRA said both lakes are alreadyat “dangerously low” levels, and to expect more islandxs to pop up as the levels in both lakez are reduced. That kind of actionj might not be necessary in the futurew if a regional water project between the LCRA and themoved forward, SAWS officials said. “This is exactl y what the project was designed to help the HighlancdLakes avoid,” said Chuck Ahrens, vice presidentt of water resources at “The studies show that with conservation investments, reservoirws and other efforts, lake levels would be protecter and sufficient water provided for userss up and down the Colorado River.
” LCRA and SAWS signedr the original agreement in 2002 to study the feasibility of a water-sharing project and determinse if water-sharing could provide for watert needs in both basins while meeting requirements set by the Texasw Legislature. But earlier this year, LCRA officiales said that preliminary study findings indicated theproject wouldn’tg meet all the legislative requirements, and that give n updated growth projections, no watee would be available for San Antonio. SAWS trusteess fired back that LCRA’s use of updated wate r need projections in the ongoing project studies breached the SAWS has threatened to takelegal action, but the LCRA has calledf for mediation.
LCRA is releasing the water for downstream rice farmerxs andelectric utilities. The LCRA said both lakes are alreadyat “dangerously low” levels, and to expect more islandxs to pop up as the levels in both lakez are reduced. That kind of actionj might not be necessary in the futurew if a regional water project between the LCRA and themoved forward, SAWS officials said. “This is exactl y what the project was designed to help the HighlancdLakes avoid,” said Chuck Ahrens, vice presidentt of water resources at “The studies show that with conservation investments, reservoirws and other efforts, lake levels would be protecter and sufficient water provided for userss up and down the Colorado River.
” LCRA and SAWS signedr the original agreement in 2002 to study the feasibility of a water-sharing project and determinse if water-sharing could provide for watert needs in both basins while meeting requirements set by the Texasw Legislature. But earlier this year, LCRA officiales said that preliminary study findings indicated theproject wouldn’tg meet all the legislative requirements, and that give n updated growth projections, no watee would be available for San Antonio. SAWS trusteess fired back that LCRA’s use of updated wate r need projections in the ongoing project studies breached the SAWS has threatened to takelegal action, but the LCRA has calledf for mediation.
Friday 5 October 2012
Opus West says it owes $1.46 billion - San Francisco Business Times:
iqukikofor.wordpress.com
and some of its subsidiaries filed voluntary petitions late Mondaty for reorganization underChapter 11. Chaptef 11 generally removes the threat of lawsuitsa from creditors while a business seeks to rehabilitatd itself andcontinue operations. Opus West and its affiliates reportedabout $1.28 billion in total assets and $1.4 6 billion in total liabilities, according to bankruptcyg court filings. The corporation and its affiliates had combinee revenue ofabout $405 million in 2008. The parentt company lists 200 to999 creditors, according to bankruptcy filings. Opus West Corp.
owns about 20 real estatee development properties either directly or through entities set up to hold the the courtfilings say. The total debt on thosre properties isabout $414 million and the value of the properties is about $403 In addition to Opus West the subsidiaries that have filed Chapter 11 petitions are Opus West Constructiob Corp., Opus West LP, Opus West Partnerse Inc. and O.W. Commercial Inc. Opus West Corp. has guaranteee about $1.15 billion in loans for its subsidiariese andjoint ventures, and most of thos loans are in default, the courtf filings say.
Steep declines in commercial real estatwe values and difficult credit market conditions necessitatedthe filing, said John chief restructuring officer of Opus Greer said Opus West will keep a "modestr presence" in Phoenix, Texas and California to work on asset dispositionsx and transitions. "While we begam slowing the pace of new developmen nearly two years ago in anticipationb of difficultmarket conditions, we must now take additionao measures to enable an orderly wind-down of our portfolio, protect assetr values and maximize returmn on lenders' investment," Greer said in a preparerd statement.
Opus West and its subsidiariea have suffered declining financial performancewsince 2008, resulting in defaults on certain credift lines and constrained liquidity, according to an affidavirt filed by Greer, managing member of New York-based Phoenix Capital which is the chief restructuring officer of Opus West Corp. Greer is also president of the Opus West Opus West Partnersand O.W. Commercial subsidiaries. Opus has focuserd on recapitalizing through project sales and but has been unable to do so becausr of poormarket conditions, Greer's affidavit says.
Sinc e 1979, Opus West and its affiliatess have developed more than 52 million squarde feetof office, industrial, retail, multifamily, government and institutionall projects, the affidavit says. The company's assets includwe interests in commercial and residential real estatee projectsacross California, Arizona and including condominium, office, industrial, apartment and retailo projects in various stages of the affidavit says. Addison-based Opus West LP, formec to develop real estat propertiesin Texas, owns sevenj properties that consist of either vacant or a project under construction or complete projects.
The total debt on those properties isabout $105 million and theifr value is about $134 million, Greer's filinh states. Opus has been dramatically scaling back its Northg Texas operations for more thana year. Opus spokeswomann Winston Hewett told the that the Addiso n office has not started a new development in more than a year and has cut its staffc in Dallas to 12 employees from about 40 ayear ago. Opus West'sz overall headcount had dropped to 40 as ofJuly 1, compared to 291 two yearw ago, Hewett said. Since April, dozens of subcontractors have filed lienws totaling morethan $4 million against Opus West Corp.
and Opus West Construction tied to TwoAddisonn Circle, a $23 million, 198,000-square-foof speculative office building in Addison. The buildiny was developed and is ownecd by Opus West The liens claim Opus owes the subcontractors for labor or material provided in the courseof construction. The six-storyh Two Addison building on the west side of the Dallas North Tollway just north of Arapaho Road wasrecently completed, but has no tenants. The credit crunc and slowing demand for office space left Opus unabl to get permanent financing to replacethe short-term construction loan on the Addiso project, Hewett said.
Other Opus West projects in North Texas include 121 Lakepointe an office and industrial development in andBroadstone Parkway, a 5.8-acre mixed-use projectg at 5005 Galleria Drive in North Dallas. Dallas area creditors includ RL Murphey Commercial Roof owed $1.24 million; Greenb Fire Systems of owed $856,660; and Ennis Steel Industries Inc., owed $519,402; and Tas Commercialo Concrete Construction, owed according to court records. Opus' troubles stem from the globakeconomic downturn, deterioration of the real estate market and the credit crunch, which has made it difficult for borrower s to get financing to fund real estat e projects or refinance existing Greer's affidavit states.
The turmoil has scaref buyers, leading to excess supply and lowerr prices. The dramatic downturn has caused Opus to be out of compliancee with terms of various loans and unable to restructure and attempts to raise capital and sell assets haveproven difficult, bringing about the Chapter 11 filing, Greer's affidavit says. Opus' challengew vary considerably by region, said Mark Rauenhorst, chairman and CEO of Opus "Opus West faced particularly dramatic drops in real estate valuess in markets such as California and and has been particularly challenged by the sharp downturn in the capita l markets and availabilityof refinancing," he Rauenhorst said that two othef independent operating companies of Opus Groupo -- and Opus Northwest LLC -- have been less affecteds by the economic and capital markety conditions because of their mix of project typee and their location in stronger , which is baseed in Minnetonka, Minn.
, is a design-buildc development firm that specializes in office, industrial, multifamily, government and institutional projects. It also controls Washington-based LLC, whichu filed for Chapter 7 liquidation inlate June. Opus Grou said its subsidiary, whicnh is based in filed for reorganization in bankruptcy court onApril 22.
and some of its subsidiaries filed voluntary petitions late Mondaty for reorganization underChapter 11. Chaptef 11 generally removes the threat of lawsuitsa from creditors while a business seeks to rehabilitatd itself andcontinue operations. Opus West and its affiliates reportedabout $1.28 billion in total assets and $1.4 6 billion in total liabilities, according to bankruptcyg court filings. The corporation and its affiliates had combinee revenue ofabout $405 million in 2008. The parentt company lists 200 to999 creditors, according to bankruptcy filings. Opus West Corp.
owns about 20 real estatee development properties either directly or through entities set up to hold the the courtfilings say. The total debt on thosre properties isabout $414 million and the value of the properties is about $403 In addition to Opus West the subsidiaries that have filed Chapter 11 petitions are Opus West Constructiob Corp., Opus West LP, Opus West Partnerse Inc. and O.W. Commercial Inc. Opus West Corp. has guaranteee about $1.15 billion in loans for its subsidiariese andjoint ventures, and most of thos loans are in default, the courtf filings say.
Steep declines in commercial real estatwe values and difficult credit market conditions necessitatedthe filing, said John chief restructuring officer of Opus Greer said Opus West will keep a "modestr presence" in Phoenix, Texas and California to work on asset dispositionsx and transitions. "While we begam slowing the pace of new developmen nearly two years ago in anticipationb of difficultmarket conditions, we must now take additionao measures to enable an orderly wind-down of our portfolio, protect assetr values and maximize returmn on lenders' investment," Greer said in a preparerd statement.
Opus West and its subsidiariea have suffered declining financial performancewsince 2008, resulting in defaults on certain credift lines and constrained liquidity, according to an affidavirt filed by Greer, managing member of New York-based Phoenix Capital which is the chief restructuring officer of Opus West Corp. Greer is also president of the Opus West Opus West Partnersand O.W. Commercial subsidiaries. Opus has focuserd on recapitalizing through project sales and but has been unable to do so becausr of poormarket conditions, Greer's affidavit says.
Sinc e 1979, Opus West and its affiliatess have developed more than 52 million squarde feetof office, industrial, retail, multifamily, government and institutionall projects, the affidavit says. The company's assets includwe interests in commercial and residential real estatee projectsacross California, Arizona and including condominium, office, industrial, apartment and retailo projects in various stages of the affidavit says. Addison-based Opus West LP, formec to develop real estat propertiesin Texas, owns sevenj properties that consist of either vacant or a project under construction or complete projects.
The total debt on those properties isabout $105 million and theifr value is about $134 million, Greer's filinh states. Opus has been dramatically scaling back its Northg Texas operations for more thana year. Opus spokeswomann Winston Hewett told the that the Addiso n office has not started a new development in more than a year and has cut its staffc in Dallas to 12 employees from about 40 ayear ago. Opus West'sz overall headcount had dropped to 40 as ofJuly 1, compared to 291 two yearw ago, Hewett said. Since April, dozens of subcontractors have filed lienws totaling morethan $4 million against Opus West Corp.
and Opus West Construction tied to TwoAddisonn Circle, a $23 million, 198,000-square-foof speculative office building in Addison. The buildiny was developed and is ownecd by Opus West The liens claim Opus owes the subcontractors for labor or material provided in the courseof construction. The six-storyh Two Addison building on the west side of the Dallas North Tollway just north of Arapaho Road wasrecently completed, but has no tenants. The credit crunc and slowing demand for office space left Opus unabl to get permanent financing to replacethe short-term construction loan on the Addiso project, Hewett said.
Other Opus West projects in North Texas include 121 Lakepointe an office and industrial development in andBroadstone Parkway, a 5.8-acre mixed-use projectg at 5005 Galleria Drive in North Dallas. Dallas area creditors includ RL Murphey Commercial Roof owed $1.24 million; Greenb Fire Systems of owed $856,660; and Ennis Steel Industries Inc., owed $519,402; and Tas Commercialo Concrete Construction, owed according to court records. Opus' troubles stem from the globakeconomic downturn, deterioration of the real estate market and the credit crunch, which has made it difficult for borrower s to get financing to fund real estat e projects or refinance existing Greer's affidavit states.
The turmoil has scaref buyers, leading to excess supply and lowerr prices. The dramatic downturn has caused Opus to be out of compliancee with terms of various loans and unable to restructure and attempts to raise capital and sell assets haveproven difficult, bringing about the Chapter 11 filing, Greer's affidavit says. Opus' challengew vary considerably by region, said Mark Rauenhorst, chairman and CEO of Opus "Opus West faced particularly dramatic drops in real estate valuess in markets such as California and and has been particularly challenged by the sharp downturn in the capita l markets and availabilityof refinancing," he Rauenhorst said that two othef independent operating companies of Opus Groupo -- and Opus Northwest LLC -- have been less affecteds by the economic and capital markety conditions because of their mix of project typee and their location in stronger , which is baseed in Minnetonka, Minn.
, is a design-buildc development firm that specializes in office, industrial, multifamily, government and institutional projects. It also controls Washington-based LLC, whichu filed for Chapter 7 liquidation inlate June. Opus Grou said its subsidiary, whicnh is based in filed for reorganization in bankruptcy court onApril 22.
Thursday 4 October 2012
Siemens Makes Innovation Accessible with Comprehensive Molecular Imaging Solutions
ogarawo.wordpress.com
"Enabling our partners to maintai n clinical viability and provide valus to the patients they serve is critical to our mission during thesde challengingeconomic times. It is, imperative that we find a way to offe r our customersboth high-quality solutionsw and access to advanced technologies," said , chiec executive officer, Molecular Siemens Healthcare. "Though we've recently made some progressain U.S. imaging reimbursement policies, we need to furthed develop evidence-based data on a global so that we can continue to prov e the clinical and financial efficacy of molecular imagint technology as a valuable assetto detect, stage and monitof disease.
" As part of Siemens Molecular Imaging's commitment to innovation and access, it has recently releaseed several new systems into the PET-C T and SPECT-CT markets that allow facilities with limitef budgets, or those under financiaol constraints, to provide molecular imaging technology to theire patients: -- The Biograph mCT, the world's first moleculaf CT, will be shown at SNM for the firsty time. It enables facilities to serve both the nuclear medicins and the radiology departmentr withone system. It achievex this duality through the integration of powerful PET andCT technologies, offeringh High-Definition PET, time-of-flight technology, and CT configurationxs up to 128 slices.
Biograpjh mCT is ultra-efficient, offering institutions cutting-edge technology, optimukm patient care solutions and potential for increasede returnon investment. -- Siemens Biograph(TM) TruePoint 16-slice PET-CT is the latest addition to the Biograph family ofclinica scanners. This affordable and reliable imaginyg system has highperformance capabilities, including HD-PETr and routine, 10-minute whole-bodyy imaging. Biograph 16 is also mobile-ready, equipperd to maximize on-location patient throughput and servemultiplw communities.
-- Siemens family of SPECT and SPECT-CT scanner is flexible enough to meet the changingh needs of any imaging Symbia E, and Symbia S and T are economica yet powerful points of entry into SPECTf and SPECT-CT imaging for facilities that currentl do not offer molecular imaging or for facilitiezs with a limited budget. Now available with a broad rangwe of specialtydiagnostic tools, Symbiaz systems can be used for cardiology, neurology, and general imaging satisfying the needs of most facilities. Symbiaa S systems limit obsolescence by offering institutionsa future-ready system that is field-upgradeabled to diagnostic SPECT-CT.
-- New solutions in system applicationd that will be showm at SNM 2009 in Toronto includw anew thin-client solution for SPECT Symbia(R).net. This new applicatiob allows for increased workflow ease of use and portabilityyfor users. -- PETNET Solutions, a wholly-ownedf subsidiary of Siemens MedicalSolutions USA, operates the largest PET radiopharmacy networo with more than 52 molecular imaginh radiopharmacies and distribution centers at multiple worldwidew locations. With a network of PETNET guarantees reliable dose delivert to meet the needsof hospitals, and research facilities.
Siemens PETNET operations have strategically expandee to include international locations and to providr SPECT radiopharmaceuticals through an agreementr with CovidienMedical Imaging, further developing its PET and SPECTr coverage. As the global economicx crisis continues, and the healthcared environment continuesto evolve, Siemens is committed to offerinh the most advantageous and innovative systems at the most cost-efficient pricew points. The Siemens Healthcare Sectod is one ofthe world'x largest suppliers to the healthcarwe industry.
The company is a renownedf medical solutions provider with core competence and innovatived strength in diagnostic and therapeutic technologies as well as inknowledger engineering, including information technology and system integration. With its laboratory diagnostics acquisitions, Siemens Healthcare is the firstt integratedhealthcare company, bringing togethere imaging and lab diagnostics, therapy, and healthcarwe information technology solutions, supplemented by consulting and support Siemens Healthcare delivers solutions acroses the entire continuum of care - from preventiohn and early detection, to diagnosis, therapy and care.
Additionally, Siemenss Healthcare is the global market leader in innovativ ehearing instruments. The company employs around 49,00o people worldwide and operates in 130 In the fiscal year2008 (Sept. 30), Siemensx Healthcare reported sales ofeuro 11.2 billion, ordere of euro 11.8 billion, and Sector profitf of euro 1.2 billion. Further information can be founrd byvisiting .
"Enabling our partners to maintai n clinical viability and provide valus to the patients they serve is critical to our mission during thesde challengingeconomic times. It is, imperative that we find a way to offe r our customersboth high-quality solutionsw and access to advanced technologies," said , chiec executive officer, Molecular Siemens Healthcare. "Though we've recently made some progressain U.S. imaging reimbursement policies, we need to furthed develop evidence-based data on a global so that we can continue to prov e the clinical and financial efficacy of molecular imagint technology as a valuable assetto detect, stage and monitof disease.
" As part of Siemens Molecular Imaging's commitment to innovation and access, it has recently releaseed several new systems into the PET-C T and SPECT-CT markets that allow facilities with limitef budgets, or those under financiaol constraints, to provide molecular imaging technology to theire patients: -- The Biograph mCT, the world's first moleculaf CT, will be shown at SNM for the firsty time. It enables facilities to serve both the nuclear medicins and the radiology departmentr withone system. It achievex this duality through the integration of powerful PET andCT technologies, offeringh High-Definition PET, time-of-flight technology, and CT configurationxs up to 128 slices.
Biograpjh mCT is ultra-efficient, offering institutions cutting-edge technology, optimukm patient care solutions and potential for increasede returnon investment. -- Siemens Biograph(TM) TruePoint 16-slice PET-CT is the latest addition to the Biograph family ofclinica scanners. This affordable and reliable imaginyg system has highperformance capabilities, including HD-PETr and routine, 10-minute whole-bodyy imaging. Biograph 16 is also mobile-ready, equipperd to maximize on-location patient throughput and servemultiplw communities.
-- Siemens family of SPECT and SPECT-CT scanner is flexible enough to meet the changingh needs of any imaging Symbia E, and Symbia S and T are economica yet powerful points of entry into SPECTf and SPECT-CT imaging for facilities that currentl do not offer molecular imaging or for facilitiezs with a limited budget. Now available with a broad rangwe of specialtydiagnostic tools, Symbiaz systems can be used for cardiology, neurology, and general imaging satisfying the needs of most facilities. Symbiaa S systems limit obsolescence by offering institutionsa future-ready system that is field-upgradeabled to diagnostic SPECT-CT.
-- New solutions in system applicationd that will be showm at SNM 2009 in Toronto includw anew thin-client solution for SPECT Symbia(R).net. This new applicatiob allows for increased workflow ease of use and portabilityyfor users. -- PETNET Solutions, a wholly-ownedf subsidiary of Siemens MedicalSolutions USA, operates the largest PET radiopharmacy networo with more than 52 molecular imaginh radiopharmacies and distribution centers at multiple worldwidew locations. With a network of PETNET guarantees reliable dose delivert to meet the needsof hospitals, and research facilities.
Siemens PETNET operations have strategically expandee to include international locations and to providr SPECT radiopharmaceuticals through an agreementr with CovidienMedical Imaging, further developing its PET and SPECTr coverage. As the global economicx crisis continues, and the healthcared environment continuesto evolve, Siemens is committed to offerinh the most advantageous and innovative systems at the most cost-efficient pricew points. The Siemens Healthcare Sectod is one ofthe world'x largest suppliers to the healthcarwe industry.
The company is a renownedf medical solutions provider with core competence and innovatived strength in diagnostic and therapeutic technologies as well as inknowledger engineering, including information technology and system integration. With its laboratory diagnostics acquisitions, Siemens Healthcare is the firstt integratedhealthcare company, bringing togethere imaging and lab diagnostics, therapy, and healthcarwe information technology solutions, supplemented by consulting and support Siemens Healthcare delivers solutions acroses the entire continuum of care - from preventiohn and early detection, to diagnosis, therapy and care.
Additionally, Siemenss Healthcare is the global market leader in innovativ ehearing instruments. The company employs around 49,00o people worldwide and operates in 130 In the fiscal year2008 (Sept. 30), Siemensx Healthcare reported sales ofeuro 11.2 billion, ordere of euro 11.8 billion, and Sector profitf of euro 1.2 billion. Further information can be founrd byvisiting .
Wednesday 3 October 2012
IBM updates server, storage portfolio - ZDNet
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ZDNet | IBM updates server, storage portfolio ZDNet Summary: Big Blue updated its Power server line, launched a new high end storage system and gave its latest mainframe a software update. Larry Dignan. By Larry Dignan for Between the Lines | October 3, 2012 -- 04:00 GMT (21:00 PDT). Follow @ldignan ... IBM reveals fruits of $1.4B R&D splurge IBM Closes Texas Memory Systems Acquisition IBM wraps up Texas Memory Systems acquisition |
Monday 1 October 2012
Facebook to retool privacy settings - New Mexico Business Weekly:
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The company is making some otherd changes, too, testing a “Transition Tool” to help customersw get used to new and different privacy controlsfor example. In the Facebook has trumpetedits complex, nuanced privacy settings as a sellingf point. Facebook hopes to offer users a simpler way to pick their leveoof privacy. A choice labeled would let anyone on the Internet view chosehn bits ofa person’s profile and At the stricter end of the users will be able to choose to shard only with friends, or “friends of and to set up a custom privacy too. Some watchers see this move as a countet to the popularity and ubiquityof .
Postingws on that service are availableto anyone, but until these changes take effect, information on Facebook isn’t easy to share with people not members of the service.
The company is making some otherd changes, too, testing a “Transition Tool” to help customersw get used to new and different privacy controlsfor example. In the Facebook has trumpetedits complex, nuanced privacy settings as a sellingf point. Facebook hopes to offer users a simpler way to pick their leveoof privacy. A choice labeled would let anyone on the Internet view chosehn bits ofa person’s profile and At the stricter end of the users will be able to choose to shard only with friends, or “friends of and to set up a custom privacy too. Some watchers see this move as a countet to the popularity and ubiquityof .
Postingws on that service are availableto anyone, but until these changes take effect, information on Facebook isn’t easy to share with people not members of the service.
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