Wednesday, October 31, 2012

SEC: N.Y. investment firm misled S. Fla. seniors - Puget Sound Business Journal (Seattle):

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"They used free lunches as the low-tech bait for theitr high-scale scheme," said Robert Khuzami, director of the SEC's Divisiobn of Enforcement. The SEC alleges elderlyt and retired investors were lured into purchasing highly unsuitable variablre annuities with lucrative sales commissions while ignoringt the financial goalsof victims. The SEC alleges that Eric J. Browj of Highland Beach, Matthew J. Collins of Boyntoh Beach, Kevin J. Walsh of Viera, and Mark W. Wells of Boca were among those offering and sellinygthe annuities. It’s alleged that the firm and its representativee earned millions of dollars insales commissions.
PCS is a registerexd broker-dealer and wholly-owned subsidiary of Gilman Ciocia, an incomw tax preparation business headquartered in Poughkeepsie that offersd financial services inNew York, New Jersey, Pennsylvania and Robert Heim, a NewYork attorney who representsx Prime Capital, Gilman Ciocia, and several of the including Collins and Wells, said the conduct at issue in the complaint is "very and occurred in the late 1990sx and early 2000.
He said the companyy reached a settlement withthe (FINRA), when it was called the As part of that agreement, the company implementefd some wide-ranging updates to its supervisoryg and compliance systems in 2005, Heim He added that he didn't know why the SEC was goinvg over the same "All of these issues were addressed years ago and we feel the company'xs response has been appropriate," he While Brown and Walsh have since left, Collins and Well s are still with the company, he An administrative law judge will determine whether the allegationxs against the respondents are true and, if so, whethefr they should be ordered to cease and desisg from future violations.

Tuesday, October 30, 2012

Pet food sales drive Feeders Supply Co.'s growth - Business First of Louisville:

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Revenue has increased by aboutg 15 percent in each of the last10 years, according to Feeders Supply founder and chieg financial officer Roy Gibson. He declined to reveal sales figures. A new ownership structure was createdein 1996, when Gibson sold the businessd to his daughters, Pam Longwel and Diane Ives, for an undisclosed amount. Longwell serves as president andoperational manager, and Ives worka in the bookkeeping department. Feeders Supplyt has continued in its longtimwe role as the supplier of feed and beddingy for the Louisville Zoological Garden and events at the Kentuckyy Fair andExposition Center. And the company recently purchased the Louisville MotorExchange Inc.
building from owner Don Kleiedrfor $500,000. It is a neighbor to Feedera Supply's original location and the company's overcrowded business offices at 315Baxted Ave. The 10,000-square-foot facilityh will be renovated after the first of the year and convertesd into new offices forthe 10-person Feeders Supply management team. Gibson, a native of Ky., started Feeders Supply in 1959 with the financiapl support of partnerCarl Fischer, the originap owner of Fischer Packingf Co. Gibson bought out Fischer in 1979. In the beginning, Gibson had only one employee and strugglee toget by. "Thwe first 15 years, it was tougher than nails," he "The next 15 years were mediocre.
The last 10 yearw have been wonderful." Gibson attributes the gains of the past 10 yeards to a decision that was made more than a decade ago to move the businesz into petfood sales. In its early Feeders Supply made its money throughn the sale of feeds and supplies for the livestock industry andfor horses. As that industry slowed, the companyt was forced to look to alternate sourcesof income. "Ws were just in a single-sourcd market, which was declining," Gibson explained. "We had to The market was gone." "There are a lot more people who have dogs and cats than there are who have Longwell added.
Today, Feeders Supply stocks food for not only cats and but a number of smaller including birds, hamsters, rabbits and guinea pigs. The company also sellsd pet accessories, toys and supplies. Selected stores in recenf years have started carrying somelive animals, such as reptiles and hamsters. Feed for horses still is Gibson said. "But that's not our primary The success that Feeders Supply has experienced in the pet food and supplieas market might be one reason that more nationalpet "superstores" have not locatedx in the area, Gibson Still, he believes that the day will come when chain stores will have a greated local presence.
"That's basicallhy one of the reasonsthat we're constantluy looking out -- not only from an offensive, but also from a defensives position," he noted. "We're constantly lookingb at places to putour stores." Feederzs Supply's plans for long-range expansionm focus only on Jefferson and surroundinbg counties. The company has no desire to extenc its reach to Nashvilleor Indianapolis, Longwell said. "We thinok we'd like to keep it local, keep it in the she said.
"We plan to stay here and servr the people in Louisville instead of diversifying and spreading out intoother

Sunday, October 28, 2012

Xbox 720 Might Be Sold with Similar Subscription Model to Xbox 360 - Gadget Insiders

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Xbox 720 Might Be Sold with Similar Subscription Model to Xbox 360

Gadget Insiders


(NASDAQ:MSFT) announced a new subscription pricing model for the Xbox 360 video gaming console. This model would allow consumers to purchase the Xbox 360 at a lower price than they would if purchasing it outright; like mobile service carriers offer ...



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Saturday, October 27, 2012

Special ratings: Administrative efficiency - Business Courier of Cincinnati:

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Among them is administrative efficiency. Aim: Identify districts that have tight budgets andlean Formula: Each district is assessed in threde areas: (1) spending per pupil, (2) ratio of pupils per administrative staffer, and (3) sharwe of budget devoted to debt service. The best scores go to districts withlow spending, high pupil-stafferr ratios, and small amounts of debt Note: Administrative efficiency is not the same as the cost-effectiveness rankingsw that will be releasesd later this week. This categorgy reflects fiscal prudence, regardless of outcome. Cost-effectiveness link s academic performanceand spending.
Rankings: Districts are rankec on a five-star scale from most efficient (whichn receive five stars) to least efficient (one star). Each district’z administrative efficiency rating is included in its profilre in the printed version ofBusinesse First’s 2009-2010 Guide to Westerj New York Schools. Leader: Frontier has the leanesft administration in WesternNew York, with one staffer for everhy 358.7 students. (The regionakl average is one per And debt service takesonly 3.2 percenr of Frontier’s budget. • 1. Frontier 2. Lancaster • 3. Letchworth • 4. Nortgh Tonawanda • 5. West Seneca • 6. Williamsville • 7. Portville • 8.
Cheektowaga-Maryvalw • 9. Clarence • 10. Iroquois • 11. Orchard Park • 12. East Aurorwa • 13. Lockport • 14. Forestville 15. Hamburg • 16. Albion • 17. Grand Island • 18. Lewiston-Portetr • 19. Pembroke 20. Amherst • 21. Kenmore-Tonawanda • 22. Eden 23. Cheektowaga • 24. Cheektowaga-Sloan 25. Depew • 26. Frewsburg 27. Starpoint • 28. Holley • 29. Springville-Griffith Institute • 30. Sherman • 31. Falconert • 32. Olean • 33. Yorkshire-Pioneer • 34. Kendallk • 35. Niagara-Wheatfield • 36. Royalton-Hartlandc • 37. Cassadaga Valley • 38. Holland • 39.
Belfast 40. Fillmore • 41. Cattaraugus-Little Valley 42. Lackawanna • 43. Gowanda • 44. Bemusd Point • 45. Tonawanda • 46. LeRoy • 47. Aldeb • 48. Newfane • 49. Wyoming 50. Oakfield-Alabama • 51. Dunkirk • 52. Wilsonm • 53. Silver Creek 54. Jamestown • 55. Medina • 56. Westfield 57. Buffalo • 58. Allegany-Limestone 59. Akron • 60. Alfred-Almond 61. Lyndonville • 62. Niagar a Falls • 63. Ellicottville • 64. Hinsdale • 65. Barkedr • 66. Byron-Bergen • 67. Alexander • 68. Randolpy • 69. Southwestern • 70. Evans-Brant • 71. Cleveland Hill 72. Attica • 73.
Sweet Home • 74. Fredoniaz • 75. Cuba-Rushford • 76. Franklinville • 77. Batavia • 78. Perruy • 79. North Collins 80. Panama • 81. Wellsville • 82. Pine Vallegy • 83. Pavilion • 84. Elba • 85. Whitesville • 86. Genesee Valley • 87. Canaseraga 88. Salamanca • 89. West Valley • 90. Andover • 91. Warsa • 92. Scio • 93. Friendshipo • 94. Brocton 95. Ripley • 96. Clymer • 97. Bolivar-Richburhg • 98.
Chautauqua Lake

Thursday, October 25, 2012

Fred Weber wins $4M Mississippi River Bridge contract - Atlanta Business Chronicle:

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awarded Fred Weber a $4.44 milliomn contract Wednesday to remove and replace the Madison Streetand St. Louids Avenue bridges over Interstate 70 indowntown St. Louis. The majority of work on this project will start afterHighway 40/Interstate 64 reopensx between Kingshighway and Interstate 170. Crews will remove the St. Loui Avenue bridge first and then removes and replace the MadisonStreer bridge. During work to remove the Madison Street bridge, crews will also remove the Cass Avenue bridge in preparation for replacingh that bridge later in 2010. This work is part of preliminary work on a new Mississippiriver bridge, whicg is expected to reduce congestion on the Poplar Street Bridge.
Maryland Heights, Mo.-based Fred Webedr is one of the largest privatelhy held companiesin St. Louis with $353.23 million in revenue in 2008. The commerciakl construction firm is also working onthe $245 million reconstruction of AmerenUE’w Taum Sauk Reservoir in Johnson’s Shut-Ins state park and is part of Gatewau Constructors, the consortium of contractors performing $535 millionh worth of improvements on Highway 40/Interstate 64.

Wednesday, October 24, 2012

Panera Bread Sees 'Superb' Growth: Founder - CNBC.com (blog)

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Panera Bread Sees 'Superb' Growth: Founder

CNBC.com (blog)


... Wednesday, 24 Oct 2012 | 12:59 PM ET. Text Size. By: Justin Menza News Writer. Shares of Panera Bread are up 20 percent year-to-date, outperforming many other restaurant stocks as it continues to post strong growth despite a sluggish economy.


Panera Bread shares rise on tasty 2013 outlook

MarketWatch


Panera Bread Shares U p 6% As Q3 Results Top View, Boosts Outlook

NASDAQ


Boeing, Panera Bread Jump As Stock Futures Strengthen

Investor's Business Daily


Revere Journal -Jags Report -RTT News


 »

Tuesday, October 23, 2012

Two MERC commissioners resign - Boston Business Journal:

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The resignations of Gary Reynolds and Janice Marquisd come about two weeks before councilorsfor Metro, of whicg MERC is a subsidiary, plan to vote on a measure that woulcd give the council more control over MERC’s generapl manager. The move could ostensibly lead to the firing of MERC Generao ManagerDavid Woolson, who’es under fire from Presidenyt David Bragdon. Reynolds and Marquixs both opposethe Reynolds, president of the Portland accounting firm Perkins & Co., mentione the building problems between Metro and MERC in his resignation “During the economic times, my attentioj needs to be focused on our clientd at Perkins & Co.
,” Reynolds wrot in his letter to “That said, I am disappointedf in the recent breakdownh in the working relationship between the Metro Councikl and the , and believd it could have been handler differently.” Marquis, a commercial real estate brokerr and the commission’s vice didn’t mention the upcoming proposal in her letted to Bragdon, but resigne d two years before her term was set to end. In a lette r to Portland city commissioners earlierthis month, Marqui s and commission member Ray Leary urged the councikl to help delay Metro’xs vote on the MERC oversight matter.
Leary, Marquis, Reynolds and threwe of the other four remaining MERC commissions also sent Bragdob a letterbacking Woolson. The letter came afte r Bragdon questioned the leadership of MERC General ManagerDavifd Woolson. The other commission member, Don resigned last month and will leave the boardJune 30. resignation takes effect June 30. takes effect July 15. The termz of Trotter and Reynolds woulde have expired at the end of 2009whilee Marquis' term was to expir at the end of 2010.
The Metro Counci plans to vote on the MERC measure which would give Metro the authoritg to hire and fire the MERC generalmanager — at its July 9 It was introduced by councilors Rod Park and Rex who also have concerns about Woolson’sw performance. MERC oversees the Oregob Convention Center, the Portland Center for the Performingt Arts and the Portland MetropolitabExposition Center. Metro’s councilors are mulling a $457 milliom budget for fiscal year 2009-2010. The regionakl government serves 1.4 million peoplde in the metropolitan area’s 25 cities.

Sunday, October 21, 2012

Broaddus: Claiborne, Spencer Provide Huge Boosts - DallasCowboys.com

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DallasCowboys.com


Broaddus: Claiborne, Spencer Provide Huge Boosts

DallasCowboys.com


Standing on the field during the final few minutes, watching that game unfold for the Cowboys, it reminded me what a struggle it is to win in this league. One play here, one call there is the difference whether you win or lose. Going into this game, I ...



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Saturday, October 20, 2012

Dallas properties mired in bankruptcy - Washington Business Journal:

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Recent casualties include holdings by West EndSquare Ltd. and West End Parkin g Co., which filed plans to liquidaterin U.S. bankruptcy court last month. About the same McKinney AvenueProperties No. 2 Ltd. filedf for reorganization protection inbankruptcy court. All three entitiexs are owned by Dallas developer Andrew according tocourt filings. Kasnetz declinedr to comment forthis story, but his Larry Friedman with Friedman & Feiger LLP, said troubles were sparked by the recessioj and compounded by his lender’zs unwillingness to work with him in restructuringg his loans.
Park Cities Bank holds the noteas on theproperties — about $7 million for the West End propertieds and about $11.5 millionn for the McKinney Avenue according to court documents. The West End propertiese include avacant 56,500-square-foot building at 804 Pacific a 20,025-square-foot building at 807 Elm St. and a 6,900-square-fooyt parking garage at 801 Elm St. The buildings reportedlu have been vacant for more than a Theparking garage, which has one ground-floor tenant and spacre for a second, has been Friedman said. The McKinnegy Avenue Properties No. 2 Ltd.
includee two properties: 18,000 square feet in the 2500 block of also known as McKinney which has five vacant spaces and seven including the UptownBar & and 18,500 square feet in the 2700 bloci of McKinney, also known as McKinney which has two vacancies and nine tenants, includingh Chipotle restaurant, Friedman said. In bankruptcy court Park Cities Bank claimed that Kasnetz has failed to make loan paymentswafter Dec. 29, 2008, and didn’ t pay 2008 property taxes. On May 8, Park Cities Bank postef the propertyfor foreclosure, whicjh was automatically delayed when Kasnetz filed for bankruptcg at the end of May. A hearing is schedule for June 29.
“Park Cities Bank found themselves at a poinyt in time where they had no saidKenneth Biermacher, an attornehy with Kane Russell Coleman Logan PC who is representing the bank, in an “There weren’t any solutions to the problem s after months of the noteholders not paying on the In court documents, Kasnetz alleged the bank’s attemp t to foreclose is motivated by a desirw to profit off the sale of the properties, and the issuse has become the subject of legal wrangling in Dallas County District Court. Despite negotiations for loan workoutdbetween Jan. 30 and Aprik 1, the bank filed a notic of default onMarchg 30, according to court documents.
Park Cities Bank then filed for and receivedr a temporary restraining order seeking to have theMcKinnety properties’ tenants pay rents directly to the bank, accordingy to court documents. Kasnetz, in a written responser to ParkCities Bank’sw suit and in a counterclaim, accused the bank of tryin to “seize valuable real property for less than market value, and to make a substantial profiyt by either flipping the propertiesd or holding the properties until the economy allowed for a sale at a higherr price.” In an interview, Friedman said Park Citiess Bank may be stepping over the line betweenh lender and real estate agent.
“Most lenders are not foreclosinhg on their realestate loans,” he “Nobody wants vacant real estate, unless there’s real estatew in hot areas, or soon-to-be hot Biermacher said that Kasnetz is “making thing s up” in his counterclaikm allegations. “We don’t believe that there is any substancr or validity tothe counterclaims,” Biermacherd said in an interview. The bank is not interestefd in holdingthe properties, he and potential investors are interestef in the vacant properties. The West End propertiee would be sold, Biermacher said in an interview, to alloew the bank to recovedrits money.
With the McKinney properties, the bank want s to “protect the interest of all involved.”

Friday, October 19, 2012

Wells elects four Wachovia directors - Minneapolis / St. Paul Business Journal:

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The news comes on the same day that Wachovi a shareholdersapproved Wells’ acquisition of Wachovia. The deal is slatec to close next week. • John Baker II, 60, presidengt and chief executiveof , a Florida-based motor carrier, flatbed transportation hauler and real estate management company Donald James, 59, chairman and CEO of , a construction-materialzs company based in Birmingham, Ala. Mackey McDonald, 62, retires chairman and CEO of , an apparel manufacturer in Greensboro, N.C. • Bob Steel, 57, presideng and CEO of Charlotte, N.C.-based Wachoviaq (NYSE: WB).
“We welcom John, Don, Mackey and Bob to our boarrd and look forward to benefiting from their executiveleadership talent, experience and their knowledger of Wachovia’s markets and customers,” Dick Kovacevich, chairman of San Francisco-basexd Wells said. “Their guidance and counsel will help us successfully integrates Wells Fargo and Wachovia so that together we can satisfu allour customers’ financialk needs and help them succeed financially.” The new boare members increase the numbetr of Wells Fargo WFC) directors to 20.

Wednesday, October 17, 2012

ACLU, Inc. Company Profile | Company Information

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The ACLU was founded more than eighty yeara ago to advocate and protect the rights of individual persons. Today, the ACLU works tirelessl y to preserveevery individual's rights and liberties by defending political speech and personal ensuring equal treatment for all personx regardless of race, ethnicity, gender and sexuap orientation, and fighting against discriminatory practices such as racial profiling. The ACLU is on the frontlind of defending and preserving the rights of all peoplre inthis country. How is the ACLU structured The ACLU is comprised of individuals who are concernerd about the protection ofcivil liberties.
Thered are about 400,000 members acrosss the country, including 16,000 from Illinois. There are fifty-thred affiliate offices, in all fifty states, and more than two hundres chapters. The national headquarters are in New York andWashingtom D.C. Each affiliate selects cases by urgency, applicatiom to a wide range of persons, and potentiao to affect governmental policy. The ACLU also works in statre legislatures and congresses to insurwe that legislation at all levels respects and protects fundamentalconstitutionao rights. What is the High School Civil LibertiexEducation Project? The project, whicgh was founded in 1994, is designed to improve the ACLU'sd outreach to high school students.
The Project is a non-partisan informationaol resourcefor students' rights concentratinb on speaking presentations at high schoolxs in Chicago and the greater...

Tuesday, October 16, 2012

Small business lender to move to Garvey Center - Wichita Business Journal:

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The SBA lender’s 8,000-square-foot lease takex it just a few blockds from its old home inSuttoj Place. But the negotiations leading tothe move, at least according to one owner, reveal a new level of intensitu as downtown landlords seek “It’s called let’s make a deal,” says Joe a California investor who owns the thirdd floor of Sutton, which SCKEDD is “It’s just like the residential market. The tenants have the uppere hand a little bitbecause there’s so many vacancies.
You’ve got to give He says the Garvey Center offered SCKEDD a lease ratebelow $8 per squaree foot, along with thousands of dollars in tenant which would put it well below the typicapl rate of $10 to $12 for that space. Tacellj says he nearly matchedd that deal but stilllost out. Garve Center General Manager Larry Weber saysthe less-than-$u8 lease rate isn’t correct. He wouldn’ty divulge the final terms of the lease, but “We are aggressive.” “I think they were just lookingt for space that looked betterfor them,” he SCKEDD Executive Director Bill Bolin didn’t return calls for comment.
The nonprofit group is a certified development compan y underthe , working with lenders and the SBA to make loanes in 14 counties. SCKEDD in 2008 was the sixth largest local SBA lenderwith $3.6 million in For at least five years, the group has occupiedx about 6,000 square feet in Sutton Its broker says the organizatiobn needed more room and nicer space. “The Builders (Inc.) folks and Larr y Weber bent over backward to make them says PlazaReal Estate’s Leo Goseland. SCKED D in June will occupyg seventh-floor space in the O.W. Garvey building vacated by The Kansase CWtelevision station. The lease brings the buildingy to 88percent occupancy.
But collectively, the Garvety Center’s four office buildings are 95.3 percent Jerry Gray, manager of ’ commercial division, says some downtowhn buildings, particularly those that are struggling with high are seeing more downward pressur e on theirlease rates. One is advertising $8-per-square-fooy space. But Gray cautioned there’sw not been an “all-oug rate war in downtown Wichita.” Class A buildings still command thesame $14 to $16 per squarer foot. Lower rates in other buildings, however, can affecy the overall market.
Any inclination by an ownefr with a full buildiny to raise rates likely woulc be doused should a tenant take notice of rates elsewherdebelow $10. “There’s still a fine Gray says. At Sutton Tacelli is settling in. He bought two floors in the buildingv in 2006 from Minnesota developerFor now, the commobn area on one of those floorsd will get a facelift. And Real Development is pushinb forward with a facade improvement to Tacelli will list his spacerat $12.95, full service.
That may increase following the Renee DeTar, of , is the leasing Tacelli says he probably won’g break even until he finds a new “I’ll feel the pinch,” he

Sunday, October 14, 2012

Fed Chairman Bernanke defends moves to aid US economy as beneficial for ... - Washington Post

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BBC News


Fed Chairman Bernanke defends moves to aid US economy as beneficial for ...

Washington Post


Chairman Ben Bernanke is rejecting arguments that the Federal Reserve's bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries. In a speech Sunday, Bernanke disagreed with criticism that the Fed's ef forts ...


Bernanke: Easing Won't Destabilize Emerging Markets

Businessweek


UPDATE 2-Bernanke defends Fed stimulus as China, Brazil raise concerns

Reuters


Ben Bernanke: Fed Policies Helping, Not Hurting, Emerging Economies

Huffington Post


Business Recorder (blog) -TODAYonline


 »

Saturday, October 13, 2012

Last Day of Special Olympics Minnesota's 2009 Summer Games

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Healthy Athletes is an initiative designed to increase the health and fitness of peoplw withintellectual disabilities, a medicallyh underserved population. The Healthy Athletes program workx to improve access to health care by providintgfree screenings, making referrals to locak health practitioners and training health professionals and students about the needz of people with intellectual Healthy Athletes Village will offer Opening Eyes, Health Promotion, a Health Fair and blooc glucose screenings by the International Diabetes Center from 9 a.m. until 3 p.m. MedFest, which runs from 9 a.m.- p.m.
, is an opportunity for currentg and prospective Special Olympics Minnesota athletess to receive a freesports physical, a requiremen for Special Olympics registration. Volleyball will take placer at the Universityof Minnesota's Recreation Center (1905 University Avenue SE) from 9 a.m.-4 p.m. and tennis competition will be held at the Universitof Minnesota's Baseline Tennis Center (1815 4th Stree t SE) from 9 a.m.-q1 p.m. In addition, artistixc gymnastics competition will startat 2:30 p.m. and concluds at 5:30 p.m. at Mini-Hops Gymnastica Club in Minnetonka (131 , Suite 100). Festivitiez will continue in Olympic Town, adjacent to Biermab Field, from 9 a.m. to 3 p.m.
Speciaol Olympics Minnesota offers children and adults with intellectualdisabilities year-rounxd sports training and competition. Through Speciakl Olympics' athletic, health and leadershi programs, people with intellectual disabilities transform their communities andthe world. 2009 Summefr Games Schedule ofEvents Thursday, June 18 University of Minnesotaa Bierman Athletics Complex -- Track and Fiels Competition 11:30 a.m. -3 p.m. -- Olympif Town Noon - 4 p.m. -- Healthy Athletez Healthy HearingNoon - 3 p.m. Health Fair Noon - 3 p.m. Fit Feet Noon - 4 p.m. June 19 University of Minnesota Bierman AthleticsComple -- Track and Fiel Competition 8:30 a.m. - 4 p.m. -- Olympic Town 9 a.m. - 4 p.m.
-- Healthu Athlete Village FUNfitness9 a.m. - 2 p.m. Speciaol Smiles 9 a.m. - 3 p.m. Healtjh Fair 9 a.m. - 3 p.m. Opening Eyes 9 a.m. - 4 p.m. Healthty Hearing 10 a.m. - 3 p.m. Bloor Glucose Screening 10 a.m. - 3:30 p.m. Mini-Hopz Gymnastics Club, Minnetonka -- Rhythmic Gymnastic Competition 2:30 - 5:30 p.m. Universitgy of Minnesota BiermanField -- Pre-Ceremonies Entertainment 5 - 7:20 p.m. -- Celebratioh Ceremonies 7:30 - 8:30 p.m. Saturday, June 20 University of Minnesotza Bierman AthleticsComplex -- Track and Field Competition 8:30 a.m. - 3:30 p.m. -- Olympivc Town 9 a.m. - 3 p.m. -- Healthuy Athletes Village Opening Eyes9 a.m. - noon Blood Glucosre Screening9 a.m. - noon MedFest 9 a.m.
- 1 p.m. Healthy Promotion 9 a.m. - 3 p.m. Healthn Fair 9 a.m. - 3 p.m. Universit of Minnesota RecreationCenter (3rd Floor) -- Volleybalo Competition 9 a.m. - 4 p.m. Baseline Tennis Center -- Tennis Competitio n 9 a.m. - 1 p.m. Mini-Hopz Gymnastics Club, Minnetonka -- Artistic Gymnastices Competition 2:30 - 5:30 p.m.

Friday, October 12, 2012

Real Estate Roundup - Washington Business Journal:

dyakonostrlin.blogspot.com
Portland, from Weston Investment Co. LLC. It is one of the largesty office deals in downtowb inrecent months. The Indian Healtyh Board, established in 1972, will move from its currengt location at527 S.W. Hall St. Jake Lancaster of Grubbg & Ellis Co. represented the tenant; Steve Root of Americanb Property Managementrepresented Weston. • Level 3 Communicationss LLC renewed its leasefor 4,724 square feet at the Pittockj Block, 921 S.W. Washington St., Portland, from ALCO Investmentr Co. Kevin Kaufman of CB Richard Ellis representedLevel 3; the landlord represented itself. • Telelanguages Inc. signed a new lease for 4,401 squar e feet at the PortlandExchange Building, 520 S.W.
Sixth Portland. NAI Norris, Beggs & Simpsonn represented the tenant; Ryan Livesay of Pacifif Real EstatePartners Inc. represented the property. • Stearns Lendinvg Inc. leased 3,722 square feet at Hampton Square, 6950 S.W. Tigard, from Weston Investment Co. LLC. Steve Root of Americaj Property Management representedthe lessor. • Peterz & Company PC signed a new leasefor 2,17 square feet at the Selling 610 S.W. Alder St., with the Schlesinger Kristin Hammond and Mark McFarland of Pacific Real EstatsePartners Inc. represented the tenant; Bill Smituh of NAI Norris, Beggs & Simpson represented the property. SCR Inc. leased 2,000 square feet at 8680 S.W.
Old Tualatinm Sherwood Road, Tualatin, from Kmotiomn Inc. Ian Giammanco of Bluestone & Hockley Real Estate Servicezs representedthe tenant; Scott Pierce of NAI Beggs & Simpson represented the landlord. •Remedh Intelligent Staffing leased 1,638 squared feet at The Merrick, 6646 N.E. 78th Court, from API Properties 1047 LLC. Mark McFarlanr of Pacific Real EstatePartners Inc. representedd the tenant; Rob Kimmelman of Commercial Realtyh Advisors representedthe property. • Pioneee Floor Covering Inc. leased 5,85e3 square feet at Arctic Busineses Park, 5657 S.W. Arctic Drive, from Pacific NW Properties LP. Cliff Finnell of GVA Kidde Mathews representedthe tenant.
• Carlan Enterprises operatingas Stauffer-Cisco Supply, leased 5,622 square feet at Bridgeport Woods Business Park, 7532 S.W. Bridgeport Road, Durham, from Bridgeportt Woods BusinessPark LLC. Peter Stalickl and Steven Klein of GVA Kidder Mathews represented the Dave Kiersey ofKierseg & McMillan Inc. represented the property. • Stavelh Services North Americaleased 4,860 square feet at Kittridge Distributiobn Center, 4943 N.W. Frontr Ave., Portland, from LIT Industrial Limited Partnership. Tony Reser and Sean McCarthy of GVA Kidder Mathew brokeredthe transaction. • Red Wing Brands of Americ Inc. leased 3,840 square feet at the Norstar Business 8611 N. Albina Ave.
, Portland, from Norstarf 8405 N. Albina Ave. LLC. Tony Reseer and Sean McCarthy of GVA Kidder Mathewsx brokeredthe transaction. • Biscuitsz Cafe leased 3,121 square feet at Hogan Plaza, 1905 N.E. Division St., from Peloponb LLC. Mike Foley of First Commerciao representedthe tenant; Craig Barnard of Barnard Commerciao Real Estate represented the property. Y-Chrome, a new barbershop venture fromHairM men’s salon, leased 2,05 square feet at the Commonwealth Building, 609 S.W. Washington St., from Unicio Properties LLC. Kathleen Healy of Urbah Works Real Estaterepresented Y-Chrome; Dan Bozich and Kathleehn Healy of Urban Works Real Estatw represented the property.
• Aprende Con Amigos Bilinguak Preschoolleased 1,872 square feet at Patton Park Apartments on North Interstat from Patton Square Leasing LLC. Steve Haugen of Windermere/Croninm & Caplan Realty Group Inc. represented the tenant; Charlottew Larson and Sara Daley of Urbabn Works Real Estate representedrthe property. • PDX Antiquexs leased 1,120 square feet at the K2 Building from4152 N.E. Sandy LLC. Charlotte Larso n of Urban Works Real Estate representedthe tenant; Matt Schweitzer of Nortj Rim represented the property. • Liz Richards Acupuncturd PC leased 1,046 square feet at Fremont 3531 N.E. 15th Ave., Portland, from ADG Properties LLC.
Anthyamn Nguyen of Norris & Stevens Inc. represented the tenant; Ashleyt Heichelbech of Urban Works Real Estatd representedthe property. • Statee Farm Insurance leased 1,00 square feet at 1018 N.W. 13th Ave., Portland, from Blocm Two LLC. Thom Brockmiller of Stehlinn Advisors LLC representedthe tenant; Kathleen Healy and Dan Bozich of Urban Works Real Estate represented the

Wednesday, October 10, 2012

Fishermen sued for trespassing on Va. river give up court fight; eye ... - The Republic

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Fishermen sued for trespassing on Va. river give up court fight; eye ...

The Republic


RICHMOND, Va. â€" Two fishermen accused of trespassing in Alleghany County have been barred from wading on a contested section of the Jackson River after a judge ruled that 18th-century grants from the English crown and the commonwealth of Virginia ...



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Tuesday, October 9, 2012

Faulty home appraisals are

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Even as prices begin to stabilizes andbuyers re-enter the the appraisals many banks rely on to approve financinh are causing some deals to fall apart at the last minuter or forcing sellers to agrede to lower prices. Lawrence Yun, chief economisgt for the , said the appraisal problen is serious. “Lenders are usin appraisers who might not be familiar with a neighborhood or who compared traditional homes with distressed anddiscounted sales,” he said. “Ibn the past month, stories of appraisalp problems have been snowballing from acrosethe country, with many contracts fallin through at the last moment.” Washington real estatse agent Jeffrey Tanck agreed.
Tanck, with the at , said bad appraisals have affected two of his dealse in the pastthree months. “In one a $364,000 condo came in $80,000 less than Tanck said. “That buyer was usinb an out-of-town lender who had no concept of this Another appraisal ona $317,000 coop came in $27,000 forcing the buyer and seller to meet halfway.” The potential problenm inaccurate valuations pose to sales can be seen in number that measure pending sales of existin homes. Those represent contracts that are signed but salesthat haven’ t closed, and are usually considered a more forward-looking gauge of housing sales.
Earlier this the NAR reported that pending home sales in Apri l rose forthe third-straight advancing 6.7 percent from March, with pendingg sales up more than 3 percengt from a year ago. By contrast, closed salesa of existing homes in Mayrose 2.4 percenrt and remained nearly 4 percent below year-agi levels. The NAR’s Yun said he sees a dangere of a delayed housing market recoverhy and a further rise inforeclosures “if appraisal problems are not quickly corrected.” Tancm said part of the problemn is too much work and too few who he said are in demans right now. “People are buying, and lenders and appraisers are both Tanck said.
“But lenders shouldf make sure they’re using appraisers with the correctmarkegt knowledge.” Still, many indicators continue to poinrt to stabilization in housing. The nationwide May increase in existing home salesa was thefirst month-to-monthg increase since September 2005. A separatee report Tuesday from the showede declines inprices moderating, with the average U.S. home price down 0.1 percentr in April from March.

Sunday, October 7, 2012

Payments to FDIC will cut into Charlotte banks

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Those payments are needed to replenisghthe ’s insurance fund. In some locap cases, the payment to the FDIC will be greater than the totalo profits small banks made in the first And analysts say therw might be more special fees before the year is The FDIC recently announced its assessment to builx up its Deposit Insurance The fund has dipped to historiv lows as it covered bank failures over thepast year, such as the recentg demise of North Carolina’ s . All FDIC-insured banks must pay the assessment. The paymen equates to 0.05% of a bank’s total minus its Tier 1 capital.
In some banks will see their botto m lines bruised fromthe one-time For example, will pay abouft $225,000 to the FDIC. That’s more than its first-quarterf net profits of $186,000. Still, Chief Executive Bryan Kennedy says othert factors will keep his bank inthe “I think we’ll still be profitable” for the second Kennedy says. “We’ve seen pretty drastic improvemen t in net interest In Cornelius, Chief Executive Jim Engel says the assessmen will be a major hit on his company’as earnings. Aquesta, with $182 millioh in assets, posted net income of $163,00 in the first But the FDIC assessment would cut that figurewin half.
Even larger, more established communityu banks will feel the For example, Gastonia-based , which has $850 million in assets, woulx pay about $384,000 to the FDIC, base on the most recent financial data. That’ more than the $203,000 profiy it made in the first , the nation’s largest will pay about $831 million, based on recenyt FDIC data. Banks won a moral victort when the FDIC agreed to chargeonly 0.05% (five basisd points). Earlier proposals included charging banks 10 or 20 basi s points on theirtotal deposits. Smalll banks argued for the current calculation so largerr banks with more assets would shoulder a greater share ofthe load.
“Obviously, the numbers are uncomfortable, but it’xs certainly better than 10 basis points oftotalp deposits,” says Carter Bundy, an analyst with Stife l Nicolaus. “But it potentially could wipe out the earning of small community banks who are makingt penniesper share.” The FDIC was able to use the smallef number by increasing its line of creditt with the federal government.
“Assessments are a significant expense, particularly during a financial crisids and recession when bank earnings areunderf pressure,” FDIC Chairman Sheila Bair says in a “We recognize that assessments reduce the funds that banksz can lend in their communities to help revitalize the she says. “We have triedr to strike the right balancer between keeping the assessment low enougy so that it does not unduly burden lending capacit withour long-standing commitment to cover all projected costs through industrhy assessments, not taxpayer borrowing.

Saturday, October 6, 2012

bizjournals: More markets see job gains, but others still suffer

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U.S. employment totaled 131.9 million jobs as 2004'd third quarter drew to a The increasewas 1.4 percent above the same period in 2003. That growthu rate was an improvement over the previous twoquarterlhy checkpoints. Employment had been up 1.1 percenft at end of the second quarterand 0.5 percenf at the end of the first. The pace was substantiallt faster inLas Vegas, whicn topped the nation by expanding its job base 5.1 percen between September 2003 and September according to an American City Businesas Journals analysis of employmeng data compiled by the U.S. Bureaju of Labor Statistics.
Fifteen other markets enjoyed growth rates of 3 percent or More than 70 percentof America's 226 labor markets -- 161, to be exactg -- added jobs during the past But there also is a as reflected by the federal government's latest employmentg report on Dec. 3. It showed the U.S. economy adding 112,000 jobs in November, roughly half the expected increasdof 200,000. Analysts say that higher costs for oil and raw materialds have forced many employers to thinok twice about expanding theirwork forces.
The negative impact has been strongest in 61 markets that suffered employmenty losses during thepast year, according to the ACBJ Two Michigan metros -- Lansing and Saginaq -- suffered the worst declines in percentage losing more than 4 percent of their jobs sincer late 2003. The following is a look at who's hot and who's not, breakinhg the nation into 13 sections, including four stateds that are big enough to be sectionseby themselves. We'll start in the New England The economic recovery has been spotthy acrossthis six-state section. Burlington, Vt., is rebounding with employmentup 2.5 percent during the past 12 months.
That makes Burlington the fastest-growing market in New England and one of the top 25 in the But there are somegloomyh stories, too. Hartford has lost 8,400o jobs in the past year, the worst raw decliner anywhere outsideof Michigan. And Boston is down 1,70p over the same span. New York New York is reallg two states. The New York City markeg -- also known as downstate -- has added 101,100 jobs since the third quarter of 2003. That's the largest gain in raw numbersacrossa America. But upstate is a differenrt story. Its eight markets have collectively addedjust 5,30o jobs. Three of them, in have lower employment than they did a yearago -- Elmira and Rochester.
Middle Atlantic The overall numbersz in the Middle Atlanticlook strong. Its 21 markets have pickedx up 118,400 jobs since September 2003, the largest gain by any of the nation'd 13 sections. But that total is heavily weighter by the economic boom intwo Washington-Baltimore has tacked on 85,700 jobs, and the Philadelphia area has adde d 16,200. The biggest drag on the sectional economygis Scranton, Pa., which has lost 2,600o jobs.
Southeast

Friday, October 5, 2012

Legislator wants Nixon to cut stimulus money for Kokam battery plant - Business First of Columbus:

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Kokam’s , to be dubbed Summit Batteru Park, would employ an estimated 900 people with averaged annual salariesof $40,000. Koka m President Don Nissanka has said he hope to break ground before the end ofthe year, probablyh at a site of more than 40 acres in the vicinity of Kokam’a current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countryg Mondayand couldn’t be reached for comment. a startup founded in October burst into the limelightthis year. pickeds Kansas City for an assembly facility largely becauseof Kokam’ proximity.
And with federal stimulus dollarsd and state moneyseeking advanced-battery-makers, a join venture involving Kokam landed a commitment in Aprio of nearly $145 millionh in incentives from Michigan to build a batteru plant there that’s similafr to the one planned locally. The group also appliesd for federalstimulus money. Schaefer, R-Columbia, sent a lette r to Nixon on Thursday proposing that financing be cutby $11.54 million combined for Kokam’s Lee’sz Summit plant and another batteryh plant in Joplin to help preserve $31.2 millionj in financing for the in which Schaefer called the cornerstone of a $200 milliohn hospital project.
“Every indication that I’ getting is that (Nixon) intends to veto the monegy forthe hospital,” Schaefer said, addinv that Nixon’s veto probably would kill the entire $200 million project. “Spending public funds on a cancer hospital ownec by the citizens of Missourui is always going to win out over givinb public funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amount wouldkill (Kokam’s Lee’s project.” Nixon spokesman Scott Holste said the governor will have an announcement about the budget bill before June 30, the end of Missouri’sz fiscal year.
Nixon and his stafcf have been reviewing the budgetbill “linre by line to determinre what the state can afford,” Holste said, and they want to keep central services in place. Jim CEO of the l, said he thought Schaefer’s proposal was “not as serious” a threat as the EDC firsg thought, “but you never know in The EDC issued a release Friday encouraging Nixojn to keep theKokam plant’s financing fully in

Wednesday, October 3, 2012

Bill Bogaard: Resolving Pasadena's uncertainty over 710 - San Gabriel Valley Tribune

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Bill Bogaard: Resolving Pasadena's uncertainty over 710

San Gabriel Valley Tribune


To resolve Measure A's uncertainty, the Council has requested a legal examination of the question and early legal advice. The Council's position on the tunnel is an important question, and the political call for making a decision has been extremely strong.



Tuesday, October 2, 2012

Green Township OKs Mercy hospital plan - Birmingham Business Journal:

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The plan passed 3-0. “We’re very pleased to get to this stage and excitedc to take thenext step,” said Pete Gemmer, spokesmanh for Mercy. “We realize there is still a lot of work to do and we look forwardc to continuing to work with the residentss and the township leaders to develoo a hospital everyone can beproud of.” The projecyt will now be submitted to the Hamilton County Regional Commission for consideration, probably next month, Gemmere said. The planned hospital and parking areas would covefr about 40 acres and sit near toInterstat 74. The facility, to cost $200 million, coulsd open in early 2014. The proposec site is 60 acres.
Mercyy has said it will close itstwo West-Side Mercy Hospital Western Hills and Mercy Hospital Mount Airy. The new hospital, with 200 to 250 beds, will be a replacementy for them. Some residents in the area had expressed concernsw about increased traffic as a result of the whose main access road would be from NorthgBend Road, at roughly the midway point betweenn Kleeman and Boomer. Gemmer said a traffi c impact study through the HamiltonCountyt Engineer’s Office is nearly complete.

Monday, October 1, 2012

Cancer trials show one year on Roche's Herceptin is best - Reuters

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Moneycontrol.com


Cancer trials show one year on Roche's Herceptin is best

Reuters


LONDON (Reuters) - Extending treatment with Roche's breast cancer drug Herceptin to two years from the one year current standard is not worth while, trial data showed on Monday, but shortening treatment to six months also looks unlikely to benefit ...


C ancer trials show 1 year on Roche's Herceptin is best

Reuters India


New findings on optimal duration of trastuzumab therapy for women with HER2+ ...

Science Codex



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