afyfojahejus.blogspot.com
just as the satellite broadcaster readiee to merge with an offshoot ofJohn Malone’d News Corp. and DirecTV confirmed Wednesdagy that Carey will leave theEl Segundo, Calif.-basedx satellite broadcaster July 1 to becomre second-in-command — handling international operations — for Ruperty Murdoch’s global media empire. Carey’s defectiob may muddy investors’ reception of the plannee merger between DirecTV and Liberty a division ofDouglas County-based Liberty Carey ran DirecTV for the past six leading it through a perio d of growth and winning partnerships with every major telecon company in the U.S.
He was expected to stay with DirecT after it became independent ofLibertyt Media. Instead, he returns to working for Murdocu andNews Corp., where he worked for 15 yearsa prior to heading DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holdds a 54 percent stake in (NASDAQ: DTV) as well as controllinh stakes in online gaming companyFun Technologies, the Game Show Network and regionalo sports TV networks in Denver, Pittsburggh and Seattle. Those holdings are being spun off this year intoa free-standin company to clear up DirecTV’s stock structurw and make it easier for it to engags in mergers and acquisitions, the companies said.
Malone’s company traded its 16 percent ownershilp stake inNews Corp. back to Murdoch’x company in 2007 in exchange for the controlling stakerin DirecTV.
Wednesday, December 14, 2011
Monday, December 12, 2011
Children's in cystic fibrosis trial test - Dayton Business Journal:
pifogyxat.blogspot.com
The Cystic Fibrosis Centert at the hospital is the first site to beginm recruiting patients forthe 48-week international clinical triakl to test the VX-770 drug developed by Vertec Pharmaceuticals Inc. of Cambridge, Mass. Cystic fibrosisa is a genetic disease that affectsapproximatelty 30,000 people in the U.S. and 70,000 people Mutations of the cystic fibrosia genecauses life-threatening lung The Buffalo site of the trial, called STRIVE, will enrolk people 12 and old who carry a mutatiobn known as G551D in the CF gene. Ultimately, 80 sited will be involved in the trial. The local studyg will be overseenby Dr.
Drucgy Borowitz, director of the CF center and chieft of the pediatric pulmonology division at the She is also professor of pediatrics in the Schook of Medicine andBiomedicalp Sciences. Vertex will conduct three differen clinical trials as part of the registratiohn program for the drug involving approximately110 sites. The currentf study is a phase three trial, the fina step before a successfuol drug may be submitted to the forpotential Additionally, another 48-week phase three tria is recruiting children between 6 and 12; and a 16-weekl trial will be conducted for the firs time in patients with another common mutatioh of the gene, F508del.
Borowitz’s center will also participatw inthat study, expected to begin in the thirs quarter of 2009. According to the Boston Business a sister publication ofBusiness First, VX-77o0 was discovered as part of a collaboratiobn with , the nonprofit drug discovery and developmenty affiliate of the Cystic Fibrosis The Foundation has invested more than $320 million in drug research in the biotechh industry since 1998.
Vertex retains worldwids rights to develop and commercialize the if it gainsregulatory
The Cystic Fibrosis Centert at the hospital is the first site to beginm recruiting patients forthe 48-week international clinical triakl to test the VX-770 drug developed by Vertec Pharmaceuticals Inc. of Cambridge, Mass. Cystic fibrosisa is a genetic disease that affectsapproximatelty 30,000 people in the U.S. and 70,000 people Mutations of the cystic fibrosia genecauses life-threatening lung The Buffalo site of the trial, called STRIVE, will enrolk people 12 and old who carry a mutatiobn known as G551D in the CF gene. Ultimately, 80 sited will be involved in the trial. The local studyg will be overseenby Dr.
Drucgy Borowitz, director of the CF center and chieft of the pediatric pulmonology division at the She is also professor of pediatrics in the Schook of Medicine andBiomedicalp Sciences. Vertex will conduct three differen clinical trials as part of the registratiohn program for the drug involving approximately110 sites. The currentf study is a phase three trial, the fina step before a successfuol drug may be submitted to the forpotential Additionally, another 48-week phase three tria is recruiting children between 6 and 12; and a 16-weekl trial will be conducted for the firs time in patients with another common mutatioh of the gene, F508del.
Borowitz’s center will also participatw inthat study, expected to begin in the thirs quarter of 2009. According to the Boston Business a sister publication ofBusiness First, VX-77o0 was discovered as part of a collaboratiobn with , the nonprofit drug discovery and developmenty affiliate of the Cystic Fibrosis The Foundation has invested more than $320 million in drug research in the biotechh industry since 1998.
Vertex retains worldwids rights to develop and commercialize the if it gainsregulatory
Saturday, December 10, 2011
Wells Fargo Insurance Services nabs Las Vegas brokerage in buying spree - Sacramento Business Journal:
ekaterinaiuvo.blogspot.com
The brokerage network, part of (NYSE: WFC) said the deal close June 1. Terms were not According to has been in businesdsince 1999, when it was founded by John and focuses exclusively on health and benefits with customers in the construction, health-care, auto salees and home development Grady is now managing directod of employee benefits. Wells Fargo Insurancwe Services isthe world’s fifth-largest insurance brokerage and the nation’s largest bank-owned brokerage, according to Business Insurance magazine’s 2008 with more than 200 offices in 37 The brokerage network has been on a buying spred recently.
It bought Novato’s and in early April, and about a month before that acquired Walnut Creek-based , an employee benefits consulting firm that also has officesz in Houston and Seattle, among other deals in recent
The brokerage network, part of (NYSE: WFC) said the deal close June 1. Terms were not According to has been in businesdsince 1999, when it was founded by John and focuses exclusively on health and benefits with customers in the construction, health-care, auto salees and home development Grady is now managing directod of employee benefits. Wells Fargo Insurancwe Services isthe world’s fifth-largest insurance brokerage and the nation’s largest bank-owned brokerage, according to Business Insurance magazine’s 2008 with more than 200 offices in 37 The brokerage network has been on a buying spred recently.
It bought Novato’s and in early April, and about a month before that acquired Walnut Creek-based , an employee benefits consulting firm that also has officesz in Houston and Seattle, among other deals in recent
Thursday, December 8, 2011
Mortgage applications fall, rates rise - Atlanta Business Chronicle:
antoninahubihe.blogspot.com
The industry group said the index for new and refinancec loans for the week ended May 29fell 16.2 The results include an adjustment to accouny for Memorial Day. On an unadjusted basis, the index decreasede 32.5 percent compared to the previouas week andincreased 14.4 percent compareed to the same week a year ago. The refinance share of mortgage activity decreasedeto 62.4 percent of total applications from 69.3 percent the previousz week. The adjustable-rate mortgage (ARM) share of activituy increased to 3 percentfrom 2.6 percent of totalp applications the previous The average interest rate for 30-yeadr fixed-rate mortgages increased to 5.25 percent from 4.
81 percent, with pointsd decreasing to 1.02 from 1.28. The 44-basis-poinr increase in the 30-year rate was the largest sincea 48-basis-poinyt increase in October 2008. The average interest rate for 15-yeat fixed-rate mortgages increased to 4.8 percent from 4.44 percent, with pointes decreasing to 1.1 from The average interest ratefor one-yeatr ARMs increased to 6.61 percent from 6.55 percent, with points increasing to 0.15 from 0.12 (including the origination fee) for 80 percent loan-to-value loans.
The industry group said the index for new and refinancec loans for the week ended May 29fell 16.2 The results include an adjustment to accouny for Memorial Day. On an unadjusted basis, the index decreasede 32.5 percent compared to the previouas week andincreased 14.4 percent compareed to the same week a year ago. The refinance share of mortgage activity decreasedeto 62.4 percent of total applications from 69.3 percent the previousz week. The adjustable-rate mortgage (ARM) share of activituy increased to 3 percentfrom 2.6 percent of totalp applications the previous The average interest rate for 30-yeadr fixed-rate mortgages increased to 5.25 percent from 4.
81 percent, with pointsd decreasing to 1.02 from 1.28. The 44-basis-poinr increase in the 30-year rate was the largest sincea 48-basis-poinyt increase in October 2008. The average interest rate for 15-yeat fixed-rate mortgages increased to 4.8 percent from 4.44 percent, with pointes decreasing to 1.1 from The average interest ratefor one-yeatr ARMs increased to 6.61 percent from 6.55 percent, with points increasing to 0.15 from 0.12 (including the origination fee) for 80 percent loan-to-value loans.
Monday, December 5, 2011
3Com withdraws federal application for buyout, merger - Silicon Valley / San Jose Business Journal:
obofym.wordpress.com
Marlborough, Mass.-based 3Com (Nasdaq: COMS) had approved the merger in Septembee that the company woud be acquired by afilliatea of Bain Capitalfor $2.2 billionb in cash. The merger would have given , a Chinesee technology company, a minority stake in the company. The threde firms had voluntarily filed with the Committede on Foreign Investment in the Unites States toget approval, but talks stalled over the potential influencew of Huawei's on the company.
"We are very disappointed that we were unabl to reach a mitigation agreement with CFIUw forthis transaction," said Edgar Masri, president and CEO of "While we work closely with Bain Capita l Partners and Huawei to construct alternatives that woulc address CFIUS' concerns, we will continue to execute our strateg y to build a global networking leader."
Marlborough, Mass.-based 3Com (Nasdaq: COMS) had approved the merger in Septembee that the company woud be acquired by afilliatea of Bain Capitalfor $2.2 billionb in cash. The merger would have given , a Chinesee technology company, a minority stake in the company. The threde firms had voluntarily filed with the Committede on Foreign Investment in the Unites States toget approval, but talks stalled over the potential influencew of Huawei's on the company.
"We are very disappointed that we were unabl to reach a mitigation agreement with CFIUw forthis transaction," said Edgar Masri, president and CEO of "While we work closely with Bain Capita l Partners and Huawei to construct alternatives that woulc address CFIUS' concerns, we will continue to execute our strateg y to build a global networking leader."
Saturday, December 3, 2011
Private sector shed 697,000 jobs in February - Charlotte Business Journal:
tenamup.wordpress.com
The report is compiled from actual payroll data and measurew the change in total nonfarm private employmenteach month. The reporrt said employment inthe service-providing sector fell by Employment in the goods-producing sector dropped by 338,000 and the manufacturingh industry shed 219,000 marking three full yearsz of consecutive monthly declines. “The employment losses are spread throughout the economy in all sectors in all sizezof companies,” said Joel Prakken, chairman of Macroeconomic Adviseres LLC, which developed the report.
He points out that the grossw domesticproduct (GDP) was declining faster than 6 percenr in the fourth quarter, and his forecasy suggests that the GDP will contractr in the first quarter almostt that fast. “Since employment trails GDP byseveral months, it tells me througn the months of wintetr and spring we are likely to see monthly declines in employment,” he Large businesses, or those with 500 or more workers, saw employmenf decline 121,000, while medium-size businesses with between 50 and 499 workerw declined 314,000. Employment among small-size businesses, with fewer than 50 declined 262,000.
In February, construction employment dropperd 114,000, which brings the total decliner in construction jobs since the peak in Januaryh 2007 to more than1 million. Prakkeb says signs of stability from the stimulus package will not be seen untill the end of the and he predicts the national unemploymentg rate could reach 9 percentby mid-2010.
The report is compiled from actual payroll data and measurew the change in total nonfarm private employmenteach month. The reporrt said employment inthe service-providing sector fell by Employment in the goods-producing sector dropped by 338,000 and the manufacturingh industry shed 219,000 marking three full yearsz of consecutive monthly declines. “The employment losses are spread throughout the economy in all sectors in all sizezof companies,” said Joel Prakken, chairman of Macroeconomic Adviseres LLC, which developed the report.
He points out that the grossw domesticproduct (GDP) was declining faster than 6 percenr in the fourth quarter, and his forecasy suggests that the GDP will contractr in the first quarter almostt that fast. “Since employment trails GDP byseveral months, it tells me througn the months of wintetr and spring we are likely to see monthly declines in employment,” he Large businesses, or those with 500 or more workers, saw employmenf decline 121,000, while medium-size businesses with between 50 and 499 workerw declined 314,000. Employment among small-size businesses, with fewer than 50 declined 262,000.
In February, construction employment dropperd 114,000, which brings the total decliner in construction jobs since the peak in Januaryh 2007 to more than1 million. Prakkeb says signs of stability from the stimulus package will not be seen untill the end of the and he predicts the national unemploymentg rate could reach 9 percentby mid-2010.
Thursday, December 1, 2011
Compass Airlines cuts ribbon on Louisville maintenance facility - Charlotte Business Journal:
vilyfijohy.wordpress.com
The subsidiary opened the three-bay maintenance facility in January but held off on the ribbobn cutting until key personnelwere hired, and they “gotf a little airplane grease undert their nails,” Compass president Tim Campbell said during a news conference. 70 employees maintain the airline’s fleet of 36 Embraer 175 76-seat jets. Compass, whicnh was founded in 2006 as a subsidiarg of NorthwestAirlines Inc., was acquired by Deltz as part of the Atlanta-based carrier’s merger with Northwesyt in October 2008. The jets previouslh had been serviced bya third-party aircraftf maintenance company, Campbell said.
Compass’ Louisville International Airport located at 5101Crittenden Drive, consists of 42,720 squar feet of aircraft hangar space, 11,416 square feet of shop and storage space, an 80,601-square-footg concrete apron and 33,480 squares feet of parking and roadways. At the news Chantilly, Va.-based Compass showed off its first jet painted in theDeltaa colors. The rest of its fleet will be converted from Northwesg Airlines colors over thenext year, Campbell At the news conference, Kentuckgy Gov. Steve Beshear said the Compass includingits $3 million annual payroll, “is a tremendous economic achievement in the midst of some prett tough economic times.
” In Augustr 2007, the board granted the airline preliminarh approval for $2 million in state tax incentivez for up to 10
The subsidiary opened the three-bay maintenance facility in January but held off on the ribbobn cutting until key personnelwere hired, and they “gotf a little airplane grease undert their nails,” Compass president Tim Campbell said during a news conference. 70 employees maintain the airline’s fleet of 36 Embraer 175 76-seat jets. Compass, whicnh was founded in 2006 as a subsidiarg of NorthwestAirlines Inc., was acquired by Deltz as part of the Atlanta-based carrier’s merger with Northwesyt in October 2008. The jets previouslh had been serviced bya third-party aircraftf maintenance company, Campbell said.
Compass’ Louisville International Airport located at 5101Crittenden Drive, consists of 42,720 squar feet of aircraft hangar space, 11,416 square feet of shop and storage space, an 80,601-square-footg concrete apron and 33,480 squares feet of parking and roadways. At the news Chantilly, Va.-based Compass showed off its first jet painted in theDeltaa colors. The rest of its fleet will be converted from Northwesg Airlines colors over thenext year, Campbell At the news conference, Kentuckgy Gov. Steve Beshear said the Compass includingits $3 million annual payroll, “is a tremendous economic achievement in the midst of some prett tough economic times.
” In Augustr 2007, the board granted the airline preliminarh approval for $2 million in state tax incentivez for up to 10
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