http://mountainshadows.net/page/Favour-The-Fauna.html
Derek Mercer, the nephew of ATS founder Delorees Kesler, acquired the company and will serve as Kesler will retain the title ofchairman emeritus. Amy McGeorgee will assume the role of presidenand CEO. Terms of the acquisition were not disclosed. “This is an exciting time in the growth and evolutionof ATS, and I’mm pleased to allow the next generation of leadership to take the said Kesler. Kesler created Jacksonville-based ATS Services in eventually forming a parent company that mergede with three otherstaffing firms, including . The business split into two ventures: , whicn became a publicly traded compan y and isnow , and ATS Services.
Merceer worked as the director of information technology at ATS Servicezs before creating hisown company, , a globa provider of on-demand talent management software, in 1996. Kesler provided a loan that helped starthe company. Vurv Technology was acquired by (NASDAQ: in 2008 for $128.8 Talagy, which has 11 office s around the country and 80 will continue to offer the same productsand services, but instear of operating under multiplew brands and business units the company will consolidate into a singlew brand.
Monday, November 29, 2010
Saturday, November 27, 2010
Home inventories poised to rise - Nashville Business Journal:
http://pro-software.biz/2008/10/29/
And they’d better be ready to keep running. Althoughb a recent spike in sales has cut the inventory of homeesfor sale, there’s a glut of tens of thousands of foreclosur e lawsuits pending against properties that are not listed for Until bank repossessions wane and mortgageas become more widely available, property valuexs might start stabilizing, but they won’t said Keith Fleischer, a brokefr at the Weston office of , a subsidiary that helpx banks sell repossessed homes. Banks often contact REO Collectio n about selling a home shortlyg before or shortly after it is seizedxthrough foreclosure.
The company gets its name from the acronykm banks have for their foreclosedpropertyu – real estate owned. While REO Collection has a pretty decent amount ofactives listings, it has a huge boarxd of pre-listings set for the market, Fleischerd said. “We’re going to see an increaser in available new REO listings on the he said. Statistics seem to follow that logic, as banksw are filing foreclosure actions faster than they are takinvg back homes and putting them on the According to court data analyzed byBal Harbour-based , there were 7,3121 property repossessions in South Florida in the firsft quarter and 25,263 new foreclosure filings.
A study by the suggests the stater may be only halfway throughthe mess. Of the more than 3.5 milliob mortgages the MBA tracksin 10.6 percent were in the foreclosure process and an additionak 10.7 percent were past due on March 31. “The inventory of homew for sale will substantially All you need to do is look at how many pendinb foreclosuresthere are,” said Bill McCaughan, an attorney with K&Lk Gates in Miami who represents banks in foreclosures. “There’s no question that the volume itself causes a time lag tolist properties.
” Even if it’es clear that a propertty will become bank-owned, the backlogged Sout Florida courts and the bank employees overloaded with these cased make it a lengthy process, McCaughan Regulations, such as the mandatoryg inspections before REO home salesa required by Miami-Dade County, only slow it down he said. Condo Vultures principaol Peter Zalewski said some banks are purposely delaying the foreclosurer process becausethey don’t want to take ownership of homeds and pay to maintain them whilew the market is near the “Banks want to hold back on inventory to let the inventory be depletefd so they can get higher he said.
“We’re seeing inventory being depleted becaus not all of the foreclosures are on the Much of the pain has alreadyh played out in the subprime but several other factors continue pushingv peopleinto foreclosure. Unemployment is near a record andevery percentage-point increasr in the unemployment rate increases the probabilitu that people will become seriously delinquentf on their mortgage by 10 percent to 20 according to a research paper publishedf in May by the . Add to that more toxi c mortgages.
Nationwide, there are about $500 billionj in outstanding paymentoption adjustable-rate mortgagex (ARM), where borrowers can pay only a portiob of the monthly interest and let the size of the mortgags grow. When the value balloonas by 15 percent or 25 percent and the borrower is undefwater – the loan resets and requireas both interest and principal which can double the monthly A report issued in April by predicted that these resets would starty accelerating in the spring of 2010 until they reacuh a peak of $14 billion in optiom ARMs resetting in September 2011. They would not taper off until near the endof 2012.
The delinquencu rates on those loans are so high that it helpex push severaloption ARM-heavy such as BankUnited FSB and , into failure. While the initiak wave of defaults of subprime mortgagesa put many modestand lower-tier homee and condos on the the next wave of foreclosures from optiomn ARMs and unemployment will include more top-shelft homes, said Bradley Hunter, directod of the South Florida market for real estat e analysis firm Metrostudy in West Palm That will give buyers more attractive Hunter believes that the median housing price could rise when thosr nicer homes start getting sold off by the but it would be a falsde positive.
The average sales pricw might increase because larger homes are gettin soldmore often, but the discountds based on past sales would remain – or even he said. “The downward pressure on pricese continues and will continue well into next Hunter said. “We are most of the way througuh theprice adjustment. We probablyy only have another 10percent [decline] more to go.” REO Collection’x Fleischer said single-family homes prices have nearly stabilized and will remain around this level for the next few but condo prices couldr fall further because of the cripplingh effects missed association dues are havingg on condo associations.
The ailingy condition of some condo associations makes the and most banksz rule out lending inthose complexes, Fleischer Zalewski said neighborhoods east of Interstate 95 are stabilizint faster than South Florida’s western suburbs becauser they are more attractive to buyers of second homes. “Manyt of the investors and second-home buyers see 2009 as the year thatthe all-casyh institutional buyer goes in,” he added. “And 2010 is seen as the year when (typicakl buyers) return to the market because ofstimulusw dollars.
”
And they’d better be ready to keep running. Althoughb a recent spike in sales has cut the inventory of homeesfor sale, there’s a glut of tens of thousands of foreclosur e lawsuits pending against properties that are not listed for Until bank repossessions wane and mortgageas become more widely available, property valuexs might start stabilizing, but they won’t said Keith Fleischer, a brokefr at the Weston office of , a subsidiary that helpx banks sell repossessed homes. Banks often contact REO Collectio n about selling a home shortlyg before or shortly after it is seizedxthrough foreclosure.
The company gets its name from the acronykm banks have for their foreclosedpropertyu – real estate owned. While REO Collection has a pretty decent amount ofactives listings, it has a huge boarxd of pre-listings set for the market, Fleischerd said. “We’re going to see an increaser in available new REO listings on the he said. Statistics seem to follow that logic, as banksw are filing foreclosure actions faster than they are takinvg back homes and putting them on the According to court data analyzed byBal Harbour-based , there were 7,3121 property repossessions in South Florida in the firsft quarter and 25,263 new foreclosure filings.
A study by the suggests the stater may be only halfway throughthe mess. Of the more than 3.5 milliob mortgages the MBA tracksin 10.6 percent were in the foreclosure process and an additionak 10.7 percent were past due on March 31. “The inventory of homew for sale will substantially All you need to do is look at how many pendinb foreclosuresthere are,” said Bill McCaughan, an attorney with K&Lk Gates in Miami who represents banks in foreclosures. “There’s no question that the volume itself causes a time lag tolist properties.
” Even if it’es clear that a propertty will become bank-owned, the backlogged Sout Florida courts and the bank employees overloaded with these cased make it a lengthy process, McCaughan Regulations, such as the mandatoryg inspections before REO home salesa required by Miami-Dade County, only slow it down he said. Condo Vultures principaol Peter Zalewski said some banks are purposely delaying the foreclosurer process becausethey don’t want to take ownership of homeds and pay to maintain them whilew the market is near the “Banks want to hold back on inventory to let the inventory be depletefd so they can get higher he said.
“We’re seeing inventory being depleted becaus not all of the foreclosures are on the Much of the pain has alreadyh played out in the subprime but several other factors continue pushingv peopleinto foreclosure. Unemployment is near a record andevery percentage-point increasr in the unemployment rate increases the probabilitu that people will become seriously delinquentf on their mortgage by 10 percent to 20 according to a research paper publishedf in May by the . Add to that more toxi c mortgages.
Nationwide, there are about $500 billionj in outstanding paymentoption adjustable-rate mortgagex (ARM), where borrowers can pay only a portiob of the monthly interest and let the size of the mortgags grow. When the value balloonas by 15 percent or 25 percent and the borrower is undefwater – the loan resets and requireas both interest and principal which can double the monthly A report issued in April by predicted that these resets would starty accelerating in the spring of 2010 until they reacuh a peak of $14 billion in optiom ARMs resetting in September 2011. They would not taper off until near the endof 2012.
The delinquencu rates on those loans are so high that it helpex push severaloption ARM-heavy such as BankUnited FSB and , into failure. While the initiak wave of defaults of subprime mortgagesa put many modestand lower-tier homee and condos on the the next wave of foreclosures from optiomn ARMs and unemployment will include more top-shelft homes, said Bradley Hunter, directod of the South Florida market for real estat e analysis firm Metrostudy in West Palm That will give buyers more attractive Hunter believes that the median housing price could rise when thosr nicer homes start getting sold off by the but it would be a falsde positive.
The average sales pricw might increase because larger homes are gettin soldmore often, but the discountds based on past sales would remain – or even he said. “The downward pressure on pricese continues and will continue well into next Hunter said. “We are most of the way througuh theprice adjustment. We probablyy only have another 10percent [decline] more to go.” REO Collection’x Fleischer said single-family homes prices have nearly stabilized and will remain around this level for the next few but condo prices couldr fall further because of the cripplingh effects missed association dues are havingg on condo associations.
The ailingy condition of some condo associations makes the and most banksz rule out lending inthose complexes, Fleischer Zalewski said neighborhoods east of Interstate 95 are stabilizint faster than South Florida’s western suburbs becauser they are more attractive to buyers of second homes. “Manyt of the investors and second-home buyers see 2009 as the year thatthe all-casyh institutional buyer goes in,” he added. “And 2010 is seen as the year when (typicakl buyers) return to the market because ofstimulusw dollars.
”
Wednesday, November 24, 2010
Two national experts think Rich Rodriguez might be out as Michigan coach - Detroit Free Press
vorotintseyqah.blogspot.com
Two national experts think Rich Rodriguez might be out as Michigan coach Detroit Free Press Speculation about Michigan football coach Rich Rodriguez's job status is heating up on the national stage. This afternoon, rivals.com ... |
Tuesday, November 23, 2010
Mali: Football puts on Orange from 22nd - StarAfrica.com
http://preservationchicago.org/chicago7/2008/2_american_book.html
Mali: Football puts on Orange from 22nd StarAfrica.com The leader of the Malian football begins its season at Modibo Keita of Bamako, facing the onze createurs of Niaréla. This meeting scheduled just before the ... |
Sunday, November 21, 2010
HVCC moves 2 programs to Rensselaer Tech Park - Pacific Business News (Honolulu):
http://nesttechnologies.com/nest2/REform_us.htm
The Troy college recently signeda 10-yeart lease with 400 Jordan Road LLC. The school will pay approximateluy $605,000 a year to lease 36,557 squared feet of space. Hudson Valley’s popular paramedic program will occupy abouft half of thenew space. The school also will move its respiratorg care program and a that trains employeed forarea businesses, according to Stephen director of the college’ws physical plant. The remainder of the leaser space willhouse ’s Next Step a communications worker training prograkm coordinated by the college.
Those departments all currentlt are located inHudson Valley’x 90,000-square-foot Hy Rosenblum Administration Center, a 1940sw era building that Cowan said needs major renovations. “It’s a tired old We are looking at total renovationsaor demolition,” he said. But the colleg e decided to lease space from the througyh 400 Jordan Road LLC for 10 years while the collegs decides whether it should overhaul or tear down the HyRosenblujm building. The college continues to but because of the economy it does not have the moneyh to renovate the current buildingright now, Cowabn said.
Hudson Valley is planning to hire a consultin firm this summer to help officials decide the most cost effective way to deal with theRosenblumj building. helped Hudson Valley negotiatedthe lease. The collegd plans to have the four programs and departmentxs moved into the new space in Northn Greenbush before the start of classewson Aug. 31. The building previously had been used as offic e space for Verizon Cowan said.
The Troy college recently signeda 10-yeart lease with 400 Jordan Road LLC. The school will pay approximateluy $605,000 a year to lease 36,557 squared feet of space. Hudson Valley’s popular paramedic program will occupy abouft half of thenew space. The school also will move its respiratorg care program and a that trains employeed forarea businesses, according to Stephen director of the college’ws physical plant. The remainder of the leaser space willhouse ’s Next Step a communications worker training prograkm coordinated by the college.
Those departments all currentlt are located inHudson Valley’x 90,000-square-foot Hy Rosenblum Administration Center, a 1940sw era building that Cowan said needs major renovations. “It’s a tired old We are looking at total renovationsaor demolition,” he said. But the colleg e decided to lease space from the througyh 400 Jordan Road LLC for 10 years while the collegs decides whether it should overhaul or tear down the HyRosenblujm building. The college continues to but because of the economy it does not have the moneyh to renovate the current buildingright now, Cowabn said.
Hudson Valley is planning to hire a consultin firm this summer to help officials decide the most cost effective way to deal with theRosenblumj building. helped Hudson Valley negotiatedthe lease. The collegd plans to have the four programs and departmentxs moved into the new space in Northn Greenbush before the start of classewson Aug. 31. The building previously had been used as offic e space for Verizon Cowan said.
Saturday, November 20, 2010
New development plan will drive Clayton growth - Business First of Columbus:
http://yorkwatershed.org/business/green_infrastructure/biosJC.html
Carter is working on retaining and expanding existing businesses in Clayton and overseeing economidevelopment efforts. The Business Journal asked Carter about thosre efforts and the impact ofthe recession. What is your strategg to attract new companiesand development?? Clayton is poised to implement a new strategic economicx development plan. While still beingv refined, the strategy’s focus is on attracting new business, on nurturiny the nearly 2,000 businesses that currently callClayton home, on encouraging redevelopment and conductingy targeted marketing campaigns. Existing businesses are Clayton’s catalys for growth.
With companies like Graybar, Olin, Centene, and , Clayton’zs economic base is solid and The efforts toretainj these, and all Clayton businesses, will focus on helping them grow in To attract or retain businesses and to creates new investment and jobs, the city will considerr incentives on a case-by-case basis and work to obtainn state incentives. Currently, the city is in the processx of selecting a firm to updatethe city’s centrap business district master plan. The hope is to leveragwe assets suchas , , , and existing corporations and redevelopmentg into a deliberate plan for economicx growth.
With this growth will come opportunit to addmore world-class office space for organizationxs interested in capitalizing on Clayton’s premierd business environment. Clayton will beginm to take its regional reputatioj as a leading business cente r to thenational market. The city will begin increasing its economic developmentr via a targeted marketing Clayton will seek to attract new jobs and investmenr to the region by promotinvg its amenities on anational level. What major projectd are moving ahead? Admittedly the economg has slowedsome projects. However, the Centene projecf has closed onits financing, and construction activity is well unde way.
In addition, and Resorts and RJ York recently announced their plans to begin construction in 2010 ofa 245-roojm Westin Hotel. Husch Blackwell Sanders is proceedintg witha 15,000-square-foot build-out of additionap space in the Clayton Plaza. Once the economhy has stabilized, we expect many of the pendinb projectsto proceed. What does the city hope to achievr by conducting itsretail analysis? Clayton benefits from an alreadyg strong retail base provided in part by the 80 qualityu restaurants that call Clayton home. Many of the area’sd best chefs run kitchens in our restaurants.
Clayton’s four business districtsw combine a mix of charming retail shope and many of the finestg eating establishments inthe region. However, as part of the centrak business districtplanning process, the city will conductg a retail study. The ultimate goal will be to enhancwe one ofthe city’s finest amenities: its retaiol community. A vibrant retail environment attracts residentas and adds vitality to thecentralo core. The analysis should help energizer retaildevelopment downtown, establish a plan for an appropriate retailo mix and coordinate the differentt new developments. How is the city of Clayton positioninb itself to attractmore retailers?
We believ e the retail analysis will assist in answering this question. However, we also believr that getting Clayton’s story out to potentialo retailers will also attract more Clayton has a lotto offer. Claytomn has over 50,000 daytime employees, 80 restaurants and 50,000-plus householdsa within a 3-mile radius. In addition, Clayton has alwaysd been the original lifestyle Is Clayton considering any new programz to attract andretain businesses? Included in the yet-to-be-adopted strategicx economic development plan, there exists an economixc development incentive application and policy.
This is not to say that Clayton is enteringthe zero-sum game of locap competition for existing companies, but that as it moves forwardd with recruiting new businesses to the it will consider each projecg on a case-by-case basis. Furthermore, the city will examind assisting businesses in less than traditionaol manners such as leveraged marketing and other programas that may enhanceeconomic activity.
Carter is working on retaining and expanding existing businesses in Clayton and overseeing economidevelopment efforts. The Business Journal asked Carter about thosre efforts and the impact ofthe recession. What is your strategg to attract new companiesand development?? Clayton is poised to implement a new strategic economicx development plan. While still beingv refined, the strategy’s focus is on attracting new business, on nurturiny the nearly 2,000 businesses that currently callClayton home, on encouraging redevelopment and conductingy targeted marketing campaigns. Existing businesses are Clayton’s catalys for growth.
With companies like Graybar, Olin, Centene, and , Clayton’zs economic base is solid and The efforts toretainj these, and all Clayton businesses, will focus on helping them grow in To attract or retain businesses and to creates new investment and jobs, the city will considerr incentives on a case-by-case basis and work to obtainn state incentives. Currently, the city is in the processx of selecting a firm to updatethe city’s centrap business district master plan. The hope is to leveragwe assets suchas , , , and existing corporations and redevelopmentg into a deliberate plan for economicx growth.
With this growth will come opportunit to addmore world-class office space for organizationxs interested in capitalizing on Clayton’s premierd business environment. Clayton will beginm to take its regional reputatioj as a leading business cente r to thenational market. The city will begin increasing its economic developmentr via a targeted marketing Clayton will seek to attract new jobs and investmenr to the region by promotinvg its amenities on anational level. What major projectd are moving ahead? Admittedly the economg has slowedsome projects. However, the Centene projecf has closed onits financing, and construction activity is well unde way.
In addition, and Resorts and RJ York recently announced their plans to begin construction in 2010 ofa 245-roojm Westin Hotel. Husch Blackwell Sanders is proceedintg witha 15,000-square-foot build-out of additionap space in the Clayton Plaza. Once the economhy has stabilized, we expect many of the pendinb projectsto proceed. What does the city hope to achievr by conducting itsretail analysis? Clayton benefits from an alreadyg strong retail base provided in part by the 80 qualityu restaurants that call Clayton home. Many of the area’sd best chefs run kitchens in our restaurants.
Clayton’s four business districtsw combine a mix of charming retail shope and many of the finestg eating establishments inthe region. However, as part of the centrak business districtplanning process, the city will conductg a retail study. The ultimate goal will be to enhancwe one ofthe city’s finest amenities: its retaiol community. A vibrant retail environment attracts residentas and adds vitality to thecentralo core. The analysis should help energizer retaildevelopment downtown, establish a plan for an appropriate retailo mix and coordinate the differentt new developments. How is the city of Clayton positioninb itself to attractmore retailers?
We believ e the retail analysis will assist in answering this question. However, we also believr that getting Clayton’s story out to potentialo retailers will also attract more Clayton has a lotto offer. Claytomn has over 50,000 daytime employees, 80 restaurants and 50,000-plus householdsa within a 3-mile radius. In addition, Clayton has alwaysd been the original lifestyle Is Clayton considering any new programz to attract andretain businesses? Included in the yet-to-be-adopted strategicx economic development plan, there exists an economixc development incentive application and policy.
This is not to say that Clayton is enteringthe zero-sum game of locap competition for existing companies, but that as it moves forwardd with recruiting new businesses to the it will consider each projecg on a case-by-case basis. Furthermore, the city will examind assisting businesses in less than traditionaol manners such as leveraged marketing and other programas that may enhanceeconomic activity.
Thursday, November 18, 2010
Ilikai workers ratify new contract - Austin Business Journal:
http://campaignfinancesite.org/proposals/deregulation1.html
The hotel’s new owner, New York-based , closed the hotelo on July 9 but has said it will reopemthe 203-room property if members of UNITr HERE Local 5 agree to a new Specific details of the contract were not disclosed, but the union said “wages, benefits and job securit provisions will remain intact.” “All Ilikai workers will receivee the vacation pay they had accumulatex prior to the Ilikai’s closure, and workers not rehirexd will have the opportunity for severance pay,” accordinbg to a statement released by Local 5. “The new owners will offer employmentr to Ilikai workersby seniority.
” About 75 unionized employees were laid off when the Ilikaji closed. IStar bought the Ilikai at a foreclosurde auction in April after developer Brian Anderson defaulterd on the loan he took out in 2006 to buy the buildingh and 203residential units. The closure of the which has reportedly been losing moneyfor months, did not affectr 806 of the 1,009 units within the Ilikai, which are privately owned condominiumse or time shares.
The hotel’s new owner, New York-based , closed the hotelo on July 9 but has said it will reopemthe 203-room property if members of UNITr HERE Local 5 agree to a new Specific details of the contract were not disclosed, but the union said “wages, benefits and job securit provisions will remain intact.” “All Ilikai workers will receivee the vacation pay they had accumulatex prior to the Ilikai’s closure, and workers not rehirexd will have the opportunity for severance pay,” accordinbg to a statement released by Local 5. “The new owners will offer employmentr to Ilikai workersby seniority.
” About 75 unionized employees were laid off when the Ilikaji closed. IStar bought the Ilikai at a foreclosurde auction in April after developer Brian Anderson defaulterd on the loan he took out in 2006 to buy the buildingh and 203residential units. The closure of the which has reportedly been losing moneyfor months, did not affectr 806 of the 1,009 units within the Ilikai, which are privately owned condominiumse or time shares.
Tuesday, November 16, 2010
Roberts backs KU Cancer Center's push for NCI designation - South Florida Business Journal:
http://www.conducteurs-malus.com/article/Renault-to-launch-2-models-in-India-by-mid-2011.html
Roberts, R-Kan., spoke at The ’s Westwood medical building. He said that it now taked 10 years to 17 yearsand $1 billioj to bring a new drug to market, which Robertzs called a “national disgrace.” The National Cancer Institutre said in November that the KU Cancerf Center has a Sept. 25, 2011, applicatioh date for its efforts to get aninitiapl five-year designation as an NCI cancer The months-long application process for institutionx seeking new designations begins with submission of documentatiohn that sometimes exceeds 1,000 pages and includea a site visit and other steps. The earliest that KU Canceer Center’s application could be approved is the sprinygof 2012.
Nationwide, 64 cancer centers receive Cancer Centerd Support Grants to support research to reduce the morbidity and mortality rates of There are 23 cancer centers and 41 comprehensivwecancer centers. The KU Cancer Center is part of , which is the medicalk research and education arm of the Universityof Kansas. NCI designation — KU’s No. 1 priority — typically is granted to academicmedical centers. Therefore, KU Medicalk Center is the entity that will applt forNCI designation. • Increasedf regional patient accessto cutting-edgr clinical trials. • More than $1.3 billio in annual economic benefites inthe region.
• An increass in KU Cancer Center’s annual NCI financingg from thecurrent $7.5 million to about $40 NCI-affiliated institutions also attract world-class researchers who bring NCI grantsz with them, and part of the estimated increas e is based on that. Many of these researcherz doubleas clinicians, adding expertisw and depth in various cancer-care sub-specialties.
Roberts, R-Kan., spoke at The ’s Westwood medical building. He said that it now taked 10 years to 17 yearsand $1 billioj to bring a new drug to market, which Robertzs called a “national disgrace.” The National Cancer Institutre said in November that the KU Cancerf Center has a Sept. 25, 2011, applicatioh date for its efforts to get aninitiapl five-year designation as an NCI cancer The months-long application process for institutionx seeking new designations begins with submission of documentatiohn that sometimes exceeds 1,000 pages and includea a site visit and other steps. The earliest that KU Canceer Center’s application could be approved is the sprinygof 2012.
Nationwide, 64 cancer centers receive Cancer Centerd Support Grants to support research to reduce the morbidity and mortality rates of There are 23 cancer centers and 41 comprehensivwecancer centers. The KU Cancer Center is part of , which is the medicalk research and education arm of the Universityof Kansas. NCI designation — KU’s No. 1 priority — typically is granted to academicmedical centers. Therefore, KU Medicalk Center is the entity that will applt forNCI designation. • Increasedf regional patient accessto cutting-edgr clinical trials. • More than $1.3 billio in annual economic benefites inthe region.
• An increass in KU Cancer Center’s annual NCI financingg from thecurrent $7.5 million to about $40 NCI-affiliated institutions also attract world-class researchers who bring NCI grantsz with them, and part of the estimated increas e is based on that. Many of these researcherz doubleas clinicians, adding expertisw and depth in various cancer-care sub-specialties.
Maderis stepping down from Five Prime - Business First of Buffalo:
http://eypby.org/?p=941
The company has hired Julia Gregory, the former executive vice president and chiet financial officerat , as Maderis’ replacement. Maderis’ healthg condition was not disclosed, but she will continued to serve onFive Prime’s boarr of directors and as a Her final day on the job is June 18. “Gail’x leadership has been pivotak in the progress Five Primee has made in developing our pipelins and our new discovery said company founder and executivechairman Dr. Lewis Williams in a press release.
Maderis said the company had been looking for a replacement sincwe late last year after doctorssaid "thr 24/7 pace of a small-compang CEO" could worsen her Besides her duties at Five Maderis has been a cheerleade for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for canceer andother diseases, was the first to locate in Missio n Bay, taking about 30,00o0 feet in the building on Owens Street. Earliee this year, it took an additionao 5,000 square feet next door at 1700 Owens as it make batches for its Phase I oncologyhdrug program.
The timing of the executive changer as Five Prime moves forward with its lead cancerr programmakes Gregory’s appointment a crucialk one. At Lexicon, Gregory was responsible for financinyg strategies, mergers and acquisitions, business operations and all financial managementand accounting. She raiserd about $1 billion in public and private product development financing andothetr transactions. Gregory, who will join Five Prime’w board, was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcars andinvestment banking, leading several private and public equityy deals as well as mergers and acquisitions.
Gregor y also is a member of the board of The andthe ’w .
The company has hired Julia Gregory, the former executive vice president and chiet financial officerat , as Maderis’ replacement. Maderis’ healthg condition was not disclosed, but she will continued to serve onFive Prime’s boarr of directors and as a Her final day on the job is June 18. “Gail’x leadership has been pivotak in the progress Five Primee has made in developing our pipelins and our new discovery said company founder and executivechairman Dr. Lewis Williams in a press release.
Maderis said the company had been looking for a replacement sincwe late last year after doctorssaid "thr 24/7 pace of a small-compang CEO" could worsen her Besides her duties at Five Maderis has been a cheerleade for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for canceer andother diseases, was the first to locate in Missio n Bay, taking about 30,00o0 feet in the building on Owens Street. Earliee this year, it took an additionao 5,000 square feet next door at 1700 Owens as it make batches for its Phase I oncologyhdrug program.
The timing of the executive changer as Five Prime moves forward with its lead cancerr programmakes Gregory’s appointment a crucialk one. At Lexicon, Gregory was responsible for financinyg strategies, mergers and acquisitions, business operations and all financial managementand accounting. She raiserd about $1 billion in public and private product development financing andothetr transactions. Gregory, who will join Five Prime’w board, was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcars andinvestment banking, leading several private and public equityy deals as well as mergers and acquisitions.
Gregor y also is a member of the board of The andthe ’w .
Monday, November 15, 2010
TAC by Schneider Electric inks $9.6M deal - Dallas Business Journal:
http://cooperyoungfestival.com/prefest/
million contract with the Cityof Houston. TAC by is the buildingb management and energy services segment ofSchneider Electric. As part of the company’s deal with the city of TAC by Schneider has agreed to enhancs the conservation measures inside seven ofthe city's 271 buildings selected for the project. The deal is a follow-upl initiative to Houston’s decision to become a C40 city to revam city facilities under the ClintonClimatre Initiative’s Building Retrofit Program.
“Buildings are responsible for more than 50 percentr of greenhouse gas emissions inmost cities, so retrofitting our facilities with more energy-efficieng products and technologies is an important way we can reducd both energy use and greenhouse gas emissions,” said Jeff president of TAC Americas. “Our solutions are basefd on the latest technologies and includsrenewable energy, indoor environmental qualith improvement, sustainable design and more.” TAC estimateds its retrofitting initiatives allow buildings to use 20 percen to 30 percent less energy.
TAC added that its retrofit projecgt involving public facilities may make it possible for Houstomn to lower its CO2 carbon emissions by upto 1,647
million contract with the Cityof Houston. TAC by is the buildingb management and energy services segment ofSchneider Electric. As part of the company’s deal with the city of TAC by Schneider has agreed to enhancs the conservation measures inside seven ofthe city's 271 buildings selected for the project. The deal is a follow-upl initiative to Houston’s decision to become a C40 city to revam city facilities under the ClintonClimatre Initiative’s Building Retrofit Program.
“Buildings are responsible for more than 50 percentr of greenhouse gas emissions inmost cities, so retrofitting our facilities with more energy-efficieng products and technologies is an important way we can reducd both energy use and greenhouse gas emissions,” said Jeff president of TAC Americas. “Our solutions are basefd on the latest technologies and includsrenewable energy, indoor environmental qualith improvement, sustainable design and more.” TAC estimateds its retrofitting initiatives allow buildings to use 20 percen to 30 percent less energy.
TAC added that its retrofit projecgt involving public facilities may make it possible for Houstomn to lower its CO2 carbon emissions by upto 1,647
Sunday, November 14, 2010
Nuts & Bolts: Bears vs. Vikings - ESPN (blog)
http://doctormed.org/2009/11/21/estrogens-have-important-uses-but-they-have-serious-risks-as-well/
Chicago Tribune | Nuts & Bolts: Bears vs. Vikings ESPN (blog) 1. Help out the offensive line: The Bears roll out the starting combination of Chris Williams, Frank Omiyale, Olin Kreutz, ... It's Time To Bear Down Or Go Down |
Friday, November 12, 2010
Public staff OK with Duke Energy
http://best-go.org/?f=4&n=8
But the Public Staff of the saysit doesn’t objecft to allowing the contract at the rates Duke uses for othef wholesale customers in its servic e area. And the staff considers it unlikely it will need to recommen increasing the rates Duke charges Greenwood. The commission can require wholesale contracts to be made at what are callede incremental rates toensure Duke’s othefr customers aren’t charged extra to coverr some costs of the wholesale The utility has asked for a declaratory rulin that sales at Greenwood will alwaysz be allowed at the lower The staff says the commission should reserve the right to requirew Greenwood to pay the higher incremental rates in the eventg that the small contract someday affects the prices Duke charges its othe customers.
But the Public Staff of the saysit doesn’t objecft to allowing the contract at the rates Duke uses for othef wholesale customers in its servic e area. And the staff considers it unlikely it will need to recommen increasing the rates Duke charges Greenwood. The commission can require wholesale contracts to be made at what are callede incremental rates toensure Duke’s othefr customers aren’t charged extra to coverr some costs of the wholesale The utility has asked for a declaratory rulin that sales at Greenwood will alwaysz be allowed at the lower The staff says the commission should reserve the right to requirew Greenwood to pay the higher incremental rates in the eventg that the small contract someday affects the prices Duke charges its othe customers.
Thursday, November 11, 2010
Bucs' Ronde Barber: "It's nice to be relevant" - ProFootballTalk
http://all-turkish-hotels.com/Antalya/Lares-Park/
Boston Globe | Bucs' Ronde Barber: "It's nice to be relevant" ProFootb » |
Tuesday, November 9, 2010
Debt, downturn drag phone-book publisher R.H. Donnelley into Chapter 11 - Denver Business Journal:
hustbelogehy1857.blogspot.com
The Cary, N.C.-based company said that it has reached an agreemenf in principlewith “keg creditor key creditor constituencies” on a reorganizatio n plan that would reduce the company’s debt by $6.4 eliminating about $500 milliobn in annual interest payments. The Chapterr 11 filing punctuates a dramaticd fallfor R.H. Donnelley, whicnh had a $5 billion markert capitalization inMay 2007. The company was brought down by twomajort forces: (1) the flight of traditional Yellosw Pages advertisers to the Internet and (2) a staggeringg debt load of $9 billion, most of whichn was accumulated through a series of acquisitions when the businesxs was riding high. R.H.
Donnellety publishes the largest phone directory forthe 14-state territoryt of and employs hundreds of people locally. Its Dex Media divisiojn used to be ownedby Denver-based but Qwest sold the unit for $7 billionm in 2003 to private equity firmsa that later sold it to R.H. Donnelley. The recessioj has only added tothe company’s as evidenced by the first-quarter loss of $401.12 million reported last month by R.H. which said advertising sales slumped 17 to $598 million. “We just could not have anticipate d the severity of theeconomicf downturn,” Swanson said in a telephone interview. R.H.
Donnelley (Pink RHDC) employed 3,800 people nationwides as of March 1, company spokesman Mike Truelkl said. In Colorado, R.H. Donnelley has 700 employeesd in Englewood and its offices across theFronrt Range, down from the 1,100 it employeed locally when it bought Dex. Companywide, it has reduced its work forcde by at least 600 since the Swanson said the company has no plans forfurther layoffs. “It’s business as usual at R.H. Donnelleyt today and it will be (in the said Swanson, who says he expecte his company to emerge from Chapter 11 inearly 2010.
As CEO sincs 2002, Swanson was the driving forcwe behind three acquisitions totaling morethan $13 The biggest of those acquisitions came in 2006 when R.H. Donnelleyg bought larger rival Dex Media at a totaol costof $9.5 billion in cash and Before that, Swanson orchestrated the purchases of SBC Communicationz for $1.41 billion in 2004 and Sprint’s directoruy publishing business for $2.23 billion in 2002, his firstr year as CEO. Asked if his company grew too big too Swanson defendedthe acquisitions. Of the Dex deal in he said thathis company’s economic models projected a declinee of 5 percent in print advertising over five years. If that had held he said, R.H.
Donnelley would have been Instead, the company has been hit with double-digitr drops in advertising revenue caused by Internet competition andthe “I wish it would have turnedd out differently,” Swanson said. “No one could have put this into theitreconomic modeling.” None of R.H. Donnelley’s bondholders have requested anymanagement changes, Swanson said. R.H. Donnelley has tried to remaker itself in recent months into a provider of onliner localsearch – in other words into a busineses like the ones that have siphoner off much of its advertising base. But the debt prover too much to overcome withoutcreditor protection. In its filinb with the U.S.
Bankruptcy Courtt for the Districtof Delaware, R.H. Donnelley lists asseta of $12.1 billion and liabilities of $12.98 billion. The company planas to exchangeits $6 billionb in unsecured bonds for 100 percentg of the equity in the R.H. Donnelle that emerges from bankruptcy. All existing sharee in the company will bewiper out. The company also will pay off morethan $400 millio n in debt before the company emerges from Chief Financial Officer Steve Blondy said. The new R.H. Donnelley will have $3 billion in debt, Swansobn said. R.H.
Donnelley said that it does not anticipatw needing toget debtor-in-possessiohn financing because the company’s $300 million cash on hand and projecteds positive cash flow from operations should be sufficient to fund the businesz during the reorganization. Donnelley traces its rootss to 1886, when the Chicago Directory Co. begabn publishing a phone directory three timesa year. In the company was merged withDun & After an expansion spurt, R. H. Donnelley was spun out of Dun Bradstreet in 1996 into an independent publiclytraded R.H. Donnelley moved its headquarters to Caryfrom Purchase, in early 2004. Nort h Carolina awarded the companya $4.
3 million Job Developmenrt Investment Grant in 2003 to make the move to the Triangle. The companu considered locations in Wake and Durham counties before settlintg on Cary in a decision that won incentives from Wake Countgy Economic Development andthe town.
The Cary, N.C.-based company said that it has reached an agreemenf in principlewith “keg creditor key creditor constituencies” on a reorganizatio n plan that would reduce the company’s debt by $6.4 eliminating about $500 milliobn in annual interest payments. The Chapterr 11 filing punctuates a dramaticd fallfor R.H. Donnelley, whicnh had a $5 billion markert capitalization inMay 2007. The company was brought down by twomajort forces: (1) the flight of traditional Yellosw Pages advertisers to the Internet and (2) a staggeringg debt load of $9 billion, most of whichn was accumulated through a series of acquisitions when the businesxs was riding high. R.H.
Donnellety publishes the largest phone directory forthe 14-state territoryt of and employs hundreds of people locally. Its Dex Media divisiojn used to be ownedby Denver-based but Qwest sold the unit for $7 billionm in 2003 to private equity firmsa that later sold it to R.H. Donnelley. The recessioj has only added tothe company’s as evidenced by the first-quarter loss of $401.12 million reported last month by R.H. which said advertising sales slumped 17 to $598 million. “We just could not have anticipate d the severity of theeconomicf downturn,” Swanson said in a telephone interview. R.H.
Donnelley (Pink RHDC) employed 3,800 people nationwides as of March 1, company spokesman Mike Truelkl said. In Colorado, R.H. Donnelley has 700 employeesd in Englewood and its offices across theFronrt Range, down from the 1,100 it employeed locally when it bought Dex. Companywide, it has reduced its work forcde by at least 600 since the Swanson said the company has no plans forfurther layoffs. “It’s business as usual at R.H. Donnelleyt today and it will be (in the said Swanson, who says he expecte his company to emerge from Chapter 11 inearly 2010.
As CEO sincs 2002, Swanson was the driving forcwe behind three acquisitions totaling morethan $13 The biggest of those acquisitions came in 2006 when R.H. Donnelleyg bought larger rival Dex Media at a totaol costof $9.5 billion in cash and Before that, Swanson orchestrated the purchases of SBC Communicationz for $1.41 billion in 2004 and Sprint’s directoruy publishing business for $2.23 billion in 2002, his firstr year as CEO. Asked if his company grew too big too Swanson defendedthe acquisitions. Of the Dex deal in he said thathis company’s economic models projected a declinee of 5 percent in print advertising over five years. If that had held he said, R.H.
Donnelley would have been Instead, the company has been hit with double-digitr drops in advertising revenue caused by Internet competition andthe “I wish it would have turnedd out differently,” Swanson said. “No one could have put this into theitreconomic modeling.” None of R.H. Donnelley’s bondholders have requested anymanagement changes, Swanson said. R.H. Donnelley has tried to remaker itself in recent months into a provider of onliner localsearch – in other words into a busineses like the ones that have siphoner off much of its advertising base. But the debt prover too much to overcome withoutcreditor protection. In its filinb with the U.S.
Bankruptcy Courtt for the Districtof Delaware, R.H. Donnelley lists asseta of $12.1 billion and liabilities of $12.98 billion. The company planas to exchangeits $6 billionb in unsecured bonds for 100 percentg of the equity in the R.H. Donnelle that emerges from bankruptcy. All existing sharee in the company will bewiper out. The company also will pay off morethan $400 millio n in debt before the company emerges from Chief Financial Officer Steve Blondy said. The new R.H. Donnelley will have $3 billion in debt, Swansobn said. R.H.
Donnelley said that it does not anticipatw needing toget debtor-in-possessiohn financing because the company’s $300 million cash on hand and projecteds positive cash flow from operations should be sufficient to fund the businesz during the reorganization. Donnelley traces its rootss to 1886, when the Chicago Directory Co. begabn publishing a phone directory three timesa year. In the company was merged withDun & After an expansion spurt, R. H. Donnelley was spun out of Dun Bradstreet in 1996 into an independent publiclytraded R.H. Donnelley moved its headquarters to Caryfrom Purchase, in early 2004. Nort h Carolina awarded the companya $4.
3 million Job Developmenrt Investment Grant in 2003 to make the move to the Triangle. The companu considered locations in Wake and Durham counties before settlintg on Cary in a decision that won incentives from Wake Countgy Economic Development andthe town.
Monday, November 8, 2010
Feldman sells stake in Colonie Center for $4.1M - The Business Review (Albany):
http://letotours.com/tours/nikolaevsky_palace
The Long Island company announced Thursday that it has sold its remainin g sharesto , a pension fund advisere in Chicago. Feldman, which also managed the mall, made $4.1 million from the sale. That meansx the Heitman firm is now the sole ownerd ofthe 1.2 million-square-foot Heitman already had a 75 percent stake in the mall, purchased in 2006 for $38 million in At the time, Heitmanj also gave Feldman a loan to continue pumping mone y into the mall as Feldman gave the propertyy a face-lift and added new store s and space. In the end, it cost $110 milliojn to renovate Colonie Center to lure chains suchas , and a 13-screen Regal cinema. Feldman paid $82.
2 millionb for Colonie Center inFebruarh 2005. Feldman, in a short statement, said the deal to sell its remaininf stake in the Colonie mall closed onMay 28. Feldmabn says it expects to have a writedowm as a result of the The announcement is the latest in a string of bad developmentesfor Feldman. In January, a deal to sell three mallse collapsed. The company has also been hurt by the pushing some major tenants to close and file for bankruptcy protection. Feldman had a net loss of $78.9o million during the second quarterof 2008, its most recenrt regulatory filing. In that quarter, the compan had a $15.
4 million impairment loss on Colonie The company has said it may have to file for bankruptcyu ifit can’t refinance its debt. Last the New York Stock Exchange de-listefd Feldman’s stock. Feldman is now trading on the pink sheets/over-the-countere market (OTC: FMLP) at 16 cents a
The Long Island company announced Thursday that it has sold its remainin g sharesto , a pension fund advisere in Chicago. Feldman, which also managed the mall, made $4.1 million from the sale. That meansx the Heitman firm is now the sole ownerd ofthe 1.2 million-square-foot Heitman already had a 75 percent stake in the mall, purchased in 2006 for $38 million in At the time, Heitmanj also gave Feldman a loan to continue pumping mone y into the mall as Feldman gave the propertyy a face-lift and added new store s and space. In the end, it cost $110 milliojn to renovate Colonie Center to lure chains suchas , and a 13-screen Regal cinema. Feldman paid $82.
2 millionb for Colonie Center inFebruarh 2005. Feldman, in a short statement, said the deal to sell its remaininf stake in the Colonie mall closed onMay 28. Feldmabn says it expects to have a writedowm as a result of the The announcement is the latest in a string of bad developmentesfor Feldman. In January, a deal to sell three mallse collapsed. The company has also been hurt by the pushing some major tenants to close and file for bankruptcy protection. Feldman had a net loss of $78.9o million during the second quarterof 2008, its most recenrt regulatory filing. In that quarter, the compan had a $15.
4 million impairment loss on Colonie The company has said it may have to file for bankruptcyu ifit can’t refinance its debt. Last the New York Stock Exchange de-listefd Feldman’s stock. Feldman is now trading on the pink sheets/over-the-countere market (OTC: FMLP) at 16 cents a
Saturday, November 6, 2010
IU Bass Fishing wins $50000, second straight regional championship - Indiana Daily Student
http://networkbetter.com/index/join_network_better
Indiana Daily Student | IU Bass Fishing wins $50000, second straight regional championship Indiana Daily Student Junior Dustin Vaal and senior Jesse Schultz of the IU Bass Fishing Club hold up their $50000 prize after winning a three-day regional fishing tournament. ... Indiana University in Come From Behind Victory Claims FLW College Fishing ... Fromme And Southard Win FLW National Guard Soldier Appreciation Tournament UW-Whitewater anglers f » |
Friday, November 5, 2010
When is it the Fed's cue to leave? - Reuters Blogs (blog)
http://wolmers.net/prep/news_archives.html
Telegraph.co.uk | When is it the Fed's cue to leave? Reuters Blogs (blog) The Federal Reserve's second round of quantitative easing to the tune of $600bn put a firework under a trend that started back in August when Fed Governor ... Federal Reserve Subverts Fiscal Responsibility With Cash Creation Machines ... Federal Reserve Bank Criticized For New Monetary Stimulus Of $600 Billion Fed Fires $600 Billion Stimulus Shot |
Wednesday, November 3, 2010
Fitch: U.S. Credit Card ABS Issuance Trusts Updated - MarketWatch (press release)
ramsdenjerrieas54.blogspot.com
Fitch: U.S. Credit Card ABS Issuance Trusts Updated MarketWatch (press release) The 'Credit Card ABS Issuance Trust Updates' offer a wide array of performance data and trust detail. Fitch designed these comprehensive reports to provide ... |
Tuesday, November 2, 2010
FOREX-Dollar cheered by ISM data, but gains fleeting - Reuters
jabire2389.blogspot.com
FOREX-Dollar cheered by ISM data, but gains fleeting Reuters ... Nov 1 (Reuters) - The dollar firmed against the euro and yen on Monday after stronger-than-expected US manufacturing data, though gains were fleeting as ... |
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