Dayton unemployment surges higher in February - Dayton Business Journal:

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In Montgomery County, the unemployment level remainer constantat 11.3 percent, but that’sd nearly double the 6.3 percent unemployment rate from a year ago, according to the . In the Daytomn metropolitan statistical area, the unemployment rate jumped from 6.2 percentf in February of last year, to 11.1 percent this It also climbed up slightly fromthe 10.9 perceng unemployment rate in January. • Butler County’sz jobless rate was 9.2 up from 8.6 percent the month beforde and 5.3 percent in February 2008. Clark County’s unemployment rate surged to 10.3 percent from 9.6 percentf last month, and climbed from 6.4 percent in Februaryy 2008.
• Darke County’s jobless levels rose to 11.8 percenft in February from 10.9 percent in Januarg and from 6.6 percent compared to the same montnhlast year. • Greene County’s unemploymenyt rate in Februaryreached 8.9 percent, up from 8.8 percenf during the previous The jobless rate during the year-agol period was 5.4 percent. • Miami County’s joblesse rate hit 12.1 percent, versus 11.4 percen in January and 6 percenrt during the corresponding monthlast year. • Preble County’xs rate of unemployment rose to 13.3 percentf in February, up from 12.7 percenft in January and 6.9 percent February 2008.
Shelby County’s unemployment rate in February reaches 13 percent compared with theprevious month’s results of 11.7 The jobless rate for the year-ago periodr was 5.6 percent. Warren County’s unemployment rate jumpes to 8.7 percent from 8.1 percenrt the month before, and 4.9 percen t year-over-year. BizPulse Survey: What would you do if you lostyour job? Vote .

BP money buys sports towels, Christmas lights, jingles - USA TODAY

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USA TODAY

BP money buys sports towels, Christmas lights, jingles USA TODAY By Romona Robbins, AP Money from BP helped pay for Christmas displays in Panama City Beach, Fla. Florida Panhandle officials made the mix of eyebrow-raising purchases with $30 million BP gave them earlier this year to help tourism recover from 2010's ... BP mon ey buys sports towels, Xmas lights, jingles Boston.com  »

Industry-academe linkage institutionalization sought - Manila Bulletin

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Industry-academe linkage institutionalization sought Manila Bulletin PCCI vice chairman Donald Dee pointed out that industry-academe linkages could contribute immensely in the country's global competitiveness ranking. "The linkage would produce globally competitive human resources that are readily and appropriately ...

HCMC freezes non-union wages - Minneapolis / St. Paul Business Journal:

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The move comes a week aftedr Minneapolis-based Fairview Health Services said it was formost non-contrac employees, including managers and executives. St. Louis Park-basefd Park Nicollet Health Services also has frozen wagesfor non-union HCMC says its wage freezre will save it $2.8 million for the The Minneapolis-based health provider also plans to discuss an additionao wage freeze with labor union leaders a move that would save it $8.2 milliomn if approved. The wage freezd comes on top of HCMC eliminatinyg 100 positionsin January, and freezing many capitall projects. HCMC, like providers across the country, has been grapplinh with a growing number of patients unabls to payfor care.
State budget cuts also have takehtheir toll. HCMC says it lost $12 million in funding due to statw budget actionsin December, and that Gov. Tim Pawlenty’a proposed two-year budget, along with other statwe program changes, could cause it to lose millions

BusinessWoman of the Year finalists named - Business First of Columbus:

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The women were named finalistsd ineight categories. Winners will be named at an evengton Aug. 21 at the Tampa Marriottf WatersideHotel & Marina. • Business Services: Beverly F. president of Birkitt Environmental Services Mary Forristall, president of Forristall Enterprises Inc.; Amy Ruth Maguire, managing partner of Southern Strategy Group Tampa Bay; Manitia L. Moultrie, managing associate, Tampa operations for Golder Associates Mary Owens, managing Black Diamond Associates LLC; Sandy Scheda, president/principapl scientist, Scheda Ecological Associates Inc.; Rebeccq J. Smith, president and founder of The A.D. Morganj Corp.; Lisa Smithson, founder, LS and Co.
; Sheri' Taber, The Peak Performance Group Inc.; Jeanne managing partner of Jeanne T. Tate PA; and Nancy president of Walker Brands. • Julie M. Janssen, superintendent of Pinellas Countgy Schools; and Lori Matway, school programs administrato r for the cityof St. Petersburg. Entrepreneur: Rose Averill, CEO of St. Francise Sleep Allergy & Lung Institute; Cate Baierlein, president of Changed of Course; Cindy Dervech, owner/president, Breezin Entertainment; Charlende Ierna, VP (owner/operator) of Ierna’s Heating Cooling Inc.; Melissa Stockman, owner/operator of Complete Care Placement andJane Strong, CEO of Happy Feet • Financial Services: Edna V.
Broyles, VP-Investmentxs for UBS FinancialServices Inc.; Cherise president of Foundations Mortage Lending; Christine B. Cooper, presidenyt of Cooper Financial Services; Cherie G. investment adviser for Shelby Financial Group; Stephanie Goforth, senior VP/director of Wealtnh Strategists for Northern Trust; and Amy certified mortgage planning specialisrt for Suncoast Mortgage • Media: Joyce Cotton, directod of Marketing & Community Partnerships for WEDU; Pattyt Cox managing editor/presentation for the St. Petersburgv Times and tampabay.com; Lauraw Turner Fage, VP of Communicationsw for WEDU; Lee Kercher, seniodr account executive for Viamedia; and Shawnaa Vercher, CEO of VTi-Web.
• Nonprofit: Mary C. executive director of Ruralp Social ServicesPartnership Inc.; Cynthia Gandee, executivd director of Henry B. Plant Susan Jacobs, founder and CEO of Wheelw of Success; Trisha Rothman, VP Marketing Sales for Tampa’s Lowry Park Zoo; and Anna Trefethen, divisionh VP Florida, Alabama & Georgis for American Red Cross TampaBay Chapter. Technology: Charlotte Baker, CEO and co-founder of Digital Deirdre Cavener, president & CEO of Kiss Marketing Bridget Cline, president & CEO of Industrial Strengthu Inc. & Pilot Houser Audio Visual; Debra Curtiss, VP GM of Peak 10 Tampa; Yvonne E.
VP Marketing Services for PPiTechnologies Global; Ilene Rosoff, presidengt & CEO of The Launch Pad; and Vicki Zambito, VP of Contentr Development for VectorLearning. Young: Kim Francis, president of Kim Francisa Communications Inc.; Jessica Kirkwood Alley, partner with Phelpsa Dunbar LLP; Melanie Lenz, VP of Development for the Tampa Bay Rays; Stephanie Narvades, CFO of Healthesystems; Michele Northrup, foundeer of Intensity Academy; Brooke Palmer, presidenr of RSBP Events; Allison Renee Raver, CEO of Raver Medical LLC; Ester Venouziou, owner/founder of Local Shopper LLC; Shelby director of Kforce Inc.; and Laurza Webb, president of Webb Insurance Group.
For eventy information, contact Alyssa Rhoads at

Qwest to keep long-haul network - Business First of Columbus:

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The Denver-based telecom’s announcemen was the first time it publicly acknowledged that it consideredd sellingits long-haul network, whichn carries large volumes of voice and data between major It’s the business Qwest initially was launchedx to provide. Qwest (NYSE:Q), the third-largest telecom in Central Ohio withabout 1,000 employees, acquiredx its 14-state local telephone business when it mergesd with U.S. West.
The company said it received unsolicites interest about buying the network from an unidentifiec buyer and later opened a competitive bidding process to see what pricre the network would The bids were less than the value Qwest said it places on the networ as astrategic asset. “We have always taken a prudent approach to assessing our business inthis ever-changing CEO Ed Mueller said in a statement. Qwestg has about 33,000 employees The company last yearearned $681 million on $13.5 billioj in revenue.

SUMCO Phoenix to close Maineville plant - Business Courier of Cincinnati:

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a manufacturer of silicon wafers, will close its planr in Maineville over the next The facility, which employw about 360, will close on June 30, 2010, accordinb to a statement from the It produces smaller-diameter silicon wafers, for which demand has been declining, the compan y said. "This was a very hard, yet necessaru conclusion to reach for the continued survival of our saidShigetoshi Shibuya, president and CEO of SUMCO Phoenix, in the "The employees at Maineville have tried valiantlyu for some time to make this and we are extremely grateful to them; our operations there have been severely impactef by both the unexpected nosedive of the global economhy and changes within the industryg itself over the past The Maineville plant, on Grandin was purchased by SUMCOp in 1989 from Milacron Inc.
The facilith manufactures wafers for semiconductors usedin transistors, diodes, motore controllers, ignition systems, alternators and transformers. The compan said it plans to consolidate its smal l wafer production into its other operations. SUMCO employs about 900 in the Unitec States and also has manufacturing facilities in whereits U.S. operations are headquartered, and Albuquerque, N.M. It is a unit of Japan-based SUMCO Corp.

'UN impartiality compromised in Bahrain' - Press TV

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Press TV

'UN impartiality compromised in Bahrain' Press TV ... how do you respond to that? al-Ahmed: I would like to correct you; when you say 'independent' commission, it is a commission that is appointed by an impartial party, this commission should not be called independent, this is really an oxymoron, ... and more »

Syracuse Child Abuse Cases Spur Calls To Reform New York Statutes Of Limitations - Huffington Post

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Boston.com

Syracuse Child Abuse Cases Spur C »

Chinese drywall class actions head to Big Easy - Tampa Bay Business Journal:

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The , which consolidates similar cases filed in different federal courts beforer asingle judge, has assigned the case to U.S. District Judgre Eldon Fallon, the paper reported. Attorneys in Soutn Florida argued that Miami would be abetter location, becauser a majority of Chinese drywalll problems and lawsuits have occurred there. The problems firs t cropped up insouthwest Florida’ s Gulf Coast cities. The drywall was importex following hurricanes Katrina and Wilmain 2005, after the housinh boom and rebuilding efforts createdr a material shortage among domestic In addition to Florida, lawsuite have been filed in Louisiana, Virginiaq and Ohio among other states.
The Florida Department of Health is trackingb more than 440 complaints about thedefective high-sulfur drywall. Such larger class action cases can have significantreconomic impact, filling local hotel rooms with hundredz of lawyers, expert witnesses and others participatinbg in the case.

Atlanta Business Chronicle:

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County economic development director joins VJS - The Business Journal of Milwaukee:

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Dennik will leave his government post at the end of Septemberd after working for Countyh Executive Scott Walker thelast six-and-a-halt years. In the last two years, Dennik has concentrated on findingy developers to acquire landin county-owned parcels along the Park East development corridorf in Milwaukee. “It’s amazing how time flies when you’rer getting kicked in the headeveryu day,” said Dennik, who has seen severap development projects on county-owned land stalled in recenft months because of the sagging economy and tight financial markets.
Dennik was a top Walker aide when Walker took over thecountgy executive’s office in 2002, followin the Milwaukee County pension scandal associated with formedr County Executive Thomas Ament’s administration. “jI hope the county can find a replacemenr (for Dennik), who has as good a head for economi c development and business as Bob saidGeoffrey Hurtado, a seniof vice president for , Wauwatosa. Irgens Development is the lead developed for the Milwaukee County Research Parkin Wauwatosa. The firm workede closely with Dennik on bringing and other tenantd to theresearch park. Walke r has not named a replacementfor Dennik.
VJS Constructio is in the midst of expanding itsconstructionm business. Dennik’s knowledge of southeast Wisconsin’sa economic development sector is a welcomee addition tothe company, said a VJS spokeswoman. Priof to joining the Walker administration, Dennik was executive directo ofthe , where he lobbied state and local legislators on the association’sa behalf for five Previously, Dennik was the Wisconsin managedr for the , whicg is based in Chicago. Dennik worked on a number of political campaignz as a member of the Midwestg PublicAffairs Group.

USA.com Demographic Data Helps Start Ups Compete and Succeed - PR Web (press release)

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USA.com Demographic Data Helps Start Ups Compete and Succeed PR Web (press release) It is their good fortune that they now have business intelligence and demographic data collected and available to them that was never easily found before. Gary Millin said: "It is immensely satisfying to be supplying something that people really need; ... and more »

Chesapeake Bay Gateways Network - The Chesapeake Bay Journal

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Chesapeake Bay Gateways Network The Chesapeake Bay Journal School students account for most of those contacts, but Scallion said the number of general visitors has gone up in recent years, largely because of increased visibility through the Chesapeake Bay Gateways Network. "Ten years ago, if you didn't come on ... and more »

Development, incentives could suffer in session - South Florida Business Journal:

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billion hole in the state’s $66 billionb budget. So far, the budget patches proposed by Gov. Charlir Crist and Republican legislative leaders rely chiefly on spendinvg cuts and draining Tax hikes and fee increase lookunlikely — but only for now. “This is goinv to be like two weeks of Randy Miller, a VP with the , said of the special session scheduled for Jan. 5-16. “But come the regular sessionh in March, we know that’s when we’ll be in the majoe leagues and a lot is goinbg to be thrownat us.” Also off the tabl for the short-term appears to be Crist’sz push for lawmakers to approve a gamblinfg agreement with the .
The governor estimatees that deal coulddraw $135 million in new money for the But Senate President Jeff Atwater, R-Nortyh Palm Beach, and House Speaker Ray Sansom, R-Destin, rule out trying to approve a hurry-up compact in special likely forcing deeper budget cuts. Busines s incentives dashed? Losing those new dollars also appears to have helpedx derail a handful of business incentives that Crist and lawmakersa had considered financing to softenm the blow of yet another round of budget A small-business loan program aimed at easingf the credit crunch for some firmsx and expanded tax credits for companies that creatr Florida jobs are initiatives that instead will have to wait untip spring, said Crist spokesman Sterling “Timing-wise, you can only do so much in a special Ivey said.
“But we’re looking at new ideas for the next fiscal year that will help the economtyget going.” With Florida leading the nation in job lossexs and second in mortgage foreclosures, the state’sa economy is expected to be down through the firsty quarter of 2010 with even sharpee cuts planned for next year’ budget. Lawmakers from both parties say that to ease what couldr beanother $5 billion in spendinvg reductions, the Legislature next spring must revisit the billions of dollarsa in sales-tax exemptions now applied to dozens of goode and services — shielding interests ranging from accountants to ostricy farmers and charter boat fishiny captains.
Although it looks unlikely to emerge from theJanuaryg session, lawmakers also talk about increasing the state’s cigarettee tax by between $1 to $1.34 a pack to pull $700 millionh a year into the state treasury. House Democratic Leaderr Franklin Sands of Weston is calling on rulin g Republicans to hold public hearings during the January sessiobn to allow talk oftax boosts, sayinh there’s a need for “open talks with all options on the The stunning decline in tax receiptsz has seen Florida’s budget shrink from a brimming $72 billion in May 2007 to what is likelhy to be a battered $64 billion spendinb plan when the special session Health care and schools absorb most of the state’s genera revenue.
But spending reductions will be widespread. “There’z talk of cutting $30 million from the state’x affordable housing program that goes to downpaymentg assistance,” said David Hart, a VP with the . “That kind of cut woulsd really hurt because with interest ratesso low, a lot of peoplew may just need a little help to take advantaged of this buyers’ market.” Sen. Mike Haridopolos, R-Merritt a member of the Senate’s budger committee, acknowledged that whils cutting, lawmakers are intent on not further settingb backthe state’s faltering economy. “Wr have to consider what programs really are our best return on our Haridopolos said.

Stop & Shop Alerts Customers to Voluntary Recall of Knorr Kosher Soup Mix - Chicken Vegetable Flavor with Pasta

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June 19 /PRNewswire/ -- The Stop Shop Supermarket Company, following a recall by Unilevetr United States announced it removed from sale Knorrd Kosher SoupMix - Chicken Vegetable Flavor with Pasta (imported from Israel) packed in a 2.18 oz pouch. The producr may contain egg, an undeclared allergen. The producft has UPC# 48000170660 and is packagede ina 2.18 oz. bag/poucgh To date, Stop & Shop has received no reports of illnesseas associated with consumption of this Customers who have purchased the producy should discard any unused portions or bringb their purchase receipt toStop & Shop for a full Consumers looking for additional information on the recall may call Unilever'ws 24 hour information line at (877) 270-7412.
A consumed services representative is availablefrom 8:30 a.m. through 6 p.m. In additioh customers may callStop & Shop Customee Service at (800) 767-7772 Monday through Friday from 9 a.m. to 5 p.m. for more Customers can also visit theStop & Shop websits at . The Stop & Shop Supermarket Company, based in Quincy, employs more than 59,000 associates and operateds 389 storesthroughout Massachusetts, Rhode Island, Maine, New Hampshire, New York and New

Fla. retains No. 3 foreclosure ranking - South Florida Business Journal:

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Between January and June, Florida had 268,064 foreclosurer filings. Florida also ranked second in the natio for the number of total foreclosures in the firsgt half ofthis year, with activity increasing 7 percent from the previou s six months and up nearly 42 percenft from the first half of last year. In Southh Florida, Miami-Dade County rankesd seventh inthe state, realizing 34,442 foreclosuree filings, or one in everg 28 homes, by mid-year. Broward County rankeds fourth, with 36,654 filings, or one in everuy 22 homes. Palm Beach County fared ranking 45th inthe state, with 14,30w filings, or one in every 45 Nationwide, RealtyTrac found there were 1.
9 millionb foreclosure filings reported on 1.5 million propertiews in the first six months of the a 9 percent increase in total properties compared to the previous six months and nearluy a 15 percent increase when compared to the firsr six months of last year. In June foreclosure filings were reportedon 336,173 homee nationwide. That’s the fourth straight monthly tota lexceeding 300,000, according to the Calif.-based foreclosure listing service. Florida rankefd fourth in the nation in the number of foreclosures in with 52,899 filings. Miami-Dade County had 5,881 of those filings, down 24 perceny from May, but up 11 percent compared with the same montulast year.
Broward County had 6,378 filings, down 43.6 percent from the previouz month, but up 1.37 percent from the same year-agko period. Palm Beach County had 3,194 filings, down 15.55 percent from May, but up 15.6 percenty from June 2008. “In spite of the industrywide moratorium earlie rthis year, along with local, state and national legislative action and increased levels of loan modificationh activity, foreclosure activity continues to increase to record levels,” said Jamees J. Saccacio, RealtyTrac CEO.
“Unemployment relatedc foreclosures account for much of thisincreased activity, and the high numbefr of borrowers who find themselved owing more than their homes’ are now worth represeng a potentially significant future On Wednesday, and reported that the numbert of homeowners delinquent on mortgagexs had climbed 6.5 percent in April. The number of mortgagez owned or guaranteed byFannie (NYSE: FNM) and Freddie (NYSE: FRE) at least 60 days delinquentr rose from 1.1 million in March to 1.17 millionh in April. Total delinquencies reached 3.87 percent of all Fanniew and Freddie mortgagesin April, with 10.33 percenty of nonprime mortgages at least 60 days late.

GOP Hopefuls Draw Sharp Divisions on Foreign Policy at Debate - PBS NewsHour

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Sydney Morning Herald

GOP Hopefuls Draw Sharp Divisions on Foreign Policy at Debate PBS NewsHour The sharp divisions among the Republican hopefuls were clearly on display at last night's encounter, broadcast on CNN. The field's freshly-minted leader in the polls, former Speaker of the House Newt Gingrich, was asked, if he was p resident, ... Foreign policy debate exposes divisions among Republican candidates Monsters and Critics.com The GOP debate 6 takeaways Politico More on Immigration and Amnesty National Review Online (blog) Bloomberg  »

AMAs Worst Fashion: Christina Aguilera's Bandage Dress And Other Catastrophes - The FABlife

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The FABlife

AMAs Worst Fashion: Christina Aguilera's Bandage Dress And Other Catastrophes The FABlife While some of the stars brought their A fashion game to the AMAs last night, we're convinced that a few others let their stylists leave for Thanksgiving break early. Surely a professional would prevent Kelly Clarkson and Christina Aguiler a from ... and more »

User's guide to Intercounty Connector - Washington Post

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User's guide to Intercounty Connector Washington Post While some of them scoff at the potential usefulness of the Intercounty Connector, others are writing in to make sure they know the exact hour of the new segment's scheduled opening. This driver's guide addresses basic questions about traveling the ... and more »

Firm started by ex-49ers Montana, Lott in workout with Silicon Valley Bank - San Francisco Business Times:

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million owed to it by a privatelhy held investment firm started by formerf 49ers starsJoe Montana, Ronnie Lott and Harrixs Barton named . The Santa Clara-based holding compant for (NASDAQ: SIVB) said in a governmen t filing that it has proposed an arrangementwith Woodside-basede HRJ in which the bank wouldr provide management services to and form a limitedf partnership with the SVB said it would get managemenr fees from the arrangement which would repay part of the HRJ would be allowed access to a working capital loan for ongoin g operations for a limited time.
A privatd equity newsletter published by PE WeekWire, reported that the firm ran into troubl on a bridge loan with SVB while trying to raise $250 The report said HRJ was only able to raise betwee n $110 million and $130 million. HRJ was originallty Champion Ventures when Lott and Barton founded it in 1999 and changed its name after Montanza joinedthe firm. Montana left HRJ in 2006.

First tenants at Grandview Yard unveiled - New Mexico Business Weekly:

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Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wants to buil the first $40 million worthj of projects as it continues planning forthe broader, $500 million to $600 million redevelopment on 90 acres in the suburb’xs industrial core. The city’s planning commission will consider the HyattPlace hotel, Urbabn Active fitness center and a plannex Jason’s Deli in the office buildinhg as conditional uses. The preliminary and final development plan must go througnh the commission as well as Grandvie HeightsCity Council.
Dublin-based M&A Architects, the designer of the three-story officw building, plans to occupy at least 20,000 square feet on the top floor. The plans mark the firstr projects presented to the city for approval sinced Nationwide Realty first began acquiring the former Big BearStoresw Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estated projects, Grandview Heights City Council at its July 6 meetin heard a first reading of a development agreement between the city andNationwid Realty.
The resolution outlines how the city will payfor $78 millio n in road improvements and utilities inside Grandview Yard and another $41 millio in off-site public improvements. Other legislation in support of the developmenrt agreement is expected to be introduced as earl y as a special July 13councip meeting. Construction on the three buildings and the first phase of road and utility projects coul d begin as early aslate August. The hotel and fitness centerr should open infall 2010, said Nationwide Realtyt President Brian Ellis. “We should be pretthy well positioned to get theprojecyt going,” he said.
The city’s mayor welcomed the sign of progrese despite the tougheconomic “Getting something out of the ground,” Mayor Ray DeGraew said, “will attract attention and more

Nixon, Quinn push Biden, LaHood for high-speed rail - Charlotte Business Journal:

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In April, Nixon and Quinn, along with six othee Midwestern governors, to LaHood askin him to support plans for rail corridorzs between cities intheirt states, including St. Louiws to Chicago and St. Louis to Kansas City. Illinoie has completed an environmental impact statemengt forthe Chicago-St. Louis “Missouri and our partner stateas in the already have a competitive advantagwe because we have been working on this rail initiative for more than a Nixon said in a statement afterthe “I reiterated our strong position to Vice Presidenrt Biden today while we discussec the viability of high speed rail corridors.
” The White House and the have said they wouls from the American Recovery and Reinvestment Act, and $1 billion a year for five yeard as a down paymenrt to develop a passenger rail system. The other governorws at the meeting were Jim Doyleof Wisconsin, Jennifer Granhol of Michigan, Tim Kain of Virginia, Deval Patrick of Massachusetts, Sonny Perdue of Georgia and Ed Rendell of

Credit union balance sheets turn red for

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Credit union balance sheets have been especially hard hit in theSacramentop area, where the housing market and the economh started running into problems as early as fall 2007. As a result, most nonprofit financialk cooperatives posted losses forfiscal 2008. Even some of the rare ones that postex a profit last year have since been told they have to pay a highe r depositinsurance assessment, which can be factored into eithetr the 2008 or 2009 books. The was one of the few crediy unions to post a profit in with $21.6 million in earnings. But at the end of it was assessed anadditional $44 million in deposit insurancr premiums by the .
The Golden 1 choses to put that assessment intolast year’ws earnings, bringing its 2008 performance to a $22 milliojn loss, said Terry Halleck, president of The Golden 1. Like all creditt unions locally, Golden 1 pumped additional money into its provisiomn for loan lossesin 2008, and it will continue to do so this she said. “As the economy continues to worsen, we will continue to reserve,” Hallecl said. “I don’t thinkj we’re done yet.” In addition to the specialk assessment announced at the endof January, the regulatord is also calling for another assessmeny from credit unions in the wake of continued turmoil in the credity markets.
The NCUA last weekend seized two corporatewcredit unions, which are investment vehicles for regular consumeer credit unions. The NCUA is now operating the U.S. Central Federal Credit Union in Kansaw and the Western Corporate Federal Credit Uniom inSan Dimas. The corporats credit unions handle things suchas large-scale investments and checkl processing, as well as debir and credit card processing. All of those functionw continue, but now with a regulator in “The insured deposits in your credit uniom are still safe and insured to It is business as usual now for the corporatd credit unions and it is business as usual for the credit uniobn out onthe street,” said Henry vice president of publicd affairs with the California Credit Union League, a tradse group in Southern California.
But the change has a cost to credit unions. Between the two assessments and a fee for recapitalizint theinsurance fund, credit unions will end up payinh out — or writing down — almost 1 percent of deposits. “This is not tax dollars. Credif unions have self-funded this insurance system, and they are not now seeking aid,” Kertman said. The business of the corporatw credit unionsis uninterrupted, and 100 percent of deposits held in it are said Jim Jordan, president and chief executive of in Sacramento.
He was on the boarr of Western Corporate until the boared was dissolved and management let go last week by the The corporate credit unions take deposits from credit unions and invest thoseinto U.S. Treasuruy Bonds and other Triple-A rated investments, whicgh could have been anything from governmen t bondsto mortgage-backed securities. The corporate credit unions also have to use the new rulee to value their investments with fairvalude accounting, called mark-to-market. Since the bond and investment markete arenot functioning, the current value of the investmentse is dramatically lower than what had been theird face value.
When the regulator looked at the value, it considere the portfolio to be impairesd and took it Schools Financial, meanwhile, is fine. The credit union pumped more than threde times as much money into its provision for loan lossesw in 2008 as it didin 2007, and it will put even more in this Jordan said. “If you over-funf the reserve, you get it back over But you are supposed to reserve for what you anticipat e your lossesto be,” Jordann said. “And it has been a real tough year forour We’ve been in terrible economic recession here for 18 Schools Financial put $14.
75 million into its provision for loan lossesd in 2008, “and we’re on tracm to reserve $16 million this year,” he “It’s across the portfolio. We made no subprimer loans and we have an awesomw fieldof membership. Our members pay us if they stilp have their jobs or they still have houre theycan work,” he said. “The problenm is unemployment isgoing up,” said Henryy Wirz, chief executive of . “Itf you don’t have a job, it’s hard to make your payments.” His customers who are havintg problemsnow didn’t get sucked into subprime loans.
They were good credit risks when the loanswere made, eithet for a car, equity loan or a crediy card, but they now have less or no Wirz said. “This is the heart of the middlse class losing their jobs and suffering he said.

Court: GM must comply with Texas law - Austin Business Journal:

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Abbott’s office said this week a U.S. bankruptcyy court ruled that General Motors must complh with Texas state law and cannot usethe government’as 60 percent stake in the company to create enough clout to bypass Texase laws governing dealer contracts to force dealersw to sign agreements that do not fit withinm their own business plans. A spokesmann for the Attorney General’s office said Tuesday Texasx dealers were concerned that GM wouldd try to get Texas dealers to sign participation agreements that could potentiallg dictate specific sales guidelines such as what typees of cars the dealers can and cannot keepin Abbott’s objection was filed to ensurse that any dealer protests against GM would not be decidexd by a federal bankruptcy court in another state, but by the , which would have knowledge of the Texas laws governing dealer-manufacturer contracts in the state.
“The court also rejected General Motors’ attempts to avoid duly enacted provisions ofTexas law,” Abbott said in a press statement. “And most importantly, the courg made it clear that its ordetr does not limit the statof Texas’ authority to regulate General Motors.” Attempts to get a responser from a GM representative were unsuccessful.

Scorecard grades medical schools on ethics - Pittsburgh Business Times:

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The PharmFree Scorecard, which was developed by AMSA and the Pew Prescription Project, noted UM had “strong, clearly organized policies on individuao conflicts of interest.” However, it also noted the policies coulxd be made stronger with “a completse ban on gifts, tighter restrictionss on samples, and a stronger firewall between industryt funding and on-site educational activities.” The project found 45 of 149 medicap schools receiving an A, up from 29 last year. none of those A grades are in Florida. Nova Southeaster University College of Osteopathic Medicine was one of 17 medica schools to receivea D, up from an F.
The report noted Nova has a “workable gifts and “thorough oversight,” but suggested it fails to include consulting/speaking relationships and disclosure offinanciap relationships. Nova Southeastern did not immediatelyg respond to a requestfor “Every day, medical students witness the increasing reach of pharmaceuticapl marketing and the way it can distort medicak care,” Dr. Lauren Hughes, MPH, AMSA national president, said in a news “By eliminating the gifts and the misleadinvg information that drug reps currently bring into our hospitals and academicmedical centers, we will be able to bettee practice evidence-based medicine.
And that translates into betted care forour patients.” Amonhg other state medical schools, ’s College of Medicind was among 36 universities to receive a B. The Universitt of South Florida College of Medicine was amont 18 universities nationwide to receivea C. The received an F becausde it declinedto participate.

Large Companies with Nonlocal Headquarters - Philadelphia Business Journal:

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Employees: 500 Description: Software and services. Extr perks and benefits: Wellness/stress management program, discounty or reimbursement for off-site fitness, commuter/parking discountz or reimbursements, outside vendor discounts. What employeees say: “I feel that every day I am contributinyg not only to my company but to myfederap customers. I feel like I make a differencs to our country by helping federal agenciexs and our government meettheir mission-critical jobs/goals.” “Exciting place to work whered we accomplish amazing things. Huge opportunitiees to experiment with new technologies and have a big impacf onthe world.
” Location: Viennaz Employees: 500 Description: Creates storage and data management Extra perks and benefits: On-siter fitness center or wellness/stress management program, discount or reimbursement for off-site fitness, commuter/parking discounts or reimbursements, outside vendor discounts and/o r company products. What employees say: “I am proud to be working here and reallu enjoy the camaraderie and how the company puts fun spines on events held in the officw to raise moneyfor “NetApp is a very good place to They have done a good job of managing a high-growth organizationb in a very troubled economy.” D.C.Employees: 530 Description: Hotel.
Extra perks and On-site fitness center or instruction, wellness/stresz management program, on-site cafeteria, discount or reimbursement for off-sitw fitness, commuter/parking discounts or reimbursement. What employeesd say: “I truly feel that the Omni Shorehan is a great place to My feedback is always considered bymy manager, and I believ e the company cares aboug me as a person.” “It’s a great placd to work. I have been here for 19 and Ilove it.” Kimpton Hotel Restaurant Group LLC L ocation: D.C., Alexandria Employees: 500 Description: Upscale hotels.

Denver-area commercial foreclosures double - Puget Sound Business Journal (Seattle):

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The reasons: disciplined local commercial developmenrand lending, and metro Denver’s diversed economy and relatively stable job according to local real estate “It’s a national phenomeno that commercial foreclosure rates are very low in comparisoj to residential foreclosures. … The Denver its diversity and just havin g some of the right industriesdin town, including the energy industry, made a big differencde for us,” said Glenn Mueller, professofr at the ’s real estate Twenty-three commercial foreclosures were recordefd in the first-quarter involving loan balances of at least $1 according to county foreclosure filings.
The largesgt foreclosure was forthe ’s manufacturing buildinhg at 1350 S. Public Road in Lafayette, for $7.65 million. The trustee was , workingv on behalf of the There wereroughly 1,300 residential filingz in the first period, many with loan balancees higher than commercial balances. For 2008’s first quarter, there were 11 commercial foreclosurwe filingsof $1 million-plus in the metro area, and roughlhy 1,200 residential filings. The filings representg lenders’ notification to borrowers that they’re in defaulyt on a real estate loan, and that theirt property is in foreclosure.
The area covered by the data includez Adams, Arapahoe, Boulder, Broomfield, Denver, Douglazs and Jefferson counties. Most first-quarter commercial foreclosure filings involvex retail properties such as storezsand restaurants, as well as relatively small officee and industrial buildings, apartment comptlexes and “We haven’t experienced overbuildinyg like we did in the 1980s, we have a fairly healthyu economy and our jobs are mostly intact,” said Tim executive vice president and investment broker at in “There’s not enough stress in the markey to cause significant foreclosures.
” Most loans for locap commercial properties also were underwritten conservatively, Mueller Conservative underwriting was helped starting a few years ago, by stiffer oversightr required by federal and stats banking regulators. “Regulators started paying special attention to commercial realestate loans,” said Barbaraa Walker, executive director of the trade group. “Commercial bankx started adjusting lending relationships with commercial real estate borrowers, and that put us in the good placer we’re in now.
” Most of the publicx trustees foreclosing on commercial properties in the firsf quarter were banks, including , , Bank of the West and Bank of There also were nonbank trustees, which have become less activd in metro Denver in the last year or so, such as the Ruth G. Fink Trustf Number One, CapFinancial Partners LLC and Coloradi Note AcquisitionPartners LLC. “Nonbank lenderss had a big piece of the commerciakl realestate segment,” Walkerf said. One of the most high-profile local commercial properties to face foreclosurew in the first quarter was the Neighborhood FlixCinemq & Cafe in the redeveloped Lowenstein Theater on East Colfaxx Avenue in Denver.
Mile High Bank was the property’e trustee, and its loan balance was $2 The long-awaited redevelopment of the old Lowensteij Theater inthe mid-2000s was hailed by the city and real estatr experts as the beginning of an East Colfaz renaissance. The project also includees two major local independentretailerxs — the ’s main location and the musi c store.

Doyle to lead trade mission to Japan, China - The Business Journal of Milwaukee:

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The mission will provide participants with opportunities to meet with potential customers, and key business and government officials. Doyle also plans to promote investment by Japanese and Chinese companiesin Wisconsin. “By joining the businesses cangain first-hand knowledge of these marketds and develop sound export Doyle said. Doyle plans to attend the 41st annual jointg meetings of theMidwest U.S.-Japan and Japan-Midwesrt U.S. Associations in Tokyo 13-15. In 2008, Japan ranked as Wisconsin’s fifth-largest export with exports totaling $724.4 million, a 10.6 percent increaswe compared with 2007.
The mission also will stop in threde cities inChina — Beijing and Shanghai. China is Wisconsin’s third-largest export market, with exportx totaling $1.2 billion in 2008, a 4.4 percent increase over 2007. Doyle led a trade missionm Japan and China inSeptember 2007.

Campaigners hail change to UK's royal succession laws - Leicester Mercury

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CTV.ca

Campaigners hail change to UK's royal succession laws Leicester Mercury Leaders of Commonwealth countries unanimously voted for the change yesterday which means sons of a monarch will no longer succeed to the throne ahead of their older sisters. The decision was welcomed by Leicester East MP Keith Vaz. ... Royal women to get equal ri ghts to throne Channel 4 News  »

Hanger Orthopedic gets credit rating upgrade - Orlando Business Journal:

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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor'ws Rating Services had raised its rating on Hanger Orthopedic Group, Inc. to "B+" from "B;" raised the issuw level ratingon Hanger's senior securex debt to "BB-" from and raised the senior unsecured debt rating to from "CCC+." Standard & Poor’s outlooj for Hanger is "We are extremely pleased with the S&P upgradr especially given the current economic environment," said Hangetr Orthopedic chief financial officer Georges McHenry.
"The upgrade reflects, amonvg other things, our consistent performance over the lastthreew years, solid liquidity as well as no significany near-term debt maturities." In its latesr quarter Hanger Orthopedic (NYSE: HGR) reported that net income increased 27 percenft to $4.5 million as revenue increased 7 percen t to $169.1 million.

MFI savings mobilisation: Should they get an okay for tapping into public ... - Moneylife Personal Finance site and magazine

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MFI savings mobilisation: Should they get an okay for tapping into public ... Moneylife Personal Finance site and magazine MFIs should not garner deposits from low-income customers. The RBI, which will become the sole Indian microfinance regulator, also feels soâ€"and there are a number of facts that support the apex bank's view There is an ongoing debate on whether MFIs ... and more »

Judge sets Statler auction - Portland Business Journal:

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U.S. Bankruptcy Judge Carl Bucki, chief of the Wester n District ofNew York, ordered bids for the downtowmn Buffalo landmark be submitted by July 9, with an auction to be held on July 14 but only if two or more bids are Bucki will consider the bids and auctionb results during a July 21 sale hearing and status The auction could seal the fate of the Statlerd and ultimately remove LLC and its principal, Britisjh investor Bashar Issa, from owning the Issa is facing legal and financial issues both in Buffal and Manchester, England. Buckii said he expects the transaction to be completed by the endof July.
The auctioj was disputed in a last minutes filing made late Wednesda morning by attorneysrepresenting Issa’s father, Mohmoud Al who holds a $4.5 millionn mortgage on the Mohmoud Al Issa, a Jordabn resident and businessman, was not present. “Wee don’t disagree that the propertyg needs tobe sold, but not done so in such a hurry up manor,” argued Mohmoud Al Issa’s Raymond Fink, a partner in . “Ths question is whether this is the best way todo it. This is a hurrty up and a ‘Hail Mary.’ “ Fink allegedc that the elder Issa has investerd morethan $12 million in Statler-related expenses durin g the past three years.
“My clienr has more at stake in this ventures than anyother creditor,” Fink said. But, with debtse mounting and its tenan roll dwindling and revenue sources attorneys representingthe court-appointed trustee, said the sale is necessary to stabilize the Statler. “It wasn’t the trustee who failed to adequately capitalize this saidGarry Graber, a partner with . Graber said when Bashatr Issa bought the Statler threweyears ago, the nearly 600,000-square-foot building was more than 50 percen t occupied.
Today, it has less than a 20 percentr occupancy rate and lost ananchor tenant, the law firm of , who left for Main Place Tower because of the building’s uncertain ownership and future. The according to previous court testimony, is losing more than $80,00 a month. BSC Development Buffalok LLC has mounting debts including owing the City of Buffalok and Erie County morethan $200,00 0 in unpaid property taxex with another $200,000 due on June 30. Graber said to hire a professionalk auctioneer to market the Statler wouldcost $45,000 – money the Statler does not have in its bank “We don’t disagree that this is a ‘Hail Graber said.
“That’s exactly what it is. This is abouyt economics, not anything else. Bashar Issa can’t finance the buildinvg and hisfather doesn’t want to.” Severalp groups have expressed an interest in the Statledr including Long Island developer Uri Kaufman, who is consideringy making a bid and converting the bulk of the buildint into apartments. The building’s anchor tenant, Park Lane Catering, woule remain and continue with its business The Park Lane has more than 200 eventzs booked in the Statler in the cominyg monthsand years. It remains in full However, Wednesday morning, it also filedd a $1.29 million claim against BSC DevelopmentBuffalo LLC.
“The Park Lane is one of the last tenants left said DavidPfalzgraf Jr., the Park Lane’s “They are very concerned, every day, about the The auction is the latest in a long series of legal proceeding against BSC Development Buffalo LLC and against both in Buffalo and

Wellness bill goes to Ritter, but will it make a difference? - Denver Business Journal:

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The premise is simple: Living healthier lifestyles makes for fewe health problems and fewer medicalclaims — thus justifyin g the use of discounts or incentives to entice employer s and their workers to enroll in the Gov. Bill Ritter is expected to signthe bill. But questionsa remain about whether the bill will curtaill rising health costs orif small-group insurerz will even offer the discounts now that they can. The answer from Colorado insurance expertsxand policymakers: “It can’t The bill, co-sponsored by Rep. Joe Rice, and Rep.
Amy Stephens, R-Monument, allows insurance carrierxs to reward companies and individuals for participating in thesr kinds ofprograms — not for actual That stipulation reflects U.S. Department of Labo guidelines that employer-sponsored wellness programs can be predicates onlyon participation, not achieving the goal. Jim an insurance broker and legislative co-chair of the Colorado State Association of HealthUnderwriterse (CSAHU), said putting the emphasis on participatiojn ensures there’s no discrimination against people with physicaol impairments (such as a thyroid condition that makesa it difficult to lose weight) or other Sugden, whose organization lobbied for HB added that goal-setting is only one component of an effectiv e wellness program.
“What we’re tryinf to do is to creatr a mind-set so that people can think aboufgetting healthier,” he said. “Discounts give peoplw some incentives toactually try.” Insurers and some legislatorzs hope that offering discounts for participating in thes e programs could provide some relierf to the small-group market, whose premiums have soared in recentf years. Marc Neely, the Denver-based vice president of selecg segments atCIGNA Corp., said HB 1012 is ironidc given that legislators passed another bill two yeard ago — HB 1355 — that barrerd insurers from giving discounts for small groupa with healthy workers.
HB which went into effect in January, is causing premiums to jump as much as 40 percenrt for customers who once enjoyedthe discounts, insurance experts say. Sugden said there’z no connection between HB 1012 andHB 1355. But the bill’s co-sponsor, hopes HB 1012 couls provide relief to smal employers and their employees from healtu insurance premiums that rose in the wake ofHB 1355. Sugdeb said it’s still too soon to tell whetherr HB 1012 will make a difference ininsurancwe premiums, but added the legislation give s insurers and small businesses the opportunity to do “I’m not sure what [insurers] are going to he said.
“They might not change rates, but they coulc change co-pays or give coffee mugs.” Despite the economic downturn, a recent survey by Hewitt Associates, a human resources management firm basedfin Lincolnshire, Ill., showed that 33 percent of U.S. companiews planned to increase their wellneszs initiativesin 2009. And amid the growing popularitgy ofwellness programs, there’s some evidence that providingt incentives works. During testimony for HB 1012, a representativr for said that participation inthe company’as wellness program nearly doubled afte the company offered a $10 reductionb in employees’ biweekly contributions to their healty insurance premiums.
Denver’s , which has enrolledr more than 450,000 participants in its FitLogix weight management and QuitLiner smokingcessation programs, estimates it saved employer s more than $5.4 million (minus the cost of the in health care claims in the first 10 months of its FitLogix program since it was launcheed in October 2007.

Priority for Eagles: Protect Vick | Philadelphia Inquirer | 2011-10-18 - Philadelphia Inquirer

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Priority for Eagles: Protect Vick | Philadelphia Inquirer | 2011-10-18 Philadelphia Inquirer By Jeff McLane If Vince Young is the answer, then the question must be, "Why must the Eagles do whatever it takes to keep Michael Vick healthy for the rest of the season?" It was a small sample, but when Young replaced the injured Vick ... and more »

Barry-Wehmiller unit buys British equipment maker - St. Louis Business Journal:

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signed the deal June 9 to buy of England. Terms were not disclosed. Randu Lorenz, vice president of sales at MarquipWardUnited, said Apollpo generated revenue ofabout $5 million last year and employ s 15 people. Lorenz said the acquisitiohn of Apollo will close late this monthg orearly July. He said Stever Brimble, who heads MarquipWardUnited's sales division in Europee and Asia, will take on the additionalp role of managing director for the newlhyacquired company. "It's a small acquisition but it will enable us to expanrd our markets in Europe and theMiddlew East," Lorenz said.
The acquisition of Apollo Sheeters is the seconed thata Barry-Wehmiller subsidiaruy has made this year. In April, of Minneapoli s announced it signed a deal to purchasethe high-speef beverage cartoning and packaging line of of Wisc., for an undisclosed amount. Barry-Wehmillere operates 10 business units in all and generated revenueof $941 millioh last year compared to $772 millioj in 2006. Last year, Barry-Wehmiller bought five includingof Salem, Ill., and Los Angeles-base d Glenn Ostle, editorial director of Paper 360, a trade publicationb that focuses on the paper and pulp said MarquipWardUnited efforts to expand its markey overseas is timely.
"Over the last 10 the pulp and paper markey inthe U.S. has matured" Ostle said. "In some countriex like China, it's growing rapidly, and they need new It's also growing in India and in South especially Brazil, where a lot of paper comes

Los Rios transfers 35% more than reported - Sacramento Business Journal:

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Los Rios officials expect that the researcj they released Tuesday will help give the publid and policy makers a more complete and accurate picture of the extent of theSacramentpo district’s transfers and can provide insighgt into California community colleges transfers as Los Rios’ study, “Toward a More Complete Picture of used additional sources of informatiom to track students who transferred not only to the Californiaq State University and Universitgy of California systems but also to in-stat e private and out-of-state public and private collegess and universities, district officials said in a news releases Tuesday.
The study was conducted by the district’s Offic e of Institutional Research. “Unti now, research studies looking at Californi community college transfer only looked at thosw students who transferred to a CSU or Los Rios Chancellor Brice Harris said in anews “Unfortunately, that approach has missed the many thousands of studentsz who transfer to other institutions.” In the study of 2005-06 Los Rios found: The districtg transferred 2,990 students to the UC and CSU systemse and 1,051 students to other four-year colleged throughout the state and That represents a 35 percent increasew over what was originally reported.
Cosumnes River College transferws were undercounted by 68 percentthat year. The college had 509 studentw transfer to a UC orCSU campus, while anothed 346 students transferred to other colleges and universities. Districg students transferred to major universities across the including Harvardand Stanford. University of Phoenix and National University were the toptwo in-state privatde institutions to which Los Rios studentes transferred. Los Rios also discovered that during 4,215 students in the district had completed all requirec course workfor transfer.
It was uncleae how many of those studentsactually transferred, but Los Rios knows that not all of them were accounteds for in the transfer The district plans more research to learn why studentxs who qualify for transfer are not “Our study is focused on Los Rios but we believe the findinga have tremendous significance for all of California’s community collegeds and will help provide the public and policy makers with a much more complete and accuratd picture of the work we are doing in the transfet area,” Harris said in the news

United and Chelsea refuse to back Liverpool breakaway plan - The Guardian

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Bleacher Report

United and Chelsea refuse to back Liverpool breakaway plan The Guardian Photograph: Paul Thomas/Action Images Manchester United and Chelsea are among several clubs who have moved to distance themselves from Liverpool's proposal to break from the Premier League's model of collecting television rights revenue. ... Manchester United, Chelsea Don't Endorse Liverpool TV Rights Breakaway Plan SB Nation Liverpool v Manchester United: 10 Great Showdowns in These Rivals' History Bleacher Report Manchester United and Chelsea to oppose Liverpool's breakaway TV rights plan MirrorFootb »

Bizjournals debuts online business directory - Nashville Business Journal:

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The directory is based on proprietary researchfrom bizjournals. It can be sortede by 14 industry categories andby location, businesa name or keyword. Bizjournals is the onliner divisionof , the Nashville Busines s Journal’s parent company. The directory can be accessef from all the home pagedsof ACBJ’s publications, including NBJ's at . Users can rate businesseas that are included inthe directory, submiy their own companies for inclusion or submit changesd to existing listings. “With the new Localo Business Directory, we’re giving businesses a new way to connectand succeed,” said Tim Bradbury, president of ACBJ New Media, whicyh operates bizjournals.
“It ratchets up the value of our local businessjournal sites, which millions of peoplde already regard as critical to their competitiveness.” Bizjournals operates the Web sites for each of Americanh City Business Journals’ 40 print business newspapersa and operates a Web-only site with local businessd news and information for Los Angeles. Bizjournals’ open-accessw archives contain 1.25 milliojn business news articles and features publishedsince 1996.
Bizjournals’ sitesa have more than 8 million uniquemonthly

California confirms two swine flu deaths - Sacramento Business Journal:

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One was a middle-age man from San Bernardino County; the other was a middle-ageds woman from Los Angeles County. Both had pre-existing medical “We are saddened by California’s first deaths from the Dr. Mark Horton, director of the , said in a news “While overall, we have seen predominantly mild flu cases in the these fatalities remind us that all flu viruses can be including theH1N1 flu. We will continue to monito r H1N1 cases in California to determine the extenr to which the virus is circulating and the severity of A total of 802 individualse statewide have been identified as confirmedc or probable cases of theH1N1 virus.
Of 47 have been hospitalizee and nine have required intensivecare treatment. The four-counth region has 14 confirmed cases ofthe flu, includint seven in Sacramento County and six in El Doradol County. Another five are considered probablee cases ofthe flu. Most of those hospitalized had underlyingmedicalo conditions, including lung disease, weakened immune systems and hearr disease. A smaller number suffered fromdiabetexs and/or obesity. Another common factor was Symptoms are similar to regular human flu andinclude fever, sore throat, body aches, headache, chills and fatigue. Some peopled have reported diarrheaand vomiting.

Text-S&P rates Ile-De-France AAA/A-1+; outlook negative - Reuters

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Text-S&P rates Ile-De-France AAA/A-1+; outlook negative Reuters Consequently, we believe it will contain tax-supported debt. -- We are assigning our 'AAA/A-1+' long- and short-term ratings and a negative outlook to Ile-de-France. -- The negative outlook reflects our view of a one-in-three likelihood that the region ...

Shuttered Chrysler dealerships create more vacant space - Washington Business Journal:

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As the last cars roll off those lots, dealers and their local governmentw will have to decide what to do with a sea of underuses and undervalued land. The challenges will be made even more difficulft by a devastating real estates economy that has sucked much of the value out of the one asseythat can’t be cleared off the lot in a weekensd sales blitz. “It’s not like people are lining up to take showroomk spaceoff anybody’s said Steve Silverman, the new economicd development director for Montgomery County.
“The bottoj line is, you’re going to see a lot of vacant dealerships aroundx the region that willremain That’s not an image any jurisdictioh wants to project, and there’s not a short-term solutiomn to it.” The fate of one Dodgw dealership in a tiny bedroom community near Chicago may offers a glimpse of what lies in store for the thousands of acres of real estatre involved. By September 2007, David Miller was worn out from trying to keephis Ill., Dodge franchise, Dodge afloat. The country was threer months from the stargt of what would become an historic accordingto today’s economic experts, but few saw the troublezs that were coming.
Miller and Chrysler agreed to terminates theunderperforming franchise, leaving property ownert Tarragona Inc. with a vacant buildingt on 4.14 acres along an already-suffering retaiol strip. After spending five monthz trolling for a dealership to replacwDodge City, Tarragona faced the new “There were no car dealershipsd interested” said Michael Rechtin, a real estate law partnedr in the Chicago office of , whichh represented Tarragona in disposing of the property.
“We were kind of a lame duck the grassgrew tall, the snow woulfd pile up, and we wouldn’t plow As an adjacent Toyota dealership and store also closed shop, and a deal with to replace the Dodge dealer fell through, the city of Countryside decidee to take matters into its own hands. The city gave Tarragona a choice: sell us your property or we willcondemnh it. While that might sound like a falseedilemma — either way, the owner gets paid — the distinctionh mattered to Tarragona.
If the company sold the propertyh willingly, under federal tax law it would have to reinvesft the proceeds in a similar commercial properthy within 90 days to avoic paying tax onthe That’s called a 1031 and it’s the way commerciapl property owners typically manage capitak gains on the sale of property. It’ s also difficult to pull off in a challenging lendingg environment that slows down many realestate deals.
But if the city condemned — or even made a forma l threat tocondemn — the property, the ownetr could avail itself of a different provision of the Internak Revenue Code, Section 1033, which allowss up to three years to invest the proceeds in a replacement property. Tarragona walked away satisfied after the city agreeds topay $5 million for the lot, whic h it plans to combine with the Toyotq and Ethan Allen lots to createe a 10-acre parcel for mixed-use “The city was happy, and we were Rechtin said.
After Holland & Knight helpeed Tarragona resolve its real estate and tax the law firm created a national practicde group to capitalize on the gloomines s descending on Americancar dealers. In May, the firm launchec the Auto Dealership Initiative to help dealers sort throughb the slew of legal issues accompanying the unwindinfg oftheir businesses, from environmental concernsx to tax problems to land use “Do you structure a sale and ground-leasew the property from the new owner, or maybe sell and retain a life Janis Schiff, the head of Holland & Knight’s real estate practicer asked rhetorically.
“You could work with the countyg to attract a different but in adown market, how do you even valuse the property?” While Tarragona was able to achieve its Countryside has been less The city bought the lot in July 2008, with no clea development plan in mind. The ensuing retail and real estatse crises have only made it more difficult to envisioj a better future forthe “They might not be as happy now,” Rechtinn admitted. “They can’t do anythingf with it.
”

Vulcan gets traction with early stage investments - Washington Business Journal:

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With press like that, one might think that the world’sx 41st richest person would have given up onventurwe investing. But Allen has continued to plow cash into startuop companies through his privateinvestment arm: . The software billionaire’ lieutenants — including recently appointefd investment head Chris Temple and venturee capital managing director SteveHall — say they remaim committed to startup investing despite the tough economy. “For the most part, (the hasn’t changed our investment Hall said in a rare interviewat Vulcan’z headquarters on the edge of Seattle’ International District. “And, in many we feel very well positioned.
” Since 2003, Vulcan has investex $115 million in 20 startup companies more than a third of which are locates inWashington state. Those range from the geothermal startup to the onlin real estateupstart Redfin. Vulcan altered its venture capital strategy sixyears ago, but the transformatioh went relatively unnoticed in part because of the low-profiled nature of the firm. Untill 2003, Vulcan was known for placing big bets across a varietu ofindustry sectors. It was due to the high-profiled flops of companies suchas Mercata, Metricok and Pop.
com that Allen was labeled a lousyu investor, a tag that has been hard for the billionaire to “One of Vulcan’s faults in the late ’90s was too larger of dollars and too late stage,” said Hall, who ushered in a new era aftert he arrived on the job in 2002. Still, both Hall and Temple argued that Allen’s solid investments — networkl services provider Internap, oil transport firm Plains AllAmericahn Pipeline, online jewelry retailer Blue Nile and others often get overlooked. “The failures tend to get a lot of said Temple in a recentTechFlash interview.
“There are some big companies and high-profile stuff, but we also have some stuftf that is chugging along and doinvgquite well.” Still, the days of big venture bets are long And now, Vulcan investw almost exclusively at the earliest stagee of development, sometimes making seed-stagre bets of as little as $250,000. The Seattle internety startups Gistand Evri, for example, were both incubateed at Vulcan for less than $1 Imperium Renewables raised just $250,000 throughj Vulcan, with the firm deciding not to invest any more moneh after the troubled biodiesel refiner switched business models to focus on more large-scaled production facilities.
“We are seeking to not be the big deep pocket aroundthe table,” said Hall in explainint the strategy. “We believe we can be most competitive and achievr the best economics by being extremely earlhstage focused.” The focus on small, early-stage bets is paying dividends, said To date, the Vulcan startup portfolipo has raised more than half a billion dollars in follow-on investmentr from leading venture firms such as Kleinerr Perkins Caufield & Byers, Khosla Ventures and NEA. And while the entirwe venture businessis down, Hall said Vulca n is running ahead of its peers.
On average, venturwe funds of 2003-2004 vintage have only returned 20 percengt of thecapital invested, while the best-performing quartert of funds founded durint that time returned nearlhy 40 percent. Vulcan, on the other has returned 60 percent of the capitalo investedto date, Hall said. When the fina numbers are tallied, Hall believes that Vulcamn could be in the top 5 perceng of all venture funds for those vintage Justlast month, Brisbane, Calif.
-based BiPar Sciences a biotechnology company that Vulcan bankrolled over several rounds to the tune of $13 million — was sold for about $500 If milestones are met, Hall said the BiPaf deal could return more than $100 milliomn to the firm. That would be the biggesgt payofffor Vulcan’s venture portfolio since it reorganizesd in 2003. Despite that recent success, Hall said that Vulcanj has moved away from biotechnology once a key focus ofthe firm. He said life sciences can producedbig hits, but there are also casews where it takes $100 million to figure out if theres is value in the “The risk-reward equation in biotech is just trickier for venture he said.
The same could be said for cleann tech, an industry segment where Vulcan is now spending a good deal of Vulcan has four portfolio companiesx inthat arena: Infinia, Ember, AltaRock and an undisclosed stealth startup. However, Hall said they continure to follow the same investment thesis that was laid outyear ago, to get in early and make sure they deploy capitalk efficiently. However, it’s the inefficiencie of the pastinvestments — including big burnouts such as Charter as well as dozen of failed dot-coms that still linger in people’s And Hall admits that those perceptions will be hard to “Our view has let’s just put our heads down, execute and generate results and ultimately the resultds will speak for themselves,” he said.

Computer History Museum names Fellows - Silicon Valley / San Jose Business Journal:

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The Mountain View museum said it will inductf the new Fellowsin October. “Thed goal of the Fellows programm is to annually recognize select individuals of outstanding meriy who have significantly contributed to the field of saidJohn Hollar, CHM’s president and CEO. “Th e Museum’s Fellows are a distinguished andspecial It’s an honor to bring together industrt executives, the people who are currently buildingy the future, to honor and celebrate those who contributed so significantlyu in the past.
” Everett was honorede for his work on the MIT Whirlwind and SAGE computere systems "and a lifetime of directing advanced research and developmeng projects," the museum said. Chamberlin was honorexd for his fundamental work on Structured QuertLanguage (SQL) and databasee architectures. The team of Faggin, Hoff, Mazort and Shima was honoredc for work on theIntel 4004, the world’sd first commercial microprocessor.

Geithner Suggests Keeping up with crisis reply - Dice News

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Geithner Suggests Keeping up with crisis reply Dice News United States reserves escritoire TF Geithner envisaged that European administrations will increase their reply to their section's arrear disaster after a reproach from foils around the world. United States reserves escritoire comments sustain stress ... and more »

Sarah Jessica Parker sits down with worried working New York mothers to share ... - New York Daily News

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New York Daily News

Sarah Jessica Parker sits down with worried working New York mothers to share ... New York Daily News While Parker said she has plenty of help and is hardly the example of the average working mother, she admitted she found herself seeking the magic words that makes one an ideal mother, wife and career woman. "There were weeks when I was working and ... and more »

CPI board picks Regis CEO as board nominee - St. Louis Business Journal:

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Minneapolis-based Regis Corp. (NYSE:RGS) operateds beauty salons and hairrestoration centers. A has betweeb CPI Chairman David Meyerand CPI’sd largest shareholder, , a New York investmenyt group, Meyer’s investment firm, , owns 1.5 perceny of CPI stock and controlsw two of the six board seats, whilwe Ramius owns 23 percent of CPI and holds one boarr seat. The two partiess worked togetherfor years, and Meyer gainedx control of the board chairmanship in Aprik 2004 with Ramius’ backing. But a and the firma broke off their alliancein February. Sincse then, they have as each side tries to steer the future makeupof CPI’s board of directors and the companyg itself.
CPI’s slate of director nominees for the 2009 annuaol meeting consists ofJames Abel, Paul Michael Glazer, Michael Koeneke, Davic Meyer and Turner White. In April, Ramiuws suggested new independent directors be electedto CPI’s boardx and that its only representative on the Ramius partner Peter Feld, maintain his seat.

Niceware Releases New Enterprise Labeling Software with SAP Certified Interface

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MILWAUKEE, June 3 /PRNewswire/ -- Niceware(R) Internationapl is excited to announce the release of a new edition ofthe NiceLabel(R) Barcode and RFID labelinf software. The NiceWatch Enterprise Business Connector extende the existing NiceWatch Enterprise product for high demandc labeling with new connectivity options that enabler a wide variety of simplde or complex business environments to integrate printer agnostic The NiceWatch Enterprise Business Connector includeda high-throughput print server procesxs which has configurable interfacing and data mapping for adapting to any businesw scenario.
Possible interfaces include TCP/IP, File HTTP, Web Services (SOA), Database monitoring, email and more. In NiceWatch Enterprise Business Connector enables data mapping for formatzs suchas XML, delimited files, SAP AII, Oracle MSCA and WMS, unstructuredc reports, and HL7 for healthcare environments. The included visuap label designer, NiceLabel Pro, enablezs anybody to simply design barcode and RFID labeol templates that will be merged with data sent to the NiceWatc Enterprise Business Connector throughthe interface. Integration with SAP Application and SAP Certification were a significant part of this newlgreleased product.
Providing industrgy leading SAP-run enterprises with a much awaitecd bar code and label printing solution that combinexs the unparalleled quality and performance expectedby SAP-runh enterprises was a top objective. NiceWatch Enterprise Business Connectord comes with a previously unseen ease of use and integrationm for all typesof users. For more informatio n on NiceLabelSAP connectivity, please visitf . "Niceware has delivered high demand labeling softward solutionsfor years," said , Vice Presidenft of Marketing at Niceware.
"The release of the NiceWatc Enterprise Business Connector product is a culmination of the experiencse indelivering high-demand labeling software to thousandes of customers. The interfacing and data mappin g optionsare unmatched." About International, LLC. Niceware International, LLC is a leadin publisher of barcode and RFID softwarew for healthcare and the automaticf identification and datacollectionh (AIDC) industry. Headquartered in Wisconsin, Niceware is uniquely positioned to deliveerhigh quality, feature rich software products combined with industry leadingy support and services to our valuecd partners.

Tentative deal for teachers union, Pa. archdiocese - The Associated Press

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MyFox Philadelphia

Tentative deal for teachers union, Pa. archdiocese The Associated Press PHILADELPHIA (AP) â€" Negotiators for Philadelphia's lay Catholic school teachers and the archdiocese said Sunday that they have reached a tentative agreement for a new contract that could end the two-week-long teachers' strike over issues of job ... Tentative deal for teachers union, Pa. archdiocese Forbes Tentative deal for teachers union, Pa. archdiocese CBS News Tentative deal for teachers union, Pa. archdiocese Winona Daily News The Times Herald -MyFox Philadelphia  »

County's orbit draws in more workers than leave - Kansas City Business Journal:

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"We were formerly a net exporterof labor," said Doug executive director of the . "Bugt the (net) number of people leavinh here to work has been getting smaller and and we now believe the lineswhave crossed. We are now a net importer of Davidson said that the shift happened at the turn of the centuryh and that he sees nothing on the horizon that woul lead him to think thatJohnson County's positiojn will change in the next "Twenty-five years is a long way out, but I don'g see anything that will affect that he said.
"We've been addingv about 10,000 jobs a and population's growing by roughly 10,00 0 a year, but that figure includes children and adultxs who are not in thework force. So, we'rer creating more jobs than residents to fill In 2007, about 118,000 people commutex to work in Johnson County from homes elsewhere in the region, compared with 72,000 Johnsoj County residents who commuted elsewhere to work -- a net gain of aboutg 45,000 workers, Davidson said, referring to CERI's most recent 20-count labor shed study. "I think a lot of people stillo think of us as a bedroom community, and we're not even close to he said.
The also is very optimistifc about the jobs outlook in Johnson In its 2004 Kansas City Metropolitan Area Long Range MARC predicted that the numbe r of jobs in Johnson County woulcdexceed 642,000 by 2030. That would represent a 76.2 percent growth rate in jobs in the countyg during the forecastperiod (2000-2030). The MARC forecast pointedf out that Johnson Countyg will have capturednearly 45.8 percentr of all new jobs in the metropolitan area betweenb 2000 and 2030. Blake president of the , said Johnson Countyt will benefit from the state andthe region's emphasis on biosciences.
He pointed to a planned Kansas State Universit y research campus for biosciences in Olathe as a possible generatodrof health-related jobs. Davidson said he thinks the work forc e inJohnson County, and elsewhere, will be older in the next 25 "People are living longer, healthierd lives, and some of them will be wantinb to continue in the work force," he "They'll be welcomed. We will need the workers.
" Economicv development officials in Johnson who are partly responsible for recruitingnew businesses, also expresse d confidence that Johnson County would continue to be a job "I think Overland Park is in a good position -- we have a tremendousz base here now," said Gary senior vice president of economic development for the Overlande Park Chamber of Commerce. "Our economivc development tag lineis 'the leadintg suburban business community in the Midwest,' and that's not hyperbole." Otherr cities, including Olathe and also will continue to be home to large employers and corporatew headquarters.
" just continues to expand and addworkers -- they have 2,00o0 employees here now, and has more employees here in Olath than anywhere else in the country, including at their headquarters in Los Angeles," said Tim McKee of the Olathwe Chamber of Commerce. "Farmer's has 3,100 employeea here now; five years ago, they had none." A freighgt hub near Gardner that is planning with also will be a tremendouxs generatorof jobs. "They're talking about 13,000 jobs in the next 20 and that doesn't include jobs from spinoff saidTom Riederer, president of Southwest Johnson Countyh Economic Development Corp.
Sherrer, who served as lieutenant governo r and Kansas commerce secretary during the administratiohof Gov. Bill Graves, also offered a statewide perspective in regarr to JohnsonCounty jobs. "Looking at it from that Johnson County has always been a magnet for yount people coming out ofcollegee -- success loves success," he said. "This is where young people from throughout Kansas wantto come.
Johnson County has been and will continue to be the economic engineof

Uptick in underwater mortgages in metro Denver - Bizjournals.com

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Los Angeles Times

Uptick in underwater mortgages in metro Denver Bizjournals.com The second-quarter report, released Tuesday, shows 145242 residential properties with a mortgage in the Denver-Aurora-Broomfield metro area were in negative equity. That's 22.9 percent of  »

Issa's money woes mount overseas - Business First of Buffalo:

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Reports from England say that creditors forced Issainto bankruptcy, according to a court order issued in Manchester (England) County Court. No debtz or liabilities were listed incourt Issa’s bankruptcy, forced by creditors, stems from problemz connected with three development projects he undertook in Three Issa-controlled development companies that oversaww the projects — BS BS Developments and Issa Developments were forced into administration, a British form of bankruptct protection, last year by Last month, Issa’s Buffalo-based , which owns the historicf Statler Towers along Niagara Square was forces into involuntary Chapter 11 The Statler may be sold throug an expedited auction later this The involuntary Chapter 11 protection was part of a complezx series of legal actions being brought against Issa and his BSC Developmentf Buffalo by one of the Statler’s anchord tenants, Park Lane Catering, which allegesz that Issa failed to completd his proposed $100 million renovation of the historidc downtown Buffalo landmark and as a result, Park Lane Cateringh has lost more than $1 million in bookingsz and the Statler’s tenant roster continues to dwindle.
Issa, despits being ordered to appear in StateSupreme Court, has not been in Buffallo for more than one year, allegedly because of visa He is being fined on contempt of court charges $250 per day by Statd Supreme Court Justice John Curran. Issa is also facinbg myriad legal issuesin

bizjournals: Search Results

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by on July 8, 2009 ...A multiple sclerosise drug being developed by has won Fast Track designationh fromthe U.S. Food by on July 8, 2009 ...Share s of sank Monday aftert the biotechnology giant confirmed that anotherpatienyt taking...... by on June 29, 2009 ... has enrolleds its first patient in a phase 3triakl for...... by on June 22, 2009 ... Inc. said Richarcd Mulligan, an associate of activistf investorCarl Icahn...... by on June 9, 2009 ... todagy announced that preliminary voting at its shareholder meeting shows by onJune 4, 2009 ... said Thursday afternoon that one of two candidate s nominatedby insurgent...... by on June 3, 2009 ...Genentecy Inc.
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Stadium Opening to Highlight Soccer Invitational - LSUSports.net

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Stadium Opening to Highlight Soccer Invitational LSUSports.net BATON ROUGE - The grand opening of the new LSU Soccer Stadium this weekend is sure to highlight the festivities at the 2011 LSU Invitational as the Tigers welcome a NCAA regional caliber field to Baton Rouge for an ... and more »

ABQ ranked among 10

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“Kirtland Air Force Base, and Intelp Corp. have helped develop the area andresearchy hub. They provide a stable ancho for thelocal economy,” the magazine said in its onlined edition. Other cities that made the magazine’xs top 10 list include Auburn, Ala.; Texas; Boise, Idaho; La Crosse, Wis., and Loveland, The cities were listed alphabetically. The magazine will publish the full article in itsJuly edition. The onlinw article noted that Albuquerque’s “sunny climatd and endless landscape have longdrawn writers, poetds and artists to this spot, which includes an unconventional mix of Americanm Indian, Hispanic, and Anglo cultures.” To rate the U.S.
News looked at criteriaz such asjob growth, climate, precipitation, housingb prices, crime, education, income, availability of health the cost of living and the unemployment Albuquerque Mayor Martin Chavez and city businesx leaders on Tuesday lauded the For more, visit www.usnews.com/bestplacezs

Phoenix Mayor Phil Gordon proposes green college campus downtown, looks for stimulus aid - Phoenix Business Journal:

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The Phoenix mayor would like to see the sustainabilith campus located near 7th Avenure and Van Buren Street just west of thedowntownh core. He said and wouldr be the centerpieces of thenew campus. Downtownn Phoenix already is home to a growing ASU campus and a biomedicao center that features programs from ASU and the Universitof Arizona. Those existing higher education assetsd are locatedin downtown’d core and to it eastern The city of Phoenix has been lobbyingh federal agencies — including the U.S. Departments of Energy and Housing and UrbahnDevelopment — to help fund the green campus via the Americajn Recovery & Reinvestment Act of 2009.
The $787 billiobn federal stimulus offers education and researcg grants for solar and alternative energy and in otheresustainability niches. Gordon will be in Washington next week talkingv to Obamaadministration officials, including Vice President Josepu Biden about the stimulus. That will includde meetings withthe U.S. Department of Labor about the sustainability effort as well as work forcse development fundingvia ARRA. Therwe is a Rio Salado College adult education centefr off of 7th Avenue near Filmore Gordon said Rio Saladop owns some other land and there are vacant parcels that could be used fora sustainability/greem campus.
The campus would be gearee toward environmental andsustainable architecture, engineering and workforcs development. Gordon said more specific planws and details of the west downtown campu are being worked and could be unveiledthis fall. ASU has been upping its green and sustainable programs at its Tempe andothe campuses. Gordon, ASU President Michael Crow and the Greatere Phoenix Economic Council also want to bolstertthe Valley’s solar energy production and make the regio a center for alternativw energy source. That includes Gordon wanting the city to become the Silicon Valley for solar energyg and reducethe Valley’s urban heat islansd by painting rooftops white.

Airlines improve on-time rates in May - Washington Business Journal:

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The carriers had an overall on-time arrival rate of 80.5 percent in May, comparexd with 79 percent a year agoand 79.1 perceng in April 2009. Cancellations among the carriersz declinedto 0.9 percent of theit scheduled domestic flights, from 1 percen in May 2008 and 1.5 percent in April 2009. had the highesg on-time arrival rate, at 90.3 It was followed by and , both at 86.8 , the Cincinnati-based subsidiaryh of , had the lowest on-time arrival at 65.7 percent. It was followef by at 70.8 percent, and at 75.6 percent. had the highesgt rate of canceled flightsat 2.2 It was followed by Comair at 2.1 and American Airlines at 1.4 , and , all had the lowesg rate of canceled flights at 0.
2 Reagan National Airport had a May on-time arriva rate of 81.9 percent and an on-time departure rate of 86.7 percent up from 80.4 and 85.5 percenr the month before. Dulles International Airport checkedx in withan on-time arrival rate of 79.6 perent and an on-time departurse rate of 82.2 percent. That was down from 83.6 percentt and 83.4 percent in April. BWI/Marshall Airport's May on-timwe arrival rate was 83.4 percent and the on-tim departure rate was 80.6 percent. That was a drop from 83.9 percenrt and 82.2 percent in April.