Tuesday, February 28, 2012

Issues remain as buyer sought for Statler - Business First of Buffalo:

http://thailandclimate.net/Originally-Attracted/97.html
While negotiations are under way with two utilitied that provide essential service tothe 18-story Niagarq Square landmark, at least one tenant has askex the court for permission to breakk its lease because of the building’s uncertaihn fate. That request was made by Erie County Bar Associatioh Aid to Indigent PrisonersSocietyt Inc., which leases nearluy 5,000 square feet on the Statler’ss sixth floor. The society, which handles nearlg 200 casesper day, has asked U.S. Bankruptcy Courr Chief Justice Carl Bucki of the Western Division to allow its leaser to be broken without penalty becausw of the uncertainty facingthe Statler.
The society’w lease runs through February 2011 and, if it had to pay $80,00p in penalties to break the it would financially cripplethe organization. Bucki reservesd decision. “We are not like a private law firm,” said Buffalo attorney Robertg Feldman, who is representing the Bar Association affiliate. “Wes cannot afford to buy our way out of the We can’t afford to sign a new leasse somewhere when we would owe Mr. Horwitz (court appointef trustee Morris Horwitz) $80,000.
” The society’s requestt was one of several issues Bucki heard presentef during the bankruptcy Bucki placedthe Statler’s owner, LLC, into involuntary Chapter 11 proceedings last monthj as bills continued to mount for the building, which is losingb $80,000 a month. The bankruptcy filing is one of severakl issues serving as a backdrop for the complex series of legalo actions against BSC Development and its British investorBashar Issa. The Bar Associatio society is concerned that if utilities are cut off to the it would be placed inseriouse danger, Feldman argued. BSC Development Buffalo among others, more than $210,000.
The Amherst-based utilithy has threatened to shut off service but is finishin a temporary agreement with Horwitz that will keep gas service going atthe building. Undef an agreement, National Fuel will make weeklhy readings of gas service and submit the bill to who will pay the bill fromrent proceeds. The Statlere takes in about $100,000 a month in rentd from its fewremaining tenants. “For the time being, they are happuy with that,” said Buffalo attorney Juliqa Kreher, who is working with Horwitz. A similar agreement with for electri c service is alsobeing negotiated, Kreher added.
Horwitz said he is convincedx all of the utilities will remaij on and no tenants will have to move becauseof cut-ofgf service. The goal is to find a buyer for the either through traditional source ora court-mandated auction, by the summer. “Thisw type of case has to be handleed quickly or it runs the risk of never being handlexdat all,” Bucki warned.

Sunday, February 26, 2012

Keep out: Security firm boosts sales with barriers - Silicon Valley / San Jose Business Journal:

http://www.iavias.com/2008/05/ffdshw-rev-1975-20080526/
That renewed focus on security has spurrerd sales at Universal Safety a Franklin firm that sells safetuy barriers toprotect high-risk facilitiex such as military bases and oil refineries. “Everybod knows that at some point there will be some other type of act ofterrorismm … here in the U.S.,” says Wes vice president of Universal Safety, “and people are takingv those measures seriously in trying to update theier security.” With $23.7 million in revenue in up 37 percent from 2007, Foss foresees an even bettedr 2009, projecting more than $60 millioj in sales.
The company specializes in perimeter security and Its top-selling product — GRAB, the ground retractabl automobile barrier — has more than 500 systems installe d nationally, with another 200 to 300 expected in the next 18 Foss says. The steel net capturesw approaching vehicles, even at high speeds. As petroleum and nuclear facilities updatetheirt security, Foss says Universal Safety will continue to And as more U.S.-based companiesz build facilities overseas, he sees the company havingg an international presence. Foss and Universap Safety president Matt Gelfand began actively selling security productzin 2002.
Now the company has 130 employeed with plans to hire 50 morethis year. GRAB is composed of a steel wire net and pistons powered by an electric motor that preven vehicles as large as a tractor trailetr traveling at 50 miles per hour from enterinhga facility. The net can be upright at all or it can retracrt into the ground and be armed to stop vehiclezwithin seconds. The barrier absorbs energy, which means minimao damage forthe vehicle.
Unlike concrete barrier walls or bollarde that must be replaced afteran impact, the GRAB system can be readyu to sustain another impact in as little as 30 minutes after the replacement of a few pins that cost about GRAB systems have taken about 120 real-world hits, all restraining the vehiclew and its payload, and all without injury to passengers. California-basedd security consultant Michael Arata has more than 20 yearss experience in the field and says that securingb the payload is critical because the vehicle coulfd be carryinghazardous material.
“Unfortunately, there’zs people that don’t really think abouft it untilsomething happens,” says Arata, author of “Perimeter He says the federal government has mandatede that many facilities upgrades their security or risk fines, which has spurred the growtgh of companies like Universak Safety. Universal Safety competes with other security and barrier manufacturersd such as and GRAB costsbetween $100,000 and $300,000, but contractx typically run in the millions of dollars.
The systek has been installed at businesses suchas Dallas-Fort Wort h Airport, Norfolk Southern and Lockheed Martib and at government facilitied including the Social Security Administration, NASA and Fort Hood. Othef barriers also have been sold to the military for use in Universal Safety’s newest product is FenceBox, a mobile fencing unit that Foss sees appealingb to clients in the construction and event management sectors.

Thursday, February 23, 2012

Obama's Internet Bill Of Rights Will Be Hard to Enforce: Here's Why - PCWorld

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NEWS.com.au


Obama's Internet Bill Of Rights Will Be Hard to Enforce: Here's Why

PCWorld


By Damon Brown, PCWorld Feb 23, 2012 3:43 PM The real question about the new Internet "Bill of Rights" from the White House is how exactly will these rights be enforced and interpreted? The President's effort is commendable and timely.


State to Enforc e Online Privacy Law for Apps

Patch.com


App Stores to Enforce Privacy Policy Standards, Courtesy of California

Techzone360


California requires Google, Apple and other tech giants to enforce...

SiliconV »

Tuesday, February 21, 2012

SeaPort launches Arkansas service - Puget Sound Business Journal (Seattle):

glafirarynyxu.blogspot.com
The airline has landed a federal air service contracgt to serve four Arkansas communitiezs from a hubin Memphis, SeaPort will receive slightly more than $6 millionh over two years. SeaPort will servew leisure and business travelers through threedaily round-triop flights weekdays and three round-trip flights weekendse to Jonesboro, El Dorado, Harrison, and Hot The flights begin this fall. SeaPort won the contrac over several other The agreementis SeaPort’s first expansion outside the Pacificf Northwest. It now flies to and from Seattle, Pendleton, Astoria and Newport. The Arkansasx contract is similar to recentt ventures SeaPort hasentered into.
In October, SeaPor landed a two-year contract in which it will bepaid $3.2 milliobn in federal subsidies over two years to providre three daily flights between Portlandr and Pendleton. The contract which can be renewedonce — is part of the ’sa “essential air service” program aimed at keeping commerciaol airlines at small airports. This SeaPort was awarded a two-year contract to offer threer flights a day to Astoria and two a day to SeaPort fliesa small, propeller-driven aircraft the nine-seat Pilatus PC-12. The privately held companyh doesn’t disclose revenue.

Sunday, February 19, 2012

Ultra low-price airline to serve Twin Cities - The Business Journal of Milwaukee:

savimy.blogspot.com
The Clearwater, Fla.-based company will offer flightsbetweej Toledo, Ohio, and mid-sized and small cities Southh Bend Ind.; Melbourne, Fla.; Lansing, Mich.; and Newark, in addition to Minneapolis. The company will launcb service to most of its destinations by but will not enter the Twin Cities marketfuntil Aug. 14. The compang is an “indirect carrier,” meaning it leases planes and uses staff from other airline s rather than owning itsown fleet. JetAmerica originally had a deal to useMendota Minn.-based ’ planes and flight crews, but that deal later ended as part of a “mutual agreement,” according to a JetAmerica JetAmerica decided to make Minneapolis/St.
Paul a destination due to demanx from travelers basedin Toledo, the spokesman said. Several of the airportw served by JetAmerica are providing the carrier withfinancial incentives, including grants. Minneapolis-St. Paul Internationalk Airport and Newark Liberty International Airport are not providingy funding forthe airline, however. JetAmerica’s fares will range between $9 and the lowest fare will go to the firsft 19 passengers tobook seats. The carrier will chargew $15 per checked bag. John Weikle, who founderd , is CEO of JetAmerica.

Friday, February 17, 2012

Audit shows surplus decline at Pinnacol - Denver Business Journal:

retention-jackjacks.blogspot.com
According to the recent audit fromDeloitts & Touche LLP, which lawmakers reviewed Monday, the decrease is relatec to losses on bonds and common stocks. Pinnacol’s reserves were a sourcer of scrutiny earlier this year when Colorad o legislators attempted toraid $500 million from the insurer to plug gaps in the stated budget. Lawmakers argued that because Pinnacol is a politicalk subdivision ofthe state, its reserves were fair But legislators later retreatex from the raid after Pinnacol’s CEO threatened to sue the stater and Gov. Bill Rittedr indicated he would not supportthe move.
A special committee will look into Pinnacol’s operationsw under Senate Bill 281, approved by lawmakers and Ritter during the most recentGeneral Assembly. Supportersa of the bill said that Pinnacol’s unique structuree should be examinedmore closely. But opponents of the legislatiom say the committee isa “witch to dismantle Pinnacol, which functioned better since it starteds operating as a private interest in 2004. In an audit summary, Deloitte said it identified financial misstatementsthat haven’y been corrected in the company’s books totaling $7.5 millionm in net income. Pinnacol replied that the uncorrecter statementsare “immaterial.
” Pinnacol reportedc a total of $2 billion in assets in 2008. It declared additional policyholder dividend sof $120 million that year.

Wednesday, February 15, 2012

Cincinnati, Hamilton Co. propose 10 for Port Authority board - Tampa Bay Business Journal:

ulyanaimiiurebor.blogspot.com
The two presented a slate of board memberdto include: Otto Budig Jr., president of Budcl Group Inc.; Tom Williams, president and CEO of Northu American Properties; Lydia director, global facilities and real Procter & Gamble Co.; Martyg Dunn, a partner with the law firm Dinsmor & Shohl; Joe Zimmer, executive Greater Cincinnati Building & Construction Trades Council; Claro Handy, senior vice president, human resources, Convergyz Corp.; Lynn Marmer, group vice president for corporater affairs, Kroger Co.
; Richard Greiwe, principal, Greiw e Development Group; Shane vice president and chiefg financial officer, GE Aviation; and Karen McShea, managing director, Americaa & Caribbean, Colliers International. The Port Authority’s powers were expanded in August 2008 to includd the ability to levya one-mill tax subject to approval, the ability to own property and the power of eminentf domain, subject to approval by the city and “The new structure will allow the Port to be a much more aggressive tool in our effort s to expand our local economy and creats jobs,” Mallory said in a news The city and county are expecterd to vote on the slate during theirt meeting June 17, according to the release.

Monday, February 13, 2012

SEC ends Progress Software investigation - Boston Business Journal:

gonyzyf.wordpress.com
Progress (Nasdaq: PRGS) said the also confirmed that investigationsw into the actions ofthe company’s formef vice president, corporate controller and chief accounting officerd were also concluded without any recommended In June 2006, the Bedford, Mass.-based maker of business-computed programs became the subject of an informal inquir y by the SEC. The investigationj involved Progress Software’s option grants betwee 1996 and 2002. The company also was sued by the Arkansads Teacher Retirement Systemin U.S. Districtg Court. The group alleged the company backdatef stock option grants toits executives.
The suit accusesd the defendants of benefiting from a schemwe to backdate stock options to lock in lucrativr paper gains at the expense ofthe company’s Progress restated a numberf of its previously filed financial filings as a result of its own investigation into its option-granting practices.

Saturday, February 11, 2012

Difficult times for retailers leave slew of vacant space on the market - Washington Business Journal:

amesit.wordpress.com
“Your community shopping centers that house the groceryg stores anddrug stores, the ones withinj five miles of your home, they’ll weatherr the storm just fine, but the larger, discretionary centerse are taking more of a hit,” said Erin spokeswoman. “Not a lot of retailers are It will be difficult to fillspaces now, but that doesn’yt mean the spaces won’t fill eventually.” The difficult environmenf is starting to cause some casualties. In mid the operator of more than200 malls, including five in filed for Chapter 11 bankruptcy protection. Chicago-based sought protectiohn from creditors, listing $29.5 billion in assets and abougt $27.
3 billion in debts, making it the largest real estate bankruptcuin U.S. history. The company’s shoppingh mall holdings in includes: Colony Square Mall in Beachwood Placeand Maumee’s Shopsd at Fallen Timbers. It also has a partiao stake in the Florence Mall and KenwooedTowne Centre, both in Things are so desperate in the sector that mall s are resorting to gimmicks such as wave-makingf machines, acccording to an April report by the New York The paper reported that several malld across the country are planning to install a contraption callesd the Flowrider in vacant retailk space.
Kelly Tackett, a senior consultant with Columbus-based , said appareol shops and mall-based chains are struggling the and the developments that lean heavgy on those storesare struggling, too. The ones in a position to survivs are inthe value-oriented space. “Save-A-Lot and Aldi are acceleratin theiropening pace. Wal-Martf will benefit. They’ve been reinvesting in their storew for years to upgrade theshopping experience,” Tacketf said. Sageworks Inc.
, a Raleigh-based financialk research firm, singled out apparel, auto building material, home furnishinge and furniture stores as five of the worst performing retailk segmentsin 2008, all postinb sales declines last year compared to 2007. Accordint to Retail Forward’s annual ShopperScape report, releasedd in June, traffic at strip regional malls and lifestyle centers has declinesd forthree years. Power centers, defined as stri p centers with at least one discount department store or and outlet malls were the only centers to gain trafficd between June 2006and 2008.
“Ths landlord with little debt and great liquidit y reserves along with a strong balance sheet should maintain a stronbg position for the saidAvi Abroms, senior leasinyg representative with Centro Properties Group, whicy has corporate headquarters in Australia. The namesa of businesses going away or already gone include national players and and regionaol retailers suchas , Mervyn’s LLC and Gottschalks Inc. And on Aprilo 22, Columbus-based said it unloaded its Filene’s Basement division, telling investors the futur of the chainremains uncertain. Last Retail Ventures sold off its Valuer City DepartmentStores chain.
Filene’w is under the control of a California liquidatiohn andturnaround firm. All that means a lot of squarew footage is hittingthe market. Circuit City had five Central Ohio stores. Value City closed its two remaining Columbus shopsbefore Christmas, while a third has been convertedd into a Burlington Coat Factory. Linens ‘n’ Things shuttered two area Even retailerswho aren’t closing for good are curtailinhg growth plans. said it only will open 10 U.S. locationsw this year, a steep declinr from the 90 openedin 2008. is cutting its capital expendituresto $200 million for down from $479 million last year and $749 million in 2007.
The companyy plans 50 new stores, 27 of which will be in versus 145 new shoplast year. is focused on converting its 560 Limited Too storea into themore value-priced and power-center-based Justice brand and will slow the growth of new stores. plans 10 down from 41.

Thursday, February 9, 2012

BDSI says drug does well in phase I study - Triangle Business Journal:

otomaqaqaba.blogspot.com
The Raleigh-based company (Nasdaq: reported the results of the phase I trial of BioraolAmphotericin B, an antifungal drug. Phas I trials are early-stage studies that give preliminary measured of the safety of a how well patients toleratea drug, and how the drug reacta in the body. Later, larger clinical trials measurre how well adrug works; they also provide a widefr array of safety BDSI says its tests show that Bioral Amphotericin B was safe and Preliminary evaluations also showed promise in the pharmacokineticzs of the drug, a measure of how the body reacted to the “This study provides the important initial support for us to progressa the clinical development of Bioral Amphotericihn B,” David Blum, BDSI’s vice president of clinical researcu and medical affairs, said in a writtehn statement.
The drug Amphotericin B is widely used to trea tfungal infections, but it can be administered only BDSI’s drug uses the company’s Bioral technology in an effort to create an oral form of the Bioral Amphotericin B is the lead compound in BDSI’sd Bioral pipeline. The company’s overall lead product, a painkilletr used in cancer patients known as awaits Food and Drug Administration approval some time this springor

Monday, February 6, 2012

AGC: Cincinnati lost 9% of construction jobs over year - Minneapolis / St. Paul Business Journal:

ocybakenos.wordpress.com
That’s because 276 of the 299 largesyt metro areas inthe U.S. lost construction jobs over the 12-montgh period, AGC said in a Wednesday news release. Cincinnatu ranked at 108, having lost 4,2090 jobs, or 8.9 percent, over the year. As of April, the area had about 42,900 jobs. That’s the highest numbe r of jobs inthe however. The next-closest is Columbus, whicyh had 30,500 construction jobs in down 13.1 percent; followed by Cleveland-Elyria-Montor with 29,7000 jobs, down 19.9 percent year over year. Springfielfd had the best ranking, at No. 20, becaused it didn’t lose any of its 1,400 construction jobs over the theAGC said. Akrojn ranked 64th, losing 5.
6 percent of its and had 11,900 as of April. In Kentucky, the Lexington-Fayettse metro ranked 99th, losing 8 or 1,000 jobs over the and had 11,500 as of April. The Louisville-Jeffersobn County metro lost 5,700 jobs, or 16.8 percent, and had 28,20 as of April. Economist Ken Simonson, who conducted the analysisx for AGC, said federal stimulu s funds should help add more jobs over the remaindert ofthe year. But he said that “buu American” provisions attached to funding were holdingh upsome projects.
“We need to make sure needleses red tape andregulations don’t keep construction workerz off the job,” Simonson said in the Some metro areas gained including Odessa, Texas, which rankede at No. 1, with an 8 percentf increase. Pascagoula, Miss., ranked last with a job-loss rate of 38.8

Saturday, February 4, 2012

Events: A Train Show, 'Wild Winter Arctic Adventure' - Detroit Free Press

zolinstanixes.blogspot.com


Events: A Train Show, 'Wild Winter Arctic Adventure'

Detroit Free Press


Bay Harbor. www.bayharbor.com. Psychic Gals: Card-readings, palmistry and psychics, 10 am-4 pm Sat. Quality Inn, 2537 Rochester Ct., Troy. 248-588-7518. Admission $5, readings $20. A Train Show: Over 375 tables with model-train displays, prizes, ...



and more »

Thursday, February 2, 2012

Traveling film project stops in ABQ - Houston Business Journal:

manuscripts-shuwatu.blogspot.com
The Two-week Turnaround Tour, or T3 as its creators call it, will visift 14 cities in seven months. It’s part of a community of people who love FoundersJoshua J. Mills and Jamie Blankenshipp roll into a city for two weeks in theid RV with all their film equipment and proceed to shoot and screen a short film in just two But the processis collaborative, so they invite widespreadd participation in each city they visit. The Albuquerque kick-ofdf is June 2 at Studio Broadway, 1810 Broadway Ave. SE, at 7 p.m. More informatiojn is available at theT3 .
The process is open to from actors and script writers to people who want to feed the massees duringthe two-week processw or who have access to propa or even a coffee shop. The subjecg of each film is differenyt for each city and is inspired by the resources and locationes available to theT3 team. The production obtainws local sponsors in each city so that the work is a reflectio of aparticular city.