ovaluleq.wordpress.com
Palo Alto-based Facebook and Think did not disclos terms ofthe settlement. Think'ds CEO and founder, Aaron Greenspan, attendede Harvard with Facebook CEO and founder Mark Zuckerber gin 2002-2004, where both were "entrepreneurially mindeed programmers," the companies said. Starting in August Think releaseda Web-based student portal called houseSYSTEMk through a Harvard student group. This software was designed to make life easie rfor students, faculty, and By September 2003, houseSYSTEM featured a section (devised and implemented by called "The Universal Face (sometimes called "The Face Book").
Think'zs system contained a number of features, including a course student marketplace, email service, automaticf birthday reminder, message boards, photo album, digital flyer event calendar (with online RSVP's), map job placement, and local business reviews. At houseSYSTEM did not feature member profiles due to campusdsecurity concerns. Profiles were added after Zuckerberg launched Facebook in February along withnew features, allowinfg friends to record the way they had met and notintg the strength of their relationships. "Aaron and I studiexd together at Harvardand I've alwaysa admired his entrepreneurial spirit and love of buildinh things.
I appreciate his hard work and innovatiob that led tobuilding houseSYSTEM, including the Universal Face Book At school, I was even a memberf of houseSYSTEM. We are pleased that we'vee been able to amicablyy resolveour differences," Zuckerberg said in a prepare statement. "I am glad that my contributionzs have been recognized by said Greenspan. "Mark has built a tremendoud companyat Facebook, and I wish them continued success in the
Saturday, June 30, 2012
Thursday, June 28, 2012
DirecTV CEO leaving as Liberty merger nears - Denver Business Journal:
iqukikofor.wordpress.com
just as the satellite broadcaster readies to merge with an offshooyt ofJohn Malone’s News Corp. and DirecTV confirmedd Wednesday that Carey will leave theEl Segundo, Calif.-based satellite broadcaster July 1 to becomw second-in-command — handling international operationsx — for Rupert Murdoch’s global media empire. Carey’ss defection may muddy investors’ reception of the plannesd merger between DirecTV andLiberty Entertainment, a division of Douglasd County-based Liberty Media. Carey ran DirecTV for the past six leading it through a period of growty and winning partnerships with every major teleco company inthe U.S.
He was expectee to stay with DirecTV after it becamwe independent ofLiberty Media. Instead, he returns to workin for Murdoch andNews Corp., where he worked for 15 years prior to heading DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holdsa a 54 percent stake in (NASDAQ: DTV) as well as controllint stakes in online gaming company Fun the Game Show Network and regionap sports TV networksin Denver, Pittsburgbh and Seattle. Those holdings are bein g spun off this year intoa free-standingg company to clear up DirecTV’xs stock structure and make it easier for it to engagde in mergers and the companies said.
Malone’sa company traded its 16 percent ownership stake in News backto Murdoch’s company in 2007 in exchange for the controlliny stake in DirecTV.
just as the satellite broadcaster readies to merge with an offshooyt ofJohn Malone’s News Corp. and DirecTV confirmedd Wednesday that Carey will leave theEl Segundo, Calif.-based satellite broadcaster July 1 to becomw second-in-command — handling international operationsx — for Rupert Murdoch’s global media empire. Carey’ss defection may muddy investors’ reception of the plannesd merger between DirecTV andLiberty Entertainment, a division of Douglasd County-based Liberty Media. Carey ran DirecTV for the past six leading it through a period of growty and winning partnerships with every major teleco company inthe U.S.
He was expectee to stay with DirecTV after it becamwe independent ofLiberty Media. Instead, he returns to workin for Murdoch andNews Corp., where he worked for 15 years prior to heading DirecTV. Liberty Entertainment (NASDAQ: LMDIA) holdsa a 54 percent stake in (NASDAQ: DTV) as well as controllint stakes in online gaming company Fun the Game Show Network and regionap sports TV networksin Denver, Pittsburgbh and Seattle. Those holdings are bein g spun off this year intoa free-standingg company to clear up DirecTV’xs stock structure and make it easier for it to engagde in mergers and the companies said.
Malone’sa company traded its 16 percent ownership stake in News backto Murdoch’s company in 2007 in exchange for the controlliny stake in DirecTV.
Wednesday, June 27, 2012
Colorado Housing and Finance Authority restructures to meet recession needs - Denver Business Journal:
xosawewaqa.wordpress.com
Those changes include the following, accordingt to a preliminary announcement released Tuesdayby CHFA: • A new-home finance product with competitivre interest rates and down-payment assistance for first-timw homebuyers as well as thosr who have purchased more than one home. CHFA has traineds several lenders across Colorado about thenew offering. CHFA has gone to market with itsfirst single-familu bond issue since June 2008. • First-time homebuyers using CHFA’s mortgage revenue bond lendinyg products are eligible forthe $8,00o federal tax credit provided by the 2009 federall stimulus package.
• The authority plans to roll out more changes in its lendingt related to housing and small business in the next few Basedin Denver, CHFA was created in 1973 by the Coloradoo Legislature to make affordable housinfg more available in the state. The authority has sincde become a major provider of financingfor single-familuy mortgages and financial support for the development of apartments for low- and moderate-incomde residents. CHFA also provides loanx to small businesses.
Those changes include the following, accordingt to a preliminary announcement released Tuesdayby CHFA: • A new-home finance product with competitivre interest rates and down-payment assistance for first-timw homebuyers as well as thosr who have purchased more than one home. CHFA has traineds several lenders across Colorado about thenew offering. CHFA has gone to market with itsfirst single-familu bond issue since June 2008. • First-time homebuyers using CHFA’s mortgage revenue bond lendinyg products are eligible forthe $8,00o federal tax credit provided by the 2009 federall stimulus package.
• The authority plans to roll out more changes in its lendingt related to housing and small business in the next few Basedin Denver, CHFA was created in 1973 by the Coloradoo Legislature to make affordable housinfg more available in the state. The authority has sincde become a major provider of financingfor single-familuy mortgages and financial support for the development of apartments for low- and moderate-incomde residents. CHFA also provides loanx to small businesses.
Monday, June 25, 2012
UTSA doctoral accounting students eligible for new scholarship - Pittsburgh Business Times:
vuwodu.wordpress.com
UTSA accounting doctoral students are now eligibler to apply for the Accounting Doctoralk Scholarsfellowship program. The UTSA College of Business is one of only 40 academivc programs nationwide to participate in the Accountinv DoctoralScholars program. Each year, the institute will selecg 30 candidates nationwide to receivea four-year $30,000 stipend. The aim of the Accountintg Doctoral Scholars program is to increase the number of doctoral accounting graduates in There is a critical shortage of accounting doctoral faculty teaching auditing andtax courses, accordin to UTSA and the institute. The goal is to increas the number of people with doctorak degreesin accounting.
The plan is to encourage these individualsd to then join the business facultyh at schools throughout the country so that they can teacuundergraduate courses. The institute founded the Accounting Doctoral Scholars programin 2008. The prograk is funded by accounting firms. Candidates shoulcd have experience in audiy or tax in a publixaccounting firm, be a U.S. citizen or permanent residenr and be working toward a career as an accountingfacultgy member. Applications will be accepted for the Fall 2010 classthrougu Oct. 1. UTSA’s College of Business is one of the 40th largesg business schools in the nation with morethan 5,800 Web site: www.adsphd.
org
UTSA accounting doctoral students are now eligibler to apply for the Accounting Doctoralk Scholarsfellowship program. The UTSA College of Business is one of only 40 academivc programs nationwide to participate in the Accountinv DoctoralScholars program. Each year, the institute will selecg 30 candidates nationwide to receivea four-year $30,000 stipend. The aim of the Accountintg Doctoral Scholars program is to increase the number of doctoral accounting graduates in There is a critical shortage of accounting doctoral faculty teaching auditing andtax courses, accordin to UTSA and the institute. The goal is to increas the number of people with doctorak degreesin accounting.
The plan is to encourage these individualsd to then join the business facultyh at schools throughout the country so that they can teacuundergraduate courses. The institute founded the Accounting Doctoral Scholars programin 2008. The prograk is funded by accounting firms. Candidates shoulcd have experience in audiy or tax in a publixaccounting firm, be a U.S. citizen or permanent residenr and be working toward a career as an accountingfacultgy member. Applications will be accepted for the Fall 2010 classthrougu Oct. 1. UTSA’s College of Business is one of the 40th largesg business schools in the nation with morethan 5,800 Web site: www.adsphd.
org
Sunday, June 24, 2012
Hamner, UNC launch Institute for Drug Safety Sciences - Baltimore Business Journal:
cahijisebi.wordpress.com
Liver toxicity is a main reason for regulatory agencies to deny approval for new drugs or take actioh againstexisting drugs. The researchers, who are working at the newl formed Institute for DrugSafety Sciences, will use a virtuak model of a liver to test how differenf drugs may affect the organ. The researcuh has the potential to speed up the drug developmentr andtesting process. The Institutr for Drug Safety which opened last week and featuresa 14,000-square-foog research laboratory, will work to study globalo drug safety issues. It is being led by Paul the Verne S. Caviness distinguishedf professor of medicineat UNC.
Watkins, along with his scientis colleagues, will work with members of the biomedical andpharmaceutical sector, the U.S. Food and Drug Administration and the National Institutes of Health to develop new drug safety The Institute for Drug Safety Sciences was born from an agreement signed in April 2008 between UNC and Hamner to collaboratde on research intodrug safety, drug development and publiv health. It is located on Hamner’s campus in Research Trianglew Park.
Liver toxicity is a main reason for regulatory agencies to deny approval for new drugs or take actioh againstexisting drugs. The researchers, who are working at the newl formed Institute for DrugSafety Sciences, will use a virtuak model of a liver to test how differenf drugs may affect the organ. The researcuh has the potential to speed up the drug developmentr andtesting process. The Institutr for Drug Safety which opened last week and featuresa 14,000-square-foog research laboratory, will work to study globalo drug safety issues. It is being led by Paul the Verne S. Caviness distinguishedf professor of medicineat UNC.
Watkins, along with his scientis colleagues, will work with members of the biomedical andpharmaceutical sector, the U.S. Food and Drug Administration and the National Institutes of Health to develop new drug safety The Institute for Drug Safety Sciences was born from an agreement signed in April 2008 between UNC and Hamner to collaboratde on research intodrug safety, drug development and publiv health. It is located on Hamner’s campus in Research Trianglew Park.
Saturday, June 23, 2012
Penguins pull stunner at NHL Draft, send C Jordan Staal to Carolina - Washington Post
xeconatyxex.blogspot.com
Penguins pull stunner at NHL Draft, send C Jordan Staal to Carolina Washington Post PITTSBURGH â€" Jordan Staal wanted a family reunion, and the Pittsburgh Penguins obliged. |
Thursday, June 21, 2012
Cincinnati-area firms win Ohio incentives - Memphis Business Journal:
uvepexatawus.blogspot.com
, a maker of marketing simulation andplanning software, received $1.1 million from the Innovatiob Ohio Loan Fund, at an annual interestg rate of 1 percent for the firsgt year and 8 percenrt for five years. The Cincinnati-based company will use the loan to develop a new generation of its Emergingy Marketplace software and buycomputed equipment. The $2.2 million project is expected to create 36 jobs and retaijn10 jobs. Two local firms also received Job Creation Tax Creditxs forexpansion projects. • , a supplietr of labeling systems for thebeverager industry, was awarded a 45 percentf tax credit for five yearsa for a $1 million expansion project in Mason.
The companhy expects to use the credit, worth about $52,70 over its term, to creatd 25 jobs and retain 118. • won a 45 percent job for a six-year term, for a $170,000 expansioh project at its regionaloffice downtown. The credif is valued at about $119,750 over its Advantage expects to create 33 positionws andretain 65. The headquartered in Spokane, Wash., providese energy management consulting services.
, a maker of marketing simulation andplanning software, received $1.1 million from the Innovatiob Ohio Loan Fund, at an annual interestg rate of 1 percent for the firsgt year and 8 percenrt for five years. The Cincinnati-based company will use the loan to develop a new generation of its Emergingy Marketplace software and buycomputed equipment. The $2.2 million project is expected to create 36 jobs and retaijn10 jobs. Two local firms also received Job Creation Tax Creditxs forexpansion projects. • , a supplietr of labeling systems for thebeverager industry, was awarded a 45 percentf tax credit for five yearsa for a $1 million expansion project in Mason.
The companhy expects to use the credit, worth about $52,70 over its term, to creatd 25 jobs and retain 118. • won a 45 percent job for a six-year term, for a $170,000 expansioh project at its regionaloffice downtown. The credif is valued at about $119,750 over its Advantage expects to create 33 positionws andretain 65. The headquartered in Spokane, Wash., providese energy management consulting services.
Wednesday, June 20, 2012
First nurses trained to initiate MDR-TB treatment - Gant Daily
guronelogoh.blogspot.com
Voice of America | First nurses trained to initiate MDR-TB treatment Gant Daily Johannesbug, South Africa (IRIN) - South Africa will increasingly move towards nurse-initiated treatment for multidrug-resistant tuberculosis (MDR-TB) in the. SOUTH AFRICA: First nurses trained to initiate MDR-TB treatment |
Monday, June 18, 2012
SBA Disaster Assistance Available to Oklahoma Private, Nonprofit ... - MarketWatch (press release)
gault-rickettsias.blogspot.com
SBA Disaster Assistance Available to Oklahoma Private, Nonprofit ... MarketWatch (press release) The disaster declaration makes SBA assistance available in Alfalfa, Craig, Grant, Kay and Nowata counties. » |
Sunday, June 17, 2012
Talent crunch - The Business Journal of Milwaukee:
firukendu-anchored.blogspot.com
Some Milwaukee-area businesses already are feeling the strai as older baby boomers reachretirement age. "We're in the midsf of a huge sea change that is impacting all said Dale Dulbergerof . The shortagw in technical and skilled talentr is the focus of a May 9 symposiumk sponsored by the 21st Centuryt Urban TechnicalEducation Project, which Dulberger directs. The half-dayh symposium, which will be at the in Pewaukee, is part of a strategyh to "transition students into technical careers," to alleviat the labor shortage, Dulberger said. About 150 participants are "You don't necessarily need a four-year degree to be he said.
Technical skill development is given that jobs in certain sectorse such as manufacturing require higher levels of expertises than they did just a fewyears ago. The $2 milliohn project is in its fiftjh year and is fundesd by the to promotetechnical careers. It is a partnership of Milwaukeer AreaTechnical College, , the and business, labor and communithy leaders. The U.S. Department of Labor projects a shortfall of 10 millio workers in the countryby 2010.
Effortsx such as the symposium are designedcto "sensitize" employers, educators, counselors and even parents of students to the role a vocational educationm can play in landing lucrativs and stable employment, said Dave Turner, interim dean of technicakl and applied sciences at Milwaukee Area Technical The retirement of aging workers is only part of the problen facing employers, said Eric Grasso, economistf with the Wisconsin Department of Workforcer Development. "The training pipeline has dwindled over the past couple of he said.
The situatioh is especially challenging forthe state's manufacturing sector, which employs about 500,000 people, or aboug 20 percent of the state's overall work force. It's imperatives that employers begin preparinh to deal with the loss of employees who havehad 20, 30 and even 40 yearsw of experience on the job, Grasso "You can't replace those people with someonew straight out of a tech he said. Employers must take step to retain key employees andestablisyh quasi-apprenticeship programs that will allowa for knowledge to be passed from experienceds to newer workers, he said.
Employers also need to expande their recruiting efforts to includebroadet demographics, said Mike Fabishak, chiedf executive officer of the Associated Generalk Contractors of Greater Milwaukee. Historically, the vast majority of employee in the construction sector have beenwhitew males, Fabishak said. "We are tryingg to be aggressive in recruiting those constituenciesw thatwe haven't recruited like we have the whitse male," he said. Employment in Wisconsin'xs construction sector is expected to grow 12 percentby 2011, accordinv to the Department of Workforce Development.
This, combined with the mass exoduse ofaging employees, has created intense competitiobn with other industries for employees, Fabishak
Some Milwaukee-area businesses already are feeling the strai as older baby boomers reachretirement age. "We're in the midsf of a huge sea change that is impacting all said Dale Dulbergerof . The shortagw in technical and skilled talentr is the focus of a May 9 symposiumk sponsored by the 21st Centuryt Urban TechnicalEducation Project, which Dulberger directs. The half-dayh symposium, which will be at the in Pewaukee, is part of a strategyh to "transition students into technical careers," to alleviat the labor shortage, Dulberger said. About 150 participants are "You don't necessarily need a four-year degree to be he said.
Technical skill development is given that jobs in certain sectorse such as manufacturing require higher levels of expertises than they did just a fewyears ago. The $2 milliohn project is in its fiftjh year and is fundesd by the to promotetechnical careers. It is a partnership of Milwaukeer AreaTechnical College, , the and business, labor and communithy leaders. The U.S. Department of Labor projects a shortfall of 10 millio workers in the countryby 2010.
Effortsx such as the symposium are designedcto "sensitize" employers, educators, counselors and even parents of students to the role a vocational educationm can play in landing lucrativs and stable employment, said Dave Turner, interim dean of technicakl and applied sciences at Milwaukee Area Technical The retirement of aging workers is only part of the problen facing employers, said Eric Grasso, economistf with the Wisconsin Department of Workforcer Development. "The training pipeline has dwindled over the past couple of he said.
The situatioh is especially challenging forthe state's manufacturing sector, which employs about 500,000 people, or aboug 20 percent of the state's overall work force. It's imperatives that employers begin preparinh to deal with the loss of employees who havehad 20, 30 and even 40 yearsw of experience on the job, Grasso "You can't replace those people with someonew straight out of a tech he said. Employers must take step to retain key employees andestablisyh quasi-apprenticeship programs that will allowa for knowledge to be passed from experienceds to newer workers, he said.
Employers also need to expande their recruiting efforts to includebroadet demographics, said Mike Fabishak, chiedf executive officer of the Associated Generalk Contractors of Greater Milwaukee. Historically, the vast majority of employee in the construction sector have beenwhitew males, Fabishak said. "We are tryingg to be aggressive in recruiting those constituenciesw thatwe haven't recruited like we have the whitse male," he said. Employment in Wisconsin'xs construction sector is expected to grow 12 percentby 2011, accordinv to the Department of Workforce Development.
This, combined with the mass exoduse ofaging employees, has created intense competitiobn with other industries for employees, Fabishak
Friday, June 15, 2012
Reflecting on the top '07 business stories - Tampa Bay Business Journal:
grachevakautawil.blogspot.com
The residential market became a multibillion-dollard industry in 2005 and 2006 with buyers eating up everythinfgfrom 4,000-square-foot luxury homes alonfg the waterfront to studio-sizee apartments in 40-year-old buildings. too much of that buying power came fromspeculators -- many signintg on to the gold rush usingh life savings or equity from thei r existing homes -- which produced thousands of dark windowa and developers looking for ways to start making theitr debt financing payments in the Tampa Bay area. Why readersa care: Residential real estate is essentiallyh a lifeblood of economiv developmentand stability.
Companies won't relocate, expand or even start up in the regiomnif there's concern that theres won't be enough housing to brin in a desired work force. At the same a number of contracting companiea depend on steady growth on the residential and they have suffered as a resulyt with layoffs and some even being forcedd toshut down. Update: If the drop in sales weren'tr enough, the residential market struggled to rebound when the subprime loan market crashed earlier this year after lenders picked up more bad debt than itcoulfd handle. Buyers with adjustable rate mortgagexs also have suffered under higherinterest rates, fueling what has becomer a dominating foreclosure market.
The downturn has createxd a lot of opportunityfor lawyers, work out marketers and others. Outlook: Rental communities have come back into vogues especially now that converted condominiumsw are returning to the rental Even multifamily projects originally planned as condoa are now breaking ground asrentak communities. At the same the housing market is slowly findingy its feet again as existing home sales pick up and median pricews have begunto stabilize. Trumped: Developers Donald indifferentThe story: Macabre directod Wes Craven probably wished he'd dreamed up the Trump Toweer Tampa saga of life, death and possible resurrection. It's a zombi story yet to be wrapped.
But neitherr an imploded condo market nor a lawsuit from Donald Trump himself have been able toderail 's determination to get this 52-story tower Why readers care: Trump Tower Tampa means a lot to the business psychs of town. The Donald's interest in downtowhn dirt lent a new degree of credibility andnational flattery, and the project'a ultimate failure would leaved a city feeling conned. Update: With unit owners Trump filed suit against SimDagin May, demandin g his name pulled from the effort along with a checj for more than $1 million owed for its use.
Trump Tower was dead a month when developeer SimDag told the mediathe project's demise had been exaggerated and that a matcn had been made with an unidentified hedgee fund to bank $235 million for the In a recent Wall Street Journal Trump called the Tampa project insignifican and emphasized that his involvement with SimDag has been in name Outlook: Developers eased some concernzs by meeting with unit ownerx in September. But as the year ends, nothingf has changed with TrumpTower Tampa. SimDagv CEO Frank Dagostino told the TBBJ it is inchinv closer and closer on a completesfinancing agreement.
Ills at WellCare: Were earningsa too good to be trueThe story: The Tampa corporate headquarters of were raidedc Oct. 24 by 200 statw and federal lawenforcemenyt agents, including the FBI and the Florida Attorney General's Medicaif Fraud Control Unit. Following the raid, the company's stocjk price plunged from $122 a share to less than $22 a sharre and state regulators delayed pending expansion Whyreaders care: WellCare ( : WCG) is a majoer corporate player and employer in the Tampa Bay area. Sincr going public in 2004, WellCare' revenue soared to more than $4.
5 billion and the company rapidly ascender to become the third largest public company in the Bay with morethan 3,000 employees. The compan is among the largest providers in the natiojn of managed carefor government-sponsored health pland such as Medicare and Medicaid. Update: Neitherr investigators nor the company have disclosed the nature of the but analysts who scrutinized the search warranft that triggered it say the government investigationn appears to befairly limited, with a focus on WellCare'z Florida Medicaid business and its mentakl health unit in particular. The stocjk price has recovered some, closinvg at $41.95 on Dec. 21.
Outlook: WellCare faces several shareholder lawsuits, and at least one provider, Cleveland Clinic, said it would stop doiny businesswith WellCare, although federal Medicare officials renewed its stand-alonse drug plan for seniors through 2008. The The declining residential real estats market in Florida took a heavy toll on Millions of dollarsz in construction loansat St. Petersburg home builder, , stoppee work and filed for bankruptcy. The bank agreed to a ceaswe and desist order with federal and state regulators and fired its Brian Grimes, while searchinb for a buyer.
Why readers care: While Coast was hit harder than most bankzs in the TampaBay area, many bankw based here or with a significant presence here have reportedf a sharp uptick in troubled residential real estate The higher provisions for loan losseds cut into income and returns to shareholders. Many bankxs have tightened standards and terms for loands and hired more people to service and collecttroubleed loans. Update: St. Louis-basecd bought Coast for the bottom-dollar prices of $12.1 million on Nov. 30. Anne Lee, who was actingb president of Coast, is Florida retailp banking president forFirsf Banks.
Outlook: First Banks plans to rebuild and add capacity to commercialp lending operations of the former Coastr by hiring a commercial market president and It will face challenges in finding those as many other banks make a strong effort to beef up theitr commercial lending operations to counter the impact of the soft realestate market. The story: Five years of the heftiesg increases inproperty taxes, the need for changes in how properthy insurance works in storm-risked Florida have dominated On insurance, a law passed in Januaryh increased the size of the state's hurricane-catastrophed fund, but policyholders are yet to see the 24 percenr rate reduction that the governor and Legislatur e were told the legislation would Why readers care: Taxes and insurance cost businesses dearly and relat e to everything from recruitment and job retentiomn to commuting time, affordable housing and work force.
The residential market became a multibillion-dollard industry in 2005 and 2006 with buyers eating up everythinfgfrom 4,000-square-foot luxury homes alonfg the waterfront to studio-sizee apartments in 40-year-old buildings. too much of that buying power came fromspeculators -- many signintg on to the gold rush usingh life savings or equity from thei r existing homes -- which produced thousands of dark windowa and developers looking for ways to start making theitr debt financing payments in the Tampa Bay area. Why readersa care: Residential real estate is essentiallyh a lifeblood of economiv developmentand stability.
Companies won't relocate, expand or even start up in the regiomnif there's concern that theres won't be enough housing to brin in a desired work force. At the same a number of contracting companiea depend on steady growth on the residential and they have suffered as a resulyt with layoffs and some even being forcedd toshut down. Update: If the drop in sales weren'tr enough, the residential market struggled to rebound when the subprime loan market crashed earlier this year after lenders picked up more bad debt than itcoulfd handle. Buyers with adjustable rate mortgagexs also have suffered under higherinterest rates, fueling what has becomer a dominating foreclosure market.
The downturn has createxd a lot of opportunityfor lawyers, work out marketers and others. Outlook: Rental communities have come back into vogues especially now that converted condominiumsw are returning to the rental Even multifamily projects originally planned as condoa are now breaking ground asrentak communities. At the same the housing market is slowly findingy its feet again as existing home sales pick up and median pricews have begunto stabilize. Trumped: Developers Donald indifferentThe story: Macabre directod Wes Craven probably wished he'd dreamed up the Trump Toweer Tampa saga of life, death and possible resurrection. It's a zombi story yet to be wrapped.
But neitherr an imploded condo market nor a lawsuit from Donald Trump himself have been able toderail 's determination to get this 52-story tower Why readers care: Trump Tower Tampa means a lot to the business psychs of town. The Donald's interest in downtowhn dirt lent a new degree of credibility andnational flattery, and the project'a ultimate failure would leaved a city feeling conned. Update: With unit owners Trump filed suit against SimDagin May, demandin g his name pulled from the effort along with a checj for more than $1 million owed for its use.
Trump Tower was dead a month when developeer SimDag told the mediathe project's demise had been exaggerated and that a matcn had been made with an unidentified hedgee fund to bank $235 million for the In a recent Wall Street Journal Trump called the Tampa project insignifican and emphasized that his involvement with SimDag has been in name Outlook: Developers eased some concernzs by meeting with unit ownerx in September. But as the year ends, nothingf has changed with TrumpTower Tampa. SimDagv CEO Frank Dagostino told the TBBJ it is inchinv closer and closer on a completesfinancing agreement.
Ills at WellCare: Were earningsa too good to be trueThe story: The Tampa corporate headquarters of were raidedc Oct. 24 by 200 statw and federal lawenforcemenyt agents, including the FBI and the Florida Attorney General's Medicaif Fraud Control Unit. Following the raid, the company's stocjk price plunged from $122 a share to less than $22 a sharre and state regulators delayed pending expansion Whyreaders care: WellCare ( : WCG) is a majoer corporate player and employer in the Tampa Bay area. Sincr going public in 2004, WellCare' revenue soared to more than $4.
5 billion and the company rapidly ascender to become the third largest public company in the Bay with morethan 3,000 employees. The compan is among the largest providers in the natiojn of managed carefor government-sponsored health pland such as Medicare and Medicaid. Update: Neitherr investigators nor the company have disclosed the nature of the but analysts who scrutinized the search warranft that triggered it say the government investigationn appears to befairly limited, with a focus on WellCare'z Florida Medicaid business and its mentakl health unit in particular. The stocjk price has recovered some, closinvg at $41.95 on Dec. 21.
Outlook: WellCare faces several shareholder lawsuits, and at least one provider, Cleveland Clinic, said it would stop doiny businesswith WellCare, although federal Medicare officials renewed its stand-alonse drug plan for seniors through 2008. The The declining residential real estats market in Florida took a heavy toll on Millions of dollarsz in construction loansat St. Petersburg home builder, , stoppee work and filed for bankruptcy. The bank agreed to a ceaswe and desist order with federal and state regulators and fired its Brian Grimes, while searchinb for a buyer.
Why readers care: While Coast was hit harder than most bankzs in the TampaBay area, many bankw based here or with a significant presence here have reportedf a sharp uptick in troubled residential real estate The higher provisions for loan losseds cut into income and returns to shareholders. Many bankxs have tightened standards and terms for loands and hired more people to service and collecttroubleed loans. Update: St. Louis-basecd bought Coast for the bottom-dollar prices of $12.1 million on Nov. 30. Anne Lee, who was actingb president of Coast, is Florida retailp banking president forFirsf Banks.
Outlook: First Banks plans to rebuild and add capacity to commercialp lending operations of the former Coastr by hiring a commercial market president and It will face challenges in finding those as many other banks make a strong effort to beef up theitr commercial lending operations to counter the impact of the soft realestate market. The story: Five years of the heftiesg increases inproperty taxes, the need for changes in how properthy insurance works in storm-risked Florida have dominated On insurance, a law passed in Januaryh increased the size of the state's hurricane-catastrophed fund, but policyholders are yet to see the 24 percenr rate reduction that the governor and Legislatur e were told the legislation would Why readers care: Taxes and insurance cost businesses dearly and relat e to everything from recruitment and job retentiomn to commuting time, affordable housing and work force.
Thursday, June 14, 2012
Photos from the first day at the US Open - San Francisco Chronicle (blog)
caloloary.blogspot.com
San Francisco Chronicle (blog) | Photos from the first day at the US Open San Francisco Chronicle (blog) Thousands of golf fans watched the first rounds of the 112th U.S. Open from the hills above the 18th green at The Olympic Club on June 14, 2012 in Daly City, ... Mickelson struggles from the start again Live blog: Tiger charges, Phil stumbling US Open Golf 2012: Best Picks and Predictions from Around the Web |
Wednesday, June 13, 2012
Ben Franklin Technology Partners OKs Click Equations, other investments - Philadelphia Business Journal:
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million to eight early-stage companies. Click Equations of Conshohockejnwas OK’d for $250,000. The company’s pay-per-clicik software enables advertisers and agencied to manage large paidsearch campaigns. • ColdLight Solutions LLC of Waynr was approvedfor $250,000. ColdLight make s software applications capable of scourinb vast volumesof data, making strategic recommendations and actuallt learning from success and failure. • CoreDial of Plymoutj Meeting was approved for CoreDial provideshosted PBX, VoIP, and data services for emerging growth and medium businesses. Hybrid Integration of Yardley will beallottec $225,000.
Hybrid develops workflowe automation software forthe printing, packaging and publishing industries. • The Neat Co. of Philadelphiz will get $87,500. The Neat Co. develops and retails hardwars and software solutionsto scan, analyzse and organize receipts, bills, businesxs cards and more — then stores everything on a computer for easy reference. • Sage Technologies Ltd. will get Sage manufactures and marketslow power, portable thermal imaginvg (infrared) systems for front-line military and firefighting • Smart Structures Inc.
of Southampton will get Smart developed a system that test and monitors the health ofthe nation’s physica infrastructure, based on a miniatur e wireless sensor designed to be cast directly into wet concretes during construction. • TicketLeap Inc. of Philadelphiw was approved for $250,000. TicketLeap is a full-service ticketing software and event-management solution. Ben Franklin Technology Partneres of Southeastern Pennsylvania is part ofthe Pa.
-based Ben Franklin Technology Partners economic development
million to eight early-stage companies. Click Equations of Conshohockejnwas OK’d for $250,000. The company’s pay-per-clicik software enables advertisers and agencied to manage large paidsearch campaigns. • ColdLight Solutions LLC of Waynr was approvedfor $250,000. ColdLight make s software applications capable of scourinb vast volumesof data, making strategic recommendations and actuallt learning from success and failure. • CoreDial of Plymoutj Meeting was approved for CoreDial provideshosted PBX, VoIP, and data services for emerging growth and medium businesses. Hybrid Integration of Yardley will beallottec $225,000.
Hybrid develops workflowe automation software forthe printing, packaging and publishing industries. • The Neat Co. of Philadelphiz will get $87,500. The Neat Co. develops and retails hardwars and software solutionsto scan, analyzse and organize receipts, bills, businesxs cards and more — then stores everything on a computer for easy reference. • Sage Technologies Ltd. will get Sage manufactures and marketslow power, portable thermal imaginvg (infrared) systems for front-line military and firefighting • Smart Structures Inc.
of Southampton will get Smart developed a system that test and monitors the health ofthe nation’s physica infrastructure, based on a miniatur e wireless sensor designed to be cast directly into wet concretes during construction. • TicketLeap Inc. of Philadelphiw was approved for $250,000. TicketLeap is a full-service ticketing software and event-management solution. Ben Franklin Technology Partneres of Southeastern Pennsylvania is part ofthe Pa.
-based Ben Franklin Technology Partners economic development
Monday, June 11, 2012
House moving to hold Holder in contempt - Washington Times
oryucyjofec1482.blogspot.com
Washington Times | House moving to hold Holder in contempt Washington Times By Stephen Dinan The House of Representatives is moving forward with proceedings to hold Attorney General Eric H. Holder Jr. in contempt of Congress â€" a major escalation in the separation-of-powers battle over “Fast and Furious,†the Obama ... < /p> |
Sunday, June 10, 2012
LeBron James: Heir Apparent To Michael Jordan At Nike - Seeking Alpha
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LeBron James: Heir Apparent To Michael Jordan At Nike Seeking Alpha After Kobe Bryant, King James is the latest heir apparent to Michael Jordan. For LeBron James, at 27, winning time was yesterday. King James is in a precarious position, as he purposefully chose to share the load with fellow all-stars Chris Bosh and ... |
Friday, June 8, 2012
EMC ups bid for Data Domain to $2.1B - Boston Business Journal:
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billion, up from its previous $1.8 billio n offer. The new offer pricr comes after weeks ofEMC (NYSE: EMC) stating to the board of directorss and shareholders of California-based Data Domain DDUP) that its all-cash offee was better than the $1.9 billion stock-and-cash proposapl from (Nasdaq: NTAP), which is also aiming to buy Data To sweeten the deal, EMC says it has removef all deal protection provisions from the According to officials, EMC is readh to close the transaction within two weeks, whichh is almost a monthn faster than the NetApp proposal. The has alreaduy granted EMC early termination of the antitrust waiting officials said.
After EMC president and CEO Joseph Tucci sent a letter to Data Domaijn president and CEO Frank Slootman expressing disappointment at not receiving early notice of a possiblr saleto NetApp, the Hopkinton, Mass.-based company offered its own bid, 20 percent highefr than NetApp’s original offer. NetApp responded with a highercountetr offer. EMC reported a profit for 2008of $1.3 billiobn on revenue of $14.8 billion.
billion, up from its previous $1.8 billio n offer. The new offer pricr comes after weeks ofEMC (NYSE: EMC) stating to the board of directorss and shareholders of California-based Data Domain DDUP) that its all-cash offee was better than the $1.9 billion stock-and-cash proposapl from (Nasdaq: NTAP), which is also aiming to buy Data To sweeten the deal, EMC says it has removef all deal protection provisions from the According to officials, EMC is readh to close the transaction within two weeks, whichh is almost a monthn faster than the NetApp proposal. The has alreaduy granted EMC early termination of the antitrust waiting officials said.
After EMC president and CEO Joseph Tucci sent a letter to Data Domaijn president and CEO Frank Slootman expressing disappointment at not receiving early notice of a possiblr saleto NetApp, the Hopkinton, Mass.-based company offered its own bid, 20 percent highefr than NetApp’s original offer. NetApp responded with a highercountetr offer. EMC reported a profit for 2008of $1.3 billiobn on revenue of $14.8 billion.
Thursday, June 7, 2012
“Being Frank†| TREATY RIGHTS ARE CIVIL RIGHTS | Billy Frank, Jr. Chairman ... - Central Kitsap Reporter
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“Being Frank†| TREATY RIGHTS ARE CIVIL RIGHTS | Billy Frank, Jr. Chairman ... Central Kitsap Reporter The tribes' fight to preserve and protect the salmon and our treaty fishing rights has mirrored the civil struggle in the United States. That's because treaty rights are civil rights, just like your right to vote, and they are protected under the US ... |