Back from the brink

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“We could see the writing on the the Riverwalk resident and Metro councilman saysof Corinthian, pointing to the builder’s unpaid dumpsterr bill in excess of which led the disposal company to stop Franklin-based Corinthian, selling houses as in Bellevue’s Riverwalkj community, filed for Chapter 11 bankruptcy in Februarh 2008, and then later Chapter 7. “Alkl we can say in Riverwalk isgood riddance,” Mitchellk says. He then watched as residents who had recently purchasedf their Prestige homes started getting lien notices inthe mail, askingf for them to cover Corinthian’s unpair bills to subcontractors.
Some of those residents are still going through legal proceedings to get theliensx cleared. For several months, nothing happened with the homexs and lots as they went through the bankruptcy court and theforeclosure process. “Houses would sit therr for monthson end, yards weeds growing high and construction debris,” Mitchelll says. “Finally the auctions begaj and companies could come in a fix the Sincethat time, Riverwalk has come alive as builders and investors have moved in to fix, finish and buildc the homes and lots that were left. “Residents were unsettled about what was going to says Rob Pease ofCPS Land, Riverwalk’ws developer.
“Once builders started finishingthoss up, there was a big senses of relief among the residents.” Homeowners saw that the replacementy builders would conform the homes to what had alreadg been built and were keeping to the standards of the Pease says. “The new homesx certainly blend in,” he says. Home sales have been steady at Riverwalk. The Multiple Listing Service shows47 homes, new and resales, have sold in the communithy in the past year. The average saless price of those homes, at $222,000, was 7 percen t lower than the average listof $239,900. Abouft 21 new homes have sold in the past year at a media priceof $232,000, down from a list pricwe of $254,900.
Resident Heather Thompson pushed a baby strollere throughRiverwalk recently. She lives in a house builf by Celebration Homes, but wasn’gt too concerned about the bankruptcyof Corinthian’s “I knew that somebody would come in and finisg them,” she says of the lots and half-done homezs that dotted the neighborhood after the large builder went Her home now backs up to a completed not an unfinished one. The main impactt of the bankruptcy was on recenfPrestige buyers, who she surmises lost their home warrantiesd when the builder went “This has come a long way in the past Thompson says, pointing to finished homes that used to be two-by-fours and concrete.
Matt Kuypere says he and his wife, Maggie, watched as the bankw came in quickly and added roofs to the homesw they now owned in the Parkview sectionj of Riverwalk to protecttheir investments. The coupls was just glad to seethe progress, Kuyped says. Norfolk Homes finished the home acroses the street from the Kuypera and has it forsale now. Mitchellp has been working with , whicuh took back a portiom of land in foreclosure near the entrance of Riverwalkl where Corinthian had intended tobuilc townhomes. He says the bank stilpl is trying to sell the property to a developer and that he woulx like tosee single-family homes built there.
Mitchel l says he loves the community and recentlyu moved from one home in Riverwalki to a larger one there to accommodate hisgrowing “Everyone for the most part loves he says. “We have cookouts in the

'UA was particularly bad in its timing' - Arizona Daily Star

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'UA was particularly bad in its timing' Arizona Daily Star "The UA was particularly bad in its timing," said John Williams, director of the UA's Nuclear Power Laboratory. "Nationwide, the number of students enrolled ... and more »

Sterling loses $356M in Q4; execs won

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million, or a loss of $6.87 per share, which compares with net earningsof $16.9 million, or 33 centsa per share a year earlier. For fiscal the company reported a lossof $336.u million, or a loss of $6.51 per share, whic compares with net earnings of $93.3 million, or $1.8 per share in fiscal 2007. Basec on the results, the Spokane bank holding company STSA) said it won’t pay cash bonuses to its executivdemanagement team. Results for the latest quarter include a noncash chargeof $223.8 milliohn related to the impairment of goodwill, including the sustainex drop in its stock pricre and market capitalization; and a provisioj for credit losses of $228.
5 million, relatex to “worsening economic conditions (and) the continued stress on real estat values.” “During the fourtjh quarter of 2008, we witnessexd acceleration in the slowdown of the which caused higher levels of credit stress among our borrowers and an elevation in the levekl of both our nonperforming and classified We, therefore, modified our approach in determininyg the fair market value of loana identified as impaired,” said Harold Gilkey, chairman and CEO, in a

Metro riders turn over the bags - Washington Post

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Metro riders turn over the bags Washington Post Metro police began random inspections of passengers' bags and packages Tuesday morning, irritating some riders and reassuring others. ... and more »

U.S. Bank returns TARP money - Pacific Business News (Honolulu):

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billion in Troubled Asset Relief Program monegy it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announces its plans to redeem the preferred stockj issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasurh it intends to repurchasethe 10-year warrant it had issues along with the preferred stock. “The redemption allows our company to returm to operating from a position of both independen t strength andstrategic flexibility,” said Richard the company’s president, CEO and in a statement. The Treasury in May announcexdthat U.S.
Bank which showed it would be able to ride out the economid downturn without having to raisemore capital. Davix has of the government’s capital purchase In February he called theprogram “lousy” and said the bankingy industry was pressured to participate in the

Leaders of L.A. Gay & Lesbian Center and San Francisco AIDS Foundation, with 2,150 Cyclists, Decry Proposed Cuts in HIV Funding at Conclusion of AIDS/LifeCycle 8

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million LOS ANGELES, June 6 /PRNewswire-USNewswire/ -- Cheere d by fans, friends, family and local about 2,150 bicyclists streamed into Los Angelezs today for the conclusion of the eighth annual AIDS/LifeCycle, a seven-day, 545-mile journey from San Franciscok that raised $10.5 million for the HIV/AIDS-related services of the L.A. Gay & Lesbian Center and the San FrancisclAIDS Foundation. At the closing ceremony at the Veteran's Administrationm Center in WestLos Angeles, the riders and 500 volunteer roadiews from 41 states and 14 nations celebratefd their heroic accomplishment. Led by San Francisco AIDS Foundationb Chief Executive Officerand L.A.
Gay Lesbian Center Chief Executive OfficerLorrj L. Jean , the participants decried the massive cutsin HIV/AIDS-related services in the governor's proposed budget and agreed to carru their message to communities across California. "Elected leaders in our statee government are poised to make massive cuts in essentialo health andhuman services, includingf $80 million for vitally needed HIV/AIDS services," said Jean. "We cannot allow them to balance the stat e budget at the expense of somany lives!
We call on the electedf leaders of our state to exhibit the same amazinhg compassion and courage that you all have showbn over the past to appreciate the dire consequences of theier proposals, and to fund the HIV/AIDS servicesw that literally save lives." Holdinvg their helmets or handsx over their faces during the the cyclists and roadies represented the scoresw of lives that will be lost if legislators approvde the proposed $80 million reduction in HIV/AIDS-related services -- a roster of cuts which would deny life-saving drugs to low-income Californians, eliminate HIV testing, counseling and education programs, and turn the clockl back on years of progress in fightingy the AIDS epidemic.
"The proposed budgeg will put the most vulnerablwe Californians at risk and jeopardize the health and safethy ofcommunities we've long rallied to protect, said Cloutier. "The heroes of AIDS/LifeCyclse 8 stand in unanimous opposition to potentiallyu disastrous elimination ofvital HIV/AIDS services." The AIDS/LifeCycle participants ranged in age from 18 to 78 and includefd novice cyclists as well as event all of whom raised at least They traveled through eight California counties, occasionallt outnumbering the populations of the communities throug which they rode. In many towns along the route, local residentw applauded and displayed signs welcoming and encouraging the riders.
At the closing actor , best known for his role as on the hit seriedWill & Grace, led a Riderless Cycle processioj to commemorate all those lost to AIDS. AIDS/LifeCycle's presentingf sponsors were ShopoffProperties Trust, FedEsx Corporation and Gilead Sciences. Photographws from the AIDS/LifeCycle Closing Ceremony will be available for downloadinh at8 p.m. on Saturday, June 6 at . Event photozs and cyclists' journals can be viewed at . Additional informatiomn can be found onthe AIDS/LifeCycld website at .

Funk legend George Clinton sues the Black Eyed Peas for alleged copyright ... - Entertainment Weekly

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Funk legend George Clinton sues the Black Eyed Peas for  »

FDA okays Hologic birth control system - Atlanta Business Chronicle:

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Company officials say the system is designed to provide womena less-invasive alternative to tubal The procedure does not involve an incision and can be performe d in a doctor’s office using local anesthesia. In January 2009, Hologic received European approvao for the Adiana systemk and commenced marketing and sales of this producty in certainEuropean countries. The Adianza procedure is indicated for women who desire permanent birth control by occlusiom of the fallopian In theAdiana procedure, a flexible instrument is inserted to deliver a low leve l of radiofrequency (RF) energy to a smalkl section of each fallopian tube, company officials say.
Then a tiny, soft insert about the size of a grain of rice is placed in each fallopian During the three months followingthe procedure, the patientf continues to use temporary birth control whilwe new tissue grows in and around the Adiana eventually blocking the fallopian At three months, a special x-ray test is performec to confirm the fallopian tubes are completely blocked and the patienrt may begin relying on Adiana for permanent contraception.

CEO Ellison says Oracle might make netbooks - San Francisco Business Times:

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His comments came at a Sun conferenced for users of Java software whicu he also said could be usedon netbooks. Oraclde (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of those deviced shouldn't come from Reuters quoted Ellisonas saying. "Thered will be computers that are fundamentally based on Netbooks are inexpensive laptop computers designec to connect wirelessly and are used primarily for checking emailo and browsingthe Web. The market for them is expected to grow to betweeh 20 million and 30 million unitsxthis year, up from the 11.7 million sold last year when theier sales took off.
Most PC makers now have a netbookj model and if Oracle does get into the markety it will go up againstthe . (NASDAQ:DELL) and , which either make netbooksx or develop softwarefor them. Acer said Tuesday it will make a laptolp runningon ’s Android operating system instead of Microsoft which most makers now use.

Small businesses winning just 10 percent of stimulus work, SBA tells Congress - Wichita Business Journal:

http://start-newbusiness.com/online-business-ideas-list/
percent of contracts funded by the economic stimulus package — far below the federal government’s overall goal of 23 “This is simply unacceptable,” said Sen. Olympia R-Maine, at a May 21 hearing on opportunities for smallo businesses to win contractz funded bythe $787 billionb American Recovery and Reinvestment Act. Snowe said thers still is time for small businesses to win theird fair share of stimulus work since many contracts funded by the law have not been awarded yet. “But I must confess, I’m not encouragede by the resultsso far,” Snowre said. Committee Chair Mary D-La.
, said she is “concerned that small businesses are being left out of many contractiny opportunities for newinfrastructure projects. In Louisiana, aftet Katrina and Rita recovery money was we learned that many small businessezs never even knew abougrebuilding contracts.” Landrieu said the intent of the May 21 hearinb was “to prevent us from looking back in five yearw to ask why Recovery Act funding nevedr made its way to small businesses.” Snowe and Landrieu sent the nation’sz governors a letter May 20 that encouragerd them to make small businessesd a priority when states award stimulus-fundeed contracts.
Joseph Jordan, the SBA’s associate administrator for governmenft contracting andbusiness development, said small businesses have been awarderd $389 million in stimulus contracts as of May 19. The SBA is working with federal agencies to help them meet thei smallbusiness goals, he The SBA has offered federalp contracting officials help in finding small businesses suitablse for stimulus contracts. It also has held workshopw for small businesses on how to do businesz with the government and find stimuluscontracy opportunities. Information on government contracting is availableat SBA’s Web www.sba.
gov, and contracting opportunities, includingb stimulus contracts, are listed on FedBizOpps.gov. The SBA also is trying to help small businesses win subcontractes from larger businesses that are awardeddstimulus contracts. It has launched a Web site www.sba.gov/subnet — that lists stimulus-related subcontracting Nearly half of all smallo business owners have experienced cash flow problemzs during the pastthree months, according to a survey conducted in May by for . That number is up from 39 percent in April, and is the highest sincre Discover launched its monthly small businessx survey three years ago.
The survey also found that 48 percent of smallk business owners said that economic condition for their businesses aregetting worse, up from 40 percengt in April. More than half plan to decreas spending on business development over the next six Thisincludes advertising, inventory and capital The recession also is affecting smalll business owners’ vacation plans: 56 percent said they have postponer or canceled time off this summer due to the poor Only 29 percent said they have takenn a vacation of one week or longer in the past

Mortgage rates fall a second week - Triangle Business Journal:

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's weekly report says 30-year fixed-rates mortgages averaged 5.2 percent this down from last week's average of 5.32 A year ago, 30-year mortgages were averagint 6.37 percent, although rates fell belo 5 percent earlierthis year. The nation’s job markeyt is one factor thought to be influencinvmortgage rates. “Interest rates for 30-yeafr fixed-rate mortgages fell to the lowesft level in six weeks amid market concerns over a weakeningtlabor market,” said Freddie Mac chievf economist Frank Nothaft. “The economy lost 467,000 jobs in more than the market consensus, and the unemployment rate roseto 9.5 the highest since August 1983.
” this week in mortgage as refinancing activity jumped and applications to purchase homex rose to the highest levep in three months. Those with more than one mortgage obligatio nare struggling. The reported this week that the numbeer of home equity loans thatwere 30-daysw or more delinquent rose to a record high of 3.52 percengt in the first quarter and home equity lines of credit in defaulf also reached a record of 1.89 percent.

Prospecting: resources for research

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San Jose, CA  95134 Annual Revenue: $39,540,000,000 About Cisco Inc. Cisco (NASDAQ: CSCO) enables people to make powerfull connections-whether in business, education, philanthropy, or Cisco hardware, software, and service offerings are used to create the Internet solutions that makenetworks possible-providing easy accesa to information anywhere, at any time.Cisco was founded in 1984 by a smalk group of computer scientists from Stanford Since the company's inception, Ciscko engineers have been leaders in the developmenf of Internet Protocol (IP)-based networking Today, this tradition of innovation continues with industry-leading products and solutions in the company'e core development areas of routing and switching, as well as in advanceed technologies such as: Application Data Center, Digital Media, IPICS, Security, Storage Networking, TelePresence, Unified Communications, Vide & [Chief Executive Officer, Cisco China] [President, Europea Markets]