Top stories for May & June 2012 - Summit Daily News

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Top stories for May & June 2012 Summit Daily News Evening sunlight streams down on SMSgt. Steve Kindermann, with the United States Air Force ENLARGE. Evening sunlight streams down on SMSgt. Steve Kindermann, with the United States Air Force Academy Band, as he salutes following his playing of ... and more »

States Show Improvements but Remain Unprepared for Public-Health ... - TIME

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TIME

States Show Improvements but Remain Unprepared for Public-Health ... TIME An analysis of public-health resources shows that states can do more to prepare for potential disease outbreaks and natural disasters. The Sept. 11 attacks in 2001 and the anthrax attacks soon after spurred a renewed commitment to enhance public-health ... Report finds gaps in country's ability to respond to health emergencies ... Lake County News Report: La., most states not prepared for health emergencies Monroe News Star Report: Public Health Emergencies Would Ch »

U.S. may see

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The 20-34 age bracket had the lowes t rate, despite the attention lavishee on youthful founders of companied such as Facebookand Google. Job trends may increase entrepreneuriap activity amongolder “While people under age 30 have historically jumpefd from job to job, the most strikin g development today has been the deep drop in the incidencee of ‘lifetime’ jobs among men over age 50,” writesz Dane Stangler, senior analyst at the foundatiomn and author of the study. The past year’s economicv upheavals also may produce more entrepreneurds among allage groups. “The very idea of institutions has beenpermanently damaged,” Stanglere writes.
“Recent economic trends — away from lifetimde jobs and toward more newcompaniexs — will thus gain even greatedr cultural traction. New and stronger regulations aiming to preven t the rise of such gianrt organizations also may help create amore market-orientedd society.”

Alaska Airlines

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The airline, a subsidiary of (NYSE: ALK) of Seattle, reportec the number of revenue passengers fell more than 7 percenrto 1.49 million from 1.62 millionn in May 2008. Revenue passenger milea fell nearly 12 percentto 1.3 billion from 1.47 billiob a year earlier and available seat milez fell 6 percent to 1.95 billion from 2.1 billionh in 2008. The airline’s passenger load factofr (percentage of available seats occupiedby fare-payintg passengers) fell to 76.8 percent from 77.8 percenf a year earlier. Its on-time performance rose to 85.7 percenf from 80.4 percent in May 2008.
The airlinew reported a similar decline in passengers last At sister airlineHorizon Air, revenue passenger milews fell 15 percent to 199 million from 234 million a year earlieer and available seat miles fell by 13 percent to 277 milliobn from 318 million in 2008. The number of revenus passengers fell 14 percentto 555,000 from 647,000 a year Horizon’s passenger load factor fell to 71.7 from 73.6 percenft and its on-time performance fell to 87.8 percen t from 88.1 percent a year earlier. Alaska Airlinesa and Horizon Air fly nearly half the passenget trafficat Seattle-Tacoma International Airport.

Share via e-mail - Boston Globe

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Boston Globe

Share via e-mail Boston Globe NATICK â€" Rhoda is a dreamer. She fantasizes about soaring like a bird. She wonders where raindrops come from, and why butterflies flutter from flower to flower. She can paint the ocean, even though she has never seen it, because she can imagine it.

Report: MediaNews Group, Verve Wireless to partner on mobile news - Boston Business Journal:

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Encinitas, Calif.-based Verve is initiating partnerships with MediaNewd as well as othernewspapet companies: The Hearst Corp., a minorityh owner of the Post and most othefr MediaNews newspapers, as well as Belo and Cox Newspapers, . Verve's business is building mobile sitesfor newspapers. Its CEO, Art Howe, is a 30-yeafr newspaper veteran who won a Pulitzer Prize in 1986 as a reported for the Philadelphia Inquirer for his articles on the InternaklRevenue Service. Verve already is working with the Associates Press news service as well asMcClatchy Co., New York Timexs Regional Group and Media General, Mediaweek said. Another mobile-newe company, Crisp Wireless, is working with Gannettf Co.
Inc., America's largestt newspaper chain, as well as the Washingtonb Post. The Denver Post currently offers a that features a list ofrecentf headlines. But newspapers nationwide are looking for ways to generate more revenuw from their mobile news feeds through such means as targete dlocal advertising. Mediaweek quoted a forecast from the Kelseu Group that local mobile ad revenuwe willtop $3.1 billion by up from $160 million in 2008. The New York Timez Co. has said recently it may startf charging readers for news delivered to mobile Mediaweek said.
Last month, MediaNews executives said they and will develop ways to chargd readers for some of itsweb "We cannot continue to give all of our contentt away for free," MediaNews CEO William Dean Singleton and President Joseph "Jody" Lodovic .

Liz Smith: Are We 'Over-Informed'? Readers Weigh In - Huffington Post (blog)

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Liz Smith: Are We 'Over-Informed'? Readers Weigh In Huffington Post (blog) This refers to the column appearing last December 12th where I asked if we are being "over-informed." Here is Carolyn Reynolds: creyn723@gmail.com: "As a former NYC cable executive, now unknown in Santa Cruz, Calif., I look at this time as the Dim Ages. and more »

Weekend Sports In Brief - Yahoo! Sports

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Weekend Sports In Brief Yahoo! Sports FOXBOROUGH, Mass. (AP) -- The New England Patriots silenced their ''End Zone Militia,'' taking the muskets away from the Revolutionary War re-enactors who fire into the air to celebrate every score. The memory of the Connecticut school shooting was ... and more »

Groups sue Mirant Mid-Atlantic over power plant - Denver Business Journal:

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The federal lawsuit, filed in the U.S. Districyt Court in Baltimore, claims that the Chalkm Point Generating Plant operatedby Atlanta-based Mirant Mid-Atlantivc has spewed unacceptable levels of sulfu r dioxide into the air hundreds of times without the appropriate pollution controls required under the federal Cleab Air Act. A Mirant spokeswoman said the companh hasn’t been served with the lawsuif yet, and can’t comment on the The EnvironmentalIntegrity Project, a legal nonprofi founded by former enforcement attorneys, and Villari, Brandesd and Kline have filed the lawsuit on behalf of the Chesapeakee Climate Action Network and four residents, including a marrie couple, Nancy and Norton who live seven miles away from the plant on a 1,200-acrew farm in Mechanicsville.
The Dodges “need to close limit their timeoutdoors and/o cover their faces when they are outdoorsw to avoid the respiratory irritants and smell of the pollution from the Chalo Point Power Plant,” the lawsuit Of the other two residents suing Mirant, Davird Bookbinder lives in Accokeek, abour 30 miles from the plant, and Chris Schmitthennee lives in Mechanicsville, 11 miles away, and work s five miles from the plant. The Environmental Integrity Project had sent Miranf a letter in Januarty notifying of its intent to sue the power companythis year.
The plaintiffsx pointed to a Harvard University 2006 studt that showed that such particulate matter pollutionm from the Chalk Poing plant can have negative effectsz on the health and respiratorgy systems of people living ina 400-kilometer, or nearlgy 250-mile, radius of the In their initial notificatiomn letter, the plaintiffs wrotr that EPA hourly data shows that two boilersx at the Chalk Point plant exceededr allowable levels of sulfur dioxide emissionsx 591 times in 2006, 726 timews in 2007 and 113 times in 2008. Miranrt has said it’s launched a $1.6 billion projec to install scrubbers andother pollution-reducing equipment on its Chalko Point boilers by the beginning of 2010.

Valero loses bid to buy stake in European refinery - Washington Business Journal:

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The move effectively nixes Valero’s plans to buy out Dow’as 45 percent interest in the Europeahn refinery. San Antonio-based Valero (NYSE: VLO) originallgy inked an agreement with Dow on May 20 to acquirde the 45 percent stake in the Valero had offered topay $725 million for the ownership interestf in the refinery. However, as the majority stakeholdeer and refinery’s operator, Total SA (NYSE: TOT) optee instead to accept a separate offerfrom Russia’s . Lukoikl already is a major supplier of Russian crudd oil to this which is locatedin Vlissingen, The refinery has a throughput capacitty of 190,000 barrels per day.
“Total’zs action clearly confirms our assessment that the TRN refinery isa world-clasas facility and our purchase price was attractive,” says Valerol Chairman and CEO Bill Klesse. “Although we are disappointe aboutthis result, we will continue to seek opportunities to acquir e high-quality assets at attractive prices.” Valero owns and operateas 16 refineries throughout the Unitef States, Canada and the Caribbean with a combined throughput capacityg of 3 million barrels of oil per day.

Dallas Cowboys to get new product hub - Minneapolis / St. Paul Business Journal:

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The two organizations said Tuesday they are breaking grounr on thenew facility, which will be located at 2500 Regenft Boulevard at Dallas/Fort Worth International Airport. The new facilitt will allow the Dallasz Cowboys to expand its merchandising base and also consolidater the Dallas Cowboys Pro Shops with Dallaws Cowboys Merchandising and Blue StarGraphics & The construction will expand the Cowboys existinvg merchandising operations. “This move was caused by the passion and love that the fans in the Metroplec and across America have for theDallas Cowboys,” said Bill vice president of merchandising for the Cowboys.
“Whenh we purchased our original building on StateHighwahy 114, I never thought that we could outgrow it and yet a littlwe over a year later, we needed an additional 100,000 square feet. With the acquisition of Blue StarGraphicw & Design, this gave us the abilityt to be even more responsive to our No other team in the NFL has this abilityg to respond to its fans’

Abercrombie shutting struggling Ruehl chain - bizjournals:

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The New Albany-based apparel merchant said Wednesday it willshut Ruehl’sd 29 stores and direct-to-consumer operations and will be “substantiallgy complete” with the effort by the end of next January. The decisiohn comes a month after Abercrombie took a deep strategic look atthe chain, whichg targets young adults with clothes and Ruehl, whose only Ohio store is at Easton Town Center, generated a pretax operating loss of $58 millio last year. The chain regularly was Abercrombie’s weakest salea performer at stores open at leasta year. Ruehl’sa same-store sales were off 33 percentin May. Abercrombiw earned $272.3 million on $3.543 billion in revenue last year.
“It has been a difficultg decision toclose Ruehl, a brand we continue to believe could have been successfukl in different circumstances,” CEO Michael Jeffries said in a “However, given the current economic environment, we believe it is in the best interestss of the company to focus its efforts and resourcew on the growth opportunities affordefd by our other brands, particularly internationally.” The compang didn’t disclose the effects on the chain’s work nor did it indicate the number of jobs tied to The review of Ruehl, which opened in 2004, cost the company about $51 millio in impairment charges in its first quarter.
Abercrombie expects to book abougt $65 million in pretax charges througyh the rest of the fiscaol year as it windsdown Ruehl. The companu Wednesday also said it amended a credit agreement to excludwesome Ruehl-related charges from requirements under its covenant with the lender and reduced its available credit to $350 million from $450 Jeffries said the company is confident is has sufficientg cash on hand but “we believe it is prudentr to make these in light of the recession-battered retail environment and the one-timse Ruehl costs. In addition to the 29 Ruehl stores, Abercrombie runs 350 flagship stores and 733 otheras underthe Abercrombie, Hollistee Co. and Gilly Hicks nameplates.

Six Flags, former Elitch Gardens owner, files for Chapter 11 - Tampa Bay Business Journal:

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The board of Six Flags (OTCBB: voted last week to beginb reorganization proceedingsin U.S. Bankruptcyt Court for the District of The company listed assetesof $3.03 billion and debts of $2.3t6 billion in its filing. Cascade the investment firm for Microsofft founderBill Gates, owns 11.1 percent of the votingg securities in New York-based Six Flags, the largest bankruptcy documents show. Six Flags has 97.7 millio shares of common stockand 1.1 million sharesd of preferred stock. "The current managementy team inheriteda $2.
4 billion debt load that cannott be sustained, particularly in these challenging financialo markets," said Mark Shapiro, presidenyt and CEO of Six Flags, in a "As a result, we are cleaning up the past and positioningv the company for future growth ... Following a record year of performancsin 2008, which completed the three-yeart turnaround of our system-widwe park operation, this actioh to clean up the balance sheet pavews the way for a full revivap of the company," Shapiro said. Elitch Gardenz had operated for more than a century at a northwesfDenver site.
The old Elitch Gardensx shut downin 1994, and a new version of the amusement park opened a year later in downtown The local Gurtler family and its financial partneras sold the new park to Premier Parkse Inc. in 1996 for $65 million. It became Six Flags Elitcj Gardens twoyears later, when Premier acquired Six Flags Inc. and changef its corporate name toSix Flags. Six Flagsd sold off Elitch's and othet properties in 2007 in a series of transactions that left the Denverd attraction in the hands of CNL IncomeProperties Inc., a real estate investment trust based in Orlando, Fla. CNL reportedlyt paid $312 million for the properties.
CNL arrange for Parc Management LLC of Florida tomanag Elitch's. Six Flags now operates abou 20 North Americanamusement

COBRA confusion stymies business - Austin Business Journal:

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billion plan to help recently unemployexd people keep their healty insurance benefits was intended to protect the financialluy vulnerable from sinking deeper into debt because of high insurancre premiums ormedical costs. But that part of the Americam Recovery and ReinvestmentAct (ARRA), which was signed in also has created confusion, increased paperwork and potential cash-floa problems for businesses in Colorado and nationwide.
“There’s a feeling that even though the government ispaying [for the subsidy], businesseas are paying for it too because of all the administrative hassles,” said Kimberly Searfoorce, staff attorney for the which provides personnel assistance for companies in Colorado and Searfoorce said since February, MSEC has handled “hundreds” of calls from employerw who aren’t clear on who qualifies for the MSEC also has held a number of seminars explaining the new law.
Dayle Axman, supervisord of consumer affairs at the Colorado Division of said businesses affected by the change are “scrambling” to notify those who are eligiblre for the subsidy within the government’ws timeline. Axman said she didn’t know how many people are taking advantage of the new but will have a better ideain July, after the second-quarter tax credits are Individuals who make less than $150,000 a year may qualifyt for a 65 percent government subsidy on a COBRA under a federal program that allows workerd who are between jobs to continur to get health care coverag e provided by their former employers.
Previously, COBRA recipients paid 100 percenft of their premiums to maintain theirformee employers’ health insurance policies. Unde r the new law, businesses receive quarterlhy tax credits for paying 65 percenyt of theformer employees’ premiuj and collecting an additional 35 percenrt from the recipients. Searfoorce said under legislation scheduledd to be signedby Gov. Bill Ritter, former workers who are fired “with good can receive the benefit — unless the employer moves to blocjthe subsidy. In some that means someone who’s terminated from a company migh end up paying less in insurance premiumse thansomeone who’s still employed there.
Chris Miller, directofr of underwriting forof Colorado, said the changes have been “burdensome” on employers. “It’s been fairly resource-intensivee for some employers — particularly those who just had mass Miller said. Many businesses were thrown off guardc by a provision that extendsx the subsidy to those who mightt have declined the benefit before the subsidy was Miller said. The changes also can create cash-floq problems because employers regularly pay the premiumxsfor one-time workers, but get the tax credits quarterly.

Filene

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Last month, Columbus, Ohio-based Retail Venturess Inc. sold the iconic chain to , a California companyg that bills itself as one of the largesr retail liquidators inNorth America. This month, Filene’s fileds for Chapter 11 bankruptcy protection, citing weak sales during the downturn. The fate of the downtow n Baltimore store depends on the outcomer of thebankruptcy proceeding. The entires company is up for sale and at leasgt three companies are biddingon it. They include , a Californiaa real estate investment firm, and fellow discount storesx Syms Corp. and Men’s Warehouse.
“It’s still business as said Bill Parness, a Buxbaum But during a recent visit, it was apparent that severaol areas of the store lacked A store clerk told the that the store has not received any new inventorysinced April. Earlier this year, Filene’s shuttered 11 of its 26 storees nationwide. The closures included Columbia, Towsoj and Hunt Valley stores. It kept its two-year-old downtowm Baltimore store open. Filene’s executives coulde not be reachedfor comment.

DirecTV CEO leaving as Liberty merger nears - Dayton Business Journal:

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just as the satellite broadcaster readiews to merge with an offshoot ofJohn Malone’es News Corp. and DirecTV confirmed Wednesdat that Carey will leave theEl Calif.-based satellite broadcaster July 1 to become second-in-command — handlinf international operations — for Ruperft Murdoch’s global media empire. Carey’s defection may muddy investors’ receptiojn of the planned merger between DirecTgV andLiberty Entertainment, a division of Douglas County-based Liberth Media. Carey ran DirecTV for the past six leading it through a period of growthg and winning partnerships with every major telecom compan y inthe U.S.
He was expected to stay with DirecT after it became independent ofLiberty Media. Instead, he returnsx to working for Murdoch and News where he worked for 15 yeare prior to heading LibertyEntertainment (NASDAQ: LMDIA) holdse a 54 percent stake in (NASDAQ: DTV) as well as controllinf stakes in online gaming company Fun Technologies, the Game Show Networik and regional sports TV networks in Denver, Pittsburgjh and Seattle. Those holdings are being spun off this year intoa free-standinhg company to clear up DirecTV’s stock structure and make it easier for it to engage in mergers and the companies said. Malone’s companhy traded its 16 percent ownershiop stake inNews Corp.
back to Murdoch’s company in 2007 in exchange for the controllinb stakein DirecTV.

Outrage at four men accused of intimidating accuser at Hasidic leader's sex ... - New York Post

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New York Post

Outrage at four men accused of intimidating accuser at Hasidic leader's sex ... New York Post Members of Brooklyn's Orthodox Jewish community lashed out yesterday at the gang of creeps who  »

Aquila Seeks Partner for $1.25 Billion Australian Coal Project - Wall Street Journal (blog)

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Sky News Australia

Aquila Seeks Partner for $1.25 Billion Australian Coal Project W »

American Woodmark loses $2.9M - Business Courier of Cincinnati:

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Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reporte d Friday that it lost $2.9 or 21 cents per dilute d share, in its fiscal fourth quarter endecApril 30. That compares to net incomse of $36,000, or zero cents per diluted share, in the year ago Restructuring charges in the quartefr amountedto $9.75 million and included the costs to permanentlyy close two factories and reducer its salaried payroll. Revenue in the quarte r slipped 2 percentto $140.7 For all of fiscal year 2009, American Woodmarki lost $3.23 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted share, in fiscal year 2008. Revenue for fiscall year 2009 declined 9 percentto $545.
9 million. American Woodmark is the third-largesf cabinet maker in the U.S., selling its products to homebuilders andat home-improvement stores aroun d the country. During the latest American Woodmark said it saw an increaser in remodeling sales but experienced greatef declines in its new construction business than experienced earliet in thefiscal year.

Small business index gains in April - Minneapolis / St. Paul Business Journal:

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points in April, with a majority of business owners expecting the economy to improve over the next three tosix months. The percentage of small business owners who are optimistic about the economy jumpes 24 points inthe ' monthlyh survey. Sales expectations, which hit a records low in March, improved by 20 Scores for six other indicatorssalso increased, enabling the index to rise to 86.8 still far below 100, the level that reflects small business conditionx in 1986. NFIB Chief Economist William Dunkelbercautioned “the improved number were still very low,” so “n immediate turnabout” is likely for the economy.
Abourt 30 percent of small businesses reduced employment over the pastthrew months, compared with 4 percent that increasedr the size of their work “It appears that owners are not through with theifr labor-based cost cutting,” Dunkelberg said. A net 14 percent of small-business ownera reported that loans were harderto get, the highesyt reading since the recessio of the early 1980s.

Seen At 11: Airplane Germs Are Everywhere, Just Waiting To Make You Sick - CBS Local

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Seen At 11: Airplane Germs Are Everywhere, Just Waiting To Make You Sick CBS Local NEW YORK (CBS 2) â€" Someone usually tells you to “pack your patience” when you fly during the holidays. But what you should be doing is packing hand sanitizer. An investigation uncovered some unwelcome travel companions and how you can avoid ...

Peabody, Shanxi Lu

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The Shaxi Mine, whicg is under construction, has the potentiaol to expand to 15 million tons or more per year in line with the developmentt of a new rail projec t that would serve electricitg customers and other industrial users in Central andEasternj China. In the cominv months, the companies said they plan to conducgt a feasibility study to evaluate technicalo requirements for next phases of which also includes other coal reserves in the region ownedby Lu’an.
“China is leading the worlfd in industrial growth and fuelinhg its progresswith coal,” said Peabody Energy Chairmabn and Chief Executive Gregory Boyce in a “Peabody has a growing presence in Asia and seeks to partner in world-class coal projects to fuel long-ternm energy needs …” Peabodyh has an expanding presence in China and is the only non-Chinesed partner in GreenGen, a near-zero emissionz power project in Tianjin.
The company is pursuing multiple partnerships in Asia that include a larg e surface mine and downstream coal conversion facilithy with the government ofInner Mongolia, China and other partners; and projects in which include the Peabody-Polo Resources joint China is the fastest-growing coal market in the world, using coal to fuel 80 percent of its China is expected to nearly double its electricity consumption by 2015. Lu’anb had $5 billion in revenue in 2008. Peabodyy Energy (NYSE: BTU) is the world’zs largest private-sector coal company, with revenue of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S.
electricityh generation and 2 percent ofworldwide electricity.

C-Forward Tech

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But Brent Cooper, CEO of the Covington-base IT firm, found that when he referrex clients to others for such they sometimes reportedback unsatisfied. He decided it was time to keep them He recently launcheda “voice-over-Internet protocol” division, delivering voice communications over the Internet or other networks. “We would call people to help us, trying to find partners,” Coope r said. “We couldn’t find anybody who met the customer-service level s that we do.” The firm, with 18 has become a reseller of the phone a Windows-based product.
The technology means office employees might not even need a They can work directly throughtheir computers, usinb a wireless headset. Or they can route callse to theircell phones. They can even recored calls. It could mean savings: Officse phones can cost $200 each. Cooper expectz telephony to account for about 10 percent of his businessw for the next year or so and eventually reachb 20 percent to30 percent. The compant should finish this year with revenue ofabouyt $2 million, he said. Revenue grew 4 percentf in 2008, and growth could reach 9 percentthis year. West Chester-basee , which uses C-Forward for IT, has adoptex the telephone solution.
Internet telephony will only grow, said Bill of Dwyer, and the company wanted to be on top of the Abig bonus: No need to wait for service personnep to arrive if problems arise. “Their ability to log on from anywherse and do support is a really nice Bonekemper said. The product, Cooperf said, can cost $10,000 to $20,000 for a small company and $30,000 to $40,000 for a larger business. C-Forward openedr its first offices in Columbuslast year. In the next few Cooper hopes to open locations in Louisvilleand Lexington.

Wharton Gladden launches foundation - The Business Journal of the Greater Triad Area:

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The organization, Wharton Gladden Foundation, will support to group that assistwith homelessness, substance abuse and domestic violence. Whartoh Gladden & Co. sponsored a fundraiser for the foundationn onMay 30, with more than 100 businessese executives attending the Algenon Cash Charity Roastf and raising more than $5,000. “Ouf firm has a deep understanding of the power of givingv and we accept our responsibility to be goodcorporatee citizens” said Cash, Wharton’s managiny director of capital markets group. “It is not enougjh that we earn profits in the Triad without reinvestinyg back intothe long-term successd and health of the local communities.
” Moneyg raised at the charity event and by the foundationn will go to Triad charities to help with programming during the The investment firm also has committed to donatinh a percentage of annual profits to fund the foundation.

Goodell says NFL will continue to evolve, get safer, more popular - CBSSports.com

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CBSSports.com

Goodell says NFL will continue to evolve, get safer, more popular CBSSports.com BOSTON -- Professional footb »

Another drop in Colorado sales-tax revenue - Denver Business Journal:

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percent — in May from the same montgh theyear before, girding legislators for what they expect will be anotherd round of cuts in next year’s fiscal budget. With the state most of the way through a fiscao year that ends onJune 30, no more cuts are likely for this year, said Joint Budget Committere Vice Chairman Jack Pommer, a Democratic representative from Boulder. The Legislature has designated that any furthere funding shortfall this year will be filled by money fromthe state’s undesignatee reserve fund and from a one-dayt borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectationsz means the six JBC members who setthe state’s budget must beginn looking soon at additional ways to scaled back expenses or services in next year’s fiscaol plan, several members “I guess this means we’re not out of the woods Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vd already made.” Legislators filled a $1.
4 budget shortfall over the past six month s by raiding the reserve funds, transferringg hundreds of millions of dollares from cash-funded accounts and cutting about $300 million in As revenues continue to come in below that talk will begin again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individuak income taxes fell by $66.33 million or 19.7 percent, and corporate income taxe droppedby $2.2 million or 13.2 percent. State reservex have about $148 million that can be used to offsetyrevenue shortfalls, noted Rep. Mark Ferrandino, D-Denver.
If the state must transfedr funding temporarily, however, that will only push the problem of balancin the budget further off untiknext year, he said. “The question is: Does revenue in the futurr pick upif we’re starting to see or not?” Ferrandino “We’re starting to see some indications that the economy is starting to recover, if not level

BoaterExam New Mexico Launches Interactive Boater Education Course

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June 15 /PRNewswire/ -- New Mexic o is the latest statwe to launch the new BoaterExamk interactive boater education course as an onlinw option to obtain the New Mexico BoatertEducation Card. Now, New Mexico residents will have accessz to an animated and narrated course they can take onlineswhen it's convenient for This boating education course is approvex by the National Association of State Boating Law Administrators recognized by the US Coast Guard and coverss 100 percent of the state's exam "We are extremely excited about this new courswe process," said , vice president, BoaterExam.com.
"The study guidre has more than 150 animations and practicer quizzes that will better prepare studentas to successfully complete thefinal exam." BoaterExam.cojm course participants learn about boat hull designs, motors, legal requirements for registratio and equipment, navigation rules, basic safety regulations and waterwahy marking systems all in a narrative fashiom with more than 300 original illustrations and 150 animatefd video clips. Each of the course's sevej chapters is followed by chapter summaries andpracticde quizzes. Students also have access to BoaterExam.com's industrt exclusive toll-free customer service help line from8 a.m. to 11 p.m. seven days a week.
A New Mexicko Boater EducationCard (ofteb mistakenly referred to as a 'boating license') is requiredd for all persons born on or afte January 1, 1989 who wish to operatse a powered watercraft on New Mexico waters. "Online education programx suchas BoaterExam.com provide an opportunity for peoplwe to be trained and educatee in boating safety techniques through an onlinr study guide that is animated and narrated," said , Education Director - Nationao Association of State Boating Law Administrators (NASBLA). The BoaterExam.co course and final exam is free: students pay a one-times fee of $29.95 only when they pass the final exam to obtaij theirofficial results.
Students can print off a temporarhycertificate immediately. The permanent Boater Educatiohn Card arrives by mailin 2-3 weeks. The Card is good for life and neveer needs tobe renewed. Passing a boater educationb course may also result in a discountf for boat or personalwatercraft insurance. For complete New Mexico boating regulations or for more informationh on the new BoaterExam NewMexicol course, visit . SOURCE BoaterExam.
com

Vail Resorts profits off 29%, but they're ahead of Wall Street forecast - Orlando Business Journal:

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For the three months endinbg April 30, which Broomfield-based Vail Resorts (NYSE: MTN) regardsx as its third the mountain-resort and lodgings compangy posted earningsof $61.6 million, or $1.687 a share, down from $87.3 million, or $2.24 a in the same quarter a year earlier. Nevertheless, the company'sd profits beat Wall Street analysts' predictions. Analystsx on average had expected earningsof $1.56 per share, Thomson Reuterz reported. Vail Resorts reported Q3 revenuweof $333.5 million, down 21 percen from the year-ago Analysts had expected $339.7 million on average. It said operatingh expenses were down20 percent, to $198.1 million.
The company has saveds considerably through pay cuts and other Vail Resorts operatesthe Breckenridge, Vail, Keystones and Beaver Creek ski areas in Coloradol and Heavenly at Lake Tahoe on the California-Nevada It also operates , a chain of luxuryh hotels. The company said its earningz were helped by a 26 percent increasein 2008-09 season-pasa revenue through increased sales and higher pass prices. But lift-ticket revenue was down 11 percent and skierr visits were off9 percent. retail and ski school revenusalso declined. Real estate revenue was down 82 percent; the companuy said it sold only one condo unit in the quarteer versus 17 ayear ago.
The quarterly results "were impacted by the continuefd severe downturn inthe economy, driving lower destination visitatiob in the quarter," CEO Rob Katz said in a Vail Resorts said its outlook for the full fiscal year is for earninge of $41 million to $51 "We are extremely pleased with the significanft increase in our advance spring periof pass sales for our upcominvg 2009/2010 ski season," Katz .

GM files for bankruptcy, plans to transfer operations to Wentzville - Dallas Business Journal:

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Some operations and equipment from a steelo stamping plant inGrandx Rapids, Mich., which is slated to closr as part of the automaker's restructuring, will be transferredc to Wentzville, according to Bob Wheeler, a spokesman for the Wentzvilles plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambi at9 a.m. Mondagy to assure him the local plangt wouldremain open. "It's good that they are shippinfg in work forthis plant," Lambiu said.
"That's a positive that corporats thinks this plant willbe Still, Lambi said, rival automaker Chrysler plans to shutterf its Fenton factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversift its revenue stream. When Lambi took office sevem years ago, Wentzville countedx on GM for about 55 to 60 percent of itstotaol revenue. Today, that's more like 15 percent of the city'sd $24 million general fund, because GM pays the city aboug $3 million a year in real estate taxes, property taxes and other fees, he GM on Monday by the end of 2010, but the Wentzviller plant was sparedbecause it’s the only plantf where Chevrolet Express and GMC Savana vans are made, The Wentzvilles plant will still undergo a previouslty announced and other production cuts in June and July that will resultr in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largesft in U.
S. history and largest-ever U.S. manufacturing bankruptcy. GM listesd $173 billion in liabilities and $82 billion in according to the filed in New GMto St. Louis’ largesgt privately held company, Enterprise Rent-a-Car, and to Chapterr 11, which allows the company to operatw while protected fromits creditors, pushes GM into a fast-track bankruptcy and provides $30 billion of additional taxpayer funds to The GM plan as detailed by U.S. officials woulrd allow a much smaller GM to emergee from court protection within 60 to 90 The automaker has not providedc an updated target for job cuts but was looking toeliminate 21,000 U.S.
factory jobs from the 54,000 uniomn members it now employs. General Motorse employs 92,000 in the United States and is indirectlhy responsiblefor 500,000 retirees. The U.S. government would hold a 60 percent financial interest in areorganized GM, and the UAW wouled take a 17.5 percent stake. The governments of Canadq and the province of Ontario have agreed to a 12 percen ownership stake in exchange forfinancial aid. GM bondholderss would get 10 percent. "It’s a bitterswee thing," Wheeler said. "You hate to have to go throughu the process of closingt plants andeliminating jobs, but look around, that’ds what's going on with a lot of industries.
Hopefully we can hire people in the future and be the vibrang company weonce were." Download a copy of the

Dan Snyder stays at Six Flags under reorganization - San Antonio Business Journal:

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Six Flags is also seeking a $600 million loan, secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan would keep Snydere as board member and Mark Shapiro, currently chief executive, as well as chief financial officer Jeffrey Speed and several othe r top management would also stay on in executivd roles. Six Flags, which announcee its Chapter 11 bankruptcy filin overthe weekend, listed $2.4 billion in debt and $3 billion in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 millionb in preferred stock.
Snyder and his managemenyt team, who took control of the theme park operatord three and a halfyears ago, have not been able to returm the company to profitability, despite increasinf attendance and selling several parkws to raise capital last The company reported a $146 million first quarteer loss. Six Flags has said its reorganizatio will not affect park operations and its vendors and employeez will continue tobe paid. Six Flag 20 theme parks includein Largo.

Montelucia Resort makes splash with grand opening - Phoenix Business Journal:

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Developed by Robert Flaxman and his Crown Realtyh Development and Intercontinental Hotels the 34-acre resort features 253 guest rooms, 40 suites, five pools, 27,000 squars feet of meeting space as well as its signaturew restaurant Prado and Joya, a 31,000-square-foot spa. The mornintg event attracted city and tourism including Paradise Valley Mayor Vernon CityCouncil members; Rachel Sacco, president and chief executive of the Scottsdalde Convention and Visitors Bureau; Doug MacKenzie, communications director of the Greatet Phoenix Convention and Visitors Margie Emmermann, director of the Arizon a Office of Tourism; and Rick Kidder, chief executive of the Scottsdalre Chamber of Commerce.
“It’s hard to believe that this was once the LaPosadza resort,” Kidder said, eyeing the Mediterranean-like surroundings on a brislk Arizona morning. During a short ceremony, Generalk Manager Valeriano Antonioli led events that included a ribbonm cutting and comments fromhotelk executives, city leaders and tourism officials. Emmerman said the property is going to be activel marketed by tourism and industry officials alike becaused of itsunique luxury. “Our brandr promise is about inspiring unforgettableSouthwesf moments,” Emmermann said.
Flaxman also spokde about the challenges in bringing his vision to reality and his satisfaction seeing it cometo “I truly believe that this property is one of a This will elevate the entire tourism industryy in the Valley and it’s one that will stand out on the internationall scene,” Flaxman said. Antonioli brought the crowdd of 200 intothe resort’s central square and introduced each aspecgt of the facility.
The crisp presentation had the doorw of wedding chapel open on cue to an extravagantf table set with candles and membersz of the dining staff pouring out of Prado offering samples to the Staff then took small groupas on tours of the The Montelucia’s restaurants and spa are open to the publid and reservations are being accepted for the wedding chapel, meetinhg spaces, rooms and suites. For more:

McKee tries to ease project concerns with YouTube video - San Antonio Business Journal:

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McKee said his companuy has spent $1.4 million on mowing lawns, boarding up buildings and maintaining propertiex on theNorth “I know that some of you thinki we haven’t maintained them properly,” he said in a video of sittinb behind his office’s desk. “Maybe a few years ago we but we haveworked very, very hard to do this and to do it rightf … Many people think that we own all the derelictf buildings on the North which is certainly not the He then encouraged residents to call his officer at 636-561-9300 to repor building maintenance problems.
McKee also trierd to ease fears abou the restoration ofhistoric buildings, including the , sayingt that most of the buildings will not be destroyexd and many will be Residents and city leaders have also raised questions about whetherd this project is any different from “The differencwe is we did not bring this forward until we had enoughb land to make this McKee said. “That’s why we have been so quiet for fiveyearz … But after spending five years and millions of dollarws buying land and analyzing the visio n and creating the I firmly believe this project will Pending a process for capturing public input and statw tax credits, McKee said his company woulx like to start some infrastructure work in earlyy spring 2010.
The include 3.5 milliohn square feet of office space, one millioj square feet of retail space, one millionm square feet of servicetech space, four corporatwe campuses and 10,000 houses in a dozen differenrt residential neighborhoods spread out over 2,100 acres.

Boston College drops another - Boston Herald

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Boston Globe

Boston College drops another Boston Herald WINSTON-SALEM, N.C. â€" The combination of giveaways and missed opportunities led to Boston College dropping a 28-14 decision to Wake Forest yesterday at Groves Stadium. The Eagles fell to 2-7 over »

GM files for bankruptcy, plans to transfer operations to Wentzville - Jacksonville Business Journal:

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Some operations and equipment from a steel stampingg plant inGrand Rapids, Mich., which is slateds to close as part of the automaker's will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet known how many, if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lamb at9 a.m. Monday to assure him the local plantr wouldremain open. "It's good that they are shipping in work forthis plant," Lambi said. "That'ss a positive that corporate thinks this plant willbe around.
" Still, Lambi said, rival automaker Chryslerf plans to shutter its Fentoh factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifgy its revenue stream. When Lambi took officwe seven years ago, Wentzville counted on GM for abougt 55 to 60 percent of itstotao revenue. Today, that's more like 15 percengt of the city's $24 million general fund, because GM pays the city abouy $3 million a year in real estate taxes, property taxesd and other fees, he said.
GM on Monday by the end of but the Wentzville plant was sparedbecausr it’s the only plant wherew Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previousluy announced and other production cuts in June and July that will resulft in the layoffs of 300 workers. Monday’sd Chapter 11 filing by the 101-year-olfd automaker is among the largesgtin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listedx $173 billion in liabilities and $82 billion in according to the filed in New GMto St.
Louis’ largest privately held Enterprise Rent-a-Car, and to Chapter 11, which allow the company to operate while protected from its pushes GM intoa fast-track bankruptcy and provides $30 billion of additional taxpayer funds to restructure. The GM plan as detailed by U.S. officialw would allow a much smallee GM to emerge from courgt protection within 60 to90 days. The automaker has not provided an updatede target for job cuts but was lookingg toeliminate 21,000 U.S. factory jobs from the 54,000 uniomn members it now employs. General Motors employ s 92,000 in the United States and is indirectluy responsiblefor 500,000 retirees. The U.S.
government would hold a 60 percent financial interest in areorganized GM, and the UAW would take a 17.5 percenft stake. The governments of Canada and the provincer of Ontario have agreed to a 12 percenrt ownership stake in exchange forfinancial aid. GM bondholders woulf get 10 percent. "It’s a bittersweet thing," Wheelerr said. "You hate to have to go through the process of closing plants andeliminatingg jobs, but look around, that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibrantg company we once were.
" Download a copy of the

Hawaii has 5th-lowest obesity rate in U.S. - Pacific Business News (Honolulu):

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In the study, “F as in Fat: How Obesitg Policies Are Failing in America compiled by the Trustfor America’sw Health and the , 21.8 percent of Hawaii’s adult population fell into the obesr range. Southern states reported the highest obesity ratex inthe study. Eight of the top 10 were in the Mississippiwas No. 1, with 32.5 percent of adults overweight. Hawaii didn’t fare as well, however, in the rate of obesde childrenages 10-17. Hawaii ranked No. 37 with 28.5 Obesity rates are on the rise nationwide. Accordinf to the study, 23 statese reported an increase inadult obesity. No states reporteds a decrease intheir percentages.
In addition, 30 state s reported childhood obesity rates of 30 percent or higher. The study attributes the increasing ratew toseveral factors, including economic conditions that may resulg in higher food prices and increased level s of depression and stress, which have been linked to To see the full report, click .

Jeffersonville Mayor Mike Moore fires city spokeswoman - The Courier-Journal

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Jeffersonville Mayor Mike Moore fires city spokeswoman The Courier-Journal Jeffersonville Mayor Mike Moore has fired city communications director Leah Farris, who served as Moore's campaign manager during last year's election. Moore said it “was not a response” to last week's decision by the City Council to move the city ... and more »

CircuitCity.com comes back to life - Dayton Business Journal:

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Systemax (NYSE: SYX) said in a statement that it plansw to compete with other online retailerds by offeringdiscounted prices, fast shipping and a wide selection of products, as well as offering photo galleriesa and videos of thousand of consumer electronics and computer products. The company alreadyg has the TigerDirect.com business and acquired last year. "This acquisition and quicj launch of the allnew CircuitCity.com furtherf solidifies Systemax's position as a leader in online retailing of value-priced, brandedc computers and consumer electronics," said Richard Leeds, chairmab and chief executive officer of "Circuit City is one of the iconic brands in U.S.
electronica retailing with a 60-yea r legacy." A check of the Web site Mondayshowed CircuitCity.cok offering everything from GPS systems to BlackBerry phones and flat-screen TVs.

RPI to break ground on biggest athletic facility project in school's history - Baltimore Business Journal:

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will host a ceremonial ground breaking Aug. 26 on the firs t phase of the biggest athletic facility construction projectf inschool history. Rensselaer Presidentr Shirley Ann Jackson will be joined by alumn and students as they dig into what will bethe 50-yard line of the new athleti turf field behind the Houston Field House. The ceremony beginx at 10 a.m., followed by a tailgate party from11 a.m. to noon with free entertainmentand giveaways.
The new East Campus Athletid Village will includea multi-purpose stadium, a 1,200-seatr basketball arena, improvements to the Houston Field a strength and conditioning an administrative center, indoor pool, outdoor tennis courtds and an indoor facility that included a track and tennis courts. Public spaces will includse an atrium, lobby, café, and pro A later phase would include a new swimming anddivinyg facility. Rensselaer officials have said the constructionm on the first phase would costabout $50 millionh but the final price tag will be higher to fit-up and equip the buildings. The construction manager is , whic is headquartered in Baltimore.
The architect is , an international firm in Barbara Nelson, project manager, Barbaraz Nelson, project manager, said Wednesday actua construction should begin the last weekof August. The subcontracts have not beenawardec yet, she said. Rensselaer's teamse compete in Division III ofthe , excepf for men's hockey, which is Division I, and women'as hockey, which plays as an independent in Divisionn I.

Penske buying GM Saturn brand - St. Louis Business Journal:

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According to a memorandum of understanding signerd by thetwo companies, Penske will purchase the rights to the certain parts inventories and the right to distribute vehicles and partsw through Saturn’s dealerships. GM will continuse to manufacture theSaturm Aura, Vue and Outlook models on a contract, interimn basis, according to a news release. The deal is expecte d to close in thethirrd quarter. The release didn’t detail the terms of the deal or how long GM will manufacture the vehicles. “We have agreed upon a framework that we believee will build momentum for the Saturn saidRoger Penske, chairman of Bloomfield Hills, Mich.-basede Penske Automotive, in the release.
Saturn, founded by GM in has sold more than 4millionn cars, according to the release. The originally innovative in its approach to manufacturingand marketing, was mean to be a pacesetter for the rest of GM, but didn’g live up to its promise. There are about six Saturn dealershipxs inthe St. Louis area, including Metrol East. Detroit-based GM filed for Chaptedr 11 bankruptcy saying it planned to emergd aleaner company. GM said that it has a deal with a Chines e automaker to sell itsHummetr brand. Missouri has one Hummed dealership, in Chesterfield.
GM is also trying to sell its Saab brands and said it will phase out its Pontiac PenskeAutomotive (NYSE: PAG) sells new and used vehicles, insurance and financing. It operates 310 retail automotivr franchises, and 25 collision repaif centers, representing 40 brands.

Travel Solutions moves to New Albany - Phoenix Business Journal:

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signed a lease for more than 18,000 squar feet at the Water’s Edge businessz campus after New Albany Village Council signed off on a tax incentiver deal with the business travel management companyin March. The New Albany location housesx 95 employees and features space for trainingt programs and a conference The company moved in Monday from its offices at Easton innortheasy Columbus. Travel Solutions also announced it has been selected to becomthe nation’s first franchisee of Lufthansa City Center Business Plus, a Germany-based travel agency that operatexs nearly 600 offices in 77 Travel Solutions, founded in 1995, is the second-largesr travel agency in Central Ohio and posted revenus last year of $645.
2w million, according to Columbus Business First research. It has aboutg 160 employees overall, with the balance of its stafvf working from home or fromcorporate offices.

Small businesses sell for less - South Florida Business Journal:

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“Unfortunately for business owners who mightg wishto sell, this appear to be an accelerating downward trend,” said Mike general manager of online market which compiled the He said his San Francisco-based firm saw the number of business sales nationally drop 50 percent in the seconfd quarter and 36 percent in the firsf quarter, compared to the same periods last Meanwhile, , an investment bankinb firm in Clayton that tracks larger mergers and said there have been 25 area deals so far this year comparedr to 58 in the first half of 2008.
Paul Hinojosa, vice presiden with Fortune Group, attributes the merge r and acquisition falloff to tighter loan underwriting standards for buyersseekingy financing, and an inability for eitheer buyers or sellers to forecast the business climate in cominb months. “We don’t know whether we are going to have a turnaroundr in third quarterof 2009, or in 2010,” Hinojosa said. During the seconcd quarter this year, Biz-BuySell showed 187 St. Louisz businesses for sale and listed by local business brokersand owners. Those businesses were asking a hair below the national averager asking priceof $250,000.
The businesses had median revenueeof $423,980, down from $475,0490 for the same perioc last year. “Owners are focused on survivingrightt now, and not focused on selling,” Handelsman said. “Whilre there are many buyers, not that many have cash to close their deals, because the markets have depletef (buyers’) capital.” Fortune Group and otheer St. Louis-area investment bankers, who generallty handle deals larger than those listed on said they, too, have seen the marketf shrink. “A lot of people who would have sold are hunkerintg downand waiting. If you have to you are probably getting alower price,” said Bob Vanderselt, managin partner of the St.
Louis officwe of Business Transition Specialists, an investment banking firm for medium andsmallp businesses. Business Transition Specialists, which opene its St. Louis office in January, normally would limit its work to transactiones valuedat $5 million or more, but Vanderseltg said his firm has considered assignments on dealsz worth half that amount this year. His office has closed threed transactionsin 2009. Two investment banking firmw that say they are bucking the slumpare R.L. Hulet & Co. Inc. and . “We’re gettinyg about as many turns at the plate as weever did, and our number of new clients is about the same,” said Robert chairman of R.L. Hulettt in Clayton. R.
L. Huletyt is on track to complete 12 dealsthis year, he “But you have to realize our deals are generally strategixc deals,” he said. “Corporate buyersx look at companies that are a strategic fit and determined what it would costto duplicate.” “The worst part of the curren economy for the M&A markey is that so many companies are experiencingy softer earnings right now, that they almost can’tg pull the trigger to sell,” said Debbie managing director for The Douglas an investment banking firm in Douglas echoed Fortune Group’s saying buyers highly dependent on debt to financer their acquisitions now have to deal with bankers who are reluctant to let borrowersw stretch too far.
Vanderselt said ownerxs who are selling their businesse s usually are in needof cash. In some case s instead of finding Business Transition Specialists hasfound investors, he said, “so the ownera are not unloading their whole company.” Some small businessesd are recession-resistant, such as heating and cooling businesses and plumbing Well-run businesses in those fields stilll can command a premium, Vanderselt said, but buyerd often still need financing.

Canal Side hotel site may be on move - Charlotte Business Journal:

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The hotel concept, while still may be a highlight of a slightly tweaked development plan forthe $315 million Canal Side project, pegged for the lower Main Streer area, just south of the New York State Thruway. Canal Side was unveilef in Decemberby , the local arm of , which is chargede with overseeing projects along Buffalo’s waterfront. Canapl Side’s final development plans will be shown to the public in July as part of a seriews of mandated public hearingse connected to environmental reviewx ofthe project. The environmental reviews are due to be completedethis fall.
Moving the hotel, rumored to be one from the Marriottcorporate family, is perhaps the biggest adjustment in the Canal Side development plan. Originally, proposed renovating the eight-storu Donovan Building into a multi-use complex anchored by a Sources now indicate the Donovan Building may be primarilg used for Class A officse space and apartments or A hotel is considered a cruciao element inCanal Side’s overall development plan. The Webstet block is currently used as a surface parking lot for downtow workers during the day and for patronas attending events at HSBC Arena on nightsdand weekends.
The block is locaterd between HSBC Atrium and thearena and, at one was considered the site of a proposed 14-story Adelphia Tower. Matt Davison, spokesman for Erie Canakl HarborDevelopment Corp., said while the Canal Side plan is beingb revised, the agency’s primary focus remains on finishingb the demolition of Memorial Auditorium and preparing for construction of a 150,000-square-foor Bass Pro store to anchofr the downtown development project.

Carol Cain: Leaders show passion for, against ballot Proposal 2 - Detroit Free Press

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Carol Cain: Leaders show passion for, against ballot Proposal 2 Detroit Free Press Beauty is in the eye of the beholder and so, too, politics as those on both sides of Proposal 2 suggest. Dick DeVos was so upset by prospects of the referendum possibly passing and the impact it would have on the state that the former Amway executive ...

UT-affiliated energy consortium to fund creation of new subsurface mapping technology - Houston Business Journal:

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The based out of the at UT's Jackson School of Geosciences has issued a request for proposalws todevelop micro- and The goal is to deliver technology that could be injectedd into reservoirs, helping to characterize subsurface spaces in three dimensiond and improving recovery of petroleum resources. The consortiunm expects to fund grants totaling as muchas $7 million this year to develoop the micro- and nanosensors.
Geoscientists think they can extracyt more oil and gas by gaininy a better understanding of the chemical and physicao characteristics of the host reservoirs and their hydrocarbon Usingcurrent technology, companiesx typically leave as much as 60 percent of oil undergrouned even after multiple recovery attempts, according to UT. More precisse mapping would also likely reducw the negative effects of drilling on thesurroundingb environment, researchers say. The privately funded consortiumk hasnine members: , , ConocoPhillips, , , and Gas, , Shelol and Total. Rice University, which has extensivre nanotechnology expertise, is a collaborative technicao partner.

Greylock Partners to move HQ from Boston to Menlo Park, add jobs - Silicon Valley / San Jose Business Journal:

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Greylock, which has had a Silicon Area presence sincw theearly 1980s, said it has been steadily expanding its West Coast presence over the past 10 yeard by bringing in new partnersa with deep operational and entrepreneurial experience and making significant investments. Greylockl also said it plane to add severalnew positions, including to its Silicon Valle office in the coming year. As part of this Greylock has leased anew office, now undert construction, on Sand Hill Road. Its current West Coasy office is inSan Mateo.
Greylock'sw administrative and back office functions will relocate from Bostonn andDon Sullivan, a partner who has led the firm'sa finance and administrative operations for nine years, will move to the Bay Area wheree he will continue to lead operations for the The firm’s Boston office "will remain a key locatiom for Greylock and the firm plans to continuee to invest in the area," the firm

Cashing in on aging boomers - Portland Business Journal:

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“People wanted nothing to do with thematurew market,” said Maddy Dychtwald, senior vice presiden t of the company in San Francisco. Now, the consumer productsw and servicesindustry can’t stop thinking about the matured market, especially since a baby boometr turns 50 every 8½ seconds. At 78 milliomn people, boomers represent one-third of all adulta in the United States. They control half of the nation’s wealthu and, at least before the recession, were spendinb $2 trillion on consumer products and servicesa year. Boomersa were expected to account for about 40 perceng of spendingby 2015, according to a reportg in 2007.
So, retailers and marketers are eager to figure out how to reachjthis generation. Some in the consumer productss and services industry are gettinbit right, while many otheres still have much to learjn — and lose, said experts who specializes in marketing to baby boomers. Marketing to this 19-year generationn is proving tricky. Although boomers are lumped they’re a diverse group with divergentf life experiences given that they rangr in age from 44to 63. And like the rest of the they range from affluentf tofinancially disadvantaged.
The way to market to boomer s is by individual life stagesegments — such as empty-nester and grandparents — withour mentioning age, consultants said. “They refus e to be called seniors. That is the worst thing you can do to this saidAlice Jacobs, a Rosevillr baby boomer who advises companies on generational marketinf and teaches seminars and classes on the topic, including through UC Davis Extension. Although generalizing of boomers should be done older baby boomers refuse togrow up. They thinki old age starts around 75or 80, said Matt founder of , a marketing research and consultingf firm in Virginia. Boomers see themselves as vibranttand active.
They like trying new services and despite the myth that theyare brand-loyal, spokesman Anthonyu Deluise said. The association of people 50 and oldert no longer uses inits name. Boomers like print advertisintg because they want lotsof information. Boomersw also pay attention tonew media, and will clicjk on eye-catching Internet ads. This generationh also likes products, services and shopping experiencesz that make them feel special and consultants said. They don’t want to merely eat or buy They want to theywant experiences. This is especially true since the recession Many boomers who are 60 had expecte to retire over the nextfive years.
Now, they will likelh work an extra three to five years because oftheier hard-hit investments and pensions, Dychtwals said. The good news is they won’rt be on a fixed income and will still But their free time will be more More boomers will be workingt and raising children or grandchildren while also dealing with theit ownsick parents. As a result, “experience over thinga become valued,” Dychtwald said. “There is a real shiftt going on right now on what peopleare valuing.” Boomers in particular want to be responsible “It’s not about buying stufr to have stuff,” Thornhill said.
Lifestyle centerzs — which combine upscale stores with entertainment and comfortable places tolinger — providde the experiences that boomers want. Local examplews are Sacramento’s Pavilions center and The Fountainzin Roseville.

Q&A with Olympus President Haruo Ogawa: Quality, innovation key to staying ... - imaging resource

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Q&A with Olympus President Haruo Ogawa: Quality, innovation key to staying ... imaging resource Olympus has been in the news recently for a lot of different reasons -- some good (the popularity and positive reviews of its new cameras, in particular the OM-D E-M5), some bad (financial scandal) and some very interesting (Sony's rumored new ...

Guidelines affect early breast cancer detection - Fond du Lac Reporter

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New York Daily News

Guidelines affect early breast cancer detection Fond du Lac Reporter Recommendations from the U.S. Preventative Services Task Force suggest routine screening mammograms for women starting at age 50 and then every other year until age 74. Studies raise concerns that longer spans between screening could delay ... Breast cancer aw areness campaigns making a difference, Abilene experts say ReporterNews.com In Good Health: Seeing pink New Philadelphia Times Reporter (blog)  »

Coach's big decision: Containing Davis - ESPN (blog)

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Coach's big decision: Containing Davis ESPN (blog) ... when asked about covering Davis on Friday, Williams responded, “that's not my role.” Regardless, the key to a Giants' victory this Sunday in San Francisco will likely be containing (since you can't stop) Davis -- and it's up to Fewell to figure out ... and more »

Roberts backs KU Cancer Center's push for NCI designation - Wichita Business Journal:

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Roberts, R-Kan., spoke at The ’s Westwood medical building. He said that it now takes 10 years to 17 yearesand $1 billion to bring a new drug to which Roberts called a “nationaol disgrace.” The National Cancer Institute said in November that the KU Cance Center has a Sept. 25, application date for its efforts to get aninitiaol five-year designation as an NCI cancere center. The months-long application process for institutions seekingg new designations begins with submission of documentation that sometimesexceeds 1,000 pages and includes a site visity and other steps. The earliest that KU Cancer Center’sz application could be approved is the springof 2012.
64 cancer centers receive Cancer Center Support Grantws to support research to reducsethe incidence, morbidity and mortality rate s of cancer. There are 23 cance r centers and 41 comprehensivecancer centers. The KU Canced Center is part of , which is the medicao research and education arm of the Universityhof Kansas. NCI designation — KU’s No. 1 priorityt — typically is grantedc to academicmedical centers. Therefore, KU Medica l Center is the entity that will apply forNCI • Increased regional patient access to cutting-edge clinical • More than $1.3 billion in annualo economic benefits in the region.
• An increas e in KU Cancer Center’s annual NCI financing from thecurrent $7.5 milliojn to about $40 million. NCI-affiliater institutions also attract world-class researcheres who bring NCI grants with and part of the estimated increase is based on Many of these researchers doubleas clinicians, adding expertisw and depth in various cancer-care

Peanut Butter Recall Hits Whole Foods, Trader Joe's and Target - Patch.com

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Latinos Post

Peanut Butter Rec »

City University of Seattle to offer

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The Seattle school said it’s offeringt the program due to “the substantial rise in the numbefr of corporate social responsibility jobs being created around the Students inthe “sustainable” MBA programn will take the same core classes that othet MBA students at the schooo take, and then take courses in “social and environmentapl responsibility, marketing in a new economy, environmentakl accounting and sustainability and business opportunity.” Student s in the “sustainable” MBA programn can also take core classes at City University’w international locations in Europe, Asia and North America.
“CityU’se MBA in sustainable business is unique inthat (it) offerw a true sense of global corporate sociall responsibility by allowing (a) student in different countries during the program,” said Kevin Wilhelm, a member of the school’s advisory committee that helped developp the program.

Foreclosure rates drop in three Tampa Bay counties - Pacific Business News (Honolulu):

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May was the third highest month of foreclosurwe activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continuse to grow as foreclosure delays and moratoriums are lifted in variouss states, said James J. RealtyTrac’s chief executive officer. Hernando County posted the biggest decrease in the Tampwa Bayregion year-over-year, falling more than 14.
5 percent with 475 homees in some state of That represents one in every 169 homes undert the threat of being taken back by Sarasota County was not far behinds with just under a 7 percen drop affecting 1,072 homes, or one in everyg 206 households. Manatee County had a 2 percent drop sincd May 2008 that hit590 homes, or one in 287 properties. On the othetr end of the spectrum, Pasco Countyu had the largest increase in jumping more than 62 percentto 1,5000 properties.
That represents one in everyt 145 homesin foreclosure, ninth worst in the Despite falling more than 6 percent sincw April, Polk County was up nearlyt 53 percent over the past year as 1,572 homew were in foreclosure, representing one in every 177 homes. Pinellas Countu jumped 48 percentto 2,458 homes. Hillsborough County climbed nearl 20 percent in foreclosure rates as lenderstargeted 2,408 However, rates were down well over 25 percentt since April. Florida had the thirds highest rate of foreclosure in the country affectingv one in every148 homes. It had the secon highest number of foreclosures at just fewedrthan 59,000, a 50 percent jump from May 2008.
Threde Florida metropolitan areas were ranked amongf the 10 worst foreclosure rateas inthe nation: Cape Coral-Fort Myerws at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homesx in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homes in

Darling calls for mega-merger stake - The Press Association

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AFP	Darling c »

Advanta agrees to refund customers up to $35M in FDIC agreements - Pacific Business News (Honolulu):

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That agreement addresses charges that theSpring House, Pa.-basedr company violated federal trade laws through its pricint strategies on business credit and in its marketing of cash-back rewards on the Advanta said it did not admit wrongdoing and that it entereds the agreements “in the interest of expediencyy and to avoid litigation.” Advantaa said it took a $14 million chargre to cover refunds tied to the alleged marketing violation s in third-quarter 2008 and will take a second-quarte 2009 charge to cover refunds over its pricing strategies, which it said couldx total $21 million. Advant a also agreed to a $150,000 fine.
In a separate agreementg with the FDIC, Advanta’s ability to use cash and pay dividendsw hasbeen restricted. The companyu must submit a plan to remain and submit a plan to terminateits deposit-takinhg operations and deposit insurance once its deposits are repaie in full, a proces expected to take a few years. The second agreement with the FDIC places restrictionson Advanta’s use of its cash payment of dividends and transactions that wouldx materially alter its balance sheet compositiob and taking of brokered deposits.
Advanta said the second order does not in any way restricgt it from continuing to service itsmanaged credit-card accounts and In an effort to limit losses and erosiohn of its capital as credit deteriorates, Advanta said in earlh May that its securitization trusrt will go into early amortization — whered the company uses receivables from customerw to accelerate payment to investor bondholders. While that protects investorw from prolonged exposure to a pool of receivablew whose credit performancehas deteriorated, Advanta would have needec an alternative way to fund new purchases on its credit cards. So it had to shut down futurre use, effective May 30.
It has sinc e referred some customers to AmericanExpress Co. Advanta’s stock closeed 2 7 percent lower Wednesday at42 cents.

Perry signs bill that includes $150 million for UTMB - Sacramento Business Journal:

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The university will use the funde to build anew 200-bed hospital towef adjacent to the existing John Sealy restoring bed capacity to 550, as it was priofr to Hurricane Ike. In tuition revenue bonds of $5 million will go to at HB 51 also establishes measurezs to enhance and maintain the qualitu ofthe state’s designated and emerging publicv research universities, creates incentive programs and funding for highefr education institutions, provides higher education fund and creates an interim committee to study the feasibilithy of tracking specialized technology researcgh projects.
Of the 62 national researcyh institutions inthe nation, three universitiex — , The and Texas A&M University — are in The Texas Higher Education Coordinating Board has designatex seven institutions as emerging research universities: the ; the Universitt of Texas campuses in Arlington, Dallas, El Paso and San ; and the University of North Texas. In HB 51 provides a performance incentive funding mechanism for all ofthe state’ss general academic institutions based on the average number of degreexs awarded annually and an increase in the averagr number of degrees awarded with weighted consideration for at-risk studentes and critical fields.

Clarcor's Q2 earnings drop more than 30% - Houston Business Journal:

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percent in the second quarter, compared to the same periodr ayear ago. Franklin-based Clarcor CLC) reported income of or $0.50 cents per diluted share, in the quarter ended May 30, compared to $40,783, or $0.8o cents per diluted share, in the year-agok period. Revenue came in at $229,395 for the down 14.1 percent from the previous year’x quarter, when revenue came in at Analysts, on average, estimated earningxs of 38 cents per share on revenuerof $243.
1 million, according to Reuters “As we had expected, this year’s second quarter was though operating results were much stronger than in our firsr fiscal quarter,” says Norm Johnson, Clarcor’es chairman and CEO, in a release. “Outr order rates, overall, have stabilized, and we are beginningt to see indications of increased product demandf inselected markets.” Clarcor makes mobile, industria and environmental filtration products and consumer and industrial packaging products sold to domestic and international markets.
Johnso n notes that more than 80 percent of its filteer sales are generated from the replacementfilter aftermarket, so even if new buildinv and equipment continues to falter, maintenancre of existing equipment and facilities will continue. Sharesz of Clarcor closed up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.

Washington Convention Center Authority wants city to finance $550M hotel - Kansas City Business Journal:

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On May 29 the convention center’sw board directed CEO Greg O’Dell to seek authoritg for the sale of as muchas $750 millio in bonds to cover the price of the interest during construction, insurance and otherd costs. The city had planned to finance about 25 percentf of the cost of the hotelp througha $187 million tax increment financing packag e the passed in 2006, whicj would have provided $134 million in construction costs. The rest was supposef to come from private debt and equitypartners -- a difficulyt find in the frozen credit markets. O’Dell said development partnerd and Capstone Development had been dogged but unsuccessfup in their pursuit of investorsfor months.
“They’ves been pursuing private financing and in this you know, that is very They’ve spent millions of dollars on this project to try to move it It really is shovelo ready with the exceptionm of financing,” O’Dell With the city losing convention business, he said, buildinb a city-owned hotel was the best option. He envisions it will stil l containabout 1,100 rooms and be operated by Marriott had previousl y said it would be a Marriott Marquis. O'Dello began briefing members ofthe D.C. Councip on the board’s proposal Monday.
“Our ultimate goal is to get this projecy done and get it starterd as soonas possible,” he In particular there is increased pressur e from National Harbor in Prince George’s County, which opened last year with a pric e tag of more than $2 billion. Its developer, the Peterson Cos. announcedd May 18 that the WaltDisneyh Co. had purchased land to build a 500-room resort hotel on 15 acrees there.
Convincing the council to approve that amountof however, will be a tall task for He had been considered a top candidatew to replace Neil Albert as deputy mayor for planningv and economic development, but a source close to O'Dell says he was offered the job and turned it O’Dell would not confirm that, but indicated he woulde remain in his current post. “The board and the mayot have every expectation of me completing all the taskw Ihave here,” he said. The convention center authorityy has an independent board and the ability toissure bonds, but O’Dell said the councikl would need to expand its authoritt to issue bonds for the hotel. The council and D.C.
Mayoer Adrian Fenty just finished closing a budget gapof $800 milliohn for fiscal 2010 and the city faces a gap approaching $1 billion for fiscal 2011. In addition, D.C. Chiegf Financial Officer Natwar Gandhi said he will not supporty issuing that amountof debt, whichu he said would immediately violate a 12 percenr cap on city debt as a mark of expenditurezs the city created on his recommendatio n last year. Gandhi is a member of the conventionb center board and attended theFriday “To be very bluntr about it I was very clear in saying to them that if you were to borro $750 million that would put us way beyond the 12 percent cap we have envisioned for the city...
and I canno t be a party to that,” Gandhik said. The CFO said that he “veryg much” wants a hotep for the city, “but I wouldd not agree to a deal like See we made a commitment to Wall Streett that we would not borrow more than 12 percengt againstour budget.” Gandhi, who has won accolades for helping the city snag a AAA bond ratin on Wall Street, said he has already begun re-emphasizin the importance of the debt cap with memberds of the council. “o do not think we want to takethis lightly. We should not borrow any more than we are able to he said. He suggester that O’Dell and his partners continue to seek privatefinancing sources.
Building a hotel to accompany the conventionh center has always been part of the plan for the city but has languishedf from a seriesof complications. Construction on the Waltefr E. Washington Convention as it was named in began in 1998 and opened fiveyears D.C. planned a 1,400-room but did not control the needed In 2007, the city gained finapl site control after a land swap with developee Kingdon Gould III. To prevent further delays Mayoer Adrian Fenty downsized the project later that announcing a deal betweenthe city, Marriotty and RLJ Development LLC on a smaller 1,100-room hotel. Since the development team hasalso changed.
RLJ founded by BET founder Robert Johnson, was part of the deal Fentyg announced in September 2007but isn’t any longer. A main drivere of the deal, Marriott Senior Vice PresidentgNorman Jenkins, left the company late last year to star Capstone, now a certifief business entity that partner with Quadrangle. Speaking for the development Jenkins said it was his preference to continu e seekingprivate financing, and said desigjn was complete, entitlements were in placr and there equity partners ready to invest if debt were Capstone and Quadrangle are separately planningf a Courtyard by Marriott adjacentr to the hotel on land they “We could still get but we got to get the banke to play and they move at their own he said.
Still, he said, “if the city decidez to pursue the public deal we willsupporf them.” Jenkins said Johnson’s RLJ, with which Jenkinz partnered while at pulled out of the deal shortly after taking an interes in it. “They studied it hard, speny some resources, but their bread and butter is acquisitions and repositioningv rather thannew development,” Jenkins said. Richard Bradley, executive director of the Downtown Business Improvement said it is unfortunate that the hotel project ran into the recessio but that the city needsto “bite the and move the project forward, citing the opportunity to grow D.C.
as a tourisr destination, make it a major player in conventions and grow itstax “There’s a whole set of good thinga about moving this he said.

G-20 security planning briefings scheduled - Pittsburgh Business Times:

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The organizers — Three Rivers Contingency Planning Association, , the , the City of Pittsburgh and AlleghenyCounty — will brieff attendees on what will be needed to assist the , whichu is in charge of security measurese for the event. Safety precautions may call for: Heavy police and military presence, police dogs, surveillance, light restrictions around the area, patrols, increased railroaed security, extensive road closures and other means. Members of the business includingsecurity officers, information officers, facilities managers and huma n resources personnel are encouraged to To weigh in on the planning procesds or submit concerns to be addressexd at the Aug.
5 meeting, e-mail An agenda and list of speakers will be postedsat trcpa.org/trcpa/meetings.asp.

Keeping Up - Business First of Buffalo:

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The awards program, founded by the professional services firmof , honords business people who are successfull entrepreneurs and others who have encouraged The area awards program, to be held June 20 in the Hyatft Regency Buffalo, is sponsored by Niagara Mohawo Power Corp., Stonehurst Capital LLC and Business • Access Rentals Inc., Batavia, Jerry Reinhar Sr., president • CABLExpress Syracuse, William Pomeroy, presideng • CNB International Inc., Buffalo, Timothy Kelleher, chairman/CEO • ConMed Corp., Utica, Eugenwe Corasanti, president and CEO • Industrial Powet & Lighting Corp., Buffalo, George Schlemmer, president International Motion Control Inc.
, Orcharcd Park, Patrick Lee, chairman and CEO Jamestown Container Corp., Falconer, Glennj Janowsky, president and CEO, and Josepgh Palmeri, chief operating officer • Krug'w Glazing Services Inc., North Tonawanda, Richarr Krug, president and CEO • Meridianm Technology Group, Victor, Joseph Capitummino, presidenrt • National Air Cargo, Williamsville, Christopher Alf, president North American Health Plans Inc., Amherst, Ronald president and CEO • The Riversidr Group, Rochester, Peter CEO • Sovran Self Storage Inc.
, Williamsville, Robert chairman; Charles Lannon, president; Kenneth Myszka, presidenty and CEO; and David Rogers, chief financialo officer • L&JG Stickley Manlius, Alfred Audi, and Aminy Audi, vice president • The Sutherland Grouo Ltd., Pittsford, Dilip Vellodi, president

Sheriff Arpaio: Wilcox investigation goes beyond airport leases - Silicon Valley / San Jose Business Journal:

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Arpaio said his office receivesd information regarding the lease and other business dealings and that his investigation is not relatee to disputes with Wilcoxover immigration. Wilcox and her Earl, own El Portal Restaurant in Phoenix and has a concessions contractg with the airport fora Chili’s Too franchis e in Terminal 4. The Maricopa County Sheriff’s Officwe sent the Phoenix Aviation Department a public recordx request June 11 askingthe city-run airport to make availables lease, sublease and contracting documents related to business entities owned by the Wilcox did not respond to requestzs for comment from the Phoenix Businessw Journal, but has told other media that Arpaipo is going after her because of her oppositionm to his immigration policies.
The sheriff’s office investigatiohn of Wilcox is the latest in a number of fightesbetween Arpaio, Maricopa County Attorney Andrew Thomas and the Maricopa Countyy Board of Supervisors. Wilcox and Supervisorf Don Stapley voted Wednesday toblock $1.4 milliobn in state money earmarked for Thomas’as office to enforce immigration and huma smuggling laws. The board deadlocked at 2 to 2 on that vote stallin thestate money. Supervisor Max Wilso missed the vote because of illness and the matte r couldbe revisited. Stapley and Wilcox earlierf this year tried toblock $1.
6 million in statew funding for Arpaio’s immigration Wilcox said the sheriff’s immigration sweeps and policiezs unfairly target Hispanics. Thomas and Arpaio secured indictmentsz against Stapley last year charginy that he failed to properly disclose business and real estatdevelopment deals. Stapley denies wrongdoing in that matter.

Investors upset with American Kidney Stone over stock sale - Business First of Columbus:

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, a urology practice with operations in39 states, is fightinyg the allegations made by hospita l operator and 29 former investors, all of whom claim the practice lied to them during a 2007 shared redemption offer. The lawsuits allegde American Kidney Stone told investors it wanted to buy their shares to ensure compliance with a federal law requiriny investors bepracticing physicians. The compant instead wanted to buythem out, the lawsuitsx claim, so it could bringb in practicing physicians as investor s who would refer patients to its boosting revenue.
“In truth, however, (the is not only squeezing out non-active urologists, but also is squeezingh out actively practicing and for one reason only those members do not refer their patientsato (its clinics),” the 29 investors alleged in their June 3 lawsuit.

Ladies and professionals team up for great day of golf at Cowdray - Chichester Observer

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Chichester Observer

Ladies and professionals team up for great day of golf at Cowdray Chichester Observer ... Miller & John Edelsten 7&6; George Crouch & Barry Overington halved with John O'Rourk & Syd Williamson; Mike Hughes & Alistair Proctor halved with John Broad & Peter Clarke; Ray Tucker & Mike Holden lost to Colin Stevenson & John Dunmall 5&4. < br /> and more »

Feldman sells stake in Colonie Center for $4.1M - Orlando Business Journal:

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The Long Island company announced Thursdayg that it has sold its remaining sharesto , a pensionj fund adviser in Chicago. Feldman, which also managed the mall, made $4.1 milliojn from the sale. That means the Heitman firm is now the sole ownet ofthe 1.2 million-square-footr mall. Heitman already had a 75 percent stakwe inthe mall, purchased in 2006 for $38 million in At the time, Heitman also gave Feldman a loan to continuw pumping money into the mall as Feldman gave the propertyg a face-lift and added new stored and space. In the end, it cost $110 millionh to renovate Colonie Center to lure chains suchas , and a 13-screen Regal Feldman paid $82.
2 million for Colonie Center in February 2005. in a short statement, said the deal to sell its remaininy stake in the Colonie mall closerd onMay 28. Feldman says it expects to have a writedowjn as a result of the The announcement is the latest in a strinbg of bad developments for In January, a deal to sell three malles collapsed. The company has also been hurt by the pushing some major tenants to closd and file forbankruptcy protection. Feldman had a net loss of $78.90 million during the second quarterof 2008, its most recenyt regulatory filing. In that the company had a $15.4 millio impairment loss on Colonie Center.
The compan y has said it may have to file for bankruptcgy ifit can’t refinance its Last summer, the New York Stock Exchanger de-listed Feldman’s stock. Feldman is now trading on the pink sheets/over-the-counter market (OTC: FMLP) at 16 cents a share.