Cardium Announces U.S. Market Introduction of Excellagen(TM) - MarketWatch (press release)

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Cardium Announces U.S. Market Introduction of Excellagen(TM) MarketWatch (press release) SAN DIEGO, March 30, 2012 /PRNewswire via COMTEX/ -- Cardium Therapeutics (ASE:CXM) today announced market introduction of its Excellagen(TM) professional-use, syringe-based wound care product for the management of diabetic foot ulcers, pressure ulcers ... Cardium Announces US Market Introduction of Excellagenâ„¢ Benzinga  »

MGM folds its tent in Brimfield - Worcester Telegram

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MGM folds its tent in Brimfield Worcester Telegram By Kim Ring TELEGRAM & GAZETTE STAFF BRIMFIELD â€" MGM Resorts International has scrapped plans to build a resort casino in Brimfield, leaving the chairwoman of the Board of Selectmen devastated and wondering how the tornado-ravaged town will get by ... and more »

Concert Promoter Purchases Coachella Grounds - RollingStone.com

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RollingStone.com

Concert Promoter Purchases Coachella Grounds RollingStone.com The company, a subsidiary of the concert promotion juggernaut AEG Live, already has another 280 acres on long term lease, comprising the full festival grounds. Goldenvoice president Paul Tollett told Billboard this deal will "help us put in some ... Goldenvoice Buys Coachella Festival Site LAist  »

TECO Energy outlook remains strong - Portland Business Journal:

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billion in debt held by and subsidiarie sand Co. The rating is supported by the underlyingb strengthof TECO’s regulated electricv and gas utility subsidiary, from which it derives stables cash distributions to meet its funding requirements, Fitcnh said a release. Tampas Electric continues to post strongcredit metrics, it maintainzs solid operating performance and it benefits from Florida’s constructivde regulatory environment, Fitch said. Fitcjh is concerned, however, about slowing customer growth atTampq Electric. But the company has respondec to slower growth by postponing projects to increaseelectrixc capacity.
Another concern for Fitch is cash flow deterioratiobn atTECO (NYSE: TE) Guatemala because of the advers e rate order in 2008, unplanned outages at the San Jose plant, uncertaintu over the extension of a purchasedx power agreement, and the potential for deferrec or renegotiated contracts because of decliningy market prices, higher production costs and slumping demanrd for coal. TECO Coal and TECO Guatemalw provide roughly 20 percent of theparent company’e consolidated earnings before interest, taxes, depreciation and Fitch said. Credit ratios at Tampq Electric should benefit from higher base rates in 2009 and 2010 as a resultt ofa $138 million rate order approvedr in March, Fitch said.
In an affiliate waterborne transportation agreement that reducedfTampa Electric’s annual net income by $10 million in priof years is expiring. Fitch expects coverage ratios to remain relatively strong with funds from operations coverage at nearlt five timesin 2009. TECO Coal is expected to benefit from higherr priced contracts signedin 2008. However, soft coal demaned and higher mining production cost s at TECO Coal raise the risksw ofcontractual non-performance by counter-parties and pressured margins. Diverse regulatorg orders and operating issues at the Guatemalan operationsx will result in dividenx distributions that are lower thanhistoridc levels.
TECO's liquidity position is consideredr strong, Fitch said. Cash and cash equivalents were $34.9 million and available credit facilitieswere $530 millio n as of March 31. Liquidity was enhanced by a netoperatingh loss-tax carry forward of $547.45 million as of Dec. 31, which is expectex to result in minimal cash tax payment sthrough 2012. In addition, TECO's $100 million note maturing in 2010 is expecteds to be retired withinternal cash. Positive ratingh action could result in the future from consolidated leveragee ratio reduction in 2010 and higher cash flowds from a full year of higher base rates in 2010 and effectivrecost control.

ATS Services is now Talagy, with new owner - Business First of Louisville:

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Derek Mercer, the nephew of ATS founder Delorea Kesler, acquired the company and will serve as Kesler will retain the titls ofchairman emeritus. Amy McGeorge will assume the role of presidengtand CEO. Terms of the acquisition were not disclosed. “Thisz is an exciting time in the growtuh and evolutionof ATS, and I’m pleased to allow the next generatiojn of leadership to take the said Kesler. Kesler created Jacksonville-basedd ATS Services in 1977, eventually formingy a parent company that merged with threr otherstaffing firms, including .
The businessz split into two ventures: , which became a publicly tradedf company and isnow , and ATS Mercer worked as the directofr of information technology at ATS Servicese before creating his own , a global provider of on-demand talent managemen software, in 1996. Kesler provided a loan that helpedd startthe company. Vurv Technology was acquired by TLEO) in 2008 for $128.8 million. which has 11 offices around the country and80 employees, will continur to offer the same products and services, but instead of operatint under multiple brands and business units the company will consolidate into a singlew brand.

Evergreen

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The Marlborough solar company (Nasdaq: ESLR) announced last montuh it would contractwith Ltd. to manufacturs up to 100 megawattsz of its string ribbonsolar panels. Evergreen Solar would make its proprietaryg photovoltaic wafers in leased space in Chinaz and Jaiwei would process those wafers into Evergreen panels fora fee. Whild the move to expand into lower-cost production areas like Chinz was expected by many in thesolafr industry, it may foreshadow a change in focu for Evergreen’s Devens operations away from the wafer-to-panel manufacturingy currently performed by hundreds of employees today.
Evergreen Solar CEO Richard Feld t alluded inthe company’s last quarterlyt earnings call to an alternativwe future, one that could make the company’s Devenxs facility purely a solar wafer-producing factory rather than a full-scale manufacturingv plant. He said in the conference thatwhile long-term there is “a home for Evergreen is looking for ways to reduce but if the company is unable to trim fast it could move equipment from Devens. “We’llo make Devens some more of a wafer-onl facility, because our wafer costs are such that they are much less dependent on or influenced by labo and at the Devens could become awafer facility,” he said.
Evergreej Solar broke ground on its Devens facility with much andfinancial support, in September 2007. The company received $23 million in grantx from the state, up to $17.5 millionm in low-interest loans and a low-cosrt 30-year lease of state-ownedr property at the former army base, alontg with a broader commitment from state leaders to promot solar installation to keep Evergreen Solar in the Once fully operational laterthis year, the 450,000-square-foot facilityh was expected to create 700 new technical and manufacturingb jobs and bring the company’s Massachusetts employment to more than 1,000.
Company spokesman Chris Lawsoncalled Feldt’s comment “speculative” and said Evergreen is fully committed to ramping up Devens to But analysts say they would not be surpriseds if Evergreen dedicated Devense to supplying its unique string ribbon wafers and left the panel makintg to cheaper countries. “One of the constraint s the company is finding isthat it’s very capital intensive to fund the entire system,” said Rick Hanna, analysty at “What’s really unique abourt Evergreen Solar is their string ribbon What’s not necessarily unique about Devens is the labor costs.
” Wafer production is far less labofr intensive because of the use of robot and automatedc systems, with workers operating the Yet even as the Devens facility operatee at peak capacity and performance, Evergreen Solar will stillp see significant cost savings by manufacturing in In the call, Feldt said it would cost $1.40 to $1.50 cents per watt to build panelsd in China, but could be less than $1 per watt by 2012. Devenes is expected to lowerr its production costto $2 per watt by the end of the year from around $3 per watt at the beginninfg of the year becaus e of efficiency improvements and largefr production volume.
Bringing down operating expenses is criticalfor Evergreen, whichg has been burning through cash as it rampd up Devens. Before it announced pland earlier this month toraise $60 million in a stock the company had $60 million in cash on but spent $47.6 million in the first quarter. The company’sa capital needs for 2009 include $40 million to pay for completiohn of theDevens plant, $10 million for a materials processing plan t in Midland, Mich., and $7 million for debt Evergreen solar posted a $64.3 million net loss in the firsft quarter and a $44.
2 million net loss in the fourt quarter of 2008 The proceeds of the stock offeringf will cover most of those as well as fund the $15 million to $20 milliobn in start up costss for the China plant. But there are reasones Evergreen Solar executives may hesitate to change courseat Devens. They have alreadu invested time and money in the panel makint equipmentand staff, which would be difficultr to move overseas. Some of the state incentived are tiedto job-growth numbers and an official who spoke on condition of anonymity said the companu is in compliance.
Hanna, of Morningstar, said expects Devenz to continue to do some panelp manufacturing in thenear “although whether or not they continure to expand it, there’s a lot of unknowns.” Feldft said there are no immediatwe plans to expand Devens further.

European companies seek stimulus money to locate in Jacksonville - Dayton Business Journal:

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European alternative energy companies, such as , a subsidiaryu of a French company, and an Italiann biodiesel company that the has yet to want to come to Jacksonville for some of the same reasonss other European companies have recently located Access to the port and the growintSoutheast market, cheaper skilledc labor and manufacturing theirt goods closer to American consumers. “The big guys in alternativr energy are Europeanbecause they’ver had government support,” said Michael director of international development for Cornerstone, the chamber’s economic development arm.
“Now that we’red getting government support, it makes more sense for them to come Government incentives contained in the federal stimuluws program are the big draw for the SaftAmerica won’t build a $200 million facility at Cecil Commerce Center and employ about 800 unless it gets a $100 million grant through the stimulus package, said Peter vice president of manufacturing for the company’ss Valdosta, Ga., plant. The company expectw to find out in July whethef it can tap intothe $1.5 billiobn available for manufacturers of high-efficiency “We’re pretty optimistic,” Denoncourt said.
“We’re one of the technology leaderasand we’ve been building lithium-ion batteries for spokeswoman Jen Stutsman said the departmenft received 165 grant applicatione by the May 19 deadline. She didn’tr know the total amount of money requestedx inthe applications. Like Saft the Italian company that produces biodiesel fuel from oldtirese won’t come to town unless it can get tax creditss from the city and incentives through the stimulus The company, which would bring about 15 jobs, is expectede to confirm its plans in about three Another Italian company that the chambert has yet to identify extracts silicon from rice husks to buildr solar panels and is also considering opening a planf in Jacksonville, Breen said.
Several European wind turbines manufacturers are also interested in opening plantesin Jacksonville, but their businesses are also dependent on plugginb into the alternative industry provisions in the stimulus Denoncourt said Saft Americza was attracted to Jacksonville becausee of the area’s U.S. Navy-trained work force, which has the skillss needed toproduce lithium-ion batteries. The batteriexs will be sold tothe U.S.
military for a hybrid fleeyt that ranges from trucks to The lithium-ion batteries are also increasingly used in passenger planees because they are about a third lighter than conventionak nickel-cadmium batteries and so reduce the amount of fuel the planesa use, Denoncourt said. The lithium-ion batteries that he hopes to produce in Jacksonville would also be sold to the telecommunication s industry since their smaller size givea providers more backup power withouft forcing them to altefr the infrastructure to handlebigger batteries. The planned manufacturing facility would also develo batteries capable of storingalternative energy.
If Saft Americwa builds a facilityin Jacksonville, it would add prestige to the area and possiblyu spur more alternative energy companies to considerr moving to Jacksonville, Breen said. The city recentlyh formed a committee headed by President Matt Kenyon to attracyt more alternativeenergy companies. Aside from beiny certified to build energy-efficient buildings, Dana B. Kenyonj is tapping into federal stimulus funding through its energygconsulting division, kpower. , whichh is based in Jacksonville, has alreadty been helped by the alternative energyu provisions in thestimulus package.
It expects its annuak revenue to doubleto $12 million this said Wayne Hildreth, the company’sw president. The company, which provides consulting and installatiob of wind turbines for schoolsand businesses, benefitefd from the stimulus package’s 30 percent investmenrt tax credit. Wind Energy expectss to double its work force of nearly 30 by the end ofthe

Floods spurred by rising seas threaten 5 million in US - Reuters

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New York Times (blog)

Floods spurred by rising seas threaten 5 million in US Reuters By Deborah Zabarenko | WASHINGTON (Reuters) - For the nearly 5 million people who live along the coasts from Maine to the Gulf of Mexico and the West Coast, rising seas fueled by global warming have doubled the risk of so-c »

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A “cash for clunkers” progra m proposed in the American Cleanb Energy and Security Act would give car buyers a creditt of upto $4,500 toward new-car purchases. That could reignite auto which are on pace for the worst yearsince 1979. “It’a a spectacular idea,” said Rhett CEO of in Columbus. “It’ll speed up business.” The Hous e Committee on Energy and Commerc e estimatesthe one-year program could add as many as 1 million sales this year. That would be a 10 percenr boost to the 10 milliomn vehicles Americans are expected to buyin 2009, accordingg to J.D. Power & Associates. U.S. Rep.
Betty D-Ohio, introduced the program both as an amendment to the energy bill and asstandalone U.S. Sen. Sherrod Brown, D-Ohio, stressed the importance of the bill in a May 20 discussionm with reporters about thefederal government’s work to help the auto industry in Brown said he couldn’t predict the proposal’ws chance of approval in Congress, but he’d like to see the incentiveds get to buyers quickly.
He said it makes sens to pass the program separately to get it President Barack Obama has said he supports theHouse version, whicy is in committee, while the Senatse is working on a version, which may carry higher fuel economu standards, according to published reports. The program, which severap European countrieshave instituted, would discount qualifying new-cad purchases by either $3,50 or $4,500, depending on fuel efficiency Eligible cars for trade-in would have to be at leasty a year old and have a combinedx EPA fuel economy rating of 18 milea per gallon or less.
The buyer would get a $3,500o credit if the new vehicld gets between 4 and 9 mpg more thanthe trade-inb and the full $4,5000 credit if the new vehiclde gets at least 10 mpg better. For the trade-in minimum woulrd be 18 mpg, with a 2 mpg improvement necessartfor $3,500 and a 5 mpg boost for the $4,5090 credit. Large light-duty trucks, which weigh between 6,009 and 8,500 pounds, would have a trade-in standarr of 15 mpg and improvement thresholdw of 1 mpg and2 mpg. Work which are more than 8,50o pounds, do not have mileage ratings, but 2001 vehicles or oldert would be eligible fora $3,500 credit.
Thougjh the credit would be considered cash fromthe buyer’sz point of view, consumers woulsd not touch the money. Dealers would get an electronic reimbursementr from the government forthe credit, accordintg to information from Congress. Germany, Francwe and the United Kingdom have fleetmodernizationj programs. Germany’s program boosted auto salee by 20 percent since its February according tothe . Any increase in domestidc salesis welcome. Ricart said his dealership group, whic sells six brands, five of which are foreigj makes, expects to benefit across most ofthe nameplates.
Foreigmn vehicles will do well, while Ford has made fuel-efficiencg improvements that should attracrt customersas well, he said. “I don’tt think you’ll see people buying $35,000 cars, but you’lo see people who are looking for cars foreverydag transport,” he said. Ricart said the only concerm for dealers is how quickly the government wouldreimburse them. The supports the Housde program. “A cash for clunkersa program gets gas-guzzlers off the road and replacesz them with more fueleconomical vehicles,” Legislatives Affairs Vice President David Reganb said in a statement.
Trade-ins wouldn’tg be resold, but instead sent to a salvage operatofr tobe scrapped. How that would be enforced has yet tobe Regan, in an April question-and-answer session posted on the organization’sa Web site, said the two key featurews for dealers are that vouchers must be treatedc like cash from customers to lower the amountg financed, and the program wouls have to include all car makers, not foreign or domesti alone. “Dealers regardless of nameplateware suffering,” he said.

Wareham holds off Martha's Vineyard for Division 3 South basketball title - Boston Globe

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Boston Globe

Wareham holds off Martha's Vineyard for Division 3 South basketb »

Perspective from a child

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It’s been about dealing with, and loss, from the extremely personal to thestrictly professional. The dismalo economy has me just likemany — if not all — of you. All of the articlex about layoffs, money-losing operations, shut the state budget take their I’m not saying anythin new — I believe everyonw can sympathize. We cover business, and educating our readers is the butsometimes .... And, like basicalluy every media outlet thatrequires ink, the economy has landecd some punches our way. Of course, like any we are rolling with the punches andjabbingh back, but it takes a lot of energt and time.
Finally, and easily the most painful of all, is the loss of a Account executive Robin Boxley lost her long battled to breast cancerlast month. The Business Journal is a small office, so getting to know your co-workers is just part of the I knew Robin more as a co-worker than a clos e friend, but she always greeted me and had a positives outlook (if she were here, I’m certain the dismal economy and the increasing challengews would be more palatable). Others in the especially those in theadvertising department, were dear friends. Her loss has been very to saythe least. So, as you can tell, it has been a rathetr bleak few months.
Certainly, others have it much And, most of my close friends willtell you, I almosr always say I’m rather blessed and I have one of the easiesft lives around (work hard, play hard, exercise remember to eat ... repeat). But, when the blacki clouds arrived and stayed longer than I asked a few friends about how they cope with themental storms. The best advicer is to embrace the things you Inmy case, baseball, exercise and hanginhg out with friends. Honestly, as much as I appreciates my friends, both near and far, and the long runs along the Sacramento River, it has not worked much.
Baseball is a disappointment because the bad newsfollows — I’m always remindedd that attendance is down because of the Manny Ramirez tests positive for a banned substancee and my fantasy teams suck. Strike So, another friend — a part-time psychologist and full-time philosopher — had another idea to keep a level-headec swing. Find something that focused onthe much-bigger picture. Artwork, a family a sentimental gift. The thingse that make you happy and remind you of othersz at the end ofa too-lonyg workday.
Well, I have all of those A catcher’s mitt with a 40-year-old, well-worhn baseball from my late grandfather; Dia de Los Muertoas (Day of the Dead) statuettes of husbancd and wife skeletons holding handx in honor of my paternalgrandparentss (macabre, unless you know the Latin holiday); and a photok of my son from a recent trip to Arizona on my Then, I also recalled a recent front-pag e photo in our newspaper that always makes me smile. Thank you, Lucas Slater.
A shot of the 4-year-ols boy being fitted for a prosthetic leg at Shriners Hospital in Sacramentok was the main photpMarch 6, an issue where gloomj and doom was in fine form: “Memop hints at Kaiser layoffs,” “Commercial foreclosures stacmk up in the region” and “Shriners flagshi weathers cutbacks” are the headlines surrounding Lucas’ red-cheeked face and ear-to-eae smile. His photo is placed in the where I keepthe keys, the cell phone and my walleft (every guy has such a place). I if a kid with one leg can be positivewand smile, why can’t I? Lucas, who I’vre never met, has beaten back the blues and given me a more positivs outlook.
More than a great basebalkl game, a good-news-filled newspaper or even a long runever So, if I can share some advice, find your Lucaz — your inspiration for professional success and the workday. But it cannoft be about dollars that fill your Duringdifficult times, it’s even more important to fill your too.

Weak cash flow could force NovaStar into bankruptcy - Kansas City Business Journal:

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Kansas City-based NovaStar (Pink sheets: NOVS) said in an SEC filinbg late Wednesday that it will be force d to file bankruptcy if cash flows from its mortgagwe securities are less than expected and ifit can’t investr in profitable operations or restructure its contractual “There is substantial doubt that we will be able to continu e as a going concernm and, therefore, may be unable to realizse our assets and discharge our liabilitiee in the normal course of NovaStar stated in the filing. The company said its LLC subsidiargyis “currently not producintg positive cash flow.
” NovaStar said it continues developingh the business and thinks StreetLinks is situatex to take advantage of growth opportunities in the residential appraisa market. NovaStar said the value of mortgage loans held in its portfolioodecreased significantly. “The credit quality of the portfolio continueswto worsen, and delinquencies have increased dramatically during the past two NovaStar said in the “Therefore we significantly increased the allowance for lossees on these loans.” The company said its provisionb for losses increased to $776 million as of Dec. 31, up from $230.21 million the previous year. The company had $30.8 million in liquiditu on Dec. 31, down 10.
3 percenrt from a year earlier. As of May 27, NovaStar had $23.4 million in NovaStar also said itreceived $3 milliob during 2008 that was returned from suretyh bonds held against obligations related to its formere mortgage-lending operations. The companyh expects to receive anadditional $6 millionm from surety bonds but said the timing is

Ka-Ching! Square's New App Turns the iPad Into a Cash Register - TIME

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Ka-Ching! Square's New App Turns the iPad Into a Cash Register TIME By Harry McCracken | @harrymccracken | March 5, 2012 | + Square, the startup that democratized credit-card transactions with its little plastic doohickey which allows any business (or anyone) to accept plastic as a form of payment, is at it again. and more »

7 adaptations of Dr. Seuss's stories - Christian Science Monitor

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HitFix (blog)

7 adaptations of Dr. Seuss's stories Christian Science Monitor "My name is the Lorax, I speak for the trees" has become an even more well-known phrase in the age of going green, and this weekend, a CGI-animated adaptation of Dr. Seuss's book "The Lorax" will be arriving in theaters. The movie is being released ... Movie adaptation of 'The Lorax' is entertaining, educating - Entertainment ... Marine Corps Times Kids, adults will enjoy screen adaptation of popular Dr. Seuss classic tale Idaho Press-Tribune New 'Lorax' film adaptation is true to Dr. Seuss' spirit Worcester Telegram NOLA.com -HitFix (blog) -MyWebTimes.com  »

Fed expects little inflation - Business First of Columbus:

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The Fed’s benchmark interest rate was held steady in a rang e of 0to 0.25 percent. Officials said in a statemeny that they continue to anticipatethat "economiv conditions are likely to warrant exceptionally low levels of the federal funds rate for an extendedd period." Despite rising energy and commodity “the committee expects that inflation will remain subdued for some The Federal Reserve also left its bond purchase plans repeating its commitment to buy up to $1.25 trillion of agency mortgage-backedd securities and up to $200 billion of agenct debt by the end of the The Federal Reserve also will buy up to $300 billion of Treasury securities by autumn.
The Fed now believew the pace of economic contraction is citing further signs of household spending stabilizingy and improving conditions in thefinanciakl markets. Among economic reports that may supportthe Fed’s belief that the economhy will soon be on the mend was the latest data on factor orders, showing orders for durable goods unexpectedly rose in May for the secondd consecutive month.