Newcomer Sutton inserted into leadoff spot MLB.com Clint Hurdle is open to suggestion when it comes to the leadoff spot in his lineup. So much so that on Thursday, the Pirates manager inserted Drew Sutton into that role just two days after the 28-year-old made his debut with the organization. |
Friday, June 29, 2012
Newcomer Sutton inserted into leadoff spot - MLB.com
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Thursday, June 28, 2012
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And, as more people lose their jobs, that hidden cost is on the The organization defines the hidden health tax as the undisclosexd insurance premium surcharge paidby America’s businesses and insured familiese when they purchase health That surcharge subsidizes the uncompensated health care costx of the uninsured, according to the which is pushing for healthcard reform. During 2007 and one-third of non-elderly Americans – 86.7 milliomn people – went without healthn insurance for some periodof time, accordintg to Families USA.
"Today, 46 million uninsured Americans turn to emergency rooms when they needmedicall care, and the cost of that care is paid for by everh American with insurance,” said Sen. Max Baucus, chairman of the Senate Finance Committee, in a news Families USA contracted with actuarial firm to calculat the costs of unpaid health The report found uninsured people are less likelyu to get the care they need when theyneed it, and they are more likelty to delay seeking care as long as possible.
When they do receivd care, it is paid for in severakl ways: More than one-third (37 of that care is paid by the uninsuref themselves out of theirown Third-party sources, such as government programs and charities, paid for an additional 26 percent of that care. The remaining amount, abou $42.7 billion in 2008, is considered uncompensatedc care. Those costs are shifted onto the healt h care bills ofinsured people, ultimatel y resulting in the hidden health tax througn higher premiums.
And, as more people lose their jobs, that hidden cost is on the The organization defines the hidden health tax as the undisclosexd insurance premium surcharge paidby America’s businesses and insured familiese when they purchase health That surcharge subsidizes the uncompensated health care costx of the uninsured, according to the which is pushing for healthcard reform. During 2007 and one-third of non-elderly Americans – 86.7 milliomn people – went without healthn insurance for some periodof time, accordintg to Families USA.
"Today, 46 million uninsured Americans turn to emergency rooms when they needmedicall care, and the cost of that care is paid for by everh American with insurance,” said Sen. Max Baucus, chairman of the Senate Finance Committee, in a news Families USA contracted with actuarial firm to calculat the costs of unpaid health The report found uninsured people are less likelyu to get the care they need when theyneed it, and they are more likelty to delay seeking care as long as possible.
When they do receivd care, it is paid for in severakl ways: More than one-third (37 of that care is paid by the uninsuref themselves out of theirown Third-party sources, such as government programs and charities, paid for an additional 26 percent of that care. The remaining amount, abou $42.7 billion in 2008, is considered uncompensatedc care. Those costs are shifted onto the healt h care bills ofinsured people, ultimatel y resulting in the hidden health tax througn higher premiums.
Wednesday, June 27, 2012
Baltimore-area private schools feel pinch of economy, turn to loyal donors - Baltimore Business Journal:
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But this year as their parentse tightentheir families’ budgets, a third will enroll at the state’ss flagship school instead of heading to the likesd of Vassar or Wellesley. It may not souns like such a sacrifice, but school leadera say it shows how the economic downturn has hurt privat e school students andtheir families. Requests for financial aid are up, budgetzs have been trimmed and annual fundraising goals havebecome elusive. Two schools have announcecd closures, or are on the brink of them.
The schools have had to work to find ways to keepstudent enrolled, and some have found themselves a more difficul t sell to prospective students, with their annual prices tags upwards of $20,000. But several heads of school said that while they are seeingg families reacting tothe recession, it oftejn doesn’t include scaling back on their children’s education. Loyao donors have stuck around. “We are impacted,” said Monicw Gillespie, head of school at St. Paul’s School for “We’ve got to adjust.” At St.
Paul’s that has meant spendingf less on things like foodand events, but there have been no Belt tightening wasn’t enough for at leasrt two schools, which told parents they would be closing their doorse for good at the end of the school , which was acquired by in March, had planned to continues operating through the 2009-2010 school year but won’yt have the 85 students it needed to do so, said Jemic Head of School Ben Shifrin. Ruxton Head of Schoo l Stephen Barker declined tobe Jemicy, which offers schooling for childremn with language learning disabilities, will move its upper schoo l to Ruxton’s campus in Owings Milld by fall.
The Catholic Community School of Soutjh Baltimore also said this spring that this would be its lastschoool year. School officials said declining enrollment pushed theire operating budget intothe red. Many schools have receivedf slight or significant increases in requests forfinancial aid, and they are coming at a time when annual fundraising is Schools fund their day-to-day operations, as well as programxs like financial aid, through a combination of tuition endowment interest and individual All three sources have been crimped as stock market declines and layoffs have made it more difficultg to afford private schooling.
At Friends School, abouf 60 families already at the schoopl applied for aid for the first time for the cominvgacademic year, said Head of Schoop Matthew Micciche. About 250 of the school’sd 1,000 students receive financial aid for annuao tuition billsof $20,175. Micciche expects the number of those receivinbg aid to goup slightly, but not all of thoswe who applied will qualify for aid, he said. The increas will mean less money is available fornew however, he said.
Admissionse applications have fallen slightly for next year but the qualit y of applicants is still he said, making for some difficult Other schools haven’t seen a drop-off in applicationa and are preparing to accommodate a full slate of students in the fall. At , a K-12 schoool in Owings Mills, classes for the fall are full, said Anitas Hilson, the school’s admissions director. But the schoolo is giving out more money to help keep students McDonogh isthe eighth-most expensive privater school in the region with a $22,5200 annual bill per student. The schooll has a special endowed fund to provide loans to families in need of financiaol aid asidefrom grants.
Though the fund isn’t new, it has been gettingg more requests forthe money, Hilson said. The schoo l expects to loan $500,000 from the fund this Certain schools have been able to make up some of their funding gaps by tapping one of theit most valuableresources — the pocketsx of loyal alumni. At St. Paul’xs School for Girls, for example, the schookl is within reach ofits $1 million fundraisingh goal for the year. It has gottebn there through a 77 percent increase in the numbedr of donors to itsannuapl campaign, Gillespie said.
That showa that while many are giving smaller more donors are recognizing the importance of supportingv their school during the tough economic she said. Alumnae support has helped turn thingsx aroundfor , an all-girls boarding and day high schoolo in Glencoe that is the second-most expensive school in the region. Tuitionh is $25,800, not counting boarding costs, for the roughly 100 of 130 totalo students who live on Former Head of School George Swope told parents last year that if the schoool did notraise $20 million, it wouldx have to close.
But after changes that includede bringing alumna Taylor Smith on as head of schook and former Head of School Hollyy Rogers asa part-time board member, thingss are looking up. Faculty received raisesx this year, and the school has already surpassedlast year’s fundraising total of $625,000. It is nearingf $800,000, Associate Head of School ParnyhHagerman said. Officials are expectingt 20 new day students this compared to just one in fall and they plan to add sixtgh and seventh grade day classes inthe 2010-2011 schoo l year. Gillespie said she has also found thatat St. alumni have found a way to supporgt the institutions that are closesgtto them.
At Friends, Miccicher said that many families seem to be finding a way to come up with tuitiomn moneydespite parents’ layoffs or stock market losses. “The education of their children remainsw a sufficiently high prioritythat they’ll sacrifice other thingws rather than sacrifice that,” he
But this year as their parentse tightentheir families’ budgets, a third will enroll at the state’ss flagship school instead of heading to the likesd of Vassar or Wellesley. It may not souns like such a sacrifice, but school leadera say it shows how the economic downturn has hurt privat e school students andtheir families. Requests for financial aid are up, budgetzs have been trimmed and annual fundraising goals havebecome elusive. Two schools have announcecd closures, or are on the brink of them.
The schools have had to work to find ways to keepstudent enrolled, and some have found themselves a more difficul t sell to prospective students, with their annual prices tags upwards of $20,000. But several heads of school said that while they are seeingg families reacting tothe recession, it oftejn doesn’t include scaling back on their children’s education. Loyao donors have stuck around. “We are impacted,” said Monicw Gillespie, head of school at St. Paul’s School for “We’ve got to adjust.” At St.
Paul’s that has meant spendingf less on things like foodand events, but there have been no Belt tightening wasn’t enough for at leasrt two schools, which told parents they would be closing their doorse for good at the end of the school , which was acquired by in March, had planned to continues operating through the 2009-2010 school year but won’yt have the 85 students it needed to do so, said Jemic Head of School Ben Shifrin. Ruxton Head of Schoo l Stephen Barker declined tobe Jemicy, which offers schooling for childremn with language learning disabilities, will move its upper schoo l to Ruxton’s campus in Owings Milld by fall.
The Catholic Community School of Soutjh Baltimore also said this spring that this would be its lastschoool year. School officials said declining enrollment pushed theire operating budget intothe red. Many schools have receivedf slight or significant increases in requests forfinancial aid, and they are coming at a time when annual fundraising is Schools fund their day-to-day operations, as well as programxs like financial aid, through a combination of tuition endowment interest and individual All three sources have been crimped as stock market declines and layoffs have made it more difficultg to afford private schooling.
At Friends School, abouf 60 families already at the schoopl applied for aid for the first time for the cominvgacademic year, said Head of Schoop Matthew Micciche. About 250 of the school’sd 1,000 students receive financial aid for annuao tuition billsof $20,175. Micciche expects the number of those receivinbg aid to goup slightly, but not all of thoswe who applied will qualify for aid, he said. The increas will mean less money is available fornew however, he said.
Admissionse applications have fallen slightly for next year but the qualit y of applicants is still he said, making for some difficult Other schools haven’t seen a drop-off in applicationa and are preparing to accommodate a full slate of students in the fall. At , a K-12 schoool in Owings Mills, classes for the fall are full, said Anitas Hilson, the school’s admissions director. But the schoolo is giving out more money to help keep students McDonogh isthe eighth-most expensive privater school in the region with a $22,5200 annual bill per student. The schooll has a special endowed fund to provide loans to families in need of financiaol aid asidefrom grants.
Though the fund isn’t new, it has been gettingg more requests forthe money, Hilson said. The schoo l expects to loan $500,000 from the fund this Certain schools have been able to make up some of their funding gaps by tapping one of theit most valuableresources — the pocketsx of loyal alumni. At St. Paul’xs School for Girls, for example, the schookl is within reach ofits $1 million fundraisingh goal for the year. It has gottebn there through a 77 percent increase in the numbedr of donors to itsannuapl campaign, Gillespie said.
That showa that while many are giving smaller more donors are recognizing the importance of supportingv their school during the tough economic she said. Alumnae support has helped turn thingsx aroundfor , an all-girls boarding and day high schoolo in Glencoe that is the second-most expensive school in the region. Tuitionh is $25,800, not counting boarding costs, for the roughly 100 of 130 totalo students who live on Former Head of School George Swope told parents last year that if the schoool did notraise $20 million, it wouldx have to close.
But after changes that includede bringing alumna Taylor Smith on as head of schook and former Head of School Hollyy Rogers asa part-time board member, thingss are looking up. Faculty received raisesx this year, and the school has already surpassedlast year’s fundraising total of $625,000. It is nearingf $800,000, Associate Head of School ParnyhHagerman said. Officials are expectingt 20 new day students this compared to just one in fall and they plan to add sixtgh and seventh grade day classes inthe 2010-2011 schoo l year. Gillespie said she has also found thatat St. alumni have found a way to supporgt the institutions that are closesgtto them.
At Friends, Miccicher said that many families seem to be finding a way to come up with tuitiomn moneydespite parents’ layoffs or stock market losses. “The education of their children remainsw a sufficiently high prioritythat they’ll sacrifice other thingws rather than sacrifice that,” he
Monday, June 25, 2012
Sutter: 'It's definitely a whole new bag of worms' - 06-25-12 - Pittsburgh Post Gazette (blog)
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TheChronicleHerald.ca | Sutter: 'It's definitely a whole new bag of worms' - 06-25-12 Pittsburgh Post Gazette (blog) Center Brandon Sutter spoke publicly this afternoon for the first time since he was acquired by the Penguins as part of the trade which sent Jordan Staal to the ... Sutter excited about potential to win with Penguins |
Sunday, June 24, 2012
Clarcor's Q2 earnings drop more than 30% - Washington Business Journal:
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percent in the second quarter, compare d to the same period ayear ago. Franklin-based Clarcotr (NYSE: CLC) reported income of $25,582, or $0.50 cents per diluterd share, in the quarter ended May 30, compareed to $40,783, or $0.80 cents per dilutesd share, in the year-ago period. Revenue came in at $229,394 for the quarter, down 14.1 percent from the previous year’ s quarter, when revenue came in at $267,137. Analysts, on estimated earnings of 38 cents per shared on revenueof $243.1 according to Reuters Estimates.
“As we had expected, this year’s secondx quarter was difficult, though operating results were much stronger than in our firsgtfiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, overall, have and we are beginning to see indication s of increased product demand in selected markets.” Clarco makes mobile, industrial and environmentalk filtration products and consumer and industrial packaginf products sold to domestic and international markets.
Johnsoj notes that more than 80 percenr of its filter sales are generateds from the replacementfilter aftermarket, so even if new building and equipment continues to maintenance of existing equipment and facilities will Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
percent in the second quarter, compare d to the same period ayear ago. Franklin-based Clarcotr (NYSE: CLC) reported income of $25,582, or $0.50 cents per diluterd share, in the quarter ended May 30, compareed to $40,783, or $0.80 cents per dilutesd share, in the year-ago period. Revenue came in at $229,394 for the quarter, down 14.1 percent from the previous year’ s quarter, when revenue came in at $267,137. Analysts, on estimated earnings of 38 cents per shared on revenueof $243.1 according to Reuters Estimates.
“As we had expected, this year’s secondx quarter was difficult, though operating results were much stronger than in our firsgtfiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, overall, have and we are beginning to see indication s of increased product demand in selected markets.” Clarco makes mobile, industrial and environmentalk filtration products and consumer and industrial packaginf products sold to domestic and international markets.
Johnsoj notes that more than 80 percenr of its filter sales are generateds from the replacementfilter aftermarket, so even if new building and equipment continues to maintenance of existing equipment and facilities will Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
Friday, June 22, 2012
Reading Rainbow: Take a look, it's on an iPad - CBC.ca
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The iPad Guide | Reading Rainbow: Take a look, it's on an iPad CBC.ca The beloved long-running PBS children's show Reading Rainbow has been resurrected as a digital app. LeVar Burton, the host and producer of the ... 'Reading Rainbow' iPad app brings the show to a new generation of ... From TV to Tablet, How to Keep Kids Engaged in Books |
Thursday, June 21, 2012
Lindsay named Denver Metro Chamber chair-elect - Denver Business Journal:
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Lindsay is benefit group-Denver president for Lockton, a large independent insurancd borkerage. Lindsay’s term as board chairmanm will begin inSeptember 2010. The current boardd chairwoman isMadeleine "Mimi" Roberson, president and CEO of HeathONE' s Presbyterian/St. Luke's Medical Center and Rocky Mountain Hospitaolfor Children. He has previousluy been a chamber board member as well as chair of its Healt Care Committee and a participant in theLeadership Foundation’se Leadership Exchange program. He has receivef the chamber's Doak Jacoway award for outstanding servicee by aboard member. Lindsay, an ex-U.S.
Marine Corpsa officer and Vietnam veteran, has served on many boardas related to business andhealth care. "Bill’ s impressive body of work in health care is an importanrt part of his qualifications for chair ofthe chamber," Joe president and CEO of the Denver Metrko Chamber, said in a statement. "His real gift to this organizatiobn is his ability to see beyond the issue or crisi s in front of him and understanthe long-term view we have for businesws in Colorado.
" Lindsay holds a bachelor's degree from Gettysbury College in Pennsylvania and has severa professional designations, including Chartered Life Underwriter (CLU), Certifiecd Employee Benefit Specialist (CEBS) and Retirement Planning Associate (RPA).
Lindsay is benefit group-Denver president for Lockton, a large independent insurancd borkerage. Lindsay’s term as board chairmanm will begin inSeptember 2010. The current boardd chairwoman isMadeleine "Mimi" Roberson, president and CEO of HeathONE' s Presbyterian/St. Luke's Medical Center and Rocky Mountain Hospitaolfor Children. He has previousluy been a chamber board member as well as chair of its Healt Care Committee and a participant in theLeadership Foundation’se Leadership Exchange program. He has receivef the chamber's Doak Jacoway award for outstanding servicee by aboard member. Lindsay, an ex-U.S.
Marine Corpsa officer and Vietnam veteran, has served on many boardas related to business andhealth care. "Bill’ s impressive body of work in health care is an importanrt part of his qualifications for chair ofthe chamber," Joe president and CEO of the Denver Metrko Chamber, said in a statement. "His real gift to this organizatiobn is his ability to see beyond the issue or crisi s in front of him and understanthe long-term view we have for businesws in Colorado.
" Lindsay holds a bachelor's degree from Gettysbury College in Pennsylvania and has severa professional designations, including Chartered Life Underwriter (CLU), Certifiecd Employee Benefit Specialist (CEBS) and Retirement Planning Associate (RPA).
Wednesday, June 20, 2012
Report: Texas health premiums skyrocketed this decade - Pacific Business News (Honolulu):
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The Status Quo Report includes state-by-state data on health-carse cost and quality, including the increase in premiums, as well as the percentage of statre residents without insurance and overallquality ratings. The report is part the Obama Administration'w push to pass health-care reform About 12 million Texans get health insurancw onthe job, and the average familu premium runs about $13,525 annually. According to the report, 17 perceny of middle-income Texas familiesa spend more than 10 percent of their incomdon healthcare.
About 20 percent of peoplee in Texas report not visiting a doctor due to high Texas businesses and families shoulder a hidden healthb tax ofroughly $1,800 per year on premiums as a directf result of subsidizing the costs of the uninsured. 25 percentt of people in Texas are uninsured and 75 percenft of them are in familie with at leastone full-time worker. The percen t of Texans with employer coverageis declining: from 57 to 50 percentg between 2000 and 2007. At a press conference Monday morninvg to announce his choicefor U.S.
Surgeomn General, Obama reiterated his administration's commitment to passin healthcare reformlegislation quickly, saying the problemn is too great to allow it to go on. On a relatex note, Obama has chosenj Dr. Regina Benjamin, an Alabama physician and graduatse of the University of Alabamaat Birmingham's school of medicine, for surgeojn general. He said Benjamin is uniquely qualified for the positiobn and is the right persob to leadthe nation's healthcare system at a criticap time of change.
The Status Quo Report includes state-by-state data on health-carse cost and quality, including the increase in premiums, as well as the percentage of statre residents without insurance and overallquality ratings. The report is part the Obama Administration'w push to pass health-care reform About 12 million Texans get health insurancw onthe job, and the average familu premium runs about $13,525 annually. According to the report, 17 perceny of middle-income Texas familiesa spend more than 10 percent of their incomdon healthcare.
About 20 percent of peoplee in Texas report not visiting a doctor due to high Texas businesses and families shoulder a hidden healthb tax ofroughly $1,800 per year on premiums as a directf result of subsidizing the costs of the uninsured. 25 percentt of people in Texas are uninsured and 75 percenft of them are in familie with at leastone full-time worker. The percen t of Texans with employer coverageis declining: from 57 to 50 percentg between 2000 and 2007. At a press conference Monday morninvg to announce his choicefor U.S.
Surgeomn General, Obama reiterated his administration's commitment to passin healthcare reformlegislation quickly, saying the problemn is too great to allow it to go on. On a relatex note, Obama has chosenj Dr. Regina Benjamin, an Alabama physician and graduatse of the University of Alabamaat Birmingham's school of medicine, for surgeojn general. He said Benjamin is uniquely qualified for the positiobn and is the right persob to leadthe nation's healthcare system at a criticap time of change.
Monday, June 18, 2012
Business Intelligence Leader EMANIO, Inc. Announces Immediate ... - San Francisco Chronicle (press release)
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Business Intelligence Leader EMANIO, Inc. Announces Immediate ... San Francisco Chronicle (press release) Dashboarding and visual data discovery software vendor EMANIO announces immediate availability of latest release of it's powerful, 100% browser-based ... |
Sunday, June 17, 2012
Sale of Avalon Pharmaceuticals completed - Portland Business Journal:
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Shareholders of the Germantown which had been developing cancerr drugs and a biomarker technologty that identified potentialcancer treatments, have approved the sale to , basedr in Newton, Mass., in a deal announcec in October. Delisted from the Nasdaq exchange, Avalonn now stands as a subsidiaru of ClinicalData (NASDAQ: CLDA), which said it is still determining its plansz for the acquired company’s staff and space. “We’re interestedc in keeping strong operations” in said Clinical Data CEO Drew “We’re very focused on making sure we prioritize the programs that provide the best returnxs forour shareholders.
” A decision on how to combine the two operationw will probably be made in the next quarter, he Clinical Data expects to keep Avalon’ s headquarters space in Germantown, but perhaps put some spacde up for sublease, Fromkin said. Avalon now leases nearly 56,000 square feet of officr and lab space, some of it already subleased, at 20358 Senecqa Meadows Parkway, in a contract that expires inFebruarg 2013. In the acquisition deal, formere Avalon shareholders will exchange one share of their stockjfor 0.0470 of a sharw of Clinical Data common stocik and a contingent-value righty to receive up to 0.
01175 more shares of common stock basedx on payments that Avalon or Clinical Data receivw under certain Avalon contracts. For instance, Avalon recentlg ended a research partnershipwith , resulting in a $4 milliomn payment from Merck to Avalon, which the local company transferred to Clinical As a result of that payment, each stockholder has a contingent-valu right to receive at leasrt 0.00940 of a share of Clinical Data common payable after June 30, 2010. The deal ender a rocky period for Avalon, whichj found itself with few suitors and fewerf financial resources to keep operatingb asa stand-alone company, in part becausse its clinical programs were so early-stage.
After Avalonj had trouble raising financing through much of 2007and 2008, CEO Ken Carteer began seeking potential acquirers in late June of last Two months later, with no bites, Avalon cut its staf by a third, laying off 19 a move that triggered interest by some industryt players for a possible partnership, straight stock acquisition and investments. However, as Avalon’ financial situation continuedto decline, those playerx pulled back on their offers.
Left with few optionds and dwindling cash, Avalon receivedr the offer from Clinical Data in late The offer provided fora $10 million stocl sale and what would ultimately be $4 million in loans to sustain Avalon until the deal Clinical Data would also get an exclusive license to aspects of Avalon’s core technology. Avalon’s board unanimouslyh approved the terms days Despite Avalon’s rocky Clinical Data, which is also developing biomarker said the smaller biotech is a good fit, especiallyg with Clinical Data’s interest in gettin g into the field of oncology. Avalonh “found themselves in a tough market afted having just createdsome value,” Fromkin said.
“It was an opportunituy that we felt stronglyabout pursuing.” But Clinicaol Data has also revealedx some financial limitations of its own. The new parenyt has previously said it must raiss money this year to help finance Avalon operationse afterthe acquisition. Clinical Data recently raised $50 milliom through an investment group affiliated with one of itsboarsd members. It also sold anothe genomics services divisionfor $17 “Our company has consistently run tighter than most biotech companies,” Fromkin said. “That’s very much in part to knowing our strongg history ofraising capital.
We’re shouldee to shoulder with our
Shareholders of the Germantown which had been developing cancerr drugs and a biomarker technologty that identified potentialcancer treatments, have approved the sale to , basedr in Newton, Mass., in a deal announcec in October. Delisted from the Nasdaq exchange, Avalonn now stands as a subsidiaru of ClinicalData (NASDAQ: CLDA), which said it is still determining its plansz for the acquired company’s staff and space. “We’re interestedc in keeping strong operations” in said Clinical Data CEO Drew “We’re very focused on making sure we prioritize the programs that provide the best returnxs forour shareholders.
” A decision on how to combine the two operationw will probably be made in the next quarter, he Clinical Data expects to keep Avalon’ s headquarters space in Germantown, but perhaps put some spacde up for sublease, Fromkin said. Avalon now leases nearly 56,000 square feet of officr and lab space, some of it already subleased, at 20358 Senecqa Meadows Parkway, in a contract that expires inFebruarg 2013. In the acquisition deal, formere Avalon shareholders will exchange one share of their stockjfor 0.0470 of a sharw of Clinical Data common stocik and a contingent-value righty to receive up to 0.
01175 more shares of common stock basedx on payments that Avalon or Clinical Data receivw under certain Avalon contracts. For instance, Avalon recentlg ended a research partnershipwith , resulting in a $4 milliomn payment from Merck to Avalon, which the local company transferred to Clinical As a result of that payment, each stockholder has a contingent-valu right to receive at leasrt 0.00940 of a share of Clinical Data common payable after June 30, 2010. The deal ender a rocky period for Avalon, whichj found itself with few suitors and fewerf financial resources to keep operatingb asa stand-alone company, in part becausse its clinical programs were so early-stage.
After Avalonj had trouble raising financing through much of 2007and 2008, CEO Ken Carteer began seeking potential acquirers in late June of last Two months later, with no bites, Avalon cut its staf by a third, laying off 19 a move that triggered interest by some industryt players for a possible partnership, straight stock acquisition and investments. However, as Avalon’ financial situation continuedto decline, those playerx pulled back on their offers.
Left with few optionds and dwindling cash, Avalon receivedr the offer from Clinical Data in late The offer provided fora $10 million stocl sale and what would ultimately be $4 million in loans to sustain Avalon until the deal Clinical Data would also get an exclusive license to aspects of Avalon’s core technology. Avalon’s board unanimouslyh approved the terms days Despite Avalon’s rocky Clinical Data, which is also developing biomarker said the smaller biotech is a good fit, especiallyg with Clinical Data’s interest in gettin g into the field of oncology. Avalonh “found themselves in a tough market afted having just createdsome value,” Fromkin said.
“It was an opportunituy that we felt stronglyabout pursuing.” But Clinicaol Data has also revealedx some financial limitations of its own. The new parenyt has previously said it must raiss money this year to help finance Avalon operationse afterthe acquisition. Clinical Data recently raised $50 milliom through an investment group affiliated with one of itsboarsd members. It also sold anothe genomics services divisionfor $17 “Our company has consistently run tighter than most biotech companies,” Fromkin said. “That’s very much in part to knowing our strongg history ofraising capital.
We’re shouldee to shoulder with our
Friday, June 15, 2012
ARCO completes $10M Visteon facilty in Eureka - Business First of Columbus:
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that will supply Chrysler's St. Louis North Assembly Plant with interior finish the company announced Global automotivesupplier (NYSE: VC) is leasing and operatingg the 217,000-square-foot office, manufacturing and distribution facility in Eurek Commercial Park. The new facility will help Visteon'as manufacturing capabilities meet Chrysler's production schedulde at Chrysler's North Assemblu Plant in nearby Fenton, Mo. The plant has 14,500 square feet of office spacweand 202,500 square feet of manufacturing/distributiob space. The plant's employees, expectedr to be about 240 people, will produce cockpitf modules, consoles, door trim and instrument panels.
located in Van Buren Township, designs, engineers and manufactures products for vehicle Joining ARCO on the project areGatewagy Homebuilders, developer; GMA Design Group architect; Cole & Associates Inc., civil engineer; McNealy Engineers, structural engineer; Kaemmerlen Electrix Co. and Kaiser Electrixc Inc., electrical engineers; Icon Mechanical, mechanical Kent Plumbing Inc., plumbing contractor; Fire Tech LLC, fire suppressionj contractor; and CB Richard Ellis, commercialk real estate broker. St.
Louis-based ARCO Constructionb specializesin design-build office buildings, warehouse distribution centers, speculative warehousde buildings, health-care and medical developmenft and construction, retail facilities, cold storagr warehouses, commercial housing projects and light industriaol projects.
that will supply Chrysler's St. Louis North Assembly Plant with interior finish the company announced Global automotivesupplier (NYSE: VC) is leasing and operatingg the 217,000-square-foot office, manufacturing and distribution facility in Eurek Commercial Park. The new facility will help Visteon'as manufacturing capabilities meet Chrysler's production schedulde at Chrysler's North Assemblu Plant in nearby Fenton, Mo. The plant has 14,500 square feet of office spacweand 202,500 square feet of manufacturing/distributiob space. The plant's employees, expectedr to be about 240 people, will produce cockpitf modules, consoles, door trim and instrument panels.
located in Van Buren Township, designs, engineers and manufactures products for vehicle Joining ARCO on the project areGatewagy Homebuilders, developer; GMA Design Group architect; Cole & Associates Inc., civil engineer; McNealy Engineers, structural engineer; Kaemmerlen Electrix Co. and Kaiser Electrixc Inc., electrical engineers; Icon Mechanical, mechanical Kent Plumbing Inc., plumbing contractor; Fire Tech LLC, fire suppressionj contractor; and CB Richard Ellis, commercialk real estate broker. St.
Louis-based ARCO Constructionb specializesin design-build office buildings, warehouse distribution centers, speculative warehousde buildings, health-care and medical developmenft and construction, retail facilities, cold storagr warehouses, commercial housing projects and light industriaol projects.
Thursday, June 14, 2012
Patton Boggs Strengthens M&A, Capital Markets, Energy, Islamic ... - MarketWatch (press release)
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AME Info | Patton Boggs Strengthens M&A, Capital Markets, Energy, Islamic ... MarketWatch (press release) "We are pleased to join Patton Boggs and feel that it is a natural fit," added Mr. Al-Thebity. "There is no better firm for navigating the intersection of government, ... Patton Boggs opens Riyadh office, enhancing practice in Middle ... Dewey Riyadh joins Patton Boggs as last international office finds ... Dewey's Riyadh team resurfaces at Patton Boggs |
Wednesday, June 13, 2012
AC Milan confirm talks for sale of Brazil star Silva - New York Daily News
olimstgon.blogspot.com
ESPN | AC Milan confirm talks for sale of Brazil star Silva New York Daily News Paris, June 13 â€" AC Milan has confirmed the club is in negotiations for the sale of star Brazilian defender Thiago Silva. The Rossoneri's vice-president Adriano G » |
Monday, June 11, 2012
Bright wins out: Humankind is evil - Fergus Falls Daily Journal
llrx-royce.blogspot.com
Bright wins out: Humankind is evil Fergus Falls Daily Journal The answer to the Great American Think-Off has been agreed to, at least for one night: the nature of humankind is inherently evil. Adam Bright of Boulder, Colorado and a Master of Fine Arts student in poetry at Syracuse University, made a series of ... |
Sunday, June 10, 2012
Pedal to Properties takes on partner, plans expansion - Puget Sound Business Journal (Seattle):
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Founded and headed by Matt Pedal to Properties is a residentiakl real estate firm that gives clients the optionb of looking at homes by The company maintains a fleet of 50 ElectraaCruiser bikes. Kolb has sold a 50 percent stake in the companu for an undisclosed sum to attorneyTim Majors, who specializesx in taking regional retail businesses national. As a partnef in Pedal to Properties, Majors will work out of the company’ Boulder office. Majors, who’w originally from Perth, Australia, approached Kolb about investing in the real estatw firm after looking at Bouldere propertiesby bicycle.
“We certainly plan to incorporatre [Tim’s] national and international branding expertise to expand Pedal to Propertiew inother markets,” Kolb said in a statement. Peda l to Properties plans to look at openingg branch officesin other, unspecifief U.S. markets. In May, the companty launched a licensee designation for brokers intereste d in using the Boulder operational formula in their The Colorado company already is working to expan d quickly in its hometown by addinf more space and agents indowntownb Boulder.
“I believe Pedal to Properties is in a perfecty position to meet the evolvinh social and demographic changes goingy on in the Unitex Stateswith homebuyers,” Majors said in a statement.
Founded and headed by Matt Pedal to Properties is a residentiakl real estate firm that gives clients the optionb of looking at homes by The company maintains a fleet of 50 ElectraaCruiser bikes. Kolb has sold a 50 percent stake in the companu for an undisclosed sum to attorneyTim Majors, who specializesx in taking regional retail businesses national. As a partnef in Pedal to Properties, Majors will work out of the company’ Boulder office. Majors, who’w originally from Perth, Australia, approached Kolb about investing in the real estatw firm after looking at Bouldere propertiesby bicycle.
“We certainly plan to incorporatre [Tim’s] national and international branding expertise to expand Pedal to Propertiew inother markets,” Kolb said in a statement. Peda l to Properties plans to look at openingg branch officesin other, unspecifief U.S. markets. In May, the companty launched a licensee designation for brokers intereste d in using the Boulder operational formula in their The Colorado company already is working to expan d quickly in its hometown by addinf more space and agents indowntownb Boulder.
“I believe Pedal to Properties is in a perfecty position to meet the evolvinh social and demographic changes goingy on in the Unitex Stateswith homebuyers,” Majors said in a statement.
Friday, June 8, 2012
Archway doubles in size with acquisition of Resolve division - Minneapolis / St. Paul Business Journal:
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has completed its purchase of the supply chaimn management divisionof Toronto’s Resolvse Business Outsourcing Income Fund. Archway paid abou t $21 million for the division ofResolvs (TSX: RBO.UN). The deal included client contracts, eight Americam locations and five Canadian as well as approximately800 employees, accordinbg to a press release from As a result of the deal, Archway has nearly doubledd in size to annual revenues of about $200 millionh and close to 1,500 employeez and 3.5 million square feet of distributiomn space, Archway said in its press Archway is a marketint operations management company that assists firmsx with rebates and consume r promotions.
It is also one of the largest managers and inNorth America. Archwau has more than 40 clients, including Target, Ford, MasterCard, Subway, Taco Bell, and Microsoft. Resolve’s supply chainb management division has approximately 225 clientsincludinb Neutrogena, Honda, Miller Brewing, Pepsi, Staples, Philio Morris, Blockbuster, Procter & Gamble and Archway said this deal will help it gain more economied of scale and land more business in the turbulent fulfillmen and promotions industry.
“Major brandxs are streamlining their marketing resources and looking for partnersd they can count on to perform the work ofmultiplw vendors,” stated Mike Moroz, president of “More importantly, they need to be confident that their partners are goingv to be in business tomorrowe and next year.” Archway is privateluy held. In November 2008, Tailwind Capital Partners and Blackl Canyon Capital acquired the company along with the Archwaytmanagement team.
has completed its purchase of the supply chaimn management divisionof Toronto’s Resolvse Business Outsourcing Income Fund. Archway paid abou t $21 million for the division ofResolvs (TSX: RBO.UN). The deal included client contracts, eight Americam locations and five Canadian as well as approximately800 employees, accordinbg to a press release from As a result of the deal, Archway has nearly doubledd in size to annual revenues of about $200 millionh and close to 1,500 employeez and 3.5 million square feet of distributiomn space, Archway said in its press Archway is a marketint operations management company that assists firmsx with rebates and consume r promotions.
It is also one of the largest managers and inNorth America. Archwau has more than 40 clients, including Target, Ford, MasterCard, Subway, Taco Bell, and Microsoft. Resolve’s supply chainb management division has approximately 225 clientsincludinb Neutrogena, Honda, Miller Brewing, Pepsi, Staples, Philio Morris, Blockbuster, Procter & Gamble and Archway said this deal will help it gain more economied of scale and land more business in the turbulent fulfillmen and promotions industry.
“Major brandxs are streamlining their marketing resources and looking for partnersd they can count on to perform the work ofmultiplw vendors,” stated Mike Moroz, president of “More importantly, they need to be confident that their partners are goingv to be in business tomorrowe and next year.” Archway is privateluy held. In November 2008, Tailwind Capital Partners and Blackl Canyon Capital acquired the company along with the Archwaytmanagement team.
Thursday, June 7, 2012
Survey: Executives more upbeat on economy - Houston Business Journal:
ykyhola.blogspot.com
The survey was conducted by at an Audi Committee Institute roundtable discussion in While 44 percent of respondents expec the recession to hit bottomby year-end, 18 percen t are even more suggesting the worst is over. Survey respondentz are in a much more upbeat mood than six monthas earlier when 74 percent said the economic downturj could last into 2010 and Though most board members expressed confidence in senior executives’ ability to manage through the toughb economy, 54 percent said managementg does not have a formal processe to identify key changes in the busines that could be linked to the organization’s risk managemengt efforts.
Edgar “Bud” Giesinger, managing partner of KPMG’s Houstonj office, pointed out that about 41 percengt of the executives said they were only somewhaf or not at all satisfied that their compant had identified the appropriate metrics to tracik and assess its performance in the currenteconomic environment. “Thias economy has caused boards to conducg a broad recalibration of their governancrand oversight. Directors are insisting on better informationj about the business in a format that is clear and he said.
• Fifty-six percent of the respondents said thattheirt organization’s culture encourages them to a great extent to question, challeng e and test management; 34 percent said they were encouraged to a limitedr extent; and 10 percent said they were not encourageed at all. • Generally, the respondentsa said, boards are “falling short” in their abilitg or willingness to challengemanagement (32 percent); willingness to addresas board performance (29 percent); and willingneszs to address board composition or skills sets (15
The survey was conducted by at an Audi Committee Institute roundtable discussion in While 44 percent of respondents expec the recession to hit bottomby year-end, 18 percen t are even more suggesting the worst is over. Survey respondentz are in a much more upbeat mood than six monthas earlier when 74 percent said the economic downturj could last into 2010 and Though most board members expressed confidence in senior executives’ ability to manage through the toughb economy, 54 percent said managementg does not have a formal processe to identify key changes in the busines that could be linked to the organization’s risk managemengt efforts.
Edgar “Bud” Giesinger, managing partner of KPMG’s Houstonj office, pointed out that about 41 percengt of the executives said they were only somewhaf or not at all satisfied that their compant had identified the appropriate metrics to tracik and assess its performance in the currenteconomic environment. “Thias economy has caused boards to conducg a broad recalibration of their governancrand oversight. Directors are insisting on better informationj about the business in a format that is clear and he said.
• Fifty-six percent of the respondents said thattheirt organization’s culture encourages them to a great extent to question, challeng e and test management; 34 percent said they were encouraged to a limitedr extent; and 10 percent said they were not encourageed at all. • Generally, the respondentsa said, boards are “falling short” in their abilitg or willingness to challengemanagement (32 percent); willingness to addresas board performance (29 percent); and willingneszs to address board composition or skills sets (15
Tuesday, June 5, 2012
UN, Syria sign aid agreement but access key - Reuters
llrx-royce.blogspot.com
AFP | UN, Syria sign aid agreement but access key Reuters By Stephanie Nebehay | GENEVA (Reuters) - Syria has agreed to » |
Monday, June 4, 2012
Author Lord Whimsy is Mount Holly's swankiest, most articulate citizen - The Star-Ledger - NJ.com
ishinlyuboqemija.blogspot.com
The Star-Ledger - NJ.com | Author Lord Whimsy is Mount Holly's swankiest, most articulate citizen The Star-Ledger - NJ.com By Peter Genovese/The Star-Ledger Jennifer Brown/The Star-LedgerVictor Allen Crawford also known as Lord Breaulove Swells Whimsy is a writer and illustrator. He poses at his Mount Holly home with his wife Susan. Lord Whimsy â€" so rry, Lord Breaulove ... |
Saturday, June 2, 2012
Tennessee lenders so far steering clear of ARC loan program for small businesses - Business Courier of Cincinnati:
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As of July 6, 251 loana were funded with a valuewof $8.29 million, but none in Tennessee, says Davixd Tiller, public information officer for SBA’s Tennessee “At this point I don’t know of in Tennessee, he says. “Bankse are in a training they have alearning curve.” Loans have so far been done in 35 states by 121 lenders for 151 differenft industries, Tiller says. More than 3,000 individuals from 1,300 institutions participateds in the ARC information and training session, Tiller says. The program is scheduled to end Sept. 30 or when the allocater $350 million runs out, whichevert comes first.
But the fact that no businessesin Tennessee, much less have applied is worrisome to some businessx advocates. “I hate to see an area like the Mid-Southu that needs an economicf boost miss out on something because it got bungler in implementation or for whatever reasob banks decided not todo it,” says businesd and estate planning attorney John Windsot Jr. with Windsor Law Firm PLC. Windso contacted more than a half dozen banks for clientxs to see if lenders were underwritinfgARC loans. Conversations with two lenders revealed concerns about guaranteeing the loan s and confusion with some of the terms spelled out in the one being an understanding ofa “viablee business.
” The SBA defines a viable businesw as “one that has been profitable in the past but is just beginniny to struggle with making loan payments, and can reasonablh project that it can get back on track with the infusiob of ARC loan funds and the benefig of deferred payments.” Some bankers believe the legislation is too ambiguouxs and the risk too great. “The thrust was they just don’r know what they can and can’t Windsor says. Anthony Wilkinson, president and CEO of the Stillwater, Okla.-baser , says the program has received a very lukewarkm reception fromhis members.
The association recentl sent a six-page letter to the SBA with 40 questions directl yfrom members, Wilkinson Lenders were concerned with mainly technical issues such as how to file how fast they will get paid and references to 7(a) loan requirementse even though ARC is not a 7(a) loan. “Somre lenders are taking the view it’d a lot of work for a $35,000 loan,” Wilkinsonm says.
As of July 6, 251 loana were funded with a valuewof $8.29 million, but none in Tennessee, says Davixd Tiller, public information officer for SBA’s Tennessee “At this point I don’t know of in Tennessee, he says. “Bankse are in a training they have alearning curve.” Loans have so far been done in 35 states by 121 lenders for 151 differenft industries, Tiller says. More than 3,000 individuals from 1,300 institutions participateds in the ARC information and training session, Tiller says. The program is scheduled to end Sept. 30 or when the allocater $350 million runs out, whichevert comes first.
But the fact that no businessesin Tennessee, much less have applied is worrisome to some businessx advocates. “I hate to see an area like the Mid-Southu that needs an economicf boost miss out on something because it got bungler in implementation or for whatever reasob banks decided not todo it,” says businesd and estate planning attorney John Windsot Jr. with Windsor Law Firm PLC. Windso contacted more than a half dozen banks for clientxs to see if lenders were underwritinfgARC loans. Conversations with two lenders revealed concerns about guaranteeing the loan s and confusion with some of the terms spelled out in the one being an understanding ofa “viablee business.
” The SBA defines a viable businesw as “one that has been profitable in the past but is just beginniny to struggle with making loan payments, and can reasonablh project that it can get back on track with the infusiob of ARC loan funds and the benefig of deferred payments.” Some bankers believe the legislation is too ambiguouxs and the risk too great. “The thrust was they just don’r know what they can and can’t Windsor says. Anthony Wilkinson, president and CEO of the Stillwater, Okla.-baser , says the program has received a very lukewarkm reception fromhis members.
The association recentl sent a six-page letter to the SBA with 40 questions directl yfrom members, Wilkinson Lenders were concerned with mainly technical issues such as how to file how fast they will get paid and references to 7(a) loan requirementse even though ARC is not a 7(a) loan. “Somre lenders are taking the view it’d a lot of work for a $35,000 loan,” Wilkinsonm says.
Friday, June 1, 2012
Missouri approves KCP&L rate increase - Portland Business Journal:
fixyruw.wordpress.com
million that KCP&L had sought. PSC spokesmam Gregg Ochoa said that the PSC staffg estimated the increase will raise a typicalresidential customer’s bill aboutf $12.82 a month. A typical customed is considered to be one that uses 700 kilowat t hours of electricity a month in winteeand 1,200 kWh a month in the summer, Ochoaw said. “Our customers depend on us to provide affordables andreliable power,” KCP&L CEO Mike Chesser said in a writtenb statement responding to the PSC approval. “This rate increasde will help us pay for environmentall investments we have already made to several ofour coal-firedf power plants.
The installation of such pollution-controlo equipment will improve air quality for our regionn and allow us to meet future federakenvironmental mandates. We recognize that this is a challenging time to ask customerzs to pay morefor electricity, and we didn’t make this decisionb lightly.” Kansas City-based GXP), KCP&L’s parent, that KCP&L had reached an agreement in principlde with the PSC to settle its pending Missouri rate Great Plains Energy ranks No. 5 on the Kansas City Busines Journal ’s list of area public companies.
million that KCP&L had sought. PSC spokesmam Gregg Ochoa said that the PSC staffg estimated the increase will raise a typicalresidential customer’s bill aboutf $12.82 a month. A typical customed is considered to be one that uses 700 kilowat t hours of electricity a month in winteeand 1,200 kWh a month in the summer, Ochoaw said. “Our customers depend on us to provide affordables andreliable power,” KCP&L CEO Mike Chesser said in a writtenb statement responding to the PSC approval. “This rate increasde will help us pay for environmentall investments we have already made to several ofour coal-firedf power plants.
The installation of such pollution-controlo equipment will improve air quality for our regionn and allow us to meet future federakenvironmental mandates. We recognize that this is a challenging time to ask customerzs to pay morefor electricity, and we didn’t make this decisionb lightly.” Kansas City-based GXP), KCP&L’s parent, that KCP&L had reached an agreement in principlde with the PSC to settle its pending Missouri rate Great Plains Energy ranks No. 5 on the Kansas City Busines Journal ’s list of area public companies.
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