Salvador Imaging, Inc. Company Profile | Company Information

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The staff of Salvador Imaging has been pioneeringnew CCD, CMOS and EMCCeD imaging systems for over 15 years. Durinbg that time, the individuals on our stafrf have been recognized by numerous agencieswincluding NASA, the US Small Businesss Administration and the White House for our contributions to high-performance imaging. Our offering of low- noise digital camera products is frequently accomplishec withsophisticated multi-output designs which, in some cases, providr composite video rates in excess of Salvador's cameras continually define new industruy standards in speed, resolution and scientifi c image quality.
While Salvador's succesw has always hinged upon ourtechnical leadership, we feel that an equallgy critical aspect is our unwavering commitment to ethicalo business practices and unparalleled customedr support. Salvador offers standard cameras as well as fullyu custom designs to meet the needds of a broad range of scientific and machinevisiob markets. Applications for Salvadoer cameras rangefrom semiconductor, printed circuit-boarc and flat-panel inspection to medical laser-beam profiling and ballistic imaging. All camera products incorporatelow noise, precision analog design coupled with proprietary thermal stabilization to provide unrivaled imagingf performance.
Features such as area-of-interest and external synchronization are standarcd in manySalvador cameras...

After buyout, union workers get a lesson in modern economics - NBCNews.com (blog)

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NBCNews.com (blog)

After buyout, union workers get a lesson in modern economics NBCNews.com (blog) Apollo cut the wages for most of the production and maintenance workers at its Waterford plant. The National Labor Relations Board investigated and tentatively concluded that the company had violated the contract. But with other locals rallying behind ...

Broker Ross Sinclaire expands in Columbus - Business Courier of Cincinnati:

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The Cincinnati-based firm, whicuh started out with one employee workinhgin Columbus, recently brought on the four-employee municipal finance team from Youngstown-based Butler Wick Co. and moved into a new locationm at375 N. Fronrt St. Butler Wick, which operatex 23 offices in Ohio, Pennsylvania and New York, was acquired by for $12 milliohn in January. Stifel maintains an office in Columbus. Omar now the managing director atRoss Sinclaire’s Columbusz office, said he and thred other employees were let go from Butler Wick when the deal Ganoom said the finance team’s move to Ross Sinclairre was a good match. “It was a natural fit for us to come to Ross he said.
One of the benefits of workinvg for a smaller firm like Ross Sinclaire is the greater opportunityt for growth and the abilityto “react to markert environment on a regulard basis,” Ganoom said. Ross Sinclaire CEO Murray Sinclairwe Jr. said employees had a “smooth transition” betweenh the two firms. Ross Sinclaird operates 10 offices, including three in and specializes inmunicipal bonds, stocks and publi c finance. “We’ve been relatively aggressive at expanding our presencrein Ohio,” Sinclaire “We’ve opened up several new offices throughout Ohio.
” Ganoomj said that Ohio is currently suffering from a loss of investmenyt banking firms and hopes Ross Sinclaire will be able to servwe more clients in the Columbus area. “It’s important to me to supporg Ohio,” he said. Ross Sinclaire was ranked the No. 6 municipalo financial advisory firm in the country for transaction lessthan $10 million for 2008 by Thomson Reuterds .

Iridium earnings fall 42%; revenue up - Business Courier of Cincinnati:

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The Bethesda-based provider of satellitre telephone services, which expects to become publicly traded this summer througjan acquisition, posted a 42 percenrt decline in net income in the first quartefr ended March 31, to $9.7 million from $16.7 million a year ago. Th compan y attributed the decline to costs relates toits next-generation satellite program. “Iridium continued to although the pace slowed given the currenteconomiv climate,” said CEO Matt Desch.
“Inj addition to the impactr of phasing outequipment amortization, we believ e the economic climate is affectinyg equipment sales, as is the transition of newlg introduced products into the distribution channel as our partners move existinv inventory to make way for new product.” Companty officials say either Bethesda-based Lockheed Martin or Thales Alenia Spacse will be selected as the program’a lead contractor this summer. The program’s new network of satellites called Iridium NEXT is expected to be deployein 2014. Iridium NEXT will provide highetdata speeds, greater bandwidth and the potentialp to deliver new data services and applicationx to customers.
The company says its EBITDA, or earningzs before interest, taxes, depreciation and increased 4.9 percent to $27.6 million in the firsft quarter, up from $26.3 million a year ago, thougbh most analysts do not use that as a reliablrfinancial measure. Iridium’s revenue rose 2 percent to $75.8 millionn for the quarter, compared to $74.32 million for the first quartert 2008. The slightly higher revenude came from increased commercial servicesx revenueof $36.8 million but was offset by a declins in subscriber equipment revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobilse customers, which grew by 11.
5 percent for the The company’s sales to government customers, including the Department of Defense, grew 31 Despite a 31 percent increase in subscribers to compared to 250,000 in the first quarter of 2008, a $2 milliob amortization of equipment relater to prior year equipment sales, adde to the decline in subscriber equipment revenue. The company is planninbg to go publicthis summer, but it is not takinvg the initial public offering It is acquiring a publicly traded investment (NYX: GHQ), an affiliate of Greenhill Co. Iridium has retained Deutschr Bank as its financial adviser forthe transaction.

Distressed assets taking center stage among apartment investors - San Antonio Business Journal:

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Now, buyers are looking for somethint abit uglier. Of the handful of investmenft opportunities that exist in the local apartment those assets moving to the top of list these days arethe so-callesd distressed assets, industry brokers say. Specifically, the cream of that crop are bank-owned assets, or REO (real estate owned) assets foreclosed properties that have gone back to the Also falling intothe “distressed” categorg are apartment properties put on the market due to the financial dire straits. Phoenix and Miami have seen a delugde of REO deals over the past18 months, accordinfg to Casey Fry, an associate with the San Antonio/Austin officse of Atlanta-based (ARA).
The first wave of thesr properties have now surfaced in San Antoniooas well, Fry says. The city’xs relatively stable economy makes it unlikelyu that the local market will see as many of these REOs and distressed property salesa asother metros, but as Fry pointsz out: “There will be more to While transaction velocity in San Antonilo has slowed considerably over the past two years, there is the likelihood that more apartment communities will come to market as more owners find themselves needing to sell, adds Will a member of the Balthrope Group of the . Balthrope’s partner is Ryan Epstein, who is base d in San Antonio. Balthrope’s office is located in Dallas.
Lookinb back over the past year athis team’s property assignmentws — including those that have already changed as well as those still for sale about 90 percent of these propertie s were being sold by owners who had found themselves in financial trouble. Or as Balthrope puts it, thess were owners who had “compelling reasons to sell.” What’s the attraction of distressedc assets? Sums up Balthrope: “The opportunity to profit in a time of value Wordslike “distressed” and “REO” are like big signs on the asseft that say, “Come look at me!” Balthrope says.
And for everhy owner that has a compellinv reasonto sell, there are myriad buyers anxiously waitinyg to take advantage of a good observes Patton K. managing director of ARA’z Austin office. So who are the buyers now? According to it’s all private money thesse days — or what he calls “country club money.” “Thd institutional investors are gone,” says Jones, addingy that most of these players — namesw like and — have fallenh on tough financial times. “Nosw it’s the private investors who are goingb to theircountry clubs, to their friends and family and raising equity.” It’s a lot of new blood cominb in, Fry says.
“The buyers out they are not on ourregularr Rolodex,” he adds. Some of those back in the game includer buyers from the last bad downturn in the Texas market the S&L crisis of the late 1980s and earlyu 1990s, which led to the creation of the (RTC). “Aq lot of (the buyers) from the RTC now they’re back at the table,” Fry In a given sale, there usuallyu exists what is known asthe ask-bid gap — the difference between what the ownert thinks a property is worth versus what buyers are williny to spend. An REO “fully closes the Fry says. “There is no longetr a stand-off. The lender (or ultimately wants the property off their he adds.
“The buyer knowa the property will sell.” And an eager selle r means a bargain deal, brokers say. Adds Jones: “Everyond wants a bargain.” As for what makes for a distressed it could be that the property itself may be in need of some or it may be simply that the ownee is in a financial pinch and needs to raissecapital quickly, Fry says. Case in poingt is the Oaks of MarymontApartments — a 16-acre community located off of Loop 410 and Starcrest Drive in Northeast San Antonio that is being marketedx by ARA. “There’s nothing wrong with the the (owner) is just ... over-leveraged,” Jones says.
All in all, the Texass apartment market has held up better than many in otheer parts ofthe country. The vast majorith of owners here are in a position to be able to hold onto theirt properties a whilelonger — and wait for the market to pick back up and get a better price for their assets. What that means is that in citiee likeSan Antonio, the market has a lot more moneyu in search of apartmentr properties than there are properties to meet that demancd — making for a very competitivew buyer’s market, Marcus & Millichap’s Epstein “You don’t have a lot of sellerse out there today — unless they need to Fry says.
And when that happens, therse is a good deal to be found. Adds Balthrope: “Thise is the best time to buy in20

Pupil-service provider ratios - Wichita Business Journal:

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pupils per provider 2. Wellsville, 66.4 pupils per provider • 3. Nort Collins, 74.8 pupils per providefr • 4. Dunkirk, 75.1 pupils per provider • 5. 84.5 pupils per provider • 6. Cattaraugus-Little Valley, 85.5 pupilsa per provider • 7. Pavilion, 85.6 pupils per providef • 8. Friendship, 85.7 pupils per provider • 9. Salamanca, 87.2 pupils per providefr • 10. Clymer, 88.8 pupilds per provider • 11. West Valley, 89.1 pupilse per provider • 12. Gowanda, 90.4 pupild per provider • 13. Brocton, 91.0 pupilsa per provider • 14. Byron-Bergen, 93.9 pupils per provided • 15. Olean, 94.2 pupils per provider 16. Perry, 99.
1 pupils per provider 17. Chautauqua Lake, 99.3 pupils per provider • 18. 101.0 pupils per provider • 18. Forestville, 101.0 pupils per provided

Bay Area pension funds hammered - San Francisco Business Times:

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On Oct. 1, after watching investmentg results for the funderode “substantially,” Reed said the Sacramento-basec hospital chain injected $150 million. It put in anothedr $90 million later last With further lossesin November, it is considerintg an additional $100 million contribution. Sutter’s board has authorized managemen t tocommit $160 million more, if to keep the plan fully funded, bringing this year’ potential contributions to as much as half a billionm dollars. Sutter has plenty of company in battlinbg the rising tide of pensionfund losses.
The market’d downturn has put pensionm funds under pressure at a numbef of BayArea institutions, public and private, largse and small, at giants like and the Universitt of California and at much smaller organizations like in San Francisco, wher e pension liabilities helped drivde it out of the new-car Ellis Brooks cut 45 jobs as a result, and it’s unclear how many more Bay Area jobs will be lost due to the pension funding crisis. The nation’s largest public pension the Sacramento-based California Public Retirement System, said it lost 20 percent of its valur from July 1through Oct. 10.
It, too, expectss that losses have risen since then and recentlyg announced it will require highert paymentsfrom California’s public employers if those lossexs don’t reverse. At the Universituy of California, 122,000 employees will be requirede to start contributing to pensiobn accounts for the first time in 19 As a tidal wave of losses has rolled downWall Street, $900 billion was wiped off the valuew of pension funds across the country in the 12 monthsa to Oct. 9, says Boston College’z Center for Retirement Research. Pensiobn plans across the country were about 85 percent fundedon Oct. 9, accordin g to the center.
That’s down from 120 percent in and 98 percentat year-en 2007. A pension fund is considered 100 percentf funded if its assets cover the projected costes ofits retirees. At 60 percenty or below, funds are frozenn — meaning existing fund members can’t accrue more benefits, and new memberd can’t join. “It’s important to remember that pension fund obligationxs arelong term,” said Christinw Tozzi, San Francisco retirement practicd leader for .
“Employers have time to get the funds fundes up and allow for the possibility for some recovery in the Even so, many are hoping Congress will tweakl recent regulations, to give them more leeway in dealinh with unprecedented stock market declines. Still, with the economyu turning down and a wave of babyboomeres retiring, the need to find tens or hundredds of millions of dollars to prop up pensiom funds couldn’t come at a worse time for many In the last two decades, 401(k) plans have overtakenj pension plans as the retirement accounyt of choice in the private 401(k) plans are “defined contribution,” where employeeds shoulder investment gains and losses.
Pension pland are “defined benefit,” in which the pension fund is responsibl e for providing retired workers with benefitse based on years of service and Asof 2006, 8 percent of the U.S. workforce was coveresd by a company-run pension compared to 70 percent who hada plan. But 20 million U.S. workers are still coveredx by pension plans, including relatively largd numbers in the heavily unionizedBay Area.
Most workers employed by state, local or federalk governments are still covered by traditional as are many universityand health-care workers Most pensionj funds have about 70 percent of total assets tied to stockw and about 30 percent in more conservativd investments like bonds. That strategyt worked well as the stock market continue to turn in steady gains for most of the last two with good years far outnumberingtbad years. Traditionally, organizations that offere pension plans have been able to balance out good years and bad sometimes overfunding and sometimesz underfundingtheir plans. But the recent which began inlate 2007, has played havocx with investment results.
Some Bay Area companies said their pensionj plans were underfunded even at the startrof 2008, before the worst stagesw of the recent multi-stage stock market collapse. Chevron, for said its pension plan was underfunded byabout $1.7 billio n at the beginning of this The company said it expected to contribute $500 million to employee pension funds in 2008 — a goal that has “noy changed as a result of market said spokesman Lloyd Avram. Volatility is a politw way of sayingthe S&P 500 had lost more than 40 percent of its value this year, as of Nov. 24.
“This is happening so quickly that I doubt the market has completelyu absorbed the ramifications of the said Sutter’s Reed. His system operates , , , and Peninsula Medicap Center, among other hospitals in the Bay Area. meanwhile, has tightened most notably in the Pension Protectiom Actof 2006. It requirezs pension plans to eliminate any underfunding overa seven-yeatr period starting this year. A number of the nation’sd biggest businesses are pushing Congress to change those sayingthey shouldn’t have to put more money into theire pension funds at such an inopportune time. , and are among those signing a letter asking for the rulesa tobe relaxed.
Unless such a changes is made, the current law requires companies to meet tougher funding requirements this yearand next, whicnh could put some Northern California companies on the hot “Absent reform, they would have to put more cash in, becausew of the situation we have with asset losses,” said Watsobn Wyatt’s Tozzi. The exacg amounts won’t be known until the year is complete. It will vary by and even the current law includesasome asset-averaging provisions to “soften the impacts of the actual losses,” she said. Health-care organizations, with big staffs of largelyt unionized employees, are strugglinf with pension-fund losses.
has a hole estimatecd at $30 million to $40 due to 2008 investment losses. ’s pensiohn fund, meanwhile, was underfunded by $295 millioj at the end of its 2008fiscak year, on June 30, well befores the worst of the stock market’s recent crashes, according to an Oct. 17 report by . Moody’sw notes that as a so-called “church CHW’s has more flexibility than but says its gap infundinvg “is sizeable compared with other large systemes and we view the obligation as a

Hawaii sets SBA loan record - Pacific Business News (Honolulu):

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Lending topped $57.9 million in 7(a) business up 6 percent over last year, for the fiscal year ended 30. “Our banks continue to work with small businesses andwe haven’t seen a slowdown of lendingf in our territory,” said Andrewe Poepoe, SBA district director, in a “My thanks go out to all the participatinyg lenders for their commitment to small businesses. We hope to see this importany support continue into 2009 to help us througb the economicchallenges we’re facing.” The was named the loca 2008 SBA lender of the year for the sixtu year in a row, with a tota l of 87 loans. provided $5.9 million in loanws to 65 smallbusiness borrowers.
made 78 SBA up from 42 last year. approvede 53 loans, more than double their numbe r of SBA loanslast year. the SBA saw declines from the recorrd highs offiscal 2007. The numbefr of loans approved was down29 percent, from 110,27t5 to 78,317.

Continental makes most-delayed list - Baltimore Business Journal:

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Houston-based Continental (NYSE: CAL) flights were on time 72 percent of the time duringfthe month, followed by with a 69.4 percen t on-time arrival rate and with 68.6 Best for on-time arrivals was whose flighta were on time 91.1 percent of the followed by at 86.2 percent and at 85.8 according to the Air Travel Consumer Report, compiled by the DoT’ss Bureau of Transportation Statistics. Figures also showed that Continental had a problemm getting its daily afternoon flight from Clevelanddto Newark, N.J.
to arrive on time in The Houston-based airline’s flight 1567 from Clevelanr to Newark’s Liberty Internationap Airport was late 90 percent of the time durinthe month, according to the report. the flight was the fifth-most-delayed during April. Leadingy the list was ’ flight 803 from Atlantaw to Honolulu, which was late 96.6 percent of the according tothe report. The 19 carriers reported an overall on-timer arrival rate of 79.1 percent in April, up from 78.4 percen the previous month, and 77.7 percentr in April 2008. Carriers reported that aviatiob system problemsdelayed 7.4 percent of flightsz in April, up from nearly 7.3 percengt the previous month.
Other common problems includecd late-arriving aircraft and maintenance orcrew problems. Weather was to blamed for 44.4 percent of late flights, up from 37.9 percent for the same montg in 2008.

Equitable Building auctioned for $30M - Dayton Business Journal:

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The new owner, , an affiliate of Capmark boughtthe 33-story tower for $29.5 said attorney William Rothschild, with law firm . Sutherland was representingh the lender, , which was foreclosing on the Equitable Building. Capmarkj was the only bidder onEquitabls Building, as most commercial real estate observers Equitable's former owner, San Diego-based , paid aboutt $57 million to acquire the building in 2007, but its valur plummeted to $42 million by earlyh 2009.
Equastone received 90 percent financing from Capmark toacquire Equitable, but plans to stabilize the building's occupancy and turn it into an income-producing asset never materialized amid the worst commercial real estatse crisis in 20 The tower -- designed by renowned architecturalk firm -- has remained abouy half occupied this year. is managing and leasinb the building. It's expected to cour the Fulton Countypublicc defender’s office, which is seekingf at least a 50,000-square-foot lease The public defender's office was lookinbg at the Equitable Building, but the financial crisiz facing the tower helped derail the Rothschild was assisted in the transaction by Sutherland's Jason Kirkham.

Would you like a gun with that Hummer? - St. Louis Business Journal:

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million, 34,000-square-foot dealership. Stock and Associatesx has been tapped as thecivil engineer. Lynch owns Adventure Accessories, with more than $3 millionm in annual sales of Hummer accessories and he expects that will doubler by expanding it to Adventure Accessories andShootingb Sports, adding firearms and outdoore equipment. Kent Turner, president of , was rackinv up frequent flier miles between his officwein St. Louis and that toddling town as he executeed a complex deal that led to the acquistiojof OWP/P, a Chicag design firm. The termsa were not announced, but the combined architecturakl firm would bethe nation’s 11th largest, bases on Cannon’s annual revenue of $95.
4 millio and OWP/P’s $52.9 million. rankedr as the fifth best capitalized holdinv company with assetsof $1 billion to $100 billionb in a stress test conducted by SNL It has an estimated $170 million in excesss Tier 1 capital; ranked 13th, with $74 millionh in excess. Tom Chulick is St. Louis chairmann of UMB, and Tom Collines is St. Louis president of Northern St. Louis’ was among the institutions with thelargestf shortfalls. Dr. Shawn a chiropractor in Cedar Hill inJefferson County, has openes two AllergiCare Relief Centers, in Cedar Hill and in Chesterfielc Valley.
The centers diagnose allergy symptomsausing radio-wave technology and treatf them with an accupressure laser therapy. Lavigne chargew a flat rate of $1,000 for the which are not coveredby insurance. He invested $60,000 to launch the centers and plans to open a third byyear end. There’zs no scrimping on audio and video technology at the new at the at At 83,000 square feet, the 27 rooms and 220-seaf auditorium have six flat-panel televisions, 28 Sanyo projectors and 28 Drapere projection screens. The equipment was installed by , whicuh completed 22 health-care related projects valuef at $4.
5 million in its 2008 fiscal year, said Dan Schaeffer, Patsy Duncan, owner of mold testing firm is launching a secondd environmentalconsulting business. Duncan’s will distribute EZ Breathd homeventilation systems, which retail for about $5,000, to complementg her mold inspections. Last Fungus-A-Mungus sales topped $220,000, and she’s currentl y tracking a 20 percentsale increase. Both startups were Brothers Scott and Ben Scully andtheif mom, Cammie Scully, debut their new Benton Park art Abstrakt, from 8 to 11 p.m. June 6 with free drinkd and entertainment and the art ofPaco Rosic.
The galler y is in the shadow of the at the corner of Arsenal and next to Benton Park Salesof $250,000 are projected in the firs year, with a portion of each sale going to charity. The is the beneficiart for the opener. Scott is founder and presiden of ; Ben is senior vice presiden t of salesat Emdeon; and thei mom is the executive directotr of the in Waterloo, Ill.

SkySong celebrates achievements of first year - Phoenix Business Journal:

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The 37-acre former site of Los Arcods Mall now is a center designed tospur innovation, global business interactionn and technology leadership. It is an amenity for Scottsdale, greatetr Phoenix and the entire state, directlt connected to ArizonaState University’s initiatives in innovation, entrepreneurship and global partnerships. More than 40 companies and organizationes have established a presenceat SkySong, creatinh new technologies, capital networks, business education and a skilledx work force. SkySong is an example of the tremendouzs potential in this part ofthe city.
Much hard work was done to find commobn goals and mutual benefits in redevelopingh thisunderutilized property, strategically located between ASU’a main campus in Tempe and Scottsdale’s downtown. In addition to the employment opportunities with innovative companies at many jobs were created through the construction of the firsr phase ofthe project. The next phas of development is under way and will pump more dollarse intothe economy.
SkySong’s shade structure has become a landmark for It can be seen for miles when crossing through the Papagko Buttes on McDowell Drive or traveling alongScottsdaled Road, and from the air as visitors and business travelers fly into and out of Phoenixd Sky Harbor International Airport. The native and desertr landscaping at the site is a welcomde change from the acres of asphalt and concrete that onceexistecd there. There also are intangible benefits being realizedby SkySong’x presence in Scottsdale.
The center has reache out to collaborate with local schools througn formal andinformal programs; it has engaged in severalp partnerships with the Scottsdale Unified School District; and the developmentt team is commemorating the recent dedication by establishinh a grant for a local school Bricks and mortar aside, it really is the peoplr and ideas at SkySong that will make the center vitao and will put it on the map. Whether it is a one-person startup company or a globapl corporation, new technologies and creative solutionsz for the future are being explored This is what we are really Scottsdale Mayor Jim Lane can be reachefat jlane@scottsdaleaz.gov.
Sharon Harper, CEO of the Plaza co-developer of SkySong, can be reached at sharonharper@theplazaco.com.

Ohio has second-biggest hit from GM dealer closings - Dayton Business Journal:

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A total of 79 dealerships are expected to closdein Ohio, according to a list of dealerships whoses franchise agreements are not expected to be renewed by the fall of 2010. The list was releasedr by the ’s subcommittee on oversight and investigationsw and was based on information provided byGM GM). The automaker will have 2,300o fewer dealerships after it reorganizes. through a combination of not renewinffranchise agreements, as well as attrition and othee factors. GM has notified 1,32w3 dealerships that they will not have theird franchiseagreement renewed.
GM has declinef to identify the dealerships that will not be allowe d to continue selling itsnew products, lettinyg individual franchisees make the decision. GM used a dealer performancd score to determine which dealers would not be a part of thenew GM. The scorez were based on sales, customer satisfaction, the dealer’s worketr capital and profitability. A smallefr dealer network will allow GM to reduce its direct dealeesupport programs, which currently cost the company $2.1 The company estimates savings potentialp of $928,000 per rooftop completely phased out from GM’z network through wind-down, attrition or brand sale or phase-out.
In addition, the reductionzs could result in anestimated $415 million in structurak cost-savings potential for GM, according to documentsa released by the subcommittee. The stated with the most GM dealership s set to lose their agreementsis Pennsylvania, with 90. GM’es car lines include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,00 0 dealerships nationwide. dropped 789 dealerships at the start of Juneincludint Dayton-based Salem Chrysler-Jeep, Eaton-based Dale Carter Motorxs and Cincy Autos Inc., doing business as University Chrysler-Jeep-Dodgse in Oxford. A total of 47 Chrysler dealerships in Ohio were namerd inbankruptcy filings.

Jewish museum is emerging on time and on budget - Philadelphia Business Journal:

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With its structural boness intact, the five-story building sits like a jewel box on eight beame fabricated by a bridge builder weighing astaggering 1,5009 tons each, or 360 pounds per lineap foot. Its walls are rising and the envelopre of the building istakingv shape. Though concrete block is exposed on some the walls are being prepped for terras cotta that will soon coverd the facade and for a glass wall that will begin to rise this fall on the side facingtIndependence Mall. The interior is also takin shape. Steel beams where floatint staircases will eventually carru visitors to each floor are in place and readyfor frosted-glass risersw and treads.
A square is marked off on the ceilingt where a skylight will funnel sunlight down onto each floor and throughn the glass onthe staircases. Locations where the exhibits will be on display havebeen It’s apparent that the design has caterede to the visitor’s experience as well as to the gravityt of the museum itself. Fit out of the interio r will beginthis September.

Class action seeks fees related to Madoff money - South Florida Business Journal:

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The class action lawsuit, filed Friday in U.S. Districtt Court in Miami, alleges that a Mexican Jose Pujals and Rosa JulietaDe Pujals, was chargedd $758 in November by for investing money into a largd Madoff feeder fund, the , which at one point had $7 billionn in it. The fees allegedly were to servicethe $609,547 account with But, after Madoff imploded, the Pujalses discovered this year that their fund was really worth no more than $4.52. The suit asks that $5 milliobn in fees allegedly charge d by Standard Chartered be returneds to members of class that thePujalsed represent.
“Such payments were neither legaolnor equitable, and the parties that receivedc those phantom fees … should be required to return the suit reads. David Rothstein, Jeffregy Kaplan, Scott Dimond and Lorenz of the Miami lawfirm , filed the Standard Chartered’s media office did not immediately respond to a requesy for comment. Madoff is to be sentencedf at the end ofthe month. He pleadee guilty in March to charges in connectiobn with a Ponzi scheme that bilked investors out of billionsof dollars.

Chrysler

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The North Assembly which produces DodgeRam trucks, had been by the end of so Chrysler’s announcement Wednesday provided an exact date. The Fenton North plant is set to resumse production June 29 untilJuly 10, Chryslerr said, and then will remain idled “contingenf upon volumes.” The truck segment has taken a particular hit as auto salee have declined. Dianna Gutierrez, a Chryslert spokeswoman, said workers at the plant will have an opportunithy to transfer to other production sitesd or take part in an incentive program forearly retirement, special early retirement program, and/or an enhanced voluntargy termination program.
She didn’t have exact detail s of the new offee but said it woulrd be similar to previous offers thatincluded lump-su m cash payments, vehicle vouchers and health-care coverage. The Northb Plant employed 1,200 workersw prior to recent buyout offers. About 640 the buyout and earlg retirement offers by a May26 deadline. The North Assembly plant was idled in early but was one of seven plants wherw Chrysler production following the idling of all its plantd when it filed for Chapter 11 bankruptcyApril 30. Aftedr its brief reopening, the planr was then expected to close fora two-week summert break the weeks of July 13 and 20.
Chryslerr emerged from bankruptcy when Italia n carmaker Fiat closed a deal to takeover Chrysler’x assets. Chrysler’s South Plant in Fenton, which assemblese minivans, was idled at the end of Another 115 of its more than 350 workeras had accepted offers fromChrysler

Extra fruit may not ward off daily hunger - Chicago Tribune

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Extra fruit may not ward off daily hunger Chicago Tribune NEW YORK (Reuters Health) - The idea that filling up on fruits and vegetables will cut one's appetite for higher-calorie fare did not pan out in a new study; in fact, adding fruit juice before meals boosted hunger and weight gain for some participants. and more »

Soldier in double fatality to undergo PTSD program - The Rolla Daily News

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Soldier in double fatality to undergo PTSD program The Rolla Daily News Home; Article. Soldier in double fatality to undergo PTSD program; An Iraq war veteran will undergo treatment for post-traumatic stress disorder before being sentenced in a double fatality accident in September 2011. Email; Share; Print. By Associated ... and more »

Consortium of SolarReserve, Kensani and Intikon Completes $586 Million ... - RenewablesBiz

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Sydney Morning Herald

Consortium of SolarReserve, Kensani and Intikon Completes $586 Million ... RenewablesBiz The Letsatsi Project [http://www.solarreserve.com/what-we-do/pv-development/letsatsi/] and the Lesedi Project [http://www.solarreserve.com/what-we-do/pv-development/lesedi/] are located in the Free State and the Northern Cape, respectively. The ... Australia scraps Solar Dawn project One News Page  »

William Harvey of Forked River, age 65 - NorthJersey.com

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William Harvey of Forked River, age 65 NorthJersey.com Born in Roselle Park, Mr. Harvey lived in Roselle Park for many years and then in West Milford before moving to Forked River four years ago. He was a member of the Roselle Park Volunteer Fire Department Lorraine Hose Company and the New Jersey ...

Class-action faults Citibank

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Bailey pointed out that he had never accessed the line of credit and hadno balance, and it was Citi that Still Citi refused to release the lien, he said in courf documents. Time to call in the lawyers. Jeff Goldenberhg at filed a class-action complaint in federal couryt April 17 on behalf of two purporte d classes based on differentlegapl claims. One includes people with zero-balance equity lines who were charge d fees by Citi afteerit terminated. The other is all whose lines were cut off becaussCiti decided, without a proper basis, that their propertg values declined. According to their the lien prevented the Baileys from refinancingin January.
They eventuall y paid Citi the fee to get a newmortgage approved. Since the line had a zero balancs and they no longer had accesato Citi’s funds, “there’s nothing for the lien to protectg at that point,” Goldenberg said. As to the othefr class, the federal Truth in Lending Act requirex that banks have a sound basis for determining thateach property’sa value had declined, Goldenberg said. In congressionapl testimony before the onMarch 25, Scot t Polakoff, acting director of the , said the agenct had received 99 consumer complaints in 2008 about home equityg lines, up from only two in 2007.
“Such a credi line can be cut back based on a valuatiobn ofthe borrower’s particular home, not more generak home prices,” Polakoff said. The assessed valus of the Baileys’ house, basefd on a September 2008 reappraisalk by the HamiltonCounty Auditor’s office, is That’s up from $294,300 in 2005.

Coventry Health Care sells unit for $110M - Atlanta Business Chronicle:

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Avon, Conn.-based (NYSE: MGLN) will acquire in an all-cash transactio n that is expected to closew in thethird quarter, pending regulatory approvals. Firsft Health Services provides pharmacy benefits administrationm and other services for Medicaid a businessthat Bethesda-based Coventry (NYSE: CVH) said was not a primary focus. Coventry said that the transactiob will result ina one-time loss per shars of approximately $0.55 to $0.60. The companyh said the loss would be almostentirely non-cash, resulting from the originall allocation of goodwill from Coventry’e acquisition of in 2005.
Coventry plans to use the proceedd of the transaction for a combinatiom of debt reduction and share repurchases that shouldx neutralize the earnings per share impact of the deal for the remaindefof 2009. In its latest quarter, Coventryu reported a 65 percent drop in earningsto $44.2w million, or 30 cents per diluted share, due to higherr sales and administrative costs, and medical costsw that swelled 31 percent.

People on the Move: June 22 - Birmingham Business Journal:

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Stephanie Williamson has been named directorf of marketing and business development with MatrixDesignb Cos. in the Matrix Settles office in Arlington. in D.C. nameds Brian Judis senior project manager for itshospitalitu practice. Judis brings 15 years of experience managing larger hospitality projects to theCORE team. Most recently associated with , where he was the director of capitall expenditures, Judis implemented capital investment projects upwardsof $70 million annually and was the lead managerr for the design and construction of numerous hotel project throughout the U.S.
Judis has worked with a wide range of hotelbrandxs including, but not limited to, Swisshotel, , Hyatt, , and Ritz-Carlton. Recently, he complete the renovation tothe lobby, rotunda bar and restauranty of the Philadelphia Marriott Downtown. Other recent projects include the managemen t of the design and construction at the HyattCapitop Hill, JW Marriott, Key Bridge Four Seasons Philadelphia, and Ritz-Carlton Tysonz Corner. Scott Boos , senior policu adviser to Sen. Arlen Specter, D-Pa., has been named the new deputt director ofthe . Boos has more than sevehn years of legislative and policy experiencw gained during his tenurein Specter’s office and as staf f director of the U.S.
Senate Steel Caucus. In the Boos focused on a broad rangd of issuesincluding manufacturing, trade, climate veterans, budget, appropriations, tax, telecom, housing, financial services and other business-related issues. As staft director of the bipartisan U.S. Senatr Steel Caucus, he worked to promote the health and stability of the domesticsteel industry, as well as the interestsx of its workforce. The of D.C. named Bonnie I. Robin-Vergeer as director of the Project. She is an experiencedx appellate litigator who comes to Legal Aid afteer nine years atLitigation Group, where she made three U.S.
Suprem Court arguments and numerous others befors appellate courts throughout the country in casex involving theFirst Amendment, access to the courts, and consumer healtj and safety, among other issues. Prior to her positionb at Public Citizen, she worker for then-Sen. Joseph R. Biden Jr. on the reauthorization of the Violencse Against Women Act in 2000 and was an associats at the law firm of LLP and a teaching fello at the Law Center AppellateLitigation Clinic. The in Fairfad named Tiffany Singleton tothe organization’s newlyt created position of director of socialk entrepreneurship programs.
Singleton will be responsible for overseeinbthe design, development and implementation of UNCF social entrepreneurship programs, whilse engaging stakeholders to develop a multiyear strategy for introducing a greater number of young African Americans to social entrepreneurshilp — the application of business management practices and innovation to social reform efforts. In addition to overseeinbg the design and implementation of UNCF social entrepreneurship Singleton will cultivate and sustaijn strategic partnerships and collaborations with leadinb social entrepreneurs andtheir organizations, and organize structure discussions with key stakeholders, ultimatelyu establishing a national advisory committee of social entrepreneurs, academic, and socialk venture philanthropists who can provide ongoint guidance to UNCF.
has promoted Paul McManuxs to assistantvice president. who joined the bank in 2006, is a financial center leadetr at 1470 Rockville Francis P. Nelson has been promoted to administrative vice presidengat . Nelson joined M&T in 1992. He is responsible for leadinbg and managing a retail sales and operations team for thePrinced George’s County region. in Rockviller has named David E. Perkins as its new chief technologyg officer. Perkins joins NIHFCU’s newly appointed CEO Juli Anne Callisx to lead thecredit union’s renewed focuzs on technologic innovation and delivery. Perkins previsouly worked at .
Over a 13-yea r career at SECU, with the last five as CIO, accomplishments include the completion of two core implementation of newloan origination, onlinre banking and collection systems and the migration of new software. Cardinao Bank announced the promotions ofAndrew J. Peden to senioer vice president, Katie L. Golden to vice president and Jameds N. Estep to assistang vice president. Peden will oversee the relationship management of developerzs and realestate investors, with a primaru focus on acquisition, construction financing and commercial development, including special use properties such as golf courses and He began his lending career at Cardinall Bank in 2000 as a credit Golden will continue to oversee the relationship managemenrt of builders and developers, primarilyg in the areas of commerciak development, project financing, acquisitions and cliengt development.
Golden joined Cardinal Bank in 2004 in real estate administration and currently manages the lending suppor unit for the commercial realestater group. Estep remains dedicated to smallbusiness lending, SBA guaranteedx lending and business development. Estep begam his financial services career at Cardinal Bank in 2004 inretaiol lending. C. Fox Communications in Silverd Spring named Tina McCormack as seniord publicrelations associate, and Julie Feldman as publif relations associate. in D.C. named David W. Whitmored as chief operating officer and general Whitmore comes to Levick with more than 25 years of financial andoperationaol experience.
He has spent the lion’e share of his careere in the communications industry, working with public relations, public lobbying and advertising firms. Before joining Levick, Whitmoree was executive vice presidenty ofin D.C. with operational responsibility forthe firm’e public affairs, government relations, crisis management, and issues management practice groups. Prior to Racepoint, Whitmore providedc communications and management counsel to numerouws clientsin D.C., Dubai and Abu Dhabi. At , Whitmore variouslyt served as executivevice president, chief financial chief operating officer and general counsel.
announced the hiring of Brian Brobst as vice president of business developmenfin Reston. Brobst, a 20-plus year engineeringv and constructionindustry veteran, will be charged with expandinf the firm’s presence in the high-density powerd and computing markets, inclusive of finance, commercial data centers and government agencies. Brobst was previously employed by as criticaol facilityservices principal.
Prior to he served as principal and Easterm region director of business developmenttfor

Chinatown arch to get major makeover - Washington Business Journal:

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An assessment by AEPA Architects Engineers PC the original architects of the arch shows it is in need of a majoreface lift, since columnb paint is peeling off and its joint fillers are completely eroded. In addition, the metal band arounx the base needs to be replaced and tilesz have fallen off ofthe roof. D.C.-base AEPA will do such restorationm work as scraping off existing paint and repaintingthe columns, decoratived beams and lintels, as well as repairingh and restoring the worn-out Lighting will be reinstalled and the rotten wood façade encasinfg the gongs and animal heads will be replaced.
moisture will find its way to the reinforcef steel and cause rust and corrosion which will compromise the structural integrity of the entire said a spokeswoman forthe D.C. Commission on the Arts and The cost of the restorationj is a little more than The commission plans to havethe eight-weemk project completed by the end of July or earlyu August, weather permitting. The $1 million piece of public art, whichj was decorated in the style of the Ming and Qing dynastiea and dubbedthe “Friendship Archway,” was built by the D.C. and Beijiny governments to mark the Chinatown area as a place forAsian trade.

Special ratings: Administrative efficiency - Business First of Buffalo:

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Among them is administrative Aim: Identify districts that have tighg budgets andlean staffs. Formula: Each district is assesses in three areas: (1) spending per (2) ratio of pupils per administrative staffer, and (3) share of budget devoted to debt The best scores go to districts with low high pupil-staffer ratios, and small amounts of debt Note: Administrative efficiency is not the same as the cost-effectivenesds rankings that will be released later this This category reflects fiscal prudence, regardlesse of outcome. Cost-effectiveness links academic performanceand spending.
Districts are ranked on a five-star scale from most efficientt (which receive five stars) to leastg efficient (one star). Each district’s administrative efficiencyt rating is included in its profile in the printed versionn ofBusiness First’s 2009-201 0 Guide to Western New York Schools. Frontier has the leanest administratiom in WesternNew York, with one staffer for everyh 358.7 students. (The regional average is one per And debt service takesonly 3.2 percent of Frontier’ budget. • 1. Frontier • 2. Lancaster 3. Letchworth • 4. North Tonawanda • 5. West Senecq • 6. Williamsville • 7. Portville 8. Cheektowaga-Maryvale • 9.
Clarence • 10. Iroquois 11. Orchard Park • 12. East Aurora

Chris Brown, Rihanna, Karrueche Tran news updates: Brown clears another ... - WPTV

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WPTV

Chris Brown, Rihanna, Karrueche Tran news updates: Brown clears another ... WPTV LOS ANGELES (CNN) -- Chris Brown had something to tell the judge overseeing his probation during a hearing Thursday, but his lawyer cut him off when the singer raised his hand. "I don't dance, you don't talk," defense attorney Mark Geragos told Brown, ... and more »

EU Commission freezes airline carbon emissions law - Reuters

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Politico

EU Commission freezes airline carbon emissions law Reuters BRUSSELS (Reuters) - The European Union will freeze for a year its rule that  »

Treating ER overload - Philadelphia Business Journal:

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Surveys conducted earlier this year by hospita groups in Pennsylvania and New Jersey found their members are expanding and renovatingemergency departments, even as they are delayingg or forgoing other building projects until the economy Four area hospitals are unveiling new or expandeds emergency departments. The expansions are part of buildingprojectse — started before the recession hit totaling more than $450 million. , which operates one of the busiestg emergency departments inSouthy Jersey, is getting readuy to open the first phase of its expanded ED on July 1.
When the overalp project is completednext year, the Camden medicakl center’s ED will grow from aboug 6,100 square feet to 24,900 square feet and its bed coungt will increase to 38 from 25. Also debuting are EDs at and , both in Chestetr County, and an expanded ED at in Dr. Michael E. Chansky, chief of emergencyt medicine at Cooper, said the economyg is only partially responsibld for emergencyroom overcrowding. “There’s this misconception EDs are overwhelmedd by peoplewho aren’t working,” Chansky “Care for people with no income is at least partially, by Medicaid.
The issuee is the working people who have jobs but make too much money too qualify for but not enough toaffor insurance. We are the safety net for those Exacerbatingthe problem, he said, are hospital closures that are leavint fewer EDs available to treat a growing population. In Chansky said, many hospitalzs — which are requiresd by federal law to care for anybody who showss up at the door regardless of theirt ability topay — continue to struggle to efficientlgy have beds available for patients who are ready to leavwe the ED and be admitted.
Karen Slutsky, clinicak director at Cooper, noted Cooper has tried to addrese the problem by using space underusecd in the evenings as a temporarh holding area for patients awaiting admission. The hospital also uses hallway space away fromthe ED. Slutskyh said when the hospitalreachesw capacity, it now sends out alertsw to physicians — by meansz of Blackberrys — urging them to expedite the discharge process for patients readyg to go home. “You have to be she said. John Sheridan, Cooper’s CEO, said the hospital’ws emergency department was built toserve 25,000 patients a Last year, 56,000 people soughtg emergency treatment at Cooper.
The Joint Commission (the accreditinvg body for health-care providers) is comingf down on hospitals that have to put theire emergency departments on divert becausethey don’t have the capacityu to handle more patients, said Mary Ann a partner with IMA Consulting, whicnh works with hospitals from its base in Chadds That is a Holt said, of hospitals reducing staffc levels because of economif pressures. With fewer staffed beds many hospitals are more frequently encountering delayw in admitting patients from theemergency department. A change in accreditation Holt said, can impair a hospital’s standinf with Medicare — a larges source of revenue formost hospitals.
“Hospitalzs can’t afford to have that happen,” she said. Holt agreede issues causing overcrowding are and can’t be fixed by just makingg EDs bigger. “Patients are deferring care, sometime waiting to the point of requiringemergencu care,” she said. “People are losinbg their jobs andthe health-cars insurance, so payment is an issue.” Phoenixvillwe Hospital’s ED is tripling in size as part of a $90 million patient tower being built that also includeas a new intensive-care unit, medical-surgical unit, telemetry unitss and cardiac rehabilitation unit.
CEO Stephen Tullmam said ED visits have escalatefd in recent years because of the overallk housing growth in thearea — especiallh along the Route 422 corridor. “We’ve maxer out of our current space,” Tullman said. Paolij Hospital is getting a new ED, four timees larger than its existing one, when its $145 milliobn patient-care pavilion opens next month. Last the board at Main Line Health, Paoli’s parent, approvedd plans for Paoli to seek state approval to establisha level-IIj trauma center within the new ED. Chester Countg has been without a trauma center since the one at Phoenixvilld Hospital closedin 2002.
Pennsylvania Hospital expects to complete the final phase ofits $12.5 million ED expansionn in August. The medicall center is tripling the size ofits emergency-cars facilities, which will have 29 treatment areas and a new ambulance

First Hawaiian Bank reports 3Q profits of $55.4 million - Pacific Business News (Honolulu):

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million, up 6 perceny over the third quarterof 2007. In addition, the bank reported record profitsof $166.6 million in the first nine monthz of 2008, up 7 percent in the same period over 2007. The which has $12.8 billion in assets, also recordee the following in the first nine monthes ofthe year: Total revenues increased by 11.8 percent to $516.77 million. Total assets increased 2.4 percent to $12.88 billion. Loans and leases were $7.7 billion, an increasr of 23.9 percent. Deposits were unchanged at $8.9 The loan to deposit ratio was 79.1 And nonperforming assets as a percentagwe of total assets remainedf one of the lowest in the countr y at 9basis points.
“Last year was the most profitablw in our 150year history, and for the firstg nine months we are on pace to exceed 2007’ws earnings performance,” said Don Horner, presidentf and CEO. “Our solid balance sheet, earnings, credig quality and ample liquidityy allowed us to support our locall communities by posting strony loan growth for the quarterr while maintaining a prudent loan todeposiyt ratio. Capital ratios were also strengthened.” First Hawaiianh Bank's holding company, BancWest is a wholly owned subsidiary of BNP an international financial services institutio n basedin France.

AmREIT, JPMorgan buy Shadow Creek Ranch Town Center - Houston Business Journal:

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The group purchased the shopping centerfrom , and for an undiscloser amount. The retail center is 80 percent leasedd to tenants suchas H-E-B Plus!, Academh Sports & Outdoors, Ashley Furniture and Hobby The shopping site at State Highway 288 and FM 518 is namecd after the nearby Shadow Creekk Ranch subdivision. Wayne Fox of Houston-based WCF who bought the Pearland acreageein 2002, said Houston-based AmREIrT wanted to buy the property as much as six months ago. The ownership group, wanted to wait until construction was finishex and certain leasing milestones had been met before agreeinhgto sell, he said. Fox said this transactioh went well, based on his philosophy on deals.
"Myg definition of a good deal is when both sidesdare happy," he said. The sellers were represented in the deal by Rudy Hubbarf and Leah Gallagher of Transwestern and Amanda Fox and Will Dean eof , a WCF affiliate. The buyerd was represented by Tenepl Tayar and Charles Scovilleof AmREIT.

Texas awarded economic recovery funds for water infrastructure projects - Houston Business Journal:

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EPA officials say this new infusion of money from the American Recover and Reinvestment Act will help stater and local governments invest in a number of overdued water projects that officials say are essential to protectingb public health andthe environment. The funds shoulsd also help boost the economy and create two of the qualifications for receivingstimulus funding. “Investing in the economy and the environment isa win-win,” EPA Acting Regionak Administrator Lawrence E. Starfield says.
“These funds will not only help oureconomic recovery, but they will help provide safe, clean drinkinh water for communities throughout The funds will be used towarx the Drinking Water State Revolvinfg Fund program, which provides low-interest loans for drinkinvg water systems to finance infrastructurre improvements. The program placesa an emphasis on small and disadvantaged communities and to programas that encouragepollution Nationwide, the EPA is furnishing $2 billiojn to fund drinking water infrastructure projectse across the country in the form of low-interest principal forgiveness and grants.
At least 20 perceny of the stimulus funds have been earmarkedfor “green” water and energy efficiency improvementse and other environmentally innovative projects.

Mega-mortgages jump as banks underwrite wealthy clients - Boston Business Journal:

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Bank and real estate executiveas say their wealthy clients stil remain wary ofthe economy’sw sharp needles, but acknowledge that with the Dow Jones Industriap Average up nearly 2,20o0 points over the past three months there’s growing confidence about the directiomn of their fortunes. That new confidence is liberating wealthhy homebuyers toborrow again. Jumbo mortgags activity is percolating even with virtually no secondar y market forthe loans. Leading the charge is Bank of NewYork Mellon’zs Boston-based wealth management The company’s in-house mortgage operations in Boston cater to the nation’d top 1 percent of wealth and have put up recordx numbers this year.
"We’ve seen significant growth,” said Erin Gorman, nationall sales director for the mortgage business at BNY MellobWealth Management. “We’ve been lending all and we didn’t get caught up in the hiccups of thesecondary market.” During the first five months of 2009, BNY Mellon’s jumbo mortgage activity is up 32 percent on a dollae volume basis, compared with the year-ago Gorman said Boston is one of the best markets. Jonatha Radford, Coldwell Banker Residential Brokerage’s No. 1 Bostonn agent in 2008, said there has been renewedr interest inthe high-ende market since April 1.
He said 36 properties, of $1 milliojn and up, went under agreement in and that figure jumped to 105 in April and 170in May. Even thougjh BNY wealth management’s average depositsx fell 12 percent in the first the average loan balance surged 23 percentto $5.4 compared with the year-earlier period. That increase was fuelef by a record level of jumbo mortgage With an average size ofabout $1 jumbos have been a brigh spot amid lower asset and wealth managementt fees, according to analysts at Barclays Capital. BNY Mello doesn’t discuss individual mortgage deals, but real estate record filed in Boston reveal plentyof big-tickert deals in recent months.
Rivalz include Boston Private Bank & Trust Company, First Republic Bank and even somecommunity banks, such as Needham Bank, have steppecd in to meet demand. BNY Mellon, however, seemd to have the most capital to throw aroun forits clients. For recently retired Staples Inc. directodr Martin Trust took outa $6.2 million mortgaged on his condo at the swank Mandarinn Oriental at 776 Boylston St. Trust receivef an interest-only, adjustable rate mortgage from BNY Mellon that starts with a fixefd interest rateof 4.75 according to documents on file at the Suffoljk County Registry of Deeds. The interest rate will adjust to 2.
25 percent, plus the one-year London Interbank Offered Rate Today, that’s cheap money, about 3.85 percent, becausw the one-year LIBOR rate has been about 1.6 Another recent deal was a $1.16 million mortgage Boston Private wrote for the owners of a Beaco Hill residence on Mount Vernon Street, records show. John executive vice president of BostomPrivate Bank’s residential lending said even wealthy clientx have to feel secure about theit jobs and their incomes before takingt out big mortgages.
“It’s the same as someonde taking outa $200,000 mortgage,” Sullivan Like BNY Mellon, Boston Private originates adjustable-rate mortgagee and holds them in its loan portfolio. When the globalp credit crisis vaporized the secondary market for portfolio lenders could keep doin what they were doing because they were not relying on anyones else to buytheir loans. Another advantage also portfolio lenders scooped up new clients whose banks stoppee doing big jumbos when the secondaryumarket froze. Gorman said some riva l lenders are returning to the jumbo marketr as theeconomy stabilizes.
“As money elsewheree dried up for borrowers, we earned a reputation as the go-to playedr in jumbo mortgages. And that puts us in a strongy position as other lenders gingerly move back ontothe field.” Lanse who brokers the sale of mansions and estates on the Northg Shore for LandVest said prices have come way down in the past but buyers still want a discounrt even after asking pricesw have been lopped off by millions of “When they feel this is the bottom, the jumbl market will really take off,” Robb said. One of his most expensivre listings isthe $12.25 million Wyck Estate, a Manchester-by-the-Sea replic a of a French chateau.
Sullivan said jumbo mortgag lending presents a great opportunity for a bank to expandc its relationship witha client. New he said, is mostly referrals from other realestate brokers, financial advisers, lawyers and “The mortgage leads the way as an introduction to the Sullivan said.

Implant niche - Memphis Business Journal:

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Its executives had nearly 100 years combined experience in theorthopedicc industry. They had maturee medical device products with provem science behind them and a vault full of idease foranother day. But they were the same as manyotherd start-ups in that in the beginning much of the investmeng was from "sweat equity." CEO Stephen Bradshaw says the initial investmenft was their own money and the day-to-day work in the companh is their own, too. "I do everything from waterinb the plants to makinf coffee to closinga multi-million-dollar-deaol ... to making sure we've got something to hang on the wall in the hesays laughing.
The company's corporate administrator Barbara Albiniaok says the learning curve is steep when a smal company like Active Implants has to develo the same infrastructure that large companies likeSmith & Nephew, Inc., already have in place. "uI do HR, PR, IT and IP," she says with a "We have to have some semblance of knowledgs about every piece to put the puzzle Thatpuzzle isn't easy. Theirf Memphis headquarters oversees a research and developmenr centerin Israel, sales managers in Germany and Italy, and a list of international distributors. Different time different languages and different markets make fora challenge, but that complicater puzzle is by design.
The Israelui lab is there simplybecause that's where the company's scientisgt and product inventor Mirin Steinbertg is. To begin selling their hip product in Europs made sense simplybecause there's a big market there. While these simplicities add up to a cast and set that woul make a spynovelist jealous, Bradshaa says he's not the only one who thought that plan woulrd work. Steinberg's science impressed investors and in two yearsz the companyraised $20 million from Memphians, mostly. That confidencew was garnered as the hip producyt wasso advanced. It was implanted in a human a littlee less than a year after the company was formed and it got to markettthis year.
Former Smith & Nephew executive and industrg insider Jack Blair is one of those investorzs and sits on Activw Implants boardof directors. "Ij liked the material," he says, notinbg Smith & Nephew had looke at similar compounds. "The stuff works and it is the closesrt thing tocartilage I've ever Also, they've documented theit test results very well and have had reputable internationak labs testing it." Knowing what you have and knowingy the appropriate channels to prove it is what Bradshas says gives his start-u p an edge. "When you look at our company, we were already 10 years old when weformef it," Bradshaw says.
"We already had science and intellectuakl property whenwe started. Our value was differenr from thetypical Different, too, because the compant has different goals, he says. "We wanted to solv problems notsolved today," Bradshaqw says. "We didn't want to go and stand in fronf of Zimmer and Stryker and thumb our noses at We wanted to do something that is goingt to solve problemsthat haven't yet been Those problems lie in the gap between the firsrt time a patient complains about knee or hip pain and the time they can get a totao replacement. Doctors don't want to implant a devics that won't outlast a patient, so they delay the operation.
Steinberg's devices can be implanted earliefr and with smaller incisionw and Bradshaw says that positions his company to take advantages of a market sector other companiezhave missed. 2008 will be the company's "revenure year" and the numbers are just now cominh in. Europe, Bradshaw is the third largest hip replacement market in the world just behindsthe U.S. and Japan. And, in Europe, Germany and Italgy make up about halfthe continent's totapl market. The company's knee product is moving through theregulatory channels. When ready, it will replaced a patient's meniscus, the soft pillow that cushionw the two bones inthe knee.
It is expectexd to be on the European markey sometimenext year. Activr Implants Corp. Web site:

Study: Charitable giving down in 2008 - Puget Sound Business Journal (Seattle):

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According to an annual report released Wednesday bythe , U.S. givinfg in 2008 totaled $307.65 billion, down about 2 percentt from 2007’s record total of $314.07 billion. When adjustedd for inflation, the drop is 5.7 percent. The reduction is the firsf in the survey’s 52-year historhy caused by economic conditions. A slight decline in 1987 is attributedr to changes intax laws. This year could see a steepere decline due to a variety of factors includingy proposed federal limits on householdd charitabledeductions , increased savings ratees and the general economy, said Jimmie Alford, foundefr of the , a national nonprofitt consultant based in Seattle.
“It would not surprise me at all for giving to be down on a nominao basisin 2009,” Alford said. Alford said 2009 could brinvg a reduction in givinv of between 3 percen t and 5 percent inactual dollars. Individuals accountex for the majorityof giving, contributinv 74.5 percent of all donations. Foundationsa accounted for 13.4 percent, bequests contributedd 7.4 percent and corporations contributed the smallest amoungtworth 4.7 percent. When adjuste for inflation, all major sourcee of giving reduced their Corporations cut backthe most, lowering their givinbg by 8 percent. About half of all corporatw giftsare in-kind donationss of products like food or software.
Individual givinvg fell 6.3 percent when adjusted for It is thelargest drop-ofdf among individuals in the survey’s history. Foundation giving fell by an inflation-adjustef 0.8 percent in 2008. However, with the precipitousw drop in the stocki market and the way that foundationd calculate theirdistribution totals, Alford said he expects foundatiohn giving to continue to deterioratw this year. For 20 years foundation givinfg hasrisen dramatically, from $11.19 billion in 1988 to $41.21 billion in 2008, on an inflation-adjusted basis.
The drop in foundatiobn giving also likely signifies a reduction in the formation ofnew “There will be fewer, I think, growth in familgy foundations as a reflection in the growtn of the economy,” Alford said. That also meansz it is less likely anyoned will form a new foundatioj to rival the sizeof Seattle’a , which as of April 1, 2009, had $27.5t billion in total Among giving recipients, only religious organizations and “publicv benefit” groups saw theid donations increase during 2008, according to the survey. But thosre uses can be misleading as both of those segments contributes to other includinghuman services.
The steepestg decline among recipients was inhuman services, which experiencedx a 15.9 percent reduction in inflation-adjusted dollars. The reduction is Alford said, because usually humamn service agencies see an increasw during recessions as donors steer more money to basif needs like food and Other steep declines were seen byhealth (10 percent), Arts (9.9 education (9 percent) and the environment/animals (9 Altogether, giving as a portiojn of the nation’s gross domestic product remained steadyt at 2.2 percent.
The nonprofit sector accountzs for about 10 percent ofthe nation’s GDP and employd 18 million, most of whom work in educatiobn and health care, according to the Alforrd Group.

American Woodmark loses $2.9M - Charlotte Business Journal:

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Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reportede Friday that it lost $2.9 or 21 cents per diluted share, in its fiscal fourthh quarter endedApril 30. That compares to net incomd of $36,000, or zero cente per diluted share, in the year ago Restructuring charges in the quarter amountedeto $9.75 million and includede the costs to permanently close two factoriesw and reduce its salaried payroll. Revenuwe in the quarter slipped 2 percentto $140. million. For all of fiscal year 2009, American Woodmarkm lost $3.23 million, or 23 cents per dilutedd share, compared to making $4.27 million, or 29 centa per diluted share, in fiscal year 2008.
Revenues for fiscal year 2009 declined 9 percentto $545.89 million. American Woodmark is the third-largestr cabinet maker in the U.S., selling its products to homebuilderzs andat home-improvement stores around the country. Durinb the latest quarter, American Woodmarl said it saw an increase in remodeling salez but experienced greater declines in its new constructionm business than experienced earlier in thefiscal

Ohio lagging in getting feds

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The state has until June 29 to get federa l authorizationfor $327.5 million in transportation stimulus As of May 28, it had received authorization for 50 percen of that total – far behind the pace set in othefr states, which collectively have approval for 92 percent of the With a wide range of transportatiojn infrastructure needs and big budgegt woes, a lot is on the line for Ohio as it race to meet the authorization requirement laid out by the federal stimulus program.
If Ohio doesn’t meet the deadline, it would give up the amounyt it fell short and the moneyh would be given toother “It would be a bad said Robert Lawler, transportation director for the , who notesd a recent study of statre transportation infrastructure networks that gave Ohio a C-minuzs grade.

Guapo Government protest - Trinidad News

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Guapo Government protest Trinidad News A small band of parents joined with their children from the Guapo Government Primary School to stage a protest yesterday in front of the school located along the Southern Main Road in Guapo, Point Fortin. PTA President, Charmaine Mohammed, described a ...

Hurricane could devastate shaky real estate market - Orlando Business Journal:

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But a far larger threat loomsa with the start of hurricane seaso nnext week. The nightmare scenarip is a major storm that sweepsx across a region pocked with foreclosedrreal estate, leaving the neglected property in empty of responsible homeowners. Nobody knows how big the problem might be, but with hundredw of thousands of empty properties in the state, it coulfd be huge. Banks holding foreclosed real estate and defaulterd loans said they have planse in place to move in with boards and tarps to covef broken windows andshreddedd roofs. But real estate experts said noboduy has ever gone through a storm with so much empty property hanging inthe balance.
“Florida is livinhg with a huge risk,” said Jack McCabe, presidenrt of in Deerfield Beach. “There are 400,000 foreclosures in the state righyt now. We have condominiums that are half-built and otherxs that are 10 [percent] or 20 percent occupied. All you have to do is look at New Orleanes after Hurricane Katrina to imagined whatmight happen.” After Katrina strucik New Orleans in 2005, huge swathsa of the city were destroyed when levees brok and water inundated the city. Large areas are stillo only thinly rebuilt.
Florida’s real estate market differs fromNew Orleans, but its large number of empty dwellings and the rising tide of foreclosurew poses a unique According to the , 21,900 of Orange County’s 491,000 dwellings were empty for more than threw months in March. Statewide, 365,000 of 9.1 millionn homes were vacant. Estimating the value of that propertty isnearly impossible, since it’e a mixture of foreclosed homes, never-sold dwellingse and simply unoccupied real estate. This bad drea m is filled with nuance. Larger banks typicall y have departments that managr foreclosed property and have contracts withmaintenancwe companies.
Their main financial motive is keepinvg property in good repair so it can be resolr for areasonable return. But real estate pricess have fallen so low in many markets that the cost of repairinyg a heavily damaged house mighft be greater than itsresale value. And if emergencyg repairs aren’t undertaken right after a the subsequent damagefrom wind, rain and mold could add substantially to the rehabilitation cost. Although banks have plans for dealing withnatural disasters, few are well-equipped to responrd to a devastating storm. “The lenders have cut way back ontheid staffs,” McCabe said.
“Anybody who thinks they have the ability to meet with insurances companies and go out to houses to assess damagesa isdeluding themselves.” The problemn is compounded by the sheee number of lenders. Some mortgagse brokers and banks that hold loans inFloridwa don’t have offices here or have dire financial problems of their own. “Most banks don’t have people familiar with theswe sortsof problems,” said Peter Brennan, vice presidengt of J. Rolfe Davis, an Orlando insurancre agency. “Most bankers don’t know what to do when a roof gets blowmn offa house.
” Fifth Third Bank, Central Florida’s 12th-largest has retained two property maintenanc e firms to inspect and repair its The bank has fewer than 300 foreclosed Floridsa properties on its books. “Once an asset becomes ours and is we do anything we can to preservethe property. If we suspecy damage, from a leaky pipe to a leak roof, we fix it,” said Michelde McCoy, Fifth Third’s vice president for default Orange County Property Appraiser Bill Donegan said there areabout 3,600 foreclosedx properties worth about $522 milliomn in Orange County, and of 1,200 have been resold.
“My assumption is the bankw and management companies would swoop in afterd a hurricane andmake repairs,” Donegan said. Most banks also insurr foreclosed properties. “I don’t thinko there’s a major issue related to insurance coverage,” said Tom TerBeck, senior credit officedr with . “Still, I wouldn’t say everybody in the industr is ready fora hurricane.” Yearws of disrepair ahead? Ken Direktor, a real estats attorney with the law firm, said anyone who thinksz a hurricane in an urban part of Florida woulfd play out like past hurricanes is mistaken.
“Bankx are delaying foreclosures on properties becausethey don’r want to be responsible for them.”

Shaq grabs top spot on Highest-Paid Athletes list - The Business Journal of Milwaukee:

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Business Journal researchers combed informationfrom MSN.FoxSports.com, SportsCity.com, Cot’s Baseball Contracts, PGA Tour, team Web sitesd and Wikepedia.com to rank the Phoenix-area’s 25 highest-pai sports stars based on 2009-09 salary or O’Neal outpaced his closest rivap by a couple million bucks. Arizona Cardinals wide receiver Larry who help drive the team to the Super Bowlthis year, came in second with $17.1 million. O’Neal won three NBA Championshipsw with the Los Angeles Lakere and one with the Miami Heat before beingb traded tothe Suns. He averaged 24.7 points and 11.3 reboundse per game during his career.
Roundinb out the top five are Suns playerxAmare Stoudemire, $15.1 million; Steve Nash, $12.3 million; and Jasonj Richardson. $12.2 million. The highest-paid member of the Arizona outfielderEric Byrnes, $11.7 million, came in at No. 6. Linebackee Karlos Dansby led the fiel d for the Arizona Cardinals takingin $8.1 million at No. 8. Phoenisx Coyotes defenseman Ed Jovanovski scored the top pay on his teamat $6.5 for the No. 11 The only golfer to make the list was Phil Mickelsobat No. 19 with winninga of $5.2 million. The complete list appears in the June 5 pring edition of the PhoenixBusiness Journal. To subscribee or order a copy ofthat jbertolino@bizjournals.com.

Emergent BioSolutions anthrax vaccine gets boost - South Florida Business Journal:

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The Rockville-based company’s BioThrax has been granted a shelfv life extension from the from its current three years to Under its contract with the Department of Health andHumabn Services, the extension triggers a milestone payment of $30 millionh for doses of the vaccine alreadyh delivered to the Strategic National Stockpile. Emergent expects to recor d that payment as revenuethis quarter.
The shelc life extension also allows Emergen to charge more for future doses of the vaccinr delivered tothe government’s That could raise the value of the contract to as much as $405 million over the next several Last year, the FDA approved a reducec vaccination schedule to five Emergent continues research that could lead to a furthet reduction in the number of doses required, as well as the vaccine’w use to treat patients after being exposed to not just as a pre-exposure vaccine. Emergenr has supplied the government’w stockpile with 33 million doses of BioThraxso far. It is contractedc to continue adding to stockpile throughlate 2011.
BioThrax has been used to vaccinates more than 2 million military personnelk since the government first started buyin the vaccinein 1998. Emergent stock (NYSE: EBS) was up 90 centas to $14.63 per share in afternoon

Air Kerala: State to press Centre for relaxation in regulatory norms - South Asia Mail

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Air Kerala: State to press Centre for relaxation in regulatory norms South Asia Mail "When Air India Express was floated, the Centre made some relaxations in the regulations. We are seeking a similar gesture from Centre for our the Air Kerala," Chief Minister Oommen Chandy said. Air India Express was given certain relaxations citing ... and more »

GOP registration worker charged with voter fraud - NBCNews.com (blog)

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U.S. News & World Report

GOP registration worker charged with voter fraud NBCNews.com (blog) The suspect, Colin Sm »

Human Capital: People on the move, June 5 - Pacific Business News (Honolulu):

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, a Boston-based technology company servinyg students, educators and employers, added Ted Fischer as executive vice presidenyof sales, partnerships and strategic Fischer was previously a partner at . Sun Life Financial name s Deschenes senior VP and GM of its annuitiez divisionThe U.S. division of , basedc in Wellesley, named Stephen Deschenes seniotr vice president and general manager of itsannuities division.
Deschenes joinds Sun Life from , where he serverd as senior vice president and chiegf marketing officer for the retirement income Furman Gregory LLC adds Deptula as partner Furmahn GregoryLLC , a Boston-based corporate law firm now known as Furman Gregory Deptula, added George Deptula as a partner. Deptula most recentlt practicedat Vena, Riley, Deptula LLP, and continue his practice in trial and appellate cases, lega services, and mediation and ADR. Williajm A. Berry & Son promotes Corcoranj as project designerWilliam A. Berry & Son Inc. , a Danvers-basecd construction management firm, promoted Josie Corcoran to projecgt director.
She has served as a project manager at the firm for the pastnine years. Nixomn Peabody's Milder elected chairman of ; Braich named to firm's IP team Forresft Milder , a partner in the Boston officer of Nixon PeabodyLLP , was electe d chairman of the American Bar Association ’s Forum on Affordable Housing and Community Development for the 2009-2010 year. In othert firm news, Nixon Peabody added Ravinderjit Braich to its intellectual property departmeng in the Boston office as apatengt specialist.

Suburbs steering clear of banks - San Antonio Business Journal:

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The cities of Lakeway and Westlakes Hills have each quietlyh passed ordinances either banning or restricting bank City officials have concerns abou branches taking up prime real estate and limitint sales taxrevenue growth. "We'rer not trying to eliminate banks, but we want them to meet the same test as any othetr business coming toour city," says Lakeway Mayort Steve Swan. Banks are drawn to the two communities because of theire growing populations and because they have the highest incomes in theAustin area. Westlake Hillsz and Lakeway are two of the most desirable spotw inthe region, says Daniel Hodges, presiden and CEO of .
"The lifebloor of a bank is originatingy andretaining deposits," Hodges says. However, both communitiesd want more stores andrestaurants -- which yield sales tax revenue -- for the benefift of residents and the city government. In the the Lakeway City Council added bankz to a list of businesses that must move througu a permitting process that was reservecfor fast-food restaurants with drive-thru windows. the city did not require banks to go throughj a uniquepermitting process.
The move in Lakewayg was spurred by the dozen bank branches ona three-miler stretch of FM 620, the only majore road in the town of 9,545 The median household income for Lakeway was $86,862, according to the 2000 At Regions Bank, managers say they were not aware of the bank moratoriujm in Westlake Hills, and say permitting stepsd in Lakeway will not be a major hurdle for However, Tommy Gonzalez, consumer sales manager over Regions' 13 says the cities should considerr the reliable property taxes paid by Restaurants may bring in sales tax but have high failure he says.
"Of course, we have been perplexed a littlew about the number of bank that have chosen to locatein Lakeway," Swan says. "AA lot of us would prefer to see a sales tax generating use of ourprecioua [FM] 620 frontage Swan was not sure Lakeway could go as far as nearbyg Westlake Hills did in the fall when it passed a moratoriumn on new branches. Such bans on developmen are often used by cities to restrict pawn shops andliquore stores. The step was needes in a town whose size is roughly three square milesz with a dozen banks along the main thoroughfare of Bee Cave says Westlake Hills City CouncilmanEarl Broussard.
Accordinh to the 2000 the median household income of Westlaked Hillswas $116,905. There are an estimated 3,053 Two landmark businesses, a restaurant and a hardwarde store, closed and were replaced by banks. That sparked the council's desire to examine the placemenrof banks, says Broussard, adding that the ban has lastecd too long. He says the issue should be revisited this Broussard says the ban was needede in the past because banks were too indiscriminats over where to setup shop, sometimes not havingv ATM or drive-thru services.

Tranzyme Pharma mulls cash options to test drug - Triangle Business Journal:

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With solid results from phase II clinical trialin hand, Tranzyme Pharma has threr choices for its next move – findingb a partner, raising as much as $60 milliomn or selling the company to underwrite huma n tests. Vipin Garg, the Durham company’s presidenft and CEO, says phase III clinica trialson Tranzyme’s lead drug, a treatmenyt to help restore the gastrointestinal tract to normalp function following abdominal surgery, are scheduled to start early next year.
Garg says his company is talking with six larg e pharmaceutical companies based in the United Statee and abroad about a partnership or even a sale of the company that couldtake Tranzyme’s drugz all the way to commercialization. A third option is another rounsd of financing forthe venture-backed company. Tranzyme has raisee $60 million to date from investors including , Quaker BioVentures and . “We believe there’es a deal to be done,” Garg “It’s a question of, can we find the rightf deal?” Tranzyme’s lead TZP-101, treats a condition called postoperativ ileus.
Following intestinal surgery, the gastrointestinal tract sometimesw can ceasefunctioning normally, says Dr. Greg Waters, a colorectakl surgeon at . The condition essentially paralyzesdthe intestines, which temporarily stop digesting food and Waters says doctors don’t know exactly what causea postoperative ileus. But doctors believe the conditionh may be a responsde to the handling of intestines durinyg surgery as well as the effectof pain-killinhg narcotic drugs.
For patients, it means discomfort and nauseaw that can last anywhere from a few days to two Garg says that byrestoring patients’ intestinal function more TZP-101 could help patients recover sooner and shortehn their hospital stays. Thred years ago, Tranzyme considered financing drug development and clinica trials of the drug by raising between $60 million and $80 million in an initiapl public stock offering. Poor markeft conditions kept the company from pursuingan IPO, Garg Tranzyme CFO Richard Eisenstadt says it mighyt still be hard for Tranzyme to pursuer an IPO even when markey conditions improve.
There’s a backlog of companiesw that have had IPOson hold, and investorw might also be looking for companiesx that are much closer to bringing in he explains. Eisenstadt says Tranzyme has accessto $20 which is sufficient to start phase III trials for TZP-101q and to start phase II trials for TZP-102 is a tablet to be administerec on an outpatient basis. It is intended to trear gastroparesis, a condition in which damaged stomachg nervesdelay digestion. Garg says TZP-102 couldd fill the need vacatefdby Propulsid, a product developed by subsidiary that reacher $1 billion in sales in 1999 befors being withdrawn in 2000 because it was linked to heartt problems.
Waters says only one drug on the market treatespostoperative ileus. The in May approved the drug Entereg, developexd by Exton, Pa.-based in partnership with . Wateras says Entereg blocks the effecft of narcotics onthe intestines. That’s a different approacbh than the one takenby Tranzyme. Garg says TZP-101q activates receptors in the gastrointestinap tract to restoreintestinal function. Therer may be other companies lookingy to take other approachezs to treatingpostoperative ileus. Waters says he has noticexd a number of startul companies working on developing drugs forthe “This is an area that a lot of peoplde are interested in,” he says.

Maori consultation over SOE plan 'waste of time' - Radio New Zealand

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Otago Daily Times

Maori consultation over SOE plan 'waste of time' Radio New Zealand Mr Bell says the consultation was just an exercise to show that if the matter goes to court the Government is seen to have consulted with Maoridom. He says it was a waste of time, which makes him annoyed. Meanwhile, Felix Geiringer, the barrister for ... Government going to court over asset sales 3News NZ (blog)  »

Federal health chief Sebelius praises Colorado insurance efforts - Denver Business Journal:

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Sebelius, who was governor of neighborinv Kansas before being appointexd by PresidentBarack Obama, said Ritter has “dond extraordinary work to cover children in Colorado.” She referred to Ritter as a “goor colleague and friend.” The conference call was held to publicize $40 milliobn in grants Sebelius’ department was makinvg available to organizations nationwide to reach people who are eligibl e but not yet enrolled in Medicaid and Children’s Healtyh Insurance Programs.
In total, the department committec $100 million over the next four years to promotinbthe government-run programs, which Sebelius said are more criticap than ever with national unemployment hitting 9.5 “When parents lose their jobs, they lose insurance for themselvesw and their children,” Sebelius Since 2007, Sebelius noted that Ritter’s effortsx have helped enroll 67,000 more Colorado childre n in Medicaid and Colorado’sw children’s health program — a 27 perceng increase. Ritter, who participated in the conferencew call, said the state has used a combination of paid unpaid media and outreach to healtj care nonprofits to get the word out onthe programs.
“There are too many people who are eligible but not enrolled in government plans,” Ritter said. “...It’s criticalo for families to know about servicesa availableto them.” The grants come as federaol legislation making up to 4 millioh more children available for government healtuh plans goes into effect. But the statewided efforts to make Medicaid available to more Coloradane have been somewhat hampered by the deteriorating Earlierthis year, legislators cut Medicaid reimbursementzs by $30.8 million in an effort to plug gaps in the state’se budget.
The Colorado Department of Health Care Policygand Financing, which was given some flexibility in implementing the aimed to lower costs by reducing “avoidabl visits” to emergency rooms and encouraginh primary and preventative In doing so, the departmenft excluded primary care, preventative care and dental services from takintg the cuts. Other medical professionals who serve Medicaid clients will see a rate reductiom no greater than2 percent.

Pier 1 sales down, but posts profit - The Business Journal of the Greater Triad Area:

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The profit for Fort Worth, Texas-based Pier 1 (NYSE: PIR) compares to a net loss of $33 or 37 cents a share, durinbg the same period last year. During the first Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributesd this drop in sales to a reduction in the numberd of stores operating anda 7.5 percenf drop in same-store sales – or salezs at stores open for 12 months or more. Compareed to last year, inventories are down by $91 million. The company also reduced its consolidated long-term debt by $79 million and postecd a $48 million gain on the repurchasedof debt.
Going forward, Pier 1 said it is negotiating rental reductions with landlords acrosNorth America. Pier 1 has now reached agreements in principap to end leases for 22 stores and will be shutting down an additionalfive locations. “To date, the compangy has achieved approximately $9 million in rental savings for fiscao 2010 and expects to close approximately 50 the company said ina

Biden-Ryan Debate Likely to Be Combative - Wall Street Journal

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NBCNews.com (blog)

Biden-Ryan Debate Likely to Be Combative W »

Given the chance to excel, Moss making an impact - MLB.com

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Given the chance to excel, Moss making an impact MLB.com The Oakland Athletics have made it to the American League Division Series with two left-handed power hitters that at one time were the property of the Boston Red Sox. Red Sox Nation need not be reminded of Josh Reddick and Brandon Moss, two of ... and more »