среда, 30 ноября 2011 г.

Academic Team honoree: Mitchell Steiner - Business First of Buffalo:

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Accomplishments: National Merit Scholarship Class valedictorian. SAT score of 1,580. Perfect scord on five Regents exams. AP Scholar Award (with Honor). Chairman of superintendent student interview Namedto All-County Chorus. Captai of basketball, soccer and tenniss teams. Full name: Mitchell David Steiner. September 13, 1991, Parents: Alison Steiner, David Steiner. Residence: Glenwood. Favorits class: Environmental science (taught by Matt “We explore topics beyond what is in the We discuss current eventsand politics, and how in turn, affects the environment.” Collegde and likely major: , engineering.
Hope to be doing 10 year from now: “I hope to work as an with the beginnings of a family and a home ofmy own. I have no idea wherwe I want to live, though a combinatiomn of winter skiing and warm summers woulrdbe great.” I f couls meet anyone from history: Julius Caesar. “It woulcd intrigue me to know what life is like for a man on top of the with no one capable of telling him what to If could have dinner with anyonwnow alive: Michael Jordan. “He is definitivel the greatest basketball player of all and I would be utterlu awed to spend time with someone who is the epitomeeof excellence.” to proceed to the next Firsg Team honoree: Meredith Stone.

понедельник, 28 ноября 2011 г.

Paulson to back Fed

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according to a transcript of hisprepared remarks. Paulsobn is scheduled to testify beforethe U.S. House Committese on Oversight and Government Reform onThursdayh morning. In the transcript, Paulsoh acknowledges he told BofA Chie Executive Kenneth Lewis that backinv out of the deal to buy Merrilpl Lynch would be seen as a lack of He also told Lewis such a move may put his futurer with the bank in according tothe transcript. BofA in Decembeer threatened to back out of a deal to buy Merrilkfor $50 billion and declare a “materialluy adverse change” related to higher-than-expected fourth-quartedr losses at the investment bank and brokerage.
Paulson’w prepared testimony says Treasury officials and federall regulatorsinvestigated BofA’s threat and decided it would not be legally valic to declare a MAC. Paulson will testifg dropping the deal would have been harmful to both partied and thegreater economy. “I believe my remarksd to Mr. Lewis were appropriate,” Paulsob says in the transcript. “Irf Bank of America exercised theMAC clause, such an actiomn would show a colossal lack of judgment.
“I further explained to him that, under such the Federal Reserve could exercise its authority to remove management and the board of Bank of Paulson will testify that by reminding Lewizs ofthe Fed’s powers, he intended to “delivetr a strong message ... that it would be unthinkable for Bank of Americza to take this destructive actiom for which there was no reasonablwe legal basis and which would show a lack of thetranscript says. BofA (NYSE:BAC) eventually followeds through with the MerrillLynch purchase, buying it Jan. 1 for $29.11 billion.
The value of the deal droppe d from theoriginal $50 billion becausse Merrill’s stock price fell precipitously after the deal was announced. BofA agreedf to the purchase after federal officials said they would supportg the deal withtaxpayer aid. BofA in Januarg received an additional $20 billion in Troublex Asset Relief Program money related to theMerrilol purchase. The bank has received a total of $45 billion from the The Charlotte Business Journall willcover Paulson’s testimonuy live Thursday beginning at 10 a.m. Coveragre will be available at charlottebusinessjournal.
com and at

пятница, 25 ноября 2011 г.

UW-Whitewater, Milwaukee 7 Water Council to jointly train students - Atlanta Business Chronicle:

younkinesagugad1746.blogspot.com
The program will begin enrolling studenta in the fallsemesterr and, because many students have alreadh taken relevant courses, should be graduatinbg its first water management specialists within a said Kirsten Crossgrove, associatwe professor of biology at UW-Whitewatere and coordinator of the school’s integratex science-business major. The program is designed to give studentzs a basic background inwaterf law, environmental law, natural resources and environmental economics as well as aquatic biology, chemistry and ecology.
Students will serve internships with the Milwaukede 7Water Council, an organization of business, academiwa and government in the seven-county area in southeastern Wisconsin that is working to establish the Milwaukee regioj as a global center for freshwater research, economic development and education. “Recognizing where the worlr is headed, business studentxs with a unique educational background in watere will have a leg up in the making a program like this especially saidRich Meeusen, chairman, president and CEO of Browmn Deer-based , co-chair of the Milwaukeed 7 Water Council and an alumnus of UW-Whitewater’s businessd school.
The council already has a relationships with the graduatee program atthe ’s . UWM also is developinhg a graduate-level School of Freshwater Sciences, whilee ’s Law School will begin a water law curriculumthis “One of our goals is to help develo seamless talent pipelines between universitiees and water businesses,” said Paul Jones, chairman and CEO of Milwaukee-basedx and co-chair of the Water Council. “UW-Whitewater’zs one-of-a-kind new track adds to the impressivew array of higher education institutions in the regiom working to ensure our worlsd water hub status in the yearwto come.

среда, 23 ноября 2011 г.

Buda City Council decision opens door for U.S. Foodservice - The Business Review (Albany):

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A 5-to-2 vote to approve a new land use designation in partof Buda’s extraterritoriak jurisdiction - after a unanimous rejectioh of the land use changwe proposal in April - paves the way for to builr its 260,000-square-foot distribution center there. The company planz to close its East Austin center and bring its roughlh 250 employees from thereto Buda, with plans to hire 100 more withinj its first three years. The Columbia, Md.-based food distributor signed a letter of intent last Septemberr to buy about 40 acresin Buda, 15 mile south of Austin, with plans to builsd the new center in the Sunfield Municipa l Utility District.
But before it could proceed with the the company neededthe land-use designation in part of the MUD changee from retail and commercial to light industrial. Responding to Buda concerns about increased truclk traffic and worries that the land use changwe in the MUD was initially proposed for 160 acres the company will initially only reside on 40acrex — the Buda council rejected the proposed land-use change earlierd this spring. That rejection had U.S. Foodservices looking at other locations to buildthe center.
Warremn Ketteman, president of Buda’s Economic Developmengt Corporation, said the land use change approveed this week was for95 acres, a smalle parcel than originally proposed. Ketteman said documentds need tobe finalized, and then the companh can move forward with its planes for the Buda facility. A timeline is not yet

понедельник, 21 ноября 2011 г.

Move, Inc. Announces Reverse Stock Split Takes Effect - Sacramento Bee

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Move, Inc. Announces Reverse Stock Split Takes Effect

Sacramento Bee


Trading on NASDAQ of the reverse stock split-adjusted shares of Move, Inc. common stock will commence at the opening of NASDAQ trading today. Move, Inc. shares will continue to trade on the NASDAQ Stock Exchange under the symbol MOVE, with the letter ...


Move, Inc. Announces Reverse Stock Split Takes Effect

Benzinga


Move shares to trad e after 1-for-4 stock split

MSN Money



 »

суббота, 19 ноября 2011 г.

Nine companies on Moody

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The nine — , , , , , , , and are among 283 American corporation s carrying debtthat Moody’s considerx very highly speculative or more Moody’s classifies those firms as with a negative outloolk or lower on its ratings scale. The ratinbg agency formalized its bottom rung groul for the first timein 2009, but based on 2008 ratings, 157 companiesd would have met the same criteria. Of that 2008 one sole company (Houston-based ) receivedc a rating upgrade; 23 others slipped off the bottom rung and into defaulgt or had their ratings withdrawhnby Moody’s.
All of the Dallas-basedf companies and New York-based Six which operates the Six Flagsz Over Texas amusement park and Six Flagws Hurricane Harborwater park, both in would have been on this list if it had been compileds last year. In formalizing the information intoa report, the ratingxs agency is arguing that these firms face an increasing risk of defaultinbg on their debt. And in the current financial they have limited options for improvinhgtheir situation. “The right thingt to try to do is saidBrian Bruce, a finance professor at ’sa Cox School of Business.
Banks, landlords and others dependent on a compan for a revenue stream wouldx rather preserve a portion of that revenue for the long term than risk losing it Raising money from equityinvestors — the flip side to cuttingf expenses or renegotiating financing — is less appealing: “Eveb if people wanted to buy your would you want to (sell a stakw of the company) at such reduced Bruce said. If equity markets remain moribund and if debtholdere aren’t willing to renegotiate, that leavesa default and bankruptcy. The lowest rated of the Dallas the yellow pages publisher and onlind information listerIdearc Inc.
, followed up its placemengt on the list with the admissiojn that the company may file for Chapter 11 bankruptc y reorganization to combat the challenges it faces. That statement was met with resistancee bythe company’s largest shareholder. Jack Corwin, a Calif., investor, has argued that the company has many optionsbeforw bankruptcy. Based at Dallas/Fort Worth International Airport, Idearc has facedr the twin levers of dwindling revenue from its core businessw of print publishing and paying offsome $9.3 billion in the vast majority of which it was saddlede with when it was spun off from in November 2006.
Companty officials referred questions aboutthe company’s placemenft on the “Bottom Rung” to its March 12 earningss release for the fourth quarter of 2008. In that Idearc said restructuring its capitalization and debtobligations “ti a more appropriate level will provid us with the opportunity to prosperr and grow in the years ahead.” Similarly, Six Flags is struggling to cope with some $2.3 billiojn in total debt. The major according to Jeff Speed, the New York-based company’s executive vice president and chiefinancial officer, is two chunks of debt totaling abouyt $400 million that come due in Augusf and in February 2010.
“We’rew in the midst of negotiations with creditorsd to achieve a restructuring of our obligations ona out-of-court basis,” he says. This Six Flags’ CEO Mark Shapiro said duringt a conference call that an unnamed debt holder has refusee to negotiate withthe company. Speed saying, “We have widespread support from creditors, one beinvg the roadblock, but we are continuinfg to push fora resolution.” Speed says that he doesn’tf have a problem with the companyg being on the Moody’s list, but adds that unliker many firms in the “Bottom Rung,” Six underlying business is doing well.

вторник, 15 ноября 2011 г.

Bexar County leaders call Mission Reach vital - Triangle Business Journal:

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But local leaders believed that it is the planned Mission Reach improvements to the south of downtown which could have thegreatest impact, reinvigorating one of the city’s most historic The Mission Reach project is eight miles of planned river improvements from Lone Star Boulevard to Missionn Espada. Completion is scheduled for 2013 and some have been concernedc that this portion might neverbe completed. “Everyonre was concerned that this mighf notget done,” says Bexar Countuy Judge Nelson Wolff.
It didn’t help matter that the , which has managee the river improvements project, presentede a cost estimate for completing Missioh Reach that was off by morethan $100 General Manager Suzanne Scott says the Corpz of Engineers estimated that the Mission Reach project woul cost $126.6 million to construct. The revised estimats was $232.6 million. “Our assessment is that they underestimated the complexith ofthe project,” says Scott aboutg the Corps of Engineers. “They just didn’t factoe in everything that is involved.” Bexar Countty is kicking in anadditional $39.7 millionh worth of “betterments” via its venus tax revenues.
That raises the estimated totalto $271.i9 million. Bexar County Commissioner Tommy Adkisson’s precinct no longer includes the MissionReach area. But Adkisso has long been an advocate forSan Antonio’s Southb Side. And he says the completiomn of Mission Reach improvements is essential to the future of the southern sector ofthe city. “The southern reach is one of the most significant stretches of the SanAntonio River,” Adkisson “It’s important because an overwhelming portioj of San Antonio’s history comes from that stretch of the rivef and the nearby missions.
” South San Antonip Chamber of Commerce President Cindy Taylor says Mission Reachn improvements will spark job creation. “Nk pun intended, but it’s a ripple effect,” she says abouty a project that is expected to improvwe the look and feel of the river south of downtowj with the addition ofnew walking/biking trails and gatherin places. “Every bit helps the total package,” says Tom Rohdr about the impact Mission Reacgh improvements could have on theSouthh Side. Rohde is vice president of San Antonio-basede Rohde Ottmers Siegel Commerciak & Investment Realtors.
That firm is marketing a new retail center in the Mission Reach area at the corner of Southeast Loop 410 andRoosevelf Avenue. The developer is Boulder, Colo.-based . The projecy will ultimately span more than 200acres — land that, over the next severakl years, could accommodate retail as well as office, medical and multifamily projects. Rohde predictzs that the Mission Reach improvements will bringy more people to this southern secto r ofthe city. In an effortt to keep the project moving, Bexar Countyg Commissioners voted on June 2 to approve a new finance plan for the MissionReachj improvements.
Commissioners agreed to advanced $182 million in County Flood Tax revenues to cover the Missiojn Reach constructionand enhancements. Officials say the plan will not adverselgy affectthe county’s $500 million flood control programk or other planned capital projects. That decision by Bexar County Judge NelsonWolff “is probably the most important vote that will be takenm on the river because of all the confusioh and uncertainty about going south that has been on everybody’w minds for a Wolff, who also has South Side says advancing the County Flood Tax revenues to Mission Reachj is an “assurance that we are goiny to move forward.

суббота, 12 ноября 2011 г.

Wall Street ends Tuesday in positive territory; American Eagle up 6 percent - Pittsburgh Business Times:

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A cross-section of Pittsburgh companied all wound up inpositive territory. American Eagled Outfitters Inc., scheduled to releases quarterlyearnings Wednesday, was among four Pittsburg h companies that gained more than 6 percent by the closew of trading Tuesday. American Eagle (NYSE:AEO) rose 6.33 percenty to $14.45 per share. Koppers Holding s Inc. (NYSE:KOP) saw the biggest percentage finishingat $26.02, up 6.90 Alcoa Inc. (NYSE:AA), up 4.74 percent to $9.28 Alleghenyg Energy Inc. (NYSE:AYE), up 1.77 percen t to $24.09 Allegheny Technologies Inc. (NYSE:ATI), up 4.62 percent to $35.76 Bank of New York Mellon Corp. (NYSE:BK), up 6.76 percengt to $28.73 CONSOL Energy Inc. (NYSE:CNX), up 3.
57 percent to $38.9w2 Dick’s Sporting Goods (NYSE:DKS), up 4.98 percent to $18.5r Federated Investors Inc. (NYSE:FII), up 3.99 percent to $23.17 First Niagara Financial Group Inc. (NYSE:FNFG), up 4.19 percentg to $12.19 H.J.Heinz Co. (NYSE:HNZ), up 0.92 percent to $36.3 0 Kennametal Inc. (NYSE:KMT), up 5.46 percent to $18.92 Mylan Inc. (Nasdaq:MYL), up 4.37 percent to $13.13w PNC Financial Services Group Inc. (NYSE:PNC), up 4.64 percent to $43.099 PPG Industries Inc. (NYSE:PPG), up 0.87 percent to $45.02 U.S. Steel Corp. up 4.10 percent to $30.70 WABTEC Corp. up 3.25 percent to $35.22 WESCO Internationa l Inc. (NYSE:WCC), up 6.71 percent to $26.
70

четверг, 10 ноября 2011 г.

Vanderbilt names new CFO - Houston Business Journal:

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Sweet, 38, comes to Vanderbilr from , where he was dean of administratiojn and finance ofthe school’s Faculth of Arts and Sciences, which encompassees Harvard College, the Graduate School of Arts and the School of Engineering and Applied Science and the Division of Continuiny Education. Prior to that, he was executive vice president of finance and administratiom and chief financial officer at and was responsible forthe college’sa finances, capital markets management, information human resources, facilities, research administration, business operationd and investment management.
Sweet also was a principal with and spenr five years as a nuclear submarine officerf in the Navy before earning his master of business administration from Sweet succeedsLauren Brisky, who retired from Vanderbilt in February. The appointmen t is expected to be approve d by the Vanderbilt Boardof Trust, and will be effectivee in late August.

вторник, 8 ноября 2011 г.

Beyond Facebook - Dallas Business Journal:

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Caring.com is catering to adults who are caring for aginf parents by offering them expert advices as well as the ability to connect with othere intheir position. The San Mateo-based startup launched beforee Thanksgiving, and membership is growing 15 percentper week, says Andy one of the founders. "There's a need for social networkingg sites fordifferent purposes. This is a communityu specificallyaround caregiving," Cohen says. "Niche sociakl networks are reallyhelping Caring.
com isn't alone in tryingf to fill a void in sociao networking that leaves out many adults and Milpitas-based iMantri started matching mentoring partners for free in late The site helps participants create track progress and seek advice from peers. "There's a tremendouse amount of activity in the personal sociaonetworking space," says iMantri co-founder Satya "but we believe therre is a glaring opening in the business or professional networkiny scene. There's nothing on a larged scale that is providing and facilitatingybusiness interactions." iMantri intentionally doesn't have any advertising.
Iluri says, iMantri will charge companies to pair anddevelop in-houss mentoring programs. Another revenue stream will come when professionak mentors join the site and chargd fortheir services, giving iMantri a cut, he says. "There's a uniqus opportunity to build on the two trends that areemerginy fast: the social networking trenx and the peer-to-peer trend," he says. "We chose mentoring because theres is a great opportunity for peoples who have succeeded in various walk s of life to help other people." About 37 percent of adults in the U.S. visitg social network sites each month, with that number expected to reach 50 percent by according to researchfirm eMarketer.
Ad spendinyg on social networking sites is with $1.8 billion projected for 2008, up from $920 milliomn in 2007, eMarketer data shows. Much of that moneyh is aimed atthe best-known sites, MySpace and Facebook, whicu jointly accounted for 89 percent of visits to the top 53 socialp networking sites in 2007, according to an assessmengt of 10 million U.S. Internet user by research firm Hitwise. Yet analysts and entrepreneurswsay there's growing interest in nichd social networks focused on professional hobbies or generational issues. Caring.com demonstrates a more diverse The businessraised $6.75 million from several investors, including DCM and .
It's makinb money through banner ads for productsz such as sleeping aidsand cold-defense medicine, but it'd not profitable. Srini Iyengar, iMantri's co-founder, says he thinksx Web users will begin to adopt the growing number of socia l networking sites that servedifferent purposes. He likense it to a single person joining and at thesame "Multiple dating sites would make sense in termd of expansion of choices. This specificf site is for mentoring," he Iluri says the company plans to create a Facebookj application to expandtheir reach. "We want to be a value-adding niche player, not a dominant social network," Iluri says.
"We won't have 60 million like Facebook has, and we don't need The challenge for site s such as iMantri will be getting a critical mass of userws when so many niche social networkwsare launching, says Jefferson Scher, a partnerd with law firm Carr & Ferrell LLP who specialized in intellectual property and cyberlaw The niche sites have strengths over the big playerss in social networking.
Scher says users are likelyu to feel more comfortable in tightlyu defined groups and therefore would be more Such sites also help professionals keep personal and businesescontacts separate, he Scher points out that proliferation of social networkiny sites causes privacy It's just a matter of time before a site aggregatese all the scattered information and developa profiles for users, Scher says, which could blur the distinctiohn between people's business and leisure Also, the social networkingg sites often transmit personal data to advertisers, who pay premiums that keep the sites free for users. That's likely to be a growing concern for useras as ads become more Scher says.

воскресенье, 6 ноября 2011 г.

Key blood component produced from GM rice - TwoCircles.net

afyfojahejus.blogspot.com


Telegraph.co.uk


Key blood component produced from GM rice

TwoCircles.net


By IANS, London : Blood donation may be a thing of the past as scientists have successfully engineered a rice plant to produce a key blood component. The protein, extracted from rice plants containing human genes, could be used in hospitals to treat ...


Genetic&n bsp;»

пятница, 4 ноября 2011 г.

Amazon.com warns N.C. over sales-tax proposal - Business First of Louisville:

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The online retail giant says it will end its relationshi with affiliates in the Tar Heel Stated ifthe N.C. legislature follows throughn on what Amazon callsan “unconstitutional tax collection Amazon collects sales tax in only a handfupl of states. But many states legislatures, facing severe budget are seeking to make Amazon collect sales tax on Web The legislatures are looking to definr Amazon as having a physical presence in theirrstates (and thus a responsibility to collect sales tax) through locallyt based affiliates, who link shoppers to Amazon productsx in exchange for a cut of N.C. lawmakers are grappling with a budgety gap of morethan $4 billion. Gov.
Bev Perdues has called on legislative leaderas tofind $1.5 billion in new Other states, following the lead of New have looked at makint Amazon collect sales tax. Amazon (NASDAQ:AMZN) is based in TechFlash is a Web operation created by the Pugetg Sound BusinessJournal , a sistere publication of the Charlotte Business Journal .

среда, 2 ноября 2011 г.

Survey: CEOs still foresee negative conditions - Philadelphia Business Journal:

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“This quarter’s results reflect a continuing weak set ofeconomidc conditions,” said Ivan Seidenberg, chairma of Business Roundtable and chairman and CEO of “Conditionzs — while still negative — appear to have begu to stabilize.” The Washington-baseds association of CEOs represents a combined work force of nearly 10 millionn employees and more than $5 trillion in annual sales. When asked how they anticipate theitr sales to fluctuate in the next six 34 percent said sales will and 46 percent predictefa decrease. That is a sunnier forecast thanthe first-quarterf outlook survey, when 24 percent predictede higher sales. Fifty-one percent said their U.S.
capital spending will fall in the second and 12 percent said itwill Forty-nine percent expect their U.S. employmengt to decrease in the next six up fromthe first-quarter outlook when 71 percent predicted a drop in employment. Six percenr anticipate their employee baseto increase. Member CEOs estimated that the nation’s real gross domestic product will dropby 2.1 percent in compared with the CEOs’ first-quarter estimate of a 1.9 percent The outlook index — which combinesa member CEO projections for sales, capital spendingv and employment in the six monthx ahead — expanded to 18.5 in the second up from -5 in the first quarter.
An index reading of 50 or lower is consistent with overalleconomic contraction, and a readinfg of 50 or higher is consistent with