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San Mateo-based Bayhill's BHT-3021 is a DNA-based antigenn specific immunotherapy currently in clinical trials for patients with type 1 Under the terms of the SouthSan Francisco-based Genentech will make an upfront payment of $25 million in cash and with additional development, regulatory and sales milestone payments potentially exceedinvg $325 million. Bayhill will also receive competitives escalating royalties on annual net Bayhill will be responsible for completingthe trial, while Genentech will be responsiblwe for all future research, development, manufacturintg and commercialization efforts.
Genentech will reimburse Bayhill the remaining costss of the trial and will fund all future Under the terms of the Bayhill retains rightsto opt-in on futurre development as well as an option to co-promot e in North America. Bayhill Therapeuticsz is a clinical-stage biopharmaceutical company focused onautoimmunew diseases. Genentech is a wholly-owned memberd of the Roche Group.
воскресенье, 30 сентября 2012 г.
пятница, 28 сентября 2012 г.
Record entries for Wisconsin business plan contest - The Business Journal of Milwaukee:
lebexab.wordpress.com
Entries received by Jan. 31 were sprea d over four contest categories aimed atcapturing Wisconsin’s best technology-based advanced manufacturing (102), business services (95), informationj technology (77) and life sciencesx (52), the said. The previous high for entriews of 300 camein 2004, the contest’s firs year. This year, entries were receivec from 287 individuals in 106different cities, villagexs and towns.
“The increase in the numbe of entries from 245 a year ago to 326 this year demonstratezthat Wisconsin’s entrepreneurial climate continues to even during tough economic Tech Council chairman Mark Bugher A number of entries also came from out-of-state residents who indicatec they would like to relocate to which was a condition for enteringy the contest. “Entrepreneurs live everywherrein Wisconsin, and they are building businesses where they said Bugher, who also is director of University Researcy Park in Madison. “Ou r goal at the Tech Council is to help them bring theid ideas tothe marketplace.
” The entriex will be scored by 65 including 10 private equity investords from the Midwest. More than $175,000 in cash and in-kinc prizes have been pledged for the 2009 contestso far. Firsft prize in the statewide contestf will beworth $50,000 in cash and services. Winnerz will be announced at the 2009Wisconsin Entrepreneurs’ Conference in Milwaukese on June 9-10.
Entries received by Jan. 31 were sprea d over four contest categories aimed atcapturing Wisconsin’s best technology-based advanced manufacturing (102), business services (95), informationj technology (77) and life sciencesx (52), the said. The previous high for entriews of 300 camein 2004, the contest’s firs year. This year, entries were receivec from 287 individuals in 106different cities, villagexs and towns.
“The increase in the numbe of entries from 245 a year ago to 326 this year demonstratezthat Wisconsin’s entrepreneurial climate continues to even during tough economic Tech Council chairman Mark Bugher A number of entries also came from out-of-state residents who indicatec they would like to relocate to which was a condition for enteringy the contest. “Entrepreneurs live everywherrein Wisconsin, and they are building businesses where they said Bugher, who also is director of University Researcy Park in Madison. “Ou r goal at the Tech Council is to help them bring theid ideas tothe marketplace.
” The entriex will be scored by 65 including 10 private equity investords from the Midwest. More than $175,000 in cash and in-kinc prizes have been pledged for the 2009 contestso far. Firsft prize in the statewide contestf will beworth $50,000 in cash and services. Winnerz will be announced at the 2009Wisconsin Entrepreneurs’ Conference in Milwaukese on June 9-10.
четверг, 27 сентября 2012 г.
Census: American Internet use surges - Memphis Business Journal:
judonebolayb1394.blogspot.com
That's according to a reporr released Wednesday bythe , which also showse that 62 percent of the nation'sd households report using the Internet at home in an 18 percent increase from 1997. Among householdx using the netin 2007, 82 perceng reported using a high-speed connection, and 17 percent used a dial-u p connection. “As access to high speedd connections have becomemore prevalent, so too have the numbere of people that connect to the Internet at said Thom File, a statistician with the Censusx Bureau Housing and Household Economic Statistics Division.
“Thesd data give us a betterr understanding of who is using the Internet and from About 66 percent of Georgians used the Internertin 2007. New Hampshire had the highest rate of Interney use for those age thres and older in 2007 at82 percent. Mississippi and West Virginiaa had the lowest rates of use at about 52 Internet usage also varied by education and For individuals 25 and older witha bachelor’s 87 percent reported going onlines from some location in 2007. About half (49 of those with only a high schookl diploma reported usingthe Internet, compared with 19 percent for thos without a high school Meanwhile, 69 percent of whites lived in households with Interner use.
The same was true for 51 percenytof blacks, 73 percent of Asians and 48 percent of
That's according to a reporr released Wednesday bythe , which also showse that 62 percent of the nation'sd households report using the Internet at home in an 18 percent increase from 1997. Among householdx using the netin 2007, 82 perceng reported using a high-speed connection, and 17 percent used a dial-u p connection. “As access to high speedd connections have becomemore prevalent, so too have the numbere of people that connect to the Internet at said Thom File, a statistician with the Censusx Bureau Housing and Household Economic Statistics Division.
“Thesd data give us a betterr understanding of who is using the Internet and from About 66 percent of Georgians used the Internertin 2007. New Hampshire had the highest rate of Interney use for those age thres and older in 2007 at82 percent. Mississippi and West Virginiaa had the lowest rates of use at about 52 Internet usage also varied by education and For individuals 25 and older witha bachelor’s 87 percent reported going onlines from some location in 2007. About half (49 of those with only a high schookl diploma reported usingthe Internet, compared with 19 percent for thos without a high school Meanwhile, 69 percent of whites lived in households with Interner use.
The same was true for 51 percenytof blacks, 73 percent of Asians and 48 percent of
среда, 26 сентября 2012 г.
Gannett may make more staff cuts at newspapers, salary cuts at television stations - Pittsburgh Business Times:
ogarawo.wordpress.com
A report by the Gannett Blog on Frida y references a memo from Gannett CFO Gracia Martorw thatprojects 4,500 newspaper layoffs throughouty the Gannett chain in July as well as a 10 percent pay cut for its broadcast employees. The Gannett Blog reportf also says Gannett workers will not face any more furloughs this The Arizona Republic is the largest metropolitanm daily inthe McLean, Va.-based Gannett The Republic has already suffered through layoffs and furloughes as the newspaper industry struggles with poor advertisinh numbers and online competition.
Gannett GCI) announced Monday that chairman, president and CEO Craitg Dubow will be on a temporary medical leave of absencw followingback surgery. Martore is taking over as interikchief executive. Gannett has 41,000 employees company wide including at dailt newspapersin Phoenix; Palm Springs, Calif.; Honolulu; Ohio; and Des Moines, Iowa. The media conglomerate also owns TV stationsin Phoenix, Washington D.C., Tampa and Jacksonville, Fla., and Minneapolis. Gannetrt officials did not respond late Friday for a requesyt for comment on the GannetrBlog report, which said the cuts wouldf come July 8.
A report by the Gannett Blog on Frida y references a memo from Gannett CFO Gracia Martorw thatprojects 4,500 newspaper layoffs throughouty the Gannett chain in July as well as a 10 percent pay cut for its broadcast employees. The Gannett Blog reportf also says Gannett workers will not face any more furloughs this The Arizona Republic is the largest metropolitanm daily inthe McLean, Va.-based Gannett The Republic has already suffered through layoffs and furloughes as the newspaper industry struggles with poor advertisinh numbers and online competition.
Gannett GCI) announced Monday that chairman, president and CEO Craitg Dubow will be on a temporary medical leave of absencw followingback surgery. Martore is taking over as interikchief executive. Gannett has 41,000 employees company wide including at dailt newspapersin Phoenix; Palm Springs, Calif.; Honolulu; Ohio; and Des Moines, Iowa. The media conglomerate also owns TV stationsin Phoenix, Washington D.C., Tampa and Jacksonville, Fla., and Minneapolis. Gannetrt officials did not respond late Friday for a requesyt for comment on the GannetrBlog report, which said the cuts wouldf come July 8.
понедельник, 24 сентября 2012 г.
Coast Guard renews lease in Buzzard Point - Washington Business Journal:
gault-rickettsias.blogspot.com
As 2008 closed out, the Coast Guarfd agreed to a 10-year renewal on its 592,00p square feet at the Transpoint Building, locatede on the Southwest waterfront at 21002nd St. SW. The deal representws one of the largest if not thelargest — leasea of 2008. The Coast Guard’s presencr at the Transpoint Building spansd back to theNixon administration, back when the original Laszlo Tauber, owned the building. New York-based Mondahy Properties, in conjunction with , boughr the building for $169 million in 2006 from Arch StreetrCapital Advisors, a -led consortium.
Since the and the Bush administration have been seekin g funding to consolidate dozens of Homeland Securitu agencies onto asingle 176-acre site at the federall y owned west campus of the old St. Elizabethx Hospital, in the Anacostia section of Southeast Washington. The Coas Guard headquarters were part ofthat "We just have to keep them in some quartersz until the campus is ready to receive said Michael McGill, a regional spokesman for the , whicb handles leasing for most federal agencies. McGill said he expect Coast Guard to go intoSt E's in late 2013 or earlh 2014. "We've got a little play in therwe in case there are any he said.
In 2007, the administration sought $345 million to go ahead with the Coasgt Guard headquarters portion ofthe plan, but that requestg was cut from the fisca year 2008 budget. According to Congressionaol budget documents, in September Congress allocated $97.6 million for a new Coasft Guard and Department of HomelandSecurity “This is really a sign of how complezx the St. Elizabeths development or consolidation has Monday Properties’ Executive Vice President Tim Helmigg said of the Coasft Guard’s decision to renew its lease for the long “And, in light of that, the Coas t Guard needed to secure its headquarters for a periode of time that lined up with potentially consolidating DHS’ headquarters at St.
Helmig said. The lease agreemen t gives the Coast Guard the right to terminatre the lease afterseven years, but only in the even of a major consolidation like the St. Elizabethds scenario, Helmig said. The length lease term should allow the Coasg Guard to perform needed renovations and security upgradesz onthe 35-year-old building. The deal is the largest leas ethe 10-year-old Monday Properties has ever executed, Helmiv said, calling the transaction “a landmark moment” for the company.
Despitde its New York headquarters, Monday Propertiees is a key player in the Washingtonm realestate market, and serves as landlord to dozenas of federal agencies at its local the majority of which are located in Defense-centric Rosslyn. “Thia deal furthermore underscores our commitment to our relationshio with numerous groups withinthe , particularly as we participater in the evolution of the Capital Riverfront.” The Capital Riverfronrt is the formal name for the mixed-use neighborhood beingh built around the Washington Nationals’ basebalkl stadium.
James Smale of the GSA, along with Bill Craig, Susajn Hill and Maureen O’Brienb of represented the Coast Guard in thelease renewal. Pete Marcin and Brian Sullivan of representedthe building’d owner, along with John Wharton and Tim Helmib of Monday Properties. In additioj to the Coast Guard Monday re-signed and expanded leases with many of its tenantws in 2008. Overall, Monday signed leases on approximatelyt 30 percent of its4 million-square-foot regional portfolio last Like most lease transactions in the Washingtonm region last year, the bulk of Monday’s leases were renewals, the companyt said.
As 2008 closed out, the Coast Guarfd agreed to a 10-year renewal on its 592,00p square feet at the Transpoint Building, locatede on the Southwest waterfront at 21002nd St. SW. The deal representws one of the largest if not thelargest — leasea of 2008. The Coast Guard’s presencr at the Transpoint Building spansd back to theNixon administration, back when the original Laszlo Tauber, owned the building. New York-based Mondahy Properties, in conjunction with , boughr the building for $169 million in 2006 from Arch StreetrCapital Advisors, a -led consortium.
Since the and the Bush administration have been seekin g funding to consolidate dozens of Homeland Securitu agencies onto asingle 176-acre site at the federall y owned west campus of the old St. Elizabethx Hospital, in the Anacostia section of Southeast Washington. The Coas Guard headquarters were part ofthat "We just have to keep them in some quartersz until the campus is ready to receive said Michael McGill, a regional spokesman for the , whicb handles leasing for most federal agencies. McGill said he expect Coast Guard to go intoSt E's in late 2013 or earlh 2014. "We've got a little play in therwe in case there are any he said.
In 2007, the administration sought $345 million to go ahead with the Coasgt Guard headquarters portion ofthe plan, but that requestg was cut from the fisca year 2008 budget. According to Congressionaol budget documents, in September Congress allocated $97.6 million for a new Coasft Guard and Department of HomelandSecurity “This is really a sign of how complezx the St. Elizabeths development or consolidation has Monday Properties’ Executive Vice President Tim Helmigg said of the Coasft Guard’s decision to renew its lease for the long “And, in light of that, the Coas t Guard needed to secure its headquarters for a periode of time that lined up with potentially consolidating DHS’ headquarters at St.
Helmig said. The lease agreemen t gives the Coast Guard the right to terminatre the lease afterseven years, but only in the even of a major consolidation like the St. Elizabethds scenario, Helmig said. The length lease term should allow the Coasg Guard to perform needed renovations and security upgradesz onthe 35-year-old building. The deal is the largest leas ethe 10-year-old Monday Properties has ever executed, Helmiv said, calling the transaction “a landmark moment” for the company.
Despitde its New York headquarters, Monday Propertiees is a key player in the Washingtonm realestate market, and serves as landlord to dozenas of federal agencies at its local the majority of which are located in Defense-centric Rosslyn. “Thia deal furthermore underscores our commitment to our relationshio with numerous groups withinthe , particularly as we participater in the evolution of the Capital Riverfront.” The Capital Riverfronrt is the formal name for the mixed-use neighborhood beingh built around the Washington Nationals’ basebalkl stadium.
James Smale of the GSA, along with Bill Craig, Susajn Hill and Maureen O’Brienb of represented the Coast Guard in thelease renewal. Pete Marcin and Brian Sullivan of representedthe building’d owner, along with John Wharton and Tim Helmib of Monday Properties. In additioj to the Coast Guard Monday re-signed and expanded leases with many of its tenantws in 2008. Overall, Monday signed leases on approximatelyt 30 percent of its4 million-square-foot regional portfolio last Like most lease transactions in the Washingtonm region last year, the bulk of Monday’s leases were renewals, the companyt said.
воскресенье, 23 сентября 2012 г.
Loan defaults drag bottom lines - The Business Review (Albany):
lebexab.wordpress.com
That represents a $9 million increasew just from Dec. 31, and a 133 percen t leap from the $18 million in problem loanxs the Glenville bank reported after the firsr quarterof 2008. While Trustco’s nonperformers rose more sharply than most of itslocal peers—thse exception being the giant —it was hardly alonwe in seeing asset quality deteriorate. Of the 17 area bank for which figureswere available, 13 had higher levelws of non-performers on March 31 than a year “That is wholly to be expected in an economy like this” said Kevin Timmons, vice president and treasurefr of Trustco.
He noted, however, that most bad loans remain relatively low, particularly compared to the mess of theearlu ’90s. Back then, some banks had problemas with as much as 10 percentof assets. The average todayt for banks in the SNLBank & Thrift index is 1.5 Trustco is at 1 percent. “Thay is not a threatening level,” Timmons Still, banks are seeing enougg potential problems to warrany significant additions to their loanloss reserves. , for put aside $1.2 million in the first That is more than five timese the provision of ayear ago, and was largelyu to blame for a 26 percent declind in the Oneonta bank’s net income.
“It was a direct hit to the bottokm line,” said Douglas Gulotty, CEO of “But it was the prudent actioh to take, given the weaknesds in the economy.” Bankers say they are beinfg more pro-active in working with borrowers to try to keeploanw current, but only so much can be Wilber, which has its local base in Clifton Park, has identified $21 milliom in potential problem loans in its $600 million That is up from $16 millio n at the end of 2008.
These are loansw the bank believes could go into defaulyt in the next six to 12 Most are to business owners who have alread y cut expenses and taken other steps to savethei companies, and “may be out of options,” Gulottty said. “As a community you ride the fortune of your he said. “If they are having a difficult time in the it will show up on yourbalance sheet.” Albany-based & Trusgt Co. reported that its net interesft margin was impacted by a single commercial loanfor $1.46 million that movedd into non-accrual status during the first quarter.
, a Buffalpo institution with 12area offices, increased its loan loss provision by $7 million in the first quarter, despite a declind in net charge-offs, also because of one non-accrual business loan. Problems on the business side also find theidr way into residential mortgage and consumerloan portfolios. When companies cut back and unemploymentt rises, so do defaults. “Layoffs obviously cause a major changse inpersonal finances,” said Donald Gibson, CEO of The Bank of Greense County. “That is probably the biggesrt factor we’ve seen.
” Gulotty said that on the consumer side, it is either “feast or “If people have the ability to pay they are doing very well and delinquenc rates areactually improving,” he said. “Butf once a person makes the intellectua l decision thatthey can’t pay, they are turning in theird vehicles. There is no in between.” Trustco’ s $42.3 million in non-performers included $15 million in commerciakl mortgagesand $27.3 million in residential The bank’s spike in problejm loans appears tied, at least in to its presence in Florida.
Over the past seven years, it has openedd 37 offices in theSunshine State, which, accordinyg to RealtyTrac, ranked seventh in the nation in foreclosures as of New York ranked 26th. According to the quarterly report filee May 8 withthe U.S. Securitieas and Exchange Commission, Trustco responded by curtailing its lendinfg in Florida and revising its underwritingstandards there. “Florida is a biggert problem thanNew York, but they both have Timmons said. “There are parts of New York thatare horrible, partz that are good and parts in between. It is the same thin g in Florida.” The fact is that all banks in all areas are experiencing someloan problems.
It is all part of the job, said J. Williar Dunlaevy, CEO of Pittsfield, Mass.-based Legacy Banks—where non-performersz climbed 47 percent in thepast “That is what happens during a recession,” Dunlaevy “If you don’t have losses during times like you probably weren’t makint the loans you should have
That represents a $9 million increasew just from Dec. 31, and a 133 percen t leap from the $18 million in problem loanxs the Glenville bank reported after the firsr quarterof 2008. While Trustco’s nonperformers rose more sharply than most of itslocal peers—thse exception being the giant —it was hardly alonwe in seeing asset quality deteriorate. Of the 17 area bank for which figureswere available, 13 had higher levelws of non-performers on March 31 than a year “That is wholly to be expected in an economy like this” said Kevin Timmons, vice president and treasurefr of Trustco.
He noted, however, that most bad loans remain relatively low, particularly compared to the mess of theearlu ’90s. Back then, some banks had problemas with as much as 10 percentof assets. The average todayt for banks in the SNLBank & Thrift index is 1.5 Trustco is at 1 percent. “Thay is not a threatening level,” Timmons Still, banks are seeing enougg potential problems to warrany significant additions to their loanloss reserves. , for put aside $1.2 million in the first That is more than five timese the provision of ayear ago, and was largelyu to blame for a 26 percent declind in the Oneonta bank’s net income.
“It was a direct hit to the bottokm line,” said Douglas Gulotty, CEO of “But it was the prudent actioh to take, given the weaknesds in the economy.” Bankers say they are beinfg more pro-active in working with borrowers to try to keeploanw current, but only so much can be Wilber, which has its local base in Clifton Park, has identified $21 milliom in potential problem loans in its $600 million That is up from $16 millio n at the end of 2008.
These are loansw the bank believes could go into defaulyt in the next six to 12 Most are to business owners who have alread y cut expenses and taken other steps to savethei companies, and “may be out of options,” Gulottty said. “As a community you ride the fortune of your he said. “If they are having a difficult time in the it will show up on yourbalance sheet.” Albany-based & Trusgt Co. reported that its net interesft margin was impacted by a single commercial loanfor $1.46 million that movedd into non-accrual status during the first quarter.
, a Buffalpo institution with 12area offices, increased its loan loss provision by $7 million in the first quarter, despite a declind in net charge-offs, also because of one non-accrual business loan. Problems on the business side also find theidr way into residential mortgage and consumerloan portfolios. When companies cut back and unemploymentt rises, so do defaults. “Layoffs obviously cause a major changse inpersonal finances,” said Donald Gibson, CEO of The Bank of Greense County. “That is probably the biggesrt factor we’ve seen.
” Gulotty said that on the consumer side, it is either “feast or “If people have the ability to pay they are doing very well and delinquenc rates areactually improving,” he said. “Butf once a person makes the intellectua l decision thatthey can’t pay, they are turning in theird vehicles. There is no in between.” Trustco’ s $42.3 million in non-performers included $15 million in commerciakl mortgagesand $27.3 million in residential The bank’s spike in problejm loans appears tied, at least in to its presence in Florida.
Over the past seven years, it has openedd 37 offices in theSunshine State, which, accordinyg to RealtyTrac, ranked seventh in the nation in foreclosures as of New York ranked 26th. According to the quarterly report filee May 8 withthe U.S. Securitieas and Exchange Commission, Trustco responded by curtailing its lendinfg in Florida and revising its underwritingstandards there. “Florida is a biggert problem thanNew York, but they both have Timmons said. “There are parts of New York thatare horrible, partz that are good and parts in between. It is the same thin g in Florida.” The fact is that all banks in all areas are experiencing someloan problems.
It is all part of the job, said J. Williar Dunlaevy, CEO of Pittsfield, Mass.-based Legacy Banks—where non-performersz climbed 47 percent in thepast “That is what happens during a recession,” Dunlaevy “If you don’t have losses during times like you probably weren’t makint the loans you should have
суббота, 22 сентября 2012 г.
Missouri death row case sparks calls for broader reforms - Kansas City Star
humojo.wordpress.com
Missouri death row case sparks calls for broader reforms Kansas City Star LOUIS -- Advocacy groups that rallied around Missouri inmate Reginald Clemons at the special hearing of his death sentence this week are calling for broader reforms of the criminal justice system. Representatives from Missourians for Alternatives to ... |
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