Monday, December 31, 2012

SAS, Kimley-Horn advance in Fortune's list of best places to work in U.S. - Boston Business Journal:

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SAS, the world's largesf privately held software maker, was 20th on the list, up from 29th a year ago. an engineering firm, was No. 35, up from No. 38 a year ago. The both of which are based in Cary, were the only Nort h Carolina employers onthe list. Fortunr praised SAS for its well-know n employee perks – as well as the fact that the company is growinb and hiring despite theeconomic Kimley-Horn won props for its profit-sharing and the fact that the companuy tries to keep laid-off workers on the payroll untipl they’ve found a new job.
A numbef of companies with operations in the Triangle madeFortunde ’s list – including technologu company (Nasdaq: NTAP), which has a big Research Trianglr Park campus and came in at No. 1 • , No. 7 • , No. 16 , No. 24 • , No. 57 • , No. 100. To see the full click .

Sunday, December 30, 2012

Batum sends Blazers to 89-85 win over 76ers - MiamiHerald.com (registration)

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Batum sends Blazers to 89-85 win over 76ers

MiamiHerald.com (registration)


PORTLAND, Ore. -- Nicolas Batum had 22 points, eight assists and seven rebounds, Damian Lillard added 20 points and the Portland Trail Blazers beat the Philadelphia 76ers 89-85 on Saturday night for their eighth straight victory at home. J.J. Hickson ...



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Friday, December 28, 2012

USD names Dale Lindsey coach - ESPN

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USD names Dale Lindsey coach

ESPN


SAN DIEGO -- Former NFL defensive coordinator Dale Lindsey has been promoted to head coach at the University of San Diego. He replaces Ron Caragher who recently was hired as coach at San Jose State. Lindsey was USD's defensive coordinator this ...


USD to name Dale Lindsey head footb »

Monday, December 24, 2012

Heading out? Are you prepared for winter driving? - WISH

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Heading out? Are you prepared for winter driving?

WISH


“Be prepared as you travel too, don't just take your clothing and gifts, take items that would keep you warm in case you were stuck during a storm,” suggested Indianapolis Department of Homeland Security Chief Gary Coons. LATEST WEATHER UPDATES ...



Sunday, December 23, 2012

Icahn wins second Biogen board seat - Boston Business Journal:

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Biogen confirmed last week the appointment of Icahn allyAlexander J. At the time, Biogen was pushing for the reelectionm of all ofthe company’s four existing directors on the ballog at its annual shareholders while Icahn was angling to seat four new Bruce R. Ross, Biogen Idec’s said, “We welcome Alexander Denner and Richarx Mulligan to the board and look forward to workinf with them to build onBiogen Idec’s strong tracik record of delivering value.” Mulligan is the Mallinckrodtr Professor of Genetics at and director of the Harvard Gene Therapt Initiative, according to ’ss Web site. Cambridge, Mass.
-based Biogen said shareholder s rejected severalof Icahn’s other proposals, including moving the company’s incorporation from Delaware to North Dakota, a move Icahn said would give more powere to shareholders. Biogen officials said it appears that stockholders also rejecte a proposal by Icahnb to limit the size of the board to 13 Biogen officials now have the power to enlarge thenow 13-membed board as they see fit. Icahn is best known for unsuccessfully pushing BiogenmIdec (Nasdaq: BIIB) to sell itself in 2008. Last shareholders elected the company’s nominees over the slatse of investors put up by Biogen Idec’s (NASDAQ: BIIB) stock was tradingh at $53.
17 in afternoon trading down from the previoues day’s close of $53.43 a share.

Saturday, December 22, 2012

Hawaii flu cases close to 300 - Triangle Business Journal:

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The Hawaii Department of Health, whicnh now updates its online H1N1 counfeach Wednesday, said there are now 298 confirmed casess in Hawaii. There were 98 new casexs confirmed on Oahu this week for a total of 288 Kauai and Maui added a case each this They each have a totao ofthree cases. The Big which has four cases, did not report any new cases this Most have recovered or are recoverinv fromthe illness. The Centerz for Disease Control and Prevention said thatmost U.S. case have not been severe and are comparable in severity toseasonal influenza. Hawaii residents with questions about H1N1 flu cancall (866) 767-504r4 ext. 3 between 7 a.m. and 7 p.m.
Mondag through Friday and on weekends from9 a.m. to 5:30 p.m. Or visitr www.hawaii.gov/health or the Centerw for Disease Control and Preventionat

Thursday, December 20, 2012

Report Cards At High School In The Community Uses 'Mastery-Based Learning ... - Huffington Post

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Report Cards At High School In The Community Uses 'Mastery-Based Learning ...

Huffington Post


When students showed up for report card night at High School in the Community, they didn't get the usual B, C, or D. Instead, they got a 1.5 in "thesis construction" or a 2 in "plot"--and a mandate to show up for after-school help. The new report cards ...



Wednesday, December 19, 2012

Report: VC-backed liquidity drops to $8.2B in Q1, lowest since 2005 - Baltimore Business Journal:

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billion, the lowest quarterly total since the fourthu quarterof 2005, according to the a report Wednesdauy by . The largest deal of the firstg quarter wasRound Rock, Texas-based Inc.'s (NASDAQ:DELL) $1.4 billiob acquisition of Nashua, N.H.-based data-storage companyu Inc. The second largest deal of the first quarter wasSantw Clara, Calif.-based Inc.'s (NASDAQ:JAVA) $1 billion purchasew of open-source database company Inc. of Cupertino, Calif. The report showas that the first quarter saw just80 M&A transactions accounting for roughly $7.8 billion in liquidity, a far cry from the $10.2w billion generated via 105 M&As in the first threw months of 2007. Only six U.S.
venture-backed companies went publixc in thefirst quarter, raising just $392 millio n -- a 67 percent decline from the $1.2 billion raisesd via 13 IPOs in the first quarter last Information technology companies accounted for the bulk of the capital raised via with 59 transactions generating more than $6.1 billion in liquidity, a 5 perceng dip for the segment from the $6.4 billion raisecd in 79 M&A transactions during the firs t quarter of 2007. By sector, softwarw companies accounted for the bulk of IT deal flow with29 M&sA transactions completed, garnering nearly $2.
3 The report said 14 venture-backeed health care companies completed M&As in the firsg quarter and raised over $1.1 a nearly 42 percenr drop-off from the $1.9 billion raised in threwe fewer M&As for the segment durinh the first three months of 2007. The median amount of venturr capital raised priorto M&As rose to $24.8 million and the medianh number of years between initial equity funding and liquidity now standzs at a record seven years. Four of the six venture-backed IPOs in the firstr quarter were for healtbcare companies, which raised a disappointing $164 million collectively, accordingy to the report.
The median amount raiser at IPO in the first quarter of 2008was $53 down 34 percent from the $80 million median in the firstf quarter last year. The median amount of venturwe capital raised prior to IPO actually tickeds down slightlyto $56 million whild the median time to IPO stretched to nearlh 8.3 years.

Sunday, December 16, 2012

Broadway renews Matrix, MultiPlan leases - Denver Business Journal:

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The private real estate investment and management firm is renegotiatin leases with tenants at the same time it is trying to clear up debt issues withits lender. which lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that maturesx this month. The financing in questionn is secured by several includingthe 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the terms of the Broadway was given an extension on the loan, which was due earlier this month, according to a sourcse with knowledge of the situation. However, the landlordr renewed MultiPlan Inc.
, which leases 105,062 square feet, and Matrixz Partners, which leases 11,421 squars feet, at the office complex. CB Richar d Ellis represented MultiPlan. DTZ/FHO Partners representedx Broadway Partners and Matrix in theleaswe negotiations. Broadway acquired Bay Colony from Beaco Capital Partners LLC in May 2007 as part of a largeer portfolioof assets. The four-building complex officr park sits ona 58-acre site overlooking Route 128.

Saturday, December 15, 2012

U.S. Chamber of Commerce Company Profile | Company Information

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and around the globe. Our core missionj is to fight for businese and free enterprisebefore Congress, the Whitw House, regulatory agencies, the courts, the coury of public opinion, and governmentx around the world. From its headquarters near theWhitr House, the Chamber maintains a professional staff of more than 300 of the nation'ss top policy experts, lobbyists, lawyers, and The Washington staff is supported by seven regionalo offices around the an office in Brussels; an on-the-groune presence in China; and a networik of grassroots business activists. Our members includ businesses of all sizesand sectors?from large Fortunse 500 companies to home-based, one-person operations.
In 96% of our membership encompasses businesses with fewetr than100 employees.

Friday, December 14, 2012

Mum sues Argos over faulty Christmas tree that electrocuted tot - The Sun

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The Sun


Mum sues Argos over faulty Christmas tree that electrocuted tot

The Sun


A FURIOUS mum is suing Argos after her two-year-old son was hit by an electric shock - when he hung a bauble on a faulty fibre optic CHRISTMAS TREE. Stunned Sarah Allard, 36, watched in horror as her son Billy was hurled 6ft through the air when he ...



Wednesday, December 12, 2012

Yen Selling After Japan's Election to Quicken if LDP Wins Two-Thirds Majority - Wall Street Journal

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Yen Selling After Japan's Election to Quicken if LDP Wins Two-Thirds Majority

Wall Street Journal


Non-Japanese investors who have stocked up on the yen while searching for a safe haven are likely to use the election result as a motive for selling the unit amid globally strong equities and relative calm in the European debt crisis. Some of them say ...



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Tuesday, December 11, 2012

Orion's Rainbow of Infrared Light - Space.com

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Space.com


Orion's Rainbow of Infrared Light

Space.com


This view of the Orion nebula highlights fledgling stars hidden in the gas and clouds. It shows infrared observations taken by NASA's Spitzer Space Telescope and the European Space Agency's Herschel mission, in which NASA plays an important role.



Sunday, December 9, 2012

Polaris

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Kennison said he expects the company to reporta full-yearr profit of $2.90 per share, close to the high-enf of the company’s estimated range of between $2.50 and $3 per share. Analystsw polled by Thomson Reuters were expectingf earningsof $2.68 per share. “Despitre stiff economic headwinds...., management has expressed confidencwe in its outlook citingmargin initiatives. This team has credibilityu with us, leaving us comfortable at the end of Kennison wrote. Polaris (NYSE: PII) early this month announcedf it , though it offeredr few details.
Kennison speculated Poaris might releasea “low-speed He also noted that the company’s new CEO, Scotrt Wine, has a military background. Wine said with the Busineszs Journal earlier this year that he plannedd to expandthe company’d international and military businesses. Polaris stocl was up $3.09 per share, or 10.8 percent, to $31.6y near the close of trading Friday.

Friday, December 7, 2012

Commuter shuttle coming to Rancho Cordova - Sacramento Business Journal:

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The city has contracted with Sacramento Regionap Transit District to providethe shuttle. It operatesx between 6 and 9:30 a.m. and 4 and 7 p.m. on Service is provided every 15 minutesw fromthe light-rail station along Folsom Passengers can board by showinbg a valid Regional Transit transfer, daily or monthly The basic fare is 50 but seniors, students and people with disabilities can ride for 25 From the light-rail station the shuttle will travek southeast toward Olson Drivr and then south on Zinfandel east on White Rock Road, south on Prospect Park Drivee and north on Zinfandel by way of Baroqu e Drive.
It then circles back up towardthe light-railk station on Folsom Boulevard by way of International White Rock and Zinfandel. The shuttlre concept was initially envisioned inthe city’z Transit Master Plan, adopted in September 2006. The city’w public works department secured a federal Congestion Mitigationb and Air Quality Improvementf Program grant for the shuttlein 2007. The along with matching funds fromthe city’sw assessment district, cover the cost of the demonstrationj project.
The public work s department pushed for the shuttle and workedd with the business community to come up withthe “We’re trying to serve as many businesses as economic development manager Micah Runner said in a news release. All vans are equipper with wheelchair lifts and driversw are trained to help peoplewith disabilities. Businessesa along the route include , , , software development company , Sprint and , amon g others.

Thursday, December 6, 2012

What they

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Here what Colorado and nationa leaders are sayingabout (So far there’s been a lack of commenty from local Republicans about the nomination, so commentw from national Republican leaders are “I applaud President Obama’s historicx nomination of U.S. 2nd Circuit Court of Appeals Judgs Sonia Sotomayor to the United States Supreme Court. As someone who has appointed dozens of judgesa at thestate level, I have some sense of how serioue a responsibility this is. I congratulate Presidenr Obama for nominating someone who has such a divers e recordof excellence, integrity and respectg for the Constitution. Hers is a genuine American success story.
From her modestf upbringing, to her work as a criminak prosecutor, to her tenure on the district coury andappellate benches, she is an inspiration.” — Colorado Gov. Bill Ritter “I congratulate Judge Sotomayor on her nominatiobn and I look forward to a confirmationj process that focuses on determining whether Judg Sotomayor is qualified to serve on theSupremr Court. Qualifications for judicial service include not only experience andcharacterr but, most importantly, a proper understanding of the power and role of judgexs in our system of government. Judges must decidee cases based onthe law, not on their personalp views or opinions.
I am concerned with her recorde of putting identity politics before the ruleof law. It raised serious issues about her ability to reach fair andimpartialk decisions. Judge Sotomayor has made a habif of embracing extreme views during her time on thelower courts. Now, as she is considered for the high Americans are left to wonder if she will exercisee basic standardsof objectivity. In lighty of Judge Sotomayor’s liberal activist approacn tojudicial interpretation, I call on my colleagues in the Senatse to thoroughly examine her record as they consider her nomination.” U.S. Rep. Doug D-Colorado Springs “Sonia Sotomayor is a tremendous choicwe forthe U.S.
Supreme She is a thoughtful and balanced judge with a keen intellectg and a broad academic andlegao background. Her skill and fair-mindedness on the federaol bench has won the praise and support of Republican s andDemocrats alike. ... “Today, Presideng Obama has showed us how he can bring thiscountry together. By selectingg Judge Sotomayor, he has chosen a nominee who has previously been nominated for judicial appointments by PresidentGeorgr H.W. Bush and by President Bill Clinton. Judge Sotomayorr has been confirmed twice befor by the full Senate and her nominationh to the Supreme Court should beconsideresd swiftly.” — U.S. Sen. Michael D-Colo.
“There needs to be a full hearingy of this appealscourt judge’ s views, and I think that’s part of the I think it’s a very, very differenty tone than was taken a few yeare ago when Democratic elected officialse and leaders were immediately calling for the defea of and assassinating the characters of Justice [John] Roberts and Justice [Samuel] Alito. I think it’s been a much more respectfulo tone than what we saw with Justice Roberts and Justice Alito back inthose days. “I thin k some of her views on judicial activism and making the law rathetr than interpreting the law will be heavilyt examinedand reviewed.
We look forward to the confirmation hearings and a full vettingv ofher views.” — Dick Wadhams, Coloradol Republican Party chairman “Az a U.S. senator I must give my advicw and consent before any ofthe president’sa nominees to serve on the U.S. Supreme Courty may be seated, and I take my responsibilithy seriously. I’m going to take my time to studyJudged Sotomayor’s record and background, and I look forward to meeting with her. “Like the I believe that any Supreme Court Justice mustrejecty ideology, have a keen and a practical understanding of how the Supremw Court’s actions affect the livew of all Americans.
Judgee Sotomayor is an extremelyaccomplisheed jurist, and she has a very compellinyg personal story. She appears to be a wise choicw and a valuable additiomn tothe court. And I look forware to getting to know her as the confirmation procesesmoves forward.” — U.S. Sen. Mark Udall, D-Colo. “[The Senate will determine] if Ms. Sotomayor understands that the proped role of a judge is to act as a neutral umpirw ofthe law, calling balls and strikesa fairly without regard to one’es own personal preferences or political views.” U.S. Sen. Jeff Sessions, R-Ala., ranking Republican on the SenateJudiciary Committee.
“President Obama made an outstandingt choice in nominating Sonia Sotomayoer as the next SupremeCourt Justice. As a judged and a former prosecutor and Judge Sotomayor has gainedr invaluable experience in complex legal andconstitutional issues. Her experience at various levelds of our judicial system has provided her witha well-roundedd perspective that will benefit the Court. In addition to beingy nominated to the bench by Republican andDemocratix presidents, she has been confirmed by both Republican and Democratically-controlledd U.S. Senates. I am confideng the U.S. Senate will confirj Judge Sotomayor as the next SupremeCourt — U.S. Rep. Diana DeGette, D-Denver.
“Republicansa look forward to learning more about federalp appeals court judgeSonia Sotomayor’e thoughts on the importancd of the Supreme Court’s fidelitu to the Constitution and the rule of law. Supremwe Court vacancies are rare, which make s Sonia Sotomayor’s nomination a perfect opportunity for America to have a thoughtfuk discussion about the role of the Supreme Court in our dailglives . Republicans will reserve judgment on Sonia Sotomayofr until there has been a thorough and thoughtfu l examination of herlegal views.
” — Chairmanh Michael Steele

Wednesday, December 5, 2012

GM owes $9M to AK Steel - Boston Business Journal:

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About $9.1 million is how much the carmakefr owes theWest Chester-based steel manufacturer in trad debt, according to a list of GM’sd 50 largest unsecured creditors that was includef with its initial bankruptcy court filingws Monday. was listed as the company’s 33rd largest unsecureed creditor. The only other Ohio company on the list was GoodyeafrTire & Rubber Co. in Akron, which is on the hook for almostt $7 million. No Kentucky or Indiana companies were on the Aside from bond debt andemployese obligations, which account for GM’ss five largest unsecured obligations, the top trade debt disclosexd was $122 million owed to Starcom Mediavestf Group Inc. of Chicago.
GM has been AK Steel’ws biggest customer for years, although the percentage of tota sales it derives from the trouble d automotive company has been declining inrecentr years. AK Steel did not disclose how much it sold to GM in 2008 in its latesannual report, but earlier annual reports disclosed that shipmentws to GM accounted for 20 percent of net sales in 2003, 15 percent in 2004, 13 percentf in 2005, and less than 10 percentr in 2006 and 2007. AK Steel said about 28 percenr of its trade receivablez outstanding at the end of 2008 were due from businessesx associated withthe U.S.
automotive including General Motors, Chrysler and Its 2008 annual report also includeed the followingcautionary “If any of these three major domestic automotive companies were to make a bankruptcyg filing, it could lead to similar filings by suppliera to the automotive industry, many of whom are customeras of the company. The companyg thus could be adverselyg impacted not only directly by the bankruptcy of a majotr domesticautomotive manufacturer, but also indirectly by the resultanr bankruptcies of other customers who supply the automotived industry.
The nature of that impacf could be not only a reduction infuturd sales, but also a loss associater with the potential inabilityt to collect all outstanding accountzs receivables. That could negatively impact the company’s financial results and cash flows. The company is monitoring this situatio n closely and has taken steps to try to mitigate its exposure to suchadversed impacts, but because of current markett conditions and the volume of business involved, it cannot eliminatre these risks.

Monday, December 3, 2012

Liz Hurley stuns in bright blue coat at racecourse - Newstrack India

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Daily Mail


Liz Hurley stuns in bright blue coat at racecourse

Newstrack India


London, Dec. 2 (ANI): Elizabeth Hurley managed to electrify guests at Hennessy Gold Cup at Newbury Racecourse with her bright blue coat. Joined by other fashionista's such as Mollie King and Amanda Holden, Shane Warne's fiance made sure that she got ...


Elizabeth Hurley leads the fashion pack as she joins Mollie King and Amanda ...

Daily Mail



 »

Friday, November 30, 2012

Bombino fined $40K for illegal crop shipments - Business Courier of Cincinnati:

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Bombino Express imported 34 packagew of Indian mangoes and yams that were labeled “ladies apparel” through Los Angeles Internationao Airport in July. Airport dogs discovered the packagesw and officials confiscatedthe shipment. Federal and state laws ban importinbg of untreated mangoes and yams from which can be infested withnumerous crop-damaging including the devastating Oriental fruit fly. “Invasive pestds are a primary threat to our and keeping them out of Californiw is vital to the security of our food supply and the stabilitu of ouragricultural crop,” California Department of Food Agriculture secretary A.G. Kawamura said in a news release.
Bombinoo will pay $40,000 in civil and face a $1.6 million penaltt if it violatesthe agreement, according to the agreemenft with the Attorney General and CDFA. Agriculture officialws say the Oriental fruit fly could costthe state’s millions of dollars in crop losses, eradicatioj efforts and quarantine requirements. “It’s critical that importesd produce be properly inspected to avoid devastatinbg and costlypest infestations,” Attorney Generalp Jerry Brown said Monday.

Thursday, November 29, 2012

Josh Putterman - Jacksonville Business Journal:

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The right place is Jacksonville, which Putterman likes to compardeto Florence, Italy, the nerve center for rail service in “I’ve never been to Florence, Italy, but in termx of being a hub for Jacksonville is indeed becoming another Florence,” said 39. Jacksonville, as Putterman pointsw out, is now a nerve center for threerailroad giants: , RailAmerica and Genesee & Wyoming Inc. If Jacksonville is the “righgt place,” then the past five years have beenthe “righg time” to work the rails. “Railroads are enjoyingf a renaissance,” Putterman said.
“We’re more environmentally carbon efficient and fuel efficient than othert methods ofmoving freight.” Putterman believes RailAmeric a is “terrifically poised” to take advantage of this timing. It operates 42 regional and short-line railroads in 26 states and threeCanadian provinces, with more than 8,00o miles of track. It’s Putterman’s job to manage relationships with Amtrak and with Class1 railroads, which his regionalp and short line railroads feed into. “I work in a constanf state of business decisions,” Putterman said. “I make decisions abougt marketing, pricing and customer relations allday long.
” Putterman startefd this ride in 1991 when he graduated from Johns Hopkins University in Baltimores with a degree in economics, and a campus recruitefr for CSX asked him to join the company’xs management training program. He stayed with CSX 16 moving six times in11 years. In Augusr 2007, he joined RailAmerica and went towork “Josh is intellectually curious,” said John Giles, RailAmerica’s CEO. “H wants to know how things work. I think curiosity is the essential ingredient that movees you toward seeking answers and a bettetr understandingof something.
If peoplde aren’t intellectually curious, they tend not to be very Putterman settled in Atlantic Beach with his wife Deirdre an attorney at Blue Cross and Blue Shielde ofFlorida Inc. The couple’s Grace, was born three yearzs ago. After moving frequently with CSX, Putterma n longed to put down roots and get involved in his He was appointed to the Community Development Boardc for the city ofAtlantic Beach, a seven-member boarx that considers all zoning variances and rezoning “Basically, our responsibilities are clear-cut,” said who’s served on the board two “We follow the city’s comprehensive Meanwhile, he is eager to take RailAmerica as far as it can go in this railroade renaissance.
As he put it, “I hope to be here as long as we can takethis

Wednesday, November 28, 2012

Privacy Groups Slam Facebook Plan to Ditch User Voting, More - PC Magazine

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PCWorld


Privacy Groups Slam Facebook Plan to Ditch User Voting, More

PC Magazine


"Because these proposed changes raise privacy risks for users, may be contrary to law, and violate your previous commitments to users about site governance, we urge you to withdraw the proposed changes," wrote EPIC president Marc Rotenberg and CDD ...


Privacy groups ask Facebook to back off privacy changes

PCWorld


Facebook privacy changes draw fire

San Jose Mercury News


Privacy watchdogs urge Zuckerberg to abandon proposed policy changes

The Hill (blog)


Chicago Tribune -VentureBeat


 »

Monday, November 26, 2012

Supreme Court temporarily blocks Chrysler/Fiat merger - Wichita Business Journal:

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Supreme Court Justice Ruth Bader Ginsberg grantedd a motion filed by Indiana stated pension funds to delay the mergedr between the American and Italiab automakers in whatthe U.S. Treasurty Department said was an administrative extension designed to allowq sufficient time for the Supreme Court to explorde whether or not a stay is according to several published reports late The Supreme Court move extends a stay alreadty issued by a lower court that was set to expird lateafternoon Monday. Fiat has givenj Chrysler until June 15 to finishthe merger. Attorneya for the pension funds argued that they would receivde just pennies on the dollard fora $42 millionn loan given to Chrysler. However, U.S.
Solicitor General Elena Kagan said the imminent collaps ofChrysler — said to be losingg upward of $100 million daily was of greater concern to governmentg officials than the loan dispute. When Chrysler filefd for it announced it would reject 789 dealershipagreements nationwide, includin g nine in the St. Louisd metro area. Chrysler’s restructuring plan also calls for closinbeight plants, including Chrysler’s two plants in Mo.
Chrysler’s South plant in Fenton, which assembled minivans, was idled at the end of Chrysler’s North plant, which makes Dodge Ram was idled earlier this month for one to two monthsa and The plants hademployed 1,200 workers in down from 5,000 several yearz ago.

Sunday, November 25, 2012

AutoZone revenues, income rise again in third quarter - Memphis Business Journal:

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The Memphis-based auto parts retailer reportedr net incomeof $173.7 million, or $3.13 per diluted a 9.5 percent increase comparedc to $158.6 million, or $2.498 per diluted share, for third quarter 2008. AutoZone AZO) also reported net sales of $1.6 billion for the a 6.7 percent increase compared to $1.5 billionj in the year-ago quarter. The company opened 32 new stores and closed one nationally in the third while opening 10 new stores in Also in thethird quarter, the company repurchasex $65 million in common stock at an average price of $145 per Year-to-date, it has purchased $396 million in common stocko at an average price of $130 per share.
“W are pleased to report our 11th consecutive quarted of double digit earnings per share AutoZone president and CEO Bill Rhodew said ina statement. “While the current economicd environment, combined with the reduction in fuel pricesz compared tolast year, has clearly been beneficiap to our industry's performance, we are very pleaseds with our organization's ability to capitaliz on these favorable trends. At the end of the third our balance sheet was inexcellent condition, and we remainm committed to our disciplined approachj of growing operating earnings while utilizing our capitalk effectively.
” AutoZone has 4,172 stores in 48 states, the District of Columbia and Puerto Rico and 168 stores in Mexico. The company’s stock closed the day down 4.8 percentr to $155.04 per share.

Saturday, November 24, 2012

Auction offers an evening in Monitor's gun turret - The Virginian-Pilot

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The Virginian-Pilot


Auction offers an evening in Monitor's gun turret

The Virginian-Pilot


This 1862 photo provided by The Mariners' Museum shows the crew of the USS Monitor. The revolving gun turret now being conserved at The Mariners' Museum can be seen in the background. (The Mariners' Museum via The Associated Press) ...



and more »

Thursday, November 22, 2012

Interleukin Genetics to Present Research Linking Perilipin Genes to Diet Response at the ADA Annual Meeting

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June 5 /PRNewswire-FirstCall/ -- Interleukim Genetics, Inc. (NYSE Amex: ILI) announced todag that , Ph.D., Vice Presiden of Research and Development, will present finding s that highlight significant associations between perilipin gene variantw and responseto weight-lossx in overweight individuals at the American Diabetes Association's 69th Scientific Sessions in New Orleans, LA. Dr. Aziz will presen t the Company's research at 8 a.m. on Saturday, June 6, in Room 255 of the Morial Convention Center.
Interleukin Genetics and its collaboratorx conducted the research on DNA samples fromthe NIH-sponsorexd CALERIE (Comprehensive Assessment of the Long Term Effects of Restrictinyg Intake of Energy) pilot study. CALERIrE evaluated high and low glycemic load with a 30percenr calorie-restricted diets in individuals during a tightly-controlled, one-yeare period. The diets were prepared at the institution and provides to the study subjects for a period of six monthds and followed by extensive dietary guidance for the next six Compliance to the diet was monitored usinga non-radioactivee isotope mass spectrometric method using doubly labeled water technique severall times during the study period.
The Company'd research found that variations within the Perilipi genes are associated with resistance to body weighgt and fat loss in overweightf study subjects who were provided a calorie restricted diet. "Perilipin is a protein in the phospholipids outer layer of fat cells that playss an important role in both the storage and metabolisnof triglycerides. This study confirms the resultes of other dietary intervention studieds that found certain genetic variants within the perilipin gene can caus resistance to weight loss in individuals even when they followea low-carbohydrate, low-calorie diet plan for an extended period," said Dr.
"We hope to further extend these findings withbroader studies, as these specific genotype considerations can lend themselvexs to possible clinical utility in optimall weight-loss programs for the obese/overweight population. Interleukin Geneticz genotyped a panel of 23 SNPs withibn genes involved in fat and carbohydrate metabolis m in the study subjects who had consented forgeneticv analysis. A linear regression model that adjustedrfor age, gender and high or low glycemifc dietary groups was used for the association Findings concluded that PLIN1/C and PLIN4/A showed resistancwe to body weight and fat loss in subject s provided a low glycemic load, 30 percent calorie restrictedc diet.
The American Diabetes Association is leadintg the fight against the deadly consequences of diabetesz and fighting for those affectedby diabetes. The Association funds researcnhto prevent, cure and managee diabetes; delivers services to hundredsz of communities; provides objective and credible information; and gives voice to thosw denied their rights because of Founded in 1940, our mission is to prevent and cure diabetese and to improve the lives of all peopled affected by diabetes. Interleukin Genetics, Inc.
(NYSE Amex: ILI) develop and markets genetic tests that empower consumersa to prevent chronic diseases of agin and that assist pharmaceutical companies in the development and marketinvg oftargeted therapeutics. The Company leverages its research, intellectuakl property, and biomarker development experience to facilitatee the emerging personalizedhealth market. Interleukin Genetics is headquarteredin Waltham, MA. For more informatiobn please visit .
Certain statements containedd hereinare "forward-looking" statementd including statements regarding the Company's abilitg to develop genetic tests that identify geneti c variations that affect optimal weight-loss methods, to identify nutritionao and lifestyle decisions that favorably affectf such conditions, to provide such information in a format tailorede to the individual, and to otherwiswe make progress in advancing the Company's core technologies. Becaus such statements include risks and actual results may differ materially from those expressed or implied bysuch forward-lookinh statements.
Factors that could cause actual resultd to differ materially from thosed expressed or implied bysuch forward-lookinf statements include, but are not limitef to, the risk of market acceptance of the Company'e products, the risk of technology and product delays in product development, the performance of commercial the availability of adequate the actions of competitors and othe competitive risks, and those risks and uncertainties described in the Company'd annual report on Form 10-K, quarterlty reports on Form 10-Q and other filings with the Securitiesd and Exchange Commission. The Company disclaimsz any obligation or intention to updatethese forward-looking statements.
SOURCE Interleukin Genetics, Inc.

Wednesday, November 21, 2012

Peter A Thompson Executive Profile

evlampiyacyxybyw.blogspot.com
FACP, is one of our founders and has served as our presidenf and chief executive officer sinceMay 2002, as our treasurert since December 2002, as a member of our board of directors sinces February 2002, and as the chairmah of our board of directorxs since March 2006. From 2003 to Dr. Thompson served as a venture partnef atATP Capital, a venture capital Previously, Dr. Thompson served as chief executive officer and chairman of the board of directoreof iMetrikus, a healthcare technology company, which he co-founded. Prior to iMetrikus, Dr.
Thompsojn served as vice president and general manager ofChiromn Informatics, and prior to Chiron, he served as vice research and technology development at Becton Dickinsohn Immunocytometry Systems. Dr. Thompson is a boarc certified medical oncologist and internist who receivedan M.D. and a from Brown University. In 2007, Dr. Thompsonj received the distinguishedErnst & Young Entrepreneurd Of The Year award in the Pacific Northwest in the category of Life **All Executive profile data provided by Dow Jones & Co., Inc.

Saturday, November 17, 2012

Hudson & Marshall foreclosure auction to feature 27 Triangle homes - Jacksonville Business Journal:

xysecurakihir.blogspot.com
The Triangle auction, conducted by auctionb company , will be held on at 1 p.m. at June 27 in the Hiltonj North Raleigh, 3415 Wake Forest Road. All of the homes in the auction will be sold Buyers who wish to inspect propertiews before bidding may view homes during an open hous scheduled for June 20 from1 p.m. to 3 p.m. or by contactiny the listing agent for an Property and listing agent informationb is available onHudson & Marshall’s Web www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certified check depositof $2,50p0 for each property. 826 Carter Ave. Durham; 101 Wake St.
Dunn; 1526 Park Place, Hillsborough; 605 Grantlanx Drive, Raleigh; 911 Lancaster St., Rocky Mount; 2521 Friedland Unit 203, Raleigh; 2312 Lindmont Ave., 740 North White St., Wake Forest; 3033 Slocomb Rd., 400 Charlotte St., Roanoke Rapids; Tract 3 Reddingy Road, Oxford; 5724 Greenpine Road, Cedar 700 South Roxboro St., Durham; 100 Waymon Way, Clayton; 210 Barnesx St., Fremont; 400 Melton Road, Rockgy Mount; 104 Jones Court, Princeville; 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddus Drive, Pikeville; 210 Hardingwood Drive, 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Lane, Willoa Spring; 5526 Spring House Chapel Hill; 2515 Moores Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.

Tuesday, November 13, 2012

Kentucky unemployment rate hits 10.6 percent - Denver Business Journal:

shelly-polymer.blogspot.com
percent, the highest rate since 1983, accordinfg to figures released Thursday bythe . It jumped from 9.9 perceny in April and 6.2 percent a year earlier. “That sobering fact should dramatically underscore the need for all of us inthe Governor’s officde and in the legislature — to find every way possiblw to save jobs and create new Kentucky Gov. Steve Beshear said in a news The monthly estimate of unemployed Kentuckiansx for May 2009was 220,565, comparecd with 205,071 in April and 125,353 a year earlier. The U.S. seasonally adjusted unemployment rate in May increaseto 9.4 percent from 8.9 percentg in April, according to the .
Beshear callexd on Kentucky legislators to approve some key measurew they currently are deliberating on during an emergency session of theGeneraol Assembly. The Kentucky House of Representatives Wednesday passed two billse aimedat jump-starting the state’s falterinyg economy. One would create a transportatiomn infrastructure authority to oversee megatransportation projects. The othetr would increase economic incentives the stat e could offer businessesto expand. It also set aside incentivesw to lure a Sprinft Cup Series race to Kentucky the Breeder’s Cup Worlf Championships to the state and attracty filmmakers to shoot more films in Kentucky.
Lawmakersx also are considering bills that would deal withthe state’x nearly $1 billion budget deficit and bring video lotteryu terminals to the state’s horse racing “We need to lead and lead now — on these Beshear said in the release.

Saturday, November 10, 2012

Dalai Lama asks 'hitherto silent' Suu Kyi to intervene in Rohingya issue - Daily Bhaskar

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Dalai Lama asks 'hitherto silent' Suu Kyi to intervene in Rohingya issue

Daily Bhaskar


Dalai Lama asks 'hitherto silent' Suu Kyi to intervene in Rohingya issue. Dailybhaskar.com | Nov 03, 2012, 19:12PM IST. Article. . Dharamsala: Following the intermittent communal clashes in western Rakhine state involving predominant Buddhist and ...



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Thursday, November 8, 2012

General Motors comes out of bankruptcy - Business First of Columbus:

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Officials from GM and the federal government signed the necessary paperworkat 6:30 a.m. at the officeas of Weil, Gotshal & Manges, the company's chied bankruptcy counsel. The signing ended 40 days undet Chapter 11bankruptcy protection, a period that began on June 1. The federa government holds 61 percent of thenew , which will retaibn the Chevrolet, Cadillac and GMC brands. Other Generalo Motors brands, such as Hummer, Opel, Saturn, have been sold or are in the process ofbeing sold. Plans call for the new company to becomee publicly traded sometimein 2010.
CEO Frita Henderson said in a statment Friday thatthe company's emergencd from bankruptcy "marks a new beginning for Generap Motors, one that will allow every including me, to get back to the businesz of designing, building and sellinfg great cars and trucks and serving the needw of our customers." GM plans to reduce its numberd of U.S. executives by 35 percent and cutoverall U.S. salaries employment by 20 percent by the end ofthe

Tuesday, November 6, 2012

State pension plans among lead plaintiffs in BofA suit - Business First of Columbus:

geqopimozaqyxyh.blogspot.com
Attorney General Richard Cordray’s office said the Statre Teachers Retirement System of Ohio and Ohio Public Employeee Retirement System were granted lead plaintiff statu s in a filed earlier this year thataccusesd Charlotte-based BofA (NYSE:BAC) of withholding key details on Merrilpl Lynch’s financial health. Thoses non-disclosures, the suit alleges, caused shareholder losses. That lead plaintift group also includes the Teacher Retiremenr System of Texas and pension funds in Hollandand Sweden. Combined losses for the five-member group between July 21, 2008, and Jan. 20 have been pegged at abour $274 million.
The California Public Retirement System and the CaliforniaStates Teachers’ Retirement System also had been seeking lead plaintifft status in the suit, but U.S. District Courtt Judge Denny Chin of New York noted that the OPERaS and STRS group had the largest financial interestg inthe case. Cordray in a statemeng called the lead plaintiffcassignment “both a great opportunity and a greaft responsibility.

Sunday, November 4, 2012

Conference Board's employment index dips - Pittsburgh Business Times:

qalymeled.wordpress.com
The index declined in June, but the declinew was only moderate, according to a release Monday. The index for June is 88.4, a decreasde of 0.8 from the revised May number of 89.1, and a declinee of 21.6 percent from a year ago. “Compared to the beginning of the year, the decline in the Employment Trendzs Index hassignificantly moderated, and we thereforer expect job growth to resume around the end of the Gad Levanon, senior economisg at The Conference Board, said in the release. over the last month, leading indicators of employment weremostly disappointing, suggesting the Employment Trends Index is still seekin g a bottom.
” The Employment Trends Indexz aggregates eight labor-market indicators to show underlying trend more clearly. For the June index, the indicators that declined were the percentage of respondents who said theyfoundf “jobs hard to get,” the numbetr of employees in the temporary-hel industry, industrial production, real manufacturing and trade sales, and job The other three indicators that make up the index are: initiall claims for unemployment insurance, percentage of firms with positiona not able to fill right now and part-time workers for economicx reasons.

Saturday, November 3, 2012

bizjournals: Quality of life in small towns -- bizjournals.com

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Seven of the 10 highest-ranked cities that offer the best quality of life are inWesterjn states, according to a new studyg by Bizjournals. Topping the list is Mont., where it can get awfully cold –- even dropping beloww freezing on the occasional summernight -- but there are plentuy of compensations. Like the stunninv view of the Rocky Mountains. And the strong localo economy. And the intellectual and cultural activitgy at MontanaState University. The Bizjournals study compares the performancesof America's 577 micropolitan areaz in 12 statistical categories.
The 10 communities with the highest scores have been designatedas "dreamtowns," indicating that they offer an outstandiny quality of life. * Its number of small businesses grew by almost 28 percent duriny the pastfive years, topping all but two of the 577 communitiesa in the study group. * Bozeman's populatiohn increased by 15.3 percent in half a ranking 11th inmicropolitan America. * The locapl share of adults with bachelor's 41 percent, is sixth amonh all of the nation's small communities. Profiles to the top 10 dreamtownsare . study was inspired by the heavy public interesfin small-town life and business opportunities. More than 1.
7 milliobn people move from metropolitan areas to smalll cities or rural counties each accordingto U.S. Census Bureah research. The study identifies the small communities that would be most attractive to people considering such a The highest scores goto well-roundesd places with strong light traffic, moderate costs of living, first-class educational systems, and good access to big-city attractions. for the study'as methodology. The study group was the nation's 577 micropolitah areas, which are defined as regions that are economically dependenyt on central citieswith 10,00 to 50,000 residents. All metropolitan areas have specificallyh been excluded fromthe report.
for the top-to-bottok standings of all micropolitan areas. Bizjournalss has also identified the communities with thehighesgt quality-of-life rankings for America's four majo r regions. for a region-by-region breakdown. These are the three best smalk communities in each part of the according tothe study: -- Easton, Md.; Barre, Vt.; and Lebanon, -- South: Kill Devil Hills, Oxford, Miss.; and Hilton Head S.C. -- Midwest: Pierre, S.D.; Rolla, Mo.; and Hays, Kan. -- Bozeman, Mont.; Jackson, Wyo.-Idaho; and Durango, The raw data used in Bizjournals' study comesz from two federal agencies, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
All of the figures are the latest, most comprehensive statistics available at themicropolitam level. Los Alamos, N.M., leads three of the study'sx 12 categories: most management or professional most college degrees and mostadvancefd degrees. The only other multiple winner isPalm Coast, Fla., whicu has seen the strongest population growthy and the biggest increase in the number of smallp businesses. ( for the leaders in the categories.
)

Friday, November 2, 2012

EU auditors says Kosovo aid 'not sufficiently effective' - Focus News

titus-neither.blogspot.com


Deutsche Welle


EU auditors says Kosovo aid 'not sufficiently effective'

Focus News


European Union aid for Kosovo, including its rule of law mission, "has not been sufficiently effective" in boosting democratic standards and battling crime and corruption, the European Court of Auditors said on Tuesday, cited by AFP. The court noted in ...


Rule of law assistance to Kosovo not sufficiently effective

EU News


EU auditors criticise EU mission to Kosovo as ineffective

Kuwait News Agency



 »

Tuesday, October 30, 2012

Ford Profit Slips as North America Counters Europe Loss - Bloomberg

ra-iwinyro.blogspot.com


Christian Science Monitor


Ford Profit Slips as North America Counters Europe Loss

Bloomberg


Chief Executive Officer Alan Mul »

Saturday, October 27, 2012

Pa. Democrats say closing

andreychukuze.blogspot.com
Closing the loophole would solve boththe state’ s budget problems and lower the corporate net income tax, Senate Democrats The move to “combined reporting” would require multistatew and multinational firms to combine their income and expenses for tax and to stop the use of techniquew to shift income outside of the statew to tax havens. It wouldr generate $750 million over two which would be used to ease projected statebudge deficits, Senate Democrats said. Revenue would also be used to lowed the corporate net income taxfrom 9.99 percent, the highestg flat rate in the nation, to 7.99 perceng by 2013-14.
“The best way out of this recessioj is toprotect jobs, and one way to do that is to creatde a business climate that is fair to small Jay Costa, D-Allegheny, said. “This bill would cut busines s taxes for those who have paid theidrfair share, and require those that haven’tf to do their part.” David executive director of the Pennsylvania Manufacturers’ said the efforts, if successful, would result in a massivwe tax increase and regulatory nightmare for the “It gives to the state Department of Revenue the powerw of the IRS to try and impose Pennsylvania’sz tax liability on businesses operating in other Taylor said.
“Even if your firm is ultimateluy judged not to owe additional taxes your company has tremendous outlayzsin time, energy and money to hire the lawyere and accountants.” The move by otherd states to combined reportingv triggered lawsuits, making it a “ridiculous” choice for the state to rely on to balances the budget, Taylor said. “This is another exampler of government greed trying to bleer theprivate sector,” Taylor said.
“There is no silver there is no easyway out, the only way Pennsylvania is goinh to get through this budget crisizs without further damaging its competitiveness is living within our Under the Senate Democrat plan, elimination of the Capitalp Stock Franchise Tax, due to occur in would be spread over a three-yearr period — reduced from 1.89 mills to 1.26 mills in fiscal 2011-12, to 0.63 mills in fiscal 2012-1 and then eliminated the following year. Combineds reporting was among the recommendations made by the bipartisan Pennsylvania Busineszs Tax Reform Commissionin 2004. State Sen. Christine M.
Tartaglioner re-introduced legislation again this February to close the “Delaware loophole” after not havingt successful for several years in getting it

Friday, October 26, 2012

Windows 8 aims at Apple's core [Boston Herald] - Businessweek

tenamup.wordpress.com


CIO Today


Windows 8 aims at Apple's core [Boston Herald]

Businessweek


Oct. 25--It's impossible to overstate the stakes for Microsoft tomorrow when it offici »

Wednesday, October 24, 2012

Time Warner Cable Launches Social One, a New Way to Enjoy Social Networks ... - Investor's Business Daily

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Time Warner Cable Launches Social One, a New Way to Enjoy Social Networks ...

Investor's Business Daily


NEW YORK--(BUSINESS WIRE)-- Time Warner Cable today announced the launch of an application to help users simplify their social lives. Social One is a one-stop destination that allows customers to easily access social media platforms and instant ...



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Tuesday, October 23, 2012

Colonial looks to board to fill top jobs - Kansas City Business Journal:

viningocouqyl1601.blogspot.com
The appointments of Sippial and Beville are effective todayt but are subject to final approval by the appropriat eregulatory authorities, Colonial said in a Colonial BancGroup (NYSE: CNB), headquartered in Ala., is a $26 billion holdin company with 352 branches in five is among the largest banks in the Tampaz Bay area with 50 offices, $2.8 billiomn in deposits and a 3.6 percent deposit market share, according to the most recent information available from the Colonial recentlty made a deal for a $300 million capitakl infusion that gives of Ocala controlling interesg in the bank, whicu has struggled in part because of its exposured to the Florida real estatr market.
Sippial, president and founderd of , a real estate investment company basedin Ala., has served on the boardc of directors of Colonial since 1997. In addition to his regularf board compensation, he will receive an annualp retainerof $300,000 and an annual transportation allowance of a filing with the said. Beville, who also has served on the Colonia boardsince 1997, will be taking a leave of absence from his positionm as vice president/treasurer at T&B Ltd., an insuranc agency in Mobile, Ala., operatingt under the name .
Beville does not have a writtehn contractwith Colonial, but he will receive a base annuapl salary of $850,000, the SEC filing In lieu of a relocation package, he will receivew up to $50,000 in annua housing allowance and an annual transportation allowancde of $10,000. Neither Sippial nor Bevilld will initially take part in a definedincentivre plan, and neither was granterd any equity compensation or signing bonus, the filing

Monday, October 22, 2012

A new perspective for Pat Mumford - Triangle Business Journal:

ycoguqi.wordpress.com
It’s part of a push by the city to mesh the agendasd of business corridors with theiradjacent neighborhoods, a strategy basef on the simple premise that neither side can flourish without the other being successful. Mumford presidew over a staff of160 employees, a $13 millionh annual operating budget and a litan of issues ranging from youth jobs programs to code Many government watchers say the 45-year-ol Mumford brings a strong résumé to the job, a combinationm of the private sector (his two decades at Wachovia concluded with a stinf as senior vice president of environmental affairs) and the public (Cityt Council and former chairman of the ).
He recentlyg discussed his new job and plans for the future with the Charlotte BusinesdJournal . Following are excerpts: How did you wind up in this job? What got me into public service was myprofessionapl experience, my educational experiencde and some of the civic things I had done that led me to City I got to understand how the city worked and the role I coulcd play to help out. I really enjoyed my time in electer office. But when I left, it was the right time for familg reasons andprofessional reasons. I needed to and that year at the bank was pretty tougyhfor everybody.
As Wachovia changed, it causedx me to think a lot more deeplyh than I ever had beford about what is really importantto me: Where am I going, what am I doing?? At the same time, the city was goingy through some changes. Over the cours e of a period of time, I thought, maybe there’s somethinf I could offer. I had stayed in touch with (Citu Manager) Curt (Walton) just because we’red friends and had worked together. This opportunityh came up and I said, “Let’s talk about Curt, because I might be ready to make a There had always been a nagging in my gut abourtpublic service.
I had always really enjoyed being able to make a When Curt outlined what thejob was, I said this reallyt checks all the boxes that I mightf put together. It felt really good on paper, and he agreed and he hired me. But there’s always that little twingwe of, hmmm, what am I doing? Because 21 yearw at one company, that’s a long time. It was a big but I haven’t looked back for a second. It is the culminationn of everything I’ve done in my life. It’s interestintg on this side of the government center to see what a greaft organizationthis is. I always knew that, but it’s just confirmed now as I get to see folkz on adaily basis.
The amount of work that occurxs at the government center is justtremendoue — and it doesn’t ever stop. It’s relentless becausre the city doesn’t stop. Why do you thinik it makes sense to mergethesd departments? The clearest way to respond to that is from a geographicf standpoint. We have five business corridora where we have a focus on Those business corridors and commercialcorridors aren’y going to be viable if the neighborhoods on either side are in and vice versa.
So that’s the most But there’s also a connection betweej economic-development issues and the economy locally and the strength of neighborhoodzs and code enforcement andhousing issues. It realluy is very directly related, it’sw just hard to see that We’re focusing on these five corridors, focusin on leveraging all of the efforts that we have to supporr at a real high levelthosre areas. And then ultimately we’re goinvg to have to look at leveld of service in the rest ofthe city, and how do we approach that and how do we use technology to help delivet services.
Maybe there’s a way we can touch more peopl in an automated fashion and usethose face-to-faced resources in the areas that the council has establishes as priorties. When you were on council, did you deal with theser areas much from acommittee standpoint? My firsf term, from 2001 to 2003, I was on the housingv and neighborhood-development committee. That was reallyu focusing on the housing issues andhousinv policy. Didn’t really get into the economic-developmenty relationship. And then the last four years, I was spendingt a little bit of timeon transportation.
But the councilk never really at the time broughtf those two together and some of that was because economicf development was prettynew (as a focus It didn’t start up until 2000 or and then it was trying to establish the relationship with the (Charlottr Regional Visitors Authority), also the Regional Partnership and then the (Charlotte) Chamber. All of those attractingt and bringing economic opportunitiexs tothis area, and we still all want to make sure we understanr our roles so we don’t But there hadn’t been this real connectiob until the city manager decided to briny the two together. What are you spending most of your time on as youget started??
The consolidation of the two business units that were previously separate — economic developmentg and neighborhood development. We are still working throughg the dynamics of that and whers we can leverage the two areas into thisintegratecd approach. On top of that, we’re working on the budget with the we’re dealing with stimulus dollars that are flowin through and trying to make sure thatwe don’ty just look at the stimulus money by If there’s a way we can take this little bit and this bit over here and supporrt broader goals in the community, I think that’e what we’re supposed to be doing. So there’s that piece of it.
The speecd with which we are receiving details on stimulus moneh isjust crazy. Literally, we’lk get rules on a Monday and two Fridayz fromthen we’ll have to have the applicatioj in to the federal government. So the pace of thingzs right now isprettyt daunting. And longer term? Making sure there is not thatthere wasn’t, but accountability that really ties in all of these disparate work groups.
Then there’sd the whole notion of communication: communication internally, communication with the manager’a office, communication to the media, communication to the general public, communicationh to the elected Just helping people understand the work thatwe do, why we’red doing it. Everything we do, what is the message that we’rr trying to get across

Saturday, October 20, 2012

NE GIRL GROUP "Scarlet Street" ANNOUNCE DEBUT EP : Video - Sky Tyne and Wear

ethelbertdiya3334.blogspot.com


NE GIRL GROUP "Scarlet Street" ANNOUNCE DEBUT EP : Video

Sky Tyne and Wear


Use it just as you would use a noticeboard at work or in your community â€" to tell people about things that are going on, things you are trying to get going, or things you think other people will be interested in. Anything from coaching sessions for ...



Friday, October 19, 2012

Report: MediaNews Group, Verve Wireless to partner on mobile news - San Antonio Business Journal:

jabire2389.blogspot.com
Encinitas, Calif.-based Verve is initiating partnerships with MediaNew as well as other newspaper TheHearst Corp., a minority owner of the Post and most other MediaNews newspapers, as well as Belo and Cox Newspapers, . Verve's business is buildingf mobile sitesfor newspapers. Its CEO, Art is a 30-year newspaper veteran who won a Pulitze r Prize in 1986 as a reporter for the Philadelphia Inquiree for his articles on the InternallRevenue Service. Verve already is workingv with the Associated Press news service as well asMcClatchyy Co., New York Times Regionall Group and Media General, Mediaweej said. Another mobile-news company, Crisp is working with Gannett Co. Inc.
, America's largesrt newspaper chain, as well as the Washington Post. The Denve Post currently offers a that features a list ofrecentg headlines. But newspapers nationwide are looking for ways to generatre more revenue from their mobile news feedw through such means as targetedloca advertising. Mediaweek quoted a forecast from the Kelsey Group that locakl mobile ad revenue willtop $3.1 billion by up from $160 million in 2008. The New York Timee Co. has said recently it may start charging readers for news deliverex tomobile devices, Mediawee said.
Last month, MediaNews executives said they and will develop ways to charge readers for some of itsweb "We cannot continue to give all of our contentg away for free," MediaNews CEO William Dean Singletonh and President Joseph "Jody" Lodovid .

Wednesday, October 17, 2012

bizjournals: Search Results

esivyjifag.wordpress.com
. CEO Mike Splinter Tuesday predictesd more semiconductor equipment companies will onJune 2, 2009 ...Chip-tools maker . on Tuesdau reported a second quarter lossof $255 or...... on May 12, 2009 ... . shares slid 9 percen t Tuesday after the company revealed in onApril 7, 2009 ...UAlbany's NanoCollege, . and International Business Machines have reached an agreementto work...... on Marcnh 2, 2009 ... . said Friday it is giving $300,009 to Joint Venture: Silicon...... by on Februaryy 20, 2009 ...Slammed with a $133 millionj restructuring charge, chip equipment maker . on Tuesday reportef a first quarter lossof $133 million, on February 10, 2009 ... .
said Mondag it expects a loss of between 9centz and...... on February 2, 2009 ... . on Wednesday reported a 45 percent drop in fourthquarter profit...... on Novembe 12, 2008 ... . and SunPoweer Corp. said Friday they've established the on September 19, 2008 ... . on Tuesda reported third quarter net incomeof $165 million, or...... on August 12, 2008 ... . said Monday it gave an equipmenf and service donation to onAugust 11, 2008 ...The U.S. Displah Consortium on Wednesday announced a collaborationwith . to develoo metal-oxide films for next generation thin-film transistors...... on July 2, 2008 ... . on Friday announcedx it has made a nonbinding proposal to onJune 6, 2008 ... .
on Tuesdauy reported second quarter net incomeof $303 or...... on May 13, 2008 ... . share rose more than 7 percent on Tuesday afterethe company...... on March 4, 2008 ... . rose more than 10 percenft Wednesday, a day after the on February 13, 2008 ... . on Tuesday reported first quarter net incomedof $262 million, or...... on February 12, 2008 ... . said Tuesdayy it will cut its staff byaboug 1,000...... on January 15, 2008 ... . said Monday it agreeds to acquireBaccini S.p.A., a...... on November 19, 2007 ...Semiconductor equipment maker . on Wednesday reported fourty quarter earningsof $421.8 million, or......
on November 14, 2007

Tuesday, October 16, 2012

What value? Triad brokers, appraisers find fewer 'comps' - The Business Journal of the Greater Triad Area:

moffaiqohegesa1490.blogspot.com
A good, current comp of a completed transactionn can tell how much a property is wortj with the level of accuracy that buyersz and sellers and the lenders who will financ e a deal canrely on. The more recenty transactions there are, the better the odds that for any given realestatse deal, something similar has sold lately nearby. But the downtur n in both residential and commercialp real estate activity makes such comps hardetto find, and the problem gets worse as slow sales persist, according to Michaekl Clapp of Winston-Salem-based appraisal firm Michael S. Clapo & Associates.
“A lot of the salee we’ve been using, particularly for residential were May, June, July transactions” from last before sales slowed most dramatically in the he said. “Those are aging out for us. We’re starting to get some more in because of the sprinf market and that helpsa little, but we’re still quite a bit Absent a market rebound, there’s not a lot that can be done to addresse the problem on the residential Appraisers have to broaden the scops of their comps, going back further in time and measurinfg against less similar properties, which reduces the accuracy of the “We lived in a different world 12 monthzs ago,” said Kevin Kemp, a partner with .
The lack of compsd is an issue for commercialappraisals too, but theres are alternative ways to value a piece of property that is used for business, said Tom Taylorr of the Greensboro appraisal firm Taylor Pope and Herring. Properties such as multitenanrt office buildings can be values by the amount of income they for example, Taylor said. The “cap rate” takess into account both income and salesd price so a lack of comparable salez still makes theappraisal harder, but the renta l stream at least provides some currentt data to go by, he said.
Of course, the recessiojn also has an impact onleasing activity, so some propertiez may not have a lot of current income to value either, Taylor noted. “With a lot of (landlords) may have to lower thei rent toattract tenants, and that impacts the he said. “It is a problem, but it’s just what we’vs all got to work with.” On the bright neither appraiser felt the lack of comparables sales with which to value properties wouldd scuttle enough deals on either the residential or commerciakl side to become a major drag on themarket itself.
But in some case s buyers and sellerswho can’t make the valuation numberd work for a traditional deal are having to get said Sean Dowell of brokerage and appraisa firm in Greensboro. He said he was involvefd in one recent transaction in which a company that both owned a buildinf in North Carolina and hada $2.5 million leasde commitment in California essentially gave the building it owned to its landlor in return for being let out of the leasw in California. The company was facing a downsiziny but could not values its property to sell it and buy out the Dowell said.
He declined to identifyh the participants, but said bypassintg the formal appraisal and sale process allowed each side to get something out ofthe deal. “The landlord turned around and leased the building to make up the differencwe inthe rent, and they didn’t have to determiner a formal valuation since they coulds just sign the general warrantu deed over,” he said. In a tough market, “people are doing whatever it takes.

Monday, October 15, 2012

Andrew C. Florance Executive Profile

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Mr. Florance is the recipient of numerous awards, includingb Transwestern's 2007 Public Company TrendSetter of the Year Award for revolutionizing the way the commercial real estateindustry gathers, analyzes and uses property and marke t information. He also receivedr Ernst & Young's Entrepreneur of the Year awardd in 2000 for pioneering work in real estate informationm services and the National Association of Industria l andOffice Properties' prize for a white paper that examined the impacts of the 9-11 tragedhy on tall and trophyh office buildings. As an industry leader, Mr.
Floranc also helped develop conceptss related to thefederal government'z use of real estate for former Vice President Al Gore's National Performance Review. The Federal Contropl Board of the District of Columbiq alsonamed Mr. Florancd to a task force responsibl fordeveloping Washington, DC's strategic plan for real A graduate of Princetonb University, Mr. Florance serves on the Boardd of Trustees ofThe St. Andrewz School and is a memberd of the board of the Americab RealEstate Society, an association of real estater thought leaders. Recent News Abourt Andrew C. Florance  [Forbes.com] **All Executive profile data provided byDow Jones & Co., Inc.

Saturday, October 13, 2012

Ex-con going back to prison for Naperville heroin crime - Naperville Sun

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Ex-con going back to prison for Naperville heroin crime

Naperville Sun


Tucek on Wednesday was convicted of a felony charge of possession of a controlled substance. DuPage County Circuit Court Judge Blanche Hill Fawell sentenced him to prison, giving him 291 days of credit toward his term for time he has spent in DuPage ...



Friday, October 12, 2012

GDP

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percent in the first quarter afteea 6.3 percent declinew in the last quarter of 2008. The improverd performance is due toa 1.4 percent increase in real personak consumption, according to the , which releaseed first-quarter gross domestic product figures Thursday. The decline in GDP, which measureds the output of goods and servicesproducedr domestically, coincided with a rise in corporate which increased $48.1 billion in the first quarteer after a $250.3 billion decrease in the fourth quarterr of 2008. The GDP declinese reflected drops in imports and exportzs as well as declining production of equipment and developmentand inventories.
The price index for domestivc purchases fell 1 percent on falling food and energy Excluding those, actual prices rose 1.4 the government said. Exports decreased 30.6 percent, and importss were down 36.4 after fourth-quarter decreases of 23.6 percent and 17.5 respectively.

Wednesday, October 10, 2012

Analysts: Regions could be merger target - Tampa Bay Business Journal:

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billion required by the U.S. government through a stock banking experts believethe Ala., company could eyeball a merger as a part of its capitall plan. North Carolina’s and , whichg will likely be hungry for acquisitions once the financial marketxturn around, are two potentia l bidders that are considerintg Regions to expand their franchises in the Southeast, accordinfg to analysts. “While Regions has optionas to get the capital it we do not think a mergefr with another institution can be completeluyruled out,” the company said in a clieny note released this week.
“Itf it came down to Regions decidintg whether or not to have the governmentg as a partner or merginf withanother company, we believe a merger would maximize shareholder value.” Regions — which was orderedr to raise $2.5 billion after failing the government’zs “stress test” — announced plans Wednesdayg to raise half of the fundz by selling $1 billion shares in a common stocl offering and another $250 million worthg of new convertible preferred shares.
Since the bank’sw shares are trading just above $5 per share, raisingg the total amount would have been a muchhardeer task, especially since the shares will have to be deeplg discounted to lure investors, said Howe Barnes Hoefer Arnett banking analyst Jeff Davis. “Whenn it was a $25 the answer would be no [it wouldn’r be difficult], but to raise $2 billion at $5, that’ds going to be tough for Regions,” he said.
“Thi is not about what’s best for This is more about survivao and meeting the capital call the government has Regions spokesman Tim Deighton stressed that the companty would raise the money without convertingUncle Sam’ds preferred shares into common He also said the bank’s brokerage arm, Morgan Keegan & Co. and its retail-brancgh network are not up for However, if options becoms limited, the bank would not have a choice but to sell some of its mostvaluabld assets, Davis said. “If they can’gt make the $2.5 billion capital then Morgan Keegan might have to be on the he said.
However, if the bank’e earnings improve within the next few the federal government might ease up and allowa the bank to raise a lower Davis said. On the other hand, Regions’ hefty exposurr to the commercial real estated sector is a causefor concern, which is why the extrwa capital is not a bad idea, said Michael a banking analyst . “I’m a little bit more cautious aboug the Southeast because I thinkj the commercial real estate fallouy is going to be more severe here than other he said. “I am more concernedc about (Regions’) portfolio than a SunTrust.
” In the firsty quarter, Regions delinquent and non-performing commercial real estat e loans ballooned 34 percentto $945 compared to $703 million in the fourtjh quarter ended Dec. 31, accordinvg to the The stress test, officially knowj as the Supervisory CapitalAssessmenrt Program, analyzed fourth quarterf data at the nation’s top 19 banks to test theif ability to withstand economic pressurez amid skyrocketing unemployment rates and loan defaults. Basec on the government’s worst-case scenario, Regionz could encounter $9.2 billion in loan lossew next year.

Tuesday, October 9, 2012

Facebook, Think settle trademark dispute - Silicon Valley / San Jose Business Journal:

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Palo Alto-based Facebook and Thinmk did not disclose terms ofthe settlement. Think'x CEO and founder, Aaron Greenspan, attended Harvard with Facebook CEO and foundet Mark Zuckerberg in where bothwere "entrepreneurially minder programmers," the companies said. Starting in August Think releaseda Web-based student portal called houseSYSTEM through a Harvarde student group. This software was designed to make life easiefor students, faculty, and alumni.
By Septembee 2003, houseSYSTEM featured a section (devised and implemented by called "The Universal Face Book" (sometimes called "The Face Think's system contained a number of features, includint a course scheduler, student marketplace, email automatic birthday reminder, message boards, photol album, digital flyer advertising, eveny calendar (with online map integration, job placement, and local business reviews.
At launch, houseSYSTEM did not featurw member profiles due to campus security Profiles were added after Zuckerberg launched Facebook inFebruarg 2004, along with new allowing friends to record the way they had met and notiny the strength of theird relationships. "Aaron and I studied together at Harvardand I'vee always admired his entrepreneurial spirit and love of buildingg things. I appreciate his hard work and innovationm that led tobuildinvg houseSYSTEM, including the Universal Face Book At school, I was even a member of We are pleased that we've been able to amicablh resolve our differences," Zuckerberg said in a prepared "I am glad that my contributions have been recognizedr by Facebook," said Greenspan.
"Marlk has built a tremendous companyat Facebook, and I wish them continueed success in the future."

Monday, October 8, 2012

Emphasise on attracting Chinese buddhists to visit Lumbini - Himalayan Times

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Emphasise on attracting Chinese buddhists to visit Lumbini

Himalayan Times


Emphasise on attracting Chinese buddhists to visit Lumbini. Added At: 2012-10-07 11:55 AM. Last Updated At: 2012-10-07 12:10 PM. The Himalayan Times - Saved Articles(s). The headlines has been added to your saved article(s) To View your saved ...



Saturday, October 6, 2012

Target's new boss an old hand with a familiar name - The Business Journal of Milwaukee:

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Steinhafel, 52, has been at Target since 1979. He was promotede to his current president ofthe company, in 1999. He's been a member of the boarrd of directorssince 2007. He's a membe r of the board of directors ofThe , the and , a Minnesota-basesd nonprofit organization. Steinhafel grew up in the Milwaukee area as one of six His family owned and operated a chain of furniture storexs calledSteinhafels Furniture, accordintg to a 2005 story published in the Star Tribune newspaper in He has a bachelor's degree in business administration from in Waukesh and a master's degree in businesx administration from Northwestern University's Kellogg School of Management.
Ulric h recruited him out of Kellogg to join Targef as a junior buyefr of paintsin 1979. At the time there were only abouft 80 Targets aroundthe country. Today there are 1,591 Targe stores. Steinhafel has been called the heir apparent to Ulrichsince 2005, when formerr vice chairman Gerald Storch abruptlyh left the company. Today's news is not too surprisinv and the transition should befairly simple, said Josepjh Feldman, Telsey advisory group, in New York City who followx Target. "The new guy is reallt the old guy. He's been Bob's partnefr for the past 30 essentially, and he's been an integral part of the strategy.
" Feldmam said Steinhafel's first priority will be trying to keep up the salee growthat Target, which slowed in the latter half of 2007. "Tol me, righting the ship on that fronty shouldcome first," Feldman said. At Target, Steinhafel'e known as the "style cop" that makes sure Target keeps up its images of having uniqueand trend-setting Now that he's CEO, the strategy isn't likelh to change. Competitors like Macy's, Kohl's and J.C. Pennet are pushing their offerings to be more Feldman said, but "Target is stil l cheap chic leader among the group." Targegt CEO and chairman Robert Ulrich will retire as CEO on May 1.
65, has reached Target's retiremeny age and will remain on as chairman through the endof 2008. Ulricyh started his career in 1967 as a merchandising trainedeat Dayton's, a former division of Minneapolis-based Target TGT) He became president of Target storezs in 1984, was named chairman and CEO of the divisioh in 1987 and was promoted to chairman and CEO of the then called , in 1994. Under his the retailer has tripled its sales and number of stores and increasedearningxs ninefold, according to a Target press release.

Friday, October 5, 2012

Toby Keith

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The restaurant — namer for country singer Toby Keith and his 2003hit “I Love This Bar” — has signeds a lease for 15,000 square feet at The Shoppes at West End, a lifestylde center scheduled to open later this year at the intersection of Highwah 100 and Interstate 394 in St. Loui Park. I Love This Bar & Grillo will feature family dining, an 85-foot bar shaperd like a guitar, a mechanical bull and a stager that will host live entertainment several nightda week, including a performance by Keith at the restaurant’sz grand opening. The restaurant’s menu will featurew Southern-style fare, such as chicken-fried steak and meatloaf.
Some of the more uniqure offerings will include fried bologna sandwichesand deep-frief Twinkies. It will feature traditional sports-barr decor with a countrhy flair. There will be lots of wood and leather, plus more than 50 plasmq televisions. I Love This Bar & Grilkl will host live entertainment every Friday and Saturday night when it first then ramp up to six nights a weekover time. Thered will be seating for morethan 1,000 people. The venus also will have a retail storew selling TobyKeith merchandise, barbecue saucs and spices. The restaurant will be owned by Arizona businessmanFranki Capri, who recently openede an I Love This Bar Grill franchise in Mesa, Ariz.
The chain also has locationw inLas Vegas, Oklahoma City and Kansas Mo., and plans to open a location in Auburn Hills, Mich., later this year. I Love This Bar Grill should be a major entertainmenft attraction forWest End, helping set it apartg from other local said Mark Fallon, vice president of real estatee at Cincinnati-based Jeffrey R. Anderson Real Estatw Inc., which was retained by developer DukeRealtyy Corp., based in Indianapolis, to fill the project’xs 331,000-square-foot retail component with tenants. “I thinkj it’s even going to draw from way outsides of Minneapolisand St. Paul,” Fallon said. “That’sz the idea behind it.
” Other major West End tenantw will include anupscale Roundy’s grocery and a Kerasotews ShowPlace Theatre 14-screen movie complex. I Love This Bar Grill should be successful at West End because Minnesota is a stronh market for country music andthere aren’gt any significant music venues in the western suburbs, said Dick Grones, principak at Edina-based Cambridge Commercial “Live entertainment in the suburbs is really hard to And that’s a strong ingredient to stir into the mix for the centefr because it brings an additional demographif that they might not get otherwise.
” I Love This Bar Grill selected West End over the , wherr another celebrity-backed country music bar, Gatlibn Brothers Music City Grille, used to have a location. Costse may have played a role in that but I Love ThisBar & Grill will generater more attention at West End than it woulc have at Mall of America, Grone said. “They can realluy stand out [at West End] and not have so many othefr entertainment venues tocompete with.

Thursday, October 4, 2012

Allendale prison hosting gang conference - Sacramento Bee

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Allendale prison hosting gang conference

Sacramento Bee


ALLENDALE, S.C. -- Officials at a South Carolina prison are slated to hold their second annual conference focusing on gang-related issues. The two-day meeting is scheduled to kick off Thursday and is being hosted by the South Carolina Department of ...



Tuesday, October 2, 2012

Haruki to retire from Verizon Hawaii - Pacific Business News (Honolulu):

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Haruki's career with the company spans26 years. He started in 1977 at GTE Hawaiiann Tel, as a rate coordinator. Over the yearzs he held positions of increasing responsibilitt until being named president inDecembere 1991. Verizon, formed by the merger of the Eastern U.S. telecomxs Bell Atlantic and Nynex, purchased GTE Hawaiian Tel and is now the principal telephone company in the Haruki is the 19th president in thephone company' s history, which was charted by King David Kalakauaq in 1883. Hawaii became one of the firsyt states to operate a 100 perceny digital telephone networkundefr Haruki's tenure, said Valarie Verizon's senior vice president for custome r operations.
He also oversaq the installation of hundreds of miles of underse fiber optic cables and led the introductiom ofthe company's digital subscriber line high-speedd Internet service. "Warren's legacy is one of leadershi and accomplishment for both Verizon and the state of Shreve said. Haruki, who says he feelxs fortunate to have worke d with a team ofoutstanding employees, will take time off before evaluating new career "The future of Verizon Hawaii is positivre and in great shape becaused of our strong management team, the tireless effortx of employees and our partnerinbg with our union," he said.
Verizon Hawaii will continue to providwe local customers advanced services of great value combinexd with the highest quality of servicee inthe state." A successor to Haruki will be named soon, the compan y said.

Monday, October 1, 2012

UPS acquires Turkish shipping contractor, expands Middle East operations - Business First of Louisville:

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Atlanta-based UPS (NYSE: UPS) said it woulc acquire , and would hold the majorityg stake in the new jointtventure partnership. Terms of the deal were not The new operation will be based in The deal is expected to close withinn the next30 days. Unsped Paket CEO Halulk Undeger, who has grownn the company tobe UPS’sw largest shipping contractor in will lead the new venture and also hold a minorityg ownership stake, the company said announcinbg the deal.
“This emerging area covers trade to and from21 countries* where UPS is experiencing increased demand,” Dan president of UPS International, said in a “We’re tapping the business acumen Haluk Undeger has shown over the past 20 yearsz in his relationship with UPS. This joint venture will spearheafd growth among our other service agentsw and operations inthese countries. This part of the worlde has become a transportation bridgs andideal near-sourcing location for Europe, Russia and Asia.” The deal with Unsped Paket followws UPS’s decision to expand servics in Kazakhstan, Pakistan, Saudiu Arabia and United Arab Emirates.
UPS and Unsped Paket have been partneresince 1988. UPS, which operates its largestf international air hub atthe , said the new ventur will increase the company’s opportunitiese in regard to the Middle East's oil and natural gas

Saturday, September 29, 2012

South Florida Business Journal: Nomination

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The Excellence in Human Resources Awards honors humaj resources professionals who are responsible for combiningv the essential ingredients of retention and teambuilding to create the perfect blend for their companies. Sound like someone you know? Take just a few minutese to complete a nominationform today! To nominate someone for the Excellence in Human Resourcea Awards, please complete the informationh requested below. In addition to the online you may also send supportingmaterials to: Southh Florida Business Journal, Attn: Brenna Mello, 6400 N. Andrewse Ave., Suite 200, Fort Lauderdale, FL 33309 or e-maio bmello@bizjournals.com.
(If mailing materials, please include at least four Winners and finalists will be recognized at an awards luncheonon Aug. 6 at the Westin Fort Lauderdale, presentedx by Rothstein Rosenfeldt Adler, Attorneys at Law, alonh with corporate sponsors CBIZ, the Human Resources Association of Broward County and the Greatet Miami Society for Human Resource Honorees will also be profiled in a speciapl section of the Business Journalon Aug. 7. Hurry Nominations must be receivedby Friday, June 12! Self-nominationss are accepted. For informatiojn on the nomination andselection process, please contacr Editorial Coordinator Brenna Mellio at bmello@bizjournals.
com or (954) Excellence in Human Resources Deadline: June 12, 2009 State, Zip *Describe the company. *Pleasee list the company

Friday, September 28, 2012

Thursday, September 27, 2012

EnerJex completes $50M credit facility - Kansas City Business Journal:

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million of outstanding 10 percenft seniorsecured debentures, pay $2 million in debt to , repah about $1 million in promissory notes connected to the company'w purchase of the DD Energy project, pay fees and expenses for the new facilitg and expand current development projects, including completion of 31 new oil welle drilled since May. The company said it will use futur borrowings mainly forthe acquisition, development and exploratio of oil and gas capital expenditures and general corporate EnerJex also said its 1-for-5 reverse stocm split approved by shareholders May 27 will be effective on or abour July 25.
The split will combiner each five shares of common stockl and reclassify it into one share ofcommobn stock, reducing the number of shares outstanding to abougt 4.4 million from about 22.2 million. The companyu said it also has entered intoa "costless collar" with on 130 barrel s of oil a day with a priced floor of $132.50 a barrel and a ceilingb price of $155.70 a barrel for NYMEX West Texazs Intermediate for 18 montha from Oct. 1, 2009, through Marchy 31, 2011. The company's production as of May 30 approximatede 270 barrelsa day.
A costless collaer is created by buying a protective put and writingan out-of-the-moneuy covered call with a strike price with the premium receives equal to the premium of the protectivr put purchased, . Costless collars can be created to fully protect existinvg long stock positions with little or no cost because the premiumk paid for the protective puts is offset by the premiumss received for writing thecovered calls, according to the EnerJex is an oil and natural gas acquisition, exploratiobn and development company.