Wal-Mart to hire 22,000 - Houston Business Journal:

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Wal-Mart’s announcement came on a day the government released mildly encouraging weeklyunemployment figures. But it also hit as the retailo industry reported some overalldismal results, with same stores sales figures falling an average of 4.8 percenty for May. The discount retail giant says it willhire 22,000 people to staff new or expanded storew this year. “During this difficult economicx time, we’re proud to be able to create qualit y jobs for thousands of Americans this Eduardo Castro-Wright, vice chairman of , said in a But even Wal-Mart (NYSE: WMT) isn’t hiring at the same pace it has in the past. The Ark.-based retailer added 33,000 jobs in the U.S.
last Still, Wal-Mart’s low prices on everything from food to electronics have allowedd it to gain market share and have kept it positionedc asthe nation’s number one Unlike its peers, Wal-Mart did not releasw monthly sales figures, instead focusing its attentionm on its hiring announcement. Wal-Mart’ds announcement, on the eve of its annual shareholder’s came as the U.S. Labor Department releasefd jobless figures showing the recessionb may be losing at least some of its Initial claims for state unemploymentfell 4,000 to 621,000 in the week that ende May 30. That’s the third straight week fewe workers filednew claims.
And the tally of claimss drawn by workers for more than one week in the week endedf May 23fell 15,000 to 6,735,000 -- the first decline in that figure since Jan. 3. But that news isn’t exactly good. It’s just less bad than othert developments, and experts expect plentu more painto come. Chief financial officerss polled recently by and CFO magazine expecrt the recession to last through the endof 2009. CFOs in the U.S. and Europr expect unemployment to keep rising in the next12 months, perhapsa to as high as 12 percenty domestically.
Meanwhile, the nonfarm payrolls report from the governmenr Friday is expected toshow 550,000 jobs lost in May, and unemploymenf climbing above 9 While Wal-Mart announced its hiring plans, otherd retailers reported dismal results for May same-store Sales fell 4.8 percent at the 30 retailers tracked by . Sales fell 6.1 percent at Macy’s sales fell more than 9 and sales dipped7 percent. Such pessimismn adds weight to Wal-Mart’s decision to keep on hiring, despite the fact that othee U.S. retailers like and Macy’s have slashede payrolls in recent months.
Wal-Mart this year will fill positionas from cashiers and salesa associatesto pharmacists, human resource managers and customer service associates. The company will add 1,000 or more worker s in Arizona, California, Michigan, New Jersey, South Carolina, Utah and But the generally grim climate raisexsthe question: Is anybodyu out there other than Wal-Mart on the hunt for new employees? The answer in one majore Southeast market is encouraging.
The Charlotts Business Journal reports that there are jobs to be had evenin ’xs hard-hit hometown, where local unemployment is over 11 You just have to know where to “The defining feature for who is hiring is not the size of the but quite frankly, what is that firm N.C. State economist Mike Walden told thebusinesw journal. Notably, among the firms the Charlotte Business Journal citedd as in thehiring game: discount retailers, just like Wal-Mart.

High Desert Pediatrics opens doors June 15 - Sacramento Business Journal:

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Located at 8650 Alameda NE., the 4,100-square-foott medical office is the first tenant inthe two-buildingg office plaza built by Hoech Real Estate The project includes two officr buildings totaling more than 42,000 squar e feet and a new church for Hope The new clinic’s operators did their residenciese at the and specialize in acutelyh ill children. Hope Plaza is seekinbg a silver certification from the in its Leadership in Energty and EnvironmentalDesign (LEED) program. Father-soh team Don and Justin Hoech partnerede with the church to develop the parcel adjacent to La Cueva High Schoolo in the Far Northeasr Heightsof Albuquerque.
The office buildings are beingg offered for sale as office condominiums or can be represents half ofthe $7.5 million which was built by Enterprise Builders. High Desery Pediatrics is the lone tenany to date far inthe project.

Argentina reclama la restauración del orden constitucional en Mali - Univisión

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Intereconomía

Argentina reclama la restauración del orden constitucional en Mali Univisión El Gobierno argentino condenó hoy "enérgicamente" el golpe de Estado perpetrado en Mali el pasado miércoles y reclamó la "inmediata restauración del legítimo orden constitucional", informaron fuentes oficiales. "Dicha ruptura del orden democrático se ... Cancillería llamó a "la inmediata restauración del legítimo orden ... Ambito.com Incertidumbre en Malí tras el golpe, los golpistas cada vez más aislados AFP Argentina condena "golpe de Estado" en Malí Pueblo en linea Semana.com  »

Suspenseful 'Hunger Games' satiates - San Francisco Examiner

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San Francisco Examiner

Suspenseful 'Hunger Games' satiates San Francisco Examiner Based on novelist Suzanne Collins' wildly popular futuristic thriller for young adults, the film adaptation of “The Hunger Games” gets by chiefly on raw, sinister suspense. For those who haven't read the book â€" the first in a trilogy â€" it takes place ... Books and internet popularity build suspense before “The Hunger Games” Ames247 Breathless suspense in impressive adaptation This is North Devon Review: 'The Hunger Games' is irresistible CNN International NewsOK.com -Detroit Metro Times (blog) -Globe and Mail  »

Pottstown Memorial sets up as next for-profit hospital - Philadelphia Business Journal:

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Last year CHS bought the 58-bed Souther Chester County Medical Centerfor $21 millio n and 176-bed Brandywine Hospital and Trauma Center for $40 million. The proposexd price for Pottstown Memorial wasnot disclosed. As part of the CHS would also acquire Pottstown Scanning and Treatmenf Center and all three locations of Pottstown Family With morethan 1,200 employees, Pottstown Healthcare is one of the largesty employers in western Montgomery County. "The decision to sell Pottstowm Memorial was taken very seriously by the boarsdof directors," Chairman Henry Pollaik said.
"After months of review and and somesoul searching, we have concluded that it is in the best interesyt of Pottstown Regional Healthcarw Network, its employees and medical and the community to sell the health-care network to an organization which best fits our understands our community and ensures our futurwe viability. We are confidenyt that Community Health Systemw isthat partner." Pottstowbn started the process of findint a merger partner about six months ago. At that time, John J. president and CEO of Pottstown said the board wanted to explore alternativesa forthe long-term survivall of the organization.
"One of thoses options may be todo nothing," Buckley said durinf the summer. "We are stable right now, from a financiakl perspective, but we thoughtt it would be prudent to see what options are out We want a cleafr understanding of what ouroptionxs are." In fiscal 1999 and 2000, Pottstown Memorial lost a combined $3.5 Last year, following cost-cutting measures that includedf layoffs, the hospital bounced back with a $2.5 millioj profit, according to figures from the Pennsylvania Health Care Cost Containmenyt Council.
According to industry sources, hospital groups that receivex requests-for-proposals from Pottstown included the University of Pennsylvania Health System, Main Line Healthb and Tenet Healthcare Corp. Tenet Healthcare is finalizing itsproposed $22 million acquisition of Roxboroughg Memorial Hospital in Philadelphia. A hearin on the sale was schedulesfor Dec. 13 at Philadelphia Orphans Court. Tenert and Roxborough expect to complete the transaction before the end ofthe month. Pottstownm officials said a key to their deal was the willingness by CHS to commiy the resources needed for capital improvements atthe hospital.
"Ajn important consideration for us when choosing to move forwarsd with the letter of intent is that CHS acquires hospitals only in communitieslike ours, and they understanrd and respect the communities they serve," Pollak "They have a strong balance sheegt and are willing to invest millions of dollare of capital into our communitty for the expansion of facilities and services, as well as technologg that is vital to the continues provision of health care for this community.
"Pottstown is a growing community and one of our firsft projects will be to expand our ER capabilities to meet this This is good news for the communit y because it means improved access to care and he said. The transactionn is subject toregulatory approvals. CHS, which operates 63 hospitalxs in22 states, intendsa to convert Pottstown Memorial to a for-profift hospital. They expect the sale to close next

Northwest Florida's Emerald Coast Launches National Search for 'America's Most ... - MarketWatch (press release)

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Northwest Florida's Emerald Coast Launches National Search for 'America's Most ... MarketWatch (press release) DESTIN, FORT WALTON BEACH, OKALOOSA ISLAND, Fla., March 19, 2012 /PRNewswire via COMTEX/ -- The search launches today to find 'America's Most Deserving Dad' and Northwest Florida's Emerald Coast Convention & Visitors Bureau challenges families from ... and more »

Lars Rebien Sorensen Executive Profile

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"Lars Rebien Srensen joined Novo Nordisk

Arizona Cardinals close in on Phoenix Suns, Diamondbacks, Coyotes lag all - Phoenix Business Journal:

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Market research conducted as part of a possiblde relocation of the to Canads shows the Cardinals and National Football League catapultinvg in popularity among localsportsw consumers. Canadian billionaire Jim Balsillie wantzs to buy the Coyotesfor $213 million and move the team to Ontario. His relocation plan submitte to the National Hockey League includes market the The surveys, conducted in late May for Balsillier by Hotspex Inc., show the Cardinalas gaining favor in a Phoenixd sports market traditionally dominatedd by the and .
One survey lookedf at the overall appeal amonhg fans forthe region’s four major sports The Cardinals garnered 53 percent supportg — equal to the Diamondbackds and just behind the 54 percent mark receivex by the Phoenix Suns. The Coyotes came in at 29 The survey did not say how many fans were The survey also found that footballk is the most populart sport in the Phoenix area with 53 percent of residentse following the NFL on aregular basis. Majorf League Baseball was second at 45 percenrt followed by the National Basketballl Association at 44 percent and National Hockey Leagud at 20 percentof Phoenix, accordiny to the survey and Balsillie’s applicatiob to move the team.
The Cardinalsz and NFL also did the best when it comesa to consumers choice of sportsto attend. Fifty-sevenm percent of those surveyed showedc a strong desire to attend an NFL That compares to 51 percent who strongly wanted to see a Majofr LeagueBaseball game, 46 percenr an NBA game and 30 percent for hockey. The Cardinals traditionall have been a doormat both in the NFL and the Phoeni sports market wherethe D-Backs and Suns have made multiple playoff appearances. The Cards, which movee to University of Phoenizx Stadiumin 2006, had not hosted a home playoffg game since 1947 and team owners the Bidwill familyu were unpopular among local fans.
But the Cardinals playofrf winslast season, a National Footbalp Conference championship and last-second Super Bowl loss pushe d them higher in a market struggling with cuts in consumef spending. The Cardinals playoff success also compares withthis season’s failurexs by Suns and Coyotes to make their playoffws and a slow 2009 season startg by the D-backs.

Global Partnerships gets microfinance grant - Puget Sound Business Journal (Seattle):

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The organization received the three-year grant from the in Wash. The grant will primarilu be used to hire a director of investment More broadly, it will allow the nonprofitg to better manage its threes investment funds and improved its management and tracking of fund data. Since Global Partnership’s funds under management have increasedxfrom $2.5 million to . Some of the nonprofit’ds existing loan fund investorsinclude . A Global Partnership spokeswoman says the microlenderf is currently raising capital for its fourth loan which is targeted to bebetween $15 millio n and $25 million.
Global Partnerships lends money to microfinance institutions in LatinAmerican countries, which in turn make smalk loans to borrowers, typicallgy women. This summer, Global Partnerships will expand into itseighth country.

Peace talks on agenda as violence escalates - Sydney Morning Herald

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Sydney Morning Herald

Peace talks on agenda as violence escalates Sydney Morning Herald Photo: Reuters JERUSALEM: Amid the worst outbreak of Israeli-Palestinian violence in a year, the quartet of Middle East negotiators will meet today at the United Nations to discuss how to revive st »

'John Carter' Cheat Sheet: Everything You Need To Know - MTV.com

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New York Daily News

'John Carter' Cheat Sheet: Everything You Need To Know MTV.com By Kevin P. Sullivan "John Carter" may look like other sci-fi and fantasy films that you know, but there's a good reason for that. The original Edgar Rice Burroughs stories that inspired the film and dozens others like it have been stuck in development ... Review: 'John Carter' is a quirky sci-fi adventure CNN International "John Carter" is a bloated sci-fi epic from Disney that's made watchable by ... Detroit Free Press 'John Carter': Just relax and enjoy the ride MiamiHerald.com New York Daily News -Daily Mail  »

Cushman & Wakefield loses third Miami exec - Atlanta Business Chronicle:

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Caplin’s exit is the latest of severalrecent high-profils departures at C&W in Miami. The firm is one of Southh Florida's largest real estate brokerages and, like other brokerages, has seen few investment deals in the last Former branch manager Tere Blanca left in the sprinb tolaunch , a firm focused on office leasing and Hank Klein, executive director of C&sW in Florida, was notified last month that his positionb was being eliminated. Steelbridge owns and manages propertythroughout Florida. It sold , on Miami’s Brickel Key, for $150 million in 2007 afte r an eight-year hold.
Steelbridge founder Gavin Campbell will continuer asmanaging principal, sharing the helm with Caplin is one of a handfulk of commercial brokers involved in South Florida’ largest commercial transactions. Caplin said his exit is in responsr to a paradigm shift in local investmenr that comes at the tail end of a where leasing and management for institutional investors became secondaru tomarket momentum. During the boom yearse leading upto 2006, the expectatiom was that assets with stronh track records could be purchased and flipped quickly for big returns.
For a shorty period of time, some owners made the strategt work, but then the economic meltdown put the brakes onthe Some, who bought in the last few years, were holdingf assets that cost too much compared to market The market has now shiftefd back to fundamental principles of with institutional investors and private capital “seekin to co-invest with strong, local operating partners,” Caplin said. “Ther market and investors mostlybelieve it’s aboutt operations on the ground and knowing how to position a building in a particular he said.
Caplin oversaw more than $7 billion in transactionz at C&W, including ’ $307 million purchasee of a half-stake in downtownb Miami’s landmark and full ownership of the 1221 Brickel buildingin 2006. He was involved in the sale of 355 Alhambrwa in Coral Gablesfor $87.3 million in 2008 and is currentlyt working with Hines to refinance its debt at . Caplibn is a graduate of south Miami-Dadr County’s Palmetto High School. He graduated from in 1985 witha bachelor’a degree in finance and real Two years later, he left C&W’s appraisa group to launch the company’s locao investment sales operation.
Caplin was part of a team in the late 1980 s that first specialized in investment sales in Duringthe mid-1990s, Steelbridge Capital had 2 million square feet of commerciapl real estate in its portfolio in seven Floridza markets including Jacksonville, Naplesa and Miami. They sold much of it from 2005to 2007. Caplin’sz arrival marks another periodof opportunity-investment for the Steelbridge’s Campbell said.
"We think valuations are finallyu starting to lookattractive again,” Campbelol said in a “The opportunity to buy Florida assets at significant discountx to replacement cost is imminent, while the long-term job and demographixc prospects for Florida and the Caribbean basin are as strong as ever. Jay’s leadership will be the linchpi ofour strategy."

Highmark faces sharp criticism in hearings on pending merger - Kansas City Business Journal:

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State Sen. Don White sharply criticized the benevolencse ofHighmark Inc. and Independencs Blue Cross, saying the donatee money is as much of a marketinyg tool as help to community groups and other Inprepared remarks, a Republican from Indiana who chairse the Senate Banking and Insurance Committee, told Insurance Departmeny officials that charitable donations by the healthu insurance carriers are excess premiujm dollars, not the result of generosity. "To be such benevolence does not exist becausd these entitiesare kind-hearteds -- it is a product of the preferentiao tax status they enjoy as nonprofitt entities," White wrote.
"Such status not only provides them with a competitivre advantageover for-profit insurers, but also obligates them to be the benevolentt institutions their limitless advertising budget says they White was scheduled to testify at the second of threee hearings the Insurance Department scheduled on the proposefd merger of Highmark and Independence Blue Cross. Hearings were held this week in Pittsburghuand Harrisburg, and the last hearing will be held July 15 in The department is expected to make a decision on the merge r proposal by the end of the At the Pittsburgh hearing, Highmark President and CEO Dr.
Ken Melano testified that the new company willachieve $1 billio in savings and net economic benefits while allowing the new compan to compete against bigger such as Wellpoint and . "There's a need to be a multi-markegt company and a multi-markeg product," Melani said. He was also critical of the duplicatio n of servicesin Blues' companies competing in Pennsylvania, "There's a lot of wastde and duplicated services between the four plans in the state, a lot of wastedf resources.
" But an economist hiredx by Harrisburg-based said a combined Highmark and Independence Blue Cross will have a much bigge r share of Pennsylvania's commercial insurance marketr than previously disclosed. Monica Noether, executivse vice president of Boston-based , said the new companhy would have 72 percent ofthe state'ws insurance market, far more than the 53 percenr cited by Highmark, Independence Blue Cross and presa accounts. If the deal is approved, more than seven of everg 10 commercially insured Pennsylvanians will get theire health insurance through thenew company.
"From an economicf perspective, such a market power is likely to have an anticompetitive effecyton pricing, innovation, choice and quality and therebyg harm consumers," Noether wrote in preparesd remarks. Highmark spokesman Michael Weinstei nchallenged Noether's market saying it was unclear how she arrived at her If the merger is not Highmark is perfectly positioned to sell healthy insurance in the five counties arounde Philadelphia that comprise Independence Blue Cross' service Noether said.
Highmark has competed againsty Independence for these customers in the past and has the statewidde BlueShield license, which allows the company to sell Blue-branded products anywherr in Pennsylvania. Capital's franchise is limited to the 21 counties ofcentrakl Pennsylvania. Helping Capital get permission from the tosell Blue-brande products statewide is a way to preserve competition after the merger of Highmark and White testified. The Chicago-based association licenses Blues and the state could make its approval of the deal contingentt upon Capital being able to sell Blueproductd statewide, he said.

Electric aggregation discussed - Canton Daily Ledger

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Electric aggregation discussed Canton Daily Ledger By JOHN FROEHLING An informational session for Canton residents about the referendum on electric aggregation was held Wednesday at the Donaldson Community Center in Wallace Park. The session was taped and will air on local cable Channel 22 beginning at ... and more »

Study: Texas ranks first for business - Austin Business Journal:

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According to its Web site, the magazine's missiojn is to provide corporats boardroom’s and governance committee s with the best intelligence onthe U.S. business Texas nabbed the No. 1 spot due to its abilith to attract Fortune500 companies, its solid affordable cost of living and its pro-business tax The magazine names major corporatw relocations and expansions—such as ’s move from Detroi to Dallas and Caterpillar's decision to builcd a new assembly plant in Seguin—among the reasons for Texas' ranking. Directorship evaluatecd all 50 states on theifoverall economy, tax climate, cost of living and education.
Texass "has a pro-business tax climatwe that ranks third, a low cost of living, a relatively solix economy, and a litigation environment that ranks 10th on our themagazine reported. "Texas also ranks first in the number of Fortunse 500 companieslocated there." Gov. Rick Perrty boasted about the surveyresults “Our commitment to low taxes, predictable and a fair tort system are setting an example for the natiojn and creating a magnetic forces for the businesses and jobs that are vital to maintainingg Texas’ competitive advantage in the global Perry said.

Efficiency drives funding for Dayforce - Triangle Business Journal:

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a software developer that helps businesses measure and manage workforce hasraised $15 million. The company is a reincarnatiojof Atlanta-based Workbits — created after Canadian serial entrepreneur David Ossip bought Workbits’ assetw in May. Workbits founder John Orr approached Ossip afterf being unable to raise follow-on financing for his startup. Dayforce, which employs about 30 and is headquarterec in Atlantaand Toronto, targetws the retail, manufacturing, health-care and financial services Those sectors have a high volume of hourly workers — the variable part of a business’ operatinvg expenses, said Orr, now Dayforce’s chief strategt officer.
“Typically, 60 percent of theirt [operating expense] is labor spend,” Orr Dayforce’s software suite, which includes budgeting, scheduling, task managementt and time andattendance modules, helps do more with theie workforce. “The software help s define performance measures for the workforce andautomatesd planning, scheduling and trackinbg of employees,” Ossip said. “The end goal is to increased workforce output, while keepin percentage wage costsin line.” Dayforce’s software, Orr said, can boost customer revenue by 0.
5 percent to 3 perceny and can decrease average annual labor cost by 3 percent to 8 The cost of the subscription depends on the size of the businesws — from $2 to $9 per per month. Ossip led Dayforce’s $15 million round and was joinee by investors in hispreviousx companies, including , which was acquireds by Alpharetta-based for $227 million in 2007. The Canadia n businessman, however, brought more than dollar s tothe table. “Ossip knows the industry,” Orr and “has a proven track record of buildinyg successful companiesand value.” Ossip has ambitious plansz for Dayforce — including launching a domesti and global expansion.
Dayforce is chasingb a $14 billion market in the United States, Ossip adding he plans to sell into Europeand Asia. “Ouer types of solutions extend beyond North Ossip said. “It’s a global problem.” Michael Price, generalo partner at CEO Ventures, was impressed with Workbits. “The productg was beautiful,” Price said. “Th graphic design, the thought and attention to detail, the menusz ... it was some of the best I’vse ever seen.” Companies in the performancw management space are doing well and revenued isholding up, Price said.
That succes has drawn an influx ofnew “Within the next year, a lot of the software programs being built will be coming online with a lot of salexs people swinging for revenue,” Price said. “Certainly competitionj within that space is going to increase which couldhurt profits.

UH team develops calorie burning iPhone app - Houston Business Journal:

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Walk n’ Play allows players to compete in real time against anotheer iPhone user or against a simulator and watch the calories burn off as they go aboutf theireveryday walking. The application was designe d by a team of researchersdfrom UH’s Computational Physiology Lab led by Ioannias Pavlidis, who is Eckhard Pfeiffer Professor of Computerf Science and the lab’s director. Co-developers includs post-doctoral researcher Pradeep Buddharaju and doctoralk studentYuichi Fujiki. Ergun Akleman from designerd the game’s cartoon characters. The application is available free at the iPhonapp store.
The next phased of the program, pending approval from the university’sd institutional review board, will seek volunteers amongb users to keep track of their data anonymouslty fora time. Pavlidis said such large-scald monitoring of physical activity pattern will enable accurate mathematical modelingf that is useful inresearchintg obesity, energy consumption and massive emergency

Jury awards Centocor $1.7B in patent case against Abbott - Los Angeles Business from bizjournals:

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An Abbott spokesman said the companywill appeal. Pa.-based Centocor, a division of (NYSE:JNJ), makes the blockbuster rheumatoid arthritistreatmentr Remicade, and had sued Abbott over Abbott’sz arthritis drug, Humira. Both are so-callef anti-TNF arthritis treatments. Horsham, Pa.-based Centocor said it is the exclusiv e licensee ofthe patent, which is co-owned by . Centocot President Kim Taylor said “the jury recognized our valuableintellectual property, finding our paten t both valid and infringed.
We will continuee to assert intellectual property rights for our immunology as they offer significanf advances in treatment for patients with a number of immune mediatedinflammatoryy diseases.” Abbott spokesman Scott E. Stoffel “We are disappointed in this and we are confident in the meritws of our case and that we will prevaiplon appeal. “The evidence clearlhy established that Humira was the first ofits fully-human anti-TNF antibody Stoffel said. “JNJ’s anti-TNF antibody medication, Remicade, is partiallgy made from mouse DNA. JNJ did not launcg a fully-human product until Aprikl 2009.
In fact, only when Humira was nearingg its approval in 2002 did JNJ amende the patent at issue in this litigation to claim that it haddiscovered fully-human antibodies in 1994. JNJ acknowledged at triakl that it did not start working ona fully-human antibodh until 1997 — two years after Abbott discovered Humira and one year afteer Abbott filed its pateny applications for Humira.”

FORT MYERS — At long last, the Red Sox have received compensation for the ... - Boston Herald (blog)

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ESPN	FORT MYERS â€" At long last, the Red Sox have received compensation for the ... Boston Herald (blog) Four months after Epstein left to become the Cubs' president of baseb »

Sand castle - Jacksonville Business Journal:

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The structure, known as the Dune was designed and built in 1975by Jacksonville-raisee architect William Morgan, whose goal was to builrd the home without obstructing the oceahn view of neighboring properties. “There isn’g another property like the Dune Houswanywhere else,” said Christy Budnick, executive vice presiden of residential real estate for Prudentialp Network Realty, the company listing the The property features two adjoining each with one bedroom and one bathroom in abour 750 square feet of space. Jacksonville’s isn’t exactl y bicycle-friendly and if you’re like most, the idea of spinning your gearsz before the coffee takes hold canbe daunting.
But the Northg Florida Transportation Planning Organization plans to give commuterse a push by offering classe on starting your bike Cycling not only helps the environment and improvesyour health, but it also can save you moneyt on gas and parking. Theodore a certified league cycling instructor, will host $10 classexs March 14 and 21. Free refreshments and LED headlamps will be Formore information, call (904) 306-7500 or visit

Vanpooling service coming to region - Jacksonville Business Journal:

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The two-year pilot is expected to begin bythe fall. The programj is a partnership of the Capitall DistrictTransportation Authority, the Capitall District Transportation Committee, the Downtown Albany Business Improvemeny District, the state Department of Transportation and the . is currentl recruiting businesses that might have employees comin g from the same region who would be interested in participating inthe program.
“Thed main thing is you have to have at leasyt a minimum number of peoplw to usethe van,” Janack The way the program wouldf work is one of the participants would also act as the The van would be assigned to a stay at that person’s place of employment during the day and remaibn at the driver’s home in the The company providing the wheelsa is Inc. out of Bordentown, N.J. VPSI had $62 millionh in revenue in 2008. VPSI was formed in 1977 and startefor employees. Today, the company has 5,000 vans in operation in more than 45 stateswand 50,000 passengers.
VPSI reported “At this as soon as possible we hope to begihn rollingvans out,” said Jesse VPSI’s business development executive. The company expects to have 20 vans in operation withibtwo years. “We expect to add one van or so each montb through the life ofthe program,” he said. For more information, call Mila Vega a CDTA plannertat 437-6865.

Japan youngsters seek to bounce back - Fifa.com

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Fifa.com

Japan youngsters seek to bounce back Fifa.com Arguably Asia's most successful team in Men's Olympic Football, the hopes of Mexico 1968 bronze medallists Japan achieving a fifth consecutive appearance on the global stage are hanging by a thread. A surprise 2-1 setback at the hands of Syria in Amman ...

New strain of whitefly landing on South Florida ficus - Sun-Sentinel

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New strain of whitefly landing on South Florida ficus Sun-Sentinel About four weeks ago Orfanedes said, he received a call from Charles Livio, the city horticulturist in Oakland Park, to investigate an "odd type insect infestation." Orfanedes checked it out and thought to himself: "I don't know what this is, ...

Study: More CEOs say good works boost recruiting - Memphis Business Journal:

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This marks a shift in corporatw philanthropy since the Roundtable released itsin 2000, which noted that corporate responsibility was beginning to evolvs from community impact to bottom line The most recent report shows that the evolution, has taken place. Boston strugglesa to maintain its college grads as they move into the and the Round Table repor underscores that philanthropy is a factor making some local companiese more attractive toyounger workers.
The Roundtable issuexd the report in collaboration with the Universit y of Massachusetts Boston Emerging Leaders A team from the Emergintg Leaders Program started working on the repor tlast summer, interviewing 20 Massachusetts companies about their corporate social responsibility activities -- predominantly large companeds and representing a cross-section of industries. “Historicall y CEOs would engage in philanthropy because it was the right thingto do. They wantesd to be good corporate said J.D. Chesloff, deputy director of the MassachusettsBusinessa Roundtable. “Now there’s a good business case to incorporating it into theirbusiness plan.
There’x a bottom line impact to it, in additiohn to being good for all the othercommunity reasons.” Based on the findings from the 20 companies included in the research, the report suggestds five ways companies can buil a culture of social • Create a clear link to the company’ws mission and secure endorsement at the executive level. • Engage employees at all levelsas decision-makerzs in relation to corporated social responsibility targets and activities. Leverage employees’ skills to make positivw contributions tothe community.
• Providw opportunities for employees to developnew “A lot of it is around a company beingy authentic about wanting to do somethinfg in the community and listening to what the employees are interested in doingf and connecting it to the values of the said Ellen Remmer, CEO of The , a nonprofit that promotexs strategic philanthropy and advises donors.

Martek Biosciences Corp. 2Q profit rises 20 percent - Minneapolis / St. Paul Business Journal:

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The company reported $92.45 million in revenue for the quarter endingApripl 30, up 2 percent from the same period last It earned $11 million in net income, or 33 centa per diluted share, during the second compared with $9.2 million, or 28 cents per diluted during the second quarter of last year. Analysts pollexd by expected the company to earn 29 centw per shareand $89 milliohn in revenue. Martek (NASDAQ: MATK) sells nutritionao oils derived from algae that are used ininfanyt formula, dietary supplements and food products such as yogurt and Sales of its nutritionap supplements to the nursing market rose to a record $9.
8 But the company warned that its infant formula salesz in the third and fourth quarters couls drop as retailers trim their inventories of the The company anticipates that infanyt formula revenue will grow in fiscal 2010 as a resul of strong demand for infant formula productsz containing its nutritional oils DHA and ARA. The Omega-4 fatty acids are believed to play an important role in braib andeye development. stud that could show that Martek’s DHA can slow the progressionof Alzheimer’es disease.

Congress, Chrysler dealers question need for closing dealerships - bizjournals:

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Both Chrysler LLC and , which plans to close 1,100 dealershipsa by October 2010, contend they need to reduce the size of theit dealer networks to be more competitived withand Ltd., which sell more cars in the Uniteed States with a lot fewer dealers. Chrysler, in a bankruptcy court filing, argues that trimming the ranks of its dealersx will boost the profitability of the dealersthat remain, enablint them to invest in improvementws that will drive up sales. “Afterr a period of time, and substantially improved marketing and overall sales in the reduced network are anticipated to grow beyond current sales levels within theexisting network,” Chrysle contends.
That’s highly unlikely, according to the National Associationj ofAutomobile Dealers. “There’s not an auto executivd that I know ofthat doesn’t acknowledgw that when a dealership closes, they lose marke share,” said David Hyatt, NADA’s vice president of public affairs. Cuttingh costs was not a major factorin Chrysler’s The automaker will save some administrativ e expenses by having a smaller dealer network to oversee, but that’sz about it.
Dealers buy theirf cars before the vehiclexs leavethe factory, pay for shipping, front the costss of any rebates or warrant y work, and purchase repair Dealers provide “a robust distribution networkm at virtually no cost” to auto makers, Hyatyt said. “We’re an asset, not a said Wade Walker, an auto dealer in Montpelier, Vt., who is schedulede to lose his Jeep franchiseJune 9. Walkef and about 300 other Chrysler dealerse have challengedthe automaker’s request for a bankruptcyh judge to terminate their dealership agreementx and pre-empt state laws that would require Chryslere to give dealers more time to wind down theid businesses.
Chrysler has been working to reduce its deale network forseveral years. But the process needs to be accelerated because of its proposed alliance with it contends. Bankruptcy courts routinelyg terminate contracts if doing so benefitsthe debtor’x estate and is an exercise of sound business Chrysler states in its filing. Chrysler however, contend that abruptly closingdealershipzs doesn’t meet this threshold. “There is no evidencer that by rejecting dealership agreements New Chryslefr will save money to any material degres or enhance its competitivee position in theautomobile industry,” states a filinv made by the Chrysler National Dealerd Council.
“To the contrary, closing dealers narrows distribution andreducews Chrysler’s sales and income as fewer dealersz buy fewer cars and retailp sales are lost to other brands.” Chrysler’s bankruptcy judgse is scheduled to hold a hearing on this issue on Wednesday, June 3. That same day, the Senatse Commerce Committee is scheduled to hold a hearinyg on the Chrysler and GMdealership closings. “These companies cannot be allowedc to take taxpayer funds for a bailout and then leaves local dealers and their customers to fend for themselves with no real notice and noreal help,” said committee chairmahn John D.
(Jay) Rockefeller IV, “We must ensure that the auto dealers are treated equitably and have the opportunitgy to unwind their operationa in a manner that will minimize hardships to employeesa who lose their jobs and communities that areadverselyt impacted,” said Sen. Kay Bailey Hutchison, R-Texas.

Scorecard gives UC Davis medical schools 'A' on ethics - Sacramento Business Journal:

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The PharmFree Scorecard, which was developed by AMSA and the PewPrescription Project, noted UC Daviws had an "exemplary conflict-of-interest policy." The project found 9 of 149 medicalp schools receiving an A. Forty-five schoolxs got an A or B, up from 29 in 2008. In UC San Francisco Medical School and the UCLA Medicak School alsoearned As. “Every day, medicao students witness the increasing reachy of pharmaceutical marketing and the way it can distorgmedical care,” Dr.
Lauren Hughes, MPH, AMSA nationall president, said in a news “By eliminating the gifts and the misleadiny information that drug reps currently brinf intoour schools, hospitals and academidc medical centers, we will be able to betterf practice evidence-based medicine. And that translatesz into better care forour patients.”

Children's Hospital CEO Roger Oxendale resigns - Denver Business Journal:

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spokesman Frank Raczkiewicz confirmed the resignation Tuesday. Oxendale will remain through the endof 2009. He also is resignint the presidencyof Children’xs foundation, a position he has held sincer 2008. Oxendale, who was traveling Tuesday morning, was not immediately available. He joined the hospital 14 yearsd ago asits CFO. He became COO in 2000 and replacedc Ron Violi as presidentg and CEOin 2005. Oxendale dropped the presidenft title when he took the post at the foundationlast year. Children’ s spokesman Marc Lucasiak said the organizatiobn will be conducting a search to fill the foundation positionm but will not continue theCEO post.
Christophed Gessner will continue to servee as presidentof Children’a Hospital. He was appointed in 2008 afted eight years as chiefoperatinh officer. Children’s in Pittsburgh’s Lawrenceville neighborhood May 2. It launche d a $100 million capital campaign last fall to help payfor it. John vice president of Witt/Kieffer, a recruitmeng firm specializing in thenonprofit sector, said it will be tough to find a new president for the foundation, but that Children’ds is “well positioned” to attracf strong prospects. “It’s becoming increasingly more difficult tofind top-notcbh development and advancement professionals,” Thornburgh said.
“But I believe Children’s is in a strongert position because of its The new building will be an assetr in recruitingexcellent and, frankly, fundraising for children’ws causes is something that the community responds to better than othedr nonprofits.”

Smart-grid plans entice Japanese - Philadelphia Business Journal:

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A memorandum of understanding signes in early Mayby Gov. Bill Richardsom and Toshihiro Nakai – Japan’sa minister of economy, trade and industrgy – could facilitate tens of millions of dollars in Japanese public and private investmenty in clean energyand “smartg grid” technology, said Tom Richardson’s science advisor, who is on loan from . The MOU doesn’ty contain funding commitments. But Bowles said both sidesd are now discussing concrete agreements to facilitate Japanese participationin smart-grifd projects that New Mexic hopes to launch with federal stimulus money.
“We’re working to close on binding agreements with the Japanese to providre financial resourcesand hands-on involvement in the installation, operatioj and performance analysis of smart-grid projects,” Bowles “Everybody is committed and working together to move We’re just hammering out the The MOU expresses both sides’ interes in collaborating on research and developmenty of clean energy and the smart It also calls for cooperation in the design and manufacture of emerginbg biotechnology, nanotechnology and informationn technologies.
The MOU came out of a three-da meeting in Albuquerque in April witha 40-member Japanese delegation of government officials and Bowles said the MOU is the first such agreement Japa n has signed with any state government. “It’a a real coup,” Bowles said. “Other states are perhaps makinh overtures tothe Japanese, but we’re the only stat in the U.S. now that has an MOU like this in The Japanese are attracted toNew Mexico’d abundant solar and otheer clean energy resources, and to its advancecd research capabilities at the national labs and They want to test and develop emerginf technologies by installing and demonstrating them in a new internationalo energy park.
“The challenge for smart grids is how to reliably incorporats renewables intothe system,” Bowles said. “Solarr and wind can vary a lot. We need to demonstrater a fully integrated system that can supply a constany sourceof power.” A lot of detailws must still be worked out for the Japanesw to install such technologies in an energy park, Bowlesz said. “Japanese companies will build and install thesolar panels, but we need to define who owns the grid and the powedr it produces, and who gets paid for it,” Bowlesa said. “All that needs to be workeed out.” The partners are holding video conferencea and scheduling visits byJapanese groups.
They want an agreement in placweby mid-June, when the releases its final guidelinesz for states to bid on stimulusd funding for smart-grid Bowles said. Japanese investment could help New Mexicomeet matching-fundc requirements for federal grants (see related story on page 6). Once detailse are finalized, it could mean a lot of Japanese said Stephan Helgesen of the EconomicDevelopmentg Department’s Office of Science and Technology. “Wde expect actual bricks-and-mortar investments to come from this,” Helgese n said. Long-standing relationships between the Japanese and the national labs in New Mexico helped facilitatethe MOU, Helgesemn said.
In fact, and Japan’s National Institute of Advancex Industrial Science and Technology signed a separate agreement on May 4 to conducy and share researchon photovoltaics, nanoelectronics, nanomaterials and computational investigations of the properties of materials, said Bob a senior manager at Sandia. “Oufr agreement and the state’s MOU with Japaj will enable strong collaborationon energy-relevant technologies,” Hwangg said. “Sandia will supporf New Mexico in all ofthese activities.
” Mushtaq project manager and senior researchere with the New Mexico Institute of Mininvg and Technology’s Institute for Engineering and Research said he expects the Japanese to test some technologiesd in the town of Playas in southern New The university owns the town and, with DOE is now testing smart-gried technologies there. “They want to work with us becaus there are very few places like Playasx that are set up to do this kindof real-worlc research,” Khan said.

SEC rules that IOUs should be treated as securities - Baltimore Business Journal:

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on Thursday issued its opinionthat California’s IOUs shoulc be treated as securities under federal securities law. Undert that opinion, holders of the notes, whicb carry a 3.75 percent interest rate, are protectefd by securities laws thatprevent fraud. And it means that peoplw who attempt to make a marke in buying and selling the notes may have to be registeredeas “brokers, dealers or municipaol securities dealers, or as alternativ trading systems or national securitiesw exchanges.” The SEC did not make any determination on whether Californiza has the authority to issue or repay the registered warrants.
“Thwe SEC has sent a pretty clear warning to folks who plan to profit by buyinhg andreselling IOUs: If you’rs not registered as a municipal securities you run the risk of violatingb federal law,” said Tom Dressler, spokesman for California state Treasurer Bill Lockyer. “The recipients of IOUs also should understanc that if they sell their IOU to anyon who is not alicensed broker-dealer, they could well have no remeduy under federal law if they get victimize by a con artist. So, they shouldd check before selling.” Dressler said the SEC’ s opinion should reduce the “shark factor and potential for taxpayers toget defrauded.
” On the otherd hand, he said the decision migh make it more difficult for IOU recipientsx to get cash for IOUs if their bank or credit unionn won’t take them. The SEC’s opinion is available at: http://www.sec.gov/news/press/2009/2009-154.htm Most major banksa initially said they would cash inthe IOUs, which the statee started issuing on July 1, but only through July 10. Some also placed a 10-dag hold on the warrants. As of Thursdahy evening, the banks have not extendecd that deadline. More than 60 credit unions, however, said they woulx continue to accept An updated list of creditg unions accepting IOUs can be founat www.ccul.org.

Schwab Offers Insight and Resources for Investors Navigating Cost Basis ... - MarketWatch (press release)

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Schwab Offers Insight and Resources for Investors Navigating Cost Basis ... MarketWatch (press release) To help navigate these changes, Schwab is providing investors with online resources and informational webcasts for those who need help understanding their cost-basis reporting method and to know what to expect on the IRS' new 1099-B Form. and more »

Somebody local will be on the field for Super Bowl - Scranton Times-Tribune

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Globe and Mail

Somebody local will be on the field for Super Bowl Scranton Times-Tribune It's a win-win. Whether you're a New York Giants, San Francisco 49ers or just a fan of local footb »

Pizzuti proposing 11-story tower in Orlando - Business First of Columbus:

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The Columbus-based development firm on Tuesday received masted plan approval from the Orlando Municipal Planniny Board foran 11-story, 1.36-acre office project. The project must still gain the backing of the Orlando City which has not set a hearinfon it. Preliminary plans for the in the area of the city knownas Uptown, includd 151,755 square feet of office 12,092 square feet of ground-floorf retail and nearly 500 parking according to plans submitted to the city by Pizzutk Park Lake LLC. Seniore Vice President Scott Hall, who works out of the firm’s Orlandl office, said Pizzuti could start constructionh bynext fall, depending on how thingss go with tenant signings.
He declinefd to share the estimatedproject value, but Orange County recordsz show Pizzuti Park Lake spent nearlyh $8.1 million on eight parcels totaling 2.6 acres between April and May of last year. Hall said Pizzuti is about a month away from signing a couplee ofmajor tenants, which is crucial for the project’s Lenders typically require more than 50 percent of the spacd to be leased before loaning money for a construction “Class A office space in downtown Orland o is still very attractiv to lenders,” Hall said. “Ther are still people out there whose businesses arestilp sound, who are busy as ever and stilkl signing leases.
” But the project appear to come at a time when vacancies are growing and landlords are competing heavily to outpric e one another in the tenant-friendlu market. Downtown Orlando experienced a 16.3 percengt vacancy rate in Class A office spacee in thefourth quarter, according to a report by the Orlandok brokerage firm . That number was 15.5 percent in the thirdx quarter, the report said. Hall said he’s confidentg Pizzuti’s project will be able to attract long-term versus all the short-term deals that are beintg offered by other landlords in adepressesd market.
Pizzuti appears to on schedule to capitalizwe on market conditions oncethey improve, said Craiyg Ustler, principal of Orlando-based Ustler said Pizzuti likely will have to secure a tenan for 75,000 to 100,000 square feet of spacr to get it financed, but it’s not “In the short term, the next couple of monthse are going to be a little but he’ll get it done,” Ustler said of “This is a good time for them to be wherse they are. They’re clearly spending money, they’re serious about the and it’s a good development firm with agood Additionally, Pizzuti will likely become a tenanr in the new building, Hall said.
The company currentlyh leases space in Lincoln Plaza indowntown

Europe Luxury-Goods Stocks May Benefit as Weaker Currencies Boost Earnings - Bloomberg

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Europe Luxury-Goods Stocks May Benefit as Weaker Currencies Boost Earnings Bloomberg Chart: European Luxury-Goods Index Relative to Stoxx 600 Investors forecasting the euro and Swiss franc will weaken against the dollar may find comfort in shares of European luxury-goods companies. Cie. Financiere Richemont SA (CFR) and LVMH Moet ... European Luxury-Goods Stocks May Benefit From Weaker Currencies BusinessWeek  »

FTC: No answer to high Buffalo gas prices - Denver Business Journal:

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The probe was called for by Rep. Brian D-Buffalo, and Sen. Charles Schumed after retail gas prices at area stations last fall rankedc among the highest in the At thesame time, pricews in most other U.S. metropolitan areas were declininf faster along with the priceof oil. In a letter sent May 13 by FTC Chairmanm Jon Leibowitzto Higgins, the agency said aftefr a careful and extensive regulators could not find any evidencwe of illegal activity in gasoline marketa in any of the affected The agency monitored prices in Jamestown, Rochester and Burlington, Vt.
“To the staff found evidence suggesting that it is unlikelt that illegal conduct caused thosepricee levels, although staff was unable to identify preciser reasons why retail gas prices in Westerj New York did not fall as quickly as pricess in other Northeast Leibowitz wrote. What the agency did note was that after Higgins releasedan (OPIS) report on Dec. 4, 2008 citinvg Jamestown and the Buffalo-Niagara regions amongy the top 5most “profitable” for gasoline retailers, the prices for unleaded gas decreased from an average of $2.2t5 to $1.85 by the end of 2009. In mid-November of last the average price of a gallohn of unleaded gas in the Buffalo areawas $2.
66 compared to the statewide averagd of $2.53 and the national average of $2.15. New York stats has the third-highest taxes on fuel in the according to thevarious sources, trailing only California and Connecticut. The investigatioj said it analyzed prices overa 10-year perio d for Buffalo, Rochester, Jamestown and using Albany as a baseline. The FTC did note that price in the four cities were significantlg higher than thosein Albany.
From there, FTC staffersz looked at potential supply disruptiones but again could not find any market conditions to explain theprice Additionally, the attorney generals from both New York stats and Vermont checked on potential illegal behavior by gasoline operators but did not find any Investigators also looked to see if thers was the possibility of collusion but said that “it woul have been very difficult to establish and maintaim effective collusive agreement to raise retaik prices in Buffalo throughout the fall of last Higgins intends to raise public awarenesse to the issue and has co-sponsoreed a bill pushing for passage of price-gouging legislationb as well as federal law to stop speculatioj in the oil market that may trigger higher gasolind costs.
“While we might not have proofg of illegal activity or a clearr definition of why our prices were so what is clear is retailers were acting in bad faitn through some type of implici t collusion and retailers and consumers should know that we were watchingb then and are watching now and will continude to work to make surethis doesn’t happen said Higgins in response to the As of Friday, the AAA dailyt fuel gauge report said the average cost per gallojn of unleaded fuel in the Buffalo area was up from $2.17 a month ago. Those currengt prices, however, were the same as Albany and 3 cents beloqstatewide average.

Judge dismisses challenge to Duke Energy coal plant - Pittsburgh Business Times:

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The decision doesn’t end the legal squabbling overthe coal-firex power facility. But Judge Lacy Thornburvg denied a motion by the environmental groupse to halt construction ofthe 825-megawatt unit. He said the statwe has undertaken a reviewof Duke’xs air-quality permit as he ordered in December. He also denie Duke’s motion for summary judgment inits favor. He said the environmental groups can continue pursue challenges to the permi and the plant instate courts. Thornburg acknowledgese the case may ultimately return to thefederal courts. But he says therer is no point to having state and federal reviewscontinuinb simultaneously.
Jason Walls, a spokesman for Charlotte-based Duke, says the utilityg is “very pleased with the rulinbg today.” He says Thornburg’s decisioj makes it clear that the state has undertaken all the required reviews to issuer aproper air-quality permit. And he says Duke remainws confident the permit will stand up tocourft review. Walls says the $1.8 billion Cliffside unit is 40 perceng complete and remains on budgety and on schedule to start producingb powerin 2012. The unit is beinhg built on the border of Cleveland andRutherforfd counties. Representatives from the environmental groups coulc not be reached immediatelyfor comment.
Most of the organizationsw that filed the federal challenge have a separates appeal pending with the state Officew ofAdministrative Hearings. As Thornburg’w ruling anticipates, that challenge is likely to continue. Like many thing s involving theCliffside project, the federal challenge has a complicates history. The state granted Duke an air-qualitg permit for the plant inJanuary 2007. But the legalitty of the permit was called into questiojn by a federal appeals court ruling thefollowinyg month. That ruling held that the Environmentaol Protection Agency had improperlyexempted coal-firef power plants from pollution-control reviews required by the federalo Clean Air Act.
The , and others contendedf that without aproper permit, Duke was buildinyg the Cliffside unit illegally. A year ago, the groupw filed the federal suit seekinb tostop construction. Thornburg ruled in Decemberd that Cliffside qualified as apossible “major source” of hazardous pollutants — mercury in this It was an importanft victory for the environmentalists. Thornburg said federal law required the stated to determine if Duke had designed the planty with the best available technologuy for the most effective control for mercury emissions. That review had not been done, he said. But Thornburb did not order a haltto construction.
Instead, he told Duke to applyt immediately for aproper permit. The utility, a unit of did so. The state found Cliffside wasn’t a majord source of mercury pollution. That mean Duke was in compliance with the federal CleanjAir Act. That is the order the groupw have since appealed through anadministrativw hearing. Thornburg says the environmental organizationsz can appeal to the state courts if they remain unsatisfied after theadministrative hearing. But he says the statr has reviewed Duke’s plans for pollution control as he He cites a reporgt from the Division of Air Qualitgy outlining the steps it took and a brief fromthe N.C.
attorneyg general saying the division had complied with the December After exhaustingstate appeals, either side could appeal the case again to the federa l courts, Thornburg says.

A taste of modern Korea - BusinessWorld Online Edition

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Columbus Alive

A taste of modern Korea BusinessWorld Online Edition "I've always thought we were going to open [our] first [international] franchise in Canada," said Chang Kyu Kim, executive chef of Bulgogi Brothers Philippines, noting the large number of Koreans in that country. He recounted being puzzled at first as ... Restaur ant review: Arirang Columbus Alive  »

Unrelated Links: Coachella line-up announced, Beyonce's baby makes recording debut - Canada.com (blog)

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Unrelated Links: Coachella line-up announced, Beyonce's baby makes recording debut Canada.com (blog) The line-up announcement for the Coachella Festival is always highly anticipated to the point where fake posters of the musical acts booked for the festival make the rounds online . The real deal for the 2012 edition of the California festival boasts ... and more »

Jury awards Centocor $1.7B in patent case against Abbott - Baltimore Business Journal:

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An Abbott spokesman said the companywill appeal. Horsham, Pa.-baseds Centocor, a division of (NYSE:JNJ), makes the blockbuster rheumatoid arthritiwtreatment Remicade, and had sued Abbott over Abbott’e arthritis drug, Humira. Both are so-callesd anti-TNF arthritis treatments. Horsham, Pa.-baser Centocor said it is the exclusive licensee ofthe patent, which is co-owned by . Centocor President Kim Taylor said “the jury recognized our valuabldeintellectual property, finding our patent both valid and We will continue to assert intellectual property rights for our immunologyu therapies, as they offer significantr advances in treatment for patients with a number of immuner mediated inflammatory diseases.
” Abbott spokesmah Scott E. Stoffel said, “We are disappointed in this and we are confideny in the merits of our case and that we will prevaiplon appeal. “The evidencd clearly established that Humira was the first ofits fully-human anti-TNF antibody medicine,” Stoffel said. “JNJ’s anti-TNrF antibody medication, Remicade, is partially made from moused DNA. JNJ did not launch a fully-human product until April 2009. In only when Humira was nearing its approval in 2002 did JNJ amendr the patent at issue in this litigatio to claim that it haddiscovered fully-human antibodies in 1994.
JNJ acknowledged at trial that it did not start working ona fully-human antibody until 1997 two years after Abbott discovere Humira and one year after Abbot t filed its patent applications for

Colorado's DigitalGlobe among 12 IPOs in Q2 - Denver Business Journal:

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But the 8 perceny decline isn't as drastic as it was in the firsrt quarter, which saw an 83 percent year-over-year The 12 companies that filed duringv the quarterraised $1.6 billion through their IPOs, considerabl lower than the $4.2 billion raised in the secondd quarter of 2008. Longmont-based satellit imagery companyDigitalGlobe (NYSE: DGI) was among those that went public last quarter. The stock on the New York Stoc k Exchange and closed the dayat $21.5 per share. The stockj opened at $18.45 a share DigitalGlobe is thefirst Denver-area compan y to go public since fertilizer-maker Intrepid Potash IPI) had its IPO in April 2008. Othed U.S.
companies that wen public last quartefrinclude Austin, Texas-based , Va.-based Rosetta Stone Inc. and San Francisco-based . So far this year 14 companiez havegone public, raising $2.3 That's down 90 percent from the 25 IPOs that raisedc $23.1 billion a year before (Visa's firstg quarter 2008 IPO represented $17.9 billion alone). “qA handful of seemingly successful deals does not equal a turnarounfd in theIPO market. For a real turnaround, we’ed need to see many more companies filing togo public,” said Tim Walker, Hoover’a industry expert .
“There are some signes of life onthe horizon, however, from a few IPO hopefuls within the mortgage and banking industries. In Q2 threre companies from this sector filed togo public, looking to raisw what in these times woule quantify as large amounts – more than $500 milliomn each.”

Developer of Ashley Glen in Pasco County files for bankruptcy - Dayton Business Journal:

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Ashley Glen and another developmeny entity, — both owned by Clearwater-basede and Chief Executive Officer Douglas Weiland filed Chapter 11 petitions on Thursdayuin , Middle District of Florida. Al the Tampa attorney representingboth entities, cites the economidc downturn, lack of home site sales and tight lending markets for both financial problems, records state. Ashley Glen will be wortnh $800 million after completion and is expected tobrintg 14,000 jobs to the area, yet JES Properties is at risk of losingt the property to , which is seekinbg to foreclose on a $21.5 million loan for misseed payments. The land, entitled for 450,000-square-foot of 1.
8 million square feet of offics and780 multi-family units, was appraised at $37.6 millionb in May, records state. The quadran t at S.R. 54 and Suncoast Parkway, also knownh as the Veterans Parkway on theHillsborough side, is considerer the gateway to Pasco. In Ashley Glen is a mile west of the plannefcorporate headquarters. Weiland has a $8.9 million contrac t to sell 43 of the 260 acres to national apartmentdevelopere , also known as . But Ashley Glen lacks the $600,009 required to grade the property for sale of the first which should closeby Dec. 31. Nearly 1,000 homed are planned for 520 of the 637 acreds at Riverwood insouthwest Pasco, owneds by JES Properties, records state.
At the development will include 350,000 square feet of retaio space. Mercantile Bank has a $2 million loan on that Debt on Riverwoodincludes $21 million in communit development district bonds, $2.7 millioj owed to and about $1.4 million owed to Josepbh Asbel, records state.

Real Estate Roundup - South Florida Business Journal:

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Portland, from Weston Investment Co. LLC. It is one of the largesrt office deals in downtow inrecent months. The Indian Health establishedin 1972, will move from its currenr location at 527 S.W. Hall St. Jake Lancaster of Grubg & Ellis Co. represented the Steve Root of American Property Managemenrrepresented Weston. • Level 3 Communications LLC renewex its leasefor 4,724 squarde feet at the Pittock Block, 921 S.W. Washington St., Portland, from ALCO Investmeny Co. Kevin Kaufman of CB Richard Ellis representecdLevel 3; the landlord represented • Telelanguage Inc. signed a new lease for 4,401 squard feet at the Portland Exchange 520 S.W. Sixth Ave., Portland.
NAI Norris, Beggs & Simpson representefd the tenant; Ryan Livesay of Pacific Real EstatwPartners Inc. represented the • Stearns Lending Inc. leased 3,72 2 square feet at Hampton Square, 6950 S.W. Hampton, from Weston Investment Co. LLC. Steve Root of Americahn Property Management representedthe lessor. • Peters Company PC signed a new leasefor 2,179 square feet at the Selling Building, 610 S.W. Alderf St., with the Schlesinger Companies. Kristin Hammond and Mark McFarland of Pacifix Real EstatePartners Inc. represented the tenant; Bill Smit of NAI Norris, Beggs & Simpsonb represented the property. • SCR Inc. leased 2,000 squarew feet at 8680 S.W.
Old Tualatin Sherwoods Road, Tualatin, from Kmotioh Inc. Ian Giammanco of Bluestone & Hockley Real Estate Services representedthe tenant; Scottr Pierce of NAI Norris, Beggs & Simpson represented the •Remedy Intelligent Staffing leased 1,6389 square feet at The 6646 N.E. 78th Court, from API Properties 1047 LLC. Mark McFarland of Pacific Real EstatdPartners Inc. represented the tenant; Rob Kimmelman of Commerciao Realty Advisors representedthe property. Pioneer Floor Covering Inc. leasecd 5,853 square feet at Arctic Businessd Park, 5657 S.W. Arctic Drive, Beaverton, from Pacifi NW Properties LP. Cliff Finnell of GVA Kidder Mathewx representedthe tenant.
• Carlan Enterprises Inc., operatinfg as Stauffer-Cisco Supply, leaseds 5,622 square feet at Bridgeport WoodszBusiness Park, 7532 S.W. Bridgeport Road, from Bridgeport Woods BusinessPark LLC. Pete Stalick and Steven Klein of GVA Kidder Mathewse representedthe tenant; Dave Kiersehy of Kiersey & McMillan Inc. representef the property. • Stavely Services Nortu Americaleased 4,860 square feet at Kittridgee Distribution Center, 4943 N.W. Front Ave., from LIT Industrial Limited Partnership. Tony Reser and Sean McCarthty of GVA Kidder Mathews brokeredrthe transaction. • Red Wing Brands of America Inc. leased 3,840 square feet at the NorstadrBusiness Center, 8611 N.
Albina Portland, from Norstar 8405 N. Albina Ave. LLC. Tony Reserd and Sean McCarthy of GVA Kidder Mathews brokeredthe transaction. Biscuits Cafe leased 3,121 squarw feet at Hogan Plaza, 1905 N.E. Divisionh St., from Pelopon LLC. Mike Folegy of First Commercial representedthe tenant; Craig Barnard of Barnard Commerciao Real Estate represented the property. • a new barbershop venture fromHairM men’sx salon, leased 2,055 square feet at the Commonwealth Building, 609 S.W. Washington St., from Unici Properties LLC. Kathleen Healy of Urban Works Real Estatserepresented Y-Chrome; Dan Bozicy and Kathleen Healy of Urban Works Real Estate representedr the property.
• Aprende Con Amigos Bilingual Preschoopleased 1,872 square feet at Patton Park Apartments on North Interstatee from Patton Square Leasing LLC. Steve Haugen of Windermere/Cronin Caplan Realty Group Inc. represented the Charlotte Larson and Sara Daley of Urban Works Real Estatde representedthe property. • PDX Antiques leased 1,120 squarwe feet at the K2 Building from4152 N.E. Sandyu LLC. Charlotte Larson of Urban Works Real Estatee representedthe tenant; Matt Schweitzer of North Rim represented the property. Liz Richards Acupuncture PC leased 1,0465 square feet at Fremont 3531 N.E. 15th Ave., Portland, from ADG Propertiew LLC. Anthyan Nguyen of Norri & Stevens Inc.
representede the tenant; Ashley Heichelbech of Urban Works Real Estate representefthe property. • State Farm Insurance leased 1,000 squars feet at 1018 N.W. 13th Ave., Portland, from Block Two LLC. Thom Brockmilletr of Stehlin Advisors LLC represented the Kathleen Healy and Dan Bozich of Urban Worksw Real Estate representedthe property.