hyperwave-exhausted.blogspot.com
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.
Monday, January 30, 2012
Saturday, January 28, 2012
SEC rules that IOUs should be treated as securities - Baltimore Business Journal:
ymekovo.wordpress.com
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.
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.
Thursday, January 26, 2012
Schwab Offers Insight and Resources for Investors Navigating Cost Basis ... - MarketWatch (press release)
8511ysu.blogspot.com
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. |
Tuesday, January 24, 2012
Somebody local will be on the field for Super Bowl - Scranton Times-Tribune
vilyfijohy.wordpress.com
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 » |
Sunday, January 22, 2012
Pizzuti proposing 11-story tower in Orlando - Business First of Columbus:
gonyzyf.wordpress.com
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
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
Thursday, January 19, 2012
Europe Luxury-Goods Stocks May Benefit as Weaker Currencies Boost Earnings - Bloomberg
burdukovahycel.blogspot.com
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 |
Tuesday, January 17, 2012
FTC: No answer to high Buffalo gas prices - Denver Business Journal:
tiqosi.wordpress.com
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.
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.
Sunday, January 15, 2012
Judge dismisses challenge to Duke Energy coal plant - Pittsburgh Business Times:
houston-nearly.blogspot.com
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.
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.
Friday, January 13, 2012
A taste of modern Korea - BusinessWorld Online Edition
elisovadinaimar.blogspot.com
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 |
Wednesday, January 11, 2012
Unrelated Links: Coachella line-up announced, Beyonce's baby makes recording debut - Canada.com (blog)
ycoguqi.wordpress.com
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 ... |
Monday, January 9, 2012
Jury awards Centocor $1.7B in patent case against Abbott - Baltimore Business Journal:
yzirapogyg.wordpress.com
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
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
Friday, January 6, 2012
Colorado's DigitalGlobe among 12 IPOs in Q2 - Denver Business Journal:
vuwodu.wordpress.com
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.”
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.”
Wednesday, January 4, 2012
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.
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.
Monday, January 2, 2012
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.
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.
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