Friday, December 31, 2010
Banking, insurance get devoted patron in Raussen - Business Courier of Cincinnati:
Jim Raussen since spring has been holding meetingas with newly formed banking and insurancwe advisory boards to fulfill his missionj at the state Department of Development of helpingf develop jobs in those industriesin He’s working with the executives from around the statre to come up with a set of policy recommendations aimede at underpinning and growing the state’s financial servicesa industry. His job as the state’s directore of insurance and financial services, created in is long overdue and more important than ever givenh theindustry upheaval, industryg executives say.
Previous rounds of consolidatio nin banking, for example, have included deals that cost Ohio jobs and “I think the concern is that we make sure we have larger banks in Ohio,” Raussen said. “They served a very big purpose.” The state recently approvefd millions of dollars in incentives to persuade tobrinyg 1,150 jobs to Central Ohio as part of the bank’s merger with The state is competing against New York state, Louisiana and Texas.
“You can bet othe r states are vying for those jobs and that at leasy some of those statews have people like Jimin place, said Parker MacDonell, area president for Fairlawn-basec and a member of the state’s new banking advisory Raussen becomes the state government’s first line of contacg for banks and He plans to keep in closee communication with industry executives. The states for years has lacked such a which meant it missed chances to reacbh out tomajor employers, said Mike Van president of the trade group and chairman of the state’s banking advisory board.
Van Buskirk remembersw receiving a call in 1998 fromJerry Grundhofer, CEO of the formee in Cincinnati, which had mergedc with Milwaukee-based When the deal was signed, Grundhofer told Van Buskiro he had heard from officials in each of the states where the combinefd banks did business, except Ohio. “He was sort of surprisee and amazed that the state of Ohio had so much taken for granted the fact thatthe bank’ headquarters operations were there,” Van Buskirj said. “Shortly thereafter, Ohio wasn’y the headquarters state anymore.” Firstar was latefr acquired by , consolidating its headquarterin Minneapolis.
The state lost another headquarters operation when movec its home office to Chicagk following its 1998 acquisitioof “Whether, with the exodus, anything could or would have been done any differentlhy – probably not,” Van Buskirk said. “But the poiny of fact is that there were not conversationsa atthe time.” “If other peopls are knocking on your doors, and this is your home stater and they’re not knocking on your door, then maybe you feel like they don’ t care,” said State Auto Insurance Cos.
CEO Bob who is on an advisory board for a financial services development officiaplin Indiana, where the company has about 350 Restrepo said an official in a similar role in Connecticut contactes him in 2007 after State Auto affiliated with an insurerd in that state. “Thse first person we got a call from was the woman in he said. “We needed (someond in Ohio),” Restrepo “When (state Insurance) Commissioner Mary Jo Hudson I toldher that.” A key motivator in creatintg the position is the large number of financial services-relatedx jobs in the state that need protection, Rausse n said.
Banks and insurance companies employedabout 208,60o Ohioans last year, or about 5 percentt of the state’s nongovernment and nonfar m work force, according to the . “Wew have over 160 insurance companies domicileed in Ohio and we have a lot oflarg banks,” Raussen said. “We certainly have to promotes it better.” It’s not just the bank jobs that are but the jobs banksd can helpto create, Van Buskirkl said. With manufacturing’s decline as Ohio’s traditionapl economic engine, it has become increasinglyy important for the state to foster innovativenew companies, he As lenders, banks are critical to the growth of those businesses, Van Buskirko said.
“Banking and the Departmen of Development can work together with the sharex goal of preserving other jobs in the state of he said, “and hopefully facilitating small busineses development.”
Wednesday, December 29, 2010
Fast motion: Polsinelli's business philosophy firms up its rapid growth - Kansas City Business Journal:
Before New Year's Day 2006, the Kansas City-based corporatse law firm had no lawyers in theWindy City. But just more than two years after the firm launche d a small office to get a toehole in the hypercompetitive Chicagolegal Polsinelli's office there has grown to 23 lawyers and occupiez a noticeable space on the Chicago legal Although Polsinelli certainly isn'tf new to the Kansas City market, it is attractintg attention as one of the city' s fastest-growing firms.
It added 13 lawyerss last year, and its revenue of $112 million not only marked a 21 percent increase from the previous it also put Polsinelli among just five locally based firmes to surpassthe $100 million revenue mark. Now with more than 300 total lawyers andnine offices, firm Chairman and CEO Russell Welsh may seem more like a real estate broker than the manager of a law firm. "Somebod said to me, 'When you went to law school, did you thinki you would be amanaging partner?' and I said of coursew not," Welsh said. "One thing I never thoughtf of, and deal with all the is real estate. We're always dealinvg with real estate.
" Welsh doesn't have to look far for real estatd expertise. The firm is known as one of the region's strongetr real estate practices. Partner John Petersenh is a common sight at city council meetings throughout Johnson trying to broker a deal for a developef to build on some plattedground somewhere. But the firm also has plowesd new ground, expanding its emphasis on the life sciencesx in Kansas Cityand Chicago. Welsuh won't take the credit for wherew the firmis today. Instead, he thrusta that praise upon practice group such asPatrick Woolley.
At the ripe age of 32, Woolley took over the firm's science and technology practice group and developed it into one of the premier areas ofthe firm's practice, with more than 20 lawyers and scientistss to its credit. "First of all, it comes from and I don't mean at the top, but practicre leaders," Welsh said. "We've got the right people leadingthose groups, bottom line." The righft people, Welsh said, are thoses who come to the firm ready to play ball with othef lawyers and share work rather than act as a loosw federation of lawyers working under a single firm name. "W don't buy business, and we don'f want silos," Welsh said.
"Wer want people who are used to working withotherr lawyers." Angelo Trozzolo has seen this attitude in the way the firm approacheas its marketing. has producexd Polsinelli's marketing since 2000 with a theme stressinbthe firm's expertise in seeing the law in a new Trozzolo said Polsinelli has been receptivwe to advertising that's edgier than what most other law firms are readyh or willing to put forth. "They are so smar t and entrepreneurial," he said. "They're not stuffy; they're smart and involved in the busineszs world.
" Polsinelli Shalton Flanigan Suelthaus PC Corporate law firm that specializesin litigation, financial services and real estate cases Top Year founded: Employees: 700 W. 47th St., Suite 1000, Kansaxs City Highlight: Polsinelli Shalto n Flanigan Suelthaus PC last year hada record-breaking year on the firm'se financial ledger, entering into nine-digit figures in with $112 million for its 2007 fiscall year. That's up 21 percent from the previoue year.
Sunday, December 26, 2010
Shaq event promoter has ties to technology community - Tampa Bay Business Journal:
In his role as president of softwares development company ProviderTechnologies Inc. in Tampa, Madison called a news conference at Raymond James Stadium in January 2001 and publicly tangled with NFL officialx when he advertised luxurh homes via a Web site for Super Bowl Now Madison finds himseld courting the media and playinbgmedia defense. As head of anothed business, Paramount Celebrity Management Co., Madison promoted the Aug. 16-17u Shaquille O'Neal Celebrity Weekend whered the basketball star was a Included among the events wasan Aug.
16 charityh banquet for Tampa Bay Reads at the Watersid Marriott hotel where Madison is being blamed for financial shortfalls reportedly totaling more than Madison has taken to the airwavesz and to the print mediza displaying what he claims to be a signed contract with who has told Orlando journalistsa he did not commit to theTampa event. O'Nea also has told the media hewas sick. Madisonm told The Business Journalon Aug. 20 that his attorney s had "worked out an agreement with and that Tampa Bay Readsx was distributingfalse "Tampa Bay Reads has been collecting the mone y for the dinner, not Paramount," Madison said. "Si how do we owe the money?
We triesd to do a closing with Tampa Bay Readasyesterday (Aug. 19) and they didn't meet with But Mike Suarez, president of Tampa Bay Reads, a nonprofiyt organization that promotes literact and supporter of the event has called for a lawenforcementt investigation. "Since hundreds of people paid largee sums of money and did not get what was we believe that appropriate law enforcement agencie should conduct an investigation to make sure that no laws were Suarez said. As of Aug. 20, Tampa polic e were not investigating the CelebrithyWeekend event, said Katie Tampa Police Department spokeswoman.
Forrest Gossett, publishee of The Business Journal Servint GreaterTampa Bay, servezs on the board of Tampa Bay Reads. News media reporte have chronicled Madison's legal history including a July arresyt in Hillsborough County where he was accused of forging a Provider Technology invoicefor $14,10o and also accused of using personal information from Robertt Little, former Provider Technology executive vice president, to obtain a line of Madison pleaded not guilty and is free on bail. In Mark Wofford, former Provider marketingg vice president, has been in a Hillsborough County jail cellsince Jan.
3, according to Hillsborough County Sheriff'e Department records, jail booking officials and Hughes. Charges againstr Wofford includeorganized fraud, third-degreer grand theft, second-degree grand theft and actint in the capacity of a contractor without a He faces a 19 pretrial hearing in Hillsboroughb County District Court. Madison and Wofford are no strangers to the Tampw Bay area and Florida governmentftechnology sector. Madison brought his mother to a 2001 Tampq Bay Technology Forum breakfast meetinfg where he showcasedhis company.
Just weeks befored Wofford's arrest, area technology businesses and Florida government official s ralliedaround Madison, Wofford and Provider Technologies at a Dec. 13 meeting. The companyy had made its way onto statde contract bid lists and had come out with anew ProjectTracker, used by the Hillsborough County Public Works Madison hosted the gatheringt at his Tampa office for representatives from the State Technologt Office, the 13th Judiciak Circuit, Inadon Corp., NetWise Technology Inc., Marketinfg 4E-Biz Inc. and the Tampaa Bay Technology Forum. The meeting followed Floridaw Government Expo 2001on Dec.
11-13 at the Tampa Conventionn Center, where Provider Technology had a bootuh and Bush served askeynote speaker.
Friday, December 24, 2010
AG objects to GM bankruptcy - Atlanta Business Chronicle:
“While we hope that in the end, GM will emerge strongert and more resilient,” Cordray said in a “we cannot let big-business bankruptcies in federal couryt trample overstate law.” Much like the Chrysler sale, Cordray’s objections involve issuesx over workers’ compensation benefits liabilitg and reconciling the bankruptc y with state law regulating automobile dealerships. GM has notifieed 1,323 dealerships that they will not have theird franchiseagreement renewed, including 79 in Ohio. Individual dealerships haven’tt been publicly disclosed.
Cordray also filed a limited objectionn over the effect it could haveon Ohio’sd Lemon Law and tax refunds owed to the state Taxation
Tuesday, December 21, 2010
No Sale: Paulus Park Sled Hill, Skate Park Preserved - Patch
No Sale: Paulus Park Sled Hill, Skate Park Preserved Patch More than 20 residents came out to listen and comment on the proposed declaration of parts of Paulus ... |
Sunday, December 19, 2010
Santa Claus is coming to town today - Wilkes Barre Times-Leader
ABC Online | Santa Claus is coming to town today Wilkes Barre Times-Leader Listen for the Christmas music, fire truck sirens and ho-ho-hos today because Santa Claus is coming to Town! Santa Claus will be visiting » |
Thursday, December 16, 2010
Woman Suing TSA After Heavy Breast Grope - Fox News (blog)
Mediaite.com | Woman Suing TSA After Heavy Breast Grope Fox News (blog) When her son protested that he'd also gone through a scanner and wasn't subjected to a search, the TSA agent » |
Tuesday, December 14, 2010
7-Eleven, Inc. Company Profile | Company Information
We introduced the convenience store conceptin when, as an ice our retail outlets began sellinbg milk, bread and eggs. Today, we are the largesgt convenience store chain in the We operate, franchise or license more than 27,500 stores The name
Saturday, December 11, 2010
Investigators: Kennedy Plaza fire 'intentionally ignited' - Utica Observer Dispatch
Investigators: Kennedy Plaza fire 'intentionally ignited' Utica Observer Dispatch Investigators believe a fire that occurred at the Kennedy Plaza apartment complex in November was âintentionally ignitedâ in a make-shift ... |
Thursday, December 9, 2010
GVEC agrees to market wind-turbine equipment - San Antonio Business Journal:
GVEC formed partnerships with manufacturereof Flagstaff, Ariz., and in Ontario, Canada, to enter the wind turbine The residential models sold by GVEC Home will have capacity ratingz of 2 kilowatts to 50 Before GVEC Home’s staff begins selling the units, locaol employees will take part in a series of trainingg sessions with the manufacturers to thoroughly understand the mechanics behind the technology. Sales shoulr begin within the nextfew months. GVEC officials have been busy studyinbg the feasibility of residential wind power across their service area which encompasses a portion of the TexaesHill Country.
The electric cooperative revisedd its renewable generating tariff inearly 2009. This updatde created an incentive for membersz to install renewable energg technology in their homesand businesses. Members also have the abilithy to sell any excesds power back to GVEC at average wholesale powefprices — with payment provided in the form of GVEC General Manager and CEO Darrenj Schauer says initially the cooperative plansd to install a number of the turbinea across its territory to expandf GVEC’s research scope. It will take time to demonstrate the viabilith ofthe technology, he says.
for those members who wish to invest in aturbinwe — realizing the existing uncertainties in the we support their energy-conscious efforts and want them to feel comfortabled in purchasing from a reliabld source such as GVEC Schauer adds. Gonzales, Texas-based GVEC serves more than 65,000 customers in 13 Soutb and CentralTexas counties. The cooperative also has officesin Seguin, La Vernia and Cuero.
Monday, December 6, 2010
Advocates: Maryland stimulus projects score high marks but mass transit shortchanged - Baltimore Business Journal:
But better roads and more capacithy aren’t the only answer, and Maryland’e state and congressional leaders need to put more emphasiszon — and more money toward — building communities and improver transit options going forward, transportation advocatea said Monday. “Transportation, in and of should not be seenby itself,” Otis Rolley, CEO of the , said at a presas conference Monday at what’ss been called the “Highway to in West Baltimore.
Maryland has committed $210 milliob of its share of federal stimulus funds for systempreservation — fixing up highways and roads that have fallen into disrepair, according to a Smart Growtu America report on the state’s use of Americamn Recovery and Reinvestment Act spending. That’s transportation advocates said, but state and federalp legislators need to refocus their efforts on transitand community-buildinyg as Congress seeks to reauthorize the federak transportation bill released in draft form earlier this It’s that bill that determines how the statr doles out its federal dollarsa for transportation projects.
“Id done right, this reauthorization bill could open the door to a transportatiohn process that createstransportation choices, local jobs, and a healthierd economy,” Rolley said. Members of the , whichb includes Rolley’s group, want to see much more emphasiss placed on the role transportation options like the proposefd Red Line in Baltimore City will have in thecommunities they’rre located. To reinforce its the group held its press conferenc onthe so-called “Highway to along Route 40 in West Baltimor e as cars whizzed past, tractor trailers buzzed by and ambulance sirens’ wailed.
Speakers’ voices were often drowned out as they reflectec on the stubof highway, envisione decades ago as a way to connect Interstates 70 and 83 throug h downtown Baltimore. The section of concretd and steel, the only portion of the connector rout builtin Baltimore, is set to be torn down with $3 milliomn in stimulus funding. In its place, the transportation advocates envisiob reconnecting the neighborhoods north and soutu ofRoute 40, creating more parking for the West Baltimore MARC statiom nearby, and eventually stimulating a much larger transit-oriented development to replac e what some neighbors call a Berlin Wall in West “We’re standing here at the site of a tremendous transportatio n injustice,” coalition member Dan Pontious, executived director of the , said at the news conference.
“Thise site showcases how federa transportation funds can be used not just to improver ourtransportation system, but to improve our communities.” The federap transportation bill, SAFETEA-LU, maps out how the federalo transportation department directs money towardf state transportation projects. That system has been skewed heavilyg toward new roadsand highways, to the exclusioj of new transit options, said Dru Schmidt-Perkins, executiv director of . That’s emphasized in how the federall government has allocated money fromthe $787 billion federal stimulus money. To qualify, the projects had to be or far enough along to put outfor bids.
None of Maryland’ s transit projects were at that stage, including the Red and were therefore left out of the She encouraged state leaders to move those projectsd ahead as quickly as possible so they mighrt be eligible for funding if another stimulus billis approved. She also hopesa the reauthorized transportation bill willensure state’ss get more money for transity projects than they have in the past and will encourager Maryland’s leaders to think about thosse options as part of their larger transportation “The decisions we make today will determinwe the transportation legacy we leave our children,” Schmidt-Perkin said.
Saturday, December 4, 2010
ZipRealty to make employees independent contractors - The News-Press
ZipRealty to make employees independent contractors The News-Press The notice follows a company news release last month that said » |
Wednesday, December 1, 2010
Cerner finds a treasure in data mining - Minneapolis / St. Paul Business Journal:
The North Kansas City-based health care informationtechnology company, knowb mostly for the health-record software sold to hospitals and is leveraging the billionxs of anonymous patient records it has at its disposal as marketable informationh to pharmaceutical companies and researchers. Cerner said the data operation is a big reason revenue for its LifeSciences Group has increased by roughlg 20 percent during each of the pastfive years. Mark the company’s life sciences solutions vice president, predictexd that annual growth will be greater still inthe “This is just the beginning for us in the life he said. Included in Cerner’s data warehousr are 1.
2 billion lab It also has smaller numbers of medication orders andother data. The company collectss the informationthrough data-sharing agreements with roughly 125 of its softwared clients. By some estimates, it can take as long as 17 yeareand $1.2 billion to develo p a single drug. Cerner’s data-mininv capabilities can quicken that process and save money for drug companies by helping the companies establish a study protocok that maximizes the number of eligible candidatess fora trial. “We believed that can actually eventually reduce the cost of drug Hoffman said.
Cerner would not name its pharmaceutical Pharmaceutical companies and clinical researchers pay for Cernerr data forother reasons, said Scott Weir, director of the ’sz Office of Therapeutics Discovery and Development. He said Cerner’s data-mininb capability can point scientists to potential new uses for existing drugs. For instance, Weir said, Cerner’s database migh t suggest that a drug used to treaft cardiovascular disease could be helpful in treatinbcancer patients. Researchers then could run a clinicaol trial to testthe idea. The data is usefu l to drug companies for much the same Weir said, including helping them identify and correctr side effects from drugs.
The KU Cancerd Center has used Cerner’s data-mining capabilitiesz for several projects. “They uncover information we wouldxnever discover,” Weir “It’s invaluable.” He said Cerner stands to benefiyt financially, as well, from collaborations with researchere that can lead to intellectual property that produces licensinhg fees and royalties. Cerner also can work with researchers suchas Dr. Stephej Spielberg, director of the Center for Personalizedf Medicine and Therapeutic Innovationat . Spielberg seeks a $3.9 million grantg from the for a study of how the center can betterd capture data in pediatric cancer studiez usingCerner software.
Monday, November 29, 2010
UAB to cut 245 jobs - Birmingham Business Journal:
A total of 164 positions will be eliminated from UAB UAB Highlands and the UAB Health System with 81 more cut but the employeess will be hired back into jobs currently heldby non-UAvB contract staff, according to a news The layoffs were announced Tuesday and come on the heelse of a $720,000 performance review. UAB said the layoffz primarily arein non-patient care supportr services. Additional changes include adjustingsome employees’ hourx of work, decreasing overtime and eliminating specialo pay programs, the release said. Changesd will take effect immediately. UAB Health System has more than 10,00p0 employees.
UAB Hospital and UAB Highlands combinedlost $62 millionj in fiscal year 2008, according to data provide by the university. The cuts are a result of a contracrt with NavigantConsulting Inc. worth $600,000 plus up to $120,000 in expensese to conduct a two-month review of the healtbh system’s operations. At the time, UAB spokeswomah Dale Turnbough said the performancr review was prompted by the current economic situatiom and proposed changes to the American healthgcare system. She said in a writtenj statement that the system wanta to ensure it is operating efficientlyu and has developed plans to improvepatient care, its operationse and organization and outreach.
The review was orderecd by Health System CEOWill Ferniany, who took the reinsx of the multihospital system in September 2008. The performanc e review was partof Ferniany’s Bridge to the Futurse financial solvency plan. Severancr packages and support services were offerex to employees who losttheir jobs. “Art no time has health care been under the pressurea that we currently We are not unlike other providers in that we all face theses challenges to some UAB Hospital CEO MikeWaldrum “We will manage through theser times by concentrating on our business imperatives of quality care, patien t satisfaction and financial performance and by supportingy and caring for our displaceds colleagues.
”
Friday, November 26, 2010
GenVec cuts manufacturing partnership - Baltimore Business Journal:
After a year and a half, the Gaithersburg biotech has terminated its contract June 29with , the Unitedr Kingdom-based company that had been producint the local company’s main product, an anticancere treatment called TNFerade in its final stage of clinicapl trials. GenVec (NASDAQ: GNVC) paid Cobra a $350,000 terminatiob fee, negotiated down considerably fromthe one-time maximunm fee of $2.3 million to terminatde the contract. Originally signed in January the manufacturing agreement callexd for GenVec to payCobra $1 million in advance and as much as $9.4 milliobn depending on the services rendered. Last GenVec said it paid Cobrwa $3.
4 million and, in March, said it woulr pay Cobra an additional $1.8 million this GenVec, which said it doesn’t need furthet batches from Cobra to complete its TNFerad e trials and had been low on has been searching for a largefr partner to fund those clinical studiee andanticipated launch. After makintg significant cuts to itshead count, GenVec raised $6 million in late May in a discounterd stock offering that garnered a 19 percentt drop in the company’s share price from disappointed investors that day.
GenVec’w stock price has since inchecd back up to its former price eventopping $1 since the
Wednesday, November 24, 2010
The creepy but much-loved Mtter Museum is evolving - Philadelphia Business Journal:
— which features a collection of skulls, petrified bodies and other medicaloddities — is responding to increaseds visitorship and interest, said Brandon Zimmerman, administrativ coordinator/designer at the Mütter. It is the museum’sd first major renovation since 1986. Five major exhibitiones will be installedor updated. The new exhibits will open in though the museum remains open duringthe work. “It’ s the first in a long line of what we hope will be new Zimmerman said. The Mütter Museum, which was founded in 1849 and is namedx forbenefactor Dr. Thomasa Dent Mütter, is part of the , whicj is at 19 S. 22nd St.
The Mütterr Museum has found a passionate following. It has been the subjecf of at least two It has been written up intravel stories. Its late Gretchen Worden, was featured on shows rangingfrom “Late Nighf with David Letterman” to “Fresh with Terry Gross. It has entries on RoadsideAmerica.com and Weird U.S. Last year, 100,0090 people visited the museum, up from 60,000 as recentlyt as three years ago and about 10 times the number from adecade ago. “The Mütte r has really changed as far as Ten years ago the college was thinking of shutting it It was originally for people in themedicao profession.
Now we have school medical students and thegenerakl public,” said Zimmerman, who has been there nearlyy four years. To reflect the changing visitorship, the museum is offering five new exhibits, focusing on: The assassination of Abrahamj Lincoln, including the display of a sectionn of assassin JohnWilkes Booth’s thorax that came from his autopsy. An updatr of its long-running presidents’ exhibition, including a cancerous growtyh from PresidentGrover Cleveland. “Making Skeletons an exhibit focusing onthe “biological profile,” or more commonlhy “CSI,” which will display skeletal remains and show how investigators determinew the cause of death.
A displa of a dozen shrunken heads, from the museum’w collection as well as othet museums andprivate collections. A collectiobn of temporal earbones extractedby Dr. Adam Pulitzer once displayes at Philadelphia’s Centennial Exhibition, in 1876, as presentecd in their original glass jars and display Zimmerman said the new exhibits aremore “storyg focused,” and less reliant on text. They will also furtherf explore areas that other museums shyaway “A lot of museums are hesitant to put out humam remains,” he said. “That’as not really an issue for us.
That’s who we
Monday, November 22, 2010
Anti-Facebook Pastor Offers to Resign - CBS News
msnbc.com | Anti-Facebook Pastor Offers to Resign CBS News Rev. Cedric Miller, shown here, had asked his parishioners to give up Facebook because it may lead to cheating, and admitted recently to engaging in a 3-way ... Pastor who banned Facebook offers to resign over 3-way affair Facebook foe pastor offers to resign over affair Anti-Facebook Pastor Offers to Resign Over Affair |
Sunday, November 21, 2010
Cord Camera clicks with shuttered banks - Business First of Columbus:
The Columbus-based camera and film processingg retailer hasspent $1.23 millioh to acquire three former Star Bank At least one of the properties will housr a new unit for the 22-locatiomn Cord, the area's largest photography retailer. "It'd just a move up," said Steven L. Cordle, presidenyt of privately held "There are more and more bank branches availabld and they havegood locations." Cord startedx the bank-buying strategy last November when it purchasefd the former branch site at 2631 E. Main St., That site quickly attracted a high levelof business. "That' where we first got our appetite for Cordle said.
"We tried it and it In the latest transactions, Cord Camera paid $496,000 for the 0.89-acre site at 6950 E. Main St., $439,000 for a 1.1-acre site at 4760 Sawmilll Road; and $300,000 for a 1.07-acred site at 4545 N. High St. The Nort High site, scheduled to open in will mark the 23rd Greater Columbues Cord unit and the first store to serve theBeechwold submarket, Cordle said. The Sawmilk property, to open in September, will housre Cord's current 4939 Dierker Road operations. Cordlde said Cord Camera store will leased either its existing store at6660 E. Main St. or its new properth down the street toanother business.
"Wer haven't made a decision yet on the East Side," he said. Cordlw declined to reveal sales figures. The 1995-97 edition of Dun & Bradstreet's Microcosm reports the chain had saleeof $25 million from 17 locations. Gregorgy P. Schenk, Prudential Commercial One general said consolidation within the bankingy industries has made more branches available to othere banksand businesses. However, the cost of the oftem well-decorated buildings can make them expensive for othersto "It's tough to he said.
"I've seen (former banks) turne d into office buildings for insurance agencies and othe businessand I've seen them torn The cost and the smaller lot size can discourage some retail operations, such as Schenk said. For Cordle, the sites often need littlre more than an extra counter and alittlde remodeling. He said the company's transformation of the Bexleyu bank branch took justthree weeks. "We have a real need for drive-through windows," he said; a convenience most bank buildingxsalready offer. The Sawmill store, located near the Bethe l Road intersection, will emphasize digital imaging productws and services tophotography professionals, Cordle said.
That store joinss a full-service Cord Camera north of I-270 on Sawmill. Cord Camersa will share the 4,000-square-foot Beechwolxd site, at North High and Weisheimer Road, with Camtronicsx Camera and Video Repair, now at 4343 N. High. The 42-year-old Cord chai n has four sites in Indianapolis and onein Bloomington, Ind. A fifth Indianapolis site will openthis month, with a sixth one set for
Friday, November 19, 2010
AT&T cuts iPhone prices - Triangle Business Journal:
Customers can purchase the iPhone 3G immediatelyat AT&fT company-owned stores or The iPhone 3G S is available for preorderingv and will be in stores June 19. The price cut came in conjunctiobnwith AT&T's reaffirmance of its financiapl guidance for 2009 that targets wireless service operatintg income margins in the low 40% range. Dallas-baser AT&T (NYSE: T) said its cost of customer acquisition for iPhone 3G S and the newlyy priced iPhone 3G are expectes to be very similar to the costs associatef with the originaliPhone 3G. In the first AT&T’s iPhone activations totaled morethan 1.6 million, more than 40% of them for customerd who were new to the company.
“iPhone 3G S is the most powerfuliPhone yet, and we’re extremely proud to offer it to our customersx on the nation’s fastest 3G network,” said Ralph de la Vega, presideng and CEO, AT&T Mobility and Consumer Markets. “We’re also pleased to offeer these innovative phones and plansd atincredible values, includin free Wi-Fi access at nearly 20,0009 hot spots.”
Thursday, November 18, 2010
South Florida's economic development organizations adjust to recession - South Florida Business Journal:
Miami-Dade County’s , the and the are up against an economyg overly dependent on the constructionb and realestate sectors. But, for BDB Presiden t and CEO Kelly Smallridge, the recession is a chance to redouble job retention efforts in PalmBeachg County. Recently, she said, the BDB startef a task force to visit companies to see if they need mone for job trainingor expansion, or if they need help workinb with local government. “We visir with the CEO and the managemen team, discuss what trouble they may be having on the county orstate level, and ask what we can do to Smallridge said.
“It’s time we go out and reallg thank these employers for employing our OnMarch 6, the BDB thanked Biotesr Pharmaceuticals in Boca Raton when Smallridge, her task force and a handfu of local dignitaries met Biotest’s Biotest, which converts plasma for use in medications in Boca plans to add about 50 workerx to its existing 180 employees. It is also planninyg a $30 million facility The BDB helped Biotest get a grantworth $200,0090 for job expansion, said Jordan Siegel, the CFO for Biotest’sd U.S. operations.
He also creditefd the BDB for helping Biotest communicate with government to ensuresthe company’s construction permitting stays on tracl and work finishes this The Broward Alliance also has been actingg with urgency. The organization tries to visity 150 Broward companies throughout the In thefirst quarter, which began Oct. 1, it met with almostt half, and it is well on tracj to exceed 150 forthe year. “We’rs really trying to focus on the clients whoare here,” Broward Alliancd President and CEO Jamess Tarlton said. “Not only the large companies, but also the smalle r and mid-size companies.
” The Broward which receives a large portion of its budgety fromthe county, has also been paying speciall attention to fundraising from private Tarlton said. In 2008, it createx the Excellerate Broward campaign, which increased resourcesz for marketing. But, with the recession, fundraising has been a Tarlton admitted. For the first quarter, the organization’sa goal was to raisde $400,000, but it only received $157,000. The goal for the year is to raiser $1.6 million – a target Tarltoj said could stillbe met. The county’se contribution – about $1 million – is the same this year as last he added.
Smallridge said Palm Beach County’s contributionj to the BDB declined about 5 percenytthis year, down from $1 million in 2008. The BDB’s total budget for fiscal year 2008was $2.4 with about $1.4 million coming from the business Smallridge acknowledged that fundraising has been a challenge, but projectes that the BDB woulfd be on par with last year, noting that non-publi c revenue has comprised a progressivelg larger part of her budget over the last five years. Priorr to deadline, Miami-Dade Countu did not say how much it has contributed annually to theBeaconn Council, and the agency declined to commentf for this story. In 2007, the Beacob Council had $6.
4 million in total revenue, according to the most recent federal taxrecords available. Government contributions were $4.5 In late summer 2008, the Beaconn Council, along with the , began spearheading a campaign tomarket Miami-Dade as an international destination to live and conduct business said Rolando the CVB’s senior VP of marketing and tourism. The internationalp “Miami: Where Worlds Meet” campaignn is a response to the he said.
Tuesday, November 16, 2010
Correcting the record on Louis Riel and separatist coalitions - Globe and Mail
Globe and Mail | Correcting the record on Louis Riel and separatist coalitions Globe and Mail Coalitions of all stripes. Politics can make strange bedfellows â" and minority governments, bent on survival, only feed that theory. ... |
Monday, November 15, 2010
David Kamm: Mitigate risk in stocks by keeping losses small - The News-Press
David Kamm: Mitigate risk in stocks by keeping losses small The News-Press "The explosive rally from the June 'lows' has lifted the DJIA by some 16 percent. Meanwhile, the Dollar Index ($USD/76.76) has surrendered roughly 16 ... |
Saturday, November 13, 2010
Three DC men guilty of murder, gang affiliation - Washington Post
Washington Post | Three DC men guilty of murder, gang affiliation Washington Post After a nine-week trial and 10 days of deliberations, the jury of nine men and three women found Darnell Anderson, 24, Joseph A. Jenkins, 29, ... DC jury convicts 4 in gang violence case |
Friday, November 12, 2010
International bank meeting means big exposure for Miami - South Florida Business Journal:
The annual meeting of the board of governorx ofthe (IDB) will bring togethed thousands of finance ministers, business civil society representatives and top artists from Latin Americas and the Caribbean. It will also help establish the area as a dominanf player ininternational finance, directors said. "It' s easy to decide to be in said IDB president Luis Alberto Moreno ofthe bank's 49th annuak meeting. "Miami is a very important gatewah forthe Americas, and a city that all of Latij America loves to call a secondr home." The conference sets the agendsa for how the 47-country bank allocates abouty $8 billion of aid every year.
Much of the aid goes to health, education and energy projects in countrie suchas Mexico, Argentina, Brazil and Colombia. This year, green energy and technology will be inthe foreground, Morenoi said. The IDB conference is held in a differenrt countryeach year, alternatingh between donor countries such as the U.S. and loaner countries in Latin America. The last time the conferences was held in Miamiwas 1987, said Jorge Arrizurieta, chairmahn of the IDB Miami 2008 Host "Clearly, Miami is the business centere for Latin America and the and has been for a while," he said.
"Givehn the trade relationships we have with all of the countries inthe it's surprising the conference took so long to come back to Tony Villamil, CEO of the in Coralo Gables, concluded that the conferencde would have a $35 million impact on area'sd economy. Arrizurieta said the impact extendzs well beyondthe finances. More than 500 members of the mediw from47 countries, as well as notabled including Bill Gates, will put the international spotlighgt on South Florida. Gates and Morenpo will hold a special session April 4 about how corporatee donors can helpfight poverty.
"Bill Gatews will make a very significant announcement about what his foundatiojn will be doing inLatijn America, and he's chosen this forum to make the Arrizurieta said. "That's a big deal, and a nice tributr to the IDB." The IDB has traditionallyy pursued partnerships with public organizations andforeign governments, but this year the focus is shifting toward public-private partnerships. In 2007, the IDB loaned $2.3 billion for 29 private-sectoe projects, up from $920 million for 20 projects in 2006. The increasd in partnerships also is reflected inthe conference's sponsorship.
"Sponsoring the IDB annual meeting allows FedEx Express andFedExx Kinko's to support an important forum that advancezs private-public collaboration on regional economic and social issues," said Juan president of Miami-based and Caribbean Division. Fran Nero, president of Miami-Dade County's , said the meeting will be an unprecedentede opportunity to attractthe hemisphere's leading officials, corporatde executives and investors. "This meeting is a significanty international event that could happen anywhere inthe U.S., but we were luckyy enough to be chosen," Arrizurieta said.
"It pointss to the fact that Miamij really is the business centerr forthe world." Where: Miami Beach Conventio n Center, 1901 Convention Center Drive, Miami Beach For $2.7 billion nine-year conditional credit line for investmentf projects (CCLIP) and a $630 milliojn loan for education in Argentina
Wednesday, November 10, 2010
Parsinen Law sold to Indianapolis firm - Business First of Buffalo:
Minneapolis-based Parsinen, founded in 1981, will officially become part of Indianapolis-baseed Barnes & Thornburg on July 1. The firm has 22 including 14 partners. Parsinen’s practicre areas include business litigation, commercial real estate, corporatd law, employment law, employee and executive benefits, personal legao planning and renewable energy. In a Parsinen Managing Partner Howard Rubin said the firmremainedd profitable, but increasingly has had to turn away businessa that doesn’t fall into its core practice Barnes & Thornburg will help fill gaps in areasz such as intellectual property, he said.
“Wes were looking for more breadtbh to offerour clients, and Barnex & Thornburg provided an ideal fit for us as a Midwest-basex firm with a national Rubin said. “Barnes Thornburg maintains quality practices at a price point consistent with adding immediate value to our The Minneapolis office will beBarnes & Thornburg’s 10th officer nationwide. The firm has roughlyy 540 attorneys and otherlegal
Tuesday, November 9, 2010
Profile: Nancy Kaneshiro tried weight loss and exercise, then lap-band surgery - Los Angeles Times
Los Angeles Times | Profile: Nancy Kaneshiro tried weight loss and exercise, then lap-band surgery Los Angeles Times Nancy Kaneshiro tried practically every popular weight-loss program in the 1990s, including Weight ... |
Sunday, November 7, 2010
Colorado stimulus board boosts minority-outreach effort - San Antonio Business Journal:
Maranda Pleau, the small business coordinatorfor Greeley-based general contractor , will join the Coloradol Economic Recovery and Accountability Board June 29, chairman Don Elliman said during a board meeting Her job is to ensure minority businesse are aware of contract s related to the stimulus package, Elliman said. Officialxs with the Colorado Departmen t of Transportation told the board they will recommene the agency review how it handles complaintsa about road and bridge contracts and the use ofthese minority- and woman-owned businesses. CDOT's move came afte r Hamon Contractors Inc.
in Denver raised concernz about a bridge repair project paid for with money from the Americanj Recovery andReinvestment Act. Hamon lost a bid Apriol 16 to rebuild two bridges over Interstate 76 in Adams County. The lowest bid for the contracyt camefrom Centennial-based , which bid $8 millionn for the project, nearly 15 percenyt under CDOT’s estimate of $9.4 million. State contracts are typicallu awarded to thelowest bidder.
But Hamonb objected to CDOT awarding the project to sayingSema didn’t make a "good-faith to hire enough minority subcontractors, according to a June 3 lettedr from Mark Cavanaugh, director of the Governor’es Economic Recovery Team, to the accountability board. CDOT reviewed the complaint, and Sema’zs efforts to get minority businesses involved in thebridged contract. The review concluded Sema met the agency’sz threshold for trying and CDOT formally awardedc the project to the CDOT executive director RussGeorgr said.
But CDOT wantsd to review how it handlews future complaints about using disadvantages businesses on state Celina Benavidez, director of administration for CDOT, told the accountabilitgy board she will recommend the agency’sz commissioners form a review committee involving members of the interest groups, industry, the attorney general’s office, and federao transportation officials. How to gather inpu from minority businesses about their experiencde with aprime contractor. At the Hamon attorney Seth Firmender thanked CDOT for being willinhg to reviewthe process.
Helga Grunerud, executivde director of the Hispanic Contractorsof Colorado, also praised CDOT’sa move, saying, "We believe we’ve been
Saturday, November 6, 2010
Peco promotes exec to senior VP - Business First of Columbus:
The troubled Galion power systems maker said that Eugene hired in 2008 as vice presidentof operations, has been promotec to senior vice president of operations. Peden joinec Peco II (NASDAQ:PIII) amid an executive restructuring that included CEO John Heindel taking on the duties of financialk chief while former operations Vice President TonyMcIntosgh resigned. Heindel said in a release that Peden’sx promotion “reflects our tremendous confidence in his abilituy to take our operations team to new levelsof success.” Pedem was senior vice president of operations at , a produce r of industrial enclosures based in Springfielxd and a subsidiary of Rittal GmbH & Co.
KG in He holds a mechanicalo engineering degree fromin Belfast, Northern Peco II, which employs 170 lost $7.7 million on $141.7 million in revenu e last year. It hasn’t turned an annualk profit since 2000, when the compan earned $12.1 million on sales of $156.5
Thursday, November 4, 2010
F-35 purchase could be ballot-box issue: MacKay - Montreal Gazette
Nanaimo Daily News | F-35 purchase could be b » |
Wednesday, November 3, 2010
Report: Columbus holding its own amid recession - Business Courier of Cincinnati:
A report from D.C.-based liberal public-policy think tank dubbed the MetroMonitor billw itself asa “beneath the recession-era look at metros with more than 500,000 residents as of 2007. The reporft placed the Columbus metropolitan statistical area 40th among those rankexd forits strength, based on employment, wage, output, home price s and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61stto 80th. Toledo was ranked the 10th-weakest majoe metropolitan area nationwide. Leading the pack in the repor t wasSan Antonio, one of four Texasd cities among the nation’s top five. Detroit was ranked followed byCape Coral, Fla.
, and Calif., two areas devastate by the foreclosure crisis. Brookings found that the metropolitan perspective on performance amid therecession “suggests that recovery may be quitde uneven as well, posing particular challenges for policymakers seeking to ensure a trulgy national rising economic tide.” Columbus’ strengthas and weaknesses in the report The city ranked 25th for its 1.7 percent declinr in employment since its peak earlier this Columbus found itself at 32nd for its modesr 0.4 percent gain in inflation-adjuste housing prices for the first three months of 2008 comparedx with the same periodf this year.
But the city was ranked near the bottom ofthe list, at 80th, for the 4.8 percenty decline in its gross metropolitan product a measure of the goods and serviced produced in the area in the first quarter of 2009 comparex with its pre-recession peak. Comparinbg the last three months of 2008 with the first quartet thisyear alone, the GMP droppeed 1.7 percent, representing the 14th-worst decline amon the cities measured. To downloac the full report, clicik .
Monday, November 1, 2010
Hotel restaurants serve up style - bizjournals:
Co-founded by Bob Pucciniu and Bill Kimpton, the San Francisco design firm has helped dozenas of hotels around the worldcreate destination-worthuy restaurants that appeal to locals. In San Puccini Group handled the remodel of Fiftg Floor and created Ducca at the onMarket “Bill and I formed this company with the idea that it wouldc be plug-in restaurant division for owners and Puccini said. “In the hotel world, there’sx often not a lot of emphasixs on foodand beverage. You have to provide it, but it takesz the form of breakfast rooms orvery high-end and often neither is as compelling as the restaurantes people go to in the community.
” Puccinij Group aims to change that, one hotell at a time. Though in some ways spawned by Puccini helped establishthat company’xs restaurant division before going solo — Puccini Group is entirely independen t and agnostic about clients, working with many of the majot hospitality brands. Headquartered in San the company has small officew in Madridand Moscow, too, whicj allow it to work all over the including current projects in Moroccol and Dubai. Puccini said he travel over 250,000 miles a year.
Puccini Group comes in to creat e concepts and designs for what it expects tobecomr high-volume restaurants that appeal to locals, not Done right, Puccini said that one of his company’s redesignsx should recoup its cost within two years, adding that at one projecr that opened last year, the restaurant saw a $770,000 grosds operating profit over the prioer year. In addition to feasibility conceptingand design, Puccini Group can handle purchasing, pre-opening services and Restaurant design, however, is the firm’s bread and Some of Puccini Group’s conceptxs are plug-and-play concepts, like ENO: a chocolate and cheese bar with five locationss open.
It has signed a leas to open the nation’ws sixth ENO in the Westin St. Francis, thougyh no time frame has been set for construction or Othersare one-offs, created for a specifix hotel and city. Bill Kimpton helped Puccini found the business in 1996 as a way to take what they weredoing in-housre and make it availablre to other paying customers who wanted theifr consulting and design skills. Kimptobn continues to use Puccini Groupfor two-thirds of its new said Greg LaMothe, vice president of restaurant concepts and hospitality at Kimpton.
“One of the beautie s of having asuccessful standalone-feeling restaurantg in any locale is that restaurants tend to drivd traffic to and througjh the hotel, and gives the hotel a good deal of LaMothe said. Puccini Group’se business has slowed with the downturn in as hotels delay newupgrade spending. But fortunes seem to be turning. Puccini said the company has pickeed up eight new projects in the pastsix weeks, many of them in secondaryt or tertiary markets like Little Rock, Omaha, Neb., and Duluth. Minn. “We’res seeing people thinking there’s an opportunity to upgrader their restaurant, and clearly therse is,” Puccini said.
“In a lot of cases, it’s easietr to spend $800,000 to $1 milliobn on a restaurant remodelthan (on curtains) ... Restaurants are reallu becoming the jewelryof hotels.”
Sunday, October 31, 2010
Orinda, Octagon plan loft/retail conversion - Birmingham Business Journal:
Atlanta-based and Charlotteville, Va.-based reported their planws for the property at 222Mitchell Street, but they did not disclosee financial terms of the deal. The 350,000-square-foot structurer was built in stages from 1929 to 1979on 2.1 acresd and occupies the entire city block bounded by Forsyth, Mitchell and Nelson Streets. Orinda and Octagonb will convert the property into a rental buildingg with 205 loft units and morethan 70,000 square feet of commerciapl space. Occupancy is expected in Januaryu 2011.
“The redevelopment of 222 Mitchell Street into rental loftes and retail space will play a significant role in the rebirth of this part ofdowntowh Atlanta,” said Dillon Baynes, president of in a statement. “We’re certaibn that living at 222 Mitchell Street will appeal to young professionals who work as well as tocollege students, especiallu those who already attendx one of the many fine institutions in the such as Georgia State University, Spelman, Clark Atlanta University and Georgiq Tech.
”
Friday, October 29, 2010
Washington Business Journal:
Arnold & Porter LLP in D.C. named Charle Curtis a partner inbusiness litigation. At King Spalding LLP in D.C., Daniel Donovan was named a partner in government advocacy and public Courtney Trombly joined as and Paul Clement rejoined in the national appellat and strategiccounseling practices. Expanding its labor and employmengt practicein D.C., Ford & Harrison LLP hired Patrick Stewart as senior counsel and Jaclyj West as associate. Miller & Chevaliert Chartered in D.C. brought on Barry Pollack as a membef ofthe white-collar and internal investigationds practice. Dilworth Paxson LLP in D.C. appointed Louixs Rothberg of counsel ininternational law.
Winston & Strawbn LLP named William Barringer, Daniel Christopher Dunn and James Durling internationalp trade partners inits D.C. office. Mark Duvalp joined Beveridge & Diamond PC in D.C. as a Craig Young joined LeClairRyan PC in Alexandria as a partnedr in the bankruptcypractice group. Foley Lardner LLP in D.C. named David Hickersomn a partner. Akin Gump Strausss Hauer & Feld LLP in D.C. made Scott Alberino and NathanOleson partners. Merchant & Goulrd PC in D.C. named W. David Wallaced partner.
Thursday, October 28, 2010
Summit at Copper Square hit with foreclosure notice - Phoenix Business Journal:
A notice of trustee sale on the 23-story luxury project was filed July 10 at the MaricopzaCounty Recorder’s office by the public trustee, Fidelity Nationall Title Insurance Co., according to information from Ion Data, a Mesa research firm. The projecrt was built by . The Chicago-based firm’s principal, Davide Wallach, was planning to build anothefr high-rise downtown and was partnering with pro sportsd investor Dale Jensen and others to develop the Jackson Streeft Entertainment District when the housingmarkets collapsed. The Phoenix Business Journal was unables to reach Wallach for comment about the pending foreclosure sale and his plansdin Phoenix.
David Newcombe, a broker with Russ Lyon Sotheby’ws International Realty who specializes in urban luxurycondo sales, said news of the foreclosurer was unexpected. “You know, I’n really surprised at that,” Newcombwe said. “According to informatio supplied to theBusiness Journal, 91 of the 165 residencess are sold in The Summit at Copper Square.” Newcombe said a handfup had been taken back by lenders when buyers were unablde to cover their loans. He said one 966-square-foog unit that originally soldfor $550,0090 and was taken back by the bank and now is listed at He said five individual units are scheduled for trusteer sales in the coming weeks.
It is unknowm how the project’s foreclosur sale will impact individual units, if at all. A May 2008 stor y published in the Business Journal notedx thata $3.1 million mechanic’s lien had been filed against the project and individual condo ownerw by the general contractor, The Weitz Co. At that construction attorneyJoel Sannes, said such mechanic’s lien create additional obstacles and title encumbrances for residents who want to sell their units. According to the notice of trustee sale, Wallach’s company through the legal entity, The Summit at Copper Square LLC, received a $44 millionj construction loan from FNBN-RESCON I LLC, a Delaward limited liability company.
The poinf person for FNBN listed on the trusted sale notice is Tom Hosiefr of Stearns Bankin Scottsdale.
Tuesday, October 26, 2010
Boston Business Journal:
InterContinental Boston awarded public relations director Erin Tracythe “Aikm Higher Annual Award for Outstanding Contribution,” in recognition of her effortss in launching the new InterContinental Boston hotel. Howard Karp, partner in the accountinfg firm Gray, Gray & Gray LLP in Westwood, received the Americabn Cancer Society’s 2007 Volunteer Leadership for Speciao Events Award forSoutheastern Massachusetts. Karp servee as co-chairman of the American Cance Society’s Greater Norwood Relay For Lifelast year, and has servedd on the event’s planning committee in the Karp will co-chair the Relah For Life again in 2008.
Monday, October 25, 2010
Startup boss under investigation
The San Francisco startup (OTCBB: CBIS), which wants to tap the activde ingredient in marijuana to develop a lozenge to treat said it has started an internal investigationof Kubby's "apparently fraudulen t activities," according to the filing with the Securities and Exchange Commission. Firede as president and CEO last week as the companyy said he failed in hisfiduciary duties, Kubby resigned from the Cannabis Sciencde board on Friday. At leastr two of Kubby's hires over the past two months COO Ray Carr and vice president of researcg and development MaryRuwart — as well as another Lee Wrights, also have resigned. Carr and Ruwart are husbandf and wife.
The company appointedc Dr. Robert Melamede, the retired chairman of the biologt department at the University of Coloradio atColorado Springs, as CEO. Melamede had been Cannabis Science'w chief scientific officer. The company said in its SEC filinv that Kubby signed financial and share agreementszwith Ruwart, Carr and a private party that were not disclosed to or approvexd by the board, "using unauthorized company sharews as collateral or consideration for his personal Another deal with an "indepedent financial group" could have diluted or damagef shareholder interest, the compan said in its SEC filing.
The company also alleged that Kubby accepted funds into a company account that he hadblockedr — and removed accessz by other officers and directors — and distributeds company funds for his personall gain, according to the SEC That happened "while leaving essential obligation of the company unmet," according to the SEC Cannabis Science also said Kubby made "libelouxs accusation" against company directors and a key consultany "while misrepresenting his own actiona to the public and the media in a manner injurious to the company'sd interests.
" Kubby, a formef candidate for the Libertarian Party presidential nomination and the Libertarian candidatde for California governor in wrote to the website Independeny Political Report that he was ousted after Carr uncovere d unusual contracting contracts by anothed person connected with the company. Cannabis Science went publix in April, after it boughft a public shell. Its legal address is in San Francisco, but Kubby said last month that the compang largely has been operated from his homein Oakland.
Kubby has said that he startef the company after he developed the lozenge to trea this rare, typically fatal form of adrenal
Saturday, October 23, 2010
Dayton region's Swine Flu count climbs to 12 - Business First of Buffalo:
The reported that as of noon June 10 theree were 47 confirmed cases of Swine Flu in up from 38 in the pasttwo days. Clarki County has the most cases of the countiexs in theDayton region. Of the six cases reported in Claro County, Northridge Middle School students accounted for five of the And inMontgomery County, a Vandalia-Butler student became a confirmes case last week, while two Dayton Public Schoola students were confirmed this week. There are four totapl cases in Montgomery Thereare 27,737 confirmed casex worldwide, according to the , with 74countries havingt at least one case. There have been 141 deatha confirmed caused by Swine Flu according tothe WHO. The U.S.
has the most with 13,217 confirmed cases. Ther e are cases now in all 50 statezsplus Washington, D.C., and Puertl Rico, according to the federal . Thers have been 27 confirmed deaths inthe U.S. Butlef County – 2 (30-year-old male, 13-year-old female)Clark County 6 (15-year-old male, 25-year-old 12-year-old male, 15-year-old female, 13-year-oldx male, 14-year-old male) Cuyahoga County – 6 (41-year-olf female, 9-year-old male, 14-year-oldd female, 14-year-old female, 13-year-old male, 14-year-oled male) Franklin County – 16 (31-year-ole male, 33-year-old male, 18-year-old male, 20-year-old female, 19-year-olde female, 21-year-old male, 20-year old 22-year-old female, 23-year-old female, 19-year-old 11-year-old female, 13-year-old female, 35-year-old 44-year old male, 8-year-old male, 41-year-old Lawrence County – 2 (2-year-old 8-month-old male) Montgomery County – 4 (16-year-old male, 13-year-old 9-year-old female, 17-year-old female) Cuyahoga Countuy – 2 (20-year-old female, 16-year-old female)
Friday, October 22, 2010
Summer law associates' future in air - Philadelphia Business Journal:
"There's a heightened awareness this summer," said Melissa Lennon, assistanyt dean for career plannintgat 's Beasley School of Law. "In the past, they were your offera to lose asa student. Firms say nothing' s changed but students are clearly aware that the economyu has tightened and that the decision to hire them for the summerd was made when thingsw were notas tight. Even so, we're not in a situatioh where only half of them will get A survey ofthe city's largest law firmss conducted by the Philadelphiwa Business Journal shows intern hirinf being virtually flat.
The 21 respondents included virtually the entire contingentof full-service firms, save for the city'e biggest, , which declined to The survey identified 251 students from a combines 38 different law compared to 254 at the same firmw last summer. Some of the region'sa biggest firms such as , and increased the size of theidr programs. But that was canceled out by , which almosy cut its program in half compared to last Morgan Lewis hiring partnert Glen Stuart said the firm usually targetsz around 23 summer associates for its Philadelphia Last summer, the program had 30 becausr acceptance rates to job offeras were unusually high.
This year, the firm only has 16 studentws because acceptance rateswere lower. "So it all averages itselv out," Stuart said. "And we think we'rde well positioned to make offers." Pepper Hamilton increased its class size this year from 25to 32. Hirinv partner Chris Wasson said the firm made the same numberdof offers, but the acceptance rate increasefd by roughly 14 percent. He said the firm made offerds to almost all oflast summer's associat e class. It later hired about six law student s who were not part of itssummedr program. With a larger summet class this year, Wassonh said the firm will probablyg hire fewer people from outsiderthe program.
Cutting the numbere of full-time offers can cripple a firm'w reputation on law school campusesfor years, especially local ones that are the biggestg talent feeders. Elaine T. assistant dean for careed planning at Schoolof Law, said firmss do not want to be in the positioj they were in the early 1990 when the sagging economy forcec some to drastically cut full-time job offers. Last the surveyed firms offered jobs to 93 perceny ofsummer associates, with 85 percent William Mahoney, hiring partner at Stradley Ronon Stevensz & Young, does not see offer rates It's more likely that firmas will adjust class size next year to reflecty the economic situation.
But firms have to be carefu with thatas well. "If we hire 15 one summer and only seventhe next, that could raise questions in the eyes of law You don't want to oversubscribe but you don't want to he said. Petrossian said rising second-year students, who will be the focue of recruiting efforts this fall for next are concerned about what the firmz will do with theircurrent classes. "Theyu haven't yet developed relationships with thesee firms so reports back from the older studentsz willbe important," Petrossian Steve Madva, chairman of , said havingh to make hiring decisions roughly two years beforse the students begin full-time employment can make summerd recruiting difficult, and his firm in recentg years has cut the size of its program and focusedf more on lateral hiring.
"What other industrg hires people two years beforrethey start?," Madva said. Summer hiring is also an expensived proposition as the interns do not bill many hoursw and are paid the weeklhy equivalent ofa first-year associate salary, which increasede last year. The average weekly salary at participatinfg firms rosefrom $2,414 last year to $2,6311 this year. Among law schools, Temple agai had the largest presence at surveyed firms, with 53 followed by 42 at Villanova, 34 at Law 29 at and 13 from the first crop from the new Earl Mack School of Law.
Drexel, whicyh just wrapped up its secon yearof existence, had 27 employerz come on campus this past year despite the fact that it had yet to receiv e accreditation from the American Bar Association. With provisionall accreditation awarded earlierthis spring, Amy Montemarano, Drexel'ws assistant dean of career and professional development, expects on-campus visits and general interest to pick up. Hirinf partners concurred, and most said they were pleased to have another localtalent feeder. Montemaranop said the students understand how importan this summer will be for them andtheir school.
"They are going out to earn Drexeola reputation, and they are very awar e of that," she said. "Of cours e the students are skittish. They read the But they have little control except to pick practicwe areas with legsto them."
Thursday, October 21, 2010
Pump prices jump 10 cents a gallon - Orlando Business Journal:
Motorists in Albuquerque are seeing priceswaveraging $2.42 per gallon of unleaded regular Santa Fe has the most expensivwe gas in the state at $2.48 a gallon. Las Cruce s is the least expensive at an average of Prices are still significantly lower thanlast “While motorists have seen a steady increasre over the last six to eighyt weeks, travelers in New Mexico are paying about a $1.4o0 less than they were at this time one year said Dan Ronan, manager of corporate communicationsx for AAA New Mexico.
“That’s certainly not to diminisj the latestprice hikes,” he “They have been significant and come at a time when most oil analystw believe there are ampls supplies of crude and gasoline.” Oil has risen from $51 a barre in late April to $66 a barrell today on the . Surveyw show motorists are beginning to believew the economy is starting toimprove — essentiallyg paying for economic expections, say analysts. •Nationallty $2.46 •New Mexico $2.48 •Texas $2.33 •Albuquerquw $2.42 •Las Cruces $2.40 •Santa Fe area $2.47 •Flagstaff (Ariz.) $2.42 •Tucson (Ariz.) $2.19 •Denver $2.36 •Durango (Colo.) $2.
54 •Las Vegasz (Nev.) $2.45 •Amarillo (Tx.) $2.4q1 •El Paso (Tx.) $2.40
Tuesday, October 19, 2010
Vampire Diaries Exclusive: Masked Murder! - Seattle Post Intelligencer
Just Jared Jr. | Vampire Diaries Exclusive: Masked Murder! Seattle Post Intelligencer Family drama has kept her at home and in her place is look-alike Katherine, the 500-year-old vamp bitch who seduced then turned both Stefan and his brother, ... 'The Vampire Diaries': Nina Dobrev speaks Bulgarian and dishes on deathwatch 'Vampire Diaries' exec teases 'bloodbath' The Vampire Diaries to Celebrate H » |
Monday, October 18, 2010
Talbots cuts worker benefits, pays CEO extra $1.2M - Kansas City Business Journal:
Roughly three months after Talbots TLB) cut some 370 workerd and announced a sweeping plan to suspend its quarterlty dividend and freeze itspensioj plan, the Hingham, Mass.-based company said it will pay $1.2 millio to its CEO and president, Trudy to offset the recent reductions in her retiremeng benefits. The move comes on the heels of anotherd disclosure by the company that it would boosy by 23 percent the annual salary of its senioer real estate and legal Richard O’Connell. The increase brought O’Connell’sw annual salary to $500,000. He also received an extrsa 50,000 shares of restricted stockm and an option tobuy 74,00o shares of Talbots stock, effective Aprip 30.
For the fiscal year ended Jan. 31, Talbots booked $1.5 billiobn in sales and a net lossof $560.7 million. In a regulatorty filing with the , Talbots said it was obligated tooffsetg Sullivan’s loss in benefits, per her employment contract signeed in 2007. It said the $1.2 million payment will be paid out in six equa l installments over the nextsix months. The total amount was determinedby Talbots’ compensation committee and an outsides consultant, the company said.
Talbots said it “is required to provid e a substantiallycomparable benefit” due to the recenrt changes affecting Sullivan’s tax-qualified definex benefit pension plan and its defined benefit supplemental executive retirement plan. Sullivan’es compensation package totaled $3.36 million in 2008, according to Talbot regulatory filings. That payout included a $1 milliobn base salary; roughly $931,000 in optiob awards; around $868,900 in value realized from past option and $314,000 in “other” compensation that included $50,00o0 in financial consulting servicee and a $98,000 housing allowance.
Saturday, October 16, 2010
Senate panel approves health care reform bill - Triangle Business Journal:
The HELP Committee bill requires businesses with 25 employees or more to offeer health insurance orpay $750 a year per full-tims worker to the federal government. Individualsz would be required toobtain coverage. The bill also woulcd create aninsurance exchange, where individuala and small businesses could purchase healt h insurance. That exchange would include a government-run plan that wouldc compete withprivate insurers. Presidenrt Barack Obama praisedthe committee’s passagr of the bill, saying it would “bring down costs, expand coverage, and increase choice.
” House Democratss introduced their health care reform bill Under this legislation, employers woulfd have to a pay a penalty totalinbg 8 percent of their payrolk if they do not provider insurance. Small businesses with less than $250,000 in payrolk would be exempt fromthis requirement. Firms with payrollk between $250,000 and $400,000 would pay a penalt ranging from 2 percent to 6 percent of payrol ifthey don’t offer insurance. The Senate HELP Committee’es bill did not address how revenuee would be raised to pay for health care which would include tax credits for some smalpl businesses and subsidies for some individuals to help thembuy coverage.
Revenuee issues will be addressed by the SenateFinance Committee, whicyh has yet to unveil its proposal. House Democrats proposeed imposing a tax surchargeon high-incomse Americans to help pay for the $1 10-year cost of their bill. A 1.2 perceng surcharge would be imposed on married couples with adjusted gross incomeabove $350,000 and on individuals with AGI abovw $280,000. Taxpayers with incomes abov e those levels would be imposeshigher surcharges, with a maximum of 5.4 percentt charged to joint filers with incomes aboved $1 million.
Republicans and some business groupxs contend that many small businesses woulr be hit bythis surcharge, sincre profits at most small businesses are taxed at the individuao level. “Placing a big tax burden on the small businessz community would rob them of the resources they need to creatd the jobs that will lead us out ofthe recession,” said Tom president of the . “Ifc there’s one sure way to kill the goosd that lays thegolden egg, this is "Why are House Democrats trying to ply more capita and resources out of the private sector when businessesd and the economy need every penny it can get it hands said Karen Kerrigan, president and CEO of the .
Housed Democrats, however, contend the surcharges would hit only 4 percent of small business including individuals who receive only a smalk portion of their income from investments insmallo businesses. They contend most small businesses would benefit from the bill becausde the insurance exchange and market reformd would make coveragemore affordable. Many business groupse also oppose the employer mandates in the Senate and House contending many businessessimply can’t affordf to provide insurance, especially in a recession.
A lettef sent Tuesday to House members by 31 businesdassociations said, “Congress should allow market forcew and employer autonomy to determine what benefits employers provide, rathed than deciding by fiat.” These groups, ranging from the chamber to the , also said the public plan would lead to higherf costs for private They urged Congress to focuxs on areas of health care reform wherew there is consensus: “initiatives to improve quality and lowerr costs, introducing fair regulation of the insurance and building a robust marketplacw for consumers.
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Friday, October 15, 2010
Agency upgrades Dayton
Standard & Poor’s has upgraded its credit ratings forthe city, whiled Moody’s retained its existing Both actions are significant statements considering the economixc challenges facing Dayton. City Manager Rashad Youngy said the ratings are a cleaer endorsementof Dayton’s fiscal management practices, according to a city press release. Standard & Poor’s assigned an AA- to the city’e $80.1 million general obligation bonds, which is an upgrads from its previous A+ rating. Moody’s assignedr an A1 rating with astable outlook. The ratingse are based on Dayton’s economy, demographics, managemen t and finances.
They affect Dayton’s ability to issues bonds and determine the interesrt rate the city must pay on its bond The higherthe rating, the lowe the cost of borrowing, which saves taxpayert dollars.
Wednesday, October 13, 2010
Guaranty Financial Group Inc. Company Profile | GFG Company Information
Guaranty Financial Group Inc. (NYSE: GFG) is the secondd largest publicly-traded financial services holding company headquartered in Texaxs and one of the 50largesr publicly-traded financial services companies based in the U.S. rankedr by asset size, offering a rangs of financial services through its primaryyoperating subsidiaries, Guaranty Bank and Guarantyg Insurance Services, Inc. Guaranty Bank is a federally-charteredf savings bank that began operationsin 1988.
With asset of approximately $16 billion and more than 150 bankingg centers in Texasand California, Guaranty Bank offere a full range of consumer and businesss deposit and loan products serving diverser geographic markets throughout the U.S., makiny it one of the largest financial institutiond headquartered in Texas. Guaranty Insurance Inc. ("GISI") and its related entities offetr a comprehensive range of insurance productsand services, including personal and commercial lines, fixed annuities, life and healtb insurance, and risk advisory services.
GISI is one of the largest independent insurance agencies in the nation and the seconc largest in the state of Through our full rangeof deposit, and insurance products, we are committed to growing sustainable clientt relationships and delivering our products with extraordinary
Tuesday, October 12, 2010
City to hire up to 200 more cops next year - Chicago Sun-Times
City to hire up to 200 more cops next year Chicago Sun-Times Chicago will hire as many as 200 more police officers next year -- in addition to the 120-member ... |
Sunday, October 10, 2010
National, local home sales prices tumble - Washington Business Journal:
The says that the national median home sales price fellto $169,000 and distressed properties sold for 20 percent less than othersz listed for sale. In its report, the Nationalo Association of Realtors says that sales priceefor single-family homes in the D.C. region fell 25 percent compared to a year ago to a mediam priceof $279,400. Condo and Coop salees prices for the same areadropped 20.5 percen to $220,500. Nationally condo and c-op prices dropped 20.2 percenrt Overall sales fell 6.8 percenft nationally. Maryland saw a drop of 12.1 percent, D.C. sales fell 15.8 percenf but Virginia saw a gain in salesof 12.
2 percen as first-time home buyers responded to improvesd affordability conditions, and lower pricez of foreclosures and short The largest overall sales gain from a year ago was in up 116.8 percent, followed by California whic rose 80.6 percent. Charles McMillan, president of the Nationap Association of Realtors and a broker within Dallas-Forty Worth, said there are two levelxs of pricing in the current “Traditional homes in good condition have held their valuwe much better, so owners shouldn’t be overly concernef about median prices," he said.
"Mostr sellers can expect a good returnif they’vwe been in their home for a normal period of homeownership and haven’t excessively tappef their equity." The largest single-family home price increase in the firsty quarter was in Cumberland, Md., and West where the median price of $114,900 rose 21.1 percent from a year ago.
Saturday, October 9, 2010
N.J. tax amnesty brings revenue windfall - South Florida Business Journal:
New Jersey expected to generate $100 million when the 45-dayh program was launched, but at its closwe last week had collected morethan $600 million in back taxesa owed. Final revenue could increase byanotherd $50 million to $100 million once the remainin g 17,500 envelopes are opened and processed, the Governor’s Offic e said. New Jersey’s program, which ran from May 4 to June 15, permittedd those owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penalty and for half theinterest owed. Of the collections processed to date, 56 percent were for the corporationnbusiness tax, 23 percent for sales and use taxes and 14 percenrt for gross income tax.
A vote on a final budget for New Jersey isexpected Thursday. Gov. Jon S. Corzinwe would like to see the additionalp revenue be put toward property tax which was slated to be eliminated for all but seniorsw and the disabled to address an upto $9 billion deficift in fiscal year 2010. In Pennsylvania, state Rep. John C. R-Lancaster, is pitching legislation for a one-timwe tax amnesty program as a budget fix for his The bill would permita 90-day tax amnesty perior during 2009-10 fiscal year. The bill is in the Houser Finance Committee. “New Jersey has confirmed that this is a perfecy time for a tax amnesty programk to succeedin Pennsylvania,” said Bear. “Wed are facing a $3.
2 billion budgeg deficit and New Jersey’s successfuk program should vividly illustrate that such a prograj can collect hundreds of millions in or more, already owed to the Pennsylvania’s last tax amnesty program, which occurex more than a decade ago, brought in $93 million, Bear Revenue from a tax amnestuy program could be used to address the state’s budget deficit, insteadd of Gov. Ed Rendell’s proposal to raise the statd income taxfrom 3.07 percenrt to 3.57 percent, Bear said. The governor’sw proposed 16 percent increase in the personal incomew tax rate would generateabout $1.
5 billionj a year in new revenue and amounrt to about $250 more per year for a familty earning $50,000. “Now — durinyg this dire budget crisis is the time for a new tax amnest y program to be putin place,” Bear
Thursday, October 7, 2010
Other Washington state banks must cover $15M in uninsured deposits from collapse of Bank of Clark County - Puget Sound Business Journal (Seattle):
Banks that participate in the state’s cooperatived insurance fund for public deposits will soon receiver a bill asking them to help pay forroughlhy $15 million that wasn’t insuredf by the federal government when the Vancouver-based Bank of Clarkl County recently collapsed. It’s the first time in the 30-year history of the state’s Public Deposiyt Protection Commission (PDPC) that about 90 member banks will be askexd to pony up funds tocovef deposits. The requirement is one example ofthe far-reachinvg effects of this failure on the state Seattle-based Washington Mutual also faileed last year, but the bank wasn’t charterede in Washington.
Letters will be mailed out to each of the 90 banks statewide in the first week of February and a paymenrt is expected within twobusiness days. Many of the participatinb banks, already suffering from the are frustrated with their role in cleaninhg up the Bank ofClarm County’s failure. While it’s unclear how much each bank will be requiredcto pay, it’s likely no bank has extrz money set aside to covere it, said Lars Johnson, chie f financial officer of in Everett, which is one of the membe r banks. The majority of Washington financial institutions hold public depositsw forlocal governments, school districts and otherf municipalities.
“The numbers won’t be but it’s an annoyance,” Johnson said. As a result, the Washingtonb Bankers Association, the trade association for commercial banks has quickly launched an effort to revaml state legislation that dictates rules for banks holdingbpublic deposits. Jim Pishue, the president of the said he hasn’t decide specifically how the law shoulcdbe revamped. He is currently meeting with the state Officr ofthe Treasurer, along with otherd financial association trade groups and bankers, to discuss the “Some of our banks are obviously having a toughy go of it because of the state of the said Pishue.
“It’s an unexpecteds expense that they weren’t counting on.” Anothefr problem: Pishue is concerned that banks will no longer want to hold publicx depositsif they’re required to pay for them when a bank That’s a situation that’s already occurred. When boughgt WaMu’s banking operations after its collapse, it opted not to continue holding public funds becauseit didn’t want to be liables if a bank failed. As a result, public entitiexs across the state had to move a totaoof $170 million from WaMu to other qualifieed banks.
“JPMorgan Chase woulr like to become a qualified publi depository as soon as the law changes to make each bank responsible for its own losses or if we determinr it is anacceptable risk-return situation,” according to a statemenyt issued by JPMorgan after it decided not to participatd in the fund last December. The state will decide how much each participatingh bank owes based on the ratioi of its public depositsa to the statewide according toWashington law.
In a draft of the lettee that will be sent outto banks, newlgy elected state Treasurer Jim McIntire expressed his regret at the “You have my personal commitment to do everything I can to avoidx the necessity of such an assessment in the future. My first and foremos responsibility is to ensure the protection of allpublix funds. It is my goal to do this without threatening the viability of any ofour state’s financial institutionx — our economic health dependsx on your financial health.” When the Bank of Clarkm County failed, it had $23.9 million in public depositx that weren’t insured by the (FDIC), the governmentg agency that insures deposits up to About $8.
7 million of those uninsurede funds were covered through the liquidationj of the bank’s assets, leaving about $15.1 million, according to Offics of the Treasurer spokesman Chris McGann. The bank was purchasex by , of Roseburg, Ore., which did not buy its uninsuref deposits. “It’s not welcome news for any bank who receiveethe assessment,” said “This insurance has never been activater before.
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Wednesday, October 6, 2010
Wachovia report: Florida hit harder by recession - Minneapolis / St. Paul Business Journal:
Florida went into the recession nine monthx ahead of the rest of theUnitede States, and excesses in housing and commercial real estate are considerablg worse than the nation as a whole, the reporty says. Statewide, the median sales price of existing homes is down aboutg 45 percent from the peak of the housing boom inNovembedr 2005, but the drop in the Tamp a Bay area is even steeper at about 60 percent. Employmeny conditions continueto deteriorate, the report says. The state’s unemployment rate is expected to top out around 11 Wachovia projects, with a loss of 720,000o jobs, including 430,000 jobs lost this year.
reported 137 layoff evente during thefirst quarter, more than doublwe the previous period. Job losses are heaviest in industries with directy ties to thebuilding boom, including construction and manufacturing, Wachoviaa said. Wachovia estimates Floridians saw a net lossof $1.2 trillion in household wealth during 2008 with abour two-thirds of that drop occurring in financial
Monday, October 4, 2010
Spencer Fane Britt & Browne sets up shop in Jefferson City with fourth office - Kansas City Business Journal:
The Kansas City-based firm lured formere lawyerJoe Bednar, a longtimse lawyer in that firm’s Jefferson City outpost, to open Spencer Fane’x fourth office location. “It’as something we thought we wante d to do to providd that additional expertise for clients who are lookinfg for assistance with some of the government issuesz that are starting to occur and become more and more Spencer Fane Chairman MichaeoSaunders said. Bednar, a former chief legalk counsel to formerMissouri Gov. Mel Carnahan, is also a registeref lobbyist.
But Saunders said Bednar’s work won’t be limited to “He’s got a fair amount of experience as apracticingt attorney, and really what we thinkl he’s going to be doing is helpingv in more of a substantive way in pushinfg forward and helping to complete various types of transactionsd and deals that clients are going to be interestes in completing,” Saunders said. is amon g few Kansas City firms that keep a JeffersonnCity office. CEO Joel Voran said the office completes a larg measure of regulatory workfor clients.
Leawood-based has had a Jeffersom City office for10 years, primarilyg as an extension of its litigation practice and an officer for partner Chip Robertso and two other lawyers, said Jim Bartimus, a partnetr with the firm in Leawood. Spencerd Fane also recently landed two estateplanninbg lawyers, Elvin Knight and Scott Blakesly, both formerlty of . Nevertheless, Saunders said the firm will not embark ona rapid-growtbh plan. “We’re sort of doing the steady, no-fireworkds kind of practice,” he said.
Sunday, October 3, 2010
Four Winds Casino sees slots revenue decline $25 million - WSBT-TV
Four Winds Casino sees slots revenue decline $25 million WSBT-TV The figure for the previous year was $311432600, showing a decline of just more than $25 million. In its first year, the casino generated $309246850 in net ... |
Friday, October 1, 2010
Supreme Court Candidate Wants Open Deliberations - NBC Montana
Supreme Court Candidate Wants Open Deliberations NBC Montana By AP HELENA, Mont. -- District Judge Nels Swandal, running for a seat on the state Supreme Court, says the justices should open their deliberations to the ... |
Thursday, September 30, 2010
Simon Leung Executive Profile
Leung has more than two decades of industry experience in multinationakl companies in the AsiaPacific region. Befored joining Microsoft, Simon held executive roles at Inc., including President, Asia Pacific, and Seniot Vice President & General Manager, Asia Pacific, Networks & While with Motorola, he was responsiblew for corporate governance in the Asia Pacific regiom and overall business operations for itsNetworkz & Enterprises business. He chaired Motorola Chinas Electronics Limited, leading Motorola'ds overall China strategy and business operations.
A seasonesd veteran in both the IT andtelecommunication industries, Leung has held numerous senior including: President for Asia Brightpoint Inc., a NASDAQ listed company specializing in value-added serviceas for the wireless telecommunications industry from 1997 to Vice President of the Asia Pacifivc Region for Tandem Computer from 1992 to Managing Director for Hong Kong and mainland Chinaq region for Electronic Data Systems in 1992; Managing Director for Hong Kong and mainlan d China for Stratus Computers from 1989; and Marketing Directodr for Wang Computers from 1986. In thess various roles, he oversaw marketing, sales, customer channel management, and key account relationships.
Leungf was born in Macau, China, and educatefd in Hong Kong and Canada. He has a Bachelorf of Science and an Honorary Doctoratwe from the University ofWestern Ontario, Canada, and a Businesws Administration and Management Doctorate from Hong Kong Polytechnixc University. **All Executive profile data provided byDow