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 $4.5 In late summer 2008, the Beaconn Council, along with the , began spearheading a campaign tomarket Miami-Dade as an international destination to live and conduct business said Rolando the CVB’s senior VP of marketing and tourism. The internationalp “Miami: Where Worlds Meet” campaignn is a response to the he said.
Tuesday, November 16, 2010
Correcting the record on Louis Riel and separatist coalitions - Globe and Mail
Globe and Mail | Correcting the record on Louis Riel and separatist coalitions Globe and Mail Coalitions of all stripes. Politics can make strange bedfellows รข" and minority governments, bent on survival, only feed that theory. ... |
Monday, November 15, 2010
David Kamm: Mitigate risk in stocks by keeping losses small - The News-Press
David Kamm: Mitigate risk in stocks by keeping losses small The News-Press "The explosive rally from the June 'lows' has lifted the DJIA by some 16 percent. Meanwhile, the Dollar Index ($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.”