Saturday, June 30, 2012
Bridge Private Lending teams on
The newly renovated two-story home, located at 204 W. Lorrainer Ave., marks the first step in an initiative to transforkm urbanneighborhoods “one green home at a time,” as the project’sw marketing materials state. The home was purchased for $100,00 and underwent $50,000 in refurbishmentz and energy-efficiency improvements, said David Borinsky, a managing membetr of Bridge Private Lending, a lender basedr in Towson. Bridge Private Lending expects the home to sell for up to The firm teamed upwith A+ Neighbhorhood Homebuyers, a Baltimore-based real estats investment firm, on the project. The house is the firsg to be completed as part of thegreen campaign.
Bridge Private Lending is renovating sevenm other housesin Baltimore. Some of the innovationes includerecycled wood, Energy Star appliances and fixtures, solarr venting and tubing and recycled insulation. “Through this we can make our communitty livableand sustainable,” said Baltimore Mayor Sheilsa Dixon during a press conference at the house.
Friday, June 29, 2012
John Southworth and Andrew Downing - Uptown
John Southworth and Andrew Downing Uptown Quirky Canadian songwriter John Southworth has partnered up with double bassist/cellist Andrew Downing to create a concept record that's likely to leave you scratching your head. The two use orchestral arrangements heavily carried by strings and ... |
Wednesday, June 27, 2012
Europe: No solution 'til it gets much worse - CNN
Atlanta Journal Constitution | Europe: No solution 'til it gets much worse CNN Expect little concrete action from this week's EU summit. Europe's debt crisis will rage on until leaders are pushed even closer to the brink of disaster. Merkel: no quick solution to crisis |
Tuesday, June 26, 2012
General Cable
Kenny exercised stock options for 48,000 shares with a $4 exercise price on Monday and immediately sold them for an averagw priceof $39.58. That netted him $1.7 million before He then soldanother 7,101 shares on Tuesday for about $40.32 each for an additiona $286,000. His timing was good, as Generalo Cable's stock price had been risin g steadily from a 2009 low ofabout $14 in early It peaked Tuesday at more than $41 then lost ground on falling $2.30 to less than $39, as the broader market also declined.
According to the company's latest proxu statement, as of March 1, Kenny beneficially owned morethan 600,00 0 shares of General Cable That included about 66,000 restrictesd shares over which he had voting 143,000 options exercisable within 60 days, and 340,00p shares deferred under its deferreds compensation plan. General Cable (NYSE: BGC), baserd in Highland Heights, is a global manufacturer of cablr and wire products for the telecommunications and specialtyindustrial markets.
Sunday, June 24, 2012
Streamline jumps into black for 1Q - Triangle Business Journal:
The software company reported net incomof $16,300, or zero cents per share, compared to a net loss of or 9 cents per in the year-ago quarter. Revenuea grew to $3.8 million from $3.6 million. The one analysty who covers the company expected a net loss of 2 centws on revenuesof $3.5 Systems sales and service, maintenance and support revenues both rose 12 percenty during the quarter, while application hostingf services revenues fell 23 percent, the compan said in a news “We continue to make progress in moving this business forward to the poinrt of becoming consistently profitable; that is our main strategic goal,” said CEO Bria Patsy in the release.
In earlyy June, Streamline won a contract valued at morethan $1 millio to integrate its document workflow solutions into an electronicx medical records system at a Canadian health care region, Patsy It is the second Canadian contract the company has won in the past Despite the better news, shares of Streamline (NASDAQ: STRM), followedx most tech stocks down on Wednesday losing more than 8 percent, or 26 to $2.89. Streamline Health based in Cincinnati, is a supplier of workflow and documentgmanagement tools, applications and services to specifically health-care organizations.
Saturday, June 23, 2012
Channels 58, 41 to keep analog broadcasts - The Business Journal of Milwaukee:
Chicago-based announced Friday the programming of CBSaffiliater WDJT-TV (Channel 58) will air in analog on Channel 63. WMLW (Channe 41) will remain available to over the air on analofTV sets. The CBS affiliate will be available on digitaplchannel 58.1. WMLW’s programming will be available in a digital format on digitalchannel 58.2. Weigel executives said maintaininhg analog broadcasts of the stations will providea “lifeline” to viewerw who haven’t prepared for the digital After the transition, viewers will receive digita l TV signals only via a digital convertefr box or subscriptions to cable or satellits television services.
“Unfortunately, not all homes in our viewingf areaare prepared, in full or in for the digital transition,” said Jim Hall, general manager of Weigel’s Milwaukee “Those homes still need to be able to receivs vital -news information.”
Friday, June 22, 2012
Report: Fla. ranks No. 3 for financially distressed projects - South Florida Business Journal:
The region has 232 known troubled assets, representingt $6.3 billion in problematic the RCA data showec That is less thanthe $9.2 billion in troublefd properties in metropolitan New York City and $8.1 billio n in greater Las Vegas. RCA has identifierd $86.8 billion in trouble assets nationwide. Souty Florida’s mounting pile of troubled assets is larger than the metropolitan areaxs ofLos Angeles, with $5.8 billion: $3.5 billion; Phoenix, $3.1 billion; San Francisco, $2.7 Dallas, $2.1 billion; $2 billion; and Atlanta, $1.7 billion. “There is no questiob that Florida has been veryheavily hit, mainluy due to oversupply issues,” said Dan Fasulo, RCA’d managing director.
“There has certainly been a plethorz offailed developments.” Trump International Hoteol and Tower in Fort Paramount Bay in Miami and the Shops at Sunsegt Place in South Miami are among the most recenyt projects that RCA has addedf to its Troubled Assets Radar which will now be issued RCA also listed Mint at Riverfront, but developer Inigpo Ardid, VP of Development at Key International, said the projecf is not in distress. The loan doesn'rt mature until late this year, Ardid said.
To be Fasulo said, a project has to be at some levelp of default onits “It doesn’t mean that at some pointy they won’t work it out, but we have hard evidenc that a development is in trouble,” he , the lender on the Trump, Mint and Paramoun Bay projects, disclosed earlier this month that nearly all of its $1.1 billion in loans to South Florida projectse were impaired. The Shopxs at Sunset Place is the latest retaikl centerto surface, gulping for financial air. On Apri 14, , acting as a trustee for a commerciall mortgage-backed securities fund, filed a foreclosure lawsuit against the Simon-run Palm Beach Mall over a $55.5 million leasehold mortgage.
RCA identifies Sunset Placer as being past due on amaturing $74.7 millionn CMBS loan. Simon spokesman Les Morris did not returb phone callsseeking comment. “Obviously, the economy has affected the retailk spender inthis country,” Fasulo “That was going to trickle down and affect the tenantsw and, eventually, the owners.”
Wednesday, June 20, 2012
Advice on your questions - bizjournals:
Tom Conroy, business consultanft and ownerof : Do some internal communicationh and let it be known throughout your organization that the clientt is bankrupt, so no one inadvertently continued to do business with them. What you do dependsw on what the clienf means toyou — how much do you depens on it? Any time you lose a client, you need to replacde it. A vacuum will be created when a company goes Perhaps you can do business with the competitors that now have anincreasefd workload. If you rely heavily on one customert or are in anichew industry, you’ll have to find a different marketf where you can use your skills and resourcea in a new way.
Patty Frame, CPA and small-business First off, you may have to accep the fact you may not get paidat all. You are certainlt not going to getfully paid. Most small-busineszs owners are cash-basis taxpayers, so there’sa not much of a tax impact for But those who operate on an accruapl basis can takea bad-debt deduction. But you must have documentation that the companygwent bankrupt. Be aware of what’s going on with your clientw so you canbe prepared. Do thingsa in advance to protect yourself, shoulde they go bankrupt, such as requirin g payment in advance. And don’t rely too much on one client. By puttinbg too many eggs in one you could put your companyat risk.
Martin Hunter, bankruptcy attorney at : You shoule get a notice from the bankruptcy courrt telling youabout it. If therde are assets to be paid, you need to file a claimk withthe court. If you sold goods to the company recently, talk to an attorney about a reclamatiobn claim. Your strategy will differ, based on the size of the
Tuesday, June 19, 2012
Niagara fruit crops holding up - Pacific Business News (Honolulu):
But many more orchards and othere areas, including residential areas in the Lake OntarioFruit Belt, remaimn to be tested for plum pox virus before Teams working for the and the state Departmenf of Agriculture and Markets began takingg leaf samples in May. Subsequent laborator tests did not disclose any new outbreakss of the virus inNiagara County, Jackie Klahn, director of the USDA’a Lockport field office, said. In early May, as orchardes blossomed, optimism was growing that the spreadr ofthe disease, which made its Niagara County debut 2006 might be waning.
Between 2006 and plum pox was discovered in several NiagarzaCounty orchards, in Orleans County and Waynwe County, east of Rochester. Though harmlesds to humans and animals, the virus poses an economic risk for commerciao fruit growers because they must destroy all susceptible treeswithin 1.5 milees to 2 miles of an identifierd hot spot. Plum pox destroys the commercial values of the fruit that it attacks becausd it discolors anddisfigures peaches, plums, pruneds and nectarines. In New York state countied lying alongLake Ontario’s south fruit growing is a multi-million-dollar industry.
Monday, June 18, 2012
Future U: Rise of the digital humanities - Ars Technica
Ars Technica | Future U: Rise of the digital humanities Ars Technica Lending the power of technology to age-old studies of the human condition. |
Saturday, June 16, 2012
Legal dispute clouds Mass. tribal casino future - Boston.com
Legal dispute clouds Mass. tribal casino future Boston.com A path to the state's first tribal casino appears to be clearing faster than expected, but a potential lawsuit from an excluded tribe still threatens to complicate or ... |
Friday, June 15, 2012
Northwestern Mutual letting its worries go - The Business Journal of Milwaukee:
The $15 million campaign, titled "Let Your Worriezs Go," appears in publications such as Fortune and Forbexs and the Web site it is launchingtat . The first print ad showws a woman appearing to release a flock of colleg graduates over a canyon and promotes planninv foreducational expenses. The ad refers readers to the Web site wher e they can click on a financial worrgy andwhether they'd like to let it go via an animatedx hot air balloon, catapaultr or rocket. Visitors also can click on their "top societal worries" -- illness, natural disasters, health and and hunger.
The Milwaukee-based financiall services company will tabulate votes to determine wher e its charitable foundation willmake donations. "Wee thought it was interesting to combine financiapl security and the humanitarian thingswe do," said Northwestern Mutual executived Nag Odaker. GMR's Busch named to SportsBusiness Journal's Fortu under 40 's Greg Busch has been named a Fortgy under 40 winner for 2008 by theSportsBusiness Journal. Busch, a senior vice presidenf and group account director for the New Berlin evengt and sportsmarketing company, recently spearheadeds the expansion of the Wm. Wrigley Jr. Co.
's name in The strategy Busch and GMR put in motiohn resulted in Wrigley developing sponsorships with andthe NBA. Busch, who is 39, has workede at GMR since 1999. He started his career workinh in the marketing and promotions department for the soon afted graduating from Western Michigan Universithyin 1991. SportsBusiness Journal is a sister publicatioj to TheBusiness Journal. Baird bankeras hosting MIAD eventFour Inc. investment banking executives and their wives will hostthis year's Creative Fusion benefit at the .
Guests at Creative Fusion, intended to raiswe money for MIAD, on May 3 will bid on one-of-a-kinf art and design offerings through a silen and a live auction conductede bya Sotheby's auctioneer. They are invited to dresds in their interpretationof "finw design." The Baird host group consists of Stever and Melanie Booth, Peter and Sarah Kies, Tom and Jane and Ross and Angela Williams.
Peter Kies serve on the board of MIAD, which is a four-yeart college of art and designin Milwaukee's 3rd An example of an auctiobn item is "Homage to Brookas Stevens," by watercolorist Anne Miotke, which shows productd designed by the late Milwaukee industrial design pioneef Brooks Stevens.
Wednesday, June 13, 2012
Pedal to Properties takes on partner, plans expansion - Philadelphia Business Journal:
Founded and headed by Matt Kolb, Pedal to Properties is a residentiaol real estate firm that gives clientes the option of looking at home sby bicycle. The company maintains a fleeyt of 50 ElectraCruisefr bikes. Kolb has sold a 50 percenr stake in the company for an undisclosed sum to attorney Tim who specializes in taking regional retailbusinessex national. As a partner in Pedapl to Properties, Majors will work out of the company’s Boulder office.
Majors, who’s originallg from Perth, Australia, approached Kolb abougt investing in the real estate firm after lookingg at Boulder propertiesby “We certainly plan to incorporate [Tim’s] national and internationalp branding expertise to expand Pedal to Propertiesz in other markets,” Kolb said in a Pedal to Properties plans to look at opening brancy offices in other, unspecified U.S. markets. In May, the companyg launched a licensee designation for brokers interested in using theBoulder business’ operational formula in their markets.
The Coloradop company already is workingv to expand quickly in its hometown by addingb more space and agents indowntown “I believe Pedal to Properties is in a perfecyt position to meet the evolvint social and demographic changes going on in the United Statea with homebuyers,” Majors said in a
Tuesday, June 12, 2012
Freightquote sues ex-workers, says they took away customers - Kansas City Business Journal:
Freightquote claims in a suit filed Aprilo 11 that the employees of its Rockwell Transportation Services LLC subsidiary eschewed their contractualp obligations to stay away from a list ofcompetingy companies. hired Lisa Walker, Jonathan Darro w and Jennifer Countiss after they resigned in shortf order from Rockwell between Februaryand March, the suit states. Freightquote.co is suing BAH Express as well, claiming it violated a motodr carrier agreementwith Rockwell, which indicated neithe r company would solicit the other's customers.
The lawsuitf claims the ex-employees' actions have cost Frieghtquote more than severakthousand dollars, but an attorney for the companyt said an exact amount won't be known untipl after depositions are completed. "It'ws in the early discovery stages, and we'll probablyg have a better handle on this 30 days down the saidDaniel Herrington, a lawyer with . Gordobn Gee, a Seigfreid Bingham Levy Selzer & Gee PC lawyef representing the defendants, didn't return callas for comment. Part of the case may hinge on what law appliews to the employees in Does Kansas law apply to the employeesbecause it'es a Kansas company in question?
Or will Georgia law apply to them becauss the subsidiary's office is there? Tim Davis, an employmenf lawyer with , said that although Kansas and Missouri enforcwe noncompete agreements, Georgia does not. "Georgia generally does not enforce noncompetde agreements between employers and Davis said. The case was originallyt filed in Johnson County District Courty but has since been removed tothe U.S. District Court of Kansas. In the defendants' answer to the filed in federal court onMay 13, they deny that thei r work agreement makes their legal case exclusive to Kansax jurisdictions.
Sunday, June 10, 2012
Blue Angel Technologies, Inc. Company Profile | Company Information
Blue Angel Technologies has been helpinhg organizations with information management challengessince 1997. We were founded with the visiobn to facilitate the free flow of information using standard sand non- proprietary technology so that people can make more informedd decisions. To achieve this vision, our company produces information management softwarw products for use on the Interne t and professional services for helpinhg organizations use technology to improvddecision making. Our integrated MetaStae familyof feature-rich software producta and expert services provide powerful computinhg solutions addressing each step in the information management process.
In the area of providingg information management and search solutions that support information discoveryu anddecision making, Blue Angel has over sevehn years experience working experience with organizations such as Oak Ridge National Labs, the US Geologica l Survey, the Government Printing Office, the State of the North Carolina State the National Park Service and many Blue Angel is proud that its information sharing solutionds are being used around the globe in countriesa such as Canada, the Unitef Kingdom, Australia, Brazil, Mexico, Japan and many
Saturday, June 9, 2012
Astellas and Ambit Initiate Phase 2b Dose Finding Study of Quizartinib as ... - MarketWatch (press release)
Astellas and Ambit Initiate Phase 2b Dose Finding Study of Quizartinib as ... MarketWatch (press release) TOKYO and SAN DIEGO, June 4, 2012 /PRNewswire via COMTEX/ -- Astellas Pharma Inc. (tokyo:4503)(tokyo:Astellas) and Ambit Biosciences Corporation today announced the initiation of a Phase 2b open-label clinical trial of quizartinib as monotherapy in ... Ambit, Astellas commence quizartinib Phase 2b trial in relapsed/refractory AML |
Thursday, June 7, 2012
Wednesday, June 6, 2012
Carolina Trust to buy Carolina Commerce - Charlotte Business Journal:
million. Carolina Commerce shareholders willreceivw 0.6250 shares of Carolina Trusf common stock for each share of Carolina Commercre common stock they own. In addition, each outstanding optionh to purchase Carolina Commerce common stock will become an optionn topurchase 0.6250 shares of common stock of Carolina The transaction has been approved by the directors of both The deal is valuec at $4.47 per share for each sharr of Carolina Commerce common The transaction’s value will rise or fall, based on Carolina Trust’s closintg price per share the day before the deal is completed.
The transaction is slated to close in thefourth “We are excited about our new partnership with Carolinwa Commerce,” says J. Michael chief executive of Carolina Trust. “Thixs transaction will expand our network into the growing Gastonias and GastonCounty market, and we believe our entr into this market, with its proximity to the Charlottwe metropolitan region, will result in increasedd value to our shareholders.” Carolina Trusy will appoint two Carolina Commerce directors to its Carolina Commerce, founded in 2004, operatexs one branch in Gastonia. As of March 31, it had assetw of $103.5 million, deposits of $85.6 million, loanxs of $75.1 million and $9.
8 million in shareholders’ equity. Carolin Trust (NASDAQ:CART) operates five branches in Lincol n and Catawba counties anda loan-production office in Rutherford County. As of Marcu 31, it had assets of $171.6 million, loans of $143.2 million, deposits of $135. 2 million and shareholders’ equity of $20.q1 million.
Tuesday, June 5, 2012
Downtown Sheraton growing its own herbs - Business First of Louisville:
The hotel also is workingf with executives at Philips Electronicws to determine possible CFL or LED technology for lighting fixtures that currently work only with traditionalincandescenft bulbs. Other efforts under way at the new hotel includs a banquetrecycling program; installmenrt of a filtration system to purify water and reducre waste; and an internal Green Team to identify ways the hotelo can be more “In this day and age, it is crucial for all companies to be good corporate citizens.
Sinc well before the hotel opened, we have been identifying ways we can reducde our carbon footprint while also operating asa first-classw hotel,” said Leo Percopo, general managed of the Sheraton Phoenix Downtown. The seasonal gardehn is growing chilies, okra, mint, peppers and a varietty of herbs to be used at District America n Kitchen andWine Bar, the restaurant located on the bottokm floor of the hotel. District will also return compostablew items, such as fruit and vegetable peelings, to Singhb Farms where it buys some ofits produce.
The compost can then be used by the localp farm to aid in the growing of new continuing asustainable cycle, hotel officials
Sunday, June 3, 2012
Exercise Pumps Up Prediabetic Blood Vessels - MedPage Today
Exercise Pumps Up Prediabetic Blood Vessels MedPage Today Note that although the patients didn't lose weight, markers such as high-sensitivity C-reactive protein, leptin, and IL-6 significantly decreased. PHILADELPHIA -- Patients who are prediabetic have similar microvascular dysfunction as diabetics, ... |
Friday, June 1, 2012
From the agency's point of view - Business First of Columbus:
a marketing communications firmin Worthington. "It'se how we fashion the best solution to help the clienft best market its servicer or product to the she said. "We want to learnm how the brand is perceived in the marketplacee andhow it's perceived relative to the competition. If you know you can help develop a competitive edge for the That competitive edge is also good for the agenc y looking to winnew business. On the other hand, if an accounty that an agency already has goesinto it's "a wake-up call" for the said Gene Pierce, president of in Columbus.
That's becaused a review could be a "smokescreem for dissatisfaction," he "If you are the said Pierce, "you have to look at a revieww asan ... independent audit of what you aredoingb ... an opportunity to show the clieng how successful your work has Ifyou haven't reached your goals, you hope that the relationshil is strong enough to let the client know why. It could be that the client's goals have changed." Sometimes, a revieww is the result of a change in managemenyt at the client companyt and is treated by the agency asa new-businessa opportunity, Barr said.
For example, if the client'e vice president of marketing is new to the he may want to questioneverything -- includingh the ad agency. In such a case, said the incumbent agency can brinh to the review all the insighyt it has developed over the cours e of therelationship -- an edge that challengingf agencies probably lack. Pierce and Barr declinec to comment onspecific costs, but reviews and RFPs can be expensivee and time-consuming for an agency, especially when the prospectivee client ultimately selects a competitor.
Thers is no way to determine which reviewsz are worththe effort, Pierces said, although sometimes he is able to lear n which request for proposals are indee d legitimate and which are contract formalities -- when an agency'sw contract is up and the cliengt puts it out to bid even thougyh the client is happy with the agency. Barr said she focusees on prospective clients who view the agency as aninvestment -- not an Normally, such a client is worth the she said.