exceeding-commissioner.blogspot.com
Synovis reported fourth-quarter net incomd from continuing operationsof $1.9 million, or 15 centws per diluted share, up from net incomer of $1.1 million, or 8 cents per diluted share, in the year-earlief period. Fiscal 2008 net earningzs from continuing operations roseto $6.2 or 48 cents per diluted share, up 85 perceny from $3.3 million, or 26 cents per diluted in fiscal 2007. Analystw polled by Thomson Reuters predictec fourth quarter net income of 12 to 15 centxsper share, and annual profit of 45 to 48 centsa per share. “We saw strong revenue contributions from everyproducy line,” said Richard Kramp, Synovis Life president and chief executive officer.
Kramp credited the company’s 43 U.S. salespeopls with driving up revenue and said the companyh plans to expand its sales staff by as many as 15 with up to seven beinfg hired in thefirst quarter. Synovies reported its fourth-quarter revenue rose to $12.7 a 24 percent increase over $10.e3 million in the year-ago period. For the it rose to $49.8 million, up 32 percen from $37.7 million in fiscal 2007. The companyu believes revenue will grow in the range of 20 percent to 25 percent infiscal 2009. Synovis stockk was up $1.17 per share, or 8.8 to $14.
47, in afternoon Nasdaq
Monday, January 30, 2012
Saturday, January 28, 2012
DiNome abandons quest to lead Reed Smith - Business First of Columbus:
oryucyjofec1482.blogspot.com
Reed Smith spokesman Dave Egan told the Pittsburgh Business Times that Jordan and DiNome issued a joint announcement tothe Pittsburgh-basecd firm Tuesday morning that DiNome has withdrawn his “They sat down and talked and discovered they had a lot of commob ground,” Egan said. “Many of the things John was concerneds about, Greg was working on. They agreed that the best thinf for the firm was to focus on business instead of reported last week that DiNome waschallenging Jordan, who was seekinv his fourth three-year term as managing partnerr of the law firm.
DiNome sent out a 10-page statement of candidacyu to all Reed Smith partners in whicb he questionedthe firm’s business the compensation and transparency of senior management, and called for a more independent executive The memo was obtained by the Business DiNome and Jordan had said they agreed to not speak publicly about the contested race to lead the 1,600-lawyerf firm, which has 150 lawyers in Philadelphia. The firm partnership will votein September; the winner, who will now certainlyh be Jordan, will start his new term in Jordan has not been opposed since he first soughtt the job in 2000, when he beat Philadelphia litigatot John Smith.
Jordan’s tenure has been viewed as extremely successful. He has grownb the firm through a series of significanyt mergers from 500 lawyer in nine officesto 1,600 lawyer s in 23 offices, including new ones in Europe, Asia and Focusing on a core group of practicesw with high billing rates, Jordan also drasticallhy increased the firm’s profitability. But with the economuy sagging, Reed Smith’s transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legap secretaries last summer and salaries forall U.S.
associatee by 10 percent last DiNome, a labor lawyer, joined as part of a group from Montgomery McCrackenWalker & Rhoads led by Karl Fritton in 1996. A graduatde of West Point, he spentr seven years in active duty as a fiel d artillery officer before attendintg Rutgers University Schoolof
Reed Smith spokesman Dave Egan told the Pittsburgh Business Times that Jordan and DiNome issued a joint announcement tothe Pittsburgh-basecd firm Tuesday morning that DiNome has withdrawn his “They sat down and talked and discovered they had a lot of commob ground,” Egan said. “Many of the things John was concerneds about, Greg was working on. They agreed that the best thinf for the firm was to focus on business instead of reported last week that DiNome waschallenging Jordan, who was seekinv his fourth three-year term as managing partnerr of the law firm.
DiNome sent out a 10-page statement of candidacyu to all Reed Smith partners in whicb he questionedthe firm’s business the compensation and transparency of senior management, and called for a more independent executive The memo was obtained by the Business DiNome and Jordan had said they agreed to not speak publicly about the contested race to lead the 1,600-lawyerf firm, which has 150 lawyers in Philadelphia. The firm partnership will votein September; the winner, who will now certainlyh be Jordan, will start his new term in Jordan has not been opposed since he first soughtt the job in 2000, when he beat Philadelphia litigatot John Smith.
Jordan’s tenure has been viewed as extremely successful. He has grownb the firm through a series of significanyt mergers from 500 lawyer in nine officesto 1,600 lawyer s in 23 offices, including new ones in Europe, Asia and Focusing on a core group of practicesw with high billing rates, Jordan also drasticallhy increased the firm’s profitability. But with the economuy sagging, Reed Smith’s transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legap secretaries last summer and salaries forall U.S.
associatee by 10 percent last DiNome, a labor lawyer, joined as part of a group from Montgomery McCrackenWalker & Rhoads led by Karl Fritton in 1996. A graduatde of West Point, he spentr seven years in active duty as a fiel d artillery officer before attendintg Rutgers University Schoolof
Wednesday, January 25, 2012
Divorce forms a step closer to reality - Austin News
http://www.collegecostshowmuch.com/2005/p_news/nit/2004/feb/20/usa-top4.html
Business Insider | Divorce forms a step closer to reality Austin News On Wednesday, the Supreme Court issued a letter to State Bar president Bob Black , which now kicks the forms review to the Supreme Court Advisory Committee. In April 2010, TAJC held a symposium where more than 120 professionals attended. Texas High Court Moves Forward to Create Divorce Forms UPDATED: Supreme Court Declines to Suspend Task Force's Work on Pro Se Divorce ... More Women "Like" Online Divorce Forms Website |
Monday, January 23, 2012
Yahoo! confirms WNY site - Orlando Business Journal:
yvejodo.wordpress.com
Yahoo!, Tuesday morning, confirmed it will be buildingthe 190,000-square-footf center that could employ, 125 people. Yahoo! has pegged a 30-acre site in the park for the Yahoo!’s decision is considered a majorf victory, especially against a backdrop of a weakened economyu where unemployment has increased in past year in Erie Counthyto 8.1 percent from 5.5 percent and in Niagara County to 9.3 percenty from 6.6 percent. “Thisz is a big win for the community,” said Tom president and chiefexecutive officer. “We won the Yahoo! was being courted by several statesincluding Ohio, Pennsylvania and Illinois for the All offered a handsome array of incentives.
“Whej a high tech company like Yahoo! picks a communitty like WesternNew York, it’s like a said Sen. Charles Schumer, New York’s senior senator, who playedf a key role in Lockport landing the data The region crafted its own aggressivew incentive package including the offering 15 megawattsof low-costf hydropower that could save Yahoo! an estimated $100 million over a 15-year period. also offered job training grants andother incentives. High levelp pitches also came from Gov. Davicd Paterson and Schumer. Schumer made personalo calls to Yahoo!
CEO Carolp Bartz to push the Kucharski said it also helped that the regionj offereda half-dozen sites and not just a singula r location. It also helped that a friendship quicklgy developed betweenthe Yahoo! site selectioj team and the local economic development community. “We developed a nice relationship with them and that helped make this Kucharski said. “They were impressed that every timethey called, we coulfd assemble our team on a very short notice and give them the answers they wanted.” Construction on the data center will begimn in August, said David Dibble, Yahoo! senior vice president. The center will be open by May.
Kucharski said therer is a myriad positives that will comefrom Yahoo!’xs decision. The BNE will use it in its outreach to othef companies itis courting, he said. “It confirms our abilitty to attract high tech and highprofile companies,” Kucharskk said. “To get a name company like Yahoo says a lot to the rest of the industrieaout there.” Yahoo! joins the ranks of , that have eithere opened or expanded back office operations in the region in recen t years. “You add it into the mix of the some of the othedcompanies we’ve landed and it becomes a very impressive Kucharski said.
Yahoo!, Tuesday morning, confirmed it will be buildingthe 190,000-square-footf center that could employ, 125 people. Yahoo! has pegged a 30-acre site in the park for the Yahoo!’s decision is considered a majorf victory, especially against a backdrop of a weakened economyu where unemployment has increased in past year in Erie Counthyto 8.1 percent from 5.5 percent and in Niagara County to 9.3 percenty from 6.6 percent. “Thisz is a big win for the community,” said Tom president and chiefexecutive officer. “We won the Yahoo! was being courted by several statesincluding Ohio, Pennsylvania and Illinois for the All offered a handsome array of incentives.
“Whej a high tech company like Yahoo! picks a communitty like WesternNew York, it’s like a said Sen. Charles Schumer, New York’s senior senator, who playedf a key role in Lockport landing the data The region crafted its own aggressivew incentive package including the offering 15 megawattsof low-costf hydropower that could save Yahoo! an estimated $100 million over a 15-year period. also offered job training grants andother incentives. High levelp pitches also came from Gov. Davicd Paterson and Schumer. Schumer made personalo calls to Yahoo!
CEO Carolp Bartz to push the Kucharski said it also helped that the regionj offereda half-dozen sites and not just a singula r location. It also helped that a friendship quicklgy developed betweenthe Yahoo! site selectioj team and the local economic development community. “We developed a nice relationship with them and that helped make this Kucharski said. “They were impressed that every timethey called, we coulfd assemble our team on a very short notice and give them the answers they wanted.” Construction on the data center will begimn in August, said David Dibble, Yahoo! senior vice president. The center will be open by May.
Kucharski said therer is a myriad positives that will comefrom Yahoo!’xs decision. The BNE will use it in its outreach to othef companies itis courting, he said. “It confirms our abilitty to attract high tech and highprofile companies,” Kucharskk said. “To get a name company like Yahoo says a lot to the rest of the industrieaout there.” Yahoo! joins the ranks of , that have eithere opened or expanded back office operations in the region in recen t years. “You add it into the mix of the some of the othedcompanies we’ve landed and it becomes a very impressive Kucharski said.
Saturday, January 21, 2012
Primavera Coffee in Cahaba Heights merges with Atlanta-based Octane Coffee - The Birmingham News - al.com (blog)
goldenayreyg1666.blogspot.com
The Birmingham News - al.com (blog) | Primavera Coffee in Cahaba Heights merges with Atlanta-based Octane Coffee The Birmingham News - al.com (blog) Burton's 6-year-old company -- Primavera Coffee in Cahaba Heights -- recently merged with Octane Coffee, a coffee shop company in Atlanta that was named by Bon Appetit magazine as one of nation's the top 10 coffee shops. A three-way merger, ... |
Thursday, January 19, 2012
D.C. Mayor taps Valerie Santos as deputy mayor - Washington Business Journal:
kdrummondbs37.blogspot.com
Santos, as chief operating officer undeer Albert, has been closely involved in decision-making on many of the real estatwe dealsAlbert managed, including major city projects such as Poplafr Point. Albert began his new job as city administratodon Monday, replacing Dan Tangherlini, who is takingt a job in the Obama "In Ms. Santos, we not only have a steady hand who knowxsthe job, we have someone who is a consummates professional who will bring private-sector talentsw to get the job done,” Fentyt said. Santos was previously a vice president at commercial real estate services firm and a managetrwith 's real estate group.
She holds both an MBA and master'ds of public policy from the Kenneduy School of Governmentat . Santosz has displayed a no-nonsense approach appearing as Albert’s stand-in to testify at D.C. Councilp meetings and in public forum s representing the city when he was She is already getting her feet wet in dealin g with the political aspects ofthe job. On Tuesday, when the D.C. Counci l was busy squaring away final details of budgetimplementatiob legislation, Santos and Albert’s other top Director of Development David Jannarone, moved around the Wilson Buildingv seeking changes from council Santos apparently was not Fenty’s initial choice to be deputy mayor.
Greg Washington Convention Center Authorit CEO and a former staff membet of thedeputy mayor’s office, had been consideref a top candidate to replace Albert, but a sources close to O'Dell says he was offered the job and turnedc it down. O’Dell wouldx not confirm that, but indicated he would remain in hiscurreny post, where he is now taskede with seeking public financing for all of a $550 milliobn convention center hotel. “The board and the mayort have every expectation of me completinvg all the tasks Ihave here,” he Fenty would not say whethefr he had offered the job to O’Dell or anyonr else before Santos.
He announced the pick outside the Walker Jones Elementary which is being rebuilt as part of a new Northwest One and said shewas “the first person who has risen to the deputy mayor’s position from within the “I think it’s a grea t sign for the D.C. government that not only does Valeriw Santos have amazing experience in the private sectof butthat she’s been hard at work servin g the people of the District of Columbia for the last two the mayor said.
He said Santos shared the visionb that he and Albert had for how economicf development in the city shouldbe run, not by owninyg or overly managing projects but by allowing the privatre sector to bring ideas to the city. “Wew should try to just facilitate We’ve got the greatest business communith in the world herein D.C. We don’yt need to try to replicate what they’r e doing. We don’t need an emphasis on owning or building inthe D.C. We need to facilitate. And to do so, we need to hire the best and the brightesytand we’ve done that.
” Santos, 36, who lives in Columbia was working for Jones Lang LaSalle as a consultantr to the city when Albert -- whom she calleed a mentor -- recruited her to work for him. She is believedd to be the first woman to serve in the rolefor D.C. and will manag e 65 employees and as well as oversee the Officeof Planning, Department of Housing and Community Development, the Offices of Property Management and the Washingtoh D.C. Economic Partnership, a contractor. “In the cominhg weeks my goal is to ensure a smooth which I expect will be relatively because I am very fortunater to manage a very talented and skilled team,” she said.
She said she wouled continue to move projects all over the with a particular focus on those east of theAnacostia River, such as the planned redevelopment of St. Elizabeths Hospital in Southeast D.C. “We will continue to focu s on implementingMayor Fenty’s vision for economic development. In the contexf of the current economic climate, we will focus on businesx attraction andretention efforts, and in continuing to providew tools to allow our local business and not-for-profitsx to grow,” she said. A member of the D.C.
Council who regularly butts headsswith Albert, Councilman Kwame Brown, D-at large and chair of the economic development committee, issued a press release during the announcementr saying he was disappointed he was not invitedc but saying Santos “has the experience and the operational for the job and that her appointment was “an opportunity to forge a new relationship betweem the Council and the executive to create jobs for District new opportunities for local businesses, more affordable housinhg and to efficiently move projectzs to completion.
”
Santos, as chief operating officer undeer Albert, has been closely involved in decision-making on many of the real estatwe dealsAlbert managed, including major city projects such as Poplafr Point. Albert began his new job as city administratodon Monday, replacing Dan Tangherlini, who is takingt a job in the Obama "In Ms. Santos, we not only have a steady hand who knowxsthe job, we have someone who is a consummates professional who will bring private-sector talentsw to get the job done,” Fentyt said. Santos was previously a vice president at commercial real estate services firm and a managetrwith 's real estate group.
She holds both an MBA and master'ds of public policy from the Kenneduy School of Governmentat . Santosz has displayed a no-nonsense approach appearing as Albert’s stand-in to testify at D.C. Councilp meetings and in public forum s representing the city when he was She is already getting her feet wet in dealin g with the political aspects ofthe job. On Tuesday, when the D.C. Counci l was busy squaring away final details of budgetimplementatiob legislation, Santos and Albert’s other top Director of Development David Jannarone, moved around the Wilson Buildingv seeking changes from council Santos apparently was not Fenty’s initial choice to be deputy mayor.
Greg Washington Convention Center Authorit CEO and a former staff membet of thedeputy mayor’s office, had been consideref a top candidate to replace Albert, but a sources close to O'Dell says he was offered the job and turnedc it down. O’Dell wouldx not confirm that, but indicated he would remain in hiscurreny post, where he is now taskede with seeking public financing for all of a $550 milliobn convention center hotel. “The board and the mayort have every expectation of me completinvg all the tasks Ihave here,” he Fenty would not say whethefr he had offered the job to O’Dell or anyonr else before Santos.
He announced the pick outside the Walker Jones Elementary which is being rebuilt as part of a new Northwest One and said shewas “the first person who has risen to the deputy mayor’s position from within the “I think it’s a grea t sign for the D.C. government that not only does Valeriw Santos have amazing experience in the private sectof butthat she’s been hard at work servin g the people of the District of Columbia for the last two the mayor said.
He said Santos shared the visionb that he and Albert had for how economicf development in the city shouldbe run, not by owninyg or overly managing projects but by allowing the privatre sector to bring ideas to the city. “Wew should try to just facilitate We’ve got the greatest business communith in the world herein D.C. We don’yt need to try to replicate what they’r e doing. We don’t need an emphasis on owning or building inthe D.C. We need to facilitate. And to do so, we need to hire the best and the brightesytand we’ve done that.
” Santos, 36, who lives in Columbia was working for Jones Lang LaSalle as a consultantr to the city when Albert -- whom she calleed a mentor -- recruited her to work for him. She is believedd to be the first woman to serve in the rolefor D.C. and will manag e 65 employees and as well as oversee the Officeof Planning, Department of Housing and Community Development, the Offices of Property Management and the Washingtoh D.C. Economic Partnership, a contractor. “In the cominhg weeks my goal is to ensure a smooth which I expect will be relatively because I am very fortunater to manage a very talented and skilled team,” she said.
She said she wouled continue to move projects all over the with a particular focus on those east of theAnacostia River, such as the planned redevelopment of St. Elizabeths Hospital in Southeast D.C. “We will continue to focu s on implementingMayor Fenty’s vision for economic development. In the contexf of the current economic climate, we will focus on businesx attraction andretention efforts, and in continuing to providew tools to allow our local business and not-for-profitsx to grow,” she said. A member of the D.C.
Council who regularly butts headsswith Albert, Councilman Kwame Brown, D-at large and chair of the economic development committee, issued a press release during the announcementr saying he was disappointed he was not invitedc but saying Santos “has the experience and the operational for the job and that her appointment was “an opportunity to forge a new relationship betweem the Council and the executive to create jobs for District new opportunities for local businesses, more affordable housinhg and to efficiently move projectzs to completion.
”
Tuesday, January 17, 2012
ACLU of Illinois Calls on Chicago City Council to Reject Ordinances Adding ... - MarketWatch (press release)
tarpleypymibujuh1491.blogspot.com
ACLU of Illinois Calls on Chicago City Council to Reject Ordinances Adding ... MarketWatch (press release) 17, 2012 /PRNewswire via COMTEX/ -- The American Civil Liberties Union of Illinois today called on members of the Chicago City Council to reject a series of proposed changes to ordinances that add unnecessary burdens to individuals and organizations ... |
Sunday, January 15, 2012
SEC charges Jaffe, other Madoff 'feeders' - Boston Business Journal:
ymekovo.wordpress.com
Among the defendants named in the suit isRobert Jaffe, the Boston-basede social maven who funneled more than $1 billion in referralxs to Madoff. The SEC alleges that Jaffe was compensateds for his services with outsized returnsx in his personal accountswith Madoff. According to the government’s complaint, each party stands accuse d of “knowingly or recklessly disregardingb facts indicating that Madoff was operating a In additionto Jaffe, the suit’s other named defendant s include California money manager Stanley Marcia Cohn and Maurice The Cohn’s served in senior roles with , an investmeny firm that is also a namedx defendant in the SEC’s suit.
Regulators say the Cohnx and Chais received hundreds of milliond of dollars in fees for managingh client money that was ultimately lost in theMadof scheme. “Madoff cultivated an air of exclusivithy by pretending that he was too successful to trouble himselv with marketing tonew investors,” said Robert director of the SEC’s divisiob of enforcement, in a prepared writtemn statement. “In fact, he needed a constanf in-flow of funds to sustain his fraud, and used his secret controlp of Cohmad toobtain them.
” For example, the SEC said the Cohna and Cohmad received fees for moneyt invested with Madoff, but were not paid if clients laterf withdrew more than what a client had initiallyy invested — even if, as Madoff often purported, the account had grownh considerably under his stewardship. So in the case of a cliengt whoinvested $10,000 and later on withdrew Cohmad recognized the accountr as having a value of negative $5,000. That accountingf entry would hold true even ifthe account, unded Madoff’s reporting, was said to be wortn $100,000 on paper.
In the case of Chais, who held himseltf out as an “investing wizard,” the SEC said in actualitu he wasan “unsophisticated investor who did nothinvg more than turn all of (his assets over to Madoff, while charginy the funds more than $250 million in among other accusations. Meanwhile, Chais and his famil y withdrew morethan $500 millionb more than they had actually invested with Madoff.
Among the defendants named in the suit isRobert Jaffe, the Boston-basede social maven who funneled more than $1 billion in referralxs to Madoff. The SEC alleges that Jaffe was compensateds for his services with outsized returnsx in his personal accountswith Madoff. According to the government’s complaint, each party stands accuse d of “knowingly or recklessly disregardingb facts indicating that Madoff was operating a In additionto Jaffe, the suit’s other named defendant s include California money manager Stanley Marcia Cohn and Maurice The Cohn’s served in senior roles with , an investmeny firm that is also a namedx defendant in the SEC’s suit.
Regulators say the Cohnx and Chais received hundreds of milliond of dollars in fees for managingh client money that was ultimately lost in theMadof scheme. “Madoff cultivated an air of exclusivithy by pretending that he was too successful to trouble himselv with marketing tonew investors,” said Robert director of the SEC’s divisiob of enforcement, in a prepared writtemn statement. “In fact, he needed a constanf in-flow of funds to sustain his fraud, and used his secret controlp of Cohmad toobtain them.
” For example, the SEC said the Cohna and Cohmad received fees for moneyt invested with Madoff, but were not paid if clients laterf withdrew more than what a client had initiallyy invested — even if, as Madoff often purported, the account had grownh considerably under his stewardship. So in the case of a cliengt whoinvested $10,000 and later on withdrew Cohmad recognized the accountr as having a value of negative $5,000. That accountingf entry would hold true even ifthe account, unded Madoff’s reporting, was said to be wortn $100,000 on paper.
In the case of Chais, who held himseltf out as an “investing wizard,” the SEC said in actualitu he wasan “unsophisticated investor who did nothinvg more than turn all of (his assets over to Madoff, while charginy the funds more than $250 million in among other accusations. Meanwhile, Chais and his famil y withdrew morethan $500 millionb more than they had actually invested with Madoff.
Thursday, January 12, 2012
16-Year-Old Feminist Launches 'The Fbomb' Blog for Teenage Girls
xagawu.wordpress.com
(Photo: "The Fbomb" stands defiantly for "feminist." "Thefbomb.org is for girls who have enougu social awareness to be angry and who want to verbalize their frustrations about injustice inthe world," says Zeilinger. "It is proud, aggressive, sarcastic...everything teenage feminists are and shouldbe today. Thefbomb.org's goal is to give fresnh and honest commentary on current issueds that young women care the mostabout -- like pop self-image, and friendships. But it is also about promotinh open dialogue about more seriouse issues like politics andsociaol justice. Sample blog headlines The conceptfor Thefbomb.
org was developed after yearsd of Zeilinger's personal frustration with the media's misrepresentation of youngf women in films like "Mean Girls" or televisioj shows like "Gossip Girl" that promotr the idea that young women only care about boys and "I kept seeing some of the smartesrt girls in school selling themselves shortt by buying into the 'mean girl mentality,'" says Zeilinger. "Thefbomb.org hopes to change that. Young feministas who are just a little bit pissed off and very outspoken are more thanwelcome here." Zeilinger is a high school sophomore at The Hawken Schooll in Gates Mills, Ohio.
She has received numerou s awards for writing including the MiddleSchool English/Humanities Book Awarr for 2006 and 2007. She is currently an intern at the .
(Photo: "The Fbomb" stands defiantly for "feminist." "Thefbomb.org is for girls who have enougu social awareness to be angry and who want to verbalize their frustrations about injustice inthe world," says Zeilinger. "It is proud, aggressive, sarcastic...everything teenage feminists are and shouldbe today. Thefbomb.org's goal is to give fresnh and honest commentary on current issueds that young women care the mostabout -- like pop self-image, and friendships. But it is also about promotinh open dialogue about more seriouse issues like politics andsociaol justice. Sample blog headlines The conceptfor Thefbomb.
org was developed after yearsd of Zeilinger's personal frustration with the media's misrepresentation of youngf women in films like "Mean Girls" or televisioj shows like "Gossip Girl" that promotr the idea that young women only care about boys and "I kept seeing some of the smartesrt girls in school selling themselves shortt by buying into the 'mean girl mentality,'" says Zeilinger. "Thefbomb.org hopes to change that. Young feministas who are just a little bit pissed off and very outspoken are more thanwelcome here." Zeilinger is a high school sophomore at The Hawken Schooll in Gates Mills, Ohio.
She has received numerou s awards for writing including the MiddleSchool English/Humanities Book Awarr for 2006 and 2007. She is currently an intern at the .
Tuesday, January 10, 2012
Solar Array, Gen. Mills detail expansions - New Mexico Business Weekly:
ernstiryastrov.blogspot.com
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturing facility Keith Bone, general manager of the local told members of . AED held its quarterlhy meeting Thursdayat . Joe Hudgins, president and CEO of Solard Array Ventures, outlined his company’s plan to build a massives solar manufacturing plant onthe city’s General Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60 additional bringing additional payroll to the areaof $3.5 million. The expansionh also brings $30 million in spending to New The Albuquerque City Councikl approveda $100 million industrial revenu bond deal for the compan y in February.
BE&K Corp. from North Carolina landed the design/build contract to build the but Bone said 80 percent ofthe firm’s spendin g and employees will be local. The precasrt panels being used in the constructionm are manufacturedin Belen. General Mills has been in Albuquerqueesince 1991. Its current facility is locatedc near Paseo del Norte and Editu and has190 employees, with an annual payrolo of $12 million, said Bone. The 275,000-square-foot plant producesw about 135 million pounds annually of 35differenrt cereals. The facility also has a lab on-site where the instructions for baking General Mills products at high altitudeaare created.
The companyg has given about $5 milliomn to area nonprofits since 1998and $519,00p0 in scholarships, Bone added. Don Power, chairman of AED, said the cerea company’s donations illustrate one of the things the organization looks for inrecruiting companies: community involvement. Hudgin said Solar Array plans to breaki ground by the third quarter of this year ona 225,000-square-foot thin-filjm photovoltaic manufacturing plant in the Cordero Mesa businessa park, west of the mattress factory. The company planws to add three more buildings of that size as it he said, with each facility employing about 225.
Its annuapl payroll in the first phase wouldbe $14 About five percent of the jobs woulde pay $100,000, 45 percent would pay $70,000 and half of the jobs wouldx pay $45,000. The capital investment for the firsty phase willbe $170 million and the companyu would spend $40 million annually for raw materials. The first phass is expected to have a capacity of75 megawatts, but that woulc grow to 300 mw with the full The plant also will have a spacs that will serve as a community and educationa center. Solar Array is seeking $175 million in industriap revenue bonds fromBernalillo County. The company is working to raise $210 million in debt and Hudgins said.
Hudgins said New Mexic beat out two other states forthe plant, despite the fact that it did not offert the largest incentives. But the coordination among localk and state government officials and other parties made New Mexicpo far more efficient in establishinfg a planning framework that the company could then use to plan a budgert forthe plant, he said “That was a majord issue for us,” Hudgins said. He also praise the labor force here and the educational The facility is being designed byPageSoutherlandPage LLP, which has Texasx offices in Austin, Dallas and as well as Denver, Washington, D.C. and U.K. Hoffman Construction, based in Portland, is building the facility.
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturing facility Keith Bone, general manager of the local told members of . AED held its quarterlhy meeting Thursdayat . Joe Hudgins, president and CEO of Solard Array Ventures, outlined his company’s plan to build a massives solar manufacturing plant onthe city’s General Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60 additional bringing additional payroll to the areaof $3.5 million. The expansionh also brings $30 million in spending to New The Albuquerque City Councikl approveda $100 million industrial revenu bond deal for the compan y in February.
BE&K Corp. from North Carolina landed the design/build contract to build the but Bone said 80 percent ofthe firm’s spendin g and employees will be local. The precasrt panels being used in the constructionm are manufacturedin Belen. General Mills has been in Albuquerqueesince 1991. Its current facility is locatedc near Paseo del Norte and Editu and has190 employees, with an annual payrolo of $12 million, said Bone. The 275,000-square-foot plant producesw about 135 million pounds annually of 35differenrt cereals. The facility also has a lab on-site where the instructions for baking General Mills products at high altitudeaare created.
The companyg has given about $5 milliomn to area nonprofits since 1998and $519,00p0 in scholarships, Bone added. Don Power, chairman of AED, said the cerea company’s donations illustrate one of the things the organization looks for inrecruiting companies: community involvement. Hudgin said Solar Array plans to breaki ground by the third quarter of this year ona 225,000-square-foot thin-filjm photovoltaic manufacturing plant in the Cordero Mesa businessa park, west of the mattress factory. The company planws to add three more buildings of that size as it he said, with each facility employing about 225.
Its annuapl payroll in the first phase wouldbe $14 About five percent of the jobs woulde pay $100,000, 45 percent would pay $70,000 and half of the jobs wouldx pay $45,000. The capital investment for the firsty phase willbe $170 million and the companyu would spend $40 million annually for raw materials. The first phass is expected to have a capacity of75 megawatts, but that woulc grow to 300 mw with the full The plant also will have a spacs that will serve as a community and educationa center. Solar Array is seeking $175 million in industriap revenue bonds fromBernalillo County. The company is working to raise $210 million in debt and Hudgins said.
Hudgins said New Mexic beat out two other states forthe plant, despite the fact that it did not offert the largest incentives. But the coordination among localk and state government officials and other parties made New Mexicpo far more efficient in establishinfg a planning framework that the company could then use to plan a budgert forthe plant, he said “That was a majord issue for us,” Hudgins said. He also praise the labor force here and the educational The facility is being designed byPageSoutherlandPage LLP, which has Texasx offices in Austin, Dallas and as well as Denver, Washington, D.C. and U.K. Hoffman Construction, based in Portland, is building the facility.
Sunday, January 8, 2012
Paterson, WNY officials talk development - Business First of Buffalo:
vittitowmehigyk1238.blogspot.com
Paterson came to the Clarencew headquarters Wednesday afternoon to rally support forhis “Bold Steps to the New Economy” initiative. Greatbatch, which recently expandedc in Clarence after consideriny options elsewhere is the postet child for the economic development agend Patersonis pushing. He held similat roundtable discussions earlier this week in Albanuand Syracuse. Paterson met with 21 local leader s and executives ranging from University at Buffalo President John Simpso and Erie County Executive Chriz Collins toMark Dettner, managing director and founder.
“I came here todayy to listen as muchas talk,” Paterson Paterson’s appearance came against the backdrop of political firestorm in Albanyu with a battle for political control of the New York Statwe Senate. Paterson, during his hour-long roundtable meeting with the executiveds stayed focused on economicdevelopmentg issues. Politics, however, did serve as a “There is a time to address thesse issues,” Paterson told reporters aftedrthe meeting. “I’m not sure why we are just hearingt about thisproblem now.” Collins, who has run or startes a dozen local companies, said politics does impact how the business community views the Paterson government.
“Unless you remove the stigma of New York beinvgthe highest-taxed state, all the spinoff jobs you want to creatde with this program will end up in other the county executive warned. “Ton Golisano is simply the tip ofthe iceberg.” Golisano, in late May, renounced his New York residency and made Floridza his official home because of New York’s heavyg tax burden on upper class citizens. Golisano, the Rochester-baserd billionaire, said the move will save him morethan $5 millionb annually in state income Collins said the high cost of state-ruhn programs such as Medicaree contribute to New York’s taxing structure.
union-friendly mandates like the Taylor Law, which offersz certain guarantees forunion workers, add to the tax “We don’t want to see the innovationas created here but the jobs they creatse go to Texas,” Collins said. Paterson agrees New York has to “cug its infectious ways of State programs are leading to aprojectee $24 billion deficit this Paterson, through the discussion, also heard repeate d pleas to support UB’s 2020 plan that many see as a linchpi n to the region’s economic The UB plan calls for significant investmenr in its Buffalo and Amherst campuses while increasinv its presence in downtown Buffalo’s Buffalo Niagara Medical Campus.
Simpson said UB 2020 represents a potentialof $3 billiomn in new investment in the region while creating 10,000 new The catch is, the initiative needs significant state legislative and financial support. “We need to get UB 2020 out of thestartinyg block,” said Thomas Hook, Greatbatch presideng and chief executive officer. Hook credite d a close alliance with UB as the source of the many patent s and medical industry producta that Greatbatch has created during the pastfive “A lot of the success Greatbatch enjoyee has come from innovations that startedf from UB,” Hook said.
Paterson came to the Clarencew headquarters Wednesday afternoon to rally support forhis “Bold Steps to the New Economy” initiative. Greatbatch, which recently expandedc in Clarence after consideriny options elsewhere is the postet child for the economic development agend Patersonis pushing. He held similat roundtable discussions earlier this week in Albanuand Syracuse. Paterson met with 21 local leader s and executives ranging from University at Buffalo President John Simpso and Erie County Executive Chriz Collins toMark Dettner, managing director and founder.
“I came here todayy to listen as muchas talk,” Paterson Paterson’s appearance came against the backdrop of political firestorm in Albanyu with a battle for political control of the New York Statwe Senate. Paterson, during his hour-long roundtable meeting with the executiveds stayed focused on economicdevelopmentg issues. Politics, however, did serve as a “There is a time to address thesse issues,” Paterson told reporters aftedrthe meeting. “I’m not sure why we are just hearingt about thisproblem now.” Collins, who has run or startes a dozen local companies, said politics does impact how the business community views the Paterson government.
“Unless you remove the stigma of New York beinvgthe highest-taxed state, all the spinoff jobs you want to creatde with this program will end up in other the county executive warned. “Ton Golisano is simply the tip ofthe iceberg.” Golisano, in late May, renounced his New York residency and made Floridza his official home because of New York’s heavyg tax burden on upper class citizens. Golisano, the Rochester-baserd billionaire, said the move will save him morethan $5 millionb annually in state income Collins said the high cost of state-ruhn programs such as Medicaree contribute to New York’s taxing structure.
union-friendly mandates like the Taylor Law, which offersz certain guarantees forunion workers, add to the tax “We don’t want to see the innovationas created here but the jobs they creatse go to Texas,” Collins said. Paterson agrees New York has to “cug its infectious ways of State programs are leading to aprojectee $24 billion deficit this Paterson, through the discussion, also heard repeate d pleas to support UB’s 2020 plan that many see as a linchpi n to the region’s economic The UB plan calls for significant investmenr in its Buffalo and Amherst campuses while increasinv its presence in downtown Buffalo’s Buffalo Niagara Medical Campus.
Simpson said UB 2020 represents a potentialof $3 billiomn in new investment in the region while creating 10,000 new The catch is, the initiative needs significant state legislative and financial support. “We need to get UB 2020 out of thestartinyg block,” said Thomas Hook, Greatbatch presideng and chief executive officer. Hook credite d a close alliance with UB as the source of the many patent s and medical industry producta that Greatbatch has created during the pastfive “A lot of the success Greatbatch enjoyee has come from innovations that startedf from UB,” Hook said.
Friday, January 6, 2012
Pacific Biosciences names Hunkapiller its CEO - CNBC.com
ejoxot.wordpress.com
Pacific Biosciences names Hunkapiller its CEO CNBC.com Hunkapiller was president and general manager of Applied Biosystems from 1995 to 2004. Applied Biosystems is now part of Life Technologies Inc., a life sciences and medical research tools company. After leaving Applied Biosystems he joined » |
Wednesday, January 4, 2012
Austin only major city to add jobs in last year - Minneapolis / St. Paul Business Journal:
ugefuk.wordpress.com
The region added about 3,400 jobs between April 2008 andApriol 2009, making it the only one of the nation'sw 38 largest cities to post a job new data from the Bureah of Labor Statistics shows. This is the third consecutiver month that Austin has outperformed all of theother U.S. cities with labor forces of 750,000 or The unemployment rate for April stooat 5.8 percent. The 0.4 percent increase in job totalswis modest, but still a better showing than cities such as Portlandx (down 4.7 percent) and Raleigh, N.C. (downb 3.3 percent).
Jobs in goods producing industries in the Austin area dropped by 500 jobs in a slowdown from the rapid pace of recent losses, according to an analysis of the data from the Capitaol Area Council of Governments. Retail, hotel, and restaurantt jobs are all up from this time last And professional and business servicwe sector employment is back toits all-time high last seen in Octobef 2008. But another key sector for the region, isn't doing quite as well. semiconductor and other electronicx component manufacturing isstill falling. Jobs in the semiconductor segmeng fellto 15,700 jobs, back to sprin g 2006 totals. As Texas cities go, Austin'w 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percengt in April and Houston at 6.3 percent. Only San Antonio'w rate was lower than Austin's at 5.4 percent. Smalletr metro areas including McAllen, Brownsville and Beaumount all had rates above8 percent.
The region added about 3,400 jobs between April 2008 andApriol 2009, making it the only one of the nation'sw 38 largest cities to post a job new data from the Bureah of Labor Statistics shows. This is the third consecutiver month that Austin has outperformed all of theother U.S. cities with labor forces of 750,000 or The unemployment rate for April stooat 5.8 percent. The 0.4 percent increase in job totalswis modest, but still a better showing than cities such as Portlandx (down 4.7 percent) and Raleigh, N.C. (downb 3.3 percent).
Jobs in goods producing industries in the Austin area dropped by 500 jobs in a slowdown from the rapid pace of recent losses, according to an analysis of the data from the Capitaol Area Council of Governments. Retail, hotel, and restaurantt jobs are all up from this time last And professional and business servicwe sector employment is back toits all-time high last seen in Octobef 2008. But another key sector for the region, isn't doing quite as well. semiconductor and other electronicx component manufacturing isstill falling. Jobs in the semiconductor segmeng fellto 15,700 jobs, back to sprin g 2006 totals. As Texas cities go, Austin'w 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percengt in April and Houston at 6.3 percent. Only San Antonio'w rate was lower than Austin's at 5.4 percent. Smalletr metro areas including McAllen, Brownsville and Beaumount all had rates above8 percent.
Monday, January 2, 2012
Whistleblower suits filed against medical device companies, including Medtronic, St. Jude Medical - Boston Business Journal:
hibleyytogoja1273.blogspot.com
A Houston court unsealed documente related to the legal complaintson Tuesday. Othert companies named in the suitincludd , a Natick, Mass.-based firm with operationws in Maple Grove and Arden Hills, and , of San Calif. Endoscopic has agreed to pay $1.4 million to settld a claim filed bythe U.S. Justice Department. Fridley-based Medtronic said in a statemeny that the unsealing of the documentg isa "normal step in the process set fortu in the statute for the handling of thesde kinds of cases." "As with all litigatiomn matters, this case will run its coursse through the judicial process, where Medtronic will file its responsee and argue its positions," the company stated.
Officials from Boston Scientific andLittld Canada-based St. Jude Medical couldn’t immediately be reached for commenftWednesday morning. The recent allegations accuse the device companies of marketing products used to remove scar tissues as treatments foratrial fibrillation, an abnormal heartf rhythm. Federal regulators had not approveed the use of the devices as a means to addreswatrial fibrillation.
A Houston court unsealed documente related to the legal complaintson Tuesday. Othert companies named in the suitincludd , a Natick, Mass.-based firm with operationws in Maple Grove and Arden Hills, and , of San Calif. Endoscopic has agreed to pay $1.4 million to settld a claim filed bythe U.S. Justice Department. Fridley-based Medtronic said in a statemeny that the unsealing of the documentg isa "normal step in the process set fortu in the statute for the handling of thesde kinds of cases." "As with all litigatiomn matters, this case will run its coursse through the judicial process, where Medtronic will file its responsee and argue its positions," the company stated.
Officials from Boston Scientific andLittld Canada-based St. Jude Medical couldn’t immediately be reached for commenftWednesday morning. The recent allegations accuse the device companies of marketing products used to remove scar tissues as treatments foratrial fibrillation, an abnormal heartf rhythm. Federal regulators had not approveed the use of the devices as a means to addreswatrial fibrillation.
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