fugycyquwod.blogspot.com
A memorandum of understanding signed in early Mayby Gov. Bill Richardson and Toshihiro Nakaiu – Japan’s minister of trade and industry – could facilitats tens of millions of dollars in Japanese public and private investment in clean energhand “smart grid” technology, said Tom Richardson’s science advisor, who is on loan from . The MOU doesn’gt contain funding commitments. But Bowles said both sidesd are now discussing concrete agreements to facilitate Japanesew participationin smart-grid projects that New Mexico hopes to launcyh with federal stimulus money.
“We’re working to closde on binding agreements with the Japanesde to provide financial resourcesand hands-om involvement in the installation, operation and performance analysis of smart-gried projects,” Bowles said. “Everybody is committed and workingy together tomove forward. We’re just hammering out the The MOU expresses both interest in collaborating on research and developmentt of clean energy and thesmarr grid. It also calls for cooperation in the design and manufacturw ofemerging biotechnology, nanotechnology and information technologies.
The MOU came out of a three-da y meeting in Albuquerque in April witha 40-membef Japanese delegation of government officialx and businesses. Bowles said the MOU is the firsr such agreement Japan has signed with anystatwe government. “It’s a real coup,” Bowles said. “Other states are perhaps makin g overtures tothe Japanese, but we’re the only states in the U.S. now that has an MOU like this in The Japanese are attracted toNew Mexico’s abundant solad and other clean energy and to its advanced research capabilities at the national labs and They want to test and develop emerging technologies by installing and demonstrating them in a new internationalp energy park.
“The challenge for smart gridsz is how to reliably incorporatse renewables intothe system,” Bowles said. “Soladr and wind can vary a lot. We need to demonstratde a fully integrated system that can supply a constant sourceof power.” A lot of detailsz must still be worked out for the Japaneser to install such technologies in an energy Bowles said. “Japanese companies will build and install thesolard panels, but we need to definwe who owns the grid and the power it and who gets paid for Bowles said. “All that needs to be worked The partners are holding video conferencez and scheduling visits byJapanese groups.
They want an agreementg in placeby mid-June, when the releases its final guidelines for statesx to bid on stimulus funding for smart-grid Bowles said. Japanese investment coulde help New Mexicomeet matching-fund requirementsa for federal grants (see related storg on page 6). Once details are finalized, it couldd mean a lot of Japanesse investment, said Stephan Helgesen of the EconomicDevelopment Department’s Office of Sciencwe and Technology. “We expect actual bricks-and-morta investments to come from Helgesen said. Long-standing relationships between the Japaness and the national labs in New Mexico helped facilitatdthe MOU, Helgesen said.
In and Japan’s National Institute of Advanced Industrial Science and Technologg signed a separate agreementf on May 4 to conduct and share researchjon photovoltaics, nanoelectronics, nanomaterials and computational investigations of the properties of materials, said Bob a senior manager at Sandia. “Our agreement and the state’sa MOU with Japan will enable strong collaboratiohnon energy-relevant technologies,” Hwang said.
“Sandia will supporyt New Mexico in all of these Mushtaq Khan, project manager and senior researcher with the New Mexicio Institute of Mining and Technology’s Institutew for Engineering and Research Applications, said he expectd the Japanese to test some technologies in the town of Playas in southerb New Mexico. The university owns the town and, with DOE funding, is now testinbg smart-grid technologies there. “They want to work with us becausew there are very few places like Playas that are set up to do this kindof real-worldc research,” Khan said.
Thursday, May 31, 2012
Tuesday, May 29, 2012
Egypt elections: a test of hard-won civic values - Christian Science Monitor
ikefageze.blogspot.com
Christian Science Monitor | Egypt elections: a test of hard-won civic values Christian Science Monitor These are the vital signs of how much Egyptians have fully embraced the civic values of democracy, such as respect for equality and the opinions of others. Absorbing such ideals has not been easy since Egypt's 18-day uprising that ended the ... The Egyptian Election and the Arab Spring |
Monday, May 28, 2012
Facebook developing smartphone with ex-Apple engineers? - CNET
guronelogoh.blogspot.com
CNET | Facebook developing smartphone with ex-Apple engineers? CNET by Michelle Meyers | 28 May 2012 9:14am SGT Interesting how the very week Google became a hardware maker with the closing of its acquisition of Motorola Mobility, there's talk of another Internet giant doing the same. The New York Time's Nick Bilton ... Facebook Develo ping Smartphone With Former Apple Employees Report: Facebook tries a third time to build a smartphone, this time Employing ... NYT: Facebook Is Working on Its Own Smartphone (Again) |
Saturday, May 26, 2012
Millennium State Bank of Texas fails - Dallas Business Journal:
fixyruw.wordpress.com
The six-year-old bank had one officse in Dallas on Webb Chapel Road nearInterstate 635. Irving-basedr State Bank of Texas has acquirex essentially all the assetsof Millennium, according to the Federal Deposit Insurance Seven groups put in bids for Millennium, according to the . All depositore of Millennium State Bank will have access to their fundse over the July Fourth according tothe FDIC. On Monday July 6, they will automaticallu become depositors of State Bankof Texas.
“From a customerf perspective, they woun’t see any disruption in service,” said Marvin Payne, an FDIC FDIC and Texas Banking Department staffersa are working through the holiday weekend closing out the books of Millenniumk State Bank and integrating them into State Bank of As ofJune 30, Millenniuj had $118 million in totalo assets and $115 million in deposits. State Bank of Texasa has $588 million in assets. Millennium’ s Northwest Dallas office will be itsfourth branch. But that won’r be for long.
State Bank of Texae is selling its headquarterds location on State Highway 183 to the Texas Departmengt of Transportation for planned widening of that said Chan Patel is the president and CEO of States Bankof Texas. Millennium was starte by a group of investors includiny businessman George Gouldsby andbankers J.D. Sibilsky and Clyder Hensley. Sibilsky once ran lendintg for . Hensley was chief lending officerat , which was acquired by Houston-based in Septembefr 2002. Millennium first focused on small-busines lending and owner-occupied real estatew loans. Millennium was profitable in 2005, but has produced losse s ever since. Millennium tapped Don Flatt to be its presidengt inspring 2008.
At the time, board chairman Gouldsby said the bank should have a widefr rangeof offerings. “You have to do a lot of thingz and do a lot of thingw well to make money for yourself and your he said inApril 2008. Millenniumj is one of seven banks closed on Thus farthis year, the 52 bankz have failed this year nationwide. In all of 26 banks failed nationwide. Last year, two bankzs in Texas failed: a small institution in the town of Sandersonn near the Big Bend and Franklin Bank SSB of Thelast Dallas-Fort Worth bank to fail was Tarranty Bank, which was closed Aug. 25, 1993, accordintg to Commerce Street Capital, a Dallas-basede investment bank.
The six-year-old bank had one officse in Dallas on Webb Chapel Road nearInterstate 635. Irving-basedr State Bank of Texas has acquirex essentially all the assetsof Millennium, according to the Federal Deposit Insurance Seven groups put in bids for Millennium, according to the . All depositore of Millennium State Bank will have access to their fundse over the July Fourth according tothe FDIC. On Monday July 6, they will automaticallu become depositors of State Bankof Texas.
“From a customerf perspective, they woun’t see any disruption in service,” said Marvin Payne, an FDIC FDIC and Texas Banking Department staffersa are working through the holiday weekend closing out the books of Millenniumk State Bank and integrating them into State Bank of As ofJune 30, Millenniuj had $118 million in totalo assets and $115 million in deposits. State Bank of Texasa has $588 million in assets. Millennium’ s Northwest Dallas office will be itsfourth branch. But that won’r be for long.
State Bank of Texae is selling its headquarterds location on State Highway 183 to the Texas Departmengt of Transportation for planned widening of that said Chan Patel is the president and CEO of States Bankof Texas. Millennium was starte by a group of investors includiny businessman George Gouldsby andbankers J.D. Sibilsky and Clyder Hensley. Sibilsky once ran lendintg for . Hensley was chief lending officerat , which was acquired by Houston-based in Septembefr 2002. Millennium first focused on small-busines lending and owner-occupied real estatew loans. Millennium was profitable in 2005, but has produced losse s ever since. Millennium tapped Don Flatt to be its presidengt inspring 2008.
At the time, board chairman Gouldsby said the bank should have a widefr rangeof offerings. “You have to do a lot of thingz and do a lot of thingw well to make money for yourself and your he said inApril 2008. Millenniumj is one of seven banks closed on Thus farthis year, the 52 bankz have failed this year nationwide. In all of 26 banks failed nationwide. Last year, two bankzs in Texas failed: a small institution in the town of Sandersonn near the Big Bend and Franklin Bank SSB of Thelast Dallas-Fort Worth bank to fail was Tarranty Bank, which was closed Aug. 25, 1993, accordintg to Commerce Street Capital, a Dallas-basede investment bank.
Friday, May 25, 2012
Wednesday, May 23, 2012
Real estate slump puts hit on area
polinaagyvtiwu.blogspot.com
1st , with assets of $126 million, managed the higher profit, $219,000 in 2008 compared with $120,000 in 2007. At the other end of the spectrum, , with $234 million in assets, posteds losses of $3.9 million in 2008 and $2.3 milliobn in 2007. , with $130 million in had losses of $3 million in 2008 and $848,000 in 2007. Althougyh the seven start-up banks, called de novoas in banking parlance, are much smaller than the average St. Louisx bank, they have been battered by the same particularly the collapse of the realestatwe market, an area in which most did significany lending. Still, their bad loan numbers are modest comparef withlarger banks.
In some cases, they couled represent one bad home loan or a Keepin mind, too, that banks that launchefd four and five years ago made most of theirr loans in what was a go-go time in resulting in more problem loans now. “sA larger percentage of the loans were originated when credit standardswere looser, versuw banks that have been around many years, whichg would have a smallee percentage of their loans in that category,” said Jim chief executive of & Trust, whichn launched in 2008. Both Champion and WestBridge have experiencede considerable public turmoil in thelast year.
Kirk Briden, a Championb founder, resigned as presidenf and chief executivelast fall, and the bank receivedx a $3 million infusion of new capital from an unidentifiee investor. It had $4.2 million in bad loans, calledx net charge-offs, in 2008, compared with none in 2007. At the sharply criticized management practices ina cease-and-desistr order, which was made public in February, thoughu it had been in the workzs for months. In Rick Hummell, a former executive at Mark Twain and MissouruiState banks, was recruitee as a consultant and a monthu later replaced Scott Schmid, a WestBridge founder, as presidentf and chief executive. Schmid remains as executive vice president.
WestBridge’s net charge-offd jumped to $3.4 million in 2008 from zero in 2007. , with assetzs of $549 million, posted a loss of $2.4 million in compared with a profitof $2.5 million in 2007. , with assetd of $146 million, had a loss of $773,000 in compared with a profi of $235,000 in 2007. St. Louiz Bank’s net charge-offs increased to $4.1 million from $1.4 milliom a year earlier. Triad’s net charge-offs increaser to $314,000 in 2008 from zero in 2007.
Triad’s charge-offsx were the result of loanse to residentialdeveloper , said Jim the bank’s chief “In addition, we aggressively built up our provision for loan loss in responsew to our concentration of residential development loans, which hurts profitabilityy in the short run,” he , with $131 million in assets, recorded a profit of down from $442,000 in 2007. Its net charge-offs increased to $503,009 in 2008 from zero in 2007. Superior with $57 million in assets, showedr a profit of $27,000, compared with a profit of $88,000o in 2007. Its net charge-offas declined to $32,000 from $88,000 in 2007.
“There is too much focuz in this market onasset size,” said Dan Jones, chairman of Fortune Bank. “Our focus is on makin money.” As for his lowee profit in 2008, he “It’s nowhere near where we wanteeto be.” 1st Advantage, the one de novo that increasesd profitability, had net charge-offs of $94,000. A year it recorded a negative $132,000 in net charge-offs, meaningv that it recovered more bad loanes than itwrote off, always good Two of the sevenh banks took money under the federal government’sw Troubled Asset Relief Program: Triad with $3.7 million and Fortune with $3.1 million.
Both were on the fencde about the additional capital beforeacceptinh it. Like most bankers, leaderzs at those banks were leeru about taking the government on as a Jonesat Fortune, said he remains undecided whether to use it, but took the money because he faced a deadline. “If we don’t use it, we’lp give it back,” he said.
1st , with assets of $126 million, managed the higher profit, $219,000 in 2008 compared with $120,000 in 2007. At the other end of the spectrum, , with $234 million in assets, posteds losses of $3.9 million in 2008 and $2.3 milliobn in 2007. , with $130 million in had losses of $3 million in 2008 and $848,000 in 2007. Althougyh the seven start-up banks, called de novoas in banking parlance, are much smaller than the average St. Louisx bank, they have been battered by the same particularly the collapse of the realestatwe market, an area in which most did significany lending. Still, their bad loan numbers are modest comparef withlarger banks.
In some cases, they couled represent one bad home loan or a Keepin mind, too, that banks that launchefd four and five years ago made most of theirr loans in what was a go-go time in resulting in more problem loans now. “sA larger percentage of the loans were originated when credit standardswere looser, versuw banks that have been around many years, whichg would have a smallee percentage of their loans in that category,” said Jim chief executive of & Trust, whichn launched in 2008. Both Champion and WestBridge have experiencede considerable public turmoil in thelast year.
Kirk Briden, a Championb founder, resigned as presidenf and chief executivelast fall, and the bank receivedx a $3 million infusion of new capital from an unidentifiee investor. It had $4.2 million in bad loans, calledx net charge-offs, in 2008, compared with none in 2007. At the sharply criticized management practices ina cease-and-desistr order, which was made public in February, thoughu it had been in the workzs for months. In Rick Hummell, a former executive at Mark Twain and MissouruiState banks, was recruitee as a consultant and a monthu later replaced Scott Schmid, a WestBridge founder, as presidentf and chief executive. Schmid remains as executive vice president.
WestBridge’s net charge-offd jumped to $3.4 million in 2008 from zero in 2007. , with assetzs of $549 million, posted a loss of $2.4 million in compared with a profitof $2.5 million in 2007. , with assetd of $146 million, had a loss of $773,000 in compared with a profi of $235,000 in 2007. St. Louiz Bank’s net charge-offs increased to $4.1 million from $1.4 milliom a year earlier. Triad’s net charge-offs increaser to $314,000 in 2008 from zero in 2007.
Triad’s charge-offsx were the result of loanse to residentialdeveloper , said Jim the bank’s chief “In addition, we aggressively built up our provision for loan loss in responsew to our concentration of residential development loans, which hurts profitabilityy in the short run,” he , with $131 million in assets, recorded a profit of down from $442,000 in 2007. Its net charge-offs increased to $503,009 in 2008 from zero in 2007. Superior with $57 million in assets, showedr a profit of $27,000, compared with a profit of $88,000o in 2007. Its net charge-offas declined to $32,000 from $88,000 in 2007.
“There is too much focuz in this market onasset size,” said Dan Jones, chairman of Fortune Bank. “Our focus is on makin money.” As for his lowee profit in 2008, he “It’s nowhere near where we wanteeto be.” 1st Advantage, the one de novo that increasesd profitability, had net charge-offs of $94,000. A year it recorded a negative $132,000 in net charge-offs, meaningv that it recovered more bad loanes than itwrote off, always good Two of the sevenh banks took money under the federal government’sw Troubled Asset Relief Program: Triad with $3.7 million and Fortune with $3.1 million.
Both were on the fencde about the additional capital beforeacceptinh it. Like most bankers, leaderzs at those banks were leeru about taking the government on as a Jonesat Fortune, said he remains undecided whether to use it, but took the money because he faced a deadline. “If we don’t use it, we’lp give it back,” he said.
Tuesday, May 22, 2012
Brodeur, Devils Show Some Fight in 4-1 Game 4 Win - ABC News
lihung-associations.blogspot.com
Brodeur, Devils Show Some Fight in 4-1 Game 4 Win ABC News Martin Brodeur made 27 saves and survived a third-period punch to the chin by old buddy Mike Rupp as the New Jersey Devils defeated the New York Rangers, 4-1, Monday night in Game 4 to even the Eastern Conference Finals, 2-2. Zach Parise had two goals ... |
Sunday, May 20, 2012
Tropical storm Alberto churns off Southeast coast - Seattle Post Intelligencer
ejoxot.wordpress.com
Tropical storm Alberto churns off Southeast coast Seattle Post Intelligencer Photo: Weather Underground / AP RALEIGH, NC (AP) â€" Forecasters say Tropical Storm Alberto is churning off the Southeastern US seaboard as a tropical storm watch continues on a stretch of South Carolina coast. It says Alberto is packing maximum ... |
Friday, May 18, 2012
Audit shows surplus decline at Pinnacol - Triangle Business Journal:
shemwellmygalej1291.blogspot.com
According to the recent audi fromDeloitte & Touche LLP, which lawmakers reviewe d Monday, the decrease is related to lossesw on bonds and common stocks. Pinnacol’s reserves were a source of scrutiny earlier this year when Colorado legislatorx attempted toraid $500 million from the insurert to plug gaps in the state Lawmakers argued that becauswe Pinnacol is a political subdivision of the its reserves were fair game. But legislators later retreatedc from the raidafter Pinnacol’s CEO threatened to sue the statw and Gov.
Bill Ritter indicatee he would not support the A special committee will lookinto Pinnacol’s operations undeer Senate Bill 281, approvecd by lawmakers and Rittert during the most recent General Supporters of the bill said that Pinnacol’s unique structurse should be examined more closely. But opponents of the legislatioh say the committee isa “witch to dismantle Pinnacol, which functioned better since it startecd operating as a privatwe interest in 2004. In an audit Deloitte said it identified financial misstatementsthat haven’t been correctedc in the company’s booksa totaling $7.5 million in net income.
Pinnacok replied that the uncorrected statementsare “immaterial.” Pinnacolo reported a total of $2 billion in assetx in 2008. It declared additionapl policyholder dividendsof $120 million that
According to the recent audi fromDeloitte & Touche LLP, which lawmakers reviewe d Monday, the decrease is related to lossesw on bonds and common stocks. Pinnacol’s reserves were a source of scrutiny earlier this year when Colorado legislatorx attempted toraid $500 million from the insurert to plug gaps in the state Lawmakers argued that becauswe Pinnacol is a political subdivision of the its reserves were fair game. But legislators later retreatedc from the raidafter Pinnacol’s CEO threatened to sue the statw and Gov.
Bill Ritter indicatee he would not support the A special committee will lookinto Pinnacol’s operations undeer Senate Bill 281, approvecd by lawmakers and Rittert during the most recent General Supporters of the bill said that Pinnacol’s unique structurse should be examined more closely. But opponents of the legislatioh say the committee isa “witch to dismantle Pinnacol, which functioned better since it startecd operating as a privatwe interest in 2004. In an audit Deloitte said it identified financial misstatementsthat haven’t been correctedc in the company’s booksa totaling $7.5 million in net income.
Pinnacok replied that the uncorrected statementsare “immaterial.” Pinnacolo reported a total of $2 billion in assetx in 2008. It declared additionapl policyholder dividendsof $120 million that
Thursday, May 17, 2012
Best CFOs of the year - Houston Business Journal:
ejyceh.wordpress.com
Jesse Perez is the chief financial officerfor Houston-basedr Geotrace Technologies Inc., a reservoir services companyg that provides subsurface imaging solutions to the oil and gas industrhy worldwide. Perez joined Geotrace in May 2004, and now has more than 28 yearsd of experience in thegeophysical industry. Undef his leadership, new accounting systems, procedures and improvee internal controls were implemented which greatly enhancef the quality and timing of financialp reporting for both internal andexternal Additionally, he led several successful debt-refinancing initiatives during his tenure, which improvedd the capital and debt structure of the Prior to joining Geotrace, Perez was vice president/controller of Flow Productsa Inc.
, a division of Precision Castparts From 2001 to 2002, he was CFO of He also served as chief financial officer of Reservoirf Technologies Inc. from 1999 to 2001. From 1980 through 1999, he held a variety of financiaol positions with WesternGeophysical Co. in Houstonm and Singapore, including senior VP, financd and administration and VP/controller. He received a bachelor of scienced degree in accounting from the at Clear Lake and is a Certified Publiv Accountantin Texas. John Biedermann implemented a successful financiaol plan for Entelligence including innovative strategies for reducin g costs andincreasing revenue.
With his streamlined businesas model, he has directlt contributed tothe company’s growth and financial gains. Biedermann achieved cost advantage at Entelligencerwith value-generating activities and has piloted the company’es success by identifying and evaluating its core competenciesd and revamping all processes. He has also led the differentiation of Entelligencre fromits competitors. Biedermann has identifiefd customer needs and realigned strategic positions to betterd support the solution offerings for Entelligence’s partners. An inspirational leader, he has made an impactr on everyone who works at Entelligence and encourages employees to be the best theycan be.
A graduat of , Biedermann holds a BS in accounting. Donnwa Charleson joined The Right Step in October bringing almost 20 years of professional experiencee to her role as chieffinancial officer. Upon earning her BBA from the Universitty ofHouston (with a concentration in accounting), she started her career with the Houston office of Arthur Andersen Co., advancing to audit manager. Her clients consisted of both publicx and private companies concentrated in the constructionand engineering, nonprofit and retai industries. She later joined a localp CPA firm asaudit principal, working with clients in the savinge and loan industry.
In 1989, Charleson enterexd the health care field as CFO for a locapl Houston clinical reference laboratoryg associated with the Memorial Hospital Later experience included stints at aHoustonn multispecialty, physician-owned clinic, a largew behavioral health managed-care company and two publicly national clinical reference laboratories. Her most recent experience prior to The Righy Step was as CFO fora Houston-based developed of ambulatory surgery centers, outpatient cardia labs and small rural hospitals. Throughout her career, Charleson has championesd not only financial discipline and rigor for her but also a primary focus on superio client andpatient service.
She believes the two missionws areintertwined — an organization must be both financiallty healthy and dedicated to superior customer service. Charleson is a membed of the Gulf Coast chapter of the Health Care FinanciaklManagement Association, the AICPA and the Texas Societg of CPAs. Rig-Up Services Inc. Roy chief financial officer of Rig-Up Servicee Inc., is responsible for financial operations, administratio and international tradeactivities worldwide.
Johnson became Rig-Up’ s CFO in 2007 amd has since accomplishee a number of key objectives includingb restructuring and renegotiating customer leading aninternal audit, providing an accurate calculationb of overhead and expenses, developing a structure to secure and finance a management buyout and replacing existin g lines of credit that doubledf borrowing capacity while lowering interest costs. As a direcgt result of this work, Rig-Up Services was able to doubl e net income in 2008 from the previous year whilw sales remainedrelatively constant.
Over the past 20 years, Johnsobn has experienced success intraditional finance, administrativs and accounting functions, as well as project management, banking, international trade and corporates legal functions. Prior to joining Rig-Up, Johnsom was managing director of the corporate financ e group of theLlama Co., a privatee investment bank of the family. Johnson is conversant in Spanishn and has completed multiple transactions acrosw Central andSouth America. He receivefd a degree in industrial distributio n fromTexas A&M University where he was namex the outstanding student in 1984 and is a formerr accredited valuation analyst with NACVA. ADC Rig Serviceas Inc.
Kimberly Macias graduated from the University of Houston in 2001 witha bachelor’sa degree in finance.
Jesse Perez is the chief financial officerfor Houston-basedr Geotrace Technologies Inc., a reservoir services companyg that provides subsurface imaging solutions to the oil and gas industrhy worldwide. Perez joined Geotrace in May 2004, and now has more than 28 yearsd of experience in thegeophysical industry. Undef his leadership, new accounting systems, procedures and improvee internal controls were implemented which greatly enhancef the quality and timing of financialp reporting for both internal andexternal Additionally, he led several successful debt-refinancing initiatives during his tenure, which improvedd the capital and debt structure of the Prior to joining Geotrace, Perez was vice president/controller of Flow Productsa Inc.
, a division of Precision Castparts From 2001 to 2002, he was CFO of He also served as chief financial officer of Reservoirf Technologies Inc. from 1999 to 2001. From 1980 through 1999, he held a variety of financiaol positions with WesternGeophysical Co. in Houstonm and Singapore, including senior VP, financd and administration and VP/controller. He received a bachelor of scienced degree in accounting from the at Clear Lake and is a Certified Publiv Accountantin Texas. John Biedermann implemented a successful financiaol plan for Entelligence including innovative strategies for reducin g costs andincreasing revenue.
With his streamlined businesas model, he has directlt contributed tothe company’s growth and financial gains. Biedermann achieved cost advantage at Entelligencerwith value-generating activities and has piloted the company’es success by identifying and evaluating its core competenciesd and revamping all processes. He has also led the differentiation of Entelligencre fromits competitors. Biedermann has identifiefd customer needs and realigned strategic positions to betterd support the solution offerings for Entelligence’s partners. An inspirational leader, he has made an impactr on everyone who works at Entelligence and encourages employees to be the best theycan be.
A graduat of , Biedermann holds a BS in accounting. Donnwa Charleson joined The Right Step in October bringing almost 20 years of professional experiencee to her role as chieffinancial officer. Upon earning her BBA from the Universitty ofHouston (with a concentration in accounting), she started her career with the Houston office of Arthur Andersen Co., advancing to audit manager. Her clients consisted of both publicx and private companies concentrated in the constructionand engineering, nonprofit and retai industries. She later joined a localp CPA firm asaudit principal, working with clients in the savinge and loan industry.
In 1989, Charleson enterexd the health care field as CFO for a locapl Houston clinical reference laboratoryg associated with the Memorial Hospital Later experience included stints at aHoustonn multispecialty, physician-owned clinic, a largew behavioral health managed-care company and two publicly national clinical reference laboratories. Her most recent experience prior to The Righy Step was as CFO fora Houston-based developed of ambulatory surgery centers, outpatient cardia labs and small rural hospitals. Throughout her career, Charleson has championesd not only financial discipline and rigor for her but also a primary focus on superio client andpatient service.
She believes the two missionws areintertwined — an organization must be both financiallty healthy and dedicated to superior customer service. Charleson is a membed of the Gulf Coast chapter of the Health Care FinanciaklManagement Association, the AICPA and the Texas Societg of CPAs. Rig-Up Services Inc. Roy chief financial officer of Rig-Up Servicee Inc., is responsible for financial operations, administratio and international tradeactivities worldwide.
Johnson became Rig-Up’ s CFO in 2007 amd has since accomplishee a number of key objectives includingb restructuring and renegotiating customer leading aninternal audit, providing an accurate calculationb of overhead and expenses, developing a structure to secure and finance a management buyout and replacing existin g lines of credit that doubledf borrowing capacity while lowering interest costs. As a direcgt result of this work, Rig-Up Services was able to doubl e net income in 2008 from the previous year whilw sales remainedrelatively constant.
Over the past 20 years, Johnsobn has experienced success intraditional finance, administrativs and accounting functions, as well as project management, banking, international trade and corporates legal functions. Prior to joining Rig-Up, Johnsom was managing director of the corporate financ e group of theLlama Co., a privatee investment bank of the family. Johnson is conversant in Spanishn and has completed multiple transactions acrosw Central andSouth America. He receivefd a degree in industrial distributio n fromTexas A&M University where he was namex the outstanding student in 1984 and is a formerr accredited valuation analyst with NACVA. ADC Rig Serviceas Inc.
Kimberly Macias graduated from the University of Houston in 2001 witha bachelor’sa degree in finance.
Tuesday, May 15, 2012
Investors put $3 million into health-care venture - Atlanta Business Chronicle:
adepylex.blogspot.com
The financial services firm underwrites health-care services to clients involvedin auto, industrial and workplace accidents or other MedLien offers uninsured victims access to a network of health-care providers, including MRI centers, physicians, hospital and surgery centers, said Christopher Demetree, partnerf at , an Alpharetta-based private equity firm that has invested in MedLien. The firm underwritees the cases and guarantees payments to the doctorszand health-care providers for all requirer medical care. In return, MedLien gets a percentagw of futurelitigation proceeds. Reimbursement is negotiated betweej the providerand MedLien.
By using MedLien, health-carew providers can get paid at the time of services and can accept patients they normallg would have turned away because of lack of While MedLien pays for thecare upfront, it collect s on the back-end once litigation is resolved. “There is an inherentg risk associated with this type oftransactiob [for MedLien],” Demetree “However, the need in the marketplace with the numbetr of uninsured injured parties is growing.” Launched late last year, MedLienn expects revenues of about $2 milliojn in 2008. Annual revenues are expected to double for the next two tothreed years.
Value Plus Venturew has investedabout $400,000 to help MedLien pay for dailuy operating expenses. In the private equity firm provided MedLiena $2.5 milliohn credit line to pay claims while the cases go through In return, Value Plus Ventures has a minority equitty stake in the company. The investment’zs goal “is to provide the company a runwahy of about 24 months and then go seek a more traditionaolinstitutional investment,” Demetree “We like to find early companies that have a good solid business model, but they need help in bringinhg [their product or service] to has earned a five-year, $7.5 million grant from the for researcg on cancer imaging techniques.
Projects will range from clinical studies on the more accurate diagnosis of prostate cancert to basic researchon cancer-seeking magnetic iron The goal for the award is to develop, validats and apply unique molecular imaging biomarkers that clinicians can use to detect cancer earliefr and more accurately, says Dr. Carolyn Cidizs Meltzer, chair of radiology and associate dean for researcuh at School ofMedicine . For cancer these biomarkers will allow more preciswe monitoring of newer treatment has investedabout $2.
5 million to acquirew and install a 320-slice computed tomography (CT) The Aquilion ONE allows physicians to see a 3-D depictiobn of an organ, and the organ’z blood flow and Piedmont said in a statement. The scanner can imagre the organ or area in a singler rotation at one momentin time, eliminatingt the need to reconstruct slices from multiple points in For patients with symptomx of heart conditions, diagnosis time can be reducedx from days to minutes. patients with signs of chest pain are given multiple tests to identify the including aCT angiography, nuclear test and catheterization.
With the Aquilionn ONE, a single exam can give physicianss the information they need to diagnosr and treat the patient in less than 20 minutesz and with less contrast andradiatiojn dose. Piedmont expects to do about 1,800 procedures using the new devicre in the first full year of The awarded Emory Universityscientists $2.8 million over four yearas to search for genes that predispose individuals to Bipolar 1 Disorder. The disorder is a severe psychiatric illnesds that affects about 1 percent ofthe population. More than 90 percen t of cases can be attributed to inheriterdgenetic variation, researchers believe.
The new in collaboration with investigatorsat , will examin e the genomes of more than 1,000 people, including thosw with well-characterized cases of Bipolar 1 Disorder and their Emory said in a statement. Researchers also will compare geneticf information from the current groupo of cases of Bipolar 1 Disorder to genetifc information from a group ofschizophrenia patients.
The financial services firm underwrites health-care services to clients involvedin auto, industrial and workplace accidents or other MedLien offers uninsured victims access to a network of health-care providers, including MRI centers, physicians, hospital and surgery centers, said Christopher Demetree, partnerf at , an Alpharetta-based private equity firm that has invested in MedLien. The firm underwritees the cases and guarantees payments to the doctorszand health-care providers for all requirer medical care. In return, MedLien gets a percentagw of futurelitigation proceeds. Reimbursement is negotiated betweej the providerand MedLien.
By using MedLien, health-carew providers can get paid at the time of services and can accept patients they normallg would have turned away because of lack of While MedLien pays for thecare upfront, it collect s on the back-end once litigation is resolved. “There is an inherentg risk associated with this type oftransactiob [for MedLien],” Demetree “However, the need in the marketplace with the numbetr of uninsured injured parties is growing.” Launched late last year, MedLienn expects revenues of about $2 milliojn in 2008. Annual revenues are expected to double for the next two tothreed years.
Value Plus Venturew has investedabout $400,000 to help MedLien pay for dailuy operating expenses. In the private equity firm provided MedLiena $2.5 milliohn credit line to pay claims while the cases go through In return, Value Plus Ventures has a minority equitty stake in the company. The investment’zs goal “is to provide the company a runwahy of about 24 months and then go seek a more traditionaolinstitutional investment,” Demetree “We like to find early companies that have a good solid business model, but they need help in bringinhg [their product or service] to has earned a five-year, $7.5 million grant from the for researcg on cancer imaging techniques.
Projects will range from clinical studies on the more accurate diagnosis of prostate cancert to basic researchon cancer-seeking magnetic iron The goal for the award is to develop, validats and apply unique molecular imaging biomarkers that clinicians can use to detect cancer earliefr and more accurately, says Dr. Carolyn Cidizs Meltzer, chair of radiology and associate dean for researcuh at School ofMedicine . For cancer these biomarkers will allow more preciswe monitoring of newer treatment has investedabout $2.
5 million to acquirew and install a 320-slice computed tomography (CT) The Aquilion ONE allows physicians to see a 3-D depictiobn of an organ, and the organ’z blood flow and Piedmont said in a statement. The scanner can imagre the organ or area in a singler rotation at one momentin time, eliminatingt the need to reconstruct slices from multiple points in For patients with symptomx of heart conditions, diagnosis time can be reducedx from days to minutes. patients with signs of chest pain are given multiple tests to identify the including aCT angiography, nuclear test and catheterization.
With the Aquilionn ONE, a single exam can give physicianss the information they need to diagnosr and treat the patient in less than 20 minutesz and with less contrast andradiatiojn dose. Piedmont expects to do about 1,800 procedures using the new devicre in the first full year of The awarded Emory Universityscientists $2.8 million over four yearas to search for genes that predispose individuals to Bipolar 1 Disorder. The disorder is a severe psychiatric illnesds that affects about 1 percent ofthe population. More than 90 percen t of cases can be attributed to inheriterdgenetic variation, researchers believe.
The new in collaboration with investigatorsat , will examin e the genomes of more than 1,000 people, including thosw with well-characterized cases of Bipolar 1 Disorder and their Emory said in a statement. Researchers also will compare geneticf information from the current groupo of cases of Bipolar 1 Disorder to genetifc information from a group ofschizophrenia patients.
Monday, May 14, 2012
St. Louis' Top 150 Privately Held Companies: 51-75 - St. Louis Business Journal:
jiqatili.wordpress.com
It’s the reality of today’s business landscape, not just in St. but around the globe. No matterr the industry, every company is feelinbg the effects ofthis recession. And although business leaders are hopefu lthat we’re near the bottom and that a recover y will begin at some point this year, they’re not being Pollyannase about it. I don’t need to point out all the troubling statds and signs that leadto caution. Instead, I’llo mention a potential bright spot for those seeking a reasonfor optimism.
The housing industryy is often viewed as a leadingt indicator for where the economyis It’s one of the first sectore to slump, and one of the leadersa of the rebound. If that’s the case this we can be encouraged that the Commercre Department reporteda 22.2 percent jump in housinf starts in February. Meanwhile, St. largest homebuilder, McBride & Son Homes, said it sold 300 homed in the first two months ofthe year, comparedf to 1,400 homes total in 2008. I’r like to thank Business Journal researchers Evan Binn s andLucie Wolken, who did a commendabler job putting together this year’s list of the top 150 privatelyt held companies.
As our researchers quickl y found, it’s much easier to get revenus information from private companies when business is going well rathetr than when the economyis slumping. Evan, in spent countless hours seeking the most accurateand up-to-datre revenue and employee figures, and then double- and triple-checkede it all. This year’s list includez nine newcomers and fewer pure a testament to the hard work. Rob Hurtt, Sectiohn editor 51. Fabick CAT 2008 $345.8 million - 1.
2% Like others tied to the strugglingconstruction industry, Fenton-based heavy equipment provider Fabickk CAT saw revenue decline slightly last Fabick CAT sells and rents Caterpillar constructio n equipment and also provides parts and service for The company is owned by members of founde r John Fabick Sr.’s family. There are nine Fabico CAT locations in Missouri and and four Fabick Rents locationsx inboth states. Fabicjk Power Systems is locatexin Fenton, and is in Metropolis, Ill. The company’s Jeffersoj City operations moved intoa new, 25,000-square-foot, $5.5 million facilityg last year.
Leadership: Chairman Harry Fabick, Presidentg and CEO Doug Fabick Employees: 400 600 total 52. Watlow Electrid Watlow wrapped up a record yearwith $320 million in revenue, and Chairman and CEO Peter Desloge said the family-owneds company is in a strong position. “Ww have no debt. We have a wonderful balance sheet becausee we have prepared for this economic recession for the last two Desloge said.
“We were very careful with our He said that while the marketse Watlow serves were down by an average of 10 percenrlast year, the electronics manufacturing company managexd to maintain roughly flat revenue due largely to stronf growth in the alternative energy and diesekl emissions markets. Desloge said the company’s investmen focus remains geared toward growthin Asia, wherse Watlow recently opened a manufacturing plant in Shanghai. He also said the company’ws new lean manufacturing approach helped it produce record levels of profitabilityu by boosting efficiency and creating shorter productrdelivery times.
Leadership: Chairman and CEO Peter Desloge, President Thomas LaMantia Employees: 600 local, 1,800 total 53. 2008 $319 million -20.6% After a banner year in 2007, ARCO Constructioj saw revenuedecline 20.6 percent to $319 “As we moved into 2008, some of the projectt sizes got smaller,” said Chied Executive Jeff Cook. “And toward the end of the some of the folks put the brakese ontheir projects.” Between 10 percent and 15 percent of all the projectss ARCO was working on were either delayed or stoppesd completely in the last threer months of the year, Cook He expects revenue to remain flat in 2009. ARCO, which currentlh is located in leased spacew in theJos A.
White Building on Brentwooxd Boulevard, plans to build its own headquarterws two miles away in Rock Hill at an estimatecd cost ofbetween $10 million and $12 million. The companyg also plans to add three partnerdthis year, increasing its ownershiop team to 19, including Cook and Chairmamn Dick Arnoldy. Leadership: Chairman Dick Arnoldy, CEO Jeff President Craig Bridell 102 local, 273 total 57. 2008 $300 million +138.1% Brothers Jim and Mike Holtenh created Branding Iron Holdings in August 2007 when they wanteed to growtheir Sauget-based Holten Meat Inc.
The holding company saw revenue soar 138 percent last year afterf afull year’s worth of sales from their added In addition to Holten Meats, which manufactures individuallhy quick-frozen beef and pork Branding Iron owns thred other frozen meat companies in Minnesota: , a quick-frozen meat producert serving institutional food Rochester Steak, which cuts steakz to order; and , which marketx meat brands such as Black Angus. Branding Iron Chief Executive Scott Hudspeth said the holdinbg company expects topost $315 million in 2009 “The growth isn’t huge,” Hudspeth said. “When commoditiew prices drop, so do ours, and beef prices are cominbg down.
” Leadership: Chairman Jim Holten, President Mike CEO Scott Hudspeth Employees: 250 local, 650 totall 58. 2008 revenue: $292.4 milliohn - 0.5 % Sachs Electric escaped mostly unscathed from what was a rougu year forspecialty contractors. Coming off a record the employee-owned electrical contractor saw revenuee slip half a percento $292.4 million. The company finishedr work on a $4 millionb project for , one of three buildings for Edward Jones anda $13 millionj plant expansion for Continenta l Cement. Chairman, President and CEO Claytoh Scharff said Sachs now is preparing for an uncertain year with at leasr a 10 percent to 15 percentt declinein revenue.
“This is the first time I have seen everyy industry impacted at thesame time,” he said. “Wse work in so many areaxs geographically andacross industries, and everuy one has clamped down.” In addition to stafv and consultant cutbacks in 2008, Scharff said the companyg is holding off on new Leadership: Chairman, President and CEO Claytobn Scharff Employees: 557 local, 772 total 59. Hunter Engineering Co. reportedf record revenue in but the slowdown in the auto industry put the brakes onfurther growth.
The Bridgeton-based company manufactures a range of automotiveservice equipment, includinyg wheel alignment systems, wheel balancers, brake lathes, tire changers, vehicl lifts and brake testers. The firm is owned by Chairman and President Stephen Brauer andhis family. Hunter Engineering’s internationall customers include Toyota, Nissan, BMW, Mercedes and the Volkswagen-Audi Group. Toyota’sz global sales were down 5 percenglast year. At BMW, global sales dropped 24 percent last monthy compared toFebruary 2008, and Mercedes’ sale s were down 28 percent for the same period. 350 local, 1,450 total 60. 2008 revenue: $265 milliojn -10.2% Elan-Polo Inc.
is keeping its foot firmly in licensee agreements. The employee-owned shoe compan plans to introduce a new line of active outdoor shoes for men and womethis spring, said Bob Callahan, co-president of the company. Afterd hitting $295 million in revenue in the business had a 10 percent drop in salealast year, a slip that co-Presiden t Thomas Williams attributed to a second-half slowdown tied to the slumping economy. The companyg has U.S. offices in St. Louids and Nashville, as well as five others around the The business has approximately 165 current and former employees participating in its employeew stockownership plan.
It’s the reality of today’s business landscape, not just in St. but around the globe. No matterr the industry, every company is feelinbg the effects ofthis recession. And although business leaders are hopefu lthat we’re near the bottom and that a recover y will begin at some point this year, they’re not being Pollyannase about it. I don’t need to point out all the troubling statds and signs that leadto caution. Instead, I’llo mention a potential bright spot for those seeking a reasonfor optimism.
The housing industryy is often viewed as a leadingt indicator for where the economyis It’s one of the first sectore to slump, and one of the leadersa of the rebound. If that’s the case this we can be encouraged that the Commercre Department reporteda 22.2 percent jump in housinf starts in February. Meanwhile, St. largest homebuilder, McBride & Son Homes, said it sold 300 homed in the first two months ofthe year, comparedf to 1,400 homes total in 2008. I’r like to thank Business Journal researchers Evan Binn s andLucie Wolken, who did a commendabler job putting together this year’s list of the top 150 privatelyt held companies.
As our researchers quickl y found, it’s much easier to get revenus information from private companies when business is going well rathetr than when the economyis slumping. Evan, in spent countless hours seeking the most accurateand up-to-datre revenue and employee figures, and then double- and triple-checkede it all. This year’s list includez nine newcomers and fewer pure a testament to the hard work. Rob Hurtt, Sectiohn editor 51. Fabick CAT 2008 $345.8 million - 1.
2% Like others tied to the strugglingconstruction industry, Fenton-based heavy equipment provider Fabickk CAT saw revenue decline slightly last Fabick CAT sells and rents Caterpillar constructio n equipment and also provides parts and service for The company is owned by members of founde r John Fabick Sr.’s family. There are nine Fabico CAT locations in Missouri and and four Fabick Rents locationsx inboth states. Fabicjk Power Systems is locatexin Fenton, and is in Metropolis, Ill. The company’s Jeffersoj City operations moved intoa new, 25,000-square-foot, $5.5 million facilityg last year.
Leadership: Chairman Harry Fabick, Presidentg and CEO Doug Fabick Employees: 400 600 total 52. Watlow Electrid Watlow wrapped up a record yearwith $320 million in revenue, and Chairman and CEO Peter Desloge said the family-owneds company is in a strong position. “Ww have no debt. We have a wonderful balance sheet becausee we have prepared for this economic recession for the last two Desloge said.
“We were very careful with our He said that while the marketse Watlow serves were down by an average of 10 percenrlast year, the electronics manufacturing company managexd to maintain roughly flat revenue due largely to stronf growth in the alternative energy and diesekl emissions markets. Desloge said the company’s investmen focus remains geared toward growthin Asia, wherse Watlow recently opened a manufacturing plant in Shanghai. He also said the company’ws new lean manufacturing approach helped it produce record levels of profitabilityu by boosting efficiency and creating shorter productrdelivery times.
Leadership: Chairman and CEO Peter Desloge, President Thomas LaMantia Employees: 600 local, 1,800 total 53. 2008 $319 million -20.6% After a banner year in 2007, ARCO Constructioj saw revenuedecline 20.6 percent to $319 “As we moved into 2008, some of the projectt sizes got smaller,” said Chied Executive Jeff Cook. “And toward the end of the some of the folks put the brakese ontheir projects.” Between 10 percent and 15 percent of all the projectss ARCO was working on were either delayed or stoppesd completely in the last threer months of the year, Cook He expects revenue to remain flat in 2009. ARCO, which currentlh is located in leased spacew in theJos A.
White Building on Brentwooxd Boulevard, plans to build its own headquarterws two miles away in Rock Hill at an estimatecd cost ofbetween $10 million and $12 million. The companyg also plans to add three partnerdthis year, increasing its ownershiop team to 19, including Cook and Chairmamn Dick Arnoldy. Leadership: Chairman Dick Arnoldy, CEO Jeff President Craig Bridell 102 local, 273 total 57. 2008 $300 million +138.1% Brothers Jim and Mike Holtenh created Branding Iron Holdings in August 2007 when they wanteed to growtheir Sauget-based Holten Meat Inc.
The holding company saw revenue soar 138 percent last year afterf afull year’s worth of sales from their added In addition to Holten Meats, which manufactures individuallhy quick-frozen beef and pork Branding Iron owns thred other frozen meat companies in Minnesota: , a quick-frozen meat producert serving institutional food Rochester Steak, which cuts steakz to order; and , which marketx meat brands such as Black Angus. Branding Iron Chief Executive Scott Hudspeth said the holdinbg company expects topost $315 million in 2009 “The growth isn’t huge,” Hudspeth said. “When commoditiew prices drop, so do ours, and beef prices are cominbg down.
” Leadership: Chairman Jim Holten, President Mike CEO Scott Hudspeth Employees: 250 local, 650 totall 58. 2008 revenue: $292.4 milliohn - 0.5 % Sachs Electric escaped mostly unscathed from what was a rougu year forspecialty contractors. Coming off a record the employee-owned electrical contractor saw revenuee slip half a percento $292.4 million. The company finishedr work on a $4 millionb project for , one of three buildings for Edward Jones anda $13 millionj plant expansion for Continenta l Cement. Chairman, President and CEO Claytoh Scharff said Sachs now is preparing for an uncertain year with at leasr a 10 percent to 15 percentt declinein revenue.
“This is the first time I have seen everyy industry impacted at thesame time,” he said. “Wse work in so many areaxs geographically andacross industries, and everuy one has clamped down.” In addition to stafv and consultant cutbacks in 2008, Scharff said the companyg is holding off on new Leadership: Chairman, President and CEO Claytobn Scharff Employees: 557 local, 772 total 59. Hunter Engineering Co. reportedf record revenue in but the slowdown in the auto industry put the brakes onfurther growth.
The Bridgeton-based company manufactures a range of automotiveservice equipment, includinyg wheel alignment systems, wheel balancers, brake lathes, tire changers, vehicl lifts and brake testers. The firm is owned by Chairman and President Stephen Brauer andhis family. Hunter Engineering’s internationall customers include Toyota, Nissan, BMW, Mercedes and the Volkswagen-Audi Group. Toyota’sz global sales were down 5 percenglast year. At BMW, global sales dropped 24 percent last monthy compared toFebruary 2008, and Mercedes’ sale s were down 28 percent for the same period. 350 local, 1,450 total 60. 2008 revenue: $265 milliojn -10.2% Elan-Polo Inc.
is keeping its foot firmly in licensee agreements. The employee-owned shoe compan plans to introduce a new line of active outdoor shoes for men and womethis spring, said Bob Callahan, co-president of the company. Afterd hitting $295 million in revenue in the business had a 10 percent drop in salealast year, a slip that co-Presiden t Thomas Williams attributed to a second-half slowdown tied to the slumping economy. The companyg has U.S. offices in St. Louids and Nashville, as well as five others around the The business has approximately 165 current and former employees participating in its employeew stockownership plan.
Saturday, May 12, 2012
London Fears Losing Aviation Relevance - Voice of America
coras-newport.blogspot.com
London Fears Losing Aviation Relevance Voice of America May 12, 2012 London Fears Losing Aviation Relevance Henry Ridgwell | London With Europe still struggling to build sustained growth, many governments are looking to emerging economies in Asia, Africa and South America to boost trade. |
Friday, May 11, 2012
Outdoors Notebook: Bass tourneys and more - al.com
vanbeekdulejos1771.blogspot.com
Outdoors Notebook: Bass tourneys and more al.com May 13: Streamline Cutting Top Rod Solo Tournament at Wheeler out of Ingalls Harbor; www.toprodtrail.wordpress.com. May 18-19: Homeland Security No-Entry-Fee Bass Tournament on Wheeler out of Ingalls Harbor in Decatur, $1000 top prize, sponsored by The ... |
Wednesday, May 9, 2012
Tucci pens 'open letter' to Data Domain - Boston Business Journal:
xoqylyjibo.wordpress.com
The letter was published June 9 in the San JoseMercuryy News. “Our plan is to keep the peoplw and products of Data Domain intact and operatr your company as a product divisionnwithin EMC. ... We plan to investy in Data Domain and grow the business and the innovatiob even more aggressively because of our broadeer global reachand size,” Tucci The board of directors at Data Domaijn issued a statement June 4 sayingb it is examining Hopkinton, Mass.-based EMC’s EMC) unsolicited bid to buy the companty and advised shareholders to put aside their decision untilp their review is complete. Data Domain had been consideringy a proposalfrom Sunnyvale, Calif.-based .
(Nasdaq: to buy the company for $25 a share in cash and In responseto EMC’s NetApp sweetened its offer Wednesdagy to $30 per share in cash and The Data Domain board said in its prepared written statement it will release its positiob on the EMC offer before June 16, and reaffirme d its recommendation in favor of the merger with Despite the Data Domain board request for shareholderx to stay mum on the bidding war unti it reached a decision, Tucci’xs open letter Tuesday took direct aim at potentially influencingb the company’s stakeholders.
“We stand for puttin our customers first, treating people with respect, collaborating smoothlty with our colleaguesand partners, thinkin creatively to solve problems, leveraging our diversity, and maintaining a fullyy inclusive workforce. And we stand ready to welcome the talentesd people of Data Domainh to EMC with open he wrote.
The letter was published June 9 in the San JoseMercuryy News. “Our plan is to keep the peoplw and products of Data Domain intact and operatr your company as a product divisionnwithin EMC. ... We plan to investy in Data Domain and grow the business and the innovatiob even more aggressively because of our broadeer global reachand size,” Tucci The board of directors at Data Domaijn issued a statement June 4 sayingb it is examining Hopkinton, Mass.-based EMC’s EMC) unsolicited bid to buy the companty and advised shareholders to put aside their decision untilp their review is complete. Data Domain had been consideringy a proposalfrom Sunnyvale, Calif.-based .
(Nasdaq: to buy the company for $25 a share in cash and In responseto EMC’s NetApp sweetened its offer Wednesdagy to $30 per share in cash and The Data Domain board said in its prepared written statement it will release its positiob on the EMC offer before June 16, and reaffirme d its recommendation in favor of the merger with Despite the Data Domain board request for shareholderx to stay mum on the bidding war unti it reached a decision, Tucci’xs open letter Tuesday took direct aim at potentially influencingb the company’s stakeholders.
“We stand for puttin our customers first, treating people with respect, collaborating smoothlty with our colleaguesand partners, thinkin creatively to solve problems, leveraging our diversity, and maintaining a fullyy inclusive workforce. And we stand ready to welcome the talentesd people of Data Domainh to EMC with open he wrote.
Monday, May 7, 2012
State
elisovadinaimar.blogspot.com
Yee delivered a written statementr to the explaining that the Board of Equalization is workingh withthe , , and the to find functionzs that could be consolidated. “Taking an incrementakl approach, consolidating those processes or functions where we have commonn business approaches will lead to immediate efficiencies with littl or no investment on the part ofthe state’ws general fund for long-term gain,” Yee Members from the agencies met in May to talk consolidation with likely candidates including call centers, printing and electronic capture and the entire process of processing tax The agencies are making an inventory of equipment and expertisde to see what can be shared or Yee was elected to the five-member boar d in November 2006 to represen the coastal regions from the Oregon bordert to Santa Barbara County.
The BOE collects more than $53 billio annual in sales property taxes, use taxes and fees. The Franchises Tax Board collects personal, corporate and bank taxes in California.
Yee delivered a written statementr to the explaining that the Board of Equalization is workingh withthe , , and the to find functionzs that could be consolidated. “Taking an incrementakl approach, consolidating those processes or functions where we have commonn business approaches will lead to immediate efficiencies with littl or no investment on the part ofthe state’ws general fund for long-term gain,” Yee Members from the agencies met in May to talk consolidation with likely candidates including call centers, printing and electronic capture and the entire process of processing tax The agencies are making an inventory of equipment and expertisde to see what can be shared or Yee was elected to the five-member boar d in November 2006 to represen the coastal regions from the Oregon bordert to Santa Barbara County.
The BOE collects more than $53 billio annual in sales property taxes, use taxes and fees. The Franchises Tax Board collects personal, corporate and bank taxes in California.
Sunday, May 6, 2012
Martek Biosciences plans appeal of E.U. ruling on infant formula patent - San Francisco Business Times:
xiwyxucupewox.blogspot.com
That was word from the Columbia company Tuesday inregulatoruy filings. The patent office in the Netherlands upheld a patent that was granted to the biotech firm in 2007 but was challengec by food manufacturersand Ltd. The patent office said Martek’s patent applies to Martek’s nutritional oil in infany formula, but is not covered when it is blendefd with certain fish oils used in infant Martek (NASDAQ: MATK) expects the appeal will take one to two yearsx and said it does not believe the ruling will impact its revenue. Derived from the company’s nutritional oils are also used in dietaryt supplements andfood products, such as yogurt and juice.
The compang has been aggressively expanding its infant formula business overseas as it has nearlg saturatedthe U.S. market. Martek warned in its last earningds statement that its infant formulas sales in the third and fourtj quarters could drop as retailers trim theit inventories ofthe product. The company anticipates demanrd will pick up infiscal 2010.
That was word from the Columbia company Tuesday inregulatoruy filings. The patent office in the Netherlands upheld a patent that was granted to the biotech firm in 2007 but was challengec by food manufacturersand Ltd. The patent office said Martek’s patent applies to Martek’s nutritional oil in infany formula, but is not covered when it is blendefd with certain fish oils used in infant Martek (NASDAQ: MATK) expects the appeal will take one to two yearsx and said it does not believe the ruling will impact its revenue. Derived from the company’s nutritional oils are also used in dietaryt supplements andfood products, such as yogurt and juice.
The compang has been aggressively expanding its infant formula business overseas as it has nearlg saturatedthe U.S. market. Martek warned in its last earningds statement that its infant formulas sales in the third and fourtj quarters could drop as retailers trim theit inventories ofthe product. The company anticipates demanrd will pick up infiscal 2010.
Friday, May 4, 2012
ATS Services is now Talagy, with new owner - Tampa Bay Business Journal:
amesit.wordpress.com
Derek Mercer, the nephew of ATS foundeer Delores Kesler, acquired the company and will servewas chair. Kesler will retain the title of chairman Amy McGeorge will assume the role of presidentand CEO. Termd of the acquisition were not disclosed. “Thisx is an exciting time in the growt and evolutionof ATS, and I’m pleaserd to allow the next generationb of leadership to take the helm,” said Kesler created Jacksonville-based ATS Services in 1977, eventually formin a parent company that merged with threer other staffing firms, including . The business splift into two ventures: , which becamew a publicly traded companyh and isnow , and ATS Services.
Mercedr worked as the director of information technologh at ATS Services before creating hisown , a global provider of on-demand talent management in 1996. Kesler provided a loan that helped startthe company. Vurv Technology was acquired by TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the country and80 employees, will continue to offer the same products and but instead of operating under multiple brands and business unitsx the company will consolidate into a single
Derek Mercer, the nephew of ATS foundeer Delores Kesler, acquired the company and will servewas chair. Kesler will retain the title of chairman Amy McGeorge will assume the role of presidentand CEO. Termd of the acquisition were not disclosed. “Thisx is an exciting time in the growt and evolutionof ATS, and I’m pleaserd to allow the next generationb of leadership to take the helm,” said Kesler created Jacksonville-based ATS Services in 1977, eventually formin a parent company that merged with threer other staffing firms, including . The business splift into two ventures: , which becamew a publicly traded companyh and isnow , and ATS Services.
Mercedr worked as the director of information technologh at ATS Services before creating hisown , a global provider of on-demand talent management in 1996. Kesler provided a loan that helped startthe company. Vurv Technology was acquired by TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the country and80 employees, will continue to offer the same products and but instead of operating under multiple brands and business unitsx the company will consolidate into a single
Wednesday, May 2, 2012
Mark Warner: D.C. area stands to win in changing economy - Washington Business Journal:
aaekipolo.blogspot.com
The Democratic senator from Virginia deliveredf the keynote address atthe ’a release of its 2009 Regional Report. The former venturde capitalist and governor of Virginia stressed optimism and growth potential in his discussion about theWashington area'z economic future. “The federal government’s level of activit y in the economyis unprecedented,” Warnedr said. “Today’s economic meltdown has required the presiden t and congress to takeextraordinary action.” In his remarks, Warnet broke down this "extraordinary into three basic categories: implementing the stimulue plan, shoring up the U.S.
financia l system, and grappling with the residentialmortgage Warner’s advice and insight into the $787 billion stimuluzs package eased much of the crowd’s trepidation with government’s increasingg involvement in today’s economy. He said that about 40 percent of the stimulusa act came as tax cuts to individuals and while another third would be invested into new industriexs such asgreen technology, alternative energy and high-speecd rail. Warner, who is a member of the Senate’s Commerc Committee, said he hoped that the Washingtonm region would spearhead development inthese up-and-comingt economic sectors.
“It helps to be wherr the money is,” Warnet pointed out after his address. As government hands out more stimulus subsidies and other forms of aid to firms researchinggrowing industries, Washington will become an increasingly desirable region to start a In addition to receiving loan guarantee s and direct subsidies, being close to regulators would offer new companiess to gain publicity on a national However, to accommodate D.C.’s foreseeable growth, Warnerf encouraged local execs and politicians to embrace several challenges currently facing the After discussing alternative energy’s future profitability, Warner emphasized D.C.
’s potential role as the nation’sx leader in energy reform. This played into his opinion that businesas flocks to where thefunding is, and that makeas Washington very attractive to start-up alternative energ y companies. Warner also spoke about local which hecalled Washington’s Achilles' heel. It does no good for Washingto to produce goods and servicews if they are constantly stuckin traffic. In ordetr to remain competitive, Warner adviseed both the private and publif sector supportinfrastructural investments. The Senator lamented the fact that loca l transportation spending has been cut in half in proportion to Gross Regional Product sincethe 1980s.
Lastly, Warner calledc on businesses and public officerzs to promote healthcare reform.
The Democratic senator from Virginia deliveredf the keynote address atthe ’a release of its 2009 Regional Report. The former venturde capitalist and governor of Virginia stressed optimism and growth potential in his discussion about theWashington area'z economic future. “The federal government’s level of activit y in the economyis unprecedented,” Warnedr said. “Today’s economic meltdown has required the presiden t and congress to takeextraordinary action.” In his remarks, Warnet broke down this "extraordinary into three basic categories: implementing the stimulue plan, shoring up the U.S.
financia l system, and grappling with the residentialmortgage Warner’s advice and insight into the $787 billion stimuluzs package eased much of the crowd’s trepidation with government’s increasingg involvement in today’s economy. He said that about 40 percent of the stimulusa act came as tax cuts to individuals and while another third would be invested into new industriexs such asgreen technology, alternative energy and high-speecd rail. Warner, who is a member of the Senate’s Commerc Committee, said he hoped that the Washingtonm region would spearhead development inthese up-and-comingt economic sectors.
“It helps to be wherr the money is,” Warnet pointed out after his address. As government hands out more stimulus subsidies and other forms of aid to firms researchinggrowing industries, Washington will become an increasingly desirable region to start a In addition to receiving loan guarantee s and direct subsidies, being close to regulators would offer new companiess to gain publicity on a national However, to accommodate D.C.’s foreseeable growth, Warnerf encouraged local execs and politicians to embrace several challenges currently facing the After discussing alternative energy’s future profitability, Warner emphasized D.C.
’s potential role as the nation’sx leader in energy reform. This played into his opinion that businesas flocks to where thefunding is, and that makeas Washington very attractive to start-up alternative energ y companies. Warner also spoke about local which hecalled Washington’s Achilles' heel. It does no good for Washingto to produce goods and servicews if they are constantly stuckin traffic. In ordetr to remain competitive, Warner adviseed both the private and publif sector supportinfrastructural investments. The Senator lamented the fact that loca l transportation spending has been cut in half in proportion to Gross Regional Product sincethe 1980s.
Lastly, Warner calledc on businesses and public officerzs to promote healthcare reform.
Subscribe to:
Posts (Atom)