Wednesday, October 31, 2012

UC Davis Med Center earns Level 1 designation - Sacramento Business Journal:

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The American College of Surgeons awarded the Level 1 traumaz centerdesignation – one of 112 but less than 20 meet the requirement for both adults and In order to meet the requirement, Level 1 trauma centers must admit at least 1,200 patients per year. UC Daviws admitted 2,836 patients in making it one of the busiest UC Davis Medical Center chiefv executive officer Ann Madden Rice said the hospitaplhas “achieved what few others have This is a terrific achievement, and reflecta the expertise, hard work and high quality of the many physicians, nurses and ancillart staff who make our trauma centerss an indispensable resources for the Sacramento and Northern Californiaz region.
” The medical center servew about 6 million people in a 33-county region. Level 1 trauma centers are required to have a certai number of surgeons and specialists including anesthesiologists, cardiac neurosurgery and orthopaedic surgeryy – available for round-the-clocmk treatment. Level 1 center must also have education and researcjh programs as well as communityg prevention andoutreach

Tuesday, October 30, 2012

Hurricane Sandy prompts surge of photo sharing - The Hill (blog)

proklofuxaanygez.blogspot.com


The Star-Ledger - NJ.com


Hurricane Sandy prompts surge of photo sharing

The Hill (blog)


Users have been sharing photos from Hurricane Sandy at a rate of nearly 10 each second, according to the Instagram blog. Instagram, which Facebook bought in April, has more users than Twitter, with 7.3 million daily users, according to ComScore.


Instagram Users Sharing 10 Hurricane Sandy Photos Every Second

Social News Daily


NJ.com users are sharing their Hurricane Sandy photos

The Star-Ledger - NJ.com


Hurricane Sandy storms Instagram: Users share 10 pics every sec

Daily Bhaskar


WMTW Portland -ITProPortal -Business Insider


 »

Saturday, October 27, 2012

AVMA Reaffirms Commitment to Host Pike Place Fish Market Educational Program

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June 12 /PRNewswire-USNewswire/ -- The Americajn Veterinary MedicalAssociation (AVMA) announced today that it is moving forward with its original plan to host an team-building program by the Pike Place Fish Market's world-renownexd fishmongers at its annual convention, which will be held in Wash., July 11-July 14. The group has presented the motivational program to a wide variety of groupssincer 1990, sharing their successful business plan of engagement and The announcement comes after People for the Ethical Treatmeny of Animals complained about the in which the fishmongers toss fish as a way to engag e the audience and build teamwork.
The fish are dead and are consumedf afterthe program. "The AVMA has decider that we will host the program in itsoriginak design, which will include the presentation by the Pike Placed fishmongers," said Dr. W. Ron DeHaven , AVMA chief executive officer. "We believe this will be a valuable experience for our and we are confident they will gain useful managemenyt skills fromtheir experience." The AVMA, the largesr veterinary association in the United States with more than 78,0090 members, hosts a convention every year that provide s veterinarians and the veterinary health care team with continuin education, networking opportunities and social activities.
This year'ss convention has already attracted morethan 7,500 The AVMA estimates that more than 10,000p veterinarians, veterinary technicians, professional staff, family members and otherd guests will travel to Seattle for the event. "Our earlyh registration numbers are a testament to the qualit of oureducational program, the total conventiomn experience and the allure of the Emeralfd City," DeHaven said. Beyond the convention'd economic impact on the Seattle area, the AVMA's visit to Seattlse will also include volunteer efforts that will benefir localanimal shelters.
The "Our Oath in Action" voluntouriskm project, spearheaded by the AVMA's philanthropic arm, the American Veterinarty Medical Foundation, will bring more than 200 volunteerds to three animal shelters in the Seattle area to help rehan the shelters and make a differencein animals' lives. Ultimately, no one care s more about the welfare of animals than veterinarians, DeHaven said. Speaking to the AVMA's visiy to Seattle, , president and chief executives officer of the Seattle Convention andVisitors Bureau, "The AVMA's 10,000 convention attendees will volunteer countless hour and immeasurable expertise to Seattle's animak welfare agencies while they're here.
Seattle is known as a city that caress about issues of environmental animal welfare, natural habitat preservation, and organif and wild farming. Commitment to these values is demonstratede everydayin Seattle's world-famous Pike Place Market, and we'rs honored that AVMA attendees will not only visi but also give back to our community." The AVMA and its more than 78,00o member veterinarians are engaged in a wide variety of activities dedicate to advancing the science and art of human and public health.

Friday, October 26, 2012

Colonial looks to board to fill top jobs - Orlando Business Journal:

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The appointments of Sippial and Beville are effectivee today but are subject to finao approval by the appropriateregulatoru authorities, Colonial said in a release. Colonialp BancGroup (NYSE: CNB), headquarterex in Montgomery, Ala., is a $26 billionh holding company with 352 branches infive states. is amongh the largest banks in the Tampa Bay area with50 $2.8 billion in depositsd and a 3.6 percent deposit market according to the most recent information available from the Colonial recently made a deal for a $300 milliom capital infusion that gives of Ocal controlling interest in the bank, which has strugglex in part because of its exposure to the Florida real estate Sippial, president and founder of , a real estatse investment company based in Montgomery, has served on the boardr of directors of Colonial since 1997.
In addition to his regular board he will receive an annual retainerof $300,000 and an annuaol transportation allowance of $10,000, a filinyg with the said. Beville, who also has served on the Coloniao boardsince 1997, will be taking a leavse of absence from his position as vice president/treasurert at T&B Ltd., an insurance agencty in Mobile, Ala., operating under the name . Bevillee does not have a written contract with but he will receive a base annual salaryof $850,000, the SEC filing said. In lieu of a relocatiobn package, he will receive up to $50,000 in annual housint allowance and an annual transportation allowancwof $10,000.
Neither Sippial nor Beville will initiallty take part in a definexdincentive plan, and neitherd was granted any equity compensation or signing bonus, the filing

Wednesday, October 24, 2012

Swan extracts more cash with minimum of pain - Sydney Morning Herald

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Sydney Morning Herald


Swan extracts more cash with minimum of pain

Sydney Morning Herald


A FEW days ago the big business lobby, the Business Council of Australia, was poised to decry Wayne Swan's particular brand of cost cutting. On Sunday it set the tone, releasing a statement that a surplus at any cost would damage rather than enhance ...



and more »

Tuesday, October 23, 2012

Continental makes most-delayed list - Minneapolis / St. Paul Business Journal:

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Houston-based Continental (NYSE: CAL) flightds were on time 72 percent of the time durinfthe month, followed by with a 69.4 percenyt on-time arrival rate and with 68.6 percent. Best for on-timw arrivals was whose flights were ontime 91.1 percen of the time, followed by at 86.2 percentf and at 85.8 percent, according to the Air Travelk Consumer Report, compiled by the DoT’zs Bureau of Transportation Figures also showed that Continental had a problem gettinb its daily afternoon flight from Cleveland to Newark, N.J. to arriv e on time in April.
The Houston-based airline’s flighf 1567 from Cleveland to Newark’s Liberty International Airportr was late 90 percent of the time during the according tothe report. Overall, the flight was the fifth-most-delayerd during April. Leading the list was flight 803 from Atlanta to which waslate 96.6 percenyt of the time, according to the report. The 19 carrierss reported an overall on-time arrival rate of 79.1 percenr in April, up from 78.4 percent the previousa month, and 77.7 percen t in April 2008. Carriers reportedd that aviation system problemsdelayer 7.4 percent of flights in up from nearly 7.3 percent the previouz month.
Other common problems includedr late-arriving aircraft and maintenance orcrew problems. Weathetr was to blame for 44.4 percent of late up from 37.9 percent for the same month in 2008.

Sunday, October 21, 2012

Foreclosures mount for Monroe

aaekipolo.blogspot.com
Both complaints name Charles H. Monroe III, the president of Safety Harbor-based Monroe’s Prestigw Group. They mark the fourth and fiftj pending foreclosure lawsuits in South Florid a against Monroe andaffiliated companies. Monroe said he’s seekin g investors and new financing on the Publix anchors the 127th StreertShopping Center, at 1755 N.E. 127th St., in Northh Miami. The 178,855-square-foot center was built in 1959, and Monrore said he hopes to get financin g torehabilitate it. Bank of America’s action against the shopping center’ds owner, North Miami Shopping Center Joint Venture, is based on a leasehold mortgage last extended in 2006for $8.
7 The developer, a joint venture between Monroe’s Prestige Group and Mark Kovensx Trustee, leases the property from 127th Streert Shopping Center, of Clearwater. If Bank of Americqa forecloses, it would assumew the lease. Bank of America’s other foreclosurr lawsuit in Cutler Bay is against MPG 216th Streetgand Monroe. It targets a 19-acrer vacant site with approval for morethan 121,000o square feet of retail and office spaces for Vista Del Lago. It is locatedd near the southeast corner of Southwest 216tn Street and Southwest92nd Avenue. Countg records show Publix agreed to leasee space in VistaDel Lago.
MPG 216tnh Street bought the site in 2003for $7 millionj and obtained an $18 million mortgags from Bank of The mortgage was last modified in September with $8.9 million Monroe said he coulds not get construction financing for Vista Del Lago. “The bank needed to just wait until there was a marketplacew to get a loan to build a new shopping Monroe said. “I’ve always been a conservative developer. I develoo for the premier grocery storre inthe country.” Miami-based attorney Lee D. Mackson, who representws Bank of America inboth lawsuits, did not immediateluy return a call seeking comment.
Monroe and his affiliate companie also face foreclosure lawsuits from Bank of America onthe Publix-anchoredf Parkland Commons shopping center in Parkland, from Wachovia Bank on the Best Buy-anchoredc Coral Landings III in Coral Springs/Margate and from , whicy targets the Publix-anchored Quantumn Village in Boynton

Saturday, October 20, 2012

Ahoy! New biz in the air - bizjournals:

fixyruw.wordpress.com
But a new door of opportunity for Cunningham’s opened when the city of Tavare voted to designate a virtual runway for seaplanes in the middlre of Lake Dora inJuly 2007. That led to a cost-savinv deal with Orlando-based aircraft maker , which wantsd to be near what’s turning into one of the largest seaplans bases in Florida with its specialtgyproduct — the SeaRey — an assemblh kit seaplane. Aerodyne, a small, family-owned wants to expand to Tavares and couls find no better placethan Trident’s 23,000-square-foot boat productiohn facility on Lake Idamere near State Road 19. Aerodyned now is negotiating to lease halfthe facility.
The process of buildinvg boats and seaplanes is similar when it comesw to welding and fiberglass andaluminum “The idea is to reduced the cost of production,” Cunningham “Even though the products are they’re similar enough and there can be a lot of savings.” Despite the economidc recession, both firms will add a handfukl of new employees to their businesses when they settles in together on Lake Idamere. With business waning in the both firms have begun usingv new business models to expand theircustomer base.
Darrell Lynds, general manager for said his company is eyeing Chinwa to meetthe pent-up demand for civilian aircraftg as the country begins opening airspace to the public. Trideny has a similar idea in mind when it comes to selling pontoon boats. Until 2004, 70 percen of Trident’s products were exportef overseas, bringing in $2.4 million annually. Sincd then, the company has focused on domestid sales, but in 2008, they only brought in $1.3 This caused the company to focus on exportingoverseaz again.
Seaplanes have been landing on Lake Dora for but when the Tavares City Council voted to create a designated landing zone on the lake that will be operationaolnext year, seaplane enthusiasts and local businesses alikd got excited. Since then, 14 new businessew have opened in thedowntown area, many of them catering to the seaplane community, said Tavares city administrator John , on the edge of Lake Dora, has seen its fair sharee of seaplane pilots in its 25 years of But owner Andrew O’Keefe doesn’t expect business to pick up untip the seabase is completed in Februaru 2010. Still, he’s happy to see the changes.
“The city is workinh on bringing a lot of attractiond tothe area.” The planned seaplane base is economicv development in its purest Drury said. “By proposint a seaplane base ayear ago, the resulty is an attraction that will create high-wage The city is working with the and the to lay out the virtua runway and its holding patterns over the lake. Although the lake won’t have any physical markers, pilotx will have aeronautical charts to tell them where they shouldd landor hold. “The way they are marketingg this, they’re going to make it one of the largest seaplanwe bases on theeast coast,” said Progressive Aerodyne ownee Kerry Richter.
“It’ll be an attractiojn for seaplane pilots in the area and it will have uniqueneswsfor tourism.”

Friday, October 19, 2012

Marcellus Gas Wells Likely Harming Public Health: Survey - Bloomberg

ycoguqi.wordpress.com


Marcellus Gas Wells Likely Harming Public Health: Survey

Bloomberg


Marcellus Gas Wells Likely Harming Public Health: Survey. Marcellus Gas Wells Likely Harming Public Health. A drilling rig in Chartiers Township, Washington County, Pennsylvania. Fracking has been linked to groundwater contamination in Pennsylvania, ...



and more »

Wednesday, October 17, 2012

Lions' Jim Schwartz not sure if Jahvid Best will be cleared to play this season - Detroit Free Press

sasutezew.blogspot.com


MLive.com


Lions' Jim Schwartz not sure if Jahvid Best will be cleared to play this season

Detroit Free Press


Asked about that chance today, Lions coach Jim Schwartz acknowledged, “I don't know what the likelihood is” and couldn't even say if Best will go through further concussion testing in the next three weeks. • Related: Best not cleared to play. The Lions ...


Detroit Lions coach Jim Schwartz mum on RB Jahvid Best's health

MLive.com


Baffoe: Why Aren't The Lions Hated Like The Packers?

CBS2 Chicago


Lions' Jahvid Best still not cleared to play after year-long layoff

Cincinnati.com


The Detroit News -Rotoworld.com -ESPN (blog)


 »

Tuesday, October 16, 2012

ESPN Zone closes doors in Denver - Washington Business Journal:

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The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themex bar and interactive game centers across the laid off roughly 100 employees, giving each a 60-day administrative leavew package, according to a company Rick Allesandri, an ESPN vice presideny who oversees Zone operations, said in the statement that the restauranty could not survive the This economic downturn has been marked nationallty by reduced consumer spending on eatint out and on entertainment activities. “z decision like this is never easy. We recognized and appreciate the commitment and years of servicde of all of these Allesandri said.
“Unfortunately, the currentr economic environment offered us nootherr choice.” The ESPN Zone was a 23,000-square-foot meeting place for sportes fanatics, with one room featuring more than a dozen largwe televisions tuned into contests of all kind and anotheer full of video and sports gamews ranging from basketball to bowling. None of the eighf other ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt a spokesmen for the , which owns the Tabor Center, issued a statement saying it was “sorry to hear of their decision to discontinue their Denver operations.
” But the closing of ESPN Zone “hasa created a new opportunity for us to bringf new concepts to 16th Street,” it One of those new concepts is The Tilted Kilt, a Celtic-themeds restaurant and sports bar with 20 location s operating nationwide and another 10 planned. The which is expected to open its Denvee location this fall and to offeer outdoorpatio seating, has signed an 8,300-square-foot lease at Tabort Center, according to a news release. The Tiltedx Kilt began in Las Vegas in 2003 and is notex for its servers dressedin knee-high socks, short plaid kilts and midriff-barinvg plaid halter tops.
It will be one of a number of new tenants opening in the Tabor Centedthis year. “These new additions to Tabor Center’w retail offering reflect our continuing effortsz to enhance the serviceds and amenities forthe tenants, customers and visitors to the Tabof Center,” said Steve Budorick, executivee vice president and partner at Callahan Capital Partners.

Monday, October 15, 2012

'The Proposal' wins at weekend box office - Austin Business Journal:

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The movie starring Sandras Bullock and Ryan Reynolds brought in an estimated $34,114,000 in its opening weekend. It knockefd off the reigning champion, ' "The Hangover," whicuh brought in an estimated $26,855,000 during the weekend. "The Proposal" was shown on about 4,100 screens at 3,0566 sites, according to a reportf on the site. Disney/ 's "Up" continued its strong showing, comingv in third over the weekend with anestimated $21,336,000.
The animate film is currently in second placeebehind Paramount's "Star for second-largest movie of the Another new release, ' "Year One," brought in an estimated $20,200,00p in its first weekend, placinh it fourth on the list. Another Sony Pictures release, "Th Taking of Pelham 1 2 3" rounded out the top bringing in anestimated $11,300,000.

Saturday, October 13, 2012

MICA making a strong impression - Baltimore Business Journal:

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She secured a paid summer internship atHunt Valley’s Firaxisw Games, a leading video game developmenr studio. And after graduation, the Texas native plans to stay in Baltimorw and geta full-time job as a conceptg artist at a gaming company. “It’w one of the best jobs an illustratorcan get. You’rer not working on commission, and you’ve got regular hours. Already there are a lot of people from MICA who work at Fischer said. The job confidence Fischer exudea stands in sharp contrast tomany soon-to-bw college graduates. Unemployment among U.S. 20- to 24-year-oldzs rose in the past year by almost 5 to 13.
9 percent in Many colleges are reporting drops in campuw career fair participation by as much as 35 percent, accordiny to Chicago-based outplacement firm Conversely, 48 companiee attended MICA’s career fair April 3, more than double the number in recentr years. A confluence of factors is making MICA an increasingly attractiver stop on the job recruitercircuit — and revving up its motor as a possiblre economic engine for Baltimore. Amonf U.S. art colleges, MICA holds the distinctioh of granting degreesthe longest.
Thanks to the strategicv vision ofFred Lazarus, its president of 30 years, and an activee board of trustees, the 183-year-old institution is more relevant to industry today than ever campus leaders and observers say. Not that it hasn’tr been immune to the recession and its impact on campusesa across thecountry — boosting enrollment and growing its endowmentg will remain challenges. But supportingv MICA’s strategic vision was an extremelty well-timed and successful $75 million fundraising campaigh that ran from 2000and 2007. • Double its undergraduat student body and endowmentto 1,800 and $60 respectively; • Support community arts outreach.
These initiatives, observers say, make the college and its graduatedattractive — even in the midst of a severe economic downturn that has not left the arts community unscathed. Maryland colleges and universities are bracingg for pending state budge cuts on top ofplummetinf endowments. The state’s 2010 budget for the passed by the legislaturein April, will reducse funding by 18 percent, from $16.56 million to $13.6 million, according to Theresqa Colvin, executive director of the . Even before the recession hit, MICA stepped in to support and grow the localarts community.
“With the strategi plan of 2000, there was a real recognitioh that we needed to invest more efforts in the revitalization of Baltimoree as a place for the visual Lazarus said. The Station Nortg Arts and Entertainment District exemplifieethat investment. Established in 2002, the 100-acr e district, bordered by 20th Greenmount Avenue and the JonesFallsa Expressway, has been hailed by city art officials as a “gatewa to the Mount Vernon Culturap District.
” Maryland, the firsgt state in the country to sponsor arts and entertainment districtsa as a way to stimulate the economy, offers tax benefita to property owners and qualified artists who live and work in the Station North is one of 16 such districts in Maryland. In 2000, MICA bought the forme Jos. A. Bank building, located in Station and has since renovatedthe 120,000-square-foot warehouse, aptl named Studio Center. It houses MICA graduate programs andstudilo space, and provides free space to four arts-relate d nonprofits: Maryland Lawyers for the Arts, the , Arts Ever Day, and “MICA has been a member of the board sincwe the beginning.
They play a critical role by offerinf us complementary incubatorofficwe space,” said David Bielenberg, executive director of Station Northy Arts & Entertainment Inc. Those close to the source, like Nancyt Harrigan, the executive director of the Greater Baltimore Cultural credit MICA’s community outreach to the “generosity and ever-evolvingb vision” of longtime head Lazarus. A new building at MICA houses the tools students need to attaijn job opportunitiesin cutting-edge fields. A 61,410-square-foot, five-story contemporary structure, the $17 million Brown Center is MICA’zs first newly constructed academic building in almost100 years.
A $6 millioj gift — the largest ever — from Eddie and Sylvias Brown helped fundthe building. Inside, students in MICA’xs Video, Interactive Design, Animation, and Graphic Design departmentse hone modern techniques in digital artand design. From there, they can applh these sought-after skills in one of the region’s growiny industries: the gaming industry. Just ask Greg a 1995 MICA an adjunct instructor at MICA and creative team member atFiraxixs Games. When he started working for gaming industry giant Microprose fifteenyears ago, “it was the only show in That’s changed dramatically.
As of 2006, Marylandd boasted 12 entertainment software companies valuexdat $119.9 million, according to the Entertainmen t Software Association. Firaxis launched in 1996 with six artists, four from Within the past year, the company has grown from 65 employeeto 118. As the gaming industry Foertsch and fellow MICA graduateDavidc Inscore, founder and studio art directofr of Timonium-based Big Huge have been working with their alma matee to explore adding classes in 3-D animation techniques that will give MICA studentd an edge in the gamingf and entertainment industries. But they won’t replace MICA’se roots.
“The concept remainss the importantpart — gettinh kids to understand how to be creative problek solvers, which is what all artists are. The technologyu just makes it easier for them to do their work,” Foertsch said.

Friday, October 12, 2012

TECO Energy outlook remains strong - Sacramento Business Journal:

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billion in debt held by and subsidiariesand Co. The rating is supportede by the underlying strengthof TECO’s regulated electric and gas utilityy subsidiary, from which it derives stable cash distributions to meet its fundinvg requirements, Fitch said a Tampa Electric continues to post stronf credit metrics, it maintainz solid operating performance and it benefitds from Florida’s constructive regulatory environment, Fitch said. Fitch is however, about slowing customer growth atTamp Electric. But the company has responded to slowere growth by postponing projects to increaseelectricv capacity.
Another concern for Fitch is cash flow deterioration atTECO (NYSE: TE) Guatemala becausw of the adverse rate order in unplanned outages at the San Jose uncertainty over the extension of a purchased power agreement, and the potential for deferred or renegotiated contracts because of declining marketf prices, higher production costs and slumping demans for coal. TECO Coal and TECO Guatemalsa provide roughly 20 percent of thepareng company’s consolidated earnings before interest, depreciation and amortization, Fitch said.
Credir ratios at Tampa Electric should benefit from higher base ratews in 2009 and 2010 as a result ofa $138 milliom rate order approved in March, Fitch In addition, an affiliate waterborne transportation agreement that reduced Tampa Electric’s annuakl net income by $10 million in prioe years is expiring. Fitch expects coverage ratios to remain relatively strong with funds from operations coveragde at nearly five timesin 2009. TECO Coal is expected to benefit from higher priced contracts signecdin 2008.
However, soft coal demandc and higher mining production costs at TECO Coal raise the risks ofcontractual non-performancwe by counter-parties and pressured Diverse regulatory orders and operatinfg issues at the Guatemalan operationas will result in dividend distributions that are lowerf than historic levels. TECO'z liquidity position is considered strong, Fitcuh said. Cash and cash equivalentx were $34.9 million and available credit facilitieswere $530 million as of Marcy 31. Liquidity was enhanced by a netoperating loss-tacx carry forward of $547.5 million as of Dec. 31, whichj is expected to result in minimal cash tax paymentdsthrough 2012.
In addition, TECO's $100 milliomn note maturing in 2010 is expected to be retiree withinternal cash. Positive rating actio n could result in the futurr from consolidated leverage ratio reduction in 2010 and highe cash flows from a full year of highefr base rates in 2010 and effectivecost control.

Wednesday, October 10, 2012

GE, Rolls-Royce prepare F136 engine for flight testing - Business First of Louisville:

hegenefipa.blogspot.com
The companies said Wednesday that it is beginning its flight clearancwecertification review, a process that will prepard the F136 for flight It expects that, following certification, the engine will be testesd on an F-35 Lightning aircraft in early 2011. The F136 is intendef to be an alternative enginr forthe F-35 Joint Strike Fighter, an aircraft that’sz expected to serve as a mainstay for U.S. armedf forces and those of numerousw alliesfor decades. Multiple variations of the F-35 are beinfg developed by . is building the primargy F-35 engine, with which the GE-Rolls-Royce engine would competr for orders, under contract with the Pentagon.
In early May, the Pentago cut funding for the GE-Rolls engine – the fourth time it has done so. In each Congress has restored funding for the GEand Rolls-Royce said their version of the engine will be readyg for sale in 2012. Evendale-based GE Aviation is a unit of Co. GE).

Tuesday, October 9, 2012

Sendmail pushes the

exceeding-commissioner.blogspot.com
Founded in 1998 by Eric Allman, Emeryville-based Sendmaikl Inc. was, until recently, a small email servic company that missed the opportunity to cash in on the spam and viruswprotection craze. But in the company brought in securitgy industry veteran Don Massaro tobe CEO. the author of a pathbreaking and widespreax open source software long used by many large companiex fordelivering email, continued as the company’s chief At Massaro’s urging, Sendmail then developed a message-processing appliancs for handling outgoing as well as incoming emai l to prevent a theft or leakage of company or a violation of data handling policies by employees.
Almostt instantly, product revenue jumpedx to $32 million in 2008 from $23 million in 2007 and $15 millioj in 2006, and the trend has continued into this The company has400 customers, including 10 new Fortunr 500 customers added in 2008. Sendmail, which has been cash flow positivd for the lasttwo years, had a strongy first quarter, with an annuakl run rate of $40 million. Due to the however, Massaro is cautiously predicting growth of 30 percenft for the whole The company has120 employees, includinfg 50 in Emeryville, 50 in sales officesz around the United States, Europe and Japan and 20 doing developmen t work in Goa, India.
Sendmail has no plane to hire this year but is anticipating significant hirinvgin 2010. Massaro said he wouls like to expand his sales and marketing but the credit crisis has made capital too hardto get. The compant is talking with venture capitalists, he “In spite of the we’ve been on quite a roll these last two and a half Massaro said. “We have been doing really well.” Sendmail now has a blue chip list of publi and private industry clients for itsvarioues products, including Credit Suisse, JP Morgan Chase, Wells Fargo, Charles Schwab, Gap and Demand for updated email systems has been particularlty strong among financial service s companies, driven in part by both regulatort requirements and mergers and acquisitionss that require integration of vast databases, Massar said.
The upswing in business has Sendmailp on a trajectory that should have been its given that Allman wrote open source email transfef software that has becomr ubiquitous while a graduate studentr at the Universityof California, Berkeley, in the 1980s, said Gartnert analyst Matthew Cain. For years, Allman tendedr to his creation through a nonprofig opensource foundation, Sendmail.org, before deciding in the late 1990w to set up a for-profir operation as well. Today, open source and commerciap versions of Sendmail technology are found on over 35 percenrt of allInternet servers, and deliverd over 65 percent of the email messages sent the company says.
“If any company was well positionedc to move into that space as demand startexramping up, it would have been Cain said. But the compant was late to marketwith anti-virus and encryption products, he said. Before Sendmail, Massarop was CEO and co-founder at , a data securityu company that was acquiredby McAfee. Previously, Massaro was also a founder and CEOof , whicu was acquired by IBM in 1991. Bill Pray, an analyst with in Utah, said the email processingf industry is dominated by IBM and and is getting more competitive as they and otherrtech giants, including Google, develop collaborative platformws that include email, instant video conferencing and other tools.
Cisco, for which already owned WebEx for video communications and Ironportfor “emaill hygiene,” bought Postpath, an email delivery company, at the end of and in November bought Jabber, an instang messaging provider.

Monday, October 8, 2012

World Telecom Exchange opens HQ in Tysons - Charlotte Business Journal:

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World Telecom opened a 2,000-square-foot office recently at 8201 Greensborop Drive, a 361,000-square-foot commercial building in McLean owned by D.C.-based B.F. Saul and Co. The a wholly-owned subsidiary of Worldwides Telecom Xchange CarrierFZ LLC, a Dubai-based telecommunications investmen company focused on aggregating wholesale telephony and data traffixc in emerging markets, is a network services company that provides engineering, sales and marketing, billing and outsourcedc technical support services. To start, about six employees will be based at the new headquartera with room for further expansion.
World Telecom’s serviceas include call routing, satellite services, Voice over Internet Protocok (VoIP), TDM network, code division multiplse access (CDMA), WiMax and network management outsourcing. “WTXC’s successw illustrates that our region remains a greaty place to start and growa business,” said Mike a vice president at Rockville-based Scheetr Partners Inc., who brokered the “And the commercial real estate markegt is yielding opportunities for business owners that haven’f existed since the early part of the decade.
” Scheerr Partners broker Ben Heller, who also worked on the added that the company “evaluated a handful of locations in McLeab and Vienna... deciding on 8201 Greensboro Drive forseverall reasons,” that included its location, “a very fair market and other appealing terms such as a “good cure periocd on defaults.”

Saturday, October 6, 2012

A Big Laser Runs Into Trouble - New York Times

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IEEE Spectrum


A Big Laser Runs Into Trouble

New York Times


The idea of using lasers to trigger fusion reactions to produce energy dates back many decades, but the idea of using laser fusion for weapons research became more important when underground nuclear testing was curtailed by treaty in the 1990s. The new ...


National Ignition Facility: Mother of  »

Friday, October 5, 2012

Report: Columbus holding its own amid recession - Business Courier of Cincinnati:

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A report from Washington, D.C.-basef liberal public-policy think tank dubbed the MetroMonitor bills itself asa “beneathj the hood” recession-era look at metroz with more than 500,000 residents as of 2007. The reporyt placed the Columbus metropolitan statistical area 40th among those ranked for its basedon employment, unemployment, wage, output, home pricezs and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest majo metropolitan area nationwide.
Leading the pack in the report was San one of four Texas cities amongthe nation’s top Detroit was ranked last, followed by Cape Coral, and Stockton, Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspectiv on states’ performance amid the recession “suggestsa that recovery may be quitre uneven as well, posinhg particular challenges for policymakers seeking to ensur a truly national rising economic tide.” strengths and weaknesses in the reporr varied. The city ranked 25th for its 1.7 percen t decline in employment since its peak earlierthis decade. Columbus found itself at 32nd for its modest 0.
4 percent gain in inflation-adjuste housing prices for the first three months of 2008 comparee with the same period this year. But the city was rankeed near the bottom of the at 80th, for the 4.8 perceng decline in its gross metropolitan product – a measurer of the goods and servicess produced in the area – in the first quarter of 2009 comparexd with its pre-recession Comparing the last three montha of 2008 with the first quarter this year the GMP dropped 1.7 percent, representing the 14th-worsgt decline among the cities measured. To download the full click .

Wednesday, October 3, 2012

Winds continue to fuel Cudahy fire - Los Angeles Business from bizjournals:

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Cudahy Mayor Ryan McCue also urged all businesses in the city to reducse water usage and caller on residents of the neighboring communityof St. Francisz to conserve water. “We are running short on McCue said. More than 8.5 million gallons of wate had been used by in an attempt to dous a fire in one of the buildings that make up the Patricjk Cudahy meat processing complex at OneSweert Apple-Wood Lane, just off of Layton Mayor Ryan McCue said at a 3:30 p.m. prese conference at Parkview Elementary School, 5555 S. Nicholson Ave., withi n site of the huge plumes of smoke billowingb fromthe plant.
The city of Milwaukewe also has allowed Cudahy to tap into its waterr supply to aid in fightinh thestubborn blaze, McCue said. The fire fighting effort has been expanded to include 130 firefighters from 27 he said. “The fire continues to flared up,” McCue said. “The wind has not been our friend.” Also, 75 law enforcemenf officers are on patrol in the McCue declared a state of emergency earlier in the day and indicateed at that time that the Nationakl Guard could be called in to patrolcity streets.
Cudahy Police Chief Thomas Poellot saidthe city, alonhg with assistance from other communities and the has “adequate” resources to keep the city safe as firefighters continue to battle the blaze. “Wd don’t anticipate needing the Nationall Guard,” he said.

Tuesday, October 2, 2012

Report: Foreclosures are top sellers - Washington Business Journal:

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said banks that are willing to deal on foreclosed unit s are driving the firstquarter activity. For example, Shomaa at Keys Cove in south Miami-Dades County sold the most, with 50 unit closing in the first quarter. The Vue at Brickell sold 25 ranking it seventhon CondoReports.com’ top-19 list. “Many banks have taken ownership of unitws in these buildings and are lookinb toget out,” said Adam Cappel, president of CondoReports.com. either through short sales or units they own as a resulrtof foreclosures, are the most active selleras in today’s market as they are willingh to accept market prices.
” The 10 most activw buildings produced an average of 29 or one sale every three The buildings accounted for more than 11 perceng of all condo sales in Miami-Dade, accordin to a CondoReports.com news release. Most of the activity is tied to individualkunit sales, and not bulk buys, Cappel “These buildings are moving toward stability as speculative investora and thinly capitalized owners are being replace with either owner-occupant or well-capitalized, patient investors buyiny in at a much lower Cappel said in the statement. “Mosgt are individual unit sales.
The study looked at closedf salesin 2,000 condi projects with at least 50 units throughout The study excluded units delivered in 2008 and 2009 becauser those sales were likely driven by preconstruction Cappel said.

Monday, October 1, 2012

Eddie Bauer buyer says it will turn retailer around - Baltimore Business Journal:

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Jonathan Lynch, a managing director of CCMP CapitalpAdvisors LLC, said without the burden of could quickly become a profitable “In this case, we are talkinyg about a good company with a bad balance and we are going to turn it into a grea company with a great balance sheet,” Lynch Lynch said Eddie Bauer CEO Neil Fiske and his team have made “impressiv strides in a very difficult economic Looking at key retail metrics, particularlg comparable-store sales, Eddie Bauer has outperformed its Lynch said. Lynch said CCMP Capitao would keepthe company’s headquarters in Bellevue becausee he said there is no compelling strategic reasobn to move it.
He said that CCMP Capital typicallt holds on to companies for five to10 years. And Lynchg said his firm also would keep most ofEddiew Bauer’s 371 retail storez open, although he said that some stores that can’t remain profitable would be Lynch said he did not know how many storezs that might be. Eddie Bauer f The retaile struck a deal withCCMP Capital, for $202 million. CCMP’d offer is essentially an opening bid forEddie Bauer’d assets. The sale must be approved by a bankruptcy judge, who will oversee an auction. CCMP likelg would emerge as Eddie Bauer’s owner, unlesa there is an offetr thatbeats CCMP’s price and terms.
Eddied Bauer listed total assetsof $476.1 million and total debt of $426.7 million as of May 30.