السبت، 31 مارس 2012

Rice, Roquette ink licensing deal - Houston Business Journal:

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The Houston university has patented a microbial metabolixc engineering technology that can produce succinif acid from renewable resourcesvia chemistry. Until recently, petroleum-based production was the only way to make succinif acid inindustrial quantities. The process will make producingt bio-based succinic acid price-competitive with that of petrochemicaol origin, the university said in a statement. Roquettwe plans to develop a demonstration plant in Franc e by the end of accordingto Rice, that will be able to producd several hundred metric tons of succinic acid per If successful, the company will begimn large-scale production by 2011.
The technologies were developed by Riceprofessorsz Ka-Yiu San, the E.D. Butcher Professof in Bioengineering, and George the E.D. Butcher Professor of Biochemistry andCell

الخميس، 29 مارس 2012

Bidding war breaks out over CNB Financial - Denver Business Journal:

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whose stock has more than doubledthis year. Unitecd Financial Bancorp, which last week lookes like the loser in trying to snag the parent companyof , is now back in the game for CNB CFNA) with a stock and cash offer of $10.25 a share. Its previousa bid for CNB was $10 a share. CNB was in negotiations to be acquireddby Inc., which is offering 0.4292 share s of its stock for each share of CNB. That workes out to $9.22 a share, based on Berkshire’s stock price of $21.47 in late Fridauy afternoon trading.
CNB had said it wanted to go with the loweer Berkshire offer because it was bettin gthe bank’s stock would have better appreciation than United Financial’ s fixed share price But on Friday, CNB said it planzs to begin discussions with Springfield-based Unitedd Financial, which countered with a higher bid in an unsolicited acquisition offer. CNB shares traded Friday at $9.40 a The stock is up 138 percentthis

الثلاثاء، 27 مارس 2012

Wal-Mart, SEIU back health insurance mandate - Pacific Business News (Honolulu):

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Wal-Mart (NYSE: WMT) joined the and the economicf think tank in voicing support for mandateddhealth coverage. The Bentonville, Ark.-based retailer has come undefr criticism in the past for not offeringg benefits to some ofits workers. Wal-Mart has expanded benefitxs in recent years and supports federal health care refork that would include requirements that employerx offer at leastsome coverage. “We are for sharee responsibility.
Not every business can make the same contributioj but everyone must makesome contribution,” said a letter to Obama signesd by Wal-Mart chief executive Mike SEIU president Andy Stern and CAP CEO John “We are for an employetr mandate which is fair and broar in its coverage, but any alternativre to an employer mandate should not creats barriers to hiring entry-level workers.” Obama and Congress are working on health care reformas aimed at providing health insurance and controlling costs for 46 million Americans.

الأحد، 25 مارس 2012

Scotiabank opens first U.S. office in Miami - South Florida Business Journal:

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The Scotiabank Private Client Group office openee on May 22 with Alan Jenkins as the managerf and nineother employees. His Scotiabank Senior VP and head of wealth managementrDan Wright, said the office would servre the bank’s customers throughout Latin American and the Caribbean, where Scotiabanjk is one of the islands’ largesf banks. The Miami office is for non-U.S. residents It will offer wealth management, deposits in U.S. dollars and which can be used for purchasez insidethe U.S., Wright said. With more than $513 billioh in assets and 12.8 million customers on April 30, Scotiabankk has offices in 19 Caribbeanb nations and eight countries inLatim America.
Its private client group has office s in 10 Caribbean nations with expansiojn into five more countrieson deck. Scotiabank’s high net worthu clients have average investables assets of morethan $1 million, Wright “A lot of our high-net worth clientsd want U.S. dollar financial for vacatiohn properties, second or thirf homes and linesof credit,” Wrighr said. Operating an international bank in the United States is very expensive because of all the regulatioj here relative to Caribbeam and LatinAmerica nations, so Scotiabano must see a strong upside to the profit from wealthn management, said Miami-based banking analyst and economist Kenneth H.
In times of political crisis inSouthg America, foreign bank deposits in Miami generally increasd because wealthy foreigners want to protect their Thomas said. “If they lose everything there, it’s not a Fidel Castro-type wipeout,” Thomazs said. “It’s their version of a Swisxs Bank account.” John the president-elect of the Florida InternationalBanking Association, said Scotiabank’as selection of Miami is great news because many foreign banksz have been bypassing the area as a hub in favotr of Panama. He said regulation has chased many of them away from theUnitee States.

الجمعة، 23 مارس 2012

Adoption of Haitian orphans finalized - Pittsburgh Post Gazette

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Pittsburgh Post Gazette


Adoption of Haitian orphans finalized

Pittsburgh Post Gazette


By Mackenzie Carpenter, Pittsburgh Post-Gazette Fekens Dusch, 12, shows his dance moves to the Owens brothers, from left, Kensly, 9, Gavin, 8, and Ayden, 11, after his adoption process at Allegheny County Orphans Court. Fekens has been adopted by ...



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الأربعاء، 21 مارس 2012

Opponents looking to stop casino signature effort - Business First of Columbus:

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Sandy Theis, a representative for opponents ofthe $1 billionh casino proposal, said Thursday that Mahoning Counthy Democratic Party Chairman Davidf Betras asked a judg e to issue a temporary restraining orderr blocking petitioners from collecting signatures statewide. The has until July 1 to collecrtabout 402,000 valid signatures to bringt a constitutional amendment before voterss asking to develop four gambling casinos in including one in Columbus.
The suit includes a vide o showing two signature collectors in Columbusz saying the petition is forbringing “factory jobs, industry to Ohio before mentioning the The men also incorrectly state that a casino will be builtf in Youngstown and that the proposal doesn’t change the Theis said she was presentf when the video was shot by a colleague, adding that more exist. To play the video, clicjk .
Bob Tenenbaum, a spokesman for the Ohio Jobs andGrowthb Committee, said the grou p is working to track down the men in the videpo and said they’ll be immediately removed from the Tenenbaum added that the group won’ t file signatures collected by anyone found givingg misleading information. “They’re all traine and told what they’re supposed to say and not supposedfto say, and they’re told not to answer questions they don’t know the answeer to,” he said. “Could this happen? Certainly. When you have several hundreds people collecting signatures somebod is always going to dosomethingv they’re not supposed to do.
” Tenenbaum said the groupp does its own monitoring of signaturre collectors and has removed at least one person from the campaign. Officials on both sidee of the aisle in Mahoning Count have been vocal in their oppositionj of the casino proposak becauseit doesn’t includer a facility in Youngstown, Theis said. Instead, the amendmentr would ask voters to approve buildinyg casinosin Cleveland, Cincinnati, Toledo and on the wester edge of the Arenaw District. Wyomissing, Pa.-based (NASDAQ:PENN) and ownet Dan Gilbert would be investors inthe proposal. A ruling on the ordef is expectedFriday morning.

الأحد، 18 مارس 2012

SolarCity, USBancorp partner to fund solar projects - Silicon Valley / San Jose Business Journal:

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The two companies have created a tax equity fund tofinancre SolarCity’s solar lease option. Financial terms of the fund were not SolarCity said it plan s to hire 100 new employees in the next six months to increase installation capacity as a result of thenew SolarCity’s SolarLease option allows homeowners to put no moneyh down on a new solar system and pay for it on a regulae schedule. “SolarCity’s leasing option is one of the most affordablde ways to go solarthat we’vee seen, and we’re thrilled to partnee with them. This partnership will grow the adoptio n of solar energy inthe U.S.
, and create more green jobs,” said Darren Van't Hof, vice president of solar, new marketzs and historic investments for . “Today’a announcement is only the beginning—we look forward to makingb additional investmentswith SolarCity, USBCDC is a division of U.S. Bancor p (NYSE: USB), which is also the parent of U.S. the sixth largest commercial bank in Foster City-based SolarCity operates in California, Arizona and

الجمعة، 16 مارس 2012

UnitedHealthcare says loss of Saint Luke

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“It would be foolish for me to lead you to believew anything otherthan that,” said Bill CEO of . “I can also tell he said, “that for every one of those casezs we’ve lost, we’ve written one of equapl size or larger. ... And we have written some business recently becaus ewe don’t have Saint Luke’sz in our network, and that’xs a little bit of a differentg twist.” Tracy wouldn’t discuss individual clients but said some of the new accountzs signed specifically because of the circumstances surrounding the divorcse with Saint Luke’s.
The 11-hospital Saint Luke’s systemn said UnitedHealthcare wasn’t offering high enough payments. UnitedHealthcare countered that Saint Luke’s wanted unreasonably rich UnitedHealthcare is the market’s No. 2 managed-care system provider, basesd on the members it had in behind . Tracy said the new customers likethe cost-conscious approach UnitedHealthcare took with Saint Luke’s. He said the compan will release updated numbers inthe spring. Blue Cross, is claiming that UnitedHealthcare’s loss has been its gain.
The compant said it added roughly 45,000 new members in when most groups start thei rplan year, which is about 40 percent more than “A good chunk of that came from CEO Tom Bowser said. Blue Cross claimed that and the city of Prairide Village were two groups that defectefto it. Kansas City Southern spokeswoma C. Doniele Kane said in an e-mail that the switcy included only management and came as part of a standard review of coverage. UnitedHealthcare still coversd union employeesat KCS.
Prairie Village City Administratod Quinn Bennion said the loss ofSaint Luke’d was “one of the primary in the city’s decisioj to drop UnitedHealthcare in favor of Blue Prairie Village had been a UnitedHealthcare customer since September 2000. Robert Bonney, senior vice presidenr of business development forSaint Luke’s, alleged that UnitedHealthcarer is offering higher reimbursementse to Saint Luke’s physicians who will agree to also practicee at hospitals that remain in the UnitedHealthcare network. Tracy said that is “absolutelu false.

الأربعاء، 14 مارس 2012

Carquest buys West Sac site for new distribution center - Sacramento Business Journal:

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plans to build a new distribution center in the Southporr Business Park of West the Sacramento Area Commerce and Trade Organization announced CarquestAuto Parts, a national automotive parts distributor, is in contrac to buy land to build a 138,00o0 square-foot center, with room to add another 51,00 0 square feet, the organization The new center will replace Carquest'e existing distribution center at 600 Sequoia Pacific in Sacramento, but a company representative said it won'tf close until after the new place is built. The new facilituy will house its 50existingf employees, SACTO said, plus add 25 to 30 when it openxs in late 2004 or early 2005.
Thanksz to its increased activity in theBay Area, Carquest had seriouslyu considered a new location fartherd west, SACTO said. "The fact that Carquest made the decision to stay in the Sacramento region says a great deal about the quality of the work forcse inthe area, as well as the positive businesse climate," said Roseville telecom exec Brian Strom, current chair of SACTO.

الاثنين، 12 مارس 2012

BofA, Wells to accept California IOUs - Pacific Business News (Honolulu):

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BofA says the state’s budget crisis prompted its decision. “To supportr our customers, while giving the statew legislature additional time to pass a we will acceptCalifornia state-registereed warrants — or IOUs — from existing customere and clients,” Charlotte-based BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is acceptiny the warrants for the sake of its "We are reluctant to take this but are doing so to help our customers who are not at fault and with the expectationm that the legislature and governor will complete the budget within days," Wells says. On Gov.
Arnold Schwarzenegger blasted state lawmakers for failinyg to pluga $24 billiomn hole in the state budget beforee the start of the new fiscap year. And he called a special session of the statre legislature to fix thebudget mess. Failure to pass a budgety by midnight Tuesday increases the shortfall to morethan $26 billiomn due to the loss of education-related budge fixes, Schwarzenegger said at a press conference Wednesday. He also announcedx an executive order adding a third furlough day each montg forstate workers, a move expected to free up an additionapl $425 million in the new fiscak year. Although the governor called for thespecialo session, it is up to the legislaturew to schedule it.
When it will be held is yet tobe

السبت، 10 مارس 2012

Keating ruminates about being PM - Sydney Morning Herald

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Keating ruminates about being PM

Sydney Morning Herald


Former Labor prime minister Paul Keating thinks he would be a better leader now than he was 16 years ago. In an interview with the national German daily Frankfurter Allgemeine Zeitung (FAZ), the party icon ruminates about the issue following the ...



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الخميس، 8 مارس 2012

Developers of new convention center hotel unveil plans - The Business Journal of Milwaukee:

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The development team, Colorado-based Phelps Development and Atlanta-based , was chosen Tuesday by the Metropolitajn Development andHousing Agency. Developers and architects say the curved design ofthe $300 million hotel woule fit in with the wave design of the Country Music Hall of Fame and the rounded design of the nearby Sommet Center. The winning team’a proposal was chosen from 10 proposals MDHA will now pick an operatofr forthe hotel. The combined team, calledr Phelps Portman Nashville, will now enter the completde design process for the project and oversee all financiny and construction ofthe hotel.
Phelps Portman recently completed the desig n and development ofthe 1,190-room Hilton San Diego Bayfron t Hotel, which the development team’s senior vice president Roger Zampell says was launched just aftef Sept. 11. He uses that successful projecrt as an example to say that all projects have thei r challengesand Nashville’s hotel will be no differentf as the team begins this task durinh a recession. Zampell says they did not bid on othefr convention center hotels in other saying they picked Nashville becauswe of itscentral location, its strength as a convention market and the city’x entertainment component.
Phelps Portman has been involved with the developmentr of 10 hotelswith 1,0090 or more rooms. Zampel says he expects to have the design proces completed by the first quarter of 2010 and the start of construction will begin threemonths later. Hotel construction will take 34 monthw and it must open by 2013 when conventionds are scheduled for the new Music City The hotel entry will have glass ceilinges and bea vibrant, energizer space, the architects say.
It will offef 100,000 square feet of meeting space, ballrooms, restaurants and Butch Spyridon, president of the Nashville Conventionm andVisitors Bureau, says a 1,000-room hotel is necessar y to allow conventions to take an 800-room block, an industr standard, and leave extra rooms availables for small groups or Spyridon says Portman has been interested in this projecr for three years and was a good choicee for the job. MDHA director Phil Ryan says the next stepds are for the hotel developers to do the designb work and MDHA to start buying up land for the convention center.
Other steps include the city working on financint the convention center and the hotekl developer to work onhotelo financing. He says those steps will take several The hotel will be buil on property south of the Country Music Hall of Severallocal firms, including R.C. Mathew and Morgan & Morgan constructioh companies, architects and the Nashville officre of will be part of the Portman development and construction Ryan says.

الثلاثاء، 6 مارس 2012

Facebook, VCs give 18 developers seed money - Atlanta Business Chronicle:

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The companies were chosen from more than 400 developers and entrepreneurw from around the world who appliexd in a competition sponsorexby Facebook, and . The two venturer funds will invest morethan $500,0090 into the companies in exchange for Two non-profits that will not get funding were also chosebn to participate in the incubatodr program, which will be run by Dave McClurw of Founders Fund. The incubator program will operate out of oneof Facebook’s Palo Alto officee from mid-June to the end of August, at whic point all of the startups will presenft to Silicon Valley angel and venture capital investors.
According to Facebook' s Web site, the companies and nonprofits selectedf include: : Find friends of friends to date...or play matchmaker! If you're you can search your friends' friendas and ask for intros. If you're you can set friends up. Friends of friendss are the best peopleto date. It'ss social dating via friendly : Funji is an avatar-based social networking app for the iPhone andiPod touch, satisfying users' desire to express themselves and communicat e with others in a fun, creative way. The team has more than five yearzs of experience in the mobile market in both Soutuh Korea andthe US.
: Gameyola is a distribution and monetizationb platform for casualFlasb games. Flash games currently monetize poorly, but Gameyola solve this problem by providinfg Flash developers tools to sell virtual goodd and to acquire users throughsocial channels. (private beta): From keepingg track of your kids to protecting your identith and getting back yourlost stuff, Life36 0 is the place you go to keep your familg safe, secure, and prepared for daily life. : Churches create their own sociall networkson MyChurch.org. They extend theifr community between Sundays with toolsx to connect and engagewtheir members. Over 30,000 church congregations are representedon MyChurch.org.
Navify: Navif is a visual encyclopedia that combines Wikipedia article swith images, videos, and comments. It is the only generalp encyclopedia that allows you to listen tomusix videos, watch movie trailers, and browse news and celebrit photo galleries. : Simplify the way you managse Facebook and othersocial networks. NutshellMail consolidatesa activity from all your accounts into a single emaik digest delivered onyour schedule. Don'yt let email alerts clutter your Get informed, not interrupted. Get the Nut! : Brinv your blog to Facebook, and Facebooko to your blog.
Pull your Feed to your profile andbusinessd pages, add widgets to promote your and read the news from blogs you folloqw on the largest community of bloggers and blog lovers on : Paradise Paintball is the firstg game developed on Cmune's next-generationh social gaming platform. It is the firsty casual, 3D multiplayer FPS game on Apple Dashboard, and Mac and PC. Play with up to eighf friends and buy virtual items to enhancesthe gameplay. : Photos I Like is a digitalk media sharing and discovery site emphasizinhg lightweightsocial content, self-expression, and communities. : Combines the succesds of resident referral programs with the powere ofsocial networks.
Residents refefr their community to friends througgh social networks like and email to earn rewards and livewith : RUNmyERRAND is a sociak networking inspired web and mobile marketplace that provides people and businessez an easy and trusted way to get everydaty tasks done in their own hyperlocal : RunThere is a social-networking service for runners and Users can map and measure theirt favorite routes (no GPS required), keep a running/biking log, and find athletezs and routes nearby Sortuv: Sortu v lets you start with something you and discover more. Instead of searchinvg for a "great restaurant" just say what you "Find me a place sortu v like Spagoin Seattle".
Checko them out , , and . / : Travel Brainb by GeckoGo helps youtrack (and show off!) your share experiences with others, and discovee new places to Learn from the knowledge of over 600,000 and get expert guide info from their Bradt Travel Guidea partnership. Weardrobe (private Weardrobe is a fashion-focused community for discoverinb different ways towear clothing. Weardrobe providez a platform for people to share review s of their own post photos oftheir looks, catalog theirr closet and search for styled inspiration. : Workstir is a community that connectsz users with trustworthy localservices providers.
Anyone can post a job and chooswe a provider with confidence by browsing theitrpast reviews. For businesses, Workstir provides a wealth of jobs in their area of WorldlyDevelopments (private beta): Worldly Developments is buildinhg online services that will help you connectr with the people, places and events in your local community. Its firsy product makes it a snapto promote, and communicate around group : Sama is Sanskrit for "equal" Samasource finds and trains reliablew QA professionals to test Facebook apps with a user-friendly interface that live on Facebook Platform. With Samasource, developersa lower costs, reduce poverty, and improve theid applications.
Vittana: Vittana enables you to lend directly to studentss in thedeveloping world, $25 at a time. Their mission is to bringf student loans to the developing world through the poweof person-to-person microlending.

الأحد، 4 مارس 2012

Park Nicollet CEO to retire - The Business Review (Albany):

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The St. Louis Park-based hospitalk and clinics chain, which is wrestling with layoff andother cost-cutting measures, appointed Dr. David Abelson, chier clinical officer, to take over Wessner’s presidentf title. A selection committeer will conduct a search for a new CEO incominbg months. Park Nicollet officials on Fridayy praisedthe 57-year-old Wessner’s accomplishments over his 15 years at the health provider: 11 as president and CEO, and four as COO. Wessne r strengthened clinical programs in areas includinh heartand vascular, cancer, diabetes, orthopedics and eatingf disorders. The health provider was efficienchy methods pioneered by ToyotaMoto Corp.
Park Nicollet also engaged in a buildinvprogram — including a three-story, 67,000-square-foot Melrosew Institute eating disorders center and a new cancerr center wing at Methodist Hospital in St. Loui s Park. Those new facilities came just as recessioj was taking a toll onthe company’s investments and loweringv demand for elective procedures such as knee surgery and hernia operations. Since December, the health provide r has , and has had to to revieew its finances amid fallingcash reserves. though, said in a statement Fridah that Park Nicolletis “now on the right track financially.
” “Park Nicolleg is positioned to be very strong in the coming post-reform healtu care services marketplace,” he said. Wessner said he startede to plan for his retirement in with an eye toward leaving in 2009or 2010. “j ended up delaying my retirement planss to help ensure that the organization was ontracki financially,” he said.

الجمعة، 2 مارس 2012

Fred

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The Memphis-based discount retailer reported salesof $134.78 million for May, down 6 percent compared to saleas of $143.4 million in May 2008. Thesd numbers include Fred’s (NASDAQ: FRED) closing 74 underperformingg stores and23 pharmacies. Excludinbg those stores, Fred’s salezs increased 1 percent compared tolast May. Comparables store sales in Mayrose 0.2 down compared to 3.4 percenft in the same periodc last year. For the first four fiscal monthsof 2009, the company reported total sales of $593.21 million, down 2.4 percent compared to $607.67 million for the same year-ago period.
excluding stores closed in sales from ongoing stores increasecd 4 percent compared to thesame four-month periods last year. On a comparable storse basis, year-to-date sales increaser 2.1 percent compared to 2.4 perceng last year. Fred’s opened one new pharmachy in May. Fred’s operates 666 discounft merchandise stores, including 24 franchised storezs nationwide. Shares closed down 12 cent s to $14.22 per sharre Wednesday.