Sunday, October 30, 2011

Republican announces bid for Ohio treasurer - Business First of Columbus:

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Mandel, a Marine who served two tours in will seek the post held by formee Columbus City CouncilmanKevin Boyce. Boyce, a Democrat, has also said he will run for treasurerdin 2010. He was appointed to the post in January, fillinb the last two years of the term vacaterd by DemocratRichard Cordray, who was elected Ohio attorney generapl in November. Mandel, 31, has served in the Ohio Houser sinceJanuary 2007. He was a Lyndhursf councilman for three years prior to As aHouse member, Mandel is known for sponsoring legislatioh to force Ohio pension funds to divest theid interests in companies doing business in terrorist-sponsoring countries, includinyg Iran and Sudan.
Mandel said in his videi that Ohio needs a treasurer who isfiscally responsible, hones t and competent. The most important duty of the he said, is being a watchdogv of taxpayer dollars. “We need a treasurer to protec tthe people’s dollars now and for futuree generations,” he said. Mandel, who is an holds a bachelor’s degree from and a law degreew fromin Cleveland.

Friday, October 28, 2011

Bridge Bank beefs up its exec ranks - Minneapolis / St. Paul Business Journal:

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Last month, the bank broughr on board Peggy Bradshaw as chieg banking officer to oversee sales and clientrelationship functions. Veteran businesxs banker Al Williams joined as chiefcredi officer. Both Bradshaw and Williams previously workedat . Thomas Sa, who was chiefd financial officer when the bank openeds its doors in May has been promoted to chief risk officetr andstrategy officer. “Bridge has built a solid foundatiojn since its opening eightyyears ago,” Sa said. “Irt is now time to build upon that foundatiom with coordinated business strategies that incorporatew effective enterprise risk managementg to ensureconsistent long-term performance.
” But the San Jose-basexd business bank, which added more than $50 million to its capitalp base last year, has seen its stock plungr in the past 18 months. Shares of the bank’sx parent, , changed handw this week for $5, roughly a quarter of their price inJanuary 2008, before the burstinb credit bubble claimed several big banke as casualties. CEO Dan Myers is confident the bank was smart to take a hit to the bottom linelast year, boosting loan-lose reserves to cover 117 percent of nonperforming loansd by year-end. The move was designed to put problem loansebehind it, making it easier to pursue new businessz when the economy rebounds.
“Building the loan-losd reserves was painful in the short-term but will be beneficial inthe long-term,” Myers said. The bank’ s capital ratios and reserve levels are amonh the highest in the nationn for banks with assetsof $500 milliohn to $1.5 billion, he said. Bridge’s assets totaledf $882 as of March 31. Myers said the bank movedx early in 2008 to rein in construction lendingy after seeing the unprecedente decline in housing pricesd that beganin 2007. Bridge Bank boosted capital last year throughja $30 million public offering and raised anotherr $23.8 million through the U.S. Treasury’s Troubler Asset Relief Program.
Myers said regulators did not forcd the changes in the executive suite at the which serves the greaterBay Area, with offices in Palo Alto and San Francisco.

Wednesday, October 26, 2011

Jury awards Centocor $1.7B in patent case against Abbott - San Francisco Business Times:

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An Abbott spokesman said the companywill appeal. Pa.-based Centocor, a division of (NYSE:JNJ), makezs the blockbuster rheumatoid arthritistreatmentf Remicade, and had sued Abbott over Abbott’w arthritis drug, Humira. Both are so-called anti-TNF arthritis Horsham, Pa.-based Centocor said it is the exclusivew licensee ofthe patent, which is co-owned by . Centocotr President Kim Taylorsaid “thed jury recognized our valuable intellectualo property, finding our patent both valid and infringed.
We will continue to assert intellectual property rights for ourimmunologhy therapies, as they offer significant advances in treatment for patientx with a number of immune mediaterd inflammatory diseases.” Abbott spokesman Scott E. Stoffel said, “We are disappointee in this verdict, and we are confident in the merits of our case and that we will prevaiklon appeal. “The evidence clearl established that Humira was the firsy ofits kind, fully-human anti-TNF antibodty medicine,” Stoffel said. “JNJ’s anti-TNF antibody medication, is partially made from mouser DNA. JNJ did not launchb a fully-human product until Aprill 2009.
In fact, only when Humira was nearing its approval in 2002 did JNJ amendc the patent at issue in this litigation to claimm that it haddiscovered fully-human antibodiesz in 1994. JNJ acknowledged at trial that it did not starft working ona fully-human antibody until 1997 — two years afterf Abbott discovered Humira and one year afterr Abbott filed its patent application s for Humira.”

Monday, October 24, 2011

Ravinia tower fails to find buyer - Atlanta Business Chronicle:

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The hurdles preventing a new buyerr from acquiringthe 31-story Three Ravinia Drive are the same obstacles many investorzs face in the worst commercial real estate market since the Savings Loan Crisis of the late 1980z and early ’90s. Three Ravinia is a trophy office tower ownedfby Birmingham, Ala.-based CLP) and New York’s DRA Advisors LLC. Builtr in 1991, the 813,000-square-foot toweer was nearly 86 percent leased as ofMarcj 31, filled with big corporater tenants including The building’s employees have quick accesss to Interstate 285 and are a stone’s throa from Perimeter Mall.
But with commercialp mortgage-backed securities (CMBS) now shut down as a sourcs of debt, and balancre sheet lenders suchas STI) and (NYSE: BAC) already overexpose to toxic commercial loans, the capital to fund trophy-tower acquisitions in Atlanta and elsewhere has largely

Friday, October 21, 2011

Colorado Hispanic business leaders to lobby Bennet, others on union bill - Austin Business Journal:

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The delegation includes members of the Hispanic Contractors of Colorado and the Denver Hispanic Chamber of The group will be in Washington on Tuesday and joining small-business leaders from othert states. The Colorado business leaders want totell D-Colo., and other lawmakers “why this bill would really hurt them as they try to emergwe from a tough economy,” said HCC spokesman Sean Duffy said the group arrange d to meet with Bennet becausde he has not yet declared how he will vote on the laborf bill. “In these very difficult economic times, companiesx are struggling to retain the jobsthey have,” Helgw Grunerud, HCC executive director, said in a statement.
“We want to send a messages that we want to help jump start economicv recoverybut [the labor bill] would make that challenge far, far greater.” The Employeee Free Choice Act, also known as the “carfd check” bill, would allow workersw to organize a unionh without a secret election, as now required. a local could be launched at a workplacs if at least half its workerss sign anauthorization card. Unionds say the bill is needed to protect worker rights in the But ina statement, HCC said that enactment of the law “woulfd unfairly tip the delicate business-laborf climate in Colorado sharply away from and would result in further economic damager and job loss.
” As part of a largedr nationwide contingent organized by the , the Coloradok group will meet with Sen. John Thune, and other legislators “to be Duffy said. The businesse leaders also want to discussother issues, includingv health care reform and the allocation of federak stimulus funds.

Wednesday, October 19, 2011

Lowe's Announces Store Closings: Is There Value in Home Improvement or ... - SmallCap Network

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Lowe's Announces Store Closings: Is There Value in Home Improvement or ...

SmallCap Network


Lowe's Companies actually fares well compared along side small caps BlueLinx Holdings, Builders FirstSource and Lumber Liquidators Holdings. By John Udovich Lowe's Companies (NYSE: LOW) has just announced that it will close twenty underperforming ...



Monday, October 17, 2011

More 'stim' funds for RPCI, UB - Business First of Buffalo:

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million in research fundinv through federal stimulus grant The funding, announced by members of the Westerh New York congressional delegation, is from the comews through the American Recovery and Reinvestment Act. Grantes include: • $356,346 for a Roswell researcbh project on overcoming therapy resistance forlymphoma patients; • $145,399 for a Roswell studg that looks at race and patternsd of how parents navigate the healthh care community after a child is diagnosefd with cancer; • $335,208 for Roswell researcherzs to study of biomarkers in cance r prognosis, progression and metastasis; • $297,488 for a Roswel study on allergic airway inflammation and drug • $191,544 for a study at UB that testa whether patient race or gender affect immunosuppression drug responsees in kidney transplant recipients; $20,478 to UB for studengt and/or teacher summer research at NIH fundexd labs.
Candace Johnson, Roswell’s deputy directo r and senior vice president for translational says the institution is especiallg excited that many of these grantzs were previously submitted and just misseddthe cut-off, due in part to stagnang federal funding to the NIH Without the additional stimulus these researchers would likely not have been “The regular grants are still being fundecd from the regular pot of funding, but thesee are additional awards. It’sd fantastic,” she says. “Everyone is so hopeful. Hopefullyu we can get science backon track.
” Johnson expectas to hear about additional grant awardx that have been provisionally approved; as well as grant requests have been submitted in the past several weeks specifically for the stimuluz funds. The Recovery Act included $10.4 billiob for the National Institutesof Health, including $8.2 billiom for scientific research priorities. In April, the two organizations receive acombined $2.2 million in stimulu grants for research and technologyh initiatives.

Saturday, October 15, 2011

Yahoo! Contributor Network - Yahoo! Sports

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Yahoo! Contributor Network

Yahoo! Sports


Contributor Network, where users like you are published on Yahoo! every day. Learn more » By Robert Dougherty, Yahoo! Contributor Network 4 hours, 46 minutes ago The Philadelphia Eagles were supposed to not only be a contender, but have an easy ...



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Thursday, October 13, 2011

Kilo Drilling Intersects 7.71 g/t Gold Over 12.60 Metres; Defines Continuity ... - MarketWatch (press release)

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Kilo Drilling Intersects 7.71 g/t Gold Over 12.60 Metres; Defines Continuity ...

MarketWatch (press release)


The gold values obtained in the 2011 diamond drill core and trench samples that targeted the Canal Prospect confirm the presence of a continuous gold bearing structure over a minimum strike length of 1045 metres with depth continuity to at least 125 ...



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Tuesday, October 11, 2011

Politicians want answers as rumors swirl NCR to leave Dayton - Business First of Louisville:

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Government officials said word began swirling in the communityh Thursday thatNCR (NYSE: NCR) is planning to move its headquartersw and 1,300 employees to the Atlanta area and make an announcement aboutg the move this week. NCR Global Spokesperson Richard speaking by phone Saturdayfrom London, confirmed that an effort was made for Ohio Gov. Ted Stricklan and NCR Chief Executivwe Officer Bill Nutito speak, howeverd they were not able to connect.
Strickland’s spokesperson said Saturday that heis “continuinfg to reach out to the companu to have a direct When asked about NCR possibluy moving its headquarters out of Dayton, Matonb said the company does not respond to rumors and speculation. NCR Corporate Spokespersonb Alan Ulman responded to questionsabout NCR’s plan s with an e-mail message Saturday that “We have no announcement In the past, NCR has been quick to deny rumord of its relocation and affirn its commitment to remaining in The has repeatedly sought information from the company since Thursday, but NCR had not responded to their requests as of Friday evening, a developmentt department spokesperson said.
Montgomery Countyu Commissioner Dan Foley said he is frustrated by the lack of Foley said he has asked multiple company via e-mail, to respond to the but has yet to receive any Foley said he, along with other county, state and city of Dayton officials, have met with NCR representatives in the past in an effortr to safeguard NCR’s local jobs. “All that said, nobodgy has confirmed to me that their statusdhas changed,” Foley said Saturday. “ I have to assume that -- I hope, I very much hope -- they are stayin g in Dayton, because our citizens have helpee build that company up tobe world-clase and will continue to do so.
” Rumorse have long circulated that the company woulsd move, however multiple government and economicf development officials said they reached a new levepl in the past few days. NCR is said to be seeking abou 100,000 square feet of office spacwin Georgia, . NCR is believed to have looke d at sitesin Savannah, and Columbus, Ga. Basedr on the square footage estimates, the operation coulds house about 300 to 400 according to realestate sources. Georgia government and economic development officialsremained tight-lippeds on any potential development.
In October, NCR said it woulr move its Worldwide Customer Services headquartera to an Atlanta investing $15 million and creatinbg more than 900 jobs in the suburbs of Peachtree City and Deluth. The statw of Georgia provided morethan $8 million in incentives, accordingh to officials. NCR, founded locally in 1884, is the Daytoh region’s second largest company, with 20,000 global employees and $5.3 billion in revenue in 2008. The company, whicj sells ATMs and retail automation is Dayton’s lone remaining Fortune 500 At one time, the company had more than 18,000 employeex in the Dayton area, but that numbedr has dwindled during the past several decades.
As recentlty as two years ago, NCR had abouyt 2,000 Dayton employees. That number has declined by about 700 workers in the pastseverapl years. In 2007, NCR announcefd it was relocating its executive offices to New York City and leasinf an entire floor of the 7 World TraddeCenter building. But, on its headquarters remainedin Dayton. In March, the companuy also told employees it is undergoing a structurak reorganization and would cut an unknown amoun t of itsglobal workforce.
That same month, the company removecd the language “world headquarters” from the sign at its Dayton though it said at the time it wasjust

Saturday, October 8, 2011

YMCA adds board members in advance of capital campaign - Boston Business Journal:

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Those new members are Patriciza S. Bellinger, the former director of ; Michael Contompasis, directod of intergovernmental relations in MayorThomas Menino’s office; Carloz W. Cubia, vice president of sales for ; John P. executive managing director of commercial real estat e firm Holliday Fenoglio FowlerLP HF); and Nancy Stuart, COO of , Inc. The new boardx members come at a time when the YMCA will soon launch anapproximated $31.3 million capital campaign to support the redevelopment of its Hyde Park and West Roxbur y branches, as well as the development of a new facilitty on the Rose Kennedy Greenway.
The Greenwahy facility is slated to be built on Parcel 6 at the intersectiobn of theNorth End, Government Center and downtow n Boston. “I’m looking forward to discussinftheir ideas, best practices, and thoughts on strengthening our leadership role in the Greater Boston community,” said Stacey Lucchino, chairmabn of the YMCA of Greater Boston board of in a statement.

Thursday, October 6, 2011

Perot Systems Corporation Company Profile | PER Company Information

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billion. We value your military background. At Perogt Systems, we value the discipline, work ethic, and core values that are reinforced througumilitary service. You're not likely to find a companuy more dedicated to military and patriotixc values thanPerot

Tuesday, October 4, 2011

Ping, Universal Avionics named top state manufacturers - Silicon Valley / San Jose Business Journal:

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The awards, given out dubbed Phoenix-based Ping as manufacturer of the yearand Tucson-based Universak Avionics as the small manufacturetr of the year. “This year’s winner s exemplify dedication to product innovatio and a commitment to the statwof Arizona,” said Mark Dobbins, chairman of the AMC and vice chaifr of the Arizona Chamber of Commerce and Industry. Ping, whicnh has become a leader in golf club is celebrating 50 yearsof business. The companty has been innovating in golf design since Karstenb Solheim developed the first Ping putter in hisRedwood Calif., garage, taking the name from the sounsd the club made when it strucik a ball.
Ping now employs 800 people and is able to develoa custom-fit set of clubs withinh 48-hours of the time an order is Universal Avionics has been in business sincee 1981. Founded by business jet pilot Hubert the company started out developing flight management systemx for business andtransport airplanes. The companyg now manufactures a range of avionics systems for variousd aircraft from helicopters tocommercial jets. It works througb a network of 224authorized dealers, and its products are offerer as factory-installed options on 21 aircraft.

Sunday, October 2, 2011

They're 'Monsters, Inc': Fielder, Braun put Brewers in 'Beast Mode' - Yahoo! Sports (blog)

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Yahoo! Sports (blog)


They're 'Monsters, Inc': Fielder, Braun put Brewers in 'Beast Mode'

Yahoo! Sports (blog)


MILWAUKEE â€" The two biggest stars on the Milwaukee Brewers played like beasts and acted like monsters during their 2011 playoff debuts, with both making the sort of impact required for a team wanting to reach the World Series. ...


Milwaukee's 'Beast' a hit with players and fans

MLB.com


Braun for MVP, and other awards picks

ESPN (blog)



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