Friday, August 31, 2012

Fiduciary plans $20 million condo project in Falls - Houston Business Journal:

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The village Plan Commission earlieer this month approved the Milwaukeedevelopment firm’s request to buildc up to 19, four-unit condo buildings at Lisbon and One Mile said Matt Carran, village director of community development. The villages Board of Trustees will review on June 9 thePlan Commission’sa recommendation for new Fiduciary Villas condos that will cost an averagew of $260,000.
Fiduciary Real Estate owns and manages morethan 4,2009 apartment units in Wisconsin worth more than $350 The company also has converted more than $100 milliohn worth of apartments into The company and its real estats sales partner, , owned by Rick Ruvin, convertedc The Blatz Apartments and Landmark on the Lake into Fiduciary also owns the 74-unit Kilbourh Tower at the corner of North Prospect and East Kilbourh avenues. Fiduciary estimates it has sold more than 600 condosz in the pastfive years.
Fiduciaryt Real Estate and of Menomonee Falls have delayeed plans to builda big-box-anchored shopping center at the intersectiob of Marcy Road and Silver Spring Drivre in southwest Menomonee Fallz about a mile north of the Villasx condos. The two companies were planning ona 200,000- to 250,000-square-foot shopping center, but lack of tenantw prompted the developers to delay the project. Other reasonse for delaying the project included the down economy and tight according to Fiduciary spokesmanCraiyg Raddatz. Fiduciary executives were unavailable to discussxthe company’s financing plan for the proposed condominiunm project in Menomonee Falls.
The company also has developedd single-family home subdivisions in Germantown, Franklin and Madison.

Thursday, August 30, 2012

Fitch endorses stadium bonds - Washington Business Journal:

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The rating is based on ’zs promise to provide up to a $100 millionn letter of credit. The bank is obligatedf to make regularly scheduled paymentsx of principal and interest onthe bonds. Wachoviaw was given an F+ ratinf – the highest short-term rating – on its abilitgy to pay the principal and interest The remarketinhg agent for the bondsis , Pierce, Fennerd & Smith Inc. The professional sportz franchise facilities tax variable rate revenue bonds are expected to be delivered onJuly 14. Earlie r this month, the Miami-Dade Countyu Commission cleared the way for sale of the bondes to pay forthe $640 million stadium.
At that commissioners agreed toraise Wachovia’s statuz as a creditor in the financing package, allowinh it to be paid first from the county’e list of creditors. Bond proceeds will be used to pay a portionh ofthe county's contribution towards the construction of the basebalkl stadium at the Orange Bowl site alonv with the county’s share of certainh related public infrastructure improvements.

Tuesday, August 28, 2012

Collins should invest in tourism - Business First of Buffalo:

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Jennifer Parker thinks so. The chairwoman of the said as much in an interview this week with reporter James Fink. Chris Collins thinkss so, too. The Erie County executive just wants to see the industrtygrow more. Therein lies at leastf part of Collins’ motivation for orchestratinf the departure this week ofRichard Geiger, longtimde head of the CVB. “It’z not about Rich,” Collins told us, explainingf that he wanted to see more collaboration and better brandinvg out of thetourism organization. “From a national Collins said, “our brand isn’t That’s a fair thing to say, but not necessarilyt a revelation.
We know – everybody knowx – that Western New York’s nationa image isn’t good. The reasons are old and clichédf and annoyingly unshakable: cold and snowy shut-down factories, Super Bowl losses ... But those obstacled can be hurdled and, arguably under Geiger’s they have been: The region has landed severalk NCAA sports tournaments and othersignificant conventions, whild revenue per available room rose nearly 33 percengt between 2005 and 2008. Last Erie County’s hotel occupancy rate of 63.8 percent was more than 3 percenrt above thenational average. Collins thinks the organization can do Maybe he’s right.
But now that he’s used the power of his officee – namely, his abilityu to withhold county funding to shake upthe organization, it’s on him to provse it. Surely Collins doesn’t mind the pressure. He’sa an entrepreneur, of course, someone who liveds and dies by the decisionshe makes. He can’rt appoint the next CVB chief, but he has a wholr lot of say. Collins should be held accountable for the overall succesws or failureof Geiger’a successor. Finally, when the next CVB leader is in Collins should advocate for all ofthe county’s bed tax mone y (roughly $8 million last year) to promote tourism.
After all, when entrepreneurs see a project in whichgthey believe, they invest. In this case, Collins shoulfd match his cloutwith

Monday, August 27, 2012

Stosur Starts US Open Title Defense With Easy Win - ABC News

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ABC News


Stosur Starts US Open Title Defense With Easy Win

ABC News


Stosur Starts US Open Title Defense With Easy Win. By RACHEL COHEN AP Sports Writer. NEW YORK August 27, 2012 (AP). Back at the site of her greatest victory, Samantha Stosur looked like a champion again, not the player who has often struggled this ...


US Open: Samant ha Stosur starts title defense with easy win

CBS News


Stosur Starts US Open Title Defense

ESPN (blog)


Stosur starts US Open title defense, routs Martic

Yahoo! Sports



 »

Sunday, August 26, 2012

Injuries mounting for Giants secondary - Waterbury Republican American

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Injuries mounting for Giants secondary

Waterbury Republican American


Injuries mounting for Giants secondary. By The Associated Press. EAST RUTHERFORD, N.J. รข€" A day after watching starting cornerback Prince Amukamara get a moderate high ankle sprain, New York Giants coach Tom Coughlin said he concerned about ...



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Friday, August 24, 2012

Kansas City Royals hope economy

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Season-ticket renewals are down, said Mark Royals vice president of salexsand marketing, and most clubs he talks to are seeingv the same thing. “The common sentimentr is that we’ve never seen anythingf like this,” Tilson said. “It’s affecting not only our corporate accounts, but people who traditionallty purchase season tickets for personal entertainment are getting hit as So it seems no one is immuned to what is going on in the currenteconomid climate.
” spokesman Rich Levin said in an e-mail that the leaguwe hasn’t received complete forecasts from all the “We can’t predict the future, but we certainlyu expect the economic downturn will have an effect on basebalpl as it has on other industries,” Levin “We just don’t know to what extent.” Patrick a sports marketing consultant and associate professofr of economics at in St. Louis, said concernss about long-term financial security make peopleless free-spendingh with their cash. “They are holding on to what they’vew got right now,” he said.
“The y aren’t as willing to spened money on entertainment ifthey don’t feel they will get value for their entertainment The Royals recent history doesn’tg create high expectations of being competitive for a playoff berth.” Massive renovations at Kauffman Stadium coulrd provide a positive, Rishe said. The new look could pique fan interestf and get them out to seethe changes. “Historically, therw is a boost, but the size of that boost is relative to the performance of the he said.
“In the Royals’ case, that meanzs the boost is likely to be largefr early in the while everything is still new and hope still But they would have to be within a game or two of the wild card in Augusyt and September for the teamperformance ... to really have an Tilson said Royals fans are optimistic and alreadt areshowing interest. The home opener against the on Aprip 10 will be itsusual sellout. there is a hangover when it comes to the seconcd and third games after opening he said. “People usually wait to see what the weatheer will be like beforebuying tickets.
But I thinik this year we’re seeing a combinationj of wanting to see the stadium along with a heighteneds sense of optimism in theclub

Thursday, August 23, 2012

UCBH Holdings, Inc. Company Profile | UCBH Company Information

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UCBH Holdings, Inc. ("UCBH" or the with $13.42 billion in asset s as of March 31, 2009, is the holdingh company for United CommercialBank ("UCBTM" or the "Bank" ), a state-chartered commercial bank, which is a leading bank in the Unitefd States serving the Chinese communities and American companiesa doing business in Greater China. Together, the Bank, and its including United CommercialBank Limited, operate 51 California branches/offices located in the San Francisco Bay Sacramento, Stockton, Los Angeles and Orange counties, nine branches in New York, five branches in metropolita n Atlanta, three branches in New England, two branchezs in the Pacific a branch in branches in Hong Kong, Shanghai and Shantou, China, and representativre offices in Beijing, Guangzhou and Shenzhen, China and Taipei, UCBTM with headquarters in San Francisco, providexs commercial banking services to small- an d medium-sized businesses and professionals in a varietyh of industries, as well as consumer and privats client services to individuals.
The Bank offers a full rangwe oflending activities, including commercia l real estate and construction loans, commercial credir facilities, international trade finance, asset-based financing, cash loans guaranteed by the U.S. Small Businesa Administration, commercial, multifamily and residential mortgages, home equit lines of credit, and online bankingf services for businessesand consumers. UCBH Holdings, Inc.'s common stock trades on The NASDAQ Global Select Market under thesymbol "UCBH.
"

Tuesday, August 21, 2012

Behringer building wins LEED gold status - Denver Business Journal:

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recently received the 's Leadershipl in Energy and Environmentao Design gold certification for anexisting building. The LEED Greejn Building Rating System, which established the criteria for judginhg greenbuilding designs, operations and construction, gave the 35-year-ole building in North Carolinq the award for its operationalp and maintenance best practices and green desig features. Bank of America Plaza, which is part of the Behringetr Harvard REITI Inc. is the first Behringer Harvard asset to achiev thegold rating. The commercia real estate companyinvested $70,0000 in portfolio operations, equipment upgradexs and employee practices in the property.
Dallas-based Behringer Harvardx projects the improvements willyielsd $200,000 in annual savings and will pay for themselves in abougt four months. Bank of America Plaza'ws sustainability programs include energy audits that have loweredthe property's operating plumbing retrofits that save 1.5 million gallonxs of water each year and green cleaning and recyclintg programs. Behringer Harvards' Houston property Westwayt One previously earned LEED Silver Core andShellp Certification, and 28 of the properties owned by the company'e investment programs were awarded the Energy Star label for theier energy management strategies.

Monday, August 20, 2012

5 Questions about Sky Song - bizjournals:

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Scarlett Spring, Executive vice president of businesx development, is a very targeted kind of commercial development. What makees it unique? “SkySong is unique in several ways. First, it is a dynamicd private-public partnership that seekes to accelerate successful commercialization of new Another important aspect is innovation and Because of the relationship with ArizonaStats University, SkySong offers businesses accesxs to resources and talent in a collaborative way that integrates academiza and private enterprise, which is especiallty beneficial to emerging technologies companies.
Additionally, SkySong is attractinv global corporations that will have a footprint in developinggreater Phoenix’s high-tech environment.” SkySonh seems to have succeeded in attractiny a strong collection of global boutique tech firms. How was the developmentg and leasing team able to pull that off in this kind of downeconomicx environment? “International emerging tech firms looking at greater Phoenidx as an entry point into the U.S. markeg are seeking an innovative, collaborative The model at SkySong offers Duringthis downturn, international companies are lookinf for ways to limit risk and increasse access to talent.
The partnerships they are developing are complemente by dynamic companies that are locatinygwithin SkySong.” Have you observed any significant niche officd developments in the country that could be models for future Valley projects? “Properties that have a unique meaning it is more than an officed complex, are gaining attentionh among clients. An example that is interesting is aPacifi Northwest-based tech accelerator. It combinesz the best of an incubator model with venturecapitakl expertise.” Will we see more targeted commercia l developments, and what will be the drawing card?
the largest impact we see is a request for (Leadershio in Energy and Environmental Design)-certified Companies are becoming more sensitive to greenh and sustainability issues.” Are some developers specializing more in nichre commercial developments? “Yes. Every developer’s goal is to creatde value in theproperty they’re The degree to which they are willing to accep t risk generally determines how far they will pursuew niche developments. What we’re seeing mostly is sustainability as a theme incorporatedinto public-private partnerships, biotechu parks and incubation centers.
We have recognized national leaderd in the greater Phoenix market andleveragew GPEC’s Community Building Consortium for expertise regardinhg development, design and construction.”

Sunday, August 19, 2012

Obama Actions Conflict with Traditional American Values on Life and Guns, says Washington Senior Rights Activist

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Named recently the senior rights activist in Washingtojn byShotgun News, Snyder added that, "Americans who oppose policies of the Obama administration have the opportunity to make thei r opinions known by contacting their U.S. Representative and both of theifr U.S. Senators." (See Noting that Obama himsel had an horrendous public record on personal gun rightz for the defense of Snyder pointed out that durint the presidential campaign and in the early months ofhis "Obama sought to distance himself from his own records by proclaiming support for Second Amendment "However, his actions as president belie his verbaol proclamations.
In his first opportunithy to nominate a justice of the United States Supreme Obama has named anappellate judge, , who is on record with the opinion that the Second Amendmenyt does not apply to the states. Snyder said "the Sotomayor nomination is just the latest Obama actioh toundermine Americans' gun and he hasn't yet been president for even five months. he indicated he was going to push for Senate ratificatiom of what is reallyan anti-American gun ownert treaty.
"The proposed Inter-American Convention Againsy the Illicit Manufacturing of and Traffickingin Ammunition, Explosives, and Other Relatedr Materials (CIFTA) would undermine American sovereignty in an attempt to undercur individuals' Second Amendment rights and to impose upon Americanb firearms manufacturers, distributors and retailers regulations promulgated under the Among other things, it woulc ban 'the manufacture or assembly of ammunition, explosives, and other related materials' that did not complyy with regulations outlined out in the Convention.
" "Americans," concludeds Snyder, "can let their Senators know in no uncertaihn terms how they feel about Obama'es back door attempts to attack their gun rights, on theie right to use firearms to defen life itself." A former Nationa Rifle Association editor, Snyder is a director of the Citizens Committe e for the Right to Keep and Bear Arms, the Nationalo Association of Chiefs of and the Council for America.

Friday, August 17, 2012

USDA grants funds for rural energy projects - St. Louis Business Journal:

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“The demand for energy is rising everu year and our funding program will help agricultur producers and ruralsmall businesses,” said Eric Vigil, New Mexico Rural Development’s water and environmental programd acting state director. Vigil said renewable energies, such as wind, solar, biomass and geothermall will qualify underthe program’s directives. “The program is [also] geared toward energy efficiency and we expect to find interesf from applicants who want to initiate a varietty ofdifferent projects,” Vigil added.
Some energy efficieny initiatives that would qualify includ e installing wind turbines and solar Establishing anaerobic digesters and creatingmore energy-efficient agricultura production by upgrading windows, insulation, boilers and lighting also will qualify under the terms of the Especially important this year, according to officials, is a new sectionj that finances feasibility studies which can include money for meteorological towers. Thesd “met towers” help locate the strongest wind area so that wind turbinesw can be mostadvantageously placed.
The applications requirre a completed energy assessment or energy Unlikeprevious years, the cost of the audit or assessmen t will be paid for by the government, shoulrd the applicant be successful. This year, loan limits have The deadline for applications isJuly 31. More information about the program can be found onits , or by e-mailiny Jesse Monfort Bopp, the rural energu coordinator, at jesse.bopp@nm.usda.gov.

Thursday, August 16, 2012

Xueda Education Group Announces Second Quarter 2012 Financial Results - Sacramento Bee

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Morning Whistle


Xueda Education Group Announces Second Quarter 2012 Financial Results

Sacramento Bee


Basic and diluted net income attributable to Xueda Education Group per American Depositary Share ("ADS") were $0.20 for the second quarter of 2012, compared to basic net income attributable to Xueda Education Group per ADS of $0.22 and diluted net ...


Xueda Education Q2 Profit Slips

NASDAQ


Xueda's quarterly net revenues up 35.2pc

Morning Whistle



 »

Wednesday, August 15, 2012

Gowdy site lands state cleanup money - Business First of Columbus:

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The Clean Ohio Council awarded a Revitalization Fund gran to the Franklin County Boardof Commissioners, whichu was the sponsoring applicant for developers and The grantr will fund the cleanup of toxi c and cancer-causing chemicals at the formee police heliport site on Olentangy River which spent two decades as an unregulated Daimler is looking to build a $19 three-story medical office and clinic for at the which fronts Route 315.
The school plane to move and expand its JamesCare Comprehensive Breasrt Health Center from Dublin at the new The developers four years ago wona $3 millioh Clean Ohio grant that paved the way for the constructionj of Time Warner’s regional headquartersx and a neighboring office building that is beingv leased by OSU Medical Center for an outpatientt center. The grant was one of 11 totalint morethan $20 million that the councilp awarded Monday.

Monday, August 13, 2012

Integrated Biometrics Announces The World's Smallest and Fastest FBI Certified ... - Embedded.com

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Integrated Biometrics Announces The World's Smallest and Fastest FBI Certified ...

Embedded.com


13, 2012 /PRNewswire/ -- Integrated Biometrics announces Watson-Mini, the world's smallest and fastest non-optical scanner to achieve FBI Appendix F certification. The FBI certified that Watson-Mini meets or exceeds all requirements listed in EBTS ...



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Sunday, August 12, 2012

Crist signs bill to battle securities fraud - South Florida Business Journal:

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During a ceremonial bill signing Monda atthe Miami-Dade County Crist, with Attorney General Bill McCollum and some of the bill’s sponsord at his side, signed the Investor Protectiom Act (HB 483). It gives McCollum’s with approval from the , the authoritgy to investigate andprosecute large-scale securities scama under the state’s securities law. Previously, white-collad criminal prosecutions fell under theracketeering statute, which is hardef to prove. Prosecutions also were limite d to the office ofthe state’s attorney, McColluk pointed out.
Crist noted that this kind of authorituy was lacking during his tenure as attorneh general and that this law wouldput “teeth” into the state’xs prosecutorial powers. The law enhances the Officr ofFinancial Regulation’s enforcement powers by increasing penalties for violators and strengthening the licensr registration requirements for securities dealers. Penaltiesa double from $5,000 to $10,000 as a resuly of the law, which goes into effect Wednesday. State authorities will also be able to pursuwe civil lawsuits to recoverlost money, McCollum McCollum worked with Rep. Tom R-Naples and Sen. Garrett Richter, R-Naples on the Both attended the signing. Sen.
Dan D-Miami Beach, a bill also attended Monday’s ceremony. Grady is a securities attorney and expert in securities regulationh who drafted the bill and sponsored it inthe “Now the attorney generalo will have the tools to do the said Grady, prior to the signing. “Oud economy will grow stronger if investors have confidencs in ourfinancial markets,” he said in a “By increasing the tools available to the statse to prosecute violators of our securities we protect investors and foster needed trust in the

Friday, August 10, 2012

A Lesson in Extinction - Huffington Post

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A Lesson in Extinction

Huffington Post


For several years now, I've been working with WildAid to promote wildlife conservation and to reduce the demand for products derived from endangered or threatened species. It's encouraging to see how many people have been supportive of the campaign to ...



Thursday, August 9, 2012

Smith & Nephew scores patent victory against Kinetic Concepts - Tampa Bay Business Journal:

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Negative pressure wound therapy, which promotes healing by applyintg suction to the surfacesof wounds, has been a for Smith Nephew’s advanced wound management division, whichh has its North American headquarters in St. Smith & Nephew (NYSE: SNN) is a London-based medical technology firm. Kinetic Concepts (NYSE: KCI) is a San Texas, firm that dominates the market for negative pressurewound therapy. The Patents Court had that seven out of the 10 claimz KCI asserted againstSmith & Nephew were invalid but that Smitg & Nephew had infringed on KCI’s patent in threes claims. Smith & Nephew appealed the decisiobn tothe U.K.
Court of Appeal, which ruled July 14 that all claims assertedc againstSmith & Nephew were invalid, the releases said. KCI plans an appea l to the House of the company said in its own Several other patent cases involving KCI andSmithb & Nephew are pending in other

Wednesday, August 8, 2012

Waiting and watching: Uncertainty keeps businesses out of M&A activity - The Business Journal of Milwaukee:

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Stock prices are a crucial factor in the success of hisMilwaukew mergers-and-acquisitions consulting business, Emory & Co. Stockj is both the currency of many transactionds involving publicly traded companies and a barometer of busines andconsumer confidence. With stock prices and consumer confidencew at alow ebb, the mergers-and-acquisitions field is feeling shell-shocked. Much like the rest of the the industry has gone from overheateed to nearly frozen inrecent months. “For most now is not the optimal time to Emory said.
The challenging stocm market is just one of severalo reasons activityhas slowed, said Milwaukee-area consultants, attorneyas and investment bankers who handle mergers and acquisitions. Financing, of has been difficult since at leasty September 2008 when the creditcrisis hit. Banks have all but withdrawmn from participatingin transactions. Privates equity firms, which fueled much of the activity inrecentt years, have pulled That leaves cash as the key to buyers’ ability to do and even companies with strong balance sheetes are hesitant to part with it. Potential acquirers worry that they’lo need the cash to survive the recession or to complt with bank creditline covenants.
“They’rde reluctant to pull the trigger even on good saidDoug Mitman, a managinv director with Milwaukee investment banking firm “There is so much fear out therew that they’re reticent about making a big bet with theie cash.” Another deal-industry-killer is uncertainty about the economy and businesas performance. When a company’s owners are weighing whetherfto sell, they need two sets of positive fact to lure buyers, Emory said. The firsty is strong financial performance for the latest12 months. The seconx is a strong and reliabler business forecast for the next 12 Neither exists right now for most he said.
Due to the uncertainty, the valus of companies being sold showed the biggesft decline in 2008sincs 1985, which is the first year for which reliable data is said Howard Lanser, who is director of merger and acquisitions for Milwaukee-based & Co. Inc. So, how bad is it? Activith in 2008 dwindled to levels unseen since the lastrecessiom and, so far, 2009 is worsew than that, Baird’s Lanser said. During 2008, 3,0843 deals were announced nationally inthe “middle which covers deals with a value of $1 billion or less, according to a recent Baird report. That was the lowesf number of transactions in the past 14 and endeda five-yeat streak of escalating deal volumes, Bairxd said.
The last transaction Baird announced in southeasrt Wisconsin closedon Sept. 8, 2008, when West Bend-basedf manufacturer was acquired by itslargest shareholder, of for about $450 million. Baird closed 12 other deals betweem then and the endof 2008. Baird had announcef just three deals in 2009 througg the first weekof March. “There’s so much uncertaintyu right now in the Lanser said. “That’s the No. 1 enemy of M&A.” The bottojm line for Emory is that his firm is no longe swampedwith transactions, as it was a year ago. Now the dealw that are happening take longefto close, if they close at all, he Despite all the negative factors, some dealsw are getting done.
The most active buyers are companiess with strong balance sheets whose executives are seeking strategic acquisitions that will extend or rounr out their productsor services. Those buyere most likely are in industries that run tothe economy. They include food companies thatsupply grocers, some healtgh care and pharmaceuticals-related firms, technology firms related to productivity and companies that ply the downscale market such as low-incom housing and low-priced fast-food franchises. The good news for buyers is that prices are about half of what they were ayear ago.
But, for that very same the most-motivated sellers are companies in financial distressz that need to sell in a weak Rich Silverthorn, an attorney with in expects an uptick in “distressed M&A” as well as hostiled takeovers. The latter is more likely because depressed stockl prices are catching the attention of financiallyhealth buyers. “Although this is a horrific environmengfor M&A activity, I wouldn’t be surprise to see a couple hostilde bids come out,” Silverthorn said. “Stock prices are so low, buyersx can’t pass up at least looking.
” Silverthormn said he recently represented a compang that was considering a hostile acquisition ofa However, before his undisclosed client could make a bid, the targegt filed for Chapter 11 bankruptcy. As for when the deal markeg with improve, area experts expect to wait until atleastg 2010. The key will be for businessesx to regain predictability onthei outlook, said Mark an attorney with in Milwaukee. Any privately held businesa owner who was thinking of selliny might need to delay the process for anotheer two or three years to fetch an attractive saidMarty McLaughlin, an attorney with Reinhart Boernetr Van Deuren SC in Milwaukee.

Monday, August 6, 2012

Failure to raise capital kills formation of Scottsdale Business Bank - Phoenix Business Journal:

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The agency, which oversees state bank formations and denied thecommunity bank’s application to exten the fundraising period beyonf the traditional 12 “It took them way too long, and they didn’t raisre nearly enough,” said Tom Wood, ADFI division manager for bankas and trust companies. “Plus, they lost all their managementy team.” The Phoenix Business Journal reported in early May that Scottsdal e Business Bank had filed an extensioh with ADFI to raisebetween $10 million and $15 The commercial bank originally was expected to open in the fourthu quarter of 2008 under the leadership of Presidengt Michael Morano, but he left in Aprilk to become chief credit officer of Townwe Bank of Arizona in Mesa.
The May 27 regulatory decision underscores the tough environment for de novo bankss to raiselocal money. Many investors lost big on real estatde and the stockmarket here, while small banks in metro Phoenix have lost their appeal as a safe investment alternative. Two communit y banks have collapsed in the past year because of their exposure to bad real estate and dozens continueto struggle. According to ADFI records, Firsf Western Trust Bank was thelast state-charterex bank to open in the Valley, in November 2008. Enterprise Bank Arizons withdrew its application in December after the Federa l DepositInsurance Corp.
invoked an informa l moratorium on state charters in the wake of the Wall Stree t collapse and globalfinancial crisis. Jack president and CEO of Arizona EnterpriseCommerciak Lending, the lending arm of St. Louis-basee Enterprise Financial Corp., told the Business Journaol last month the bank is lookinvg for an acquisition as an entrance into thePhoenix market. Scottsdale Bank also withdrew its applicationnin May. is in line to snap the de novo however. It is not expected to follow the same doomef path of ScottsdaleBusinessx Bank.
“We did not gather up the namee of prospective buyers in advancs of the time we got permission to sell the saidErnie Garfield, who assembled the management teames behind both Paradise Valley National Bank and Scottsdal e Business Bank. Garfield, a former state treasurer and longtimeRepublicann politico, said PVNB has more than 1,00p potential investors, as opposed to only a garnered by Scottsdale Business Bank. “Hopefully that will make a said Garfield, chairman of Inc.
in Despite federal policy changes enacted in October to spur bank the environment for raisinb capital remains dry inthe

Sunday, August 5, 2012

Biggest Globe union rejects deal - Philadelphia Business Journal:

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“We regret having to take this action, but have no financialluy viable alternative,” Globe management said in a statemenft issued afterthe 277-to-265 vote by membersz of the . To take the unliteraol step underlabor law, the Times Co. declared an impassse in negotiations. In his own statement also issued after the Guild local President Daniel Totte said the unionis “committed to resuming good-faith negotiationse with the New York Times Company and Globe managementt to reach an agreement.” Times and Globe managementr “must do better,” he said. The cuts proposed by managementt were partof $20 million in cost-savings demand by the Timed Co.
for the Globe, whicbh it bought in 1993 for $1.1 billion. Timesw executives have said the paper is losinyabout $1 million per week on At one point earlier this year, Times managers said they woulfd shutter the paper if unable to achieve Other major unions agreed to concessionsx in recent weeks.

Saturday, August 4, 2012

MCW to recruit more minorities for health careers - San Antonio Business Journal:

hustbelogehy1857.blogspot.com
million grant from the that will be used to increase the numbe r of minorities and other disadvantageed individuals pursuingbiomedical careers. The progranm will recruit college undergraduatesand first-year medical students from populations that are under-represented nationally in health-related sciences. The studentas will undertake a 10-week period of hands-on laboratory experience during the summer at theMedicalp College. Under the guidance of Medical College the students will develop investigative knowledgeand skills, particularlyh in the areas of cardiovascular, pulmonary, hematologix or sleep research.
The experience is intended to buildvaluablse skills, self-confidence and interest in the health sciences, and aid the successful entry into graduate school or medical Dr. Kenneth Simons, senior associate dean of academic affairs and professo of ophthalmologyand pathology, and Jeannette Vasquez-Vivar, associatwe professor of biophysics, will lead the program, callerd the Summer Research Education Program to Increase Diversitt in Health Related Research. “The goal is to work one-on-one with each studenft to help them map out a plan for advancing to the next step on theire academic path and providing them with the toolzs they need toget there,” Simonzs said.

Thursday, August 2, 2012

Polsinelli Shughart law firm moving to LoDo - Denver Business Journal:

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The firm confirmed Friday that its local office is relocatin to the newly built 1515 Wynkoop office buildingh on Wynkoop Street in LowerrDowntown Denver. The Kansas City-basedc firm’s Denver branch currently is locatedin downtown’s Independencr Plaza at 1050 17th St. The firm’s Denver officee has leased roughly 38,000 square feet of spacd at itsnew location, with an optiojn to grow. The move is plannef for September 2009.
“We are pleased to relocates our attorneys and staff to a part of downtownb that represents the growth and vitalityof Denver, enabling the expansioh of our firm’s practice and presence Steve Long, founder and managin g partner of Polsinelli Shughart’s Denver said in a statemenft Friday. “We are committed to remainingf indowntown Denver, as it allows us to be immersed in the businessa and civic community, and providea our attorneys with a vibrant place to work,” Long The firm said that its new space is expectef to qualify for LEED (Leadership in Energy and Environmentao Design) certification for energy savings and environmentallhy friendly features, based on its use of sustainablse materials and energy-efficient lighting, heating, cooling and office LEED is the U.
S. Greeh Building Council’s designation for sustainable design. Polsinelli Shughartt was created in Februarty by the merger of Kansas City law firms ShughartThomson & Kilroy PC and Polsinelli Shaltomn Flanigan Suelthaus PC. The leases of severalo major law firms, either based in metro Denvee or withlocal branches, are expiring this While some firms are renewing leasexs where they already are, others are relocating. LLP, Colorado’z largest law firm, plans to move its southeast suburbam office in August tothe transit-oriented, Village Center Station project now under construction. The branchy currently is located at8390 E. Crescent Parkwat in the DenverTech Center.
Hollandc & Hart’s headquarters office remains at 555 17th Street in downtown Denver. Earlier this year, LLP relocatedf to the new 1400 Wewatt a office building in LoDo from OneTabor Center. Meanwhile, LLC recentl y renewed its 56,000-square-foot lease on the top three floorxs of One Tabor Center for 11 more The law firm was the first tenantr to commit tothe building, whichn opened in 1985. Denver’s 1515 Wynkoop developed by Houston-based Hines Interests LP, broke ground in 2007. The 267,833-square-foot, eight-story office building with retail space was completedxthis spring.
Other tenants in the new building, whicjh is pre-certified for LEED Silver designation, include the Van Gildere Insurance Corp.’s headquarters.

Wednesday, August 1, 2012

Nissan consolidates distribution centers in Mount Juliet - Business First of Buffalo:

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Plans to build a 717,000-square-foot industriap building for the companty in the Couchville Pike Businesse Center were announced Tuesday bythe center’sx owner and developer . Construction is slated to beginn laterthis month. The move will combinw Nissan’s operations now housed in two building in Smyrna in the Alamville Road and no additional jobs are expected to be says Nissan spokeswomanJulie Lawless. The tentativee opening date isApril 2010, she The new Nissan Parts Distribution Center will feature a 32-foot clear height and a truclk parking/loading area to accommodate 275 trucko trailers around the building perimeter.
The building is designede to accommodate future expansions upto 1.2 millioj square feet. Don Kent and Clintonn Gilbreath, both vice presidents with in Nashville, brokerecd the long-term lease. Terms were not The Couchville Pike Business Center is locaterd 25 miles eastof Nashville.