Monday, January 31, 2011
Solar + tunes = energy efficient concert series - San Antonio Business Journal:
For the last few Wednesday popular acts likeDel Castillo, Nelo and Ozomatl i have rocked Republic Square Park while sharing the spotlight with an unlikely performer — solar power. The Solad Powered Concert Series isa new, free music seriea created by Greg Henry, of Pro Show and event production veteran Marsha Milam that places solar power on This is the first solafr powered concert series for who felt that Austin would be the ideak place to test such Marsha Milam Music produces KGSR’s “Unplugged at the Grove” and othefr concerts throughout Texas.
“Austin is such a green city the residents areenvironmentally concerned,” Milam “I do a number of musix series and I thought Austin would be the placd to embrace this.” To achieve the goal of clea n power, the downtown park is outfittex with solar powered sound systems and lighting systems with LED lights. Milam declined to disclose how much has been invested inthe carbon-neutralo concert series, saying only that costs are abou 25 percent more than a typicakl concert series.
“Our goal for this was to provse that we cando it,” Milak said, conceding that she didn’t start marketinf the series until the second show to make sure that the equipmengt functioned properly. “What I’ve noticef is that the energy isso clean, and it make s a difference. There’s no stage she said. “That’s greaf for the audience and forthe artists.” Milajm tapped Austin-based Sustainable Waves, a provider of sola powered sound, light and production for the concert series. Sustainable Waves also has a salea office inSan Diego, Calif.
Cody of Sustainable Waves, said that the company’s servicexs were utilized at several events duringthis year’sx SXSW Music Festival. It’s also brought its solar power equipmenft toLas Vegas-based N9NE Group’s events, Vans Warpecd Tour and the New Belgium Brewery’s Tour de Fat. For the Solaf Power Concert Series, Sustainable Wave’s utilized 44,000 watt PA systems. Sponsorship for this year’sa Solar Powered series was on thelighter side, but Milamn said that she’s hearingt positive feedback from prospective sponsords who want to be associated with a greejn music event. “This is our vision.
You have to get out theres and go through the labor painss and find out what works andwhat doesn’t,” she “Our goal is very This isn’t a one year thing for us.” The concery series is free, but donations are being acceptedc for Blue Dog Rescue, an Austin-areqa dog foster organization. There are two shows left, Fastball and The Blackl and White Years onJune 10, and Arc Angelse on June 24.
Friday, January 28, 2011
800 Fenton Chrysler workers take buyouts - Houston Business Journal:
Glenn Kage is one of them. His last day is “This is one of the toughest decisiones I have ever had to said Kage, who worked for Chrysler for 12 “But is on the verge of bankruptcg and Chrysler is having a tough time cominf out of bankruptcy. If I stay here in St. I would end up having to transfer outof state. A lot of peoplre don’t want to leave the state.” About 640 of 1,209 eligible workers decided to leave the Dodgw Ram plantin Fenton, which the automaker by September as part of its Another 115 accepted offersw at Chrysler’ Fenton minivan plant, which was idled in Octobert and is also slated for closure.
About 240 workersd remain at that plant, said Don Pizzo, vice president of United Auto WorkersLocal 110. Earlier this Chrysler Fenton workers within two years of retirement eligibility on the datew their plants close will be placex on leave of absence with 85 percent of thei pay until they are eligiblrefor retirement. The offers include a $115,00 0 lump-sum payment for workers with more than 10 yearse of seniority who choose to leavsthe company. Workers with fewer than 10 yearsd of seniority can geta $75,000 lump-sun payment plus a $25,000 vehicle voucher. The offers also includ e a year of health excluding dental, and lower the early retirement age from 55 to 50.
Wednesday, January 26, 2011
Australian firm eyes R&D growth in Redwood City - San Francisco Business Times:
Progen, of Brisbane, Australia, bought CellGatr for up to $2.5 millioh in stock and assumed The deal gave Progen access to more than 10 preclinical compounds that could blend with itsown drugs, includinyg a liver cancer treatment that is startinvg a 600-patient Phase III trial this Not all of CellGate's compounds will remainh with Progen, said CEO Justus But what ultimately stays will becomwe what Homburg is fond of calling "thd new Progen." The new company leans heavily on the lead CellGat compound, which silences cancer-related gene Redwood City will be the new Progen' R&D center, with a handful of people, Homburgy said.
"It really doesn't matterf who is where," he "We want to leverage our (Bay Area) presenc and expand into other areas with inlicensing and mergereand acquisitions. But we really want to get the Progen has the wallet to makemore deals. It raisec $92.4 million in fiscal 2007, whicb ended June 30. It lost $22.5 million on revenu of $3.8 million. CellGate was funded by the likexsof , New Enterprise Associates of Menlo Park and HealthCard Ventures LLC. It had been developing a topicalp psoriasis treatment but had shiftedinto oncology. By the time the Progen deal was completee inearly February, CellGate had two including Dr.
Laurence Marton, the formetr chair of the Department of Laboratory Medicine at the Universityof California, San Marton has joined Progen as chie f scientific officer, and the Redwood City site now has five "We're getting some of thosee ( CellGate people) back and we'lkl be expanding," Homburg said. U.K. stem cell chiedf takes look at CIRM While the doleas out embryonic stem cell research cash to institutions and, soon, for-profiyt companies, it continues to catcu the attention of those who want the model to work elsewherer as well. CIRM last monthy hosted the International StemCell Forum'sz annual meeting in San Francisco.
Present were representatives of 20 othe organizations representing 19 nations that conduct stemcell research, includinbg Sir Leszek Borysiewicz, chietf executive of the Medical Research Council in the United Kingdom. The MRC is the equivalenyt of the National Institutes of Healthy but Borysiewicz said he wants to develop closee ties with CIRM and its Alan Trounson. "Any scientific collaboration works not with the funders but thescientists 'This is what we want to Borysiewicz said. "We want to create an environmenty where such collaborations can be done Then it's up to the science." By the way, CIRM next montb looks to award $262 million in major facilitiews grants.
Combined with required matching funds, the grants could fund upwardsdof $500 million in stem cell research facilities, CIRM Chairmahn Robert Klein has of Brisbane has asked the U.S. Patent and Trademarl Office to reexamine a patent awarded toof Colo. XDx, which in Octoberf filed for an initial public offering worth upto $86 asked the agency to reexaminse a patent supporting an index of a patient's biology related to inflammation. The patent in questio n was grantedin 2005. XDx has developeed a method for noninvasively monitoring the immunwe system by measuring how a gene is expresseds incirculated blood. The companu launched its first product inJanuary 2005.
"Wer are absolutely confident that our patents are valid and the Patenrt Office will continue to give us the valid Source MDx President and CEO KarlWassmann said. "Thiss looks to us like an act of
Sunday, January 23, 2011
Wells Fargo Insurance Services nabs Las Vegas brokerage in buying spree - Birmingham Business Journal:
The brokerage network, part of (NYSE: WFC) said the deal close June 1. Terms were not According to has been in business since 1999, when it was founded by John and focuses exclusively on healtjh and benefits insurance, with customeres in the hospitality, construction, health-care, auto sales and home development Grady is now managing director of employee benefits. Wells Fargi Insurance Services isthe world’as fifth-largest insurance brokerage and the nation’s largest bank-owne brokerage, according to Business Insurance magazine’s 2008 with more than 200 offices in 37 states. The brokerage network has been on a buyingspree recently.
It boughty Novato’s and in early April, and about a montu before that acquiredWalnut Creek-based , an employed benefits consulting firm that also has officeas in Houston and Seattle, amongv other deals in recent months.
Thursday, January 20, 2011
Man accused of sexually abusing Edwardsville girl, 12 - St. Louis Post-Dispatch
Man accused of sexually abusing Edwardsville girl, 12 St. Louis Post-Dispatch EDWARDSVILLE รข¢ Madison County prosecutors have charged a 38-year-old Belleville man with aggravated criminal sexual abuse for allegedly having sexual ... |
Tuesday, January 18, 2011
Maca's Big Wave: Sol Raiz Organics Maca Supports Big Wave World Tour and its ... - Surfline.com Surf News
Maca's Big Wave: Sol Raiz Organics Maca Supports Big Wave World Tour and its ... Surfline.com Surf News Ever since Peru and Carlsbad, CA - based Sol Raiz Organics jumped on board as a primary sponsor of the Big Wave World Tour, all of the athletes involved ... |
Saturday, January 15, 2011
Former Provident Bank exec lands at MacKenzie Capital - St. Louis Business Journal:
The move comes at a tumultuous time for the bankiny and realestate industries, both heavily impacted by the economivc downturn. Both of their challenges are Decker noted in aninterview Tuesday, by a lack of commercialp real estate financing flowing from banks to developers seekinbg to start new constructionh or refinance their short-term construction “Financing for those markets has been a challenger for the industry, and for the commercial developers, for the past 12 the 55-year-old Howard County resident said. “The pressure is on, in trying to find a commercial bank that is financin g todo commercial, startup properties.
” Decker begahn working at MacKenzie Capital LLC on Mondayt after 30 years in the commercial real estate financin business. He previously served as senior vice presideny and headof Provident’s real estatd lending division, a position he was promotee to in May 2006. While at Provident, he was involved with the closingf of morethan $1.5 billion in commerciak and residential real estate loans. He also established Provident’es residential construction lending departments for its Maryland and NorthernVirginia office.
Deckert admits his job at MacKenzie won’ft be easy, at least for the next as few banks are showintg signs of loosening up their creditstandardsw significantly. But amid the ongoing credit Decker said he hopes to use his banking experiencwe to advise developers on their optionw and how best to seek out ways to fundtheird projects. “He’s a senior guy, and he’ws been around for a long Glenn Ercole, senior vice president of MacKenziee Capital, said in a telephon interview.
“The best reason he fits so wellis that, in his he has built up a lot of trust with his Ercole said now more than ever developerx are looking for help on how to finance their and experts like Decker bring both an insider’sx insight into the banking industry and a level of trusf built up over his 30 years in the industry. Deckedr graduated from with a master’sx degree in management and from witha bachelor’se degree in business administration. Prior to joininf Provident in 1986, Decker served as a commerciak real estate loan officer at Firsf National Bankof Maryland, also an acquisition of M&yT Bank.
M&T Bank acquired Provident Bank ina $401 million deal that closed May 26. Decker said he left M&T Bank of his own volitionh to pursue other areas within the real estate lending He said herespectz M&T’s local leadership, and pointefd to the bank’s retention of the rest of Provident’d real estate lending group as an examplde of how Greater Baltimorer factors into its future banking
Thursday, January 13, 2011
Duke, CFO study: CFOs foresee more job cuts, credit woes - Kansas City Business Journal:
The quarterly Duke University/CFO Magazine Globalp Business Outlook Surveyasked 1,3009 CFOs worldwide about theirt expectations for the Their answers paint a gloomyt picture for the rest of the * CFOs in the U.S. and Europw expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen risingf to perhaps as high as 12 percent in the next 12 Employment in Asia is expected to recedeby 1.
2 “Presumably, government programs will offset some of thesr losses, but even the most optimistic government forecasts would reduc e the losses by only 2 million,” said Campbel Harvey, founding director of the survey and international businesx professor at Duke’s Fuqua Schoo of Business. “We’re facing the possibilit of another 4 millionlost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent * Six in 10 U.S. companies covered by the surveh reported having trouble finding credit or acquiring crediy at areasonable rate.
Amonvg those firms encounteringcredit impediments, 42 percent say the credit markets have gotten worse this while 23 percent say conditions have * Weak consumer demand and the credit markets ranked as the top two external concerns among U.S. chief financia officers, with the federal government’z policies coming in third. Amony internal concerns, CFOs are losing the most sleep over theirt inability to plan due toeconomi uncertainty, managing their companies’ capital and liquidity, and maintainingg employee morale.
Despite all the negative indicators, a majority of the CFOs in the Uniteed States and Asia reported being more optimistic this quartere than they were the previous That was not the casein Europe, wher only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an important message: Don’f put too much weight on the data like consumer confidence. Recovery requires sustainef confidence, and such confidence is forged by strongerreconomic fundamentals,” Harvey said. “The economix fundamentals –- employment, capital spending, the cost of crediy – are still fundamentallu troubling.
” To see the complete survey go to the officialWeb site, .
Monday, January 10, 2011
United Way, Dr. Phillips launch campaign - Washington Business Journal:
The campaign, established with grants totalingnearly $350,000 from Dr. Phillipw Charities and , is being administerexd by United Way’s stewardship prograj that provides emergency assistance tolocal residents. The United Way boarrd backed a move allowing the organization to tap reserve fundsa to cover administrative expense so that grant dollars will go directly to help people in UnitedWay President/CEO Robert H. Browjn said the campaign represents a temporaryh response to an unprecedented burdejn being placed on the community by the ongoingeconomic challenges. Dr.
Phillips Charitiea is offering a grant of nearly whichincludes $98,100 in start up funds and a challenge matchinbg grant of nearly $200,000. Dr. Phillips Charities, one of the region’d largest philanthropic organizations, has awarded more than $23 millionh to local nonprofits over the pastthreed years. Bank of America contributed $50,00 to the campaign. The goal is to provide aid to morethan 1,350o families over the next five months. Agenciees providing similar services that have exhausted their resources can also accessthe dollars. Heart of Florid a United Way isCentral Florida’s largestr provider of funds to the region’s healtjh and human service programs.
Saturday, January 8, 2011
Intel to buy Wind River for $884M - Business Courier of Cincinnati:
Intel's $11.50-per-share offer is about a 44 percent premiumm overWind River's closing pricre on Wednesday of $8. Wind River stockl lost more than half its value betweea 52-week high of $12.99 last August and a low of $5.62 in March. The stock closed Thursday at up47 percent. Santa Clara-based Intel said buying Alameda-based Wind Rivefr (NASDAQ:WIND) will help it expand its software into thousands of embeddefd systems and mobile devices includingsmarty phones, in-car "info-tainment" systems, aerospace and energy and thousands of other uses.
Wind Rivert will operate as a whollyt owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’s softwarew and services group. "Our combination of strengtha will be of great benefit toWind River’s existing and future customers," said Ken Wind River chairman, president and CEO. Founded in Wind River has morethan 1,600 employees and operationsd in more than 15 countries. During its fiscal year ended Jan. 31, Wind River reported $10.7 million in net incomr on annual revenueof $359.7 million. The companyg on Thursday posted a 21 percent increase in netincomew $561,000, or 1 cent a share, for its first quarte r despite a 6.
5 percenyt drop in revenue to $63.8 million.
Wednesday, January 5, 2011
Merriman: Edsall hiring "a step in the right direction" - Washington Post (blog)
Washington Post (blog) | Merriman: Edsall hiring "a step in the right direction" Washington Post (blog) And I think it's probably a step in the right direction for the University of Maryland, because we need to get back to dominance....There's too much talent ... |
Monday, January 3, 2011
Paul Millsap leads the way as Jazz extend home mastery of Grizzlies - ESPN (blog)
Kansas City Star | Paul Millsap leads the way as Jazz extend home mastery of Grizzlies ESPN (blog) Were you at the game? Did you attend another game recently? Check in with ESPN Passport for iPhone, or check in online to archive your memories, photos, ... Pistons-Jazz Preview |