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Saturday, September 29, 2012
Friday, September 28, 2012
Biogen Idec, Inc. Company Profile | BIIB Company Information
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Biogen Idec creates new standards of care in therapeutic areas with high unmet medical Foundedin 1978, Biogen Idec is a globao leader in the discovery, development, manufacturing and commercializatiob of innovative therapies. Patients in more than 90 countriew benefit fromBiogen Idec's significant productsz that address diseases such as multiple sclerosis lymphoma and rheumatoid arthritis. In 2008, Biogejn Idec's total revenues grew 29 percent over 2007to $4.1 Currently, the company markets threr major therapies and its product development pipelinwe includes 20 products in Phase 2 clinical trialw and beyond.
Our major productsw include TYSABRI (natalizumab), the most recently approved treatment for relapsingt formsof MS; AVONEX (Interferon the No. 1 prescribed therapy for relapsinhg forms ofMS worldwide; and RITUXANm (rituximab), the world's most prescribed therapy for non-Hodgkin's lymphoma and marketed for the first time in 2006 for rheumatoidf arthritis. AVONEX and RITUXAN have for year ranked among the top 10 biotechnology productsesold globally. In recent years, we also have leveragedd our core capabilities to expandd development into promising newtherapeutixc areas, such as cardiovascular diseas e and hemophilia.
Biogen Idec is headquartered in Cambridge, with international headquartersin Zug, Switzerland. We have additional officese inthe U.S., Canada, Japan and throughout Europe. ...
Biogen Idec creates new standards of care in therapeutic areas with high unmet medical Foundedin 1978, Biogen Idec is a globao leader in the discovery, development, manufacturing and commercializatiob of innovative therapies. Patients in more than 90 countriew benefit fromBiogen Idec's significant productsz that address diseases such as multiple sclerosis lymphoma and rheumatoid arthritis. In 2008, Biogejn Idec's total revenues grew 29 percent over 2007to $4.1 Currently, the company markets threr major therapies and its product development pipelinwe includes 20 products in Phase 2 clinical trialw and beyond.
Our major productsw include TYSABRI (natalizumab), the most recently approved treatment for relapsingt formsof MS; AVONEX (Interferon the No. 1 prescribed therapy for relapsinhg forms ofMS worldwide; and RITUXANm (rituximab), the world's most prescribed therapy for non-Hodgkin's lymphoma and marketed for the first time in 2006 for rheumatoidf arthritis. AVONEX and RITUXAN have for year ranked among the top 10 biotechnology productsesold globally. In recent years, we also have leveragedd our core capabilities to expandd development into promising newtherapeutixc areas, such as cardiovascular diseas e and hemophilia.
Biogen Idec is headquartered in Cambridge, with international headquartersin Zug, Switzerland. We have additional officese inthe U.S., Canada, Japan and throughout Europe. ...
Thursday, September 27, 2012
Raytheon wins $15M add-on to Army deal - Boston Business Journal:
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million contract for maintenance on its Patrioft Air and MissileDefense System. The Mass., defense contractor (NYSE: RTN) said the funding is a follow-obn award to a contract previously earned in June bringing the total value of the contractgto $51.9 million. Raytheojn will provide diagnostics, maintenance, repairs and other technicap assistance for the system to address issuexs too complex formilitary personnel. “Thia contract provides for third-echelon maintenance performed by Raytheon field engineers at locations in the Unitefd States andoverseas — wherever U.S.
Army Patriot systems are saidJoseph “Skip” Garrett, vice president and deputty for Patriot programs at Raytheonj Integrated Defense Systems, in a statement. “Thesre services are necessary to ensure the high reliability and readines that theArmy requires.” The company’s Mass.-based IDS unit is the prime contractor for the Patriotr missile system.
million contract for maintenance on its Patrioft Air and MissileDefense System. The Mass., defense contractor (NYSE: RTN) said the funding is a follow-obn award to a contract previously earned in June bringing the total value of the contractgto $51.9 million. Raytheojn will provide diagnostics, maintenance, repairs and other technicap assistance for the system to address issuexs too complex formilitary personnel. “Thia contract provides for third-echelon maintenance performed by Raytheon field engineers at locations in the Unitefd States andoverseas — wherever U.S.
Army Patriot systems are saidJoseph “Skip” Garrett, vice president and deputty for Patriot programs at Raytheonj Integrated Defense Systems, in a statement. “Thesre services are necessary to ensure the high reliability and readines that theArmy requires.” The company’s Mass.-based IDS unit is the prime contractor for the Patriotr missile system.
Tuesday, September 25, 2012
Sioux Falls texting while driving ban takes effect Friday - KSFY
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Sioux Falls texting while driving ban takes effect Friday KSFY This Friday marks the first official day the new texting while driving ban will take effect, affecting every single driver in Sioux Falls. The ban passed 7-0 among Sioux Falls City Council members earlier this month. The ordinance says it will be ... |
Monday, September 24, 2012
UPS acquires Turkish shipping contractor, expands Middle East operations - Atlanta Business Chronicle:
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Atlanta-based UPS (NYSE: UPS) said it woulfd acquire , and would hold the majority stake in the new jointrventure partnership. Terms of the deal were not The new operation will be based in The deal is expected to close withijn the next30 days. Unsped Paket CEO Haluki Undeger, who has grown the compan to be UPS’s largest shipping contractod in Turkey, will lead the new venture and also hold a minority ownership stake, the company said announcing the deal.
“Thisa emerging area covers trade to and from21 countries* wherwe UPS is experiencing increased demand,” Dan president of UPS International, said in a “We’re tapping the business acumen Halumk Undeger has shown over the past 20 yearzs in his relationship with UPS. This joint venture will spearheas growth among our other service agentsx and operations in these This part of the world has become a transportatiomn bridge andideal near-sourcing location for Europe, Russi and Asia.” The deal with Unsped Paker follows UPS’s decision to expand service in Kazakhstan, Saudi Arabia and United Arab UPS and Unsped Paket have been partners since 1988.
UPS said the new venturee will increasethe company’ opportunities in regard to the region’s oil and natural gas
Atlanta-based UPS (NYSE: UPS) said it woulfd acquire , and would hold the majority stake in the new jointrventure partnership. Terms of the deal were not The new operation will be based in The deal is expected to close withijn the next30 days. Unsped Paket CEO Haluki Undeger, who has grown the compan to be UPS’s largest shipping contractod in Turkey, will lead the new venture and also hold a minority ownership stake, the company said announcing the deal.
“Thisa emerging area covers trade to and from21 countries* wherwe UPS is experiencing increased demand,” Dan president of UPS International, said in a “We’re tapping the business acumen Halumk Undeger has shown over the past 20 yearzs in his relationship with UPS. This joint venture will spearheas growth among our other service agentsx and operations in these This part of the world has become a transportatiomn bridge andideal near-sourcing location for Europe, Russi and Asia.” The deal with Unsped Paker follows UPS’s decision to expand service in Kazakhstan, Saudi Arabia and United Arab UPS and Unsped Paket have been partners since 1988.
UPS said the new venturee will increasethe company’ opportunities in regard to the region’s oil and natural gas
Saturday, September 22, 2012
Floodwaters recede in Alaska town; cleanup begins - Kansas City Star
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Alaska Public Radio Network | Floodwaters recede in Alaska town; cleanup begins Kansas City Star About 200 miles south, in Cooper Landing on the Kenai Peninsula, the Kenai River had yet to crest and the National Weather Service extended a flood warning until Monday afternoon saying that the river will continue rising. Residents of one subdivision ... As floods recede, Talkeetna focuses on cleanup |
Friday, September 21, 2012
Treasury lets 10 banks repay $68B - Phoenix Business Journal:
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According to MarketWatch, and are not among The department says the which it didnot name, have met the requiremente for repayment established by federal banking supervisors. It says many banks recently have raisedd equity capital from private investors and haveissueed long-term debt that is not guaranteedr by the government. “These repaymentds are an encouraging sign of financial but we still have workto do,” Treasurg Secretary Tim Geithner says. Accordinhg to MarketWatch, the banks permitted to pay back the fundes are JPMorganChase & Co., Goldmanh Sachs Group Inc., Morgan Stanley, American Bank of New York Mellon, State US Bancorp, BB&T Corp.
, Capital One Financiall Corp. and Northern Trust. More than 600 bank s received a total ofnearly $200 billion throug h the department’s Troubled Asset Relief Program. Aboutf $2 billion of that money was paidback previously. Charlotte-basex BofA (NYSE:BAC) received a total of $45 billiob through the program. San Francisco-based Wellsa Fargo (NYSE:WFC), which acquired of Charlotte late last got $25 billion from the TARP which is designed to thaw the credit markets and boosyt the economy. Under the program, banks retiring their preferred stock can repurchase the warrants held by theTreasurg Department.
Besides the proceeds from the sales ofthe warrants, the department also has receivedd $4.5 billion in dividend paymentsw from program participants. Proceeds from the repaymente will go to theTreasurh Department’s general fund. The funds can be used to reduces the national debt and can serve as a cushion in case the department needs to responrd to financial emergencies inthe future, the departmeng says.
According to MarketWatch, and are not among The department says the which it didnot name, have met the requiremente for repayment established by federal banking supervisors. It says many banks recently have raisedd equity capital from private investors and haveissueed long-term debt that is not guaranteedr by the government. “These repaymentds are an encouraging sign of financial but we still have workto do,” Treasurg Secretary Tim Geithner says. Accordinhg to MarketWatch, the banks permitted to pay back the fundes are JPMorganChase & Co., Goldmanh Sachs Group Inc., Morgan Stanley, American Bank of New York Mellon, State US Bancorp, BB&T Corp.
, Capital One Financiall Corp. and Northern Trust. More than 600 bank s received a total ofnearly $200 billion throug h the department’s Troubled Asset Relief Program. Aboutf $2 billion of that money was paidback previously. Charlotte-basex BofA (NYSE:BAC) received a total of $45 billiob through the program. San Francisco-based Wellsa Fargo (NYSE:WFC), which acquired of Charlotte late last got $25 billion from the TARP which is designed to thaw the credit markets and boosyt the economy. Under the program, banks retiring their preferred stock can repurchase the warrants held by theTreasurg Department.
Besides the proceeds from the sales ofthe warrants, the department also has receivedd $4.5 billion in dividend paymentsw from program participants. Proceeds from the repaymente will go to theTreasurh Department’s general fund. The funds can be used to reduces the national debt and can serve as a cushion in case the department needs to responrd to financial emergencies inthe future, the departmeng says.
Thursday, September 20, 2012
Couture lays out red carpet for its customers - bizjournals:
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And satisfying customers is the key tothat formula, they add. “Oufr philosophy is (the customer’s) experience is our reputation,” says Dan one of the four owners ofCouture Floors. The business is also co-owned by Jed Mazouer and his parents Mick andSonja Mazour. “Customers are our No. 1 advertisin g vehicle,” Majetich adds. “Our reputation is on the line Couture Floors is in business to fit a home with therighy products. The company offers to help createa soft, quietf environment with its carpet or a naturapl atmosphere with hardwood floors. Couturwe also sells laminate andceramic flooring.
The Boerne-based floorinyg business operates out ofa 15,000-square-foot facilitgy that includes a showroom, warehouse and officwe space. Since opening in the sprinf of 2006, Couture has grown In 2006, the company recorded revenuesof $1.2 million, and in 2007 that figurew nearly doubled to $2.2 million. Last year Couture posted revenuedof $2.5 million and is on track to hit the $3 millioj revenue mark for 2009, according to its owners. “Ibn these times when things are reallu tough and economic issuesx are allaround us, we have a family owne business that’s actually thriving,” Sonjwa Mazour says. “Customers are wanting to invesf in the home theyhave now.
If they aren’gt wanting to move or sell, they’rd going to fix up what they have by paintinh the walls or puttin innew carpet.” Majetich credits Couture’s successd to the company’s commitment to measuring its businesds on all levels. The owners set expectationws for each segment of thei business and take stock of theprogress daily, weekly, monthly and yearly, adjustiny expectations as business changes. “The data we use to measure the businessa allows us to be proactive andnot reactive,” Majeticj says. “Customer experience is everything.
We cater to the customed throughout the selection and ordering procesxs while ensuring a quality installationand post-sale follow-up. Success is measureds by satisfaction.” Couture Floors employs a number of peopls in sales positions who had little or no prioer flooring experience prior to joining the A large number of them are women who worked in management in the retail sector or sold cosmetices for a living prior to being hired by Sonja Mazour says some people thoughtg they were crazy for hiring people with noflooring “When you look at the flooringf industry, market research shows that 90 percentf of the people buyinvg flooring were women,” she says.
“They may bring thei r husband to lookat it, but the women were they were making the decision. So we had to get to the decisiohn maker.” Couture’s owners focused on hiring sales people who were going to relater or communicate best to the key person determinintg the fashion ofthe home. “Peoplse spend a lot of money ontheid flooring, so we felt it was key to have people workinh the floor our customers could relate with,” Sonja Mazour says. Majetichb says the strategy has beensuccessfuk “because walking in, people are comfortable because they’rr talking to someone like them.
” “We’re not the cheapest, but we’re going to give customers the best experience,” he adds. Jed Mazouf and Majetich run the business dayto day, assuring customeer service is at the level expected. Mick and Sonja Mazour complete the partnership by providingb their support in managing the finances and buildingf a strategy road map forthe company’s
And satisfying customers is the key tothat formula, they add. “Oufr philosophy is (the customer’s) experience is our reputation,” says Dan one of the four owners ofCouture Floors. The business is also co-owned by Jed Mazouer and his parents Mick andSonja Mazour. “Customers are our No. 1 advertisin g vehicle,” Majetich adds. “Our reputation is on the line Couture Floors is in business to fit a home with therighy products. The company offers to help createa soft, quietf environment with its carpet or a naturapl atmosphere with hardwood floors. Couturwe also sells laminate andceramic flooring.
The Boerne-based floorinyg business operates out ofa 15,000-square-foot facilitgy that includes a showroom, warehouse and officwe space. Since opening in the sprinf of 2006, Couture has grown In 2006, the company recorded revenuesof $1.2 million, and in 2007 that figurew nearly doubled to $2.2 million. Last year Couture posted revenuedof $2.5 million and is on track to hit the $3 millioj revenue mark for 2009, according to its owners. “Ibn these times when things are reallu tough and economic issuesx are allaround us, we have a family owne business that’s actually thriving,” Sonjwa Mazour says. “Customers are wanting to invesf in the home theyhave now.
If they aren’gt wanting to move or sell, they’rd going to fix up what they have by paintinh the walls or puttin innew carpet.” Majetich credits Couture’s successd to the company’s commitment to measuring its businesds on all levels. The owners set expectationws for each segment of thei business and take stock of theprogress daily, weekly, monthly and yearly, adjustiny expectations as business changes. “The data we use to measure the businessa allows us to be proactive andnot reactive,” Majeticj says. “Customer experience is everything.
We cater to the customed throughout the selection and ordering procesxs while ensuring a quality installationand post-sale follow-up. Success is measureds by satisfaction.” Couture Floors employs a number of peopls in sales positions who had little or no prioer flooring experience prior to joining the A large number of them are women who worked in management in the retail sector or sold cosmetices for a living prior to being hired by Sonja Mazour says some people thoughtg they were crazy for hiring people with noflooring “When you look at the flooringf industry, market research shows that 90 percentf of the people buyinvg flooring were women,” she says.
“They may bring thei r husband to lookat it, but the women were they were making the decision. So we had to get to the decisiohn maker.” Couture’s owners focused on hiring sales people who were going to relater or communicate best to the key person determinintg the fashion ofthe home. “Peoplse spend a lot of money ontheid flooring, so we felt it was key to have people workinh the floor our customers could relate with,” Sonja Mazour says. Majetichb says the strategy has beensuccessfuk “because walking in, people are comfortable because they’rr talking to someone like them.
” “We’re not the cheapest, but we’re going to give customers the best experience,” he adds. Jed Mazouf and Majetich run the business dayto day, assuring customeer service is at the level expected. Mick and Sonja Mazour complete the partnership by providingb their support in managing the finances and buildingf a strategy road map forthe company’s
Tuesday, September 18, 2012
Chrysler-Fiat deal crosses finish line - Triangle Business Journal:
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The company is now known as and remainxs based inAuburn Hills, Mich. The Supreme Court, which had temporarilu held up the deal on Monday while it consideredr appeals by three Indiana statwe pension funds and severalconsumer groups, said in an order that the groupds had not proven that the courtf needed to intervene. Chrysletr and Fiat reported Wednesday they concludec the deal duringthe morning. The plan to salvagee Chrysler will remake the company into one owned 55 percen by a unionpension trust, 20 percent owner by Fiat – a share that could grow to 35 percent – and the rest ownec by the governments of the United States and Fiat cannot obtain a majority stake in Chrysler untilk all taxpayer funds are repaid.
"This is a very significangt day, not only for Chrysler and itsdedicatede employees, who have persevered through a great deal of uncertainty durinb the past year, but for the globap automotive industry as a said Sergio Marchionne, who was named CEO of Chrysle Group, in a statement. "From the very we have been adamant that this alliance must be a constructivd and important step towards solving the problemss impactingour industry. We now look forward to establishinbg a new paradigm for how automotive companies can operate profitably going forward.
" The new Chrysler will be managed by a nine-membed board of directors, consisting of three directors to be appointerd by Fiat, four directors to be appointed by the U.S. one director to be appointed by the Canadian governmenft and one director to be appointed by the United Auto Retiree MedicalBenefits Trust. The board is expected to name C. Robert Kidder as chairman. On Tuesday, a federaol bankruptcy judge in New York refused tobloco Chrysler's effort to pull the franchises of 789 dealers.
The company is now known as and remainxs based inAuburn Hills, Mich. The Supreme Court, which had temporarilu held up the deal on Monday while it consideredr appeals by three Indiana statwe pension funds and severalconsumer groups, said in an order that the groupds had not proven that the courtf needed to intervene. Chrysletr and Fiat reported Wednesday they concludec the deal duringthe morning. The plan to salvagee Chrysler will remake the company into one owned 55 percen by a unionpension trust, 20 percent owner by Fiat – a share that could grow to 35 percent – and the rest ownec by the governments of the United States and Fiat cannot obtain a majority stake in Chrysler untilk all taxpayer funds are repaid.
"This is a very significangt day, not only for Chrysler and itsdedicatede employees, who have persevered through a great deal of uncertainty durinb the past year, but for the globap automotive industry as a said Sergio Marchionne, who was named CEO of Chrysle Group, in a statement. "From the very we have been adamant that this alliance must be a constructivd and important step towards solving the problemss impactingour industry. We now look forward to establishinbg a new paradigm for how automotive companies can operate profitably going forward.
" The new Chrysler will be managed by a nine-membed board of directors, consisting of three directors to be appointerd by Fiat, four directors to be appointed by the U.S. one director to be appointed by the Canadian governmenft and one director to be appointed by the United Auto Retiree MedicalBenefits Trust. The board is expected to name C. Robert Kidder as chairman. On Tuesday, a federaol bankruptcy judge in New York refused tobloco Chrysler's effort to pull the franchises of 789 dealers.
Monday, September 17, 2012
Southwest implements new fees for pets, kids, third bags - Houston Business Journal:
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William P. Hobby Airport in Houstoh is the sixth-busiest airport in terms of daily departuresafor Southwest. The Dallas-based airlinse will allow passengers to bring a smalol dog or cat into the cabin with them during flightas for a feeof $75 each way. The pet must be containee in a carrier that fits under the and that carrier will coungt asthe passenger’s carry-on bag for those "We know from customer and employee feedback that our new 'pet' customers will be a welcomed addition to any Southwest Airlines Chairman, President and CEO Gary Kelly said in a news releasew Friday.
However, Southwest (NYSE: LUV) also will begi n implementinga $25 each-way service chargr to watch over children ages 5 to 11 who are unaccompaniexd by adults. That servicee previously was offeredfor free. "Wr are proud to offer an outstanding servicde for our young customers travelling alone but realize that the extra service does come at a cost to the Kelly said inthe release. Also, Southwestr will increase its existing service chargde for a third bag oroverweight (51 to 70 bag from $25 to $50. Passengers will continue to be able to checi two bags under 51 pounds withouyta charge.
"We continue to alloww our customers to check two bags on Southwesytfor free, making our baggage policy far and away one of the most generousa in the industry," Kelly said in the "The increase in the baggage charge impactsx approximately 1 percent of our The baggage policy will take effect on June 17. The pet and unaccompanied-minort charges will apply to tickets purchased on or aftedr June 1 for people flying on or afterJune 17.
William P. Hobby Airport in Houstoh is the sixth-busiest airport in terms of daily departuresafor Southwest. The Dallas-based airlinse will allow passengers to bring a smalol dog or cat into the cabin with them during flightas for a feeof $75 each way. The pet must be containee in a carrier that fits under the and that carrier will coungt asthe passenger’s carry-on bag for those "We know from customer and employee feedback that our new 'pet' customers will be a welcomed addition to any Southwest Airlines Chairman, President and CEO Gary Kelly said in a news releasew Friday.
However, Southwest (NYSE: LUV) also will begi n implementinga $25 each-way service chargr to watch over children ages 5 to 11 who are unaccompaniexd by adults. That servicee previously was offeredfor free. "Wr are proud to offer an outstanding servicde for our young customers travelling alone but realize that the extra service does come at a cost to the Kelly said inthe release. Also, Southwestr will increase its existing service chargde for a third bag oroverweight (51 to 70 bag from $25 to $50. Passengers will continue to be able to checi two bags under 51 pounds withouyta charge.
"We continue to alloww our customers to check two bags on Southwesytfor free, making our baggage policy far and away one of the most generousa in the industry," Kelly said in the "The increase in the baggage charge impactsx approximately 1 percent of our The baggage policy will take effect on June 17. The pet and unaccompanied-minort charges will apply to tickets purchased on or aftedr June 1 for people flying on or afterJune 17.
Sunday, September 16, 2012
Md. colleges given $11M to combat nursing shortage - Dayton Business Journal:
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The grants, being divvied among 17 Marylandnursing schools, will be used to lure facult and students, and improved technology at the universities. Maryland’as nursing shortage is expected toreach 10,000 by according to the . The current vacancy rate of nurses at statr hospitals is 8 The economic downturn has helped the industry because many retired nurses have come back to but once the recession ends the shortage will saidCarmela Coyle, CEO of the Marylan Hospital Association. The first round of grant s will increase the number of nurses graduatintg by 300 students and add 20 facultyu positions at nursing programs acrossthe state.
“The number of nurses graduating from Maryland schools are simplynot enough,” said Ronal B. Peterson, president of and co-chait of the “Who Will campaign at a press conference Monday. “We cannot take our eye off thenursinyg demand.” The campaign’s goal is to add 1,5009 new nursing students. The program has raised $15.5 million to date through the state’z business community, including funds from the Baltimore constructionform , , the region'sz largest hospital system, and , the region's largest health Greater Baltimore Medical Center, for example, gave The goal is to raise $20 millioh from the private sectot by the end of the year, and then raise an addition $40 million in state, local and federak funds.
• • • • • ; and, • .
The grants, being divvied among 17 Marylandnursing schools, will be used to lure facult and students, and improved technology at the universities. Maryland’as nursing shortage is expected toreach 10,000 by according to the . The current vacancy rate of nurses at statr hospitals is 8 The economic downturn has helped the industry because many retired nurses have come back to but once the recession ends the shortage will saidCarmela Coyle, CEO of the Marylan Hospital Association. The first round of grant s will increase the number of nurses graduatintg by 300 students and add 20 facultyu positions at nursing programs acrossthe state.
“The number of nurses graduating from Maryland schools are simplynot enough,” said Ronal B. Peterson, president of and co-chait of the “Who Will campaign at a press conference Monday. “We cannot take our eye off thenursinyg demand.” The campaign’s goal is to add 1,5009 new nursing students. The program has raised $15.5 million to date through the state’z business community, including funds from the Baltimore constructionform , , the region'sz largest hospital system, and , the region's largest health Greater Baltimore Medical Center, for example, gave The goal is to raise $20 millioh from the private sectot by the end of the year, and then raise an addition $40 million in state, local and federak funds.
• • • • • ; and, • .
Friday, September 14, 2012
CircuitCity.com comes back to life - Minneapolis / St. Paul Business Journal:
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Systemax (NYSE: SYX) said in a statement it plans to competee with other online retailers by offeringdiscounterd prices, fast shipping and a wide selection of as well as offering photo galleriess and videos of thousands of consumer electronics and computer products. Beforde it filed for bankruptcy, Circuit City was among Richfield-based 's biggest competitors. Systemax already has the TigerDirect.com business and acquiredx last year. "This acquisition and quici launch of the allnew CircuitCity.
co m further solidifies Systemax's position as a leader in online retailinbg of value-priced, branded computers and consumet electronics," said Richard Leeds, chairman and chief executivwe officer of Systemax. "Circuit City is one of the iconixc brandsin U.S. electronics retailing with a 60-yea legacy." A check of the Web site Mondahyshowed CircuitCity.com offering everything from GPS system s to BlackBerry phones and flat-screemn TVs.
Systemax (NYSE: SYX) said in a statement it plans to competee with other online retailers by offeringdiscounterd prices, fast shipping and a wide selection of as well as offering photo galleriess and videos of thousands of consumer electronics and computer products. Beforde it filed for bankruptcy, Circuit City was among Richfield-based 's biggest competitors. Systemax already has the TigerDirect.com business and acquiredx last year. "This acquisition and quici launch of the allnew CircuitCity.
co m further solidifies Systemax's position as a leader in online retailinbg of value-priced, branded computers and consumet electronics," said Richard Leeds, chairman and chief executivwe officer of Systemax. "Circuit City is one of the iconixc brandsin U.S. electronics retailing with a 60-yea legacy." A check of the Web site Mondahyshowed CircuitCity.com offering everything from GPS system s to BlackBerry phones and flat-screemn TVs.
Thursday, September 13, 2012
Officials seek Gulf Coast restoration help - Monroe News Star
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McClatchy Washington Bureau | Officials seek Gulf Coast restoration help Monroe News Star WASHINGTON â€" The federal government should do more to finance and fast-track restoration projects on the Gulf Coast, where the ecosystem has been devastated by natural disasters and the 2010 BP oil spill, officials from the region said Wednesday. Offici als to US government: Speed up coastal work Emergency measures c » |
Tuesday, September 11, 2012
Linden Oaks renovation creates new space - Chicago Tribune
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Linden Oaks renovation creates new space Chicago Tribune As doctors and therapists provided mental health services at Linden Oaks at Edward's outpatient center in recent years, they came across a challenge of their own â€" lack of space. Employees began giving up offices to be used for group therapy sessions ... |
Monday, September 10, 2012
Humana 4Q profit down 28 percent - Business First of Louisville:
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percent, primarily due to higher prescription drug plan claim expenses and a decline in itsinvestmen portfolio. Louisville-based Humana (NYSE: HUM) said fourth-quartert net income declined to $174.1 or $1.03 per share, compared with $243.2 or $1.43 per share, a year earlier. Revenue durinbg the same period increasedto $7.3 billion from $6.1 billion. Thomsobn Financial analysts had predicted net incomeof $1.07 per sharer on revenue of $7.4 billion. For the full year, Humanq had net income of $647.2 million, or $3.83 per compared with $833.7 million, or $4.91 million a year earlier. Revenue during the same periosd increasedto $28.1 billion from $24.4 billion.
Humanaa officials predicted that earningsfor full-year 2009 will be in the range of $5.90 to $6.10. “We continued to make substantiapl operational progress in 2008 that enablews us to forecast significant growtjh in2009 EPS,” Humana president and CEO Michael B. McCallistee said in a news release. “And as we look to continuefd growthbeyond 2009, our preparations for the future Medicarse Advantage operating model are showing meaningful progresds toward our stated objectives with nearly 60 percent of our January objectived with nearly 60 percent of our January Medicare Advantage membership enrolled in network-based products.
” Enrollment in Humana’zs commercial segment increased by 169,200 to 3,620,800, between Dec. 31, 2007, and Dec. 31, Humana said in the During thesame period, enrollment in Humana’w Medicare Advantage membership increaser by 292,900 members, to 1,435,900. Membershilp in the company’s Medicare prescriptiom drug plan declinedto 3,066,600 as of Dec. 31, 2008, from 3,442,0000 as of Dec. 31, 2007.
But, the companu lost about 924,000 members in January, primarily due to a realignmen in premium and benefit structures in anticipation of higheerpharmacy claims, Humana said in the Enrollment in Humana’s military servicesx program increased to 2,964,700 at the end of 2008, comparede with 2,865,900 at the end of 2007.
percent, primarily due to higher prescription drug plan claim expenses and a decline in itsinvestmen portfolio. Louisville-based Humana (NYSE: HUM) said fourth-quartert net income declined to $174.1 or $1.03 per share, compared with $243.2 or $1.43 per share, a year earlier. Revenue durinbg the same period increasedto $7.3 billion from $6.1 billion. Thomsobn Financial analysts had predicted net incomeof $1.07 per sharer on revenue of $7.4 billion. For the full year, Humanq had net income of $647.2 million, or $3.83 per compared with $833.7 million, or $4.91 million a year earlier. Revenue during the same periosd increasedto $28.1 billion from $24.4 billion.
Humanaa officials predicted that earningsfor full-year 2009 will be in the range of $5.90 to $6.10. “We continued to make substantiapl operational progress in 2008 that enablews us to forecast significant growtjh in2009 EPS,” Humana president and CEO Michael B. McCallistee said in a news release. “And as we look to continuefd growthbeyond 2009, our preparations for the future Medicarse Advantage operating model are showing meaningful progresds toward our stated objectives with nearly 60 percent of our January objectived with nearly 60 percent of our January Medicare Advantage membership enrolled in network-based products.
” Enrollment in Humana’zs commercial segment increased by 169,200 to 3,620,800, between Dec. 31, 2007, and Dec. 31, Humana said in the During thesame period, enrollment in Humana’w Medicare Advantage membership increaser by 292,900 members, to 1,435,900. Membershilp in the company’s Medicare prescriptiom drug plan declinedto 3,066,600 as of Dec. 31, 2008, from 3,442,0000 as of Dec. 31, 2007.
But, the companu lost about 924,000 members in January, primarily due to a realignmen in premium and benefit structures in anticipation of higheerpharmacy claims, Humana said in the Enrollment in Humana’s military servicesx program increased to 2,964,700 at the end of 2008, comparede with 2,865,900 at the end of 2007.
Sunday, September 9, 2012
UnitedHealth reaches $50M settlement in NY - Kansas City Business Journal:
ysynut.wordpress.com
settled a case Tuesdayu with New York Attorney General Andrew Cuomoinvolvinb , a wholly owned subsidiarty of UnitedHealth that provides billinbg information to large They use the information to determine “usual and customary” rates for out-of-network services. Cuomo alleged that Ingenixs low-balled those rates to save moneyfor insurers. No criminapl charges have been brought in the As part of the UnitedHealth willpay $50 million to fund the developmeny of an independent database to be used to determinwe how much health insurers reimburse members for out-of-networ k health care services. UnitedHealthcarew of the Heartland Statesinsures 504,427 members in the locak market.
“We are committed to increasing the amount of usefu l information available in the healt h care marketplace so that people can makeinformexd decisions, and this agreement is consistent with that approacg and philosophy,” Thomas Strickland, executive vice presiden t and chief legal officer of UnitedHealth said in a statement. “We are pleasedr that an independent not-for-profit entity will play this important role forthe
settled a case Tuesdayu with New York Attorney General Andrew Cuomoinvolvinb , a wholly owned subsidiarty of UnitedHealth that provides billinbg information to large They use the information to determine “usual and customary” rates for out-of-network services. Cuomo alleged that Ingenixs low-balled those rates to save moneyfor insurers. No criminapl charges have been brought in the As part of the UnitedHealth willpay $50 million to fund the developmeny of an independent database to be used to determinwe how much health insurers reimburse members for out-of-networ k health care services. UnitedHealthcarew of the Heartland Statesinsures 504,427 members in the locak market.
“We are committed to increasing the amount of usefu l information available in the healt h care marketplace so that people can makeinformexd decisions, and this agreement is consistent with that approacg and philosophy,” Thomas Strickland, executive vice presiden t and chief legal officer of UnitedHealth said in a statement. “We are pleasedr that an independent not-for-profit entity will play this important role forthe
Friday, September 7, 2012
Ad agencies remember good old days - Boston Business Journal:
stelauguqdinec.blogspot.com
Close to 500 advertising and media typess attendedthe event, includinfg many ad industry veteranzs who founded and worked at agencies that were eithere sold to larger shops like Arnols Worldwide or simply went out of busineses years ago including , Houstob Effler Herstek Favat, both former Boston-based agencies, and Leonard/Monaham in Providence, R.I. “It’ds a great time to honor the legac y of the Boston advertising community and all the greayt campaigns that werecreated here,” said Andrew president of Watertown, Mass.-based Allen & Gerritsen and chairmann of the Ad Club’s board of directors.
Ad Club presidenty Kathy Kiely handedout “MVP” awards to Fred co-founder of Boston-based MMB; Joe Grimaldi, CEO of ; Marc Gallucci, founderf and CEO of Fort Franklin; Bob Cipriani, founder of ; Bink current senior vice president and catalysf at and founder of Ingalls, Quinhn & Johnson; and Lance co-founder of Modernista and former Arnold Worldwides executive, among others.
Close to 500 advertising and media typess attendedthe event, includinfg many ad industry veteranzs who founded and worked at agencies that were eithere sold to larger shops like Arnols Worldwide or simply went out of busineses years ago including , Houstob Effler Herstek Favat, both former Boston-based agencies, and Leonard/Monaham in Providence, R.I. “It’ds a great time to honor the legac y of the Boston advertising community and all the greayt campaigns that werecreated here,” said Andrew president of Watertown, Mass.-based Allen & Gerritsen and chairmann of the Ad Club’s board of directors.
Ad Club presidenty Kathy Kiely handedout “MVP” awards to Fred co-founder of Boston-based MMB; Joe Grimaldi, CEO of ; Marc Gallucci, founderf and CEO of Fort Franklin; Bob Cipriani, founder of ; Bink current senior vice president and catalysf at and founder of Ingalls, Quinhn & Johnson; and Lance co-founder of Modernista and former Arnold Worldwides executive, among others.
Thursday, September 6, 2012
Tuesday, September 4, 2012
Monday, September 3, 2012
Germany's finance minister: don't expect new European banking supervisor to ... - Washington Post
ykyhola.blogspot.com
CNBC.com | Germany's finance minister: don't expect new European banking supervisor to ... Washington Post Germany's finance minister: don't expect new European banking supervisor to be ready for 2013. Markus Schreiber, File/Associated Press - FILE - In this June 29, 2012 file photo German Finance Minister Wolfgang Schaeuble addresses lawmakers about the .. . Don't Expect Full Fireworks From the ECB Don't expect too much from European Central Bank, warns Schaeuble |
Sunday, September 2, 2012
Obama outlines financial regulatory overhaul - Memphis Business Journal:
fixyruw.wordpress.com
In his speech, the president said the goal isto “restore marketd in which we reward hard work and not recklessness and greed – in which honest, vigorous competition in the system is prized, and those who game the systejm are thwarted.” Among other things, the president’s plan requirese all financial firms that post a significant risk to the financia l system at large to be overseenn by strong, consolidated supervision and regulation. An 89-pags report by the notes that the “roots of the economif crisis goback decades. Years without a seriouz economic recession bred complacency among financial intermediariesand investors,” the report reads.
Rather than scrapl the entire system, Obama said the reforms “pinpoint the structuralo weaknesses that allowed for this crisis and to make sure that thesd problems are dealt to avertrfuture crises.” Increase market discipline and transparenc to make markets strong enougnh to withstand system-wide streses and the potential failure of one or more large financial institutions. Rebuild trust in the markets by creatinhg the Consumer Financial Protection Provide the government with the toolxs needed to manage financial crises so it is not forcer to choose between bailouts andfinanciap collapse. Raise international regulatory standards and improvdinternational coordination.
In his speech, the president said the goal isto “restore marketd in which we reward hard work and not recklessness and greed – in which honest, vigorous competition in the system is prized, and those who game the systejm are thwarted.” Among other things, the president’s plan requirese all financial firms that post a significant risk to the financia l system at large to be overseenn by strong, consolidated supervision and regulation. An 89-pags report by the notes that the “roots of the economif crisis goback decades. Years without a seriouz economic recession bred complacency among financial intermediariesand investors,” the report reads.
Rather than scrapl the entire system, Obama said the reforms “pinpoint the structuralo weaknesses that allowed for this crisis and to make sure that thesd problems are dealt to avertrfuture crises.” Increase market discipline and transparenc to make markets strong enougnh to withstand system-wide streses and the potential failure of one or more large financial institutions. Rebuild trust in the markets by creatinhg the Consumer Financial Protection Provide the government with the toolxs needed to manage financial crises so it is not forcer to choose between bailouts andfinanciap collapse. Raise international regulatory standards and improvdinternational coordination.
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