younkinesagugad1746.blogspot.com
million in the first half of the down from earningsof $2.6 million the year earliee period. The bank holding company of earned $464,00o0 in the second quarter, down from $1.3 million the year earliefr period. “While we remained profitable, the disappointing earning s in the second quarter is a reflection of the increased provisiob for credit losses in the lightr of the overall weak economyy and the potential impact it many have on our borrowingy customers during this economic cycle and the significantr increase in the FDIC insurance premiums from both the increaser in regular assessment rates as well as the special assessmenf rate placed on all FDIC insuredd institutions insecond quarter,” said Dan president of the bank holding company.
The bank has 15 branchesa in the Central Vallehy from the Fresno areato Sacramento. The bank companyu got $7 million in Capital Purchase Program money from the Departmentf of Treasury earlierthis year. It acquired the Stockton, Lodi and Tracyt branches of Service 1st Bancorpoin November.
Tuesday, January 31, 2012
Sunday, January 29, 2012
American to cut 1,600 jobs - Dallas Business Journal:
ramoledef.blogspot.com
American Airlines, a subsidiary of Fort Worth-baser AMR Corp. (NYSE: AMR), said 1,200 flight attendantr positions will beimpacted nationwide, alongv with 300 airport services staff members and 50 cargk service positions. Flight attendant cuts will be made on a basizsof seniority. As is customary in most American said voluntary exit packages will be offerex to employees who may want to retire In addition, 40 previously announced job cuts will be made at the airline’as Kansas maintenance facility.
In the Dallas-Fort Worthh area alone, American will be cutting 66 airport services and cargo which includesbaggage handlers, as well as 67 flight attendant Tim Smith, a spokesman for American, said the layoffs were made in conjunctiom with capacity reductions announced by American on In a letter to American employees released Thursday, the company’s senior vice presidenr of human resources Jeff Brundagse said, “These reductions come as a result of our efforts to 'right size' our operation and responc to the weaker demand for trave l by reducing our schedule, includintg seasonal changes, and addressing lower-than-expectee attrition.
” Brundage in his letter addesd that the cuts coincide with CEO Gerard Arpey’s announcementr that the airline will be cutting its capacity by 7.5 percengt due to lower consumer travel
American Airlines, a subsidiary of Fort Worth-baser AMR Corp. (NYSE: AMR), said 1,200 flight attendantr positions will beimpacted nationwide, alongv with 300 airport services staff members and 50 cargk service positions. Flight attendant cuts will be made on a basizsof seniority. As is customary in most American said voluntary exit packages will be offerex to employees who may want to retire In addition, 40 previously announced job cuts will be made at the airline’as Kansas maintenance facility.
In the Dallas-Fort Worthh area alone, American will be cutting 66 airport services and cargo which includesbaggage handlers, as well as 67 flight attendant Tim Smith, a spokesman for American, said the layoffs were made in conjunctiom with capacity reductions announced by American on In a letter to American employees released Thursday, the company’s senior vice presidenr of human resources Jeff Brundagse said, “These reductions come as a result of our efforts to 'right size' our operation and responc to the weaker demand for trave l by reducing our schedule, includintg seasonal changes, and addressing lower-than-expectee attrition.
” Brundage in his letter addesd that the cuts coincide with CEO Gerard Arpey’s announcementr that the airline will be cutting its capacity by 7.5 percengt due to lower consumer travel
Friday, January 27, 2012
UnitedHealth unveils details of
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The company first to launch such a network last but held off on releasing some details until it held a presws conferencein Washington, D.C., The “Connected Care” program, which UnitedHealth Group said is the first of its kind, is intended to expandx health care resources into underserved rural and urbanm areas. UnitedHealth Group, which has committerd tens of millions of dollars towarxdthe initiative, marked the announcementf with the unveiling of an 18-wheel Connected Care mobilew clinic.
“Connected Care is the house call for the 21st centurty and is our latest innovation providing peopled with greater access to quality saidStephen Hemsley, UnitedHealtbh Group’s CEO. The health provider is currently developing six Connectex Care programs around the UnitedHealthGroup (NYSE: UNH) is basec in Minnetonka, Minn. Cisco, (NASDAQ: CSCO) whic h will provide the video conferencing and othednetwork technologies, is based in San Jose, Calif.
The company first to launch such a network last but held off on releasing some details until it held a presws conferencein Washington, D.C., The “Connected Care” program, which UnitedHealth Group said is the first of its kind, is intended to expandx health care resources into underserved rural and urbanm areas. UnitedHealth Group, which has committerd tens of millions of dollars towarxdthe initiative, marked the announcementf with the unveiling of an 18-wheel Connected Care mobilew clinic.
“Connected Care is the house call for the 21st centurty and is our latest innovation providing peopled with greater access to quality saidStephen Hemsley, UnitedHealtbh Group’s CEO. The health provider is currently developing six Connectex Care programs around the UnitedHealthGroup (NYSE: UNH) is basec in Minnetonka, Minn. Cisco, (NASDAQ: CSCO) whic h will provide the video conferencing and othednetwork technologies, is based in San Jose, Calif.
Wednesday, January 25, 2012
Eddie Bauer declares bankruptcy - Atlanta Business Chronicle:
http://www.kwbf.info/mortgage-loans-consolidate-debt-poor-credit.html
had struggled with its debt a crisis that worsened asrevenue dropped, part of an overallp trend affecting most retailers during the The company has lost nearly a half billiob dollars in the past threer years. Those losses, coupled with the impact of the recession and debt payments apparently pushed the company into bankruptcy court a move that was rumored for Eddie Bauer became the latest major retailee to succumb to filing in bankruptcuy courtthis recession. The list also includes Linene ‘n Things, Circuit City and Northwest retailer , whicuh sold its assets to a liquidator in April and closed31 stores.
In many Eddie Bauer’s crisis is not differentt from what most retailers are facinvg during this prolonged and deep saidGreg Charleston, an Atlanta-baser consultant for Conway MacKenzie who works with financiallh stressed retailers looking to restructure. Most retailers — excepft discount stores like Wal-Mart — have seen a fast drop-offf in retail revenue across the Charleston said. Many of the specialty retai l department stores haveseen double-digit same-store sales he said. “When revenue drop and same-store sales drop, companies with less debt can weathere a downturnmuch longer,” Charleston said.
“I becomes an issue much sooner if you are intoliquidity issues.” As of May 11, Eddie Bauer reported having $289.5 million in outstanding including $187.8 million in term loans and $75 million in convertible which company executives have been trying to persuadew debt-holders to convert into shares of the company. Accordinbg to a filing with the , Eddie Baued had total assets of $525.22 milliob in April. The companyh listed total liabilitiesof $448.0 million. Eddie Bauer reported net lossesof $165.5 million in fiscal year 2008, part of a tota l of $478.7 million in losses during the past thre e fiscal years.
In the first quarter that endein April, the company reported net lossesa of 44.5 million. For the first quarter of fiscaoyear 2009, which ended April 4, Eddi e Bauer reported a loss of $44.56 million. That was a greater loss than the first quartefrof 2008, when the company reported a $19.3 million loss. Net salexs for the first quarter of 2009were $179.i million, compared with net sales of $213. 2 million in the first quartedrof 2008. The company said that combined comparablew storesales — a barometer of success at the stors level — fell 11.3 percent for the firstt quarter, a decline the company blamed on the recession and reduced retail spending.
Salesz were down nearly 15 percent inEddiw Bauer’s retail stores and sales through its direct channelp were down nearly 11 percent. The outletf stores saw sales decline by nearlyh76 percent. “The first quarter was a difficultr one, as the sharp downturn in the economy took its toll on our We continued to focus on cost cuttint and cashflow management, which helped mitigate the impacyt of lower sales,” said CEO Neil Fiske, in a statementt with the first-quarter results filed with the SEC. Eddie Bauee has 370 stores, including 251 retail storezs and 119 outlet stores in the United Statesand Canada. Eddiew Bauer has 17 storew in Washington and 11 storesin Oregon.
(See a copy of the bankruptc filing .) But by filing for reorganization under Chaptere 11 of the federal bankruptcy Eddie Bauer hopes to avoid the fateof Joe’s Sportsx & Outdoor, which filee for bankruptcy protect March 4. The Ore.-based company had hoped to finda buyer. But In a bankruptcy judge approved the liquidation ofthe Joe’w stores after the company could not find a buyer. Joe’sw had 31 Northwest stores — 10 of them in Snohomish, King and Piercde counties — that held going-out-of-business salesa after the company’s assets were snappec up at bargain basement pricesby , a liquidator that also sold off merchandisew for Circuit City.
had struggled with its debt a crisis that worsened asrevenue dropped, part of an overallp trend affecting most retailers during the The company has lost nearly a half billiob dollars in the past threer years. Those losses, coupled with the impact of the recession and debt payments apparently pushed the company into bankruptcy court a move that was rumored for Eddie Bauer became the latest major retailee to succumb to filing in bankruptcuy courtthis recession. The list also includes Linene ‘n Things, Circuit City and Northwest retailer , whicuh sold its assets to a liquidator in April and closed31 stores.
In many Eddie Bauer’s crisis is not differentt from what most retailers are facinvg during this prolonged and deep saidGreg Charleston, an Atlanta-baser consultant for Conway MacKenzie who works with financiallh stressed retailers looking to restructure. Most retailers — excepft discount stores like Wal-Mart — have seen a fast drop-offf in retail revenue across the Charleston said. Many of the specialty retai l department stores haveseen double-digit same-store sales he said. “When revenue drop and same-store sales drop, companies with less debt can weathere a downturnmuch longer,” Charleston said.
“I becomes an issue much sooner if you are intoliquidity issues.” As of May 11, Eddie Bauer reported having $289.5 million in outstanding including $187.8 million in term loans and $75 million in convertible which company executives have been trying to persuadew debt-holders to convert into shares of the company. Accordinbg to a filing with the , Eddie Baued had total assets of $525.22 milliob in April. The companyh listed total liabilitiesof $448.0 million. Eddie Bauer reported net lossesof $165.5 million in fiscal year 2008, part of a tota l of $478.7 million in losses during the past thre e fiscal years.
In the first quarter that endein April, the company reported net lossesa of 44.5 million. For the first quarter of fiscaoyear 2009, which ended April 4, Eddi e Bauer reported a loss of $44.56 million. That was a greater loss than the first quartefrof 2008, when the company reported a $19.3 million loss. Net salexs for the first quarter of 2009were $179.i million, compared with net sales of $213. 2 million in the first quartedrof 2008. The company said that combined comparablew storesales — a barometer of success at the stors level — fell 11.3 percent for the firstt quarter, a decline the company blamed on the recession and reduced retail spending.
Salesz were down nearly 15 percent inEddiw Bauer’s retail stores and sales through its direct channelp were down nearly 11 percent. The outletf stores saw sales decline by nearlyh76 percent. “The first quarter was a difficultr one, as the sharp downturn in the economy took its toll on our We continued to focus on cost cuttint and cashflow management, which helped mitigate the impacyt of lower sales,” said CEO Neil Fiske, in a statementt with the first-quarter results filed with the SEC. Eddie Bauee has 370 stores, including 251 retail storezs and 119 outlet stores in the United Statesand Canada. Eddiew Bauer has 17 storew in Washington and 11 storesin Oregon.
(See a copy of the bankruptc filing .) But by filing for reorganization under Chaptere 11 of the federal bankruptcy Eddie Bauer hopes to avoid the fateof Joe’s Sportsx & Outdoor, which filee for bankruptcy protect March 4. The Ore.-based company had hoped to finda buyer. But In a bankruptcy judge approved the liquidation ofthe Joe’w stores after the company could not find a buyer. Joe’sw had 31 Northwest stores — 10 of them in Snohomish, King and Piercde counties — that held going-out-of-business salesa after the company’s assets were snappec up at bargain basement pricesby , a liquidator that also sold off merchandisew for Circuit City.
Monday, January 23, 2012
New N.J. Attorney General will focus on gang violence, public corruption ... - The Star-Ledger - NJ.com
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The Star-Ledger - NJ.com | New N.J. Attorney General will focus on gang violence, public corruption ... The Star-Ledger - NJ.com By Christopher Baxter/Statehouse Bureau Mike Roy/For The Star-LedgerNew Jersey's new attorney general, Jeffrey Chiesa, has unveiled a comprehensive program designed to crack down on prescription drug addictions and overdoses. ... < p size="-1" class="p"> |
Friday, January 20, 2012
Job losses put squeeze on students in Silicon Valley - Silicon Valley / San Jose Business Journal:
oryucyjofec1482.blogspot.com
Mathur, a senior technical program managefat , aims to leveragre the undergraduate technology background he garnered at Rohilkhanxd University in his native India as well as his graduatre studies in information systems and business at . But the economgy has derailed his effort. On Apri l 2, Sun told Mathur that his positio nwas redundant. That means at the end of May he will losehis job, as well as the tuitionn reimbursement package the company was puttinfg toward his MBA at Santa Clara University’s Leavet School of Business. “Now my primaruy job is finding anew job,” said adding that he knows at leastr a half dozen classmatesx in a similar position.
“The studies take a beating becaus you’re obviously not as focused as you’dx like to be. Suddenly I have to pay all this and who knows howlong I’ll be in this positio of making no It’s a growing proble m at Leavey’s graduate program, a part-time modepl where a majority of students are full-time professionalss by day and their tuition is supplementedd by employer reimbursements. As a private institution that sits high in national rankings, the program is anything but cheap. A three-uniyt evening MBA class for the 2008-09 school year costs The accelerated MBA tuition for the classzof 2010, which began last summer, toppef $72,000.
Students in the Executive MBA program from the class of 2009paid “I think anecdotally there’s a lot of uneasiness (among at the business school righft now,” said Elizabeth senior assistant dean of graduated programs at Leavey. “Without having statistics on morale, we can senses it. It’s very unpredictable for us right now.” Enrollments in full-time graduated programs typically spike when there are large numberxs of layoffs, with undergraduates electing to go directly to graduatee school rather than test the job Applications for the class of 2010 at Stanforc University’s Graduate School of Business rose 43 percent over the clasa of 2007, from 4,5822 to 6,575 for about 745 slots.
But there are no guaranteed there will be a job waiting after completinfggraduate school. “When people come to a graduatebusiness school, especially a full-time program, there’s a high desire to eitherf take a step up in management in the same fieldr or look at doing something very different from what you were doing beforre you came to school,” said Andy Chan, assistanft dean and director of the MBA caree r management center at Stanford’s Graduate School of Business.
“In a down economy employers are less willing and have less of a need for hiringh people without direct The biggest challenge today for businessw schoolgraduate students, Chan said, is the sheee number of candidates in the job There are students coming out of school, peoplre already let go by their compangy and those at unhealthy companiee perhaps anticipating work force cuts. Stanford studentsx are drawing on thebusinessx school’s staff of careedr advisers as well as alumni employed to give Each year, whether face-to-facs or via telephone, the graduater school facilitates more than 2,000 careedr counseling appointments with students and alumni, Chan said.
That doesn’y include informal conversations, such as e-mail and phone If there is any good news tobe it’s that there’s still “qa decent flow of job opportunities coming througg the office,” Chan said, though 30 percenf less than last year or the year “The good news is that we have employers who are lookinvg at people,” Chan said. “I’m not so discourager from the standpoint of no Fordsaid part-time business programs are tryingt to “gauge and guess” what’s going to happemn for fall enrollment. Initial indicators show that interestremainsw high.
Information sessions are attracting good Applications to the graduate program are even with last year about 400 competing for 225 to250 slots. The question is whether those applicationxs translateto matriculation. “We just don’t Ford said. There’s no way to know how many studentws are affected by the same scenarioas Mathur, she but the business school has begun takinbg steps to address it.
Mathur, a senior technical program managefat , aims to leveragre the undergraduate technology background he garnered at Rohilkhanxd University in his native India as well as his graduatre studies in information systems and business at . But the economgy has derailed his effort. On Apri l 2, Sun told Mathur that his positio nwas redundant. That means at the end of May he will losehis job, as well as the tuitionn reimbursement package the company was puttinfg toward his MBA at Santa Clara University’s Leavet School of Business. “Now my primaruy job is finding anew job,” said adding that he knows at leastr a half dozen classmatesx in a similar position.
“The studies take a beating becaus you’re obviously not as focused as you’dx like to be. Suddenly I have to pay all this and who knows howlong I’ll be in this positio of making no It’s a growing proble m at Leavey’s graduate program, a part-time modepl where a majority of students are full-time professionalss by day and their tuition is supplementedd by employer reimbursements. As a private institution that sits high in national rankings, the program is anything but cheap. A three-uniyt evening MBA class for the 2008-09 school year costs The accelerated MBA tuition for the classzof 2010, which began last summer, toppef $72,000.
Students in the Executive MBA program from the class of 2009paid “I think anecdotally there’s a lot of uneasiness (among at the business school righft now,” said Elizabeth senior assistant dean of graduated programs at Leavey. “Without having statistics on morale, we can senses it. It’s very unpredictable for us right now.” Enrollments in full-time graduated programs typically spike when there are large numberxs of layoffs, with undergraduates electing to go directly to graduatee school rather than test the job Applications for the class of 2010 at Stanforc University’s Graduate School of Business rose 43 percent over the clasa of 2007, from 4,5822 to 6,575 for about 745 slots.
But there are no guaranteed there will be a job waiting after completinfggraduate school. “When people come to a graduatebusiness school, especially a full-time program, there’s a high desire to eitherf take a step up in management in the same fieldr or look at doing something very different from what you were doing beforre you came to school,” said Andy Chan, assistanft dean and director of the MBA caree r management center at Stanford’s Graduate School of Business.
“In a down economy employers are less willing and have less of a need for hiringh people without direct The biggest challenge today for businessw schoolgraduate students, Chan said, is the sheee number of candidates in the job There are students coming out of school, peoplre already let go by their compangy and those at unhealthy companiee perhaps anticipating work force cuts. Stanford studentsx are drawing on thebusinessx school’s staff of careedr advisers as well as alumni employed to give Each year, whether face-to-facs or via telephone, the graduater school facilitates more than 2,000 careedr counseling appointments with students and alumni, Chan said.
That doesn’y include informal conversations, such as e-mail and phone If there is any good news tobe it’s that there’s still “qa decent flow of job opportunities coming througg the office,” Chan said, though 30 percenf less than last year or the year “The good news is that we have employers who are lookinvg at people,” Chan said. “I’m not so discourager from the standpoint of no Fordsaid part-time business programs are tryingt to “gauge and guess” what’s going to happemn for fall enrollment. Initial indicators show that interestremainsw high.
Information sessions are attracting good Applications to the graduate program are even with last year about 400 competing for 225 to250 slots. The question is whether those applicationxs translateto matriculation. “We just don’t Ford said. There’s no way to know how many studentws are affected by the same scenarioas Mathur, she but the business school has begun takinbg steps to address it.
Wednesday, January 18, 2012
Medtronic
jabire2389.blogspot.com
million to competitor for damages relatedr to a patent infringement verdict from a federalCircuig Court. The court reviewed a December 2007 which claimed thatMedtronic (NYSE: MDT) had infringe d on DePuy’s patent of a line of multiaxial screwsd used in spinal surgery. The court affirmed a $149.1 million award for lost profits. But the court reversedr previous sanctions, which dropped $77.2 millionj in outright damagesand $10.65 million in attorneys’ fees and other The Vertex line of screws is no longerd on the market.
Memphis-based Medtronic Spinakl and Biologics business presidenrt Steve La Neve said theruling “haws no bearing on our current Vertex Select and OC which are other spinal systems. The case will now be remande to a trial court for calculationh of thereduced judgment, which will include amountsz both for post-judgment and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’zs largest medical device company. Its spinal and biologicx business units are based in Memphis whered itemploys 1,550.
million to competitor for damages relatedr to a patent infringement verdict from a federalCircuig Court. The court reviewed a December 2007 which claimed thatMedtronic (NYSE: MDT) had infringe d on DePuy’s patent of a line of multiaxial screwsd used in spinal surgery. The court affirmed a $149.1 million award for lost profits. But the court reversedr previous sanctions, which dropped $77.2 millionj in outright damagesand $10.65 million in attorneys’ fees and other The Vertex line of screws is no longerd on the market.
Memphis-based Medtronic Spinakl and Biologics business presidenrt Steve La Neve said theruling “haws no bearing on our current Vertex Select and OC which are other spinal systems. The case will now be remande to a trial court for calculationh of thereduced judgment, which will include amountsz both for post-judgment and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’zs largest medical device company. Its spinal and biologicx business units are based in Memphis whered itemploys 1,550.
Monday, January 16, 2012
CombinatoRx to merge with Canadian firm - Tampa Bay Business Journal:
iqukikofor.wordpress.com
Under the terms of the Cambridge, Mass.-based CombinatoRx will issue sharee of common stock to Neuromed stockholders so post merger, each companies’ shareholders will have 50 percent of the votinh power in the combinedx company. The deal is closely tied to a recenft transaction that saw Neuromed sell the commercial rights toits pain-management drug candidater Exalgo to , a subsidiarh of That agreement included an upfrontr payment of $15 million and several potential milestone payments and relate compensation if certain commercial benchmarks are met. Thosr payouts also could alter the ownership composition of the newlyhmerged company.
For example, if Exalgo is approvecd by thebefore 2010, CombinatoRxx shareholders will see their ownership stakee in the combined company slip to 30 percent. If the drug does not win FDA approvaplby 2011, CombinatoRx shareholders will then assume a 70 perceng ownership stake in the according to regulatory Alexis Borisy will step down as president and CEO of CombinatoRd to pursue other activities. Borisy will suppor t CombinatoRx as a member of its scientififcadvisory board, according to the company.
The boards of directors of both CombinatoRx and Neuromedd have approved the proposedmergert transaction, which is subject to customary closingg conditions, including receipt of various required approvals from the CombinatoRx and Neuromeds stockholders. In May, CombinatoRx (Nasdaq: CRXX) said it narrowedr its net loss for the first quarteer amid aggressive cost cutting that includes laying off almost half its staff and slashesa to its research anddevelopment budget.
Under the terms of the Cambridge, Mass.-based CombinatoRx will issue sharee of common stock to Neuromed stockholders so post merger, each companies’ shareholders will have 50 percent of the votinh power in the combinedx company. The deal is closely tied to a recenft transaction that saw Neuromed sell the commercial rights toits pain-management drug candidater Exalgo to , a subsidiarh of That agreement included an upfrontr payment of $15 million and several potential milestone payments and relate compensation if certain commercial benchmarks are met. Thosr payouts also could alter the ownership composition of the newlyhmerged company.
For example, if Exalgo is approvecd by thebefore 2010, CombinatoRxx shareholders will see their ownership stakee in the combined company slip to 30 percent. If the drug does not win FDA approvaplby 2011, CombinatoRx shareholders will then assume a 70 perceng ownership stake in the according to regulatory Alexis Borisy will step down as president and CEO of CombinatoRd to pursue other activities. Borisy will suppor t CombinatoRx as a member of its scientififcadvisory board, according to the company.
The boards of directors of both CombinatoRx and Neuromedd have approved the proposedmergert transaction, which is subject to customary closingg conditions, including receipt of various required approvals from the CombinatoRx and Neuromeds stockholders. In May, CombinatoRx (Nasdaq: CRXX) said it narrowedr its net loss for the first quarteer amid aggressive cost cutting that includes laying off almost half its staff and slashesa to its research anddevelopment budget.
Saturday, January 14, 2012
Moonrise Kingdom: Trailer for New Wes Anderson Film - Bangstyle
acklinegymejac1362.blogspot.com
Bangstyle | Moonrise Kingdom: Trailer for New Wes Anderson Film Bangstyle The first trailer for Wes Anderson's upcoming film, Moonrise Kingdom has fin » |
Thursday, January 12, 2012
Mililani in drivers seat for tourney top seed after beating Pearl City 46-36 - MyPearlCity
ignatiywulyxura.blogspot.com
MyPearlCity | Mililani in drivers seat for tourney top seed after beating Pearl City 46-36 MyPearlCity The Mililani Lady Trojans put themselves in the drivers seat for the tourney top seed in their division after beating Pearl City 46-36 in Oahu Interscholastic Association Red Division Girls Varsity Basketball action played on Saturday, January 7, ... |
Tuesday, January 10, 2012
American Airlines grounds more flights - Boston Business Journal:
pabigy.wordpress.com
A two-day total of 12 flights arrivingv into Logan and 18 flightsx departing from the airportwere cancelled, accordingv to a spokesperson for , which operatews Logan Airport. Wednesday's groundings come aftedr the airline cancelled more than 500 flights Tuesday to conduct additional inspections ofits MD-80 fleet to complyh with safety directives from the . The a unit of Fort Worth, Texas-basesd (NYSE: AMR), says the inspections were related to the bundlintg of wires inthe aircraft's wheel These inspections, based on FAA are related to detailed, technical compliance issues and not "safety-of-flightg issues," the airline stated.
The which operates about 2,300 daily is the world's largest. It has more than 13 perceny of the marketat Logan, according to the 2007 editionn of the Boston Business Journal Book of Lists. "We'v been working in good faith to ensures that we are in complete complianced with thisairworthiness directive," said Americah CEO Gerard Arpey. "Wer regret and apologize that we are once again causingv inconvenience toour customers, but we will continue to work in good faitj until we satisfy all of the technical issues relater to this airworthiness American says it will rebook passengersx on other American flights or on flights operatedx by airlines in the same market.
Americabn canceled hundreds of flights just two weeks ago for safetyt concerns onits MD-80 About 300 aircraft were inspected for faulty wirinyg on the auxiliary hydraulic systems and 149 needede repairs.
A two-day total of 12 flights arrivingv into Logan and 18 flightsx departing from the airportwere cancelled, accordingv to a spokesperson for , which operatews Logan Airport. Wednesday's groundings come aftedr the airline cancelled more than 500 flights Tuesday to conduct additional inspections ofits MD-80 fleet to complyh with safety directives from the . The a unit of Fort Worth, Texas-basesd (NYSE: AMR), says the inspections were related to the bundlintg of wires inthe aircraft's wheel These inspections, based on FAA are related to detailed, technical compliance issues and not "safety-of-flightg issues," the airline stated.
The which operates about 2,300 daily is the world's largest. It has more than 13 perceny of the marketat Logan, according to the 2007 editionn of the Boston Business Journal Book of Lists. "We'v been working in good faith to ensures that we are in complete complianced with thisairworthiness directive," said Americah CEO Gerard Arpey. "Wer regret and apologize that we are once again causingv inconvenience toour customers, but we will continue to work in good faitj until we satisfy all of the technical issues relater to this airworthiness American says it will rebook passengersx on other American flights or on flights operatedx by airlines in the same market.
Americabn canceled hundreds of flights just two weeks ago for safetyt concerns onits MD-80 About 300 aircraft were inspected for faulty wirinyg on the auxiliary hydraulic systems and 149 needede repairs.
Saturday, January 7, 2012
Avalon's cancer drug heads to midstage testing - Washington Business Journal:
axilecyqih.wordpress.com
Phase II is the midpoint of human testing for a drug underclinical development. Generally speaking, the firsty phase tests for safety, the second phase tests for safety and while the third and pivotal phase tests for efficacy in a larger patient population. Germantown-based Avalon said the midstage studty of its experimental drug AVN944 is open for enrollment as patiente are being evaluated to beginbstudy treatment. The first active site is Yale University's cancer Avalon (NASDAQ: AVRX) said it expects to enroll patients at about 15 sites for the PhaseII trial, whichu will be conducted in two parts.
The firstg part of the trial will enrollp about 15 to20 patients, while the second part of the triapl will include approximately 110 to 120 "We believe AVN944 has the potential to provider patient benefit in several cancer Avalon President and CEO Kenneth Carter said in a Avalon filed an investigational new drug application with the U.S. Food and Drug Administrationn in August 2005 and began Phaswe I clinical trials in the United States in Januaruy 2006 for the treatment ofhematological cancers.
Phase II is the midpoint of human testing for a drug underclinical development. Generally speaking, the firsty phase tests for safety, the second phase tests for safety and while the third and pivotal phase tests for efficacy in a larger patient population. Germantown-based Avalon said the midstage studty of its experimental drug AVN944 is open for enrollment as patiente are being evaluated to beginbstudy treatment. The first active site is Yale University's cancer Avalon (NASDAQ: AVRX) said it expects to enroll patients at about 15 sites for the PhaseII trial, whichu will be conducted in two parts.
The firstg part of the trial will enrollp about 15 to20 patients, while the second part of the triapl will include approximately 110 to 120 "We believe AVN944 has the potential to provider patient benefit in several cancer Avalon President and CEO Kenneth Carter said in a Avalon filed an investigational new drug application with the U.S. Food and Drug Administrationn in August 2005 and began Phaswe I clinical trials in the United States in Januaruy 2006 for the treatment ofhematological cancers.
Thursday, January 5, 2012
Fast food dies slow death downtown - Business First of Columbus:
oryzacody.wordpress.com
But good luck finding staples like theBig Mac, Whoppeer and or a singl with cheese. The nation’s major fast-foof chains, with nearly 50,000 restaurants around the worl d between the big three burgerchainsx alone, are easy to find almostg anywhere in Central Ohio – just not within a few walkablw blocks of downtown and its tens of thousands of weekdayy workers. When the lights went out on a McDonald’sz in one of ’s towers Dec. 5, the downtown lunchg scene got a littleless corporate. “Any property owner would love to have fast food as a saidCleve Ricksecker, executive director of the Capital Crossroads Speciapl Improvement District downtown.
“Am I personally distraught No.” Said downtown restaurant ownert Jeff Mathes offast food’s “As an independent owner and an urbanite, I thinok it’s OK.” It seems the chains McDonald’s Corp. has a restaurant, outfitted with a drive-through just beyond downtown at Grant and Main but none in the centralbusiness district. has no outleta near downtown, and Wendy’s/ has a Wendy’sa in the neighboring Brewery District butno , with more than 35,000 dining spots and the operatorf of KFC and Taco Bell, also has none Ricksecker said the district does featurd several good independent restaurants, as well as some lower-profilew fast-casual chains such as and , ownec by And one major player standa out: Subway, owned by Doctor’ds Associates Inc.
, has seven sandwich shopx scattered throughout downtown. Suburban, not urban The lack of fast-fooe spots downtown seems to boil down to too much cost and notenougb sales. Ricksecker said that whilde independent restaurants can be flexible to keep costs chains with myriad company requirements and standards are more rigide financiallyand operationally. And they face hours of operatiom that areshorter downtown, which can limir revenue.
“They only have one meal – said Randy Sokol, vice president of in Columbus, which specializes in restaurant Downtown restaurants alsolack drive-through windows, where the industry generatexs 70 percent of sales, according to trade publication QSR Subway, by contrast, doesn’t rely on drive-througha and has a financial and operational approachh better suited to shopping centers and urban Wendy’s echoed those reasons when it closed its three downtown restaurants in the past three including the chain’s original restaurant at 257 E. Broad St., which company founder Dave Thomas openedin 1969.
The originalp location, for example, was pulling in just abouf half ofthe $1.4 milliobn annual sales average of company-owned stores. “It’s pretty straightt cut. The downtown store has no drive-through window or pickupo window, night business is little, and weekenx business is virtually zero,” Wendy’s spokesman Denn Lynch said when the originalk store closed inMarch 2007. “Stores in the suburbs just do Dan Williamson, spokesman for Mayor Mike Coleman, said the mayofr doesn’t like that jobs leavde downtown, but he sees that the number of locally ownedx restaurants gives the city an advantage. And therer are other non-business benefits.
“It isn’t such a bad thinhg if you don’t have some less-healthy he said. “Fast food is good for but badfor health.” Fast food may not thrive downtown, but Wendy’s and Taco Bell restaurantsx in and around nearby are active, and some of them includee suburban-style drive-throughs. The bigger Ricksecker said, is demographics. Downtown office workers are more likely to gravitate toward healthier and independentrestaurant offerings, but fast food is aimeds squarely at the college-aged. Mathes may cite improved healt asa plus, but he has also benefited from the departurd of fast food from downtown.
Mathes and developeer Sam Horner are converting aformer two-story Wendy’s at Springt and High streets into a Latin-theme restaurant namede Barrio. The restaurant space isn’t the only downtown fast-foord spot finding a new life. A formerr Arby’s at 45 N. High St. is beiny converted into offices, though the original Wendy’as sits vacant. As for the Nationwidre McDonald’s, executives with the insuref saidthey haven’t decided what to do with the 6,000-square-foott space, but one rumor has a familia name headed there –
But good luck finding staples like theBig Mac, Whoppeer and or a singl with cheese. The nation’s major fast-foof chains, with nearly 50,000 restaurants around the worl d between the big three burgerchainsx alone, are easy to find almostg anywhere in Central Ohio – just not within a few walkablw blocks of downtown and its tens of thousands of weekdayy workers. When the lights went out on a McDonald’sz in one of ’s towers Dec. 5, the downtown lunchg scene got a littleless corporate. “Any property owner would love to have fast food as a saidCleve Ricksecker, executive director of the Capital Crossroads Speciapl Improvement District downtown.
“Am I personally distraught No.” Said downtown restaurant ownert Jeff Mathes offast food’s “As an independent owner and an urbanite, I thinok it’s OK.” It seems the chains McDonald’s Corp. has a restaurant, outfitted with a drive-through just beyond downtown at Grant and Main but none in the centralbusiness district. has no outleta near downtown, and Wendy’s/ has a Wendy’sa in the neighboring Brewery District butno , with more than 35,000 dining spots and the operatorf of KFC and Taco Bell, also has none Ricksecker said the district does featurd several good independent restaurants, as well as some lower-profilew fast-casual chains such as and , ownec by And one major player standa out: Subway, owned by Doctor’ds Associates Inc.
, has seven sandwich shopx scattered throughout downtown. Suburban, not urban The lack of fast-fooe spots downtown seems to boil down to too much cost and notenougb sales. Ricksecker said that whilde independent restaurants can be flexible to keep costs chains with myriad company requirements and standards are more rigide financiallyand operationally. And they face hours of operatiom that areshorter downtown, which can limir revenue.
“They only have one meal – said Randy Sokol, vice president of in Columbus, which specializes in restaurant Downtown restaurants alsolack drive-through windows, where the industry generatexs 70 percent of sales, according to trade publication QSR Subway, by contrast, doesn’t rely on drive-througha and has a financial and operational approachh better suited to shopping centers and urban Wendy’s echoed those reasons when it closed its three downtown restaurants in the past three including the chain’s original restaurant at 257 E. Broad St., which company founder Dave Thomas openedin 1969.
The originalp location, for example, was pulling in just abouf half ofthe $1.4 milliobn annual sales average of company-owned stores. “It’s pretty straightt cut. The downtown store has no drive-through window or pickupo window, night business is little, and weekenx business is virtually zero,” Wendy’s spokesman Denn Lynch said when the originalk store closed inMarch 2007. “Stores in the suburbs just do Dan Williamson, spokesman for Mayor Mike Coleman, said the mayofr doesn’t like that jobs leavde downtown, but he sees that the number of locally ownedx restaurants gives the city an advantage. And therer are other non-business benefits.
“It isn’t such a bad thinhg if you don’t have some less-healthy he said. “Fast food is good for but badfor health.” Fast food may not thrive downtown, but Wendy’s and Taco Bell restaurantsx in and around nearby are active, and some of them includee suburban-style drive-throughs. The bigger Ricksecker said, is demographics. Downtown office workers are more likely to gravitate toward healthier and independentrestaurant offerings, but fast food is aimeds squarely at the college-aged. Mathes may cite improved healt asa plus, but he has also benefited from the departurd of fast food from downtown.
Mathes and developeer Sam Horner are converting aformer two-story Wendy’s at Springt and High streets into a Latin-theme restaurant namede Barrio. The restaurant space isn’t the only downtown fast-foord spot finding a new life. A formerr Arby’s at 45 N. High St. is beiny converted into offices, though the original Wendy’as sits vacant. As for the Nationwidre McDonald’s, executives with the insuref saidthey haven’t decided what to do with the 6,000-square-foott space, but one rumor has a familia name headed there –
Tuesday, January 3, 2012
Interim state budget in the works - Business First of Columbus:
azajir.wordpress.com
The office of Senate PresidentBill R-Ashland, said legislators are scheduled to take up the state industriap commission budget in the Expected to be tacked onto that bill is an amendmeny that would provide for an interim budgetr through July 7 and allowing Gov. Ted Strickland to tap the state’as rainy day fund to balance the budgegt for thisfiscal year. The temporary budget for the government’d fiscal year starting Wednesday callw for fully funding debt servicr but funding state operations at 70 percenr of spending levels through the yearendingg Tuesday.
Harris’ office said that is roughly the fundingf level in a finalk budget that both Statehouse chambers are working to finalize through a conference Those talks, however, remain tied up becausse Senate Republicans, the majority in that oppose Strickland’s plan to install video slot machines at the state’s horse racing tracks and use that revenue stream to help plug a projecter $3.2 billion budget gap without voter approval.
Harrias said Saturday that should Strickland exercise his authorityt to allow slots at racing the Senate will account forthe “However, I cannot get past the fact that the voterxs of Ohio – our constituents – have spoken on expandes gambling time and again,” Harrisw said in prepared text. “Asking the to circumventy their will in such a short time frame when therwe has been no formap public debate and there are so many questions left unansweredis unreasonable.” Strickland responded Sunday, criticizinb the Senate for offering objections but not solutionss to the budget shortfall.
“I continuee to wait for them to say what taxes they wouled increase or what services they would further reduc to address thebudget gap,” Strickland said in a preparesd statement.
The office of Senate PresidentBill R-Ashland, said legislators are scheduled to take up the state industriap commission budget in the Expected to be tacked onto that bill is an amendmeny that would provide for an interim budgetr through July 7 and allowing Gov. Ted Strickland to tap the state’as rainy day fund to balance the budgegt for thisfiscal year. The temporary budget for the government’d fiscal year starting Wednesday callw for fully funding debt servicr but funding state operations at 70 percenr of spending levels through the yearendingg Tuesday.
Harris’ office said that is roughly the fundingf level in a finalk budget that both Statehouse chambers are working to finalize through a conference Those talks, however, remain tied up becausse Senate Republicans, the majority in that oppose Strickland’s plan to install video slot machines at the state’s horse racing tracks and use that revenue stream to help plug a projecter $3.2 billion budget gap without voter approval.
Harrias said Saturday that should Strickland exercise his authorityt to allow slots at racing the Senate will account forthe “However, I cannot get past the fact that the voterxs of Ohio – our constituents – have spoken on expandes gambling time and again,” Harrisw said in prepared text. “Asking the to circumventy their will in such a short time frame when therwe has been no formap public debate and there are so many questions left unansweredis unreasonable.” Strickland responded Sunday, criticizinb the Senate for offering objections but not solutionss to the budget shortfall.
“I continuee to wait for them to say what taxes they wouled increase or what services they would further reduc to address thebudget gap,” Strickland said in a preparesd statement.
Sunday, January 1, 2012
Jacksonville Business Journal:
polinaagyvtiwu.blogspot.com
"Virtually any employee who is attractived to a business is attractive to other organizations as and health care isthe No. 1 thinh employees ask about after compensation," Tassey But if you've never offered a healtnh plan at your business the research process can plunge you into an unfamilia r world ofacronyms - HMO, PPO, HSA- and the optione can be overwhelming. So if it's your firsty trip into the waters of healtghinsurance shopping, you would probably be wise to work with a brokerr or insurance adviser.
Health insuranc e can be a confusing consumer decisiobto make, and having a trained professional on your side can make all the notes Tassey, who recommends that people ask trusteds friends, family, or professional contacts what brokef they work with to obtainm a good list of potential If you can't get a referral that way and have to resort to cold-calling brokers, ask for the names of two or three of theid clients who you can call to ask how satisfiex they are with the service they're receiving. Tasseyh says it's the least you can do when choosingf the individual who will handle one of your most important internalbusinessa decisions.
"You want to be dealing with an insurances adviser who has experience inyour market, and it's very appropriate and very much expected for you to ask that persoh for a couple of references," he says. "If you're in a small business, you'vwe got your family and your business, and probably a pet. But if you're going to marry your life toa business, it pays to take the extra minute and check those references. Once you've found a Tassey says he or she will help you consider what kind of plansto offer.
He says a good broker oftenh can give you a picture of what kind of healtyh care plans are most common in your industr y or for businesses of your size so that you can stay If you're offering a healtj benefit for the first time, you'l also need to think about how much of the cost of your employees' health insurance expenses you're williny and able to pay, and whether or not you're willingf to pay for health care for dependents of And will you require new employees to work for your companuy for a certain amount of time befores qualifying for benefits?
If you have a small businesw and choose to research insurancse plans independently, without a broker, one pieces of information might save you some time. Tasseyh says the fact of the matter is that wherea 500-employeer business has some bargaining powerr when it comes to their health plan small groups are usually quoted a uniformm price based on and it typically doesn't leave a lot of room for Speaking of price tags, another tip is When it comes to choosing a healthj plan, the bottom line is not always the bottom That's to say that while cost is a major concerb for almost anyone shopping for health insurances coverage these days, what you get for the monehy should be considered along with the price tag.
Janicse Torrez. of Blue Cross and Blue Shieldf ofNew Mexico, recommends groups and individuals consider the restrictiona or options that come with certain plans. For Torrez says, a plan that placexs no restrictions on what physician a membe can see might come at ahigher Likewise, a plan with a low monthly premium could sporf some whopping out-of-pocket expenses should one need a service like home healty care, hospital stays, or medical The LIFE organization advises when shopping for a healt h care plan, businesses and individuals start by considering what health-related services are important to them.
Includedx in the list of services to consider are inpatient hospital outpatient surgery, office visits, medical tests and prescription drugs, home health care physical therapy, maternity care, preventative care for infants and children, and healthy screenings. Then compare the cost of plans that offer youthose
"Virtually any employee who is attractived to a business is attractive to other organizations as and health care isthe No. 1 thinh employees ask about after compensation," Tassey But if you've never offered a healtnh plan at your business the research process can plunge you into an unfamilia r world ofacronyms - HMO, PPO, HSA- and the optione can be overwhelming. So if it's your firsty trip into the waters of healtghinsurance shopping, you would probably be wise to work with a brokerr or insurance adviser.
Health insuranc e can be a confusing consumer decisiobto make, and having a trained professional on your side can make all the notes Tassey, who recommends that people ask trusteds friends, family, or professional contacts what brokef they work with to obtainm a good list of potential If you can't get a referral that way and have to resort to cold-calling brokers, ask for the names of two or three of theid clients who you can call to ask how satisfiex they are with the service they're receiving. Tasseyh says it's the least you can do when choosingf the individual who will handle one of your most important internalbusinessa decisions.
"You want to be dealing with an insurances adviser who has experience inyour market, and it's very appropriate and very much expected for you to ask that persoh for a couple of references," he says. "If you're in a small business, you'vwe got your family and your business, and probably a pet. But if you're going to marry your life toa business, it pays to take the extra minute and check those references. Once you've found a Tassey says he or she will help you consider what kind of plansto offer.
He says a good broker oftenh can give you a picture of what kind of healtyh care plans are most common in your industr y or for businesses of your size so that you can stay If you're offering a healtj benefit for the first time, you'l also need to think about how much of the cost of your employees' health insurance expenses you're williny and able to pay, and whether or not you're willingf to pay for health care for dependents of And will you require new employees to work for your companuy for a certain amount of time befores qualifying for benefits?
If you have a small businesw and choose to research insurancse plans independently, without a broker, one pieces of information might save you some time. Tasseyh says the fact of the matter is that wherea 500-employeer business has some bargaining powerr when it comes to their health plan small groups are usually quoted a uniformm price based on and it typically doesn't leave a lot of room for Speaking of price tags, another tip is When it comes to choosing a healthj plan, the bottom line is not always the bottom That's to say that while cost is a major concerb for almost anyone shopping for health insurances coverage these days, what you get for the monehy should be considered along with the price tag.
Janicse Torrez. of Blue Cross and Blue Shieldf ofNew Mexico, recommends groups and individuals consider the restrictiona or options that come with certain plans. For Torrez says, a plan that placexs no restrictions on what physician a membe can see might come at ahigher Likewise, a plan with a low monthly premium could sporf some whopping out-of-pocket expenses should one need a service like home healty care, hospital stays, or medical The LIFE organization advises when shopping for a healt h care plan, businesses and individuals start by considering what health-related services are important to them.
Includedx in the list of services to consider are inpatient hospital outpatient surgery, office visits, medical tests and prescription drugs, home health care physical therapy, maternity care, preventative care for infants and children, and healthy screenings. Then compare the cost of plans that offer youthose
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