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A federal court determined Thursday the case filed by the Louisiansa Municipal Police Retirement System belongs inlocalp courts, one week aftee Regions pushed for it to be heardd in federal court. Stilol at stake is the previous Jefferson County ruling that froze RegionsFinancial Corp. executives’ compensationh until the lawsuit is In the pension fund lawsuit filedin May, the retirement systekm claimed Regions executives misled investors through “falsification of Regions financial statements” aboutf its acquisition of AmSouth Bancorp. On June 23, Jeffersonj County Circuit Court JudgerHouston L.
Brown froze awards and compensation paid to Region s executives forits $10 billion acquisition of AmSouth Bancorp, but that was overturned when the case was movef to federal court. U.S. District Judged Inge Prytz Johnson remanded the case back to Jeffersohn County Circuit Court but retained a temporary restraining order on thecompensation freeze. In an e-maile d statement, Regions noted the judge “foundc the temporary restraining order questionable at best and expressed concerjn about an order granted against unnamed and unidentified parties.
” The original ordedr would have blocked “tens of millions of worth of incentive pay awardesd the company’s top 25 for 2006-2008, according to court documents. The Louisiana Municipal Policw Employees Retirement System has morethan $1.6 billiohn in assets. Its lawsuit makes specific allegationsregarding Regions’ actions during its acquisitioj of AmSouth including: • A Securitiees and Exchange Commission merger filing falsely reported the valuse of the combined entity’s assets, loanxs and shareholder equity. • Regions falsely reported its goodwill balancwe in March 2007 SEC filing for end ofyear $11.6 billion goodwill balance.
• In April Regions’ assets and shareholders’ equity was falselhy stated. • Regions said its thirc quarter 2008 goodwill was unimpairede then in January 2009reportexd $5.6 billion loss “driven largelyy by $6 billion, non-cash charge for impairment of goodwill.”
Thursday, November 29, 2012
Tuesday, November 27, 2012
Women in combat? We are already there - Washington Post (blog)
zlatkopaisley1275.blogspot.com
Women in combat? We are already there Washington Post (blog) Should women be fighting alongside men in Afghanistan? That's hard for me to say, since I think it's long past time the men, too, came home. Four women warriors filed suit against Defense Secretary Leon E. Panetta on Tuesday, demanding that the ... |
Monday, November 26, 2012
Bauer Financial issues Q1 credit union ratings - South Florida Business Journal:
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The company uses federal regulatoryg data to rate credit unions based oncapital profit/loss trend, delinquent loans and othet factors. Bauer's rating ranks from a high of 5 staras to a low of0 stars. Of the 10 largesy South Florida credit unionsby assets, six maintainex a five-star (superior) rating: IBM Southeast Employees Credi Union and Brightstar Credit Union held on to their four stars (excellent) in the firsf quarter. They had been downgraded from five star in thethird quarter. Priorithy One Credit Union in Sunrise fell from to threed stars from four starw in the first quartertwith 69.9 million in assets, 1.6 percent of whicn were nonperforming.
, South Florida’s second-largesr credit union with $738 million in held on to its threed stars in thefirst quarter. It was downgraded to threew stars (adequate) from four stars in the fourth quarter. The Pembroke Pines-basef credit union counted 1.74 percent of its assete as nonperforming. First Choice in West Palm Beach also hadthree stars. , the largest in South Floridsawith $1.62 billion in remained the only credit union in the state ratecd zero stars by Bauer. The Miramar-based credit union counted 8.6 perceny of its assets as nonperforming. It was place d into conservatorship by Florida regulators on April 24 aftedr heavy losses and the oustexits management.
Space Coast Credit Unionj has shown an in acquiringbEastern Financial.
The company uses federal regulatoryg data to rate credit unions based oncapital profit/loss trend, delinquent loans and othet factors. Bauer's rating ranks from a high of 5 staras to a low of0 stars. Of the 10 largesy South Florida credit unionsby assets, six maintainex a five-star (superior) rating: IBM Southeast Employees Credi Union and Brightstar Credit Union held on to their four stars (excellent) in the firsf quarter. They had been downgraded from five star in thethird quarter. Priorithy One Credit Union in Sunrise fell from to threed stars from four starw in the first quartertwith 69.9 million in assets, 1.6 percent of whicn were nonperforming.
, South Florida’s second-largesr credit union with $738 million in held on to its threed stars in thefirst quarter. It was downgraded to threew stars (adequate) from four stars in the fourth quarter. The Pembroke Pines-basef credit union counted 1.74 percent of its assete as nonperforming. First Choice in West Palm Beach also hadthree stars. , the largest in South Floridsawith $1.62 billion in remained the only credit union in the state ratecd zero stars by Bauer. The Miramar-based credit union counted 8.6 perceny of its assets as nonperforming. It was place d into conservatorship by Florida regulators on April 24 aftedr heavy losses and the oustexits management.
Space Coast Credit Unionj has shown an in acquiringbEastern Financial.
Sunday, November 25, 2012
Criminal charges in Garrett Reid death investigation rest on seldom-used law - The Express Times - LehighValleyLive.com
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The Express Times - LehighValleyLive.com | Criminal charges in Garrett Reid death investigation rest on seldom-used law The Express Times - LehighValleyLive.com Three months into the investigation into Garrett Reid's death, Northampton County's district attorney acknowledged it will be an uphill battle to convict the person who provided him with his fatal d ose of heroin. The son of Philadelphia Eagles head ... |
Thursday, November 22, 2012
Al-Baik 4th local popular brand in Mideast - Zawya (registration)
vlastaowibopaj.blogspot.com
Al-Baik 4th local popular brand in Mideast Zawya (registration) Jeddah's popular fast food chain Al-Baik came as fourth local popular brand in the Middle East version of the 2012 Global Brand Simplicity Index survey. US-based global strategic branding agency Siegel+Gale conducted the survey. In an overall listing ... |
Monday, November 19, 2012
ING wins more time to sell assets, repay aid - Reuters
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The Guardian | ING wins more time to sell assets, repay aid Reuters AMSTERDAM/BRUSSELS (Reuters) - Dutch banking and insurance group ING has won more time from regulators to shed assets and repay government aid, avoiding a fire sale but keeping it under state supervision for longer and delaying dividend payments ... ING Wins More Time From EU to S ell Its Insurance Business |
Sunday, November 18, 2012
GM files bankruptcy - Atlanta Business Chronicle:
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billion and assets of $82.2 billion. The bankruptcy, filed in New lists unsecured claims bythe ($20. billion) and the International Union of Electronic, Salaried, Machine and Furniture Workers/Communication Workers ($2.7 billion). Other unsecured debt listed in the filingincludeas $22.8 billion serviced by and $4.5 billiohn by . Boca Raton-basef has a claim for $4.75 million, accordinv to the petition, filed with the U.S. Bankruptcy Court of the Southernm District ofNew York. Auto retailers that survivw the bankruptcies of GM and which filedin April, hope it helps to pave the way to recoverty in the industry.
“Today’s action will allowe GM to move forwarsd and be competitive inthe marketplace,” spokesma n Marc Cannon said Monday in an e-mailer statement. “The goal of making GM profitable ata new-unit selling rate will position them for when the industry begina to recover later in 2010.” Fort Lauderdale-based the nation's largest auto retailer, has six GM franchisexs and seven Chrysler franchisee on the automakers’ closure lists. Although viewerd as inevitable and necessaryby many, Chairman John McEleney said in a news releas that the filing marks “a historically sad day for Americanm business.
” Chrysler is expected to emergwe from its Chapter 11 process soon afte r shuttering 789 dealerships. GM also announcedf plans to close 1,100 dealerships. GM announcedr April 27 that it anticipates reducinyits U.S. dealer count from 6,246 to 3,6045 by the end of 2010. Dealership closings already have According toAssociated Press, GM will rely on more government $30 billion of additional financiall assistance from the and $9.5 billion from Canada, on top of abouft $20 billion it already received in low-interesgt loans.
GM’s lead bankruptcy law firm is WeilGotshaw Manges, with attorney Stephen Karotkin signing the In a news release, the automaker said it wouldc focus on the following priorities when emerginy from bankruptcy: Focus on four core brands in the U.S. Chevrolet, Cadillac, Buick and GMC - with fewe nameplates and a more competitive level of marketingb supportper brand. Close a competitivd gap in active labord costs compared with foreign auto Increase the percentageof U.S. salesd manufactured domestically. Feature lower costs at a U.S.
total industr volume of approximately 10million vehicles, which would be substantiallyy below the 15 million to 17 milliob annual vehicle sales rates recordedx between 1995 and 2007. Achievwe lower structural costs, in part, by further reducin 2009 salaried employment in North America toapproximatelyt 27,200, from a year-end total of and continue to improve its balanc sheet by reducing retiree benefits for salaried retirees and non-UAe hourly retirees. Increase its investment in fuel economy and advancedpropulsioh technologies. Click to read the petition.
billion and assets of $82.2 billion. The bankruptcy, filed in New lists unsecured claims bythe ($20. billion) and the International Union of Electronic, Salaried, Machine and Furniture Workers/Communication Workers ($2.7 billion). Other unsecured debt listed in the filingincludeas $22.8 billion serviced by and $4.5 billiohn by . Boca Raton-basef has a claim for $4.75 million, accordinv to the petition, filed with the U.S. Bankruptcy Court of the Southernm District ofNew York. Auto retailers that survivw the bankruptcies of GM and which filedin April, hope it helps to pave the way to recoverty in the industry.
“Today’s action will allowe GM to move forwarsd and be competitive inthe marketplace,” spokesma n Marc Cannon said Monday in an e-mailer statement. “The goal of making GM profitable ata new-unit selling rate will position them for when the industry begina to recover later in 2010.” Fort Lauderdale-based the nation's largest auto retailer, has six GM franchisexs and seven Chrysler franchisee on the automakers’ closure lists. Although viewerd as inevitable and necessaryby many, Chairman John McEleney said in a news releas that the filing marks “a historically sad day for Americanm business.
” Chrysler is expected to emergwe from its Chapter 11 process soon afte r shuttering 789 dealerships. GM also announcedf plans to close 1,100 dealerships. GM announcedr April 27 that it anticipates reducinyits U.S. dealer count from 6,246 to 3,6045 by the end of 2010. Dealership closings already have According toAssociated Press, GM will rely on more government $30 billion of additional financiall assistance from the and $9.5 billion from Canada, on top of abouft $20 billion it already received in low-interesgt loans.
GM’s lead bankruptcy law firm is WeilGotshaw Manges, with attorney Stephen Karotkin signing the In a news release, the automaker said it wouldc focus on the following priorities when emerginy from bankruptcy: Focus on four core brands in the U.S. Chevrolet, Cadillac, Buick and GMC - with fewe nameplates and a more competitive level of marketingb supportper brand. Close a competitivd gap in active labord costs compared with foreign auto Increase the percentageof U.S. salesd manufactured domestically. Feature lower costs at a U.S.
total industr volume of approximately 10million vehicles, which would be substantiallyy below the 15 million to 17 milliob annual vehicle sales rates recordedx between 1995 and 2007. Achievwe lower structural costs, in part, by further reducin 2009 salaried employment in North America toapproximatelyt 27,200, from a year-end total of and continue to improve its balanc sheet by reducing retiree benefits for salaried retirees and non-UAe hourly retirees. Increase its investment in fuel economy and advancedpropulsioh technologies. Click to read the petition.
Thursday, November 15, 2012
What
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Web domain registries will grow from 21 now the most common onesbeing .com, .org and .biz — to hordes of dot-whateverxs starting in 2009. The optiomn to customize domains is expected to leadto brand-tailored Internert registries such as .coca-cola or .ibm, or genre registriew with potentially massive cachet, such as .sports, .car and the like. Even companiess with no interest in havingb their own domains shouldtake note, becauss the potentially endless permutations of Web addressesw will complicate life for businesses alreadyg guarding against knock-off Web sites and onlins appropriation of their trademarks, said Erin a trademark and brand management attorney with Denver-baserd law firm Dorsey & Whitney LLP.
“It’sd going to affect their budget to police their Hogan said. “The costs are goinfg to increase exponentially.” Custom domain owners will be able to creatw their ownbrand “islands” on the Internet, with the powerr to issue brand-associated e-mail addresses and possiblg keep competing brands from having a presence in theirr domains. Much of the new namin process remains indraft form, and the effects of the rollouty could take several months to understand, said Tim vice president of corporate development and policy at Scottsdale-basef , the largest domain-registration company in the world.
“Go Daddy’ds main focus is providing our customersz with what theyfind valuable,” he “At this time, the publicf has a lot of questions and concernz for (the Internet Corp. for Assigne Names and Numbers) abouty the process and whetherd the free market will really be the decidinf factor in the introduction of thenew (domain and their success or failure.” , the Santw Clara, Calif.-based organization that manages international Web domains and settles disputes over them, still is writing final rulesx on how to manage the change. The group was acceptiny recommendationsthrough Dec.
8 and is scheduled to issue finalo rules in early 2009 beforde starting to take applications for new domains in ICANNcharges $185,000 to apply for new top-levelk domains, which may be only partly refundable, Hogah said. That expense alone could keep domaih “squatters” from seizing populafr words and brands. Businesses defensively register Web addressesa thatincorporate sound-alike terms or misspellingzs of their own company name and products, buyin g variations of them in the most popular domain .com, .net and .biz.
Go Daddy could be a large benefactor of a potentiakl change if thousands or millions of new domainsare established, but the companu is waiting to see what comes from futured drafts, Ruiz said. The new domainm system could create opportunities for phishing scammers who set up phonty Web sites to steal identities from customersbelievingg they’re on a company’s legitimat e site. Monitoring the Internet alreadyis time-consuming, especially for businessezs whose products or services have becomd synonymous with an industry niche. Theresa manager of legal services atFort Collins, Colo.-base Water Pik Inc.
, spends time every week seeking out online sales of competing dentap water jets that play off the well-know Waterpik brand. The 150-employese company owns www.waterpick.com and othere Web addresses using common misspellings of its It pays an outside firm to tracjk Website registrations. She can only imagine how much hardetr the job will become with potentially endless varieties ofdomai names. “It’s already difficult enough to do it with what theresis now,” Rickets said. ICANN establisherd rules to stopthe practice, common in the early days of the of speculators registering and then ransomingy domain names of well-known brands.
Draft rules for custon domain registries include protections meanty to prevent similar exploitation ofestablished trademarks. But companies not monitorinb applications for new domains in comint months could find themselves in an expensivde gameof catch-up, Hogan said. They also coulc miss opportunities to further their brand onlind innew ways. “Companies can’t sit back and wait and Hogan said. “Being a dot-com now is incrediblyy valuable, but relying on that continuing isreally shortsighted.” Greg Avery is a staffr writer with the Denver Businesd Journal, a sister publication.
Phoenix Businessz Journal reporterPatrick O’Grady contributed to this
Web domain registries will grow from 21 now the most common onesbeing .com, .org and .biz — to hordes of dot-whateverxs starting in 2009. The optiomn to customize domains is expected to leadto brand-tailored Internert registries such as .coca-cola or .ibm, or genre registriew with potentially massive cachet, such as .sports, .car and the like. Even companiess with no interest in havingb their own domains shouldtake note, becauss the potentially endless permutations of Web addressesw will complicate life for businesses alreadyg guarding against knock-off Web sites and onlins appropriation of their trademarks, said Erin a trademark and brand management attorney with Denver-baserd law firm Dorsey & Whitney LLP.
“It’sd going to affect their budget to police their Hogan said. “The costs are goinfg to increase exponentially.” Custom domain owners will be able to creatw their ownbrand “islands” on the Internet, with the powerr to issue brand-associated e-mail addresses and possiblg keep competing brands from having a presence in theirr domains. Much of the new namin process remains indraft form, and the effects of the rollouty could take several months to understand, said Tim vice president of corporate development and policy at Scottsdale-basef , the largest domain-registration company in the world.
“Go Daddy’ds main focus is providing our customersz with what theyfind valuable,” he “At this time, the publicf has a lot of questions and concernz for (the Internet Corp. for Assigne Names and Numbers) abouty the process and whetherd the free market will really be the decidinf factor in the introduction of thenew (domain and their success or failure.” , the Santw Clara, Calif.-based organization that manages international Web domains and settles disputes over them, still is writing final rulesx on how to manage the change. The group was acceptiny recommendationsthrough Dec.
8 and is scheduled to issue finalo rules in early 2009 beforde starting to take applications for new domains in ICANNcharges $185,000 to apply for new top-levelk domains, which may be only partly refundable, Hogah said. That expense alone could keep domaih “squatters” from seizing populafr words and brands. Businesses defensively register Web addressesa thatincorporate sound-alike terms or misspellingzs of their own company name and products, buyin g variations of them in the most popular domain .com, .net and .biz.
Go Daddy could be a large benefactor of a potentiakl change if thousands or millions of new domainsare established, but the companu is waiting to see what comes from futured drafts, Ruiz said. The new domainm system could create opportunities for phishing scammers who set up phonty Web sites to steal identities from customersbelievingg they’re on a company’s legitimat e site. Monitoring the Internet alreadyis time-consuming, especially for businessezs whose products or services have becomd synonymous with an industry niche. Theresa manager of legal services atFort Collins, Colo.-base Water Pik Inc.
, spends time every week seeking out online sales of competing dentap water jets that play off the well-know Waterpik brand. The 150-employese company owns www.waterpick.com and othere Web addresses using common misspellings of its It pays an outside firm to tracjk Website registrations. She can only imagine how much hardetr the job will become with potentially endless varieties ofdomai names. “It’s already difficult enough to do it with what theresis now,” Rickets said. ICANN establisherd rules to stopthe practice, common in the early days of the of speculators registering and then ransomingy domain names of well-known brands.
Draft rules for custon domain registries include protections meanty to prevent similar exploitation ofestablished trademarks. But companies not monitorinb applications for new domains in comint months could find themselves in an expensivde gameof catch-up, Hogan said. They also coulc miss opportunities to further their brand onlind innew ways. “Companies can’t sit back and wait and Hogan said. “Being a dot-com now is incrediblyy valuable, but relying on that continuing isreally shortsighted.” Greg Avery is a staffr writer with the Denver Businesd Journal, a sister publication.
Phoenix Businessz Journal reporterPatrick O’Grady contributed to this
Sunday, November 11, 2012
St. Louis men admit to mortgage fraud scheme - Philadelphia Business Journal:
grigoriynirim.blogspot.com
Russell Todd McBride, of Creve Coeur, and Robert of O’Fallon, were charge in a 34-count indictment, Acting U.S. Attorney Michaekl Reap said Tuesday. McBride was an operatod of , which had offices locaterd in Sikeston, Cape Girardeau, St. Louie County and elsewhere. Wrolstad workecd with McBride and for Centuruy Mortgage and helped close real estate transactiond and work withtitle companies. The which occurred from at least July 2005 and continuerd throughNovember 2006, involved investoras recruited by McBride and Wrolsta purchasing real estate primariluy located in Sikeston.
The ownerds of the real estate wouldf sell the properties at or near fair markety value to investors recruited by and known to McBridd and Wrolstad but the investors paid pricess significantly greater than the actual selling pric e received by the sellers for the according tothe indictment. The investors would purchase the property at a fraudulent and overvalued price by obtaininyg loans to purchasethe property. McBride and Wrolstad obtainede appraisals, which significantly overvaluedthe properties, whichh enabled them to receive inflated loan proceedsz despite having no interest in the conveyed real the indictment alleges.
In one case a purchaserd paid $66,000 for a property that the sellert soldfor $7,500, and in another, the purchaserr paid $54,000 for property that the seller sold for according to the McBride and Wrolstad pleaded guilty to one countg of conspiracy to commit wire fraud and mail fraud, 12 countxs of wire fraud and 12 counts of mail In addition, McBride pleaded guilty to six countxs of money laundering, and Wrolstad pled guilty to three counts of moneyu laundering. Each count of wire fraud and mail fraufd carries a maximum sentence of 20 yearsx imprisonment anda $250,000 each count of money laundering carries a maximum sentence of 10 years imprisonmenft and a $250,000 fine.
The conspirac count carries a maximum punishment of 20 years imprisonmenf anda $250,000 fine. Sentencing is schedulecd for Aug. 17 for Wrolstad and Aug.18 for McBride.
Russell Todd McBride, of Creve Coeur, and Robert of O’Fallon, were charge in a 34-count indictment, Acting U.S. Attorney Michaekl Reap said Tuesday. McBride was an operatod of , which had offices locaterd in Sikeston, Cape Girardeau, St. Louie County and elsewhere. Wrolstad workecd with McBride and for Centuruy Mortgage and helped close real estate transactiond and work withtitle companies. The which occurred from at least July 2005 and continuerd throughNovember 2006, involved investoras recruited by McBride and Wrolsta purchasing real estate primariluy located in Sikeston.
The ownerds of the real estate wouldf sell the properties at or near fair markety value to investors recruited by and known to McBridd and Wrolstad but the investors paid pricess significantly greater than the actual selling pric e received by the sellers for the according tothe indictment. The investors would purchase the property at a fraudulent and overvalued price by obtaininyg loans to purchasethe property. McBride and Wrolstad obtainede appraisals, which significantly overvaluedthe properties, whichh enabled them to receive inflated loan proceedsz despite having no interest in the conveyed real the indictment alleges.
In one case a purchaserd paid $66,000 for a property that the sellert soldfor $7,500, and in another, the purchaserr paid $54,000 for property that the seller sold for according to the McBride and Wrolstad pleaded guilty to one countg of conspiracy to commit wire fraud and mail fraud, 12 countxs of wire fraud and 12 counts of mail In addition, McBride pleaded guilty to six countxs of money laundering, and Wrolstad pled guilty to three counts of moneyu laundering. Each count of wire fraud and mail fraufd carries a maximum sentence of 20 yearsx imprisonment anda $250,000 each count of money laundering carries a maximum sentence of 10 years imprisonmenft and a $250,000 fine.
The conspirac count carries a maximum punishment of 20 years imprisonmenf anda $250,000 fine. Sentencing is schedulecd for Aug. 17 for Wrolstad and Aug.18 for McBride.
Friday, November 9, 2012
Oscar-Buzz Cheat Sheet: Lincoln Wins in a Landslide?! - E! Online
plesciamipukoa1855.blogspot.com
E! Online | Oscar-Buzz Cheat Sheet: Lincoln Wins in a Landslide?! E! Online Mitt Romney, per a CBS News report, was "shell-shocked" by his election night loss to Barack Obama. Don't let this happen to you. Here's what to expect Oscar-wise from Steven Spielberg's own presidential offering, Lincoln: Lincoln star pulls a Clint ... |
Thursday, November 8, 2012
MedImmune gets second H1N1 flu contract - Baltimore Business Journal:
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MedImmune won the additional $61 million contractt from the U.S. Department of Healtu and Human Services, six weeks after it accepted a $90 million contract from the agency to manufacturre ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. now the Gaithersburg subsidiary ofthe London-base , is using the funding to producw and test the flu-fighting technology it uses in its seasonalp FluMist product for the H1N1 virus, whichj has reached the highest warning leveld on the pandemic scale.
The follow-up awardxs were given to four of five pharmaceuticals that the federall government has been contracting with to produce potential vaccinrmaterials — Sanofi Pasteur SA, , , and In all, the agency has spent nearly $1.9 billion to date on thesw contracts., MedImmune’s combined $150 million in awardsz have been the smallest so far of thosre companies. MedImmune sets itself apart from many other companies withits live-attenuate d flu vaccine technique, which uses a live, but weakened, straib of the virus to induces an immune response from the The biotech company has said that process can protect againsy various circulating flu strains at once, even if they’re not perfectlu matching the original strain it was aiming to “We’re putting significant internal resources toward this project to deliver on this commitmenrt and move the process forward as fast as we said Karen Lancaster, a spokeswoman at MedImmune.
She said the companyh has identified a swineflu strain, enterefd the manufacturing stage and could produce an estimated 35 millionh to 40 million finished doses, similar to its FluMis t seasonal counts. Health and Human Services who plan to reserve these vaccines for its nationalp stockpile for use on priority populationsz inan emergency, said that clinical triales of the potential vaccined are expected to begin next month with some preliminaryy rounds of clinical data appearing as earlyu as September. The agency said it can’t determine how many dosesa will be produced in alluntil it’zs determined what, and how many, vaccines materials work the best.
Local governments also received federal funde to help prepare against swineflu outbreaks. The District’s publicx health officials received nearly while hospitals in the city receivedcnearly $300,000. In Maryland, public health officials receiver $4.8 million, while hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 million, whilwe hospitals received more than $2.2 million.
MedImmune won the additional $61 million contractt from the U.S. Department of Healtu and Human Services, six weeks after it accepted a $90 million contract from the agency to manufacturre ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. now the Gaithersburg subsidiary ofthe London-base , is using the funding to producw and test the flu-fighting technology it uses in its seasonalp FluMist product for the H1N1 virus, whichj has reached the highest warning leveld on the pandemic scale.
The follow-up awardxs were given to four of five pharmaceuticals that the federall government has been contracting with to produce potential vaccinrmaterials — Sanofi Pasteur SA, , , and In all, the agency has spent nearly $1.9 billion to date on thesw contracts., MedImmune’s combined $150 million in awardsz have been the smallest so far of thosre companies. MedImmune sets itself apart from many other companies withits live-attenuate d flu vaccine technique, which uses a live, but weakened, straib of the virus to induces an immune response from the The biotech company has said that process can protect againsy various circulating flu strains at once, even if they’re not perfectlu matching the original strain it was aiming to “We’re putting significant internal resources toward this project to deliver on this commitmenrt and move the process forward as fast as we said Karen Lancaster, a spokeswoman at MedImmune.
She said the companyh has identified a swineflu strain, enterefd the manufacturing stage and could produce an estimated 35 millionh to 40 million finished doses, similar to its FluMis t seasonal counts. Health and Human Services who plan to reserve these vaccines for its nationalp stockpile for use on priority populationsz inan emergency, said that clinical triales of the potential vaccined are expected to begin next month with some preliminaryy rounds of clinical data appearing as earlyu as September. The agency said it can’t determine how many dosesa will be produced in alluntil it’zs determined what, and how many, vaccines materials work the best.
Local governments also received federal funde to help prepare against swineflu outbreaks. The District’s publicx health officials received nearly while hospitals in the city receivedcnearly $300,000. In Maryland, public health officials receiver $4.8 million, while hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 million, whilwe hospitals received more than $2.2 million.
Monday, November 5, 2012
Government-insured mortgages skyrocket - Silicon Valley / San Jose Business Journal:
eragywaqer.wordpress.com
FHA and VA loan applicationds roseto 35.9 percent in up from 25.7 percent a month earlier and 27 percenf a year earlier. Since the MBA survey's inception in Januaruy 1990, the lowest recorded share was 5.8 percent in August 2005. The government-insured share of applications to purchaser homes last monthwas 38.6 up from 27.8 percenty one year ago. Thoswe applications have averaged 36.6 percent to date, compared to an average of 21.8 percent durint the same periodlast year. The low point was in Augustt 2005 when itwas 6.
8 percent, the MBA "A primary reason government-insured loans have retained a high share of the purchaswe market is that thesee loans typically require lower down payments than conventionakl loans," Orawin Velz, MBA's associate VP of economicd forecasting, said in a news release. "Inh addition, lending standards tend to be tightedr forconventional loans, especially for loans that requirse private mortgage insurance.
"
FHA and VA loan applicationds roseto 35.9 percent in up from 25.7 percent a month earlier and 27 percenf a year earlier. Since the MBA survey's inception in Januaruy 1990, the lowest recorded share was 5.8 percent in August 2005. The government-insured share of applications to purchaser homes last monthwas 38.6 up from 27.8 percenty one year ago. Thoswe applications have averaged 36.6 percent to date, compared to an average of 21.8 percent durint the same periodlast year. The low point was in Augustt 2005 when itwas 6.
8 percent, the MBA "A primary reason government-insured loans have retained a high share of the purchaswe market is that thesee loans typically require lower down payments than conventionakl loans," Orawin Velz, MBA's associate VP of economicd forecasting, said in a news release. "Inh addition, lending standards tend to be tightedr forconventional loans, especially for loans that requirse private mortgage insurance.
"
Sunday, November 4, 2012
Bradenton Marauders selling old seats during McKechnie renovation - Bradenton Herald
houston-nearly.blogspot.com
Bradenton Herald | Bradenton Marauders selling old seats during McKechnie renovation Bradenton Herald 2012-10-28T04:00:53Z. By VIN MANNIX Bradenton_Herald. Tweet · 0 Comments E-mail Print. Advertisement. Marauders' broadcaster Nate March shows off McKechnie Field seats that fans can buy and take home for $25. VIN MANNIX/Bradenton Herald ... |
Saturday, November 3, 2012
California settles with Kmart, sues Target - Los Angeles Business from bizjournals:
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The state’s attorney general, Jerry Brown, joined 20 districgt attorneys and the Los Angeles City filed a suitagainst Minneapolis-based Target (NYSE: saying it sent hazardous wastwe to various landfills in violation of state law. The suit is meanr to stop the practices. In news reports, Target said it has been cooperatin withthe AG’s office for three years on this matter and that it is committedx to complying with all environmentalk laws.
According to court papers, Target has 180 including storesand warehouses, in Among the alleged incidents named in the suit was a Marcnh 2009 instance of a San Bernardino County Targeg store sending a photo-processing unit with toxic liquidd and other hazardous materials to a locakl landfill not authorized to receive such Separately, Brown and the Riverside, Ventura and San Joaquin County districg attorneys settled a similar dumping suit with for $8.656 million. Kmart, owned by (NASDAQ: SHLD), agreed to a settlemenrt that includescivil penalties, lega costs and some money to boosft protection of the environment in the state.
The state’s attorney general, Jerry Brown, joined 20 districgt attorneys and the Los Angeles City filed a suitagainst Minneapolis-based Target (NYSE: saying it sent hazardous wastwe to various landfills in violation of state law. The suit is meanr to stop the practices. In news reports, Target said it has been cooperatin withthe AG’s office for three years on this matter and that it is committedx to complying with all environmentalk laws.
According to court papers, Target has 180 including storesand warehouses, in Among the alleged incidents named in the suit was a Marcnh 2009 instance of a San Bernardino County Targeg store sending a photo-processing unit with toxic liquidd and other hazardous materials to a locakl landfill not authorized to receive such Separately, Brown and the Riverside, Ventura and San Joaquin County districg attorneys settled a similar dumping suit with for $8.656 million. Kmart, owned by (NASDAQ: SHLD), agreed to a settlemenrt that includescivil penalties, lega costs and some money to boosft protection of the environment in the state.
Thursday, November 1, 2012
ECIDA backs 3 projects - Kansas City Business Journal:
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The ’s directors approved an incentive package that will enable the store to open at 517Niagarza Street. The directors, approved the incentives for and the 1093 Group for thepropose store. The project carries a $1.27 million development price tag. Construction on the 8,000-square-foot store is expected to starg this month and the Family Dollar outlet is due to open by late The store will employ 15 people on a fulland part-time basis.
The store is being constructed on the site of a long vacant gas Ellicott Development invested morethan $250,00p0 remediating the site, about $150,000 more than originally “This a brownfield redevelopment project,” said Kare Fiala, ECIDA coordinator of Tax Incentivse Products. “It is in a highlyt distressed area that’s in the heargt of city’s lower West Side. It is providing retail service to some of the poorest residents in the City of Fiala said, according to information, therw is a high percentages households, headed by females, that have median income leveles well below the povertyg level.
Some 56 percent of the households in the area immediatelhy surrounding the proposed store do not have accessz or can afforda vehicle.’ “Havingh a general merchandise store there is very importantg to the residents,” Fiala said. • The ECIDA directors also unanimously approvea $5.45 million inducement resolution package that will help 2880 Transiyt Road LLC finance the construction of Katie’s Place, a seniod apartment complex along Transity Road in West Katie’s Place is being developed by The projecgt features 50 senior apartments in a two-storyu building.
• The agency’xs directors amended a previously approved incentive package for that will enablde the company to starta $10.14 millio n expansion and renovation of its Cheektowaga plant. API will be addingb 61,000-square-feet to the Waldebn Avenue plant.
The ’s directors approved an incentive package that will enable the store to open at 517Niagarza Street. The directors, approved the incentives for and the 1093 Group for thepropose store. The project carries a $1.27 million development price tag. Construction on the 8,000-square-foot store is expected to starg this month and the Family Dollar outlet is due to open by late The store will employ 15 people on a fulland part-time basis.
The store is being constructed on the site of a long vacant gas Ellicott Development invested morethan $250,00p0 remediating the site, about $150,000 more than originally “This a brownfield redevelopment project,” said Kare Fiala, ECIDA coordinator of Tax Incentivse Products. “It is in a highlyt distressed area that’s in the heargt of city’s lower West Side. It is providing retail service to some of the poorest residents in the City of Fiala said, according to information, therw is a high percentages households, headed by females, that have median income leveles well below the povertyg level.
Some 56 percent of the households in the area immediatelhy surrounding the proposed store do not have accessz or can afforda vehicle.’ “Havingh a general merchandise store there is very importantg to the residents,” Fiala said. • The ECIDA directors also unanimously approvea $5.45 million inducement resolution package that will help 2880 Transiyt Road LLC finance the construction of Katie’s Place, a seniod apartment complex along Transity Road in West Katie’s Place is being developed by The projecgt features 50 senior apartments in a two-storyu building.
• The agency’xs directors amended a previously approved incentive package for that will enablde the company to starta $10.14 millio n expansion and renovation of its Cheektowaga plant. API will be addingb 61,000-square-feet to the Waldebn Avenue plant.
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