gault-rickettsias.blogspot.com
Santos, as chief operating officer under Albert, has been closel y involved in decision-making on many of the real estate dealsAlbert managed, including major city projects such as Popla r Point. Albert began his new job as city administratofron Monday, replacing Dan Tangherlini, who is taking a job in the Obam administration. "In Ms. we not only have a steady hand who knowethe job, we have someone who is a consummat professional who will bring private-sector talents to get the job Fenty said. Santos was previousl y a vice president at commercialo real estate services firm and a managerwith 'e real estate group.
She holds both an MBA and master's of public policy from the Kennedty School of Governmentat . Santos has displayef a no-nonsense approach appearing as Albert’s stand-inb to testify at D.C. Council meetings and in public forums representing the city when hewas unavailable. She is already gettintg her feet wet in dealing with the politicakl aspects ofthe job. On Tuesday, when the D.C. Councilp was busy squaring away finao details of budgetimplementation legislation, Santoxs and Albert’s other top deputy, Directoe of Development David Jannarone, moved arounfd the Wilson Building seeking changes from council Santos apparently was not Fenty’s initial choice to be deputy Greg O’Dell, Washington Convention Center Authorit CEO and a former staff member of the deputy mayor’ss office, had been considered a top candidats to replace Albert, but a sourcs close to O'Dell says he was offered the job and turner it down.
O’Dell would not confirjm that, but indicated he would remain in hiscurrent post, where he is now tasked with seekingb public financing for all of a $550 millioh convention center hotel. “The board and the mayof have every expectation of me completing all the tasksa Ihave here,” he said. Fent y would not say whether he had offereed the jobto O’Dell or anyone else beforse Santos.
He announced the pick outsided the Walker JonesElementary School, whicn is being rebuilt as part of a new Northwest One neighborhood, and said she was “thre first person who has risen to the deputy mayor’xs position from within the “I think it’s a great sign for the D.C. government that not only does Valerire Santos have amazing experience in the privatre sector butthat she’s been hard at work servint the people of the District of Columbia for the last two the mayor said.
He said Santoss shared the vision that he and Albert had for how economicd development in the city shouldbe run, not by owning or overl managing projects but by allowing the private sector to brinyg ideas to the “We should try to just facilitatde development. We’ve got the greatestt business community in the worldc herein D.C. We don’t need to try to replicate what they’re doing. We don’tr need an emphasis on owningv or building inthe D.C. government.
We need to And to do so, we need to hire the best and the brightestgand we’ve done Santos, 36, who lives in Columbiza Heights, was working for Jones Lang LaSalles as a consultant to the city when Alberr -- whom she called a mentor -- recruited her to work for him. She is believedd to be the first woman to serve in the rolefor D.C. and will managw 65 employees and as well as oversewe the Officeof Planning, Departmentf of Housing and Communityg Development, the Office of Propertty Management and the Washington D.C. Economicf Partnership, a contractor.
“In the coming weeks my goal is to ensurde asmooth transition, which I expecyt will be relatively easy, because I am very fortunate to manages a very talented and skilled team,” she She said she would continuee to move projects all over the with a particular focus on thos east of the Anacostia River, such as the planne redevelopment of St. Elizabeths Hospital in Southeast D.C. “Wre will continue to focus on implementingMayor Fenty’w vision for economic development.
In the contex t of the currenteconomic climate, we will focus on businese attraction and retention efforts, and in continuing to provide tools to allowe our local business and not-for-profitas to grow,” she A member of the D.C. Council who regularly butts headsewith Albert, Councilman Kwame Brown, D-at larg and chair of the economic development committee, issuex a press release during the announcement saying he was disappointed he was not invitexd but saying Santos “has the experiencre and the operational knowledge” for the job and that her appointmenty was “an opportunity to forge a new relationship between the Council and the executive to create jobs for Districtg residents, new opportunities for local businesses, more affordable housing and to efficiently move projects to completion.
”
воскресенье, 30 сентября 2012 г.
пятница, 28 сентября 2012 г.
Franchot: Financial questions on State Center project will require vigilance - The Business Journal of Milwaukee:
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Franchot, who joined Gov. Marti O’Malley and Treasurer Nancy Kopp onthe state’s Board of Public Works in voting for the $1.4 billion Statde Center redevelopment project Wednesday said he does not know enough about the project’s costs to the state or whether the project is even practical given the nationwidd credit crunch. “I believe the project has a lot of promise and is deservintof support,” Franchot said in a telephone intervieaw Wednesday.
“I voted for it, but am going to continu e to be vigilant about the fiscal exposure to the The deal involves the state leasing its midtown Baltimorde office complex to a privatedevelopment team, which would then redevelop the property into a mix of shops and homes. The state would then lease back a majorityy ofthe project’s 2 million square feet of officwe space for use by its variouws state agencies. But the termxs of the deal have not been hammeredout yet, as Franchotg and the Board of Public Workes voted Wednesday only on a mastee development agreement.
With that agreement in place, the developmenyt team will now create designa for its planned buildings and come back to the state for approvap on morespecific designs, costs, and leasre terms. The development team, which includes national housingdeveoper McCormack, Baronh & Salazar, would borrow $888 million to finance its work, accordinh to the Department of Legislative The state would issue another $338 million in State and federal tax credity programs would pick up anotherr $234 million in project with the remainder of the project’s costs being contributerd directly by the developers or other investors.
Franchot said that scenario raises several including the ability for the stat or the developers to borrow money in the midsr of the nationwide credit Hesaid he’s also concerned about the state’s abilitu to negotiate fair lease terms with the developers given they woulcd both be heavily invested in making sure the project is successful. “Thd problem is that the credit marketsd arebone dry,” Franchot said. “Obviouslgy this is a long-term but I’m not confident that the privatde sector will finance this in a way that the statew canafford it.
” In addition, Franchot said he isn’t sure why the statd would make the project a priority above other pressing needs such as new college dormitories or other state-funded construction projects.
Franchot, who joined Gov. Marti O’Malley and Treasurer Nancy Kopp onthe state’s Board of Public Works in voting for the $1.4 billion Statde Center redevelopment project Wednesday said he does not know enough about the project’s costs to the state or whether the project is even practical given the nationwidd credit crunch. “I believe the project has a lot of promise and is deservintof support,” Franchot said in a telephone intervieaw Wednesday.
“I voted for it, but am going to continu e to be vigilant about the fiscal exposure to the The deal involves the state leasing its midtown Baltimorde office complex to a privatedevelopment team, which would then redevelop the property into a mix of shops and homes. The state would then lease back a majorityy ofthe project’s 2 million square feet of officwe space for use by its variouws state agencies. But the termxs of the deal have not been hammeredout yet, as Franchotg and the Board of Public Workes voted Wednesday only on a mastee development agreement.
With that agreement in place, the developmenyt team will now create designa for its planned buildings and come back to the state for approvap on morespecific designs, costs, and leasre terms. The development team, which includes national housingdeveoper McCormack, Baronh & Salazar, would borrow $888 million to finance its work, accordinh to the Department of Legislative The state would issue another $338 million in State and federal tax credity programs would pick up anotherr $234 million in project with the remainder of the project’s costs being contributerd directly by the developers or other investors.
Franchot said that scenario raises several including the ability for the stat or the developers to borrow money in the midsr of the nationwide credit Hesaid he’s also concerned about the state’s abilitu to negotiate fair lease terms with the developers given they woulcd both be heavily invested in making sure the project is successful. “Thd problem is that the credit marketsd arebone dry,” Franchot said. “Obviouslgy this is a long-term but I’m not confident that the privatde sector will finance this in a way that the statew canafford it.
” In addition, Franchot said he isn’t sure why the statd would make the project a priority above other pressing needs such as new college dormitories or other state-funded construction projects.
четверг, 27 сентября 2012 г.
Commercial foreclosures start to spread across Northern Va. - Tampa Bay Business Journal:
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Anyone who follows the commercial real estatw market knows there are buildings in trouble throughout Washington, but as one drives alont the Dulles Toll Road or Routs 28, it’s hard to miss the signs of “See-through buildings” dot the corridor, bereft of the interior offics walls that don’t show up untilk a tenant does. In recent at least two lender s have given up the waiting game and taken the keys and the titls back fromthe owners: Lincoln Park III and Monumenrt III. More than 50 office buildings stand emptu or virtually empty inNorthern Virginia, with 46 lyintg beyond the Beltway.
With no tenantsx biting at their rock-bottom asking rents dozens of those buildingse are expected to sink intoforeclosure soon. The 203,000-square-foo Lincoln Park III, 13857 McLearen was developed by and sold to an entity in 2007for $47 during the last days of the commerciak real estate boom. Still empty, asking rentsd dropped as low as $28 per square foot and brokerse scrambled to put together a deal for aninterestexd tenant. In March, startes its foreclosure proceedings by appointing asubstitut trustee. ING did not respon d to a requestfor comment, but Fairfax Countyh tax assessors estimate the building is now wort just $35 million. The building may be wortyh even less.
Like many property tax offices, Fairfax County’as assessment procedure lags market conditions by as much as two saidDavid Levy, a co-founder of McLean-basesd , which represents property owners in tax Although Levy had time to field a reporter’w questions while hitting golf balls in his the tectonic shifts in the real estate economty have flooded him with appeals from desperate propert y owners. “There’s certainly a lot of business out there,” he said, his club clinkingt against another ball. “Prior to this, I hadn’tr filed an appeal in Fairfasx Countysince ... gosh, I can’t remember when. Probablyt six, seven or eightt years ago.
” Some commercial buildings in the Washington regio have lost as much as half theifvalue but, on average, his clients are asking tax authoritieds for 20- to 25-percen reductions in assessed value, Levy said. If those numbers are accurate, most of his clients will have lost virtualluy all of the equity they have in their And with the emboldened tenant markeyt demanding lower rent and higherf allowances for custom interior many owners are calculating it mighyt take them up to sevejn years to recoup the cost of landinghthat tenant. “Landlords are sayinhg this is alosing game,” Levy said.
With lendinb conditions already bleak, those owners will face foreclosurer if their existing loans are due in thenear “There are going to be a lot of buildings trading on the markegt through the banks,” Levy One of Levy’s clients is anothe bank that swiped a Herndon property back from its In April, took back title to Monument III, a 193,138-square-foog building at 12930 Worldgate Drive. The owners — a joint venture between The Praedium Group, a New York-based real estate investment firm, and of Bethesdw — paid $54.9 million, or $284 a square foot, for the buildingh in mid-2007.
At the time of the 2007 the building was just 29 percent The joint venture owednearly $51.i8 million on the GE note. the building is nearly 80 percent yet Fairfax County assesses its valueat $50.6 million, whicuh is the recorded “sale” pricee for the April transaction. Unless something dramatic happens to strengthen and embolden the banking andfinancs industry, commercial real estate’s woes are likely to worsenm in the near future. By next year, a massive wave of propertiexs financed in 2005 through thecommercial mortgage-backe d securities market will need to find new financing.
Righyt now, the options are few, and the legions of owners of thesd securitizednotes can’t easily be corrallec to sign off on loan In March, the Federal Reserve announced that it would expand one of its primary rescue programs, the Term Asset-Backecd Securities Loan Facility (or TALF) to include commerciapl property originally financed through CMBS loans. There’s just one Only the highest-rated securities are eligible for purchases throughthe program. With valued falling, ratings agencies are now questioning the optimistic underwritiny on many ofthese CMBS-financefd deals.
For instance, Standard Poor’s on May 18 lowered its corporate credit rating onTishman Speyer’s D.C.-area real estated portfolio to “CCC” from “B+.” A largs chunk of that portfolio, which was purchased in 2006, was financedf through the CMBS “The government is hopinv that all these fixes will fix the lending environment so that the credit facilities will open up and starrt lending again before we have a major problem,” said Mark president of Larsen Commercial Real Estate Services/Oncor International. “Bu so far, that hasn’t happened.
” Despite all the glum forecasts, there is one piece of good news, at least for the strugglingt Reston/Herndon submarket. After years of overbuilding in the Dulles developers have now pulledout completely. Just 235,4332 square feet remain under construction inthe Reston/Herndomn submarket now, compared to more than 1.1 millioj square feet in the firstg quarter of 2008. There’s just one buildin under construction — Boston Properties’ 11955 Democracy Although it is stilklbeing built, it’s already been leased in its entiretg by the College Entrancd Examination Board.
Anyone who follows the commercial real estatw market knows there are buildings in trouble throughout Washington, but as one drives alont the Dulles Toll Road or Routs 28, it’s hard to miss the signs of “See-through buildings” dot the corridor, bereft of the interior offics walls that don’t show up untilk a tenant does. In recent at least two lender s have given up the waiting game and taken the keys and the titls back fromthe owners: Lincoln Park III and Monumenrt III. More than 50 office buildings stand emptu or virtually empty inNorthern Virginia, with 46 lyintg beyond the Beltway.
With no tenantsx biting at their rock-bottom asking rents dozens of those buildingse are expected to sink intoforeclosure soon. The 203,000-square-foo Lincoln Park III, 13857 McLearen was developed by and sold to an entity in 2007for $47 during the last days of the commerciak real estate boom. Still empty, asking rentsd dropped as low as $28 per square foot and brokerse scrambled to put together a deal for aninterestexd tenant. In March, startes its foreclosure proceedings by appointing asubstitut trustee. ING did not respon d to a requestfor comment, but Fairfax Countyh tax assessors estimate the building is now wort just $35 million. The building may be wortyh even less.
Like many property tax offices, Fairfax County’as assessment procedure lags market conditions by as much as two saidDavid Levy, a co-founder of McLean-basesd , which represents property owners in tax Although Levy had time to field a reporter’w questions while hitting golf balls in his the tectonic shifts in the real estate economty have flooded him with appeals from desperate propert y owners. “There’s certainly a lot of business out there,” he said, his club clinkingt against another ball. “Prior to this, I hadn’tr filed an appeal in Fairfasx Countysince ... gosh, I can’t remember when. Probablyt six, seven or eightt years ago.
” Some commercial buildings in the Washington regio have lost as much as half theifvalue but, on average, his clients are asking tax authoritieds for 20- to 25-percen reductions in assessed value, Levy said. If those numbers are accurate, most of his clients will have lost virtualluy all of the equity they have in their And with the emboldened tenant markeyt demanding lower rent and higherf allowances for custom interior many owners are calculating it mighyt take them up to sevejn years to recoup the cost of landinghthat tenant. “Landlords are sayinhg this is alosing game,” Levy said.
With lendinb conditions already bleak, those owners will face foreclosurer if their existing loans are due in thenear “There are going to be a lot of buildings trading on the markegt through the banks,” Levy One of Levy’s clients is anothe bank that swiped a Herndon property back from its In April, took back title to Monument III, a 193,138-square-foog building at 12930 Worldgate Drive. The owners — a joint venture between The Praedium Group, a New York-based real estate investment firm, and of Bethesdw — paid $54.9 million, or $284 a square foot, for the buildingh in mid-2007.
At the time of the 2007 the building was just 29 percent The joint venture owednearly $51.i8 million on the GE note. the building is nearly 80 percent yet Fairfax County assesses its valueat $50.6 million, whicuh is the recorded “sale” pricee for the April transaction. Unless something dramatic happens to strengthen and embolden the banking andfinancs industry, commercial real estate’s woes are likely to worsenm in the near future. By next year, a massive wave of propertiexs financed in 2005 through thecommercial mortgage-backe d securities market will need to find new financing.
Righyt now, the options are few, and the legions of owners of thesd securitizednotes can’t easily be corrallec to sign off on loan In March, the Federal Reserve announced that it would expand one of its primary rescue programs, the Term Asset-Backecd Securities Loan Facility (or TALF) to include commerciapl property originally financed through CMBS loans. There’s just one Only the highest-rated securities are eligible for purchases throughthe program. With valued falling, ratings agencies are now questioning the optimistic underwritiny on many ofthese CMBS-financefd deals.
For instance, Standard Poor’s on May 18 lowered its corporate credit rating onTishman Speyer’s D.C.-area real estated portfolio to “CCC” from “B+.” A largs chunk of that portfolio, which was purchased in 2006, was financedf through the CMBS “The government is hopinv that all these fixes will fix the lending environment so that the credit facilities will open up and starrt lending again before we have a major problem,” said Mark president of Larsen Commercial Real Estate Services/Oncor International. “Bu so far, that hasn’t happened.
” Despite all the glum forecasts, there is one piece of good news, at least for the strugglingt Reston/Herndon submarket. After years of overbuilding in the Dulles developers have now pulledout completely. Just 235,4332 square feet remain under construction inthe Reston/Herndomn submarket now, compared to more than 1.1 millioj square feet in the firstg quarter of 2008. There’s just one buildin under construction — Boston Properties’ 11955 Democracy Although it is stilklbeing built, it’s already been leased in its entiretg by the College Entrancd Examination Board.
среда, 26 сентября 2012 г.
The Business Journal of the Greater Triad Area: Nomination
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These awards will be givenm to financial professionals in the greater Triad area for outstandingf performance in their roles as corporatefinanciap stewards. The winners will be announced at aa CFO Awards Ceremony and Reception, and profiled in our CFO specialp edition. Eligibility Nominees must be chief financial officersw or holdequivalent positions. The nominee’s home office must be in the (Exception: Open Award for organizations with significanrt financialoperations here, but headquartered elsewhere). All nominations must be acknowledgedd or endorsed bythe nominee.
Employees of sponsorx or their representatives will not be Awards Awards will be provided in six Three to five finalists will be selectes ineach category. Nominees may applyg for consideration in the Turnaround Achievemen t category in addition to oneother category. Categories Extra large company (1,00 0 or more employees) Judging Criteriaz Nominees will be judged onbusiness leadership, contributionb to the company’s reputation and success, communith involvement, strategic initiatives, adherence to businesss ethics, and turnaround success. Nominations will be judged solely on the informationj provided in thefields below.
So, be sure to fill in the form completelyt and give a thorough explanation for each of the If you know an individual who deserves thisprestigiouz honor, please fill out the nomination form below. The extendec deadline for nominations isJune 12, 2009 This eventf is sponsored by Dixon Hughes, First Tennessee and Monaghan Group. For more information about thenominatiomn process, contact Associate Editor, Lloysd Whittington at , or (336) 370-2914. Nomination Deadlines Extended - CFO of the Year June 12, 2009 *No. of employees *Numbed of successive years in CFO or equivalentpositionj (as of August 14, 2009): *Describer nominee's role in organization.
Highlight leadership/impactf and how his or her contribution has led togreater (200-word maximum please) *Describe nominee'as contribution to the community. Highlight skillds and creativity that have positively impactedthe community. (200-word maximum please) *Describe nominee's strategic Detail how strategic market position has been strengthenedby nominee'as initiatives. (200-word maximum please) *Describe integrity and ethicx in management andbusinesx practices. Include formally adopted policy/mission statement. Demonstrats excellence and accountablity. (200-word maximum please) *Describs reasons for nominating.
Convey your persona l experiences with the nominee and reasons you believew he or she is deserving ofthis award. (200-wore maximum please) *Additional pertinent Explain anything else that is notewortht aboutthe nominee. (200-word maximum *Category you are submitting CFO for? Extrwa large company (1,000 or more employees) Would you like the nominee to be considered for the TurnarounfdAchievement award? If so, explain why candidate is (200-word maximum) *Are you a subscribert to The Business Journal? NOTE: Disclosure will not influence your candidate'se viability. no, but please sign me up for a 4-weekl trial subscription *How did you hear about this awards program?
From our program sponsors, First Tennessee or Monaghan Group
These awards will be givenm to financial professionals in the greater Triad area for outstandingf performance in their roles as corporatefinanciap stewards. The winners will be announced at aa CFO Awards Ceremony and Reception, and profiled in our CFO specialp edition. Eligibility Nominees must be chief financial officersw or holdequivalent positions. The nominee’s home office must be in the (Exception: Open Award for organizations with significanrt financialoperations here, but headquartered elsewhere). All nominations must be acknowledgedd or endorsed bythe nominee.
Employees of sponsorx or their representatives will not be Awards Awards will be provided in six Three to five finalists will be selectes ineach category. Nominees may applyg for consideration in the Turnaround Achievemen t category in addition to oneother category. Categories Extra large company (1,00 0 or more employees) Judging Criteriaz Nominees will be judged onbusiness leadership, contributionb to the company’s reputation and success, communith involvement, strategic initiatives, adherence to businesss ethics, and turnaround success. Nominations will be judged solely on the informationj provided in thefields below.
So, be sure to fill in the form completelyt and give a thorough explanation for each of the If you know an individual who deserves thisprestigiouz honor, please fill out the nomination form below. The extendec deadline for nominations isJune 12, 2009 This eventf is sponsored by Dixon Hughes, First Tennessee and Monaghan Group. For more information about thenominatiomn process, contact Associate Editor, Lloysd Whittington at , or (336) 370-2914. Nomination Deadlines Extended - CFO of the Year June 12, 2009 *No. of employees *Numbed of successive years in CFO or equivalentpositionj (as of August 14, 2009): *Describer nominee's role in organization.
Highlight leadership/impactf and how his or her contribution has led togreater (200-word maximum please) *Describe nominee'as contribution to the community. Highlight skillds and creativity that have positively impactedthe community. (200-word maximum please) *Describe nominee's strategic Detail how strategic market position has been strengthenedby nominee'as initiatives. (200-word maximum please) *Describe integrity and ethicx in management andbusinesx practices. Include formally adopted policy/mission statement. Demonstrats excellence and accountablity. (200-word maximum please) *Describs reasons for nominating.
Convey your persona l experiences with the nominee and reasons you believew he or she is deserving ofthis award. (200-wore maximum please) *Additional pertinent Explain anything else that is notewortht aboutthe nominee. (200-word maximum *Category you are submitting CFO for? Extrwa large company (1,000 or more employees) Would you like the nominee to be considered for the TurnarounfdAchievement award? If so, explain why candidate is (200-word maximum) *Are you a subscribert to The Business Journal? NOTE: Disclosure will not influence your candidate'se viability. no, but please sign me up for a 4-weekl trial subscription *How did you hear about this awards program?
From our program sponsors, First Tennessee or Monaghan Group
понедельник, 24 сентября 2012 г.
Honduras' War Between Farmers And The State Claims Another Casualty - International Business Times
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Honduras' War Between Farmers And The State Claims Another Casualty International Business Times Honduras' War Between Farmers And The State Claims Another Casualty. TEXT SIZE: A A A. MORE+. BY Ryan Villarreal | September 24 2012 12:36 PM. A prominent human rights lawyer who represented several peasant groups in land disputes in ... |
воскресенье, 23 сентября 2012 г.
Hospital safety institute launching program with federal cash - Business First of Columbus:
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U.S. Sen. Sherrod Brown, said $190,000 is headed to the , which was founded in 2000 and backed bythe , and . The which spans more than 180 hospitals, plans to creatd a Comprehensive Unit-based Safety Program. Tiffany Himmelreich, a spokeswoman for the hospitak association, said the program focuses on reducing bloodstrea m infections that arise from treatment linez hooked upinto patients, particularly heart catheter Ohio and nine other states are working to bring practices in line with new nationap goals and standards on infection she said. The institute and its latesr program are among existing programs that targey eliminating preventablehospital errors.
Just this ’s (NYSE:CAH) foundation and several other groups unveiled the Solutionz for PatientSafety initiative, which includesz 16 Central Ohio hospitals and eight children’sx hospitals in the state. That program is backec by $1.5 million from the Dublih health-care giant’s charitable arm. Himmelreich said more eyes on the problen are expected to lead tobetter “Hospitals are no stranger to this kind of thing,” she “We have a lot of regional collaborationa going on ... and since hospitals have had practicse with this type of the theoryis it’ll have an impactg quickly.” The program is hoping to save lives and money.
Brown’ds office said that Michigan saved morethan 1,700 livea and nearly $250 million in a similatr initiative. Himmelreich said Ohio hasn’t calculated a savingz estimateor goal, but thinkxs the tally could approach that amassef in Michigan.
U.S. Sen. Sherrod Brown, said $190,000 is headed to the , which was founded in 2000 and backed bythe , and . The which spans more than 180 hospitals, plans to creatd a Comprehensive Unit-based Safety Program. Tiffany Himmelreich, a spokeswoman for the hospitak association, said the program focuses on reducing bloodstrea m infections that arise from treatment linez hooked upinto patients, particularly heart catheter Ohio and nine other states are working to bring practices in line with new nationap goals and standards on infection she said. The institute and its latesr program are among existing programs that targey eliminating preventablehospital errors.
Just this ’s (NYSE:CAH) foundation and several other groups unveiled the Solutionz for PatientSafety initiative, which includesz 16 Central Ohio hospitals and eight children’sx hospitals in the state. That program is backec by $1.5 million from the Dublih health-care giant’s charitable arm. Himmelreich said more eyes on the problen are expected to lead tobetter “Hospitals are no stranger to this kind of thing,” she “We have a lot of regional collaborationa going on ... and since hospitals have had practicse with this type of the theoryis it’ll have an impactg quickly.” The program is hoping to save lives and money.
Brown’ds office said that Michigan saved morethan 1,700 livea and nearly $250 million in a similatr initiative. Himmelreich said Ohio hasn’t calculated a savingz estimateor goal, but thinkxs the tally could approach that amassef in Michigan.
пятница, 21 сентября 2012 г.
Detroit ex-mayor Kwame Kilpatrick turned City Hall into a den of bribes ... - San Jose Mercury News
ibitasony.wordpress.com
Detroit ex-mayor Kwame Kilpatrick turned City Hall into a den of bribes ... San Jose Mercury News DETROIT -- Former Detroit Mayor Kwame Kilpatrick conspired with his father and best friend to turn City Hall into a den of bribes and kickbacks, a prosecutor said Friday as jurors heard opening statements in Kilpatrick's corruption trial. Assistant U.S ... |
четверг, 20 сентября 2012 г.
New study finds the same gene is responsible, and that mutations of it change ... - NBCNews.com
xeconatyxex.blogspot.com
Smithsonian (blog) | New study finds the same gene is responsible, and that mutations of it change ... NBCNews.com A new study finds the same gene that is responsible for the cheetah's color patterns causes a tabby's stripes. Mutations in this newly identified gene transform a tabby's typical striped pattern into a less familiar "blotched" look. In chee tahs ... Stripes on your tabby cat? Or blotches? Scientists ID the gene behind those ... Same Gene Guides Cheetah and Tabby Cat Coat Patterns One Gene Lays The Blueprint for A Cheetah's Spots And A Tabby Cat's Stripes |
среда, 19 сентября 2012 г.
понедельник, 17 сентября 2012 г.
Cincinnati-area firms win Ohio incentives - Washington Business Journal:
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, a maker of marketing simulation and planning received $1.1 million from the Innovatiom Ohio Loan Fund, at an annuaol interest rate of 1 percent for the firs year and 8 percent for five years. The Cincinnati-base company will use the loan to develop a new generation of its Emerging Marketplace software and buycomputer equipment. The $2.2 million project is expectede to create 36 jobs and retainh10 jobs. Two local firms also received Job Creatio n Tax Credits forexpansion • , a supplie r of labeling systems for the beverage was awarded a 45 percent tax creditr for five years for a $1 millionj expansion project in Mason.
The companyh expects to use the credit, worth aboug $52,700 over its term, to create 25 jobs and retainj 118. • won a 45 percentf job credit, for a six-yearr term, for a $170,000 expansiobn project at its regional office The credit is valued atabout $119,7590 over its term. Advantage expects to create 33 positions andretaij 65. The company, headquartered in Wash., provides energy managemeng consulting services.
, a maker of marketing simulation and planning received $1.1 million from the Innovatiom Ohio Loan Fund, at an annuaol interest rate of 1 percent for the firs year and 8 percent for five years. The Cincinnati-base company will use the loan to develop a new generation of its Emerging Marketplace software and buycomputer equipment. The $2.2 million project is expectede to create 36 jobs and retainh10 jobs. Two local firms also received Job Creatio n Tax Credits forexpansion • , a supplie r of labeling systems for the beverage was awarded a 45 percent tax creditr for five years for a $1 millionj expansion project in Mason.
The companyh expects to use the credit, worth aboug $52,700 over its term, to create 25 jobs and retainj 118. • won a 45 percentf job credit, for a six-yearr term, for a $170,000 expansiobn project at its regional office The credit is valued atabout $119,7590 over its term. Advantage expects to create 33 positions andretaij 65. The company, headquartered in Wash., provides energy managemeng consulting services.
воскресенье, 16 сентября 2012 г.
Santa Clara approves financing for 49ers stadium - Atlanta Business Chronicle:
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City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissentersz in the audience who opposes any public subsidy for the The 5-2 vote on a $79 millionm subsidy for the project came aftert a two-and-a-half-hour presentation and lengthy publicf comments that included concerns raised by the owner of California’s Greag America, Cedar Fair of Sandusky, has been negotiating to sell the sprawling thrill-ride park whicn is next to the proposed stadium site to the An attorney representing the park owners, John Hicke of , asked for a delau on the decision.
“We want to reach an agreement (to sell the but while you have been working on the term sheet for we and members of the public have only had two busines days to read thiscomplex document.” Hickey said he was surprisexd at earlier comments made by Jennifer Santa Clara’s City that he regarded as overly optimistic about the closeness of an agreement between Cedar Fair and the 49ers to sell the Jed York, president of the 49ers, praisecd Santa Clara officials for creatintg “the best infrastructure in the Bay and told city officialsz and a crowd of more than 150 onlookerse that the proposed 68,500-seat stadiunm to be built on an overflow parkinfg lot at the amusement park would not only host up to 10 NFL gamez annually, but possibly a variety of glamorousw events, including the World Cup soccer tournament, in the Stadium proponents also view it as a likely venue for majord concerts, college football bowl games and even the Superf Bowl.
“I feel the excitement in this city abouthe stadium,” York said. “Thisd deal will make Santa Clara a better placeto live, work and play in the As part of a 40-year agreement with the 49ers, city officialds agreed to contribute $79 milliob to the project, including $42 million in redevelopmengt agency funds, $20 milliobn from the city-owned utility district to relocate an electrical substation near the site and $17 milliom to build a parking garage.
That figurd is well below the $222 million city officialas proposed spending on the project when it was firsg proposed twoyears ago, as they citex the poor economy and shrinking city revenue as reasons for a much-reduced contribution. Another $35 milliom would be raised by a tax on guestd staying at any one of eightf hotels inthe city’s North Bayshore redevelopmenf area surrounding Great America. City officials stres no General Fundmoney -- whichn pays for city services such as fire, parks and libraries — will be used to pay for stadiunm construction or operations.
A Stadium Authority, a joint powersz governing body comprised of city andteam officials, alongv with the 49ers and the NFL woul d be responsible for $825 millio n in stadium construction costs unde the agreement.
City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissentersz in the audience who opposes any public subsidy for the The 5-2 vote on a $79 millionm subsidy for the project came aftert a two-and-a-half-hour presentation and lengthy publicf comments that included concerns raised by the owner of California’s Greag America, Cedar Fair of Sandusky, has been negotiating to sell the sprawling thrill-ride park whicn is next to the proposed stadium site to the An attorney representing the park owners, John Hicke of , asked for a delau on the decision.
“We want to reach an agreement (to sell the but while you have been working on the term sheet for we and members of the public have only had two busines days to read thiscomplex document.” Hickey said he was surprisexd at earlier comments made by Jennifer Santa Clara’s City that he regarded as overly optimistic about the closeness of an agreement between Cedar Fair and the 49ers to sell the Jed York, president of the 49ers, praisecd Santa Clara officials for creatintg “the best infrastructure in the Bay and told city officialsz and a crowd of more than 150 onlookerse that the proposed 68,500-seat stadiunm to be built on an overflow parkinfg lot at the amusement park would not only host up to 10 NFL gamez annually, but possibly a variety of glamorousw events, including the World Cup soccer tournament, in the Stadium proponents also view it as a likely venue for majord concerts, college football bowl games and even the Superf Bowl.
“I feel the excitement in this city abouthe stadium,” York said. “Thisd deal will make Santa Clara a better placeto live, work and play in the As part of a 40-year agreement with the 49ers, city officialds agreed to contribute $79 milliob to the project, including $42 million in redevelopmengt agency funds, $20 milliobn from the city-owned utility district to relocate an electrical substation near the site and $17 milliom to build a parking garage.
That figurd is well below the $222 million city officialas proposed spending on the project when it was firsg proposed twoyears ago, as they citex the poor economy and shrinking city revenue as reasons for a much-reduced contribution. Another $35 milliom would be raised by a tax on guestd staying at any one of eightf hotels inthe city’s North Bayshore redevelopmenf area surrounding Great America. City officials stres no General Fundmoney -- whichn pays for city services such as fire, parks and libraries — will be used to pay for stadiunm construction or operations.
A Stadium Authority, a joint powersz governing body comprised of city andteam officials, alongv with the 49ers and the NFL woul d be responsible for $825 millio n in stadium construction costs unde the agreement.
суббота, 15 сентября 2012 г.
Chicago teachers, school district reach tentative deal - Detroit Free Press
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Globe and Mail | Chicago teachers, school district reach tentative deal Detroit Free Press CHICAGO -- Chicago Public Schools and the teachers union reached a tentative agreement Friday on a new contract, and classes could resume for 350,000 students Monday, according to school and union officials. The union's House of Delegates will review ... How the Chicago Public School District Compares |
четверг, 13 сентября 2012 г.
High Desert Pediatrics opens doors June 15 - Orlando Business Journal:
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Located at 8650 Alameda NE., the 4,100-square-foot medical office is the first tenan t inthe two-building office plaza built by Hoech Real Estate The project includes two officwe buildings totaling more than 42,000 square feet and a new church for Hope Episcopal. The new clinic’s operators did theier residencies at the and specialize in acutely ill Hope Plaza is seeking a silvet certification from the in its Leadership in Energu and EnvironmentalDesign (LEED) Father-son team Don and Justinm Hoech partnered with the church to develop the parcel adjacent to La Cueva High Schoopl in the Far Northeast Height of Albuquerque.
The office buildings are being offeref for sale as office condominiums or can be represents half ofthe $7.5 million which was built by Enterprise Builders. High Desert Pediatrics is the lone tenanf to date far inthe
Located at 8650 Alameda NE., the 4,100-square-foot medical office is the first tenan t inthe two-building office plaza built by Hoech Real Estate The project includes two officwe buildings totaling more than 42,000 square feet and a new church for Hope Episcopal. The new clinic’s operators did theier residencies at the and specialize in acutely ill Hope Plaza is seeking a silvet certification from the in its Leadership in Energu and EnvironmentalDesign (LEED) Father-son team Don and Justinm Hoech partnered with the church to develop the parcel adjacent to La Cueva High Schoopl in the Far Northeast Height of Albuquerque.
The office buildings are being offeref for sale as office condominiums or can be represents half ofthe $7.5 million which was built by Enterprise Builders. High Desert Pediatrics is the lone tenanf to date far inthe
среда, 12 сентября 2012 г.
Insider report: Bruker cashes out Laukiens - Atlanta Business Chronicle:
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million by selling 2.1 million shares of stock. It was the month’sa biggest payday among Massachusettsinsiders — directors and major shareholders at locally based publicly traded companies, accordinv to trading data provided by . But for Laukien and some of his family members with close tiesto Bruker, the cash-out was just a small fraction of the hundredx of millions they have pocketeds over the past 18 months. In fact, five members of the Laukieh family, including Bruker CEO Frank H. received $624.6 million in cash and other compensatiom linkedto Bruker’s operations last year, according to Boston Businessx Journal research and company regulatorg filings.
Put differently, the group’ws take was equal to just over 60 percengof Bruker’s $1.1 billion in 2008 Nearly all of that payout — some $620 milliohn — stemmed from Bruker’s February 2008 acquisition of Bruket Biospin Group, a developer of research toolse and biotechnology equipment using magnetic The cash and stock deal was essentially a cash out for five Laukienn family members — Frank Laukien, Marc Laukien, Isolde Laukien-Kleiner and Bruker directorx Dirk Laukien and Joerv Laukien — who owned 100 percent of Brukere Biospin’s shares before the deal.
Frank, Dirk and Marc Laukien are brothers orhalf brothers, while Isolde Laukien-Kleiner is the mothed of Marc and Dirk according to Bruker’s regulatory filings. Bruker BRKR) completed a similar deal in June 2006 for life sciences technology developer Bruker Opticsfor $135 As was the case for Bruker Biospin, Bruker Opticss was owned by the same five Laukiends prior to the deal, accordingf to regulatory filings. Mass. insider saleds topped $95 million While Marc Laukien was Massachusetts’ biggest insider seller in May, his brothed Frank Laukien recordedthe month's biggest acquisition of insideer shares.
The elder Laukien bought 100,000p Bruker shares for $728,000 representing roughly half ofthe state’s $1.466 million in insider purchases recorded for all of May. By comparison, insidere sold $95.9 million in shares in Massachusetts-bases companies during the same span. That total was nearlu double the $49.2 million in locapl sales recordedin April. The following is a breakdowbn of May’s insider activity amonf Massachusetts-based companies. INSIDER SELLINGG IN MAY Name — Value Company — Ticker Laukien, Marc M $14,508,100 — BRUKER CORP.
— BRKR Vincent J — $11,076,073 — Silverstein, Barry — $9,767,4711 — Zarkin, Herbert J — $9,000,975 — John E — $8,868,600 Healey, Sean M — $5,938,8009 — Dalton, Nathaniel — $4,141,8221 — AFFILIATED MANAGERS GROUP INC. — AMG Ayasli, Yalcinb — $2,925,343 — HITTITE MICROWAVE CORP. — HITT Robert J — $2,574,191 — Boger, Joshua S $2,563,664 — Talwar, Anju $2,008,095 — Logie, Andrew R — $1,547,420 Brooks, Rodney A — $1,326,0132 — Clark, Stuart J — $1,293,833 — Jerome R — $1,235,438 — Fletcher H — $1,048,320 TJX COMPANIES INC.
— TJX Ian F — $965,55u — VERTEX PHARMACEUTICALS INC VRTX Aldrich, David J — 944,852q — Grace, David R — $929,702 — BEACON ROOFING SUPPLt INC. — BECN Floor, Richard E — $887,250 — AFFILIATEDs MANAGERS GROUP INC. — AMG Gregory L — $576,533 — SKYWORKS SOLUTIONS INC. SWKS Brady, William J — $571,61 — Termeer, Henri A — $544,84o — GENZYME CORP. — GENZ Malozemoff, Alexids P — $486,527 — Arthur W Jr — $480,000 — Berthiaume, Douglas A $474,705 — WATERS CORP.
— WAT Michael R — $456,866 — Lopardo, Nicholaes A — $451,727 — Robert W — $444,652 — Peter — $438,860 — VERTE PHARMACEUTICALS INC — VRTX Meyerman, Harolrd J — $438,525 — AFFILIATED MANAGERwS GROUP INC. — AMG Vohra, Tajinder — $420,174 GENPACT LIMITED — G Porter, Michael E — $417,400 Griffin, Liam K — $388,000 — SKYWORKaS SOLUTIONS INC.
— SWKS Von, Staats Aaronh C — $382,800 — Daniel — $336,430 — Maekawa, Mitsuru $335,237 — GENPACT LIMITED — G Taylor W — $334,992 — Martin, Katharine A $310,180 — Sanders, Charles Addison — $296,434 — VERTEXc PHARMACEUTICALS INC — VRTX Halliday, Robert J $270,059 — Chapman, Richarx P Jr — $257,500 Sgarzi, Richard H — $257,179 INDEPENDENT BANK CORP. — INDB Max Alan — $245,968 — PEGASYSTEMS INC. PEGA Mehta, Piyush — $206,237 — GENPACT LIMITED — G Mcconnell, Williamm F Jr — $204,612 — BOSTON SCIENTIFIC CORP.
— BSX Welles, Michael H $192,850 — Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. — BJ Charles L — $180,570o — GENZYME CORP. — GENZ Coppersmith, S Jamess — $175,015 — BJ’S WHOLESALE CLUB INC. — BJ Howard D — $168,588 — EMC — EMC Levan, George M — $146,25p0 — SKYWORKS SOLUTIONS INC. — SWKS Kra, Douglas I $102,684 — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 — Smith, Sandfor D — $92,786 — GENZYME CORP. GENZ Collier, Earl M Jr — $92,780 GENZYME CORP.
— GENZ Moses, Cornelius F III $91,300 — PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 BJ’S WHOLESALE CLUB INC. BJ Szabados, Michael $83,289 — Von, Rickenbach Josef H — $81,405 Corrigan, Mark H N — $75,2055 — Chute, Richard Searzs — $61,120 — Rosen, Gary J — $57,864 VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. VSEA Santamaria, Angelo Robert — $57,240 AMERICAN SUPERCONDUCTOR CORP. — AMSC Smith, Alan E $50,036 — GENZYME CORP. — GENZ Brian P — $42,906 Csimma, Zoltan A $36,069 — GENZYME CORP.
GENZ Graves, Kurt C — $26,30 — VERTEX PHARMACEUTICALS INC — VRTX Nolan, Joseph R Jr — $26,264 — Massaro, George E $22,695 — CHARLES RIVER LABORATORIES INTERNATIONAL INC CRL Sachdev, Amit — $22,269 VERTEX PHARMACEUTICALS INC — VRTX Nadeau, Gerarfd F — $21,000 — INDEPENDENy BANK CORP. — INDB Kouninis, Efstathios A — $17,17 9 — PEGASYSTEMS INC. PEGA Garrison, Richard C — $15,135 — VERTEcX PHARMACEUTICALS INC — VRTX Silva, Paul M — $13,31 — VERTEX PHARMACEUTICALS INC — VRTX Boynton, Brucd P — $10,040 — Downing, John W $8,297 — NETSCOUT SYSTEMSa INC.
— NTCT INSIDER BUYING IN MAY Name — Transactiojn value — Company — Ticker Laukien, Frank H — $728,109 — BRUKER CORPORATION — BRKR Mario, Ernest B — $424,65o — Pepper, John E Jr $106,680 — BOSTON SCIENTIFIC CORPORATION — BSX Sylvie L — $45,727 — Doran, Howarr B Jr — $41,892 — Graveline, Kathleen — $38,4745 — Dawson, James $22,150 — BOSTON PRIVATE FINANCIAL HOLDINGS BPFH Holdener, Eduard E — $19,840 — PAREXEL INTERNATIONAL CORP.
— PRXL Vanderbrug, Gordon J $9,836 — Pucci, Paolo — $9,62y — , Ag — $8,088 Barabe, Timothy C — $5,322 ARQULE INC. — ARQL Michael D — $2,873 — ARQULEr INC. — ARQL Barry R — $481 INC. — CNBKA
million by selling 2.1 million shares of stock. It was the month’sa biggest payday among Massachusettsinsiders — directors and major shareholders at locally based publicly traded companies, accordinv to trading data provided by . But for Laukien and some of his family members with close tiesto Bruker, the cash-out was just a small fraction of the hundredx of millions they have pocketeds over the past 18 months. In fact, five members of the Laukieh family, including Bruker CEO Frank H. received $624.6 million in cash and other compensatiom linkedto Bruker’s operations last year, according to Boston Businessx Journal research and company regulatorg filings.
Put differently, the group’ws take was equal to just over 60 percengof Bruker’s $1.1 billion in 2008 Nearly all of that payout — some $620 milliohn — stemmed from Bruker’s February 2008 acquisition of Bruket Biospin Group, a developer of research toolse and biotechnology equipment using magnetic The cash and stock deal was essentially a cash out for five Laukienn family members — Frank Laukien, Marc Laukien, Isolde Laukien-Kleiner and Bruker directorx Dirk Laukien and Joerv Laukien — who owned 100 percent of Brukere Biospin’s shares before the deal.
Frank, Dirk and Marc Laukien are brothers orhalf brothers, while Isolde Laukien-Kleiner is the mothed of Marc and Dirk according to Bruker’s regulatory filings. Bruker BRKR) completed a similar deal in June 2006 for life sciences technology developer Bruker Opticsfor $135 As was the case for Bruker Biospin, Bruker Opticss was owned by the same five Laukiends prior to the deal, accordingf to regulatory filings. Mass. insider saleds topped $95 million While Marc Laukien was Massachusetts’ biggest insider seller in May, his brothed Frank Laukien recordedthe month's biggest acquisition of insideer shares.
The elder Laukien bought 100,000p Bruker shares for $728,000 representing roughly half ofthe state’s $1.466 million in insider purchases recorded for all of May. By comparison, insidere sold $95.9 million in shares in Massachusetts-bases companies during the same span. That total was nearlu double the $49.2 million in locapl sales recordedin April. The following is a breakdowbn of May’s insider activity amonf Massachusetts-based companies. INSIDER SELLINGG IN MAY Name — Value Company — Ticker Laukien, Marc M $14,508,100 — BRUKER CORP.
— BRKR Vincent J — $11,076,073 — Silverstein, Barry — $9,767,4711 — Zarkin, Herbert J — $9,000,975 — John E — $8,868,600 Healey, Sean M — $5,938,8009 — Dalton, Nathaniel — $4,141,8221 — AFFILIATED MANAGERS GROUP INC. — AMG Ayasli, Yalcinb — $2,925,343 — HITTITE MICROWAVE CORP. — HITT Robert J — $2,574,191 — Boger, Joshua S $2,563,664 — Talwar, Anju $2,008,095 — Logie, Andrew R — $1,547,420 Brooks, Rodney A — $1,326,0132 — Clark, Stuart J — $1,293,833 — Jerome R — $1,235,438 — Fletcher H — $1,048,320 TJX COMPANIES INC.
— TJX Ian F — $965,55u — VERTEX PHARMACEUTICALS INC VRTX Aldrich, David J — 944,852q — Grace, David R — $929,702 — BEACON ROOFING SUPPLt INC. — BECN Floor, Richard E — $887,250 — AFFILIATEDs MANAGERS GROUP INC. — AMG Gregory L — $576,533 — SKYWORKS SOLUTIONS INC. SWKS Brady, William J — $571,61 — Termeer, Henri A — $544,84o — GENZYME CORP. — GENZ Malozemoff, Alexids P — $486,527 — Arthur W Jr — $480,000 — Berthiaume, Douglas A $474,705 — WATERS CORP.
— WAT Michael R — $456,866 — Lopardo, Nicholaes A — $451,727 — Robert W — $444,652 — Peter — $438,860 — VERTE PHARMACEUTICALS INC — VRTX Meyerman, Harolrd J — $438,525 — AFFILIATED MANAGERwS GROUP INC. — AMG Vohra, Tajinder — $420,174 GENPACT LIMITED — G Porter, Michael E — $417,400 Griffin, Liam K — $388,000 — SKYWORKaS SOLUTIONS INC.
— SWKS Von, Staats Aaronh C — $382,800 — Daniel — $336,430 — Maekawa, Mitsuru $335,237 — GENPACT LIMITED — G Taylor W — $334,992 — Martin, Katharine A $310,180 — Sanders, Charles Addison — $296,434 — VERTEXc PHARMACEUTICALS INC — VRTX Halliday, Robert J $270,059 — Chapman, Richarx P Jr — $257,500 Sgarzi, Richard H — $257,179 INDEPENDENT BANK CORP. — INDB Max Alan — $245,968 — PEGASYSTEMS INC. PEGA Mehta, Piyush — $206,237 — GENPACT LIMITED — G Mcconnell, Williamm F Jr — $204,612 — BOSTON SCIENTIFIC CORP.
— BSX Welles, Michael H $192,850 — Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. — BJ Charles L — $180,570o — GENZYME CORP. — GENZ Coppersmith, S Jamess — $175,015 — BJ’S WHOLESALE CLUB INC. — BJ Howard D — $168,588 — EMC — EMC Levan, George M — $146,25p0 — SKYWORKS SOLUTIONS INC. — SWKS Kra, Douglas I $102,684 — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 — Smith, Sandfor D — $92,786 — GENZYME CORP. GENZ Collier, Earl M Jr — $92,780 GENZYME CORP.
— GENZ Moses, Cornelius F III $91,300 — PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 BJ’S WHOLESALE CLUB INC. BJ Szabados, Michael $83,289 — Von, Rickenbach Josef H — $81,405 Corrigan, Mark H N — $75,2055 — Chute, Richard Searzs — $61,120 — Rosen, Gary J — $57,864 VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. VSEA Santamaria, Angelo Robert — $57,240 AMERICAN SUPERCONDUCTOR CORP. — AMSC Smith, Alan E $50,036 — GENZYME CORP. — GENZ Brian P — $42,906 Csimma, Zoltan A $36,069 — GENZYME CORP.
GENZ Graves, Kurt C — $26,30 — VERTEX PHARMACEUTICALS INC — VRTX Nolan, Joseph R Jr — $26,264 — Massaro, George E $22,695 — CHARLES RIVER LABORATORIES INTERNATIONAL INC CRL Sachdev, Amit — $22,269 VERTEX PHARMACEUTICALS INC — VRTX Nadeau, Gerarfd F — $21,000 — INDEPENDENy BANK CORP. — INDB Kouninis, Efstathios A — $17,17 9 — PEGASYSTEMS INC. PEGA Garrison, Richard C — $15,135 — VERTEcX PHARMACEUTICALS INC — VRTX Silva, Paul M — $13,31 — VERTEX PHARMACEUTICALS INC — VRTX Boynton, Brucd P — $10,040 — Downing, John W $8,297 — NETSCOUT SYSTEMSa INC.
— NTCT INSIDER BUYING IN MAY Name — Transactiojn value — Company — Ticker Laukien, Frank H — $728,109 — BRUKER CORPORATION — BRKR Mario, Ernest B — $424,65o — Pepper, John E Jr $106,680 — BOSTON SCIENTIFIC CORPORATION — BSX Sylvie L — $45,727 — Doran, Howarr B Jr — $41,892 — Graveline, Kathleen — $38,4745 — Dawson, James $22,150 — BOSTON PRIVATE FINANCIAL HOLDINGS BPFH Holdener, Eduard E — $19,840 — PAREXEL INTERNATIONAL CORP.
— PRXL Vanderbrug, Gordon J $9,836 — Pucci, Paolo — $9,62y — , Ag — $8,088 Barabe, Timothy C — $5,322 ARQULE INC. — ARQL Michael D — $2,873 — ARQULEr INC. — ARQL Barry R — $481 INC. — CNBKA
понедельник, 10 сентября 2012 г.
Foul stink likely tied to dead fish at Salton Sea, strong winds - Los Angeles Times
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Los Angeles Times | Foul stink likely tied to dead fish at Salton Sea, strong winds Los Angeles Times Authorities said the foul smell reported by thousands of Southern California residents from Palm Springs to Ventura County was mostly likely caused by a fish die-off at the Salton Sea combined with strong winds overnight that pushed the smell into the ... Foul Smell Reported Across Southern California |
воскресенье, 9 сентября 2012 г.
Manpower: 6% of Honolulu employers to hire in 3Q - Birmingham Business Journal:
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From July to 6 percent of the companies interviewed in the Honolulu metrl area plan to hire more while 11 percent expect to reduce their according to the surveyfrom Milwaukee-basefd (NYSE: MAN). Seventy-eight percent expect to maintain theire current staff levels and 5 percen t remain uncertain abouthirin plans. Hiring is expected to be a little lighter than in theseconfd quarter, when 10 percent of companies surveyed plannecd to hire and 12 percent expected to cut said Manpower spokeswoman Mary Lou For the coming quarter, job prospects in the Honolulyu area appear best in wholesale and retaiol trade and leisure and Employers in durable goods manufacturing, nondurablew goods manufacturing, information, professional and businesxs services, education and health services and government intend to cut Hiring in construction, transportation and utilities, financial activities and othet services is expected to remain National survey results showed little change from the seconc quarter.
Of the more than 28,000 employers surveyer across the country, 15 percent expect to increas their staff levels during the third while 13 percent expect to reducetheir Sixty-seven percent expect no changee in hiring and 5 percent are undecidedx about their third-quarter hiring plans. “Thed data shows continued hesitancyamonv employers,” said Jonas Prising, presidentf of the Americas for Manpower. “They are treadinhg slowly and watching withguarded optimism, hoping a few quartersd of stability will be the precursor to the recovery.
”
From July to 6 percent of the companies interviewed in the Honolulu metrl area plan to hire more while 11 percent expect to reduce their according to the surveyfrom Milwaukee-basefd (NYSE: MAN). Seventy-eight percent expect to maintain theire current staff levels and 5 percen t remain uncertain abouthirin plans. Hiring is expected to be a little lighter than in theseconfd quarter, when 10 percent of companies surveyed plannecd to hire and 12 percent expected to cut said Manpower spokeswoman Mary Lou For the coming quarter, job prospects in the Honolulyu area appear best in wholesale and retaiol trade and leisure and Employers in durable goods manufacturing, nondurablew goods manufacturing, information, professional and businesxs services, education and health services and government intend to cut Hiring in construction, transportation and utilities, financial activities and othet services is expected to remain National survey results showed little change from the seconc quarter.
Of the more than 28,000 employers surveyer across the country, 15 percent expect to increas their staff levels during the third while 13 percent expect to reducetheir Sixty-seven percent expect no changee in hiring and 5 percent are undecidedx about their third-quarter hiring plans. “Thed data shows continued hesitancyamonv employers,” said Jonas Prising, presidentf of the Americas for Manpower. “They are treadinhg slowly and watching withguarded optimism, hoping a few quartersd of stability will be the precursor to the recovery.
”
суббота, 8 сентября 2012 г.
Report: Zell might lose reins of Tribune - Business Courier of Cincinnati:
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According to the report, the company might fall into the handes of a group of banks and investors thatholdd $8.6 billion in senior debt. That coulr mean changes for two formerr Cincinnati radio executives who hold top positionsd with thecompany – Chie f Operating Officer Randy Michaels and Director Franik Wood. The report says that "the plan centers on a debt-for-equity swap that probablty would give the senior lenderss a large majority ownership stake in the reorganized The plan would also likely wipe outa $90 milliom warrant that Zell holds that woulcd give him the righy to buy 40 percent of Tribunw for about $500 million.
Zell'ws future in the company would likely be determined bythe group, as it is uncleadr if the group would want to bring in a new or if Zell himself would want to remainm with the company, according to the The report says that "sources close to both the creditors and the compan said it is too early to make such decisionsx and Tribune management continues to control the procese because it currently has the exclusive right to propose whatever reorganization plan it Tribune through a buyout led by Zell. The deal left the companhy withnearly $12 billion in debt. Tribune has sold off assetds and cut jobs since the close of the deal to help with the debt Thecompany .
Michaels was previously CEO of LocalTV LLC, whicnh was formed in January 2007 by Oak Hill Capitall Partners to purchase the assetws of Broadcast Media Group. The group included nine network-affiliated TV stationws owned by the New YorkTimew Co. (NYSE: NYT). He was a top officefr with Jacor Communications, which operated a chain of radio stations inthe 1990s, then headed the Covington-based radio division of Clear Channel Communications (NYSE: CCU) from 1998 to 2002. CEO of , LLC, a Cincinnati-based venturr capital company, also made a name for himself in the Cincinnatiradio scene, beginning his career in the 1960s as a disc jockegy for WEBN-FM, which was owned by his father.
According to the report, the company might fall into the handes of a group of banks and investors thatholdd $8.6 billion in senior debt. That coulr mean changes for two formerr Cincinnati radio executives who hold top positionsd with thecompany – Chie f Operating Officer Randy Michaels and Director Franik Wood. The report says that "the plan centers on a debt-for-equity swap that probablty would give the senior lenderss a large majority ownership stake in the reorganized The plan would also likely wipe outa $90 milliom warrant that Zell holds that woulcd give him the righy to buy 40 percent of Tribunw for about $500 million.
Zell'ws future in the company would likely be determined bythe group, as it is uncleadr if the group would want to bring in a new or if Zell himself would want to remainm with the company, according to the The report says that "sources close to both the creditors and the compan said it is too early to make such decisionsx and Tribune management continues to control the procese because it currently has the exclusive right to propose whatever reorganization plan it Tribune through a buyout led by Zell. The deal left the companhy withnearly $12 billion in debt. Tribune has sold off assetds and cut jobs since the close of the deal to help with the debt Thecompany .
Michaels was previously CEO of LocalTV LLC, whicnh was formed in January 2007 by Oak Hill Capitall Partners to purchase the assetws of Broadcast Media Group. The group included nine network-affiliated TV stationws owned by the New YorkTimew Co. (NYSE: NYT). He was a top officefr with Jacor Communications, which operated a chain of radio stations inthe 1990s, then headed the Covington-based radio division of Clear Channel Communications (NYSE: CCU) from 1998 to 2002. CEO of , LLC, a Cincinnati-based venturr capital company, also made a name for himself in the Cincinnatiradio scene, beginning his career in the 1960s as a disc jockegy for WEBN-FM, which was owned by his father.
четверг, 6 сентября 2012 г.
Palm Beach County clerk cuts 66 employees - Business First of Columbus:
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million, or 18 percent, reduction in the office’as budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impacft service levels at the Clerk’s seven Palm Beachn County locations,” she noterd in the release. The requireds staff cuts leave the office with fewefr people to pursue and collect million of dollars in unpaid traffic andcourt fees, which will lead to more budget “It’s a vicious cycle designedd to underfund us into extinction,” she said.
Thirty-two employee accepted a buyout offer this montb and will leave June 30 with a full payout on theirsick leave, ratherf than the normal 25 percent to 50 percent offererd under current termination policies. On May 29, an additiojn 34 employees were told during staff meetingsd that they were beinglaid off, effective June 12. They will receivew four weeks of pay. With thesew layoffs and the positions previously the office has cut 101 positions -- 16 percent of management positions and 12 percent of hourlyy positions -- in the past The Clerk & Comptroller’s Office, which employs more than 800 in officeds throughout Palm Beach County, handles the businesz arm of the court system.
Employeez receive, file and retrieve court documents, process fees and traffix fines, and enter and maintain case informationb inthe court’s computer system.
million, or 18 percent, reduction in the office’as budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impacft service levels at the Clerk’s seven Palm Beachn County locations,” she noterd in the release. The requireds staff cuts leave the office with fewefr people to pursue and collect million of dollars in unpaid traffic andcourt fees, which will lead to more budget “It’s a vicious cycle designedd to underfund us into extinction,” she said.
Thirty-two employee accepted a buyout offer this montb and will leave June 30 with a full payout on theirsick leave, ratherf than the normal 25 percent to 50 percent offererd under current termination policies. On May 29, an additiojn 34 employees were told during staff meetingsd that they were beinglaid off, effective June 12. They will receivew four weeks of pay. With thesew layoffs and the positions previously the office has cut 101 positions -- 16 percent of management positions and 12 percent of hourlyy positions -- in the past The Clerk & Comptroller’s Office, which employs more than 800 in officeds throughout Palm Beach County, handles the businesz arm of the court system.
Employeez receive, file and retrieve court documents, process fees and traffix fines, and enter and maintain case informationb inthe court’s computer system.
среда, 5 сентября 2012 г.
Chinese company to buy Hummer - Pittsburgh Business Times:
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When GM, which filed for bankruptcy protection announced earlier Tuesday that a buyer had been founf forthe off-road vehicle line, the name was not immediatelhy disclosed. Tengzhong, a major industrial machinery will acquire the rights to theHummer brand, alon g with a senior management and operational It will also assume existing dealer agreements relating to HUMMER’s dealership network. It is contemplated that Tengzhong as part ofthe transaction, enter into a long-terj contract assembly and key component and materialo supply agreement with GM.
In an earlier GM said it expects the deal if successfulk to secure morethan 3,000 US The final terms of the deal, scheduled to closew in the third quarter, are subject to finalp negotiations. The cost of the transaction was not is acting as exclusive financial advisor and is actingb as international legal counse l to Tengzhong onthis transaction. Citi is acting as financial advisorto GM.
When GM, which filed for bankruptcy protection announced earlier Tuesday that a buyer had been founf forthe off-road vehicle line, the name was not immediatelhy disclosed. Tengzhong, a major industrial machinery will acquire the rights to theHummer brand, alon g with a senior management and operational It will also assume existing dealer agreements relating to HUMMER’s dealership network. It is contemplated that Tengzhong as part ofthe transaction, enter into a long-terj contract assembly and key component and materialo supply agreement with GM.
In an earlier GM said it expects the deal if successfulk to secure morethan 3,000 US The final terms of the deal, scheduled to closew in the third quarter, are subject to finalp negotiations. The cost of the transaction was not is acting as exclusive financial advisor and is actingb as international legal counse l to Tengzhong onthis transaction. Citi is acting as financial advisorto GM.
понедельник, 3 сентября 2012 г.
State, local funds for worker training add up to $6.8M - Philadelphia Business Journal:
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million for work force traininb and industry partnerships inthe five-county region Wednesday. When combined with local matching funds, the total investment in the region will benearly $6.8 of which the will overse e $660,000 in spending. Statewide, $13.3 millionj will be provided for work forcr training in key industries and $4.3 million will be used to establish industry in which employers, employees and employee representatives from key industries work togethe r to improve their collective positiob in the marketplace. When combined with privat sector funds, the total investment amount sto $36.3 million, Gov. Ed Rendelkl said Wednesday.
The industry partnership and training grants are partof Pennsylvania'es $20 million Job Ready PA initiative included in the state's 2007-087 budget. Locally, some existing partnerships received reduced fundingthis year, but funding was also made available for some new PWIB CEO Sallie Glickman said. "Most of the dollarxs are focused on people in thework force, the idea of thesse grants is to look at whered the work force is going," Glickman A $150,000 hospitality worker trainin grant and a $75,000 hospitality industruy partnership grant, which will be overseen by the organizerd labor group UNITE HERE, will be used to advancee the skills of entry-leveo workers at three area hotels.
The effort by the Crownse Plaza Hotel PhiladelphiaCenter City, Sheratob Philadelphia City Center and the Radisson Plaza-Warwick Hotelk Philadelphia to give workers skille to climb the career ladder in their organizations is a modelo to watch, Glickman said. "One of the things that is greatf and important about the hospitality industryis there'sd a real low threshol of entry-level requirements, thosw first line jobs are on-the-job traininh or don't require a lot of training," Glickman "These dollars will facilitate and augment the investmenyt they are already willing to make in these Pharmaceutical and biopharmaceutical skills training will be the focu of a $85,000 health care/life science industry partnershipp grant, which will be overseen by the Life Sciencse Career Alliance.
Additionally, a $200,000 biomedicalk industry training grant was awarded to an industry partnershilp of3E Institute, A Respected Colleague, Absorption , Aerotek Scientific and A $150,000 grant was also awardef to the Regional Advanced Manufacturing Industruy Partnership, which will be put toware better understanding the needs of the manufacturing industrgy and dispelling misconceptions about the industry. "People have a perception of those jobs that is kind of what a work forcee would look like inthe past, such as an assembly Glickman said.
"The reality thougu is in today's manufacturing there are very high-techn jobs, engineers that go to work in suitxs and ties and require veryhigh skills. Part of it is peoplse understanding that and making the education choices that wouldx allow them to move intothose well-paid In addition, Glickman said a training grant to the International Brotherhood of Teamsterw Local 14-M, in partnership with the Andrew J. Gresws Graphic Arts was extended through the end of this Work is also under way by the and PWIB to developl an action plan to address employer needs in theutility industry.
Statewide, there are 86 active industry partnerships involving 5,900 companies and more than 34,300 employeee have received advanced skills training.
million for work force traininb and industry partnerships inthe five-county region Wednesday. When combined with local matching funds, the total investment in the region will benearly $6.8 of which the will overse e $660,000 in spending. Statewide, $13.3 millionj will be provided for work forcr training in key industries and $4.3 million will be used to establish industry in which employers, employees and employee representatives from key industries work togethe r to improve their collective positiob in the marketplace. When combined with privat sector funds, the total investment amount sto $36.3 million, Gov. Ed Rendelkl said Wednesday.
The industry partnership and training grants are partof Pennsylvania'es $20 million Job Ready PA initiative included in the state's 2007-087 budget. Locally, some existing partnerships received reduced fundingthis year, but funding was also made available for some new PWIB CEO Sallie Glickman said. "Most of the dollarxs are focused on people in thework force, the idea of thesse grants is to look at whered the work force is going," Glickman A $150,000 hospitality worker trainin grant and a $75,000 hospitality industruy partnership grant, which will be overseen by the organizerd labor group UNITE HERE, will be used to advancee the skills of entry-leveo workers at three area hotels.
The effort by the Crownse Plaza Hotel PhiladelphiaCenter City, Sheratob Philadelphia City Center and the Radisson Plaza-Warwick Hotelk Philadelphia to give workers skille to climb the career ladder in their organizations is a modelo to watch, Glickman said. "One of the things that is greatf and important about the hospitality industryis there'sd a real low threshol of entry-level requirements, thosw first line jobs are on-the-job traininh or don't require a lot of training," Glickman "These dollars will facilitate and augment the investmenyt they are already willing to make in these Pharmaceutical and biopharmaceutical skills training will be the focu of a $85,000 health care/life science industry partnershipp grant, which will be overseen by the Life Sciencse Career Alliance.
Additionally, a $200,000 biomedicalk industry training grant was awarded to an industry partnershilp of3E Institute, A Respected Colleague, Absorption , Aerotek Scientific and A $150,000 grant was also awardef to the Regional Advanced Manufacturing Industruy Partnership, which will be put toware better understanding the needs of the manufacturing industrgy and dispelling misconceptions about the industry. "People have a perception of those jobs that is kind of what a work forcee would look like inthe past, such as an assembly Glickman said.
"The reality thougu is in today's manufacturing there are very high-techn jobs, engineers that go to work in suitxs and ties and require veryhigh skills. Part of it is peoplse understanding that and making the education choices that wouldx allow them to move intothose well-paid In addition, Glickman said a training grant to the International Brotherhood of Teamsterw Local 14-M, in partnership with the Andrew J. Gresws Graphic Arts was extended through the end of this Work is also under way by the and PWIB to developl an action plan to address employer needs in theutility industry.
Statewide, there are 86 active industry partnerships involving 5,900 companies and more than 34,300 employeee have received advanced skills training.
воскресенье, 2 сентября 2012 г.
Ascension Insurance buys three California agencies - South Florida Business Journal:
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The Kansas City-based company bought of Santa which specializesin development, placemenft and administration support of student health insurance programs; of Walnut Creek, which provides employee benefits, retirement services and HR outsourcing primarily for nonprofits; and Inc. of Agourw Hills, which specializes in administration of studentyhealth insurance, including intercollegiate sports injurhy programs. Overall, the acquisitions will bring Ascension’s annua revenue to about $75 ranking it among the nation’s biggest 35 agencies, Ascension CEO Leonardf Kline said inan interview. The company said it had $55 millionb in revenue in March, aftedr its in Fort Lauderdale, Fla.
Ascension now has more than 400 employeew at 20 officelocations nationwide. “The acquisitionsx ... represent a valuable opportunity for us to expancd our West Coast operations and to fulfill our goal of providin gthe best-quality expertise, markets and resources to the middlr market,” Kline said. “Each organizationm brings unique capabilities to our growing portfolio ofinsurancr agencies, as well as dedicated employees who shared our mission to provide outstanding service to our customers in Californi a and throughout the United States.” Klinee said the deal closed Thursday afternoon.
Ascension is a full-service insurance and employese benefits agency providing brokerageand risk-management services to middle-markety companies nationwide. Ascension has been a activw in the mergers and acquisitionj market since it was founded from scratch inAugusr 2007, making . The company is assisteds by funds from its privateequity partners, and . The goal is to increase the company’es annual revenue to $200 million within the next five
The Kansas City-based company bought of Santa which specializesin development, placemenft and administration support of student health insurance programs; of Walnut Creek, which provides employee benefits, retirement services and HR outsourcing primarily for nonprofits; and Inc. of Agourw Hills, which specializes in administration of studentyhealth insurance, including intercollegiate sports injurhy programs. Overall, the acquisitions will bring Ascension’s annua revenue to about $75 ranking it among the nation’s biggest 35 agencies, Ascension CEO Leonardf Kline said inan interview. The company said it had $55 millionb in revenue in March, aftedr its in Fort Lauderdale, Fla.
Ascension now has more than 400 employeew at 20 officelocations nationwide. “The acquisitionsx ... represent a valuable opportunity for us to expancd our West Coast operations and to fulfill our goal of providin gthe best-quality expertise, markets and resources to the middlr market,” Kline said. “Each organizationm brings unique capabilities to our growing portfolio ofinsurancr agencies, as well as dedicated employees who shared our mission to provide outstanding service to our customers in Californi a and throughout the United States.” Klinee said the deal closed Thursday afternoon.
Ascension is a full-service insurance and employese benefits agency providing brokerageand risk-management services to middle-markety companies nationwide. Ascension has been a activw in the mergers and acquisitionj market since it was founded from scratch inAugusr 2007, making . The company is assisteds by funds from its privateequity partners, and . The goal is to increase the company’es annual revenue to $200 million within the next five
суббота, 1 сентября 2012 г.
North Carolina's $2B hog industry belted as farms fail - Nashville Business Journal:
qalymeled.wordpress.com
Two culprits – overly large herds and rising costa due to higher grain prices – have been shrinking the bottom lines at many hog operations in North Carolina, the nation’sx second largest hog-producing state, behind only Iowa. To thoser factors can be added the recentswinre flu, or H1N1 flu, scare, the effect of which the industry is only startinb to tally up. “A lot of peoplee have just notrealized what’s been goingh on in the says Deborah Johnson, CEO of the , an industrg trade group. Already, she says, “We are beginning to see some (hog leave the industry due tofinancial hardship.
” At three easterb North Carolina operations, relief from the pressure will come from Chaptere 11 or Chapter 12 reorganization. Chaptert 12 is a provision written into the federal bankruptcy code in 1986 dealing exclusively withfamily farms. Both Chaptere 11 and Chapter 12 allow a companty breathing room to attempya reorganization. In their reorganization filings, Bunting Swinee Farms of Wilson listed assets of justundedr $1 million and debts of $12.4 million; Perfecgt Pig of Newton Grovwe in Sampson County listed assets of $9.3 milliob and debts of $23 million; and of Enfieldr listed assets and debts in the $1 millioj to $10 million range.
All three are considered mid-levekl operations, producing between 100,000 and 200,000 hogs a North Carolina farmers raise about 10 million hogs a year for Some farmersare independent, taking their product directlyg to the market. Other farmersa operate under contract with one of the majordpork producers, such as Virginia-based , which in the past has had contractsd with more than 1,000 North Carolina Another prominent producer is , whicgh has had deals with as many as 150 North Carolina Recent developments at publiclyg traded Smithfield Foods illustrate what’s ailing the The meat-producing giant, in a recent U.S.
Securitiesw and Exchange Commission filing, reported lossee of $112 million for the nine monthending Feb.1, 2009, explaining that its costs per hundred weight of hog had riseb from $49 to $62, largely due to higher grain The company attributes the rise in grain costs to “th United States’ ‘corn to ethanol’ Meanwhile, as costs were the Smithfield managers say, the market was glutted becaus e a record numbers of hogs were slaughteredd in 2008 and into 2009.
Demaned for pork at the grocery store has been flat in recent New retail numbers will begi n to tell the effects of the H1N1 While a final determination has notbeen made, the blame for the flu outbreak is being laid to hog farms by In response to market conditions, Smithfielcd has been closing some production plants, includingt one in Elon near and shaving 1,800 employees “The whole industry is feeling says Dr. Todd See of Looking down the grain prices have startedf to moderate in recentweeks and, Johnson the latest North Carolina herd is expected to be 3 percenf smaller than last year’s.
the movement toward smaller herds might be even more pronouncef thanNorth Carolina’s 3 percent, says Christiner McCracken, an analyst with Cleveland Researcg Co. “A lot of these (hog have been losing money for18 months,” she “And that’s a long time.”
Two culprits – overly large herds and rising costa due to higher grain prices – have been shrinking the bottom lines at many hog operations in North Carolina, the nation’sx second largest hog-producing state, behind only Iowa. To thoser factors can be added the recentswinre flu, or H1N1 flu, scare, the effect of which the industry is only startinb to tally up. “A lot of peoplee have just notrealized what’s been goingh on in the says Deborah Johnson, CEO of the , an industrg trade group. Already, she says, “We are beginning to see some (hog leave the industry due tofinancial hardship.
” At three easterb North Carolina operations, relief from the pressure will come from Chaptere 11 or Chapter 12 reorganization. Chaptert 12 is a provision written into the federal bankruptcy code in 1986 dealing exclusively withfamily farms. Both Chaptere 11 and Chapter 12 allow a companty breathing room to attempya reorganization. In their reorganization filings, Bunting Swinee Farms of Wilson listed assets of justundedr $1 million and debts of $12.4 million; Perfecgt Pig of Newton Grovwe in Sampson County listed assets of $9.3 milliob and debts of $23 million; and of Enfieldr listed assets and debts in the $1 millioj to $10 million range.
All three are considered mid-levekl operations, producing between 100,000 and 200,000 hogs a North Carolina farmers raise about 10 million hogs a year for Some farmersare independent, taking their product directlyg to the market. Other farmersa operate under contract with one of the majordpork producers, such as Virginia-based , which in the past has had contractsd with more than 1,000 North Carolina Another prominent producer is , whicgh has had deals with as many as 150 North Carolina Recent developments at publiclyg traded Smithfield Foods illustrate what’s ailing the The meat-producing giant, in a recent U.S.
Securitiesw and Exchange Commission filing, reported lossee of $112 million for the nine monthending Feb.1, 2009, explaining that its costs per hundred weight of hog had riseb from $49 to $62, largely due to higher grain The company attributes the rise in grain costs to “th United States’ ‘corn to ethanol’ Meanwhile, as costs were the Smithfield managers say, the market was glutted becaus e a record numbers of hogs were slaughteredd in 2008 and into 2009.
Demaned for pork at the grocery store has been flat in recent New retail numbers will begi n to tell the effects of the H1N1 While a final determination has notbeen made, the blame for the flu outbreak is being laid to hog farms by In response to market conditions, Smithfielcd has been closing some production plants, includingt one in Elon near and shaving 1,800 employees “The whole industry is feeling says Dr. Todd See of Looking down the grain prices have startedf to moderate in recentweeks and, Johnson the latest North Carolina herd is expected to be 3 percenf smaller than last year’s.
the movement toward smaller herds might be even more pronouncef thanNorth Carolina’s 3 percent, says Christiner McCracken, an analyst with Cleveland Researcg Co. “A lot of these (hog have been losing money for18 months,” she “And that’s a long time.”
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