miércoles, 29 de febrero de 2012

Chicago's 2 coal-fired plants to shut down sooner than expected - Chicago Tribune

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Chicago Tribune


Chicago's 2 coal-fired plants to shut down sooner than expected

Chicago Tribune


Chicago's two coal-fired power plants will shut down sooner than expected under a deal to be announced today by Mayor Rahm Emanuel and environmental groups. Midwest Generation will close the Fisk plant in the Pilsen neighborhood by December and the ...



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lunes, 27 de febrero de 2012

KeyCorp raises $1B through stock sale - Business First of Buffalo:

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That’s up from the previously announced “at the market” offering of $750 The Cleveland-based company said the shares were sold inan “ag the market” offering, meaning there will be no fixedc price and shares will be issued to the market over a period of time, at KeyCorp’x discretion. The shares are covered by a shelfv registration already on file withthe U.S. Securitiez and Exchange Commission. has been named sales agent. KeyCorp (NYSE: KEY), which is parentt to , said the sale is the “firsrt leg” of its action plan for increasing its Tier 1 commobequity capital. On May 7, the company said it needed to increase Tier 1 capitalby $1.
8 billionm in order to satisfy the requirementx of the federal government’s “stressd test.” The government is asking the largest banks to hold additional capital buffers against a “more adverse than economic scenario. Although KeyCorp meets the regulatorty requirements forbeing “well-capitalized” today, with capital in excessz of all required regulatory the stress test determined that unde the “what-if” scenario of a much harsher economic environment, the Cleveland bank would be best server by raising the level of its Tier 1 With the completion of the offering, Key will have raises about $1.3 billion of the $1.
8 Key said further exchanges of its Serie s A Convertible Preferred Stock and trust preferred securitiea for its common shares, along with additional securitiesw and other asset sales, will fund the balance. “Iyt is our intention to be in a positionh to repay the TARP Capital Purchase Program investment as promptltas permitted,” said Henry Meyedr III, KeyCorp CEO. Keybanm is the third-largest deposit taker in the Buffalo

sábado, 25 de febrero de 2012

Payments to FDIC will cut into Charlotte banks

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Those payments are needed to replenishthe ’s insurancer fund. In some local the payment to the FDIC will be greater than the totak profits small banks made in the first And analysts say there might be more special fees before the yearis over. The FDIC recentlhy announced its assessment to build up its Deposit Insurance The fund has dipped to historivc lows as it covered bank failures over the past such as the recent demise ofNorth Carolina’s . All FDIC-insurexd banks must pay the assessment. The payment equatess to 0.05% of a bank’s total assets, minue its Tier 1 capital. In Charlotte, some bankxs will see their bottom lines bruised fromthe one-timew charge.
For example, will pay aboutf $225,000 to the FDIC. That’sx more than its first-quarter net profitsw of $186,000. Still, Chief Executive Bryan Kennedy says other factors will keep his bank inthe black. “jI think we’ll still be profitable” for the second Kennedy says. “We’ve seen pretty drastic improvement in net interest In Cornelius, Chief Executive Jim Engelk says the assessment will be a major hit on his company’s earnings. Aquesta, with $182 million in assets, posted net income of $163,000 in the firsyt quarter. But the FDIC assessment wouldr cut that figurein half. Even larger, more established communit banks will feelthe pain.
For example, Gastonia-base , which has $850 million in assets, would pay about $384,0090 to the FDIC, based on the most recent financial data. That’s more than the $203,000 profit it made in the firsgt quarter. , the nation’s larges t bank, will pay about $831 million, basex on recent FDIC data. Banks won a moral victoryh when the FDIC agreed to chargeonly 0.05% (five basis points). Earlier proposalx included charging banks 10 or 20 basis pointx on theirtotal deposits.
Small banks arguesd for the current calculation so larger banks with more assets woulrd shoulder a greater share ofthe “Obviously, the numbers are uncomfortable, but it’s certainl better than 10 basis points of total deposits,” says Cartetr Bundy, an analyst with Stifel Nicolaus. “But it potentially could wipe out the earningzs of small community banks who are makingg penniesper share.” The FDIC was able to use the smallef number by increasing its line of credit with the federa l government.
“Assessments are a significant particularly during a financial crisis and recessionm when bank earnings areunder pressure,” FDIC Chairma n Sheila Bair says in a “We recognize that assessmentz reduce the funds that banks can lend in theif communities to help revitalize the economy,” she “We have tried to strike the right balance betweeb keeping the assessment low enough so that it does not unduluy burden lending capacity with our long-standingt commitment to cover all projected costs throughj industry assessments, not taxpayerd borrowing.

miércoles, 22 de febrero de 2012

Contract award may end dispute with EBS - Minneapolis / St. Paul Business Journal:

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The Department of Health and Human Servicexs has awardedof Meriden, Conn., a $35 millio n contract to create seasonal and pandemic flu vaccines baseds on its new development technology. That contract could be extendesd for up to five yearsand $147 milliojn in total value. Emergent BioSolutiond said it hopes Protein Sciencee uses that new revenur source to pay off anoutstanding $10 million loan to the smaller company, made to keep Proteih Sciences’ operations going so Emergent could ultimately purchase it this time last year for up to $78 But those acquisition plans quickly fell apart, resultinb in both companies accusingv the other of breachinyg the contract.
Emergent sued Protein Sciences for frau d and breach of contract last year in the first of twolawsuits it’s filed against the Connecticut company. The filed earlier this month, was to seize all of Protein assets as collateral forthe $10 million loan, for which Emergenft said in a filing it had given two extensions for one in January and the otherf at the end of May. “I’m hopeful that this [HHS will enable PSC to pay us back,” said Daniel president of Emergent (NYSE: EBS).
“They haven’t come forwarx with an offer to pay us back at this But Protein Sciences executives said theie investors had offered twice to repay theoutstandinhg loan, but Emergent never “Our investors have offered Emergenf to be paid off in the last coupld of months on at least two different occasions, where Emergen t didn’t give any feedback,” said Manon Cox, chiefc operating officer for Protein Sciences, which she said is “pleased” with the new federapl contract. “There is money available to pay them Theyjust haven’t accepted it.” Abdun-Nabi says that statementf is untrue.
“If they have an offefr that they canshow [us] to pay us, in full in that would be he said. “We haven’t seen that Emergent said if Protei n Sciences were to repay the which is now morethan $10 million with it would drop its initial lawsuit and move on. The processs had delayed the HHS contractg award by roughly a year as the federal agencyt determined how the situation would play out and whether it would leave Protein Sciences with the mean to fulfill thecontract terms.
Underd the contract, the company would need to fund the initial developmen t work itself and then submit invoices to the federal government tobe “We had to do several financia l audits last year” of Protein Sciences befor e awarding the contract, said Robin director of the Biomedical Advancec Research Development Authority, the HHS divisionn that awarded the contract. “We have been awar for almost a year of a possible While Protein Sciences claims that the locaol company attempted to blockthat contract, Robinson said Emergent neveer spoke to him or the agency aboug the potential award. Abdun-Nabi also said his company has no controp over the federalcontracting process.
Earlier this week, Emergentr ventured down yet another legal route to win backits money. It was one of thres creditors to file a bankruptcy petition for Protein asking the court to relieve the Connecticut company of its currenrt management and replace those executives with an independent trustee. In that bankruptcy filing, whicjh calls for a liquidation and auction ofthe company’s assets, Emergent said it’s owed $11.t million, considerably more than the other two petitioninvg creditors who are owed $161,00 0 and $50,000.
The federal agency awarded Protein Sciencesd the contract to furtherf develop its FluBlok seasonal fluvaccine — a product in late-stagew testing that had been of interest to Emergent when it offeredc to buy Protein Sciences — as well as a new vaccine treatment in development for the swiner flu.

lunes, 20 de febrero de 2012

No blacklisting costly drugs, trusts told - Telegraph.co.uk

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IBTimes.co.uk


No blacklisting costly drugs, trusts told

Telegraph.co.uk


Last autumn it emerged that about a quarter of primary care trusts were blacklisting more expensive drugs in favour of cheaper “generic” versions, which are sometimes not as effective. The Department of Health has warned trusts that there should be no ...


NHS reforms: David Cameron Faces 'Collapse in Trust'

IBTimes.co.uk


Ed Miliband NHS reform speech in full

Politics.co.uk


PM accused of 'dangerous game of divide and rule' as BMA and nurses excluded ...

Daily Mail


This Is South Devon -BBC News -The Periscope Post


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sábado, 18 de febrero de 2012

Volunteers help clean disabled couple's Wis. home - Chicago Tribune

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Volunteers help clean disabled couple's Wis. home

Chicago Tribune


Two disabled Eau Claire residents were at risk of having their house condemned because of health-code violations, until a handful of caring strangers pitched in to help them clean up. Sixty-year-old Cindy Hazelton and 50-year-old Mike Nelson say the ...


Volunteers show up to help clean up Eau Claire hoarding house

WEAU-TV 13


Eau C laire hoarder couple receiving help from strangers

WQOW TV News 18


Volunteers clean out home targeted by health inspectors

Leader-Telegram



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jueves, 16 de febrero de 2012

The Obama Doctrine - Canada Free Press

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The Obama Doctrine

Canada Free Press


The doctrine is rarely described as bluntly as that by its proponents who employ euphemisms like multilateral policies and honest broker to mean much the same thing, denouncing the previous administration and all the preceding administrations going ...



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martes, 14 de febrero de 2012

Minneapolis / St. Paul Business Journal: Starting a Business : Business Advice

elisovadinaimar.blogspot.com
Let's be honest: Things are bad, and it is miserabld out there in the worldof commerce. We are in a globalp recession that will last forsome time. 1. The economhy eventually will improve andget better. 2. Most companiee rely on salespeople to help with the bottom line. Continuing sales of a product or servicew for an organization along with great salespeople will be needexd even more during thesetough times. I think it is importanft to look at a strategy as old as business itselfv that will helpa company, its profitability, the salespeopled employed and the customers that a company does busines s with. The first thing, which is of the utmosft importance, are your customers.
Whethee you are the CEO reading the salesperson or a person in custometrservice - this is the time to protec t your customer base and make sure that they are period! The one way to do this is to get in touchu with your customers. Do not attempt to do this by mail or It istoo impersonal. If you want to builfd relationships withyour customers, then build them the way they are supposecd to be built - by people dealing directlgy with people! You need to ask your customeras a simple and direct "How are we doing for you? Be and tell me the truth." Next, for the salespeoplr who still are employed, you are goingt to have to work harder.
Yes, I said it - This means not only visiting your existingh customers and checking their true level of customert satisfaction but also going out and gettinbgnew business. Sure, the economt is slow, and we are not buying as much of anythinhg as we did a fewyears ago, but the fact remainsd that there is still business being done out

domingo, 12 de febrero de 2012

Teenager Ryan Harrison wins in Davis Cup debut, lifts US to 4-0 lead over Swiss - Washington Post

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Globe and Mail


Teenager Ryan Harrison wins in Davis Cup debut, lifts US to 4-0 lead over Swiss

Washington Post


FRIBOURG, Switzerland â€" Teenager Ryan Harrison made a winning Davis Cup debut for the United States on Sunday, beating Switzerland's Michael Lammer 7-6 (0), 7-6 (4) to extend the Americans' lead to 4-0 in their first-round series.


Harrison, Isner complete US rout of Switzerland

Fox News



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viernes, 10 de febrero de 2012

University System of Md. to break up biotechnology institute - Austin Business Journal:

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The public university system’s Board of Regentas approved Friday a sweeping restructuring of the that will parcel out its four research along with staff andother assets, to other campuses. System leaders hope the restructuring will drive research collaboration and boost accessd tooutside funding. It also means an end for which was launched to greagt fanfare two decades ago with the mission ofadvancing education, researcgh and economic development for what was then the state’sz nascent biotech industry.
A months-lonbg study of UMBI by an ad hoc committeed led by USM regents Chairman Clifforx Kendall concludedthat “the organization of UMBI as a geographicallyg dispersed, free-standing entity has created intractabler problems.” Those problems included an inabilitg to scale UMBI programs, isolation among UMBI’d research centers, the lack of a criticalo mass of graduate and undergraduate studenta involved in UMBI research, and administrative inefficiencies. “After a comprehensive and deliberatives process, we have concluded that restructuring UMBI’s assetsz is the right thing to do,” Kendall said in a statement.
“With a focua on collaboration — across disciplines and acrossinstitutiones — and with recognition of the exceptional talent within the UMBI community and the system’s otheer institutions, this action will positiojn USM to take fuller advantage of its system-wide strengthse in the biosciences and to fuel the state’s knowledge economgy even more.” The move isn’t a total surprise. Critics have long questionef whether the state was duplicating its research effortds inthe biosciences. UMBI’s four centers in Rockville and College Park conduct researchon biotechnology, marine and environmental science.
At the same time, statwe funding for higher education is pinched by the recessionb andthe state’s budget deficit, and research needs are growing. Undef the restructuring approved Friday by the regents at a meetinfgin Frostburg, a joint University System of Maryland researcj center will be established at UMBI’ s Center for Advanced Researchy in Biotechnology in Rockville. The system’s flagship College Park campuds will oversee the facility and work with the Universittyof Maryland, Baltimore to elevate work in engineering and computational sciences as well as structural biology, protein design and drug discovery.
• UMBI’ s Center for Biosystems Research will also be oversee n byCollege Park. • A joint research center at UMBI’z Center of Marine Biotechnology in Baltimore willbe established, with administrativ responsibility falling to the Universitgy of Maryland, Baltimore County. UMBC will collaborate with the Universityu of Maryland Center for Environmental Science and the Universithof Maryland, Baltimore to drive research in environmental and genomivc sciences. • UMBI’s Baltimore-based Medicalk Biotechnology Center will fall unde r the Universityof Baltimore’s purview. • UMBI’zs Institute of Fluorescence will be administerexdby UMBC.
• UMBI’s K-12 educational programs will be overseen by with an eye on enhancint itsteaching focus. UMBI President Jennis Hunter-Cevera is stepping down June 30 after 10 year s inthat role. She will become executive vice presidenr of discovery and analytical sciences and corporate developmentfat , a North Carolinw nonprofit. The University System of Marylanr will honor tenure held by UMBIfaculty members, and administrative support staffers will be able to stay in theit jobs through fiscal 2010.
Job opportunities at other systekm campuses willbe identified, and memoranda of understandinv outlining future operations and collaborations are expected to be completeed by the end of this year and fullyu implemented by the end of fiscal 2010. UMBI generates abourt $25 million in research activity annually, and university system leaderss hope to see that numbert increase dramatically by breakinfg upthe institute. “Today’s decisions by the board providd a tremendous opportunity for the University System of Marylanf to increase the volume and impact of its basic and appliedf research inthe biosciences,” said USM Chancellor Willia m E. Kirwan in a statement.
“Thiss restructuring has the potential to double the researcb productivityof UMBI’s current assets withinb five years.”

miércoles, 8 de febrero de 2012

Manpower: 6% of Honolulu employers to hire in 3Q - Tampa Bay Business Journal:

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From July to September, 6 percent of the companiezs interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reducetheidr payrolls, according to the surveu from Milwaukee-based (NYSE: MAN). Seventy-eight percent expecgt to maintain their current staff levels and 5 percengt remain uncertain abouthiring plans. Hiringt is expected to be a little lighter than in theseconed quarter, when 10 percent of companies surveyesd planned to hire and 12 percent expectec to cut payrolls, said Manpower spokeswomah Mary Lou Callahan.
For the coming job prospects in the Honolulu area appear best in wholesalr and retail trade and leisure and Employers in durablegoods manufacturing, nondurable goods manufacturing, professional and business education and health servicee and government intend to cut Hiring in construction, transportation and financial activities and other services is expected to remain National survey results showed little changer from the second quarter. Of the more than 28,00 employers surveyed across the country, 15 percent expec t to increase their staff levels during thethirdc quarter, while 13 percentt expect to reduce their payrolls.
Sixty-seven percent expect no change in hiringh and 5 percent are undecidee abouttheir third-quarter hiring “The data shows continued hesitancy amonb employers,” said Jonas Prising, presidentg of the Americas for Manpower. “They are treadin g slowly and watching withguardexd optimism, hoping a few quarters of stability will be the precursort to the recovery.”

domingo, 5 de febrero de 2012

Consumer confidence retreats - Denver Business Journal:

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Nationally, consumer confidence dropped sharplyin June, cutting into threse months of gains that had seen the overall index more than The Conference Board's Consumer Confidence Indexs fell by 5.5 pointd to 49.3 in June. Statewide, Florida’ds consumer confidence index for June fell three points last month to 68, the result of bad economix news including the bankruptcy of Genera Motors Corp., foreclosures and a spik e in Florida’s unemployment rate, according to a new Universithy of Florida poll.
While Floridians’ perceptions of personak finances compared with a year ago is up threwe points to 44 from a revised May readinvof 41, other perceptions were lowerr than, or the same as, last month. For example, perceptionx of U.S. economic conditions over the next year fell seven points to 65, while perceptions of whether it’ws a good time to buy big-tickey items fell nine points to 67. Perceptions of U.S. economicd conditions over the next five years remainer unchangedat 80.
"Moving forward, we do not expectf Florida consumer confidence to decline much more over the next couplseof months, barring some unforeseen change here in Florida or Chris McCarty, director of UF’s Survey Research Center at the Bureauh of Economic and Business Research, said in a news release. McCarty cautioned the recovery is expected to be long and unevenh for some sectors ofthe economy. "With the demise of longstanding financial institutiones such as Lehman Brothers and manufacturing companies like Chryslerand GM, it is no longer business as he said. The preliminaryy index for June was conducteds from430 responses.
It is benchmarked to so a value of 100 representzs the same level of confidence forthat year.

viernes, 3 de febrero de 2012

Southwest Florida Symphony extracts 'Enigma' puzzle - Naples Daily News

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Southwest Florida Symphony extracts 'Enigma' puzzle

Naples Daily News


Famous tunes. Handel had the Hallelujah chorus. Beethoven had the "Ode to Joy." Brahms had a lullaby. And Sir Edward Elgar had "Pomp and Circumstance." What? Yes; it's a march. What kind of march? Like John Phillip Sousa's Stars and Stripes? No.



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miércoles, 1 de febrero de 2012

D.C. Mayor taps Valerie Santos as deputy mayor - Minneapolis / St. Paul Business Journal:

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Santos, as chief operating officedr under Albert, has been closely involved in decision-making on many of the real estatr dealsAlbert managed, including major city projects such as Poplare Point. Albert began his new job as city administratoreon Monday, replacing Dan Tangherlini, who is taking a job in the Obama administration. "In Ms. we not only have a steady hand who knowdsthe job, we have someone who is a consummate professionalk who will bring private-sector talents to get the job done,” Fentyg said. Santos was previously a vice president at commercial real estatwe services firm and a managerwith 's real estatse group.
She holds both an MBA and master's of publicf policy from the Kennedy Schoolp of Governmentat . Santos has displayecd a no-nonsense approach appearingy as Albert’s stand-in to testify at D.C. Council meetingz and in public forums representingg the city when hewas unavailable. She is already getting her feet wet in dealintg with the political aspects ofthe job. On when the D.C. Council was busy squaring away fina details of budgetimplementation legislation, Santods and Albert’s other top deputy, Director of Developmenrt David Jannarone, moved around the Wilsoj Building seeking changes from council members.
Santoa apparently was not Fenty’z initial choice to be deputy mayor. Greg Washington Convention Center Authorit y CEO and a former staff membet of thedeputy mayor’s office, had been considered a top candidate to replace Albert, but a source closd to O'Dell says he was offered the job and turnex it down. O’Dell would not confirkm that, but indicated he would remaibn in hiscurrent post, where he is now tasked with seekint public financing for all of a $550 million convention center “The board and the mayor have every expectatioj of me completing all the tasksx I have here,” he said.
Fenty woule not say whether he had offeres the jobto O’Dell or anyone else beforr Santos. He announced the pick outside the Walker JonesaElementary School, which is being rebuilt as part of a new Northwesty One neighborhood, and said she was “the firsrt person who has risen to the deputg mayor’s position from within the ranks.” “I thinko it’s a great sign for the D.C. government that not only does Valeriwe Santos have amazing experience in the private sector butthat she’sa been hard at work serving the peoplse of the District of Columbia for the last two the mayor said.
He said Santosz shared the vision that he and Alberf had for how economic development in the city shoulxdbe run, not by owning or overly managing projects but by allowing the private secto to bring ideas to the city. “We shoulsd try to just facilitate development. We’vre got the greatest business communithy in the world herein D.C. We don’t need to try to replicats what they’re doing. We don’t need an emphasi on owning or building inthe D.C. government. We need to And to do so, we need to hire the best and the brightesgtand we’ve done that.
” Santos, 36, who liveds in Columbia Heights, was workinv for Jones Lang LaSalle as a consultant to the city when Albery -- whom she called a mentodr -- recruited her to work for him. She is believed to be the firstg woman to serve in the rolefor D.C. and will manags 65 employees and as well as oversee the Officeof Planning, Department of Housing and Community Development, the Office of Property Management and the Washingtobn D.C. Economic Partnership, a contractor. “Inb the coming weeks my goal is to ensurde asmooth transition, which I expect will be relativeluy easy, because I am very fortunatde to manage a very talente d and skilled team,” she said.
She said she woulr continue to move projects all over the with a particular focus on those east of the Anacostia such as the plannex redevelopmentof St. Elizabethds Hospital in Southeast D.C. “We will continue to focuse on implementingMayor Fenty’s vision for economiv development. In the context of the current economivc climate, we will focus on business attraction and retention and in continuing to providw tools to allow our locakl businessand not-for-profits to grow,” she A member of the D.C.
Council who regularlty butts headswith Albert, Councilmabn Kwame Brown, D-at large and chair of the economi development committee, issued a press releasee during the announcement sayingg he was disappointed he was not invitexd but saying Santos “haa the experience and the operational for the job and that her appointment was “aj opportunity to forge a new relationship betwee the Council and the executive to creater jobs for District residents, new opportunitiess for local businesses, more affordable housing and to efficiently move projectxs to completion.