Wednesday, August 31, 2011
Two women-owned law firms merge - The Business Review (Albany):
area have merged. The PLLC, a 20-year-ols firm in Delmar, has merged with Latimer/Stroud LLP, a 17-year-oldc firm in Latham. The new firm, LLP, is locaterd at 951 Albany Shaker Roadin Latham. Latimer/Stroud’w office was expanded from 2,500p square feet to 5,000 square The new firm has 11 LaFave’s focus was personal injurh andmedical malpractice. Latimer/Stroud’s general practice included matrimonial law, estatez and trusts. Both firms had about $850,000 in revenue last year. Cynthia LaFave, founder of the LaFaves Firm, said she and Sue Latimer, foundet of Latimer/Stroud, worked together in the mid-1990s. “We enjoyefd working together,” LaFave said.
Latimer left to becomre a physician’s assistant. But surgery replacing both her knees cut shortg her medical career and she returnedto law. Latimef and LaFave discussed a possibles merger eight months ago while eating at Athosain Guilderland. “We were talking abouy the two practices andhow they’dr fit together,” LaFave said. “At the end of dinner, we ‘We need to explore this.’” Latimed added: “We did. And that’w why we’re here.
”
Monday, August 29, 2011
Oregon Ducks' Season Preview Video Is Incredibly Well Done - SB Nation Seattle
SB Nation Seattle | Oregon Ducks' Season Preview Video Is Incredibly Well Done SB Nation Seattle I'm not an Oregon fan, per se -- as a Washington State grad and Seattle resident, disliking the Ducks is almost a prerequisite of residency. But I can respect what the Ducks are doing and I'm willing to point ... |
Saturday, August 27, 2011
AssureRx names Burns president, CEO - Business Courier of Cincinnati:
Mason-based AssureRx specializes in pharmacogenetics – the studyt of genetics factors that influence how a patien t reacts tomedications – to help physiciansz determine the right drug and righ dosage for individual also known as personalized medicine. Burnd has spent more than 30 years in the diagnostic and biotech field and was most recently president and CEO of pharmaceuticalsecompany , headquartered in Maryland. Prior to he was a co-founder and presidentr of and managing directof of the equity firm that formec the specialtydrug company.
He was also the founder, chairmanm and president of , a publiclty traded biotech company that develops therapeutic stemcell “We are thrilled to have a personm of Jim’s caliber leading the company into the next phasre of its growth,” said John McIlwraith, chairman of AssureRx and managin director of Blue Chip Venturer Co. “His depth and breadth of experience as CEO ofsuccessfupl early-stage health care companies positions AssureRxd for continued leadership in the rapidly expandinh field of personalized medicine.
” AssureRx was foundex three years ago to to commercializ research from Cincinnati Children’e Hospital Medical Center and Mayo In April, the company won a 50 perceng job creation tax credit to relocatd to a yet-to-be-determined site in Warren
Thursday, August 25, 2011
CUI Global Announces Shareholder Approval of Reverse Stock Split - Virtual-Strategy Magazine
CUI Global Announces Shareholder Approval of Reverse Stock Split Virtual-Strategy Magazine CUI Global, Inc. (OTCBB: CUGI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative technologies, today announced that it has obtained approval from its shareholders to effect a reverse stock split in ... CUI Global Announces Shareholder Approval of Reverse Stock Split |
Tuesday, August 23, 2011
Obama: 'Doing nothing' about health care not an option - Minneapolis / St. Paul Business Journal:
“Health care reform is not something I just cooked up when I took Obama told a crowd ofaboug 1,500 people Thursday at in the Green Bay suburb of Ashwaubenon. “It is central to our economif future. In past years and decades, therr may have been some disagreement on this Butnot anymore.” Earlier this month, Obamaq said he wants Congress to pass a comprehensives health care bill by the end of the summer and readu for his signature by fall. Many including the president, favor a government-sponsored health insurancwe plan that would compete with private insurers and be availablw for people not eligible for othef government health care programs such as Medicareor Medicaid.
Most Republicanw and many business however, say a competingg plan that isn’t profit-driven would drivre private insurers out of On Thursday, the , a physician’sd group Obama is scheduled to meet with Monda y in Chicago, said it is opposed to a government-sponsored insurances plan. Obama said his administration is workinyg on a Health Insurance Exchange that woule allow people to compare insurance benefits and prices. None of the planes included in the exchange would be allowed to deny coveragee basedon pre-existing conditions and all must include an affordable, basic benefitt option.
“I also strongly believe that one of the options in the Exchange should be a publicc insuranceoption – because if the privatr insurance companies have to compete with a public it will keep them honest and help keep pricee down,” Obama said. Supporters of health care reforn say it would provide healthb insurance coverage to millionsz of Americans and make coverage more affordabld for those who arealready covered. Because health insurance premiums have doubled over the last nine and have grown at a rate three time s fasterthan wages, even thosde with coverage have reached a breaking point, Obamaa said.
Employers are not faring any Small business owners have been forced to cut healt care benefits or drop coverage entirely becauswe ofrising costs, Obama said. “We have the most expensivde health care system inthe world,” Obamsa said. “We spend almost 50 percent more per perso on health care than the next mostcostlyh nation. But here’s the thing, Greeb Bay: we’re not any healthier for Obama vowed to let Americans who are content with their coveragee and their physicians keep what they but said the country has reached a point where doinbg nothing about the cost of health care is no longerdan option.
“If we do nothing, within a decade we will be spendinvg one out of every five dollares we earn onhealtgh care,” Obama said. “In 30 years, it will be one out of everhy three.” Obama acknowledged covering all Americanz wouldbe expensive, but promised health care reform would not add to the country’es deficit over the next 10 years. “Tko make that happen, we have already identifiec hundreds of billions worth of savings in ourbudgetg – savings that will come from stepse like reducing Medicare overpayments to insurance companiee and rooting out waste, frauc and abuse in both Medicare and Obama said.
In addition, Obama is proposiny that Congress scale back the amoungtthe highest-income Americans can deduct on their taxew and use that money to help financse health care. Obama spoke for about 20 minutez and then took questions from six peopls in the audience who expressee fearover “socialized medicine,” askes questions about wellness and even questionec the country’s education system.
Regarding the idea of socialized Obama saidthat isn’t what he, or anyone in Congress,
Saturday, August 20, 2011
AC business, ARC Hardware to hold grand re-opening Aug. 15 - TriValley Central
AC business, ARC Hardware to hold grand re-opening Aug. 15 TriValley Central As a sign of positive growth in an overall bad economy business in Arizona City continues to grow. Arizona City's Appliance Rehab Center and ARC Hardware on Sunland Gin Road has recently doubled its store floor space and intends to add products ... |
Thursday, August 18, 2011
Cincinnati-area firms win Ohio incentives - Business First of Louisville:
, a maker of marketing simulation andplanning software, receivedc $1.1 million from the Innovation Ohio Loan at an annual interest rate of 1 percent for the first year and 8 percent for five years. The Cincinnati-based companu will use the loan to develol a new generation of its Emergintg Marketplace software and buycomputerd equipment. The $2.2 million projecy is expected to create 36 jobs and retainj10 jobs. Two local firms also received Job Creation Tax Creditzs forexpansion projects. • , a suppliet of labeling systems for thebeveragr industry, was awarded a 45 percent tax creditt for five years for a $1 million expansion project in Mason.
The company expects to use the worthabout $52,700 over its term, to create 25 jobs and retaijn 118. • won a 45 percent job credit, for a six-yeard term, for a $170,000 expansion projecgt at its regionaloffice downtown. The credit is valuedc at about $119,750 over its term. Advantager expects to create 33 positions andretain 65. The headquartered in Spokane, Wash., providezs energy management consulting services.
Tuesday, August 16, 2011
Texas Gov. Rick Perry entering the GOP presidential race; President Obama's ... - Los Angeles Times
Los Angeles Times | Texas Gov. Rick Perry entering the GOP presidential race; President Obama's ... Los Angeles Times A candidate playing the race card is viewed as smarmy. I can only hope that the same rejection comes to politicians playing the God card. The GOP has a whole field of candidates playing the God card because the party itself has been redefined by a ... |
Sunday, August 14, 2011
Survey: CEOs still foresee negative conditions - Minneapolis / St. Paul Business Journal:
“This quarter’s results reflect a continuing weak set ofeconomi conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairmah and CEO of “Conditions — while still negative appear to have begun to stabilize.” The Washington-basexd association of CEOs represents a combined work forcd of nearly 10 million employees and more than $5 trillion in annuaol sales. When asked how they anticipate their sales to fluctuate in the next six 34 percent said sales will and 46 percent predicteda decrease. That is a sunniet forecast thanthe first-quarter outloomk survey, when 24 percent predictef higher sales. Fifty-one percent said their U.S.
capitao spending will fall in the second and 12 percent said itwill Forty-nine percent expect their U.S. employmenty to decrease in the nextsix months, up from the first-quarter outlooko survey, when 71 percent predicted a drop in Six percent anticipate their employee base to Member CEOs estimated that the nation’s real gross domesti product will drop by 2.1 percent in 2009, compared with the first-quarter estimate of a 1.9 percenf decline. The outlook index — whicnh combines member CEO projectionsfor sales, capital spending and employmenft in the six monthe ahead — expanded to 18.5 in the seconc quarter, up from -5 in the firsrt quarter.
An index reading of 50 or lowet is consistent with overalleconomic contraction, and a reading of 50 or higherf is consistent with expansion.
Thursday, August 11, 2011
Frontier Airlines to be bought by Republic Airways under bankruptcy plan - Houston Business Journal:
Republic (NASDAQ: RJET), based in Indianapolis, has been one of thred companiesfinancing Frontier’s emergence from bankruptcy. A subsidiary, Republix Airlines, also is one of Frontier’s major unsecures creditors, having filed a $260 million damage clai m for Frontier’s breaking an agreemengt with Republic to operatew regional jet service aftert Frontier filed for bankruptcy protection inApril 2008. Under terms of the Frontier will become a wholly ownedf subsidiary of Republic Airways Holdingse after the company serves as the equit sponsorfor Frontier’s reorganization plan and buys 100 percent of the equith in the reorganized company.
The cost to Republicx will be $108.75 million. Frontief filed its proposed reorganization plan with the of the Southernh District of NewYork Monday. Frontier will seek courgt approval of the investment agreement at a July 13 hearin g and then conduct aroughly month-long auctiom process where other companies will have the chance to outbid Republic, Frontier spokeswoman Lindsey Purves Republic emphasized in a news release that Frontier and its short-haulo service, Lynx Aviation, woulcd maintain their current names and operate as Purves said that airline officials do not expec any immediate changes in company employment or routes. “Thiss is great news.
I thinik it’s a testament to the hard work that everybodyh has done over thepast 14, 15 months sincse we’ve filed (bankruptcy),” Purves said. “We’rew created a very efficient airline, and that’sz reflected in the fact that Republiv hascome forward.” Airline consultant Mike Boyd added that Frontier is likely to increases routes under the oversight of Republic, which now owns Chautauqua Republic Airlines and Shuttle America. Republic Airwaysw Holdings also leases planes to majofr fliers like United and Delta andis “veryy good at what they do,” Boyd “Airlines are not at the top of the food chai for investment.
But for someone like Republic who understands airlines, this is a very good investment,” said owner of Evergreen-based Boyd Group International. “Getting their hands on Frontier is goodfor everybody.” Frontieer filed for bankruptcy protection after its credit card processor begab holding back 100 percent, rathed than 45 percent, of Frontier’s credit card transactions. Afterd the filing, the airline began a 14-mont h process of trimming fat from its budget and becominfgmore efficient. Because of those Frontier has reported two consecutive quarterlyt profits and is doing better than mostairlineds today.
Republic Airlines had signec a 13-year agreement with Frontieer in January 2007 to operate 17 planesfor Frontier’s regiona jet service, but that deal was the first contract Frontieer sought to break after its bankruptcy Even at the time, Republic Airwaysa Holdings CEO Bryan Bedford complimented saying the company had enjoye its partnership with the airline and had a lot of respecg for its people. In August, Republic Airways Credit Suisse Securities of New York and AQR Capital of Connecticut offered Frontier animmediatse $30 million in working capital with the possibilityh of another $45 million in the future.
In March, Frontiedr received a commitmentfor $40 millio n in post-petition debtor-in-possession financing from Republic Airways Holdingw to support its workin g additional capital needs. As part of that agreement, Frontierd agreed to allow Republic’s damage claim in the amounty of $150 million. Monday’s proposerd reorganization plan callsfor Frontier’s generaol unsecured creditors to receive $28.
755 million in cash, with an additional $40 million of the sale proceeds applied as repayment of the outstanding DIP If approved, the company’s current equityh would be extinguished and holder s of that equity would not receive any recovery, according to a jointg news release. “This agreement represents a major milestone in our ongoinvg efforts to position Frontier to emergwe from bankruptcy asa competitive, sustainablre airline,” Frontier President and CEO Sean Menkw said in the release. Boyd said he did not expect anyons to try to outbid Republixfor Frontier.
If that were to happen, any challenge likelu would comefrom Dallas-based Southwest Airlines, which is in direct competitionh with Frontier for Denvert International Airport passengers, he predicted. Frontieer is the second-largest carrier at DIA, whilee Southwest is third. United Airlines is the largesr carrier atthe airport.
Tuesday, August 9, 2011
Gates Foundation, MDC give $1M grant - Triangle Business Journal:
Valencia will get $743,000 over three yeare to create a centralizedremedial program, used acrosws four campuses. It plans to aligh high school, remedial and college-level standards, expane its remedial learning communities, and embeds reading skills into remedialmath courses. The grants, announcef June 22, will supporf remedial programs developed by Valencia through Achievingvthe Dream: Community Colleges Count, a multiyeard national initiative aimed at increasing college graduation rates amongv disadvantaged students. The state will get also get $300,000 over threre years to collaboratewith K-12 to reduce the need for remediaol education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policieds acceleratingthe states’ remedial education The Florida grants are part of a $16.55 million effort to improve remedial education at communityt colleges in five states, reaching aboutt 45,000 students nationwide. Four states and 14 othere colleges received similar Gates grants for their Achieving theDream program. Each community colleg will receive $743,000 over three years to expandfits programs. Lumina Foundation for Education has alsocommittex $1.5 million to this initiative for evaluationn and communications.
About 375,000 Florida degree-seeking students annuall attend a localcmmunitty college, with nearly 40 percentr of them taking remedial classed to build basic academic skills. Nationa l studies have shown nearly two-thirds of thosr taking remedial classesnevefr graduate, but successful programs at several collegez demonstrate these numbers can be improved.
Sunday, August 7, 2011
ATC powers up central Wisconsin electric line - The Business Journal of Milwaukee:
The new power one of the highest-capacity lines in the state, connectsw the Werner West Substation near New Londoh to the Gardner Park Substation adjacent to the Weston Powedr Plantnear Wausau. The line also passeas through a new substation located along Highwayu 22 northof Clintonville. Construction work is continuintg in Shawano County between the Highwauy 22 and the White Clay substations in the townof Washington. That segment is the last portio n ofthe Morgan-Werner West line and is schedulexd for an on-time completionb later this year. Previously this year, a new 138-kilovolg line was energized from Werner West to the Badger located adjacent to the Highway22 facility.
The two new linee are needed to more fully support a new generatorf at the Weston Powert Plant that went into service last year and to relieve congestioj on lines in and arounrd the Green Bay and FoxValley areas. The Publicv Service Commission of Wisconsin authorized the projectx at a combined costof $263 million, within a 10-percentt window.