New Straits Times | Groovin' good time at concert New Straits Times GEORGE TOWN: AS promised, the rhythm got the audience grooving at a five-hour-long Conga -- East Meets West concert staged at the Universiti Sains Malaysia Dewan Budaya recently. The Penang Dhol Blasters drumming up a storm. Pix by Paul Toh ... |
Tuesday, July 31, 2012
Groovin' good time at concert - New Straits Times
caloloary.blogspot.com
Monday, July 30, 2012
Max Haines: Killer savagely spanked victims - The Sudbury Star
humojo.wordpress.com
Max Haines: Killer savagely spanked victims The Sudbury Star 17, 1987, when 15-year-old Bill Domer was sent to the grocery store by his parents to purchase snacks. The Fort Smith, Ark., lad never returned home. Five days later, his body was found by small boys playing near a pond adjacent to Leard Cemetery, just ... |
Saturday, July 28, 2012
Bank stocks driving rally on Wall Street - Dayton Business Journal:
fugycyquwod.blogspot.com
Berkshire added nearly 12 million sharee to its stake inSan Francisco-based and about 1.5 milliom to its stake in Minneapolis-based . Dayton-area bank stocks were all up at the end oftrading (NASDAQ: FITB) led the charge, closing 12.5 or 89 cents, to $7.909 a share. • US Bancorp (NYSE: USB) closed up 9.5 or $1.68, to $19.35; (NASDAQ: HBAN) was up 7.8 or 36 cents, to • Wells Fargo WFC) climbed 8.3 percent, or $2.06, to $26.93; (NYSE: PNC) was up 6.7 or $2.79, to $44.58; • (NYSE: JPM) was up 6.7 or $2.35, to $37.26; (NYSE: KEY) was up 4.3 or 25 cents, to and • (NASDAQ: FFBC) was up nearly 7 percent, or 66 to $10.26.
The markets overall closed up as The Dow gained 235 a nearly 3percentg increase, to close at 8,504.08. The NASDAQ also close up 3.1 percent, or 52 points, to 1,732.376 and the S&P 500 gained more than 3 or 26.8 points, to close at
Berkshire added nearly 12 million sharee to its stake inSan Francisco-based and about 1.5 milliom to its stake in Minneapolis-based . Dayton-area bank stocks were all up at the end oftrading (NASDAQ: FITB) led the charge, closing 12.5 or 89 cents, to $7.909 a share. • US Bancorp (NYSE: USB) closed up 9.5 or $1.68, to $19.35; (NASDAQ: HBAN) was up 7.8 or 36 cents, to • Wells Fargo WFC) climbed 8.3 percent, or $2.06, to $26.93; (NYSE: PNC) was up 6.7 or $2.79, to $44.58; • (NYSE: JPM) was up 6.7 or $2.35, to $37.26; (NYSE: KEY) was up 4.3 or 25 cents, to and • (NASDAQ: FFBC) was up nearly 7 percent, or 66 to $10.26.
The markets overall closed up as The Dow gained 235 a nearly 3percentg increase, to close at 8,504.08. The NASDAQ also close up 3.1 percent, or 52 points, to 1,732.376 and the S&P 500 gained more than 3 or 26.8 points, to close at
Friday, July 27, 2012
Big drug companies hiring steadily - Boston Business Journal:
vanbeekdulejos1771.blogspot.com
Fearful of a dwindling drug big pharma players are adding to head count and squarde footage in the hopeof jump-startingf innovation. The focus on early-stage researcg is driven by onestark fact: approximatelyu one-third of drugs are slatex to go off patent between 2011 and opening them up to competitionm from cheaper generics, and reducing drug makers’ revenue from thosr drugs by up to 90 percent. New Jersey-bases Merck (NYSE: MRK), for instance, plans to doubled its Massachusetts-based workforce, to 600 from 300 over the next two yearw and is currently recruitingf for66 jobs.
The company is closing a bioinformatices center in Seattle and plans to brinf that team of 60 scientists and computer scientist s into itsBoston offices. Mercm Vice President Rupert Vessey said the company can accommodate the influx of new workersafor now, but that at some point durinb the next two years, the company will need to leaswe or acquire additional Merck’s Longwood facility, where 90 percent of the employeex are scientists, conducts basic research, the earlies t stage research designed to identify molecules that coulfd potentially become drugs in a decade or more.
AZN ) is completing a $100 millionn expansion of its research facilitytin Waltham, expanding to 380,0000 square feet from 250,000 squarse feet. John Hennessy, executive director of the facility, says the expansion is to supporrtthe company’s increased focus on findinyg treatments for infectious diseases. The company has been slowly swellint head count over the past two years to a curren totalof 1,000 and plans to gradually increass the workforce. (NYSE: NVS), which alreadu employs 1,500 in Cambridge, is another compang adding a division to its BayStatde portfolio.
The company currently operates the globapl headquarters for its Institutes for Biomedical Researchg and its vaccines and diagnostics division out of itsCambridgr offices. Both divisions focus on early stage up to and including animal The company now plans to create a division for moleculardiagnostics research. It will focu s on personalized medicine, which seeks to treat differen t people withdifferent drugs, dependinb on their specific genetic makeup.
Novartis is recruitingf for 127 positions and recently bought a grouncd lease to an MIT parking lot that willbe “You want to be where the smart people are, and the talent is here, becausse of the stew of academia and biotec companies,” Novartis Cambridge site leader Jeff Lockwood said. Many of the big pharmaceuticaplfirms don’t just want to rub elbows with biotech they may want to buy or at least their drug Executives at several companies say that just as there is a lot of greay talent on the streert due to the soured economy, there is also a lot of good technologuy that might be had at a discount.
with operations in Cambridge, is likely to be one of the The company has recentlhy been on an acquisition spree and is busilyu raising its profilein Massachusetts. It is likelty to announce an expansion the fall and is a major sponsore ofthe state’s booth at this week’sw international BIO conference in Atlanta. “We ask all of our employees to constantly be on the lookout for good technologiezs we might want to bring into the site Director JasonSlusher said. Analysts say the big pharmaceuticao companies will likely continue to spin out divisionsz to satellite locations as they seek to become more nimbles and fosternew ideas.
“Historically, big pharma could just attract anyone it wantedto anywhere, based on high salariex and job security. Now the big companiexs are trying to act like smallerbiotec companies, by going to where the people and the innovatio are already,” said Elio an analyst at North Carolina-based Cutting Edge
Fearful of a dwindling drug big pharma players are adding to head count and squarde footage in the hopeof jump-startingf innovation. The focus on early-stage researcg is driven by onestark fact: approximatelyu one-third of drugs are slatex to go off patent between 2011 and opening them up to competitionm from cheaper generics, and reducing drug makers’ revenue from thosr drugs by up to 90 percent. New Jersey-bases Merck (NYSE: MRK), for instance, plans to doubled its Massachusetts-based workforce, to 600 from 300 over the next two yearw and is currently recruitingf for66 jobs.
The company is closing a bioinformatices center in Seattle and plans to brinf that team of 60 scientists and computer scientist s into itsBoston offices. Mercm Vice President Rupert Vessey said the company can accommodate the influx of new workersafor now, but that at some point durinb the next two years, the company will need to leaswe or acquire additional Merck’s Longwood facility, where 90 percent of the employeex are scientists, conducts basic research, the earlies t stage research designed to identify molecules that coulfd potentially become drugs in a decade or more.
AZN ) is completing a $100 millionn expansion of its research facilitytin Waltham, expanding to 380,0000 square feet from 250,000 squarse feet. John Hennessy, executive director of the facility, says the expansion is to supporrtthe company’s increased focus on findinyg treatments for infectious diseases. The company has been slowly swellint head count over the past two years to a curren totalof 1,000 and plans to gradually increass the workforce. (NYSE: NVS), which alreadu employs 1,500 in Cambridge, is another compang adding a division to its BayStatde portfolio.
The company currently operates the globapl headquarters for its Institutes for Biomedical Researchg and its vaccines and diagnostics division out of itsCambridgr offices. Both divisions focus on early stage up to and including animal The company now plans to create a division for moleculardiagnostics research. It will focu s on personalized medicine, which seeks to treat differen t people withdifferent drugs, dependinb on their specific genetic makeup.
Novartis is recruitingf for 127 positions and recently bought a grouncd lease to an MIT parking lot that willbe “You want to be where the smart people are, and the talent is here, becausse of the stew of academia and biotec companies,” Novartis Cambridge site leader Jeff Lockwood said. Many of the big pharmaceuticaplfirms don’t just want to rub elbows with biotech they may want to buy or at least their drug Executives at several companies say that just as there is a lot of greay talent on the streert due to the soured economy, there is also a lot of good technologuy that might be had at a discount.
with operations in Cambridge, is likely to be one of the The company has recentlhy been on an acquisition spree and is busilyu raising its profilein Massachusetts. It is likelty to announce an expansion the fall and is a major sponsore ofthe state’s booth at this week’sw international BIO conference in Atlanta. “We ask all of our employees to constantly be on the lookout for good technologiezs we might want to bring into the site Director JasonSlusher said. Analysts say the big pharmaceuticao companies will likely continue to spin out divisionsz to satellite locations as they seek to become more nimbles and fosternew ideas.
“Historically, big pharma could just attract anyone it wantedto anywhere, based on high salariex and job security. Now the big companiexs are trying to act like smallerbiotec companies, by going to where the people and the innovatio are already,” said Elio an analyst at North Carolina-based Cutting Edge
Tuesday, July 24, 2012
The man behind the Clise bid - Puget Sound Business Journal (Seattle):
authors-morphology.blogspot.com
Yet Mohamed Ali Alabbar remains little known in even after news broke last week ofhis company'as near-deal to buy the Clise family's primde downtown holdings to create a $7 billion urbanh showpiece. Factors that brought Alabba and the Clisestogether -- and then may have scuttlee the massive deal -- illustrate forces drivint today's globalized marketplace. They includd the staggering wealth ofthe oil-rich Persiahn Gulf, the credit crunch, and nasty hits suffered by many foreignera who've invested in U.S. real estate.
A 1981 graduate of Seattl University, Alabbar returned to his alma mate lastsummer -- now head of one of the world's biggesyt real estate companies -- to receive his honorary doctorate. From his base in the Gulf city-state of he had been scouting the American West Coast forbusinesas opportunities, and once said he should build a skyscraper in Alabbar came close to buildinvg much more than that. According to The Wall Streey Journal, his company, Emaar Properties PJSC, had been in advanced talks with the Clisw family overits 13-acre portfolio of propertiess just blocks north of Seattle'sd downtown core. For Alabbar, the Clise land had obvioux attractions.
The swath of contiguous propertiesin Seattle'ds Denny Triangle area, which went on the markert last summer, offered a rare chancs to create a mammoth commercial development in a majore urban center. It's zoned to develop 14 millio squarefeet -- or enough space to fill nine Columbiaz Centers. Wealthy Gulf investors have becomw the partners of choice formany U.S. developers and financialp institutions grappling with the mortgage andcredir crisis. But even deep-pocketed investors such as Emaarr are not immune to the spiraling problemsroilinb U.S. markets.
Al Clise, the CEO of , citec credit market turmoil and the lack of availablr debt capital in pullingthe family's portfolio off the Anyone seeking to develop the huge Clise propertt would presumably need to borrow to finance the projected $7 billion project, which Al Clise has envisioned as on a par with London'ss Canary Wharf or New York's Rockefelledr Center. Alabbar declined through a spokesman to discuss the Cliseproperty directly. But in an e-mailed responsse to questions, he talked up Seattle's prospects for luring Gulf investors.
"Thd Seattle area continues to be at the forefrontf of some ofthe world's fastest-growin g industries, including aviation, dot-coms, financial services and biotechnology, and international companiesw have started to pay Alabbar said. "I personallu believe the market willbounce back," he added, "and will present an opportunitu for further investments." It was not clear when talks might resume or whether Emaar would still be at the fronft of the pack. Clise said he wants to revive discussions "after the credit markets Alabbar has a taste for ambitious mega-projects.
At home in boomingb Dubai, part of the United Arab Emaar is buildingthe world's tallest man-made The Burj Dubai is a 160-storuy tower that stands at 2,063e feet. The massive complex, which soars above the Dubai skyline, will house luxury a Giorgio Armani hotel, swimming pools and a cigar club. Emaar is also workingy on King AbdullahEconomic City, an entire new metropolis that's going up on Saudi Arabia's Red Sea coast.
The compangy boasts operations in more than a dozen other including India, Pakistan and Gulf-based developers such as Emaar are seeking to leveragw their success at home to expand said Rachel Ziemba, an economidc analyst specializing in the Gulf regiob at RGE Monitor, an economic research firm in New Ziemba views Emaar's interest in Seattle as part of a broader trend among Gulf-based developers of lookin beyond New York and the California coast to smaller U.S. "They see a potential to snap up what they see as Ziemba said. Ziemba said the fact that most Gulf nationse have their currencies pegged to the dollatr means that Gulf investors may have greated incentive tobuy U.S.
assets, because deals in other countries are relativelymore expensive. At the same time, Ziembas said Gulf companies are beinvg cautious in the face on theongoing U.S. mortgag e and credit meltdown. "Many of them," she said, "are watchinf and waiting to seewhat happens."
Yet Mohamed Ali Alabbar remains little known in even after news broke last week ofhis company'as near-deal to buy the Clise family's primde downtown holdings to create a $7 billion urbanh showpiece. Factors that brought Alabba and the Clisestogether -- and then may have scuttlee the massive deal -- illustrate forces drivint today's globalized marketplace. They includd the staggering wealth ofthe oil-rich Persiahn Gulf, the credit crunch, and nasty hits suffered by many foreignera who've invested in U.S. real estate.
A 1981 graduate of Seattl University, Alabbar returned to his alma mate lastsummer -- now head of one of the world's biggesyt real estate companies -- to receive his honorary doctorate. From his base in the Gulf city-state of he had been scouting the American West Coast forbusinesas opportunities, and once said he should build a skyscraper in Alabbar came close to buildinvg much more than that. According to The Wall Streey Journal, his company, Emaar Properties PJSC, had been in advanced talks with the Clisw family overits 13-acre portfolio of propertiess just blocks north of Seattle'sd downtown core. For Alabbar, the Clise land had obvioux attractions.
The swath of contiguous propertiesin Seattle'ds Denny Triangle area, which went on the markert last summer, offered a rare chancs to create a mammoth commercial development in a majore urban center. It's zoned to develop 14 millio squarefeet -- or enough space to fill nine Columbiaz Centers. Wealthy Gulf investors have becomw the partners of choice formany U.S. developers and financialp institutions grappling with the mortgage andcredir crisis. But even deep-pocketed investors such as Emaarr are not immune to the spiraling problemsroilinb U.S. markets.
Al Clise, the CEO of , citec credit market turmoil and the lack of availablr debt capital in pullingthe family's portfolio off the Anyone seeking to develop the huge Clise propertt would presumably need to borrow to finance the projected $7 billion project, which Al Clise has envisioned as on a par with London'ss Canary Wharf or New York's Rockefelledr Center. Alabbar declined through a spokesman to discuss the Cliseproperty directly. But in an e-mailed responsse to questions, he talked up Seattle's prospects for luring Gulf investors.
"Thd Seattle area continues to be at the forefrontf of some ofthe world's fastest-growin g industries, including aviation, dot-coms, financial services and biotechnology, and international companiesw have started to pay Alabbar said. "I personallu believe the market willbounce back," he added, "and will present an opportunitu for further investments." It was not clear when talks might resume or whether Emaar would still be at the fronft of the pack. Clise said he wants to revive discussions "after the credit markets Alabbar has a taste for ambitious mega-projects.
At home in boomingb Dubai, part of the United Arab Emaar is buildingthe world's tallest man-made The Burj Dubai is a 160-storuy tower that stands at 2,063e feet. The massive complex, which soars above the Dubai skyline, will house luxury a Giorgio Armani hotel, swimming pools and a cigar club. Emaar is also workingy on King AbdullahEconomic City, an entire new metropolis that's going up on Saudi Arabia's Red Sea coast.
The compangy boasts operations in more than a dozen other including India, Pakistan and Gulf-based developers such as Emaar are seeking to leveragw their success at home to expand said Rachel Ziemba, an economidc analyst specializing in the Gulf regiob at RGE Monitor, an economic research firm in New Ziemba views Emaar's interest in Seattle as part of a broader trend among Gulf-based developers of lookin beyond New York and the California coast to smaller U.S. "They see a potential to snap up what they see as Ziemba said. Ziemba said the fact that most Gulf nationse have their currencies pegged to the dollatr means that Gulf investors may have greated incentive tobuy U.S.
assets, because deals in other countries are relativelymore expensive. At the same time, Ziembas said Gulf companies are beinvg cautious in the face on theongoing U.S. mortgag e and credit meltdown. "Many of them," she said, "are watchinf and waiting to seewhat happens."
Monday, July 23, 2012
SEC goes after Madoff feeders - South Florida Business Journal:
shemwellmygalej1291.blogspot.com
In its complaint, the SEC chargexd Cohmad Securities ChairmanMaurice J. COO Marcia B. Cohn and registereed representative Robert Jaffe for marketing investment opportunities withMadoff “whilw knowingly or recklessly disregarding facts indicating that Madoff was operatinhg a fraud,” a press release "These Madoff solicitors collectively received severa l hundred million dollars in fees over the past few decadesz while Madoff ruined the finances of countless investors,” James Clarkson, acting director of the SEC’d New York regional offic e said in a news release.
It’s alleged that Cohmad’sz referral business made up as much as 90 percent ofthe company’ revenue in some years, brought in more than 800 and billions of dollars into Madoff’s advisory business, for which it was paid more than $100 Click to read the complaint. In a separate complaint the SECcharged California-based investmentt adviser Stanley Chais, who oversaw thres funds that invested all of their assetsa with Madoff.
The complaint alleges that, while Chaise held himself out as an investment wizard, he really was “an unsophisticated investofr who did nothing more than turn all of the funds ' assets over to Madoff, while charginb the funds more than $250 million in fees for his purporterd services." Click to read the Chais complaint.
In its complaint, the SEC chargexd Cohmad Securities ChairmanMaurice J. COO Marcia B. Cohn and registereed representative Robert Jaffe for marketing investment opportunities withMadoff “whilw knowingly or recklessly disregarding facts indicating that Madoff was operatinhg a fraud,” a press release "These Madoff solicitors collectively received severa l hundred million dollars in fees over the past few decadesz while Madoff ruined the finances of countless investors,” James Clarkson, acting director of the SEC’d New York regional offic e said in a news release.
It’s alleged that Cohmad’sz referral business made up as much as 90 percent ofthe company’ revenue in some years, brought in more than 800 and billions of dollars into Madoff’s advisory business, for which it was paid more than $100 Click to read the complaint. In a separate complaint the SECcharged California-based investmentt adviser Stanley Chais, who oversaw thres funds that invested all of their assetsa with Madoff.
The complaint alleges that, while Chaise held himself out as an investment wizard, he really was “an unsophisticated investofr who did nothing more than turn all of the funds ' assets over to Madoff, while charginb the funds more than $250 million in fees for his purporterd services." Click to read the Chais complaint.
Saturday, July 21, 2012
Hollywood Struggles for Proper Response to Shooting - New York Times (blog)
lihung-associations.blogspot.com
New York Times (blog) | Hollywood Struggles for Proper Response to Shooting New York Times (blog) 10:13 p.m. | Updated LOS ANGELES รข€" Hollywood specializes in making movies that are escapes from reality. Now a film has been linked to an act of real-life violence, leaving movie executives scrambling to respond. Warner Brothers and its corporate ...< /p> Aurora -- No More! Hollywood reacts to Colorado Shootings; slideshow 15 celebrity, fans tweets Perspective: When death leaps off the movie screen |
Friday, July 20, 2012
Surprises Arise at Clean Air Public Forum - unEARTHED, from Earthjustice (blog)
lehoquvuhu.wordpress.com
Surprises Arise at Clean Air Public Forum unEARTHED, from Earthjustice (blog) Surprises Arise at Clean Air Public Forum. Follow Us On: Facebook · Twitter · RSS · YouTube. SIGN-UP for our latest news and action alerts: Spam Control Text: Please leave this field empty. Email: ... |
Thursday, July 19, 2012
Charlotte Business Journal: Business Events Calendar
bertayfybuqutyp.blogspot.com
Once approved, your event listing will appear on the Calendatr until the day after the date you enter as its end For example, if you enter June 8th as your event's end your listing will be removed from the Calendare at 12:00 a.m. on June 9th. Once I list an how long does it take before it is postef to the Business EventsCalendar ? To maintain the professional integrity of our site, each listing must go througb an approval process prior to being poste to the Events Calendar. In most this occurs within a few hours, with the maximun being 24 hours. Can I post my eventr listing as far in advanceas I'd like?? Yes, you can post event listinga days, weeks or months in advance.
They will appead on the Calendar until the day afteryour event'z end date. Will my event listinvg also appear in the print edition of theBusiness Journal?? No, the Business Events Calendar is an online-only any events posted through this system will only appear If I want to list a recurring event each do I have to entetr each one separately? Yes, each month'xs event would be considered as a separats listing. There may be discounts for multiplee listings. Please contact us and a representative will work with you to createe a customized package to suityour needs. Contacf information is available from the Can I select more than one categort for myevent listing?
No, each eventf listing can only fall under one category. If more than one categorh applies to yourevent listing, we recommencd choosing the one that is most relevant. If I have a Businessd Events Calendar promotional/discount code, can I use it in any of bizjournals ' 42 markets? No, each promotional/discount code is market-specififc and will only work in the market for which it was originally What should I do if I need to make changes to my eventy listing after it has beenposted online? Please contact our local office. Information is availabl from the Who should I contact if I wouldr like to purchase an event listing over the phoneversuds online? Please contact our locall office.
Information is available from the
Once approved, your event listing will appear on the Calendatr until the day after the date you enter as its end For example, if you enter June 8th as your event's end your listing will be removed from the Calendare at 12:00 a.m. on June 9th. Once I list an how long does it take before it is postef to the Business EventsCalendar ? To maintain the professional integrity of our site, each listing must go througb an approval process prior to being poste to the Events Calendar. In most this occurs within a few hours, with the maximun being 24 hours. Can I post my eventr listing as far in advanceas I'd like?? Yes, you can post event listinga days, weeks or months in advance.
They will appead on the Calendar until the day afteryour event'z end date. Will my event listinvg also appear in the print edition of theBusiness Journal?? No, the Business Events Calendar is an online-only any events posted through this system will only appear If I want to list a recurring event each do I have to entetr each one separately? Yes, each month'xs event would be considered as a separats listing. There may be discounts for multiplee listings. Please contact us and a representative will work with you to createe a customized package to suityour needs. Contacf information is available from the Can I select more than one categort for myevent listing?
No, each eventf listing can only fall under one category. If more than one categorh applies to yourevent listing, we recommencd choosing the one that is most relevant. If I have a Businessd Events Calendar promotional/discount code, can I use it in any of bizjournals ' 42 markets? No, each promotional/discount code is market-specififc and will only work in the market for which it was originally What should I do if I need to make changes to my eventy listing after it has beenposted online? Please contact our local office. Information is availabl from the Who should I contact if I wouldr like to purchase an event listing over the phoneversuds online? Please contact our locall office.
Information is available from the
Tuesday, July 17, 2012
Time Warner Cable Argues Against 'Huge' Price Hikes from Programmers - Wall Street Journal
titus-neither.blogspot.com
Time Warner Cable Argues Against 'Huge' Price Hikes from Programmers Wall Street Journal Time Warner Cable Inc. (TWC) issued a stern warning to television programmers, arguing against "huge price increases," as a handful of new disputes over programming costs have forced new rounds of blackouts for many channels on Time Warner Cable ... |
Monday, July 16, 2012
Jamba Juice Unveils New Healthy Beverage for Schools - MarketWatch (press release)
ovaluleq.wordpress.com
Jamba Juice Unveils New Healthy Beverage for Schools MarketWatch (press release) Made with fat-free milk blended with fruit juices and apple, strawberry, and blueberry fruits, the Berry Fruit Smoothie contains one serving of fruit and one-half serving of fat-free dairy per eight fluid ounces, is fat-free, cholesterol free, low ... |
Saturday, July 14, 2012
Intel fined $1.45B in European antitrust suit - Silicon Valley / San Jose Business Journal:
ernstiryastrov.blogspot.com
The Santa Clara-based chip giant (NASDAQ:INTC) was sued by Sunnyvale-basedx (NYSE:AMD) which claimed it was beinb illegally squeezed out of the European Intel said it would appeakl the ruling and which amountsto 4.15 percent of what it reported in revenus last year. European regulators said rebates and direct payments Intel gave as rewards for not buying from its competitors are It also said the companyh violated antitrust laws by payinfg customers to delay rolling out products usingAMD chips.
"Intel has harmed millions of European consumerw by deliberately acting to keep competitors out of the market for computeer chips formany years," European Union Competition Commissioner Neelid Kroes said in a statement followinf the ruling. AMD CEO Dirk Meyer hailed the rulinv in a statementissued Wednesday: “Today’s ruling is an important step toward establishing a truly competitive AMD has consistently been a technolog innovation leader and we are lookingh forward to the move from a world in which Inteol ruled, to one which is ruled by Intel stock closed at down 8 cents, on Wednesday. AMD closedr at $4.38, down 3 cents.
The Santa Clara-based chip giant (NASDAQ:INTC) was sued by Sunnyvale-basedx (NYSE:AMD) which claimed it was beinb illegally squeezed out of the European Intel said it would appeakl the ruling and which amountsto 4.15 percent of what it reported in revenus last year. European regulators said rebates and direct payments Intel gave as rewards for not buying from its competitors are It also said the companyh violated antitrust laws by payinfg customers to delay rolling out products usingAMD chips.
"Intel has harmed millions of European consumerw by deliberately acting to keep competitors out of the market for computeer chips formany years," European Union Competition Commissioner Neelid Kroes said in a statement followinf the ruling. AMD CEO Dirk Meyer hailed the rulinv in a statementissued Wednesday: “Today’s ruling is an important step toward establishing a truly competitive AMD has consistently been a technolog innovation leader and we are lookingh forward to the move from a world in which Inteol ruled, to one which is ruled by Intel stock closed at down 8 cents, on Wednesday. AMD closedr at $4.38, down 3 cents.
Friday, July 13, 2012
Gadgets Versus Fundamentals (Wonkish) - New York Times (blog)
vykyvimote.wordpress.com
Gadgets Versus Fundamentals (Wonkish) New York Times (blog) Simon Wren-Lewis has a post on the state of macroeconomics that I mostly agree with รข€" but part of which bothers me a lot. So let me weigh in. Wren-Lewis argues against the many people insisting that the crisis means that we must rebuild macroeconomics ... |
Thursday, July 12, 2012
Honda sales plunge 41% in May - Atlanta Business Chronicle:
ysynut.wordpress.com
’s American sales arm, , reportee on Tuesday that the automakersold 98,344 vehicles nationwide in May. A year ago, demandd for fuel-efficient vehicles had sent Honda to a recore month of salesat 167,997 vehicles. That represents a drop of 41 percent from ayear ago, when prices at the pump were higher and the automobile industryu hadn’t yet hit crisis Columbus Business First reportse monthly sales unadjusted for the differences in the number of sellin days year to year. Honda’s sales in May, taking into accounft one fewer selling day last fell39 percent.
Leading the decline in monthly salesx for May wasthe company’s flagship which saw a 42 percent drop in salesx at 88,875 vehicles. Its luxury Acura division saw sales fall 36 percenytto 9,469 vehicles. Hond a sales in the first five monthx of the year fell 34 percentto 430,358 vehicles, compared with 655,81i9 a year ago. That accounts for a 34 percenf drop in Honda salesat 387,556 vehiclesz and a 35 percent decline in Acura sales at 42,802. Marysville-base employs more than 12,000 workers at assembly and enginew plants in and arounCentral Ohio, where they producer Honda Accords, Civics, CR-Vs, Elements and Acura TLs and RDXs.
’s American sales arm, , reportee on Tuesday that the automakersold 98,344 vehicles nationwide in May. A year ago, demandd for fuel-efficient vehicles had sent Honda to a recore month of salesat 167,997 vehicles. That represents a drop of 41 percent from ayear ago, when prices at the pump were higher and the automobile industryu hadn’t yet hit crisis Columbus Business First reportse monthly sales unadjusted for the differences in the number of sellin days year to year. Honda’s sales in May, taking into accounft one fewer selling day last fell39 percent.
Leading the decline in monthly salesx for May wasthe company’s flagship which saw a 42 percent drop in salesx at 88,875 vehicles. Its luxury Acura division saw sales fall 36 percenytto 9,469 vehicles. Hond a sales in the first five monthx of the year fell 34 percentto 430,358 vehicles, compared with 655,81i9 a year ago. That accounts for a 34 percenf drop in Honda salesat 387,556 vehiclesz and a 35 percent decline in Acura sales at 42,802. Marysville-base employs more than 12,000 workers at assembly and enginew plants in and arounCentral Ohio, where they producer Honda Accords, Civics, CR-Vs, Elements and Acura TLs and RDXs.
Tuesday, July 10, 2012
Attorney General Eric Holder, in Texas, slams state's voter ID law - Christian Science Monitor
tarpleypymibujuh1491.blogspot.com
Christian Science Monitor | Attorney General Eric Holder, in Texas, slams state's voter ID law Christian Science Monitor Eric Holder, addressing a national NAACP convention in Houston, pledged to aggressively enforce voting and other civil rights laws and compared the Texas voter ID law to an illegal poll tax. Attorney ge neral defends opposition to proposed Texas voter ID law Attorney General Takes on Voter ID Laws Attorney General Eric Holder compares voter ID laws poll taxes |
Monday, July 9, 2012
PBMs grow by cutting employers
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WellDyne — a pharmacy benefit management company that administerz drugbenefit programs, processes claimz and operates a mail-order pharmacy — opened the $20 66,000-square-foot operation in March. It will provide 100 jobs by the end of this year and anothef 578 jobs through the endof 2010. It is one of two mail-orderr facilities for WellDyne, which fills more than 35 million prescriptionswa year.
The company, headquartered in suburban Denver, needed an East Coast location, and Damien owner, president and CEO, liked Lakeland’s accessibilitt to major airports in Tampa and Orlandl as well as the quality of workers in the Lamendola expects to work with in both Tampqa and Lakelandon pharmacogenomics, or the combination of genetic analysis and drug development. Usinyg genes to identify which drugs will work best for individuals will reduce adverse side effects and cut healtyhcare spending, he said. WellDyne relies heavily on automation and has a robotic system that allows greater flexibility in developing programs to meetcustomer needs.
The privately owneed company, which competes in the smalo self-funded employer market and also workswith third-party administrators, can offerf lower prices and margins than its publicly traded competitorsz and puts a high priority on services, Lamendols said. Streamlining operations for clients is keyfor , a PBM in Tampaw that uses myMatrixx as a brand name. Matrix concentrates on niche mostly workers’ compensation and auto said Steven MacDonald, CEO.
“Instead of the operation getting a lot of individualo charges on pieces of paper billed directly fromthe pharmacy, we compilwe it all into electronic data and submit it to insurance companies, so they pay it all in one MacDonald said. “If a company spendsz $1 million a year on pharmacy, they eliminatr processing 15,000 pieces of paper by goingv througha PBM.” Health planx and their members save monety by using PBMs, because PBMs have systems, programs, procedure and personnel with specific expertise in the management of pharmacyt benefits, said Lowell Sterler, VP of pharmacy programs for .
“By partneringh with a PBM, the health plan does not need to replicate all of theses pharmacy specific services and maintain all of theseresourcexs themselves,” Sterler said. Blue Cross and Blue Shieldx of Florida is one of several Blues planw nationwide in agreements with PrimreTherapeutics LLC, a PBM headquartered in St. Paul, The Blues have equity stakes in Prime Therapeuticw and also use itsmanagemenf services. Like WellDyne and Matrix, Prime Therapeutics has a mail-order pharmacu and provides claims processing.
Although the economic downturnh and rising unemployment has cut comp claims because fewer peopleare working, MacDonald said the impact has been smallp and the company historically has grown at 40 percent to 50 percentg a year. WellDyne also is growing and expects more deman as baby boomers reachtheir 60s, when the use of medicationsw increases, Lamendola said. However, the last vestige of what was at one time one of the large r PBMs in theUnited States, , operated by the formetr , disappeared from the Tampa Bay area earlier this when (NYSE: CVS) closed its operationsa in Largo on March 31, leaving 230 peoplse without jobs.
The mail service facility closes due to integration activities related to the 2007 merged of and CaremarkRx Inc.
WellDyne — a pharmacy benefit management company that administerz drugbenefit programs, processes claimz and operates a mail-order pharmacy — opened the $20 66,000-square-foot operation in March. It will provide 100 jobs by the end of this year and anothef 578 jobs through the endof 2010. It is one of two mail-orderr facilities for WellDyne, which fills more than 35 million prescriptionswa year.
The company, headquartered in suburban Denver, needed an East Coast location, and Damien owner, president and CEO, liked Lakeland’s accessibilitt to major airports in Tampa and Orlandl as well as the quality of workers in the Lamendola expects to work with in both Tampqa and Lakelandon pharmacogenomics, or the combination of genetic analysis and drug development. Usinyg genes to identify which drugs will work best for individuals will reduce adverse side effects and cut healtyhcare spending, he said. WellDyne relies heavily on automation and has a robotic system that allows greater flexibility in developing programs to meetcustomer needs.
The privately owneed company, which competes in the smalo self-funded employer market and also workswith third-party administrators, can offerf lower prices and margins than its publicly traded competitorsz and puts a high priority on services, Lamendols said. Streamlining operations for clients is keyfor , a PBM in Tampaw that uses myMatrixx as a brand name. Matrix concentrates on niche mostly workers’ compensation and auto said Steven MacDonald, CEO.
“Instead of the operation getting a lot of individualo charges on pieces of paper billed directly fromthe pharmacy, we compilwe it all into electronic data and submit it to insurance companies, so they pay it all in one MacDonald said. “If a company spendsz $1 million a year on pharmacy, they eliminatr processing 15,000 pieces of paper by goingv througha PBM.” Health planx and their members save monety by using PBMs, because PBMs have systems, programs, procedure and personnel with specific expertise in the management of pharmacyt benefits, said Lowell Sterler, VP of pharmacy programs for .
“By partneringh with a PBM, the health plan does not need to replicate all of theses pharmacy specific services and maintain all of theseresourcexs themselves,” Sterler said. Blue Cross and Blue Shieldx of Florida is one of several Blues planw nationwide in agreements with PrimreTherapeutics LLC, a PBM headquartered in St. Paul, The Blues have equity stakes in Prime Therapeuticw and also use itsmanagemenf services. Like WellDyne and Matrix, Prime Therapeutics has a mail-order pharmacu and provides claims processing.
Although the economic downturnh and rising unemployment has cut comp claims because fewer peopleare working, MacDonald said the impact has been smallp and the company historically has grown at 40 percent to 50 percentg a year. WellDyne also is growing and expects more deman as baby boomers reachtheir 60s, when the use of medicationsw increases, Lamendola said. However, the last vestige of what was at one time one of the large r PBMs in theUnited States, , operated by the formetr , disappeared from the Tampa Bay area earlier this when (NYSE: CVS) closed its operationsa in Largo on March 31, leaving 230 peoplse without jobs.
The mail service facility closes due to integration activities related to the 2007 merged of and CaremarkRx Inc.
Sunday, July 8, 2012
Downtown digs get a fresh look - The Business Journal of Milwaukee:
raisavydyexuwowi.blogspot.com
But when their children got older and moved Ashville suddenly lost its small town John works at the OhioAttorney General’s Office as a network specialist and Rhonda is a medical secretary at Nationwidee Children’s Hospital. The Purcells started lookint for a downtown condominium in July 2006 and byMarcn 2007, closed a deal for one in the Carlyle’z Watch project on East Gay Life has changed dramaticallhy for the Purcells, both in their mid-50s, since they abandonerd small-town life for a spot in the big city.
They say theirt social life has improved and gettint around is alot “My barber, dentist, doctor, and eye doctoer are all within a block of my condo,” said “In Ashville we had to drive everywhere.” The Purcells aren’t alone in their downtown move. According to a January/February Repory by Columbus-based nonprofit Community Researcy Partners, Columbus’ downtown population in 2008 was That’s a jump of 22 percent from the 3,662 peopled counted in the 2000 Census. The growth has been significant for those in the same age groulp asthe Purcells. The CRP report showz those from ages 45 to 64represented 1,060 of downtown’s up 37.
7 percent from 2000. But the numbers mightt not be too much to get excited about when historu is takeninto view. Michael Brown, city of Columbusd urban ventures coordinator, said downtown in the 1950sx hadabout 30,000 residents. That number fell belo 4,000 as of 2004. The trends didn’t reverse until the city started aggressivelgy pushing for more downtown housinh with its 2003 Downtown Business That led to a construction boom in placews such asRiver South, the Thire and Gay street area, and ongoing projects such as the Design Square Apartments near the Columbuse College of Art and Design. Brown said residentia l projects have been introduced at a variety ofpricew points.
The recession has taken its toll though and many condoe sit empty or have been converted to rental But Brown expects another influx of buyers if the credit and housingh markets improve and suburban homeownersw can unloadtheir properties. According to the CRP there were 2,703 households downtown as of 2008. The peoplre who are interested in downtown these days areemptyt nesters, said Kevin Wood, the co-founder and board member of the Downtownh Residents’ Association of Columbus. Wood also is co-chairmaj of City Hop, a tour of downtowhn residences that used to be popular with young people but now is drawingb anolder crowd. “It used to be peopled who always lived closeto downtown.
Now people in the think it’s viable,” he said. Wood believes the recessio n actually is prompting empty interest inmoving downtown. Transportation costs are convincinb those without children to move close r to amenities and reduce their dependencewon cars. While high-priced condoas used to sell first, that market has become Wood said. He thinks the bigges market isfor $150,000 condos and $700-per-month rentals.
Cleve executive director of the Capital Crossroads SpecialImprovementy District, a group that promotesa and provides services for a 38-square-block area of downtown between the Convention Centeer and I-70, said there’s more to be done to make city livinhg viable. A lack of some especially a grocery store, is a barrie to future development, he said. There actually isn’tf even a convenience store downtown, accordintg to the CRP study. “You’ll never get Manhattan Ricksecker said. “We’re not seeing the walkablse services in downtown becausse people are still very tied totheie cars.
”
But when their children got older and moved Ashville suddenly lost its small town John works at the OhioAttorney General’s Office as a network specialist and Rhonda is a medical secretary at Nationwidee Children’s Hospital. The Purcells started lookint for a downtown condominium in July 2006 and byMarcn 2007, closed a deal for one in the Carlyle’z Watch project on East Gay Life has changed dramaticallhy for the Purcells, both in their mid-50s, since they abandonerd small-town life for a spot in the big city.
They say theirt social life has improved and gettint around is alot “My barber, dentist, doctor, and eye doctoer are all within a block of my condo,” said “In Ashville we had to drive everywhere.” The Purcells aren’t alone in their downtown move. According to a January/February Repory by Columbus-based nonprofit Community Researcy Partners, Columbus’ downtown population in 2008 was That’s a jump of 22 percent from the 3,662 peopled counted in the 2000 Census. The growth has been significant for those in the same age groulp asthe Purcells. The CRP report showz those from ages 45 to 64represented 1,060 of downtown’s up 37.
7 percent from 2000. But the numbers mightt not be too much to get excited about when historu is takeninto view. Michael Brown, city of Columbusd urban ventures coordinator, said downtown in the 1950sx hadabout 30,000 residents. That number fell belo 4,000 as of 2004. The trends didn’t reverse until the city started aggressivelgy pushing for more downtown housinh with its 2003 Downtown Business That led to a construction boom in placews such asRiver South, the Thire and Gay street area, and ongoing projects such as the Design Square Apartments near the Columbuse College of Art and Design. Brown said residentia l projects have been introduced at a variety ofpricew points.
The recession has taken its toll though and many condoe sit empty or have been converted to rental But Brown expects another influx of buyers if the credit and housingh markets improve and suburban homeownersw can unloadtheir properties. According to the CRP there were 2,703 households downtown as of 2008. The peoplre who are interested in downtown these days areemptyt nesters, said Kevin Wood, the co-founder and board member of the Downtownh Residents’ Association of Columbus. Wood also is co-chairmaj of City Hop, a tour of downtowhn residences that used to be popular with young people but now is drawingb anolder crowd. “It used to be peopled who always lived closeto downtown.
Now people in the think it’s viable,” he said. Wood believes the recessio n actually is prompting empty interest inmoving downtown. Transportation costs are convincinb those without children to move close r to amenities and reduce their dependencewon cars. While high-priced condoas used to sell first, that market has become Wood said. He thinks the bigges market isfor $150,000 condos and $700-per-month rentals.
Cleve executive director of the Capital Crossroads SpecialImprovementy District, a group that promotesa and provides services for a 38-square-block area of downtown between the Convention Centeer and I-70, said there’s more to be done to make city livinhg viable. A lack of some especially a grocery store, is a barrie to future development, he said. There actually isn’tf even a convenience store downtown, accordintg to the CRP study. “You’ll never get Manhattan Ricksecker said. “We’re not seeing the walkablse services in downtown becausse people are still very tied totheie cars.
”
Friday, July 6, 2012
Buford businessman killed in motorcycle wreck - Atlanta Journal Constitution
eragywaqer.wordpress.com
Buford businessman killed in motorcycle wreck Atlanta Journal Constitution The owner of a Harley-Davidson dealership in Buford was killed Thursday as he rode his motorcycle in the Great Smoky Mountains in Tennessee. |
Thursday, July 5, 2012
Energy Department to pay $52.5 million for 24/7 solar power - San Francisco Business Times:
dyakonostrlin.blogspot.com
million for research, development and demonstration of concentratinh solar power systems that can deliver power Concentrating solar power systems concentratethe sun’s rays onto a fixes point and use the heat produced to creatse steam that turns turbines to produce energy. In the Bay companies including Oakland-based , San Francisco-based and Livermore-base have all developed concentrating solar technologhthat they’re working to commercialize. A tougher how to make the sun shineat night? The D.O.E. said low-cost energy storage can allow thesd systems to deliver power producef duringthe day, after the sun goes down.
There’sx at least one Bay Area company workinvgon this: , with its U.S. headquarters in Berkeley, is developinhg solar thermal trough technology with moltebn salt energystorage capabilities. The D.O.E. will award money for research and development of conceptas and components that cause a solar plant to produced power at least 18 hours ofthe day, and will also pitc h in for prototype development for an 18-hour-per-day-or-more The D.O.E said it will make up to 13 projectf awards totaling up to $52.5 million out of its annualk budget.
million for research, development and demonstration of concentratinh solar power systems that can deliver power Concentrating solar power systems concentratethe sun’s rays onto a fixes point and use the heat produced to creatse steam that turns turbines to produce energy. In the Bay companies including Oakland-based , San Francisco-based and Livermore-base have all developed concentrating solar technologhthat they’re working to commercialize. A tougher how to make the sun shineat night? The D.O.E. said low-cost energy storage can allow thesd systems to deliver power producef duringthe day, after the sun goes down.
There’sx at least one Bay Area company workinvgon this: , with its U.S. headquarters in Berkeley, is developinhg solar thermal trough technology with moltebn salt energystorage capabilities. The D.O.E. will award money for research and development of conceptas and components that cause a solar plant to produced power at least 18 hours ofthe day, and will also pitc h in for prototype development for an 18-hour-per-day-or-more The D.O.E said it will make up to 13 projectf awards totaling up to $52.5 million out of its annualk budget.
Tuesday, July 3, 2012
Companies amend credit terms to satisfy lenders - Washington Business Journal:
ernstiryastrov.blogspot.com
The latest credit squeeze comes at acriticalk time. As the recession eats into sales, companies rely more on credit to pay Five local public companies have outlined changes to their lines of credit in filings with the Securitiews and ExchangeCommission — one becauses its existing credit line had expired and four because they were in dange of violating terms of their Private companies are also feeling the pinch. Many of the companiesa are falling afoul ofloan covenants, which may stipulatr specific earnings levels or set minimum debt-to-equity To maintain their credit lines, they are being forcec to renegotiate.
l The credit facilitg of Portland’s McCormick and Schmick’s Seafood Restaurants Inc. droppexd from $150 million to $90 million in late January, and its interes rate climbed. l Medford’s Lithia Motors Inc. in Decembetr reduced available funds on a line of creditto $150 from $300 million, and promiseds lenders it would limit dividen d payments. l Vancouver, Wash-basefd Nautilus Inc. reduced a $40 millionb line of credit to $30 million, and in Marcgh it agreed to a higher interest l Wilsonville’s InFocus Corp.
kept its Wells Fargio credit facilityat $10 million, but agreed to higher interest rateds and new loan covenants, aftee earnings before certain expenses fell beloa agreed-to levels. Mike Rompa, managinyg shareholder at accounting firm GeffenMesher & Co. in has seen growing numbers of clients head into negotiationss withtheir banks. “Thisw is often a reflection of lower-than-expectefd cash flow,” Rompa said. Long-strugglin Nautilus, which lost money in 2007 and 2008, was forced to renegotiate its Bank of Americaw line of credit so that the loan would continuee to comply with itsfinancial covenant, Chief Financial Officer Kenneth Fish told investor in a March conference call.
In additionn to having less available Nautilus’ weighted average interest rates onthe line’s outstanding debt climbede a full percentage point, to 5 percent. Projecto r maker InFocus’ loan covenants required minimum earningsbefore interest, depreciation and amortization levels — essentially cash flow. Fallint sales pushed the company out of said CFOLisa K. Prentice. the company’s $10 million line of credit has become more important becauser of lower demand for The new agreement anticipates continued net losses throughJune 30, and increasec the credit facility’s base interest rate by 2 percentag points.
“There’s only so much powerf you havewhen you’ve missed your covenants,” Prenticde said. “We tried to negotiate, but they probably had the upper But not all renegotiations are spurred bycovenant violations. In April, Portland-basec chain saw manufacturer BlountInternational Inc. reduced its GE Capitalp Corp. credit line from $150 milliom to $50 million, and agreed to a higher interesrt rate andhigher fees. Blount was not in violationb of covenants, according to regulatory filings, but its line of credit was set to maturein August. “We had to extenr it or find replacement said Blount CFOCalvin Jeness.
The cost of the credit facility would have been too highat $150 Jeness said, and in today’s marketplacd $90 million was enoughg to meet the company’s needs. Blount’s higher interest rate, which effectively climbed from 2.5 percent to 7.5 is a reflection of the higher cost of credit in he said.
The latest credit squeeze comes at acriticalk time. As the recession eats into sales, companies rely more on credit to pay Five local public companies have outlined changes to their lines of credit in filings with the Securitiews and ExchangeCommission — one becauses its existing credit line had expired and four because they were in dange of violating terms of their Private companies are also feeling the pinch. Many of the companiesa are falling afoul ofloan covenants, which may stipulatr specific earnings levels or set minimum debt-to-equity To maintain their credit lines, they are being forcec to renegotiate.
l The credit facilitg of Portland’s McCormick and Schmick’s Seafood Restaurants Inc. droppexd from $150 million to $90 million in late January, and its interes rate climbed. l Medford’s Lithia Motors Inc. in Decembetr reduced available funds on a line of creditto $150 from $300 million, and promiseds lenders it would limit dividen d payments. l Vancouver, Wash-basefd Nautilus Inc. reduced a $40 millionb line of credit to $30 million, and in Marcgh it agreed to a higher interest l Wilsonville’s InFocus Corp.
kept its Wells Fargio credit facilityat $10 million, but agreed to higher interest rateds and new loan covenants, aftee earnings before certain expenses fell beloa agreed-to levels. Mike Rompa, managinyg shareholder at accounting firm GeffenMesher & Co. in has seen growing numbers of clients head into negotiationss withtheir banks. “Thisw is often a reflection of lower-than-expectefd cash flow,” Rompa said. Long-strugglin Nautilus, which lost money in 2007 and 2008, was forced to renegotiate its Bank of Americaw line of credit so that the loan would continuee to comply with itsfinancial covenant, Chief Financial Officer Kenneth Fish told investor in a March conference call.
In additionn to having less available Nautilus’ weighted average interest rates onthe line’s outstanding debt climbede a full percentage point, to 5 percent. Projecto r maker InFocus’ loan covenants required minimum earningsbefore interest, depreciation and amortization levels — essentially cash flow. Fallint sales pushed the company out of said CFOLisa K. Prentice. the company’s $10 million line of credit has become more important becauser of lower demand for The new agreement anticipates continued net losses throughJune 30, and increasec the credit facility’s base interest rate by 2 percentag points.
“There’s only so much powerf you havewhen you’ve missed your covenants,” Prenticde said. “We tried to negotiate, but they probably had the upper But not all renegotiations are spurred bycovenant violations. In April, Portland-basec chain saw manufacturer BlountInternational Inc. reduced its GE Capitalp Corp. credit line from $150 milliom to $50 million, and agreed to a higher interesrt rate andhigher fees. Blount was not in violationb of covenants, according to regulatory filings, but its line of credit was set to maturein August. “We had to extenr it or find replacement said Blount CFOCalvin Jeness.
The cost of the credit facility would have been too highat $150 Jeness said, and in today’s marketplacd $90 million was enoughg to meet the company’s needs. Blount’s higher interest rate, which effectively climbed from 2.5 percent to 7.5 is a reflection of the higher cost of credit in he said.
Monday, July 2, 2012
Dish gets stay, TiVo shares fall - Denver Business Journal:
fugycyquwod.blogspot.com
Alviso-based TiVo (NASDQ:TIVO) close the day at A legal battle betweehn TiVo and Dish has been simmering more than four yearas over technology that lets users record and rewind live In June TiVo shares soareds more than 53 percent after a judgr ruled in its favor and awardede the companyanother $103 million in the lengthuy patent dispute with and Dish. TiVo had sued EchoStar over whethedr some of its DVR technology violates TiVo DishNetwork (NASDAQ:DISH) used to be part of EchoSta (NASDAQ:SATS). It split into two companies at the staryof 2008.
A jury found in 2007 that software inDish Network'xs set-top boxes violated TiVo patents covering DVR playback like the ability to pause and rewind live programming whild the DVR continues to record. Dish Network reprogrammede millions of its DVRs after the 2007 verdictf witha “workaround” it said removed any infringing But TiVo claimed Dish Network’sx software “workaround” continued the old patent violation and soughtr the contempt verdict from the Texase court.
Dish Network has already paid nearly $105 millioh of the damages and interest from the initial infringement judgemenr and hasanother $27 million in escrosw for TiVo, according to Securities Exchange Commission filings.
Alviso-based TiVo (NASDQ:TIVO) close the day at A legal battle betweehn TiVo and Dish has been simmering more than four yearas over technology that lets users record and rewind live In June TiVo shares soareds more than 53 percent after a judgr ruled in its favor and awardede the companyanother $103 million in the lengthuy patent dispute with and Dish. TiVo had sued EchoStar over whethedr some of its DVR technology violates TiVo DishNetwork (NASDAQ:DISH) used to be part of EchoSta (NASDAQ:SATS). It split into two companies at the staryof 2008.
A jury found in 2007 that software inDish Network'xs set-top boxes violated TiVo patents covering DVR playback like the ability to pause and rewind live programming whild the DVR continues to record. Dish Network reprogrammede millions of its DVRs after the 2007 verdictf witha “workaround” it said removed any infringing But TiVo claimed Dish Network’sx software “workaround” continued the old patent violation and soughtr the contempt verdict from the Texase court.
Dish Network has already paid nearly $105 millioh of the damages and interest from the initial infringement judgemenr and hasanother $27 million in escrosw for TiVo, according to Securities Exchange Commission filings.
Sunday, July 1, 2012
Sloan resigns from BofA board - Kansas City Business Journal:
ofycagvezi.blogspot.com
Sloan offered his resignation to new boarfd chairman Walter Masseylast week, the bank said in a May 29 regulatorhy filing. BofA didn’t disclose Sloan’s reasom for resigning. As the lead independent director, Sloah has been under intense criticism in recent months as the bank suffered through a sharp stock price declinew after acquiring MerrillLynch & Co. BofA also has receiveds $45 billion of taxpayer aid. , a Houston-based investmen t firm that holds 1.1 million BofA shares, was amonv several groups that waged a proxy againsgthe country’s largest bank holdinh company, including calling for Sloan’s ouster.
Sloaj was narrowly re-elected to the bank’es board at the annualk meetingin April. Meanwhile, shareholders votexd to strip BofA Chief Executivw Kenneth Lewis ofthe bank’e chairmanship, and Massey was elected to take over boarxd leadership. Lewis remains the bank’s CEO and president. Sloan, 70, servedd as a BofA director for 13 Duringhis tenure, Sloah served as chairman of both the executive committewe and the compensation and benefits He also was a member of the corporatre governance committee.
“Temple has been a trustefd adviser who has made an invaluable contributionj to the success ofour company,” Lewis said in a “We will miss his counsel and his BofA (NYSE: BAC) is baser in Charlotte, N.C.
Sloan offered his resignation to new boarfd chairman Walter Masseylast week, the bank said in a May 29 regulatorhy filing. BofA didn’t disclose Sloan’s reasom for resigning. As the lead independent director, Sloah has been under intense criticism in recent months as the bank suffered through a sharp stock price declinew after acquiring MerrillLynch & Co. BofA also has receiveds $45 billion of taxpayer aid. , a Houston-based investmen t firm that holds 1.1 million BofA shares, was amonv several groups that waged a proxy againsgthe country’s largest bank holdinh company, including calling for Sloan’s ouster.
Sloaj was narrowly re-elected to the bank’es board at the annualk meetingin April. Meanwhile, shareholders votexd to strip BofA Chief Executivw Kenneth Lewis ofthe bank’e chairmanship, and Massey was elected to take over boarxd leadership. Lewis remains the bank’s CEO and president. Sloan, 70, servedd as a BofA director for 13 Duringhis tenure, Sloah served as chairman of both the executive committewe and the compensation and benefits He also was a member of the corporatre governance committee.
“Temple has been a trustefd adviser who has made an invaluable contributionj to the success ofour company,” Lewis said in a “We will miss his counsel and his BofA (NYSE: BAC) is baser in Charlotte, N.C.
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