Monday, January 31, 2011

Greylock Partners to move HQ from Boston to Menlo Park, add jobs - Silicon Valley / San Jose Business Journal:

social-gland.blogspot.com
Greylock, which has had a Silicon Area presencse since theearly 1980s, said it has been steadilyu expanding its West Coast presence over the past 10 yearsx by bringing in new partners with deep operational and entrepreneuriap experience and making significant investments. Greylock also said it planz to add severalnew positions, including to its Silicon Valley office in the comintg year. As part of this move, Greylock has leasex a new office, now under construction, on Sand Hill Road. Its currenty West Coast office is inSan Mateo.
Greylock's administrative and back officw functions will relocate from Boston and Don a partner who has ledthe firm's finance and administrative operatione for nine years, will move to the Bay Area where he will continure to lead operations for the firm. The firm’s Bostonh office "will remain a key locatioh for Greylock and the firm plans to continur to invest inthe area," the firm

Friday, January 28, 2011

Study: More CEOs say good works boost recruiting - Minneapolis / St. Paul Business Journal:

madhu-westmeath.blogspot.com
This marks a shift in corporatw philanthropy since the Roundtable released itsin 2000, whicnh noted that corporate responsibility was beginning to evolvde from community impact to bottokm line impact. The most recent reporrt shows thatthe evolution, has taken place. Bostonj struggles to maintain its college grads as they move into the and the Round Table report underscores that philanthropt is a factor making some local companiesw more attractive toyounger workers. The Roundtable issued the reporft in collaboration with the University of Massachusetts Boston EmergingLeaders Program.
A team from the Emerging Leaderas Program started working on the reporttlast summer, interviewing 20 Massachusetts companies aboutt their corporate social responsibilitu activities -- predominantly large companes and representing a cross-sectionh of industries. “Historically CEOs would engager in philanthropy because it was the right thingto do. They wanted to be good corporate citizens,” said J.D. Chesloff, deputyu director of the MassachusettsBusiness Roundtable. “Nows there’s a good business case to incorporatiny it into theirbusiness plan. There’ws a bottom line impact to it, in addition to beinb good for all the othercommunity reasons.
” Based on the findings from the 20 companies includecd in the research, the report suggests five ways companieds can build a culture of social • Create a clear link to the company’s missionn and secure endorsement at the executive level. • Engage employees at all levelsas decision-makers in relatiohn to corporate social responsibility targets and activities. • Leverage employees’ skille to make positive contributions tothe • Provide opportunities for employees to develop new “A lot of it is around a company being authenticv about wanting to do something in the communit and listening to what the employees are intereste in doing and connecting it to the value of the company,” said Ellen Remmer, CEO of The , a nonprofit that promotes strategic philanthropy and advises donors.

Wednesday, January 26, 2011

Report: Gannett to cut 1,000 jobs - Phoenix Business Journal:

geqopimozaqyxyh.blogspot.com
The cuts, a response to the McLean, Va.-based mediwa company’s revenue declines, will occur in Gannett’xs community publishing division, according to the which said USA Today willbe spared. Gannett has abou 41,000 employees. It publishes more than 80 dailyg newspapers and has about850 non-dailu publications, including the Arizonaw Republic, according to the company’s Web site. In addition, it operatez 23 TV stations. In the firsgt quarter, total revenue dropped 18 percentto $1.38 Revenue from advertisements in the company’s publications fell 34 percentg to $723 million, and circulation revenues went down 3.1 percent to $300 Net income fell 60 perceny to $77.
4 million. In cost-cuttinvg moves earlier this year, Gannett mandated unpaid furloughs for most employeees and temporarily reduced salaries forsome higher-paid employees. In May, the companu killed the Tucson Citizen, whicb had been Arizona’s oldest continuously publishedf newspaper. However, Gannett remains a partner in a company that publishews anotherTucson paper, the Arizona Daily

Sunday, January 23, 2011

Kips Bay Medical Sees Selling 2.8M Shares For $8-$10 Each In IPO - Wall Street Journal

http://www.flashvillage.com/forums/member.php?u=342921


Kips Bay Medical Sees Selling 2.8M Shares For $8-$10 Each In IPO

Wall Street Journal


Kips Bay focuses on developing, manufacturing and commercializing its external saphenous vein support technology, or eSVS MESH, which is a mesh sleeve made ...



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Friday, January 21, 2011

Riley signs bill that extends incentives to white-collar firms - Atlanta Business Chronicle:

http://www.lucidicstudios.com/Home-Design-Sense-Bathroom-Design-Ideas.html
restrictions prevent Birmingham from recruitingf heavymanufacturing companies, but the state’s incentive program previously only targeted thosde industries. The legislature passed and Gov. Bob Riley signed into law the abilitgyfor white-collar industries to be eligible for stated incentives. “We’ve got to expand the playinfg field and improve our ability to competefor higher-paying jobs in some of the key growtb industries,” Riley said. “That’s what this bill It re-tools our economic development strategy and lays the foundation to move us forwarrd and come out of this recession strongerthan before.
” By broadening the eligibility the state can offer incentivesa to attract corporate headquarters, high-tech research and development facilities and jobs in the newlt emerging “green” economy. Those are areazs Birmingham has been focused on in thepast decade.

Georgia Watch takes Northside Hospital to task - Atlanta Business Chronicle:

http://childfoundation.us/home/foundationregistration.html
"A Crisis of Affordable Health Care: Northside also described howthe tax-exempt non-profit hospitak rewards executives with million-dollar compensation treats few indigent and charity care patients, and chargese uninsured patients significantly higher costs for services than it charged insurance companies and government-sponsored insurancd programs. However, Northside contended in a prepared statement that many ofGeorgiaq Watch's allegations are "mirrored in lawsuits filed against Northside and other non-profit Georgia hospitalxs years ago that Georgia courts dismissed in 2005-2006 as baseless.
This includes the falsd claim that Northside charges uninsured patients more thanother patients... Notably absent from the report is any discussio n of discounts and othef financial assistance provided by Northside to patients unableeto pay." Georgia Watch, a nonprofit consumer group, said its researchj and analysis are baser on figures reported by the hospitalp to the and the . About one in every 10 Northsider patients is billedinflated charges, according to Georgia Watch. Georgiza Watch also said Northsider invests heavily outsideFulton County, from whichj it has received taxpayer support for more than 15 Of a total $423.
4 million in approved and proposede capital expenditures, more than 66 or $285 million, has, or will be, spenft on expansions at a Northside facility in Forsytyh County, according to Georgia Watch. Tax-exempgt nonprofit hospitals do not pay most including income, sales or property taxes. In Northside said it not only serves Fultoj County but provides a substantial amoung of care to other Georgians inneighborinhg counties.
It said it treats more casez of breast andgynecological cancers, as well as any othed type of cancer, than any othetr hospital in Georgia and it performs more surgical procedurex than any other hospital in the

Tuesday, January 18, 2011

Dinsmore, Woodward in Louisville discuss possible merger - Houston Business Journal:

http://chalonot.net/program-sar-el/osobni-zkusenosti/18-rozhovor-nekteri-si-dokonce-mysli-ze-jsem-silena
The firms have not struck a deal, but they have had “seriouz discussions” regarding a potential merger since late last saidJon Fleischaker, managing partner of Dinsmore’s Louisvillee office, in a report by Louisville Businesxs First, a Business Courier sister paper. Dinsmorr has more than 400 attorneys in 10 officeas infour states, according to the firm’s Web while Woodward Hobson & Fulton has abouty 55 attorneys in Louisville and Lexington. Donna King Perry, managing partne r of Woodward Hobson, declined to commenrt on the possibility ofa merger.
Georgr Vincent, Dinsmore’s managing director and chairmah of the boardof directors, could not be reachexd prior to Business First’xs press deadline. The merger negotiations currently are on hold becauswe of ongoing litigation that pits Dinsmore and Woodward Hobsonn clients againsteach other, Fleischaker said. Joining the firms would creats a conflictof interest. He added that there is no guarante that the firms will agree to mergs once there is a resolution to thependinv litigation, which he declined to discussx in detail.
Though officials of the firms did not describd theongoing litigation, Woodward Hobson and Dinsmore attorneys were involved in a well-publicized case in Louisville. On June 9, Norton Healthcarre Inc., Woodward Hobson’s client, was ordered to pay more than $4 millioh to a local anesthesiologuy practice, Anesthesiology Associates PSC, which Dinsmorre represents. A Jefferson Circuit Court jury determined that the nonprofi hospital company breached its contract with AnesthesiologyAssociates PSC. But the case is not resolved.
Nortom plans to appeal the verdict, said Stevre Menaugh, vice president of public relations and communications for Fleischaker said a merger with Woodwarxd wouldstrengthen Dinsmore’s Louisville office in terms of the numbetr of attorneys and areas of expertise. “Itf would make for a biggert platformfor us,” Fleischaker said. In he sees an opportunithy to expand thelocal office’s corporate practice and its estatr practice — two areas in which Woodwarsd is solid.
Both firms have a large laborf andemployment practice, Fleischaker so those would mesh well If a merger were to occur, he anticipates that the two Louisvillre offices would be consolidated in one location at some Dinsmore’s Louisville office is currently is locatedx in the PNC Plaza at 500 W. Jefferson St. Woodwardr Hobson & Fulton has offices in the Nationall City Tower at101 S. Fifth St. Woodward Hobson & Fulton was No. 7 on Business First’s Nov. 14 list of the area’s largesf law firms, which was ranked by the numberf oflocal lawyers.
The firm had 39 locaol attorneys, and its practice areas include labor andemployment law, business organizations and estate planning, torts and insurance and produc liability. Notable clients include CSX Transportationj Inc., the University of Louisville, Brown-Forman Corp., Louisville Wate Co. and ZirMed Inc. Dinsmore & Shohl was ranke No. 9 on Business First’s list with 30 locapl attorneys. Its practice areas include laborand employment, healthg care, commercial litigation, appellate law and media and first amendmentg law. Dinsmore’s notable clients include AllstateeInsurance Co.
, Bluegrass Cellular The Louisville Courier-Journal, the Kentucky Press Association and Mylan Pharmaceuticals Inc.

Saturday, January 15, 2011

Gehl secures new 2-year credit pact - Atlanta Business Chronicle:

http://nittanylaw.com/practice.html
The agreement with U.S. bank lenders providez for a total credit commitmentof $105 million and a term of 24 The credit line consists of an $80 million revolving line based on North American inventories and accounts receivable and a term loan of $25 million payabled in quarterly installments. The credit pact replaces the company'xs October 2006 $125 million unsecured credit facility. As part of the amendedd credit agreement, Gehl Co. has grantedx to its bank lenders a security interest in all of its NorthAmerican assets.
The amended credit agreement addressex matters that gave rise to an April 16 forbearances agreement with the lender group that rescinds and withdrawds a notice of debt repayment delivered onMarch 31. That agreemen t with lenders extended the repaymentof $117 million in debt unde r a revolving credit agreement, which serves as the company's principao source of liquidity. Gehl said it has significantly reduced its outstanding borrowings usinf operating cash flows created in part by the cost savingse initiatives implemented over thepast

Thursday, January 13, 2011

Kansas City Chiefs sign deal to move training camp to Missouri - Minneapolis / St. Paul Business Journal:

http://rom-ukr.biz/en/component/content/article/47-top-10-sporting-romances.html
The Chiefs signed a five-yeatr contract, with five additional one-year to hold training camp at . If the Chiefs decided not to exercise theadditional one-yea r options, the agreement with the Missouri Development Financer Board still requires the team to hold training camp in Missouru until 2020, unless it repays a portiojn of the tax credit. The Chiefs pledgex $10 million to help the university builsd an indoor practice facility in exchange fora $25 milliojn tax credit from the Missouri Development Financer Board. Financing for the new facility alsoincludez $2.25 million from the city of St. Joseph, $2.25 milliojn from Buchanan Countyand $1.
2 milliojn from the Missouri Western Statwe University Max Experience Student Fee program. The universityy previously said that it also is trying to raise anadditional $1 million in private Construction plans at the university includs a climate-controlled, 120-yard indoor field, team and position meeting space for the office space for the Chiefs coachingh staff, an end-zone complex, a new parkingv lot and two 120-yard NFL regulation-size grass fields. The projecrt requires moving the softball fields and acquiring new furnishings and traininbgcamp equipment. Missouri Western will be responsible forthe facility’sd ongoing operation, maintenance and repair.
To provide ongoing financing, the university intendws to sell naming rights to the variou s aspects ofthe project. The university is responsibls for any cost overruns and has assurecd the Chiefs that the facility will be completede beforeJuly 2010. The Chiefs traininvg camp now is inRiver Falls, where it has been since 1991. The team trained at in Libertyy from 1963to 1990.

Monday, January 10, 2011

AccuStrata wins $150,000 in federal stimulus funds - Washington Business Journal:

acasadtoglad-shiva.blogspot.com
, which is housed in the Universityof Maryland’s Technology Advancement Programm incubator, is receiving the Department of Energy fundss for a one-year time frame to test out a singlde concept federal leaders think could shinew more light on the solar photovoltaic After developing a system that wrings even more powee out of solar the company is tasked by DOE to refine its real-time, optical monitoring system for solar photovoltaics to improve their processes and cut their The idea is to fashion new technologyh that could be rolled out on the solar photovoltaic markef in the next two to six Company researchers have been focused on improvinh thin-film solar cell manufacturinb to potentially double the amount of solar power that can be convertec into energy — 20 percent of a sun’s rather than today’s norm of 10 percent in the process ringing up more revenue for sola r panel manufacturers and bringing down costxs for consumers.
AccuStrata, which must supply matching funds through thisstimuluse grant, is one of roughly two-dozen technology companiesw nationwide accepting Recovery Act checks totalingy $22 million to research or demonstrate projects that can help spee d the use of solar photovoltaicx to generate electricity. The federal agency’s goal is for the solart technology to contribute equally to the power gridby 2015.

Saturday, January 8, 2011

Procter & Gamble moving Iams operation to Mason - Business Courier of Cincinnati:

http://www.savnet-harryhole.com/2009/09/bel%c3%b8nningen-reis-jorda-rundt-for-2-vi-spanderer/
Iams, now called the North American Pet Care will movefrom Vandalia, north of to P&G’s Mason Business Center beginninvg in early October, according to a news All of the unit’s approximately 240 employeeds will also relocate to Mason. P&G said in the released that the move will boosf productivity and allow for more collaboration between the pet care unit and the oral personal health and pharmaceuticals businesses that are housed in About 2,000 currently work at the complex, on Mason Montgomerh Road. In December, P&G said it plannedx to sell or otherwiser phase outits $2.2 billion, 525-employee pharmaceuticao business.
But Iams spokesman Jason Taylor said the move is not asign P&Gt will be cutting pharmaceutical jobs. "This is a normakl thing, that they would accommodate a move,” he "There’s nobody moving out of Mason in order for us to move in Forthat matter, a sale of P&G'e pharmaceuticals business is not imminent. Analysts have said the busines s could be a tough sell because of the dearth of financingv in the acquisitions market and a lack of blockbustetr drugs inits portfolio. Some suggestes P&G might have to put off a sale until 2010. The pet care businesds produces and markets the premium Iams and Eukanuba dog and catfood P&G acquired Iams in 1999 from .
About 250 employees at the Iams-Eukanubw manufacturing and R&D complex in Preble County will not be part of the thecompany said. The Vandalia which P&G owns, will be put up for leasee or sale, Taylor said. Procter Gamble (NYSE: PG), headquartered in develops, manufactures and markets consumerr productsand pharmaceuticals.

Wednesday, January 5, 2011

Behind the Box Score, where New York is loud and proud - Yahoo! Sports (blog)

idellecromwell1991.blogspot.com


Behind the Box Score, where New York is loud and proud

Yahoo! Sports (blog)


This wasn't just pace, though the pace (97 possessions in the game) was brisk. New York wasn't stopping San Antonio, and the Spurs weren't ...



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Monday, January 3, 2011

QinetiQ signs lease in Reston - Atlanta Business Chronicle:

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As the incoming lead tenant inthe 196,00p0 square-foot Class A office building at 11091 Sunset Hills Road in its 11-year lease starts later this McLean-based QinetiQ North America, a subsidiary of London-baserd QinetiQ that offers technology-basefd defense and security products and services to the said its 42-percent revenue growthn over its last fiscal year has partly been due to its role in the intelligencre and cyber security markets and new work with the Departmenyt of Homeland Security and NASA. It will be the fift h U.S. office for the company, which is also in Huntsville, Ala. and Waltham, Mass.
The tenantf was represented by Robb Johnson andDee MacDonald-Millerd of Jones Lang LaSalle. Vardell Realty Investments LLC was represented by Mike Rob Walters and Nate Krill of Millennium RealtyAdvisors LLC. Initially, 400 program management-type employees be relocating from various offices in Fairfaxd County into theReston building. Down the road in 2011 or the number of employees at the site will doublwto 800. Out of the 400 moving in, 75 will be part of QinetiQ’z technology solutions group and the other 325 will be part of its missiojnsolutions group.
“Like any company trying to attract andretai high-quality people, we were lookin for more than just a This building has environmentally-friendly features the new generatiob of employees is looking for,” said Matthe Warnock, director of public relations at QinetiQ. He said the buildinyg will also help cut down onoverheadr “by a great deal,” with expected savingas of 65 to 70 percent on power consumptiojn through the use of virtualization software and green technologgy to reduce heating and utility He adds that the building sits right off a bike trailp and was built on an east-to-west which means employees can take advantage of a full day of sunlighrt and cut down on electricity.