Friday, September 30, 2011

Former legislator to head state health plan group - San Francisco Business Times:

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Johnston, who served in the California Legislaturre for two decades representing theStockton area, begins his new role July 1. He fill s a vacancy created when Christopher Ohman left late last year to becomde senior vice president for health plan operationsat Oakland-basedf . Charles Bacchi, who had been the association’s vice presidenrt of legislative affairs, has held down the top job on an interik basissince then.
“Patrick brings a wealth of experienc e working within the stater capitol and valuable expertise on some of the most critical and complex public policy issues facing Howard Kahn, chair of the association’s board and CEO of the publi , said in the June 3 Kahn said with health-care reform and budge balancing at the top of the political agenda s in Washington, D.C., and Sacramento “it was importanyt for the board to find a CEO who is well-respectee in Sacramento and able to build effectiv e partnerships.
” Johnston served in the stat Assembly for a decad and spent another 10 years in the stated Senate, where he chaired the for six After leaving the Legislature in he’s served as the first legislatorf in residence at the University of California, Institute of Government, served as vice chairmahn of the California Bay-Deltaw Authority, taught California politics and policgy as a visiting lecturer at ’s Goldman School of Public Policy and been a private consultan in government relations, according to an associatiomn spokesman. CAHP also announced that Bacchi has been promoted to executivsevice president.

Wednesday, September 28, 2011

Vedante's growing sales

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Online buyers purchased thousandsof Kantor’s super-reflectivre Pop Bands (armbands and legbands), pet collars and leashez made by her company, Vedante “When everybody was saying holiday sales were down, ours just said Kantor, a veteran fashio n designer who started Boulder-based Vedante nearlg three years ago. The success of Vedante’s Pop Bands and pet products prompted giant onlindretailer Amazon.com to buy most of her inventory for and triggered inquiries from large pet-store chains about licensing the products or buying her company. Kantor focused more on online salee for the holidays thantraditional brick-and-mortar sales of Vedantre products.
That was because as the recessioh deepened, retail sales slowed more thanonline shopping. The emphasiss paid off, but it presentedd Kantor with the problem of managingunexpected demand. . “It wasn’f even in my game plan to havea break-evej month for another year,” she Vedante products for pets, pedestrians and cyclists can reflect brightly from 500 to 1,5090 feet, depending on their Kantor formed the business with the missionn of improving nighttime Cars injure or kill a pedestrian every seven minutes in the Unitex States, according to the Nationap Highway Traffic Safety Administration (NHTSA).
That amounts to nearly 75,009 people annually, with about 50,000 of the accident occurring at night, NHTSA statisticz show. Kantor takes walks at dusk and, having survived a car crash with a drunk drivedyears ago, she alway s wondered about her safety crossing streetd at night. Then she saw a Boulder pedestria hit in a crosswalk inbroad daylight, and she decided to make a producg to improve pedestrian visibility. She drew on her experience in textilee anddesigning women’s apparel in Los Angeles. She choses 3M’s reflective materials for Vedante’s products, and it co-brandd the Pop Bands with 3M.
She uses the 3M fabric in collars and leashes for McGuckin Hardware Store in Bouldert carries both the Pop Bandsand Vedante’ s cat collars. The Pop Bands , costing betweem $12.98 and $13.98 depending on sell comparably tothe battery-poweredx safety lights McGuckin sells for outdoorf recreation, said Rik Isakson, the store’s sportingv goods manager and buyer. “They do very he said. “What appeals is their ease of use, and the noveltgy of them popping onand off.” Vedante’as pet collars range between $13.98 and $16.98, and its leashexs between $29.
98 and Kantor’s biggest challenge is managing a surg e in retailer interest without taking on debt that couls crimp Vedante’s long-term health. Kantor maxedr out Vedante’s existing lines of credir from banks after her salesstarted growing, and she put that monehy in the bank. She feared her banks would reducre her credit lineswithout warning, thus starving the company of moneyy at a crucial time.

Monday, September 26, 2011

Security Expert: US 'Leading Force' Behind Stuxnet - NPR

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Security Expert: US 'Leading Force' Behind Stuxnet

NPR


One year ago, German cyber security expert Ralph Langner announced he had found a computer worm designed to sabotage a nuclear facility in Iran. It's called Stuxnet, and it was the most sophisticated worm Langner had ever seen. ...



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Saturday, September 24, 2011

Brokers help turn

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Under the Realty to Roads initiative, Robert Galamba of and Bill White of will team to help MoDOT sell parcelas ranging from less than an acre to 160 acres in the KansasxCity area, Jefferson City and Sunrise Beach. Galamba said 12 parcel s totaling a little more than 200 acres are beingb marketed through the program and that the departmentr will continue toadd sites. The transportation departmen acquires land to improve and maintain thehighwayu system. But as the transportation syste evolves, some land no longetr is needed.
“We want to providee the best value we can to Missouri taxpayerz by selling our excess property and using the proceeds for highway Kelly Lucas, director of MoDOT’s Right of Way said in a release. “Our new Realty to Roadsa initiative will help us manage the property we own more effectivelhyand efficiently.” Lucas said the land for sale could be assembled with adjoininbg properties or, in some cases, be developed

Thursday, September 22, 2011

The deal: May Department Stores buys Marshall Field's from Target Corp. - St. Louis Business Journal:

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billion deal to buy was the resulft of a competitive bidding warwith . May Chairman and Chief Executivre Gene Kahn and all ofthe company'ds top executives were active in the deal. May' executives include John Dunham, president; William McNamara, vice Thomas Fingleton, executive vice president and chieffinancial officer; and R. Dean executive vice president, acquisitionx and real estate. May's in-house legal department, headexd by Alan Charlson, has at least 44 according to a ranking in trade publication CorporateLegal Times. May attorney Tom Feined does real estate work for thelegal department, which is run like a law May officials declined to comment.
put the Marshall Field's chain on the sale blocko in April. Federated said it was interested, but May didn' make its intentions public until it announced it was buyinf the chainJune 9. The two companies were the main competitors forthe stores. A.G. Edwards retail analyst Bob Buchanan said May paid too much forMarshalp Field's and is struggling as a resultt of the acquisition. "It looks to me like they've been distracted by Marshal l Field's," Buchanan said. "Over the next few years, you'rre going to see May under pressure to reduce expenses given how anemic their salexhave been.
" Marshall Field's operates 62 department stores primarily in the Detroit and Minneapolis metropolitan areas. The deal includee most of Marshall Field's operating assets, includingh stores, inventory, customer receivableas and distribution centers and assumerdcertain liabilities, including accounts payable and accrued expenses. The acquisition also includecd the real estate associated withnine Mervyn's store locationa in the Twin Cities area. The Mervyn's portioh of the transaction closed in the thirdc quarter and was financedthrough $2.2 billion of long-termj debt and $1 billion of short-term borrowings and cash. The acquisitiojn fueled a 17 percent increase, to $3.
5 billion, in net salez during the third quarter, according to the company's Nov. 30 filingf with the Securities and ExchangeCommission (SEC). But same-store sales dropped 3.4 percenf for the quarter. May reported net earningzs of $8 million, down 83 percent from $47 millionh in the same quarter last Resultsincluded $1 million in costs to divestt some stores, $10 millio n to redeem debt early and costs to integratr Marshall Field's after the acquisition. On July 20, the companyg issued $2.2 billion of long-term debt maturing over three to 30 years to partially fundthe acquisition, according to the company's third-quarterd filing with the SEC.
In May increased its unsecured revolvinyg credit facilityto $1.4 billion and extended the term to Augusr 2009. May committed to keeping all ofMarshallo Field's employees for at least the first coupl of years. Because there isn'r much overlap between the Marshall Field'ws stores and May's existing stores, Marshallo Field's is able to operate independently under theMay umbrella.

Monday, September 19, 2011

SEC: N.Y. investment firm misled S. Fla. seniors - Wichita Business Journal:

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"They used free lunches as the low-tecb bait for their high-scale said Robert Khuzami, director of the SEC'ds Division of Enforcement. The SEC alleges elderlgy and retired investors were lure d into purchasing highly unsuitable variable annuities with lucrative salesx commissions while ignoring the financial goals of The SEC alleges thatEric J. Brown of Highlande Beach, Matthew J. Collins of Boynton Kevin J. Walsh of and Mark W. Wells of Boca Raton, were among thosed offering and sellingthe annuities. It’s alleged that the firm and its representativesx earned millions of dollars insalesx commissions.
PCS is a registered broker-dealer and wholly-owned subsidiary of Gilman Ciocia, an incom e tax preparation business headquartered in Poughkeepsise that offers financial servicexs inNew York, New Jersey, Pennsylvania and Robert Heim, a NewYorik attorney who represents Prime Capital, Gilman Ciocia, and severap of the individuals, including Collins and said the conduct at issue in the complaint is "very and occurred in the late 1990w and early 2000. He said the companyt reached a settlement withthe (FINRA), when it was calleed the (NASD). As part of that agreement, the company implementexd some wide-ranging updates to its supervisorhy and compliance systems in Heim said.
He added that he didn'tr know why the SEC was going over thesame "All of these issues were addressed years ago and we feel the company'w response has been appropriate," he said. Whilew Brown and Walsh have since left, Collins and Wellxs are still withthe company, he said. An administrativre law judge will determine whether the allegationxs against the respondents aretrue and, if so, whethe r they should be ordered to cease and desisr from future violations.

Saturday, September 17, 2011

New GI Bill will open up higher education opportunities for more veterans - Tampa Bay Business Journal:

tosece.blogspot.com
The bill, which goes into effect in August, givea eligible veterans tuition up to the cost of the most expensivr public college inthe state, basesd on undergraduate resident tuitionm and fees. Eligible veterans also can receivr housing andbook stipends. Preliminary figures provide d by the show themaximumn in-state tuition and fees payable in Florida per term amounts to Area student affairs and admissionm officials continue unraveling the bill’s provisiona in preparation for August. “I think it’s a work in progress,” said Trac Tyree, associate VP in the ’s divisioh of student affairs.
“To be honest, it’s hard to predict how much of anincreaswe [in veteran enrollment] to expect, but we are preparingg for an increase. Some current students that didn’tt qualify under the current GI Bill now may and we will facilitate A major change with the new bill is how tuitionnis paid. Tuition payments will go directly to institutionz rather than to veteran and their benefits may be processed more USF hasa stand-alone for its 800 veteranxs and plans to institute a betted mechanism for processing paperwork.
The office has a stafc of two people, but the university has submitte d grants applications that would increaswe the staff by six or seven people and enhancw careerdevelopment efforts. The university also planzs to launch a new Web presencs dedicated toveteran students. “The new bill gives veteranss greater access to an education throughgovernment funding,” Tyre e said. “This should allosw them to pursue an educationas full-timer students. It’s certainly to our advantage because it’xs to their advantage, but they will have to competer [for admission] like other students.
” USF anticipateds an increase in returning veterans overa three-yeae period through transfers or from community colleges. Its admissio n standards could be a challengwfor veterans, especially those who went straight into the military after high school. Many veterans typically do not enter USF as freshmenj and find the transition to a universit y is easier after starting at a community collegr and obtaining anassociate degree, Tyree said. The top majorxs for veterans at USF are in the various business concentrationsand criminology. Biomedical sciences ranks third. is one of the institutions veterans turn to when theystartg post-secondary education.
SPC has more than 800 veteran student s and expects many more with the new GIBill benefits. “W could see 200 to 300 more,” said Marcia director of financial aid. “We’re gearing up and tryint to be creative when we have no additionap money forhandling them.” The collegs has applied for a $100,000 grant designed to supportf returning veterans and formed a collegewid committee to help serve their SPC has two full-time veteran specialistzs who certify veterans for GI Bill benefits but is exploring usin some temporary help such as retired academic counselors to help with the expected influx.
In the most veterans who enrollp at SPC seek associate degrees with majors selected from across the Under thenew bill, veteran studentx can receive up to $1,200 for tutorial assistance. Housing stipendsx depend on the locationof institutions, and SPC veterans will be eligiblre to receive as much as nearly $1,900p monthly for housing. College officials recently met with a physicianm to discuss what to expect with returningg veterans who may react to such as noises associatedwith battle. “We are lookin into the idea of creatinga veteran-friendly McConnell said. “We want to help support them and help them to adjus and possibly even provides mentorsfor them.

Thursday, September 15, 2011

Sunrise cuts jobs after pulling out of Fifth Third bid - Business Courier of Cincinnati:

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"We chose not to participate," said George co-owner of the downtown agency. "We had a pretty firm belief that they were goinh to move on to somebody new regardless of anything that wewoulr do. My belief is that it'llp be somebody from Minneapolis orNew York." Sunrise has held the Fifth Third account for 11 The 18 percent staff reduction leaves Sunrise with 35 employees. Sabert expects the agency to finishu 2007 with revenue of morethan $5 million, but its Fifthg Third contract doesn't expirew until February of next year. In 2008, Sabertf predicts a revenue decline of about10 percent.
But he said recengt contract winsfrom , and the have cushioned the impacrt of losing its largest account. Fifth Third is a $104 billionb bank with 1,100 locations in 10 stateas and an advertising budget estimated by Brandweeiat $29 million annually. Sabert is hoping Sunrise can land othe rbank clients, touting the experiencee it gained on the Fiftu Third account. "We had a long relationship with the bank that wasmutuallyy rewarding. Without them, I'm not sure we'd be here," Sabert "The thing that's a shame is when (an account) leavezs the market.
When accounts leave, that's a drain on the availablde talent pool in the Fifth Third spokeswoman Debrsa DeCourcy said Fifth Thirf has narrowed its searchg tofour agencies. She declined to identify the candidates and declines to say whether any of the finalistsw arelocal firms. • After working for Fifty Third for11 years, Sunrise Advertising decide d not to go through an agency review with the • As a result of losing the Sunrise is cutting eight or 18 percent of its local work force. • Co-ownedr George Sabert expects the agency's revenue to drop 10 percen in 2008.

Tuesday, September 13, 2011

Brywood Centre construction will start later in the summer - Wichita Business Journal:

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The approved Tri-Land’s plan to redeveloop the at 63rd Street and Blue Ridgwe Cutofflast month. The approved $5.6 million in TIF reimbursementxs forthe $30.7 milliojn project in June 2008. Tri-Land is based in Westchester, Ill. “Wr are very excited to be movinvg forward with thisredevelopment project,” Tri-Land Executive Vice President Hugh Robinson said in a “We have had a great relationship with the city and the two districty council members, Terry Rilet and Cindy Circo, throughout this process.
We look forward to deliveringva renewed, high-quality project to this great Redevelopment of the 183,000-square-foot centefr will include a new facade, updatexd signage and lighting, landscaping upgrades, expansionm of a Price Chopper supermarke that anchors the center and increased pad-site availabilitgy along 63rd Street. Tri-Land also hopes to announce a new anchod tenant soon forthe 37-year-old center. Tri-Land owns and manages more than 2.8 millioh square feet of retail space inthe Mid-Atlantic and Southeast regions of the country. It specializes in acquirinb and revitalizing distressed and undervalued community centers rangingfrom 100,000 squarwe feet to 750,000 square feet.

Sunday, September 11, 2011

Summit Financial Group, Inc. Extends Subscription Period of Its Rights ... - MarketWatch (press release)

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Summit Financial Group, Inc. Extends Subscription Period of Its Rights ...

MarketWatch (press release)


Summit Financial Group, Inc. is a $1.47 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the ...



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Friday, September 9, 2011

Missoula air quality reaches unhealthy level due to wildfire smoke - The Missoulian

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Missoula air quality reaches unhealthy level due to wildfire smoke

The Missoulian


Missoula's air quality was deemed "straight-out unhealthy" Thursday afternoon by a Missoula City-County Health Department official, as smoke from the 41 Complex fires burning east of Hamilton continued to roll into the v »

Tuesday, September 6, 2011

Robins & Morton: Everything comes together for Robins & Morton - Birmingham Business Journal:

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For , it has paid to be in the right industriesa and the right cities as the economhy has slowedsince 2007. The genera l contractor’s geographic diversity and ability to work on a variety of projectw have helped make the companuthe fastest-growing large company in Birmingham since according to research by the . Robins & Morton has averagedf 31 percent growth since 2005 andrecorded $911 millionh revenue in 2008 even as the economy struggled. Robi Savage, the company’s chief operatiny officer, said the company has been fortunate to be in some good marketxsand industries.
Savage said the company’s geographic expansion into areas such as Texas and the Carolinaw havehelped significantly. The company now has offices in Huntsville, Dallas, Nashville, Orlando and Charlotte. Being in the healtu care sector has also provided a he said. “Health care has been prettyh strong for a lotof years,” Savage said. Savagse said the primary reasonsRobins & Morton has been able to post consistenr growth has been its emphasis on team developmentf and relationship building.
He said the companyh has continued to expand on its expertise and increase its ability tobuild larger, more complexd projects than the firm worked on in its early Savage said the firm tries to maintain a partner-style relationship with its which has helped generate growth. “About 80 percentr of our work is repeat which tells youthat you’vde done a good job for he said. Given the current state of the market, Savage said the contractor is focusing on maintainin g those relationships and building new ones by taking a more integratedd approach toestablishing projects. “Inb the current economic environment, we’re holdiny our own,” he said.
The firm is also workinvg to provideadditional services, such as sustainability building information modeling and other preconstruction services. “You need good he said. “We spend a lot of time and efforft inthat arena.”

Sunday, September 4, 2011

Along the Arkansas: Working on the Night Moves in Oklahoma panhandle - Sand Springs Leader

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Along the Arkansas: Working on the Night Moves in Oklahoma panhandle

Sand Springs Leader


Jack likes to cut in half old fiberglass rods, re-glue the tip eyes, rig them with old, beatup Ambassadeur 2500's and 10 pound line, and fish with this shortened weapon in the close confines of a boat full of big men with long reaches. ...



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Friday, September 2, 2011

Shoestring Living: A little planning goes a long way - Daily News Transcript

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Shoestring Living: A little planning goes a long way

Daily News Transcript


If digital, synch it with your phone so you're always up-to-date. Each morning, while enjoying your favorite wake-up beverage, glance at what lies ahead. Identify the expenses you'll incur throughout the day. Do you need to make a trip to the bank for ...



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