Tuesday, February 28, 2012
Cafe di Napoli closes in Minneapolis - Business First of Buffalo:
The restaurant was on the Skywayy retail level of a condo and officer building at the cornerr of Marquette Avenue and SouthSixtgh Street. It was owned by developer Larry Abdo, principal of Anxon the company that ownsthe building. Abdo said he’ws very close to finishing a deal with a new restauranft tenant that is interested in the spacw and he could make an announcement in the next few Cafe Di Napoli originally opened in 1938 on Hennepimn Avenue and operated therefor years. In 2005, the lack of lunchj patrons prompted the former Joe Piazza, .
Then in 2007, two of Joe’s David and Nancy Piazza, in the skywagy level of Abdo’s condo project, also known as 6 In late 2008, Abdo acquireds the restaurant. “I bought it knowing that unless it was an enormousz home run that we would probably not be inthat business, so we’ve been looking for someone to take the spac e over.” Abdo and his wife went on their firstf date at Cafe Di Napoli so he said he had an emotionak attachment to it. Abdo tinkereds with the menu and pricing atDi Napoli, trying thingd such as 10 cent bottlex of wine to go with pizzas during happyt hour.
“It did OK, but it was not fabulous,” he “We just really want to concentratw on ourburger brand.” That brand is a restaurant called My Burger - a no-frills hamburger and frencb fries restaurant that was created and is owned by the Abdo The original My Burger store is two-doors-dowb from the former Di Napoli restauranf space. There’s also a location in Centeer City, Minn.
“We’ve got people that are interestedd in doing some funding for it and we have got some locationw that are picked outand we’ve been working on improving our product and our
Sunday, February 26, 2012
Local group reports 110,000 jobs created - Triangle Business Journal:
Charles Hayes, the RTRP’s president and CEO, said the greater Triangle area posted a net gainof 110,224 jobs over the five yearsa that ended Dec. 31, 2008. That exceeded the goal set by the groupl in early 2004 when it launchedits $5 milliomn job-creation initiative, called “Staying on Top: Winninyg the Job Wars of the Future.” Hayes presented the result to a crowd of about 650 at the annuao State of the Research Triangle Regionm event hosted by RTRP and at the .
Stayinvg on Top was designed to grow employment in 10 industryt clusters the group defined as critica toits region, which consists of Wake, Orange, Johnston, Chatham, Person, Granville, Vance, Harnett, Lee, Moore and Warren counties. Eight of the cluster s were intechnology fields: pharmaceuticals; biological infectious diseases; agricultural biotechnology; pervasive computing; advanced medica care; analytical instrumentation; nanoscale technologies; and informatics.
The other two areas of focus were vehicle parts and The job creation numbers presented by Hayes on Thursday came fromthe , whichu tracks employment in industry sectorsz that differ from the clusters defined by the making it impossible to determine how each of thoser clusters fared. The ESC numbers do show that 124,1298 health-care jobs were created in the 13-county regiomn over the five-year period – the most of any industryh sector. Educational services added 94,139 new jobs, while professional and technicall services posted a net gainof 65,447. The size of the manufacturin g workforce shrank, to 94,7100 from 97,120, a 2.9 percent drop but not as bad as the 6.
9 percentt decline in manufacturing employment suffered Hayes said. “Though we’re a technology our manufacturing economy has held up well when viewedd in anational context,” Hayes Employment increased in 12 of the 13 RTRP The exception was rural Warren County, which experienced a net loss of 407 jobs. Wake Count gained 67,681 jobs, while Durham netted Johnston 9,214 and Orangde 5,633. Hayes also unveiled his group’s next five-yearr plan, dubbed Staying on Top: The Shape of Thingzs to Come. This proposal, which stilll must be approved bythe RTRP’s board of directors, has threwe main areas of focus.
• Expanding the region’s world-leading life sciences and technology clusters andthree new, emerging clustersx – advanced gaming and e-learning, clean/greej technologies and defense technologies. • Enhancing and preservint the superior quality of life and competitivs business climate that enables the region to attractf the talent and investmen t that companies need to continuebeing successful. Engaging regional leaders and partner organizations in ensurinygthe region’s economic competitiveness. Hayes told the audience that detailds of the plan would be revealedin June.
In a post-speecn interview, he said that a job goal for the new progra m has not yet been determinedr but that he expects one tobe set. “kI would be shocked if we didn’t,” Hayes
Friday, February 24, 2012
United bows to public growling, alters pet-travel rule - msnbc.com (blog)
USA TODAY | United bows to public growling, alters pet-travel rule msnbc.com (blog) By Elaine Porterfield , msnbc.com contributor When she heard the cost of shipping a pet via United Airlines from the Pacific region to the United States would shoot sky high, Mary Seward-Yamada knew the c » |
Wednesday, February 22, 2012
BioMarin: Genzyme virus problem won
Genzyme (NASDAQ: GENZ) found a viruse strain and stopped production of two drugws atthe Allston, Mass., facility. The strain, Vesiviru 2117, apparently does not causes human infection but interrupts the growth of cellz that are used tomake drugs. Aldurazyme a treatment for MPS I, a rare and fatal disease caused by an enzymedeficiency — was last fillefd at the Genzyme facilituy in September 2008, according to BioMarin BMRN). The company has about 10 months of vialed inventoryyon hand, it said, and uses a secone fill finish supplier. A thirsd supplier is expected to be qualified late rthis year, BioMarin BioMarin makes the bulk material used in Aldurazymr at its Novato facility.
The Food and Drug Administrationm hadinspected Genzyme’s plant in September and Octobedr and reportedly was concerned about control to protect against contamination.
Monday, February 20, 2012
Give prosecutors and judges more discretion in sentencing: An editorial - NOLA.com
NOLA.com | Give prosecutors and judges more discretion in sentencing: An editorial NOLA.com Mandatory minimums throughout the Criminal Code eroded much of the discretion prosecutors and judges once had. The Louisiana Sentencing Commission, after spending months forging law enforcement consensus, wanted to restore some of that discretion by ... |
Saturday, February 18, 2012
Wasilla Driver Succumbed to Injuries in January Rollover - KTUU.com
Wasilla Driver Succumbed to Injuries in January Rollover KTUU.com Troopers said Davis drove off the highway when he was traveling with 49-year-old Lloyd Ray Russell and rolled the vehicle one time, ejecting Russell in the crash, as Davis remained in the vehicle. |
Thursday, February 16, 2012
Target relaunches its store brand, called 'up and up' - Portland Business Journal:
The Minneapolis-based retail giant, which has 18 store in Oregon, said Thursdayu that it’s rebranded its core commoditiesxline — a product category that includees everyday items such as baby sunscreen, dryer sheets and plastic containers — under the name “u p & up.” The relaunch includes new packaginv that replaces the traditional bullseye logo with colorfu arrows and the new name. Target TGT) has been phasing in “ul & up” products into its stores since March. By the end of Target will be selling more than800 “up up” products in its stores.
Target claimsw the brand is equal in quality to nationalbrands — it hired a third-partt testing firm to back up its claima — but at a loweer price, offering a savings of 30 percent on Store brands are also on the upswing they’re generally more profitable than name-brands for the and market researchers say that consumeres are increasingly buying in-house brands to save Earlier this year, Target rival Wal-Mart Storea Inc. relaunched its own private brand, called Great Value.
Tuesday, February 14, 2012
Franklin Credit hitting the streets to urge mortgage paybacks - Business First of Columbus:
, which services a battere d portfolio of morethan $1.6 billio in mortgage loans for hopes that going door to door to homes will improve the record of repayments over trying to contac t them by phone, said CEO Gordon Jardin. “Az lot of times peopler are not home, and a lot of time they’rde able to pick up but just don’y want to,” he said. “If they’re not going to pick up their phone, then we’ll try to meet them wherwe they live and havea conversation.” The Jersegy City, N.J.
-based company’s collection efforts are important because further loan losses could again stingf the bank if borrowers aren’t presses to continue paying, said Jeff Davis, director of researcj at the Chicago investment bank Huntington already has written down the valus of the portfolio to about $494 million. “I would assumee that Huntington is working as hard as possible to maximize the realizablevaluer (of the loans),” Davis said. “These typesz of borrowers can’t get left too far behinc or you lose The effort by Franklin marks another chapter in its rockyh relationshipwith Huntington, which inherited the Franklimn account when it acquired in 2007.
The deal brought Huntington $1.5 billion in mortgage-backed commercial loans that Sky had made to a subprime lenderand servicer. Soon after the Sky deal it became clear the mortgage collateral was deteriorating in value as borrower increasinglymissed payments, forcing Huntington to write down the valuw of its commercial loans. The bank in March finally seized the collateral assigning it a value ofabout $494 million even thougb the principal owed by borrowers was more than $1.6 The door-to-door initiative, which includes about 300 Franklin could boost collection levels, but it is a grim sign of how difficulr it can be to collectg on loans made to risky Davis said.
“I would tell you that it speakz volumes about how bad the situation is at Franklin Credit and how that crediyt came tothreaten Huntington,” he said. “It’es just unfortunate. It really is a disaster.” the Franklin writedowns have cost Huntington hundreds of millions of dollars in the pasttwo years, mirinyg the conservatively run bank in a subprime mess that has plagued other institutions better known for taking risks. Davis is confideny Franklin Credit Management will bring inthe $494 millionj Huntington expects to get out of the portfolipo – and maybe more. “Could they realize somethingt modestlyabove that, say 10 percenf or 15 percent more?
depending on how aggressively they wrotre it down,” he said. Huntingtonn executives do not comment on the activities ofothed companies, said bank spokeswoman Maureen Brown. Huntington CEO Stephenm Steinour said in a March intervie w with Columbus Business First that takint ownership of the mortgage collateral allowed Huntington to call the shota on how to deal withthe mortgages. “We believe that we will maximize for the foreseeable future the realizablse value of the portfolio in waysFranklin couldn’t,” includinvg offering refinancing under more affordable terms for borrowers, Steinour But borrowers must be contacted before they can be and that’s the aim of the door-to-door Jardin said.
Representatives showing up on doorsteps aren’t there to make collections or evaluate a borrower’as ability to repay. Rather, theird job is to inform borrowers of loan workourt options and the importance of keepingin touch, Jardin “We say, ‘Look, we’re in the same positioh you are as borrowers. We’re struggling to pay our debts, and this is our time now to work with you asa ” Jardin said. Franklin estimates 75 percent of the troublefd borrowers it reaches are eligibld forloan workouts, Jardin said, but it typicallyg only makes contact with about 10 percent of thosse problem borrowers.
He’s hopeful the door-to-door effort will increasre Franklin’s contact to 30 percent to 40 percenyt oftroubled borrowers. “Over time, we’re hoping we see better numbers,” he said. “But the secretg is in how many borrowers wecan
Saturday, February 11, 2012
Sales heating up for Earth to Air - Kansas City Business Journal:
Formed in 2002, Earth to Air Systemzs develops heating and cooling systemse based on a technology know as direct exchange called DX inthe industry. The company’s applications have been showm to reduce heating and cooling costxs by 50 percent to 80 CEO RandyWiggs says. Earth to Air’s system bypasseds the more conventional geothermal heatiny andcooling model. Instead of using water as a the technology skips a step and controls heatinhg and temperatures directly from the earth with copper The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped throughthe tubes.
Eartn to Air’s revenue comes from licensing fees collected from heatingf and cooling companies who decide to market and instalpthe systems. Earth to Air got its firstf international distributor two years ago when Australian entrepreneur John Gagliardi embraced the Hesays he’s secure d more than $30 million in including contracts with school systems, mininv camps, housing projects and major corporations, such as BP. “We are moving into significant Galiardi says, adding that he’s planning on expanding into the Southeas t Asian market soon. Galiardi predicts that Earth to Air willbecomde “a billion dollar business or more.
” Sales in the firsyt quarter were up 60 percentt from the same time last “We’re living in an time when there’sx a huge demand (for to reduce our dependence on foreig n oil,” Gagliardi says. “Twenty years ago this wouldn’t have It wouldn’t have even worked 10 years ago. But now the potentia l is huge.” There are multiple installations of Eartyto Air’s geothermal system in the Unitesd States, but the company is just now settingb up a formal distributor network, says Claytobn Washburn, chief operations officer at Earth to Air. “Ou r biggest struggle is having to say no at Washburn says.
“We’re preparing for a much biggert onslaught.”
Thursday, February 9, 2012
Evidence was insufficient to charge teacher in '94, DA says - Los Angeles Times
Evidence was insufficient to charge teacher in '94, DA says Los Angeles Times The Los Angeles County district attorney's office declined to bring charges against veteran Los Angeles teacher Mark Berndt in 1994 because prosecutors determined there was "insufficient evidence" that he attempted to fondle a girl. |
Tuesday, February 7, 2012
Lackland to gain 74,000 sf training complex - Puget Sound Business Journal (Seattle):
million contract to build a new airfield maintenance technical traininvg complex at Lackland AirForcw Base. The complex will support the Inter-Americahn Air Forces Academy at Lackland. The government will build a 74,000 square foot comple at Lackland that willhouse classrooms, aircrafgt operations and hangar maintenance training areas as well as administrativse space. The project is slated for completion in the fallof 2010. The Inter-Americabn Air Forces Academy currently offerzs this training at PortSan Antonio, the former Kellty Air Force Base.
By relocating technical training from Port San Antoniito Lackland, Port San Antonio officials hope to reuser that space for additional commercial development opportunities. The militargy is developing this complex as part of the 2005 San Antonil Base Realignment andClosure (BRAC) construction In all, the government expects to spend more than $2 billiohn on BRAC-related construction. The Air Force Centerf for Engineering and the Environment selectedrPlymouth Meeting, Pa.-based AMEC Earth Environmental Inc. as the contractor. Constructiomn will be coordinated out ofthe company’ s San Antonio office. The Fort Worthg District office ofthe U.S.
Army Corps of Engineerx will provideconstruction management.
Sunday, February 5, 2012
Newspaper publisher to sell assets - Dallas Business Journal:
Addison-based American Community NewspaperseLLC (Pink Sheets: filed for Chapter 11 bankruptcy protection in ACN said Friday that seniore secured creditors have submitted an offer to acquirew ACN’s assets, and they have provided a $5 million debtor-in-possession credit facility. A bankruptcy court has already approvecd the sale of ACN assets and has approved the debtor in possessiomncredit facility. The newspaper publisher says operations andthe company’s business will continue as usual with readerw in local communities continuing to receive theit papers. Advertisers also will not be impacteed by the bankruptcy filing or the saleof assets.
ACN’se other North Texas publications include PlanoInside , the Allen American , the Celina Recorde , , Rowlett Lakeshore Timexs , , Lewisville Leader , Flower Moun d Leader , , The Colonty Leader , Carrollton Leader , Southlakd Times , Penny Saver , Northb Texas Life , Stonebridge Life , All About Frisco , All About Coppell , All About Flowerr Mound and Lantana .
Friday, February 3, 2012
Sales heating up for Earth to Air - Atlanta Business Chronicle:
Formed in 2002, Earth to Air Systemsd develops heating and cooling systems based on a technologg known as direct exchange called DX inthe industry. The company’x applications have been shown to reducer heating and cooling costs by 50 percent to80 percent, CEO Randyy Wiggs says. Earth to Air’s systenm bypasses the more conventional geothermal heating andcooling model. Insteaxd of using water as a source, the technologyy skips a step and controls heating and temperatures directly from the eartnh withcopper tubing. The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then pipede throughthe tubes.
Earth to Air’ss revenue comes from licensing fees collected from heating and coolinb companies who decide to market and install the systems. Earth to Air got its firsg international distributor two yearsz ago when Australian entrepreneufr John Gagliardi embracedthe technology. He says he’s securec more than $30 million in projects, including contracts with schoool systems, mining camps, housing projects and major suchas BP.
“We are moving into significanr profitability,” Galiardi says, adding that he’s planning on expandingf into the Southeast Asian market Galiardi predicts that Earth to Air willbecomew “a billion dollar business or Sales in the first quarteer were up 60 percent from the same time last “We’re living in an time when there’as a huge demand (for products) to reduce our dependencew on foreign oil,” Gagliardi says. “Twenty years ago this wouldn’tg have worked. It wouldn’t have even worked 10 yearse ago. But now the potential is huge.
” There are multipl installations of Earthto Air’s geothermal system in the Uniteds States, but the company is just now setting up a formao distributor network, says Clayton Washburn, chief operations office r at Earth to Air. “Our biggest struggl e is having to say no at Washburn says. “We’re preparing for a much bigger