Tuesday, July 10, 2012

Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Business First of Louisville:

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That was word from the Columbia companyt Tuesday inregulatory filings. The patent officse in the Hague, Netherlands uphelr a patent that was granted to the biotechu firm in 2007 but was challenged by food manufacturerseand Ltd. The patent office said Martek’s patentt applies to Martek’s nutritional oil in infant formula, but is not coveresd when it is blendef with certain fish oils used ininfany formula. Martek (NASDAQ: MATK) expectsa the appeal will take one to two yearsz and said it does not believe the ruling will impact its Derivedfrom algae, the company’ds nutritional oils are also used in dietary supplements and food products, such as yogurrt and juice.
The company has been aggressively expandingy its infant formula business overseasx as it has nearl y saturatedthe U.S. market. Martek warnedf in its last earnings statemeny that its infant formulsa sales in the third and fourth quarters could drop as retailers trim their inventoriews ofthe product. The company anticipatesd demand will pick up infiscal 2010.

Sunday, July 8, 2012

Report: Foreclosures are top sellers - San Francisco Business Times:

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said banks that are willing to deal on forecloser units are driving the first quarter For example, Shoma at Keys Cove in south Miami-Dadwe County sold the most, with 50 units closing in the firsg quarter. The Vue at Brickell sold 25 condos, ranking it seventh on CondoReports.com’ top-1o0 list. “Many banks have taken ownership of units in thesde buildings and are looking to get saidAdam Cappel, president of “Banks, either through short salews or units they own as a result of are the most active sellers in today’s market as they are willingt to accept market prices.” The 10 most active buildings produced an average of 29 sales, or one sale evergy three days.
The buildings accounted for more than 11 percent of all condo salesin Miami-Dade, according to a CondoReports.com news Most of the activity is tied to individual unit sales, and not bulk Cappel said. “These buildings are movingh toward stability as speculative investors and thinlgy capitalized owners are being replaced witheither owner-occupant or patient investors buying in at a much lowefr cost,” Cappel said in the “Most are individual unit sales. The study looked at closerd salesin 2,000 condo projects with at least 50 unitx throughout Miami-Dade.
The study excluded units delivered in 2008 and 2009 because those sales were likely driven bypreconstruction contracts, Cappel said.

Saturday, July 7, 2012

BrightEdge Integrates Majestic Data into S3 Platform BrightEdge's Integration ... - CNBC.com

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BrightEdge Integrates Majestic Data into S3 Platform BrightEdge's Integration ...

CNBC.com


BrightEdge Integrates Majestic Data into S3 Platform BrightEdge's Integration Marks the Largest Implementation of Majestic Backlink Data for Global SEO.


BrightEdge Integrates Majestic Data into S3 Platform

MarketWatch (press release)


BrightEdge Looks Toward Majestic Backlinks

MediaPost Communications



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Friday, July 6, 2012

Consumer confidence retreats - Washington Business Journal:

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Nationally, consumer confidence dropped sharplyin June, cutting into thre e months of gains that had seen the overall index more than The Conference Board's Consumer Confidence Index fell by 5.5 points to 49.3 in Statewide, Florida’s consumer confidence inde x for June fell three points last month to 68, the result of bad economic news including the bankruptcy of General Motors foreclosures and a spikse in Florida’s unemployment rate, according to a new Universityg of Florida poll. While perceptions of personal finances compared with a year ago is up threre points to 44 from a revisedx May readingof 41, other perceptions were lowefr than, or the same as, last month.
For perceptions of U.S. economid conditions over the next year fell seven pointsto 65, while perceptionds of whether it’s a good time to buy big-ticketr items fell nine pointe to 67. Perceptions of U.S. economic conditions over the next five yearxs remained unchangedat 80. "Moving we do not expect Florida consumer confidence to decline much more over the next couple of barring some unforeseen change here in Florida or Chris McCarty, director of UF’zs Survey Research Center at the Bureauh of Economic and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and unevenj for some sectors of the economy.
"With the demised of longstanding financial institutions such as Lehman Brothere and manufacturing companies like Chrysleeand GM, it is no longef business as usual," he said. The preliminary inde for June was conducted from430 responses. It is benchmarked to so a value of 100 represents the same levek of confidence forthat year.

Wednesday, July 4, 2012

Medicaid patients sue JFS - Dallas Business Journal:

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Hillary Phillips is a 25-year-old Blanchester resident with a rare geneticf disorder that causes involuntary seizures and hearing according to a press release from the Legal Aid Society ofGreater Cincinnati. In March, Phillips was notified that her Medicaix ManagedCare Plan, Buckeye Community Health Plan, woulx no longer pay for her to get treatmenr at University Hospital, where she sees four doctors. Ohio failecd to adequately inform Buckeye members about the process for changinv managedcare plans, said Trey Daly, of the Legapl Aid Society of Greater lead counsel for the five plaintiffs.
“Many patients need to keep theid same doctors who have been treating themfor years,” he said in the “Federal and state law require Ohio to let disabled Medicaid residents transfer from one managed care plan to anotherf in order to receivse adequate health care.” The lawsuit alleges that Ohio ignore d Buckeye members’ requests for a did not provide notices with appeal rightsa when members were denied, did not automatically transfert members after their request pended for a certain numberf of days, and did not inforj members of alternative providers to meet their Daly said there are about 700 Buckeyde members who asked Ohio to changs their plans, but Ohio only processed about 160 requests.
The lawsui was filed in the Hamiltonj County Court of Common Pleas and seeks a declaratio n that the Ohio Department of Job and Familyy Services violated the law and an injunction to stop the departmenf from refusing to pay for the care at Health Alliance Janet Pecquet of the law firm BeckmanmWeil Shepardson, co-counsel for the plaintiffs, said Buckeye notified Ohio in late January that it was terminatintg its contract with the Health Alliancde effective April 30, 2009. The Health Allianc is made up of five including University, as well as 900 affiliated primary care physiciansz and specialists.
“Ohio law allows for disablerd Medicaid Managed Care members to switch plans without a reasonj duringa one-month open enrollment period,” she “The open enrollment period is January. Buckey e members were denied the opportunity to make a meaningful decisiobn during the open enrollment month because they did not know that Buckeye was eliminating somany providers.”

Tuesday, July 3, 2012

Real deals: Brentwood Tower Apartments sold for $5.35M - Denver Business Journal:

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The 100-unit apartment property, builg in the early 1960s, is locatecd at 3130 W. Louisiana Ave. Tower 100 LLC, whic h is affiliated with residential developer Residentiakl Niche LLC of purchased the apartments from Win Properties I LLCof Englewood. Residentiao Niche specializes in the development of urbaninfill for-sale and rental residential properties, and its projectds include the Sleek lofts and Vida apartments in Win Properties bought the building in 2005 for $6.55 million, according to Denver County property records.
Other recengt significant Denver-area real estate according to real estate recorddand brokers, include: • Gateway Park IV-Denver property, Denver Indano Holdings LLC of Greenwood Villagw sold this property for $2.9y million to WPB Hospitality LLC of Aurora. 450 E. 17th Ave., Unit 300, Colo. 80203-1254 — Mile High Bank sold this officee condominiumfor $2.93 million to BNC Buildingf Co. LLC. The buyer is affiliatedr with Business NetworkConsulting Ltd. of according to Colorado Secretary of StateOfficse data. • Montbello property, Denvee — ProLogis Inc. (NYSE: PLD) of Denvetr sold for this propertyfor $1.86 millio n to JSG Properties LLC of Manhattan, Kan.
Country Club Shoppette, 1700 E. Sixth Ave, Colo. 80218-3616 — Larimer Associates Inc., as Country Club Shoppette LLC, purchased this retail buildingfor $1.15 million, according to Denver Countyy real estate records. Larimer Associated also owns downtown Denver’s Larimer Square retai district. The seller was Country Club Shoppetts LP. Tenants in the building include Oliver’w Meat Market and Borgman’s Antiques. • Concorf Business Center, 13110 E. James Caseyu Ave., Englewood, Colo. 80112 — Playtims Inc.
leased 65,280 square feet of industrial space Playtime, a provider of themed playgrounds, plans to occupy the spacr in August, according to the Frederick Ross Co., which representecd the landlord in thelease deal. Quad at Lowry, 7901 E. Lowry Denver, Colo. 80230 — Kaiser Foundatioh Health Plan of Colorad hasleased 17,083 square feet at this Lowry office Frederick Ross represented the landlord. • Sixtgh Avenue West, 350 Indiana St., Golden, Colo. 80401 Golden Minerals Co. leased 16,936 square feet of spacse in thisoffice building. The Ross company represented the landlord. Golden Minerals is the successore to Apex SilverMines Ltd.
(Pinjk Sheets: APXSQ), which emerged from Chapter 11 bankruptcyg protection as Golden Mineralsin March. • Guarantty Bank Building, 1331 17th St., Colo. 80202 — David Evans Associates Inc. leased 16,787 square feet in this LoDo officse building. Ross represented the landlord. • Buerger Brothere Building, 1732 Champa St., Denver, Colo. 80202 — Barnharyt Communications Inc. is moving its headquarter s officeto 8,500 square feet of space in the Buergerd building, opening in its new space June 22, according to Barnhart. The communicationd company currently is located at 1819Wazee St. in downtowh Denver. • 16618 E. Second Ave., Aurora, Colo.
80011 Judco Storage Properties LLC hasleased 5,000 squars feet of space at this warehouse to Denvert Limo Inc. Gruber Commercial Real Estate Servicesd represented both sides inthe deal.

Monday, July 2, 2012

Louisville investment broker sentenced - Business First of Louisville:

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The case, against Roger W. Jones, 54, was prosecuted by Conway and Candacre G. Hill, acting U.S. Attorney for the Wester n Districtof Kentucky, accordin g to a news release. The release said Jones had sold investmentzs through an entity called Semper Liberaa that fraudulently sold investmentsein 2003. Those investments ranged from $5,000 to Jones was sentenced May 27 to 21 monthwin prison, following his guilty plea to six countas of selling securities without havingb been a registered broker with the . Districtr Judge Charles R.
Simpson III also ordered Jones to servdea three-year term of supervised release once his prisonn terms is finished and to pay $181,096 in restitution to the victims, many of whom are elderly. the elderly are often targets of these types of fraudulentinvestmenft schemes,” Conway said in the release. “Mhy office is committed to fighting the financial exploitatio ofthe elderly, which can have as devastating an impact as physicalk abuse.