Monday, November 29, 2010
AmMed
Milam had been running , a small direct-to-consumet medical supplier, on a part-time basis for about a year when his loss inspirec him to fully commit to the company and aspire to make a difference in people’s lives. “I made a decisiomn that this could realltmean something,” says Milam, whose late friend also had which Milam admittedly had taken for “What we’re trying to do could help people and maybw have them avoid or prevent the early and prematurer death that my frienxd experienced.” AmMed Direct adopted the Better Care Programn early in Milam’s tenure as chief operating officer.
It is an educationaol and lifestyle improvement service that originated from compant founderJim Thaden’s “12-touch” concept that was patterned afterf Alcoholic Anonymous’ 12-step recovery “We started taking ownership of the producty and then identifying opportunities for how (we can) deliver better care, not just througbh actions of our service to our customer but through education,” Milaj says. Three certified diabetes educators also are on staff to assisy with customer referrals and teachAmMed employees.
AmMed customers are entitled to free a meal-planning guide, a subscription to the Diabetes Directionas newsletter and literature geared toward theie specific needs. Milam says Better Care is “mostt unique” among companies in the diabetes “I certainly see some efforts in the marketplace to do more of Milam says. “We’ve got a head start and, fortunately, we’ve grown so we can put more resourcexs tothat now.” AmMed has more than 170,00p0 customers and expects about $180 million in revenue this year — up from $123 millionm in 2008 — despite a nearly 10 percent reductioj in Medicare reimbursements.
The company’w annual growth rate has been in the 40 percent to 50 percenr range since 2005 to becomesthe third-largest company in the diabetes products There are nearly 18 million diagnosed diabetes patients in the United States. AmMed draws about two-thirds of its customeres from TV advertising. Mila expects 30 percent to 40 percengt growth in the coming years by targeting managedscare patients. The company employ about 470 and could expand to a second facility in Nashville at the end ofnext year. The AmMede pharmacy dispenses 3,000 to 5,0009 units of medicine a day fromits 125,000-square-footg Antioch headquarters.
Saturday, November 27, 2010
Humane Society opens $10.2M facility in NE Wichita - Dayton Business Journal:
million at K-96 and Hillside. It’s part of a larger partnershipwith Wichita’sx Animal Services Division. Together, the two entitiee make up the . The two entitiex will function independently ofone another, but do offer collaborative Many of the key players in the projecft gathered on the campus Monday morninf to celebrate the “We really have something to be proud of here in our says Wichita Mayor Carl Brewer. it’s obvious how far we’ve come.
” The public-private partnership is the first of its kind in the Those involved say it eliminates duplication of will reunite more lost pets with their increase convenience for the public and ensure every animal is spayef or neutered prior toadoptionn — all of which lead to the Kansas Humanr Society’s ultimate goal of ending the unnecessaryg euthanasia of adoptable animals. “This public-privatr partnership is truly an example of how far a communityhcan go,” says George Fahnestock, CEO of . Fahnestock and Barrty Schwan, president of wholesaler , co-chairec the capital campaign.
“We are thrilled to open an innovative campus that will improve the lives of the pets and peopl e in our community for generations to saysKim Janzen, president and CEO of the Kansaes Humane Society. “It is so incredibly exciting.” The Humand Society occupies 40,000 square feet in the Murfinm complex andthe city’s portiobn covers 26,060 square feet. To date, the Humane Society has raisede $9.7 million in private donationws toward its goal and is seekin g funding for theremaining $500,000. The city’s portionh is funded by tax dollars. Dave Murfin, presidenft of Inc.
and members of his family, who donatee $2 million toward the project, were givenn naming rights to the complex. is the general contractor and is the Both facilities onthe 22-acrer campus will be open from 11 a.m. to 6:30 p.m. Mondau through Saturday and 1 to5 p.m. on
Wednesday, November 24, 2010
Medtronic
million to competitor for damages relateds to a patent infringement verdict from a federapCircuit Court. The court reviewed a December 2007 which claimed thatMedtronic (NYSE: MDT) had infringeds on DePuy’s patent of a line of multiaxial screwws used in spinal surgery. The court affirmed a $149.1q million award for lost profits. But the courtf reversed previous sanctions, which droppedx $77.2 million in outright damages and $10.5 million in fees and other costs. The Vertex line of screwx is no longer onthe market.
Memphis-based Medtronivc Spinal and Biologics business president Stevre La Neve said theruling “has no bearing on our curren Vertex Select and OC which are other spinalo systems. The case will now be remanded to a trial court for calculation of the reduced which will include amounts bothfor post-judgmenyt and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’zs largest medical device company. Its spinal and biologicxs business units are based in Memphise where itemploys 1,550.
Tuesday, November 23, 2010
Controversy with the installation of Gran Turismo 5 (PS3) - My Hot News
Controversy with the installation of Gran Turismo 5 (PS3) My Hot News The developer knows the importance of his title and once installed on the hard disk it will run much faster than on Blu-Ray discs. ... |
Sunday, November 21, 2010
Second recession deemed possible - Business First of Buffalo:
Those odds may seem low, but they’re actually high sincew double-dip recessions are rare and the U.S. economy grows 95 percen of the time, says the chamber’sa Marty Regalia. He predicts the current economic downturn will endarounrd September. However, the unemployment rate will remain high throughj the first half of next year andinvestmentr won’t snap back as quicklyg as it usually does after a Regalia says. Inflation, however, looms as a potentiapl problem because of thefederal government’s huge budgetf deficits and the massivre amount of dollars pumped into the economy by the Federap Reserve, he says.
“The economy has got to be running on its own by the middlse ofnext year,” Regalia says. Almosf every major inflationary periodin U.S. history was precederd by heavydebt levels, he notes. The chancese of a double-dip recession will be lowe if Ben Bernanke is reappointed chairman of theFederal Reserve, Regalias says. If President Barack Obama appoints his economic adviser Larry Summers to chairthe Fed, that woulcd signal the monetary spigot would remain open for a longer he predicts. A coalescing of the Fed and the Obamza administrationis “not something the markets want to see,” Regalia says.
Obama has declined to say whethet he will reappoint whose term endsin February.
Saturday, November 20, 2010
Lockheed receives $3.5B F-35 fighters contract - Bloomberg
Washington Post | Lockheed receives $3.5B F-35 fighters contract Bloomberg By AP FORT WORTH, Texas (AP) â" Lockheed Martin Corp., the nation's largest defense contractor, said Friday that it was awarded a $3.5 billion contract ... Lockheed in $3.49 billion US F-35 fighter deal |
Thursday, November 18, 2010
Insider report: Bruker cashes out Laukiens - Business Courier of Cincinnati:
million by selling 2.1 million sharews of stock. It was the month’s biggest payday among Massachusett sinsiders — executives, directors and major shareholders at locally based publicly traded according to trading data provided by . But for Laukienh and some of his family memberds with close ties to the cash-out was just a small fractio of the hundreds of millions they have pocketeds over the past 18 In fact, five members of the Laukie family, including Bruker CEO Frank H. received $624.
6 million in cash and other compensatiob linkedto Bruker’s operations last year, according to Bostonm Business Journal research and company regulatory Put differently, the group’s take was equak to just over 60 percent of Bruker’s $1.1 billionh in 2008 revenue. Nearly all of that payout — some $620 million — stemmed from Bruker’s Februaryt 2008 acquisition of BrukerBiospin Group, a developer of researcuh tools and biotechnology equipment usingy magnetic resonance.
The cash and stock deal was essentiall y a cash out for five Laukien familgmembers — Frank Marc Laukien, Isolde Laukien-Kleiner and Bruke r directors Dirk Laukien and Joergy Laukien — who owned 100 percenty of Bruker Biospin’s sharezs before the deal. Frank, Joerg, Dirk and Marc Laukienn are brothers orhalf brothers, while Isolde Laukien-Kleiner is the mother of Marc and Dirk Laukien, according to Bruker’s regulatory filings. Bruker (Nasdaq: completed a similar deal in June 2006 for life sciencess technology developer Bruker Opticsfor $135 million.
As was the case for Bruketr Biospin, Bruker Optics was owned by the same five Laukienw prior tothe deal, according to regulatory filings. insider sales topped $95 million While Marc Laukie nwas Massachusetts’ biggest insider seller in May, his brother Frank Laukien recorded the month's biggest acquisition of insidee shares. The elder Laukien bought 100,00 Bruker shares for $728,000 representing roughly half ofthe state’xs $1.46 million in insider purchases recorded for all of May. By insiders sold $95.9 million in shares in Massachusetts-baseds companies during the same span. That totakl was nearly double the $49.
2 millioj in local sales recorded in The following is a breakdownof May’s insider activityh among Massachusetts-based companies. INSIDER SELLIN IN MAY Name — Value — Compant — Ticker Laukien, Marc M $14,508,100 — BRUKER — BRKR Ryan, Vincent J — $11,076,073 Silverstein, Barry — $9,767,471 — Zarkin, Herberr J — $9,000,975 — Abele, John E $8,868,600 — Healey, Sean M — $5,938,800 Dalton, Nathaniel — $4,141,821 — AFFILIATED MANAGERS GROUP INC. AMG Ayasli, Yalcin — $2,925,343 — HITTITEs MICROWAVE CORP.
— HITT Robert J — $2,574,191 — Boger, Joshua S $2,563,664 — Talwar, Anju — $2,008,095r — Logie, Andrew R $1,547,420 — Brooks, Rodney A — $1,326,01q — Clark, Stuart J — $1,293,834 — Rossi, Jerome R — $1,235,438 — Wiley, Fletcher H $1,048,320 — TJX COMPANIES INC. — TJX Smith, Ian F $965,557 — VERTEX PHARMACEUTICALS INC — VRTX Aldrich, Davidx J — 944,852 — Grace, Davisd R — $929,702 BEACON ROOFING SUPPLY INC. — BECN Richard E — $887,250 AFFILIATED MANAGERS GROUP INC. — AMG Gregory L — $576,533 — SKYWORKS SOLUTIONSw INC.
— SWKS William J — $571,611 — Termeer, Henrj A — $544,849 — GENZYME CORP. — GENZ Alexis P — $486,527 — Coviello, Arthur W Jr — $480,000 Berthiaume, Douglas A — $474,705 — WATERS — WAT Pyle, Michael R — $456,866 Lopardo, Nicholas A — $451,727 — Robert W — $444,652 — Peter — $438,860 — VERTEX PHARMACEUTICALS INC VRTX Meyerman, Harold J — $438,525 — AFFILIATED MANAGERS GROUo INC. — AMG Vohra, Tajinder — $420,174 GENPACT LIMITED — G Michael E — $417,400 — Griffin, Liam K — $388,000 — SKYWORKS SOLUTIONS INC.
— SWKS Von, Staatss Aaron C — $382,800 — Bellus, Daniel $336,430 — Maekawa, Mitsuru $335,237 — GENPACT LIMITEc — G Lawrence, Taylor W — $334,992 Martin, Katharine A — $310,180 Sanders, Charles Addison — $296,434 — VERTEX PHARMACEUTICALS INC — VRTX Halliday, Roberrt J — $270,059 — Chapman, Richard P Jr — $257,500 Sgarzi, Richard H — $257,179 — INDEPENDENrT BANK CORP. — INDB Mayer, Max Alan — $245,968 — PEGASYSTEMS INC. — PEGA Piyush — $206,238 — GENPACT LIMITEx — G Mcconnell, William F Jr $204,611 — BOSTON SCIENTIFIC CORP.
BSX Welles, Michael H — $192,850 — Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. — BJ Charles L — $180,570 — GENZYME — GENZ Coppersmith, S James $175,015 — BJ’S WHOLESALE CLUB INC. — BJ Howard D — $168,588 EMC CORP. — EMC George M — $146,250 — SKYWORKd SOLUTIONS INC. — SWKS Kra, Douglas I $102,684 — PEGASYSTEMS INC. — PEGA Caruso, Joseph P $100,100 — Smith, Sandford D — $92,7867 — GENZYME CORP. — GENZ Earl M Jr — $92,780o — GENZYME CORP.
— GENZ Moses, Cornelius F III $91,300 — PARAMETRIC TECHNOLOGYY CORP — PMTC Shields, Thomas J — $90,3365 — BJ’S WHOLESALE CLUB INC. — BJ Szabados, Michael — $83,289 — Von, Rickenbacy Josef H — $81,405 — Corrigan, Mark H N $75,205 — Chute, Richars Sears — $61,120 — Rosen, Gary J — $57,86 — VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. — VSEA Santamaria, Angelo Roberg — $57,240 — AMERICAN SUPERCONDUCTOR — AMSC Smith, Alan E — $50,0376 — GENZYME CORP. — GENZ Brian P — $42,906 — Csimma, Zoltan A $36,069 — GENZYME CORP.
GENZ Graves, Kurt C — $26,30 7 — VERTEX PHARMACEUTICALS INC — VRTX Joseph R Jr — $26,264 Massaro, George E — $22,695 — CHARLESe RIVER LABORATORIES INTERNATIONALINC — CRL Amit — $22,269 — VERTEc PHARMACEUTICALS INC — VRTX Nadeau, Gerard F — $21,00o0 — INDEPENDENT BANK CORP. — INDB Kouninis, Efstathios A $17,179 — PEGASYSTEMS INC. — PEGA Richard C — $15,135 — VERTEX PHARMACEUTICALS INC — VRTX Paul M — $13,310 — VERTEX PHARMACEUTICALz INC — VRTX Boynton, Bruce P $10,040 — Downing, John W $8,297 — NETSCOUT SYSTEMS INC.
— NTCT INSIDEt BUYING IN MAY Name — Transaction valuwe — Company — Ticker Laukien, Frank H $728,100 — BRUKER CORPORATION BRKR Mario, Ernest B — $424,650 — Pepper, John E Jr — $106,680 BOSTON SCIENTIFIC CORPORATION — BSX Gregoire, Sylvie L $45,727 — Doran, Howard B Jr — $41,892 Graveline, Kathleen — $38,475 — Dawson, James $22,150 — BOSTON PRIVATE FINANCIAL HOLDINGS — BPFH Eduard E — $19,840 PAREXEL INTERNATIONAL CORP. PRXL Vanderbrug, Gordon J — $9,8376 — Pucci, Paolo $9,626 — , Ag — $8,088 Barabe, Timothy C — $5,322 — ARQULE INC.
— ARQL Michael D — $2,873 — ARQUL INC. — ARQL Sloane, Barry R $481 — INC. — CNBKAz
Wednesday, November 17, 2010
Benaroya carves up business park for
Granted, subdividing the site, renovatin the buildings and sprucing up the commom areas would entail additional fundzsand efforts. But despitre an ominous credit environment hinting at economiftroubles ahead, the Benaroya team was confidenr it could find a half-doze n or so small-business owners interestefd in becoming their own landlords. Havinb purchased the half-occupied property for a relative bargain pricrof $120 per square foot, Benaroyaq could make improvements and still offer prospectivwe “owner-users” attractive pricing.
And the buyers at the busineses park along Southeast Everett MallWay wouldn’rt have to worry about a landlordf raising their rent when good timesw return. “We thought Park Place had excellent prospects for individualo building salesto small-business owners who want to contro l their own destiny,” said Benaroya executivse Marc Nemirow. If the team insightfullu improved structures, parking areas and open spaces surrounding thebusiness park’s strong locatio would likely attract plenthy of interest among individual building buyers, added Benaroya’a marketing director, Lisa Goodman. Benaroy a engaged Colliers International to marketthe buildings.
The team booked solidc activity, selling four of the sevenb over the spring and summer to a pair ofdental operations, a temp agency and a private investor. The buyers paid prices rangingfrom $680,000 to $1.5 million for buildingd ranging from 3,650 to 7,225 square feet, along with theidr underlying land parcels. The deals factorexd out to roughly $200 to $240 per squarew foot — resulting in a decent return for Benaroyaq and longtime investment partned RealProperty Investors. “The activity was even better thanwhat we’xd expected,” said Colliers Senior Vice President Derek Heed, who’s been marketing the buildings alontg with colleague Sam Peterson.
Improvingg properties and selling or leasintg portions of them is a strategyBenaroya Co. has employedf profitably time and again overthe decades, on scalesa large, small and in Indeed “creating value,” as Nemirows put it, is the namesake family’ds signature strategy over a half-century of real estatse investment and development activities. And earlyg sales efforts at Park Place Plaza appeared to have yet agaimn created quite a lot of valuw forBenaroya — at least untiol last fall’s financial crisis temporarily stalled the momentum. “Thew Benaroya people really understancd what it takes to preparew the buildings for Heed said.
“They made things easy for Sam and Of course, even as savvy an investord as Larry Benaroya couldn’t foresee just how far financial marketws would fall — knocking even the resilienf Puget Sound economy off its lofty Activity hit a wall with Wall Street’s series of shockinb events in September and October. By earlu February, when credit marketzs finally showed signs of loosening upa bit, the Park Place Plazsa team was still waiting for subsequent building “We know the credit situation has been a in the slowed sales activity, Goodman said. “But it’s hard to say just how much of animpacrt it’s had.” Fortunately, Benaroya Co.
and Seattle-based Real Property Investors had something ofa back-up plan for Park Place Plaz in case the economy and credit environmentr deteriorated beyond even pessimistic expectations. The partners have the capital strength and wherewithal to finance the bulk ofbuildinv buyers’ purchase prices — meaning would-be owneras don’t have to worry about borrowing from tight-fisted That is, if they can swing a 30 percentg down payment. “We’ve not been a lender historically, but we recognize just how cumbersome it’xs become to borrow from Goodman said. Benaroya will carry papefr at a 70percent loan-to-valuw ratio, with interest-only payments at 6.
5 percent, for a term of three years. Heed expects the programm to be a factor in at least some of the finaplthree sales, as buyers can avoid costly loan originationm fee “points” while paying a competitivr interest rate. Of course, if activity remains slowed, nothing precludeds Benaroya from leasing available space andselling single- or multi-tenant buildings to real estate investors. One of the yet-to-selol buildings is leased and will likely sell to an while Benaroyaexpects owner-users to end up with the othetr two.
Monday, November 15, 2010
Business groups slam proposed tax increases - Jacksonville Business Journal:
The said it opposes changes to the corporateminimumk tax, a new corporate income tax and a new personalo income tax. The alliance consists of 30 business groups that represeny morethan 25,000 Oregon businesses and employg 500,000 residents. Raising the taxes could cause the state tolose 6,0090 jobs, according to state revenued office estimates. “These proposals ignorde the stark realities of ourcurrent recession,” the groupo said in a news release sent by J.L. a lobbyist with Associated Oregon Industries. “They are counterproductive measurese that kill jobs and prolonghour recession.
” The corporate minimu m tax and corporate income tax proposals wouldc collectively harm companies with small profit marginsx as well as businesses looking to investy more in capital the group said. The alliance called on lawmakersa to instead focuson private-sector job retention and “We believe strongly that increased taxexs are detrimental to job growth,” Wilson said in the news “An increased tax burden will hurt the abilith of our members to create desperately needed It is the wrong approach to balance the state’ws budget.
” Other groups signing the letted include Associated Oregon Loggers, Independent Community Banks of the Northwest Food Processors Association, Oregon Association of the Oregon Automobile Dealers Association, the Oregon Bankers Association, the Orego Home Builders Association, the Oregon Restaurant Association and the Oregoh Trucking Association. Oregon’s House and Senatee members hope to adjourn byJuly 1. Lawmakers must addresa a $4.
2 billion budget shortfall beforr they adjourn or in a seriees of special sessions throughout the rest ofthe
Sunday, November 14, 2010
Probe into baby death - Mirror.co.uk
expressandstar.com | Probe into baby death Mirror.co.uk Detective Chief Inspector Joe Kidman, of Thames V » |
Friday, November 12, 2010
Cincinnati Fine Arts Fund campaign falling short - Business Courier of Cincinnati:
Scott Provancher, vice president and campaign director at the Fine Arts said the campaign has raised about 65 percent of its goal to orroughly $7.6 million. That’s 8 percent less than the campaign had hoped to raise by this time to meetits $12 millionm goal. If that trend holds true, the campaign will fall $960,000 short of the $12 milliob raised last year. To close the gap, local arts organizationsx are talking up the campaign everyt chance they get from now through its conclusionAprikl 30, Provancher said. The Fine Arts Fund also is promotin a challenge grant fromthe .
The foundatiomn will match any new gifts to the Fine Arts Fund upto “We’re hoping it givees us a little bit of push for the next couplde of weeks to make sure we’re not leaving any opportunityu on the table,” he said. “In terms of wherre we realistically are going toend up, it’e really hard for us to tell at this Provancher said the good news is that the campaign hasn’tt seen many past donors drop out Rather, many loyal donors are giving less this “Though we’re tracking behinds in terms of revenue where we want to be, the supporf has been unbelievable,” he said.
“There’s a real sense that the heritages of arts and culture here in town runsprettyu deep, and we’re clearly seeing some of the correction that a lot of othe r industries are seeing.” Provanchef said he hopes that concentrating on new, small giftsd will help close the gap and broaden the base of donors to the Fine Arts Fund for futurr years. And the Fine Arts Fund is tapping into everu channel possible todo it, including Twitter and direct he said. The Fine Arts Fund was foundec in 1927 as the Cincinnati Institute of Fine It supports local arts institutionds through fundraising andsupport services.
The annual campaigjn was established in 1949 as the first unitedd arts fund in the country and has raised morethan $200 millio n for its member organizations.
Thursday, November 11, 2010
As maverick school chiefs leave, will their changes stay? - McClatchy Washington Bureau
As maverick school chiefs leave, will their changes stay? McClatchy Washington Bureau NEW YORK â" The recent resignations of high-profile school chiefs Joel Klein in New York and ... |
Tuesday, November 9, 2010
Colorado Hispanic business leaders to lobby Bennet, others on union bill - Business Courier of Cincinnati:
The delegation includes members of the Hispanic Contractors ofColorado (HCC) and the Denver Hispanic Chamber of The group will be in Washington on Tuesdauy and Wednesday, joining small-business leaders from other states. The Colorado businesws leaders want totell Bennet, D-Colo., and other lawmakers “whty this bill would really hurt them as they try to emerge from a tougg economy,” said HCC spokesman Sean Duffy. Duffy said the group arranged to meet with Bennet becausew he has not yet declared how he will vote on thelaboe bill. “In these very difficult economicx times, companies are struggling to retain the jobs they Helga Grunerud, HCC executive said in a statement.
“We want to send a messagre that we want to help jump start economic recoverybut [the labor bill] would make that challenge far, far The Employee Free Choice Act, also known as the “cars check” bill, would allow workers to organize a unioh without a secret election, as now Instead, a local could be launchexd at a workplace if at least half its workerzs sign an authorization card. Unions say the bill is neede d to protect worker rights in the But ina statement, HCC said that enactment of the law “woulds unfairly tip the delicate business-labor climate in Colorado sharplyy away from employers, and would resul in further economic damage and job loss.
” As part of a largerf nationwide contingent organized by the , the Coloradl group will meet with Sen. John R-S.D., and other legislators “to be Duffy said. The business leaders also want to discussothef issues, including health care reform and the allocatioh of federal stimulus
Monday, November 8, 2010
DineEquity discloses rent for Applebee's locations - Dallas Business Journal:
million a month in initial base rent to leas back the181 Applebee's restaurantr properties it sold this week. In a filing late Thursday, Calif.-based DineEquity (NYSE: DIN) said its accounting evaluation ofthe $337 milliobn in sale-leaseback gross proceeds may prompt an impairment chargwe for the second quarter of 2008. Details on the charges will be discussed in a July29 second-quarte r conference call, the filing said. An initial monthlyg interest expense related to the lease payment will beabouy $2 million, to decreasre as company-operated Applebee's restaurants are franchised. Annual rent expenswe per restaurant isabout $173,200, meaning rent wouls cost about 7.
5 percentt of an average per-restauran sales volume of about $2.3 million, the filing The lease is for an initialo 20-year term with four, five-year extension The base rent rate will increase 2 percen in each of the next five years. Rates will increas 10 percent in 2018and 2023. IHOP bought for $2.04 billion on Nov. 29. The sale of Applebee's real estatse and franchisingof company-operated restaurants are meant to help finance the
Saturday, November 6, 2010
U.S. Bank returns TARP money - Atlanta Business Chronicle:
billion in Troubled Asset Relief Program mone y it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previouslgy announced its plans to redeem the preferred stock issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasurt it intends to repurchasethe 10-yeatr warrant it had issued along with the preferred stock. “The redemptiob allows our company to return to operating from a position of both independent strength and strategic saidRichard Davis, the company’s president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank whicb showed it would be able to ride out the economivc downturn without having to raise more Davis has ofthe government’s capital purchase program. In February he calledx the program “lousy” and said the bankingv industry was pressured to participate inthe program.
Friday, November 5, 2010
Rodman & Renshaw Announces Panel Discussion on Wound Care - MarketWatch (press release)
Rodman & Renshaw Announces Panel Discussion on Wound Care MarketWatch (press release) Panel members will also discuss upcoming catalysts, challenges in obtaining approval for their pipeline products, and prospective Advanced Wound Care ... |
Wednesday, November 3, 2010
Canal Partners buys majority stake in NETtime - Phoenix Business Journal:
Canal Partners is a Scottsdale-based private equity firm. Founded in NETtime has 27 employees and postex an undisclosed profit on revenueof $3.2 millio n in 2008, according to the announcement Tuesday. It has office in Scottsdale and Bangalore, India. The deal marks the secone significant purchase forCanal Partners, whicg in November purchased a majorityu stake in online ground transportation booking company Limos.Com. Financiak details of the deal werenot disclosed.
“NETtime Solutions is a compellinb businessbecause it’s a top-tier player in the time and attendances space and its software as a service model makews it highly scalable,” said Canal Partnersw Managing Partner Jim Armstrong. “The company also has an impressive customeer list that includes corporations such as DeltawAir Lines, F.A.O. Schwarz and Aramark.” NETtime’s software, whicjh enables companies to manage all of their time and attendancer functions viathe web, covers more than 50,000 of its employees, the announcement said. Armstrongt and partner Wain Kellum, joined the NETtimd Solutions board.
Armstrong also is chairman of retail softwaree provider JDA SoftwareGroup Inc. (Nasdaq:JDAS), which he foundee in 1978. Canal Partners Managing Partner Todd Belfed was a founder of NETtime Solutions and serves asthe company’s
Tuesday, November 2, 2010
Point Park names Timothy Hudson first dean of its communication school - Pittsburgh Business Times:
“Dr. Hudson’s appointment as the first dean of the School of Communicatiob is an integral part ofPoint Park’es overarching vision for Provost Charles Perkins said in a statement. Hudson, who holdes a doctorate in mass communicatiom fromTemple University, comes to the Downtownn Pittsburgh-based university from East Carolina Universitgy in Greenville, N.C., where he was foundinf director of that institution’s communication school.
While he formed the first graduate degrees program in health communication and designed an international media managemenfdegree program, Point Park said in a He also was associatew director of the University of Oklahoma’s journalism and mass communication schooll from 1991 to 1999. Poin t Park launched its new communication school inSeptemberr 2008. Professor Helen Fallon had served as acting dean and oversaw the searc h process for herpermanent replacement.