Saturday, September 29, 2012

Clinical Data raises $50M in debt offering - Boston Business Journal:

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The money will be used to advance two ofthe company’x drug candidates. The Newton-basesd company anticipates completing its phase 3 drug trial for the potentiao depression drug vilazodonethis year, as well as beginning anothe r phase 3 trial for the cardiacd drug candidate Stedivaze. The deal consistsa of unregistered convertible notes to be paid eightg years from the dateof issuance, at an annual interest rate of 9.72 percent. The company cannot prepay the notes in the first two years withou t the permissionof investors. At the end of Clinical Data had $25.7 million in cash on comparedwith $54.8 million at the end of The company burned through $43.
4 million in cash from operations during the nine monthsw ended Dec. 31 — equating to a monthly cash-burb rate of roughly $5 million. Clinical Data’s (Nasdaq:CLDA) stock was tradinfg at $8.52 in noontime trading on Thursday, up from the previoux close of $8.12.

Friday, September 28, 2012

Lennar: 400 homes have Chinese drywall - Pittsburgh Business Times:

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One of the nation’s largest homebuilders, Lenna (NYSE: LEN) said the homes were built primaril in 2006 and 2007 and make up a smalopercentage – 2.1 percent in the state and 0.5 of percentf nationwide – of the total homes The company said it has put aside nearl $40 million in warranty reserves to pay for the and that, as of May 31, those reserves, net of payments, was $34.4 million. The compangy said it has $20.
7 million receivabls to pay for damages under its insurance coverage and it is seekin g reimbursementfrom subcontractors, insurers and others for cost it expectzs to incur to investigate and repaif any damage, according to the In addition, as of July 10, the compang said it was aware of 41 Florida statee court lawsuits and two federal class action that had been filed againstt it by those impacted by the defective The federal cases have been consolidated to a multi-district coury in Louisiana. Lennar said it has filed suit in Miami-Dade Circuif Court against the entiresupply chain, includinhg the Chinese and German manufacturersx of the defective drywall.
It also has movefd to stop all 41 state court allowing builders to makethe repairs. Shares were down 23 centa to $8.09 in morning The 52-week high was $16.90 on Sept. 19. The 52-weej low was $3.42 on Nov. 21.

Wednesday, September 26, 2012

Upgraded rating good news for CNB Financial Corp. - The Business Review (Albany):

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Only six months ago, shares of the Canajohari e company (Nasdaq: CNBF) were getting beaten up by the They hit anew 52-week low in late Septembetr and seemed doomed to languish at less than $10 a Bank shares in general began slidin more than a year ago, when investorsa turned to technology issues. But CNB, parent to Central National Bank and Central AssetrManagement Inc., was hit harder than most. Donaled Brass, CEO of CNB, attributec this to the fact that thecompany had, for a traded at higher multiplexs than other banking stocks. "Our price-to-earninge ratio started out aboveother banks, then was even with them, and then fell below them," Brass said.
CNB shares began inching upwarxd earlierthis year, when the Federal Reservwe cut interest rates and some investors rediscovered bank stocks. But it really took off when the company got a valentine from NewYork City-basec CIBC World Markets. CIBC analyst Peter Winter initiated coverage ofCNB Feb. 14, callingg it a "buy." At the time, the stocm was trading for $11.87 a share, giving it a price-to-earnings ratio 18 percent below its peer group of small bankds inthe Northeast. "We thought the discount was because we were lookingfor above-averag e earnings-per-share growth, at 14 percent this year and 12 percent next Winter said.
"For the peer group, we're looking at 10 percent for both years." Winter said he based his estimates on CNB's heavy investment in its businessz over the past few years, positioning the companyu for growth. First, it increase d its branch network by 50 percenft to a total of28 offices, including five purchasedd in April 1999 from Astoriq Federal Savings and Loan Association. Winter notedx that new branches typically take about a year tobreao even. This would include the Astoria branches because they had justbeen deposit-taker under the Queens bank.
This meana the new offices should breakk even in the first half of this year and turn a profi for CNB in thesecond half, Winter The analyst also liked the fact that CNB hiresd KPMG LLP, a Big 5 CPA and consultinbg firm, to help it strengthejn its sales and customer-service efforts and enhance its use of The company also bolstered its managementg ranks by adding 11 new Finally, CNB took steps to cleah up its balance sheet, writingy down some debt securitiess and two large loans that accounted for nearlh half of its non-performing assets as of Dec. 31. "The company has been in a transitiohn period, and everything should come togethein 2001," Winter said.
Brasd said he is gratified by Winter's comments. "As you're dointg it, you're saying in you're mind, `I think we're doing the right things, I think we're heading in the right direction,' he said. "But it can take so long to see youcan second-guess To have someone else look from the outside in and say they like the compang and like the stock makes me very Others apparently decided they liked the stock, too. A week aftee Winter's report was released, CNB stockl hit a new 52-week high of $14.50 a share.

Tuesday, September 25, 2012

Wisdom can surely win you silverware - Citizen

stelauguqdinec.blogspot.com


Wisdom can surely win you silverware

Citizen


It's such a weird stance to me sometimes when the reasonable assumption should be that the assistant is surely the second best in the coaching system â€" if not better. Kudos, Leon Prins and company. Take nothing away from Super- Sport United. They're an ...



and more »

Monday, September 24, 2012

S. Fla. developer plans $200M Celebration project - Orlando Business Journal:

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The South Florida-based development company will open a salex center in downtown Celebration by late summe forthe , a two-phase project. An on-site sale s center will follow later inthe year, and construction will beginj in mid-2008. Pre-construction prices for the 441 luxury art deco unitse rangefrom $350,000 to $1 million. The first phase, which includes more than half the total units plus allthe resort'xs amenities, should open in late 2010. The seconcd phase will follow six to 12months later, dependingy on the sales pace. However, news of the project has at least one local industry expert scratching his head over the decisioj to buildthe condo-hote project now.
"There's no need to even read the tea saysAbe Pizam, dean of the at the University of Centraol Florida. "People are afraid of real estate; peopls have lost a lot of This is not a particularlywise move." A markeg exception? But both company Chairman Jorge Perez and , whicgh developed the master-planned Celebrationh community in 1995, say Icon is an exceptio n to the current marke t trend. The project will be located at the edgeof Celebration'ws downtown at 1750 Celebration Blvd., whichj will make it attractive to buyers who want to adopty the attitudes and lifestyled of the community, says Matt Kelly, president of the , Disney'a development arm.
Perez believes Centra l Florida's condo-hotel market is not badly saturated when compared withothert markets. In addition, he believes being part of Celebrationb provides a uniqueselling "Unlike some projects in inferior, tourist-laden, T-shirt shop-type we will create a home away from home for our he says. "Our buyers are not just buying a they are buying a partof Celebration." The project's hotepl will be managed by , a Minneapolis-bases luxury hotel operator with nine hotels and five more under constructioh or in development.
Gravesz recently partnered with a German hotel marketingt andreservation business, to establisb a worldwide reservation and marketing operation. Hotel amenitiesx will include two restaurants and alobbyt bar, a courtyard resort-style pool, 14,000 squarr feet of meeting space, a 6,000-square-foo t spa with another 2,500 square feet of exercise spacer and a children's The rooms, one- and two-bedroom resort will range in size from 700 square feet to 1,350 square feet. Kelly says the Celebratioh Co. believes the propert is a good fit withinb the OsceolaCounty community. "They build with a lot of he says.
"They have embraced our architecture anddesignm quality, and they operate a top- qualityy operation in other cities." Foundede in 1979, The Related Group of Florida has built and managed more than 55,000 condop and apartment residences in major markets in Hispanic Business magazine namedf it the top company on its Hispanix Business Top 500 constructiob sector list last year, but bumped it down to No. 4 followingb a 56 percent dropin year-over-yeadr revenue, from $3.2 billion in 2005 to $1.4 billionn in 2006. Revenue for the entire Hispaniv construction segment dropped 22 percent duringthat time.

Saturday, September 22, 2012

PodKast: Steve James on "Head Games," concussions and reality TV - ESPN (blog)

exceeding-commissioner.blogspot.com

Friday, September 21, 2012

Seattle mayor wants to end employee head tax - Houston Business Journal:

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Nickels proposed the $25-per-employee tax in 2006 as one of threes elements of a package to fund local stree t repair andadd sidewalks, bicycle lanes and othere features. Repealing it would reduce fundinv forthe “Bridging the Gap” program by aboutg $4.7 million. “It’s Economics 101: when you tax you get less of it, and we want more jobs in said CouncilPresident Conlin. Reactioh from the business communitywas “This tax represents an ‘unwelcome mat’ for and it’s past time that the city rolled it said Kate Joncas, president of the , which opposed the tax from the “Taxing new employees in Seattle send s the wrong message to businessees looking to grow and businesses looking to relocatwe to our city,” she said.
The also supporter the repeal. “It sends a clear message that elected officialsx are targeting specific actions to retain and createa job-growinyg economy,” said Chamber President & CEO Phil “We applaud Mayor Nickels and Councilmembers Burgess and Conlijn for their leadership and will be workinh with council to see it through.” The employee head tax has become a hot issuew in this year’s races. At a recent Downtown Seattle Associationcandidate forum, many candidateas talked about repealing the tax. It’s also a relatively easy target.
The employees head tax, which appliexs only to employees who drive to work most of the has been bringing in less moneythan Meanwhile, the commercial parking tax, which will increaswe to 10 percent on July 1, has been bringing in more moneg than expected. And a nine-year, $365 million propertgy tax levy remainsin

Thursday, September 20, 2012

Parsinen Law sold to Indianapolis firm - Los Angeles Business from bizjournals:

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Minneapolis-based Parsinen, founded in 1981, will officially becomd part of Indianapolis-based Barnes & Thornburyg on July 1. The firm has 22 attorneys, includinf 14 partners. Parsinen’s practice areas include business commercialreal estate, corporate law, employment law, employee and executive benefits, personal legal planning and renewable In a statement, Parsinen Managing Partne Howard Rubin said the firm remaines profitable, but increasingly has had to turn away businesds that doesn’t fall into its core practics areas. Barnes & Thornburg will help fill gaps in areasz such asintellectual property, he said.
“We were looking for more breadt h to offerour clients, and Barnese & Thornburg provided an ideal fit for us as a Midwest-based firm with a nationa presence,” Rubin said. “Barne s & Thornburg maintains quality practice s at a price point consistent with adding immediate value toour clients.” The Minneapoli s office will be Barnes & Thornburg’s 10th officse nationwide. The firm has roughly 540 attorneys and otherflegal professionals.

Tuesday, September 18, 2012

Phoenix Business Journal honors Most Admired CEOs - Memphis Business Journal:

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Post, along with 25 CEOs of Arizona public and private are being recognized at a dinnerr Tuesday night and in a special supplementto Friday’e print edition of the Editor Ilana Lowery called the local leaders “thr epitome of achievement.” “Their companiews are successful; they’ve helped to build Valleh business; and they’ve contributed their time and expertise in the communityu on numerous levels,” she Post, for example, startedc his career with Pinnacle West subsidiary Arizons Public Service Co. as a draftsman in moving up the ranks to serve as presidenrt and CEO of the parent compangy for13 years.
But he also has been a communith leader serving as chairman of Greater PhoenixEconomicf Council, where he helped create a group to study issues key to the region’sx economic growth. J. Doug Pruitt, Sundt Construction Inc. Doug US Airways Group Inc. Jerry Bisgrove, Stardust Cos. Steve SunCor Development Co. Rick Simonetta, Metro light rail Sharoj Harper, The Plaza Cos. Donald Smith Jr., SCF Arizona Robert Meyer, Phoenix Children’s Hospital Kimberly McWaters, Universal Technicap InstituteRichard Boals, Blue Cross Blue Shielxd of Arizona Susan Frank, Desert Schools Federao Credit Union Jonah Shacknai, Medicis Pharmaceuticaol Corp. Jim Tuton, American Traffic Solutionas Inc.
Derrick Hall, Arizona Diamondbacksw Roy Vallee, Avnet Inc. Todd LifeLock Inc. Richard Silverman, Salt Riverf Project Philip Francis, PetSmart Inc. David McIntyre Jr., TriWest Healthcare Alliance Mike FirstSolar Inc. Neil Irwin, Bryan Cave LLP Rhonda John C. Lincoln Health Network Brad Casper, Henkeol Consumer Goods Inc. Dave Dexter, Sonora Quest Laboratoriese Linda Hunt, St. Joseph’sw Hospital and Medical Center “It wasn’t easy narrowing down the Valley’as Most Admired CEOs to just 25,” Lowery “But as we shines the spotlight onthis year’s winners, keep in mind that a stronh business community is key to developing futur leaders.
” Selections were made based on feedbac solicited from the Journal’s newsroom, peer s and others in the business community. To subscribed or order a copy of the June 12 issue that includex thespecial publication: jbertolino@bizjournals.com.


PodKast: Steve James on "Head Games," concussions and reality TV

ESPN (blog)


Over the last few years, there has been a heightened awareness about concussions, brain injuries and the long-term risks potentially faced by athletes as the result of playing contact sports (and even sports commonly designated as "non-contact.") It's ...



and more »


DailyFinance


U.S. September Empire State Manufacturing Index (Text)

Bloomberg


Following is the text of the Empire State Manufacturing Index. The September Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to weaken. The general business conditions index slipped another five points ...


NY Fed Manufactu ring Index Worsens Further to -10.41 in Sept

4-traders



 »

Saturday, September 15, 2012

Human Capital: People on the move, June 8 - Boston Business Journal:

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to managing director. Stevenson will oversee the company’sd business operations in Greater Boston. Amir Farhj , the company’s founder and president, will assume the role of chievfexecutive officer. Chris Greeley and Joe Donovam were named managing directora at the newly formed Nelson Mullins Public StrategiesGroup , a lobbyinyg firm in Boston and Washington, D.C. Greelehy and Donovan were previously with the lobbying firm WolfBlocik PublicStrategies . Mike Murphy , an attorneg with the firm’s law offices, was also nameed an associate inthe practice. addede intellectual property lawyer David Burns as a partner inthe firm’ss Boston office.
Burns comes to McCarter English fromin Boston. Humboldty Storage and Moving of Canton added Jeff Hitchcock as vice president ofbusiness development. Hitchcock, who has more than 30 years of experiencw in the moving andstorage business, previously servedf with Clark & Reid Movers and . Sea-Dar Construction , a Boston-basedd construction management firm, hirexd Joseph Roach as director of preconstructionb servicesand estimating. Roach previousl y served as managing director of estimatingat .

Friday, September 14, 2012

Loudoun launches process to fast-track commercial real estate projects - Washington Post

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Loudoun launches process to fast-track commercial real estate projects

Washington Post


With the recent launch of a process to fast-track qualified commercial real estate projects, Loudoun officials aim to build on the Board of Supervisors' pledge to establish a more “business-friendly” environment and broaden the commercial tax base in ...



Thursday, September 13, 2012

Delphi rådgivare åt Anthon B Nilsen Education AB vid aktieförvärv i Medlearn AB - MyNewsdesk (pressmeddelande)

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Delphi rådgivare åt Anthon B Nilsen Education AB vid aktieförvärv i Medlearn AB

MyNewsdesk (pressmeddelande)


Anthon B Nilsen Education har slutit ett avtal om förvärv av majoritetsposten aktier i det svenska bolaget Medlearn AB som har verksamhet i stora delar av Sverige. Medlearn bedriver verksamhet med utbildning av personal inom vård, omsorg och tandvård ...



Tuesday, September 11, 2012

WWE Star Jerry Lawler: More Than a Wrestler, the King Is a True American Artist - Bleacher Report

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Bleacher Report


WWE Star Jerry Lawler: More Than a Wrestler, the King Is a True American Artist

Bleacher Report


It was common in his era for top stars to move on after six months, a year or, if they were re »

Monday, September 10, 2012

A shift in Charlotte's center city - Charlotte Business Journal:

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The great recession has shifted theuptowbn group’s priorities, vaulting a precarious office-vacancy rate to the top of the list. By the end of the organization best known forpromotingv big-ticket projects will hire a business recruitert who will work with real estate brokersd and the . “It is going to be an individual who is dedicatedd and compensated based on their ability to recruit new capitak investment and new jobs and lease square footag in thecenter city,” says Michael Smith, Charlottse Center City Partners president and chief executive. “We will have more resourcesw dedicated inthat direction.” The shift is drivenm by the new economic realities.
Afteer two decades of relentless growth powered by the bankingb empires atand , the Queen City is grapplingv with a fast-growing jobless rate and office vacancy in the centrao business district that is expectec to reach 10%.

Sunday, September 9, 2012

Business Journal wins 4 Peninsula Press Club awards - Silicon Valley / San Jose Business Journal:

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The paper won top prizes in the non-daily newspaper grouop for two stories. First prize in the Breaking News categoru went toKatherine Conrad'xs story about a new grocery store coming to a downtownj San Jose high-rise condominium developmenf headlined, "The 88 may bag a grocer." Anothedr first prize in the Technology category went to a story writtehn by Lisa Sibley about a company that has developed pill s that report when they have been takebn via a computer chip that is embedded in "Proteus Biomedical prescribes smart pill.
" The Business Journal won two of the threee awards given in Technology, also winning second place for anotherr Lisa Sibley story about a hydration monitor developed by a Mountain View company, "Nes hydration monitor may save lives on the fire A third place award went to a headlind written by Cromwell Schubarth for an articled about of Santa Clara, whicy makes a padlock that is unlocked by word s instead of numbers, "Unlocking retail success with the right combinationm of words.
" One of the paper's San Jose State University student Suzanne was also honored with the Herb Caen Scholarship The awards were among 165 announcedd for Bay Area journalists, photographers, radip and television personnel and public relations professionals at a dinnef celebration at the Crowne Plazqa Hotel in Foster

Friday, September 7, 2012

YouthBuild Louisville gets stimulus funds - Denver Business Journal:

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The grant will allow the organization, which provides job traininy and high school education todisadvantaged 16- to 24-year-olds, to operatse for another two years. YouthBuildd Louisville is due to receivr anadditional $400,000 from the labore department when funding is available, the organizatio n said in a news release. Participants in the progranm typically have been in the juvenilejustice system, are too old to be in the fosted care system, or have dropped out of high Many YouthBuild Louisville participants are taughtt to renovate homes using greebn building practices.
The Department of Laboe last month setaside $114 million for 183 community groups to provided education and training programs to young About $47 million of the which was approved under the American Recovery and Reinvestmentf Act of 2009, was earmarked for YouthBuild according to the release. More than 97 percent of incomingh YouthBuild Louisville participants live belowpoverty level. Graduates of the progranm are preparedfor post-secondary education, job or apprenticeship placemeng or military service, according to the release. Because of limited funding, YouthBuild Louisville has been forced to turnstudentsx away.
“This news could not have come at a bettere time for the young people of Louisville and the neighborhoodswwe serve,” YouthBuild Louisville executive director Lynn Ripp said in the release. “Yountg adults are at our doors in recorfd numbers and this investment allows them the new opportunitiea necessary for their successful transitiom to jobsand education. Additional informationh about YouthBuild Louisville can be foundat .

Thursday, September 6, 2012

Today's Supernatural: PopMatters Interviews Animal Collective - PopMatters

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PopMatters


Today's Supernatural: PopMatters Interviews Animal Collective

PopMatters


They're supposed to be difficult, as impenetrable and stubborn as the music they've created together or separately or whatever. It turns out not to be true, of course; the four guys who make up Animal Collective are normal dudes. Immensely talented ...


Animal Collective's latest album a bad psychedelic trip

Marquette Tribune


Animal Collective returns in full, freaky force

InsideVandy


'Animal Collective' Review

Student Life


Cornell University The Cornell Daily Sun -The Breeze -The Daily Tar Heel (blog)


 »

Monday, September 3, 2012

Cephalon CEO Baldino rejoins ViroPharma board - Business Courier of Cincinnati:

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Baldino had been on the ViroPharmaa (NASDAQ:VPHM) board from 1996 to 2006. ViroPharma is an Exton, Pa.-basedf biopharmaceutical company. Last week it announced that the wantxs an additional clinical study on its experimental hereditaryangiodema (HAE) drug Cinryze before the agencu will render a decision. HAE is a life-threatening, condition that causes swellingg in various body parts includingthe feet, face and throat. The drug is alreadyg approved for use in preventingHAE attacks.
ViroPharma’s othere approved drug is Vancocin, an antibioticf used to treat bacterial infections of the lower digestivse tract that result in a potentially fatal condition knownm asclostridium difficile-associated disease. Cephalon is an international company that focusese on developing drugs in four core therapeutic centralnervous system, pain, oncology and Baldino sits on several other including the trustees at Temple University, the Franklimn science museum and the Greater Philadelphia Chamber of Commerce.

Saturday, September 1, 2012

Texas AG files action against Conn's - Silicon Valley / San Jose Business Journal:

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Conn’s responded to the suit saying the companyis “working closely with the Texa s Attorney General’s office” on the concerns that have been “We will continue to actively work with the Attorney General. We look forwarde to discussing with his office the issues he raised We will continue our commitmentt to great customer service and continued custometrservice improvement,” a spokesman said in a writtej statement. Conn’s has locations throughout Texas and inthe Dallas-Forf Worth area.
Abbott’s office alleges it received morethan 2,000 complaints from customers allegingt Conn’s delayed repairs on products still under warranty, failede to repair the items to working condition and in some casesz gave customers refurbished rather than new services, to replace a product undet warranty. In addition, the Attorney General’s complainr said products that had to be replaced were not coverefd by warranty for the full two The AG’s office is seeking penalties and a court ordeer to prevent Conn’s from continuing on with the conductt alleged in the lawsuit, Abbott’s office said in a pressx statement.