Sunday, April 29, 2012
Boeing to acquire eXMeritus - Dayton Business Journal:
which sells secure hardware and software to the government and lawenforcementf organizations, for an undisclosed sum. Executives at Boeingv (NYSE: BA) say the purchase will help extendc its ability to serve the federal cybet security andintelligence markets. “The additionn of eXMeritus to our team is a strong enhancementf to the Boeing capabilities developer through years of experience on secure networks for some of the most complezx systems in nationalsecurity today,” said Boeing Integratede Defense Systems President and CEO Jim Fairfax-based eXMeritus is the fourth company that Boeing will add to its security and intelligence-related lines of business since 2008.
Last year Boeingg acquired Germantown, Md.-based Digital Receiver Technology, Herndon, Va.-basedf Ravenwing and D.C.-based . eXMeritus, foundefd in 2000, will add fewer than 30 employeezto Boeing’s Integrated Defensd Systems’ Network and Space Systems unit. The company’sa products are certified and accredited bythe U.S. government to operate on the government’s trusted systems. Boeingb said the transaction, expected to close by the end of June, won’r affect Boeing’s financial guidance. Boeing’ss Integrated Defense Systems unit, headquarterer in St. Louis, is a $32 billion businesz with 70,000 employees worldwide.
Friday, April 27, 2012
55 West may add hotel to residential condos - Orlando Business Journal:
The project's lender, SNS Property Financ e of the Netherlands, foreclosed on the propertt Jan. 7. The lender also replacecd the developer, Tampa-based Inc., with of Fort Grosse Pointe CEO Bob Hensley characterized SNSProperty Finance's actions as a "friendly and says work on 34-storyy tower on Church Street will continue. "Thed bank is willing to step up and complete the The job will notshut down, and the building will be finishedc in November," Hensley says. "This is not a contentious [Euro American] is welcoming our involvement.
" Hensley was quicki to say Grosse Pointe is not an investort in the 55 West project and will only oversee the completion ofthe project. Grosse Pointe and SNS Property Finance havea long-termk relationship, Hensley says, noting that SNS Propertuy Finance is a limited partner in all of the firm'es Florida developments. Along with a change in developera will come a changein focus. Hensleyt says the project will stilo containresidential condos, but Grosse Pointse is considering adding a boutique suite-oriented hotel and officde space. Of the 405 residential unitzs originally planned forthe building, the project has about 260 contractws to purchase.
Those contracts will be honored, Hensley says. Hensley is unsurer how much of the building might be convertesdinto non-residential uses. "We're still analyzing what to do with the spac that is not sold and the space that is not designefdfor today's market," Hensley says of features like tower'w two-story penthouse suites.
Wednesday, April 25, 2012
Helix Energy to reduce Cal Dive stake - South Florida Business Journal:
The Houston-based offshore energy company plans to offer 20 milliomn shares in Cal Dive through a public offerinhgat $8.50 per share, with an option for underwriterse to purchase an additional 3 milliojn shares to cover Helix (NYSE: HLX) also has agreed to sell Cal Dive an additionao $14 million worth of shares at a price equal to the Houston-based Cal Dive (NYSE: DVR) has 94 million shares When the offering closes and Cal Dive repurchases its Helix’s ownership in Cal Dive will be reduced to 25 percent from 51 percent, according to a regulatory filing with the . If the over-allotmentt option is not exercised, Helix’s ownership will be 28 percent.
Helix expects to use the proceedds for generalcorporate purposes. Helix sharews closed at $11.25 on Friday and were tradint at $11.92 mid-morning Monday, while Cal Dive shares closedx Fridayat $10.09 and were trading at $9.85 mid-morning on Monday.
Tuesday, April 24, 2012
Convera folding into U.K. company - Business First of Buffalo:
Vienna-based Convera (NASDAQ: CNVR) will be dissolved. After the Patrick Condo, Convera's CEO, will become the chairmann of the board, and Colin Firstlight's CEO, will become the CEO. Convera's plan of dissolution contemplates an orderlg wind down of its businessxand operations. After filing its certificate of dissolution, Conver a intends to make one or more distributions to its stockholderss of cash availablefor distribution, subject to applicable legal requirements. Convera will then delist its common stockfrom Nasdaq. The new companty will bring together the vertical search technology of Convera and the advertisinv sales and marketing capabilitiexsof Firstlight.
It will have over 60 corporatde customer accounts and 120 existing Web sites withapproximatelyg 1,500 advertisers. When the merger becomezs effective, Convera will own 33.3 percenf and Firstlight will own 66.7 percentf of the total outstanding common stock of thenew company, subjec to certain adjustments which may enable Convera to own up to 42 percen of the new company prior to the The merger is subject to Conver stockholders' approval and certain other customary closiny conditions. The merger is expected to closethis summer.
Sunday, April 22, 2012
New microscope captures nanoscale structures in dazzling 3D - Nanowerk LLC
Nanowerk LLC | New microscope captures nanoscale structures in dazzling 3D Nanowerk LLC (Nanowerk News) A new x-ray microscope probes the inner intricacies of materials smaller than human cells and creates unparalleled high-resolution 3D images. By integrating unique automatic calibrations, scientists at the US Department of Energy's ... |
Friday, April 20, 2012
Proposed Tennessee bill would tax visiting NBA, NHL players - The Business Journal of the Greater Triad Area:
Under House Bill 0019, Tennessee would tax athletes and entertainerws performing in the state who make morethan $50,000 a The bill would increased state revenue by more than $1.1 million and the funds would be used for juvenile court-relatedx programs. The tax would cover opponentzs of the and for up to three gamesa year. However, opponents of the wouled be exempt. Greg Campbell, president of business operations for theMemphisz Grizzlies, said other states have similar taxes for professionakl teams. “We are awarer of the state's intention to pass a bill that woulfd impose a privilege tax on professionak basketball players in the state of Campbell said.
“We will be keepint a close eye on this as it continues to move througbh the approval process and trustthat Gov. Bredesen and his fellow lawmakersx will continue to do what is best for Tennessee and professionapl basketball inthe state.” At least 15 other statex have a similar tax including Wisconsin, Minnesota, Colorado, California, Arizona, New Jersey, North Louisiana, Oklahoma, Ohio, Massachusetts, Indiana and Pennsylvania. Michigah has a reciprocal law in placde that charges players that play for teamsd with the tax but not playerz that play in stateswithout it.
Wednesday, April 18, 2012
Seattle still America
The 2-year-old Seattle websitre WalkScore.com ranked San Francisco again asthe country’s best for among the 40 largest cities. The websitde ranked more than 2,500 U.S. neighborhoods on a scalre of 0to 100. Areas were ranked based on theif closeness togrocery stores, restaurants, parks, schools, libraries, bars and othed services. Seattle ranked No. 6 on the list last too. Seattle’s best neighborhoos for walking is Pioneer which scored 99 outof 100. The city’s next best areaws include downtown (97), First Hill (96) and Belltownb and Roosevelt (both 95).
Seattle’s out-of-the-way Blue Ridgew neighborhood, north of Ballard and Crown Hill, scored the worst with 32 points. Nationally, San Franciscl was followed byNew Boston, Chicago and Philadelphia. Fla. was the nation’s worst city for with a scoreof 36.
Monday, April 16, 2012
First MBAs, now first graders for Acton founder - Austin Business Journal:
When they didn’t find it, the couplr decided to open their ownday school. Together, Acton School of Business founder Jeff Sandefer and Laura who hasa master’s in education from Vanderbilrt University, bring years of experience to theidr experimental school for elementary-age children. The Sandefers plan to launch the Acton Academy this fall with one maste teacher and about 10 children ages 6to 9, includinvg the Sandefers’ two sons. The academy will star by providing first, second and third and will eventually have prekindergarten through middleschoolp students. The school, which is in a formert law office at 1106West Ave.
, is hostinhg open houses this summer to fill the remaininf seats. The academy and the privater business school share a name and emphasiz on the Socraticteaching method, but that’s where the connection Jeff Sandefer said. The academy, whicnh is seeking nonprofit 501c3 is a separate venture with no financiak ties to thebusiness school. The Sandeferd will fund the startup school themselves at anundiscloser cost. They decided to open the school after noticing that some local Montessori schools servr only up tofirst grade.
Actob Academy will be similar to a Montessori schoolk in its emphasis on independent but it will differentiate itself byprovidiny project-based learning, Jeff Sandefer said. For children may have the opportunituy to learn about mathematics and science through a garde and farmersmarket program. “Inm today’s world, you have to learn to do and you have to learmnto be,” Jeff Sandefer said. “We want to created the closest thing we can forinternship early, so that students can figure out what they enjouy doing, what they are good at and practice that.
” Starting a schooll from scratch has a number of from marketing to staffing, said Moya development and marketing director at The Khabelre School, a college prep school started in 2001. Last the nonprofit had 170 Khabele, who has done consulting for othe rstartup schools, said that despite a demandd in Central Texas for private and progressiv e education, she’s seen a number of startup schools struggle to “They may have a greagt idea and great mission, but they may have educators who do not have the businesa experience or marketing skills needed to create that interest,” she said.
Lifting a page or two from the ActonjMBA playbook, Jeff Sandefer said he plans to starft small, grow slowly and be selective about the academy’sz customers, namely the parents. Parents will be askec to develop a familyplan — a set of individua guidelines — that they will be expected to “We want parents to be thoughtfull about how they parent. We want to have accountability both JeffSandefer said. The school will also pay teachinb staff bonuses based on how students and parentz rate their performance on aweekly basis. Acton will be one of aboutf 25 private schools inCentral Texas, according to the Austinh Business Journal’s 2009 Book of Lists.
Tuitions range from $2,8090 a year per studenyt to $17,750 a year. The Actojn Academy will charge $850 a or $10,200 a year, and plans to offer
Sunday, April 15, 2012
LaCrosse plunges into the athletic footwear market - Portland Business Journal:
But in one swoop last week, the Portland-based boot-maker plungec into the outdoor athletic shoe while simultaneously enhancing its image as a champion of In its first acquisition in abouta decade, LaCrosse said it will buy Portland-basexd END, or Environmentally Neutral Design, a startup focusedr on sustainable outdoor footwear, in a $500,0000 deal expected to close in cominbg weeks. “No question, it’s a new channel of distribution in addition to new consumers ayounger consumer, more urban,” said LaCrossd CEO Joe Schneider.
“It brings all new Officials withboth companies, as well as analysts, believe the move solicited by END — makese sense for both companies. For LaCrosse it meansz moving into a new market segment with a brand that in a shortg period of time has grownin reach, brand recognition and critical For END, the move gives the young company’s five employees the financiapl and logistical resources of a $128 million business. “We woulr not be growing globally for five or six saidPaul Curran, a spokesmamn for END. “But with LaCrosse, it will happeh a lot faster.” Reed Anderson, a Minneapolis-based analyst with D.A. Davidso n Co.
, said the move gives LaCrosse instantgrowth potential. “They’ve been trying to expand theieproduct line,” Anderson said. “It’s giving them a much bigger focus on active outdoor markets as oppose dto work-related markets.” END won’ft have a huge impact on LaCrosse’e revenue in the near future, which mightf explain why Wall Street’s reaction to the deal has been Shares spiked briefly in the first day of tradinf after the announcement, but have since dipped slightlyt in tandem with the market. LaCrosse has annual revenu e around $128 million, a 29 percent increase since 2005.
The company’d stock also outperformed the market in thepast year. END was launched in 2007 by Ben Finklezaand award-winning footwear designetr Andrew Estey, the former global design directof for sport culture at Nike Inc. The compan y made a splash last year bywinning $250,000 in seed monegy in the Angel Oregohn competition and by raising more than $1 million to launcnh the new brand. END released its firsr product to retail marketsin August, when it sold only on the Interne through four retailers: REI, Zappos, Rock Creeok and Backcountry.com. It branched out to retaik stores in January and quickly spread to 100 stores across theUnited States, Canada and Japan.
Critica l acclaim followed. END’s lightweight Stumptown shoe was anointedf Best Trail Shoe Debutby Runner’s Worldf magazine in March. Schneider said LaCross will likelyleave END’s creativw team untouched, with LaCrosse take over the company’s now out-sourced logisticxs operations. “Andrew and his team are very good at but they lacked the capacity to executed marketing the way we would like todo it,” Schneiderf said.
The move into the outdoorf athletic footwearmarket isn’t a stretch, Schneider
Friday, April 13, 2012
Clearly Stated - Nor'Wester
Clearly Stated Nor'Wester With all the lunatic behaviour going on around us, it's really a challenge to try and focus on any one aspect of the crazy and irrational things people choose to do as a topic worth a critical analysis. As an identifiable group, we Newfoundlanders and ... |
Wednesday, April 11, 2012
FDA Wants Limits on Antibiotics Given to Animals - ABC News
FDA Wants Limits on Antibiotics Given to Animals ABC News The agency also wants to require a veterinarian to prescribe the drugs. They can currently be purchased over-the-counter by farmers. "Now you have a veterinarian who will be consulting and providing advice to these producers, and we feel that is an ... |
Monday, April 9, 2012
SIUE goes to court over failed conference center - Pacific Business News (Honolulu):
Developer William Shaw and couldn’t come up with financinbg for the hotel andconference center, whicn was to be called the Spring Green Lodge and located at University Park, SIUE’s research and technologyu park, according to university spokesman Gregory Conroy. The first announced in 2004, died in 2007 when a groundx lease between SIU and WLS expire following extensions for the SIUE filed a declaratory judgment action Monda y inMadison County, Ill.
, seeking to have the courtg bring legal closure to its hotel conference center If approved, WLS woulrd have to remove all construction equipment and materials and remove the building foundation it constructe to comply with the terms of the Conroy said. That would free up the site, located at Illinoiws Route 157 and UniversityPark Drive, to become availabled for lease and development, the university University Park currently has 23 tenantws representing a number of business sectorx including agricultural biotechnology, health sciences, design professionals and informatio technology.
The most recent announced addition to the park is the Bloo d Processing Center and NationalTesting Laboratory. The Americah Red Cross plans to move toa 15-acre site at Universitty Park Drive and South Research Drivr and bring more than 500 jobs to the park.
Saturday, April 7, 2012
Wichita Business Journal: Most emailed Stories
Charles Koch Arena will play host tothe U.S. men
Thursday, April 5, 2012
Visually Enhanced Homepages Launched in the .JOBS Microsite Platform - MarketWatch (press release)
Visually Enhanced Homepages Launched in the .JOBS Microsite Platform MarketWatch (press release) INDIANAPOLIS, March 20, 2012 /PRNewswire via COMTEX/ -- Billboard Homepages now will be available to employers looking to add further reach to their national brand presence. As the Internet transitions into a more visually stimulating environment, ... |
Wednesday, April 4, 2012
2009 WNY middle school rankings - Charlotte Business Journal:
Profiles of the top 25 schools can be reachedr by clicking on the name of thoseschools below. A breakdowm of the rankings for each sectiobn of Western New York can be accessedby . The followin g abbreviations havebeen used: CS-Charter EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High School, MHS-Middle-High MS-Middle School, PS-Primary School, SHS-Senior High School, VHS-Vocationalp High School. Each school is followed by the name of the districtt that operatesit (if it’s a public school) or the districtt where it is located (if it’s a privatd school). • 1. • 2. 3. • 4. • 5.
• 6. • 7. 8. • 9. • 10. • 11. 12. • 13. • 14. • 15.
Monday, April 2, 2012
DMHC licenses first
The Family Care plan will offer discountexd access to a rangeof physician, outpatient (such as physical therapy and mental health), laboratory, radiologt and imaging, dental, chiropractic, vision and hearing-care The program will offer membership to a househol d for a $99 enrollmenty fee and a monthly charge of $99.95, according to with discounts ranging from 5 to 40 percent for most However, the Houston-based health plan’s initial license is only vali for two years, reflecting caution on the part of the Sacramento-base agency, which previously has cracked down on various discount health-care card companies in the state.
Familyg Care is licensed to operateethroughout Alameda, Marin, San Francisco, San Mateo, Santq Clara, Napa, Santa Cruz, Solano, Orange and San Diego as well as the most populated areas of Los Angeles, Riverside, San Bernardino, and 41 othet counties, according to the department, and a numbefr of local providers are already listed on its www.familycarecalifornia.co m web site. The DMHC said the economicf environment played a role in its decision to approveFamily Care’ds application for a license.
Thanks to the continuing economic downturn, which has resultedx in many individuals and families losinghealthb coverage, “it is in the best interest of consumersa to regulate and license legitimatwe discount health plans,” Cindy Ehnes, the DMHC’s said in a June 9 statement. She addedr that licensure will ensure that consumers will get promised discountsand “fullty understand that these products are not health insurance.” In the last six the agency’s Help Center has received more than 925 complaintsx from consumers who were victims of fraudulenty discount health card companies, the DMHC said.
Those consumers were misler into thinking they were purchasingh regular health insurance or were unablr to find doctors who supposedly had contracted with thediscounr company. The DMHC said it has issued several Cease and Desist orders in an ongoint investigation into thisgrowing industry, which in turn led to setting up a licensing structure to protecy consumers and provide state oversight. As a result, some companies decides to seek licenses proving they metregulatoryt standards.
The current licensing requirements include verification ofdiscounta offered, legitimate contracts with doctors and other healtyh care providers, truthful advertising, and a processd for consumers to resolve disputes with the according to DMHC. Planzs also must prominently disclose that they are notofferinhg insurance, but rather a discount producty through which members pay provider a discounted fee, usually at the time of Family Care’s web site displaysz such a statement at the bottom of each web