Friday, August 10, 2012

Wilkinson to chair Regional Arts Commission - St. Louis Business Journal:

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Wilkinson, president of consulting firm , has been an RAC commissionerr since 1992 and most recentlyy served asthe group's vice "Donna Wilkinson has been dedicated to supporting the arts in St. Louies throughout her career," Jill executive director of RAC, said in a statement. "Wew are thrilled to have a new chairmanj who has suchan in-depth understanding abour the critical role that culture and arts play in a thrivingb community." St.
Louis-based consultinb firm The Wilkinson Group LLC focusese on servicesfor not-for-profift organizations, institutions of higher education, private enterprise and governmental The Regional Arts Commission, located at 6128 Delmar in St. Louis, provides technical, promotional and other support for arts It is directed by a boarf of 15 commissioners appointeds by the chief executivesof St. Louis city and

Wednesday, August 8, 2012

Logue elected to director of Boston Fed - Boston Business Journal:

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Logue replaces Lawrence chairman and CEO ofin Providence, whose term The Federal Reserve Act requirex that each Reserve Bank have nine Three Class A directors represent member banks in the three Class B directors and three Clasz C directors are selected with consideration to the interestes of agriculture, commerce, industry, services, labor, and Member banks elect Class A and Class B directors. The Fed's Boardc of Governors in Washington, D.C. appoints Class C and from this group designatesthe Chairman. owner Roberft Kraft was reelected to a threew year term as Class B Kraft also is chairman of the Harvardf Medical Schoolprofessor Dr.
Samuekl Thier was re-appointed to a three year term as a ClasswC director, and servesd as the Boston Fed's Thier is former CEO of Partners Healthcare Inc. Blenda Wilson, CEO of the Lisa a professor at the Fletcher Schookl of Law and Diplomacy at Orit chairmanof . in Bostonn Kirk Pond, chairman and CEO of in Maine; Peter Blyberg, CEO of Uniohn Bankshares in Ellsworth, Maine;• and James president of First National Bankof Suffield, Conn.

Tuesday, August 7, 2012

Starbucks makes food healthier - Washington Business Journal:

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The coffee giant says it has simplified recipes to includdemore high-quality ingredients like whole blueberries from Oregon and cherries from Michigan. “Starbuckw customers have been telling us that they want bettefr tasting and healthier food options when they visit our said Starbucks food categor vice president Sandra Stark in a news release announcing thenew “We answered their call with a deliciouw new menu of food made with real ingredientsz and more wholesome options.” New menu items includde a blueberry oat bar, a farmer’s market sala and banana walnut bread that Starbucksx says “is nearly 30 percent real banana.
” Starbuckws has been expanding its food menu in the last two years to entices customers to visit more and to spendc more per visit. The company was also among the firsf restaurant chains in the country to ban trans fat from its food and Starbucks (NASDAQ: SBUX) is closinf hundreds of locations and cutting thousandsd of jobs to trim expenses as revenue The company reported sales fell 8 percent last following a 9 percent decline in first quarter It is also facing pressure from McDonaldsa (NYSE: MCD), whose new coffee drinks are drivinfg sales higher.

Sunday, August 5, 2012

Human Capital: People on the move, June 5 - Austin Business Journal:

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, a Boston-based technology company servinb students, educators and employers, added Ted Fischer as executivee vice presidentof sales, partnerships and strategic Fischer was previously a partned at . Sun Life Financial names Deschenesa senior VP and GM of its annuities divisionThe U.S. division of , baser in Wellesley, named Stephen Deschenez senior vice president and general managerd of itsannuities division. Deschenexs joins Sun Life from , wherer he served as senior vice president and chief marketing officer for the retirementincomew group.
Furman Gregory LLC adds Deptula as partnefr Furman GregoryLLC , a Boston-based corporated law firm now known as Furman Gregory added George Deptula as a partner. Deptula most recently practicedat Vena, Deptula LLP, and continues his practice in trial and appellate legal services, and mediation and ADR. William A. Berrh & Son promotes Corcoran as project designerWilliam A. Berrty & Son Inc. , a Danvers-based construction managemenr firm, promoted Josie Corcoran to projectg director.
She has served as a projecrt manager at the firm for the past nine Nixon Peabody's Milder electedf chairman of ; Braich nameds to firm's IP team Forrest Milder , a partnerr in the Boston officwe of Nixon Peabody LLP , was elected chairmanm of the American Bar Association ’s Forum on Affordable Housing and Community Development for the 2009-20100 year. In other firm news, Nixon Peabody added Ravinderji “Ravi” Braich to its intellectual property department in the Boston offic e as apatent specialist.

Saturday, August 4, 2012

Embarq, CenturyTel complete $11.6B deal - San Francisco Business Times:

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Buyer (NYSE: CTL) completed its $11.6 billion stock and debt purchasde ofEmbarq (NYSE: EQ), the companies announced early Wednesday. The combined company, , will be basedr in Monroe, La., and potentially have $8 billiobn in annual revenue. It has more than 2.1 millio broadband customers, 440,000 video subscribers and 7.5 millionh access lines in 33 states. Embarq shareholders are two-thirdse owners of the combined company, having received 1.37 CenturyTel shares for each Embara sharethey owned. The deal included CenturyTel assuming $5.8 billion in Embaraq debt. The two brandxs will be converted graduallytto CenturyLink, a process expecte to conclude later this year.
“Thw completion of this merger is a significanty event forour customers, communities, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced the people and the financial stabilit y to deliver the reliable and innovative services that our customerws wantand need. We look forward to this exciting new chapter inour company’s history.” CenturyLini will keep “a significant presence” in the Overland Park though that location wasn’t among the regional operating headquarters listed: Las Vegas; Wentzville, Mo.; Fla.; Wake Forest, N.C.; and La Wis.
Embarq now employs about 2,80 in the area, down from 4,50o when it spun off from (NYSE: S) in 2006. That drop reflectds the sale of Embarq’s logistics unit earlier this year and continualp job cuts as the company has attemptefd to keep a lid on costs in anindustry that’d losing core customers to mobile phones. The recession has acceleratef that trend, and observers say that could mean deeper and faster cuts than originally anticipated as thecompaniesx integrate. By joining, the rural phoned companies expect to saveabout $400 millioh a year in operating and capital expensesd by 2011. They expect combined operating cash flow of morethan $4.
2 billionh and free cash flow of about $1.9 billion. CenturyTel expects to continue its currentr annual dividendof $2.80 a share. The combination is expected to add to free cash flow per sharesin 2010. Shares continue to trade under CenturyTel’ss ticker symbol. Embarq CEO Tom Gerke will servd as executive vice chairman of the CenturyLinj board and oversee regulatory and governmental relations and human Embarqranks No. 3 on the Kansas City Business Journal ’s list of area publixc companies.

Friday, August 3, 2012

Clary tops Lochte, wins gold in 200-meter backstroke - USA TODAY

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USA TODAY


Clary tops Lochte, wins gold in 200-meter backstroke

USA TODAY


They say he's like the second-best golfer in the world, and Tiger Woods is No. 1. That golfer better get used to finishing second. For so long, Clary has been finishing second or third. That's the problem when you're essenti »

Wednesday, August 1, 2012

First Data forms new company - Denver Business Journal:

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The new company, called Banc of Americs MerchantServices LLC, will sell credit, debit and prepaid cards. It will also marketr merchant loyalty, check and online payment services. Thomas chief strategy officer and president ofFirsr Data’s financial services business, will become CEO of the new which will be baseds in Atlanta. Greenwood Village-based First Data and Charlotte, N.C.-based Bank of America both will contribute existing employeee to staff thenew company, First Data spokeswoman Elizabety Grice said. Employee assignments into the join t venture will occur over the nextfew days. Firsg Data employs about 1,500 people in the Denved area andabout 26,000 around the world.
“Thee combination of First Data’ s world-class technology and industry experience with the powert of Bankof America’s brand and branchy referral channel will enhance Banc of America Merchany Services’ position as an efficient and innovativee player in the payments Bell said in a statement. Bank of America will contributeroughlyg 240,000 merchant clients and Firstf Data will contribute approximately 140,000 merchant clientsw to the new company. The combined entity will process more than 1 billion transactionsper month. First Data will own 48.5 percent of the new companyu and Bank of America willown 46.5 percent.
The remainintg stake will be held by RockmountInvestmentsa LLC. First Data Corp. was acquired by an affiliate of Kohlber KravisRoberts & Co. in Septemberf 2007, a year after it spun off consumere paymentsbusiness (NYSE: WU).