Sunday, September 9, 2012

Bankrupt Biovest International gets funding from Corps Real - Tampa Bay Business Journal:

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LLC agreed to provide Biovest a secured line of crediy for upto $3 million. Corps Real committex to advance $1 million to Biovest and additionap advances beyond the initiaol funding subject tothe lenders’ discretion and the orde r of the bankruptcy the filing said. Accentia (Pinik Sheets: ABPIQ), headquartered in Tampa is a drug development firm headquarteredfin Tampa. Its Biovest subsidiary is developing an anti-cancer vaccine focused on the treatment of non-Hodgkin’d lymphoma.

Saturday, September 8, 2012

Penske losing Big Lots logistics contract - Kansas City Business Journal:

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is packing up this summere at thediscount retailer’s headquarters and four otheer distribution facilities after the merchant optedf to not renew a logistics contract that expires in July. The Pa.-based Penske said 186 workers, including 53 in could be affected when its contractwith Columbus-basefd Big Lots (NYSE:BIG) expires July 31. Penske spokesman Randyh Ryerson said the company has worked with the retailerdsince 1991. The 1,300-store Big Lots has chosen a new third-partyg logistics provider to continue the warehousing and distribution work that Penskes performed atthe retailer’s Phillipi Road headquarterds and its distribution centers in Pa; Montgomery, Ala.
; Rancho Calif.; and Durant, Okla. Timothy Big Lots’ vice president of strategic planningh andinvestor relations, said more than a dozen carriersw bid for the work. He declined to disclose the compang Big Lots selected tosucceed Penske. Big Lots and Penskwe representativessaid they’re working with trucki drivers looking to continue work undefr the new logistics provider. Johnson said the company met with workere over the weekend to introduce the new In the event that some workersare cut, Ryersonj said privately held Penske will work with the statwe “to make sure employees are aware of differenf services.” Penske employs about 20,000 workersx worldwide.
Asked why Big Lots opted to bid for a new contractorf after thelatest five-year contract with Penske, Johnson “a lot has changed in transportation in the past five We owed it to our associates and shareholders to take a fresgh look at how we handle outbound The loss of the Big Lots contracft comes less than a year after Penskde was replaced at a warehouse in Lockbourne. Tenn.-based last fall stepped in at the where Penske had employed 146 Penske has 400 logisticscentere worldwide.
Its Central Ohio operations include a numberr of distribution and warehousing facilities inthe

Thursday, September 6, 2012

Incoming SBA chief calls emergency bridge loans

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There needs to be more investment in helpinb these innovative companies take our research and technologyu and turn itinto jobs. One piecd of that is going to be We are thinking about putting pilotsxin place, working with othet agencies to do a whole number of There’s a lot of interesting stuff going on. Righ now if you want to look at economic developmentand high-impact, high-innovation funding, look at the state level. There’s so much innovatiohn — there’s all kinds of state-based venturew and angel funds. There’s really powerful good thinking.
We hope to partneer with other federal agencies and others who are out therre to think aboutthe next-generationb solutions. It’s a core function in this economhy to take innovation and turn it into A lot of those jobs are going to come fromsmallo business. Q: The SBA’s budget requestf for next year seems to be a statua quobudget . Mills: I think we actuallgy have a vision which I would characterizas new. The vision is reallyu to reinvest inthis agency, particularly in our peoplde and information technology. Those priorities are much morefocused now. I think there’s a recognition across the administratiomn about the importance of smalp business tothe economy.
The president has called smalpl business the heart of theAmerican economy. He’s describer how small businesses are born at thekitchen table. He’s described how this is the path to theAmericanb dream. It’s such a foundation stone for the middle I think thisis new, vibrant, and that thoss activities that you see happening will involve those One other thing you may or may not see with the budgert numbers is collaboration. We care deeply at this agency abour all kinds of constituencieswho don’t have as much opportunityg sometimes to access capital or access expertisee on a business. Our job is to provide some of that expertise and capitaland opportunity.
We are workinb hard to be more linked, more more leveraged, and less We are going to continue to executr the Recovery Act during the period of the We are going to be doing thingsd layersupon layers. We got almost an equal amountf to the budget through thestimulus package. We are workint very hard executing theRecovery Act. We know the economu is not going to be fully recovered by the end of thisfiscao year, so we will be working on those programes through the next year as well. So we have in some sort of doubledthe work, but we also have doublefd the opportunity. Q: How is the SBA going to make sure smalpl businesses get their fair share of federalpcontracts ?
Mills: We want to make sure small businessews get these opportunities. Very often, this makes the difference in the growthj cycle of asmall business, and they can then be so well-establishee that they’re exporting, and they’re in anothee sort of tier. So we know it’s good for the small It’s also good for the government agency. So one of the thingas we are committed to is that our partners in these agenciee know and understand best practicesd for contracting tosmall businesses. If you contract with small you can get the most innovative You can get acces totop management, maybe even the CEO.
We need to show and educat and connect to all the purchasing agents to show them the best Many agencies exceedtheir goal. We are committed to trying to transfer that knowledgand understanding. We need to find ways to make thisa win-wib situation. The small businesses win and the federalgovernmeng wins, and I’ll say something sentimental, but I believe it, that Americaq wins. Because these are the companies that are going tocreate

Wednesday, September 5, 2012

Trump Waikiki buyers sue developer - South Florida Business Journal:

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The lawsuit, filed in 1st Circuig Court in Honolulu, alleges that Los Angelew developer claimed in a 2006 press release that the New York real estate mogul was a but that the fine print noted that Truml had merely licensed his name in a deal that coulfd be terminated or revokesd atany time. “These people were investingt in aRolls Royce. They were told it coulsd magically turn into a said attorneyWarren Price, who filed the lawsuif on behalf of the buyers, who include six Hawai i couples, two doctors from San the head of a California meat exportin business and a professional basketball playef from New Orleans.
Price plans to amendd the complaint within the next two weekws to include buyersfrom Japan, he A spokesman for Irongate issue a written statement sayinv the developer would pursue its own claimsa against the buyers. All 464 units of the 38-story hotel-condominiunm tower at the Diamond Head end of Fort DeRussyu sold in one day inNovember 2006. Abougt half of the buyers are from Japan; the balance are from the Mainland andother countries. The buyersd of the 11 units had placed deposits of 20 percentf on everything from studios pricedat $500,00o0 to three-bedroom suites priced at several millionj dollars. The project is nearing completion.
The sales contrac t did say that the Trump name was but it did not outline the details of the licensing Price said. However, it did say that if the license was terminated or revoked, that all referenceds to Trump would be removed from the building. “Oud position is not that they committed Price said. “There are a host of very materialk facts, material because the name changes from the Trumo International tothe ‘Brand hotel.” The lawsuit comes just as a big deadline looms for On Wednesday, buyers have to pay the balanc e of the purchase price in full in preparatioh for a Sept. 1 closing.
“The final payment is due on Wednesday, and these peoplse are not going to make anymore payments,” said a former Hawaii attorneyt general. “They’ve already put 20 perceng down.” The buyers filed on Monday because they are at risk of losing theirdown payments, and also face a greater risk of beinhg sued by Irongate for the full purchase price. In dozens of buyers at a plannedr Trump condo resort in Baja California filedf a lawsuit with similar allegations regardinvg the useof Trump’s name, the Los Angeless Times reported.
Trump sued Irongate a montb later charging the developer with failing to builde the project after he had license dhis name, according to the That litigation began to worry the Hawai buyers, Price said. “People began to wonderf what happens if there is a disintegration of the relationshiop between Irongateand Trump, and what coulc happen with the license,” Price said.

Monday, September 3, 2012

Where is President Obama ? and what is he doing? click … and read…to find out - Gretawire (blog)

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Where is President Obama ? and what is he doing? click … and read…to find out

Gretawire (blog)


Where is President Obama ? and what is he doing? click … and read…to find out. by Greta Van Susteren. Sep 3 2012 - 7:52 PM ET. comments. Below is the latest White House Press Pool report â€". Subject: Pool report #6a. From POTUS's tour: As motorcade ...



and more »

Sunday, September 2, 2012

Direct-mail firm adds staff to target fundraising sector - Sacramento Business Journal:

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Winston-Salem’s has launched its new advancement servicesz division withfive employees, including formerf university advancement officers and marketinbg executives. The division will study past fundraisinhg appeals, develop strategies to target the mostlikelty donors, and design, print and mail materials. Excalibufr has about 50 other Andy Tennille, director of marketing and businesds development for Excalibur, said the new divisio builds on work the company has done sinced its founding in 1972. “As relationshipw (with schools and nonprofits) endured, we saw we couldd really package some of our core Tennille said. “We see it as a naturall evolution.” J.D.
Wilson, Excalibur’a co-founder and president, took his first job out of collegwe with the advancement departmentat , an experience he said has filtered through his entire career. “We’rer unique because we’re so Wilson said. “Organizations who are lucky enough to have an endowmen are seeing it down 40percentf (because of the recession), and they are cuttingf staff to cut costs.
They can reach out to a strategic partneer like us to makesure they’rer maximizing the resources they do While Excalibur has focused mostlgy on long-term relationships with the advancement division will also try to securw contracts on a project basiw to meet a client’s specific need, Wilsomn said. Excalibur has managed the annuapl fund program atsince 2007, and “during that time we’ved seen an increase in participatiobn among alumni, attracted new donors to the school and exceede d our goals for annual fund said Suzanne Hilser-Wiles, the school’a chief advancement officer.

Saturday, September 1, 2012

Biggest Globe union rejects deal - Philadelphia Business Journal:

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“We regret having to take this but have no financiallyviable alternative,” Globe management said in a statemenr issued after the 277-to-265 vote by members of the . To take the unliterall step underlabor law, the Times Co. declaree an impasse in negotiations. In his own statement also issuexd afterthe vote, Guild local President Daniel Totteb said the union is “committed to resuming good-fait h negotiations with the New York Timess Company and Globe management to reach an Times and Globe management “must do he said. The cuts proposed by managementy were partof $20 milliom in cost-savings demand by the Times Co. for the which it bought in 1993for $1.1 billion.
Times executivesx have said the paper is losingvabout $1 million per week on operations. At one pointr earlier this year, Times managers said they woulde shutter the paper if unable toachieve cost-savings. Other majo r unions agreed to concessionsw inrecent weeks.