Climbing London's O2 Center Huffington Post It could be London's equivalent of climbing the Sydney Harbour Bridge â€" scaling the top of the giant dome that houses the O2 entertainment center and hosts some Olympic competitions as well. But it takes work to get up to the aerial walkway â€" the ... |
Monday, July 30, 2012
Climbing London's O2 Center - Huffington Post
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Sunday, July 29, 2012
Paulson to testify on BofA-Merrill deal - Charlotte Business Journal:
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media outlets report. The committee is investigating thefederakl government’s role in BofA’s deal for the troubled brokerage early this year. Last Federal Reserve Chairman Ben Bernanke told the Housr Committee on Oversight and Government Reforjmhe didn’t pressure BofA Chief Executive Kenneth Lewis into buyingt Merrill. In addition, he says the Fed “actecd with highest integrity” on the BofA-Merrill deal. Charlotte-based BofA bought Merrill on Jan. 1 for $29.q1 billion. The purchase resultedc in BofA’s receiving an additionakl $20 billion in federal funds underr the Troubled AssetRelief Program. BofA has received a totap of $45 billion in TARP funds.
Threr weeks ago, Lewis testified to the same He told lawmakers he considered backing out of the deal in Decembetr but felt pressure from Bernankand then-Treasury Secretary Paulsonn to move forward for the benefirt of both companies and the economy. Durinf that hearing, documents from Fed officials indicateed Lewis may have been threatened with losinv his job if he backed out and then needex morefederal aid. Bernanke on Thursdayu testified he neverthreatened Lewis. he said he explained to Lewis that damage from backing out of the Merrilp deal could wreak on theeconomy and, in BofA. “I never said I’d replace the board and at BofA, Bernanke said.
“It was always his decision to make, and he understoodd that.” Lewis has been under intense pressurse from BofA shareholders for not disclosing the depthof Merrill’sx financial difficulties before the Merrill lost $15.3 billionb in the fourth
media outlets report. The committee is investigating thefederakl government’s role in BofA’s deal for the troubled brokerage early this year. Last Federal Reserve Chairman Ben Bernanke told the Housr Committee on Oversight and Government Reforjmhe didn’t pressure BofA Chief Executive Kenneth Lewis into buyingt Merrill. In addition, he says the Fed “actecd with highest integrity” on the BofA-Merrill deal. Charlotte-based BofA bought Merrill on Jan. 1 for $29.q1 billion. The purchase resultedc in BofA’s receiving an additionakl $20 billion in federal funds underr the Troubled AssetRelief Program. BofA has received a totap of $45 billion in TARP funds.
Threr weeks ago, Lewis testified to the same He told lawmakers he considered backing out of the deal in Decembetr but felt pressure from Bernankand then-Treasury Secretary Paulsonn to move forward for the benefirt of both companies and the economy. Durinf that hearing, documents from Fed officials indicateed Lewis may have been threatened with losinv his job if he backed out and then needex morefederal aid. Bernanke on Thursdayu testified he neverthreatened Lewis. he said he explained to Lewis that damage from backing out of the Merrilp deal could wreak on theeconomy and, in BofA. “I never said I’d replace the board and at BofA, Bernanke said.
“It was always his decision to make, and he understoodd that.” Lewis has been under intense pressurse from BofA shareholders for not disclosing the depthof Merrill’sx financial difficulties before the Merrill lost $15.3 billionb in the fourth
Friday, July 27, 2012
Fido hops on the LTE bandwagon, gives Canadians frugal 4G this summer - Engadget
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MobileSyrup.com | Fido hops on the LTE bandwagon, gives Canadians frugal 4G this summer Engadget TORONTO, July 26, 2012 /CNW/ - Fido announced today that LTE service will be unleashed this summer, giving customers the speed of an enhanced network service across major markets in Canada, including in the cities and surrounding areas of ... Canada's Fido launching its LTE network this summer Fido going live with LTE this Summer Fido rolling out LTE network this summer |
Wednesday, July 25, 2012
Star Tribune plans to exit bankruptcy in September - Philadelphia Business Journal:
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The newspaper, which declared bankruptcy Jan. 15, filedx its proposed reorganization plan withthe U.S. Bankruptcy Courty for the Southern District of New York on The paper said its creditors have agreed to the Underthe plan, the Star Tribunr would emerge from bankruptcy with $100 millionm in debt. The company would be wortg between $118 million and $144 million, including its real estate Unsecured creditors will receive a smallp cash distribution or be converted into new common stoci and warrants to be issued by the reorganized The newspaper’s current ownership led by New York-based , will not receiver a stake in the new company. Avista bought the papetr in 2007for $530 million.
Chairman and Publisher Chris Harte, a member of Avista Capital executiveadvisory board, will leave the newspaper, which will get a new boarrd of directors, publisher and CEO. “Thde Star Tribune expects to emerge from its financial restructurinf as a financiallyviable business, with a strongedr balance sheet, significantly less debt and substantially reduced operating the newspaper said in a
The newspaper, which declared bankruptcy Jan. 15, filedx its proposed reorganization plan withthe U.S. Bankruptcy Courty for the Southern District of New York on The paper said its creditors have agreed to the Underthe plan, the Star Tribunr would emerge from bankruptcy with $100 millionm in debt. The company would be wortg between $118 million and $144 million, including its real estate Unsecured creditors will receive a smallp cash distribution or be converted into new common stoci and warrants to be issued by the reorganized The newspaper’s current ownership led by New York-based , will not receiver a stake in the new company. Avista bought the papetr in 2007for $530 million.
Chairman and Publisher Chris Harte, a member of Avista Capital executiveadvisory board, will leave the newspaper, which will get a new boarrd of directors, publisher and CEO. “Thde Star Tribune expects to emerge from its financial restructurinf as a financiallyviable business, with a strongedr balance sheet, significantly less debt and substantially reduced operating the newspaper said in a
Monday, July 23, 2012
Cox Communications ups speed for residential broadband customers - Phoenix Business Journal:
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The new 25 megabit-per-second speed costws about $79.99 a month, and requires a new modem to take advantagew of a newdownloading protocol. “Our customerds tell us that speed is one of the most importangt factors in their choice and Cox Arizona is committef to enhancing our network so we can brinb our customersthe fastest, most reliable said Janet West, vice president of marketing and salees for Cox Arizona. Upload speeds are capable of reaching 2 megabitsaper second, about 200 percent faste r than previous speeds. The service is available to residential userxs everywherein Cox’s Phoenix territory except Wickenburb and Queen Creek.
The move also puts the cable carriert slightly faster than rival Qwest CommunicationsInternational Inc., whichu offers download speeds of up to 20 megabits per The two companies have been upgradinyg their systems during the past year, in the processd leap-froging each other for top
The new 25 megabit-per-second speed costws about $79.99 a month, and requires a new modem to take advantagew of a newdownloading protocol. “Our customerds tell us that speed is one of the most importangt factors in their choice and Cox Arizona is committef to enhancing our network so we can brinb our customersthe fastest, most reliable said Janet West, vice president of marketing and salees for Cox Arizona. Upload speeds are capable of reaching 2 megabitsaper second, about 200 percent faste r than previous speeds. The service is available to residential userxs everywherein Cox’s Phoenix territory except Wickenburb and Queen Creek.
The move also puts the cable carriert slightly faster than rival Qwest CommunicationsInternational Inc., whichu offers download speeds of up to 20 megabits per The two companies have been upgradinyg their systems during the past year, in the processd leap-froging each other for top
Sunday, July 22, 2012
Heart drug from Nuvelo buyer rejected - San Francisco Business Times:
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said the FDA asked the compang to do additional clinical studiez on itslead Gencaro. In saying that Gencaro didn’t prove it was the FDA also questioned the integrityof Arca’sd trial data based on an audit of some clinicalp trial sites. The FDA, however, said it had not reviewed several amendmentd that Arca filed in May to its new drug Gencaro — the centerpiece of a reverse mergee in January between Arca and Nuveloo — had been shelved by BMY) in 1999 after it didn’t show a significant statistical difference compared to a placebo.
Yet researchers latef discovered that some of the trial enrolleeswere hyper-responsivw to the drug due to common genetic Arca said it and had developed an accompanying genetic test to weed out patient who had that response. The revers merger with Nuvelo, which itselfv had stalled afterits clot-buster drug alfimeprase failed a late-stagse clinical trial in December 2006, made Arca publiclyu traded. The deal also gave Arca accessdto Nuvelo’s remaining Arca (NASDAQ: ABIO), based in Broomfield, Colo., nortgh of Denver, is led by Presidenr and CEO Richard Brewer, a Santa Cruz resident and former chief of Fremont’s Scios Inc.
Scios and its ill-fated heart failure drug Natrecor were sold six yearas ago tofor $2.3 billion.
said the FDA asked the compang to do additional clinical studiez on itslead Gencaro. In saying that Gencaro didn’t prove it was the FDA also questioned the integrityof Arca’sd trial data based on an audit of some clinicalp trial sites. The FDA, however, said it had not reviewed several amendmentd that Arca filed in May to its new drug Gencaro — the centerpiece of a reverse mergee in January between Arca and Nuveloo — had been shelved by BMY) in 1999 after it didn’t show a significant statistical difference compared to a placebo.
Yet researchers latef discovered that some of the trial enrolleeswere hyper-responsivw to the drug due to common genetic Arca said it and had developed an accompanying genetic test to weed out patient who had that response. The revers merger with Nuvelo, which itselfv had stalled afterits clot-buster drug alfimeprase failed a late-stagse clinical trial in December 2006, made Arca publiclyu traded. The deal also gave Arca accessdto Nuvelo’s remaining Arca (NASDAQ: ABIO), based in Broomfield, Colo., nortgh of Denver, is led by Presidenr and CEO Richard Brewer, a Santa Cruz resident and former chief of Fremont’s Scios Inc.
Scios and its ill-fated heart failure drug Natrecor were sold six yearas ago tofor $2.3 billion.
Friday, July 20, 2012
CBRE closes door on Trammell Crow S.F. office - San Francisco Business Times:
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Trammell Crow Co. will shut down its San Francisco offices at the end ofthe year. The subsidiary of CB Richardf Ellis would not specify the numbed of employeeslet go, but sources at the parenrt company put the number at five. “Wre maintain a strong presence in California and are committec to delivering valuefor investors, tenants and communitiex throughout the state,” said John Stirek, presiden t of western operations for the Trammell Crow Co. In 2006 CBRE bought Trammell Crow Co. for $2.2 Most of Trammell Crow was absorbeeinto CBRE’s operations, but its development and investment businesa retained the Trammell Crow Co.
brand name and is run as a whollu owned but independently operated The layoffs are the latest in a steadyy roster of real estate job losses hittingh San Francisco inrecent months. The Business Times reported Dec. 12 that AMB had laid off 100 Other real estate companies slashing San Franciscpo workers includeReal Estate, RREEF, Stockbridge Real Estatre Funds, Wilson Meany Sullivan, , Grosvenor and Column is warming up the wrecking ball. The San Franciscok Planning Commission gave the developer theOK Dec. 18 to begij demolition at the old SchlageLock Co. factoruy in Visitacion Valley, a 12.
6-acre site that is part of a largert redevelopment project that could eventually feature 1,600 new homes, 132,000 square feet of retail spacee and three new parks. A grocery store will be part of the On Jan. 6 the Redevelopmengt Agency is scheduled to vote on whether to turn the area into a designatexredevelopment zone, the next step in the city’s long frustratex efforts to bring new life to the industrial propertyu that is surrounded by one of the city’z most under-served enclaves.
Universal Paragohn also owns the former rail yarde adjacent to the Schlage Lock Alameda County signeda five-year lease for 18,0090 square feet at 675 Hegenberger Road in The county will use the space to housse its Independent Living Skills Program, which helpsw youth move out of foster care or juvenilee justice systems. The program is moving from a building on International Boulevard that Bridge Housing is convertinvg intothe St. Joseph’s 154-unit senior living The Hegenberger buildingencompasses 75,000 square feet with space for offices and medical facilities.
The county program will take up most of the firsrt floor ofthe building, whicyh is now 93 percent Another major tenant is East Bay Works, a public-privates partnership that helps job seekersa in Alameda and Contra Costa Tom Gregoire and Larrt Westland of in Oakland represented the tenant and the landlord, which is 675 Hegenberger Road Partners LLC. Deal making slows, but still active in certainn areas Activity among commercial properties may have slowefd down in theEast Bay, but significant dealse are still happening. AVP Technology bought a 32,000-square-foo t facility at 4140 Business Center Drive in Fremontfor $3.7 millio from Geery Trust.
The company, a maker of equipmenrt for high-tech industries, plans to move from San Jose. Rick Bell of ’sz Santa Clara office represented the seller and Carloas Lorente of GVA Kidderf Matthews new SantaClara office. Intarciza Therapeutics leased 17,780 square feet of industrial space at 24600 Industrial in Haywardfrom BMR-Bridgeview Technology Park. Jay Phillips of Cornish & Carey’sx Client Solutions Group and Rand y Scott in its Palo Alto officerepresentedf Intarcia. Paramount Construction Services Inc. leased 31,1054 square feet of industrial spaced at 23271Eichler St.
in Hayward from Hayward Industrial Park Joe Fabian inCornish Carey’s Hayward office represented the lessor. leasesd 10,640 square feet of office space at 390 Northh Wiget Lane in Walnut Creej from HDPFamily Partnership. Vicku DeYoung, Charlotte Quinn and Tom Fehr inCornish Carey’s Walnut Creek office represented the landlord. Robert Siska bough a 27,975-square-foot R&D building at 1005 Atlantifc Ave. in Alameda from . Bill Biller Banker, Dan Pivnick and William Purcell in the Oakland offices representedthe buyer. Michael Leggett, Gerry Rohm and Chri s Pawlik inCornish & Carey’s San Franciscl office represented Legacy Los Gatos Cable Connection Inc.
leased 31,745 square feet of R&s space at 1035 Mission Court in Fremont from Mission Court Properties. Steve Kapp and Michael Spirk inCornish & Carey’s Hayward officed represented the lessor. E-Communications leases 16,324 square feet of R&D spacer at 1045 Mission Court in Fremont from Mission Court Michael Spiro and Steve Kapp inCornishn & Carey’s Hayward office representer both parties.
Trammell Crow Co. will shut down its San Francisco offices at the end ofthe year. The subsidiary of CB Richardf Ellis would not specify the numbed of employeeslet go, but sources at the parenrt company put the number at five. “Wre maintain a strong presence in California and are committec to delivering valuefor investors, tenants and communitiex throughout the state,” said John Stirek, presiden t of western operations for the Trammell Crow Co. In 2006 CBRE bought Trammell Crow Co. for $2.2 Most of Trammell Crow was absorbeeinto CBRE’s operations, but its development and investment businesa retained the Trammell Crow Co.
brand name and is run as a whollu owned but independently operated The layoffs are the latest in a steadyy roster of real estate job losses hittingh San Francisco inrecent months. The Business Times reported Dec. 12 that AMB had laid off 100 Other real estate companies slashing San Franciscpo workers includeReal Estate, RREEF, Stockbridge Real Estatre Funds, Wilson Meany Sullivan, , Grosvenor and Column is warming up the wrecking ball. The San Franciscok Planning Commission gave the developer theOK Dec. 18 to begij demolition at the old SchlageLock Co. factoruy in Visitacion Valley, a 12.
6-acre site that is part of a largert redevelopment project that could eventually feature 1,600 new homes, 132,000 square feet of retail spacee and three new parks. A grocery store will be part of the On Jan. 6 the Redevelopmengt Agency is scheduled to vote on whether to turn the area into a designatexredevelopment zone, the next step in the city’s long frustratex efforts to bring new life to the industrial propertyu that is surrounded by one of the city’z most under-served enclaves.
Universal Paragohn also owns the former rail yarde adjacent to the Schlage Lock Alameda County signeda five-year lease for 18,0090 square feet at 675 Hegenberger Road in The county will use the space to housse its Independent Living Skills Program, which helpsw youth move out of foster care or juvenilee justice systems. The program is moving from a building on International Boulevard that Bridge Housing is convertinvg intothe St. Joseph’s 154-unit senior living The Hegenberger buildingencompasses 75,000 square feet with space for offices and medical facilities.
The county program will take up most of the firsrt floor ofthe building, whicyh is now 93 percent Another major tenant is East Bay Works, a public-privates partnership that helps job seekersa in Alameda and Contra Costa Tom Gregoire and Larrt Westland of in Oakland represented the tenant and the landlord, which is 675 Hegenberger Road Partners LLC. Deal making slows, but still active in certainn areas Activity among commercial properties may have slowefd down in theEast Bay, but significant dealse are still happening. AVP Technology bought a 32,000-square-foo t facility at 4140 Business Center Drive in Fremontfor $3.7 millio from Geery Trust.
The company, a maker of equipmenrt for high-tech industries, plans to move from San Jose. Rick Bell of ’sz Santa Clara office represented the seller and Carloas Lorente of GVA Kidderf Matthews new SantaClara office. Intarciza Therapeutics leased 17,780 square feet of industrial space at 24600 Industrial in Haywardfrom BMR-Bridgeview Technology Park. Jay Phillips of Cornish & Carey’sx Client Solutions Group and Rand y Scott in its Palo Alto officerepresentedf Intarcia. Paramount Construction Services Inc. leased 31,1054 square feet of industrial spaced at 23271Eichler St.
in Hayward from Hayward Industrial Park Joe Fabian inCornish Carey’s Hayward office represented the lessor. leasesd 10,640 square feet of office space at 390 Northh Wiget Lane in Walnut Creej from HDPFamily Partnership. Vicku DeYoung, Charlotte Quinn and Tom Fehr inCornish Carey’s Walnut Creek office represented the landlord. Robert Siska bough a 27,975-square-foot R&D building at 1005 Atlantifc Ave. in Alameda from . Bill Biller Banker, Dan Pivnick and William Purcell in the Oakland offices representedthe buyer. Michael Leggett, Gerry Rohm and Chri s Pawlik inCornish & Carey’s San Franciscl office represented Legacy Los Gatos Cable Connection Inc.
leased 31,745 square feet of R&s space at 1035 Mission Court in Fremont from Mission Court Properties. Steve Kapp and Michael Spirk inCornish & Carey’s Hayward officed represented the lessor. E-Communications leases 16,324 square feet of R&D spacer at 1045 Mission Court in Fremont from Mission Court Michael Spiro and Steve Kapp inCornishn & Carey’s Hayward office representer both parties.
Thursday, July 19, 2012
Four utilities partner on major solar project - New Mexico Business Weekly:
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, , the and together issued a reques for proposals to find developers for the construction of a solarf parabolic trough generation facility to providwe solar electricity to each of the utilities by according to a release issued late The requirements in the RFP include locating the plant inNew Mexico, storage of thermal energyg generated through solar parabolic trough technologg and the ability to delived between 211,000 and 375,000 megawatt-hours per That's enough to power between 29,000 and 52,000 averagee New Mexico homes. (A "megawatt means one megawatt acting over a periocd ofone hour.
A megawatt measures the capacityy of an electric generator and a megawatt hour measures the actuapl amount of electricity it produces over a certain periodof time.) The RFP came out of a feasibility study commissioned by the utilities last year and conductes by the Electric Power Research Institute. It foundd that the most feasible solar technology currently availablse fora large-scale New Mexico plant is the parabolic Solar trough technology relies on curved parabolicx mirrors lined up in rows. The mirrord concentrate heat onto oil-filled tubes, which then generatr steam.
That turns a generator and produces If the technology is combinex withthermal storage, the systems can even generate electricity at night and during cloudy periods. If a viable projec emerges from theRFP process, utility partners expect to have a contracg negotiated by the end of 2008 and a projecf could come online by the end of 2011. A mandatde from the Public Regulation Commission requires utilitie s to derive at least 20 percent of their renewabled energy from solarby 2011. The state'sa renewable portfolio standard requires utilities to derivwe 20 percent of their electricity from clea sourcesby 2020.
Rural cooperatives must derivew at least 10 percent of their electricity from cleanj energy sourcesby 2020. El Paso Electric (NYSE: EE) is a regionall electric utilityproviding generation, transmission and distributiohn service to 357,000 retailk and wholesale customers in west Texas and southern New Mexico. Xcel Energy (NYSE: XEL) is a large electricity and natural gas companyh operating in eight Westerm and Midwestern stateswith 3.3 million electricity customers and 1.8 million natural gas customers.
PNM is a subsidiary of (NYSE: PNM), an energh holding company based in It provides electric utility serviceto 487,000 customers and natural gas service to 492,000 customers in New It also sells power on the wholesald market. Tri-State Generation & Transmission is basesd in Denver and is the wholesale supplier to 12 membeer electric cooperatives inNew Mexico, 18 in eight in Wyoming and six in Nebraska, which in turn provide electricityh to about 1.4 million consumers.
, , the and together issued a reques for proposals to find developers for the construction of a solarf parabolic trough generation facility to providwe solar electricity to each of the utilities by according to a release issued late The requirements in the RFP include locating the plant inNew Mexico, storage of thermal energyg generated through solar parabolic trough technologg and the ability to delived between 211,000 and 375,000 megawatt-hours per That's enough to power between 29,000 and 52,000 averagee New Mexico homes. (A "megawatt means one megawatt acting over a periocd ofone hour.
A megawatt measures the capacityy of an electric generator and a megawatt hour measures the actuapl amount of electricity it produces over a certain periodof time.) The RFP came out of a feasibility study commissioned by the utilities last year and conductes by the Electric Power Research Institute. It foundd that the most feasible solar technology currently availablse fora large-scale New Mexico plant is the parabolic Solar trough technology relies on curved parabolicx mirrors lined up in rows. The mirrord concentrate heat onto oil-filled tubes, which then generatr steam.
That turns a generator and produces If the technology is combinex withthermal storage, the systems can even generate electricity at night and during cloudy periods. If a viable projec emerges from theRFP process, utility partners expect to have a contracg negotiated by the end of 2008 and a projecf could come online by the end of 2011. A mandatde from the Public Regulation Commission requires utilitie s to derive at least 20 percent of their renewabled energy from solarby 2011. The state'sa renewable portfolio standard requires utilities to derivwe 20 percent of their electricity from clea sourcesby 2020.
Rural cooperatives must derivew at least 10 percent of their electricity from cleanj energy sourcesby 2020. El Paso Electric (NYSE: EE) is a regionall electric utilityproviding generation, transmission and distributiohn service to 357,000 retailk and wholesale customers in west Texas and southern New Mexico. Xcel Energy (NYSE: XEL) is a large electricity and natural gas companyh operating in eight Westerm and Midwestern stateswith 3.3 million electricity customers and 1.8 million natural gas customers.
PNM is a subsidiary of (NYSE: PNM), an energh holding company based in It provides electric utility serviceto 487,000 customers and natural gas service to 492,000 customers in New It also sells power on the wholesald market. Tri-State Generation & Transmission is basesd in Denver and is the wholesale supplier to 12 membeer electric cooperatives inNew Mexico, 18 in eight in Wyoming and six in Nebraska, which in turn provide electricityh to about 1.4 million consumers.
Wednesday, July 18, 2012
Date set for Allmendinger's 2nd drug test - Fox News
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Date set for Allmendinger's 2nd drug test Fox News It's scheduled to take place at the Aegis Analytical Laboratories in Nashville, Tenn. Allmendinger was suspended hours before the July 7 race at Daytona for failing a random drug test taken at the end of June. He has said he tested positive for a ... |
Monday, July 16, 2012
Shareholders Have Hammer to Smash Too-Big-to-Fail Banks - Bloomberg
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Shareholders Have Hammer to Smash Too-Big-to-Fail Banks Bloomberg Ever since the financial crisis began, the U.S. has struggled to address the problem of banks that are deemed too big to fail, those that would need a government bailout if they were about to collapse because they might take down the economy. |
Sunday, July 15, 2012
Centocor exploring end to Remicade distribution deal with Schering-Plough - Puget Sound Business Journal (Seattle):
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The distribution agreement covers sales in foreigh marketsof Centocor’s Remicade rheumatoid arthritis therapy and its recently approve d arthritis drug Simponi. Remicade generated sales of $2.8 billion last year for of Horsham, Pa. Centocor is a subsidiary of ofNew Brunswick, N.J. Schering-Plough (NYSE:SGP) posted revenue of more than $2 billiohn from Remicade saleslast year. The agreement allows Centocor to terminate the deal if therwe isa “change in control” in the governance of Merck and Schering-Plough attempted to structuree their deal as a reverse merger to avoid that from Centocor’s request for arbitration was disclosed in a filing by Schering-Plougyh to the Securities & Exchange Commission relatedx to the proposed merger.
In the filing, Merck (NYSE:MRK) and Schering-Plough said they will “vigorouslg contest” any Centocor effort to end thedistribution
The distribution agreement covers sales in foreigh marketsof Centocor’s Remicade rheumatoid arthritis therapy and its recently approve d arthritis drug Simponi. Remicade generated sales of $2.8 billion last year for of Horsham, Pa. Centocor is a subsidiary of ofNew Brunswick, N.J. Schering-Plough (NYSE:SGP) posted revenue of more than $2 billiohn from Remicade saleslast year. The agreement allows Centocor to terminate the deal if therwe isa “change in control” in the governance of Merck and Schering-Plough attempted to structuree their deal as a reverse merger to avoid that from Centocor’s request for arbitration was disclosed in a filing by Schering-Plougyh to the Securities & Exchange Commission relatedx to the proposed merger.
In the filing, Merck (NYSE:MRK) and Schering-Plough said they will “vigorouslg contest” any Centocor effort to end thedistribution
Friday, July 13, 2012
Broadway renews Matrix, MultiPlan leases - Dayton Business Journal:
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The private real estate investment and managementf firm is renegotiating leases with tenantx at the same time it is trying to clear up debt issuees withits lender. Broadway, whicy lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that matureas this month. The financinv in question is secured byseverao properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionse with lenders to renegotiate the terms ofthe loan.
Broadwayu was given an extension on the which was due earlierthis month, accordingb to a source with knowledge of the However, the landlord renewed MultiPlan which leases 105,062 square and Matrix Partners, which leasew 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partners representedf Broadway Partners and Matrix in the lease Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largee portfolioof assets. The four-building complex offics park sits ona 58-acre site overlooking Route 128.
The private real estate investment and managementf firm is renegotiating leases with tenantx at the same time it is trying to clear up debt issuees withits lender. Broadway, whicy lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that matureas this month. The financinv in question is secured byseverao properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionse with lenders to renegotiate the terms ofthe loan.
Broadwayu was given an extension on the which was due earlierthis month, accordingb to a source with knowledge of the However, the landlord renewed MultiPlan which leases 105,062 square and Matrix Partners, which leasew 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partners representedf Broadway Partners and Matrix in the lease Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largee portfolioof assets. The four-building complex offics park sits ona 58-acre site overlooking Route 128.
Thursday, July 12, 2012
Sysco meets analyst forecasts - Houston Business Journal:
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million, or 38 cents per share, for the 13-week period ended March 28, 2009. That comparerd with net earningsof $240.9 million, or 40 cents per for the same period ended Marcgh 29, 2009. Sales were down nearlhy 5 percent for the quarterto $8.7 billiob from $9.1 billion in the third quarter of 2008. Analysts polled by Thomsonb Reuters expectedSysco (NYSE: SYY) to have net earnings per shared of 38 cents. “We are pleased to have grow operating income during the first nine months of fiscal Bill DeLaney, chief executiv e officer, said in a statement.
“Oufr third-quarter results reflect the increasingly difficult market environment that has developed as our fiscal yearhas Nevertheless, we are encouraged by our operating ongoing ability to provide excellent customer servic while managing costs effectively.’’
million, or 38 cents per share, for the 13-week period ended March 28, 2009. That comparerd with net earningsof $240.9 million, or 40 cents per for the same period ended Marcgh 29, 2009. Sales were down nearlhy 5 percent for the quarterto $8.7 billiob from $9.1 billion in the third quarter of 2008. Analysts polled by Thomsonb Reuters expectedSysco (NYSE: SYY) to have net earnings per shared of 38 cents. “We are pleased to have grow operating income during the first nine months of fiscal Bill DeLaney, chief executiv e officer, said in a statement.
“Oufr third-quarter results reflect the increasingly difficult market environment that has developed as our fiscal yearhas Nevertheless, we are encouraged by our operating ongoing ability to provide excellent customer servic while managing costs effectively.’’
Wednesday, July 11, 2012
Real deals: Airways Business Center sells for $7.27M - Baltimore Business Journal:
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County records show that the building, located at 2460 Airport Blvd., includews 162,000 square feet of space and was completedin 2007. The buyeer is El Prado Inn LLC ofSanta Calif. The four sellers are led by Pacificas Commercial RealEstate Group, also of Santsa Barbara, as Pacifica Airways II LLC. Pacifica’s portion of the sales priced was $4.75 million. The three other sellerw were California entities located in Los Angeles and Santa which each sold its part of the propertyfor $843,300. The partners acquired the warehouser in 2008for $8.56 million from Principalp Development Investors LLC of Des Moines, • 2305 Tremont Place, Denver 80205 Focus Investments Ltd.
of Denvee has sold this retail building at Tremont and Park Avenue Westfor $1 milliohn to Tremont Holdings LLC of Broomfield, according to Broomfieldd County real estate records. 3800 S. Federal Blvd., Englewood 80110 — A company affiliated with Denver developer Evan Makovskyu of Shames MakovskyRealty Co. has purchaser property in Englewood for according to Arapahoe County realestater records. The seller was First Nationakl Bank. • The Carillon at Boulder Boulder — Developer MGL Partners LLC of Denverf recently closeda $41. 1 million construction loan forthis 117-unit, senior-livin g project currently under construction.
The loan is part of the FederalkHousing Administration’s (FHA) 232 loan program, and was originated by AmeriSpheres Financial LLC and purchased by Evanston Financial Corp. The Carillon is scheduledx to be completed by late summeeof 2010. Its operating partner is One Eighty LLCof • Shops at Walnut U.S. Highway 36 and Church Ranch Boulevard, Westminster — Pine Tree Commercia l Realty LLCof Illinois, owner of this new shoppin g center, welcomed three new tenants in April — Dollar Tree (10,000 squarew feet), Famous Footwear (7,200 square feet) and Pacificx Dental (3,000 square feet). • 3455 Ringsby Court, Denver 80216 — Pilatez Aligned Inc.
has opened its new locatio n at ZeppelinDevelopment Inc.’zs mixed-use Taxi project in the River Northn Neighborhood. The Pilates exercisw studio’s first location is at 1110 Acoma St. in the Goldenb Triangle. • DecorAsian, 1787 S. Broadway, Denver 80210 This store recently opened in the old ChaierKing location. Owner Rusty Stafcf bought the building from Brownell Bailehy in Februaryfor $1.25 according to Denver Countu property records.
County records show that the building, located at 2460 Airport Blvd., includews 162,000 square feet of space and was completedin 2007. The buyeer is El Prado Inn LLC ofSanta Calif. The four sellers are led by Pacificas Commercial RealEstate Group, also of Santsa Barbara, as Pacifica Airways II LLC. Pacifica’s portion of the sales priced was $4.75 million. The three other sellerw were California entities located in Los Angeles and Santa which each sold its part of the propertyfor $843,300. The partners acquired the warehouser in 2008for $8.56 million from Principalp Development Investors LLC of Des Moines, • 2305 Tremont Place, Denver 80205 Focus Investments Ltd.
of Denvee has sold this retail building at Tremont and Park Avenue Westfor $1 milliohn to Tremont Holdings LLC of Broomfield, according to Broomfieldd County real estate records. 3800 S. Federal Blvd., Englewood 80110 — A company affiliated with Denver developer Evan Makovskyu of Shames MakovskyRealty Co. has purchaser property in Englewood for according to Arapahoe County realestater records. The seller was First Nationakl Bank. • The Carillon at Boulder Boulder — Developer MGL Partners LLC of Denverf recently closeda $41. 1 million construction loan forthis 117-unit, senior-livin g project currently under construction.
The loan is part of the FederalkHousing Administration’s (FHA) 232 loan program, and was originated by AmeriSpheres Financial LLC and purchased by Evanston Financial Corp. The Carillon is scheduledx to be completed by late summeeof 2010. Its operating partner is One Eighty LLCof • Shops at Walnut U.S. Highway 36 and Church Ranch Boulevard, Westminster — Pine Tree Commercia l Realty LLCof Illinois, owner of this new shoppin g center, welcomed three new tenants in April — Dollar Tree (10,000 squarew feet), Famous Footwear (7,200 square feet) and Pacificx Dental (3,000 square feet). • 3455 Ringsby Court, Denver 80216 — Pilatez Aligned Inc.
has opened its new locatio n at ZeppelinDevelopment Inc.’zs mixed-use Taxi project in the River Northn Neighborhood. The Pilates exercisw studio’s first location is at 1110 Acoma St. in the Goldenb Triangle. • DecorAsian, 1787 S. Broadway, Denver 80210 This store recently opened in the old ChaierKing location. Owner Rusty Stafcf bought the building from Brownell Bailehy in Februaryfor $1.25 according to Denver Countu property records.
Monday, July 9, 2012
'Dog' Chapman hit with $1.8M IRS tax lien - Denver Business Journal:
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The Honolulu-based TV bounty hunter and his wifeAlicee E. Smith, known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 according to a federal tax lien recordecd May 19 by the Hawaii Bureau of The liens come five months after were filesd in Hawaii against the Chapmans for unpaid taxesa from 2002through 2005. The Chapmans’ Los Angeles-based Dennis Duban, told PBN in Februaryt that some of the federal tax bills had already been paid and blamexd a lag between the time of paymentr and the release of the But according to records on file with the Bureauof Conveyances, none of the liensd filed in January have been released.
Duban was out of the offic this week and was not availablefor comment. who owns Da Kine Bail Bonds on Queen Emma Stree and lives inHawaii Kai, stars in the A&d program “Dog the Bounty Hunter.” In 2006, the IRS filedf liens against Chapman for almost $200,000 in 2004 income but in early 2007 Duban said thosw tax bills had been paid. The IRS had previously filec liens against him for unpaid 1993 and1994
The Honolulu-based TV bounty hunter and his wifeAlicee E. Smith, known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 according to a federal tax lien recordecd May 19 by the Hawaii Bureau of The liens come five months after were filesd in Hawaii against the Chapmans for unpaid taxesa from 2002through 2005. The Chapmans’ Los Angeles-based Dennis Duban, told PBN in Februaryt that some of the federal tax bills had already been paid and blamexd a lag between the time of paymentr and the release of the But according to records on file with the Bureauof Conveyances, none of the liensd filed in January have been released.
Duban was out of the offic this week and was not availablefor comment. who owns Da Kine Bail Bonds on Queen Emma Stree and lives inHawaii Kai, stars in the A&d program “Dog the Bounty Hunter.” In 2006, the IRS filedf liens against Chapman for almost $200,000 in 2004 income but in early 2007 Duban said thosw tax bills had been paid. The IRS had previously filec liens against him for unpaid 1993 and1994
Sunday, July 8, 2012
Sales of imported ros wines leap 42 percent - Houston Business Journal:
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U.S. retail sales of imported rosé winews leapt 42 percent in the 52 week period endingApril 4, compared with a less-than-5-percenyt increases in total saless of table wines during the same period, accordinyg to data cited by the . The French wine known in France as Conseil Interprofessionnel des Vins de Provencedor CIVP, said Monday the steep rise in rosé consumptiobn is consistent with an earlier studyh by International Wine & Spirit Record predictingb that consumption of the popular pinkisgh wines worldwide will jump from 565 million bottles to 620 million by 2012. Not surprisingly, the CIVP expects the growingy thirst for imported wines inthe U.S.
market will bode well for particularly its Provence wine The French produce 28 percent ofworldwidee rosé wines by volume, making it the leadere in the category, according to the wine counsel, whichj represents 700 Provence wineriesw and 55 local trading companies. Provence producew 38 percent of France’s rosés, the group Separately, Nielsen figures revealed that2008 U.S. salexs of rosé table winea priced at $6 per bottle or more jumpedf 24.9 percent by price and 22.4 percent by despite a weakening economy.
U.S. retail sales of imported rosé winews leapt 42 percent in the 52 week period endingApril 4, compared with a less-than-5-percenyt increases in total saless of table wines during the same period, accordinyg to data cited by the . The French wine known in France as Conseil Interprofessionnel des Vins de Provencedor CIVP, said Monday the steep rise in rosé consumptiobn is consistent with an earlier studyh by International Wine & Spirit Record predictingb that consumption of the popular pinkisgh wines worldwide will jump from 565 million bottles to 620 million by 2012. Not surprisingly, the CIVP expects the growingy thirst for imported wines inthe U.S.
market will bode well for particularly its Provence wine The French produce 28 percent ofworldwidee rosé wines by volume, making it the leadere in the category, according to the wine counsel, whichj represents 700 Provence wineriesw and 55 local trading companies. Provence producew 38 percent of France’s rosés, the group Separately, Nielsen figures revealed that2008 U.S. salexs of rosé table winea priced at $6 per bottle or more jumpedf 24.9 percent by price and 22.4 percent by despite a weakening economy.
Friday, July 6, 2012
Mark McGovern reveals the horrific aftermath of assault in San Francisco GAA ... - IrishCentral
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Belfast Telegraph | Mark McGovern reveals the horrific aftermath of assault in San Francisco GAA ... IrishCentral Mark McGovern reveals the horrific aftermath of assault in San Francisco GAA match: A year after he was brut » |
Thursday, July 5, 2012
PAS Technologies promotes Spriggs to CTO - Kansas City Business Journal:
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Spriggs was vice president of product development of the privatelt held NorthKansas City-based company. He started with PAS predecessor company, , in 1996 as business unit manager of newproduct development, PAS said in a Thursday release. As CTO, he will oversee the company’w long-term technology strategy. “We’re doinv this because we feel that technology is the way to grow and satisfygour customers,” company spokeswoman Marsha Farmer said Friday. Spriggs has 35 yearsx of experience in operations and engineering assignmentsfor , , and , as well as independent consulting in the aviationn and power generation industries, PAS said. He has receiveds six U.S.
patents in his own name or as PAS Technologies specializes inproviding cost-effective repair and overhaulp services for the aerospace and industrial markets. It has about 600 employees, about 280 of whom work in the KansaCity area, Farmer said.
Spriggs was vice president of product development of the privatelt held NorthKansas City-based company. He started with PAS predecessor company, , in 1996 as business unit manager of newproduct development, PAS said in a Thursday release. As CTO, he will oversee the company’w long-term technology strategy. “We’re doinv this because we feel that technology is the way to grow and satisfygour customers,” company spokeswoman Marsha Farmer said Friday. Spriggs has 35 yearsx of experience in operations and engineering assignmentsfor , , and , as well as independent consulting in the aviationn and power generation industries, PAS said. He has receiveds six U.S.
patents in his own name or as PAS Technologies specializes inproviding cost-effective repair and overhaulp services for the aerospace and industrial markets. It has about 600 employees, about 280 of whom work in the KansaCity area, Farmer said.
Wednesday, July 4, 2012
WAPCOS derives its strength from its human resource - Hindustan Times
coras-newport.blogspot.com
WAPCOS derives its strength from its human resource Hindustan Times WAPCOS Limited is a "mini ratna" public sector enterprise under the Ministry of Water Resources. WAPCOS provides consultancy services in all facets of water resources, power and infrastructure sectors. Its chairman and managing director RK Gupta spoke ... |
Monday, July 2, 2012
I won't burden my kid's lives with the same mistakes my parents made - Seattle Post Intelligencer
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I won't burden my kid's lives with the same mistakes my parents made Seattle Post Intelligencer While I'm away, readers give the advice. On using privacy as a form of control: I lived in constant fear as a child that I was going to let slip one of our so-called "secrets" -- which I realize now were innocuous life details that no one but my ... |
Sunday, July 1, 2012
Williams-Sonoma looking to sublease 1.1 million square feet in Olive Branch, Miss. - Memphis Business Journal:
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million square feet at Olive BranchDistribution Center, addinhg distribution space to a Memphiss industrial market that has experienced negative absorption for the firsr time in years. The company is currently leasingg the space at11624 S. Distribution Cove, locatexd near the southwest corner of Statelineand Polk. It leasexs 4.3 million square feet total in Memphiss andOlive Branch. “Due to reduced inventory WSI (Williams-Sonoma, Inc.) currentlty has excess distribution capacity,” company spokesman Patricia Sellman said inan e-mailed response.
“To more efficiently serve our customers, certain distributiomn functions are being consolidated to other existing Our other operations in Olive Branch and in Memphis will notbe affected.” Williams-Sonoma will reducse distribution expenses by consolidatingy this particular operation into other distributionm facilities that currently have excess according to Sellman. “We expect that managers and hourlh associates will be assimilatef into our existing Olive Branch and Memphis she says.
In the company announced it was closingta 500,000-square-foot distribution facilitgy in Memphis, which was part of $75 million in cost reductions by the company that includes cutting 1,400 of its full-timee work force and closing a 38,000-square-foot call center in Camp Hill, Pa. Williams-Sonom a currently employs about 1,000 in Memphis and North “Williams-Sonoma, Inc., is very committes to the Memphis area,” Sellman says. “Thed company opened its first distributiohn center in Memphis a quarter of acenturh ago. Our plan is to continue to have a significant presencew inthe area.
” Olive Branch Distribution Centef comprises two buildings, an 800,000-square-foogt property at 10425 Ridgewoor Drive and the 1.1 milliobn square-foot property at 11624 S. Distribution is marketing thesublease space. The Williams-Sonomaw space joins another large sublease space in the DeSotoCountyy submarket. , a third-party logistics provider, is lookingb to sublease the 865,120-square-foot DeSoto Traded Center, Building Five. These properties could have an impacy on the Memphis industrial realestatee market’s supply because with most sublease landlords get a below-market deal, says Jim Mercer, executive vice president at .
However, it won’t have an impac on vacancy numbers because rent is stillbeingv paid. The overall Memphis market, which includes DeSoto County, had a 16.6% vacanc rate for first quarter 2009, comparerd to vacancy of 17.5% in the year-ago according to CB Richards EllisMarketView reports. The DeSoto County submarkeft hada 16.5% vacancy rate for the first down from 24.8% in first quartedr 2008. The availability rate, which includes sublease also dropped in DeSoto from 24.8% in first quarter 2008 to 20.8% in this year’w first quarter. The Williams-Sonoma and Kuehne + Nageol sublease spaces, paired with ’s decision last year to vacatwe 2.
2 million square feet of distribution spacde inSoutheast Memphis, shouldd further slow down any potential new industrial developmenft in the area. “When the market does turn, we’vde got enough space that we should be able to accommodatewmost users,” Mercer says. “This may prolong the time it takeds before a developer will build another spec The overall Memphis market experienced negative absorptionof 521,6676 square feet for the first quarter. This was after five straighrt quarters of positive absorptiob during anational downturn. Much of this negativew absorption is dueto Hewlett-Packarsd vacating 1.4 million square feet so far.
million square feet at Olive BranchDistribution Center, addinhg distribution space to a Memphiss industrial market that has experienced negative absorption for the firsr time in years. The company is currently leasingg the space at11624 S. Distribution Cove, locatexd near the southwest corner of Statelineand Polk. It leasexs 4.3 million square feet total in Memphiss andOlive Branch. “Due to reduced inventory WSI (Williams-Sonoma, Inc.) currentlty has excess distribution capacity,” company spokesman Patricia Sellman said inan e-mailed response.
“To more efficiently serve our customers, certain distributiomn functions are being consolidated to other existing Our other operations in Olive Branch and in Memphis will notbe affected.” Williams-Sonoma will reducse distribution expenses by consolidatingy this particular operation into other distributionm facilities that currently have excess according to Sellman. “We expect that managers and hourlh associates will be assimilatef into our existing Olive Branch and Memphis she says.
In the company announced it was closingta 500,000-square-foot distribution facilitgy in Memphis, which was part of $75 million in cost reductions by the company that includes cutting 1,400 of its full-timee work force and closing a 38,000-square-foot call center in Camp Hill, Pa. Williams-Sonom a currently employs about 1,000 in Memphis and North “Williams-Sonoma, Inc., is very committes to the Memphis area,” Sellman says. “Thed company opened its first distributiohn center in Memphis a quarter of acenturh ago. Our plan is to continue to have a significant presencew inthe area.
” Olive Branch Distribution Centef comprises two buildings, an 800,000-square-foogt property at 10425 Ridgewoor Drive and the 1.1 milliobn square-foot property at 11624 S. Distribution is marketing thesublease space. The Williams-Sonomaw space joins another large sublease space in the DeSotoCountyy submarket. , a third-party logistics provider, is lookingb to sublease the 865,120-square-foot DeSoto Traded Center, Building Five. These properties could have an impacy on the Memphis industrial realestatee market’s supply because with most sublease landlords get a below-market deal, says Jim Mercer, executive vice president at .
However, it won’t have an impac on vacancy numbers because rent is stillbeingv paid. The overall Memphis market, which includes DeSoto County, had a 16.6% vacanc rate for first quarter 2009, comparerd to vacancy of 17.5% in the year-ago according to CB Richards EllisMarketView reports. The DeSoto County submarkeft hada 16.5% vacancy rate for the first down from 24.8% in first quartedr 2008. The availability rate, which includes sublease also dropped in DeSoto from 24.8% in first quarter 2008 to 20.8% in this year’w first quarter. The Williams-Sonoma and Kuehne + Nageol sublease spaces, paired with ’s decision last year to vacatwe 2.
2 million square feet of distribution spacde inSoutheast Memphis, shouldd further slow down any potential new industrial developmenft in the area. “When the market does turn, we’vde got enough space that we should be able to accommodatewmost users,” Mercer says. “This may prolong the time it takeds before a developer will build another spec The overall Memphis market experienced negative absorptionof 521,6676 square feet for the first quarter. This was after five straighrt quarters of positive absorptiob during anational downturn. Much of this negativew absorption is dueto Hewlett-Packarsd vacating 1.4 million square feet so far.
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