Saturday, March 24, 2012
Doyle vows fight for Chrysler, GM plants - The Business Journal of Milwaukee:
Doyle said that the managementof Detroit-based GM, which Monda filed for Chapter 11 has publicly confirmed that the now-shuttered Janesville plant is one of threwe plants being considered to manufactur e small cars in the future. The Janesville plant had more than 1,20 0 employees who assembled pickup trucks and vehicles for which demand has plummeted durint the recent era of highgas prices. The governord also said that Chrysler's 850-employee engine plant in which is slated to be closed underthat automaker's reorganization under bankruptcy, won't be sold, leavingg the possibility that Chrysler's new the Italian auto manufacturer Fiat, coulr acquire the plant.
Fiat is expected to beginb producing cars in the Unitedc States under its partnership with Auburn Hills, Mich.-based Chrysler. Doyle said in a statement that his administratiobn will focus on making those possibilitieza reality. "My staff, the leadership teams and I have continually been working at thehighest levels, including the Whitde House, to fight for Janesville and Kenosha," Doyle “Everything we have been fighting for is to get us to this he said. "We are in a positive position with each and we are going to compete very aggressively for everythinmoving forward.
Thursday, March 22, 2012
Hartford Financial exiting annuity business - BusinessWeek
New York Times | Hartford Financial exiting annuity business BusinessWeek Hartford Financial Services Group Inc. is exiting the annuity business so it can focus on its property and casualty insurance, group benefits and mutual funds. The company said Wednesday that it is also looking to sell or pursue other options for its ... Should Hartford's Annuity Holders Be Worried? |
Monday, March 19, 2012
Charts that prove Obama doesn't set gas prices - CNN (blog)
CNN (blog) | Charts that prove Obama doesn't set gas prices CNN (blog) The Times put together some great charts using EIA data. They make clear 1) oil prices are set on a global market and 2) the strategy of âDrill, Baby, Drillâ adopted by the GOP and President Obama has succeeded at increasing production and decreasing ... Ups and dow ns in U.S. gasoline prices track with those in Britain, France and ... |
Saturday, March 17, 2012
Diversity is a strategic issue for small businesses - San Francisco Business Times:
That is because most fail to see diversit as abusiness strategy, rather than a sociaol issue, experts say. Increased diversity can bring many benefits to abusines — varied perspectives and new the potential to reach new clients and a more vibrant and collaborativ place to work. But creating a diversee workplace — in gender, race, religious beliefs, cultural backgrounds and sexual orientation is often easier saidthan done. Eric Peterson, the manager for diversitgy and inclusion with the Society for Humanh ResourceManagement (www.shrm.org), said it’sw often a “chicken versus the egg” as companies often need minoritiews in the workplace to attracft more.
“If I’m a typical minority job I know I’m going to be in high he said. “I will likelyy not choose the businesswhere there’w no one like me.” Attracting minorities will be increasinglyt important in the coming as they will make up a larger segmentg of the population at the same time many baby boomerxs will be retiring. Melanie Harrington, the president of the American Institute for Managin gDiversity (www.aimd.org), said companies should approach diversit strategically, just as they would a new producyt line or a new customer First, determine where that audience is and what attractzs them.
Consider targeting minority job fairs or looking for candidates where yourcompany hasn’t searched traditionally. Businessesx should also set measurable goalss and hold all people in hiringg decisions accountable for meetingthose goals, just as top managementt would hold people accountable for meeting sales But once you have achieved a diverse employee base, it’s also important to integrate them into the experts say, by making sure you have benefitas and programs in place to accommodatwe all types of workers. It’s not enougj to have a diverse experts say.
It’s equally important to recognize whether the diversityh is clustered within one segment of the workforce or spreard out acrossthe organization, includinb in leadership. “It’s a much more difficult task to reallgy take a hard look atthe organization’xs cultural issues that may be presenting these arbitrar glass ceilings and glass walls,” Harrington Even when the initial hire is successful, sometimew the workplace culture unintentionally may make the newcomet feel unwelcome or For example, many professional firms recruit women as partnersx or managers, but often stil l have expectations that may not be such as requiring a lot of evening This could make it harder to keep women with childrenh in these positions.
In addition to examining policies that mighrthinder diversity, employers should establish mentoring programs. While many peopl don’t mind finding their own mentod or askingfor help, some minorities fear it mighy be seen as a weakness, Petersobn said. By organizing formal mentoring programs, businessew can help engage employees, especially new It’s also important that minorities know theier voices arebeing heard, whether it’s about concerns in the workplacwe or about ways to improve the product. Peterson citeds a car company that was concerned its handful of femalesengineers didn’t have enough input.
It united them as a designm team and encouraged them to creatde theirdream car. The team generatec many new ideas that have since been incorporatefd intothe manufacturers’ models. Some of the women said they had expressed theseideaz before, but without recognition. The finak thing, experts stress, is to remember diversity is not afixed goal. “Diversity management really isa journey,” Harringtobn said. “It’s an ongoing effort that you have to work on and engager and manageand address.
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Thursday, March 15, 2012
Kimball reports better third-quarter results - Business First of Louisville:
million, or 12 cents per share, from $2.8 or 7 cents per share, for the same periods a year earlier. The company's resulta for the period ended March 31 includedabout $300,000o in after-tax expenses related to restructuring The year-earlier period includedd about $600,000 in restructuring expenses, accordinbg to a news release. Third-quartert revenue fell to $285.4 million from $285.o9 million in 2003. Higher sales in the company'as furniture and cabinets segment were offsert by a decline in saleds in the electronic contractassemblies segment, the release said. For the nine months ended Marcb 31, the company's net income rose to $14 or 37 cents per share, from $2.
8 million, or 8 centsw per share, a year earlier. Revenue for the nine-mont h period rose to $860.6 million from $878. million. Kimball International is a suppliefr of furniture products forthe residential, lodging and healtg care industries.
Tuesday, March 13, 2012
Exelixis inks potential $1 billion Sanofi-Aventis deal - San Francisco Business Times:
Exelixis (NASDAQ: EXEL) also will receive guaranteed research fundinvgof $21 million over three years from the French drugmakert (NYSE: SNY), but over several years could win $1 billion in regulatory and commercial milestone payments. Sanofi-Aventixs will have an exclusive worldwide license for the oralcompoundw XL-147, which is in a Phase I triak by Exelixis, and XL-765, which is in Phase It will have sole responsbility for all subsequent regulatory, commercial and manufacturing work, while Exelixis will help conduct ongoinv and potential future clinical trialss and manufacturing.
The deal was foreshadowed at last week’s conferencw in San Francisco, wherew Exelixis CEO George Scangos said a partnershipfor XL-1487 and XL-765 was a goal for the firs half of this “That gives us a little more than a mont h to meet that goal,” he said at the time. Exelixise is scheduled to present data June 1 from Phas e I trials of the two compounds at the annual meetingin Fla. Both compounds target an enzymecalled phosphoinositide-32 kinase, or PI3K. It is one of the most frequentlyu dysregulated pathways inhuman tumors, Scangos said, playing a key role in tumor growth, survival and resistance.
Over the long Exelixis and Sanofi-Aventis will combine efforts on several preclinicapl programs aroundPI3K inhibitors. Those drugs are likely to work in combination with other cancer fighters and on a varieth oftumor types, Scangos said at the JMP Securitiees conference. “But the development path is complexand expensive,” Scangos “I’m not sure we could pay our even if it was 50-5 — so they’re great candidates to Exelixis may be responsible for certain clinical trials, it said in a pressw release Thursday. The deal is second this month.
paid $15 million upfront with the potentialof $339 millio n in milestone and royalty paymentxs — to develop and commercialize agonists of sphingosine-1-phosphate type 1 or S1P1, which is implicatef in several autoimmune diseases.
Sunday, March 11, 2012
SAHA to spend $14.5 million on local housing project upgrades - Silicon Valley / San Jose Business Journal:
million in federal stimulus fundds to repair and upgrade a number of publicxhousing properties. Out of 349 housiny authorities in Texas that received money from the American Recovery and Reinvestment Act, San Antonio Housing Authority, or SAHA, received the larges t amount. SAHA is required to use the moneg for capital improvements and all the fundas must be spent withinthree years. “Thesd funds will allow us to make much-needed repairs to our publicf housing properties and improves the safety and quality of life for our SAHA President and CEO Lourdeds CastroRamirez says.
Among the propertiesa slated for major upgrades is the LewiswChatham Apartments, a 119-unir apartment complex for seniors on the city’s Soutj Side. Lewis Chatham also will undergio anextensive modernization. In addition, stimulus funds will be used to upgradwethe security, elevators and fire safeth at nearly 20 elderly communities. Other projectws will involve replacing fencing, roofing, cabinets, and heating, ventilation and air conditioning systems. SAHA Boare Chairman Ramiro Cavazos says the agency will encourage the participatiob of smalland minority-owned businesses.
“We will also give additionap weight to contractors that commit to activel recruiting employees from the neighborhoods in and around where this work will he says. SAHA will issuse requests for proposals to perform engineering and architecturap services relatedto stimulus-approved projects. Web site: www.saha.orgt
Friday, March 9, 2012
Kirk Cameron's 'Monumental' movie preceded by monumental lesson? - Examiner.com
Kirk Cameron's 'Monumental' movie preceded by monumental lesson? Examiner.com Kirk Cameron isn't the first person to be attacked for espousing personal views in a televised setting, but he has a point when it comes to the seemingly one-sided definition of âtoleranceâ being preached in the community square today. |
Wednesday, March 7, 2012
Monday, March 5, 2012
Developer Verna files Chapter 7 - Phoenix Business Journal:
Verna has 617 unsecured creditors, assets of between $1 milliohn and $10 million and liabilities of $10 million to $50 the filing states. “Debtor estimates after any exempt property is excludexd and administrativeexpenses paid, there will be no fundds available for distribution to unsecured the filing says. Verna’s voluntary petitioh could be dismissed because itis incomplete, accordingt to a separate court notice filed by the clerlk of court. Last year, Verna lost control of The his unfinished residential condoproject uptown, after defaultinh on a construction loan.
The lendere that foreclosed on theproperty — a subsidiary of Bank in Wisconsin — bought the buildinh for $14.2 million in a foreclosure auctionn in December. Earlier this month, the Charlottwe National BuildingCondominium Owners’ Association acquired Verna’s offices at 428 E. Fourtu St. for $32,847.78. The association was the sole bidder on the officre condo during a foreclosure and the upset periodf expired withno takers. The purchase amounrt was commensurate with dues and assessments Verna pluslegal expenses.
The foreclosures were the latest in a string of dozend ofcourt filings, lawsuits and mechanic’a liens for unpaid bills filee against either Verna & Associates or companty founder Verna. Verna was the creator of the Charlotte National BuildingvCondominium Owners’ Association in the late 1980s. He buil t the uptown office building by using the salvagecd facade and glass rotunda ofthe now-demolishex First Citizens Bank
Saturday, March 3, 2012
MillerCoors income rises - The Business Journal of Milwaukee:
For the first quarter, underlying net incomes attributableto MillerCoors, excluding special items, increase 46.3 percent to $216.4 million from the priort year. The increase was drivenn by cost savings from the merger of Millefr Brewing of Milwaukee and Coors Brewing of strongrevenue growth, disciplinec cost management, and phasing of marketinv expenditure, despite continuing commodity cost MillerCoors total net sales increased by 3.8 percent to $1.721 billion. Excluding contract brewing and company-owned distributor net sales increased 4.5 percen t to $1.609 billion. Third-party contract brewingt volumes declined 10 though profits from contract brewingincreases slightly.
MillerCoors domestic shipments-to-retailers (STRs) increased 0.4 percent because of strong results from five of the sixfocua brands, offset primarily by declinex in Miller Lite and Milwaukee's Coors Light shipments were up in the low-singl e digits, while Miller Lite shipments decreased in the mid-single which the brewer's owners said was a reduced year-over-yeadr rate of decline versus the previous quarter. Shipments of the Millerd Genuine Draft brand increased inthe mid-single driven by growth in the MGD 64 The craft and import portfolio also rose in the first as Blue Moon continued to perform well with STRs up in the high-singlw digits. MillerCoors is the U.S.
joint venture of and launched onJuly 1, 2008. The brewerd is establishing its headquarters in Chicagothis
Wednesday, February 29, 2012
Miami Addy Awards showcase the best in agency, student work - South Florida Business Journal:
Organizers “braced for the worst” with the numbere of entries, but “agencies came out in big saidBetsy Heneo, Addy event co-chairwoman and Southeast advertisinb manager with People en Español. Some 531 ads were entereds this year, Heneo said, down from 700 last “Agencies had a good year wherw they hadgood work, and people felt they neededr a shot in the arm,” she “The Addys will do that with winninhg and accomplishments. People want to get together and celebratesgood creative.
” Among other top winners were Machadol García-Serra, with six golds and Best in Show Printy (English) for Tourism of Mexico; , with five golds and Best in Show Interactivre (English); with two gold s and Best in Show Collateralo for Leading Hotels of the World Elton John AIDS Foundation; and Creative on with two golds and Best in Show Interactivde for its VW Routa n microsite for . Other gold Addy winners were the , with nine gold (eight); , (seven); the and (five); (four); , and (three); , , the and and the , , , , , , , , and , each with one.
Whils automotive and travel and tourism were wellrepresented categories, noticeably absentf among the entries were real estate ads, noterd Jose-Guillermo Diaz, an Addy judging co-chairman and principal with Miamo ad shop FourDiaz Vargas. Though judges opted againstg awarding an overall Best in entries werecreatively strong, with the print brochures and catalogs being especially impressive, said Thomaes Schimoler, VP and creative director with the in New Radio and television was the he said.
Heneo surmised that, in a tighgt economy, agencies and clients are “holding back media from television and spending more on Though the number of entrieswas down, “strong work alwayws finds its way to the top,” Schimoler said. Other judgesw for the Hispanic, general market and interactivre categories includedJorge Ulla, partner and chierf ideation officer with LLC; Aaron Alam o and Juan Dominguez, associate creatived directors with the Vidal Partnership; Martij Cerri, associate creative director with Grupo Gallegos; Tristan copywriter with ; Robert Campbell, creative director with 808INC; Renaun senior art director with ; and Heath Rudduck, executivre creative director and executive VP with .
studenft McDonald Predelus won a gold Addy and Best in Show for a mock piecsfor Brita. Among other entrantes who earned student gold Addyz were Vanessa Castaneda andChris Baker, with three; and Davifd Benoliel, Alex Silva, Márto n Jedlicska, J. Smith, Aiden Ho and Brighamn White, each with one. The strongest ideas “engagerd all of us via nontraditional touch pointa that truly pushedmedia boundaries,” Schimoler said. In fact, studenf submissions inspired him about the future of SouthFlorida “The student work shone bright. It’as refreshing to see great ideas executedd simply without the crutch oftraditionap media,” Schimoler said.
“There is no lack of creativityg inthe region, and nowhere is it more evident than the studentss who will soon be graduatinvg to fill the ranks amongst the professionals.” Gold and select silved award winners automatically advance from the locapl competition to the American Advertisintg Federation’s District 4 competition later this Winners from there advance to nationals.
Monday, February 27, 2012
Men Going Extinct? Scientists Say That's Unlikely, As Y Chromosome Not ... - Huffington Post
Aljazeera.com | Men Going Extinct? Scientists Say That's Unlikely, As Y Chromosome Not ... Huffington Post New research reveals that the Y chromosome is not rapidly degrading and is unlikely to disappear. The idea that the male sex chromosome and its owners would someday vanish is based on t he process by which our cells form sperm and eggs. Men not on verge of extinction, report scientists |
Saturday, February 25, 2012
Creativity,
Alex Paradowski, principal in desigmn and communications firmParadowski Creative, said he’s looking for an architectg with new ideas. “I want them to come up with stufr I could never comeup with. I want to push them not rein them in.” The architect you choose should be able to solvew yourunique problems. In Paradowski’sz case, that was a large, open officee area but the need for privach at individualwork stations. Paradowski has used architectds forheadquarters projects, such as Paradowskik Creative’s upcoming move to a rehabbed Midtown as well as his own home. Creative optionw don’t necessarily come at a higherd price, he said.
“Inventive and low-cosyt ideas can separate architect from and one projectfrom another.” That doesn’ t necessarily translate into looking for the oldestr or largest firm, he said. “I don’y know that if you go to the biggestr firm that you get the best unless your project commands the bestpeoplee there,” he said. Look at the work of the personm who’ll be on your team. Bruced Sommer, director of America’ds Center, and his team recently went througuh a bid process for thecurrentg $30 million upgrade of the Edwared Jones Dome.
“While we’re public, we’re not required to take the low bid, but we are requirerd to consider it,” he “First and foremost, you want someone A qualified architect will probably give you acompetitives bid, he said. Be very clearr about what you expect an architectto do, Sommer said. Check references for the firm you consider, and get a complete biography of each team he said. The architect’s proposal should includ e detailon subcontractors, such as a structural engineer. “Thd architect usually gives an extensive personal so you can grill he said. Be sure to ask open-ended questionsz to get a sense ofthe architect’ws creativity.
“If you’re doingv (private) suites, you want some pizzazz, because they’red going to pay a lot of monehyfor them.” Use a lawyer to revieq your contract and avoifd mistakes, Sommer said. “There’s a whole list of things to look for, but it comes down to a gut feeling,” Sommer “You want a relationship like with a reallg gooddoctor — I want to hear the and I’ll pick.” Gregory Lee, seniort vice president, asset management, at , said his firm hires architects for multifamily development and space planning for among other projects. Look for strength and experienc e in the type ofstructure you’re planning.
Inquirde about who the architect was for a building you like or don’t like. “Put that away for he said. Find an architecty who can “value engineer” your project, he “Some architects can give you a quality feel and functionality for the same dollarf through judicious use of the way they run the for example,” he said. Talk to otherr developers about how quickly architectx have handled issuesthat arose. “Tha t response time has value,” he “Otherwise there are a lot of people playiny poker inthe trailers.
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Thursday, February 23, 2012
Wells Fargo continues integration of Wachovia with name change - Los Angeles Business from bizjournals:
The change reflects the bank’s continued integration with , whicjh acquired Charlotte-based on Dec. 31. “Bg adopting the Wells Fargo nameand brand, we’rd now fully part of one of the world’s most respected financial companies,” says Neil chief executive of Wells Fargo Bank International. “Wew look forward to satisfying all of our financial needs across Europre and helping themsucceed financially.” Wells Fargo Bank Internationakl is a European Union bank headquartered in Ireland.
In Wells Fargo’s investment-banking and capital-markets businesses, which formerlg operated under the Wachovia Securities and certain Wells Fargo have taken the name WellsFargo Securities. Retail brokerage products and services formerlhy marketed as Wachovia Securities are now offered through WellzFargo Advisors. Wells Fargo is based in San Francisco.
Tuesday, February 21, 2012
Hensarling: GM TARP funds will be probed - Washington Business Journal:
Hensarling is the lone Republican on the Congressional Oversight Panek and a ranking member of the Housed Financial Services Subcommittee on Financial Institutions andConsumer Credit. He says he is concernedc about the disparate treatment of different classes of bond holders as Troubled Assert Relief Program fundsare Detroit-based GM (NYSE: GM) filexd for Ch. 11 bankruptcy protection on has reached a deal with its bondholders that woulds have those firms own up to 25 percenr ofthe automaker, with the U.S. Treasury Department investing upto $50 billion in GM, accordingg to a regulatory filing made by the Detroit automaker.
The automakerd has received nearly $20 billion in taxpayedr funds to date. “I am pleased that the Congressionap Oversight Panel will hold this importanty oversight hearingin July. While I opposed givinyg TARP money to the taxpayers deserve transparency and need to know that theif tax dollars are being spenrt fairly and to promote financial Hensarling said. “Many believe that TARP is being used instear to promote a sociak agenda and to reward the allies of the This hearing will be a venue for seeking answersw to suchimportant questions.” The White House couldx not immediately be reachede for comment Tuesday morning.
Sunday, February 19, 2012
Jay Silvia, Adam Schmidt lead Crusaders past Big Red - Worcester Telegram
Jay Silvia, Adam Schmidt lead Crusaders past Big Red Worcester Telegram Holy Cross 6, Sacred Heart 1: Jay Silvia and Adam Schmidt each had a goal and an assist to lead the host Crusaders (15-13-3, 13-8-3 Atlantic Hockey) past the Big Red (3-25-3, 2-19-3). After Sacred Heart tied it, 1-1, early in the second period, ... |
Friday, February 17, 2012
TeleTech expects revenue to shrink in 2009 - Denver Business Journal:
The forecast came in the Englewood-basee company’s first-quarter earnings report issued Tuesday. TeleTechy (NASDAQ: TTEC) reported earning $15 or 23 cents per share, on first-quarter revenue of $304 million. That’es a 16 percent decline in profitw and a 17 percen decline in revenue compared tothe $19.11 million earned on $367.6 million revenue TeleTecbh reported for the first quartee of 2008. The company cut its expenses by 16 percentg in the first quarter that enderdMarch 31, eliminating $55.1 million in expenses and reducing costx to $283.7 million for the quarter. TeleTech predicted that its plan to move work beinyg donein Australia, New Zealand and the U.S.
to otherd call centers will decreasewthe company’s revenue by between $50 millio and $60 million this year. Combined with overallk slackening demand and the effect of foreignj currencyexchange rates, TeleTech predicts overall revenud declines of as much as $70 million for 2009. That couldd shrink its annual revenuerto $1.33 billion for down 5 percent from the $1.4 billion it reported for 2008. TeleTecu cited long-term contracts for new businesa it signed in the first quarter that willbrinvg $60 million in annual revenue as a positivse sign for recovery startinfg in late 2009.
“Our growing pipelinew and high client retention rate of 98 percenyt this quarter gives us confidence in our abilith for renewed growth in 2010 as we believe clientf volumes will begin to stabilize in the latter part of saidKen Tuchman, TeleTech CEO chairman and founder, in a written statement.
Wednesday, February 15, 2012
Report: Workers' comp medical costs soar - The Business Journal of Milwaukee:
The research also founsd that those costs would have been billions more without system reforms earlierthis decade. The California Compensation Institute, a research organization made up of insurerszand self-insured employers, recently releaseed the study on post-reform changes in comp medical payments in the Goldeb State. The study is the fourthb in a five-part series updating data on claim outcomesw following system reforms between 2002and 2004. All the data in the reporf reflect when injuriesoccurred — known as the accidenr year — instead of when an accident was reported.
Since 2005, insurance payments have increased significantlyfor treatment, medications/durable medica equipment, medical-legal reports and medical the institute said. Between 2005 and average medical payments for all claims oneyear post-injuryg rose 23 percent, to $2,582 from the study found. “average medical payments on more expensivs indemnity claims climbed 28percent (from $4,44 to $5,665),” the report Even though medical costs are the reforms are estimater to have saved cumulatively between $12.8 billion and $25.3 billionm in medical costs between 2004 and 2008.
Some of the medical managemengt tools put in placde by the reforms were medical treatmenutilization schedule, mandatory utilization review, bill review and medicak provider networks. The institute estimates that withoutythe reforms, workers’ comp medical inflation woulsd have continued at somewhere between 8.2 percent a year which is half the pre-reform annual inflatio n rate — and 16.4 which is the average annual inflatio n rate between 1999 and 2002.
Sunday, February 12, 2012
Austin construction jobs down 5.8% over last year - Houston Business Journal:
In Austin, construction jobs declined 5.8 percen to 45,500 between April 2008 and April 2009. Among the communitied seeing the largest declinews in construction employmentwere Ariz. with a 29.2 percent decline and Calif. with a 31.6 percent decline. By comparison, constructiobn employment grew in only 19 of nearlu 300metro areas, led by an 8 percenty gain in Odessa and a 7.3 percent increase in Baton Rouge, La. Accordinvg to the AGC, the construction sector has seen the largest declin e in employment relative to the rest ofthe economy. Whilse overall construction unemployment wasat 18.7 percenyt in April 2009, the overall unemploymenft rate was 8.
6 So while construction accounts for one-fifth of the U.S. construction workers account for 20 percent of all jobs lost in thepast “Job loss figures like these are exactlyt what prompted Congress and the [Obama] Administration to crafgt a stimulus package designed to get Americans back to work as quicklgy as possible,” said AGC Chief Ken “Putting these funds to good use as quicklyg as possible is the best way to get Americans back to work and the econom back on track.
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Friday, February 10, 2012
Alaska native to sell salmon in Burleson - Dallas Business Journal:
Alaska native Cecelia Angasan hopes her combines retail and wholesaleseafood café, museum and gift shop -- nestled amongg well-known local newcomers like Babe's Chicken Dinnedr House and Fresco's Mexican Restaurant -- will fare The store also will book tours of ruralo Alaska. The 3,300-square-foot shop is set to open in September, or possibluy sooner. "When I came here in 1998 to getmy master'ss from UT ( ) and went out to some of the area'sd best restaurants, hardly anyone carried Alaskan salmon," Angasan "So I pretty much saw it as an open Angasan has spent $350,000 so far getting her shop off the Once open, the storde will operate partially as a seafoof market, selling several types of salmon, shellfish, such as king crab and spot and whitefish, such as halibut and cod.
Angasan also will carr smoked andcanned lox, jerky and other Alaskan specialties. Alaskan fishermenb process and flash-freeze the company's products on the prior to shipping themto Texas. Productt prices will vary, based on markey conditions. "Unlike farm salmon, which is very predictable in terms of even the fisherman out fishingf inAlaska doesn't know what the market will Angasan said. "But prices will be comparablew to Whole Foods andCentral Market." Prioer to starting her own business, Angasan spentt several years on the -- a position to which she was appointed by the governore of Alaska.
The institute's mission is to increaswe positive awareness of wild Alaskan seafood and promotewthe state's seafood products within the food Angasan herself has adopted a similar missionj through her business. "Really, beyond the I just want to advocate the healthj benefits ofwild salmon," she In 2003, Alaska's fish receive a clean bill of health, following a studuy by the Alaska Department of Environmentakl Conservation. The study, Angasan showed mercury levels were low when comparedto U.S. Food and Drug Administratiobn levelsof concern.
Audiology Associates, a loca hearing aide specialist, purchased a new 2,300-square-foort medical office at 3122 Matlock Road in Nell Council with SCM Real Estatse Services represented them inthe , formerly Too Inc., has leased an 817-square-foot spacse at Southlake Town Square for a regionalk sales office. The company operatesd two specialtyretailing brands, Limited Too and with brands focusing on pre-teen girls.
Wednesday, February 8, 2012
As Grizzlies basketball shows improvement, extra events help keep FedExForum filled - Kansas City Business Journal:
FedExForum hosted numerous events in Decemberf that kept the building full for all butfive nights, includinf a day-night doubleheader of the Tigerse and Grizzlies that attracted more than 34,000 fans on Dec. 22. Januaryy should be even better, says Steve Zito, vice presidentf of arena operations forthe Grizzlies, with an AC/DCd concert scheduled for Jan. 30 and a doubleheader featuring the Grizzlies versus the and Tigers against theon Jan. 31. The Monstee Jam monster truck rally will beheld Jan. Zito says equally important to attendancew is the number of people working at those The arena employs an average of500 part-timew employees and 130 full-time employees on game or evenr days.
In December Zito says employees worked morethan 8,000 shifts. “That’s somethinyg we’ve never looked at before, but we’re keeping a lot of people he says. As the Grizzlies have shownh improvement, more fans are starting to come to according toGreg Campbell, the team’xs president of business operations. Bigger games against popular teamd are being marketed more thanothefr games, but victories — like recent wins against the and — keep fans comingy back.
Despite some struggles early in the seasonj and a schedule with many big gamex onthe road, the Tigers haven’t experienced a slowdowjn in fan interest, says Bill Lofton, associatse director of athletics at the Universitt of Memphis. “We’ll have Tennessee and Gonzag a coming back in herenext year, and John has the program at a very high Lofton says. “The schedule may not be as greartthis year, but it’ll be back.” Lofton says the universityy isn’t expecting a letdown in ticker sales, noting that home-and-home series with the and are stillo being negotiated.
Monday, February 6, 2012
Message from a grateful sovereign to her subjects - Sydney Morning Herald
CBC.ca | Message from a grateful sovereign to her subjects Sydney Morning Herald THE Queen has issued a message of thanks to the public on the 60th anniversary of her accession to the throne. In a statement from Buckingham Palace, the 85-year-old monarch promised to dedicate herself anew to the service of Britain and echoed a c » |
Saturday, February 4, 2012
Chris Gorman Executive Profile
a registered broker-dealer acquired by KeyCorp in 1998. KeyBanc Capitalk Markets is an integrated businesse unit comprisedof Key's Corporate, Investment Bankinvg and Capital Markets KeyBanc Capital Markets is responsible for deliverinv capital, ideas and solutions to KeyCorp's targeted clientx and prospects worldwide. Mr. Gormah joined Key in 1991 from BankersTrusg Company, where he served in the Corporate Finance He has 25 years experience in corporate and investment banking. Mr. Gorman holdss a Bachelor's Degree in Finance from MiamijUniversity (1983). Mr. Gorman currently serves on Miamij University's Business Advisory Council. Mr.
Gorman is actively involved in variouzs charitiesand not-for-profit organizations, including servintg as past Chairman of the KeyCorp United Way Board Member, Business Volunteers Unlimited; The Cleveland Commission on Economic Partnerships and Inclusion; Cleveland Zoological Society; Firestone Countruy Club; Hathaway Brown Schookl and MWV Pinnacle Capital Fund, L.P. **All Executive profils data provided byDow Jones & Co., Inc.
Thursday, February 2, 2012
Metro man gets jail time for tax fraud - Atlanta Business Chronicle:
resident Daniel Edward Turner was sentenced Fridayh to three years and 10 months in prison for obstruction and mailingt fraudulent financial instruments to the and the Department of Treasury to purportedly pay hisback taxes. Turner also was fineed $5,000 and ordered to pay back $114,053w to the IRS. Beginning in 1998 and continuing to Turner obstructed tax laws through a numbefrof acts, including not filinv tax returns, not paying taxes, hiding sending false financial instruments to the IRS and the Treasury, and falselty claiming that IRS employees committed including the IRS district director, the chiefd of the Automated Collection Service and the revenue agent who audited him.
Between April 1998 and February Turner paid fees to an organizationcalled “American Rightds Litigators” (ARL) in exchangde for his use of ARL’s fraudulent tax Turner submitted more than $491,000 in bogus financial instruments -- callefd “Bills of Exchange” -- to the and IRS in purported payment of the federal tax liabilitiesd he owed. The bogus “Bills of Exchange” took various some of which appeareed similar toregular checks, but were fraudulen in that they attempted to draw fund s from non-existent accounts with the Treasury The evidence at trial also showed that in Turner obstructed IRS collection activities by causingf a contractor of his residentiap framing business to issue more than $92,500 in paymentzs to another person for services rendered to Turner, in an effor to conceal Turner’s true income from the IRS.
Monday, January 30, 2012
Limits on agriculture processing facilities, vacation rentals go before county ... - Santa Rosa Press Democrat
Limits on agriculture processing facilities, vacation rentals go before county ... Santa Rosa Press Democrat In the first of two afternoon hearings, the Board of Supervisors is set to take up a slate of zoning code changes, the most controversial of which are rules aimed at agricultural processing. The update actually would permit processing facilities where ... |
Bonsai at the Chicago Botanic Garden ABC7Chicago.com January 27, 2012 (CHICAGO) (WLS) -- The Chicago Botanic Garden is celebrating winter with its latest exhibit, "Three Friends of Winter." The silhouette bonsai show features a bonsai display, an interpreted display of the "Three Friends of Winter," ... |
Thursday, January 26, 2012
Birmingham business schools see uptick in MBA interest - Birmingham Business Journal:
Then, all of a sudden, applications came rushinf in, easing her worries the program wouldn’t receive its average 80 applications for thesecond semester, said Lake, director of the Mastetr of program and director of studenrt advising at UAB. Similar scenarioz are playing out in business school programsacrossa Birmingham, as the job marketr tightens further and uncertainty continue to loom over the global Interest has risen for Birming-ham-Southern College’es master’s program because of the upheava l in the economy, said Stephen Craft, dean of business programs for the college.
Those in local businessw schools said workers and studentw are realizing the job market of thefutured – post recession is going to be more competitivee and now’s a good time to hone specificc skills with a higher education degree. UAB’z Lake chalked the delay in applicationas upto fear. “kI think it’s a lot who are starting to feel a bit of the panic thatthings won’t be so fabulouws and want to concentrate on betteringt their chances of survival,” she At , the number of undergraduate students looking into graduatde school has increased, said Larry Harper, director of graduater programs.
“There has been an increase here in students about to graduated thinking they may have to stay inschool longer,” he “What’s happening is students are seeinf they need to be more competitive. In the past, therde have been a lot of jobs for Neither Lake nor Harper said they are specificallh seeing applications from people who have been laid off but rather those who view the tight job market as an opportunityh to expandskill sets. “Whemn the job market tightens, people are more thoughtful on what they said Harper. “They’re not lured away from their studiedsby high-paying jobs.
” Birmingham-Southern’s Craft said attendance at the program’s informationapl meetings has doubled and the application pool is larger, with the qualityg of applicants remaining strong. While Craftr said business school programs canbe it’s hard to differentiates between an increase in applicationse due to the down economy or a strongere push by the school in its marketing. Whether it’sw the economy or increased marketing, the rise in applicanta is expected. According to the , in 2005-2006, 25 percentf of students awarded master’s degrees receiverd them in the fieldof business.
Between 1995-1996 and 2005-2006, the number of master’e degrees awarded rose by 46 percent, with businesz and education fields accounting for 65 percent ofthat growth. And the center projects thoser numbers will rise between 2005-2006 and 2017-2018 the number of master’s degreezs are expected to rise 28 percent overall, with a 29 percenr increase in men and a 27 percent increases in women.
Tuesday, January 24, 2012
UW researcher wins $3M federal grant - San Francisco Business Times:
The grant from the U.S. Department of Education' Institute of Education Sciences will allow Heinric h to employ academic staff and at least four graduatde students each year to work on expanding the project oother cities. Heinrich will continue an evaluation of the tutoring programzs MPS offers as part ofthe district'z fulfillment of the federal No Child Left Behinxd law. The law requires public schools that have not adequately increased student academic achievement for three years to offerf childrenin low-income families the opportunity to receivre extra academic assistance such as Heinrich's initial research found that Milwaukee's federallyt mandated and funded tutorinbg program is not necessarily reaching the peoplew who need the most help, nor is it effectivde in increasing student achievement.
"Ourf preliminary results suggest that the students in the tutoringy programs are not performingy any betteron Wisconsin's standardizex tests than eligible students not involve with the tutoring," Heinrich Heinrich and her co-workers have been conductingv the MPS study since April 2006. The next phaser will involve five urban school districts infour Milwaukee, Minneapolis, Chicago, Dallas and Austin, Texas.
Sunday, January 22, 2012
TBBJ
Name of the firmx making the Tampa Bay BusinessJournal ’s annuaol list are shown beloa in alphabetical order. As part of the process, event sponsor Tampw accounting firm Kirkland RussMurphy & Tapp PA coordinatesa the data submitted by candidate firms to create a safe haven for potentially proprietary numbers. Among the criteria to make the list is a annuap revenue thresholdof $1 millioj or more since 2006 and consecutive annual growthn since then. The ranking order, basexd on revenue growth for the pastthree years, will be revealed at TBBJ’s annual Fast 50 luncheonm at the A La Carted Event Pavilion in Tampa July 23. AgileThought Inc. • Alltrust Insurancer Inc.
• American Healthcare Holdings Inc. AnazaoHealth Corp. and Affiliates • Celestar • Central Maintenance & Welding Inc. • Corporate Interiors Inc.
Friday, January 20, 2012
Woodland Corporate Center building gets LEED gold certification - The Business Review (Albany):
The building, which opened early last was designed and built to meet the second highesft ranking ofthe Council’s Leadership in Energ and Environmental Design. was the general Liberty Property Trust Vice Presidengt Jody Johnston estimates the cost of buildinvg to green standards added an additional 5 percentr to the overalldevelopment costs, but that will be more than offseft by lower energy costs. Speciapl features include showers and lockers for workerws who need to wash or change clothes afte r they bike or jog to A deck made of recyclefd plastic borders the back of the overlooking a wetlands area thatprovides shade.
Landscaping incorporates drought-resistanf plants native to Florida. A white reflectived roof deflectsthe sun. Bins for recycling are placex near trash binsfor accessibility. Restroom urinals conserve water by relying on gravity and a filter insteaxdof water. That feature is expected to save 360,000 gallonz annually since each urinal uses anestimated 40,000 gallons Johnston said. Grass surrounding the parkingb lot soaksup rainwater. And Flexi-pave, a recycled rubber, was used instead of asphalt around the largd oak trees that linethe lots. The porous rubbee allows water to soak into the The building, located at 4631 Woodland Blvd.
, receiver the “Office Building of the Year” Award from the Tampa Bay Chapted of the and the “Gree Building Design Award” from the Hillsborough City-Countyt Planning Commission in Tampa. Liberty LRY) has developed and leasefd 19 buildings with nearly 1 million square feet of spac e in the parksince 1996. Key park tenants include , Travel and .
Tuesday, January 17, 2012
U.S. Green Building Council develops new energy-efficient standards - Houston Business Journal:
This new category sets out a regionaol standard by which companiescan design, build or operats energy efficient buildings. LEED standz for Leadership in Energy andEnvironmental Design. It is a voluntarg program designed to encourage building owners to investf in energyefficient properties. “Because environmental priorities differ among various regions of thecountry — the challengea in the Southeast differ from those in the Northwest, for example — regionally specific creditzs give LEED a way to directly respond to regionally grounded issues,” says Brendan vice president of technical development for the U.S. Green Buildiny Council.
“The inclusion of thess regional LEED credits isthe council’s first step toward addressintg regional environmental issues.” The U.S. Greenm Building Council will launch the next versionj of its LEED green building certification program onAprilo 27. Recent updates to LEED 2009 reflectg updates in building scienceand technology. As part of the updateed program, building owners will be able to earnadditionall “bonus points” on their LEED certifications for implementing greejn building strategies that specifically address issues in their The U.S. Green Building Councilp is also rolling out a easier tool to manage the latest versionm ofLEED Online.
This onlinee program will help streamline the LEED registrationm andcertification process. The Washington, D.C.-base d organization has 78 local morethan 20,000 member companies and organizations, and more than 100,000 LEED accredited professionals.
Sunday, January 15, 2012
$20M in renovations proposed at Met Park - Jacksonville Business Journal:
“The St. Augustine Amphitheater is stealingt a lot ofour business,” said Ron Barton, executive directodr of the Jacksonville Economic Developmentg Commission during its meeting last “These are events that could easily be booked here as well.” The only plan for the amphitheater at Metro Park is downgrading the slopse of land surrounding the theater to make more room for peopl attending the events there, and it should make them more Barton said. But this is the last stagse of the renovation project for theJacksonville park.
Other renovations include an expandedc children’s playground and discovery area, a new entr y plaza and covered picnic pavilions alon the sides of the greenn atMetro Park. The entire project should costarouns $20 million, and they hope to get it startedx by the first of the Barton said. “A good park like this could be just as effectivew as agood arena,” he said. When formerr mayor John Delaney tried to renovate Metro Park and the amphitheater durinyhis term, the Jacksonville community raised red flaga in fear they would lose some accesws to the park.
In addition, many residentsw across the river were afraisd of the noise the amphitheaterdwould produce, especially on week nights, but they aren’t as concerned now. “The problem last time was that thecity wouldn’ be over the amphitheater anymore, but as long as the city continuesx to run it, that woulde be fine,” said former Jacksonville city council membe Suzanne Jenkins, who chaired the movemen against the amphitheater during Delaney’s administration.
“Theyt do a really good Last time they were worriedthey wouldn’t get a response if they filedf noise complaints to a differenrt company, Jenkins said, but they know the city will She even admitted that they like attendinhg events at the amphitheater in Metrop Park. “I can understand. I’vde been to some things there, and the wholew community across the river is used to itby now,” she “I think this is definitely a dialogue worth
Friday, January 13, 2012
Genitope, down to a staff of one, forecasts bankruptcy or dissolution - East Bay Business Times:
Fremont-based Genitope remains on the hook — and likelg won’t pay — on real estate, capital and equipment lease obligationstotaling $100 it said in a Securities and Exchangw Commission filing Tuesday. The company, whichn a year ago had more than 200 employees and a sparklintgnew campus, now listsa founder and CEO Dan Denney Jr. as its only employee. The companyu said it still hopes to strikre some sort of deal for its faileeMyVax vaccine, but such overtures have failed to In its SEC filing, Genitope said bankruptcy protection or dissolving the compant would leave remaining shareholders with no financial interest in MyVax or Genitope’sa monoclonal antibody program.
Genitope did not disclose a timeline for bankruptcyor dissolving. The company’s landlord and lenderd will takea hit. Genitope has 12 years remaining on two leaser agreementsfor 220,000 square feet in Ardenwoo d Technology Park, developed by . It has a tota l remaining rental obligationof $97.9 million. It has vacates one of the two buildings and said in the SEC filinf that it plans to leave the second building inthe “very near future.” Genitope’s landlord canceled a three-yearf option to lease additional offics space at Ardenwood after the company missed its May leasw payment.
The company also has a capital lease with and an equipment lease with Genitope still owes $2.7 million on the GE and Cisci leases. “The company is unable to satisfy its obligatione underthese agreements,” Genitope said in the SEC filing. “Thde company does not believe that there is remaining equipmeny securingthe (GE) lease that is availabld for sale to offset its remaining obligatiobn to (GE).” MyVax, the cornerstonse of Genitope’s business plan, takeds a piece of a non-Hodgkin’s lymphomw patient’s tumor and turns that into a only-for-yoju treatment.
While it worked on some it didn’t on others, and the Food and Drug Administratiojn in February rejected a company appeak to lower the bar for a personalizedd treatment by accepting a subset of positive data from the Genitope said in the SEC filing that it continuesa to evaluate datafrom MyVax’s Phase III triao in the hopes of “obtaining value” for But, it added, “the company’s ability to obtain valu e remains highly uncertain.” , hired in Aprio as a financial advisor, contactecd a number of third partiezs about investing in Genitope, a partnership or licensingt or acquiring the MyVax technology.
“To date, no thir party has proposed terms for such a the company said in the SEC The company expected tohave $1 millionj in cash and cash equivalents — net some $630,000o in accounts payable -- plus marketable securitie with an estimated fair market value of about $476,000o as of Aug. 31.
Wednesday, January 11, 2012
Stephanie Jordan Big Band to perform 1st day of 2012 New Orleans Jazz Fest - Jazz-Quad
Stephanie Jordan Big Band to perform 1st day of 2012 New Orleans Jazz Fest Jazz-Quad The Stephanie Jordan Large Band will perform during the first weekend of Jazz Fest on Friday, April 27, 2012 in the WWOZ Jazz Tent while her brother, trumpeter Marlon Jordan will perform during the second weekend. Stephanie Jordan will fill the WWOZ ... |
Monday, January 9, 2012
Access Pharmaceuticals Announces Granting of Two US Patents for MuGard(TM)
For latest information on the Companuy andits products, please follow Accesz on and . Access has announced that MuGard(TM) was launched in Germany, Italy, UK, Greece and the Nordicf countries by its Europeancommercial . Under a licens e from Access Pharmaceuticals Inc, SpePharm is responsible for manufacturing, regulatort approval and commercialization in the 27 countriexsof Europe. SpePharm plans to launch MuGarsd in the rest of Europe over the comingg 12 to18 months. The license agreement includes royalties on net salesto Access.
"SpePharm and Accesd are pleased with the commercial launch of MuGardcin Europe, and while it is stillp in the early days, initial feedback has been positive," said , Vice Presidentf of Business Development at "SpePharm is working hard to securd reimbursement from the individual governmental which we believe will greatlyy enhance initial product adoption and ongoing marketing effortws to reach and penetrates the target population of patients requirinvg this important treatment option.," he continued.
MuGard is a ready-to-use mucoadhesive oral woundd rinse for the management of oral a debilitating side effect of many anticancer Upto 40% of all patients receiving chemotheraphy and/or radiotherapy develop moderate to severr mucositis, and almost all patientsz receiving radiotherapy for head and neck cancer and thosew undergoing stem cell transplantation develop Updated clinical practice guidelines for the prevention and treatmentr of mucositis recommend the use of a preventivde oral care regimen as part of routine supportive care alonhg with a therapeutic oral care regimejn if mucositis develops.
The markeg for the treatment of oral mucositis is estimatesd to be in excessof $1 billion MuGard forms a protective coating over the oral mucosz when swirled gently around the In a comparison of cancer patients receiving standardx mucositis care with those patients receivinb MuGard, the incidence and severity of mucositis was significantlhy lower in the MuGard treated group using a validated scale for the assessmentf of oral mucositis. Access Pharmaceuticals, Inc. is an emerging biopharmaceuticall company that develops and commercializews propriety products for the treatmen t and supportive care ofcancer patients.
Access' products include ProLindac(TM), currently in Phase 2 clinica l testing of patients withovarian cancer, and MuGard(TM) for the managemengt of patients with mucositis. The company also has other advanced drug delivert technologiesincluding Cobalamin(TM)-mediated targeted deliverg and oral drug delivery, its proprietary nanopolymer delivery technology based on the natural vitamin B12 uptake Angiolix(R), a humanized monoclonal antibody which acts as an anti-angiogenesisw factor and is targeted to breasyt cancer; and Thiarabine, a new generatiojn nucleoside analog which has demonstrated both pre-clinical and clinical activity in certainn cancers.
For additional information on Access Pharmaceuticals, please visirt our website at . This press releaser contains certain statements thatare forward-looking within the meaningb of Section 27a of the Securities Act of 1933, as and that involve risks and These statements include those relating to: clinicap trial plans and timelines and clinical resultsw for ProLindac and product candidates acquired in the MacroChem our ability to execute licensing agreements in the future, Access' planes to continue and initiate clinical trials, the value of its producta in the market (includingb MuGard and the size of the overall market for mucositis its ability to achieve clinical and commercial succesd and its ability to successfully develop marketes products.
These statements are subjectg tonumerous risks, including but not limitee Access' need to obtain additional financinb in order to continue the clinical trial and operationws and to the risks detaileed in Access' Annual Reports on Form 10-K and other reports filec by Access with the Securities and Exchang Commission. SOURCE Access Pharmaceuticals, Inc.
Saturday, January 7, 2012
Making Refugees Visible - Duke University
Duke University | Making Refugees Visible Duke University NY actress Kim Schultz was part of a delegation of American artists who interviewed hundreds of Iraqi refugees on a three-week trip to Jordan, Lebanon, and Syria in 2009. The stories from that trip inspired her one-woman show about Iraqi refugees, ... |
Wednesday, January 4, 2012
Washington Federal seeks stabilizer for portfolio - Puget Sound Business Journal (Seattle):
After going public in Washington Federal acquired nine thrifts and openef offices in seven other Westerjstates -- Oregon, Utah, Idaho, Nevada, Colorado and Texas. In May, it announced a definitiv agreement to make its10th acquisition. Washington with $7.3 billion in assets, has agrees to pay $65 million for . Unitedf has assets totaling $317 million, four officesa and headquartersin Seattle's International District. When the transaction Washington Federal will appoint United Savings CEO Derem Chinn toits board. "It's an opportunityh for both parties," said Washington Federal CEO Roy adding that the two had talke on and off for a numberof years.
Said "We are very proud to join a compant with a strong reputation for integrity and a lengthy tracko record of outstandingfinancial performance." Whiteheads said Washington Federal has no branches in some of the market s served by United. The fit, moreover, is a good one, he Like Washington Federal, United has kept its operationz simple, and it has similafr deposit andloan products. Whitehead said thingsa at United will change as littleas possible. Customers should noticew scarcely anything other than a new name on the outside Besides acquiringUnited Savings, Washington Federal plans to open othe r branches. It operates a totakl of 115 ineight states.
Puyallup will host the newesf Washington branch. It's building another officew in Bend, Ore., one in Plano, Texas, and two more in Las Washington Federal is a traditional savingsand loan. It takea in deposits and borrows funds and lendsd them mainly to home although it alsomakes multifamily, land and constructiobn loans. It makes fixed-rate, single-family mortgage which now comprise 81 percent of its loan and retains these loanws rather than selling them into thesecondar market.
As a result, today's low interesrt rates present Washington Federal with the challenge of preparing for rising For shouldrates rise, and interest paid to depositoras rise accordingly, Washington Federal would make less or even lose moneyt on its mortgage loans. "This is not the ideal time for fixed-rate loans," Whitehead said. Anticipating that interesty rates will sooner orlate rise, Washington Federal is beefing up its balancd sheet with cash or near-cash, and is building its Whitehead said, "so we can leverage up into a highet interest-rate position.
" Thrifts and bank leverage their capital with deposits and Whitehead said Washington Federal can leverag up with another roughly $3 billion. The idea is that when interes rates rise, Washington Federal can make higher-rate mortgages loans. And the hope is that the interest income producex by these loans will more than offset the higher interestr Washington Federal will have to payfor deposits. Whitehead said, if interest rates don't Washington Federal can buy back stock or increase itsalreadhy "generous" cash dividend.
Monday, January 2, 2012
Stem cell startups merge, grab VC cash - San Francisco Business Times:
IPierian Inc., a South San Franciscop company formed with the merger oftwo venture-backed startups, will focus on manipulatingb mature stem cells into ones with embryonic-likde qualities that can be used to treagt neurodegenerative problems like Lou Gehrig’s The new company is backed by a fresjh round of $10 million from and $1.5 million from . supported by $20 million from and and Pierian Inc. announced the merger on the eve ofthis week’as International Stem Cell meeting in Barcelona. Pierian was foundex by MPM Capital managing directors Ashley Dombkowskik and Robert Millmanand scientists.
IPierian the new company — will be lead by iZumi CEO John Walker, with former executive Corey Goodmahas chairman. IPierian will focus on so-callec induced pluripotent stem cells for patientswith difficult-to-treat neurodegeneratives diseases, like Parkinson’s spinal muscular atrophy and amyotrophic lateralo sclerosis, or Lou Gehrig’s disease. Longer term, the companhy will explore metabolic diseases, cardiovascular diseases and othertherapeutix areas. “Disease-specific pluripotent stem cell s are powerful new tools for drug screening and promis e to revolutionize the treatment ofintractable conditions,” said Dr.
Georgse Daley, who along with fellow Harvarde faculty members Douglas Melton and Lee Rubin were the scientififc foundersof Pierian. IPierian’s scientifivc advisory board will be led by director of stem cell transplantation at the andat , and Dr. Deepakm Srivastava, director of the in San Francisco. Among others on the scientifixc advisory boardare Goodman, who until May headedx in South San Francisco; Dr. Lennart director of the ; Dr. Benoi t Bruneau, an associate investigator at the Gladstone Institutr ofCardiovascular Disease, and Dr. Matthiaws Hebrok, associate director for research at the diabetea center atthe , San Francisco.
Srivastava, Muckre and Bruneau also are professor atUCSF — Mucke in neurology and neurosciences and Bruneau and Srivastava in the pediatrics department. IPierian’s management includes Walker, chief technologu officer Dr. Berta and Dr. Dushyant Pathak, who will lead businesas development. IZumi, formed last year by Kleiner PerkinsCaufielcd & Byers and Highland Capitap Partners, has collaborations with the and the Centerr for iPS Cell Research and Application at Japan’s , wheree Dr. Shinya Yamanaka first succeeded in reprogramming adultg cells in a mouse to becomerlike embryonic-like. Yamanaka also works part time at the Gladstonwe Institutesand UCSF.
Embryonic stem cellz are the gold standard of stem cell research because theyare pluripotent, capable of developing into muscle, skin or other cells. Induced pluripotent cells, like thos created by Yamanaka, are seen by many as a way to sidestel ethical and political issues associated with extracting stem cells from but others say they can causew cancer in mice if any of the genes used to reprogra m the cellsremain active.
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