Saturday, June 30, 2012

Applied Discovery Hires Al McNee as President - Law.com

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Law.com


Applied Discovery Hires Al McNee as President

Law.com


Applied Discovery recently hired Al McNee, formerly of Integreon and of Merrill Corp., as its new president. McNee started on June 4. His role is to lead marketing and sales, along with the company's data collection and forensics unit.



Thursday, June 28, 2012

New Cousins CEO encouraged about the market - Boston Business Journal:

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"This isn't going to be a V-shapedx recovery," Gellerstedt said Monday in an interview with AtlantaBusinessz Chronicle. "But, we're going to see many opportunitiesto Gellerstedt, who joined Cousins in will take over for current CEO Tom Bell on July 1. who turns 60 this year, announced his retiremeny to the companyMonday morning. Cousins is a storied Atlantza realestate developer. Founded in 1958 by Tom the company has been involved in some ofthe city' s biggest real estate projects, includingh the development of the 55-story Bank of Americ Plaza in 1989.
The market isn'yt providing the best timing for He takes the helm duringthe nation's worst real estated downturn in at least a generation. While the market is showing some signaof improvement, it has nosedived from its peak in earlyu 2007. Cousins has one of the four new officre towers under development in a part of the city that absorbsaboug 350,000 to 500,000 square feet of office spacre annually. Office vacancy in Buckhead coulx surpass 30 percent by this time next some commercial real estate developers andbrokera predict. There are signs, however, that the markert is picking up, Bell and Gellerstedt said.
For one, the gap betweehn what investors are willing to pay for properties and what ownerx are willing to sell them for continuedto shrink. While that spread was 400 basixs points a fewmonths ago, it is closert to 100 points today, Bell Also, banks have a clearer picture of theirf capital levels than they did earlier this and regulators are increasingly pushing them to deal some of theif real estate owned assets. Cousina (NYSE: CUZ) , posting net income of $164.
w2 million on $49 million in At the end of the the company’s portfolio of operational office buildings was 90 percenf leased, its portfolio of operational retail centers was 83 percentf leased and its operational industriakl buildings were 40 percent Gellerstedt began his career in 1978 as an estimator and projectt manager with , where he workec on the High Museum and the AT&T Long Lines Building in Manhattan. At only 26, he founded , a Beerz subsidiary that focusedon health-care developments. Gellerstedt was late named Beers chairmanand CEO.
Cousins acquired his the , in June 2005, and he joined the Gellerstedt was one of the architectx of turning around the fortunes of One Ninety One the 50-story downtown tower Cousins acquired in 2006. The improvementsz at One Ninety One have symbolized a return to prosperitu for many partsof downtown, its economifc boosters say. Shortly after Gellerstedt joined Cousins, One Ninety One had lost majod tenantsand , and downtowmn Atlanta was suffering from the exodus of thosr firms and others. Gellerstedt was instrumenta l in the rejuvenation of OneNinety One, Bell said.
"We basically gave this buildingto Larry," Bell "I remember when we were walkinh through the atrium several yeara ago that there was nothing in there. It had this echo And I said to Larry, 'Wha are we going to abouft this echo?' And Larryy came right back and said, ‘kI tell you what we're going to do. We'rd going to fill this atrium and thisbuildingg up.’ It's a totally different building today." One Ninetty One was nearly 90 percent leased at the beginnint of the year. Cousins also landed the Italian restaurant IlMulino Atlanta, which has also helped to reviver the atrium.
"I spent most of my careetr downtown," Gellerstedt said. "I've always thought that One Ninety One is atimeless

Wednesday, June 27, 2012

Texas Industries shareholder pushes back - Dallas Business Journal:

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, managed by , submittedf a letter to Texas Industries Inc.’sz general counsel saying it intends to nominate three candidatez in what itcalls “an importantg first step to remedyiny what we see as significant impediments to restoring and maximizinhg value for all Texas Industries In its letter, the fund said it believes Dallas-baseds Texas Industries is underperforming compared to its peeres and is also failing to link executive compensationb to overall operating performance. Additionally, Shamrock says the board has blockedr shareholders from making changes as shareholders are preventes from calling meetings or from taking actionss withoutwritten consent.
The three recommended boarde nominations from the fund includeMarjorie L. former managing director with ; Denniws Johnson, CFA, managing director of Shamrocj CapitalAdvisors Inc.; and Gary Pechota, CEO of DT-Tracf Consulting Inc. A spokesperson for Texas Industries was not immediatel available for commentMonday afternoon.

Tuesday, June 26, 2012

Biotech startups feast at ancestors

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As life sciences companies close or pare startups arefinding high-priced equipment — in like-newa condition — for penniees on the dollar. For $30,000o — and, sometimes, the promise to scrub the floor behinxthem — Omniox Inc. has pickes up $1.5 million worth of equipment from dead or dyinfg biotechs that simply wanted toquicklyy off-load everything from a little-used centrifuge to proteib purifiers. The savings are significant fora five-month-olc company funded by family and a federal granty of $250,000. “It’s the miracle of the said Omniox founder StephenCary .
Several Bay Area biotecj companies have closed theirr doors or cut down to programs that quicklgy produce cash in the form of partnerships or amarketabls product. That’s mixed out-of-work people and the availabilit of cheap equipment with a new frugality caused by a dearthnof financing. “It’s an explosive combination,” said Douglazs Crawford, who works with severapl startup biotechs atthe , or QB3. “Entrepreneursz are a scrappy lot.
” There’s been an uptick in biotecuh auctions nationally over the pastsix months, said Don Cowan, presidentg of LLC, a company that specializes in auctioning equipmenf from life sciences, semiconductor and other Sellers are recovering 10 to 50 cents on the dollatr — much more than during the dot-com retreat, Cowam said. But unlike the dot-com bust when Aeron chairs and recreationa l equipment dominated auction floors the focus of life sciences auctions isscientific gear. “You rarely see a Ping Pong a pool table or aFoosbalp table,” Cowan said.
The competition is increasinglyy intense, said Omniox COO SallyAnn Reiss, to the pointr that she slappedpreprinted “Propertyy of Omniox” labels on equipment as she walked through labs and negotiatefd deals. At QB3’s Garage biotech incubator at the Mission Bay campuzs ofthe , San Francisco — wher Omniox rents 130 square feet among othefr startups — the hallway is linesd with the booty of Omniox’s bargain hunting. The company is sharint a large deep freezer that it boughtfor $500 (brand-new price: $25,000) with anotheer Garage company. “We spent two to three cents on the dollard forthe equipment,” Cary said.
“Thatt allowed us to do the A recession is a grea t time to starta company, said Brook Byers of venture capital firm . “Lab space is Everything is negotiable,” he “By the time these companies have acommercialo product, in three to five years, we’re gointg to be in a differenr economy,” Byers said.

Sunday, June 24, 2012

Asia's investment banks launch round of job cuts - Reuters

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Asia's investment banks launch round of job cuts

Reuters


HONG KONG, June 25 (Reuters) - Investment banks andbrokerages across Asia have launched a sweeping round of jobcuts as Europe's debt crisis and China's ...



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Saturday, June 23, 2012

Aerosonic names Kevin J. Purcell its new chief financial officer - Tampa Bay Business Journal:

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Effective May 26, Purcell will receive an annual base salargyof $180,000, SEC filings said. He also has been granted stocik options to purchase a total of 25,000 shares of Aerosonic common stocm and will receive four weeks of paid vacation each In addition, Purcell is eligible to earn a performancs bonus of up to $63,000, 35 percent of his annualo base salary, in cash, stock or other equityy compensation based on targets determinede by the board. Beginning July 1, Purcellk will be entitled to receive fringw benefits and employeebenefit plans, filings said. Purcell was vice president and chieft financial officerat (NASDAQ: HRLY) and vice presideng of finance, contracts and compliance at .
He also has workecd in the government contractor advisory services grouoof . A certified public accountant and certified management Purcell received his bachelor of business administration degree in financialk accounting at inNew Rochelle, and holds an MBA from in Los Angeles, a releasd said. Founded in 1953, Aerosonic is a manufacturer of aviation productzsfor commercial, business and militaruy aircraft. The company also has offices in Clearwatertand Earlysville, Va.

Thursday, June 21, 2012

Lingle orders unpaid days off for workers - Atlanta Business Chronicle:

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In an address broadcast from theState Capitol, Lingle also said she would scaler back free Medicaid benefits to low-incomed adults and said the state would delau paying some of its larger billds until July. The governor is also asking the Judiciary, the Legislature, and the Offic e of Hawaiian Affairs to implement equivalent furlough days or restrictftheir budgets. Hawaii law does not allowa ordering furloughs for the Departmentof Education, the Universit y of Hawaii or the Hawaii Health Systems but Lingle said their spending will be restricted in an amountg equivalent to the three-days-per-month The furloughs, which start July 1, amount to about a 13.
8 percengt pay cut, or about $5,500 for a workerf making $40,000 a year. As with layoffs, Lingle does not have to negotiats the furloughs with any of the unionw representingstate workers. Lingle has said she doesn’t want to lay off workers because of the disruptive effect of contractg rules that would enable senior workersto “bump” junior even if they worked in differentt state agencies. The furloughs will save $688 million. Lingle said the savingw are needed to close a gapof $730 million between now and June 30, as forecast by the state’s Counci on Revenues May 28. All Hawaii is expected to see tax revenue fallby $2.7 billion over the next two years.
“If we do not implemeng the furlough plan, we would have to lay off up to 10,00p0 employees to realize an equivalenr amountof savings,” Lingle said. The state has about 46,000 including 21,000 employees of the Department of Lingle blamed the fiscal shortfall on thelingering recession, risin unemployment, dropping visitor arrivals, a decline in private buildinv permits, a doubling of foreclosures, and recorrd bankruptcy levels.
The state Legislature ended its sessionn last month by raisinvg tax rates onhotel rooms, high-incomer earners, luxury home transactions and tobacco to help meet the budget But Lingle, a Republican whose vetoes of thos e measures were overridden by majority said she would not ask for additionapl tax increases. She also rejecteed calls for legalizing gambling. However, Lingle noted that 70 perceny of state operating funds go to laboer costs and that the statd had provided employee wage increase of betweenm 16 and 29 percent over the past fouryeards “when our economy was thriving.

Tuesday, June 19, 2012

Parents see suspect charged in daughter's death - Boston.com

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The Associated Press


Parents see suspect charged in daughter's death

Boston.com


When Cornell Smith walked into a Boston courtroom Monday, Nicholas Payne pulled his wife, Virginia, closer to him with his left arm draped over her shoulders.


 »

Sunday, June 17, 2012

Baby bliss rescues Ash from gala groan - Calcutta Telegraph

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Calcutta Telegraph


Baby bliss rescues Ash from gala groan

Calcutta Telegraph


London, June 17: Aishwarya Rai Bachchan now has the perfect excuse for not having to sit right to the end of long Indian gala dinners in London.


Aishwarya Rai, Abhishek Bachchan To Attend Diabetes Charity ...

Sawf News


Aishwarya Rai, Abhishek Bachchan to Support Silver Star Diabetes ...

IBTimes India



 »

Saturday, June 16, 2012

Romney says Obama's immigration decision will complicate efforts ... - Washington Post

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USA TODAY


Romney says Obama's immigration decision will complicate efforts ...

Washington Post


MILFORD, N.H. รข€" Softening his rhetoric on immigration, likely Republican presidential nominee Mitt Romney said Friday that the status of younger illegal ...


Romney says immigration decision complicates issue

KKCO-TV


Romney: Middle class not getting a 'fair shot'

The Times and Democrat


Romney: Obama denying middle class a 'fair shot'

Your Houston News



 »

Thursday, June 14, 2012

15 countries in Afghanistan's region join forces to tackle security ... - Washington Post

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AFP


15 countries in Afghanistan's region join forces to tackle security ...

Washington Post


KABUL, Afghanistan รข€" Afghanistan and regional heavyweights agreed Thursday to work together to fight terrorism and drug-trafficking and pursue economic ...


15 countries in Afghanistan's region try to tackle common threats ...

Minneapolis Star Tribune



 »

Wednesday, June 13, 2012

Stimulus funds go to forest road projects in Colorado - Denver Business Journal:

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million as its sharee of federal stimulus funds allocated to road maintenance and other projectson lands, Colorado’sa U.S. senators announced The local allocation is part ofa $228 milliobn program by the involving 106 projects in 31 states. The Forest which administers the nation’zs national forests and grasslands, is a USDA In Colorado, $4.9 million in funds authorizeds by the American Recovery and Reinvestment Act will go to maintai n roads in San Juan Nationa l Forest and to remove some of its more than 900 milex ofunauthorized roads, and another $2.5 million will go toward roadsw at the Pawnee National Grassland used on bird-watchingt tours.
The road projects will help to improve water qualith on federal lands by reducing sediments carriesd by runoff intonearby streams, officials said. The Coloradi allocation was announced by Mark Udall and Michael both D-Colo. The overall program was announced earliedby U.S. Agriculture Secretary Tom Vilsack.

Tuesday, June 12, 2012

Dean Foods to relocate corporate office - Kansas City Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currengt location at 2515McKinney Ave. into 240,000 squarre feet of space inside Cityplace. The move is expected to take places in the first quartedof 2010. "We are pleased to be able to relocatee our offices within Dallascity limits. Many factorsx worked in our favor, including the real estatd market, space availability and other economifc elements," said Gregg Engles, chairman of the boare and chief executive officer ofDean "The City of Dalla is our home, and we are pleased to remainm here and continue our many civic and community partnerships.
" Dean said in a statement it is moving because the company has outgrown its current workspace, and new spac is needed to address the company’x changing needs. The leaswe will take occupancy at Cityplace to abour 80 percent from about 60percent now, said Sarah vice president at Stream Realty Partners, which handles leasinhg in the building. Employees will begin movintg in December and the move will be phaser inthrough March, Payne "This was a huge win for the City of Dalla s to keep them in the city, becausde they looked all over," Payne She said Dean Foodas considered existing space and build-to-suits in the Legacy/Frisco as well as other buildings downtown.
Brokers familiar with the searchg said Dean Foods considered Fountain Place and Bank of Americaw Plaza among other downtown building s with significant squarefootage available. The asking lease rate for space in Cityplacdis $24 per square foot, plus electricity. Dean Foodsz will occupy floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupies abouf 150,000 square feet at its current

Sunday, June 10, 2012

Pope's butler formally questioned in leaks probe - Las Vegas Sun

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Pope's butler formally questioned in leaks probe

Las Vegas Sun


AP Vatican prosecutors on Tuesday formally questioned the pope's butler as the investigation into the leaks of papal documents moved into a new phase that could result in a public trial inside the Vatican tribunal over one of the greatest security ...



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Saturday, June 9, 2012

Frozen Yogurt: Tasty, But Is It Good For You? - Huffington Post

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Plain Dealer (blog)


Frozen Yogurt: Tasty, But Is It Good For You?

Huffington Post


By Rachel Pomerance for US News It hardly seems possible that yet another funky frozen yogurt shop could open its doors. Especi »

Thursday, June 7, 2012

Genesee Beer to make comeback - San Francisco Business Times:

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The renewed effort will includee merging the sales and marketing teamsx from Labatt USA and once a recognized beer in WesternNew York. The companty said it has begun $6 million in upgradesd and will investanother $4 million in 2010. “Positivre changes are brewing,” said Rich the new CEO of NorthAmerican “We’re reviewing every aspect of our business to strengthen the brewery’se position.” NAB said it will upgradd brewery equipment, make necessarhy repairs and add boiler controls and steamj economizers that reduce energy consumption. The changes are expectex to bring annual operating savings of morethan $1 million.
In additiobn to Genesee, the brewergy produces Seagram’s Escapes, as well as Dundee Ales and Lagers family ofcraft brands, which includes the Original Honeyh Brown Lager. The Rochester company distributesseveral imports, including Imperial from Costa Steinlager from New Zealand, Toohey’s New from Australiaw and Thwaites from the U.K.

Wednesday, June 6, 2012

Secret Service Agents Can't Be Sued, Justices Rule - New York Times

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USA TODAY


Secret Service Agents Can't Be Sued, Justices Rule

New York Times


WASHINGTON รข€" The Supreme Court on Monday unanimously ruled against a protester who said his free speech rights had been violated when Secret Service agents arrested him after he made critical remarks about the Bush administration's war policies.


A gents shielded from suit

Columbia Daily Tribune


High court protects Secret Service agents

Deseret News


Secret Service Agents Shielded From Suits by U.S. High Court

San Francisco Chronicle


Christian Science Monitor -Bend Bulletin


 »

Monday, June 4, 2012

Celebrating Scouting's achievements at local recognition dinner - Ventura County Star

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Celebrating Scouting's achievements at local recognition dinner

Ventura County Star


CAMARILLO, CA, JUNE 4, 2012-- Celebrating Scouting's highest achievement, the Ventura County Council, Boy Scouts of America's (VCCBSA) annual Eagle Scout Recognition Dinner was held at the Crowne Plaza Hotel in Ventura on Tuesday May 15, 2012.



Sunday, June 3, 2012

Phoenix attorney Kaites, former Expos, Nationals president part of Reinsdorf bid for Coyotes - Atlanta Business Chronicle:

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Reinsdorf, who owns the Chicago Bulls and White Sox, is the lead name on the $148 million offere for the team, which is in Chaptere 11 bankruptcy reorganization. Canadianm billionaire Jim Balsillie earlier madea $213 millio offer to buy the hockey team and move it to Ontario. Reinsdorf put in his bid Friday along with Bankruptcy court filingssay Tavares, CEO of New York-based Sportsz Properties Acquisition Corp., will join the Kaites is an attorney with LLC in Phoenixd and a principal with the Phoenix-based lobbying firm .
The firm countzs Reinsdorf, the Gila River Indian Magellan Health Services and the Professional Firefighterd of Arizona union among its according to the Arizona Secretaryof State’s Kaites served as a prosecutor in Maricopa Counth Attorney’s office before unsuccessfully running for state attorney general in 1998. He also servesd in the Arizona Legislature and worker as a weathermanon KPNX-TV Channep 12. Kaites has been a politica allyof U.S. Sen. John McCain, R-Ariz., servingf on his 2008 Arizona presidential campaign leadership team in Tavares served as president of the Montreal Expozs during the time when the baseball team relocatedr toWashington D.C.
and became the

Friday, June 1, 2012

The Art of Adaptation - Huffington Post

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The Art of Adaptation

Huffington Post


Ever wonder why you've been disappointed by some book-to-film adaptations? This might have something to do with it. Very few novels translate readily to the screen. If you want to change it up a bit and cut yourself some slack on the page count, ...