hustbelogehy1857.blogspot.com
The state's Services says the new rules will target mailings and other solicitations touting lowerfmortgage rates. The marketing pieces often appeaer to originate fromthe homeowner'ds bank but almost always come from out-of-state thirds parties. Violators could pay as much as $5,000o per solicitation, which, for direct-mail marketers, could cost The department will present its final rules to the Secretaryhof State's office May 6. The office is expected to immediatelyg adopt and enactthe rules, said Davixd Tatman, administrator for DCBS's . The state receivec 131 complaints about such solicitationsin 2007. Through Marchy 2008, regulators have fielded 34 such complaints.
Mortgags industry and banking leaders say the solicitations mislead their customers because they include theprimaryu lender's name on the envelope or within the text of the producyt pitch. For example, homeowners who secured their mortgagexs through might receive letters with the subjectrline "Re: Your U.S. Bank loan." The letters then typicall y entice homeowners to transfer their loans to a low rate offerecd by thethird party. "I n going through this proces over thepast we've really felt education and transparency have been critica through the whole of addressing issues related to subprime loans, said Chris the 's president.
"This is one more step in reaching that Examples provided by the state includw letters sentby , of Calif., and Capital Direct Lending, of Costaq Mesa, Calif. "The industrh members adhering to the rules and presentingg a very professional face to their businessw feel like this damnse them inthe public's Tatman said. Along with direct the rules would apply to radio andtelevisioh ads, notices in such media as newspapers and faxes, Internet solicitations, flyers, catalogues and Primarily, any such third-party solicitations that invoke the mortgages issuer's name must include the thirdc party's name as prominently, and in the same size and as the recipient's primary lender.
The offers would furthed require senders to notethat they'r not associated with the borrower'se primary lender. Solicitors also cannot claim thatthe borrower's loan is in jeopardgy or about to reset at higher interest If the ads tout a teaser or negatives amortization rate, they must clearly state the proposeds rate terms within the solicitation's text. The rules would also prevent marketers fromtouting lock-ins to certain interesr rates unless issuers specify the lock-in period'se length and how much it'll cost the borrower to secure the Violators could also lose their mortgage lendingh licenses, along with facing the stiff "We'd consider a 'violation' as happeniny each time an ad went Tatman said.
"We'd have a fairly large hammer if we wanted to go Larger banks, which can seem complicit with the mailings if their names appear on the solicitations, also back the new "We're concerned about this practice because sometimews our customers think we gave out information about theie loan to the other company, when actuallt the information is a matter of publicf record," said Tom Unger, a Portland-bases Wells Fargo spokesman. "If anotherd company uses our name, we feel it should also disclose how it got the information abourtthe borrower's Wells Fargoo loan.
" Consumer interests say the rulea would simply ensure that lenders represeng themselves fairly and "It's really important that the marketing be honest and said Laura Etherton, advocate for the , in Portland. "Iyt would also help us make sure the lending that does happehn meets the standards herein Oregon."
Monday, December 31, 2012
Sunday, December 30, 2012
FHLBank Atlanta posts $1.5M loss - Atlanta Business Chronicle:
hustbelogehy1857.blogspot.com
The bank a net loss of $1.5 millionn for the first quarter of a decreaseof 101.3 percent, from net incomew of $116.6 million in the firs t quarter of 2008. The loss was due primarilg to a $172 million decrease in net interest incomeand $88.9i million in net impairment offset by a $101.1 million in net gain on derivatives and hedgingf activities and trading securities, and a $42.5r million decrease in total assessments. As of March 31, the bank had $189.43 billion in total assets -- a decrease of $19.1 billion, or 9.17 from Dec. 31, 2008. This decrease was due mostly toa $17.u8 billion, or 10.7 percent, decrease in advances during the firsf quarter.
"The performance for the quarter largel y reflects recent changes in the way the bank accounts forthe other-than-temporarg impairment of its mortgage-backed securitiess as well as de-leveraging that is prevalent in the broaded market," said Richard A. Dorfman, presidentr and CEO, in an earnings statement. "The bank remains a solidc and stable funding source for member and while we continuer to take measures to protect capitalk inthe short-term, the Bank also is focuser on taking steps that, in the we believe will allow us to return to offerinhg a competitive return on members' investment in the
The bank a net loss of $1.5 millionn for the first quarter of a decreaseof 101.3 percent, from net incomew of $116.6 million in the firs t quarter of 2008. The loss was due primarilg to a $172 million decrease in net interest incomeand $88.9i million in net impairment offset by a $101.1 million in net gain on derivatives and hedgingf activities and trading securities, and a $42.5r million decrease in total assessments. As of March 31, the bank had $189.43 billion in total assets -- a decrease of $19.1 billion, or 9.17 from Dec. 31, 2008. This decrease was due mostly toa $17.u8 billion, or 10.7 percent, decrease in advances during the firsf quarter.
"The performance for the quarter largel y reflects recent changes in the way the bank accounts forthe other-than-temporarg impairment of its mortgage-backed securitiess as well as de-leveraging that is prevalent in the broaded market," said Richard A. Dorfman, presidentr and CEO, in an earnings statement. "The bank remains a solidc and stable funding source for member and while we continuer to take measures to protect capitalk inthe short-term, the Bank also is focuser on taking steps that, in the we believe will allow us to return to offerinhg a competitive return on members' investment in the
Friday, December 28, 2012
SAHA to spend $14.5 million on local housing project upgrades - Puget Sound Business Journal (Seattle):
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million in federal stimulus funds to repaier and upgrade a numbetr of publichousing properties. Out of 349 housing authorities in Texasz that received money from the American Recovery andReinvestment Act, San Antonioo Housing Authority, or SAHA, received the largesyt amount. SAHA is required to use the moneyu for capital improvements and all the funds must be spent withinthree years. “Theswe funds will allow us to make much-neede repairs to our public housing properties and improve the safetyg and quality of life for our SAHA President and CEO Lourde CastroRamirez says.
Among the properties slated for majorr upgrades is the LewisChatham Apartments, a 119-unitr apartment complex for seniors on the city’s Soutg Side. Lewis Chatham also will undergo anextensivse modernization. In addition, stimulus fundw will be used to upgradethe security, elevatorxs and fire safety at nearly 20 elderly Other projects will involve replacing fencing, roofing, cabinets, and ventilation and air conditioning systems. SAHA Boars Chairman Ramiro Cavazos says the agency will encouragd the participation of smalland minority-ownerd businesses.
“We will also give additional weight to contractors that commit to actively recruitinfg employees from the neighborhoods in and arounsd where this work will he says. SAHA will issue requests for proposalsa to perform engineering and architecturaol services relatedto stimulus-approvedc projects. Web site: www.saha.org
million in federal stimulus funds to repaier and upgrade a numbetr of publichousing properties. Out of 349 housing authorities in Texasz that received money from the American Recovery andReinvestment Act, San Antonioo Housing Authority, or SAHA, received the largesyt amount. SAHA is required to use the moneyu for capital improvements and all the funds must be spent withinthree years. “Theswe funds will allow us to make much-neede repairs to our public housing properties and improve the safetyg and quality of life for our SAHA President and CEO Lourde CastroRamirez says.
Among the properties slated for majorr upgrades is the LewisChatham Apartments, a 119-unitr apartment complex for seniors on the city’s Soutg Side. Lewis Chatham also will undergo anextensivse modernization. In addition, stimulus fundw will be used to upgradethe security, elevatorxs and fire safety at nearly 20 elderly Other projects will involve replacing fencing, roofing, cabinets, and ventilation and air conditioning systems. SAHA Boars Chairman Ramiro Cavazos says the agency will encouragd the participation of smalland minority-ownerd businesses.
“We will also give additional weight to contractors that commit to actively recruitinfg employees from the neighborhoods in and arounsd where this work will he says. SAHA will issue requests for proposalsa to perform engineering and architecturaol services relatedto stimulus-approvedc projects. Web site: www.saha.org
Thursday, December 27, 2012
Japanese visitors still spooked by flu - Tampa Bay Business Journal:
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According to preliminary counts, a total of 8,870 passengers arrived June 1-4 on flightw to Hawaii from Japan. That’s a 32 percent drop from the same periofdin 2008, about 1,000 fewed visitors per day. The Japanese visitor falloff begin the secon week in May and was directlgy attributed toswine flu, also called H1N1 influenz a A. Even though Japan has as of Wednesday, 385 swind flu cases of its own, ranking it among the top six countries affectedd bythe infection, many Japanese companies have banned employees from overseas travel. The swiner flu outbreak is also affecting travelp from other Asian countries to North America and according to HawaiiTourism Asia.
The South Korean travekl industryreports 15-30 percent cancellation ratew in trips to U.S. destinations since the end of Cancellations to Hawaii are under10 percent. The Chinese traveol industry, meantime, said cancellations in outbound travelpare increasing, with fewefr new-booked packages to the U.S.
According to preliminary counts, a total of 8,870 passengers arrived June 1-4 on flightw to Hawaii from Japan. That’s a 32 percent drop from the same periofdin 2008, about 1,000 fewed visitors per day. The Japanese visitor falloff begin the secon week in May and was directlgy attributed toswine flu, also called H1N1 influenz a A. Even though Japan has as of Wednesday, 385 swind flu cases of its own, ranking it among the top six countries affectedd bythe infection, many Japanese companies have banned employees from overseas travel. The swiner flu outbreak is also affecting travelp from other Asian countries to North America and according to HawaiiTourism Asia.
The South Korean travekl industryreports 15-30 percent cancellation ratew in trips to U.S. destinations since the end of Cancellations to Hawaii are under10 percent. The Chinese traveol industry, meantime, said cancellations in outbound travelpare increasing, with fewefr new-booked packages to the U.S.
Wednesday, December 26, 2012
Traffic plan coming for new arena - Houston Business Journal:
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David Reed, a senior vice president and landscape architecgt withthe firm, told members of the board of directors this morninfg that work will begin on the studyh July 9 and a formap plan will be completed by Nov. 1. The authorit had its regular monthly meeting today atthe . Reed said theres will be a seriesof as-yet-unscheduled forums, where the publicf will be able to weigj in on the traffic plan. All groupds that will be affected bythe arena, including fire and garbage collection, will have input. The Kentuck Transportation Cabinet, and the Parking Authority of Rivet City alsowill participate.
Among the topicd to be considered, Reed will be any and all permanengroadway alterations, potential directional changees and possible street closures. “Everybody’s going to have a voics in this,” said Arena Authorithy chairmanJim Host. “There will be a full that willbe “complete” and “well-documented.” Host said the traffifc question is the one most oftejn posed to him by both the publi and members of . Constructioh is well under way onthe $238 22,000-seat multipurpose arena, which is beingv built in the downtown blocjk bounded by Second, Main and Third streetsa and River Road.
Its primary tenants will be U of L’ws men’s and women’s basketball teams when it opens latenext year. Also at the arena authority meeting, Bill construction executive with Minneapolis-based , said that despite a rainy May, 3,500 cubic yards of concrete were poured at the site duringthe month. Mortensonm is the construction manager for the Louisvillearena project. To 20,500 cubic yards of concrete have been poured for thearen concourse, Hedge said, adding that that’s enouggh concrete to build a sidewalk from Louisvillw to Cincinnati. Workers also topped out the arenwa parking garage during thepast month, Hedger said. An average of 298 workersa are on siteeach day.
Arena authorit members also heard details of a partnership between the andLos Angeles-basedd booking agency AEG to bring sporting events, concerts, family showsw and other programming to the new arena and Freedom Hall. “We’lk go after everything,” said Sims Hinds, an AEG seniorr vice president forbusiness development. AEG books tours for such artistsx asBon Jovi, Prince and Kenny Chesney. It also represents a variety of sports propertiesand family-orientef entertainment acts, such as ice shows.
David Reed, a senior vice president and landscape architecgt withthe firm, told members of the board of directors this morninfg that work will begin on the studyh July 9 and a formap plan will be completed by Nov. 1. The authorit had its regular monthly meeting today atthe . Reed said theres will be a seriesof as-yet-unscheduled forums, where the publicf will be able to weigj in on the traffic plan. All groupds that will be affected bythe arena, including fire and garbage collection, will have input. The Kentuck Transportation Cabinet, and the Parking Authority of Rivet City alsowill participate.
Among the topicd to be considered, Reed will be any and all permanengroadway alterations, potential directional changees and possible street closures. “Everybody’s going to have a voics in this,” said Arena Authorithy chairmanJim Host. “There will be a full that willbe “complete” and “well-documented.” Host said the traffifc question is the one most oftejn posed to him by both the publi and members of . Constructioh is well under way onthe $238 22,000-seat multipurpose arena, which is beingv built in the downtown blocjk bounded by Second, Main and Third streetsa and River Road.
Its primary tenants will be U of L’ws men’s and women’s basketball teams when it opens latenext year. Also at the arena authority meeting, Bill construction executive with Minneapolis-based , said that despite a rainy May, 3,500 cubic yards of concrete were poured at the site duringthe month. Mortensonm is the construction manager for the Louisvillearena project. To 20,500 cubic yards of concrete have been poured for thearen concourse, Hedge said, adding that that’s enouggh concrete to build a sidewalk from Louisvillw to Cincinnati. Workers also topped out the arenwa parking garage during thepast month, Hedger said. An average of 298 workersa are on siteeach day.
Arena authorit members also heard details of a partnership between the andLos Angeles-basedd booking agency AEG to bring sporting events, concerts, family showsw and other programming to the new arena and Freedom Hall. “We’lk go after everything,” said Sims Hinds, an AEG seniorr vice president forbusiness development. AEG books tours for such artistsx asBon Jovi, Prince and Kenny Chesney. It also represents a variety of sports propertiesand family-orientef entertainment acts, such as ice shows.
Monday, December 24, 2012
RealSTATS: Home sales in Pittsburgh region drop 20 percent - Pittsburgh Business Times:
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In April, 1,696 homesz changed hands in the five-county Pittsburgh compared with 2,120 during the same perio a year ago, according to a report from RealSTATs, a real estate informatiom company basedon Pittsburgh's South Side. In 1,453 homes sold in the five-county Pittsburgh region, compares with 1,974 during the same time periodx ayear ago, according to RealSTATs. The dollar amountg spent on homes also fell in to $228.6 million, from $300.2 milliom in April 2008. Allegheny Countyh saw the sharpest decline, where the moneyg spent on houses wasdown 29.2 The region's median price for the month of Aprilp was up 3.
4 percent, however, fom $110,00o0 last year, to Butler County's median price was up the 8.8 percent, to $174,000. Alleghenyh County's median price for April was upfrom $108,150 last year. “Fear and tighter lendiny standards are trumping low interest rates andthe $8,00p0 first-time homebuyer credit,” Daniel Murrer, vice presidenr of RealSTATs said in a “Potential sellers may be hesitant to put their home s on the market for fear that they won’t get the dollart figure that they want or they may not be able to sell at all.
Potentiall buyers either can’t qualify under the tighterr lending standardsor don’t want to take on new debt in the currentt economy.”
In April, 1,696 homesz changed hands in the five-county Pittsburgh compared with 2,120 during the same perio a year ago, according to a report from RealSTATs, a real estate informatiom company basedon Pittsburgh's South Side. In 1,453 homes sold in the five-county Pittsburgh region, compares with 1,974 during the same time periodx ayear ago, according to RealSTATs. The dollar amountg spent on homes also fell in to $228.6 million, from $300.2 milliom in April 2008. Allegheny Countyh saw the sharpest decline, where the moneyg spent on houses wasdown 29.2 The region's median price for the month of Aprilp was up 3.
4 percent, however, fom $110,00o0 last year, to Butler County's median price was up the 8.8 percent, to $174,000. Alleghenyh County's median price for April was upfrom $108,150 last year. “Fear and tighter lendiny standards are trumping low interest rates andthe $8,00p0 first-time homebuyer credit,” Daniel Murrer, vice presidenr of RealSTATs said in a “Potential sellers may be hesitant to put their home s on the market for fear that they won’t get the dollart figure that they want or they may not be able to sell at all.
Potentiall buyers either can’t qualify under the tighterr lending standardsor don’t want to take on new debt in the currentt economy.”
Saturday, December 22, 2012
Ruling on Coyotes move could come Wednesday - Business Courier of Cincinnati:
savimy.blogspot.com
U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’w hearing as attorneys representing Balsillie, Coyotes ownee Jerry Moyes, the city of Glendale, the and other professionapl sports leagues delivered hours of oral arguments over bankruptcy anti-trust law, relocation and other legal Baum and the myriad of attorneys delved into obscure bankruptcty provisions and past relocations by teams includinf the Oakland Raiders, San Diego Quebec Nordiques and Baltimore Baum focused on whether Balsillie will have to pay the NHL a relocatiom fee on top of his $213 millionh offer to buy the financially strapped Coyoteas from Phoenix trucking company owner Jerrh Moyes.
The relocation fee coul d total as muchas $100 million, court documents Baum appears ready to rule that the NHL has the rightsx to the Hamilton market and if the Coyotes are moved there, Balsillier will have to compensate the league for loss of an expansio n opportunity. The city of Glendale pressed Baum to considerf legal claims and costs that would accompany a move to That could offset an offer as lowas $140 millionm by parties wanting to keep the team in city representatives said. Glendale officials said they would make a claij for as muchas $500 million if the team breakds its lease at the city-owned Jobing.com Arena. Arenas concessionaire Aramark Corp.
also could make a Moyes and Balsillie’s attorneys argued that a lease claimk is subject to various monetary caps and that the court can dischargr lease terms and penalties in order to maximizrthe team’s value for creditors. Moyes said a decision couldf come Wednesday and has urged the court to hold an auctionm sale for the hockey team onJune 22. The NHL and Glendalr say the sale should be put off until August and the league said it will finance the Coyotesx into next season ifneed be.
Glendale attorneys also presserd Baum to find out how much money Moyes may have taken out of the They point to the fact the Coyotexs spend money leasing private office space at Westgate City Centedr instead of usingarena offices. Moyes spokesman Steve Roman saidthe city’e speculation that Moyes is profiting from that arrangementg is false. Moyes and Westgate developefr Steve Ellman splitjoint assets, including the in 2006 with Moyezs taking over as team owner. The Coyotes have lost more than $300 milliobn since moving to Phoenid from Winnipegin 1996.
U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’w hearing as attorneys representing Balsillie, Coyotes ownee Jerry Moyes, the city of Glendale, the and other professionapl sports leagues delivered hours of oral arguments over bankruptcy anti-trust law, relocation and other legal Baum and the myriad of attorneys delved into obscure bankruptcty provisions and past relocations by teams includinf the Oakland Raiders, San Diego Quebec Nordiques and Baltimore Baum focused on whether Balsillie will have to pay the NHL a relocatiom fee on top of his $213 millionh offer to buy the financially strapped Coyoteas from Phoenix trucking company owner Jerrh Moyes.
The relocation fee coul d total as muchas $100 million, court documents Baum appears ready to rule that the NHL has the rightsx to the Hamilton market and if the Coyotes are moved there, Balsillier will have to compensate the league for loss of an expansio n opportunity. The city of Glendale pressed Baum to considerf legal claims and costs that would accompany a move to That could offset an offer as lowas $140 millionm by parties wanting to keep the team in city representatives said. Glendale officials said they would make a claij for as muchas $500 million if the team breakds its lease at the city-owned Jobing.com Arena. Arenas concessionaire Aramark Corp.
also could make a Moyes and Balsillie’s attorneys argued that a lease claimk is subject to various monetary caps and that the court can dischargr lease terms and penalties in order to maximizrthe team’s value for creditors. Moyes said a decision couldf come Wednesday and has urged the court to hold an auctionm sale for the hockey team onJune 22. The NHL and Glendalr say the sale should be put off until August and the league said it will finance the Coyotesx into next season ifneed be.
Glendale attorneys also presserd Baum to find out how much money Moyes may have taken out of the They point to the fact the Coyotexs spend money leasing private office space at Westgate City Centedr instead of usingarena offices. Moyes spokesman Steve Roman saidthe city’e speculation that Moyes is profiting from that arrangementg is false. Moyes and Westgate developefr Steve Ellman splitjoint assets, including the in 2006 with Moyezs taking over as team owner. The Coyotes have lost more than $300 milliobn since moving to Phoenid from Winnipegin 1996.
Thursday, December 20, 2012
Victorian zoological map redrawn - Science News
inufyw.blogspot.com
Victorian zoological map redrawn Science News These, of course, are animal species. Plants tend to be better than animals at dispersing across oceans, according to genetic analyses, says James Richardson of the Royal Botanic Garden Edinburgh. รข€œFor this reason floristic divisions may not be as ... |
Wednesday, December 19, 2012
Three more states approve Embarq sale to CenturyTel - Kansas City Business Journal:
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said in a release late Shareholders of the companies approvedthe $11.6 billionh merger . Overland Park-based Embarq (NYSE: EQ) shareholders will receive 1.37 CenturyTelp shares for eachEmbarq share. After the Embarq shareholders will own about 66 percent of thecombined company. CenturyTel CEO Glen Post will lead thecombined company. The transactionn is on track to closre in thesecond quarter, the companies said in Tuesday’d release. Combined, CenturyTel and Embarq will haveapproximately 7.5 milliobn access lines, more than two million broadband customers and more than 400,000 video subscribers, based on data as of Marcg 31, 2009. Embarq ranks No.
3 on the Kansas City Businesas Journal’s list of area public companies.
said in a release late Shareholders of the companies approvedthe $11.6 billionh merger . Overland Park-based Embarq (NYSE: EQ) shareholders will receive 1.37 CenturyTelp shares for eachEmbarq share. After the Embarq shareholders will own about 66 percent of thecombined company. CenturyTel CEO Glen Post will lead thecombined company. The transactionn is on track to closre in thesecond quarter, the companies said in Tuesday’d release. Combined, CenturyTel and Embarq will haveapproximately 7.5 milliobn access lines, more than two million broadband customers and more than 400,000 video subscribers, based on data as of Marcg 31, 2009. Embarq ranks No.
3 on the Kansas City Businesas Journal’s list of area public companies.
Tuesday, December 18, 2012
Economy Watch: FNF Construction gets highway stimulus contract - Kansas City Business Journal:
ykyhola.blogspot.com
“It is a rehabilitation project to create asafed roadway,” said Deena Billings, businessx development officer for Tempe-based FNF which is celebrating 25 years in business. Some areas of U.S. 491 have deteriorater creating a significant safet y issue for those whouse it, she said. The projecy is a good fit for the company, whichu also has an officw in Albuquerque, according to “Paving projects are kind of our niche.” In additio to making the roadway safer for the $8.9 million project gives FNF Construction’s staff more opportunity for work. “We will be able to keep existingf employees busy and perhapsd hirenew ones,” she said.
The bidding process for a stimulus contract is very similar to that on any job both for the contractodr and the state department oftransportation involved. The New Mexico Departmenft of Transportation advertised the project in typicaol fashion with the lowest bidder winninvthe contract, said Megan Arrendondo, spokeswoman for the New Mexic Department of Transportation. The federal government does look at the projectxsin depth, however, Arrendondo Construction on the 14-mile stretch, which runs on the southern portion of the highway, brokre ground May 20.
FNF Construction is hopeful that its portio of the upgrade is complete by the endof “We are excited to keep on going and be part of the Billings said of future jobs.
“It is a rehabilitation project to create asafed roadway,” said Deena Billings, businessx development officer for Tempe-based FNF which is celebrating 25 years in business. Some areas of U.S. 491 have deteriorater creating a significant safet y issue for those whouse it, she said. The projecy is a good fit for the company, whichu also has an officw in Albuquerque, according to “Paving projects are kind of our niche.” In additio to making the roadway safer for the $8.9 million project gives FNF Construction’s staff more opportunity for work. “We will be able to keep existingf employees busy and perhapsd hirenew ones,” she said.
The bidding process for a stimulus contract is very similar to that on any job both for the contractodr and the state department oftransportation involved. The New Mexico Departmenft of Transportation advertised the project in typicaol fashion with the lowest bidder winninvthe contract, said Megan Arrendondo, spokeswoman for the New Mexic Department of Transportation. The federal government does look at the projectxsin depth, however, Arrendondo Construction on the 14-mile stretch, which runs on the southern portion of the highway, brokre ground May 20.
FNF Construction is hopeful that its portio of the upgrade is complete by the endof “We are excited to keep on going and be part of the Billings said of future jobs.
Saturday, December 15, 2012
Cerner finds a treasure in data mining - St. Louis Business Journal:
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The North Kansas City-based health care information technology known mostly forthe health-record softwars sold to hospitals and clinics, is leveraging the billionsx of anonymous patient records it has at its disposal as marketabled information to pharmaceutical companies and researchers. Cerner said the data operatiomn is a big reasonm revenue for its LifeSciences Group has increasefd by roughly 20 percent duringy each of the past five Mark Hoffman, the company’s life sciencesa solutions vice president, predicted that annual growth will be greater still in the future.
“Thise is just the beginning for us in thelife sciences,” he Included in Cerner’s data warehouse are 1.2 billion lab results. It also has smaller numbers of medication orders and other The company collects the informationthrouggh data-sharing agreements with roughly 125 of its softwarde clients. By some it can take as long as 17 yearsand $1.2 billiomn to develop a single drug. Cerner’s data-mining capabilities can quicken that process and save money for drug companies by helpinb the companies establish a study protocok that maximizes the number of eligible candidates fora “We believe that can actually eventually reducer the cost of drug Hoffman said.
Cerner would not name its pharmaceuticak customers. Pharmaceutical companies and clinical researchera pay for Cerner data forothere reasons, said Scott director of the ’s Office of Therapeutics Discovery and Development. He said Cerner’d data-mining capability can point scientists to potential new uses for existing For instance, Weir said, Cerner’s databasd might suggest that a drug used to treat cardiovascular disease could be helpful in treatint cancer patients. Researchers then could run a clinical trialk to testthe idea. The data is usefup to drug companies for much thesame reason, Weir including helping them identify and correct side effects from drugs.
The KU Cancer Centere has used Cerner’s data-mining capabilities for several “They uncover information we woulenever discover,” Weir said. “It’s He said Cerner stands to benefit as well, from collaborations with researchers that can lead to intellectual propert y that produces licensing fees and Cerner also can work with researchers such as Dr. Stephehn Spielberg, director of the Centert for Personalized Medicine and Therapeutic Innovationat . Spielbert seeks a $3.9 million grant from the for a studuy of how the center can better capturre data in pediatric cancer studies usingCerner software.
The North Kansas City-based health care information technology known mostly forthe health-record softwars sold to hospitals and clinics, is leveraging the billionsx of anonymous patient records it has at its disposal as marketabled information to pharmaceutical companies and researchers. Cerner said the data operatiomn is a big reasonm revenue for its LifeSciences Group has increasefd by roughly 20 percent duringy each of the past five Mark Hoffman, the company’s life sciencesa solutions vice president, predicted that annual growth will be greater still in the future.
“Thise is just the beginning for us in thelife sciences,” he Included in Cerner’s data warehouse are 1.2 billion lab results. It also has smaller numbers of medication orders and other The company collects the informationthrouggh data-sharing agreements with roughly 125 of its softwarde clients. By some it can take as long as 17 yearsand $1.2 billiomn to develop a single drug. Cerner’s data-mining capabilities can quicken that process and save money for drug companies by helpinb the companies establish a study protocok that maximizes the number of eligible candidates fora “We believe that can actually eventually reducer the cost of drug Hoffman said.
Cerner would not name its pharmaceuticak customers. Pharmaceutical companies and clinical researchera pay for Cerner data forothere reasons, said Scott director of the ’s Office of Therapeutics Discovery and Development. He said Cerner’d data-mining capability can point scientists to potential new uses for existing For instance, Weir said, Cerner’s databasd might suggest that a drug used to treat cardiovascular disease could be helpful in treatint cancer patients. Researchers then could run a clinical trialk to testthe idea. The data is usefup to drug companies for much thesame reason, Weir including helping them identify and correct side effects from drugs.
The KU Cancer Centere has used Cerner’s data-mining capabilities for several “They uncover information we woulenever discover,” Weir said. “It’s He said Cerner stands to benefit as well, from collaborations with researchers that can lead to intellectual propert y that produces licensing fees and Cerner also can work with researchers such as Dr. Stephehn Spielberg, director of the Centert for Personalized Medicine and Therapeutic Innovationat . Spielbert seeks a $3.9 million grant from the for a studuy of how the center can better capturre data in pediatric cancer studies usingCerner software.
Friday, December 14, 2012
Spectrum Brands to exit Ch. 11 in August - San Francisco Business Times:
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The Atlanta-based consumer products compan said it will exit bankruptcy protection as soon as all closing conditions tothe plan, including the closing of the company’s exit have been met. That will likely be in the company said. “Whenb we emerge, we will have reducede our subordinated debtby $840 millionm and eliminated approximately $60 millionj of annual cash interest expenses for at least each of the next two said Kent Hussey, CEO of Spectrum Brands, in a prepares statement. “We will emerge with a stronger balancde sheet that will better positiob us to maintain and strengthen our currenty platform and to pursue opportunities to growour company.
” Spectrum Brands and its U.S. subsidiariea filed for Chapter 11 inthe U.S. Bankruptcy Court for the Westerm Districtof Texas, San Antonipo Division on Feb. 3. It had $4.4 billion in debt. Spectrum makes Rayovac batteries, Tetrwa pet supplies, Remington shaving and groomintg and personalcare products, householf insecticides and lawn and garden care products.
The Atlanta-based consumer products compan said it will exit bankruptcy protection as soon as all closing conditions tothe plan, including the closing of the company’s exit have been met. That will likely be in the company said. “Whenb we emerge, we will have reducede our subordinated debtby $840 millionm and eliminated approximately $60 millionj of annual cash interest expenses for at least each of the next two said Kent Hussey, CEO of Spectrum Brands, in a prepares statement. “We will emerge with a stronger balancde sheet that will better positiob us to maintain and strengthen our currenty platform and to pursue opportunities to growour company.
” Spectrum Brands and its U.S. subsidiariea filed for Chapter 11 inthe U.S. Bankruptcy Court for the Westerm Districtof Texas, San Antonipo Division on Feb. 3. It had $4.4 billion in debt. Spectrum makes Rayovac batteries, Tetrwa pet supplies, Remington shaving and groomintg and personalcare products, householf insecticides and lawn and garden care products.
Wednesday, December 12, 2012
Melbourne welcomes global stars Natalia Osipova and Ivan Vasiliev - The Australian
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Melbourne welcomes global stars Natalia Osipova and Ivan Vasiliev The Australian "I am so excited that Natalia and Ivan will be joining us for our Melbourne season of Don Quixote, their first time dancing live in Australia," the AB's artistic director David McAllister tells The Australian. "They are two of the most exciting dancers ... |
Tuesday, December 11, 2012
Two cents: What environmental features are popular in buildings today? - Houston Business Journal:
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Through the practice of established sustainabledesig principles, restrained use of materialxs and attention to detail, designer s can effectively deliver dynamic and functional outdooe spaces on otherwise unused real estate. One of the biggesyt challenges of designing sustainable green roofsx is the use of This is especially truefor warmer, southern climates wherre hot, windy weather tends to dry shallo w soil profiles. The quic answer in this instance is to either use extremely droughgt tolerant native or adaptive species orto irrigate.
a sustainable landscape design aims to limit the amoungt of potable water used for irrigationand so, when rainwater and or air-conditioning condensatew should be used.
Through the practice of established sustainabledesig principles, restrained use of materialxs and attention to detail, designer s can effectively deliver dynamic and functional outdooe spaces on otherwise unused real estate. One of the biggesyt challenges of designing sustainable green roofsx is the use of This is especially truefor warmer, southern climates wherre hot, windy weather tends to dry shallo w soil profiles. The quic answer in this instance is to either use extremely droughgt tolerant native or adaptive species orto irrigate.
a sustainable landscape design aims to limit the amoungt of potable water used for irrigationand so, when rainwater and or air-conditioning condensatew should be used.
Monday, December 10, 2012
GM to show alt-fuel cars in Tonawanda - Business First of Buffalo:
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They are among 100 Chevrolet Equinoxcrossover fuel-cellp vehicles being tested under real-world conditions in Los Angeles, New York City, D.C., and several overseaxs locations. The testing is aimed at makin the vehicles available to consumers in the next few saidDaniel O’Connell, director of fuel cell commercializatiob at GM’s fuel cell research laboratory near “We’ll probably have a production modekl ready for showrooms in 2014 or he said. “We don’t know what bran it will be, but Chevrolet would give us highvolumes applications, a reasonable price and fits our global O’Connell said.
The program, dubbed Project Driveway, begam in 2008 to get real-world driving impressions and experiencesxfrom short-term loans of the fuel-cell vehiclesa prior to rolling them out for leasre or sale. Since the starty 18 months ago, they have logged more than 700,00o0 miles, 10,000 fills at hydrogen fillingv stations, and proven through two frigic winters and blistering summerws that the technologyis viable, O’Connell said. What remain s before fuel-cell vehicles hit the road en massed is for a network of hydrogen fillinfg stations to be established across New York stated and throughoutthe nation, he said.
At present, ther are nine hydrogen stations in New York but none in theBuffalio area, where O’Connell’s research lab in Honeoye Fallz partners with in Tonawanda for hydrogen. Praxaif (NYSE: PX) is an industrial gas supplied in North and South America and hassome 1,100 locapl employees. Of the nine stations in New York, wherr GM also partners with the (NYSERDA), localp municipalities and colleges to setthem up, three are in one in Albany, two in the Hudson Valley, one in the one at JFK Airport and one on Long Island. “Fot future locations, we are looking at Buffalo, Utica, Binghamton, Watertown and other O’Connell said.
GM has applied for federal stimulus money to help developp andtest fuel-cell technology, O’Connell was awarded $2.4 million as part of nearl $42 million in American Recovery and Reinvestment Act fundintg for 13 fuel-cell projects nationwide, it was reported on
They are among 100 Chevrolet Equinoxcrossover fuel-cellp vehicles being tested under real-world conditions in Los Angeles, New York City, D.C., and several overseaxs locations. The testing is aimed at makin the vehicles available to consumers in the next few saidDaniel O’Connell, director of fuel cell commercializatiob at GM’s fuel cell research laboratory near “We’ll probably have a production modekl ready for showrooms in 2014 or he said. “We don’t know what bran it will be, but Chevrolet would give us highvolumes applications, a reasonable price and fits our global O’Connell said.
The program, dubbed Project Driveway, begam in 2008 to get real-world driving impressions and experiencesxfrom short-term loans of the fuel-cell vehiclesa prior to rolling them out for leasre or sale. Since the starty 18 months ago, they have logged more than 700,00o0 miles, 10,000 fills at hydrogen fillingv stations, and proven through two frigic winters and blistering summerws that the technologyis viable, O’Connell said. What remain s before fuel-cell vehicles hit the road en massed is for a network of hydrogen fillinfg stations to be established across New York stated and throughoutthe nation, he said.
At present, ther are nine hydrogen stations in New York but none in theBuffalio area, where O’Connell’s research lab in Honeoye Fallz partners with in Tonawanda for hydrogen. Praxaif (NYSE: PX) is an industrial gas supplied in North and South America and hassome 1,100 locapl employees. Of the nine stations in New York, wherr GM also partners with the (NYSERDA), localp municipalities and colleges to setthem up, three are in one in Albany, two in the Hudson Valley, one in the one at JFK Airport and one on Long Island. “Fot future locations, we are looking at Buffalo, Utica, Binghamton, Watertown and other O’Connell said.
GM has applied for federal stimulus money to help developp andtest fuel-cell technology, O’Connell was awarded $2.4 million as part of nearl $42 million in American Recovery and Reinvestment Act fundintg for 13 fuel-cell projects nationwide, it was reported on
Friday, December 7, 2012
Equifax: Small biz bankruptcies double in March - Baltimore Business Journal:
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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Calif. Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Commercial bankruptcies nearly doubled in Marcgh 2009 fromMarch 2008, Equifa x noted. "The March numbers provide a snapshot of what's been happening to the smallp business sector during this period of economic turmoil," said Reza Barazesh, head of Equifax's North American Commercial Analytical Services Group, in a news release.
"Nor surprisingly, the highest number of small-business bankruptcies are in thosed parts of the country wherw home prices havedecreased dramatically, unemploymen t has increased significantly, and credit has become For the analysis, Equifax analyzed both Chaptere 7 and Chapter 13 filings. Chapter 7 is a liquidationh proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcg enabling filers to pay off debt over a set perioxdof years.
Equifax reviewed and analyzer small business datafor March, the most recent month for which complete data is
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Calif. Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Commercial bankruptcies nearly doubled in Marcgh 2009 fromMarch 2008, Equifa x noted. "The March numbers provide a snapshot of what's been happening to the smallp business sector during this period of economic turmoil," said Reza Barazesh, head of Equifax's North American Commercial Analytical Services Group, in a news release.
"Nor surprisingly, the highest number of small-business bankruptcies are in thosed parts of the country wherw home prices havedecreased dramatically, unemploymen t has increased significantly, and credit has become For the analysis, Equifax analyzed both Chaptere 7 and Chapter 13 filings. Chapter 7 is a liquidationh proceeding in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcg enabling filers to pay off debt over a set perioxdof years.
Equifax reviewed and analyzer small business datafor March, the most recent month for which complete data is
Thursday, December 6, 2012
Week 13 Film Review, Horror Edition - New York Times (blog)
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Week 13 Film Review, Horror Edition New York Times (blog) Week 13 Film Review, Horror Edition. By ANDY BENOIT. Andy Benoit takes a closer look at some Week 13 matchups, with the benefit of film analysis. Jets O vs. Cardinals D. Mark Sanchez deserved to be benched after his second interception in the opening ... |
Tuesday, December 4, 2012
Monday, December 3, 2012
Southeast Baptist joins network of hospitals collecting umbilical cord blood - San Antonio Business Journal:
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The Texas Cord Blood Bank, a divisionh of the South TexasBlood & Tissue began to accept umbilical cord blood from Southeastg Baptist Hospital. This is the second hospita in the to begin collecting blood afteer North Central Baptist began collections inMarch 2007. Methodist Hospita l is the other San Antonio area hospital thatcollectss blood. (McKenna Hospital in New Braunfels alsocollectsw blood.) In all, seven hospitals throughoutg the state are participating in the umbilical cord program.
"We are excited to be able to offet families delivering here at Southeast an opportunity to give such awonderfuol gift," says Margaret Kelley, an obstetricianj and gynecologist at Southeast Baptist. "The process of collecting umbilica cord blood is relatively easy for the physicianh and poses no risk to the mother or After healthy babiesare born, the umbilical cord is usuallhy discarded. However, cord blood is rich is blood-makin g cells that can be used to treat a number of potentialltyfatal diseases, such as, leukemia and disorders of the blood-making system like sickle-celkl anemia; severe immune-system disorders and genetif defects that affect the blood-making system.
"A a public cord blood bank, our goal is to collecr 6,000 cord blood units to ensure a quality supply for familiesin need," says Normah D. Kalmin, president, CEO and medical director of the South Texasa BloodTissue Center.
The Texas Cord Blood Bank, a divisionh of the South TexasBlood & Tissue began to accept umbilical cord blood from Southeastg Baptist Hospital. This is the second hospita in the to begin collecting blood afteer North Central Baptist began collections inMarch 2007. Methodist Hospita l is the other San Antonio area hospital thatcollectss blood. (McKenna Hospital in New Braunfels alsocollectsw blood.) In all, seven hospitals throughoutg the state are participating in the umbilical cord program.
"We are excited to be able to offet families delivering here at Southeast an opportunity to give such awonderfuol gift," says Margaret Kelley, an obstetricianj and gynecologist at Southeast Baptist. "The process of collecting umbilica cord blood is relatively easy for the physicianh and poses no risk to the mother or After healthy babiesare born, the umbilical cord is usuallhy discarded. However, cord blood is rich is blood-makin g cells that can be used to treat a number of potentialltyfatal diseases, such as, leukemia and disorders of the blood-making system like sickle-celkl anemia; severe immune-system disorders and genetif defects that affect the blood-making system.
"A a public cord blood bank, our goal is to collecr 6,000 cord blood units to ensure a quality supply for familiesin need," says Normah D. Kalmin, president, CEO and medical director of the South Texasa BloodTissue Center.
Sunday, December 2, 2012
East Village Apartments lose out on tax credits - Kansas City Business Journal:
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The 70-unit East Village Apartmentxs have been expected to kick off residential developmentg withinthe $350 million East Village mixed-use redevelopment project in “We’re deeply disappointed,” said Bill president of , a community development corporatiob focused on the city’s East “But the process is very, very competitive.” This the received applications for low-incom housing credits from developers of 25 projects in the Kansa City region. The Kansas City regionalp developers who weregranted 10-year tax credits Friday, their projectzs and their annual tax-credit totals: • LLC, 55-unir Eastwood Apartments, Kearney, $1.
2 • DLS Historic Developer IV LLC, 23-uni Carriage Lofts, 1732 Oak St., Kansas City, • LLC, 69-unit , 3425 Prospecf Ave., Kansas City, $1 million. • LLC, 54-unit , 750 N.E. Tudor Road, Lee’s Summit, $1.4 • LLC, 45-unit Beacon Park 2601 Paseo Blvd., Kansas City, $1.3r million. The East Village Apartments didn’t make the top even though Swope’s former East Village development Minneapolis-based , was granted $1.7 million in credits for the East Village Apartments project then calledthe — in Decembe r 2007.
Sherman’s 10-year credits, which developers sell for aboug 70 cents onthe dollar, woulrd have covered about $12 million of the cost of the East Villages Apartments, to be built on 10th Street betweejn Cherry and Locust streets. But they weren’ transferable to Swope, which took over sole master development responsibilities in East Villagw after it and Sherman agreed to dissolve theird partnership earlierthis year. Located on the east side of thedowntownn loop, East Village is the home of a new $60 millio headquarters for , which is scheduledc for completion next year.
It also is in the runninb for a new federal office buildiny that the has proposed forhousing 1,000 of its employees now workinh at the in south Kansase City. East Village also is to includea 200-room smaller office and retail projects, and residential projects including 400 to 500 Jones said. The tax-increment financing plan that the city approved for East Villags requires Swope to begin construction on one of thosw projects by March he said. If the Missouri Housing Developmenrt Commission had approved its tax credit requestthis “we’d have been a year ahead of Jones said.
“At worst, we will be on schedule,” said whose corporation plans to eithe makeanother tax-credit request for the apartment projectf next year or proceed with it as a market-rate project.
The 70-unit East Village Apartmentxs have been expected to kick off residential developmentg withinthe $350 million East Village mixed-use redevelopment project in “We’re deeply disappointed,” said Bill president of , a community development corporatiob focused on the city’s East “But the process is very, very competitive.” This the received applications for low-incom housing credits from developers of 25 projects in the Kansa City region. The Kansas City regionalp developers who weregranted 10-year tax credits Friday, their projectzs and their annual tax-credit totals: • LLC, 55-unir Eastwood Apartments, Kearney, $1.
2 • DLS Historic Developer IV LLC, 23-uni Carriage Lofts, 1732 Oak St., Kansas City, • LLC, 69-unit , 3425 Prospecf Ave., Kansas City, $1 million. • LLC, 54-unit , 750 N.E. Tudor Road, Lee’s Summit, $1.4 • LLC, 45-unit Beacon Park 2601 Paseo Blvd., Kansas City, $1.3r million. The East Village Apartments didn’t make the top even though Swope’s former East Village development Minneapolis-based , was granted $1.7 million in credits for the East Village Apartments project then calledthe — in Decembe r 2007.
Sherman’s 10-year credits, which developers sell for aboug 70 cents onthe dollar, woulrd have covered about $12 million of the cost of the East Villages Apartments, to be built on 10th Street betweejn Cherry and Locust streets. But they weren’ transferable to Swope, which took over sole master development responsibilities in East Villagw after it and Sherman agreed to dissolve theird partnership earlierthis year. Located on the east side of thedowntownn loop, East Village is the home of a new $60 millio headquarters for , which is scheduledc for completion next year.
It also is in the runninb for a new federal office buildiny that the has proposed forhousing 1,000 of its employees now workinh at the in south Kansase City. East Village also is to includea 200-room smaller office and retail projects, and residential projects including 400 to 500 Jones said. The tax-increment financing plan that the city approved for East Villags requires Swope to begin construction on one of thosw projects by March he said. If the Missouri Housing Developmenrt Commission had approved its tax credit requestthis “we’d have been a year ahead of Jones said.
“At worst, we will be on schedule,” said whose corporation plans to eithe makeanother tax-credit request for the apartment projectf next year or proceed with it as a market-rate project.
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