воскресенье, 29 апреля 2012 г.

Minnesota banks saw profits hit in Q3 - Minneapolis / St. Paul Business Journal:

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While about two-thirds of the Twin 119 banks were profitable in the third seven Twin Cities banks lost morethan $2 million in the third quarter. The bigges t loser was , basec in Minneapolis, which lost $9.1 million for the quarterf on assetsof $320 bringing its total losses for the firsrt nine months of 2008 to $77.5 million. Next was , baser in Maple Grove, which lost $7.8 milliom on assets of $858 million. The which does business as Interbank and is one ofthe state’s largesrt savings and loans, agreed earlier this month to be sold to Va.-based Interbank has been hit hard by the housing crisis. Its profitw have been on a downward spiral for the past Itlost $3.
5 million in the second quartef and $5.2 million in the first quarter. The loses were from a combinationnof write-downs or loses on sales of as well as increasexd allowances for future losses, said Fred president and CEO of “You just keep plowing through this stuff and in the processx we’ve taken some hits, but our goal is maintai n our well-capitalized position,” Stelter said. , of Forest Lake, lost $5.6 millioh on assets of $463.6 million. It has downsizecd its pool of lenders inrecent months. The loss is from loan loss saidKaren Greisinger, a spokeswoman for the bank. Mainstreet officials expect the bank to profitable by the firsft quarterof 2009.
in Minnetonka lost $3.9 million on assets of $345.2 million. of St. Paul in St. Paul, lost $2.8 milliom on assets of $673.7 million. The bank lost monehy its preferred stock holdings in Fanni e Mae andFreddie Mac, said John its president. in Otsego, and in Hudsonb each also lost morethan $2 millionh for the third quarter. , basex in Madison, Wis., whicn has several branches inthe western-Wisconsin portion of the Twin Citiex metro area, lost $21.8 million and had that state’s second-steepestt losses. AnchorBank is different from Wayzata-based , which was profitablw this quarter.
On a brighter note, the metro area’es biggest loser of the secondquartefr 2008, , which lost $388 million on assets of $57.7 billion, was profitablr this quarter. M&I, which is baserd in Milwaukee but has a growing TwinCitiesw presence, this quarter was Wisconsin’s most profitable bank with incomer of $78.6 million on assetw of $56.9 billion.

пятница, 27 апреля 2012 г.

BAE Systems inks $190M Army contract - Jacksonville Business Journal:

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The kits, known as will be used as part ofthe Army’d long-term armor strategy for its familg of medium tactical vehicles. An armore cab allows one of the tactical vehicles tooperate on- and off-road in non-tactical and low-threat tactical environments with minimal vehicle The crews can increase their protectiohn during periods of increased threat levels by installing the B-kits, or armor. The FMTV LTAS B-kits will be delivereed beginning in April 2009 through August 2010 for use oncarglo trucks, wreckers, expansible vans, shop vans and The B-kits will be made at various London-based BAE Systen facilities and suppliers, including in Sealy.
The transparent armor, armoreed cab hatch, and other armor elements are beingb produced at the BAE Systemw facilityin Cincinnati, Ohio.

среда, 25 апреля 2012 г.

UGuardU monitoring device boosts company

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percent to $10.34 million, CEO Patricki McCloskey challenged his team to find a way to keep fromcuttingf staff. “Let’s innovate during this time,” he Faced with sinking demand for its servicewsinstalling security, computer and entertainmenyt systems, the Wilsonville company responded. The privatelyg held firm formerly known as launched UGuardUin April. The new service lets customersx monitor homes and businesses over the UGuardU was born when a bank inquired abou using technology to monitor foreclosed homefor break-ins and squatters. The bank didn’t become a but the question inspiredd Technocom to come upwith UGuardU.
The system marries high resolution Swedish cameras with customized softwares that lets customers view live images from anyInternet connection, even smart phones. The systemm can be customized to notify subscriberzs when there isan event. It also flagsz activity to save customers from watching hourd of video topinpointf incidents. The cameras cost $199 each to Monthly connection fees startat $10 and rise from therew if customers decide to save video to Technocom’se secured servers. Technocom expects UGuardU to grow intoa $1.5 millioh business by 2010. Newberg Ford Mercuryu is one of its first The rural dealership sells about 400 vehiclesa year.
It was looking for a low-costf way to monitor its lot both for troubled and forprospective customers. Thievex took several vehicles abouy fouryears ago. Owner John Kerekanichb ruled out fencing the lot becausre he feared it would dissuade He looked into commercialsecurityh systems, but discovered they were too The layout of the dealership posed anothe r challenge. Landscaping and a slight slope make it difficult forthe eight-membefr sales crew to see peopl entering the dealership. Missed customers are missed opportunitieswto sell. The dealership plans to mount a camerwa on top of the building and feed the video to thesaleas managers’ computer and a laptop in the sales room.
When visitorxs enter the lot, the system will signalk the sales team. “It’s perfect,” said Kerekanich. “Itf somebody’s out there, they can see it instantlyu and they can go out and engagewthe customer.” Technocom is marketing UGuardU as a securitu service to its existing customers. Residential sales manage r Matt Mosley saida full-fledged advertising campaignb will likely follow as the service gainds an audience. Potential customers includre people who want to monitor vacation home s orwork places. Not all users are mindfulk about security or solvingbusiness problems.
One of its firsy private customers was simply a dog ownef who suspected his pooch was raiding the He wantedvideo evidence. Technocok installed a camera inthe kitchen. To date, the dog has avoidecd detection. Technocom itself does not monitor the vide o captured by the camerasit “That’s your job,” said Gabe Authier, director of informatiom technology.

вторник, 24 апреля 2012 г.

Season that began with hope and hype for Canucks ends in disappointment - Washington Post

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Los Angeles Times


Season that began with hope and hype for Canucks ends in disappointment

Washington Post


A season that began with considerable hype and hope ended Sunday in disappointment and dismay. The Canucks lost 2-1 in overtime to the Los Angeles Kings, f »

воскресенье, 22 апреля 2012 г.

bizjournals: Midwest home sales in slump

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Existing home sales fell 13.7 and median prices were $160,400 down 0.2 percent from Marcjh 2006. In some markets, the news was even As in other regions ofthe country, the Midwesg is struggling with a tightedr mortgage market and a rise in The reports that home saless in the Twin Citiews for the first quarter of 2007 were at their lowest level in 10 years. The which used data from the Saintg Paul Area Association of said therewere 7,879 reported closed home sales duringv the first quarter of 2007 in the 13-countyh metro, down 14.91 percent from first quarter of 2006. The studgy also said that the median price of homees sold during this periodwas $223,000, a declined of 0.
89 percent from one year ago. The biggesft market in Midwest, , is in the midsy of its steepest sales declinein Crain's Chicago Business reports. Crain' s reports that new home sales fell 35 percent in thefirsty quarter, the steepest decline in 11 years. The reports in addition to a brutal winter, sales were affectex by the expectations of buyers and Sellers have been slow to come off the high prices they expectecd when the marketwas booming. meanwhile, have been slow to pay anything but the lowest InKansas City, the sales of new and existing homeas in February were 3 percentg less than the same month last year.
Sales of new houseas increased 6 percent to 364 from 345 in Januaru and decreased 24 percent from 476 last Sales of existing housex rose 18 percentto 1,749 from 1,4756 in January and increased 2 percenr from 1,712 in Februart 2006. The average price for a new house in the Kansas City areawas $285,154 in February, up 7 percentg from $267,173 the previous The average price for an existinhg house was $148,694, up 1 percent from $147,795 last year. reportws home sales dropped 16 percent in March in Central Ohio compared with March putting the number of houses sold so far this year 5 percen belowlast year's levels.
The Columbus Boarc of Realtorssaid 1,966 existing homes were sold in the regio n in March, compared with 2,344 a year earlier. Foreclosuress have continued to risein , too, takingh a 24 percent jump in 2006 to "We've transitioned into a new environment where home pricesa are essentially flat and interest rated are on the rise," said Richard chief economist with Cleveland-based A tough market has led to picky particularly on the high end, reports. In Central Ohio, 89 houses sold for at least $1 million in 2005 afted spending an average of 154 days on the while last year 85 housedscosting $1 million or more were sold after beinf listed for an average of 180 days.
"I've nevef seen this much inventory inthe $1 million-plu s range," said John Kevin Sullivan, an agent at ReMax Premier Choice. The slump, as in other areas of the is alsohaving far-reaching effects on other businessee in the region. reports that the slowdown in the housingy market drained demand for water heaters madeby A.O. Smitbh in its latest quarter. In Columbus, , the bankruptcy of a high-endc home builder has left contractors holdingthe bag. Yoccqa Custom Homes' tumble came amid a downturnn in thehousing market.
Those difficulties have been especially acutdin Ohio, where foreclosure rates have reached record But for one of the contractors who worked with George Stottlemyer, that's cold comfort. "We talked on a Fridaty and they said you can pick up the checkon Monday," said Stottlemyer, the owner of At Grade Inc. The following Monday, Stottlemyer said Yocca Customj Homes' office was cleaned out.

среда, 18 апреля 2012 г.

Fitch endorses stadium bonds - Orlando Business Journal:

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The rating is based on ’s promise to provides up to a $100 million letter of The bank is obligated to make regularly scheduledx payments of principal and interestf onthe bonds. Wachovia was giveh an F+ rating the highest short-term ratingg – on its abilitgy to pay the principal and interest The remarketing agent for the bondwis , Pierce, Fenner & Smith Inc. The professional sportx franchise facilities tax variable rate revenue bonds are expectec to be delivered onJuly 14. Earliee this month, the Miami-Dade County Commission cleared the way for sale of the bondd to pay forthe $640 million stadium.
At that time, commissionersd agreed to raise Wachovia’s status as a creditor in the financingf package, allowing it to be paid firsf fromthe county’s list of creditors. Bond proceeds will be used to pay a portiomn ofthe county's contribution toward the construction of the baseball stadium at the Oranged Bowl site along with the county’s share of certain relaterd public infrastructure improvements.

понедельник, 16 апреля 2012 г.

Tranzyme Pharma mulls cash options to test drug - Triangle Business Journal:

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With solid results from phase II clinicao trialsin hand, Tranzyme Pharma has threre choices for its next move – findingg a partner, raising as much as $60 millionm or selling the company to underwrite human Vipin Garg, the Durham company’s president and CEO, says phas e III clinical trials on Tranzyme’w lead drug, a treatment to help restorer the gastrointestinal tract to normakl function following abdominal surgery, are scheduled to starft early next year.
Garg says his compan y is talking with six large pharmaceutical companiesz based in the United States and abroaxd about a partnership or even a sale of the compant that couldtake Tranzyme’s drug s all the way to A third option is another rounx of financing for the venture-backed Tranzyme has raised $60 million to date from investorsx including , Quaker BioVentures and . “We believde there’s a deal to be done,” Garg “It’s a question of, can we find the righr deal?” Tranzyme’s lead drug, TZP-101, treatx a condition called postoperative ileus. Following intestinal the gastrointestinal tract sometimes can cease functioning says Dr.
Greg Waters, a colorectap surgeon at . The condition essentially paralyzesdthe intestines, which temporarily stop digestintg food and liquids. Waters says doctors don’t know exactly what causes postoperative ileus. But doctors believe the conditiob may be a response to the handling of intestineds during surgery as well as the effectof pain-killinvg narcotic drugs. For patients, it means discomfort and nauseq that can last anywher e from a few days totwo weeks. Garg says that by restorinfg patients’ intestinal function more quickly, TZP-101q could help patients recover sooner and shortem theirhospital stays.
Three years ago, Tranzyme consideredr financing drug development and clinical trials of the drug by raisingbetweeh $60 million and $80 million in an initial public stock offering. Poor market conditions kept the companyg from pursuingan IPO, Garg Tranzyme CFO Richard Eisenstadt says it might still be hard for Tranzymre to pursue an IPO even when markeyt conditions improve. There’s a backlotg of companies that have had IPOson hold, and investorsz might also be looking for companiese that are much closer to bringing in he explains. Eisenstadt says Tranzymed has accessto $20 million, which is sufficientf to start phase III trialx for TZP-101 and to start phass II trials for TZP-102.
TZP-102 is a tablety to be administered on an outpatient It is intended totreat gastroparesis, a conditiohn in which damaged stomach nerves delauy digestion. Garg says TZP-102 could fill the need vacateeby Propulsid, a product developee by subsidiary that reachecd $1 billion in sales in 1999 befores being withdrawn in 2000 because it was linkefd to heart problems. Waters says only one drug on the markeft treatspostoperative ileus. The in May approved the drug developedby Exton, Pa.-based in partnership with . Waterds says Entereg blocks the effect of narcotice onthe intestines.
That’s a different approach than the one taken by Gargsays TZP-101 activates receptors in the gastrointestinak tract to restore intestina l function. There may be other companies looking to take other approachex to treatingpostoperative ileus. Waters says he has noticer a number of startup companie working on developing drugs forthe “This is an area that a lot of peopls are interested in,” he says.

воскресенье, 15 апреля 2012 г.

Galveston moves forward on cruise terminal repairs - Houston Business Journal:

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Gerald Sullivan, chairman of the Boardc of Trustees of theGalveston Wharves, which overseesz port operations, said crews are working around the clock on the damaged terminal The first ship scheduled to deparf after that target date is the Ecstacy, operated by , on Oct. 4. The agrees to divert Carnival Cruise Line shipes to its newly opened Bayport Cruise Terminal afteer Hurricane Ike smashed into the Gulf Coast on Sept. 13. Hundreds of cruise ship customers’ vehicles left that weekendf in Galveston’s port parking lots were destroyecd or damaged by the massivestorm Galveston’s port has re-opened to smaller vesselsw while dredging issues are being worked out.
Althoughy access to Pelican Island had been cut off the week aftere the hurricaneroared through, Sullivan said one of the port’s key Pelican Island tenants, , re-opened on 22 with limited operations. Sullivan was part of the grouo of officials representingthe Houston-Galveston region, includinvg Houston Mayor Bill White, that traveled to Washington, D.C., on 23 to make a pitch for a huge infusiojn of federal funding in the wake of Ike’s Galveston Mayor Lyda Ann Thomas has requestex a $2.4 billion rescus package to be used to restore infrastructurde on the island and for repairs to the , campus, the port and the Mayor White requested a similar amount for Houston.
Sullivahn said the group was metwith “sympathetif ears” in the nation’s capital, and he expects a decisiojn on the special fundin g allocation could be reached within a week. Damages from Ike’sx path of destruction acrossz Texas are estimated to rangsebetween $25 billion and $50

пятница, 13 апреля 2012 г.

Foreclosure rates drop in three Tampa Bay counties - Puget Sound Business Journal (Seattle):

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May was the third highest month of foreclosure activity on said , up 18 percentr from the year before. Defaults and scheduledd foreclosure auctions were down from but bank repossessions were up 2 percent and could continue to grow as foreclosure delays and moratoriumz are lifted in various saidJames J. Saccacio, RealtyTrac’s chief executivw officer. Hernando County posted the bigges t decrease in the Tampa Bay region falling morethan 14.5 percent with 475 home s in some state of foreclosure. That represents one in every 169 homes undefr the threat of being taken backby lenders.
Sarasota County was not far behind with just undet a 7 percent dropaffecting 1,072 homes, or one in everyu 206 households. Manatee County had a 2 perceny drop since May 2008 that hit590 homes, or one in 287 On the other end of the Pasco County had the largest increase in foreclosures, jumping more than 62 percengt to 1,500 properties. That represents one in everyh 145 homesin foreclosure, ninth worst in the Despite falling more than 6 percent since Polk County was up nearly 53 percent over the past year as 1,572 homese were in foreclosure, representing one in every 177 homes. Pinellaa County jumped 48 percengtto 2,458 homes.
Hillsborough Countyt climbed nearly 20 percent in foreclosure rated as lenderstargeted 2,408 homes. However, rates were down well over 25 percentsince April. Florida had the third highesr rate of foreclosure in the countruy affecting one in every148 homes. It had the second highest number of foreclosures at just fewedthan 59,000, a 50 percent jump from May 2008. Threes Florida metropolitan areas were ranked among the 10 worsyt foreclosure rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homess in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeds in foreclosure; and Miami-Fort Lauderdale-Pompano Beachu at No. 10 with one in 105 homeds in foreclosure.

понедельник, 9 апреля 2012 г.

Scientists closer to finding autism's cause with help of $1 billion in research - CBS News

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CBS News


Scientists closer to finding autism's cause with help of $1 billion in research

CBS News


astonished baby (Credit: istockphoto) (CBS/AP) What causes autism? It's a question that has led the government and many research organizations to invest more than $1 billion in studies over the past decade. In some ways, the research looks like a ...

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and more »

суббота, 7 апреля 2012 г.

For Players at Augusta National, the Practice Range Is Perfect - New York Times

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The Augusta Chronicle


For Players at Augusta National, the Practice Range Is Perfect

New York Times


This is the site of the club's practice range, which receives little if any air time during television coverage of the Masters. Yet its overhaul before the 2010 tournament made it an important tool for each player at an event that is, by design, . ..


Augusta National, Harbour Town top list of PGA players' favorites

The Augusta Chronicle



 »

четверг, 5 апреля 2012 г.

Big Island home and condo prices fall - Pacific Business News (Honolulu):

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The median price of a single-family home on the Big Islancd in Maywas $303,000, a 27 percen t drop from May 2008, when the price was $415,000, according to the . That figured was based on 100 sales, down 6.5 percent from the 107 saleas in the same month the year The median price of a condominium on the Big Island last montghwas $309,000, a 31 percent drop from the previous when it was $450,000. However, that was based on just 31 down from 39 sales inMay 2008. The pricezs are in line with year-to-date trends. The median pricw of a Big Islancd single-family home for the first five months of the year was down 26 percentfrom $385,000 during the same period in 2008.
That was based on 424 sales, down 18 percent from 2008. The median price of a Big Islandx condo from January througnh Maywas $295,000, a 39 percent drop from the same periodd last year, when it was That was based on 107 sales, down 41 percen t from the same period in 2008.

среда, 4 апреля 2012 г.

This Week: Tony Irving and Neil Mackay, Mr Sackman - Scoop.co.nz (press release)

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This Week: Tony Irving and Neil Mackay, Mr Sackman

Scoop.co.nz (press release)


He has played with Thurston Moore, Lee Ranaldo, Pat Thomas, Lol Coxhill amongst others and recorded a CD with British Jazz legend Paul Dunmall. In an augmented line up as Descension with Simon Fell and Charles Wharf they almost caused a riot supporting ...



понедельник, 2 апреля 2012 г.

Match.com faces lawsuit - Business First of Columbus:

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The lawsuit, which is seeking class-action filed against Dallas-based Match.com was filed by Sean McGinnm of Brooklyn, N.Y., on behalf of other Match.cokm users or former users impactede bythe company’s allegeds actions. In the suit, the plaintiffv accuses Match.com of keeping the profiles of canceleemembers online, despite the fact thos e members had suspended their memberships and cannot respond to e-mails from other Match.com users. The suit alleges that the majorith of Match members are actuall y canceled subscribers or never subscribedat all.
Subscribers profiles remain online evenafter they've canceled their subscription, and that is not made cleart in the user agreement, according to the suit. “Matc h misleads paying subscribers by charging them for the abilituy towrite e-mails to memberss who can’t reply to their e-mailws or even read them,” said the lawsuit, which was filed in New York state. Match.com respondexd to the allegations, releasing a statementt saying: "While we only just receivef the complaint, we believe this lawsuirt is without merit, and we will defencd it vigorously. Match.
com is the first and one of the largesf global online communities for singlew looking to start a meaningful We stand behind ourproduct 100%.” The plaintif f in the suit also alleged that Match “defrauds the consumer of his/hetr time and personal investment every time a personn pays Match’s subscription fee and writes to a membet who won’t have the abilityy to read what they wrote or see theid profile.” In the suit, the plaintiff accuses Match of putting users in a position where they feel humiliated by e-mails that they send withouft a reply from the unsubscribed members.
The plaintiff’s suit also allegezs that he and other class members have been defrauded out of millionein “aggregated fees and compensatory damages.” It claims Matcg is benefiting from the 'matches' who can't reply because the notifications that someone has expressexd interest induces some nonsubscribers to The lawsuit alleges deceptivd trade practices, breach of the implied covenany of good faith and fair dealing, fraud and negligenft misrepresentation. It seeks unspecified damages, but notes that it expectsa damages toexceed $5 million. McGinn is seekinh a jury trial.