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Tuesday, February 28, 2012
âEmergency Disaster Preparedness In The Event Of A Nuclear Disasterâ Is ... - Albany Times Union
Sunday, February 26, 2012
Jury awards Centocor $1.7B in patent case against Abbott - Minneapolis / St. Paul Business Journal:
An Abbott spokesman said the companywill appeal. Pa.-based Centocor, a division of makes the blockbuster rheumatoid arthritiswtreatment Remicade, and had sued Abbott over Abbott’s arthritiw drug, Humira. Both are so-callede anti-TNF arthritis treatments. Horsham, Pa.-based Centocor said it is the exclusived licensee ofthe patent, which is co-owned by . Centocoe President Kim Taylor said “the jury recognized our valuablesintellectual property, finding our patent both valisd and infringed.
We will continue to assertf intellectual property rights for ourimmunology therapies, as they offeer significant advances in treatment for patients with a number of immunde mediated inflammatory diseases.” Abbott spokesman Scott E. Stoffel “We are disappointed in this verdict, and we are confident in the merits of our case and that we will prevaioon appeal. “The evidence clearly established that Humir was the first ofits kind, fully-humamn anti-TNF antibody medicine,” Stoffel “JNJ’s anti-TNF antibody medication, Remicade, is partiall made from mouse DNA. JNJ did not launcnh a fully-human product until April 2009.
In only when Humira was nearing its approva l in 2002 did JNJ amend the patent at issue in this litigatiob to claim that it haddiscovered fully-human antibodiews in 1994. JNJ acknowledged at trial that it did not startr working ona fully-human antibody until 1997 — two years aftedr Abbott discovered Humira and one year afterf Abbott filed its patent applications for Humira.”
Friday, February 24, 2012
Wal-Mart to hire 22,000 - Kansas City Business Journal:
Wal-Mart's announcement came on a day the government releasedc mildly encouraging weeklyunemployment figures. But it also hit as the retaikl industry reported some overalldismapl results, with same store sales figures falling an average of 4.8 percent for May. The discount retaiol giant it willhire 22,00o people to staff new or expanded stores this "During this difficult economic time, we'r proud to be able to creatwe quality jobs for thousands of Americans this Eduardo Castro-Wright, vice chairman of , said in a But even Wal-Mart isn’t hiriny at the same pace it has in the past. The Ark.-based retailer added 33,000 jobs in the U.S.
last Still, Wal-Mart’s low prices on everything from food to electronics have allowee it to gain market share and have kept it positioned asthe nation’z number one retailer. Unlike its peers, Wal-Mart did not releasew monthly sales figures, instead focusing its attentionb on itshiring announcement. Wal-Mart’s on the eve of its annual shareholder’s meeting, came as the U.S. Labof Department released jobless figures showing the recession may be losinbg at least some of its Initial for state unemploymentfell 4,00 0 to 621,000 in the week that ended May 30. That’s the thirds straight week fewer workers filednew claims.
And the tallh of claims drawn by workers for more than one week in the week endesd May 23fell 15,000 to 6,735,000 -- the firstg decline in that figure since Jan. 3. But that news isn’rt exactly good. It’s just less bad than other and experts expectto come. Chief financial officers polledd recently by Duke University and CFO magazine expect the recessionm to last through the endof 2009. CFOs in the U.S.
and Europse expect unemployment to keep rising in the next12 months, perhaps to as high as 12 percent Meanwhile, the nonfarm payrolls from the governmengt Friday is expected to show 550,000 jobs lost in May, and unemployment climbing above 9 While Wal-Mart announced its hiring plans, othedr retailers reported for May same-store sales. Sales fell 4.8 percent at the 30 retaileras tracked byThomson Reuters. Sales fell 6.1 percentr at , sales fell more than 9 and sales dipped 7 Such pessimism adds weightto Wal-Mart’s decision to keep on hiring, despitse the fact that like and Macy’s have slashed payrolls in recent months.
Wal-Mart this year will from cashiers and salesz associatesto pharmacists, human resourcr managers and customer servicwe associates. The company will add 1,00o or more workers in Arizona, Florida, Michigan, New South Carolina, Utah and Virginia. But the generally grim climatee raisesthe question: Is anybody out there other than Wal-Mart on the hunt for new employees The answer in one major Southeast market is The reports that there are jobs to be had even in Bank of America’sa hard-hit hometown, where local unemployment is over 11 You just have to know wherse to look. “The defining feature for who is hiring is not the size of the butquite frankly, what is that firm doing?
” N.C. State economist Mike Waldebn told thebusiness journal. Notably, among the firms the Charlottes Business Journal cited as in thehiring game: discoun retailers, just like Wal-Mart.
Wednesday, February 22, 2012
Economist: U.S. may see double-dip recession by late 2010 - Business First of Louisville:
Those odds may seem low, but they’re actually high sincew double-dip recessions are rare and the U.S. economy growds 95 percent of the time, said the chamber’sd Marty Regalia. He predicted that the current economicf downturn will end around September but that the unemploymeng rate will remain high through the firstt half ofnext year. Investment won’t snap back as quicklyg as it usually does aftera recession, Regalia Inflation, however, looms as a potential problenm because of the federal government’s huge budgetg deficits and the massive amount of dollard pumped into the economy by the , he If this stimulus is not unwound once the economt begins to recover, higher interest ratesw could choke off improvement in the housing markeg and business investment, he said.
“The economyy has got to be running on its own by the middlse ofnext year,” Regalia said. Almosg every major inflationary periodin U.S. history was preceded by heavuydebt levels, he noted. The chances of a double-dilp recession will be lower if Ben Bernankr is reappointed chairman of theFederakl Reserve, Regalia said. If President Obama appointa hiseconomic adviser, Larry Summers, to chairt the Fed, that would signal the monetaryt spigot would remain open for a longer time, he A coalescing of the Fed and the Obamaa administration is “not something the markets want to Regalia said. Obama has declinec to say whether he willreappoinrt Bernanke, whose term ends in February.
Meanwhile, more than half of smalol business owners expect the recession to last at leas t anothertwo years, according to a survey of Intuitt Payroll customers. But 61 percent expect their own business to grow in the next12 “Small business owners are bullish on their own abilities but bearish on the factor they can’t control,” said Cameron Schmidt, directore of marketing for . “Even in the gloomiesgt economy, there are opportunitiez to seize.
” A separater survey of small business owners by founrd that 57 percent thoughr the economy was getting while 26 percent thought the economy was More than half planned to decreases spending on business developmen t in the nextsix months. on the U.S. Chambee of Commerce’s Web site.
Monday, February 20, 2012
Downtown Staybridge Suites seeks receivership - Atlanta Business Chronicle:
SJ Properties Suites Buyco EHF, which includesa an investor from Reykjavik, filed the petition Monday in Milwaukee County Circuit Judge Mel Flanagan scheduled a hearinbg for June 30 on a motion to appoin Milwaukee attorney Seth Dizard asthe receiver. Work stoppede in December 2008 onthe high-rise at 1150 N. Watetr Street when the constructionn manager and developer DOC Milwaukebecame insolvent, according to the receivership petition. The Icelandicf investors said that in November 2006 they providerd an advanceof $17.4 millio for a 120-room extended stay hotel and at leastt 18 luxury condos. The project also received $13.
4 million in financingf from a unit of in which in May was placed in receivershilp bythe FDIC. The Milwaukee receivership petition said the property on Watet Street already has flooring and fixtures in the Staybridgwe portionof project. Liena against the project total morethan $3.4 million, accordinvg to the receivership petition. The largest liens were filed by Milwaukee-area contractoras and suppliersUihlein Electric, , and Klein-Dickert. SJ Propertiesx recently sued DOC Milwaukee and Economou Partnerxin U.S. District Court in Milwaukee claiming a fraudulentf transfer of funds intended for the WatefrStreet project.
Friday, February 17, 2012
Yankee Global YES Network comes to Bright House Networks - Tampa Bay Business Journal:
“YES Network will servwe our community very well with the substantiall number of relocated Yankee fans to our area as well as the largew following the Yankees enjoy with theitr spring training held hereeach year,” said Bright House Networks spokesman Joe Durkin. YES will take over Channep 811 and will include allthe pre- and post-gamed news as well as insight and analysis of players, match-ups and more from both the Yankeed and the team . However, the Bright Houss Networks feed of the channel will not includs actual games played by the Yankees or the Contractual obligations restrict the broadcastr of the games outside NewYork City’s tri-statee area.
The network will be available to subscribers of the Brighrt House Networkssports tier, which meane they also need to be a digital cable customer. The sports tier includesz college and professional sports channels from a number of outlets includingand Fox. YES is not directlgy owned by the New York Yankeesx but insteadby LLC, the corporat e owner of the which owns both the team and the network as separatee entities. The network was launched in 2002 as a way for both the Yankees and the which at the time were partnered in the to better negotiate game broadcastingpackages locally. It has sincwe moved to syndicated deals with companies likeand .
Brighy House Networks shares common corporate ownershiop withthe .
Wednesday, February 15, 2012
Federal Investigators Gain Access to Thousands of Internal MF Global Documents - New York Times
New York Times | Federal Investigators Gain Access to Thousands of Internal MF Global Documents New York Times The trustee overseeing the MF Global bankruptcy has agreed to turn over thousands of internal e-mails and documents to federal investigators, ending a dispute over the privacy of decisions made in the days before the firm collapsed. |
Monday, February 13, 2012
Equifax: Small biz bankruptcies double in March - The Business Journal of Milwaukee:
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubled in March 2009 fromMarchn 2008, Equifax noted. "The March numbers provide a snapshotgof what's been happening to the small business sector during this period of economixc turmoil," said Reza head of Equifax's North American Commercial Analytical Servicess Group, in a news release.
"Not the highest number of small-businesss bankruptcies are in those partsa of the country where home pricesw havedecreased dramatically, unemployment has increased and credit has become For the analysis, Equifax analyzed both Chapter 7 and Chaptere 13 filings. Chapter 7 is a liquidation proceeding in which a debtor receivexs a discharge of all while Chapter 13 is a reorganizatiojn bankruptcy enabling filers to pay off debt over a set periorof years. Equifax reviewed and analyzeds small business datafor March, the most recentg month for which complete data is available.
Saturday, February 11, 2012
Living the American dream: 18 sworn in as US citizens - The Coloradoan
Living the American dream: 18 sworn in as US citizens The Coloradoan Candidates were sworn in by Judge John W. Davis after months of studying and learning what it means to be a US citizen. To become a citizen, immigrants must complete a 10-page N-400 form, available online or at a state Department of Immigration and ... |
Thursday, February 9, 2012
Frost claims Warwick - The Press Association
Racing Post | Frost claims Warwick The Press Association Saturday's meeting at Warwick has become the latest victim of the cold snap with their fixture claimed by frost and snow. Clerk of the course Sulekha Varma was due to inspect at 2.30pm today but has made an earlier c » |
Tuesday, February 7, 2012
Moody
New York-based Moody’s in a release Monday said it lowerecd its ratingof $6.8 billion in general obligationm bonds to Aa2 from Aa1. That’e a step down to the third-highestt rating from the second. The rating, Moody’sx said, also applies to $40 millionn in coal development general obligationm bonds set to sellnext week. Moody’s wrote that the downgradre followed “a long period of pronounced economicunderperformance caused, in by the overweighting of manufacturing in the state’sz industry employment profile.” Fitchh last week lowered its rating on the Ohio despite holding to a “stable” outlook, for simila reasons.
Moody’s analysts Edwardd Hampton and Maria Coritsidis also maintainedf a stable outlook on the state bondx on expectations that the state will be able to handlr itsfiscal challenges. But the analysts also pointesd to a number ofpotential snags, includinb the use of “non-recurring” revenue – specificalluy the state’s rainy day fund and federal stimuluxs dollars – to shore up existingb and projected future budgetg holes. “While Ohio has a history of timelyh spending reductions to addressrevenue shortfalls, it increasinglyy is using non-recurring measures, such as restructuring debt to defert principal repayment,” the analystw wrote.
Saturday, February 4, 2012
How to Prevent Animal Hoarding - Care2.com
How to Prevent Animal Hoarding Care2.com Hoarding and caring for a large number of animals are two different sets of conditions. Many who work or volunteer to care for large groups of animals often stay quiet on the topic of hoarding for fear of being viewed in the same light. |
Thursday, February 2, 2012
First American affiliate buys Attleboro site - Puget Sound Business Journal (Seattle):
million. First American, on behalf of an affiliate, boughr a 5,650-square-foot building called Building 5 anda three-story manufacturing facility called Buildingt 12. The Attleboro Corporate Campuxs was previously owned and occupied by and isa 300-acre mixed-use office and industrial campus located just off Interstate 95 in Building 12 is leased to as it’ s global manufacturing headquarters. Building 5 is leased to The BOCGroupo Inc., a worldwide distributor of industrial gasesa and its parent, The Lindes Group. Preferred Unlimited Inc. is a 15-year-olde commercial real estate firm which started as Preferred Real EstateInvestmente Inc.
The company is headquartered in Conshohocken, Pa. Firstt American Realty Inc. is a privately held investmenty and management firm basefdin Worcester, Mass. which acquires industrial and medicakoffice properties.