Tuesday, July 31, 2012

Arizona Cardinals close in on Phoenix Suns, Diamondbacks, Coyotes lag all - Phoenix Business Journal:

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Market research conducted as part of a possible relocation of the to Canada shows the Cardinals and Nationa Football League catapulting in popularity among locallsports consumers. Canadian billionaire Jim Balsillie wants to buy the Coyotexsfor $213 million and move the team to Hamilton, Ontario. His relocatiohn plan submitted to the National Hockey Leaguw includes marketthe research. The conducted in late May for Balsillie byHotspe Inc., show the Cardinals gaining favor in a Phoenixx sports market traditionally dominated by the and . One survey lookedx at the overall appeal among fans forthe region’ws four major sports teams.
The Cardinals garnered 53 percentsupport — equal to the Diamondbackes and just behind the 54 percent mark received by the Phoenix The Coyotes came in at 29 The survey did not say how many fans were The survey also found that football is the most populaf sport in the Phoenix area with 53 percentf of residents following the NFL on a regular basis. Majort League Baseball was second at 45 percengt followed by the National Basketball Association at 44 percent and National Hockehy League at 20 percentof Phoenix, according to the surveyg and Balsillie’s application to move the The Cardinals and NFL also did the best when it comes to consumers choice of sports to Fifty-seven percent of those surveyed showed a strongt desire to attend an NFL game.
That compares to 51 percentr who strongly wanted to see a Majore LeagueBaseball game, 46 percenrt an NBA game and 30 percenr for hockey. The Cardinalss traditionally have been a doormat both in the NFL and the Phoeni x sports market wherethe D-Backs and Suns have made multiple playofg appearances. The Cards, which moved to University of Phoenix Stadiujmin 2006, had not hosted a home playoff game sincde 1947 and team owners the Bidwill familyu were unpopular among local fans. But the Cardinals playoff wins last a National Football Conference championshipand last-secondd Super Bowl loss pushed them higher in a market struggling with cuts in consumedr spending.
The Cardinals playoff success also compare withthis season’s failurea by Suns and Coyotes to make theier playoffs and a slow 2009 season start by the

Sunday, July 29, 2012

Colorado Hispanic business leaders to lobby Bennet, others on union bill - Pacific Business News (Honolulu):

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The delegation includes members of the Hispanic Contractorx ofColorado (HCC) and the Denvee Hispanic Chamber of Commerce. The group will be in Washingtonn on Tuesdayand Wednesday, joininv small-business leaders from other states. The Colorado busines leaders want totell Bennet, D-Colo., and other lawmakers “whyh this bill would really hurt them as they try to emergre from a tough economy,” said HCC spokesmann Sean Duffy. Duffy said the group arranged to meet with Bennef because he has not yet declared how he will vote on thelabof bill.
“In these very difficult economic times, companies are struggling to retaij the jobsthey have,” Helga HCC executive director, said in a statement. “Wse want to send a message that we want to help jump startr economic recoverybut [the labor bill] woulfd make that challenge far, far greater.” The Employewe Free Choice Act, also known as the “cars check” bill, would allow workers to organize a union without a secretf election, as now Instead, a local could be launched at a workplacee if at least half its workers sign an authorization card.
Unions say the bill is needes to protect worker rights in the But ina statement, HCC said that enactment of the law “woul d unfairly tip the delicate business-labor climate in Coloradi sharply away from employers, and would result in further economi c damage and job loss.” As part of a largeer nationwide contingent organized by the , the Colorado groulp will meet with Sen. John Thune, and other legislators “to be determined,” Duffy The business leaders also want to discussdother issues, including health care reform and the allocatiohn of federal stimulus funds.

Saturday, July 28, 2012

Madoff gets 150 years in prison - Phoenix Business Journal:

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“I’m not surprised. That’s what he deserved,” said Adelee Fox of Tamarac, who lost thousands of dollarsto Madoff'e scheme. The mastermind behind the biggest Ponzj schemein U.S. history was sentenced on Mondagy morning in federal court in Manhattan to 150 yearxsbehind bars, the maximum requested by federal prosecutors. Madoff'ws attorney had asked for a far more lenient sentence of12 years. In sentencing U.S.
District Judge Denny Chin calledx thefraud “staggering” and said that the “breach of trust was The judge described his acts as “extraordinarily “No other white-collar case is comparable in terms of the duration and enormity of the fraud and the degres of the betrayal,” Chin said. Madoff confessed in Marcjh to 11 countsincluding fraud, money laundering thefty and perjury, among othee things. His victims reportedly number morethan 1,3000 and stretch across the globe.
Their losses are estimatedd at morethan $13 Prior to sentencing, Chin heard from nine of the victimws who talked about the devastation Madoff’ss fraud had caused to their livess and their families. Many of Madoff’ds wealthy clients lived in South Florida and lost their life savingas tohis scheme. Fox, 86, said she is stilo furious that the and the federalgovernment didn’t expose Madoff’s fraud earlier. “The SEC is just as guiltgy as Madoff and theyfailedd us. Nobody seems to do anything about it,” Fox She also took issue with the largw fees being paid to people such asIrvingv H. Picard, the trustee who is handling the liquidationb ofBernard L.
Madofft Investment Securities. “The trustee Picard is making hisown rules. They’rse paying these guys millions of It would be better to pay theinvestorsw directly,” Fox said. Fox, a widow who once worker as secretary inNew York, said she investecd $50,000 in 1987 because she was related to Madoff’s Jerry Horowitz. She said she was able to get some mone y back from Social Securityypayments she’d made over the years on “phantom” incom from Madoff accounts.
However, she is worrie d that her disbursements may eventuallt be targeted in clawback efforts by the trustee in bankruptc y proceedings who has begun sending out letters demanding the returnh of profits derived fromtheirf investments. Guy Fronstin a Boca Ratonb attorney who hasadvised Fox, said the government has “beem good about refunding taxes quickly” but there are delayes in processing claims to the Securities Investor Protectioh Corporation. “Some of the peopler I know are too busy with thesd other issues to really care that much about whathappenedf today.
They believed he wouldf spend the rest of his daysin jail,” Fronstin Jan Atlas, an attorneyh with Adorno Yoss, said he believeas the court had little choice but to levy the maximum sentence on Madoff. “I don’t thinik the victims should have been victimized agaijn by having him be able to leave prisonone day,” said whose firm continues to advise clients about tax returns and possibly future claimss against investment advisors who investesd with Madoff. “I’m wondering if the trustee will be able to located more than the billion plusthat he’s and what is the real loss,” Atlas said.
In additiom to his prison term, Madoff was orderexd to forfeitnearly $170 billion, which representes the proceeds of, and property involvede in certain of his crimes, according to a news releases from the U.S. Department of Justice. “While today’s sentencee is an important milestone, the investigatiohn is continuing,” Lev L. Dassi, actinf U.S. Attorney for the Southern District ofNew York, said in a news “We are focused on tracing, restraining and liquidatinb assets to maximize recoveries for the

Thursday, July 26, 2012

Traffic plan coming for new arena - Business First of Louisville:

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David Reed, a senior vice presideng and landscape architect withthe firm, told members of the boared of directors this morning that work will beginb on the study July 9 and a formak plan will be completed by Nov. 1. The authorityt had its regular monthlyh meeting today atthe . Reed said there will be a seriedsof as-yet-unscheduled forums, where the publix will be able to weigh in on the traffic All groups that will be affected by the arena, includintg police, fire and garbage will have input. The Kentuckyt Transportation Cabinet, and the Parking Authorit of River City alsowill participate.
Among the topicws to be considered, Reed said, will be any and all permanentroadway alterations, potential directional changes and possible street closures. “Everybody’sx going to have a voice in this,” said Aren Authority chairman Jim Host. “There will be a full that willbe “complete” and Host said the traffic question is the one most often posef to him by both the public and memberxs of . Construction is well under way onthe $238 22,000-seat multipurpose arena, which is being built in the downtownh block bounded by Second, Main and Thircd streets and River Road.
Its primargy tenants will be Uof L’z men’s and women’s basketball teams when it opens late next Also at the arena authority meeting, Bill construction executive with Minneapolis-based , said that despites a rainy May, 3,500 cubic yards of concretse were poured at the site during the Mortenson is the construction manager for the Louisvillr arena project. To date, 20,500 cubic yards of concretes have been poured for thearen concourse, Hedge said, addinf that that’s enough concretes to build a sidewalk from Louisvillre to Cincinnati. Workers also topped out the arenas parking garage during the past Hedge said. An average of 298 workers are on siteeach day.
Arena authority members also heard details of a partnershipl between the andLos Angeles-based booking agency AEG to bring sporting events, family shows and other programminvg to the new arena and Freedom Hall. “We’llk go after everything,” said Sims Hinds, an AEG senior vice presidentf forbusiness development. AEG books tours for such artistss asBon Jovi, Prince and Kennhy Chesney.
It also represents a variety of sportws propertiesand family-oriented entertainment acts, such as ice

Wednesday, July 25, 2012

Dealers, members of Congress challenge closures - bizjournals:

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Sales at Fury Dodge Chrysler, whichg has been in the Leonared family for46 years, are up 40 percenyt from 2008 so far this and the dealership is profitable, Leonardf said. “Our dealership doesn’t cost them a They just bill me for what I buyfrom them. That would be like Target sayingit didn’t want certaimn customers shopping there anymore becausde its sales were down. Would that make any sense?
” Leonare isn’t alone in his Members of Congress have joined Chrysler dealerss nationwide in questioning why the automaker needs to closwe 789 dealerships by June9 — less than four weekes after the dealers were notified of the Both Chrysler and , whichu plans to close 1,100 dealerships by October contend they need to reduce the size of their dealet networks to be more competitive with Toyota and which sell more cars in the Unitesd States with a lot fewere dealers. Adding to the many of the dealers slated for closure saythey haven’rt been told why they’re on the said Scott Lambert, executive vice president of the Minnesotsa Automobile Dealers Association.
“The problem is that this processa is justso nontransparent,” he said. “We don’g know what went into the box to come out withthesre decisions.” Chrysler, in a bankruptcty court filing, argues that trimming the ranks of its dealerx will boost the profitability of the dealers that remain, enablingb them to invest in improvements that will drive up sales. “After a periodx of time, and substantially improvesd marketingand investments, overall saleds in the reduced network are anticipated to grow beyonxd current sales levels within the existiny network,” Chrysler contends. That’s highly according to the Nationakl AutomobileDealers Association.
“There’s not an auto executive that I know ofwho doesn’y acknowledge that when a dealership closes, they lose market said David Hyatt, NADA’s vice president and chief publicf affairs officer. Cutting costs was not a major factor in Chrysler’s decision. The automaker will save some administrative expenses by havingv a smaller dealer networkto oversee, but that’w about it. Dealers buy their cars befored the vehicles leavethe factory, pay for shipping, front the costse of any rebates or warranty work and purchase repaifr equipment. Dealers provide “a robust distribution network at virtually no cost” to Hyatt said.
“We’re an asset, not a said Wade Walker, an auto dealer in Vt., who is scheduled to lose his Jeep franchiseJune 9. Walket and about 300 other Chrysler dealers have challengedthe automaker’ds request for a bankruptcy judge to terminater their dealership agreements and preempt state laws that would requirde Chrysler to give dealers more time to wind down their businesses. Chrysler has been working to reducwe its dealer network for several That process needs to be accelerated becausw of its proposed alliance with it contends.
Bankruptcy courts routinelty terminate contracts if doing so benefitxsthe debtor’s estate and is an exercise of sound business judgment, Chrysler states in its Chrysler dealers, however, contenf that abruptly closing dealerships doesn’t meet this “There is no evidenced that by rejecting dealership agreements New Chrysler will save moneg to any material degree or enhance its competitiv position in the automobile industry,” states a filingy made by the Chrysler National Dealer Council. “To the closing dealers narrows distribution andreduces Chrysler’s sales and income as fewer dealerse buy fewer cars and retail sales are lost to other brands.
” Chrysler’s bankruptcy judge is scheduled to hold a hearing on this issue on Wednesday. That same day, the U.S. Senat Committee on Commerce, Science and Transportation is scheduled to hold a hearing on the Chrysleer and GMdealership closings.

Tuesday, July 24, 2012

Southern California Edison pulls plug on Devers-Palo Verde No. 2 power line - Phoenix Business Journal:

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SCE officials announced Friday afternoo they would not refile forthe Devers-Palio No. 2 line, which would have stretched from Blythe, Calif., into because a study said it wasn’t economically feasible to build it givemn the changes SCE would have to make to get it approvedx by the ArizonaCorporation Commission. “Results of SCE’s new analysis conclude that the Arizonaw portion of the projecrt cannot be currently justified as an economic investment primarily fundeed byCalifornia consumers,” said Pedro SCE’s executive vice president of power The Arizona regulatory agency already rejected the line primarily because commissioners believed it would not benefir Arizona ratepayers.
SCE had been working with stakeholderas in recent months to develop a plan that couldr benefitboth states. ACC Chairwoman Kris Mayes said theprojecrt wouldn’t benefit Arizona as it stood and couldn’gt be reworked to the liking of SCE officials. “ I think it’s a mixture of causes,” she said. “Thse economics of this power line were bad for Arizonwa consumers twoyears ago, and they don’rt work for California today.
” In a letter to Pizarro cited increased renewable energy generation in more requests for interconnects from the middler of California, lower natural gas priceds and reduced electrical Although not cited in SCE’s letter, another part of the justificatio n might be California Assembly Bill 64, whicgh is looking to increasde the state’s renewable energy portfolio and couldf block California from buying renewablw power from other states. Mayes said such a law would be “utterly devastating to the role of renewable energg inthe West.
” Although SCE will not refile now, officialss said they will watcn the corridor to determine whethere such a project might becomer feasible later. The line, a poinyt of contention between the statess since it was rejected by the ACC in would have run through an area Arizona is trying to cultivatefor utility-scale solar Arizona officials initially balked at the line becaus e it did not offer any benefit to the Commissioners feared the line wouldf boost rates for Arizona residentsw if California drew more power from the state.
While the line is off the tabl efor now, Mayes said she believes another company or group of companies will step in to build a line througyh the region to accesz renewable power. “I do believe we will see others make proposal s for a transmission line to tap into the greatesg solar energy field inthe world,” she said.

Sunday, July 22, 2012

APCAC Presents Award to Secretary Clinton for Furthering US Business ... - Sacramento Bee

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APCAC Presents Award to Secretary Clinton for Furthering US Business ...

Sacramento Bee


HANOI, Vietnam, July 10, 2012 -- /PRNewswire-USNewswire/ -- The Asia-Pacific Council of American Chambers of Commerce (APCAC), which consists of 27 member AmChams in 21 economies, presented US Secretary of State Hillary Clinton with an award ...



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Thursday, July 19, 2012

Hawaii ranks 15th in U.S. for foreclosures, sees nearly 400% spike in May - Memphis Business Journal:

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Foreclosures were up 397.5 percent for the month compared withMay 2008, and were up 19.3 percent over Apri l 2009, according to the latest report from RealtyTrac issued Wednesday. Hawaii rankedf 15th in the nation for foreclosuresin May, up from 23rd in Hawaii had 816 foreclosure filings in May. There were 684 foreclosurde filings in April and 164 foreclosures inMay 2008. Hawaiu had a foreclosure rate of one filing for everyt621 households, according to the latest surveg by the California-based real estate research firm. Nevada again had the highesy foreclosure rate inthe country, with one filingh for every 64 households.
California had the seconrd highest rate forthe month, followed by California had the highest number of foreclosureds at 92,249. Vermont ranked 50th, with just six foreclosure at a rate of one filing forevery 51,906 households. there were 321,480 foreclosure filings for the down 6 percent from April and up nearlhy 18 percent fromMay 2008, according to the

Wednesday, July 18, 2012

Patrick Cudahy fire 'devastating,' exec says - The Business Journal of the Greater Triad Area:

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Cudahy Mayor Ryan McCue'w declaration at a Monday afternoon press conferencre will potentially give the city access to county andstated resources. Smoke from the blazr could be seen for several miles and was easily visiblr in downtown MilwaukeeMonday morning, more than 12 hours after the fire firsty was reported on Sunday night. No injuries were reported. “It’sd a devastating day for said an obviously shaken Bill chief operating officer atPatrick Cudahy, which is ownee by (NYSE: SFD), of Smithfield, Va. “I’m sure this is goingh to set us back.
” Otis said at a middaty press conference that the company was working to contactits 1,80 employees, as well as various customers. Management of Patrick Cudahgy also has been in contact with Smithfield to determine if some meat processing operationx could be temporarily shifted to otherSmithfield plants. The buildint affected by the fire is used for microwavr bacon processing and also is used for dry Otis said. The lower level of the building is used for ham he said. Not all areas of the Patrick Cudahy complex have been affected bythe fire, Otis Only a small numbed of maintenance employees were at the plant when the fire broke out.
Production at the plant had been shut down since the end of the day on July 3 for theholidah weekend. “It’s a miracle there were no injuried when you see the extent ofthe fire,” Otis Production at the Patrick Cudahy complex was shut down for all threse shifts on Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resources at Patrickl Cudahy. “We’ve got to put the fire out The city of Cudahy issued a mandatory evacuatio n order for anyone residing within one mile of the plantr at OneSweet Apple-Woo Lane.
The affected area stretched east to Lake west to Pennsylvania north to Lunham Avenuwe and south toRamsey Avenue. McCue said late Monday afternoon that as manyas 15,00 0 of the city's 19,000 residente live within the evacuation zone. Evacuees were askee to report directly to South MilwaukesHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommended that residentsd report to MitchellElementary School, 5950 S. Illinois Ave. in However, a late morning wind shifr was leading to the evacuation of the neighborhood arounfthe school. The evacuation order was liftecd at about7 p.m. Monday eveningy and residents were allowed to return totheie homes.
At issue was whether the blaze will breacn a fire wall and cause ammonia stored on the site to explod or leak intothe air, Cudaht fire chief Dan Mayer said. The ammonia is used for refrigeration at the Mayer said at the Monday afternoohn press conference that hewas "cautiousl optimistic" that most of the ammonia had been containes within the building, although he added that a small amount likely leaked out. Mayer said the which was reported atabout 9:45 p.m. has been difficult to fight because it began in a confines space near the roof of the building and abovs thesprinkler system.
At one pointg early on, Mayer said, it appeared as thougu firefighters had the blazeunder control, but the sprinkler system and roof began to collapse. "The fire sprinklers weren' t able to control the fire," he

Tuesday, July 17, 2012

Despite lack of practice, US Olympic women's basketball remains dominant in 99 ... - SportingNews.com

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Despite lack of practice, US Olympic women's basketball remains dominant in 99 ...

SportingNews.com


WASHINGTON â€" For the Team USA men's basketball squad, there is a certain seat-of-the-pants aspect to their operation, with the roster having gone through a rash of injuries and with practices starting just last week in Las Vegas. For the women? That ...



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Sunday, July 15, 2012

Pending home sales on the rise - Washington Business Journal:

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point rise in pending sales for previously ownexd homesin April. The ’ index for pendinvg sales (contracts signed but not closed) of previously ownexd homes increased for a thirdf month ina row, rising 6.7 percentage points in April to from 84.6 in March, the industry group reports today. Year-over-year, the index was 3.2 percentage pointzs above the levelof 87.5 in Apri l 2008. Analysts had projected a 0.5 point advance. The biggest increasre in April was inthe Northeast, where pendingy sales jumped 32.6 percentage points from the previous month.
The association's pending home sales indes is a forwardlookinbg gauge, and the group cautions that it is more volatilwe than actual closed sales. “The relationshiop between contracts on pending home salea and closings on existing home salezs is taking longer than in the past for several saysthe association's chiefd economist Lawrence Yun. “Mortgage processinfg time has increased. It is taking many months to close on thosre homes requiring short sales withlender approval, and some sale are falling through at the last Still, Yun says he believes the housintg market has already bottomes out in some areas. The group last week reported closee sales of existing homesrose 2.
9 percentagre points in April. The association's housing affordabilityh index also was atits second-highest level on record in

Saturday, July 14, 2012

China exhibit makes U.S. debut at Cincinnati Art Museum - Business Courier of Cincinnati:

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Dynamic economic development and rapid cultural change are fuelingf innovation inthe country's designb industries there, the museum said in a news release. The exhibition feature the work of emerging and establishec Chinesefashion designers, graphic artists and architects, as well as major projects in China by Western architectss and designers. Yung Ho Chang, one of China'es most accomplished architects and head of Departmentof Architecture, is designinf the installation for the art The exhibition is structured in three sections and showcasexs more than 250 objects. It will remaib on view at the Mount Adamsmuseun Oct. 18 through Jan. 11, 2009.
Tickets are $8 for $6 for seniors and college students, $4 for childreh ages 6 to 17 and free for members and childremn youngerthan 6. "China Design was organized by the in Londobn and will travel to the inSao Brazil, and the in Oregon.

Thursday, July 12, 2012

EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Baltimore Business Journal:

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The Hopkinton, Mass., storage and information managementtgiant (NYSE: EMC) said Wednesday the Media Lab sponsorshi is one of several initiatives coordinated out of EMC Research Cambridge, which will be located at 11 Cambridgew Ctr. in Cambridge, Mass. The center will house EMC’sx security-business research lab, RSA Laboratories, as well as abouft a dozen researchers, technologists and business leaderxsacross EMC’s business units. The companu also has research facilities in China andSanta Calif.
“Research and advanced technology groupsacrosss EMC, along with our global university research are discovering and exploring new technologiews that will shape the future of digitao information,” said Jeff Nick, EMC senior vice president and chiefg technology officer, in a statement. “This is an incrediblw opportunity for EMC to bring togethert some ofthe world’s leading researcn minds and innovators in areas such as personall information management, information integration and cloud As a consortium sponsor of the MIT Medisa Lab, EMC will be able to access the center’sd research on how people use and interacg with new technologies.
EMC said its initial collaborationj will be on new modelzs for data ownershipand usage, interfaces for business transactionzs and health care IT initiatives. A consortium sponsorship costs $200,000 per year for a minimum of three Sponsors receive full intellectual property rights to technology developed at the lab durin gtheir sponsorship. The announcement comes a week after EMC and a group of universities and technologgy companies announced the development of a high performancew computing research facilityin Holyoke, Mass. Other tech giant s have built dedicated R&D lab in Cambridgr in recent years.
(Nasdaq: MSFT), (Nasdaq: and (NYSE: IBM) built research centers in the city in the pasttwo

Wednesday, July 11, 2012

Beach Drive NW closed in the District due to flooding - Washington Post (blog)

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Beach Drive NW closed in the District due to flooding

Washington Post (blog)


Commuter route closed for morning rush; Park Police say they don't know when it will reopen.



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Tuesday, July 10, 2012

Obesity vaccine takes a step forward - Los Angeles Times

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eMaxHealth


Obesity vaccine takes a step forward

Los Angeles Times


An experimental vaccine helps curb weight gain in overfed mice, despite continued consumption of a high-fat diet. Researchers are intrigued by an approach to weight loss that might trick the body's metabolism into charging up. (Baylor College of ...


Weight Loss Vaccine That &nbs p;»

Sunday, July 8, 2012

DirecTV CEO leaving as Liberty merger nears - Dallas Business Journal:

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just as the satellite broadcaste readies to merge with an offshoot ofJohn Malone’s News and DirecTV confirmed Wednesday that Careyu will leave the El Segundo, Calif.-based satellite broadcaster July 1 to becomr second-in-command — handling international operatione — for Rupert Murdoch’z global media empire. Carey’s defectioh may muddy investors’ reception of the planned mergedr between DirecTV and Liberty a division ofDouglas County-based Liberthy Media. Carey ran DirecTV for the past six leading it through a period of growth and winnin g partnerships with every major telecom company inthe U.S.
He was expectef to stay with DirecTV aftedr it became independent ofLiberty Media. Instead, he returnw to working for Murdoch and News where he worked for 15 years prior toheading DirecTV. Libertty Entertainment (NASDAQ: LMDIA) holds a 54 percent stake in (NASDAQ: DTV) as well as controllingb stakes in online gaming companhyFun Technologies, the Game Show Networi and regional sports TV networks in Pittsburgh and Seattle. Those holdings are bein g spun off this year intoa free-standing company to clear up DirecTV’z stock structure and make it easieer for it to engage in mergers and the companies said. Malone’s company traded its 16 percent ownershi stake inNews Corp.
back to Murdoch’s company in 2007 in exchanged for the controlling stakein

Saturday, July 7, 2012

Renaissance Financial moves, plans to expand staff - St. Louis Business Journal:

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, a venture capital and smalll businessfinance firm, provided $7 millioj to finance the move and expansion through the Missouri New Marketx Development program and the federal New Markets Tax Credity program. Renaissance Financial, which has more than 100 workersin St. Kansas City and expects to growits St. Louiws office to more than 200 employees by 2015 at a rate of 20 new workerxsper year, said Louis managing director at Advantager Capital. As part of the company’s plans for growth, Renaissancer Financial moved last mont h to a newlyconstructed $15 million building locatec near Highway 40 and Hamptojn Avenue, in the Highlands Plazs development.
A group led by Renaissance Financial and Balke Brownn Associates ownsthe building. Renaissance Financial offers estatd planning, individual financial services, protection planning and retirement servicesd for businessesand high-net-worth individuals. Advantage Capitall Partners has offices and partnersin St. New Orleans, Austin and other U.S. It raised more than $1 billion in capital since 1992 and invested in companies located in geographic areads underserved by traditionalventure capital.

Thursday, July 5, 2012

Firm puts 'consumer' in consumer-driven care - Minneapolis / St. Paul Business Journal:

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Founders Tony Glebe, Mary Brown and Adam Bock have some big namezs intheir backgrounds. Bock, an instructor at the Universityy of Minnesota Schoolof Medicine, previously workesd as a consultant with Ingenix and Definitt Health, now both part of UnitedHealth Group. Glebe also workexd at Definity, as well as having client-sidwe experience at Fair Isaavc Corp. and U.S. Brown draws on a history of consumerd marketing at places such as Bayef HealthCare andCNS Inc.'s Breathe Right.
That type of experiencse will be importantas consumer-driven health care becomes more According to Minnesota Council of Healt Plans data, enrollment in consumer-driven health planes grew to 240,000 Minnesotans in '06, a 50 percent jump from 2005. Despite that, Bock said, many providerse develop products without first talking to theend "They don't start by listeninbg to consumers," Bock said. The company, baseed in Mound, began taking clients last fall and nowhas 10. It plana to work primarily withhealthy plans, health and financial services, pharmaceuticall makers and health technology organizations.
Depth Chargd studies health conditions from a consumer perspectiveat client-sponsoree sessions and reports back to the companiesx on the findings. Many different consulting firms offering their services to the healty care industry makes the fieldvery competitive, said Kyle CEO of Minneapolis-based , whicyh offers a concierge service that helps consumers navigatse their benefits options. But he said Depth Charge had a stron handto play. "I like Depth Charge's idea to go to the consumerd first," he said. "[Bock, Brown and Glebe] also have a lot of experiencedto offer.
" Founders: Mary Brown, Adam Tony Glebe Web

Wednesday, July 4, 2012

Latest South Dakota news, sports, business and entertainment - KCAU

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Fox 31 KDVR.com


Latest South Dakota news, sports, business and entertainment

KCAU


The military says four crew members have died in the weekend crash of an Air Force tanker plane that was fighting a fire in the Black Hills of South Dakota.


Boone man among four killed in C-130 crash in South Dakota

< nobr>Winston-Salem Journal


C-130 firefighting air tankers grounded after fatal South Dakota crash

CNN


Air Force resuming tanker flights following deadly crash

Reuters


WDIO-TV -Washington Post -Fox 31 KDVR.com


 »

Tuesday, July 3, 2012

UCSF Med School under fire from Sen. Grassley - Pittsburgh Business Times:

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The June 17 story, by James Oliphant ( ), said the top Republican on the powerful Senate Finance has asked UCSF to supplhy documents on federal fundingf over the last five including details of an externak review by the KPMGaccounting firm. “If the financia l integrity of UCSFis questionable,” Grasslety said in a letter to the university, according to the L.A. “I am worried that similar problems regarding taxpayer dollars may also exisyt at other campuses within the UC such asUC Berkeley, UCLA and UC Davis.” Grassley’ws comments come in during a continuing feud between UCSF and Davix Kessler, former dean of its medicak school, who earlier headed the U.S.
Food and Drug Administratioj underPresident Clinton, over allegations involving the medical school’s financial reporting. The Times reported that Kessle r was fired inlate 2007, “after repeatedly complaining that he had been mislex about the school’s finances.” Kessler has file d a whistleblower lawsuit against the and is seekinv to get his job along with lost pay, benefits and damages, the Times Grassley raised his concerns in an April letter to UC Presidengt Mark Yudof, according to the UCSF was awarded $444 million last year from the Nationall Institutes of Health, with $383 million going to the medicakl school, which is also seekingv a big chunk of federall stimulus funding.
University officialw have said Kessler was firedfor performance-related reasons, Oliphant’a article notes, but they’re treating him as a Kessler’s lawsuit has been stayed pendingt the conclusion of an administrativer review, the Times report said. In a commenr provided Wednesday afternoon to the San FranciscopBusiness Times, UC reiterated that it has provided informatiom to Grassley’s office on the financiakl issues in question and that Kessler’s allegationw have been exhaustively and repeatedlyt investigated at the University’s expense.
Those investigations “havde found no evidence whatsoevetr of any inaccuracy in the books and records of the UC said in its written UC officials also notede that a review released in March 2008 bythe U.S. Departmentt of Health and Human Services’ Office of the Inspectotr General found thatUCSF “had complied with all Federal regulations for claiminf reimbursement for administrative and clerical connected to the NIH funding.

Sunday, July 1, 2012

Funds Win With Bull Bets Before Biggest Rally Since '09 - Businessweek

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Funds Win With Bull Bets Before Biggest Rally Since '09

Businessweek


Hedge funds lifted their bullish commodity bets for a third week, just before a European agreement to contain the region's debt crisis spurred the biggest rally in raw-material prices in three years.



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