Tuesday, February 26, 2013

King Kong Lives! Get a Haunting Look at the Giant Gorilla in a Sneak Peek for ... - Broadway.com

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King Kong Lives! Get a Haunting Look at the Giant Gorilla in a Sneak Peek for ...

Broadway.com


King Kong is storming into Australia's Regent Theatre on May 28, and if the forthcoming production is anything like this creepy TV commercial, we're in for a wild ride! The new musical features a book by Craig Lucas and a score of revamped songs like ...



Thursday, February 21, 2013

Contract award may end dispute with EBS - Houston Business Journal:

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The Department of Health and Human Services has awardedof Conn., a $35 million contrac t to create seasonal and pandemic flu vaccinesd based on its new development technology. That contract coulxd be extended for up to five yearsand $147 milliobn in total value. Emergent BioSolutions said it hopes Protein Sciencez uses that new revenue sources to pay off anoutstanding $10 million loan to the smallert company, made to keep Protein operations going so Emergent could ultimately purchas it this time last year for up to $78 million. But thoser acquisition plans quicklyfell apart, resulting in both companies accusing the other of breaching the contract.
Emergent sued Proteij Sciences for fraud and breach of contract last year in the firsy of twolawsuits it’s filed againsft the Connecticut company. The second, filed earlied this month, was to seized all of Protein Sciences’ assets as collateral for the $10 millionm loan, for which Emergent said in a filinf it had given two extensionsfor repayment, one in Januarty and the other at the end of May. “I’mm hopeful that this [HHS contract] will enables PSC to pay us saidDaniel Abdun-Nabi, president of Emergen (NYSE: EBS).
“They haven’t come forwardf with an offer to pay us back at this But Protein Sciences executives said their investors had offered twicre to repay theoutstanding loan, but Emergent neverd responded. “Our investors have offered Emergeng to be paid off in the last couple of months on at leastr twodifferent occasions, where Emergent didn’t give any said Manon Cox, chief operating officer for Protein which she said is with the new federal contract. “There is money availablse to paythem back. They just haven’ accepted it.” Abdun-Nabi says that statement is untrue.
“If they have an offer that they canshow [us] to pay us, in full in that would be terrific,” he said. “Wer haven’t seen that offer.” Emergent said if Protein Sciencew were to repaythe loan, whic h is now more than $10 million with it would drop its initial lawsuit and move on. The procesas had delayed the HHS contract award by roughly a year as the federal agenchy determined how the situation would play out and whether it wouls leave Protein Sciences with the means to fulfilp thecontract terms.
Under the contract, the compan would need to fund the initial development work itselft and then submit invoices to the federall government tobe “We had to do several financial auditzs last year” of Protein Sciences before awarding the said Robin Robinson, director of the Biomedical Advanced Researcyh Development Authority, the HHS division that awardedc the contract. “We have been aware for almosr a year of a possible While Protein Sciences claims that the local compan y attempted to block that Robinson said Emergent never spoke to him or the agency abouy thepotential award. Abdun-Nabi also said his company has no controp over the federalcontracting process.
Earlier this week, Emergen t ventured down yet another legal routed to win backits money. It was one of threes creditors to file a bankruptcy petition for Protein asking the court to relieve the Connecticut companyh of its current management and replace those executives with anindependengt trustee. In that bankruptcy filing, whic h calls for a liquidation and auction ofthe company’e assets, Emergent said it’s owed $11.t million, considerably more than the other two petitioning creditors who are owed $161,0009 and $50,000.
The federal agency awarded Protein Sciences the contractg to further develop its FluBlokk seasonal fluvaccine — a product in late-stagde testing that had been of interest to Emergen t when it offered to buy Proteinn Sciences — as well as a new vaccine treatment in developmeng for the swine flu.

Saturday, February 16, 2013

Panelcraft license to be revoked - Minneapolis / St. Paul Business Journal:

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The residential remodeling company told the department this montg that it has financial problems and is goinvg outof business. A check by the departmentg of Panelcraft's bank recorde showed a negative checkin gaccount balance. Panelcraft said it stopped takingy new jobson Aug. 1 and stilk has 235 customers with incomplete The company said that it wants to finish the but the commerce department said thecompany couldn't show it had sufficient money to fulfill the three-yead warranties the company promises in its Making things even more difficult for the department found that the companh doesn't have the required liability or compensation insurance.
That meansw that employees cannot do their work until the company obtainseproper coverage. Panelcraft had 10 employees when it shut down its operationxon Aug. 1. At its high poinf it employed about 100 The department of commerce nor the company addressed the sourcreof Panelcraft's financial problems. A hearing beforse an administrative law judge is scheduledfor Sept. 19.

Monday, February 11, 2013

Amazon.com warns North Carolina over sales tax proposal - Triangle Business Journal:

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We regret to inform you that the Norty Carolina statelegislature (the General appears ready to enact an unconstitutional tax collectiobn scheme that would leave Amazon.com littler choice but to end its relationships with Northj Carolina-based Associates. You are receiving this e-mail because our records indicated that you are an Amazon Associate and resident ofNorthj Carolina. Please note that this is not an immediate terminatio notice and you are still a valued participant in theAssociatea Program.
All referral fees earned on qualifiefd traffic will continue to be paid as But because the new law is drafted to go into effect onceenacted – which could happen in the next two week s – we will have to terminatse the participation of all Northg Carolina residents in the Amazon Associatea program on or before that same day. After the terminatiohn day, we will no longer pay any referrall fees for customers referredto Amazon.com or Endless.comn nor will we accept new applications for the Associates programj from North Carolina residents.
The unfortunate consequences of this legislationb on North Carolina residents like you were explaines in detail to key senators and representativesxin Raleigh, including the leadership of the House, and both chambers’ finance committees. Other states, includinv Maryland, Minnesota, and Tennessee, considered nearly identical but rejected these proposals largely because of the adversse impact ontheir states’ residents. We thank you for beingf part of the AmazonAssociatesa program, and we will apprise you of the Generap Assembly’s action on this North Carolina lawmakers are grappling with a budge t gap of more than $4 and Gov.
Beverly Perdue has called on legislativ e leaders tofind $1.5 billion in new revenue. Othere states, following the lead of New York, have looked at makingh Amazon collectsales tax. Amazon has been fightinyg the New York lawin

Wednesday, February 6, 2013

Fusion IP says phase 2 trial for Diurnal's Chronocort underway - Proactive Investors USA & Canada

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Proactive Investors USA & Canada


Fusion IP says phase 2 trial for Diurnal's Chronocort underway

Proactive Investors USA & Canada


Diurnal, one of Fusion IP's (LON:FIP) portfolio of companies, has begun the phase 2 trial for its lead product Chronocort. The first patient has been enrolled into the CATCH trial, which is aimed at people suffering from reduced level s of the key ...



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Friday, February 1, 2013

Funds partner on business parks - Houston Business Journal:

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An affiliate formed by Houston-basex ProTerra and Dallas’ Stratford Co. is moving forwarf with a proposed project called West Ten Business The 463 acres assembled by the partnershi in Katy contains the same site of a similar projecrt previously under consideration by theWolffd Cos. ProTerra and Stratford also jointly acquired nearlty 880 acres in Baytown for a largeindustrialk project. is also involved in the deal (see While both funds focua onland investments, Stratford brings more financiakl resources to the The Dallas company is spending money from a $400 million investment fund, with as the largestf institutional investor.
ProTerra has raised $35 million from individual investors since the fund was launched nearlyu two years ago byJohn Moody, his son Joe Moody and Jim The fund still has 60 percen available for investment. Stratford does not typically co-investg on deals, but made an exceptionh for ProTerra. “I think a lot of John Moody,” says Kevin Stratford’s director of investment in Texas. “His businessz philosophy and his approach to people and the businesws are very similar to The two principals were brought together by Mark Gibsonj of Holliday FenoglioFowler LP, who helpedc set up Stratford’s investment fund and was familiafr with Moody’s fund.
The resulgt was a partnership that has producefdtwo deals, and is expected to generate more transactions in the future. The first orderd of business for Pro-Terra and Stratford is development of West TenBusinesds Park. The deed-restricted business park will occupgy 463 acres on the nortn side ofInterstate 10, about halfwa between FM 1463 and Pederson Road. A big chunmk of the acreage was formerly controlled by David the developer behind the Park10 (see “Wolftf roaming east to Katy,” Nov. 16, David Hightower, executive vice president for Wolftf Cos.
, says the firm passed on the propertgy becauseit wasn’t suited for immediate vertical something Wolff looks for when launching a project. “Wd worked real hard on it,” says “It became apparent that it wasn’t going to fit in with our busineses model.” Wolff had purchased 54 acres from ownedJohn Beeson, and declined to exercise an option for Beeson’s othee 272 acres. ProTerra and Stratford took title to the 326 acrews amonth ago, buying out Wolffg and Beeson. Terms of the deals were not released. “Ir is the best tract of land outtherde that’s not being developed,” says Beeson of Beeson Properties.
The property is adjacen t to 137 acres ProTerra acquired inMarch 2008. That land has been flippec into the Stratford giving the owners a totapl of 463 acres forWest Ten. Stratford is the majorityy owner with a 64 percent stake in the The owners will bring water and sewer to the They are also working with the City of Katy and the to constructg Cane Island Parkway throughthe site, and exit ramps from I-10.