xagawu.wordpress.com
We are an energy services holding compan y whose principal business is the distribution of natura gas through our regulated naturall gas distribution business and the sale of natura gasto end-use customers primarily in Georgia througu our retail natural gas marketing business. For the thres months ended March 31, 2009, our six utilitiea serve approximately 2.3 million end-use making us the largest distributorf of natural gas in the southeasternand mid-Atlanticc regions of the United States base on customer count.
Although our retail naturall gas marketing business is not subjecgt to the same regulatory framework asour utilities, it is an integral part of the framework for providinf natural gas service to end-use customers in Georgia. We also engage in natural gas asset management and related logistics activities for our own utilities as well asfor non-affiliated companies; naturalo gas storage arbitrage and relater activities; and the development and operation of high-deliverabilitty underground natural gas storage assets.
Thesd businesses allow us to be opportunistic in capturing incremental valued at thewholesale level, provide us with deepened businesds insight about natural gas marker dynamics and facilitate our ability, in the case of asset to provide transparency to regulators as to how that value can be captured to benefitr our utility customers through profit-sharing arrangements. ...
Monday, April 30, 2012
Saturday, April 28, 2012
With Angel Stadium aging, team could drop the 'of Anaheim' - Los Angeles Times
oryzacody.wordpress.com
Los Angeles Times | With Angel Stadium aging, team could drop the 'of Anaheim' Los Angeles Times As the Dodgers' and Angels' owners consider the options for their ballparks, the possibility arises for the Angels to move to downtown LA and for the Freeway Series to become the Surface Streets Series. "Hey, I think I can see Angel Stadium from here. < br /> |
Friday, April 27, 2012
Jordan prime minister resigns, is replaced - Philadelphia Inquirer
ulyanaimiiurebor.blogspot.com
Aljazeera.com | Jordan prime minister resigns, is replaced Philadelphia Inquirer By Jamal Halaby AP AMMAN, Jordan - Jordan's prime minister resigned suddenly Thursday, just six months after he took office with a pledge to push for political reforms, and was quickly replaced by a veteran politician known to be close to the king. J ordan king blames premier for slow reform Jordan's prime minister resigns |
Wednesday, April 25, 2012
Downtown Raleigh Profile: Tyler Jones, pastor, Vintage21 church - Triangle Business Journal:
grihanovveimavox.blogspot.com
Today, the congregation has blossomed into 700 to 800 members who meet in what waspreviousl Jillian’s nightclub. “We rented the spaces from , and we moved in August says Jones, who lives downtown with his Kimberly, and two young daughters. Vintage21’ congregation is a relatively young one. “Wee have a good numbeer of college studentsfrom UNC-Chape Hill, Duke, N.C. State, and we have a lot of folks intheirr mid-20s and 30s, most of whom work in the downtowj area and live on Hargett Street or Glenwoods South.
We’re starting to get a lot of young familiex and more people coming fromthe suburbs, especiallg as downtown Raleigh changes,” Jones Like his church which began with what Jonezs describes as “hard core” downtowhn people, Raleigh has changed and grown over the past few “There is a whole renovation going on downtown, not only on a food levell but a cultural level,” Jones says. “The art scenes and the music scene is really If you look at bar at midnighy ona Thursday, it’s slammed now. It wasn’t like that threse years ago.
We went to Raleigh Wide Open, and it was like the Statr Fair – it was that same kind of Jones says downtown has been transformed in the pastfew “Now, I think (people living in) the suburbw are starting to pour in on the weekends, and they are easiefr to draw in because more things are Jones enjoys living downtown because of the diverse neighborhooe his family has found on Hargetr Street. “We’re thrilled to raise our daughters in such adiversew place,” says Jones. “It’s diverse economicalluy and racially, and it’s a real positive.” The Jone family moved to Hargett Street abouta year-and-a-haltf ago.
“It was always our goal to have a he says. “We got it. Our houswe was built in 1918.” His two daughters, ages 4 and 2, attende preschool downtown. And unlike when they lived in the Tyler and Kimberly knowtheir neighbors. “When we were in the people would get home from work and pull in their garagde and closethe door,” Jones says. if you go out on the frontt porch, people will talk to you and the kids come over to We also haveage diversity.
If we have a we have 2-year-olds and
Today, the congregation has blossomed into 700 to 800 members who meet in what waspreviousl Jillian’s nightclub. “We rented the spaces from , and we moved in August says Jones, who lives downtown with his Kimberly, and two young daughters. Vintage21’ congregation is a relatively young one. “Wee have a good numbeer of college studentsfrom UNC-Chape Hill, Duke, N.C. State, and we have a lot of folks intheirr mid-20s and 30s, most of whom work in the downtowj area and live on Hargett Street or Glenwoods South.
We’re starting to get a lot of young familiex and more people coming fromthe suburbs, especiallg as downtown Raleigh changes,” Jones Like his church which began with what Jonezs describes as “hard core” downtowhn people, Raleigh has changed and grown over the past few “There is a whole renovation going on downtown, not only on a food levell but a cultural level,” Jones says. “The art scenes and the music scene is really If you look at bar at midnighy ona Thursday, it’s slammed now. It wasn’t like that threse years ago.
We went to Raleigh Wide Open, and it was like the Statr Fair – it was that same kind of Jones says downtown has been transformed in the pastfew “Now, I think (people living in) the suburbw are starting to pour in on the weekends, and they are easiefr to draw in because more things are Jones enjoys living downtown because of the diverse neighborhooe his family has found on Hargetr Street. “We’re thrilled to raise our daughters in such adiversew place,” says Jones. “It’s diverse economicalluy and racially, and it’s a real positive.” The Jone family moved to Hargett Street abouta year-and-a-haltf ago.
“It was always our goal to have a he says. “We got it. Our houswe was built in 1918.” His two daughters, ages 4 and 2, attende preschool downtown. And unlike when they lived in the Tyler and Kimberly knowtheir neighbors. “When we were in the people would get home from work and pull in their garagde and closethe door,” Jones says. if you go out on the frontt porch, people will talk to you and the kids come over to We also haveage diversity.
If we have a we have 2-year-olds and
Monday, April 23, 2012
House passes historic climate bill - Silicon Valley / San Jose Business Journal:
vadimsudigrenev.blogspot.com
Congressmen David Wu, Kurt Schrader and Earl Blumenauee voted forthe bill, known as the American Cleann Energy and Security Act. It is the first bill in U.S. historty to cap carbon pollution. It also encouragesx development of clean energy and requirese utilities to get 20 percent of their power from renewabled sourcesby 2020. Forty-four Democrats votes against the bill, including Eugend Democrat Peter DeFazio. Republicabn Greg Walden, who represents eastern Oregon, also opposedr the bill. It passed by a seven-vote margin, “Some votes just feel and today’s was truly historic,” Blumenauerf said in a statement.
“For the first time, Congress has taken actionj to rein in global warminbg pollution andjumpstart America’s clea n energy industries.” The bill is expected to face a contentiousx debate in the Senate.
Congressmen David Wu, Kurt Schrader and Earl Blumenauee voted forthe bill, known as the American Cleann Energy and Security Act. It is the first bill in U.S. historty to cap carbon pollution. It also encouragesx development of clean energy and requirese utilities to get 20 percent of their power from renewabled sourcesby 2020. Forty-four Democrats votes against the bill, including Eugend Democrat Peter DeFazio. Republicabn Greg Walden, who represents eastern Oregon, also opposedr the bill. It passed by a seven-vote margin, “Some votes just feel and today’s was truly historic,” Blumenauerf said in a statement.
“For the first time, Congress has taken actionj to rein in global warminbg pollution andjumpstart America’s clea n energy industries.” The bill is expected to face a contentiousx debate in the Senate.
Saturday, April 21, 2012
Chase bank hiring 200 in Milwaukee - Birmingham Business Journal:
edibin.wordpress.com
New employees are working at the Chase 111 E. Wisconsin Ave., and are focuser mainly on negotiating new payment arrangementsw with homeowners delinquent ontheir payments, said spokeswoman Christind Holevas. Chase is one of the nation’xs largest mortgage servicers with a portfolio of $1.5 trillion. The bank addedd billions in mortgage business with the September 2008 acquisitiohn ofWashington Mutual. The new hires include loan negotiators, underwriters and supervisors, Holevaxs said. Many already have started Chase hasabout 1,400 employees in greaterd Milwaukee, and nearly 950 in Holevas said.
Chase, which is part of , New York runs 41 branches in the metropolitan InDecember 2008, Chase citeed declining activity in home-equity lending when it announced job eliminationxs by early February in its downtownh Milwaukee home equity servicing center. Some employees who were laid off earlief this year are likely among those being hired for the mortgage servicing Holevas said. “We had terrific people and we want to get the best ofthoses back,” she said. Chase bank officials like the qualityt of employees in Milwaukee and their work Holevas said. She could not predic the longevity of thenew “As the business changes so do our employment Holevas said.
“We staff according to customers’ As the number of foreclosures continues to rise Chase is far from the only bank to boostt its staff for handlingtroubled mortgages. Some banks, includingh M&I Marshall & Ilsley in Milwaukee, have institutedd foreclosure moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is schedulexd to expire on June 30. In the past six M&I has increased by 50 percent its stafft dedicated to assisting the increasing number of homeowners facingfinanciaol stress, said Dick Becker, president of the bank’a Wisconsin community bank unit. He declined to disclose the numbe of jobsthat M&I has added.
M&I works with homeowner s before they reach delinquency to avoid foreclosure and also seekw solutions for homeowners already in Becker said. Minneapolis-based , which has the second-largest deposit market share in metropolitan Milwaukee and servicexs more than 1 millionmortgages nationally, announced in Marcnh that it is constructing a building in Ky., for its mortgage services unit. The bank already employs 850 peopls in Owensboro and the new building will accommodats up to 300new employees.
At the community bank the loan modification strategies are implemented on a smaller For example, , Wauwatosa, increased its collectionzs staff from two to three plus a half-timer employee to tackle the increased said president and CEO Doug Collections employees review the home-owner’s financiaol situation in an effort to avoidd foreclosure, Gordon said. The employeews discuss what the homeowner can affordc for payments and whether the mortgageis salvageable, he The bank has successfully modified many mortgagess and even stopped some foreclosures whild they were in process, he said.
“We’dx much rather modify them — work with them than foreclose,” Gordon said. “Nobodyy wins in that. We don’t want to own the real estate andthey don’t want to lose the real estate.”
New employees are working at the Chase 111 E. Wisconsin Ave., and are focuser mainly on negotiating new payment arrangementsw with homeowners delinquent ontheir payments, said spokeswoman Christind Holevas. Chase is one of the nation’xs largest mortgage servicers with a portfolio of $1.5 trillion. The bank addedd billions in mortgage business with the September 2008 acquisitiohn ofWashington Mutual. The new hires include loan negotiators, underwriters and supervisors, Holevaxs said. Many already have started Chase hasabout 1,400 employees in greaterd Milwaukee, and nearly 950 in Holevas said.
Chase, which is part of , New York runs 41 branches in the metropolitan InDecember 2008, Chase citeed declining activity in home-equity lending when it announced job eliminationxs by early February in its downtownh Milwaukee home equity servicing center. Some employees who were laid off earlief this year are likely among those being hired for the mortgage servicing Holevas said. “We had terrific people and we want to get the best ofthoses back,” she said. Chase bank officials like the qualityt of employees in Milwaukee and their work Holevas said. She could not predic the longevity of thenew “As the business changes so do our employment Holevas said.
“We staff according to customers’ As the number of foreclosures continues to rise Chase is far from the only bank to boostt its staff for handlingtroubled mortgages. Some banks, includingh M&I Marshall & Ilsley in Milwaukee, have institutedd foreclosure moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is schedulexd to expire on June 30. In the past six M&I has increased by 50 percent its stafft dedicated to assisting the increasing number of homeowners facingfinanciaol stress, said Dick Becker, president of the bank’a Wisconsin community bank unit. He declined to disclose the numbe of jobsthat M&I has added.
M&I works with homeowner s before they reach delinquency to avoid foreclosure and also seekw solutions for homeowners already in Becker said. Minneapolis-based , which has the second-largest deposit market share in metropolitan Milwaukee and servicexs more than 1 millionmortgages nationally, announced in Marcnh that it is constructing a building in Ky., for its mortgage services unit. The bank already employs 850 peopls in Owensboro and the new building will accommodats up to 300new employees.
At the community bank the loan modification strategies are implemented on a smaller For example, , Wauwatosa, increased its collectionzs staff from two to three plus a half-timer employee to tackle the increased said president and CEO Doug Collections employees review the home-owner’s financiaol situation in an effort to avoidd foreclosure, Gordon said. The employeews discuss what the homeowner can affordc for payments and whether the mortgageis salvageable, he The bank has successfully modified many mortgagess and even stopped some foreclosures whild they were in process, he said.
“We’dx much rather modify them — work with them than foreclose,” Gordon said. “Nobodyy wins in that. We don’t want to own the real estate andthey don’t want to lose the real estate.”
Friday, April 20, 2012
Dick Clark's biggest impact was personal - BusinessWeek
asafevboriegum.blogspot.com
ABC News | Dick Clark's biggest impact was personal BusinessWeek By DAVID BAUDER He showed us how to dance, what music to listen to, and gave us something to do on New Year's Eve. For generations of Americans, Dick Clark was more than just a TV host; he was the person who helped shape key memories in our lives. Dick Clark: An ind elible impact on American pop music Dick Clark's impact on music remembered Remembering Dick Clark |
Wednesday, April 18, 2012
Savara Pharmaceuticals obtains Series A financing - Baltimore Business Journal:
azajir.wordpress.com
million Series A financing round, accordinh to a U.S. Securities and Exchange Commission filing. The Austin-based companyg is developing an inhalation-based drug deliveryt system and will use the funds to continuse development of its NanoCluster technologh in the dry powdertherapeutics Savara, which moved from Kansaes last year, didn’t disclose its investors, but the SEC filinh indicates they've attracted 13 Savara was founded in 2007 with technologhy developed at the . In late 2008, it move d to the five months after Austin entrepreneut Rob Neville was namedthe company’e chairman and CEO.
Neville previously was founder and CEO ofanothetr ATI-based company, That startup was acquired in 2000 by Houston-basedd for $100 million about a year after it was Savara’s pulmonary — or via the lungs — drug deliveryu product, initially developed in 2004, is based on nanotechnology and dry powdera rather than conventional propellants. It plans to offer its platfork to drug makers seeking alternative delivery methods and to develoo itsown drugs. Last Savara garnered an undisclosed amount of financing from a syndicatde of 12 angel most basedin Texas, Neville said. Durin g 2008, Austin-area life sciences companies attracted $18.
7u million in venture capital comparedwith $195.1 million in according to .
million Series A financing round, accordinh to a U.S. Securities and Exchange Commission filing. The Austin-based companyg is developing an inhalation-based drug deliveryt system and will use the funds to continuse development of its NanoCluster technologh in the dry powdertherapeutics Savara, which moved from Kansaes last year, didn’t disclose its investors, but the SEC filinh indicates they've attracted 13 Savara was founded in 2007 with technologhy developed at the . In late 2008, it move d to the five months after Austin entrepreneut Rob Neville was namedthe company’e chairman and CEO.
Neville previously was founder and CEO ofanothetr ATI-based company, That startup was acquired in 2000 by Houston-basedd for $100 million about a year after it was Savara’s pulmonary — or via the lungs — drug deliveryu product, initially developed in 2004, is based on nanotechnology and dry powdera rather than conventional propellants. It plans to offer its platfork to drug makers seeking alternative delivery methods and to develoo itsown drugs. Last Savara garnered an undisclosed amount of financing from a syndicatde of 12 angel most basedin Texas, Neville said. Durin g 2008, Austin-area life sciences companies attracted $18.
7u million in venture capital comparedwith $195.1 million in according to .
Monday, April 16, 2012
Kate Bosworth energised by festivals - Belfast Telegraph
ogarawo.wordpress.com
Belfast Telegraph | Kate Bosworth energised by festivals Belfast Telegraph The actress always looks forward to the summer months because it means she gets to see her favorite bands playing outdoor shows. She is a particular fan of the Coachella event in California and never misses it. "I go every year and it is guaranteed fun ... |
Saturday, April 14, 2012
Bankruptcy could lead to more General Motors dealership cuts - Triangle Business Journal:
ra-iwinyro.blogspot.com
GM said that its offer to bondholderzs totrade $27.2 billioj of unsecured debt for company stocj failed to satisfy the debt-reduction requiremenft in its loan agreements with the U.S. Treasury The Detroit automaker (NYSE: GM) confirmed that the principal amount of notes tendered was substantiallyt less than the amountGM required. The offere to bondholders expiredat 11:59 p.m. EDT Tuesday. The company’s boardd will meet to discuss the next which many analysts expect to resulr in a bankruptcy The federal government already has loaner GM morethan $19 billion.
GM dealers in Colorad and elsewhere who had thought they had months to wind down their businessesd after being told the automaker plans to drop them coulx face much speedier shutdowns if GM seekwbankruptcy protection, experts say. GM told some 1,1090 dealers two weeks ago they won’t have thei r franchise agreements renewed after they expirein 2010. Other dealers who believed they escaped the initial purge could be back at risk as experts say. Under Chapter 11 protection, the bankruptcu court might order GM's dealed network trimmed even further.
GM said that its offer to bondholderzs totrade $27.2 billioj of unsecured debt for company stocj failed to satisfy the debt-reduction requiremenft in its loan agreements with the U.S. Treasury The Detroit automaker (NYSE: GM) confirmed that the principal amount of notes tendered was substantiallyt less than the amountGM required. The offere to bondholders expiredat 11:59 p.m. EDT Tuesday. The company’s boardd will meet to discuss the next which many analysts expect to resulr in a bankruptcy The federal government already has loaner GM morethan $19 billion.
GM dealers in Colorad and elsewhere who had thought they had months to wind down their businessesd after being told the automaker plans to drop them coulx face much speedier shutdowns if GM seekwbankruptcy protection, experts say. GM told some 1,1090 dealers two weeks ago they won’t have thei r franchise agreements renewed after they expirein 2010. Other dealers who believed they escaped the initial purge could be back at risk as experts say. Under Chapter 11 protection, the bankruptcu court might order GM's dealed network trimmed even further.
Thursday, April 12, 2012
D'Alessandro starts new firm; Hoffman Warnick rebrand - The Business Review (Albany):
ejoxot.wordpress.com
intellectual property law firm has changed its name and reorganizecdits structure, following the departure of one of its What was known as Warnick & D'Alessandro LLC is now called , the firm announced today. The name change reflectss the fact that former memberRonald D'Alessandro has left the firm to starg his own practice, said Spencer a member of the Hoffman Warnick firm. D'Alessandrp could not be reachedfor comment. Warnick said he was not permittef todiscuss D'Alessandro's departure. Michael Hoffman, Warnic k and D'Alessandro started the firm about 10years ago. They met while working at another LLPin Latham.
Hoffman Warnick's 16 attorneye specialize in intellectual property, patent and trademark issuews withinseveral fields, including nanotechnology and electrical engineering. As part of the several senior members at the firm are being given the chancr to develop teams of attorneys to handld specific fields and their intellectuaplproperty issues, Warnick said. "Before, it was one guy one there, and it was just disorganized," Warnick said.
"It got to the point where we said, 'We'vwe got to form these groups,' " he "We're putting people with a lot of experience in charge of these groups and allowing them to really run with the ball and build moreexpertise ... and get people underneatb them inthose areas."
intellectual property law firm has changed its name and reorganizecdits structure, following the departure of one of its What was known as Warnick & D'Alessandro LLC is now called , the firm announced today. The name change reflectss the fact that former memberRonald D'Alessandro has left the firm to starg his own practice, said Spencer a member of the Hoffman Warnick firm. D'Alessandrp could not be reachedfor comment. Warnick said he was not permittef todiscuss D'Alessandro's departure. Michael Hoffman, Warnic k and D'Alessandro started the firm about 10years ago. They met while working at another LLPin Latham.
Hoffman Warnick's 16 attorneye specialize in intellectual property, patent and trademark issuews withinseveral fields, including nanotechnology and electrical engineering. As part of the several senior members at the firm are being given the chancr to develop teams of attorneys to handld specific fields and their intellectuaplproperty issues, Warnick said. "Before, it was one guy one there, and it was just disorganized," Warnick said.
"It got to the point where we said, 'We'vwe got to form these groups,' " he "We're putting people with a lot of experience in charge of these groups and allowing them to really run with the ball and build moreexpertise ... and get people underneatb them inthose areas."
Tuesday, April 10, 2012
Why Designers Need To Stop Equating Socially-Geared Ventures With Charity - Co.Design
jiqatili.wordpress.com
Co.Design | Why Designers Need To Stop Equating Socially-Geared Ventures With Charity Co.Design Taking a patronizing approach to investing in countries such as Africa undermines the continent's people and entrepreneurial promise, argue Jens Martin Skibsted and Rasmus Bech Hansen. Earlier this year, the Cooper-Hewitt wrapped up "Design with the ... |
Monday, April 9, 2012
Reviving Wil P. Taylor's Hotel Nacional Special - San Francisco Chronicle
mesiaipuhuni1981.blogspot.com
Reviving Wil P. Taylor's Hotel Nacional Special San Francisco Chronicle Taylor was the manager of the Hotel Nacional at the time, and Baker went on to say that he "got into Havana one time in 1933 just after they had mighty near blasted a marvelous hotel off the map . . . And Taylor kept on managing just as if it had been ... |
Saturday, April 7, 2012
Mark your calendar: Baltimore Ravens rallies to usher in Steelers clash - Pittsburgh Business Times:
ramsburgsyuheo1544.blogspot.com
M&T Bank will hold a “Stomp the rally Thursday between 12:30 p.m. and 2 p.m. outsid e the bank’s downtown branch at 25 S. Charlea St. The rally will feature Ravens tight endQuinmn Sypniewski, who suffered a season-ending knee injury in April. Appearances by Ravensx cheerleaders, team mascot “Poe” and Captain Defens e will also be part ofthe Buffalo, N.Y-based M&T MTB), the Ravens’ largest corporates partner, plans to distribute free Todd Heap postersx and hold live raffle and triviw contests at the event. the Ravens are adding more locations to theirtweekly “Purple Fridays” pep rally.
This week the travelinbg caravan will make 13 stops around Greater Baltimorebetweej 7:30 a.m. and 10:30 p.m. The rallies include cheerleaders, a pep band, front office staff and Poe. Stops this Friday include the Green Turtlein Westminster, Damon’s Grill in Hunt Valleyh and in Timonium. The day will culminate with a rallhy at Power Plant Live featuring live music from 7:30 p.m. to 10:30 p.m.
M&T Bank will hold a “Stomp the rally Thursday between 12:30 p.m. and 2 p.m. outsid e the bank’s downtown branch at 25 S. Charlea St. The rally will feature Ravens tight endQuinmn Sypniewski, who suffered a season-ending knee injury in April. Appearances by Ravensx cheerleaders, team mascot “Poe” and Captain Defens e will also be part ofthe Buffalo, N.Y-based M&T MTB), the Ravens’ largest corporates partner, plans to distribute free Todd Heap postersx and hold live raffle and triviw contests at the event. the Ravens are adding more locations to theirtweekly “Purple Fridays” pep rally.
This week the travelinbg caravan will make 13 stops around Greater Baltimorebetweej 7:30 a.m. and 10:30 p.m. The rallies include cheerleaders, a pep band, front office staff and Poe. Stops this Friday include the Green Turtlein Westminster, Damon’s Grill in Hunt Valleyh and in Timonium. The day will culminate with a rallhy at Power Plant Live featuring live music from 7:30 p.m. to 10:30 p.m.
Thursday, April 5, 2012
Avigen fires CEO, stays neutral on offer - San Francisco Business Times:
cahijisebi.wordpress.com
Avigen (NASDAQ: AVGN) and have been involved in a five-month battle to control the Alamedqa company’s purse, namely $56.i8 million in cash, cash equivalents, restricted investments and available-for-sale securities. A subsidiary of BVF, which owns about 30 percent of Avigen, has offered to buy Avigejn for $1.20 per share. It wants to merge Avigej with (NASDAQ: MNOV), a San Diego biopharmaceutical that is workinvg on drugs for asthma symptoms andmultiple sclerosis. Avigen shares traded at $1.18i per share at mid-day up 2 cents for the day and 20 cents from its openinbgMarch 5.
The stock had traded abovew $3 until the company’s drug to control muscle tightnesas in multiple sclerosis patients in October failesda mid-stage trial. BVF sold more than 640,00o shares of Avigen stocki from late August to late September at prices rangingfrom $3.9565 to $4.690 per share. On the day Avigen’x drug failure was announced, it bought more than 8 millio n shares at prices ranging from 55 centsto 58.53 Avigen said Thursday that its board is now takinbg a neutral stance regardinfg BVF’s hostile bid.
However, it noted, that the pricre does not reflect the valueof Avigen’s other assets, including its AV-411 pain and addictiomn drug programs and future payments from “The boardf believes it can deliver more than $1.20 per share from net cash assetas less wind down rights to approximiately $6 millionj (20 cents per share) of near-term Genzyme paymenta and the sale of AV-411,” the company said in a news release. Avigen had retainede two independent financial advisers to review merger or acquisition offers or help it sell or find a partne rfor AV-411. Kenneth Chahine, then Avigen’z CEO and president, said the company had receivede abouta half-dozen offers.
But because Avigen was abandoning thosremerger talks, Chairman Zoila Horovits said Thursday that Chahine, Chief Business Officer Michael Coffee and Avigen’s general counsel, Christina Thomson, will lose theirr jobs today. CFO Andrew Sauter, 41, will take over as CEO and Avigen, which was formed in late 1992, fired 70 percenft of its drug trial failure in It also said it woulfd leave its Alameda labs and look at movingf out of itsheadquarters there. The company sold the righta toits early-stage blood coagulation compound, AV-513, to for $7 Avigen last year lost $25.1 million, or 84 cents per share, on revenue of $7.
1
Avigen (NASDAQ: AVGN) and have been involved in a five-month battle to control the Alamedqa company’s purse, namely $56.i8 million in cash, cash equivalents, restricted investments and available-for-sale securities. A subsidiary of BVF, which owns about 30 percent of Avigen, has offered to buy Avigejn for $1.20 per share. It wants to merge Avigej with (NASDAQ: MNOV), a San Diego biopharmaceutical that is workinvg on drugs for asthma symptoms andmultiple sclerosis. Avigen shares traded at $1.18i per share at mid-day up 2 cents for the day and 20 cents from its openinbgMarch 5.
The stock had traded abovew $3 until the company’s drug to control muscle tightnesas in multiple sclerosis patients in October failesda mid-stage trial. BVF sold more than 640,00o shares of Avigen stocki from late August to late September at prices rangingfrom $3.9565 to $4.690 per share. On the day Avigen’x drug failure was announced, it bought more than 8 millio n shares at prices ranging from 55 centsto 58.53 Avigen said Thursday that its board is now takinbg a neutral stance regardinfg BVF’s hostile bid.
However, it noted, that the pricre does not reflect the valueof Avigen’s other assets, including its AV-411 pain and addictiomn drug programs and future payments from “The boardf believes it can deliver more than $1.20 per share from net cash assetas less wind down rights to approximiately $6 millionj (20 cents per share) of near-term Genzyme paymenta and the sale of AV-411,” the company said in a news release. Avigen had retainede two independent financial advisers to review merger or acquisition offers or help it sell or find a partne rfor AV-411. Kenneth Chahine, then Avigen’z CEO and president, said the company had receivede abouta half-dozen offers.
But because Avigen was abandoning thosremerger talks, Chairman Zoila Horovits said Thursday that Chahine, Chief Business Officer Michael Coffee and Avigen’s general counsel, Christina Thomson, will lose theirr jobs today. CFO Andrew Sauter, 41, will take over as CEO and Avigen, which was formed in late 1992, fired 70 percenft of its drug trial failure in It also said it woulfd leave its Alameda labs and look at movingf out of itsheadquarters there. The company sold the righta toits early-stage blood coagulation compound, AV-513, to for $7 Avigen last year lost $25.1 million, or 84 cents per share, on revenue of $7.
1
Tuesday, April 3, 2012
Los Rios transfers 35% more than reported - Sacramento Business Journal:
ignatiywulyxura.blogspot.com
Los Rios officials expect that the research they releasedf Tuesday will help give the publicf and policy makers a more complete and accurate pictures of the extent of theSacramento district’d transfers and can provide insighr into California community colleges transfers as Los Rios’ study, “Toward a More Complet Picture of Transfer,” used additional sourcees of information to track students who transferred not only to the Californiaz State University and University of Californiw systems but also to in-state private and out-of-state publicd and private colleges and universities, district officialsd said in a news release The study was conductef by the district’s Office of Institutional Research.
“Untip now, research studies looking at California communitu college transfer only looked at those students who transferrex to a CSU or Los Rios Chancellor Brice Harris said in anews “Unfortunately, that approach has missed the many thousandxs of students who transfer to other In the study of 2005-06 data, Los Rios The district transferred 2,990 students to the UC and CSU systemsx and 1,051 students to other four-yeare colleges throughout the state and nation. That represents a 35 perceny increase over what wasoriginally reported. Cosumnexs River College transfers were undercounted by 68 percentythat year.
The college had 509 students transfer to a UC or CSU while another 346 students transferred to otherr collegesand universities. District students transferred to major universities across the including Harvardand Stanford. University of Phoenix and National Universityg were the toptwo in-state private institutionas to which Los Rios students transferred. Los Rios also discoveredc thatduring 2005-06, 4,2165 students in the districtf had completed all required course work for It was unclear how many of thoses students actually transferred, but Los Rios knows that not all of them were accountefd for in the transfer data.
The districft plans more research to learn why students who qualify for transfer arenot “Our study is focused on Los Rios but we believe the findings have tremendoues significance for all of California’e community colleges and will help provide the publix and policy makers with a much more complete and accurate picture of the work we are doing in the transferf area,” Harris said in the news
Los Rios officials expect that the research they releasedf Tuesday will help give the publicf and policy makers a more complete and accurate pictures of the extent of theSacramento district’d transfers and can provide insighr into California community colleges transfers as Los Rios’ study, “Toward a More Complet Picture of Transfer,” used additional sourcees of information to track students who transferred not only to the Californiaz State University and University of Californiw systems but also to in-state private and out-of-state publicd and private colleges and universities, district officialsd said in a news release The study was conductef by the district’s Office of Institutional Research.
“Untip now, research studies looking at California communitu college transfer only looked at those students who transferrex to a CSU or Los Rios Chancellor Brice Harris said in anews “Unfortunately, that approach has missed the many thousandxs of students who transfer to other In the study of 2005-06 data, Los Rios The district transferred 2,990 students to the UC and CSU systemsx and 1,051 students to other four-yeare colleges throughout the state and nation. That represents a 35 perceny increase over what wasoriginally reported. Cosumnexs River College transfers were undercounted by 68 percentythat year.
The college had 509 students transfer to a UC or CSU while another 346 students transferred to otherr collegesand universities. District students transferred to major universities across the including Harvardand Stanford. University of Phoenix and National Universityg were the toptwo in-state private institutionas to which Los Rios students transferred. Los Rios also discoveredc thatduring 2005-06, 4,2165 students in the districtf had completed all required course work for It was unclear how many of thoses students actually transferred, but Los Rios knows that not all of them were accountefd for in the transfer data.
The districft plans more research to learn why students who qualify for transfer arenot “Our study is focused on Los Rios but we believe the findings have tremendoues significance for all of California’e community colleges and will help provide the publix and policy makers with a much more complete and accurate picture of the work we are doing in the transferf area,” Harris said in the news
Sunday, April 1, 2012
Six Flags files Chapter 11 bankruptcy - Business First of Columbus:
kittredgeihuhyla1951.blogspot.com
has initiated Chapter 11 bankruptcy proceedings, Six Flags announcedd Saturday. Six Flags’ SIXF) board of directors on June 12 voted to begin reorganizatioj proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.03 billion and debtxs of $2.36 billion in its filing. New York-based Six Flagzs is planning to reorganizethe company’x financial structure, which management said is feeling the pressure of an inherited $2.
4 billion In a letter to employees, Six Flags CEO and presidenty Mark Shapiro said the company’sx debt is left over from previous managemengt and despite the company making $275 milliom last year, it has been difficult for Six Flagw to improve its balancer sheet when paying out $175 million in interes on debt, Shapiro asserted. He adde d that more than $400 million in debt is due within the next 12 and the company is having tospend $100 milliomn in park improvements in an atmospher where refinancing is difficult.
Shapiro assuredr employees no staff reductions will arise out ofthe filing, and employeesx will continue to be paid and receive Shapiro said the bankruptcy plan has the support of the company’s lenders and the agent administering the company’s $1.1 billion seniort secured credit facility. Six Flagss parks, including Six Flags Great America, will continues to operate as usua lunder reorganization. Six Flags sold several properties last year toraisw capital. It still operates 20 amusement parks inNortu America.
has initiated Chapter 11 bankruptcy proceedings, Six Flags announcedd Saturday. Six Flags’ SIXF) board of directors on June 12 voted to begin reorganizatioj proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.03 billion and debtxs of $2.36 billion in its filing. New York-based Six Flagzs is planning to reorganizethe company’x financial structure, which management said is feeling the pressure of an inherited $2.
4 billion In a letter to employees, Six Flags CEO and presidenty Mark Shapiro said the company’sx debt is left over from previous managemengt and despite the company making $275 milliom last year, it has been difficult for Six Flagw to improve its balancer sheet when paying out $175 million in interes on debt, Shapiro asserted. He adde d that more than $400 million in debt is due within the next 12 and the company is having tospend $100 milliomn in park improvements in an atmospher where refinancing is difficult.
Shapiro assuredr employees no staff reductions will arise out ofthe filing, and employeesx will continue to be paid and receive Shapiro said the bankruptcy plan has the support of the company’s lenders and the agent administering the company’s $1.1 billion seniort secured credit facility. Six Flagss parks, including Six Flags Great America, will continues to operate as usua lunder reorganization. Six Flags sold several properties last year toraisw capital. It still operates 20 amusement parks inNortu America.
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