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Democrats and a Republican-led voting bloc have battlerd for control of the chamber for more than two paralyzing thelegislative process. Gov. Davi d Paterson has called four straightgemergency sessions—including one today at noon—bugt senators have conducted no official business at any of Senators are supposed to vote to renews a series of laws that expirde June 30, including one that extends a state program that providesz low-cost power to businesses. Thosd and other issues remain unresolved, as neitherr side agrees on who isin power.
Senators want Patersobn to also call the state Assembly back intospecial session—q step they say is necessaryu in order to make any voteas legal and constitutional. The Assembly adjournex for summer vacation onJune 22, as “We are hopeful that the governore will bring both houses back on said Sen. Malcolm Smith (D-Queens). On June 24, a furiousw Paterson refused to call theAssemblyt back, saying it would serve no purpose. He said senatorzs can pass bills withoug the Assembly also beingin session. “Now they’re asking me to bring the Assembly For what?” Paterson asked, smacking his podium. “Arre we kidding?
If the Assembly came they’d be sitting on their hands, waiting for Smith said negotiations over apotential power-sharing agreement will continue over the “There are five days left before June 30,” said Sen. John Sampsonj (D-Brooklyn), leader of Senate said on Thursday. “The constitutionality, with respect to legislation, is too importan t for us to just go through mock sessions to getthingsx done. We look forward to completin the people’s business on or before June On Thursday, Paterson ordered the state treasureer not to deliver checks for per diems and travel expenses to since they have conducted no officialp business sinceJune 8.
That’sa when Republicans led a surprisw uprising in an attempt to oust Smith asthe Senate’sw majority leader. By law, governors can compeo legislators to meet in a special session and dictatee which bills will be included inthe session’d agenda. Governors cannot, however, force legislators to actually votes onthose bills. On June 25, Democrats gavele in an emergency sessiomn calledby Paterson. They adjourned a few minutes saying that they coulc not vote on billes without the Assembly also beingin session.
Members of the Republican-leds voting bloc were not present for that They heldtheir own, separatre session after Democrats ended theirs, and did not vote on any The two voting blocs each have 31 one with 31 Democrats, and one with all 30 Republicanse and Sen. Pedro Espada Jr. (D-Bronx). Both sidesa continue to fight about who isin control, and whether the vote on June 8 to oust Smit h was legal. There’s no way to breaok a 31-31 vote—the state has had no lieutenan t governorbecause Gov. David Patersonb vacated that post to take over forformer Gov. Eliot Spitzer.
Also, since no one agrees on who is the top officere inthe Senate, it remains unclear who woulxd become acting governor if Patersonn became incapacitated or leaves the state. “We actuallgy don’t know who’s in line for which is why I know you’re all wishing me good health,” Paterson said.
Thursday, May 31, 2012
Tuesday, May 29, 2012
Overland Park firm taps state's oil, gas resources - Kansas City Business Journal:
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Its executives have spent $5 million to acquire minerakl leases, equipment and infrastructure. By year'e end, it will have spent an additional $6 milliojn to drill wells. Its chairman calls the companuya mom-and-pop operation, even though it now pumps out 250 barrelds of oil a day. Oh, and it's baseed in Overland Park. "It's said Steve Cochennet, chairman and president of and aformeer executive. "People don't realiz how much oil is being produceed aroundKansas City." According to Kansas Geological Survey, the stat ranks eighth nationally, producing oil and gas valued at $4.6 billionn in 2006, which includes 35.7 milliojn barrels of oil. EnerJex concentrates on easterb Kansas.
Kansas differs from othetr states, where big companies such as and run the oil businesws from top tobottom -- digging the oil up, operating wells and then sellinbg to consumers. Kansas is a fragmented market, with 23,000 producers, which has led EnerJesx to where itis today. EnerJex, which formed in Decembere 2005, has based its success on the idea that these independenty producers have not fully tappecd available resources forfossil fuel.
In conjunctiob with Haas Petroleum, a longtime operatort in Kansas, workers drill additional wells in rich areaa where as little as 5 percentf to 10 percent of potential oil has been often using specialized technologies previousproducers didn't In return for acquiring the lease, EnerJe pays the landowner 12.5 percent of revenue the well generate. In August 2006, EnerJex went public througgh areverse merger, and its shares now are tradefd over the counter. No official revenue has been butthrough April, Cochennet had raised $11 million with outside Cochennet said the $8 milliohn the company invested through Sept.
30 already has producedx $26 million in oil according to a Securities and ExchangsCommission filing. "It's a classic first-move advantage situation," said Adam Connors, associate directod of , an investment bankingg firm in California that helped EnerJexraisee $9 million. "It's not that they are looking to buy up all the acreags and squeezeeverybody out. What they are trying to do is partne up with lease holders who choose not to spend the Itmaximizes everyone's interests.
"
Its executives have spent $5 million to acquire minerakl leases, equipment and infrastructure. By year'e end, it will have spent an additional $6 milliojn to drill wells. Its chairman calls the companuya mom-and-pop operation, even though it now pumps out 250 barrelds of oil a day. Oh, and it's baseed in Overland Park. "It's said Steve Cochennet, chairman and president of and aformeer executive. "People don't realiz how much oil is being produceed aroundKansas City." According to Kansas Geological Survey, the stat ranks eighth nationally, producing oil and gas valued at $4.6 billionn in 2006, which includes 35.7 milliojn barrels of oil. EnerJex concentrates on easterb Kansas.
Kansas differs from othetr states, where big companies such as and run the oil businesws from top tobottom -- digging the oil up, operating wells and then sellinbg to consumers. Kansas is a fragmented market, with 23,000 producers, which has led EnerJesx to where itis today. EnerJex, which formed in Decembere 2005, has based its success on the idea that these independenty producers have not fully tappecd available resources forfossil fuel.
In conjunctiob with Haas Petroleum, a longtime operatort in Kansas, workers drill additional wells in rich areaa where as little as 5 percentf to 10 percent of potential oil has been often using specialized technologies previousproducers didn't In return for acquiring the lease, EnerJe pays the landowner 12.5 percent of revenue the well generate. In August 2006, EnerJex went public througgh areverse merger, and its shares now are tradefd over the counter. No official revenue has been butthrough April, Cochennet had raised $11 million with outside Cochennet said the $8 milliohn the company invested through Sept.
30 already has producedx $26 million in oil according to a Securities and ExchangsCommission filing. "It's a classic first-move advantage situation," said Adam Connors, associate directod of , an investment bankingg firm in California that helped EnerJexraisee $9 million. "It's not that they are looking to buy up all the acreags and squeezeeverybody out. What they are trying to do is partne up with lease holders who choose not to spend the Itmaximizes everyone's interests.
"
Monday, May 28, 2012
As stimulus money is doled out, contractors search for bonding - Puget Sound Business Journal (Seattle):
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This is particularly true for women and minoritybusiness owners, who have facefd splotchy access to bonding opportunities. “It’s been a historical problem in our saidMarc Little, president and CEO of MWELA, the Minoritt & Women Educational Labor Agency in And since the stimulus bill passed in February, demanrd for the organization’s bond program has markedlyt increased, he said.
MWELA offers bid, paymeny and performance bonds to companies in its Sheltered Bond which turns two years old in Duringthat time, 11 contractors have received more than $11 milliohn in bonds from the agency for work on 46 different As part of the program, contractors have to spenr five hours a month for six months at a businesxs development class through University of Pittsburgh’s Institute for Entrepreneurial Excellence. The average surety bond is arounrd $300,000 to $400,000, but the agenc can go up to $1 million per projecft per company.
For projects larger than there is the SmalpBusiness Administration’s bond program, recently enhanced by the Recovery Act to help contractorss bidding on projects up to $5 The previous limit was $2 million. For companie s bidding on federalstimulus projects, the SBA can guaranteed bonding up to $10 But bonding success often isn’t enough to get the job said Carl Knoblock, district director for the Smalk Business Administration’s Pittsburgh office. “The challenge is they may be able to get but they may not be able to get the he said.
Bonds guarantee that a third party will compensate theownedr — the government agency, in the case of stimulusz projects — if the contractor doesn’r perform, for whatever reason. Many bonded especially the smaller ones, still need a line of credit to hire employees and buy materials to carryy outgovernment projects, which don’t provide up-front “When lenders already are not lending, even if it’ s assured and it’s bonded” it may not be Knoblock warned.
This is particularly true for women and minoritybusiness owners, who have facefd splotchy access to bonding opportunities. “It’s been a historical problem in our saidMarc Little, president and CEO of MWELA, the Minoritt & Women Educational Labor Agency in And since the stimulus bill passed in February, demanrd for the organization’s bond program has markedlyt increased, he said.
MWELA offers bid, paymeny and performance bonds to companies in its Sheltered Bond which turns two years old in Duringthat time, 11 contractors have received more than $11 milliohn in bonds from the agency for work on 46 different As part of the program, contractors have to spenr five hours a month for six months at a businesxs development class through University of Pittsburgh’s Institute for Entrepreneurial Excellence. The average surety bond is arounrd $300,000 to $400,000, but the agenc can go up to $1 million per projecft per company.
For projects larger than there is the SmalpBusiness Administration’s bond program, recently enhanced by the Recovery Act to help contractorss bidding on projects up to $5 The previous limit was $2 million. For companie s bidding on federalstimulus projects, the SBA can guaranteed bonding up to $10 But bonding success often isn’t enough to get the job said Carl Knoblock, district director for the Smalk Business Administration’s Pittsburgh office. “The challenge is they may be able to get but they may not be able to get the he said.
Bonds guarantee that a third party will compensate theownedr — the government agency, in the case of stimulusz projects — if the contractor doesn’r perform, for whatever reason. Many bonded especially the smaller ones, still need a line of credit to hire employees and buy materials to carryy outgovernment projects, which don’t provide up-front “When lenders already are not lending, even if it’ s assured and it’s bonded” it may not be Knoblock warned.
Saturday, May 26, 2012
Titans slice open porous Knights - ABC Online
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Titans slice open porous Knights ABC Online Despite scoring the first try of the evening through New South Wales winger Akuila Uate, the Knights were lethargic in attack and porous in defence. The trademark defence coach Wayne Bennett had hoped to rebuild the Knights with was exposed, ... |
Friday, May 25, 2012
Orlando 7-Eleven converts to franchise - Pacific Business News (Honolulu):
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The 3,000-square-foot convenience store at 3911 McCoy Road nearConwagy Road, which also has a gasoline will now be owned by franchisee Ermal a former store manager for five Dallas-based 7-Eleven Inc. announced plans in 2007 to convert 100 existingy locations in the state tofranchised operations. Stores managers were invited to apply for thosde franchises before the offerwent public. More than 40 7-Eleveb stores in the Orlando market arenow franchised, with about another 140 owned by the company.
Betweejn eight to 10 7-Eleven storeds throughout the state are being converted into franchise operations each montnh and plans to have most of the conversionss nationwide completedby 2012, according to a news release. The companyg operates, franchises or licenses abouf 7,800 stores in Nort America and morethan 36,100 stores in 15 countries. The company reported 2008 sales of morethan $53.7 billion.
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwagy Road, which also has a gasoline will now be owned by franchisee Ermal a former store manager for five Dallas-based 7-Eleven Inc. announced plans in 2007 to convert 100 existingy locations in the state tofranchised operations. Stores managers were invited to apply for thosde franchises before the offerwent public. More than 40 7-Eleveb stores in the Orlando market arenow franchised, with about another 140 owned by the company.
Betweejn eight to 10 7-Eleven storeds throughout the state are being converted into franchise operations each montnh and plans to have most of the conversionss nationwide completedby 2012, according to a news release. The companyg operates, franchises or licenses abouf 7,800 stores in Nort America and morethan 36,100 stores in 15 countries. The company reported 2008 sales of morethan $53.7 billion.
Wednesday, May 23, 2012
Behringer building wins LEED gold status - Denver Business Journal:
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recently received the 's Leadership in Energy and Environmentao Design gold certification for anexistinh building. The LEED Green Building Rating which established the criteria for judginf greenbuilding designs, operations and construction, gave the 35-year-old buildinb in North Carolina the awardd for its operational and maintenance best practicews and green design features. Bank of America Plaza, whic is part of the Behringer Harvard REITI Inc. portfolio, is the firsty Behringer Harvard asset to achieved thegold rating.
The commercial real estate companyinvestedf $70,000 in portfolio equipment upgrades and employee practices in the Dallas-based Behringer Harvard projects the improvements will yield $200,000 in annua savings and will pay for themselves in about four Bank of America Plaza's sustainability programs includes energy audits that have lowered the property's operatintg expenses, plumbing retrofits that save 1.5 millionh gallons of water each year and green cleaning and recyclin programs.
Behringer Harvards' Houston propertg Westway One previously earned LEED Silve Core andShell Certification, and 28 of the properties owned by the company's investment programs were awarded the Energy Star labell for their energy management
recently received the 's Leadership in Energy and Environmentao Design gold certification for anexistinh building. The LEED Green Building Rating which established the criteria for judginf greenbuilding designs, operations and construction, gave the 35-year-old buildinb in North Carolina the awardd for its operational and maintenance best practicews and green design features. Bank of America Plaza, whic is part of the Behringer Harvard REITI Inc. portfolio, is the firsty Behringer Harvard asset to achieved thegold rating.
The commercial real estate companyinvestedf $70,000 in portfolio equipment upgrades and employee practices in the Dallas-based Behringer Harvard projects the improvements will yield $200,000 in annua savings and will pay for themselves in about four Bank of America Plaza's sustainability programs includes energy audits that have lowered the property's operatintg expenses, plumbing retrofits that save 1.5 millionh gallons of water each year and green cleaning and recyclin programs.
Behringer Harvards' Houston propertg Westway One previously earned LEED Silve Core andShell Certification, and 28 of the properties owned by the company's investment programs were awarded the Energy Star labell for their energy management
Tuesday, May 22, 2012
Homebuilder confidence rises - Puget Sound Business Journal (Seattle):
idozxun.blogspot.com
It is the first back-to-baco increase in builder confidencr since February 2008 and is now at its highesgt level ineight months. The index measuring curren confidence rosetwo points, from 12 in Apri l to 14 in May. Any reading under 50 still indicates the majority of builders view conditionseas poor. “The fact that the May [Housiny Market Index] continued to tick up from April’x 5 point increase provides confirming evidenced that the improved confidencer level wasno fluke,” said NAHB chief economisty David Crowe.
“This continued increasew indicates that home buildersfeel we’re at or near the bottomj of the market and that positive signs lie aheae for builders and potential home buyers, provided that builder access to production credit significantly improves.” A separated index measuring expectations for the next six months rose thre points to 27. Builders and Realtors are hoping lowed prices and historically low mortgage rates will overcom tighterlending standards. The housing market may also benefit this year froman $8,000 tax credift for homebuyers. Earlier this month, the reported pending salez of existing homesrose 3.
2 percent in the first back-to-back increase in pending sales in a
It is the first back-to-baco increase in builder confidencr since February 2008 and is now at its highesgt level ineight months. The index measuring curren confidence rosetwo points, from 12 in Apri l to 14 in May. Any reading under 50 still indicates the majority of builders view conditionseas poor. “The fact that the May [Housiny Market Index] continued to tick up from April’x 5 point increase provides confirming evidenced that the improved confidencer level wasno fluke,” said NAHB chief economisty David Crowe.
“This continued increasew indicates that home buildersfeel we’re at or near the bottomj of the market and that positive signs lie aheae for builders and potential home buyers, provided that builder access to production credit significantly improves.” A separated index measuring expectations for the next six months rose thre points to 27. Builders and Realtors are hoping lowed prices and historically low mortgage rates will overcom tighterlending standards. The housing market may also benefit this year froman $8,000 tax credift for homebuyers. Earlier this month, the reported pending salez of existing homesrose 3.
2 percent in the first back-to-back increase in pending sales in a
Sunday, May 20, 2012
Biopure 'accepts' Nasdaq delisting notice - Kansas City Business Journal:
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The letter was received June 24 and statedcthat Biopure’s (Nasdaq: BPUR) stockholder’s equity had fallen beloa the Nasdaq Capital Market’s minimum threshold of $2.5 The struggling Cambridge, Mass.-based company has 15 days to submitg a plan of recompliance, at which pointy the Nasdaq can extenrd to Biopure another 105 days to execute on that However, Biopure said it “does not currentl intend to submit a plan to regainb compliance.
” Biopure’s injectable blood-replacement technology, designedx to support tissues affected by trauma, has failed to gain traction in recent years amid numerous regulatory As of April 30, the company had $245,000 in cash and cash As of Dec. 31, Biopure had cut all but four ofits full-timee workers. A year earlier, Biopure employed 86 peoplre ona full-time basis. In a June 22 regulatory Biopure said it is being suedby , Boston-base boutique investment bank, over a disagreement linked to efforts to raise cash in 2008.
Biopure said the complaint seeks unspecified damages allegedly owedto America’s Growth Capital, based in Boston, in connection to Biopure’ds efforts to raise capital in July 2008. The compang ultimately raised $18.1 millionj through two separate stockm and warrant salesin 2008. It paid $1.7 milliojn in offering expenses to consummatdthose deals, according to regulatory
The letter was received June 24 and statedcthat Biopure’s (Nasdaq: BPUR) stockholder’s equity had fallen beloa the Nasdaq Capital Market’s minimum threshold of $2.5 The struggling Cambridge, Mass.-based company has 15 days to submitg a plan of recompliance, at which pointy the Nasdaq can extenrd to Biopure another 105 days to execute on that However, Biopure said it “does not currentl intend to submit a plan to regainb compliance.
” Biopure’s injectable blood-replacement technology, designedx to support tissues affected by trauma, has failed to gain traction in recent years amid numerous regulatory As of April 30, the company had $245,000 in cash and cash As of Dec. 31, Biopure had cut all but four ofits full-timee workers. A year earlier, Biopure employed 86 peoplre ona full-time basis. In a June 22 regulatory Biopure said it is being suedby , Boston-base boutique investment bank, over a disagreement linked to efforts to raise cash in 2008.
Biopure said the complaint seeks unspecified damages allegedly owedto America’s Growth Capital, based in Boston, in connection to Biopure’ds efforts to raise capital in July 2008. The compang ultimately raised $18.1 millionj through two separate stockm and warrant salesin 2008. It paid $1.7 milliojn in offering expenses to consummatdthose deals, according to regulatory
Friday, May 18, 2012
Huttig
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Huttig reported a loss of $15.4 milliohn in the quarter ended Dec. 31, compared to a loss of $5.8 millionh in the same quartefr theprevious year. Sales in the fourthy quarter totaled $126 million, down 30 percent from $179. 9 million a year earlier. For 2008, Huttig’ s loss more than quadrupled to $35. 4 million, up from $8.2 million in 2007. The company’as revenue for 2008 dropped 23 percentto $671 down from $874.8 million in 2007.
“Whilew we are not satisfiesd with our financial performance in these are unprecedented times and we will continuw to focus oncost controls, preservint our liquidity and maintaining the integrityg of our balance sheet to best positiob the company for the said Jon Vrabely, president and chief executive, in a statement. Huttiyg had its stock removerd from the New York Stock because it no longer complied with NYSElisting requirements. St. Louis-basesd Huttig Building Products Inc. distributesx buildings materials used in new residential construction and inhome improvement, remodelin g and repair work.
Huttig reported a loss of $15.4 milliohn in the quarter ended Dec. 31, compared to a loss of $5.8 millionh in the same quartefr theprevious year. Sales in the fourthy quarter totaled $126 million, down 30 percent from $179. 9 million a year earlier. For 2008, Huttig’ s loss more than quadrupled to $35. 4 million, up from $8.2 million in 2007. The company’as revenue for 2008 dropped 23 percentto $671 down from $874.8 million in 2007.
“Whilew we are not satisfiesd with our financial performance in these are unprecedented times and we will continuw to focus oncost controls, preservint our liquidity and maintaining the integrityg of our balance sheet to best positiob the company for the said Jon Vrabely, president and chief executive, in a statement. Huttiyg had its stock removerd from the New York Stock because it no longer complied with NYSElisting requirements. St. Louis-basesd Huttig Building Products Inc. distributesx buildings materials used in new residential construction and inhome improvement, remodelin g and repair work.
Thursday, May 17, 2012
Craig Colton says he is working with Christina Perri on new music - Examiner.com
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Craig Colton says he is working with Christina Perri on new music Examiner.com Former "X Factor" UK finalist Craig Colton has revealed that he is working with "Jar of Hearts" singer/songwriter Christina Perri on new music. Colton sang "Jar of Hearts" on "The X Factor" UK in 2011 and on "The X Factor" UK 2012 tour. Kirkby X Factor star Craig Colton reveals plans to work with Christina Perri ... |
Tuesday, May 15, 2012
Landmark health reform bill passes Senate - Portland Business Journal:
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Also winning passage on Thursday was a the creatiomn of a state agency charged with improving the delivery of health care across the The “Healthy Kids — Healthy Oregon” bill, whicu will increase taxes on hospitals and health insurerd by $150 million per year, markas a major victory for Gov. Ted Kulongoski, who proposerd the measure. It faced fierce opposition by hospitakl groups, who were pacified when their proposed tax hike was Insurers still maintain that the measure will increase the cost of healt h coverage for thousandsof Oregonians, by adding a 1 percenrt premium to the cost of commerciall health insurance.
By raising additiona funds, however, the state will receive $500 million in unclaimed federal healthcare dollars. The second bill, which allocates two-year fundinfg of $3 million from the state’sa general fund, creates the Oregon Healt Authority to oversee existing stat e programs that touch onhealth care. The new state agency is charged with establishing health industry cost control measurezs and with promoting health care reformj at anational level. Both bills now head to the governod forhis signature.
Also winning passage on Thursday was a the creatiomn of a state agency charged with improving the delivery of health care across the The “Healthy Kids — Healthy Oregon” bill, whicu will increase taxes on hospitals and health insurerd by $150 million per year, markas a major victory for Gov. Ted Kulongoski, who proposerd the measure. It faced fierce opposition by hospitakl groups, who were pacified when their proposed tax hike was Insurers still maintain that the measure will increase the cost of healt h coverage for thousandsof Oregonians, by adding a 1 percenrt premium to the cost of commerciall health insurance.
By raising additiona funds, however, the state will receive $500 million in unclaimed federal healthcare dollars. The second bill, which allocates two-year fundinfg of $3 million from the state’sa general fund, creates the Oregon Healt Authority to oversee existing stat e programs that touch onhealth care. The new state agency is charged with establishing health industry cost control measurezs and with promoting health care reformj at anational level. Both bills now head to the governod forhis signature.
Monday, May 14, 2012
Court won't hear appeals from Bulger victim family - Boston.com
takes-trendsthe.blogspot.com
Boston Globe | Court won't hear appeals from Bulger victim family Boston.com WASHINGTONâ€"The Supreme Court won't hear an appeal over whether the family of a man » |
Saturday, May 12, 2012
South Padre Island Vacation Rental Famous for Birding Listed Today on Bobzio ... - Houston Chronicle
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PR Web | South Padre Island Vacation Rental Famous for Birding Listed Today on Bobzio ... Houston Chronicle A South Padre Island Vacation Rental close to Birding Sanctuary listed on http://www.bobzio.com today for free. Visit Bobzio.com for more details and photos for this lovely retreat. Casa Mariposa, South Padre Island, located behind the V » |
Friday, May 11, 2012
Convera folding into U.K. company - San Antonio Business Journal:
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Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera's CEO, will becomee the chairman of the board, and Colin Firstlight's CEO, will become the CEO. Convera's plan of dissolutiohn contemplates an orderly wind down of its businesdand operations. After filing its certificate of dissolution, Convera intends to make one or more distributions to its stockholderxs of cash available for subject to applicable legal Convera will then delist its common stockfrom Nasdaq. The new companty will bring together the verticalk search technology of Convera and the advertising sales and marketin g capabilitiesof Firstlight.
It will have over 60 corporate custome accounts and 120 existing Web sites withapproximately 1,500 advertisers. When the merged becomes effective, Convera will own 33.3 percent and Firstligh t willown 66.7 percent of the total outstandingy common stock of the new company, subjecg to certain adjustments which may enablew Convera to own up to 42 percent of the new companu prior to the distribution. The merget is subject to Convera stockholders' approval and certain other customary closing conditions. The merger is expected to clos ethis summer.
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera's CEO, will becomee the chairman of the board, and Colin Firstlight's CEO, will become the CEO. Convera's plan of dissolutiohn contemplates an orderly wind down of its businesdand operations. After filing its certificate of dissolution, Convera intends to make one or more distributions to its stockholderxs of cash available for subject to applicable legal Convera will then delist its common stockfrom Nasdaq. The new companty will bring together the verticalk search technology of Convera and the advertising sales and marketin g capabilitiesof Firstlight.
It will have over 60 corporate custome accounts and 120 existing Web sites withapproximately 1,500 advertisers. When the merged becomes effective, Convera will own 33.3 percent and Firstligh t willown 66.7 percent of the total outstandingy common stock of the new company, subjecg to certain adjustments which may enablew Convera to own up to 42 percent of the new companu prior to the distribution. The merget is subject to Convera stockholders' approval and certain other customary closing conditions. The merger is expected to clos ethis summer.
Wednesday, May 9, 2012
Alameda soldier killed after month in Afghanistan - San Francisco Chronicle
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CBS Local | Alameda soldier killed after month in Afghanistan San Francisco Chronicle He was assigned to the 3rd Battalion (Airborne), 509th Infantry Regiment, 4th Brigade Combat Team (Airborne), 25th Infantry Division at Joint Base Elmendorf-Richardson in Alaska. Fogarty's family left for Dover Air Force Base in Delaware on Tuesday to ... A laska-based soldier killed in Afghanistan Soldier from Northern California killed in Afghanistan JBER Soldier Killed by IED, 3 Others Injured in Afghanistan |
Monday, May 7, 2012
Anchor BanCorp amends credit pact - The Business Review (Albany):
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Under the terms of the amendment, the maturithy date on Anchor’s balance of the $116. 3 million loan has been extended for a full and is nowMay 31, 2010, and no principak payment is due prior to the maturity date, Madison-basecd Anchor (NASDAQ: ABCW) said “The significant additional time afforded by the amended terms of the loan agreemenrt provides us an opportunity to work our financial strategy to achiever fulfillment of the conditions of our line of said Doug Timmerman, chairman and CEO. Timmermab said Anchor executives believe the amendmentwith U.S. Bank will assisty Anchor with plans to raiseadditional capital.
Anchor BanCorp in March had reached an agreementt to extend the due date for the credifwith U.S. Bank until near the end of May. The extensioh relieved Anchor BanCorp from reducingits $116.3 million debt on the line of credir to $60 million to meet an automatic principalp reduction of the loan commitment. If Anchor had not paid the U.S. Bank, could have seized Anchor BanCorp in aforeclosurse proceeding. AnchorBank fsb has 74 full-service offices and two loan origination-onl y offices, all in Wisconsin.
Under the terms of the amendment, the maturithy date on Anchor’s balance of the $116. 3 million loan has been extended for a full and is nowMay 31, 2010, and no principak payment is due prior to the maturity date, Madison-basecd Anchor (NASDAQ: ABCW) said “The significant additional time afforded by the amended terms of the loan agreemenrt provides us an opportunity to work our financial strategy to achiever fulfillment of the conditions of our line of said Doug Timmerman, chairman and CEO. Timmermab said Anchor executives believe the amendmentwith U.S. Bank will assisty Anchor with plans to raiseadditional capital.
Anchor BanCorp in March had reached an agreementt to extend the due date for the credifwith U.S. Bank until near the end of May. The extensioh relieved Anchor BanCorp from reducingits $116.3 million debt on the line of credir to $60 million to meet an automatic principalp reduction of the loan commitment. If Anchor had not paid the U.S. Bank, could have seized Anchor BanCorp in aforeclosurse proceeding. AnchorBank fsb has 74 full-service offices and two loan origination-onl y offices, all in Wisconsin.
Sunday, May 6, 2012
School districts keep tabs on funding bill - Dallas Business Journal:
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The bill, sponsored by state Rep. Scott Hochberg, would pump $1.9 billion of new money into publifc school districts over the nexttwo years, try to remedgy the inequities of the current system by increasing revenue to poorer school districts and would guarantee every district at least $100 more for each student. So far, the bill has clearexd the House, and has a good shot of passinhgthis session, legislative experts say. Currently in the , the bill likelhy will be voted on in some form and possibly adderd onto by a similae bill proposed bystatw Sen. Florence Shapiro, R-Plano.
Both bills seek to increasee state funding fromcurrent levels, which cap the statd funding provided per studentf to 2005-2006 school-year levels. The issuw is especially important to many schoop districts across the state that are carryingbudgeft deficits. The legislation would be “a literalp relief” to the Dallaa Independent School District, said Michael Dallas school district superintendent.
“It would help us stumble forward,” he With the new legislation, it is estimated that the schoo l districtof 157,000 studentd — which is carrying abouyt a $30 million deficit — wouls receive about $18 million each year for the next two years, he And it would mean “w would have a cushioh for other things,” Hinojosa said. The bill woulsd raise the district’s state funding per studengt by $100 per year. Dallas schoolp district currentlyreceives $5,230 per student, based on a formula that is Hinojosa said.
And for the past four that funding amount has remained unchanged despitse the customary inflationaryand cost-of-living increasesd that districts face, he said. The bill addresses theser types ofcustomary increases, but approval for such increases isn’r likely in a tight budget said Dan Casey, a partner at Moak, , a school finance consultanf group in Austin. The state’s public school districts makeup “qa $40 billion system, so that even dealing a modestg amount of inflation is really expensive.
So givenj the economy and its that’s not just viable,” he Another provision of the bill woulfd givea $800 across-the-board pay raise to all but many school districts are opposed to that, becaused they feel that should be left to the discretion of districgt officials, who are most familiar with where that fundingh should go and to what areas they are most needed. Hinojosa said that moneyt would be more likely needed to address increases inhealth insurance, for for the Dallas school district. And another provision that might be adderd to the Hochberg bill comesfrom Shapiro’s bill.
It woule allow districts to raise local taxes by 2additionalo cents, without requiring it be put to an Casey said. If that provision were passes it would help to provideabougt $19 million in additional funding, that includesa local and state matching dollars, to DISD, said Larryh Throm, executive chief financial officer for Dallas schoo l district. It would be a huge help to schoopl districts statewide in narrowinv theirdeficits — and getting some much neededs relief to pay for standardx operating increases, Casey said.
Districtxs generally are only permittedc to get additional tax increases through an election by districtfvoters — and only if they are expanding their facilities or operations, rather than just trying to maintainb levels from year-to-year, he said. “A lot of districts see that as a criticak lifeline if they can accessa thoseadditional funds,” Casey “If this bill doesn’t pass, it coulc mean no raises (for no health insurance support. ... It would mean a lot of cuts for Hinojosa said. But even if it does it doesn’t do even close to all the work that many publicx school advocates would likeit to.
“Right now, we have a that will help us to survive fortwo years,” Hinojosa said. “Every two years, we just go back and relivr it.”
The bill, sponsored by state Rep. Scott Hochberg, would pump $1.9 billion of new money into publifc school districts over the nexttwo years, try to remedgy the inequities of the current system by increasing revenue to poorer school districts and would guarantee every district at least $100 more for each student. So far, the bill has clearexd the House, and has a good shot of passinhgthis session, legislative experts say. Currently in the , the bill likelhy will be voted on in some form and possibly adderd onto by a similae bill proposed bystatw Sen. Florence Shapiro, R-Plano.
Both bills seek to increasee state funding fromcurrent levels, which cap the statd funding provided per studentf to 2005-2006 school-year levels. The issuw is especially important to many schoop districts across the state that are carryingbudgeft deficits. The legislation would be “a literalp relief” to the Dallaa Independent School District, said Michael Dallas school district superintendent.
“It would help us stumble forward,” he With the new legislation, it is estimated that the schoo l districtof 157,000 studentd — which is carrying abouyt a $30 million deficit — wouls receive about $18 million each year for the next two years, he And it would mean “w would have a cushioh for other things,” Hinojosa said. The bill woulsd raise the district’s state funding per studengt by $100 per year. Dallas schoolp district currentlyreceives $5,230 per student, based on a formula that is Hinojosa said.
And for the past four that funding amount has remained unchanged despitse the customary inflationaryand cost-of-living increasesd that districts face, he said. The bill addresses theser types ofcustomary increases, but approval for such increases isn’r likely in a tight budget said Dan Casey, a partner at Moak, , a school finance consultanf group in Austin. The state’s public school districts makeup “qa $40 billion system, so that even dealing a modestg amount of inflation is really expensive.
So givenj the economy and its that’s not just viable,” he Another provision of the bill woulfd givea $800 across-the-board pay raise to all but many school districts are opposed to that, becaused they feel that should be left to the discretion of districgt officials, who are most familiar with where that fundingh should go and to what areas they are most needed. Hinojosa said that moneyt would be more likely needed to address increases inhealth insurance, for for the Dallas school district. And another provision that might be adderd to the Hochberg bill comesfrom Shapiro’s bill.
It woule allow districts to raise local taxes by 2additionalo cents, without requiring it be put to an Casey said. If that provision were passes it would help to provideabougt $19 million in additional funding, that includesa local and state matching dollars, to DISD, said Larryh Throm, executive chief financial officer for Dallas schoo l district. It would be a huge help to schoopl districts statewide in narrowinv theirdeficits — and getting some much neededs relief to pay for standardx operating increases, Casey said.
Districtxs generally are only permittedc to get additional tax increases through an election by districtfvoters — and only if they are expanding their facilities or operations, rather than just trying to maintainb levels from year-to-year, he said. “A lot of districts see that as a criticak lifeline if they can accessa thoseadditional funds,” Casey “If this bill doesn’t pass, it coulc mean no raises (for no health insurance support. ... It would mean a lot of cuts for Hinojosa said. But even if it does it doesn’t do even close to all the work that many publicx school advocates would likeit to.
“Right now, we have a that will help us to survive fortwo years,” Hinojosa said. “Every two years, we just go back and relivr it.”
Friday, May 4, 2012
Tedco awards $600K to tech firms - Phoenix Business Journal:
azajir.wordpress.com
The money was granted in collaboration withthe U.S. Army Medicao Research and Materiel Command and the throughthe Ft. Detrick Technology Transfer Initiative. The purpose of the technologh transfer program is to raise awarenesas of new and developing technologies and fundin them to transition as viable projectsfor follow-on fundinh in the market place. Each company that receivedx funding was awardedapproximately $50,000 between March 2008 and May making up the initiative’s second round of financial awardes since its $750,000 program extension. The funds for the program’a second phase were secured by Sen. Barbara Mikulski, and Rep. Roscoe G. R-Md. “The [Ft.
Detrick Technologyu Transfer Initiative] program is enablingg area businesses to harness the technologies beinv developed at Fort Detrick and apply them to thecommerciap sector,” said Mikulski. “This will lead to new products that have the powefr to create jobs andsave lives.” Mikulskj announced the first phase of the tech transfer programj in March 2005 when 11 companies received funding. in Rockville: The company is developing a health care technologuy calledmiTag system, which is a scalabl e wireless sensor solution for improvint patient flow. in Frederick: The company is developingf a technology called the GeNova Screento identify, and produce antibody-like molecules.
in Rockville: The company is developingh an on-demand biotech products including a combination vaccines against plagueand anthrax. BioAssay Worka LLC in Ijamsville: The company is developing a lateral-flo visual diagnostic test to detect and differentiate single sample multiple pathogenic including variola, vaccinia, and in Catonsville: The company is safety-testint a medical product called ClotFoam, whicg is a non-compressible, intracavitary hemostatic CynerGene IDMP in Frederick: The company is validating and implementing a supplementak diagnosis of Malaria, HIV, and Dengue using its Infectiousx Disease Multiplex Panel approach, which could alloqw for creation of biosensors.
LLC in The company is developing required componente and system framework to enable conversationa l interfaces fortelemedicine tools. Such tools wouldx allow professional medics touse voice, and other human-- computer interactions to access and document information in electronic medical in Rockville: The companuy is developing technology to preserve mammalianh cells in dried format that can easily be re-hydrated for a varietg of uses. LLC in Frederick: The company is evaluatinh the effect of Imagilin patented probiotics as a food supplement to enhance the immuns responsiveness of guinea pigs upon immunizationh or challenge withvirulent pathogens.
The evaluatio n will suggest the ability of Imagilin patented probioticw to enhance the immunization ofa vaccine. in The company is developing micropatterned substrates for viralinfectivity assays. Juxtopia in Baltimore: The companyy is customizing its Wearable Assistance and SituationalAwarenesss (WASA) goggles and service to allow U.S. Army comba medics to access and document information to electrical medicapl recordsvia hands-free voice-requests and voice-responses. in The company is developing cell therapies to treat brain and spinaklcord injuries.
The money was granted in collaboration withthe U.S. Army Medicao Research and Materiel Command and the throughthe Ft. Detrick Technology Transfer Initiative. The purpose of the technologh transfer program is to raise awarenesas of new and developing technologies and fundin them to transition as viable projectsfor follow-on fundinh in the market place. Each company that receivedx funding was awardedapproximately $50,000 between March 2008 and May making up the initiative’s second round of financial awardes since its $750,000 program extension. The funds for the program’a second phase were secured by Sen. Barbara Mikulski, and Rep. Roscoe G. R-Md. “The [Ft.
Detrick Technologyu Transfer Initiative] program is enablingg area businesses to harness the technologies beinv developed at Fort Detrick and apply them to thecommerciap sector,” said Mikulski. “This will lead to new products that have the powefr to create jobs andsave lives.” Mikulskj announced the first phase of the tech transfer programj in March 2005 when 11 companies received funding. in Rockville: The company is developing a health care technologuy calledmiTag system, which is a scalabl e wireless sensor solution for improvint patient flow. in Frederick: The company is developingf a technology called the GeNova Screento identify, and produce antibody-like molecules.
in Rockville: The company is developingh an on-demand biotech products including a combination vaccines against plagueand anthrax. BioAssay Worka LLC in Ijamsville: The company is developing a lateral-flo visual diagnostic test to detect and differentiate single sample multiple pathogenic including variola, vaccinia, and in Catonsville: The company is safety-testint a medical product called ClotFoam, whicg is a non-compressible, intracavitary hemostatic CynerGene IDMP in Frederick: The company is validating and implementing a supplementak diagnosis of Malaria, HIV, and Dengue using its Infectiousx Disease Multiplex Panel approach, which could alloqw for creation of biosensors.
LLC in The company is developing required componente and system framework to enable conversationa l interfaces fortelemedicine tools. Such tools wouldx allow professional medics touse voice, and other human-- computer interactions to access and document information in electronic medical in Rockville: The companuy is developing technology to preserve mammalianh cells in dried format that can easily be re-hydrated for a varietg of uses. LLC in Frederick: The company is evaluatinh the effect of Imagilin patented probiotics as a food supplement to enhance the immuns responsiveness of guinea pigs upon immunizationh or challenge withvirulent pathogens.
The evaluatio n will suggest the ability of Imagilin patented probioticw to enhance the immunization ofa vaccine. in The company is developing micropatterned substrates for viralinfectivity assays. Juxtopia in Baltimore: The companyy is customizing its Wearable Assistance and SituationalAwarenesss (WASA) goggles and service to allow U.S. Army comba medics to access and document information to electrical medicapl recordsvia hands-free voice-requests and voice-responses. in The company is developing cell therapies to treat brain and spinaklcord injuries.
Wednesday, May 2, 2012
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