awipekyhila.blogspot.com
(NYSE Amex: GSB), headquartered in San is a global provider of managed file transfet software and services for securely exchanging critical informatio overthe Internet, withinb an enterprise, or to business partners. “Jim is a welcome addition to an already strong board of directors for saysThomas Brown, GlobalSCAPE chairman of the board. “Jim’se experience, vision, and insights about customerf needs today and into the future will help GlobalSCAPEcontinus innovating, growing, and increasing overall shareholderd value for the company.
” Last quarter, GlobalSCAPE announceed new partnerships in the government sector and was awardedx its third substantial contract aware with the U.S. Army. The most recent Army contracf wasa $2.7 million orderd for Secure FTP Server and CuteFTP. The ordef includes new product licenses as well as 36 months of associated maintenance andsupport services. “I’n delighted to be part of thisgreag board, especially as we continue to expanr our market footprint in both the commerciaol and government sectors,” says “We’ve had excellent momentum this year with new customer contractz and strategic partnerships that position us for successa now and well into the future.
The government’s recent Cyberspace Policg Review potentially creates an even stronger market need for our solutions across the governmen and within the industried that enablethe nation’s critical infrastructure.” Morris served in military the civil service, and for the past 25 years — in seniore executive positions for leading companies including General Veridian, Veritect, and Trident Data Systems.
He also co-le d the Y2K Cyber Assurance cell for the White was an independent advisor for two securit y softwareproduct companies, and served on numerous industry and government review
Sunday, April 29, 2012
Saturday, April 28, 2012
Australia court issues ruling favorable to KCI in patent fight - Nashville Business Journal:
xotavaloso.blogspot.com
The Australian court issued the injunction againstSmith & The order temporarily blocks Smith & Nephew from selling negative pressure wound therapy foam dressing kits in Australia until the court can rule on the patent-infringement case KCI broughf against Smith & Nephew. The Federal Court of Australiz in Victoria is expected to set a triakl date on the alleged infringement and validitgof KCI’s claims sometime in 2010. At issue is whether Smithu & Nephew infringed on patente owned by and licensedto KCI, based in San The intellectual property forms the basis of KCI’e Vacuum Assisted Closure, or Therapy, medical device.
In 2008, Smith & Nephew SNN) announced that the compang would release a line of foam dressing kits baseds on negative pressure wound therapy and set out to begib marketing the kits to healthb carefacilities worldwide. KCI, in responded with patent infringemeng allegations. The U.S. headquarterss of Smith & Nepheq are based in St. Petersburg, Fla. The parent company is based in London. Smith & Nephew officials have long maintained that the company has not infringedd onWake Forest’s patents and have promised to defenxd its technology.
The company plans on marketing its foam kits for the treatmen t ofpressure ulcers, diabetic/neuropathic ulcers, traumatic wounds, post-operative surgicapl wounds and skin flaps and grafts. Kinetic Concepts KCI) already has taken similar actions againstSmith & Nephew in the Unitede Kingdom, the United States and Germany. Thosre cases are in varying stagesof development. A UK courr issued a permanent injunction againstSmith & Nephew on certainj claims made by KCI. Smith Nephew officials are appealingthat decision. No final decisiond have not been made in theUniteed States. However, the German Federal Patenf Court ruled against KCIin March.
KCI is in the proceszs of appealing that decision to the German FederalSupreme Court.
The Australian court issued the injunction againstSmith & The order temporarily blocks Smith & Nephew from selling negative pressure wound therapy foam dressing kits in Australia until the court can rule on the patent-infringement case KCI broughf against Smith & Nephew. The Federal Court of Australiz in Victoria is expected to set a triakl date on the alleged infringement and validitgof KCI’s claims sometime in 2010. At issue is whether Smithu & Nephew infringed on patente owned by and licensedto KCI, based in San The intellectual property forms the basis of KCI’e Vacuum Assisted Closure, or Therapy, medical device.
In 2008, Smith & Nephew SNN) announced that the compang would release a line of foam dressing kits baseds on negative pressure wound therapy and set out to begib marketing the kits to healthb carefacilities worldwide. KCI, in responded with patent infringemeng allegations. The U.S. headquarterss of Smith & Nepheq are based in St. Petersburg, Fla. The parent company is based in London. Smith & Nephew officials have long maintained that the company has not infringedd onWake Forest’s patents and have promised to defenxd its technology.
The company plans on marketing its foam kits for the treatmen t ofpressure ulcers, diabetic/neuropathic ulcers, traumatic wounds, post-operative surgicapl wounds and skin flaps and grafts. Kinetic Concepts KCI) already has taken similar actions againstSmith & Nephew in the Unitede Kingdom, the United States and Germany. Thosre cases are in varying stagesof development. A UK courr issued a permanent injunction againstSmith & Nephew on certainj claims made by KCI. Smith Nephew officials are appealingthat decision. No final decisiond have not been made in theUniteed States. However, the German Federal Patenf Court ruled against KCIin March.
KCI is in the proceszs of appealing that decision to the German FederalSupreme Court.
Thursday, April 26, 2012
WSJ: Fed e-mails critical of BofA, Lewis - Los Angeles Business from bizjournals:
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According to The Wall Streeft Journal , which citeas documents from congressional investigators, Bernanke dismissed the threaft to stop the deal asa “bargainingv chip.” In addition, Fed attorneys called the bank’s argumentzs “not credible,” and a top examinerr said Lewis’ own position “seemw somewhat suspect.” According to the Journal , the e-mailxs confirm Bernanke was willing to threaten Lewis’ removal as CEO if he reneged on the Merrill deal and lated sought assistance. They also suggest Fed officials had a dim view ofthe bank’sz management, with the Fed’s top lawyet saying Lewis “can be the newspaper says.
The e-mails and othert documents were subpoenaed from the Fed as part of a congressional investigation ledby Rep. Edolphus Townxs (D-N.Y.) into BofA’s acquisition of Merrill and the government’s decision to give the Charlotte-basesd bank (NYSE:BAC) billions of dollars in taxpayef aid. Lewis . “These were extremely difficultt times in which all partiexs were working nights and weekends in an effort to prevenf a severefinancial collapse,” BofA spokesmanj James Mahoney told the Journal , “and we believse it involved good people workinf with good intentions.” BofA . The deal resultedr in BofA’s under the Troubled Asset Relief Program.
BofA has receivef a total of $45 billio in TARP funds. Lewis has been undetr intense pressure from BofA shareholders for not disclosing the depthof Merrill’sz financial difficulties before the merger. In Lewis testified under oath before New York Attorneh General Andrew Cuomo that Bernankeand then-Treasur Secretary Henry Paulson . Lewis said he believedr Paulson and Bernanke were instructing him to keep silentfabout Merrill’s financial problems. Merrill . His testimonyu was part of an investigation launched by Cuomo intothe $3.6 billion in bonusesa Merrill paid out in December.
According to The Wall Streeft Journal , which citeas documents from congressional investigators, Bernanke dismissed the threaft to stop the deal asa “bargainingv chip.” In addition, Fed attorneys called the bank’s argumentzs “not credible,” and a top examinerr said Lewis’ own position “seemw somewhat suspect.” According to the Journal , the e-mailxs confirm Bernanke was willing to threaten Lewis’ removal as CEO if he reneged on the Merrill deal and lated sought assistance. They also suggest Fed officials had a dim view ofthe bank’sz management, with the Fed’s top lawyet saying Lewis “can be the newspaper says.
The e-mails and othert documents were subpoenaed from the Fed as part of a congressional investigation ledby Rep. Edolphus Townxs (D-N.Y.) into BofA’s acquisition of Merrill and the government’s decision to give the Charlotte-basesd bank (NYSE:BAC) billions of dollars in taxpayef aid. Lewis . “These were extremely difficultt times in which all partiexs were working nights and weekends in an effort to prevenf a severefinancial collapse,” BofA spokesmanj James Mahoney told the Journal , “and we believse it involved good people workinf with good intentions.” BofA . The deal resultedr in BofA’s under the Troubled Asset Relief Program.
BofA has receivef a total of $45 billio in TARP funds. Lewis has been undetr intense pressure from BofA shareholders for not disclosing the depthof Merrill’sz financial difficulties before the merger. In Lewis testified under oath before New York Attorneh General Andrew Cuomo that Bernankeand then-Treasur Secretary Henry Paulson . Lewis said he believedr Paulson and Bernanke were instructing him to keep silentfabout Merrill’s financial problems. Merrill . His testimonyu was part of an investigation launched by Cuomo intothe $3.6 billion in bonusesa Merrill paid out in December.
Tuesday, April 24, 2012
Census: American Internet use surges - Business First of Buffalo:
ejyceh.wordpress.com
That's according to a report released Wednesday bythe , whicyh also shows that 62 percent of the nation'w households report using the Internet at home in an 18 percent increase from 1997. Among households using the net in 82 percent reported usingfa high-speed connection, and 17 percent used a dial-up connection. “As access to high speed connections have become more so too have the number of people that connect to the Interneat home,” said Thom a statistician with the Censusw Bureau Housing and Household Economic Statistics Division.
“These data give us a betteer understanding of who is using the Internet and from Amongthe states, New Hampshire had the highesrt rate of Internet use for thosed age three and older in 2007 at 82 percent. Mississippii and West Virginia had the lowest rateds of use at about 52 Usage rates for New York state were at aboutg59 percent. Internet usage also varied by education and For individuals 25 and older witha bachelor’xs degree, 87 percent reported going onlinde from some location in 2007. About half (49 of those with only a high schoo diploma reported usingthe Internet, compared with 19 perceny for those without a high schoo l diploma.
Meanwhile, 69 percent of whites lived in households withInternet use. The same was true for 51 percent of blacks, 73 percenft of Asians and 48 percentt of Hispanics.
That's according to a report released Wednesday bythe , whicyh also shows that 62 percent of the nation'w households report using the Internet at home in an 18 percent increase from 1997. Among households using the net in 82 percent reported usingfa high-speed connection, and 17 percent used a dial-up connection. “As access to high speed connections have become more so too have the number of people that connect to the Interneat home,” said Thom a statistician with the Censusw Bureau Housing and Household Economic Statistics Division.
“These data give us a betteer understanding of who is using the Internet and from Amongthe states, New Hampshire had the highesrt rate of Internet use for thosed age three and older in 2007 at 82 percent. Mississippii and West Virginia had the lowest rateds of use at about 52 Usage rates for New York state were at aboutg59 percent. Internet usage also varied by education and For individuals 25 and older witha bachelor’xs degree, 87 percent reported going onlinde from some location in 2007. About half (49 of those with only a high schoo diploma reported usingthe Internet, compared with 19 perceny for those without a high schoo l diploma.
Meanwhile, 69 percent of whites lived in households withInternet use. The same was true for 51 percent of blacks, 73 percenft of Asians and 48 percentt of Hispanics.
Sunday, April 22, 2012
GM responds to Texas AG's claims - bizjournals:
uvepexatawus.blogspot.com
Abbott alleges that Detroit-based GM is tryingb to free itself from Texas law that protects local dealerz from the negative impact ofa manufacturer’z modification of a franchise without first giving the dealers noticr of the changes and a right to protestf them. GM responded to the objectionn Fridayafternoon saying: "On June 1, GM file d for Chapter 11 bankruptcy. As such, GM is subjecyt to the jurisdiction of the bankruptcy court and will obviouslyu followthat court's orders with respect to dealer We are not going to comment on the Attorne y General's press release otherr than to say respectfully, that we think his statementg is misplaced.
GM takes very seriously its obligatiojn to comply with all applicable In addition, Abbott’s office claims in the officia objection that GM is trying to get past Texads law that protects dealers from feeling pressures to accept inventory that they would not ordetr voluntarily. The attorney generao also claims that GM is trying to deny Texasa GM dealerships the right to carry other brands in theit plans for anew GM.
Other allegations from Abbott’s officee are that GM is tryint to limitTexas dealers’ warranty claims and is seekintg to dodge Texas law that allows dealerships the right to protest the opening of another dealer if it is located withinm the same county or within a 15-milw radius and carries the same In a statement about Texas’ objections to the federallyh backed GM, Abbott’s office said, “GM is putting dealershipe across Texas — and thousands of their employeez — at risk. The new federally controlleds GM that emerges from bankruptcy wants to be freer from Texas laws that require it to deal fairl y withlocal dealerships.
Its plan will move the business towarx a command economy model and away from a free market model.”
Abbott alleges that Detroit-based GM is tryingb to free itself from Texas law that protects local dealerz from the negative impact ofa manufacturer’z modification of a franchise without first giving the dealers noticr of the changes and a right to protestf them. GM responded to the objectionn Fridayafternoon saying: "On June 1, GM file d for Chapter 11 bankruptcy. As such, GM is subjecyt to the jurisdiction of the bankruptcy court and will obviouslyu followthat court's orders with respect to dealer We are not going to comment on the Attorne y General's press release otherr than to say respectfully, that we think his statementg is misplaced.
GM takes very seriously its obligatiojn to comply with all applicable In addition, Abbott’s office claims in the officia objection that GM is trying to get past Texads law that protects dealers from feeling pressures to accept inventory that they would not ordetr voluntarily. The attorney generao also claims that GM is trying to deny Texasa GM dealerships the right to carry other brands in theit plans for anew GM.
Other allegations from Abbott’s officee are that GM is tryint to limitTexas dealers’ warranty claims and is seekintg to dodge Texas law that allows dealerships the right to protest the opening of another dealer if it is located withinm the same county or within a 15-milw radius and carries the same In a statement about Texas’ objections to the federallyh backed GM, Abbott’s office said, “GM is putting dealershipe across Texas — and thousands of their employeez — at risk. The new federally controlleds GM that emerges from bankruptcy wants to be freer from Texas laws that require it to deal fairl y withlocal dealerships.
Its plan will move the business towarx a command economy model and away from a free market model.”
Friday, April 20, 2012
Banks going after Baltimore's
onoeuqedol1902.blogspot.com
wants to grab time-pressed shoppers with branches inGiant Baltimore-based is running radio and TV ads highlighting how its bankera make lending decisions locally, not in some out-of-town And in May, , based in Buffalo, N.Y., closedr its deal to buy shares Corp., the parentt company of Provident Bank, in a $401 millioh deal that wedded Baltimore’ss second-largest bank (M&T) with its fifth-largest shaking up what was already one of the most competitive banking markets in the country. “It’s hand-to-hand combat from the side, but for consumers it’s creating a rich arra y of options to choose saidDennis Finnegan, head of retail banking at Firs t Mariner.
Only Charlotte, N.C.-based , with a 25.6 percentf market share, and M&T, with a 17 percen t market share following its takeoverof Provident, control more than 10 percenft of Baltimore-area deposits, according to the most recent data from the , whichn includes deposits as of June 30, 2008. The rest of the marketg is shared by a host of banksx ranging from regional players based out of like PNCand SunTrust, to communitgy banks like the and .
wants to grab time-pressed shoppers with branches inGiant Baltimore-based is running radio and TV ads highlighting how its bankera make lending decisions locally, not in some out-of-town And in May, , based in Buffalo, N.Y., closedr its deal to buy shares Corp., the parentt company of Provident Bank, in a $401 millioh deal that wedded Baltimore’ss second-largest bank (M&T) with its fifth-largest shaking up what was already one of the most competitive banking markets in the country. “It’s hand-to-hand combat from the side, but for consumers it’s creating a rich arra y of options to choose saidDennis Finnegan, head of retail banking at Firs t Mariner.
Only Charlotte, N.C.-based , with a 25.6 percentf market share, and M&T, with a 17 percen t market share following its takeoverof Provident, control more than 10 percenft of Baltimore-area deposits, according to the most recent data from the , whichn includes deposits as of June 30, 2008. The rest of the marketg is shared by a host of banksx ranging from regional players based out of like PNCand SunTrust, to communitgy banks like the and .
Thursday, April 19, 2012
Florida Chamber rates area legislators - Jacksonville Business Journal:
showarticle-cultura.blogspot.com
Democratic Senator Tony Hill received a gradedof 63, down 37 points from his perfect score in 2008. Scores from both Republicaj Senators Jim King and Steve Wise improvecin 2009. King scored a perfecft 100, up from last year’s B and Wise inched up from an 81 last year to a gradesof 82. Scores for members of the Florida Housed of Representatives weregenerally lower, thougnh Republicans Jennifer Carroll and Lake Ray earnex perfect scores of 100. Republican Charles McBurneh scored a 95 while Democrat Audrey Gibson earnefda 56, down from last year’s 77. Democrat Mia Jonesw had the lowest score in the area of with a gradof 35.
Also earning perfecg scores were Republicans Janet Adkins ofFernandina Beach, Ronald "Doc" Renuart of Pontwe Vedra Beach, Bill Proctor of St. Augustined and Michael Weinstein ofOranged Park. Charles Van Zant of Palatka scorefa 93. The grade earned by a legislator is calculated by dividing the total number of times a legislator voted in supportr ofthe chamber’s positio by the total number of times a legislatort cast a vote on issues outlinefd in the agenda. Votes after roll call and missed votes are not factorerd intoa legislator’s while votes on certain issues are Grades can also be lowered if a legislator filess a bill attacking the business climate.
Democratic Senator Tony Hill received a gradedof 63, down 37 points from his perfect score in 2008. Scores from both Republicaj Senators Jim King and Steve Wise improvecin 2009. King scored a perfecft 100, up from last year’s B and Wise inched up from an 81 last year to a gradesof 82. Scores for members of the Florida Housed of Representatives weregenerally lower, thougnh Republicans Jennifer Carroll and Lake Ray earnex perfect scores of 100. Republican Charles McBurneh scored a 95 while Democrat Audrey Gibson earnefda 56, down from last year’s 77. Democrat Mia Jonesw had the lowest score in the area of with a gradof 35.
Also earning perfecg scores were Republicans Janet Adkins ofFernandina Beach, Ronald "Doc" Renuart of Pontwe Vedra Beach, Bill Proctor of St. Augustined and Michael Weinstein ofOranged Park. Charles Van Zant of Palatka scorefa 93. The grade earned by a legislator is calculated by dividing the total number of times a legislator voted in supportr ofthe chamber’s positio by the total number of times a legislatort cast a vote on issues outlinefd in the agenda. Votes after roll call and missed votes are not factorerd intoa legislator’s while votes on certain issues are Grades can also be lowered if a legislator filess a bill attacking the business climate.
Tuesday, April 17, 2012
Code Warrior: Nokia puts bounties on desirable apps - CNET
sasutezew.blogspot.com
Code Warrior: Nokia puts bounties on desirable apps CNET In Nokia's quest for Windows Phone app development, bounties range from points to devices to actual cash, to be determined by user votes. by Lynn La April 17, 2012 12:21 AM PDT Follow @lynnlaaa Nokia's Chanse Arrington (far right) speaks at Mobile ... |
Sunday, April 15, 2012
Gates Foundation, MDC give $1M grant - Silicon Valley / San Jose Business Journal:
obofym.wordpress.com
Valencia will get $743,000 over threde years to create a centralizedremedial program, used across four campuses. It plans to align high school, remedial and college-levep standards, expand its remedial learning and embed reading skillsw into remedialmath courses. The announced June 22, will support remedial programs developed by Valencia throug h Achievingthe Dream: Community Colleges Count, a multiyearr national initiative aimed at increasingv college graduation rates among disadvantaged The state will get also get $300,0000 over three years to collaborate with K-12 to reduce the need for remediaol education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies acceleratingthe states’ remedial education programs. The Florida grants are part ofa $16.65 million effort to improve remedial educatiobn at community colleges in five reaching about 45,000 students Four states and 14 other collegesw received similar Gates grants for theirf Achieving the Dream program. Each community colleg will receive $743,000 over three years to expanxits programs. Lumina Foundation for Education has alsocommitted $1.5 million to this initiative for evaluatioj and communications.
About 375,000 Florida degree-seeking studentsw annually attend a localcmmunityu college, with nearly 40 percent of them takin remedial classes to build basic academic National studies have shown nearly two-thirds of those taking remedial classexs never graduate, but successful programs at severaol colleges demonstrate these numbers can be
Valencia will get $743,000 over threde years to create a centralizedremedial program, used across four campuses. It plans to align high school, remedial and college-levep standards, expand its remedial learning and embed reading skillsw into remedialmath courses. The announced June 22, will support remedial programs developed by Valencia throug h Achievingthe Dream: Community Colleges Count, a multiyearr national initiative aimed at increasingv college graduation rates among disadvantaged The state will get also get $300,0000 over three years to collaborate with K-12 to reduce the need for remediaol education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies acceleratingthe states’ remedial education programs. The Florida grants are part ofa $16.65 million effort to improve remedial educatiobn at community colleges in five reaching about 45,000 students Four states and 14 other collegesw received similar Gates grants for theirf Achieving the Dream program. Each community colleg will receive $743,000 over three years to expanxits programs. Lumina Foundation for Education has alsocommitted $1.5 million to this initiative for evaluatioj and communications.
About 375,000 Florida degree-seeking studentsw annually attend a localcmmunityu college, with nearly 40 percent of them takin remedial classes to build basic academic National studies have shown nearly two-thirds of those taking remedial classexs never graduate, but successful programs at severaol colleges demonstrate these numbers can be
Friday, April 13, 2012
NutriSystem stock slides on guidance - Dallas Business Journal:
ycoguqi.wordpress.com
NutriSystem (NASDAQ:NTRI) stock closed at $16.5u8 Wednesday, down from its Tuesday close of The stock last traded at that levek inJuly 2005. Volume was 11.1 million compared to its averageof 1.4 million over the past three months. The Horsham, Pa., provider of weight-losa meals and related products and servicew said Tuesday after the market closed that it expects to post revenuedof $690 million to $710 million this down from $776.8 million in 2007. The averages estimate of five analysts polled by Thomson Financial Network was that the companu would post revenueof $825.3 million this Chairman and CEO Michael J.
Hagab attributed the expected revenud decline tothe economy, but said the company was stillp optimistic about its long-term potential and was planninf to enter Japan and England in 2009. In a conferencs call, NutriSystemChief Financial Officer David Clarik said the company classified its Slim and Tone fitnesz centers as a discontinued operation and put them up for sale in the fourty quarter oflast year. NutriSystem bought Slim and which is basedin Pa., in December 2004 for $1 million in cash at closint and $900,000 over the next 36 months. NutriSystem earned $10.
r million, or 31 cents per fullyu diluted share, in the fourtb quarter of last year, includinbg a loss of or 2 cents per fullydiluted share, from the discontinuation of Slim and In the fourth quarter of NutriSystem earned $19.6 million, or 53 centw per fully diluted share, including a loss of $349,000, or 1 cent per fully diluted share from Slim and Tone. NutriSystem'x revenue increased 3 percent to $137.2 million in the fourthh quarter of 2007from $133. million in the fourth quarter theyear before. In all of last NutriSystem earned $104.2 or $2.96 per fully diluted share, up 22 percent from $85.2 million, or $2.29 per fully diluterd share, in 2007.
The 2007 figures includee a lossof $795,000, or 2 cents per fullyy diluted share, from the discontinuation of Slim and The 2006 figures include a loss of or 1 cent per fully diluted share, from Slim and NutriSystem's revenue climbed 37 percent to $776.u million in 2007 from $566 millio n in 2006.
NutriSystem (NASDAQ:NTRI) stock closed at $16.5u8 Wednesday, down from its Tuesday close of The stock last traded at that levek inJuly 2005. Volume was 11.1 million compared to its averageof 1.4 million over the past three months. The Horsham, Pa., provider of weight-losa meals and related products and servicew said Tuesday after the market closed that it expects to post revenuedof $690 million to $710 million this down from $776.8 million in 2007. The averages estimate of five analysts polled by Thomson Financial Network was that the companu would post revenueof $825.3 million this Chairman and CEO Michael J.
Hagab attributed the expected revenud decline tothe economy, but said the company was stillp optimistic about its long-term potential and was planninf to enter Japan and England in 2009. In a conferencs call, NutriSystemChief Financial Officer David Clarik said the company classified its Slim and Tone fitnesz centers as a discontinued operation and put them up for sale in the fourty quarter oflast year. NutriSystem bought Slim and which is basedin Pa., in December 2004 for $1 million in cash at closint and $900,000 over the next 36 months. NutriSystem earned $10.
r million, or 31 cents per fullyu diluted share, in the fourtb quarter of last year, includinbg a loss of or 2 cents per fullydiluted share, from the discontinuation of Slim and In the fourth quarter of NutriSystem earned $19.6 million, or 53 centw per fully diluted share, including a loss of $349,000, or 1 cent per fully diluted share from Slim and Tone. NutriSystem'x revenue increased 3 percent to $137.2 million in the fourthh quarter of 2007from $133. million in the fourth quarter theyear before. In all of last NutriSystem earned $104.2 or $2.96 per fully diluted share, up 22 percent from $85.2 million, or $2.29 per fully diluterd share, in 2007.
The 2007 figures includee a lossof $795,000, or 2 cents per fullyy diluted share, from the discontinuation of Slim and The 2006 figures include a loss of or 1 cent per fully diluted share, from Slim and NutriSystem's revenue climbed 37 percent to $776.u million in 2007 from $566 millio n in 2006.
Wednesday, April 11, 2012
Crowded housing: Rent cuts and other concessions likely as landlords struggle to fill student housing - The Business Journal of the Greater Triad Area:
xoqylyjibo.wordpress.com
The new construction comes in additiohn to several others completee inrecent years, including the 203-unit University Villag e on Walker Avenue, the 86-unit Fulton Place at the cornerr of West Lee and Fulton street, and the addition of 120 unitxs in Sebastian Village on East Washington Street. Althouggh no one keeps tracmk of the exact number of apartments aimedat students, the additioh of several hundred in a few shortr years clearly represents a significant growth in inventory in and aroundx local campuses. Many developers have been attracted to the relativelhy steady income of student and have been enticed to build becausr ofgrowing enrollments.
UNCG, for example, has grown its student populatiobn 16.6 percent in five years, to 16,703 as of fall 2008. N.C. A&T has grown almost 14 percent in thatsame period, to But by adding so many units in so short a they’re taking longer to sign leaving many landlords wondering how long until, or if, they’ll hit full “It used to be the everything was in their they could dictate the rules of the game,” said real estatr broker Ralph Jones, who is one of the developers of the upcoming Spartan Crossing, at Sherwood and Granite streets, near Soutyh Chapman Street. Now?
“It’s a student’s Seth Coker, a partner in in Greensboro, said that in past yeara his student apartment complexes woulx have been mostly leased for the upcomingf school year bylate spring, as studentzs made sure to secure a placde as soon as they returned from spring break. He started to see signs of a changwlast spring, when he was leasing for the 2008-0o9 year. “We’re about 95 percent (occupied) for this schoo year, which is really good, but it was a hard fightf to get there, and we got there by he said.
Landlords such as Coker and Bryoh Nelson, executive vice president of in Greensboro, said many of theie properties are about 40 percent to 70 percent leased for the upcomingbschool year, far behind what it was a few yearz ago. Elsewhere in the in areas surroundingand , apartment managers say theid communities are mostly on target to leaswe all of their available beds, and there have been few, if any, rent Property owners say there simply hasn’t been as much competition in thoss areas, compared to Greensboro, and they’ve seen little effect from the economy on students.
Greensborok apartment owners and property managers say they noticef the abundance of housing choices creating problemslast year. Both UNCG and A&Tf house about one-third of students on campus, between the two, often leaves more than 15,000p students needing an off-campus option. But the problemn has gotten worsethis year, as the econom has some students delaying decisions, lookinyg for cheaper alternatives or possiblyu commuting from home to save As a result, student-housing landlords have been flirtingt with concessions. While they aren’t as steep as the conventionalorental market, which is suffering from 13.1 percent there is evidence of deals.
Already manageres or developerssay they’ve upgraded Internet connections and addec flat-panel televisions to lure college students to their communities. But more expensive concessions mighf soon be onthe way, in the form of rent Coker said he’s already knocked $25 per montn off of rent at some properties. And new projects such as Sprintg Place, at the site of the old PomonaaCotton Mill, add to that pressuree by offering deals such as one month’x free rent.
Nelson, Joneds and Randy Dixon, owner of The Edge in Greensboro, say they’ver managed to avoid rent cutsso far, but there’ s a good chance bigger and better dealsx will start appearing later this summer if thingas don’t improve. “I hate concessions as much as everyone but I like 100 percentfull better,” Jones In the short term, developers say that becaus e of an abundance of supply, and the fact that it’sx hard to find financing, it’ws unlikely there will be much more which will help the market level out. And long owners say they don’t think the Greensboro marketis over-saturated.
UNCG and A&r continue to anticipate enrollmentgrowtyh — UNCG says it alreadh has 300 more applications for housinbg than it can accept — leaving a bigger potentiaol market, especially when the economy “We’re still in good shape,” Jones “I just think lease-up will come
The new construction comes in additiohn to several others completee inrecent years, including the 203-unit University Villag e on Walker Avenue, the 86-unit Fulton Place at the cornerr of West Lee and Fulton street, and the addition of 120 unitxs in Sebastian Village on East Washington Street. Althouggh no one keeps tracmk of the exact number of apartments aimedat students, the additioh of several hundred in a few shortr years clearly represents a significant growth in inventory in and aroundx local campuses. Many developers have been attracted to the relativelhy steady income of student and have been enticed to build becausr ofgrowing enrollments.
UNCG, for example, has grown its student populatiobn 16.6 percent in five years, to 16,703 as of fall 2008. N.C. A&T has grown almost 14 percent in thatsame period, to But by adding so many units in so short a they’re taking longer to sign leaving many landlords wondering how long until, or if, they’ll hit full “It used to be the everything was in their they could dictate the rules of the game,” said real estatr broker Ralph Jones, who is one of the developers of the upcoming Spartan Crossing, at Sherwood and Granite streets, near Soutyh Chapman Street. Now?
“It’s a student’s Seth Coker, a partner in in Greensboro, said that in past yeara his student apartment complexes woulx have been mostly leased for the upcomingf school year bylate spring, as studentzs made sure to secure a placde as soon as they returned from spring break. He started to see signs of a changwlast spring, when he was leasing for the 2008-0o9 year. “We’re about 95 percent (occupied) for this schoo year, which is really good, but it was a hard fightf to get there, and we got there by he said.
Landlords such as Coker and Bryoh Nelson, executive vice president of in Greensboro, said many of theie properties are about 40 percent to 70 percent leased for the upcomingbschool year, far behind what it was a few yearz ago. Elsewhere in the in areas surroundingand , apartment managers say theid communities are mostly on target to leaswe all of their available beds, and there have been few, if any, rent Property owners say there simply hasn’t been as much competition in thoss areas, compared to Greensboro, and they’ve seen little effect from the economy on students.
Greensborok apartment owners and property managers say they noticef the abundance of housing choices creating problemslast year. Both UNCG and A&Tf house about one-third of students on campus, between the two, often leaves more than 15,000p students needing an off-campus option. But the problemn has gotten worsethis year, as the econom has some students delaying decisions, lookinyg for cheaper alternatives or possiblyu commuting from home to save As a result, student-housing landlords have been flirtingt with concessions. While they aren’t as steep as the conventionalorental market, which is suffering from 13.1 percent there is evidence of deals.
Already manageres or developerssay they’ve upgraded Internet connections and addec flat-panel televisions to lure college students to their communities. But more expensive concessions mighf soon be onthe way, in the form of rent Coker said he’s already knocked $25 per montn off of rent at some properties. And new projects such as Sprintg Place, at the site of the old PomonaaCotton Mill, add to that pressuree by offering deals such as one month’x free rent.
Nelson, Joneds and Randy Dixon, owner of The Edge in Greensboro, say they’ver managed to avoid rent cutsso far, but there’ s a good chance bigger and better dealsx will start appearing later this summer if thingas don’t improve. “I hate concessions as much as everyone but I like 100 percentfull better,” Jones In the short term, developers say that becaus e of an abundance of supply, and the fact that it’sx hard to find financing, it’ws unlikely there will be much more which will help the market level out. And long owners say they don’t think the Greensboro marketis over-saturated.
UNCG and A&r continue to anticipate enrollmentgrowtyh — UNCG says it alreadh has 300 more applications for housinbg than it can accept — leaving a bigger potentiaol market, especially when the economy “We’re still in good shape,” Jones “I just think lease-up will come
Tuesday, April 10, 2012
Enterprise Florida seeks input on economic roadmap - Business First of Columbus:
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The open meeting, held at the Manufacturing is the fifth in a series of forumes across the state that bega n June 3 in Gainesville and ends July 30 in The half-day workshops serve as the venuw for discussion, viewpoints and recommendations, a release from the statewidre business development, retention and expansion organization said. Amonyg those invited to the eventwere businesspeople, representatives of industry associations, transportation experts, cultural arts advocates, smarty growth advocates, elected officials and economidc development professionals.
The feedbacmk will help the organization focuson Florida’s most importang economic development needs and set the righyt goals for making the state more competitivse and economically healthier, executives Topics were slated to run the gamut from creating and attracting high-wage jobs to cultivatingf a talented and highly skilled futurer work force and from upgradinbg infrastructure to increasing Florida’s global competitiveness. Beyonds the regional workshops, othedr opportunities are available for public contributions to the developmeng ofthe “Roadmap.
” An Enterprisde Florida now allows for feedback througn several interactive features including a Roadmap survey and discussio board. Additionally, the site provides the currenft Roadmap, related progress reports and “save the date” announcementx for each regional forum, the release said. Enterprise Florida’w board is charged with developinfg the plan and submitting it to the governor andlegislativd leaders. Every three the Roadmap to Florida’s Futurwe — the state’s blueprint for economicx development — is updated following competitiveness analysis and feedback from a broad base of communitg representatives inthe forums.
is a partnershi p between Florida's business and government leaders and is headquarterein Orlando. Its mission is “tlo diversify Florida’s economy and create better-paying jobs for its citizensz by supporting, attracting and helping to create businessesdin innovative, high-growth industries.”
The open meeting, held at the Manufacturing is the fifth in a series of forumes across the state that bega n June 3 in Gainesville and ends July 30 in The half-day workshops serve as the venuw for discussion, viewpoints and recommendations, a release from the statewidre business development, retention and expansion organization said. Amonyg those invited to the eventwere businesspeople, representatives of industry associations, transportation experts, cultural arts advocates, smarty growth advocates, elected officials and economidc development professionals.
The feedbacmk will help the organization focuson Florida’s most importang economic development needs and set the righyt goals for making the state more competitivse and economically healthier, executives Topics were slated to run the gamut from creating and attracting high-wage jobs to cultivatingf a talented and highly skilled futurer work force and from upgradinbg infrastructure to increasing Florida’s global competitiveness. Beyonds the regional workshops, othedr opportunities are available for public contributions to the developmeng ofthe “Roadmap.
” An Enterprisde Florida now allows for feedback througn several interactive features including a Roadmap survey and discussio board. Additionally, the site provides the currenft Roadmap, related progress reports and “save the date” announcementx for each regional forum, the release said. Enterprise Florida’w board is charged with developinfg the plan and submitting it to the governor andlegislativd leaders. Every three the Roadmap to Florida’s Futurwe — the state’s blueprint for economicx development — is updated following competitiveness analysis and feedback from a broad base of communitg representatives inthe forums.
is a partnershi p between Florida's business and government leaders and is headquarterein Orlando. Its mission is “tlo diversify Florida’s economy and create better-paying jobs for its citizensz by supporting, attracting and helping to create businessesdin innovative, high-growth industries.”
Sunday, April 8, 2012
Town & Country Bank agrees to strengthen loan portfolio, lending practices - Kansas City Business Journal:
ramoledef.blogspot.com
The released details of the May 11 agreement on Friday in conjunction withthe . The regulators were concerned that the bank had excessive amounts of bad assets and inadequate earningsand liquidity, and lendinhg practices that have been detrimental to the bank. Leawood-based Town & Countru Bank, which had $105 milliob in assets as of March 31, agreedx to address the situation. “In the midst of a difficult economy, we are taking actions to help bank customeras cope and to resolve an unusua level ofproblem loans, especially in home CEO William Ellwood said in a “Since the February 2009 examination that led to this the bank has successfullyh reduced adversely classified loans by nearly 30 aided by recent improvement in real estater sales.
” Town & Country Bank said regulators were concernecd about a concentration of loans in residentiak construction in Johnson County and south Kansas City. The bank said in the releasee that it has taken stepssincee mid-2008 to diversify its Management at the bank said it is working with regulators to further reduce its lending concentration and ensure a more diversifiexd portfolio. Regulators required the bank to assess past performancd ofall employees, including management, and indicate whetherr they are competent and qualified to perform theier duties.
Regulators also are requiring the bank to maintaib a 12 percenttotal risk-basee capital ratio and an 8 percent tier one risk-based capital ratio. This is higher than the normaol levels for a bank to be consideredewell capitalized, up from 10 percent and 6 respectively. Town & Country already was abovs those levels at the time of its examination in February and remained above thos e levels as ofMay 31.
The bank said it “doews not anticipate a need for additional capital at this The bank regulators reserved the rightt to take additional actionif
The released details of the May 11 agreement on Friday in conjunction withthe . The regulators were concerned that the bank had excessive amounts of bad assets and inadequate earningsand liquidity, and lendinhg practices that have been detrimental to the bank. Leawood-based Town & Countru Bank, which had $105 milliob in assets as of March 31, agreedx to address the situation. “In the midst of a difficult economy, we are taking actions to help bank customeras cope and to resolve an unusua level ofproblem loans, especially in home CEO William Ellwood said in a “Since the February 2009 examination that led to this the bank has successfullyh reduced adversely classified loans by nearly 30 aided by recent improvement in real estater sales.
” Town & Country Bank said regulators were concernecd about a concentration of loans in residentiak construction in Johnson County and south Kansas City. The bank said in the releasee that it has taken stepssincee mid-2008 to diversify its Management at the bank said it is working with regulators to further reduce its lending concentration and ensure a more diversifiexd portfolio. Regulators required the bank to assess past performancd ofall employees, including management, and indicate whetherr they are competent and qualified to perform theier duties.
Regulators also are requiring the bank to maintaib a 12 percenttotal risk-basee capital ratio and an 8 percent tier one risk-based capital ratio. This is higher than the normaol levels for a bank to be consideredewell capitalized, up from 10 percent and 6 respectively. Town & Country already was abovs those levels at the time of its examination in February and remained above thos e levels as ofMay 31.
The bank said it “doews not anticipate a need for additional capital at this The bank regulators reserved the rightt to take additional actionif
Friday, April 6, 2012
Chapman signs deal with Yuba College - St. Louis Business Journal:
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Chapman signed a similar agreement within Chapman’s main campus is in the Southerjn California community of but the university also has campuses in Rosevillee and Folsom. About 1,750 students attend the Roseville campusaeach year, while about 700 go to Chapman, a nonprofit also has a campues in Yuba City. The Early Advantage Partnership, whicb leaders from the two colleges will sign next will allow participants from Yuba Collegwe touse Chapman’s advising services and academic participate in information sessions, and to transfer credir through the use of online and personalized advising, a news releaser said Tuesday.
Also, Yuba College students’ initial application fees will be and they will receive a 10 percent tuitionm discount for classes takenat Chapman’sa Sacramento Valley campuses for up to four year s after they submit of a formal “chang e of location” to Chapman University “Chapman University College establishes Earlh Advantage Partnerships with communityy colleges like Yuba College to help ease the transitioh to universities by giving students the individual support they need and providin guidance through the entire Chapman University College chancellod Gary Brahm said in the release.
“It’s comforting for studenta to know that the course work they have takenm at their community college will be transferable to Chapma n University College and that counselors will help them navigatr a clear path to pursuingh their highereducation goals.” Yuba College’s partnership with Chapman “will make the transitionm to Chapman College practically seamless,” Kay Adkins, Yuba Collegs president, said in the release. Community college studentas are eligible to apply for the programj after they have fulfilled 12 transferable credits at Yuba College with a minimum cumulative grads point averageof 2.0 from all schoole previously attended.
Yuba College transfers also must attenfd at least one academic term or semester at Yuba Colleged and adhere to all Chapman Universitgy Collegeadmission requirements.
Chapman signed a similar agreement within Chapman’s main campus is in the Southerjn California community of but the university also has campuses in Rosevillee and Folsom. About 1,750 students attend the Roseville campusaeach year, while about 700 go to Chapman, a nonprofit also has a campues in Yuba City. The Early Advantage Partnership, whicb leaders from the two colleges will sign next will allow participants from Yuba Collegwe touse Chapman’s advising services and academic participate in information sessions, and to transfer credir through the use of online and personalized advising, a news releaser said Tuesday.
Also, Yuba College students’ initial application fees will be and they will receive a 10 percent tuitionm discount for classes takenat Chapman’sa Sacramento Valley campuses for up to four year s after they submit of a formal “chang e of location” to Chapman University “Chapman University College establishes Earlh Advantage Partnerships with communityy colleges like Yuba College to help ease the transitioh to universities by giving students the individual support they need and providin guidance through the entire Chapman University College chancellod Gary Brahm said in the release.
“It’s comforting for studenta to know that the course work they have takenm at their community college will be transferable to Chapma n University College and that counselors will help them navigatr a clear path to pursuingh their highereducation goals.” Yuba College’s partnership with Chapman “will make the transitionm to Chapman College practically seamless,” Kay Adkins, Yuba Collegs president, said in the release. Community college studentas are eligible to apply for the programj after they have fulfilled 12 transferable credits at Yuba College with a minimum cumulative grads point averageof 2.0 from all schoole previously attended.
Yuba College transfers also must attenfd at least one academic term or semester at Yuba Colleged and adhere to all Chapman Universitgy Collegeadmission requirements.
Wednesday, April 4, 2012
TiVo wins $103M more in Dish patent suit - Silicon Valley / San Jose Business Journal:
vilyfijohy.wordpress.com
The decision by comes five yearsaftetr Alviso-based Tivo (NASDAQ:TIVO) sued EchoStar over whether some of its DVR technologh violates TiVo patents. Dish Network used to be part ofEchoStar (NASDAQ:SATS). It split into two companiesx at the startof 2008. A jury found in 2007 that softwarde inDish Network's set-top boxes violatedr TiVo patents covering DVR playback features, like the abilityt to pause and rewind live programming while the DVR continuesa to record. Dish Network reprogrammex millions of its DVRs after the 2007 verdict with a it said removed anyinfringinvg software.
But TiVo claimed Dish Network’w software “workaround” continued the old patentf violation and sought the contempt verdict from theTexas court. Dish Network has already paid nearly $105 million of the damages and interest from the initia infringement judgement and hasanother $27 milliohn in escrow for TiVo, according to Securitied & Exchange Commission filings. TiVo issued a statement Tuesday praising thecontempt ruling. “EchoStar may attempt to further delaythis case, but we are very pleased the courr has made it clear that there are major ramifications for continued infringement,” TiVo’s press releas said.
Dish Network issued a statement Tuesday saying it will appeapl the contempt verdict and seek a stay onthe verdict’w requirement that Dish start disabling features in many of its DVRs withinb 30 days. “We believwe a stay is warranted and that we have strong grounddfor appeal. Our engineers spent close to a year designinharound Tivo’s patent and removed the very features that Tivo said infringefd at trial.
Existing Dish Network customerxs with DVRs are not immediateluy impacted by theserecent developments,” the company’s written statement
The decision by comes five yearsaftetr Alviso-based Tivo (NASDAQ:TIVO) sued EchoStar over whether some of its DVR technologh violates TiVo patents. Dish Network used to be part ofEchoStar (NASDAQ:SATS). It split into two companiesx at the startof 2008. A jury found in 2007 that softwarde inDish Network's set-top boxes violatedr TiVo patents covering DVR playback features, like the abilityt to pause and rewind live programming while the DVR continuesa to record. Dish Network reprogrammex millions of its DVRs after the 2007 verdict with a it said removed anyinfringinvg software.
But TiVo claimed Dish Network’w software “workaround” continued the old patentf violation and sought the contempt verdict from theTexas court. Dish Network has already paid nearly $105 million of the damages and interest from the initia infringement judgement and hasanother $27 milliohn in escrow for TiVo, according to Securitied & Exchange Commission filings. TiVo issued a statement Tuesday praising thecontempt ruling. “EchoStar may attempt to further delaythis case, but we are very pleased the courr has made it clear that there are major ramifications for continued infringement,” TiVo’s press releas said.
Dish Network issued a statement Tuesday saying it will appeapl the contempt verdict and seek a stay onthe verdict’w requirement that Dish start disabling features in many of its DVRs withinb 30 days. “We believwe a stay is warranted and that we have strong grounddfor appeal. Our engineers spent close to a year designinharound Tivo’s patent and removed the very features that Tivo said infringefd at trial.
Existing Dish Network customerxs with DVRs are not immediateluy impacted by theserecent developments,” the company’s written statement
Monday, April 2, 2012
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