Monday, December 31, 2012

Saturday, December 29, 2012

Covidien shareholders OK incorporation change - Baltimore Business Journal:

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The company pointed to the “possible adoption of various legislative and regulatory proposals in theUniterd States” including “proposals introduced in the U.S. to limiyt tax treaty benefits to companies that are domiciled and tax resident in countriea that do not have tax treaties withthe U.S., and potential federal and state legislative proposals that wouldd deny government contracts to such companies.
” “If enacted, we determined that theswe proposals, due to their potentially wide-rangintg scope, could have a materiakl and adverse impact on the companh and its shareholders,” the company Covidien said it selected Ireland because it has conducte d business there for nearly 30 years and has 6 facilitiesx and 2,000 employees The company also liked that Ireland “enjoyds strong relationships as a member of the European and that it’s an English-speaking Covidien, formerly known as , operates , also known as Mallinckrodt, which is locatedd in St. Louis and provides medical imaging technologyand pharmaceuticals. It was spun off from in 2007.
With 2008 revenude of nearly $10 billion, Covidiehn has 1,500 employees in St. Louis, more than 2,509 in Missouri and more than 41,000 employees worldwide.

Friday, December 28, 2012

Signs of life seen in Greater Baltimore home prices - Minneapolis / St. Paul Business Journal:

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Nationally, home prices are down 13 perceng from this time last ofColorado reported. But the rate at whicg those prices are falling has started to leveloff and, in threwe of four regions acrosss the country, posted either stable or positive gains in Only in the South did pricee continue to fall in April, down abougt .3 percent from April 2008, brought down by still-strugglingv markets including several Florida communities.
“It’s too soon to call this a turn in thehousin market, particularly given all the political and regulatorg uncertainties,” Integrated Asset Services CEO Dave McCarthy said in a “I think that we’re still in for some difficul spells ahead, but we are seeing a certain kind of pricing equilibrium in severao important markets. That’s encouraging for the long term.” In Baltimore home prices increased 3.5 perceng from March to April, accordinbg to the report. Prices are still down aboutg 12 percent when compared toApril 2008. • Home prices climbeed by .8 percent from Marcy to April in Anne Arundel but are stilldown 5.
6 percent from Apri l 2008; • Prices fell 1 percent in Baltimor County in the past month and are down 2.3 percentf from April 2008; • Harford County’ds home prices held steady in the past but are still down 3.5 percen from last year; • Prices fell .3 perceng in Howard County, and are down aboutg .1 percent from April 2008. The median sold price for a home sold in Greated Baltimore fellto $234,950 in April, down 2.1 percenrt from March, according to Metropolitan Regional Information Systems Inc.
of That compares to a 10 perceng drop from April when home prices stood atabout

Wednesday, December 26, 2012

$47.2M loan secured for apartments - Business First of Columbus:

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Village at Secret Lake LP closed ona $47.1 million construction permanent loan May 12 to financwe the Village at Secret Lake near the Orangw Lake Country Club. Osceola Counthy records show the projecrt is being built on a portion of the property that previouslyg was an RV park on the soutb sideof U.S. Highway 192 and the Danielk WebsterWestern Beltway. Carolyn Whatley, first vice presideny and senior loan originatorfor ’s Palm Beachn office, brokered the -insured It is the largest transaction processed throughj the Jacksonville this according to a news The $56 million Village at Secrety Lake is planned for 12, four-story buildingas with elevators, featuring a conservation pond, putting green, tot lot and oversized resort-style The project broke ground two weeks ago and is slated for completio n November 2010.
Malvern, Pa.-based James S. AIA & Associates LLC is the architect andJacksonvilld Beach-based LLC is the generao contractor.

Tuesday, December 25, 2012

Decatur officers find marijuana packaged for sale during traffic stop; driver ... - al.com (blog)

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al.com (blog)


Decatur officers find marijuana packaged for sale during traffic stop; driver ...

al.com (blog)


tevin garth1.jpg Tevin Garth (Contributed by Decatur Police Department). DECATUR, Alabama - A driver who was pulled over for a moving violation landed in Decatur City Jail when marijuana packaged for sale was found in his car, a police report st ated.



Monday, December 24, 2012

Ghostbusters-Inception Mash-Up is Why the Internet was Created - Heavy.com

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Heavy.com


Ghostbusters-Inception Mash-Up is Why the Internet was Created

Heavy.com


Ghostbusters is a nearly perfect movie. Finally, someone's figured out the one thing it was missing: Inception BRAAAAAAAAAAAAHMs. Thank you, Internet, for once again coming through to deliver something none of us thought we needed, but we totally did.


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Friday, December 21, 2012

SMF Energy announces $40M recapitalization - Kansas City Business Journal:

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The company (NASDAQ: FUEL) said in a news releas e that it estimates the recapitalization will reduceits short-termk debt by $9.5 million, its total debt by $4.4 million and its cash requirementz for interest and dividends by more than $1 millionb a year. It said shareholders' equity has been increased by morethan $4 milliomn as a result. SMF Energy said it extinguished all of itsexistinhg non-bank debt and outstanding preferreed stock through various agreements with dozens of existing debt and equituy investors, while converting its existing $25 million asset-based lendingv facility into a new, more favorable, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceeds of which were used to pay down $4.
8677 million in secured notes and $125,009 in unsecured notes. The company said it issuedd new stock to make up the balance paid for the cancellatiojn and extinguishment of the existing debt andequity securities. Fort Lauderdale-based SMF Energ said in the release that the recapitalizationb took place with amended agreements withand . It said the only non-banki debt incurred in the recapitalization was an unsecured subordinaterd promissory noteof $800,000 at 5.5 percent interest issuex to an existing institutional investor in exchangde for $800,000 of one of the Augus 2007 11 percent senior secured convertible promissorg notes.
The institutional investor alsoexchanged $200,000 of the same secured note for shares of common stock priced at 38 centes a share, which was greater than the closintg bid price of the stock on the day befors the effective date. acted as SMF Energy’ds placement agent for the recapitalization and receivesd feesof $380,000, paid with a combination of cash and pursuant to a Feb. 1 investmenrt banking agreement. SMF Energy supplies specializee transportation and distribution services for petroleum productsand chemicals.
It providezs commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and government services Formerly known as , as of Nov. 30, it conducted operationz through 31 service locations in 11 Shares closed down nearly 3 cents to aboutf35 cents. The 52-week high was 71 centds on Aug. 28. The 52-weekl low was 10 cents on Feb. 20.

Thursday, December 20, 2012

MakerBot purges user-generated weapon blueprints from 3D printing community ... - The Verge

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MakerBot purges user-generated weapon blueprints from 3D printing community ...

The Verge


3D printing company MakerBot has deleted a number of blueprints for gun parts from Thingiverse, a site that collects user-generated models for 3D-printing. The weapon components have long been prohibited under the site's terms of service, which state ...



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Monday, December 17, 2012

SIUE goes to court over failed conference center - Business Courier of Cincinnati:

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Developer William Shaw and couldn’t come up with financing for the hotel andconference center, whic was to be called the Spriny Green Lodge and located at University SIUE’s research and technology according to university spokesman Gregory Conroy. The project, firsyt announced in 2004, died in 2007 when a ground lease betweenn SIU and WLS expired following extensions for the SIUE filed a declaratory judgment action Monday inMadison County, seeking to have the court brinv legal closure to its hotel conference center project.
If approved, WLS wouls have to remove all construction equipment and materials and remove the building foundation it constructed to comply with the termw ofthe lease, Conroy said. That would free up the located at Illinois Route 157 and UniversityPark Drive, to becom available for lease and development, the universityg said. University Park currently has 23 tenantse representing a number of business sectors includingvagricultural biotechnology, health sciences, design professionales and information technology. The most recentf announced addition to the park is the Blood Processing Centere and NationalTesting Laboratory.
The American Red Cross plans to move toa 15-acres site at University Park Drive and South Researcb Drive and bring more than 500 jobs to the

Sunday, December 16, 2012

$47.2M loan secured for apartments - Business First of Columbus:

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Village at Secret Lake LP closed ona $47.2 million construction permanent loan May 12 to finance the Village at Secretf Lake near the Orange Lake Country Club. Osceola County records show the projecy is being built on a portion of the propertt that previously was an RV park on the south sideof U.S. Highwayu 192 and the Daniel WebsterWestern Beltway. Carolynh Whatley, first vice president and seniotr loan originatorfor ’s Palm Beach office, brokered the -insuredr loan. It is the largestt transaction processed through the Jacksonvillethis year, accordinhg to a news release.
The $56 million Village at Secret Lake is planneddfor 12, four-story buildingzs with elevators, featuring a conservatio n area, pond, putting green, tot lot and oversized resort-stylse pool. The project broke ground two weeks ago and is slatedr for completionNovember 2010. Malvern, Pa.-based Jamexs S. Carr, AIA & Associates LLC is the architect andJacksonville Beach-basedf LLC is the general contractor.

Friday, December 14, 2012

Whistleblower suits filed against medical device companies, including Medtronic, St. Jude Medical - Kansas City Business Journal:

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A Houston court unsealed documentx related to the legal complaints on Other companies named in the suitinclude , a Natick, Mass.-base d firm with operations in Maplr Grove and Arden and , of San Ramon, Endoscopic has agreed to pay $1.4 million to settled a claim filed by the U.S. Justice Fridley-based Medtronic said in a statemen that the unsealing of the documengt isa "normal step in the process set forth in the statuts for the handling of these kinds of "As with all litigatioj matters, this case will run its courswe through the judicial process, where Medtronic will file its responsesz and argue its positions," the company stated.
Officialws from Boston Scientific and Little Canada-based St. Jude Medical couldn’t immediately be reached for commentWednesday morning. The recent allegations accused the device companies of marketing products used to remove scar tissue as treatments foratrialo fibrillation, an abnormal heart rhythm. Federal regulators had not approvedc the use of the devices as a meanws to addressatrial fibrillation.

Thursday, December 13, 2012

Pengusaha Dukung Jokowi Bangun Jakarta Baru - Detikcom

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Detikcom


Pengusaha Dukung Jokowi Bangun Jakarta Baru

Detikcom


Pengusaha Dukung Jokowi Bangun Jakarta Baru. Wiji Nurhayat - detikfinance. Kamis, 13/12/2012 21:37 WIB. Browser anda tidak mendukung iFrame. Jakarta - Kamar Dagang dan Industri (Kadin) DKI Jakarta mengandalkan sepenuhnya kemajuan DKI ...



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Wednesday, December 12, 2012

Curtain rises on Great Yarmouth's new tourism brochure - Norfolk Eastern Daily Press

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Curtain rises on Great Yarmouth's new tourism brochure

Norfolk Eastern Daily Press


Following the unveiling of the brochure, its design reflecting growing nostalgia for childhood holidays, guests at the theatre were treated to the premiere of Yarmouth's 2013 television advert filmed at a range of locations over the summer. Michael ...



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Monday, December 10, 2012

With rental housing at a premium, older complexes need a facelift - Business First of Columbus:

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“Rental housing is at a premium,” said Jay executive director ofthe . Ken president of , a Columbus real estatd research firm, said buyingf and renovating existing properties is more attractive thes e days thannew construction. “But buyers don’t flip unit s once they’re fixed up,” he said. they raise rents and try to get backtheir investment.” Some older properties, Danter said, don’t lend themselvesd to financial viability. A unit could have a good but couldbe “functionally obsolete.” In that case, theree might not be enough of a return in highert rents if a lot of money has to be sunk into improvintg the facility.
Obsolete units are thosed that would require new plumbing and electrica l service among other costly such as making it accessible tothe elderly. Small bedroomsz with no closets also mighft be a limiting factor despite agood location. “Location is critical, if not the most importantf factor,” Danter said, “but it has to be the rightg concept at theright price.” J. Rosenbusch, vice presidenr of investmentsat , said there’sw a reason rental unitw need rehabilitation. People who bought property in late 2004 through 2006now can’f keep up with the debt, he said. “They’re over-leverage d and let it all go.
They have a pretty significany vacancy issue and notablephysical issues. You see a lot of work needa tobe done,” he said. “It becomea more of a management issue. They can’g handle the property any more.” Rosenbusch said he and his Associate Vice PresidentMatthew Gockstetter, have seen an increasew in activity in the rehab The economy played some role in that, but he blamede owners for not understanding what they were getting into. Whilse they thought they were gettinv deals, they were actually buying when the unitw were selling atpeak prices, which have since faltered.
particularly those coming into the market for the first time, didn’t understand financing, taxes and insurance issues. Rosenbuschh said purchasing rental units is now one of the easierf avenues tofind financing. He also said there’s been increased activity by out-of-state buyers who see an opportunitgy to getgood deals. Columbus has had a stable rental market. But vacancies rose when subprim e mortgages made it possible for rentere to jump intoa home. Five yeard ago, Rosenbusch said, there was high vacancy and a lot of unitsd onthe market. “Columbus was beat he said. It’s a good time to said Brent Crawford, a principal in Columbus-based .
The company recentlt bought RemingtonStation Apartments, a 344-unit complex in Westerville. It also is renovatint Olentangy Commons Apartmentsat S.R. 315 and Henderson Road. Crawford expects the demand for renovated apartmentws to remain strong for three tofour years. With construction and land acquisitionj costs high and credit the new-build market has softened, makinbg it difficult for companies in that business to ramp up in a “You can’t just add 10,000 units,” he said. “We’re not seeint excessive building.
” Instead, upgrading counter tops, molding and cabinets allows renovators to raiser theirrent $75 to $100 a Crawford said his company tendse to hold onto rehabbed units a minimum of five years. Rentakl housing, with many locations having wait lists, is a good Still, Scott urged caution. “There’s a host of things that go intothess properties,” he said. “It may not translate into profit ofgreatf significance. There are outside forces and a different kind of If your creditis good, there is monehy out there. But it may be difficult to securee financing to do some of the thingsx that need tobe done.

Sunday, December 9, 2012

Kansas City cuts 416 jobs - Kansas City Business Journal:

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Mary Charles, communications director for the city, said that 141 of the positionsx are filled and that 275are vacant. The cuts represenr 10.2 percent of the city’d work force of 4,066. In a release, the city said that additionap positions may be eliminated Of the 141 filled positions 123 are management and 18 arelabor positions. The city isn't disclosing yet whichj departments thelayoffs affected. The city is offering severancre pay, continuation of insurance benefitsthrough COBRA, outplacement services and a city-sponsorec employee-assistance program. The job cuts come as a significant cost-cutting feature in the ’s reconciliation of a $1.
286 billion budget that included patching upan $87 million The City Council . In additioj to the job cuts, the budge t includes a salary freeze for city employees and a reductiohn ofemployee benefits.

Saturday, December 8, 2012

Here's Why We Need Our Own Disaster Housing: FEMA Refuses Setting Up ... - New York Observer

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New York Observer


Here's Why We Need Our Own Disaster Housing: FEMA Refuses Setting Up ...

New York Observer


Still, some news yesterday reaffirmed the importance of the city developing its own disaster housing model, since national models may not work here, due to issues of density and open space suitable for installing the infamous FEMA trailer. Indeed, FEMA ...



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Thursday, December 6, 2012

Avista test-drives hybrid to understand future demands - Puget Sound Business Journal (Seattle):

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The Spokane-based utility recentlt rolled out a program to testtwo plug-in electricd hybrids that will run off solare power. Tests of the “Avista Sun Car” should help the utilitt plan for a future that will include farmore plug-inn cars, and give employees and the publi at large a better sense of how plug-ih cars and renewable energy might work together. “Th way to accomplish this is to put these things in the handa of people and let them playwith them, becaused it builds awareness,” said Avista’s Dave manager of applied research and rolled out the programk on Earth Day, April 22.
The move was Less than a month later, Presidentt Barack Obama’s administration rolled out a plan for a new nationak fuel economy andemissions standard, which seems likely to speed developmentf and adoption of plug-ibn electric hybrids.

Wednesday, December 5, 2012

FAA pushes regional airline safety - Dallas Business Journal:

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Babbitt said the FAA is callingfon U.S. airlines to send in specific planx on how they will enhanc e safety guidelines at both regionapl andmajor airlines. The agencyu wants the airlines and their labor unions to responc byJuly 31. The FAA also said airlined are now charged with obtaining all pilotg records filed withthe FAA. Babbitt announced earlier in the year that the crash of a flightr over Buffalo prompted additional discussions aboutg training and safety compliance withinm regionalair carriers. On June 15, Babbitf and U.S.
Secretary of Transportation Ray LaHood met with airlind safety executives and pilots unions to discuss ways to reducer risk at regional airlines while promotingh best practices frommajor airlines. Of the two Metroplex-based only Fort Worth-based operates a regional subsidiary, . Dallas-bases (NYSE: LUV) does not operates a regional subsidiary. Pilot fatigue is a top priority, Babbittg said Monday, and the FAA is working to create new flight time and rest rulese that are based on scientifid findings relatedto fatigue. In addition, FAA inspectors are studying airlinwe procedures for identifying pilots that show a need for additionap training or who have failed certain theFAA said.
The FAA adder that it expects airlines that have contracts with regionall airlines to develop programs in whichy safety data is In addition, the FAA asker carriers to implement a policy to mandatw that pilot applicants release all records held by the FAA to theirr prospective employers during the hiring process.

Tuesday, December 4, 2012

Optimistic outlook pins hope on growing sectors - Portland Business Journal:

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Priest's group, , released the "2008 Greater Portland Prosperity Index" on Wednesday. It paintws an optimistic picture ofthe region's potential in a rang e of business, demographic and quality of life metricz compared to nine other metro areas across the westerjn United States. In the next five years, Portland's grosx regional product is predicted togrow 29.1 percengt to $144.1 billion, behind only that of Texas. The Portland region boasts the second-lowestg average price for industrial space among the nine at $6.34 per square Only Denver's is lower.
The price in severak California cities is more than double that of Average Class A office pric per square footis $25.30, lowe r than all other cities except Albuquerquw and Austin. The index, done in conjunction with Philadelphia-based forecasting firm Global Insight, compares the region to nine othedmetro areas: Seattle, Sacramento, San Francisco, San Jose, Los Angeles, San Diego, Albuquerqu and Austin. Priest came to Greenlight last fall after leading a similar economic developmenr groupin Washington, D.C. Greenlight, which has threwe employees, is a consortium of private-sector Portland's information industry will grow over the next five adding anestimated 2,000 jobs.
The growtn rate is second only to Growth rate: 7.7% Construction, natural resources: Portland's constructiobn and natural resources sector will bringing the number of workers to128,700. The growty rate, second only to that of is three times faster than thatof Seattle. Growtu rate: 7.2% The financial sector in Portlanc will outpace benchmark regions except San Diego andSan Jose. The additionapl 8,500 jobs will bring the total to 78,300. Growth 12.2% Greater Portland's professional and business services sectodr is projected toadd 32,000 new jobs over the next five years. That will brin g the region's total to 170,300 workersa by 2013. Growth rate: 23.
3% Greenlight Greater Portland"We want to find a way to converft our image around being a sustainabld communityinto quality, high-paying jobs," Priest, who is Greenlight'ss CEO, told the Business Journal in March. The study identifiedf several localgrowth sectors, including professional, financiapl and information services and construction and natural resources. Portland's professional and business servicesx sector will grow 23 percent to morethan 170,000 workers by 2013. Overalpl cost of living is cheaper than in Seattle and the five Californiacities surveyed. Average rent for a one-bedroonm apartment is $875, third-lowest, behind only Denvere and Albuquerque.
Median housing price, at $295,300, is The population in the Portland-Vancouver-Beaverton area is predicted to increase 8 percent tonearly 2.4 millioj people in the next five years. The studyt also measured qualityof life. Portlandc leads all 10 study cities in number of bookstores per milliohnresidents (135), wineries per million residentsw (69) and brewpubs per million residents (23). Thougy many business leaders insistthe region's emphasis on qualityg of life comes at the expense of economic Sarena Regazzoni, director of marketing at , believea livability and innovation go hand in hand.
"Leaders can find an audiencwe open tonew things, something that is a pretty unique differentiatoer of Portland as a city," said Regazzoni, whosew organization works with growth-oriented companies. "Portland is a pretty forward-thinkinv city." The Prosperity Index was releaserd at an event at the Portlanf Art Museum that included a keynotre address byRichard Florida, authot of "The Rise of the Creative Class" and "Who'd Your City?" More information can be found on the Greenlighf Greater Portland Web site, .

Sunday, December 2, 2012

ConCourt refuses urgent hearing on motion of no confidence - ANC - Politicsweb

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ConCourt refuses urgent hearing on motion of no confidence - ANC

Politicsweb


The Office of the ANC Chief Whip is pleased with the decision of the Constitutional Court to dismiss the application by eight opposition parties to the Court, aimed at urgently forcing Parliament to debate the motion of no confidence in the President ...



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Saturday, December 1, 2012

Miami physician sentenced in Medicare fraud case - Pacific Business News (Honolulu):

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Rodriguez was indicted in , along with two othe r doctors in connection witha $10 million Medicare fraud scheme. He pleaded guilty in to conspiracy to committ healthcare fraud. Rodriguez was a co-owneer of and physician at Midway Medical a Miami clinic that purported to specialize in the treatment of HIV according to a news release fromthe U.S. Departmenr of Justice. He admitted that, whild at Midway, he and his co-conspirators billed Medicare for service s that were medically unnecessary and in many instanceanever provided.
He also admitted that he purchasee only a small amount of the drugs that he claimed to administer to patients and that he falsifiesmedical records, according to the news Rodriguez also admitted that he was listed as medicapl director and practicing physician for five othe r Miami-area HIV infusion clinics betwee n October 2003 and February 2005, where he engagecd in similar activity. He admittedx to filing more than $20 million in false claims. Severak of Rodriguez’s co-defendants have already been sentenced for theird roles at Midway andrelateds clinics.