About the governance review panel - Charlotte Business Journal:

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•Todd Brown, partner in the law firm of in itsCharlottew office. •Yvonne Mims Evans, Superior Court judge in the 26th Judicialo Districtsince 2003. •Jill Flynn, managing director of , a leadershi p consulting firmshe co-founded in 2001. •Henry Lomaxz Jr., chief investment officer, . •Thomas Ross, president of . •Jane teacher of social studies at Concorc Middle School for22 years. •Saran Crowder, policy administrator for . The volunteer panel was unaffiliated with theUnitesd Way. It was assisted by counsep paid for by a donationfrom .
Panelists interviewes 12 current and former members of the boarc and staff ofUnited Way; several officials from Unitedc Way of America; and professionals from consulting, accountintg and legal firms. The panel collected and reviewexd United Way of Central Carolinaes documents that include minutes of the board andcommittees meetings; retirement plans and related agreements; annual operating planxs and financial statements; conflict-of-interest, whistleblower and othef selected policies; and miscellaneouw correspondence.
The panel also considered policieas and standards of the United Way of America and governance “best practice” publications from multiple The panel met eigh times before making its recommendations Monday.

Slovenian bank NLB may issue CoCo bond-finmin - Reuters

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Slovenian bank NLB may issue CoCo bond-finmin Reuters Issue seen likely in June * Govt hopes for strategic investor by year-end * NKBM likely to issue new shares by Sept By Marja Novak LJUBLJANA, June 7 (Reuters) - Slovenia's largest bank Nova Ljubljanska Banka (NLB) may issue a contingent convertible ... and more »

AG files suit against loan modification firm - Pacific Business News (Honolulu):

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The case filed Monday in Maricopa Superior Court alleges that LLC and itstwo executives, Thomas J. Montoysa and Robert Sanchez, advertiser and promoted the firm as having an affiliatiomn withthe U.S. Department of Housing and Urban which itdoes not, accordingy to the filing. But Montoya, in a phon e conversation with the PhoeniBusiness Journal, said he was “taken aback” by the He would not elaborate on any of the charges, however, and said he was talkingt with the company’s attorneys. He said the company would distributw a prepared statement aftefr consultingwith attorneys. As part of the complaint, the AG allegeas that Santoya Financial, located at 2225 W.
Whispering Spring Drive in Phoenix, charged fees for services that consumerd could access directlyfor free. “The defendants deceptively implieed to consumers that any fees paid by consumers for loan modificationh services with Santoya Financial are refundables because the modification program is backby HUD, without disclosing that Santoya Financial’s services are not in any way endorsed or approvecd by HUD and that consumere can obtain assistance from HUD in applying for and obtaining loan modifications without paying any fee whatsoever,” the lawsuit The complaint requests that the court enjoin Santoya Financiao from continuing its “unlawfuo acts,” order the company to pay back any moneh received from those acts, and the defendant to pay civil penalties of up to $10,000o per violation and costs of the According to court records, Santoya Financial began advertising loan modificationh services in March to consumers who were facingh foreclosur e on their homes.
Sanchez was featured on a Phoenic television station in Aprilo and allegedly represented that his firmwas “working with HUD while providing loan modification services to the lawsuit stated. Santoya charged consumers $1,199 plus the equivalenf of one month’s mortgage payment, the lawsui asserts. Santoya also represented during phone solicitationsz that fees collected for loan modifications woulds be donated to an organization named Partners in but “the fees consumers pay for the loan modificationm services advertised by Santoya Financial do not go to Partners in Charituy or any other charitable organization,” the lawsuit further The lawsuit also claims that Santoya did not obtain the necessary surety bond required by the Arizona Credit Services Act.

Japanese visitors still spooked by flu - Tampa Bay Business Journal:

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According to preliminary counts, a total of 8,870 passengers arrived June 1-4 on flights to Hawaii from That’s a 32 percent drop from the same perioddin 2008, about 1,009 fewer visitors per day. The Japaneser visitor falloff begin the second week in May and was directlt attributed toswine flu, also callex H1N1 influenza A. Even though Japam has reported, as of Wednesday, 385 swinwe flu cases of its own, ranking it amonv the top six countries affected by the many Japanese companies have banned employees fromoverseasa travel. The swine flu outbreak is also affectingf travel from other Asian countries to North Americaand Europe, according to Hawaii Tourism Asia.
The Soutyh Korean travel industryreports 15-309 percent cancellation rates in tripx to U.S. destinations since the end of April. Cancellations to Hawai are under10 percent. The Chinese travel meantime, said cancellations in outbound traveoare increasing, with fewed new-booked packages to the U.S.

Sabritas target of a string of attacks in Mexico - CNN International

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Sabritas target of a string of attacks in Mexico CNN International Mexico City (CNN) -- A Sabritas employee was in a Mexican hospital Friday with injuries sustained when his company vehicle was set afire Thursday night in the latest of a string of such attacks, a company spokeswoman said. and more »

iCore Networks wins United Negro College Fund contract - Triangle Business Journal:

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Under McLean-based iCore’s system, UNCF will integratee its telephony system at its Fairfad headquarters and more than 20 branchoffices nationwide, allowingt the organization to cut down on capital expenses and monthly telecommunicationsd costs. UNCF is currently using severak phone service providers to handle the telephonyy needs ofits U.S. locations, whereas the new service will alloqw four-digit dialing between all UNCF offices and unlimited locao and long distance inthe U.S. “We are definitely growin in a down economy.
We grew 100 percent last year [and this year] we projecrt to finish 60 to 75percent up,” said Stevs Canton, CEO of “We attribute that to the marketplacer becoming more familiar with VoPI.” The eight-year-old company, which generates $40 million in contracteed revenue, has around 20,000 subscribers on its network. The firm just completexd installing a VoPI solution forthe , which has 10 locationd in the U.S.
and 600 users on the

Baltimore banks weigh Treasury's TARP infusion as deadline looms - Baltimore Business Journal:

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Among those either already filingan application, planning to or having received preliminary board approval to take part in the TARP program are -- Baltimore’xs largest independent bank -- as well as and . Publiclyt traded banks must appltyby Friday. The will give privatelu traded banks more timeto apply, but has not yet announcecd that deadline. The stock purchase program has caused controversy both in the bankingy community and thegeneral public, from philosophicalp debates over whether the government shoule take ownership in banks to angef that some banks will use the money to make acquisitionss rather than lending it to customers who need the But to many banks, any additionalk source of funding in a difficult economu is welcome.
And with the program still taking shape, several local banks said they woul likely hedge theirbets — filinfg an application by the deadline, then making a fina decision about whether to participate later. One of thosr is Baltimore’s Carrollton Bank (NASDAQ: CRRB), with about $405 milliomn in assets. “The only reasomn we’d apply is not becausw we needthe capital, but because we could use the CEO Robert Altieri said Thursday afternoon. Carrolltoh Bank had a Tier I capita l ratioof 10.19 percent at the end of well above the 6 percent ratipo marking a bank as “well-capitalized.
” “Even if you don’ty need the capital, you can’t have enough Joseph Bouffard, CEO of BCSB Bancorp (NASDAQ: said Friday. That makes the TARP “somethingh we are very interesteed in,” Bouffard said, though he declined to confirmwhether BCSB, the parent of , will applgy or not. The bank has $567 million in assets and had a Tier I capitalp ratio of nearly 16 percengt as ofJune 30. Provident Bank PBKS) has gotten board approval to take part in the TARP the bank said in its quarterly report filed withthe Nov. 10.
Providengt said in October that it had received preliminar y approval to participate in the TARP Provident has morethan $6 billion in assets and a Tier I capita l ratio of 10.13 percent. Treasury has said the capitall purchase program is gearedtoward “healthy” banks, thougyh it hasn’t offered many details about how it will definw those. Banks can apply for an investment totalinf 1 percent to 3 percenr oftheir risk-weighted assets, a calculation that measurew how risky the bank’s holdings are. The maximum amounf the government will invest in any one bankis $25 billion.
In exchangr for the government’s the bank will issu e preferred stock that pays a dividenc of 5 percent each year for the firsrtfive years, increasing The government will also get warrants to buy commomn stock of the bank. Because of thoses costs, (NASDAQ: GLBZ) decided not to take part in the CEO MichaelLivingston said. The bank has more than $325 milliobn in assets and a Tier I capita l ratioof 14.19 percent. “We are extremely well-capitalize and don’t see any need to use that Livingston said.

Cordish Co. Company Profile | Company Information

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The Cordish Company's origins date back to 1910 and encompass four generationsof privately-held, family ownership. During the past ten The Cordish Company has grown intoa multi-billion dollaf global conglomerate of businesses defined by two major areasw of expertise: one of the leadiny real estate development companies and most successful entertainmenrt operating businesses in the world. Over the The Cordish Company has remained true tothe family's core values of quality, entrepreneurial spirit, long-term personap relationships and integrity.
As a testimony to the long-termk vision of its family leadership, The Cordish Compan y still owns and manage s virtually every business ithas created. The Cordishy Company is one of the largesty and most respected developers in the world with extensiv expertise in almost every discipline of real entertainment & mixed-use, gaming & sports anchored developments, retail, office and Widely recognized as the leadiny international developer of large-scale urban revitalizatioh projects and entertainment districts, The Cordish Company has been awarded more Urban Land Institutew Awards for Excellence than any othef developer in the world.
Many of The Cordish Company's developments involve public/private partnerships and are of uniqude significance to the cities in which they are The Cordish Company also includes a range ofentertainment restaurants, music, gaming, film and...

Bosnia couple arrested for allegedly abusing girl - Fox News

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Bosnia couple arrested for allegedly abusing girl Fox News The 19-year-old girl was rescued after villagers tipped off authorities that she was being abused, the spokesman for the prosecutor's office in Tuzla, Admir Arnautovic, told The Associated Press. He said Milenko Marinkovic, 52, and his wife Slavojka, ... and more »

Local home sales plummet 30% in May - Business First of Louisville:

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region plummeted 30 percent in May despite indications more potentialk buyers are being drawn into the real estate market by low interest rated and a federal tax incentivefor first-time A total of 554 new and existing single-familyt homes and condominiums sold in the compared to 790 a year ago, based on preliminaryh figures released today by the . The overalll median sale price fell 2 to $191,900, although prices were flat or rose in four of the six countiesd where most of the sales occur.
The mediaj price fell 7 percent in RensselaeeCounty ($170,000) and 4 percent in Saratoga County The median price was unchanged in Albany County ($205,000) and increasefd 6 percent in Schenectady County ($160,000), 13 percent in Schoharis County ($148,500) and 39 percent in Montgomeru County ($106,700). The median is the point at whichy half of the prices were more and half were which is considered a better gauge of the sales markeyt thanthe average. The averagr price in May fell 3 percent, to The May results don’ necessarily reflect the activity in the market today since it takes two to three monthsz for a purchase contract to proceede to afinal closing.
“I will tell you it has been my experiencse that open houses are phone calls and Internett leadsare many,” GCAR Presidenty Sandra Nardoci said. “The feeling is that when buyerds become confident that their jobs are securew our market will pickup rapidly.” GCAR Chierf Executive Officer James Ader has said the sales report that’es compiled in July and releasef to the news media in August will provides a good reading on how the spring markety fared. There is one potentially telling sign of apossiblwe turnaround: the overall median sale price has increased steadily sincs January, rising from $171,700 to $191,9000 in May.
When only existinf homes are counted, total sales in May fell 26 That compares witha 3.6 percent decline in existing-home salea nationally compared to a year ago. The medianb sale price for existintg homes in the Albanty region increased2 percent, to Nationally, the median sale price was $173,000, down 16.8 percent, accordin g to the . Albanyh County: 151 closed sales, down 16 percent Rensselaer 53closed sales, down 55 percent Saratoga County: 163 closer sales, down 34 percent Schenectady County: 93 closex sales, down 11 percent Schoharie County: 14 closed sales, down 22 percent Montgomery County: 20 closee sales, no change

Obama administration accused of dropping ball on case of jailed Pakistani doctor - Fox News

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Obama administration accused of dropping ball on case of jailed Pakistani doctor Fox News Former US intelligence officers accused the Obama administration of dropping the ball on the case of the Pakistani doctor sentenced to 33 years in prison for helping find Usama bin Laden -- with one openly challenging the State Department's claim that ... and more »

HR firm TriNet puts faith in calculated risk - bizjournals:

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But sometimes, said CEO Burton Goldfield, a companty needs to take calculated risks. “This isn’t a time to hole up in a he said. Goldfield’s San Leandro-basef TriNet acquired Florida-based Gevituy in March, a move that helped the HR outsourcingh company double its size and cover the entireUniteds States. “It was for us an amazinbg opportunity to become a truly national company and the fitwas uncanny,” Goldfieldf said. “(Culturally) you didn’t have to make a TriNet has 8,000 business customers, including 1,000 in the Bay Area. The companyu focuses mostly on technology startupw that have at least raised a series B round ofventurr capital.
The company had about $104 million in revenue in 2008 andexpecta $200 million this year with the addition of Gevity. taking such a bold step and takingon $80 million in debt in the heightf of a recession — was not withoutf risk, said Goldfield. “Yes we were cash flow positive and profitabls with essentiallyno debt, but we paid $98 million for a companyy that was worth $700 million or $800 milliobn seven or eight years ago,” he TriNet got its loca l bank, Comerica, with whom it has had a 10-yead relationship, to syndicate the debt in its acquisition and to bringf in other banking partners to rounc out the $80 million loan.
Still, like most TriNet has been affected by the recession becausee the company charges its customers per employere for its humanresources services. “The negative part is our installeed base shrank because many of our member companies had seen a downturnh in the economy and reduced the amounrtof headcount,” Goldfield He saw the biggestf drop in November as VCs askecd the startups they’d investeed in to cut expenses. But part of that expense cuttinhg led companies to look at outsourcingbhuman resources, Goldfield said. “The same month that we broughfton 4,500 net new heads was a mont h when payroll and bonuses dropped $50 millio n in the Bay Area,” he said.
TriNet has addex new customers not by dropping prices or searching for new markeft segments but by sticking to its scriptf on how much money it can saveits customers. “Whenb you get in a difficult situatioh defocusing, that creates a downward spiral. We’ve tried to stay focused on companies wherse we have the most valude and to be very maniacal in articulatinthat value,” Goldfield said. TriNet has also hiredd some newheavy hitters, including technologyg bankers with contacts TriNet will need to continu to grow. And Goldfield expect to see more companies turning arounsd as the economy picks up over the next yearor so.
“Thde great news is that our local bank came upwith $80 millioh so that we could grow our business. And if we can do it, otherzs can,” Goldfield said.

Money not easy for parents to talk about, survey says - Portland Business Journal:

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The survey also found that parentxs admit to tapping intotheir children’s piggyh banks to pay daily household expenses. Thirty-fouer percent of survey respondents said they had reduced contribution s toa child’s savings account, and 18 percent have takenh money out of a child’s savings account to covee bills or debt. “It’s clear that parents are struggling with theirf expenses during these difficult but tapping money put aside for their kids will only exacerbate a family’s problems when it comess time to pay for college,” Arkadi president of ING Direct USA, said in a “Parents need to set an exampl e by setting up a ‘set it and forgegt it’ savings mentality” The survey also found that only 27 percen t of parents do not have any savings set aside for thei r children under the age of 18.
Thirty-three percentt of respondents aged 35 to 44 had a chilc approachingcollege age. When it came time to talk to their children, 27 percent of parentzs said they would rather talk about the birdsd and the bees or dating than money and Of that number, most thought they were responsibl for educating their children about moneyu and good spending habits. However, most also thought financiap education should be taughtin school. The nationalk online survey was conducted within the United Statezs by on behalf of ING Directt between April 6and 8, 2009 among 2,123e adults aged 18 years and older, 535 of whom were parentws of a child under 18 years old.

UPMC ups interest in Ireland hospital - Pittsburgh Business Times:

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The bigger share in the Dublin-area will cost the region’zs dominant hospital network $34.6 million, according to a storhy that appeared Sunday in the Irish In addition, UPMC will put up anothe $34.6 million to guarantes existing bank loans, plus inject anothed $25 million in working capital for the As part of the deal, UPMC will acquirwe a two-thirds share in the entity that owns the hospital UPMC has been funding the hospital’s working capitall needs since the start of the year, accordingt to the newspaper, and Beaconh is a privately developed hospital that ran into financial problems last October when Ltd. stoppeds making payments on twobank loans.
The deal also would give UPMC a 40 percent interest in the companies that are developingg threemore so-called co-location hospitals, whichg are privately developed institutions designed to relieve overcrowding at publicly ownee and operated hospitals. “We believe that this investmentf will result in positive returns that will be reinvestedd to serve our patientsa in Ireland andin Pittsburgh,” accordiny to a UPMC statement released “We are confident this restructuringh will receive all necessary approval s from the banks and tax investors and expect the transaction to be completed in July.
”

Flynt: GOP needs to resonate with working class - Opelika Auburn News

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Flynt: GOP needs to resonate with working class Opelika Auburn News Wayne Flynt said Alabama's Republican Party needs to focus on the state's working class, otherwise the state will be “up the creek without a paddle.” “Alabama is at the bottom of the pack when it comes to both lowest per capita income and lowest ...

Isilon Accelerates File-Based Data Back-Up in the Enterprise

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operating system software (see separate release) with 4 Gigabytes per seconrd (GBps) Fibre Channel networking, dual quad core Intelk processors, and 8 Gigabytes (GB) of RAM, the Back-u p Accelerator delivers up to 480 Megabytex persecond (MBps) of performance across four concurrent streams. Enterprise customerx can seamlessly addthe Back-up Acceleratort to any Isilon cluster, providing industry-leading performance, reduced back-ulp windows, and simplified management for file-baseed data back-up. Isilon also today announceds that Sony PicturesEntertainment Inc.
's Digital Media Center is among customers using the new solutionj to accelerate back-up operations while reducing the time and resources associatef with traditional back-up management. "As enterprisee data storage requirements continue to align more closelyt with the compelling advantagesof scale-out NAS, the imperative to effectively and reliablu back-up mission-critical, file-based data is greater than ever before," said , seniord director of product management, Isilon Systems.
"By leveraging the inherentf simplicity of our OneFS operatingsystem software, Isilon'es Back-up Accelerator delivers industry-leading performancd and ease of use for enterpriss back-up operations, eliminating the high cost, complexity, and business risk associatee with traditional NAS and SAN." "Traditional approache s to backup for file-based data become increasingly challenging as the numberf of files, volumes, and amount of data continuw to increase," said , research manager, IDC. "Isilonj has leveraged its clustered architecturee toaccelerate file-based back-up.
" As file-baserd data continues to proliferate throughout the traditional storage systems are being overwhelmed by rapid growth, largr file sizes, and increased complexity. Traditionalo systems were simply not designed to effectivelymanagew file-based data, resulting in disparate data silos that complicate back-up operations, lengthening back-up windowsz and jeopardizing data availability. With Isilon IQ and its OneFzS operating system, enterprise customers can create a high performance, highly scalable, shared pool of storagew to unify data stores and reducwe system complexity.
Leveraging the simplicity and scalability of thenew Back-up Accelerator delivers an enterprise-classe back-up solution for file-basedr data, delivering up to 480 MBps of performance acrosse four concurrent streams. The Back-up Acceleratort can be seamlessly added to an existing Isilon clustert in less than 60 scaling performance linearly with eachadditional Back-up Accelerato r and eliminating the cost, and risks of downtime associatesd with traditional back-up Isilon's Back-up Accelerator is availabl immediately and listed at $38,550 per Isilon Systems (NASDAQ: is the proven leader in scale-outy NAS.
Isilon's clustered storagd and data management solutions drive unique business value for customere by maximizing the performance oftheir mission-criticapl applications, workflows and processes. Isilon enables enterprises and research organizations worldwidew to manage large and rapidly growinvg amountsof file-based data in a highly scalable, easy-to-manage, and cost-effectivd way. Information about Isilon can be founxdat .
The names of companiexs mentioned herein are the trademarks of theirrespective

Report: 4 million Americans lost health insurance since recession began - Phoenix Business Journal:

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The report also claims at least half of the 4 million who lost their insurance coverage still are Before the recession started there were an estimated 46 milliomn Americans withouthealth insurance. The recenft rocky economic climate, however, has likely increaser the number of uninsured at the rateof 14,000 a day, accordingv to the center. The report uses estimates from Urban Institute researcherws that a one percentage pointr rise in the national unemployment rate causes 2.4 million people to lose employer-sponsored health coverage. Of those people, 1 million rely on Medicaid orthe Children’s Health Insuranced Program and 1.1 million end up uninsured.
Sincd data was last collected in the spring the unemployment rate has grownfrom 4.4 percenty to 7.6 percent, and as a result, an estimatec 3.5 million people have lost their health insurancew and are now

Hamilton uses pink bat instead of homer-heavy one - Yahoo! Sports

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Kansas City Star

Hamilton uses pink bat instead of homer-heavy one Yahoo! Sports AP â€" 3 hours ago Like most major leaguers on Mother's Day, the Texas Rangers slugger is using a pink bat Sunday night. He struck out swinging in the first inning in the series finale against the Los Angeles Angels. For Hamilton, that meant not using ... Hamilton goes with pink bat for Rangers instead of bat responsible for 8 ... Washington Post Hamilton trading in his hot bat for hot pink bat in Mother's Day special tonight CBSSports.com (blog) Rangers' bats hand Weaver his first loss NBCSports.com ABC News  »

Stage: Hale Centre Theatre's new season in West Valley City, plus the return ... - Salt Lake Tribune

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Stage: Hale Centre Theatre's new season in West Valley City, plus the return ... Salt Lake Tribune Bookending the season is Hale's traditional production of Charles Dickens' "A Christmas Carol." Season tickets will be available to current season ticket holders in June. Tickets for the general public go on sale Aug. 1. When • "The 39 Steps," Dec. and more »

Report: Columbus holding its own amid recession - Denver Business Journal:

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A report from D.C.-based liberal public-policy think tank dubbee the MetroMonitor bills itself asa “beneatj the hood” recession-era look at metros with more than 500,0009 residents as of 2007. The report placee the Columbus metropolitan statistical area 40th amonf those ranked forits strength, basee on employment, unemployment, wage, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakesr major metropolitan area nationwide. Leading the pack in the repor wasSan Antonio, one of four Texaws cities among the nation’s top Detroit was ranked last, followed by Cape Coral, Fla.
, and Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspectiv on states’ performance amid the recessionn “suggests that recovery may be quite uneven as well, posinhg particular challenges for policymakers seeking to ensurre a truly national rising economic tide.” Columbus’ strengthws and weaknesses in the report The city ranked 25th for its 1.7 percentr decline in employment since its peak earlier this decade. Columbux found itself at 32nd for itsmodest 0.
4 percent gain in inflation-adjustec housing prices for the first three monthsz of 2008 compared with the same period this But the city was ranked near the bottom of the at 80th, for the 4.8 perceng decline in its gross metropolitan product a measure of the goodd and services produced in the area in the first quarter of 2009 compared with its pre-recession peak. Comparing the last thre e months of 2008 with the firsty quarter thisyear alone, the GMP droppede 1.7 percent, representing the 14th-worst decline among the cities measured. To download the full report, click .

Web privacy certifier growing as for-profit - The Business Journal of the Greater Triad Area:

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Founded in 1997 as a nonprofif to promoteindustry self-regulation, San Francisco-based TRUSTre became a for-profit last year, took on $10.54 million in venture capital, nearly doubled its staffv and recently bought a company with anti-malware TRUSTe officials said the decision to go for-profif came because it was having trouble keepinf up with technological changes, with threates morphing from spam to spyware and adwarer and now to behavioral marketing, whichj targets users with ads based on web surfinvg activity.
“As a nonprofit, we were constrained” by too little access to working capital, said CEO Fran Maier, who joined TRUSTee in 2001 after co-founding the dating site TRUSTe went from 28 employees last summer to a currengt headcountof 53, and Maier expects to hire several more people beforee the year is out. The compangy has an open position listed now for an engineering Revenuewas $4.2 million in 2006, $5.5 million in $6 million in 2008 and is on trackk to hit about $10 million this according to company officials. TRUSTw is focusing its expansion on small businessese by offering boilerplate privacy certificatiob startingat $249, plus $49 a month.
In the company bought Haute Secure for web site scanningfand anti-malware technology TRUSTe will offer small and largre businesses. TRUSTe has the most widely adoptedInternety trust-seal logo, appearing on 3,440 web sites, includint 26 of the top 50 web Started when web sites typicallg did not have privacy TRUSTe offers various programs, the most popular being its privacu trustmark certification, which monitors privacy practices on web It makes money by charging for certificationes it says indicate holders adhere to “strict privacyt principles.” How strict is a matter of debate.
Approvak does not mean that a company will not collect personal information about consumers and transfer it toothed entities. Certification is only intended to guarantee that companies meet minimum standardsfor security, have acceptablse privacy policy statements, give people the choicew of whether to opt in or out and abided by their stated policies. TRUSTe also certifies “trustee downloads” that may bundle tracking and advertising software with free games andthe like. But tactics like keystrok logging and taking overof users’ computersa are banned.

Pakistan has not taken action against Hafiz Saeed: Clinton - The Express Tribune

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The Express Tribune

Pakistan has not taken action against Hafiz Saeed: Clinton The Express Tribune By Reuters Clinton also said that Pakistan has not taken necessary action against Hafiz Saeed. PHOTO: AFP/FILE KOLKATA: Pakistan has not taken necessary action against Jamaatud Dawa chief Hafiz Saeed, Secretary of State Hillary Clinton said on Monday, ... < br /> Clinton Urges Pakistan to Act on Mumbai Terror Suspect Voice of America (blog) Indo-Pak home secy-level talks on May 24-25 Hindustan Times  »

BRIEF: Pens will again offer concussion tests to young athletes - Chicago Tribune

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BRIEF: Pens will again offer concussion tests to young athletes Chicago Tribune For a second consecutive summer, the Penguins, UPMC Sports Medicine and the Community College of Allegheny County are joining forces to provide free baseline concussion testing for regional youth hockey players. The program, "Heads Up Pittsburgh," ...

Downtown Sheraton growing its own herbs - Charlotte Business Journal:

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The hotel also is working with executives at Philipss Electronics to determine possible CFL or LED technology for lighting fixturew that currently work only with traditionakincandescent bulbs. Other efforts under way at the new hotell include a banquetrecycling program; installmentg of a filtration system to purify water and reduce and an internal Green Team to identifg ways the hotel can be more “In this day and age, it is cruciao for all companies to be good corporatee citizens.
Since well befors the hotel opened, we have been identifying ways we can reduce our carbonn footprint while also operating asa first-classw hotel,” said Leo general manager of the Sheraton Phoenix Downtown. The seasonak garden is growing okra, mint, peppers and a varieth of herbs to be used at Districgt American Kitchen andWine Bar, the restauranr located on the bottom floor of the District will also return compostable items, such as fruit and vegetable peelings, to Singh Farms where it buys some of its produce. The composgt can then be used by the local farm to aid in the growing ofnew produce, continuing a sustainable cycle, hotelk officials said.

Gold Country plans retail store at TCF Bank Stadium - Puget Sound Business Journal (Seattle):

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Goldy’s Locker Room will be located at the main entranc to TCF Bank Stadium at the corne of University Avenue andOak Street. The storw is schedule to open in mid-August, about a mont h before the first game at the newfootbalk stadium. “Goldy’s Locker Room at TCF Bank Stadium will be one ofthe nation’xs largest, most state-of-the-art college sports retailo venues and the go-tlo destination for Gopher sports fans from far and Gold Country CEO Ron Leafblad said in a “We are excited to be part of this historic momenft for the University of Minnesota and continue our longstandintg partnership with the university’s athleticas department.
” The store also will be open on non-gamedays. Gold Countrhy operates 12 retail stores and including locations on the University of Minnesota campus and at malls in theTwin Cities, Rochestere and St. Cloud.

Silver lining: County hopes good demographics will help retail break through economic gloom - Kansas City Business Journal:

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Unfortunately, getting all the necessary approval s from the city of Overland Park took longerthan expected, largelty because of a pioneer cemetery near the “The cemetery isn’t part of the site,” said a longtime Johnson County retail “But five of the graves were in the way of puttinv a turn lane and a sidewalk in there. So I had to go througj a yearlong process of movingthosse graves.” Now, Waters is attempting to exhume Crystal which includes 36 acre s for retail and 60 acres for offices on 135tb Street between Quivira and Pflumm roads.
Durinf the two years prior to completion of development work at the site in SouthernJohnson County’s retail vacancy rate nearly doubled to the 10 percen mark, where the metro-wide market has hovered for the past few years. Waters and others trying to fill Johnsohn County retailcenters said, the county’s superior demographics continuew to give it an edge in attracting new “We’re still seeing some decentr activity from small local and regional users,” said Matt senior vice president of .
however, said he won’gt be able to take advantage of that demand until he landa a large anchor or two from a fielxd that has been thinned by the recent bankruptcie sof , and othetr national chains. “I don’tt want to anchor a 36-acre shoppingv center with a nail salon,” he said. “Ancd if I do 30,000 or 40,000 square feet of smallo shops to kickit off, that’s what I’j going to have in there. Plus, once I build a retaio strip center on one ofthe pads, I’m committed. I’vde got a building sitting there that couldx be in the way of abig anchor.
” Waters said he is certaimn he would have landed an anchor already had Crystal Springs been pad-ready two yearxs ago. Seeking anchors in a recessioj is alot tougher, he acknowledged, but it’s possible that the downturjn could work in his favor. “I f you’re a retailer bein pressured by Wall Street to increasde your volumeof sales, you’re not going to put that new 200,000-square-fooy store in Phoenix, where the housing market is totally in the or Detroit, where unemployment is off the chartx and all three automakers are in trouble,” Watersw said. “If they’ve got mone y to invest, retailers are goinhg to look for thebright spots.
And Johnson Countyg is one of thosebright spots.” Withib a one-mile radius of Crystal Springs, for instance, the averag household income is projected to rise to $162,294 in 2010 more than two and a half timese the metropolitan Kansas City average projectedr for 2010. With those kind of it wasn’t surprising that 12 new shopping centers were beingf developed five years ago onthe seven-mile stretch of 135thg Street in Overland Park and Leawood — then Johnson County’s hot, new retailo corridor.
But today, some of those centers are struggling to find tenants despitrtheir demographics, and amongf the retailers beyond their reach are the many with locatione on 119th Street the county’s previous hot east-west “Coffee Creek is the next logical step for retailers who alreaduy operate successfully on 119th Street,” said Jeff a senior vice president. He is marketing the 1 million-square-foo t Coffee Creek shopping center planned for 159thn Streetand U.S. Highway 69 in Overlandd Park. Within a three-mile radiues of the Coffee Creeki site, the average household incomedis $171,000, Berg said.
But rooftops in the area remainhtoo sparse, he said, so the center’ first-phase opening has been pushed back from 2011 until the housinyg and retail markets thaw. “We are leapfrogging Corbib Park,” a 1.1 million-square-fooy retail center under development at 135tg Street and Metcalf Berg said. “That’s a great but if you’re a retailer who is on 119tu Street already, do you go to Corbin and closw or compete with yourgood store, or do you just followe the growth further south?
” Developed by Omaha-based , Corbin Park featuresw two large anchors — a departmentt store and — and has signedx a few junior anchors, including Best Buy and Barnew & Noble. But several other juniofr anchors and smaller tenants are neededc to build thecenter out, and each groulp may be waiting for the othe r to pull the trigger. “All of thos junior anchors are dependent uponthe co-tenancyg of the small shops, and vice versa,” said Vaupelk of RED Brokerage. “So I don’rt know where Corbin Park stands.” A spokesman for Cormac Co. did not responf to an interview request.
But Bob Johnson of , a Kansas City retail adviser and brokerage, said the vacan t and planned retail space alongv 135th Street will be absorbed once theeconomy

Maderis stepping down from Five Prime - Pacific Business News (Honolulu):

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The company has hired Julia the former executive vice president and chiefg financial officerat , as replacement. Maderis’ health condition was not but she will continue to serve onFive Prime’s boardd of directors and as a consultant. Her final day on the job is June 18. “Gail’s leadership has been pivotal in the progress Five Prime has made in developingh our pipeline and our new discovery said company founder and executivechairmab Dr. Lewis “Rusty” Williams in a press release. Maderizs said the company had been looking for a replacement sincw late last year after doctorssaid "ther 24/7 pace of a small-company could worsen her condition.
Besides her duties at Five Prime, Maderisz has been a cheerleader for the MissionhBay enclave, serving on the Mayor’s . Five Prime, a privately held, 7-year-old company developing antibody and protei n drugs for cancer andother diseases, was the first to locate in Mission Bay, taking abour 30,000 feet in the buildingf on Owens Street. Earlier this year, it took an additionap 5,000 square feet next door at 1700 Owens as it makesa batches for its Phase I oncology drug program. The timing of the executive chang as Five Prime moves forward with its lead cancer progranmmakes Gregory’s appointment a crucia l one.
At Lexicon, Gregoryh was responsible for financing strategies, mergers and business operations and all financial management and She raisedabout $1 billiomn in public and private equity, product developmentr financing and other Gregory, who will join Five Prime’s board, was an investmenyt banker for more than 20 years. At and Read & Co. Inc. she was head of healthcare andinvestmenyt banking, leading several private and public equityu deals as well as mergers and acquisitions. Gregorhy also is a member of the boarde of The andthe ’s .

Album review: "The Gospel Side of Dailey & Vincent" - Washington Post

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Album review: "The Gospel Side of Dailey & Vincent" Washington Post Your update/correction will be reviewed by the Going Out Guide staff. Thank you for writing to us about washingtonpost.com's Going Out Guide. Thank you for submitting a listing for washingtonpost.com's Going Out Guide. We will review your submission ... and more »

Minneapolis / St. Paul Business Journal: Minneapolis / St. Paul Commercial Real Estate Listings - View Commercial Real Estate

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S. Fla. developer plans $200M Celebration project - Orlando Business Journal:

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The South Florida-based development company will open a sales center in downtownn Celebration by late summer forthe , a two-phases project. An on-site sales center will folloqw later inthe year, and constructiojn will begin in mid-2008. Pre-construction prices for the 441 luxurty art deco units rangefrom $350,000 to $1 million. The firstt phase, which includes more than half the totak units plus allthe resort's should open in late 2010. The second phase will follo w six to 12 months depending on thesales pace. However, news of the project has at leastt one local industry expert scratching his head over the decisiojn to buildthe condo-hotel project now.
"There'a no need to even read the tea saysAbe Pizam, dean of the at the Universityh of Central Florida. "Peoplee are afraid of real estate; people have lost a lot of This is not a particularly wise Amarket exception? But both company Chairman Jorger Perez and , which developed the master-plannecd Celebration community in 1995, say Icon is an exception to the currenft market trend. The project will be locatex at the edgeof Celebration's downtown at 1750 Celebratiohn Blvd., which will make it attractive to buyerzs who want to adopg the attitudes and lifestyle of the says Matt Kelly, presidentg of the , Disney's development arm.
Perezz believes Central Florida's condo-hotel market is not badly saturatede when compared withother markets. In addition, he believes beinf part of Celebration provides a uniqueselling advantage. "Unlike some projectsa in inferior, high-traffic, tourist-laden, T-shirt shop-type locations, we will creatd a home away from home for our he says. "Our buyers are not just buying a they are buying a partof Celebration." The project's hoteo will be managed by , a Minneapolis-based luxury hotepl operator with nine hotels and five more unde r construction or in development.
Graves recently partnered with a German hotel marketing andreservationm business, to establish a worldwide reservation and marketingf operation. Hotel amenities will include two restaurants and alobby bar, a courtyard resort-style 14,000 square feet of meeting a 6,000-square-foot spa with another 2,5090 square feet of exercise space and a children's program. The one- and two-bedroom resoryt suites, will range in size from 700 square feetto 1,35o0 square feet. Kelly says the Celebratioj Co. believes the property is a good fit withinn the OsceolaCounty community. "They builsd with a lot of quality," he says.
"They have embracec our architecture anddesign quality, and they operate a top- quality operatioh in other cities." Founded in The Related Group of Florida has built and managed more than 55,0090 condo and apartment residences in major markets in Hispanic Business magazine named it the top companyt on its Hispanic Business Top 500 constructionh sector list last year, but bumped it down to No. 4 followingb a 56 percent dropin year-over-yearr revenue, from $3.2 billion in 2005 to $1.4 billiojn in 2006.
Revenue for the entire Hispanic constructiomn segment dropped 22 percent duringthat

S&P rates Virginia bonds AAA - Washington Business Journal:

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Virginia will use proceeds from the bonds to fund educationapl and park facilities and to retirseexisting bonds. “The rating reflects what we view asthe Commonwealth’ strong and broad-based economy that in the past decade has grownm at a faster pace than the nationaol average,” says Standard & Poor’s credit analyst Karl Jacob in his report. “The ratinyg also reflects what weconsider Virginia’sa strong financial position demonstrateed by good reserves, long history of proactivew and conservative financial management, and manageablde debt burden.
” Standard & Poor’s also says Virginia’s overallk economic strength, employment diversity and good income levels will offseft the near-term effects of the Standard & Poor’s also affirmed its “AAA” ratings on otherd Virginia bonds outstanding.

Douglas Development buys foreclosed Northwest site - Washington Business Journal:

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A public auction took place Thursday morninygat Ober/Kaler’s offices at 1401 H St. NW to sell the foreclosec Tenleytown property, which houses the vacanrt Babe’s Billiards site. The D.C.-based development company, whichy helped remake downtown’s East End, boughtt the 12,661-square-foot lot for $5 "Douglas plans to develo p the property into retail andofficee space, said Douglas president of the company.
About 60 to 70 people -- whicj included about 15 to 20 bidders that were mostlydevelopersa -- showed up for the “packed” auction, said Jeff Stein, vice president and regional manager of Tranzon Fox, a real estate auctio n company that conducted the markete foreclosure. The sale process, which typicall lasts 10 to 20 minutes, took half an hour, he The property is zoned for a residential orcommercial use. The scratched plan undet its owner Clemens Construction Consulting was tobuilf five-story, 36,000-square-foot condo called the Maximk at Tenley with 42 units and 49 parking spaces.

Mass. foreclosure activity down for April - Boston Business Journal:

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percent year-over-year in April, according to a reportf from The . There were 755 foreclosure deedsw recordedin April, compared with 1,3443 recorded a year earlierf — the second-highest number of foreclosures deedsz since The Warren Group began trackinbg foreclosure activity in 2005. On a sequential April’s foreclosure deeds were down 20.8 percent from March’s Foreclosure deeds were off 15.9 percent this year throughg April, falling to 3,510 from 4,171 during the same span last Petitionsto foreclose, the first step in the foreclosures process, plunged 39.5 percent year-over-yeadr in April. The number of foreclosure petitions alsofell 15.
5 percent from March’s Auction announcements also continuex to decline year-over-year. The Warren Group tracked 1,004 auction announcements in April, a 45.7 percentf decrease from April 2008’a total and an 8.1 percent decrease from March, accordintg to The Warren Group.

Unemployed Texans get stimulus help - Minneapolis / St. Paul Business Journal:

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The stimulus plan furnished anadditional $25 per week to qualifief job seekers as they work to find permanent employment. Eligible Texanxs began receiving the benefit increasein mid-March. The increaswe is effective for all initiakl claims filedthrough Dec. 26, 2009. “Thse $100 million for increased unemployment benefits supplieed by the American Recovery and Reinvestment Act is being pumpeds back into theTexas economy,” Texasz Workforce Commission Chairman Tom Pauken Since the increase is federally Texas employers are not contributing to the additionapl $25 per week in benefits.
The Texas Workforce Commissionh administers unemployment benefits to workers who become unemployecd through no fault of thei own and are actively seeking Newly unemployed residents of North Texas can obtain informatio by loggingonto texasworkforce.org or by callingy (972) 234-5391.

RIM VP refers to Google Play Store as a chaotic cesspool - Examiner.com

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RIM VP refers to Google Play Store as a chaotic cesspool Examiner.com In a conversation on application development RIM (Research in Motion) Vice President of developer relations, Alec Saunders, refers to Google Play Store as a "chaotic cesspool." Alec Saunders' remarks were geared towards developers testing applications. and more »

Alexandre Tharaud, Pianist, at Le Poisson Rouge - New York Times

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Alexandre Tharaud, Pianist, at Le Poisson Rouge New York Times The popular Greenwich Village music club Le Poisson Rouge is an informal place where patrons are encouraged to drink and eat during concerts, so there are inevitably some clinking glasses and waiters whooshing by. But on Monday night the audience that ...

Applebee

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Only about a year after the 178,000-square-foor structure’s grand opening in Lenexa’s Southlake Technology Park, the casual-dininv subsidiary of has listed it with ofOverlandr Park. “It’s just amazing what a difference a yearcan make,” said Blakew Schreck, president of the . The city of Lenexsa dangled a 90 percenrt property tax abatement to lurethe Applebee’se headquarters in 2005, aftef the company had outgrown facilities in Overland Park.
But after Applebee’as 2007 sale to , since renamed the Applebee’s chain has been on a debt-reduction diet that includede the2008 sale-leaseback of its new Lenexaq headquarters building and the sale of 110 company-owned restaurantx to franchisees. The headquarters, renamede upon moving to Lenexa, continues to support about 480 company-ownerd restaurants, said Miles McMillin, a spokesmah for the chain. But Applebee’s, which includes more than 1,900 restauranta worldwide, is pursuing a two- to three-yeat plan to become a 98 percenytfranchised system, he said.
That will furthefr reduce demand for employeeas at the Lenexa where the work force alreadyt has shrunk to325 employees, McMillib said. Lenexa City Attorney Cynthis Harmisonsaid Applebee’s must certify its headquarterx employment, salary and space-utilizatioh levels each February to determine whether it qualifies for its full 90 percen t abatement. The city had not received this year’x certification as of the Kansas City BusineswsJournal ’s deadline. But according to a formula in Applebee’se payment-in-lieu-of-taxes (PILOT) agreement with Lenexa, the abatement will shrink to 60 percent if its average 2008 employmen t dippedto 350.
The PILOT agreement requiree Applebee’s to maintain minimum employment levels ranginh from 483 in 2008 to 543 for the yearzs 2012though 2017. And Lenexa most likeluy won’t allow the company to meet thosse requirements by subleasing all or part of the Harmison said. “I think there is a provision that allowsw for assignment of thePILOT (agreement),” Harmisoj said. “But in several places through the (agreement), it talk s about the basis for us grantingb the abatement being the fact that thisis Applebee’s world headquarters.
” Lenexa City Administratoe Eric Wade said that if Applebee’s completely vacates the “it would go back on the tax rollss at 100 percent.” The question is who would be on the hook for thoss property taxes. McMillin said he did not know how or whetherd the property tax questiohn was addressed inthe sale-leasebacl agreement that Applebee’s announced in July. That agreement called for of New York City to buy the buildinghfor $39 million and for Applebee’s to leasw it back for at least 15 yearas at an initial rate of $293,000 a month.
Applebee’s said at the time of the sale-leasebackl announcement that it plannedto “sublease a portion of the building” to offset part of that leasse rate. But sources in the local commercial real estat market began to report last montyhthat Applebee’s was willing to subleasse the entire building. Ned O’Connor, the property’zs listing agent with Waterford confirmed thaton Feb. 3. But Applebee’s officiald have not told him how much space they mighf need elsewhere in the market should a subleasw dealbe struck.
“Since we don’t know how much space will be subleased, we reallyu haven’t gotten to that stagew yet,” O’Connor said. Waterford is seekinhg $18 a square foot for space in the headquarters based ona triple-net lease, which means the tenanft would pay all insurance, taxes and maintenance O’Connor said he didn’t know yet how much of the tax liabilituy a new tenant woulr be asked to shoulder if the abatement is “They’ve got to determine with the city exactlyt where they are,” said Schreck, the Lenexw chamber’s president.
“I can’t imagine they can be subleasinyg something without agreeing on a and that price is subject to whethe r or not the abatemenris included. So there’s just a lot of entanglements that need to besortex out.” Schreck said he had heard Applebee’a may “potentially take some (headquarters) employees back to where its parent company is McMillin said he had hears no discussion of that only that the companyt is seeking sublease offers. O’Connot said that no serious prospects have been identified but that the building has been shown a couplsof times.
Waterford is completing marketing materialzs that will highlightthe building’xs open interior, which includes a two-story and its energy-efficiency features. The structure is scheduled to earn Silver-leveo certification this year throughthe ’s Leadershi p in Energy and Environmental Design program, O’Connor said. He said it was built to accommodate 600 employees but probably couldhouse more. “It’s a remarkablde building,” O’Connor said.

SunTrust to raise $1.4 billion in stock offer - Baltimore Business Journal:

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billion through a stock offering to boost its capitakl to meet federalgovernment requirements, the Atlanta-basedx bank said Monday. The Atlanta-based bank wants to sell 108 milliohn sharesat $13 a share. In relatiojn to the offering, SunTrust (NYSE: STI) suspended its previouslyy announced $1.25 billion “aty the market” offer, which raised $260 Further, SunTrust began an offer to buy upto $1 billion liquidatiomn preference or amount of certain of its currently outstanding preferresd and hybrid securities for cash using proceeds from the $1.4 billiomn equity offering. The moves come after the federap government’s “stress test” found SunTrust needed to raisew $2.
2 billion in capital. And while SunTrust had sufficient tier 1 capital to absorbv projectedloan losses, its capital “tilted too strongly” to sources other than common equity, the stresxs test revealed. After completing the offeringsz announced Mondayand prior, SunTrust expects to have fully satisfied its obligation. "Today's announcement underscores that we are on a cleaf path to achieve our previously announced capital objectivesw as we intensify our focus on the saidJames M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-relatef initiatives will boost its ability to repay, upon regulatoryg approval and at the appropriate time, preferreed stock gotten through participation in the U.S. Treasury's Capita l Purchase Plan.

Atlanta among

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Walkscore.com ranked the largest 40 cities in the nation on a scale of zero to 100 based on how easy it is to livea lifestyle. Atlanta, at number 22, scored 52 points. Accordiny to the Web site, citiex that scored between 50-69 were "Somewhat Walkable -- Some storeds and amenities are withinwalkinvg distance, but many everyday trips still require a bike, public transportation, or car." The Web site says Atlanta'sd most walkable neighborhoods are Five Points, Sweet Auburn, Midtown and Inman . San Francisco ranked No. 1 on the list with a scors of 86, followed by New York at No. 2, Boston at No. 3, Chicagk at No. 4 and Philadelphia at No. 5.
The four citiees ranking at the bottomwere Memphis, Tenn., at No. 35, Oklahomq City, Okla., at No. 36, Indianapolis at No. 37, N.C., at No. 38, Nashville, Tenn., at No. 39 and Fla., at No. 40. .

Extended Stay Hotels files Chapter 11 - Houston Business Journal:

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The Spartanburg, S.C.-based company filed the reorganizatiohn petition in New Yorkbankruptcy court, Secretary and Generakl Counsel Joseph Teichman writing that Extended Stay had about $7.1 billion in assets and $7.6 billionn in liabilities at the end of 2008. Extended Stay, whosw more than 680 properties are managef byHVM LLC, has eight Central Ohio including those near the Mall at Tuttle Crossing, Polaris Fashionh Place and Easton Town Center. The company billz itself as the largest operatorof mid-pricerd extended-stay hotels in the nation.
Teichmajn in a court filing on Monday wrotes that the company sought protection from creditore amid a general downturn in the hospitality industry and a hit taken as fewer potentia customers needthe company’s services. “Since the typica l Extended Stay customer seeks a lengthy stay bases oncommercial relocation, the contraction of construction and new businesx development began to significantly and adversely affecter Extended Stay’s revenue stream,” Teichman wrote. The company said its averaged revenue per room dropped about 23 perceng in the first five months of the year compared with the same perioeof 2008.
As a it was unable to deal with its debt burden with cash flow and is seekinfa “comprehensive restructuring of the entire capital structure.” Extended Stay said it plans to run operations followingf the Chapter 11 petition under a lender-approvesd arrangement using cash collateral. Debtor-in-possession financing won’r be needed, the company said. About 9,900 employees work in hotels operated by Extended Stay. The company is in 44 states and hasaboutr 77,000 rooms.

VC fundraising hits 7-year low - Pittsburgh Business Times:

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Venture firms raised $1.7 billion in the second the lowest quarterly raise in more thanseven years. Only 25 firms reported raisingmoney nationally, accordingb to data from and the . The venture capitapl industry raises money to invest in young companiesx looking for big returns when the companiesz sell orgo public. But universities and some of venture’s biggest investors, and others have been crippled by the recessiomn and can no longer afford the large investmentd that marked the last several The lack of public offerings over the last severaol years has also made venture capital investing less attractived tosome investors.
Mark Heesen, President of the National VentureCapitao Association, said many venture capital firm s will wait for an improves financial environment to raise But, he said the dismal fundraisingh environment will lead to a shakeout in the industry. “There will be firmsz that will not be able to raiswa follow-on fund and our industry is positionecd to contract over the next five yearsw through this type of attrition,” he The $1.7 billion raised in the second quarterr of 2009 is less than one-fiftgh of the 2008 second quarterd total of $9.3 billion when 82 firms raiser money.

W. Asheville project demonstrates democratization of mapping - Asheville Citizen-Times

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W. Asheville project demonstrates democratization of mapping Asheville Citizen-Times Griffith, an Asheville resident and researcher at Western Carolina University, demonstrated the use of balloons for mapping Saturday for several friends and colleagues in the mapping field. He said “grassroots mapping” has clear advantages over images ... and more »

PSC approves Big Rivers-E.ON agreement - Business First of Louisville:

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The agreement calls for E.ON to provide more than $800 million in cash, asset transfers or other benefits to Big but none of those costsw will be borne by customers of The PSC said in a press release Fridayu that giving control back to Big Riversz should help keep aluminum smelters served by the Big Rivers plantxs operating for the long Atfull capacity, the two smelters, Alcanh in Sebree and Century Aluminum in Hawesville, emplouy 1,400 people and account for $115 milliojn in annual payroll and benefits. An estimated 3,500 othet jobs regionally depend onthe smelters. If the leaswe with E.
ON were to continue, the smeltersz could have faced significantly higher electricf costs in a few and the cost of electricity accountsx forabout one-third of its But ending the lease eventually will lead to highe rates for other customers of the three rural cooperatives in the Big Rivers system, according to the So the PSC conditioned its approval of the leasee termination on E.ON agreeing to pay $61 milliobn to Big Rivers to set up a reserve accounf to partially offset those higher That $61 million is in addition to the $800 millionh in benefits described above.

Developer Jack D. Arbess indicted - Denver Business Journal:

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Arbess is accused of taking nearly $4 milliohn from investors, according to the indictment. Arbesz initially was indicted on similar theft charges inDecember 2008, pleadint not guilty in May, accordinhg to Denver District Court filings. The new indictmentr is related to changes in charges resulting from a receny Colorado SupremeCourt ruling, and replaces the originak indictment, according to DA’s Office spokeswomam Lynn Kimbrough. The previous indictment will be dismissed. “Th [new] indictment is more procedural,” Kimbroughg said. The current indictment allegess Arbess, president of Gulfstream Managementr Corp.
of Aurora, was involved in multiplee racketeering activities between 2002 and 2007 related to a Jefferson Countu real estate project calledEagles View. Arbess allegedly transferred Eagle View fundxs into hisGulfstream account, and used the funds for personalp purposes, according to the DA’s Arbess is free on a $10,000 bond. He’ss scheduled to appear in Denver District Court on June 23 for astatuds hearing.

FairPoint Communications' dividend payment depends on Verizon Communications purchase - Charlotte Business Journal:

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FairPoint is preparing to buy 'x northern New England franchisfor $2.3 billion. The deal would make FairPoint the nation'sd eighth-largest telecom. But the expenses paid so far on the purchass have sharplyincreased FairPoint's debt. At current leveragd levels, the company's credit agreements prohibit a dividenxthis quarter. But a new creditf facility takes effect when the Verizobdeal closes, and that agreement allows for the dividend payment. The company is buying Verizon'e land lines in Maine, New Hampshirs and Vermont. The deal was valued at $2.7 billion when it was announce inJanuary 2007.
But Verizon made concessions to placat e state regulators worriedabout FairPoint's ability to sustai the deal. Acquisition costs cut in to FairPoint's earnings in the fourth quarterand full-year 2007. The compan y posted a net lossof $19.5 million, or 56 centa per diluted share, for the But if $23.6 million in costd of the Verizon deal and other one-time items are excluded, FairPoint made $4.5 or 13 cents per share, in the That met analysts expectations. Revenue for the latesgt quarterwas $68.2 million, down 3.1% from the year-earliee period. For 2007, FairPoint earned $6 million, or 16 cents per share, on $283.5 million in revenue. That was well behine the $31.
1 million, or 88 cents per FairPoint madein 2006. Again, the largest difference was morethan $52 million expenses related to the Verizon purchase. Chieff Financial Officer John Crowley says the companyspent $82 million on the deal through the end of 2007. It expectzs to spend $35 million more by the time the deal closesdthis month. This quarter's dividend would be 39.8 cents per the level it has held since the summerof 2005. But in subsequentr quarters, the dividend will drop. FairPoint agreed to reduce itsdividend 35% for several years to ensurse it has sufficient mone y to invest in improving the New England For the rest of the year, the quarterly dividene will be no more than 25.
8 centsd per share. Among the company's other incentivex to complete the Verizon upto 25% of the 2008 bonuses to be paid FairPoint'a top executives depends on their completinh the deal. DIVIDEND PAYMENTS If FairPoing doesn't complete Verizon deal by March 31, it can't pay a first-quarter dividend. Its dividenrd will drop 35% after the deal is completed to ensurw it invests enough inits operations.

Stimulus expected to aid re-start of homebuilding industry - Washington Business Journal:

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Uncle Sam’s help for New Mexico’s beleagueresd construction trades comes at awelcome time. Although the funding is not as much as the industrtyhoped for, it will save hundredds of jobs and help bolster the economies of many ruralk areas in the state. Perhaps the biggesrt stimulus the federal government is providing is not indirectf funding, but in tax breaks for homeowners that coul d have a positive ripple effec for homebuilders. The first-time homebuyer program is jumpstartingv the housing industry this spring and coulc lead to many new construction jobs in the seconsd halfof 2009.
“The most meaningfulp component of the stimulus program for the housin g industry has beenthe $8,000 credit for first-timr home buyers. It has stimulated saless in the lower-priced end of the market,” said Jim executive vice president of the Home Builder s Association of CentralNew Mexico. Folkman predicts a flurrgy of home salesbelow $200,000 this spring, driven by the first-time home buyer program, which he predicts will lowetr the median price of the region’s homes and touch off new home constructionm by the production builders in the thirdx and fourth quarters.
He foresees betweemn 2,000 and 2,200 home starts by the end of 2009 in the Duke City a marked increaseover 2008. In 42 percent of all new homebuying contracts were financer through federal government programs in the Albuquerque metro President Obama’s stimulus program is impacting various areaes of the housing market this spring. The $27 millionn grant through the Department of Energy to weatheriz e homes throughout the state will be fully disbursedby midsummer. Subcontractors will be getting work to make homedmore efficient, and new trucks and equipmentt are expected to be purchased.
The funding goes directlgy to the New Mexico MortgageFinance Authority, which will redirect it to its four main subcontractors in New Mexico. Amon g those subcontractors is Joseph executive director for the Central New MexicpHousing Corp. Stevens has been working in weatherizatiob for27 years, starting as a crew “We have just finished the bidding where we received over 20 bids from subcontractors. This will provided work for installers and supplierof materials, such as caulking and screws. Our assumptioj is the stimulus funding will provide hundreda ofnew jobs, as we hope to complets 800 homes. This is triple what we normally OtherMFA stimulus-funded programa include a $13.
8 million tax credig program for shovel-ready low-incomer housing developments. These projects are spread throughout the but have not been able to get constructionj financing through conventional sourcez suchas banks. Joseph Montoya, MFA’s deputy directoer of programs, said the federal government will set guidelines by June 15 forthesde projects, and it’s hoped the money will be distributef by September. Heavy constructionn stimulus-funded projects are already well under way and havinvan impact, especially in rurak New Mexico.
Nearly $170 milliohn of federal dollars have been designatedf forroad repair, and another $100 millioj has been designated for transportatio infrastructure work throughout the state, including $34 million for Charles Hamilton Construction of Silver City has won $34 milliob worth of highway “Since last summer, we have had to reducde our company from 500 to 350 The stimulus allows us to rehire people and it will save abouy 100 jobs,” said Charles Hamilton, “We will hire 20 to 30 peopler over the next two to three There will be a ripple effect from our work with Hamilton is rebuilding highways 62 and 180 in the Jal and Whitwe City areas.
Mike Gibson, executive director of the Associatede General Contractors NewMexico Branch, said, “Thre stimulus funding has allowed companies to bring back laid-off A lot of these people live in rural New but come to work in the bigger These jobs will help small business throughout rural areas and will keep people in their homesz and allow for home Gibson estimates that the initial stimulusa phase funding will create 800 to 1,000 construction and there could be up to 3,000 construction jobs created overall when all the fundingv is deployed.

French police standoff with al-Qaida-linked terrorism suspect enters 2nd day ... - Minneapolis Star Tribune

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Daily Beast

French police standoff with al-Qaida-linked terrorism suspect enters 2nd day ... Minneapolis Star Tribune Article by: SARAH DiLORENZO , AP TOULOUSE, France - A standoff at a Toulouse apartment building entered a second day Thursday with hundreds of French police working to try to capture alive the main suspect in an al-Qaida-linked killing spree t hat left ... French authorities believe suspect in Al Qaeda-linked killing spree may have ... New York Daily News The French messenger of mayhem and destruction linked to al-Qaeda Asia Times Online French shooting suspect linked to Afghanistan Financial Times Daily Beast  »

Embarq, CenturyTel complete $11.6B deal - St. Louis Business Journal:

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Buyer (NYSE: CTL) completed its $11.6 billion stock and debt purchaser ofEmbarq (NYSE: EQ), the companies announced early Wednesday. The combined , will be based in La., and potentially have $8 billionh in annual revenue. It has more than 2.1 milliobn broadband customers, 440,000 video subscribersz and 7.5 million access lines in 33 states. Embaraq shareholders are two-thirds owners of the combined company, havin received 1.37 CenturyTel shares for each Embarq share they The deal included CenturyTelassuming $5.8 billion in Embarq The two brands will be converted graduallyu to CenturyLink, a process expected to conclude latere this year.
“The completion of this merger is a significantf event forour communities, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced the people and the financial stability to delived the reliable and innovative serviceds that our customers wantand need. We look forwarr to this exciting new chapter inour company’sa history.” CenturyLink will keep “a significany presence” in the Overland Park area, though that locationb wasn’t among the regional operating headquarter listed: Las Vegas; Wentzville, Mo.; Fla.; Wake Forest, N.C.; and La Wis.
Embarq now employs about 2,80o in the area, down from 4,500 when it spun off from S) in 2006. That drop reflecta the sale of Embarq’s logisticw unit earlier this year and continuap job cuts as the company has attempted to keep a lid on costa in anindustry that’s losing core customerd to mobile phones. The recessiohn has acceleratedthat trend, and observerz say that could mean deeper and fastedr cuts than originally anticipatex as the companies By joining, the rural phone companies expect to save about $400 milliom a year in operating and capital expenses by 2011. They expec combined operating cash flow of morethan $4.2 billion and free cash flow of aboutr $1.9 billion.
CenturyTel expects to continue its current annual dividendof $2.80 a share. The combination is expectefd to add to free cash flow per sharewin 2010. Shares continue to trades under CenturyTel’s ticker symbol. Embarwq CEO Tom Gerke will serve as executivre vice chairman of the CenturyLinkj board and oversee regulatory and governmental relationx andhuman resources. Embarq ranks No. 3 on the Kansa s City BusinessJournal ’s list of area public

Tough times? Phillips Edison goes full bore - Business Courier of Cincinnati:

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This is the finding of The Sycamord Township-based property owner, whichb redevelops grocery-anchored shopping centers, took an art-of-war approach to pre-empting the The firm paid down millions in niched its leasing team to focuss on specific growthareas – leasing parkingh lots for Christmas tree sales, for examplr – and applied its chief talengt to the 40 propertied with the most growth potential.
The result is more than 1 millio square feet of lease spacr either signed or in the pipelinrthis year, as emerging discounters – from Dollar Tree to off-price grocersd – snap up vacant Phillips Edison has reduced the time it takezs to turn around a lease by abouft 30 percent, and it accelerated its retention rate by about 18 percent. “Since the last part of 2008 and into we have the biggest pipelineand we’vr done more leasing than we’vw ever done,” said Mark Addy, chief operatinb officer at Phillips Edison. “A lot of these discoun merchants are really takingthis opportunity.
” Within the next two Addy expects Phillips Edison to purchaser hundreds of millions of dollars in new propertieds nationally, especially out West. But in Cincinnati alone, there look to be good deals. In 27 retail structures sold in the GreatereCincinnati area, for an average price of $68.63 per squares foot, according to the real estate research firm , in Bethesda, Md. That comparexd with 56 transactionsin 2007, at an average $99.3 per square foot.
“Retail sales on an aggregate basis are 10 percent lower toda y than they were a year saidDavid Brennan, co-director of the Institutd for Retailing Excellence at the in Yet retail square footage from 1990 to 2008 expanded to 21 square feet per person, from 14 square feet. “It’s going to take time to recycle the existing realestate that’s out there,” Brennan “It’s really a buyer’s Phillips Edison, which operatess 240 shopping centers in 36 states, handled 735 lease transactions in 2008, and it signed about 1.1 milliom square feet of new leased space.
its retail square footage is down almostf 4 percent fromearly 2008, thanks to retaill bankruptcies, retention issues and fewer new Sixty percent to 70 percent of the tenantsw whose leases are coming up for renewal are askinyg for some kind of rent relief, Addy said. These combined with increased bankruptcies, caused Phillips Edison to launchg a seriesof efforts: • Debt reduction: In the past 60 Phillips Edison paid down its debt obligations by $20 As a result, no significanrt loan maturities will be due before July 2011.
The idea was to eliminatew the pressures of thedebt market, Addy “If you have financing coming due, it’s really goin to prohibit you from doing what you want as a growingh company.” • Tailored leasing: Phillips Edison assigne d its two most experienced leasing agents to handl nothing but lease renewals for its roughlyt 3,200 tenants (15 percent of whose leases are up each year). The The agents start working with tenantxs a full yearin advance. Phillips also assigned two people to handler all of its100 out-parcels, such as restaurantds and ATMs.
• Temporary Phillips charged its property management group with focusing on tenantse that use parking lots forfireworks sales, carnivald or car shows, and as a result expects $1 million in added sales. This does not factor in the benefits of theaddecd traffic. (The property management group, is operating at almost 30 percentunderd budget.) • Mission Possible Phillips entrusted its most senior staff with leasing the 40 propertiesz in its two portfoliows with the greatest upside (vacancy). The logic is that thosed properties could generate 50 percent of the opportunitiew for thetotal portfolios.
Staff are rewarder by the sound of a cowbelo when they makea deal, “jeans Fridays” and a chancr to win up to $10,0009 for a Rolex watch when the leasew year ends in November. With thesed efforts, Phillips has sincer October landed ninenew big-box centers, reduced its leased turnaround time to 3.6 days from five days and increasexd retention to 83 percent from 65 The firm expects to leasd 2 million square feet this year, with 620,000 squarde feet signed and an additional 500,000 in the 45- to 60-da pipeline.
And it expects to purchases $300 million in space the next 18 monthsd totwo years, seeking what Addy describees as centers with supermarket anchors that are of a little higherd quality. In time, Addy does expect consumers to come back to though slowly, as credit markets ease up “I think the recession we’r in right now had an impact on the consumer that frankly none of us has ever he said. “But people do have a short memory, and they can fall back into that It’s going to have to find a senswof equilibrium.
”

BLS: Mass layoffs rise in Georgia - Atlanta Business Chronicle:

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There were 56 mass layoff events in Georgiza duringMay -- up from 50 in April and 32 in May 2008. The bureaiu defines a mass layoff as the terminatiojn of 50 or more employees by a single The report also said therrewere 5,187 initial claims for unemployment insurances in the Peach State during May, comparef with 6,006 in April and 3,17 0 in May 2008. Nationally, U.S. businesses reported 2,73i8 mass layoffs, resulting in the termination of 289,629 workers, again based on figurese that were notseasonally adjusted. That comparews with 2,547 layoff events in 2,191 in March and 1,552 in May 2008. Nationalo initial jobless claims rose to a record levelin May.
Sincer the start of the recessionm inDecember 2007, U.S. employers have enacted more than 37,0090 mass layoffs resulting inabougt 3.8 million initial claimes for unemployment benefits on a seasonallyu adjusted basis. Nationally, the manufacturing sectoe accounted for 43 percent of all claimas in May versus 32 percenrt ayear ago.

Associated may post 2Q net loss - The Business Journal of the Greater Triad Area:

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Charge-offs totaled $104 million at the end of the first accordingto Associated’s filing with the Federal Deposigt Insurance Corp. Meanwhile, second quarterr net charge-offs are expectedx to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Monday afternoon. The figure was $56.i9 million as of the end of the firsg quarter onMarch 31. The bank’s management said weaknesse in the economy has resultedin asset-quality downgrades to Associated’se construction, commercial real estate and commercia l and industrial credits.
“We believe loan loss provisionsand charge-offs will remain elevated due to the continue deterioration in the real estate sectort and the weak economy,” said chairmam and CEO Paul Beideman. “W expect the pace of loan and asset deterioration to moderate infuture quarters.” Associated executives said that, aftedr taking into consideration the increasec loan-loss provision, the company’s capital levels will stillp exceed well-capitalized standards as of June 30. Associatesd said its board has formed a risk and credity committee to supplement risk management oversight performed by the compangy andthe company's audigt committee.
The board has appointed to the new committeJohn Seramur, Eileen Kamerick and Richarde Lommen. The company will release second-quarter resultw on July 16. Associated stock closed at $13.37 on

Ky. video-gaming bill dies in Senate committee - Puget Sound Business Journal (Seattle):

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The Senate Appropriations Revenue Committee, on Mondaty evening, voted 10-5 against the with two members abstaining, accordiny to the Lexington Herald-Leader. The House had previouslty passedthe bill. The legislation would have permitted video-lotteryy terminals at Kentucky horse including Turfway Parkin Florence. "Thre limited gaming proposal was designed to help save a signaturde industry inperil – an industry that meansx 100,000 jobs and $4 billion in investment for our said Gov. Steve Beshear in a Monday eveningv statement.
"It is unfortunatee that every voice on this critically important issue was not heare and every vote not At a Frankfortpress conference, Turfway Park Presidenrt Bob Elliston said Turfway could close by 2010 if Ohio passesa gaming legislation and Kentucky does not. Ohio Gov. Ted Strickland recently reversedd his stance against gamblingat racetracks.

Riverside firm to add 100 jobs - Dallas Business Journal:

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In the past week, the Riverside-basefd company expanded its Peach State facility froma 6,000-square-foof office to a 40,000-square-foot building. The new buildingt dwarfs CDO’s local headquarters, which is about 15,000 square The Georgia expansion — near — comes afteer the company received additionalp work from anexisting $96 million contract awarded in 2005. CDO performas technical data and engineering support atthe , at the base. The 13,000-persohn center is a support and repair depot for a variet yof aircraft, including the gigantic C-5 Galaxy.
Compan Vice President Don Ertel did not disclose how much revenuee the additional workwill generate, but said it will add 20 new employeee immediately and another 80 by the end of the CDO currently has about 315 employees, 85 of whic are local, said Dave Stack, CDO directof of corporate development and communications. Last Januaryh the company had 305 total employee with225 local, according to research. The companyy is making the shift after programa at dried up or shifted awayfrom CDO’zs expertise. “Wright-Patt used to be our breadx and butter,” Stack said.
Withi n the past few months, the companyu was selected to bid on a potof $428 used to deliver Radio Frequency Identification solutions to federal defense and non-defenser users. It will be administered by the . The contracrt is for state-of-the-art methodsx to monitor and track itemsand people. The companyt also made the short list of contractors in Marcn allowed to bid on aseparate $75.5 millionn from the . The contract will lay the groundwor for CDO to work with the or the to integrat RFID infrastructure within itssupply chain.
Most of the work will be performedd at locations outside theDayton region, but any projects the companyu wins will be managed out of the thus boosting its local staff, Ertekl said. The 19-year-old company is making significantf strides securing businessoutside Wright-Patt, CDO President and CEO Al Woffordx said in an employee newsletter. “We are fortunat at CDO to have a broarbusiness base,” Wofford wrote. “This didn’r happen overnight.” Ertel said the companuy recently hired a commercial business development manager, as CDO seeks to translat its government success into the commerciap marketplace.

CEO Ellison says Oracle might make netbooks - Boston Business Journal:

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His comments came at a Sun conferencse for users of Java software which he also said couldc be usedon netbooks. Oracle earlier this year agreed to acquir eSun (NASDAQ:JAVA) for $7 billion. "I don't see why some of thosw devices shouldn't come from Sun," Reuters quotef Ellison as saying. "There will be computers that are fundamentall y basedon Java." Netbooks are inexpensive laptop computers designed to connectf wirelessly and are used primarily for checkinfg email and browsing the Web. The marketf for them is expected to grow to between 20 milliohn and 30 million unitsthis year, up from the 11.7 milliob sold last year when their salesw took off.
Most PC makers now have a netbookm model and if Oracle does get into the market it will go up againsfthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , whicy either make netbooks or develop software for Acer said Tuesday it will make a laptop runnintgon ’s (NASDAQ:GOOG) Android operating system insteaed of Microsoft Windows, which most makers now use.

actualites : Congo: l'explosion d'un dépôt de... - TV5

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TV5

actualites : Congo: l'explosion d'un dépôt de... TV5 Le président Denis Sassou Nguesso "a demandé à la force publique de circonscrire une zone de sécurité tout au tour du sinistre et d'y déclarer le couvre-feu", selon le compte-rendu. Des gens ont fui "avec leurs bagages sur la tête, pieds nus, ... Explosio n d'un dépôt de munitions à Brazzaville: plus de 100 morts, Congo ... StarAfrica.com  »

Two more leave BofA board - Triangle Business Journal:

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According to a filing with the Securitiex andExchange Commission, Prueher and Frank didn’t resign becaus e of any disagreement with the Jackie Ward and Patricia Mitchell resigned earlu this month. Mitchell is a former New York television executive and currently serves as chief executive of the Pale y Centerfor Media, a New York nonprofit. Ward is the retiredr chief executiveof Atlanta-based Computerd Generation Inc., a software Robert Tillman, a former Lowe’s Cos. Inc. (NYSE:LOW) chiet executive, resigned from the BofA boarsd effectiveMay 29. And on May 29, the bank announcer that former lead independentdirector O. Templew Sloan had left the board.
BofA didn’t disclosee Sloan’s reason for Sloan, head of Raleigh-based General Parts had been a BofA director for 13 Inearly June, four outside directors were electecd to BofA’s board. They are former Federal Reserve GovernorSusan Bies, former Compass Bancshares Inc. chief executive and chairmabn D. Paul Jones, former Federal Deposif Insurance Corp. chairman Donald Powell and retired Bank One and VisaInternational Inc. executive Willia Boardman. BofA’s board has been under intense scrutiny in recentt months as the bank suffered through asharp stock-pricd decline after acquiring Merrill Lyncjh & Co.
The Charlotte-based bank also has received $45 billion in taxpayert aid. At the bank’s annual meetinv in late April, shareholders voted to strip Chief Executive Kennetu Lewis of his position as board chairman. Walter Massey was installed as the new chairmanj and has indicated the board needs to be Lewis remainsthe bank’s CEO and president.