Wednesday, May 30, 2012

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.

Tuesday, May 29, 2012

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...

Sunday, May 27, 2012

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, ...



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Saturday, May 26, 2012

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

Thursday, May 24, 2012

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 ...



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Wednesday, May 23, 2012

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.

Monday, May 21, 2012

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.

Sunday, May 20, 2012

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.

Friday, May 18, 2012

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 ...



Thursday, May 17, 2012

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

Tuesday, May 15, 2012

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

Sunday, May 13, 2012

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


 »

Saturday, May 12, 2012

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.



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Thursday, May 10, 2012

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 .

Tuesday, May 8, 2012

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.

Monday, May 7, 2012

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



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Saturday, May 5, 2012

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," ...



Thursday, May 3, 2012

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.

Wednesday, May 2, 2012

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.