http://www.phonesblog.org/looking/the-iconic-nokia-n95/
Standard & Poor’s said Hawaii is “exhibiting decidedlyu recessionary trends,” and that its dependence on tourisjm to drive the local economy could mean the stat e will be more severely affected bythe recession. “Ther negative outlook assigned to HEI reflects the potentiap for consolidated credit metrics to fall below our benchmarks over our outlook horizon dueto Hawaii’s weakeninv economy, which is expectedf to lower electric sales by 4 percengt or more and put upward pressure on borrowinh requirements,” S&P said. , a subsidiary of HEI, is ratexd on a standalone basis and is not affecterd by thelowered outlook.
Sharess of Hawaiian Electric stock weredown 1.6 percenyt to $16.95.
Thursday, March 31, 2011
Tuesday, March 29, 2011
Valeant seeks to buy Cephalon for $5.7 billion - Reuters
vlastaowibopaj.blogspot.com
Valeant seeks to buy Cephalon for $5.7 billion Reuters NEW YORK (Reuters) - Canadian drugmaker Valeant Pharmaceuticals International said it has made an unsolicited $5.7 billion bid to buy Cephalon Inc that it expects to finance entirely with debt. Valeant, formed when Canada's Biovail bought US-based ... |
Sunday, March 27, 2011
Home sales rise again - Business First of Columbus:
zolinstanixes.blogspot.com
The says existing-home sales — includinbg single-family homes, condominiums and co-ops — rose 2.4 percentg from the April level. It was the first back-to-back monthly gain on such saleas sinceSeptember 2005, the associatiojn says. “Historically low mortgage rates clearly drew buyerws intothe market, and housing remainsw very affordable even with a recent uptick in says Lawrence Yun, the association’s chief economist. “First-time buyers are also beingf drawn off the sideline s bythe $8,000 tax which is helping to absorb inventory.
” The numbersz would be even better, if it weren’t for poor the Realtors association Pending sales of existinvg homes — those with signed contracts that haven’t yet closed indicate stronger activity. But some contracts are fallinvg through from faulty valuations that keep buyers from gettintga loan, Yun says. The associationm calls the appraisal problem and says complaints about faulty appraisals have been snowballing acrossthe First-time buyers accounted for 29 percent of sales in May. The numbefr of buyers actively looking is up almostf 10 percent from ayear ago. Condo and co-op sales saw the biggest gainin May, up 6.
1 percent from
The says existing-home sales — includinbg single-family homes, condominiums and co-ops — rose 2.4 percentg from the April level. It was the first back-to-back monthly gain on such saleas sinceSeptember 2005, the associatiojn says. “Historically low mortgage rates clearly drew buyerws intothe market, and housing remainsw very affordable even with a recent uptick in says Lawrence Yun, the association’s chief economist. “First-time buyers are also beingf drawn off the sideline s bythe $8,000 tax which is helping to absorb inventory.
” The numbersz would be even better, if it weren’t for poor the Realtors association Pending sales of existinvg homes — those with signed contracts that haven’t yet closed indicate stronger activity. But some contracts are fallinvg through from faulty valuations that keep buyers from gettintga loan, Yun says. The associationm calls the appraisal problem and says complaints about faulty appraisals have been snowballing acrossthe First-time buyers accounted for 29 percent of sales in May. The numbefr of buyers actively looking is up almostf 10 percent from ayear ago. Condo and co-op sales saw the biggest gainin May, up 6.
1 percent from
Saturday, March 26, 2011
Deadline nears for Anthem, Norton to strike deal - Pittsburgh Business Times:
evlampiyacyxybyw.blogspot.com
As a result, members of Anthem’s health plans will have to pay higher, out-of-networko rates to access Norton facilitiesafter today. Jim Norton’s associate vice president of managed care, said patientsz likely will have to pay the difference betweebn the amount Anthem decides to pay and the amounf Norton has asked the insurerto pay. In a statementt issued Tuesday by Anthem president Deb she said the company will provide reimbursemen for services atKosair Children’s Hospital at the rate requestef by Norton.
“Anthem is going to take parenta and children out of the middle of this dispute by payinf the member at the rate Norton has requested in its previous proposalo for services performed atKosaird Children’s Hospital,” she said in the But without a contract, patients have no safetyu net in the eventr of certain issues, such as claimds denials, Meyers noted. With no contract in patients would be responsible for appealing claims he said. “I thin it’s probably helpful, what Anthem is doing, but there’ss still a certain amount of risk that thepatieng (or caregiver) has to take into Norton has been contacted about the matter by 2,500o Anthem members.
About 98 percent of thosse were inquiring about Norton facilities and physiciansoutsidde Kosair, Meyers added. The disputs stems from Norton’s decision in December 2008 to cancel its citing administrative service problems and reimbursemenyt rates from Anthem that were not in line withothee insurers. The contract allowed either party to terminate the agreement by givinva 180-day notice. The initial contract was negotiated in 2007 and scheduled to endin Sept. 2010. Mike Lorcu vice president of health services for said the clause was includeed in the contract so providers who wished to exit the network couls do so but not to allow them to negotiateehigher reimbursements.
“If we allowed that with Norton, everuy hospital would want todo that,” he said. According to Norton requested a 20 percent increas in itsFebruary proposal. Meyers denied the claimk and said the requested increasse was less than20 percent, but he declineed to be more specific. Both parties said ratesd were set to increaseby 5.5 percent on Octobere 1, 2009, under the contract that ended June 30. Meyers said officials for Norton and Anthem met last Thursdaty to discuss anew contract, but the meeting was “not very substantive.
” Officials for both parties said Tuesday that no meetingsd were planned to take place prior to the expiratioj of the contract at Meyers said Norton now will focu on informing patients how they can continus to access Norton facilities, echoing sentiments expressed by Norton presidentt and CEO Stephen A. Williams in a statement issuedon Monday. A provision in the current and understate law, requiresx Anthem to continue to pay reimbursement s at in-network rates for patients who currently are receivinvg care, such as those who are pregnant or receiving cancer Meyers said.
Those Anthem members must contactr the insurer and obtain a form that allowws the reimbursements tobe paid, he added. Lorcbh said reimbursements will continue for these patientws at the rate under the contract that endedeJune 30, through the duration of theifr care. In addition, Meyers said, Norton is workint to inform employers and brokers oftheir options. He said Nortom would be willing to considert waysfor self-insured employers to continuw to receive in-network services.
Meyers also said Norton wantz to educate both fully insuredand self-insured employere about other managed-care options, pointing to Web site which lists insurers that have contractxs with Norton’s physician practices. In Williams’ statementr earlier this week, he said Nortoj now plans “to take some time to considetr whether it is in the best interests of our patients for us to continue working with Anthem as a business Lorch said itis “verg doubtful” that the parties will come to termxs on a new agreement without the use of a third-partyu mediator – a requesg Anthem has made on multiplr occasions.
But Meyers said mediation has not been used durinbg contract negotiations withother insurers. “There shouldn’t be a he said. “It’s not protocol, and we shoul be able to sit down at a tabls and get anagreement done.”
As a result, members of Anthem’s health plans will have to pay higher, out-of-networko rates to access Norton facilitiesafter today. Jim Norton’s associate vice president of managed care, said patientsz likely will have to pay the difference betweebn the amount Anthem decides to pay and the amounf Norton has asked the insurerto pay. In a statementt issued Tuesday by Anthem president Deb she said the company will provide reimbursemen for services atKosair Children’s Hospital at the rate requestef by Norton.
“Anthem is going to take parenta and children out of the middle of this dispute by payinf the member at the rate Norton has requested in its previous proposalo for services performed atKosaird Children’s Hospital,” she said in the But without a contract, patients have no safetyu net in the eventr of certain issues, such as claimds denials, Meyers noted. With no contract in patients would be responsible for appealing claims he said. “I thin it’s probably helpful, what Anthem is doing, but there’ss still a certain amount of risk that thepatieng (or caregiver) has to take into Norton has been contacted about the matter by 2,500o Anthem members.
About 98 percent of thosse were inquiring about Norton facilities and physiciansoutsidde Kosair, Meyers added. The disputs stems from Norton’s decision in December 2008 to cancel its citing administrative service problems and reimbursemenyt rates from Anthem that were not in line withothee insurers. The contract allowed either party to terminate the agreement by givinva 180-day notice. The initial contract was negotiated in 2007 and scheduled to endin Sept. 2010. Mike Lorcu vice president of health services for said the clause was includeed in the contract so providers who wished to exit the network couls do so but not to allow them to negotiateehigher reimbursements.
“If we allowed that with Norton, everuy hospital would want todo that,” he said. According to Norton requested a 20 percent increas in itsFebruary proposal. Meyers denied the claimk and said the requested increasse was less than20 percent, but he declineed to be more specific. Both parties said ratesd were set to increaseby 5.5 percent on Octobere 1, 2009, under the contract that ended June 30. Meyers said officials for Norton and Anthem met last Thursdaty to discuss anew contract, but the meeting was “not very substantive.
” Officials for both parties said Tuesday that no meetingsd were planned to take place prior to the expiratioj of the contract at Meyers said Norton now will focu on informing patients how they can continus to access Norton facilities, echoing sentiments expressed by Norton presidentt and CEO Stephen A. Williams in a statement issuedon Monday. A provision in the current and understate law, requiresx Anthem to continue to pay reimbursement s at in-network rates for patients who currently are receivinvg care, such as those who are pregnant or receiving cancer Meyers said.
Those Anthem members must contactr the insurer and obtain a form that allowws the reimbursements tobe paid, he added. Lorcbh said reimbursements will continue for these patientws at the rate under the contract that endedeJune 30, through the duration of theifr care. In addition, Meyers said, Norton is workint to inform employers and brokers oftheir options. He said Nortom would be willing to considert waysfor self-insured employers to continuw to receive in-network services.
Meyers also said Norton wantz to educate both fully insuredand self-insured employere about other managed-care options, pointing to Web site which lists insurers that have contractxs with Norton’s physician practices. In Williams’ statementr earlier this week, he said Nortoj now plans “to take some time to considetr whether it is in the best interests of our patients for us to continue working with Anthem as a business Lorch said itis “verg doubtful” that the parties will come to termxs on a new agreement without the use of a third-partyu mediator – a requesg Anthem has made on multiplr occasions.
But Meyers said mediation has not been used durinbg contract negotiations withother insurers. “There shouldn’t be a he said. “It’s not protocol, and we shoul be able to sit down at a tabls and get anagreement done.”
Thursday, March 24, 2011
People on the Move: June 8 - Puget Sound Business Journal (Seattle):
http://www.chippewaguide.com/book/export/html/147
in McLean announced that Mark Roberts has joined the firm as a partnert in its businessconsulting Group. Roberts’ practicre will focus on government and commercial For the past20 years, Robertx has served as a consultan and expert witness with major public accounting firms, most recently . His assignments involved regulatory issues relateed tocontract pricing, costing, profitability and Prior to that, he worked with a major aerospace and defense contractor, holding positions in accounting, finance and contractf management. Ethan Gewolb joineds Ginsberg and Helfer PLLC as a staff accountanft in the tax and management consultiny services divisionin D.C.
The Washington officwe of Arnold Worldwide announced the appointment of Eric Andradde in the newly created positionb of digitalmarketing director. Andrade overseeas all of Arnold D.C.’s online and new mediqa work. Andrade has worked mostly in Californias for agencies specializingin entertainment, digital marketing and software development. Andrade headed up business developmentf and strategyfor Hollywood, Calif.-based Trailer Park Inc., a $60-millionh advertising company serving the entertainment industry. From 2005 to he worked at two digital marketing agencies in San as an executive producerat AKQA, and as a seniot project manager at .
He also has workefd at , first in New York and then in San has promoted Andre Glover to assistant vice presidengt inCamp Springs. Glover, who joinedr the bank in 2008, is a financial center leader at BB&T’ss Camp Springs branch at 6309Allentown Road. Glover has been in bankingg for 11 years within the Washington area with a major focuas on small business and communitydevelopment organizations. Charles C. Reardon has been namedx partnerof LLC. Reardon will assisty in growing the financial restructurinhg and healthy anddistressed M&qA practices for CMAG from a new officed opening in Tysons Corner.
Reardon brings extensive expertisdin M&A, strategic planning, operational and financial restructurin g and real estate development to this new positionh with Carl Marks. Beforwe joining CMAG, he was a member of ’s globallh recognized financial restructuring group and ledthat firm’ws distressed mergers and acquisitions practices in the mid-Atlantic region. Oonie Chase has joined communications firm GMMBin D.C. as digitap director and seniorvice president. Chase, formerly with Blast will guide the digital integrating it intothe firm’s overall offering.
Chase’ws hire comes on the heelds of the announcement thatFacebookm co-founder Chris Hughes has joined as a strategix adviser. Both Chase and Hughes will work closelh withthe firm’s executive creativ director Kirk Souder. Prior to joining Blastg Radiusin 2008, Chase was with , wherr she shaped the interactive strategies of brandsd such as , KitchenAid, The New York Times and Barnesz & Noble. Chase’s recent work for the partnership was among the most successfuol viral issue campaigns on Facebookto date, generatinyg 1.4 million days of medicine for people living with HIV in Chorman Romano , vice president and Tylere Herbert, project manager, joined Mark G.
Andersonn Consultants in D.C. Mike Kappel has joined in Reston asprojecrt manager. Kappel has 10 years experience in theconstructionn industry, serving as project manager for , as directotr of residential construction for Ridgewoor Homes and as senior project manager for . He has successfullty bid, budgeted, and constructed residences in excessxof $4,000,000 in valude and has personally overseen the completed constructiob of more than 80 high-end luxury announced the hiring of Daimon Peresz as environmental health and safety manager in its Rockville Perez is a seasoned constructio professional who comes to the office from Skanska’s officre in San Juan.
He brings to Skanska more than 13 yearasprofessional experience. While in Puerto Rico, Perez chaired the and assumedd a leadership role in the local environmental efforts of the overseeingthe environmental, safety and health executionj for all Puerto Rico constructiom management projects. Perez is a member of the America n Society of Safety the Sociedad de Profesionalesw en Prevencion de Accidentes dePuerto Rico, the and the locao . He also is an authorized OSHA trainer in Also in theRockville office, Skanskas hired Katie Cheung as marketing coordinator.
In this position, Cheung will be responsiblee for proposal productionwithin Skanska’z interiors group, education, federal and other key Cheung joins the marketing department with an extensivr background in the construction and architectural proposal development process. She bringsa to Skanska significant expertise in developinb presentations and preparing proposals for projectssin government, education and commercial She was previously employed by Matrix Settlea and SmithGroup. The for Entrepreneurship at the ’e announced Craig Dye has joined the cente r as directorof investments.
In his new position, Dye will be leadingy the continued growth of theDingman Center’s Capital Access Network, an angek investment group focused on fundingg early-stage deals up to $1.5 million. He will lead the network’s growthn and support the Dingman Center’s continue d efforts to fuel economic development and job creation throughougt stateand region. Nexus Health in Oxon Hill namedxVerna S. Meacham as its presidenyt and CEO. announced that attorneyu Stephanie Scruggs has been nameed a firm shareholder inthe firm’s D.C. She joined the firm as an associate inApriol 2008. Scruggs represents clients in a variety of intellectualproperty matters.
She is primarilgy focused on patent litigation, patent prosecution, and producgt clearance and patentvalidity opinions, but also has extensivre experience in trademark prosecution and patent licensing, and due diligence associated with IP transfers. She representz both U.S. and foreign-based clientes in a variety of industries includingthe chemical, pharmaceutical, medical devices and mechanical Scruggs regularly appears before the U.S. Patenrt and Trademark Office Board of Patent Appealwand Interferences. Former U.S. Under Secretary of Commerce for Industry and Securit y Mario Mancuso has joinexdin D.C. as a partnerd in the international corporatetransactions practice.
Mancuso will focus on internationap corporate, policy and regulatory matters. As under secretary of commerce for industrhy and security from 2007to 2009, Mancusl was the most senior U.S. government officia l with direct responsibility forinternationalp trade, transaction and investmenr matters that implicated U.S. national securit and foreign policy interests. Before joinintg Commerce, Mancuso served as the deputy assistant secretary of defensre for special operations andcombating terrorism.
As the ’s senior civilian official with immediate responsibility for its global counterterrorism he oversaw policy related to sensitivde specialoperations missions, formulated the department’s globapl counterterrorism strategy and worked closely with U.S. foreign partnersa and allies. Wiley Rein LLP announced the addition of formetr Deputy Assistant Treasury SecretaryNova J. Daly as a public policy consultant in its growingv internationaltrade practice. Daly playexd a leading role in reformingthe .
Prior to his role at Treasury, his service includeas terms asthe ’s Director for International a trade policy adviser to the Secretary of Commerce; and an internationall trade adviser at the U.S. Senate Committewe on Finance.
in McLean announced that Mark Roberts has joined the firm as a partnert in its businessconsulting Group. Roberts’ practicre will focus on government and commercial For the past20 years, Robertx has served as a consultan and expert witness with major public accounting firms, most recently . His assignments involved regulatory issues relateed tocontract pricing, costing, profitability and Prior to that, he worked with a major aerospace and defense contractor, holding positions in accounting, finance and contractf management. Ethan Gewolb joineds Ginsberg and Helfer PLLC as a staff accountanft in the tax and management consultiny services divisionin D.C.
The Washington officwe of Arnold Worldwide announced the appointment of Eric Andradde in the newly created positionb of digitalmarketing director. Andrade overseeas all of Arnold D.C.’s online and new mediqa work. Andrade has worked mostly in Californias for agencies specializingin entertainment, digital marketing and software development. Andrade headed up business developmentf and strategyfor Hollywood, Calif.-based Trailer Park Inc., a $60-millionh advertising company serving the entertainment industry. From 2005 to he worked at two digital marketing agencies in San as an executive producerat AKQA, and as a seniot project manager at .
He also has workefd at , first in New York and then in San has promoted Andre Glover to assistant vice presidengt inCamp Springs. Glover, who joinedr the bank in 2008, is a financial center leader at BB&T’ss Camp Springs branch at 6309Allentown Road. Glover has been in bankingg for 11 years within the Washington area with a major focuas on small business and communitydevelopment organizations. Charles C. Reardon has been namedx partnerof LLC. Reardon will assisty in growing the financial restructurinhg and healthy anddistressed M&qA practices for CMAG from a new officed opening in Tysons Corner.
Reardon brings extensive expertisdin M&A, strategic planning, operational and financial restructurin g and real estate development to this new positionh with Carl Marks. Beforwe joining CMAG, he was a member of ’s globallh recognized financial restructuring group and ledthat firm’ws distressed mergers and acquisitions practices in the mid-Atlantic region. Oonie Chase has joined communications firm GMMBin D.C. as digitap director and seniorvice president. Chase, formerly with Blast will guide the digital integrating it intothe firm’s overall offering.
Chase’ws hire comes on the heelds of the announcement thatFacebookm co-founder Chris Hughes has joined as a strategix adviser. Both Chase and Hughes will work closelh withthe firm’s executive creativ director Kirk Souder. Prior to joining Blastg Radiusin 2008, Chase was with , wherr she shaped the interactive strategies of brandsd such as , KitchenAid, The New York Times and Barnesz & Noble. Chase’s recent work for the partnership was among the most successfuol viral issue campaigns on Facebookto date, generatinyg 1.4 million days of medicine for people living with HIV in Chorman Romano , vice president and Tylere Herbert, project manager, joined Mark G.
Andersonn Consultants in D.C. Mike Kappel has joined in Reston asprojecrt manager. Kappel has 10 years experience in theconstructionn industry, serving as project manager for , as directotr of residential construction for Ridgewoor Homes and as senior project manager for . He has successfullty bid, budgeted, and constructed residences in excessxof $4,000,000 in valude and has personally overseen the completed constructiob of more than 80 high-end luxury announced the hiring of Daimon Peresz as environmental health and safety manager in its Rockville Perez is a seasoned constructio professional who comes to the office from Skanska’s officre in San Juan.
He brings to Skanska more than 13 yearasprofessional experience. While in Puerto Rico, Perez chaired the and assumedd a leadership role in the local environmental efforts of the overseeingthe environmental, safety and health executionj for all Puerto Rico constructiom management projects. Perez is a member of the America n Society of Safety the Sociedad de Profesionalesw en Prevencion de Accidentes dePuerto Rico, the and the locao . He also is an authorized OSHA trainer in Also in theRockville office, Skanskas hired Katie Cheung as marketing coordinator.
In this position, Cheung will be responsiblee for proposal productionwithin Skanska’z interiors group, education, federal and other key Cheung joins the marketing department with an extensivr background in the construction and architectural proposal development process. She bringsa to Skanska significant expertise in developinb presentations and preparing proposals for projectssin government, education and commercial She was previously employed by Matrix Settlea and SmithGroup. The for Entrepreneurship at the ’e announced Craig Dye has joined the cente r as directorof investments.
In his new position, Dye will be leadingy the continued growth of theDingman Center’s Capital Access Network, an angek investment group focused on fundingg early-stage deals up to $1.5 million. He will lead the network’s growthn and support the Dingman Center’s continue d efforts to fuel economic development and job creation throughougt stateand region. Nexus Health in Oxon Hill namedxVerna S. Meacham as its presidenyt and CEO. announced that attorneyu Stephanie Scruggs has been nameed a firm shareholder inthe firm’s D.C. She joined the firm as an associate inApriol 2008. Scruggs represents clients in a variety of intellectualproperty matters.
She is primarilgy focused on patent litigation, patent prosecution, and producgt clearance and patentvalidity opinions, but also has extensivre experience in trademark prosecution and patent licensing, and due diligence associated with IP transfers. She representz both U.S. and foreign-based clientes in a variety of industries includingthe chemical, pharmaceutical, medical devices and mechanical Scruggs regularly appears before the U.S. Patenrt and Trademark Office Board of Patent Appealwand Interferences. Former U.S. Under Secretary of Commerce for Industry and Securit y Mario Mancuso has joinexdin D.C. as a partnerd in the international corporatetransactions practice.
Mancuso will focus on internationap corporate, policy and regulatory matters. As under secretary of commerce for industrhy and security from 2007to 2009, Mancusl was the most senior U.S. government officia l with direct responsibility forinternationalp trade, transaction and investmenr matters that implicated U.S. national securit and foreign policy interests. Before joinintg Commerce, Mancuso served as the deputy assistant secretary of defensre for special operations andcombating terrorism.
As the ’s senior civilian official with immediate responsibility for its global counterterrorism he oversaw policy related to sensitivde specialoperations missions, formulated the department’s globapl counterterrorism strategy and worked closely with U.S. foreign partnersa and allies. Wiley Rein LLP announced the addition of formetr Deputy Assistant Treasury SecretaryNova J. Daly as a public policy consultant in its growingv internationaltrade practice. Daly playexd a leading role in reformingthe .
Prior to his role at Treasury, his service includeas terms asthe ’s Director for International a trade policy adviser to the Secretary of Commerce; and an internationall trade adviser at the U.S. Senate Committewe on Finance.
Tuesday, March 22, 2011
Treasury Five-Year Yields Touch Week High on Reduced Geopolitical Concern - Bloomberg
NewAir AC-12000E
CNBC.com | Treasury Five-Year Yields Touch Week High on Reduced Geopolitical Concern Bloomberg Treasury five-year note yields reached a one-week high on eased concern Japan's nuclear reactor crisis and Libya's military conflict will threaten the global economic recovery. ... Forex - Treasury Five-Year Yie! lds Touch Week High on Reduced Geopolitical Concern Benchmark US Treasurys Lower But Recoup Most Losses |
Sunday, March 20, 2011
Operations chief at Emergent BioSolutions resigns - Baltimore Business Journal:
Air Purifiers Salem
Edward Arcuri, COO of the Rockville-basedr biopharmaceutical company, notified Emergent of his decisioh to resignMay 11, with the resignation effective May 16, accordinhg to a regulatory filing. Emergenft did not give an explanationfor Arcuri'ss departure. Arcuri had served as operations chiec sinceJanuary 2005. Before joininy Emergent, he was a senior vice presidenfwith Gaithersburg-based biotech company (NASDAQ: MEDI) for three years and also held variouxs executive positions with Mountain Calif.
-based , which MedImmune acquired in January 2002, for about three In Arcuri's absence, Daniel Abdun-Nabi, Emergent's president, will take on the additionalp role of COO, effectivs May 16. Abdun-Nabi will overser all of the company's product development, manufacturingt and corporate affairs activities. He has servef as Emergent's president since April 2007 and asthe company'e secretary since December 2004. Abdun-Nabi was Emergent's seniofr vice president of corporate affairs and generapl counsel from December 2004 to April and he served as vice presidentt and general counsel from May 2004 toDecemberf 2004.
Before joining Abdun-Nabi was general counsel for IgenInternational Inc., a biotechj company, and its successor, Gaithersburg-based (NASDAQ: BIOV), from September 1999 to May 2004. Emergen t (NYSE: EBS) is developing drugsz and vaccines to treat or preventvarious diseases. Its marketed product, BioThrax, is the only vaccind approved by the to preventanthrasx infection.
Edward Arcuri, COO of the Rockville-basedr biopharmaceutical company, notified Emergent of his decisioh to resignMay 11, with the resignation effective May 16, accordinhg to a regulatory filing. Emergenft did not give an explanationfor Arcuri'ss departure. Arcuri had served as operations chiec sinceJanuary 2005. Before joininy Emergent, he was a senior vice presidenfwith Gaithersburg-based biotech company (NASDAQ: MEDI) for three years and also held variouxs executive positions with Mountain Calif.
-based , which MedImmune acquired in January 2002, for about three In Arcuri's absence, Daniel Abdun-Nabi, Emergent's president, will take on the additionalp role of COO, effectivs May 16. Abdun-Nabi will overser all of the company's product development, manufacturingt and corporate affairs activities. He has servef as Emergent's president since April 2007 and asthe company'e secretary since December 2004. Abdun-Nabi was Emergent's seniofr vice president of corporate affairs and generapl counsel from December 2004 to April and he served as vice presidentt and general counsel from May 2004 toDecemberf 2004.
Before joining Abdun-Nabi was general counsel for IgenInternational Inc., a biotechj company, and its successor, Gaithersburg-based (NASDAQ: BIOV), from September 1999 to May 2004. Emergen t (NYSE: EBS) is developing drugsz and vaccines to treat or preventvarious diseases. Its marketed product, BioThrax, is the only vaccind approved by the to preventanthrasx infection.
Friday, March 18, 2011
More themed Glee episodes on the way, Rumours have it - Vancouver Sun
Air Purifiers St. Paul
Hollywood Reporter | More themed Glee episodes on the way, Rumours have it Vancouver Sun As for music, the show's habit of doing themed episodes won't disappear in Season 3. Murphy revealed they'll be doing an entire episode devoted to Fleetwood Mac's defining album, Rumours. Considering it's a record that documented the rock group ... 'Glee': Eight Spoilers to Look Out for in Seasons 2 and 3 Glee Creator Reveals Secrets of Season 3 [TV] Glee Creator Talks About Future Episodes (SPOILERS) |
Tuesday, March 15, 2011
Obama: Public plan would
Friedrich P09B
If insurance companies do provide good insurance totheirf customers, then they should have nothing to fear from a government-rub competitor, he said. “They should be able to compete,” he said. If the publix plan is able to reduce administrativecosts significantly, privatw insurers should take note and see if they can do the “There shouldn’t be any objectionb to that,” Obama The public plan should be requiref to collect premiums, not be “simply eating off the taxpayer he added.
Health insurers and many business groups contene a public plan would have an unfaid advantage becauseit wouldn’t be subject to all the rulez imposed on private insurers and likely would pay healtb providers less for their This could crowd out many private insurers and lead providerxs to charge private insurers more to make up for the lost income from the public plan, they contend. When asked whethetr including a public plan in health care reform was thepresident said, “We are still earlgy in this process. “We have not drawn a line in the other than reform has to control and it has to provide relief to people who don’t have health insurance or are underinsured.
” Obama also was asked what he thought about the performance of Federalo Reserve Chairman Ben Bernanke, given the fact his financial regulatory reform plan proposesx expanding the Fed’s authority. “I thin he has done a very good job under verydifficulty circumstances,” Obama said. All regulators fell shoryt of doing what was needed to prevent thefinancial crisis, but the Fed “probably performecd better than most,” he said. Since the financia crisis erupted, Bernanke has “performexd very well,” Obama said.
If insurance companies do provide good insurance totheirf customers, then they should have nothing to fear from a government-rub competitor, he said. “They should be able to compete,” he said. If the publix plan is able to reduce administrativecosts significantly, privatw insurers should take note and see if they can do the “There shouldn’t be any objectionb to that,” Obama The public plan should be requiref to collect premiums, not be “simply eating off the taxpayer he added.
Health insurers and many business groups contene a public plan would have an unfaid advantage becauseit wouldn’t be subject to all the rulez imposed on private insurers and likely would pay healtb providers less for their This could crowd out many private insurers and lead providerxs to charge private insurers more to make up for the lost income from the public plan, they contend. When asked whethetr including a public plan in health care reform was thepresident said, “We are still earlgy in this process. “We have not drawn a line in the other than reform has to control and it has to provide relief to people who don’t have health insurance or are underinsured.
” Obama also was asked what he thought about the performance of Federalo Reserve Chairman Ben Bernanke, given the fact his financial regulatory reform plan proposesx expanding the Fed’s authority. “I thin he has done a very good job under verydifficulty circumstances,” Obama said. All regulators fell shoryt of doing what was needed to prevent thefinancial crisis, but the Fed “probably performecd better than most,” he said. Since the financia crisis erupted, Bernanke has “performexd very well,” Obama said.
Sunday, March 13, 2011
Advanta agrees to refund customers up to $35M in FDIC agreements - The Business Journal of the Greater Triad Area:
http://www.oztheroad.com/mos/index.php?option=content&task=view&id=27&Itemid=70
That agreement addresses charges that theSpring House, Pa.-basedf company violated federal trade laws througbh its pricing strategies on business crediy cards, and in its marketing of cash-back rewards on the Advanta said it did not admit wrongdoinh and that it entered the agreements “ibn the interest of expediencty and to avoid litigation.” Advanta said it took a $14 millio charge to cover refunds tied to the alleged marketingb violations in third-quarter 2008 and will take a second-quarterr 2009 charge to cover refunds over its pricinyg strategies, which it said could total $21 million. Advanta also agreed to a $150,000 fine.
In a separate agreemen t with the FDIC, Advanta’s ability to use cash and pay dividendes hasbeen restricted. The company must submi a plan to remain and submit a plan to terminateits deposit-taking operationw and deposit insurance once its deposits are repaid in a process expected to take a few years. The seconed agreement with the FDIC places restrictionson Advanta’x use of its cash payment of dividends and transactions that woulf materially alter its balance sheet composition and taking of brokere d deposits. Advanta said the second order does not in any way restrict it from continuingv to service itsmanagesd credit-card accounts and receivables.
In an effory to limit losses and erosion of its capital as credit Advanta said in early May that its securitization trust will go into earlyyamortization — where the company uses receivables from customersw to accelerate payment to investor bondholders. While that protectsz investors from prolonged exposure to a pool of receivables whos e credit performancehas deteriorated, Advanta would have needede an alternative way to fund new purchasex on its customers’ credit So it had to shut down future use, effective May 30. It has since referred some customers to AmericanjExpress Co. Advanta’s stoco closed 2 7 percent lowetr Wednesday at42 cents.
That agreement addresses charges that theSpring House, Pa.-basedf company violated federal trade laws througbh its pricing strategies on business crediy cards, and in its marketing of cash-back rewards on the Advanta said it did not admit wrongdoinh and that it entered the agreements “ibn the interest of expediencty and to avoid litigation.” Advanta said it took a $14 millio charge to cover refunds tied to the alleged marketingb violations in third-quarter 2008 and will take a second-quarterr 2009 charge to cover refunds over its pricinyg strategies, which it said could total $21 million. Advanta also agreed to a $150,000 fine.
In a separate agreemen t with the FDIC, Advanta’s ability to use cash and pay dividendes hasbeen restricted. The company must submi a plan to remain and submit a plan to terminateits deposit-taking operationw and deposit insurance once its deposits are repaid in a process expected to take a few years. The seconed agreement with the FDIC places restrictionson Advanta’x use of its cash payment of dividends and transactions that woulf materially alter its balance sheet composition and taking of brokere d deposits. Advanta said the second order does not in any way restrict it from continuingv to service itsmanagesd credit-card accounts and receivables.
In an effory to limit losses and erosion of its capital as credit Advanta said in early May that its securitization trust will go into earlyyamortization — where the company uses receivables from customersw to accelerate payment to investor bondholders. While that protectsz investors from prolonged exposure to a pool of receivables whos e credit performancehas deteriorated, Advanta would have needede an alternative way to fund new purchasex on its customers’ credit So it had to shut down future use, effective May 30. It has since referred some customers to AmericanjExpress Co. Advanta’s stoco closed 2 7 percent lowetr Wednesday at42 cents.
Thursday, March 10, 2011
InSite Vision delisted by Amex - San Francisco Business Times:
tenganmodooo1324.blogspot.com
million since 2004, has been removedc from the AmericanStock Exchange. The exchange cited the company’s including $5.5 million in the first and a stock price that has ranged from 59 cents to 17 centss over the pastsix months, according to an SEC The filing comes a week after InSite said won Food and Drug Administrationm approval for Besivance, which uses a synthetic polymer developed by InSite now is trader over the counter as InSite has one product on the U.S. market — the pink-eye treatmengt AzaSite — and that was approved in March in It also has signexd distribution deals inSoutn Korea, Turkey and China as well as four South American countries.
InSite also plans to enterr a Phase III trial of atopical antibiotic/corticosteroid product to treat eyelid infection and inflammation in adults. Yet the company said in Marc that it would fire more than halfits staff, bringing its workforcr to under 20 people. A Texas venture capita firm, , last summer led a shareholder coup that replaces the board of directors and broughf about the resignationof S. Kumar Chandrasekaran, the company’s chairmann and CEO. The American Stock Exchanged initially notified InSite in December that it was not in compliancde withexchange rules. InSite the next montgh submitted a plan to regain compliance but that was rejected in Februaryt bythe exchange.
The company appealec and on April 8, the company learned that the exchangr deniedthe appeal.
million since 2004, has been removedc from the AmericanStock Exchange. The exchange cited the company’s including $5.5 million in the first and a stock price that has ranged from 59 cents to 17 centss over the pastsix months, according to an SEC The filing comes a week after InSite said won Food and Drug Administrationm approval for Besivance, which uses a synthetic polymer developed by InSite now is trader over the counter as InSite has one product on the U.S. market — the pink-eye treatmengt AzaSite — and that was approved in March in It also has signexd distribution deals inSoutn Korea, Turkey and China as well as four South American countries.
InSite also plans to enterr a Phase III trial of atopical antibiotic/corticosteroid product to treat eyelid infection and inflammation in adults. Yet the company said in Marc that it would fire more than halfits staff, bringing its workforcr to under 20 people. A Texas venture capita firm, , last summer led a shareholder coup that replaces the board of directors and broughf about the resignationof S. Kumar Chandrasekaran, the company’s chairmann and CEO. The American Stock Exchanged initially notified InSite in December that it was not in compliancde withexchange rules. InSite the next montgh submitted a plan to regain compliance but that was rejected in Februaryt bythe exchange.
The company appealec and on April 8, the company learned that the exchangr deniedthe appeal.
Tuesday, March 8, 2011
Campbell voted to lead Gallop Johnson - St. Louis Business Journal:
tarpleypymibujuh1491.blogspot.com
The change will mark the seconcd time inthe firm's nearly 30-yearr history that Gallop Johnson will be led by a partner who is not a foundinh member of the firm. Partners at the firm electes Campbell, 51, to the post Dec. 21. who heads up the governmentg law and relations department atthe Clayton-baser law firm, will take over from founding and name partnert Sanford Neuman, 69, whose second three-year term expiresd in 2005. An exact date for the changeover has notbeen set. Neumanh is being considered as chairman.
"We're poiseed to go to the next generation," Campbell He said he is interested in growinb the firm ina "controlled and business-sensitivse manner," through recruitment and possibly a merger. Gallo p Johnson was in serious talksx with over the last five years before the effortr wasgiven up. No mergee immediately is pending, but firms both insidee and outside St. Louis frequently contacg Gallop, Campbell said. Neuman said he had decided to step down and let someonee younger takethe helm. "We're really a second generation law Exceptfor me, all the department heads and chairs are all in their forties or fifties.
" Campbelo beat out two other candidates proposexd by Gallop Johnson's nominating litigation and intellectual propertyh attorney Ken Newman, and Don Kelly, a patent and trial attorney, both of whom joinecd Gallop Johnson with 10 other attorney s during Neuman's tenure as managing partner, when the forme r Susman, Schermer, Rimmel & Shifrin law firm dissolved in 2001. Campbell'zs recent clients include the Isle of Capri Casinos, The Doe Run Co. and Trigehn Energy Corp. He was manager of the energhy conservation programs for the Illinois Department of Energyt and Natural Resources in the late 1970s and early 1980sd before attending the Washington Universityy Schoolof Law.
He starteds at Gallop Johnson as a summerlaw clerk. "He'sd what we call a Neuman said. "He's thoroughly inculcated in the values of the With75 attorneys, Gallop Johnson is the ninth-largest law firm in St. The firm is full service, with traditionak practices including litigation, business services, and laboe and employment, with some "niche" practices such as government andentertainment law, Campbell said.
Both he and Neumahn declined to disclose revenue forthe
The change will mark the seconcd time inthe firm's nearly 30-yearr history that Gallop Johnson will be led by a partner who is not a foundinh member of the firm. Partners at the firm electes Campbell, 51, to the post Dec. 21. who heads up the governmentg law and relations department atthe Clayton-baser law firm, will take over from founding and name partnert Sanford Neuman, 69, whose second three-year term expiresd in 2005. An exact date for the changeover has notbeen set. Neumanh is being considered as chairman.
"We're poiseed to go to the next generation," Campbell He said he is interested in growinb the firm ina "controlled and business-sensitivse manner," through recruitment and possibly a merger. Gallo p Johnson was in serious talksx with over the last five years before the effortr wasgiven up. No mergee immediately is pending, but firms both insidee and outside St. Louis frequently contacg Gallop, Campbell said. Neuman said he had decided to step down and let someonee younger takethe helm. "We're really a second generation law Exceptfor me, all the department heads and chairs are all in their forties or fifties.
" Campbelo beat out two other candidates proposexd by Gallop Johnson's nominating litigation and intellectual propertyh attorney Ken Newman, and Don Kelly, a patent and trial attorney, both of whom joinecd Gallop Johnson with 10 other attorney s during Neuman's tenure as managing partner, when the forme r Susman, Schermer, Rimmel & Shifrin law firm dissolved in 2001. Campbell'zs recent clients include the Isle of Capri Casinos, The Doe Run Co. and Trigehn Energy Corp. He was manager of the energhy conservation programs for the Illinois Department of Energyt and Natural Resources in the late 1970s and early 1980sd before attending the Washington Universityy Schoolof Law.
He starteds at Gallop Johnson as a summerlaw clerk. "He'sd what we call a Neuman said. "He's thoroughly inculcated in the values of the With75 attorneys, Gallop Johnson is the ninth-largest law firm in St. The firm is full service, with traditionak practices including litigation, business services, and laboe and employment, with some "niche" practices such as government andentertainment law, Campbell said.
Both he and Neumahn declined to disclose revenue forthe
Saturday, March 5, 2011
Thursday, March 3, 2011
Cousins Chairman Tom Bell retiring - Dayton Business Journal:
balamatovaegede.blogspot.com
Gellerstedt will remain the Atlanta-based real estate investment trustf said. Bell, who turns 60 this year, became Cousinw CEO in January 2002 and chairma n inDecember 2006. Undeer his watch, the company sold nearly $3 billion in assetzs during the market’s peak for special dividends totaling $12.62q a share. “There is never a perfectg time to leave a compan as respected and admiredas Cousins, but I’m confident that after sevej and a half years as chied executive, the company is ready for new leadershi and renewed energy,” Bell said in a “My decision to step aside now allows our extremelyt talented management team under the guidance of Larry to make importan decisions that will prepare Cousins for the next phase of the real estatde cycle.
” Bell remains deeply involved in Atlanta’s civic life. He has been instrumentapl in the effort to save from financial The movement began over dinner in early 2007 when the table conversationmof A.D. “Pete” Correll, former CEO of , and Bell turnex to Grady. Through their leadership and donationafrom , ’s $5 and . "I thought he had big shoeas to fill when he took since he was replacinhgTom Cousins," said Hal Barry, founder of Barrgy Real Estate Cos. "Since then, he's done an absolutely fantastic job forthat company. And what he's done for the city and metrol Atlanta have just been overthe top.
I hope he doesn'rt give up some of his efforts that have meanr so much to theAtlanta community. I just admirw the heck out of him." Gellerstedt, 53, came to Cousin s (NYSE: CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairman and chief executiv officer of the from 1986to 1998. In after the sale of Beers to , he was electecd chairman and CEOof , a packaging and printecd office products company. In 2000, Gellerstedy became president and chief operatingf officerof , an urba n mixed-use development company. He went on to found The Gellerstedyt Groupin 2003. In other companhy news, Cousins’ board of directors namee S.
Taylor Glover non-executive chairman of the Glover joined the Cousins board inFebruarty 2005. He is currently the president and chierf executive officerof
Gellerstedt will remain the Atlanta-based real estate investment trustf said. Bell, who turns 60 this year, became Cousinw CEO in January 2002 and chairma n inDecember 2006. Undeer his watch, the company sold nearly $3 billion in assetzs during the market’s peak for special dividends totaling $12.62q a share. “There is never a perfectg time to leave a compan as respected and admiredas Cousins, but I’m confident that after sevej and a half years as chied executive, the company is ready for new leadershi and renewed energy,” Bell said in a “My decision to step aside now allows our extremelyt talented management team under the guidance of Larry to make importan decisions that will prepare Cousins for the next phase of the real estatde cycle.
” Bell remains deeply involved in Atlanta’s civic life. He has been instrumentapl in the effort to save from financial The movement began over dinner in early 2007 when the table conversationmof A.D. “Pete” Correll, former CEO of , and Bell turnex to Grady. Through their leadership and donationafrom , ’s $5 and . "I thought he had big shoeas to fill when he took since he was replacinhgTom Cousins," said Hal Barry, founder of Barrgy Real Estate Cos. "Since then, he's done an absolutely fantastic job forthat company. And what he's done for the city and metrol Atlanta have just been overthe top.
I hope he doesn'rt give up some of his efforts that have meanr so much to theAtlanta community. I just admirw the heck out of him." Gellerstedt, 53, came to Cousin s (NYSE: CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairman and chief executiv officer of the from 1986to 1998. In after the sale of Beers to , he was electecd chairman and CEOof , a packaging and printecd office products company. In 2000, Gellerstedy became president and chief operatingf officerof , an urba n mixed-use development company. He went on to found The Gellerstedyt Groupin 2003. In other companhy news, Cousins’ board of directors namee S.
Taylor Glover non-executive chairman of the Glover joined the Cousins board inFebruarty 2005. He is currently the president and chierf executive officerof
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