vidineevostegity.blogspot.com
The home of the , Chapel Hill beat out more than 200 municipalitiews across the nation to claija first-place City Livability Award. Chapeol Hill won for cities with populations of fewerthan Charleston, S.C., won for cities with populations of more than The contest was judge d on three criteria: mayoral creativity and innovation, and the broaxd impact on the quality of life for The U.S. Conference of Mayors honored Chapel Hill for its decisiob in 2002 to no longer charge fares to any rider on itsbus system, the organizatiobn said in a press While many bus systems in collegw towns don’t charge students and faculty to a scant few provide free servicw to all riders.
The town implemented the fare-free system to encourage people to take the bus and leavw their carsat home. The plan worked. Ridership on Chapeo Hill transit has more than doubledd since fares wereeliminated – goingv from 3 million in 2002 to a projectesd 7 million this year. “The Chapelp Hill Public Transit system is the foundatioj of oursustainable future,” Foy said in a press “This bus system makes Chapel Hill continu to be the kind of place peoplr love; for us it is an investmenft and it has paid off big time.” The town says it is planning a “community event” to celebrate the livability award and that it will releasr details soon.
воскресенье, 30 сентября 2012 г.
суббота, 29 сентября 2012 г.
California settles with Kmart, sues Target - San Antonio Business Journal:
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The state’s attorney general, Jerry Brown, joined by district attorneysx from manyCalifornia counties, including Alameda, Santa Clara and Contra Costa, filed a suit againstt Minneapolis-based Target (NYSE: TGT), saying it sent hazardous waste to various landfills in violatiomn of state law. The suit is meany to stop the practices. In news reports, Targety said it has been cooperating withthe AG’s office for three years on this matter and that it is committed to complying with all environmentalk laws. Kmart, owned by SHLD), agreed to a settlement that includeswcivil penalties, legal costa and some money to boost protectioh of the environment in the state.
Thomas Orloff, Robert James Fox and Dolores the DAsof Alameda, Contra Costa, San Mate and Santa Clara counties respectively, joined Brown in the suit againsg Target. According to court papers, Target has 180 including storesand warehouses, in California. The suit allege s Target threwout “ignitable aerosop wastes” including propane canisters, in a trash compactor in Alamedq County on May 14 and May 21, for
The state’s attorney general, Jerry Brown, joined by district attorneysx from manyCalifornia counties, including Alameda, Santa Clara and Contra Costa, filed a suit againstt Minneapolis-based Target (NYSE: TGT), saying it sent hazardous waste to various landfills in violatiomn of state law. The suit is meany to stop the practices. In news reports, Targety said it has been cooperating withthe AG’s office for three years on this matter and that it is committed to complying with all environmentalk laws. Kmart, owned by SHLD), agreed to a settlement that includeswcivil penalties, legal costa and some money to boost protectioh of the environment in the state.
Thomas Orloff, Robert James Fox and Dolores the DAsof Alameda, Contra Costa, San Mate and Santa Clara counties respectively, joined Brown in the suit againsg Target. According to court papers, Target has 180 including storesand warehouses, in California. The suit allege s Target threwout “ignitable aerosop wastes” including propane canisters, in a trash compactor in Alamedq County on May 14 and May 21, for
четверг, 27 сентября 2012 г.
Mortgage warehouse loan niche grows with demand - Dayton Business Journal:
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They’re stepping in to provide short-term funding for mortgagew banks — a line of business abandonee by other institutions following the collapse ofsubprimee lending. With interest rates and refinancings onthe rise, it’s a servicde that’s in strong demand, banker say. “The funding capability — that is the part that reallhy evaporated,” said John Holt, president of Bank FSB, the banking subsidiaruy of Dallas finance firm SWSGroup SWS).
Dallas-based NexBank SSB has hired a dozen new staffers led by mortgage industry veteran Keith Kitterman to target the same He said he sees a renewed opportunity for old proswith above-boarde practices, fundamental business models and good relationshipas in the industry. “We say the dinosaurs are walking again, and it’s said Kitterman, NexBank director of wholesale who previously worked for Southwest Securities now processesabout $600 millionh a month in mortgage warehouse loans, said Davicd Frase, Southwest Securities executive vice president.
Mortgage warehouse loans are short-ternm deals for the At the closing ofa mortgage, the bank provideas money to the seller or The bank holds the loan and gets paid fees and interesy until the loan is sold, now typically to or . Southwes t Securities has been in the line of business for 16 but it has never beford been such a significant growth drived as in thepast year, he said. ViewPoint Bank, whichb has its own internal mortgage bank, began offering fundintg to othersin September. That first the bank funded $50 million in loans, said CEO Gary He declined todiscussz fourth-quarter numbers until Viewpoint (NASDAQ: VPFG) announces its earningxs later this month.
Besides institutions tripped up by fundingtsubprime loans, banks with other problem loans movef away from warehouse lending. “It wasn’t necessarily just subprime, they had to shrin k assets, and do other things to improve capital,” Base said. For Town North Bank CEO John fewer warehouse lenders and surgin demand will meanrecord growth. “2008 will be a record year for mortgage warehouse It kind of speaks to the quality of our Reap said. For NexBank, moving into the business is an opportunitt to diversify and capitalize on a wave ofhome “It’s a space that is no longer hypercompetitive,” said Davis Deadman, NexBankk president and CEO.
And at the same interest rates forconventional 30-year mortgages are droppinfg to historic lows. The natiomn could be heading into one of the biggest refinancd cyclesin history, Kitterman said. That has NexBank’as new team members busy introducing themselves to credit unions, mortgage bankers and brokers. Banksa typically hold loans made via their warehousse lines for less than twoweekes — and rarely more than 30 days. The mortgage are generally soldto investors, whicu right now are most likely the quasi-government entities Fannie Mae and Freddie Mac. “It’z a commercial loan with home loanzsas collateral,” said Southwest’s Frase.
Banks still face some risk in dealingyin mortgages. For example, (NASDAQ: TCBI) in its third-quarte earnings announcement cited growth in the mortgage warehouse lendinf business as a driver of increasedf fee income of morethan $572,000o compared with the year-ago But it also notee that the bank was holding $4.4 million in mortgage warehoused loans that it hadn’t manages to sell.
They’re stepping in to provide short-term funding for mortgagew banks — a line of business abandonee by other institutions following the collapse ofsubprimee lending. With interest rates and refinancings onthe rise, it’s a servicde that’s in strong demand, banker say. “The funding capability — that is the part that reallhy evaporated,” said John Holt, president of Bank FSB, the banking subsidiaruy of Dallas finance firm SWSGroup SWS).
Dallas-based NexBank SSB has hired a dozen new staffers led by mortgage industry veteran Keith Kitterman to target the same He said he sees a renewed opportunity for old proswith above-boarde practices, fundamental business models and good relationshipas in the industry. “We say the dinosaurs are walking again, and it’s said Kitterman, NexBank director of wholesale who previously worked for Southwest Securities now processesabout $600 millionh a month in mortgage warehouse loans, said Davicd Frase, Southwest Securities executive vice president.
Mortgage warehouse loans are short-ternm deals for the At the closing ofa mortgage, the bank provideas money to the seller or The bank holds the loan and gets paid fees and interesy until the loan is sold, now typically to or . Southwes t Securities has been in the line of business for 16 but it has never beford been such a significant growth drived as in thepast year, he said. ViewPoint Bank, whichb has its own internal mortgage bank, began offering fundintg to othersin September. That first the bank funded $50 million in loans, said CEO Gary He declined todiscussz fourth-quarter numbers until Viewpoint (NASDAQ: VPFG) announces its earningxs later this month.
Besides institutions tripped up by fundingtsubprime loans, banks with other problem loans movef away from warehouse lending. “It wasn’t necessarily just subprime, they had to shrin k assets, and do other things to improve capital,” Base said. For Town North Bank CEO John fewer warehouse lenders and surgin demand will meanrecord growth. “2008 will be a record year for mortgage warehouse It kind of speaks to the quality of our Reap said. For NexBank, moving into the business is an opportunitt to diversify and capitalize on a wave ofhome “It’s a space that is no longer hypercompetitive,” said Davis Deadman, NexBankk president and CEO.
And at the same interest rates forconventional 30-year mortgages are droppinfg to historic lows. The natiomn could be heading into one of the biggest refinancd cyclesin history, Kitterman said. That has NexBank’as new team members busy introducing themselves to credit unions, mortgage bankers and brokers. Banksa typically hold loans made via their warehousse lines for less than twoweekes — and rarely more than 30 days. The mortgage are generally soldto investors, whicu right now are most likely the quasi-government entities Fannie Mae and Freddie Mac. “It’z a commercial loan with home loanzsas collateral,” said Southwest’s Frase.
Banks still face some risk in dealingyin mortgages. For example, (NASDAQ: TCBI) in its third-quarte earnings announcement cited growth in the mortgage warehouse lendinf business as a driver of increasedf fee income of morethan $572,000o compared with the year-ago But it also notee that the bank was holding $4.4 million in mortgage warehoused loans that it hadn’t manages to sell.
среда, 26 сентября 2012 г.
New Cousins CEO Gellerstedt gets raise - San Antonio Business Journal:
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Gellerstedt's base salary was increased from $375,0009 to $500,000, his target annual incentive cash bonus awarcd was increasedto $525,000 and his target long-term equity incentive award was increased to $800,000, the filingh shows. The 2009 cash bonus and equity incentive award, if earned, are expected to be awardef by the company's Succession, Nominating and Governance Committee in February 2010. Gellerstedr is replacing the retirinhTom Bell, who turns 60 this Bell made a salargy of $650,000 and had $2.6 million in total compensation for 2008, according to a proxu filing. Gellerstedt, 53, came to Cousins (NYSE: CUZ) when the REIT boughg his firm, , in June 2005.
Gellerstedt served as chairmaj and CEO of the BeersConstruction Co. from 1986 to 1998. In after the sale of Beeras toSkanska USA, he was electer chairman and CEO of American Business a packaging and printed office products company. In Gellerstedt became president and chief operatingf officer of TheIntegral Group, an urban mixed-uses development company. He went on to found The Gellerstedt Groupoin 2003.
Gellerstedt's base salary was increased from $375,0009 to $500,000, his target annual incentive cash bonus awarcd was increasedto $525,000 and his target long-term equity incentive award was increased to $800,000, the filingh shows. The 2009 cash bonus and equity incentive award, if earned, are expected to be awardef by the company's Succession, Nominating and Governance Committee in February 2010. Gellerstedr is replacing the retirinhTom Bell, who turns 60 this Bell made a salargy of $650,000 and had $2.6 million in total compensation for 2008, according to a proxu filing. Gellerstedt, 53, came to Cousins (NYSE: CUZ) when the REIT boughg his firm, , in June 2005.
Gellerstedt served as chairmaj and CEO of the BeersConstruction Co. from 1986 to 1998. In after the sale of Beeras toSkanska USA, he was electer chairman and CEO of American Business a packaging and printed office products company. In Gellerstedt became president and chief operatingf officer of TheIntegral Group, an urban mixed-uses development company. He went on to found The Gellerstedt Groupoin 2003.
вторник, 25 сентября 2012 г.
Covidien, Nuvo partner on drug development - St. Louis Business Journal:
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The companies plan to collaboratde on two topical formulations ofa non-steroidal anti-inflammatorhy drug. Under the license agreement between Nuvoand , a subsidiargy of Covidien, Nuvo (TSX: NRI) will receiv a one-time upfront payment of $10 million and could receive additional development and sales milestonwe payments over the next several years, including a $15 milliojn milestone payment on the drug'sa approval by the FDA, which will increase to $20 million if certain labeling criteria are agreedc to by the FDA.
Covidien also will pay Nuvo a royalty on sale s of products developed and commercializedf under this license Nuvo will be eligibl e to receive additional escalating sales milestond payments for the products totaling upto $100 million. Covidienn will be responsible forall marketing, selling and medicalo education activities. Nuvo will own and maintain the intellectual propertyy and will be responsible for Covidien anticipates launch of the first product from this agreemenft in the first halfof 2010.
"We are pleasedc to be collaborating with Nuvo Research on topical formulations of diclofenac and the opportunity to expanxd our branded pharmaceutical saidTimothy Wright, sector president of Pharmaceutical Productw and Imaging Solutions at Covidien, in a statement. “Whiler we face difficult comparisons in 2010 in our Pharmaceutical we are excited about the potential of thes products to accelerate our performance in 2011and , formerly known as , operates Covidiehn Imaging Solutions and Pharmaceutical also known as Mallinckrodt which is located in St. Louias and provides medical imaging technologgyand pharmaceuticals. Covidien was spun off from in 2007.
With 2008 revenu e of nearly $10 billion, Covidien has 3,0090 employees in the St. Louis area and more than 41,000 employeez worldwide.
The companies plan to collaboratde on two topical formulations ofa non-steroidal anti-inflammatorhy drug. Under the license agreement between Nuvoand , a subsidiargy of Covidien, Nuvo (TSX: NRI) will receiv a one-time upfront payment of $10 million and could receive additional development and sales milestonwe payments over the next several years, including a $15 milliojn milestone payment on the drug'sa approval by the FDA, which will increase to $20 million if certain labeling criteria are agreedc to by the FDA.
Covidien also will pay Nuvo a royalty on sale s of products developed and commercializedf under this license Nuvo will be eligibl e to receive additional escalating sales milestond payments for the products totaling upto $100 million. Covidienn will be responsible forall marketing, selling and medicalo education activities. Nuvo will own and maintain the intellectual propertyy and will be responsible for Covidien anticipates launch of the first product from this agreemenft in the first halfof 2010.
"We are pleasedc to be collaborating with Nuvo Research on topical formulations of diclofenac and the opportunity to expanxd our branded pharmaceutical saidTimothy Wright, sector president of Pharmaceutical Productw and Imaging Solutions at Covidien, in a statement. “Whiler we face difficult comparisons in 2010 in our Pharmaceutical we are excited about the potential of thes products to accelerate our performance in 2011and , formerly known as , operates Covidiehn Imaging Solutions and Pharmaceutical also known as Mallinckrodt which is located in St. Louias and provides medical imaging technologgyand pharmaceuticals. Covidien was spun off from in 2007.
With 2008 revenu e of nearly $10 billion, Covidien has 3,0090 employees in the St. Louis area and more than 41,000 employeez worldwide.
воскресенье, 23 сентября 2012 г.
Office of the Comptroller of the Currency tells TeamBank it is undercapitalized - Kansas City Business Journal:
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TeamBank is a subsidiary of Paola-basef (Nasdaq: TFIN). Team Financial said in a Mondayh filing with the Securities and Exchange Commission that the OCC is requirinf TeamBank to submit a capitalk restoration plan no later thanMarch 2. If TeamBanmk is unable to comply with the OCC it faces possible enforcement actions that could includ placing the bankinto receivership. TeamBank CEO Sandra Moll said in an intervie Wednesday thata capital-raising initiative already is under way and that she expectsw to hand regulators a capital-restorationn plan before the deadline.
“Our staff has done an amazing job workingv withcustomers — and we have very loyal customers to make sure their accounts are structured properly,” Moll said. “We are making sure people understaned their insurance coverage and are as safeas possible.” TeamBank’s total risk-based capital ratil in the fourth quarter was 6.35 percent, accordinbg to filings with the Regulators requires a minimum of 8 percent for an adequately capitalized bank. TeamBank had $669.8 millionm in assets on Dec. 31. It reporter a fourth-quarter loss of $33.3 million and a provision for loan and leas e lossesof $26 million, according to filingsz with the FDIC.
“We are addressingv aggressively some of the issues we are seeinv in our loan portfolio that are a result of the downturn in the Moll said. “We are identifying all potential issuez through allowance forloss provisions, and settinvg aside that money makes our financials not look the as it does with a lot of other The OCC considers Team Financial’s other subsidiargy bank, , as adequately capitalized.
TeamBank is a subsidiary of Paola-basef (Nasdaq: TFIN). Team Financial said in a Mondayh filing with the Securities and Exchange Commission that the OCC is requirinf TeamBank to submit a capitalk restoration plan no later thanMarch 2. If TeamBanmk is unable to comply with the OCC it faces possible enforcement actions that could includ placing the bankinto receivership. TeamBank CEO Sandra Moll said in an intervie Wednesday thata capital-raising initiative already is under way and that she expectsw to hand regulators a capital-restorationn plan before the deadline.
“Our staff has done an amazing job workingv withcustomers — and we have very loyal customers to make sure their accounts are structured properly,” Moll said. “We are making sure people understaned their insurance coverage and are as safeas possible.” TeamBank’s total risk-based capital ratil in the fourth quarter was 6.35 percent, accordinbg to filings with the Regulators requires a minimum of 8 percent for an adequately capitalized bank. TeamBank had $669.8 millionm in assets on Dec. 31. It reporter a fourth-quarter loss of $33.3 million and a provision for loan and leas e lossesof $26 million, according to filingsz with the FDIC.
“We are addressingv aggressively some of the issues we are seeinv in our loan portfolio that are a result of the downturn in the Moll said. “We are identifying all potential issuez through allowance forloss provisions, and settinvg aside that money makes our financials not look the as it does with a lot of other The OCC considers Team Financial’s other subsidiargy bank, , as adequately capitalized.
суббота, 22 сентября 2012 г.
Precast stone wall manufacturer files bankruptcy petition - Houston Business Journal:
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that manufactures precast stone walls has filed for Chapter 11bankruptcy protection. Stones Cast, Inc., located at 51 has $564,000 in debts and less than $50,00o0 in assets, according to a petition filedx June 29in U.S. Bankruptcy Court in The company hasa $289,000 mortgage with and a $275,00o mortgage with the , according to the petition . Compangy president Terry Karanikas couldn’t be reached for The company’s telephone has been temporarilty disconnected. “They’ve suspended business activities on the productioh oftheir walls,” Warren County Planning Director Patriciz Tatich said. She said the company has been in businesd sinceabout 2000.
A couplre of years after it was the Warren County LDC provided a In turn, Stone Cast was supposed to grow to 15 The company had some success, but also ran into problems with work it was doing for customera in New York City. “They likeed his product but breaking into the markety down therewas difficult,” Taticg said. The attorney who filedr the bankruptcy petition, Michael J. Toomey in Glenas Falls, couldn’t be reached for comment.
that manufactures precast stone walls has filed for Chapter 11bankruptcy protection. Stones Cast, Inc., located at 51 has $564,000 in debts and less than $50,00o0 in assets, according to a petition filedx June 29in U.S. Bankruptcy Court in The company hasa $289,000 mortgage with and a $275,00o mortgage with the , according to the petition . Compangy president Terry Karanikas couldn’t be reached for The company’s telephone has been temporarilty disconnected. “They’ve suspended business activities on the productioh oftheir walls,” Warren County Planning Director Patriciz Tatich said. She said the company has been in businesd sinceabout 2000.
A couplre of years after it was the Warren County LDC provided a In turn, Stone Cast was supposed to grow to 15 The company had some success, but also ran into problems with work it was doing for customera in New York City. “They likeed his product but breaking into the markety down therewas difficult,” Taticg said. The attorney who filedr the bankruptcy petition, Michael J. Toomey in Glenas Falls, couldn’t be reached for comment.
четверг, 20 сентября 2012 г.
KO Corner: 'Phenom' Vitor Belfort wouldn't say no to challenge of fighting Jon ... - The Detroit News
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KO Corner: 'Phenom' Vitor Belfort wouldn't say no to challenge of fighting Jon ... The Detroit News In the jungle that is mixed martial arts, Vitor Belfort says he's like a young dinosaur but an old lion. As he prepares to challenge Jon Jones for the UFC light-heavyweight championship Saturday at UFC 152 in Toronto (10 p.m., PPV), the man known as ... |
среда, 19 сентября 2012 г.
Business Resource Center in D.C. closing because of lack of funding - Washington Business Journal:
shelly-polymer.blogspot.com
Nine years later, the magic is In the midst of the worsf economic downturn since before Greenspahn was tapped as chairman of the Federal Reservein 1987, the , now in the Takomas Park neighborhood, is closing at the end of the monthu — a casualty of a move by the city to focu s federal block grant funding on affordablre housing. A handful of other centers offering assistancre to small businesses and entrepreneurd face the same fate barring a reprieve from the which needs to close aprojectede $425 million 2010 shortfall.
The (DHCD) issued letterx to operators of the centers in the firsgt week of March saying the departmentwas “undergoinf a period of severe fiscal restraint” and said it plannexd to use money for the from the federal , for affordable housing. A DHCD spokesmahn said the city is working with reducedc funding through the program andis “havintg to make some hard choices about where we spendf the money.” “Small businesds development is very important to the administration and we’re going to keep working with thesse groups to find some additional resources,” said spokesmahn Sean Madigan.
The chamber’s small businesw center offerscomputer training, business plan assistancw and opportunities to meet with lendersz from local banks. It moved to Takomaw Park in 2007 Alita Brown went to the centee for help with marketing a Fitness Together personal traininhg franchise she opened on H Streety NElast April. With the economy failing, resource centet staff helped Brown craft a direct mail marketinhg plan that led to more new clients in December than she had previouslt signed inany month. “They’ve definitely helped me grow and sustainb my business especially givej that I am in anemergingb market,” Brown said.
Brown said she is not sure where she wouldc have gone had the center not Barbara Lang, president of the D.C. Chamber, worriew other small businesses will find themselvez in asimilar predicament. Since almosr all of the center’sx funding, $306,000 annually, came from only a computer center, which is supported by a grantrfrom , may remain Lang has already informed the center’s three staff members that they will be out of work and started trying to sublet the “It is just a real blow to small businesses,” Lang said. “In this economic you really need small businessess to growand develop.
” The effectiveness of the programz is hard to determine, as the city did not make any forma l review of the programs immediateluy available. Lang said the chamber’s program had server more than300 businesses, equating to millions of dollars annuallu in sales. Robert Moore, president and chief executive ofthe , said his prograjm on 14th Street NW is as popular as Like Lang, Moore received a lettere the first week of Marcbh saying his funding, $340,000, would end by March 31. He also has threed staff members tolay off. “These are very important programs.
Sinces the economic downturn we’ve been flooded with people coming for business training andtechnical assistance,” Moore said. Moore said he planzs to ask that the funding be restoree at a hearing on Leaders of similar organizations facing including the andthe , both in and the (LAYC) in also may testify. Lori Kaplan, executive said LAYC had beenreceiving $150,000p annually to provide a art and media center for local youth. It was open nightzs to keep teens outof trouble. "Whatr we've heard is that their mone is going intoforeclosure stuff," Kaplan said.
She didn't know where the money would come from to continue fundinfthe programs, but thought she may have to lay someonre off. "That's hard money to replace rightf now," she said.
Nine years later, the magic is In the midst of the worsf economic downturn since before Greenspahn was tapped as chairman of the Federal Reservein 1987, the , now in the Takomas Park neighborhood, is closing at the end of the monthu — a casualty of a move by the city to focu s federal block grant funding on affordablre housing. A handful of other centers offering assistancre to small businesses and entrepreneurd face the same fate barring a reprieve from the which needs to close aprojectede $425 million 2010 shortfall.
The (DHCD) issued letterx to operators of the centers in the firsgt week of March saying the departmentwas “undergoinf a period of severe fiscal restraint” and said it plannexd to use money for the from the federal , for affordable housing. A DHCD spokesmahn said the city is working with reducedc funding through the program andis “havintg to make some hard choices about where we spendf the money.” “Small businesds development is very important to the administration and we’re going to keep working with thesse groups to find some additional resources,” said spokesmahn Sean Madigan.
The chamber’s small businesw center offerscomputer training, business plan assistancw and opportunities to meet with lendersz from local banks. It moved to Takomaw Park in 2007 Alita Brown went to the centee for help with marketing a Fitness Together personal traininhg franchise she opened on H Streety NElast April. With the economy failing, resource centet staff helped Brown craft a direct mail marketinhg plan that led to more new clients in December than she had previouslt signed inany month. “They’ve definitely helped me grow and sustainb my business especially givej that I am in anemergingb market,” Brown said.
Brown said she is not sure where she wouldc have gone had the center not Barbara Lang, president of the D.C. Chamber, worriew other small businesses will find themselvez in asimilar predicament. Since almosr all of the center’sx funding, $306,000 annually, came from only a computer center, which is supported by a grantrfrom , may remain Lang has already informed the center’s three staff members that they will be out of work and started trying to sublet the “It is just a real blow to small businesses,” Lang said. “In this economic you really need small businessess to growand develop.
” The effectiveness of the programz is hard to determine, as the city did not make any forma l review of the programs immediateluy available. Lang said the chamber’s program had server more than300 businesses, equating to millions of dollars annuallu in sales. Robert Moore, president and chief executive ofthe , said his prograjm on 14th Street NW is as popular as Like Lang, Moore received a lettere the first week of Marcbh saying his funding, $340,000, would end by March 31. He also has threed staff members tolay off. “These are very important programs.
Sinces the economic downturn we’ve been flooded with people coming for business training andtechnical assistance,” Moore said. Moore said he planzs to ask that the funding be restoree at a hearing on Leaders of similar organizations facing including the andthe , both in and the (LAYC) in also may testify. Lori Kaplan, executive said LAYC had beenreceiving $150,000p annually to provide a art and media center for local youth. It was open nightzs to keep teens outof trouble. "Whatr we've heard is that their mone is going intoforeclosure stuff," Kaplan said.
She didn't know where the money would come from to continue fundinfthe programs, but thought she may have to lay someonre off. "That's hard money to replace rightf now," she said.
вторник, 18 сентября 2012 г.
Novartis drug Ilaris wins FDA approval - Triangle Business Journal:
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Ilaris will be used to trea cryopyrin-associated periodic syndrome, or CAPS, a diseasde caused by a singl e gene mutation that leads to overproductionb of a protein thatencourages inflammation. Symptoms include rash, fever, headaches, joint pain and conjunctivitis. The disease can lead to bone and joint deformities and central nervoussystej damage. Long term, CAPS can be The Swiss pharmaceutical company, which is buildin a $600 million flu vaccine plant inHolluy Springs, says Illaris acts by selectively blocking the proteim causing the inflammation. Dr.
Hal a professor of pediatrics and medicine atthe , said in a statement that previous CAPS treatmentds have worked by suppressing the entirwe immune system. Newer treatments requires frequent injections. Ilaris needs to be administered only once everyeight weeks. Novartis (NYSE: NVS), is also studying Illariss in clinical trials for the treatmen t of systemic juvenile idiopathicarthritis (SJIA), as well as for chronic obstructive pulmonary disorder and type 2 diabetes. Novartizs has been granted orphan drug designation for SJIA in the United European Unionand Switzerland. The FDA grants orphan drug status for medicines treating diseases affecting fewerthan 200,00o0 people.
The designation allows a drug company tax incentives for clinical trialsx and marketing exclusivity for seven years if the drug is Constructionon Novartis’ Holly Springs plant is expectedc to be finished late this year or sometim next year. The facility eventually could employ up to300
Ilaris will be used to trea cryopyrin-associated periodic syndrome, or CAPS, a diseasde caused by a singl e gene mutation that leads to overproductionb of a protein thatencourages inflammation. Symptoms include rash, fever, headaches, joint pain and conjunctivitis. The disease can lead to bone and joint deformities and central nervoussystej damage. Long term, CAPS can be The Swiss pharmaceutical company, which is buildin a $600 million flu vaccine plant inHolluy Springs, says Illaris acts by selectively blocking the proteim causing the inflammation. Dr.
Hal a professor of pediatrics and medicine atthe , said in a statement that previous CAPS treatmentds have worked by suppressing the entirwe immune system. Newer treatments requires frequent injections. Ilaris needs to be administered only once everyeight weeks. Novartis (NYSE: NVS), is also studying Illariss in clinical trials for the treatmen t of systemic juvenile idiopathicarthritis (SJIA), as well as for chronic obstructive pulmonary disorder and type 2 diabetes. Novartizs has been granted orphan drug designation for SJIA in the United European Unionand Switzerland. The FDA grants orphan drug status for medicines treating diseases affecting fewerthan 200,00o0 people.
The designation allows a drug company tax incentives for clinical trialsx and marketing exclusivity for seven years if the drug is Constructionon Novartis’ Holly Springs plant is expectedc to be finished late this year or sometim next year. The facility eventually could employ up to300
воскресенье, 16 сентября 2012 г.
BJP questions UPA Government's seriousness on tackling corruption - TruthDive
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BJP questions UPA Government's seriousness on tackling corruption TruthDive BJP questions UPA Government's seriousness on tackling corruption. Posted by News Desk on September 16, 2012 in National, News, Sourced, Wired · 0 Comments. New Delhi, Sep 16 (ANI): The Bharatiya Janata Party (BJP) on Sunday said if the ... |
суббота, 15 сентября 2012 г.
Chargers impose their will against Eagles - Culpeper Star Exponent
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Chargers impose their will against Eagles Culpeper Star Exponent BEALETON â€" The matchup between Chancellor's Steven Moss and Liberty's Wyatt Teller was like watching two heavyweight prizefighters go toe-to-toe. If that was the case, then the fourth quarter was like the 12th round, and Moss unloaded with a flurry of ... |
пятница, 14 сентября 2012 г.
Warren Buffett sells remaining Constellation shares - Charlotte Business Journal:
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Buffett, his company (NYSE: BRK.A, BRK.B), and that company’s subsidiary , are each no longer stockholderse inConstellation (NYSE: CEG), according to a form with the Securitiez and Exchange Commission filed Monday. They have been slowlyu divesting the stock over the past weeksand months, owninh 7.3 percent in February and 6.3 percentt last month. The sale ends the relationship between the investorand Constellation, one of two Fortun e 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percent stake in Constellation whenits $4.7 billion bid for the company made in Septembee was rejected three monthds late.
That offer came after a cash crunch led to a steepl declinein Constellation’s stock price over several days and some investorw feared bankruptcy. Constellation spurned the offerd in favor of a deal tosell 49.99 percenft of its nuclear business for $4.5 billion to Frenchb firm , which had also been in the biddin g for the company in September. For the cancelation, Constellation had to pay $175 million in breakup fees and $418 million for It also had to repaya $1 billion loan from Buffett with 14 percent A decision on whether the deal with EDF requires Maryland approval is expected in a The deal is expected to closd this fall.
Buffett, his company (NYSE: BRK.A, BRK.B), and that company’s subsidiary , are each no longer stockholderse inConstellation (NYSE: CEG), according to a form with the Securitiez and Exchange Commission filed Monday. They have been slowlyu divesting the stock over the past weeksand months, owninh 7.3 percent in February and 6.3 percentt last month. The sale ends the relationship between the investorand Constellation, one of two Fortun e 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percent stake in Constellation whenits $4.7 billion bid for the company made in Septembee was rejected three monthds late.
That offer came after a cash crunch led to a steepl declinein Constellation’s stock price over several days and some investorw feared bankruptcy. Constellation spurned the offerd in favor of a deal tosell 49.99 percenft of its nuclear business for $4.5 billion to Frenchb firm , which had also been in the biddin g for the company in September. For the cancelation, Constellation had to pay $175 million in breakup fees and $418 million for It also had to repaya $1 billion loan from Buffett with 14 percent A decision on whether the deal with EDF requires Maryland approval is expected in a The deal is expected to closd this fall.
среда, 12 сентября 2012 г.
SUMCO Phoenix to close Maineville plant - Business Courier of Cincinnati:
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a manufacturer of silicon wafers, will close its plantg in Maineville over thenext year. The which employs about 360, will close on June 30, according to a statement fromthe company. It produces smaller-diametet silicon wafers, for whicuh demand has been thecompany said. "This was a very yet necessary conclusion to reac h for the continued survival of our saidShigetoshi Shibuya, president and CEO of SUMCl Phoenix, in the release.
"The employees at Maineville have triex valiantly for some time to makethis work, and we are extremelhy grateful to them; our operations there have been severelyt impacted by both the unexpectedf nosedive of the global economy and changees within the industry itself over the past The Maineville plant, on Grandin was purchased by SUMCOk in 1989 from Milacron Inc. The facility manufactures wafers for semiconductors usedin diodes, motor controllers, ignition systems, alternators and transformers.
The company said it plans to consolidate its smalol wafer production into its other SUMCO employs about 900 in the United States and also has manufacturingt facilitiesin Phoenix, where its U.S. operations are and Albuquerque, N.M. It is a unit of Japan-based SUMCk Corp.
a manufacturer of silicon wafers, will close its plantg in Maineville over thenext year. The which employs about 360, will close on June 30, according to a statement fromthe company. It produces smaller-diametet silicon wafers, for whicuh demand has been thecompany said. "This was a very yet necessary conclusion to reac h for the continued survival of our saidShigetoshi Shibuya, president and CEO of SUMCl Phoenix, in the release.
"The employees at Maineville have triex valiantly for some time to makethis work, and we are extremelhy grateful to them; our operations there have been severelyt impacted by both the unexpectedf nosedive of the global economy and changees within the industry itself over the past The Maineville plant, on Grandin was purchased by SUMCOk in 1989 from Milacron Inc. The facility manufactures wafers for semiconductors usedin diodes, motor controllers, ignition systems, alternators and transformers.
The company said it plans to consolidate its smalol wafer production into its other SUMCO employs about 900 in the United States and also has manufacturingt facilitiesin Phoenix, where its U.S. operations are and Albuquerque, N.M. It is a unit of Japan-based SUMCk Corp.
вторник, 11 сентября 2012 г.
воскресенье, 9 сентября 2012 г.
University of Phoenix adding resource center - San Antonio Business Journal:
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The center, says Wally Hedgecock, vice president and directof for the local will provide university students a places to network with faculty and othetr students and work withthe university’as enrollment, financial and academic counselors. “It’ll be a placs for students to go — whethere they’re on campus or online studentsx — who live in the area, and acceses tutoring ... workshops and go and hang out and work ontheidr homework,” Hedgecock says. The new centedr will be between 5,000 and 6,000 squarer feet and will have a researc room with anywhere from 12 to 16 workstationawith computers.
There will also be tutorin rooms, administrative offices, a staffed lobby area and a snack bar. The center will have the capacity to serve betwee 25 and 30 students and will suppor t up to 14 faculty and Hedgecock says the university hopes to open the new centefr sometime in late summer orearl fall. An exact timeline will be determined once the leaswe for the propertyis finalized. The University of Phoenicx has been in the Alamo Citysinces 2004. It has more than 190 campusesz and learning centers in North Americaand Europe.
It is a subsidiarty of Phoenix-based Other subsidiaries of Apollo Group includre the Institute for Professional the Collegefor and
The center, says Wally Hedgecock, vice president and directof for the local will provide university students a places to network with faculty and othetr students and work withthe university’as enrollment, financial and academic counselors. “It’ll be a placs for students to go — whethere they’re on campus or online studentsx — who live in the area, and acceses tutoring ... workshops and go and hang out and work ontheidr homework,” Hedgecock says. The new centedr will be between 5,000 and 6,000 squarer feet and will have a researc room with anywhere from 12 to 16 workstationawith computers.
There will also be tutorin rooms, administrative offices, a staffed lobby area and a snack bar. The center will have the capacity to serve betwee 25 and 30 students and will suppor t up to 14 faculty and Hedgecock says the university hopes to open the new centefr sometime in late summer orearl fall. An exact timeline will be determined once the leaswe for the propertyis finalized. The University of Phoenicx has been in the Alamo Citysinces 2004. It has more than 190 campusesz and learning centers in North Americaand Europe.
It is a subsidiarty of Phoenix-based Other subsidiaries of Apollo Group includre the Institute for Professional the Collegefor and
суббота, 8 сентября 2012 г.
Life in prison for Va. couple in family's fire deaths - Washington Post (blog)
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Life in prison for Va. couple in family's fire deaths Washington Post (blog) HARRISONBURG, Va. â€" A Virginia couple have been sentenced to life in prison for the slayings of a West Virginia family. Lorie Ann Taylor-Keller and her husband, Nakia Keller, were sentenced Thursday in U.S. District Court in Harrisonburg. Each faces ... Va. couple sentenced to life for W.Va. slayings Family Friend of Murder Victim Discusses Trial of Killers VA Couple to be Sentenced in W.Va. Slayings |
пятница, 7 сентября 2012 г.
TEXT-Fitch rates Residential Mortgage Securities 26 plc - Reuters
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TEXT-Fitch rates Residential Mortgage Securities 26 plc Reuters Sept 6 - Link to Fitch Ratings' Report: Residential Mortgage Securities 26 PlcSept 6 - Fitch Ratings has assigned Residential Mortgage Securities 26 plc's RMBS notes expected ratings, as follows: GBP150,000,000 Class A: 'AAAsf(EXP)', Outlook Stable ... Fitch warns on pre-crisis RMBS downgrades < /p> |
среда, 5 сентября 2012 г.
First tenants at Grandview Yard unveiled - Jacksonville Business Journal:
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Plans filed with the city July 7 show developef Nationwide RealtyInvestors Ltd. wants to build the firsft $40 million worth of projects as it continuesa planning forthe broader, $500 million to $600 million redevelopment on 90 acresd in the suburb’s industrial core. The city’ s planning commission will consider the HyatgPlace hotel, Urban Activew fitness center and a planned Jason’sw Deli in the office building as conditional The preliminary and finaol development plan must go throughb the commission as well as Grandview Heightw City Council.
Dublin-based M&A Architects, the designed of the three-story officee building, plans to occupy at least 20,00 0 square feet on the top floor. The planzs mark the first projects presented to the city for approvalo since Nationwide Realty first began acquiring the former Big BearStorew Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estate projects, Grandvieaw Heights City Council at its July 6 meeting heard a first readin g of a development agreement between the city and Nationwide The resolution outlines how the city will payfor $78 million in road improvements and utilities insidw Grandview Yard and anothert $41 million in off-sitse public improvements.
Other legislation in supportr of the development agreement is expectedd to be introduced as early as a speciap July 13council meeting. Constructiobn on the three buildings and the first phase of road and utilitty projects could begin as early as late The office, hotel and fitness centee should open in fall 2010, said Nationwide Realtgy President Brian Ellis. “We should be pretty well positioned to get theprojecf going,” he said. The city’s mayor welcomed the sign of progreszs despite the tougheconomic environment.
“Getting something out of the ground,” Mayo Ray DeGraw said, “will attract attention and more
Plans filed with the city July 7 show developef Nationwide RealtyInvestors Ltd. wants to build the firsft $40 million worth of projects as it continuesa planning forthe broader, $500 million to $600 million redevelopment on 90 acresd in the suburb’s industrial core. The city’ s planning commission will consider the HyatgPlace hotel, Urban Activew fitness center and a planned Jason’sw Deli in the office building as conditional The preliminary and finaol development plan must go throughb the commission as well as Grandview Heightw City Council.
Dublin-based M&A Architects, the designed of the three-story officee building, plans to occupy at least 20,00 0 square feet on the top floor. The planzs mark the first projects presented to the city for approvalo since Nationwide Realty first began acquiring the former Big BearStorew Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estate projects, Grandvieaw Heights City Council at its July 6 meeting heard a first readin g of a development agreement between the city and Nationwide The resolution outlines how the city will payfor $78 million in road improvements and utilities insidw Grandview Yard and anothert $41 million in off-sitse public improvements.
Other legislation in supportr of the development agreement is expectedd to be introduced as early as a speciap July 13council meeting. Constructiobn on the three buildings and the first phase of road and utilitty projects could begin as early as late The office, hotel and fitness centee should open in fall 2010, said Nationwide Realtgy President Brian Ellis. “We should be pretty well positioned to get theprojecf going,” he said. The city’s mayor welcomed the sign of progreszs despite the tougheconomic environment.
“Getting something out of the ground,” Mayo Ray DeGraw said, “will attract attention and more
вторник, 4 сентября 2012 г.
The Woodlands makes Forbes
adamovaichive.blogspot.com
Fifty-eight percent of residents in The Woodlands were born in a differen t stateor abroad, according to the 2000 Twenty-six percent of residents moved into the area within five At No. 1 was Alpharetta, Ga., outside of Atlanta, where more than 70 percent of residentsa were born somewhere otherthan Georgia. More than a thirxd of the residents in 2000 had come from another statse or abroadsince 1995, according to Forbews . Sugar Land just missed making the coming inat No. 30.
The magazine ranked towns knownas “Relovilles” young, mid- and upscale suburbs near company plantz and office parks outside major Forbes used Census data to locate the which boast populations of more than Factors included the number of people in each town who were born out of stated or abroad, who had moved into town from a considerable moved within one to five years and moved for a job. The Top 25 Relovillee have twicethe incomes, twice the home values and home twice the college degrees, twice as many youth and half as many twice the divorce rates and twicd the number of residents who vote according to the magazine’s research.
Fifty-eight percent of residents in The Woodlands were born in a differen t stateor abroad, according to the 2000 Twenty-six percent of residents moved into the area within five At No. 1 was Alpharetta, Ga., outside of Atlanta, where more than 70 percent of residentsa were born somewhere otherthan Georgia. More than a thirxd of the residents in 2000 had come from another statse or abroadsince 1995, according to Forbews . Sugar Land just missed making the coming inat No. 30.
The magazine ranked towns knownas “Relovilles” young, mid- and upscale suburbs near company plantz and office parks outside major Forbes used Census data to locate the which boast populations of more than Factors included the number of people in each town who were born out of stated or abroad, who had moved into town from a considerable moved within one to five years and moved for a job. The Top 25 Relovillee have twicethe incomes, twice the home values and home twice the college degrees, twice as many youth and half as many twice the divorce rates and twicd the number of residents who vote according to the magazine’s research.
воскресенье, 2 сентября 2012 г.
Biz Bits - Nashville Business Journal:
hustbelogehy1857.blogspot.com
, which owns the building and will occupytwo units, is offerinf up a $5,000 credit for the firstt six small businesses that sign a lease in the flex spacd project. Businesses can choose from an arrayof design, printing and marketin services from logos to Web The ailing retail and real estate and the glut of vacant has pushed commercial building owners to offer a host of incentivew to attract tenants, from rent discounts to creditse for improvements. Park Place, located on the southy side of Franklin at 114 SEParkwayu Court, is a mix of officwe and warehouse space. of Franklin is the general The project is valuedbetween $5 millionh and $6 million.
Each unit is 3,444 square with about 24,000 square feet available now. Franklin residentws Christopher and Wendy Durik have owned and managesd Durik Advertising for 14 catering to smalland medium-sized businesses in industriezs such as manufacturing, building services, health entertainment, food service and nonprofit groups. , a markegt and food research companyin Nashville, has completed its $3.1 12,000-square-foot research facility. The project includexs a 3,500-square-foot commercial research kitchen called the Focus Nashvilld CulinaryInsights Center. “The new facility makes Nashville a top destination for market and food company president RandyHunter says.
Focus at 2948 Sidco Drive, conducts market research primarilhy for the food industry but also for the health care, horticulture, media and packaged goodsz sectors. “Thanks to the depth and scoper of ourresearch experience, we understandd client needs during the research process and work to providd a comfortable, flexible environment with a range of researcuh services under one roof,” Hunter You’re invited: Baptist Hospital is hostin g a community baby shower, collecting basic necessities such as baby diapers and baby wipes for low-income families. The shower begins Saturdau at theBaby Fair, a free event for expectany parents from 10 a.m. to 3 p.m.
at Baptist It runs through Mother’s Day on May 10. “Ever y day we see patients and families who have a tremendou need for assistance once they go home from the Baptist CEO BernieSherry “Several local organizations have indicated to us there is a gap betweej the demand and supply for baby necessities.” Donationds can be dropped off at Baptist 2000 Church Street, or at any Middle Tennessee store in the bins. For more information, go to . might be callesd on to take over the assets of its troubled partnertin Nashville. Nashville-based filed for Chaptedr 11 bankruptcy protectionlast August.
The reorganization is pending inbankruptc court, says Jon Waller, chief legal counseo for Norcross, Ga.-based Waffle House, and a resolution could come in 90 “It’s our flag, it’s our and we care a lot abou what happens to that business,” he says. The situatiohn with SouthEast follows the failureof Fla.-based , Waffle House’s oldest and biggest franchisee, which the Georgia chain acquired out of bankruptct Feb. 4 and took control of its 121 SouthEast Waffles has been rocked by allegations of mismanagement by its creditorsa and has closedseveral stores. At its the company operated 115 Waffle House restaurantsein Tennessee, Alabama and In a Sept.
16 filing in a Tennesseee federal court, accused the debtor of “groses mismanagement.” The Internal Revenue Service claims past-due employment taxes, interestg and penalties of about $2.8 million. Gary an Atlanta-based corporate turnaround specialist, joined SouthEastr Waffles last year to help managethe — Atlanta Business Chronicle
, which owns the building and will occupytwo units, is offerinf up a $5,000 credit for the firstt six small businesses that sign a lease in the flex spacd project. Businesses can choose from an arrayof design, printing and marketin services from logos to Web The ailing retail and real estate and the glut of vacant has pushed commercial building owners to offer a host of incentivew to attract tenants, from rent discounts to creditse for improvements. Park Place, located on the southy side of Franklin at 114 SEParkwayu Court, is a mix of officwe and warehouse space. of Franklin is the general The project is valuedbetween $5 millionh and $6 million.
Each unit is 3,444 square with about 24,000 square feet available now. Franklin residentws Christopher and Wendy Durik have owned and managesd Durik Advertising for 14 catering to smalland medium-sized businesses in industriezs such as manufacturing, building services, health entertainment, food service and nonprofit groups. , a markegt and food research companyin Nashville, has completed its $3.1 12,000-square-foot research facility. The project includexs a 3,500-square-foot commercial research kitchen called the Focus Nashvilld CulinaryInsights Center. “The new facility makes Nashville a top destination for market and food company president RandyHunter says.
Focus at 2948 Sidco Drive, conducts market research primarilhy for the food industry but also for the health care, horticulture, media and packaged goodsz sectors. “Thanks to the depth and scoper of ourresearch experience, we understandd client needs during the research process and work to providd a comfortable, flexible environment with a range of researcuh services under one roof,” Hunter You’re invited: Baptist Hospital is hostin g a community baby shower, collecting basic necessities such as baby diapers and baby wipes for low-income families. The shower begins Saturdau at theBaby Fair, a free event for expectany parents from 10 a.m. to 3 p.m.
at Baptist It runs through Mother’s Day on May 10. “Ever y day we see patients and families who have a tremendou need for assistance once they go home from the Baptist CEO BernieSherry “Several local organizations have indicated to us there is a gap betweej the demand and supply for baby necessities.” Donationds can be dropped off at Baptist 2000 Church Street, or at any Middle Tennessee store in the bins. For more information, go to . might be callesd on to take over the assets of its troubled partnertin Nashville. Nashville-based filed for Chaptedr 11 bankruptcy protectionlast August.
The reorganization is pending inbankruptc court, says Jon Waller, chief legal counseo for Norcross, Ga.-based Waffle House, and a resolution could come in 90 “It’s our flag, it’s our and we care a lot abou what happens to that business,” he says. The situatiohn with SouthEast follows the failureof Fla.-based , Waffle House’s oldest and biggest franchisee, which the Georgia chain acquired out of bankruptct Feb. 4 and took control of its 121 SouthEast Waffles has been rocked by allegations of mismanagement by its creditorsa and has closedseveral stores. At its the company operated 115 Waffle House restaurantsein Tennessee, Alabama and In a Sept.
16 filing in a Tennesseee federal court, accused the debtor of “groses mismanagement.” The Internal Revenue Service claims past-due employment taxes, interestg and penalties of about $2.8 million. Gary an Atlanta-based corporate turnaround specialist, joined SouthEastr Waffles last year to help managethe — Atlanta Business Chronicle
суббота, 1 сентября 2012 г.
Panacos turns to longtime pharmaceutical exec for CEO - Washington Business Journal:
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Alan Dunton, a medical doctor who most recently was board chairma forof Lexington, Mass., has been hired by a Watertown, Mass.-based company that owns a researchn and development plant in He had served as president and CEO of before it merges with ActivBiotics. Previously, Duntobn was an executive at andJohnson & Johnson, including a few of its subsidiaries. He's been on the boarde of several companies, such as , , and . Panacoe added Dunton to its board of expanding what had beena seven-person group.
Peyton Marshall, who became Panacos' acting chief executive after formetr CEOSamuel "Skip" Ackerman suddenlt passed away in June, will return to his originak post of executive vice president and CFO. Panacos (NASDAQ: is developing an HIV bevirimat, but reported last month that its 400-milligrak tablet version didn't perform as well as anticipated in PhassIIb results. Since then, the company has filexd to begin clinical tests on an improvesd versionthis year.
According to the company's regulatoryt filings, roughly a third of Dunton's stock optionsa are based on the company's success in reachinbg the third phase of product filing a new drug application for a marketable drug and eitheraising $50 million in financing or winning a commercia l partner for bevirimat. The options will also vest five years fromhis Jan. 5 hirinh date if those milestones aren't reached by
Alan Dunton, a medical doctor who most recently was board chairma forof Lexington, Mass., has been hired by a Watertown, Mass.-based company that owns a researchn and development plant in He had served as president and CEO of before it merges with ActivBiotics. Previously, Duntobn was an executive at andJohnson & Johnson, including a few of its subsidiaries. He's been on the boarde of several companies, such as , , and . Panacoe added Dunton to its board of expanding what had beena seven-person group.
Peyton Marshall, who became Panacos' acting chief executive after formetr CEOSamuel "Skip" Ackerman suddenlt passed away in June, will return to his originak post of executive vice president and CFO. Panacos (NASDAQ: is developing an HIV bevirimat, but reported last month that its 400-milligrak tablet version didn't perform as well as anticipated in PhassIIb results. Since then, the company has filexd to begin clinical tests on an improvesd versionthis year.
According to the company's regulatoryt filings, roughly a third of Dunton's stock optionsa are based on the company's success in reachinbg the third phase of product filing a new drug application for a marketable drug and eitheraising $50 million in financing or winning a commercia l partner for bevirimat. The options will also vest five years fromhis Jan. 5 hirinh date if those milestones aren't reached by
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