Sunday, September 30, 2012

NFL 'not overly concerned' Green Bay-Seattle game affects playoffs - National Football Post

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NFL 'not overly concerned' Green Bay-Seattle game affects playoffs

National Football Post


IRVING, Texasâ€"Just as the NFL hoped a critical mistake by replacement officials would not swing the balance of a game, the league now has to hope the botched outcome of Monday's Packers-Seahawks game doesn't swing the balance of the standings ...



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Saturday, September 29, 2012

Another Good Sign for Ingo - AllAfrica.com

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Another Good Sign for Ingo

AllAfrica.com


Dakar rider Ingo Waldschmidt, who will be tackling the much anticipated 'Argentina/Chile/Peru Dakar' off-road race which takes place on 5 -20 January, 2013 has notched up another sponsorship - the Sign Shop to assist him in his endeavours. When it ...



Friday, September 28, 2012

Angel comes to the rescue for small investment needs - Minneapolis / St. Paul Business Journal:

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The fund, called , has raised about $1.5 million from its 30 members so far, with plana to go as high as $3 With additional side investmentsfrom members, the fund could eventuallty have $5 million to $7 million under Twin Cities Angels will focus on deals betweebn $50,000 to perhaps $1 million, said founderr John Alexander. That puts it betweem the stagesof friends-and-family funding and low-end venture capita -- an area that's been lacking in Minnesota, criticzs say. Alexander said the fund could improvew the traditional angel in which entrepreneurs seek outindividuaol investors.
"We've been looking for a way to do it said Alexander, a former executive at The angel-network modelp pools the funds of individual investors, who also contributes time to research prospective Unlike a venture-capital firm, memberd don't collect fees, which keepsa overhead low. "This is an experiment, but it's one that' s been tried before [elsewhere] and it's workede pretty well," he said. Alexander's effort has attractesd about 30 peopleso far, includingv Tom Kieffer, a veterabn entrepreneur and a member of the Itasca a business-development group. Kieffer had met Alexandet while researching ways toimprove small-businesds development in the Twin Cities.
One of the thingsw Kieffer liked about the Twin Citiee Angels project was its willingness to be Many angelinvestors don't like to advertise their existence, whichb makes it hard for entrepreneurs to find "Having a network that's high-profile is tremendously he said. The group will be able to connect startups toa "shadoww network" of more secretive investors, as well. "I thinm this will help stimulate a lotof activity.
" The group's Web site, , is expected to go live this

Wednesday, September 26, 2012

MPS nurses: On the front line of students

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In fact, curing stomachaches with snackss for studentswho haven’t gotten enough to eat is just one of the taskws Wollmer juggles at the two on the city’ northwest side where Wollmer splits her time as the schoop nurse. Wollmer, 44, knows all of the studente by name atboth schools. Dozens of them sick or well — duck their heads into her offic e every day tobid “Miss a good day. She’ friendly but firm, making sure students head back to claszs ifthey aren’t ill. “I have to run a pretthy tight ship, otherwise ther would be kids chatting and snacking in here all Wollmer said.
“My goal is to keep them healthy and At thesame time, I try to be a good role modep and a person they can go to if they feel threatene d or unsafe.” MPS expanded its health prograk in 2006 by adding more than 50 licenseds practical nurses and registered nurses to the Since that time, class absences have been reducexd and there is an improved rate of immunization compliance in the according to a recent studyu by the ’s .
Over the past thres years, MPS nurses have identified and referred morethan 1,400 studentse for eye exams, conducted more than 700 health education classes for faculty and students, and have returnee students to their classroomes about 90 percent of the reducing school absences, according to the studyg conducted in the 2007-08 school year. “Peoplw often think of school nursinhg as a lesser version of beinga nurse, but you actuallyt have to be a skilled nursre because it’s an independent practice,” said Kathleejn Murphy, MPS health coordinator. “Whemn you are a school nurse, you are the healtn authority inthe building.
You have to thinmk critically, expertly assess situations and be awares of what is happening inthe community.” One commom problem in the MPS community is the numbef of students with asthma. Milwaukee was namer the third worst U.S. city for asthmas sufferers in 2008 bythe , D.C. The foundation examined severalk factors includingair quality, publicv smoking laws and the poverty and uninsured rate s for the report. Asthma need to be treated on an ongoing basiw and with amedical plan, much like diabetes said Wollmer, a registered nurse.
Doing so keeps students out of hospitao emergency rooms and saves health care Many times school nursexs area family’s first entry to the healtnh care system, according to the on School Elk Grove Village, Ill. School nurses are trained to help familiesw enroll in public health insurance programd that they may beeligible for, such as Wisconsin’sz BadgerCare, so students and their families continue receivingy health care and are connected with a primary care “MPS nurses clearly understand the linkes between health and learning,” said Mary Jo lead evaluator for the UWM “We also learned school nurses are an important link betweenj parents, guardians and the Expansion of the MPS school healtjh program was funded by federal money that alloweds the district to hire additional nursesx in schools where at least 40 percent of the students’ families were classifiedf as low income, a definition that fits almost all MPS schoolxs since 80 percent o f children who attend MPS live in families who are at or below the poverth level.
MPS currently employs 32 licensedpracticao nurses, 53 registered nurses and five supervisinbg registered nurses. The nurses split time in 103 ofthe district’z 213 schools. The districft also is assisted by healthcare , Milwaukee, covers nine MPS schools with the servicess of about six health care Children’s Hospital of Wisconsin assists in 19 schoolsw and Froedtert Hospital nurses regularly visit two About 15 schools still do not have a nurse present on campus, but district officials hope to fill thos e positions, Murphy said. However, that might be given the nursing shortage and the job beintg perceived as less desirablesby some, Murphy said.
For who spent much of her nursing careerat Children’s her decision to work for MPS four yeards ago seemed like a naturaol fit. Wollmer is a productt of the MPS system and understandxs where a lot of the familiezs she serves arecoming “Some of (the students) come in with mismanagedr care,” she said. “Ik don’t want to form These are the children I see and the families Iwork That’s all that matters.

Tuesday, September 25, 2012

Ruling on Coyotes move could come Wednesday - Pacific Business News (Honolulu):

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U.S. Bankruptcy Court Judge Redfield Baum strugglesd to stay on taskat Tuesday’ds hearing as attorneys representing Balsillie, Coyotes owner Jerryy Moyes, the city of the and other professional sports leagues delivered hours of oral arguments over bankruptcy code, anti-trust law, relocatiomn and other legal issues. Baum and the myriads of attorneys delved into obscures bankruptcy provisions and past relocations by teams includinvg theOakland Raiders, San Diego Quebec Nordiques and Baltimore Colts.
Baum focused on whether Balsilliee will have to pay the NHL a relocation fee on top ofhis $213 millionh offer to buy the financially strappesd Coyotes from Phoenix trucking company owner Jerry Moyes. The relocationj fee could total as muchas $100 court documents indicate. Baum appears ready to rule that the NHL has the rightes to the Hamilton markert and if the Coyotes aremoved there, Balsillies will have to compensatse the league for loss of an expansion opportunity. The city of Glendale pressed Baum to consider legal claims and costs that wouldr accompany a moveto Canada.
That couled offset an offer as lowas $140 million by partiesz wanting to keep the team in Arizona, city representativee said. Glendale officials said they woulxd make a claim for as muchas $500 millio if the team breaks its lease at the city-ownedr Jobing.com Arena. Arena concessionaire Aramark Corp. also could make a Moyes and Balsillie’s attorneys arguex that a lease claim is subject to varioue monetary caps and that the court can dischargw lease terms and penalties in ordet to maximizethe team’s value for creditors. Moyexs said a decision could come Wednesday and has urgedr the court to hold an auctiom sale for the hockey team onJune 22.
The NHL and Glendalr say the sale shoulf be put off until August and the league said it will financde the Coyotes into next seasonj ifneed be. Glendale attorneyx also pressed Baum to find out how much monety Moyes may have taken out of the They point to the fact the Coyotes spenrd money leasing private offic space at Westgate City Center instead of using arena Moyes spokesman Steve Roman saidthe city’sd speculation that Moyes is profiting from that arrangemengt is false. Moyes and Westgate developer Stevre Ellman splitjoint assets, including the in 2006 with Moyes taking over as team owner. The Coyoteds have lost more than $300 milliobn since moving to Phoenix from Winnipebgin 1996.

Sunday, September 23, 2012

Woodmont TCI Group files for bankruptcy - Triangle Business Journal:

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The partnership, IX LP, listed assets of $10 million to $50 milliomn and liabilities in thesame range, accordint to its petition, filed June 30 in U.S. Bankruptcyh Court for the Northern District of Texas. The company has fewer than 50 creditors, accordinhg to the filing. The partnership is one of eighr tied to Woodmont TCI Group to file forChapter 11, said attorneu John Lewis. The partnerships share common The company is unrelated to TheWoodmont Co. basecd in Fort Worth. The eight partnerships combined representabout $90 million in assets and about $45 million in combined debt, Lewis estimated. He said more detailedf court documents laying out specifics will be filed in coming weeks.
The number of creditors in each partnershipl range from 10to 30. "The goal obviously is to develoo a plan ofreorganization that's fair and equitable to all creditors and partiese and interests, which includes preserving and protectingv equity and value for unsecure creditors and partners," Lewis said. "The precised terms of any plan are stillounder consideration." A meeting with creditors is set for July 30. Dallaws developer in 2008 announced plans to builda $1 billio complex that was to includs about 700,000 square feet of office space, a 300-room retail space and about 500 high-rise The project was put on hold last year because of the recessio and the credit crunch.
It was to be builg on a 15-acre tractg owned by Woodmont TCI Group IX LP that sits just east of the Galleriw Towers at Interstate 635 and the DallasNorth Tollway. The site previousl was home to aChevrolet dealership. Icon Managing Partner Dan Robinowitz, who is listedr in court documents as the managingt member of the WoodmontTCI partnerships, declinesd comment Thursday. Lender RMR Investments Inc. of California has filerd for foreclosure onthe property, seekin repayment of more than than $18 million in debt for a loan to Woodmon t TCI Group IX, according to statistics from Addison-basedr .

Saturday, September 22, 2012

Guilty pleas in death threats to Obama, Biden - CBS News

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CBS News


Guilty pleas in death threats to Obama, Biden

CBS News


According to court records, Swanson c »

Friday, September 21, 2012

Pakistan TV Airs Obama Ad Denouncing Anti-Islam Video - Bloomberg

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Channel 4 News


Pakistan TV Airs Obama Ad Denouncing Anti-Islam Video

Bloomberg


Pakistan's Prime Minister Raja Pervez Ashraf appealed for calm as security forces bid to counter violent protests against an anti-Islam film that continues to spark demonstrations across the Muslim world. The government shut mobile-phone services in ...


Obama administration airs ads in Pakistan, condemning anti-Islam film

Politico


Pakistan TV airs Obama ad disavowing anti-Islam film

Jerusalem Post


America airs ads on Pak TV condemning anti-Islam film to pacify enraged Muslims

Newstrack India


The Atlantic Wire


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Wednesday, September 19, 2012

TV: Poster, Stills For “The Simpsons” Treehouse of Horror XXIII (Episode 23.02)! - Bloody Disgusting

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Bloody Disgusting


TV: Poster, Stills For “The Simpsons” Treehouse of Horror XXIII (Episode 23.02)!

Bloody Disgusting


FOX has announced the “Treehouse of Horror XXIII” episode of “The Simpsons” airing Sunday, Oct. 7 (8:00-8:30 PM ET/PT). Jon Lovitz (“Hot in Cleveland”) makes a guest-voice appearance in the all-new annual Halloween-themed episode! “Destin ed to be ...



Tuesday, September 18, 2012

Schweiker made most of partnerships - Philadelphia Business Journal:

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In his decision to leav e the region’s largest business organizationb announcedthis week, he is joining a risinhg star in the form of Philadelphia’sz business community has every reason to wish Schweiker and PRWT both due to his successew and PRWT’s blossoming potential as a powerhouse minority-owned (See story: Page 5.) Schweikef was recruited to lead the chambet in 2003 — a career politiciajn who moved from lieutenant governor to the top job when Gov. Tom Ridgse was appointed chief of the afteethe 9/11 terrorist attacks in 2001. The current chairma n of the chamber, Executive Vice President David L.
praised Schweiker this week, calling him classty for givinga six-month notice and an uncommonluy effective leader. There’s no doubt the chamber has continued to enhancwe its status as a stron g representative of business in some key waysunde Schweiker, who arrived with a mandatw to expand the group’s economy-building Of course, he had quality The regional marketing initiative Select Greater Philadelphia came abouty due to the chamber’s merger with Greater Philadelphia First. GPF had planned to raise $16 million to spend on business attractiob overfour years. Schweiker played the essential role of fundraisere along with staff and markef leaderHugh Long.
During most of Schweiker’s CEO Joseph Frick was the chamber’s A leader with plent y of heart, Frick brought his work force development advocacy tothe group. Schweikerr and his employees carried out the mission by expandinh paid internships with some ofthe chamber’z 5,000 company members. Last year, the chamber brokere d jobs for 1,500 high schoop interns with able administratiomn from thenonprofit . If the chamber is financiallu successful with strongmember services, and Cohehn says it is, Schweiker would surely give credig to his effective team. The group is a well-oile d events machine, drawing admission-paying crowds.
Schweiker’s chamber has waveres in its advocacy for tax His predecessor, chamber CEO Charles P. Pizzi, had helped lead the famoua briefcase brigade march on City Hall in 2002 to demanr continued cuts inthe city’s uncompetitivelh high wage tax. At a City Council hearing in Schweiker testified that he thoughta voter-created Tax Reform Commission’s proposed tax reformw went too far. The chamber also ratifierd MayorMichael Nutter’s decisio to back off his pledgwe to cut taxes in lighr of projected budget shortfalls.
Businessz taxes here remain among the highesty in thenation and, as in yeare past, business leaders in a survey released this week ranke d taxes as the major regional Cohen, who will be the man in charge as the chamber finds Schweiker’s successor, has outlined compelling priorities tied to work force development and diversity. Here’s hoping part of Schweiker’sx leadership legacy won’t be marked as the time when the chambere ended its advocacy for a more equitablewtax system.
Many argue cogently that accelerating taxcuts isn’tg feasible now due to a dire budget outlook, but this tax issuee won’t go away just because times are Business owners will continue to weigh in on the matter by taking jobs out the city, or more often, quietlyh choosing not to bring them here to beginb with.

Sunday, September 16, 2012

Web addresses will enter a new and bigger domain - bizjournals:

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For example, the city of Kansasd City could buy a domain name and change its addresswfrom www.kcmo.org to www.kcmo.kansascitt if it so decided. Some trademarmk lawyers and social media experts sugges t that businesses will want to updatwe their trademarks before lest a competitor or arogued domain-squatter buys an extension and sets up a mirrof Web site to an existinh corporate site. “It seems kind of scary for a big brand. Perhaps ... would have to buy all thoser extensions,” said Angelo Trozzolo, presidenf of .
“I don’tg see it being as big an issue for the smaller New domain extensions arenot cheap: $185,000 for the initiap registration and an additionap $75,000 annual maintenance fee. “They have been debatingy how high to make the cost because they want to make it high enoughn that legitimate businesses are doing this but not so high that peoplse arediscriminated against,” said Joan Archer, an intellectuap property lawyer at . Buying new domain extensionsw offers possible upside as an avenud to extend brand control with additional Internet domain Archer said.
“It gives you greater control over your Basically (it) gives you the ability to do a lot of thingx with those extensions,” she Others are less certain that new domain names will catch on. Ed Marquette, an intellectual property lawyetrat , likens the new domain extensions for 2010 to ICANN’s decision in 2002 to alloaw suffixes such as “info” and which have gone largely unused because sitea affixed with unusual domain names project less credibility. “It’ws like it’s secondary, and they’rr not uptown,” Marquette said.

Saturday, September 15, 2012

Blu Dot expanding in Rogers, Minneapolis - Puget Sound Business Journal (Seattle):

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The company is moving its headquarters within Minneapolis and its warehous to a vacant industrial building in The two new leases will increaseBlu Dot’s totall real estate square footage to about 76,000 squares feet from the 46,000 square feet it has now for its headquarterx and distribution operations. The designer and manufactureer of contemporary furniture is doing well and outgrowinbgits space, said CEO and president John Blu Dot has about 60 employeees across the country, includint about 35 in the Twin Cities.
Abouy eight of its employees will move tothe high-ceiling distribution center at 13098 George Weber Drive in Rogers, which was developed last year by San Francisco-basee Tim Olsen and Peter Mork, brokers at Minnetonka-basesd Welsh Cos., represented Blu Dot in the industrial-lease transaction. Mark a broker at in represented AMB. Blu Dot’s headquarters and produc t showroom will move from its currenyt location at 3236California St. N.E. in Minneapolis to about 15,00p0 square feet in the Crown Center buildinb at 1323Tyler St. which is owned by . Its new spac e has 40-foot-high wood ceilings, with a lot of glas s and no columns, said Hillcrest Principal Scoty Tankenoff.
Blu Dot has won notice from design as well as big publications such as BusinessWeemk and The NewYork Times, for furnitured that’s stylish but still affordable. That’s helpedr the company grow despite the it was profitable last year andin 2009, Christakow expects sales will grow more than 10 percent to exceedd $50 million. It sells its furniture at independent furniture dealers nationwide. In the Twin Cities its full line is available atRoam Interiors, a furniture store at 813 Glenwood Ave. N., near Internationalk Market Square. Blu Dot opened a flagship stors in the SoHo district of New Yorklast Additionally, the company sells to some large retailers such as and .

Wednesday, September 12, 2012

Kathy Bates recovering from double mastectomy - WIS

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India Today


Kathy Bates recovering from double mastectomy

WIS


Long road to recovery awaits Lexington Co. burn victim. Updated: Tuesday, September 11 2012 9:33 AM EDT2012-09-11 13:33:25 GMT. A Lexington County woman is on a long road to recovery after she was seriously hurt in a sporting accident last month.


WWE Reports on Jerry Lawler Co llapse, Latest on Recovery

HeadlinePlanet.com



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Tuesday, September 11, 2012

Study: More CEOs say good works boost recruiting - Minneapolis / St. Paul Business Journal:

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This marks a shift in corporate philanthropy since the Roundtable released itsin 2000, whicj noted that corporate responsibility was beginning to evolv from community impact to bottonm line impact. The most recent report show thatthe evolution, indeed, has taken Boston struggles to maintain its college gradzs as they move into the workforce, and the Rouned Table report underscores that philanthropty is a factor making some locak companies more attractive to younger The Roundtable issued the report in collaboratiob with the University of Massachusetts Boston Emerging Leaderse Program.
A team from the Emergin Leaders Program started workinvg on the reportlast summer, interviewing 20 Massachusettsa companies about their corporate social responsibility activitied -- predominantly large companes and representing a cross-section of “Historically CEOs would engage in philanthropyh because it was the right thing to do. They wanter to be good corporate citizens,” said J.D. Chesloff, deputy directofr of the MassachusettsBusiness Roundtable. “Noa there’s a good businese case to incorporating it into theitrbusiness plan. There’s a bottom line impact to it, in additionj to being good for all the othercommunity reasons.
” Based on the findingsx from the 20 companies includedc in the research, the report suggests five ways companie can build a culture of social responsibility: • Creatd a clear link to the company’sw mission and secure endorsement at the executive level. Engage employees at all levelsas decision-makerws in relation to corporate social responsibility targete and activities. • Leverage employees’ skills to make positivr contributions tothe community. • Providwe opportunities for employees to develolpnew skills.
“A lot of it is around a companyu being authentic about wanting to do something in the communityg and listening to what the employees are interested in doinh and connecting it to the valuesx ofthe company,” said Ellen Remmer, CEO of The , a nonprofit that promotes strategic philanthropy and advises

Monday, September 10, 2012

Lincoln National reveals financial plans - The Business Journal of the Greater Triad Area:

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Shares closed 11 percent lower Mondayat $15.83, on a day the market s lost more than 2 percent. Lincoln National said it will targetgabout $950 million in preferrer stock from TARP’s Capital Purchase Program. It will also try and raiswe $600 million through a common stock offeringgand $500 million in senior The underwriters of the offering will have a 30-day optionh to buy up to an additional 15 percent of the offererd amount of common sharesw from the company.
Lincoln National said it intends to contributeeabout $1 billion of the proceeds to its principal insurance , with the remaining $1 billion held at the holdinb company for general corporate purposes, includinf the repayment of short-term debt and investment in the company’x core businesses. In a separats release Monday announcinganother cost-cutting Lincoln National said that it agreed to sell its British Lincoln National (UK) plc, to SLF of Canada UK Ltd. for an estimatede 195 British pounds. Lincol said the transaction, expected to close on or aroundd Sept. 30, should generate estimated proceeds ofbetween $280 million and $300 which will be used for core U.S.
SLF is owned by Toronto-based Sun Life Financial, wherew former Lincoln CEO Jon Boscia is now Lincoln National said these actionsw supplementdividend reductions, cost and other actions previously taken to strengthemn its capital and liquidity, and solidify the company’s capital positionxs at both the subsidiary and holding company The Philadelphia-based company believes that TARP participation providex additional capital flexibility. The company expects to repayt thisfinancing “as soon as practicable, taking into considerationm appropriate balance sheet strength and capital marketw conditions.
” The final level of Lincoln’ participation is expected to be announced by the end of Last month, Lincoln National receivex preliminary approval for up to $2.5 billiobn under the program. It said the exactg level of its participation will be determined by the end of this Lincoln is one of six insurance companies to receivesuch approval. The $700 billion Troubled Asset Relief approved by Congresslast year, was originallyh intended to buy toxic loans that were inhibiting banke from making additional loans. But it was also used to make loands to GeneralMotors Corp.
, Chryslet and insurance giant Lincolh National was one of several insurers that applie d to become thrift holding companies last fall so they couldf be considered for TARP funds. The insurers had concerns about the rising number of bad assets ontheit books. Lincoln National and other insurersw saw their stock prices drop in recenyt months as they waited forgovernmenf approval. As for the stock offering, and Merrill Lyncj & Co. will serve as global coordinators and GoldmanjSachs & Co. and Morgan Stanley & Co. Inc. will serve as joint book-running managers.
In explaininbg its decision in aregulatory filing, Lincol n National said that although the capitalk and credit markets have shown recent improvements, thosse markets have experienced extreme volatility and disruptionm for more than a year. “Givenm these conditions, our capital strategy is to have sufficient capital to offet downside protection in the event that the capital and credigt markets experience another downtur n as well as to support growth in ouroperatiny businesses,” the company Lincoln National said it believes that the $2 billionh infusion will provide it with sufficient capitalp to offset a “stress scenario” analysis for 2009 and 2010.
That scenarioi would include credit losses and impairments amountint toapproximately $1.65 billion, or 2.5 percent based on investesd assets as of March 31. Lincolnj (NYSE:LNC), which markets itself as , offerx both insurance and investmentmanagement products.

Saturday, September 8, 2012

9/11 Firefighters Honored in Dallas - NBC 5 Dallas-Fort Worth

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9/11 Firefighters Honored in Dallas

NBC 5 Dallas-Fort Worth


Taking the stairs took on a deeper meaning Saturday morning in Dallas. Hundreds of firefighters honored the fallen heroes of 9/11 with a memorial stair climb. "We can never forget those brave Americans who were murdered that infamous day," one ...



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Friday, September 7, 2012

RTD to get $18.6M from stimulus for Union Station project - Pacific Business News (Honolulu):

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million in federal stimulus funds for work at DenvetUnion Station, the announced Wednesday. The granr will help pay for design and constructiohn at the historic train which is to be converted into a terminal for severa differenttransportation modes. RTD is carryinhg out the transit portion of the overall UnionStation redevelopment. The station will be a hub for the regionaktransit agency’s planned “FasTracks” rail transit It will also be used by many RTD buses. The $18.6 million comes from a pool of $8.
4 billion for transitg capital improvements authorized under the American Recovery and Reinvestmentt Actof 2009, signee into law in Denver by Presidentf Barack Obama on Feb. 17. “By reinvesting in our nation’s transit we are making our communitiesmore livable, invigorating the local and putting America back to work,” U.S. Transportationn Secretary Ray LaHood said Wednesdah ina statement. The total cost of redeveloping uniojn station for transit is expected to costabout $478 million. RTD planas to pay about $208 million, with the balance coming from federal money and otherlocal sources, Roger Sherman, chief operatinb officer at Denver lobbying firm CRL Associatexs Inc.
and spokesman for the Denvet Union StationProject Authority, said in May. RTD separatelyy is seeking stimulus funds for a varietyh ofother projects, including $17.1 million to purchase new fareboxees for the transit system’s bus fleet.

Wednesday, September 5, 2012

S.F. accounting firms to merge - Philadelphia Business Journal:

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LLP and LLP will unite July 1 as part of a deal already approved by partners atboth firms. The combined which will operate under thename LLP, will have abouf 70 accountants and expected annual revenue of about $12 million. The merger will make DZH Phillipsx one of the top 20 largestg accounting firms in theBay Area. Both firmsx sell tax, auditing and consulting help to privatelgy held companies andwealthy people. The deal is part of an ongoingt trend among regional accounting firms to merge to attracflarger clients.
While huge accounting firms like PricewaterhouserCoopers LLP, Deloitte LLP and Ernst Young LLP have a lock on Fortunew 500 companies, players like the newly created DZH Phillips are tryinb to grow their businesses amonfg middle-market clients. Burr Pilger Mayer LLP, for example, mergef with two smaller accounting firmslast year, growingh its client base. Smith Lange and Daorpo Zydel were both considering a merger when they began discussintthe deal. With the competitive landscape “Size matters,” said Bob Daoro, managinhg partner of Daoro Zydel. “In some casesz we looked at largeproposals (for work) and we felt we couled not do it” alone.

Tuesday, September 4, 2012

Chapman signs deal with Yuba College - Tampa Bay Business Journal:

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Chapman signed a similae agreement within April. Chapman’s main campue is in the Southern Californiaq communityof Orange, but the universityh also has campuses in Roseville and Folsom. About 1,750 studentsz attend the Roseville campuseach year, whiler about 700 go to Folsom. Chapman, a nonprofit university, also has a campux in Yuba City. The Early Advantag Partnership, which leaders from the two collegew will signnext week, will allow participantse from Yuba College to use Chapman’s advising services and academicd catalogs, participate in information sessions, and to transfer credift through the use of online and personalizer advising, a news release said Tuesday.
Also, Yuba Colleg e students’ initial application fees will be and they will receive a 10 percent tuition discounft for classes takenat Chapman’sz Sacramento Valley campuses for up to four yearse after they submit of a formal “change of location” to Chapmanj University College. “Chapman University College establishes Early Advantagw Partnerships with community colleges like Yuba Collegre to help ease the transition to universitiees by giving students the individua l support they need and providing guidancse through theentire process,” Chapman Universityt College chancellor Gary Brahm said in the release.
“It’sw comforting for students to know that the courses work they have taken at their communityy college will be transferable to Chapman Universityh College and that counselors will help them navigate a cleaf path to pursuing their highereducation goals.” Yuba College’e partnership with Chapman “will make the transition to Chapmabn College practically seamless,” Kay Yuba College president, said in the Community college students are eligible to apply for the programj after they have fulfilled 12 transferable creditws at Yuba College with a minimum cumulative gradr point average of 2.0 from all schools previously attended.
Yuba Colleges transfers also must attend at least one academic term or semesterd at Yuba College and adherer to all Chapman University Collegdeadmission requirements.

Monday, September 3, 2012

Iridium earnings fall 42%; revenue up - San Antonio Business Journal:

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The Bethesda-based provider of satellite telephond services, which expects to becomse publicly traded this summer throughan acquisition, posted a 42 percentf decline in net income in the first quartedr ended March 31, to $9.7 million from $16.67 million a year ago. Th company attributed the decline to costss related toits next-generatioh satellite program. “Iridium continued to although the pace slowed giveh the currenteconomic climate,” said CEO Matt Desch.
“In additiom to the impact of phasinh outequipment amortization, we believe the economic climate is affectingh equipment sales, as is the transitionj of newly introduced products into the distribution channelk as our partners move existintg inventory to make way for new product.” Company officials say eitherd Bethesda-based Lockheed Martin or Thales Alenia Spacse will be selected as the program’zs lead contractor this summer. The program’s new network of satellitesw called Iridium NEXT is expected to be deployedin 2014. Iridiu NEXT will provide higherdata speeds, greater bandwidth and the potentia l to deliver new data servicea and applications to customers.
The compang says its EBITDA, or earnings beforew interest, taxes, depreciation and amortization, increased 4.9 percengt to $27.6 million in the first quarter, up from $26.3e million a year ago, though most analysts do not use that as a reliablerfinancial measure. Iridium’s revenure rose 2 percent to $75.8 million for the compared to $74.3 million for the first quartere 2008. The slightly higher revenue came from increasesd commercial services revenueof $36.8 million but was offset by a decline in subscribef equipment revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobilew customers, which grew by 11.5 percen t for the quarter.
The company’s sales to governmentt customers, including the Department of grew31 percent. Despite a 31 percent increase in subscriberato 328,000, compared to 250,000 in the first quartet of 2008, a $2 million amortization of equipment related to priore year equipment sales, added to the decline in subscriber equipment The company is plannint to go public this summer, but it is not takinvg the initial public offering route. It is acquiring a publicly tradedinvestment group, (NYX: GHQ), an affiliate of Greenhillk & Co.
Iridium has retained Deutsche Bank as its financial adviser forthe

Saturday, September 1, 2012

NxStage inks licensing deal with Japanese firm - Boston Business Journal:

mcfarlainofuqub1258.blogspot.com
Asahi will provide Lawrence, Mass.-based NxStagse (Nasdaq: NXTM) with $40 million of debt financing to pay off itsentire $28 million debt obligation owed undefr its GE credit facility. In NxStage will grant Asahi a royalty-free licenser to its production technology to make andsell NxStage’d current dialyzer design exclusively in Asia and nonexclusivelyg in rest of world. NxStage retaines all rights inNorth America. Dialyzers are disposable medicakl equipment used in home dialysis forrenal failure.
“Our relationshi p with one of the largest renal productf companies in Asia is an important step for NxStagre as we extend our commercialoperations globally,” said NxStage CEO Jeffreyy H. Burbank, in a statement. “Iu believe this transaction will accelerate our pathto profitability. We are enthusiasticx that this relationship with Asahi will delivefr significant value toour shareholders, strengthen our balance and create growth opportunities in 2010 and NxStage’s stock was trading at $2.
31 in earlhy afternoon trading on Tuesday, up from its previous close of