Friday, November 30, 2012

Among the Pushes and Shoves, a Possible Shift in Power - New York Times

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Among the Pushes and Shoves, a Possible Shift in Power

New York Times


The Celtics are 8-7, sturdy but hardly dominant, and they have already lost twice to the Nets, something that had not happened since 2006-7. The Nets were bullying the Celtics on the scoreboard long before Rondo and Kris Humphries tumbled into the ...



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Thursday, November 29, 2012

Seminar gives applicants peek into law school - Business First of Buffalo:

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On July 15, the two plan to hold a free Law Schoool Insider Seminar from6 p.m. to 8 p.m. Organizersx say attendees will benefitfrom Kaplan’s insides tips on admissions, test takinfg strategies, and from a discussion on law The session also will provide an overview of “importanf law school trends and theif implications.” Additionally, experts will help applicantz “reduce anxiety about preparing for the LSAT and completinv the admissions process” by providing information abour admissions factors, advice on developing a strong personal essay and a realistic applicationh timeline.
The seminar is designed to give attendees an advantagw over other lawschool applicants, according to Featured speakers will include representative from the UNM Law School, the Young Lawyerse Division of the New Mexico State Bar Association and the UNM Law Schookl student body. All attendees must register bycalling 1-800-KAP-TEST or by signinh on to . The free seminar takese place in Room C at the UNM Continuing Education buildingat . , a division of is a providef of educational and career services for schoolsand businesses.
Establishesd in 1938, it is a leader in the test prep industryg and has served millions of students for more than 69 With 3,000 classroom locationsa worldwide, a full menu of online offeringds and an array of books and software, as well as privatr tutoring options, Kaplan offersa preparation for more than 80 standardized tests in the U.S. and the U.K. Thesee include entrance exams for secondary college andgraduate school, as well as English languag and professional licensing exams. Kapla n also provides college and graduate admissiondconsulting services.

Tuesday, November 27, 2012

Extended Stay Hotels files Chapter 11 - Minneapolis / St. Paul Business Journal:

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The Spartanburg, S.C.-based company filed the reorganizatiobn petition in New Yorkbankruptcyh court, Secretary and Genera l Counsel Joseph Teichman writinfg that Extended Stay had abouy $7.1 billion in assets and $7.6 billion in liabilities at the end of 2008. Extendexd Stay, whose more than 680 properties are managerd byHVM LLC, has eighty Central Ohio sites, including those near the Mall at Tuttld Crossing, Polaris Fashion Placre and Easton Town Center. The companu bills itself as the largest operatorof mid-priced extended-stay hotelsd in the nation.
Teichman in a courty filing on Monday wrote that the company soughft protection from creditors amid a general downturh in the hospitality industry and a hit taken as fewer potential customers needthe company’as services. “Since the typical Extended Stay customer seeks a lengthy stay basesd oncommercial relocation, the contraction of construction and new busines development began to significantly and adversely affected Extended Stay’x revenue stream,” Teichman wrote. The company said its averagde revenue per room dropped about 23 percent in the firstt five months of the year compared with the same periorof 2008.
As a result, it was unables to deal with its debt burden with cash flow and is seekingba “comprehensive restructuring of the entire capital structure.” Extended Stay said it plans to run operationw following the Chapter 11 petition undefr a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the company About 9,900 employees work in hotels operated by Extended Stay. The company is in 44 stateas and hasabout 77,000 rooms.

Saturday, November 24, 2012

Plan adds $17B for Pell grants, no money for deferred maintenance - Wichita Business Journal:

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It did, however, target low-income students with a $17 billio increase in a federalgrant program, as well as $200 million for the college work study program. experts say, could have an immediate effect onthe state’s universities and “It sounds like there is going to be some help for which is a very positiver part of the stimulus bill,” says Jill Docking, a Wichitann who is a member of the Kansas Board of Regents. The increase in the Pell Granft program willoffer across-the-board benefits to Pell grants provide need-based money to low-incomw undergraduate students.
Docking says increasing Pell grantsd also will benefit people going back to school to furtheftheir education, which tendss to spike when the economy State legislators are charged with divvying Kansas’ share of the $53 billionb stimulus included for education and training. A decisionm on how much money Kansasa will get and how it will be allocatedamonb K-12 institutions and higher education is expected in the coming weeks. The board of regents will determined allocations forthe universities. President Don Beggs says any money that will help offsegt cuts in state funding for higherd educationis welcomed.
“We’re trying to stay focused in termsx of supportfor students,” he says. WSU is planningb for a 4 percent cut for fiscaplyear 2010, in addition to the 3 percent cut for the 2009 fiscaol year. The department heads withib the university have been asked to compilw a listof cuts. The stimulus plan is void of any reliev for the crumbling Kansas Boardof Regents-governed campuses, which includ 19 community colleges, six state universities and six technicao colleges. They face a combined maintenance backlogof $997 “Our dedicated maintenance provision was one of the says Reggie Robinson, president and CEO of the Kansass Board of Regents. But Robinsonh hasn’t given up.
He continues to lobby for money for deferred maintenance and has asked for a list of projects should fundsbecome “I do hope there is still an opportunitgy to tackle some of the maintenancew issues,” Robinson says. “The dedicated money is no longerr part ofthat purpose, but there’as still an opportunity to use some of the stimulu s money.” A recent study shows every $1 million spenr on maintenance projects generates $2.2 million in economix output of goods and services. Funding the $439.
u7 million in shovel-ready university projects coulrdcreate 8,354 new jobs, according to the The state’s higher education institutions were stripped of $15 millionh for deferred maintenance when Gov. Kathlee n Sebelius recommended a tota lof $36.8 million in progra and capital-expenditure reductions to offset budgeg shortfalls. Wichita State officials, meanwhile, are focusing on what they know about thestimulus plan.

Friday, November 23, 2012

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

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His comments came at a Sun conference for users of Java software which he also said could be used on Oracle (NASDAQ:ORCL) earlier this year agreed to acquirre Sun (NASDAQ:JAVA) for $7 "I don't see why some of those devices shouldn'r come from Sun," Reuters quoted Ellison as "There will be computers that are fundamentally based on Netbooks are inexpensive laptop computers designed to connec t wirelessly and are used primarilhy for checking email and browsing the Web. The market for them is expecte to grow to between 20 millio n and 30 million units this up fromthe 11.7 million sold last year when theire sales took off.
Most PC makers now have a netbook modeo and if Oracle does get into the markeg it will go up againstthe . (NASDAQ:DELL) and , which either make netbooks or develolp softwarefor them. Acer said Tuesday it will make a laptopl runningon ’s (NASDAQ:GOOG) Android operating system instead of Microsoft Windows, which most makerxs now use.

Thursday, November 22, 2012

Tim Frazier out for year with injury - ESPN (blog)

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Onward State


Tim Frazier out for year with injury

ESPN (blog)


More on ESPN.com. Tim Frazier's season-ending injury is a devastating blow for Penn State, writes Eamonn Brennan. Story. รข€¢ College Basketb »

Tuesday, November 20, 2012

Rick Santorum: Only Buy Christmas Gifts Made In The USA - U.S. News & World Report (blog)

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U.S. News & World Report (blog)


Rick Santorum: Only Buy Christmas Gifts Made In The USA

U.S. News & World Report (blog)


In an email to supporters of his grassroots group "Patriot Voices" Tuesday, the former Pennsylvania senator and Republican presidential candidate unveiled a "Made in the USA Christmas Challenge." "We want you to ... buy as many Christmas and hol iday ...



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Monday, November 19, 2012

Consumer confidence retreats - Austin Business Journal:

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Nationally, consumer confidence dropped sharply in cutting into three months of gains that had seen the overall index morethan double. The Conferences Board's Consumer Confidence Index fellby 5.5 points to 49.3 in June. Statewide, Florida’s consumer confidence index for June fell three point last monthto 68, the result of bad economifc news including the bankruptcyg of General Motors Corp.
, foreclosures and a spike in Florida’s unemployment according to a new University of Florida While Floridians’ perceptions of personal financeds compared with a year ago is up three points to 44 from a revisec May reading of 41, other perceptionsx were lower than, or the same as, last For example, perceptions of U.S. economic conditionws over the next year fell seveb pointsto 65, while perceptions of whether it’sz a good time to buy big-ticket items fell nine points to 67. Perceptions of U.S. economi conditions over the next five years remained unchangedat 80.
"Movingg forward, we do not expectr Florida consumer confidence to decline much more over the next couplseof months, barring some unforeseen changre here in Florida or nationally," Chris McCarty, directort of UF’s Survey Research Center at the Burea of Economic and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and uneven for some sectors of the economy. "With the demise of longstanding financial institutions such as Lehmahn Brothers and manufacturing companies like Chryslerand GM, it is no longerd business as usual," he said. The preliminar y index for June was conductedd from430 responses.
It is benchmarked to so a value of 100 represents the same levepl of confidence forthat year.

Thursday, November 15, 2012

Indiana Pacers are Embarrassing Themselves - Rant Sports

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Indiana Pacers are Embarrassing Themselves

Rant Sports


Even though the Indiana Pacers (3-6) have lost five straight games on the road, there was a silver lining through the frustrations. Throughout the losses and sub-par performances, this young Pacers team was fighting from wire to wire, keeping games ...



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Tuesday, November 13, 2012

TSYS might lose BofA deal - Atlanta Business Chronicle:

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TSYS reported Tuesday Bank of America BAC) said it is planning changes in its merchant processing relationshipwith TSYS, but has not yet let TSYS know the timintg or extent of the deconversion. On June 29, Bank of Americwa said it and other partiesa are forming a new joint venture to provide merchantprocessing services. Columbus, Ga.-based TSYS (NYSE: TSS) provides accounting, authorization and other services to Bankof America, but that contracyt will end in April 2010. The services to BofA accounteds for 4 percent of total revenue in 2008and 4.6 percent of TSYS’ totakl revenue for the first quarter of 2009.
TSYS expects the merchantg processing business for BofA will amounft to 2 cents a share of its projecteed earnings per sharein 2009. The potential loss of Bank of Americwa as a merchant processing client is not expected to have a material adverse effecton TSYS’ financial position, results of operationsd or cash flows, TSYS

Monday, November 12, 2012

Russia Detains Members of Banned Islamist Group - Voice of America (blog)

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RT


Russia Detains Members of Banned Islamist Group

Voice of America (blog)


Russian police have arrested six members of a banned Islamic group on suspicion of distributing extremist literature and recruiting followers. Police said Monday the six were members of Hizb ut-Tahrir, an organization designated as an international ...


Russian pol ice detain members of banned Islamic group

Reuters


Russian Police Detain Six Members of Banned Islamic Organization

Bloomberg


Islamic party members arrested in Russia

UPI.com


Russia Beyond The Headlines -Middle East Online -RT


 »

Sunday, November 11, 2012

Unemployment rate falls in Allegheny, Beaver counties - Minneapolis / St. Paul Business Journal:

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and Industry released seasonally adjusted unemploymenr figures forthe state’s counties and metropolitam statistical areas on Tuesday. In Alleghenuy County, the unemployment rate fell from 6.6 percentt in March to 6.5 percenft in April. Beaver County’s went from 8.2 percent in Marcjh to 7.9 percent in April. The improvements in Allegheng andBeaver counties, however, were not enoughn to boost the seven-county Pittsburgh MSA, which saw its seasonally adjusted unemployment rate increase from 7.2 percent in Marcb to 7.3 percent in April. Pennsylvania’d unemployment rate held steadyat 7.8 percent.
When making the Department of Labor and Industry uses seasonally adjusted figuresd in order to account for cyclical hiring differenceswthat don’t reflect changes in the overal l economy. Employment in the seven-county Pittsburgh area continuea to be stronger than manyothert areas. In addition to besting the state by half a percentage unemployment in the Pittsburgh MSAis 1.6 percentage points lowefr than the United States as a whole, whicg has seasonally adjusted unemployment of 8.9 percent. Here is the breakdown acrosa the state: State College: 5.7 percentr Lebanon: 6.7 percent Altoona: 7.2 percent 7.3 percent Philadelphia: 7.9 percent York-Hanover: 7.
9 percent Allentown-Bethlehem-Easton: 8.3 percenrt Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percent 8.7 percent Within the Pittsburgh MSA, unemploymenrt ranged from 6.5 percent in Allegheny Count to 9.8 percent in Armstrong County. Here is the breakdowhn by county: Allegheny: 6.5 perceny Butler: 7.3 percent Washington: 7.6 percent 7.9 percent Westmoreland: 8.1 percent 8.9 percent Armstrong: 9.
8 percent

Friday, November 9, 2012

Scallops Set to Disappoint - The Sag Harbor Express

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Scallops Set to Disappoint

The Sag Harbor Express


by Al 'Big Time' Daniels. The main topic on everyone's mind continues to be Hurricane Sandy and its aftermath. This turned out to be a bad storm. As we know the south shore of Long Island took the brunt. The dunes are gone and the ocean broke through ...



Tuesday, November 6, 2012

Scrushy ordered to pay $2.8B for HealthSouth fraud - Sacramento Business Journal:

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billion in damages by a civikl court judge for his rolein ’s massived accounting fraud scandal. The HealthSouth founder was deemed liabled for losses incurredby shareholders, some of whom sued him seekingb to recover their investments. Judge Allwijn Horn announced the verdict shortly after10 a.m. Thursday. Horn’sz judgment also declared Scrushy’s employmentf agreements with HealthSouth void. HealthSouth said it will receive approximately 40 percent of any money recoveredsfrom Scrushy. Attorneys for the shareholdersw filed the suit against Scrushgy on behalf of HealthSoutyh saying he directed the accounting scandal hadrequested $3.
6 Scrushy testified during the trial and denied any wrongdoing. He was brough t to Jefferson County for the trial from a Texassfederal prison, where he is currently servinf seven years for bribing then-Gov. Don Siegelman for a seat on a statew health carepolicy board. Scrushy was acquitted of crimina charges in the HealthSouth fraudrin 2005. HealthSouth said it is unsured how much might be collectedfrom Scrushy, according to a news “We are pleased to see that justice has been serve through this judgment and that another chapter of our past has been put behincd us,” HealthSouth’s statement said.

Monday, November 5, 2012

LexisNexis data breach linked to New York mob family - Tampa Bay Business Journal:

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The New York-based company which has 3,000 employees in the Dayton area — has sent 13,000 letters to former customers whose personal data may be at the company said ina statement. The breach involved a forme r customer for a companycalled , which LexisNexis bought in 2004, and was announced by the U.S. Attorne y for the Southern Districg of Floridain May, according to a LexisNexis spokesperson. customer involved in this matter should have provided noticed to potentially affected LexisNexis said ina statement. “However, becauser the customer is no longer in businesss we providedthe notice.
” Accordintg to the — which includes CIO magazine and PC Worlx — the New Hampshire Department of Justice posted a document Friday on its Web site to infork consumers about the By Monday evening, the link had been removed. The document reportedly tied aFlorida man, with mob connections to the Bonanno crime with accessing LexisNexis data. New Hampshirs officials could not be In May, LexisNexis announced it is part of a separate investigatiohn into alleged credit card fraud, perpetrated by former customer s of the company, according to a company statement. That fraud occurres from June 2004 toOctoberd 2007. The U.S.
Postal Inspection Service released a statemenr thatsaid 40,000 letters will be sent to consumers and 300 victimws have been identified in an investigation concerninhg the breach. The company was part of a similare incident in 2005 and sent letters thento 280,000 customer s who may have been victims of identity LexisNexis U.S. is a unit of plc (NYSE: the Anglo-Dutch publishing conglomerate. The company is an onlinwe information services and publishing companywith 13,000 people

Sunday, November 4, 2012

U.S. orders $690M in swine-flu vaccine from Novartis, $71M from GSK - Triangle Business Journal:

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The money will be used to place additional orders on existing contracts with vaccine manufacturers includingand , which both have operationd in the Raleigh-Durham area. The governmentt is placing orders for antigenand adjuvant. Antigen is the active ingredient in a vaccines that triggers the immunr system to develop antibodies to fighrt theH1N1 virus. Adjuvant is addefd to boost the immune system and reduce the amount of antigen needed forthe vaccine. The vaccine ingredientd will become a part of thepandemidc stockpile, for use if a vaccination campaign is necessary.
Swis company Novartis (NYSE: NVS), which is buildinh a vaccine manufacturing facility inHollyt Springs, received an order for $346 millioj for antigen and $343.8 millionb for adjuvant. London-based GlaxoSmithKlins (NYSE: GSK), which has its U.S. headquarters in Research Triangle received an orderfor $71.4 million of In addition, received a $61.4 million orderf for antigen, and won a $61 million order for its nasal flu “We are doing our part to be as preparedd as possible for the impact that this infectious diseas e could have on our country,” Health and Humanb Services Secretary Kathleen Sebelius said in a statement.
“Vaccinesa may serve an important role inthat

Thursday, November 1, 2012

OUR OPINION: We endorse William Keating for the 9th Congressional District - Enterprise News

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OUR OPINION: We endorse William Keating for the 9th Congressional District

Enterprise News


Of all the newly redrawn Massachusetts congressional districts, perhaps the 9th posed the greatest challenge to any of the incumbents. The loss of Quincy meant the loss of Rep. William Keating's power base. Rather than face five-term incumbent Stephen ...



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