Shoppers react to North Coventry Sears closing - The Mercury

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The Guardian

Shoppers react to North Coventry Sears closing The Mercury By Brandie Kessler NORTH COVENTRY â€" The ubiquitous foot traffic of the holidays stood in stark contrast Thursday to the reality of Sears' apparent financial situation, as the company announced it planned to close about 100 stores nationwide, ... Loca l Sears among dozens to close across country WFMZ  »

Kingpin investors raise energy stakes - Kansas City Business Journal:

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A bevy of high-profile asset managersa and hedge fund gurus returned to buying mode afte taking financial lumps in the secondc half of 2008 when the valuew of energy company shares tanked along with the pricw of oil andnatural gas. Prominent investoras such as all-star assey manager Paul Tudor Jones, energy maverick T. Boone Pickens and hedge fund investor Georgw Soros dipped their toes in the energyh pool once again and grabbed multiple stakes in Houston according to regulatory statementxs filedthis month. Jones, who oversees Tudort Investment Corp.
, found bargains in 10 Houston-basecd energy companies or major players with a significan t presence in the and also took a new position in WastesManagement Inc., still a big favorite of Microsofyt Corp. founder Bill Gates. Pickens, who has spent the past 12 months lobbying for his plan to help the country kick the importecoil habit, still knoww a fossil-fuel bargain when he sees one. The Texas oil maven took new positions in a wide range of energhy companieswith beaten-down stock prices at the end of a year that the bellwether Philadelphia Oil Service Indexz dipped nearly 60 percent. Pickens dabbled in services playeres such asSchlumberger Ltd. and Halliburton Co.
, natural gas shale producer ChesapeakweEnergy Corp. and high-profile exploration and productionb company AnadarkoPetroleum Corp. Soroas took even bigger bites inthe process, gaining new positions in service players Nabors Industries Ltd. and Weatherford Internationalk Inc. — after selling off his Schlumbergerstake — while adding to his position in . Besidesa his substantial switch into Soros made another big move in late April involvinga Houston-based company by adding 3 million more share of Plains Exploration and Production Co., boostinvg his stake to nearly 6.
5 million Energy analysts and asset investment managers who folloq these movers and shakers say that after energty stock prices kept climbing in 2007 towars lofty highs in mid-2008, it’s been a whils since the notion of value investing could be applied to the “Timing is everything,” says Eddie Allen, seniodr partner with Eagle Global Advisors LLC. “There may have been an over-reactiom in the fall with the sell-off of oil There’s still a lot of volatilit to deal with, but these investor s did well in anticipating therise (in oil that we’ve seen so far this from the mid-$30s to Allen says that value investors are still playing a bit of a waitingy game.
He notes that stock prices are down, natural gas has not followed oil’sz recovery in 2009, and there are concerns that prices could stay depressed asinventories build. There is also more he adds, about possible consolidation as mid-cap exploratioh and production companies eye the pickingx amongsmaller competitors. Dan Pickering, co-president and head of researcbat Tudor, Pickering, Holt & Co. Securities Inc., says Soros and Tudor might have even added more sharez during the quarter if energhy stocks had not rallied and moved a bit higherethan expected.
“The market took off so strongly in the firsyt quarter that investors took a pause waiting for a pullback thatnever came. They might have wanted more but the stockes got away a little bit on the Pickering says. All thingse considered, energy was the hottesgt investment gamein town. Says Pickering: “The overal theme here is that investors became reengaged in whichdramatically out-performed the rest of the market in the firstf quarter, as people were just less terrifiexd about the state of the world (economy).” The energy resurgence party had some notable no-shows. While Pickens and Soros were picking new other big-name investors were stillp cleaning house.
Warren Buffettt sold 13.7 million ConocoPhillips shares in the quartef to reduce his stake to a stilosizable 71.2 million shares. Buffet conceded to shareholderw of his BerkshireHathaway Inc. asset management firm that his huge investmentt in ConocoPhillips last year when oil prices peakedxat $147 a barrel was a According to Berkshire Hathaway’s May 8 filinfg of first-quarter results, the fund has already sold an unidentifier number of shares in the seconde quarter. The firm took a $3 billionh pre-tax charge in the firstg quarter related to theConocoPhillips investment.
The filingg states: “Although we expect the markeg price of ConocoPhillips to increas e over time to levels that exceed our original we are likely to sell some additionalp shares prior to that time and generatw additional capital losses that we can carry back to prior tax years when we generatecd netcapital gains.” Jana Partners LP, overseen by manager Barrt Rosenstein, also jettisoned some energy The firm dumped its remaining stakezs in struggling Reliant Energy Inc. (now knownh as RRI Energy Transocean Inc. and The Williame Cos. Inc. Outside the energy sphere, Jana Partners sold off its remainingy 823,269 shares of HCC Insurance Holdingsz Inc.
after building up a huge stakd with more than 4 millioh shares ofthe Houston-based company. Activist investor Carl Icahbn generated plenty of speculation that he mighf be targeting Anadarko fora shake-ulp in 2007 and 2008 when he built up a huge stake in the company. Icahn squelchedc those rumors when he removed a big chunkm of shares from the table in the fourth quarter and sold hisremaininfg 7.6 million Anadarko shares in early 2009. Despite a willingnessw of some high-profile investors to buy back into energy, one tren still worries Jonathan Moreland as he tracks insider tradinyg among top executives in theoil patch.
“We’rse just not seeing the insiders buying back in like they were earlietr inthe decade,” says Moreland, director of researcyh for New York-based insiderinsights.com. “Intellectually, you know energyy prices will have to go up agai n as the recessioneases up, but for some reason the insideres are not bullish, so for whatever their silence is noticeable,” he says. “Yoj saw some pretty smart peoplde lose moneylast They’re not quite readyh to bet on the turnaround.
” High-profil billionaires and well-heeled hedged funds were active in the first quarterf executing transactions involving Houston-based companies and multinationals with a majore local presence. TRANSACTION: After taking some heat in 2008 for what he latet conceded wasan ill-timed investment in ConocoPhillips when oil price s peaked, Buffet’s Berkshire Hathaway Inc. sold more than 13 milliom of theoil major’s shares, leavinyg the firm holding 71.2 million share now worth $3.16 billion. T. BOONEr PICKENS COMPANY: Anadarko Petroleum Corp. Bought initial position of 50,000 shares througg BP Capital Management LP nowworthy $2.1 million. COMPANY: Cabot Oil Gas Corp.
TRANSACTION: Bought initial stakes of 100,000 shares now worthh $2.9 million. COMPANY: Chesapeakee Energy Corp. TRANSACTION: Bought 100,000 more shares to hold 200,00p0 now worth $4.1 million. TRANSACTION: Took initial position of 59,000 share now worth $2.6 million. COMPANY: Halliburto n Co. TRANSACTION: Took initial stakw of 200,000 shares now worth $4.3 million. TRANSACTION: Bought 100,000 more shares to boost holdingsto 200,000 shares now worth $12.4 COMPANY: Schlumberger Ltd. TRANSACTION: Took initial position of 75,00o0 shares now worth $3.8 million. Transocean Inc. TRANSACTION: Added another 150,000 shares to boost holdings to 450,00p0 shares now worth $32.3 million.
TRANSACTION: Bought anothe 712,500 shares to boost holdings to 4,135,85 shares now worth $183.5 million. Frontier Oil Corp. TRANSACTION: Took initial position of 350,00o0 shares now worth $5.6 million. Nabors Industries Ltd. TRANSACTION: Took initia l position of 750,000 shares now worth $12.6 million. COMPANY: Petrohawk Energy TRANSACTION: Took initial position of 200,000 shareas now worth $4.6 million. Plains Exploration & Productio n Co. TRANSACTION: Although not executedd in the first Soros made a big move earlgy in thesecond quarter, adding nearly 3 millioj shares of Plains E&P to increase his position to nearlyy 6.
5 million shares, or more than a 5 percen t stake, now worth $151.7 million. Schlumberger Ltd. TRANSACTION: Sold off entirwe holdings of 1,705,028 shares. COMPANY: Weatherford International Inc. TRANSACTION: Took initialp position of 4,963,000 shares now worth $92.9 COMPANY: HCC Insurance Holdings Inc. TRANSACTION: Afterf taking a large stake of more than 4 million shares inearluy 2008, gradually disposed of them. Sold remaininyg 823,269 shares in first quarter. Reliant Energy Inc. TRANSACTION: Sold all 600,000 shares COMPANY: Transocean Inc. TRANSACTION: Sold all 533,300 shares COMPANY: The Williams Cos Inc. TRANSACTION: Sold all 1,429,0090 shares. COMPANY: Anadarko Petroleum Corp.
TRANSACTION: Icahnb had built up a major cache of Anadarko shares in 2007 and but begana sell-off aftere the oil stock bubbl e burst in mid-2008. Through Icahn Capitalp LP, the activist investor reduced his stake by more than 8 million shares during the fourtu quarterto 7.6 million, and sold the remainder in the firstf quarter of 2009. COMPANY: Cyberonics Inc. TRANSACTION: Aftedr staying pat for several quarters, Icahn quietly uppedf his stake in the medicaodevice manufacturer, adding nearlyy 100,000 shares to boost his holdings to 2,107,97 shares — nearly 8 percentg of the outstanding shares now worth $28.7 million. COMPANY: Baker Hughed Inc.
TRANSACTION: Bought initial stakse of 17,900 shares now worth COMPANY: Cabot Oil & Gas Corp. TRANSACTION: Took initial positiobn of 11,500 shares now worth COMPANY: Centerpoint Energy Inc. TRANSACTION: Took initial position of 38,800 shares now worth $382,180. COMPANY: Dow Chemical Co. TRANSACTION: Took initial position of 24,40p shares now worth $421,632. TRANSACTION: Took initialo position of 10,900 shares now worth $433,820. EOG Resources Inc. TRANSACTION: Bought initial positionb of 21,700 shares now worth $1.5 million. Fluor Corp. TRANSACTION: Took initial position of 11,8090 shares now worth $514,598. COMPANY: Halliburton Co.
TRANSACTION: Took initiao position of 33,300 shares now worthj $709,290. COMPANY: Rowan Cos. Inc. TRANSACTION: Bought initial stake of 32,000 shares now worth $604,480. COMPANY: Valer Energy Corp. TRANSACTION: Took initial positiobn of 32,300 shares now worth COMPANY: Waste Management Inc. TRANSACTION: Took initiall position of 48,100 shares now wortg $1.3 million. All stock valuationsx based on closing priceMay 22.

Dallas Celebrates Past; Miami Enjoys Present - New York Times

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State vying for big biotech facility - Atlanta Business Chronicle:

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The Peach State is amonf several vying for what might be a vaccinr or pharmaceutical manufacturing operation that coulx locate on more than100 acres, Atlanta Busines s Chronicle has learned. Winningf the project could do for Georgia’x biotech industry what will do forthe state’s auto said Mike Cassidy, president of the , aftedr being briefed about the details. “It would be an outstanding recruitmengt [tool for new business],” Cassidy said. The company, which could be considering three cities, is said to be negotiatinf economic incentives withthe state, a sourcre said.
Georgia economic development officials declinedd comment on the possibledevelopment — dubbed “Project Boss.” The potential development could add to the region’d biotech credentials, already enhanced by hostingg the 2009 BIO International Convention, the world’s largesft bio conference,in May. It would also be an economic developmenr coup akinto ’s globa headquarters relocation from Dayton, Ohio, to Duluth. The ATM and self-servic kiosk maker said it woulxd bring morethan 2,100 jobs to Georgia, includinyg nearly 900 at a manufacturing operationn in Columbus, Atlanta Business Chronicle first reported June 1.
Metro home to the , has the critical infrastructurd to support a biomedicalmanufacturing operation. The region is home to the EmoruVaccine Center, billed as among the largest academic vaccine centerx in the world and known for its expertise in vaccinwe research and development, and clinical trials. In and The launched the Center of Excellence for Influenzs Research and Surveillance to developflu vaccines. Caro l Henderson, who directs the Innovation and Technology Office at the Georgia Department ofEconomic Development, is leadiny efforts to land the biotech a source familiar with the effort said. Activity is said to have pickef up in the pasttwo months.
Henderson’s recruitment builds upon the existinyg alliances and resources between the Universit y Systemof Georgia, the Centerss of Innovation, the Georgia Research Alliance and the Georgi a Biomedical Partnership and Biotechnology Industry Organization. The biotech firm has been shoppinyg sites for at least a year. Project Boss was “planninhg to potentially deploy twomanufacturing facilities” that combined could emplog about 1,500, according to a request for information dated June 5, 2008. The facilitiesd could be located in thesame region, or in separater locations, the document noted. The company, how­ever, is said to have downsizede thoseinitial plans, sources said.
The and more specifically the pressure for companies to cut is forcing companies in genera l to take longer to make big decisions such as amajor relocation, said Heidi Green, deputy commissionefr of the Global Commerce Division at the Georgia Department of Economic “It’s typically taking 12 to 18 monthes to close,” Green said, declining to specificallgy comment on Project Boss. The biotechb firm, said to have scouted Cobb, Douglas and Gwinnett is seeking locations with internationallair access, available life science labor, and an abilith to source and attract engineers and Ph.D.s, the request for information noted.

Viewers React to Neil's Christmas Tips for Men - Fox News

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Viewers React to Neil's Christmas Tips for Men Fox News "You," Mr. Cavuto, "are the reason most women think men are asses. Your childish, Belushi-like list proved it." Childish, Helen? I know you are, but what am I? And while I'm at it, miss fancy-schmancy-West Palm Beach debutante…I'm rubber, you're glue, ... and more »

NHL expects to announce Coyotes ownership bid by Friday - Washington Business Journal:

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The NHL says it will tell U.S. Bankruptcy Court Judge Redfield T. Baum by Friday “whetherr or not there is a local buyer for the according to afiling “If not, the NHL can undertake an orderlyt sale of the club to a bidder that wouldf relocate the club for the 2010-11 the league said. The NHL’s June 22 court filingg also says Canadian billionaire Jim Balsillie can buy the Coyotes if he agree s to keep themin Glendale. Balsillis put forward a $213 million offerf to buy the Coyotes, but wants to move them to Ontario. The move is opposed by the NHL, but supportedc by team owner Jerry Moyes.
Baum shot down the Research inMotionm CEO’s initial bid to buy the Coyotes because of its June 29 Balsillie amended that offer, saying he would buy the team in September and move it to Hamilton for the 2010-11 The Coyotes are in Chapter 11 Bankruptcy reorganizatioh and the NHL and city of Glendale are trying to find an owned to buy the team from Phoenix businessmabn Moyes. The NHL has identifief four possible ownership groups to keep the team in Howard Sokolowski andDavid Cynamon, ownerx of the Canadian Football League’s Toronto Argonauts; Chicago White Sox and Chicago Bulls owner Jerry Reinsdorf; Coyotes minority owner John and an unnamed Phoenix-area business executive.
Therde is speculation among officials familiar with the Coyotea situation an ownership group could involve the Maloof which owns the NationalBasketball Association’s Sacramenti Kings. The NHL has stressed its commitment to keeping the Coyote s in thePhoenix market, but therse is speculation in Canadian media and sport circles that even if the league stops Balsillie from buying the Coyotes another ownership group could move the team to another market within severapl seasons. Toronto, for example, has been trying to recruit a seconrd team to go alongg with the TorontoMaple Leafs. Mediq reports also have mentioned Las Vegas for a possiblerCoyotes move.
The Coyotes lost more than $300 milliob since moving to the Phoenix market in 1996from Winnipeg.

Fears for Wirral's heritage following sale of historic lighthouse - Wirral Globe

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Fears for Wirral's heritage following sale of historic lighthouse Wirral Globe Two other buildings on the observatory site are still for sale. Peter Crawford, chairman of the Bidston Observatory Preservation Trust told the Globe today: "We want people to come and look at our local heritage, but it's gradually being eroded as ... and more »

Georgia school district suspends marching bands after university scandal - Los Angeles Times

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USA Today

Georgia school district suspends marching bands after university scandal Los Angeles Times DeKalb County school officials are investigating  »

UnitedHealth

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“There’s a difference between having accessa to online health information and being able to talk live with your doctof or other available credentialed clinicians who understanedyour needs,” OptumHealth Care Solutions CEO Rob Webb said in a news “What we’re rolling out with Americajn Well is the ability for someone to speak with a doctord or clinician anywhere, anytimwe — whether it’s from home, at work or whilw traveling,” he said. The service will offer individuals immediatwe access to physicians and cliniciansvia two-way secure chat, the phone or a corporation’s healtb care portal.
The partnership involve leveraging twoproprietary technologies: OptumHealth’s eSynx Platform, which synchronizes health information to delivet prioritized, clinically appropriate and personalized health care and American Well’s Online Care platform, whicg enables real-time conversations between individualxs and physicians. The service will be available to employers, their employees and individual consumers. OptumHealth is one of the nation’xs largest health and wellness companies, serving nearlyt 60 million people. It is a business of Minnetonka-based health insuranced giant UnitedHealthGroup UNH).

Catch the Wind secures $18.8M - Dayton Business Journal:

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million in a private placement financing to help push more sale s of its new wind sensorfor turbines. Manassas-baseed Catch the Wind, which trades on the Toront Venture Exchange, sold roughly 16.7 millioh shares at a pricde ofCanadian $1.30 apiece in what it hopesx to be its last major equity financing beforwe generating enough revenue from its laser wind-sensing product, Vindicator, to pay for operations. Companuy officials also participated in theinvestment round, along with institutionalo investors, bringing its total equity fundraising to date to nearly $35 million. , Research Capital and CanaccordCapital Corp.
serve d as placement agents for this latest fundraisinv in return for 6 percent of the grose proceeds and additionalstock options. Spun off last year from LLC, a fiber optics laser company that still shares the same headquarters Catch the Wind has been developing similar technology that senses when windis imminent, helping reorienty a turbine to capture that wind before it passes. Most wind turbine s can realign its blades only after itfeelsw wind, so they’re often too late to actually benefiy from gusts, company officials “Before, it was the horse-and-buggy approach to measurinyg wind,” said Phil Rogers, who founded Opticapl Air Data Systems nearly 20 years ago with his wife before leavinf recently to serve as CEO for Catcn the Wind.
“Think about increasing the gas mileaged ofyour car,” he said. “You’vr already bought your car. But if I can sell you somethingb that doubles the gas mileage ofyour car, you wouldd save more money.” He estimatex the Vindicator can capture 10 percent to 30 percent more wind for which in turn helps generate more clean electricity and ultimately revenue for theird operators.
Catch the Wind recently sold its first unitto , a Canadian environmental monitoring equipment maker, while startingf its first two-month field test with the Nebraska Publidc Power District on its largest wind farm with 36 wind The local company, which said it’s also talking to federalk agencies, hopes to use that trial’a results later this summedr to market to other wind turbine manufacturers and wind farm operators. With six full-time employees, Catcj the Wind expects to at least double that countg by the end ofthis year. The company, whichj had $5.
5 million in cash and equivalents on hand as ofMarchb 31, is also considering whether to list itselr on an American exchange later this “We aspire to that,” Rogers “I just can’t say when.”

San Antonio gets $12.9 million for defense projects - Atlanta Business Chronicle:

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million for defense-related projects in San Antonio, according to U.S. Rep. Ciro D-San Antonio, who serves on the A planned upgrade of an aircraft maintenance buildiny at Kelly Annex Field has been approveedfor $7.9 million in federal The funding will be used to bring the buildingf up to code compliance to provide a place wherr F-16 fighter jets can be properly maintained. In $5 million was authorized for a prograj to produce unmanned aerial vehicles that use Blacklight Nighg VisionAdvanced Technology, whicuh is manufactured by San Antonio-baseed This technology allows for the deploymenr of miniature drones to provide site-specific surveillance “San Antonio continues to be a militaryy leader in operations and the advancement of says Congressman Rodriguez.
“Theser authorizations will bolster the ability of our troopxs to do their jobs more safelyand efficiently.”

Kingpin investors raise energy stakes - Houston Business Journal:

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A bevy of high-profile assety managers and hedge fund guruzs returned to buying mode afterr taking financial lumps in the second half of 2008 when the valure of energy company shares tanked alongg with the price of oil andnaturall gas. Prominent investors such as all-star asset managed Paul Tudor Jones, energy maverick T. Boonw Pickens and hedge fund investord George Soros dipped their toes in the energy pool once agaih and grabbed multiple stakes in Houston according to regulatory statements filedthis month. Jones, who oversees Tudoer Investment Corp.
, found bargainx in 10 Houston-based energy companiexs or major players with a significant presence in the and also took a new position in WasteManagement Inc., still a big favorite of Microsof t Corp. founder Bill Gates. Pickens, who has spent the past 12 monthzs lobbying for his plan to help the country kick the importe doil habit, still knowsw a fossil-fuel bargain when he sees one. The Texasd oil maven took new positions in a wide rangre of energy companieswith beaten-down stock prices at the end of a year that the bellwethefr Philadelphia Oil Service Index dipped nearly 60 percent. Picken dabbled in services players such as Schlumberger Ltd. and Halliburton Co.
, natural gas shales producer ChesapeakeEnergy Corp. and high-profilwe exploration and production company AnadarkoPetroleum Corp. Soros took even biggerr bites inthe process, gaining new positions in servicew players Nabors Industries Ltd. and Weatherford International Inc. after selling off his Schlumbergerstaker — while adding to his position in . Besidesa his substantial switchinto Weatherford, Soros made another big move in late Aprill involving a Houston-based company by adding 3 million more shares of Plaine Exploration and Production Co., boosting his stake to nearly 6.5 million shares.
Energy analysts and asset investment managers who follow these moveras and shakers say that after energg stock prices kept climbing in 2007 toward loftuy highsin mid-2008, it’s been a while sincwe the notion of value investin g could be applied to the sector. “Timing is says Eddie Allen, senior partneer with Eagle GlobalAdvisors LLC. “There may have been an over-reactionh in the fall with the sell-off of oil There’s still a lot of volatilit to deal with, but these investorsw did well in anticipating therise (in oil prices) that we’vw seen so far this year, from the mid-$30a to $60.
” Allen says that value investorsa are still playing a bit of a waiting game. He notes that stocm prices are down, natural gas has not followe oil’s recovery in 2009, and there are concerns that pricesz could stay depressed as inventories build. There is also more speculation, he adds, abour possible consolidation as mid-capo exploration and production companies eye the pickings amonhsmaller competitors. Dan Pickering, co-president and head of researcghat Tudor, Pickering, Holt Co. Securities Inc.
, says Soros and Tudor might have even added more sharesa during the quarter if energy stocks had not ralliedr and moved a bit higherthan “The market took off so strongl y in the first quarter that investors took a pause waitinbg for a pullback that never They might have wanted more but the stocks got away a littlw bit on the upside,” Pickering says. All things energy was the hottest investment game in Says Pickering: “The overal theme here is that investors became reengagexd in energy, which dramatically out-performed the rest of the market in the firsrt quarter, as people were just less terrifiedc about the state of the worldc (economy).
” The energy resurgence party had some notabled no-shows. While Pickens and Soros were pickingnew favorites, other big-namse investors were still cleaning Warren Buffett sold 13.7 milliob ConocoPhillips shares in the quarter to reduce his staker to a still sizable 71.2 million shares. Buffet conceded to shareholders of his BerkshiresHathaway Inc. asset management firm that his huge investmen in ConocoPhillips last year when oil prices peakeedat $147 a barrel was a mistake. Accordingv to Berkshire Hathaway’s May 8 filintg of first-quarter results, the fund has already sold an unidentifiedr number of shares in theseconsd quarter.
The firm took a $3 billion pre-taxx charge in the first quarter related to theConocoPhillipxs investment. The filing states: “Although we expect the market price of ConocoPhillips to increase over time to level s that exceed ourorigina cost, we are likelgy to sell some additional shared prior to that time and generat e additional capital losses that we can carr back to prior tax years when we generated net capital Jana Partners LP, overseen by managed Barry Rosenstein, also jettisoned some energy holdings, The firm dumped its remaining stakes in struggling Reliant Energyg Inc. (now known as RRI Energy Inc.), Transocea Inc. and The Williams Cos. Inc.
Outside the energ y sphere, Jana Partners sold off its remaining 823,269i shares of HCC Insurance Holdings Inc. aftet building up a huge stake with more than 4 millioh shares ofthe Houston-basedd company. Activist investor Carl Icahn generatedr plenty of speculation that he might be targetinfg Anadarko fora shake-up in 2007 and 2008 when he builrt up a huge stake in the company. Icahn squelched those rumors when he removed a big chunkl of shares from the table in the fourth quarter and sold hisremaining 7.6 million Anadarko sharez in early 2009.
Despite a willingnes s of some high-profile investors to buy back into one trend still worries Jonathahn Moreland as he tracks insider trading among top executivez in theoil patch. “We’re just not seeing the insiders buying back in like they were earliet inthe decade,” says Moreland, director of research for New York-base insiderinsights.com. “Intellectually, you know energy pricews will have to go up again as the recessiomneases up, but for some reasojn the insiders are not so for whatever reason, theird silence is noticeable,” he says. “You saw some pretty smart people lose moneytlast year.
They’re not quite ready to bet on the High-profile billionaires and well-heeled hedge fundss were active in the first quartetr executing transactionsinvolving Houston-based companies and multinationals with a major local presence. TRANSACTION: After taking some heat in 2008 for what he laterf conceded wasan ill-timed investment in ConocoPhillips when oil pricez peaked, Buffet’s Berkshire Hathaway Inc. sold more than 13 milliob of theoil major’s leaving the firm holding 71.2 million shares now wortu $3.16 billion. T. BOONE PICKENS Anadarko Petroleum Corp. TRANSACTION: Bought initial positionj of 50,000 shares through BP Capitalp Management LP nowworth $2.1 million.
COMPANY: Cabot Oil & Gas Corp. TRANSACTION: Bought initial staker of 100,000 shares now worth $2.9 million. Chesapeake Energy Corp. TRANSACTION: Bought 100,000 more shares to hold 200,00 0 now worth $4.1 million. COMPANY: TRANSACTION: Took initial positiom of 59,000 shares now worth $2.6 COMPANY: Halliburton Co. TRANSACTION: Took initial stakew of 200,000 shares now worth $4.3 COMPANY: TRANSACTION: Bought 100,0000 more shares to boost holdingsto 200,000 sharews now worth $12.4 COMPANY: Schlumberger Ltd. Took initial position of 75,000 share now worth $3.8 COMPANY: Transocean Inc. TRANSACTION: Added another 150,000 shares to boost holdings to 450,00 shares now worth $32.
3 TRANSACTION: Bought another 712,500 shares to boost holdingw to 4,135,850 shares now worth $183.5 COMPANY: Frontier Oil Corp. TRANSACTION: Took initial position of 350,0000 shares now worth $5.6 million. Nabors Industries Ltd. TRANSACTION: Took initial positionb of 750,000 shares now worth $12.76 million. COMPANY: Petrohawk Energy Corp. TRANSACTION: Took initial positionh of 200,000 shares now worth $4.6 million. COMPANY: Plains Exploration & Production Co. TRANSACTION: Although not executed in the first quarter, Soros made a big move early in the second quarter, adding nearly 3 millioh shares of Plains E&P to increase his position to nearly 6.
5 millionm shares, or more than a 5 percenyt stake, now worth $151.7 COMPANY: Schlumberger Ltd. TRANSACTION: Sold off entire holdingxs of 1,705,028 shares. COMPANY: Weatherford Internationa Inc. TRANSACTION: Took initial position of 4,963,00p0 shares now worth $92.9 COMPANY: HCC Insurance Holdings Inc. TRANSACTION: After takintg a large stake of more than 4 million shared inearly 2008, gradually disposed of them. Sold remaininfg 823,269 shares in first quarter. COMPANY: Reliant Energy Inc. TRANSACTION: Sold all 600,000 sharese held. COMPANY: Transocean Inc. TRANSACTION: Sold all 533,300 shares COMPANY: The Williams Cos Inc.
TRANSACTION: Sold all 1,429,000 COMPANY: Anadarko Petroleum Corp. Icahn had built up a major cachde of Anadarko shares in 2007 and but begana sell-off after the oil stocko bubble burst in Through Icahn Capital LP, the activisft investor reduced his staker by more than 8 million shares during the fourth quarter to 7.6 million, and sold the remainder in the firstt quarter of 2009. COMPANY: Cyberonicas Inc. TRANSACTION: After staying pat for several quarters, Icahn quietlyu upped his stake in the medicakldevice manufacturer, adding nearly 100,000 shares to boostg his holdings to 2,107,972 shares — nearlty 8 percent of the outstanding shares — now worthn $28.7 million.
COMPANY: Baker Hughe s Inc. TRANSACTION: Bought initia l stake of 17,900 shares now worth $641,894. Cabot Oil & Gas TRANSACTION: Took initial position of 11,5000 shares now worth $343,390. Centerpoint Energy Inc. TRANSACTION: Took initiall position of 38,800 sharee now worth $382,180. COMPANY: Dow Chemical Co. Took initial position of 24,400p shares now worth $421,632. TRANSACTION: Took initiall position of 10,900 shares now worth $433,820. EOG Resources Inc. TRANSACTION: Bought initial positiomn of 21,700 shares now worth $1.5 million. Fluor Corp. TRANSACTION: Took initial positiojn of 11,800 shares now worth $514,598. Halliburton Co.
TRANSACTION: Took initial positiob of 33,300 shares now wortu $709,290. COMPANY: Rowan Cos. Inc. TRANSACTION: Bought initiakl stake of 32,000 shares now worth COMPANY: Valero Energy Corp. Took initial position of 32,300 shares now worth COMPANY: Waste Management Inc. TRANSACTION: Took initialo position of 48,100 shares now worth $1.3 All stock valuations based on closing priceMay 22.

College Football: Conference Crowns at Stake - TheStreet.com

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New York Daily News

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Heritage Valley Health System opens third diagnostic center - Pittsburgh Business Times:

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Heritage Valley Diagnostic Center – Hopewell has begun offering lab, X-ray and other screening services, according to spokesman Scott Monit. Also offered at the which is located in the Hopewel lIndustrial Park, are occupational medica l services including pre-employment screening, physical rehabilitation and treatment for job-relatedx injuries. For years, Heritage Valley has served local business with clinices in Hopewelland Chippewa. Heritage Valley’zs two other new diagnostic centers are located in Cranberrt Township andEllwood City.
The Heritagew Valley clinic opening comes after the closure of the Commonwealtu Medical Center in Aliquippq last month and the scheduled opening of a Take Care Clini in Moon Township on Take Care is a wholly owneds subsidiaryof , and the clinic is located insids the University Boulevard Walgreens drug store. Take Care has 328 clinicss nationwide, including 13 in the Pittsburgh area, and screenings, physica l exams and vaccinations are among theservicea offered, according to the company.

Serebra Announces Granting of Stock Options - MarketWatch (press release)

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Serebra Announces Granting of Stock Options MarketWatch (press release) Vancouver, British Columbia CANADA, Nov 29, 2011 (Filing Services Canada via COMTEX) -- Serebra Learning Corporation (SLC - TSX Venture, SLCFF - OTC Pink),today announced that it has granted incentive stock options to purchase an aggregate of 1108457 ... and more »

Piedmont launches Green Fleet program - Charlotte Business Journal:

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It is part of an efforrt to reduce transportation-related emissions that contributeto ground-levep ozone, increased respiratory problems and global climate Charlotte-based Piedmont (NYSE:PNY) kicked off the program Tuesday by unveilingy North Carolina’s largest natural gas powered truck at the company’s Charlottr operations center. Local policymakers, fleef managers and state environmentalofficials attended. Piedmontt will test the truck’sz performance over the next several months in conjunctiom with a program sponsoreds bythe N.C. Solarr Center at N.C. State University.
Piedmont purchased the truck, in part, throughu a grant from the solafr center under its Clean Fuel AdvancedTechnologhy Program, which is supported by funds from the N.C. Department of State Energy Office, and Division of Air Piedmont is primarily engaged in the distribution of natural gas to more than 1milliobn residential, commercial and industrial utility customers in the Carolinax and Tennessee.

Economy Watch: FNF Construction gets highway stimulus contract - Tampa Bay Business Journal:

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“It is a rehabilitation project to create asaferd roadway,” said Deena Billings, business development officer for Tempe-basecd FNF Construction, which is celebrating 25 years in Some areas of U.S. 491 have deteriorated creatingv a significant safety issue for those whouse it, she said. The projecg is a good fit for the company, whicj also has an office in Albuquerque, according to Billings. “Pavingv projects are kind of our In addition to making the roadway safefrfor travelers, the $8.9 million project gived FNF Construction’s staff more opportunity for work. “Wed will be able to keep existing employees busy and perhaps hire new she said.
The bidding process for a stimulus contract is very similarr to that on any job both for the contractor and the state department oftransportation involved. The New Mexicoi Department of Transportation advertised the project in typicapl fashion with the lowes bidder winningthe contract, said Megan Arrendondo, spokeswomamn for the New Mexico Department of The federal government does look at the projectsa in depth, however, Arrendondoi added. Construction on the 14-milr stretch, which runs on the southern portion of the broke groundMay 20.
FNF Construction is hopefu l that its portion of the upgradr is complete by the endof “We are excited to keep on goingg and be part of the Billings said of future

USF, Moffitt get grant for minority health center - Tampa Bay Business Journal:

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The five-year program grant will focusaon research, education and training, and communityy outreach activities to reduce cancer-relatecd health disparities among minority and underserved communities in Florida, a release The USF/Moffitt Center of Excellenc on Cancer Health Disparities will be among 50 nationwide and one of thre e in Florida. Similar center are at the and at . Dr. Richars Roetzheim, professor and director of research for the USF Departmentg ofFamily Medicine, and B. Lee Green, vice presidenr of Moffitt Diversity, are co-principaol investigators of thenew center. Leslene community health director forthe , will serve as communithy director for the center.
The centef will draw on faculty from Moffitt and acroswthe university, including the college s of medicine, nursing, public health, and arts and the release said. The initial USF-Moffitt studuy funded by the grant will investigate molecular mechanisms that may contributes to the disproportionately high rates of prostate cance ramong African-American men, the releass said. The National Center on Minority Health and Health Disparitiew is part ofthe .

Helping Dad Stay Independent: The Best Father's Day Gift for an Aging Parent - A Checklist from Dr. Dan Tobin, Founder and CEO of Care Support of America

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, Founder and CEO of and a nationallu recognized expert on eldercare andfamiluy caregiving. "Helping your Dad safely age at home can be the bestgift -- and the best Father'sx Day gift -- you can give him, once you notice even smallo changes in his ability to get around." "Remember Men are from Mars? Men do not often express their feelings freely or at all. So if your father is living alone, it will be harder for you to know how heis doing,"" Dr. Tobin says. "The hardesyt part may be getting your Dad to open up aboutg practical andemotional issues." Dr. Tobij advises: "Go slow and steady. Approachn one issue at a time.
Fathersa may want to appear asif they're always in even when things have beguj to slip. Let your Dad know that you are therde to help without getting in his In order to assesshow he's doing living on his own, here is a checklistg of issues for you to exploree with him. Then, if there are problems, you can addresw them, and find your father the help he'll need to stay independent. " "The most important indicators for wellness in aging are stayinv physically active and staying connectexd to others or toa community. Does your Dad appear to be slowinv down? Is he less mobile?
Is he interacting with his neighbors, or participating in senior-activity programs We tend to look away from physicalk changes that are important in supportingour Dads."" "When you visit your father at his look around and get a quick readinbg on whether he could use help with home repairs or Remember to think about preventing falls, whichn cause serious problems as your Dad ages." "Is your fathetr eating properly? What's in his refrigerator?"" "Is your Dad's strength or mobility reduced in any way? Wouldd he benefit from, or even enjoy using, any adaptive devices from low tech to high, such as kitchej utensils or tools with bigger grips, or a webcam or an e-maip device for seniors?
" "Driving may be one of the most difficuly issues to discuss. Men almost always resist the need to stop Your Dad's driving skills need to be re-assesses in light of vision, responsiveness, hearing, and nighr vision. If his driving is restricted, be willinf to compromise -- maybe driving only in the daytime or infamiliar places. You can also help in setting him up with alternativtransportation services." "If your Dad has not discussee family finances with you be aware that finances can be one of the most personal partx of family dynamics. You can startf by finding out ifyour Dad's personakl finances are in ordere -- bills, rent, mortgage, credit cards, taxes, etc.
Does he have enougb money for extras? If his budget is you can try to find free servicex inhis community. If you can also offer to pay for servicee such as homehealth aides, home repairs, cleaning transportation, and entertainment." "Often an individualized family plan goes a long way to show your Dad that the entirwe family is mobilized around giving him the gift he really wants for Father'a Day -- independence and support," Dr.
Tobin Family care managers, like Care Support of America, can particularly if you're in a distant They can professionally organize a problem list and assesws anypressing issues, including home safety, locating crediblee home services, understanding the basic finances of wellness in and how best for families to suppor their father's independence. About Dr. , MD, is Founded and CEO of a national family caremanager service. He is an adjuncr assistant professor ofpsychiatry (health psychology) at Dartmouth Medical Schooo and the author of books and articles on eldercare issues and positive solutions to family caregiving problems.
Care Support of Americz ( ) is an independent family care manager servicee that helps identify and solve familg caregiving problems to provide trustex guidance as yourparentsx age. The service begins with a personal familu care manager onthe phone, working with a local to locate and mobilized trusted home care resources in the parent'se community; help you understand theid doctor's treatment plans and help insure that parents remain independent in theitr home; and answer questions about long-term insurance, and basicd finances. Care Support of America has providede family care manager services in 32 If you would like to speakwith Dr. , pleasee contact , , or of at 212-588-8788 or .
Availablee Topic Expert(s): For informationh on the listed expert, click appropriate link. , MD

Md. colleges given $11M to combat nursing shortage - Silicon Valley / San Jose Business Journal:

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The grants, being divvied amonv 17 Marylandnursing schools, will be used to lure facultt and students, and improve technologhy at the universities. Maryland’s nursing shortagre is expected toreach 10,000 by according to the . The current vacanch rate of nurses at state hospitals is 8 The economic downturn has helped the industrh because many retired nurses have come back to but once the recession ends the shortagerwill worsen, said Carmela Coyle, CEO of the Maryland Hospital Association.
The first round of grantzs will increase the numberf of nurses graduating by 300 studenta and add 20 faculty positions at nursinh programs acrossthe “The number of nurses graduating from Marylaned schools are simply not said Ronald B. Peterson, president of and co-chair of the “Wh o Will Care?” campaign at a press conference “We cannot take our eye off the nursing The campaign’s goal is to add 1,500 new nursing The program has raise $15.5 million to date throughb the state’s business community, includinh funds from the Baltimore construction form , , the region'ws largest hospital system, and , the region'w largest health insurer.
Greater Baltimore Medical Center, for example, gave The goal is to raisr $20 million from the privated sector by the end of the and then raise anadditiomn $40 million in state, local and federao funds. • • • • • ; and, • .

Reminder: Amazon Kindle Fire launching November 15, will run your favorite ... - Droid Matters

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Droid Matters

Reminder: Amazon Kindle Fire launching November 15, will run your favorite ... Droid Matters Amazon and its affiliates operate websites, including http://www.amazon.com, http://www.amazon.co.uk, http://www.amazon.de, http://www.amazon.co.jp, http://www.amazon.fr, http://www.amazon.ca, http://www.amazon.cn, http://www.amazon.it, ... and more »

Eddie Bauer declares bankruptcy - Triangle Business Journal:

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New York–based private equity firm LLC has agreesd topay $202 million to acquire Eddie Bauer’x assets, subject to an auction and bankruptc court approval. CCMP Capital intend s to operate the business as a going concern with littls orno long-term debt. Accordinf to Eddie Bauer, CCMP Capital has agreer to keep a majority ofthe chain's 371 stores open and retainb a majority of the employees. Eddis Bauer has three locations inthe Raleigh-Durham area. CCMP Capital specializex in buyouts and looks for investment opportunitiee in retail andother sectors.
The ground has made investmentz in the outdoors specialtyretailer Cabela’s, whicb sells hunting, fishing and camping Eddie Bauer said it hopes to operate business as usual duringv bankruptcy court proceedings and has asked for court approval to continu e paying vendors and workers. The compan y also said it intends to hono r customergift cards, returns and loyalty prograk points. The company also announcef that it has secureed a commitment from its existing revolvingcredit lenders, , and / for so-calleds debtor-in-possession financing of $90 millionh on an interim basis and $100 million based on the fina court order.
The the company said, shouldx provide it with ample cash flow to continue payin gits bills. “Eddie Bauer is a good company with a grea t brand and a badbalanc sheet. This process will allow the business to emerge with farless debt, positioned for growthn as the economy recovers and as our new productx gain traction,” said Neil Fiske, Eddie Bauer'ds president and chief executive in a statement. “We expect this process to be completed very protecting our employees and critical vendor partners every step ofthe way. has been through bankruptcy before. And its failure this time can be tracef to thelast filing.
In , which had owned Eddie Bauer since 1988, filede for bankruptcy protection. And as part of the the company famous forits women’s wear catalog gave its creditores its stake in Eddie Bauer. So, in 2005, Eddiw Bauer emerged as a standalonwe company for the first time in 34 The company also emerged witha $300 million senior secures term loan agreement with lenders and the task of rebuildinbg a brand that had drifted away from the company’sz roots. Under Spiegel, Eddie Bauer grew from 58 to 399 retail stores and from threed to102 outlets. The companyt also added internet sales.
But it also was a time when the Eddi e Bauer brand lost its as the company shifted from its heritaged as an outdoor outfitter to a seller of casualo clothes targeted primarilyat women. Company executives have said the debt terms from the Spiegell bankruptcy case have continuexd to hamper efforts to turn things around atEddie Bauer. Despite effort s to recapture some of theold magic, Eddie Bauer has not been able to establish a sustainable run of profitabls quarters. The company racked up nine consecutived quartersof loses, and has seen lossex of nearly a half-billion dollars in the past threde years.
The struggle becamer a financial crisis as the recessionj has worsened and consumers haveslasher spending. The mounting losses, coupled with the impac of the recession and debt pushed the company into bankruptcycourt — a move that was rumoree for months. “We have made good progresas on our turnaround strategy of returning Eddiee Bauer to its heritage as an active outdoof brand and have exciting new produc launches on the wayto market, including First Ascent, our return to expedition-grade outerwear and gear," said "Unfortunately, a crushing debt burden placed on the companyt from the Spiegel reorganization in combined with the severe, prolonged have left us with no choicwe but to use this process to reduce the debt load on the Eddie Bauer is the latest major retailer to succumb to filinv in bankruptcy court this recession.
The list also includesa Linens ‘n Things and Circuit City. In many ways, Eddie Bauer’s crisis is no different from what most retailers are facing during this prolongedf anddeep recession, said Greg Charleston, an Atlanta-basedc consultant for Conway MacKenzie, who works with financially stressedr retailers looking to restructure.

Folk Scene - Stoke & Staffordshire

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Folk Scene Stoke & Staffordshire Unfortunately, Steve has had to cancel and his replacement sees two top-class performers, Kevin Demspey and Karen Tweed performing at the club for the first time. For further details about the rest of the programme contact Annie Morris on 01782 616015. ...

Starbucks makes food healthier - Kansas City Business Journal:

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The coffee giant says it has simplified recipes to includsemore high-quality ingredients like whole grains, blueberries from Orego and cherries from Michigan. “Starbucks customer s have been telling us that they want betterr tasting and healthier food options when they visit our said Starbucks food category vice president Sandra Stark in a news release announcing thenew menus. “We answeres their call with a delicious new menu of food made with real ingredients and morewholesome options.” New menu items includer a blueberry oat bar, a farmer’s market salad and banans walnut bread that Starbucks says “is nearlh 30 percent real banana.
” Starbucks has been expandin its food menu in the last two years to enticre customers to visit more and to spened more per visit. The company was also among the firstt restaurant chains in the countryu to ban trans fat from its food and Starbucks (NASDAQ: SBUX) is closing hundreds of locatione and cutting thousands of jobs to trim expensese as revenue falls. The company reported sales fell 8 percenlast quarter, following a 9 percent declinse in first quarter It is also facing pressure from McDonalds MCD), whose new coffee drinks are driving sales

Study: Eye condition linked to diabetes - Austin Business Journal:

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Ninety-eight percent of study participants who hada grayish-white ring arounds the cornea — a condition callesd corneal arcus — also had metaboli problems related to conditions such as diabetes, high blood pressure and high concludes a study conducted by VSP and the in Columbus, Ga. Untio now, health professionals have assumed arcus is relates tohigh cholesterol. This study suggested the relationship between arcus and high blooed sugar needs to be studied VSPofficials said. Follow-up testingb showed that 88 percent of the patientse with arcus had high blood 66 percent had an elevated body mass 64 percent had high blood pressure and 21 percent hadelevates cholesterol.
The study was conducted on 2,0009 patients between April andSeptember 2008. In addition to an eye VSP doctors screened patients for other healtbh risks and referred those at risk to the foundation for diagnosisw andadditional testing. “This study demonstrates ... how comprehensivew eye exams should be used as a screeninv for prevalentmetabolic conditions,” Dr. Steve Leichter, medical director at the researcbh foundation, said in a press release. “Greater partnership between relevant health care providerzs may enhance the efficiencyy of our health caresystem and, in the end, reducde health care costs.
”

Third-quarter explosion lifts No. 7 Oklahoma past Texas A&M - USA Today

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USA Today

Third-quarter explosion lifts No. 7 Oklahoma past Texas A&M USA Today He got hurt while cutting to make his second catch of the game, a 30-yarder that set up one of four third-quarter touchdowns in the Sooners' 41-25 victory Saturday. "It's just a bad deal," quarterback Landry Jones said. "You hate for something like ... Oklahoma rides 28-point third quarter past Texas A&M; Broyles out for the ... The Republic Huge Third Quarter Leads Sooners To Victory News On 6 Oklahoma Vs. Texas A&M Score: Sooners Jump Out To 7-3 First Quarter Lead SB Nation ESPN -Houston Chronicle  »

Los Angeles Mayor Villaraigosa offers answer to Rocky shutdown: Send L.A. Times to Denver - Denver Business Journal:

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Hickenlooper replied late Wednesday (see saying Denver would "gladly" take the Times, but it "can’y replace the ." Basketball' s and are battling in the 's western conferenc finals, with the winner heading to the league The Lakers came from behind to win the firsyt game of the seriesTuesday night, Villaraigosa, noting the recent shutdown of Denver's Rocky Mountain News, said (with his tongure planted in his cheek) that if the Nuggets beat the he would send the Timesa to Denver. That's according to a report .
Villaraigosa at timeds has felt the sting of Times reporting and The mayor more logically might have pickesd another local paper to send to The , which is owned by Denver-based . also owner of the . Villaraigosas also offered to deliverd to the Mile High Citythe , main venue for two Olympid Games, which California Gov. Arnold Schwarzenegger has said he woulxd like to sell off to help balance the troubledstate budget, the Times reported. "You mighgt have heard of it; it's a historic, property looking for a new owner," Villaraigosa said. Here logic would have dictatexd the offerof , the home court, in which Denvefr investor Philip Anschutz already has a stake.
If the Lakerws prevail, L.A.'s mayor said he wantd Denver's "snowpack and a six-pack of the locap beer of your choice." Late Wednesday, Hickenlooper issued this Dear MayorAntonio Villaraigosa, We accept your wagefr and will gladly take the Los Angeles Times when the Nuggetsz win the series. It can’t replac e the Rocky Mountain News, but we know healthuy head-to-head competition in a two-newspaper town is a good thin g forthe community.
If the Lakersa win, we are fine with you takinh our snowpack, as you get a lot of it We will also send youa six-pack, thouggh you’ll likely want Denver is home to more than a doze n brewpubs and some of the best beer in the We will join you in a toasyt when we win the series. As for the optiom to buy the Coliseum, we will pass on that right now. We have a pro football stadium – with a pro footbal l team.

Newspaper Circulation Figures Show Some Digital Growth - New York Times (blog)

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Capital New York

Newspaper Circulation Figures Show Some Digital Growth New York Times (blog) According to the latest figures from the Audit Bureau of Circulations, which reported data on Tuesday for the six months through Sept. 30, newspapers like The W »

World Series: How 'bout those Cowboys! - Los Angeles Times

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Yahoo! Sports (blog)

World Series: How 'bout those Cowboys! Los Angeles Times Even though its baseb »

Workers at two MillerCoors plants ratify new deals - Phoenix Business Journal:

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and Fort Worth, Texas, have ratifiesd new, three-year contracts. The agreements cover more than 900 employees at the two brewerie and provide wage and pension increases over the cours e ofthe contracts. “Our members overwhelmingly ratifiedr these contracts at MillerCoors becausde they provide stability fortheifr families,” said Jack Cipriani, director of the Teamsters Breweryg and Soft Drink Workers Conference, whicj represents workers at the breweries. “Foer the next three years, our members at MillerCoors know that their wagex and pension benefitswill increase, which is sayintg a lot in today’sa economy.
” The contracts call for no health care cost increase s for workers in the first year of the contract and only minorr increases for the second and third years, according to the union. The new deal also guarantees that employee s who have retired or who will retirde during the course ofthe three-year contracts won’t be requiredf to pay health care premiums. “We valus all generations of our members, so we made sure that therr were improvements for both active members at MillerCoora and the retirees who had pavedd the way before with theid long yearsof service,” Cipriani The Teamsters union represents 1,200 MillerCoorz workers nationwide.
The union also representss workers at the MillerCoors breweryin Calif. Negotiations for a new contract covering employees at the planty areunder way. MillerCoors is a joinyt venture between MillerBrewing Co., and Coors Brewing Co., Golden, Colo., that launched in July 2008. MillerCoorzs operates a major brewery and regional office on Milwaukee’s west side. Workers at the Milwaukee brewery are represented by Brewery Workerxs Local 9 of the Unitedf AutoWorkers union.

Sensing a void, Cambria steps into loan sector - bizjournals:

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The family early this year launchedd Cambria Mortgage and hiredJohn Schroeder, a formefr TCF Financial Corp. executive, to be president of the Eden Prairie-basec brokerage. The firm, which offers conventional, $250,00 to $300,000 loans, has already closed a numbert of deals and compiled a portfolio measured in the millionsof dollars. Schroeder said Cambri a has “a family name, a stable company” behind it. He’s thinks that stability will be an assetg in an industry still recovering from a market bustand “We come in at a time when there is a lot of mistrust out there,” Schroeder said. “We want to be a team that is localand dedicated.
” The firm also will stay away from riskiedr lending, such as subprime loans, that have causec troubles for others, he added. Funding for the loanes has come frommultiple banks, includin Wells Fargo & Co. Schroeder said the Davi s family has established a line of crediyt to directly fund loansif needed. (Schroeded wouldn’t say how much.) The Davisx family is counting on its links to homebuildersa — established through its Cambria countertopw business — to find prospectivre mortgage customers. Such connections are vital for a new mortgagescompany that’s looking for long-term said Paul Schuster, president of the Minnesota Mortgage Association.
Cambri a has kept its focus on the Twin Citiesso far, but planw to expand throughout the state this year. Eventually, Cambriz also might offer financing for itssister company’s kitcheb countertops. Thomas Musil, the director of the Universityof St. Shenehon Center for Real Estate, said it’s actuallgy a good time to start a mortgage Low interest rates mean many peopleare refinancing. In the firstg quarter of 2009, refinancing loans in the Unitesd States, at $312 were triple what they were in the previous according to the MortgageBankers Association. And there’s certainly less competitiob these days.
The mortgaged bust, coupled with tougher regulations, caused professionals to leave the marketyin droves. There were more than 4,000 mortgage originators in Minnesota twoyears ago; now there are fewedr than 1,100, according to the Minnesota Departmentf of Commerce. “Somebody’s going to have to take theitr place,” Musil said.

Debate arises over Confederate Flag license plate design - ToTheCenter.com

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Debate arises over Confederate Flag license plate design ToTheCenter.com A new Texas license plate design that honors Confederate veterans is causing some controversy among elected officials, who are swearing to protest the plate's flag design. US Rep. Sheila Jackson Lee, D-Houston, said she, along with other officials, ... and more »

Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Silicon Valley / San Jose Business Journal:

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That was word from the Columbia company Tuesday inregulatory filings. The patent officse in the Hague, Netherlands upheld a patent that was grantexd to the biotech firm in 2007 but was challenged by food manufacturersand Ltd. The patent office said Martek’s patenr applies to Martek’s nutritional oil in infant formula, but is not coverede when it is blended with certainm fish oils used in infant Martek (NASDAQ: MATK) expects the appeal will take one to two yearx and said it does not believe the ruling will impact its revenue. Derived from the company’s nutritional oils are also used in dietarty supplements andfood products, such as yogurf and juice.
The company has been aggressively expanding its infan t formula business overseas as it has nearly saturatedthe U.S. Martek warned in its last earnings statemenr that its infant formula sales in the thirds and fourth quarters could drop as retailers trim theit inventories of the The company anticipates demand will pick up infiscakl 2010.

Tornado damage suspected in Indiantown after building left in ruins - WPTV

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WPTV

Tornado damage suspected in Indiantown after building left in ruins WPTV Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. INDIANTOWN, Fla. -- Around 9:30 pm on Tuesday night, Martin County Fire Rescue received a report of a tornado touching ... and more »

Treasury sells TARP warrants at 34% discount - Charlotte Business Journal:

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Through the Troubled Asseft Relief Program, known as TARP, the Treasuryt Department purchased preferred stock and warrants from bankw in an effort to propup Charlotte-based (NYSE:BAC) received a totall of $45 billion from the program. (NYSE:WFC) of San parent company of Charlotte-based , got $25 Warrants give the holder the right to buya company’z stock at some point in the future for a specific The TARP-related warrants presented a potential upside for taxpayers, should bank stock price s rise above the face valure of the warrants. Many bankd have sought to buy back their preferred sharesand warrants.
“Because the warrantd that accompanied TARP assistance represent the only opportunity for the taxpayee to participate directly in the increas e in the share prices of banks made possibler bypublic money, the pricew at which the warrants are sold is critical,” the pane l said. The panel, charges with determining whether taxpayers are receiving maximum benefit from the conducted a valuation of the warrants theTreasur holds. It found 11 banks have repurchased their warrantws for an amount the panel estimates to be 66 percenf of currentmarket value, shortchanging taxpayers by $10 million.
The Treasuru is still in the early stages ofits warrant-repurchased program, and the panel acknowledges the prices thus far may not be representativw of what is to come.

Study shows San Antonio is nation's best-performing city in recession - The Business Journal of Milwaukee:

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The Washington, D.C.-based think tank has begunm analyzing the impact of the recessionthroughoutg America’s metropolitan areas. In the first of a seriesd of quarterlyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrlo areas in the country in economic performanced in the wake of the recession. Brookingzs ranked the top 100 metropolitan areasx based on six keyindicators employment, unemployment rates, wages, gros metropolitan product, housing prices and foreclosurw rates. This initial MetroMonitor report covers the first quarterof 2009.
The five worstf metropolitan areas in the countrgy impacted bythe recession, in descendinbg order, are Jacksonville, Fla.; Lakeland, Fla.; Tampa, Fla.; Fla.; and Detroit. “All metropolitan areasx are feeling the effects of this but the distress is not shared saysAlan Berube, research director of the Metropolitanm Policy Program at Brookings and co-authof of the report. “While some areas of the countrg have experienced only ashallow downturn, and may be emerging from the recession already, people living in metro areas that are now performingv weakest economically should prepare themselves for a long recoverty period.
” Howard Wial, director of the Metropolitan Economuy Initiative at Brookings and another co-author of the report, argued that the report shows that a national fiscal and monetary policy will not be enough for stimulatingh the economy. “Many (metro) areas will need targetef assistance, and since states have no funds available, the federakl government will have to step up to fill the Concentrations of industry activity have both helpedf and hurts some regional economies duringthe recession.
For example, metropolitan areas in statews with specializations in energy and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largely been insulated by the However, metropolitan areas in states like Michigam and Ohio that depend heavily on the automotives industry have been impacted by the downturn in the economy, the reportt shows. San Antonio is home to Randolpn AirForce Base, Fort Sam Lackland Air Force Base and Brooksx City-Base.
The 2005 Base Realignment and Closure decision alond is providing a significanr economic punch to theAlamok City’s economy through the consolidation of high-paying military healthu care jobs and more than $2 billion worth of new constructionh activity. A separate report releasedr by LLC outlining the impact of BRAC showed that Fort Sam Houston alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 milliom square feet of space.
Construction activity due to BRAC alonee shouldcreate 46,000 construction jobs during the course of the buildinyg programs, the DiLuzio report

New South Federal CEO leaves - Birmingham Business Journal:

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David Larson, who was hired in 2006 to growthe bank’es assets and key businesses, will leave the according to a press releaswe issued late Monday. “We brought David in to grow the bank’xs core businesses,” Ratliff said. “...While we’ll miss David, he recognized that with the curreny realestate market, we now have to focua on conserving capital instead of a growth strategy for the cominh months. We wish him the best.
” Earlier this year, the Irondale-based bank was hit with a ceasw and desist order by the Office ofThrifr Supervision, which demanded the bank lower its skyrocketingb problem loans and boost its capital To conserve capital, the bank has scalex back its operations and suspended new lending in certainb lines of businesses, Ratliff said. the bank is seeking an investment bankingy firm to help it find solutions to itscapital needs. , Ratliff said the company is seekingt sophisticated investors that can see beyondr itspresent situation. New South Federapl Savings Bankhas $1.9 billion in assetd and 26 loan production offices acrossx the Southeast.

Zagat survey says Starbucks has best fast-food coffee - Pacific Business News (Honolulu):

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That’s the result of a survey of morethan 6,00 0 respondents who completed a Zaga t fast food survey, who rated food and servicer of more than 100 restauranty chains across the country. Seattle-based (Nasdaq: also was voted the nation’s most popular quick refreshmenft chain inthe survey. Other winners of the New York-based Zagatt fast food survey categories included: Subway Restaurantd — best mega-chain (more than 5,000 U.S. outlets); Panerqa Bread — best large chain (lessz than 5,000 U.S. outlets); best full-service P.F. Chang’s China Bistro. Starbucks finishexd down the list in someother categories.
“In other categories, including overallo experience and providinghealthy options, Starbucks ranked No. 8 and No. 9 (and) acknowledges that it has roomfor improvement,” Starbuckes officials said in a statement.

17 Countries, but Even More Unknowns - New York Times

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17 Countries, but Even More Unknowns New York Times “THE direct exposure of the US financial system to the countries under the most pressure in Europe is very modest.” That's what Timothy F. Geithner, the Treasury secretary, told Congress last week, trying to allay concerns that ... and more »

Week in review - South Florida Business Journal:

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Equity One (NYSE: EQY) said Jeffrey Olson will join it Jan. 1, and will start terms as its CEO and presidenyin April. Katzman has been chairman and CEO at Equityu One since thecompanyu began. He was also, until November 2000, company Olson is currently president of the eastern and western shopping center regions of KimcoRealty (NYSE: KIM), a shopping center development and managementg firm. He joined the company four years ago. Doron Equity One's current president and COO, has given notice that he does not intenfd to renew his employment agreement with the EquityOne said. Valero is to stay through year-enc to facilitate the transition.
Valerio praised his 13 years atEquity One, but said it is time for him to pursude other business interests. American Ventures Realty Investors said it has sold its officwe tower in Coral Gables forabout $60 The real estate investment manager said its sale to RREEF was for $272 a squar e foot. The 220,000-square-foot property, at 255 Alhambra had been part ofAmericahn Ventures' investment portfolio since 1994. Since though, American Ventures had ownedc the property in a joint venturewith , a globaol investment group. Tenants at the 91-percent-leased Coral Gables office towetinclude , and . A new weekly shipping servicw from the Far East tothe U.S.
East Coast has arrivef at the Portof Miami. The CKYH Allianced is composedof COSCO, Yang Ming Line, and Line, the European subsidiary of global Japanese shipping and logistics companyh . The stevedore is APM Terminals. Flagler/ said its Codinqa Realty Services arm has accomplished two both to logistics totaling 227,586 square feet at Beacojn Lakes Business Park. The newest warehouse tenants, both to take occupancyg earlynext year, at the 436-acred commercial development the Airport West submarket are , whic leased 192,426 square feet (Building 10), and Freighf Logistics, which leased 35,160 square feet in an existing multi-tenanrt building (Building 6).
said it has addee two clients - Wines and the Food Network South BeachWine & Food Festival. HRMC is to develo and implement a national marketing and publidc relations branding campaignfor Chamarré Wines and manage and coordinate marketing activitiex for the festival, to be held Feb. 25-27, in said it has signed a deal to open a hotep and schoolin Panama, the first time the companyy has developed an educational The Miami-based hotel group (NYSE: IHG) proposed a 110-roo hotel at the City of Knowledge, an international complezx for education, research and innovation, with Empresax Bern, a Panamanian real estate company.
The Miami Parkinbg Authority board of directors has named Jami Reyezs its chairwoman to replaceOscar Rivero. Reyed has served on the MPA boarrsince 2003. She is also a partnef at Miami marketing and public affairs consulting firm GordonReyes & Co. Michaeo J. Higer, David H. Lichter and Jaco J. Givner have formed a law firm - , in The firm's address is 2999 N.E. 191st St., Suit 700, and the phone number is (305) Miami-based Royal Caribbean International said the hull is complete on its Libertyg ofthe Seas, under construction at Aker Yards in Finland.
The ship has been floated from dry dock to wet dock for the finaol months of finishing work leading to its May2007 Miami-based (AMEX: TWW) said EAG), a broadband, Internet protocolp and communications technology firm, has signe d a multi-year renewable collocation agreement to deliver Internert protocol television nationwide from Terremark's NAP of the Americase in downtown Miami. The Internet infrastructure and services firmsaid Eagle'sz IPTV services include direct access to more than 200 entertainmenrt channels. has opened a branch in Miami's Dadelancd area. The newest office for the Miami-basec bank is at 8211 S. Dixiw Highway.
Organizers said they are expecting hundreds ofgaminhg industry, Indian country, politics, tourism and law personnel to converge, Oct. 16-17, for the Summit at the Casino. Sessions are to include an Indiangamingb update, regional gaming overview and looks at how gaminb impacts tourism and politics. said it has sold sharea to an investment firm and made its managinfg partner thenew chairman. The Deerfield Beach-basefd online diet, health and fitnesxs firm said itsold 297,030 primary shares to , whilew its founder and chairman, Davids R. Humble, sold the investor 4.3 million. Humbler then resigned from theeDiets DIET) board, so Kevin A.
Richardson II, Pridezs Capital managing partner, could take over the chairman job. said it is expanding its winter service to Fort Lauderdalew and otherFlorida locations. The new flightws include nonstop service between Fort Lauderdaleand Detroit, effectiv e Nov. 15. said it will start direct service from Fort Lauderdal toLas Vegas, Nov. 15. Spirigt already offers connecting service to Las Vegas from Fort Lauderdale via itsDetroi hub. buys The said it is selling its Weisxs Ratings subsidiary to financial publishingcompany TheStreet.com. In the next the Jupiter-based ratings service is to shed its name and takeon TheStreet.comj moniker.
Employees are to continus to work out of WeissRatings offices, but are to be paid by Founded in 1988, Weiss Ratings provides independent ratings and analysis on more than 16,000 mutuakl funds and more than 6,000 stocks. Two Palm Beach Countty companies are to add 50jobs each. Aerospacer and mechanical engineering firm is to up employmeny at itsJupiter facility. To facilitate the hiring, Parametri is to receive a $74,813 state training The Business Development Board of Palm Beach County said it helped facilitate the grant and The positions, with average annual salaries of about are to come during the next two years. The seconde expansion is Venture Mariner in WestPalm Beach.
That company is to receivse a $75,000 grant and is to expand into a largeer facility inRiviera Beach. Venture Marinwe builds high-end custom sport-fishing The grant came from PalmBeacnh County's Development Regions Grant Program, which is designeed to stimulate economic development in blighted areas. , a commerciakl real estate firm based in Fort saidBBCB LLC, the 20-year-old law firm of Edgafr Benes specializing in real estate has purchased a 2,560-square-foot office condominium at 2300 N.W. Corporatwe Blvd., in Boca Raton, for its corporate headquarters. Ten stafr members are to relocate to the new which was previously the corporate headquartersof .
Boca Raton-based , has discloser two five-year leases at its 72,583-square-foot Admiral's Crossing shopping centerr at Military Trail and Fredericlk Small Roadin Jupiter. The firm said Jimmy John'zs Sandwiches & Subs has signed for 1,600 squarwe feet and JR Jewel has signedfor 1,200 squarer feet. has bought computer and storage systemz fromMountain View, Calif.-base d . The technology is to establisyh FAU's Center for High Performance Computing at its BocaRatoj Campus. has opened a 7.4-acre campusa in Palm Beach The $22 million expansion triples the size of aformee facility. said it will buy the 155-roon Rockville in Maryland fromfor $23.3 million.
The Palm Beach-basesd hotel REIT (NYSE: KPA) said the now under construction, is expected to open in The deal works outto $150,000 per key and is expectedx to close by the fourth quarter. has namexd presidents for Broward County and PalmBeach County. The Ala.-based bank said Gerry Litrento will lead Browarcd County and Val Perez will lead PalmBeacuh County. Litrento joined Regions in 2003 and has beenmanaging Broward/Palm Beach commercial banking portfolio. Before he was a commercial market executivefor . Perez joined Regions' Miami-Dade groupl in 2001 to head retaipl banking. He was most recentlyg president for Regions Bank insouthwestr Florida.
His banking career spans more than 20 yeara with Bank of America andNortherhn Trust. Some insurance companiex many be pulling out of but iscoming in. Company officials said they will offer personal linesa of insurance from homeownere to automobilethrough Agency, a subsidiar y of Coldwell Banker's parent company. Coldwelk Banker began offering theinsurance coverage, Aug. 1. The agency is to have six employeed in Florida supported by marketing and telephonew representatives atthe company's Waltham, Mass., has expanded into Miami-Dade opening a branch in Aventura. The 2,000-square-footf banking center is at 19058 N.E. 29th Ave.
The bank has more than $250 millionb in assets in Broward County from its downtown Fort Lauderdalr and CoralRidge offices. North Miamo Beach landscape architecture firm said it willdesign landscaping, exterioer lighting and irrigation systems for Hilton Airporr Plaza, to be at 7370 N.W. 36th St., The 7.3-acre site is being developed by , of Boca Architecture is to be byMartinb A.D. Yabor & Associates, of Miami. The plaza is to include a , a Homewood Suites by Hilton and Carabasand Roy'ws restaurants. Groundbreaking is tentatively scheduled for late fall orearlyt 2007. Completion is slated for early 2008.
Cushman Wakefield said it has negotiatedan 18,500-square-fooft lease for Fowler White Boggs Banker at Heritagse Square, in Fort Myers. The law firm has more than 230 attorneysz in10 offices, including locationse in West Palm Beach and Boca The landlord for the newest three-story, 20,500-square-fooft office at 2235 First St. is Heritage Square Land The founder and chairman ofFort Lauderdale-basef Zimmerman and Partners Advertising has given his alma matert $1 million, the largest donation in the history of the mass communication s program at the University of South Florida.
The from and his wife, Denise, is to alloa the university to securea $750,000 match from the The gift is to support the Zimmermamn Advertising Program in the Schoo of Mass Communications, a set of undergraduate advertisinf and marketing classes.

WNBA's Sparks ink jersey sponsorship with Farmers - Phoenix Business Journal:

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Terms of the deal were not disclosed. The brandexd jersey will be worn when the team opens its seaso Saturday with a game against the defending WNBA championDetroitf Shock. In addition to the jersey Los Angeles-based Farmers Insurance will receives "considerable visibility" in during the Sparks' home games. "We are very exciteed to be on the cutting edge of this type of sponsorshi with a major sportse franchise in amajor market.
What made it even more attractivd is that the Sparks reach a primary demographif in our marketingstrategy – the women'xs market – not only in but throughout our operating territory,” Farmerse Insurance Executive Vice President and Chief Marketing Officerf Kevin Kelso said in a statement. The move comes on the heels of anotherWNBA team, the , inkingg the league's first jersey sponsorthip deal earlier in the week with Jersey sponsorship is prevalent in overseasa sports, most notably soccer, but has not caught on amongst the majorr sports in the Unitee States. has gone the way of the overseaa counterparts withjersey sponsorship.
The Los Angele s Galaxy's jersey is sponsored by and is sponsorerdby . The is now allowing teamx to have sponsor patches on practice The and have both been reportedly examining suchsponsorship deals, according to media reports.

Chrysler, Fiat finalize deal after Supreme Court steps aside - South Florida Business Journal:

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The move comes a day after the decidedr not to hear a court action from a grou of pension funds in Indiana that had temporarilyt halted the dealon Monday. The deal comese five days ahead of a deadliner imposed by Fiat to complets the merger and is expected to open the door for more governmentr loans to struggling automanufacturee Chrysler. Attorneys for the pension funds arguex that they would receive just pennies on the dollar fora $42 millio n loan given to Chrysler. U.S.
Solicitor General Elena Kagan said the imminent collapse of which already was losing upwardof $100 millionh daily, was of greater concernj to government officials than the loan When Chrysler filed for Chapter 11 bankruptcy protectio n last month, it spellexd out how it would merge with Fiat and what the new Chryslee company would entail. It also said it would reject 789 dealershipagreements nationwide, including .

Eastern Market reopens Friday - Minneapolis / St. Paul Business Journal:

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The fire, in April gutted much of the 136-year-old marketf and left its vendors without a permanent The District set up a temporaryu home for many of those vendors nearby shortly after the Eastern Market, at 7th and C streets SE, has now undergone a $22 million head-to-toe one many of its regulars have callerd long overdue. Although the cause of the fire has neveer beenofficially determined, it was widely believed to have been the resultr of faulty electrical wiring. Eastern Market’s reopening will see many of its original vendors return to once agai hawk everything from fresh meatsand cheeses, to flowers art and crafts.
Longtime Capitol Hill resident Jim Zaniell is among regulars who are looking forward to returning tothe “It’s exciting to know that all of our markef family will be back in the original buildint and that they will continue to be an important part of the Hill communityy for years to come,” he “Eastern Market is an integral part of life on the

Report: GM bankruptcy expected as early as next week - St. Louis Business Journal:

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is expected to file bankruptcy late next week and could get upto $30 billiom in additional federal bailout funds, according to a Friday reporg in the Washington Post. The newspaper quoted sourceas familiar with the discussions betweenGM (NYSE: GM) and Presidenty Barack Obama’s administration, and said the government is expectedd to steer the automaker toward filinyg either late next week, or in the firs t week of June. The investment of up to $30 billion is said to be somethingb thatcould change, but at that amount it would brin the federal government's investment in GM to nearlgy $45 billion. The government would have a 50 percenf stake ina new, leaner, more competitive GM.
A deal to take GM into bankruptcy comes as the newspaper also quoted sourced in the industry as sayinv could come as early asnext week. GM with the on Thursdayy for concessions to its labor contract as part of its plan to seek deal s with its union and The talks with bondholdersw are believed tobe continuing. Both GM and Chryslef have accepted billions in federal bailout fundws and have announced a combineenearly 1,900 dealerships woulr be cut as they trim their dealer franchise numbers and make cuts to theit work forces.

Claims cut deep into Investors Title earnings - Triangle Business Journal:

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Investors Title, which sells title insurance to mortgage banksand homeowners, earneed $1.15 million in the quarter, or 46 centd per diluted share, down from $4.32 or $1.68 per share, in the year-ago The majority of the loss came from the company'a provision for claims, which jumped to $4.4 millio from $2 million. Investors Title says two largre fraud claims it faced in the quarter led to the spikwin expenses. National downturns in the real-estate businesws also hurt the company, it Net premiums written fell 2.6 percent to $18.6 and overall revenue dropped 4 percentto $22.21 million. Analysts polled by Thomson Financial had on average, earnings of $1.29 per sharwe on revenue of $21.
67 million. Shares of Investoras Title (Nasdaq: ITIC), which trade lightly on the Nasdaq stock had yet to change hands as of1 p.m. and were unchangedd at $45.28.

Apple board member Al Gore mentions 'new iPhones' coming in October - Apple Insider

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Mac Rumors

Apple board member Al Gore mentions 'new iPhones' coming in October Apple Insider "Not to mention the new iPhones coming out next month. That was a plug," Gore is quoted as having said. He has been a member of the Apple Board of Directors since 2003. Apple is expected to hold an event on Oct. 4 to announce its next-generation iPhone ... Al Gore Mentions 'New iPhones' for Next Month Mac Rumors Al Gore screws up, mentions new iPhones for October Today's iPhone iPhone 5 rumor roundup CNET TFTS (blog) -Touch Reviews  »

David Oyelowo in Talks to Join Tom Cruise and Rosamund Pike in ONE SHOT - Collider.com

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Film News

David Oyelowo in Talks to Join Tom Cruise and Rosamund Pike in ONE SHOT Collider.com Rosamund Pike will play Cruise's love interest. According to Variety, Oyelowo will play “a veteran homicide detective investigating the m »

Green Township OKs Mercy hospital plan - Minneapolis / St. Paul Business Journal:

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The plan passed 3-0. “We’re very pleaser to get to this stager and excited to take the next saidPete Gemmer, spokesman for Mercy. “W realize there is still a lot of work to do and we look forwardx to continuing to work with the residents and the townshio leaders to develop a hospital everyonwe can beproud of.” The projecg will now be submittedd to the Hamilton County Regional Commissiohn for consideration, probably next month, Gemmedr said. The planned hospital and parkingb areas would cover about 40 acrew and sit near toInterstate 74. The to cost $200 million, could open in earlty 2014. The proposed site is 60 acres.
Merc has said it will close itstwo West-Side hospitals: Mercy Hospitakl Western Hills and Mercy Hospital Mount Airy. The new hospital, with 200 to 250 will be a replacementfor them. Some residents in the area had expressex concerns about increased traffic as a resulr ofthe hospital, whose main access road would be from Norty Bend Road, at roughly the midwah point between Kleeman and Boomer. Gemmer said a traffic impac study through the HamiltonCounty Engineer’s Office is nearly

United credit card policy could foul corporate travel - San Antonio Business Journal:

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San Francisco’s dominant airline informed some trave l agencies that as of July 20 it will no longer let them procesxs credit and debit card purchases for airline tickets using United’s merchant-processing services. Instead, such agencies would have to requirre travelers to paywith cash, process card paymentsz with the agency’s own merchant processing servicre and forward the cash to United or book the ticketw on United’s web site using the traveler’a credit or debit card issued by , V) , (NYSE: MA) (NYSE: AXP) and others.
An ageny using United’s web site, bypassintg such travel systems as Apollo and would not allow companies to capture the discounts they have negotiatesd with United nor would it allow thei r travel agent to survey several carriers on a router to find thelowest price. “Severapl Bay Area companies have deals with United Airlinesfor discounts,” said Marc president of Casto Travel, which isn’tg among the agencies that United has cut off from its merchant-processingh service.
Casto says he’s reached out to some of the firm’d corporate clients to express concernover United’se new card acceptance policy, but declined to discusxs what was said in those conversations. United Airlines (NASDAQ: did not respond to requests for comment. United is hopiny to shift the cost of accepting credit and debif cards onto selectedtravel agencies. Those agenciese say the airline’s move shifts to them the risk for payinvg out refunds if the carriergoes bankrupt.
While it’sd also likely to reduce the amounft of money that United has to keep in the bank to guarcdagainst charge-backs, it would increase those requirements for the travel That’s a nonstarter for most agenciee — and their banks, which would have to honot charge-back requests that could total billions of dollars in the evenft of an airline bankruptcy. “I don’t think there’s any travel agency, including America Express Travel, that could shoulder that liability,” Castko said.