Tuesday, February 28, 2012

Bauer takes stars from 17 banks - Tampa Bay Business Journal:

http://alessandrocenni.com/mortal-kombat-armageddon.htm
The company uses federalo regulatory data to rate banks based oncapital profit/loss trend, delinquent loans and other factors. Bauer's ratinyg ranks from a high of 5 stars to a low of 0 in Coral Gables lost a star goingy tofour (excellent) from five (superior) stars. Four others maintainec their five-star ranking: American Nationakl Bank, Oakland Park City National Bankof Florida, Miamk First National Bank, South Miamki Intercontinental Bank, West Miami in Miami rose to thre e stars from two. First Unitedr Bank in Boca Raton and Biscayne Bank in Coconuty Grove roseto 3.5 stars from three. in Fort Lauderdal e made four stars, up from 3.5. Several banks went to 3.
5 from four They are: , Homestead Doral-based slippedc again, this time to thred stars from three-and-a-half stars in the first That’s down from four starsz in the third quarter of last Other banks that slipped to threestars (good) from 3.5 are: Executivw National, Miami , Miami , Miami U.S. Centuruy Bank, Miami Valley Bank, Fort Lauderdale Lydiamn Private Bank inPalm Beach, Grand Eastern Bank of Floridas in Miami, Metro Bank of Dade County, and in Miamu fell to two stars (problematic) from three. , in North Lauderdale and in Boca Raton fell a notchb toone star, down from two in the fourthh quarter.
Four banks retained zero stars, Bauer’s lowest , Miami Republic Federal Miami , Miami Integrityh Bank, Jupiter

Sunday, February 26, 2012

Janelia Farm Research Campus to expand - Washington Business Journal:

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The plans call for the Chevu Chase nonprofit institute to build new temporary campus housinvg forgraduate students, postdoctoral researchers and visitintg scientists near the main entrance of its first standalones research campus, a 689-acre expanse that openedf three years ago as the first of its kind in Northernj Virginia. The project, entailing 60 new one-bedroo apartments, is meant to help the research institute attracft more scientific talent from around the world toits 240-stront staff.
“Graduate students and post docs are with us for a relatively short period of time and they place a high valuee on living close totheir laboratories,” said Gerry Janelia Farm’s director. This marks the first majotr expansion for Janelia touted asa $500 millionm biomedical crown jewel for Northern and a rare construction project in an otherwise gloomy commercial real estate market hit hard by the WDG Architecture of Washington, D.C., is helpingf design the new 80,000-square-foogt building, which will boast the same curved shapde as the campus’ flagship, glass-walled research building.
Ashburn-based Dietze Construction Grou p willoversee construction, expected to begin this Laborr Day weekend and be completr in a year’s time. The four-story buildinyg will include a ground floor with commojn areas and covered parking for61 cars, all toppeed by three residential floors. Each incorporating natural lightand loft-likew configurations, will contain 20 one-bedroom apartments, most includingt an additional den. They will join Janelia Farm’s housing already composed of 21 studiows and32 multi-bedroom apartments and by now fully occupieds by visiting staffers. The institute will charges the short-term residents rent to help cover monthlg expenses of thenew space.
“I t is intended to break saidAvice Meehan, institute spokeswoman. “There’s no immediate plands for additionalhousing [after this project]. This will satisfy our needds for some timeto come.” The Howarde Hughes institute has applied for up to $23 million in tax-exempt bonds with the Loudoun Count y Industrial Development Authority to finance the apartmen building project and related costd -- an application that must also go beforse the Loudoun County Board of Supervisors. With a $17.
6 billion endowment, Howard Hughezs Medical Institutefunds long-term biomedical researcg by its 2,400 scientis t employees or collaborators nationwide, to the tune of $658 milliojn last fiscal year alone. Janelia Farm, anticipatintg to be fully staffed in the next two spentroughly $100 millio n on research projects and operations last fiscal

Thursday, February 23, 2012

When Reporters Become Targets, War Coverage Is Reduced to a Stream of Videos - New York Times (blog)

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New York Times (blog)


When Reporters Become Targets, War Coverage Is Reduced to a Stream of Videos

New York Times (blog)


And even now, the Syrian government is trying to strangle various streams coming out of the conflict. For many of us, war is becoming a remote affair, something that happens on a computer screen. Absent contextual reporting, it starts to sound and lo ok ...



and more »

Tuesday, February 21, 2012

LexisNexis data breach linked to New York mob family - Atlanta Business Chronicle:

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The New York-based companu — which has 3,000 employees in the Daytojn area — has sent 13,000 letters to former customers whose personal data may be at the company said in a The breach involved a former customer for a companycalled , which LexisNexid bought in 2004, and was announced by the U.S. Attorne for the Southern District of Floridqin May, according to a LexisNexis spokesperson. customer involved in this matter shoulc have provided notice to potentiallyaffected individuals,” LexisNexis said in a statement. because the customer is no longer in business we providedthe notice.
” According to the — whicb includes CIO magazine and PC World — the New Hampshirew Department of Justice posted a document Friday on its Web site to inforj consumers about the By Monday evening, however, the link had been The document reportedly tied a Florida man, with mob connectiona to the Bonanno crime family, with accessing LexisNexies data. New Hampshire officials could not be In May, LexisNexis announced it is part of a separates investigation into alleged credit card fraud, perpetrated by formetr customers of the company, according to a company statement. That fraudr occurred from June 2004 toOctobee 2007. The U.S.
Postal Inspection Servicd released a statement thatsaid 40,000 letters will be sent to consumer and 300 victims have been identified in an investigation concerning the breach. The company was part of a similar incident in 2005 and sent letters thento 280,000 customeres who may have been victims of identity theft. LexisNexi U.S. is a unit of plc (NYSE: RUK), the Anglo-Dutch publishingh conglomerate. The company is an onlind information services and publishingt companywith 13,000 people worldwide.

Sunday, February 19, 2012

New Cousins CEO Gellerstedt gets raise - South Florida Business Journal:

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Gellerstedt's base salary was increased from $375,000 to $500,000, his targert annual incentive cash bonus award was increasedto $525,009 and his target long-term equity incentive award was increased to the filing shows. The 2009 cash bonuse and equityincentive award, if earned, are expecteds to be awarded by the company'as Compensation, Succession, Nominating and Governance Committee in February 2010. Gellerstedtf is replacing the retiringTom Bell, who turns 60 this year. Bell made a salar y of $650,000 and had $2.6 million in tota compensationfor 2008, according to a proxy filing. 53, came to Cousins (NYSE: CUZ) when the REIT boughtt his firm, , in June 2005.
Gellerstedt served as chairmajn and CEO of the BeersConstructiob Co. from 1986 to 1998. In 1998, after the sale of Beersw to Skanska USA, he was elected chairman and CEO of AmericabBusiness Products, a packaging and printed officew products company. In 2000, Gellerstedt became president and chief operatinhg officer of TheIntegral Group, an urbah mixed-use development company. He went on to found The Gellerstedyt Groupin 2003.

Friday, February 17, 2012

WaMu

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The renovations include about 30 branches in the TampsBay area, said Nancy a spokeswoman for Chase. Chase has hiresd contractors, who are currently hiringf subcontractors forthe work, Norris The branches slated for remodeling were builft with WaMu’s patented “Occasio” design, intended to emulate a retailp store environment. Instead of standing behind the traditional windows with cash tellers help customers from kiosks in a circula layout and direct those needing cashto machines.
Chasre will eliminate the free-standing “teller towers” and cash-dispensin machines and replace them with atraditional layout, including teller windowss behind glass and offices where bankers can sit with customers to discusa products. Two Tampa branches, at 144 Westshore Blvd. and at 16069 Tampa Palms Blvd., served as test locations and were remodeled in Februartyand March. They were not conducive to the traditionalkteller lines, so they have a modified versiohn of the design that is planned for the remaining branches, Norris said. The project raises a debate about banking The traditional branches are more practicapl and more conduciveto privacy, Norrid said.
But branches designed as retai l stores allow banks to be more responsiver tocustomer needs, said John Puffer, chairmanm and CEO of Pilotf Bank. Since 2006, Pilot, a Tampa-based community bank, has openes retail store-style offices in Westchase, Templs Terrace and Lakeland with service island s fromwhich “universal bankers” can serve any customer “It’s an environment where we can engage the client, have real conversation with them, understand their needs and be responsivee to them,” said Puffer. Chase aggressively pushexs cross selling inits branches, industry observersa say. “It’s about transactions for them,” Puffer said.
“For us, its abou interaction with our clients.” Pilot plana to convert three other offices in Tampa to the Puffer said. JPMorgan Chase (NYSE: JPM) bought most of WaMu’s banking operations for $1.9 billion in September, aftet the housing market downturn caused losses at what had been the largesgt thrift in the United States and it was seized by regulators. While Chase historically has had a strong presence inthe state, including about 3,800 peoplw providing mostly back office functions at five officezs in the Tampa area, the WaMu deal instantly elevateds Chase to one of the larged retail banking players in the Florid a banking market.
Even after closing 25 WaMu officeesin February, Chase now has 247 branches in Florida, all but 20 of them branchee that it picked up from WaMu. Only markety leaders (NYSE: BAC), Wachovia, STI) and (NYSE: RF) have more branches. WFC), which bought on Dec. 31, has said it will rebrandf the Wachovia offices over the nextthree years. Chasde has been rolling out the WaMu conversions In March it rebranded 708 WaMu officesin California, spendinyg $375 million.
Another 700 branches in Florida, Georgia and other states are scheduled for conversion in thethirrd quarter, followed by 800 more branchesx in the western United States in the fourtj quarter, according to a February presentationj for investors by the With its push into Florida, Chase namecd Rich Sawyer as retail market manager, overseeing a branchb network in Tampa, Orlando, the Space Coastt and 55 branches in the Atlanta Chase is expected to detail its commercial banking strategu for Florida next month.

Wednesday, February 15, 2012

Payroll tax deal could boost US economy - CBS News

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Los Angeles Times


Payroll tax deal could boost US economy

CBS News


(MoneyWatch) A congressional deal to extend both a payroll tax cut and jobless benefits through year-end is unlikely to provide a major jolt to the US economy, but it should help support the recent upturn in growth. Under the agreement, which lawmakers ...


Paying the tax piper< p size="-1" color="#6f6f6f">Los Angeles Times


Boehner defends payroll tax deal

CNN (blog)


Deal or No Deal? Congress May Have Agreement on Payroll Tax Cuts

Forbes


ABC News (blog)


 »

Monday, February 13, 2012

Motorists should be wary of winter weather - Springfield News-Leader

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Motorists should be wary of winter weather

Springfield News-Leader


Motorists can expect some traffic snarls this morning with snow and sleet expected to have arrived some time after midnight. Missouri Department of Transportation issued a winter travel advisory Sunday evening. Roads are expected to be snow or ice ...



and more »

Saturday, February 11, 2012

Select Sires declares 2011 a record year - CattleNetwork.com

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Select Sires declares 2011 a record year

CattleNetwork.com


Select Sires Inc. and with its member cooperatives are proud to report that 2011 was once again a record-breaking year. Select Sires' sales grew to surpass 12.8 million units of dairy and beef semen to its member cooperatives and international ...


Select Sires: 2011 Record Breaking Year

AgWeb



 »

Monday, February 6, 2012

Why I didn't attend my tragic sister Leslie's funeral, by Backstreet Boys star ... - Daily Mail

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Daily Mail


Why I didn't attend my tragic sister Leslie's funeral, by Backstreet Boys star ...

Daily Mail


By Daily Mail Reporter Nick Carter did not attend his sister's funeral in New York over the weekend because of a family feud. Leslie, who was just 25, was buried during a sm »

Saturday, February 4, 2012

Embarq, CenturyTel complete $11.6B deal - St. Louis Business Journal:

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Buyer (NYSE: CTL) completed its $11.6 billioh stock and debt purchase ofEmbarq EQ), the companies announced earlyu Wednesday. The combined company, , will be based in La., and potentially have $8 billio in annual revenue. It has more than 2.1 millionm broadband customers, 440,000 video subscribers and 7.5 milliobn access lines in 33 states. Embarq shareholders are two-thirds owners of the combined company, having received 1.37 CenturyTel shares for each Embar q sharethey owned. The deal included CenturyTel assumingt $5.8 billion in Embarq The two brands will be converted gradually to a process expected to conclude laterthis year.
“Thee completion of this merger is a significanf event forour customers, communities, investors and CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced the people and the financial stability to deliver the reliabl and innovative services that our customers want and We look forward to this exciting new chapter inour company’ds history.” CenturyLink will keep “aa significant presence” in the Overland Park though that location wasn’t among the regional operatinyg headquarters listed: Las Vegas; Wentzville, Mo.; Orlando, Fla.; Wake N.C.; and La Crosse, Wis.
Embarq now employsd about 2,800 in the area, down from 4,500 when it spun off from S) in 2006. That drop reflects the sale of Embarq’ws logistics unit earlier this year and continual job cuts as the companyy has attempted to keep a lid on costs in anindustryy that’s losing core customers to mobile phones. The recession has accelerate that trend, and observers say that coulc mean deeper and faster cuts than originally anticipated as thecompanies integrate. By joining, the rura phone companies expect to saveabouty $400 million a year in operatingt and capital expenses by 2011. They expec t combined operating cash flow of morethan $4.2 billion and free cash flow of abouty $1.
9 billion. CenturyTel expects to continue its currentg annual dividendof $2.80 a share. The combinationh is expected to add to free cash flow per sharein 2010. Sharez continue to trade under CenturyTel’s ticker Embarq CEO Tom Gerke will serve as executivd vice chairman of the CenturyLink board and oversee regulatory and governmental relations andhumahn resources. Embarq ranks No. 3 on the Kansas City BusinesszJournal ’s list of area public companies.

Thursday, February 2, 2012

Local companies find business value in golf sponsorship - Jacksonville Business Journal:

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In an economic downturn that has most companiex cutting back on staff and the government health care services company has enjoyee robust growth for more than a ThePonte Vedra-based company now has its eyes on The Playerd Championship to build on that growth. MDI decided this year to invesrt in a chalet on the 18th hole of The Playere Championship course at TPC Sawgrass to entertaij clients and employees duringthe tournament. MDI, like the hundreda of companies that opt to invesf marketing dollars inThe Players, lookds to the May 7 to 10 tournamentt as a venue for networkinbg and developing business relationships.
And they pay thousandws to woo potential clients and pamper existing ones from exclusived perches on one ofthe nation’z premiere golf courses. An Island Club package at The Playerzs is on the low end of the cost scalweat $4,800 for a shared hospitalityy venue and 16 A 30-ticket package with Clubhouse access and a tent overlookinf the 16th and 18th holes comes with a $15,90 0 price tag. PGA Tour officials declined to discusds more pricey sponsorship packages for the Dan Stoll, chief administrative officer at MDI, said his compan y will shell out about $200,000 to entertainb up to 150 current and prospectivse clients, as well as some at The Players and other social event s planned during the week of the tournament.
That includea a business dinner on how clients can lower health care costs and a grandf opening soiree for itsnew headquarters. The companh relocated its headquarters to Ponte Vedra in and in January movefd into anew 80,000-square-foot building in Nocatee. This will be the company’ds first year at the tournament. “We previously weren’t reallyh in a client-oriented type of environment, but now we are in the commerciall marketplace, so it’s Stoll said. “We really need the exposure and visibilityg to talk withdiverse clients. The clientele at the Player s are people whoare professionals, a lot of insurancr people.
They golf with theifr clients, so it’s a very commonm venue for them.” Stoll said that community philanthropyy and sporting sponsorships have long been part of the fabriv ofthe company, and the tournament’as donations to charity also playe d a role in the decision to participate. That sentiment was echoeds by , a Chicago-based provider of risk managementt services. The company, whic has a Jacksonville office, has been a benefactoe of The Players for more than10 years, but decidef this year to increase its presencd on the golf course by upgrading from buyinf daily tickets to a private “It was a good business decision for said Andy Haynes, resident managing director for Aon’ Jacksonville office.
“When we spend our marketinhg dollars, we feel like it makes good business sensre for us because we are also giving back to the The company has recently developed a new country clubinsurance program, and Hayned said The Players affords the companyt intimate time with its target It will be sharing a chalet with , an insurancwe carrier. Although neither company coulc articulate a hard return on they both said investing in the tournament doespay off. “We wrestled with that,” Stoll said of determinint the returnon investment. “We’re not a but we are emerging, and at this stage, what we are tryingh to do is create an image and exposure.
Will we get our investment back in thefirsy year? We believe we