Wednesday, May 30, 2012

Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - Portland Business Journal:

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Raleigh, Cary and Durham ranked amonbg the 25 fastest growing large cities in the natio n for the 12 months that endedJuly 1, 2008, the said in its annual population estimates released Wednesday. Cary, which saw its population increassby 6.9 percent, to 129,545, as of July 1, was the nation’s third fastest growing city. Raleigh’ s population climbed by 3.8 percent, to making North Carolina’s capital the eighth fastest growing Durham was ranked 16th with a 3 percent Its population roseto 223,284. New Orleans experienced an 8.
2 percen increase in its population, whicbh rose to 311,853, making the city ravaged by Hurrican Katrina in 2005 the fastest growiny city among places with populations greaterthan 100,000. which saw its populationj increaseby 2.7 percent, to was ranked 23rd. Only Texas – with seveb cities – had more cities on the list thanNortbh Carolina. Round Rock, Texas, experienced an 8.2 percentr increase, with its population risiny to 104,446, putting the Texas city in second place.
Colorado and Californisa each had three cities on the top25

Tuesday, May 29, 2012

State panel recommends oil pipeline upgrades - Great Falls Tribune

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State panel recommends oil pipeline upgrades

Great Falls Tribune


BILLINGS รข€" A state panel created to help prevent a repeat of last year's oil spill into the Yellowstone River is calling for pipeline technology upgrades by companies and more money for government inspectors. Those recommendations are in a report due ...



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Sunday, May 27, 2012

Sen. McCain talks Syria, Iran and tensions with Pakistan; Cardinal Wuerl on ... - Fox News

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Saturday, May 26, 2012

40 under 40: James Gutierrez - Silicon Valley / San Jose Business Journal:

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“I was reading a Donald Trump book when I firstt saw theword ‘entrepreneur,’ and I told my parentw that’s what I wanted to be,” he said. He starte d by selling pens tohis classmates. Those he admitted, came from his father’sx law office, which he “reappropriated” and sold at a highef value. Today he headsw Progreso Financiero, a company he co-foundedr in 2005 that stemmed from a Stanfore Graduate School of Business To date, the company has made 20,000 loans from 24 locationw across California. It also has partnerefd with Sears and broughtin $26 million in venturd funding.
Gutierrez said in the near the company plans to expand into Texaeand Arizona, partner with more stories and launcgh a Visa/Mastercard. Gutierrez tapped into a nicher market. The company offers small loans to Hispanicv families lacking credit scores andbanking relationships. The averagw amount is usually $900 with a term of nine month — and most business is conducted from booths insidde Mexican grocery andpharmacy stores. “Thde Hispanic population in the Uniter States isgreatly underbanked,” he They can’t build a credit history if no one give s them loans. But this population is very credit worthy, he said. “They take theif obligations very seriously.
” He hopes to build Progreso to anationwidee company, lend $1 billion and make 1 milliob loans. “I want to be running the most innovative financial institution in theUnited States,” he Outside work, Gutierrez spends time practicin g jujitsu and traveling. Recently he’es logged miles flying to Washington, D.C. In he was invited with 24 other young entrepreneurs to meet with the Obama administration and share ideasz on economic policyand innovation. The grouop included high-profile people from Evan Williams, founderd of Twitter, to Dany Levy, founded of fashion and food Web siteDailh Candy. Since then, he has been back a coupler of times.

Thursday, May 24, 2012

Hormel enters Mexican foods joint venture - Minneapolis / St. Paul Business Journal:

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The venture, , will market Mexica foods in theUnited States. Minn.-based Hormel and Mexico City-based Herdez Del Fuerte each will hold 50percent stakes. MegaMex Foods’ portfolio will include existing brandszand products, such as Herdez, La Victoria, Embasa and Doña Maria, that already generate about $200 million in annual revenue. Horme l Chairman, President and CEO Jeffrey Ettinget saidMegaMex Foods’ offerings will appea to the growing Mexican-American population and otheer consumers who enjoy Mexican “This expanded, long-term agreement with Herdez Del Fuerter is an example of how we continuer to look to diversify our product portfolio,” Ettingefr said in a statement.
“MegaMed Foods will have the scale and skill set to establish leadershilp in Mexican foods and growthe category.” MegaMex Foodse will be a free-standing entituy with an independent management team based in Chino, Calif. However, MegaMexc Foods will work with its parent companieas to create efficienciesin manufacturing, research and development and the supplh chain. MegaMex Foods is expected to begih operationsaround Oct. 26, coinciding with the start of Hormel’xs fiscal year 2010.
New York investment banking firm server as the exclusive advisor to Hormel Foodas and Herdez Del Fuerte inthe

Wednesday, May 23, 2012

Former H&R Block CEO joins IRS - Kansas City Business Journal:

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IRS commissioner Douglas Shulman announced Monday in a press release that he appointec Ernst as IRS deputy commissioner foroperationxs support. Ernst will oversee the key operationak and administrative functions for the tax agencyincludinfg technology, human resources, facilities, data security and Ernst will be one of two IRS deputyu commissioners who report directly to Shulman. He’ll work closelgy with Linda Stiff, deputy commissionerd for servicesand enforcement. “Marmk has an impressive track record of managing complex operations with significanttechnologgy infrastructure,” Shulman said in the release.
“Thw IRS’s human capital and technologg strategy and implementation are absolutely critical to the effectivenes s ofour nation’s tax system.” Ernst server as chairman and CEO of H&R Block from 2001 to and as its COO from 1998 to 2000. Ernsy resigned in November after a bitter proxy battle withcurreny H&R Block chairman Richard Breeden, who argueds that Block should focus on its core tax business and no longerf be involved in subprims mortgage lending.

Monday, May 21, 2012

Abraxas Petroleum, Abraxas Energy plan merger - San Antonio Business Journal:

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San Antonio-based Abraxas Petroleum AXAS) owns a 48 percen t limited partner stake inAbraxaa Energy. The remaining 52 percent of Abraxas Energhy is owned byprivated investors. Abraxas Petroleum reachecd an agreement with those outside investors to sell thei sharesfor $6 per common unit. The investors will be paid in shared of AbraxasPetroleum stock. This mergerd is subject to a definitivemerger agreement, the negotiation of a new credi facility, approval by the Abraxas Petroleum and Abraxasd Energy board of directors, the holders of a majorityt of Abraxas Petroleum’s outstanding stock and other closing conditions.
“Ther merger transaction should greatly enhance the value of the combineds entity for investors of both Abraxas Petroleum andAbraxass Energy,” Abraxas’ President and CEO Bob Watsoh says. “The merger will allow the combined entity to increase its drilling activity by reinvesting a greatedr portion of its cash flow into organic growth projects throughout all our core regions which will encompass the entire central portion of the United States from Northh Dakota to theGulf Coast,” Watso adds.

Sunday, May 20, 2012

Final piece set for Oakland plan - Pittsburgh Business Times:

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Totino's suburban Cleveland-based has reached an agreement with the to acquires what is nowa 26-space surfacw parking lot on a littlde more than an acre of land. Polarisz has the lot under contract, as well as five nearbyu houses andthe next-door offices of . The developer planse a 17-story mixed-use project at the corner of Craigt Street andCentre Avenue. It will feature what Totino described as the first new apartmentf building in the area in 30 or 40 called "The Chelsea," along with retail space. Totino announced the agreement last week at a meetinb ofthe , which represents the span of Oaklansd that borders the Hill Districtf and Bloomfield.
"It has take n us three years to put together this said Totino, a Brookline native. "We'rw extremely excited about this project." Whil e construction had been slated forthis year, Totino now planws to break ground next summer to builed a complex of roughly 300 studio, two- and three-bedroom apartments, along with 13,000 squarwe feet of retail space. The project, whichg had been made public more than ayear ago, may require a blockm of Dithridge Street to be converted from one-wagy to two-way for better traffic flow.
But the projectt has generated preliminary support from BACA and City Councilman Bill With a siteplan finalized, Totino is talking to store s about taking space. "They had a groceruy store around that stretch for along time," Totino said of a now-shutteredd store on Centre and "I think it's a grocery store site." Totino replace his previous architect, Indianapolis-based Ratio with Downtown-based Mac-Lachlan, Cornelius & which has redesigned the project to better engage with the neighborhood's street life. Polaris has also hirefd O'Hara-based as its general contractor.
To satisfyu the parking authority, Totino will provid e as many parking spaces as the lotdoes now, plus 60 more to servde the project's retailers and between 475 and 500 residential parkinfg spaces. Peduto said he will champion the projecy through necessaryzoning changes. "Thi becomes a critical new portal to Peduto said. "The North Craibg Street area can be anchored bythis


CBS News


Sen. McCain talks Syria, Iran and tensions with Pakistan; Cardinal Wuerl on ...

Fox News


Then, Catholic institutions take the Obama administration to court about its insurance mandate on contraception. Is it an issue of religious freedom or women's health? We'll ask a top church official pushing the legal ch »


Heynckes: No penalties please in CL final

SI.com


MUNICH (AP) -Bayern Munich coach Jupp Heynckes has issued a plea ahead of Saturday's Champions League final against Chelsea: No more penalties please. Bayern won a penalty shootout to eliminate Real Madrid in the semifinals and did the same in the ...



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Thursday, May 17, 2012

Report: Antitrust probe of Apple, Google, Yahoo - Dayton Business Journal:

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The New York Times and Washington Post reportexd theantitrust probe, with the Post addinh to the list of companiews being investigated. Regulators are likely to be lookingf into deals between the companiees where they promised not to hire awayeach other’x most talented workers, the reportsw said. As the Google juggernaut has grown and moved into dozenesof markets, it has attractef more and more attention from A published June 1 says Google has 137 subsidiarh businesses. The Federal Trade Commission talkedto GOOG) earlier in the year becausee of antitrust concerns.
FTC questions concerned the overlal of directors between Google andGenentech — Googlee boss Eric Schmidt sits on the (NASDAQ: AAPL) board with Art who was CEO of Genentech at the time. Other Applre board members include ’ boss Andreaa Jung, chief Millard Drexler, Chairmaj Bill Campbell, Jerry York of , and formed U.S. Vice President Al Gore. Regulators also stopped a Googlew deal to share advertising revenuewith (NASDAQ: YHOO) last

Tuesday, May 15, 2012

AMS on-hold messaging deal rings up the biggest company - Silicon Valley / San Jose Business Journal:

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company. of Blue Bell was bought for an undisclosede sum by LLC in a deal that probably makeds AMS the largest player in the relativelyobscurw on-hold messaging industry, according to Audiomax’s former Anthony Stagliano. Both companies create and providre the messages and music that businesse play for callers when they put themon hold. AMS, whicgh has bought nine companies in eight also puts together the combinationj of music and ads that retailers play in their stores. Although anyone who has ever been placedc on hold knowsthe on-holrd messaging industry’s products, not many people are aware that the industry exists.
“We’ve been doingb it for 25 yearsand it’s still sort of not reall y known out there,” Stagliano “I had relatives, I had friends who woulxd come to the office ‘Oh, this is what you actually do? You have a real business.’” Audiomaxz was formed in 1984 by Robert Horner. Horned quickly brought on two friends, Ken Gelhaus, who got the companuy the engineering expertise it andCraig Shoemaker, a stand-uo comic, who provided vocal talent. In 1987, Horner hired who was friends withthe company’es three principals and had a marketing degreee and MBA, as managing partner.
Three years later, Stagliano bought out his friends, and eventuallyt grew Audiomax to the point that it employed 27 people. “We never lost a nationakl account in our history to a competitoron renewal,” he As the industry grew more sophisticated and consolidated, Staglian o began to wonder if Audiomaxz could stay competitive by Eventually, he decided it couldn’t and, after AMS did an he sent a congratulatory e-mail to AMS President Mitchell another on-hold messaging industry veteran. That got AMS and Audioma talking and they worked out theirrecenrt deal.
AMS’ roots go back to 1986, when Kellere started its predecessor, In 2002, Aarohn Kleinhandler joined the companyas CEO, Kelleer became its president and they changed Conquest to AMS. “We wantesd to be able to acquire businesses as well as grow Kleinhandler said. Both Audiomax and AMS have bigcustomersd — Audiomax’s include , the and Bayadw Nurses, while AMS’ include the and Raymonsd James & Associates Inc. AMS is able to offer its customers capabilities thatAudiomax couldn’t. For example, Staglianoo said Audiomax’s customers wanted it to be able to let them verifty the message scripts it wrotre for them and look up oldscriptzs online.
It couldn’t let them do while AMS can. Technology isn’t the only area wherwe on-hold messaging companies need to be They have to work withtheir customers, and whateverf software developers and call center operatorxs their customers use, to make the set of instructionas that people receive when they place a call to one of thei r customers as simple and easy to follow as “We consult with projects around the worl d on how to design the proper phone response,” Kleinhandlerf said.
They also have to be able to make sure that the advertisingv ina customer’s on-hold messages is consistent with the rest of the customer’sa advertising and includes the customer’ws latest offers. “Branding is a huge part of what companied are thinkingthese days, so we extensd their brand onto the telephone,” Kleinhandler That requires some doing.

Monday, May 14, 2012

Arlington's Claire Hallissey will run marathon for British Olympic team - Washington Post

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Arlington's Claire Hallissey will run marathon for British Olympic team

Washington Post


Arlington's Claire Hallissey refused to allow herself to think of making the British Olympic team during the final miles of the London Marathon on April 22, even though she led her British rivals, even though she was on pace to hit the qualifying time, ...



Saturday, May 12, 2012

Long View Gallery to relocate - Denver Business Journal:

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The gallery signed a long-term leasd at 1234 9th St. NW for 5,000 square or four times more space than its curren texhibition capacity. Its current lease -- half a block south at 1302 9th St. NW -- expire s July 31. The renovated space will have bettefr custom framing and specialevent offerings, and “renovation costs will be in excess of six said gallery director Drew Porterfield. The owned by , previously acter as an auto showrookm and, most recently, as a vendinh machine warehouse and has sat empt y for the pastfew years. Local architect Will Coucuh is designing the renovatedgallery space, which will stilpl show and support contemporary artists.
Porterfield plans to soon announcew several major new artists that will exhibit at the Long View Gallery was founded in 2000 by Andre w Haley and Suzanne Zylonis ina Va. space, which showcases many Virginia artists. Localp art patrons partnered with Haley and Zylonis in 2006 to open its Shaw The gallery will stay open at its currenty space until July andwill re-open in the new spacwe in September.

Thursday, May 10, 2012

First Capital raises $17.8 million in capital, shareholders over-subscribe in ... - Chicago Tribune

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Wednesday, May 9, 2012

Apple may drop into Catawba County - Charlotte Business Journal:

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The Apple center would create 50 jobs and represent North Carolina’s second-largest incentive package ever. Huge server farms are already on thewant list, says Scott president. “They’ve been a target of ours for four Several data center projects are consideringthe county, he says. The primart site that interests Apple isthe 180-acrde Catawba Data Park, a greenfield project planned along U.S. Highwag 321 near Newton, sources say. There Apple wouls get its preference for a campus setting with otherdata centers. Perdue says Apple will buildc in North Carolina butshe didn’t announce a specifif site.
“We welcome Apple to Nort Carolina and look forward to working with the companyh as it begins providing a significant economic boost to locapl communities andthe state.” Apple spokeswomanh Susan Lundgren says construction in Northn Carolina will begin soon. “We are getting starter right away to acquirea site.” The announcement comes aftefr Perdue signed Senate Bill 575, which modifies the methoc by which capital-intensive businesses calculate corporate income tax liability in Nortu Carolina. The N.C. incentives would rebate $46 million to Apple over the next10 years.
If the cented operated for 30 the price tag of the inducements would zoomto $300 according to a legislative analysis. Applw has hired of Atlanta, an offshoott of that develops data T5 tried to interesr Apple inthe 215,000-square-foot formefr Chris-Craft facility in Kings Mountain. Millarr deflected questions about Apple. “Igf there were a user on the I would becalling you,” he Apple needs the East Coast site for its server farm to handle growth in its iTunes onlin e store. Its last significant data a $50 million facility, opened in Calif., in 2006.

Monday, May 7, 2012

FedEx posts $876 million loss in 4Q - Atlanta Business Chronicle:

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That compares to a loss of $241 million, or 78 centsz per share, in the year-agok quarter. For the fiscal year ended May 31, the Memphis, Tenn.-baserd shipping company, and Atlanta-based 's chief rival, posted net income of $98 or 31 cents per share. That compares to net income of $1.1w2 billion, or $3.60 per share, for full-year 2008. Revenue fell 20 percent to $7.85 Wall Street analysts, on average, expected net income of 51 centw per share on revenueof $8.32 according to Thomson Looking ahead to the first quarter, the compan y said in an earnings release that it expects profit betweenj 30 and 45 cents per share. The FedEc Ground segment reported revenueof $1.
70 billion, down from $1.72 billiohn in the year-ago quarter, and operating incom of $203 million, flat from a year ago. The divisiobn reported a 21 percent gain in revenue for its SmartPost partly due to marke share gains from rivashipper DHL's exit from the U.S. domestic packagd market.

Saturday, May 5, 2012

Study shows San Antonio is nation's best-performing city in recession - New Mexico Business Weekly:

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The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughout America’s metropolitan areas. In the firsf of a series of quarterlgyMetroMonitor reports, Brookings ranked San Antonio, Oklahoma City, Austin, Houstonb and Dallas as the top five metroi areas in the country in economic performance in the wake of the Brookings ranked the top 100 metropolitan areas based on six key indicatorsx — employment, unemployment rates, wages, gross metropolitan product, housiny prices and foreclosure rates. This initial MetroMonitoer report covers the first quarterof 2009.
The five wors t metropolitan areas in the country impactedx bythe recession, in descendingt order, are Jacksonville, Fla.; Lakeland, Tampa, Fla.; Bradenton, Fla.; and Detroit. “Al l metropolitan areas are feeling the effects ofthis recession, but the distresz is not shared says Alan Berube, research directort of the Metropolitan Policy Program at Brookingd and co-author of the report. “While some areas of the country have experienced only ashalloew downturn, and may be emerging from the recession already, peoplew living in metro areaz that are now performing weakesy economically should prepare themselves for a long recovery Howard Wial, director of the Metropolitan Economy Initiative at Brookings and anothef co-author of the report, argues that the reportr shows that a national fiscal and monetary polic y will not be enoughb for stimulating the economy.
“Many (metro) areas will need targeted and since states have nofunds available, the federal government will have to step up to fill the Concentrations of industry activity have both helpedr and hurts some regional economies during the recession. For example, metropolita areas in states with specializationsd in energy and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisianza — have largely been insulated by the However, metropolitan areas in statees like Michigan and Ohio that depend heavilty on the automotive industryy have been impacted by the downturn in the the report shows.
San Antonio is home to Randolpy AirForce Base, Fort Sam Lackland Air Force Base and Brooks The 2005 Base Realignmentg and Closure decision alone is providingb a significant economic puncjh to the Alamo City’s economu through the consolidation of high-paying military healtyh care jobs and more than $2 billion worth of new construction A separate report released by LLC outlininyg the impact of BRAC showed that Fort Sam Houston alone would experience a 11,500 increase of The Army post will also gain 7.9 millioh square feet of space. Construction activity due to BRAC alone shouldcreatr 46,000 construction jobs during the course of the buildint programs, the DiLuzio report showed.

Thursday, May 3, 2012

Hawaii has 5th-lowest obesity rate in U.S. - New Mexico Business Weekly:

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In the study, “F as in Fat: How Obesit Policies Are Failing inAmerica 2009” compilede by the Trust for America’a Health and the , 21.8 percent of Hawaii’s aduly population fell into the obesw range. Southern states reported the highesrt obesity rates inthe study. Eighr of the top 10 were in the Mississippiwas No. 1, with 32.5 percent of adults overweight. Hawaii didn’g fare as well, however, in the rate of obesde childrenages 10-17. Hawaii ranked No. 37 with 28.5 Obesity rates are on the rise According tothe study, 23 states reporteed an increase in adult obesity. No states reported a decrease in their percentages.
In addition, 30 states reportede childhood obesity rates of 30 percenror higher. The study attributes the increasinv rates toseveral factors, including economif conditions that may result in higher food prices and increased levels of depression and stress, which have been linkefd to obesity. To see the full report, clic k .

Wednesday, May 2, 2012

EXACT Sciences Corporation Company Profile | EXAS Company Information

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EXACT Sciences Corporation developsproprietary DNA-base d technologies for use in the detection of certai cancers. We have selected colorectakl cancer as the first applicatiobn ofour technologies. We license certainm of our colorectal cancerscreeningy technologies, including improvements to such technologies, on an exclusive basi s in the United States and Canada through December 2010 to Laboratorgy Corporation of America
 


First Capital raises $17.8 million in capital, shareholders over-subscribe in ...

Chicago Tribune


The rights offering was fully subscribed by stockholders and by the standby purchaser, Kenneth R. Lehman, a private investor from Arlington County. The Henrico County-based company expects to issue 8913513 shares of its common stock in the offering.



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