Monday, December 31, 2012

Frisco nabs NBA minor league team - Business First of Buffalo:

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The team was purchases by LLC and will play its home gamesd at the Dr Pepper Arena beginnint withthe 2010-2011 basketball season. The team will not play duringgthe 2009-2010 season. Donnie president of basketball operations andgenerap manager, will serve as principal owner and operatorf of the team. The ownership grou p also includesEvan Wyly, chairman of . The acquisition and subsequent move to Friscio was officially announced by NBA Development League President Dan Reedon Thursday. “We’re very excite to be in Frisco, an area with deep fan support and a history of successful sports Reed said.
“We're thrilled to welcome such a well-respectedc and experienced group to theNBA D-League ownership ranks. Not only are Donniee Nelson’s basketball credentials terrific, but he has assembledx a group with impressive business credentialsas well. Donnie’as investment in an NBA D-League team is a greaty validation of bothour league’s past successa and future growth prospects.” The new owners plan to announce the team'as new name, colors and logo, along with the coaching at a later date. was formed in 2001 and included 16 minor league teams duringthe 2008-09 season.

Saturday, December 29, 2012

MetroPCS offers cheap international calls - Dallas Business Journal:

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The Richardson company said Tuesday the service will be availablr asan add-on to the firm’s $40, $45 and $50 monthl y plans, including family Customers can call more than 100 countries, MetroPCS "It's probably the lowesty cost for international calls in the wireless industr y right now," says Jeff Kagan, an independentg wireless analyst in the Atlantw area. "Now the question is, Will this cause othet players to reducetheir rates?" Kaganj adds that he doesn't believe any other compan in the wireless industry is offering "anything to MetroPCS' international rates. "If it sticks this would be a breakthrough deal forthe customer.
" The company’s calling plans range from $30 per month to $50 per MetroPCS’ stock (NYSE: PCS) was selling for $14.49 per share, up 16 on Tuesday morning.

Friday, December 28, 2012

Cousins Chairman Tom Bell retiring - Nashville Business Journal:

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Gellerstedt will remain president, the Atlanta-basedx real estate investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairman inDecembefr 2006. Under his watch, the company sold nearly $3 billiomn in assets during the market’s peak for special dividends totaling $12.62 a share. “There is never a perfect time to leav e a company as respected and admiredas Cousins, but I’mj confident that after sevenh and a half years as chief executive, the compant is ready for new leadership and reneweed energy,” Bell said in a statement.
“My decision to step aside now allows our extremely talented management team undef the guidance of Larry to make important decisions that will preparre Cousins for the next phase of the realestates cycle.” Bell remains deeply involved in Atlanta’ s civic life. He has been instrumental in the effory to save from financial The movement began over dinner in early 2007 when the tablwe conversationof A.D. “Pete” former CEO of , and Bell turned to Through their leadership and donationsfrom , ’s $5 and . "I thought he had big shoe s to fill when hetook over, since he was replacinv Tom Cousins," said Hal Barry, founderd of Barry Real Estate Cos.
"Since then, he' done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlantaq have just been over the top. I hope he doesn't give up some of his effortds that have meant so much to theAtlantwa community. I just admire the heck out of Gellerstedt, 53, came to Cousinx (NYSE: CUZ) when the REIT bought his firm, , in June 2005. Gellerstedt servedx as chairman and chief executive officere of the from 1986to 1998. In after the sale of Beers to , he was electec chairman and CEOof , a packaging and printed office productws company. In 2000, Gellersted became president and chief operating officerof , an urba n mixed-use development company.
He went on to found The Gellerstedtr Groupin 2003. In other companu news, Cousins’ board of directors named S. Taylot Glover non-executive chairman of the board. Gloveer joined the Cousins board inFebruary 2005. He is currentluy the president and chief executive officerof

Tuesday, December 25, 2012

Abbotsford Santa saboteurs deflate family's Christmas spirit by vandalizing ... - The Province

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Abbotsford Santa saboteurs deflate family's Christmas spirit by vandalizing ...

The Province


Mean-spirited Grinches have stolen an Abbotsford family's Christmas spirit. For 11 years, Sheri and Dale Kasper have transformed their front yard into a winter wonderland. But on Christmas Eve, in the cover of darkness, two vandals crept onto their ...



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Monday, December 24, 2012

State senator wants to remove UC

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In a release, Yee, who received his bachelor’s degreew from UC Berkeley, said that the Regents of the systenm think theyare “above the law.” The Universitg of California Office of the Presideny shot back in its own release, saying that the systemm is one of the few agencies in governmenft that is working, that it’s flourished under its and that the salaries it pays to top leader s is below the national average for comparable institutions. The state’s constitution guaranteed the regents autonomu on all issues related to management of the systemmsince 1879.
The proposed amendment, SCA 21, and its counterparty on in theState Assembly, ACA 24, need two-thirds approvall from the legislature and then needs approva l from state voters.

Sunday, December 23, 2012

Schurkey Swanke, Grand Forks, ND, letters: Developers created, should solve ... - Grand Forks Herald

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Schurkey Swanke, Grand Forks, ND, letters: Developers created, should solve ...

Grand Forks Herald


Grand Forks Mayor Mike Brown has succeeded in finding third parties to recommend his goal of socializing the Grand Forks housing market. By: Schurkey Swanke, Grand Forks Herald. GRAND FORKS รข€" Grand Forks Mayor Mike Brown has succeeded in ...



Friday, December 21, 2012

Fed's Beige Book: Midwest contraction

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Whereas some industries experiencede substantial drops in activity during the past six modest increases in other sectorx led the Fed to characterize theNintnh District’s contraction as moderating. The Ninth Federa District includes Minnesota, Montana, North Dakota, Southu Dakota, the Upper Peninsula of Michigan andnorthwesterj Wisconsin. Consumer spending and tourism werestilk weak, but had “improved somewhat from the previouzs few months,” according to the Fed. The servicer sector continued to experiencedecreased revenue, employment and profits compared to a year ago, and furthetr profit contraction is likely.
The Fed characterizex the commercial real estate sectoras “anemic,” adding that residentiao construction continued at steadily low levels. The residential real estatew market did see more activity than in the previouasreporting period. Manufacturing continued its as did energyand However, some wind energy projects continue to move forward, and gold mines are at “near capacith production.” Labor markets continued to struggle. Job cuts in many of them in the health careand medical-devics fields, were cited by the Fed in its assessmenr of labor conditions. Wage increases were modest, and firmx surveyed by the Fed expect toincrease employees’ wages by 1.
8 percentt over the next year. Price increases, were “subdued,” with the risingh cost of gas anotabler exception, the Fed reported. The Fed’s next Beigde Book report is dueJuly 29.

Thursday, December 20, 2012

Economist:

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Nigel Gault, chief U.S. economist for , said in a reportg this week that “after back-to-back declines in real GDP of more than 6percenyt (annual rates), the period of economic free-fall seems Despite the prospects for an end to the Gault points out that a rapid recovery is not in the after such an extreme global financial shock. “Itr remains premature to suppose that the financial system has been We expecta 3.1 percent decline in GDP for the less severe than our April forecast of 3.5 percent, followedf by a 1.5 percent rebound in 2010,“ the report Gault noted that consumer spendinb beat forecasts in the firsgt quarter by gaining 2.
2 percent, following its 4 percentt plunge in the second half of 2008, but spendinb will likely remain flat, at through the end of 2009. As for the housingy market, Gault notes that despite the fact that residential construction had its steepest decline so far duringf this downturn in thefirsy quarter, the outlook is improving. “Most key indicators of housingactivity (home sales, housinbg starts and permits) are showing signds of stabilization, based upon dramaticallyg improved affordability — for those who can qualify for credit.
Even thouggh there will be a delay after housing starts hit botto m until residential construction spending starts to the latter should occurby year-end,” he wrote. Regarding the energt sector, Gault said drilling activit has not yet finished itsdownwarcd trend, but is closwe to the bottom. Like the rest of the economy’ss prospects when the slow recovery beginsin 2010, Gaulty does not expect energy pricexs to spike quickly as some recent reports have Oil prices will average $46 a barrelk this year, he suggests, rising only to an average of $54 in 2010 and wouled not move past $75 until 2012.

Monday, December 17, 2012

Savara Pharmaceuticals obtains Series A financing - Austin Business Journal:

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million Series A financing according toa U.S. Securities and Exchangr Commission filing. The Austin-based company is developing an inhalation-based drug delivert system and will use the funds to continue developmenft of its NanoCluster technology in the dry powdertherapeutics Savara, which moved from Kansas last didn’t disclose its but the SEC filint indicates they've attracted 13 backers. Savara was foundefd in 2007 with technology developed atthe . In late it moved to the five months after Austijn entrepreneur Rob Neville was namedthe company’s chairmam and CEO.
Neville previouslyt was founder and CEO ofanothetr ATI-based company, That startup was acquired in 2000 by Houston-basex for $100 million about a year after it was Savara’s pulmonary — or via the lunga — drug delivery initially developed in 2004, is baseds on nanotechnology and dry powders rather than conventionall propellants. It plans to offer its platfork to drug makers seeking alternative delivery methods and to developl itsown drugs. Last year, Savar garnered an undisclosed amount of financiny from a syndicate of 12angelo investors, most based in Texas, Neville said. During 2008, Austin-areaq life sciences companies attractef $18.
7 million in venture capital comparedwith $195.1 million in 2007, accordinbg to .

Sunday, December 16, 2012

Smart bets web extra: Jason Daniello's solo show - Mountain Xpress

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Smart bets web extra: Jason Daniello's solo show

Mountain Xpress


Singer/songwriter/multi-instrumentalist/rocker Jason Daniello (Broomstars, Clouds of Greer) is gearing up for his last solo show of the year. Daniello performs regularly around Asheville (The Lab, WXYZ Bar), playing both originals and covers from the ...



Saturday, December 15, 2012

Is this proof that beer goggles work on mirrors? Men think they're more ... - Daily Mail

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Daily Mail


Is this proof that beer goggles work on mirrors? Men think they're more ...

Daily Mail


35 per cent of men rate themselves as more attractive after having a few pints, whereas just 13 per cent of women feel the same and two in five say they think their partner is less attractive after drinking. Really? A third of men are convinced they ...



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Thursday, December 13, 2012

National index: Manufacturers begin to struggle - East Bay Business Times:

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A manufacturing index compiled bythe Ariz.-based weakened to 47.7 in December, signaling the firstg contraction of the sector in 11 The tipping point for the indexx is 50, with a reading above that reflecting growth in the A reading below 50 represents a declines in manufacturing. The report said slowing demanedfor products, rather than excess inventories, resultef in manufacturers slowing production.
"December was apparently a very toug month asnew orders, productiomn and employment were all below the breakeven mark of 50 Norbert Ore, chairman of the ISM's manufacturingg business survey committee, said in a "Industries close to the housing market appear to be struggling more than others, and thosee involved in exports seem to be doing The overall reading of the index is the weakesyt since April 2003, and it also marksa the sixth straight month that the index has postefd a decline. Manufacturers also reported raw materiap inflation including oil and corn andnatural gas.
ISM did reporr growth in some productionh areasincluding tobacco, computers and petroleum and coal and On average, manufacturers surveyed said prices paid for goodes and services overall rose by 6.5 percent in 2007, and they anticipated a virtually identical increasd in 2008. Manufacturers also expecyt a 4 percent increase in wages anda 7.5 percentr hike for employee benefits in 2008--increasesx that slightly exceeded thosd reported for 2007. They anticipate their energy costx will rise nearly8 percent.

Wednesday, December 12, 2012

Funeral industry gears up for boomers

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The projects the annual number of deathd in the United States will risefrom 2.6 millioh next year to 3 millionh in 2024 — and 4 million in 2043. “We hear the tidall wave is coming,” said Chris Meyer, owner of in “We’ve known the (baby boomer trend) has been coming for some so the industry has been gearing up for that to saidBob Rosson, a Mississippji funeral home operator and an executivde board member of the . “We’ll be able to handle But the industry firs has to survive the currenydeath trough. The number of deaths in the Unitecd States declinedby 0.9 percent from 2005 to in part because of a mild flu according to the .
Health care advancess have ledto record-high life expectancied and lower annual death rates for a ranges of diseases, including stroke, heart diseasse and diabetes. “We have actuallgy felt a lightercase load,” Meyer said. “I thinki some of the bigger funeral homes have felt a precipitouwdrop off.” Baby boomerws might live longer than their parents, but sooner or lated they’ve got to go. Thoss who want traditional burials should preparr forrising prices. The mediam cost of a funeral in the United Stateswas $6,1965 in 2006, according to a National Funerak Directors Association survey released last year.
That which includes a $2,255 metal casket, was 11 percenft higher than inthe association’s surveyy in 2004. With the inclusion of a concrete vault, which many cemeterie require, the price rises to “That’s the funeral that is goingg outof vogue,” said Joshua Slocum, executivre director of nonprofit . He predictse that the funeral industry will respond to the risinb death rate by offering cheaper servicesto “This is not going to cause a run on he said. “If anybody’s going to jump into the embalminv businessthinking it’s recession-proof, they’re misguided. Baby boomers are not interester intheir grandma’s funeral.
” Cremation rates in the Unitee States increased from 26 percent in 2000 to 35 percentg in 2007, according to the . The association projects a rate of 39 percent next year and 59 percengtby 2025. “In some places of like Marin County, you’re looking at a 90 percent crematioj rate,” Slocum said. Cost is a big but there are also demographicc changesat work. “They say the ‘greatest generation’ were more traditional, more religioues people,” Meyer said. “Now, more educatee people, more liberal thinkers (who are) less religious in many tend to think, ‘It’s all abougt economics for me.
’ ” Meyer, whose mortuarg offers both cremation andembalming services, said a traditionaol burial costs $6,000 to $10,000, depending on the Cremation costs about $1,000 to In the Sacramento area, Meyer said, “there’s been an explosiobn of storefront cremation places.” Bodiezs come in and get shipped to off-sitr crematoriums. The ashes are returned in an urn. “The y don’t have the facilities to embalm,” Meyer said. “They don’gt have a chapel. It’s wildly cheaper. It’sx sort of the Wal-Martification of the funeral industry.” or “natural” burials are also growing in popularity.
People are buried in a caskeft made of abiodegradable material, such as pine or wicker, or they can skip the caskeft and just be buried in a Only one cemetery in in Mill Valley, offers green burials. It startee offering the servicein 2004.

Tuesday, December 11, 2012

With IBM out, Oracle to buy Sun for $7.4B - Triangle Business Journal:

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billion transaction, the companies announced Monday. The total valuw of the deal includesthe stock, the purchase of Sun'as cash reserves and the assumption of Oracle placed the acquisition cost at $5.6 billion, net of Sun'ws cash and debt At $9.5 a share, the stock price Oraclre agreed to pay, the agreemeng offers a 42 percent premium over Sun's closing price on April 17. Redwood Calif.-based Oracle (Nasdaq:ORCL) said that it expectx to add at least 15 cents to its bottokm line in the first year after thedeal closes, whicj is expected to happejn this summer. The company expectse to add $1.
5 billion to operatingy profit in the first year and morethan $2 billiojn in the second year. "Thre acquisition of Sun transforms theIT industry, combining best-in-class enterprisse software and mission-critical computinh systems," said Oracle CEO Larry Ellison in a The deal appears to brinb to the close the drawn-out saga of Sun on the sale Lengthy negotiations with IBM brok down after Santa Clara-based Sun'z board declared that an IBM offer of $7 billion for the company was too low. IBM and stopped negotiations after that.
Publishefd reports last week said that Sun approachecd IBM in hopes of reviving the negotiations but that Big Blue because of concern s thanan IBM-Sun deal would lead to lengthy anti-trust reviews by regulators around the world. Oracle uses Sun'ds Java software and language already in some of its including its Fusion Middleware and Oracle uses the Solaris operating system for itsdatabased business. Armonk, N.Y.-based IBM, with about 10,500 employees in Researcuh Triangle Park, is one of the largesr employers inthe Raleigh-Durha m area.

Saturday, December 8, 2012

Ford ute's useful format - New Zealand Herald

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New Zealand Herald


Ford ute's useful format

New Zealand Herald


Ford's $57,090 XLT super cab auto Ranger ute, with a 147kW/470Nm 3.2-litre turbo-diesel engine, six-speed auto and four-wheel-drive with low range accessed via an easy dial. Over 1000km of mixed running we averaged 9.3 litres/100km - 0.1 above claim.



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Friday, December 7, 2012

Community Shelter Board addressing issues that cause homelessness - Business Courier of Cincinnati:

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Jennings, 37, sought immediate relief at the . She then turned to the , an area agenchy that offers solutionsto homelessness. These days she’ws working on a nursing degree and living at Southpoinr Place in Columbus a permanent, supportive housing system that offers supporf groups, counselors and social workers dedicated to helpingt residents identify and solve the problems that led to their “I won’t be living here forever, of but I think I will stay until I am finished getting the help I says Jennings, who believes she is on the road to stabler employment and housing as a resulf of the programming, which is overseen by the Communityy Shelter Board.
She says the agency’z initiatives have made her a better parentg and provided her with mentalhealthy treatments, which she now realizes she Jennings is grateful for the help and wantsd to volunteer for the organization as soon as she gets on her “I want to help people understand that even thouguh they may face homelessness and other barriers in their lives, there is hope. People need to know that toughytimes don’t have to last forever,” says Jennings, who likeas the fact that the Community Shelter Board focusess on the root problems people face in addition to the homelessness.
“Southpoint Place wants to rehabilitate Its staff offers a support system that some of thesr residents never hadin life. These peopl are getting the help they need so they can go the next leve and contribute to the she says. Barbara the Community Shelter Board’s executive says clients make her eager to go to workeveryy morning. Jennings, in particular, inspiresw her. “Southpoint Place signifiess a new beginning for this young mother andher family; she is very dedicatedd to being an advocate for others who have experienced homelessness,” says Poppe.
Foundes in 1986, the Community Shelter Boarrd is a partnership betweenthe city, Franklin County, , and businessd community, says Poppe. It funds an array of programs includinghomelessness prevention, emergency shelter housing placement services and supportive housing. The organization accommodates morethan 7,5009 individuals annually through its emergency shelter service. It serves 1,000 people through its supportive housing program and roughly 500 households with its homelessnesspreventionj service. Services are provided by a dozen differen t agencies throughoutthe community, says who adds that the state of the economhy and the housing crisis have been aggravating the homelesw problem.
As more people run out of unemploymen insurance or lose theid homesto foreclosure, the agency has to strain to keep up. In the government and private donations to the Communityg Shelter Boardare dwindling. “Businesses and individuals have fewer dollarsx due tothe recession. As for us, we continue to see high numbersd of people experiencing homelessness and a sudden increase in termds of lengths of stay in ouremergencyu shelter,” says Poppe. The agency, whichb operates on an $11 million annual budget, received most of its support from the city of Columbua andthe , which contribute a littler more than $3 million each.
It also receives funding from the United Way of Central theprivate sector, and federal and state says Poppe, who estimates that between 75 and 80 percent of funds can be attributed to publicd support; 20 to 25 percent represent privatd dollars. Members of the business including , , , , and providse in-kind support, says Poppe, who is always looking for additionall funding and companies willing to hire Communityt Shelter Board program graduates and provided volunteers to work invarious “Our budget has been increasing over the yeare because we have been increasing our investment in housing programs and long-ter m solution housing,” says Poppe, who adds that the agencyy has been receiving national attention.
“Our community is a modelo for the nation due to our ability toaddresa homelessness,” she says.

Thursday, December 6, 2012

Walker Art Center sells small office building to restaurateur - Minneapolis / St. Paul Business Journal:

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McCarty, which owns Grandview Grill in St. Paul, the Uptowm Diner in Minneapolis and about four other restaurantw in theTwin Cities, bough the 20,000-square-foot office building at 1752 Hennepi Ave. from the museum for $1.95 million. The half-acre site is immediatelyu south ofthe Walker. The deal closed in McCarty won’t say what he planx to do withthe building. Andreaq Christenson, a retail real estate brokerd atin Minneapolis, said she wouldn’t be surprised if McCartyu moved the offices of his St. Paul Development Co., from St. Paul into the space. McCartyg recently opened at 89 S. 10th St. in the old Hell’as Kitchen space in Minneapolis.
Ryan French, a spokesmanj for the Walker, said the museum had bought the 1752 Hennepin building as part of alarger 3.4-acre plot of land from for abouyt $11 million in the late ’90s. The Walker used the buildingy as a temporary home for its offices during construction ofthe museum’x expansion about three years ago. For the past two years, it had unsuccessfullyu tried to find a tenant to leasethe space. It got an unsolicited and “attractive” offer from McCarty, and its board of directors deciderd to sellthe building. Proceeds were put in the Walker’z endowment, which funds its general operations.
Frenchb said he didn’t know what McCarty plans to do with the McCarty has discussed the site withthe , but hasn’t submitted any formak applications for it, according to a city

Tuesday, December 4, 2012

Maryland claims MiddleBrook Pharmaceuticals owes it money - Washington Business Journal:

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The drug company, now based in Westlake, Texas, said it had receivexd the lienfor $88,478 for not paying the appropriatr amount of sales and use taxes conclusions that MiddleBrook officialsa said stemmed from a routine Maryland state auditf conducted between 2004 and the first half of when the biotech was still headquartered in Germantown. The compliancew division of thestate comptroller’s offic declined to comment on the lien. “We thought we were having a back-and-forth dialogue about that” audit, said MiddleBrook spokeswoman Faith who said finance officialswere “extremely surprised” when they receivecd notice of the lien.
She said the compang has paid the amount in full and is waiting for the lien tobe “I definitely don’t want to disparagew former management, but we weren’t here when it happened,” she “Obviously, a mistake was made, and we’ve rectified MiddleBrook was formerly foundef and led by CEO Ed who left the company in the fall of last year afte r receiving a $100 million equity investment by Chicago-basef , which then brought in its own managemen team from a former Dallas portfolii company. Rudnic said he hadn’t heard abouft the lien.
“Not knowing the specifics of how they’re calculatingg things or what thecomplaint says, it’s impossible for me to commentr other than I know that we took thesd things quite seriously,” he said. “I know of no audita underway when Iwas CEO.” In the the state reported that $58,560 in taxesd needed to be paid, as well as $24,047 in interest at a rate of 1.08 percent per The judgment also called for $5,87 1 in penalty fines. In the firsty three months of this year, MiddleBrooko (NASDAQ: MBRK) made nearly $9 million in sales, some from its first-ever in-house drug, the once-a-day Moxatag for strepo throat.
Approved in Januar 2008 and launched threemonths ago, Moxatag had scorecd 3,000 prescriptions by late April, and Pomeroy-Ward said prescriptionz had been mounting at an average rate of 1,000 each MiddleBrook, which has deployed a 300-person saleas team and managers to sell the drug to 40,000 primargy care doctors and 16,50 0 pharmacies, said it expects to garner $40 million in total product sales, mostly in the fourth quarter for Moxatag. The companyt has kept roughly 25 employeez in its former Germantown headquarters on SenecaMeadowxs Parkway.

Monday, December 3, 2012

AMC Entertainment sets deadline on debt buyback - Business First of Buffalo:

olimstgon.blogspot.com
In a filing with the Securities and Exchange theKansas City-based movie theatere company said that holders of $238.1 million of the note s had agreed to proposed amendmente in AMC’s offer. The proposed amendments will eliminatew almost all the restrictive covenants on the AMC a previously announced private offerinbto $600 million in seniot notes due in 2019 and that it expectee net proceeds of about $568.1 AMC previously said it would use the proceeds to buy the company’sw outstanding $250 million in senior notes due in and for other general corporate purposes. On May 22, AMC , comparee with a $43.4 million profitg the prior year. Revenue for the year that endef April 2was $2.
27 billion, down 2.9 percenf from $2.33 billion the prior AMC owns interests in 307 theaters with 4,612 screens in five The company is privately held but required to reportf to the SEC because some of its debt is publicly held.

Saturday, December 1, 2012

Canadian minister to tour Port Coquitlam mosque - The Tri-City News

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Canadian minister to tour Port Coquitlam mosque

The Tri-City News


Saad Bahr, the president of the Islamic Society of BC, which operates the Masjid Al-Hidayah and Islamic Cultural Centre, said Citizenship, Immigration and Multiculturalism Minister Jason Kenney will tour the Port Coquitlam mosque today, Saturday.