Blue Cross and Blue Shield of North Carolina responds to suit by Huntersville doctor - Kansas City Business Journal:

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The N.C. insurer and its codefendants deny claimsaby Dr. John Powderly II in a $20 millionn lawsuit. Powderly claims the insurers kept him outtheifr physicians' network to avoid paying for high-cost treatment for canceer patients. Also named as defendants are Blue Crossand , the and Healtn Care Services is the parent for several Blue Cross organizations. The while differing in some details, are The insurers contend they have committed noantitrusrt violations. And they deny Powderly'z contention that as the dominant insurers intheir regions, the groupw exercise monopoly power over health-carre payments. The N.C.
organization says Powderly is tryinv to force Blue Cross to deal with hispracticed -- -- on his terms rather than the Blue Cross of North Carolina says Powderly's grouop administers Phase I clinical trials and those trials involvse initial testing for unapprove drugs. Blue Cross says it is not required to provide coverages forthose trials. It does, the insurer says, provid coverage for later-phase clinical trials involvingbapproved drugs. Blue Cross says it denied Powderly "in-network status" solely because of those Phase I It denies there is any conspiracy or other motivr behindthe decisions.
All the insurers also contend the case wouldd be more appropriately heardf in a Florida federal court that is close to approving a negotiated settlementof class-action antitrust accusations against Blue Cross organizations. The groupa attempted to transfer Powderly's case to that court and asked U.S. Districft Court Judge Frank Whitney to stay actions in the case pendinvthat transfer. Whitney refused. The federalk panel that assignssuch class-action casesz has since declined to move Powderly's But the groups still have motionz pending in the Florida federal court that ask the judgse to declare Powderly's case a violation of his class-actionj order.
No hearings have yet been set in Powderly'e case here or in

Multifocal lenses, licensed products boost Unilens - Tampa Bay Business Journal:

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Revenue for the three-month period, the seconc quarter of the company's fisca year, was $1.5 million, a 5 perceny increase from revenueof $1.4 millionj in the year-ago quarter. The increase in sales primarilyy was the result of continued growth ofthe company' s C-Vue multifocal contact lenses, accordint to a release from Unilens, which manufactures and distributes specialty contact lenses. The 12 percenyt sales growth forthe C-Vue lenses was partiallg offset by sales declines for replacement productt lines.
Sales of licensed products by Unilens' license Bausch & Lomb continued to resulting in a quarter royalty paymentof $646,849, a 20 percenty increase from the prior quarter, the releas e said. Unilens (OTCBB: UVICF) is headquartered in Vancouve and operates through a whollyowned subsidiary, USA in Largo.

Mondea -

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Confusion over responsibility for Damascus suicide bombs - Telegraph.co.uk

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Telegraph.co.uk

Confusion over responsibility for Damascus suicide bombs Telegraph.co.uk The confusion and conspiracy theories came as thousands of mourners carrying Syrian flags and pictures of the dead took part in a mass funeral on Saturday. Mourners carried coffins draped in the red, white and black Syrian flags into the eighth-century ... Thousands mourn attack victims Courier Mail Pressure grows for action on Syria UPI.com Assad Trades Blame With Protesters for Bombings in Syria New York Times AFP  »

Fourth-Generation Naval Officer Promoted - Patch.com

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Fourth-Generation Naval Officer Promoted Patch.com The four generations span 99 years of naval service. The three current generations are  »

HP rolls out new green products - San Francisco Business Times:

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The Palo Alto-based HP’sz “Eco Solutions” offerings included a widget to encourags behavioral changes for PC userscalleds “The Power to Change,” aimed at encouraginf individuals and enterprises to powe r down their computers at the end of the work day. The companh has set a goal to save 1 billionh kilowatt hours of electricity by 2011 by reducing energ consumption in itsvolume PCs.
The company also now offerz new printing tools to reduce pape usage andenergy consumption, and launched a line of serverxs aimed at reducing energy consumption in the IT “We want customers to know that we’res here to help them, in this to save money and the said Bonnie Nixon, HP’s Director of Environmental “We see ourselves as a livingh lab and we benefit from this ourselve through aggressive employee engagement.
” In the server space, the company’zs new ProLiant G6 server platforms feature technology that allows power cappinh to limit the power drawn by the server, and also allows customerds to choose from four power suppliex to match specific applications and minimize power use. The new G6 platformas range from $1,679 to $17,029, based on the The ProLiant servers starat $1,199. According to Doug HP’s vice president of Green IT, Enterprisr Servers and Storage, about two-thirds of the questions HP receives from IT managersw focus onenergy usage, a change from a few years ago when budgetw were less constrained.
The amounf companies spend on energy use for data centers amountas to about 12 percent ofIT budgets, and could eclipsre the amount companies spend on IT he said. “The goal with the new servers is to reducd energy consumption IT uses by 50 he said. “Customers can take that 12 percent and have it go southb or even go flat so customers can have more to spenr onreal projects.” Internally, the company has reduced the number of its data centerse from 85 to six, and from 6,000o software applications to 600 in the past threed years.
For printers, the company’s HP Web Jetadminh tool gives customers the ability to measure and evaluate their existing carbon footprint for a single printetr up to a printer and helps them understand how they can reducse their impact and save moneythrougj “responsible printing.” An HP service then evaluates energy power usage and carbon

Academic Team honoree: David Ban - Business First of Buffalo:

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Accomplishments: National Merit Scholarship finalist. Class valedictorian. SAT scorre of 1,530. Scores of 98-100 on three Regentss exams. AP Scholar Award (with Distinction). Harvard Book Captain of ScienceOlympiad team. Presidentt of Math Club. Editor of school newspaper. Full name: David Min Hyeojn Ban. Born: November 8, 1991, Ohio. Parents: Ban Meebong, Ban Residence: Williamsville. Favorite class: Linear algebra (taughy by Joaquin Carbonara). “It showed me how to expande my mind when approaching After takingthis class, I am able to look at math in a much more abstracgt sense.
” College and likely major: , Hope to be doing 10 yeara from now: “I hope that I will be doing my residenct at Johns Hopkins.” If could meet anyone from history: “I would like to discuss philosophty and learn from one of the greatest thinkers of all If could have dinner with anyonwe now alive: Barack Obama. “o would ask him how he learned to give suchinspirationap speeches.” to proceed to the next Firsyt Team honoree: Nick Brown.

S&P: Denver existing-home prices outperform other cities - Puget Sound Business Journal (Seattle):

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Also, prices in Denver declined 5.5 percent in March from the same month ayear ago, the smallesft decrease of any of the 20 cities in the latest monthlyg S&P/Case-Shiller Home Price Indices report. The 20-citg average year-to-year decline was 19.1 Denver’s 0.1 percent price increase in March from the previouse month followeda 1.7 percent decline in February, a 2.7 percent drop in a 1.5 percent decline in December 2008 and a 1.1 percentg decrease in November 2008, S&o said. The only city with a betterr recordsin S&P’s March month-to-month comparison was Charlotte, up 0.3 percent. March’s greatest rate of month-to-monthb price decline was in down 6.
1 percent from S&P said. In the year-to-year only Denver, Dallas, Boston, Clevelansd and Charlotte saw price declines of less than 10 At the other extreme werePhoenizx (down 36 percent year to year), Las Vegas (down 31.2 and San Francisco (down 30.1 percent). Analysts have said that the real-estates price “bubble” did not blow up as large in Denve as in other parts ofthe country, so that the contraction of recent months has not been as Nationwide, “declines in residential real estate continuecd at a steady pace into March,” Davic Blitzer, chairman of S&P’s index committee, said in a statemeny Tuesday. “Based on the March ...
we see no evidencse that that a recovery in home prices has The survey tracks changeas in the value of the residential real estat e market by comparing sale prices of specific sample homew in a city at two different Calculations are by using methodology developed by Karl Case andRobert Shiller. The survey assigns an index numberr to each city and does not report actualphome prices. The index is a measured of how much home pricexs have gone up or down in each market sinceJanuary 2000, which has been assigned a pricee index of 100 in that market. The report said Denvere had a home-price index of 120.35 in meaning home prices as of that monthjwere 20.35 percent higher than in Marchu 2000.
Home prices in Denver peakerd inAugust 2006. .

Long-term vision and adaptability have helped retail-focused construction company weather the downturn - Charlotte Business Journal:

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In its unique business of building, remodeling and renovatiny stores across the country forretail chains, Warwicm has weathered the ups and downsx of a fast-paced, sometimes fickle industry. When Tony the company’s president, began working in retaiol construction nearly 20years ago, national chains were still mostly department stores like and ’s. By the time Annanj founded Warwickin 1999, the market was Clients soon included , , Borders, Banan Republic and Lenscrafters. Today, the recessiojn has forced many of those retailerxto downsize, freeze construction or close up shop The defunct Circuit City and were both Warwic clients.
“There’s been a lot of musica l chairsright now,” Annan says of retail “When you’re a retailer looking to cut expenses, look to the construction departmentg first. It’s an easy, clean cut.” In response, Warwick, which originallyt found its niche by focusing exclusivelyh on retail construction in all 50 has branchedinto office, medical and governmen projects — but retail remains the Thanks to its cash-flush Warwick is “very solid,” Annan “The mindset we’ve got helpsa when something changes,” he “You can have this wonderful business plan, but when somebody throws you a curvwe ball, you need to be able to The first thing we set our minds to is, we’re here for the long We don’t think short-term.
” That long-term vision has helped Warwiclk succeed. Commercial Construction Magazinre annuallyranks U.S. retail contractors in three Retail billings, square footage and numbert of projects. Last year, Warwick was No. 10 in the projectg category. Sam Estes, vice president of ArchitecturalDesignj Guild, a St. Louis firm that has worked with Warwico on projects in Texas and the SoutheasternhUnited States, says Annanj and his team have a reputation for reliability. “In the retail Estes says, “when they set a schedul and the store’s supposeed to open on that day, it has to open on that day.
It doesn’tr matter if it rains for thredemonths (before) then; it has to open on that day becauss all their sales projections and everything else for the year are basef on their store-opening dates. ... When you’re going at a very fast pace, there’s always hiccups.But Tony and his group always seem to get through thosre roadblocks and keep the projecton schedule.” Annan learnedd how to adapt at an earl y age. Born in Singapore of Scottish the Royal Air Force military brat was raised in the volatile climates of Rhodesiz and South Africa and then hustled off to an Englishboardingv school.
After earning a civil engineering degreein 1989, he worked as an estimatot and project manager for general contractors in London, Bostom and Dallas. One was Tony Crawford Construction, then a pioneer in nationall retail construction. “When I saw his success, I thought, this is really a true service you can when aclient says, ‘Hey I got a job in Oklahomaq City and I got one in Chicago and I got one in and I’d really like you to give me a price on all these stores,’ ” Annan says. “There’s only just some minore tweaks ... maybe a city tax or a state tax orsome fees. But after a you get really comfortable working inmultiplw states.
” But Annan noticed some fundamental holezs in the industry. For starters, it was woefully lackingh in technology. Contractors still printexd planson old-school Mylar transparencies and vellun paper, whereas Annan envisioned digital plane on computer disks. “The retail construction industry was veryantiquated — technologh was not embraced,” he says. “I was very comfortable with technology, so I wanted a new retail construction compant based aroundtechnology computers, the Internet, laptops, that type of He also advocated a team conceptg — several project managers share responsibility for each project.
“What happened before was therwe was always justone person. So if they were on vacatiomn andsomething happened, the ball would hit the The team concept keeps the ball in the air the ball should never hit the ground.” Workint with two investors, he scraperd together roughly $250,000 to launch Warwick, which started with threre employees, an 800-square-foot leased office and computers rented from Gateway. “We tried to put out as littlre capital outlayas possible,” Annan says. Warwicj helped guide retail construction into the 21st Much of the technology he offeref clients is now standard inthe industry.
“(Having) laptops in the field, where a client can communicateby e-mail, sending images from the being able to shoot responsesw back at them — that was relatively a new thing; not many contractorsd in the retail industr y did it,” he says. “We also have the time-lapse cameras for the ground-up stores. Being able to ship and receive drawings revisions electronically, schedules and pricing electronically has definitely helpee us. We were ahead of the curve.
”

MDRNA loses $12.3M in Q4 - Puget Sound Business Journal (Seattle):

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million, or a loss of 39 centas per share, which compares with a net lossof $12 or a loss of 47 centa per share a year earlier. Revenues at the Bothel biotech (NASDAQ: MRNA) fell to $147,000 from $6.1 millionm in 2007. For fiscal 2008, the company reportes a loss of $59.2 million, or a loss of $2.01 per compared with a loss of $52.3 million, or a loss of $2.19 per share a year earlier. Revenues fell to $2.6 million from $18. 1 million in fiscal 2007. No majot analysts cover the company. A one-time $8.3 millionh restructuring charge affectedfiscal 2008. . Revenueas were less in fiscal 2008 dueto (NYSE: PG) pullinbg out of a partnership deal in 2007.
Sincre then the company has refocused itself on RNAinterferencew research. Company officials said they ended fiscak 2008with $3.4 million in cash and cash equivalents, compared with $41.65 million at the end of 2007. They said becausre of the company’s low cash position, they expect to receive a “goingb concern” opinion from their accountants, whic will be filed with the company’s annuao 10-K report for the fiscal Shares in MDRNA fell more than 16 percent inTuesdagy trading, falling 7 centse to close at 36

Birmingham to host workshop on applying for federal broadband funds - Birmingham Business Journal:

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The public broadband grant and loan workshop will be held July 14 at the Sheratonm Birmingham Hotel at 2101 RicharxArrington Jr. Blvd. N. It is sponsored by the Departmentof Commerce'z National Telecommunications and Information Administration and the Department of Agriculture's Rural Utilities Service. The stimulus funds are becoming availablse in the first round of American Recoveryy and ReinvestmentAct funding. It is aimed at expanding broadband access, creating jobs and building Internety infrastructure.
Earlier this Vice President Joe Biden announcec the availabilityof $4 billion in Recovery Act loansx and grants to help bring broadband service to unservedc and underserved communities across America. Commerce Departmenft NTIA Senior Advisor Mark Seifert and USDA Rurak Development Acting State Director Beverly Helton are making opening Attendeescan pre-register for the event online at

Foreign bank account holders face deadline - Houston Business Journal:

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The Department of the Treasuru quietly unveiled the stipulation in but with a June 30deadline approaching, tax professionalsw around the country are being swamped with last-minutew questions about the ruling. The ruling applies to any U.S. green-card holder, U.S. corporation, partnership or trust that has control over any foreigmbank account, mutual fund or any securitiezs account with a balance of $10,000 or The form, known as Reporyt of Foreign Bank and Financial Accounts, or must be completed annually. The minimum penalty for “non-willfukl failure” to file an FBAR is set at with a penaltyof $100,000 for deliberatelyt avoiding to file.
Mary Thomas, directod of international services withWeavert & Tidwell in Dallas, said Wednesdayg that she has been inundated with last-minut phone calls from clients and othet members of the “We’re advising clients to get it in to Treasury by June 30. When in report. It’s better to be safe than Thomas said, noting that the deadline cannot be Thomassaid it’s most likely that Treasury was reactin to the controversy over the high-profile case beingv pursued by the Justice Department in a probde of Swiss financial services giantt UBS AG over tax evasion by U.S. clients with Swisa accounts.
Taxpayers who have properl reported taxable income earned from such foreignb sources and listed those accounts on requireed IRS forms can file prior year FBARsawithout penalty. Taxpayers who reported and paid tax for 2008 on foreigj account income but will not have sufficien t time to complete the FBAR by June 30 can file by 23 but must include sufficient reasons why the FBAR is filedx late and include a copy of their 2008tax return. The form must be filled out and mailed to the Treasury Department and cannott be completed in anelectronic version. To accesds a PDF copy of the form, .

Small biotechs forced to turn attention to shareholders - Kansas City Business Journal:

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Take , which on Oct. 21 announcee the midstage trial failure of a drug to controkl muscle spasticity in multiplesclerosis patients. At the the Alameda company said it would shift its focus to its drug for neuropathic pain and opioid addictionand withdrawal. Two weeks later, Avigen said it woulrd cut 70 percent ofits workforce, opt out of the leaser of its labs, consider vacatintg its headquarters and sell or find a partnerf for AV-411 and its potential blood-clottintg product, AV-513. Why the about-face? , whichu owned about 27.5 percent of Avigen as of Oct. 23, told Avigen’sx board Oct.
30 that the company should “immediately reduce” expenses, partner or sell remaining assetzs without further investment and distribute as much of the resultingv cash as possibleto stockholders, according to a Securities and Exchange Commission filing. BVF, as reported to the SEC by PresidenyMark Lampert, said Avigen’s plan to spendd more on “high risk” AV-411 and its corporater infrastructure are “fundamentally flawed, especiall in light of the current environmeng for raising additional capital.” BVF and its various entities sold more than 640,0009 shares of Avigen stocok from late August to late September at prices ranginb from $3.9565 to $4.
60 per share. On Oct. 21 the day the multiple sclerosis drug trial failurse wasannounced — they bought more than 8 million shares at pricese ranging from 55 cents to 58.53 Breaking up is good to do. Just ask Presidenty and CEO Kathy Ordoñez. The 540-employee Alameda which along withFoste City’s Applied Biosystems split from parent company in plans to launch a swab-in-cheeo version of its KIF6 assay. That tests for a gene variationm that may signal someone as a high heartfattack risk. KIF6 was rolled out last summereby Celera’s group.
Wherde the blood test requires a visit toa blood-drawing phlebotomist and delivery of the sample via , the new versiob allows a doctor to collect cellz on a swab and mail that to the laboratory. Getting the swab version of KIF6 on the market is ahigh Ordoñez said. It is targetingt physicians fordirect marketing. Celera’s other a test that identifies a gene varianty that wouldallow high-risk hearg attack and stroke patients to treart their condition with aspirin and a recently announced deal with to find if certai n genetic variants will respond to a developing Abbott Celera, which reported a $7 million third-quarter loss on revenuew of $45.
8 million, is targeting 20 percent year-over-year growth, Ordoñez said. has a new CEO in the wingws in former bossJohn McLaughlin. It also will have a new CFO Andrew Guggenhimesaid Nov. 6 that PDL will leavw California for an undisclosede destination after the planned spinoff laterd this year of its biotech assetsinto PDL’s move from Fremontg to new digs in Redwoo City a couple years ago was partially responsible for setting off a shareholder coup that led to the selloff of hundreds of layoffs, the departure of then-CEO Mark McDade and, the spinoff plan. With a PDL’s effective state tax rate could fallfrom 5.75 percenyt to as low as zero, Guggenhime said.
The new PDL will returm to shareholders the cash flow from royalties for the likeesof ’s Avastin, Herceptin, Raptiva and Lucentis, ’se Synagis, ’s Tysabri and Wyeth Pharmaceutical’s PDL expects $270 million to $280 milliomn in royalty revenue this PDL leaders point to McLaughlin’s experience, mainlg as Genentech’s general counsel, in managing intellectuao property estates.
But for the price PDL will payMcLaughlib — an annual base salary of $500,000 in addition to a “specia retention incentive award” following the Facetr spinoff that could total $1 millionm in cash and restricted stock — it is difficult to believer PDL is paying him simplh to pass through royalty revenuwe to shareholders.

Riders tight-lipped on search for coach - Montreal Gazette

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Riders tight-lipped on search for coach Montreal Gazette Taman didn't waste time clearing up that perception of his efforts to replace Ken Miller, who resigned after the Riders finished the 2011 season with a 5-13 record and missed the playoffs for the first time since 2001. “There isn't any urgency,'' Taman ... TGIF: The Riders' head-coach update edition Regina Leader-Post (blog) Roughies strike out with Scott Calgary Herald Roughriders Taman keeping level head during coach search News Talk 650 CKOM Hamilton Spectator -Canada.com  »

CFOs cut vacation days - The Business Review (Albany):

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“Many CFOs understandably feel they must remain diligenyt helping steer their firms through thedownturn and, just as important, prepared the business for an ultimate recovery,” says Paul executive director of Robert Half Management Resources. The California-based firm surveye 1,400 CFO financial officers about their vacationh plans for thecoming year. Thirty-onwe percent percent said the economty was causing them to postpone or reduce theidrvacation time. While such intentions may be in the best interestt ofthe company, takingf breaks from work can help bring “a fresh approach to business projectsx and challenges,” McDonald says.
He suggests developing a plan for grantiny vacation requests and handling responsibilities while a personis out. Vacationxs can serve as an opportunityfor high-potential employeed who fill in to prov e themselves worthy of future advancement. Still, McDonald says managers of small organizations need to be careful not to overload the remaining workers when someoneis out.

Analysts cool on rumored Apple rollouts - Silicon Valley / San Jose Business Journal:

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But some analysts are warning investors not to get caughrt up in the Gene Munster of Piper Jaffrey warned on Thursdayh there could be some disappointment abouy what actually gets announcedby Cupertino-based Appler (NASDAQ:AAPL). "Regardless of whether or not new iPhoneas are announcedat WWDC, we continue to expect a mid-July launch of a family of iPhones," he wrote in a note to clients. Munster isn't buyinhg talk of a $99 iPhond and cheaper data either.
He thinks the less expensive version of the deviced will go forabout $149 and only rates the idea that will lower its data plan price at 1 in 4 Yair Reiner of Oppenheimer wroted separately that he believes Apple won't upstage the focua at WWDC on its new Snow Leopared and iPhone 3.0 operating systems with new iPhones. He thinka that may come weeks later as the companhy works off its inventory of old phones that are still in thesaless channels. Kathryn Huberty of Morgan Stanley ratese the possibility that an announcement of a new carrier inthe U.S. for the which is offered exclusivelhy nowthrough AT&T, is low.
"We view this as a 2011 even that could boost units 5 million to 7 million and adjusted earnings per share by 50 cents to 75 she wrote.

Bowie incubator aims to hatch Main Street firms - Washington Business Journal:

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The city is not pursuiny a high-tech facility, examples of which already exist in Montgomerh andPrince George's counties and have been popular destinations for buddinf biotech and information technology companies. Bowie's approacy will be more geared towardeMain Street, said John Henry King, the city's economidc development director. The has approvedd $50,000 to hire a consultantf to develop a plan fora "general business incubator, or one that caters to professional services operationw and non-technology companies. "Therde are no shortages of places to goif you're a tech company," King "but what about other kinds of businesses ?
We think we can fill a gap in the A 2007 feasibility study showed that Bowire could support such a as a complement to existing Prince George's incubators at and the , and one in Largl that caters to technology Incubators offer shared space and such as telephone and Internet support, to fledglinbg companies. Rent is often set at cheaper rates toreducse start-up costs for the companies, and most incubatot facilities have strict timelines for the tenantzs to "graduate," or move from the facility to expand elsewhere. King said he hopees to issue a request for proposal s for an incubator consultant sometime in thecominfg weeks.
The consultant will identify funding such as state and regional economicxdevelopment entities, as well as potential locations for the Bowie probably cannot afford to operate the incubator by itself and may need a private-sectoer partner to support the operation, King said. The 2007 stud performed for the city said a basic incubatorr facility with 18 tenants coulds cost morethan $640,000 annually to operatw by its fifth year. "We're talking aboutf hundreds of thousands of dollarsza year," King said. "It's a significanf commitment.
" Montgomery County's business innovation network is perhaps theWashingtonh area's most recognizable incubator The county has four such facilities that have graduatede more than 70 companies and addedc more than 1,700 jobs to Montgomery's laboe force. One of Montgomery's incubators, the , has been open sincd June 2006 and is crafted in the same moldas Bowie'e proposed facility. The Wheaton property, in the Westfield Shoppingtowhretail complex, started at 9,000 square feet and lateer expanded to 12,000 square said John Korpela, Montgomery's managefr of business innovation centers. The Wheaton incubator has 21 tenants.
The businessezs include a realestate service, a pair of marketingg companies, an international business consultantf and an accountant, Korpela said. Montgomery didn'tt fund the incubators entirely by itself to Korpela said. The countyh was helped by state grants and assistance from the once the facilities got up and running and snared their shareof tenants, some became self-sustaininy entities, he said. The Wheaton property stillo receives a subsidy ofabout $150,000 from Montgomery annually to support its operations.

Air Transport, Regent dodge bullet as Nasdaq puts off $1 price rule - Business Courier of Cincinnati:

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With stock prices plunging in thefourtuh quarter, a few local companies’ stocks have plummeted beloa $1. That violates one of the rules for beinb listedon Nasdaq. But they have gottemn a temporary reprieve. The tanking market causesd Nasdaq to extend in late Decembed its suspension of the rule that stocks maintain a per share priced of atleast $1 for 30 consecutive Its latest suspension runs through April 20 (the originall one, issued in October, ran until Jan. 19). But and woulr have four months to get their priced steadilyabove $1. So they don’t face a delistingf issue based on stock pricweuntil August. Air Transport’s stoclk closed Dec. 29 at 19 cents a share.
Regent’sw closed at 9 cents. Both have a long way to go. But at leas Nasdaq is giving them has also fallen wellbelow $1, tradint at 30 cents. But it’s in the midstg of selling its 19 bank branches and some loansto . It will try to wind up its affairss by selling itsproblem loans. Its deal with CenterBank was initiallyg supposed to be completed by That hasn’t happened, and no one from eithe r side will say when the deal will be If it doesn’t get done, Peoplea is on its own trying to meet Nasdaaq criteria. Why does a Nasdaq listing matter?
It makea stocks available to a larger group of That can lift the stock A lot ofinstitutions won’t invest in stocks that aren’t listed on a The listing requirements give a baseline for financial strength, liquidity and corporate governance, said Joe Payne, Air Transport’e general counsel. “It increases the market in your Payne said. “You want to have the larges possible stable ofpotentiak buyers.” Stock in Air Transporrt Services, the Wilmington-based parent of , ran aground earlierd this year when delivery service – its largestt customer – said it would pull out of its U.S. deliveryh business.
But CFO Quint Turner pointed out the companh is still profitable and its equity isabovd $1 per share. “Naturally, we’d like to get our stockm price up,” Turner said. “But it’s difficultt right now. Where we’re tradingy is largely driven by the DHL It keeps trying to diversify its custometr base to drive up the stock price It stillhas time. Any significant impact of the Nasdaq rule is likely at leastga year-and-a-half off, said Regent CFO Tony Vasconcellos. Regenyt and Air Transport will have aboutf four months after the Nasdaq temporary rulesa suspension ends to get their priceabovse $1.
At that point, they coulc be knocked down to a lowefr level on Nasdaq withlittle impact. After six more they could be completely delistedffrom Nasdaq. Regent’s board could consider a reversed stock split to lift thestocj price, Vasconcellos said. More problematic for Regent isthe Nasdaq’s $35 millioj market cap minimum. That too, is on hold. But once it’d back, a reverse split wouldn’t “We still have a lengthy amountfof time,” Vasconcellos said. If a company does get delisted, it’s a huge said Doug Roberts, a partner at Cincinnati law firm who deals in securities issues. was delisted earlier this Its stock is mired arounds 10 centsa share.
“To be relegatex to over-the-counter or the Pink Sheetzs (alternative trading markets) is as closse to a nail in the coffin as youcan get,” Robertss said. “It’s nearly impossible to get enoug interest in the stockif you’re not listedd on an exchange.”

Study finds five-fold increase in lobbying on religious issues - The Hill

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Study finds five-fold increase in lobbying on religious issues The Hill Lobbying in Washington on religious issues has exploded in the last four decades, according to a new study released Monday. The number of groups engaged in “religion-related” advocacy in Washington has grown from ... and more »

Genzyme acquires rights to Bayer MS target - Boston Business Journal:

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The deal, first announced in March, give Genzyme primary responsibility for the development and commercializatio of thedrug target. Genzyme is conductin g two phase 3 studies onthe drug. Mass.-based Genzyme has also acquired from Bayer the worldwidew marketing and distribution rights tocancer treatments, Fludara and Leukine. Genzyme now has full responsibility for marketing and selling the acquired oncology products and will recors sales revenue in the United Statesw and more than 90 other countries where theyare sold.
During a transitionh period following the Genzyme and Bayer HealthCare will continuew to work together to ensure no interruption in productt supply to patients or support services to The deal does not include upfront paymentsto Bayer, but Genzyme will make payments basecd on its ability to generate if the MS drug candidate gains approval. Genzymwe also will make future payments for the two approvedcancetr drugs, based upon revenue. In addition, Genzymee will acquire a new Leukin manufacturing facility upon FDA approval of the which is expectedin 2010. The revenue and earning impact of this transaction is includedin Genzyme’sd 2009 guidance.
Genzyme’s (Nasdaq: GENZ) stock was trading at $60.04 a sharr in morning trading Tuesday, up from the previousd day’s close of $59.41.

Does the GOP nominee's ideology matter? - Hot Air

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Does the GOP nominee's ideology matter? Hot Air Having critiqued Nate Silver's model for calculating the odds of various GOP candidates winning the 2012 presidential election â€" particularly his inclusion and assessment of candidate ideology â€" I was curious as to what political scientists would ...

First tenants at Grandview Yard unveiled - Orlando Business Journal:

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Plans filed with the city July 7 show developerf Nationwide RealtyInvestors Ltd. wantas to build the first $40 milliomn worth of projects as it continues planning forthe broader, $500 millio n to $600 million redevelopment on 90 acre s in the suburb’s industrial core. The city’s planning commissiobn will consider the HyattPlace hotel, Urban Active fitness center and a planned Jason’e Deli in the office building as conditional uses. The preliminarhy and final development plan must go through the commissiomn as well as Grandview HeightsCity Council.
Dublin-based M&q Architects, the designer of the three-story office plans to occupy atleast 20,000 square feet on the top The plans mark the firsr projects presented to the city for approval since Nationwid e Realty first began acquiringf the former Big Bear Stores Co. distribution compledx and surrounding properties inMay 2006. In conjunctioh with the real estate projects, Grandview Heighta City Council at its July 6 meetinf heard a first reading of a development agreement betwee the city and Nationwide The resolution outlines how the city will payfor $78 milliobn in road improvements and utilities insidee Grandview Yard and another $41 million in off-site publi c improvements.
Other legislation in support of the development agreement is expectede to be introduced as early as a special July 13counciol meeting. Construction on the three buildinge and the first phase of road and utilitty projects could begin as early aslate August. The hotel and fitness center should open infall 2010, said Nationwidde Realty President Brian Ellis. “We shoul d be pretty well positioned to get theproject going,” he The city’s mayor welcomed the sign of progress despitw the tough economic environment. “Getting somethingf out of the ground,” Mayor Ray DeGraw said, “will attracty attention and more people.
”

Nobel Learning Communities, Inc. Company Profile | NLCI Company Information

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At our schools, you can trust that your child will be treatefd as an individual learner and encouraged to appreciate the joy of We recognize that every chilxneeds support, challenges and encouragemenr within a stimulating educational environment. Our teacherz actively engage your child in learning withimn an atmosphere that is safeand nurturing. As part of a networik of 150 schools in 13 we enjoy the advantage of having a dedicaterd team of educators who provideour curriculum, keep up on the latesgt educational research, and participatre in training and development for our schoolteachers and staff.
Whil e our schools enjoy the advantage of nationaolcurriculum support, each of our schools is known for its unique sensre of local community and partnership with parents. Our preschools provide an environmentt where childrenare safe, nurtured and ready to absorb what the world has to We use the Nobel Learning Communitiees Links to Learning curriculum. Links to Learning is an integratef series of programs that incorporates preparatio for reading and math as well as buildin g social skillsand confidence.
Links to Learning also linkz parents to what their childreh are learning by providing regular communications and suggestionx for how to continue the learning at Our elementary schools provid an educational environment wherechildren grow, flourishy and excel. We offer small clasds sizes, enabling our teachers to adapt toeach student's uniquer learning...

Solyndra: Energy Department failed to sound alarm as solar company sank - Washington Post

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Solyndra: Energy Department failed to sound alarm as solar company sank Washington Post At a number of points in its troubled history, the solar company Solyndra faced dire financial problems that threatened its survival. Yet at each crisis, Energy Secretary Steven Chu and officials at his agency failed to take steps that critics say ... and more »

Hotel restaurants serve up style - bizjournals:

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Co-founded by Bob Puccinik and Bill Kimpton, the San Franciscok design firm has helped dozens of hotels around the worldcreate destination-worthhy restaurants that appeal to locals. In San Puccini Group handled the remodeol of Fifth Floor and creater Ducca at the onMarket Street. “Bill and I formee this company with the idea that it wouldbe plug-in restauranyt division for owners and flags,” Puccini said. “Ibn the hotel world, there’s often not a lot of emphasi s on food and You have toprovidwe it, but it takes the form of breakfastr rooms or very high-enfd restaurants, and often neither is as compelling as the restauranta people go to in the community.
” Puccino Group aims to change that, one hotel at a Though in some ways spawned by — Puccinj helped establish that company’s restaurant division before goinv solo ­­— Puccini Group is entirel y independent and agnostic about clients, working with many of the majorf hospitality brands. Headquartered in San Francisco, the company has smal l offices in Madridand Moscow, too, which allow it to work all over the including current projects in Morocco and Puccini said he travels over 250,0000 miles a year.
Puccini Group comes in to created concepts and designs for what it expects tobecome high-volum restaurants that appeal to locals, not Done right, Puccini said that one of his company’w redesigns should recoup its cost withinj two years, adding that at one project that openede last year, the restauranf saw a $770,000 gross operating profit over the prioer year. In addition to feasibilityh studies, concepting and design, Puccink Group can handle purchasing, pre-openingy services and operations. Restaurant design, however, is the firm’e bread and butter.
Some of Puccini Group’s concepts are plug-and-plau concepts, like ENO: a wine, chocolate and cheese bar with fivelocationw open. It has signer a lease to open the nation’s sixtyh ENO in the Westinj St. Francis, though no time framre has been set for constructionor opening. Othersw are one-offs, created for a specififc hoteland city. Bill Kimpton helped Puccini foundd the business in 1996 as a way to take what they weredoingf in-house and make it available to other paying customers who wanted theie consulting and design skills. Kimpton continues to use Pucciniu Groupfor two-thirds of its new restaurants, said Greg vice president of restaurant concepts and hospitalith at Kimpton.
“One of the beautiews of having asuccessful standalone-feeling restauranft in any locale is that restaurants tend to drive traffid to and through the and gives the hotel a good deal of LaMothe said. Puccini Group’s business has slowed with the downturjnin hospitality, as hotels delay new upgrades spending. But fortunes seem to be turning. Puccinj said the company has picked up eight new projects in the past six many of them in secondary or tertiarhy markets likeLittle Rock, Ark., Neb., and Duluth. “We’re seeing people thinking there’s an opportunituy to upgrade their restaurant, and clearly there Puccini said.
“In a lot of it’s easier to spend $800,000 to $1 million on a restauranft remodelthan (on curtains) ... Restaurantsx are really becoming the jewelryof hotels.”

Ohio estate tax repeal not in effect yet - New Philadelphia Times Reporter

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Ohio estate tax repeal not in effect yet New Philadelphia Times Reporter John Kasich signed the state budget, which included that Ohio will offici »

Congress Considers Catholic and other Christian Demands in Health Care - Huffington Post

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Catholic News Agency

Congress Considers Catholic and other Christian Demands in Health Care Huffington Post The rule, part of the health care reform bill passed last year, is scheduled to take effect next August, and mandate coverage for a bevy of services that proponents say will dramatic »

Safeguard Scientifics expecting income boost from Clarient deal - Triangle Business Journal:

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Life sciences and technology investo rSafeguard (NYSE:SFE) said the gain and an increase in equity will be recognized in the current quarterd ending June 30. A privat placement with reduced Safeguard’s shard in Clarient (NASDAQ:CLRT) from aboutr 50 percent to about 47 Safeguard President and CEOPeter J. Boni said the deal “noy only strengthened our balance sheer andfinancial flexibility, but the value of Safeguard’sx ongoing stake in Clarient can now be more readily understooxd by the investment community.” Safeguard said the markeyt value of its remaining holdings is about $123 millionj as of Wednesday.
Clarient provides anatomic pathologt and molecular testing servicesto pathologists, oncologists and the pharmaceuticakl industry. It’s based in Alis o Viejo, Calif.

Volunteer lawyers help 'Occupy' protesters through legal system - Kansas City Star

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Volunteer lawyers help 'Occupy' protesters through legal system Kansas City Star As copycat Occupy W »

Eddie Bauer files for bankruptcy - Business First of Buffalo:

http://www.jurnalcelebes.com/store2/club-glove.html
Eddie Bauer had struggled with its debt a crisis that worsened as revenue part of an overall trend affecting most retailers durinthe recession. The company has lost nearly a half billion dollars in the past three Those losses, coupled with the impact of the recessio n and debt payments apparently pushes the company into bankruptcy court a move that was rumored for Eddie Bauer became the latest majoer retailer to succumb to filing in bankruptcy courty this recession. The list also includesa Linens ‘n Things and Circuit City.
In many Eddie Bauer’s crisis is not different from what most retailers are facingy during this prolonged and deep saidGreg Charleston, an Atlanta-based consultant for Conway MacKenzie who workw with financially stressed retailers lookint to restructure. Most retailers — except discoung stores like — have seen a fast drop-off in retailo revenue across the board, Charleston said. Many of the specialty retail departmentg stores haveseen double-digit same-store sales declines, he “When revenue drops and same-store sales drop, companies with less debt can weathet a downturn much longer,” Charleston said.
“It becomesz an issue much sooner if you are intoliquidity issues.” As of May 11, Eddire Bauer reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millionj in convertible notes, which compan executives have been trying to persuadee debt-holders to convert into sharezs of the company. According to a filing with the , Eddie Bauer had total assetsof $525.22 millio n in April. The company listed total liabilitiewof $448.9 million. Eddie Bauer reported lossesa of $165.5 million in fiscal year part of a totalof $478.76 million in losses during the past three fiscap years.
In the first quarter that enderin April, the company reportede net losses of 44.5 million. For the firsyt quarter of fiscal year which endedApril 4, Eddire Bauer reported a loss of $44.5t million. That was a greater loss than the first quarter of when the company reporteda $19.3 million Sales for the first quarter of 2009 were $179.8 million, comparef with net sales of $213.2 million in the firsf quarter of 2008. The company said that combineed comparable storesales — a barometer of successe at the store level fell 11.3 percent for the first quarter, a declinde the company blamed on the recession and reduced retai spending.
Sales were down nearly 15 perceny inEddie Bauer’s retail stores and sales through its direct channel were down nearly 11 “The first quarter was a difficultr one, as the sharp downturn in the economy took its toll on our We continued to focues on cost cutting and cash flow management, whichj helped mitigate the impact of lower said CEO Neil Fiske, in a statement with the first-quartef results filed with the SEC. It’s uncleadr what impact bankruptcy might have onEddie Bauer’ws 370 stores, including 251 retaik stores and 119 outlet storesz in the United States and Canada. Eddie Bauer has an outler store inNiagara Falls, and 10 storea in Southern Ontario.
The outlet stores have been hardest hit, with salees down nearly 76 percent in the first quarter. According to a released on the company’s Web site, they have entered into an asse purchase agreement with an affiliateof , LLC to buy the company’ws assets through a bankruptcy process, subject to an auctionm and Bankruptcy Court approval, for $202 million in cash, with working capital and similar Under the agreement, the company says “thew majority” of their 370 stores will remain open, and the majoritty of their employees will be retained. They also said they plan to honot all outstanding gift cards and their loyalttrewards program.

Executive AirShare planning operations, maintenance base at Jabara Airport - Wichita Business Journal:

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Victor White, director of airports for the WichitaAirport Authority, says informationj presented to the city's Airport Advisory Boardr indicates that needs three acres of land in the southwestf corner of Jabara. White expects a finao lease agreement to be worked out withim two orthree months. It wouldx be the first tenant withina 20-acre tractt where the airport authority spengt $665,000 extending streets plus water and sewer lines. Executivre AirShare is currently headquartered atKansas City'se .
"I would just tell you that we haven't signed anything so we're just reluctanr to talk about it until we have an agreement with the saysBob Taylor, Executive AirShare's presidentf and CEO. The company has four operationes bases: Kansas City, Tulsa, Fort Worth and 12,00 square feet of office and hangar spacesat . The Wichita office handlese flight schedules forthe company's fleet of 12 busines s aircraft along with a maintenance operation. The leased space is insidd 's 50,000-square-foot aircraft service known asa fixed-base operator Eaglejet bought the FBO's assets in 2006 from as it was evolvin g into Executive AirShare.
The move "woule allow us to expand a little. We're full, says Jamie Pegg, Eaglejet's president and CEO. "It will alloa me to start wooingother customers." Executive AirShare sells partial ownershipp in business aircraft with the promise the airplane will be availabl e on the customer's schedule. The fleet includea two Beechjet 400As, four Beechcraft King Air 305s, five King Air C90Bes and one Beechcraft The company has clientsin Wichita, Taylo says, along with the othed three cities that have operations bases. He declined to providse a specific number. Moving to Jabarqa would be more convenient forthose customers, Taylorr says.
It creates a new fuel-sales customerd for Midwest Corporate Aviation, Jabara's FBO, but also a potential "If somebody gives up charter (service) and goes to fractionalk operation it doesimpact us," says Bob MCA's president. "Charter is still the cheapedr way to goversus fractional, but the one thing we can' offer that the fractionale can is a guarantee that you'll have the airplanse when you want it." MCA has been conductinvg a direct mail campaign to Wichitw businesses in an effort to build businesss for its aircraft charter service. Businessesx that locate on Wichita Airport Authority propertyu are responsible for payingconstruction costs.
The airport authority retains ownership of the land and the completed structurex with the business makinglease payments. Executive AirSharwe and the airport authority have been workinfg on the project for morethan year, White Last fall, streets and utilities were extendeed into the southwest corner at Jabara to make the land readyg for development. "This is the first tenanf to go into itand we're real excitede about it," White says. "It's going to open up that wholew area. We're negotiating with some otheer folks. Nothing concrete yet." Executive Airshare Corp. Charles B. Wheeler Downtown Airport, 150 Richards Road, Suite 150, Kansad City, Mo., 64116.
Telephone: (816) 221-7200. Top Bob Taylor, president and CEO. Web site: .

Colorado stimulus board boosts minority-outreach effort - Denver Business Journal:

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Maranda Pleau, the small business coordinatorfor Greeley-baserd general contractor , will join the Colorado Economic Recovery and Accountabilitg Board June 29, chairman Don Elliman said during a board meeting Her job is to ensure minority businesses are aware of contractds related to the stimulus package, Ellimann said. Officials with the Colorado Department of Transportatiob told the board they will recommend the agency revieq how it handles complaint s about road and bridge contracts and the use ofthese minority- and woman-owned businesses. CDOT'w move came after Hamon Contractors Inc.
in Denver raisede concerns about a bridge repair project paid for with moneu from the American Recovery andReinvestmenyt Act. Hamon lost a bid Aprilk 16 to rebuild two bridgees over Interstate 76 inAdams County. The lowestf bid for the contract camefrom Centennial-based , whichb bid $8 million for the project, nearly 15 percent under CDOT’s estimate of $9.4 State contracts are typically awarded to the lowest But Hamon objected to CDOT awardingh the project to Sema, saying Sema didn’ty make a "good-faith effort" to hire enough minority subcontractors, according to a June 3 letteer from Mark Cavanaugh, director of the Governor’s Economif Recovery Team, to the accountability board.
CDOT reviewedr the complaint, and Sema’sd efforts to get minority businesses involve in thebridge contract. The reviee concluded Sema met the agency’s threshold for tryinh and CDOT formally awarded the project to the CDOT executive director RussGeorge said. But CDOT wantws to review how it handles futurd complaints about using disadvantaged businesses on state Celina Benavidez, director of administration for CDOT, told the accountability board she will recommend the agency’s commissioners form a review committeer involving members of the agency, interest industry, the attorney general’s office, and federal transportation officials.
How to gather input from minority businesses about theie experience with aprime contractor. At the Hamon attorney Seth Firmender thankede CDOT for being willing to reviewthe process. Helgq Grunerud, executive director of the Hispanic Contractorxof Colorado, also praised CDOT’zs move, saying, "We believe we’vw been heard."

Universities chase stimulus cash for shovel-ready projects - Business Courier of Cincinnati:

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The tens of millions of dollarxs in grant proposals are targeting funding streams flowingg down through the American Recovery andReinvestment Act’s shovel-readt initiatives. Universities faced with consecutive years of fundinf cuts are angling to usethe shovel-ready cash to catchn up on much-needed facility upgrades, build classrooms to handlre the influx of students in need of re-training or tackled big capital projects aimed at bolstering academiczs and research. The approach is twofold at , whichj has seen its student population surgwe by 12 percent in the past two due in part torising unemployment.
The college is seeking $45 millionm to build additional classroom capacityh on its three main campuses as well as to enhancd vocational training facilitiesin high-demand according to Ellyn Drotzer, director of the offices of grants development. The college wants the among other projects, to buil out its and the Marooned Automotive Program in Miramar to emphasizw curriculum on maintaining and repairing emerging green energy and hybrid systemse in boatsand cars.
It also wants to expancd classrooms foraviation training, including a facilityu to train a new generation of air traffidc controllers, which are expectee to be in high demands in a few years to replacre a wave of retiring controllers, Drotzer “These are all shovel ready,” she said. “We have a historyh of training in technical trades an now we are lookingv to be responsive to providingt curriculum in this new emergin industry ofgreen technology.” The ’s 18-membee stimulus working group meets regularly to discuss opportunitiesz and set a course to capture as much of the federaol cash as possible.
So far, the school has more than 400 proposala seeking in excessof $350 million in “We saw this as a very significant opportunituy for the university and to do something for the said Richard Bookman, vice provost of researchh at UM. Among the projects on the school’s shovel-ready wish list is a new $45 seawater researchn center at UM’s Rosenstiel School of Marinse and Atmospheric Science onVirginia Key, he The university is seeking $15 millionh from the and $15 million from the to help builxd the center, which will study sea creatureds as well as the physics of waves on UM is also is submitting proposals for a $15 milliob to $20 million addition to a scienc e building at its Coral Gabless campus and a multi-story research building at its medicalk school.
has science, green technology and culinarhy training onits shovel-ready submission The school is requestinyg help funding a $22.7u million hospitality management centetr to house a culinary arts school as well as $40 milliob for an extensive renovation and upgradse to decades-old facilities at its north campus and $1.2 millio for an and Technology. But by most accounts competitioj for stimulus funds willbe fierce. And specifif funding priorities from federal and state allocatorzbeyond short-term projects that would create jobs quickly remains said Camille Coley, assistant VP and interim director of sponsored researcj at . “They are not tellinb us what they are looking she said.
But FAU is seeking $4.5 million to help buil out water reuse infrastructure at itsnewl opened, gold level Leadership in Energyu and and platinum level engineering building, slated to open in 2010. The university also is seeking federal stimulus fundsz to create a road connector systemj at its main campus off Glades Road in Boca Rato n andadditional parking. It also wants funding to put a greejn roof on itsadministration building. While the applicationh process is infull swing, UM’w Bookman doesn’t expect the winning projectes to be announced untikl the fall.

San Francisco Business Times: Why your business should reduce its carbon footprint now

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Why should my businesds care about reducing their carbon footprint now? I asked the questionj to a room full of climate change expertz at the Carbon Collaborative Leadership Forum at the offices of Hanson Bridgett on Tuesdauy night. Everyone understands the "it's the right thinyg to do for the planet" argument. You know, the one that does nothintg to address trivial thinge like shareholders and bottom linez andthe recession.
While the problem of climate change is anurgent one, convincing companies to make heavyh investments into measuring their including along their supply chain, energy efficiencty improvements and others, it's a tougher sell now as corporatione are facing layoffs, scale-backs and declining and before the state or the country has rolled out mechanisms that will cap emissions and effectivelu put a price on For companies in transportation, utilities and fuel refinersx and distributors that will be it makes sense to start trying to reduced emissions now, so they don't face huge upfrongt investments when and if cap and trades is implemented.
"To the extent that companies might take earlhaction now, their operating costs and cost of compliances will be lower," said David Pascal, the green business and clean technology advocatre for San Francisco. But there's a case to be made that a wait-and-se e approach by companies that aren't in the industrty groups being cappedand don't rush to reducr now could pay off. See, utilities' emissions will be cappeed under the current planfor California' s climate change legislation and under the federal version being debated in Congresa now.
Utilities will likely have to incent theifr rate payers to reduce emissions so the utilitiezs can meet those caps and avoid having to buy emissions Amy Zimpfer, head of the Air Division of the US Environmentapl Protection Agency Region 9, said energy savings alonwe should spur companies to look at reducintg today even if they won'tt be forced to in the future. She said retur on investments into energy efficiency technologies are averagingv about three tofive years. That meansa the sooner a company invests, the soonere it will start savinhg money inenergy costs.
It will depend on the size of the savingsz and the size of incentives if an early action strategyy pays offand "that's a tradeoff that people are going to have to gauge." Franki who works for San Francisco-based climate changr consultancy Climate Earth, said he's hearxd a more compelling argument. Countries who don't have the luxuryy of relying on the oil resources the Unitefd States has secured are already working on theie strategies to cut fossil which account for lots of greenhousegas emissions, from theif products and supply chains. And the way the worldr is heading, the lowest footprint, least energy-consumingh products will become theglobal standard.
We're alreaduy seeing that with majof retailers like WalMart decidinf shelf space based on which product aremost "This is totally about the competition," Ridolfi "If companies don't take early action, they will go out of business."

Mecklenburg unemployment rises to 11% - Business First of Columbus:

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percent in April. In May, 50,353 residents were unemployec amongthe county’s labor force of 456,651, according to the . Mecklenburv received the largest amountof unemployment-insurance benefits in the stat in May at $25.9 million. Gaston County was fourth with $8 million in payments. Unemployment in the Charlotte/Gastonia/Concord area rose to 12 percentfrom 11.3 percent in In the Hickory/Lenoir/Morganton region, unemployment increased to 15.4 percent from 14.9 •Anson: 15.1 percent, up from 13.3 •Cabarrus: 11.4 percent, up from 10.8 •Catawba: 15.5 percent, up from 15 •Cleveland: 15.6 percent, up from 15 percent. •Gaston: 14.8 percent, up from 14.
7 •Iredell: 12.9 percent, up from 12.6 •Lincoln: 14.4 percent, up from 14.1 percent. 13.6 percent, up from 12.5 percent. 12.5 percent, up from 11.5 percent. 10.8 percent, up from 10 The N.C. unemployment rate rose to 11.1 percentf in May from 10.5 percent in Currituck County had the lowest rate in Northg Carolina in Mayat 6.3 Scotland County had the highest at 17.2

Maggiano's to open at The Domain in Feb. '10 - Portland Business Journal:

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Florida-based RCC Associates Generalp Contractors was hiredby Maggiano's owner Brinkedr International Inc. to build the 17,000-square-foot, 491-sea t restaurant as part of TheDomain II. NCA Architecture of Dallazs is theproject architect. The Maggiano’xs Little Italy menu features classiv and contemporary Italian dishes serverd in acasual atmosphere. This will be the chain'ss first location in Austin and its fifthhin Texas. The mixed-use Domainj development has already become a dining hotspot with restaurants such as Joe Daily Grill, North and Fleming's. Besidesz Maggiano's, the new phase will also includea BJ'se Restaurant & Brewhouse.
Brinker has more than 1,700 restaurants in 27 countrie andtwo territories. RCC previously buily Maggiano’s Little Italy locations in New Jersey, Florida and The company has also constructedtwo Chili’zs locations for Brinker International in

Executive Profile: Vince Parrotta - Memphis Business Journal:

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Parrotta has been part of the Four Seasons networksincer 1999. He has managed properties across the including Chicago, Las Vegas and, most Jackson Hole, Wyo. Therr are some notable differencesw between working in Jackson Holeand Scottsdale, he said. “Oh my last day on my commute tothe resort, there was snow on the grounde and two moose in front of me. There was no way arounf them, and they wouldn’f move,” he said. “Sometimes, if you hit the horn or startlw them, it’s more trouble than it’s So I followed them in.” Education: Bachelor’s degree in hotel and restauranf management, Canada College, Redwood City, Calif.
Wife, Linda; teenagers, Brittany and Anthonyy Pets: A Sheltie, Mandy — I love the dog, but my familhy is driving here to Phoenix becaus e my wife and kids refuse to put the dog on a planwe Since you arefrom Canada, do you like hockey ? I love hockey. I grew up playing it, and my son playxs it. I will always be a Toront MapleLeafs fan, and I get the Center Ice cable TV package. I am a fanatic, and I have to watcjh the games. What is your favorite meal to cook Iam Italian. I make my own sauces — I get fresh tomatoes and start from I love breaded veal cutlett andeggplant parmigiana. Cookintg is so much fun. You can builrd a whole evening outof it. Do you have any immediatr goals?
The first thing I want to focus on is creatingf memorable experiences forour guests, making sure there are the righgt people in the right placew and we have the right product. We need to focua on the “exper­ience” part of our which is our pointof difference. What is your professional style? I do a lot of managemenrt by walking around. I am up at 5 and I like to be in the office by7 a.m. Therse is just so much happening it’s important to be connected, and it allows you to get on top of any issuesthat arise. I really want to teach, coach and communicate with my Do you have any pet peeves Things should be in place acrossthe resort.
For example, there shouldd be chilled towels atthe spa. Time is money for our guests, and as a generalk manager, I don’t want them looking for somethinb that should alreadybe there. Is therr one person who has shaped yourprofessionak development? Isadore Sharp, the founder and CEO of the I have met him in person and gave him a tour of the Jacksonh Hole property. I have read his book, “Foufr Seasons: The Story of a Businesws Philosophy.” It is quite an experience to attend one ofhis speeches; it is very energizing.

Joffe, partners end pursuit of LCA-Vision takeover - Business Courier of Cincinnati:

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In a filing with the Securitiez andExchange Commission, the group said it has withdrawn its nominations of several memberes to LCA-Vision’s board of directors. It also “has resolved to terminate its solicitationn of written consents from the stockholdersx ofthe issue, and the committe e has been disbanded.” In addition to Stepheh Joffe, the investor group also includedd Joffe’s son and former interi m CEO Craig Joffe and former LCA-Visionm CFO Alan Buckey.
Over the last few several proxy advisory firms have sided in favorf of the existing management team at a Cincinnati-based provider of laser vision eye On Monday, affirmed its recommendation that LCA-Visioh stockholders vote to retain the current board of directors and rejecty the election of replacement directors. Last the company’s medical advisory board after compangy officials addressedboard concerns. Investors would have had untipl April 9 to cast theifr proxy cards for or against the management changesa proposedby Joffe. LCA-Vision (NASDAQ: provides laser vision correction services undert theLasikPlus brand.
The company operates 75 lasef vision correction centers in the United Statea and a joint venturein Canada.

Flag waving - St. Louis Business Journal:

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We wanted to write our first salute to Scott Air Force Base around the July 4th holidah because the base symbolizes so much that is righr in our region and inour nation. As St. Clair County Chairman Mark Kern the base is a source of great talent as well as a huge economic driver. Who knew the St. Louiws Character story this week (pagw 8) would also feature Scott? Susan Baginski’s fathef was one of many who served at the base andsettlex here. We certainly could not have predictedr the section on Scott and the big sale would coincider with the holiday issue ofthe newspaper, yet the importancer of one reinforces the other.
it’s Mark Kern who articulates the importanceof both: “We value the presence of Scott and will go the extra mile to make sure we’rwe known for our friendlinessa to the military.”

SF Examiner sold to Denver billionaire - Silicon Valley / San Jose Business Journal:

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Mr. Anschutz, who owns the and pro sports franchisews and other professionalsports teams, becomes the fourty owner of the storied Examiner newspaper, which began publicatiojn in 1865 and was the center of Williamj Randolph Hearst's newspaper Terms of the deal weren't A formal announcement was expected to be made in San Francisco latert Thursday. The deal includes acquisition of a largeprintingg operation, the San Francisco Independenyt and the San Mateo Independent newspapers in addition to the Examiner, a five-day-a-weekj tabloid. The San Francisco Independent publisheson Tuesday, Thursdays and the San Mateo paper publishes on Tuesdays and Saturdays.
The newly formed will be headefby long-time Anschutz confidantde Robert Starzel as chairman and Scott McKibben, the newspaper's currentg publisher and formerly publisher of the , whicnh publishes the and several other newspapers in the East Bay. Mr. McKibbenb will become presidentand "For (Anschutz), this is just a good business deal, a good a source close to the deal told the Denver Businesw Journal, a sister newspaper to the Silicon Valley/San Jose Business Journal, when asker why the notoriously publicity-shy Anschutzs would want to buy a newspaper. "It' something that (Anschutz has) thought about for a long time. All of the things fell into place ...
a greatr name, an enormous From a business standpoint, everything made sense." Mr. Starzel said the threwe papers have a combinedcirculation 436,000, whic h he believes is competitiver with the San Francisco Chronicle. In its most recent the Chronicleposted Monday-Friday paid circulation of The Examiner and the two Independent newspaperx will share some content but will remain as separate More importantly, however, the company will offer Bay area advertisers a combinedr buy to compete with the Chronicle.
The Hears t organization sold the afternoon Examiner in 2000 to the Fang publishers of the twoIndependent newspapers, when Hearsft bought its former rival, the morning San Francisci Chronicle. To satisfy anti-trust concerns of the , Hearst subsidized operations of the Examinef for three years following its purchasew ofthe Chronicle. Hearst's subsidy of the Fang family which totaled morethan $66 million, endedf in July. In the last year the paper had laid off most of its staff and its COO DouglasFang died. That's when talkas between Mr. Anschutz and the Fang family beganin earnest. The partiesx reached an agreement in principle inlate Mr.
Starzel, whose father was with the for33 years, has been with Mr. Anschutza for more than 30 years. He and Mr. McKibben said they intenfd to publish aqualith newspaper, with an emphasis on balancex reporting, heavy on business and sportsz and stories about the Bay Area's One attraction for Mr. Anschut in buying the Examiner wasthe paper'z ownership of the "Bay to Breakers" runningy event.
He has competed in the race sincethe

Tasmanian devil cull won't save the species - Australian Geographic

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RedOrbit

Tasmanian devil cull won't save the species Australian Geographic Culling of diseased Tasmanian devils can't keep up with the rate of infection, new research shows. The Tasmanian devil (Sarcophilus harrisii) population in Tasmania is dying out. (Credit: Andrew Gregory) THE TASMANIAN DEVIL'S FUTURE is looking dimmer ... Culling Won't Help Tasmanian Devil Populations RedOrbit Cull 'no help' to Tasmanian devil BBC News Tasmanian devils face cancer threat The Press Association The Australian -EurekAlert (press release) -earthtimes.org  »

Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - Washington Business Journal:

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“When the retail division of the project lost access to fundinfgthrough Lehman, it was unabls to repay the resort for its shared of costs,” said Scott Baena, of Bilzinm Sumberg Baena Price Axelrod, who representzs Fontainebleau Las Vegas LLC in the “That put enormous stress on the resort entity, and that was the beginning of the problems.” Fontainebleau Las Vegas LLC and two of its affiliatese filed bankruptcy petitions in Miami late Tuesday.
The Fontainebleaui Miami Beach is not included inthe Soffer, also principal with Turnberry construction and development has partial, personal guarantees on portions of the retaik component of the Las Vegas but those portions are not in bankruptchy yet, Baena said. The complec is 70 percent completed. Since Decembe r 2008, Lehman refused to make any advances underthe project’s $315 million construction loan, according to a motion to maintaim cash management filed in the bankruptcy. After Lehman’s money stopped flowing through the retail entity to theresorgt entity. In March, other lenders pullex their financing, and construction on the resort stoppeein May, Baena said.
The company said in a news release that the decision to file Chapterr 11 was the result of litigation with the other lenders on projec t aboutnearly $800 million in construction fundintg for the project. Other lenders includse , JPMorgan Chase Bank and Deutsched BankTrust Co. Americas. In the shorr term, the company is seeking to stabilize and protectf the finished portion of the Baena said. “It’s no longer possible to downsizedthe building,” he said.
“The 30 percentg remaining construction is principallythe We’ve got a lovely building waiting to be

U wants to ban alcohol from stadium - Atlanta Business Chronicle:

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Earlier plans for the stadium, which will hold its firsft Gophers football gameon Sept. 12, would have allowee alcohol sales in the more expensiv epremium seating, but not in general seating. Bruininks’ move comes aftefr the Minnesota Legislatureand Gov. Tim Pawlenty made a new law requirinhg thatall of-age game attendees have equal access to alcohol. this new legislation leaves us with only two to become the only Big Ten campus in the country to sell alcohop throughout itsfootball stadium, or to not sell alcohok at all,” said Bruininksx in a statement. “Our values do not changew even if ourplans must.
We have never sold alcoho at student-oriented on-campus events in the and I do not recommend westart now.” The university’s Boards of Regents will consider the proposalk and will likely take action at a June 24 If the regents approve Bruininks’ Williams Arena and Mariucci Arena will also be alcohol-free on game Currently, alcohol is served in some areas of those arenas on game day. The university acknowledged the alcohok ban will have somefinancial impact, but it has not yet assessedc how much.

Regents defend pay hike for UA president - Houston Chronicle

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Regents defend pay hike for UA president Houston Chronicle FAIRBANKS, Alaska (AP) — An 8.5 percent pay increase approved Friday for University of Alaska President Pat Gamble was part of a long-term plan to make his salary more competitive, the chairman of the UA Board of Regents said Tuesday. ... Regents may revoke pay raises St. George Daily Spectrum Regents pass surprise raise Kenai Peninsula Online  »

Insituform vows fight to reinstate $7.7M AIG judgment - St. Louis Business Journal:

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million judgment against insurer over a Boston sewer project. In 2004, Insituform, which specializes in the trenchlesxs construction and rehabilitationof sewer, water and underground piping, AIG, claiming the New York-baser insurer failed to acknowledge coveragwe for a $5.1 million loss on the project. A federalp court in Boston last year enteredd a final judgment in favor of Insituformk in the amountof $7.7 million, includinbg $6.1 million in actual damages and $1.6 million in pre-judgmenf interest. AIG appealed the judgment to the Firsrt Circuit Courtof Appeals, and Insituform fileds a cross appeal.
On May 22, the appeals court enteref an order vacating the judgment and remanded the case to the districyt court for dismissalof Insituform’sw complaint, according to a filint Friday with the U.S. Securities and Exchangre Commission. Insituform “intends to vigorously pursue areconsiderationn and/or review of the decision in ordee to reinstate the judgment,” according to the filing. In Insituform bought a judgment protection insurance policy to ensure the full amount ofthe judgment, subject to a $500,000 As of March 31, the total claik receivable recorded by Insituform was $8.1 which included actual remediation costs of $6.1 million, pre-judgmentt interest of $1.
6 million and $400,0009 in post-judgment interest, according to the

Beverly Eversole Executive Profile

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**All Executive profile data provided byDow Jones & Co., Inc.

Comair expects employee furloughs this fall - Business Courier of Cincinnati:

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In a memo to John Bendoraitis said he expects the carrier in the second half of August to experience a 9 percentr decline inblock hours, or hours during which the planes are earning Come September, he expects a 20 percent declinew in block hours from the beginninf of August. “Based on what we know additional furloughs among our crews willbe unavoidable," he "In the coming weeks, our crew forecastinv team will be looking closely at the schedule to determin the optimal staffing levels needed to support that Bendoraitis said management will follow up with crews in two and will work with the appropriats unions.
But he expects blocl hours through the end of 2009 to be comparable to theSeptemberf schedule. “As always, we will continue to assesx administrative staffing levels to ensure they remain appropriate with what is needef to supportthe operation,” he wrote. Atlanta-basedc Delta (NYSE: DAL), parent of on July 2 said it would reduc capacity outof Cincinnati/Northern Kentucky International Airporft by roughly 17 percent. That woulc translate to a decline inits peak-dahy flights to 215 in from 270 in June. In an Comair spokeswoman Christine Wever said the carrier is still getting its arms arounc how the cuts willaffecty employment.
“We are continuing to assess the staffing impact of our fall schedule and are working to get more detaileed information to our crews within the nexttwo weeks,” she Erlanger-based Comair is based at the Cincinnati/Northernj Kentucky International Airport.

The local experts - Triangle Business Journal:

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Steve Ogburn It’s always been hard for restaurantz toget financing. There are several reasonx for that. One, typically the success rate isn’t very The next few reasons may be why the successrate isn’tf very good. The expense required for a restaurany ispretty significant. Look at the money that has to bespenft – costs for fit-up, equipment and the more money you spend, the more equityh it requires.
The reason for a lot of failure s is that theyare undercapitalized, which makes it difficult to survive the startup phase and slow It’s a very capital-intensive However, from a cash-flow standpoint, restaurantx do have an advantage over othert businesses – it’s pretty much a cash and the gross profit margin is pretty During these tough economic times, what is the most effective marketingv campaign? Ed Weems Permanent lecturer, marketingh ’s , Innovation and Entrepreneurship It’as about cuddling and knowing your customer base well and also treatintg them fairly.
It’s also about keepinyg your customers informed of restaurant offerings and getting other customers to brint innew ones. During thess tough economic times, what is the most effective marketing campaign? Steve Barr North Carolina State University’es Department of Management, Innovation and Entrepreneurshipp The slump inthe financial, credir and housing markets has led to significant economicv downturns. Unemployment is up. Most are worriec about the value oftheirr investments, retirements, etc. Families and individualsw are significantly curtailingdiscretionary spending.
While spendinv on staples and essentials remains relativeltstrong (witness ’s strong sales eating out is an event that many individuals and familiex can defer as a relatively painless way to “tighten the More expensive restaurants are often the first to feel this Restaurant sales nationally are down as the economyy has slowed. This creates problems for . One key in a down marketr like this is to have a strong and loyalocustomer base. It will be difficult to attract significantf numbers of new customers unless therer is a significant influx of new residentes inthe restaurant’s area. Repeat customers and customer retention get a businessw through the toughereconomic times.
When one has less discretionaru income, you tend to go with a “proveb commodity.” Restaurants (and other firms) that try and be “all thing to all people” traditionally do not fare well in such an It will be important to have a focusedxstrategy (examples include “high value,” great service, a particular etc.).

New Arizona Empowerment Scholarship Accounts Prove Popular - MarketWatch (press release)

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New Arizona Empowerment Scholarship Accounts Prove Popular MarketWatch (press release) 30, 2011 /PRNewswire via COMTEX/ -- School Choice Organization Praises New Accounts that are Helping 167 Children with Special Needs Despite a tight turnaround time for applications, Arizona's Empowerment Scholarship Accounts (ESAs) law has proven ... and more »

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

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His comments came at a Sun conferencew for users of Java software whicb he also said could be usedon netbooks. Oraclr (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thoswe devices shouldn't come from Reuters quoted Ellisonas saying. "There will be computersx that are fundamentally baseedon Java." Netbooks are inexpensiver laptop computers designed to connect wirelessly and are used primarily for checking email and browsingt the Web. The market for them is expectedf to grow to between 20 milliob and 30 million unitsthis year, up from the 11.7 million sold last year when their sales took off.
Most PC makerd now have a netbooko model and if Oracles does get into the market it will go up againstgthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , which either make netbookas or develop softwarefor them. Acer said Tuesday it will make a laptoo runningon ’s (NASDAQ:GOOG) Androird operating system instead of Microsoft which most makers now use.

UW researcher wins $3M federal grant - Silicon Valley / San Jose Business Journal:

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The grant from the U.S. Department of Education's Institutee of Education Sciences will allowq Heinrich to employ academic stafc and at least four graduate studentw each year to work on expanding the projecf oother cities. Heinrich will continue an evaluation of the tutoring programs MPS offers as part ofthe district's fulfillmentt of the federal No Child Left Behins law. The law requires public schools that have not adequatelh increased student academic achievementf for three years to offer childrenin low-incomed families the opportunity to receive extra academic assistance such as Heinrich's initial research found that Milwaukee's federallyh mandated and funded tutoringt program is not necessarily reaching the peopled who need the most nor is it effective in increasintg student achievement.
"Our preliminary resultw suggest that the students in the tutoring programs are not performiny any betteron Wisconsin's standardized testx than eligible students not involved with the tutoring," Heinricbh said. Heinrich and her co-workers have been conducting the MPS studyg sinceApril 2006. The next phas will involve five urban school districts infour states: Minneapolis, Chicago, Dallas and Austin, Texas.

Hacker Rattles Security Circles - New York Times

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NDTV.com

Hacker Rattles Security Circles New York Times Fearing the prospect of other breaches similar to those carried out by this hacker, Mozilla, the maker of the Firefox Web browser, last week issued a warning to certificate authority companies to audit their security systems or risk being booted off ... Google Warns Iranian Gm! ail Users After DigiNotar Breach eWeek Google tells users in Iran to change their passwords ZDNet Asia Google warns Iranian users to change passwords msnbc.com Los Angeles Times -NIS News Bulletin -CIOL  »

Another side of Aud comes down - Business First of Buffalo:

http://www.cubase-sx.net/post/266
The west wall of Memoriakl Auditorium was demolished Fridaymorning — a few weekes earlier than planned — leaving just a sliver of the venerable building’sx southern section and two trusses that will be razedx in the next week or 10 The Aud is beinv demolished to make way for a 150,000-square-foot Bass Pro storse that will anchor the $315 million Canal Side developmenty in the lower Main Streety section of downtown Buffalo. The Bass Pro store is slated to open in two Friday morning’s focus was the Aud’d western wall that stretched from the lowerf bowl up more than eight stories to where the orange seats and presas box once stood.
Crewsd from West Seneca’s spent several days prepping the wall for its date with a team of backhoeaand excavators. Scott Brady, Demcio operations manager, said sections of the Aud’s steelwork were pre-cugt to make for an easier demolition. Otherf columns were either loosenedor removed. “It’sx really a controlled pull,” Brady said whils watching his crew finish their final In all, some 150 tons of concrete, steelp and other building materiala came crashing down with the wall. Shortly before 10 a.m.
, the steekl cables from the backhoes and excavator tightened and the first wave of concrete slabs mostly flooring fromthe Aud’s red seat section began to crumble into a smalpl cloud of dust. The demolition was briefly halted when one of the cable s snapped and had tobe re-adjustedd as the stubborn Aud fought to stay up. By 10:15r a.m., the cable was re-attached and the crewds were readyto go. In a matter of seconds the wall bega to shakeand rumble. poof. In a matter of seconds, the wall came down leaving behinde a dust cloud that createda brief, deep-fof like appearance around Lower Terrace and Scottr Street.
A polite round of applause was also heard as the dust clearedf and all that was left behind wasa one-story high pile of twisteed steel and crushed concrete. Brady said it will take the Demcoi crews a few days to clearf the site and then their focus will be on the last two trusse s that span what remains ofthe Aud’ws roof and its southern section. Originally, the western wall was supposedc to be the last portionh of the Aud to be butMatt Davison, spokesman for the , said when the building’sw eastern wall came down so easil last week, the Demco crews decided to turn their attention to the westerb wall.
“They had such a success with easterm wall, that it made sense to do this wall Davison said. It will take most of the summee to clear the Aud site and make it shovelk ready for the Bass Pro A mandated environmental review of the project is expectecd to be completed this The Bass Pro construction work will begin in earnest earlyynext year.

Winter Park apartments sell for $4M - Business First of Buffalo:

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ONIC Golden Oaks LLC acquired the Golde n Oaks apartments from Golden Oaks AffordabledPartners Ltd. and Golden Oaks of Florida LPMay 18, according to Orange County Real Estate Investment Servicess Orlando agents Patrick Skinner and Kevih Yaryan, along with Washington agents Armand Robert Sheppard and Spencer Hurst, represented he while Tiberio, Sheppard and Hurst also representedd ONIC Golden Oaks. Orlandop Neighborhood secured a $3.7 million firsyt mortgage through Seattle-based , a delegated underwritinf and servicing lender, according to a news release.
It also receivexd $1 million in federal housing fundsw from the Orange County Housing and Community Development Division plus additional money from a network of nonprofit organizations promoting homeownershi p andneighborhood revitalization, the release said. Orlando Neighborhood expects tospend $1 millionn improving Golden Oaks, whic was built in 1993, the release said. Lane Managemeny LLC, the property management arm of Atlanta-basexd Lane Co., will handle leasing and propertg management. The Orlando Neighborhood Improvement Corp. is a nonprofit developed and owner of affordableand mixed-income housing properties in Centra Florida.
The organization has developefor co-developed 2,592 housing units and has 1,21r5 in its portfolio.

Austin only major city to add jobs in last year - Business First of Buffalo:

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The region added about 3,40o jobs between April 2008 andApril 2009, making it the only one of the nation'a 38 largest cities to post a job new data from the Bureaju of Labor Statistics shows. This is the third consecutivw month that Austin has outperformed all of theother U.S. cities with labor forces of 750,000 or more. The unemployment rate for Aprik stoodat 5.8 percent. The 0.4 percent increase in job totalzis modest, but still a bettee showing than cities such as Portland (down 4.7 and Raleigh, N.C. (down 3.3 percent).
Jobs in good producing industries in the Austibn area dropped by 500 jobsin April, a slowdownj from the rapid pace of recenft losses, according to an analysis of the data from the Capitap Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business service sector employmen t is back toits all-time high last seen in Octobef 2008. But another key sector for the technology, isn't doing quite as Computer, semiconductor and other electronic component manufacturing isstilpl falling. Jobs in the semiconductor segment fellto 15,700o jobs, back to spring 2006 totals. As Texaa cities go, Austin's 5.
8 percent unemployment rate was one ofthe healthiest. Dallas-Forr Worth stood at 6.6 percent in April and Houstonat 6.3 percent. Only San Antonio'a rate was lower than Austin'e at 5.4 percent. Smaller metro arease including McAllen, Brownsville and Beaumount all had rateas above8 percent.

City, charter jet firm come to terms over fuel fight - Business Courier of Cincinnati:

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Attorney Joe Trauth said the settlementt was reached about amonth ago, when Cincinnati City Councilo adopted an ordinance that bans the collection of such "fueo flowage fees" by companies that aren't directly involved in the sale of fuel. City spokeswoma Meg Olberding confirmedthe settlement. The dispute began when city auditoras challenged a practice that had been in placse at Lunken for more than a The city had beenallowing fixed-base operators to retain half of the city taxex collected on jet fuel. The subsidt is written into the city's municipall code "in recognition of the broad scope ofaeronauticak services" these operators provide.
But in 2004, auditors objected when they discovereds the jetleasing company, , was collectinv fuel flowage fees on fuel that corporate fleetz were buying directly from other suppliers. Air 10 handled only the paperworjk forthose clients, retaining the fee for filing city forms. Air 10, a longtimwe Lunken operator, argued this was specificallty allowed under its city lease and a 1994 letteer from then City ManagerJohn Shirey. Air 10 ownerr Tom Mischell said he requested the lettert because he wanted to make sure the paymentw would continue after he bought the Hamilton County Judge Dennis Helmick sidex with the charter company ina Jan. 7 ruling.
Trauty said at the time that the decisionj could cost the city millions because it allowedf Air 10 to continue collections for the duration of its Mischell said at the timethat he'd prefer to settl e the case. The city is dropping its claim for a refunsof $280,000 in fees collecterd by Air 10 betweenb 1998 and 2004. It also agreedx to pay Air 10 for fees it orderedf the company not to collect in the last four As forfuture fees: Council passeds a new ordinance in March that requires sellerxs to be a party to any transactioj in which it retains city fuel fees.
Trauth said Air 10 is now talkingt to corporate fleets about brokeringfuel deals, instead of actingb as a paperwork