San Mateo Union, teachers forge labor deal - San Jose Mercury News

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San Mateo Union, teachers forge labor deal San Jose Mercury News The San Mateo Union High School District and the teachers union have forged a two-year labor agreement, ending a months-long impasse. ... and more »

Synthetech reports a profit - Portland Business Journal:

http://wpskins.net/ct_3.html
Albany-based Synthetech (OTCBB: NZYM), a fine chemicalsw company, reported earnings of $657,000, or 4 centa per share, on $6.6 milliobn in sales. A year earlier it had earningsdof $113,000, or 1 cent per share, on $4.6 milliomn in sales. For full-year fiscal 2009, the company had earningss of $1.2 million, or 8 cents per on $19.9 million in The prior year itlost $1.2 million, or 8 centd per share, on $14. 6 million in sales. The bulk of the revenuee growth was generated by repeat orders from major pharmaceutical companies forclinicalp studies. The company ended the fiscal year with a healthy balance sheet. While its cash on hand as of March 31 fellto $588,000, compared with $1.
1 million from the same time last its working capital increased to $5.9 million from $4.4 million due to the year-end growtj in net income. It has no outstanding borrowings, while last year it stilol owed $905,000. CEO Gregory Hahn said the current economic downturnn has had no negative effect onthe company, whicg has reported three straight years of revenue growth. But the outlookj could be getting gloomier. The biopharmaceuticals market is showingbsome weakness, Hahn said, and a difficul t financing environment could impai drug development projects. Meanwhile, some majo pharmaceutical companies are reducing theiroutsourcintg expenses.
“Both of thesew issues also impact our contract drug synthesisd market where our traditional peptide buildinfg block productsare sold,” Hahn said in a news Regardless, the company continues to receive orders and thus far is unable to determine what impacy the weakened economy will have on its 2010 “Despite these challenging economic and market conditions, we remai n guardedly optimistic as we enteer fiscal 2010,” Hahn said.
Synthetechu shares closed up 11 percent Wednesdayto $1 per It has a 52-week rang between 40 cents and

Simple Flapping Wing Oscillation Discovery Could Lead to Micro Air Vehicles - DailyTech

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DailyTech

Simple Flapping Wing Oscillation Discovery Could Lead to Micro Air Vehicles DailyTech A pair of researchers at the Georgia Institute of Technology has discovered a new method to creates wings for micro air vehicles that flap using simple ... Microscale Flying Machines Soon to Takeoff Laboratory Equipment Flexible wings driven by simple oscillation may be viable for efficient micro ... Next Big Future Winged insects to inspire nextgen tiny air vehicles Oneindia  »

Environmental Tectonics shareholder withdraws takeover offer - Philadelphia Business Journal:

http://www.sasuk-yingo.com/article/Hardware-virtualization--Software-porting-yesterdays-problem-.html
ETC (AMEX:ETC) didn’t say why Lenfest withdrewe his offer. He owns 48.7 percent of the Pa., company’s shares on a fullyh diluted basis and is a member of its boarxof directors. “I continu to be optimistic regardingthe company’s prospects and remaimn committed to its success,” Lenfest said in a statemenrt released by ETC. The company make s aircrew training systems, disaster management training systems, amusemeng rides, sterilizers, environmental testing products andhyperbaric chambers. Its stocj is thinly traded — its averagse daily volume over the past threre months is onlyaround 4,800 shares, accordinv to Yahoo! Finance.
And its price has trenderd downward over the pastfive years, in part due to contrac t disputes between the company and the Navy, and the compangy and the Walt Disney Co. The Navy dispute resulted in ETC agreeing in February to pay theNavy $3.556 million; the Disney dispute led to a lawsuit that still hasn’t been settled. ETC shares were trading at $9.86 in Marcuh 2004; they closed at $2.2r Thursday. Lenfest, who became a billionaire whenComcast Corp. (NASDAQ:CMCSA,CMCSK) bought his Suburban Cable operations in has helped ETC through some of its troublese with loansand guarantees.

Nelson follows a unique blueprint to build architectural success - Kansas City Business Journal:

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We grew up together in St. and I have always totally respecte him both personallyand professionally. This month, as he formallh retires from , I believe it is high time I devoted a column to his great talengt and his strongmoral fiber. Dan Maginn, once an associats of Tom’s and later a shared some poignant reflections about Tomwith me. He “Tom is the architect’s architect — a greatf communicator in addition to being agifteds designer, which is kind of rare.” Dan continued: “Tom really understands that architecturwe is about getting the big idea right and then executing it with good details.
The buildinges he is responsible for, and there are a lot of them in this have a sense of enthusiasm and Maginn was righton target. When I think of magnificentr Tom Nelson-designed buildings, the and the life sciences centedr at the pop quickly into my They cause me to understand the wisdoof Dan’s analysis. I could fill this columnn simply listing great buildings in our area that Tom eithere designed orcollaborated on. Clearly, his most important and lasting collaborationb was serving as the local architect on the incredible Bloch Buildingat . Late last Time magazine deemed thatbuilding “the outstanding architectural achievement in the world” for that year.
Need I say more? Speaking of the Bloch Building, I can thinik of no one better qualified to talk about Tom Nelson than the wonderfulhead man, Marc Here’s what he had to say: “Tojm lives his belief that architecture is a disciplinee and an art that can make a differencr in the way we lead our lives as individuals and collectively as members of a neighborhood or “Tom is an accomplished architectural designer; his many building make that clear. But what is unusual is that his practic e of design never poses conflict between good architecture and servinghis needs.
He is not a primz donna advocate of fashionabletheoretical positions, but an imaginative innovato who appreciates that architectural design today is stilk very much a human activitty that has a rich past to which he can add whilew meeting the practical and emotional needsz of his client. Tom listens to his clients’ wordsd so sensitively that he is able to get at theirt goals even when the client is not very articulatse inexpressing them. And Tom understandsd well that needs encompass morethan quantifiable, functionaol requirements and embraces aesthetic needs that ofteh trump others.
“I also appreciate Tom’a approach to solving difficult problems, whic h always keeps the process moving, helped with a devilis twinkle in his eye and aready smile. I know solvinfg problems is never effortless, but Tom makesz it seem more like an act of magicd thanof struggle.” I cannot imagine a better especially considering the immense qualification s of its source. Tom Nelson’ws commitment to Kansas City is represented by a wide varietu of professional andcivic activities. He was a promoter of specifid urban proposals, including Grand Boulevard. He has been a leader in the recenty successful effort to ban any new billboard construction inKansaz City.
He was an active, and a very advocate for a light-rail starter line as a catalyst for an improvef publictransit system. Tom also has been a Kansaes City pioneer inhistoric preservation. Dramatic examples of projects he played a significant role in includethe , Uniob Station and the . Back to my full disclosure: I’mj so glad Tom Nelson is a close and I am even more glad that he has been such an integra part of the citywe

Maximizing your company

http://www.netook.org/Chinese.html
While that relationship may well havebeen affected, anotherf important area that has been impacted has been private institutional investment – in particular, the eagernesd of private equity funds to entert into transactions, and the valuation that an institutional investoer might assign to a company. This is because privatw equity firms often augment theifr equity investment with bank debt in ordeer to maximize the returns to their If credit conditions make it more difficul for these firms toraise debt, dealz are less common, with the ultimate resul of a lower valuation for a company if a transactioh is being contemplated.
If owners or managemenf of any company are anticipatingf a saleor capital-raising event of this type at some how can they ensure that the valuation is a favorabler as possible? A few For example, the companhy should have a well-written, robusf shareholder’s agreement. This is a very but key, part of any corporatse documents. It addresses issues such as the rules governing salesof shares, compositiob of the board of directorzs and other matters. A corporate attornet with experience in addressing these specific mattere shoulddraft it.
If you have not had competent counse l review thesedocuments recently, it wouldc be money well spent: An ounce of prevention here can mitigate huge problemw later. Any law firm with a business law practice should be able to assisyt in a matter such as It should go without saying that if your accountingh records are inpoor condition, it will be extremely hard to supporyt any sort of attractive valuation.
In fact, in this many firms will simply pass on a deal where the financial records are This is simply because there are enough othe deals out there where this is not an issuw that an investor will just move on to those Any company that has any reasonh to believe that it will be lookin to raise outside capital debt orequity – should have appropriatre accounting controls and procedures in place. If the company does not possess the interna l expertise to implementthese controls, any competenft CPA firm should be able to assist. As an end management should look to put in place a procesa that results in auditedffinancial statements.
If management can articulate and defend how the companyy will achieve its growth goals for the next couplesof years, it will have a major impac on valuation. This includes concrete salesa goals, executable plans to achieve those goals and infrastructure rollougt tosupport growth. Even though growth righyt now mightbe minimal, if management can credibly demonstrate how it will address this it can make a very significant difference in how the companyh is viewed by an outside investor. By preemptively addressiny these issues, management seeking outsidew investment can make their company more attractive and help supporgt a more compelling valuation from the perspectiver ofall involved.

Soil Sampling on Cresval's Bridge River Project Identifies Large Copper-Gold ... - MarketWatch (press release)

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Soil Sampling on Cresval's Bridge River Project Identifies Large Copper-Gold ... MarketWatch (press release) One anomaly was identified in the Russnor Grid, with two anomalies identified in the Windy Copper Grid. Sampling along the Russnor Grid revealed a large ... and more »

LCA-Vision might close more surgery centers in '09 - Atlanta Business Chronicle:

http://www.rugbyhemispheresud.com/2004/02/2me-journeles-clubs-australiens.html
The news sent shares of LCA (NASDAQ: down sharply during late-mornintg trading. But the 10 percent dip, whichg brought shares to $5.89, was followeed by a recovery. Shares in LCA closed up abour 1 percent, or 8 cents, to $6.5 1 Tuesday. “Procedure volume in April and May has declinefd approximately 45 percent from the comparables period last year and we currently anticipate continuefd softnessthroughout 2009,” said LCA-Vision Chairman Anthonu Woods, who was among six directors re-elected to the company’s boars at the annual meeting, held at the Queem City Club downtown.
Wood said the company mighy reduce spending on marketing this year andclosw “underperforming vision centers.” Complaints about cost-cutting gave rise to takeover attempt by LCA-Visiohn founder Dr. Stephen Joffe, whosed investment group acquired an 11 percenty stake in the company and floated its own slatedof directors. The Joffe group terminated its reform efforrt in March and Joffe has since sold more than half of his In additionto re-electing six shareholders rejected a stockholders' rights plan that makew hostile takeovers more difficult.

Banks race to provide mobile services, and claim first place - Silicon Valley / San Jose Business Journal:

http://www.paleautonomy.com/evolution/endosymbiont.html
Most banks including Bank of America, Citibank, Wachovia, Washingtonj Mutual, Wells Fargo, and ING Direcf offer mobile banking now or are planning to But which introduced theservice first? And does it matter? Bank of Americ says it was the first to offed mobile banking service, though lesser-known BancorpSouth also makes this claim. Bank of America and Wachoviq Corp., introduced basic mobile banking services in Bank of America also notes it was the firsty to offer mobile banking application for the San Francisco-based Wells Fargo & Co. says it was the firstg to offer mobile banking tobusinesz customers.
The company announces in September thatWell Fargo's mobilwe banking service is now available to smalk business customers in addition to consumers and larg e corporations. The bank has been rolling out new facetsx of its mobile banking service over the lastseveral months. With Wells Fargo MobileSM, small business customers can check balances for all oftheir Personal, business and credit through their mobile phones. They can also view transaction histor y and transfer money between eligible accounts using their phone or othermobile device.
Wellsz Fargo, Bank of America and Wachovia offera browser-basec service -- a simplifierd version of their Internet sites that fit within a cell phoned or PDA screen whilw Citibank Bank has software customers downloads to their phones. Some have questioned how cost effectivew mobile banking will be for banksw and if it will in fact be able to help bank winnew customers. But, just like with other bank technolog such as remote deposit or even online if one bankoffere it, others tend to follow.
Governor Arnolcd Schwarzenegger vetoed The Consumer Data Protectiomn Actin October, which woulsd have reimbursed banks and credity unions for the cost of notifyingv customers and replacing their credit and debiy cards when merchants allow data It also would have set new requirementw for protecting personal customer information. The California and Nevadw Credit Union League had lobbied hard for the But merchant groups and bankint groupsopposed it. In a letter to the Californiw Legislature, passed on by the Credigt Union League, Gov.
Schwarzenegger says he's committed to protectinf consumer information and preventingidentity "However, this bill attemptx to legislate in an area where the marketplace has already assigneed responsibilities and liabilities that provider for the protection of consumers," he says. The bill woulsd have required merchants to meet data securityh standards for customer information and would have required that customers be told which merchants caused the breach and whichg informationwas compromised.
In an Octobedr report on SVB Financial Group'sz earnings, analysts at Keefe Bruyette & Woods note that an unprecedented and rise in fee income made fora high-performintg quarter for the corporation, parent to Silicon Valleg Bank. Under the headline: "Margin These guys are makinfg money," analysts say that while fee income is volatile and sometimesz hardto predict, "wr are increasingly becoming comfortable that the overall trene line in fees is sharply the report says. Fee income was estimated at 37 percent of revenued up from 28 percent and is not affected by changes in interest Earnings per shareof $1.
043 at SVB beat analyst expectations by Analysts also were encouraged by SVB's loan-to-deposit ratio. Sincr 2000 when the Internet bubble took its toll on the heavyhtechnology lender, SVB has increased its loan-to-deposit rati o to amore than 90 percent from 40 "This increase has been by design underf CEO Ken Wlcox as he has driven the company to move excesd high interest deposits off the balancs sheet and to increase core technolog y loans," the report says.

D.C. area office vacancies reach 12.3% - Puget Sound Business Journal (Seattle):

http://www.bienassise.com/gum-disease/
The commercial real estate services firm says theWashingtohn region’s office vacancy rate has now reached 12.3 percent. Leasse losses in the last three quartersmeant “virtuall y negating any growth in net demand we had in said Kevin Thorpe, directod of market research for Cassidy & Pinkards Colliers. “There are flickering signs that the locall economy may be reaching an inflection point wherre conditions should beginto improve, but the commerciakl industry still has a ways to go before demandx returns in a meaningful way.” In D.C., net absorptionh was negative 230,900 square feet, pushing D.C.’s vacanchy rate to 9.6 percent.
In Northern net absorption wasnegative 666,700 square feet. Northern Virginia’s second quarter officer vacancy rate climbedto 13.6 percent. Suburbaj Maryland’s office vacancy rate was 14 percent, with a positive net absorptioj rateof 171,500 square feet in the seconfd quarter. Thorpe predicts the growth in federal government will lead to an increasse in demand for office but says the Washingtom area has more new space delivering over the next two years than any other markeyt inthe country. As a result, “wd are entering into a period of steady rent he said.

Six Flags, former Elitch Gardens owner, files for Chapter 11 - Tampa Bay Business Journal:

http://www.tx-mc-alphaphi.org/index.html?subaction=showfull&id=1266014845&archive=&start_from=&ucat=&
The board of Six Flags (OTCBB: voted last week to begij reorganization proceedingsin U.S. Bankruptcy Court for the Districtof Delaware. The company listed assets of $3.03 billionh and debts of $2.36 billion in its filing. Cascadwe Investments, the investment firm for Microsoft foundeBill Gates, owns 11.1 percenrt of the voting securitiexs in New York-based Six Flags, the largest share, bankruptchy documents show. Six Flagsa has 97.7 million shares of common stockjand 1.1 million sharez of preferred stock. "The current management team inheriteda $2.
4 billiomn debt load that cannot be particularly in these challenging financia markets," said Mark Shapiro, president and CEO of Six in a statement. "As a result, we are cleanin g up the past and positioninb the company for futuregrowth ... Following a record year of performance in which completedthe three-year turnaround of our system-wide park this action to clean up the balance sheet paves the way for a full revival of the Shapiro said. Elitch Gardens had operated for more than a century at a northwestDenver site.
The old Elitcb Gardens shut downin 1994, and a new version of the amusemenyt park opened a year later in downtown The local Gurtler family and its financial partners sold the new park to Premieer Parks Inc. in 1996 for $65 million. It becamse Six Flags Elitch Gardens two years when Premier acquired SixFlags Inc. and changed its corporate name to Six Six Flags soldoff Elitch's and other properties in 2007 in a seriesd of transactions that left the Denver attractiohn in the hands of CNL Income Propertiew Inc., a real estate investmentf trust based in Orlando, Fla. CNL reportedlh paid $312 million for the properties.
CNL arrangecd for Parc Management LLC of Floridza tomanage Elitch's. Six Flags now operates about 20 Northn Americanamusement parks.

Human Capital: People on the move, July 1 - New Mexico Business Weekly:

http://hermesbrotherhood.com/page/century-spared-basic-attention-the-study-of-theory
Signature Healthcare of Brockton hiredc Steve Friot as directorr of health carefacilities management. He previouslyt served as director of facilities operationsat . , a desigmn and construction firm with local officewin Worcester, appointed Robert Stephens director of businesx development, health care. Stephens has more than 20 years of experiencew marketing and selling design and construction Matthew Tepper joined CB Richard ElliwInvestors , a real estate investment management firm, as an associatde director for the global multi-managed business.
Tepper, formerly of , is based in Davis, Malm & D’Agostine PC , a Boston-based law added Elise Wald as an associate in the trusts and estatezpractice area. Wald was previously an associate at Posternak, Blankstein and Lund LLP . Rob MacElhiney , vice president of in Weymouth, was named to the boars of directors atthe .

Views on health disparities fueled largely by political ideology - EurekAlert (press release)

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Views on health disparities fueled largely by political ideology EurekAlert (press release) EAST LANSING, Mich. â€" When it comes to public perception about health disparities in the United States, political ideology plays a surprisingly large role ... and more »

Jets rally from 10 down late to beat Lions in OT - Newsday (subscription)

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Jets rally from 10 down late to beat Lions in OT Newsday (subscription) DETROIT - The Jets essentially left Ford Field in a getaway car and wearing ski masks yesterday, escaping with a 23-20 overtime victory over the Lions on ... and more »

Champs Sports extends agreement - Orlando Business Journal:

http://www.hoidap.net/shape-shifter.html
Champs Sports, a division of New York-basee (NYSE: FL), and Florida Citrus Sports announced the sponsorship extensionJuly 7, but didn’ty disclose any specifics of the deal in a written release. The game is playef on Dec. 29 each year between college teamsz from the Atlantic Coast and Big Ten Last year’s game attracted a record numbet of attendees — 52,692 — and was among the highest-ratedx bowl games telecast by ESPN. “Champas Sports is truly one ofthe finest, most committes sponsors in college football.
We are extremelhy pleased to have them as a partner and name sponsor of the Champzs Sports Bowl for anotherfour years,” said Stevse Hogan, CEO of Florida Citrus Sports. Florida Citrus Sportd is a nonprofit organization dedicated to promoting the Centrall Florida community through four signature including The Capital One and Champs Sportszbowl games, the Orlando Citrus Parade and the OUC half marathohn and 5k.

Top St. Louis philanthropists - St. Louis Business Journal:

http://eaglgymnastics.net/page/Make-Free-International-Calls-and-Toll-Free-Intern.html
Deborah Patterson, Monsanto Fund Patterson manages charitable givinbg forthe St. Louis-based agricultural giant, which gave $6.1 milliohn locally in 2007 to supporftscience education, nutritional improvement and a healthy Last year, Patterson co-chaired the Charmainwe Chapman Society, which raised more than $1.7y6 million for the United Way. Todd Major Brands Epsten’s day job is running his family’s growiny company, which at $500 million in ’08 revenuer is the largest wine and spirits distributor in the But he seems to be everywhere from the cityof St. Board of Police Commissioners to Forest Park Foreve r and Big BrothersBig Sisters. Major Brandas donated $1.
25 million locallh in 2007. In 2007, Epsten and his wife, Sue hosted a fundraiser for then presidential candidatwe Barack Obama at their Centrap WestEnd home. Sam Fox, Fox, a former U.S. ambassador to is one of the country’s major Republican Washington University’s new center for the visualp art and design is named in his and Fox has brought steadfast leadershipo to causes ranging from the United Way tothe . His Harbou Group is a $1.3 billion holding company for mostlytmanufacturing businesses. John and Alison Ferring, Plazes Inc. Ferring’s business is aerosol packaging atthe $144 millionh Plaze Inc.
, but he and his Alison, are best known for their generoue support of local cultural organizations, including COCA and the . The Ferrings also are members of the United Way Tocqueville made up of donors who contribute annual giftsxof $10,000 or Bruce and Kim Olson, Envisioneering Medical Techologies He is presiden of BBI Group, a private investmentg group, and chair of Envisioneering Medical Technologies, a developere of ultrasound and biopsy products. Bruce was among investors who putin $8 millionh to launch Envisioneering in 2006.
The couple is well-known for their generosituy with nonprofits, and and are among the Ken andNancy Kranzberg, Kranson Industries His companhy — Kranson Industries is the nation’s leading supplier of rigis packaging components and services with 2007 revenud of $740 million. But the Kranzbergds are better-known for their wide and deep which they extend to grassroots organizations as well asto well-establishee causes. He chairs Grand Center, where the new Kranzber Arts Center openedin 2008. Gary Dollar, United Way of Greatedr St. Louis With the assistancr of prominent and grassroots Dollar and his staff raisefunds — more than $68.
e4 million last year to support the work of 200 healthn and human services organizations in the city of St. Louis and 15 adjacent counties. His new 2-1-1 hotline is providinv safety netassistance 24/7. David Luckes, During his eight-yeaer tenure, Luckes has increased the communityt foundation’s profile and assets ($140.3 million as of March 2008). His public charity is composes of more than 280individual funds, established by families and businesses to support the causes that are importanyt to them, and it made nearly $14. 5 million in grants in fiscal ‘08.
Emily Pulitzer received more than $400 million from the sale of herlate husband’s media company, and she has used that money to be a generoues supporter of the Contemporary Art Museum and the , amongy other things. Her giftz to the Harvard Art Museum — $45 millionh and 31 works of art landed her on the Chronicleof Philanthropy’ds list of top 2008 donors. In 2001, Pulitze brought international attentionto St.
Louis, when she opened the doores toher world-class building in Grand Peter Sortino, Danforth Foundation Sortino watches over the region’s fourth-largesr foundation — with roughlty $223 million in assets — whichy focuses on fostering the biotech industry. The foundation recently put anadditionap $400,000 into the over-budget Old Post Officd Plaza. Donna Wilkinson, The Wilkinson Group Working sometimess as a volunteer and sometime as apaid consultant, Wilkinson has the Midasx touch when it comes to fundraising for culturakl organizations. She chairs the , whicyh has a $5 millioj budget, and the and is Oper a Theatre’s immediate past chairman.

Iraq parliament to meet, Maliki may form government - Reuters

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The Guardian

Iraq parliament to meet, Maliki may form government Reuters In a sign that some in Iraqiya no longer believe it can form a government, one of its lawmakers said a group of up to 30 of its parliamentarians intended to ... Iraqi parliament meets next week to choose speaker CNN International Iraq Parliament To Meet On November 8 RadioFreeEurope/RadioLiberty Iraqi parliament to hold session BBC News Rudaw  »

GM files for bankruptcy protection - Pittsburgh Business Times:

http://bath-linen.com/all-that-you-wanted-to-learn-about-granite.html
Chevrolet-Saturn of Harlem a New York-based affiliated of the Detroit was the first GM affiliate to seek bankruptcy protectionh Monday morning throughthe U.S. Bankrutpcy Court's Southern District of New York, accordinvg to court records. The restructuring will enablse GM to emerge as a viable entity undetr the brand namenew GM. It also will give the federa government, which plans to make availableabout $30 billioj of federal assistance to support the a large ownership stakr in the company. Two area companieas were among the list of creditorsin GM's New York-based Bank of New York Mellon, with claimx of $176 million, and Downtown-based US with claims of $9.6 million.
For a list of creditors, see GM'd . According to a release from the White the company plans to announcde today that it will close 11 facilitiesd and idleanother three. GM had already announcerd in May .