Wednesday, March 30, 2011

AT&T mega-merger tied to spectrum drought: Cicconi - Reuters

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AT&T mega-merger tied to spectrum drought: Cicconi

Reuters


James Cicconi, the head of AT&T's lobbying effort to acquire T-Mobile, said the merger creates a fast and certain solution to AT&T's impending spectrum shortage. "We're deploying additional spectrum as quickly as we can, but you hit exhaust rates very ...



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Tuesday, March 29, 2011

CAIR slaps Cain over Sharia law comments - Politico

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CAIR slaps Cain over Sharia law comments

Politico


Herman Cain has drawn fire from a Muslim advocacy group after he slammed Sharia law and the spread of the Muslim faith in America. Asked whether there would be a place for a Muslim appointee in Cain's ...



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Sunday, March 27, 2011

JaMychal Green says he'll be back at Alabama for his senior season - al.com

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al.com


JaMychal Green says he'll be back at Alabama for his senior season

al.com


NBA prospect JaMychal Green will return next season for his senior year at Alabama. The star forward made the decision last week. He made the announcement Wednesday after a 79-64 victory over Miami in the NIT quarterfinals, if you can call a few words ...



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Friday, March 25, 2011

Tesla to open seven showrooms - Denver Business Journal:

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Stores in New York, Seattle and Chicagk will open in late followedby Miami. Tesla’s first European storwe will open in London laterthis month, followee by Munich and Monaco. The new additions will complement Tesla’w flagship stores in Northern andSouthernb California, which opened a year ago. Tesla said it is scouting locationsin Washington, D.C., and Toronto. Tesla is the only produceer of highway-capable electric cars in North Americaor “We are rethinking almost every aspect of the automobilre – from the powertrain to the customee experience, both online and in our stores,” said Tesl a CEO Elon Musk in a statement.
Tesla’xs Roadster sells for The company expects to introduce itssecond car, the Modep S sedan, in late 2011. It is expected to sell for less than halfthe Roadster’x price.

Wednesday, March 23, 2011

FDA orders more trials on PPD diabetes drug - Triangle Business Journal:

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Wilmington-based PPD (Nasdaq: PPDI) is partnering with Takeds on thedrug alogliptin, which is being developed for the treatmengt of type 2 diabetes. Approvapl was expected in a milestone that would have triggerefa $25 million payment from Takedqa to PPD. But in March, PPD said it did not expec t to receive that paymentthis year. The companiews announced at the time that the FDA plannedr to continue evaluating alogliptin under new safety guidelinesa for diabetes drugs issued in December 2008. The FDA said it would review the drug unde those standards even though alogliptin was submitted beforse the new guidelines wentinto effect.
On the companies announced that Takeda has receiveds official word that the FDA will required an additional cardiovascular safety study on the PPD employsnearly 2,000 people in the Raleigh-Durham

Monday, March 21, 2011

Md. colleges given $11M to combat nursing shortage - Orlando Business Journal:

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The grants, being divvied among 17 Marylandnursing schools, will be used to lure facultyg and students, and improve technology at the Maryland’s nursing shortage is expectes to reach 10,000 by 2016, according to the . The currenr vacancy rate of nurses at state hospitalds is8 percent. The economic downtur n has helped the industry because many retired nurses have come back to but once the recession ends the shortage will saidCarmela Coyle, CEO of the Marylandf Hospital Association. The first round of grant s will increase the number of nursews graduating by 300 students and add 20 facultu positions at nursing programs acrosdsthe state.
“The number of nursex graduating from Maryland schools are simply not saidRonald B. Peterson, president of and co-chaie of the “Who Will Care?” campaign at a press conferencse Monday. “We cannot take our eye off the nursing demand.” The campaign’s goal is to add 1,5009 new nursing students. The prograk has raised $15.5 million to date through the state’ds business community, including funds from the Baltimore constructionjform , , the region's largest hospitalp system, and , the region's largest health Greater Baltimore Medical Center, for example, gave The goal is to raise $20 million from the privater sector by the end of the and then raise an additionj $40 million in state, local and federapl funds.
• • • • • ; and, • .

Sunday, March 20, 2011

Credit card processing company grows business by evolving strategy - Sacramento Business Journal:

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Henry Helgeson and Scott Zdanis establishede the company in 1998 as a reseller of credit card processint terminals overthe Internet. To a smaller extent the company provided processing of credit card But as margin compression made equipment sales less the partners responded by ramping upprocessing Today, its processing service constitute 90 percent of its total grosas revenue, while equipment and software sales are 10 Business has been so brisok — it signed up 2,300 new customers in April alone — that the company is planning to increase its sales forces by 30 percent or 40 percen t within the next 60 days.
“We basically are getting more businessees trying to signup (for our services) than we have the capacitgy for, and we’re tryint to staff up for that as quicklh as possible,” says Helgeson, 34, who serves as presideng and co-CEO. Co-founder Zdanis has since movexd to Miami and plays a less active role in the Merchant Warehouse acts asa third-partyg processor, facilitating payment transactions between merchantsa and credit card issuers, essentially by gettinyg money off of the consumer’s credit card and into the business’w bank account. Its residual-base d business model makes money by charging for that servicse oneach transaction.
Since its inception, the 150-employee companyh estimates serving a cumulative total of morethan 87,000 customers nationwidd — primarily small and medium-size businesses; aboutr 56,000 are active accounts right now, with most of the attrition due to companied going out of business, Helgeson notes. Merchant Warehouse is processing morethan 3.5 million paymen transactions per month. After hitting $27.3w million in revenue in 2008, the company is shootingf for $32 million to $34 million this year. Helgeson says Merchany Warehouse has also benefited by becoming more ofa technology-drivem company.
“When we startex to hire our own softwarse developers and build our own as far as computer systems and technolog y to runthis office, that really put us into a hyper-growth mode,” he says. Five yearws ago, the company hired its first software It subsequently built its own sophisticated customer relationship managementsystemj in-house that has enabled the companty to better measure the performanc e of its accounts and staff.
And 18 monthsd ago, it completed the development of the necessary infrastructurer to begin processing some transaction s through its own electronic gateway here in It continues to utilize three large outside firms to assist in processing the bulk of the The company also works with a pool of aboutr100 point-of-sale system resellers, who ofte refer business to Merchant Warehouse. The compan y has also used technology to innovatre its services in an industry where Helgeson says the competitionis fierce. “Ourd industry has been pretty much plain, vanilla credir and debit processing,” Helgeson says.
“We had to look at it and say, ‘Wha can we do here to differentiate ” For instance, it offers wirelessa credit card processing services to iPhone and BlackBerrhy users who have installed its softwarde applications ontheir PDAs. Thos e mobile merchants now represent 10 percent to 15 percent ofthe company’sw new accounts. It has also partnered with anothet company, , to develop a card reader that encryptsa the credit card number as it is being swiped to help preventsecurity “They’re a very impressive group,” says Stevew Parks, vice president of , an Atlanta-basede firm that Merchant Warehouse has engaged for some of its processinvg services for many years.
He attributes the firm’s growthy to “some very shrewd investments in technology and beinb ahead of the curve in terms of technology and how to use it to drive traffic (to their business), and training theif sales reps to capitalize on that traffic.”

Thursday, March 17, 2011

Exxon ordered to pay $507.5M in spill case - Portland Business Journal:

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million in punitive damages plus interest to plaintiff s affected by the Exxon Valdez oil spilo that impacted residents and businesses living along the coas t of Alaskain 1989. The made theirr ruling Monday after the case was sent back fromthe . At the Ninthh Circuit level, justices were charged with determining interes t andappellate costs. The Ninth Circuit confirmed the punitive damage amoung afterthe U.S. Supreme Couryt determined compensatory damages and punitivwe damages should be assessed usin ga 1-to-1 ratio.
In its latest decision, the Ninth Circuit confirmedc that Irving-based Exxon (NYSE: XOM) is responsible for $507 million in punitive damages and must pay interest on the judgmengt at the rateof 5.9 perceng dating back to 1996, when the initiao judgment against the company was firsr issued by a jury. The federal case against Exxojn Mobil has been languishinb for more than a The Ninth Circuit said both sides will cove r theirown attorney’s The original jury verdict against Exxon Mobil was $5 an amount that has been reduce by 90 percent during the more than 10 yearsx of litigation, according to court records.
An Exxonb Mobil spokesman said Monday, "Wd are aware that the opinion has been issueed and will review the opinion beforecommenting

Tuesday, March 15, 2011

Associated may post 2Q net loss - Birmingham Business Journal:

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Charge-offs totaled $104 million at the end of the firsgt quarter, according to Associated’s filing with the Federakl DepositInsurance Corp. Meanwhile, second quarter net charge-offas are expected to be between $60 million and $70 million, Green Bay-based Associated (NASDAQ: ASBC) said Monday The figure was $56.9 million as of the end of the firsr quarter onMarch 31. The bank’s managemeny said weakness in the econom has resultedin asset-quality downgradesx to Associated’s construction, commercial real estate and commercial and industriap credits.
“We believe loan loss provisionsand charge-off will remain elevated due to the continuede deterioration in the real estate sector and the weak said chairman and CEO Paul Beideman. “Wee expect the pace of loan and asset deterioration to moderate infuture quarters.” Associated executives said after taking into consideration the increaserd loan-loss provision, the company’s capital levels will stilk exceed well-capitalized standards as of June 30.
Associateed said its board has former a risk and credit committee to supplement risk managementf oversight performed by the company andthe company's audit The board has appointed to the new committee John Eileen Kamerick and Richard The company will release second-quarterr results on July 16. Associated stock closede at $13.37 on Monday.

Saturday, March 12, 2011

Citizens Bancshares takes $25M in TARP money - Kansas City Business Journal:

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The Chillicothe, Mo., holding company for , said in a Tuesdauy release that the Treasuryboughty 24,990 shares of its $1,000 Series A preferrerd stock, which will pay a 5 percent cumulativde dividend for each of the firsft five years and a 9 percent cumulative dividend thereafter, and 1,250 sharex of the company’s $1,000 Series B preferred which pays a 9 percent cumulative dividend. The compangy said it will use the moneyh for variouscorporate purposes, whicn it expects to include capital support for Citizenes Bank & Trust so it can capitalize futurd growth and maintain adequate loan-losse reserves.
The company said it has been expandinb its banking operations by adding professionap staff and branches in Kansas City andeastermn Kansas. Carrie Almond, executive vice presidentt of corporate development, said in an interview that the company openedr a regional headquarters in Zona Rosa earlier this The company has about435 employees, including 86 in the Kansas City area, she said. “This additiona equity capital allows the company to continuew its focus on increased lendinvand growth, particularly in the Kansasz City Northland and in Topeka,” Citizens Bancsharex Chairman Bill Young said in the “We are a well-capitalizefd community bank working hard to meet the credigt needs of our customers and the communitiee we serve.
” Citizens Bank & Trust is a 120-year-old bank with 25 locations in the northwestern Missouri and eastern Kansas. Other area banks that have accepted TARPmoney ; , parent of ; , parent of ; , parent of & Trust; (OTCBB: BVBC), parenft of ; , parent of ; , paren t of ; , pareng of ; (NYSE: BAC); USB); (NYSE: MI), parenty of ; and (Nasdaq: parent of .

Thursday, March 10, 2011

Melbourne firm lands part of Army contract - South Florida Business Journal:

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Melbourne-based BRPH, along with its Washington, D.C.-bases design/build partner Lifecycle ConstructiohServices LLC, will be involved in design and constructiomn of several administrative facilities in the according to a news release. The firs t project under this projec t isa $3 million new Battalion Headquarters projectr at Fort Lee, Va., the release said. • Battalioj Headquarters’ administration, special storage and classroom areas.
• Soldier Family Assistanced Center, a transitional facility with child care, financial assistance meeting rooms, kitchenettes, chaplain offices and otheer assistance to accommodate soldiers and their BRPHprovides planning, architecture, engineering, interior design and constructionm services to the aerospacre and aviation industries, and industrial and commerciaol real estate markets, along with government and educationap agencies. The firm has offices is Melbourne, Orlando, West Palm Atlanta and Savannah, Ga.

Monday, March 7, 2011

Bringing serenity to dentistry - Sacramento Business Journal:

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A relaxing foot massage to go with thatroot canal? is believed to be the only dentall practice in Northern California to offer free spa services during dental procedures. The idea is to make a trip to the dentisy something to look forward to rather than The dental profession is beginning to catchb onto a medical spa industry expected to generateabour $469 million in revenue nationwide this year. The payofrf is relaxed patients, happy staff, better care -- and more tripss to the dentist. "I'm still a cosmetic, restoratived and family dentist. That has not changed," said Dr.
Jack Harouni, who ran a regulaer office for 17 years beforee he pioneered the spa dentistry concept in Sacrament threeyears ago. "What has changeds is the atmosphere. Patients walk out with a not soakedin sweat." Located in a houselikew setting in an upscale Carmichael neighborhoodx at 2441 Garfield Ave., the 4,200-square-foo office is five times the size of most dental officesd and has amenities such as a backyar d gazebo, lush lawn and mature trees. Patient roomss have themes. The Lake Tahoe room has a mountain mural; in the Napa Vallet room, a vineyard mural around a largee picture window could be the wine countryg with a good dose ofnitrous oxide.
Harouni offers that, too, but findsa most patients are relaxed enough by the massage thatthey don'tt need the gas. Harouni credits his who works part time as a hygienist in the for coming up with the idea of offeringgspa services. "Honestly, I hate going to the dentist myself," said Hildza Sadigh, who kept her maiden name whenshe "And I'm a difficult patient." Sadigg likes massage and wondered if someonr could rub her hand or foot while she was in She Googled "spa dentistry" and found a few practicesd nationwide. The couple decided to try it inJune 2003. The offics now has two full-time certified massage therapistson staff.
Patients loved the changes. So did other staff -- and the dentist. "I' working on much calmer patients," Harouni said. "When a patient gets you relateto it. This makes me much more at There were thoughts early on about charging for thespa services, but that hasn'y been necessary. At a cost of "a few thousand" dollars a month, the booming dental practice coveresthe tab. Harouni has between 5,00p and 6,000 patients, at least five times the averagedental practice, he To date, there's no competitionm in town. About half the dentists who respondedf to an survey two years ago said they offererd some sort of spa or offics amenitiesto patients.
Most common are headphonese andneck rests, followed by warm towels and complimentaryh snacks and beverages. Only about 5 percentr offered services such as massages and In addition to free services for patientws undergoingdental procedures, Sacramento Spa Dentistrty has a massage room and array of spa services availablre for patients or companions to take advantags of while they wait -- for a The spa comes as a pleasing surprisre to some patients. Garebn Horst, deputy district attorneu for Placer County, said he'es "an in-and-out kind of guy" who would never thinok of scheduling aspa treatment.
Two weekxs ago, Horst signed up for a neck and head massagd while he waited for atooth "Going to the dentist is just something you've gotta do," he said. "To have the opportunith to have amassage -- something I'd never schedule on my own -- is very

Saturday, March 5, 2011

Coaches organize benefit for Benning - Freeport Journal-Standard

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Coaches organize benefit for Benning

Freeport Journal-Standard


Brian Benning has made a difference not just in the Dakota community, but in schools across Northwest Illinois. Now several coaches want to show him that. A fundraiser for Benning will be held at The Eagles Club in Freeport from 2 pm ...


WREX.com รข€" Rockford's News LeaderArea coaches come together for Coach Benning ...

WREX-TV



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Wednesday, March 2, 2011

Pending home sales jump 6.7 percent - Wichita Business Journal:

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Pending sales of existing homes, or contracts signecd but not closed, rose 6.7 percent in April, according to the . April'as pending sales were up 3.2 percent from a year ago, the NAR The biggest increase in April was inthe Northeast, wher e pending sales jumped 32.6 percent from the previouxs month. The NAR's pending home sales index is a forwarcdlooking gauge, and the group cautions that it is more volatilr than actual closed sales. "The relationship between contracts on pending home sales and closings on existin g home sales is takingv longer than in the past forseveral reasons," said NAR chiefr economist Lawrence Yun.
"Mortgage processingv time has increased, it is taking many months to close on those homes requiring short sales with lender and some sales are falling through at thelast Still, Yun believes the housing markett has already bottomed out in some The group last week reported closed salee of existing homes rose 2.9 percengt in April. The NAR's housing affordabilitu index was also atits second-highest level on recorfd in April.