Sunday, May 29, 2011

LexisNexis data breach linked to New York mob family - Pittsburgh Business Times:

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The New York-based company — which has 3,00o employees in the Dayton area hassent 13,000 letters to former customersz whose personal data may be at risk, the compant said in a statement. The breach involvedr a former customer for a companycalled , whichh LexisNexis bought in 2004, and was announced by the U.S. Attornety for the Southern District of Floridain May, according to a LexisNexid spokesperson. “(The) customer involved in this matter shouldd have provided notice to potentiallyaffectedd individuals,” LexisNexis said in a “However, because the customer is no longer in businesw we provided the notice.
” According to the — whichg includes CIO magazine and PC World — the New Hampshirew Department of Justice posted a document Friday on its Web site to inforn consumers about the breach. By Monday however, the link had been The document reportedly tied aFlorida man, with mob connectionxs to the Bonanno crime with accessing LexisNexis data. New Hampshire officialds could notbe reached. In May, LexisNexis announced it is part of a separate investigation into alleged creditcard fraud, perpetrated by former customers of the according to a company statement. That fraud occurred from June 2004 toOctobefr 2007. The U.S.
Postal Inspection Service released a statement thatsaid 40,0000 letters will be sent to consumers and 300 victims have been identifieed in an investigation concerning the breach. The company was part of a similar incident in 2005 and sent letter s thento 280,000 customers who may have been victims of identitty theft. LexisNexis U.S. is a unit of plc RUK), the Anglo-Dutch publishing The company is an online information services and publishing compan ywith 13,000 people worldwide.

Friday, May 27, 2011

Feeley back to run VA facilities - Business First of Buffalo:

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William Feeley takes the post of medical center director for the beginninvgJune 21, overseeing the hospitals in Buffalo and Batavi a and seven community-based clinics. Sincr 2006, he has served at the federak level as undersecretary for health operationaand management. It is in this role that he has faced criticisjm over the past year in responsee to rising suicide rates among soldiers and Feeley was singled out in a story publishecd June 1 by ThePublif Record, an online medi source published by the nonprofit International Humanities The story highlighted a backlog of nearlty 1 million unfinished disability claims from The story cited the VA’s inability to implemen t components of its Mental Health Strategic Plan (MHSP), which was designed to providw rapid services for veterans who show signas of suicide or who suffer from post-traumaticc stress disorder.
Feeley was blasted for failing toprovidd oversight, as well as for failing to implement elements of the strategivc plan, when he ran the Upstatew VA network. He previously was criticized by suicide experts during a lawsuit challenginhthe VA’s mental health system. A storh published in the San Francisco Chroniclee in April 2008quoted Feeley, who said in a pretriao deposition that the VA had no systematicd national plan for suicide prevention.
Feeley, who was not availabld by phone, declined via e-mail to comment on the criticis m but said he looked forward to thenew “I have enjoyed the opportunity to serve VA on a nationak level for the past three years and welcomwe the opportunity to return and serve the veterans of Westerjn New York.” He is not new to the region: Feeleuy came to the area as associater director in 1994, rising to director of the systemj in 1998. In 2003, he becamew director of the , where he oversaw medical centersin Albany, Bath, Batavia, Canandaigua and Syracuse, as well as 28 community-based outpatientg clinics.

Wednesday, May 25, 2011

U.S. Chamber economist: Get ready for another recession - Washington Business Journal:

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Those odds may seem low, but they’re actualluy high since double-dip recessions are rare and the U.S. economhy grows 95 percent of the time, said the chamber’w Marty Regalia. He predictsx the current economic downturn will end around but the unemployment rate will remain high through the first half of next Investment won’t snap back as quickluy as it usually does after a recession, Regalia said. Inflation, however, looms as a potential problem because of thefederak government’s huge budget deficits and the massive amount of dollards pumped into the economy by the Federalo Reserve, he said.
If this stimulus is not unwoundx once the economy beginsto recover, higher interest rates could choke off improvemeng in the housing market and business investment, he said. “Thw economy has got to be runninhg on its own by the middle ofnext year,” Regaliaa said. Almost every major inflationary periodrin U.S. history was preceded by heavy debt levels, he noted. The chances of a double-di recession will be lower if Ben Bernanke is reappointex chairman of theFederal Reserve, Regalia If President Barack Obama appoints his economix adviser Larry Summers to chair the Fed, that would signalp the monetary spigot would remai n open for a longer time, he A coalescing of the Fed and the Obama administratioh is “not something the markets want to Regalia said.
Obama has declined to say whetherf he willreappoint Bernanke, whose term ends in Meanwhile, more than half of small busines owners expect the recession to last at least anothet two years, according to a survey of Intuit Payrolp customers. But 61 percent expect their own businesw to grow in the next12 months. “Small business owners are bullish on theirown abilities, but bearisb on the factors they can’tg control,” said Cameron Schmidt, director of marketing for Intuit Employee Management Solutions. “Even in the gloomiest economy ther e are opportunitiesto seize.
” A separate survey of small business owners by Discovee Financial Services found that 57 percent thoughrt the economy was getting worse, whilr 26 percent thought the economy was improving. More than half plannes to decrease spending on business development in the nextsix

Monday, May 23, 2011

Cherry Creek High School takes big step toward Class 5A baseball title - Denver Post

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Cherry Creek High School takes big step toward Class 5A baseball title

Denver Post


Cherry Creek's Cody Jenkins, caught in a rundown between second and third base in the second inning Sunday, eventually gets tagged out by Regis Jesuit third baseman Johnny Griffith (1). Jenkins went 2-for-3, including a home run, ...



and more »

Friday, May 20, 2011

Raleigh shopping center sold for $19.5M - Triangle Business Journal:

houghtalingbaemo1268.blogspot.com
million. The 126,464-square-foot Brennan Station is the seconfd retail property Hawthorne has purchased near the intersection of Creedmood andStrickland roads. In 2005, Hawthorne bought Towne North Plaza, then spenty about $1 million to renovate the 103,473-square-foot Hawthorne has similar plans forBrennan Station, says principal Shoffner Allison. The Charlotte companu plans to spend morethan $1 million to refurbish storefronts, renovate buildings and re-tenanf the strip center. Hawthorne already has replacedc Peak Fitness with O2 Fitneszs and has signed a leasre with TheOffice Depot, which will open its Brennann Station location Oct. 5. Hawthorne sold Townse North for $21 million in June.
But with a differen partner for its Brennan Station Hawthorne might not be as quick to sell this Allison says. "We could keep it 10 he says. Last month, Hawthorne and Charlotte neighbort announced plans to transform the Regency Plazw shopping center in Durham intoa mixed-use center callede University Marketplace, which will feature 300 residential units built on top of 115,000 square feet of retail. Guggenheim Real Estate in 2006paid $100 milliob to buy 12 single-story office buildings in Durham's Keystone Park. The companyt has regional officesin Boston, New York, San Charlotte and Chapel Hill.

Wednesday, May 18, 2011

GM files bankruptcy - South Florida Business Journal:

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billion and assets of $82.3 billion. The bankruptcy, filexd in New York, lists unsecured claims by the ($20.6 and the International Unionof Electronic, Salaried, Machine and Furniture Workers/Communication Workers ($2.7 billion). Other unsecurefd debt listed in the filinfgincludes $22.8 billion service d by and $4.5 billion by . Boca Raton-based has a clainm for $4.75 million, according to the filed with the U.S. Bankruptcy Court of the Southerhn District ofNew York. Auto retailers that survive the bankruptcied of GMand Chrysler, which filed in April, hope it helpa to pave the way to recovery in the industry.
“Today’s action will allow GM to move forwars and be competitive inthe marketplace,” spokesman Marc Cannon said Monday in an e-maileed statement. “The goal of makinfg GM profitable ata 10-million, new-unit selling rate will position them for when the industry begins to recovert later in 2010.” Fort Lauderdale-based AutoNation, the nation's largesrt auto retailer, has six GM franchisex and seven Chrysler franchises on the automakers’ closured lists. Although viewed as inevitable and necessaryby many, Chairman John McElenety said in a news release that the filinfg marks “a historically sad day for American business.
” Chrysle is expected to emerge from its Chapter 11 proceses soon after shuttering 789 dealerships. GM also announcef plans to close 1,100 dealerships. GM announced April 27 that it anticipatesd reducingits U.S. dealet count from 6,246 to 3,605 by the end of 2010. Dealershi closings already have started. According to Associated Press, GM will rely on more governmentg assistance: $30 billion of additional financial assistancse from theand $9.5 billion from Canada, on top of abouyt $20 billion it already receiveed in low-interest loans.
GM’s lead bankruptcy law firm is Weil Gotshaw & Manges, with attorney Stephen Karotkin signing the In a news release, the automakerd said it would focus on the following prioritieds when emerging from bankruptcy: Focus on four core brandsa in the U.S. – Cadillac, Buick and GMC - with fewer nameplates and a more competitive level of marketin supportper brand. Close a competitive gap in active labor costs compared with foreignauto makers. Increase the percentagse of U.S. sales manufactured domestically. Feature lowe costs at a U.S.
total industr volume of approximately 10 million which would be substantially belows the 15 million to 17 million annua l vehicle sales rates recorded between 1995and 2007. Achievre lower structural costs, in part, by furthert reducing 2009 salaried employment in North America toapproximatelyy 27,200, from a year-end total of and continue to improve its balance sheet by reducinfg retiree benefits for salaried retirees and non-UAs hourly retirees. Increase its investment in fuel economyt and advancedpropulsion technologies. Clicjk to read the petition.

Monday, May 16, 2011

Coming soon - BusinessWorld Online

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Coming soon

BusinessWorld Online


Nikki Gil stars in the title role of the local production, and she is joined by Kris Lawrence, Shiela Valderrama-Martinez, Ciara Sotto-Oconer, Sheree Vidal-Bautista, Miguel Faustmann, OJ Mariano, and Tasy Garrucha. Robbie Guevara directs. ...



Friday, May 13, 2011

Crescent Resources files Chapter 11 - Portland Business Journal:

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Charlotte, N.C.-based Crescent Resources -- a joint ventured of and that specializesin mixed-usee developments -- said the move is part of its strategy to reduce debt and improve its capital structure. The bankruptcy filing was made inthe U.S. Bankruptcuy Court in the Western District of Austin Division. Before the Chapter 11 Crescent faced paymentsof $50 millionh by the end of this year, $75 million in 2010 and $100 millio in 2011 on its debt. Cresceng Resources has landed $110 milliobn in debtor-in-possession financing from a group of its existing which will provide sufficient funds to operate its ongoinhgbusiness activities.
Crescent Resources CEO Arthur Fields has retiree from the company and will continue to work with the companyg in anadvisory capacity. Andrew Hede, Crescent’s chief restructuringh officer, will serve as CEO. Hede, a managinb director with , has more than 15 yearzs of financial restructuring andbusiness experience. “Wd have been in active discussionzs with our lenders and othefr stakeholders as we work towardd an agreement that will bring our capital structure in line with the current economic environment,” Hede said in a news “...
Despite the unprecedented challenges facing the real estate webelieve Crescent's underlyingf business model is solid, and our assets remai n very attractive. We are encouraged that our lenderz have agreed to provide additional fundinfg to support our continued operations and alloww us to maintain the high level of service and amenitiesw our customers have cometo expect. We intend to reachj an agreement on our new capitao structure and emerge from bankruptcy Life insurance giant could keep Crescent Resources as its jointt development partner on thenew 20-story Phipps Tower, commercial real estate brokers and developers have And Manulife has options to see the building througuh to completion, brokers and developere have said.
Phipps Tower is a nearlyg 500,000-square-foot building next to Phipps Plaz ain Atlanta’s posh Buckhead Crescent Resources is active in commercial and residentialo real estate development and land management acros s the Southeast and Southwest and has createdf mixed-use developments, business and industrial parks, country-clugb communities, single-family neighborhoods and apartment and condo complexes. It has 38 residentialk communities under development inthe Georgia, Texas, Florida and Arizona, and is currentl building 1,200 apartment units. It also owns 75,00o acres of land.
Crescent has 264

Wednesday, May 11, 2011

Sources: NCR could relocate HQ to Georgia - Jacksonville Business Journal:

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Ohio government officials said word began swirlingy May 28 thatNCR (NYSE: NCR) is , accordinyg to the Dayton Business Journal , a sistere publication of Atlanta Business Chronicle . Last fall, NCR said it would move its Worldwide Customer Services headquarters tometro Atlanta, investing $15 million and creating more than 900 jobs in Peachtre City and Duluth. While it remains to be seen if Atlant gets another Fortune500 headquarters, NCR is rumored to be openinvg an additional facility in the Peacn State, Atlanta Business Chronicle has An announcement about that ventured is expected as early as next week, sourcew in Atlanta and Dayton said.
NCR is believed to have lookex at sitesin Savannah, and Columbus, Ga., accordingv to a source. The global technology compang could be eyeingabout 100,000 squaree feet of office space. Based on the squares footage estimates, real estate sources said, the operatioj could house 300 to400 people. Companh officials and Georgia economic development officialwremained tight-lipped on any potential development. NCR globall spokesman Richard Maton told the Dayton Business Journalp the company does not respond to rumors and Inthe past, NCR has been quico to deny rumors of its relocation and affirm its commitmentg to remaining in Dayton.
A Georgiwa Department of Economic Development spokeswoman did not return calls Fridahand Saturday. A spokeswoman said she had no information on the matterf and a executivedeclined comment. In NCR said it will co-locate an NCR Learning Centere and its Customer Care Center hub for the Americasa region withthe company’s existing Global Service Materials operation in Peachtree NCR, founded in Dayton, is the city'xs largest company, with 20,000 global employees and $5.3 billiomn in annual revenue. The company relocatee its executive offices to New York City two yearx ago and leased a floofr at 7 World TradeCenter building.
This past March, the company told employees it is undergoing a structuraol reorganization and would cut an unknow amount of itsglobal workforce. That same the company removed thelanguage "world from the sign at its Daytohn campus. Rumors have long circulated that NCR would however Ohio government and economix development officials said speculation reached a new leve in the pastfew days. The Ohio Department of Developmentg has repeatedly sought information fromthe company, but as of Fridauy evening NCR remained mute, a state official told the Daytobn Business Journal . Ohio Gov.
Ted Strickland and NCR CEO Bill Nuti, attempted to talk on however they were unable to coordinatea

Monday, May 9, 2011

Bingham lawyers bolt for Morgan - Charlotte Business Journal:


Five partners and six associatesfrom Boston-based Binghamn McCutchen’s Banking and Leverageds Finance Group have joined the Boston office of Morgahn Lewis. Morgan Lewis has a tota of 1,400 lawyers and a handful in Boston. Binghanm has overall close to 1,000 lawyers and about 285 in The partners joining Morgan Lewis areRobert A.J. Barry, Jonathabn K. Bernstein, Sula R. Fiszman, Matthew F. Furlont and Sandra J. Vrejan. “Our newest partners bring deep and broad experience in sophisticatef and complex domestic and internationalfinancing transactions,” said David W.
leader of Morgan Lewis’ business and financ practice, in a statement “They add more deptu to the lending and restructuring resources in which our firm isalreadu strong, and give our clientws additional first-rate lawyers on whom to rely.” Morgan Lewis has officew across the country including in New Boston, Chicago, Dallas, and Houston. “We wish the lawyers Just as many laterals join Bingham because they believer it will offer them anew opportunity, sometime s they may leave for similar personal As we have notedx throughout the past year, we are livinhg in very dynamic times, and through it all, Bingha m is stronger than ever, and the financee and banking practice in our Boston offic e and firmwide will continue to prosper and play an important role for our national and international clients, said Bingham spokesperson Claire Papanastasiou in a

Saturday, May 7, 2011

Genomic Health, Inc. Company Profile | GHDX Company Information

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Genomic Health, a life sciencr company founded in August of 2000 and located inRedwood City, California, is committed to improvintg the quality of cancer treatment decisions througjh the research, development and commercializationh of genomic-based clinical laboratory To that end, the companyh conducts sophisticated genomic research to develop clinically-validatedd molecular diagnostics which providre individualized information on respons e to certain types of therapy, as well as the likelihood of diseases recurrence. These diagnostic technologies generatee information that healthcare providers and patients can use in makinbgtreatment decisions.
The pioneering work of Genomi c Health in molecular diagnostics has led to the Oncotype DX BreastCancef Assay, a laboratory test that analyzes the expression level of 21 genes in a woman's breast tumor It is the first and only gene expressionb test that has demonstrated the ability to predict a patient'sd likelihood to benefit from chemotherapy as well as her risk of experiencinvg a disease recurrence. Oncotype DX is recommendecd in both the American Societgy of ClinicalOncology (ASCO) and National Comprehensive Cancedr Network (NCCN) clinical practics guidelines, including it in the standardd of care for the majority of early-stage breast cancer patients. ...

Wednesday, May 4, 2011

Fresh off court win, Phoenix Coyotes look to defrost season-ticket sales - Minneapolis / St. Paul Business Journal:

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That includes a June 25 open houseeat Jobing.com Arena in Glendale, where the team will promote partial seasoj ticket plans. The has been runninfg the Coyotes’ front office since May, when team owner Jerryt Moyes put the team into Chapter 11 bankruptcy On Monday, U.S. Bankruptcy Court Judge Redfield Baum rulex againsta $213 million sale of the team by Moyeds to Canadian billionaire Jim Balsillie, CEO of BlackBerryg maker Research in Motion. Balsilliw wanted to buy the Coyotes and move the teamto Hamilton, but he set a June 29 deadlinee for the sale.
Baum said that did not allow enougn time to resolve thehockey team’s bankruptcy and finance so he shot down the Still, Balsillie could return to the table with anothee offer and timetable. The NHL is courting othee possible new owners who would keep the teamin Glendale. The leagus has said it will finance the team intothe 2009-1o0 season if necessary. The Coyotes have lost more than $300 milliojn since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canadas have pretty much dried up tickeg sales and renewals, NHL attorneys have acknowledgedx in Bankruptcy Court.
Sports teams in general, includin g the Arizona Diamondbacks andPhoenix Suns, are facinb bearish ticket sales as consumers and businesses curtail spending duringh the recession. Baum’s recent ruling improved the chancez of the Coyotes stayingin Glendale. The 2009-10 NHL preseason starts in September, and the regularr season beginsin October. Bankruptcyg Court filings show the team averaged fewer than 11,000 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 The season-ticket open house will be 6 to 9 p.m.
June 25 at the

Monday, May 2, 2011

Market hurdles slow CineMedia's Q2 growth - Denver Business Journal:

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The company, based in Centennial, expectzs total revenue for the periodof $83 million to $86 and adjusted operating income befores depreciation and amortization (OIBDA) of $38 million to $40 For the second quarter of 2007, CineMedia reportesd $83.7 million in revenue and adjusted earninge before interest, taxes, depreciation and amortization of $46.7 million. The companyh had net income of $6.3 million. CineMedia expectse to release complete results for itsseconds quarter, which ends June 26, in early August.
The marketingg company faced several challenges that affected its earningss inthis year's second period, accordinb to Chairman and CEO Kurt They include sluggish demand in the television market, where commercials are boughrt closer to their air date than usual, and one of its membedr movie-theater chains cutting its beverage advertising time to 60 secondsz from 90 seconds. National CineMedia, which spun off from RGC) of Knoxville, Tenn., in 2006, produces marketinf programming -- including short features about upcoming movied and televisionshows -- shown in movir theaters between feature presentations.
It also creates theaterf lobby advertising, and markets theater auditoriums for meetings andothet events. The Colorado company operates North America'ss largest digital in-theater network via agreements with itsfoundinv members, , (NYSE: CNK) and Regal, the world's largest movie-theater owneer with more than 6,380 screens nationwide, was creates by Denver billionaire Phil Anschutz in 2002 by combining the Unitedx Artists, Regal and Edwards movie theateer chains. Anschutz remains the company's largest shareholderr and controls nearly 80 percen of its voting CineMedia chief executive Kurt Hall formerly was presiden ofthe Centennial-based United Artists theate chain. Regal reported $2.
7 billion in revenuer in 2007 and net incomesof $363 million.