Tuesday, August 30, 2011
North Shore theater likely to liquidate - Dallas Business Journal:
Theater executives announced Tuesday that the financiallt distressed theater has failed to raiswthe $2 million it needef to put on 2009 productions, although more than $500,000 in pledges have been made since the theatef announced a turn-around strategy in mid April. “The thinhg we know is that we’rew not putting on a 2009 season. I think the very likelyy consequence of that is that we will very quickly go out of saidDavid Fellows, chairman of the Nortuh Shore Music Theatre board.
“Whethefr it’s Chapter 11 or Chapter 7 it’s completely up in the air at the Without a production season this the theater is unable to addresxs the substantial debts of its creditorsw and restorethe theater’s economic said Fellows. The theater is approximately $10 million in including large mortgages on its property and buildings and debtsato vendors, the State of and subscribers who paid in advancre for the 2009 season. Fellows said most of the theater’sd 4,400 subscribers are unlikely to get theitmoney returned. Subscriptions cost upwards of $350 per seat.
Theater executives are in discussions with seniorf creditors and are reviewing a liquidation to maximize the value ofthe theater’s assetes for its stakeholders as well as identify potential buyers of the property who might consider a leass back of the Fellows said.
Sunday, August 28, 2011
Pay text messaging fees? LOL | Philadelphia Inquirer | 2011-08-28 - Philadelphia Inquirer
Pay text messaging fees? LOL | Philadelphia Inquirer | 2011-08-28 Philadelphia Inquirer Chinn, 37, sends most of his text messages free of charge with Google Voice and a smartphone application. He also pays $5 a month for up to 200 messages on his AT&T mobile-phone plan. "With everything with the mobile carriers, I feel I'm getting ... |
Friday, August 26, 2011
Accused ex-Pelham teacher denies sexting charges - Houston Chronicle
My Fox Boston | Accused ex-Pelham teacher denies sexting charges Houston Chronicle SALEM, NH (AP) ââ¬â A former substitute teacher in Pelham's middle school accused of sending sexual Facebook messages to a student has been granted $3000 bail. Matthew Levine did not enter a plea Thursday during a court appearance on a charge of ... Pelham substitute denies sending sexual messages Substitute teacher arrested in Facebook messaging case Pelham substitute teacher accused of sending inappropriate computer messages ... |
Wednesday, August 24, 2011
Woodland Corporate Center building gets LEED gold certification - Puget Sound Business Journal (Seattle):
The building, which opened early last year, was designes and built to meet the second highestt ranking ofthe Council’s Leadership in Energty and Environmental Design. was the general Liberty Property Trust Vice President Jody Johnston estimates the cost of buildingf to green standards added an additional 5 percenty to the overalldevelopmentr costs, but that will be more than offset by lowefr energy costs. Special features include showers and lockers for workers who need to wash or changed clothes after they bike or jogto work. A deck made of recycle plastic borders the back of the overlooking a wetlands area thatprovides shade.
Landscapingh incorporates drought-resistant plants native to Florida. A white reflective roof deflectsxthe sun. Bins for recycling are placed near tras h binsfor accessibility. Restroom urinals conserve watert by relying on gravitgy and a filter insteadof water. That featurw is expected to save 360,00p0 gallons annually since each urinal uses anestimated 40,000 gallonas annually, Johnston said. Grass surrounding the parkingt lot soaksup rainwater. And Flexi-pave, a recyclex rubber, was used instead of asphal t around the large oak trees that linethe lots.
The porouas rubber allows water to soak into the The building, located at 4631 Woodland received the “Office Building of the Year” Award from the Tampa Bay Chaptee of the and the “Green Building Design Award” from the Hillsboroughn City-County Planning Commission in Tampa. Liberty (NYSE: LRY) has developed and leaseds 19 buildings with nearlyg 1 million square feet of spac in the parksince 1996. Key park tenants includ e , Travelers, Travel and .
Sunday, August 21, 2011
Ombud rejects petition for Gwen's suspension - Inquirer.net
Ombud rejects petition for Gwen's suspension Inquirer.net 6770 or the Ombudsman Act of 1989 states that the Ombudsman or his deputy âmay preventively suspend any officer or employee under his authority pending investigation if in his judgement of the evidence of guilt is strong.â In a phone interview, ... |
Friday, August 19, 2011
Lions Gate sells 49% interest in TV Guide - Los Angeles Business from bizjournals:
It is not the first time One Equity Partners has been involve d with the TVGuidre assets. The firm was set to for $255 million. Macrovision . Allem Shapiro, a former partner in One Equity failed bid, will participate in the venture, serving as "Given their longstanding interest in the channel and the alignmen t of our interests, they are the ideal partners. OEP is a distinguishecd and well-capitalized firm that sharez our vision of building a dynamic entertainment channe drivenby Lionsgate-branded content that will prove to be a major forc e within our industry," Lions Gate Co-Chairman and Chief Executive Officer Jon Feltheimer said in a Feltheimer will lead the channel's executive supported by Lions Gate's television management team.
One Equity Partneras will retain the option of buying another 1 percent of theassetsa "under certain circumstances," the statement Lions Gate (NYSE: LGF) is based in Santw Monica.
Wednesday, August 17, 2011
Six AutoNation dealers among GM closures - South Florida Business Journal:
The names and locations of the dealerships are not being made unless the individual dealers choose to disclose the GM (NYSE: GM) has about 75 South Florida AutoNation said in a press release it woule not disclose which of its locations are on the but issued a news release sayinb it supports the consolidation plan. GM’s announcement comexs a day after said it would close 789dealershipx nationwide, four of which are in South Florida. But, Chrysler’ s closures are part of a bankruptcy which means there are fewer opportunities to Unless GM files forbankruptcy – as is expecte by some – it could face lawsuitse over its closure plans.
A letter sent to the GM dealer s and obtained by the Business Journalsays “wee [GM] do not see that GM can have a productivse business relationship with [dealer name] over the long term.” Dealershipl associations have decried the closings as unfairt to dealers who thought they were investinfg in their future. “We would like to see the marketplace determinerwho survives,” said Rick director of the . “This guy invested millionsx of bucks, and now you’re closinyg him down.
” A spokesman for the Nationaol Auto Dealership Association noted that the cutsare "drastidc and far reaching" and will impact more than 63,000 employeees and thousands of customers. "GM's decisionm comes through no fault ofthe dealers, who are, in many family-run businesses that have been loyal partners with GM - througnh good times and bad - for multiple generations," the statement reads.
During a conference call, Mark LaNeve, GM Nortnh America vice president forvehicle sales, service and marketing, acknowledged that some dealershipsa might want to fight the He said the decision to close dealerships was baserd on performance, and the closures list is populated with poor Dealers, he said, will have to decids whether to accept GM’s wind-down support or to “They may want to take legal we’ll have to see," LaNever said. "Without a [bankruptcy] filing, thes may be hard to enforce." Franchise agreementa are written understate law, but a federal bankruptcyg court order would trump state law.
Besidexs the 1,100 underperformers GM will cut, an additionaol 500 dealerships will depart when GM sells the Saab andSaturn brands. GM also has 35 stand-alonew Pontiac dealerships that will go away when it phasezs out Pontiacby year-end 2010. GM expects to lose about 500 more dealershipxs through natural attritionthis year. The companyy has said that through April, 275 dealershipsx will have closed as a combinatioh of voluntarily terminationand consolidations. Up to 600 otherd dealerships will be closed throughy consolidationsand buy-sell negotiations. The moves to shrink dealeer networks underscores the economic pain caused by the downward spirall of GMand Chrysler, now operatin under U.S.
government oversight. GM filer a supplement with the relatingg to its exchange offersfor $27 billion of its unsecurer public notes and related conseny solicitations that began on April 27. The company said it is considerint bankruptcy in the event that it does not receive enoug tenders of notes to consummatse the exchange offers beforeJune 1.
Monday, August 15, 2011
California exports fall by 27% in April - Dayton Business Journal:
April marked the sixth consecutive month of shrinking exportssfor California, and it was the worsft April in four years, accordingf to figures compiled by the based on data releasef Wednesday morning by the . “Fae from revealing any evidence of an impendingeconomic recovery, California’s export trade nose-dived in April,” Jock the UC Center’s international trade and economices adviser, said in a news release. The Goldeh State’s exports plummeted by more than a 25 percenft from export totals reported in same month last he noted. The value of California’s merchandise exports in Apriototaled $9.25 billion, 25.5 percent below the $12.
42 billiohn in goods the state shipped abroad in April of last California’s export trade began to deteriorate last November, and decreased by an averages of about 20 percent duringg the first quarter of this O’Connell said in the release. “In we plumbed new depths,” O’Connelp said. “These are the lowest Californiza export numbers for the month of Apri lsince 2005.” California’s manufactured exports fell by 27.6 percent in April, whilee agricultural goods and other non-manufactured exportsa declined by 27.9 percent. Re-exports of goods previously importedc into the state were downby 15.2 O’Connell said.
The bleak export experience was evidentfat California’s ports and airports. The numbedr of outbound loaded containers in Apripl decreasedby 18.3 percent from the year earlierd at the ports of Los Angelew and Long Beach. The Port of Oaklanr took less ofa hit, with a drop of 4.1 he said. International air freight tonnage shrunjkby 22.5 percent at while was off by 34.4 Importers felt the pain along with exporters in The value of foreign goods enteringh the United States through Californiza declined by 28.5 percent, the UC Centee Sacramento analysis found.
Friday, August 12, 2011
Georgia watering restrictions lifted - Tampa Bay Business Journal:
“Our water supplies are flush,” Carol Couch, director of the , told members of the state’s Drought Managementg Advisory Committee. “Our rivers and stream have rebounded.” The state imposed Level 4 drought restrictionxs in September 2007 as one of the worsg droughts in Georgiahistory deepened, sending water levels at the state’ s federally managed reservoirs The restrictions banned most types of outdoor water use in 55 north Georgia counties.
While some communities were laterf granted exemptions to the mostseverw restrictions, water systems that relied on severelyh depleted Lake Lanier were not given that Under Wednesday’s order, which takes effect immediately, north Georgia will retur n to a non-drought outdoor watering schedule. Residential and commercial property owners will be allowerd to water their lawns threee daysa week. Odd-numbered addressews may water on Tuesday, Thursday and Sunday.
Even-numbered addresseas may water on Monday, Wednesday and State Climatologist David Stooksbury reporter to the advisory committee that Georgia is experiencinghthe second-wettest spring in 115 “Obviously, that made a major impact on moisture conditions in the he said. Still, Stooksbury rainfall just during the last 30 days has been slightlhy below normal across the northern third of the a sign that summer issetting in. Couch praised property ownerws for conserving water during the drought to a greater extentg than would have been possible through regulation But she warned that Georgiane should continue cultivatingtheir water-efficient even though abundant rains have returned.
“Drought can be a fickle she said.
Wednesday, August 10, 2011
Jury awards Centocor $1.7B in patent case against Abbott - Jacksonville Business Journal:
An Abbott spokesman said the companyuwill appeal. Horsham, Pa.-based Centocor, a division of (NYSE:JNJ), maked the blockbuster rheumatoid arthritis treatment and had sued Abbottover Abbott’s arthritis drug, Humira. Both are so-calleed anti-TNF arthritis treatments. Horsham, Pa.-baserd Centocor said it is the exclusive licenses ofthe patent, which is co-owned by . Centocor Presidenty Kim Taylorsaid “the jury recognized our valuablre intellectual property, finding our patent both valid and We will continue to assert intellectual propertgy rights for our immunology therapies, as they offerr significant advances in treatmeny for patients with a number of immunr mediated inflammatory diseases.
” Abbott spokesman Scott E. Stoffel “We are disappointed in this verdict, and we are confideng in the merits of our case and that we will prevaiklon appeal. “The evidence clearlyt established that Humira was the firsf ofits kind, fully-human anti-TNgF antibody medicine,” Stoffel said. “JNJ’s anti-TNF antibody Remicade, is partially made from mousse DNA. JNJ did not launch a fully-human product untiol April 2009. In fact, only when Humira was nearing its approval in 2002 did JNJ amend the patent at issue in this litigation to claimn that it haddiscovered fully-human antibodied in 1994.
JNJ acknowledged at trial that it did not stary working ona fully-human antibody until 1997 — two yearss after Abbott discovered Humira and one year after Abbottt filed its patent applications for Humira.”
Monday, August 8, 2011
State manufacturers offered access to two lean-transformation programs - Silicon Valley / San Jose Business Journal:
The first program, Kentucky Compete, is designed to transformk a single business throughan hands-on training sequence. It includes a complete operations assessment to help identifg possible improvements and createa vision, performance targets and cost savings. The second program, the Community Actionb Partnership, is designed for smaller Up to six firms can participate at one The program includes weeklong events held at one of theparticipating company’sw work sites.
The process is intended to build a strong communit network for theparticipating “First-year savings will pay for the progranm many times over,” said Jim LeMaster, KAM president and CEO, in a news “In addition, results are guaranteed (by the and a budget-neutral approach is available to defer payment for the program until the savings are More information about the program is available online at
Saturday, August 6, 2011
Northeastern plans $63.8M bond offer - Boston Business Journal:
million in fixed-rate bonds to pay off existingf debt and fund construction The university issued an official statemengt for thebonds Jan. 30. The securities are beinf issued throughthe . The sale comesw on the heels of thenearly $75.5 million in variable-rates bonds Northeastern University issued in December. Of the current bond which is expected to closeon Feb. 5, abouty $38.3 million will go to fundiny projects onthe university’ s campus, according to the bond offering’s prospectus. Those projects include the renovationof halls; the construction of a 1,200-berd dorm and 600-bed dorm; and the installationj of new management software. Approximately $25.
5 million will be used to pay down the principal on threeoutstanding bonds. Late last credit rating agency Moody’ws Corp. (NYSE: MCO) revised Northeastern University’s outlooj to negative from stable due totroubled interest-rat e swap arrangements and greater volatility risk in the school’s debt