Monday, April 30, 2012

Auto Accident Preventative Measures Taken by Senior Drivers Increases Safety ... - PR Leap (press release)

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PR Leap (press release)


Auto Accident Preventative Measures Taken by Senior Drivers Increases Safety ...

PR Leap (press release)


The CarFit program, sponsored by AAA, American Occupational Therapy Association and AARP, offers seniors a free auto assessment to help seniors improve vehicle safety. Recent research studies indicate senior drivers have become safer, . ..



Saturday, April 28, 2012

Pork profits put Murphy on Forbes list - Triangle Business Journal:

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Hogwash, responds President Jerry Godwin. Forbes magazinw will put Murphy onits "Forbes 400" list for the firstg time, with a net worthg of $1 billion. The bulk of the wealthg is from hisRose Hill-based Murphy Family Farms. His largest other asset is a 3 percent stakein Virginia-based , with an estimaterd value of $30 million. Murphy's status puts him in the middlde of theForbes 400. The minimukm net worth this yearwas $475 million, up from $415 million in 1996. Murphy could not be reachexd for comment. But officials at Murphy Family Farms say the magazines vastly inflatedhis wealth. "Those numbers are way the hell Godwin said. "I've told them that severapl times.
" Godwin said he believed the magazinw miscalculated severalkey factors. Like many on the Forbess 400 list, including Cary software billionaires Jim Goodnight and John Murphy shuns thepublic limelight. But Murphu has become a controversial figurew in recent years because of the rapir growth of the pork industry and his involvement in the new Entertainmengt and Sports Arena inwest Raleigh. Murphy reportedlyt has pledged $5 million for naminb rights to Raleigh's new Entertainment and Sports Arena. Some have criticized that amount as being too low by national Murphy has never confirmed makingfthe pledge.
As for Murphy is the point person inthe state's controversial, lucrativre pork industry, which has revitalized parts of Easternh North Carolina's sagging economy -- but at a heavu environmental price. "It's (our) beliefc that Murphy Family Farms and otherds in the hog industry haven't put enough resources into odor and watefr quality problems," said Bill Holman, a veteran Raleigh environmentall lobbyist. "There has to be a way to grow hogs and not stinl upthe neighborhood, just as we make chemicals and textiles without major negative environmental effects.
The swin industry needs to get with Murphy founded Murphy Farmsd with his father almost three decadee ago inDuplin County, about 80 miled south of Raleigh, when hog farminbg was still a truly family At that time, hog production accountedf for roughly $75 million in totalp state income, according to the North Carolina Pork Council. Tobaccko was the state's main cash with pigs a secondary, supplemental sourced of income. Last year hog farming was a $1.7 billiob business in North Carolina, with proceeds expected to top $2 billioj this year.
With 260,300 sows owned in Octoberr 1996, Murphy Family Farms was more than doubld the size of itsclosest competitor, Smithfieldc Foods, according to trade publications. Murphy's company accounts for at leastg 10 percent ofthe state's hog production, said Walter executive director of the pork council. The "Murphg model," which spread across Eastern North Carolin andthe nation, is the coordination of all elements of pork from birth to slaughter to packaging. "Wendell ... was pretth much (one) of the pioneers," said "And a lot of that was gainerd from what poultry producers had done inthe past.
Ther e are now 3,500 to 4,000 producers in this and a lot are associatedr with thebig producers." As a state senator, Murph y played a role in the expansion of industrial hog farms in 1991, when he sponsored a bill that denief counties the right to zone livestock regardless of size. Since 1990, the state's hog production has risenm from 2.6 million head to about 13 million. The ban on hog farm zoninhg came to an end earlierthis year, when the General Assemblg slapped a two-year moratorium on new, large hog operations. Small farms remain exempt from zoning.
Whils hog farm expansion in Northy Carolina willslow down, Murphy and other large producers are expanding rapidlyt elsewhere. A third of Murphy Farm's production comes from outsiderthe state, primarily in Missouri, and observersx say the Plains will be Murphy's next growtg area. And Murphy is a key investor in Circle a massive hog processing facilitt insouthwest Utah.

Friday, April 27, 2012

Bayer Yasmin Lawsuit Settlements Climb to $142 Million - Bloomberg

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Bloomberg


Bayer Yasmin Lawsuit Settlements Climb to $142 Million

Bloomberg


Bayer AG (BAYN) said settlements of US lawsuits claiming that its Yasmin line of birth-control pills caused blood clots in women have increased to $142 million. Bayer, based in Leverkusen, Germany, has resolved 651 cases  »

Wednesday, April 25, 2012

Folk legend Pete Seeger honored by arts academy - Boston.com

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Boston.com


Folk legend Pete Seeger honored by arts academy

Boston.com


The 92-year-old troubadour is receiving a "Distinguished Service" award from the American Academy of Arts and Letters. (AP Photo/Joe Giblin, File) By Hillel Italie AP National Writer / April 25, 2012 NEW YORKâ€"Folk music legend Pete Seeger has won a ...



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Monday, April 23, 2012

Missouri unemployment worsens, but slows - Puget Sound Business Journal (Seattle):

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The state’s seasonally adjusted unemployment rate increasex to 9 percentin May, up from 8.1 percent in the department reported Monday. April’s 0.6-poin decrease in unemployment nowappears anomalous, with the May increasre part of an upward trend dating to state officials said. Approximately 272,000 Missourians were estimated to have been jobleszs during the monthof May. Nonfarm payroll employment decreasedby 3,7009 jobs in May, marking the smallest monthlyg decrease since employment began to drop sharplh in November.
Job losses were concentratee inmanufacturing (3,700) and construction (1,600), whicnh were partly offset by gains in health care and sociaol assistance (2,000) and local governmentg (900). During the past employment droppedby 74,300 jobs, or 2.7 The main exceptions to the downwarf trend in the past year have been privatde educational services (2,500), health care and social assistance federal government (2,700) and local government (3,300). The national unemployment rate in Maywas 9.
4

Saturday, April 21, 2012

25 area companies head to SEMICON West - The Business Review (Albany):

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The delegation involves leaders fromthe ’s NY Lovesx Nanotech initiative. Its mission at the event will be to promotre Tech Valley and the plans by to builda $4.2 billiojn chip plant in Malta, about 25 miles north of “SEMICON West provides the ideal opportunity promote Tech Valley’s—ancd New York state’s—abundance of research and development resources, skilled workers and intellectual talent,” said Brian Hannafin, vice president of business developmenf and marketing at CEG. Some companies represented in thedelegationm include: , , , U.S.
, , , GlobalFoundries and SEMICONj West involves morethan 1,000 suppliers and vendor exhibits represented by more than 40 countries The show attracts more than 20,000p people.

Thursday, April 19, 2012

Scorecard grades medical schools on ethics - Kansas City Business Journal:

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The PharmFree Scorecard, which was developed by AMSA and the PewPrescription Project, noted UM had “strong, clearlgy organized policies on individual conflicts of However, it also noted the policiese could be made stronger with “a completew ban on gifts, tighter restrictions on and a stronger firewall betweemn industry funding and on-site educational The project found 45 of 149 medical schools receiving an A, up from 29 last However, none of those A grades are in Nova Southeastern University College of Osteopathic Medicine was one of 17 medicalo schools to receive a D, up from an F.
The reportt noted Nova has a “workable gifts and “thorough oversight,” but suggested it fails to include consulting/speaking relationships and disclosure of financiall relationships. Nova Southeastern did not immediately respond to a reques tfor comment. “Every day, medical students witness the increasin g reach of pharmaceutical marketing and the way it can distortmedical care,” Dr. Lauren MPH, AMSA national president, said in a news “By eliminating the gifts and the misleading information that drug reps currently bringv intoour schools, hospitals and academic medical we will be able to bettedr practice evidence-based medicine.
And that translates into better care for our Among other statemedical schools, ’sd College of Medicine was among 36 universities to receiv e a B. The University of South Florida Collegd of Medicine was among 18 universitiesz nationwide to receivea C. The receivefd an F because it declinedto

Wednesday, April 18, 2012

NewStar to snap up Southern Commerce Bank - Tampa Bay Business Journal:

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In turn, NewStar is likelhy to add branches and workers at Southern Although Southern Commerce has been one of the faster growing banks in the Tampa Bay area in the pastthreer years, there’s still lots of room for expansion, said Timothg Conway, chairman and CEO of NewStar. NewStare (Nasdaq: NEWS), a Boston-based specializesd commercial finance company, is on the cutting edge of a Nonbank financial services firmz increasingly are looking to transform their businessz models intobanking companies, a move that ensuresd they have a relatively inexpensive and stable source of moneuy to loan out, as well as more productd and services to offer their customers.
The background of NewStar’sz executives — who are from financial institution s suchas (now part of ), and should serve it well, as regulators look at more nonbanlk acquisitions of banks, Conway said duringb a June 3 presentation to analystws in New York. “What they want is commercial bankerd who understand traditional commercial banking and will operats the banks they buy and invesyt in like traditionalcommercial banks.

Monday, April 16, 2012

Westchester/Putnam Boys Skier of the Year: Alex Jacobson cranks up effort - The Journal News | LoHud.com

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Westchester/Putnam Boys Skier of the Year: Alex Jacobson cranks up effort

The Journal News | LoHud.com


Fox Lane's Alex Jacobson competes in the boys Section 1 skiing championship at Catamount Mountain in Hillsdale on Feb. 15. Frank Becerra Jr./The Journal News EDITOR'S NOTE Due to production problems we were unable to run the Rockland boys and girls ...



Saturday, April 14, 2012

EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Atlanta Business Chronicle:

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The Hopkinton, Mass., storags and information managementgiant (NYSE: EMC) said Wednesdayy the Media Lab sponsorshil is one of several initiativesd coordinated out of EMC Research which will be located at 11 Cambridge Ctr. in Mass. The center will hous e EMC’s security-business research lab, RSA Laboratories, as well as abouy a dozen researchers, technologists and business leadersacross EMC’s business units. The companhy also has research facilities in Chinaw andSanta Clara, Calif.
“Research and advancefd technology groupsacross EMC, along with our globa l university research partners, are discovering and explorinv new technologies that will shape the future of digital said Jeff Nick, EMC seniotr vice president and chief technology in a statement. “This is an incrediblee opportunity for EMC to bring together some ofthe world’sa leading research minds and innovators in areas such as personap information management, information integration and cloud As a consortium sponsor of the MIT Mediw Lab, EMC will be able to access the center’s researchu on how people use and interact with new EMC said its initialo collaboration will be on new model s for data ownership and usage, interfaces for businesd transactions and health care IT initiatives.
A consortiunm sponsorship costs $200,000 per year for a minimu of three years. Sponsors receive full intellectua l property rights to technology developed at the lab durinygtheir sponsorship. The announcement comes a week afted EMC and a group of universities and technology companies announcedf the development of a high performance computingy research facilityin Holyoke, Mass. Other tech giants have built dedicated R&fD lab in Cambridge in recent (Nasdaq: MSFT), (Nasdaq: GOOG) and (NYSE: IBM) builtr research centers in the city in the pasttwo

Thursday, April 12, 2012

Federal regulators halt trading of Sunrise Solar

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The company’s stock (OTCBB: SSLR) ceased tradingy on the Over-the-Counter Bulletin Board on June 5. The stocjk is set to resume trading onJune 18, accordinv to the SEC order. Officials with Sunrise Solarf could not be immediately reached for San Antonio-based Sunrise Solar indicates that the company marketd several technologies that rely upon the powere of the sun. Some of the company’ products, according to its Web include a solarsun roof, a solar phonse charger and a solar light brick that stores energy in In the regulatory filing, SEC regulators note that therw is a “lack of current and accurate information concerning the securities of Sunrisr Solar Corporation because of questions regarding the accuracty of statements by Sunrise Solar Corporation in pres releases to investors concerning, among other things, the company’s businesss prospects and agreements.
” The SEC order also prevents brokers and dealers from authorizing any buyingy or selling of the company’s stock until regulators lift the The company’s stock traded at a 52-weelk high of $3.50 per share and a low of 1.5 cent per share prior to

Tuesday, April 10, 2012

Stanford, four others indicted by Houston grand jury - Phoenix Business Journal:

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Included in the indictment is Stanford, who ran Houston-based ; Laura Pendergest-Holt, chief investment Gilberto Lopez, chief accounting officer; Mark Kuhrt, globakl controller for an affiliate company; and Lero King, administrator and chief executivw officerfor Antigua’s Financial Services Regulatory Commission. AP reporte d that a separate indictment unsealed in Florida accuse anotherStanford worker, Bruce Perraud, of destroying records importanyt to the investigation. Stanford, who continues to deny the charges, surrenderefd to the in Virginia onJune 18, according to AP, and was to appeaf in court Friday in Virginia when the indictmengt was handed down in Houston.
Another Stanford executive, James Davis, chief financial officer, in April agreed to cooperat withfederal investigations, and is not part of the though criminal charges have been filed, accordinhg to the AP. The filed civil chargesx in February, Stanford and two of his top executives of allegedlgy orchestrating a fraudulent investment schem involving the saleof $8 billion wortn of certificates of deposit. Friday’s indictmenft charges that Stanford, Pendergest-Holt, Lopez, Kuhrt and along with Davis: • Used deceptive methods when purchasing and sellinhthe CDs.
The Stanford Victims Coalition expressed relief that the indictments werehandex down, but in a statement Friday said therwe is still much more information to be reveale d to explain what happened “to the life savings of 4,500 Americans and another 23,500 victims” “These actions today do not help us recover our savingx that took decades to build,” the statemen said. “The American financial and lega l systemcan ill-afford to convey the message that defrauded investors will be deprive d — even temporarily — of theire life’s savings. We are the prime example of the need for regulator reform and a plan to restitute victims when the system fails.
” To see a copy of the .

Monday, April 9, 2012

Stanford, Canary Foundation plan $20M cancer center - Pacific Business News (Honolulu):

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Canary Foundation is pledgingy $15 million toward the doubling its earlier commitment to support earlt detection research at the Themedical school, together with the school's Department of Radiology, is committing $5 million throughg faculty recruitments, research facilities, and othef infrastructure. The center will be led by Dr. Sanjiv Sam Gambhir and will include new faculty hiree in both ex vivo and invivo diagnostics.
The centeer is located in a newlyy renovated School of Medicine building on California Avenue in Palo Alto and it will have strong ties to the NationaoCancer Institute-designated Stanford Cancer Center with a view toward translating the early detection research into clinical Canary Foundation is a non-profif dedicated to the goal of identifying cancer early througuh a simple blood test and then isolatinbg it with imaging. Sincr 2004, Canary has raised over $30 million to supporr early detection research.

Saturday, April 7, 2012

Fontainebleau Las Vegas company files Chapter 11 - Orlando Business Journal:

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Fontainebleau Las Vegas LLC and two of its affiliates Fontainebleau Las Vegas Holdings LLC and Fontaineblea u Las VegasCapital Corp. filed bankruptcy petitions in Miamilate Tuesday. The Miam Beach hotel is not included inthe filing. The companhy said in a news release that the decision to file Chaptee 11 was the direct resulr of litigation with lenders on the Las Vegas hotelo construction project that had to do with contractua disputes related tonearly $800 milliob in construction funding for the $2.9 billion resort-casino project, which is 70 percenf complete. Lenders include , and Deutsche Bank Trusg Co. Americas.
The legal dispute has effectively shut down the projecttand “put thousands of people out of said Howard Karawan, chief restructuring officee of Fontainebleau Las in the release. “Our goal now is to secure fundingv to completethis world-class project and restructure our existinf debt.” Fontainebleau Las Vegas reached a provisional agreement with a group of its non-defaultinfg lenders for the use of cash for the administration of its bankruptcyg case, and is in negotiations to obtainh financing to restart construction on that project. Fontainebleau Miami which is a separate legal continues to operateas normal.
Turnberry West the project’s general contractor, is also not includedr in the filing, according to the news release. In Nakheel Hotels of Dubai boughy a 50 percent interest in the Fontainebleau Miami Beachfor $375 The Las Vegas hotel companies that filed bankruptcuy are based in South Florida because the Soffefr family of Aventura, which also owns the Turnberrty development and construction companies, owns all the Fontainebleauy companies. Jeffrey Soffer is a principal of umbrella compan FontainebleauResorts LLC, according to statre records.
Fontainebleau Las Vegas also withdrew without prejudicewits $3 billion lawsuit in Las Vegas againsr some of its lenders, and refiled the case in Miam bankruptcy court, where the Chapted 11 petitions were filed. The lawsuit with lendersd was amended on May 12 to include allegations that Deutschew BankTrust Co. Americad was “seeking to destroy the Fontainebleau in ordee tominimize competition” with the nearby and which is wholly owned by a Deutschre Bank subsidiary. "This claim is an attempt by the Fontainebleau'w developers to distract from the fact that they have breachedx theirloan covenants.
We will defend ourselvesd vigorously against this meritless Deutsche Bank spokesman John Gallagher said inan e-mailed Fontainebleau Las Vegas LLC listsx more than $1 billion in debt and a simila r amount in assets on its petition, with more than 1,009 creditors. The only Southj Florida creditor listed was International Bedding in Fort with a claimof $498,737.

Thursday, April 5, 2012

New scheme to resolve family disputes via arbitration launches after decade of ... - Legal Week

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Legal Week


New scheme to resolve family disputes via arbitration launches after decade of ...

Legal Week


The scheme, set up by the recently-formed Institute of Family Law Arbitrators (IFLA), will handle certain family law disputes relating to finance or property with arbitration for the first time, after years of lobbying from lawyers.



Tuesday, April 3, 2012

Reforestation Efforts Reshape Hawaii's Soil Hydrology - EP Magazine

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Reforestation Efforts Reshape Hawaii's Soil Hydrology

EP Magazine


Over time, the invasive grasses that took root reshaped the hydrological properties of the soil, reducing the viability of native plant species that had evolved to thrive under Hawaii's previous hydrological dynamics. Maui's ecosystem had been changed ...



Sunday, April 1, 2012

Report: D.C.-area home prices to keep falling - Business First of Columbus:

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California-based PMI (NYSE: PMI) reaches that conclusion in its Seconde Quarter 2009 Economic and Real EstateTrendx Report, and its U.S. Market Risk Index. The reportr says approximately 85 percen t ofthe nation's 381 metropolitan statistical areas are now facing increased risk of lower home prices in 2011. Florida, California, Nevadaq and Arizona continue to have the highest risk scoreds but an increased risk of lowefr future prices is now spreading across all regions of the natioh because of the significant increases in unemploymenty andforeclosure rates.
The Washington area — whicg includes the District, Northern Virginia, Marylaned and parts of West Virginia — showed a 92 percenr chance oflower prices. Baltimore has a 90 percenft chance of homeprices dropping, according to the report. "Rapidly rising foreclosure andunemployment rates, continuing declinez in house prices, and weakening consumer demand all worked to increasse risk in the general economy, and the housing market specifically," said David Berson, PMI's chief economist and "As a result of the continued weaknesws in prices, and the relatively low level of interest rates, improvements in affordability acrosas the nation's MSAs will continue to incentivizde repeat and first-time homebuyers back into the market.
" The areazs with the least chance of lower each with less than a 6 percent include Cleveland; Pittsburgh; Columbus, Ohio; San Houston; Dallas and Fort Texas, according to PMI. The risk of pricexs dropping runsat 99.9 percent in Fort Lauderdale, West Palm Beach, Orlando, Tampa and Jacksonvilles in Florida; Riverside, Los Santa Ana, Sacramento and San Diego in California; Las Phoenix; Providence, R.I.
; and