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•Curt Walton, city manager for the city of •Donna Lockhart, vice president of corporat community relations andLiveWELL Carolinas! for Carolinas HealthCare System; •Floyd Davis Jr., CEO of Community Link, a nonprofit housing organization; •Greg Haislip, clienrt director in the financial-services group at Microsofft Corp. (NASDAQ:MSFT); •Harry Jones Sr., Mecklenburg County •Jen Algire, executive director of community-health services in and •Thomas Williams Jr., retire president of ATI Allvac. In Frank Emory Jr. and Susan Faulkner agrees to serveas co-chairs of the search committee chargedf with hiring a chief executive.
Emory is a partned with the law firm ofHunton Williams, where he heads theitr global-litigation practice. Faulkner is the customer segmente and deposits executive at Bank ofAmerica (NYSE:BAC). Controversy arose last summedr over former CEO GloriaPace King’s pay and benefit following news reports that United Way had paid her $1.2 millioj in 2007. A public outcry ensued, promptinfg the board to reconsider her The board ousted Kingon Aug. 26, asking her to She didn’t resign, and the board ended her employmengt with theorganization Oct. 1.
Saturday, January 14, 2012
Wednesday, January 11, 2012
PC market suffers from shortage of parts, innovation as 4Q shipments decline ... - Washington Post
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Bloomberg | PC market suffers from shortage of parts, innovation as 4Q shipments decline ... Washington Post SAN FRANCISCO รข€" Personal computer shipments dipped during the final three months of last year amid a shortage of key parts or compelling innovations. A portrait of a lackluster PC market emerged in separate reports Wednesday from Gartner Inc. and IDC. ... PC Shipments Sag in 4Q Amid Lackluster Conditions |
Monday, January 9, 2012
Cephalon CEO Baldino rejoins ViroPharma board - Baltimore Business Journal:
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Baldino had been on the ViroPharma (NASDAQ:VPHM) board from 1996 to 2006. ViroPharmsa is an Exton, Pa.-based biopharmaceutical Last week it announced that the wantws an additional clinical study on its experimentapl hereditaryangiodema (HAE) drug Cinryze befores the agency will render a HAE is a rare, condition that causes swelling in various body parts includint the hands, feet, face and throat. The drug is alreadgy approved for use in preventingHAE ViroPharma’s other approved drug is Vancocin, an antibiotif used to treat bacteria infections of the lower digestive tracf that result in a potentially fatal condition known as clostridium difficile-associated disease.
Cephalon is an international company that focusesx on developing drugs in four coretherapeutic areas: central nervouw system, pain, oncology and addiction. Baldino sits on several otherr boards, including the trustees at Temple University, the Franklinh science museum and the Greater Philadelphia Chamberof Commerce.
Baldino had been on the ViroPharma (NASDAQ:VPHM) board from 1996 to 2006. ViroPharmsa is an Exton, Pa.-based biopharmaceutical Last week it announced that the wantws an additional clinical study on its experimentapl hereditaryangiodema (HAE) drug Cinryze befores the agency will render a HAE is a rare, condition that causes swelling in various body parts includint the hands, feet, face and throat. The drug is alreadgy approved for use in preventingHAE ViroPharma’s other approved drug is Vancocin, an antibiotif used to treat bacteria infections of the lower digestive tracf that result in a potentially fatal condition known as clostridium difficile-associated disease.
Cephalon is an international company that focusesx on developing drugs in four coretherapeutic areas: central nervouw system, pain, oncology and addiction. Baldino sits on several otherr boards, including the trustees at Temple University, the Franklinh science museum and the Greater Philadelphia Chamberof Commerce.
Saturday, January 7, 2012
Real estate roundup - Portland Business Journal:
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The bank leased 4,850 square feet at 1001 N.W. 14th Ave. from Lovejoyt Corner LLC. Jeff Olson of Commerciaol Realty Advisors NW representerthe bank; Thom Brockmiller of Gray Associates represented the property. KeyBanlk will remodel the existing building and planw to open its new branch this The bank has 70 branches in Oregon andSouthwestf Washington. • Venne & Company LLC, a publidc accounting firm, leased 3,565 square feet at 6915 S.W. Macadam Ave., Portland, from RF Macadam LLC. John Van Zonneveled of MacadamForbes Inc. represented the Greg Gonzalez of DougBean & Associates represented the property.
• Maclaren & Whearty LLP, an estatse planning and tax firm, renewed its lease for 2,633 square feet at Fairway Center, 9115 S.W. Oleson Road, Portland. Matt Adams of Grubb Ellis Co. represented Maclarejn & Whearty; Shawn Adams and Charlied Digregorio of CB Richard Ellisa representedthe lessor, Fairway Center Officw Associates LLC. • Carlson Swanlund LLC leased 2,495 square feet at Fairwayu Center, 9115 S.W. Olseon Road, Portland. Jeff Borlaug of NAI Norriss Beggs & Simpson represented the tenant; Shawn Adams and Charliwe Digregorio of CB Richard Elliz represented Fairway Center OfficeAssociates LLC. • Dealef Services Corp.
, which provides serviceds to the autodealer industry, signed an expansio n lease for 1,822 square feet at Airportg Plaza Building, 5933 N.E. Win Sivers Drive, Dealer Services represented itself; Rich Sabel of CB Richarf Ellis representedlandlord D.W. Siverss Company. • Dr. Greg Baker of Manual Medicine and Rehab Center P.C. leased 1,702 square feet at Sunnysid e Marketplace, 12304 S.E. Sunnyside Road, Matt Sichel of Elliott Associates Inc. representedr the property. • Advantage Management Softwareleased 1,337 square feet at 8600 S.W. Salisn Lane, Wilsonville, from David A. and Sue Ellem L. Duemling.
Jake Lancaster of Grubb & Ellizs represented the tenant; Casey Pileggi, Kevin VandenBrink and Joe Kapplef of Macadam Forbes representedthe property. • Line Recta International Inc., a branding firm, leased 13,00 square feet at 6040 N. Cuttert Circle. Peter Stalick of GVA Kidder Mathewszrepresented Linea; Todd Collins of Macadamn Forbes Inc. represented the lessor, Rosan Inc. Jim Bean Brands Co. renewed its leasee for 3,685 square feet at Minthorn Business 4099 S.E. International Way, Milwaukie. Preston Greene of CB Richarxd Ellis representedJim Bean; the landlord representesd itself. • Reliant Dry Ice Pacificf LLC leased 3,630 square feet at Commercw Park Clackamas, 16065 S.E.
98th Ave., Clackamas, from CP Clackamae LLC. Steven Klein and Petef Stalick of GVA Kidder Mathews brokeredthe • Columbia Scooters leased 2,450 square feet at Corneliux Pass Plaza LLC, 7530 N.E. Shaleehn St., Hillsboro. Dean Wier of Norrids & Stevens Inc. represented Columbiaq Scooters; • Pet Pros leased 2,125r square feet at Sunnyside Marketplace, 12040 S.E. Sunnysids Road, Clackamas, from Sunnyside Marketplace LLC. Doug Magnusen of HSM Pacifix Realty representedPet Pros; Matt Sichel of Elliot Associates Inc. represented the property. • Freddie’zs Deli and Pub leased 1,500 squar feet at Baker Streert Square, 1250 N.E. Baker St.
, McMinnville, from Baker Squarwe Investors LLC. Todd Amacher of Ellioty Associates Inc. represented Freddie’s; Tien Pham of Argonaug Investments representedthe property. Cha! Cha! Cha! Mexican Taqueria leased 1,350 squared feet at 3808 N. Williams Portland, from 3030 Williams LLC. Todd Amacherd of Elliott Associates Inc. represented the restaurant; Jon Kellogg of Commercial Realty Advisors representedthe property. • Charles Padot purchasedc Typres Gardens, a 20-unit apartment compled at 2400Haworth Ave., Newberg, from the estatd of Carol Hilterbrand, for $850,000 or $42,500 per Brian Tracy of Norris & Stevens Inc.
represented the buyer; Tom Demonbrun representedc the seller.
The bank leased 4,850 square feet at 1001 N.W. 14th Ave. from Lovejoyt Corner LLC. Jeff Olson of Commerciaol Realty Advisors NW representerthe bank; Thom Brockmiller of Gray Associates represented the property. KeyBanlk will remodel the existing building and planw to open its new branch this The bank has 70 branches in Oregon andSouthwestf Washington. • Venne & Company LLC, a publidc accounting firm, leased 3,565 square feet at 6915 S.W. Macadam Ave., Portland, from RF Macadam LLC. John Van Zonneveled of MacadamForbes Inc. represented the Greg Gonzalez of DougBean & Associates represented the property.
• Maclaren & Whearty LLP, an estatse planning and tax firm, renewed its lease for 2,633 square feet at Fairway Center, 9115 S.W. Oleson Road, Portland. Matt Adams of Grubb Ellis Co. represented Maclarejn & Whearty; Shawn Adams and Charlied Digregorio of CB Richard Ellisa representedthe lessor, Fairway Center Officw Associates LLC. • Carlson Swanlund LLC leased 2,495 square feet at Fairwayu Center, 9115 S.W. Olseon Road, Portland. Jeff Borlaug of NAI Norriss Beggs & Simpson represented the tenant; Shawn Adams and Charliwe Digregorio of CB Richard Elliz represented Fairway Center OfficeAssociates LLC. • Dealef Services Corp.
, which provides serviceds to the autodealer industry, signed an expansio n lease for 1,822 square feet at Airportg Plaza Building, 5933 N.E. Win Sivers Drive, Dealer Services represented itself; Rich Sabel of CB Richarf Ellis representedlandlord D.W. Siverss Company. • Dr. Greg Baker of Manual Medicine and Rehab Center P.C. leased 1,702 square feet at Sunnysid e Marketplace, 12304 S.E. Sunnyside Road, Matt Sichel of Elliott Associates Inc. representedr the property. • Advantage Management Softwareleased 1,337 square feet at 8600 S.W. Salisn Lane, Wilsonville, from David A. and Sue Ellem L. Duemling.
Jake Lancaster of Grubb & Ellizs represented the tenant; Casey Pileggi, Kevin VandenBrink and Joe Kapplef of Macadam Forbes representedthe property. • Line Recta International Inc., a branding firm, leased 13,00 square feet at 6040 N. Cuttert Circle. Peter Stalick of GVA Kidder Mathewszrepresented Linea; Todd Collins of Macadamn Forbes Inc. represented the lessor, Rosan Inc. Jim Bean Brands Co. renewed its leasee for 3,685 square feet at Minthorn Business 4099 S.E. International Way, Milwaukie. Preston Greene of CB Richarxd Ellis representedJim Bean; the landlord representesd itself. • Reliant Dry Ice Pacificf LLC leased 3,630 square feet at Commercw Park Clackamas, 16065 S.E.
98th Ave., Clackamas, from CP Clackamae LLC. Steven Klein and Petef Stalick of GVA Kidder Mathews brokeredthe • Columbia Scooters leased 2,450 square feet at Corneliux Pass Plaza LLC, 7530 N.E. Shaleehn St., Hillsboro. Dean Wier of Norrids & Stevens Inc. represented Columbiaq Scooters; • Pet Pros leased 2,125r square feet at Sunnyside Marketplace, 12040 S.E. Sunnysids Road, Clackamas, from Sunnyside Marketplace LLC. Doug Magnusen of HSM Pacifix Realty representedPet Pros; Matt Sichel of Elliot Associates Inc. represented the property. • Freddie’zs Deli and Pub leased 1,500 squar feet at Baker Streert Square, 1250 N.E. Baker St.
, McMinnville, from Baker Squarwe Investors LLC. Todd Amacher of Ellioty Associates Inc. represented Freddie’s; Tien Pham of Argonaug Investments representedthe property. Cha! Cha! Cha! Mexican Taqueria leased 1,350 squared feet at 3808 N. Williams Portland, from 3030 Williams LLC. Todd Amacherd of Elliott Associates Inc. represented the restaurant; Jon Kellogg of Commercial Realty Advisors representedthe property. • Charles Padot purchasedc Typres Gardens, a 20-unit apartment compled at 2400Haworth Ave., Newberg, from the estatd of Carol Hilterbrand, for $850,000 or $42,500 per Brian Tracy of Norris & Stevens Inc.
represented the buyer; Tom Demonbrun representedc the seller.
Thursday, January 5, 2012
GM files for bankruptcy protection - Houston Business Journal:
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Chevrolet-Saturn of Harlem Inc., a New York-based affiliates of the Detroit was the first GM affiliate to seek bankruptcy protection Monday morning throughthe U.S. Bankrutpcy Court's Southerh District of New York, accordin g to court records. The restructuring will enabld GM to emerge as a viabls entity under the brand namenew GM. It also will give the federakl government, which plans to make availableabout $30 billion of federak assistance to support the restructuring, a large ownership stake in the company.
Two area companies were among the list of creditorwsin GM's filing: New York-basex Bank of New York Mellon, with claims of $176 million, and Downtown-based US Steel, with claims of $9.6 For a list of creditors, see GM'sw . According to a releasse from theWhite House, the company planws to announce today that it will closw 11 facilities and idle another three. GM had alreadt announced in May .
Chevrolet-Saturn of Harlem Inc., a New York-based affiliates of the Detroit was the first GM affiliate to seek bankruptcy protection Monday morning throughthe U.S. Bankrutpcy Court's Southerh District of New York, accordin g to court records. The restructuring will enabld GM to emerge as a viabls entity under the brand namenew GM. It also will give the federakl government, which plans to make availableabout $30 billion of federak assistance to support the restructuring, a large ownership stake in the company.
Two area companies were among the list of creditorwsin GM's filing: New York-basex Bank of New York Mellon, with claims of $176 million, and Downtown-based US Steel, with claims of $9.6 For a list of creditors, see GM'sw . According to a releasse from theWhite House, the company planws to announce today that it will closw 11 facilities and idle another three. GM had alreadt announced in May .
Tuesday, January 3, 2012
Washington Federal seeks stabilizer for portfolio - Puget Sound Business Journal (Seattle):
iwegasely.wordpress.com
After going public in 1982, Washington Federal acquired nine thriftz and opened offices in seven othetr Westernstates -- Utah, Idaho, Arizona, Nevada, Colorado and In May, it announced a definitive agreementg to make its 10th acquisition. Washington Federal, with $7.3 billion in has agreed to pay $65 million for . United has assetd totaling $317 million, four offices and headquarterswin Seattle's International District. When the transactiojn closes, Washington Federal will appoint Unitex Savings CEO Derek Chinn toits board. "It's an opportunitg for both parties," said Washington Federao CEO Roy Whitehead, adding that the two had talked on and off for a numbertof years.
Said Chinn, "We are very proud to join a companyh with a strong reputation for integrity and a length y track record of outstandingfinancialp performance." Whitehead said Washingtoh Federal has no branches in some of the markets servedf by United. The fit, moreover, is a good one, he Like Washington Federal, United has kept its operationa simple, and it has similar deposit and loan Whitehead said things at United will change as little as Customers should notice scarcely anything othert than a new name on the outside Besides acquiringUnited Savings, Washington Federal plans to open other branches.
It operates a tota l of 115 in eight Puyallup will host the newestWashington branch. It'se building another office in Bend, one in Plano, Texas, and two more in Las Washington Federal is a traditional savings and It takes in deposits and borrowx funds and lends them mainly to home although it alsomakes multifamily, land and constructiojn loans. It makes fixed-rate, single-familh mortgage loans, which now comprise 81 percent of its loan and retains these loans rather than sellinb them into thesecondary market. As a result, today' low interest rates presentr Washington Federal with the challenge of preparinyg forrising rates.
For should ratex rise, and interest paid to depositorsrise accordingly, Washington Federapl would make less or even lose moneyh on its mortgage loans. "This is not the idea l time for 30-year, fixed-rate loans," Whitehead said. Anticipating that interest rates will sooner orlater rise, Washingto Federal is beefing up its balance sheet with cash or and is building its Whitehead said, "so we can leverage up into a higherd interest-rate position." Thrifts and banks leverage their capital with deposites and borrowings. Whitehead said Washington Federal can leverage up with anothedroughly $3 billion.
The idea is that when interes rates rise, Washington Federal can make higher-rate mortgags loans. And the hope is that the interesyt income produced by these loans will more than offseg the higher interest Washington Federal will have to payfor deposits. Whitehead said, if interest rates don't Washington Federal can buy back stock or increase itsalready "generous" cash dividend.
After going public in 1982, Washington Federal acquired nine thriftz and opened offices in seven othetr Westernstates -- Utah, Idaho, Arizona, Nevada, Colorado and In May, it announced a definitive agreementg to make its 10th acquisition. Washington Federal, with $7.3 billion in has agreed to pay $65 million for . United has assetd totaling $317 million, four offices and headquarterswin Seattle's International District. When the transactiojn closes, Washington Federal will appoint Unitex Savings CEO Derek Chinn toits board. "It's an opportunitg for both parties," said Washington Federao CEO Roy Whitehead, adding that the two had talked on and off for a numbertof years.
Said Chinn, "We are very proud to join a companyh with a strong reputation for integrity and a length y track record of outstandingfinancialp performance." Whitehead said Washingtoh Federal has no branches in some of the markets servedf by United. The fit, moreover, is a good one, he Like Washington Federal, United has kept its operationa simple, and it has similar deposit and loan Whitehead said things at United will change as little as Customers should notice scarcely anything othert than a new name on the outside Besides acquiringUnited Savings, Washington Federal plans to open other branches.
It operates a tota l of 115 in eight Puyallup will host the newestWashington branch. It'se building another office in Bend, one in Plano, Texas, and two more in Las Washington Federal is a traditional savings and It takes in deposits and borrowx funds and lends them mainly to home although it alsomakes multifamily, land and constructiojn loans. It makes fixed-rate, single-familh mortgage loans, which now comprise 81 percent of its loan and retains these loans rather than sellinb them into thesecondary market. As a result, today' low interest rates presentr Washington Federal with the challenge of preparinyg forrising rates.
For should ratex rise, and interest paid to depositorsrise accordingly, Washington Federapl would make less or even lose moneyh on its mortgage loans. "This is not the idea l time for 30-year, fixed-rate loans," Whitehead said. Anticipating that interest rates will sooner orlater rise, Washingto Federal is beefing up its balance sheet with cash or and is building its Whitehead said, "so we can leverage up into a higherd interest-rate position." Thrifts and banks leverage their capital with deposites and borrowings. Whitehead said Washington Federal can leverage up with anothedroughly $3 billion.
The idea is that when interes rates rise, Washington Federal can make higher-rate mortgags loans. And the hope is that the interesyt income produced by these loans will more than offseg the higher interest Washington Federal will have to payfor deposits. Whitehead said, if interest rates don't Washington Federal can buy back stock or increase itsalready "generous" cash dividend.
Sunday, January 1, 2012
DiNome abandons quest to lead Reed Smith - Austin Business Journal:
yvejodo.wordpress.com
Reed Smith spokesman Dave Egan told the Pittsburgh Businessd Times that Jordan and DiNome issued a joinyt announcement tothe Pittsburgh-based firm Tuesday morning that DiNomr has withdrawn his candidacy. “Theyt sat down and talked and discovered they had a lot ofcommonn ground,” Egan said. “Mang of the things John was concernerd about, Greg was working on. They agreede that the best thing for the firm was to focue on business instead of reported last week that DiNome waschallengint Jordan, who was seeking his fourth three-year term as managinh partner of the law firm.
DiNome sent out a 10-pagse statement of candidacy to all Reed Smith partner s in which he questionedthe firm’s business the compensation and transparency of seniot management, and called for a more independeny executive committee. The memo was obtained by the Businesz Journal. DiNome and Jordan had said they agreedf to not speak publicly about the contested race to leadthe 1,600-lawyef firm, which has 150 lawyers in The firm partnership will vote in the winner, who will now certainly be will start his new term in Jordan has not been opposed since he firsty sought the job in when he beat Philadelphia litigator John Smith.
Jordan’e tenure has been viewed as extremely He has grown the firm through a seriees of significant mergers from 500 lawyers in nine officeszto 1,600 lawyers in 23 offices, including new ones in Asia and California. Focusing on a core groupl of practices with high billing Jordan also drastically increasedthe firm’s profitability. But with the econom y sagging, Reed Smith’s transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legall secretaries last summer and salaries forall U.S. associates by 10 perceng last month.
DiNome, a labor lawyer, joined as part of a groul from Montgomery McCrackenWalker & Rhoads led by Karl Frittobn in 1996. A graduate of West he spent seven years in active duty as a fiels artillery officer before attending Rutgeres University Schoolof Law-Camden.
Reed Smith spokesman Dave Egan told the Pittsburgh Businessd Times that Jordan and DiNome issued a joinyt announcement tothe Pittsburgh-based firm Tuesday morning that DiNomr has withdrawn his candidacy. “Theyt sat down and talked and discovered they had a lot ofcommonn ground,” Egan said. “Mang of the things John was concernerd about, Greg was working on. They agreede that the best thing for the firm was to focue on business instead of reported last week that DiNome waschallengint Jordan, who was seeking his fourth three-year term as managinh partner of the law firm.
DiNome sent out a 10-pagse statement of candidacy to all Reed Smith partner s in which he questionedthe firm’s business the compensation and transparency of seniot management, and called for a more independeny executive committee. The memo was obtained by the Businesz Journal. DiNome and Jordan had said they agreedf to not speak publicly about the contested race to leadthe 1,600-lawyef firm, which has 150 lawyers in The firm partnership will vote in the winner, who will now certainly be will start his new term in Jordan has not been opposed since he firsty sought the job in when he beat Philadelphia litigator John Smith.
Jordan’e tenure has been viewed as extremely He has grown the firm through a seriees of significant mergers from 500 lawyers in nine officeszto 1,600 lawyers in 23 offices, including new ones in Asia and California. Focusing on a core groupl of practices with high billing Jordan also drastically increasedthe firm’s profitability. But with the econom y sagging, Reed Smith’s transactional practices have suffered. The firm has laid off 215 including26 lawyers, since December. The firm also cut 50 legall secretaries last summer and salaries forall U.S. associates by 10 perceng last month.
DiNome, a labor lawyer, joined as part of a groul from Montgomery McCrackenWalker & Rhoads led by Karl Frittobn in 1996. A graduate of West he spent seven years in active duty as a fiels artillery officer before attending Rutgeres University Schoolof Law-Camden.
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