Friday, April 29, 2011

Polsinelli Shughart law firm moving to LoDo - Tampa Bay Business Journal:

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The firm confirmed Friday that its locakl office is relocating to the newly builf 1515 Wynkoop office building on Wynkoop Street in LowetrDowntown Denver. The Kansas City-based firm’s Denver branch currently is locatefdin downtown’s Independence Plaza at 1050 17th St. The firm’s Denver officde has leased roughly 38,000 square feet of spacd at itsnew location, with an option to grow. The move is plannedr for September 2009.
“We are pleased to relocate our attorneyzs and staff to a part of downtown that represent the growth and vitalityof Denver, enablingh the expansion of our firm’sz practice and presence Steve Long, founder and managing partnefr of Polsinelli Shughart’s Denver office, said in a statemenft Friday. “We are committed to remaininb indowntown Denver, as it allowe us to be immersed in the businesa and civic community, and provides our attorneys with a vibrantr place to work,” Long added.
The firm said that its new spacr is expected to qualify forLEED (Leadership in Energy and Environmentao Design) certification for energyu savings and environmentally friendly based on its use of sustainable materialz and energy-efficient lighting, heating, cooling and office LEED is the U.S. Green Buildinfg Council’s designation for energy-efficient, sustainable Polsinelli Shughart was created in Februaruy by the merger of Kansas City law firmsa ShughartThomson & Kilroy PC and Polsinellii Shalton Flanigan Suelthaus PC. The leasea of several major law either based in metro Denver or withlocal branches, are expirintg this year.
While some firms are renewing leases wherd theyalready are, others are LLP, Colorado’s largest law firm, plana to move its southeast suburban office in August to the “green” Village Center Station project now underf construction. The branch currently is located at8390 E. Crescengt Parkway in the DenverTech Center. Hollanc & Hart’s headquarters office remains at 555 17th Street indowntownm Denver. Earlier this year, LLP relocated to the new 1400 Wewatt a office building in LoDo from OneTabof Center. Meanwhile, LLC recently renewed its 56,000-square-foot lease on the top threed floors of One Tabor Center for 11more years.
The law firm was the firstr tenant to commit tothe building, which openec in 1985. Denver’s 1515 Wynkoop building, developed by Houston-basedc Hines Interests LP, brokew ground in 2007. The 267,833-square-foot, eight-story offic e building with retail space was completed this Other tenants in the new whichis pre-certified for LEED Silver include the Van Gilder Insurance Corp.’s

Tuesday, April 26, 2011

RPI receives $7.5M from NASA to open astrobiology center - The Business Review (Albany):

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million grant from to be used for opening ofthe . The centedr will be part of the NASA AstrobiologuInstitute (NAI). Rensselaer said NAI is a institute of universities that combin eexpertise “to advance our understanding of the origin and distributioh of life in the universe.” It is based at the in Mountaib View, Calif. The New York Center for Astrobiologyg is basedwithin Rensselaer’s School of Science. It will be devoterd to investigating the origins of life on eart h and the conditions that lead to the formatioh ofhabitable planets.
The center included researchers and students from variouds research backgroundsand universities, including regional partnerss at the and and national partners at the and the . “Th e New York Center for Astrobiology buildsz on a legacy of discovery and collaboration developedf over the past half century by NASA and scientist s aroundthe world, including right here at Rensselaer,” said Rensselaer President Shirleh Ann Jackson. “The scientists in the center will help piecre together the fragmented clues that could lead to the discoveryu of the first extraterrestrial life and the originss of the first life to appeafr hereon earth.

Sunday, April 24, 2011

Kentucky Derby: Jaycito declared from race - Daily Racing Form

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SB Nation


Kentucky Derby: Jaycito declared from race

Daily Racing Form


Making official what had seemed obvious for more than a week, trainer Bob Baffert on Sunday announced that Jaycito would not make this year's Kentucky Derby on May 7, owing to a foot bruise that has prevented the colt from working for ...


Jaycito Withdrawn From Derby Consideration

BloodHorse


Not much to get excited about in Kentucky Derby

phillyBurbs.com


Valenzuela gets Derby mount

ESPN


SB Nation -Chicago Daily Herald -Boston Globe


 »

Friday, April 22, 2011

Advanta agrees to refund customers up to $35M in FDIC agreements - Pacific Business News (Honolulu):

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That agreement addresses charges that theSpringv House, Pa.-based company violated federaol trade laws through its pricing strategies on business crediy cards, and in its marketing of cash-backi rewards on the cards. Advanta said it did not admit wrongdoing and that it enteree theagreements “in the interest of expediency and to avoid litigation.” Advant said it took a $14 million charge to covert refunds tied to the alleged marketing violations in third-quartefr 2008 and will take a second-quarter 2009 chargde to cover refunds over its pricing strategies, whicjh it said could total $21 million.
Advantq also agreed to a $150,000 In a separate agreement withthe Advanta’s ability to use cash and pay dividends has been The company must submit a plan to remain and submit a plan to terminatse its deposit-taking operations and deposit insurance once its deposits are repaidr in full, a process expected to take a few The second agreement with the FDIC placews restrictions on Advanta’s use of its cash assets, payment of dividend s and transactions that would materially alter its balance sheet composition and taking of brokered Advanta said the second order does not in any way restrictg it from continuing to serviced its managed credit-card accounts and receivables.
In an efforyt to limit losses and erosion of its capitao ascredit deteriorates, Advanta said in early May that its securitizatiom trust will go into early amortizatiobn — where the company uses receivablew from customers to accelerate payment to investor bondholders. Whiler that protects investors from prolonged exposure to a pool of receivables whose credit performancehas deteriorated, Advantaq would have needed an alternative way to fund new purchasesa on its customers’ credit cards. So it had to shut down futurw use, effective May 30. It has since referred some customera to AmericanExpress Co. Advanta’s stockm closed 2 7 percent lower Wednesdayy at42 cents.

Tuesday, April 19, 2011

San Francisco Muni operators may vote to strike - San Francisco Examiner

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San Francisco Examiner


San Francisco Muni operators may vote to strike

San Francisco Examiner


(Examiner file photo) Despite working under a contract that explicitly bars strikes, Muni's transit operators might vote to authorize one if their ongoing labor negotiations reach an impasse. This Friday, the Transport Workers Union Local 250-A, ...

CITY INSIDER - Muni operators taking strike authorization vote

San Francisco Chronicle


Muni Operators Voting This Week On Possible (And Possibly Illegal) Strike

The San Francisco Appeal


Muni Drivers' Union Pushing For Strike Authorization

KTVU San Francisco



 »

Sunday, April 17, 2011

Report: Houston area low on fit list - Houston Business Journal:

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The area’s score of 34.7 put the Houstoh at No. 41 on the list. Counties included in the reporf were: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacintp and Waller. The area's strengths included a lower percentage of peopl e with disabilities and of peoplwho smoke, a higher percentage of city land area that is designatedx as parkland and a highef level of state requirements for physical education classes. Challengesd for the area were mainly associated with lack of place for people to get suchas playgrounds, swimming pools and recreation centers.
The reporrt also noted the area’s high percentage of people livinhg below the poverty leveo and living withouthealth insurance, a higherf percentage of people with diabetes, and not enough primary care physicians. The report also found that not enough peopld in the Houston area use publif transportation or bicycle or walk to In terms of personal health indicators related to health chronic health problems and health the area rankedat No. 45. Houston rankef 40th on community/environmental indicators related to the built recreational facilities, park-related expenditures, physical education requirementw and primary health care providers. The D.C.
metro area took the top spot onthe list, scorinvg a 74.4. D.C. was followed by Minneapolis-St. Paul, Denver, Boston and San Francisco. Areasz were ranked by data including a composite of preventivwhealth behaviors, levels of chronic disease conditions, health care access, as well as communithy resources and policies that support physica activity. The report was produced in partnershi withthe Denver, Colo.-based and is a snapshotf of the state of health and fitness in America’ 50 most populous metropolitan areas.

Friday, April 15, 2011

C-OC says no thanks to shared administrative services with Mingus - Verde Independent

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C-OC says no thanks to shared administrative services with Mingus

Verde Independent


During its regular meeting Tuesday night, the Cottonwood-Oak Creek School Board approved a letter to the Mingus Union School Board president declining an offer to look into sharing costs for administrative and transportation services between the ...



Tuesday, April 12, 2011

Central Hudson raising rates - The Business Review (Albany):

http://pontorez.com/node/48&size=_original
The rate plan established by the PSC increases annual electric service delivery ratesby $38 million, and gas deliveryg rates by $13.6 or a total of $51.6 million. PSC officials say the increass authorized by the state agencyis $18.1 million less than the company Central Hudson had soughg increased rates for both electri and gas service of $66.1q million and $20.2 million, respectively, for a tota of $86.3 million. Instead, the utilitgy is being allowed $38 million for electricf service, $13.6 million for gas service, and $16.6 millioh for a temporary surcharge, or a totalk of $68.2 million.
Central Hudson says its needs the added revenues to compensate for lowetr sales and increasedpension costs. The Poughkeepsie-based utilitgy has 300,000 electric customerzs and 74,000 natural gas customerss from north of NewYork City, to the Capital Region.

Sunday, April 10, 2011

Voting begins on King Soopers contract offer - Atlanta Business Chronicle:

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Voting on the five-year offer by members of Unitecd Food and Commercial Workers Local 7 will continuethrougg Wednesday. Union leaders are not making a recommendationb to their members on thecontract offer, which the union complains would cut pension benefits by an average of $100,000 -- a conclusiobn disputed by management. “It’s a good contract in a normal economy. It’s a great contracrt in this economy,” King Soopers spokeswoman Diande Mulligan saidlast week. She said roughly 65 percenf of workers would get raises underthe company’xs proposal. King Soopers is a Colorado unitof Cincinnati-based (NYSE: KR).
Coloradoo workers for two other grocerychains Pleasanton, Calif.-based (NYSE: SWY) and Boise, Idaho-base d (privately held) — continue to negotiat separate deals with their employers. If King Sooperd workers rejectthe chain’s latesy proposal, they will continue working without a contract untio an agreement is reached or a strikse is called. Their contract expired May 9.

Saturday, April 9, 2011

Eco-friendly homes - Business First of Buffalo:

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But others are championing an environmentally conscious approach to residentialo living as the region and the natiohcombat high-energy consumption and poor health. Adam Sokolk is among them. The Buffali architect is buildingan energy-efficient housre on the city’s West amid stately residences that have been drafty and seeping heat for the better part of a The federal government estimatesx that existing housing stock accounts for 21 percent of the nation’s annual energyy consumption. Sokol has incorporated severa l energy-saving features in the constructionm ofthe 2,000-square-foot, single-family house at 541 Bird Ave.
The features includre the not-so-unusual: foam insulation, a tankless water heater and good windowzs that allow the house to take advantageof daylight. Then there’sx a heat recovery system that filters the air to keep mold and stalee airfrom accumulating. The exterior is covered with roofing shingles and sidingv made fromrecycled rubber. “If you care abouy the environment, it’s obvious,” Sokol The sale price has yet tobe determined, but Sokop estimates that he spent in the low–to–mid-$200,000 rangre to build it. That’s inexpensive relativ e to retrofitting an old housse with energy efficient he said.
Experts say any house that is at leastg 10 years old could benefitfrom energy-savinh upgrades. The added advantage of overhaulingagingt homes, however, is that they are usually located in densr communities that are less reliant on automobiles. Real estate broker Carol Holcberg said she noticed amongg homebuyers an increased interestin “walkable” neighborhoodds when gas prices starteds to spike a few years ago. Walkable neighborhoods typically include a clusterof single-family houses and multiplw units that is centered or ringed by retaipl and other business.
Design features such as sidewalks and lightinhand “traffic-calming” elements such as full-stop intersections and crosswalke encourage more foot traffic. “Any neighborhood with a villagre center, people are anxious to be there so they can walk to get a quarg of milk or go toa restaurant,” said who heads Holcberg Ltd. Real Estatee in Buffalo. Walking is getting to be a “bigy deal” among homebuyers, and they’rde moving to where they can dothat safely, said Susid Lenahan, a broker with MJ Peterson Corp.’s Buffalo office.
“There’s nowhere to walk on Transitf Road orSheridan Drive,” she said of the multiland thoroughfares serving the northern suburbs. For homebuyers who are lookinhg for certain environmental developers have come up with individual suchas ’s Muir Woods, an Amherst project that combinesz natural settings with commercial, residential and retail Others are incorporating green space among new homes, rather than usinyg the formerly common practices of bulldozing treed areads and building on a said Jay Coles of / . But such consumee interest is hardly widespread, suggested Maureen Flavin, a brokefr with RealtyUSA.
She recalled the highly energy-efficieny features of a city condominium that failed to captivaterpotential buyers. “‘Oh, that’s they said,” Flavin remembers, “‘but how many bathroomz does it have?’”

Thursday, April 7, 2011

SunTrust to raise $1.4 billion in stock offer - Dallas Business Journal:

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billion through a stock offering to boost its capital to meet federalgovernmentf requirements, the Atlanta-based bank said Monday. The Atlanta-based bank wants to sell 108 millio n sharesat $13 a share. In relation to the SunTrust (NYSE: STI) suspended its previouslh announced $1.25 billion “at the offer, which raised $260 million. SunTrust began an offer to buy upto $1 billio liquidation preference or amount of certain of its currently outstandintg preferred and hybrid securities for cash using proceedsx from the $1.4 billion equity The moves come after the federaol government’s “stress test” found SunTrusr needed to raise $2.2 billion in capital.
And while SunTrustg had sufficient tier 1 capital to absorb projectedeloan losses, its capital “tiltee too strongly” to sources other than common the stress test revealed. Aftere completing the offerings announced Mondayand prior, SunTrusf expects to have fully satisfied its obligation. "Today'ss announcement underscores that we are on a clear path to achievw our previously announced capital objectivezs as we intensify our focus onthe future," said Jameas M. Wells III, SunTrust chairman and CEO, in a statement.
Welles also noted completion ofthe company'sz capital-related initiatives will boost its ability to repay, upon regulatory approval and at the appropriate time, preferredf stock gotten through participation in the U.S. Treasury'se Capital Purchase Plan.

Tuesday, April 5, 2011

Gov.: GlobalFoundry

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billion computer chip plant in Gov. David Paterson said today. The deal was reacher between theand U.S. the firm working on the GlobalFoundry’s Fab 2 Paterson said the “labor peace will be signed this week. Paterson said he intervener inthe process, which led to the two parties negotiating for the past severap weeks to work out the details of the construction agreement. Under the agreement, local building trades have pledge not to strike or engag in other actions that wouldimpede “The collaboration of GlobalFoundries with the local buildiny trades is a model of the private sectot and organized labor working Paterson said.
It will take about two years and 1,500 workersw to build the 1.2 million-square-foot plant. When the plant is there will be 1,400 GlobalFoundry’s workere making an average salaryof $60,009 a year. The plant’s annual payroll will be more than $88 “This Project Labor Agreement is truly an accomplishmenty for the people of the Capitakl Region and theentirwe state,” said Robert president of the Greater Capital District Buildingv and Construction Trades Council AFL-CIO. Ed Malloy, presidengt of the , said the labor agreementt means the chipplantt “will be constructed in the best interest of the New York statwe taxpayers.

Sunday, April 3, 2011

UCSF Med School under fire from Sen. Grassley - Pacific Business News (Honolulu):

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The June 17 story, by James Oliphant ( ), said the top Republican on the powerful Senate Finance has asked UCSF to supply documents on federakl funding over the lastfive years, includint details of an external review by the KPMG accounting “If the financial integrity of UCSF is Grassley said in a letter to the university, accordint to the L.A. Times, “I am worried that similaer problems regarding taxpayer dollarw may also exist at other campusee within theUC system, such as UC UCLA and UC Davis.” Grassley’s comment s come in during a continuing feud betwee n UCSF and David Kessler, former dean of its medicap school, who earlier headed the U.S.
Food and Drug Administratio underPresident Clinton, over allegations involving the medical school’ss financial reporting. The Timesd reported that Kessler was fired inlate “after repeatedly complaining that he had been misled aboutg the school’s finances.” Kessler has filed a whistleblowet lawsuit against the and is seeking to get his job back, alonh with lost pay, benefits and damages, the Times reported. Grassley raised his concernw in an April letter to UC PresidenMark Yudof, according to the Times.
UCSF was awarded $444 milliom last year from the National Institutesof Health, with $383 million goinvg to the medical school, which is also seekinfg a big chunk of federal stimulus University officials have said Kessler was fired for performance-related Oliphant’s article notes, but they’re treating him as a Kessler’s lawsuit has been stayed pendinhg the conclusion of an administrativse review, the Times report In a comment provided Wednesday afternoon to the San Franciscop Business Times, UC reiterated that it has provides information to Grassley’s office on the financialk issues in question and that Kessler’s allegations have been exhaustively and repeatedlu investigated at the University’s expense.
Those investigationz “have found no evidence whatsoever of any inaccuracy in the bookws and records ofthe ,” UC said in its writtenb statement. UC officials also noted that a review released in Marchn 2008 bythe U.S. Department of Health and Humajn Services’ Office of the Inspector General found thatUCSF “had complied with all Federal regulations for claiming reimbursement for administrative and clericak expenses” connected to the NIH

Friday, April 1, 2011

Harpeth Hall teams up to create online girls school - Business Courier of Cincinnati:

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The Online School for Girla will begin offering courses this including two this fall and four in the sprinbg 2010 semester spanning science andthe humanities. Students at the membee schools will take the classes and evaluatee them as apilot run. One initial calculus class will be taught by Harpeth Hall math teachedrJennifer Webster. The other schools in the grou p are thein Maryland, the in Ohio and in all with tuition ranging from about $20,000 to $40,0000 per year. Ann Teaff, the head of Harpetb Hall, says the goal of the onlinr school is to provide a rigorousz education in an onlinr setting thatis flexible, affordable and accessible to girls aroundx the world.
She says the curriculum will be expanded incoming years. The efforg reflects how rapidly online educatiohn is being adopted in even the most exclusivs enclaves of private education as schoolx utilize the Internet to foster a global worldvie w in their students and diversify the learning More than 1 milliojn secondary school students took an online cours and students at 70 percent of high schoole enrolled in one duringthe 2007-2008 schoolk year, according to “K-12 Onlind Learning: A 2008 Follow-up of the Survey of U.S. School District Administrators.” The report also finds schoolse in 44 states are creating onlinesecondary schools.
the Online School for Girls will be the firsonline same-sex school. At the graduate level, Harvard, Duke and othee exclusive universities now offer several specialized master’s degrees for which the coursework can be taken mostlty online. They are aimed at professionals who wish to enhance theie credentials to advance intheir careers. Karenj Douse, Harpeth Hall’s librarhy and information services says online education is rapidlybecoming “a cornerstone of the educational experience.