среда, 29 июня 2011 г.
Xelr8 Holdings sales, loss grows - Denver Business Journal:
The Denver-based company reported $2.1 million in third-quarterf sales, a 47 percent increasw from $1.4 million in the thir quarter of 2007. The third quarterr ended Sept. 30. Xelr8 (AMEX: BZI) lost or 3 cents per share, in the thirrd quarter, compared to a loss of $360,000, or 2 centw per share, in the thirsd quarter of 2007. The company’ws newest product, an antioxidant drink called accounted for more than 92 percentof Xelr8’s sales in the “ ... its success vindicates management’s decisioj to focus on establishing Bazi as the core product for the Xelr8 CEO John Pougneg said in a news The company increased its spendint on sales and marketinf by65 percent, to $1.
3 million, in the quarter from the year-agpo period. The company sells its products througj network marketing and independent Denver Broncos football head coach Mike Shanahan is one ofseveral high-profiles endorsers of Xelr8 in professional athletics.
понедельник, 27 июня 2011 г.
Stimulus funds lag health woes - Atlanta Business Chronicle:
That’s the view of the eight-member panel of industrh and medical experts who were invite by the South Florida Businesxs Journal to share their views of whatthe $787 billiojn federal stimulus package means to the healtbh care sector. What emerged was a broad discussion of how stimulus legislatiobn is just one piecd of change needed in an industry that has run financialluy amok due to an overrelianceon specialists, shortfalls in information technology and patients who are The Congressional Budget Office has projecteed that total national spending on healtg care could hit 48 percent of gross domestifc product by 2050 if left unchecked.
To solvse this problem will takemore though, in the short term. The Obamq administration’s $59 billion for health care stimulud spendingincludes $19 billion for electronic health care Starting in 2011, doctors who can show meaningful use of electronic medical records will get incentives and those who don’t will get declining Medicard payments. But, the old-fashioned general practitioner may also have abig role. Linds Quick, president of the , said health care reform legislation that coincidesw with the stimulus calls for individuals to have a home location or a primaryycare provider.
She said that allows for “sa community location close to home and gettinyg more done in a actually high clinicaltechnology setting.” That, in will also translate into a less costly location, the panelists said. Rachel Sapoznik, CEO of , “The reason I believe in the last 25 years of seeinvg health care costs rise dramatically is we have movedx away from the primar y care physician knowing the patient to Patients go from specialist to specialist to get eachailmen treated, but an overview of their condition and familuy history is lacking.
George Foyo, executive VP and chief administrative officetat , said: “Piggybacking on primary care is absolutely All these specialties are adding thousandas and thousands of dollars.” One problejm is that specialists tend to overdo tests becausr they are so worried about legal liability he said. Dr. Tony a family practitioner and president of the Browardf CountyMedical Association, said reimbursement issues for testws done in his office also frustrate him. A hospitalp might get $2,000 for a test from but he can onlyget $200. “I don’f think it’s anything that’s going to work unless we use somecommom sense,” he said.
Foyo said primary care physicianxs historically put an emphasis on healthpreventionn efforts, but the lack of it thes e days is contributing to an epidemic of diabetes and heary issues. Baptist Health, which is well knowbn for hospitals in Kendalland Homestead, is pushiny forward with outpatient centers – and even venturing into Browards County. One reason is emergency rooms are and providing care there is more costly than at anoutpatiengt center. “Rather than have patients cometo us, the hospitalsz are going out to them,” Foyo said.
Florida’zs 51 nonprofit community health centersz aregetting $28 million in competitivr grants under the stimuluas legislation, which will also keep patients out of expensivwe hospital settings for treatment. House Speaketr Nancy Pelosi highlighted that during an April visity to a community health centeer in Hollywood that willget $1.5 million to open a satellitwe health center in West Park. One of the advantage s for these types of centersw is that they are funded with the assumptionm that their doors will be open to allwho come, whicj is important because of the number of uninsuredx South Floridians, including undocumented foreigners, Quick said. Dr.
meet Bill Gates Mark Sterling, administrativd partner at the law firm of in said electronic medical records fall under the categoryof “shovel-ready” projects in the worldd of stimulus – meaningh the technology exists and can be adopteed rapidly to put money in the
пятница, 24 июня 2011 г.
Picasso coup for tiny art school in occupied Palestinian territory - The Guardian
BBC News | Picasso coup for tiny art school in occupied Palestinian territory The Guardian Photograph: Peter Cox for the Guardian It began as a joke, an outrageous idea to exhibit a Picasso masterpiece at a tiny art school in the occupied Palestinian territory. Slowly the idea gained traction, turning into a logistical and financial ... Picasso exhibition opens in Palestinian West Bank |
среда, 22 июня 2011 г.
Church bulletins - Orange County Review
Church bulletins Orange County Review Despite Saturday's torrential rains, churches and community organizations from around Orange County and beyond gathered at Trinity United Methodist for the Virginia Pregnancy Centers' Walk for Life. The overcast clouds choked out any rainbows, ... |
понедельник, 20 июня 2011 г.
Rory McIlroy claims crucial first major - ESPN
Reuters Africa | Rory McIlroy claims crucial first major ESPN BETHESDA, Md. -- Being destined for greatness can be a heavy burden. Ask any player lugging around that best-player-without-a-major baggage how that weight tends to drag him down as time marches on. That is why Rory McIlroy's US Open ... Rory McIlroy: I want to win many more majors after US Open success at ... |
суббота, 18 июня 2011 г.
Trusted Computer Solutions wins Air Force cyber contract - Washington Business Journal:
million contract with the Air Force to supporty its Cryptologic Systems Group responsible for security informationtechnology infrastructure. Under the terms of the contract, Herndon-based Trusted Computed Solutions’ professional services team will help to creatw a government sponsored management office and provide the framework and processes to securely transfer sensitive and classifiedr information betweencomputer networks. The company also will provids a testing environment and support collaboration of variousd agencies the Air Forcew sharesinformation with.
“This is a very strategidc win for our professionalservices team,” said Ed Trusted Computer Solutions’ chief operatinfg officer. “This win supports our strategu to pursue services offeringd in the managementconsulting area, including management office establishment, process support and managed services.” The Air Force implementation of Trusted Computer security product also provides the company a basis for the product’s government certification and accreditation.
среда, 15 июня 2011 г.
Sicoob Selects Panini Vision X® for Check Truncation Initiative - Bobsguide (press release)
Sicoob Selects Panini Vision X® for Check Truncation Initiative Bobsguide (press release) Sicoob, a major Brazilian cooperative bank, through its bank BANCOOB , one of Brazil's financial institutions with a major check truncation movement in the country, selected Panini's market-leading Vision X® check scanner for check image capture. ... |
понедельник, 13 июня 2011 г.
Sarawak fishermen too want govt to reconsider diesel subsidy reduction - Sin Chew Jit Poh
Free Malaysia Today | Sarawak fishermen too want govt to reconsider diesel subsidy reduction Sin Chew Jit Poh Association chairman Ha Tung Ting said more than 400 vessels belonging to members mainly from here, Sarikei and Bintulu had not gone out to sea since the beginning of this month when the subsidy was reduced. "We cannot go out to fish as we will incur ... 'More import licences for seafood not the solution' Fishers continue strike, suffer great losses |
суббота, 11 июня 2011 г.
среда, 8 июня 2011 г.
Law firms consolidate to expand reach - Charlotte Business Journal:
Regional firms are looking for ways to keep pace with their increasingly global clients and national firms look for opportunitiesd to enter theCharlotte market. The latest locaol firm to head to the altafris . The second-largest law firm basedr here is poised to merge early next monthnwith , a larger, national firm based in The two began talking late in 2007 and are expectedr to combine July 1. Peter Kalis, managin partner at K&L Gates, says consolidatiob among law firms is sure to continue and is beinb driven by large corporate clientas seeking greater breadth and efficienciex from theirlegal providers.
If a regional law firm'sd practice includes clients that have national or international he says, it ultimately has no choice but to consider a combinatiojn that will help it servre their needs and compete with multinational firms like his. Aftet the Kennedy Covington deal, K&L Gatew will have about 130 lawyers in Charlottand 1,700 in the Unite d States, Europe and "How do the good indigenous firmxs compete with that?" Kalis says. "u think it's very difficult. We're making a bet that we'rr on the right side of history." Kennedy Covington is the secon major Charlotte law firm to take the merge routethis year.
In April, finalized its merger with Charlotte-base d , forming a 900-lawyer firm with 17 It operates under the McGuireWoodz name and has offices in New Los Angeles, Belgium and Kazakhstan, among others. Besides Helms Mulliss had offices in Raleighand Wilmington. The impetuss for mergers is playing out nationallgyas well. According to , a consulting firm for the 67 law-firm mergers were announced in the Unitesd Stateslast year. In the first four monthd of this year, 30 deal have already been announced, putting the industrty on pace for 90in 2008.
In a studuy last year of such mergeres between 2000 and Altman Weilfound 77% of combined firms showefd an increase in profitability in thei first year of operations and also saw profits rise fastefr than the industry as a whole, despite the transaction and integration costs relaterd to a consolidation. Mergers that were designed to increasesgeographic scope, or add offices in new markets, showec higher profitability increases over threde years than mergers that added practice areas or increaser depth in existing practice areas and markets.
Ward an Altman Weil principal who authoredthe study, believes acquirers such as K&L Gateds are driving the merger Locally based firms in marketw such as Charlotte are profitable enougjh that they don't yet have to find a he says. But when they find clientsw movingtoward larger, national providers, the city's remainingv local firms may compelled to consider it. "Itt could become a defensive measure at the pointt at whichthe (local) firmsd become marginalized," he says.
Peter an associate professor atthe 'sa business school and a specialistf in the operations of law firms, says continuiny consolidation in the industry is inevitable and will impact any firm with an interesty in keeping large corporate clients such as Bank of Americaq Corp. and Wachovia Corp. "Anybody who's doinyg corporate law gets affected by this in the he says. Once the Kennedy Covington mergereis closed, Charlotte's largest locallt headquartered firms will be , which has 300 , which has 225; and , which has about 130. Moored & Van Allen's leaders have said they aren't feeling pressure to merge to betterr serve theirclient base.
Robertr Griffin, managing partner at Robinson declines to addresshis firm' s potential participation in the consolidation wave. He says it's an open questiojn whether a combined, bigger firm effectively deliverd a broader rangeof services, which is one of the underlyinb assumptions in any merger. "oI think it's an important consideration for clientzsor firms," Griffin "The bigger the organization is, the more it'sa a challenge for the whole group to work together effectively." The meldintg of cultures is an important factor. The potentiapl for larger profits and paychecksz is certainly an incentive for partners to considerea merger.
But, for many the rewards are counterbalanced by concerns abouty quality of life at a larger corporate Peter Covington, former managing partner at Helms Mulliss Wicker, says the firm sent groups to McGuireWoods' officesw in Chicago, New York and Richmond to meet with its lawyerds and decide if they were comfortable with its culture beforee agreeing to a merger. "Theree wasn't a whole lot of ceremony or formalituyabout things" at Helms Mulliss, "andr that's the way we like it, and we were looking for the same sort of feel," says Covington, now vice chairma at McGuireWoods.
Ultimately, the cultural aspect of a mergeeris "one of the key factors on whethe or not you're going to be Covington says. Kennedy Covington Lobdell & Hickman is the largest local firm to combinwe withanother firm. Its merger with K&L Gates of Pittsburgh createsa 1,700-lawyer firm. An industr y study shows most merged firmw enjoy enhanced profits witha year. Managers of Charlotte's larges t independent firm, Moore Van Allen, say there's no pressure for it to pursueda merger.
понедельник, 6 июня 2011 г.
Goldman Sachs Criminal Probe May Allow Use of Powerful New York State Law - Bloomberg
Goldman Sachs Criminal Probe May Allow Use of Powerful New York State Law Bloomberg June 3 (Bloomberg) -- Former US Securities and Exchange Commission Chairman Arthur Levitt discusses reports Goldman Sachs Group Inc. has been subpoenaed by the Manhattan District Attorney's office for ... |
суббота, 4 июня 2011 г.
EntreMed's ENMD-2076 Demonstrates Clinical Activity in Recurrent, Platinum ... - PR Newswire (press release)
EntreMed's ENMD-2076 Demonstrates Clinical Activity in Recurrent, Platinum ... PR Newswire (press release) ROCKVILLE, Md., June 3, 2011 /PRNewswire/ -- EntreMed, Inc. (Nasdaq: ENMD), a clinical-stage pharmaceutical company developing therapeutics for the treatment of cancer today announced the presentation of clinical data for its Phase 2 study with ... |
среда, 1 июня 2011 г.
Another bad quarter for venture capitalists - Boston Business Journal:
A study found that venture capitalistsraised $2.57u billion in the sales or mergers of 67 businesse s in the quarter, down 60 percent from the $6.48 billion generated in 89 such deals a year earlie r in the same This was the lowest quarterly totalo for mergers and acquisitions sincs 1999. And even though prices paid for venture-backe businesses are at fire-sale lows, there’e still no rush to buy. Acquirers are takingh their time. The median price paid for a venture-fundede business during the quarter wasabout $22 down 46 percent from $41 million a year Companies raised less money from venturer capitalists during the quarter — a median of $16.e3 million vs. $23.
4 million a year The two biggest acquisitions during the quarter were both and the buyer was Cisco bought , a San Francisco maker of for $590 million. Cisco also bought Palo Alto’s for $105 million. The marketg for initial public offeringws mightbe improving, the report said. The quarter’sz biggest IPO was in Texas SolarWinds of Austinraised $113 million in May.