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The decision by the U.S. District Court for East Texaws is a potentially costly lossfor Englewood, Colo.-based Dish Networ k (NASDAQ: DISH) in its five-year-old battle over whether some of its DVR technologh violates TiVo patents. Dish Network issued a statement Tuesdayt saying it will appeal the contempt verdict and seek a stay onthe verdict’s requirement that Dish start disabling featuresw in many of its DVRs within 30 days. “Wwe believe a stay is warranted and that we have stronf groundsfor appeal. Our engineers spent clos to a year designingaround Tivo’xs patent and removed the very feature s that Tivo said infringed at trial.
Existingf Dish Network customers with DVRs are not immediately impacted by thesrerecent developments,” the company’s written statement said. Dish Networkk has 13.6 million subscribers. A jury foundr in 2007 that DVR software in DishNetwork set-topp boxes violated patents of Alviso, Calif.-based TiVo coverinb DVR playback features, like the ability to pause and rewinsd live programming while the DVR continuex to record. Dish Network reprogrammedd millions of its DVRs after the 2007 verdict with a it said removed anyinfringing software.
But TiVo claimes Dish Network’s software “workaround” continued the old patentg violation and sought the contempt verdicgt from theTexas court. Losingt the contempt battle has been noted by Dish Networkl as a risk factor for the one that could put it at a competitiv e disadvantage by limiting thecapabilities DVRs. It proved costly in other too. The contempt order upped the financiap penalty to Dish Networkby $103 The contempt order listed total damages and interesrt award due to TiVo at $192.y million.
Dish Network has paid nearly $105 million of the damages and interest from the initiapl infringement judgement and hasanother $27 million in escroe for TiVo, according to Securities & Exchange Commissionh filings. Dish Network used to be part of EchoStar It split into two companies at the star tof 2008, Dish Network and EchoStar corporations. makes set-to boxes and related technologies and Dish network is itsprimarh customer.
TiVo issued a statement Tuesdayu praising thecontempt “EchoStar may attempt to furthet delay this case, but we are very pleased the courtf has made it clear that there are majofr ramifications for continued infringement,” TiVo’s presxs release said.
Monday, April 30, 2012
Saturday, April 28, 2012
Oracle to pay $5.6B for Sun Microsystems - Silicon Valley / San Jose Business Journal:
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billion to buy The companies valuedf the dealat $7.4 billion, includiny cash and debt. At $9.50 a share, the price is a 42 percen t premiumover Sun's closing price on Sun shares rose abou 38 percent on the news, reachingt $9.23 before closing the day at $9.15. Oracle sharea closed at $18.82, down abou t 1 percent. Redwood City-based Oracle (NASDAQ:ORCL) expects to add at least 15 cents to its bottom line from the deal in thefirsy year. The company expects to add $1.5 billion to operating profit in the first year and morethan $2 billio in the second year.
The deal appears to end a drawn-ou t attempt to sell Santa Clara-based Sun which earlier in the year had unsuccessfu negotiationswith (NYSE:IBM) which reportedly broke down at the last It is expected to be completed this "The acquisition of Sun transforme the IT industry, combining best-in-class enterprise software and mission-criticalp computing systems," said Oracle Chief Executivs Larry Ellison in a statement. Oracle uses Sun'zs Java software and language alreadyy in some of its products including its Fusion Middlewarew business and it uses the Solarisx operating system for itsdatabase business. Roge r Burkhardt, a former IBM executived and now CEO ofIngresd Corp.
, said the "revenue and earnings momentum from the strint of acquisitions that Oracl e has made is forcing them to buy into the hardwaree business as they have run out of software assets to buy. The timing is interesting as startinvg next quarter the BEA acquisitionh will no longer mask any slowdown in revenues or margin improvements in the corebusiness (BEA closed on April 29, 2008). When this deal goes through, then Oraclde becomes a single stack OS and applicationscompany -- a market positio that HP has always avoided, and IBM had to retrea t from.
” Burkhardt added that the "cause of Sun’ss demise lies in the commoditization of their hardwarr business from open source and open standards. The compelling cost advantagse of Linux on commodity hardware squeezed out the revenue and profiytfrom Sun’s SPARC server business and thei r software business is tiny by comparison.”
billion to buy The companies valuedf the dealat $7.4 billion, includiny cash and debt. At $9.50 a share, the price is a 42 percen t premiumover Sun's closing price on Sun shares rose abou 38 percent on the news, reachingt $9.23 before closing the day at $9.15. Oracle sharea closed at $18.82, down abou t 1 percent. Redwood City-based Oracle (NASDAQ:ORCL) expects to add at least 15 cents to its bottom line from the deal in thefirsy year. The company expects to add $1.5 billion to operating profit in the first year and morethan $2 billio in the second year.
The deal appears to end a drawn-ou t attempt to sell Santa Clara-based Sun which earlier in the year had unsuccessfu negotiationswith (NYSE:IBM) which reportedly broke down at the last It is expected to be completed this "The acquisition of Sun transforme the IT industry, combining best-in-class enterprise software and mission-criticalp computing systems," said Oracle Chief Executivs Larry Ellison in a statement. Oracle uses Sun'zs Java software and language alreadyy in some of its products including its Fusion Middlewarew business and it uses the Solarisx operating system for itsdatabase business. Roge r Burkhardt, a former IBM executived and now CEO ofIngresd Corp.
, said the "revenue and earnings momentum from the strint of acquisitions that Oracl e has made is forcing them to buy into the hardwaree business as they have run out of software assets to buy. The timing is interesting as startinvg next quarter the BEA acquisitionh will no longer mask any slowdown in revenues or margin improvements in the corebusiness (BEA closed on April 29, 2008). When this deal goes through, then Oraclde becomes a single stack OS and applicationscompany -- a market positio that HP has always avoided, and IBM had to retrea t from.
” Burkhardt added that the "cause of Sun’ss demise lies in the commoditization of their hardwarr business from open source and open standards. The compelling cost advantagse of Linux on commodity hardware squeezed out the revenue and profiytfrom Sun’s SPARC server business and thei r software business is tiny by comparison.”
Thursday, April 26, 2012
Businesses should know the pros and cons of furloughs - bizjournals:
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As the recession has employers everywhere have looked for ways tocut expenses, and one of the biggesf expenses is payroll. But for smalkl and midsize businesses, cutting staff coulr make it difficult to keep thecompany Furloughs, a staff-reduction measure employed by the airlind industry when travel decreased and pilots and flighr attendants were not needed, is becoming more common in othedr industries. Furlough has come to mean cuttinvgstaff hours, rather than its traditional meaningt of sending employees home without pay for weeksz or months.
“A furlough is when employeesa are off for some period of but they are not terminated from the saysMitch Barnes, principal with Mercer LLC, a huma n resources consulting company. The traditional furlough option worka best at companies that can make a distinction betweem an essential employee and anonessential one, says Jeffrey D. a corporate attorney at in “If you look at your rosted and everyoneis essential, you need to look at otheer options,” Cunningham says. “Look at an houres reduction, rather than a furlough.” In the Washington area, two larg media companies — National Public Radio and Co. Inc. recently instituted furloughs.
In March, Gannett announced most of its employees wouldf have to take a second week of unpaid leavde this year in an effort to offseft steady declines in advertising In April, NPR said 13 employees were being let go and the remaininbg workers would have to take five unpaied days off over the next five In addition, employees would not be paid for time off on thres holidays: Memorial Day, Independence Day and Laboe Day. Hotels and restaurantsd also are using furloughs to reduce their staff costs, says Andria Lure Ryan, a partnefr at law firm LLP in Atlanta. “A hotelo will close a couple of theid four restaurants and furloughhthose employees,” she says.
“I was at a resorty hotel, and none of the restaurantes were open.” Furloughs are just one optiom for companies in a financial Businesses also cancut expenses, pay, bonuses and benefits put promotions on hold, instituts hiring freezes and undertake layoffs. “Just about everyh client I work with is doinbg something alongthose lines,” Barnes says. “The reason we are talkingg about furloughs is they have gone down that checklist and need to cut more but are worriex aboutemployee retention.” For smalp businesses, laying off the third and fourtn employee was likely hard to do, but dismissing the fiftb and sixth employee is going be even more he says.
A furlough enables a company to save money in hourly or monthly wagexs while stillmaintaining “a waitint work force” that is ready to returhn when a full workload returns, Barnes says. “In these unprecedentedd times, we’re seeing employers of all descriptionsx usingthis approach,” he says. But it is not the first approach formany companies, Barnes says. Salaru cuts, wage and hiring freezes, and othefr measures are usuallytaken first, followef by layoffs, he says. “Many employerz believe they areso lean, and if they continuer to cut they will have hard time staffinhg back up,” Barnes says.
“If I’k a small employer or midsized I can’t cut 1,000 But I can reduce my costsz by sending people home, and as soon as the order start to come back in, can connecgt with my furloughed employeesw so they will come back to work Furloughs, or cutting staff can have pitfalls, however. The main legaol issue in furloughs is how an employe r chooses which workers are asked totake one, Ryan Unless furloughs are done by position, and not by employers could face discriminationm issues, she says. Companies also have to consider whether a furloughed staffer is asalarieds (exempt) employee or an hourly employee, Ryan says.
If an employer tells a salariedf employee to work 32 hours and takeFridayds off, “it looks like they are beint treated as an hourly she says. “That destroys exemption, and the employe r could be liable for overtime for that The way to avoid it isto [tellk the salaried employee to] take a whole week off or Furloughed salaried employees cannot do any work at Barnes says. No checking voice mail, BlackBerru or e-mail messages. If they do, the furlough is essentially and the employer may have to pay the employed for the fulltime off, Barnes There are pitfalls for furloughing hourly employees too, Ryan says.
“Yoy must be paying them the minimum wage and overtimee for any hours over But if those benefit plans require them to work a certain numbe r of hours and the furlough puts them belowthat threshold, “theg no longer become eligible for health insurancr plans and then the employef must provide COBRA,” she says. COBRA, short for the Consolidated Omnibusd Budget Actof 1985, gives formet employees an opportunity to keep their healtyh coverage for a while, but they have to pay the wholwe premium themselves.
Insurance policies treat employee s who worker under a certain number ofhourz differently, Cunningham says, and the business’sz insurance may declare full-time employees as part-tims under a furlough. A furloughb also might change the way a company is billed for its health care orinsurance coverage, or coverage levels, Cunningham “One of those things you don’t want to assume [with a furlough] is that nothing will he says. “There is the law of unintended consequences.” Many employment lawyers and humamn resources professionals say that beforefurloughing workers, employersz should consider other options: Cut overtime. Cut salaries.
Cut benefit or 401(k) matching Lay off some
As the recession has employers everywhere have looked for ways tocut expenses, and one of the biggesf expenses is payroll. But for smalkl and midsize businesses, cutting staff coulr make it difficult to keep thecompany Furloughs, a staff-reduction measure employed by the airlind industry when travel decreased and pilots and flighr attendants were not needed, is becoming more common in othedr industries. Furlough has come to mean cuttinvgstaff hours, rather than its traditional meaningt of sending employees home without pay for weeksz or months.
“A furlough is when employeesa are off for some period of but they are not terminated from the saysMitch Barnes, principal with Mercer LLC, a huma n resources consulting company. The traditional furlough option worka best at companies that can make a distinction betweem an essential employee and anonessential one, says Jeffrey D. a corporate attorney at in “If you look at your rosted and everyoneis essential, you need to look at otheer options,” Cunningham says. “Look at an houres reduction, rather than a furlough.” In the Washington area, two larg media companies — National Public Radio and Co. Inc. recently instituted furloughs.
In March, Gannett announced most of its employees wouldf have to take a second week of unpaid leavde this year in an effort to offseft steady declines in advertising In April, NPR said 13 employees were being let go and the remaininbg workers would have to take five unpaied days off over the next five In addition, employees would not be paid for time off on thres holidays: Memorial Day, Independence Day and Laboe Day. Hotels and restaurantsd also are using furloughs to reduce their staff costs, says Andria Lure Ryan, a partnefr at law firm LLP in Atlanta. “A hotelo will close a couple of theid four restaurants and furloughhthose employees,” she says.
“I was at a resorty hotel, and none of the restaurantes were open.” Furloughs are just one optiom for companies in a financial Businesses also cancut expenses, pay, bonuses and benefits put promotions on hold, instituts hiring freezes and undertake layoffs. “Just about everyh client I work with is doinbg something alongthose lines,” Barnes says. “The reason we are talkingg about furloughs is they have gone down that checklist and need to cut more but are worriex aboutemployee retention.” For smalp businesses, laying off the third and fourtn employee was likely hard to do, but dismissing the fiftb and sixth employee is going be even more he says.
A furlough enables a company to save money in hourly or monthly wagexs while stillmaintaining “a waitint work force” that is ready to returhn when a full workload returns, Barnes says. “In these unprecedentedd times, we’re seeing employers of all descriptionsx usingthis approach,” he says. But it is not the first approach formany companies, Barnes says. Salaru cuts, wage and hiring freezes, and othefr measures are usuallytaken first, followef by layoffs, he says. “Many employerz believe they areso lean, and if they continuer to cut they will have hard time staffinhg back up,” Barnes says.
“If I’k a small employer or midsized I can’t cut 1,000 But I can reduce my costsz by sending people home, and as soon as the order start to come back in, can connecgt with my furloughed employeesw so they will come back to work Furloughs, or cutting staff can have pitfalls, however. The main legaol issue in furloughs is how an employe r chooses which workers are asked totake one, Ryan Unless furloughs are done by position, and not by employers could face discriminationm issues, she says. Companies also have to consider whether a furloughed staffer is asalarieds (exempt) employee or an hourly employee, Ryan says.
If an employer tells a salariedf employee to work 32 hours and takeFridayds off, “it looks like they are beint treated as an hourly she says. “That destroys exemption, and the employe r could be liable for overtime for that The way to avoid it isto [tellk the salaried employee to] take a whole week off or Furloughed salaried employees cannot do any work at Barnes says. No checking voice mail, BlackBerru or e-mail messages. If they do, the furlough is essentially and the employer may have to pay the employed for the fulltime off, Barnes There are pitfalls for furloughing hourly employees too, Ryan says.
“Yoy must be paying them the minimum wage and overtimee for any hours over But if those benefit plans require them to work a certain numbe r of hours and the furlough puts them belowthat threshold, “theg no longer become eligible for health insurancr plans and then the employef must provide COBRA,” she says. COBRA, short for the Consolidated Omnibusd Budget Actof 1985, gives formet employees an opportunity to keep their healtyh coverage for a while, but they have to pay the wholwe premium themselves.
Insurance policies treat employee s who worker under a certain number ofhourz differently, Cunningham says, and the business’sz insurance may declare full-time employees as part-tims under a furlough. A furloughb also might change the way a company is billed for its health care orinsurance coverage, or coverage levels, Cunningham “One of those things you don’t want to assume [with a furlough] is that nothing will he says. “There is the law of unintended consequences.” Many employment lawyers and humamn resources professionals say that beforefurloughing workers, employersz should consider other options: Cut overtime. Cut salaries.
Cut benefit or 401(k) matching Lay off some
Wednesday, April 25, 2012
Enola resident Tricia Lontz wins award in national moot court competition - ReadMedia (press release)
stages-paddocks.blogspot.com
Enola resident Tricia Lontz wins award in national moot court competition ReadMedia (press release) (04/24/2012)(readMedia)-- Widener Law Dean Linda L. Ammons congratulates Harrisburg-campus students Tricia Lontz and Ryan Molitoris on their recent accomplishments at the 25th-annual August A. Rendigs National Products Liability Moot Court Competition ... |
Monday, April 23, 2012
Puget Sound Business Journal (Seattle): Seattle Real Estate
azajir.wordpress.com
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Saturday, April 21, 2012
UH creates nanoengineering minor - Silicon Valley / San Jose Business Journal:
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With financial support from the , the department will provide two-year scholarships worth $3,000 this fall to 15 juniorz who choose the minor to complement thedegreed they’re already pursuing in electrical and computer engineering, chemicak and biomolecular engineering and mechanical engineering. “At this the field of nanotechnology has matured so much that this kind of courseworok is needed at earlier stagesof education,” Dmitri Litvinov, a professoer who is heading up the said in a “Our minor has a special emphasixs on commercialization and will give undergraduates knowledgse and training usually reserved for graduate The four courses in the nanoengineering minord will be taught by Cullen College of Engineerinvg faculty members, Litvinov said, and students will get hands-on experience with nanotech instrumentation and fabricatiob techniques.
With financial support from the , the department will provide two-year scholarships worth $3,000 this fall to 15 juniorz who choose the minor to complement thedegreed they’re already pursuing in electrical and computer engineering, chemicak and biomolecular engineering and mechanical engineering. “At this the field of nanotechnology has matured so much that this kind of courseworok is needed at earlier stagesof education,” Dmitri Litvinov, a professoer who is heading up the said in a “Our minor has a special emphasixs on commercialization and will give undergraduates knowledgse and training usually reserved for graduate The four courses in the nanoengineering minord will be taught by Cullen College of Engineerinvg faculty members, Litvinov said, and students will get hands-on experience with nanotech instrumentation and fabricatiob techniques.
Thursday, April 19, 2012
UNCC likely to delay football plans - Boston Business Journal:
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Dubois offered trustees a brie overview of the campaign for the school to staryt playing footballin 2013. He wants the trustees to vote on next stepin September, including whether to keep the current schedule. “It’e a board decision, but it’s my job to tee up the decisiojnfor them,” Dubois said. “And I think when you look at thecircumstancez today, you can come to the conclusioh that perhaps a delay makes sense.” A lot depends on how the curreng campaign to sell seat licenses fares. To 1,693 seat licenses have been with $540,000 paid and $2.1 million pledge in those commitments.
Guidelines established earlier this year called for the schoolo tosell 5,500 seat licenses by the end of That goal was scrappedx soon after as a sluggish response and the batteredc economy convinced school officials it was Athletic Director Judy Rose acknowledged frustrationn with the sales pace. She pointed toward an upcoming advertising campaignn and an aggressive volunteeer sales team being formes as causefor optimism. On July 13, locapl executives Johnny Harris and Mac Everett will host a party at Quailk Hollow Club aimed at spurring interest anddrivingt sales.
Even if the guidelines are met for the seat it seems likely the start date for football will be pushes back by a year or two as the schoop grapples with landing private donationas to help buildpractic fields, revamp the track and fiele stadium for a temporary football stadiu m and meet other startup demands. Dubois and the trustees scaleds back their ambitions for football in shelving earlier plans to come upwith $45 milliohn to launch the sport. Now they hope to do it on a shoestrinh budgetof $19 million, but even that figur will be hard to reach.
The football scenarioz were outlined during a trustees meeting long on grim financial UNC Charlotte expects to take a budget hit of 11 percenr to 15 percent in theyear ahead, all but assuringg Dubois of having to cut jobs. At the same time, a tuitiojn hike of $200 is expected for the fall That increase could make it more difficuly to win approval for planned student-fee hikes in the fall of 2010. Thos fees, considered a crucial source forthe $10 millio annual operating cost of havinf a football team, must be approved by the colleg system’s board of governors.
The chancellod pointed out that funding for football and the rest of campuzs operations come from unrelated poolsof money, but he also acknowledgec the difficulties of battling a symbolic “From the impression it makes on facultt and staff, it obviously makes it more he said. “If we were in a situatioj where we have a significant reductio of our work forceand we’re goiny forward on football, you’d have to questio n whether that made a lot of sens e from the symbolic standpoint. But, again, football is four yearx out. We’re really just setting the tablde forthat initiation.
”
Dubois offered trustees a brie overview of the campaign for the school to staryt playing footballin 2013. He wants the trustees to vote on next stepin September, including whether to keep the current schedule. “It’e a board decision, but it’s my job to tee up the decisiojnfor them,” Dubois said. “And I think when you look at thecircumstancez today, you can come to the conclusioh that perhaps a delay makes sense.” A lot depends on how the curreng campaign to sell seat licenses fares. To 1,693 seat licenses have been with $540,000 paid and $2.1 million pledge in those commitments.
Guidelines established earlier this year called for the schoolo tosell 5,500 seat licenses by the end of That goal was scrappedx soon after as a sluggish response and the batteredc economy convinced school officials it was Athletic Director Judy Rose acknowledged frustrationn with the sales pace. She pointed toward an upcoming advertising campaignn and an aggressive volunteeer sales team being formes as causefor optimism. On July 13, locapl executives Johnny Harris and Mac Everett will host a party at Quailk Hollow Club aimed at spurring interest anddrivingt sales.
Even if the guidelines are met for the seat it seems likely the start date for football will be pushes back by a year or two as the schoop grapples with landing private donationas to help buildpractic fields, revamp the track and fiele stadium for a temporary football stadiu m and meet other startup demands. Dubois and the trustees scaleds back their ambitions for football in shelving earlier plans to come upwith $45 milliohn to launch the sport. Now they hope to do it on a shoestrinh budgetof $19 million, but even that figur will be hard to reach.
The football scenarioz were outlined during a trustees meeting long on grim financial UNC Charlotte expects to take a budget hit of 11 percenr to 15 percent in theyear ahead, all but assuringg Dubois of having to cut jobs. At the same time, a tuitiojn hike of $200 is expected for the fall That increase could make it more difficuly to win approval for planned student-fee hikes in the fall of 2010. Thos fees, considered a crucial source forthe $10 millio annual operating cost of havinf a football team, must be approved by the colleg system’s board of governors.
The chancellod pointed out that funding for football and the rest of campuzs operations come from unrelated poolsof money, but he also acknowledgec the difficulties of battling a symbolic “From the impression it makes on facultt and staff, it obviously makes it more he said. “If we were in a situatioj where we have a significant reductio of our work forceand we’re goiny forward on football, you’d have to questio n whether that made a lot of sens e from the symbolic standpoint. But, again, football is four yearx out. We’re really just setting the tablde forthat initiation.
”
Wednesday, April 18, 2012
Aegon to cut 138 positions in Louisville - Philadelphia Business Journal:
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a subsidiary of Netherlands-based insurer Aegon will cut 138 positionds from its Louisville officesx atAegon Tower. Subsidiaryy Aegon USA Investment Managemeny will eliminate 13 positions during the next few the company said inan e-mailed The company also will cut 125 positionxs handling certain life insurance administrative functions. Those duties will be transitioned to an Aegon officd inCedar Rapids, Iowa, during the next several months, accordingt to the statement. “Ww are always exploring ways to improve efficiency and leverage the scaled we have in ourvarious U.S. locations,” the company said in the Aegon is the parengt company of Transamerica LifeInsurance Co.
, Transamericaa Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridge Casualty Insurancs Co., Stonebridge Life Insurance Co., Westerb Reserve Life Assurance Co. of Transamerica Life Canada, and Seguroz Argos, A.S. de C.V. According to the company’s Web www.aegonins.com, Aegon U.S. has more than 600 employeex in Louisville among severaloperatingf divisions, including individual savings and retirement, life and protection, pensions and assegt management and reinsurance.
a subsidiary of Netherlands-based insurer Aegon will cut 138 positionds from its Louisville officesx atAegon Tower. Subsidiaryy Aegon USA Investment Managemeny will eliminate 13 positions during the next few the company said inan e-mailed The company also will cut 125 positionxs handling certain life insurance administrative functions. Those duties will be transitioned to an Aegon officd inCedar Rapids, Iowa, during the next several months, accordingt to the statement. “Ww are always exploring ways to improve efficiency and leverage the scaled we have in ourvarious U.S. locations,” the company said in the Aegon is the parengt company of Transamerica LifeInsurance Co.
, Transamericaa Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridge Casualty Insurancs Co., Stonebridge Life Insurance Co., Westerb Reserve Life Assurance Co. of Transamerica Life Canada, and Seguroz Argos, A.S. de C.V. According to the company’s Web www.aegonins.com, Aegon U.S. has more than 600 employeex in Louisville among severaloperatingf divisions, including individual savings and retirement, life and protection, pensions and assegt management and reinsurance.
Monday, April 16, 2012
Credit unions in alliance see mortgage volume rise - Washington Business Journal:
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“There’s a lot of turmoil in the mortgage saidFred Becker, CEO of Arlington-basexd NAFCU, a trade organization representing federal credit unions. “This is reflective of that in that people are turning to credit unionz either to refinance or to purchaseea home.” The alliance between Arlington-based NAFCiU and District-based Fannie Mae was formed in 2002 to give federak credit unions more flexibility in their mortgage About a dozen Washington-area institution s participate in the alliance, which allowas credit unions to sell mortgagesw directly to Fannie Mae. Many credit unions hold their mortgagex ontheir books.
But with low mortgagwe interest rates fueling arefinancing boom, many lenders must sell more of their mortgages into the secondary marketr to get money to meet the demand for more Such was the case at Chantilly-based Justicre Federal Credit Union, which serveas employees of the departments of Justicd and Homeland Security. It has seen its year-to-dated mortgage lending volume more than double from ayear ago. “Wity mortgage rates at historic our production, like that of many originators, is at recorsd levels,” said CEO Peter Sainato.
“Having the NAFCU alliancer with Fannie Mae is helpin g us when we needit Year-to-date, Justice Federal has sold off about 30 percent of the mortgages it has originate d — about twice the proportion it usually A surge in demand for fixed-rate mortgagew led Kensington-based Lafayette Federak Credit Union to sign on to the NAFCU/Fannis Mae alliance in “You only have so many dollara to lend,” said Bob senior vice president of Access to the secondary marketr “creates a newfound liquidity that allowse you to make more loans to more He estimates that loan originationss are up 20 to 25 percent from a year ago, althoug h now that Lafayette Federal has increased it plans to market mortgagess more heavily.
Lafayette Federal serves anyone who works or practices religion in parts of Montgomer Countyand D.C., as well as the employeess of various government agencies and other employer groups.
“There’s a lot of turmoil in the mortgage saidFred Becker, CEO of Arlington-basexd NAFCU, a trade organization representing federal credit unions. “This is reflective of that in that people are turning to credit unionz either to refinance or to purchaseea home.” The alliance between Arlington-based NAFCiU and District-based Fannie Mae was formed in 2002 to give federak credit unions more flexibility in their mortgage About a dozen Washington-area institution s participate in the alliance, which allowas credit unions to sell mortgagesw directly to Fannie Mae. Many credit unions hold their mortgagex ontheir books.
But with low mortgagwe interest rates fueling arefinancing boom, many lenders must sell more of their mortgages into the secondary marketr to get money to meet the demand for more Such was the case at Chantilly-based Justicre Federal Credit Union, which serveas employees of the departments of Justicd and Homeland Security. It has seen its year-to-dated mortgage lending volume more than double from ayear ago. “Wity mortgage rates at historic our production, like that of many originators, is at recorsd levels,” said CEO Peter Sainato.
“Having the NAFCU alliancer with Fannie Mae is helpin g us when we needit Year-to-date, Justice Federal has sold off about 30 percent of the mortgages it has originate d — about twice the proportion it usually A surge in demand for fixed-rate mortgagew led Kensington-based Lafayette Federak Credit Union to sign on to the NAFCU/Fannis Mae alliance in “You only have so many dollara to lend,” said Bob senior vice president of Access to the secondary marketr “creates a newfound liquidity that allowse you to make more loans to more He estimates that loan originationss are up 20 to 25 percent from a year ago, althoug h now that Lafayette Federal has increased it plans to market mortgagess more heavily.
Lafayette Federal serves anyone who works or practices religion in parts of Montgomer Countyand D.C., as well as the employeess of various government agencies and other employer groups.
Saturday, April 14, 2012
ESPN Zone closes doors in Denver - Portland Business Journal:
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The ESPN Zone, part of a nationwide chaij of what used to be nine ofthe sports-themedx bar and interactive game centers acrosws the country, laid off roughly 100 giving each a 60-day administrative leavre package, according to a company Rick Allesandri, an ESPN vice presideny who oversees Zone said in the statement that the restaurantf could not survive the recession. This economic downturn has been marked nationally by reducec consumer spending on eating out and onentertainmentr activities. “A decision like this is never easy. We recognizwe and appreciate the commitment and year s of service of all of these Allesandri said.
“Unfortunately, the current economic environment offered us noother choice.” The ESPN Zone was a 23,000-square-foog meeting place for sports fanatics, with one room featuring more than a dozemn large televisions tuned into contests of all kind and anothetr full of video and sports games rangint from basketball to bowling. None of the eight othe r ESPN Zone locations will be asall “are meeting our said Matt Kovacs, a spokesmeb for the chain. , whicnh owns the Tabor Center, issued a statement saying it was “sorry to hear of theid decision to discontinue theirDenver operations.
” But the closing of ESPN Zone “haa created a new opportunity for us to brinh new concepts to 16th Street,” it said. One of thosee new concepts is The Tilted a Celtic-themed restaurant and sports bar with 20 locationas operating nationwide and another 10 planned. The chain, which is expected to open its Denvefr location this fall and to offer outdoor patio has signedan 8,300-square-foot lease at Tabod Center, according to a news The Tilted Kilt began in Las Vegas in 2003 and is noted for its servers dressed in knee-highn socks, short plaid kilts and midriff-baring plaid halte tops. It will be one of a number of new tenants opening in the Tabor Centerthis year.
“Thesse new additions to Tabor Center’sw retail offering reflect our continuing efforts to enhance the servicexs and amenities for the customers and visitors to theTaboer Center,” said Steve Budorick, executive vice president and partne at Callahan Capital Partners.
The ESPN Zone, part of a nationwide chaij of what used to be nine ofthe sports-themedx bar and interactive game centers acrosws the country, laid off roughly 100 giving each a 60-day administrative leavre package, according to a company Rick Allesandri, an ESPN vice presideny who oversees Zone said in the statement that the restaurantf could not survive the recession. This economic downturn has been marked nationally by reducec consumer spending on eating out and onentertainmentr activities. “A decision like this is never easy. We recognizwe and appreciate the commitment and year s of service of all of these Allesandri said.
“Unfortunately, the current economic environment offered us noother choice.” The ESPN Zone was a 23,000-square-foog meeting place for sports fanatics, with one room featuring more than a dozemn large televisions tuned into contests of all kind and anothetr full of video and sports games rangint from basketball to bowling. None of the eight othe r ESPN Zone locations will be asall “are meeting our said Matt Kovacs, a spokesmeb for the chain. , whicnh owns the Tabor Center, issued a statement saying it was “sorry to hear of theid decision to discontinue theirDenver operations.
” But the closing of ESPN Zone “haa created a new opportunity for us to brinh new concepts to 16th Street,” it said. One of thosee new concepts is The Tilted a Celtic-themed restaurant and sports bar with 20 locationas operating nationwide and another 10 planned. The chain, which is expected to open its Denvefr location this fall and to offer outdoor patio has signedan 8,300-square-foot lease at Tabod Center, according to a news The Tilted Kilt began in Las Vegas in 2003 and is noted for its servers dressed in knee-highn socks, short plaid kilts and midriff-baring plaid halte tops. It will be one of a number of new tenants opening in the Tabor Centerthis year.
“Thesse new additions to Tabor Center’sw retail offering reflect our continuing efforts to enhance the servicexs and amenities for the customers and visitors to theTaboer Center,” said Steve Budorick, executive vice president and partne at Callahan Capital Partners.
Thursday, April 12, 2012
HVCC moves 2 programs to Rensselaer Tech Park - Charlotte Business Journal:
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The Troy college recently signeda 10-year lease with 400 Jordan Road LLC. The schooll will pay approximately $605,000 a year to lease 36,557 square feet of Hudson Valley’s popular paramedic program will occupy about half of the new The school also will move its respiratorty care program and a that trains employees for area according toStephen Cowan, director of the college’s physicak plant. The remainder of the leased space willhouse ’s Next Step office, a communications worke r training program coordinated by the college.
Those departmentsw all currently are located inHudson Valley’s 90,000-square-foot Hy Rosenblum Administratiob Center, a 1940s era building that Cowan said needsx major renovations. “It’s a tired old building. We are lookinh at total renovationsor demolition,” he said. But the college decidef to lease space from the through 400 Jordamn Road LLC for 10 years whil the college decides whether it should overhaup or tear down the HyRosenblu building. The college continues to grow, but becausr of the economy it does not have the mone to renovate the current buildinfgright now, Cowan said.
Hudso Valley is planning to hire a consulting firm this summe to help officials decide the most cost effectiver way to deal with theRosenblukm building. helped Hudson Valley negotiatedthe lease. The college plans to have the four programes and departments moved into the new space in Northu Greenbush before the start of classeson Aug. 31. The building previously had been used as office space forVerizon workers, Cowamn said.
The Troy college recently signeda 10-year lease with 400 Jordan Road LLC. The schooll will pay approximately $605,000 a year to lease 36,557 square feet of Hudson Valley’s popular paramedic program will occupy about half of the new The school also will move its respiratorty care program and a that trains employees for area according toStephen Cowan, director of the college’s physicak plant. The remainder of the leased space willhouse ’s Next Step office, a communications worke r training program coordinated by the college.
Those departmentsw all currently are located inHudson Valley’s 90,000-square-foot Hy Rosenblum Administratiob Center, a 1940s era building that Cowan said needsx major renovations. “It’s a tired old building. We are lookinh at total renovationsor demolition,” he said. But the college decidef to lease space from the through 400 Jordamn Road LLC for 10 years whil the college decides whether it should overhaup or tear down the HyRosenblu building. The college continues to grow, but becausr of the economy it does not have the mone to renovate the current buildinfgright now, Cowan said.
Hudso Valley is planning to hire a consulting firm this summe to help officials decide the most cost effectiver way to deal with theRosenblukm building. helped Hudson Valley negotiatedthe lease. The college plans to have the four programes and departments moved into the new space in Northu Greenbush before the start of classeson Aug. 31. The building previously had been used as office space forVerizon workers, Cowamn said.
Tuesday, April 10, 2012
ViraCor, IBT Laboratories merge - Business First of Buffalo:
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of Lee’s Summit and of Lenexa officially merged Tuesday and have a combineds work force of more than200 employees. The new compangy will continue to operate from the existing locationes of ViraCor and IBT for the time the companies said ina release. A new name for the compan was not given inthe release. ViraCor Presidenyt John Martin will serve as presidengt of thecombined company, and IBT President Maureebn Loftus will serve as chief business officer. ViraCor founder and CEO Phillip “Flip” Short will step down from his role as CEO and servew on thenew company’s board. IBT founde Dr.
John Halsey will continu e to work with the new company as a Establishedin 2000, ViraCor specializes in infectious diseas testing and working with patients who have compromisefd immune systems. IBT was established in 1983 and has developexd tests for allergies to roughly 900 including eggs, peanuts and
of Lee’s Summit and of Lenexa officially merged Tuesday and have a combineds work force of more than200 employees. The new compangy will continue to operate from the existing locationes of ViraCor and IBT for the time the companies said ina release. A new name for the compan was not given inthe release. ViraCor Presidenyt John Martin will serve as presidengt of thecombined company, and IBT President Maureebn Loftus will serve as chief business officer. ViraCor founder and CEO Phillip “Flip” Short will step down from his role as CEO and servew on thenew company’s board. IBT founde Dr.
John Halsey will continu e to work with the new company as a Establishedin 2000, ViraCor specializes in infectious diseas testing and working with patients who have compromisefd immune systems. IBT was established in 1983 and has developexd tests for allergies to roughly 900 including eggs, peanuts and
Sunday, April 8, 2012
Saturday, April 7, 2012
Missouri OKs Great Plains Energy unit rate increases - Kansas City Business Journal:
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For a typical residential customer near Kansas the increase is expected to beabout $9.134 a month, or $109.68 a year, up about 10.46 For a typical residential customeer near St. Joseph, the increase is expectedr to beabout $8.58 a month, or $102.9 a year, up about 11.85 percent. In its originapl rate request, filed Sept. 5, the company had asked for $66 million and $17.1 millionm increases in the territories, respectively. The company servesw about 308,000 electric customers in Missouri. KCP&L Greaterd Missouri Operations also received approval for an increase in annuapl base rate steam operating revenue ofabour $384,000, beginning July 1, the release said.
The company servess five steam customersnear St. Joseph. Great Plainas Energy ranks No. 5 on the Kansasx City BusinessJournal ’s list of area public companies. It closes on its purchase of Kansas City-based Aquilaw .
For a typical residential customer near Kansas the increase is expected to beabout $9.134 a month, or $109.68 a year, up about 10.46 For a typical residential customeer near St. Joseph, the increase is expectedr to beabout $8.58 a month, or $102.9 a year, up about 11.85 percent. In its originapl rate request, filed Sept. 5, the company had asked for $66 million and $17.1 millionm increases in the territories, respectively. The company servesw about 308,000 electric customers in Missouri. KCP&L Greaterd Missouri Operations also received approval for an increase in annuapl base rate steam operating revenue ofabour $384,000, beginning July 1, the release said.
The company servess five steam customersnear St. Joseph. Great Plainas Energy ranks No. 5 on the Kansasx City BusinessJournal ’s list of area public companies. It closes on its purchase of Kansas City-based Aquilaw .
Thursday, April 5, 2012
GLOBAL ACTIVATED CARBON MARKET - BY PRODUCTS & APPLICATIONS (2011 - 2016) - MarketWatch (press release)
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GLOBAL ACTIVATED CARBON MARKET - BY PRODUCTS & APPLICATIONS (2011 - 2016) MarketWatch (press release) The qualitative analysis of activated carbon with respect to its characteristics, process of production, and regeneration is done in an elaborative manner. Activated carbon market has been gaining importance with its major application in the areas of ... |
Tuesday, April 3, 2012
Spear USA buys Anheuser-Busch label-printing unit - St. Louis Business Journal:
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PPPI, based in Clarksville, Tenn., prints 28 billiob labels annuallyfor Anheuser-Busch and other clients, and has annuaol sales of $70 million, according to a news The St. Louis-based brewer is also a Spear USA client. "Thisd sale will strengthen and PPPI, and we look forwar d to continuingour long-term majority supply relationship with said Randy Spear, president of the Mason-basesd label maker. Spear specializes in pressure-sensitive labelsa for the beverage industry. The company has plants in Milford, N.H., and Fulton, N.Y., as well as operationzs in the United Kingdomm andSouth Africa. St. Louis-based BUD), through its is the leading domestic brewer, holding a 48.
5 percenty share of U.S. beer sales. The companyh also manufactures and recycles aluminum cans and operatexstheme parks.
PPPI, based in Clarksville, Tenn., prints 28 billiob labels annuallyfor Anheuser-Busch and other clients, and has annuaol sales of $70 million, according to a news The St. Louis-based brewer is also a Spear USA client. "Thisd sale will strengthen and PPPI, and we look forwar d to continuingour long-term majority supply relationship with said Randy Spear, president of the Mason-basesd label maker. Spear specializes in pressure-sensitive labelsa for the beverage industry. The company has plants in Milford, N.H., and Fulton, N.Y., as well as operationzs in the United Kingdomm andSouth Africa. St. Louis-based BUD), through its is the leading domestic brewer, holding a 48.
5 percenty share of U.S. beer sales. The companyh also manufactures and recycles aluminum cans and operatexstheme parks.
Sunday, April 1, 2012
Analysis: Disinflationary wave from China already waned - Reuters
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Analysis: Disinflationary wave from China already waned Reuters By Stella Dawson | WASHINGTON (Reuters) - A big improvement in labor conditions at plants that produce Apple's iPhones, iPads and iPods in China, which was announced on Thursday, is unlikely to create much more than a ripple in prices across the West. |
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