San Antonio approves CPS Energy

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City Council approved funding forCPS Energy’s STEP (Savr for Tomorrow Energy Plan). “STEP is our aggressive energy-efficiency and conservatiomn initiative that seeks to reduce growth in electricao demand by 771 megawatts by saysSteve Bartley, CPS Energy’s interim general manager. “That’s the equivalenft of a large power plant. The essence of STEP is to invesyt some money in energy efficiency now and save customerse more money in thelong run.” This represents one of the largesg energy-efficiency efforts ever undertaken by a majorr city, Bartley says.
Residential customers will be able to take advantagwe of rebatesfor attic, ceiling and wall cool roofs; and Energy Star Commercial customers will be able to apply for rebatesw on heating, ventilating and air conditioninvg equipment; high-efficiency lighting; and roof and windoa replacements. To pay for this customers will see an increase in the fuel adjustment charge on customers’ monthly CPS Energh bills. Monthly bills should increase 3 centesin 2009, 38 cents in 2010 and 95 centd in 2011, respectively.
CPS Energy is owned by the City ofSan

Fred

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The Memphis-based discount retailer reportedf net incomeof $8.6 million, or 21 cents per dilutedr share, for first quarter 2009, up 17.8 percent compared to net incomr of $7.3 million, or 18 cents per diluter share in first quarter 2008. The company had totalp first quarter salesof $458.4 million, down 1.3 percent comparerd to $464.3 million for first quarter 2008. In 2008, Fred’ds (NASDAQ: FRED) closed 74 underperformin g stores and 23 underperforming Excluding stores closedlast year, the compan increased total sales 5 percent in the first quarter compares to the same year-ago period. On a comparable store basis, year-to-date saless increased 2.8% compared with 2.
1% in the same period last Fred’s CEO Bruce A. Efirdx said he expected to see more improvement in theseconr quarter. “This will be a formidablee task as we will be contending with the economic stimuluse checks consumers received last year and record unemployment he said ina statement. "We also plan to launchh our enhanced store prototype in approximately 16 new and remodeled stores during theseconcd quarter." During the first quarter, Fred's opened three new stores and threse new pharmacies, while closingg three pharmacies.
Fred’s board of directors also increasesdthe company’s quarter cash dividend to 3 cents per shares from the prior rate of 2 centsd per share. The dividend is payables on June 15 to shareholders of recorr as ofJune 1. Fred's operate s 666 discount generalmerchandise stores, including 24 franchisecd stores. Shares of Fred’s were trading lowerd in late Thursday trading, down about 5 percenyt to $13.14 per share.

To find the needles, reduce the haystack - Los Angeles Times

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Los Angeles Times

To find the needles, reduce the haystack Los Angeles Times In haystack searches, the first crucial step is to reduce the size of the haystack, so that we are searching all the hay that might contain needles without ... and more »

Blackberry confident India's concerns will be resolved - Hindustan Times

http://studenica.org/news/10decembar2008.html

Reuters

Blackberry confident India's concerns will be resolved Hindustan Times ... in Motion (RIM) Friday said that it is confident that the security concerns of the Indian government will be resolved to their mutual satisfaction. ... RIM says confident of resolving India concerns Reuters RIM certain it can avoid India BlackBerry ban Electronista RIM denies agreement to hand BES access to India ZDNet UK (blog)  »

Death toll from Vietnam's fresh floods rises to 19 - Washington Post

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Death toll from Vietnam's fresh floods rises to 19 Washington Post The agency said the floods have begun receding after submerging nearly 30000 homes and damaged 35000 acres (14000 hectares) of rice paddies and other crops. ... and more »

Metro looks to keep guns out of bars - Nashville Business Journal:

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The controversial bill, vetoed by Gov. Phil Bredesenm and decried by some law enforcement and many was effectively made law when both the Tennessee Housde of Representatives and Senate overrode the vetothis week. Now, several councilk members want to use a local ordinance to circumvent thestate law. They are pushinhg to add a restriction to beerpermitzs — which are issued by Metro that would require some 1,500 bars and restaurants to have a no-gunse policy. When the new law takesa effect, bars and restaurants can try to stop gun holders from enterinv by posting a sign at the door statintthe policy, with violators risking a $500 fine.
But thos who oppose guns say the signs will call even more attentiohn tothe controversy, and could frightenh patrons and tourists, as well as rais questions about their liability for incidents involving Councilman Charlie Tygard says he plans to starr inquiries immediately as to the legality of the county-widse ban.

Region weathers job losses - Philadelphia Business Journal:

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Nationally, initial jobless claimas last week increasedto 573,000, the highest level since 1982.U.S. employers cut 533,000 jobs in according to the U.S. Labor Department’ws Bureau of Labor Statistics, which said the figured is the largest loss of jobs in one monthsincs 602,000 vanished in December 1974. It puts the nation’a unemployment rate at 6.7 In October, the most recentg month for which local figuresare available, the region had an unemploymengt rate of 5.7 percent, 0.8 percentage points below the then-nationalk rate of 6.5 percent, the BLS said.
One measure of job loss in New Jerseyh and Pennsylvania is the number of employees listed in noticese filed under the Worker Adjustment andRetrainingv Notification, or WARN, Act, which requires most employers with 100 or more workere to give workers and local and stat e governments 60 days notice of planned planft closings or mass layoffs. So far this 35 companies in the five-countg Philadelphia area have filed WARN noticescovering 4,21 0 workers with the That compares to 38 companies warningh about 4,480 job cuts by this time last In Burlington, Camden and Gloucested counties, 14 companies have filed notices affectingh 2,540 workers with the New Jersey Department of Labor and Workforcw Development, compared to only eight companies warninyg of 781 job lossez over all of last year.
Companies that have majotr operations in the area have implemented or announced atleasrt 19,500 job cuts, including more than 1,600 in the this year. The vast majorith come from four largepharmaceutical companies, which plan to shed 14,00 jobs. of Berwyn announced just Wednesdah it would layoff 2,500, but didn’t say how many would be local. The cuts also include 900 local jobs byWest Chester-basedf ; 190 jobs by Wayne-based recruiting softwarre company , which didn’t specify and 150 by the National Footbal League, which include a yet-to-be-determined number in Mount Laurel, N.J.
One reasojn the region seems to be farinvg better than the nation as a whole is its strengtbh in the education and healthservices sector. It’es the area’s second largest of 10 sectors, with 18.1 percentg of the employment, according to Select Greater which promotes the regionto businesses. Only two of the five broadf sectors delineated in the nationwider BLS release gained jobs in November education andhealth services, which added and government, which added “I used to say the Philadelphia region suffered from negativw serendipity; if industries would have a problem, it always seemee that it was industries we had.
In this case and in this the exact opposite seemzs to bethe case,” said Joel Naroff, chiefr economist for . In education, the area’s collegee and universities haven’t announced any layoffs, although has implemented a hirinh freeze and the has put in plac esomething that’s quite close to one. Big Pharma, big cuts In healthy care, the pharmaceutical industry has been hit hardestt byjob cuts. Four big pharmaceutical companies with large operations in theregion Wyeth, plc, plc and — this year have announced plans to shed more than 14,000o jobs through layoffs and not filling vacancies over the next few Wyeth of Madison, N.J.
, whicn has the headquarters for its pharmaceutical operationw in Collegeville, said 360 Pennsylvania jobs have been eliminatedd this year. AstraZeneca, which is based in Londobn and hasits U.S. headquarters in Wilmington, said most of its layoffe occurred outside of theUnited States. Merck of Whitehousre Station, N.J., and GSK, which has its U.S. headquarters in Researcb Triangle Park, N.C., wouldn’t say how many loca jobs they are cutting. As city maked cuts, retail shrinks Although the governmentr sector addedjobs nationally, the city of Philadelphiza wasn’t so lucky.
It plan s to lay off 220 employees and eliminate nearly 600unfilledx positions, more than 1,660 seasonal part-time jobs and about 570 contractual, non-city jobs. Government is the fourtb largest sector inthe area, with 13.9 percentt of the region’s jobs. The largest sectort is trade, transportation and utilities, which make up 18.8 percengt of the region’s jobs. It includes wholesalers and the latter of which have cut positionzs inthe area. The biggest retail blow came in Augustwhen ’s Department Store LLC of Reading closed its storeds in the Oxford Valley and Montgomery which employed 135 and 146, Tweeter, the Canton, Mass.
, electronics retaileer that filed for bankruptcy reorganization last liquidated six area stores that employed 96 earlie this month. The professional and business services sector, whichu is the area’s third largesty with 14.9 percent of workers, has fared relatively well so far. Only a small number of the roughly 4,409 lawyers employed by the 25 largest law firms in the region have beenlet go, but law firmds are cutting support staff. laid off 50 legalp secretaries over the summer and 115 support stafd earlierthis month. let go of 25 people, laid off 22 employeex in marketing and related departments and laid off 13support staff.
Financer and manufacturing are tied forthe region’e fifth-largest sector, with 7.9 perceng of the area’s jobs. The financial sector is gettinyclobbered nationally, but the area isn’t beiny hurt as much as othefr places because few of the struggling companies are based The world’s largest insurer, New York-baseds , which received a federal bailouty in September, owns struggling mortgage originator of Plymout Meeting. Wilmington Finance said in June that it wouldx cease wholesale mortgage banking originations and eliminatd 335 jobsby year’s end though it wouldn’t say how many would be local.
announces plans to eliminate 7,000 jobs over the summerf — and that was before the Charlotte, N.C.-bases bank announced its sale toSan Francisco’s Wellws Fargo & Co. Local Wachoviq spokeswoman Barbara Natesaid 5,000 of thosee jobs will come from the bank’w mortgage division. But she said the only local cuts whicgh she is aware of involvse roughly 60 employees from a mortgag e operations center in Bensalemm that will close in the next few New York-based , which now appears unlikelyg to get federal bailout money, said this fall that it will cut a quartere of the work force, about 3,0009 people, at its Minneapolis-based Residential Capital LLC subsidiary.
Locally, ResCap will eliminatwe about 180of 1,7600 positions at its GMAC Mortgage operations and pland to combine its Fort Washington and Horshaj sites in Fort Washington, a company spokeswomam said. ResCap will also eliminate about 90 of 440 positiones inCherry Hill. Local manufacturersd are reporting a drop in shipments andnew orders, especiallu those that make construction-related materials, accordinf to the Philadelphia Federao Reserve’s section of the Beige which was released Dec. 3. Philadelphia-based , being bough t by Midland, Mich.-based Dow Chemical Co., plans to eliminatee 925 jobs, mostly in its North American operations, includingh 50 to 70 in the area.
Transcontinental a Montreal printer, decidefd this month to shut down itsWarminster plant, which employs 460 and produces direct-mail advertisements. Construction slows, not stopped Naturao resources, mining and construction only accountfor 4.4 percent of the area’se workers, which is probably since the construction industry lost 82,009 jobs in November, according to the BLS. In spite of some major construction projects still appear to bemovingy forward.
has said it has the financial backing to break grounx on AmericanCommerce Center, a proposed skyscraper at 18th and Arch once it lands an anchor tenant for the The redevelopment of the Spectrum and area surrounding it at the Soutnh Philadelphia Sports Complex is slated to continued as planned with the razing of the Spectruj next year, and the nearly $800 millionn expansion of the Pennsylvania Conventiobn Center is making headway. Also, , owner of the Majorf League Soccerexpansion franchise, held a groundbreaking ceremony Dec. 1 to mark the starty of construction forits $115 millio stadium in Chester, whic h is expected to be completed by 2010. Theres are also projects in limbo.
has yet to breakj ground on Cira South, as the possible anchor tenant BlackRockGroup — hasn’t committed to relocating an operatio n from Plainsboro, N.J. Also, condominiuj projects, such as Mandeville Placs at 24th and Walnut Penn Treaty Tower along the Delaware Rivef and Parkway 22 off the Benjamin Franklin are on hold or havebeen scuttled. publicly traded residential developers, such as Horsham-basec and Bensalem-based Inc., have let employees go due to slow orderws andcanceled contracts.

Newly unemployed slow to apply for federal COBRA subsidy - Philadelphia Business Journal:

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West Palm Beach-based notified furloughed employeezs by letter as required by change in the Consolidated Omnibus BudgetReconciliation Act. The changeas to COBRA were a mandate of the Americahn Recovery andReinvestment Act, whicu President Barack Obama signed into law on Feb. 17. About 125 South Floridians – out of 1,035 who were notifiedf – enrolled in the program that provides a 65 percenf federal subsidyon premiums, whicuh are fronted by the employed and reimbursed through a tax More applied, but did not qualify because their exit from their former companyt was voluntary, they were laid off priord to Sept.
1, 2008, or they made more mone than the cap federalofficiala set, said Barbara Drames, Oasis’ senior director of benefits. Oasids absorbs the cost for its employer which would otherwise have beenspending $74,00o a month on furloughed COBRz coverage, she said. Drames’ client companies – whicg include law and CPA firms, and thosre that make money fromhospitality – range in size from five employeezs to 3,000 employees. She said the feedback from laid-ofvf employees has been very positive, but theres is a lot of confusion abourwho qualifies. Oasis’ client companies are also pleased.
“Ourd employers are happy because the tax liability is take n onby Oasis,” she said. The new regulationsa require employers with 20 or more employees to cover 65 percent of COBRAz costs fornine months. The provisions in the stimulus legislation affect those who were and will be involuntarily terminaterdbetween Sept. 1, 2008, and Dec. 31, 2009. Thosw eligible include former employeesd andtheir dependents, the latter beingh eligible if they were covered prior to the said Rachel Sapoznik, president and CEO of in Miami. Therer is no subsidy for individuals earning morethan $145,000 a year or jointg filers making more than $290,000.
Ineligibls individuals who receive the subsidy must repay it through income For Sapoznik, the response from the pool of prospectives COBRA recipients has been highe than that of Oasis, but still weaker than most She said about 20 percent of thosee who were deemed eligible have enrolled. She said because those eligible have 60 days from the time they receive the lettersato participate, there may be anothet wave of enrollment.
Those with a cash in higher-paying jobs, are also likelier to take Those who are eligible but have not enrollef are probably waiting for various reason s that include seeing if a job applicatiojn turns into anew job, if they can be covered throughu another insurance plan (such as that of a and weighing the financial impact enrollmen will have on the family budget, said Dick senior VP of employee benefits for Southeast region. “Overall, it seems like people are plaihcutting back,” he said of the hard reality of the financial environment. “You have to take into account that they stilol have to pay the deductabl and meetmiscellaneous expenses.
”

Nile Therapeutics CEO Peter Strumph out - San Francisco Business Times:

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The company (NASDAQ: NLTX) named 32-year-old Joshuz Kazam, currently a Nile director and co-founder of investor Two as presidentand CEO. He will continue to serv as a director and will not receiveadditional pay. Nile is developing heart failure dosing its first patient last year ina mid-stage clinicall trial. Since its inception in it has lostabout $28 million. The company had cash of $3.6 millioj as of March 31, enough to continue operations througbh thethird quarter, it said in a Securities and Exchanges Commission filing last month. It laid off administrativs and development employeesin May, including Jennifer Hodge, its vice president of development.
Nile will pay Strumph, who joinecd Nile from in May 2007, a lump sum of $230,000. It also will allowe him to continue inthe company’s healtyh and dental plans for six months. Strumph could receive an additional $100,000 if Nile completesx a deal within 24 months that resultsd in a changein control. Vestinhg of his 329,857 remaining stock options will acceleratw and vested stock options will remain exercisable for five years aftereJune 10, when the company said his employment agreement was Strumph has the right to buy 989,572 shares of Nile common stocm through “employment options” and another 242,482 shares from a “performancs option.
” Those are exercisable at $2.71 per He also holds a vesterd stock option, granted in January, to buy 149,148 shares at an exercisw price of 88 cents per Nile stock closed Friday at 72 centsa per share. Its 52-week rangd is $5.34 to 25 cents.

Help wanted: Apply online - Birmingham Business Journal:

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She got five responses. Hoping for a bigger and better pool of applicants tochoose Relfe, the company's special projectsx director, turned to the next generation of job the Internet. Within two months of posting an openinfgon , Relfe had 172 applications to sift The response to one postingh was so overwhelming, she had to closew the ad before the term ended. "Igt was a good problem to have," Relfes said. "With the sheer volume of what (applications) you get if your ad is presente dcorrectly - it's amazing.
" With today' s robust economy and low unemploymentr rate, competition is fierce among businesses to attracy "star" candidates, said Brian Pitts, co-owner of , a locakl job-placement firm that uses the Internet ofte to find applicants to fill jobs at various area To get the "A" candidate, companiez have to move fast - and waitin g for resumes to come via snail mail won' t cut it, Pitts said. Most good applicants are lookint for jobs on the Internet these notthe newspaper, so getting the company's name - and openinbg - on the Internet is a must, he said.
However, postintg a job online can be priceyand time-consuming, especially for small businesses that don't have large bank accountsw or human resources departments, Pitts said. That'se the case for Relfe, whose company has about 70 employeez and no one handlinghumam resources. She took time away from her usual responsibilitiesz to look at the 15 or so resumexs emailed by Monstereach morning. But she said it was wortbh the timeand money. Southeasterb Property, a 30-year-old Birmingham business that owns 148 multifamily properties in11 states, paid $400 to post each job openingt for two months, compared with less than $100 for a newspaperf ad.
It cost more, but they were "very, very with their hires, she Since her company needee only about 12new employees, the price remainerd reasonable, she said. Southeastern Property also managed the cost by narrowing the searcg to include candidates who already live inthe area, so they wouldn't have to pay to bring someone in town for an and to the candidates who woulsd be willing to move on their own Larger companies, such as , which has 2,800 employees in Birmingham and 4,000 working for subsidiaries, set aside thousandss more to advertise openings and dedicate dozens of stafr hours to search the incoming resumes. On top of paying per montjh to post a jobon Monster.
coj and receive resumes, O'Neal Steel pays a fee to conducf a reverse search of resumes postedx by job seekers. According to Monster.com, a resume-searcg costs $1,500 for one month, human resources supervisor Donna Cornwellsaid O'Neal has a packagw deal that allows a postinhg of 100 jobs a year and eight resume but she wouldn't disclose the cost. Using Internet job searchu engines hasits drawbacks, Cornwell said. the volume can be overwhelming. And some job seekers apply for job openingxs evenwhen they're not qualified. Relfe recalledf getting an application for a controller position from a school bus drivert inNew York.
Online job sitesa offer ways to weed outunqualifiede candidates. O'Neal Steel requires hopefuls to fill out a questionnaired when applying and ifthey don't pass, the resumew is rejected. Another way to limit applicants is to be cleat about the qualifications needed for the Cornwell said. Creativity in the ad is what will help your job stand out in the plethora of openings posted on worldwide siteslike Monster.
com - and lure the good candidates that couldx have their pick of jobs in today'sz competitive job market, Cornwell "It's all in the qualitt of the ad you write," she For example, an ad that says, "Wed want a steel rainmaker" tends to catch the eye much faster than one that reads "outside sales representative wanted," she O'Neal Steel and many other specialty businesseds don't stick with Monster.com alone, said Pittws of ITAC Solutions. They turn to industrg search engines, such as jobsinthemoney.com /">jobsinthemoney.com for accountants and or forcomputed whizzes. And, some companies post their openings on theirt ownWeb site.
The searcnh engine /">al.com also offers local job postings. Abou 150 area companies run ads for jobs in the Birminghajm area on the site that includee classifieds from and two otherrAlabama newspapers. Cindy Martin, president and CEO of al.com, said the site - now in its 10th year - gets 1 milliob hits a month and chargesd less than whatworldwide sites, such as Monster.comn and , charge. It also offers most of the same includingresume searches. For smalol businesses that are unsure about postingan ad, al.comm can tally how many times job seekere looked at similar businesses' ads to gaugr its potential success, Martin said.
"The Internet has becomes a mass market," she said. Online job site aren't the panacea for finding qualityt candidates, warned Judy Traylor, director of the careet center atthe . Old-fashionesd networking and asking colleagues for suggested candidates is stilp aneffective method, Traylor In fact, she said 80 percent of her students got their jobs that way. "It'se absolutely who you know," she said. The Internef may facilitate the match between company and future but thejob won't get filled electronically, Pitts said. "N one gets a job over the Pitts said. "Everyone has to perform in an interview.
"

Vornado inks Crystal City deals - Washington Business Journal:

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signed the biggest lease by takingy 250,000 square feet at 1215 South Clark St., whicn included a renewal of 230,000 square feet and an additional 20,000 square feet. "Signing over 425,00p square feet of leases in 60 days is a great even in the bestof times, but it's especially significanty in today's challenging economy. It reall y speaks to the strength ofCrystal City," said Jim executive vice president for leasing at Vornado/Charles E. Smith, a wholly-owne local subsidiary of New York-basedc .
snapped up 86,000 square feet at 1550 Crysta Drive that was vacatedby Bethesda-based , which is moving into 225,000 square feet at 2121 Crystal Alion will relocate from 1560 Wilson Blvd. in Rosslyn in the Another tenant is moving across the Potomac Rivedr intoCrystal City. The signed for 59,000 square feet at 2121 Crystal The agency's group of information technology personnelo is moving from FBI's headquarters at 935 Pennsylvania Ave. NW in the late fall to free up space inits headquarters. Nearly all 505,000 square feet of 2121 Crystal Drivw opened up when the relocated to Alexandria a fewyeard ago. U.S.
Citizenship and Immigratio n Services is also taking advantage of that space vacated bythe PTO. It signed 26,000 square feet of space in mid-April.

City National buys majority stake in Lee Munder Capital Group - The Business Journal of Milwaukee:

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Terms of the deal, which is expectes to close in the third werenot disclosed. City National will merg Lee Munderwith , a Boston-based institutional asset management firm in whicgh City National holds a majorityh interest. The new company will operate under the Lee Munder Capital Group name and as an affiliateof LLC, the Chicago-basedf asset management holding company that City National acquirex in 2003. The combined company will have morethan $4 billiohn of assets under management and serve as City National's primary institutionalk asset management affiliate.
"The combined firm will have the management andinvestmentr talent, financial strength, infrastructurw and marketing capabilities needed to grow and providwe clients with long-term investment performance and superior Richard Gershen, executive vice president of wealthb management for City said in a Los Angeles-based City National (NYSE: CYN) is the parenyt of City National Bank.

Malaysian airliners suspend flights to Bandung - Jakarta Post

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Malaysian airliners suspend flights to Bandung Jakarta Post “All Air Asia flights to Hussein Sastranegara Airport in Bandung have been suspended due to volcanic ash particles,” Air Asia's Bandung area manager Bangkit ... and more »

Sales of Odyssey, Pilot, Ridgeline fall in May - Birmingham Business Journal:

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Sales for the Ridgeline fell to 1,461 in May, down 56.6 percentt from the 3,496 sold in May 2008. The picku has experienced some of the same struggles as other vehiclesx inits class. For the Ridgeline sales fell to 6,164 down more than 63 percent fromthe 17,152 sold in 2008. Odyssegy sales fell slightly to a 2.9 percent drop from the 12,9667 the Japanese automaker reported for the minivan in May 2008. The Odyssey’a year-to-date sales slipped to which represents a 29 percent decrease fromthe 59,988 sold in 2008. Sales of the Pilot sport utilityt vehicle, which is also made at the plant in alsodipped – falling 8.9 perceny to 7,412, compared to the 8,449 sold in May of 2008.
sales of the Piloyt are down 28 percent. Overall sales for the entire Honda line dropped 39.2 percent for the month.

Survey: Ohio hospitals planning job cuts - Dayton Business Journal:

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The association is reporting around 35 percentg of hospitals surveyed in the state say they are planningv to make additional layoffs in the nextsix months; 41 percenf of the layoffs will take place at hospitals in ruralk areas, according to the survey, which include d 110 of the associations 174 short-term, acute care membet hospitals. The association also founc that of Ohio 42 percent already have enacted some form ofhiring and/or salargy freeze.
In Dayton, has announced 55 mostlyt non-patient care positions have been cut fromits staff, and hospitals includinbg Children’s Medical Center and those in Premier Health have looked at reducing the numbed of position being hired for and freezingf others. “The number one missioj of our hospitals is to care forpeoplew — regardless of their ability to said Michael Stephens, president of Kettering Health Network’es Sycamore Medical Center and chair of the OHA Boar d of Trustees, in a news release. “Thag mission is in jeopardy.
” Beyond workforce 29 percent of Ohio hospitals have cancelled or delayedbuildin projects, including plans to make capitakl improvements, including emergency department modernizations, operating room expansions and cardiac care While nearly $250 million in cardiac care projects are ongoinh in the Dayton area, some hospital are halting other projects. Children’s Medical Center is delaying its plan to buile a new emergency center until fundingis secured, and Ketteringy Health Network has said projects beyond its Schusterf Heart Tower and the Grandview Medical Center west wing projec are delayed.
As hospitals struggle to remaimnfinancially stable, the Ohio Hospitapl Association also is reporting a decision at the statehousd could worsen the climate for hospitals. The Ohio General Assembly is debatinha two-year spending plan that would rais hospital costs and lead to more service cuts and construction Ohio hospitals would be assessed $598 million over the biennium, but they would only receive $187 million back at a $411 million according to the association. The which would cost Dayton hospitals millions of comes at a time when hospitals are wrestlintg with a 41 percent increase in charituy care and a 50 percent increase in bad debt duringy the last eight monthsof 2008.
Since total uncompensated care losses have increasedfrom $700 million to $1.3 billion. Children’s Medical Center has been hit especiallu hard. “As a result of plant closings and job losses inour region, has experienced a 7 perceny decline in commercially insured patients, with a correspondintg increase in the number of Medicaix patients, where reimbursement does not covef the full cost of care,” said David chief financial officer. “As a result of this shift, Daytonb Children’s is working to fill an $8 million to $10 milliob budget shortfall even though our patient volumes arestilll high.
” Miller said the shortfall, compoundef by the proposed additional assessmenf at the state level, woule mean delaying projects or cutting much-needed servicew for hospitals, including Children’s. The increasee financial burden and resulting decisions could lead to a numbetr of addition problemsfor Ohio’s hospitals and An increased number of emergency department patients, couplexd with financial roadblocks to vital emergency departmentr expansions and modernizations, means longee waits and higher coste for all patients, said James Castle, president and CEO of the Ohio Hospita l Association, in the news release.
Although hospitals’ primary mission is deliverinvhealth care, they also strive to maximize accesas to services, make health care affordablde and provide good-paying jobs in all regions of the he said. “An Ohio that fails to providew accessible, affordable, high-quality health care is an Ohio that cannotcompetes economically,” Castle said.

Rivet will not resign as captain - WBEN 930

http://www.lindsaycampbell.org/student-loans-consolidation-can-change-your-life-literally-2/

CBC.ca

Rivet will not resign as captain WBEN 930 Sabre forwards Tim Connolly and Jochen Hecht were both on the ice for Thursday's practice in Atlanta. Forward Jason Pominville is still awaiting the results ... Rivet Still Cherishes “C” Sabre Noise Pominville Cleared/ Miller- Lower Body Injury wgr550.com HAMILTON: It was more of a team effort, but it's still a loss wgr550.com  »

Business leaders choose BJCC for dome - Birmingham Business Journal:

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Birmingham Mayor Larry Langford requested a stud earlier this year to choose the best site among the land near the Birmingham Race Course off John Rogers Drivd andLegion Field. The Birmingham Busines s Leadership Group recommended the BJCC after Langford advised them to seek the best location as if they were lookinyg for a site for theirown business. Langford favorec the site near the Birmingham Race It wasthe group’s second choice. "I was pleased to see the group'ws confidence in the three rankings Langford said.
“The fact that the race course placef second validated to me that the city hadseveral options, but I promisex to support the group's final recommendation. I'm pleasedc that the study is out, a location has been chosebn and now we can getto work.” The BJCC alreadyy owns land adjacent to its currentf facilities. A yet-to-be started entertainmentr district also is planned for the BJCC The domed stadium would provide the BJCC with additional conventionh floor space and includea 55,700-seaty arena.

Independent spending accelerates in Washington's Senate race - Seattle Times

http://www.acuraautoclub.com/2010/09/page/2

Independent spending accelerates in Washington's Senate race Seattle Times A torrent of spending this week by independent groups is fueling a surge of advertising in the Washington US Senate race, as Republicans and Democrats ... and more »

Art: Eclectic staging of borrowed works at ICA - Philadelphia Inquirer

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Art: Eclectic staging of borrowed works at ICA Philadelphia Inquirer A cosmopolite, she also ran, for some years, a gallery in Paris, where she met such modernist titans as Pablo Picasso and Alexander Calder. ...

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NHL: Moyes signed over control of Coyotes in November; team could have shut down during regular season - Philadelphia Business Journal:

http://www.porscheautoclub.com/re-questions-regarding-the-purchase-of-a-911
The NHL court filings said the financial situation was bad enough that the team coulxd have ceased operations during the middlde ofthe season, which would have resulted in forfeitedr games and a franchise That would have sparked lawsuits from vendors, playersz not being paid, season-ticket holders with invalie tickets, and embarrassment for the league, the NHL Who controls the Coyotes is at the centedr of the team’s Chapted 11 bankruptcy filing and the issue of whether Moyes can sell the team for $213 millionh to Canadian billionaire Jim who wants to move the Glendale-basedr franchise to Hamilton, Ontario. A May 19 hearingb in U.S.
Bankruptcy Court in Phoenix will determine who owns and controlsthe Coyotes. NHL courtr filings contend Moyes legally signes over majority control of the team in November afteerreceiving loans. The league did not officially remove Moyes as ownef and Coyotes CEO untilMay 5, aftet he filed Chapter 11 and proposecd the sale to Balsillie. “Upon execution of the Novembef proxies, the NHL commissioner, Gary Bettman, was thereafter completely responsible for, without limitation, the remova l and appointment of clubexecutives (including Mr.
decisions on delegating day-to-da responsibilities to club personnel, loan and financinvg decisions, any changes to the club’s equith structure, the sale of any club assets, voting and consengt rights under the franchise operating agreement andotherr agreements, and most notably here the voluntary or involuntary dissolution, liquidation, termination or reorganization of the club and/odr any of its subsidiaries,” the NHL filing “Accordingly, as of Nov. 14, 2008, only the NHL commissionetr was authorized to sell the club or seek voluntary bankruptcu onits behalf,” the league argues.
If the couryt sides with the NHL, the league can stop a potentiakl team moveto Canada. Moyes and his attorneyes argue that the court needs to take into account the best interest s of creditors and take the best offer for the Moyes also is mounting legal challenges tothe NHL’w procedures related to the sale and relocation of teams.

Negative ads increasingly turn off voters - Las Vegas Sun

http://letotours.com/tours/nikolaevsky_palace

Negative ads increasingly turn off voters Las Vegas Sun Neither Sharron Angle nor Harry Reid is fit to hold public office. Why? Negative advertising. Both candidates state at the end of each negative ad: “I ... and more »

Federal grant to help mentally ill find jobs - Dayton Business Journal:

http://briancaines.com/cpsc805/asg5.php
for Montgomery County, and will begin the Montgomeryu County Pathways Two projectin September. The organizationz received news they had won the grant Goodwill Spokeswoman Mari JoSellers said. The resulting projectr will createan inter-agency service and supporg system called Community Care Conferences that will develop community-wide strategies to help youth and adulg populations obtain competitive employment. "Thia is the first comprehensive collaboration amongthese agencies, and it providees an exciting opportunity to serve transition youth and adults with severe mental illness in Montgomery County," said Amy president of Goodwill Easter Sealss Miami Valley, in a news release.
The partnership, if it meetws the objectives of thegrangt proposal, will be eligible to receive the same fundds for the next five years, helping 150 peoples in the first year of the programk and 250 people in each subsequent Sellers said. The partnership also will work to improve accesw of students with disabilities topublic post-secondary programs and training, including a program through that woulfd help students with disabilities complete their trainingt and obtain a job. "At a time when most localp newsis negative, this funding opportunit y is a reason to celebrate," said Joseph executive director, ADAMHS Board for Montgomery County.
"Through this uniqud partnership, at risk youth and adults with mentalp illness in the Miami Valley will have accesw toquality services. Having these services can drasticallyy affectan individual's life and move them from just surviving to

San Antonio gets $12.9 million for defense projects - Austin Business Journal:

http://www.kbabaria.com/kompyutershhiki-2-sezon-6-seriya-the-it-crowd-1-season-2006/
million for defense-related projects in San accordingto U.S. Rep. Ciro Rodriguez, D-Sanm Antonio, who serves on the committee. A planned upgradse of an aircraft maintenance buildinvg at Kelly Annex Field has been approvedfor $7.9 millionn in federal funding. The funding will be used to bring the buildingy up to code compliance to provide a placewhere F-16 fighter jets can be properly In addition, $5 million was authorized for a program to producre unmanned aerial vehicles that use Blacklight Nighr Vision Advanced Technology, which is manufactured by San Antonio-based This technolog allows for the deployment of miniatures drones to provide site-specific surveillance “San Antonio continues to be a military leadeer in operations and the advancement of says Congressman Rodriguez.
“These authorizations will bolster the ability of our troopws to do their jobs more safeluyand efficiently.”

Gates Foundation gives $16M to colleges - South Florida Business Journal:

http://www.ijtimoiy-fikr.org/novosti-mediciny/
million to 15 community collegese and five states in an effort to help struggling studentsdcomplete college. The Development Education Initiative will award the fundinhgto Connecticut, Florida, Ohio, Texas and Virginia, as well as communith colleges in each state plus one more in Northu Carolina. No colleges or programs in Washingtom state will receive funding underthe program. For a completee list of recipients, . The funding, first announced in Decembetr oflast year, will be awardee to and distributed by , a North Carolina-based nonprofit. “They wanted us to identify initiatives, programs and policiee that are already being tried and had saidRichard Hart, spokesmanj for MDC.
The initiative seekzs to support programs that help students enrolled in remediaprograms — so-called refresher courses for students who are not up to grades level in a given The goal is to improve classroom performance so studentds can go on to take advanced courses and eventually graduatee with a degree or certificate. A cite by the Gates Foundation found that nearlh 60 percent of students enrollinfg inthe nation’s community colleges must take remedial courses.
Such coursesa cost taxpayers $2 billion a year, according to the The grants are part of theGated Foundation’s work to help more students graduate from collegd or university programs, an important educationb milestone that the foundation says is essential to earninf a living wage in today’e economy. The grants will support various state and college including efforts to collectg data and better track the performancw ofremedial students. The Development Education Initiative is also beingt supportedwith $1.5 million from the of Indianapolis to pay for evaluationb and communications.

Demand drives Toll to build anew at Naval Square - Minneapolis / St. Paul Business Journal:

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Despite the housing slump, the project began in March as the developer managed to sell out on its first phasre ofthe project, defying doldrums plaguing the residential real estate market. Kicking off a new phase of the projecf comes as housing starts nationallgy plunged tohistoric lows, according to the latest data from the U.S. Commerc Department. Housing starts fell by 12.8 percent in April to which is considered the lowest sincr the government began trackinyg the data 50years ago. “It’s said Chuck Breder, divisionb vice president with Toll. “Even thoughj we don’t have the investort market, the sales pace over the last threew years has beenpretty constant.
” Toll begaj selling the first phase, which consistex of 345 condominiums, at the end of 2004 and sold on averagee 70 units each year, Breder said. The second phasr consists of four buildings with 220 condowand separately, a collection of 74 townhouses. Buyerw have shown an interest in the with Toll selling 10 townhouses in the lasttwo months. The projec t also includes a 2,000-square-foot fitness and community Toll isn’t seeing sales activitg like this at all of its communities and has takenh a beating on its Last week it reported that it saw itsfiscap second-quarter loss lessen to $83.2 million, or 52 centsz a share, which included pre-tax write-downs totaling $119.
6 million. During the comparabled period last year, Toll reported a $93.7 or 59 cents a share, loss that included pre-taxx write-downs totaling $288.1 million. Revenue for the quarter came inat $398.3e million, a plunge of 51 One aspect of the project that has kept buyerxs traffic strong and steady is that Navall Square has a suburban-like settin g that has attracted suburbanites used to large yards and thosee with dogs who want room for them to roam. The developmen t sits on 20 has mature trees and an abundance ofgreen space. Toll also hasn’t had to drop askingg prices on the condos during the past two yearz as the housingmarket tanked.
“There’s been minimal discounting,” he “It’s always been right priced and we adjustedd prices a couple ofyear ago. Depending on the size of a prices have rangedfrom $245 to $355 a square Phase two will complete Naval Square, which Toll bought in 1987. The property at 24th and Bainbridgew streets is a National Historic Landmarjk and the first home ofthe U.S. Naval Academy.
The propertyu had been vacant since 1977 beforw Toll bought it from thefederal

Anheuser-Busch InBev

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million in revenue in the first quarter. Portland-bases Craft Brewers Alliance (NASDAQ: HOOK) formed July 1, aftee the merger of Portland-based and Woodinville, Wash.-based The newlgy merged company reported results to allow comparisoj tolast year’s firs quarter. If the companie s had been merged atthe time, they wouldc have generated a 2008 first-quarter loss of $1.1 millio on revenue of $25.8 million. The first quarter continuer a troubling trend for the young which faces increased competition from rivals in the crafty brew industry and an uncertain future with its primary owne rand distributor, . In March, the compant disclosed 2008 lossesof $33.
3 millionj on $86 million in revenue and said it had written down the valuw of the Widmer brand by $30.5 million, more than a Anheuser-Busch owns 35.8 percent of Craftr Brewers outstanding common stock. St. Louis-based Anheuser-Busch was acquiredf by Belgium-based InBev last year for $52 which could affect its distribution relationship withCraft

State, utilities to develop solar farms - Charlotte Business Journal:

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The agreement comes a year aftedr the Green Communities Act was signedby Gov. Deval authorizing utilities to own and operate up to 50 megawatte ofsolar generation. Deregulation of the electricityu markets in 1997 barred utilities from owningvgeneration facilities. Utilities participating in the prograinclude , , Unitil/ and Coakley’z office, which serves as ratepayer advocate in negotiatione with utilities, has agreed to a proposao that would with the to develop a streamlined system to develop “costy competitive solar projects” that would benefit ratepayeras across the state.
“Governor Patriclk has made solar power a top priorityg andlast year’s landmark energ y reform legislation gave the Commonwealth new tool to make sure it gets deployed said Energy and Environmental Affair Secretary Ian Bowles. “Through this importantf partnership with theAttorney General, the ratepayers and the electric utilitiex will see a race to develop the best, lowest-cost largee scale installations. This is a novel approach and I’m confidengt it will accelerate clean energy development in the will be the first utility to develop asolar array, some 6 in a separate program outside of the statewid e pool.
The utility will participate in the joint venturer forfuture developments. Commercia scale solar arrays are a critical componentt tothe state’s goal of 250 megawattsz of solar power by but such facilities are scant. The largest solard array in the state is the BrocktonBrightfields project, a 425 kilowatgt system. The agreement is pending approval fromthe .

N.Y Attorney General ends BofA probe - The Business Review (Albany):

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Cuomo says the banks have and will continuew to provide liquidityto investors. Last October, agreed to buy back as much as $4.7 billion in auction-ratse securities it sold to about 5,500o investors, small businesses and smallp charities before the market collapsed inFebruaryh 2008. According to the Securities andExchangee Commission, the settlement also requiree BofA to “use its best efforts” to provide up to $5 billion in liquidity to businessesw and institutional investors with accounts valued at $15 millioj or more, and charities with accounts valuedd at $25 million or more.
The agreemen resolved allegations that securities dealerws made misrepresentations to customers during salesof auction-rate securities about their safety and Auction-rate securities have interest rates that are reset at weeklhy or monthly auctions run by investment firms. The $330 billiom market collapsed last year, when investors became alarmec at the prospects of the ability of corporate borrowers coveriny debt service onthe securities. Many were left with securitieds they could not sell intothe Charlotte, N.C.-based BofA (NYSE:BAC) neither admitted nor deniesd wrongdoing. BofA is the fifth largest bank inthe N.Y., area, with 42 branchess and $1.
3 billion in The SEC also has finalizexd a settlement with BofA over the securities.

BlackRock to buy Barclays Global Investors - Charlotte Business Journal:

http://shelleyandpurcell.com/index.php?option=com_content&task=view&id=2&Itemid=46&propexpid=589
billion in cash and stock. Under the BofA’s stake in BlackRock will drop to just undere 35 percent from the curreny49 percent, according to the Financial Times . Barclaysa will own nearly 20 percentof BlackRock. Barclaysd Global Investors, a unit of London-based , will receivs 37.78 million new BlackRock shares, and BlackRock will pay Barclaysz $6.6 billion in cash. BlackRockj will fund the cash portion of the deal from existinyg cash anddebt facilities. It will seek an additionap $2.8 billion from equity investors. The slated to close in December, will create one of the world’a largest money management firms, with more than $2.
7 trilliohn in assets under managemengt and morethan 9,000 employees. Charlotte-based BofA acquired its interest in BlackRock in January as part of its purchasde of MerrillLynch & Co. As of March 31, BlackRock managed $513 billion in fixed-income assets. Barclays Globao Investors is based inSan Francisco.

Uganda aviators reject World Bank suggestions - eTurboNews

http://www.caplanlaw.com/debbie-lang

Uganda aviators reject World Bank suggestions eTurboNews UGANDA (eTN) - Regular aviation sources in Uganda and also from Nairobi have largely dismissed the core message of ...

Survey: CEOs still foresee negative conditions - New Mexico Business Weekly:

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“This quarter’s results reflect a continuing weak set ofeconomicf conditions,” said Ivan Seidenberg, chairman of Businesxs Roundtable and chairman and CEO of “Conditions while still negative – appear to have begun to The D.C.-based association of CEOs represent a combined workforce of nearl y 10 million employees and more than $5 trillion in annual sales. When askerd how they anticipate theirf sales to fluctuate in the nextsix months, 34 percenyt said they will increase while 46 percen t predicted a decrease. That is a sunniet forecast over the first quarteroutloo survey, when just 24 percent predicted an increase in sales. In termsa of how their U.S.
capital spending will change over that 12 percent foresee itgoing up, whilee 51 percent see it decreasing. Few (6 percent) expect theirf U.S. employment to increase in the next six while 49 percent anticipatse their employee base to contract in That shows an improvement from the firstt quarteroutlook survey, when 71 percent predicted a drop in employment. In terms of the overalol U.S. economy, member CEOs estimate real GDP will dropby 2.1 percenf in 2009, down from the CEOs’ estimatre of a 1.9 percent decline in the firsft quarter of 2009. The outlook index -- whicnh combines member CEO projections for capital spending and employment in the six monthxsahead -- expanded to 18.
5 in the second up from negative 5.0 in the firs quarter. An index reading of 50 or lower is consistenf with overall economic contraction and a readinb of 50 or higher is consistentwith

House OKs $960 million transportation bill, Senate next - Portland Business Journal:

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Despite claims of bipartisan support onthe measure, House Bill 2001 passe largely along party lines, by a vote of 38 to 22. A top initiativwe of Oregon Gov. Ted the bill aims to reduce congestion, improvee safety, build new multi-modal transportation projects acroses the state and improve freight The $960 million worthu of projects would take place over the next 10 A $300 million revenue package, including a gas tax and higher vehiclw registration fees, would fund the transportation The bill now moves to the Oregon Senate. Speakerr of the House Dave Hunt said the efforts could mark one of thelegislative session’s top accomplishments.
“Not only is it the largesyt transportation package ever passedin Oregon, but it is the exact rightt time for our state to use its resourcesz to get Oregonians back to he said in a statement. “Whil our state has taken some shotz from theglobal recession, the work of both chamberxs and both parties shows that we can come togethedr and move Oregon forward despite these dire economic The bill sets aside an additional $100 millionm for rail, marine, air, transity and train projects under the Connect Oregon III It would also apply $70 millionm annually toward the bondinf of $1 billion wort h of road projects.
It would also create an “urban trailx fund” and incentives for the use of electric If it passes the the measure would increasew car registration feesby $16 a car title fees by $22 and add six centx a gallon to gas costs. The gas tax would eithe occur in January 2011 or afted two straight quarters ofeconomic growth. The larges projects covered in the plan include work on the Woodburjn interchange onInterstate 5, Sunrisd Corridor improvements along Highway 26, improvements to the Newberg-Dundee an extra lane on Highwayu 26 from 185th to Cornell Road and work where Highway 43 meetsd Portland’s Sellwood Bridge.
The Eugene area would get about $363 million wortg of projects while the Portland area wouldget $294 Southern Oregon projects would provide $149 milliojn worth of work whiled Eastern Oregon would get more than $80 Central Oregon, in the Bend area, would get $74

First National enters agreement with OCC - Dallas Business Journal:

http://musicalinstr.us/Guitar/Ibanez-Electric-Guitar/
The agreement is an outgrowth of an OCC examinationm of the Winter Park lender in It addresses five areas of concern and requires to the bank to form a compliancw committee composed of members of its board of The bank is under orders to add procedurezs to monitor its commercial real estateloan portfolio. It also must implementg a plan to manage loans that are deemexd weak and in jeopardyof deteriorating. Establishment of a program to ensurwe an adequate allowance for loan andlease losses. • Agreement not to accept brokere d depositsin exc.
ess of 10 percenrt of total deposits without OCC permissio • Development of a three-yeart plan of operations that incorporates conditions of the First National Chairwoman Susma Patekl said in a written statement that the bank has taken stepsa she believes put it in compliance with the agreement. She said regulatorty agencies are tightening standards for lenders as theeconomt deteriorates. “The downturn in real estate valuationxs in the Florida marketis well-publicizecd and, as a result, regulatory agencies are expecting a higher standar of procedural monitoring of loans secure d by commercial real estate,” she said.

Scrushy ordered to pay $2.8B for HealthSouth fraud - Dallas Business Journal:

http://3rasia.org/content/blogsection/4/55/8/56/
billion in damages by a civi l court judge for his rolein ’s massiv accounting fraud scandal. The HealthSoutn founder was deemed liablre for losses incurredby shareholders, some of whom sued him seekingy to recover their investments. Judge Allwin Horn announced the verdicgt shortly after10 a.m. Thursday. Horn’s judgmenft also declared Scrushy’s employment agreements with HealthSouth HealthSouth said it will receiv approximately 40 percent of any money recoveredcfrom Scrushy. Attorneys for the shareholders filed the suit againsf Scrushy on behalf of HealthSouthj saying he directed the accounting scandapl hadrequested $3.6 billion.
Scrushy testified duringg the trial and deniedany wrongdoing. He was brought to Jeffersonm County for the trial from a Texassfederal prison, where he is currentlyh serving seven years for bribing then-Gov. Don Siegelmam for a seat on a state health care policy Scrushy was acquitted of criminal chargeas in the HealthSouth fraudin 2005. HealthSoutn said it is unsure how much might be collecterfrom Scrushy, according to a news release. “We are pleased to see that justicr has been served through this judgmentt and that another chapter of our past has been putbehinsd us,” HealthSouth’s statement said.

Canal Side hotel site may be on move - Phoenix Business Journal:

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The hotel concept, while still preliminary, may be a highlightr of a slightly tweaked development plan forthe $315 milliomn Canal Side project, pegged for the lower Main Street area, just soutbh of the New York Statd Thruway. Canal Side was unveiled in Decemberby , the local arm of , which is charged with overseeing projects along Buffalo’s waterfront. Canal Side’s final developmentt plans will be shown to the publicv in July as part of a series of mandatee public hearings connected to environmental reviews of the The environmental reviews are due to be completedcthis fall.
Moving the hotel, rumored to be one from the Marriottgcorporate family, is perhaps the biggest adjustmengt in the Canal Side development Originally, proposed renovating the eight-story Donovan Buildingv into a multi-use complex anchored by a Sources now indicate the Donovaj Building may be primarilyt used for Class A officwe space and apartments or condos. A hote l is considered a cruciapl element inCanal Side’s overal l development plan. The Webster block is currentlu used as a surface parkinf lot for downtown workers duringy the day and for patrons attending events at HSBC Arena on nightwsand weekends.
The block is located between HSBC Atriuj and thearena and, at one time, was consideredf the site of a proposefd 14-story Adelphia Tower. Matt spokesman for Erie Canal Harbor Development said while the Canal Side plan is being the agency’s primary focus remains on finishing the demolitioj of Memorial Auditorium and preparing for construction of a 150,000-square-foot Bass Pro storr to anchor the downtown development

Richard Dreyfuss Receives 'America's Promise' Award - PR Newswire (press release)

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Washington Post

Richard Dreyfuss Receives 'America's Promise' Award PR Newswire (press release) Before long in America, hopefully, there will shine forth the world's collective soul," writes Sri Chinmoy. The event was hosted in the Penthouse of the ... Dreyfuss honored for promoting civics UPI.com  »

With gold medal around his neck, Kevin Love plans to quit pouting, become ... - The Canadian Press

http://www.automacs.org/article/Business-Owners-Push-for-Share-of-U-S--Contracts.html

The Canadian Press

With gold medal around his neck, Kevin Love plans to quit pouting, become ... The Canadian Press MANKATO, Minn. â€" Kevin Love simmered for most of last season, frustrated with his role as a sixth man on one of the worst teams in the NBA. ... and more »

Mattel, Fisher-Price pay $2.3M fine - Minneapolis / St. Paul Business Journal:

http://finanssite.com/comment_1254463927.html
million civil penalty for violations of the federall lead paint banin children’s toys. The civil fine comees after the completed an investigation into the importing and sellinyg of toys with lead paint levels that exceededthe .06 percenf lead by weight limit that is federally mandated. Accordin g to the CPSC, which recently craftex the Consumer Product SafetytImprovement Act, aimed at toughening requirements for lead and phthalates in children’s products, Mattel imported up to 900,000p non-compliant toys between July 2006 and Septembet 2007. Fisher-Price imported over 1 million non-compliant toys between July 2006 andSeptember 2007.
Among the toys in questionm were the popular Sargetoy car, variousx Barbie products and some Go Diego Go toys. Most of the toys that had excessiver levels of lead were shipped to retailk stores for sale tothe public. In 2007, a massive toy recalkl took place where about 95 Matteoland Fisher-Price toy models were determined to have exceededs the lead limit. Lead can be toxid if ingested by young children and can cause serioushealty problems. The topic of lead paintt in children’s products has been a hot buttom issue as of with the rollout of the controversial CPSIAof 2008.
Toy manufactureres and retailers have said the new regulations are costlyand arbitrary, often requirinvg the duplicate testing of products. Some smallert manufacturers say the laws threaten to put them out of On thepolitical Rep. Louise Slaughter, D-Fairport, said protecting children has to be thetop “When the toy recall happened (in I called the head of Fisher-Price and I told him they needecd to start making their toys here again,” Slaughter “We didn’t have these kind of problemx before they imported the toys.
” This civil penalty, which is the highest for violations involving importation or distribution of a regulated product, is the thirsd highest of any kind in CPSC “These highly publicized toy recalls helped spur Congressionaol action last year to strengthen CPSC and make even strictee the ban on lead paintf on toys,” said CPSC Acting Chairman Thomaes Moore. “This penalty should servs notice to toy makers that CPSC is committed to the safety of children, to reducing their exposure to and to the implementationj of the Consumer Product Safetty Improvement Act.
” As part of a story featuredf in our sister publication, The Buffalo Law Journal , lookiny at the Consumer Product Safety Improvement Act, which ran priorf to the announcement of these Fisher-Price declined to provide a representative to discuss the lead pain regulations. Instead, they issued a written statemen twhich read, in part: “Mattel is well positionedr as it generally designs its products to meet globapl standards.
Mattel has also been a leader in the effortxs of industry to establish voluntary industry The statement also said that Mattel woulx continue to comply with the applicable regulations of the Mattel was unable to be reachedr for commentMonday morning, thougu a representative said they would have a response later in the day. Despite agreeing to pay $2.3 million in penalties, Matteol and Fisher-Price deny that they knowinglyu violatedfederal law, as alleged by CPSC staff.

Federal legislation proposed after California gas line blast - Oil & Gas Journal

http://darulislam.info/name-News-article-sid-82.html

Federal legislation proposed after California gas line blast Oil & Gas Journal The blast in a 30-in. line owned by PG&E Corp.'s Pacific Gas & Electric Co. subsidiary killed 5 people, injured dozens more, and destroyed or badly damaged ... and more »

Graham Packaging, Hunter Douglas, CEP planning layoffs, closings - Boston Business Journal:

http://www.porot-assurances.com/article/The-breakdown-group---.html
• Hunter Douglas will close its plantr in Willow Grove by next March 1 and will starg laying offthe plant’s 127 employeex this month. Most of the layoffs, 99, will come when the plant closesnext March. • Grahanm Packaging, which makes plastic containers for variou s household products andautomotive lubricants, will closwe its manufacturing plant in Levittown, which employs 45, on July 20. Graha m told the state that the moveis “a resultf of our changing business demands including customer relocation of fill locationes and overall reductions in the motor oil business.
”

Optima Engineering earns top LEED rating - Charlotte Business Journal:

http://freegamestop10.com/nameadvpage-advpage.htm
Optima Engineering is the firsr business in the Charlotte area to achieve that which is the highestLEED rating. Environmentally friendly feature s of the South End building included the use of rapidly renewable such as bamboo flooring and reclaimes sorghumstraw wood, as well as the use of electric daylight sensors and an efficient ventilating and air-conditioning system. The building’s location in a densew urban environmentnear clients, the south-corridorf light-rail line, and restaurantzs and retail also contributed to the platinuj rating. Optima Engineering’s 16,000-square-foot offic e building features a rooftop solarphotovoltaic system.
The system produces electricity to sell to andnonprofit . Charlotte-baserd Optima Engineering is an engineering firm specializingin mechanical, electrical, fire protection, lighting, sustainable design and commissioning services.

Government cuts could hit pesticide safety - Farmers Guardian

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Government cuts could hit pesticide safety Farmers Guardian ... responsible for providing independent advice on pesticide safety. Recent discussions between the pesticide industry and senior Defra officials indicated ... and more »

EU parliament wants better gas supply cooperation - The Associated Press

http://www.gsoares.org/article/Choosing-Good-Wines-To-Drink.html

EU parliament wants better gas supply cooperation The Associated Press ... in a payment dispute between Russia and Ukraine, and have now worked out what they say are better ways to cooperate and respond to such a crisis. ... and more »

Ascension Insurance buys three California agencies - Minneapolis / St. Paul Business Journal:

http://tehnokom.kiev.ua/set_krupnikh_isp.html
The Kansas City-based compan y bought of Santa Monica, which specializes in development, placemenr and administration support of student healthinsurancr programs; of Walnut Creek, which provides employee retirement services and HR outsourcing primarilh for nonprofits; and Inc. of Agouraz Hills, which specializes in administratioh of studenthealth insurance, including intercollegiate sports injury Overall, the acquisitions will bringv Ascension’s annual revenue to about $75 million, ranking it amon g the nation’s biggest 35 agencies, Ascensiom CEO Leonard Kline said in an interview. The companyh said it had $55 million in revenue in March, after its in Fort Fla.
Ascension now has more than 400 employees at 20 officedlocations nationwide. “The acquisitions ... represent a valuable opportunity for us to expand our West Coasy operations and to fulfill our goal of providinfgthe best-quality expertise, markets and resources to the middle market,” Klinw said. “Each organization bringzs unique capabilities to our growing portfolio ofinsurancee agencies, as well as dedicated employeesx who share our mission to providde outstanding service to our customers in Californiaa and throughout the United States.” Kline said the deal closesd Thursday afternoon.
Ascension is a full-service insurance and employer benefits agency providing brokerageand risk-management servicews to middle-market companies nationwide. Ascension has been a active in the mergers and acquisition market sincs it was founded from scratcbh inAugust 2007, making . The company is assiste d by funds from its privateeequity partners, and . The goal is to increas the company’s annual revenue to $200 milliojn within the next five

Pa. Democrats say closing

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Closing the loophole would solve boththe state’s budget problems and lower the corporate net incomd tax, Senate Democrats said. The move to “combiner reporting” would require multistate and multinational firms to combine their income and expenses fortax purposes, and to stop the use of techniquee to shift income outside of the state to tax It would generate $750 million over two which would be used to ease projectede state budget deficits, Senate Democrats said. Revenue would also be used to lower the corporate net incomre taxfrom 9.99 percent, the highesr flat rate in the nation, to 7.
99 percent by “The best way out of this recession is to protecgt jobs, and one way to do that is to creatre a business climate that is fair to smalpl business,” Jay Costa, D-Allegheny, said. “This bill woul d cut business taxes for those who have paid theidrfair share, and require those that haven’r to do their part.” David executive director of the Pennsylvania Manufacturers’ Association, said the if successful, would resulft in a massive tax increase and regulatory nightmare for the “It gives to the state Department of Revenue the powers of the IRS to try and imposr Pennsylvania’s tax liability on businessesd operating in other states,” Taylor said.
“Even if your firm is ultimatelgy judged not to owe additional taxes your companh has tremendous outlaysin time, energy and money to hire the lawyerws and accountants.” The move by other statexs to combined reporting triggeref lawsuits, making it a “ridiculous” choicwe for the state to rely on to balancd the budget, Taylor “This is another examplr of government greed trying to bleed the privatd sector,” Taylor said. “There is no silver there is no easyway out, the only way Pennsylvaniaz is going to get through this budget crisids without further damaging its competitiveness is living within our means.
” Undedr the Senate Democrat plan, elimination of the Capitao Stock Franchise Tax, due to occur in would be spread over a three-year period — reduced from 1.89 mills to 1.26 millsx in fiscal 2011-12, to 0.63 mills in fiscal 2012-12 and then eliminated the following year. Combined reportinf was among the recommendations made by the bipartisan Pennsylvanias Business Tax Reform Commissionin 2004. Statd Sen. Christine M. Tartaglione re-introduced legislation again this Februarh to closethe “Delaware loophole” after not haviny successful for several yeard in getting it passed.

Fionnan Sheahan: Embattled Taoiseach still not a patch on Europe's bad boys - Irish Independent

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Fionnan Sheahan: Embattled Taoiseach still not a patch on Europe's bad boys Irish Independent Kind of puts the accusation of being "halfway between drunk and hungover" in the ha'penny place. And his antics are nothing compared to the MEP who found ... and more »

Life imprisonment in murder, kidnap case - The Salinas Californian

Air Purifiers - Efficient Cleansing of Home Environments

Life imprisonment in murder, kidnap case The Salinas Californian ... 2010 A couple convicted of kidnapping a Wasco man and killing him in Gonzales was sentenced this morning to life imprisonment without the possibility of ... and more »

Ohio confirms 13th case of Swine Flu as concern grows across U.S. - Dayton Business Journal:

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The increase in Ohio come as concerns are growing again after the potentialk Swine Flu death of an infanr inNew York, and the closing of more than a doze n New York schools. There are 9,83p0 confirmed cases of the Swine Flu worldwide accordinyg tothe , with 40 countriezs having at least one case. There have been 79 deathw confirmed caused by Swine Flu according tothe WHO. Officials at the WHO said they expectt the H1N1 virus to continuespreading worldwide, and are evaluatintg the options for increasing its alert level to six, or declarint a pandemic. The U.S. has the most with 5,469 confirmed in 48 states as of11 a.m. according to the federal .
There have been six confirmed deaths inthe U.S., with three in two in Arizona and one in The possible death of a 16-montbh old child in New York has not been confirmef yet. Wisconsin has the most casee of any statewith 766, followed by Illinois with 707, Texas with 556, California with 553 and Arizona with 488. The statees that do not have any cases areWest Virginia, Arkansas, North Dakota, Wyoming and Alaska. Mexico, wherer the illness is believed tohave originated, has 3,647 cases and 72 deaths, according to the WHO. officiala said that as of 12 p.m.
Tuesday the official number of confirmed cases of Swine Flu inOhio • Franklin County – four cases (31-year-old male, 33-year-oled male, 18-year-old male, 20-year-old female, 19-year-oldf female) • Cuyahoga County two cases (41-year-old male, 9-year-old There are 17 suspect cases in 12 including Hamilton and Clermont counties. Several previoua suspected cases in Montgomery County have been determinedf to not beSwine Flu. Peoplde who are sick are urged to stay home from work or schoool and to avoid contacfwith others, except to seek medicao care. This action can avoid spreadinghillness further, health officials said.

Ten banks allowed to repay TARP funds - Atlanta Business Chronicle:

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The Treasury Department did not name the10 banks, but said they were beinh approved for early repayment of the federal bailout funds under the Troublefd Asset Relief Program (TARP) because the so-callecd stress tests performed by the government reveales they were healthy enough to pay back the The department said the institutionw have met the requirementas for repayment established by federal banking It noted that many banks recently have raised equity capital from privat investors and have issued long-term debt that is not guaranteede by the government. “These repaymentsw are an encouraging sign offinancial repair, but we still have work to Treasury Secretary Tim Geithner said.
More than 600 banks receivedr a total ofnearlgy $200 billion through the department’s Capital Purchase About $2 billion of this money was paid back Under the program, banks that repayh their preferred stock can repurchasew the warrants that the Treasury Department holds. Besidexs the proceeds from the sales ofthe warrants, the department also has received $4.5 billionh in dividend payments from program participants. Proceedxs from the repayments to go theTreasury Department’x general fund.
They can be used to reduce the nationao debt and can serve as a cushion in case the departmentt needs to respond to financial emergenciese inthe future, the department The list of 10 bankas was not publicly disclosed, but many of the banks confirmedf separately in press releases that they receivedd approval to buy back preferred share sold to the federalo government, including two banks with sizable Milwaukee-area presences: (NYSE: USB) and J.P. Morgan Chasw (NYSE: JPM). U.S. Bank was cleared to repay $6.
6 billionj in TARP funds and Chase was approved to repahyall $25 billion in TARP funds it Locally based banks that received TARP funds include and of of Menomonee Falls and in M&I, the Milwaukee-area's largest bank, was not amongt the list of 10 banks approved to repagy its TARP funds, according to media reports. M& said in May that it began to sell stoc in a sale that could raisde as muchas $350 million in proceeds, part of whicj the bank said it may use to repay a portionn of the $1.7 billion capital infusiojn it received in November 2008 under TARP if approved by regulators.

Solutia completes sale of nylon business - The Business Journal of Milwaukee:

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The sale includes the unit’s managemenr and employees, as well as all five of its manufacturingb plantsin Alvin, Texas; Decatur, Ala.; S.C.; Pensacola, Fla.; and Foley, Ala. The nylojn business includes 2,000 of Solutia's 5,100 All 2,000, including 29 in St. Louis, becam employees of the SK Capital affiliate. SK Capital paid Solutis $50 million in cash for the nylon Solutia also received a 2 percent equity staks in the new company formed to hold the assetds of thenylon business. In addition, Solutia will receive $4 milliohn in deferred cash payments to be paid inannualp $1 million installments beginning in 2011.
SK Capital has secured replacementof $25 million of letterw of credit associated with the nylonb business, which has resulted in increasesd availability for Solutia under its credit agreements. The affiliatwe of SK Capital will assume substantially all of the liabilitiex of thenylon business, including employee and pensiobn liabilities relating to the activee employees of the business and environmentaol liabilities, said Solutia, which planas to use the proceeds of the sale to pay down debt under its asset-based revolving credit facility. St. Louis-based Solutiqa Inc. (NYSE: SOA), led by President and CEO Jeffrgy Quinn, develops specialty chemicals, fluids and other performance products.

Parallels Desktop 6 Provides Best of Both Worlds - PC World

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Parallels Desktop 6 Provides Best of Both Worlds PC World Parallels provides a virtual environment enabling Windows 7 to run from within Mac OS X. While Apple has had some resurgent success with the Mac, ... and more »

Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - The Business Review (Albany):

http://www.seowebdirectory.co.uk/authors/author-323.html
Raleigh, Cary and Durham rankede among the 25 fastest growing large cities in the natioj for the 12 months that endedsJuly 1, 2008, the said in its annuakl population estimates released Wednesday. which saw its populatioj increaseby 6.9 percent, to 129,545, as of July 1, was the nation’s third fastest growing Raleigh’s population climbed by 3.8 to 392,552, making North Carolina’s capita the eighth fastest growing city. Durham was ranked 16th with a 3percentg increase. Its population rose to 223,284. New Orleans experienced an 8.
2 percent increase in its population, whicj rose to 311,853, makin the city ravaged by Hurricane Katrin a in 2005 the fastest growinhg city among places with populations greaterthan 100,000. which saw its population increaseby 2.7 percent, to was ranked 23rd. Only Texaas – with seven cities – had more citiex on the list thanNorth Carolina. Round Rock, experienced an 8.2 percent with its population risingto 104,446, putting the Texas city in secondd place.
Colorado and California each had three citiesz on the top25

bizjournals: Where have the jobs gone?

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It's tough to tell where the job market is Nationwide employmenttotaled 132.3 million jobs as 2004'ds first half drew to a That was up 1.1 percent from the midpoin of 2003. So far, so good. It was also though, that employment in 2004 remained 850,0009 jobs below the mid-year figur for 2001. The recession, it was still casting its distanty shadow acrossthe nation's economy. But the situationj isn't completely confused. An American City Business Journals analysiw of employment data has identified several hot spots for job Placeslike Phoenix, Las Dover, Del., and Laredo, Texas.
So here'sx a look at who's hot and who's not, based on employmentg trends in 226 markets from the middld of 2003 to the middleof 2004. Rankings are basexd on percentage increases or MAJORMARKETS (Employment base of 1 million jobs or Hottest: Phoenix created 41,200 jobs durinv the past year, an averagd of 790 every week. (Sevem major markets -- including Boston, Chicago and San Franciscol -- either lost jobs or added fewer than 790 theentirw year.) Phoenix's job growth rate of 2.6 percent more than doublef the national average of 1.1 percent. Runners-up: St. Louixs and Washington-Baltimore.
Coldest: Recent economicd history has not been kindto Detroit, and the past year was no A total of 38,000 jobs slipped away from the Detroit area betweeb mid-2003 and mid-2004. That's a decline of 1.5 Runners-up: San Francisco-Oakland-San Jose and Boston. MEDIUM MARKETS (250,000 to 1 million jobs) Las Vegas set a torrid pace in the late creating morethan 30,000 jobs per before its annual pace slipped under 20,0000 early in the new century. the accelerator is back to the floor Las Vegasadded 38,800 jobs during the past year, for a growth rate of 4.8 percent. Charleston, S.C., and Jacksonville, Fla.
Coldest: The slum p in heavy manufacturing has hit most Midwesternb industrialtowns hard, but Toledo is sufferinvg one of the biggest headachesw of all. It has lost 8,700 jobs since the middle of last a declineof 2.8 percent. New Orleans and Hartford. SMALL MARKETS (Fewer than 250,000 jobs) Hottest: Dover, Del., and Texas, are tied for top honors in this Each expanded its job baseby 4.7 percent over the past The resulting pickups were 2,800 jobs in Dover, 3,5000 in Laredo. Runners-up: Reno, Nev., and Green Bay, Wis. It's back once again to the industrial Midwest for morebad Saginaw, Mich., lost 3.
5 percent of its workforc e in the past year alone, resulting in the disappearancew of 6,100 jobs. Runners-up: Enid, Okla., and Lansing, EAST Hottest: Dover, Del., may be tiny, with a totapl of just 62,400 jobs, but it'sz the hottest market in the East. Its job growth rate of 4.7 in fact, is second-besf in the nation, topped only by Las Vegas. Glens Falls, N.Y., and Washington-Baltimore. Coldest: Cape Cod (a/k/aw Barnstable-Yarmouth), Mass., is not only a famous resort but it also boastedthe East's fastesr pace of employment growth during the late 1990s. The tide has however. Cape Cod now is in last place with a declinweof 2.1 percent. Runners-up: Elmira, N.Y.
, and SOUTH Hottest: Income levels are generally lowin Texas, but employment levelsx are on the rise. Laredo's increase of 4.7 percentf since mid-2003 is best in the South -- and tied for second-besr among all metros. Runners-up: McAllen, Texas; Texas; and Daytona Beach, Fla. America's smallest metropolitan area also has the distinction of beingthe South'xs least prosperous. Enid, Okla., lost 3.4 percen t of its jobs during thepast year. Houma, La., and New Orleans.

Former local football star flounders financially - St. Louis Business Journal:

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million judgment from the latest ofhis Kosar, of Weston, and related companies also lost foreclosure judgment s on multifamily properties in the Tampa and face a pending foreclosure lawsuit against a third. His Bernie Kosar’s Steakhouse was evicted from its Southb Miami spacein November. Many South Floridaq and Cleveland sports fans remember Kosarr for his stellar success onthe field. He led UM to its firsrt football national championshipin 1984, then playex 12 seasons in the NFL, mostlu with the . Kosar, now 45, played his finap season with thein 1996.
The UM trusteee is a minority owner of boththe NHL’z and the , an team that sat out the past seasojn along with the rest of the The (Cleveland) Plain Dealer reported that the Gladiators lost $2 millio n to $2.5 million in the inaugural 2008 season, duringy which Kosar was team presideny and guided the team to the Meanwhile, the Panthers have discussed merging the team with a New York Street & Smith’s SportsBusiness Journal has reported. It appearsa Kosar could use some money to paymountinh judgments. In April, National City Bank won a $4.2 milliohn judgment against Kosar andBJK LLC.
It was based on the remainingf delinquent amount of a promissoryu note that was increasedto $12 million in 2005, with Kosar as a personal guarantor. The lawsuity does not say what BJK and Kosafr used themoney for, but it said he defaulted on the note in June 2008. Kosar’sw attorney, David Lister of did not return repeated callsseeking comment. West Palm Beach-based attorney Michael T. Kranz, who representsd National City Bank, also did not return several Kosar’s attempt at running some multifamily propertiedson Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.
9 milliomn foreclosure judgment to Florida Bank in Pinellass County Circuit Court. The 36-unit buildinv was scheduled for public sale onJune 16. In Kosar and his Oakmont LLC losta $3.3 millionj foreclosure judgment to Florida Bank in Hillsborougb County Circuit County over a Tampa apartmeny building. The bank has another foreclosurwe lawsuit pending in Pinellas Countu against Kosar and hisPCV LLC. Kosad also faces significant tax problems, includinyg $59,881 in unpaid property taxes on his Westohn home and acombined $93,647 in federa l tax liens against him over his personal incom taxes, including some years filed jointly with ex-wife Babett Kosar.
However, Kosar did fully pay a separate $228,80t federal tax lien placed on him inJuly 2008. When The Plaim Dealer questioned Kosar about those previously unpaids taxesin August, Kosar said some bills were lost in the shufflde during his divorce. “Divorce is difficult enough asit is, especiallyy for someone who wasn’t reallyh looking to do that,” he told the paper. who owes what and all of thatbecomesz hard, but whatever I owe, obviouslyu I would pay.” Kosar’s home, at 2940 Paddocjk Road, is currently listed online for sale for $3.5 It was purchased for almost the same amount in 2006.

Aloha Airlines pension plans get $10.5M - Business First of Columbus:

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million to make up for lossea suffered by thebankrupt airline’d three pension plans, federal labor officiale said Thursday. Under the separate settlement agreements withthe , and will pay a total of $9.5 milliom to the three plans to make up for the money they lost on investments in the stoco of Aloha’s holding which is also bankrupt, the Labor Departmen said in a news release. Aloha and the bankzs will pay another $954,546 in civil penalties to the viatheir trustee, Under the Aloha will pay a total of $5.5 million, and the bankas will pay $2.5 million each in restitutionh and civil penalties.
The Labor Departmen contended that Aloha and Bank of Hawaii allegedly had caused or permittecd the plans to buy stock ofthe airline’se holding company in September 2000 for more than its fair markegt value, breaching their fiduciary duties under the federal Employee Retirement Income Security Act, the department said. The government also contended that FirstHawaiian Bank, an investmeny manager for a portion of investments that weren’ involved in the transaction, facilitated the stock transactionm and thus knowingly participated in the fiduciary breaches or violatedd its duties as a co-fiduciary, it said in the news “We will vigorously pursue plan fiduciaries who engage in transactions with employer securities that are prohibited by ERISA,” said Alan D.
deputy assistant secretary for theLabor Department’s Employee Benefitsa Security Administration.

Crescent Resources files Chapter 11 - Baltimore Business Journal:

http://www.ciydc.org/article/The-American-tuning---.html
Charlotte, N.C.-based Crescent Resourcezs -- a joint venture of and that specializeein mixed-use developments -- said the move is part of its strateguy to reduce debt and improve its capitall structure. The bankruptcy filing was made inthe U.S. Bankruptcyy Court in the Western Districtof Texas, Austin Division. Beforre the Chapter 11 filing, Crescent faced paymentw of $50 million by the end of this $75 million in 2010 and $100 millio in 2011 on its debt. Crescent Resources has landesd $110 million in debtor-in-possession financing from a group of itsexistinhg lenders, which will provide sufficienr funds to operate its ongoingv business activities.
Crescent Resources CEO Arthud Fields has retired from the company and will continue to work with the company in an advisory Andrew Hede, Crescent’s chief restructuring officer, will serve as CEO. a managing director with , has more than 15 yearsz of financial restructuring andbusiness experience. “Wr have been in active discussions with our lenders and othe r stakeholders as we work towards an agreement that will brinv our capital structure in line with the currenrteconomic environment,” Hede said in a news “...
Despite the unprecedented challenges facingv the realestate industry, we believer Crescent's underlying business model is and our assets remain very attractive. We are encouraged that our lenders have agreed to provide additional fundiny to support our continued operations and allow us to maintainb the high level of service and amenities our customerws have cometo expect. We intend to reach an agreemen on our new capital structure and emerge from bankruptcy quickly.” Life insurance giant could keep Crescenft Resources as its joint development partner on the new 20-storyh Phipps Tower, commercial real estates brokers and developers have said.
And Manulifs has options to see the building throughuto completion, brokers and developers have Phipps Tower is a nearly 500,000-square-foot building next to Phipps Plaza in Atlanta’as posh Buckhead area. Crescent Resources is active in commercial and residential real estate development and land management acrosxs the Southeast and Southwest and hascreated mixed-use developments, business and industrialp parks, country-club communities, single-family neighborhoodsx and apartment and condo complexes. It has 38 residentiall communities under development inthe Carolinas, Georgia, Florida and Arizona, and is currently building 1,200 apartment units. It also owns 75,000p acres of land.
Crescent has 264