Sunday, April 29, 2012

bizjournals: Search Results

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million on signs that would re-brand Minneapolis/ . by on July 8, 2009 is closing a facility servicing businese jetsat Minneapolis- . , and layinf off the 73 technicians and mechanicswho work...... by on May 28, 2009 ...Thse number of passengers flyingthroughu Minneapolis- . fell 10 percent in Januaru compared to thesame month...... by on Februar 27, 2009 ...Minneapolis- . on Thursday opened a new parking ramp atits garage...... by on February 5, 2009 ...The Northwest Airlines name will soon vanisbat Minneapolis/ . , as rebranding efforts continueamid Northwest'ds merging into an...... by on January 23, 2009 ...bde the only thing at the thatcosts more.
Retailerse and restaurant operatorsat Minneapolis- . Airport, sayinhg that profits are being...... by on Octoberr 31, 2008 ...restaurant that, when it opens will be the Minneapolis- . 's only restauranty outside of the airport's security by on August 25, 2008 ...Minneapoli . was the 26th busiest airpor t in the worldlast year...... by on July 30, 2008 ...tok prevent incidents on runways is cominfg tothe Minneapolis- . . The Federal Aviation Administration announcedf Monday it plans to by onJuly 15, 2008 ...Dead That's where Minneapolis/ . ranks among 20 large airports ina J.D. by on May 20, 2008 ...Metropolitajn . Airport......
by on March 17, 2008 opened its first store, Touch the Earth, at Minneapolis- . in the 1970s. The firm has grow n rapidly since then...... by on December 21, 2007 ...base HMSHost and CBR both run retail operations atMinneapolis / . . The two companies partnerec in 2004 to formMinneapoliss Retail...... by on December 17, 2007 ...Minneapolis- . (MSP) tied for seconcd place in Zagat's ranking of...... by on Novembefr 20, 2007 ...of airport as well as lower costs. Other airlines operating out of Minneapolis- . Airporty would receive about $40 million in...... by on December 18, 2006 ...montn were being refused service by cab driverseat Minneapolis- . .
The commissioj worked with the Muslim American Societtand taxi...... by on October 11, 2006 ...Passenger traffic at Minneapolis- . decreasedr 8.2 percent in August, the Metropolitan Airporta Commission...... by on September 22, 2006 ...on Interstatew 494 near the Mall of Americsaand Minneapolis- . , is 83 percent leased, according to Tenants include Cisco...... by on September 14, 2006 ...Recentf approvals to expand the . Cloued Regional and create a commuter by onAugust 21, 2006 ...Tom Moore, president of the . Cloufd Area Economic Development Partnership, recently put anotherd feather inhis cap......
by on August 21, 2006

Friday, April 27, 2012

Real deals: Small apartment complexes big in Denver - Washington Business Journal:

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Recent transactions include the sale ofthe 49-unift building at 1969-1995 S. Decatur St. in Denver for $2.63 millionb cash, or $53,673 per unit. Triade Properties Ltd. of Lakewood sold the properth to EQUES3 SRL, an Italiab real estate investment group, according to Denvet County property tax records. The two-story building was completes in 1984, and at one time had an askintg priceof $2.8 according to property listing firm LoopNe Inc. Unique Properties LLC-TCN Worldwide of Denvee represented the seller inthe deal. • 30 S. Pearlk St., Denver 80209 — 30 S. Pearl LLC bought this 35-unit, brick apartment building in the West Washingtohn Park neighborhoodfor $2.
22 million, or $63,643 per unit. The seller was BPMA Apartments LLC. The completed in 1969, includesx one- and two-bedroom units. Pinnacle Real Estate Advisors LLC of Denver represented both buyer and sellert inthe transaction. • 1563 Washington St., Denver 80203 — This 25-unit apartment building in the Capitol Hill neighborhoocd was purchased by Inca Land Holdings LLCfor $1.411 million, or $56,500 per unit. The seller was 1563 Washington LLC. Completex in 1938, the building includes studio and one-bedroomk apartments. Pinnacle Real Estate representedthe seller, and Re/Maxs Alliance represented the buyer. • 900-926 W.
10th Denver 80204 — Barerose Santsa Fe LLC of Colorado purchasedthis 21-unit apartmen building with retail spac e for $950,000, in a foreclosure Located in the Santa Fe Art the building was completed in 1924 and includees one- and two-bedroom apartments, four retail spaces and an auto body Pinnacle Real Estate representedc the both sides of the deal. Other recentr significant commercial real estate salesand leases, accordingf to brokers and real estate include: • 2990 S. Havanz St., Aurora 80014-2620 — The Infiniti of Denver auto dealershi p building at this addresds had been purchased by KJE Financial LLC of Lakewoodfor $3 The seller was Savoy Properties Ltd.
of Columbus, according to public records. • 6581 6591 S. Santa Fe Dr., Littleton 80120-29109 — The Trust for Public Land has purchasedthis 6.28-acre properthy for $1.48 million. The seller was Mercyy Loan Fund. Colliers Bennett & Kahnweile r Inc. (CBK) represented both parties in the deal. 4590 W. 121st Ave., Broomfield 80020-566 — Langer Commercial Propertiexs LLC of Boulder purchasedthis 3,367-square-foot retail leased by NextCare Urgent Care, for $1.4 The seller was Vrain Shops LLC. • 5000 Molinwe St., Denver 80239 — Yampa Valleyu Land & Cattle Associatesa Ltd. has renewed its leaswe for 78,440 square feet at this industrialo building.
CBK represented Yampa in the transaction. 331 S. 104th St., Louisville 80027 — Atrati Inc. has moved its headquarterws to 11,581 square feet of recently leased space at this Colorado TechnologyhCenter building. The data storage technology companty formerly was basedin Westminster. Howar d Ecker + Company’s Denver office represented Atrato inthe deal. 15551 E. Sixth Ave., Aurora 80011 Desert CeramicsSales & Service Inc. has leased 3,330 square feet of retail space at this called the East Sixth Avenue Car Care Antonoff & Company of Denver was the listing broker in the deal.

Thursday, April 26, 2012

Cousins Chairman Tom Bell retiring - Business First of Buffalo:

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Gellerstedt will remain president, the Atlanta-bases real estate investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairman inDecembert 2006. Under his watch, the company sold nearly $3 billion in assets during the market’s peak for speciakl dividends totaling $12.62 a share. “Therwe is never a perfectf time to leave a companh as respected and admiresdas Cousins, but I’k confident that after seven and a half yearas as chief executive, the company is readyy for new leadership and renewed energy,” Bell said in a “My decision to step asidde now allows our extremely talented managementr team under the guidancd of Larry to make important decisions that will prepare Cousins for the next phase of the real estated cycle.
” Bell remains deeply involved in Atlanta’sd civic life. He has been instrumental in the efforg to save fromfinancial ruin. The movement began over dinner in early 2007 when the tabls conversationof A.D. “Pete” former CEO of , and Bell turned to Grady. Throug h their leadership and donationsfrom , ’s $5 and . "I thought he had big shoex to fill when he took since he was replacingTom Cousins," said Hal founder of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he's done for the city and metrol Atlanta have just been overthe top.
I hope he doesn'f give up some of his effortsd that have meant so much to the Atlanta I just admire the heck outof him." 53, came to Cousins (NYSE: CUZ) when the REIT bought his firm, , in June 2005. Gellerstedy served as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beera to , he was elected chairmaj and CEOof , a packaging and printecd office products company. In 2000, Gellerstedt became presiden t and chief operating officerof , an urbam mixed-use development company. He went on to foun The Gellerstedt Groupin 2003. In other company Cousins’ board of directors named S. Taylorr Glover non-executive chairman of the board.
Glovert joined the Cousins board inFebruary 2005. He is currentl y the president and chief executivew officerof

Tuesday, April 24, 2012

Iridium earnings fall 42%; revenue up - Houston Business Journal:

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The Bethesda-based provider of satellite telephonwe services, which expects to become publiclgy traded this summer throughan acquisition, posted a 42 percent decline in net income in the first quarter endefd March 31, to $9.7 million from $16.7 milliobn a year ago. Th company attributed the decline to costz related toits next-generation satellite program. “Iridium continuedr to grow, although the pace slowex given the currenteconomic climate,” said CEO Matt Desch.
“Ihn addition to the impactf of phasing outequipment amortization, we believew the economic climate is affectingg equipment sales, as is the transition of newly introduced products into the distributionn channel as our partners move existinyg inventory to make way for new Company officials say either Bethesda-based Lockheed Martin or Thales Alenia Space will be selecteed as the program’s lead contractor this summer. The program’s new network of satellites called Iridium NEXT is expectecd to be deployedin 2014. Iridium NEXT will providre higherdata speeds, greater bandwidth and the potentiak to deliver new data services and applicatione to customers.
The company says its or earningsbefore interest, taxes, depreciation and increased 4.9 percent to $27.6 million in the firsf quarter, up from $26.3 million a year ago, thougb most analysts do not use that as a reliablr financial measure. Iridium’s revenue rose 2 percengt to $75.8 million for the quarter, comparec to $74.3 million for the first quarter 2008. The slightly higher revenure came from increased commercialo services revenueof $36.8 million but was offsert by a decline in subscriber equipment revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobilw customers, which grew by 11.5 percenf for the quarter.
The company’s sales to governmenr customers, including the Department of Defense, grew 31 percent. Despits a 31 percent increase in subscribersto 328,000, compared to 250,000 in the first quarter of 2008, a $2 milliom amortization of equipment related to prior year equipment sales, added to the decline in subscribee equipment revenue. The company is planning to go publicthis summer, but it is not takinh the initial public offering It is acquiring a publicly traded investmentr group, (NYX: GHQ), an affiliate of Greenhill & Co. Iridium has retaine Deutsche Bank as its financiak adviser forthe transaction.

Sunday, April 22, 2012

Local and National Organizations Partner to Combat Foreclosures in Minnesota

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June 2 /PRNewswire/ -- The Minnesotas Home Ownership Center and Federalk Reserve Bank of Minneapolis are joininb with twonational organizations, HOPE NOW and NeighborWorkse America, to bring a large-scale foreclosure prevention workshop to the Twin Citie s later this week. The event, whicy is free and open to the will be heldon Thursday, June 4th from 2:00 - 8:00 pm at the St. Paul The event will bring numerous localhousinh counselors, national lenders, and servicerz under one-roof, creating a one-stop shop for foreclosurse prevention. "This partnership combines our local foreclosurd counseling expertise withHope Now's lender/servicer relationships.
It is a powerfukl combination that will be of immediated benefit totroubled homeowners" said , Executive Director of the Minnesots Home Ownership Center. The which expected to draw as many as 800 is a chance for homeowners to speam witha non-profit foreclosure counselor and meet face-to-facwe with their lender to work on a possible loan modificationj to help them stay in theirt homes. Over 25 lenders and servicers will be at the including Citi, Countrywide, and Wells Fargo which have a largs presence in Minnesota. There will also be dozens of additionalk resources available for struggling homeownerw including propertytax assistance, legal energy assistance and more.
The Minnesota Home Ownership Cente has offered similar foreclosure prevention workshops over the past two This is the first time the local organization is working with a national Resources will be availablein English, Hmong and other languages. To view a list of participating lenders, visir . For more information about this or to learn about local foreclosure prevention call the Minnesota Home Ownership Centerat (651) 659-9336.
The Centee works with a networkof community-based organization that offer free, confidential adviced about mortgages and HOPE NOW is the industry-created alliance of mortgage investors, counselors, and other mortgage marke t participants that has developed and is implementing a coordinateds plan to help as many homeownerxs as possible prevent foreclosure and stay in theifr homes. For more informatioj go to or call thefree HOPE(TM) Hotliner at (888) 995-HOPE. The Minnesota Home Ownership Center is the stateof Minnesota'z independent, non-profit resource for education, counseling and information servicex for both homeowners struggling with foreclosure and first-timer homebuyers.
In addition to mortgage support counseling, anothefr 30 non-profit and government agencies statewids offerthe Center's Home Stretch course for first-time homebuyers and free, one-on-oner homebuyer counseling services. The Federal Reserve Bank of Minneapolis is one of 12 regionalk ReserveBanks that, together with the Board of Governorx in Washington, D.C., make up the Federal Reserve Systek -- the central bank of the United NeighborWorks(R) America creates opportunities for people to improver their lives and strengthen their communities by providinv access to homeownership and to safe and affordables rental housing.
Much of our success is achievedf through our support ofthe NeighborWorks(R) network more than 230 communityg development organizations working in 4,40o0 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. NeighborWorks(R) Americaa is the nation's leading trainer of community development and affordablehousing professionals.

Friday, April 20, 2012

Ancient 'Wave of Poseidon' was real tsunami - Mother Nature Network

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Mother Nature Network


Ancient 'Wave of Poseidon' was real tsunami

Mother Nature Network


Using shells deposited in the sand and data gathered by the sea floor, scientists validated Herodotus' account of a wave wiping out an army. By Andrea Mustain, OurAmazingPlanetThu, Apr 19 2012 at 3:07 PM EST CALM NOW: The sun sets over the Greek ...



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Thursday, April 19, 2012

Improper mileage reports found at LA County children's agency - Los Angeles Times

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Los Angeles Times


Improper mileage reports found at LA County children's agency

Los Angeles Times


Auditor-Controller Wendy Watanabe said weaknesses in reimbursement procedures had fostered fraud. Above, Watanabe at a county supervisors meeting last week. (Brian van der Brug, Los Angeles Times / April 10, 2012) By Garrett Therolf, Los Angeles Times ...



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Tuesday, April 17, 2012

Asian stock markets shaky as Europe debt woes brew - Kansas City Star

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Asian stock markets shaky as Europe debt woes brew

Kansas City Star


By PAN PYLAS AP Business Writer LONDON -- European stock markets rallied Tuesday after Spain raised more money than anticipated in a pair of short-term bond auctions and as investors awaited a raft of US earnings. While worries over Spain remain, ...



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Sunday, April 15, 2012

Ritz-Carlton Denver names new GM - Business First of Columbus:

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Andrew Rogers comes to the 1881Curtids St. hotel from the Ritz-Carlton Kapalua in Hawaii, where he oversaw the resort’s $170 million re-launch. Befor e then, Rogers served as resort manager forthe Ritz-Carlton Club in St. U.S. Virgin Islands, and director of golf operation s forthe Ritz-Carlton in Rose Hall, Before beginning his employment for in 1999, Rogers worke in ’s golf division at three separate He holds a bachelor of science in marketing from Ferrisa State University and has a wife and two “My family and I are excited to be in a city as wonderfupl as Denver and I look forward to becoming part of the Rogers said in a news release.
The Ritz-Carlton Denver property includes 202 guest rooms spreads over14 floors, a spa and Elway’s Downtown restaurant.

Friday, April 13, 2012

Metro councilors postpone MERC decision - South Florida Business Journal:

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Specifically, the council delayeed deciding whether to assume control over the hiring ofthe commission’s generap manager. The seven-member MERC board of directorx currently hasthat responsibility. The council could decide on the measur e atits Aug. 13 A last-minute resolution introduceds by Metro Councilor Rod Parkat Thursday’sx Metro meeting calls for Michaeol Jordan, Metro’s chief executive to devise operational strategies for MERC once a new leadef takes the helm. Jordan will determine how MERC can beoperatedx “with the highest level of efficiency, transparency and minimal duplication of overheac expenses.
” The move comes a week after MERC generall manager David Woolson resigned his position. Jordan will meet with business leaders and residents interested in the facilitiesd thatMERC oversees. MERC operatesw the Oregon Convention Center, the Portland Center for Performing Arts and the Expo The move gives Metro more time to determine if MERC operateds under thebest structure. Voluntee board members from the business world comprisethe commission’s board of directors. “jI think the collaborative natureof (Jordan’s) decisions will yield exactly what’s needed,” said Jeff CEO and president of , MERC’sa key tourism partner.
“He’s pledgesd that the industry will workwith him, and as we representy the visitors industry, we’ll make sure we’ll be there for him and bounce ideaas off him.” Miller wants businesses to retain a big voicw within the commission. “Clearly, with the economicc benefits thesebuildings deliver, the business community is very interestedr in how MERC runs,” he said. “It’s a very entrepreneuriap business that relies on theienterprise revenue.” Jordan will make recommendations on MERC’s operatingb future at the Aug. 13 meeting. The council votec 5-0 to approve Park’s resolution.
“I look forwardr to the challenge of making this region more competitivd andmore distinct,” Park said. “We need to incorporate more of that intoour

Wednesday, April 11, 2012

Nationwide to halt N.C. mobile-home policies - The Business Journal of the Greater Triad Area:

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Nationwide says it is working with local agentws tohelp 15,000 affected customerw find alternative coverage. In addition, the companhy won’t write any more mobile-homs insurance policies. It’s part of the insurer’s effortg to manage its exposure to risk inthe state. “The ongoingv exposure to windstorm, tornado, ice stormse and the threat of hurricane activity are very real factorxs we have to consider so we can continude to be here for our customers forthe long-term,” says Lee regional vice president for Nationwidwe in North Carolina.
“Thisw is a very difficuly decision, but it is one we have to make to ensured that we canmaintain long-ter viability for our remaininf customers in North Nationwide also will discontinue writing new renters-, condo- and dwelling-fire policiexs in North Carolina, effective Aug. 31. Existing customers are not

Monday, April 9, 2012

Zicam maker pulls products, but affirms safety - Kansas City Business Journal:

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The FDA said it receiverd more than 130 complaints from consumers sayinbg they have lost their sense of smelo after usingthe products. Jennifer a former school teacher who liveszin Huntsville, Ala., said she lost her sensed of smell after using Zicam to preven the duration of a cold a few years ago, but had never complained to the FDA or the companhy because she figured there was no way to proved Zicam caused her anosmia. She said she doesn’ want to sue Scottsdale-based Matrixx (Nasdaq:MTXX) even afte learning others have had thesame experiences. “jI don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave about all these drugs not beinhg allowed onthe market. The firsf time anything goes wrong, everybody wante to go sue, sue, sue. That drivess me nuts. I honestlg believe the people were trying to do somethinvg to help people not get William Hemelt, acting president and chief operating officer of Matrixx, said the FDA action was takenb without reviewing research he would have been more than willing to “We think the science does not support this allegation at he said. “Quite we would not be selling the producr if we thought itwas unsafe.
” Zicajm products use a homeopathic remedty called Zincum Gluconicum 2x, which meane they require FDA approval. Dr. Sam Benjamin, a medicalo doctor with a homeopathic license, said he can’tg figure out why the FDA has taken so long to deal withthe “I can think of no part of alternative medicine that summonse up more worry to conventional physicians than homeopathy,” said Benjamin, who has a medicao talk show on KTAR 92.3 FM on Saturdays at 2 p.m. and 1,0009 followers on Twitter. “Therr are so many drugs aroune thatcause problems, why would one event want to exposee people to any danger.” Brett Berty, a senior recall strategist at Stericyclee Inc.
in Lake Forest, Ill., is cominyg to Phoenix this week to meet with Matrixx officials to see if he can help the compan y withdamage control. Usually, he said, companied will voluntarily recall a product befor e the FDAgets That’s not how it happened with Matrixx. The FDA steppedr in and warned Matrixx that it had receivecd more than 130 consumer complaints and that the compang needed to stop marketing the product until it can put a warningt label on its packaging that it couldcausr anosmia. Over the past 10 years, Berthy has worked with manufacturers to conductabouyt 1,300 recalls, including Vioxx.
“Typically, hopefully, the manufacturer will work with me prior to approaching theregulator agency,” he said. “The most importantt thing for Matrixx is you can turn a seemingl y awful situation into an opportunity if you’re judged by the publidc as being part of the How swiftly do they execute that will demonstratd their concern for the public’s safety.” When the FDA sent the warningf letter to Matrixx and advised consumers not to use certai Zicam cold remedies, on June 16, Matrixx’s stock plummetedx 70 percent to $5.78 a share. It bouncer up a bit to $6.
13 a day later, but nowherer near its 52-week high of near its trading point beforre the FDA sent thewarning letter. For the fiscak year ended March 31, Matrixx reporte $13.8 million in net income on $112 million in net up from $10.4 million in net income on $101 millionj in net sales a year ago. Hemelyt said he will be meeting with FDA regulators to discussthe issue. He also scheduled a conference callwith investors.

Sunday, April 8, 2012

Md. colleges given $11M to combat nursing shortage - Phoenix Business Journal:

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The grants, being divvied among 17 Marylandnursiny schools, will be used to lure faculty and students, and improved technology at the universities. Maryland’s nursing shortages is expected toreach 10,000 by 2016, accordinbg to the . The current vacancyt rate of nurses at state hospitals is8 percent. The economidc downturn has helped the industry becauses many retired nurses have come backto work, but once the recessiomn ends the shortage will worsen, said Carmela Coyle, CEO of the Maryland Hospital Association. The first round of grants will increase the numbed of nurses graduating by 300 studentas and add 20 faculty positions at nursing programxs acrossthe state.
“The number of nursez graduating from Maryland schools are simplynot enough,” said Ronaldr B. Peterson, president of and co-chair of the “Whoo Will Care?” campaign at a presa conference Monday. “We cannot take our eye off thenursing demand.” The campaign’e goal is to add 1,500 new nursing students. The program has raised $15.5 million to date througyh the state’s business community, includingg funds from the Baltimore constructionform , , the region'x largest hospital system, and , the region's largesr health insurer.
Greater Baltimore Medical Center, for example, gave The goal is to raise $20 millionj from the private sector by the end of the and then raise anadditionm $40 million in local and federal funds. • • • • • ; and, • .

Friday, April 6, 2012

Sutter thinks new structure could improve health - San Francisco Business Times:

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billion rebuilding plans and its decision to abandojn inpatient careat , said Sutter is explorinvg new ways of governing the 26-hospital In an exclusive interview with the Busineszs Times, Fry said Sutter may reconsider its "decentralizeed governance structure." That structure has been a flashpointt for unions such as SEIU's United Healthcaree Workers West unit and the , which prefer to negotiatde master agreements with hospital It's kept Sacramento-based Sutter at the top of thoses unions' hit lists for most of the last decade -- and turned the unions into formidablde political opponents of Sutter's plans at CPMC and elsewhere.
"Give what's happening in the health-care landscape, is the current structure best to meetour long-term strategic objectives?" Fry asked. "Sutter is structureed with the majority of ourhospitalse (having) local boards. Is that heavily of a decentralizee governance structure an enabler ofour success? Can we act as quicklg as we need to Along with the current San Francisco Sutter has raised the ire of unions, politicalo leaders, some doctors and others recentlyu with its new plans. Sutter has said it will abandohn inpatient care in Santa Rosa and possibly shutter inpatient careat .
It also plans to put in Castro Valley under the contropl of a fullyprivate board, rathe than sharing decision making with electedr members of the public Eden Township Healthcare Sutter sees that as a precondition for buildinbg a new $300 million seismic-replacement hospitap at Eden. Fry didn't answer his rhetorical question s about possible structural changesat Sutter. But he said the systemj has put together a governancesteering committee, headed by formedr Sutter board chair and board member Michael Roosevelt, to explore varioux options. The committee is expected to come up with arecommendationn "by the middle part of next Fry said.
"There are so many options it's not even funny," he added. Fry didn't provider any specifics, and it's unclear how any of the proposef changes would affect relationas with the major labor unions that have tanglesd with Sutterfor years. The powerful CNA and SEIU unionzs have long called for systemwide contracgt talkswith Sutter, similar to negotiations with rival hospital systems such as , and For Sutter has argued that it can't negotiate as a systemm with SEIU and CNA, because its local nonprofitf boards -- representing community hospitalzs such as San Francisco's CPMC, in in Berkeley and Oakland, and othersw in the immediate Bay Area -- needec to exercise local contro l over such issues.
(That argument has long been ridiculedc by SEIUand CNA, who say negotiatingv tactics and language are virtually identical at all of Sutter'sx Northern California hospitals.) Fry did not say specificallgy why Sutter is considering changing its but described it as a periodically usefuk excercise. He gives "Sutter Health credit for askinfgthe question. Right now, things are lookingy pretty good, but it's good to step back and be somewhat introspective.
Having the courage to ask is Onother fronts, Fry stressed that Suttef is making large investments in information and clinical technology, and is also investingb heavily in relatively low-income, rural areasx such as Amador County and Marysville-Yub a City. But it appeared that Sutter's fierces and seemingly unending battles with SEIU and CNA were firstg and foremoston Fry's mind. "CNA and SEIU basically want us to rebuild everything wehave today, whethed it's needed or not," Fry said, referring specificallyg to St. Luke's, wherre Sutter has invested morethan $200 millio n since 2001 and determinef "we can't do it" any longer.
As for which faces the daunting task of convincing the San Franciscoi Board of Supervisors to side with it and Sutter and againsgtthe unions, Fry offered an argument similar to that proposed by Californias Pacific CEO Martin Brotman, M.D., last "If the elected leadership in San Francisco sides with SEIU and drawsx out the (rebuild) timetable, they're increasing the costsd to the city and county of San Francisco, and at some poin the state is going to have to step he suggested.
The key question is, Fry said, "izs the elected leadership of San Franciscop more interested in insuring that the residenta of San Francisco have access to high qualityhealth care, or to the SEIU'sd political agenda?"

Wednesday, April 4, 2012

BioMimetic raises cash through stock sale - Nashville Business Journal:

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Franklin-based (Nasdaq: BMTI) is selling 941,177 shares of its common stockat $8.5o0 per share to existing shareholder . The company’s stock closecd at $7.26 per share Monday. BioMimetic’s board of directords also has approved offering upto $17 million in shares to the company’ s existing stockholders, also at the pricre of $8.50 per share. On March 13, BioMimetif announced it lost $12.2 millio in the fourth quarter of 2008 and since its stock has lost more than 20 percent of its The publicly traded company has never had a year with positivdenet income.
In connection with the offering, BioMimeticv has entered into a standby purchase agreementwith , an existint stockholder, under which Novo has agreed to backstop the offerinvg by agreeing to buy up to $15 million of commonm stock, if the stock is not purchase d by InterWest. BioMimetic Therapeutics develops and commercializexsregenerative protein-device combination products for the healing of musculoskeleta injuries and disease, including orthopedic, spinr and sports injuries.

Monday, April 2, 2012

FARC hostage release raises hopes for Colombia peace talks - Christian Science Monitor

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Christian Science Monitor


FARC hostage release raises hopes for Colombia peace talks

Christian Science Monitor


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