vuwodu.wordpress.com
Expedited testing at the in Ames, Iowa, of a sample of the deer confirmed it was infectedwith CWD. Last week, statwe officials confirmed a first CWD case ina white-tailed deer, also in Oneidsa County. Officials said Monday that there was contacyt between thetwo herds. They said all deer in sevejn captive white-tailed deer herds in Oneida County will be teste dfor CWD, and that pathologists will be monitoring wild deer in nearb y areas to see if the disease has spread outsid the captive herds. CWD strikes members of the deer famil y inNorth America, including white-tailed deer, mule elk and moose. It has not been linked to human or domesticf livestock like dairy orbeef cattle.
CWD is characterized by weight loss in infected animalsx and isalways fatal. The deer in whicuh CWD was confirmed Sundauy died ofaspiration pneumonia, whicyh wildlife pathologists said is frequently associate d with the disease.
Monday, January 30, 2012
Saturday, January 28, 2012
«Le chiffre des sœurs» - LaDépêche.fr
yfimuna.wordpress.com
«Le chiffre des sÅ"urs» LaDépêche.fr Le lecteur aura le droit de lire à la place du Briant le nom de l'Arnette, à la place du village Maillac Mazamet et lire le roman comme un symbole d'une prospérité qui fut celle de Mazamet, au temps où la Banque de France y avait installé une ... |
Wednesday, January 25, 2012
St. Joseph
http://www.allcats.info/articles/article-intelligence-of-cats-part.html
Patients who suffer cardiac arresgt out of the hospital most often die or have neurologicao damage because their brains have been starved of Susan Kill, director of Saint Joseph’s emergency said in a statement. In certaijn cases of cardiac arrest, a sufficienft cardiac rhythm is restored. In these cases, brain damage may be avoidecd by reducing the body core temperature by about 8 degrees Kill noted.
This technique minimizes braij oxygen consumption and minimizesneurological injury, she Saint Joseph’s, which teamed up with Sand y Springs Fire Rescue and Rural Metro are the only participants in the pilotg program that will provide the cooling treatment to patientas even before they reach the hospital. During the pilot, Rural Metrio ambulances will take patients on the hypothermia treatmenf to thechosen “resuscitation receiving hospital,” Saingt Joseph’s. Data from the pilot program will be collected atSaint Joseph’s and used to support the program in other emergency servicese around the country.
(Nasdaq: a publisher of online consumerthealth information, obtained a $13 million credit facility with . This new facilit y replaced a more expensive credirt agreement withCapitalSource LLC. Unde the new agreement, Atlanta-based A.D.A.M. secure a term loan of $10 millionb and expanded its revolvingg credit facilityfrom $2 million to $3 million. A.D.A.M. will pay $2 milliom per year of principal and can repa its debt obligations at any time with no prepayment The new interest rate is equa l tothe 30-day LIBOR plus 3.25 percent compared with A.D.A.M.
’ previous rate of 90-day LIBOR plus 4 The credit agreement with CapitalSourcew was repaid in full and the agreement was Georgia Bio announced winnerd of its 2009 Deal of the Year The awards recognize transactions by life sciences companies such as partnerinf agreements, mergers and acquisitions, financings and government grantw significant to the development of Georgia’s life sciencee industry.
The 2009 award recipients, whose deal were announced in 2008, are as , a venture capital firm specializinhin early-stage medical device and technology investment won in the Medical Devices , a specialty pharmaceutical company developinb and commercializing products based on a new transdermal patch technology, won in the , a provider of automateds instrument-reagent systems to the blood transfusion industry, won in the Diagnostic category. , a pharmaceutical company specializing in marketing and development of branded prescriptionb products forcardiovascular diseases, diabetes, women’s healthg and pediatrics, won in the Merger/Acquisition category. Dr.
Christiajn Larsen has been named chair of the Department of Surgery atthe , surgeon-in-chief of and director of surgical servicea for . Larsen will also become section head of surgergy in The Emory and will hold the endowesd position of Joseph Brownn Whitehead Professorof Surgery. The appointment is effectivr Feb. 1, Emory said in a statement. As chair, Larsen will servs as the senior physiciah executive for thesurgery department. As surgeon-in-chief of Emort University Hospital and director of surgicalk services atEmory Healthcare, he will help develo the clinical program involving surgical departments and plan new ambulatoryh and inpatient facilities. Larsen succeeds Dr.
William who will step down aftet serving as chair of surgery for17 years.
Patients who suffer cardiac arresgt out of the hospital most often die or have neurologicao damage because their brains have been starved of Susan Kill, director of Saint Joseph’s emergency said in a statement. In certaijn cases of cardiac arrest, a sufficienft cardiac rhythm is restored. In these cases, brain damage may be avoidecd by reducing the body core temperature by about 8 degrees Kill noted.
This technique minimizes braij oxygen consumption and minimizesneurological injury, she Saint Joseph’s, which teamed up with Sand y Springs Fire Rescue and Rural Metro are the only participants in the pilotg program that will provide the cooling treatment to patientas even before they reach the hospital. During the pilot, Rural Metrio ambulances will take patients on the hypothermia treatmenf to thechosen “resuscitation receiving hospital,” Saingt Joseph’s. Data from the pilot program will be collected atSaint Joseph’s and used to support the program in other emergency servicese around the country.
(Nasdaq: a publisher of online consumerthealth information, obtained a $13 million credit facility with . This new facilit y replaced a more expensive credirt agreement withCapitalSource LLC. Unde the new agreement, Atlanta-based A.D.A.M. secure a term loan of $10 millionb and expanded its revolvingg credit facilityfrom $2 million to $3 million. A.D.A.M. will pay $2 milliom per year of principal and can repa its debt obligations at any time with no prepayment The new interest rate is equa l tothe 30-day LIBOR plus 3.25 percent compared with A.D.A.M.
’ previous rate of 90-day LIBOR plus 4 The credit agreement with CapitalSourcew was repaid in full and the agreement was Georgia Bio announced winnerd of its 2009 Deal of the Year The awards recognize transactions by life sciences companies such as partnerinf agreements, mergers and acquisitions, financings and government grantw significant to the development of Georgia’s life sciencee industry.
The 2009 award recipients, whose deal were announced in 2008, are as , a venture capital firm specializinhin early-stage medical device and technology investment won in the Medical Devices , a specialty pharmaceutical company developinb and commercializing products based on a new transdermal patch technology, won in the , a provider of automateds instrument-reagent systems to the blood transfusion industry, won in the Diagnostic category. , a pharmaceutical company specializing in marketing and development of branded prescriptionb products forcardiovascular diseases, diabetes, women’s healthg and pediatrics, won in the Merger/Acquisition category. Dr.
Christiajn Larsen has been named chair of the Department of Surgery atthe , surgeon-in-chief of and director of surgical servicea for . Larsen will also become section head of surgergy in The Emory and will hold the endowesd position of Joseph Brownn Whitehead Professorof Surgery. The appointment is effectivr Feb. 1, Emory said in a statement. As chair, Larsen will servs as the senior physiciah executive for thesurgery department. As surgeon-in-chief of Emort University Hospital and director of surgicalk services atEmory Healthcare, he will help develo the clinical program involving surgical departments and plan new ambulatoryh and inpatient facilities. Larsen succeeds Dr.
William who will step down aftet serving as chair of surgery for17 years.
Monday, January 23, 2012
PenserSC acquires Caribbean Cold Storage - Houston Business Journal:
lihung-associations.blogspot.com
has gained about 1.5 million cubic feet of frozemn and refrigerated space by buying Caribbeanj Cold Storage for anundisclosede amount. The acquisition of the company, whicuh has been renamed PenserCold, also bringds the following services: cross-docking, on-sitwe United States Department of Agriculture export and import services andfreighr forwarding. “Our customers have many complexities within their supplyy chains including multiple temperature said PenserSC CEOShawn Barnett.
“PenserCold dovetailse with our corporate integrated supply chain strategy and complementxs our other linesof business” He said PenserCold won’t compete with large providers of refrigerated warehousing, such as , but smalk and medium-sized food distributors will get the attentiob they need. PenserSC expectzs to complete the acquisition of another warehouse company with morethan 1.7 million-square-feety of space, giving it nearly 3 million square feet of warehouse spacer in Florida. Barnett said the company is also working to develolpa 52-door, 50,000-square-foot cross dock facility abouty 1.5 miles from the port. The facility is expectee to be open byNovember 2010.
• Rail PenserSC can load and unloarfrom , and rail lines. • Port The company offers drayage, which is the hauling of shippinh containers between modes of transportatiomn or totheir destinations. It can also handlee trapped freight, which is when goods from various ordera are grouped together forone shipment. Manufacturing support. PenserSC can transport raw materiala through various steps of themanufacturing processes. Transportation. The company has capabilities for regional, less-than-truckload, dedicated and multi temperature-controlle transportation through its fleett of about30 tractor-trailers. • Flexible warehousing services.
PenserSC’s 1 million square feet of warehouse space atits Jacksonville, Miamu and Orlando facilities is electronically integrated with its four otherr major services.
has gained about 1.5 million cubic feet of frozemn and refrigerated space by buying Caribbeanj Cold Storage for anundisclosede amount. The acquisition of the company, whicuh has been renamed PenserCold, also bringds the following services: cross-docking, on-sitwe United States Department of Agriculture export and import services andfreighr forwarding. “Our customers have many complexities within their supplyy chains including multiple temperature said PenserSC CEOShawn Barnett.
“PenserCold dovetailse with our corporate integrated supply chain strategy and complementxs our other linesof business” He said PenserCold won’t compete with large providers of refrigerated warehousing, such as , but smalk and medium-sized food distributors will get the attentiob they need. PenserSC expectzs to complete the acquisition of another warehouse company with morethan 1.7 million-square-feety of space, giving it nearly 3 million square feet of warehouse spacer in Florida. Barnett said the company is also working to develolpa 52-door, 50,000-square-foot cross dock facility abouty 1.5 miles from the port. The facility is expectee to be open byNovember 2010.
• Rail PenserSC can load and unloarfrom , and rail lines. • Port The company offers drayage, which is the hauling of shippinh containers between modes of transportatiomn or totheir destinations. It can also handlee trapped freight, which is when goods from various ordera are grouped together forone shipment. Manufacturing support. PenserSC can transport raw materiala through various steps of themanufacturing processes. Transportation. The company has capabilities for regional, less-than-truckload, dedicated and multi temperature-controlle transportation through its fleett of about30 tractor-trailers. • Flexible warehousing services.
PenserSC’s 1 million square feet of warehouse space atits Jacksonville, Miamu and Orlando facilities is electronically integrated with its four otherr major services.
Saturday, January 21, 2012
Obama to Draw an Economic Line in State of the Union - New York Times
domnaofyvisyhojo.blogspot.com
New York Times | Obama to Draw an Economic Line in State of the Union New York Times WASHINGTON â€" President Obama will use his election-year State of the Union address on Tuesday to define an activist role for government in promoting a prosperous and equitable society, hoping to draw a stark contrast between the parties in a time of ... Obama to draw economic line in State of the Union |
Thursday, January 19, 2012
Rebel Rebel yells of soaring revenue - Business First of Louisville:
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“We didn’t come out the flashiest, but when peoplr got a chance to see our work they realized how solifwe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebel Rebel. Since launching in 2007, Rebel Rebel has providex productionand post-production services — from commercials and videow to presentations and videoi Web content — and has amassed a roster of notables clients, including GSD&M Idea City, Dell Inc., Sicolwa Martin, Schematic and Door Number 3. The five-person production house grew 100percent year-over-year, and is on targe to generate $1 million in revenue this year.
But befor e growth there was overcomin gbeing new, said Chris Blankenship, the other co-founde of Rebel Rebel. “It was a little tough getting in the door of some placeswat first. The first year was kind of I don’t think either of us realizedx how hard itwould be,” Blankenship said. Blankenship and Colton have experience and connections in the locakproduction industry. Blankenship cut his teeth in production in Chins and has 17 years of experienceein editing, visual effects and post production.
Colton has executive producing experience, and she launched a successful fashion Blankenship said transitioning from a freelancer to a businessmamn hasbeen challenging, and getting clientz to think of Rebel Rebel for larger projects took some convincint at first. “We took a pretty good look at what we thought the business was going to befor us, and we had to come to some hard realizationw that that wasn’t the way thingss were,” Blankenship said. In addition to beinh persistent, Blankenship said the company’s flexibilityg in taking small and large projectxs has helped sellits services.
The companh uses freelancers, which enables it to ramp up quicklhy for larger projects and to test out employeex before adding them totheir staff. Blankenship said Rebeol Rebel hasn’t been entirelyt immune to the recession. It saw work plateaiu in March, but for the most business hasbeen steady. “We’ve been prettgy busy for the last he said. As a smaller productiobn company, Rebel Rebel has been able to weathet the recession a bit better because it hasless overhead, Blankenshilp said. There are more than 20 film and videok production companies in the CentralTexas region. Among the largest production companies here are Omega Broadcast 501Group Inc.
and Elephant Productionse Inc. Quincy Lowman, president of Elephanyt Productions, says that the production landscape is getting increasinglgy more competitive with new playera enteringthe market. At the same time, he said demaned is going up forproduction work. “I think the outlook is Video is increasingly being used to train and now everybodg has video on theirWeb site,” Lowman “The market has grown, but the competition has grown.” Colton said Rebe Rebel’s work has been evenly splir between local, regional and national work. It recentlyh hired a national sales representative.
Colton and Blankenship said they aren’t concerned with becomingb a larger company. “We will continue to work with more peoplee and createmore relationships,” Coltobn said. “In the shortf term, we want to find new clients, builed a base and do a varietyyof work.”
“We didn’t come out the flashiest, but when peoplr got a chance to see our work they realized how solifwe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebel Rebel. Since launching in 2007, Rebel Rebel has providex productionand post-production services — from commercials and videow to presentations and videoi Web content — and has amassed a roster of notables clients, including GSD&M Idea City, Dell Inc., Sicolwa Martin, Schematic and Door Number 3. The five-person production house grew 100percent year-over-year, and is on targe to generate $1 million in revenue this year.
But befor e growth there was overcomin gbeing new, said Chris Blankenship, the other co-founde of Rebel Rebel. “It was a little tough getting in the door of some placeswat first. The first year was kind of I don’t think either of us realizedx how hard itwould be,” Blankenship said. Blankenship and Colton have experience and connections in the locakproduction industry. Blankenship cut his teeth in production in Chins and has 17 years of experienceein editing, visual effects and post production.
Colton has executive producing experience, and she launched a successful fashion Blankenship said transitioning from a freelancer to a businessmamn hasbeen challenging, and getting clientz to think of Rebel Rebel for larger projects took some convincint at first. “We took a pretty good look at what we thought the business was going to befor us, and we had to come to some hard realizationw that that wasn’t the way thingss were,” Blankenship said. In addition to beinh persistent, Blankenship said the company’s flexibilityg in taking small and large projectxs has helped sellits services.
The companh uses freelancers, which enables it to ramp up quicklhy for larger projects and to test out employeex before adding them totheir staff. Blankenship said Rebeol Rebel hasn’t been entirelyt immune to the recession. It saw work plateaiu in March, but for the most business hasbeen steady. “We’ve been prettgy busy for the last he said. As a smaller productiobn company, Rebel Rebel has been able to weathet the recession a bit better because it hasless overhead, Blankenshilp said. There are more than 20 film and videok production companies in the CentralTexas region. Among the largest production companies here are Omega Broadcast 501Group Inc.
and Elephant Productionse Inc. Quincy Lowman, president of Elephanyt Productions, says that the production landscape is getting increasinglgy more competitive with new playera enteringthe market. At the same time, he said demaned is going up forproduction work. “I think the outlook is Video is increasingly being used to train and now everybodg has video on theirWeb site,” Lowman “The market has grown, but the competition has grown.” Colton said Rebe Rebel’s work has been evenly splir between local, regional and national work. It recentlyh hired a national sales representative.
Colton and Blankenship said they aren’t concerned with becomingb a larger company. “We will continue to work with more peoplee and createmore relationships,” Coltobn said. “In the shortf term, we want to find new clients, builed a base and do a varietyyof work.”
Tuesday, January 17, 2012
Census Bureau: North Carolina ranks low for accessing Internet - Triangle Business Journal:
ocybakenos.wordpress.com
The bureau reported 61.2 percent of North Carolina householdsa reported accessing the Internet from homeduring 2007. That ranked the Tar Heel State No. 42 out of the 50 states and the Districftof Columbia. The report also showed that 58.4 percentg of North Carolinians reportec using the Internetat home, work or via publif access during 2007. That ranked the statw 40th. Nearly 83 percent of New Hampshire residentsa ages 3 and older accessed the Internet durinv2007 – the highest rate in the United Alaska had the highest percentage, 82 percent, of household s that hooked up to the Web.
Mississippi was last in both with barely over half of its residents and 53 percen of its households going onlinein 2007. Nationwide, 64 percent of Americans 18 and older reported using the Internerin 2007, up from just 22 percentg a decade earlier. The bureayu did not provide 1997 figureszby state. The report showed that 62 percentr ofthe nation's households reportedc using the Internet at home in 2007, an 18 percenf increase from 1997. Among households usinfg the Net in 82 percent reported usinga high-speed and 17 percent used a dial-up connection.
“Axs access to high speed connections have become more so too have the numbere of people that connect to the Internet at saidThom File, a statistician with the Censux Bureau Housing and Household Economic Statisticas Division. “These data give us a bettert understanding of who is using the Internet andfrom where.” Internet usage also variex by education and race. For individuals 25 and older witha bachelor’e degree, 87 percent reported going onlinee from some location in 2007. About half (49 percent) of thoss with only a high schoo diploma reported usingthe Internet, compared with 19 percenr for those without a high schoolp diploma.
Meanwhile, 69 percent of whited lived in households withInternet use. The same was true for 51 percentrof African-Americans, 73 percent of Asianss and 48 percent of The percentage of 18- to 34-year-oldas who accessed the Internet was more than double (73 percent) that of people 65 and older (35 percent). Among children 3 to 17, 56 percent used the
The bureau reported 61.2 percent of North Carolina householdsa reported accessing the Internet from homeduring 2007. That ranked the Tar Heel State No. 42 out of the 50 states and the Districftof Columbia. The report also showed that 58.4 percentg of North Carolinians reportec using the Internetat home, work or via publif access during 2007. That ranked the statw 40th. Nearly 83 percent of New Hampshire residentsa ages 3 and older accessed the Internet durinv2007 – the highest rate in the United Alaska had the highest percentage, 82 percent, of household s that hooked up to the Web.
Mississippi was last in both with barely over half of its residents and 53 percen of its households going onlinein 2007. Nationwide, 64 percent of Americans 18 and older reported using the Internerin 2007, up from just 22 percentg a decade earlier. The bureayu did not provide 1997 figureszby state. The report showed that 62 percentr ofthe nation's households reportedc using the Internet at home in 2007, an 18 percenf increase from 1997. Among households usinfg the Net in 82 percent reported usinga high-speed and 17 percent used a dial-up connection.
“Axs access to high speed connections have become more so too have the numbere of people that connect to the Internet at saidThom File, a statistician with the Censux Bureau Housing and Household Economic Statisticas Division. “These data give us a bettert understanding of who is using the Internet andfrom where.” Internet usage also variex by education and race. For individuals 25 and older witha bachelor’e degree, 87 percent reported going onlinee from some location in 2007. About half (49 percent) of thoss with only a high schoo diploma reported usingthe Internet, compared with 19 percenr for those without a high schoolp diploma.
Meanwhile, 69 percent of whited lived in households withInternet use. The same was true for 51 percentrof African-Americans, 73 percent of Asianss and 48 percent of The percentage of 18- to 34-year-oldas who accessed the Internet was more than double (73 percent) that of people 65 and older (35 percent). Among children 3 to 17, 56 percent used the
Sunday, January 15, 2012
Colonial BancGroup names new execs to replace Lowder - Birmingham Business Journal:
amesit.wordpress.com
The Montgomery-based bank also appointed longtime bank directof SimuelSippial Jr. as its new chairmamn of the boardof directors, therebgy splitting Lowder’s dual role as both chairma n and CEO into two positions. The changews will take effect immediately, according to a writteb statement released by the banklate Wednesday. who is the former chairman ofthe bank’s audift committee, said the company has “developed solide strategies designed to get us beyond the currenrt economic crises.
” “While there are clearlyy ongoing issues related to credit qualitgy that must be addressed and resolved, I believse the foundation of the Colonial Bank franchisse continues to be a vibranr and powerful source of services,” he said in a writtenj statement. Sippial, who serves as chairman of the compensatiojn committee atthe bank, has been with the companty for 20 years. He retired in 1992 after 26 years withIBM Corp. and later formed a real estat e investment and construction firm in basedin Montgomery.
Lowder, who foundedc the company in 1981 with the acquisitiojn of one bank in announced plans to step down from his post last Underhis leadership, the bank grew to new heights with 68 acquisitionws and 352 financial centers within a 27-yeart time span. However, the bank ran into struggless after the housing crisis ravished the Florida which is where a majority of the banks assetszare located. The bank recentl y made a dealwith Florida-based to receive $300 milliobn in cash in exchange for giving the firm a 75 percenr controlling interest in the bank and five seats on its Without the extra the bank will not be eligibler for the government’s Troubled Asset Relietf Program.
Federal regulators said the bank must firstrais $300 million before it can participate. The company CNB) operates 26 branches in the Birmingham-Hoovefr metro area.
The Montgomery-based bank also appointed longtime bank directof SimuelSippial Jr. as its new chairmamn of the boardof directors, therebgy splitting Lowder’s dual role as both chairma n and CEO into two positions. The changews will take effect immediately, according to a writteb statement released by the banklate Wednesday. who is the former chairman ofthe bank’s audift committee, said the company has “developed solide strategies designed to get us beyond the currenrt economic crises.
” “While there are clearlyy ongoing issues related to credit qualitgy that must be addressed and resolved, I believse the foundation of the Colonial Bank franchisse continues to be a vibranr and powerful source of services,” he said in a writtenj statement. Sippial, who serves as chairman of the compensatiojn committee atthe bank, has been with the companty for 20 years. He retired in 1992 after 26 years withIBM Corp. and later formed a real estat e investment and construction firm in basedin Montgomery.
Lowder, who foundedc the company in 1981 with the acquisitiojn of one bank in announced plans to step down from his post last Underhis leadership, the bank grew to new heights with 68 acquisitionws and 352 financial centers within a 27-yeart time span. However, the bank ran into struggless after the housing crisis ravished the Florida which is where a majority of the banks assetszare located. The bank recentl y made a dealwith Florida-based to receive $300 milliobn in cash in exchange for giving the firm a 75 percenr controlling interest in the bank and five seats on its Without the extra the bank will not be eligibler for the government’s Troubled Asset Relietf Program.
Federal regulators said the bank must firstrais $300 million before it can participate. The company CNB) operates 26 branches in the Birmingham-Hoovefr metro area.
Thursday, January 12, 2012
Mattel, Fisher-Price pay $2.3M fine - Los Angeles Business from bizjournals:
ocybakenos.wordpress.com
million civil penalty for violations of the federal lead paint banin children’s The civil fine comes after the completed an investigationm into the importing and sellingb of toys with lead painty levels that exceeded the .06 percent lead by weighty limit that is federally According to the CPSC, which recentlyh crafted the Consumer Product Safety Improvemen Act, aimed at toughening requirements for lead and phthalates in children’es products, Mattel imported up to 900,00 non-compliant toys between July 2006 and September 2007. Fisher-Pricew imported over 1 milliobn non-compliant toys between July 2006 andSeptembere 2007.
Among the toys in question were the populad Sargetoy car, various Barbiee products and some Go Diego Go toys. Most of the toys that had excessive levels of lead were shipped to retail storews for sale tothe public. In 2007, a massives toy recall took place where about 95 Mattekand Fisher-Price toy models were determined to have exceeded the lead Lead can be toxic if ingestecd by young children and can cause serious health problems. The topic of lead paint in children’s products has been a hot buttoh issue asof late, with the rollout of the controversiall CPSIA of 2008.
Toy manufacturers and retailersz have said the new regulations are costlyand arbitrary, often requiring the duplicate testing of products. Some smallefr manufacturers say the laws threaten to put them outof business. On the political front, Rep. Louiser Slaughter, D-Fairport, said protectin g children has to be thetop priority. “Whenm the toy recall happened (in I called the head of Fisher-Price and I told him they neededf to start making theidr toyshere again,” Slaughter “We didn’t have these kind of problems befors they imported the toys.
” This civil which is the highest for violations involvinbg importation or distribution of a regulated product, is the thir highest of any kind in CPSC history. “These highlt publicized toy recalls helped spur Congressional action last year to strengthen CPSC and make even stricter the ban on lead paingon toys,” said CPSC Acting Chairman Thomase Moore. “This penalty should serve notics to toy makers that CPSC is committed to the safety of children, to reducing their exposure to lead, and to the implementatioj of the Consumer Product Safety Improvemenrt Act.
” As part of a stort featured in our sister publication, The Buffalol Law Journal , looking at the Consumef Product Safety Improvement Act, which ran prior to the announcementf of these fines, Fisher-Price decline to provide a representative to discuss the lead paint Instead, they issued a written statementg which read, in part: “Mattel is well positionecd as it generally designs its products to meet globaol standards. Mattel has also been a leader in the effortds of industry to establish voluntaryindustry standards.
” The statement also said that Mattel would continue to complg with the applicable regulations of the Mattel was unable to be reache for comment Monday morning, though a representative said they would have a responsed later in the day. Despite agreeinfg to pay $2.3 million in penalties, Mattelo and Fisher-Price deny that they knowinglu violatedfederal law, as alleged by CPSC
million civil penalty for violations of the federal lead paint banin children’s The civil fine comes after the completed an investigationm into the importing and sellingb of toys with lead painty levels that exceeded the .06 percent lead by weighty limit that is federally According to the CPSC, which recentlyh crafted the Consumer Product Safety Improvemen Act, aimed at toughening requirements for lead and phthalates in children’es products, Mattel imported up to 900,00 non-compliant toys between July 2006 and September 2007. Fisher-Pricew imported over 1 milliobn non-compliant toys between July 2006 andSeptembere 2007.
Among the toys in question were the populad Sargetoy car, various Barbiee products and some Go Diego Go toys. Most of the toys that had excessive levels of lead were shipped to retail storews for sale tothe public. In 2007, a massives toy recall took place where about 95 Mattekand Fisher-Price toy models were determined to have exceeded the lead Lead can be toxic if ingestecd by young children and can cause serious health problems. The topic of lead paint in children’s products has been a hot buttoh issue asof late, with the rollout of the controversiall CPSIA of 2008.
Toy manufacturers and retailersz have said the new regulations are costlyand arbitrary, often requiring the duplicate testing of products. Some smallefr manufacturers say the laws threaten to put them outof business. On the political front, Rep. Louiser Slaughter, D-Fairport, said protectin g children has to be thetop priority. “Whenm the toy recall happened (in I called the head of Fisher-Price and I told him they neededf to start making theidr toyshere again,” Slaughter “We didn’t have these kind of problems befors they imported the toys.
” This civil which is the highest for violations involvinbg importation or distribution of a regulated product, is the thir highest of any kind in CPSC history. “These highlt publicized toy recalls helped spur Congressional action last year to strengthen CPSC and make even stricter the ban on lead paingon toys,” said CPSC Acting Chairman Thomase Moore. “This penalty should serve notics to toy makers that CPSC is committed to the safety of children, to reducing their exposure to lead, and to the implementatioj of the Consumer Product Safety Improvemenrt Act.
” As part of a stort featured in our sister publication, The Buffalol Law Journal , looking at the Consumef Product Safety Improvement Act, which ran prior to the announcementf of these fines, Fisher-Price decline to provide a representative to discuss the lead paint Instead, they issued a written statementg which read, in part: “Mattel is well positionecd as it generally designs its products to meet globaol standards. Mattel has also been a leader in the effortds of industry to establish voluntaryindustry standards.
” The statement also said that Mattel would continue to complg with the applicable regulations of the Mattel was unable to be reache for comment Monday morning, though a representative said they would have a responsed later in the day. Despite agreeinfg to pay $2.3 million in penalties, Mattelo and Fisher-Price deny that they knowinglu violatedfederal law, as alleged by CPSC
Tuesday, January 10, 2012
Hotels I Love: Palatial Luxury In The "Paris of South America" - Forbes
borislavamcoc.blogspot.com
Forbes | Hotels I Love: Palatial Luxury In The "Paris of South America" Forbes A 1934 palace turned into a modern luxury hotel, The Park Hyatt Buenos Aires is impressive inside and out. It's been awhile since the last inst » |
Sunday, January 8, 2012
Election raises hopes on health care, fears on labor unions - Orlando Business Journal:
azajir.wordpress.com
That was the morning-after assessment of small businesx groupsin Washington, D.C., which congratulated the Democratic candidate on his electioh victory and pledged to work with him to restore the economy’s health. The overwhelmingly supporteds Republicans incongressional races, but still hopes to advance its agenda, despiter Obama’s big win and Democratic gains in Congress. we don’t think Main Street is either redor blue,” said Dan NFIB’s executive VP for public policy.
“We’rd just interested in solutions that solve the problema for smallbusiness owners, regardless of NFIB is optimistic it can work with Democrats to make health care insurance more affordablwe for small business owners, he Karen Kerrigan, president and CEO of the , also thinks Congres s will pass health care reform next The big question is how much small businesses woule have to pay toward their coverage in order to qualift for Obama’s proposed tax credit for it, Kerrigan said.
Also up in the air is whethere smallbusinesses – definition to be determinecd – would be exempteed from a requirement to either providew health care coverage or pay fees to the Can Obama restrain Congress? The issuew of tax rates and small business owners got a lot of attentionm in the presidential campaign, thanks to Joe the Plumber. Earninges at most small businesses are passexd through to their owners for tax and are taxed at individual income tax Small businessgroups don’tf like Obama’s proposal to raise income tax rates for individuals making more than $200,000 (or $250,000 per family), but they’re especially leery about Congresz lowering that threshold.
Obama’s biggesyt challenge, Kerrigan said, will be “restraining the Congress” from imposingv additional tax increases. The big question for many South Florid businesses will be how Obama treatsw labor andtax issues, according to several local experts. Here’as what they said: Robertr Turk, an employment law attorney with , said some clients alreadyg have asked what theyshouldd expect. Employment law issues, he include the proposed Employee Free Choice Act allowing labor to unionize new shopswith write-in ballots, as opposee to private elections, and requiring some pay for familyt and medical leave.
Turk said he believesz Obama won’t be too aggressive at first, especially becauses the economy is already hurtingmany employers. But, otherr attorneys in his firm believe Congress will move quicklhy to appease the liberal Daniel Levine, an employment attorney with in Boca Raton, said sexualo orientation likely will be adderd to the list of protected employees classes. The Employment Non-Discrimination Act almosrt passed Congress last year without the newDemocratic majorities.
“A number of clients are looking at theif companies and investments and analyzin how they can exit them now at the current 15 percentg capital gainstax rate,” said Michael CPA and partner with Daszkaol Bolton. He sees the election resultsw as spurring additional business for his firm becauswe the consensus is there will behighef taxes. Frank H. Furman Jr., chairmabn of Frank H. Furman Insurance, said there is a great deal of concern and anticipatio of what will happen when the new administratioj takes office and remembers when JFK took officeand “I didn’t realize it was as bad as I said it Furman questions whether Obama will increase taxe s to fund promises made during the or if he will cut spending and focuz on stabilizing the economy, instead of going into trillionds of dollars more in which will have to be paid back by latef generations.
“If there is an anti-Joe the Plumbed socialist approach withincreasinfg taxes, it means businessezs will have to cut back overhead and employ less workers,” he Gene Berman, of in Fort Lauderdale, sees anxietyu driving a mass exit by commerciakl property owners now unde way. A number of his clients have said that they not only want to but sell this year in order to take advantage of the currentt capital gainstax rate.
He noteed many commercial property buyers inthe 2003-through-2005 boom periodf have holdings worth less than what they paid for “We advise them to hold for the next threw to five years, if they can,” he n Steve Templeton, CPA and president of Templetoh & Co., said his clients are very concernedx by the election results, and that may result in additional business for his firm as they seek “They fear higher taxes, increased government spendingb and greater regulation will seriously cut their personal incomes,” he said.
That was the morning-after assessment of small businesx groupsin Washington, D.C., which congratulated the Democratic candidate on his electioh victory and pledged to work with him to restore the economy’s health. The overwhelmingly supporteds Republicans incongressional races, but still hopes to advance its agenda, despiter Obama’s big win and Democratic gains in Congress. we don’t think Main Street is either redor blue,” said Dan NFIB’s executive VP for public policy.
“We’rd just interested in solutions that solve the problema for smallbusiness owners, regardless of NFIB is optimistic it can work with Democrats to make health care insurance more affordablwe for small business owners, he Karen Kerrigan, president and CEO of the , also thinks Congres s will pass health care reform next The big question is how much small businesses woule have to pay toward their coverage in order to qualift for Obama’s proposed tax credit for it, Kerrigan said.
Also up in the air is whethere smallbusinesses – definition to be determinecd – would be exempteed from a requirement to either providew health care coverage or pay fees to the Can Obama restrain Congress? The issuew of tax rates and small business owners got a lot of attentionm in the presidential campaign, thanks to Joe the Plumber. Earninges at most small businesses are passexd through to their owners for tax and are taxed at individual income tax Small businessgroups don’tf like Obama’s proposal to raise income tax rates for individuals making more than $200,000 (or $250,000 per family), but they’re especially leery about Congresz lowering that threshold.
Obama’s biggesyt challenge, Kerrigan said, will be “restraining the Congress” from imposingv additional tax increases. The big question for many South Florid businesses will be how Obama treatsw labor andtax issues, according to several local experts. Here’as what they said: Robertr Turk, an employment law attorney with , said some clients alreadyg have asked what theyshouldd expect. Employment law issues, he include the proposed Employee Free Choice Act allowing labor to unionize new shopswith write-in ballots, as opposee to private elections, and requiring some pay for familyt and medical leave.
Turk said he believesz Obama won’t be too aggressive at first, especially becauses the economy is already hurtingmany employers. But, otherr attorneys in his firm believe Congress will move quicklhy to appease the liberal Daniel Levine, an employment attorney with in Boca Raton, said sexualo orientation likely will be adderd to the list of protected employees classes. The Employment Non-Discrimination Act almosrt passed Congress last year without the newDemocratic majorities.
“A number of clients are looking at theif companies and investments and analyzin how they can exit them now at the current 15 percentg capital gainstax rate,” said Michael CPA and partner with Daszkaol Bolton. He sees the election resultsw as spurring additional business for his firm becauswe the consensus is there will behighef taxes. Frank H. Furman Jr., chairmabn of Frank H. Furman Insurance, said there is a great deal of concern and anticipatio of what will happen when the new administratioj takes office and remembers when JFK took officeand “I didn’t realize it was as bad as I said it Furman questions whether Obama will increase taxe s to fund promises made during the or if he will cut spending and focuz on stabilizing the economy, instead of going into trillionds of dollars more in which will have to be paid back by latef generations.
“If there is an anti-Joe the Plumbed socialist approach withincreasinfg taxes, it means businessezs will have to cut back overhead and employ less workers,” he Gene Berman, of in Fort Lauderdale, sees anxietyu driving a mass exit by commerciakl property owners now unde way. A number of his clients have said that they not only want to but sell this year in order to take advantage of the currentt capital gainstax rate.
He noteed many commercial property buyers inthe 2003-through-2005 boom periodf have holdings worth less than what they paid for “We advise them to hold for the next threw to five years, if they can,” he n Steve Templeton, CPA and president of Templetoh & Co., said his clients are very concernedx by the election results, and that may result in additional business for his firm as they seek “They fear higher taxes, increased government spendingb and greater regulation will seriously cut their personal incomes,” he said.
Friday, January 6, 2012
Siemens lays out plan for its Cary campus - Triangle Business Journal:
llrx-royce.blogspot.com
million in economic incentives from North Carolina and the town of The buildingsite plans, filefd March 13 with the Cary Planning Department, were filed a year aftetr company officials had been discussing plans to expand Siemens' Cary Triangle Business Journal reported Marcnh 8, 2007, that Siemens wanted to build a similarly sized building in which to consolidat and expand its local staff. Despite the early indications that Siemenws intended to growin Cary, the company submitted a formal proposap to the in early January 2008 indicating it wouldd be seeking state incentives.
Without state incentives, the compangy indicated, Siemens could move its existinhg Cary jobs and any new jobs createe for its training and service center tothe company' s headquarters campus in Malvern, Pa., potentiallty affecting almost 1,000 worker positions. In 2002, Pennsylvaniaz awarded a $7 million aid package to Siemends to relocate its headquartersfrom N.J., but a spokesman for the , Kevin Ortiz, says he is unawares of any recent incentives requests from Siemens Medical in Pennsylvania.
The companyt employs more than 5,200 peopld in Malvern, 678 people in Cary, and 9,00 others across the United Tom Schaffner, a spokesman for Siemens Medicakin Malvern, would not give any estimatew of what the company's cost would have been to relocate the Cary operationes to Pennsylvania, nor would he give any indication of how seriouslyu the company considered the option. "It's a moot point now ... since the deal is done with he says. North Carolinqa Secretary of Commerce Jim Fain estimatee ina Jan.
15 letter to Siemensz real estate director Jim Valade that Siemenzs could be eligiblefor $3,877,000 in Job Developmen t Investment Grant, or incentives, $855,000 in Article 3J corporate tax plus additional community collegde training assistance, employment recruitment and screenint services, and research and development tax credits. On Feb. 28, the state's Economic Investment Committee approved a JDIG valuedat $5.6 milliob after the company renegotiated the state persona l income withholding taxes derived from the new jobs from 60 percenft over the course of nine years to 65 percent over the coursse of 10 years.
As part of the JDIG grant agreement, Siemens is requireed to create 300 jobs in addition to its 678 existinb jobs in Cary andinvest $60 million in Cary within five The timer starts ticking in 2009. The average wage for the new positionsx is expected tobe $73,000 a not including benefits. "They are a big employet out here, and to my knowledge, they had not growjn in a leap likethis before," says Sandy vice president of economic development for the .
"It's a wonderfukl project with nice capital investment and 300 jobs with very nice Jordan says the townof Cary, whicg approved an additional $500,000 grangt to Siemens to expand the campus in will benefit from the additional revenue the company bringxs to the town when it brings in trainees and customerd from around the country. "They are stayingy in our hotels, eating in our restaurantsx ...
there's a lot of multipliers in effect," he
million in economic incentives from North Carolina and the town of The buildingsite plans, filefd March 13 with the Cary Planning Department, were filed a year aftetr company officials had been discussing plans to expand Siemens' Cary Triangle Business Journal reported Marcnh 8, 2007, that Siemens wanted to build a similarly sized building in which to consolidat and expand its local staff. Despite the early indications that Siemenws intended to growin Cary, the company submitted a formal proposap to the in early January 2008 indicating it wouldd be seeking state incentives.
Without state incentives, the compangy indicated, Siemens could move its existinhg Cary jobs and any new jobs createe for its training and service center tothe company' s headquarters campus in Malvern, Pa., potentiallty affecting almost 1,000 worker positions. In 2002, Pennsylvaniaz awarded a $7 million aid package to Siemends to relocate its headquartersfrom N.J., but a spokesman for the , Kevin Ortiz, says he is unawares of any recent incentives requests from Siemens Medical in Pennsylvania.
The companyt employs more than 5,200 peopld in Malvern, 678 people in Cary, and 9,00 others across the United Tom Schaffner, a spokesman for Siemens Medicakin Malvern, would not give any estimatew of what the company's cost would have been to relocate the Cary operationes to Pennsylvania, nor would he give any indication of how seriouslyu the company considered the option. "It's a moot point now ... since the deal is done with he says. North Carolinqa Secretary of Commerce Jim Fain estimatee ina Jan.
15 letter to Siemensz real estate director Jim Valade that Siemenzs could be eligiblefor $3,877,000 in Job Developmen t Investment Grant, or incentives, $855,000 in Article 3J corporate tax plus additional community collegde training assistance, employment recruitment and screenint services, and research and development tax credits. On Feb. 28, the state's Economic Investment Committee approved a JDIG valuedat $5.6 milliob after the company renegotiated the state persona l income withholding taxes derived from the new jobs from 60 percenft over the course of nine years to 65 percent over the coursse of 10 years.
As part of the JDIG grant agreement, Siemens is requireed to create 300 jobs in addition to its 678 existinb jobs in Cary andinvest $60 million in Cary within five The timer starts ticking in 2009. The average wage for the new positionsx is expected tobe $73,000 a not including benefits. "They are a big employet out here, and to my knowledge, they had not growjn in a leap likethis before," says Sandy vice president of economic development for the .
"It's a wonderfukl project with nice capital investment and 300 jobs with very nice Jordan says the townof Cary, whicg approved an additional $500,000 grangt to Siemens to expand the campus in will benefit from the additional revenue the company bringxs to the town when it brings in trainees and customerd from around the country. "They are stayingy in our hotels, eating in our restaurantsx ...
there's a lot of multipliers in effect," he
Wednesday, January 4, 2012
Baylor finalizing deal to manage Trinity - Dallas Business Journal:
mcfarlainofuqub1258.blogspot.com
Baylor and Metrocrest are in the throes of signinga 25-year operating lease to run the 237-be d Trinity hospital, with options to renew and that lease would also lead to the renamin of the hospital to at said Charles Heath, president of the Metrocresr Hospital Authority. The deal is expected to close in mid-June, he The hospital’s management will change hands to Baylor at that although Metrocrest and Baylor declined to discuss the termsof agreement.
Heatn said Baylor will pay a fee for the lease of the just as in any realestatw deal, although he declined to say how Metrocrest, a local governmental entity that serves the communities of North Dallas, Farmerds Branch, Carrollton, Coppell, Addison and The owns the hospitals but hirese outside health care managemeng companies to operate Metrocrest originally had selected Charlotte, N.C.-based to manage Trinity and its other hospital, the former . But the deal with HPA dissolve d in February 2008 when HPA filedc for bankruptcy for Chapter 11 bankruptcy which later shifted into aChaptee 7.
And before made been managing Trinity and the formefRHD Memorial, with a 25-year operatingt lease that ended in Augus 2007, when Metrocrest decided to not renew the leasde with Tenet. Tenet at one time had an ownership staked inboth hospitals, but no longer does — and it will not be involvef in either transaction, Heath said. A limitedc liability corporation consisting of a number of physiciajn partners and HPA has been managing Trinity since March Heath said, but Metrocrest has been lookint for a new hospital operator of its two hospitals for some In March, Metrocrest signed a temporary lease with to manag e the former RHD hospital, and also is the procesd of drawing up a 25-year operating lease with said Ira Korman, presidenr of IntraMed Health, a Dallas-based healtj care consulting company.
The operatinv lease would establish Baylor as the largesft owner in the limited liability corporation that would operatesthe hospital, purchasing HPA’s share in the hospital, Heatgh said. Baylor had been dealing with HPA’s bankruptcuy trustees to purchase HPA’s shares for months. Both movezs represent the possibility of strong expansion or growtj ofboth hospitals, whose fates had been stucj in limbo over the past couple of years due to uncertainty about HPA.
About two weekas ago, IntraMed announced its plan to renamde RHD Memorial Hospital to to reflecyt its desire to transform the hospital into a showcase of advanced medicaltechnology — and it planse to expand the facility with a 20,000-square-foot advanced surgical hospital that will be connected to the current 155-besd hospital. Whether Baylor plans on expandingg Trinity MedicalCenter — or how much changexs might come to hospital staffr — as a result of the changee in hospital management was a questiojn better left to Baylor to comment on, Heath But Metrocrest will work to accommodat e any expansion plans that Baylor might adopt.
Baylor spokeswoman Susan Hall confirmed that Baylor was in talksz with Metrocrest about signing an operating leas with TrinityMedical Center, but declineed to divulge any further Heath said that the securing of long-term hospital management for Trinity was somethiny Metrocrest had been looking forward to for some “The surrounding communites around Trinity will do nothing but gain,” he said.
“We’re looking forward to which has an reputation for operating taking over management ofthe hospital, and we think it’s a positive move for the hospital we own in Because of its location, Trinity’s distinct demographics mean that it will not be in directf competition with other hospitals in the area, said Nancyh Williams, president of the . Trinity is locatef in Castle Hills, a huge luxurg masterplanned subdivisionthat “includes shopping and the wholw nine yards,” she And it is in close strikint distance of older homes in northern Farmerx Branch, which makes it accessible for a number of nearby “It’s in a growing area, and it hasn’ t been really marketed,” Williams said.
And the hospitalo doesn’t yet have a strong community Nearby families tended to go out of their way to eithee Baylor Regional Medical Center at Planko or asa result. Trinity has been relatively unknowbn to the communitiesit serves, even though it was in a growt h mode, during Tenet’s tenure at its she said. That may be partly because although Tenet’s headquarters is in it doesn’t have a strong “mother main campus hospital inthe Metroplex, she Yet, Baylor has at Dallas as its main and its name is already backed by a strong reputationb in the community, she said.
Finally, having both Trinityg and RHD under separate leadership is a good business because “each hospital will have a chance to be recognized on theirt own, rather than as eithe identical twins — or stepsisters — as they have been treatexd in the past,” Williams said. “They are both very differenr organizations — from the types of physicianse they have and the demographics aroundthem — as well as what wouldr be the best strategy for growing each,” Williamx said.
Baylor and Metrocrest are in the throes of signinga 25-year operating lease to run the 237-be d Trinity hospital, with options to renew and that lease would also lead to the renamin of the hospital to at said Charles Heath, president of the Metrocresr Hospital Authority. The deal is expected to close in mid-June, he The hospital’s management will change hands to Baylor at that although Metrocrest and Baylor declined to discuss the termsof agreement.
Heatn said Baylor will pay a fee for the lease of the just as in any realestatw deal, although he declined to say how Metrocrest, a local governmental entity that serves the communities of North Dallas, Farmerds Branch, Carrollton, Coppell, Addison and The owns the hospitals but hirese outside health care managemeng companies to operate Metrocrest originally had selected Charlotte, N.C.-based to manage Trinity and its other hospital, the former . But the deal with HPA dissolve d in February 2008 when HPA filedc for bankruptcy for Chapter 11 bankruptcy which later shifted into aChaptee 7.
And before made been managing Trinity and the formefRHD Memorial, with a 25-year operatingt lease that ended in Augus 2007, when Metrocrest decided to not renew the leasde with Tenet. Tenet at one time had an ownership staked inboth hospitals, but no longer does — and it will not be involvef in either transaction, Heath said. A limitedc liability corporation consisting of a number of physiciajn partners and HPA has been managing Trinity since March Heath said, but Metrocrest has been lookint for a new hospital operator of its two hospitals for some In March, Metrocrest signed a temporary lease with to manag e the former RHD hospital, and also is the procesd of drawing up a 25-year operating lease with said Ira Korman, presidenr of IntraMed Health, a Dallas-based healtj care consulting company.
The operatinv lease would establish Baylor as the largesft owner in the limited liability corporation that would operatesthe hospital, purchasing HPA’s share in the hospital, Heatgh said. Baylor had been dealing with HPA’s bankruptcuy trustees to purchase HPA’s shares for months. Both movezs represent the possibility of strong expansion or growtj ofboth hospitals, whose fates had been stucj in limbo over the past couple of years due to uncertainty about HPA.
About two weekas ago, IntraMed announced its plan to renamde RHD Memorial Hospital to to reflecyt its desire to transform the hospital into a showcase of advanced medicaltechnology — and it planse to expand the facility with a 20,000-square-foot advanced surgical hospital that will be connected to the current 155-besd hospital. Whether Baylor plans on expandingg Trinity MedicalCenter — or how much changexs might come to hospital staffr — as a result of the changee in hospital management was a questiojn better left to Baylor to comment on, Heath But Metrocrest will work to accommodat e any expansion plans that Baylor might adopt.
Baylor spokeswoman Susan Hall confirmed that Baylor was in talksz with Metrocrest about signing an operating leas with TrinityMedical Center, but declineed to divulge any further Heath said that the securing of long-term hospital management for Trinity was somethiny Metrocrest had been looking forward to for some “The surrounding communites around Trinity will do nothing but gain,” he said.
“We’re looking forward to which has an reputation for operating taking over management ofthe hospital, and we think it’s a positive move for the hospital we own in Because of its location, Trinity’s distinct demographics mean that it will not be in directf competition with other hospitals in the area, said Nancyh Williams, president of the . Trinity is locatef in Castle Hills, a huge luxurg masterplanned subdivisionthat “includes shopping and the wholw nine yards,” she And it is in close strikint distance of older homes in northern Farmerx Branch, which makes it accessible for a number of nearby “It’s in a growing area, and it hasn’ t been really marketed,” Williams said.
And the hospitalo doesn’t yet have a strong community Nearby families tended to go out of their way to eithee Baylor Regional Medical Center at Planko or asa result. Trinity has been relatively unknowbn to the communitiesit serves, even though it was in a growt h mode, during Tenet’s tenure at its she said. That may be partly because although Tenet’s headquarters is in it doesn’t have a strong “mother main campus hospital inthe Metroplex, she Yet, Baylor has at Dallas as its main and its name is already backed by a strong reputationb in the community, she said.
Finally, having both Trinityg and RHD under separate leadership is a good business because “each hospital will have a chance to be recognized on theirt own, rather than as eithe identical twins — or stepsisters — as they have been treatexd in the past,” Williams said. “They are both very differenr organizations — from the types of physicianse they have and the demographics aroundthem — as well as what wouldr be the best strategy for growing each,” Williamx said.
Monday, January 2, 2012
J.G. Wentworth raises $100M - Kansas City Business Journal:
esyy23mozy.blogspot.com
The annuity and life-insurance policy purchaser had its reorganizatiomplan OK’d by a Delawarde bankruptcy court judge a week ago, after filinh for Chapter 11 protectiojn last month. As part of the deal, J.G. Wentworth’ds parent, private equity firm , investedf $100 million of new equitg to supportongoing operations. It also agreed to provide as muchas $35 millionn for the company to buy loans from lender in exchange for new preferred interests in the The company said Monday that it has substantiall reduced its debt load at the parent holding companyh level while gaining access to new J.G. Wentworth conducted business without interruptionb during the briefreorganization process.
The Bryn Mawr, Pa.-baserd company sought acceptance of its plan from its lenderz before what is called aprepackagesd filing. More than 90 percent of the term lenders approved, the company said. J.G. Wentworth said its decision to file for Chapte 11 came after an extensive revies of alternatives to address pressuresfrom “extremely challenging capital markets and high borrowinfg costs”, and was unanimously approves by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeee and closed its Las Vegas Foundedin 1991, it moved from Philadelphia to Bryn Mawr in 2003.
The annuity and life-insurance policy purchaser had its reorganizatiomplan OK’d by a Delawarde bankruptcy court judge a week ago, after filinh for Chapter 11 protectiojn last month. As part of the deal, J.G. Wentworth’ds parent, private equity firm , investedf $100 million of new equitg to supportongoing operations. It also agreed to provide as muchas $35 millionn for the company to buy loans from lender in exchange for new preferred interests in the The company said Monday that it has substantiall reduced its debt load at the parent holding companyh level while gaining access to new J.G. Wentworth conducted business without interruptionb during the briefreorganization process.
The Bryn Mawr, Pa.-baserd company sought acceptance of its plan from its lenderz before what is called aprepackagesd filing. More than 90 percent of the term lenders approved, the company said. J.G. Wentworth said its decision to file for Chapte 11 came after an extensive revies of alternatives to address pressuresfrom “extremely challenging capital markets and high borrowinfg costs”, and was unanimously approves by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeee and closed its Las Vegas Foundedin 1991, it moved from Philadelphia to Bryn Mawr in 2003.
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