Life sciences injects $75 billion in Texas economy - Minneapolis / St. Paul Business Journal:

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Collectively, life sciences generated a total annual economic impactof $75 billionm for the state. The industrhy attracted $179 million in venture capital in 2008 and drawssome $1.1 billiobn each year in research fundinfg from the National Institutes of In addition, more than 5,000 patents were assignee in Texas between 2003 and led mostly by the medical deviced and pharmaceutical sectors. In South Texas, which includes San the industryemployed 7,201 people in 2008 at an average wage of $56,000. Between 2003 and 2008, life sciencew jobs grew by 653 jobs, or by 10 percent. The South Texas region is supported by major employersz as andthe .
In the South Texazs region, the life sciences industry had a 2008 payrollof $462 This sector is expected to benefit from continueed state, federal and private sector investments including the and the Texazs Cancer Prevention and Research In 2005, the Texazs Legislature established the $200 million Emerging Technologh Fund to promote and finance innovationes in technology, including the life In 2007, Texas voters approved $3 billion in bond to support cancer research and prevention efforts. The stater has access to $300 million each year for the next decadse through the Texas Cancer Prevention andResearch Institute. The cancedr initiative alone is expected togrow Texas’ sharde of U.
S. research and development investment a full percentagw point from 7 percent to more than8 percent. This will translatw into another 40,000 direcgt and indirect jobs for Texas over thestudy found. “Texas’ life sciences are literally breathint new life into the Texas whilepioneering life-saving medical therapies,” says Tom Texas Healthcare and Bioscience Institute president and CEO. “In little more than a handful of years, the life sciences industry has rocketer into the Texas economic stratosphere. Today, with the continued supporr at the state and federal levels andventurew capital, the industry holds outstanding potential for even greatef job growth.
” Washington, D.C.-based LLC spearheade d the study — which shows that the life scienced industry is one of the state’sa most vibrant and growing sectorw in the state’s economy. “Thr Texas life sciences industry is one of the most dynamic and vibrant sectors ofthe state’se economy,” says Richard Seline, principal and CEO of New Economty Strategies. “From both an employment and competitiveness perspective, the industry continuex to make impressive gainsin Gov. Rick Perry’s announcement this week regardin ’s decision to open an office in Northwes t San Antonio also underscores the growtuh ofthis industry.
Medtronix Diabetes will create 1,400 jobs and generatse an estimated $75 million in annual economic impact for thelocapl economy. Minneapolis-based Medtronic is a global medicaldevice company. workw with government and industry leaders to recruit life sciencew companies within the state as well as promotethe industry. The full copy of Texaw Life Sciences Industry Profile can befound .

Toby Keith

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The restaurant — named for country singefr Toby Keith and his 2003hit single, “kI Love This Bar” — has signer a lease for 15,000 square feet at The Shoppee at West End, a lifestyled center scheduled to open later this year at the intersectiojn of Highway 100 and Interstate 394 in St. Louis I Love This Bar Grill will featurefamily dining, an 85-footr bar shaped like a guitar, a mechanicalo bull and a stage that will host live entertainmentt several nights a week, includinhg a performance by Keith at the restaurant’ws grand opening. The restaurant’s menu will feature Southern-style such as chicken-fried steak and meatloaf.
Some of the more uniquw offerings will include fried bologna sandwicheszand deep-fried Twinkies. It will feature traditiona l sports-bar decor with a country flair. Therse will be lots of wood and leather, plus more than 50 plasma televisions. I Love This Bar & Gril l will host live entertainmentevery Thursday, Friday and Saturday nightt when it first opens, then ramp up to six nighta a week over time. Ther e will be seating for morethan 1,000 The venue also will have a retail store selling Toby Keith barbecue sauce and spices. The restaurant will be owned by Arizona businessmanFrank Capri, who recently openex an I Love This Bar & Grill franchisse in Mesa, Ariz.
The chain also has locations in Las Oklahoma City and Kansas City, Mo., and plans to open a location in Auburbn Hills, Mich., later this year. I Love This Bar Grill should be a major entertainment attraction forWest End, helpinyg set it apart from other local said Mark Fallon, vice president of real estate at Cincinnati-basee Jeffrey R. Anderson Real Estate Inc., which was retaine d by developer DukeRealty Corp., based in Indianapolis, to fill the project’sz 331,000-square-foot retail component with tenants. “I thinlk it’s even going to draw from way outsidde of Minneapolisand St. Paul,” Fallon “That’s the idea behind it.
” Otherf major West End tenants will include anupscale Roundy’ grocery and a Kerasotes ShowPlace Theatre 14-screen movie complex. I Love This Bar & Grill shoulf be successful at West End becausew Minnesota is a strong market for countryy music andthere aren’t any significangt music venues in the western said Dick Grones, principal at Edina-based Cambridge Commercial “Live entertainment in the suburbs is reallgy hard to find. And that’s a strong ingredient to stir into the mix for the centerr because it brings an additional demographic that they might notget otherwise.
” I Love This Bar Grill selected West End over the , wher another celebrity-backed country music bar, Gatlin Brothers Music City Grille, used to have a Costs may have played a role in that but I Love This Bar & Grilk will generate more attention at West End than it would have at Mall of Grones said. “They can really stand out [at West End] and not have so many othe entertainment venues tocompete with.
”

Training to aid ABQ hospitality workers - The Business Review (Albany):

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If not, then the Albuquerque Convention and Visitorz Bureau wants tochange that. So it’s rollinb out an updated version of Albuquerque Concierge or ACE, training. The program was developed in partnershil with Central New Mexico Community College and the CNM WorkforcseTraining Center. The trainintg push kicks off June 24from 3:30 to 5:30 p.m. at the Hiltoh Albuquerque Hotel. Bob Murphy, executive directoer of the Economic Foruk and chairman of the Hospitality TraininyAdvisory Committee, will introduce the ACE programk and customer service expert Ann Rhoades will discussx the value of top-notch service. Rhoades developecd programs for , , P.F.
Chang’s, Doubletrede Hotels and Her talk will focus on making Albuquerque anoutstandinbg customer-oriented destination. Training for front-line employees was a key part of theDestinatioh Masterplan, created by the hospitality industry as a blueprint for developingy Albuquerque as a destination. Previous ACE traininh took place fouryears ago, said Tania Armenta, vice presidenft of tourism and communications at the Albuquerque Conventionn and Visitors Bureau. This time around, the training is as much abou t destination awareness ascustomer service, Armenta said.
The three-hour course will be offerexd once a month at different times and locations over the next Attendees will get a quick reference guide on Albuquerque to answef visitor questions and a pass that offers admissiohn to at least 17 different attractions so theyhave first-haned knowledge of what’s available. Albuquerque is in a competitives environment forluring travelers, Armenta said. “Ensuring that Albuquerque offeres top-notch customer service, along with destination knowledge, helps to differentiated us from other she added.
Elise Rogers, vice president of development with the said the course will outlinew three pillars of why people come to the Duke Artsand culture/heritage, outdoor recreation, and which takes place year round, not just duringg the . “We tell them that there are 23,00 hospitality industry jobs inthis area, we tell them how much visitora spend. We go into the importance of tourism,” Roger s said. More visitors meanz more money and better job securithyfor front-line workers, she added. The cost for the traininy is $25 per attendee. To register call CNM at 224-5200 and provide each participant’s name, birthy date and place of employment. More information is availablweat .

Charles R. Oglesby Executive Profile

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Mr. Oglesby joined Asbury in 2002 as Presidentf of the North Point Automotive Group of Little Rock and in 2004 assumed the additional responsibility of the Nalley Automotive Group in Atlanta. He began his career as an Oldsmobilr salesman and has held numerou s management and ownership level position s at dealerships throughout theUnited States. Priodr to joining North Point, he was president of the San Francisco-basedx First America Automotive, a 36-dealership group. Dealerships under Mr.
Oglesby'sd management have earned some of thehighestg manufacturer's awards including Elite of Toyota President's and Board of Governor's Honda President's Awards, Chrysler Five Star, and many He has served the automotive industry in a numberf of capacities including leadership roles on several Regional, and National Dealer Councils and Ad Mr. Oglesby is a native of Georgia and is a graduate of the University of Georgia with a BBAin Marketing. Recent News Abouf Charles R.
Oglesby **All Executive profile data provided byDow

Training to aid ABQ hospitality workers - Business First of Louisville:

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If not, then the Albuquerque Conventio and Visitors Bureau wants tochange that. So it’d rolling out an updated version of AlbuquerqueConcierge Excellence, or ACE, The program was developed in partnershil with Central New Mexico Communit y College and the CNM Workforce Training Center. The trainintg push kicks off June 24from 3:30 to 5:30 p.m. at the Hiltomn Albuquerque Hotel. Bob Murphy, executive director of the Economic Forum and chairman of the Hospitalityt TrainingAdvisory Committee, will introduce the ACE program and customed service expert Ann Rhoades will discusd the value of top-notch service. Rhoades developed program s for , , P.F.
Chang’s, Doubletre Hotels and Her talk will focus on makinfg Albuquerque anoutstanding customer-oriente destination. Training for front-line employees was a key part of theDestinationh Masterplan, created by the hospitalitt industry as a blueprint for developing Albuquerquwe as a destination. Previous ACE trainin took place fouryears ago, said Taniaz Armenta, vice president of tourism and communicationse at the Albuquerque Convention and Visitors Bureau. This time the training is as much about destination awareness ascustomer service, Armenta said. The three-hour course will be offerexd once a month at different timesw and locations over thenext year.
Attendees will get a quicko reference guide on Albuquerque to answe r visitor questions and a pass that offers admissio n to at least 17 different attractionss so theyhave first-hand knowledge of what’es available. Albuquerque is in a competitivre environment for luring Armenta said. “Ensuring that Albuquerque offers top-notch customer along with destination knowledge, helps to differentiate us fromotherd destinations,” she added. Elise Rogers, vice president of development withthe ACVB, said the coursed will outline three pillarxs of why people come to the Duke City: Arts and outdoor recreation, and ballooning, which takea place year round, not just durinhg the .
“We tell them that therd are 23,000 hospitality industry jobs inthis area, we tell them how much visitor s spend. We go into the importance of tourism,” Roger s said. More visitors means more moneh and better job securityfor front-line workers, she added. The cost for the trainingf is $25 per attendee. To register call CNM at 224-5200 and provide each participant’s name, birth date and placw of employment. More information is available at .

Business groups slam proposed tax increases - San Antonio Business Journal:

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The said it opposes changes to the corporatedminimum tax, a new corporate incomer tax and a new personal income tax. The allianc e consists of 30 business groups that represent morethan 25,009 Oregon businesses and employ 500,000 Raising the taxes could cause the stater to lose 6,000 according to state revenue office estimates. “Thesed proposals ignore the stark realitieds of ourcurrent recession,” the group said in a news releaser sent by J.L. Wilson, a lobbyist with Associated Oregon Industries.
“They are counterproductive measure s that kill jobs and prolong our The corporate minimum tax and corporatd income tax proposals would collectively harm companies with small profit margin s as well as businesses looking to invest more in capital thegroup said. The alliance called on lawmakers to insteaed focuson private-sector job retention and creation. “We believes strongly that increased taxes are detrimental to job Wilson said in thenews release. “An increaseed tax burden will hurt the abilithy of our members to create desperately needed It is the wrong approac to balancethe state’s budget.
” Other groups signingh the letter include Associated Oregoh Loggers, Independent Community Banks of Oregon, the Northwest Food Processors Association, Oregon Associatioh of Realtors, the Oregon Automobile Dealerzs Association, the Oregon Bankers Association, the Oregoh Home Builders Association, the Oregob Restaurant Association and the Oregon Truckin g Association. Oregon’s House and Senatde members hope to adjourn byJuly 1. Lawmakersd must address a $4.
2 billion budget shortfalkl before they adjourn or in a series of speciao sessions throughout the rest ofthe

Statoil OKd for North Sea gas work - UPI.com

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Statoil OKd for North Sea gas work UPI.com STAVANGER, Norway, June 10 (UPI) -- The Norwegian Parliament approved a plan to develop the Valemon gas and condensate field in the North Sea, Norwegian energy company Statoil said. Gas from the Valemon field would flow through an existing pipeline ... and more »

Most Florida banks swoon; three provide model for growth - The Business Journal of Milwaukee:

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USAmeriBank went from red to black ink by signing talentes bankers who brought customerswith them. Acquisitions boostes the bottom line at CenterState Bankof Florida. A merger of related financial institutions cut expensezsat , while a strongefr balance sheet grew income. Each bank prospered by using different yet their strategies provide a road map for institutions struggling to turn theifr balancesheets positive. Their profiyt gains are all the more remarkabl given the difficult economic climatein Florida. The said 305 banke and thrifts in Floridsa reported a combined net lossof $643 million for the 2009 firs quarter, compared to net income of $4 milliomn for the year-ago period.
Profitability remains weak becausr banks continue to struggle withbad loans, said Paula Johannsen, managingb director of , an investment bankinv firm in Tampa. Nonperforming assets don’t brin g in interest income, pressuring margins. The provisionzs banks take for expected loan lossese cut further into their incomd while the legal and management expense relatedx to foreclosed propertygoes up. USAmeriBank which has amassed $650. 8 million in assets in its twoyearxs — has a clean balance sheet, said Joe Chillura, CEO. The bank avoiderd development lending and the loans it does have that are secured by real estatde arefor owner-occupied properties, Chillurs said.
Only $598,000 in USAmeriBank loans, or abouy one-tenth of 1 percent of the total $528.3 milliojn in loans, were past due as of Marcn 31, according to a report filed withthe . Chillura, a forme r Tampa market presidentfor (NYSE: ), said the bankeres he’s hired have brought their a move that was possible becausre bigger banks are distracted by bad loanss and shrinking capital and aren’t focusedc on customer service. That’s allowed USAmeriBank to grow more quickly than Chillura said, and post a significant turnaround, going from a $185,000 loss in the first quarter of 2008 to $881,000 in profit in the just-endeed quarter. CenterState saw first quarter 2009 profit swellto $1.
2 up 68 percent in one year, after two said John Corbett, president and CEO. The Wintee Haven-based lead banking subsidiary of (Nasdaq: CSFL) added a correspondentr banking unit last fall when it hiredx the bankers who handled that businessd for theformer . The unit sells bondsx to roughly 200 other community and it is thriving because communitybanks aren’t doing as much lendinv as they were a year ago and are investing thei cash in bonds. CenterState also bought the failedand $178 millio n in deposits on Jan. 30. “We’vse been putting that money to work in loandsand investments, and that’s helpex us grow,” Corbett said.
Aggressive planninf that began around the end of the firstr quarter of 2008 kept Floridaq Bank on thegrowth track, said Katie Pemble, president and CEO. Floridas Bank’s $351,000 in net income for the first quarter of 2009 was a 73 percenyt increase from a year Since December, the Tampa-based bank has merged with thre sister institutions in Jacksonville and Tallahassee, consolidating back-officre operations and cutting expenses.
Each of the banks was abovde the level regulatorsconsidered well-capitalized, and their capital position was further strengthened when they Additionally, executive officers and the boarcd developed a series of 90-day plansd focused on strengthening the balance sheet with an emphasis on capitao and on liquidity, or the abilituy to turn its assets into cash A strong balance sheet allowed Florida Bank to look for the leasr expensive way to attract funding, a move that boostz net interest margin, or the sprea between the interest it pays on deposits and the interesf it earns from loans.
Although ther e are glimmers of hope, CenterState’s Corbety expects more loan writedowns across the industryg in the next two to three The number of institutions on the watch list increasee in the first threr monthsof 2009, and as of March 31, 30 percenf of Florida’s banks were on the compared to 15 percent of the institutionsz a year ago. Access to the capitaol market marketsis critical, Corbett said, addinhg the stress tests the nation’s biggestt banks just underwent have inspired investor confidencde in those institutions.
Sincw results were released May 7, the bankas collectively have raisednearly $60 billion of the $75 billiojn in extra capital regulators said they “As investments come back into the big banks, I thinjk over time you’ll see that trickle down to the mid cap and communitty banks,” Corbett said.

Eddie Bauer files Chapter 11 - Business First of Columbus:

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The retailer said it has strucka $202 million assetr purchase agreement with an affiliate of of New That deal is subject to an auctionm and bankruptcy court approval. In its bankruptcty court filing, the Seattle-based company listecd assets of $476 million and debtd of $427 million. Eddie Bauer runs a dozen stores in including three in Central It also operatesa 2.2 million-square-foot distribution center in Groveport. The companty this year cut 70 jobs at the shipping center, which employed about 500 workers before the staf reduction. CCMP said it intends to keep most ofthe company’s 370 storex and other operations open.
Eddie Bauer has struggled with its debt a crisis that worsened when revenue dropped as the recessioj took its tollon consumers. The company lost nearlty $500 million in the past three Those losses, coupled with the effecgt of the recession and debt payments pushed the company into bankruptcyy court – a move that had been rumoreed for months. The company lost $165.5 million on $1.0w billion in revenue last year. Eddie Bauer is no stranger to bankruptcy. Six years ago, Spiegel which had owned the company since filed forbankruptcy protection. And as part of the the company famous forits women’s wear catalog gave creditors its stakee in Eddie Bauer.
The company in 2005 emerger as a standalone businesse for the first time in more than 30 years and carrieca $300 million senior secured term loan and the task of rebuildingf a brand. Company executives have said the debt terms from the Spiege l bankruptcy case have continued to hamper effortz to turn aroundEddied Bauer.

Sony Bravia Local-Dimming LED LCD TVs Will Use Dolby's HDR Technology - HDTV Test

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HDTV Test

Sony Bravia Local-Dimming LED LCD TVs Will Use Dolby's HDR Technology HDTV Test Entertainment technology firm Dolby Laboratories announced this week that Sony Corporation has licensed its local-dimming high dynamic range (HDR) image display patents, which will be deployed on ...

D.C. narrows list of developers for Stevens Elementary School - Jacksonville Business Journal:

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Neil Albert, the former deputy mayo for planning and economic development and new city announced Monday that his staff had eliminated six of the nineoriginak bidders. A team made up of Chicago-bassedx and the , based in D.C. Moddie Turauy Company LLC, based in D.C. and founded by formert Mayor Anthony Williams' special assistant Moddie Turray. Opus East was originally liste as a Turray partner by thedeputyy mayor's office but is not included in its list of finalists. A partnershiop led by Peebles Development LLC, a likelyu outgrowth of the Peebles Corp., a Corakl Gables, Fla.-based firm led by D.C. nativ R. Donahue Peebles. Peebles is teame with the Walker Group.
According to a press releas e from Albert, the finalists' proposals offer "variousx combinations of new housing, office space, hotelse and neighborhood-serving retail." Amony those eliminated are teams led by Cafritz Interests and the Capitol Hill Business Improvement which proposed using the site to train and houserhomeless adults. The finalists will present their planw at a community meetingJune 11, the day after a planne d community meeting for final developers interestecd in Hine Jr. High School to present.
who began as city administratorthis week, announced in Apripl the city had received bids for all 11 vacang schools the city has put on the

Learning to Read on Zero Dollars a Day - New York Times

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New York Times

Learning to Read on Zero Dollars a Day New York Times Anthony Doerr is the author, most recently, of the short story collection “Memory Wall.” A version of this op-ed appeared in print on June 5, 2011, on page WK10 of the New York edition with the headline: Learning to Read on Zero Dollars a Day. ! and more »

Super 8 Early Reviews: 'genuinely frightening, not perfect, mindblowing ... - Indie Wire (blog)

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Indie Wire (blog)

Super 8 Early Reviews: 'genuinely frightening, not perfect, mindblowing ... Indie Wire (blog) Fanning and Courtney shine in the leads…the slow roll-out of Abrams' CGI creation builds in edge-of-your-seat suspense to a genuinely frightening reveal, when we see full on what the town is up against. And while yes, a CGI creation it definitively is ... and more »