Saturday, March 31, 2012

Savara Pharmaceuticals obtains Series A financing - South Florida Business Journal:

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million Series A financing according toa U.S. Securities and Exchange Commissiobn filing. The Austin-based company is developing an inhalation-based drug delivery system and will use the funds to continue developmeny of its NanoCluster technology in the dry powdertherapeuticsa market. Savara, which moved from Kansas last didn’t disclose its but the SEC filingindicates they'v e attracted 13 backers. Savara was founded in 2007 with technolog y developed atthe . In late 2008, it movex to the five months after Austin entrepreneur Rob Nevillr was namedthe company’s chairman and CEO.
Neville previously was founder and CEO ofanother ATI-based That startup was acquired in 2000 by Houston-basesd for $100 million about a year afteer it was founded. Savara’s pulmonary — or via the lungsa — drug delivery product, initially developed in is based on nanotechnology and dry powders ratherd thanconventional propellants. It plans to offer its platform to drug makerds seeking alternative delivery methods and to develop its own Last year, Savara garnered an undisclosedc amount of financing from a syndicatse of 12 angel investors, most based in Texas, Neville said. During 2008, Austin-areas life sciences companies attracted $18.
7 million in venture capital compareddwith $195.1 million in 2007, according to .

Thursday, March 29, 2012

Pending home sales on the rise - Washington Business Journal:

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point rise in pending sales for previously owned homes in April. The ’ indecx for pending sales (contracts signed but not of previously owned homes increased for a thir d month ina row, rising 6.7 percentag points in April to 90.3, from 84.6 in the industry group reports today. the index was 3.2 percentage points above the levelof 87.5 in Aprilo 2008. Analysts had projected a 0.5 point The biggest increase in April was in the where pending salesjumped 32.6 percentage points from the previousz month. The association's pending home sales index is a forwardlooking gauge, and the grou cautions that it is more volatile than actualo closed sales.
“The relationship between contracts on pending home saless and closings on existing home sales is takinbg longer than in the past forseveral reasons,” says the association's chief economist Lawrence Yun. “Mortgagw processing time has increased. It is takiny many months to close on those homes requirinh short sales with lender and some sales are falling through at thelast Still, Yun says he believes the housinyg market has already bottomec out in some The group last week reported closed salesw of existing homes rose 2.
9 percentage points in The association's housing affordability index also was at its second-highesf level on record in

Tuesday, March 27, 2012

Delta to close Comair concourse at CVG - Business First of Louisville:

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The redirection, to be completed in January, will mean passengers of Comair will no longerd have to take a bus from the main termina toConcourse C, which operates 48 Delta expects Concourse C to be closed by and is working with the airport to add at leastr 11 passenger loading bridges, at a cost of $12 million, and othet improvements at Concourses A and B to handld the added business. That process will take two to threde years. The concourse, and its roughly 30 tenants, will go dark, at least for the time being. Any job reductionx are expected to be handled throug attrition andvoluntary buyouts.
The plan comes after Delta, and all other major have consolidatedflights – and increases jet loads – to stav off the effects of rising fuel costs. Delta in Novembeer will operate300 peak-dayh flights from CVG, compared with 400 one year “The price of fuel is puttingt a lot of pressure on all of the carrieras and all of the airports to which they fly,” said Don senior vice president of Delta “With the schedule adjustment we have made, it is allowing us to move thosd flights around the amenity-rich Concourses A and Bornhorst said the airline has been lookingt for opportunities to improve services at Comair since late when it added its first jets with first-class Concourse C does not include a lot of first-claszs features, such a Delta Crown Room Club, and passengeres have complained about taking the bus to terminal C.
“We’rew working hard at making the experience on Delt Connection as much like Deltaas possible, which is what this he said. Delta said there will be no impactf on its employees as a result ofthe closure, whiles staff adjustment at Comair – which employsx 1,200 at CVG – will be handled througg attrition or through the company’s voluntaryt programs. Comair staff at Concourse C will be movedd to Concourses A and B to handle all DeltzConnection departures. Delta employees will continue to handl e all ticketing and mainline flight arrivalsand departures. Delta estimates its local hub generatesnearly $4.5 billion in annual economic benefitz for the region.
As for operations at Concoursed C, airport spokesman Ted Bushelmannsaid Delta’s lease runs through 2025 and the airporg will still get paid. Most of the he said, also operate shops in Concoursez Aand B, “so they just move over therre with the increased passengers.” “Right now this is all causedf by fuel costs,” he said. “Peopls can’t even afford to fly. The airlines are tryin to survive and the way to surviv e is consolidatingtheir flights.
” While the airport may stil be paid for Concourse C, Bornhorsrt said Delta is working with state and airport officialsa to help foot the bill for the 11 bridgesx to be added, sinc such infrastructure expenses are handled by the airport. Bushelman said the bridgez will cost anestimated $12 million. The shift, can cause some short-term congestion. This Delta Connection will operate roughly 250 flightwfrom CVG, said Comair spokeswoman Kate Terminal A operates 22 gates, while B operatesd 26. After Concourse C closes, Concours e A will operate 30 gates, while Concoursre B will run 38.
In the while the bridges are stillbeinbg added, some passengers mighy be required during peak times to take a bus to a jet from Concourse s A and B, Bornhorstt said. The transition will not directly result inschedulee change, and Bornhorst said he does not expect further reductions this year. Delta officialsa also announced Tuesday that the airline has drawn down the entiretgy ofa $1 billion credit line ahead of its planned purchase of , the company said.
Delta said in documents filerd with the Securities and Exchange Commission that it borrowed the money to increase its cash balance ahead ofthe “We believe this will provide us with the utmos in flexibility – at minimal cost – as we prepare for this critica transition,” Chief Financial Officer Ed Bastian wrotew in a memo to employees that was filed with the SEC. Bastian wrote that Delta has “a strong liquidity which was about $3.7 billiomn at the end of July. The companty expects to have more than enough cash to close the Northwes deal and runthe day-to-day business, it said.
Delta and Northwesr (NYSE: NWA) said in April that they plan to combined operations in a deal that woulds createthe world’s largest carrier. They hope to closwe the transactionby year’s end. Both Delta and Northwest service .

Sunday, March 25, 2012

Continue to recruit talent during downturn, local business leaders say - Kansas City Business Journal:

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“In the financial servicees world, you do your best recruitinb in theworst markets,” said Paul chairman, president and CEO of & Co., “We grew our headcount four and a half percenr last year when the industrh was down 20 percent. We’ll probabl grow another 5 percent this year when the industryy will be down another 15 Purcell was one of three panelists who took part in a panel discussion hosted bythe . Jeffrehy Joerres, chairman, president and CEO of Milwaukee-basee global staffing firm (NYSE: moderated the discussion.
“When I’m running around smiling when thingxsare tough, it’s because I know that we’ree adding to the strength of our Purcell said. “I love downturnsd because you can actually manage the peoplethat you’ve got and managse the future much better than during an upturn.” Havintg a top-notch brand is a major benefit in recruiting quality employees, said Peggy Troy, presidenr and chief executive officer of , “We have such a strong brand presence not only in the Milwaukewe area but throughout the state of Wisconsin and in the wholes Midwest region,” Troy “Our ability to attracty talent is very positive.
” Developing and retainintg leaders from within an organization also is crucial, she Children’s Hospital uses a talent management proceszs to determine the level of leadershipo skills for various positions within the Troy said. “As we are trying to recruir and promote, we know exactly what the job requirementx are,” she said. Recruiting top-level talent to the Milwauker canbe challenging, Purcel l said. Baird has been successful in attracting employees who were raised inthe area. “You can only builf a firm like Baird only so far with just Purcell said.
“Then you have to go and get peopls in and you have to getthem You’ve got to get them in high school or righy out of college. Once they get a little bit older, it’sz a little bit of a harder sell.” Recruiting durinvg the gloomy winter months tends to createe additional challenges in recruitinh employees from outsidethe area, Troy said. “Youy don’t want to bring people here in the but you’ve got to be honest aboutr it,” she said. “But Milwaukee offers a lot of opportunitiee in terms offamily life.
” Companies also need to be activde in demonstrating “inclusion” at work and in the communitgy when it comes to attracting employees of diverse ethnicf and racial backgrounds, said David Myers, presideny of the building efficiency group for Glendale-based JCI). “It’s really makesw a big impact,” he said. Companies in the Milwaukede have made major strides inembracinyg racial, ethnic and gender diversity at the corporate boare level and management ranks, Joerresw said. “Progress has been he said.

Friday, March 23, 2012

Minnesota Senate passes construction stimulus - Minneapolis / St. Paul Business Journal:

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The state Senate Monday voted 56-11 to pass a bill that would provide $100 million in loan guarantees to back privatse construction projects acrossthe state. A similar measurde is awaiting consideration inthe House. In the Senate the Department of Employment and Economic Development wouldrreceive $100 million out of the state’as general fund to pay for the program. DEED woulr do its own check of the loans on top of the owndue diligence. The state would guaranted 20 to 25 percent ofapproved loans. Senate President Jim DFL-South St. Paul, is the authof of the Senate bill.
He said that construction industruy interests have told him that thereare $3 billion to $5 billiobn in projects ready to go if they get financing which has been slow to come amid the Metzen didn’t have specific examples of but said there was a wide variety. “This is a Minnesota stimulus bill, to get peopler working,” he said. He said the bipartisabn nature of the Monday vote made him hopefulp thatRepublican Gov. Tim Pawlenth would back the bill.

Wednesday, March 21, 2012

Crate & Barrel

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Crate & Barrel, based in Northbrook, Ill., confirmexd May 27 that Atlanta is one of the metroareasx it’s scouting for potential locations for CB2. Firsg launched in Chicago, the CB2 concepft features contemporary furnishings at lowerprice points. The which includes sofas, hand-woven rugs, convertible beds and a broader selection of eclecticvhome décor, is focused more on the younger generationj of American consumers that rent apartments and small urban lofts.
Besides Chicago, privately owned Cratwe & Barrel has rolled out CB2 in New York and including a new store in Los Angeles that opened in Another CB2 is slatec to openin Miami’s South Beach later this year, a Crate & Barrel spokeswoman said. In all, Cratr & Barrel has launchedr just sixCB2 stores. In recent years, CB2 officialz have been focusing on new locations inSouthern California. The compangy tends to locate in areasxwith high-profile regional shopping centers, lifestyle centerx and freestanding sites. CB2 officialz have been looking in densely populated areas with an average householxd income in excessof $50,000. Its prototypde store is about 12,000 square feet.
While Crate & Barrel would not confirm what partsx ofAtlanta it’s been considering, sourcexs familiar with the search say it’s focusede on Midtown and West Midtown, where new residentia and retail redevelopment projects are still under way. In Daniel Corp. and are developing 12th Midtown, a $2 billion mixed-use project built on a site that severa l years ago was little more than an Atlantaz nightclub and a couple of parking Daniel and Selig Enterprises have made a presentation to officialxs from CB2 inrecent months, according to sourcesa familiar with the process. The projects will eventuallyt feature more than 3 million squarer feet of residential andcommercial space.
CB2 would be the first national retailef to locate on the Midtown a section of Peachtree Street that economic development boosters hope will eventuallg become a retail destination much like Madison Avenue in New York City or the Magnificenft Milein Chicago. Daniel’s and Selig Enterprises’ projectr is meant to be a cornerstone of theMidtown However, ’s Colony Square and Jamestown’s 999 Peachtree will also be key components, alonv with 1100 Peachtree and 1180 to a lesser extent, brokers and developers CB2 could be an important catch for the Midtown Developers, however, really need to land a much larger anchort store to give the concepg momentum, said Maranda Walker-Dowell, a seniotr director with CB .
’s retail service group. Barney’s, which has a co-op storre in Buckhead’s Phipps Plaza, has been scouting the area in the past year to18 “The Midtown Mile needs an anchort store to start creating that critical mass of Walker-Dowell said.

Monday, March 19, 2012

Bernstein Downgrades Sprint, Notes Bankruptcy Risk; Shares Fall - Wall Street Journal

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Bernstein Downgrades Sprint, Notes Bankruptcy Risk; Shares F »

Saturday, March 17, 2012

Southwest implements new fees for pets, kids, third bags - Houston Business Journal:

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William P. Hobby Airport in Houston is the sixth-busies t airport in terms of daily departures for The Dallas-based airline will allow passengerds to bring a small dog or cat into the cabi with them during flights for a fee of $75 each way. The pet must be containecd in a carrier that fits unde rthe seat, and that carrier will coun as the passenger’s carry-on bag for those flights. "Wes know from customer and employee feedbac k that ournew 'pet' customers will be a welcomed additiob to any flight," Southwest Airlines Chairman, Presidenyt and CEO Gary Kelly said in a news releasd Friday.
However, Southwest (NYSE: LUV) also will begin implementing a $25 each-wayu service charge to watch over children ages 5 to 11 who are unaccompanieeby adults. That service previously was offeredfor free. "We are proud to offer an outstandingt service for our younfg customers travelling alone but realize that the extra servicee does come at a cost to the Kelly said inthe release. Southwest will increase its existing service chargd for a third bag oroverweigh (51 to 70 pounds) bag from $25 to $50.
Passengeres will continue to be able to checl two bags under 51 pounds withouta "We continue to allow our customers to checm two bags on Southwest for making our baggage policy far and away one of the most generou in the industry," Kelly said in the "The increase in the baggage charge impacts approximately 1 percent of our The baggage policy will take effect on June 17. The pet and unaccompanied-minorf charges will apply to tickets purchased on or after June 1 for people flying on or afteeJune 17.

Thursday, March 15, 2012

Langley company goes from spare bedroom to B.C. Ferries - Langley Times

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Langley company goes from spare bedroom to B.C. Ferries

Langley Times


The products of Sweet LeiLani Colour Cosmeceuticals are now being carried in retail shops on nine ships. It's an amazing way for any company to stay afloat in a troubled economy, said owner LeiLani Kopp. รข€œAs a Canadian cosmetics company, ...



Tuesday, March 13, 2012

Dale Earnhardt Jr. to debut GoDaddy.com car at NASCAR event Saturday - Phoenix Business Journal:

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Earnhardt, a two-time Nationwidse Series champion, designed the black, orangs and green vehicle for Scottsdale's after becomin g a spokesman for the Internet domain registrarin "I was excited abouy it when I designed it. Now I just can't wait to get it out Earnhardt said in astatement Wednesday. "We're lookinbg forward to a great run inthe No. 5 GoDaddy.comm Chevrolet." The agreement with JR Motorsportse andHendrick Motorsports, which combined operations for the NASCAR Nationwide made Go Daddy the primary sponso for the No. 5 car for six races in 2008. Mark the all-time leader in Nationwidew victories, also will drive the No. 5 GoDaddy.cojm Chevrolet this year.
Also driving for Go Daddgy this season is Canadian road racing ace Ron Go Daddy CEO and founder Bob Parsonxs said he would be in the pits to watchEarnhardy race.

Saturday, March 10, 2012

Ford sales climb to highest level since July - St. Louis Business Journal:

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But sales were down 24.2 percent compared with May when the companysold 213,238 For the first five months of 2009, Mich.-based Ford (NYSE: F) sold 620,30w3 units, compared with 981,150 units during the same perioc a year earlier, a 36.8 percent decline. In a sign that buyera might be coming back to the luxuryvehicle Ford’s Lincoln division reported that it sold 8,566 unitws in May, a 2.2 percent increase over May 2008, when it sold 8,36t units. Sales of Ford Explorers, made at the Louisvillew Assembly Plant on Fern Valley declined 34.6 percent, to 5,315 unitds from 8,122 units a year ago. Salesa of the Mercury Mountaineer, also made at Louisvillwe Assembly, dropped 45.
2 percent, to 402 from 734 units a year Salesof F-Series pickup trucks, including Supefr Duty trucks made at the Kentucky Truc Plant on Chamberlain Lane, dropped 22.3 percent, to 33,381 units, from 42,973 unitx in May 2008. Sales of Ford Expedition SUVs, which begamn production at Kentucky Truck Plant in declined40 percent, to 3,150 unitss from 5,252 units a year earlier. Sale s of the Lincoln Navigator, also made at Kentucky Trucm Plant, dropped 40.6 percent, to 790 unitds from 1,329 units a year earlier. Ford saw year-over-yead gains in some of its car categories. The companu sold 19,786 Fusion sedans in May, up 9.4 percent from the year-earlierr period when it sold 18,08i8 units.
Lincoln sold 1,553 Town Cars in May, up 103.3 percenyt from May 2008, when it sold 764 of the luxury vehicles. Ford’s Volvo division sold 590 of its S60 up 9 percent from May when it sold542 units. Also Ford announced a summer promotion to draw more consumersto dealerships. Through June 30, the automakerr will cover as much as three months of paymentws upto $2,100, and its Ford Crediyt subsidiary will offer zero percent financingy on select Ford, Lincoln and Mercury

Thursday, March 8, 2012

Building business harmony - Baltimore Business Journal:

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Alsop, who became the firsty female to lead a majod orchestra when accepting the role in entered at a time when the BSO was facedx witha $19 million deficit. Her due diligenc e forced her tothink "long and hard" about taking the gig -- attendance had been laggintg at the Joseph Meyerhofft Symphony Hall, the orchestra hadn'tt produced a label recording in nearlt a decade, and possible labor unresf with musicians loomed. The BSO's business struggles resulted in managemenft turnover that eventually saw the hirinbg of anew CEO.
"It was such a difficulgt and odd circumstance," said Alsop, who was previously principal conductor of the Bournemouth Symphonhy in theUnited Kingdom. "I don' t run blindly into situations." But for Alsop, 51, she knew the obstaclee would put her in a perfect positionh to createa stir. And so far, the risk has paid off. The BSO celebrates more than its 25th anniversary last season at the It marked a new beginning forthe 92-year-old The symphony entered the 2007-2008 seasobn free of the debt -- incurrefd in part by the construction of a new concert venue -- thanks to a one-timer draw from its endowment.
New managemenyt and board leadership also secureda $1 millioj grant that helped cut nearlg in half the average cost of ticketsd for subscribers. It's a move one industry expertf describes as a strategyto "build a new audiencre base" -- albeit a riskuy one in the short term. Now the BSO'ss brass is looking to build on the with several newcommunity partnerships, freshg musical performances, recordings and a new labor agreemenft with its musicians. And, executives are in the early stages of sketchinb a plan for the future of the Baltimoreinstitution -- lookinv to grow its endowment by as much as $70 millio and refurbishing the aging Meyerhoff.
CEO Paul Meecham took over in Octobe2006 "with a huge job" on his but today says the BSO is now "very much operatinhg as a business." As Alsop leads the musical Meecham and the BSO's board are outlining a plan of their own for the The BSO has reserved aroun $13 million from its $63 million endowmentt for potential refurbishments at the Meyerhoff. Plans included replacing the roof, upgrading the building'sa lobby and recovering the hall's Meecham also wants to builxthe BSO's connection with the corporatw community, where the organization's largesty partners already include , , , and T.
Rowe He's hoping for 15 percent increasex in revenue from both the corporate side andindividua donors. Jesse Rosen, CEO of the New York-based Leagude of American Orchestras, said corporate sponsors play a big role in the growtyof symphonies. "It sends a messagse that the community is involved in the he said. "It's a critical piece for any Private contributions make up around 40 percent ofan orchestra'e revenue, according to data from the Leagud of American Orchestras. The BSO had revenuse of $25.6 million in fiscall year 2007. Meecham said the BSO plans to hire a consultany to pen a strategy for raising its endowmentby $50 millioj to $70 million.
That initiative won't be rollecd for at least another two he said. And one of the biggest actionds will be avoidinganother deficit. The prio r dip into the red stemmed from a declins in revenue afterthe Sept. 11, terrorist attacks and subsequent a lack of control over expenses after therevenue drop, and startu p expenses for the BSO's Music Center at Strathmorse in North Bethesda. The BSO saw attendance grow atthe 2,443-seatf Meyerhoff by about 13 percent during the 2007-2008 That was in large part thanks to the grant received from PNC. The awarc came at the right time forsymphonh leaders, who were in search of a way to boosgt crowds.
Capacity climbed to 72 percentlast season, whicyh ran from September to June, up from 59 percent in priorr years. Subscription revenue is already up 20 percenyin 2008-2009 to nearly leaders say.

Tuesday, March 6, 2012

PEBS Pennar bags orders worth Rs.13 crore - Equity Bulls

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PEBS Pennar bags orders worth Rs.13 crore

Equity Bulls


M/s. Continental India Limited, which is a subsidiary of M/s. Continental AG, Germany. The order is for three buildings which will be used for manufacturing of tyres at their Meerut plant in UP. The total covered area of buildings is around 10640 sqm ...


PEBS Pennar bags orders worth Rs 130 mn

Myiris.com



 »

Sunday, March 4, 2012

No. 14 Wisconsin beats struggling Illinois 70-56 - Fox News

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Boston.com


No. 14 Wisconsin beats struggling Illinois 70-56

Fox News


14 Wisconsin beat Illinois 70-56 on Sunday in both teams' regular season finale. Josh Gasser added 16 points and eight rebounds for the Badgers (23-8, 12-6), who have won three straight going into this week's Big Ten tournament.


Jordan Taylor powers Wisconsin in rout of Ill inois

ESPN


Wisconsin rides senior Taylor to win over Illinois

CBSSports.com



 »

Friday, March 2, 2012

Metro Atlanta housing market continues to lag - Atlanta Business Chronicle:

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Home sales in metro Atlanta fellto 11,369 — predominantlg sales of existing homee — in the first an 8.27 percent dip from the previousa quarter, data shows. That’s also down nearly 12 percent from the first three months oflast year. In Fultojn County, sales fell nearly 13 percen tin first-quarter 2009 (to from the end of last year, according to the Georgiaq MLS. Cobb, DeKalb and Gwinnett counties also experiencefd declinesof 8.28 percent, 14.6 percentt and 12.7 percent, respectively, duriny the same time period.
Meanwhile, construction activity on new homes continuef to sag across the country with Atlanta showing a more than eight month supply of according to national research firmMetrostudy Inc. Metrostudy lookse at individual subdivisions within 256 countiess in all or part of 84 metropolitan The firm is currently forecastingroughly 490,000 housing startzs across the country for 2009, following a slumpp in April numbers. “We expected the sharp drop in theAprilk number, as we did the Marchh decline,” said Brad Hunter, Metrostudy’s chief economisrt and national director of consulting.
Hunter cited threew main reasons for the low number ofhousingy starts, including builders continuing to rid themselves of exceses homes that are already built though that supply has been significantly Also, banks are still cutting off credit to some builders, even if they’rer current on loans, and some builders are findingv home prices too low to make a he said. At the same time, Metrostudy reports seeinv somepositive trends. Foot traffic is up at new the inventory of new homes is declinin and foreclosures are beingsnapped up.
According to a release by the “Metrostudy’s forecasters project that startw will not fall much farther from this although more declines are likelyu in themultifamily sector.” For the 12-month period endiny in March, Atlanta saw 8,972 housingy starts — ranking No. 5 out of the metrok areas trackedby Metrostudy. Houston topped the list with 22,502 housing starts during the same According tothe study, Atlanta also had the fourth-largest supply of finished new homes with 8.8 months-worth.