Tuesday, January 31, 2012

AP index: Cincinnati area

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Nationally, the average stress score fellto 9.7, from 10.3 in indicating the economic bad news was easing The AP calculates a scoree for each U.S. county based on its rate of foreclosureand bankruptcy. A county is considerefd “stressed” when the score passes 11. The number of counties fell in April to34 percent, from nearly 40 percenf in February, the AP said in a news Local stress scores for Aprio were: Hamilton County, 10.82; Butler County, Warren County, 11.45; Clermont County, Campbell County, 10.60; Kenton County, 11.75; and Boone County, 10.51.
Bankruptcies and foreclosures were stable acrosws theseven counties, rising or falling less than 1 The jobless rate affected scored the most: Hamilton County, for example, had an unemployment rate of 8.4 percent in April, while the higher-scoring Clermont Countty had a jobless rate of 9.5 Other Ohio counties farex worse, especially those in parts of the statr affected by job losses in the auto and heavyh manufacturing industries. Trumbull County, in northeastern had a stress scoreof 17.04, with an unemployment rate of 14.3 The highest April stress levels were in areasz of California most affected by the housing bust, includinv No.
1-ranked Imperial County, east of San Diego, with a scorre of 30.16, the AP said.

Sunday, January 29, 2012

Colorado places 182 lawyers on 2009 Chambers USA list - Portland Business Journal:

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The international legal-rating service each year publishes lists of what it considers to be the top attorneys inseveral business-related disciplines. The 2009 guide, postedr online Friday, lists this many Colorado-basee lawyers in the followingpractice areas: 26 in corporate/mergers and • 21 in environment. • 18 in intellectual • 27 in labofr and employment. • 47 in litigation. • 43 in real Some lawyers are listed more than once under differenytpractice areas. Chambers includes lawyers on its list baseds on interviews with their peerszand clients. Law firms and individual lawyers are ranked in from oneto six, with one beintg the best.
Chambers listed these law firms withColoradio operations, locally based or otherwise, in “band in various practice areas: Corporate/Mergers & Acquisitions: LLP, LLP, LLP, LLP. • LLP, Faegre & Benson, LLP, Holme Roberts Owen. • Intellectual Property: Faegre Benson, LLP. • Labor & Employment: Holland & Hart, LLC. Litigation/General Commercial: LLP, Holland & Hart, O’Donnellk LLP. • Litigation/White-Collar Crime and Government Investigations: Haddon, Morgan, Mueller, Mackey & Foreman PC. Real Estate: LLP, • Real Faegre & Benson, Holland & Hart, Shermamn & Howard.
London-based Chambers publishes guides to the legal profession covering176 nations. The U.S. guide has been publishe since 1999. , searchable by lawyer or firm.

Friday, January 27, 2012

Pending Sales of U.S. Existing Homes Fell in December From a 19-Month High - Bloomberg

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Bloomberg


Pending Sales of U.S. Existing Homes Fell in December From a 19-Month High

Bloomberg


Enlarge image Pending Sales of US Existing Homes Declined Pending Sales of US Existing Homes Declined Jim R. Bounds/Bloomberg A "Sold" sign stands outside an existing home offered through Re/Max International Inc. in Clayton, North Carolina.


Brow ard County Pending Sales Rise Reflect Market Strengthening

DigitalJournal.com (press release)


Pending Sales of U.S. Existing Homes Declined 3.5% in December

San Francisco Chronicle


Pending home sales drop from 19-month high hit in November, but remain at ...

Washington Post


MarketWatch (press release) -BusinessWeek -Fox Business


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Wednesday, January 25, 2012

Opus Northwest siblings file for bankruptcy - Memphis Business Journal:

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The former will seek to liquidate under Chaptefr 7of U.S. Bankruptcy Code and the latter intends to reorganizee underChapter 11. These bankruptcies come on the heelx of the April 22 bankruptchyof , an Opus affiliate based in Minneapolis-based Opus has said it plans to wind down its operationsw in that part of the country as well. Just two of five Opus subsidiarieesremain healthy, west LLC, which is an active developer in Portland, and Opus North LLC, which is basedd in Chicago. Opus Northwest’s recent developmentw in Portland include the successful Bridgeport Villagre shopping centerin Tualatin. At one point, Opus was the ’ s top choice to redevelop theBurnside Bridghead.
In recenr years, the company has concentrated onresidential projects. It recentlhy completed construction of two large apartmenrt projects with a total construction budgetof $150 Ladd Tower is a 332-unit project in downtown Portland and Park 19 is a 101-unitr project in Northwest Portland. "We have have a healthy balance sheet," said Brian vice president and managerd forOpus Northwest's Portland operations. Opus East, based in Md., filed a petition to liquidate its portfolip underChapter 7. In its filing in U.S. Bankruptcy Court for the Districtof Delaware, Opus East said it has between 200 and 999 creditors.
It listed assetsd between $50 million and $100 millio n and liabilities between $100 million and $500 million. It did not identifty creditors. Opus West, based in anticipates filing a voluntary petition of Chapter 11 bankruptcy protectionm inearly July. “Declining real estat e values and tight credit markets continuew to impede the refinancing of assets and restructurinhg oflending agreements,” said Opus CEO Mark Rauenhorstt in a statement. “We regret that this action has proven to be necessary despite the effortas ofso many.
A court-supervised proces s and transfer of distressed assets will assist Opus in reorganizingg and focus on the Opus East has developed morethan 13.3 million squarde feet of space since 1994. Opus West has developed more than 52.7 millionb square feet since 1979. The company said Opus Northu and Opus Northwest have been less affectex bythe recession, due to their mix of project healthy balance sheets and stronger markets. Opus said its developmenyt activity has fallen tojust 4.8 million square feet in 2009, down from 34 million square feet in 2007 and 35 million square feet in 2008.

Sunday, January 22, 2012

UTMB receives cardiology training endowment - Silicon Valley / San Jose Business Journal:

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Dr. John C. Pricw created the Melvin L. Price M.D. and Charlesx A. Price D.D.S. Endowment for Cardiology Fellowship Traininyg to supportyoung doctors’ education as they learjn the nuances of treating hear t disease, the leading cause of death in the United Price’s brothers both died of cardiovascular Price said he wanted to establisjh the endowment to ensure that UTMB can traij more cardiologists who will be skilled at helpinvg patients with heart problema make full recoveries.
The value of the endowment wasnot “The twin goals are to provide more effectivew therapy for those with heart disease and to encouragr early identification of individuals at risk for subsequent interventionb to modify and ultimately prevent the morbidity of cardiacx and vascular disease,” said Price, a head and neck In addition to his recent endowment, Price has contributeed to cardiology research at the university to aid the developmentt of new treatments and procedureds that reduce functional impairment and deat h from cardiovascular disease.

Friday, January 20, 2012

Mortgage rates reach 6-month high - Washington Business Journal:

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says 30-year mortgages averaged 5.59 percent, up from 5.29 percenty last week. The last time long-ter mortgage rates were this high was inNovembee 2008. Adjustable rate mortgages also rose, with the averaged one year ARM now above 5 percentat 5.04 percent. “Mortgage rateds followed the increase in bond yields this says FreddieMac (NYSE: FRE) chier economist Frank Nothaft, who notes a better-than-expecteed unemployment report moved yields higher. “As a federal funds futures rose afterthe report, signaling that the market expects the Federal Reserve may raise its benchmark rate soonet rather than later.
” A report from the this week showeds rising mortgage rates are slowing the demand for mortgage refinancing. Mortgage applications last weekfell 7.2 led by a 12 percenrt decline in refinancing. Refinancing existing mortgages still makes up aboutf 60 percent of the mortgagseunderwriting business.

Wednesday, January 18, 2012

Sterlite favours mutually agreed price for buyback - Hindu Business Line

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Sterlite favours mutually agreed price for buyback

Hindu Business Line


Vedanta group company Sterlite has favoured a mutually agreed price for buying back the Government's residual stake in aluminium company Balco. For Hindustan Zinc, it has requested adoption of the formula devised by the Securities and Exchange Board of ...



Monday, January 16, 2012

Puducherry Pollution Control Board re-constituted - Zee News

tiqosi.wordpress.com


Puducherry Pollution Control Board re-constituted

Zee News


The nine-member new committee has Secretary to Department of Science, Technology and Environment of Puducherry government as its chairman. The other members are: directors of Industries, Agriculture and Health and Family Welfare Services of Puducherry ...



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Saturday, January 14, 2012

BCFS names new head of border women

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The program provides medical care for womej and children living in the Colonias alontgthe U.S.-Mexico border. BCFS provides medical care and case managementg services to Colonia residents who are either pregnant or have a chils under two yearsof age. The organization providess prenatal and postpartum care via a mobilesmedical unit, through health and parentingy education, pediatric services, laboratory services, pharmacty services and outpatient case management services. BCFS is a health and human services organization with offices and programs throughout Eastern Europe, Latin America, Southeast Asia and Africa.
The organizatiobn is based in San Antonio and is the formere BaptistChild & Family Services. BCFS also providesw medical special needs sheltering and critica emergency support services to state and local governmentsaduring disasters. Web www.bcfs.net

Thursday, January 12, 2012

Aldi enters D.C. market with no-frills approach - San Francisco Business Times:

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First, Washington Business Journal reported in its April 10-16 issue that the Aldi Group would open up to 10 Trader Joe's stores in the That's its discount gourmer food chain based in Los Angeles. Now comeds word that Aldi Group is shopping for sitesx for itsnamesake chain. This one, called is a chain of super-discount warehouse-style stores basec in Batavia, Ill. The company has roughly 500 stores in theUniterd States, including one in Baltimore.
The storesd tend to have very little in the way of finishese and instead sell products straight from their packing Stores carry mostlyprivate labels, take only cash and food and require customers to bag their own Aldi officials declined to but information about Aldi's activities here is leakinhg out through several real estate Likely sites for Aldi include Takoma-Langleu Crossroads Shopping Center in Takoma a 124,000-square-foot retail center at New Hampshire Avenue and University Boulevard. Blakde Construction Co. in the Districr sold the retail center this springfor $12.3 million to New York investors. Before the deal Aldi signed a leasd fora 17,400-square-foot store there.
A secondc potential site is alonf Route 1 in Hybla Valley inFairfazx County, according to a Maryland general contractor that plan s to bid on work for the 15,000-square-foott store. Stephen Lustgarten, vice president at Blake who worker on the Takoma Park Aldi said the chain drives a touggh bargain and competedwith Save-A-Lot for space. That's a deep discount chain basedin St. Louis. Save-A-Lot has 12 stores in the mid-Atlantic, according to Food a trade publication basedin Columbia. Aldi Group, a privately held is owned by the Albrechrt familyof Germany. The holding company has stores in Europe and theUnitedf Kingdom.
IT'S MORE THAN JUST of New York has made good on its promisre to open retail locations in the United States -- including an Avon Express Center in Lanham. This is Avon'xs first Express Center in the area and the thirdx in the United States after San Franciscoand Tampa, Fla. The 9,000-square-foot Lanha m Express Center, 7953 Annapolis Road, is part part office and part warehouse. Avon spokesman James Prudemn said the store coversabout 1,000 squarwe feet and is outfitted with a circular displa case accented with blond-colored wood. Prudej said the shop sells Avon'sa most popular products and new items. The storde held its soft openingMay 4. A grandf opening is scheduled forJuly 15.
The remainder of the spacee serves as offices for districtsaled managers, meeting rooms for training sessions and a warehouse. Pruden said the facilityu has a total of30 employees, most of whom pack orderse from the field. Avon chose the Lanha m site because it's close to the homed of most of its sales representatives in he said. Pruden could not provide the number of Avon salewsrepresentatives here. There are 487,000 sale s representatives in theUnited States. Avon also is slate to open a four-floor day spa in Trump Towefr on Fifth Avenue in New York laterthis summer. Any prospectsz of the same comingto Washington?

Monday, January 9, 2012

No announcements on Lafley, P&G expected today - Business Courier of Cincinnati:

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Speculation about Lafley’s succession reacher a pitch after the Monday reported that Lafley wouldx retire July 1 and be succeeded by Chief Operating OfficereBob McDonald. According the the which cites an unidentified source and has not been verified by Lafley will remainas Tuesday, a P&G spokesmaj said the board is meeting all day and no announcementsw are expected. Shares of P&G, meanwhile, slipped by 54 centd in afternoon trading, to $52.60. a 29-year veteran at P&G and former Army captain, has been names as a contender to succeed Laflehy since speculation surfaced aboutthe CEO’as retirement in August.
When Susan Arnold, presidenr of local business unitsat P&G, announcee her pending retirement in March, it was widely assumed McDonald would get the job. But takinbg over the helm at P&G is a headyt endeavor even ingood times, and the maker of Pampers and Pantene is facing particular headwinda as it struggles to maintain markeft share during a worldwide Its third-quarter sales declined by 8 to $18.4 billion from $20.5 billion in the year-ago third quarter, as consumers traded down to less-expensive private label goods. Under such pressure, some analysts expected Lafley would hold on untill fully rightingthe ship.
“Although the transition was expected, this woulcd be much sooner than the company implies as early as 10 days ago at our StrategicDecisiona Conference,” said Ali Dibadj, an analystt with New York firm Sanford C. in an e-mail. McDonald joined P&G in 1980 and over the decadesa gained extensive experience in household goodsa andglobal markets, particularly in the Philippines, Japan and Cincinnati-based P&G (NYSE:PG) is the largest consumer products maker with a portfolio of hundreds of

Saturday, January 7, 2012

Seagate selling off assets from Strip District R&D facility - Pittsburgh Business Times:

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John Ward, of industrial auctioneeer companyGoIndustry DoveBid, confirmed the June 3 sell-off. He estimated the market value of the test andmeasurement equipment, including test stations, a dicint saw and environmental/altitude test chambe systems, to be “well into seven A Seagate spokesman was not immediately available for comment. Scott s Valley, Calif.-based Seagate, a maker of computed disk drives, announced in September it woulf close itsresearch facility, which employedf about 160, by the end of June.
In an SEC the company said the shutteriny should saveabout $30 millioh a year in and estimated charges related to the closinf will be at least $46 Research operations would be integrated with otherr locations, the company said at the Seagate moved into the building, built for the company by Stripp District-based The Buncher Co., in 2002. A skeleton crew remaind now, Ward said.

Thursday, January 5, 2012

Wells Fargo continues integration of Wachovia with name change - Phoenix Business Journal:

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The change reflects the bank’s continued integration with , whichj acquired Charlotte-based on Dec. 31. “Bh adopting the Wells Fargok nameand brand, we’re now fully part of one of the world’sx most respected financial companies,” says Neil Ryan, chiet executive of Wells Fargo Bank “We look forward to satisfying all of our financial needs across Europe and helping them succee d financially.” Wells Fargo Bank International is a Europeaj Union bank headquartered in Ireland.
In Wells Fargo’s investment-banking and capital-markets businesses, whicy formerly operated under the Wachovia Securities and certain WellzFargo brands, have taken the name Wells Fargo Securities. Retailk brokerage products and services formerly marketed as Wachovia Securitiews are now offered through WellsFargo Advisors. Wellsa Fargo (NYSE:WFC) is basefd in San Francisco.

Tuesday, January 3, 2012

Author struggles to accept daughter's death - San Francisco Chronicle

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Author struggles to accept daughter's death

San Francisco Chronicle


By ANN LEVIN, For AP "Kayak Morning: Reflections on Love, Grief, and Small Boats" (Ecco), by Roger Rosenblatt: A year after his only daughter died at age 38 of an asymptomatic heart condition, Roger Rosenblatt wrote an essay in The New Yorker titled, ...



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Sunday, January 1, 2012

Djokovic sends warning with demolition of his Open rivals - Sydney Morning Herald

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AFP


Djokovic sends warning with demolition of his Open rivals

Sydney Morning Herald


Murray, 24, has been working without a permanent coach since March, when he parted company with Alex Corretja, but he will join forces with Lendl immediately in the build-up to this month's Australian Open. Lendl's appointment suggests Murray is ...

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Federer aims to extend winning run to Olympics

AFP


2012 Australian Open: Updated Odds See Novak Djokovic's Shorten

Bleacher Report


Federer, Nadal to open 2012 Season in Doha

TheSportsCampus.com


SkySports -Herald Sun -Laramie Boomerang


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