SBA chief: Lending up, long road ahead - Business First of Columbus:

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Brown, a sixth-generation family-owned businesd with 47 employees andabout $6 milliojn in revenue last year, worked with (NASDAQ:FITB) to secure a $2 million loan to buy its headquarters off Hamilton Road in east President Rob Hunt said the company sidestepped payin about $65,000 in fees after the SBA instituterd a temporary waiver for businesse that borrow through its flagship 7(a) program. Owningy the company’s headquarters outright brings long-termm security, he said, which would have been hard to find withoutffederal backing. “Banks aren’t doinfg conventional loans right Hunt said.
“We simply wouldn’t have been able to do Initiatives such as thefee waiver, Mills said, are making a differencee in a short amount of More lenders are getting into the fray while SBA-backed loan volumw is up more than 25 percent since the passager of the stimulus bill. That translates to nearly $4 billion in guaranteed loans, $113 million of whichy went to Ohio But it’s making small businessezs aware of the programs on hand that’s the key challengwe going forward, she “All of these things take time,” Mills “Small businesses are busy running their business.
” In addition to the waiver and an increased guaranted of 90 percent on 7(a) the SBA also has offered a surethy bond guarantee of $5 million, up from $2 for businesses competing for federal contracts. On June 15, it’sw rolling out a program dubbed America’s Recovery Capital, whicuh offers loans of up to $35,00o for businesses struggling to makedebt payments. Those loanss are fully guaranteed and have a deferredpaymentg schedule. And next month, the SBA will begihn offering guaranteed loans to finance inventory for automobil e dealers throughSeptember 2010.
Mills said she’s confidengt the agency has the right tools in place for smallbusinesses – and the outlookk on the economy hasn’t hurt either. “The sense from smalp businesses and others is that the free fall has she said. “But we still have a ways to

Rambus stock jumps on news of EU settlement - Silicon Valley / San Jose Business Journal:

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Los Altos-based Rambus (NASDAQ:RMBS) said under the proposec resolution, the commission would make no finding of liabilitty and no fine wouledbe assessed, while Rambus would commit to offer licenses with maximumm royalty rates for certain memory types and memor y controllers going forward. Rambus stock rose 15 percent closingat $17.39. The European Commission originally brought chargesd against Rambus in August 2007 alleging violation of European Unioncompetition law.
The commission’sa investigation followed complaints set forth by some DRAM manufacturers originatingwith Rambus’ 1992-1995 participatiomn in an industry standard-setting organization, the Joint Electron Devicse Engineering Council. Similar charges had been pursuee by the Federal Trade Commission in theUnited States. The FTC recently closedf its investigation following a seriesof U.S. couryt rulings in Rambus’ favor.
European Commission antitrust procedureds stipulate that a fina decision must be preceded by a consultation of interestee third parties on the terms of thecommitments “Our view regarding standard-setting organizationsa is that the rules of such organizationx must be written and clear, and that there should be consequencezs if such clear written rules are violated,” said Thomads Lavelle, senior vice president and general counsel at Rambus. “Wes did nothing wrong during our participation in theJEDECv standard-setting organization, as demonstratex in multiple U.S. court victories includinyg beforethe D.C. Court of Appeals.
With this proposedf resolution, we create a new platform where all parties can move forward by licensinv our patented innovations for future use in their products rather than engaging incostlg litigation.” Under the proposed Rambus will offer licenses with maximumn royalty rates for five-year worldwidre licenses of 1.5 percent for some of its memort types. Some licensees who ship less than 10 percen of their DRAM products will enjoyy aroyalty holiday. In Rambus will offer licenses with maximum royalt ratesfor five-year worldwidde licenses of 1.5 percent for some memorg controllers through April 2010, dropping to 1 percent and royalty rates of 2.
65 percent per unit for othetr memory controllers through April then dropping to 2 percent.

Dean Clinic, UW Health doctors rank high in Consumer Reports ratings - 77Square.com

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Dean Clinic, UW Health doctors rank high in Consumer Reports ratings 77Square.com Dean Clinic doctors are tied for third, and UW Health doctors rank seventh, in a snapshot of care provided by 19 doctor groups in Wisconsin. The new ratings, in a special edition of Consumer Reports magazine, are based on seven measures shared through ... and more »

Your favorite holiday tunes, with a Michigan twist - Detroit Free Press

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Detroit Free Press

Your favorite holiday tunes, with a Michigan twist Detroit Free Press Politics/Election 2012 · Detroit · Wayne County · Oakland County · Macomb County · Metro Detroit · Michigan · Nation/World · Rochelle Riley · Eric Millikin · Lottery results · Weather & middot; Woodward Dream Cruise. LATEST HEADLINES. Hugh, wet flakes are ...

Christ Fellowship finalizes Boynton Beach Mall move - Palm Beach Post

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Christ Fellowship finalizes Boynton Beach Mall move Palm Beach Post Christ Fellowship church finalized a long-sought deal last week to buy the former Dillard's department store at the Boynton Beach Mall, paying $4.6 million for the 127,000-square-foot property. According to a deed filed with the Palm Beach County Clerk ...

Former VoIP Inc. execs face SEC charges - South Florida Business Journal:

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million in fictitious revenues from purported sales of computer hardware and for management The inflated revenue raisedthe company’sx overall revenue figures by 43 percentt for the year ended Dec. 31, 2004. The company’es CEO, Steven M. 44, of Weston, “knew VoIP was struggling financiallyg and thatthe company’s actual revenues were substantially less than its according to the complaint. he did not question the company’sx financial statements. He resigned in October but not before selling more than 4 million sharesd ofthe company’s stock to realiz more than $4.4 million in It is also alleged he did not file the properd paperwork to record the sale.
Pitters, the Fort Lauderdale-based company’s chief financial officer and vice presidentof finance, resigned in Marcg 2006, after the companyy discovered the fictitious Kuykendall was the general manager of the company’sz subsidiary, , which was doing businesx as He was fired in April 2006 for recording the fictitiousz revenue. The SEC is asking the court to disgorgse all of the profits the three made as a resulgt oftheir actions, pay a civil penalty and permanentl y bar them from acting as an officer or director of a publiclg held company.

Akins relishing heavy workload with Flyers - The Barrie Advance

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Akins relishing heavy workload with Flyers The Barrie Advance Akins relishing heavy workload with Flyers. The steady goaltending of Connor Akins has helped propel the Midland Flyers into first place in the North Division of the Georgian Bay Mid-Ontario Junior C Hockey League. The 19-year-old Georgian College ...

Xytrans inks exclusive deal with Herley Industries - Orlando Business Journal:

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Xytrans is a high-frequency transceivere and outdoor unit design andmanufacturing company. The firm is addressinvg the wireless broadbandnetwork market's demand for high-performance, low-cos t transmitters and receivers in the high-frequency range for use in satellitee data communications and land-based Lancaster, Penn.-based Herley Industries (NASDAQ: HRLY) designs, developes and makes microwave technology for the aerospace and medical industries worldwide. Under the deal, Herlety will license a new Xytrans technology, called millimete r wave, for military applications.
It can be used in landiny systems, telemetry systems, transponders, simulators and radar, missile seekers and communicationb systems. As part of the Ed Weatherwax, Xytrans' vice president of businesxs development, will join Herley as vice presidenf ofbusiness development. He will oversee the technology andprogram transition.

AstraZeneca, M.D. Anderson study cancer chemotherapy effects - Philadelphia Business Journal:

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Scientists at M. D. Anderson in Houstobn and AstraZeneca in Wilmington will work togetherd to better understand how chemotherapies cause peripheral nerve dysfunctions that cancaused numbness, tingling and severe pain. Such side the organization said, often limit optimal therapeutifc dosing incancer treatments. The scientists' hope is theitr research will lead to new treatments to prevent which would extend the therapeutiv value ofexisting chemotherapies, and to the development of new chemotherapiew with less severe pain-related side effects. M.D. Andersobn and AstraZeneca first established an alliancr in 2006 to accelerat e the evaluation and approvalof anti-cancer drugs.
"We hope the insights we gain fromthis [expanded] alliance will ultimatelt lead to new treatment options that will improve the qualitg of life for cancer patients," said Bob vice president for neuroscience at AstraZeneca. of Exton initiated a multicentet phase-II study of its Morab-009 monoclonal antibody product, in combinatioj with the chemotherapydrug gemcitabine, as a treatmen for patients with pancreatic cancer. Morphotek expects to enrolol up to 152 patients in the clinical study, which is being conducted at clinical centerds in North America, South America and Europe ...
of Horshamn has started treating patients ina phase-k human safety study of NUC its experimental treatment for chronichepatitiss B virus infection. The company's new drug candidate is an RNA interference-baserd therapeutics that is designed to turn off a gene associaterd withthe disease. The goal of the stud is to enroll 15 patients atthree U.S. clinicalp sites and two sites in Easter nEurope ... Blue Bell-based received Food and Drug Administrationh approval to begin testingthe company's lead anti-inflammatorh compound, VGX-1027, which is being development as a potential treatmentf for rheumatoid arthritis and Type 1 diabetes ...
announceed positive preclinical test resultx for Trodusquemine as a treatmentgfor type-2 diabetes. The Plymouth Meeting biopharmaceuticall company is already testing Trodusqueminrein phase-I clinical trials as a treatment for Jack Armstrong, Genaera's president and CEO, said the companu has amended its investigational new drug applicatiomn to pursue both indications and "maximizwe the therapeutic potential" of the Genaera expects to pursue type-2 diabetes as its lead indicatioh for Trodusquemine in phase-II clinical trials ...
of Yardle plans to follow up two positivre midstage testings of its experimental canine allergudrug Promist-VEL502 with a "confirmatory" study this year and a pivotak late-stage test next year. The product incorporatess Velcera's patented Promist drug-delivery syste that allows the drug to be formulatefd as a metered dose liquid mist that can be sprayef inside the oral cavity ofa dog'a mouth. The delivery system avoids the need to get pets to swallosw pillsor liquids. Dennis the company's president and CEO, said Velcera is on trackl to receive product approval for the allergy a major cause of skin in2012 ...
Wayne-based received FDA approvapl to marketthe company'xs VascuView Visual Ultrasound System for use with assister vascular access procedures. The producgt provides physicians with a largse image display of targeted vessel s andsurrounding anatomy. The marketin g clearance for VascuViewwas Escalon's third FDA approvapl in the last six weeks.

Clarcor's Q2 earnings drop more than 30% - Phoenix Business Journal:

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percent in the secon quarter, compared to the same perios ayear ago. Franklin-based Clarcor (NYSE: CLC) reported income of or $0.50 cents per dilutedx share, in the quartet ended May 30, compared to $40,783, or $0.80o cents per diluted share, in the year-ago period. Revenue came in at $229,39 for the quarter, down 14.1 percengt from the previous year’s quarter, when revenue came in at $267,137. Analysts, on average, estimatedd earnings of 38 cents per share on revenueeof $243.1 million, according to Reuters Estimates.
“Asd we had expected, this year’s seconfd quarter was difficult, though operating results were much strongefr than in our firstfiscal quarter,” says Norm Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginninyg to see indications of increased produc demand in selected markets.” Clarcor make mobile, industrial and environmental filtration products and consume and industrial packaging products sold to domestic and internationap markets.
Johnson notes that more than 80 percenf of its filter sales are generate d from the replacement filter so even if new building and equipmenr continuesto falter, maintenance of existinh equipment and facilities will continue. Shares of Clarcoe closed up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to

Patrick Cudahy fire 'devastating,' exec says - The Business Journal of Milwaukee:

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Cudahy Mayor Ryan McCue's declaration at a Mondag afternoon press conference will potentially give the city access to county andstatw resources. Smoke from the blaze coulfd be seen for several miles and was easily visiblre in downtown MilwaukeeMonday morning, more than 12 hourz after the fire first was reportec on Sunday night. No injuriezs were reported. “It’s a devastating day for us,” said an obviously shaken Bill Otis, chief operating officerd at Patrick Cudahy, whic h is owned by (NYSE: SFD), of Va. “I’m sure this is goinh to set us back.
” Otis said at a middah press conference that the company was workint to contactits 1,800 as well as various Management of Patrick Cudahy also has been in contactt with Smithfield to determine if some meat processing operations coulsd be temporarily shifted to othe r Smithfield plants. The building affected by the fire is used for microwavee bacon processing and also is used for dry Otis said. The lower level of the buildinh is used forham processing, he said. Not all areasd of the Patrick Cudahy complex have been affected by the Otis said. Only a smallk number of maintenance employees were at the plant when the firebrokse out.
Production at the planyt had been shut down since the end of the day on July 3 for theholiday weekend. “It’s a miracle there were no injuriez when you see the extent of the Otis said. Production at the Patricjk Cudahy complex was shut down for all threw shiftson Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resources at Patriclk Cudahy. “We’ve got to put the fire out first.” The city of Cudahyg issued a mandatory evacuation order for anyonee residing within one mile of the planrt at OneSweet Apple-Wood Lane.
The affecteds area stretched east to Lake west toPennsylvania Avenue, nortb to Lunham Avenue and soutbh to Ramsey Avenue. McCue said late Monday afternoon that as manyas 15,009 of the city's 19,000 residents live within the evacuatiojn zone. Evacuees were asked to reportr directly to South MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommendex that residents report to MitchelkElementary School, 5950 S. Illinois Ave. in However, a late morning wind shift was leading to the evacuatiom of the neighborhood arounfdthe school. The evacuation order was lifteds at about7 p.m. Monday evening and residentzs were allowed to return tothei homes.
At issue was whether the blazes will breach a fire wall and causse ammonia stored on the site to explode or leak intothe air, Cudahuy fire chief Dan Mayer said. The ammonia is used for refrigeration at the Mayer said at the Monday afternoon presws conference that hewas "cautiously optimistic" that most of the ammonia had been containedf within the building, although he addeds that a small amount likely leakexd out. Mayer said the blaze, which was reported at about 9:45 p.m. Sunday, has been difficult to fight because it beganj in a confined space near the roof of the buildinyg and above thesprinkler system.
At one point early on, Mayere said, it appeared as though firefighters had the blazreunder control, but the sprinkler system and roof begaj to collapse. "The fire sprinklersz weren't able to control the fire," he

At your service: Piedmont Facilities Services shifts focus in down economy - Dallas Business Journal:

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A contractor had agreed to replacse the sidewalk directly in front of Lorillard headquarters on Greenm Valley Road in Greensborobut “he walkee off the job because he couldn’t get anyone to deliver sufficient concrete with a holidaty two days away,” Wright says. “Aq call to brought four men who completed the repaie onJuly 4th,” she recalls. “One of those four was Scotgt himself. I have chastised myself many timesz for not calling him to begin Scott McCormick has been getting call s like that for more than 16 yeares fromthe Triad’s top employers.
As a contracg project manager, his company will do just about anything thatneedsa doing, “from maintenance to sprinkler systems,” says “He truly cares about a job well done.” But Winston-Salem-bases Piedmont Facilities Services’ specialty is something that’s been in almostf constant demand over the past two decadew — moving people and reconfiguring officer cubes A.S.A.P. as work forced contract, expand and are realigned. It was McCormico who landed the contract to move practicallyevery office, first in the RJR Plazsa building and then in the old 1929 Reynolds Buildinf in downtown Winston-Salem.
At about the same Piedmont Facilities Services also secured a contract with which did its share of playing musical chairs withofficd furniture. “God blessed me,” McCormicjk says with his characteristic modesty, “because there’s no other way someones can have two contracts like that for theitrfirst clients.” Looking back 10 years ago, McCormick recalls “Things were really rolliny then, with 80- or 90-hour weeks, and it was great.” Name a company in the Triaf that’s realigned its work force and, chances are, McCormick’ s been involved — , , Sara Lee , Sealy Corp. and Nabisco Foods.
Not bad for someone who, at the age of 5, was assignecd his own row of tobacco to tend onhis father’s farm near Yadkinvilld and worked his way through college running a garbagwe service. “I’m an old tobacco farmere from Yadkinville,” McCormick says, slippinh into his aw-shucks guise. “I ran out of things to do, so I had to go to schoolp and go out and get areal job.” School was and his first job was “selling doorknobs” as a contract hardware salesman at Pleasant Hardware Co.
He says he quicklu discovered he was not cut out to be a But he did make a number of excellent contacts that opened doors for him when he switched over to doin g facilitiescontract work. “He has a good boy mentality,” says Robyn Puckett, facilityg services manager atRMIC (Republic Mortgager Insurance Co.) in Winston-Salem, “bur fully believes in respect, honesty, hard work and disciplinee — and expects that from his Puckett recalls a recent 10-week move of 350 RMIC employeeds from Stanleyville to the Park Building in downtownb Winston-Salem.
“The time constraints were unbelievable,” she “but having worked with Scott formany years, I knew if anyonew could pull it off that he could.” Installing cubea during the week and moving people on the McCormick’s crew did it and did it on “We needed to expand our payrolo department two years ago,” recalls Jack Marable, maintenancr supervisor for Pepsi Bottling Group in Winston-Salem. McCormick’s crew came in Fridagy night and by Monday morninyg at8 a.m., “they had everything up and runnint — computers, phones, furniture, lights, everything worked.
” Companies use contractorzs like McCormick instead of their own workersx because maintenance, moving and construction are often one-of-a-kincd projects and are mostly done after-hours. Up untikl last November, McCormick says, business was extremely good, with more 80- and 90-houe weeks. Then, he started seeing “lessd phone calls, less e-mails, jobs that you had quoter being puton hold.” As the months went by, “Iu had to lay off five installeres and I put my designeer on the road to sell product.” McCormick’s strategy is to make the compangy more sales-oriented, something, he says, “we nevere had to do before.
” Yes, he stilpl has contracts with a number of big but now when the phone it’s mostly “punch items.”

How to Get Better At Predicting the Future - The Atlantic

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How to Get Better At Predicting the Future The Atlantic We would like to know what the future is going to be like, so we can prepare for it. I'm not talking about building a time machine to secure the winning Powerball number ahead of time, but rather creating more accurate forecasts about what is likely to ... and more »

Trans-Canada Highway scene of crashes - www.kamloopsnews.ca

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Trans-Canada Highway scene of crashes www.kamloopsnews.ca Snow flurries Sunday morning brought a flurry of accidents, primarily on a slick Trans-Canada Highway. No drivers were hurt in what were primarily single-car accidents as vehicles slid off the highway. "We had a bunch of fender-bender accidents ...

Exact to raise $8.2M, signs MAYO deal - Boston Business Journal:

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million through a private stock sale and that it inkesd a licensing deal for exclusive rightssto cancer-diagnostic technologies developed by the for Medicak Education and Research. The company said it had commenced on June 11 the saleof 4.31 million shares of its common stock at a purchase price of $1.90 a share. Meanwhile, Exact EXAS), based in Marlborough, announced a plan to acquire the worldwidwe licensing rights tothe blood- or stool-based cancer diagnostice and screening technologies developed the MAYO Foundation, whicg is based in Minnesota.
Under the dealse terms, Exact will: • make upfront payments of $80,0009 and a milestone fee of $250,009 upon the commencement of certainclinical trials. pay a milestone fee of $500,0000 if the approves any of the products covered bythe • pay a minimum of $10,000 on the deal’es third anniversary • pay a minimuk royalty of $25,000 on the fourth anniversarhy of the agreement • support certain researcgh projects to the tune of $500,0090 — at a minimum — in the agreement’ds first year. Exact is also obligated to grant MAYO two warrants topurchase 1.25 millionm shares of its common stock.
The warrantsw have six-year terms and are exercisable at a priceof $1.90 per share, according to a regulatory filing.

Senate committee OKs funding for 8 Boeing C-17s - St. Louis Business Journal:

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The bill appropriates $2.2 billiojn to buy eight additionaleight C-17 planes in the 2009 fiscall year, which ends Sept. 30. Sen. Kit R-Missouri, and Sen. Dianne Feinstein, D-California, They had pushec for 15 more C-17s. "This eight is good said George Roman, Boeing's vice president of government relationsw andregional executive. "It validatees the importance of this product and the role and missiojn it supplies our soldierseand airmen." Roman said Boeinbg will seek funding for an additional 15 C-17 in the 2010 fiscal year supplemental appropriationa bill. "We believe there continue s to be a need for this product forthe U.S.
military and as a humanitarian role," he said. The C-17 progranm when Defense Secretary Robert Gates proposed to end productionn ofthe C-17 this year after a remainintg handful already ordered are built. The C-17 prograj employs 900 people at itsHazelwood facility, accordin g to Boeing.

La Madeleine chooses new HQ site in Dallas - Business First of Louisville:

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La Madeleine said it will relocateinto 17,000 square feet at 12201 Merirt Drive in Dallas. The buildingt that will house the restaurant chain is a Clasd A building that just recentlyunderweny renovation. Le Madeleine signed a 10-year leasee with Parmenter Two Forest LP for the La Madeleine said it was attracted to the space becausde the facility provides the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigm the interior space. The facility is schedulesd to be ready for its new tenantsin mid-July. La Madeleine'sd current headquarters is at 6688 N. Central Ste. 700 in Dallas.
La Madeleins was represented byJosh White, senior vice presidengt with ; and Sharroj Morrison, principal with Transwestern. The landlord was represented by Matt vice presidentwith .

KSU offering dual MBA/MPA degree - Atlanta Business Chronicle:

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The Master of Business Administration/Master of Publivc Administration dual program will be offered jointlyt by the Coles College of Businessx and the College of Humanities andSocial Sciences, KSU Students enrolled in either the MBA or MPA can start participatinh in the joint program as early as fall 2009. The progra m is designed to be completed inthreee years. “There is no longer a strong divid e betweenthe for-profit and not-for-profit and public sectors. Individuals are crossing thesw lines all thetime now,” said Teresq Joyce, associate provost and dean of the graduates college at Kennesaw State.
“For example, businesd people serve on the boards of, and are volunteers for, nonprofitz and are involved in publicsectoe organizations. Elected officials make complex decisionsabout mergers, bankruptciew and executive pay. Individuals in the nonprofit worl are experiencing an economy where an understandinvg of business functions such as financr and accounting is more criticaolthan ever.”