четвер, 31 травня 2012 р.

Zicam maker pulls products, but affirms safety - Pacific Business News (Honolulu):

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The FDA said it received more than 130 complaints from consumerxs saying they have lost their sense of smel l after usingthe products. Jennifer Warren, a former schoolo teacher who livesin Huntsville, Ala., said she lost her sense of smello after using Zicam to prevent the duratiomn of a cold a few yearxs ago, but had never complained to the FDA or the compan y because she figured there was no way to proves Zicam caused her anosmia. She said she doesn’t want to sue Scottsdale-basecd Matrixx (Nasdaq:MTXX) even after learning otheras have had thesame “I don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave abour all these drugs not beingv allowed onthe market. The firsty time anything goes wrong, everybody wants to go sue, sue, sue. That drivesd me nuts. I honestly believe the peoplr were trying to do somethinb to help people notget sick.” William acting president and chief operating officeer of Matrixx, said the FDA action was taken withoutt reviewing research he wouled have been more than willing to provide. “We thinko the science does not support this allegation at he said. “Quite we would not be sellint the product if we thought itwas unsafe.
” Zicam products use a homeopathic remedy called Zincum Gluconicumk 2x, which means they require FDA Dr. Sam Benjamin, a medical doctor with a homeopathic saidhe can’t figure out why the FDA has taken so long to deal with the issue. “I can think of no part of alternativwe medicine that summons up more worry to conventionakl physiciansthan homeopathy,” said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturdayx at 2 p.m. and 1,000 followera on Twitter. “There are so many drugse around thatcause problems, why woule one event want to expose people to any Brett Berty, a senior recall strategisty at Stericycle Inc.
in Lake Forest, is coming to Phoenix this week to meet with Matrixx official to see if he can help the company withdamagw control. Usually, he said, companies will voluntarily recalp a product before the FDAgets involved. That’sd not how it happened with Matrixx. The FDA stepper in and warned Matrixx that it had received more than 130 consumet complaints and that the company needede to stop marketing the product until it can put a warning label on its packaging that it couldxcause anosmia. Over the past 10 Berty has worked with manufacturers to conducgabout 1,300 recalls, including Vioxx.
“Typically, the manufacturer will work with me prio r to approaching the regulatory he said. “The most important thinv for Matrixx is you can turn a seeminglyh awful situation into an opportunithyif you’re judged by the public as bein part of the solution. How swiftly do they executer that will demonstrate their concern forthe public’s safety.” When the FDA sent the warnintg letter to Matrixx and advised consumers not to use certain Zicajm cold remedies, on June 16, Matrixx’s stock plummetec 70 percent to $5.78 a share. It bouncefd up a bit to $6.13 a day but nowhere near its 52-week high of $19.
74, near its tradinvg point before the FDA sent thewarninb letter. For the fiscal year ended March 31, Matrixs reported $13.8 million in net incomwe on $112 million in net sales, up from $10.4 milliomn in net income on $101 million in net sale a year ago. Hemelt said he will be meetintg with FDA regulators to discuss the He also scheduled a conferencer callwith investors.

вівторок, 29 травня 2012 р.

La Madeleine chooses new HQ site in Dallas - Boston Business Journal:

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La Madeleine said it will relocateinto 17,000p square feet at 12201 Meritt Drive in Dallas. The buildintg that will house the restaurant chainb is a Class A buildinbg that just recentlyunderwent renovation. Le Madeleine signed a 10-year lease with Parmenter Two Foresrt LP forthe space. La Madeleine said it was attracted to the spac because the facility provides the company with the room needes to grow withthe company. Dallas-based architectural firm Benson and Hlavatg will design theinterior space. The facility is schedulee to be ready for its new tenantswin mid-July. La Madeleine's current headquarters is at 6688 N. Centrall Exwy, Ste. 700 in Dallas.
La Madeleine was represented by Josh senior vice presidentwith ; and Sharron Morrison, principakl with Transwestern. The landlord was represented by Matt vice presidentwith .

понеділок, 28 травня 2012 р.

Rhythm developer latest to sue would-be buyers - Minneapolis / St. Paul Business Journal:

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, the Brentwood-based developer of the 105-unit condo building that came online this filed suit Friday against four buyers who would not or couldf not close ontheif units. The suits, filed in Davidson County Chancery Court, accuse the buyers of violatinv the terms of their contracts and ask for the developeer to be awarded the full purchase price ofthe units, plus legal costs. The unitws range in price from $317,000 to $539,000. The sour economy, tighgt lending conditions for buyers and a glut of new condoas coming onto the market in the past year have combinerd to slow sales and create financial headaches forcondlo developers.
There are legal conflicts with reluctant buyerds atseveral Nashville-area high-rise residential developments. has filed suit agains buyers who pulled out of purchasing unitx at the Bristol West End inMidtown Nashville. Jamisonm Station in Franklin has successfully forced buyers to the closiny table with suitsagainst them. Icon in the a joint venture of Bristol Developmentand , is also the defendan in several suits by buyers who signed contractes on units there, but claim the developers were deceptive in theier promises and their dealings regarding the Terrazzo in the Gulch has also been sued by buyersa claiming they were misled and that information was not disclosed Terrazzo’s developer is Crosland Tennessee.
Several localk condo developments have been put into receivershiby lenders. They include the Braxton in Ashland 5th & Main in East Nashvillew and Rolling Mill Hill in downtown

субота, 26 травня 2012 р.

New York Italian restaurant among newcomers to Congress Ave. - Austin Business Journal:

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Mastrangelo is busy renovating a historic storefront at 908 Congress Avenu e where later thissummer he’lll open Quattro Gatti, the second locatiom of his family’s famous Manhattamn ristorante. “I’m a passionate persomn and I’m very passionates about food,” Mastrangelo “Pretty much my whole life revolvesaround that. And when I came to I felt that this was a city that appreciatesgood food, food that someone puts theirt heart and soul into.” Quattri Gatti isn’t the only culinary newcomer of late to downtownb Congress.
Just steps away, the people behinc local favorite El Chile have reworked the space they opened last fall as El That initial concept offered breakfast andluncbh but, based on demand, the ownerz recently turned it into another El Child Café y Cantina, serving lunchy and dinner and featuring a full bar. And a few blocksx south at 319 Congress, Apple Annies Café co-owners Love Nancs and Sherry Jameson aredebuting Annies, a dramatically expandexd reimagining of their 25-year-old restaurant. The bistro-themed eatery that now includes a full bar will be open dailyg from7 a.m. to 2 a.m.
, servinfg customers everything from organic breakfast omelets to late nighrt meatloaf in achic Collectively, the new restaurants are adding to the culture change at work on The Downtown Austin Alliance, the landlords and other groups are collaboratingf in an ongoing effort to bring more retail and restaurants to downtown’s main thoroughfare. The a 24/7 Congress alive with commerce and servingb as a model for the rest of Indeed it was Linda the DAA’s retail recruiter, who helped secure Quattro Gatti for Asaf ate at the Upper East Side restaurant—on of her favorites—on a trip to New York last year and spok e with owner Remo Mastrangelo about the possibilityg of coming to Remo Mastrangelo, Gianfranco’s father, starter Quattro Gatti in 1985.
The neighborhood-oriented restauranty is hailed by critics as one of the best of its kind in New According toZagat “the leisurely meals with treat-you-like-familyt service make this old-line Upper East Side Italian feel like home to There’s a reason it’s been there forever: supporters say the food’es fantastic.” Earlier this year, the Mastrangelos began giviny serious consideration to They came down together and scouted spaces, agreeing that the Congress location would be a great fit for the “We had always heard good things about Austiin and we immediately had a good impressiojn of the city,” said Gianfrancoi Mastrangelo, who recently relocated here.
Mastrangelo said if all goes as the 2,000-square-foot Quattro Gattik in Austin will be open by late July for lunchg and dinner. Because of his own passionm for pizza, Mastrangelo said the restaurant will have a largwe brick ovenfor wood-fired Other plates, like the traditional fish and meat dishes made famous at the New York restauran t will also be on the menu. Price s should range from about $13 to the

пʼятниця, 25 травня 2012 р.

Academic Team honoree: Mariam Vonderheide - Business First of Buffalo:

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Accomplishments: National Achievement Scholarship winner. Classs valedictorian. Scores of 98-100 on three Regents exams. National Merit Scholarshi letterof commendation. Science Award. President of Editor of yearbook. Named to All-County Captain of soccer and track Full name: Mariam Claire Vonderheide. Born: October 20, Jamestown. Parents: Cathy Vonderheide, Scott Vonderheide. Residence: Wellsville. Favorite Calculus (taught by Beth Howitt). “The level of instruction is and I enjoy being surroundedd by other kids who are genuinely interestesin learning.” College and likelyu major: , biology.
Hope to be doinvg 10 years from now: “I hope to have a careerf in dentistry, be married and starting a family, and be livin g near my hometown or a college If could meet anyonefrom history: Babe Didriksomn Zaharias. “She was the greatest woman athlete of the 20th and I have been inspired by her sincse I wrote a paper about her inmiddld school.” If could have dinner with anyone now Barack Obama. “As an I aspire to achieve great things and break racialo stereotypes like he has to proceed to the next First Team Sophie Wang.

середа, 23 травня 2012 р.

Two held with - Himalayan Times

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Two held with

Himalayan Times


BIRATNAGAR: Police have detained Tanka Prasad Puri (42) of Rajghat VDC, Morang and Hisi Bhote (25) of Chepuwa VDC, Sankhuwasabha on the possession of yarsagumba, an illegal herb, worth Rs 2 lakh on Tuesday. Police held the duo from Biratnagar when they ...



вівторок, 22 травня 2012 р.

CDC: Half of overweight teens have heart risk - BusinessWeek

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CBS News


CDC: Half of overweight teens have heart risk

BusinessWeek


By MIKE STOBBE Half the nation's overweight teens have unhealthy blood pressure, cholesterol or blood sugar levels that put them at risk for future heart attacks and other cardiac problems, new federal research says. And an even larger proportion of ...


Rising diabetes rates amo ng overweight teens could lead to heart problems ...

CBS News



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неділя, 20 травня 2012 р.

Greif gets increased credit line - Business First of Columbus:

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The Delaware-based industrial packaging giant said and agreeed to extend the company a revolving credit facilityhof $500 million and a $200 million term both expiring in February 2012. They replace a $450 million revolvingt credit facility that was scheduledr to expire inMarch 2010. Greif (NYSE:GEF) said it can increased the facilities by upto $200 million. Greif CFO Donald Huml said in a statement the new facilitiea enhance financial flexibility and acceszto capital. “We are well-positione d to address the challenges in the global economy and to continue to executwe our disciplinedgrowth strategy,” he Greif closed out its fiscal year ended Oct. 31 with a profit of $234.
4 million, or $3.9o9 a share, up 50 percent from $156.43 million, or $2.65 a share, in fiscao 2007. Revenue for the year close d up 14 percentat $3.78 billion, versus $3.322 billion in 2007. It said in Decembeer it expects share earnings for fiscal 2009 to come inat $3.2t to $3.75, excluding any one-time chargews or gains. The company has implemented a cost-cuttinv plan that includes a continuer evaluation of itsplants – Greif closed 15 last year – alongb with a hiring and salary freezre and lower discretionary spending.
The movezs are expected to save $50 millionj over the coming year, while initiatives tied to Greif’s efficiencyh system should saveabout $50 the company said. Grei f employs about 10,000 worldwide.

субота, 19 травня 2012 р.

CFTC approves expanded grain trading hours - MarketWatch

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Bloomberg


CFTC approves expanded grain trading hours

MarketWatch


CHICAGO (MarketWatch) -- The Commodity Futures Trading Commission has approved CME Group Inc.'s (NASDAQ:CME) proposal to expand electronic grain futures trading to 21 hours a day, up from the current 17-hour schedule, the exchange announced Friday.


CME expanding h ours of grain-contract trading

Chicago Sun-Times


CFTC Approves Expanded CME Trading Hours

W »

четвер, 17 травня 2012 р.

Scioscia looks to future following different kind of Angels' power play - CBSSports.com (blog)

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CBSSports.com (blog)


Scioscia looks to future following different kind of Angels' power play

CBSSports.com (blog)


By Scott Miller | Senior Baseball Columnist ANAHEIM, Calif. -- Mike Scioscia sat on the bench in the dugout nearly three hours before Wednesday night's game, just as he has for nearly 13 years here. He answered pregame questions from the media, .. .



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вівторок, 15 травня 2012 р.

Burgess: Property tax losses

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The Miami-Dade County propertyt appraiser released its preliminary tax rollinformatiom Monday, with all four taxingt jurisdictions – fire library, the unincorporated area and Miami-Dade overall – seeing a decline. The countywide decreases comparing preliminary tax numbers from year to year showse a 9percent decrease, or a total of $22.55 billion.” “These losses would have been worse if not for new constructio n that was added to the propertyg tax roll as of Jan. 1,” County Managerr George Burgess said in a memo sent tocountyt commissioners. North Bay Village took the biggesy hit, down 20.2 percent from 2008 Homestead sawan 18.
2 percentt decline, followed by Normandy Shores, down 17.5 and Aventura which was down 17.3 percent. Goldenm Beach and the tiny city of Islandia saw no Medley sawa 1.5 percent drop whilde Biscayne Park saw a 4 percent decline. Click for the full Staffers reviewed property tax rollsd going back to 1985 and found that 1993 saw taxable value shrinkby 2.9 or $1.9 billion. “Even in 2008, when we absorbed the impactg of doubling the homesteas exemptionfrom $25,000 to the property tax roll was relatively Burgess explained in the memo. “Thesed losses in property tax roll valuesdare unprecedented.
” Burgess warned of a lot more pain on the using the last two years as a barometer of what is For the second consecutive year, Miami-Dadr faced a $200 million budget gap in the last fiscal year. Core services were kept intacgt bytightening belts, but assuming the same tax rate adoptedx for 2008-09, the estimated ad valorem revenues for fiscal year 2009-10 would shrinm by $174.1 million, accordingh to the memo. Taking into account the impact of normal inflationary growth and theeconomifc slowdown, combined with the non ad valorem revenued sources, results in property tax subsidized operations facing a budge t gap of $350 million to $400 million, Burgesds said.
“We are working diligently to prepare a proposed budge forFY [fiscal year] 2009-10 that to the extenrt possible, preserves essential services and minimizesw service impacts to our he wrote in the “However, closing a budgetary gap of this size will require some very difficulr decisions.”

понеділок, 14 травня 2012 р.

Stimulus funds go to forest road projects in Colorado - St. Louis Business Journal:

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million as its share of federa stimulus funds allocated to road maintenance and other projectzon lands, Colorado’s U.S. senators announcecd Wednesday. The local allocation is part ofa $228 million programm by the involving 106 projects in 31 states. The Forest Service, which administers the nation’s nationaol forests and grasslands, is a USDA In Colorado, $4.9 million in funds authorize d by the American Recoveryh and Reinvestment Act will go to maintain roads in San Juan Nationapl Forest and to remove some of its more than 900 milea ofunauthorized roads, and another $2.5 million will go toward roads at the Pawnee Nationap Grassland used on bird-watching tours.
The road projects will help to improvew water quality on federal lands by reducing sediments carried by runofft intonearby streams, officials said. The Colorado allocationj was announcedby Sens. Mark Udall and Michael Bennet, both The overall program was announcedd earlierby U.S. Agriculture Secretary Tom Vilsack.

субота, 12 травня 2012 р.

30-doctor GCAP group wants to leave Alliance - Sacramento Business Journal:

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GCAP, a primary care group with about30 doctors, joinee the hospital system only 20 months ago. Now it’d claiming a litany of contractt violationsthat “have seriously affected the ability of the physicianas to provide excellent health care for their many In a June 3 letter to Health Alliance CEO Ken Hanover, the doctors list 15 complaints, • Lack of 12 notice on changes in contractual including payment of benefits; • failure to pay vendors, leadingb to the “embarrassing shutdown of serviceds necessary to operate our business.” The doctors on Wednesday filed a complaingt in Hamilton County Common Pleas Court.
They ask to be releasefd from service to the Health Alliance and for damagesa andattorney fees. When it joined the Healtbh Alliancein 2007, GCAP was the only independent practice of its type in the It became a wholly owned subsidiaryt of the hospital system, which includeas University, Jewish and Fort Hamilton hospitals, and the . The practicee had hoped to benefi from a complete electronic health records systenm that could interact withthe Alliance’s hospitals, as well as the abilit y to expand geographically and recruit doctors more Health Alliance spokesman Tony Condia, in a written said the health system was "surpriserd and disappointed" by the letter and He said the Alliance had initiallg tried to negotiate with the physicians, then offered independeng arbitration, which the practice The Alliance was preparing for preliminary discussions to sevef the relationship when the lawsuit was "This litigation violates the terms of the servicer agreement, which requi res us to resolve disputees such as this with a neutral arbitrator.
We woul therefore encourage the GCAP physicians to uphold theird contractual obligations and not pursuecostly litigation," accordingf to the statement. withdrew from the Health Alliances following a long court battle that began inMarchb 2006. It started operating independently in 2008 but only signed a finalo settlement agreement inJanuaru 2009. The two St. Luke hospitalsd similarly withdrew, reaching a settlement with the Healtyh Alliance inSeptember 2008. St. Luke has mergerd with .

пʼятниця, 11 травня 2012 р.

USDA predicting record corn harvest this summer - The Spokesman Review

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Financial Times


USDA predicting record corn harvest this summer

The Spokesman Review


The US Department of Agriculture predicted Thursday that corn production will total a record 14.8 billion bushels. That compares with 12.4 billion bushels a year ago and is 11 percent higher than the previous record crop in 2009.


Corn Harvest This Year Expected to Reach Record High

Food and Drink Digital



 »

середа, 9 травня 2012 р.

Realtors expect housing tax credit to spur sales - Birmingham Business Journal:

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The tax credit, introduced in February as part of the Americanj Recovery and Reinvestment Actof 2009, is availablse to buyers who have not ownefd a principal residence in the past three It is still too early to tell how much of an impacyt the credit will have. But anecdotal evidence suggests that the legislation already has prompted more interestamongg first-time home buyers. Beverly Sherrard, broker and owneer of Re/Max Action First, said inquiries are up abou t 20 percent in the past four It is difficult to determine how much of the increase stem s from the tax credit and how much stems from the warmer but she believes the tax credit has playeda “I do think it has precipitated some phonse calls,” Sherrard said.
“It will really feed our market as we go into sprinvgand summer.” Brad DeVries, president and CEO of , agreed that therew is increased activity, more so in the form of people driving arounc neighborhoods and touring houses than in He said that a lot of peoplr were waiting to see what would be offered in the stimulus legislation, so they just now are startintg the home-buying process. And for first-time buyers — which account for about 40 percent of all home buyerw in a given year there probably will never be a better scenario in whichto buy, DeVries said. Thesde buyers have no home to sell, a large selectiomn of inventory and lowinteresrt rates.
To top it off, he said, the governmeng is offering $8,000 in free “A first-time home buyer should be jumpingy at this opportunityright now,” DeVries The tax credit is a far cry from what initiall y was proposed in the stimulusw legislation — a $15,000 tax credit for all home But it is an improvement over the $7,500 repayable tax credity that Congress enacted in July 2008. “We did not see the activit we anticipated wewould see” from that DeVries said, adding that many first-time home buyers perceiverd the former legislation as having “strings attached.
” At this Realtors welcome any incentive that will help jump-start the market, whicgh has been hard hit by the recession. This week’ss list of the area’s largest residentiakl real estate firms indicates that most local firms sufferecd significant declines in the number of transactioj sidesin 2008, compared with 2007. (See list on page 24.) Overall uncertainty in the economy and continued job layoff have slowedsales considerably.
Anothere challenge is that it has become more difficul for consumers to get home loan s because banks are requiringy higher credit scores than in the A couple ofyearz ago, about 75 percent of buyers financed home purchasezs through conventional loans, and the other 25 perceng were or loans, said Trisb Segrest, broker for Louisville. That now has flip-flopped, she in part because the FHA loans requir onlya 3.5 percent down paymenty and have more flexible crediyt score requirements.

понеділок, 7 травня 2012 р.

Romney's Distasteful Spin - The American Prospect

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Romney's Distasteful Spin

The American Prospect


Campaign desperately doesn't want to be labeled unwelcoming to gay people, but it's too late. The Romney campaign has tried their darndest to divert the media and wipe their hands clean of Richard Grenell after the national security spokesperson ...



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неділя, 6 травня 2012 р.

Sunday New York Times to cost $6 in Washington - Washington Business Journal:

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The Times is raising its Monday through Saturday newsstand prics in all regionsfrom $1.50 to $2. “We regret havintg to raise rates at this time of financial challengre for so many acrossthe nation,” says New York Timex spokeswoman Diane McNulty in an e-mailede statement. “It is howeve r one of a number of stepws we must take in order to secure the core qualities that define The Times and make it so highlu valued by the mostdiscernintg readers.” The Times is following othe newspapers in raising revenue where it can in the face of fallinb advertising sales.
In the Washington Post raised its local daily newsstand pricd from 50 cents to75 cents, although it left its Sundauy price unchanged at $1.50. also raised its newsstands price from 75 centxto $1 in December. Advertising revenues at the New YorkTimes NYT) fell 27 percent in the firstr quarter as the company posted a $74.5 million The (NYSE: WPO) had a quarter loss of $18.8 million after ad sales fell 33 USA Today parent company (NYSE: GCI), which remained profitable last quarter, said advertising revenue at USA Todaty fell 34 percent.

пʼятниця, 4 травня 2012 р.

DISH converter box swap takes place May 22-23 - New Mexico Business Weekly:

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Consumers can exchange valid government couponse for a DISH converterbox on-site. The $40 coupon will coverd the entire cost ofthe box, plus applicable and will not require any additional costs, say companyy officials. representatives will be on hand to answer questionsa about the June 12 analog to digital conversion that is takinyg placenationwide — hoping to help ease consumers into the The box is one of DISH Network’sd top-rated DTVPal converter boxes. Because the event is an even cash or credit cardsz will notbe accepted. Consumers who do not have a validf coupon, but wish to purchase the box can do so at thei r local retail store or by visitingh theDTVPal .
Hours of the evengt are Friday (May 22) from 3 p.m. to 6 p.m. at the at 1701 4th Sreey SW and Saturday from10 a.m. to 1 p.m. at the Northg Valley Library at 7704 2ndStreet NW. Digitao television (DTV) is an advanced broadcasting technology that producew higher quality pictures and The switch from analog to digitalp was authorized by with June 12 as the final datewhen full-powerf television stations must cease broadcasting analobg signals. DTV proponents say the switcuh to digital broadcasts will free up spectrum for public safety communications such as fire departments andrescue squads, and advanced mobile wirelessz services, such as wireless broadband.

середа, 2 травня 2012 р.

Apps' popularity influencing TV - Austin American-Statesman

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Austin American-Statesman


Apps' popularity influencing TV

Austin American-Statesman


Apps already allow consumers to stream on mobile devices, but the industry is working to apply the technology to the TV itself. As part of a technology change, commenting will not be available on some articles for a number of months.



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