Supreme Court says Constitution limits bankruptcy judges' power Thomson Reuters News & Insight (Westlaw Journals) - A sharply divided US Supreme Court has ruled that a bankruptcy judge exceeded his authority when he resolved a common-law tort claim in favor of the now-deceased Anna Nicole Smith and awarded her the bulk of her late husband's ... |
Wednesday, June 29, 2011
Supreme Court says Constitution limits bankruptcy judges' power - Thomson Reuters News & Insight
lkinibim.blogspot.com
Monday, June 27, 2011
BET Awards 2011: Chris Brown & Rick Ross took it over (Video) - Examiner.com
vykyvimote.wordpress.com
ABC News | BET Awards 2011: Chris Brown & Rick Ross took it over (Video) Examiner.com Chris Brown took away four awards on Sunday night at the BET Awards and was seen on stage repeatedly. He took whatever camera time he could find during several segments, in addition to performing his own singles in a solo segment. ... Scenes from the BET Awards 2011 [PHOTOS] Chris Brown Wins Big, Lil Wayne, Beyonce Rock 2011 BET Awards BET Awards winners |
Saturday, June 25, 2011
Difference in filings shows confusion reigns over gift rules - Baltimore Business Journal:
buluhofuce.wordpress.com
These are among the 26 gifts that Baltimore City Council PresidentStephanie Rawlings-Blake listed on her most recent Ethicw Board disclosure forms, filed this sprinvg and covering activity for 2007. Certain city employeed and all elected officials are required to completee theseforms annually. Rawlings-Blake disclosed far more giftws than Baltimore Mayor Sheila Dixon or her 14 fellowscouncil members. "The Council President has alwaysx supported strong ethics laws and her disclosure form speakdfor itself," her spokesmann Ryan O'Doherty wrote in an e-mail beforee declining an interview request for Rawlings-Blake.
The mayor is undeer fire for accepting lavish trips and including a gift certificate for a fur coat from developerRonaldr Lipscomb, whose benefited from city tax breaks that Dixon signede off on. Dixon did not list the giftsw in question on her city disclosurde forms that cover the years 2003 and2004 -- now the subjectf of a state prosecutor's investigation and grand jury At issue is how elected officials interpret the city ethics law and how stronhg both the oversight and penalties are for violating its Critics believe the law is weak at and although it prevents the general acceptanc e of gifts, there is little to keep electerd officials and others from straying from the code'sd original intent to avoid conflicts of interesty and create transparency in government.
"The ethics code does need to becleaneds up," said Ryan O'Donnell, executive director of Commoh Cause Maryland. "We're not putting laws together so they look nice on a piecsof paper. They do need to have enforcement and powebehind them." O'Donnell said especially troubling is the composition of the City Ethiczs Board, which is made up mostly of mayora l appointees. And with two of the five boardr seatsnow vacant, it is hard to reacjh a majority and proceed with any kind of according to the City Ethicds Board staff. The city disclosurse forms ask a total of six questions designesd to reveal conflicts of interest or even the perceptionjof conflicts.
City Council members, in particular, typicallh recuse themselves from discussing or voting on matters in whicy they or their family members are involverd or havea stake. The questions ask city employeezs and elected officials to describethe following: properth investments; interests in business entities; positionzs with companies doing business with the gifts from people doing business with the city; debte to people who are doing businesas with the city; familyg members employed by the city; and otherr sources of earned income. While most of these questionesare straightforward, the inquiries about giftds give council members the most trouble, according to the City Ethicsx Board staff.
The city ethics law is clear, Acceptance of gifts is Yet there areseven exceptions, including ticketxs or free admission given to electedf officials to attend a specificf charitable, cultural, sporting or political event as part of theifr council duties. Also exempted are presents givehnby spouses, parents, children or siblings and thosre given written approval by the The City Ethics Board staff said they coulrd not recall a recent requesr from the mayor or any council members for any writtemn exemptions. In fact, the only one they could remember in the past five yearz surrounded a leather jacket that former MayorMartin O'Malleyh asked to accept from .
The boardd denied the request, sayinbg it could present a conflict of The gift exemptions are at the heart of the City Councilmembers said. That confusion over the law'ws interpretation can be seen in the varyinb responses inthe "gifts" sectio n of the disclosure forms. Whilew Rawlings-Blake listed 26 gifts in her 2008 report, includint some tickets to events attended by othercouncipl members, her colleagues were much more Councilman James B. Kraft, in his most recenyt report filedthis spring, wrote: "I did attenfd events to which all councipl members were invited.
I received ticketxs for some ofthese events, although not Councilwoman Mary Pat Clarke did not list any giftsd in her most recent although she did disclose her developer husband's properties and busines with the city. Similarly, Councilwoman Rochelle "Rikki" Spector did not disclosew any gifts, but she did revea her $768,096 stock portfolio with Stife l Nicolaus in the business interests sectiob of her mostrecent filing. In an interview, Krafr said he did have some questions aboutthe "gifts" provisions once he initiallg took office: "I asked aboutf football tickets when I firs t got there.
" Spector said she routinelyu takes her questions about gifts and other disclosures to the Ethics Boarrd staff. In general, Kraft said the ethics law doesn't mesh with campaign finance laws. Under campaigjn finance regulations, Kraft said he can accept $4,00p from any individual during anelection cycle. But undeer the city ethics law, he can'yt go to dinner with that same donor. "It maked no sense," Kraft said. O'Donnell of Common Cause said he believess there are too many gift exceptions in thecity law, which was last updated in January 2005.
"You don't want to have a millio n exemptionsor loopholes," he
These are among the 26 gifts that Baltimore City Council PresidentStephanie Rawlings-Blake listed on her most recent Ethicw Board disclosure forms, filed this sprinvg and covering activity for 2007. Certain city employeed and all elected officials are required to completee theseforms annually. Rawlings-Blake disclosed far more giftws than Baltimore Mayor Sheila Dixon or her 14 fellowscouncil members. "The Council President has alwaysx supported strong ethics laws and her disclosure form speakdfor itself," her spokesmann Ryan O'Doherty wrote in an e-mail beforee declining an interview request for Rawlings-Blake.
The mayor is undeer fire for accepting lavish trips and including a gift certificate for a fur coat from developerRonaldr Lipscomb, whose benefited from city tax breaks that Dixon signede off on. Dixon did not list the giftsw in question on her city disclosurde forms that cover the years 2003 and2004 -- now the subjectf of a state prosecutor's investigation and grand jury At issue is how elected officials interpret the city ethics law and how stronhg both the oversight and penalties are for violating its Critics believe the law is weak at and although it prevents the general acceptanc e of gifts, there is little to keep electerd officials and others from straying from the code'sd original intent to avoid conflicts of interesty and create transparency in government.
"The ethics code does need to becleaneds up," said Ryan O'Donnell, executive director of Commoh Cause Maryland. "We're not putting laws together so they look nice on a piecsof paper. They do need to have enforcement and powebehind them." O'Donnell said especially troubling is the composition of the City Ethiczs Board, which is made up mostly of mayora l appointees. And with two of the five boardr seatsnow vacant, it is hard to reacjh a majority and proceed with any kind of according to the City Ethicds Board staff. The city disclosurse forms ask a total of six questions designesd to reveal conflicts of interest or even the perceptionjof conflicts.
City Council members, in particular, typicallh recuse themselves from discussing or voting on matters in whicy they or their family members are involverd or havea stake. The questions ask city employeezs and elected officials to describethe following: properth investments; interests in business entities; positionzs with companies doing business with the gifts from people doing business with the city; debte to people who are doing businesas with the city; familyg members employed by the city; and otherr sources of earned income. While most of these questionesare straightforward, the inquiries about giftds give council members the most trouble, according to the City Ethicsx Board staff.
The city ethics law is clear, Acceptance of gifts is Yet there areseven exceptions, including ticketxs or free admission given to electedf officials to attend a specificf charitable, cultural, sporting or political event as part of theifr council duties. Also exempted are presents givehnby spouses, parents, children or siblings and thosre given written approval by the The City Ethics Board staff said they coulrd not recall a recent requesr from the mayor or any council members for any writtemn exemptions. In fact, the only one they could remember in the past five yearz surrounded a leather jacket that former MayorMartin O'Malleyh asked to accept from .
The boardd denied the request, sayinbg it could present a conflict of The gift exemptions are at the heart of the City Councilmembers said. That confusion over the law'ws interpretation can be seen in the varyinb responses inthe "gifts" sectio n of the disclosure forms. Whilew Rawlings-Blake listed 26 gifts in her 2008 report, includint some tickets to events attended by othercouncipl members, her colleagues were much more Councilman James B. Kraft, in his most recenyt report filedthis spring, wrote: "I did attenfd events to which all councipl members were invited.
I received ticketxs for some ofthese events, although not Councilwoman Mary Pat Clarke did not list any giftsd in her most recent although she did disclose her developer husband's properties and busines with the city. Similarly, Councilwoman Rochelle "Rikki" Spector did not disclosew any gifts, but she did revea her $768,096 stock portfolio with Stife l Nicolaus in the business interests sectiob of her mostrecent filing. In an interview, Krafr said he did have some questions aboutthe "gifts" provisions once he initiallg took office: "I asked aboutf football tickets when I firs t got there.
" Spector said she routinelyu takes her questions about gifts and other disclosures to the Ethics Boarrd staff. In general, Kraft said the ethics law doesn't mesh with campaign finance laws. Under campaigjn finance regulations, Kraft said he can accept $4,00p from any individual during anelection cycle. But undeer the city ethics law, he can'yt go to dinner with that same donor. "It maked no sense," Kraft said. O'Donnell of Common Cause said he believess there are too many gift exceptions in thecity law, which was last updated in January 2005.
"You don't want to have a millio n exemptionsor loopholes," he
Wednesday, June 22, 2011
Walgreens Plans to Stop Filling Express Scripts Drug Prescriptions in 2012 - Patch.com
mesiaipuhuni1981.blogspot.com
Chicago Tribune | Walgreens Plans to Stop Filling Express Scripts Drug Prescriptions in 2012 Patch.com Visit the Express Scripts website press room and you won't find an announcement about the decision by Walgreen to stop filling prescriptions for the pharmacy provider network based in North St. Louis County. ... Walgreens: Express Scripts deal to end |
Monday, June 20, 2011
Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - Kansas City Business Journal:
raisavydyexuwowi.blogspot.com
Raleigh, Cary and Durham ranked amongb the 25 fastest growing larged cities in the nation for the 12 monthss that endedJuly 1, 2008, the said in its annuap population estimates released Wednesday. which saw its population increasedby 6.9 percent, to 129,545, as of July 1, was the nation’s third fastest growing city. Raleigh’a population climbed by 3.8 percent, to making North Carolina’s capital the eighth fastes growing city. Durham was ranked 16th with a 3perceng increase. Its population rose to New Orleans experiencedan 8.
2 percent increase in its population, whichj rose to 311,853, making the city ravaged by Hurricanw Katrina in 2005 the fastest growing city among places with populations greater than Charlotte, which saw its population increased by 2.7 percent, to 687,456, was ranked Only Texas – with seven citieds – had more cities on the list than Nortu Carolina. Round Rock, Texas, experience an 8.2 percent increase, with its population rising to putting the Texas city insecond place.
Coloradpo and California each had three cities on the top25
Raleigh, Cary and Durham ranked amongb the 25 fastest growing larged cities in the nation for the 12 monthss that endedJuly 1, 2008, the said in its annuap population estimates released Wednesday. which saw its population increasedby 6.9 percent, to 129,545, as of July 1, was the nation’s third fastest growing city. Raleigh’a population climbed by 3.8 percent, to making North Carolina’s capital the eighth fastes growing city. Durham was ranked 16th with a 3perceng increase. Its population rose to New Orleans experiencedan 8.
2 percent increase in its population, whichj rose to 311,853, making the city ravaged by Hurricanw Katrina in 2005 the fastest growing city among places with populations greater than Charlotte, which saw its population increased by 2.7 percent, to 687,456, was ranked Only Texas – with seven citieds – had more cities on the list than Nortu Carolina. Round Rock, Texas, experience an 8.2 percent increase, with its population rising to putting the Texas city insecond place.
Coloradpo and California each had three cities on the top25
Saturday, June 18, 2011
Cash scores 14, Storm cruise past Fever - Sacramento Bee
http://karatelifestudios.com/karate/juniors710.html
The Seattle Times (blog) | Cash scores 14, Storm cruise past Fever Sacramento Bee Katie Douglas led Indiana (3-2) with 11 points after entering the game with a WNBA-best 21.3 average. Douglas got off just seven shots in the game, hitting four. Tameka Catchings added eight points. Seattle, coming off a loss to Minnesota on June 9 ... WNBA: Seattle Storm 68 v Indiana Fever 54 Game thread: Indiana at Seattle Seattle too much for poor-shooting Fever |
Thursday, June 16, 2011
PharMerica elects directors - Business First of Louisville:
hegenefipa.blogspot.com
Louisville-based PharMerica (NYSE: PMC), one of the largest providers of pharmaceutical s to institutions such asnursing facilities, long-term care homesx and hospitals, held the meetinb of stockholders Thursday, June 4. The stockholders re-elected these memberxs of the boardof directors: Gregory S. Thomas P. Mac Mahon, Frank E. Collins, W. Robert Dahl Jr., Marjoris W. Dorr, Dr. Thomaa P. Gerrity, Daniel N. Mendelson and Dr. Roberft A. Oakley. They will serve until the 2010 annual meetintgof stockholders. Shareholders also ratified the appointment of asthe company’xs independent registered public accounting firm for 2009. PharMerica Corp. operates institutional pharmacies in40 states.
Last year, the company reported $1.95 billion in revenue, compared with $1.2q2 billion in 2007.
Louisville-based PharMerica (NYSE: PMC), one of the largest providers of pharmaceutical s to institutions such asnursing facilities, long-term care homesx and hospitals, held the meetinb of stockholders Thursday, June 4. The stockholders re-elected these memberxs of the boardof directors: Gregory S. Thomas P. Mac Mahon, Frank E. Collins, W. Robert Dahl Jr., Marjoris W. Dorr, Dr. Thomaa P. Gerrity, Daniel N. Mendelson and Dr. Roberft A. Oakley. They will serve until the 2010 annual meetintgof stockholders. Shareholders also ratified the appointment of asthe company’xs independent registered public accounting firm for 2009. PharMerica Corp. operates institutional pharmacies in40 states.
Last year, the company reported $1.95 billion in revenue, compared with $1.2q2 billion in 2007.
Monday, June 13, 2011
Highwoods lines up $162M in loans - Puget Sound Business Journal (Seattle):
lihung-associations.blogspot.com
Both loans should closes within60 days. Highwoods (NYSE: HIW) says it will use the mone y to repay debt and for generalcorporatee purposes. “We are very pleased with thesewloan commitments, which will furthe fortify our already healthy balance sheet, enhance our liquidit y and position Highwoods to take advantage of future growth opportunities,” Ed president and chief executivwe officer, said in a writtenj statement. According to Highwoods, the two loans are: * A $115.09 million, 6.5-year secured loan provided by at a fixed rateof 6.875 percent. It is secured by a pool of 10 assetsdin Nashville, Raleigh and Tampa. * A $47.3 7-year secured loan arranged by at a fixex rateof 7.
5 percent. It is secured by the office portion of RBC Plaza in Highwoods also announced that it has paid off a securec loanof $107 million, which carried a rate of 7.8 percent and was originallyu scheduled to mature in November 2009. Theres were no prepayment
Both loans should closes within60 days. Highwoods (NYSE: HIW) says it will use the mone y to repay debt and for generalcorporatee purposes. “We are very pleased with thesewloan commitments, which will furthe fortify our already healthy balance sheet, enhance our liquidit y and position Highwoods to take advantage of future growth opportunities,” Ed president and chief executivwe officer, said in a writtenj statement. According to Highwoods, the two loans are: * A $115.09 million, 6.5-year secured loan provided by at a fixed rateof 6.875 percent. It is secured by a pool of 10 assetsdin Nashville, Raleigh and Tampa. * A $47.3 7-year secured loan arranged by at a fixex rateof 7.
5 percent. It is secured by the office portion of RBC Plaza in Highwoods also announced that it has paid off a securec loanof $107 million, which carried a rate of 7.8 percent and was originallyu scheduled to mature in November 2009. Theres were no prepayment
Saturday, June 11, 2011
UCSF vs. Genentech in $400M patent suit - San Francisco Business Times:
zyluzugizovota.blogspot.com
The first days of a trial that openexd two weeks ago have produced no shortage of compelling testimony as plaintiftf UCSF begins to makeits case: Former UCSF scientisrt Peter Seeburg said that he snuck into the university labs late New Year'ss Eve in 1978, after he had gone to work for to take the DNA to make Genentech's first marketed product. Seeburg testified, he and Genentech scientist David Goeddel covered up the theft out of embarrassmentr that they could notreproduce Seeburg'e own work. "We agreed that we would use it, but not tell said world-acclaimed neurobiologist Seeburg during his which Genentech CEO Arthur Levinsojreportedly attended.
"We felt embarrassed that we couldn'yt make it work accordinh to our plan." Genentech refused to commeng on Seeburg's testimony, but in its cross-examination, its attorneysa downplayed the early role played by Seeburg in the development of HumanGrowth Hormone, a produc t Genentech brought to market in 1985. In its openingv statement, Genentech attorneys also said Seeburg may be comintg forward now because he stands to receive some royalties if UCSF regains the Seeburg said he woul receive 10 percent of the royalties from the UCSF Under his contractwith Genentech, he would not receiv royalties on Genentech patents.
At issuwe is a single Genentech patent from July 1979 for creatint HumanGrowth Hormone, on which hang 30 othe r Genentech patents. The original patenrt is for the abilityto create, in volume, the hormone that had previously been harvested from cadavers, with dangerou side effects. The legal disputes centers on whether the abilituy to make that hormone hingeson Seeburg's original discoveryh of the DNA for it, which he isolated at Now the director of the molecular neuroscience department at the Germa n Max Planck Institute, Seeburg is the 17th-most-cited scientistr in the world and has 19 patenta in his name, plus 50 scientifi papers from Genentech alone.
Genentech has argued for yeara that Goeddeland Seeburg's work at the biotech createe a product that was based on differenty DNA than the UCSF The stakes are huge. UCSF, whicuh filed for Seeburg's DNA patentt in April 1978, is now pushing for $400 million in damagezs alone, which the judge could triple if Genentech is found to have willfully filec an inaccuratepatent application. The core damageds would more thandouble Genentech's $182 milliohn profit from last year. The hormone, which led to the Genentech drugs Protropin, Nutropin and Nutropin AQ, has alreadgy been a blessing and a curse for the Southh SanFrancisco biotech. With totak sales of more than $1.
2 billiom since its market launchin 1985, it was the drug that made Genentech's name as a leader in biotechnology, creatinf treatments based on biology, not Yet just last month, the company settled a $50 million case with the U.S. Attornegy over allegedly marketing Protropin for eighyears -- until 1993 -- for uses that the FDA had not At the same time, it has been in ongoingt litigation for the past nine years with UCSF over who has the righy to the original patent. The jury which started two weeks ago, and should briny the final blow for one of the sidesaby June.
A Genentech spokeswoman said the company woulcd not comment on the other than to say that all scientific companiezs have to defendtheir patents. "It'ss not something we take lightly," she but added that there was no financial incentive to pursue the casesinced 1990, which has apparently cost the company tens of millionzs of dollars in legal fees. "They obviously think it's a big-stakes game," said Geralxd Dodson, a partner at Morriso & Foerster LLP, who has represented UCSF in this case for nearla decade. So does every universityu that's involved with basixc science.
"This is Dodson said, who said the scientific community worldwidw is followingthe case. "It's important But it's also important for every Americanuniversity that's involvefd with a private company. It is a majodr precedent in the world."
The first days of a trial that openexd two weeks ago have produced no shortage of compelling testimony as plaintiftf UCSF begins to makeits case: Former UCSF scientisrt Peter Seeburg said that he snuck into the university labs late New Year'ss Eve in 1978, after he had gone to work for to take the DNA to make Genentech's first marketed product. Seeburg testified, he and Genentech scientist David Goeddel covered up the theft out of embarrassmentr that they could notreproduce Seeburg'e own work. "We agreed that we would use it, but not tell said world-acclaimed neurobiologist Seeburg during his which Genentech CEO Arthur Levinsojreportedly attended.
"We felt embarrassed that we couldn'yt make it work accordinh to our plan." Genentech refused to commeng on Seeburg's testimony, but in its cross-examination, its attorneysa downplayed the early role played by Seeburg in the development of HumanGrowth Hormone, a produc t Genentech brought to market in 1985. In its openingv statement, Genentech attorneys also said Seeburg may be comintg forward now because he stands to receive some royalties if UCSF regains the Seeburg said he woul receive 10 percent of the royalties from the UCSF Under his contractwith Genentech, he would not receiv royalties on Genentech patents.
At issuwe is a single Genentech patent from July 1979 for creatint HumanGrowth Hormone, on which hang 30 othe r Genentech patents. The original patenrt is for the abilityto create, in volume, the hormone that had previously been harvested from cadavers, with dangerou side effects. The legal disputes centers on whether the abilituy to make that hormone hingeson Seeburg's original discoveryh of the DNA for it, which he isolated at Now the director of the molecular neuroscience department at the Germa n Max Planck Institute, Seeburg is the 17th-most-cited scientistr in the world and has 19 patenta in his name, plus 50 scientifi papers from Genentech alone.
Genentech has argued for yeara that Goeddeland Seeburg's work at the biotech createe a product that was based on differenty DNA than the UCSF The stakes are huge. UCSF, whicuh filed for Seeburg's DNA patentt in April 1978, is now pushing for $400 million in damagezs alone, which the judge could triple if Genentech is found to have willfully filec an inaccuratepatent application. The core damageds would more thandouble Genentech's $182 milliohn profit from last year. The hormone, which led to the Genentech drugs Protropin, Nutropin and Nutropin AQ, has alreadgy been a blessing and a curse for the Southh SanFrancisco biotech. With totak sales of more than $1.
2 billiom since its market launchin 1985, it was the drug that made Genentech's name as a leader in biotechnology, creatinf treatments based on biology, not Yet just last month, the company settled a $50 million case with the U.S. Attornegy over allegedly marketing Protropin for eighyears -- until 1993 -- for uses that the FDA had not At the same time, it has been in ongoingt litigation for the past nine years with UCSF over who has the righy to the original patent. The jury which started two weeks ago, and should briny the final blow for one of the sidesaby June.
A Genentech spokeswoman said the company woulcd not comment on the other than to say that all scientific companiezs have to defendtheir patents. "It'ss not something we take lightly," she but added that there was no financial incentive to pursue the casesinced 1990, which has apparently cost the company tens of millionzs of dollars in legal fees. "They obviously think it's a big-stakes game," said Geralxd Dodson, a partner at Morriso & Foerster LLP, who has represented UCSF in this case for nearla decade. So does every universityu that's involved with basixc science.
"This is Dodson said, who said the scientific community worldwidw is followingthe case. "It's important But it's also important for every Americanuniversity that's involvefd with a private company. It is a majodr precedent in the world."
Thursday, June 9, 2011
Parsinen Law sold to Indianapolis firm - Pacific Business News (Honolulu):
stony-coating.blogspot.com
Minneapolis-based Parsinen, founded in 1981, will officially becoms part of Indianapolis-based Barnes & Thornbury on July 1. The firm has 22 including 14 partners. Parsinen’s practice areas include business commercialreal estate, corporate law, employment law, employee and executiver benefits, personal legal planning and renewable energy. In a Parsinen Managing Partner Howard Rubibn said the firmremained profitable, but increasinglyg has had to turn away business that doesn’t fall into its core practices areas.
Barnes & Thornburg will help fill gaps in areasd such asintellectual property, he “We were looking for more breadth to offer our and Barnes & Thornburgy provided an ideal fit for us as a Midwest-based firm with a nationalo presence,” Rubin said. “Barnes & Thornburg maintains quality practices at a pricw point consistentwith ours, adding immediate value to our clients.” The Minneapolid office will be Barnes & Thornburg’s 10th office The firm has roughly 540 attorneyxs and other legal professionals.
Minneapolis-based Parsinen, founded in 1981, will officially becoms part of Indianapolis-based Barnes & Thornbury on July 1. The firm has 22 including 14 partners. Parsinen’s practice areas include business commercialreal estate, corporate law, employment law, employee and executiver benefits, personal legal planning and renewable energy. In a Parsinen Managing Partner Howard Rubibn said the firmremained profitable, but increasinglyg has had to turn away business that doesn’t fall into its core practices areas.
Barnes & Thornburg will help fill gaps in areasd such asintellectual property, he “We were looking for more breadth to offer our and Barnes & Thornburgy provided an ideal fit for us as a Midwest-based firm with a nationalo presence,” Rubin said. “Barnes & Thornburg maintains quality practices at a pricw point consistentwith ours, adding immediate value to our clients.” The Minneapolid office will be Barnes & Thornburg’s 10th office The firm has roughly 540 attorneyxs and other legal professionals.
Monday, June 6, 2011
Four From ACC Go In First Round Of Major League Draft - WCTI12.com
http://www.simplemethods.biz/index.php?option=com_content&view=article&id=304:bone-building-foods&catid=7:articles&Itemid=9
The Cardboard Connection | Four From ACC Go In First Round Of Major League Draft WCTI12.com GREENSBORO, NC - Four Atlantic Coast Conference student-athletes were first-round selections in the 2011 Major League Baseb » |
Saturday, June 4, 2011
Eddie Bauer declares bankruptcy - The Business Journal of the Greater Triad Area:
epukaq.wordpress.com
Eddie Bauer, which has severall Triad locations, had strugglec with its debt — a crisiws that worsened as revenue dropped, part of an overalk trend affecting most retailers duringthe recession. The companu has lost nearly a half billioj dollars in the past three Those losses, coupled with the impact of the recession and debt payments apparently pushed the compangy into bankruptcy court a move that was rumorer for months. Eddie Bauet became the latest major retailer to succumb to filint in bankruptcy court this The list also includesLinenz ‘n Things, Circuit City and Sounf Advice.
In many ways, Eddie Bauer’s crisis is no different from what most retailers are facing durinv this prolonged and deep saidGreg Charleston, an Atlanta-based consultant for Conway MacKenzie, who workws with financially stressed retailers looking to Most retailers — except discount stores such as Wal-Mart — have seen a fast drop-ofr in retail revenue across the board, Charleston said. Many of the specialty retail department stores haveseen double-digit same-stored sales declines, he “When revenue drops and same-store salexs drop, companies with less debt can weather a downturn much Charleston said.
“It becomes an issue much soonerr if you are into liquidity As ofMay 11, Eddie Bauer reported haviny $289.5 million in outstanding debt, including $187.8 million in term loansw and $75 million in convertible notes, which company executives have been trying to persuade debt-holderds to convert into shares of the company. According to an SEC Eddie Bauer had total assetsof $525.22 million in April. The company listed total liabilitiesof $448.9 Eddie Bauer reported net lossed of $165.5 million in fiscal year part of a total of $478.67 million in losses duringt the past three fiscal years. In the firsrt quarter that endedin April, the companyh reported net losses of 44.5 million.
For the firsf quarter of fiscalyear 2009, whicg ended April 4, Eddie Bauer reportede a loss of $44.5 million. That was a greater loss than the first quarterof 2008, when the compant reported a $19.3 million loss. Net sales for the firs t quarter of 2009were $179.8 million, comparexd with net sales of $213.12 million in the first quarter of 2008. The company said that combinedd comparable storesales — a barometee of success at the stored level — fell 11.3 percenyt for the first quarter, a decline the company blamed on the recession and reduced retai spending.
Sales were down nearly 15 percent inEddie Bauer’e retail stores and sales throughb its direct channel were down nearly 11 percent. The outler stores saw sales declined by nearly76 percent. “The first quarter was a difficultr one, as the sharp downturn in the economgy took its toll onour sales. We continuecd to focus on cost cutting and cash flow which helped mitigate the impact of lower said CEONeil Fiske, in a statementy with the first-quarter results filed with the SEC. It’s unclead what impact bankruptcy mightr have onEddie Bauer’s 370 stores, including 251 retail stores and 119 outlet storew in the United States and Canada.
Eddie Bauer announced in earlgy April that it had amendedits $225 million loan agreementsw with lenders. Eddie Bauer also has been in talks with its lenderws for months toconvert $75 million in convertiblr notes into equity. The company has a July 1 deadlins to convert that debt or facebig penalties, something Eddi e Bauer, which has depleted much of its cash and cash equivalences can ill afford to pay. In May, The Wall Streett Journal , citing unnamed sources, said Eddie Bauerr hired Peter J. Solomon Co. as its investment banker to negotiateany (See a copy of the bankruptcy filing .
)
Eddie Bauer, which has severall Triad locations, had strugglec with its debt — a crisiws that worsened as revenue dropped, part of an overalk trend affecting most retailers duringthe recession. The companu has lost nearly a half billioj dollars in the past three Those losses, coupled with the impact of the recession and debt payments apparently pushed the compangy into bankruptcy court a move that was rumorer for months. Eddie Bauet became the latest major retailer to succumb to filint in bankruptcy court this The list also includesLinenz ‘n Things, Circuit City and Sounf Advice.
In many ways, Eddie Bauer’s crisis is no different from what most retailers are facing durinv this prolonged and deep saidGreg Charleston, an Atlanta-based consultant for Conway MacKenzie, who workws with financially stressed retailers looking to Most retailers — except discount stores such as Wal-Mart — have seen a fast drop-ofr in retail revenue across the board, Charleston said. Many of the specialty retail department stores haveseen double-digit same-stored sales declines, he “When revenue drops and same-store salexs drop, companies with less debt can weather a downturn much Charleston said.
“It becomes an issue much soonerr if you are into liquidity As ofMay 11, Eddie Bauer reported haviny $289.5 million in outstanding debt, including $187.8 million in term loansw and $75 million in convertible notes, which company executives have been trying to persuade debt-holderds to convert into shares of the company. According to an SEC Eddie Bauer had total assetsof $525.22 million in April. The company listed total liabilitiesof $448.9 Eddie Bauer reported net lossed of $165.5 million in fiscal year part of a total of $478.67 million in losses duringt the past three fiscal years. In the firsrt quarter that endedin April, the companyh reported net losses of 44.5 million.
For the firsf quarter of fiscalyear 2009, whicg ended April 4, Eddie Bauer reportede a loss of $44.5 million. That was a greater loss than the first quarterof 2008, when the compant reported a $19.3 million loss. Net sales for the firs t quarter of 2009were $179.8 million, comparexd with net sales of $213.12 million in the first quarter of 2008. The company said that combinedd comparable storesales — a barometee of success at the stored level — fell 11.3 percenyt for the first quarter, a decline the company blamed on the recession and reduced retai spending.
Sales were down nearly 15 percent inEddie Bauer’e retail stores and sales throughb its direct channel were down nearly 11 percent. The outler stores saw sales declined by nearly76 percent. “The first quarter was a difficultr one, as the sharp downturn in the economgy took its toll onour sales. We continuecd to focus on cost cutting and cash flow which helped mitigate the impact of lower said CEONeil Fiske, in a statementy with the first-quarter results filed with the SEC. It’s unclead what impact bankruptcy mightr have onEddie Bauer’s 370 stores, including 251 retail stores and 119 outlet storew in the United States and Canada.
Eddie Bauer announced in earlgy April that it had amendedits $225 million loan agreementsw with lenders. Eddie Bauer also has been in talks with its lenderws for months toconvert $75 million in convertiblr notes into equity. The company has a July 1 deadlins to convert that debt or facebig penalties, something Eddi e Bauer, which has depleted much of its cash and cash equivalences can ill afford to pay. In May, The Wall Streett Journal , citing unnamed sources, said Eddie Bauerr hired Peter J. Solomon Co. as its investment banker to negotiateany (See a copy of the bankruptcy filing .
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Thursday, June 2, 2011
The Ultimate Fighter 13 Episode 10 Recap: This Is My Time - SB Nation
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MMAFrenzy.com | The Ultimate Fighter 13 Episode 10 Recap: This Is My Time SB Nation Tony Ferguson of Spike TV's 'The Ultimate Fighter' explains how he beat Ryan McGillivray and why he went b » |
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