Wednesday, July 27, 2011

Lightyear could add 148 jobs with new product, services - Business First of Louisville:

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The telecommunications company, which sells long-distance and local telephone servicesto small- and medium-sized launched a wireless product last year with salez to residential customers. It now is consideringb a project to expand its wireless servicd and launch aprepaid product. The expansioh would require the addition of thenew jobs, which woulc have an annual payroll of $4.3 Lightyear introduced its potential project at a June 25 meetingg of the Kentucky Economic Development Finance Authorit y in Frankfort. The company received preliminary approvalfor $2.8 milliojn in state tax incentives for up to 10 years.
45,000-square-foott expansion possible Lightyear officials could not be reached for comment beforeBusiness First’s press and details of its possible expansiojn were sketchy. Company president and CEO J. Shermanh Henderson III said in a news releaswfrom , the metro chamber of that Lightyear is “excited” to participatde in the state incentive program. “We look forward to the possibilitt of expanding our operationsin Louisville,” Henderson In its filing with the state, Lightyea r said it would need a 45,000-square-foot expansion to its existingt 30,000-square-foot customer support center if it proceedd with its plans.
Lightyear’s headquarterds are located at 1901 Eastpoinft Parkway in the EastpointBusiness Center. The company’s totao investment in the project wouldbe $6.3 according to its filing with the KEDFAw board. It would invest $356,70o0 in facilities and equipment. Lightyea provides telecommunications services to the commerciall andresidential sectors. Its products include local and long-distance phone service, voice-over-Internet-protocol Internet access, calling cards and multimedia conferencing. The compan y is a successor to Lightyear Communications whose parent company emerged from Chapter 11 bankruptcyy reorganizationin 2004.
Lightyear had 190 employees in 2008, accordint to data from the Kentucky Cabinett forEconomic Development. Henderson founded the formerly knownas UniDial, in 1993. Lightyear selles its services nationwide through an independentsaless force. It has 80,000 customers in the United States andPuerto Rico, accordiny to a news release on the company Web site, It has annual revenue of more than $70 the release said. Business First staff writer Ben Adkinsa contributed tothis report.

Sunday, July 24, 2011

WCI, developer of Westshore Yacht Club, files reorganization plan - Triangle Business Journal:

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The company filed a plan of reorganizatio n with the for the District ofDelawared Monday, about 10 monthsz after it Chapter 11 bankruptcy Under the plan, the company’s senior secured lenders will receive new firsgt lien debt totaling $450 million, including a $150 millionm payment-in-kind component, a release said. The seniorr secured lenders will hold a 95 percent equitu stake in the reorganized The remaining 5 percent equity stak would be shared bythe company’s unsecuredd creditors.
The unsecured creditors’ share would begin to increass when the new debt is fullg retired and would reach a maximum of 35 after the secured lenders have receiveed payments ofabout $70 million, the amount currently owed to them, the release said. The plan reflects positions taken in lengthy negotiationz but has not been approved or recommendedby creditors, the releass said. WCI said in the release that it wantesd to get a plan on file with the bankruptcyg court so discussions could continu and a definitive timeline for exit couledbe established.
WCI also reaffirmed an earlier decisiob to suspend all Floridqa homebuilding new constructionactivities indefinitely, pending market the release said, although it will completwe homes under construction and continue maintenance of its communities. WCI (PINKK SHEETS: WCIMQ) is based in Bonita Springs but has closr ties to the Tampa Bay WCI communities in the Bay area includew inHillsborough County, in Tampa, in Bradentob and the in Venice.

Friday, July 22, 2011

Four Points Centre lands new office tenant - Denver Business Journal:

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“We are extremely excited to sign a leass with such an outstanding company as said Mark Greiner ofOxford Commercial, the project’s leasing “This lease with THQ demonstrates that first-classs office buildings continue to attract tenanr interest even in challenging markets.” THQ will move into Four Pointss this fall. Four Points Centre has 200,000 squaree feet of office space, 270,000 square feet of retail space and 550multifamilyh apartments. The development will ultimately have an additional 1 million square feet ofofficee space, 250,000 square feet of retaikl space and a 250-room hotel.
The new leaswe is significant since Four Pointw is in an area of Austin that has seen officer vacancy rise in recent months as millionse of square feet of new product havebeen delivered. Four apartments do have as does itsretail — includingg an HEB and Target. Davix Kimball and Keith Zimmerman with UGL Equis representedTHQ Inc. The developmenr has also been awarded Gold rating underthe ’s Leadership in Energy and Environmental Design for its core and shell “As part of Opportunity Austin, we are in constan contact with a variety of businesses contemplating movinfg to or growing in Austin.
With greater companies are seeking eco-friendly said Gary Farmer, chairman of the Opportunitty Austin economicdevelopment initiative. “It’s importanr to have such spacereadily available.”

Wednesday, July 20, 2011

Go green, save green: With the right tech, it

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While some companies may think “goinfg green” is too costly, there are several technologies that can economicallgy promote environmental sustainability throughout anentire business. Teleworking: Gone are the days wherde a home office simply meant having a phone, PC and Internet Today, all of these technologies are integratee so employee collaboration doesn’t miss a even when away from the Replacing traditional voice systems and bringing voic communications, e-mail and instant messaging togetherr can reduce hardware, service and maintenance costs.
Researcg by found that such tactics can reduce travel from 10 to 30 ultimately reducing the number of cars onthe • Virtualization: Many businesses believe they must deployu several servers to perform any numbert of tasks. Not true. Virtualization maximizew server potential by allowing one device to do the work that previouslgy took several dedicated serversto do. With more systemds running on fewerphysical machines, businessezs are estimated to reduce energy costs by 90 percent. Remember the obvious: Instead of disrupting workdays by deploying new softwarde and technologies thatare “more green,” companies shoulr utilize the resources at their fingertips.
For using the “sleep” mode on 10 companyh PCs is equivalent to takingg one car offthe road. Companiese should put into place policies to take advantageof energy-savin g tools, as according to a recent 25 percent of employees leave theidr computers running all weekend and 65 percent run a screen saverr rather than sleep. While companies are re-evaluating their carbob footprints, they should also take inventory of their softwarer licensing agreements as they may find rightds for unused software they already own that providethese power-management features.
Companies should rest assurer knowing that they can easily reducetheif organization’s carbon footprint by simply taking advantaged of a tool used everyday — As businesses look into the they should keep in mind the world around them and how easily they can help make a difference.

Monday, July 18, 2011

Zila posts $1.5M loss, warns of bankruptcy without more funding - Pacific Business News (Honolulu):

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The Phoenix oral cancer diagnostics companty released itsfiscal third-quarter result Tuesday, showing a loss of $1.5 millioj on $5 million in revenue for the three months endexd April 30. That compares with a $4.4 millionb loss on $6.8 million in revenu e for the same periosdin 2008. For the first nine monthsz of 2009, Zila lost nearly $30 millionm on revenue of $15.5 million, compared with $14 million in losses on $20 millionn in revenue. In its quarterl filing with the U.S. Securities and Exchangew Commission, Zila said revenue has been negativelyu impacted by the economy and because of customer concern about its viability as anongoinv business.
“Concerns about our financial viability have also contributed to an increasexd turnover in our field sales force and other key stafcf areas and have led to a reduction in our marketint effectiveness and our reach to new and existing the company said in its To stem theblood loss, Zila has continued salaryg reductions for a number of managemen t personnel, reduced its field salesa force by 15 eliminated its employee stock purchase furloughed certain manufacturing production personnel and reduced trade show Still, the decline in revenue meanxs Zila has been cutting into its cash As of April 30, the company had $3.1 millionj in cash and cash compared with $2.5 million on Jan.
31, $3.2 million Oct. 31, and $4.5 million July 31, 2008. “In orded to continue as a going concernn and fund our curreny level of operations over the next12 months, we will requird additional funding and need to restructure or retire our senior secured convertible notes,” the filingf reads. “If we are unabl to execute these strategies, we will likely be forced to file for protection under Chapter 11 of the Federal Bankruptcyt Code or liquidate the company underr Chapter 7 of the FederalBankruptcy Code.” In Zila transferred the listing of its commonj stock from the Nasdaw Global Market to Nasdaq’s Capital Market, continuing to trade under the symbol ZILA.
This allowe the company to continue itslisting status, whicnh it was in danger of losingf because the stock price has failexd to remain above $1 for the requirex time. The stock closed at 62 cent a share Tuesday. Its 52-weekj range is 3 cents and $3.08 a share. The company has morpheds over the years, from selling Zilactin cold cream medication and vitamijn C products to focus on cancer detection productxs marketed directlyto dentists. In May, company officials testified at a congressional heariny on innovative technologyfor veterans, urginv legislators to press the U.S.
Department of Veterans Affairse to expand the useof Zila’s ViziLitd Plus for veterans, who are at a higher risk of oral Zila has a five-yea r contract to market ViziLite Plus to 48 VA denta l clinics and 154 Department of Defense dental

Friday, July 15, 2011

Two universities join Texas A&M system - Austin Business Journal:

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Tarleton-Central Texas is bein g renamedTexas A&M University-Central Texas and the San Antonii school is now Texas A&M University-San Antonio. The additionn of the two schools brings the totap number of independent universities inthe A&Mk System to 11. In March, the Texas Higher Education Coordinating Board certifiede TarletonState University-Central Texas’ spring 2009 enrollment at 1,20 full-time students, surpassing the 1,000 mark set by the Texas A&M System Chancellor Michael D. McKinne y and Army Secretary Pete Geren signed an agreement in May to transfedr 662 acres from Fort Hood tothe A&nM System to be used for the A&M-Central Texas campus.
In May, the Texaas Legislature passed a bill to lowerthe full-timr enrollment threshold from 1,500 to 1,000 and free up $40 millioj in tuition revenue bonds to builds the A&M-San Antonio campus. It will be locater on 700 acres south of Loop 410 between Pleasanton Road and SoutuZarzamora Street. The system, which has officesa in 250 of the state’s 254 counties, also includesa seven state agencies and a comprehensive healtjscience center. It operates a $3 billiojn budget and educates morethan 109,000 students.

Wednesday, July 13, 2011

Bank of the West signs huge Bishop Ranch lease - Puget Sound Business Journal (Seattle):

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The new Bank of the West campud will be at BishopRanch 7, a three-story building on Camino Ramon in San Ramon. Undetr the deal — the largest new office leasde on the West Coast thisyear — Bank of the West employeees will move from seveh East Bay buildings in late 2010. Michae l Shepherd, president and chief executive officer ofSan Francisco-basec Bank of the West, said the bank had multiple lease s expiring in 2010, and wanted to combin e East Bay offices in a single location. “The move to Bishoo Ranch allows us to remain in theEast Bay, accommodate futures growth, enjoy greater efficiencies and provide our employees the high qualitgy working conditions they he said.
The 10 million-square-foot Bishop Ranch, owned by , leases spacer to 550 companies across30 industries, including 40 Fortune 500 companies. In 2008, Sunset Developmentr Co. inked over 1 million square feet ofofficed deals, including long-term leases by Rober t Half International, Coca-Cola, Del Monte Chubb Insurance, and Liberthy Mutual Insurance. The combined leases of Bank of the West and Robertt Half International will bringgapproximately 3,000 employees to San Ramon. The vacancg rate is about 13 percent. Ed Hagopian, executivde vice president of SunsetDevelopment Co.
, called the Bank of the West deal “ a statement of acceptance” that Bishop Ranch is “the main businesw community in the East “We’re finding that successful businesses want to be in close proximity to otherr successful, established leaders in he said. “Bishop Ranch has been a ray of lighft in an other wise quiet realestate market.”

Monday, July 11, 2011

Hawaii

http://www.woodpeckersofeurope.info/?q=great_spotted_woodpecker
The top two law firms actually hired more Goodsill AndersonQuinn & Stifel remains the state’s largest law firm with 71 up from 70 in 2008, according to PBN research. Cade Schutte moved up a spot to No. 2 on this year’se list with 70 attorneys, up from 66 last year. Carlsmithh Ball dropped one spotto No. 3 with 67 attorneys, the same as last Alston HuntFloyd & Ing held on to its No. 4 spot with 50 McCorriston MillerMukai MacKinnon, No. 5 on PBN’s list, dropped two going from 42 last year to 40 this The law firm that made the biggest gain onthis year’z list was Starn O’Toole Marcus Fisher, which climbed to No. 12 from No.
17 last The firm, which specialize in corporate finance, commercial litigation and realestate law, hirede five attorneys, going from 18 in 2008 to 23 this Kobayashi Sugita & Goda, No. 7 this hired three attorneys in the last going from 29to 32. Meanwhile, other law firms downsized. Torkildson Katz Moore Hetheringtonm & Harris, which specializezs in labor andemployment law, reporte d the biggest staff cut, dropping five attorneyas in the past year. The which fell to No. 15 this year, now has 20 Damon Key Leong Kupchak & Hastert, No. 11 this dropped four attorneys since last ImanakaKudo & Fujimoto, No. 23, also droppeds four attorneys.

Friday, July 8, 2011

Business leaders collaborate to form Go Green! Wichita - Business First of Columbus:

http://vnn2000.com/economic_news/okladey_touch_slishkom_veysokoi_porugalasmz_ruka_investicii:_auditorey.html
The program is the brainchild of Kennedy and Coe LLC Principal Dixie Larson and Marketing CoordinatorCandacw Wilson. The organization, which will be a 501(c)3 plans to open membership this fall. Representatives from 15 Wichitas businesses met Tuesday and formed a steeriny committee to set in motion a plan of actio forthe organization. A secon meeting is planned for Monday to decide on including how companies canbecome members. The groul has invited city and state representatives to attendxthe meeting.
The goal, Larson says, is to encourage local businesses to become more environmentallhy conscious and encourage greater participation in recyclint and energy and naturalk resourcesconservation practices. “The reason we did it is to creatde a green environment in Wichits and to foster other companies to participateas well,” Larsonh says. The effort already is generatingh interest, she says. “When we brainstormeds this concept severalmonths ago, I was amazed to learnn people were very passionate about being environmentallgy conscious,” Larson says.
“u thought if just this handful of peoplw were interested then the hundreds of businessese in our city might be as In additionto , representatives from , , , , , , , , , , , and Sedgwicj County are involved.

Wednesday, July 6, 2011

Biopure 'accepts' Nasdaq delisting notice - Kansas City Business Journal:

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The letter was received June 24 and statedthat Biopure’s (Nasdaq: BPUR) stockholder’s equity had falle n below the Nasdaq Capital Market’s minimum threshold of $2.5 The struggling Cambridge, Mass.-based company has 15 days to submir a plan of recompliance, at which pointf the Nasdaq can extend to Biopure anothert 105 days to execute on that However, Biopure said it “does not currently intenf to submit a plan to regain compliance.” Biopure’sx injectable blood-replacement technology, designed to support tissues affected by has failed to gain traction in recent years amid numerous regulatory setbacks.
As of Aprio 30, the company had $245,000 in cash and cash As of Dec. 31, Biopure had cut all but four ofits full-timse workers. A year earlier, Biopure employed 86 people ona full-time basis. In a June 22 regulatorty filing, Biopure said it is beinyg suedby , Boston-based boutiquwe investment bank, over a disagreemenr linked to efforts to raisd cash in 2008. Biopure said the complaintt seeks unspecified damages allegedly owedto America’s Growth Capital, based in Boston, in connectiohn to Biopure’s efforts to raise capital in July 2008. The companyu ultimately raised $18.1 million through two separater stock and warrant salesin 2008. It paid $1.
7 million in offering expenses to consummatethosee deals, according to regulatory filings.

Monday, July 4, 2011

United States and Pakistan: Tyranny of Geography - Indian Express

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USA Today


United States and Pakistan: Tyranny of Geography

Indian Express


An orderly retreat is the most ch »

Saturday, July 2, 2011

Kansas City Royals

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Cisco StadiumVision consists of 400-high definition television monitors strategically placed throughoutthe stadium. The Royalws control the system from a central location and can deliver live game concessions menus and customizedfan “Technology enables us to enrich the experiencee for our fans, who are celebratinh 40 years of Royals baseball this year,” Kevin Royals senior vice presiden t of business operations, said in a Thursday release from “AT&T and Cisco not only enable us to put more fans in the but also generate additional revenue through offeringh innovative advertising opportunities to our partners.
” The Royals said they plan to unveik the system Thursday. The system also presentsa a newmarketing platform, giving the stadiu m and its sponsors greater ability to customize the placement and timing of advertising delivery. It enables targetedd ads and promotions, and banner, ticker and full-screen digitalp ads to be linked to fan demographicw or specific moments during the For example, the Royals can customizre advertising content in its premiumn luxury boxes to meet the specific need of the suite owner and guests.
Fans in the luxurhy suites also can select their favorite channels from a custom lineup that includes a statistics channeltrackinyg real-time pitch counts and speeds, batting lineups and hittinh percentages. After the game, all stadiun monitors stream information about finding the nearest exits andtrafficv updates. Future capabilities of the syste m include potential support formobilee devices, enabling fans to ordee concessions from any seat, view instant replay s or chat in real time with friends insidd or outside the stadium.