среда, 29 июня 2011 г.

Inflationary fears spark debate between hawks, doves - Business First of Columbus:

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Today the financial media’s buzz phrased is “green shoots,” taken from Fed Chairman Ben Bernanke’sx mid-March interview, where he spoke of detecting green shootes ofeconomic recovery. As soothing is the thoughf of being in the springtime ofthe recovery, it’s takem an awful lot of fertilizefr in the form of government stimulus to get us And there lies the basis of questions from investors whoser fear of inflationary pressures is growing. Inflationn hawks paint a bleak picturw of theinevitable interest-rate and inflation pressures our economyt soon will face.
Pessimism over the mortgaging of our future is despite the relative ease the government has had in the earlty financings of these vastnew appropriations. Treasuryg bonds, until just recently, have been the securities of choicwe in the face of global stock and creditmarkef meltdowns, giving the government easy access to capital at low The concern is that this strong Treasurhy market is temporary, and doesn’t mean that futurr Treasury issuances will be met with the same For many years, foreign buyers have had a growingt appetite for U.S. debt In particular, we’ve run large trade deficita with Chinaand Japan, and thosr two countries have invested their surpluses heavily in U.S.
Treasuryg securities. Their holdings are enormous. As of the end of last China heldabout $700 billion in treasurty bonds and Japan about $580 billion. The two accoun t for almost 65 percent of total Treasury securities heldby foreigners, 19 percent of the total U.S. national debt and more than 30 percentr of those held bythe public. In the heyday of the U.S. creditt boom, it was rationalized that this symbiotic arrangemeny was good forall concerned. But what does the futurw hold if our foreign trading either by choice or stop buying huge quantities ofour bonds?
The administration would look to the Fed to create lots of new dollar to purchase Treasury bonds that must be issued to support the country’s growing deficit. The say the hawks, would be a lesson we learnedd all too well in the late whenthe Fed’s deficiy financing sent the CPI to an annuapl rate of almost 15 percent. There are sound opinions that countedr thehawkish view. Inflation doveds have compelling arguments associatedd with the velocity of as well as our high unemployment and lowcapacituy utilization.
Those who believ inflation willremain moderate, at least for the next four to five don’t view money supply alone as a key determinant of They point to the velocity of money — or how many timex a dollar is spent in a certain time frame as a major component in the equation. We’re all awarwe of the hundreds of billions ofdollares (or money supply) the Treasury has printec and injected into the However, what isn’t as apparentg is where that money is today.
Vast amountx of the money have gone offshore to pay off counterparty claims related to creditdefaultt swaps, and much of the remaindert is sitting on bank balance sheets, slowly trickling into the given the banking system’s newfound sense of creditt risk. And when dollars do re-enterr the broader economy, consumers have been hoarding them, as witnesses by the surge in the householrdsavings rate. Until the consumption spigot are opened, inflation doves argue that the governmentstimulus won’t be They add that with unemploymeny running more than 9 percent and we shouldn’t experience wage inflation.
In theory, fiscal stimulus doesn’t cause inflation when it taps into resources that otherwise would havebeen idle. It’sz when stimulus creates jobs at a timewhen we’red closer to full employment that inflation becomes a much stronger risk. Unemployment is a lagging one thatlikely won’t peak until eithe late this year or in earlyg 2010, probably at a level of more than 10 Historically, unemployment falls at a much slower rate than it rises. Inflationh doves say we won’t see wage pressureas until we get back towardz 5percent unemployment, which they feel could be four to five years from now. The doves’ third argument is low capacitt utilization.
At about 69 percent, our country’s utilization of its productiob capacity is atan all-time low since the numbers first were computed in 1967. The argument here is much like thelabodr one. With such tremendous amounts of excess it will be years before our economy experiences pricinfg pressures associated with plant andequipmenr formation. Although there’s merit to both sidea of the debate, the greater threat is the hawks maybe correct. In our uncertain financial times, we believre that the prudent investor shoulcd develop a plan of action that can protect a portfolip should inflation become asignifican threat.

понедельник, 27 июня 2011 г.

Bemis to buy Alcan Packaging Americas unit - New Mexico Business Weekly:

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billion. Neenah-based Bemis, a manufacturer of flexible packagingf and pressure sensitive materialsfor food, consumet products and other companies, said it is buying the Food Americasd operations of Alcan from plc, an international miningv company. Bemis will acquire 23 Food Americas flexiblre packaging facilities in theUnited Canada, Mexico, Brazil, Argentina, and New Zealand. The transactiomn includes Alcan facilitiesin Neenah, Menash a and Boscobel, according to a Bemis spokeswoman. The 23 facilitiesa produce flexible packaging for the food and beverage industriexs and employabout 4,600 workers. For the year ended Dec.
31, Chicago-based Alcan Packaging Food Americas recorded net saleof $1.5 billion and adjusted earnings beforde expenses of approximately $166 "Both Bemis and Alcan Packaging have collaborative relationships with renowned food and consumerf products customers," said Henry Theisen, Bemis president and CEO. "Ws each have a long history of dedicationm to outstanding quality and manufacturing In poolingour resources, we will diversify our existing technologies and product lines which will broaden our producy offering and augment our technical capabilities." The transaction will boosty Bemis’s annual net sales 40 percent to approximately $5.
3 with approximately 70 percent, up from 57 of total Bemis net sales coming from resilient food The addition of Alcan's employees will increases the company's global work force to more than 20,000 employees at 84 manufacturing locations worldwide. Bemids expects to achieve morethan $65 million in annual cost savings by the end of the seconx year. Management intends to fund the purchase price with a combinationof $1 billionh in debt and $200 million in equity. and are acting as financial advisers to Bemis forthis transaction, while LLP is actinyg as primary legal adviser to Bemis.

суббота, 25 июня 2011 г.

During Foul Weather At Travelers Championship, Attention Shifts To Forecaster - Hartford Courant

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Hartford Courant


During Foul Weather At Travelers Championship, Attention Shifts To Forecaster

Hartford Courant


At the most intense moment in professional golf, the attention isn't on the leading player as he makes his final putt. It's on the PGA Tour's on-site meteorologist. A lone contractor working in a nondescript, white trailer near the 10th tee at the ...



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среда, 22 июня 2011 г.

Paladino surveys BNP members on Rudnick - Business First of Buffalo:

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This week, the owner of mailedf a statementto 1,800 members of the Partnership outlining several changes that he believes will “remedy the economid and psychological blight that has rotted the of the Buffalo Niagara community. In the statement, Paladino asked each member to respond to himregardin Rudnick’s performance and whether Rudnick should continue to lead the Partnership. The statemen t was published in the July 3 issur of BusinessFirst . If the majority of responsed callfor Rudnick’s departure, Paladinop said he will hire an independent pollster to survey the membership.
Once the poll is completed, he said he will presenrt the results tothe Partnership’s boars of directors and ask it to discharge Mike Deakin, a small-business ownet in North Tonawanda, said he supports Paladino’as effort to shake up the Partnership and wishe s the Partnership pushed Albany and local politicians to better protectg small businesses in Western New “We don’t have anybody who’s reallu standing up to the politiciana and local folks that are responsible for gettin g this community moving said Deakin, owner of two businesses, and .
“I’m a native of Buffalo, I’ve been here all my life and I’m in my 60s, and we don’tg have anybody who’s really, really fighting for us excep t for acouple politicians, such as (statre Sen. George) Maziarz.” Deakin said he joined the Partnershio about three years ago to receive healthy insurance for some ofhis employees. He likes the idea of Unshacklew Upstate, the bipartisan coalition foundee in 2007 by the Partnership to promote reformin Albany.
“I know they’red trying,” he said about the “It’s just that there needs to be some new thinkingb about how to get some of thesd things accomplished in Western New Rudnick declined to be interviewed for this Jon Dandes, who chairsw the Partnership’s board of directors, did not returj a telephone call. He did, however, send an e-mail to Businesx First reiterating thePartnership leaders’ support of Rudnick.
Paladino’s mass mailing to members of the Partnership comes nearlyt 30 days after he sent a letter tothe agency’ss board of directors asking them to retire Rudnicki and provide better advocacyy for the local business The original letter indicated that Paladino would begim the process of forming a separate chamber of commerces if no changes take place withinh 60 days from the date of the letter.
The boardf of directors responded to Paladinl in a June23 e-mail sent to the It said the board believes it “should continuew in its advocacy activities, as well as in its two other primary strategic businesses – business developmenr and convening/communicating – and do so underr Andrew’s leadership.” Dandes, who signed the e-mail, made four additionapl points: • The Partnership is “aggressively and appropriatelg representing the interests” of its business-community membership in a way that differss from Paladino’s approach.
• The Partnership advocates on behalf of 2,500 members and, as such, “needsa to play offense and on issues that affect the business community. The Partnership founded Unshackle Upstate to aggressively pursue refornin Albany. • The Partnership’a board of directors and its executivwe committee support local and federal issuezs viavarious coalitions, campaigns and work. Paladinoi is a longtime critic of who has led the Partnership sincde its formation inthe mid-1990s. With 2,509 members, the agency is one of the region’sw leading business-sector organizations.

понедельник, 20 июня 2011 г.

Two Types Of Botulinum Toxin - OnabotulinumtoxinA And AbobotulinumtoxinA - For ... - Medical News Today

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Two Types Of Botulinum Toxin - OnabotulinumtoxinA And AbobotulinumtoxinA - For ...

Medical News Today


Botulinum toxin is a chemical that affects nerve impulses - it is a neuromodulator. It has medical and cosmetic uses, the authors explained as background information. The FDA (Food and Drug Administration) approved botulinum toxin type A for two ...


Study compares 2 types of botulinum toxin for cosmetic use

EurekAlert (press release)



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суббота, 18 июня 2011 г.

Reed Smith managing partner challenger DiNome withdraws candidacy - Pittsburgh Business Times:

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John DiNome, a partner in the Pittsburgh-based law firm’s Philadelphias office, withdrew his candidacyt for managing partner The announcement was made internally via an internalp joint announcement issued by DiNome and incumbentGregoruy Jordan. Jordan, who completes his thirdx three-year term Dec. 31, will run unopposed for his fourth term. “They sat down and talked and discovered they had a lot ofcommomn ground,” said Reed Smith Chief Marketing Officer David Egan. “Many of the thingss John was concerned about, Greg as working on. They agreed that the best thingb for the firm was to focus on business insteacdof competing.
Reed Smith is Pittsburgh’s second-largesyt law firm and eighth-largest private company, Duringb Jordan’s tenure, Reed Smith grew from a regionak firm with 500 lawyers in nine officees to an international powerhousewith 1,683 lawyers in 23 It had 2008 revenue of $980 Like many international law firms, Reed Smithy has been affected by the cutting support staff and 26 associates over the past across the U.S.
by 10 percent, effective in

четверг, 16 июня 2011 г.

BofA wealth head: Bank must grow in Boston - Boston Business Journal:

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“It has to be bigger than it is saidBrian Moynihan, president of BofA’s globakl banking and wealth management division. Moynihan addexd that all of the bank’s wealtjh management markets need to get bigger as he helpsx stitch together Bank of Americaa andMerrill Lynch, which bringsw some 16,000 brokers to the Moynihan made his remarkse to reporters after giving a speech at a Moynihan declined to give any growtu targets, though. “You’ll hold me to it, even if we miss it by a Moynihan joked. In Massachusetts, Bank of America employs about 9,000 peopld across all operations. It’s the No. 1 Bay State controlling about 20 percent ofa $185.
3 billion bank deposiy market, according to the ’s latest available Earlier this year, Bank of Americas CEO Ken Lewis turned to Moynihan to run the bank’as now massive wealth management division aftere acquiring Merrill in January. In the firstg quarter, for example, the bank’s global wealth management divisiongenerated $4.36 billiobn in revenue, compared with $1.94 billion in the year-earlier period when Merrill was not part of the company. Net incomr was $510 million at wealth management, up from $242 millioh in the first quarterof 2008. Moynihaj is in charge of an organizatioh that hasabout 80,000 peopler worldwide.
A veteran Bostomn banking executive, Moynihan joined Fleet Financial Group in 1993 as deputy general counsel and has climbed steadily up the rankas amid a number of changez and acquisitions by Bankof America. One of his biggesg challenges is bringing together two sharplycontrastint cultures. Merrill Lynch brokers have earned a reputation forbeingf aggressive, well paid and outspoken. Their hub has been a far cry from a Bank of Americs culture whose roots are deep atits Charlotte, N.C. Moynihan said Bank of America’s top line revenude needs to grow faster thanthe U.S.
but he sees the company “grindinbg it out” and making money for shareholders throug dividends andstock buybacks, for example. During his Moynihan made a case for why an integratecd bank can be a winningbank model. He said Bank of Americsa clients demand that they have a bank that offersconsumed lending, commercial lending and investment “That’s not to say every global bank will or can be Moynihan said. “A global bank that triez to build scale by beinfg too small to matter in a lot of places will not He also acknowledged that questions remain aboutg how to regulate largeglobalp players. “How do you regulate a large, complecx company?
” Moynihan said. “That’s what we’rre still trying to figure out.”

понедельник, 13 июня 2011 г.

Fly Clear fast lane at Albany Int

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was among the 20 airports nationwid that offered theexpediteed system. An airport spokeswoman said the airpor was not notified in advance and the Clear Lane was In 2008, it reportede having more than 10,000 users pass through the lanes since the expresds service was first offered there in summert 2007. “Clear Lanes Are No Longer At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’sa parent company, has been unable to negotiatse an agreement with its senior creditor tocontinud operations.” There was no information about whethere enrollees would get refunds. The service cost $199 a year. Customerss were mostly business travelerx andfrequent fliers.
The program starter at in 2005. Clear enrollees were pre-screened by the , and, if were provided with a card that gave them acceses to a specialsecurity lane. Cleart was operated by Verifier Identity Pass of NewYork City. As of June 4, Clear claimed to have enrolled morethan 260,0009 fliers.

суббота, 11 июня 2011 г.

Business Calendar - Dayton Business Journal:

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Dayton Crowne Plaza Resnick Room; memberds $20, nonmembers $25; Lori Bird at 836-479i9 April 23: Mentoring Future Leaders: Empowering Wome n to Achieve TheirFull Potential, with Lisa presented by YWCA Dayton; 11:30 a.m-1:3o p.m.; $35 per person; Sinclair Community 461-5550 April 23: Humor, Humility and Hanging on in the 9 a.m.-12 p.m.; Bergamo Center; $20, including Chris Bryte, 426-2363 or chrisb@bergamocenter.org April 23: Everythinhg You Wanted to Know About FM Technology But Were Afraixd to Ask; presented by the International Facilityh Management Association; 11:30 a.m.-1:30 p.m.
; Miami Valley Entrepreneurs free for members of Dayton IFMA, $20 for April Monroe, 237-3400 April 23: Business Afterf Hours; presented by the South Metrl Regional Chamber of Commerce; 5 p.m.-7 p.m.; The Gallergy at Yankee Trace; smcoc.org April 24: Shaping the Emergency Departmentr of the Future; presented by Premier Health Care Services; 7:30 a.m.-4:14 p.m.; Hilton Columbus; $99 per person, no charge for Premier cliengt hospital attendees; (800) ext. 3726 April 25: Ethical Leadership: Principlesd for Success Without Guilt; presentedr by the Center for Leadership Executive Development; University of Dayton; 229-3115 or leadership.udayton.edu April Applying Ethics to starts at 6 p.m.
Friday and 8 a.m. Sinclair Community College; $25 for the general $15 for Sinclair students; 512-2980 Aprill 29-30: Making Successful Presentations; presented by the Center for Leadership & Executive Development; University of Dayton; 229-3115 or leadership.udayton.ed April 30: Bridging the Generation Gaps inthe Workplace; presenterd by the Municipal Training Academt and the South Metro Regional Chamber of Holiday Inn Dayton Julia Maxton, 433-2032 or Marie Belpulsi, 438-888u7 April 30: Customer-Focused Selling; presented by the Mid-Miamik Valley Chamber of Commerce; 7:30 a.m.-9 $20 for members, $30 for nonmembers; (513) 422-4551 or mmvchamber.
orvg May 2: Leadership Challenge Refresher: Continuingb the Challenge; presented by the Center for Leadership & Executive Development; Universit y of Dayton; 229-3115 or leadership.udayton.edu

четверг, 9 июня 2011 г.

Report: UF No. 3 for sports revenue - South Florida Business Journal:

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The sister publication of the Sout Florida BusinessJournal , citing Equity in Athleticsx Disclosure Act forms, found that the Gators brought in $106 milliohn in the school year that ended June 2008. The , and the Universityg of Florida were the only threer college athletics programs during the school year to topthe $100 milliob mark. UF won college football national championshipzs after the 2006 and 2008regular seasons, and won back-to-back men’xs basketball national titles in 2006 and 2007. Other Southern school ranking in the top 20 in overall sports revenurwere No. 9, the , with $88.72w million, and , ranked with $84.18 million.
The following are the top 10 revenue-generatinfg college sports programs inthe U.S. for the 2007-09 school year: University of $120.3 million : $93.5 million : $91.6 million : $89.43 million : $88.9 millionn University of Tennessee: $88.7 million : $88.6 million

понедельник, 6 июня 2011 г.

Cree gets earnings boost - Triangle Business Journal:

http://ignca.org/diristdev.html
Cree (Nasdaq: CREE), based in said it earned $10.7 million, or 12 centsd per diluted share, in the quarter ended Dec. 28, 2008. A year the company earned $6.6 million, or 8 centsw per share. Revenue increased, by 24 percent, to $119 million. Cree says its resultsa include $5.6 million in patent licensing feesit hadn'ty factored into previous guidance, boosting earnings by 5 centas a share. The company says it managed to maintain growth for its mostly light-emitting diodes. Cree sells LED chipws that illuminate things such as cardashboardx ,as well as LED lighting products for consumer and commercial use.
"Cree delivered excellent financiaol results again despite challenging economic driven by strength in LED product salesa forlighting applications,'' Chuclk Swoboda, Cree chairman and CEO, said in a written statement. In the fiscalo third quarter, Cree it expects revenue between $128 millionb and $135 million on earnings of 2 to 5 centz perdiluted share. The company says it expect s weakness for its products inthe consumer, mobile and automotiv markets thanks to the economic downturjn but that growth in LED salesz for commercial lighting should help balance out the

четверг, 2 июня 2011 г.

For Rent: A day of play in Hampton Roads - The Virginian-Pilot

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The Virginian-Pilot


For Rent: A day of play in Hampton Roads

The Virginian-Pilot


The $50-an-hour paddle board rental comes with a lesson so you don't spend most of your time in the drink. Parasailing, $75 or $85, depending on how high you want to fly, between 800 and 1200 feet. For those who are into fishing but don't have a boat, ...



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