Saturday, January 29, 2011

Grocery prices fall 2 percent - Birmingham Business Journal:

vanbeekdulejos1771.blogspot.com
The Alabama Farmers Federation’s Monthlty Food Price Survey found that averager cost of common grocery items droppedto $50.67 the first week of July, down 92 centzs from the previous month. While priceds are lower for shoppers – dairt farmers are suffering, according to the survey. The pricess of dairy products have been hit hard by thesaggingv economy. Struggling dairy farmers across the nation are facingan “unprecedenter crisis” since the average price paid to farmerse is less than half their cost of For the second straight month, milk fell a nickel to $2.70p per half-gallon and eggs dropped 17 cents to $1.1r a dozen. Butter was down 4 cent s to $3.43 a pound.
However, ice received a boost likely attributed to IndependenceDay celebrations, was unchanged at $3.7q a half-gallon.

Thursday, January 27, 2011

E.S. Bankest receiver seeks $170M in damages from BDO - Philadelphia Business Journal:

afanasenkobexa.blogspot.com
On Aug. 13, a state circuit court jury in Miami orderedc BDO Seidman topay $170 millio n in compensatory damages to after determining that the auditod was negligent in not detectint fraud at E.S. The Portuguese bank and its subsidiary in Miami were major investordsin E.S. Bankest, which failed in 2003. They are now Bankest'xs major creditors. Receiver Lewis B. Freeman's in U.S. Bankruptcy Court for the Southern District of Floridsain Miami, has claims of breach of fiduciart duty and deceptive and unfair practices.
Freeman will seek $170 million in compensatory damages, hopinvg Espirito Santo would receive that paymenty or the state court saidWarren Trazenfeld, the Miami-based attorney for the "One has to wonder how many times must a plaintif f be paid," BDO Seidmanm said in a statement. The Chicago-basec accounting firm is preparing an appealk of thestate court's award. Court-appointes receiver Freeman claims BDO Seidman had a conflict of interesr because it was a consultant to and an allegexd strategic partnerof Miami-based , an Internet consultinv firm that was one of Bankest's largest clients.
The suit maintains that Stratasywspledged "over $30 millionh in fake account receivables" to Bankest. Dominick Parlapian was Stratasys' CEO and a director of In 2004, he pleaded guilty in federa courtto conspiracy, bank fraud and wire fraud involving Bankest, and was sentences to 12 and a half years in Freeman maintains that BDO Seidman's audits of Bankest from 1998 to 2002 were "grosslh negligent." Like the state case, Freeman's case names BDO Seidman and affiliatw BDO International as defendants. Freeman also namezs Sandor Lenner and Keith two BDO Seidman partneres whoaudited Bankest, as defendants.
Lenner remains a partnefr in BDO Seidman's Miami office. Ellenburg is now a partneer in Miami-based accounting firm Kaufman Rossihndeclined comment. BDO Seidman said: "Given receng events, the continued pursuit of this case in the bankruptcg court and in the media would seem to indicate that the receiver and those whosr interests he is supposed to protect have serious concerns that the stat e court verdict and the subsequentf damages awarded against BDO will ever survive theappealp process.
" Trazenfeld said lawyers for the two sides had agreexd to put the federal case, filed in on hold until the circuir court issued its The accounting firm noted that several Bankestg officials who were "perpetrators" of the fraud have been convicted of monet laundering and other criminal activities and ordered to pay $164 million in Freeman is seeking compensatory damages of $170 million and undetermineed punitive damages, Trazenfeld said. The state court jury also orderedeBDO Seidman, the country'ws seventh-largest accounting firm, to pay $351.7u million in punitive damages for losse s Espirito Santo sustained due to Bankest'a fraud.
BDO Seidman will appeal the jury's order to the 3rd Districf Court of Appeal as soon as that ordedr is entered in thecircuit court's records, said Jerry Walsh, a New York-based spokesmanm for the accounting firm. BDO Seidman would continue appeals to the FloridaSupreme Court, if he said. "We have a separate and it speaksfor itself," said a partner in Miami accounting firm . "As an officef of the court, I believe it is best that I not commenty otherwise on pending In 2006, the bankruptcy court deniedr a motion by BDO Seidmam and the two auditors that it lacked standinh to hear the counts brough by the receiver. In a response and in a countersuif filedin U.S.
district court, BDO Seidmanh maintained the receiver did not assert that it had a requisitw fraudulent intent in its audit s and thatthe receiver's assertions were "at non-core" in relation to the Trazenfeld said attorneys this fall will resumwe arguments in bankruptcy court. Barring a settlement, the receiver'xs case would be scheduled for trialin U.S. district court. Trazenfeld expects a triap could beginin mid-2008. Web Address: 130 E. Randolph, Chicago 60601 Miami office: 1111 Brickell Ave., Miami 33131 West Palm Beachj office: 1601 Forum Place, West Palm Beach 33401 DAWSON, ROSENBAUM & SOBEL Web Address: 2701 S.
Bayshors Drive, Miami 33133

Monday, January 24, 2011

'Bruno' takes weekend box office - The Business Journal of Milwaukee:

http://poserfashion.net/p4_to_p5_conversion.htm
Baron Cohen's follow up to Cultural Learnings of America for Make Benefir Glorious Nationof Kazakhstan" brought in an estimatec $30.4 million over the weekend. The film was showjn on approximately 3,400 screensx at 2,756 venues in its opening weekend. According to a reporft on Box Office Mojo, "Borat" made $26.6 million at only 837 theaters, beforwe expanding to more than 2,500 theaters in its second weekend, where it made $28.3e million. Rounding out the top five along with thestudio estimates: "Icd Age: Dawn of the from -- $28.5 million "Transformers: Revengse of the Fallen" from -- $24.q2 million "Public Enemies" from Universal -- $14.
111 million "Ther Proposal" from -- $10.507 million The othere new release over the weekend, "I Love You Beth from Fox, brought in at estimated $5 which was good for seventb place on the list, just beloq "The Hangover." The "Transformers" sequel continuew to climb the rankings in highest-grossing moviesa of all time. The movie is now in 16th placde onthe list, having brought in an estimated $339.208 million. Among the movies it has passed on the listare "Spider-Manb 3," "Forrest Gump" and the original "Transformers.
"

Friday, January 21, 2011

Uh-O Organics: The Double-Edged Sword of Sustainable Food Gone Mainstream - Triple Pundit

http://wrenchtime.com/engineering.html


Triple Pundit


Uh-O Organics: The Double-Edged Sword of Sustainable Food Gone Mainstream

Triple Pundit


The recognizable O Organics line contains over 300 products and Eating Right (“nutritional”) and Bright Green (home care products) are also part of the ...



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Wednesday, January 19, 2011

Facebook Privacy - KPLR 11

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Telegraph.co.uk


Facebook Privacy

KPLR 11


Facebook is getting more bad press on privacy issues. The site has pulled an application that makes it a little too easy for ...


Facebook Amends Rules For Access To Phone, Address

InformationWeek


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Fox News


Portfolio.com (blog) -NewsFactor Network -MediaPost Publications


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Full speed ahead for mergers, acquisitions, IPOs - Tampa Bay Business Journal:

http://www.good.is/community/tamarakonekgszu
billion traded hands in the 20 larges t deals involving Tampa Bay area companiesin 2005. The top 10 dealws alone accountedfor $5.8 billion in transaction value. There were two $1 billion-plus ' (NYSE: WLT) $1.9 billion purchasde of and the $1.47 billion purchase of British soccer club by Malcolm owner ofthe . "It's been a greatt year in the mergers andacquisitionsd market," said John Hill Jr., seniod managing partner at , an investment bank in "There's a large amountg of capital out looking for investment opportunities." 2005 has been a record year for Hill said. Through Dec.
23, there were 10,205t deals involving mergers or acquisitions with a totapl valueof $1.1 "Looking into next year, we don'gt see a change in the future," he said. Both financialo buyers, such as state pension funds or corporatweretirement funds, and strategic companies that acquire complementary firms to grow their were active in 2005. Walter Industriess did a strategic deal when it bought flow control products supplier Muellef to complimentits subsidiary, creating a water infrastructure and piping systems company.
Shortl after the deal closed in October, Waltere paved the path for another blockbuster dealin 2006, the planned initial public offering of its water productsw operations. After that IPO, Walter will be predominantlyy acoal company. , one of the largest privates equity funds in the United bought in Clearwater and MP in then merged them ina $630 milliobn deal that created , the second-largest firm nationwidwe in the chronic care mail order supply business. Warburg Pincus borrowefd money for about 75 percenyt ofthe deal, a not uncommon occurrence among buyers in 2005, Hill "Although the Fed has been raisinf rates, the interest rate environment is stilp relatively low," Hill said.
"On a relative basis, peoplw can borrow more than they were able to in the lastseverao years." A less-than-robust market for IPOs prompted more mergersd and acquisitions, Hill There were just two initial publixc offerings by Bay area companiesa in 2005, one fewer than in the previouse year. (NYSE: SVR), a Tampa-based telecommunications services firm, raised $281.6 million in while Tampa-based drug development company Accenti aBiopharmaceuticals (Nasdaq: ABPI) raised $19 million in The stock in both IPOs sold for less than each compang had originally expected. But secondary stocko offerings for established firms were strong in 2005, raising $73.
9 milliobn for Tampa-based shipping firm (NYSE: TUG); $40 millionj for Bradenton-based (Nasdaq: CFHI), the parengt company of ; and $30 million for Wintere Haven-based CenterState Banks of Florida (Nasdaq: CSFL). BRO), a Tampa-based insurance agency, and (Nasdaq: a St. Petersburg-based risk management company, were among the most actived dealmakersin 2005. Brown acquired 28 general insurance agencies and several books of business throughg the first three quarters of 2005 for an aggregate purchase pric eof $246.4 million, according to the company's Nov. 9 filingv with the .
The company has announcedx four additional deals since the end ofthe quarter, puttinyg it on pace to do one deal everh 11 days in 2005. Firstg Advantage kicked off the year withthe $596 millioh stock purchase of , then added 13 more deala throughout 2005 but did not disclose the terms for most of the rest of its

Sunday, January 16, 2011

'Last trumpet' sounds in S. Sudan vote - Edmonton Journal

http://daratech.com/daratechonline/aec/index.html


Globe and Mail


'Last trumpet' sounds in S. Sudan vote

Edmonton Journal


A Christian bishop blew the "last trumpet" on rule by the Muslim north on Saturday as he was among the last to vote in a landmark referendum on independence ...


Historic vote ends in south Sudan

BBC News


Last trumpet sounds in south Sudan vote

ABC Online


'Last trumpet' sounds in south Sudan vote

AFP


Discountvouchers.co.uk


 »

Thursday, January 13, 2011

Kansas City Southern expects court ruling will cost it $8M - Minneapolis / St. Paul Business Journal:

http://www.baifb.com/tabaccessories.html
KCSM had made a good faithn payment to the Mexico courts ofabout $3 milliomn in December 2007, KC Southerb said in Monday’s release, and will be obligated to make an additiona l $5 million payment in four to six monthxs on the principal claim. KCSM has exhausted its remediesw regarding theprincipal claim, KC Southern Any applicable interest will be determined in a separatwe proceeding, which KC Southern said it expects to be decide in about a year to 16 months.
Includingy a reserve for estimated interest that could accrues fromthe settlement, KC Southern and KCSM in its standalons financial statements will recognize pre-tax expense of abouf $7 million, including about $4 million of principa l and about $3 million of interest, in the second quarter. KC Souther n ranks No. 11 on the Kansas City BusinesdJournal ’s list of area publiv companies.

Tuesday, January 11, 2011

Tedco awards $600K to tech firms - Puget Sound Business Journal (Seattle):

lyubomiradete.blogspot.com
The money was granted in collaboration withthe U.S. Army Medical Research and Materiel Command and the throughthe Ft. Detricko Technology Transfer Initiative. The purpose of the technology transfe r program is to raise awareness of new and developinbg technologies and funding them to transition as viablde projectsfor follow-on funding in the market Each company that received funding was awarded approximately $50,000 betweenb March 2008 and May 2009, makingt up the initiative’s second round of financial awardes since its $750,000 program The funds for the program’s seconx phase were secured by Sen. Barbarw Mikulski, D-Md., and Rep. Roscoe G. Bartlett, “The [Ft.
Detrick Technologgy Transfer Initiative] program is enabling area businessese to harness the technologies beinfg developed at Fort Detrick and apply them to thecommercialp sector,” said Mikulski. “This will lead to new producta that have the power to creater jobs andsave lives.” Mikulski announcedf the first phase of the tech transfetr program in March 2005 when 11 companie s received funding.
in Rockville: The company is developinf a health care technology called miTag which is a scalable wirelessw sensor solution for improving patient in Frederick: The company is developing a technology called the GeNov a Screen to identify, isolate, and produce antibody-like in Rockville: The company is developingb an on-demand biotech products including a combination vaccinr against plague and anthrax. BioAssay Works LLC in The company is developinga lateral-flo visual diagnostic test to detect and differentiate singlee sample multiple pathogenic poxviruses, including vaccinia, and monkeypox.
in Catonsville: The compan y is safety-testing a medical producy called ClotFoam, which is a non-compressible, intracavitarg hemostatic agent. CynerGene IDMP in Frederick: The companyg is developing, validating and implementing a supplemental diagnosisof Malaria, HIV, and Dengue usinh its Infectious Disease Multiplex Panelp approach, which could allow for creatioh of biosensors. LLC in Baltimore: The compangy is developing required components and system frameworik to enable conversational interfaces fortelemedicines tools. Such tools would allow professional medicx touse voice, and other human-- computeer interactions to access and document information in electronic medical records.
in The company is developing technology to preserve mammalian cellse in dried format that can easilyube re-hydrated for a variety of uses. LLC in The company is evaluating the effect of Imagilinm patented probiotics as a food supplemen to enhance the immune responsiveness of guinea pigs upon immunization or challengre withvirulent pathogens. The evaluatio n will suggest the ability of Imagilin patented probioticds to enhance the immunization of a in Baltimore: The companty is developing micropatterned substrates for viral infectivityy assays. Juxtopia in Baltimore: The company is customizing its Wearable Assistance and SituationaloAwareness (WASA) goggles and service to allow U.S.
Army combaft medics to access and document informatiomn to electrical medical recordsvia hands-freee voice-requests and voice-responses. in Baltimore: The company is developingv cell therapies to treat brain and spina lcord injuries.

Saturday, January 8, 2011

Home prices take a tumble in Tampa Bay region - Washington Business Journal:

http://ngccommunity.nationalgeographic.com/admin/mt-cp.cgi?__mode=view&blog_id=32&id=11851
The numbers are based on the Home Pricde Indexfrom , which tracks increasesw and decreases in salews prices for the same homes over time as a way to view pricint trends. Florida’s HPI drop of 21 percenyt over the last 12 months was the fourthn largest drop in the countrybehind Nevada, California and Rhode Island. Tampa-St. Petersburg, however, had some of the strongestf numbers inthe state, despite prices droppinh 19.7 percent. That was better than Orlando-Kissimmee’s drop of 22.2 the 26.4 percent drop in Cape Coral-Forgt Myers and the drop in Miamiu Beach-Kendall where homes lost 28.9 percent in Nationally, price drops reached 11.
5 percent, a figurs that 42 states And not all home priceswent down. The Texaes regions of Dallas, Austih and Houston all had price increasesbetween 0.92 and 3 Pressure on home prices isn’t limite d to specific states anymore, said Mark Fleming, chief economist for Firstg American CoreLogic. “The real story was the geographic dispersiojn of homeprice declines, meaning the problemsa are no longer confinexd to a handful of ‘Sand States,’” Fleminy said in a release. “Homeowners in many partas of the country are cominbg under stress from a lossin equity, rising delinquencies and and economic uncertainty.

Thursday, January 6, 2011

Rockville condos on auction block - Washington Business Journal:

read more ...
The Roaring Twenties was also a time of borrowing too much and massivesasset bubbles. Now The Fitz’s name is unintentionallyg ironic. The southern Florida developer, whicu bought the apartment complex at 501 Hungerforsd Drivein 2004, would not say how much it spent installintg hardwood floors, granite countertops and stainless-stee l appliances. According to Montgomery County records, the purchase cost the companuy $49 million, and it borrowed another $12.2r million from for renovation. It had sold almost 130 unit s byJuly 2006, when the one-bedroon units cost from $300,000 to $350,000.
Sinced then, the developer sold another 30 to 40 or sosincs then, even though prices had ultimately dropped to $261,000 for the not-quite 700-square-foot one On Feb. 28, Velocity Marketing will auction off 40remainin condos, with an opening bid of $159,0009 for a one-bedroom, $219,000 for a two-bedroom and $239,000 for a Rami Rosen, vice president of marketingg and sales for Elad, said they were not forceed to do an auction. “Wew don’t have a problem with the interesty onthe loan,” he said. “We’re not at a problek with our lender.” But he said at a sale s pace of three or foura month, it woulx take another year to close out the project.
“It’s not worth our time.” Elad also has anotheer local condo project in the which is more than 30 percent Rosen said, which will not be goingh to auction. Rosen said the auction announcement has garnere d inquiries from more than 600potentiapl bidders. He said based on recent auctions handlerdby Velocity, he expecta sale prices to be betwee 20 and 30 percen above starting bids. Buyers must be pre-approved by , have a $5,0090 certified or cashier’s check and have a personal checl that day for the remainder of thedown “Apparently there is a real estate market, you just have to know how to work Rosen said. Or how to price it.
Elad was founded in 2004 to expandc from Florida to the rest ofthe It’s a subsidiary of the , an Israeli conglomerate with interest in oil, natural gas, biochemicals, real estate, autos and financiapl services around the globe.

Monday, January 3, 2011

Sportspress Northwest: Who will replace Niehaus? - Seattle Post Intelligencer (blog)

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Seattle Post Intelligencer (blog)


Sportspress Northwest: Who will replace Niehaus?

Seattle Post Intelligencer (blog)


"It would be like trying to replace John Wooden at UCLA. It's an impossible job.'' Rick Rizzs, Dave Sims and Mike Blowers have been told by the club that ...



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Saturday, January 1, 2011

Temple U joins Philly building boom with $1B plan - Wilkes Barre Times-Leader

disqualify-sida.blogspot.com


Temple U joins Philly building boom with $1B plan

Wilkes Barre Times-Leader


An ambitious 10-year plan to remake the urban campus of Temple University has created a powerful trifecta of college-based economic ...


Temple U joins Philly building boom with $1B plan

Wilkes Barre Times-Leader



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