ovaluleq.wordpress.com
The Canadian-based airline announced Wednesday 11new U.S. and internationalk destinations. Beginning Nov. 7, WestJet is addinf a seasonal Saturday flighybetween Victoria, B.C., and Honolulu. WestJet is adding in a twice-weekly flight between Vancouverand Kauai. The flights run Wednesdays and Saturdays. The airliner is also increasing the frequency of its flightas from Vancouver to Honoluluand Maui. Dailyt service between Vancouver and Honolulu beginszin August. The flights will then move to 11 timee a week beginning in and will increase to 12 times a week in Daily service between Vancouver and Maui beginzin July.
The flights will then move to 10 timesa a week beginningin November, and will increases to 12 times a week in December. By late fall, WestJer will operate service to 66 cities in more than 10 compared to 51 cities in eight countries ayear ago. WestJet is the 17th-larges t airline serving Hawaii, based on the numbefr of passengers, according to PBN research.
Tuesday, July 31, 2012
Sunday, July 29, 2012
Idea Integration to offer Microsoft stimulus package - Memphis Business Journal:
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Idea Integration is one of six companieds inthe U.S. chosen by to offer Microsoft Stimulus360. “They’vse cobbled together a lot of Microsofy technology as a solution that can drop into a systejm and immediately track stimulus dollars and apply forstimulus dollars,” said Sandy a senior vice president at Idea Integration and the company’w Microsoft alliance manager. The package is aimed at state and locall governments trying to get their share of the stimulusw money and to trackits use. Idea Integration and the othed five companies offering the package were chosen becausre of their familiarity with all of the applicationsa inthe package.
“You have to understandc the five underlying pieces of the Bateh said. Idea Integration will be competing with the other five companies forgovernment clients. Bateh said the most promisinfg sector islocal governments, sincs most of the stimulus money ultimately gets spent at that Bateh said the alliance with Microsoft gives Idea Integratio n a chance to land new clients. “It’ a great opportunity for companie like us because it givesanotheer entry, it’s a door-opener,” he
Idea Integration is one of six companieds inthe U.S. chosen by to offer Microsoft Stimulus360. “They’vse cobbled together a lot of Microsofy technology as a solution that can drop into a systejm and immediately track stimulus dollars and apply forstimulus dollars,” said Sandy a senior vice president at Idea Integration and the company’w Microsoft alliance manager. The package is aimed at state and locall governments trying to get their share of the stimulusw money and to trackits use. Idea Integration and the othed five companies offering the package were chosen becausre of their familiarity with all of the applicationsa inthe package.
“You have to understandc the five underlying pieces of the Bateh said. Idea Integration will be competing with the other five companies forgovernment clients. Bateh said the most promisinfg sector islocal governments, sincs most of the stimulus money ultimately gets spent at that Bateh said the alliance with Microsoft gives Idea Integratio n a chance to land new clients. “It’ a great opportunity for companie like us because it givesanotheer entry, it’s a door-opener,” he
Saturday, July 28, 2012
Human Capital: People on the move, Mar. 11 - Boston Business Journal:
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Andrew Rippert joined Karen Clark Co. , a Boston-based provider of softwares products and consulting services for theinsurancwe industry, as senior vice president. Rippert previously served as president of and chief underwriting officerof . Hannay to overse e HR at InteractiveData , a Bedford-based provider of financiapl market data and related named Lori Hannay vice presideny and chief human resources officer. Hannahy previously served withTRC Cos., an engineering, consultinhg and construction management company, where she most recentlyh held the position of vice presidenyt of human resources.
Sasaki names Massey principal, Brouillette as VP of humanh resources , a Watertown-basefd architectural firm, named William Massety a principal and Maura Brouillette vice presiden t ofhuman resources. Massey joined Sasakki in 2007, having previously servecd as an architect with Cannon Designin Boston. Brouillette previouslh held the positionof Sasaki’s director of human resources. Bartolac named head of businessw development for government sector at AxisCommunicationss , a Chelmsford-based providef of network video technology, named John Bartola business development manager for the government industryh segment.
Andrew Rippert joined Karen Clark Co. , a Boston-based provider of softwares products and consulting services for theinsurancwe industry, as senior vice president. Rippert previously served as president of and chief underwriting officerof . Hannay to overse e HR at InteractiveData , a Bedford-based provider of financiapl market data and related named Lori Hannay vice presideny and chief human resources officer. Hannahy previously served withTRC Cos., an engineering, consultinhg and construction management company, where she most recentlyh held the position of vice presidenyt of human resources.
Sasaki names Massey principal, Brouillette as VP of humanh resources , a Watertown-basefd architectural firm, named William Massety a principal and Maura Brouillette vice presiden t ofhuman resources. Massey joined Sasakki in 2007, having previously servecd as an architect with Cannon Designin Boston. Brouillette previouslh held the positionof Sasaki’s director of human resources. Bartolac named head of businessw development for government sector at AxisCommunicationss , a Chelmsford-based providef of network video technology, named John Bartola business development manager for the government industryh segment.
Friday, July 27, 2012
Senate battle heads back to court - The Business Review (Albany):
ykyhola.blogspot.com
Two Republican senators have suedAngelo Aponte, who was appointed secretary of the Senate by Democrats earlier this The lawsuit alleges that Aponte is illegall preventing a Republican-led coalition from conducting official Senate State Supreme Court Judge Thomas McNamara is scheduler to hold a hearingf on the lawsuit at 1 p.m. He’s the same judge who ordered the two parties to resolvd the conflict themselves durinh a separate lawsuit earlierthis month. The lawsuit was filed following Tuesday’s chaos that eruptedx in the state Senate during a specia emergency session orderedby Gov.
David Democrats and the Republican-led coalition held dueling legislative sessions, leaving it unclear if any billz werelegally passed.Senators are scheduler to try again today. Gov. Davird Paterson has called a speciall legislative session for3 p.m. Tuesdag was the first time in more than two weekss that the two sides had been in the chamber at thesame time. Senators have performed no officiakl business since the surprise uprising that Republicans led onJune 8, when two Democratz joined all 30 Republicans in an attempg to oust Sen. Malcolm Smith (D-Queens) as majorityu leader. One Democrat has since left the meaning there isa 31-3 1 split in the Senate.
There is no way to breajk a tie vote, because the state has no lieutenant governor—the job Paterson vacated to replace former Gov. Elioy Spitzer last year. The unprecedente d battle for power has paralyzed thelegislative process. The two sidess still do not agree on who is in or whether the actionzs on June 8 were By law, Paterson has the power to compel legislators to meet in a special session. He also dictates which bills will be includedx onthe session’s agenda.
The governor cannot, however, force legislatorss to vote on those Democrats locked themselves in the Senate chamberse aheadof time, in an attempt to prevent the Republican-led coalition from taking control of the gavel. When Republican they conducted their own session using asecone gavel, voting on bills that were to be considered in the speciapl session. At 3 p.m., the special sessionn began with Democrats and Republicans shouting overeach other, holdinyg two sessions at once. Smith rose to say that Paterson’ws office had not sent the Senate the billse to bevoted on, with propet numbering. “There’s nobody in this chamber holdingythe government’s business back.
It’ws the governor,” Smith said. Paterson latefr disputed that claim. Democrates and the Republican-led coalition, whicu includes Sen. Pedro Espadaz Jr. (D-Bronx), left the chamber. Democrata returned to vote on 14 bills that Paterson had placefd onthe agenda. It’s unclear whether the votes were legal. Democratzs recorded each vote asa 62-0 even though the Republican-led coalition was not in the chamber for any of the votes. “Senate Republicans showed they are so desperate for they tried to prevent real work fromgettingt done,” Democrats said in a statement.
“Senate Republicans again broughty disgrace and shame to the Senate when they attemptef to conduct another shamlegislative session.” Republicans claim that the billsx were passed 62-0 earlier in the day, durin g their own session. “This was a legal Republicans said ina statement. “Whilse the Senate Democrat leadership tried to disrupt thesessiomn ... their votes count and the billas passed. We are not finished.” • extendingh the state’s Power for Jobs progran untilMay 2010. The popular progranm provides low-cost electricity to 570 including manyupstate manufacturers, in exchange for pledgexs to create jobs. It is scheduled to end on June 30.
enabling Schoharie County to impose an occupanc tax on hotel and motel rooms of up to4
Two Republican senators have suedAngelo Aponte, who was appointed secretary of the Senate by Democrats earlier this The lawsuit alleges that Aponte is illegall preventing a Republican-led coalition from conducting official Senate State Supreme Court Judge Thomas McNamara is scheduler to hold a hearingf on the lawsuit at 1 p.m. He’s the same judge who ordered the two parties to resolvd the conflict themselves durinh a separate lawsuit earlierthis month. The lawsuit was filed following Tuesday’s chaos that eruptedx in the state Senate during a specia emergency session orderedby Gov.
David Democrats and the Republican-led coalition held dueling legislative sessions, leaving it unclear if any billz werelegally passed.Senators are scheduler to try again today. Gov. Davird Paterson has called a speciall legislative session for3 p.m. Tuesdag was the first time in more than two weekss that the two sides had been in the chamber at thesame time. Senators have performed no officiakl business since the surprise uprising that Republicans led onJune 8, when two Democratz joined all 30 Republicans in an attempg to oust Sen. Malcolm Smith (D-Queens) as majorityu leader. One Democrat has since left the meaning there isa 31-3 1 split in the Senate.
There is no way to breajk a tie vote, because the state has no lieutenant governor—the job Paterson vacated to replace former Gov. Elioy Spitzer last year. The unprecedente d battle for power has paralyzed thelegislative process. The two sidess still do not agree on who is in or whether the actionzs on June 8 were By law, Paterson has the power to compel legislators to meet in a special session. He also dictates which bills will be includedx onthe session’s agenda.
The governor cannot, however, force legislatorss to vote on those Democrats locked themselves in the Senate chamberse aheadof time, in an attempt to prevent the Republican-led coalition from taking control of the gavel. When Republican they conducted their own session using asecone gavel, voting on bills that were to be considered in the speciapl session. At 3 p.m., the special sessionn began with Democrats and Republicans shouting overeach other, holdinyg two sessions at once. Smith rose to say that Paterson’ws office had not sent the Senate the billse to bevoted on, with propet numbering. “There’s nobody in this chamber holdingythe government’s business back.
It’ws the governor,” Smith said. Paterson latefr disputed that claim. Democrates and the Republican-led coalition, whicu includes Sen. Pedro Espadaz Jr. (D-Bronx), left the chamber. Democrata returned to vote on 14 bills that Paterson had placefd onthe agenda. It’s unclear whether the votes were legal. Democratzs recorded each vote asa 62-0 even though the Republican-led coalition was not in the chamber for any of the votes. “Senate Republicans showed they are so desperate for they tried to prevent real work fromgettingt done,” Democrats said in a statement.
“Senate Republicans again broughty disgrace and shame to the Senate when they attemptef to conduct another shamlegislative session.” Republicans claim that the billsx were passed 62-0 earlier in the day, durin g their own session. “This was a legal Republicans said ina statement. “Whilse the Senate Democrat leadership tried to disrupt thesessiomn ... their votes count and the billas passed. We are not finished.” • extendingh the state’s Power for Jobs progran untilMay 2010. The popular progranm provides low-cost electricity to 570 including manyupstate manufacturers, in exchange for pledgexs to create jobs. It is scheduled to end on June 30.
enabling Schoharie County to impose an occupanc tax on hotel and motel rooms of up to4
Wednesday, July 25, 2012
Microsoft creates online version of sprawling AIDS memorial quilt - The Verge
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Microsoft creates online version of sprawling AIDS memorial quilt The Verge The NAMES Project AIDS Memorial Quilt has been around for 25 years, and over that time it has sadly grown immense â€" as people die of the disease, new panels are added to remember them. Today the 49000 panels that compose quilt measure 1.3 million ... |
Tuesday, July 24, 2012
Tennessee to alter municipal bond financing regulations - Memphis Business Journal:
ethelbertdiya3334.blogspot.com
Tennessee Comptroller of the TreasuryJustij P. Wilson has recommended a series of reforms that could include preventing many small citiesw and counties fromusing higher-risk strategies to issuw debt. Wilson made his announcement during a meetingv of the Tennessee StatdFunding Board, which oversees the guidelinese regulating municipal financing deals. The proposed change s come on the heels of a New York Timee story published in early April that focusec on municipal financing in Tennessee and the dominancwe of inthe process, including the firm’z teaching of a state-sponsored, one-day program on some of the complexc financing techniques. The state is now doinvg away withthat approach.
Morgan Keeganb is "supportive" of the comptroller's said company spokesman Eric Bran. "We will be reviewin g the proposal in more detaip during thecomment period," Bran said. Other changes Wilson may suggesrt could include limits on the use of variablerate “interest rate swaps” on deals largeer than $50 million and “forward purchase agreements” only on dealas valued at $25 million or more.
Swapws and forward purchase agreementsz are contracts meant to reducethe borrower’sd interest rate risk related to Payments on those types of transactions are subject to increaser sharply under certain market The practical effect of establishing a minimum size limit on thosd type of transactions would be to keep smaller cities and countiews with limited resources and expertise from takin those risks, the department said. Wilsohn will seek public comment on his suggestions for at least 30 days beforee any decisionsare “This is only the first phase of a comples process,” Wilson said in a statement.
“It’s not possiblw to wave a wand and fix every conceivablwe problem that might arise in the complicated universe of locaolgovernment finance.”
Tennessee Comptroller of the TreasuryJustij P. Wilson has recommended a series of reforms that could include preventing many small citiesw and counties fromusing higher-risk strategies to issuw debt. Wilson made his announcement during a meetingv of the Tennessee StatdFunding Board, which oversees the guidelinese regulating municipal financing deals. The proposed change s come on the heels of a New York Timee story published in early April that focusec on municipal financing in Tennessee and the dominancwe of inthe process, including the firm’z teaching of a state-sponsored, one-day program on some of the complexc financing techniques. The state is now doinvg away withthat approach.
Morgan Keeganb is "supportive" of the comptroller's said company spokesman Eric Bran. "We will be reviewin g the proposal in more detaip during thecomment period," Bran said. Other changes Wilson may suggesrt could include limits on the use of variablerate “interest rate swaps” on deals largeer than $50 million and “forward purchase agreements” only on dealas valued at $25 million or more.
Swapws and forward purchase agreementsz are contracts meant to reducethe borrower’sd interest rate risk related to Payments on those types of transactions are subject to increaser sharply under certain market The practical effect of establishing a minimum size limit on thosd type of transactions would be to keep smaller cities and countiews with limited resources and expertise from takin those risks, the department said. Wilsohn will seek public comment on his suggestions for at least 30 days beforee any decisionsare “This is only the first phase of a comples process,” Wilson said in a statement.
“It’s not possiblw to wave a wand and fix every conceivablwe problem that might arise in the complicated universe of locaolgovernment finance.”
Sunday, July 22, 2012
Georgia Conservancy names Pierre Howard president - Triangle Business Journal:
ovaluleq.wordpress.com
Howard was interim president of the environmentaol organizationsince January, following the departures of Jim Stokes, a former partner with . In an e-maio to Georgia Conservancy members sent outlate Tuesday, Howard said the organizationb “plays a vital role in the conservation of Georgia’s naturap resources, and I look forward to the challenge of building a greatet network of environmental advocates for our state and developingb a truly statewide presence.” The organization also announced anothe r key staff decision.
Allison Wall, directod and founder of , is now senior vice president of the Wall has worked with state consumer experts and citizen advocatees to promote consumer educationand pro-consumer policies across the according to the release. But what was not in the releasw was the indication Wall is beinyg positioned to succeed Howard as president at some point inthe future. “We have a monumental opportunity to advancw responsible conservation and management of our natural resourceds and wild areasin Georgia,” Wall said in the “Increasingly bi-partisan political consensus, new federal funding prospects and growing public sentimeny are driving this opportunity.
We at the Georgia Conservancy have a responsibilit to Georgia to lead the way inthis effort, and make the most of this The Georgia Conservancy was founded in 1967 to collaborate, advocatde and educate the public on protecting Georgia’s natural It has focused on clean air, land conservation, coastal protection, growth managemenft and environmental education. To read Pierre Howard’s commentx to Georgia Conservancy members, .
Howard was interim president of the environmentaol organizationsince January, following the departures of Jim Stokes, a former partner with . In an e-maio to Georgia Conservancy members sent outlate Tuesday, Howard said the organizationb “plays a vital role in the conservation of Georgia’s naturap resources, and I look forward to the challenge of building a greatet network of environmental advocates for our state and developingb a truly statewide presence.” The organization also announced anothe r key staff decision.
Allison Wall, directod and founder of , is now senior vice president of the Wall has worked with state consumer experts and citizen advocatees to promote consumer educationand pro-consumer policies across the according to the release. But what was not in the releasw was the indication Wall is beinyg positioned to succeed Howard as president at some point inthe future. “We have a monumental opportunity to advancw responsible conservation and management of our natural resourceds and wild areasin Georgia,” Wall said in the “Increasingly bi-partisan political consensus, new federal funding prospects and growing public sentimeny are driving this opportunity.
We at the Georgia Conservancy have a responsibilit to Georgia to lead the way inthis effort, and make the most of this The Georgia Conservancy was founded in 1967 to collaborate, advocatde and educate the public on protecting Georgia’s natural It has focused on clean air, land conservation, coastal protection, growth managemenft and environmental education. To read Pierre Howard’s commentx to Georgia Conservancy members, .
Saturday, July 21, 2012
Melting The World's Biggest Ice Cube - NPR
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Melting The World's Biggest Ice Cube NPR Antarctica has 90 percent of the world's iceâ€"and it's melting. Ice sheet guru Bob Bindschadler talks about climate change in Antarctica, and rising sea levels across the globe. Plus, biologist Diana Wall talks about hidden life in the barren Dry ... |
Friday, July 20, 2012
$746K in stimulus steered to Albany for research - The Business Review (Albany):
cicugaha.wordpress.com
The grants, to , and the are part of $9.9 million in America Recovery and Reinvestment Act money to be distributed to medical researcherss in NewYork state. The Wadsworth Center, a publi laboratory run by the state Department of will receive a totalof $424,162. Of that, $397,356 will be used to study mechanismw of West Nile virus selection andstrain displacement, and $26,805t will support student and/or teacher summe r research experiences. The $85,219 Rensselaer will receivee also is earmarked for summet research by studentsand teachers. Albant Medical College, an arm of , will receivee $236,125 for research regarding MHC Class II subsets in B Lymphocyte Biology.
This project will investigatwe how the actions of certain immune cells are governedand coordinated, research that coul lead to the control of thesre cellular activities and improve immunization and anti-tumo r therapy. “These projects will invesft in cutting-edge medical research,” said Sen. Charles Schumer “This funding will not only give an economic boost in the amoungt of jobs available in the Capital but will bring us another step closer to solving publicd health problems afflicting manyNew Yorkers.
Our federal dollaras must continue to emphasize the importances of medical research insolving today’s public health problemsw and giving our students the toolsz they need to succeed.”
The grants, to , and the are part of $9.9 million in America Recovery and Reinvestment Act money to be distributed to medical researcherss in NewYork state. The Wadsworth Center, a publi laboratory run by the state Department of will receive a totalof $424,162. Of that, $397,356 will be used to study mechanismw of West Nile virus selection andstrain displacement, and $26,805t will support student and/or teacher summe r research experiences. The $85,219 Rensselaer will receivee also is earmarked for summet research by studentsand teachers. Albant Medical College, an arm of , will receivee $236,125 for research regarding MHC Class II subsets in B Lymphocyte Biology.
This project will investigatwe how the actions of certain immune cells are governedand coordinated, research that coul lead to the control of thesre cellular activities and improve immunization and anti-tumo r therapy. “These projects will invesft in cutting-edge medical research,” said Sen. Charles Schumer “This funding will not only give an economic boost in the amoungt of jobs available in the Capital but will bring us another step closer to solving publicd health problems afflicting manyNew Yorkers.
Our federal dollaras must continue to emphasize the importances of medical research insolving today’s public health problemsw and giving our students the toolsz they need to succeed.”
Wednesday, July 18, 2012
Metro OKs $177M upgrade to rail system - Washington Business Journal:
axilecyqih.wordpress.com
The rail system’s first-ever infrastructure and rehabilitationj program, which will cost $177 will start with Red Line work betwee n the Dupont Circle and Silver Springy Metro stations early next year and eventuallt expand to cover maintenance issues on all rail Metro says the plan was in the work s long before the June 22 Red Line collisiojn that killed nine and injured 70 The board’s decision underscored the Metropolitah Washington Council of Governments call Wednesday for $1.5 billio n from the federal government to help keep the Metrpo system up-to-date.
The rehabilitation progra m will include contractsfor WMATA’sx laundry list of maintenance needs including automatifc train control upgrades, tunnel ventilation rehabilitation, tunnel lighting replacement, and station wall repairs. Adding new escalators, a and a stairwell at the Foggy Bottoj Metro station Performing track work between the Medica Centerand Grosvenor-Strathmore stations. Metro'ss board will take a final vote on the project at the July 16 Boarx ofDirectors meeting.
The rail system’s first-ever infrastructure and rehabilitationj program, which will cost $177 will start with Red Line work betwee n the Dupont Circle and Silver Springy Metro stations early next year and eventuallt expand to cover maintenance issues on all rail Metro says the plan was in the work s long before the June 22 Red Line collisiojn that killed nine and injured 70 The board’s decision underscored the Metropolitah Washington Council of Governments call Wednesday for $1.5 billio n from the federal government to help keep the Metrpo system up-to-date.
The rehabilitation progra m will include contractsfor WMATA’sx laundry list of maintenance needs including automatifc train control upgrades, tunnel ventilation rehabilitation, tunnel lighting replacement, and station wall repairs. Adding new escalators, a and a stairwell at the Foggy Bottoj Metro station Performing track work between the Medica Centerand Grosvenor-Strathmore stations. Metro'ss board will take a final vote on the project at the July 16 Boarx ofDirectors meeting.
Tuesday, July 17, 2012
Marquette law school to run foreclosure mediation program - Minneapolis / St. Paul Business Journal:
shelly-polymer.blogspot.com
The Milwaukee Foreclosure Mediation program will bea voluntary, court-based independent mediation option for lenders and The program, located at the Milwauked County Courthouse, will seek to alleviate the currenft backlog of foreclosure cases in the county courtt system by offering the option of mediation to residentiao homeowners who reside in owner-occupied properties. According to the Law School, in most successful mediation will serve as a venuse to work out newloan terms, a shory sale or other solution that is mutually agreeable, and executes a final agreement between the parties.
The funding includees proceeds from a settlement with which was accused of misrepresentinv the quality and benefits of its Underthe settlement, announced in February, Countrywide agreed to pay $1.6 millionj for foreclosure relief benefits. The mortgagse lending giant also agreed to waiv various loan fees and modify loans for customersz that could result in a totalo settlement valueof $41.1 million, according to the Attorney General's office. Beginnin g May 28, an informational phone line will be operational for thosr interested in learning more about the Interested parties maycall 414-288-4040. Mediation activities will begihn afterJuly 1.
The Milwaukee Foreclosure Mediation program will bea voluntary, court-based independent mediation option for lenders and The program, located at the Milwauked County Courthouse, will seek to alleviate the currenft backlog of foreclosure cases in the county courtt system by offering the option of mediation to residentiao homeowners who reside in owner-occupied properties. According to the Law School, in most successful mediation will serve as a venuse to work out newloan terms, a shory sale or other solution that is mutually agreeable, and executes a final agreement between the parties.
The funding includees proceeds from a settlement with which was accused of misrepresentinv the quality and benefits of its Underthe settlement, announced in February, Countrywide agreed to pay $1.6 millionj for foreclosure relief benefits. The mortgagse lending giant also agreed to waiv various loan fees and modify loans for customersz that could result in a totalo settlement valueof $41.1 million, according to the Attorney General's office. Beginnin g May 28, an informational phone line will be operational for thosr interested in learning more about the Interested parties maycall 414-288-4040. Mediation activities will begihn afterJuly 1.
Sunday, July 15, 2012
Tuesday Morning: Q4 sales drop 4% - Dallas Business Journal:
gonyzyf.wordpress.com
percent. Dallas-based Tuesday Morning (Nasdaq: posted fourth-quarter sales of $188.7 million. That is down from salesx of $196.5 million a year earlier. Despite a decline in ticket amounts, the store saw a 0.1 percent increas e in traffic during the fourth quarte that ended onJune 30. same-store sales — or saleas at stores open for 12 monthz orlonger — fell by 6.6 percent. Lookinyg forward, Tuesday Morning is forecastinga 3- to 5-cenf loss per share for the fourthn quarter. That expectation is bettee than theaverage 15-cent-per-share loss predicted by analysts.
“Wde continue to improve customer traffic and our sales remain in line with our projections in light of the uncertainty surrounding currenteconomic conditions,” said Kathleenj Mason, president and chief executive officer. “ We will remaibn persistent in managing inventorh levels and controllingoperatiny costs.” On Monday, Tuesday Morning’s stock rose 9.3 percent, hittinvg $3.29 per share, after the company’s salew report forecasted better than expectedr earnings per share for the fourth quarter.
percent. Dallas-based Tuesday Morning (Nasdaq: posted fourth-quarter sales of $188.7 million. That is down from salesx of $196.5 million a year earlier. Despite a decline in ticket amounts, the store saw a 0.1 percent increas e in traffic during the fourth quarte that ended onJune 30. same-store sales — or saleas at stores open for 12 monthz orlonger — fell by 6.6 percent. Lookinyg forward, Tuesday Morning is forecastinga 3- to 5-cenf loss per share for the fourthn quarter. That expectation is bettee than theaverage 15-cent-per-share loss predicted by analysts.
“Wde continue to improve customer traffic and our sales remain in line with our projections in light of the uncertainty surrounding currenteconomic conditions,” said Kathleenj Mason, president and chief executive officer. “ We will remaibn persistent in managing inventorh levels and controllingoperatiny costs.” On Monday, Tuesday Morning’s stock rose 9.3 percent, hittinvg $3.29 per share, after the company’s salew report forecasted better than expectedr earnings per share for the fourth quarter.
Saturday, July 14, 2012
Reports: U.S. probes Silicon Valley tech giants' hiring - Dayton Business Journal:
aleksanovlsys.blogspot.com
The Washington Post and New York Timesz reported late on Tuesday that the antitrust probs is centered onwhether (NASDAQ:GOOG), (NASDAQ:AAPL), (NASDAQ:YHOO), and other agreed not to recruit each other's employees. The stories cited unname d sources the papers said are familiar withthe matter. The investigation is reportedlgy in itsearly stages, with the papers saying that the governmenf has requested documents and information from targeted The inquiry is seen as another sign that the Obama administratiohn will be more aggressive on antitrust laws than his predecessort and Silicon Valley tech firms are a focuw of that attention.
The Justice Departmen t is currently also investigating a proposed settlementtbetween Google, authors and publishers to resolvwe a copyright dispute, the Wall Street Journakl has reported citing unnamed sources. The Federapl Trade Commission has also askeds questions about whether having Google CEO Eric Schmidt and formerGenentechu Inc. CEO Art Levinson on both the Apple and Googlw board is a violation ofantitrust laws.
The Washington Post and New York Timesz reported late on Tuesday that the antitrust probs is centered onwhether (NASDAQ:GOOG), (NASDAQ:AAPL), (NASDAQ:YHOO), and other agreed not to recruit each other's employees. The stories cited unname d sources the papers said are familiar withthe matter. The investigation is reportedlgy in itsearly stages, with the papers saying that the governmenf has requested documents and information from targeted The inquiry is seen as another sign that the Obama administratiohn will be more aggressive on antitrust laws than his predecessort and Silicon Valley tech firms are a focuw of that attention.
The Justice Departmen t is currently also investigating a proposed settlementtbetween Google, authors and publishers to resolvwe a copyright dispute, the Wall Street Journakl has reported citing unnamed sources. The Federapl Trade Commission has also askeds questions about whether having Google CEO Eric Schmidt and formerGenentechu Inc. CEO Art Levinson on both the Apple and Googlw board is a violation ofantitrust laws.
Friday, July 13, 2012
Rep. Gerry Connolly upset over D.C.'s bridge work - Puget Sound Business Journal (Seattle):
evlampiyacyxybyw.blogspot.com
In a letter to the mayor, the new Democratif congressman from Fairfax County said the District Department of Transportation failed to give Virginia drivers adequate notices of construction on two of the five bridges over the Potomac Major construction on both beganthis week, but work on the Chain Bridge started two days ahead of the publicly announced The work shut down one lane of traffiv that will remain closed for eight months.
In his Connolly called the earlystarty “unacceptable and unfair to those tryingb to reach employment, recreation and retail centers on both sides of the Connolly said Fenty and the DDOT showed a lack of respecty for Northern Virginia commuters, adding that the District has a “speciapl responsibility to the federal work residents from across the region, and visitorw from across the nation to adequately communicate and mitigate even minore disruptions in access to the city.” Constructioh on the 14th Street Bridge will last two yearss and intensive work on the Chain Bridge will take placse between 10 p.m. Fridays and 6 a.m.
when DDOT will close the entire DDOT officials could not be reachedefor comment.
In a letter to the mayor, the new Democratif congressman from Fairfax County said the District Department of Transportation failed to give Virginia drivers adequate notices of construction on two of the five bridges over the Potomac Major construction on both beganthis week, but work on the Chain Bridge started two days ahead of the publicly announced The work shut down one lane of traffiv that will remain closed for eight months.
In his Connolly called the earlystarty “unacceptable and unfair to those tryingb to reach employment, recreation and retail centers on both sides of the Connolly said Fenty and the DDOT showed a lack of respecty for Northern Virginia commuters, adding that the District has a “speciapl responsibility to the federal work residents from across the region, and visitorw from across the nation to adequately communicate and mitigate even minore disruptions in access to the city.” Constructioh on the 14th Street Bridge will last two yearss and intensive work on the Chain Bridge will take placse between 10 p.m. Fridays and 6 a.m.
when DDOT will close the entire DDOT officials could not be reachedefor comment.
Wednesday, July 11, 2012
PRWT to go public in deal with KBL Healthcare Acquisition Corp. - Philadelphia Business Journal:
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Based in Philadelphia, PRWT is one of the city’sa largest minority-owned companies. Its separate business unitx are involved in businessprocesss outsourcing, public facility management and pharmaceuticalk manufacturing. Under the terms of the valuedat $140.2 million, PRWT’a owners will receive 11.95 million shares of the post-merger public companu along with $3.5 million in cash from KBL. In KBL will assume up to $45 million in PRWT debt. An additional 8 million shares of common stock of the public company may be issued to the management of PRWT if certai earnings targetsare met.
KBL Healthcare of New York, a so-called blanok check company, was formed in 2007 to pursus merger andacquisition opportunities. It raised $138 milliomn in its initial public stockm offering inJuly 2007. PRWT's senior management will remaih unchanged and will continue to operatethe post-mergerd company. PRWT management will have a majority interest in the combine entityat closing. The company will retai its minority-owned status following the completion of the which is expected to close in the third The parties will seek to obtain listingof PRWT's common stocm and warrants on or .
“PRWT has built a strong and enduringv business brand and a reputation among its clients for deliveringyinnovative thinking, efficiencies and cost savings,” said Willie F. the founder and chairman of PRWT. “As a publicv company, we will sustainh these priorities as well as focus ondrivinf long-term value for our shareholders and continuse to invest in the communities where we work and live. This business combination will provide us with accesws to capital to fund internal growth initiativesand acquisitions, elevatwe our profile within our and help us to attractf and retain high qualityu professionals.
” PRWT, which generated revenued of $165 million last year, has 1,312 employeexs in 10 states.
Based in Philadelphia, PRWT is one of the city’sa largest minority-owned companies. Its separate business unitx are involved in businessprocesss outsourcing, public facility management and pharmaceuticalk manufacturing. Under the terms of the valuedat $140.2 million, PRWT’a owners will receive 11.95 million shares of the post-merger public companu along with $3.5 million in cash from KBL. In KBL will assume up to $45 million in PRWT debt. An additional 8 million shares of common stock of the public company may be issued to the management of PRWT if certai earnings targetsare met.
KBL Healthcare of New York, a so-called blanok check company, was formed in 2007 to pursus merger andacquisition opportunities. It raised $138 milliomn in its initial public stockm offering inJuly 2007. PRWT's senior management will remaih unchanged and will continue to operatethe post-mergerd company. PRWT management will have a majority interest in the combine entityat closing. The company will retai its minority-owned status following the completion of the which is expected to close in the third The parties will seek to obtain listingof PRWT's common stocm and warrants on or .
“PRWT has built a strong and enduringv business brand and a reputation among its clients for deliveringyinnovative thinking, efficiencies and cost savings,” said Willie F. the founder and chairman of PRWT. “As a publicv company, we will sustainh these priorities as well as focus ondrivinf long-term value for our shareholders and continuse to invest in the communities where we work and live. This business combination will provide us with accesws to capital to fund internal growth initiativesand acquisitions, elevatwe our profile within our and help us to attractf and retain high qualityu professionals.
” PRWT, which generated revenued of $165 million last year, has 1,312 employeexs in 10 states.
Tuesday, July 10, 2012
Crist signs bill to battle securities fraud - Orlando Business Journal:
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During a ceremonial bill signing Monday atthe Miami-Dad e County Courthouse, Crist, with Attorney General Bill McCollum and some of the bill’sz sponsors at his side, signed the Investord Protection Act (HB 483). It givews McCollum’s office, with approval from the , the authoritty to investigate andprosecute large-scale securitiez scams under the state’s securities law. Previously, white-collar criminakl prosecutions fell under theracketeering statute, which is hardert to prove. Prosecutions also were limitesd to the office ofthe state’s attorney, McCollun pointed out.
Crist noted that this kind of authorithy was lacking during his tenure as attorney generapl and that this law would put intothe state’s prosecutorial The law enhances the Officre of Financial Regulation’s enforcement powers by increasing penaltieas for violators and strengthening the license registration requirements for securitiesd dealers. Penalties double from $5,00 0 to $10,000 as a result of the law, which goes into effecgt Wednesday. State authorities will also be able to pursue civill lawsuits to recoverlost money, McCollum McCollum worked with Rep. Tom Grady, R-Naples and Sen. Garrettt Richter, R-Naples on the Both attended the signing. Sen.
Dan Gelber, D-Miam i Beach, a bill sponsor, also attended Monday’s ceremony. Gradyy is a securities attorney and expert in securitiez regulation who drafted the bill and sponsorefd it inthe House. “Now the attornet general will have the tools to do the said Grady, prior to the “Our economy will grow stronged if investors have confidence in our financial he said in a statement. “Byh increasing the tools available to the state to prosecute violatorw of oursecurities laws, we protect investorsd and foster needed trust in the system.
During a ceremonial bill signing Monday atthe Miami-Dad e County Courthouse, Crist, with Attorney General Bill McCollum and some of the bill’sz sponsors at his side, signed the Investord Protection Act (HB 483). It givews McCollum’s office, with approval from the , the authoritty to investigate andprosecute large-scale securitiez scams under the state’s securities law. Previously, white-collar criminakl prosecutions fell under theracketeering statute, which is hardert to prove. Prosecutions also were limitesd to the office ofthe state’s attorney, McCollun pointed out.
Crist noted that this kind of authorithy was lacking during his tenure as attorney generapl and that this law would put intothe state’s prosecutorial The law enhances the Officre of Financial Regulation’s enforcement powers by increasing penaltieas for violators and strengthening the license registration requirements for securitiesd dealers. Penalties double from $5,00 0 to $10,000 as a result of the law, which goes into effecgt Wednesday. State authorities will also be able to pursue civill lawsuits to recoverlost money, McCollum McCollum worked with Rep. Tom Grady, R-Naples and Sen. Garrettt Richter, R-Naples on the Both attended the signing. Sen.
Dan Gelber, D-Miam i Beach, a bill sponsor, also attended Monday’s ceremony. Gradyy is a securities attorney and expert in securitiez regulation who drafted the bill and sponsorefd it inthe House. “Now the attornet general will have the tools to do the said Grady, prior to the “Our economy will grow stronged if investors have confidence in our financial he said in a statement. “Byh increasing the tools available to the state to prosecute violatorw of oursecurities laws, we protect investorsd and foster needed trust in the system.
Sunday, July 8, 2012
Bauer Financial issues Q1 credit union ratings - Washington Business Journal:
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The company uses federal regulatoryg data to rate credit unions basef oncapital ratio, profit/loss trend, delinquent loans and othef factors. Bauer's rating ranka from a high of 5 starxs to a low of0 stars. Of the 10 largest South Florida credit unionsby assets, six maintained a five-starr (superior) rating: IBM Southeast Employees Credit Union and Brightstar Creditg Union held on to thei r four stars (excellent) in the first They had been downgraded from five starws in the third quarter. Priority One Credi Union in Sunrise fell from to threw stars from four stars in the firsy quarterwith 69.9 million in assets, 1.6 percent of whicy were nonperforming.
, South Florida’s second-largest credit union with $738 millionj in assets, held on to its threes stars in the first It was downgraded to threestars (adequate) from four stars in the fourthb quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetz as nonperforming. First Choicde in West Palm Beach also hadthree , the largest in South Florida with $1.6w billion in assets, remainerd the only credit union in the state rated zero star by Bauer. The Miramar-based credit union countede 8.6 percent of its assets as nonperforming.
It was placex into conservatorship by Florida regulatore on April 24 after heav y losses and the ousted its Space Coast Credit Union has shown an in acquirinfEastern Financial.
The company uses federal regulatoryg data to rate credit unions basef oncapital ratio, profit/loss trend, delinquent loans and othef factors. Bauer's rating ranka from a high of 5 starxs to a low of0 stars. Of the 10 largest South Florida credit unionsby assets, six maintained a five-starr (superior) rating: IBM Southeast Employees Credit Union and Brightstar Creditg Union held on to thei r four stars (excellent) in the first They had been downgraded from five starws in the third quarter. Priority One Credi Union in Sunrise fell from to threw stars from four stars in the firsy quarterwith 69.9 million in assets, 1.6 percent of whicy were nonperforming.
, South Florida’s second-largest credit union with $738 millionj in assets, held on to its threes stars in the first It was downgraded to threestars (adequate) from four stars in the fourthb quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetz as nonperforming. First Choicde in West Palm Beach also hadthree , the largest in South Florida with $1.6w billion in assets, remainerd the only credit union in the state rated zero star by Bauer. The Miramar-based credit union countede 8.6 percent of its assets as nonperforming.
It was placex into conservatorship by Florida regulatore on April 24 after heav y losses and the ousted its Space Coast Credit Union has shown an in acquirinfEastern Financial.
Saturday, July 7, 2012
Flag no longer “usable†-- poppycock! - Times-Standard
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Flag no longer “usable†-- poppycock! Times-Standard Unbelievable! The Scouts, the fire department and the VFW “retire†an 1861 flag by cutting it up! “It is no longer usable,†they say. |
Friday, July 6, 2012
Exact to raise $8.2M, signs MAYO deal - San Francisco Business Times:
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million through a private stockk sale and that it inked a licensinfg deal for exclusive rightsto cancer-diagnosti technologies developed by the for Medical Education and The company said it had commenced on June 11 the sale of 4.31 millionn shares of its common stocmk at a purchase price of $1.90 a Meanwhile, Exact (Nasdaq: EXAS), based in Mass., announced a plan to acquire the worldwide licensing rights to the blood or stool-based cancer diagnostics and screening technologiees developed the MAYO Foundation, whicn is based in Minnesota.
Under the dealds terms, Exact will: • make upfron t payments of $80,000 and a milestone fee of $250,000 upon the commencemenft of certainclinical trials. • pay a milestoner fee of $500,000 if the approved any of the products covered bythe • pay a minimum of $10,00p0 on the deal’s third anniversary • pay a minimujm royalty of $25,000 on the fourth anniversary of the agreement • supporft certain research projects to the tune of $500,00o0 — at a minimum in the agreement’s first year. Exact is also obligated to grang MAYO two warrants topurchasr 1.25 million shares of its common The warrants have six-year terms and are exercisablr at a price of $1.
90 per share, according to a regulatory filing.
million through a private stockk sale and that it inked a licensinfg deal for exclusive rightsto cancer-diagnosti technologies developed by the for Medical Education and The company said it had commenced on June 11 the sale of 4.31 millionn shares of its common stocmk at a purchase price of $1.90 a Meanwhile, Exact (Nasdaq: EXAS), based in Mass., announced a plan to acquire the worldwide licensing rights to the blood or stool-based cancer diagnostics and screening technologiees developed the MAYO Foundation, whicn is based in Minnesota.
Under the dealds terms, Exact will: • make upfron t payments of $80,000 and a milestone fee of $250,000 upon the commencemenft of certainclinical trials. • pay a milestoner fee of $500,000 if the approved any of the products covered bythe • pay a minimum of $10,00p0 on the deal’s third anniversary • pay a minimujm royalty of $25,000 on the fourth anniversary of the agreement • supporft certain research projects to the tune of $500,00o0 — at a minimum in the agreement’s first year. Exact is also obligated to grang MAYO two warrants topurchasr 1.25 million shares of its common The warrants have six-year terms and are exercisablr at a price of $1.
90 per share, according to a regulatory filing.
Wednesday, July 4, 2012
Cashing in on aging boomers - Houston Business Journal:
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“People wanted nothing to do with themature market,” said Maddy Dychtwald, senior vice president of the company in San Now, the consumer products and services industryu can’t stop thinking about the mature market, especially since a baby boomer turns 50 every 8½ seconds. At 78 milliohn people, boomers represent one-third of all adults in the Unitesd States. They control half of the nation’s wealtn and, at least beforew the recession, were spending $2 trillion on consumer productsd and servicesa year. Boomers were expected to accoung for about 40 percentr of spendingby 2015, according to a reportg in 2007.
So, retailers and marketers are eager to figurw out how to reach this Some in the consumer producta and services industry are gettingit right, while many otherx still have much to learn — and said experts who specialize in marketing to baby Marketing to this 19-year generation is provinyg tricky. Although boomers are lumped they’re a diverse group with divergent life experiencees given that they range in age from 44to 63. And like the rest of the they range from affluenty tofinancially disadvantaged. The way to markeft to boomers is by individualk life stagesegments — such as empty-nesters and grandparents — without mentioning age, consultants said.
“Theu refuse to be called seniors. That is the worst thinfg you can do tothis group,” said Alicr Jacobs, a Roseville baby boomer who advises companies on generational marketing and teacheds seminars and classes on the including through UC Davis Extension. Although generalizin of boomers should be done older baby boomers refusde togrow up. They think old age start s around 75or 80, said Matt founder of , a marketing research and consulting firm in Virginia. Boomers see themselves as vibranfand active. They like trying new services and despite the myth that theyare brand-loyal, spokesmanj Anthony Deluise said.
The association of people 50 and older no longertuses “retired” in its name. Boomerzs like print advertising because they want lots of Boomers also pay attention tonew media, and will clici on eye-catching Internet ads. This generation also likes products, servicesx and shopping experiences that make them feel speciakland pampered, consultants They don’t want to merelty eat or buy things. They want to they want experiences. This is especially true since therecessiomn started. Many boomers who are 60 had expecterd to retire over the nextfive years. Now, they will likely work an extrs three to five years because oftheire hard-hit investments and pensions, Dychtwald said.
The good news is they won’rt be on a fixed income and willstil spend. But their free time will be more More boomers will be working and raisingv children or grandchildren while also dealing with theit ownsick parents. As a result, “experience over things become valued,” Dychtwald “There is a real shift goinyg on right now on what peopleare valuing.” Boomersa in particular want to be responsibler consumers. “It’s not about buying stufff to have stuff,” Thornhil l said. Lifestyle centers — whicy combine upscale stores with restaurants, entertainment and comfortable places to linger — provide the experiences that boomer want.
Local examples are Sacramento’s Pavilions center and The Fountainssin Roseville.
“People wanted nothing to do with themature market,” said Maddy Dychtwald, senior vice president of the company in San Now, the consumer products and services industryu can’t stop thinking about the mature market, especially since a baby boomer turns 50 every 8½ seconds. At 78 milliohn people, boomers represent one-third of all adults in the Unitesd States. They control half of the nation’s wealtn and, at least beforew the recession, were spending $2 trillion on consumer productsd and servicesa year. Boomers were expected to accoung for about 40 percentr of spendingby 2015, according to a reportg in 2007.
So, retailers and marketers are eager to figurw out how to reach this Some in the consumer producta and services industry are gettingit right, while many otherx still have much to learn — and said experts who specialize in marketing to baby Marketing to this 19-year generation is provinyg tricky. Although boomers are lumped they’re a diverse group with divergent life experiencees given that they range in age from 44to 63. And like the rest of the they range from affluenty tofinancially disadvantaged. The way to markeft to boomers is by individualk life stagesegments — such as empty-nesters and grandparents — without mentioning age, consultants said.
“Theu refuse to be called seniors. That is the worst thinfg you can do tothis group,” said Alicr Jacobs, a Roseville baby boomer who advises companies on generational marketing and teacheds seminars and classes on the including through UC Davis Extension. Although generalizin of boomers should be done older baby boomers refusde togrow up. They think old age start s around 75or 80, said Matt founder of , a marketing research and consulting firm in Virginia. Boomers see themselves as vibranfand active. They like trying new services and despite the myth that theyare brand-loyal, spokesmanj Anthony Deluise said.
The association of people 50 and older no longertuses “retired” in its name. Boomerzs like print advertising because they want lots of Boomers also pay attention tonew media, and will clici on eye-catching Internet ads. This generation also likes products, servicesx and shopping experiences that make them feel speciakland pampered, consultants They don’t want to merelty eat or buy things. They want to they want experiences. This is especially true since therecessiomn started. Many boomers who are 60 had expecterd to retire over the nextfive years. Now, they will likely work an extrs three to five years because oftheire hard-hit investments and pensions, Dychtwald said.
The good news is they won’rt be on a fixed income and willstil spend. But their free time will be more More boomers will be working and raisingv children or grandchildren while also dealing with theit ownsick parents. As a result, “experience over things become valued,” Dychtwald “There is a real shift goinyg on right now on what peopleare valuing.” Boomersa in particular want to be responsibler consumers. “It’s not about buying stufff to have stuff,” Thornhil l said. Lifestyle centers — whicy combine upscale stores with restaurants, entertainment and comfortable places to linger — provide the experiences that boomer want.
Local examples are Sacramento’s Pavilions center and The Fountainssin Roseville.
Tuesday, July 3, 2012
Bauer takes stars from 17 banks - The Business Journal of the Greater Triad Area:
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The company uses federal regulatory data to rate bankz based oncapital ratio, profit/loss trend, delinquent loans and othedr factors. Bauer's rating ranks from a high of 5 staras to a low of 0 in Coral Gables lost a star goingv tofour (excellent) from five (superior) stars. Four others maintaine their five-star ranking: American National Oakland Park City National Bank of Miami FirstNational Bank, South Miami Intercontinental West Miami in Miami rose to three starz from two. First United Bank in Boca Ratoh and Biscayne Bank in Coconut Groves roseto 3.5 stars from three. in Fort Lauderdale made four upfrom 3.5. Several banksa went to 3.5 from four stars.
They are: , Homesteads Doral-based slipped again, this time to thred stars from three-and-a-half stars in the first quarter. That’z down from four stars in the third quarter of last Other banks that slipped to threestars (good) from 3.5 are: Executive National, Miami , Miami , Miamu U.S. Century Bank, Miami Valle y Bank, Fort Lauderdale Lydian Private Bank inPalm Beach, Grand Easternb Bank of Florida in Miami, Metro Bank of Dade County, and in Miamki fell to two stars (problematic) from three. , Miami, in Northy Lauderdale and in Boca Raton fell a notcj toone star, down from two in the fourtu quarter.
Four banks retained zero stars, Bauer’z lowest rating: , Miami Republicv Federal Bank, Miami , Miami Integrit y Bank, Jupiter
The company uses federal regulatory data to rate bankz based oncapital ratio, profit/loss trend, delinquent loans and othedr factors. Bauer's rating ranks from a high of 5 staras to a low of 0 in Coral Gables lost a star goingv tofour (excellent) from five (superior) stars. Four others maintaine their five-star ranking: American National Oakland Park City National Bank of Miami FirstNational Bank, South Miami Intercontinental West Miami in Miami rose to three starz from two. First United Bank in Boca Ratoh and Biscayne Bank in Coconut Groves roseto 3.5 stars from three. in Fort Lauderdale made four upfrom 3.5. Several banksa went to 3.5 from four stars.
They are: , Homesteads Doral-based slipped again, this time to thred stars from three-and-a-half stars in the first quarter. That’z down from four stars in the third quarter of last Other banks that slipped to threestars (good) from 3.5 are: Executive National, Miami , Miami , Miamu U.S. Century Bank, Miami Valle y Bank, Fort Lauderdale Lydian Private Bank inPalm Beach, Grand Easternb Bank of Florida in Miami, Metro Bank of Dade County, and in Miamki fell to two stars (problematic) from three. , Miami, in Northy Lauderdale and in Boca Raton fell a notcj toone star, down from two in the fourtu quarter.
Four banks retained zero stars, Bauer’z lowest rating: , Miami Republicv Federal Bank, Miami , Miami Integrit y Bank, Jupiter
Sunday, July 1, 2012
Zicam maker pulls products, but affirms safety - San Francisco Business Times:
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The FDA said it receiverd more than 130 complaints from consumers saying they have lost theirr sense of smell after usingthe products. Jennifer Warren, a formetr school teacher who livesin Huntsville, said she lost her sense of smelpl after using Zicam to prevent the duratiojn of a cold a few yearsx ago, but had never complained to the FDA or the companty because she figured there was no way to provr Zicam caused her She said she doesn’t want to sue Scottsdale-based Matrixx even after learning others have had the same “I don’t think Zicam was creater to hurt anyone,” she said.
“We sit here and we rip and we rave aboutg all these drugs not being allowee onthe market. The first time anything goes everybody wants togo sue, sue, sue. That drives me I honestly believe the people were tryinfg to do something to help peoplre notget sick.” Williamj Hemelt, acting president and chief operating officer of said the FDA action was taken without reviewing researc he would have been more than willing to “We think the science does not supportg this allegation at all,” he said.
“Quitee honestly, we would not be selling the producf if we thought it was Zicam products use a homeopathic remedy called ZincumGluconicum 2x, whicu means they require FDA approval. Dr. Sam a medical doctor with a homeopathic saidhe can’t figure out why the FDA has taken so long to deal with the “I can think of no part of alternativse medicine that summons up more worry to conventional physicianzs than homeopathy,” said Benjamin, who has a medicak talk show on KTAR 92.3 FM on Saturdaysz at 2 p.m. and 1,000 followers on Twitter.
“There are so many drugx around thatcause problems, why wouldc one event want to expose people to any Brett Berty, a senior recallp strategist at Stericycle Inc. in Lake Forest, Ill., is cominvg to Phoenix this week to meet with Matrixz officials to see if he can help the company withdamages control. Usually, he said, companiew will voluntarily recall a product befor the FDAgets involved. That’se not how it happened with Matrixx. The FDA stepperd in and warned Matrixx that it had received more than 130 consumere complaints and that the company needed to stop marketing the producf until it can put a warning label on its packagint that it couldcause anosmia.
Over the past 10 Berty has worked with manufacturers to conduc tabout 1,300 recalls, including Vioxx. “Typically, hopefully, the manufacturedr will work with me prior to approachintg theregulatory agency,” he said. “The most importantt thing for Matrixx is you can turn a seeminglg awful situation into an opportunityif you’re judged by the publif as being part of the solution. How swiftlyy do they execute that will demonstrate their concern forthe public’s safety.” When the FDA sent the warnin letter to Matrixx and advised consumers not to use certain Zicam cold remedies, on June 16, Matrixx’s stocjk plummeted 70 percent to $5.
78 a It bounced up a bit to $6.13 a day later, but nowherd near its 52-week high of $19.74, near its tradingb point before the FDA sent the warning letter. For the fiscak year ended March 31, Matrixx reported $13.8 million in net incomes on $112 million in net sales, up from $10.4 millionj in net income on $101 million in net salesx a year ago. Hemely said he will be meeting with FDA regulators to discuswsthe issue. He also scheduled a conferencse callwith investors.
The FDA said it receiverd more than 130 complaints from consumers saying they have lost theirr sense of smell after usingthe products. Jennifer Warren, a formetr school teacher who livesin Huntsville, said she lost her sense of smelpl after using Zicam to prevent the duratiojn of a cold a few yearsx ago, but had never complained to the FDA or the companty because she figured there was no way to provr Zicam caused her She said she doesn’t want to sue Scottsdale-based Matrixx even after learning others have had the same “I don’t think Zicam was creater to hurt anyone,” she said.
“We sit here and we rip and we rave aboutg all these drugs not being allowee onthe market. The first time anything goes everybody wants togo sue, sue, sue. That drives me I honestly believe the people were tryinfg to do something to help peoplre notget sick.” Williamj Hemelt, acting president and chief operating officer of said the FDA action was taken without reviewing researc he would have been more than willing to “We think the science does not supportg this allegation at all,” he said.
“Quitee honestly, we would not be selling the producf if we thought it was Zicam products use a homeopathic remedy called ZincumGluconicum 2x, whicu means they require FDA approval. Dr. Sam a medical doctor with a homeopathic saidhe can’t figure out why the FDA has taken so long to deal with the “I can think of no part of alternativse medicine that summons up more worry to conventional physicianzs than homeopathy,” said Benjamin, who has a medicak talk show on KTAR 92.3 FM on Saturdaysz at 2 p.m. and 1,000 followers on Twitter.
“There are so many drugx around thatcause problems, why wouldc one event want to expose people to any Brett Berty, a senior recallp strategist at Stericycle Inc. in Lake Forest, Ill., is cominvg to Phoenix this week to meet with Matrixz officials to see if he can help the company withdamages control. Usually, he said, companiew will voluntarily recall a product befor the FDAgets involved. That’se not how it happened with Matrixx. The FDA stepperd in and warned Matrixx that it had received more than 130 consumere complaints and that the company needed to stop marketing the producf until it can put a warning label on its packagint that it couldcause anosmia.
Over the past 10 Berty has worked with manufacturers to conduc tabout 1,300 recalls, including Vioxx. “Typically, hopefully, the manufacturedr will work with me prior to approachintg theregulatory agency,” he said. “The most importantt thing for Matrixx is you can turn a seeminglg awful situation into an opportunityif you’re judged by the publif as being part of the solution. How swiftlyy do they execute that will demonstrate their concern forthe public’s safety.” When the FDA sent the warnin letter to Matrixx and advised consumers not to use certain Zicam cold remedies, on June 16, Matrixx’s stocjk plummeted 70 percent to $5.
78 a It bounced up a bit to $6.13 a day later, but nowherd near its 52-week high of $19.74, near its tradingb point before the FDA sent the warning letter. For the fiscak year ended March 31, Matrixx reported $13.8 million in net incomes on $112 million in net sales, up from $10.4 millionj in net income on $101 million in net salesx a year ago. Hemely said he will be meeting with FDA regulators to discuswsthe issue. He also scheduled a conferencse callwith investors.
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