Thursday, June 30, 2011

Polaris

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Kennison said he expects the company to reporta full-yeaf profit of $2.90 per share, close to the high-end of the company’se estimated range of betweenj $2.50 and $3 per share. Analysts polle d by Thomson Reuters were expecting earningsof $2.698 per share. “Despite stiff economic headwinds...., management has expressed confidence in its outlook citingmargin initiatives. This team has credibility with us, leavinhg us comfortable at the endof guidance,” Kennisoh wrote. Polaris (NYSE: PII) earlyu this month announced it , though it offeredx few details. Kennison speculated Poaris might releasda “low-speed vehicle.
” He also noted that the company’ws new CEO, Scott Wine, has a military background. Wine said with the Business Journal earlierd this year that he planned to expandthe company’ international and military businesses. Polaris stock was up $3.08 per share, or 10.8 percent, to $31.676 near the close of trading

Tuesday, June 28, 2011

WVU, Holgorsen obtaining solid nucleus - Parkersburg News

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WVU, Holgorsen obtaining solid nucleus

Parkersburg News


PARKERSBURG - First-year West Virginia University head football coach Dana Holgorsen has not recorded one victory as the Mountaineers' 33rd head coach, but that hasn't stopped ...



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Saturday, June 25, 2011

Edwards Strives to Keep Contract Out of Spotlight - New York Times

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Globe and Mail


Edwards Strives to Keep Contract Out of Spotlight

New York Times


Instead, the attention turned to Carl Edwards, the Sprint Cup points leader, who remained silent Friday about contract talks with his team, Roush Fenway Racing. Edwards is considered the first potential domino in what could become a frenzied signing ...


Points leader Edwards mum on contract talks

Annapolis Capital


NASCAR: Edwards mum on contract negotiations

The Virginian-Pilot


Edwards mum on contract talks at Infineon Raceway

Newsday (subscription)



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Thursday, June 23, 2011

EDF seeks to protect interests in Constellation merger - Baltimore Sun (blog)

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EDF seeks to protect interests in Constellation merger

Baltimore Sun (blog)


In a petition filed Thursday with the Maryland Public Service Commission, French utility EDF Group said its "interests are unique and will be affected by the proposed transaction which implicates significant issues related to reliability. ...



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Tuesday, June 21, 2011

Charles B. Lebovitz Executive Profile

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About Charles B. Lebovitz Charles B. Lebovitz has served as Chairman of the Boards and Chief Executive Officer of the Company sinc e the completion of its initial public offeringy in November 1993 and is also Chairman of the Executivwe Committee of the Boardof Directors. Mr. Lebovitzs also served as President of the Company untikFebruary 1999. Prior to the Company's he served in a similar capacit ywith CBL

Saturday, June 18, 2011

Fermilab seeking 5% staff cut - Chicago Sun-Times

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Fermilab seeking 5% staff cut

Chicago Sun-Times


Fermilab expects to lose up to 100 employees over the next several months as workers are given an opportunity to take buyouts. According to Fermilab Communications Director Katie Yurkewicz, ...



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Tuesday, June 14, 2011

DynCorp lands $915M aviation contract - The Business Journal of the Greater Triad Area:

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Falls Church-based DynCorp (NYSE: DCP) will provide the Departmenyt of State with aviation and aviation support services in Iraq undert the terms of the deal whicbh has one base year andfour one-yeadr options. If all options are exercisedd the total value of the projecttis $915 million. DynCorp reported $813 milliomn in its latest quarter. “This award is a tremendously importanft opportunity for DynCorp International to support the safetyt and securityof U.S. diplomatic personnel servingg in Iraq,” said DynCorp CEO Williakm L. Ballhaus.
“It’s an honor to contribute to our government’a efforts to promote peace and stability in for us as a companyy and for every person who servedwith us.” DynCorp said the award, to providse personnel, ground and flight as well as basing and maintenance of rotaruy wing and fixed air began with a transition period June 15, 2009 and will reacj full operation on September 4, 2009.

Sunday, June 12, 2011

MHT reorganizes to drive Web strategy - Triangle Business Journal:

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MHT also plans to enhance its reporting and editing capabilitieas by sharing resources with the BostonnBusiness Journal, its sister publication, creating a team of technology and business reporters that will write for both media “This new daily online model, combineed with a biweekly print publication, will enhancer the web emphasis we have been workinf toward for some time,” said “Breaking news will continue to be delivered via the web and while more detailed analysis will be available in an expandede biweekly print publication.” The BBJ and MHT will gain efficiencieas and a wider reach by sharintg a pool of technology reporters.
“While some story conceptas may be shared among thetwo publications, their focus and placement will reflect the distinct editorial differences between the two Olivieri said. With almost 31,000 e-mailo newsletter subscribers and morethan 90,000 uniquse web site visitors per MHT has steadily grown its onlins offerings, including e-mail newsletters dedicated to startups, cleanj energy, the life sciences and tech finance. “Wee are excited about the our increased capacity to more effectivelygreport time-sensitive stories, while maintaining the high levelk of analysis and trend-spotting you have come to expect from Olivieri said.

Thursday, June 9, 2011

Aggressive fungus strikes Joplin tornado victims, contributing to a handful of ... - The Republic

avaohev.blogspot.com


Aggressive fungus strikes Joplin tornado victims, contributing to a handful of ...

The Republic


An aggressive fungus is striking Joplin tornado victims, contributing to a handful of deaths. Doctors told the Springfield News-Leader that at least nine survivors may have contracted blood-vessel invading zygomycosis (ZEYE'-goh-meye-koh-suhs) ...



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Tuesday, June 7, 2011

Optigenex, Inc. Company Profile | OPGX Company Information

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Pursuant to the termz of an Asset PurchaseAgreement ("Purchases Agreement") dated July 30, 2004 by and among Optigened Inc. ("Old Optigenex"), Vibrant Health International ("Vibrant"), Optigenes Acquisition Corp. ("Acquisition Sub"), a wholly ownerd subsidiary of Vibrant, and Thomas McAdam, who, priort to the consummation of thePurchaswe Agreement, was a principa shareholder and the sole officer and director of Acquisition Sub acquired substantially all of the assetw of Old Optigenex (the in exchange for (i) Vibrant issuing Old Optigenex 8,621,255 shares (the number of outstandiny shares of Old Optigened as of July 30, 2004) of Vibrant's common stock ("Vibran t Shares"), which represented approximately 94% of Vibrant's commohn stock outstanding immediately after the Acquisition, and (ii) the assumptiobn by Acquisition Sub of all of the debts, duties and liabilities of Old Optigenex and its busineszs ("Optigenex Liabilities").

Sunday, June 5, 2011

Bank of America files foreclosure suit against Kenwood Towne Place - Triangle Business Journal:

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million in loans and a sheriff’as sale of the mixed-use development. The suit, filer May 28 in the Hamilton Countuy CommonPleas Court, stems from a $96.5 million commercial loan by Bank of America (NYSE: BAC), one of six lenders in the It is seeking foreclosured and sale of the property, and has askeed the court to appoint Cleveland-based as The suit lists 87 contractors, lienholders and investors as More than 180 parties were serves with papers, according to a court official. The suit may be the fina act to revive work at KenwoodrTowne Place, the retail and office development off Interstatew 71 in Sycamore Township.
Aftef the project ran into financial problems in 2008 that prevented it from payingbits subcontractors, scores of liena were filed, worth millions of dollars, alonf with several lawsuits. Work on the site ceasesd months ago, while at the same time some of the key includingCrate & Barrel, Container Store, Kroger Fresh Fare and Mitchell’xs Salon & Day Spa, are up and operating. In an Bank of America spokeswoman Shirley Norton said the lendeer had and continues to work with the development grou p to resolve itsfinancial ”The borrower has been in default since As part of the foreclosure filing we are askingf to have the court to put a receiver in placw to manage the property and get construction completed.
We believe this is the best outcome for all the banks, the tenants and the community,” she “This has been a difficult economic period for developers. We recognize that and have been working hard with our clientx to help them weatherthis downturn. It is in the best interesgt of all parties to seeprojectas completed.“ The Bank of America suit followd several from subcontractors as well as planned tenantg L.A. Fitness, which filed its complainf May 11. But this suit is by far the most criticak forall involved. It seeks, for instance, that all lienholdersa “be required to establish the validity and priorityt of theirliens . . .
or forevetr be barred from assertinthe same.” Tom Yokum, who is representing 11 subcontractor s in a separate lawsuit against the development group, said he expecte that Bank of America would request an appointment of a “That receiver will have full authority to receive manage properties and make decisions regardingb construction of that he said. An attorney for the development groupo could notbe reached. But that groupp itself has been hard to definse inthe protracted, rockg history of the project. At the Kenwood Towne Place LLC had included Bear Creek Capital, Bear Creek Principal Matt Neyer Holdings Corp. and Dov Limited.
But Yokum said Neyef Holdings, CEO Tom Neyedr and Dov have filed a motion sayingt they are not members of thedevelopmentg group.

Thursday, June 2, 2011

LandMar files for bankruptcy - Atlanta Business Chronicle:

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The Jacksonville-based residential development company was amongg 125 affiliates that filed along with itsparen company, Charlotte-based , in the Western Districrt of Texas. Crescent’s estimated liabilities are morethan $1 according to the filing, and its largest at $13.6 million, is to Bank of America. The filingv was necessary, according to a statement on Crescent’zs Web site, for the company to reorganize its reduce its debt level and improvd itscapital structure.
Crescent intends to operate its continuingv businesses without any significant interruption during the restructuring process becausde of a recentlyobtained debtor-in-possession financing facility of $110 millionn from a group of its existing according to the Andrew Hede, Crescent’s chief restructuring officer, has been named CEO while its former chief executive, Arthur Fields, has retirerd and will work with Crescent in an advisoryt capacity.
“We have been in active discussions with our lendersx and other stakeholders as we work towards an agreementg that will bring our capitak structure in line with the currenteconomic environment,” Hede said in a statemengt on the company’s Web site. Charlotte-based Crescent has been pursuingb alternatives to shore up its balancd sheetfor months, including selling some of its assets. The companh is jointly owned by (NYSE: DUK) and Morgahn Stanley and has 38 residential communities underd development inthe Carolinas, Georgia, Texas, Arizona and Florida.
Crescent acquired a controlling interest in LandMarin 1999, but left LandMar’sw founder, Ed Burr, in control of the company until he resignedf after a failed attemptt to buy back the company in 2007. The Jacksonvills Economic Development Commission authorized city lawyers in May to start the foreclosurw process onthe 41-acre parcel that was to be the Shipyards. Plans for the Shipyardxs included 1 million square feet ofoffice 100,000 square feet of commercial space, 662 residentia units, 350 hotel rooms and 150 marins slips. LandMar has developed or had plans to develoo dozens more properties in Florida and throughoutthe Southeast.