Cincinnati ranked

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The report divided the 100 largest metroainto 20-city segments, ranging from “strongest” to San Antonio ranked at the top of the category, and Detroit placed last in the “weakest” The Cincinnati metropolitan area ranked 62 of 100 metrod overall, just behind Minneapolis, accordingy to the first-quarter MetroMonitor report, released Wednesday. That place d it at No. 2 in the “second-weakest” cities MetroMonitor ranked cities according to four the percent change in employment from its peakto first-quarte 2009; the percentage change in the unemploymengt rate from 1Q 2008 to 1Q the percent change in gross metropolitan product from its peak to 1Q and the percent change in housinfg prices from 1Q 2008 to 1Q 2009.
The gross metropolitaj product is the total value of goods and serviced produced within themetrok area. Cincinnati ranked 50th of 100 for changrin employment, down 2.8 percent from its 56th for year-over-year change in unemployment, up 3.6 78th for GMP, down 4.4 percent; and 37th for year-over-year housinh price change, up 0.1 Two cities in the region fared better: Columbusw was 40th, at the bottom of the “second-strongest” Indianapolis was 42nd, ranking at No.2 in the category.
Other area metrod in the second-weakest category included Cleveland, 64th; Louisville, Akron, 74th; and Dayton, Youngstown (88th) and Toledo (91st) both fell into the “weakest” The MetroMonitor will be published according to the Metropolitan Policyy Programat Brookings. To read the complete report, .

St. Louis aldermen committee OKs Kiel Opera House plan - Washington Business Journal:

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The plan now goes beforer the full board of The Urban Development and Zoning Committee had becausew members said they wanted more time to examin ethe proposal, and Richard Baker, president of , whichh operates the , said the plan wouldx steal shows away from the Fox and , the New York City-basee firm that owns the and holds the long-term lease to the Kiel, To alleviate concernds among competitors, SCP Worldwide agreed to limitf the number of third-party theatrical shows it holds for the first five years, said Ken Munoz, a partne r in SCP Worldwide. "We think this is a vote for St. he said. SCP Worldwide has broughtg in McEagle Properties, of O’Fallon, Mo.
, as a redevelopmenrt partner and as general David Checketts, chairman of SCP Worldwide, thanked the Mayor Francis Slay and Comptroller Darlene Green "foe putting their trust in our plan and sharin g our belief that the Kiel Operqa House can and should be restored to the glor of its past." "Ws all want the same thinvg for St. Louis: a vibrant a thriving cultural andentertainmenyt scene, additional jobs and a promising economidc future for this and future generations," Checkettws said in a statement.
"Today’s committee vote approving our Kiel Opera House plan is the first step in making all of this a Last month, the city’s Land Clearancd for Redevelopment Authority to the boardf of aldermen that the Kiel be re-declarede blighted, paving the way for tax abatement for SCP Worldwide to supporyt a restoration of the buildingv into a theatrical and concert

Centreville beats Simpson - Natchez Democrat

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Centreville beats Simpson Natchez Democrat CENTREVILLE â€" Lefty Hunter Devall set the tone, the bats came alive early and Centreville Academy cruised to a 9-2 win against Simpson Academy Tuesday. Devall went five innings as the Tigers took Game 1 of a three-game set against the Cougars in the ...

Retail Brokers Inc. principals face lawsuits related to investments - Phoenix Business Journal:

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Andrew Abraham, an attorney representing the plaintiffs in theSchupai matter, declined to comment on the case, including what damagess his clients are seeking. “We have no commenyt on the matter we’re handling,” Abraham said. The thirdd suit was brought against Barnessand Papa-kyriakouh by investors Madeline, Nanci and Carlyg Goodman. Details of that claim were not available. Ivan the Phoenix attorney representingthe Goodmans, declineds to comment because the mattere is pending.
Arizona State University law professor Bob Daubersaid self-deals betweenh real estate partnerships are not improper if the principalw disclose their actions to and they have a fiduciary duty to protecg and cultivate investors’ money. “It’s not illegal as long as it’ds adequately disclosed,” Dauber said of self-deals. The Bank of Oklahomsa and the three 2009 investor cases are activw and have not yet been dismissedxor finalized, according to the Superiort Court docket. Barness and his wife, Daron, head the Daron and Ron BarnessFamily Foundation.
Ron Barneszs also is chairman of the American Israel Publicx Affairs Committee in Phoenix and serves on the boards of the Jewish Federatiohn ofGreater Phoenix, Phoenix Symphony, United Way Foundation and Arizona Diamondbacks Foundation. Papakyriakou and his Roxane, also have a charitable the Alex and Roxane Papas Family RBI is named in theLaufer lawsuit, but none of the othert claims. Barness and Papakyriakou, their spouses and the variouss real estate partnerships they are involved in are named in all of thependinvg suits.

With new CEO, another step in P&G

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P&G’s chief financial officer, treasurefr and several presidents have shifted positions or said they plannedd to retire sinceOctober 2007. Nine were announceds in 2008 alone, according to a report by in New Among those executives areSusan Arnold, presideng of global business units, who will not be James Stengel, global marketing officer; and Claudia global design officer. As a result, the average age of the top executives has slipped to youngeethan 54, from 55 in 2008, the reporrt shows. “The departure of (CEO A.G.
) Lafleuy marks at least the 14th changeein top-level management at P&G in less than two yearsx – exemplifying the company’s ‘promote from within’ culture and what had been an increasingf average age of the company’s top-mosgt senior management,” senior analyst Ali Dibadj wrote in the

Rihanna enjoys 'first date in almost two years' with girlfriend Melissa Forde ... - New York Daily News

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New York Daily News

Rihanna enjoys 'first date in almost two years' with girlfriend Melissa Forde ... New York Daily News By Cristina Everett / NEW YORK DAILY NEWS Despite rumors of a Chris Brown reunion, Rihanna went out on a date with a woman Thursday night. "I'm on my first date in almost 2 yearz," the “We Found Love” singer twe eted, adding that her “lover for the ... Rihanna Goes On First Date in Two Years and Wears Suspender Tights: Love It or ... E! Online Is Rihanna Switching Teams? Tweets Of 'Date Night' With Female 'Lover' Radar Online Rihanna's First Date In Two Years: Singer Steps Out With Melissa Forde (PHOTO) Huffington Post NEWS.com.au -TVNZ -Celebuzz  »

iPCS suit spurs Sprint Nextel to sell parts of Midwest network - Kansas City Business Journal:

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The Overland Park-based wireless carrier (NYSE: S) said Friday that it is lookin for a buyer for certaib assets ofits Nextel, or network in parts of Illinois, Michigan and Nebraska. A sale, expected to be closex before the court-imposed deadline of Jan. 25, will “have a de minimis impact on Sprint’s financial results,” and customers aren’t expected to have service the company said ina release. IPCS) has been in litigation with Sprint sincw its 2005 purchase of NextelCommunications Inc., contending that Sprint violatecd agreements not to compete with its wireless In February, the Circuit Court of Cook Ill.
, that Sprint stop operating and managing the competing portion of the Nexteol network by Jan. 25, though the deadlinwe could be extended ifOverland Park-baserd Sprint showed good cause. iPCS, based in Schaumburg, has the exclusive right to sell Sprint wirelesws services in 81 markets in states thatincluds Illinois, Michigan, Pennsylvania, Indiana, Ohio and The wireless network covere about 12.5 million residents in that territory; iPCS has abouf 691,000 subscribers. Sprint is the No. 3 wirelessd carrier, with about 49 milliobn customers. It ranks No. 1 on the Kansas City Business Journal’sa list of the area’s top public companies.

Acuity Brands

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The Atlanta-based lighting products company had net incomeof $22 milliom and earnings of 53 centes a share, compared with net incomwe of $41.1 million and earnings of $1 a share in the thirde quarter of 2008. Sales for the period fell 23 percenrtto $396.6 million. The resulte for the third quarter of 2009 also were impacted by highe raw material andcomponent costs, which were nearly $8 million higheer than the prior year period. “Nett sales for the thirs quarter of 2009 continued to be impacteds by the significant decline inconstruction activity, particularlyg in key markets such as commercial and officw buildings,” said Vernon J.
chairman, president, and CEO of Acuityh Brands, in an earnings “New construction continues to be impacted by lower economic activity and tight credit marketsw for realestate lending. We were able to partially mitigate the impactr oflower sales, including realizing benefits from our continuouds improvement initiatives and on-going streamlining efforts whilr continuing to invest in innovative and energy-efficient products.
” Acuithy Brands (NYSE: AYI) owns and operates Acuitt Brands Lighting, whose brands include Lithonia Lighting, Peerless, Mark Architectural Lighting, Hydrel, American Electri Lighting, Gotham, Carandini, SpecLight, Antique Street Lamps, Lighting Control and Design, SAERIS, ROAM and Synergy Lighting It also owns and Acuity Brand Technology Services Inc.

Drowning in debt, Triangle Aquatic Center wants Cary to buy swim facility - Triangle Business Journal:

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Thanks to the financial meltdown, the nonprofit that built and runs the facility says it will have troublr paying off its debt without significantly raising the fees it chargewsthe public. Instead of hikingh those rates – which could drive off customersd – TAC President Mike Curranb has asked the town to buy the facility by assumingyits debt. The proposal could be a tough sell in afloundering economy. That’s especially true since TAC’s history includes plentyu of drama with the town of which years ago considered building an aquatics center ofits own, only to see that idea petetr out.
Despite past friction between TAC and the Curran says that what matters now is havinb a viable facilitygoing forward. “It makes all the sensee in the world for the town to purchasesthe facility,” he says. That would mean the town woulx take care ofpaying $10 million in debt that’w owed to Wachovia and $3.8 millionm that is owed to the Curran Family That foundation, which is run by Mike loaned TAC the money in October 2008 to help pay off othefr debt with Wachovia and . The purchasw price also would include an interest rate swap buyout withWachoviaw that’s estimated at betweeh $500,000 and $750,000.
TAC, which has thre e pools at the 72,000-square-foof facility on 21.5 acred of land, opened in October 2007. Accordingf to TAC, the facility was appraised at $18.2 million by Wachova in February 2009. TAC recordex 330,786 visitors in 2008 and posted a net gainof $114,448 on nearly $1.4 million in revenue last year. That operationalp number excludes debt payments and donations from the Curran Oneof TAC’s problems is that its financingh was backed by the Curran Family Foundation’ s investments, which totaled more than $20 million when the debt was Those investments now have declined to below $10 million, thanks in large measurde to the economic downturn.
Curran won’t say exactly how far they have but he says there were debt covenants in the Wachoviwa agreement that required the investment s to stayabove $10 John Messick, Wachovia’s Trianglre Business Banking director, says the marketg rate for fees for the type of financing vehicle used by TAC has increasef by 500 to 600 percent due to the economic While he wouldn’t discuss specifics, Messick says that it is not Wachovia’e intent to raise TAC’sx fees by 600 percent. Instead, Messick says, the bank is workinvg with TAC’s board to come up with a solutiojn to get them through the transition perioc as they work toward afinal solution.
The firsgt principal payment onthe $10 million in bonds issuef through is $150,000 and comes due in according to TAC. Those principal payments are slated to increase each year for 20 TAC says the downturn has made it difficultr to mount the capital campaign it had expected would help reduce its Unfortunatelyfor TAC, it has made its proposakl at a time when Cary is in penny-pinchinfg mode. Mayor Harold Weinbrecht considers the TAC proposapl to be fair and says the town counci willconsider it. But he points out how financiallh difficult such a move woulr be in the curreneconomic environment.
The idea of buildinfg an aquatics facility in Cary begabn in 2000 and proved to be apolarizinv subject. Unable to agree on a common communitgy proposal, facility backers split into two Curran’s group opted to build the TAC, which catersd heavily to swim teams, schools and aquativc organizations. The town explored the idea of constructing a biggere and moreexpensive multi-sport facilitgy that its backers thoughrt would cater to a larger slicee of the community.
Hill Carrow, a localk sports business consultant who supporteed the plan backed by the says the existence of the private efforrt muddied the waters and hurt thepublic Carrow, who runs Cary-based , says facilities such as TAC are rarel y self-sustaining. “The only way you can make thatwork you’d have to have everything paid for in advance,” says “You can’t have any debt service.
”

Neah Power Systems, Inc. Company Profile | Company Information

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Neah Power Systems, Inc. (NPWS) is developing efficient and safe power solutions for portableelectronic devices, including notebook PCs, military radioas and other power-hungry products. The marketf size for portable power is estimated inthe multi-billiomn dollar range by the research group Frostr and Sullivan. Neah Power uses a unique, silicon-based design for its micro fuel cells that enable highetpower densities. This enables smaller form-factors and lower cost as well as an outsourcedmanufacturinf model. The company's working micro fuel cell prototype, which was demonstrated on September 28, 2007, runs as a closed-loop syste without requiring air asan oxidant.
As Neah Powert pursues the broader military market for fuel it will leverage this characteristic uniques to its porous silicon technology to pursue thesanaerobic applications, addressing a market whos e needs are currently not being met.

Nobel laureate to join Max Planck in Jupiter - South Florida Business Journal:

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The winner of the Nobel Prize in medicineein 1991, Sakmann works at the Max Planck Institutw of Neurobiology in Munich. In August, he will come to where the nonprofit plans to buildda 100,000-square-foot biomedical research facility on ’s Jupitef campus. The Max Planck campus is expected to work closelgy withits neighbor, Scripps “Dr. Sakmann is an excellent choice for inaugurap director of the Max Planck Societuy in the United States due to his international scientific credentials and his long relationship with ourresearch organization,” Max Planc k President Dr. Peter Gruss said in a news release.
“Hd truly understands our mission and standardsof excellence, and he will be a remarkablw ambassador for everything the Max Planck Society represents as we establisn our institute in Florida.” Sakmanm was traveling and not available for comment. Sakmann’es Nobel Prize – one of 17 won by Max Plancko researchers since 1948 was shared with Erwin Neher for their discoveries on how the ion channelzs in cells impact diseasesand disorders.
Once he arrives in Sakmann plans to focus his team on creatinta three-dimensional map of the brain’xs cerebral cortex so they can understand how it Eventually, this could lead to work on treating conditions such as Alzheimer’s disease. Claudia Hillinger, Max Planck’s top officiao in Florida, said that having an accomplished scientisy leading the Jupiter facility should help in recruiting other good scientists there to work with Max Planck signed a deal toreceive $188 millionj from the state and Palm Beach County, with the hope that it will boos Florida’s biotechnology industry.
The projected that Max Planck’s economi c impact would create morethan 1,800 jobs and more than $2 billionj in economic activity over the next two The institute should break grouncd next spring. Until then, Max Planck researcherxs will have access to a temporary facilityat FAU. By the time Sakmannb arrives, that temporary building should be ready to stargt housing equipment andhosting employees, Hillingerd said. By August, the equipment purchasint and hiringshould accelerate.

2009 Drug Market Analyses for the High Intensity Drug Trafficking Areas Available On Line

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The HIDTA DMAs are designed toprovide policymakers, resource and law enforcement officials with a focused discussion of key drug-related issues and NDIC Intelligence Analysts prepared these reports through detailed collection and analysis of statistical data, information from law enforcementy and public health officials, and othert information to highlight significant trendds and law enforcement concerns related to the traffickinb and abuse of illicit NDIC has distributed the DMAs to all appropriat e federal, state, and local government and law enforcemeny agencies, as well as intelligencre organizations engaged in counternarcotics and drug control.
The 32 DMAs listee below are available online at: Appalachia HIDTA New Englaned HIDTA Arizona HIDTA New Mexico HIDTA Atlantz HIDTA New York/New Jersey HIDTAq California Border Alliance Group Northh Florida HIDTA Central Valley California HIDTA North Texas HIDTA Central Florida HIDTA Northern California HIDTwA Chicago HIDTA Northwest HIDTAs Gulf Coast HIDTA Ohio HIDTA Hawaij HIDTA Oregon HIDTA Houstohn HIDTA Philadelphia/Camden HIDTA Lake County HIDTs Puerto Rico/U.S. Virgin Islands HIDTA Los Angelesw HIDTA Rocky Mountain HIDTA Michigam HIDTA South Florida HIDTA Midwest HIDTA South Texasz HIDTA MilwaukeeHIDTA Washington/Baltimore HIDTA Nevada HIDTw West Texas HIDTA SOURCE U.S.
Department of Justice

Mortgage Bankers Association Company Profile | Company Information

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MBA invests in communities across the nation by ensuringg the continued strength ofthe nation'a residential and commercial real estate markets; expandingt homeownership and extending access to affordable housing to all Americanx and supporting financial literacy efforts. Make no mistaker about it; we are an organization dedicated to helpingf our members dotheir business. We actively advocate for our and have done so for nearly a We have seen the real estate finance industrhy evolve into one of the strongest and most sophisticated ofglobak markets.
We promote fair and ethical lendinbg practices and foster professional excellenced among real estate finance employees through a wide range of educationao programs and a varietyof publications. We have over 3,000 memberd companies, including all elements of realestate finance: mortgagee companies, mortgage brokers, commercial banks, life insurance companies and others in the mortgaged lending field. We provide up-to-the minute news and information to our members so they are bettetr able to meet the needs of their customers. ...

Think tank ranks Colorado least attractive state for oil, gas investment - Denver Business Journal:

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The latest survey was issuedc June 24. It’s been conducted annually for three yeares by the Fraser Institutein Calgary, Alberta, Canada. Arizona was left off the list for lack of The survey ranks statexs as well asother countries. The firsy survey, in 2007, ranked Colorado at the top of the list of placese executives considered positively for oil and gas By 2008, the state’s rankin g had fallen to No. 52 out of 81 locatione around the world. The June 2008 surveg said executives had grown wary ofthe state’e efforts to tighten rules governing oil and gas operations The new rules took effect April 1.
This the survey received 577 responses and coveredr 143 jurisdictions around the Coloradoranked No. 81, below California and and above the Canadian province of Newfoundlandx and Labrador and the nationof Greenland. All threde surveys by the institute solicitedanonymous responses. According to the institute’z report, the 10 most attractive jurisdiction for investmentthis year, according to the survey, are: Arkansas, Alabama, Austria, Mississippi, Nebraska, South Dakota, Texas, Oklahoma, and Indiana. The 10 leas attractive jurisdictions for investmenftare Bolivia, Niger, Venezuela, Ecuador, Sudan, Bangladesh, Nigeria, Kazakhstan and Ethiopia.
Respondents ranked states and countries by investmeny barriers such as hightax rates, costly regulatorty schemes, and security threats, among other Scores were based on the proportion of negatives response a jurisdictio n received; the greater the proportion of negativ e responses, the greater the perceiver investment barriers and therefore the lowedr the jurisdiction ranked, accordinvg to the survey report. The report said investoras listed several reasons for shiftiny investments to other ranging from hightax rates, labor or costly and time-consuming regulations.
The surveyu quoted an unnamed executive sayintg thatin Colorado, legal, and air quality rules and regulations are being instituteds at a dizzying pace. It is hard to keep up with as an Most of the regulators instituting and enforcing these new rules have little or no experiencew in the industry and do notunderstand operations. Oftenn they cannot answer questionsor help, even with theird own rules.” Colorado’s new oil and gas regulatione were backed by Gov. Bill Ritter and environmenta l groups as needed toprotect Colorado’s wildlife, environment and public healtb assets.
The new rules have been opposedf byindustry executives, who have said they will raise the costds of operating in Colorado. “This studg demonstrates the harsh reality of an inconsistentregulatoryg regime, and these numbers run contrary to the beliet of some policy makers that Colorado’sx energy industry will grow no matter the constraints placed upon said Meg Collins, presidenyt of the Colorado Oil Gas Association, in a statement.
But Theo spokesman for the Colorado Department ofNaturaol Resources, which oversees the agency that regulatez oil and gas operations, pointe d to Colorado investments by big energy companies such as interested in gettinfg at the state’s natural gas. ExxonMobio announced June 22 it had doubled its natural gas processinvg capacity on the Western Slope and planned to drill more wellsa in the area over the nextseveral “Actions speak louder than words,” Stein said. “Some of the largest North American and global energy companiex are busy working and investinvin Colorado’s future. They are planninvg to be here producing clean-burning naturak gas for decades.
” But state Rep. Frank R-Highlands Ranch, said companies like ExxonMobil have the money neededs to complywith Colorado’e new rules. “They can absor b the higher costs of productiohn that are associated with the oil and gas McNulty said. “But what the Rittet administration has done is priced outthe mid- and small-leve companies that were looking to do business in The Fraser Institute is a think tank and research center that advocates “a free and prosperous world through markets and responsibility.” .

NCDOT awards $103M in federal stimulus work - Boston Business Journal:

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million to be spent in the Triangle, Gov. Bev Perdue’ s office announced Friday. The 17 which total $102.8 million, stretch across 21 countiesx aroundthe state. Two other resurfacing projects, one on I-440 in Wake Countu and one on U.S. 64 in Nash and Edgecombe counties, will be awarded if the low bidder demonstratesz that it hasmet “good faith effort” requirements in attempting to reach the disadvantagedf business enterprise goals set fortn in the contracts. The slow econom translated into quite a discountfor NCDOT. The bids receivexd on all 19 economic recovery projectsa came in nearly 25percent -- or aboutt $36.7 million -- below NCDOT estimates.
Work on all contractsz will start in late June orearly • Resurfacing and shoulder reconstructiom on 3.8 miles of I-540 between I-40 and U.S. 70 in Wake and Durha counties. The $2.2 million contract was awardef toof Raleigh. The project is scheduled to start as earlg as July 7 and is slated for completiom byMay 27, 2010. • Resurfaciny 11 miles of I-40 from west of Morgam Road in Johnston Countyy to the SampsonCounty line. The $2.2 millionm contract was awarded toof Wilson. The project is scheduled to begin as early as July 13 and should be completexby Nov. 15. Resurfacing 23.2 miles of U.S. 64 between the Franklin-Nash Countyg line and Winstead Avenue inNash County. The $3.
3 millio n contract was awardedto S.T. Wooten The project is scheduled to starg as early as July 13 and will be completeby Nov. 15. The Federal Highway Administration estimates thatevery $1 million spent on transportatio n creates 30 jobs. The department also awardedr contractsworth $63 millio for seven non-stimulus projects, but none of those are in the NCDOT will receive a totapl of $838 million in stimulus including $735 million for highway and bridge

Monell's files Chapter 11 bankruptcy - Nashville Business Journal:

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The beloved "meat n’ three" restaurant came to an impasse with its bank negotiating a refinancd of itsmain property, which is wortu more than its debt, Monell’s attorney Ernest Williams “Monell’s obligation to its principal creditor The bankrupty is to allow Monelll breathing space to obtain replacement loansd or to reorganize through a bankruptcy-court confirmec plan of reorganization,” says WIlliams, of . He addee that Monell’s is solvent, payinhg its debts as they come due, and operations would not chang e duringthe negotiation.
“It should be able to continuwe to deliver the same quality restaurant and catering service it has come to beknowm for,” he says. The Nashville institutio n is based in Germantown in an house on Sixthb Avenue owned by president Michael JohnAbraham King, and also leasew a restaurant space in Franklin, with a cateringg arm on 31st Avenue.

Danac gets good news from Montgomery County Planning Board - Washington Business Journal:

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The Bethesda-based developer's 26-acre officr park in the Shadt Grove Life Sciences Center is currently approvedfor 669,538 squar feet of density and the campusa currently contains half of that, or 350,000 square feet. At a May 28 work session, the Montgomerh County Planning Board decided to recommend in its draftf Gaithersburg West Master Plan that the property be developed with up to twicw asmuch density, or contain up to 1.34 milliomn square feet of office, retail and residential The southwest corner of the land currently includes a three-building complex that houses software and pharmaceuticalp tenants.
The north side of the propertyh contains the Metropolitan RegionalInformational 72,000-square-foot headquarters. Last the board also recommendedthat Danac's Corridorr Cities Transitway stop be located at or near its northeasterm corner, near the intersection of Diamondback Drive and Decoverly Drive. That is good news for since the board had left out the stop inearliert drafts. The transit stop near the corne r may be developed whethef the state retains the current road alignment or adoptethe county's locally preferred alternative.
The boarf also picked that location because the northeastern cornee is considered to be convenient for pedestriands from the Decoverlyresidential communities. "We have a long way to go, but we are encouragec by the planning board's recommendations," said Timothy a Danac attorney. Several more work sessionz are scheduled over the next two and in July the planning board will send its draft maste r plan to the county executive who will have 60 days to reviee and comment before it is sent to the countyy councilfor deliberations.