Labatt expects growth in Buffalo - Wichita Business Journal:

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When New York-based KPS, a $1.8 billiojn private-equity firm, bought Labatr USA last winter, it pledged to keep the popularCanadian beer’a U.S. headquarters in downtown Labatt USA moved the headquartersw from Connecticutto downtown’s Key Centerr at Fountain Plaza complex two years ago. Many fearedx the sale of Labatt USA would translate intothe U.S. headquarterds being relocated. Those fears can be tossesd aside, said Richard Lozyniak. He is the newlu named chief executive officerof , the KPS affiliatee that owns Labatt USA and Rochester’z High Falls Brewing Co. LLC. High Fallxs produces the GeneseeBeer brand, as well as the Dundeee Ales and the Seagram’s Co. Ltd.
line of wine cooler and malt beverages. Labatt USA, which had 20 peoplre working in the downtownBuffalo office, expects to nearly doublre the local workforce by hiring as many as 16 peoplw to focus on sales, marketing and administrativs support. To put things into perspective, consider that with as many as 40 peopld working from the KeyCenter offices, that woulxd be more than half of the 77 peopld the beer manufacturer has workint on sales and marketing throughouy the United States. All of the out-of-town sales and marketingv personnel will report to theBuffalo office.
“jI guess that puts an exclamation point to the fact that Labattt remains fully committed to keeping Buffalop asits headquarters,” Lozyniak said. “Buffalpo is absolutely criticalto Labatt’s futur in the United States.” North American however, will be headquartered at High offices on St. Paul Street in downtowmn Rochester. Lozyniak will live in but he said he expects to be spending a fair amountf of time in High Falls has 370 employeesin Rochester. The plantt has the capacity to annually producd 3 million barrelsof beer. A barrel is equalp to 13.8 cases of beer.
Nortyh American Breweries will beinvesting $10 milliomn in equipment upgrades for the High Fall s plant, which it acquired last shortly before it bought Labatt USA. The U.S. Departmenft of Justice orderedLabatt USA’se former owner, Interbrew International B.V. an affiliate of beer-making giant InBegv – to sell the Canadian beer because of possibls concernsover monopolies, given the markett strength of Labatt and Budweiser brands in Upstate New The Buffalo Niagara region alone accounts for approximatel 3.3 million cases of beer of the estimated 21 milliohn cases that Labatt sells in the Unitexd States each year.
Beer Marketers Insight lists Labatyt USA asthe country’s ninth most popular beer. High Falls, througj the Genesee and Dundee beers, sold approximately 5.5 milliob cases of beer last Anheuser-Busch topped the Beer Marketers Insight rankingwith 1.5 billiomn cases of beer sold last year. “Looking at what KPS is it looks like they are putting their money where theiremouth is,” said Ben Steinman, Beer Marketers Insight editor. “Theyt are placing their bets,” he said. “They must see somethingt the other ownerseither didn’t see or couldn’gt execute. It does appear they do have a definite game plan for Labatttand Genny.” Lozyniak agrees.
The game plan is to grow both Labatt andGenesee beers. Labatt’s focuws will be more national, especially with so many Canadians livin or working in theUnited States. The beefed-up Buffalo sales and marketing force will play a significant rolein Labatt’s “Especially in the Greart Lakes states, people can relate to Lozyniak said. “Everyone has a favorable impression of Canadaw andits beers. People don’t feel like a snob when they are drinkiny aCanadian beer. The image of Labatt is a buncuh of guys hanging out and havinv agood time.
”

Box Office HOTEL TRANSYLVANIA Tops, LOOPER Distant Second? - Alt Film Guide (blog)

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Alt Film Guide (blog)

Box Office HOTEL TRANSYLVANIA Tops, LOOPER Distant Second? Alt Film Guide (blog) Hotel Transylvania will easily top the North American box office this weekend, followed by the well-received Joseph Gordon-Levitt / Bruce Willis sci-fier Looper at a distant second. According to early estimates found in The Hollywood Reporter, Sony ... Dracula To Take A Big Bite Out Of BO? Big Cartoon News Blog (blog)  »

D'Amico Cucina closing - The Business Review (Albany):

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The Italian restaurant has been in the Twin Cities for 22 The restaurant is locate in the Butler Square building at100 N. Sixth Street, next to the in downtowj Minneapolis. Minneapolis-based , which owns the blamed several factors forthe restaurant’ds closure. “The new [ ] stadium, the economy and various traffic and parkingissues — and the long-terk viability of higher-end restauranty concepts — led us to proactively closr Cucina at this time,” said D’Amico president and co-founder, Richard D’Amico, in a pressx release. The restaurant is only a blocjk west ofthe under-construction Minnesota Twins’ ballparjk that will open 2010.
D’Amico told the Star Tribunwe newspaper thathe didn’t think people would want to eat at a fine restaurantr and then go to a basebal game. The restaurant employed about 26 workers, one-quarter of whom have been absorbed byother D'Amico restaurantt businesses. “We are currently actively working on additionap Italian concepts and We hopeto re-hire staff in the coming months.” D’Amiclo & Partners owns and operates 24 restaurantws and catering locations in Minneapolis and Florida, including the Italian-themes Campiello, the modernist chophouse Cafe and Bar Lucat, the casual eateries D’Amicio & Sons and the upscale-Mexican restaurant Masa.
Briann Burg, general manager of Butler Square for Northmarq Real Estate said that Northmarq only learnec ofthe restaurant's closure this He declined to say when D'Amico's leasr for the 8,660-square-foot restaurant expires or if Northmarq plans to put the space up for lease soon. "Wse are working through these matters with Burg said. He addedf that "the closing of a great restauran is asad occasion, but we know that Butler Squarre and the Cucina location are ideallyh located to benefit from the new and dynamicc changes that are occurring in the Warehouse District.
"

Kevin McClatchy says he's gay - Kansas City Star

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Kevin McClatchy says he's gay Kansas City Star McClatchy, 49, said he made the personal disclosure in the hopes that it would give strength to young people in sports who were hiding their sexual orientations out of fear. There still has not been an openly gay athlete in one of the major team sports ... and more »

Parsinen Law sold to Indianapolis firm - Dallas Business Journal:

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Minneapolis-based Parsinen, founded in 1981, will officiallgy become part of Indianapolis-based Barnes & Thornburg on July 1. The firm has 22 including 14 partners. Parsinen’s practice areas includee business litigation, commercial real estate, corporate law, employmenft law, employee and executive benefits, personal legal planninfg and renewable energy. In a Parsinen Managing Partner Howard Rubin said the firmremainedd profitable, but increasingly has had to turn away business that doesn’t fall into its core practice Barnes & Thornburg will help fill gaps in areasz such as intellectual property, he said.
“We were lookingh for more breadth to offefrour clients, and Barnes & Thornburg providedc an ideal fit for us as a Midwest-based firm with a nationakl presence,” Rubin said. “Barnes & Thornburg maintains quality practice at a price point consistentwith ours, addinbg immediate value to our clients.” The Minneapolis office will be Barnez & Thornburg’s 10th offices nationwide. The firm has roughly 540 attorneys and otherelegal professionals.

Bon-Ton April same-store sales down, but tops outlook - The Business Journal of Milwaukee:

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percent and total sales for the perioddecreased 4.7 to $199.4 million. For Bon-Ton’d fiscal first quarter, comparable-stor e sales decreased 8.6 percent and total saleas decreased8 percent, to $644.5 million. April salez results slightly exceeded expectationsof Bon-Ton executives, said Tony the company’s Milwaukee-based vice chairman and president of The retailer’s inventory management resulted in a decreaser in comparable-store and clearance inventories of 11 percent and 16 respectively, he said. “Consequently, we are in a freshe r inventory position as compared with theprior year,” Buccina said.
Bon-Ton’s best-performing businesses were children’s, hard cosmetics and ladies’ moderate sportswear. The weakest-performingt businesses were furnitureand men’s better Buccina said. Bon-Ton is schedulee to release its financial results for the first quarter onMay 21. which is based in Pa., operates 280 stores, including 12 furniture galleries, under the Bon-Ton, Boston Store, Carson Pirie Scott, Herberger’s and Younkers nameplates and, in the Detroi t area, under the Parisian nameplate.

Savara Pharmaceuticals obtains Series A financing - Orlando Business Journal:

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million Series A financing round, according to a U.S. Securitied and Exchange Commission filing. The Austin-based company is developinf an inhalation-based drug delivery system and will use the funds to continu development of its NanoCluster technology in the dry powdertherapeuticsw market. Savara, which moved from Kansas last didn’t disclose its investors, but the SEC filing indicatee they've attracted 13 backers. Savarza was founded in 2007 with technology developed atthe . In late it moved to the five months after Austin entrepreneur Rob Neville was namedthe company’s chairmanh and CEO.
Neville previously was founder and CEO ofanotheer ATI-based company, That startup was acquired in 2000 by Houston-baseds for $100 million about a year afterr it was founded. Savara’s pulmonary — or via the lung — drug delivery product, initially develope in 2004, is based on nanotechnology and dry powderd rather thanconventional propellants. It plans to offerr its platform to drug makerss seeking alternative delivery methods and to develop itsown drugs. Last year, Savara garnerecd an undisclosed amount of financing from a syndicats of 12angel investors, most based in Neville said. During Austin-area life sciences companiezs attracted $18.
7 million in venture capital comparedwith $195.12 million in 2007, according to .

Wade project stalls as Post Properties seeks equity - Atlanta Business Chronicle:

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Most of the street, sidewalk and infrastructures work is finishedat Wade, but nothing has risen from the grounde at the site where plans to builxd 1,500 multifamily and single-family residentiao units and 150,000 squarre feet of retail. “Wade is one of thres projects that we’ve identified as our highest priority, but timing is the big questiom mark,” says Jeff Harris, executive vice president of Post Properties in chargde ofthe Atlanta, Charlotte and Raleigh markets. Post Propertiese in 2007 paid $30 million for 125 acres at the intersection of Wade Avenure and Edwards Mill Road for a projec that was first propose byof Cary.
In a separatr deal, of Raleigh purchased the Wade land designated for five multistoryg office buildings and delivered thefirst two, Wade I and Wade II, in 2008 with about 97,00p square feet of space each. The buildings were 63 percenrt occupied asof Dec. 31. Lichtin Corp. executivwe Karen Lichtin says all the partners involvedin Wade’ s development remain committed to the project. “Everyone is still emotionally and financially dedicated tothis project,” says “We are very optimistix … that this project will be completeds as envisioned.” Post and Lichtin split the cost of much of the $2 millioh in road and streetscape improvements for a 1.
6-acre town square that will be the centerpiecew of the project. Additionally, a Rhode Islaned hotel development company haspurchased 2.6 acres designates for a hotel near the front entranced to the property. Stonestreet NC LLC, whicu is affiliated with Stonestreet Hospitalityof Providence, paid $3.5 million for the land on Dec. 31, accordin to Wake County records. A representativr of Stonestreet did not return callzs to discussthe company’s plans. Harrixs says Post Properties, which has delayed five othetrprojects nationally, now is seeking equityt partnerships with institutional investorss or pension funds so it can move forwardr with building.
“We’ve been in conversation with prospectivweequity partners, but none are willing to commiyt to anything right now,” Harris stock analyst Stephen Swett writes in a December report that while the apartment sector has benefite d from people moving back into rental propertie s following the residential market collapse, he believesa the tide will change in 2009. “As the economidc decline deepens, we expect the areae of pain to spread, with economic weakness and employmentf losses inevery region,” Swett writes.

Lehr Auto Electric to move from midtown to North Sac - Denver Business Journal:

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Since Jim Stommel bought in May the shop has outgrown its midtown location and almosft doubledits staff. The 63-year-old company, now , repaires automotive electric systems and providees equipment for emergency Lehr sells equipment such as carlight bars, sirens and prisomn seats to cities, counties and state and federa agencies. The company also installs equipment into new Toaccommodate growth, Stommel plans to move the business to northu Sacramento in first-quarter 2009, almosy doubling from 10,000 square feet to 19,00o0 square feet. Lehr’s work forcwe has increased to 30 employees during the past two from 17. Lehr operates out of leased space at 3001L St.
The companhy is in escrow to purchase avacantg 4,000-square-foot building on Northgate Boulevard at Striker Avenue. Escrow is expectedc to close by the end ofthe month, Stommelo said. Lehr’s expansion plans include constructinta 15,000-square-foot building next to the smaller building. Bill Niethammetr with ’s is representing Lehr in the deal. of Sacramentio is handling theconstruction project. The budget for the projecgt isabout $2.26 million. Stommel bought the company’s asset in 2006 with a loan through . He recentlt took out a $906,000 SBA loan througuh to help finance theexpansion project.
As Lehr has landecd more contractsfor emergency-vehicle equipment and installations, the company’ annual revenue has increased 20 percent to 25 percenr a year, Stommel said. He declinec to be more specific, but as a certifier small business, Lehr’s revenue is less than $13 million a Stommel bought the shop for anundisclosedd amount. Until the 1980s, the compang specialized in electrical systems and When most carburetors were replaced with fuel Lehr startedthe emergency-vehicle business. All of the company’ds growth has occurred on the emergency-vehicle side of the “I aggressively go after new Stommel said.
New customerse include the , the California Department of Corrections, the and the citiesz of Roseville, Rocklin, Davis and Lehr outfitted 16 Ford Expeditionw forthe U.S. Forest Servicse this spring. The contract, which included equipment and wasfor $160,000, or about $10,0000 per vehicle. Dennis Cullen, a patrol captain for the U.S. Foresty Service, was the inspector on the job. “Jim was very easy to work with,” he “Anytime they had questions, they’d call us for Ned Whisler, owner of in Yuba said there aren’t many shops that do equipmentt installations foremergency vehicles. Many have just two or thres installers. Whisler has six. Lehr has 14.
Whils it’s a niche market, Whisler said it’s dependent on the stat budget. Cop Shop Installations has three months worth of but nothingafter that. Customers waiting on a state budget don’ft know how many cars they can order. “That’x putting everything on hold right now,” he said.

Another drop in Colorado sales-tax revenue - Denver Business Journal:

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percent — in May from the same montj theyear before, girding legislators for what they expect will be anothedr round of cuts in next year’s fiscal budget. With the statre most of the way throughg a fiscal year that ends onJune 30, no more cuts are likelgy for this year, said Joint Budget Committer Vice Chairman Jack Pommer, a Democratic representative from The Legislature has designated that any furthere funding shortfall this year will be filled by moneg from the state’s undesignated reserve fund and from a one-da y borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations means the six JBC memberas who setthe state’s budget must begin lookingy soon at additional ways to scale back expenses or servicee in next year’s fiscal plan, several members said. “I guess this means we’re not out of the woods Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’v e already made.” Legislators fille d a $1.4 budget shortfall over the past six months by raidingg the reserve funds, transferring hundreds of millions of dollars from cash-funde d accounts and cutting abougt $300 million in services.
As revenuese continue to come in below that talk willbegin again. States sales-tax receipts for May were off by $30 a 17.9 percent drop from last Individual income taxes fellby $66.3 millioj or 19.7 percent, and corporate income taxew dropped by $2.2 million or 13.2 percent. State reservesa have about $148 million that can be used to offsetfrevenue shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the state must transfedr funding temporarily, however, that will only push the problemm of balancing the budget furthee off untilnext year, he “The question is: Does revenue in the future pick up if we’rre starting to see recovery, or not?” Ferrandinoo said.
“We’re starting to see some indications that the economyt is startingto recover, if not level off.”

Motorola to slash 4,000 jobs - South Florida Business Journal:

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Company spokeswoman Kristine Mulford declined to say how many of the layoffsz will come fromSouth Florida, but noted that the cuts will begi n immediately. In June, the electronicas giant told the South Florid Business Journal that it hadabouf 2,500 employees at its Plantation facility, but, on declined to give updated numbers. The layoff news followsw the company’s December announcement that it will permanently freezse pension plans and temporarilyu stop contributingto 401(k) plans for U.S.
The company also said employeezs in many of its markets will not receivre salary increases next Stephen Dunn, a technology analyst with in Boca said the layoffs will likely impacyt the Plantation facility, since it historically has focused on mobilre products. “If [the layoffs are] relatee to their cell phone business, that, I believer is the significant employment at thePlantation facility,” he The company’s press release said aboutg 3,000 of the 4,000 jobs will be associated with the mobilre devices business. Motorola’s Mulford said the Plantation employeess work on mobile government andpublic safety, home and networkss mobility, and corporate functions.
She however, to detail how employment is broken down accordingh tojob type. Dunn said Motorola’a mobile business has struggled in the last few years to follow its success with the popular RAZR phoned as challenges have emerged from competitors such asand , makerws of the BlackBerry and the respectively. Dunn pointed out that Motorola’s mobile segment reported losing 31 percenyt in sales for the first three quartersof 2008.
The company’ds enterprise segment, which sells business solutions, grew sales 5 percentg over thesame period, however – a bright spot, Dunn Last spring, Motorola let go more than 300 employee – most of them hardware and software engineer in the WiMAX, or fast wireless technology, organization – at its Plantation facility. The company posted a $397 million loss in the thirf quarter, after reporting a $4 million gain in the seconf quarter anda $194 million loss in the firstf quarter.
Motorola is struggling againstf the recession and the softening demand for handheld according tothe company’s most recent quarterly According to the press release, the company planws to unveil its fourth quartedr results on Feb. 3.

Electronic mapping firm TerraGo raising $4.4M - Boston Business Journal:

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million — money the startup will use for produc developmentand marketing. The Atlanta-based geographic information system technologies firm has developed software that convertzsgeospatial data, such as electronic maps, from various sources into an Adobe PDF-baser format that can be shared via the Web, mobile devic e or desktop. TerraGo noted in a May 12 filingv thatit has raisedabout $3.4 millio of the$4.4 million it is seeking. The lead investof in the new roundis Maryland-basecd LLC, which invests in life sciences, oil and gas, telecommunications and alternative energy. RedShift Ventures, an Va.-based early-stage venture capital firm and Arlington, Va.
-basefd , a venture capital firm that supportz the and other intelligence also invested. All three firms are prior investorsin TerraGo’s software helps businesses “take complex maps and imagees and extends those out to people that do not have any GIS said Chris Watson, vice presideny of marketing and business development. The , for instance, uses TerraGoo technology to equip soldiers with georeferencedbattlefielx maps. When utilities are field workersneed up-to-date details on infrastructure, outageds and current conditions.
TerraGo software, the company said, provides instanft access to geospatial data for faster response times and enables utilities to more efficientlu manage andmaintain infrastructure. Thanks to GPS devicesx and Web applications likeGoogle Earth, consumers are getting comfortablw with and savvy about using geospatial data, Watsonb said. That’s feeding the demande for business uses ofgeospatial data, she TerraGo customers include government agencies and companies that create geospatial data, said Benjamin Scherrey, who has done softwarr work for TerraGo and is chief systemws architect at Ltd.
By enabling easy and quickl sharing, Scherrey said, TerraGo’s software “enables the customer s to get a whole lot more value out of theid geodata than they otherwisw wouldhave gotten.” The technology has “some compelling and the potential customer base is big, said Alan Taetle, partned at Atlanta venture firm . “It’s just a questionb of what the uptake is and howquicmk [customers] adopt,” Taetle said. RedShift, with $220 millionn under management, continues to invest in TerraGo becauses of the management team and thegeospatiakl sector’s potential, RedShift General Partner Mark Frant z said.
“What the company is doing,” Frantz said, “ies really empowering the enterprise, like Google Earth has empowerec ... the masses.” The bulk of TerraGo’s nearly 800 customersd are in the defense andintelligence industries, utilitied and natural resource management sectors. It is hopin to target the energy companies, engineering firmds and state andlocal governments. Those markets “are ripe for TerraGo’s software because they have a large volumeof non-GIS-savvyy users who need that information to do theidr jobs,” Watson said.
TerraGo’sa revenue grew 13 percent in the first quarter compared with the prior Core software sales spiked39 percent. “Wde ... saw more customers purchasinygmultiple products, including several of our server-baser solutions that help enterprise organizationws create geospatial applications that enable grab-and-go access to the lates geospatial intelligence,” TerraGo CEO Richard Cobb said in a TerraGo, which has raised about $10 million since its launch five yearsx ago, closed a $6.3 million Series A round in 2007. That rounrd was led by RedShift Ventures, with participation from CNF Investmentdand In-Q-Tel.
In-Q-Tel is an active investorr andtheir backing, Taetle said, is validation that “thew three-letter agencies have an interest in the product.”

Destination Maternity coming to Sears, Kmart - Business First of Columbus:

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Starting in October, Destination Maternity (NASDAQ:DEST) will open 500 Two Heartzs Maternity stores in Sears and another 100in Sears-owned Kmartf stores. In the previous from April 2004 toJune 2008, Destination Maternityg (then known as Mothers Work had about 480 maternity-wear departmente in Sears stores only. When Mothers Work announces the end of thatSears deal, it said simply that it was unablr to reach an agreement to extend its partnership with the departmeng store chain. This time around, Destination Maternitty said the product lines willhave “an enhanced level of quality and design,” while still offering an arra of products under $30.
“This relationshio allows us to bring our knowledgew as the maternity apparel fashio n experts to a broader customer while providing us exclusive acces to Sears shoppers and an opportunity to reachy Kmart shoppers for thefirst time,” said Ed Krell, CEO of Destination “Enhancing our maternity collections is a critical part of our overallo plan to appeal to families,” said Craiv Israel, a senior vice president of the Searse Apparel division. (NASDAQ:SHLD), which is based in Hoffmam Estates, Ill.
, has 3,900 stores, including Sears and Kmart Philadelphia-based Destination Maternity has 1,087 retail locations, including 730 storew trading under the namedsMotherhood Maternity, A Pea in the Pod and Destinatiohn Maternity.

InterVideo revenues up 65 percent, sues Dell - Dallas Business Journal:

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InterVideo reported Q2 revenueof $27.6 versus $16.7 million last year. It reported a net loss of $4.1 or 30 cents per diluted share, after includingy a one-time charge of $4.8 million for in-procesd research and development. This compared to net income of $1.1 or 7 cents per diluted share, in the seconcd quarter of last year. InterVideo's flagshipp WinDVD software, which lets PCs play made up 45 percent of That compares to last when WinDVD made up 63 percent of InterVideo predicts its revenue for the thirxd quarter of 2005 to be in the rangeof $27 millio n to $29 million, which includes some non-recurring and earnings per share to be in the range of 15 centds to 17 cents.
On a non-GAAP InterVideo estimates earnings per share excludinh amortization of intangible assetsof $611,00o0 to be in the range of 18 cents to 20 InterVideo separately said its patent infringement lawsuit in the Unitedd States District Court for the Northerjn District of California against Dell for infringing its 788 which is a "Method and apparatus for integrating personalo computer and electronic device functions," accordinf to the company. InterVideo had earlier filed and settlede lawsuits for infringing the same patent and also its InstantON technologg against TaiwanesePC maker, in both Texas and in Taiwan.

AP Exclusive: Memos show US hushed up Soviet crime - Macon Telegraph (blog)

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Macon Telegraph (blog)

AP Exclusive: Memos show US hushed up Soviet crime Macon Telegraph (blog) WARSAW, Poland â€" The American POWs sent secret coded messages to Washington with news of a Soviet atrocity: In 1943 they saw rows of corpses in an advanced state of decay in the Katyn forest, on the western edge of Russia, proof that the killers could ... < br /> Key dates related to the Katyn massacre SunHerald.com War-time  »

Fed expects little inflation - Business First of Columbus:

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The Fed’s benchmark interest rate was held steady in a range of 0to 0.25 percent. Officiala said in a statement that they continuse to anticipatethat "economic conditions are likely to warrany exceptionally low levels of the federal fundsz rate for an extended period." Despite rising energy and commoditg prices, “the committee expects that inflation will remainm subdued for some time." The Federal Reserve also left its bond purchases plans unchanged, repeating its commitment to buy up to $1.25 trillion of agencu mortgage-backed securities and up to $200 billion of agencyu debt by the end of the year.
The Federap Reserve also will buy upto $300 billioj of Treasury securities by The Fed now believes the pace of economifc contraction is slowing, citing further signs of householed spending stabilizing and improving conditions in the financial Among economic reports that may support the Fed’s belier that the economy will soon be on the mend was the latest data on factory orders, showing orders for durablr goods unexpectedly rose in May for the second consecutivd month.

Human Capital: People on the move, June 5 - Triangle Business Journal:

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, a Boston-based technology company servinbg students, educators and added Ted Fischer as executiv vice presidentof sales, partnerships and strategicd initiatives. Fischer was previously a partnerat . Sun Life Financiak names Deschenes senior VP and GM of its annuities divisiomnThe U.S. division of , based in named Stephen Deschenes senior vice president and general manager of itsannuitiexs division. Deschenes joins Sun Life from , wherde he served as senior vice presidenrt and chief marketing officer for the retirementincome group.
Furman Gregory LLC adds Deptula as partner Furman GregoryuLLC , a Boston-based corporatr law firm now known as Furman Gregory Deptula, addede George Deptula as a partner. Deptula most recently practicedat Riley, Deptula LLP, and continues his practiced in trial and appellate cases, legal services, and mediatiomn and ADR. William A. Berry Son promotes Corcoran as project designerWilliam A. Berrt & Son Inc. , a Danvers-baseed construction management firm, promoted Josie Corcoran to project director.
She has served as a project manager at the firm for the past nine Nixon Peabody's Milder elected chairman of ; Braich namedr to firm's IP team Forrest Milder , a partnerr in the Boston office of Nixon Peabody LLP , was electef chairman of the American Bar Association ’a Forum on Affordable Housing and Community Developmenyt for the 2009-2010 In other firm Nixon Peabody added Ravinderjit “Ravi” Braich to its intellectual propertgy department in the Boston office as a patent specialist.

Westgate secures funding for Planet Hollywood Towers - Orlando Business Journal:

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Textron says it partnered witha co-lender and other participants to provide the fundingt for construction of the Planet Hollywood Towers by Westgate in Las The 50-story time-share property is scheduled to open in fall 2009. It will be locatecd on the Las Vegas strip with direct access tothe Casino. The loan closing and initial whichoccurred Sept. 20, was the Textron's TXT) largest deal with Westgate sincd they started working togetherin 1991, and the largest transactionn in the history of its Resort Finance Division. In a statement, David CEO and president of Westgate Resorts, says he considersx Textron a business partner rather than just a Westgate was foundedin 1982.
It is the largesg privately held time-share company in the world. Westgats Resorts parent company, (CFI) was founded in 1970 as a real estatewdevelopment firm. CFI now operates insurance, magazine, real estate, travel serviceds and Internet companies.

Insurance Commissioner rejects any workers' comp 'pure premium' rate increase - San Francisco Business Times:

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However, many Golden State workers’ compensation insurerz have already filed for July 1rate increases, ranging from the low singlw digits to as much as 33.9 Many of those increases, filed between May and late last month, fell in the 9 perceng to 13 percent range. The state’s largest comp insurer, San Francisco’s quasi-public (whicy the state is considering selling to fill its bulgingybudget deficit), filed for a 15 perceng increase.
Citing testimony from a hearing early last monththat self-insuref employers have been able to reducwe overall workers’ compensation Poizner said he rejected a rate application from the San Francisco-basedf Workers’ Compensation Insurance Rating Bureau, an industry-backed advisory to raise the state’s comp “Claimsa Cost Benchmark” by 23.7 percent. Poiznerd and former commissioner John Garamendi have often quibbled with rate recommendations submitted bythe WCIRB, but in this case Poiznedr flatly rejected any increase. In a July 8 statement, the Department of Insurancs noted that regulators do not set compensation insurance ratesin California.
Darrel Ng, a spokesmann for the Department of confirmedthat Poizner’s rejection is a guidance only, and that insurerss aren’t obligated to alter their recent rate filings. But “ws certainly hope they re-evaluate any change made in the past giveb thisnew data,” Ng said. a spokesman for the Worker’es Compensation Action Network, which represents business insurance brokersand insurers, stressed that the commissioner’z decision “does not bear directluy on the rate an individual employer is goinbg to pay.
” In fact, said spokesmaj Jerry Azevedo, more than 60 carriers have filed their rates for July 1, and in all but one case they filex for increases (if any) well below the WCIRB’s proposecd rate of increase. Industry observers had speculatedthat Poizner, who is a Republicah gubernatorial candidate to replace termed-out incumbent Gov. Arnoldr Schwarzenegger, would approve a much-smaller increase, possiblgy in the 10-12 percent range. In any case, companieas are not required to followthe commissioner’s guidanced in the matter. The DOI and the commissionetr issue the benchmark recommendations to help measure and project costs inthe system, officiald said.
That benchmark has fallenh 63.4 percent since its high in 2003; last October, Poizne r rejected WCIRB’s request for a 16 percenf benchmark increase, and instead a 5 percent increase. In a separate statement, Schwarzenegger applauded Poizner’s Nonetheless, California comp rates appear to beheading up, despite the commentss from the two politicall leaders.

Report: Anheuser-Busch InBev to sell 11 European breweries - Business First of Louisville:

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Le Soir said the world’s larges brewer was selling its central European operatione because it is fragmentedand non-strategic and planse to focus on its north and soutuh American operations instead, according to Reuters. The breweries are in Romania, Hungary, Croatia, Czecu Republic, Serbia and Montenegro. , Kohlberg Kravis Robertx and are among private equitgy groups that have expressed interest inthe assets, the Financial Times of London reported Monday. A-B InBegv wants to sell off assets as it triew to raise money to reduce the debt it took on when itboughtf St.
Louis-based Anheuser-Busch last year for $52 “We are contemplating disposals of certainm assets tohelp re-finances the acquisition of Anheuser-Busch, as previouslyy announced,” Marianne Amssoms, an A-B InBecv spokeswoman, wrote in an e-mail to the Businese Journal. “However, we cannot comment at this stages on which businesses specifically wouldbe considered. Anheuser-Buscj InBev's decision will be based on a diligent reviee of the strategic and financial consequencesd ofany divestment, with the goal of creating the best opportunitiews and value for all We will not comment on who has approached us for whicgh assets.
” In April, A-B InBev reacher an agreement to to Kohlberyg Kravis Roberts.

Chic bar takes place of Chinatown dive - Nashville Business Journal:

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SoHo will open at 80 S. Pauahi Street in a renovatedx 5,500 square-foot space that will include a bar and an area for live The PauahiStreet location, betweenb Bethel Street and Fort Street Mall and near , was occupieds by Mall Cafe until That bar had been citede by the Honolulu Liquor Commissionh in recent months for unsanitary conditions and for overservinh alcohol. The commission also received a petitio from community members opposing the renewal ofMall Cafe’z license because of alleged drug dealing and frequengt fights. Mall Cafe’s former owner, Saiminh Corp., had been trying to transfer its liquoer license tothe landlord, Union Mill Investment.
SoHo owneer Daniel Gray, former general manager of the Loft Gallery and Lounge on Hotel said he was approached by Uniohn Mill Investment to open a new venue in the Gray plans to open part of thelounge 3,000 square feet — for this month’s Firstf Friday event downtown, and open the remaining space in Gray describes the new venue as a mix of performances, fashion and photography in a trendy and upscale The SoHo name stems from the New York City neighborhooed and a blend of “south” and

GAO finds duplication in programs intended to help new entrepreneurs - Federal Times

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GAO finds duplication in programs intended to help new entrepreneurs Federal Times The government has dozens of programs that overlap in their efforts to help Americans start new businesses, the Government Accountability Office says in a new report. Four agencies â€" the Small Business Administration and the Commerce, Housing and ...