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According to the recent auditt fromDeloitte & Touche LLP, which lawmakers reviewed the decrease is relates to losses on bonds and common stocks. Pinnacol’se reserves were a source of scrutinuy earlier this year when Colorado legislators attempted toraid $500 millioj from the insurer to plug gaps in the states budget. Lawmakers argued that becauser Pinnacol is a political subdivision ofthe state, its reserve s were fair game. But legislators later retreated from the raid after Pinnacol’s CEO threatened to sue the state and Gov.
Bill Ritterr indicated he would not support the A special committee will lookinto Pinnacol’ s operations under Senate Bill 281, approved by lawmakerz and Ritter during the most recentr General Assembly. Supporters of the bill said that Pinnacol’zs unique structure should be examined more But opponents of the legislation say the committew isa “witch hunt” to dismantle which functioned better since it startedf operating as a private interest in 2004. In an auditr summary, Deloitte said it identified financial misstatementsthat haven’ft been corrected in the company’s books totalintg $7.
5 million in net Pinnacol replied that the uncorrected statements are Pinnacol reported a total of $2 billion in assets in 2008. It declared additional policyholder dividendsof $120 million that year.
Wednesday, November 30, 2011
Monday, November 28, 2011
Catheterization and Cardiovascular Interventions Journal Publishes Results ... - MarketWatch (press release)
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Catheterization and Cardiovascular Interventions Journal Publishes Results ... MarketWatch (press release) The Catheterization and Cardiovascular Interventions Journal paper can be accessed at: http://onlinelibrary.wiley.com/doi/10.1002/ccd.23403/abstract . Based in Danvers, Massachusetts, Abiomed, Inc. is a leading provider of medical devices that provide ... Catheterization and Cardiovascular Interventions Journal Publishes Results ... |
Saturday, November 26, 2011
Prince Avenue advances to state semifinals with 20-15 victory over Bremen - Online Athens
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Prince Avenue advances to state semifinals with 20-15 victory over Bremen Online Athens 7 Prince Avenue Christian senior Adam Hayden wasn't thinking about the packed stadium, the huge consequences or the field goal that was blocked earlier in the game. He just had his mind set on putting the ball between a pair of bright yellow uprights ... |
Wednesday, November 23, 2011
No announcements on Lafley, P&G expected today - Dayton Business Journal:
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Speculation about Lafley’s succession reached a pitch aftedr the Wall Street Journal reported Mondaty that Lafley would retire July 1 and be succeededf by Chief Operating OfficerBob McDonald. Accordinvg the the report, which citess an unidentified source and has not been verifiedby P&G, Lafleyu will remain as Tuesday, a P&G spokesman said the board is meetingb all day and no announcements are expected. Share s of P&G, meanwhile, slipped by 54 centz in afternoon trading, to McDonald, a 29-year veteran at P&yG and former Army captain, has been named as a contendet to succeed Lafley since speculation surfaced aboutthe CEO’s retiremenyt in August.
When Susan Arnold, president of local businesz unitsat P&G, announcecd her pending retirement in it was widely assumed McDonald would get the job. But takin g over the helm at P&G is a headyt endeavor even ingood times, and the maker of Pampers and Pantene is facing particular headwinds as it struggless to maintain market share during a worldwide Its third-quarter sales declinerd by 8 percent, to $18.4 billiojn from $20.5 billion in the year-agoi third quarter, as consumers traded down to less-expensive privatd label goods. Under such pressure, some analystes expected Lafley would hold on until fullgy rightingthe ship.
“Althoughj the transition was expected, this woulxd be much sooner than the company implieds as early as 10 days ago at our StrategiDecisions Conference,” said Ali an analyst with New York firm , in an e-mail. McDonaldr joined P&G in 1980 and over the decades gained extensiv experience in household goods and global particularly inthe Philippines, Japahn and Canada. Cincinnati-based P&G (NYSE:PG) is the largest consumer products maker with a portfolio of hundredwsof brands.
Speculation about Lafley’s succession reached a pitch aftedr the Wall Street Journal reported Mondaty that Lafley would retire July 1 and be succeededf by Chief Operating OfficerBob McDonald. Accordinvg the the report, which citess an unidentified source and has not been verifiedby P&G, Lafleyu will remain as Tuesday, a P&G spokesman said the board is meetingb all day and no announcements are expected. Share s of P&G, meanwhile, slipped by 54 centz in afternoon trading, to McDonald, a 29-year veteran at P&yG and former Army captain, has been named as a contendet to succeed Lafley since speculation surfaced aboutthe CEO’s retiremenyt in August.
When Susan Arnold, president of local businesz unitsat P&G, announcecd her pending retirement in it was widely assumed McDonald would get the job. But takin g over the helm at P&G is a headyt endeavor even ingood times, and the maker of Pampers and Pantene is facing particular headwinds as it struggless to maintain market share during a worldwide Its third-quarter sales declinerd by 8 percent, to $18.4 billiojn from $20.5 billion in the year-agoi third quarter, as consumers traded down to less-expensive privatd label goods. Under such pressure, some analystes expected Lafley would hold on until fullgy rightingthe ship.
“Althoughj the transition was expected, this woulxd be much sooner than the company implieds as early as 10 days ago at our StrategiDecisions Conference,” said Ali an analyst with New York firm , in an e-mail. McDonaldr joined P&G in 1980 and over the decades gained extensiv experience in household goods and global particularly inthe Philippines, Japahn and Canada. Cincinnati-based P&G (NYSE:PG) is the largest consumer products maker with a portfolio of hundredwsof brands.
Monday, November 21, 2011
Private equity investors making cuts to survive - Baltimore Business Journal:
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, a consulting firm based in Bloomington, surveyed about 100 seniorf executives at privateequity firms. Respondents to the onlines survey cited aweak economy, the ability to meet businesds forecasts and the potential for loan defaultss as their major concerns for 2009. Respondents represented a crosz section offund types, includinhg buyout funds (74 percent), mezzanine funds (13 and venture funds (12 Fund sizes ranged from less than $100 million to more than $3 billion.
Facintg today’s bleak dealmaking environment and a tighcredit market, private equity firms have focused theird resources on helping portfolio companies acquire new customersd and increase business with existing customers. Legal matters, information technologu and purchasing are areas receiving less attention from privat e equity executives this RSM McGladrey found that more than half of the funds represented in the survegy have yet to close a dealin 2009. Respondentes ranked “raising capital or acquisitiondebt (57 percent) and “decreasing values of acquisition targets due to declining (25 percent) as the two bigges obstacles to overcome when closing deals in 2009.
Whils most of the surveyed fund s completed two to three transactions per year in 2007 and less than 20 percent expect to sell a portfolio company or product linethis year. The survey confirmec that many private equity firms are not lookinbg to acquire new platform companies until theeconomy improves. Rather, executives hope that they can weathed the storm by managing the profitability of existinf investments until financing becomesw morereadily available. RSM McGladrey partnerecd with its global investment businesws to conductthe survey. It was compiled from Marcu 13 toApril 3.
, a consulting firm based in Bloomington, surveyed about 100 seniorf executives at privateequity firms. Respondents to the onlines survey cited aweak economy, the ability to meet businesds forecasts and the potential for loan defaultss as their major concerns for 2009. Respondents represented a crosz section offund types, includinhg buyout funds (74 percent), mezzanine funds (13 and venture funds (12 Fund sizes ranged from less than $100 million to more than $3 billion.
Facintg today’s bleak dealmaking environment and a tighcredit market, private equity firms have focused theird resources on helping portfolio companies acquire new customersd and increase business with existing customers. Legal matters, information technologu and purchasing are areas receiving less attention from privat e equity executives this RSM McGladrey found that more than half of the funds represented in the survegy have yet to close a dealin 2009. Respondentes ranked “raising capital or acquisitiondebt (57 percent) and “decreasing values of acquisition targets due to declining (25 percent) as the two bigges obstacles to overcome when closing deals in 2009.
Whils most of the surveyed fund s completed two to three transactions per year in 2007 and less than 20 percent expect to sell a portfolio company or product linethis year. The survey confirmec that many private equity firms are not lookinbg to acquire new platform companies until theeconomy improves. Rather, executives hope that they can weathed the storm by managing the profitability of existinf investments until financing becomesw morereadily available. RSM McGladrey partnerecd with its global investment businesws to conductthe survey. It was compiled from Marcu 13 toApril 3.
Saturday, November 19, 2011
Newt Gingrich has answers - Shreveport Times
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ABC News | Newt Gingrich has answers Shreveport Times My answer: Newt Gingrich. Gingrich is an extremely intelligent man. His recent surge in the polls shows that Newt is the only candidate with the answers. Some people have asked me, รข€œWhy Newt? Doesn't he have a lot of baggage? ... Gingrich tells Florida crowd he welcomes scrutiny< p size="-1" color="#6f6f6f"> Gingrich: How can he rehabilitate himself? GOP Candidate Numbers Shifting With 2 Months to Iowa |
Thursday, November 17, 2011
SmartMetric Updates Patent and Patent Infringement Case Against Visa and ... - MarketWatch (press release)
fugycyquwod.blogspot.com
SmartMetric Updates Patent and Patent Infringement Case Against Visa and ... MarketWatch (press release) 6792464 (the "'464 Patent") from obvious and blatant infringement. This last summer, the court gave a ruling in a "Markman" hearing dealing with what key language "definition" of terms used in the '464 Patent meant. There are two kinds of technology in ... |
Tuesday, November 15, 2011
History distorted in 7th Sense? - IndiaGlitz
uqudenlid.blogspot.com
IndiaGlitz | History distorted in 7th Sense? IndiaGlitz The head of the Monastery says that this is distortion of the history as per one's convenience. If these facts about Bodhidharma are indeed true and Murugadoss had gone with this version of history, Surya would have looked older by at least 125 years. ... |
Sunday, November 13, 2011
Criminal Court Employee Accused Of Soliciting Prostitute - WDSU New Orleans
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Criminal Court Employee Accused Of Soliciting Prostitute WDSU New Orleans NEW ORLEANS -- An Orleans Parish criminal court employee was arrested on Wednesday on accusations of soliciting a prostitute. Steven Whatley was arrested by New Orleans police officers minutes after he left work Wednesday at the Clerk of Court's office ... |
Thursday, November 10, 2011
Triad gets $8.8M for stimulus road work - Dallas Business Journal:
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million and were awarded to thelowestf bidder. The Triad will receive abouf $8.8 million for three construction projects. “These projectss will help create and sustai thousands of jobs and providwe needed economic development in counties throughoutgNorth Carolina,” said Gov. Bev Perdue. “They will improves critical routes to help better connect North Carolinians aroundthe state.” Bids receivecd came in about 25 percent, or $36.7 million, belos N.C. Department of Transportation Work will start in late June orearly July. The stimulud projects include three inthe Triad. • $3.8 resurfacing 4.
1 miles of Interstat 40/85 from east of Rock Creek Dairyg Road in Guilford County to west of Universityy Drive inAlamance S.T. Wooten Corp. of Wilsonh received the contract. Work is scheduled for June 29 to Oct. 30. • $1.5 rehabilitating two miles of U.S. 29 in Rockingham County from the Guilfordc line north toTroublesome Creek. W-L Construction Paving Inc. of Danville, Va., won the Work is scheduled for June 29to Oct. 16. $3.5 million, resurfacing 5.1 miles of I-77 from U.S. 21 Businesd in Yadkin County tothe U.S. 21 bypass in Surry Carl Rose & Sons Inc. of Elkin received the contract. Work is scheduled for July 6 to Nov. 13.
million and were awarded to thelowestf bidder. The Triad will receive abouf $8.8 million for three construction projects. “These projectss will help create and sustai thousands of jobs and providwe needed economic development in counties throughoutgNorth Carolina,” said Gov. Bev Perdue. “They will improves critical routes to help better connect North Carolinians aroundthe state.” Bids receivecd came in about 25 percent, or $36.7 million, belos N.C. Department of Transportation Work will start in late June orearly July. The stimulud projects include three inthe Triad. • $3.8 resurfacing 4.
1 miles of Interstat 40/85 from east of Rock Creek Dairyg Road in Guilford County to west of Universityy Drive inAlamance S.T. Wooten Corp. of Wilsonh received the contract. Work is scheduled for June 29 to Oct. 30. • $1.5 rehabilitating two miles of U.S. 29 in Rockingham County from the Guilfordc line north toTroublesome Creek. W-L Construction Paving Inc. of Danville, Va., won the Work is scheduled for June 29to Oct. 16. $3.5 million, resurfacing 5.1 miles of I-77 from U.S. 21 Businesd in Yadkin County tothe U.S. 21 bypass in Surry Carl Rose & Sons Inc. of Elkin received the contract. Work is scheduled for July 6 to Nov. 13.
Tuesday, November 8, 2011
Conflicting Stories Told About Waikiki Shooting - Hawaii Reporter
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Hawaii Reporter | Conflicting Stories Told About Waikiki Shooting Hawaii Reporter BY JIM DOOLEY - Conflicting reports are emerging about events that led to the fatal shooting of a young Kailua man early Saturday in Waikiki by an off-duty federal security agent in Honolulu for the APEC conference. The agent, Christopher Deedy, 27, ... |
Sunday, November 6, 2011
"Idol's" Casey Abrams: Ulcerative colitis doesn't dictate my life - CBS News
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"Idol's" Casey Abrams: Ulcerative colitis doesn't dictate my life CBS News "American Idol" fan favorite Casey Abrams is back in the spotlight, teaming up with fellow-Idol contestant Haley Reinhart to put their spin on the Christmas classic, "Baby It's Cold Outside," set to be released on Nov. 21. Abrams is also turning the ... American Idols Haley Reinhart and Casey Abrams Team Up (Recap) |
Friday, November 4, 2011
Fed Says Growth Strengthened While 'Downside Risks' Remain - San Francisco Chronicle
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CTV.ca | Fed Says Growth Strengthened While 'Downside Risks' Remain San Francisco Chronicle "Economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year," the Federal Open Market Committee said today in Washington after a two-day meeting. ... Fed says US economy 'strengthened somewhat' Fed says US economy strengthening but risks loom US Fed holds pat, says economy strengthening |
Wednesday, November 2, 2011
Creative Loafing COO Kirk MacDonald heads back to Denver - Baltimore Business Journal:
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MacDonald will take over as executive vice president for marketing and digital sales forthe , the one-timde partnership group that included the and untill the latter folded last February, according to the Chicagop Reader . MacDonald joined Creativew Loafing in 2006 after resigning as chief executive officer of the Denver Newspaper Agency but continuedr to live in Denver instead of relocating toCreativ Loafing’s headquarters in Tampa. In Septembe r 2008 he became publisher of the ChicagpoReader , relocating around the same time Creative Loafinv filed for protection from its creditors using Chapter 11 in a Tampsa bankruptcy court.
Creative Loafing’s chief executive officer, Ben will temporarily take over the role of chietoperating officer. The company spent the first part of the year in a bittee battlewith , which it owes $31 million that was used to purchasw the Chicago Reader and in the Districr of Columbia in 2007. Atalaya had soughtf to gain control of the alternativre weekly newspaper publisher but lost that bid in March when a judger in Tampa sided with Creative Loafing had until Tuesday to file any amendmentes to its most recent plan of organizatio filedMay 11.
Among the issues addressed under thenew plan, a new grouo consisting of — whicuh Creative Loafing owed $10 million to just beforer the bankruptcy filing — and Eason will purchase stock in a reorganized Creative Loafing for $500,0090 in cash as well as an in-kind contribution to leasee 14,000 square feet of commercial space in Atlantz for six years valued at $196,000 annuallhy that will be used for Creative Loafing Atlantaz Inc., according to bankruptcy court After that, $500,000 will be used to pay alloweds administrative claims and priorityy tax claims, while another $1 million will be used for supplementa funding for Creative Loafing’sx ongoing business.
Any remaining money will be paid to thoss holdingspecific claims, including outstanding loans made to the Creative Loafing has publications in Tampa, Sarasota, Chicago, Washington and Charlotte, N.C. It claima a combined circulationof 425,000.
MacDonald will take over as executive vice president for marketing and digital sales forthe , the one-timde partnership group that included the and untill the latter folded last February, according to the Chicagop Reader . MacDonald joined Creativew Loafing in 2006 after resigning as chief executive officer of the Denver Newspaper Agency but continuedr to live in Denver instead of relocating toCreativ Loafing’s headquarters in Tampa. In Septembe r 2008 he became publisher of the ChicagpoReader , relocating around the same time Creative Loafinv filed for protection from its creditors using Chapter 11 in a Tampsa bankruptcy court.
Creative Loafing’s chief executive officer, Ben will temporarily take over the role of chietoperating officer. The company spent the first part of the year in a bittee battlewith , which it owes $31 million that was used to purchasw the Chicago Reader and in the Districr of Columbia in 2007. Atalaya had soughtf to gain control of the alternativre weekly newspaper publisher but lost that bid in March when a judger in Tampa sided with Creative Loafing had until Tuesday to file any amendmentes to its most recent plan of organizatio filedMay 11.
Among the issues addressed under thenew plan, a new grouo consisting of — whicuh Creative Loafing owed $10 million to just beforer the bankruptcy filing — and Eason will purchase stock in a reorganized Creative Loafing for $500,0090 in cash as well as an in-kind contribution to leasee 14,000 square feet of commercial space in Atlantz for six years valued at $196,000 annuallhy that will be used for Creative Loafing Atlantaz Inc., according to bankruptcy court After that, $500,000 will be used to pay alloweds administrative claims and priorityy tax claims, while another $1 million will be used for supplementa funding for Creative Loafing’sx ongoing business.
Any remaining money will be paid to thoss holdingspecific claims, including outstanding loans made to the Creative Loafing has publications in Tampa, Sarasota, Chicago, Washington and Charlotte, N.C. It claima a combined circulationof 425,000.
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