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million round of Series C funding led by Advances Technology Ventures and joinedby -- a divisiojn of -- , , and the . The Emeryvillde company, which makes softwarse for streaming video and video content said Monday it will use the funds to speexd up product development and expand The company hasraised $18 million to Qumu entered into a strategid partnership with (NYSE: T) in whic h its technology will be used as part of the telecommunicatio n giant's portfolio, AT&T announced in June.
AT&f will integrate software from Qumu and two other softwarecompanies -- , of Newton, and Dayton, Ohio-based Stratacache -- with its own technologyy to offer network software to encode, deliver and manager video and multimedia files. Qumu changed its name from Media Publisheein February. The company makes software that manages webcasting and videocontent Qumu's customers include AT&T, ABT), (NYSE: COF), (NYSE: C), (NASDAQ: and (NASDAQ: EBAY).
Monday, April 30, 2012
Saturday, April 28, 2012
Profile: Applied Materials Inc. - San Francisco Business Times:
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Yet you wouldn't know it from the school systems. Under-achieving and schools have too fewcredentialee teachers, low literacy levels, abysmal math scores and poor high school graduationm rates. The scenario worsensa among manyethnic groups. "Most outsiderzs are surprised that somehowSilicon Valley's overal wealth hasn't sheltered us from most of the educational challengexs that affect urban areas throughout the Unitee States," said Mike vice president of global community affairs at As a semiconductod business giant, Applied Materials knew the numbers were appalling.
As a communithy leader, it didn't want that to Over the years, the Santa Clara-based company has given away thousandse of dollars to help found exceptionaoeducational programs. Yet after partnering with Collaborative Economics to studg the educational achievement of every Silicon Valleyupublic school, company leaders realizedf they had to change their philosophy to reachj out to students one at a In 2002, the company set out to change the statistics in downtown and part of east San Jose. It partnerede with three dozen schools, education servicde organizations and nonprofits with an annual investment of morethan $1.
5 Horace Mann School in downtown San Jose, which receivede materials for its new preschool center. It remaines the most equipped downtown school to accommodatre allincoming kindergartners. Grant Academy also in San which got a summerteacher institute, a literacy coach and children' s musical theater program to help with readingt levels. After only a year, the academh upped its academic performance index by 92 API is the Stateof California's measurew of a school's academic performance. Downtownn Prep in San Jose, Siliconh Valley's first charter high school and the only one totargef under-achieving students, which created a new literacy program.
All 54 studentw in the first graduating class are goingto college. "Their families, theitr siblings, their community all understand college is possiblee fortheir kids," O'Farrell Last year, the Applied Materials East Side Cented for Professional Excellence debutef at San Jose's new Evergreen Valley High Teachers and administrators learn theory and practice, and receive critiquesd from peers and master Results: 93 percent of the participating studentzs are meeting state university admission requirements and the school had the lowestr absenteeism rate -- for students and teachers -- in the "We don't profess to be educators," O'Farrell said.
"Wee have a lot to share and we can brinhg partners tothe table." Beginning with Chairman James C. Morgan, who served as CEO for more than 25 the company uses its influence to brin gin like-minded community leaders and citizensa to help solve a "We tend not to be passivr grant leaders," O'Farrell said. "We have an educational consultantf that works with us ourCEO (Mike Splinter) is committed to Applied Materials trickles down that sensibilityg to its employees.
Splinter appealed to employees to give to nonprofites and hosted a reception for those whocontributed $1,000 or more; that spurred a 33 percent increase of "leadership givers," despite tougnh economic times and a drop in employees. Contributionb goes beyond cash. About 400 employees and familyy members boxed food for HelpingHandz Days. They serve as mentors to organizationa like Junior Achievement of Siliconm Valley andMonterey Bay. And the company intends to continudeits commitment. "We haven't put an end date. we're opportunity rich," O'Farrell said.
Yet you wouldn't know it from the school systems. Under-achieving and schools have too fewcredentialee teachers, low literacy levels, abysmal math scores and poor high school graduationm rates. The scenario worsensa among manyethnic groups. "Most outsiderzs are surprised that somehowSilicon Valley's overal wealth hasn't sheltered us from most of the educational challengexs that affect urban areas throughout the Unitee States," said Mike vice president of global community affairs at As a semiconductod business giant, Applied Materials knew the numbers were appalling.
As a communithy leader, it didn't want that to Over the years, the Santa Clara-based company has given away thousandse of dollars to help found exceptionaoeducational programs. Yet after partnering with Collaborative Economics to studg the educational achievement of every Silicon Valleyupublic school, company leaders realizedf they had to change their philosophy to reachj out to students one at a In 2002, the company set out to change the statistics in downtown and part of east San Jose. It partnerede with three dozen schools, education servicde organizations and nonprofits with an annual investment of morethan $1.
5 Horace Mann School in downtown San Jose, which receivede materials for its new preschool center. It remaines the most equipped downtown school to accommodatre allincoming kindergartners. Grant Academy also in San which got a summerteacher institute, a literacy coach and children' s musical theater program to help with readingt levels. After only a year, the academh upped its academic performance index by 92 API is the Stateof California's measurew of a school's academic performance. Downtownn Prep in San Jose, Siliconh Valley's first charter high school and the only one totargef under-achieving students, which created a new literacy program.
All 54 studentw in the first graduating class are goingto college. "Their families, theitr siblings, their community all understand college is possiblee fortheir kids," O'Farrell Last year, the Applied Materials East Side Cented for Professional Excellence debutef at San Jose's new Evergreen Valley High Teachers and administrators learn theory and practice, and receive critiquesd from peers and master Results: 93 percent of the participating studentzs are meeting state university admission requirements and the school had the lowestr absenteeism rate -- for students and teachers -- in the "We don't profess to be educators," O'Farrell said.
"Wee have a lot to share and we can brinhg partners tothe table." Beginning with Chairman James C. Morgan, who served as CEO for more than 25 the company uses its influence to brin gin like-minded community leaders and citizensa to help solve a "We tend not to be passivr grant leaders," O'Farrell said. "We have an educational consultantf that works with us ourCEO (Mike Splinter) is committed to Applied Materials trickles down that sensibilityg to its employees.
Splinter appealed to employees to give to nonprofites and hosted a reception for those whocontributed $1,000 or more; that spurred a 33 percent increase of "leadership givers," despite tougnh economic times and a drop in employees. Contributionb goes beyond cash. About 400 employees and familyy members boxed food for HelpingHandz Days. They serve as mentors to organizationa like Junior Achievement of Siliconm Valley andMonterey Bay. And the company intends to continudeits commitment. "We haven't put an end date. we're opportunity rich," O'Farrell said.
Thursday, April 26, 2012
Compass Airlines cuts ribbon on Louisville maintenance facility - Dallas Business Journal:
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The subsidiary opened the three-bay maintenancw facility in January but held off on the ribbob cutting until key personnelwere hired, and they “gott a little airplane grease under their nails,” Compass president Tim Campbellk said during a news conference. Compass’ 70 employeed maintain the airline’s fleet of 36 Embraer 175 76-sear jets. Compass, which was founded in 2006 as a subsidiar of NorthwestAirlines Inc., was acquired by Deltaw as part of the Atlanta-based carrier’s merger with Northwest in October 2008. The jets previouslgy had been serviced bya third-party aircraft maintenance company, Campbell said.
Compass’ Louisville International Airporr facility, located at 5101 Crittenden consistsof 42,720 square feet of aircraft hangar 11,416 square feet of office, shop and storagew space, an 80,601-square-foot concrete apron and 33,48p0 square feet of parking and roadways. At the news conference, Va.-based Compass showed off its firsgt jet painted in theDelta colors. The rest of its fleeft will be converted from Northwest Airlines colorsx over the next Campbell said. At the news Kentucky Gov. Steve Beshear said the Compasw investment, including its $3 million annual payroll, “ie a tremendous economic achievement in the midst of some prettyg tougheconomic times.
” In August the board granted the airline preliminar y approval for $2 million in state tax incentive for up to 10
The subsidiary opened the three-bay maintenancw facility in January but held off on the ribbob cutting until key personnelwere hired, and they “gott a little airplane grease under their nails,” Compass president Tim Campbellk said during a news conference. Compass’ 70 employeed maintain the airline’s fleet of 36 Embraer 175 76-sear jets. Compass, which was founded in 2006 as a subsidiar of NorthwestAirlines Inc., was acquired by Deltaw as part of the Atlanta-based carrier’s merger with Northwest in October 2008. The jets previouslgy had been serviced bya third-party aircraft maintenance company, Campbell said.
Compass’ Louisville International Airporr facility, located at 5101 Crittenden consistsof 42,720 square feet of aircraft hangar 11,416 square feet of office, shop and storagew space, an 80,601-square-foot concrete apron and 33,48p0 square feet of parking and roadways. At the news conference, Va.-based Compass showed off its firsgt jet painted in theDelta colors. The rest of its fleeft will be converted from Northwest Airlines colorsx over the next Campbell said. At the news Kentucky Gov. Steve Beshear said the Compasw investment, including its $3 million annual payroll, “ie a tremendous economic achievement in the midst of some prettyg tougheconomic times.
” In August the board granted the airline preliminar y approval for $2 million in state tax incentive for up to 10
Tuesday, April 24, 2012
UK Study Shows Little Danger Of Shale Gas Water Contamination - Wall Street Journal
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UK Study Shows Little Danger Of Shale Gas Water Contamination Wall Street Journal The research conducted by Durham University, in conjunction with Cardiff University in Wales and the University of Tromso in Norway, studied records from eight different fracking sites in the US, Europe and Africa. Of the thousands of fractures studied ... |
Sunday, April 22, 2012
Saturday, April 21, 2012
The entry titled "Supreme Court tosses $200000 award for improperly fired ... - Austin American-Statesman (blog)
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The entry titled "Supreme Court tosses $200000 award for improperly fired ... Austin American-Statesman (blog) By Chuck Lindell | Friday, April 20, 2012, 11:39 AM Under a Texas Supreme Court ruling delivered today, a trucker fired for refusing to drive an unsafe vehicle â€" he feared for himself and other drivers â€" may have fared better in the courts had he ... |
Boston.com | Napoli homers again as Rangers beat Red Sox 6-3 Yahoo! Sports Texas, which improved to 10-2, once again got strong starting pitching. The Rangers' starters have posted a 1.84 ERA in their last eight games, » |
Tuesday, April 17, 2012
Md. colleges given $11M to combat nursing shortage - Philadelphia Business Journal:
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The grants, being divvied amonv 17 Marylandnursing schools, will be used to lure facultyh and students, and improve technology at the Maryland’s nursing shortage is expected to reac h 10,000 by 2016, according to the . The current vacancyh rate of nurses at stat e hospitals is8 percent. The economic downturn has helped the industryu because many retired nurses have come back to but once the recession ends the shortage will saidCarmela Coyle, CEO of the Maryland Hospital Association. The first rouncd of grants will increase the number of nursews graduating by 300 students and add 20 faculty positions at nursingy programs acrossthe state.
“The number of nurses graduating from Maryland schools are simplyynot enough,” said Ronald B. Peterson, president of and co-chaif of the “Who Will campaign at a press conference “We cannot take our eye off thenursing demand.” The campaign’as goal is to add 1,5000 new nursing students. The program has raiseed $15.5 million to date througjh the state’s business community, includinhg funds from the Baltimore constructionform , , the region's largest hospital system, and , the region's largest healt insurer. Greater Baltimore Medical for example, gave $500,000.
The goal is to rais e $20 million from the private sector by the end of the and then raise anaddition $40 milliob in state, local and federal funds. • • • • • ; and, • .
The grants, being divvied amonv 17 Marylandnursing schools, will be used to lure facultyh and students, and improve technology at the Maryland’s nursing shortage is expected to reac h 10,000 by 2016, according to the . The current vacancyh rate of nurses at stat e hospitals is8 percent. The economic downturn has helped the industryu because many retired nurses have come back to but once the recession ends the shortage will saidCarmela Coyle, CEO of the Maryland Hospital Association. The first rouncd of grants will increase the number of nursews graduating by 300 students and add 20 faculty positions at nursingy programs acrossthe state.
“The number of nurses graduating from Maryland schools are simplyynot enough,” said Ronald B. Peterson, president of and co-chaif of the “Who Will campaign at a press conference “We cannot take our eye off thenursing demand.” The campaign’as goal is to add 1,5000 new nursing students. The program has raiseed $15.5 million to date througjh the state’s business community, includinhg funds from the Baltimore constructionform , , the region's largest hospital system, and , the region's largest healt insurer. Greater Baltimore Medical for example, gave $500,000.
The goal is to rais e $20 million from the private sector by the end of the and then raise anaddition $40 milliob in state, local and federal funds. • • • • • ; and, • .
Sunday, April 15, 2012
Katy office building sold into joint venture - Houston Business Journal:
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The 90,000-square-foot building, developed by Indianapolis-based Duke, is 100 percenyt leased to Norway-based Det Norskde Veritas. Located at 22535 Colonialp Parkway, near the intersectiohn of Interstate 10 and theGrand Parkway, the buildingv is the first installment in the Westside Officse Park. The business park is controlled byGiorgio Borlenghi, presidenyt of Houston-based Interfin Cos.; John chief executive officer of Houston-basedf Visible Changes Inc.; and hair product guru John Paul co-founder and CEO of . The recent transaction is part of thejointt venture’s purchase of three buildings with a total of 327,000 square feet in Texaa and Florida valued at nearly $41.1 million.
All threee fully-leased properties — including an office building in Orlando and a warehouse inTampsa — were previously ownex by Duke before being transferred into the joint venture. The joinyt venture between CB Richard Ellis Realty Trust and Duke planws to acquire upto $800 million of newly build-to-suit projects over the next three CB Richard Ellis Realty Trusty is sponsored by Los Angeles-based .
The 90,000-square-foot building, developed by Indianapolis-based Duke, is 100 percenyt leased to Norway-based Det Norskde Veritas. Located at 22535 Colonialp Parkway, near the intersectiohn of Interstate 10 and theGrand Parkway, the buildingv is the first installment in the Westside Officse Park. The business park is controlled byGiorgio Borlenghi, presidenyt of Houston-based Interfin Cos.; John chief executive officer of Houston-basedf Visible Changes Inc.; and hair product guru John Paul co-founder and CEO of . The recent transaction is part of thejointt venture’s purchase of three buildings with a total of 327,000 square feet in Texaa and Florida valued at nearly $41.1 million.
All threee fully-leased properties — including an office building in Orlando and a warehouse inTampsa — were previously ownex by Duke before being transferred into the joint venture. The joinyt venture between CB Richard Ellis Realty Trust and Duke planws to acquire upto $800 million of newly build-to-suit projects over the next three CB Richard Ellis Realty Trusty is sponsored by Los Angeles-based .
Friday, April 13, 2012
Stimulus could spur commercial project in long-dead Northside American Can plant - Kansas City Business Journal:
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The $22 million mixed-use projec t would bring 96 apartmentwand 30,000 square feet of commercial spacew to the empty shell near the cornedr of Hamilton Avenue and Blue Rock The building once housed a factorhy that made machines that made aluminum It’s been mostly vacant since the 1950s. Developerx have been working on the projectsince 2005, usinh a $500,000 loan from the city and a $750,009 environmental grant from the statr to finance the endeavor. They’re the same developers that convertexd an abandoned Ford Modekl T factory into a Class A office buildiny on Interstate 71 near the William HowaredTaft overpass, which now houses . City officials recentlg proposeda $1.
6 million loan for the project, using Communityh Development Block Grant funds that flowedc from the stimulus bill in February. “The developer has receivedc a tentative commitment from a lende r pendingthe approval” of the new stimulus loan, City Managerd Milton Dohoney reported to City Council on May 18. “Oncee the private financing is in the project can begin almost Construction will likely start in the summer of 2009.” Developer Steve Bloomfield declined to comment until his financing is in The city report indicates that financing includes $7.3 million from the sale of historic tax $3.
4 million in New Markets Tax Creditxs equity and up to $6 millionb in private equity. President Bruce Demske “could not be more about the city’s plans. “Right now, it’s a huge gap in the middler of ourbusiness district,” he said. “It’ll bring jobs and residents that might not otherwisreconsider Northside.” The has released a tentative scheduls for stimulus-induced highway projects for Southwest Ohio. It shows 70 percent of the roughly $105 million in total spending will happennext That’s because the stimulus bill gave projects financee through metropolitan-planning organizations (MPOs) like the more time to obligats funding.
So, the first money out the door will be ODOT including $3.6 million in resurfacing for Clermont Countyg and a $3.1 million rehabv of U.S. 27 in Butler More than 40 percent ofthe $31.5 milliohn to be spent this summer will fund five projects in Greene near Dayton. “We had a legal requirement that 50 percent of our fundinb had to be obligated withihn the first90 days,” said Stefan a technical services engineer in ODOT’ s District 8 office in Lebanon. “MPOx have until March of next year to obligaterthe funding.
They should be sold over the wintet and under contract by next The biggest-ticket projects to be started next spring include the $5 millionj relocation of rail lines as part of the city of Cincinnati’ s Waldvogel Viaduct renovation and $6.1 million to upgrade the intersection of Statw Route 48 and Tylersville Road in Butler County.
The $22 million mixed-use projec t would bring 96 apartmentwand 30,000 square feet of commercial spacew to the empty shell near the cornedr of Hamilton Avenue and Blue Rock The building once housed a factorhy that made machines that made aluminum It’s been mostly vacant since the 1950s. Developerx have been working on the projectsince 2005, usinh a $500,000 loan from the city and a $750,009 environmental grant from the statr to finance the endeavor. They’re the same developers that convertexd an abandoned Ford Modekl T factory into a Class A office buildiny on Interstate 71 near the William HowaredTaft overpass, which now houses . City officials recentlg proposeda $1.
6 million loan for the project, using Communityh Development Block Grant funds that flowedc from the stimulus bill in February. “The developer has receivedc a tentative commitment from a lende r pendingthe approval” of the new stimulus loan, City Managerd Milton Dohoney reported to City Council on May 18. “Oncee the private financing is in the project can begin almost Construction will likely start in the summer of 2009.” Developer Steve Bloomfield declined to comment until his financing is in The city report indicates that financing includes $7.3 million from the sale of historic tax $3.
4 million in New Markets Tax Creditxs equity and up to $6 millionb in private equity. President Bruce Demske “could not be more about the city’s plans. “Right now, it’s a huge gap in the middler of ourbusiness district,” he said. “It’ll bring jobs and residents that might not otherwisreconsider Northside.” The has released a tentative scheduls for stimulus-induced highway projects for Southwest Ohio. It shows 70 percent of the roughly $105 million in total spending will happennext That’s because the stimulus bill gave projects financee through metropolitan-planning organizations (MPOs) like the more time to obligats funding.
So, the first money out the door will be ODOT including $3.6 million in resurfacing for Clermont Countyg and a $3.1 million rehabv of U.S. 27 in Butler More than 40 percent ofthe $31.5 milliohn to be spent this summer will fund five projects in Greene near Dayton. “We had a legal requirement that 50 percent of our fundinb had to be obligated withihn the first90 days,” said Stefan a technical services engineer in ODOT’ s District 8 office in Lebanon. “MPOx have until March of next year to obligaterthe funding.
They should be sold over the wintet and under contract by next The biggest-ticket projects to be started next spring include the $5 millionj relocation of rail lines as part of the city of Cincinnati’ s Waldvogel Viaduct renovation and $6.1 million to upgrade the intersection of Statw Route 48 and Tylersville Road in Butler County.
Thursday, April 12, 2012
Join Congress, see the world - St. Louis Business Journal:
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These trips, along with investments in familuy farms andethanol plants, and salaries from a Kansasa City church and a mid- , are among the financial disclosurez filed in May by Missouri’s nine memberd of the and released to the public this week. The Businesz Journal reviewed the filings to providr a glimpse ofeach congressman’s financial earned income, investment income and third-party traveol payments for calendar year 2008. U.S. Rep. William Lacy Clay Jr. (Districft 1) Clay, 52, took three trips paid for by outsidde groupslast year, according to his latesft financial disclosures.
In August, he attended a four-dau conference in Tunica hosted and paid for by the Congressional Blacok Caucus PoliticalEducation & Leadership Institute. The two primary working days involved policy issue forums that ran from9 a.m. to 5 p.m. Earlyt morning recreation also included a golf tournament and sportintg clays shooting clinics while evening entertainmeng included ariverboat cruise, dinners at Gold Strikee Casino and Harrah’s, and concerts by Kool and the Gang and a Temptationsa cover band.
These trips, along with investments in familuy farms andethanol plants, and salaries from a Kansasa City church and a mid- , are among the financial disclosurez filed in May by Missouri’s nine memberd of the and released to the public this week. The Businesz Journal reviewed the filings to providr a glimpse ofeach congressman’s financial earned income, investment income and third-party traveol payments for calendar year 2008. U.S. Rep. William Lacy Clay Jr. (Districft 1) Clay, 52, took three trips paid for by outsidde groupslast year, according to his latesft financial disclosures.
In August, he attended a four-dau conference in Tunica hosted and paid for by the Congressional Blacok Caucus PoliticalEducation & Leadership Institute. The two primary working days involved policy issue forums that ran from9 a.m. to 5 p.m. Earlyt morning recreation also included a golf tournament and sportintg clays shooting clinics while evening entertainmeng included ariverboat cruise, dinners at Gold Strikee Casino and Harrah’s, and concerts by Kool and the Gang and a Temptationsa cover band.
Tuesday, April 10, 2012
Scams, failing economy deterring industry from investing in the country ... - Hindu Business Line
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Hindu Business Line | Scams, failing economy deterring industry from investing in the country ... Hindu Business Line (From left) Mr Rahul Bajaj, Chairman of Bajaj Auto; Mr Ajit Rangnekar, Dean, Indian School of Business; Mr Raghuram Rajan, Advisor to the PM; and Mr Adi Godrej, Chairman of ISB, at the Graduation Day of ISB 2012 in Hyderabad on Saturday. |
Sunday, April 8, 2012
Some CEOs sacrifice, some don
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Gerald Woodard, CEO of (Nasdaq: waived a $37,500 bonus for 2008 becaus e of theTampa company’s financial performance and challenging healtu care market conditions. Ernie Pinner, chairman, presidenft and CEO of (Nasdaq: CSFL), and William Crenshaw, CEO of , each turnecd down pay hikes for 2009, citin the difficult economy. Rodney Hershberger, presidentf and CEO of (Nasdaq: PGTI) in Nortu Venice, gave up one week’x pay, about $6,250, instead of taking earned paid time off durinyg the window anddoor maker’s annual planft shut-down.
These sacrifices, typicao of what attorney Olga Pina of Fowler White Boggsacalled “solidarity moves with shareholders,” are partly responsiblre for the 4 percent decline in tota l compensation for the highest-paid CEOs in the Tampa Bay area in 2008. median pay for CEOs at S&Po 500 companies fell by 6.8 percent in 2008 compared to according to a studyuby Equilar, a San Francisco information services firm. The 2008 drop was the first decline in CEO compensationsince 2002, when mediajn pay fell by 9.9 percent, Equilar said. The decline in overall compensation in 2008 principallhy was driven by a steep drop in cashbonuzs payouts, which fell by 20.6 percent, Equilae said.
Among CEOs in the Bay William Allen of LLC took the biggest cut in compensationhlast year. Allen’s pay package was $4.1 millionj in 2008, a 77 percent drop from when his $18.2 million packagse included a cash bonus and other incentives for takingthe Tampa-based restaurant company private. Allen, who toppedr the ’s list of highest-paidx CEOs last year, was displacede this year by Brian Jellison, CEO of (NYSE: a manufacturer headquarteredin Sarasota. Jellison’e 2008 compensation of $17.2 million was up 55.2 perceny from 2007, largely because he receivefd additional stock and option awards inFebruary 2008.
The awards reflecte d the compensation committee’s views “on Mr. Jellison’ws contributions to us during his tenureas CEO, our strong growth and performancre under Mr. Jellison’s leadership, and the importancse of ensuring Mr. Jellison’s continued employment in light of his experience andtracki record, which the Committee believes makea Mr. Jellison very valuable to otherpotentiakl employers,” the proxy said. Businesses increasinglt are linking payto performance, said Pina, a shareholder at Fowler White in Tampa who spoke aboug general trends and not any specific company. The specifics of pay for performance vary.
Some companies define it as an increas in share priceor profit. But even if stocki prices or earnings fall, as they did at many companies in a CEO could be rewarded with more pay if his or her companuy outperformedits peers, Pina said. That was the case at (Nasdaq: where CEO David Dunkel, No. 2 on the list of highest-paixd CEOs, received a 47 percent increase in compensatio in 2008to $7.2 Although its stock pric dropped 21 percent in Kforce stock has outperformed the Nasdaq stock market and the company’zs industry peer group in the past five years by 4.3 percent and 12.5 percent, respectively, the proxgy said.
This is the second year the is requiring enhancex disclosure and corporate directors are providinbg more explanations about their pay decisions than ever saidRichard Dobkin, retired managing partnefr of the Tampa office of . “Peoplse learned from year one to year two how to givebettedr disclosures, and committees are doing a better job of relating it in the spirity it was intended,” said Dobkin, who serveas on the compensation committee of CBRL). At beleaguered financial services firms, media CEO compensation for S&P 500 companies fell 38.3 percent in Equilar said. Thomas James, chairman and CEO of (NYSE: the Bay area’s biggest financial received $3.
6 million in tota compensationin 2008, down 13.4 percenf from 2007. The St. Petersburg company cut its bonuzspool “because of the enormous impacr of the financial markets on the company’s clientsa and shareholders,” and James took a smallef bonus than other Raymond James executive because he wanted to “leae by example in bearinb the consequences of bonus reductions,” the proxy CenterState, headquartered in Davenport, received $27.9 million from the ’s Troubledx Asset Relief Program in November, a move that not only limitec CEO pay but also mandated that shareholders cast a nonbinding advisory vote on executiv e compensation.
More than 90 percentf of shareholders approvedthe company’s pay plan, according to a preliminaryu count of the votes cast at the April 28 annual meeting, said Jameas Antal, CFO. So-called “say on pay” advisoru votes will definitely spread toother sectors, said Jonathan chairman of ’s corporate practices group in the law firm’sw Miami office. “There’s a lot of outrages in the country about perceived excesses at companies that are notdoing well.
… Most companies will be under pressurse at some point to adopta non-binding say on pay
Gerald Woodard, CEO of (Nasdaq: waived a $37,500 bonus for 2008 becaus e of theTampa company’s financial performance and challenging healtu care market conditions. Ernie Pinner, chairman, presidenft and CEO of (Nasdaq: CSFL), and William Crenshaw, CEO of , each turnecd down pay hikes for 2009, citin the difficult economy. Rodney Hershberger, presidentf and CEO of (Nasdaq: PGTI) in Nortu Venice, gave up one week’x pay, about $6,250, instead of taking earned paid time off durinyg the window anddoor maker’s annual planft shut-down.
These sacrifices, typicao of what attorney Olga Pina of Fowler White Boggsacalled “solidarity moves with shareholders,” are partly responsiblre for the 4 percent decline in tota l compensation for the highest-paid CEOs in the Tampa Bay area in 2008. median pay for CEOs at S&Po 500 companies fell by 6.8 percent in 2008 compared to according to a studyuby Equilar, a San Francisco information services firm. The 2008 drop was the first decline in CEO compensationsince 2002, when mediajn pay fell by 9.9 percent, Equilar said. The decline in overall compensation in 2008 principallhy was driven by a steep drop in cashbonuzs payouts, which fell by 20.6 percent, Equilae said.
Among CEOs in the Bay William Allen of LLC took the biggest cut in compensationhlast year. Allen’s pay package was $4.1 millionj in 2008, a 77 percent drop from when his $18.2 million packagse included a cash bonus and other incentives for takingthe Tampa-based restaurant company private. Allen, who toppedr the ’s list of highest-paidx CEOs last year, was displacede this year by Brian Jellison, CEO of (NYSE: a manufacturer headquarteredin Sarasota. Jellison’e 2008 compensation of $17.2 million was up 55.2 perceny from 2007, largely because he receivefd additional stock and option awards inFebruary 2008.
The awards reflecte d the compensation committee’s views “on Mr. Jellison’ws contributions to us during his tenureas CEO, our strong growth and performancre under Mr. Jellison’s leadership, and the importancse of ensuring Mr. Jellison’s continued employment in light of his experience andtracki record, which the Committee believes makea Mr. Jellison very valuable to otherpotentiakl employers,” the proxy said. Businesses increasinglt are linking payto performance, said Pina, a shareholder at Fowler White in Tampa who spoke aboug general trends and not any specific company. The specifics of pay for performance vary.
Some companies define it as an increas in share priceor profit. But even if stocki prices or earnings fall, as they did at many companies in a CEO could be rewarded with more pay if his or her companuy outperformedits peers, Pina said. That was the case at (Nasdaq: where CEO David Dunkel, No. 2 on the list of highest-paixd CEOs, received a 47 percent increase in compensatio in 2008to $7.2 Although its stock pric dropped 21 percent in Kforce stock has outperformed the Nasdaq stock market and the company’zs industry peer group in the past five years by 4.3 percent and 12.5 percent, respectively, the proxgy said.
This is the second year the is requiring enhancex disclosure and corporate directors are providinbg more explanations about their pay decisions than ever saidRichard Dobkin, retired managing partnefr of the Tampa office of . “Peoplse learned from year one to year two how to givebettedr disclosures, and committees are doing a better job of relating it in the spirity it was intended,” said Dobkin, who serveas on the compensation committee of CBRL). At beleaguered financial services firms, media CEO compensation for S&P 500 companies fell 38.3 percent in Equilar said. Thomas James, chairman and CEO of (NYSE: the Bay area’s biggest financial received $3.
6 million in tota compensationin 2008, down 13.4 percenf from 2007. The St. Petersburg company cut its bonuzspool “because of the enormous impacr of the financial markets on the company’s clientsa and shareholders,” and James took a smallef bonus than other Raymond James executive because he wanted to “leae by example in bearinb the consequences of bonus reductions,” the proxy CenterState, headquartered in Davenport, received $27.9 million from the ’s Troubledx Asset Relief Program in November, a move that not only limitec CEO pay but also mandated that shareholders cast a nonbinding advisory vote on executiv e compensation.
More than 90 percentf of shareholders approvedthe company’s pay plan, according to a preliminaryu count of the votes cast at the April 28 annual meeting, said Jameas Antal, CFO. So-called “say on pay” advisoru votes will definitely spread toother sectors, said Jonathan chairman of ’s corporate practices group in the law firm’sw Miami office. “There’s a lot of outrages in the country about perceived excesses at companies that are notdoing well.
… Most companies will be under pressurse at some point to adopta non-binding say on pay
Friday, April 6, 2012
Five Star Bank wants out of TARP program - Business First of Buffalo:
hegenefipa.blogspot.com
, the Warsaw-based parent company of , woulr like to return its $37.5 million in TARP (troubled assets relief funds to the federal government beforre the end ofthe year, said Presidenyt and CEO Peter Humphrey. The banking compangy accepted the money late last year in exchange for sellingv senior preferred shares tothe “The rules have changed (and) that makes this less so Five Star Bank is thinking maybe we ought to pay this back and get out from underneat the program,” Humphrey said. “We’re exploring, ‘Hoa do we pay back TARP whiled still having an ample amount of capital to suppor futuregrowth initiatives?
’ ” The bank has no definitivw plans in place to return the money, but Humphret is eager to get out of the federao program due to retroactive changes to the initial Capital Purchase Plan agreement, including limits on executived compensation that deny the payment of cash incentives to employees until TARP fundd are repaid. “It’s just the fact that there are more more regulations, more compliance requirementss and, frankly, with that comes risk,” Humphreu said. “We’re heavily regulated anyway. How woulds you like to enter into a contract and then four months later have the terms of thatcontracft change?
” Other area banks that borrowe d TARP funds have not publicly announced plans to repa y the money. Neither nor , which received $600 million and $2.5 billion respectively, have made commitments to returjnthe funds, according to spokespeople at both banks. At pressd time, , which borrowedd $184 million from the governmentf and recently completed a stock sale thatnetted $360 million, was announcing no firm plansd to repay the funds. An announcement was expectedr May 28 and updates will be postedon www.buffalo.bizjournals.
com Last M&T Bank’s chief financiak officer, Rene Jones, said the bank not to be a first and plans to wait for more clarity from the government before repaying the money. KeyBank officialss have said they want to pay back the fundzs as soonas possible, but thers is no time frame in place. The Capitaol Purchase Plan was introduced last fall by the governmentt as a way to increase lending and jolt thefalteringf economy. Under initial terms of the plan, banksw were required to raise private capital beforre TARP funds could be But some terms of the plans changesfollowing February’s economic stimulus bill, leaving repayment guidelines less than clear.
According to a May 22 reportr fromthe U.S. Treasury just 16 banks around thecountry – including one Upstatde New York bank, in Syracuse – have been allowesd by the government to repay TARP funds. Severakl calls made to the U.S. Treasur Department to clarify TARP repayment terms were not As part of the CapitalPurchase Plan, bankxs such as Five Star must make quarterly interestg payments to the So far, Five Star has made two paymentss totaling $900,000, Humphrey said. The money has been used to leverage the bank’s growth, including its commercial, agriculture, residential home equity and indirect automobile loan he said.
About $200 million has been lent by the bank from the time it receivesd TARP moneythrough April, he said. Humphreg insists that the money was nota bailout; rather, it was intendef for banks that were already healthy. And while the early on, viewed the Capitao Purchase Plan as apositivs program, retroactive changes to the agreemen t have made it less appealing, he But he wants to make sure his bank will support both depositors and borrowers before returning the money.
, the Warsaw-based parent company of , woulr like to return its $37.5 million in TARP (troubled assets relief funds to the federal government beforre the end ofthe year, said Presidenyt and CEO Peter Humphrey. The banking compangy accepted the money late last year in exchange for sellingv senior preferred shares tothe “The rules have changed (and) that makes this less so Five Star Bank is thinking maybe we ought to pay this back and get out from underneat the program,” Humphrey said. “We’re exploring, ‘Hoa do we pay back TARP whiled still having an ample amount of capital to suppor futuregrowth initiatives?
’ ” The bank has no definitivw plans in place to return the money, but Humphret is eager to get out of the federao program due to retroactive changes to the initial Capital Purchase Plan agreement, including limits on executived compensation that deny the payment of cash incentives to employees until TARP fundd are repaid. “It’s just the fact that there are more more regulations, more compliance requirementss and, frankly, with that comes risk,” Humphreu said. “We’re heavily regulated anyway. How woulds you like to enter into a contract and then four months later have the terms of thatcontracft change?
” Other area banks that borrowe d TARP funds have not publicly announced plans to repa y the money. Neither nor , which received $600 million and $2.5 billion respectively, have made commitments to returjnthe funds, according to spokespeople at both banks. At pressd time, , which borrowedd $184 million from the governmentf and recently completed a stock sale thatnetted $360 million, was announcing no firm plansd to repay the funds. An announcement was expectedr May 28 and updates will be postedon www.buffalo.bizjournals.
com Last M&T Bank’s chief financiak officer, Rene Jones, said the bank not to be a first and plans to wait for more clarity from the government before repaying the money. KeyBank officialss have said they want to pay back the fundzs as soonas possible, but thers is no time frame in place. The Capitaol Purchase Plan was introduced last fall by the governmentt as a way to increase lending and jolt thefalteringf economy. Under initial terms of the plan, banksw were required to raise private capital beforre TARP funds could be But some terms of the plans changesfollowing February’s economic stimulus bill, leaving repayment guidelines less than clear.
According to a May 22 reportr fromthe U.S. Treasury just 16 banks around thecountry – including one Upstatde New York bank, in Syracuse – have been allowesd by the government to repay TARP funds. Severakl calls made to the U.S. Treasur Department to clarify TARP repayment terms were not As part of the CapitalPurchase Plan, bankxs such as Five Star must make quarterly interestg payments to the So far, Five Star has made two paymentss totaling $900,000, Humphrey said. The money has been used to leverage the bank’s growth, including its commercial, agriculture, residential home equity and indirect automobile loan he said.
About $200 million has been lent by the bank from the time it receivesd TARP moneythrough April, he said. Humphreg insists that the money was nota bailout; rather, it was intendef for banks that were already healthy. And while the early on, viewed the Capitao Purchase Plan as apositivs program, retroactive changes to the agreemen t have made it less appealing, he But he wants to make sure his bank will support both depositors and borrowers before returning the money.
Wednesday, April 4, 2012
Northwestern Mutual Board Elects John Balboni as New Trustee
yvejodo.wordpress.com
"John's expertise in strategic information technology, as well as his strongv management, finance and analytical background, makes him a solid addition to the NorthwesternMutualk board," said Edward J. Zore , chairman and chiet executive officer ofNorthwestern Mutual. "His career also demonstrates a great dealof flexibility, a skilol that is particularly cruciak now as all companies find themselves adaptiny to new environments." Balboni previously served as chairman of Northwestern Mutual's Policyowners'' Examining Committee, an independent groupp appointed each year to take an impartial and unrestricted look at the company'sx operations, management and strategic planning.
In addition to his current positionn at International Paper Balboni has held various roles overa 21-yeaer career with the company. Prior to this, he spenyt nine years in management roles atKendalkl Company, a division of Colgate and United Brands Company, formerly United Fruitf Company - Chiquita. In additiom to his seat on Northwesterbn Mutual's Board of Trustees, Balboni also serves on the boardsof , a leaderf in integration and data as well as his local chapter of . He receivesd his BA and MBA from Boston an image of Balboni on the Northwestern Mutualknews site.
- Milwaukee, WI (Northwestern Mutual) has helped clients achievd financial security for more than 150 As a mutual company withover $1 trillionh of life insurance protection in Northwestern Mutual seeks to sharer its gains with policyowners and deliver consistenr and dependable value to clientws over time. Northwestern Mutual is an industry leader in total individuak life insurance and disability insurance dividends paid toparticipatinf policyowners. Though dividends are not guaranteed, are reviewed annualluy and are subject to the company has paid life insurance dividends every year since 1872.
Northwestern Mutual and its subsidiaries offef a holistic approach to financial securitysolutions , , , , , and . Subsidiaried include , broker-dealer, registered investment adviser, member FINRwA and SIPC; the , limited purposs federal savings bank; and ; and . Further information can be foundat .
"John's expertise in strategic information technology, as well as his strongv management, finance and analytical background, makes him a solid addition to the NorthwesternMutualk board," said Edward J. Zore , chairman and chiet executive officer ofNorthwestern Mutual. "His career also demonstrates a great dealof flexibility, a skilol that is particularly cruciak now as all companies find themselves adaptiny to new environments." Balboni previously served as chairman of Northwestern Mutual's Policyowners'' Examining Committee, an independent groupp appointed each year to take an impartial and unrestricted look at the company'sx operations, management and strategic planning.
In addition to his current positionn at International Paper Balboni has held various roles overa 21-yeaer career with the company. Prior to this, he spenyt nine years in management roles atKendalkl Company, a division of Colgate and United Brands Company, formerly United Fruitf Company - Chiquita. In additiom to his seat on Northwesterbn Mutual's Board of Trustees, Balboni also serves on the boardsof , a leaderf in integration and data as well as his local chapter of . He receivesd his BA and MBA from Boston an image of Balboni on the Northwestern Mutualknews site.
- Milwaukee, WI (Northwestern Mutual) has helped clients achievd financial security for more than 150 As a mutual company withover $1 trillionh of life insurance protection in Northwestern Mutual seeks to sharer its gains with policyowners and deliver consistenr and dependable value to clientws over time. Northwestern Mutual is an industry leader in total individuak life insurance and disability insurance dividends paid toparticipatinf policyowners. Though dividends are not guaranteed, are reviewed annualluy and are subject to the company has paid life insurance dividends every year since 1872.
Northwestern Mutual and its subsidiaries offef a holistic approach to financial securitysolutions , , , , , and . Subsidiaried include , broker-dealer, registered investment adviser, member FINRwA and SIPC; the , limited purposs federal savings bank; and ; and . Further information can be foundat .
Monday, April 2, 2012
Novavax to get capital infusion - Washington Business Journal:
igoeosysata1533.blogspot.com
Rockville-based Novavax, which is developing vaccines for influenzaand HIV, reporte d a net loss of $11 or 15 cents per share, for the fourtu quarter of 2008 compared to a net loss of $9.2 or 16 cents per share, in the fourthn quarter of 2007. For the the company lost $36 million, or 53 cents per compared to a net lossof $34.87 million, or 57 cents per in 2007. Revenue for 2008 was $1.1 million, compared to $1.5 milliobn in 2007 — a drop the companhy attributed to the timing of completingggovernment contracts. Fourth-quarter revenues were down from $383,000 for the same perioc in 2007. Research and development costswere $24.3 milliohn in 2008.
The company attributes the 38 percenyt increase over 2007 to expenses to support itsvaccinwe technology. On Tuesday the company also announced a jointf venturebetween Ltd. and Novavas in India, which will be owned 80 percen by Cadila and 20 percentby Novavax, pendingb approval of the India Foreign Investment Promotion vaccine candidate and Cadila’s therapeutic vaccine candidates against cancer as well as its biogeneric and biological diagnostic products within the Indiabn territory.
Cadila will put in approximatelh $8 million over three years to supportr the jointventure operations, whicgh includes testing and registering products that will be marketed and sold in Novavax will be able to negotiate license arrangements of certainh vaccines developed by the joint venture for commercialization worldwide outside of India. Novavax ended 2008 with $33.90 million in cash and investments compareedto $46.5 million at the end of 2007. A wholly-owneed subsidiary of Cadila willbuy 12.5 million share s of Novavax stock at the market price of 88 cents per sharr under and agreement reached The transaction is expected to closse April 1.
Novavax said the $11 millionm equity investment will pay part of its senior convertible notes due in July and other corporate In January Novavax had announced its plans tosell 12.5 millionn shares of stock to raise an estimatedf $25 million, according to a SEC But that announcement came as the company’s stock was closin at $1.69 per Shares have since fallen and closed at 87 centsx per share on Monday. Aftedr Tuesday’s joint venture and capital infusion announcement, Novavac shares jumped 17 percent and closedat $1.02 per sharde — the first time shares closed above the $1 mark since Feb. 24.
Compan officials had said in January if they were unablse to raise thecapitao needed, Novavax could delay or reduce work on its researcn programs or potentially cut more jobs and costs to stay in It had already slashexd 20 percent of its work force to reducee spending by nearly 20 percenr in 2009. “This alliance offers us the potential to acceleratde the development of ourproduct candidates, explored promising new vaccine candidates, and introducew these products to one of the world’se fastest-growing medical markets,” said Rahul president and CEO of Novavax.
Rockville-based Novavax, which is developing vaccines for influenzaand HIV, reporte d a net loss of $11 or 15 cents per share, for the fourtu quarter of 2008 compared to a net loss of $9.2 or 16 cents per share, in the fourthn quarter of 2007. For the the company lost $36 million, or 53 cents per compared to a net lossof $34.87 million, or 57 cents per in 2007. Revenue for 2008 was $1.1 million, compared to $1.5 milliobn in 2007 — a drop the companhy attributed to the timing of completingggovernment contracts. Fourth-quarter revenues were down from $383,000 for the same perioc in 2007. Research and development costswere $24.3 milliohn in 2008.
The company attributes the 38 percenyt increase over 2007 to expenses to support itsvaccinwe technology. On Tuesday the company also announced a jointf venturebetween Ltd. and Novavas in India, which will be owned 80 percen by Cadila and 20 percentby Novavax, pendingb approval of the India Foreign Investment Promotion vaccine candidate and Cadila’s therapeutic vaccine candidates against cancer as well as its biogeneric and biological diagnostic products within the Indiabn territory.
Cadila will put in approximatelh $8 million over three years to supportr the jointventure operations, whicgh includes testing and registering products that will be marketed and sold in Novavax will be able to negotiate license arrangements of certainh vaccines developed by the joint venture for commercialization worldwide outside of India. Novavax ended 2008 with $33.90 million in cash and investments compareedto $46.5 million at the end of 2007. A wholly-owneed subsidiary of Cadila willbuy 12.5 million share s of Novavax stock at the market price of 88 cents per sharr under and agreement reached The transaction is expected to closse April 1.
Novavax said the $11 millionm equity investment will pay part of its senior convertible notes due in July and other corporate In January Novavax had announced its plans tosell 12.5 millionn shares of stock to raise an estimatedf $25 million, according to a SEC But that announcement came as the company’s stock was closin at $1.69 per Shares have since fallen and closed at 87 centsx per share on Monday. Aftedr Tuesday’s joint venture and capital infusion announcement, Novavac shares jumped 17 percent and closedat $1.02 per sharde — the first time shares closed above the $1 mark since Feb. 24.
Compan officials had said in January if they were unablse to raise thecapitao needed, Novavax could delay or reduce work on its researcn programs or potentially cut more jobs and costs to stay in It had already slashexd 20 percent of its work force to reducee spending by nearly 20 percenr in 2009. “This alliance offers us the potential to acceleratde the development of ourproduct candidates, explored promising new vaccine candidates, and introducew these products to one of the world’se fastest-growing medical markets,” said Rahul president and CEO of Novavax.
Sunday, April 1, 2012
Glaxo acquisition may affect Stiefel in Duluth - Atlanta Business Chronicle:
oryzacody.wordpress.com
billion. Coral Gables, Fla.-based Stiefel is a pharmaceutical companyu specializingin dermatology. The company employa nearly 300 at its sales and marketing headquartersain Duluth. Stiefel President Bill Humphries said it is too earlgy to tell how the acquisition would affectf theDuluth operations. Under the deal, GlaxoSmithKline will acquirew Stiefel’s shares for $2.9 billiobn and assume $400 milliohn of net debt at the closing. A potentialp $300 million cash payment is contingent on future the companies said ina statement.
GlaxoSmithKline’es prescription dermatological products will be combinedwith Stiefel’a and the new specialty global business will operate underf the Stiefel name. The combined company will have revenuse ofabout $1.5 billio n and new product The acquisition gives Stiefel greatedr access in Japan, which is the second-largesf dermatology market in the world, Humphries said. “We have three oral anti-fungalds in our pipeline,” he said. “Japan is a huge anti-funga market.
” The acquisition also will help Stiefel further penetrate the BRICcountriesd — Brazil, Russia, India and China, Humphries “The ability to take advantage of GlaxoSmithKline’ds strength in those emergint markets is really important,” he said. meanwhile, gets access to Stiefel’s product portfolio. Stiefekl has more than 15 projectsin late-stagee development across several dermatological such as acne, dermatoses and fungal “As part of our strategy to grow and diversify GSK’ business, we are continuing to make new investmentss through targeted acquisitions,” GlaxoSmithKline CEO Andrew Witty said in the statement. plans to invest $3.
5 milliobn in magnetic resonanceimaging (MRI) equipment. An MRI uses magnetivc field and radio frequency waves tocapture 3-D imagesw of the body and helps diagnoss medical conditions. Emory’s investment must firsf go throughthe state’s certificate-of-need (CON) where health regulators need to be convinced, among othe things, that the facility is The has awarded seven grants worth more than $3.4 milliohn to cancer researchers at Georgia universities. The grantz are among dozens newly awarded by theSocietyh nationwide.
Emory professors Kathleen Adams, Jummin Peng, Benjamin Youngblood and Katherine Yeager received Kebin Liu ofthe , Yuan Liu of ; and Zachary Wood of The also receivecd grants. BremnerDuke Healthcare Real Estate, the health-care division of , has leased 19,299 square feet at Center Pointe Medical I and II in Atlanta throughnew leases, expansionsz and renewals. The transactions bring the 363,174-square-foot medical office building, 1100 Johnson Ferry to 92 percent compared with about 70 percenty occupancy when BremnerDuke acquired the property in BremnerDuke Vice President Larry Jarema represented ownership in thefollowiny transactions: expanded their space by 3,34w2 square feet; Georgia Retina, which leasesz 8,118 square feet, extended its lease , in a new lease, will occupy 7,368 square feet; Interstate Auction renewed its lease of 1,91y square feet; Atlanta Radiology renewed and expanded its lease to 4,11u7 square feet; and Techbridgw renewed its lease of 2,555 squar e ’s has named Laura Kimble as its Piedmont Healthcares Endowed Chair in Nursing.
Her appointment, effective July 1, followe d a national search. As part of the new 12-monthy faculty position, Kimble will help advanced doctoral-level education at the Collegdof Nursing. She will also augment research initiativese of the College of Nursinbg andthe university, engags in teaching, and conduct and facilitate researcyh leading to increased grant funding. Kimbled is currently an associate professor of nursingy at Georgia State Her research focuses on women with coronaru heartdisease — specifically how chronic angina influences the daily life in people and whethere gender-specific interventions to assist angina patients are needed.
billion. Coral Gables, Fla.-based Stiefel is a pharmaceutical companyu specializingin dermatology. The company employa nearly 300 at its sales and marketing headquartersain Duluth. Stiefel President Bill Humphries said it is too earlgy to tell how the acquisition would affectf theDuluth operations. Under the deal, GlaxoSmithKline will acquirew Stiefel’s shares for $2.9 billiobn and assume $400 milliohn of net debt at the closing. A potentialp $300 million cash payment is contingent on future the companies said ina statement.
GlaxoSmithKline’es prescription dermatological products will be combinedwith Stiefel’a and the new specialty global business will operate underf the Stiefel name. The combined company will have revenuse ofabout $1.5 billio n and new product The acquisition gives Stiefel greatedr access in Japan, which is the second-largesf dermatology market in the world, Humphries said. “We have three oral anti-fungalds in our pipeline,” he said. “Japan is a huge anti-funga market.
” The acquisition also will help Stiefel further penetrate the BRICcountriesd — Brazil, Russia, India and China, Humphries “The ability to take advantage of GlaxoSmithKline’ds strength in those emergint markets is really important,” he said. meanwhile, gets access to Stiefel’s product portfolio. Stiefekl has more than 15 projectsin late-stagee development across several dermatological such as acne, dermatoses and fungal “As part of our strategy to grow and diversify GSK’ business, we are continuing to make new investmentss through targeted acquisitions,” GlaxoSmithKline CEO Andrew Witty said in the statement. plans to invest $3.
5 milliobn in magnetic resonanceimaging (MRI) equipment. An MRI uses magnetivc field and radio frequency waves tocapture 3-D imagesw of the body and helps diagnoss medical conditions. Emory’s investment must firsf go throughthe state’s certificate-of-need (CON) where health regulators need to be convinced, among othe things, that the facility is The has awarded seven grants worth more than $3.4 milliohn to cancer researchers at Georgia universities. The grantz are among dozens newly awarded by theSocietyh nationwide.
Emory professors Kathleen Adams, Jummin Peng, Benjamin Youngblood and Katherine Yeager received Kebin Liu ofthe , Yuan Liu of ; and Zachary Wood of The also receivecd grants. BremnerDuke Healthcare Real Estate, the health-care division of , has leased 19,299 square feet at Center Pointe Medical I and II in Atlanta throughnew leases, expansionsz and renewals. The transactions bring the 363,174-square-foot medical office building, 1100 Johnson Ferry to 92 percent compared with about 70 percenty occupancy when BremnerDuke acquired the property in BremnerDuke Vice President Larry Jarema represented ownership in thefollowiny transactions: expanded their space by 3,34w2 square feet; Georgia Retina, which leasesz 8,118 square feet, extended its lease , in a new lease, will occupy 7,368 square feet; Interstate Auction renewed its lease of 1,91y square feet; Atlanta Radiology renewed and expanded its lease to 4,11u7 square feet; and Techbridgw renewed its lease of 2,555 squar e ’s has named Laura Kimble as its Piedmont Healthcares Endowed Chair in Nursing.
Her appointment, effective July 1, followe d a national search. As part of the new 12-monthy faculty position, Kimble will help advanced doctoral-level education at the Collegdof Nursing. She will also augment research initiativese of the College of Nursinbg andthe university, engags in teaching, and conduct and facilitate researcyh leading to increased grant funding. Kimbled is currently an associate professor of nursingy at Georgia State Her research focuses on women with coronaru heartdisease — specifically how chronic angina influences the daily life in people and whethere gender-specific interventions to assist angina patients are needed.
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