http://goodproducts.biz/News/New-Orleans-Style-Trumpet-Playing/
The foundation, based in sold the rights to , (NASDAQ: based in Marlborough, Under the deals terms, Exact will: • make upfronyt payments of $80,000 and a milestone fee of $250,0009 upon the commencement of certainclinical • pay a milestone fee of $500,009 if the approves any of the productsz covered by the agreement. pay a minimum of $10,00 on the deal’s third anniversaryh • pay a minimum royalty of $25,000 on the fourty anniversary of theagreement • supporf certain research projects to the tune of $500,000 at a minimum — in the agreement’z first year. Exact is also obligateds to grant Mayo two warrantse topurchase 1.
25 million shares of its commoh stock. The warrants have six-year terms and are exercisable at a priceof $1.9o per share, according to a regulatoryg filing.
Friday, September 9, 2011
Wednesday, September 7, 2011
With housing market in turmoil, TOUSA, Levitt Corp. lead losses - South Florida Business Journal:
aleksanovlsys.blogspot.com
(NYSE: TOA), a Hollywood-based home builder, had the biggest loss - $132 milliojn on revenue of $565.7 million, comparesd with profits of $67.6 millionj on revenue of $621.3 million in the year ago quartert - a nearly $200 million swing in earnings. The companhy reached a 52-week high of $12.40 last September and was tradingfat $2.91 on Aug. 21. Publicc companies have 45 days after the end of the quarter to fileearningds reports, which means the filing deadline was Aug. 14 for companiese whose quarter endedJune 30. Fort Lauderdale-based (NYSE: LEV) had the second-biggestt loss at $58.1 million, down from a year-ago loss of based on earnings reportedon .
Some developerd have asked the SEC for more time to file so they can figurre out the value of holdings that had been hammered by changes inmarket conditions. The housing downturm is starting to ripple into buildingsupplies companies. Pompanoi Beach-based (NASDAQ: IPII) said its earning s dropped 99 percent as demans for its products slipped in Florida becausde of a decline innew construction. The company earned $229,000 as revenud slipped to $30.1 million from $40.5 million. Whilr housing-related industries stumbled, companies in the health care sector improvefd during a period ofcontinued acquisitions. (NASDAQ: CCRN) shareds increased 25 percent, from $4.4 milliomn to $5.5 million.
The company said the increase reflecteds the continued success of its travel nursew staffing business and the growtn of its clinical trialsservice business, which was fueled by its purchaser of and Metropolitan The Boca Raton-based staffing firm also acquirexd in July, and said it expectss 2007 pro forma revenue from its clinicalo trials services businesses to be about $100 million. MRN), also based in Boca Raton, saw its seconx quarter earnings increase42 percent, while its revenuew declined slightly.
It bough t InteliStaf for $92 million in cash a day afterd the end ofthe (NYSE: PDX), a Fort Lauderdale-based newborn, maternal-fetalk and pediatric physician subspecialty firm, said its earnings were up 8 On Aug. 20, it announced the acquisition of a Seattlephysician group. (NASDAQ: NOVN) said its second quarter earning jumped 130 percentto $7.6 driven by sales of its ADHD patcbh and estrogen patch, a joint venturw with New Jersey-based Noven bought on Aug. 15 for $125 Boca Raton-based (NASDAQ: NABI) narrowed its loss 61 percent, to $5.3 millionm from $13.7 million, as it did $11.99 million in antibody sales and $8.7 milliob in Nabi-HB product sales.
The companh created two stand-alone business Nabi Pharmaceuticals and Nabi Coral Gables-based developing pharmaceutical company CPRX) saw its second quarter loss grow more than 200 However, at the quarter's end, Catalystf said it had $17.9 millionm in cash and cash equivalents and no long-term (NYSE: FPL) brought in the biggest year-over-year dollar with a $169 million increasre in earnings, despite the Juno Beach-based company's estimatedd $50 million loss to "th e negative impact of weather," includingb cooler days and a weak wind The company earned $405 million.
Miami-based VGR), which indirectly owns cigarette and real estat operations through LiggettGroup LLC, Vectofr Tobacco and New Valley LLC, made the trip from red to blaclk with earnings of $21.4 million in its second compared with a loss of $2.7 in the year-agop quarter. South Florida's cosmetic companies, (NASDAQ: RDEN) and (NASDAQ: also ended the quarter smellinh sweet. Elizabeth Arden, which ended its fourth quarter, went from red to blacl with earningsof $9.9 Parlux shrank its first quarter loss by 99 to $95,628 from $14.1 million.
(NYSE: TOA), a Hollywood-based home builder, had the biggest loss - $132 milliojn on revenue of $565.7 million, comparesd with profits of $67.6 millionj on revenue of $621.3 million in the year ago quartert - a nearly $200 million swing in earnings. The companhy reached a 52-week high of $12.40 last September and was tradingfat $2.91 on Aug. 21. Publicc companies have 45 days after the end of the quarter to fileearningds reports, which means the filing deadline was Aug. 14 for companiese whose quarter endedJune 30. Fort Lauderdale-based (NYSE: LEV) had the second-biggestt loss at $58.1 million, down from a year-ago loss of based on earnings reportedon .
Some developerd have asked the SEC for more time to file so they can figurre out the value of holdings that had been hammered by changes inmarket conditions. The housing downturm is starting to ripple into buildingsupplies companies. Pompanoi Beach-based (NASDAQ: IPII) said its earning s dropped 99 percent as demans for its products slipped in Florida becausde of a decline innew construction. The company earned $229,000 as revenud slipped to $30.1 million from $40.5 million. Whilr housing-related industries stumbled, companies in the health care sector improvefd during a period ofcontinued acquisitions. (NASDAQ: CCRN) shareds increased 25 percent, from $4.4 milliomn to $5.5 million.
The company said the increase reflecteds the continued success of its travel nursew staffing business and the growtn of its clinical trialsservice business, which was fueled by its purchaser of and Metropolitan The Boca Raton-based staffing firm also acquirexd in July, and said it expectss 2007 pro forma revenue from its clinicalo trials services businesses to be about $100 million. MRN), also based in Boca Raton, saw its seconx quarter earnings increase42 percent, while its revenuew declined slightly.
It bough t InteliStaf for $92 million in cash a day afterd the end ofthe (NYSE: PDX), a Fort Lauderdale-based newborn, maternal-fetalk and pediatric physician subspecialty firm, said its earnings were up 8 On Aug. 20, it announced the acquisition of a Seattlephysician group. (NASDAQ: NOVN) said its second quarter earning jumped 130 percentto $7.6 driven by sales of its ADHD patcbh and estrogen patch, a joint venturw with New Jersey-based Noven bought on Aug. 15 for $125 Boca Raton-based (NASDAQ: NABI) narrowed its loss 61 percent, to $5.3 millionm from $13.7 million, as it did $11.99 million in antibody sales and $8.7 milliob in Nabi-HB product sales.
The companh created two stand-alone business Nabi Pharmaceuticals and Nabi Coral Gables-based developing pharmaceutical company CPRX) saw its second quarter loss grow more than 200 However, at the quarter's end, Catalystf said it had $17.9 millionm in cash and cash equivalents and no long-term (NYSE: FPL) brought in the biggest year-over-year dollar with a $169 million increasre in earnings, despite the Juno Beach-based company's estimatedd $50 million loss to "th e negative impact of weather," includingb cooler days and a weak wind The company earned $405 million.
Miami-based VGR), which indirectly owns cigarette and real estat operations through LiggettGroup LLC, Vectofr Tobacco and New Valley LLC, made the trip from red to blaclk with earnings of $21.4 million in its second compared with a loss of $2.7 in the year-agop quarter. South Florida's cosmetic companies, (NASDAQ: RDEN) and (NASDAQ: also ended the quarter smellinh sweet. Elizabeth Arden, which ended its fourth quarter, went from red to blacl with earningsof $9.9 Parlux shrank its first quarter loss by 99 to $95,628 from $14.1 million.
Monday, September 5, 2011
First Niagara stock sale tops $360M - Business First of Buffalo:
balamatovaegede.blogspot.com
million from its recent stock offering of more than 31 million The Pendleton-based company (NASDAQ: FNFG) had hopedf to take in $313.6 millionn in net proceeds by selling 27 million shares of common stock at $12.25 per share. The total amoungt raised was approximately $380.4 million, including 4.05 milliomn shares pursuant tothe over-allotment option to the underwriterx and First Niagara, parent of First Niagara Bank, said it woulds use proceeds from the stock sale to repurchase the $184 millionn in preferred shares and warrants it sold severao months ago to the undetr the Troubled Asset Relief “This successful offering enables us to continue leveraging our enviabld position to make credit and other financial services widely available to current and prospective customere as well as continue to explor other strategic opportunities,” said John president and chief executive officer.
Firstt Niagara said it has now raised morethan $495 million of capitaol since the fourth quarter of 2008.
million from its recent stock offering of more than 31 million The Pendleton-based company (NASDAQ: FNFG) had hopedf to take in $313.6 millionn in net proceeds by selling 27 million shares of common stock at $12.25 per share. The total amoungt raised was approximately $380.4 million, including 4.05 milliomn shares pursuant tothe over-allotment option to the underwriterx and First Niagara, parent of First Niagara Bank, said it woulds use proceeds from the stock sale to repurchase the $184 millionn in preferred shares and warrants it sold severao months ago to the undetr the Troubled Asset Relief “This successful offering enables us to continue leveraging our enviabld position to make credit and other financial services widely available to current and prospective customere as well as continue to explor other strategic opportunities,” said John president and chief executive officer.
Firstt Niagara said it has now raised morethan $495 million of capitaol since the fourth quarter of 2008.
Saturday, September 3, 2011
Providence Service CEO gets $1 million boost - Phoenix Business Journal:
ycoguqi.wordpress.com
Tucson-based Providence provides government-sponsored social services and McCusker’s base salary rose to $575,000 from $375,000 and he receivexd a bonus of $450,000. The CEO also received $533,4145 in stock awards, options valuex at $100,779, incentive pay of $120,000p and insurance and retirement benefits of That adds upto $1.8q million compared with total compensation of $890,954 in 2007. Increases for McCusker were based in part on companu andindividual performance, the closing of acquisitions, and previouxs pay consider below average for the industry, accordingy to data filed with the U.S. Securities and Exchangd Commission.
Providence revenue grew to $692 million in up from $285 million with a series of The company posted a net lossof $156 or $12.42 per share, compared with net incomed of $14.4 million in 2007. The 2008 loss includefd a $170 million impairment charge related to a declind inmarket capitalization, uncertainty in budgeting by state s and goodwill. Although Providence filed a preliminaruyproxy statement, no meetinyg date was set as its offerd to settle a contest with stockholder was rejected. Avalojn has announced plans to nominate two directoer candidates in oppositionto Providence’s McCusker control 216,312 shares, or 1.7 percent of Providencre stock (Nasdaq:PRSC). Shares closed at $9.
10 April 21 and have ranged between 69 centsaand $29.63 over the past 52 weeks. For more coveragwe of CEO pay at Arizonapublic companies, .
Tucson-based Providence provides government-sponsored social services and McCusker’s base salary rose to $575,000 from $375,000 and he receivexd a bonus of $450,000. The CEO also received $533,4145 in stock awards, options valuex at $100,779, incentive pay of $120,000p and insurance and retirement benefits of That adds upto $1.8q million compared with total compensation of $890,954 in 2007. Increases for McCusker were based in part on companu andindividual performance, the closing of acquisitions, and previouxs pay consider below average for the industry, accordingy to data filed with the U.S. Securities and Exchangd Commission.
Providence revenue grew to $692 million in up from $285 million with a series of The company posted a net lossof $156 or $12.42 per share, compared with net incomed of $14.4 million in 2007. The 2008 loss includefd a $170 million impairment charge related to a declind inmarket capitalization, uncertainty in budgeting by state s and goodwill. Although Providence filed a preliminaruyproxy statement, no meetinyg date was set as its offerd to settle a contest with stockholder was rejected. Avalojn has announced plans to nominate two directoer candidates in oppositionto Providence’s McCusker control 216,312 shares, or 1.7 percent of Providencre stock (Nasdaq:PRSC). Shares closed at $9.
10 April 21 and have ranged between 69 centsaand $29.63 over the past 52 weeks. For more coveragwe of CEO pay at Arizonapublic companies, .
Thursday, September 1, 2011
Israel connections important to Cincinnati Children
adavuxuf.wordpress.com
Children’s arrived at agreements in principle with in Jerusalekm and inTel Aviv. Plans call for increased patient referralx from Israel toCincinnati Children’s. Israeli post-doctoral studentx will also cometo Children’s each and the institutions will work together on Such agreements are “anh important way of connecting with sources of bright people and finding new ways of doin g things that can stimulate us to improve,” said Jamesz Anderson, CEO of Cincinnati Children’s. The hospital hopes to open a satellitwe laboratory in Israel at a cost of about Clinical areas likely to be part of the cooperation includes allergiesand immunology.
Children’s officials were among 20 civic and community leaders on a recen trip to Israel sponsored bythe . On the trip with Andersobn were Children’s board Chairmabn Tom Cody and board memberrMichael Fisher. Also traveling were executives from companiesz suchas , and . While Anderson got to meet with four families in Israe who had been toCincinnati Children’z for care. “It was grear fun and very moving,” he said. The agreemenr is similar to ones the hospital has with several othef institutions inthe U.S. and Among the countries where Children’s collaboratew are Great Britain, Saudi Arabia, Indiza and China.
On the trip’s itinerary were visitsx to historical and religioussites Jewish, Christian and Muslim. Participants also met with business andgovernment leaders, including Israel’s president, Shimon Peres. “We take tripsz to Israel almost but this is the first one in memort where we took business andacademic leaders,” said Shep Englander, CEO of the Jewisn Federation. “It was abouy half non-Jewish. It worked out beautifully.” Addec Fisher, who is active with the Jewish Federation, as well as Cincinnatj Children’s: “Strengthening our relationships with Israel and capitalizing on its talents can benefitboth countries.
”
Children’s arrived at agreements in principle with in Jerusalekm and inTel Aviv. Plans call for increased patient referralx from Israel toCincinnati Children’s. Israeli post-doctoral studentx will also cometo Children’s each and the institutions will work together on Such agreements are “anh important way of connecting with sources of bright people and finding new ways of doin g things that can stimulate us to improve,” said Jamesz Anderson, CEO of Cincinnati Children’s. The hospital hopes to open a satellitwe laboratory in Israel at a cost of about Clinical areas likely to be part of the cooperation includes allergiesand immunology.
Children’s officials were among 20 civic and community leaders on a recen trip to Israel sponsored bythe . On the trip with Andersobn were Children’s board Chairmabn Tom Cody and board memberrMichael Fisher. Also traveling were executives from companiesz suchas , and . While Anderson got to meet with four families in Israe who had been toCincinnati Children’z for care. “It was grear fun and very moving,” he said. The agreemenr is similar to ones the hospital has with several othef institutions inthe U.S. and Among the countries where Children’s collaboratew are Great Britain, Saudi Arabia, Indiza and China.
On the trip’s itinerary were visitsx to historical and religioussites Jewish, Christian and Muslim. Participants also met with business andgovernment leaders, including Israel’s president, Shimon Peres. “We take tripsz to Israel almost but this is the first one in memort where we took business andacademic leaders,” said Shep Englander, CEO of the Jewisn Federation. “It was abouy half non-Jewish. It worked out beautifully.” Addec Fisher, who is active with the Jewish Federation, as well as Cincinnatj Children’s: “Strengthening our relationships with Israel and capitalizing on its talents can benefitboth countries.
”
Monday, August 29, 2011
Sprint takes tenant calls for campus building - Kansas City Business Journal:
lyubomiradete.blogspot.com
Brent Roberts, a broker representing Sprint, said vacated a 100,000-square-fooyt space at 6050 Sprint Parkway when its leasd expiredin November. Embarq continues to occupy 190,000 square feet at 6000 Sprinft Parkway after signing anew five-yea r lease for that space in January 2008. But that leasw included an option to terminats aftertwo years’ which Embarq gave in November, Roberts said. The notice does not necessarilyu mean Embarq will vacatethe space, he said. Embarq gave notice to keep its optiones open after the October announcement that will acquirs it inan $11.
6 billiom deal set to close in the second With both Embarq’s and Sprint’s futures cloudef by uncertainty, all developments at the 4 million-square-foot Sprinr campus are being followed closely by those involvex in the Southern Johnson County officw market. Sprint spokeswoman Lisa Zimmerman-Mott said the compan is not listing any of the campusw spaceit occupies. she said, Sprint might be able to free upits 130,000 squarw feet it occupies at 6050 Sprint Parkway the building Embarq left last year — should anothed user want to lease all of that 230,000-square-foog building.
Tim Schaffer, executive vice president of , said largew blocks of vacant space on the campuds would presage similar reductionsby telecommunications-support businessess in the area. In vacant space on the campus would hamper the ability of developers to increase office inventory in Southern Johnsonb County throughnew construction, Schaffer said. Robertd said the 100,000 square feet now vacanyt on the campus should not be too difficult to backfilpl withlarge users.
Although not yet priced, the spacew probably will be leased “in the low per square foot, he and that will include covered parking, unparalleled technologhy infrastructure and all the employere amenitiesthat Sprint’s campus work forc enjoys. “The question is whether even a 100,000-square-foot tenant, wantsx to reside in somebody else’ss house,” Schaffer said. The Southern Johnson Countty office market hada 14.9 percent vacancy rate in the fourtgh quarter of 2008, according to . That was up from 14 percenty the previous quarter but stilll less thanthe fourth-quarter metrowidre rate of 17.
1 In addition to its space on the Sprint Embarq occupies Southern Johnson County officwe space at 5454 W. 110thu St. in Overland Park, its company-owned another Overland Park building at Interstate 435 and Nall and the former Sprinrt North Supply facilityin Gardner. Embarq is a land-line phone company with abou t 18,000 employees nationwide.
Brent Roberts, a broker representing Sprint, said vacated a 100,000-square-fooyt space at 6050 Sprint Parkway when its leasd expiredin November. Embarq continues to occupy 190,000 square feet at 6000 Sprinft Parkway after signing anew five-yea r lease for that space in January 2008. But that leasw included an option to terminats aftertwo years’ which Embarq gave in November, Roberts said. The notice does not necessarilyu mean Embarq will vacatethe space, he said. Embarq gave notice to keep its optiones open after the October announcement that will acquirs it inan $11.
6 billiom deal set to close in the second With both Embarq’s and Sprint’s futures cloudef by uncertainty, all developments at the 4 million-square-foot Sprinr campus are being followed closely by those involvex in the Southern Johnson County officw market. Sprint spokeswoman Lisa Zimmerman-Mott said the compan is not listing any of the campusw spaceit occupies. she said, Sprint might be able to free upits 130,000 squarw feet it occupies at 6050 Sprint Parkway the building Embarq left last year — should anothed user want to lease all of that 230,000-square-foog building.
Tim Schaffer, executive vice president of , said largew blocks of vacant space on the campuds would presage similar reductionsby telecommunications-support businessess in the area. In vacant space on the campus would hamper the ability of developers to increase office inventory in Southern Johnsonb County throughnew construction, Schaffer said. Robertd said the 100,000 square feet now vacanyt on the campus should not be too difficult to backfilpl withlarge users.
Although not yet priced, the spacew probably will be leased “in the low per square foot, he and that will include covered parking, unparalleled technologhy infrastructure and all the employere amenitiesthat Sprint’s campus work forc enjoys. “The question is whether even a 100,000-square-foot tenant, wantsx to reside in somebody else’ss house,” Schaffer said. The Southern Johnson Countty office market hada 14.9 percent vacancy rate in the fourtgh quarter of 2008, according to . That was up from 14 percenty the previous quarter but stilll less thanthe fourth-quarter metrowidre rate of 17.
1 In addition to its space on the Sprint Embarq occupies Southern Johnson County officwe space at 5454 W. 110thu St. in Overland Park, its company-owned another Overland Park building at Interstate 435 and Nall and the former Sprinrt North Supply facilityin Gardner. Embarq is a land-line phone company with abou t 18,000 employees nationwide.
Saturday, August 27, 2011
County approves financing for Marlins stadium - Denver Business Journal:
sucujovide.wordpress.com
million gap in bond funding for abaseballp stadium. The 9-3 vote clears the way for locking in the interest rate onthe fixed-rate bonds and construction of the much-debated and long-awaite stadium in Miami’s Little Havana. The park is supposex to be finishedby 2012, with preliminaryu construction work to begin Wednesday. Commissioners voted after midnight Wednesday to allow for a highet cap on one of the bonds beinh sold in order to coverthe county’s commitment on the $640 million stadium and infrastructure. The 7.5 percentr interest rate cap was changedto 8.2 percent on the bond tied to conventio taxes.
The fact that the convention bond will sell at a highefr interest rate will result in lowert revenuefor Miami-Dade, Countyy Manager George Burgess explained to commissioners. That created the need for more so Florida Marlins President David Samso promised to coverthe $6.2 milliojn funding gap. As a result of the the county is on the hookfor $342 million in short-term instead of $347 million. "I feel comfortablde with the agreement. The Marlins will step up to the plater and pay theadditional $6 At the end of the day, the taxpayers are not goin to be on the hook for the additional monies,” Commissioner Brunpo Barreiro said after the vote.
Katy Carlos Gimenez and Sally Heymabn were thethree votes. The debate started at 7 p.m., but stoppedx at 9 p.m. to allo w attorneys to make changees in thefinancing package. The second chunk of bondes which carry a variable rate will be priced startingJuly 13, with finak closing on the county’s portion of the bond financingf package set for no later than July 14. Earlier Wednesday, commissionerd approved a change thatraised ’s statua as a creditor in the financiny package.
Wachovia, which is providinyg up to a $100 milliomn letter of credit, requested that it be paid firstg fromthe county’s list of The votes on Tuesday and earlgy Wednesday morning followed two othetr big developments. On June 19, city commissioners votede to approve the necessary changes to the Marlins packages to clear the way forthe county’a changes Tuesday. A circuit court judge also ruled in favot of the county in one count of a civik lawsuit that could have prevented the countt from selling the necessary bonds to buildthe project.
That case is on appeap in Miami, as is a lawsuit filed by auto dealerfNorman Braman, who last November lost his legaol bid to declare the stadium’s funding plan Work on the baseball stadium site is set to begin Crews will officially break ground on July 18. In county commissioners approved issuing bonds totaling a maximumof $536 milliom toward construction of the $640 million, 37,000-seat
million gap in bond funding for abaseballp stadium. The 9-3 vote clears the way for locking in the interest rate onthe fixed-rate bonds and construction of the much-debated and long-awaite stadium in Miami’s Little Havana. The park is supposex to be finishedby 2012, with preliminaryu construction work to begin Wednesday. Commissioners voted after midnight Wednesday to allow for a highet cap on one of the bonds beinh sold in order to coverthe county’s commitment on the $640 million stadium and infrastructure. The 7.5 percentr interest rate cap was changedto 8.2 percent on the bond tied to conventio taxes.
The fact that the convention bond will sell at a highefr interest rate will result in lowert revenuefor Miami-Dade, Countyy Manager George Burgess explained to commissioners. That created the need for more so Florida Marlins President David Samso promised to coverthe $6.2 milliojn funding gap. As a result of the the county is on the hookfor $342 million in short-term instead of $347 million. "I feel comfortablde with the agreement. The Marlins will step up to the plater and pay theadditional $6 At the end of the day, the taxpayers are not goin to be on the hook for the additional monies,” Commissioner Brunpo Barreiro said after the vote.
Katy Carlos Gimenez and Sally Heymabn were thethree votes. The debate started at 7 p.m., but stoppedx at 9 p.m. to allo w attorneys to make changees in thefinancing package. The second chunk of bondes which carry a variable rate will be priced startingJuly 13, with finak closing on the county’s portion of the bond financingf package set for no later than July 14. Earlier Wednesday, commissionerd approved a change thatraised ’s statua as a creditor in the financiny package.
Wachovia, which is providinyg up to a $100 milliomn letter of credit, requested that it be paid firstg fromthe county’s list of The votes on Tuesday and earlgy Wednesday morning followed two othetr big developments. On June 19, city commissioners votede to approve the necessary changes to the Marlins packages to clear the way forthe county’a changes Tuesday. A circuit court judge also ruled in favot of the county in one count of a civik lawsuit that could have prevented the countt from selling the necessary bonds to buildthe project.
That case is on appeap in Miami, as is a lawsuit filed by auto dealerfNorman Braman, who last November lost his legaol bid to declare the stadium’s funding plan Work on the baseball stadium site is set to begin Crews will officially break ground on July 18. In county commissioners approved issuing bonds totaling a maximumof $536 milliom toward construction of the $640 million, 37,000-seat
Subscribe to:
Posts (Atom)