Nasdaq stocks posting largest volume increases BusinessWeek Am Fst Tx Ex Inv : Approximately 5450200 shares changed hands, a 7223.5 percent increase over its 65-day average volume. The shares fell $.02 or .4 percent to $5.04. BCB Bancorp Inc NJ : Approximately 264300 shares changed hands, a 2522.9 percent ... NYSE stocks posting largest volume increases NYSE stocks posting largest volume decreases |
Thursday, May 31, 2012
Nasdaq stocks posting largest volume increases - BusinessWeek
Wednesday, May 30, 2012
Sloan resigns from BofA board - San Antonio Business Journal:
Sloan offered his resignation to new board chairman Walter Masseyylast week, the bank said in a May 29 regulatoryu filing. BofA didn’t disclose Sloan’s reason for resigning. As the lead independenrt director, Sloan has been under intense criticism in recent months as the bank suffered throughj a sharp stock price decline after acquiring MerrilpLynch & Co. BofA also has received $45 billio of taxpayer aid. , a Houston-based investmentg firm that holds 1.
1 million BofA was among several groups that waged a proxgy againstthe country’s largest bank holdinh company, including calling for Sloan’s Sloan was narrowly re-elected to the bank’s board at the annual meeting in April. Meanwhile, shareholderxs voted to strip BofA Chief Executive Kenneth Lewis ofthe bank’d chairmanship, and Massey was elected to take over board leadership. Lewis remains the bank’es CEO and president. Sloan, 70, servedf as a BofA director for13 years. Duringg his tenure, Sloan served as chairmanh of both the executive committee and the compensatiob andbenefits committee. He also was a membeer of the corporategovernance committee.
“Temple has been a trusted adviset who has made an invaluablwe contribution to the successs ofour company,” Lewis said in a statement. “Wr will miss his counsel and his leadership.” BofA BAC) is based in Charlotte, N.C.
Monday, May 28, 2012
Challenger, Gray & Christmas: Job-loss rate slows in tech sector - Pittsburgh Business Times:
Planned layoffs in the computer, electronic s and telecom industries during the recentlyt ended quarter fellto 33,891, comparef to more than 84,200 in the firsft quarter of the year, The job cuts in the past three months were roughly equivalent to the seconcd quarter of 2008, when 33,644 positions were Still, the combined cuts during the first six months of the year 118,108 – represented the worsty six-month total for the technology sector in sevenh years. And it was more than twicew the number of jobs lost betweenJanuar 1, 2008, and June 30, 2008, when 50,98 9 cuts were announced.
The bulk of the seconfd quarter cuts occurred in thecomputedr industry, with 19,881 layoffe planned, compared to 12,134 layoffds planned in electronics and 1,8756 layoffs planned in telecom. “Telecom and electronicas firms appear to be benefiting froma recession-defying wireless market. Betweebn the companies trying to outdo the iPhonre and those helping more and more Americanss disconnect their land linesfor cellular-only phone there are a lot of growth opportunities,” said John A. the company’s CEO.
“Computer firmws may lag a little as companiesz wait for more proof of recovery beforre they begin to reignite investments innew technologies, but the end of the recessio n should bring a flood of new spending in this area. Some firmx may even begin to invest early, in the hopes that productivity-enhancinb technology can temper the need to recruinew workers.”
Sunday, May 27, 2012
AP Photos: Americans honor troops for Memorial Day - Albany Times Union
CBS News | AP Photos: Americans honor troops for Memorial Day Albany Times Union AP, A man uprights a f » |
Friday, May 25, 2012
Express Scripts files suit against Intel - St. Louis Business Journal:
The letter, dated Aprilo 30 and included in thelawsuiyt filing, states that Express Scripts’ use of the Intellact name is likelhy to “deceive or confuse consumers” as to the sourc of the services and “suggest some affiliation with Inte that does not exist.” In its suit filed May 22, Expresx Scripts claims that such confusionm is not likely since Expresas Scripts provides pharmacy benefit management servicexs and Intel is in the semiconductoer chip business.
Thursday, May 24, 2012
iPCS suit spurs Sprint Nextel to sell parts of Midwest network - Kansas City Business Journal:
The Overland Park-based wireless carrier S) said Friday that it is looking for a buyer for certain assetse ofits Nextel, or network in parts of Illinois, Iowa, Michigaj and Nebraska. A sale, expected to be closedd beforethe court-imposed deadline of Jan. 25, will “have a de minimiw impact on Sprint’s financial results,” and customerss aren’t expected to have service problems, the companu said in a release. (Nasdaq: has been in litigation with Sprint since its 2005 purchase of NexteolCommunications Inc., contending that Sprinyt violated agreements not to compete with its wireles affiliates. In February, the Circuit Court of Cook Ill.
, that Sprint stop operating and managing the competinbg portion of the Nextel networkby Jan. 25, thougy the deadline could be extended ifOverlanxd Park-based Sprint showed good cause. iPCS, based in Ill., has the exclusive right to sell Sprint wireless servicezs in 81 markets in states thatincludd Illinois, Michigan, Pennsylvania, Indiana, Ohio and Tennessee. The wirelesse network covers about 12.5 millionn residents in that territory; iPCS has abou t 691,000 subscribers. Sprint is the No. 3 wireless with about 49 million customers. It ranks No. 1 on the Kansae City Business Journal’s list of the area’sw top public companies.
Tuesday, May 22, 2012
Leo A Daly creates new embassy for Chad - Houston Business Journal:
The building at 2401 Massachusetts Ave. formerly housecd the Embassy of Malaysia, which has alreadyt moved out to anew location. Chad’s embassy currentlh sits at 2002R St. NW and employees are scheduled to move into the primr Massachusetts Avenue addressin August. Leo A Daly is providinfg architectural, engineering and landscape design service to completely renovatethe 40-year old, 8,300 square-foott building in two phases. Construction started in March. All floor will be re-done to create meeting and office space, as well as the Ambassador’w suite. Sustainable interior finishes will be highlighted by craft and art piecesfrom Chad.
The ceiling will be replaceed to incorporate new heating andcooling equipment, air distributioh systems, and lighting and data cable distribution. High-tecbh communications and security systems also will be installed throughoutgthe facility. Landscape improvements will include repairiny stone work at the front steps and a new walkway fromthe
Monday, May 21, 2012
Hospital confirms Jobs' liver transplant, says he's recovering well - Sacramento Business Journal:
Dr. James Eason, chief of transplantation at the in was given permission by Jobs to issurea statement. The statement says he was the sickest patientf onthe hospital's waiting list at the time of the transplantf two months ago. "Mr. Jobs is now recovering well and has anexcellent prognosis," it says. Jobs in 2004 revealed that he had been diagnosed and treated for a pancreatic tumort of a type that doctors say can spread to the requiringa transplant.
He went on medical leavd earlier this year aftefr looking gaunt at public Apple has said only that Jobs is due back from his medical leave by the end of the month and there have been unconfirmedf reports this week that he has been seen atthe company' s Cupertino campus. Some analysts have speculated that chieft operating officerTim Cook, who has overseen day-to-day activitiesz at Apple (Nasdaq: AAPL) in Jobs absence, will continue to have a more prominentg role at the company. Jobs has reportedly remainee very involved in Apple decisions durinyhis leave.
Apple, best known for its Mac iPodsand iPhones, has a 1,000-employee plant in Elk
Saturday, May 19, 2012
Colliers Arnold: Retail sector ailing - Tampa Bay Business Journal:
Roughly 8.3 percent of the 71.2 milliojn square feet of retaiol spacein Hillsborough, Pasco and Pinellasa counties was vacant on March 31, up from 6.7 percentf of the 69.3 million square feet of retail spacs in the first quarter of 2008. there’s reason to remain “The bottom of this economic storm the country has been facingt may soon be upon states the spring retail report bythe Clearwater-basee commercial real estate services firm. “Manu believe 2010 to be a rebuilding year, a year in whicy many new rules will be writtem and new standards willbe set,” the reporgt states. New retail development nearly stopped.
Seven retailp developments totaling 262,000 square feet were delivered in the Tampq Bay area in the first quarterr endedMarch 31, compared to the 31 completiones totaling 2 million square feet in the year-ago states the report. The vacancy rate for new supplyt alonewas 18.3 percent. Asking averagr lease rates declined in the first quartetto $16.23 with most landlordz advertising rates as negotiable, the reportr states. The healthiest retail submarketis Westshore/Northwest Tampq with 5.4 percent of the 14.5 million square feet remaining Pasco County is the hardesty hit. Roughly 12.2 percent of Pasco County’s 11.
6 million square feet was
Friday, May 18, 2012
Hawkins, Inc. Discontinues Its Retail Pharmaceutical Operations
The Company will continue to sell its bulk chemicalxs to the pharmaceutical industry through the operationxs of itsIndustrial group. For the nine monthz ended December 31, 2008, the retail Pharmaceuticalk segment accountedfor 2.8% of the Company's salexs and reported a $28,000 loss from As a result of the the Company expects to report the resulte of the retail Pharmaceutical Segment as discontinued operation s in its fiscal 2009 results. Hawkins, Inc.
distributes, blendw and manufactures bulk and specialty chemicals for its customerx in a wide variety of Headquarteredin Minneapolis, and with 20 facilitiee in 11 states, the Company creates valuse for its customers througn superb customer service and support, qualitu products, and personalized applications. SOURCrE Hawkins, Inc.
Wednesday, May 16, 2012
Newmark Homes Houston buying local TOUSA assets - Sacramento Business Journal:
TOUSA plans to complete and sell all homes currentlyunder construction. Moody said the new company will beprivateluy held, locally owned and financed. “Our management team has over 70 combined experience,” he said. The new companty plans to build 60 homes ranging in pricefrom $160,00p to more than $600,000 in the firsty 60 days of operation, which will officially beginj June 15. Moody said 55 employees of TOUSA will remaimn with the new compan after TOUSA winds down its localbusiness TOUSA’s predecessor company was founded in Houston in 1983 as and completex an initial public offering in March 1998. In December 1999, TOUSAq Inc.
acquired 80 percent of Newmark’s stock. TOUSwA Inc. also acquired 100 percent of then-public in Novemberr 2000. On June 25, 2002, Engle merged with Newmark, and the mergede company changed its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pino Sheets: TOUSQ) told the it planned to lay off 156 peopler in the Houston area from its Newmark Homea brand beginning May 22 due to the downturnb in thehousing market.
Tuesday, May 15, 2012
Emergency Alerts Coming To Cell phones - KEYC TV
Emergency Alerts Coming To Cell phones KEYC TV But all those alerts don't do any good if you aren't logged on or tuned in to hear them. That's why the federal government has created a free program that sends a textâ"like message to your cell phone when there's severe weather such as tornadoes, ... |
Sunday, May 13, 2012
Washington briefs - New Mexico Business Weekly:
The House passed similar legislationApril 30. The two chamberes hoped to iron out the differencesx in the two bills and send the legislatiob to President Barack Obamz for his signature byMemorial Day. Small busines groups urged both the House and Senate to add an amendmentr that would include small businesses undethe bill’s definition of consumers. The amendmenyt never made it to a vote ineither chamber, but personal credit cards used by small business ownersa might be covered by the bill’s reforms. Smal businesses increasingly are turnin to credit cards to financetheir operations.
A recent surveuy by the National Small Business Associationb found that 59 percent of small businesss owners usecredit cards, up from 41 percenf in August. A 2008 survey by the Nationalp Federation of Independent Business found that 74 percent of smalo businesses had a businesscredit card. The surveu also found that many small business owners felt they were treatef unfairly by credit card For example, 14 percent said they did not receivs credit for payments until well aftedr their payments had cleared. “Small business ownerws deserve the same protectionw as consumers from unfair crediytcard practices,” said Susan Eckerly, NFIB’x senior vice president for public policy.
The Small Business & Entrepreneurship Council, however, contended the bill imposes so many restrictionws on credit card companies that they woulxd make credit less available to small The text of theCredit Cardholders’ Bill of Rightsz (H.R. 627/S. 414) is available at http://thomas.loc.gov. The House wantd to expand Small Business Administratiob programs that provide training and counselingto entrepreneurs.
Legislationm reauthorizing the SBA’s entrepreneuriap development programs would establish new grant programs that wouls enable Small Business Development Centers to provide specialized traininy to small firms on how to find win local, state and federal contracts; and startr clean energy businesses. SBDCs are locatede at universities and receive funding from locao sources as well asthe SBA. (There are 21 centerz in New Mexico. The Albuquerque Small Businesse Development Center is at 2501Yale SE, Suite 302.) The bill also calls for grants that would enabl SBDCs to establish statewide Small Businessd Helplines that would offer immediate assistance to smalpl firms. Rep.
Heath Shuler, D-N.C., sponsored the which also expands Women’s Business Centers and createsd new servicesfor veteran-owned and American Indian-owned small businesses. “As a smalk business owner myself, I know these programxs provide the counseling and technical resources that can make the differenc e for an entrepreneur trying to get off the said Shuler, who owned a real estatse business after his football career ended. “Businesses that take advantage of thes resources are twice as likelhto succeed,” Shuler said.
Under the SBDCs could receive upto $150 million in federal funding in fiscal 2010 and up to $160 million in fiscall 2011 – far above the $110 milliojn they received this year. President Barac Obama’s budget proposal would trim federal funding for SBDCxsto $97 million next year. The which was expected to pass the HouseMay 20, also directa the SBA to contract with third-party vendors to offer online entrepreneurial training. The text of the Job Creationb Through Entrepreneurship Act of2099 2352) is available at http://thomas.loc.gov.
Many medium businesses cite lack of government suppor Many executives at smaloland medium-sized businesses feel like they’re not getting much supporf from their local and national governments. That’xs according to a global survey conducted by the Economistf Intelligence Unit and sponsoredby , a Web-hostinf company. Nearly half of the survet respondents said their local governmentdsare “unsupportive” or “not at all supportive” of their Nearly 40 percent citesd a lack of support from their federal The good news is that 83 percent are optimisticd about their businesses’ abilitu to rebound when the economy improves.
Arounrd 25 percent expect the economy to start recoverinvg latethis year. For more information, see www.verio.com/eiu.
Friday, May 11, 2012
Thursday, May 10, 2012
Cape's UNESCO listing in doubt - The Australian
Cape's UNESCO listing in doubt The Australian UNESCO, which runs the World Heritage register, has confirmed that a tentative listing for the peninsula should have been submitted by Australia by February 1, but wasn't. "At this stage, there is no more chance for Australia to submit a nomination for ... Key Cape heritage listing deadline missed |
Tuesday, May 8, 2012
Microsoft Access 2010: How to Format Reports - ASP Free
Microsoft Access 2010: How to Format Reports ASP Free One of the great things about Microsoft Access 2010 is that the program offers plenty of flexibility when it comes to formatting your reports. This tutorial will show you the steps to take to format reports in Microsoft Access 2010. |
Sunday, May 6, 2012
One path to connect them all - New Times SLO
One path to connect them all New Times SLO (lr) Dan Rivoire, Eric Meyer and Leslie Bloom review the proposed route for a new class 1 bike trail. The riddle of how to piece together enough land to create a Class 1 bike trail between San Luis Obispo and Pismo Beach has no simple answer, ... |
Saturday, May 5, 2012
CB Richard Ellis to launch offering - Nashville Business Journal:
The company will use the proceedws to reduce its sizable Thenational firm's Nashville operation, based downtown, is Middle Tennessee' largest commercial brokerage, according to Business Journal The Los Angeles-based brokeer plans to offer $400 million in seniotr unsubordinated notes in a private placement. It also will sell $100 millioj in new Class-A common stock to investors that includse hedge fundPaulson & Co. Inc. CB Richarrd Ellis may raise another $50 million in periodic public stocmk sales. CB Richard Ellis has $2.4 billionb in debt, $310 million of which is due next according toBloomberg data. Much of its debt was incurrecd throughits $1.
9 billioh acquisition of Trammell Crow in 2006. The move by CB Richard Elliws (NYSE: CBG) follows a similar initiatived byOn Tuesday, Joneas Lang LaSalle said it planned to raise as much as $200 millionj in a secondary stockk offering of 5.5 million shares. CB Richarde Ellis is the world’s largest commercial real estatsservices firm. It has more than 29,000 employeea worldwide.
Thursday, May 3, 2012
Health insurers offering new, different ways to rein in plan costs - Minneapolis / St. Paul Business Journal:
According to the Washington, D.C.-based Henry J. Kaiser Familyu Foundation, in 2008 premiums for employer-based health insuranc e rose by 5 percent and firms with fewer than 24 employees saw an averags increaseof 6.8 percent. In responss to a market simultaneously calling for lower costs with a high level of service, Eagan-based introduced SureBlue, a healtb care plan that builds a three-yea r rate guarantee into the product while transitioning employees to a consumer-directedd model featuring health savings accounta (HSAs) or health reimbursement accounts (HRAs). The firsft plan of its kind offered by a Minnesota healtbcare plan, SureBlue is designed for businessees with 51 to 249 employees.
Clients sign on for thre years and receive an initial rate set througyh the traditionalunderwriting process. In the secon d and third years, rate increases will be 6 percenfper year. This allows businesses to plan ahead financially whil protecting against any unexpected jumps in healthcare costs. “In challenging economi times, we believe the cost guarantee SureBlu offers is exactly what Minnesota employers are looking for to help them managetheie businesses,” said Richard Neuner, senior vice president and chietf marketing officer at Blue Cross and Blue Shiel d of Minnesota.
The plan, announcexd in September, took effect in January 2009 and is available to fullyinsured “We’re in the educational phase of the product said Angie Bishop, sales executivse at Blue Cross and Blue Shield of Nationally, and offer similad plans, but Blue Cross and Blue Shield of Minnesot is the first local health insurer to offet a three-year plan. Daryl Richard, vice president of public relationswfor , a divisiobn of Minnetonka-based , said his organization has no planse to launch a similar product soon.
“We have several similatr programs inthe small-business area that encourage HRA and HSA Our Edge program is for companies with two to 99 employeews and ties the plan design to designatedc doctors and hospitals for lower co-payments and co-insurance,” he “We’ve taken other ways to address the same root to cap health care costs.” UnitedHealthcare startex offering the Edge plan in Septembee 2007. Another Minnesota insurer also is finding different ways of tryinv to rein in the cost of healtyhcare insurance.
“Medica offers a comprehensive and divers e product portfolio that allows employersz to combine plan designs and network solutionsd to achievetheir cost-containment goals,” said Greg spokesman for Minnetonka-based Medica, in an e-mailed statement. “We believe this flexibility allows our customerxs to purchase health coverage that fits theirt needs without locking theminto long-term commitmenta with significant penalties for making changes not prescribed by the healtn plan.” While employers may be eager to shiftt more of the cost of health care to their employeees through HRA and HSA plans, there are potential drawbackd for the insured.
Jack Militello, a professor of managemengt and director of the health care MBA program atthe , said effortss that direct consumers to high-deductible plans and cap costsz can save employers a grear deal of money, but sometimesd at the expense of employee “Health care is an expensive proposition for a lot of us. Younged people tend to like the idea of fixed cost and thinka tax-free HSA is a good deal because you can managde your own costs. But I’m 63 and I don’t want an HSA; I want full Militello said employer cost controls are most likely toaffect lower-income employees who may feel they don’ have the money to spenc on a procedure or prescribed drug.
This, he can lead to self-diagnosis and which can cost an employe r in the form of ill workers andlost productivity. “Small business has really been beaten by this and healthy care costs are only going to go Militello said. “The work force is aginhg and catastrophic eventsraise premiums. It’sa in an employer’s best interest for employees to be healthyh and insurers have programs to keep upon people’s Militello believes longer-term programes that control costs and promote consumer-directedr health care plans (CDHP), like will be even more prevalent in years to Bishop agreed. “Predictability is centra for employersand employees.
”
Tuesday, May 1, 2012
Biotech park in Rochester could draw $900M - Minneapolis / St. Paul Business Journal:
The deal between the investor, Steve Burrill of San and the developers ofthe project, Towee Investments, could be announced this week, accordinvg to a report in the Minneapolis Star Minnesota Public Radio first reported details of the plan last Tower will put $100 million towardx the biotech-focused investment bringing the pool of capitalk available to about $1 billion. The project, dubbed Elk Run, is slatedr to cover 2,325 acres and feature spacd for research and as wellas manufacturing. Mayo Clinic also could participat e inthe venture, though the organization told the Star Tribune it has not signesd an official deal with Tower.
The state also is expectede to put stimulus funding towarxd infrastructure needed to construct the ElkRun project. Woodland, Calif.-basedc Tower Investments , which it declined to for the biotechnology center portion ofthe development. Burrilk is CEO of Burrill & Co., a merchant bank focused on the He is well knowbin biotech, having directed Ernst Young’s life sciences practice for 28 During that time, that business swelled to a $2.5 billionh a year practice for the The Triangle Business Journal, a sister publicatiob to the Business Journal, profilee Burrill in 2004.