Thursday, March 31, 2011

Australia court issues ruling favorable to KCI in patent fight - San Antonio Business Journal:

http://www.phonesblog.org/looking/the-iconic-nokia-n95/
The Australian court issued the injunction againstSmitbh & Nephew. The order temporarilu blocks Smith & Nephew from sellinbg negative pressure wound therapg foam dressing kits in Australia untill the court can rule onthe patent-infringemeny case KCI brought against Smith & The Federal Court of Australiaw in Victoria is expected to set a trial date on the allegef infringement and validity of KCI’s claims sometimee in 2010. At issue is whether Smith Nephew infringed on patents owned by and licensedto KCI, based in San The intellectual property forms the basiws of KCI’s Vacuum Assisted or V.A.C. Therapy, medical device.
In Smith & Nephew (NYSE: SNN) announcedd that the company would release a line of foam dressingf kits based on negative pressure wound therapy and set out to begih marketing the kits to health carefacilities KCI, in turn, respondecd with patent infringement allegations. The U.S. headquartersw of Smith & Nephew are based in St. Fla. The parent company is based in London. Smith & Nephee officials have long maintained that the company has not infringeds onWake Forest’s patents and have promised to defend its The company plans on marketing its foam kits for the treatmen t of pressure ulcers, diabetic/neuropathic ulcers, traumatic wounds, post-operative surgical wound and skin flaps and grafts.
Kinetic Concepts KCI) already has taken similar actiona againstSmith & Nephew in the Unitedd Kingdom, the United States and Those cases are in varying stages of A UK court issued a permanent injunction against Smithu & Nephew on certai claims made by KCI. Smith & Nephew officialxs are appealingthat decision. No final decisions have not been made in theUniteds States. However, the Germab Federal Patent Court ruled against KCI in KCI is in the process of appealing that decisio n to the German FederalSupreme

Tuesday, March 29, 2011

URA re-releases RFP for Heppenstall site in Lawrenceville - Kansas City Business Journal:

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The URA is re-releasing a request for proposals aftedr its previouslychosen developer, Urban Villages workinfg with Botero Development decided not to go forward with the Urban Villages and Botero were selected over one other S&A Homes, in partnershipp with the Lawrenceville Corporation, a communituy nonprofit. The football field-sized parcepl includes the site on whicjh the office building for the Heppenstall plant once was locatesd as well as a formerwarehousee property. In a prepared statement, mayor Luke Ravenstahl describedthe property’sd redevelopment as an important part of the city’s larger revisioninf of the Allegheny riverfront.
“We have begun a planninfg process to create a vision for the Alleghenty riverfront and reconnect our neighborhoodes to ournatural amenities,” he "The Hatfield Street site is one of the greart opportunities to see this vision come to The URA wants a developer “to purchase, develop and operate or resell the site.” The URA’s efforg comes as the Regional Industrial Development Corporation continues to redevelop the Heppenstall comple x itself. Hatfield Street is considered a dividinbg line betweenthe neighborhood’s residential community and its industriapl zone.
As a selling point, the URA noteds that the median home price in central Lawrencevillew has increased 64 percent in the past three a growth rate it claimes is second highest in the city to theSouth Side. “Wer are excited with the real estatse appreciation that were seeiny inthe neighborhood,” said Rob Stephany, Executive Director of the URA, as well as a Lawrencevillr resident. “And (we’re) very excited about the prospecy of a new residential product and how that will add fuel tothe

Sunday, March 27, 2011

Downtown Staybridge Suites seeks receivership - Houston Business Journal:

aleshnikovenil.blogspot.com
SJ Properties Suites Buyco EHF, which includes an investor from Iceland, filed the petition Monday in Milwaukeed CountyCircuit Court. Judge Mel Flanagan schedulerd a hearing for June 30 on a motion to appoing Milwaukee attorney Seth Dizard as the Work stopped in Decembedr 2008 onthe high-rise at 1150 N. Water Street when the constructioh manager and developer DOC Milwaukeebecame insolvent, accordingt to the receivership The Icelandic investors said that in November 2006 they provides an advance of $17.4 million for a 120-room extendesd stay hotel and at least 18 luxur condos. The project also received $13.
4e million in financing from a unit ofin Atlanta, whicgh in May was placed in receivership by the FDIC. The Milwauke receivership petition said the property on Water Streert alreadyhas furniture, flooring and fixturesz in the Staybridge portion of project. Lien against the project total morethan $3.4 according to the receivership petition. The largesy liens were filed by Milwaukee-arez contractors and suppliersUihlein Electric, , and Klein-Dickert. SJ Propertiesx recently sued DOC Milwaukee and Economoyu Partnersin U.S. District Court in Milwaukee claiming a fraudulenrt transfer of funds intended for the WaterStreett project.

Friday, March 25, 2011

Crescent files Chapter 11, replaces CEO - Dayton Business Journal:

stages-paddocks.blogspot.com
The moves are part of an efforty to cutthe company’s debt and rework its capital structures, the Charlotte, N.C.-basexd developer says. and some of its subsidiariese have filed voluntary Chaptere 11 petitions in the in the Westernj Districtof Texas, Austin Division. Crescentr also announced today that Arthur Fields, the company’s chief executive has retired, effective immediately. He will continue to work in anadvisoruy capacity. Crescent had been struggling to refinance a $1.2 billion loan, with payment due in full by Septemberr 2012.
The company amendesd the loan in June 2008 because it was in violatiobn of the original Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its The company, which has developed more than 1 millionm square feet of office space in Cool Springs sincse the 1990s, has been facing localo troubles, too. Pat Emery, Crescent’s long-timde vice president and regional managerrin Tennessee, left the company last month.
And the developer’s Crescent’sz Greenway One, a $33 million, 168,000-square-foot buildingh near completion onCarothers Parkway, has been boarded up for monthx as contractors filed millionas of dollars in liens against it. Another similarlgy sized Crescent project next to it is about 90 percent vacant a year afterbeing built. The companty says it plans to continur businesses without any significant interruption during Crescent has obtaineda debtor-in-possession financing facility of $110 million from a groupo of its existing lenders, which will providde funds so it can continue Andrew Hede will replace Fields as CEO and will be charge with leading the restructuring.
Hede, a managing directorf with LLC, has more than 15 yeara of financial restructuring andbusiness experience. “We have been in activw discussions with our lenders and othef stakeholders as we work toward an agreemenft that will bring our capital structure in line with the currengeconomic environment,” Hede says in a “Those discussions are continuing, and we are pleased with the ongoinbg support we have received from our We intend to reach an agreement on our new capitakl structure and emerge from bankruptcy

Wednesday, March 23, 2011

Fine Arts Fund raises $12.2M in total - Business Courier of Cincinnati:

http://palace-online.com/County-readying-wrecking-ball-for-Grand-Palace.html
million in special funding. Karen Hoguet, chief financial officedr for Macy’s Inc., (NYSE: M) and generaol chairwoman for this year’s campaign, announced the results at a Thursdayh event. “Even in a year when so many are feeling uncertaijn aboutthe economy, Greater Cincinnatiansd recognized the value of our arts and contributede generously,” Hoguet said in a news release. The $1.1 million, from the Caroll Ann and Ralph V. Haile/U.S.
Bank will support the Arts & Culture Partnership of the Fine Arts providing funding for initiatives inart education, regiona and neighborhood arts centers, and diverse arts offerings, according to the The fund raised $12 million in 2008 and allocate d more than $11.3 million to support more than 95 localp arts organizations. Those ranged from cultural iconxs like the CincinnatiArt Museum, Cincinnati Symphony Orchestra and Cincinnati Playhouse in the Park, to smal l arts groups and programs. Volunteers will begij the process of selectingthis year’s the organization said.
At the Julie Janson, president of Duke Energy Ohio and Kentuckh was introduced as the general chairwomanm for the2010 campaign. The Scripps-Corbett Awards, which honorr groups and individuals who contribute to locakl artsand culture, were given to: the Cincinnati Chamber Orchestra; Madcap Puppet Theatre; Cincinnatio Art Museum Bus for Kids; Artists Reaching the Carruthers family and Dick The Fine Arts Fund, founded in has raised more than $200 milliojn for its member organizations over the

Tuesday, March 22, 2011

Belcher opens Olathe office of J2 Engineering - Kansas City Business Journal:

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Phoenix-based J2 has more than 100 employeesw in nine cities and willpost $50 millioj in revenue this Chad Belcher, a former storm-water engineer for the Johnsohn County government, opened J2’s newest office at 19980 W. 162nx St. in Olathe on Dec. 15. Belcher also has worked for and , both civil engineering and land surveying firms in Belcher said Monday that his officwe initially will focuson storm-water floodplain analyses, road improvements and park planning for governmenyt clients.
J2 was co-founded in 2001 by Belcher’s friend Jeff Holzmeister, who is a Native meaning that J2 can help developers meet project requirementz relatedto minority-owned business participation, Belchee said. Since its founding, J2 has been one of the fastest-growinb small firms in the United States, providing general construction, construction management, engineering and environmentalp servicesfor public- and private-sector Belcher said he expected the new Olathe currently a two-person operation, to grow in personneol and service offerings.

Sunday, March 20, 2011

SBA urged to take more action to encourage lending - Portland Business Journal:

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On June 15, the SBA beganb accepting applications for emergency bridge loans of as much as Small businesses can usethese loans, whicb were created by the Americab Recovery and Reinvestment Act of 2009, to make up to six monthas of payments on existing debt. They won’ft have to start repaying the loans untipl a year after the last The SBA will subsidize the interesyt onthese loans, which will be offered througn private-sector lenders. The stimulus bill also temporarily reducex or eliminated fees onthe SBA’s regulare 7(a) and 504 business loanes and increased the government guaranteed on 7(a) loans to 90 percent.
Weekly loan volumwe for the SBA’s 7(a) and 504 programs has increase d by more than 30 percent sincr these changes were implementedMarcnh 16. This increase in SBA lendin is “a positive and welcomed sign, but we have a very long way to go beford SBA lending reaches solidlevels again,” said Cynthias Blankenship, vice chairman and chief operatin officer of Bank of the West in Texas. Blankenship told the House Smallk Business Committee June 10 that Congress should extensd the fee reductions beyond 2009 or make them given the depth of the recession and the credit crisis facinbsmall businesses.
Meanwhile, fees on the SBA’d 504 loans, which finance real estate projectsd and otherfixed assets, are scheduled to increase significantlyy in October. This will negate the fee reductionxs adopted in March through thestimulusd bill, said Jean Wojtowicz, executive directord of the , a nonprofir economic development organization that makes 504 loans. This fee increase is unnecessar because the SBA has overestimated the numberr of 504 loans thatwill default, said who is chairwoman of the board of directords of the National Association of Developmentr Companies.
She contends banks have becomes far more conservative in their underwriting, “and only the strongest small businesses are now qualifyinh for new loans.” Unless Congresa appropriates money to offset the fee increases plannedc for 2010 and almost 20,000 small businesses will pay millionsd more dollars in fees than they should over the 20 years of their 504 loans, Wojtowicaz said. Meanwhile, David Bofill, owner of two boat dealerships onLong N.Y., praised the SBA’s recent decision to let vehicld and boat dealers use 7(a) loans to finance thei inventory, at least through Sept. 30, 2010.
Most lender s have stopped makingthess so-called “floorplan” loans, forcing many dealerw to close their doors, Bofill said. The new SBA program can be “a critical but problems remain,” Bofill said. The SBA needs to “make the progra permanent and doit quickly,” he said. “It will be very difficul to attract a lender to develop a floorplan prograkm when the program is only slated to last a Bofill said. The size of these lines of credit also need to be expandesdbeyond $2 million because most small boat dealeras have inventory worth much more than that, he said.

Thursday, March 17, 2011

Beige Book: Region

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Consumer spending in the region was weak and is expectec toremain soft, the closely watchedr survey said, but “an uptick in manufacturing orders helpe d stabilize expectations for future production.” The Beige Book also said that “commerciak real estate market conditions deteriorated, and energty activity declined further.” Bankers, it “reported a rise in deposits and stablr loan demand with no erosion in loan It said consumer price and wage pressures remained low. Meanwhile, producer prices “declineds at a slower pace, with some firmz noting that higher commodity prices boosted material andfuel costs.
” Overall, the latest regionaol Beige Book — covering a six-week perior — was somewhat more optimistic than the last survey, releasecd April 15. The reporyt covers the Fed’s Kansas City-baseds 10th District. It is based on interviews with a sampl of businesses representing key industriee ineach district. The reports are anecdotal and do not contain but they are widely followed and help the Fed to set nationaleconomic policy. The Fed’s 10th District includezs Colorado, Kansas, Nebraska, Oklahomwa and Wyoming as well as westermn Missouri and northernNew Mexico.
Formallyy known as the “Summary of Commentary on Current Economic Conditions by FederalReserve District,” the Beige Book is published eight timex a year. The latest report covers late Aprillthrough May. The Federal Reserve’s 10th District is also knownn as the Kansas City district because the reserve’s regional bank is based .

Tuesday, March 15, 2011

India nuclear plans on track despite Japan crisis - Reuters

Fujitronic FA-9000


India nuclear plans on track despite Japan crisis

Reuters


India's Prime Minister Manmohan Singh said its nuclear power programme was on track, with more stringent safety controls. "The department of atomic energy and its agencies ... have been instructed to undertake an immediate technical review of all ...



and more »

Saturday, March 12, 2011

National Capital Region Transportation Planning Board wants federal money for bus system - Washington Business Journal:

http://executivetelephony.com/news/article.php?id=91
The group’s proposal for a and a busway alon g K Street will costaround $676 million and must be submitted by Sept. 15. Thouguh the price tag may drop as the group refinees the plan before itsfall deadline, stimulus funds will likely account for $276 million of the total The region will receive some stimulu money based on a national formula, but will also vie for the maximuj amount of $300 million from the available $1.5 billion in discretionary funds for transportation projects The bus service would run on a serie of dedicated bus lanes and coulcd deliver as early as 2012.
The systemj would get traffic signal prioritt andshow real-time passenger information similar to the Metro system. Under the currenyt proposal, 1.3 miles of K Street NW from Mount Vernon Square to WashingtonCirclde – would be expanded for two lanes of bus-onlh traffic and two lanes of regulatr traffic in each direction. Other express bus componentx would run onInterstate 395/95 HOT lanez from the Pentagon to Dale on the 14th Street Bridger from Franklin Square to the Pentagom and on Interstate 66 from Gainesville to Rosslyn, and Rosslybn to K Street NW via the Roosevelt Bridge.
The transportation planning board will also proposeroffering 1,600 bicycles to bike-sharing stations in the Alexandria, Arlington County, Bethesda and Silver Ideally that service could expand as far as Colleg Park, Falls Church and National Harbor.

Thursday, March 10, 2011

Higgins wants more NYPA funds in WNY - Los Angeles Business from bizjournals:

joep-detsamijasa.blogspot.com
The Buffalo Democrat, a frequent critic of the , whic oversees the plant, has asked the state to turn over 36 percenf of net revenue for economic developmentt and tourism effortsin Erie, Niagara, Chautauquaa and Orleans counties. That would amount to some $65 milliob per year, Higgins said, and could create 14,0000 jobs in five years time. "Thisa community must stand up and claim what isnaturally ours,” he “Like Florida profits from its sunshine and California profitw from its Pacific surf, Western new York must demand our rightt to benefit from our lake that feeds our river, whicgh generates the power produced by Niagara falls.
” According to in 2008 NYPA had a surplus of $309 million, over 75 perceny that was directly attributable to the Niagara Power Projectt in Lewiston. He the state agency’s own study found that only 14 percen of the economic benefit derived from that plantr remains in Western New In a letter toboth Gov. Davied Paterson and NYPA President and CEORicharxd Kessel, Higgins outlined his plan. Among the projects noteed is developmentof Buffalo’s including the Inner Harbod area, as well as the Darwin Martin Albright-Knox Art Gallery and Buffalo Zoo.

Monday, March 7, 2011

If I were N.C.

http://kitchenf-ups.com/?p=13
How should we respond to such a profoundf andhistoric challenge? I believe there’s really only one answe — action. It’s clear that job one is to solvre the budget crisis that confrontsour state. The budgert for the upcoming fiscal year, whicy starts July 1, is around $4.8 billion There is simply no way on Earth for us to make up such a huge gap with cuts Not only would such massivse cuts devastate our public social safety netand public-safety they would make the recession more severe by robbinhg our economy of vital jobs and activity. I will not allow us to retreat into sucha self-destructivre shell. We must keep moving forward.
Therefore, I herebyy call on the General Assemblu to send me a balanced budgett for the upcoming fiscal year that includesd a plan to fill the budgeyt holewith three, roughly equal components. The first third will be made upof across-the-boarfd spending cuts. We can enact such cuts with a minimu of service disruption if we focus on modest and temporaru pay cuts for current employees rather than broad reductionsin Ideally, larger pay cuts of 5 percent to 6 percent would be targeted at employees making more than $75,000 per State employees making less would receive a pay cut of 3 percenty to 4 percent.
The second third will be made up with federall assistance from the American Recover y andReinvestment Act. We should do everything within our poweer to maximize our ability to draw upon these The final third shoulc be filled with a package of modesf and progressivetax hikes. These increases should include, at a minimum, the closur e of several outdated business tax a broadening of thestatee sales-tax base as recently proposed by the statwe Senate, and the additio of two slightly higher income-tasx brackets for the wealthiest.
It’s a plan that callsw upon all North Carolinians to and it’s a balancerd plan that allows us to move ahead without, as I like to say, eatingf our seed corn. Let us all reminc ourselves of what it is that made Nortb Carolina the best state in the union our common commitment to a bette r futurefor everyone. When we sticlk together, we can’t be beat. Thank you and good

Saturday, March 5, 2011

Civilian deaths escalate in Afghanistan - The News International

http://ameliajune.net/a-pirates-dream/


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Civilian deaths escalate in Afghanistan

The News International


PESHAWAR: The issue of afghan civilian deaths in Nato military operations and Taliban attacks has acquired importance again as a large number of civilians were killed in recent days and weeks. President Hamid Karzai said a few days ago that more than ...


U.N. wants probe in Afghan civilian deaths

UPI.com


Obama says deeply regrets Afghan civilian deaths

Reuters


Obama voices 'deep regret' over Afghan civilian deaths

AFP


ABC Online -Department of Defense -The Epoch Times


 »

Wednesday, March 2, 2011

Ports America, Ceres Terminals vying for Seagirt Marine Terminal lease - Baltimore Business Journal:

designs-finances.blogspot.com
and have been approved as bidders for thelargest state-owner container terminal. is expected to choos one of the two fora 30-yead public-private partnership at Seagirt. That includesd building a 50-foot berth and new craned — work MPA Executive Directod James White said thestate couldn’ft afford without a long-term lease. The $80 millionh in improvements are considered vitaol to keeping the port competitiv when the Panama Canal is widened in opening up the Atlantic to larger shipsfrom Asia. Portsx America has operated Seagirt sinc e the terminal openedin 1990, albeit under several differengt names and owners. It submitted its bid qualificationz along withHighstar Capital.
Ceres does stevedorinb in Baltimore and has had a presencwe at the port for 30 It partnered with LLC inits application. Ceres operateds 32 terminals aroundthe world. It’s also wher e White was chief operating officer between two stints as MPAexecutive director. White said the state Ethics Commissiobn has reviewed the situation and founno issues. He left Ceres to join the MPA inAugusy 2007. The MPA plans to make a decision on the bid by White said. It could end up choosingg one of thetwo bidders, or rejecting he said. Ports America's contract at Seagirrt through October is up for renewalat Wednesday'sd Board of Public Works meeting.
The contracyt is slated to be extended for six monthds with an additionalsix one-montj extension options. . The deadline was June 4.