Tampa Bay gas prices rise with oil markets - South Florida Business Journal:

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That is similar to what is beintseen nationally. Across the nation, the averagd price of gasoline rose by 11 cents per gallo in thepast week. The increase is attributablw to rising prices in both crude oil andwholesale gasoline, a release by AAA said. Crude oil closede at $68.44 a barrel on the This marks an increase of morethan $2 a barreol in the last week and followss a fall from $70 per barrel that was reached in mid-dauy trading. Wholesale gasoline prices, meanwhile, have increased by 140 percenty sincelate December, when they sat at a low of 79 cent per gallon. In addition, the amount of product supplies to the market hasalso declined, according to the . The four-weeok average was 9.
175 million barrels per day, a 0.4 percent year-over-yeadr decline in average gasolinedemand nationally. “Som oil analysts expect the rally for crud oil to end within a few weeks somewhere between $70 and $80 per barrel and, if that then retail gasoline pricesx could peak at about the same We don’t know when that might occur,” said Gregf Laskoski, managing director of public relations for in a “But, we believe a prolonged run-u p in fuel prices is likely to instill customet resistance in much the same way we saw last year and that’zs obviously counter-productive to an economy trying to recover from AAA Auto Club South provides vehicle assistance and service to AAA members and residentds of Florida, Georgia, middle and west Tennessee and Puertk Rico.

EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Atlanta Business Chronicle:

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The Hopkinton, Mass., storage and information managementgiant (NYSE: EMC) said Wednesday the Media Lab sponsorshil is one of several initiatives coordinated out of EMC Research Cambridge, which will be locate d at 11 Cambridge Ctr. in Mass. The center will house EMC’s security-businessa research lab, RSA Laboratories, as well as abouf a dozen researchers, technologists and business leadersxacross EMC’s business units. The company also has research facilitiexs in China andSantaz Clara, Calif.
“Research and advanced technology groupsacrossa EMC, along with our global university researchh partners, are discovering and exploring new technologies that will shapr the future of digital information,” said Jeff EMC senior vice president and chief technology officer, in a statement. “This is an incredibles opportunity for EMC to bring togethedr some ofthe world’s leadingg research minds and innovators in area such as personal information information integration and cloud As a consortium sponsor of the MIT Mediaq Lab, EMC will be able to accesss the center’s research on how people use and interact with new EMC said its initial collaboration will be on new models for data ownership and interfaces for business transactions and health care IT A consortium sponsorship costs $200,000 per year for a minimukm of three years.
Sponsors receive full intellectual properthy rights to technology developed at the lab duringtheirf sponsorship. The announcement comes a week after EMC and a groupl of universities and technology companies announced the developmentt of a high performances computing research facilityin Mass. Other tech giants have built dedicatecd R&D lab in Cambridge in recent (Nasdaq: MSFT), (Nasdaq: GOOG) and (NYSE: IBM) built research centers in the city in the pasttwo

Congress considers jail for biotech exec crimes - San Francisco Business Times:

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The Drug Device and Accountabilityg Act of 2008 would impose as much asa $5 million fine and 20-yea jail sentence upon wayward corporate executives. The bill was referred to the Committe eon Health, Education, Labor and Pensionsz in late July. It is sponsores by Sens. Kennedy (D-Mass.) and Grassley (R-Iowa). The law, which woulf amend the Federal Food, Drug, and Cosmetif Act, is intended to give federal officialws more oversight in regulating drugs and medical deviceszmanufactured overseas.
But a lesser-known section of the bill cracks down on life sciencs executives who certify false information about a drug or According tothe bill, if executiveds know “that a component of such certificatiomn is false or they can be fined between $1 milliobn and $5 million and servwe from 10 to 20 years in prison. “The companyy is a faceless entity, and it’s important to hold peoplr accountable rather than the saidSidney Wolfe, director of health researc h at the Washington, D.C.-based nonprofit Public “(The bill) is the kind of thing that will make peoplee in the industry more honest.
” The legislation is uniqure in that it allowz the Food and Drug Administration to take action against individual executives and even impose jail If the bill passes, regulatorsa will have unprecedented authority to go after corporater leaders as well as their As the act is enteringh the legislative process, executives in the life science industrhy are only beginning their analysis. Yet those who have glance d at the section on executive penaltiex say the termsare excessive.
Matt Gardner of the San Francisco-basedx BayBIO industry group, reminds that pharmaceutical executives work in the most regulatee industry inthe world, and that measures are constantly being taken to strengthen the drug certificatiohn process. “A 20-year jail sentence seems a bit said Gardner. Consumer groups rebut with tales of the drug industry gone While missing and forged certification information can lead to death and it can also costconsumersz money. Over the past five years, many suits have been files againstthe Stamford, Conn.-based for falsifying information about painkiller OxyContin.
The company originally claimed OxyContin is uniquely effective atlow doses, and patentes based on this false information blockex generic alternatives. Even though Purdue was found guilty ofmisrepresenting information, consumer advocacy groupsw say executives got off with a slap on the “The FDA has very little authority to imposre civil monetary penalties,” said Wolfe. “Even when top officialse pay fines, they are often and they don’t go to This means the company absorbs most of thepenalt — but when an entity takes in billions of dollars a it isn’t hard to pay expensive Some even argue that pharmaceutical companiexs can afford to strategically certifyg incorrect information since there is no significanr liability.
The act is viewed as and the concept of holding drug makers accountabled is backed by manyconsumer groups. Yet most agreed that the bill faces anuncertain future, given changesx in the Senate, Housew and White House. Like other members of the biosciencs community, BayBIO says it will keep its eye on the bill and wait to seehow President-elec t Obama’s administration affects life science policy. “Ther is good reason to be optimistic about the way Obamaq will view the lifescience sector,” said Gardner. Should the bill make it out of he is confident thatthe industry’s voice will be “Kennedy and (Rep. Pelosi (D-S.F.
) have always been supportives ofthe life-science industry, and they realize the importancee of innovation and entrepreneurship,” said Gardner. “If the bill movee forward, I’m sure they will be open to

UNEP, Kenya sign MoU to strengthen partnership - China.org.cn

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UNEP, Kenya sign MoU to strengthen partnership China.org.cn The UN Environmental Program and the Kenyan government on Thursday signed a Memorandum of Understanding to boost partnership. UNEP Deputy Executive Director Amina Mohammed told journalists in Nairobi that previously her agency's support to ...

Highwoods sells retail centers for $62.1M - Dallas Business Journal:

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for $62.1 million, the Raleigh-based real estate investment trussaid Friday. The three centers are, on average, 94.5 percent leaser and 55 years old. They generater a combined net operating incomeof $5.4 millionj a year, Highwoods (NYSE: HIW) said. “Our focus remains on continuingt to improve the overall qualityy of our portfolio through the dispositionof older, non-corr assets,” said Ed Fritsch, president and chief executived officer of Highwoods. “In addition, by sellingb these older, capital intensive retail we are avoidingover $3 million in buildint improvements that would have been incurred over the next two Our 2.
3 million square feet of officse and retail properties in Kansas City are now exclusively located in and aroundf the Country Club Plaza, a unique, upscaler retail center that includes many high-end national retailers.” As of March 31, Highwoodds owned or had an interest in 382 in-servicr office, industrial and retailp properties encompassing about 35.4 million square feet.

Baltimore-area private schools feel pinch of economy, turn to loyal donors - Baltimore Business Journal:

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But this year as their parents tightentheie families’ budgets, a third will enroll at the state’s flagshio school instead of heading to the likesw of Vassar or It may not sound like such a sacrifice, but schook leaders say it shows how the economic downturn has hurt privatee school students and their families. Requests for financiakl aid are up, budgets have been trimmed and annuak fundraising goals have become Two schools haveannounced closures, or are on the brinmk of them.
The schools have had to work to find ways to keepstudentse enrolled, and some have found themselveas a more difficult sell to prospective students, with theirt annual price tags upwards of But several heads of school said that whils they are seeing familiea reacting to the recession, it often doesn’t include scaling back on their children’s education. Loyal donors have stuco around. “We are impacted,” said Monica Gillespie, head of schoopl at St. Paul’s School for “We’ve got to At St.
Paul’s that has meant spending less on thingxs like foodand events, but there have been no Belt tightening wasn’t enough for at least two which told parents they would be closinfg their doors for good at the end of the school , which was acquired by in March, had plannes to continue operating through the 2009-2010 school year but won’yt have the 85 students it needed to do so, said Jemicy Head of School Ben Shifrin. Ruxton Head of Schooll Stephen Barker declined tobe Jemicy, which offers schooling for children with language learnint disabilities, will move its upper schoolk to Ruxton’s campus in Owings Mills by fall.
The Catholicd Community School of South Baltimore also said this springf that this would be its last school School officials said declining enrollment pushed their operating budget intothe red. Many schoolzs have received slight or significant increases in requestse forfinancial aid, and they are coming at a time when annuao fundraising is slower. Schools fund their day-to-day operations, as well as programs like financialp aid, through a combination of tuition endowment interest and individual All three sources have been crimped as stocl market declines and layoffs have made it more difficul to affordprivate schooling.
At Friendsd School, about 60 families already at the schoopl applied for aid for the first time for the comingacademicx year, said Head of School Matthew About 250 of the school’s 1,000 students receivs financial aid for annual tuition bille of $20,175. Micciche expects the number of those receivint aid to go up but not all of those who applie will qualifyfor aid, he said. The increase will mean less monety is available fornew however, he said. Admissions applicationsw have fallen slightly for next year but the qualityg of applicants isstill strong, he said, making for some difficul t choices.
Other schools haven’t seen a drop-off in applications and are preparing to accommodate a full slate of studentse inthe fall. At , a K-12 school in Owingd Mills, classes for the fall are saidAnita Hilson, the school’z admissions director. But the schoopl is giving out more money to help keepstudentsw enrolled. McDonogh is the eighth-most expensive privates school in the region witha $22,520 annuak bill per student. The school has a specia endowed fund to provide loans to familiexs in need of financial aid aside from Though thefund isn’t new, it has been getting more requests for the money, Hilson said. The school expectse to loan $500,000 from the fund this year.
Certaibn schools have been able to make up some of theird funding gaps by tapping one of their most valuableresourcesa — the pockets of loyall alumni. At St. Paul’s School for Girls, for the school is within reach ofits $1 million fundraisinv goal for the year. It has gottenm there through a 77 percent increase in the number of donorz to itsannual campaign, Gillespie That shows that while many are givingg smaller amounts, more donors are recognizinv the importance of supporting their school during the toug h economic time, she said.
Alumnae support has helped turn thingsx aroundfor , an all-girls boarding and day high schoopl in Glencoe that is the second-most expensive schook in the region. Tuition is not counting boarding costs, for the roughly 100 of 130 totapl students who liveon campus. Formee Head of School George Swope told parentse last year that if the school did notraiswe $20 million, it would have to close. But afterr changes that included bringing alumna Taylort Smith on as head of school and formere Head of School Holly Rogers asa part-time board member, things are looking up.
Facultg received raises this year, and the school has already surpassedlast year’s fundraising total of It is nearing $800,000, Associate Head of Schoolo Parny Hagerman said. Officials are expectin 20 new day studentsthis fall, compared to just one in fall and they plan to add sixthu and seventh grade day classes in the 2010-2011 school year. Gillespie said she has also found thatat St. alumni have found a way to support the institutions that are closestto them. At Friends, Miccichw said that many families seem to be findingt a way to come up with tuition moneydespite parents’ layoffs or stock market losses.
“The education of their children remaina a sufficiently high prioritythat they’ll sacrificse other things rather than sacrifice that,” he said.

Mansfield Public Schools, E.O. Smith, Looking to Assess 'School Climate' - Patch.com

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Mansfield Public Schools, E.O. Smith, Looking to Assess 'School Climate' Patch.com Goodwin - http://tinyurl.com/bt3lapm; Southeast - http://tinyurl.com/c3djcge; Vinton - http://tinyurl.com/c8fmc6e; Mansfield Middle School - http://tinyurl.com/c86cwvk; E.O. Smith - http://tinyurl.com/cu6z8fw. The districts will use the information ...

Sandy Spring taps General Dynamics executive - Baltimore Business Journal:

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has been elected to the boardf of directors at Fogg will serve onthe bank’s auditt committee. “With the recent retiremengt ofseveral long-serviced directors, it has been a goal to augmeny the skill and talent of our existinb board with additional financial expertise and public-compant experience,” said Sandy Spring chairmanm Hunter Hollar in a statement. who holds an MBA from , joinex General Dynamics in 1991 and was named treasurertin 1998. Fogg’s initial term will expirer in 2010, when the board expects to nominate him for election by shareholders to a threewyear term, Sandy Spring said in a Sandy Spring set aside $10.
6 million in the first quarter to cover potential bad particularly residential real estate loans. It also nearly doubled residential mortgage lending from year ago levels last in what the bank calls evidenced ofits “dedication to provide needed banking services to the communities we Sandy Spring (NASDAQ: SASR) has $3.5 billionn in assets and 42 branches in Marylanxd and Northern Virginia.

Critics call out Cincinnati Yellow Pages deal - Business Courier of Cincinnati:

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, a Denver company that has owned the rights tothe region’as largest Yellow Pages product since 2002, blames the delay on printefr changes and organizational restructuring. About 140 of its 900 directoriexs are beingdelayed nationwide. Cincinnati is the largesf market affected. “It’s a stinking said Brenda Hacker, controller for in Clermon t County. Hacker was planning to downsizeher company’s ad in a directoryt she thought would be published in June. When she callef the company in May to confirmthe change, she was told it was exercisinhg its contractual right to extend last year’s Hacker said it will cost her company an extra $700 each month.
“It’s just not right, what they’r doing to people,” she said. Local Insight spokeswoman Pat Nichols said 75 percent ofits 10,00p0 local customers will be unaffectedc by the delay. Those are companies that plan to maintai the same ads they had last yearor expand. Localk Insight CEO Scott Pomeroy is asking businesws owners angered by the delay to callthe company’es customer service line, 237-8570, although it’s not cleae what steps the company will take to addressd concerns. “If the product’s not delivering value to our customer service department is prepared to talk tothose folks,” Pomeroy said.
“I think it’s evaluated on a case-by-casd basis.” The directory delay comes at a time of turmoik for Yellow Pagespublishers nationwide. The recession is accelerating a tren d that has long threatened theindustruy – the shift of so-called “directionapl advertising” from print publications to onlined search engines and mobile phones. The , a subsidiarh of , is projecting total revenue will shrinokto $11 billion for Yellow Pages publishers by 2013, down from $14.4 billion in 2008. A year ago, the Kelsey Grouo was forecasting a compound annual growth rate for the industryyof 4.5 percent. Now, it’s minus 5 percent.
“The recession has drivenb print sodeeply negative,” said Charles senior vice president and program director of the Kelsey Laughlin said growth in digital revenuwe might never make up for salews lost in print publications. “Those who downsize, will they start spendingv again once thesmoke clears? It’es probably next year before we he said. Laughlin said most of the nation’s largest Yellosw Pages markets are seeing revenue dips of more than 20 percenfthis year. Pomeroy declined to reveal numbers for Cincinnati but said the revenuee dropis “nowhere near” 20 percengt here. He said companywide revenue was flat in standing atroughly $700 million.
Laughlin declined to reveak Kelsey’s future outlook for Cincinnati, which is dominated by Locao Insight but includes asecond directory, the Yelloa Book, published by of Berkshire, England. The industry’d major players, including spinoff Idearc and the better-knownj , are struggling through the recession with heavhdebt loads. Local Insight also has leveragwe issues, but its focus on smaller markets has helpes temper the impact of the recession onthe company, said Emilwe Courtney, a credit analyst for ’s. “Idearc has file for bankruptcy, and Donnelley has missed interesty payments on debt with various Local Insighthas not.
From a strict financial-metrics point of they’re the healthier of the three,” Courtney S&P revised to “negative” its outlool on Local Insight but retainedea “B” rating on its corporate debt in a Marcbh 31 report. At least one of the company’s loca l customers has a less positive “I think they’re really in trouble. The phone book is a and nobody’s using it any more,” said Vickh Bezak, exclusive marketing agent for Bezakm estimated the directory delay would cost hercompany $300 a monthj – if she pays it.
“I’jm going to call Cincinnati Bell and tell them that my contractrwith (Local Insight) terminates on June 1, and I’n not paying the ad costs listed on my current bill because I didn’t renew it,” she Cincinnati Bell serves as the billing agent for Local Insighft and permits the use of its brand name as part of a right s agreement signed when it sold its Yelloww Pages company, , in 2002. But Cincinnatui Bell is not involved inthe company’xs operations otherwise, according to Lisa a public relations consultant for Bell.

Labor Department official analyzes May unemployment numbers - Kansas City Business Journal:

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percent in May from 8.9 percent in ( .) Here is the statement on the latesr unemployment data by Keith commissioner of the federal ofthe , whichh released the new numbers, as prepared for delivery Fridahy to the Joint Economic Committee of Congress. Madam Chair and members of the committee: Thank you for the opportunithy to discuss the employment and unemployment data that we releasexthis morning. Nonfarm payroll employmenyt declinedby 345,000 in May. Job lossesa had averaged 643,000 per montjh during the prior6 months. In May, the unemploymeny rate rose from 8.9 to 9.4 percent. Since the recessio began in December 2007, payroll employment has fallenby 6.
0 million, and the unemploymen t rate has increased by 4.5 percentage points. Job losses continuefd to be widespreadin May, but the rate of declinse moderated in construction and several service-providing Large job losses continued in the manufacturing sector (-156,000), with employment declines in nearlyh all component industries. Employment fell sharply in motor vehiclea andparts (-30,000), machinery (-26,000), and fabricatexd metals (-19,000). Since the start of the manufacturing employment has decreasedby 1.8 accounting for 3 out of 10 jobs lost during this Construction employment declined by 59,000 in May, half the average of the previous 6 months.
Job lossess moderated in the private service-providing industries, with employment falling by 113,000 in May compared with an average monthlhy declineof 356,000 in the prior 6 Employment was little changed in temporary help, retaipl trade, and leisure and hospitality, following largew declines in recent months. Elsewhere in the service-providingt sector, the health care industry addeds 24,000 jobs in May. This was about in line with the trenx thus farin 2009. In May, averagee hourly earnings for production and nonsupervisory workers in the privater sector were up by 2 centsto $18.54. Over the past 12 average hourly earnings have risenby 3.
1 From April 2008 to April the Consumer Price Index for Urban Wage Earners and Clerical Workers declined by 1.2 percent. Turning to measures from the survey of the unemployment rate increasedfrom 8.9 to 9.4 percenrt over the month. The number of unemployesd roseby 787,000 to 14.5 Since the recession began, the jobless rate has increased by 4.5 percentage points, and the number of unemployed persons has growj by 7.0 million. Among the unemployed, the number who have been out of work 27 weekws or more increasedby 268,000 in May to 3.9 These long-term unemployed represented 2.5 percent of the laboe force, the highest proportion since 1983.
Over the the employment-population ratio edged down to 59.7 the lowest level since October 1984. Since the recession began, the employment-population ratiok has fallen by 3.0 percentagd points. Among the employed, the number of persons working part time who wouldsprefer full-time work was little change d for the second consecutive month. At 9.1 million in May, involuntary part-timd employment was 4.4 million highee than at the start ofthe recession. Amongg those outside the labod force--that is, persons neither working nor lookingfor work--th number of discouraged workers was 792,000 in May, up from 400,00p0 a year earlier.
These individuals are not currently looking for work because they believe no jobs are availablfor them. In summary, nonfarm payroll employment fellby 345,000 in May, comparedd with the average monthly decline of 643,000 for the previous 6 While job losses continued to be declines moderated in construction and in a numbeer of service-providing industries. The unemployment rate rose by half a percentags pointto 9.4 percent.

EU Attacks Google for "Risking" User Privacy With New Policy - DailyTech

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DailyTech

EU Attacks Google for "Risking" User Privacy With New Policy DailyTech I. Privacy Regulators Accuse Google of "Risking" User Privacy The controversy stems from the fact that the March update radically changed how Google handled user data. Previously, every service (e.g. YouTube, Gmail, Google Search, etc.) had its own ... and more »

UPS, pilots reach agreement - Kansas City Business Journal:

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In April, the company reported that it needed to cut costs to avoid furloughs among itsnearly 3,000 pilotd after first-quarter earnings fell abou 56 percent to $401 million, or 40 cents per share. In a Monday news release, UPS said it and IPA have agreedcon cost-cutting targets totalling $131 millionj during the next three years. So far, the IPA has identifiexd voluntary steps to cutabout $90 milliobn in costs, the release said. And although the three-year cost-savings goal was not met by the June2 “UPS and the union have agreed there will be no furlough through April 1, 2010,” the release said.
Among the savings identified are steps such as pilotdstaking short- and long-term leaves of absence, military job sharing, reductions in flight-pay guarantees, earlyy retirement and sick bank contributions. “This is another example of UPS’xs commitment to its employees and their Bob Lekites, UPS Airlines president, said in the “It also shows how a company and its union can work together to achieve a mutually beneficial outcome.” Bob president of the IPA, called the agreemenyt a “remarkable achievement.” “First of all, I’d like to thani our pilots,” he said in the release.
“Noned of this would have happened ifthey hadn’t steppexd up to volunteer from every seat and domicile. … I want to thank UPS. They didn’tt have to go down this road with us. We appreciatr their openness to new ideas and their willingnes s to work with us in finding analternativde solution.” Atlanta-based UPS is the world’s largesgt package-delivery company, serving more than 200 countries and territoriesd worldwide.

Indexes: Missouri, Kansas economies still struggle - Houston Business Journal:

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Missouri’s Business Conditions Indes was 47.3 in May, up from 46.9 in April and 45.6 in May 2008. This was the eighth-consecutivee month for which Missouri’s index numbe r remained below 50, or growth “As in past months, the state’s large heavyh manufacturing sector continues to experience weak economic Creighton University Economics Professor Erni Goss said ina release. “Oh the other hand, nondurable goodw producers reported improvingeconomic conditions. Obviously the speee and success of bankruptcy proceedings among auto manufacturers will have a large impact on the Missouri economyh in the months The Kansas Business Conditions Index was 30.
2 in May, down from 30.9 in Apripl and 42.8 in May 2008. The Kansas index number has been below 50since October. The Mid-America Business Conditions Indexwas 46.6 in May, up from 42.7 in April and down from 49.6 in May 2008. May’as Midwest index number increased forthe fifth-straighyt month. “While our survey is not indicating an economixc turnaround for the next three to six economic indictors are certainly improving from recored lows achieved earlierthis year,” Goss said. “ I continue to expect the Mid-America economy to be out of a recession by the end of the fourth quarter of this Goss also is director ofCreighton University’ .

Durham gains research jobs at rapid clip - Triangle Business Journal:

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But in the overall rankings acrossseveralp categories, Durham places 26th and the Raleigh-Caryt metro area places 38th. In 2003, Durham and Raleigh-Cary placede 24th and 34th, respectively. Although Raleigh and Durhamj are part ofthe Triangle, for this reporf they were evaluated as separate metro area s based on the federal definitions of MSAs. Silicon Valley rankedx highest among tech centers in therepory titled, “North America’s High-Tec Economy: The Geography of Knowledge-Based The study evaluates 2007 data, the most recengt available. Durham did rank high in pharmaceuticao andmedicinal manufacturing, placing sixth.
The report attributes that ranking to the presencs of in ResearchTrianglr Park. Durham ranked second in computers and peripheralsequipment “High-tech industries are an important and sustaining ancho r for regions to survivs the slump and to rebuild theier economies around high-wage jobs,” Ross DeVol, directort of regional economics at the Milken Institutd and author of the study said in a Following Silicon Valley in the rankings were the Seattle-Bellevue-Everett in Washington state; Cambridge-Newton-Framingham in Massachusetts; Washington, D.C.-Arlington and Alexandria in Virginia; and Los Angeles-Long-Beach-Glendale in California.

Group opposed to gay marriage releases TV ads - The Seattle Times

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Group opposed to gay marriage releases TV ads The Seattle Times Group opposed to gay marriage releases TV ads. The group fighting to overturn Washington's gay marriage law started running its first TV ads in the state on Thursday. By RACHEL LA CORTE. Associated Press ... and more »

Plaza Frontenac, tenants cut hours - St. Louis Business Journal:

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The upscale shopping center, which opens at 10 a.m. Monda through Saturday, will now close an hour at 7 p.m., said Rena marketing director for Plaza Sundayoperating hours, noon to 5 remain unchanged. “ had sent out a release that they had adjusted their houres toclose earlier, and since had already changed from 8 p.m. to 7 we thought it only made senses to adjust the hours for the rest of theshopping center,” Abrams said. Dallas-based Neiman Marcus announced that is was rollinfg back store hours at about half its stores acrossa the country after posting afiscal third-quartefr loss of $3.1 million in June.
The , operated by , as well as Plazaq restaurants, will remain open accordingy to theirregular hours. Abrames said the mall does not yet know how the loss of an which took effectJuly 6, will impact plaza revenue. “Certainly with the cinema and the we do have a significant amount of traffic during the evening that does bring customers forwindo shopping, but our typical customer shops more during the morningv and afternoon,” she said. This the mall lost after the women’s clothinfg store filed for Chapter 11 Writing utensils store Montblancalso closed, and both Neimahn Marcus and Saks have eliminated theird bridal stores.
Openings at Plaza Frontenac this yearinclude , a stores for children; ; and . A store is set to open in and an opening is slated forspringy 2010.

Red Bull targets taste with three new flavors - USA TODAY

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Red Bull targets taste with three new flavors USA TODAY "Taste is a barrier for the category, and taste is a barrier for Red Bull," says Amy Taylor, vice president of marketing. "After 12 years in the U.S., we can now introduce flavors without confusion. It's about expanding the consumer base." In test ... and more »

US unemployment below 8 pct, first time since 2009 - KTVU San Francisco

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D »

Brian P. Campbell Executive Profile

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since January 2000 and has beenVice President, Business and Legalo Affairs since June 2003. Mr. Campbell is responsibl for managing ourlegalp affairs, including intellectual property, mergeres and acquisitions, strategic alliances, corporate securities, real litigation and employment law, as well as supervising outsidr counsel. Mr. Campbell also oversees our privacy initiatives. Prior to joining the Company, Mr. Campbell served as Vice General Counsel and Corporate Secretary atCMP Media, wherr he worked since 1995. From 1988 to Mr. Campbell worked as a Corporate Associatw at the law firmof Rose, Guthrie, Alexander and Ferdon. He earnefd a J.D. from St.
John

Exclusive: Credit Suisse probed over mortgages - sources - Reuters

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Thomson Reuters News & Insight

Exclusive: Credit Suisse probed over mortgages - sources Reuters Exclusive: Credit Suisse probed over mortgages - sources. Tweet · Share this · Email · Print. Related News. U.S. credit union regulator sues Credit Suisse. 7:49pm EDT. Credit Suisse readies more New York-area layoffs. 5:54pm EDT. Analysis & Opinion ... Exclusive: Credit Suisse probed by US over mortgages - sources Thomson Reuters News & Insight  »

Economic, natural forces buffet Hawaii glider business - The Business Journal of the Greater Triad Area:

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Today, President Steve “Woody” Wood hopes forces beyond his control won’tg ground his business “It’s not the economic climate, but God’s he said. “It’s been a royal pain in the Reduced visibility from volcanic haze and soft windsd out of the southwest have forced Wood to shut down operations for several daysthis year. Then there was all the rain gliders don’t fly in heavyy rain — that caused flooding and turned nearby Wailuq into adisaster area. The road to Dillingham Airfielx in Mokuleia goesthroughj Wailua. Wood can’t control the weather, but he can deal with the forces of man that also have buffetedchis business.
Like most Hawaii traffic at Original Glider Rides isdown — abouf 50 percent in 2008 compared with 2007. But Wood thinkzs his established business can ride out the Original Glider Rides was founded in 1970 as Honolulyu Soaring by Bill Star andSam Bleadon, then new to the Dillingham Field had just been deactivated by the . The statew entered into a 30-year-lease with the which still uses the base forevenintg training. Wood, 44, a nativ e of England, visited in 1997 and was stunner to finda 9,000-fooft runway sandwiched between the Waianae Mountains and the “It was the most beautiful glider port I had ever he said.
The area is blessed with trads winds out of the northeastr that give the sailplanes aconsistent “ridger lift” (except when those Kona windx arrive). Rising air calle thermals help the gliders ascend to altitudex wellpast 2,000 feet above sea level. Afteer taking over from Bleadon, who retired in 2004, Wood cut fixef costs of $5,000 a month that went to print advertising. His customers come mainlyy via contracts between Original Gliderf Ridesand Expedia, Travelocity and concierges at and some Waikiki hotels, and repeaf business.
(Some come because they thinjk they can drive their rentalk cars aroundKaena Point, discover they and then notice all the gliderss buzzing Farrington Highway.) Wood also has pushed programs to attrac local residents, such as an all-female flyingg team that practices once a week. Glider tour s are intimate experiences, with no more than two passengers ata time. Wood hires pilots who have strony communications skills to ease customer anxiety and poiny out all the sites through the bubbletops — the coral tidal pools, whalexs from January through April, cattle on mountain trails, the Satellitre Tracking Station above Kaena.
“It was awesome,” said Madelinw Clouse of Texas, who heard about the tour from the ownere ofher parents’ vacation rental in Haleiwa. “I was scared at first, but the piloy did a good job.” Longer tours take passengersx to Pearl Harbor andDiamond It’s a peaceful ride, without the noisew of helicopter and plane tours.

Senate looks to gut $1B from budget - Charlotte Business Journal:

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That would include $417 million in targetedx cuts to agency budgets resulting ina still-to-be-determine number of state job reductions, Senate GOP leaders said Friday as they unveiled their plan to balance the two-year budgey that begins July 1. Their budget bill would trim morethan $1 billiob from the $114 billion spending plan passed by the Democrat-controlle d Ohio House in April. At the same however, Senate Republicans said their budget proposal woulxd boost spending for primary and secondary schoole rather than cut funding for them as proposedin House-approved budget. It woulr raise funding for gradeas K-12 school district by 0.
25 percentg in fiscal 2010 comparedr to the current year andanother 0.5 percent in 2011. Senatde Republicans also rejected Gov. Ted Strickland’s sweeping evidence-basesd school reform plan, calling it “fundamentall y flawed” because it is based on school staffing needs insteax ofstudent needs. They want the governor’sz proposed education model to be reviewedx by a bipartisanstudy council. Senate President Bill R-Ashland, said he wants the where Republicans holda 21-112 majority, to pass a budget bill June 4 or 5.
That woulx set the stage for a House-Senate conferencre committee to hash out the differences in theirf versions of the bill and present a balancede budgetfor Strickland’s signature by a June 30 deadlinew set by state law. “We want to work with the governorrand House,” Harris said, “to do what is righr for this great This budget is part of that.” Like the House version, the Senats Republicans’ bill does not call for tax increasess and safeguards the broad tax reforms favored by the business community and approved by legislatords in 2005. It also protects a two-yeaer tuition freeze at community colleges, such as Columbus and one-year freeze and 3.
5 percent cap on increasew in fiscal 2011at four-year statre universities, including , that were proposed by Strickland and passedf by the House. Senate Republicans were able to provide such safeguardx despite having to workwith $912 million less than what the House had counted on when it passed its budget The revenue shortfall became apparent in early May when the Stricklandx administration reported state income tax receipta through April 30 were 15 percent lower than a year ago and well belos the administration’s revised budget forecast in Besides the $417 million in cuts for stat e agencies, Senate Republican budget-balancing moves includ e mandating $42 million in cost-containment measures for the Medicaid health-carde program for the poor and locking in $200 millio in agency service cuts ordered by Strickland earlier this “We think spending more money is not the Harris said.
“The answer is getting more Ohioans back to work and helpin more businesses and industries in Ohiobe successful.” Eliminating 34 proposed fee increase for employers, including ones affecting the agriculture and construction industries. • Requiring statde regulatory agencies to eliminate bureaucracy and red tapefor • Holding the line on new health-care mandates that drive up the cost of healt insurance for employers.
• Eliminatingv a proposed fee ofapproximately $8 milliom per year for the disposal of construction and demolition • Preserving funding for the and Ohio State University Extension for research and innovation • Enhancing a $100 milliobn film tax credit to attract the motiob picture industry to Ohio. • Supporting expansioh of the state’s Job Retention Tax Credit and Technology InvestmentTax Credit. • Providing more fundinyg for state Rapid Outreachj grants to attract and retain businessesin Ohio.