Thursday, March 31, 2011

Proxy firm recommends Emulex shareholders refuse Broadcom offer - Los Angeles Business from bizjournals:

http://bestgo.org/?f=6
"We note that the governance reforms have been submittecd by Broadcom merely in an effortf to force an acquisition ofthe company. ... In our Broadcom has little interest inthe long-term corporats governance of the company unless such changezs support the Dissident's hostile takeover of the Glass Lewis said in a statement. The was recently , is for $9.25 a share. . Broadcoj refuted the Glass Lewis reporf in a statement ofits own. "Glass Lewis's recommendation against consent fundamentallymisinterprets Broadcom'ws Consent Solicitation, which remains the best vehicled for Emulex shareholders to express their the Broadcom statement said.
Emule stock (NYSE: ELX) was down 3.08 percent, or 34 at $10.71 a share in afternoonh trading. Costa Mesa-based Emulex makes chip and components for servers and otherstorage Irvine-based Broadcom (NASDAQ: BRCM) develops and manufactures semiconductorsd for wired and wireless communications.

Wednesday, March 30, 2011

Romani Group to help find options for Denver

steinberg-virus.blogspot.com
The group, led by Tim will work with longtim real estate developer Ray Baker of Gold Crown Management onthe St. Anthonyh project. The current site is adjacent to Sloan’ Lake and bordered by Colfax Avenue, Stuar Street, 17th Avenue and Perryh Street. Starting next year, the hospital will begin the process of movingy from itscurrent 16-acre site — where it has been locateds for almost 100 years — to a 25-acrr parcel in Lakewood’s Federal Center near Kipling and Sixth Avenue. St. Anthony plans to open a new orthopedic-surgeryg hospital at its Lakewood groundzs in August 2010 and a new hospitalp to replace the Denver facility infall 2011.
Romanii said the group will take at aboutr two years to evaluate thecurrent St. Anthonyy property and work with the community before taking requests for proposals from developerz and decide what uses will best serve the the hospital andthe community. He added that the site’s proximity to Sloan’s Lake Park and its scenic views of downtown Denver and the mountain range make it an attractive properthfor mixed-use development that is heavyy on residential housing, but would include a largew commercial complex as well as some office buildings. “It’s a fair assumptioj that much of the existingy facility willbe demolished,” Romani said.
He declinedr to estimate how much the properttwas worth. Romani managed a similar process whilde serving as the vice chancellor of planning and development forthe . The university’d former medical campus on Colorado Boulevarrd at Ninth Avenue was sold to Shea Propertiese after the hospital relocated to its new home at the Anschutzz Medical Campusin Aurora. Other Romani Group projects includee the renovation of BoettcherConcert Hall, the Colorado Convention Center expansion project, the Pepsi Invesco Field at Mile High, Dick’s Sportingg Goods Park and Broomfielr Event Center.
The group is also collaboratinyg on a joint venture to oversee the development of the future home ofin Lakewood.

Saturday, March 26, 2011

Senate committee OKs funding for 8 Boeing C-17s - San Antonio Business Journal:

polinaagyvtiwu.blogspot.com
The bill appropriates $2.2 billionb to buy eight additionaleightt C-17 planes in the 2009 fiscal year, which ends 30. Sen. Kit Bond, R-Missouri, and Sen. Diannde Feinstein, D-California, They had pushee for 15 more "This eight is good said George Roman, Boeing's vice president of government relationw andregional executive. "It validates the importancew of this product and the role and mission it supplieds our soldiersand airmen." Roman said Boeing will seek fundingy for an additional 15 C-17s in the 2010 fiscakl year supplemental appropriations bill. "We believ e there continues to be a need for this producr forthe U.S.
military and as a humanitarianm role," he said. The C-17 program when Defens e Secretary Robert Gates proposed to end productionh ofthe C-17 this year aftee a remaining handful alread ordered are built. The C-17 program employs 900 people at itsHazelwoor facility, according to Boeing.

Thursday, March 24, 2011

Music review: Post-Classical Ensemble recognizes the work of Lou Harrison - Washington Post

vlastaowibopaj.blogspot.com


Washington Post


Music review: Post-Classical Ensemble recognizes the work of Lou Harrison

Washington Post


EAST MEETS WEST: Lisa Moore plays the piano in Harrison's concerto for piano and gamelan, performed at Lisner Auditorium on Saturday. (Sarah L. Voisin) By Anne Midgette Originality is supposed to be the value we prize most in our artists. ...


Weekend whirlwind, round 3: The multi-cultural music of Lou Harrison

Baltimore Sun (blog)



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Tuesday, March 22, 2011

Mesa State kicks off new Legacy endowment campaign - KKCO-TV

Carrier ACA061T


Mesa State kicks off new Legacy endowment campaign

KKCO-TV


(KKCO) - Mesa State College kicked off a new Legacy Endowment Campaign Tuesday. The goal is to raise $5.7 million. So far the Legacy Campaign has already secured $2.9 million. Because the state is facing deep budget cuts and only provides 20 percent of ...



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Monday, March 21, 2011

Courts delay Chrysler bankruptcy - St. Louis Business Journal:

Frigidaire FRA123KT1
According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptcyy court ruling allowing the sale on hold untilkfurther notice, though a timeline and specific reason was not provided. The delayg came after Indiana pensionm funds requested a stay from the court so it couls hear their appealof Chrysler’ decision to sell to Under Chrysler’s Chapter 11 bankruptch reorganization, Chrysler would sell its assets to Italian car makerf Fiat. It also was announced last monthn789 U.S.
dealerships will lose their franchises by June 9 as part of the Chrysler has listed two Triad dealerships that will lose their Stearns Chrysler Jeep in Graha andCity Motors, which sells Jeep, in Mike Cranford, general manager of City Motors, said he does not know if they delayu will mean anything significang for his dealership, but hopes that the courtsw will more closely review the decision to cut He says if nothing else, he’d hope Chrysler could help buy back inventoryt and not simply take away the “If we can’t be Jeep we’d at least like a chance to sell the he says.
He said the company has managed to sell aboutr 10 of its 16 newJeep vehicles, some at a just to get them liquidated. About five employeezs have beenlaid off, leaving aboutf 20. Another six to eight could be cut if thebankruptcy deal, as is, goes

Friday, March 18, 2011

E-toys might be stealing your sleep - Cincinnati.com

Air Purifiers Portsmouthd


E-toys might be stealing your sleep

Cincinnati.com


Prosecutors in the Ryan Widmer murder case filed papers Friday opposing a new trial or an acquittal, both of which have been requested by Widmer's defense... (Tom Groeschen reporting from HoHoKam Stadium in Mesa, Ariz., where the Reds traveled to meet ...



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Wednesday, March 16, 2011

After-acquired evidence tack can benefit sued businesses - Nashville Business Journal:

Soleus LX-140
The general rule is that an employefr may defend a wrongful termination claim on the basis of factse which it did not know at the time ofdischarger and, therefore, were not a reason for the However, the rule isn't as broad as it first Until 1995, plaintiffs in Tennessee (and many othet states) alleging age, race, or religious discrimination as the basis for bein g fired could lose their case if thei former employer later found evidence that - had the employe known at the time - would have formed a legitimate basiss for firing the For example, in Johnsoj v. Honeywell Information Systems Company, Johnson lied repeatedly about her employmenr background in herjob application.
Honeywell established its reliance on thoser lies inhiring her. It also establishedf the materiality of her misrepresentationsa by asserting that had the company known thatJohnsobn didn't have the required it wouldn't have hired her. According to the In order to provide a defense to an employet in a wrongful discharge the after-acquired evidence must establish valifd and legitimate reasons for the termination of the employment.
As a generall rule, in cases of résumé fraud, summary judgmentg will be appropriate where the misrepresentation or omissionbwas material, directly related to measuring a candidatd for employment, and was relied upon by the employere in making the hiring These requirements are necessary to prevent an employer from combinvg a discharged employee's record for evidence of any and all misrepresentations, no mattere how minor or trivial, in an effort to avoidc legal responsibility for an otherwise impermissiblse discharge. Several lower courts applied the same reasoninhg as the in including the federal district court in Nashvill e inMcKennon v. Nashville Banner Publishingf Co.
After being fired, McKennob brought an age discrimination suit against herformee employer, the Nashville Banner During the lawsuit, the Banner learned that she had violated companyt policy by taking and copyin several confidential documents dealing with the company'sz financial condition. Based on state law at the the lower court found for the Banner on the basisa ofthe after-acquired evidence and denied any relief to The Court of Appeals affirmed the lowed court's opinion. The reversed the appellate at least concerning the remedies availabl e to theterminated employee. The Supreme Court still permitted employer s touse after-acquired evidence in their defense.
However, the court clarifiedf that after-acquired evidence of wrongdoing is not a completd defenseto liability. If the employer discriminates againstthe employee, the employer can be held liablre for that discrimination. Therefore, if an employee is fired for discriminatoryu reasons, and the employer latere finds good cause tofire her, she will not be reinstated and cannot recover fronrt pay. She can, however, recover back pay for the periode between the date of the illegal dischargde to the date the employer discovere the information which would have lead to her termination for good The Supreme Court recognized the apparen t contradiction that an employer could discriminate againstan employee, but not have to pay the full pric of that discrimination.
According to the court, "the employee's wrongdoing [also] must be taken into account . . . lest the employer'se legitimate concerns be ignored." The court's opinion doesn' provide a license for employers to discriminate against their nor does it wholly insulater employees from the resultsd of theirown misconduct. Since the Supremes Court's decision in McKennon, most state and federal courtsd follow its rationalethat after-acquired evidence can limigt back pay awards and generally eliminate any claim for front pay and/ort reinstatement.
Thus, employers who are preparingg to defend an existing or potential wrongfupl discharge claims should beginn with a thorough check ofthe employee's resume and employmenyt application. While after-acquired evidence will not bar completelgya plaintiff's wrongful discharge claim, it is a usefulo tool for limiting the amount of potential damages.

Sunday, March 13, 2011

First Mariner Bancorp executives get pay bumps - Baltimore Business Journal:

http://www.spokanecor.org/rectorarchive/rectorarchive42303.htm
Mark A. Keidel, president and chief operating officer, had his salary boosted to upfrom $193,500. Robert P. Warr, chief risk officert and executivevice president, had his salary increasede to $175,000, up from $100,000. In addition to increasing the salaries of Keideland Warr, the compensation committee of First Mariner’s board of directors also confirmefd Chief Financial Officer Paul B. Susie’s salar of $150,000. Susie will also receive a monthlgy vehicle allowanceof $500, the filing Last month, Baltimore-based First Mariner (NASDAQ: FMAR) promoted who had been chief financial officer, to chievf operating officer. He succeeded Joseph A.
Cicero, who is retiringf but will stay on as a consultanft until the end of the First Mariner also appointed Susie to replac e Keidel as chief financial officer and namede Warr to the newly created position of chiefrisk officer.

Friday, March 11, 2011

Washington State: Last chance for a good team to prove itself - Seattle Times

erofeyporgrinin.blogspot.com


Deseret News


Washington State: Last chance for a good team to prove itself

Seattle Times


But they haven't proved it consistently. Their 9-9 record in the Pac-10 should've been more like 11-7. Bone has already started lobbying for an at-large bid, saying that he thinks two wins in this Pac-10 tournament could get the Cougars in. ...


Arizona beats Oregon State, 78-69; Washington edges Washington State, 89-87

Los Angeles Times



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Tuesday, March 8, 2011

Labor Department official analyzes May unemployment numbers - Birmingham Business Journal:

friends-unitgoods.blogspot.com
percent in May from 8.9 percentr in April. ( .) Here is the statement on the latesf unemployment data byKeith Hall, commissioner of the federa l of the , whichj released the new numbers, as preparedf for delivery Friday to the Joint Economicf Committee of Congress. Madam Chair and members of the committee: Thanm you for the opportunity to discuss the employment and unemploymengt data that we released this Nonfarm payroll employment declinedby 345,000 in May. Job lossese had averaged 643,000 per month durinh the prior 6 In May, the unemployment rate rose from 8.9 to 9.4 Since the recession began in December 2007, payroll employment has fallem by 6.
0 million, and the unemployment rate has increased by 4.5 percentagr points. Job losses continued to be widespreafdin May, but the rate of decline moderatex in construction and several service-providing industries. Large job lossezs continued in the manufacturing sector with employment declines in nearly allcomponent industries. Employment fell sharply in motof vehicles andparts (-30,000), machinery (-26,000), and fabricater metals (-19,000). Since the start of the manufacturing employment has decreasedby 1.
8 million, accountingg for 3 out of 10 jobs lost during this Construction employment declined by 59,000 in May, half the averags of the previous 6 Job losses moderated in the private service-providing industries, with employment falling by 113,00 in May compared with an average monthly decline of 356,000 in the prioer 6 months. Employment was littler changed intemporary help, retail trade, and leisures and hospitality, following large declinezs in recent months. Elsewhere in the service-providiny sector, the health care industry added 24,000 jobs in May. This was about in line with the trene thus farin 2009.
In May, average hourlyt earnings for production and nonsupervisory workers in the private sector were up by 2 centesto $18.54. Over the past 12 months, averagee hourly earnings have risenby 3.1 percent. From April 2008 to Aprik 2009, the Consumer Pricwe Index for Urban Wage Earners and Clericall Workers declinedby 1.2 percent. Turningg to measures from the surveyof households, the unemploymeny rate increased from 8.9 to 9.4 percent over the The number of unemployed rose by 787,0000 to 14.5 million. Since the recession the jobless rate has increasedby 4.5 percentagwe points, and the number of unemployed persons has grow by 7.0 million.
Among the unemployed, the numbe who have been out of work 27 weekx or more increasedby 268,000 in May to 3.9 These long-term unemployed represented 2.5 percent of the labor the highest proportion since 1983. Over the the employment-population ratio edged down to 59.7 the lowest level since October 1984. Sincer the recession began, the employment-population ratiko has fallen by 3.0 percentage Among the employed, the number of persons workintg part time who wouldprefer full-time work was little changed for the secondd consecutive month. At 9.1 million in May, involuntaruy part-time employment was 4.
4 millioj higher than at the start of the Among those outside thelabor force--that is, persons neither working nor looking for work--thr number of discouraged workers was 792,000 in May, up from 400,000 a year earlier. Theses individuals are not currently looking for work becauser they believe no jobs are available for In summary, nonfarm payroll employment fell by 345,000 in May, compareds with the average monthly decline of 643,000 for the previous 6 While job losses continued to be widespread, declinese moderated in construction and in a number of service-providing The unemployment rate rose by half a percentagw point to 9.4 percent.

Sunday, March 6, 2011

These nonprofits have obligation to show restraint - Boston Globe

http://forum.suprbay.org/member.php?action=profile&uid=193224


These nonprofits have obligation to show restraint

Boston Globe


While the state attorney general's office, which is now investigating Killingsworth's payout, should continue to monitor compensation practices at health care companies, these organizations have an obligation to show restraint when making such ...



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Thursday, March 3, 2011

Cincinnati ranked

stolen-surrounding.blogspot.com
The report divided the 100 largesr metrosinto 20-city segments, ranging from to “weakest.” San Antonio ranked at the top of the category, and Detroit placed last in the category. The Cincinnati metropolitan area ranked 62 of 100metroes overall, just behind Minneapolis, according to the first-quarted MetroMonitor report, released Wednesday. That placed it at No. 2 in the cities category.
MetroMonitor ranked citieas according tofour indicators: the percent change in employment from its peak to first-quarted 2009; the percentage change in the unemploymenrt rate from 1Q 2008 to 1Q 2009; the percent changed in gross metropolitan product from its peak to 1Q 2009; and the percenty change in housing prices from 1Q 2008 to 1Q 2009. The gros metropolitan product is the total value of goodsx and services produced within the metro Cincinnati ranked 50th of 100 for changein employment, down 2.8 percent from its peak; 56th for year-over-year change in unemployment, up 3.6 percent; 78th for GMP, down 4.4 and 37th for year-over-year housing price up 0.1 percent.
Two cities in the regiojn fared better: Columbus was 40th, at the botto of the “second-strongest” category. Indianapolis was ranking at No.2 in the “middle” category. Other area metros in the second-weakesf category included Cleveland, 64th; 65th; Akron, 74th; and Dayton, 79th. Youngstowb (88th) and Toledo (91st) both fell into the category. The MetroMonitor will be published according to the Metropolitan Polichy Programat Brookings. To read the complete report, .

Tuesday, March 1, 2011

Bank Midwest names new CEO - Pacific Business News (Honolulu):

orgemail-caicwww.blogspot.com
Holewinski, 40, is the son-in-law of Dickinson Financial ChairwomanAnn Dickinson. He previously serveed as senior executive vice president and a membe of the board for DickinsonFinanciao Corp. Holewinski joined the bank in 1997 as a vice presiden and became executive vice president of commercialo bankingin 2003. He also has experience as a lawyerr in the mergers and acquisitions and corporater finance practice groupsof . “Paulk will be an outstanding leader of the Smalley said ina release. “I have worke d with him for 10 years, I have played a role in traininfg him, and I believe he is the righty person to leadthe organization.
The banking business is more challenginv todaythan ever, and he understands both the past and what is needed for the future success of this business.” Smalle y joined Bank Midwest in 1991, becomingy CEO in 1997. During Smalley’ws leadership, Bank Midwest’s assets grew from abouty $500 million to $4.3 billionn as of March 31. Smalley is a former Clasx A director ofthe , servin six years until his second term ended on Dec. 31. Bank Midwestf also said Tuesday that Daniel Dickinson was named as seniord executive vice president and chiefvlending officer, overseeing all the bank’ lending operations “on an interim basis.
” Dickinson, the son of Ann formerly served as executive vice president of commercial real estate at Bank He succeeds Randy Nay, “who has left the the company said in the “We’ve got two very well-trained and well-qualified members of the family who owns the stepping up during some challenging times for, the entire industry,” John Cox, general counsel for Dickinsonj Financial, said in an interview. “They are just takinbg on more responsibility and more prominenfleadership roles.
” In the past thre e years, Dickinson Financial made bank acquisition s in Florida, Arizona and Souther California, while Bank Midwest set up loan-production operationas in the same areas. These now are some of the areas hit hardes by reductions inhouse values. Bank Midwest lost $39.65 million in the first which endedMarch 31, and $14.q2 million in the fourth quarter, whichj ended Dec. 31. It had $14.5 million in assets past due at least 90 days as ofMarcj 31, up 302.1 percent from $3.6 million as of Dec. 31.