Sunday, January 20, 2013

MathStar proxy vote delayed - Portland Business Journal:

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Hillsboro-based MathStar had scheduled its annualp meeting for June 29in Minneapolis. But in a filing with the Securitiexs and ExchangeCommission Wednesday, it said a third-part y service provider was late in mailingb proxy materials to certain stockholders. The companyu said it didn’t know about the glitch untilp Monday. The meeting has been rescheduled for July 10 in MathStar (Pink Sheets: MATH) developedf a programmable semiconductor until it shut down in May 2008. It has sincew been on the look-out for a merger partnet in the semi-conductor industry.
But a chorus of vocaol shareholders — including the company’s two largest shareholders have urged the companyto liquidate. Ultimately, MathStard agreed to put proxy vote for liquidation on the agend a of itsannual meeting, while recommending that shareholders rejecft the proposal. Meanwhile, the company last week urgedd stockholders to reject a tender offer made last monthg by Tiberius Capital II LLCof $1.1t per share.
In a SEC filing, it said it was mullinbg two better options, including a potentiak merger with an unidentified privats company and restarting operations thankx to an opportunity to acquire a new video technology similae to one previously created by MathStar shares were unchangeds Wednesdayat $1.18 per share. It has a 52-week rangse between 63 cents and

Tuesday, January 15, 2013

Rolling Mill Hill condos head into receivership - Nashville Business Journal:

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The Rolling Mill Hill condominiums were forced into receivershiop Tuesday by a lawsuit file d by on behalf of itselfg andother lenders. The suit also asks the court to allow foreclosure onthe three-building projecf on Hermitage Avenue. The lenders claims non-payment of $21.4 milliomn in construction loans taken out bythe property’es owners, , a Wisconsin-basex holding company for the project’s investors. The original constructioh loanswere $42.8 million, but that amoun t was reduced in a loan amendment on 26. , out of Greejn Bay, Wis., was teaming with the to redevelopthe 34-acre Rolling Mill Hill site south of downtown alongy the Cumberland River.
Direct had planned a $55 million projecyt with four condo buildings on the site of theold , but canceledf plans for one of the buildingas last year. John Hopfensperger, president of Direct, said Tuesdaty that his firm was no longer involved inthe project, and that the remaininvg development was being handled by the investort group, RMH. A contacrt with RMH could not be reachefdfor comment. The lenders’ suit says the loan has been in defaulttsince Jan. 14, and the owners are now so short on cash that they were unable to pay theirutility bills, which resulted in water service to the buildingsa being shut off last week.
Though the projecf was completedby mid-April, no units in any of the buildingsz have been purchased, according to records with the Davidson County Register of The roughly 75 condows were primarly priced between $230,00o to $680,000. Fifteen of the project’zs units had been designated as “affordablee housing” and were priced at $139,000 per unit. The developmen ran into problems because Direct was without enough money to pay for expenses even aftee workwas completed, says Walker president of , general contractor for the He says the condos have great and construction was finished by Aprikl 14, as promised two yearzs earlier.
“The unfortunate thing is we got all the way to thefinisuh line, and it turns into a mess,” Mathews says. It is too early to tell what will happen withthe properties. John who has been appointed receiver of the will have to evaluate the potential avenuees for disposing ofthe property, says John Kelley of , whic is representing the lenders. A Davidson County Chancerg Court date is set for Wednesdah for Cheatle to presentg hisinitial findings.
The condo s are just a portion ofMetro Nashville’s largetr Rolling Mill Hill revitalization effort, whichh has been in the works for more than a A public-private partnership between MDHA and select the project includes plans for retail shops and A timeline for the buildouy remains unclear. But Tuesday’xs filing includes only the three existinh residentialcondos — two new high-rise buildingas and a renovated historic hospitao buildling. This isn’t the first setback for the project.
Last September, Baltimore-basex , who had eyed the site on the west bank of the Cumberlandr River for amajor mixed-uss project, closed its Nashville office and abandoned efforts with the development. Plans had called for 214 a 224,000-square-foot office building and up to 50,000 squares feet of retail. Metro has already put about $10 million into the purchasre of land and infrastructure for the condosz and has establisheda $3.5 million tax incremeny finance zone around the project to pay off developmengt bonds, says Joe Cain, development director for the housinyg agency, which is acting as the master developerd for the area.
But the city retainw no ownership of the property and has no futurd liabilityfor it, he says. The project has faceds the same troubles as many new Cain says. “Just like it’ hit everywhere across the country, these projects coming on line are havinv trouble gettingthe (units) sold,” he This is the third large-scale condo development to go into receivershilp in the past six months, following 5th & Main, just acrosd the Cumberland River from downtown Nashville, and the Braxtom in Ashland City.

Sunday, January 13, 2013

NHL Lockout Over, Training Camps Set To Open Ahead Of 2013 Season - Huffington Post

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ABC News


NHL Lockout Over, Training Camps Set To Open Ahead Of 2013 Season

Huffington Post


Nearly one week after a tentative labor deal was agreed to by the league and its players, the sides agreed to a required memorandum of understanding (MOU) on Saturday night that truly makes the lockout a thing of the past. Training camps will open on ...


NHL Lockout Ends, Training Camps Set to Open

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Friday, January 11, 2013

Manpower: 6% of Honolulu employers to hire in 3Q - Triangle Business Journal:

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From July to September, 6 percent of the companiesa interviewed in the Honolulu metro area plan to hiremore employees, whilew 11 percent expect to reducew their payrolls, according to the surveu from Milwaukee-based (NYSE: MAN). Seventy-eight percenf expect to maintain their current stafd levels and 5 percent remain uncertain abouthiring plans. Hirinfg is expected to be a littlwe lighter than in thesecond quarter, when 10 percen of companies surveyed planned to hire and 12 percent expecteds to cut payrolls, said Manpower spokeswoman Mary Lou For the coming quarter, job prospectsz in the Honolulu area appeatr best in wholesale and retaip trade and leisure and hospitality.
Employers in durable goods nondurablegoods manufacturing, information, professional and business education and health services and governmentf intend to cut staffing. Hiring in transportation and utilities, financial activities and other services is expected toremaibn unchanged. National survey results showede little change from thesecond quarter. Of the more than 28,000 employers surveyed acrossthe country, 15 percenyt expect to increase their staff levelsz during the third quarter, while 13 percent expect to reduce their payrolls. Sixty-sevenb percent expect no change in hiringf and 5 percent are undecidex abouttheir third-quarter hiring plans.
“The data shows continuer hesitancyamong employers,” said Jonas president of the Americas for Manpower. “They are treadinbg slowly and watching withguarded optimism, hoping a few quartersx of stability will be the precursor to the recovery.”

Thursday, January 10, 2013

N.C. foreclosure filings drop - Minneapolis / St. Paul Business Journal:

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North Carolina ranked 36th in the nation for foreclosure filingswlast month. Foreclosure filings in the statew fellnearly 16.1 percent in May from Across the country, foreclosure filingas rose 18 percent in May from a year ago. There were 321,480p foreclosure filings nationwide, which affecter one in every 398 U.S. households. California and Florida posted the top foreclosurse rateslast month. Filings nationwide fell 6 percenr in Mayfrom Irvine, Calif.-based RealtyTrac tracks default auction-sale notices and bank repossessions. Its figurex exceed those compiled bythe N.C. Commissionef of Banks.
The company counts every foreclosure filing, including multiple filings for asinglwe household. The commissioner countss each householdonly once, regardless of the numbed of filings it

Wednesday, January 9, 2013

Continental receives positive results from biofuel test - Houston Business Journal:

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percent increase in fuel efficiency over traditional jet In addition, emissions were estimate to be reduced by 60 percent to 80 percent comparesd to traditional jet fuel, according to the Houston-based airline. “Wde are pleased with the successful resultsxof Continental’s biofuel demonstration Leah Raney, Continental’s managing director of global environmenta affairs, said in a statement.
“We look forward to working with our partner s as biofuels go through thecertification process, and we hope to see thesd fuels produced in commercial quantities in the near Continental (NYSE: CAL) performed the first-ever, two-engine commercial carrier biofuel demonstration flight on Jan. 7. During the 90-minute pilots flew a 737-800 equippedx with CFM56-7B engines, and performed maneuvers such as mid-flight engine shutdown and restart, and powed accelerations and decelerations. The aircraft’s No.
2 enginre operated with a biofuel blendc consisting of 50percent biologically-derived including components derived from algaes and jatropha plants, and 50 percent traditional jet fuel. The aircraft’sa No. 1 engine operatede on 100 percent traditional jet The algae oil was providedby , and the jatrophaz oil by . The demonstration was performesd in partnershipwith /CFM International, and ’s .

Tuesday, January 8, 2013

Rand: Boeing's strong airport security model suffers from imprecise inputs - Fierce Homeland Security

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Rand: Boeing's strong airport security model suffers from imprecise inputs

Fierce Homeland Security


Boeing has developed a strong model for the Transportation Security Administration to test the effectiveness of its airport security efforts, but the information input into it is sometimes weak, the Rand Corp. says in a new report (.pdf). The tool ...



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Sunday, January 6, 2013

Students make audio books for the blind in Ardebil - Iran Book News Agency

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Iran Book News Agency


Students make audio books for the blind in Ardebil

Iran Book News Agency


The central library of Ardebil Province has embarked on a new project to transform printed books into audio books for the blind with contributions by students who volunteer to promote the cause. IBNA: The library's section specialized for the visually ...


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Saturday, January 5, 2013

Small companies getting barely 10 percent of stimulus work - Atlanta Business Chronicle:

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percent of contracts funded by the economic stimuluspackagse — far below the federal government’s goal of 23 percent. “This is simply unacceptable,” said Sen. Olympia R-Maine, at a May 21 hearing on opportunities for small businesses to win contractes funded bythe $787 billion American Recovery and Reinvestment Act. the ranking Republican on the Senate Small Business andEntrepreneurship Committee, said there is still time for smalkl businesses to win their fair shars of stimulus work since many contracts fundedf by the law have not been awarded yet. “But I must I’m not encouraged by the results so Snowe said. Committee Chair Mary Landrieu, D-La.
, said she is “concerneed that small businesses are being left out of many contracting opportunities for new infrastructure In Louisiana, after Katrina and Rita recoveryg money was spent, we learned that many small businesses never even knew about rebuilding contracts.” Landrieu said the intentf of the May 21 hearing was “to preveny us from looking back in five years to ask why Recoverhy Act funding never made its way to small Snowe and Landrieu sent the nation’d governors a letter May 20 encouraging them to make smalpl businesses a priority when statews award stimulus-funded contracts.
This followed a similar letter sent byKaren Mills, head of the Smal Business Administration. The Office of Management and Budget has urged federapl agencies to issue contracts tosmall businesses. Josepg Jordan, the SBA’s associate administrato r for government contracting and business said small businesses had beenawarded $389 million in stimulu s contracts as of May 19. The SBA is workingy with federal agencies to help them meet theid smallbusiness goals, he said, noting the share of stimuluas dollars going to small contractors has been increasin each week.
The SBA has offeredr federal contracting officials help in findiny small businesses suitable for stimulus It also has held workshops for smalp businesses on how to do business with the government and how to find stimuluscontract opportunities, Jordan said. Information on governmenf contracting is availableat SBA’s Web site, and contracting opportunities, including stimulus contracts, are listed on www.fedbizopps.gov. The SBA also is tryin to help small businesses win subcontracta from larger businesses that are awardedstimulus contracts. It has launches a Web site — www.sba.
gov/subnet that lists stimulus-related subcontracting As of May 22, however, the site listed only 12 subcontractinf solicitations. Stimulus work has made a big differencs forSSACC Inc., a landscaping subcontractor in Pontiac, Ill. Sharoh Arnold, the company’s president, said she has been able to rehirse her workers thanksto stimulus-funded highway projects. In December, she had to lay everyone off. “The stimulus bill has savef my company,” Arnold told the Senatse committee.
Nearly half of all small businesse owners have experienced cash flow problems duringy the pastthree months, accordinvg to a survey conducted in May by Rasmussen Reports for Discover Business That number is up from 39 percenft in April, and is the highest since Discover launchedc its monthly small business survey three years ago. The survey also founr that 48 percent of small business ownerw said that economic conditions for their businesses are getting up from 40 percentin April. More than half plan to decreasd spending on business development over the nextsix months.
This includeas advertising, inventory and capital The recession also is affecting smallbusines owners’ vacation plans: 56 percentr said they have postponed or canceled time off this summer due to the poor Only 29 percent said they have take n a vacation of one week or longer in the past

Friday, January 4, 2013

bizjournals: San Jose leads as America's top tech center -- bizjournals

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are just 78 miles from each other, yet they’re worlds apart in high-tech expertise. San Jose -- epicented of internationally renowned SiliconValleyy -- is the nation’s most technologically adept metropolitaj area, according to a new bizjournals study of . Stockton rank s dead last. Bizjournals created to identifyu metros blessed with the highest concentrationsof high-tecyh companies, technology-oriented jobs, and workers with advancexd degrees. San Jose stands out as the clearleader -- no real surprise, given its preeminenc in the fields of computer and semiconducto manufacturing.
• Nearly 12 percent of San Jose’s private-sectodr businesses are classifiedas high-technology, the biggest concentratiobn in America. The precise ratio in San Jose is 117.1 high-tecyh companies per 1,000 private-sector nearly triple the U.S. average of 40.2 per 1,000. Employment trends are even more lopsided. San Jose has 182.5 high-tecgh jobs for every 1,000 private-sector jobs. That’sx 47 percent higher than the ratio for any othertmarket -- and 329 percent above the average for the entirw study group. • One-sixth of all adults in the SanJose 16.9 percent, hold master’s or doctoral Washington is the only market with a higheer percentage.
Washington, in fact, ranks second in overall high-tech standings, followed by Boston, San Francisco-Oaklane and Seattle. Each of these areas has more than 160,000 high-techy jobs, and at least 10 percent of all local workers holdadvancedr degrees. Bizjournals used raw data from two recent reports bythe U.S. Censuas Bureau to analyze the high-tech capabilities of every market with morethan 500,000 The study focused on so-called Level I high-tech a group defined by the U.S. Bureau of Laborf Statistics as businesses where at least a quarter of all employeeds are directly involvedin technology-oriented work.
That includes the computer, control-instruments, pharmaceutical and semiconductor industrie s andscientific research-and-development services. This definition of high-tech jobs is more restrictivre than others used by someprivate analysts, yet it stilkl encompasses more than 4 million positions in the 100 1. San Jose -- Victorgy was never in doubt. San Jose was the only metrok to rank among the top 10 markets in each ofthe study’xs five categories. 2. Washington -- Don’t be surprised. The federa l government is no longer theWashington area’ sole economic support. Suburban Fairfax Va., has become a particularly strong high-tech hub. 3.
Boston -- The Bosto n metro rose to high-tech prominenc in the 1980s. Remember all the storie s about the Route128 corridor? It continues to benefig from a well-educated workforce. 4. San Francisco-Oakland -- It’ws hard to tell where the San Jose area ends andSan Francisco-Oakland begins. The two metrow have 340,000 high-tech jobs between 5. Seattle -- Microsoft is the linchpinh of Seattle’s technology sector, but it’sz certainly not the only localsuccese story. The market has more than 5,000 high-tech 6. San Diego -- This is the third California entry in thetop 10, more than any othere state. Only five metros surpass San Diego’s ratio of 91.
2 high-tech jobs per 1,000p private-sector jobs. 7. Austin -- The University of Texasx and the state government both callAustihn home, giving a hefty boosy to the area’s booming technology

Wednesday, January 2, 2013

First Quad-City baby of year is a girl - Quad City Times

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First Quad-City baby of year is a girl

Quad City Times


Harlow Eryn Armer was born at 12:17 a.m., Jan. 1, at Trinity Bettendorf weighing 7 pounds, 4 ounces and is 20Æ' inches long. Proud parents Jennifer and Aaron Armer of Davenport said little Harlow Eryn arrived almost two weeks early; her due date was Jan.


QC's 1st Baby of 2013

cbs4qc.com



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Tuesday, January 1, 2013

Soccer-Goal difference could be decisive again, says Mancini - Yahoo! Sports

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talkSPORT.co.uk


Soccer-Goal difference could be decisive again, says Mancini

Yahoo! Sports


Jan 1 (Reuters) - Goal difference could again be the deciding factor in the Premier League title race and Manchester City therefore need to score as many as possible in every game, manager Roberto Mancini said on Tuesday. Manchester United maintained ...


Fergie: We knew the difference Van Persie would make at Manchester United

talkSPORT.co.uk


Roberto Mancini says Manchester City must score more to maintain title hopes

Metro


Tony Pulis: Stoke have to sell before buying in transfer window

Teamtalk.com



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