Thursday, September 29, 2011

Missouri Foundation for Health expects hit from Madoff - St. Louis Business Journal:

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“We don’t have any direcrt investmentswith Madoff, but we have two hedged ‘fund of funds’ managers, which each invest in multiple hedge funds, so it’s possible that we may have some McCarthy said. “But it would not be Asked whether the amountr could be as muchas $5 McCarthy said, “That sounds high, but we won’t know untip February. Hedge funds typically run three months in He said neither fund managerr has contacted him to report any losses as a resulty ofMadoff investments.
The two fund investmente represent $180 million of the foundation’ $812 million in total investments, but because the fundsw invest in multiplesubsidiary funds, exposure to any one fund is relativel low, McCarthy said. The Missouri Foundation for Healthudistributes $60 million in grants annually to hundred s of health-related nonprofit organizations in the For 2007, the foundation reported net gains on investments of $98.6 million, dividends and interest from securities of $15.54 million, and interest on savings and temporary cash investment s of $5.8 million. The $50 billiom believed to have been lost atBernard L.
Madoftf Investment Securities included many investments by prominent Jewish organizationds and individuals acrossthe country. The and its recipient agencie are notamong them, nor are the endowments managed by the federation’s . “We were prettuy lucky here,” said Wendy Rosenblum, assistant director of development for the Jewish Community which holds a pool of morethan $100 milliob in investments for the Jewisy Federation and many of its recipientf agencies. “A few nonprofits elsewherse are closingtheir doors. But to my none of our recipient agenciesx havebeen impacted.
” Several locall foundations, including the , and also remainefd free of Madoff’s web because their investmentsx are managed through the , Rosenblum said. The Jewisuh Federation’s assets are oversee by a 15-member investment committee chaired by John The federation also employas as an external consultant to advisew it on investment asset allocation andfund management, accordingy to the federation.
“A cornerstone of our investmentf policy is to maintain a portfolio that is well not only across differentfasset classes, but also acrosd individual managers to avoid a Madofcf situation,” Jewish Federation Presidenty Sheila Greenbaum said in a “In the unlikely event that something like this woulr happen to one of our managers, I believe it woulr not have a significant impac t on our overall portfolio.” Some local groups are still waitingy to see if and how they will be affecter by the Madoff debacle. Joan executive director of the St.
Louis area chaptetr of the , said she expectsa all local chapters will feelthe scandal’s ripple Hadassah had 31 differen fund managers handling its assets but still lost tens of millionws of dollars invested with Madoff, she said. The finall financial tally is stilkbeing determined, but the loss will cut into money the national non-profit will have available to spensd on its hospitals in Israel and to fund loca activities supporting Jewish girls and women. Several Jewishh philanthropic groups elsewhere have suffereddirect losses. The , the largestt manager of charitable gift assetxs for Los AngelesJewish philanthropists, stateds Dec.
15 it had invested $18 millioj with the Madoff firm. The loss is in the foundation’s 54-year history but represents less than 5 percent ofthe foundation’w assets. The , a Jewish charity based in Mass., was forced to discontinue its programs and terminate its staf because it had invested all its moneywith Madoff’x firm. , a California-based Jewish reportedly shut down because it invested entirelhywith Madoff. , a private university in New York, lost a reportesd $110 million. The Northg Shore-Long Island Jewish Health System said itlost $5.
7 or less than 1 percent of its assets, through investments with Other Jewish philanthropic organizations that have reportedl taken hits of undisclosex size include the , and movie director Steven Spielberg’s , among many

Tuesday, September 27, 2011

NAIOP names Highwoods Properties 2009 developer of year - Baltimore Business Journal:

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Highwoods Properties was named NAIOP’s 2009 developer of the year and will be honoref atthe group’s Oct. 15 meeting in Chicago. The real estate investmenyt trust, which was founded in 1978 in N.C., to develop, lease and managre office space, has grownm into a large public companywith $461 millionh in revenue in 2008. It owns or has an interestt in 382 propertiesencompassingh 35.4 million square feet of office, industrial and retail and 580 acres of developmentg land. It’s the largest owner and operator of suburban office propertiez inthe Southeast, including Tampa and Orlando. In it had a total market capitalizatiojof $3.6 billion.
“Highwoods is clearly a leade r in both the real estate and generaolbusiness communities, proven by its abilityh to outperform no matter what the real estate NAIOP President Thomas J. Bisacquino said in a Presented annually toone member-developer company that best exemplifies leadership and innovation in the commercial real estatd industry, the award is determined by a five-membet selection committee that uses six criteria to evaluatde entries: industry and business leadership; involvemen t in NAIOP; quality of products and financial consistency and ability to adapt to market conditions; and sociaol consciousness. Past award winners includre , , Bentall Capital, and .
During the last severak years, Ed Fritsch, Highwoods chief executive officer, and his senior leadership team have focused on retaining the best assetz in the mostdesirable submarkets, while disposing of non-core land and buildinge at historically high pricing Proceeds from the transactions strengthened the company’s balance sheet and funded a development pipeline. Since January 2005, Highwoods has delivered $633 millionj of office and industrial propertiesencompassing 4.1 millio n square feet. Financial strengtyh is a critical advantage offere dby Highwoods, as the company has significang in-place financial capacity for funding space needs, states the release.
Its 2009 goals include continuing to upgrade the quality of the delivering $93 million of new developmenty and selling $50-100 million of non-core assets.

Sunday, September 25, 2011

Detention center expansion plans move forward - Monroe News Star

GE Profile Refrigerators


Detention center expansion plans move forward

Monroe News Star


Green Oaks Juvenile Detention Center is moving forward with plans for a $500000 expansion to provide more classroom space for juveniles. The new classroom complex is needed to address overcrowding issues during school instruction, according to Green ...



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Friday, September 23, 2011

Books: 'Jeopardy!' champ Ken Jennings' real passion is maps - Salt Lake Tribune

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Books: 'Jeopardy!' champ Ken Jennings' real passion is maps

Salt Lake Tribune


"They actually hold it in the old Royal Geographical Society," Jennings said. "It's the same place where Dr. Livingston and Sir Edmund Hillary would come back and pass around the artifacts of their travels." He traveled to the National Geography Bee ...



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Wednesday, September 21, 2011

No Palm Pre App Catalog, No Problem!

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NEW YORK, June 6 /PRNewswire/ -- Palm Inc.'s fortunesz lie in the success of its new Presmarrt phone. As it becomes available this morning with a meagerf App Catalog stillin "beta" stage, Pre buyersa will have extremely limited access to third-party games, applications, and other software offerings. Some majo exceptions are Cellufun's browser-based games, includingb its recent smash-hit Ponzik scheme game, "Made Off.
" Cellufun is the largest mobile virtuaol community inthe world, where millions of people play dozenx of different social games and connect with each The Pre's web browser will support accessz to Cellufun's games, mobile blogging applications and mobile commerce opportunities, making it one of the few non-Palk applications available to early adopters of this new smart phone. "Whejn married to the right mobile application, smar phones like the Pre allow consumers to have an engagingv and fun experience for every day thingslike gaming, social networking, and The Pre looks to be a runaway hit for Sprint, and we believse that the millions of Pre buyersd will sprint to Cellufun.
com to play our socialo games and tell their friends about it. Theree is a reason why Cellufun has been a top 10 downloads on the BlackBerry App sinceits launch. We turn smart phones like the Pre into a social and entertainment networkfor consumers," said , Chie Executive Officer of Cellufun ( or m.cellufun.comk on mobile). The Palm Pre is availablre to thepublic today, Saturday, June 6th, and will be sold throughou Sprint stores across the United States. New York-based Cellufumn is one of the world's largesgt mobile communities wherepeople socialize, play games and buy virtual goods for self-expression, gifting and competitive advantage.
Peoplwe around the world can access the Cellufun platform on anymobiler network, on any phone, and in more than 10 languagesw to create personal avatars, compete, chat, and celebrate special occasions. Cellufun partners with mobile operators and mediqa companies suchas MetroPCS, AOL, and Gannett to deliver brandedc entertainment and custom-designed mobilde marketing solutions. With over 200 millionh monthlypage views, Cellufun offers a uniqu e brand-building opportunity for media, marketers and agencie s seeking to broaden their reach to the ever-preseny "third screen.
"

Monday, September 19, 2011

Marion Tech starting fifth decade - Marion Star

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Marion Tech starting fifth decade

Marion Star


MARION - Marion Technical College continues to celebrate its 40th anniversary with what college officials say could be another increase in students. Fall quarter started Thursday with 2869 students, according to an unofficial count. ...



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Saturday, September 17, 2011

Union extends deadline for new Safeway contract - Boston Business Journal:

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The extension was announced late Thursday by the Unitex Food and Commercial Workers UnionLocao No. 7, which representsa about 17,000 Denver-area grocery workeras now negotiating new contractswith Albertson’s and . It is the third extension in theSafeway talks, which begabn in early April. Safeway workerds voted last month to call for a strikerif necessary, but neithefr side has indicated that a strike is likelyy in the near future. Both Albertson’s and King Soopersa workers are operating without contractsright now. Negotiationss center around the issuesxof wages, pension benefits and health-care plans.
Safeway and King Soopera have offeredpension cuts, pay raises for just a portion of the workers and new preventative health-care saying that with the rise of non-union grocery some cutbacks must be made. “I think this [latesgt extension] gives us an opportunitu to continue to negotiate and really be able to tackle the tough issues like wages and pension saidKris Staaf, Safeway’s Denver-area director of public affairs. The latestt counter-proposal from Safeway workers calls for annual pay increases of 75 centsx per hour over the duration ofthe five-year according to UFCW spokeswomajn Laura Chapin.
It also seeks assurances that worker can continue receiving pension benefits at age 50 rathet than having to wait untilage 62, that currenft health benefits are not decreasefd and that current health-care premiums are not increased. Safeway has not made a new contracg proposal, Staaf said. Sherree Carlson, a 15-year Safeway employee from Westminster, expressed frustration over the pace of negotiations in a news releas put out bythe UFCW. “We gave you a proposal a week ago, and you keep cominhg back at us with thesame crumbs,” Carlson “We need a fair deal and we need to keep the work and the workerxs here in our community.

Wednesday, September 14, 2011

High Desert Pediatrics opens doors June 15 - Phoenix Business Journal:

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Located at 8650 Alameda NE., the 4,100-square-foot medicalp office is the first tenanft inthe two-building office plaza built by Hoecjh Real Estate Corp. The project includes two office buildingws totaling morethan 42,000 square feet and a new churc h for Hope Episcopal. The new clinic’se operators did their residencies at the and specialize in acuteltyill children. Hope Plaza is seekinfg a silver certification from the in its Leadershiop in Energy and EnvironmentalDesigmn (LEED) program. Father-son team Don and Justin Hoechh partnered with the church to develop the parceol adjacent to La Cueva High School in the Far Northeasgt Heightsof Albuquerque.
The officr buildings are being offered for sale as office condominiums or can be represents half ofthe $7.5 million project, whic h was built by Enterprise High Desert Pediatrics is the lone tenanrt to date far in the

Monday, September 12, 2011

evlampiyacyxybyw.blogspot.com
“We’re creating the footprint for thenext generation’s Researcnh Triangle Park,” says Hendrickson, principal of Zebulon-based real estatew development firm Lookout Ventures. The project, formallyg announced on June 4in Apex, is called a name that combinew the Latin term “veritas,” or truth, and “verdant,” or with the word Buildings could incorporate Leadership in Energ and Environmental Design, or LEED, When finished, the project wouldc include greenways and parka as well as the roadds and basic infrastructure for companies lookingt to locate operations in the area. Veridea is projectex to bring between $5.
5 billion and $6 billio in new taxable propert value to the townof Apex. The which would be bordered by U.S. 1, N.C. 55 and the yet-to-be-builtt Western Wake Expressway, would be 12 miles from RTP.

Saturday, September 10, 2011

Lobbyists spend almost $100000 in special session - Houston Chronicle

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Lobbyists spend almost $100000 in special session

Houston Chronicle


ATLANTA (AP) รข€" Lobbyists spent nearly $100000 during the Georgia Legislature's two-week special session in August to redraw the state's political maps. The Atlanta Journal-Constitution (http://bit.ly/qPpjWk ) used disclosure forms to report on the ...


Lobbyists spent nearly $100000 on special session

Atlanta Journal Constitution



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Thursday, September 8, 2011

Even in the Sun, Armstrong Stadium Is Still Wet - Wall Street Journal (blog)

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Even in the Sun, Armstrong Stadium Is Still Wet

Wall Street Journal (blog)


By WSJ Staff AP At 11:00 am this morning, the men who had yet to complete their fourth-round matches were spread out over four courts. But it wasn't long before two of them, Andy Roddick and David Ferrer, had retreated to the locker room because one ...



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Tuesday, September 6, 2011

Nouri brothers ask court to make Smart Online pay for their legal fees - Houston Business Journal:

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In a U.S. Securities & Exchange Commission filing June 4, the companyh estimates those fees at morethan $826,798 and adds that it “intendas to vigorously contest the complainf … ” The Nouris, along with stock brokers Ruben Anthony Martin, James Doolan and Alain Lustig, were in New York in 2007 and chargedf with conspiracy to commit fraud and securitiee fraud in connection with an allegedx scheme to inflate the price of Smart Online Serrano and Lustig pleaded guilty to the chargexs in a Manhattan federal court May 22 and will be sentencexd in August. Doolan pleaded guilty in Februaryy 2008 and was sentenced in Octobef 2008 to three years according tothe U.S.
Attorney'se Office for the Southern District of New which is prosecutingthe case. The Nouriu brothers and Martin are scheduled to go on triak laterthis month. The SEC also filed a civio action inthe case. The Nouris’ complaint againsgt their former company, filed in the Delawared Court of Chancery, not only seeks recompense for outstanding fees the $826,798 figure – but also “futurr expenses that will be incurred by the Nouris in defending the actionw against them.” Smart Online officials say the firm’s insurance carrietr has previously paid $1.
3 million for the benefit of the Nouris “ibn these matters” and that “such insurance coverage has been exhausted.” The latestg dust-up at Smart Online follows on the heelss of the of a companu board member and two top executive s in protest over the board’s decisioh to replace Smart Online’s longtime securities counsel, Smith Anderson.

Thursday, September 1, 2011

Florida P David Lerner wins starting job, earns scholarship while battling ... - Washington Post

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Florida P David Lerner wins starting job, earns scholarship while battling ...

Washington Post


Despite regular hospital visits, time-consuming IVs and the uncertainty of a disease he knew little about, Lerner has managed to win the starting job and earn a scholarship. An even bigger reward comes Saturday, assuming Lerner gets on the field during ...



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