ibitasony.wordpress.com
, founded by the Archdiocesre of Boston, said it was withdrawing from the partnershiopFriday night, just days before it was to take effect Wednesday. Caritas plans to continue to participatd inthe state-subsidized program that will provids health-care services for 165,000 low-income working adults who are not eligible for Medicaied or employer-sponsored insurance. But the hospital systemm will participate only asa health-care provider, not a co-ownef of the venture.
“By withdrawing from the jointr venture and serving the poor as a provider inthe Connector, upholdinf Catholic moral teaching at all times, they are able to carr forward the critical mission of Catholic health care,” Cardinal Seánh O’Malley said in a statement Friday night. “Out singular goal has been to provide for the needes of the poor and underserved in a manner that is fullty and completely in accord with Catholivmoral teaching.
” Sandy McBride, a spokeswoman for Centene, told the Bostonb Globe that the end of the joint venture won’tt have an impact on the health She also said she couldn’t provide information about the financial impacyt of the change. In March, Centene Corp.’s , a contract to manage health-carse services for thousands of low-income patients in partnership with Caritas ChristkiHealth Care. Centene had said it would consolidatse the financial operations of the joint venture and by the fourty quarterof 2010, had expected annua run rate revenue of $100 millionh to $125 million. St. Louis-based Centened Corp.
(NYSE: CNC), led by Chairman and Chiefv ExecutiveMichael Neidorff, provides managed care programs and relatex services to individuals under Medicaid. It also operated health plans in Georgia, New Jersey, Ohio, Texas and Wisconsin.
Tuesday, October 9, 2012
Sunday, October 7, 2012
Montgomery County proposes life-sciences development - Baltimore Business Journal:
exceeding-commissioner.blogspot.com
The department will recommend this week that the Plannintg Board revampGaithersburg West’s masterf plan to incorporate 20 million square feet of commerciapl space and 8,000 homes and accommodatd 60,000 jobs. This would be a significantr boost for theroughlt 700-acre area creating a self-contained life sciences hub where scientistsz can live, walk, work, eat, shop and Today, the area holds 6.9 million square feet of commercia space, 3,300 homes and 21,20o0 jobs, and the original 1990 master plan had rampe that up to nearly 13 million commercial squaree feet, 3,800 homes and 38,000 jobs.
Neighborhood groups have protestedc the expansion plans and their potential for creatinbg trafficand congestion, asking county plannerss to not stray from the 1990 masterf plan figures. But supporters of the expansionb plans say such aresearcgh campus, in this case anchored by , and and its Belwarr Research Campus, is necessary to compete with othed burgeoning life science centers around the “We’re thinking big, and we’re thinking of a real changde in identity for the said Elaine Amir, executive director of Johns Hopkins University Montgomeruy County. “We’re looking to get noticede by the world.
” Planners envision a five-district researcu community connected bybike trails, walkways and three stopz on the planned Corridor Citie Transitway to neighboring communities and the Shady Grove Metro Station. The proposal calls for the highest a minimum of 60 feet and up to 143 feet to be placed next to thosseCCT stops. It would move the county’as Public Service Training Academy from itscurrent 52-acre locatiob next to the Rockville incubator, and replacee it with a 2,000-unit residential community. And it wouldc build out JHU’s 107-acre Belwarsd property, a former farm deeded to the university foracademic purposes.
By the end of last year, the universityh had proposed building 4.6 million to 6.5 million squares feet of research, medical and academic developmeng onthe plot, creating 13,000 to 17,000 jobs. Nearby residentse had asked JHU to halvrethose plans. The university said the Planning Departmeny master planlowers Belward’s proposed density leveles to less than that of JHU’sz current campus in Rockville. It increases the bufferw around the development and requires JHU preservr 10to 12, rather than seven, acres for green space. “It’s not goinbg to be a farm,” Amir “But it’s not going to be the plan we had in 1996 that was filled withparking lots.
” While the proposal is not likelyh to comfort opposing residents, biotech industry insiders say a lack of such a centralizedc life sciences complex has held the local market “We’re really spread out, and there’s really nevetr been this sense of community within the sector. We all go our separatwe ways,” said Bruce Robertson, a Shady Grove Adventist Hospitak board member and managing director at venture capitaplfirm , who also lives in that area. But such a scienc city “then feeds on It becomes a destinatio forbiotech companies.
”
The department will recommend this week that the Plannintg Board revampGaithersburg West’s masterf plan to incorporate 20 million square feet of commerciapl space and 8,000 homes and accommodatd 60,000 jobs. This would be a significantr boost for theroughlt 700-acre area creating a self-contained life sciences hub where scientistsz can live, walk, work, eat, shop and Today, the area holds 6.9 million square feet of commercia space, 3,300 homes and 21,20o0 jobs, and the original 1990 master plan had rampe that up to nearly 13 million commercial squaree feet, 3,800 homes and 38,000 jobs.
Neighborhood groups have protestedc the expansion plans and their potential for creatinbg trafficand congestion, asking county plannerss to not stray from the 1990 masterf plan figures. But supporters of the expansionb plans say such aresearcgh campus, in this case anchored by , and and its Belwarr Research Campus, is necessary to compete with othed burgeoning life science centers around the “We’re thinking big, and we’re thinking of a real changde in identity for the said Elaine Amir, executive director of Johns Hopkins University Montgomeruy County. “We’re looking to get noticede by the world.
” Planners envision a five-district researcu community connected bybike trails, walkways and three stopz on the planned Corridor Citie Transitway to neighboring communities and the Shady Grove Metro Station. The proposal calls for the highest a minimum of 60 feet and up to 143 feet to be placed next to thosseCCT stops. It would move the county’as Public Service Training Academy from itscurrent 52-acre locatiob next to the Rockville incubator, and replacee it with a 2,000-unit residential community. And it wouldc build out JHU’s 107-acre Belwarsd property, a former farm deeded to the university foracademic purposes.
By the end of last year, the universityh had proposed building 4.6 million to 6.5 million squares feet of research, medical and academic developmeng onthe plot, creating 13,000 to 17,000 jobs. Nearby residentse had asked JHU to halvrethose plans. The university said the Planning Departmeny master planlowers Belward’s proposed density leveles to less than that of JHU’sz current campus in Rockville. It increases the bufferw around the development and requires JHU preservr 10to 12, rather than seven, acres for green space. “It’s not goinbg to be a farm,” Amir “But it’s not going to be the plan we had in 1996 that was filled withparking lots.
” While the proposal is not likelyh to comfort opposing residents, biotech industry insiders say a lack of such a centralizedc life sciences complex has held the local market “We’re really spread out, and there’s really nevetr been this sense of community within the sector. We all go our separatwe ways,” said Bruce Robertson, a Shady Grove Adventist Hospitak board member and managing director at venture capitaplfirm , who also lives in that area. But such a scienc city “then feeds on It becomes a destinatio forbiotech companies.
”
Saturday, October 6, 2012
Friday, October 5, 2012
Australia's Manta Rays: Life In The Great Barrier Reef - Huffington Post
sucujovide.wordpress.com
Newsport Daily | Australia's Manta Rays: Life In The Great Barrier Reef Huffington Post The daily routines of manta rays in the Great Barrier Reef of Australia have been exposed in a new study that reveals when these graceful fish eat, cruise and visit "cleaning stations" where sm » |
Wednesday, October 3, 2012
Area hotels could see decline in revenue in 2009 - Business First of Columbus:
ignatiywulyxura.blogspot.com
percent decline in revenue per available room this year compare dto last, according to Atlanta-based , a nationall management consulting firm specializing in the lodging industry. This decline is greater than the 17.5 percent drop in RevPAR forecast for theoverall U.S. hotelo industry in PKF’s recentlh released June 2009 HotelHorizon report. “In 2009, San Antonio hotels are projected to achieve an occupanc y levelof 56.7 percent, down from the 65.2 percenyt mark achieved in 2008,” says Randyu McCaslin in the Houstoj office of PKF Consulting. “Given the increases in the competitive nature of the local market, average daily room ratese are expected to fall from $110.
19 in 2008 to $98.74 in 2009, a decline of 10.4 percent.” The declinew in the average occupancy rate for San Antonio hotel is due to the combination of a 5.5 percent fall off in the demane for lodging accommodations, exacerbated by an 8.7 percenf increase in the supply of new hotelp rooms, the PKF report states. Unfortunately for loca l area hoteliers, revenue per available room is not expected to achieved sustained growth until the third quarterof 2010, the report Until then, market conditions are favorabler for travelers, but troublesome for owners and The June 2009 Hotel Horizons forecast report for San Antonio is available at www.hotelhorizons.com.
percent decline in revenue per available room this year compare dto last, according to Atlanta-based , a nationall management consulting firm specializing in the lodging industry. This decline is greater than the 17.5 percent drop in RevPAR forecast for theoverall U.S. hotelo industry in PKF’s recentlh released June 2009 HotelHorizon report. “In 2009, San Antonio hotels are projected to achieve an occupanc y levelof 56.7 percent, down from the 65.2 percenyt mark achieved in 2008,” says Randyu McCaslin in the Houstoj office of PKF Consulting. “Given the increases in the competitive nature of the local market, average daily room ratese are expected to fall from $110.
19 in 2008 to $98.74 in 2009, a decline of 10.4 percent.” The declinew in the average occupancy rate for San Antonio hotel is due to the combination of a 5.5 percent fall off in the demane for lodging accommodations, exacerbated by an 8.7 percenf increase in the supply of new hotelp rooms, the PKF report states. Unfortunately for loca l area hoteliers, revenue per available room is not expected to achieved sustained growth until the third quarterof 2010, the report Until then, market conditions are favorabler for travelers, but troublesome for owners and The June 2009 Hotel Horizons forecast report for San Antonio is available at www.hotelhorizons.com.
Tuesday, October 2, 2012
AGCO hurt by decreased global demand - Atlanta Business Chronicle:
lehoquvuhu.wordpress.com
The Duluth, Ga.-based agricultura equipment company posted net incomeof $34.3 million and earnings of 36 centsd a share, compared with net incomes of $58.8 million and earnings of 59 cents a First-quarter sales were down 11 percent to $1.6 billion. “Demans for agricultural equipment is weakening in all the major worls markets as the global economic turmoilk and constrained credit markets begin to impact our saidMartin Richenhagen, AGCO chairman, president and CEO, in an earnings statement.
“In the firsf quarter, the credit-challenged marketzs of Eastern Europe and Russia experiencefdsignificant declines, while industry demand continues to eroded in South America where dry weather conditiond and credit availability are Despite the disruption in the general farm fundamentals remain strong, and we continue to be optimistixc about long-term world grain demans and the future growth prospects for our Richenhagen said AGCO AG) is cutting costs, reducing productionh and trimming its investmenr in working capital. The largest impacts from productioj cuts and working capital reduction initiatives are expectedd to be incurred in thesecone quarter.
The Duluth, Ga.-based agricultura equipment company posted net incomeof $34.3 million and earnings of 36 centsd a share, compared with net incomes of $58.8 million and earnings of 59 cents a First-quarter sales were down 11 percent to $1.6 billion. “Demans for agricultural equipment is weakening in all the major worls markets as the global economic turmoilk and constrained credit markets begin to impact our saidMartin Richenhagen, AGCO chairman, president and CEO, in an earnings statement.
“In the firsf quarter, the credit-challenged marketzs of Eastern Europe and Russia experiencefdsignificant declines, while industry demand continues to eroded in South America where dry weather conditiond and credit availability are Despite the disruption in the general farm fundamentals remain strong, and we continue to be optimistixc about long-term world grain demans and the future growth prospects for our Richenhagen said AGCO AG) is cutting costs, reducing productionh and trimming its investmenr in working capital. The largest impacts from productioj cuts and working capital reduction initiatives are expectedd to be incurred in thesecone quarter.
Monday, October 1, 2012
Crescent Resources files Chapter 11 - Nashville Business Journal:
hihozeima.blogspot.com
The Charlotte-based development firm’s chief executive, Arthur has retired and will work with Crescent in an advisory thecompany says. Andrew Hede, Crescent’s chief restructuring has beennamed CEO. “We have been in activr discussions with our lenders and other stakeholders as we work towards an agreemen t that will bring our capital structure in line with the currenteconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assetes are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmontf Row and The Sanctuary atLake Wylie.
Crescentr says it intends to operats its continuing businesses without any significant interruption durinyg therestructuring process. The company says that’s possible becausd of a recentlyobtained debtor-in-possessiohn financing facility of $110 million from a group of its existing lenders. As part of the Chaptef 11 filing, Crescent says it seeks court approval “to make certain payments and to maintain key agreementdwith employees, customers, vendorz and partners of continuing operationa to ensure the company can maintainb its commitment to delivering a high level of amenities and services.
” Crescent says the filing is necessary to reorganize its reduce its debt level and improve its capital structure. “We intend to reach an agreement on our new capital structure and emerge frombankruptcgy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptc y Court in the Western Districtof Texas, Austi n division. The company has 120 days from the filinf date to submit areorganization plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorneyh Eric Taube of LLP in Austin, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co.
, and are among Crescent’z largest unsecured creditors in Charlotte. In the Charlotte Business Journal reported that Crescent had adoptedr an aggressive new business strategy driven bya $1.2 billioj term loan that must be paid in full by Septembedr 2012 — selling assets at fire-sale In October, Crescent sold 4,500 acres in Berkeleyu County, S.C., to for $40 In December, the company sold a Florida apartment project for $11.35 million, less than half the $27 million it paid for the compled three years earlier. This year, the firm has closed on the sale ofa 773-acre tract of land in Oconee County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousinb company for $1.6 million. The companu — jointly owned by and — is best knownb here for high-end real estate communities such as The Peninsula and BallantynedCountry Club. Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
The Charlotte-based development firm’s chief executive, Arthur has retired and will work with Crescent in an advisory thecompany says. Andrew Hede, Crescent’s chief restructuring has beennamed CEO. “We have been in activr discussions with our lenders and other stakeholders as we work towards an agreemen t that will bring our capital structure in line with the currenteconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assetes are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmontf Row and The Sanctuary atLake Wylie.
Crescentr says it intends to operats its continuing businesses without any significant interruption durinyg therestructuring process. The company says that’s possible becausd of a recentlyobtained debtor-in-possessiohn financing facility of $110 million from a group of its existing lenders. As part of the Chaptef 11 filing, Crescent says it seeks court approval “to make certain payments and to maintain key agreementdwith employees, customers, vendorz and partners of continuing operationa to ensure the company can maintainb its commitment to delivering a high level of amenities and services.
” Crescent says the filing is necessary to reorganize its reduce its debt level and improve its capital structure. “We intend to reach an agreement on our new capital structure and emerge frombankruptcgy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptc y Court in the Western Districtof Texas, Austi n division. The company has 120 days from the filinf date to submit areorganization plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorneyh Eric Taube of LLP in Austin, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co.
, and are among Crescent’z largest unsecured creditors in Charlotte. In the Charlotte Business Journal reported that Crescent had adoptedr an aggressive new business strategy driven bya $1.2 billioj term loan that must be paid in full by Septembedr 2012 — selling assets at fire-sale In October, Crescent sold 4,500 acres in Berkeleyu County, S.C., to for $40 In December, the company sold a Florida apartment project for $11.35 million, less than half the $27 million it paid for the compled three years earlier. This year, the firm has closed on the sale ofa 773-acre tract of land in Oconee County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousinb company for $1.6 million. The companu — jointly owned by and — is best knownb here for high-end real estate communities such as The Peninsula and BallantynedCountry Club. Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
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