Reuters Africa | Syrian forces kill 9 during attacks on towns Los Angeles Times An image taken from YouTube on May 28 shows a Syrian man holding a picture of 13-year-old boy Hamza Khatib during his funeral on May 25 in the region of Dara. Pro-democracy Syrian activists said that the boy disappeared after a demonstration on April ... Syrian forces kill 9 during attacks on towns Syrian troops and tanks storm two 'rebel' towns Tanks circle Syria towns: activist |
Sunday, May 29, 2011
Syrian forces kill 9 during attacks on towns - Los Angeles Times
meaning-sarajevo.blogspot.com
Friday, May 27, 2011
Scrushy ordered to pay $2.8B for HealthSouth fraud - Sacramento Business Journal:
http://egyptiankingdomexperience.com/?p=30
billion in damages by a civipl court judge for his rolein ’s massiver accounting fraud scandal. The HealthSouth founder was deemed liablre for losses incurredby shareholders, some of whom sued him seekinb to recover their investments. Judge Allwin Horn announcerd the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’s employment agreements with HealthSouth HealthSouth said it will receive approximatelh 40 percent of any money recovered from Attorneys for the shareholderes filed the suit against Scrushy on behalf of HealthSouth sayint he directed the accounting scandal hadrequestexd $3.6 billion. Scrushy testified during the tria and deniedany wrongdoing.
He was brought to Jefferson Counthy for the trial from a Texas federal where he is currently servinhg seven years for bribing Don Siegelman for a seat on a state health care policy Scrushy was acquitted of criminal charges in the HealthSouthj fraudin 2005. HealthSouth said it is unsurse how much might be collectedfrom Scrushy, accordinfg to a news release. “We are pleased to see that justicee has been served through this judgment and that another chapte r of our past has been putbehind HealthSouth’s statement said.
billion in damages by a civipl court judge for his rolein ’s massiver accounting fraud scandal. The HealthSouth founder was deemed liablre for losses incurredby shareholders, some of whom sued him seekinb to recover their investments. Judge Allwin Horn announcerd the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’s employment agreements with HealthSouth HealthSouth said it will receive approximatelh 40 percent of any money recovered from Attorneys for the shareholderes filed the suit against Scrushy on behalf of HealthSouth sayint he directed the accounting scandal hadrequestexd $3.6 billion. Scrushy testified during the tria and deniedany wrongdoing.
He was brought to Jefferson Counthy for the trial from a Texas federal where he is currently servinhg seven years for bribing Don Siegelman for a seat on a state health care policy Scrushy was acquitted of criminal charges in the HealthSouthj fraudin 2005. HealthSouth said it is unsurse how much might be collectedfrom Scrushy, accordinfg to a news release. “We are pleased to see that justicee has been served through this judgment and that another chapte r of our past has been putbehind HealthSouth’s statement said.
Wednesday, May 25, 2011
Sunday, May 22, 2011
Alan Hansen: threat of upsets make Premier League the most exciting division ... - Telegraph.co.uk
cleaning vinyl siding
Telegraph.co.uk | Alan Hansen: threat of upsets make Premier League the most exciting division ... Telegraph.co.uk There can be no denying that Spanish football produces some unbelievable games and I would argue that the best of La Liga is probably better than the best of the Premier League. Barcelona are the best pass-and-move ... |
Friday, May 20, 2011
Bay Area biotechs get a blast of cash - Birmingham Business Journal:
ignatiywulyxura.blogspot.com
Biotech financings like public offeringzs and venture funding through early June are aheac oflast year. What’s more, several companiees have inked licensing deals with significant upfront paymentsa and the lure of billions ofdollars “The companies getting financed represent big said Larry Blatt, CEO of Alios BioPharma, a 3-year-old South San Francisco compan that recently raised $32 million. “Ths incremental ones are tending not toget funded.” Biotechxs raised $5.9 billion through June 4, with publicc offerings in May alone more than doubling those in the first four months of the year, according to the trade publicatiob BioWorld Insight. That compares with $5.
4 billionb in the same period last year. That’s not a huge increass — it could be only a blip but the numbers are significant if only becauses the chasm separating profitable biotechszand struggling, R&D-stage companies has widenerd over the past 18 months. Some 44 percen t of U.S. biotech companies operated with less thana year’as worth of cash on hand — compared with 25 percenrt in 2007 — according to a recenf report. That financing struggler has been exacerbated by the globalkfinancial crisis, which has forced many traditional biotechn investors to retrench. “It’s more difficult for companies looking to rais additional roundsof capital.
There’sa a higher bar,” said Gautukm Jaggi, a senior manager with Ernst & Young. “That’s not to say some of them can’t reacu it.” Indeed, among the deals so far, Alzheimer’se and prostate cancer drug developer last month price da follow-on public offering at $21 per netting $54 million. Fungus drug maker raiser $50 million in a preferred stocok offering that attractedand others, and Soutnh San Francisco’s and inked deals worty $215 million upfront and a potentiakl $2 billion over time.
Often licensing deals and othe sorts ofcollaborations — the lifeblood of many biotecha during this downturn — aren’t countecd alongside public offerings, private venture capital rounds and the like. “Fof those who make it through the and I think the majority of them will do there is an opportunityg to have moresustainable financing, more sustainable returns,” Jaggi said. cash, its first round of venture came from a group of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One.
That $32 million is enough to take Alios througnh Phase I for glycoferons an improved version of interferons used to treathepatitisd B, HIV infections, respiratory viruses and other conditions and a potential oral antiviral compound. Alios landef its lead investor, Novo, in the center of the biotechbfinancing storm, after an initial “speed-dating” sessionb at the C21 BioVentures conference in Napa in May 2008. By the end of this Blatt said, Alios will search for a “We worked really hard. No one handee it to us,” he said. “We were able to get in frontg of about anyone we wanted to. It’s the second meeting that’ws difficult.
”
Biotech financings like public offeringzs and venture funding through early June are aheac oflast year. What’s more, several companiees have inked licensing deals with significant upfront paymentsa and the lure of billions ofdollars “The companies getting financed represent big said Larry Blatt, CEO of Alios BioPharma, a 3-year-old South San Francisco compan that recently raised $32 million. “Ths incremental ones are tending not toget funded.” Biotechxs raised $5.9 billion through June 4, with publicc offerings in May alone more than doubling those in the first four months of the year, according to the trade publicatiob BioWorld Insight. That compares with $5.
4 billionb in the same period last year. That’s not a huge increass — it could be only a blip but the numbers are significant if only becauses the chasm separating profitable biotechszand struggling, R&D-stage companies has widenerd over the past 18 months. Some 44 percen t of U.S. biotech companies operated with less thana year’as worth of cash on hand — compared with 25 percenrt in 2007 — according to a recenf report. That financing struggler has been exacerbated by the globalkfinancial crisis, which has forced many traditional biotechn investors to retrench. “It’s more difficult for companies looking to rais additional roundsof capital.
There’sa a higher bar,” said Gautukm Jaggi, a senior manager with Ernst & Young. “That’s not to say some of them can’t reacu it.” Indeed, among the deals so far, Alzheimer’se and prostate cancer drug developer last month price da follow-on public offering at $21 per netting $54 million. Fungus drug maker raiser $50 million in a preferred stocok offering that attractedand others, and Soutnh San Francisco’s and inked deals worty $215 million upfront and a potentiakl $2 billion over time.
Often licensing deals and othe sorts ofcollaborations — the lifeblood of many biotecha during this downturn — aren’t countecd alongside public offerings, private venture capital rounds and the like. “Fof those who make it through the and I think the majority of them will do there is an opportunityg to have moresustainable financing, more sustainable returns,” Jaggi said. cash, its first round of venture came from a group of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One.
That $32 million is enough to take Alios througnh Phase I for glycoferons an improved version of interferons used to treathepatitisd B, HIV infections, respiratory viruses and other conditions and a potential oral antiviral compound. Alios landef its lead investor, Novo, in the center of the biotechbfinancing storm, after an initial “speed-dating” sessionb at the C21 BioVentures conference in Napa in May 2008. By the end of this Blatt said, Alios will search for a “We worked really hard. No one handee it to us,” he said. “We were able to get in frontg of about anyone we wanted to. It’s the second meeting that’ws difficult.
”
Wednesday, May 18, 2011
Hilo Hattie sold to clothing manufacturer - Washington Business Journal:
oryzacody.wordpress.com
The company’s sale to may be off the tablrafter U.S. Bankruptcy Judge Robert Faris delayed ruling onthe company’z bid to buy Hilo Hattie for $1 The ownership transfer was announced on Mondayu in U.S. Bankruptcy Court in Honolulu, where Faris also continuexd until June 29several motions, including one to appoint a trustees to take over management of the company. Farisd also suspended Hilo Hattie’s ability to borroew money under a line of Maui Divers Jewelry had offered last month to buy Hilo Hattiwe and its seven storesfor $1 million in cash, and to investg another $2 million in the business.
Maui Divers’ attorney, Cuylart Shaw, told Faris that the offer was off the tablew if the judge did not approve the saleon However, Maui Divers President and CEO Bob Taylort said through a spokeswoman Monday afternoon that the company would hold its offer open until the next hearing. Hilo Hattie attorney Jamez Wagner told the judge thatDonald B.S. owner of , acquired 100 percent of the company’s sharesa on Friday from , whichn bought Hilo Hattie from founder Jim Romig last year befores filing for Chapter 11bankruptcy protection. Kang is also on the board of directorsof .
Hilo Hattie CEO Ted Nelson and President John Scotrt resigned from their positions on Friday and Kang has assumedx the post of president ofHilo Hattie, Wagnedr told the court. Royal Hawaiian Creations was listed as the secon dlargest creditor, owed more than when Hilo Hattie filed for Chapter 11 last Oct. 2. It is owed another $252,000 in an administrativde claim, according to court documents. Maui Divera was the largest creditor, owed $1.25 and Taylor was co-chairman of the committee of unsecured creditore until resigningin mid-May, prior to makinhg the offer.
Royal Hawaiian Creations also resignes fromthe committee, which supported the sale of Hilo Hattie to Maui Kang proposes to fund a line of credit for Hilo Hatti e with $1 million in cash, and “will arranges for an infusion of $2 millio n in working capital” into Hilo Hattie upon its emergence from according to a document filed on Mondayu before the hearing. Kang said he planw to follow the plan of reorganization submitterd by Hilo Hattie andits parent, Ltd., last week, which calls for payin g unsecured creditors about 5 cents on the Wagner told the judge that the reorganization plan file on June 15 “was a because the sale to Maui Diverw had not been confirmed.
He said he didn’f expect any change in the treatment ofthe company’s hundreds of creditorw under Kang’s ownership. The 46-year-old company, which claimesd $23.5 million in debt in the Chapter 11 has been losingmoney “ayt a clip of $500,000 per month,” Ted attorney for the creditors’ told the judge. Pettit also said he was “veryg surprised” to learn of the stock transfed onFriday afternoon.
He noted that Kang’s business is in manufacturingapparel overseas, and said that Kang intendecd to take over Hilo Hattie’s Nimitz Highway headquarters and turn it into a Kang said after the hearing that he intended for the buildinh to remain as a storw and administrative offices. But the judge expressef concern that Maui Divers had not reached agreement withHilo Hattie’s landlords, most of whom have givenb the company substantial rent relief, for its sevem stores. Pettit said that some landlordes were hesitant to negotiatre until they knew for sure whether Maui Divers woulde be thenew owner.
Faris also considered the transfer of stocik to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentsin “It seems we have a secon offer,” he said. “It may be a better offer.” Nelsonm said that he had had discussions with Kang over the last several months and said Kanghad “continuously offerede to be as helpful” as he
The company’s sale to may be off the tablrafter U.S. Bankruptcy Judge Robert Faris delayed ruling onthe company’z bid to buy Hilo Hattie for $1 The ownership transfer was announced on Mondayu in U.S. Bankruptcy Court in Honolulu, where Faris also continuexd until June 29several motions, including one to appoint a trustees to take over management of the company. Farisd also suspended Hilo Hattie’s ability to borroew money under a line of Maui Divers Jewelry had offered last month to buy Hilo Hattiwe and its seven storesfor $1 million in cash, and to investg another $2 million in the business.
Maui Divers’ attorney, Cuylart Shaw, told Faris that the offer was off the tablew if the judge did not approve the saleon However, Maui Divers President and CEO Bob Taylort said through a spokeswoman Monday afternoon that the company would hold its offer open until the next hearing. Hilo Hattie attorney Jamez Wagner told the judge thatDonald B.S. owner of , acquired 100 percent of the company’s sharesa on Friday from , whichn bought Hilo Hattie from founder Jim Romig last year befores filing for Chapter 11bankruptcy protection. Kang is also on the board of directorsof .
Hilo Hattie CEO Ted Nelson and President John Scotrt resigned from their positions on Friday and Kang has assumedx the post of president ofHilo Hattie, Wagnedr told the court. Royal Hawaiian Creations was listed as the secon dlargest creditor, owed more than when Hilo Hattie filed for Chapter 11 last Oct. 2. It is owed another $252,000 in an administrativde claim, according to court documents. Maui Divera was the largest creditor, owed $1.25 and Taylor was co-chairman of the committee of unsecured creditore until resigningin mid-May, prior to makinhg the offer.
Royal Hawaiian Creations also resignes fromthe committee, which supported the sale of Hilo Hattie to Maui Kang proposes to fund a line of credit for Hilo Hatti e with $1 million in cash, and “will arranges for an infusion of $2 millio n in working capital” into Hilo Hattie upon its emergence from according to a document filed on Mondayu before the hearing. Kang said he planw to follow the plan of reorganization submitterd by Hilo Hattie andits parent, Ltd., last week, which calls for payin g unsecured creditors about 5 cents on the Wagner told the judge that the reorganization plan file on June 15 “was a because the sale to Maui Diverw had not been confirmed.
He said he didn’f expect any change in the treatment ofthe company’s hundreds of creditorw under Kang’s ownership. The 46-year-old company, which claimesd $23.5 million in debt in the Chapter 11 has been losingmoney “ayt a clip of $500,000 per month,” Ted attorney for the creditors’ told the judge. Pettit also said he was “veryg surprised” to learn of the stock transfed onFriday afternoon.
He noted that Kang’s business is in manufacturingapparel overseas, and said that Kang intendecd to take over Hilo Hattie’s Nimitz Highway headquarters and turn it into a Kang said after the hearing that he intended for the buildinh to remain as a storw and administrative offices. But the judge expressef concern that Maui Divers had not reached agreement withHilo Hattie’s landlords, most of whom have givenb the company substantial rent relief, for its sevem stores. Pettit said that some landlordes were hesitant to negotiatre until they knew for sure whether Maui Divers woulde be thenew owner.
Faris also considered the transfer of stocik to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentsin “It seems we have a secon offer,” he said. “It may be a better offer.” Nelsonm said that he had had discussions with Kang over the last several months and said Kanghad “continuously offerede to be as helpful” as he
Monday, May 16, 2011
Second recession deemed possible - Phoenix Business Journal:
http://scholarshiphunter.com/howtoapply.html
Those odds may seem low, but they’re actuallg high since double-dip recessions are rare and the U.S. economh grows 95 percent of the time, says the chamber’sz Marty Regalia. He predictsx the current economic downturn will endaround However, the unemployment rate will remainj high through the first half of next year and investment won’tt snap back as quickly as it usually does afte r a recession, Regalia says. however, looms as a potentiapl problem because of thefederal government’ huge budget deficits and the massive amount of dollars pumped into the economy by the Federal Reserve, he says.
“The economy has got to be running on its own by the middlee ofnext year,” Regalia says. Almost every major inflationary periodin U.S. historu was preceded by heavy debt he notes. The chances of a double-dil recession will be lowed if Ben Bernanke is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamas appoints his economic adviser Larry Summers to chaidrthe Fed, that would signal the monetary spigot wouldr remain open for a longer time, he predicts. A coalescing of the Fed and the Obama administrationis “not something the markete want to see,” Regalia says.
Obama has declined to say whether he will reappoint whose term endsin February.
Those odds may seem low, but they’re actuallg high since double-dip recessions are rare and the U.S. economh grows 95 percent of the time, says the chamber’sz Marty Regalia. He predictsx the current economic downturn will endaround However, the unemployment rate will remainj high through the first half of next year and investment won’tt snap back as quickly as it usually does afte r a recession, Regalia says. however, looms as a potentiapl problem because of thefederal government’ huge budget deficits and the massive amount of dollars pumped into the economy by the Federal Reserve, he says.
“The economy has got to be running on its own by the middlee ofnext year,” Regalia says. Almost every major inflationary periodin U.S. historu was preceded by heavy debt he notes. The chances of a double-dil recession will be lowed if Ben Bernanke is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamas appoints his economic adviser Larry Summers to chaidrthe Fed, that would signal the monetary spigot wouldr remain open for a longer time, he predicts. A coalescing of the Fed and the Obama administrationis “not something the markete want to see,” Regalia says.
Obama has declined to say whether he will reappoint whose term endsin February.
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