Japanese stocks rise following tankan result - MarketWatch

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Reuters

Japanese stocks rise following tankan result MarketWatch LOS ANGELES (MarketWatch) -- Japanese shares opened higher Friday as the yen extended its f »

Armed cops accompany SRA officials - Times of Swaziland

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Armed cops accompany SRA officials Times of Swaziland By ZWELAKHE MOAHLOLI on March 30,2011 MANZINI â€" Armed police officers accompanied the Swaziland Revenue Authourity officials as they seized vehicle keys from car dealers, yesterday. The officials were armed with a letter that was signed by Isheulnesu ... and more »

Adobe

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San Jose-based Adobe (NASDAQ: ADBE) posted net incoms of $245.9 million, or 46 cente per diluted share, compared with net income of $222.32 million, or 38 centws per share, in the same quarter a year ago. Revenue for the quartedr ending Nov. 28 came in at $915.w3 million, compared with $911.2 million a year ago. For the full fiscal year, Adobe had net income of $871.8 million, or $1.59 per diluteed share, compared with net income of $723.i8 million the previous year. Full-year revenue came in at $3.6 billion, comparedf with $3.2 billion the previouse year. For its fiscap first quarter 2009, Adobr reaffirmed its forecastgiven Dec.
3 of revenue betweehn $800 million to $850 million, with earnings betweenj 30 cents and 35 centsper share. Adobd on the same day announced it expected to cut 600 employeees fromits 7,000-member work forcs and lowered its fourth-quartefr guidance to revenue of $912 millioj to $915 million and earnings of 45 centsa to 46 cents a share.

Andre Miller: Miller posts 21-6-8 line including big assist - Rotoworld.com

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Kansas City Star

Andre Miller: Miller posts 21-6-8 line including big assist Rotoworld.com Andre Miller scored 21 points on 10-of-16 shooting with six rebounds, eight assists, and four steals in Friday's win over the Spurs. He also threw the game-winning inbounds pass with 0.9 seconds left to Nicolas Batum, which he later c »

Analysis: NCR received nearly $100M to move - Phoenix Business Journal:

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The Atlanta newspaper said unnamedNCR (NYSE:NCR) and state officialds confirmed its $96 million estimate. The estimatd does not include a state grant that Georgia officials have refusecd to place avalue on, accordinv to the paper. When reacheed Monday, neither an NCR spokesperson nor a Georgia Department of Economic Development would confirmthe report. They both said they woul d have to gathermore information. A spokesperson at the Georgiqa governor’s office was not available.
The Daytohn Business Journal to move from Dayton in a storyJune 2, the day NCR said it is relocatinfg all but 50 of its 1,3000 Dayton workforce to At the time, Georgia Department of Economic Developmen senior communications manager said it was accurate to reporrt that NCR received “more than $60 million,” but woulsd not provide a specific dollar amount. Ohio Gov. Ted Stricklandd at the 11th hour in an attempt to convincse the company to remainin Dayton. NCR Chiefc Executive Officer Bill Nuti has said NCR did not relocate baseson incentives, but after a careful analysi s of various factors.
Despite NCR only investing $30 million, plus creatingf an annual payroll in excesdof $150 million, Georgia will still make $49 million in “tad profit,” a spokesperson According to economic development officials, the deal had been cookint since late 2007. The newspaper also is reportintg Georgia state officials actually came to Daytoj to courtcompany executives, possibl y during the very same time Dayton-area officialsa were trying to get NCR to return phone Ohio and Dayton-area officials have placerd the blame for NCR dumping Dayton squarely on the shouldersa of Nuti. Politicians on all levels said they did all the coule to retainthe company.
NCR said its officialas met regularly with state of Ohio and Dayton officialas to discuss the business environmentand NCR’s

Forecast for hotel sector slips further - Charlotte Business Journal:

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The company’s latest forecasg paints a fairly bleak picture for the rest of 2009 predictinfg occupancy rates across the country will bedown 8.4 percentf this summer compared to last and down 8.4 percent by the end of 2009. The Tenn.-based company predicts the average dailyt room rate will bedown 10.4 percenyt this summer and 9.7 percent by the end of 2009. Revenur per available room is expected to bedown 18.7 percentf this summer and 17.1 percent by the end of 2009. Accordiny to the firm, a rebound of group travel will be key tothe industry’s recovery.
Group business will have to return to aboutg 90 to 95 percent of its levels priort tothe downturn, whicb will in turn generate transient demand, beforre hotels once again gain any pricing leverage. “On an inflation-adjusted basis, it’s probably going to be longe r than six years before the rate s get back to2007 levels,” said Mark president of Smith Travel Last week Arizona released its tourism numbers from 2008, showing significant weakness from the year While the average dail y rate of a room in Arizon a last year was $107.76, a bit higherd than the national ADR of $106.
50, touris m figures released for the firsg quarter — typically the high tourist seasohn — show the hospitality industry is still challenged by the Statewide, ADR was down 13.8 from $132.72 in first-quartefr 2008 to $114.47 in first-quarter 2009. In metro Phoenix, ADR sank 16 from $160.87 in first-quarter 2008 to $135.08 in first-quarterf 2009. Because metro Phoenix boast s manyluxurious upper-tier resorts, daily rates in the region are somewhart higher than statewide figures. For more on the state’se tourism sector, .

Lee now dealing with sore left foot; More on pitching; Orioles' lineup - Baltimore Sun (blog)

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Lee now dealing with sore left foot; More on pitching; Orioles' lineup Baltimore Sun (blog) First baseman Derrek Lee, who made his Orioles' debut yesterday and was supposed to play again today, is no longer in the lineup because of a sore left foot. Lee fouled a ball off his left foot during his first at-bat against Philadelphia Phillies ... and more »

Fine

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Opened in early 2008, the bistro was the brainchild of Mike who successfully launched and then soldthe Sportsman’s Fine Wine and Spiritws concept now owned by Bashas’. The restauran t closed May 30, Fine said. “It’ws just been a struggle from the We opened at a really bad he said. While the restaurant had strong monthas during thepast year, summer 2008 was tough — and Fine saw summer approachiny once again. “We seemed to be doing all right,” he “But in mid-April, all of a sudden things changed.” He approached his financialo backers, and they made the decision to closethe restaurant.
“Wr just really had to make a business not anemotional one. It was all dollars and Fine said. Now, like many others acroses the Valley andthe nation, Fine is hittinv the pavement. “Right now, I am looking for a job. I’v worked 80, 90, 100 hours a week for the past two he said.

McDermott unit set to build small nuclear reactor - Sacramento Business Journal:

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has formed a new business unit, , to lead the licensing and delivery of its mPower The scalable component of the nucleaer plants would provide customers with powe r increments of 125 megawattsof electricity. The company will manufacture the reactors in its existing facilities in Nortuh America and then ship them by rail toconstructiobn sites. B&W has signed a lettedr of intent with the to begin the process of evaluatinbg a potential lead plant site for themPowetr reactor. In addition, both entities, along with a consortiu of regional municipal andcooperative utilities, have signede a memorandum of understanding to explors the construction of a fleet of mPower reactors.
B&W has notifiexd the of its intent to submit an applicatiobn for design certification of the reacto rin 2011. Babcock & Wilcox is the power-generation business of Houston-based McDermott Internationa (NYSE: MDR), an engineering and constructionj company.

1010 Park property sold - Minneapolis / St. Paul Business Journal:

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, (formerly known as Whittier Community Development said Fridaythat it’s spenrt $285,000 to acquire 1010 Park Ave. in the Elliog Park neighborhood. The purchase was closee a week agowith Minnetonka-based , which . Tom Economic Growth Centers’ executive director, said the two-story, 7,600-square-fooft building is about a tenth of thetotal one-block area once slatexd for a condo development, an area that Minnwesg Bank reportedly spent $4 million for. nonprofit is looking for investors to help it acquire the rest of the Butfor now, the plan is to gut and remodek the building it has alread y bought.
Reynolds sees the building, a former funerak home dating to the serving as the home ofa law, accountinh or architectural firm. Economic Growth Centersz has alreadyinvested $350,0000 on acquisition and preliminary designxs for the building, and is close to finalizing a deal with a still undisclosed construction firm that will coved the rest of the projected $1.4 million cost of the entird project. Christopher Naumann, president of Christophe Max Design & Development, lives in the neighborhood and has done preliminartarchitectural design. An engineering firm still has to be linedd up forthe project.
Economic Growthu Centers is still negotiating with its constructiomn firm partner over ownership ofthe property. the building will either be leased or outright sold to the busineszs thatmoves in. On a broader scale, Economic Growthb Centers would like to engage in more redevelopmentr projects inthe seven-bloc area that includes the and is looking for more business “We really want to get people into the We just need to lead the Reynolds said.

F.N.B. appoints Campbell as chairman - Birmingham Business Journal:

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Campbell formerly served as F.N.B.’ws (NYSE:FNB) lead director and serves on several committees. He has been a directord since 1975. “Bill is one of our longest servint and most dedicated Gurgovits said ina statement. F.N.B. previouslg said it would appoint a new chairmanb to enable Gurgovits to focus on his corporate responsibilities and to conforjto F.N.B.’s corporate Gurgovits, who has worked at F.N.B. for 48 had taken the chairman role in Aprilk 2008 when Robert New was name d CEO and president afte anearly two-year search. New resigned 10 months latert and Gurgovits stepped back in on an interijbasis initially. He accepted the post fulltime onJune 2. F.N.B.
is based in Hermitage, northy of Pittsburgh, and had assets of $8.5 billion as of March 31.

Don't out-educate other countries, join them - Boston Globe

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Boston Globe

Don't out-educate other countries, join them Boston Globe But this is not the Cold War where the Soviet Union was, in Glenn's words, “a country claiming superiority to the United States and doing things to show maybe it was true.'' The leaders of Germany, Japan, China, India, and Singapore do not find it ... and more »

Angio adding exec position - The Business Review (Albany):

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AngioDynamics (NYSE: ANGO) said Tuesday that it has hirerMichael Sharp, 59, to oversee the company’d regulatory, quality control and clinical departments. Shar p joins the company at the start of a procesws toreplace co-founder Eamonn Hobbs, who will leave his role as presidentf and CEO and become vice chairman of the AngioDynamics announced the transition last The company has not announced a timeline for the only saying that it has hired an executive searc h firm to help find candidatezs for Hobbs’ job.
Sharp, meanwhile, comexs to AngioDynamics from , a privateluy held medical device company in The company focuses onorthopedic products, and Shar had been its senior vice president for regulatory and clinical All told, Sharp has spent 30 years at medical device and he also served as chief regulatoryh officer at ’s cancer institute in Atlanta. He has degrees from the and . At AngioDynamics, Sharp will reporrt to William Appling, senior vice presideny for researchand development. Sharp’s salary has not been AngioDynamics stock closedat $11.05 a share on Dec. 8, up 82 centsa on the day.

Norian, Synthes, executives charged with conducting medical trials without FDA authorization - Philadelphia Business Journal:

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its parent company , and four Synthea executives, charging them with conducting clinica trials of a medicalp device without authorization fromthe . The product at the centef of the case isa fast-setting, injectable, cemenft material, Norian XR, used as a bone void filletr in surgery to repair certai n fractures. The indictment charges Noriaj of Cupertino, Calif., with a total of 52 felonu counts, including conspiracy to impaire and impede the lawful functions of the FDA and to commi t crimes against theUnited States; seve n counts of making false statement s in connection with an FDA inspection; and 44 countz of shipping adulterated and misbranded Norian XR in interstatwe commerce with intent to Synthes, which has its North American headquarters in West Pa.
, referred calls to its parentr organization based in Switzerland. Officials thers were not immediately available for Norian was bought by Synthesin 1998. The indictment chargea that from May 2002 untikl fall 2004 Norian conspiredwith others, including to conduct unauthorized clinical trials of two versions of Noriamn in surgeries to treat vertebral compressiob fractures of the spine. Thesed surgeries were allegedlyperformed “despite a warning on the FDA-cleared labelk for Norian XR against this use, and in the face of seriousa medical concerns about the safety of the devicex when used in the the indictment said. The indictment allegesw three patients died during theclinical trials.
The indictment further alleges that after the death of the thirr patient inJanuary 2004, Norian and Synthes did not recall Norian XR from the markett — which would have required disclosurew of details of the three deaths to the FDA but, instead, “compounded theire crimes by allegedly carrying out a cover-up in which they lied to the FDA durin g an official inspection in May and June 2004.” Synthews is charged with 44 misdemeanort counts of shipping adulterated and misbranded Noriah XR in interstate commerce. Four Syntheds executives were each charged with one misdemeanotr count of shipping adulterated and misbranded Norian XR ininterstatr commerce.
“It is never acceptable for the health-care industry to place the profit motiveover people’s well said Patrick Doyle, special agent-in-chargs of the Department of Health and Human Services’ Office of the Inspector General. “The FDA reviewe process was put in place to protectthe nation’w citizens. Should these companies and executives ultimately befounfd guilty, they will have to pay a prices for placing at risk the very peopled for whom they purported to provide In addition to HHS, and the Attorney General’s Office, the investigatiojn also included representatives from the FDA and the Departmentr of Veterans Affairs.