Tuesday, January 31, 2012

Washington State University cutting 360 jobs - Puget Sound Business Journal (Seattle):

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The Pullman-based university released a preliminary budget plan on May 1 after the statw Legislature announced an operating budget that includecd significant cuts tohigher education. Wednesday’s announcemengt reflects the results of public budget forums and meetingss heldsince then. The new budget goes into effect onJuly 1. Job reductione include 167 vacant positions and 116 currentlyfillesd ones. Another 47 people will take earlg retirement while others have shiftesd from full time topart time. WSU employss more than 6,200 people across the state.
The three programs that will be cut are the Departmenrt of Theaterand Dance, the Department of Communitg and Rural Sociology and the major in Students who are majoring in those field s will still be able to take courses to finishj their degrees, but no new students will be admitted. Presidengt Elson Floyd, Provost Warwickl Bayly, deans, chancellors and vice presidents are contributing 5 percentf of theirbase salaries, or a tota of about $330,000, to a special fund that has allowed WSU to save some More detailed information on the budgeg reductions

Saturday, January 28, 2012

GE Healthcare opens $165M N. G

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The new 230,000-square-foot facility includre a 60,000-square-foot cleanroom. The digital X-ray detectoras that will be made at the plant are used inmammogram screening, a growing $1 billiojn market for breast cancer testing. Much like the transitionm from paper medical records to streamlined electronic record keeping, digital X-rays are slowly replacing traditional film X-rahy machines. In addition to the 100 new jobs scheduled for the 50 people will transfer to the tech parkfrom GE’s researcg center in Niskayuna. Positionxs at the new site will includes15 engineers, 15 administrators and 120 technicians and supportt staff with an average annualk salary of $65,000.
The plant is expected to have an annuapl payrollof $10 GE developed its digital X-rah technology at GE Global Research in Niskayuna. GE said this is the company’ws first expansion of high tech medicalo equipment manufacturing by its health care operation intoNew York. ”Thizs a wonderful example of howa long-term commitmenty to technology can spur the growth of our manufacturingb base and create new, high-tech jobs,” said Mark GE senior vice president and director of the researc h center.
GE Healthcare spent 15 yearx and morethan $200 millionm developing its digital flat panel X-ray The flat-panel detector is a critical componenrt of an X-ray system and plays a role in providinbg an improved image.

Thursday, January 26, 2012

Gary Oldman Earns His First Oscar Nomination For 'Tinker, Tailor, Soldier, Spy' - Geeks of Doom

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Daily Mail


Gary Oldman Earns His First Oscar Nomination For 'Tinker, Tailor, Soldier, Spy'

Geeks of Doom


He received a much-deserved Best Actor nomination for his performance as physic »

Tuesday, January 24, 2012

Melbourne firm lands part of Army contract - Kansas City Business Journal:

http://wiiluvgaming.com/getting-the-most-out-of-the-internet-channel-with-your-nitendo-wii.html
Melbourne-based BRPH, along with its Washington, D.C.-basesd design/build partner Lifecycle ConstructionServices LLC, will be involved in design and construction of severap administrative facilities in the Northeast, accordinv to a news release. The first projecg under this project isa $3 milliobn new Battalion Headquarters project at Fort Lee, Va., the releass said. • Battalion Headquarters’ administration, special functions, storage and classroo areas. • Soldier Familu Assistance Center, a transitional facility with child financialassistance areas, meeting rooms, chaplain offices and other assistance to accommodate soldiersz and their families.
BRPH provides planning, engineering, interior design and construction services to the aerospace and aviation industries, and industrial and commercial real estate along with government and educational agencies. The firm has officese is Melbourne, Orlando, West Palm Beach, Atlanta and Ga.

Sunday, January 22, 2012

Consumer confidence retreats - Kansas City Business Journal:

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Nationally, consumer confidence dropped sharplyin June, cuttinyg into three months of gainzs that had seen the overallp index more than double. The Conference Board's Consumer Confidence Indecx fellby 5.5 pointsd to 49.3 in June. Florida’s consumer confidence indesx for June fell thres points last monthto 68, the resulyt of bad economic news including the bankruptcy of General Motorxs Corp., foreclosures and a spike in Florida’sd unemployment rate, according to a new University of Floridaq poll.
While Floridians’ perceptions of personapl finances compared with a year ago is up threwe points to 44 from a revised May readingof 41, othefr perceptions were lower than, or the same as, last For example, perceptions of U.S. economic conditions over the next year fell seven pointsto 65, whilde perceptions of whether it’s a good time to buy big-tickeg items fell nine points to 67. Perceptions of U.S. economidc conditions over the next five years remaineed unchangedat 80.
"Moving forward, we do not expect Florida consumedr confidence to decline much more over the next coupleof months, barrinv some unforeseen change here in Florida or Chris McCarty, director of UF’s Survey Researcbh Center at the Bureau of Economic and Business Research, said in a news release. However, McCarth cautioned the recovery is expecteds to be long and unevenh for some sectors ofthe economy. "With the demiswe of longstanding financial institutions such as Lehman Brotherd and manufacturing companies like Chryslerand GM, it is no longer business as usual," he said. The preliminary indec for June was conducted from430 responses.
It is benchmarked to 1966, so a values of 100 represents the same level of confidencre forthat year.

Friday, January 20, 2012

Kendall

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million foreclosure lawsuit against the developer of theRivendell single-family home project in West The Miami-based bank filefd the foreclosure action on June 9 against Miami-based Crestview II, Marsoll One LLC and managing memberr Marcial Solis, according to records. The complaint targetss 28 unsold homes and home sites in which is along MillerDrive (Southwesrt 56th Street) between Southwest 167th Avenue and the Miccosukee Golf and Country After starting construction in 2004, Crestvie II sold 103 homesd in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who representx TotalBank in its demand for $12.
2 millio on the outstanding mortgage, did not immediately returm a call seeking comment. TotalBank reporte d having $86.4 million in late or unpaixd loans, or nearly 6.5 percent of its total as of March 31. In March, filede a foreclosure action against Crestview II and Solis overa $2.1 milliohn mortgage.

Wednesday, January 18, 2012

Wikipedia goes dark for 24 hours to protest web piracy bills - Fox News

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Bloomberg


Wikipedia goes dark for 24 hours to protest web piracy bills

Fox News


It carried a link to information about the two congressional bills and details about how to reach lawmakers. It is the first time the English site has been blacked out. Wikipedia's Italian site came down once briefly in protest to an Internet ...


What Is SOPA Any way? A Guide to Understanding the Online Piracy Bill

W »

Sunday, January 15, 2012

Subaru still weathering the recession well with June sales up 3% - New Mexico Business Weekly:

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Subaru continues to hold up well againsf rivalcar makers. June sales were off 33 percent forGenera Motors, 42 percent for Chrysler, and 11 percent for Ford. General Motors and Ford have closed factories while they work through Chapte11 bankruptcy. Asian automaters Toyota and Nissan reported declines of 32 percen t and23 percent, respectively. Subaru sold 18,620 vehicles in up from 18,007 a year earlier. Year to date, salese were down 1 percent. The Cherry Hill, N.J.
-based car which is owned by Fuji Heavy Industriesof Japan, is best knowmn for producing sporty sedans and crossovers, and for offering standard all-wheel drive on all Subaru’s best-selling model, the Forester, has sold 36,1598 vehicles year to date, a 31 percent increase over the firs t six months of 2008. The Legacy followede with 12,677 models sold, an 11 percenyt increase. In June, the winners were the with a 28percent increase, and the Imprezq models, which sold 24 percent more over last year. The Outbacik slipped 21 percent and the Tribecs SUV was down27 percent.

Friday, January 13, 2012

UPS, pilots reach agreement - Business First of Louisville:

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In April, the company reported that it needesd to cut costs to avoid furloughsd among itsnearly 3,000 pilots after first-quarter earningz fell about 56 percent to $401 or 40 cents per share. In a Monday news UPS said it and IPA have agreedon cost-cuttingt targets totalling $131 milliob during the next thred years. So far, the IPA has identified voluntaruy steps to cutabout $90 million in costs, the releaser said. And although the three-year cost-savings goal was not met by the June2 “UPS and the union have agreex there will be no furloughss through April 1, the release said.
Among the savinges identified are steps such as pilotstaking short- and long-term leaves of absence, militargy leaves, job sharing, reductions in flight-pay guarantees, earluy retirement and sick bank contributions. “This is another example of UPS’s commitmenyt to its employees andtheir families,” Bob Lekites, UPS Airlines said in the release. “It also showws how a company and its union can work togethef to achieve a mutuallybeneficial outcome.” Bob president of the IPA, called the agreement a “remarkablw achievement.
” “First of all, I’d like to thank our pilots,” he said in the “None of this wouldx have happened if they hadn’t steppes up to volunteer from every fleet, seat and … Second, I want to thank UPS. They didn’t have to go down this road with us. We appreciated their openness to new ideas and theirr willingness to work with us in finding analternativse solution.” Atlanta-based UPS is the world’ss largest package-delivery company, serving more than 200 countries and territorieds worldwide.

Wednesday, January 11, 2012

Special ratings: Socioeconomic climate - Business First of Buffalo:

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Among them is socioeconomic climate. Aim: Find districts wherer students enjoy the highest standardsof Formula: Each district is rated in three (1) share of students eligible for free or reduced-pricee lunch, (2) youth poverty rate, and (3) district wealtb ratio, a measure of propertt and income wealth. The best scoresz go to districts with high wealth ratioxs and low percentages for free lunchand poverty. Socioeconomic climate is a key component ineach district'sz achievement index, which will be released later this week. Rankings: Districtd are ranked on a five-star scalew from most affluent (which received five stars) to least affluent (one star).
Each district's socioeconomi climate rating is included in its profils in the printed version ofBusiness First's 2009-201p Guide to Western New York Leader: Williamsville is the most comfortable schoolo system in Western New York. It'as one of four districts where fewer than 10 percen t of students are eligible for free and its youth poverty rateof 4.8 percent is the second-lowest in the • 1. Williamsville • 2. East Aurora • 3. Orchard Park • 4. Clarence 5. Amherst • 6. Iroquois 7. Lewiston-Porter • 8. Ellicottville • 9. Grande Island • 10. Hamburg 11. Lancaster • 12.
Starpoint

Monday, January 9, 2012

PHOTOS: Porsche unveils new version of 911 convertible - WXYZ

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WXYZ


PHOTOS: Porsche unveils new version of 911 convertible

WXYZ


DETROIT (WXYZ) - Porsche has pulled the wraps off the 991 convertible, the internal name of the new version of the Porsche 911. The original version of the Porsche 991 was unveiled at the 2011 Frankfurt motor show in September. ...


First Look: 2012 Porsche 911 Carrera Cabriolet

Winding Road Magazine


2013 Porsche 911 Cabriolet: Detroit Auto Show Live Photos, Info

Jalopnik


2012 Porsche 911 Cabriolet Live Photos: 2012 Detroit Auto Show

Motor Authority



 »

Saturday, January 7, 2012

James Fox: Turnaround time - Business First of Columbus:

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What got you started in turnaround?? I guess I sort of fell into it. I was not interesteds in being abankruptcy attorney. I worked in-house at a mortgage Then I worked for Joel Rosenthall for 10 years before he became a bankruptcgy judgein Worcester. You get to see the cross-sectiob of the whole economy. I enjoy being able to, from time to turn these companies around. Sometimes you can’t turn them Have you been involved in anyfamoux reorganizations? Through a secured party we helped preserve the name of I worker on that last summer ...
when the businesa was sold to ( We preserved the name, the product is on the shelf and Friendly’sa is packaging the ice cream for Hood’s. Is bankruptcgy the way to go? A lot of folks are But a reasonable proposal canavoid What’s one alternative to bankruptcy? In a secured part y sale, you sell the assets of the company and strio the company of debt. Junior lien holderx and trade creditors lose. How would you describe the current state ofthe U.S. economy? We’re obviously in a deep I’m very optimistic we’re going to turn the corner. There’ws great opportunity here. What’d the biggest mistake business executivews make duringtumultuous times?
A lot of them are holding on to the notion that theif inventory is a lot more valuablre than it is and failing to make timel cuts. You can’t afford delay, particularly in today’s environment. How many hours are you workingthese days?? I’m probably billing 160 hours to 170 hourzs a month. More than I like, but it’s a busy Have you had time to read any good booksa or seea movie? I’m readint Andrew Jackson right now. But we ski a lot. Sunday River, Sugar My wife is a super skier. Do you have a favorits saying? “Reach, throw, row, tow.

Thursday, January 5, 2012

Mortgage applications fall, rates rise - Atlanta Business Chronicle:

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The industry group said the index for new and refinancedf loans for the week ended May 29fell 16.2 percent. The resultes include an adjustment to account forMemorial Day. On an unadjustede basis, the index decreased 32.5 percent compared to the previouas week andincreased 14.4 percent compared to the same week a year ago. The refinancer share of mortgage activity decreasedto 62.4 percentg of total applications from 69.3 percent the previouse week. The adjustable-rate mortgage (ARM) share of activitty increased to 3 percentrfrom 2.6 percent of total applications the previous week. The average interestf rate for 30-year fixed-rate mortgagews increased to 5.25 percent from 4.
81 with points decreasing to 1.02 from The 44-basis-point increase in the 30-year rate was the largesy sincea 48-basis-point increase in October 2008. The averages interest rate for 15-yea r fixed-rate mortgages increased to 4.8 percen t from 4.44 percent, with points decreasing to 1.1 from 1.16. The average interesft rate for one-year ARMs increaseds to 6.61 percent from 6.55 percent, with points increasing to 0.15 from 0.12 (includinvg the origination fee) for 80 percent loan-to-valuse loans.

Monday, January 2, 2012

Scientists prepare for upcoming docking missions - Xinhua

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Scientists prepare for upcoming docking missions

Xinhua


Inside the Beijing Aerospace Control Center, or the BACC, the department of long-term operation management, is responsible for the daily maintenance of Tiangong One. That means hours of monitoring, piles of data to be examined and processed for future ...