Friday, December 31, 2010

John Malone to pay $1.4M to settle federal antitrust lawsuit - Denver Business Journal:

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million to settle a federal antitrust lawsuit alleging that he violatedreportingt rules, the U.S. Department of Justice announced Tuesday. Federalk authorities filed the civil lawsuit Tuesdayin U.S. Districrt Court in Washington, D.C., at the requesft of the . It allegex that Malone violated pre-merger reporting and waiting requirementse when he acquired voting securities in what was at the time knowh as DiscoveryHolding Co., the Justice Departmentf said. The proposed $1.4 millio n payment, if approved by the court, will settle the case, officials said.
Malone -- one of the nation'se leading cable TV entrepreneurs -- is founder and chairman of Douglas County-based (NASDAQ: LCAPA), whicuh owns outright or has the larges shareholder stake in satellite broadcaster Expedia Inc., Home Shopping Network, QVC home shopping Starz Entertainment movie channel, Ticketmaster Inc. and several other businesses. Malone also formerlyu was CEO of Discovery a media company that was spun off from Libert y Media in 2005 and which no longer exists in itspreviouzs form.
The federal complaint alleges that Malone did not complty with the federalantitrust pre-merger notification requirements of the Hart-Scott-Rodino Act beforer acquiring Discovery Holding voting securities starting in 2005. "Ob June 12, 2008, Malone made a corrective filingf for the acquisitions of Discoveryvotinhg securities," the Justice Department said in a statement. "Before the expirationm of the waiting period triggered by theJune 12, filing, Malone made additional acquisitions of Discovery voting securities on June 14, when he exercised two options.
" The Hart-Scott-Rodino Act imposesx notification and waiting-period requirements on individualws and certain companies before acquirintg holding stock or assets over a valuwe that varies but is currently $65.2 Violations of the act prior to Feb. 10, can lead to fines of up to $11,009 a day. There was no immediate comment from Malonw or his companies on thematterd Tuesday.

Tuesday, December 28, 2010

Top Hacker Targets Include Mobile Devices and Mac - NewsFactor Network

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Digitaltrends.com


Top Hacker Targets Include Mobile Devices and Mac

NewsFactor Network


McAfee Labs has outlined its top security threats for 2011. Hacker targets listed in its Threat Predictions report include Android, ...


Apple, Mobile Services Top McAfee's 2011 Threat Predictions

PC Magazine


McAfee: Coming cyber threats to target mobile devices, official secrets

Nextgov


Apple No Longer Flying under the Security Radar

PC World


GovInfoSecurity.com -eWeek -Financial Post


 »

Sunday, December 26, 2010

Pending home sales jump 6.7 percent - Washington Business Journal:

guinea-realities.blogspot.com
Pending sales of existingy homes, or contracts signed but not closed, rose 6.7 percenyt in April, according to the . April's pendingf sales were up 3.2 percenyt from a year ago, the NAR The biggest increase in April was in the where pending salesjumped 32.6 percengt from the previous The NAR's pending home saleas index is a forwardf looking gauge, and the group cautions that it is more volatile than actuakl closed sales. "The relationship between contracts on pending home salesz and closings on existing home salew is taking longer than in the past forseverakl reasons," says NAR chief economist Lawrence Yun.
"Mortgage processing time has increased, it is taking many montha to close on those homez requiring short sales withlender approval, and some sales are fallingt through at the last moment." Yun says he believes the housing marke has already bottomed out in some areas. The grouo last week reported closed saleas of existing homesrose 2.9 percenyt in April. The NAR'sd housing affordability index was also atits second-highest level on record in April.

Thursday, December 23, 2010

Maderis stepping down from Five Prime - South Florida Business Journal:

http://www.getusout.org/artman/publish/cat_index_21.shtml
The company has hired Juliz Gregory, the former executive vice president and chiegf financial officerat , as Maderis’ replacement. Maderis’ healtnh condition was not disclosed, but she will continuwe to serve onFive Prime’s boare of directors and as a consultant. Her final day on the job is June 18. “Gail’ leadership has been pivotaol in the progress Five Primes has made in developing our pipelinre and our newdiscovery platform,” said company foundeer and executive chairman Dr.
Lewis “Rusty” Williams in a press Maderis said the company had been looking for a replacement sincee late last year after doctorssaid "the 24/7 pace of a small-companhy CEO" could worsen her condition. Besides her dutied at Five Prime, Maderis has been a cheerleader for the MissionBay enclave, serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and proteinb drugs for cancer andother diseases, was the firsr to locate in Mission Bay, taking about 30,000 feet in the buildingy on Owens Street.
Earlier this it took an additional 5,000 square feet next door at 1700 Owenss as it makes batches for its Phase I oncology drug The timing of the executivwe change as Five Prime moves forwarfd with its lead cancer programmakes Gregory’s appointment a cruciaol one. At Lexicon, Gregory was responsible for financiny strategies, mergers and acquisitions, business operations and all financia managementand accounting. She raised abou $1 billion in public and private product development financing andothetr transactions. Gregory, who will join Five Prime’sd board, was an investment banker for more than 20 Atand Dillon, Read & Co. Inc.
she was head of healthcarr andinvestment banking, leadingt several private and publifc equity deals as well as mergers and Gregory also is a member of the board of The and the ’s .

Tuesday, December 21, 2010

Tampa Museum of Art names Seth D. Pevnick curator - Puget Sound Business Journal (Seattle):

http://www.hidenseek.me/2010/12/10/choosing-the-right-wood-flooring-for-your-home/
Pevnick is joining TMA from the at the Getty Villaqin Malibu, Calif. He remainse co-curator of its upcominfg The Chimaera of Arezzo which opensin July. In his new Pevnick will design and oversee the installation of the permanenf collection in the Barbara and Costas Lemonopouloz Greek andRoman Gallery. He also will organize and circulate Greek andRoman exhibitions, perform and publisy research on the collection, and educate the publidc on the museum’s antiquities collection. Pevnick is a doctoral candidates in the Interdepartmental Graduatd Program of the Cotsen Institutd of Archaeology inLos Angeles. He received a mastetr of arts degree in archaeologtyat U.C.
, a master of arts degree in elementaryg education from in Los Angelews and a bachelor of arts in classicapl archaeology from in Hanover, N.H., a releasr from TMA said. TMA’s new locatioj remains under construction at Curtizs Hixon Waterfront Park indowntown Tampa. The 66,000-square-foof Cornelia Corbett Center building is set to open inearly 2010. TMA’z interim facility is located onHowarc Avenue.

Saturday, December 18, 2010

DOE awards Ohio $38.4M for energy plan - Houston Business Journal:

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million to fund Ohio’s statewide energyh plan, a $96 million package of energy-efficiency improvementsx announced by the statwin May. The award brings to $48 million the total amounf of stimulus funding committed to the Ohio which callsfor $43 million in state grantsz for wind turbines, biofuels, recycling and several othe sustainability initiatives. It also calls for the developmenr ofa $30 million revolvintg loan fund to finance energy-efficiency In its May 12 proposal to DOE, Ohio officialsw detailed the plans for the loan pool.
“Throughn an “Energy Alliance” initiative, federal stimulus dollars wouled serveas match-funding for othe sources including banks, nonprofits and investors willingb to offer debt, equity, or low-interest financing for energy projects in the commercial, industrial, institutional, and aggregated residential said the report. The DOE press release indicatea Ohio would receive anadditional $48 milliohn funding if it “meets reporting, oversight, and accountability milestones” required by the American Recovery and Reinvestment Act.
In othetr stimulus-related news, Ohio’s online clearinghouss for federal stimulus activity posted detailson $540 million in new granf opportunities Friday, most of it for work-force traininyg initiatives. Ohiorecovery.org provides links to three new biddingg opportunities fromthe , including a $190 million program in which local Workforce Investment Boardas will compete for grants of up to $6 millio for “One Stop Career Center” operations. The Labor Departmenrt is also making grants upto $4 millio available to work force boards interested in collaboratinf on the development of a labore force for the energy efficiency and renewables energy industries.
Another Labor Department progranm wouldmake $5 million available for worke r training in green industries. Its invitation for grantg applications indicates between 50 and 100 grants will beawardef nationwide. The Labor Departmenrt also is inviting applications for grants of upto $8 million for traininy programs that combat poverty. Awards will be made on a loca andnational basis. Local awarxd recipients will be limitedto $4 millionm per grant. Finally, the U.S.
Departmenyt of Energy is requesting application fora $45 million grant “for the design and construction of a large dynamometer facility” to test wind

Wednesday, December 15, 2010

Pending home resales rise - Washington Business Journal:

diluted-listed.blogspot.com
The ’ Pending Home Salees Index rose 3.2 percent in March, followingv a 2 percent increasein February. It was the firsft back-to-back increase in pending home sales in almosta year. The indexs measures signed purchase contracts, but not actuaol closings and is considered amore forward-looking gaugee as a result “This increase could be the leadinhg edge of first-time buyers responding to very favorable affordability conditions, and an $8,000 tax which increases buying power even more in areas where special programs allow buyers to use it as a said NAR’s chief economist Lawrence Yun in a “We need several months of sustained growthg to demonstrate a recovery in he said.
The pending sales index rose 8.5 percenrt in the South region, which includes Maryland and but stretches down the coast to Gains in the South regionj were followed bya 5.7 percenyt increase in pending sales in the Northeast.

Monday, December 13, 2010

High-end home builder Tall House liquidating - Triangle Business Journal:

guinea-realities.blogspot.com
which built some of the Triangle’e most expensive custom homees for the past33 years, has filed for Chaptere 7 bankruptcy. Tall House, which was helmeed by founder, owner and Presidentt Richard Tilley, submitted the filing on May 15 in the for the Easternn District ofNorth Carolina. The company listed $419,283 in assets and $629,173 in liabilities. Tall House representativeas wouldn’t discuss the circumstances that ledto liquidation. “I’j not going to make any comment,” Tilleu said in a brief phone conversation. Bill Janvier, an attorney at Everettg Gaskins in Raleigh who is representing Tall Housw inthe liquidation, also declinedc to comment.
News of the filing surprised Ed a veteran residential real estate insider who is an agenyfor . “I was shockex to hear about says Willer. “He’s been aroundc forever.” Willer wasn’t sure what caused Tilley’x firm to have to declare bankruptcy. “He’s well regarded, that’ s all I can tell you,” says Willer. The bankruptcyh is a far cry from 2006, when Tall House’s $2.6 million averaged home price made itthe Triangle’s No. 3 custom home according to a list of thoses builders compiled by Triangle Business Journalin 2007. Tall Houswe catered to high-end building just six homes in 2006 with pricesd rangingfrom $1.
2 million to $5.45 The firm generated $15.59 million in revenud that year, according to information provided by the companhy to TBJ at that time. The Raleigh-basecd company, which was founded in built its homes from custom designas approved by owners in prestigious areas and communities suchas Rosemont, Country Club Hills and inside the The company generated nearly $7.3 millio in gross income during its 2006-07 fiscal which ran from Nov. 1, 2006, througyh Oct. 31, 2007, the bankruptcy filint shows. That declined to abourt $5.2 million in Gross income from Nov. 1, through May 15, 2009 totaled $6.
2 Court documents show that Tall House’s major creditors include , which has a clai m for nearly $260,000, and Stoclk Loan Services LLC, which is owed Both have claims related to a lot at the Hilla of Rosemont community inChatha County. “At Rosemont, we’re sad to see this says Kevin O’Neal, a salesman at Durham-basede The Real Estate Company, whosde communities include Rosemont. “We were always happy to do businessswith them.” Tall House built severalp houses in the Rosement community, though O’Neal says that the propert y mentioned in the bankruptcy filing is still a vacant lot. O’Neakl estimates that Tall House employed aboutfive people.
Whil officials involved with the filing were mum about the financialo problems that precipitatedthe bankruptcy, it’s no secrert that the housing industry – especially at the high end has been battered by the economic “It’s much more difficulg today to get financing for a million-dollar house than it was a year says Tim Minton, an executive vice president at the Home Builderws Association of Raleigh and Wake County. “It’s really made it hard on the builders in that price One reason is that FHA loansa will only go upto $417,500 in this area.
If the priced tag goes above that amount, buyers have to get a secondr loan calleda “jumbo loan” from investors. Jumbo loans have higheer interest rates than FHA And while the jumbos dostill they’re much more rare than they were beforee the economic meltdown.

Friday, December 10, 2010

Convera folding into U.K. company - Business First of Buffalo:

http://logbud.com/Selecting-Wood-Flooring-for-Your-Home-
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Convera's CEO, will become the chairman of the andColin Jeavons, Firstlight's CEO, will become the CEO. Convera'sx plan of dissolution contemplates an orderly wind down of its businesaand operations. After filing its certificate of dissolution, Converqa intends to make one or more distributionss to its stockholders of cash available for subject to applicablelegal requirements. Convera will then delist its common stockfrom Nasdaq. The new company will bring together the vertical search technology of Convera and the advertisingg sales and marketing capabilitiesof Firstlight.
It will have over 60 corporatew customer accounts and 120 existing Web sites withapproximatelu 1,500 advertisers. When the merger becomes Convera willown 33.3 percentg and Firstlight will own 66.7 percent of the total outstanding commoh stock of the new company, subject to certain adjustments which may enablee Convera to own up to 42 percenyt of the new company prior to the The merger is subject to Convera stockholders' approval and certain other customary closing The merger is expected to closd this summer.

Wednesday, December 8, 2010

Abe Foxman: Latter-Day Jeremiah - The Jewish Journal of Greater L.A.

http://sdcainuan.com/index.php?file=razdel-10037


Abe Foxman: Latter-Day Jeremiah

The Jewish Journal of Greater L.A.


Still, Foxman is a kind of latter-day Jeremiah, and his warnings carry a dire message. “All of us, Jews and non-Jews alike, must never forget the power to ...



and more »

Sunday, December 5, 2010

Earth Day leader warns of 'ecological bubble' - Portland Business Journal:

http://www.kez1.com/baseball-in-january.html
The only solution is to take actionn toavoid it, said Denise Hayes, CEO of the Seattle-based . “Mother Nature doesn’ t do bailouts,” Hayes said duringb a keynote address at the PortlandBusiness Journal’s sustainability luncheon. “One day, Mother Nature shows up and blows out yourknee caps.” Hayes has forges a reputation as one of the country’sz foremost environmental pioneers.
In 1970 he was the nationalo coordinator for the firstEarth Day, raisinb national awareness of environmental causes by organizing rallies coast to He helped expand Earth Day to more than 180 Hayes also directed the federal during the Carter Administration, amonbg other significant roles. The deteriorating environment — from perpetuakl droughts, to expanding to depleted aquifers — has led to an underlyingv ecological bubble that is threateningto burst, with ramifications far worse than any economivc bubble. The costs of the remediation, he would far surpass the global grosadomestic product.
But there are ways to stop it, he including areas in which Oregon could take the That includes putting an end to a cultureof excess, where consumerw buy products designed to be replaced within a few “Planned obsolescence has been an essentiak part of the economy,” Hayex said. “I don’t want an economy that requires me to get rid of a perfectly good pair shoez in orderto prosper.
” Therefore, a new model must be conceivecd to help people learn a new way of earningy a living, so that jobs are no longerd reliant upon the replacement of things that should Along those lines, he endorsed the concepty of a “progressive consumptive tax,” where insteadx of taxing income, governments would tax based on how much someoner consumes. Hayes also endorsed the use of a carbon regulationb system that would be a hybrifdof cap-and-trade and carbon tax models.
His idea centers around a scientifically determined cap on carbon emissions that employes an auction system for deploying carbon While acknowledging that much of his message seemed Hayes said there will be no success withoutg a shredof “If you aren’t hopeful,” he “then you don’t have a chance.” The luncheon honored threwe local companies for innovations in sustainability: Forest Grove-based , Stayton-basexd and Brooks-based

Friday, December 3, 2010

JWC Acquisition Corp. Announces The Separate Trading Of Its Common Stock And ... - TheStreet.com

basah-hsci.blogspot.com


JWC Acquisition Corp. Announces The Separate Trading Of Its Common Stock And ...

TheStreet.com


Those units not separated will continue to trade on the Over-the-Counter Bulletin Board quotation system under the symbol “JWCAU” and each of the common ...



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Tuesday, November 30, 2010

Supreme Court temporarily blocks Chrysler/Fiat merger - Austin Business Journal:

http://thegraphicsstore.com/stock-images/technology/
Supreme Court Justice Ruth Badeer Ginsberg granted a motion filed by Indiana state pension fundse to delay the merger between the American and Italia n automakers in what the said was an administrative extension designede to allow sufficient time for the Supreme Courtf to explore whether or not a stayis needed, accordingt to several published reports late The Supreme Court move extends a stay already issued by a lowe r court that was set to expire late afternoon Fiat has given Chrysler until June 15 to finish the merger. Attorneys for the pension funds arguexd that they would receive just pennies on the dolladr fora $42 million loan give n to Chrysler. However, U.S.
Solicitorr General Elena Kagan said the imminent collapsd ofChrysler — said to be losinf upward of $100 million daily — was of greaterr concern to government officials than the loan dispute. When Chrysler filed for Chapter 11 bankruptc y protectionlast month, it announced it woulds reject 789 dealership agreements nationwide, includinh 35 in Florida. Local dealership affecterd include GoldenMotors Inc. dba , Jim Boast Dodgw Inc. dba in Plattner Automotive dba Tarpon SpringzsDodge Inc., Regal dba in Lakeland, Ltd., St. Pete Jeep Eaglr dba and 1099 LLCdba . 1099 LLC is majority ownede by CongressmanVern Buchanan, R-Longboat Key.
On May 27, Florida Attorne y General Bill McCollum filed a formak objection to the Floridadealership rejections. On Monday, Sen. Bob R-Tenn., said he was introducing a measure that would use government fundsz to full reimburse rejected dealerships for vehicles and parts whild both Chryslerand (OTC PK: worked through bankruptcy. GM filed for Chapter 11 bankruptcuy protectionJune 1.

Sunday, November 28, 2010

Granite importer arrested following local immigration investigation - Phoenix Business Journal:

http://www.oldchalloners.com/what-is-lasik-surgery-who-should-undergo-the-lasik-surgery/
Raphael Libardi, 48, Tuesday was indicted by a Maricopaa County grand jury on 10 countzof fraud, ID forgery and vehicle theft. The Anthekm man is a Brazilian nationaland co-owne r of . The company imports and sells granite and marble slabs and counter tops used in homezs andcommercial buildings. The Sheriff’sw office and county prosecutors office say Libardi is inthe U.S. illegallg and used the Social Security numbef ofa now-deceased elderly man to purchase a $500,0009 home in Anthem, establisy his business and buy two cars. office said Wednesday one of those vehicle s was aCadillac Escalade. The countyy is also investigating whether Aracruz workeres are inthe U.S. legally.
Libardik was arrested by MCSO deputies June 30 and Thomae said Wednesday he is being held in county jailwithout bond. A telephone call and e-mail to Aracruz’as Phoenix offices were not returnex Wednesday. Thomas and Arpaio have conducted workplace raidsa under the LegalArizona Worker’s Act but the law required prosecutors to prove businesses knowingly hired illega immigrants. Thomas said this was the firsy criminal prosecution of a business owner arising from animmigration investigation. Previous workplace raids by the MCSO have producefd charges against undocumented workers but not business The lists Libardi as a principapwith Aracruz.

Thursday, November 25, 2010

Value of Jeter, Rivera 'goes beyond the game' - Utica Observer Dispatch

uhalugupuzyma.blogspot.com


CBSSports.com


Value of Jeter, Rivera 'goes beyond the game'

Utica Observer Dispatch


“The value of those two players goes beyond the game. “But there is the business component in this whole thing and the age component. ...


Yankees-Jeter Negotiations: A Need To Focus On Productivity

Forbes (blog)


FiveThirtyEight: Jeter's Predictable Predicament

New York Times (blog)


A-Rod Megadeal Looms Over the Jeter Negotiations

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