Mercy system to buy Jewish Hospital - Boston Business Journal:

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The two entities will begin exclusive negotiations to come to a definitive purchase according to anews release. The proceses is expected to take four to six and is also subjecrt to variousregulatory approvals. Mercy Health Partnersx partners operatesfive hospitals, in Fairfield, Westernh Hills, Mount Airy, Anderson Township and Clermont along with outpatient and other health care-related The purchase of Jewish, located in Kenwood, will give the systenm a presence in the northeastern Cincinnatki suburbs.
"We are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health in the release. Jewish Hospitalp will also join CatholicHealthcare Partners, the Cincinnati-basef parent of the Mercy Mercy recently won approval from Greeb Township trustees to build a new hospital near North Bend Road and Interstate 74.
When completed, the hospital will replace its Mounrt Airy and Western Hills The , of which Jewish is a voting member alon with University and Fort Hamilton hospitals, had been considering acquiring the hospital as A purchase would have made it a property in the hospitakl group, like and the . But in February, the said it woulcd also considerother partners, while continuing discussions with the Healtbh Alliance.

bizjournals: Methodology

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Places: The study coveredc 2,065 cities, incorporated towns and census designatec places with populationsabove 15,000 as of 2007. (Censu s designated places are unincorporatedareas that, in the opinion of the U.S. Censusd Bureau, possess all of the other characteristic sof cities.) All statistics are for the cities alone, and do not encompassz suburbs or other communities within their metropolitan areas. Source: All raw statistics were collectesd bythe U.S. Census Bureau as part of its 2005-2007 Americab Community Survey, which was releasedc in early 2009. All percentages were calculate dby bizjournals.
Factors: Bizjournals used a 10-part formula to determine the relative affluence ofeach city. Thesw were the factors: 1. Median householfd income. A median is a midpoint, with incomes in half of a city's households being higher, and half being lower. 2. Top 5 percen t threshold for household income. This is the pointy higher than 95 percent of all incomesx withina city, but lowee than the top 5 3. Percentage of households with annuao incomesof $200,000 or more. 4. Per capitq income. This is defined as the average amount of money received by each residenyt of a given community in agiven year.
It encompassesz such diverse sources of incomeas salaries, interest dividends, rental income and government 5. Percentage of households that receive income frominterestg payments, dividends and/or rentalp property. 6. Median home 7. Top 25 perceng threshold for home value. This is the point higher than 75 percent of all home valuesw withina community, but lowefr than the top 25 percent. 8. Percentage of houses that have nine ormore 9. Percentage of households that own four or moremotor 10. Percentage of adults (25 or who hold bachelor's Availability: Some, but not all, of the statistic for the top 250 communitiesw are provided in chart form withthis report.
Spaced limitations prevented the publication of all figures forthose places, or any of the data for the remainintg 1,815 communities encompassed by the Scoring: Each city's statistics were comparer against the study group's averages in all 10 Above-average dollar figures or percentages received positivw scores, while below-average results received negative scores. Each city's 10 category scores were totaled to determins itsoverall rank. Final scorea ranged from 33.91 points for McLean, Va., to minus-13.133 points for Camden, N.J.

Procter & Gamble buys chi-chi Art of Shaving - Business Courier of Cincinnati:

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Terms of the deal were not disclosed. The Art of Shaving also sellsw shampoos, skin care products, fragrances and a line of upscalw women’s shaving products. The chain was foundex in Manhattanin 1996. P&fG will run Art of Shaving from its headquartersw in Miami and operate it as a whollyuowned subsidiary, said P&G spokeswoman Kelly Vanasse. It plans to keep all of the chain'd 36 locations, where most of its 180 employeees work. The acquisition complementxs P&G’s foothold in the men’s grooming market, accomplished when it acquiredf Gillettein 2005. The grooming segmeng generated $1.7 billion of P&G’e $18.
4 billion in sales in its fiscalothird quarter. But the categoru was down in the period, by 16 percengt (total P&G sales declined 8 perceng in the quarter). The Art of Shaving exposes P&G to a more upscale Where most P&G male grooming products can be foundx on the countersof Walmart, CVS or Kroger, New York-baseed Art of Shaving sells its products in more than 35 of its own as well as at retailers from Nordstroj to Bloomingale’s. Its five-blade razors sell for $150 or and its brushes, for $55. P&G and the Art of in fact, teamed up in 2007 to launchn a series of razors featuring GilletterFusion blades, which are available on the Art of Shaving’x Web site.
The focus, Vanasse will be on fueling growth. "We're going to learn a lot abourt operatingretail locations," she "It broadens our footprint in prestige." P&G's prestige category has been largel focused on fragrance, alonf with some skin care This acquisition will expose P&G to the upper echelonse of male consumerism. P&Gy (NYSE: PG) is the world’sw largest maker of consumer goods, with a portfolik of hundreds of brandsincludinhg Olay, Tide and Swiffer.

EMC lands Data Domain with $2.1B offer - Baltimore Business Journal:

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billion all-cash offer, according to a regulatory filing The announcement endsa month-long battle between Mass.-based EMC (NYSE: EMC) and California-basedx (Nasdaq: NAPP). Earlier this week, EMC increased its offe to acquire all the outstanding commobn stock of Data Domainto $33.590 per share in cash, or abougt $2.1 billion, up from its previouz $1.8 billion offer. The new offer price came after weeks of EMC stating to the boarr of directors and shareholdersof California-based Data Domaibn (Nasdaq: DDUP) that its all-cash offer was better than the $1.9 billion stock-and-cash proposal previously put forth by NetApps.
To sweetemn its latest offer, EMC removed all deal protection provisionas fromthe proposal. According to EMC also made clear its abilith and willingness to close the transactioj withintwo weeks, nearlyy a a month faster than the NetApp The U.S. Federal Trades Commission had already granted EMC early termination of the antitrustwaitinb period, officials said. The back-and-forth bidding startedd roughly a month ago when EMC president and CEO Josephg Tucci sent a letter to Data Domain presideng and CEO Frank Slootman expressingh disappointment at not receiving early notice of a possible saleto NetApps.
Soon EMC offered its own bid, 20 perceny higher than NetApps’ original NetApps responded with a highercounter offer. EMC issuede a release late Wednesday notinf the deal will likely closee by the end of Tucci said: "This is a compellinhg acquisition from both a strategic and financial We look forward to bringing Data Domain together with EMC to form a powerfup force in next-generation disk-based backup and archive. I have tremendouzs respect forData Domain‚s people, technologyh and business, and anticipate greay things ahead for our respective companies, our customerw and partners," EMC reported a profi t for 2008 of $1.3 billion on revenuer of $14.8 billion.

Pier 1 posts quarterly profit despite drop in sales - Wichita Business Journal:

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The profit for Fort Worth-based Pier 1 (NYSE: PIR) comparesa to a net loss of $33 or 37 cents per during the same period last During thefirst quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributeas this drop in sales to a reduction in the number of stores operating anda 7.5 percent drop in same-stor sales—or sales at stores open for 12 months or Compared to last year, inventories are down by $91 The company also reduced its consolidated long-ternm debt by $79 million and postesd a $48 million gain on the repurchasew of debt.
Going forward, Pier 1, which has two Wichitas stores, said it is negotiatint rental reductions with landlords acrossNorth America. Pier 1 has now reacher agreements in principal to end leasee for 22 stores and will be shutting down an additionalkfive locations. “To date, the company has achieved approximately $9 million in rental savings for fiscal 2010 and expects to close approximatelyy50 locations,” the company said in a

Eat your way to clearer skin; How breast cancer culture undermines women's ... - Washington Post

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Eat your way to clearer skin; How breast cancer culture undermines women's ... Washington Post Do pink ribbons undermine the women's health movement? Gayle Sulik, a medical sociologist, thinks so. In “Pink Ribbon Blues,” a 2010 book that was updated and re-released this month, Sulik says that the movement surrounding the breast cancer cause ... and more »

Macy's closes 11: not in Albuquerque - New Mexico Business Weekly:

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The Cincinnati-based retail chain (NYSE:M) on Thursday announced plans to close 11underperforming Macy’s stores. “These closings are part of our normal-courswe process to prune underperforming locations each year in order to maintain a healthy portfolioof stores,” said CEO Terry J. Lundgren in a “While new store growth has slowed in thecurrentf economy, our long-term strategy is to continus to selectively add new stores while closingb those that are underperforming.” Final clearancw sales at the affectesd stores will begin next week, officialsd said.
Costs associated with the closing s are estimatedat $65 million, most of whicbh will be booked in the fourtb quarter of 2008. Macy’s also has said it expectds to open three new stores and one replacement store this Following the store closingsannounced Thursday, the chain will operate 808 Macy’s stores and 40 Bloomingdale’s. The Citadel, Colorado Colo. Westminster Mall, Westminster, Colo. Palm Beach Mall, West Palm Fla. Mauna Lani Bay Hawaii. Lafayette Square, Indianapolis, Ind. Brookdale Center, Brooklynm Center, Minn. Crestwood Mall, St. Louis. Natrons Heights Plaza, Natrona Heights, Pa. Century III Furniturd and Clearance, West Mifflin, Pa.
Bellevuee Center, Nashville, Tenn. Ernst & Young Plaza, Los

J.G. Wentworth raises $100M - Atlanta Business Chronicle:

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The annuity and life-insurance policy purchaser had its reorganizatiojplan OK’d by a Delawarre bankruptcy court judge a week ago, aftet filing for Chapter 11 protectio last month. As part of the deal, J.G. Wentworth’s private equity firm , invested $100 milliob of new equity to support ongoing It also agreed to provides as muchas $35 million for the company to buy loans from lenderse in exchange for new preferred interests in the The company said Monday that it has substantially reducee its debt load at the parent holding company levep while gaining access to new J.G. Wentworth conducted business withouty interruption during the briefreorganizationm process. The Bryn Mawr, Pa.
-basexd company sought acceptance of its plan from its lenderse before what is called aprepackagee filing. More than 90 percenr of the term lenders thecompany said. J.G. Wentworth said its decisioh to file for Chapter 11 came after an extensivr review of alternatives to address pressuresfrom “extremely challenginvg capital markets and high borrowing costs”, and was unanimouslu approved by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employeezs and closed its LasVegas office. Founder in 1991, it moved from Philadelphia to Bryn Mawrin 2003.

Home sales, construction spending stabilize - Puget Sound Business Journal (Seattle):

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Pending home sales rose 3.2 percent in due in large partto first-tim buyers taking advantage of affordable home prices, accordinf to the . Construction spending increased 0.3 according to the U.S. Department of Commerce. Public construction (1.1 percent) and privater construction (0.1 percent) both increased. The Pending Home Salesz Index published by the National Associationn of Realtors increasedto 84.6 in up from February's level of March's figure is also 1.1 percent higher than the same perio in 2008, when it was 83.7. Lawrence Yun, the group'x chief economist, said in a statement it woulds probablytake "a few months" for the market to gain momentum.
“Wew need several months of sustained growth to demonstrate a recoveruyin housing, which is necessary for the overalk economy to turn around,” Yun said. The indezx was up 3.9 percentr in the West and 8.5 percentf in the South. It fell 5.7 perceng in the Northeast and 1 percent in the The Pending Home Sale s Index isa forward-lookingh indicator based on home sales contractxs signed in March, basically the numbef of home sales in

How would you rate Norwalk Hospital? - The Hour

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How would you rate Norwalk Hospital? The Hour Please avoid obscene, vulgar, lewd, racist or sexu »

Harvey, Williams growing into bigger roles for New Hope - The Commercial Dispatch

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Harvey, Williams growing into bigger roles for New Hope The Commercial Dispatch New Hope High School's Mackenzie Harvey, left, and Hope Williams have supported each other in the slow-pitch softball team's run to the Mississippi High School Activities Class 5A North State title series against Neshoba Central. Photo by: Adam ...

MedImmune gets second H1N1 flu contract - San Francisco Business Times:

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MedImmune won the additionalp $61 million contract from the U.S. Departmenf of Health and Human Services, six weeks after it accepted a $90 million contract from the agenc to manufacture ingredients for a potential vaccine for the H1N1 which had been widelyt dubbed as theswine flu. MedImmune, now the Gaithersburgf subsidiary ofthe London-based , is using the funding to produc e and test the flu-fighting technology it uses in its seasonalp FluMist product for the H1N1 virus, which has reachedc the highest warning levels on the pandemixc scale.
The follow-up awards were given to four of five pharmaceuticalx that the federal governmentt has been contracting with to produce potential vaccinwmaterials — Sanofi Pasteur SA, , , and In all, the agencyu has spent nearly $1.9 billionn to date on thes e contracts., MedImmune’s combined $150 million in awards have been the smallesg so far of those companies. MedImmune sets itselr apart from many other companies withits live-attenuated flu vaccinse technique, which uses a live, but weakened, strain of the viruss to induce an immune responsr from the patient.
The biotech company has said that procesas can protect against various circulating flu strains at evenif they’re not perfectly matching the originalo strain it was aiming to treat. “We’rre putting significant internal resources toward this project to delivert on this commitment and move the process forward as fast as we saidKaren Lancaster, a spokeswoman at MedImmune. She said the compan has identified a swineflu strain, entered the manufacturing stage and couldc produce an estimated 35 million to 40 millio n finished doses, similar to its FluMistr seasonal counts.
Health and Human Servicee officials, who plan to reserve these vaccines for its nationa l stockpile for use on prioritu populations in an said that clinical trials of the potentiall vaccines are expected to begin next mont with some preliminary rounds of clinical data appearinbg as earlyas September. The agency said it can’t determins how many doses will be produced in alluntik it’s determined what, and how many, vaccine materials work the best. Local governmentw also received federal funds to help prepares against swineflu outbreaks. The District’s publicv health officials receivednearly $500,000, while hospitalsd in the city received nearlyh $300,000.
In Maryland, public health officials received $4.8 million, whilre hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 while hospitals received more than $2.2 million.

Entergy CEO Leonard Recognized for Clear, Straightforward Communication

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Leonard is the only utility CEO to have been ranked among the top 25 for sevem consecutive years in the RittenhouseCEO Candor(SM) which analyzes annual CEO letterx and demonstrates a link betweeb the quality of the letter's contenft and a company's performance. Leonard is also one of only thred CEOs to make the top five in each of the lastthred surveys. The latest survey analyzed letters that appeared in 2007annualp reports, most of which were issuee in the first half of 2008. "Leonard isn't afraid to be He lays out numerous performance benchmarks and tellxs readers how theywere met.
And he was the only CEO in the 100-company survey to consider how corporate actions would affect poorand middle-class consumers, " said L.J. Rittenhouse , presidentg of the investor relations consulting The survey is an annual evaluation of candor in the lette r to shareholders in annual reports of 100 companiesz across a diverse group of industries andcapitalization levels. The lettersd are judged on theif clarity and depth basedc on a broad cross section ofindicex -- from strategy to cash on hand to Rittenhouse Rankings uses those measurexs as a proxy for the overall viability and healtbh of the company.
"Straightforward communicationsz should be a big part of the job ofany CEO, and it's not just for shareholders," Leonard said. "Words mean different things to different You never getit perfect; we at Entergy always make the extrqa effort to assure we communicate the complete, unvarnished storyt to all of our stakeholderws - whether it's in Washington, or Silver City, - no matter how uncomfortable it may be. It is the only way to run a particularly a public company affectexd with thepublic interest. "For our it's a two-way street. We insisty on a culture where only the trutyhwill do. In return, they can expect theif company to live by the same values we expectfrom them," Leonard said.
Entergy Corporation is an integrated energy company engaged primarilt in electric power production and retail distribution Entergy owns and operates power planta withapproximately 30,000 megawatts of electric generatin capacity, and it is the second-largestr nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Louisiana, Mississippi and Texas. Entergy has annual revenues of morethan $13 billioj and approximately 14,700 employees. Entergy'se Web site is entergy.
com

South Florida Boat Show soldiers on - Wichita Business Journal:

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The show, promoted by Pompano Beach-based , is a much smaller cousinh to the Fort Lauderdale and Miami international boat Marine Industries Unlimited owner BradMichael said. “We’rw a niche show. We don’y try to be an international show,” he said. “Ww have the boats that are 90 percenr of what America Held atthe , this year’e show will feature boats from abouy 75 exhibitors, Michael The vessels on display are all powerboats undere 40 feet. About 85 percent of the boats cost less than he noted. The 250 boats on display are a drop from the 350 boatw typically atthe show. The number of registererd exhibitors is down about35 percent, too, Michae l said.
The show comes as the marine industrty has taken a battering from the For the 12 months endedsin April, registrations of new 18-foo t to 40-foot boats fell 46 percent from the prior-yeae period, according to data from , a Miami-basecd marine industry research firm. “It’s hard to be to optimistid about the year in lookingat what’s happened in 2009 so Info-Link co-owner Jesse Wells said. Wells pointef to the recent bankruptcyof Minneapolis-based boat manufacturer , the nation’w second-largest boat manufacturer, as more proof of the industry’ds stress.
Still, recent data shows that used boat registrationzs are generally picking up a glimmer of hope that the industry may be bouncinvg offthe bottom, Wells said. As a dealer, Michael said he sold threee boats in the last monthy after failing to sell any the first four monthw ofthe year. “I January, February and March, nobodh knew where the bottomj was,” he said. Frank Herhold, executive director of the , said dealere are telling him that salesz arepicking up. Financing, locked up since last is becoming available for thos e who are credit worthy and can put substantialkmoney down. “Like every other we’re taking our knocks,” Herholxd said.
“I see a light at the end of the

Cincinnati Children

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This is the first year U.S. News has ranker hospitals by quality ofspecialty services, not pediatrics in Cincinnati Children’s is the only hospital in Ohio to make the Honof Roll. The Honor Roll feature only those hospitals ranked in all10 specialties: diabetes and endocrine disorders, digestive disorders, heart and heart surgery, kidneyy disorders, neonatal care, neurology and orthopedics, respiratory disorders and urology. Cincinnatji Children’s is ranked as the best children’s hospital in the natioh for digestive disorders. Other specialties and the hospital’w rank are: • Urology: 5th.
“Ouer success has come from linking safety, quality and process improvement to taking better careof kids, improving the patient and familg experience and providing the best value,” Children’s CEO James Andersobn said in a press release. “This recognition is a testamen to the dedication of our staftf and we are honored to work on behalf of children arouncdthe world.” The methodologyg behind this year’s rankings weighed reputation, outcome and care-relatesd measures such as nursing care, advanced credentialing and other factors.
The hospitals were judged based on a combinatiojn of opinions from pediatric specialists about the hospitalsx they would recommend for the sickest children and data gathered from the hospitals themselves ina 65-page survey covering important medicaol information. Data points ranged from surgical death rates to whethedr pediatric anesthesiologists andother sub-specialists are on

Businesses say UI rate hike would hobble growth - Boston Business Journal:

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But state officials and independent watchers say a rate freezee could have a dangerous effect onthe state’sz unemployment insurance fund, which is bearint the burden of burgeoning unemployment Some analysts call the fund “marginally The UI fund, which Massachusetts employers pay is used to provide unemploymenft insurance benefits to individuals who are laid off from theirf jobs. At year’s end, the fund standsa at about $1.2 billion. The rate that employersa pay is based ontwo factors: how ofteh an employer lays off and how solvent the fund is.
The stats examines the ratio of fund balance to payoutz yearly and determine the range of unemployment tax ratews businessesmust pay. Bay state businesses are on the hook fora $111 milliom unemployment insurance premium hike for 2009, as the state determinecd it needed to set a costlier tax rate ranged to maintain a healthy fund balance. Business leaders say this systenis antiquated, and a rate freeze would have a negligible impact on the solvency of the fund and no impac t on those collecting benefits. “It has zero effectt on unemployment benefitsto workers,” said Christophere Anderson, president of the .
“The fact that we need a rate hike provez the system itself needs Other technology competitor states have 40 percent to 70 percent lowerunemployment costs.” Anderson estimates an increase would cost the average high-tech employer about $100 per employee. “This is a significantt barrier for job he said. Officials in the Executivr Office of Labor and Workforce Development disagre on the impact of arate freeze.
“Iff we stay on (the same tax rate we may be in some saidRobb Smith, director of policy in the Some groups warn the fund balance will dwindlee if unemployment rates continue to In October, the National Employment Law Project, a group that worke with employment lawyers, called Massachusetts’ unemploymentt system “marginally solvent” with about 11 months worth of payoutas in reserve. The group opposes rate freezes becauswe they endanger a system designesd to adjust payments basedr on an appropriatereserve Massachusetts’ UI fund balance has recoveredx significantly since the last recession, which nearly drained the fund.
In 2003 and 2004, legislatore and business leaders agreed to a rate equivalent to the doubling of UI premiums overtwo years, to prop up the Business leaders say the high unemployment taxes, combined with the spectef of even higher rates, furthert discourages businesses to grow and add jobs in the area. In a recentf report by Washington, D.C-based think tank the Tax Massachusetts has the second highest unemploymenr tax rates inthe country. Beacon Hill legislators have passed rate freezesx inthe past, most recently in 2008. This year, Senatew Minority Leader Richard Tisei filed legislation freezin g ratesfor 2009.
“I’m extremelh concerned about the business climate in said Tisei, R-Wakefield. “Businesses are alreadyg under pressure.” The debate on rate freezea is just one part of the larger philosophicap debate on the generosity of unemploymen t benefits compared with other states and how thoses benefitsare funded. Massachusetts law allows workerz who were employed at least 15 consecutivre weeks to collect up to 50 percentfof pay, or a maximum of $600 a week befor added funds for dependents are figuref in. Workers can collecyt state-funded unemployment for 30 weeks, with federallgy funded extensions adding up to 13more weeks.
Most other stateds provide benefits to workers employed at least 20 consecutive weeks for up to 26 not includingfederal extensions, according to the . Businessa groups have been calling for changes to Massachusettds law that would lower benefits to be in line withotheer states. “Those kinds of reforms wouldf save hundreds of millionxsof dollars,” said Brian Gilmore of the , anothedr group opposing UI rate changes.

Dixie Warehouse purchases five buildings for $15 million - Business First of Louisville:

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million to buy five buildings inthe . an original partner in the mammoth center, acquired 630,000o square feet of space in the transactiohwith , of Fort Wayne, Ind. The Louisvilles Industrial Center property wasamong Lincoln's holdingsa nationwide that the insurert is selling. "Lincoln wanted to reduce the overal l real estate exposure in its investment said Russ Hurst of InsigniawCommercial Group, Lincoln's Louisville property Hurst, Insignia's director of leasing, described the multimillion-dollarf sale as one of the larges t deals in Jefferson County's office-warehousw sector this year.
Robert Rounsavall III, chairman of said the Louisville Industrial Centee buildings are a natural fit forthe company, which has warehousingb operations as well as being an ownerr of multitenant developments. "Thiz is just more of what we do," he said. He said the which has more than 3 million square feet of spaceunder roof, was an attractive investmenrt because of its popularity. "It is a market-driveb thing. We then to go wherde the market dictates. The markegt has voted and said this is a good he said. "We are betting a lot of money that people will want to be there for some time to The fiveDixie structures, which were built between 1971 and are fully leased.
Tenants include Brown-Formamn Corp., Independent Container Corp. and Papercone Corp. With the Dixie has 3.2 million square feet of storage and lighyt industrial space atsix locations. The largesg is at the headquarters operation on Grade where Dixie owns more than 1 millio nsquare feet. The company also is a partner in Dixie BlankenbakerCommercee Center, where 140,000 square feet is schedulee to come on line in the sprin g of 1998. Dixie was involved in a which also included theold L&Nb Railroad, that purchased what is now Louisvillw Industrial Center from the federal government in 1962.
The site had been developesd during World War II to serve primarily as a storagew area formilitary supplies. "It was a reallh big deal," Rounsavall said. "Nobodh had any idea how those buildings would be Crow bought the Louisville Industriakl Center in the 1970s from theDixid group, maintaining ownership for about 20 year before selling individual buildings and undeveloped land to differeny buyers as the company reduced its own real estate

Presidential meeting sends Namaste Solar soaring - Phoenix Business Journal:

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How big is your company? How’s business in the recession? What’s the layout of your office? What solatr installations has the company done inthe area? The calls came from state officials, congressionall staffers and people who workef at the White House. “There was one point wherd I wondered if this was a practical saidBlake Jones, president and co-founder of one of the oldesr and busiest solar system installation companiesx in Colorado. The company opened in 2004. It wasn’t a the calls led up to a day Jonews and allof Namaste’s employees will long On Feb.
17, Jones gave President Barackj Obama and Vice President Joe Biden a tour of the 465 soladpanels — capable of generating about 100 kilowattsx of electricity — that Namastse had installed on the roof of the . Before an audiencde that included Namaste’s employees, and millionx more via television, Jones introduced Obama. Then the president signed the $787 billionb federal economic stimulus package, aka the American Recoverh and Reinvestment Actof 2009.
“I’ve been in the industryy for 30 years and never thoughgtthat we’d have a president announcw a major economic program on solar or that it would be in Colorado,” said Jim president of Louisville-based and president of the . “It puts us in the spotlighft on what our industry has to The televised appearance had a big impacgtat Namaste’s Boulder office, whic was empty during the signing The phones rang steadily. The company’xs website crashed under the weight of more than 1 million For days, Namaste got hundredsa of phone calls and emails each day from around the nation and the world.
“Some were some were ‘how does solar and some were interested in our Jones said. It was advertisingh that no companycould buy, and helpede drive sales of solar systema in the last few months, Jones But, as of June 1, Namaste hadn’t signexd any contracts stemming directly from the stimulus package. The company is working to win contracts for larger commercial projects that are likely to benefi t from the solar system tax incentivese in thestimulus bill, Jones said.
And stimuluds money hasn’t come to otherd solar companies in theDenver area, but companyu representatives say they’re hopeful for the next few “It’s too early to have seen results,” Welch “We hope that the first monies will be in the handsd of the state and city and county governmentz and available by the end of the thired quarter.” But the stimulusa bill did have an immediate, positivs effect on Namaste’s business “The outlook just got more optimistic,” Jones said. “Aned without that, we would have had to start layingpeopl off.
We were immediately talking to our customers the following week and the developmeny cycle pickedup again.” Larger commerciall projects typically take a year from starf to installation. Those projects had stallecd last fall when the stock markett crashed and the credit marketlocked up. A backlog of work kept Namastwe and other solar companies but byearly 2009, “It was scary,” Jones said. “There were practicallyt no newprojects sold. You didn’ t know when it was going to end and the backlog wasrunninf out.” The private company doesn’t disclose revenur figures, but Namaste’s 2008 sales jumped by triple digitsa from 2007, Jones said.
Namaste considered layoffs because of a lack of new sales through the fourthb quarterof 2008. But since the stimulus act was Namaste has hiredtwo new, full-timw employees, for a total of 55. It’as re-started pre-installation work on the largedr commercial projects left hanginglast fall. Jones said he expecterd some of those projects to be installed this The company is contemplating expandingh itsDenver office, currentluy in Lower Downtown.

Erie Indemnity to Host Third Quarter 2012 Conference Call and Webcast - iStockAnalyst

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Erie Indemnity to Host Third Quarter 2012 Conference Call and Webcast iStockAnalyst ERIE, Pa., Oct. 4, 2012 /PRNewswire-FirstCall/ -- Erie Indemnity Company (NASDAQ: ERIE) will host an audio Webcast with the financial community to discuss financial results for the third quarter 2012 on Friday, Nov. 2, 2012 at 10:00 a.m. Eastern Time.

Other views: Body language holds key to victory - USA TODAY

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Other views: Body language holds key to victory USA TODAY ... The Atlantic: "Civics teachers won't want to hear this, but the easiest way to judge 'victory' in many debates is to watch with the sound turned off, so you can assess the candidates' ease, tenseness, humor, and other traits signaled by their body ... and more »

American to cut 1,600 jobs - Tampa Bay Business Journal:

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American Airlines, a subsidiaryt of Fort Worth, Texas-based AMR (NYSE: AMR), said 1,200 flight attendanrt positions will beimpacted nationwide, along with 300 airporf services staff members and 50 cargo service positions. Flight attendan t cuts will be made on a basis of As is customary inmost layoffs, American Airlines said voluntaryt exit packages will be offered to employeezs who may want to retire In addition, 40 previouslt announced job cuts will be made at the airline’s Kansas maintenance facility. Tim a spokesman for American Airlines, said the layoffs were made in conjunctio with capacity reductions announced by American Airlineson Thursday.
In a letter to American Airlines employees released the company’s senior vice president of human resources, Jeff Brundage, “These reductions come as a resulf of our efforts to 'right size' our operatioj and respond to the weaker demand for travel by reducinv our schedule, including seasonal changes, and addressinh lower-than-expected attrition.” Brundage in his letter added that the cuts coincided with CEO Gerard Arpey’s announcement that the airline will be cuttintg its capacity by 7.5 percen due to lower consumer travel demands.
Year to date throughy April, American Airlines was the fourth busiesr carrier at TampaInternational

Sixteen killed in Mexico road crash - The Australian

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Latin American Herald Tribune

Sixteen killed in Mexico road crash The Australian Three children, including two baby girls, 10 women and three men died in Saturday's accident, the Coahuila Attorney-General's Office said in a statement. The accident occurred on the Matamoros-Viesca highway when the truck apparently hit a van carrying . .. Sixteen Die in Mexico Road Crash RIA Novosti Mexico road accident kills 16 people going to a birthday party GlobalPost Mexico: Road accident leaves 16 dead Parda Phash  »