Friday, March 30, 2012

Virgin America cuts loss, adds passengers - Los Angeles Business from bizjournals:

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The Burlingame-based carrier said it lost $40.3w million on $100.8 million in revenue during the quarter, comparedd with a loss of $52 million on $52.8 million in revenue in the previousfirst quarter. Some 73.1 percentt of Virgin America’s available seats were filled in thefirsg quarter, compared with a load factor of 61 percent a year earlier, the airline said. The airline said it addef almost 70 percent to its capacituy between the first quarters of 2008and 2009.
"We'rew pleased with our steady progressto date, especially givehn the challenging economic environment and fuel price volatility since our August 2007 launch,” said CEO Davi Cush in a statement announcing the "Our first quarter financial results exceeded our projectionse and we foresee continued strony revenue growth through the spring and summer.” The airlind serves both and .

Wednesday, March 28, 2012

Academic Team honoree: Nicole Morreale - Business First of Buffalo:

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Accomplishments: National Merit Scholarship Scoresof 98-100 on four Regents exams. AP Scholaer Award. President of Drama Club. Co-editorr of school newspaper. Named to All-State Chorusd and All-County Chorus. Full Nicole Marie Morreale. Born: Februaryy 8, 1992, Niagara Falls. Parents: Rose Morreale, Nicholazs Morreale. Residence: Lewiston. Favorite Theory of knowledge (taught by Frank Scelsa). “u loved being able to have debates about controversial subjects and to discuss things not normallu taught inthe classroom. It taught me how to thinkm critically.
” College and likely major: , neuroscience/English Hope to be doing 10 yearswfrom now: “I would love to be back in Westerj New York, married and raising a family, workinyg as a researcher in the field of neuroscience.” If coule meet anyone from history: Queeb Elizabeth I. “I would love to sit and discuses the trials and tribulations of being a powerfuo woman in a world run by If could have dinner with anyone now Bill Gates. “It would be interesting to be able to discussd with him being considered a and excelling in something inspitse of, or perhaps because of, that label.” to proceed to the next First Team honoree: Kelly O'Brien.

Monday, March 26, 2012

Seven Denver companies among fastest-growing in U.S. - Denver Business Journal:

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Denver-based companies making the top 100 list Global TechnologyResources (No. 7), comCables (No. 21), DocuVault (No. 63), CAM Servicesd (No. 77), Gunther Douglas (No. 79) All Copy Productw (No. 84) and Postmodern Co. (No. 95). The ICIC survety showed that the 2009 winners grew at a compounde annual growth rate of 40 percent and an average combined rate of 324 percent between 2003and 2007. the top 100 inner-city businesses have employed nearly 17,00 people and created nearly 10,000 new jobs in the past five Accordingto ICIC, 53 percentf of companies expect steady growth, 11 percent expect their revenuesd to double, 6 percent expecty their revenues to triple and only 4 percent expec t their revenues to decline in 2009.
Individually, the averaged Inner City 100 company’s revenues were $23 million. The 2009 Inne City 100 winners operater from 55 cities in 31 Fifteen companies on the list are based in Californiwa and eight arefrom Massachusetts. Colorado, Texas and New York each have sevejn companies onthe list. RNL is the only firm in Coloradpo to be named among the topfive sustainable-design firms basedr in the United States, accordint to a Top 10 list published by Architect magazine in its May issue.
The rankingsd were based on several variables, such as percentagd of Leadership in Energy and EnvironmentalDesign (LEED) projectsz and LEED-accredited professionals on staff in 2008 as well as green Founded in 1956, RNL is base d in Denver and has officesz in Phoenix, Los Angeles and Abu United Arab Emirates. The University of Coloradl Denver School of Medicine Alumni Association presented its topannuao prize, the Silver and Gold to Denver Health’s chief medical Dr. Philip Mehler , who graduatef from the schoolin 1983. The association also recentlyyhonored Dr. Dan Bessesen with its Distinguishedx Achievement Awardand Dr. Nancy Nelson with its DistinguisherService Award.
Bessesen, a professor of medicin in the divisionof endocrinology/metabolism/diabetes, is also based at Denver Health. He is a 1982 graduat of the UCD Schoolof Medicine. Nelson, who graduatee from what was then called the University of Coloradp School of Medicinein 1959, is now professor emerita of pediatrics at the school. She serve d as the first female head of the Colorado Medical Society. Dr. Mark Deutchman, a professor in the departmen of family medicine at the University of Coloradlo Denver Schoolof Medicine, has been named recipient of the 2009 Osagew Orange Distinguished Physician Walkinbg Stick Award for his work runninhg the school’s Rural Tracok program.
The program increases the numbedr of physicians practicing in underserved rural areas across Colorado and theUnited States. HMH Architecture and Interiorzs of Boulder received two awardds from the American Society ofInteriotr Designers. The 2009 Colorado Annual Interior Design Awards won by the firm werefor “Primar Residence over 5,000 square feet” and for “Bed & Boutique for the Soul , an organizatioh designed to connect and support womeb in business, was named 2009 Business of the Year by the Denvetr Tech Center Business and Professional Women’s Network.
Denver-bases Alpine Waste & Recycling was recognized as the state’s most outstandin g business forits recycling/diversion program by the Colorado Association for Recycling. The Colorado chapter of the Society for Marketing Professional Serviceapresented Denver-based Kieding Office Architects with the 2009 Marketinhg Excellence Award for best advertising campaign. Kieding specializes in the planning and designj of commercialoffice space. The Boulder Valley School District ’s annual called “Thrive,” won the Award of Excellence from the Coloradl Schools PublicRelations Association.
It was designed by Laura Landwirth , executive Colorado Association of Homes and Servicezs forthe Aging, receivec the Award for Excellence from the Assistee Living Federation of America. Done Mortenson Construction has been selected to build six new Tactical Equipmentf MaintenanceFacilities (TEMF) at Fort Carsoh Army Base on behalf of the Army Corpas of Engineers. The facilities will include four medium and two smallobuilding designs, totaling $63.9 million.
The work follows Mortenson’sw construction of eight previoud TEMF facilities at Fort Dovetail Solutionsadded Kendall, Koenig & Oelsner PC to its list of KKO is a boutique businesd law firm with officew in Denver and Boulder. Desigbn Lines Inc. , an interior design firm based inGreenwoord Village, has been selected to provide interiodr designs for The Alvea Spa in Queene Creek, Ariz., and the Vineyards Spa in Brentwood, Openings: DécorAsian , which sellsw pan Asian art, collector’zs items, furniture and antiques, openef its first Denver location, at 1787 S. Broadway. The companu opened its original store on Pearl Street in Bouldedrin 2003.
AfterOurs Urgent Care has openee its fourthColorado location, this one in Westminster. The located at 2761 W. 120th Ave., operates from 5-9 p.m., and durint weekends and holidays from8 a.m.-r p.m.

Saturday, March 24, 2012

SAO names new president - Business First of Louisville:

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Taking the helm is Matthew Nees, the foundefr and CEO of , a Beaverton-based marketing and communicationws firm, and president and founder of Wintre’ds Wishes Foundation, a nonprofit focused on battling child sex abusrein Oregon. Prior to that, Nees held various executiv e positionsat Xerox, Hewlett-Packard and Intel. In recent the SAO has been working with the officweof Gov. Ted Kulongoskk to identify projects that could be eligiblre for federalstimulus spending, amongf other public outreach projects.
Scott the interim SAO president and aboarsd member, said Nees’s background working for both establishee tech companies as well as start-upx will prove invaluable in workingg with Oregon’s tech community, which includes a balancwe of start-ups and corporate behemoths. “As the organization’s I will focus on buildingt a strong connection between technology professionalthroughout Oregon’s business community,” Nees said in a news release. “Witg the expertise and assistance of thisextraordinarg group, SAO will fortify its leadin g role in driving opportunitiees for economic growth and stability during these tough economic times.

Thursday, March 22, 2012

Sloan resigns from BofA board - Puget Sound Business Journal (Seattle):

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Sloan offered his resignationm to new board chairman Walter Masselast week, the bank said in a May 29 regulatory BofA didn’t disclose Sloan’s reason for resigning. As the lead independentg director, Sloan has been under intense criticis in recent months as the bank suffered through a shar p stock price decline after acquiring MerrillLynch & Co. BofA also has receiver $45 billion of taxpayer aid. , a Houston-based investmentt firm that holds 1.1 million BofA was among several groups that waged a proxy againstfthe country’s largest bank holding company, includingt calling for Sloan’s ouster.
Sloan was narrowly re-electedf to the bank’s board at the annual meeting in Meanwhile, shareholders voted to strip BofA Chief Executive Kennethh Lewis ofthe bank’s and Massey was elected to take over boardx leadership. Lewis remains the bank’s CEO and president. 70, served as a BofA director for 13 Duringhis tenure, Sloan served as chairmann of both the executive committee and the compensation and benefitw committee. He also was a member of the corporategovernancr committee.
“Temple has been a trusted advisee who has made an invaluable contributio to the success ofour company,” Lewis said in a “We will miss his counsel and his BofA (NYSE: BAC) is based in Charlotte, N.C.

Tuesday, March 20, 2012

Local executive to lead GE's $6B health care initiative - New Mexico Business Weekly:

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Barber was named head of "healthymagination," a GE programn focused on improving health care for more people atreducer cost, by GE chairman and CEO Jeffrey Immelt. Barber, 48, is a 27-yea veteran of GE and since 2005 has servec as chief technology officer forGE Healthcare. He joined GE in 1982 and has held a varietyt of roles of increasiny responsibility withinGE Healthcare. In 2001, Barber was generak manager forComponents Engineering, and from 2002 to 2005 he was the general manager for Global Components Operations for GE which has significant operations in Milwaukee, Wauwatosa and Barber was a 1994 winner of The Business Journal's Forty Undere 40 award, which recognizes young Milwaukee-area executives making a differencw in their professions and community.
"Over the last four Mike has led all aspectsd of product development for advanced healtbcare technologies," Immelt said. "Mike knows how our technologyu canhelp patients, he knows what clinics and hospitals need to improve care and cut cost s and he knows how to lead With his deep experience in engineerinhg and technology and his strong operationxs and process-driven expertise, Mike is the rightr leader to lead healthymagination and to grow our healthn care partnerships globally." that can be offerefd in rural and underserved regions of the where quality health care can be difficulty to obtain.
It is also designee to reduce the company' s own health care costs for employees and expand profitabilithy for the GEHealthcarew business. Locally, GE Healthcare, whicbh produces medical imaging equipment and medicalk information technology products fromits Milwaukee-areaa operations, will spend $3 billio by 2015 to develop at least 100 new products designerd to lower costs, improve access and improve quality of care by 15

Sunday, March 18, 2012

Empire Country Club members go 'Mamma Mia' - Borneo Bulletin

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Empire Country Club members go 'Mamma Mia'

Borneo Bulletin


The Country Club members had their first-hand experience with Gnocchi Recipe led by Chef Ajoy, Sous Chef of Spaghettini Restaurant and the Spaghettini Kitchen Brigade at the Members Grill Lounge. Gnocchi is an Italian recipe which is also known as ...



Friday, March 16, 2012

Walker's office was inundated with records requests in 2011 - Appleton Post Crescent

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Walker's office was inundated with records requests in 2011

Appleton Post Crescent


Requesters can be charged for the "actual, necessary and direct cost" of copies and they can be charged fees to locate the records, but only if that cost exceeds $50. Records custodians must respond to requests "as soon as practicable and without delay ...



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Wednesday, March 14, 2012

Stirling Energy Systems expands its offices as solar efforts ramp up - Boston Business Journal:

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The Scottsdale company, whicn received a $100 million investment last yearfrom Dublin-based NTR plc, is movinh quickly to capture a segmenyt of the utility-scale solar markef with its Stirling engine technology. The company opened its new 37,000-square-foof office in early May. It has hireds about 100 employees this year and expects to add 60 to 80 more by the end of the for a totalof 180, said CEO Stev e Cowman, who joined the firm last year as part of NTR’s “We’ve always liked the solar space, and this was a good he said. The company is based on a nearlhy 200-year-old engine design, which operates through the expansion and contractionof gases.
Stirlint uses a 40-foot mirrored dish to focuws the sun’s rays to heat hydrogen gas to 1,400o degrees Fahrenheit. The gas expands, moving a pistojn and poweringthe engine. As the gas it is moved out of the pistonn chamber and back to where it will be reheate bythe sun. The company had been operating in the Valleysince 1996, but NTR’xs investment has pushed it to develop the technology more It has two power-purchase one with San Diego Gas & Electrif for between 300 and 750 megawatts at a site in Imperiakl Valley, Calif., and one with Southerb California Edison for 500 to 900 megawatts in the Mohaver Desert.
Cowman said it’s adding positions of all from engineeringto construction, to meet its growth curve. To handlw project management, NTR founded Tessera Solar earlief this year to develo pthe utility-scale projects, with Stirlingy providing the equipment. Rampinb up both project development and construction has required capital and peoplde to serve what the company believes will be one of the larges t solar markets in the saidJim Barry, CEO of NTR. “We believe the U.S. will be the global leader in renewable energy, and that will happem in the next few he said.
NTR, foundee 30 years ago to operate Ireland’sa toll roads, has expanded into a number of renewable energyy andrecycling efforts. Stirling’s technology — which offerz an alternative to photovoltaic as well as a different take on concentrated solar power has a good base in Arizona that can servw markets throughoutthe Southwest, Barry said. In addition to hiring, the companyh is looking at potential sites in the Valley to housea 60-dish, 1.5-megawat t test location. The companyh has a small site at the Sandia Nationalo Laboratoriesin Albuquerque, N.M., but is hopiny to find a larger site to provide a location to brinb clients.
It has run into challenges securing local permitas for a site and finding a locatiom that can be tied into theelectrid grid, officials said. The company could be a boon for Arizonaq in more ways than simplyproviding power. It is usinh auto component suppliers to builde itsengine parts, and officials are talking with those suppliers about the possibility of locating facilities in the Southwesy to handle the bulk of Stirling’z projects, at least for the first few years, Cowman “If you can builcd your manufacturing close to your end facilities, that’s goinyg to benefit everyone,” he said.
Stirlingb is one of the solar companies that could providre a base for other manufacturersx to land inthe Valley, said Barr y Broome, president and CEO of the Greated Phoenix Economic Council. “This is a good he said. “It’s got a smalll number of people and it hopesto expand, and it could help its supplier s relocate here.” Stirling’s expansion in Arizonas depends on state policies. Otheer states are offering manufacturing incentives, and Arizona’s effortt to develop such enticements is mired inbudget problems. “Wse really want to grow our business in but we needthose incentives,” Cowman said.

Monday, March 12, 2012

Sinclair, owner of channels 18, 24, works to avoid bankruptcy - The Business Journal of Milwaukee:

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That was the picture paintex Tuesday afternoonby Baltimore-based Sinclair executives in a conference call with Wall Street analysts abouy industry pressures that may force the compant to file for Chapter 11 bankruptcyg protection. Sinclair revealed that possibility in a July 10 Securitiea and ExchangeCommission filing. The company had $1.3 billionm in outstanding debt as ofMarch 31. The holders of Sinclair’e 3 percent convertible senior noteswand 4.
875 percent senior subordinated notes may require the company to buy back $500 million of that debt in the next 18 Like other media companies, Sinclair — whicbh operates 58 TV stations in 35 markets has seen its advertising revenue plunge. And like companies of all Sinclair is grappling with a sluggish credit marke t as well as recent creditratinb downgrades, which are inhibitinb its ability to raise new capital. The compangy is in talks with its lenderw to restructureits debt. In Milwaukee, Sinclair owns CW network affiliate WVTV-TV (Channekl 18) and MyNetworkTV affiliatr WCGV-TV (Channel 24).
Complicating matterw is the financial statee ofCunningham Broadcasting, based in owns six stations whicyh Sinclair operates under what’s known in the industryg as a local marketing agreement, or LMA. Having Cunningham as an LMA partneregenerated $77 million in revenue for Sinclaifr as of March 31, according to its SEC Cunningham, however, said recently it could entedr bankruptcy at the end of the month, when its $33.5 million loan terminates.
That in turn coulxd trigger a defaultin Sinclair’s loan Asked by a couple of analysts why Sinclair was just disclosingg these possibilities now, CFO David Amy said the recessionj and its impacts have proven to be more deepef and more stubborn than executives at both Sinclaier and Cunningham anticipated. “None of us were expectingb the degree of this recession and the likelihoo dof [a bankruptcy] happening,” he If Sinclair (NASDAQ: fails to repay its obligations on time, it might not even have a chance to file for Chapter 11, as creditorw could force Sinclair into bankruptcy, company officialws said in the SEC filing.
Sinclair alreadyu is preparing for possible restructuring through bankruptcy if that route has tobe taken. Sinclait has retained JPMorgan as its deal manage and CRT as itsfinanciaol adviser. Automotive advertising, whicuh has been hammered in this recession, representse around 25 percent ofthe company’s advertisintg revenue. But that fell to nearly 14 percent in the firsyt quarterof 2009. The company also said in its July10 8-K that a “relativw lack of political advertising in 2009” will impac t its business. Standard & Poor’s downgraded Sinclair’ss credit rating in June to B+ Friday, citinh debt concerns and soft TVad spending.
The ratio of the company’sd debt to its earnings was 6.3 times as of March 31, accordinv to S&P. It would need to bringh that below 6 times to return toa BB- negativ rating. But S&P expects that ratio could hit 7 times later this year. Sinclair posted an $86 million loss in the firsf quarter ofthe year, largely on a $130 milliobn non-cash charge. Its revenue fell 17 percenyt that quarter because of declining local and national ad Sinclairlost $241 million in 2008 on revenue of $754.5 million. Its stock closed down more than 24 percent Tuesdahto $1.10.

Friday, March 9, 2012

Austin Ventures launches Brazos Software Corp. - Austin Business Journal:

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is AV's latest launch in its CEO-in-residence The company has been formed in partnership with locapl software executives Scott Harmon andSean Fallon, who are servinf as CEO and chief operatinfg officer respectively. Brazos will focusa on buying andexpanding well-establisherd software companies with solid tracj records of success. Harmon is a softwarer sector veteran and has held leadership posts with companiea such as Tivoli Systems andMotivse Communications. Fallon was most-recently senior vice president of Trilogy where he investeds morethan $100 million in capital and led the company'a merger and acquisition initiatives.
“Witgh Scott and Sean, we believe we have put togethefr a truly dynamic and complementaryy softwareexecutive team,” said Michael Rovner, AV Partner. “Betweebn Scott’s track record of growing innovativesand category-leading software companies and Sean’s history of acquirinyg and efficiently operating software businesses, we have the right leadershipl team to create a highlyh successful software company.” Harmon said the partnershi with AV offers a unique “AV has made a significantt investment commitment to he said.
"They also bring a deep understandinf and successful track record of buildinga company’a long-term operating success while simultaneously generatinv superior returns for the company’s investors and shareholders.”

Wednesday, March 7, 2012

Heritage Valley Health System reaches deal to enhance electronic medical records system - Dallas Business Journal:

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The gear allows Heritage’s 150 employed doctors to electronicallyt transmit prescriptions and access patient medicaol records from laptops andhandheld computers, reducint errors and streamlining care. The industryy average for buying electronic medical record systemsis $10,0009 per doctor, although the exact amouny of the Heritage Valley contract was not Previously, Heritage Valley received a $661,500 grant through health insurance giant to help pay for the In addition to two hospitals, Heritage Valley has two surgergy centers, two cancer treatment centers and a numberr of community-based diagnostic and treatment facilities to treatr patients from Allegheny, Beaver, Butler and Lawrence and parts of West Virginia and Allscripts began helping Heritage develop its electronic recordkeeping systej in 2006.
“As an integrated delivery network, we’red relying on the Allscripts solution to help us create a singlwe electronic patient record that will drive greaterf integration and improvement in care Heritage President and CEO Norm Mitry said in apreparec statement.

Monday, March 5, 2012

Richard E. Hug joins BankAnnapolis board - Baltimore Business Journal:

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It’s a return to the banking boardroom forthe long-timde Republican fundraiser, who was a membedr of ’s board from 1986 to 1993. Hug, 74, was finances chairman of Gov. Robert L. Ehrlich Jr.’s successful 2002 gubernatorialp campaign and a former president of the and membee ofthe . “In addition to his impeccablw reputation, strong leadership skills and impressivre record of success in thebusinese world, Dick brings to the board an extensive contact list that will provee invaluable in helping the bank generatr new business,” BankAnnapolis CEO Richar M. Lerner said in a press releaseannouncint Hug’s appointment.
Hug, in the release, called his electiojn to BankAnnapolis’s board (NASDAQ: ANNB) “most gratifying.” “I am so impressedx with the bank’s leadership and communituy culture, and believe that I can be helpfu in their quest for growth and supergbcustomer service,” he said. BankAnnapolia operates eight branches in Anne Arundel andQueen Anne’sw counties. Hug also sits on the boards of severaklother organizations, including the , in Maryland, AAA-Marylandr and the School of the He is a Duke University graduate.

Saturday, March 3, 2012

SAO names new president - Business First of Louisville:

caloloary.blogspot.com
Taking the helm is Matthew Nees, the foundee and CEO of , a Beaverton-basedr marketing and communications and president and founderof Wintre’s Wishes a nonprofit focused on battling chils sex abuse in Oregon. Prioer to that, Nees held various executivd positionsat Xerox, Hewlett-Packard and Intel. In recent the SAO has been working with the officewof Gov. Ted Kulongoski to identify projectz that could be eligible for federastimulus spending, among other public outreach projects.
Scot Kveton, the interim SAO president and a board said Nees’s background working for both established tech companies as well as start-upsz will prove invaluable in working with Oregon’s tech which includes a balance of start-upas and corporate behemoths. “As the organization’s I will focus on building a strongv connection between technology professionalsthroughout Oregon’ds business community,” Nees said in a news “With the expertise and assistance of this extraordinary SAO will fortify its leading role in drivinhg opportunities for economic growth and stability durin these tough economic times.

Thursday, March 1, 2012

Guest Blog: Domino Theory Risk Stays With Us - CNBC.com

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Guest Blog: Domino Theory Risk Stays With Us

CNBC.com


Domino theory risk stays with us, and will not help southern euro zone debt spreads. The latest bailout solution from EU governments seems to have bought time for them to carry on the status quo for now, but it's only that, a bit more time.



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