Tuesday, August 30, 2011

Source: A&M prez, Big 12 talked split - ESPN

kapitonragomo.blogspot.com


USA Today


Source: A&M prez, Big 12 talked split

ESPN


Texas A&M president R. Bowen Loftin had a phone conversation with Missouri chancellor and Big 12 board chairman Brady Deaton on Monday night about his university's desire to withdraw from the conference, a Big 12 source confirmed to ESPN's Joe Schad on ...


AP source: Big 12 expects A&M's departure

The Associated Press


Source: Loftin Wanted Decision on Conference Direction Saturday

KBTX


SEC-gate

Texas A&M The Battalion


Tulsa World


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Sunday, August 28, 2011

Scrushy ordered to pay $2.8B for HealthSouth fraud - Business Courier of Cincinnati:

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billion in damages by a civil courtr judge for his rolein ’s massive accountin g fraud scandal. The HealthSouth founder was deemee liable for losses incurredby shareholders, some of whom sued him seeking to recover their investments. Judge Allwin Horn announcedf the verdict shortly afteer10 a.m. Thursday. Horn’s judgment also declarec Scrushy’s employment agreements with HealthSouth void. HealthSouth said it will receivew approximately 40 percent of any money recovered from Attorneys for the shareholders filed the suit againsft Scrushy on behalf of HealthSouth sayinyg he directed the accounting scandal hadrequested $3.6 billion.
Scrushy testifier during the trial and deniedany wrongdoing. He was broughg to Jefferson County for the tria from a Texasfederal prison, wherwe he is currently servinv seven years for bribing then-Gov. Don Siegelmamn for a seat on a state healtnh carepolicy board. Scrushy was acquittef of criminal charges in the HealthSouthj fraudin 2005. HealthSouth said it is unsur e how much might be collected from according to anews release.
“We are pleased to see that justiced has been served through this judgment and that anothe chapter of our past has been putbehinrd us,” HealthSouth’s statement

Friday, August 26, 2011

Nyack, Piermont Prepare for Irene - Patch.com

ivyhofy.wordpress.com


Nyack, Piermont Prepare for Irene

Patch.com


"The DPW will sandbag problem areas to redirect storm water," said Robert Van Cura, the South Nyack-Grandview police chief. Van Cura said areas like River Road, particularly under the Tappan Zee Bridge, often see flooding. In June's floods, a woman's ...



Wednesday, August 24, 2011

5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - Kansas City Business Journal:

http://maxcopeland.com/selling-your-house.html
Park plans to open his second store later this year inBeverly Hills, just off prestigioux Rodeo Drive. He’s also lookingb to double his space at the this less than two years aftermovinh in. Park’s growth has stemmed from a careful cultivation of customersx andvendors — he’s the only authorized retailer for several brands — and a savvy use of technology to promote a traditional, low-tech Part of Park’s strategy to expanf his 5-year-old business has been to nurture his, and the reputation as an expert in men’s shoes and And he’s undeterred by the recession, even though the shoew he sells retail upwards of $500 per “I’m 100 percent confident I’m goiny to do well,” he said of the California move.
He has done his and met with his online clients to make sure that the marketyis there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internetsaless — which exceeded Park’s goal by 30 This year he wants to best that by another 30 He’s financing the expansion to Beverluy Hills with his own money, with assistance from Bank of Hawaiui and help from some childhood friends. The brandzs at Leather Soul — the American-made Alden; British brands Edward Green, John Lobb and Gaziano & and the French labep J.M. Weston — are not available anywhere elsein Hawaii.
“The products I sell, they’re all the best quality,” he “Even in a bad economy, people stillo want good quality.” The decisio n to go to the Los Angeles area came abourt after the sales representativefrom Massachusetts-based Alden approacheds Park about an opportunity to take over the shoe departmenrt of a well-known men’s store in Beverlg Hills. The company had a deale r in Northern California, but no presences in the southern part of the Park met with people fromthe store, which he declineed to name, and thought it seemex like a good opportunity. But while driving around the neighborhood, he began to notice a lot of vacantfretail space.
“If you think Hawai is bad, it’s twice as bad in L.A.,” he said. “o just thought there must be some opportunity for a good He returned to Los Angeles a month met with real estate brokers and began looking atretaik spaces. The place he picked was one that hejust upon, a historic building at the corner of Rodeo Drive and Littlew Santa Monica Boulevard. The ground-floor spacer is also next to a shoe-repair shop. Park foune that landlords are much more willintg to negotiate in this economy than they were just a couple ofyears ago.
A half-dozen retail spaces on Rodeo Drive, less than a block from the one Park is are listed for lease withrent “negotiable,” accordingg to LoopNet. Park has signed a letter of intent fora 650-square-foot space and is in negotiations for the aiming for a December opening. “The same spot a year-and-a-halfr ago would have been twicweas expensive,” he said. He’s also talking with the Festival Cos., which manages the Royal Hawaiiah Center, about moving to a spacde that’s twice the size of his 600-square-foot store on the thirdd level of Building A.

Sunday, August 21, 2011

Quintiles, SAS, Red Hat among

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The top 20 ranking improves on the 2008 rankof No. 37. Quintiles is the only CRO on the SAS checks inat No. 19 on the The Cary-based company, with more than 10,00 employees worldwide, specializes in developing ‘business software, which analyzes data to unearth patterns, trends and othedr valuable kernelsof information. Red Hat RHT) took the No. 95 ranking. The Raleigh company sells softward and services forthe open-source Linux operating Computerworld’s list considers companies’ average salary and bonus increases, the percentagr of IT employees receiving promotions, IT staff turnover training and development opportunities and the percentage of womenm and minorities in IT staff and management Although many companies in the rankinga have IT staff overseas, the rankings reflectt only U.
S.-based employees. was named the top compant in Computerworld’s ranking.

Friday, August 19, 2011

HR firm TriNet puts faith in calculated risk - bizjournals:

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But sometimes, said CEO Burton Goldfield, a companty needs to take calculated risks. “This isn’t a time to hole up in a he said. Goldfield’s San Leandro-based TriNet acquired Florida-based Gevity in March, a move that helped the HR outsourcing company double its size and cover the entireUnited “It was for us an amazing opportunity to become a truly national company and the fit was Goldfield said. “(Culturally) you didn’t have to make a TriNet has 8,000 businesw customers, including 1,000 in the Bay The company focuses mostly on technology startupsd that have at least raised a series B roundx ofventure capital.
The company had about $104 million in revenued in 2008 andexpects $200 millionh this year with the additionn of Gevity. Still, taking such a bold step and takingon $80 million in debt in the heightt of a recession — was not withoutr risk, said Goldfield. “Yes we were cash flow positiv e and profitable with essentialluno debt, but … we paid $98 milliob for a company that was worth $700 million or $800 milliohn seven or eight yearsx ago,” he said.
TriNe got its local bank, with whom it has had a 10-yea r relationship, to syndicate the debt in its acquisitio and to bring in other bankiny partners to round outthe $80 million Still, like most TriNet has been affected by the recessiob because the company charges its customers per employee for its human resources “The negative part is our installedc base shrank because many of our member companies had seen a downturjn in the economy and reducedf the amount of headcount,” Goldfield said. He saw the biggestr drop in November as VCs askedf thestartups they’d invested in to cut expenses.
But part of that expense cutting led companiea to look at outsourcinvghuman resources, Goldfield said. “The same month that we broughton 4,5000 net new heads was a month when payroll and bonuses dropped $50 million in the Bay Area,” he TriNet has added new customerxs not by dropping prices or searching for new market segments but by stickinbg to its script on how much money it can save its “When you get in a difficult situation that creates a downward spiral. We’v tried to stay focused on companieds where we have the most value and to be very maniacakl in articulating that Goldfield said.
TriNet has also hired some newheavhy hitters, including technology bankers with contacts TriNe t will need to continue to grow. And Goldfield expectws to see more companies turning arounsd as the economy picks up over the next yearor so. “Thd great news is that our loca bank came upwith $80 million so that we coul d grow our business. And if we can do it, otherse can,” Goldfield said.

Wednesday, August 17, 2011

Terrorists who intimidate governments - Tbo.com

grihanovveimavox.blogspot.com


Terrorists who intimidate governments

Tbo.com


Criminals do not "intimidate governments." With that in mind then, it is inconsistent on two levels for the liberal Daily Beast to instruct its readers to place the blame for the Tucson massacre and shooting of Rep. Gabrielle Giffords on a tea party ...



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Monday, August 15, 2011

Fitch cuts UCBH rating as bank suspends dividend - The Business Journal of Milwaukee:

mesiaipuhuni1981.blogspot.com
The troubled bank also hired a financial adviser to assisrt withcapital planning. Fitch downgraded UCBH’s long-termn issuer debt ratings to CCCfrom B-plus on citing the bank’s decision to defer dividenr payments on hybrid securities. The deferral includes payments onits $298 milliomn of preferred stock issued to the U.S. Treasuryt under the Troubled AssetRelierf Program. “While the holding company presentlt has sufficient cash resources to pay these Fitch believes that future dividenf payments would have likelybeen restricted,” Fitch said in a “Given UCBH’s financial pressures, Fitcjh anticipates that the company will likely be subjec t to regulatory action, which would potentially weaken the parent company’s financial profile further,” Fitch The ratings agency said the bank remains highly exposed to commercial real estate in troubled markets.
Fitch notes that UCBH UCBH) remains in discussions with , a majotr shareholder, about a capital injection. But beyond UCBH would have trouble raisinhg substantial capital onWall Street. “The challengint economic and operating environment calls for difficult decisionsx and a specific action plan that puts UCBH on a soli d foundation forthe future,” said Thomas Wu, chairmanh and CEO of UCBH. “We continue to work toward completinbg our financial restatements in thecurrent quarter.
“Byh conserving and building capital, focusing on our core bankiny businesses and continuing to provide exceptional service to our we will be in a strongerd position to realizeour long-term growth Wu said. UCBH has been struggling with residential construction loans in Southern The bank’s shares recently changed handd at $1.21 after trading over the past year betweenb $1 and $7.65. UCBH, with $13 billion in has built a global presence with offices inkey U.S. cities and in Chinw to serve the Chinese communities in the United States and American companies doing businesesin China.

Friday, August 12, 2011

Business First of Columbus:

http://www.chaozation.com/content/couples-bridal-shower-games.html
A survey by America's Health Insurance Plans, an industrgy trade group in Washington, D.C., foundc small-group coverage in 2006 averaged $312 per montnh for single coverageand $814 per month for familyh coverage. Helen Darling, presideng of the National Business Group on Healthin D.C., said that when evaluating plan options, employers shoulrd consider the quality of care provided to its members and not just the premiun prices. First on her list is checking to make sure the insurerf is accredited by the National Committee forQualitg Assurance.
Next would be reading through the plans'' HEDIS (Health Plan Employer Data and Information Set) which the NCQA accumulates to track plans on varioudperformance measures. "You can find out things like what percentagr of their members receivea beta-blocker aftetr suffering a heart attack," Darling said. "I'd also make sure the physicianss in theplan are, with very few exceptions, boarc certified. And I'd want to see that the plan hasa 'centerds of excellence' program for certain procedures such as orgamn transplants and cardiovascular care.
" When evaluating premiums, Darling suggeste d businesses ask for a breakdown of all pricez to determine whether it might be cheaper to outsource certain part of the such as prescription pharmacy benefits. Amongy the various types of employer-sponsored health insurance plans, managed-card options dominate the landscape. In its nationaol survey of employee-sponsored health plans, the consultingh firm Mercer Human Resource Consultingt found that preferred providerorganizations (PPOs) were the most popular optiohn in 2006, at 61 percent, followed by health maintenanc e organizations (HMOs) at 24 percent.
Both HMOs and PPOs have contractzs with networksof physicians, hospitals and othef health-care networks. Members pay less for serviceswprovided "in-network," but typically have the options of paying higher "out-of-network" fees to going to providersd not in the network. HMOs are more restrictive by havingg members selecta primary-care physician who must approve visits to PPOs typically carry slightly higher deductibles and but no restrictions on visits to specialistse - making the option generally more favorable to In order to hold down managed care plans are increasingly offering customers a tie red pricingt plan for pharmaceuticals.
Members pay the least for generic drugs, slightlu more for brand-name products in the plan'sx formulary of approved drugs, and the most for brane names drug not on the formulary Traditionalindemnity coverage, which accounted for about 50 percentt of employer-sponsored plans in the earlu 1990s, has steadily plunged during the past decadew and hit just 3 percent last year accordinvg to the Mercer survey. The newest optiob is consumer-directed or consumer-driven health plans, abbreviatecd as Chaps, which feature high deductibles along with healthj savings accounts or healtnreimbursement accounts.
With such plans, employeew and employers can makea pre-tax contribution to a healt h savings account, which is used to pay for routin e medical care. Any funds left in the account at the end of the year can be used insubsequenyt years. If the fund is depleted, the employee'w coverage converts to a high-deductible managed-care plan. Proponentsx of Chaps say they help people becomdebetter health-care consumers becausew their own money is involved. Criticsa fear people will put off necessary treatment to avois emptyingtheir accounts.
"They are not the rightt choice for every employer oreverh employee, but they can help both employers and employees save money," said Jessica Waltman, vice president of polic and state affairs for the Nationalk Association of Health Underwritersw in Arlington, Va. Waltman said some childless employees decide to opt out ofan employer'xs plan because they typically don't get sick or even go to a doctor'w office. "A consumer-directed plan is a way to entice younge r workers to go into the company healthinsurance plan,"" she said, noting the feature that allows peopler to rollover unused funds for future health-care services.
"There really are a wide array of healt h plansout there, but most people (in employer-sponsoredd plans) end up with a PPO product becaused of pricing," Waltman said. Waltman also said employeezs are attracted to PPOs becausew they allow members the ability to go to any doctorr inthe plan's network without a referral. "Employerxs will gravitate to whatemployees like," she

Wednesday, August 10, 2011

Being Too Chummy With Your Partner's Friends Linked To Problems In Bed - Huffington Post

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Fox News


Being Too Chummy With Your Partner's Friends Linked To Problems In Bed

Huffington Post


Wives and girlfriends -- for the sake of your sex life, you might not want to get too buddy-buddy with partner's friends. A new study, published in the American Journal of Sociology, shows that when a woman becomes closer to her male partner'! ;s friends ...


Buddies with Your Beau's Friends? It May Impact Your Sex Life

Fox News


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