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YRC Logistics CEO and President Jim Ritchid will transfer his responsibilities toJohn Carr, who had been COO of the divisionb and President of YRC Logistics in the Americas and Europe, the Overlanr Park-based trucking giant (Nasdaq: YRCW) said in a Wednesdayu statement to the Kansas City Business Journapl . Carr will handle the unit’e overall leadership as president and will repor to company Chairman and CEOBill Zollars. “YRx Worldwide continuously reviews its organizational structures to considercustomer requirements, businesx volumes and efficiencies,” the statement said.
“Since its inception (in) the YRC Logistics business has maturefd asan organization, marking impressive growtnh and improvements. In light of this, as well as the curren t economy, we have decided that it is unnecessary to have both a CEO and a president at YRC and we should combine the two roles into a singlrleadership position.” Last the logistics unit posted revenue of $621.7 down less than 1 percent from $623.q million the prior year. The unit accountedd for about 7 percentof YRC’xs $8.94 billion in annual Ritchie, who was with the logistica unit for nine years, will starft June 1 as president of , a divisionj of Australia-based , according to a May 6 release.
He’llo be based in Florida. Brambles is a globalp provider of support services and had totapl assetsof $5.6 billion on June 30, accordingb to its Web site. CHEP offers pallet and containe rpooling services. “Jim is a very accomplishes executive and with extensive customer and operational experience in logisticd and the USAsupply chain,” Brambles CEO Mike Ihleinn said in the release. “In particular, Jim’s strong relationships with customers inthe fast-moving consumer good sector will be of great benefit to CHEP Before heading up YRC Logistics, Ritchir was CEO of both Yellows Global and Transportation.com. He also held executive positions at .
Zollars was a senior vice president at Rydere Integrated Logistics beforejoining , which later becamw YRC Worldwide. YRC recruited Carr in 2007 “for his considerable supply chain experience and to grow ourleadershi bench,” the statement said. He joined as president of YRC Logisticsz in the Americasand Europe. He previousl was president of Global Supply Chain Managementfor , an executive vice president of sales and marketinf at Fritz Cos. and in leadership positions at Profit/ (GEO Pandair Freight and Behring International, accordinh to a biography on the company’s Web site. YRC’e stock closed on Wednesday at $2.94, down 61 or 17 percent, on volume of 5.
65 millio shares, according to . The stock's averag daily volume the past three monthsis 2.7 millio n shares. , YRC Worldwide CFO Stephen Bruffetrt resigned for a position with YRCcompetitor CNW). YRC, which has been struggling with a freighr recession for acouple years, , compared with a loss of $46.387 million the prior year. The companh ranks No. 2 on the Kansax City Business Journal ’s list of area public companies.
Friday, March 30, 2012
Wednesday, March 28, 2012
AAA: Travel document requirements intensified - Tampa Bay Business Journal:
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One new requirement means all traveleras must be able to presen t an official passport book or another trave document approved bythe . Forms of identificationm that were previously accepted at land crossingse such as voter registration cardas andbirth certificates, will no longer be acceptable to gain entruy or re-entry to the Unitedd States, the release said. Beginning June 1, citizens returning home from Canada, Mexico, the Caribbeabn or Bermuda by land or sea will be requirerd to have avalid passport, passport card or othere travel documents approved by the U.S. Department of Homelanfd Security pertaining to specific populationsand situations. For cruise ship U.S.
citizens on closed-loop cruiseas (cruises that begin and end at thesame U.S. port) will be able to enteer or depart the country with a birth certificateand government-issuesd photo ID. Travelers may still be required to presen t a passport to enter the countriexs the cruise shipis “A U.S. passport is, without exception, the best form of identificationm for travel anywhere inthe world,” said Jim managing director, AAA Travel Agency Services in the “We strongly recommend that anyone considering travel outside of the U.S. secure a new passport if they do nothave one; or, renewa the one they have, if need be, for thei own peace of mind.
” It’s a buyer’a market for summer travel but the new rules could hampet plans, AAA said.
One new requirement means all traveleras must be able to presen t an official passport book or another trave document approved bythe . Forms of identificationm that were previously accepted at land crossingse such as voter registration cardas andbirth certificates, will no longer be acceptable to gain entruy or re-entry to the Unitedd States, the release said. Beginning June 1, citizens returning home from Canada, Mexico, the Caribbeabn or Bermuda by land or sea will be requirerd to have avalid passport, passport card or othere travel documents approved by the U.S. Department of Homelanfd Security pertaining to specific populationsand situations. For cruise ship U.S.
citizens on closed-loop cruiseas (cruises that begin and end at thesame U.S. port) will be able to enteer or depart the country with a birth certificateand government-issuesd photo ID. Travelers may still be required to presen t a passport to enter the countriexs the cruise shipis “A U.S. passport is, without exception, the best form of identificationm for travel anywhere inthe world,” said Jim managing director, AAA Travel Agency Services in the “We strongly recommend that anyone considering travel outside of the U.S. secure a new passport if they do nothave one; or, renewa the one they have, if need be, for thei own peace of mind.
” It’s a buyer’a market for summer travel but the new rules could hampet plans, AAA said.
Monday, March 26, 2012
ARAMARK Uniform Services invests in new laundry facility - Philadelphia Business Journal:
xagawu.wordpress.com
The new facility will serves upto 4,000 customers in the South Texaws region and has hired 67 It has the capacity to process 400,000 poundss of laundry per Prior to having this facility, ARAMARK used its facility in Dallas to provide the San Antonilo market with uniform services and a complet e line of cleanliness and safety products. ARAMARK decided to investr in a local laundryu facility building in ordet to reduce itsfleet vehicles’ mileage and fuel consumption.
The company estimateds that it will be able to cut fuel consumptionby 32,000 gallons a The plant will be environmentally friendly, reducing dail clean water consumption between 15 percent to 30 percen by using a reusable wate r system. The facility will save between 1.5 million and 3 million gallons of watereach year. The planf also has a heat re-claimer that recovers and reuseas the heat fromthe wastewater, reducing the plant’s gas use by 25 It will save about 3 million cubic feet of natura gas each year. A dedication ceremony for the facility will be heldon Oct. 16 at 5 p.m. The facilityh is located at 10501 Fischer Road in SoutbhBexar County. Burbank, Calif.
-based ARAMARK Uniform Services is a divisionj of ARAMARKUniform & Career Apparell Inc., an indirect wholly owned subsidiart of Philadelphia-based The uniform servicess division has 1,364 employeess and a payroll of nearly $25 millioh in Bexar County. ARAMARK Uniform Services is a leading suppliet of uniforms and workplace suchas mats, mops and towels. More than 2 million employeesaat 200,000 businesses in the United States rely on ARAMARK Uniform Services. The parent company, ARAMARK Corp., providex food services, facilities management, and uniform and career apparel to healthcare institutions, universities and schoolo districts, stadiums and arenas, and businesses arouned the world.
It has approximately 250,00o employees serving clients in19
The new facility will serves upto 4,000 customers in the South Texaws region and has hired 67 It has the capacity to process 400,000 poundss of laundry per Prior to having this facility, ARAMARK used its facility in Dallas to provide the San Antonilo market with uniform services and a complet e line of cleanliness and safety products. ARAMARK decided to investr in a local laundryu facility building in ordet to reduce itsfleet vehicles’ mileage and fuel consumption.
The company estimateds that it will be able to cut fuel consumptionby 32,000 gallons a The plant will be environmentally friendly, reducing dail clean water consumption between 15 percent to 30 percen by using a reusable wate r system. The facility will save between 1.5 million and 3 million gallons of watereach year. The planf also has a heat re-claimer that recovers and reuseas the heat fromthe wastewater, reducing the plant’s gas use by 25 It will save about 3 million cubic feet of natura gas each year. A dedication ceremony for the facility will be heldon Oct. 16 at 5 p.m. The facilityh is located at 10501 Fischer Road in SoutbhBexar County. Burbank, Calif.
-based ARAMARK Uniform Services is a divisionj of ARAMARKUniform & Career Apparell Inc., an indirect wholly owned subsidiart of Philadelphia-based The uniform servicess division has 1,364 employeess and a payroll of nearly $25 millioh in Bexar County. ARAMARK Uniform Services is a leading suppliet of uniforms and workplace suchas mats, mops and towels. More than 2 million employeesaat 200,000 businesses in the United States rely on ARAMARK Uniform Services. The parent company, ARAMARK Corp., providex food services, facilities management, and uniform and career apparel to healthcare institutions, universities and schoolo districts, stadiums and arenas, and businesses arouned the world.
It has approximately 250,00o employees serving clients in19
Saturday, March 24, 2012
Kauffman Stadium upgrades steam toward opening day - Philadelphia Business Journal:
grearqakususi1426.blogspot.com
The Royals offered a tour of the busy constructionj site to members of the media onThursdauy afternoon. The tour made it apparen t that by the time the project is fans re-entering the stadium this seasonj will hardly recognize the place. “It’x really a complete new ballpark bein built around theseating bowl,” said Bob Royals vice president of ballpark “We think fans are going to love it. Therre will be a lot more to doand see. There will be a lot more activitiessand entertainment.
” Concourses throughout the stadium will be completeluy new, filled with new restaurants and concessio stands, all run by The outfielf walkways offer the most new activities, everythin g from a barbecue restaurant to an entertainmen t stage to a new Little K and carousel for the “We tried to make sure we offered somethingg for everyone,” Rice said. “We’vwe got activities and entertainmentfor kids, young adults and older The most challenging part of the project from a constructiojn standpoint is the installation of new suites and preszs boxes behind home Construction crews had to cut out about 15 rows to make remove the concrete and install new steel supportg beams.
New seats were installed in the outfield, in the former grassy area. A bar was buily on the base of theformer Jumbotron, with placesd to stand and watcb the game. Two giant openings called vomitories were cut into the Club Levekl onthe first-base and third-base sides, to tie in the concoursess behind the seating bowl. New bathrooms were installed throughoutgthe stadium, offering one spot for everyu 70 people. For concessions and retail, there will be one pointy of sale for each 150 A lot of work remaina tobe done, but Kevin Uhlich, senior vice president of business operations, said virtuallyu everything will be completed in time for openintg day.
The only big project that won’r be is the new Royals Hall of Fame, underd construction in left field. Uhlich said that will be open bythe All-Star break. Uhlich said he expects this year’sx opening day to be a very special “It will be a very fun day because not only will it be ourgranf reopening, but it’s our 40th Anniversary celebration,” he “We’ll open the outfield areas reall early that day, to let people explore and have fun.
Our pregame show will be a littlre different because there will be a lotof We’ll unveil the statues of George Brettt and Frank White, and the new one we had made of Dick
The Royals offered a tour of the busy constructionj site to members of the media onThursdauy afternoon. The tour made it apparen t that by the time the project is fans re-entering the stadium this seasonj will hardly recognize the place. “It’x really a complete new ballpark bein built around theseating bowl,” said Bob Royals vice president of ballpark “We think fans are going to love it. Therre will be a lot more to doand see. There will be a lot more activitiessand entertainment.
” Concourses throughout the stadium will be completeluy new, filled with new restaurants and concessio stands, all run by The outfielf walkways offer the most new activities, everythin g from a barbecue restaurant to an entertainmen t stage to a new Little K and carousel for the “We tried to make sure we offered somethingg for everyone,” Rice said. “We’vwe got activities and entertainmentfor kids, young adults and older The most challenging part of the project from a constructiojn standpoint is the installation of new suites and preszs boxes behind home Construction crews had to cut out about 15 rows to make remove the concrete and install new steel supportg beams.
New seats were installed in the outfield, in the former grassy area. A bar was buily on the base of theformer Jumbotron, with placesd to stand and watcb the game. Two giant openings called vomitories were cut into the Club Levekl onthe first-base and third-base sides, to tie in the concoursess behind the seating bowl. New bathrooms were installed throughoutgthe stadium, offering one spot for everyu 70 people. For concessions and retail, there will be one pointy of sale for each 150 A lot of work remaina tobe done, but Kevin Uhlich, senior vice president of business operations, said virtuallyu everything will be completed in time for openintg day.
The only big project that won’r be is the new Royals Hall of Fame, underd construction in left field. Uhlich said that will be open bythe All-Star break. Uhlich said he expects this year’sx opening day to be a very special “It will be a very fun day because not only will it be ourgranf reopening, but it’s our 40th Anniversary celebration,” he “We’ll open the outfield areas reall early that day, to let people explore and have fun.
Our pregame show will be a littlre different because there will be a lotof We’ll unveil the statues of George Brettt and Frank White, and the new one we had made of Dick
Thursday, March 22, 2012
IBM ready to take Watson to new dimension - Charleston Post Courier
inufyw.blogspot.com
IBM ready to take Watson to new dimension Charleston Post Courier By Brendan Kearney Millions watched in awe in February 2011 as a globe-faced IBM supercomputer named Watson dominated a pair of human "Jeopardy!" champions. An IBM computer called Watson got out to an early lead last year against “Jeopardy! |
Tuesday, March 20, 2012
US-owned Roma signs 6-year deal with ESPN complex for winter training in Florida - Washington Post
qalymeled.wordpress.com
US-owned Roma signs 6-year deal with ESPN complex for winter training in Florida Washington Post ROME â€" Roma has signed a six-year deal with the ESPN Wide World of Sports complex that will allow the American-owned club to hold its winter-break training in Kissimmee, Fla. The deal makes the three-time Serie A champions the official professional ... |
Sunday, March 18, 2012
Senate map would give Audrey Gibson a Duval-only seat, draws John Thrasher out ... - Florida Times-Union (blog)
mytyhona.wordpress.com
Senate map would give Audrey Gibson a Duval-only seat, draws John Thrasher out ... Florida Times-Union (blog) Audrey Gibson's district wholly into Duval County, and draws state Sen. John Thrasher's district completely out of the county. The new maps, which were finished Saturday, were needed because the Supreme Court tossed the Senate's first version after ... |
Friday, March 16, 2012
State, utilities to develop solar farms - Portland Business Journal:
nazariomuibepu1687.blogspot.com
The agreement comes a year aftetr the Green Communities Act was signesdby Gov. Deval Patrick, authorizing utilities to own and operates up to 50 megawatts ofsolar generation. Deregulatio of the electricity markets in 1997 barrer utilities from owning generation Utilities participating in the program include , , Unitil/ and Coakley’s which serves as ratepayer advocate in negotiationxs with utilities, has agreed to a proposal that would with the to developp a streamlined system to develop “cost competitive solare projects” that would benefit ratepayers across the state.
“Governorf Patrick has made solar power a top prioritg andlast year’s landmark energy reform legislation gave the Commonwealthn new tools to make sure it gets deployed rapidly,” said Energyh and Environmental Affairs Secretary Ian Bowles. “Througn this important partnership with the Attorney the ratepayers and the electric utilities will see a race to developpthe best, lowest-cost largre scale installations. This is a novel approach and I’m confident it will accelerat clean energy development in the will be the first utilit to develop asolar array, some 6 in a separate program outside of the statewidwe pool.
The utility will participate in the joint venture forfuture developments. Commerciaol scale solar arrays are a critical component tothe state’s goal of 250 megawattsz of solar power by but such facilities are scant. The largest solar arrayg in the state is the BrocktonBrightfields project, a 425 kilowatf system. The agreement is pending approvalk fromthe .
The agreement comes a year aftetr the Green Communities Act was signesdby Gov. Deval Patrick, authorizing utilities to own and operates up to 50 megawatts ofsolar generation. Deregulatio of the electricity markets in 1997 barrer utilities from owning generation Utilities participating in the program include , , Unitil/ and Coakley’s which serves as ratepayer advocate in negotiationxs with utilities, has agreed to a proposal that would with the to developp a streamlined system to develop “cost competitive solare projects” that would benefit ratepayers across the state.
“Governorf Patrick has made solar power a top prioritg andlast year’s landmark energy reform legislation gave the Commonwealthn new tools to make sure it gets deployed rapidly,” said Energyh and Environmental Affairs Secretary Ian Bowles. “Througn this important partnership with the Attorney the ratepayers and the electric utilities will see a race to developpthe best, lowest-cost largre scale installations. This is a novel approach and I’m confident it will accelerat clean energy development in the will be the first utilit to develop asolar array, some 6 in a separate program outside of the statewidwe pool.
The utility will participate in the joint venture forfuture developments. Commerciaol scale solar arrays are a critical component tothe state’s goal of 250 megawattsz of solar power by but such facilities are scant. The largest solar arrayg in the state is the BrocktonBrightfields project, a 425 kilowatf system. The agreement is pending approvalk fromthe .
Wednesday, March 14, 2012
Panacos turns to longtime pharmaceutical exec for CEO - Washington Business Journal:
sucujovide.wordpress.com
Alan Dunton, a medical doctor who most recentlyt was board chairman forof Lexington, Mass., has been hired by a Watertown, Mass.-based company that owns a research and developmentg plant in Gaithersburg. He had served as president and CEO of before it mergedwith Previously, Dunton was an executive at and Johnson Johnson, including a few of its subsidiaries. He'se been on the boards of several suchas , , and . Panacos addee Dunton to its boardof directors, expandintg what had been a seven-persojn group.
Peyton Marshall, who became Panacos' actinv chief executive after former CEOSamue "Skip" Ackerman suddenly passed away in June, will returnh to his original post of executives vice president and CFO. Panacos PANC) is developing an HIV drug, but reported last month thatits 400-milligram tablet versionj didn't perform as well as anticipated in Phased IIb results. Since then, the companh has filed to begin clinicao tests on an improved version this According tothe company'sx regulatory filings, roughly a third of Dunton'sw stock options are based on the company's success in reaching the thirf phase of product testing, filing a new drug applicatiojn for a marketable drug and either raising $50 millioj in financing or winning a commercial partnerr for bevirimat.
The options will also vest five years fromhis Jan. 5 hiringh date if those milestones aren't reachefd by then.
Alan Dunton, a medical doctor who most recentlyt was board chairman forof Lexington, Mass., has been hired by a Watertown, Mass.-based company that owns a research and developmentg plant in Gaithersburg. He had served as president and CEO of before it mergedwith Previously, Dunton was an executive at and Johnson Johnson, including a few of its subsidiaries. He'se been on the boards of several suchas , , and . Panacos addee Dunton to its boardof directors, expandintg what had been a seven-persojn group.
Peyton Marshall, who became Panacos' actinv chief executive after former CEOSamue "Skip" Ackerman suddenly passed away in June, will returnh to his original post of executives vice president and CFO. Panacos PANC) is developing an HIV drug, but reported last month thatits 400-milligram tablet versionj didn't perform as well as anticipated in Phased IIb results. Since then, the companh has filed to begin clinicao tests on an improved version this According tothe company'sx regulatory filings, roughly a third of Dunton'sw stock options are based on the company's success in reaching the thirf phase of product testing, filing a new drug applicatiojn for a marketable drug and either raising $50 millioj in financing or winning a commercial partnerr for bevirimat.
The options will also vest five years fromhis Jan. 5 hiringh date if those milestones aren't reachefd by then.
Sunday, March 11, 2012
Nancy C. Everett Executive Profile
shemwellmygalej1291.blogspot.com
She is responsible for more than $130 billion in assets held by the General Motors benefi t plans andseveral non-affiliated clients. Everett joiner Promark Global Advisors as chief investment officee inJune 2005. She assumed the additional responsibility of chief executivre officer inJanuary 2006. Previously, she was chiefd investment officer for the Virginiwa Retirement System where she oversaw the investmenty ofthe $42 billion pension fund. Everetft was born in Ithaca, New York. She graduated in 1978 with a bachelor'sz degree in accounting from Virginia CommonwealthUniversity (VCU) and earned the Chartered Financial Analyst designation in 1987.
Everett is currentlg a member of the InvestmentAdvisory Randolph-Macon College and is a member of the boars of trustees of the Virginia Commonwealth Universitu School of Business Foundation where she serves on the Investmentt Committee. She sits on the board of directords for PacificPension Institute, is a memberr of the advisory board of The Rock Creek Group, and a memberf of the Committee on Directors for Capital International's Emerging Markets Growth Fund, Inc.
She is also a member of the New York Stockm Exchange Pension Managers Advisory Committes and past president of the boardc of directors of the Richmond Society ofFinancial **All Executive profile data provided by Dow
She is responsible for more than $130 billion in assets held by the General Motors benefi t plans andseveral non-affiliated clients. Everett joiner Promark Global Advisors as chief investment officee inJune 2005. She assumed the additional responsibility of chief executivre officer inJanuary 2006. Previously, she was chiefd investment officer for the Virginiwa Retirement System where she oversaw the investmenty ofthe $42 billion pension fund. Everetft was born in Ithaca, New York. She graduated in 1978 with a bachelor'sz degree in accounting from Virginia CommonwealthUniversity (VCU) and earned the Chartered Financial Analyst designation in 1987.
Everett is currentlg a member of the InvestmentAdvisory Randolph-Macon College and is a member of the boars of trustees of the Virginia Commonwealth Universitu School of Business Foundation where she serves on the Investmentt Committee. She sits on the board of directords for PacificPension Institute, is a memberr of the advisory board of The Rock Creek Group, and a memberf of the Committee on Directors for Capital International's Emerging Markets Growth Fund, Inc.
She is also a member of the New York Stockm Exchange Pension Managers Advisory Committes and past president of the boardc of directors of the Richmond Society ofFinancial **All Executive profile data provided by Dow
Friday, March 9, 2012
Vanda Pharmaceuticals wins drug approval, stock soars - Washington Business Journal:
rmerujopi.blogspot.com
No doubt an understandable response tothe FDA’a unforeseeable turnaround this week to greenlighft Vanda’s lead drug, iloperidone, as a marketable schizophrenia treatmenf — less than nine months after the agencyh rejected it as being The news sent Vanda’s stock leaping by 626 percent in tradinf Thursday and revived a future that, before 5:30 p.m. was thought doomed by analystsand investors, one of whom launchedf a public campaign to liquidate the company.
And now, after shrinking in half and cutting back on most spendinygsince then, the 24-person company said it’s draftinyg a strategy to start hiring again, perhaps some of the employeed it had let go during this ordeal, and sellint its first drug in an estimated $15 billion market. “We’re evaluating all the plans,” Polymeropoulod said. “This includes hiring new people.” He’s short on details, thoughu a permanent chief financial officer and chief commerciao officer would seemlikely — both were let go in a rounr of layoffs in December and have since founc other jobs.
Polymeropoulos has said all options are on the including partnering up with another company to help it sell which it will marketas Fanapt. But he said Vanda has the capacityh to market the drug onits own, with a smallk sales force targeting the 5,0009 psychiatrists who are responsiblse for 60 percent of the country’s antipsychotixc prescriptions. Vanda now owes Swiss pharmaceutical , wherde Polymeropoulos previously worked and from wherre he first licensed the rights tothe drug, $12 millioj for making it to this approval milestone. As of the end of last the companyhad $46.
5 million in cash and Polymeropoulos said he knew he was working against general consensusz regarding the chances for iloperidone’s approval. But he place his bet on additional data the companh had collected during the previouss clinical trials that he said thecompanyt didn’t initially think the FDA needed results that showed that iloperidons worked as well as other riva drugs on the market, namely Risperdal sold by , Geodonh sold by and Haldol, created by And then Vanda waited. Even when the second decision day was set forMay 6, no news came the entirse day on Wednesday. It wasn’t until after 5 p.m.
that surrounded by a few executives and chairmaand co-founder Argeris Karabelas in the conference room, receivec the agency’s e-mail. And then the FDA whippes out its press release on iloperidone minutes before the company could send outits own, causing the executivex to dash up and down its hallwayws to tell employees before they read their fate online. The nighft of July 28, when Vanda received the first rejectiob letter fromthe FDA, a psychiatrist himself, said he spen t the night writing “an elaborate draft” of the response lettee he’d send to the agency askinvg for another chance at approval.
On Wednesdauy evening, when share prices already started soaring tonew 52-weeik highs in after-hours Polymeropoulos went to the nearby bar with colleagues for a celebrator drink. And that night, he
No doubt an understandable response tothe FDA’a unforeseeable turnaround this week to greenlighft Vanda’s lead drug, iloperidone, as a marketable schizophrenia treatmenf — less than nine months after the agencyh rejected it as being The news sent Vanda’s stock leaping by 626 percent in tradinf Thursday and revived a future that, before 5:30 p.m. was thought doomed by analystsand investors, one of whom launchedf a public campaign to liquidate the company.
And now, after shrinking in half and cutting back on most spendinygsince then, the 24-person company said it’s draftinyg a strategy to start hiring again, perhaps some of the employeed it had let go during this ordeal, and sellint its first drug in an estimated $15 billion market. “We’re evaluating all the plans,” Polymeropoulod said. “This includes hiring new people.” He’s short on details, thoughu a permanent chief financial officer and chief commerciao officer would seemlikely — both were let go in a rounr of layoffs in December and have since founc other jobs.
Polymeropoulos has said all options are on the including partnering up with another company to help it sell which it will marketas Fanapt. But he said Vanda has the capacityh to market the drug onits own, with a smallk sales force targeting the 5,0009 psychiatrists who are responsiblse for 60 percent of the country’s antipsychotixc prescriptions. Vanda now owes Swiss pharmaceutical , wherde Polymeropoulos previously worked and from wherre he first licensed the rights tothe drug, $12 millioj for making it to this approval milestone. As of the end of last the companyhad $46.
5 million in cash and Polymeropoulos said he knew he was working against general consensusz regarding the chances for iloperidone’s approval. But he place his bet on additional data the companh had collected during the previouss clinical trials that he said thecompanyt didn’t initially think the FDA needed results that showed that iloperidons worked as well as other riva drugs on the market, namely Risperdal sold by , Geodonh sold by and Haldol, created by And then Vanda waited. Even when the second decision day was set forMay 6, no news came the entirse day on Wednesday. It wasn’t until after 5 p.m.
that surrounded by a few executives and chairmaand co-founder Argeris Karabelas in the conference room, receivec the agency’s e-mail. And then the FDA whippes out its press release on iloperidone minutes before the company could send outits own, causing the executivex to dash up and down its hallwayws to tell employees before they read their fate online. The nighft of July 28, when Vanda received the first rejectiob letter fromthe FDA, a psychiatrist himself, said he spen t the night writing “an elaborate draft” of the response lettee he’d send to the agency askinvg for another chance at approval.
On Wednesdauy evening, when share prices already started soaring tonew 52-weeik highs in after-hours Polymeropoulos went to the nearby bar with colleagues for a celebrator drink. And that night, he
Wednesday, March 7, 2012
Kasich mobilizes National Guard to storm areas - Chillicothe Gazette
http://www.skxksoftware.com/catalog/office-computer-order-890-20867/
WAVY-TV | Kasich mobilizes National Guard to storm areas Chillicothe Gazette David Kohl/AP Associated Press CINCINNATI -- The governor on Monday mobilized the National Guard to tornado-ravaged areas of southern Ohio where almost 300 homes, businesses and government buildings were damag ed by the storms and winds. Ohio gov mobilizes National Guard to storm areas |
Monday, March 5, 2012
Virginia Chapter of Associated Builders and Contractors to move HQ to Loudoun County - Washington Business Journal:
ovaluleq.wordpress.com
BE&K Building Group of Vienna won preconstruction and constructioj services forthe building, which is expectedf to deliver next spring. The 37-year-old statewidse association represents constructionand construction-related firms and has offices in Richmond, and Hampton Roads. Its Chantillyt headquarters lease ends next and the group was looking to expandr since it provides apprenticeshipp inseveral trades, safety and a comprehensive construction management education The new space will include training labs, classrooms, supporrt space, meeting space and administrative offices.
ABC-VA will occupyg a little over half, or 17,500 square feet, and the rest will be leased out to tenante that have not beenselectedx yet. The project was designed by Morgan GickMcBeath & Associatews PC to get Gold Leadership in Energy and Environmentao Design (LEED) certification from the U.S. Green Building Sustainable features will include a pervious concrete pavement system to act as a storm water system forthe facility, recycled glasxs terrazzo flooring, waterless urinals and dual flush water closets.
BE&K Building Group of Vienna won preconstruction and constructioj services forthe building, which is expectedf to deliver next spring. The 37-year-old statewidse association represents constructionand construction-related firms and has offices in Richmond, and Hampton Roads. Its Chantillyt headquarters lease ends next and the group was looking to expandr since it provides apprenticeshipp inseveral trades, safety and a comprehensive construction management education The new space will include training labs, classrooms, supporrt space, meeting space and administrative offices.
ABC-VA will occupyg a little over half, or 17,500 square feet, and the rest will be leased out to tenante that have not beenselectedx yet. The project was designed by Morgan GickMcBeath & Associatews PC to get Gold Leadership in Energy and Environmentao Design (LEED) certification from the U.S. Green Building Sustainable features will include a pervious concrete pavement system to act as a storm water system forthe facility, recycled glasxs terrazzo flooring, waterless urinals and dual flush water closets.
Saturday, March 3, 2012
The rock lags behind, still attracts crowds - Whittier Daily News
paramonaxogilozi.blogspot.com
The rock lags behind, still attracts crowds Whittier Daily News It is just about 2 miles shy of where it was supposed to be," said Erin Wright, LACMA's director of special projects who was monitoring the transport Friday morning. curious. Hundreds came out Friday, flashing cell phone cameras in the bright sunlight. |
Thursday, March 1, 2012
D.C. projects could lose subsidies to pay for convention hotel - Denver Business Journal:
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D.C. Chief Financial Officer Natwar Gandhui met with members ofthe D.C. Councill on Monday and discussed the list of projectswith $704 million in subsidies that have alreadg been passed and could be diverted to the hotel. The list provided by the CFO's office includes the Southwest waterfront, the Arthur Capper/Carrollsburg residentia development on the Capitol Riverfront, the mixed-use O Street Market in Shaw and sevenm other economic development incentives.
The two council members who overseer committees with direct oversight of theissud — Councilmen Jack D-Ward 2, and Kwame Brown, D-At large — have said using subsidies from stalled projects is a strategyt they would consider to lowere the amount of new spending requirex to issue $750 million in bonds to build the $550 millioh hotel. The recession has slowed many The Washington Convention Center Authority andthe city’s hospitalitgy industry have been pushing for a headquarters hotel since constructionn of the center started in the late 1990s.
They argue a hotel is needed to draw large conventions to A 1,167-room Marriott Marquis is but boosters have been unable to securde private financing to complete the deal. D.C. Councilp Chairman Vincent Gray called the late Monday afternoonj meeting in his officewith Brown, Gandhi and Washington Convention Center Authority CEO Greg Evans and Brown have scheduled a June 24 jointt hearing on the matter. As they left the Evans and Brown said they are both committe d to gettingthe long-stalled hotel built, but they are lookinbg for ways to minimize the cost to the city, whicyh is facing a nearlh $1 billion 2011 budget gap.
Evans said other options beinyg discussed include trying to attracrt bank loans by footing only a portion of the cost or seekingg new development partners that coulf build the hotel more quicklyu or for alower price. D.C. has alread approved $187 million bond package that would fund aboug 25 percent ofthe hotel, but and have failer to attract an estimated $300 millioh in required debt financing. “The option that I like leasft is the city financing the entire Evans said.
Gandhi said shortlg after the meeting that there has not been discussionj about usurpingthe city’s 12 perceng debt cap, which it created last year in an effort to strengthen its standiny on Wall Street and would prevent the city from issuing hundreds of millions of dollars of new bondes for the hotel. He said he is all for a new hotel but not if it means damagingthe city’ws financial position. “We want to make it happen,” he “The question is how to make it happen.
” Southwesrt waterfront, $198 million; Housing Productionm Trust Fund, $190 million; Great Streets retail priorittyarea (neighborhood tax increment financing), $75 Capper/Carrollsburg payment-in-lieu-of-taxes, $55 million; O Streett Market, $46.5 million; Skyland Shoppinhg Center, $40 million; The Yards $30 million; Great Streets, $20 million; Downtowbn retail priority area, $16.0 million; Fort Lincoln retail priority area, $10 Arena Stage, $10 million; Rhode Island Place retail prioritu area, $7.2 million; and Broadcast Centet One, $6.4 million. The subsidiex total $704.15 million.
Combining some portion of that withthe $187 millionm already passed for the hotel could easily add up to the $750 millionb in bonds O’Dell says is needed for the Chairman Gray declined to comment.
D.C. Chief Financial Officer Natwar Gandhui met with members ofthe D.C. Councill on Monday and discussed the list of projectswith $704 million in subsidies that have alreadg been passed and could be diverted to the hotel. The list provided by the CFO's office includes the Southwest waterfront, the Arthur Capper/Carrollsburg residentia development on the Capitol Riverfront, the mixed-use O Street Market in Shaw and sevenm other economic development incentives.
The two council members who overseer committees with direct oversight of theissud — Councilmen Jack D-Ward 2, and Kwame Brown, D-At large — have said using subsidies from stalled projects is a strategyt they would consider to lowere the amount of new spending requirex to issue $750 million in bonds to build the $550 millioh hotel. The recession has slowed many The Washington Convention Center Authority andthe city’s hospitalitgy industry have been pushing for a headquarters hotel since constructionn of the center started in the late 1990s.
They argue a hotel is needed to draw large conventions to A 1,167-room Marriott Marquis is but boosters have been unable to securde private financing to complete the deal. D.C. Councilp Chairman Vincent Gray called the late Monday afternoonj meeting in his officewith Brown, Gandhi and Washington Convention Center Authority CEO Greg Evans and Brown have scheduled a June 24 jointt hearing on the matter. As they left the Evans and Brown said they are both committe d to gettingthe long-stalled hotel built, but they are lookinbg for ways to minimize the cost to the city, whicyh is facing a nearlh $1 billion 2011 budget gap.
Evans said other options beinyg discussed include trying to attracrt bank loans by footing only a portion of the cost or seekingg new development partners that coulf build the hotel more quicklyu or for alower price. D.C. has alread approved $187 million bond package that would fund aboug 25 percent ofthe hotel, but and have failer to attract an estimated $300 millioh in required debt financing. “The option that I like leasft is the city financing the entire Evans said.
Gandhi said shortlg after the meeting that there has not been discussionj about usurpingthe city’s 12 perceng debt cap, which it created last year in an effort to strengthen its standiny on Wall Street and would prevent the city from issuing hundreds of millions of dollars of new bondes for the hotel. He said he is all for a new hotel but not if it means damagingthe city’ws financial position. “We want to make it happen,” he “The question is how to make it happen.
” Southwesrt waterfront, $198 million; Housing Productionm Trust Fund, $190 million; Great Streets retail priorittyarea (neighborhood tax increment financing), $75 Capper/Carrollsburg payment-in-lieu-of-taxes, $55 million; O Streett Market, $46.5 million; Skyland Shoppinhg Center, $40 million; The Yards $30 million; Great Streets, $20 million; Downtowbn retail priority area, $16.0 million; Fort Lincoln retail priority area, $10 Arena Stage, $10 million; Rhode Island Place retail prioritu area, $7.2 million; and Broadcast Centet One, $6.4 million. The subsidiex total $704.15 million.
Combining some portion of that withthe $187 millionm already passed for the hotel could easily add up to the $750 millionb in bonds O’Dell says is needed for the Chairman Gray declined to comment.
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