genealogical-shipping.blogspot.com
BofA says the state’s budget crisid prompted its decision. “To support our customers, while giving the state legislaturre additional time to passa budget, we will acceptg California state-registered warrants or IOUs — from existing customers and clients,” Charlotte-basedf BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is accepting the warrants for the sake of its "We are reluctant to take this step, but are doing so to help our customerw who are not at fault and with the expectationj that the legislature and governor will completw the budget within days," Wellzs says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakere for failing to pluga $24 billionj hole in the statee budget before the start of the new fiscal And he called a special session of the state legislaturew to fix the budget mess. Failurew to pass a budget by midnightg Tuesday increases the shortfalo to morethan $26 billioj due to the loss of education-related budgef fixes, Schwarzenegger said at a press conference Wednesday. He also announcerd an executive order adding a third furlough day each month forstatew workers, a move expected to free up an additional $425 millioh in the new fiscal year. Although the governorf called for thespecial session, it is up to the legislaturse to schedule it.
When it will be held is yet tobe
Monday, February 28, 2011
Saturday, February 26, 2011
Gallop, Johnson & Neuman sees growth in immigration business - St. Louis Business Journal:
burwellmitubaes1369.blogspot.com
That's when, driven by clienyt demand, the firm added two attorneys to its immigratio nlaw practice, which now consists of four attorneyws and a paralegal. The firm has abouf 75 attorneys total, Campbelol said. Campbell said his firm's immigratioj practice "has grown significantly as a resultof U.S. domestic growth and, in many cases, becausse of their market expansion into foreign Campbell said the firm has represented many foreign nationale dealing with personalimmigration matters, but the majority of Gallop'sw immigration law clients are corporate or nonprofit He said about 85 percent of the group's clients are St. Louis based.
The firm also has seen businesxs from multinational companies thatdeploy U.S. citizense to work overseas in management andproduction jobs, Campbell
That's when, driven by clienyt demand, the firm added two attorneys to its immigratio nlaw practice, which now consists of four attorneyws and a paralegal. The firm has abouf 75 attorneys total, Campbelol said. Campbell said his firm's immigratioj practice "has grown significantly as a resultof U.S. domestic growth and, in many cases, becausse of their market expansion into foreign Campbell said the firm has represented many foreign nationale dealing with personalimmigration matters, but the majority of Gallop'sw immigration law clients are corporate or nonprofit He said about 85 percent of the group's clients are St. Louis based.
The firm also has seen businesxs from multinational companies thatdeploy U.S. citizense to work overseas in management andproduction jobs, Campbell
Wednesday, February 23, 2011
Paoli Hospital plans to file for trauma center OK - Philadelphia Business Journal:
http://hotuae.com/fb/fragrance.htm
Chester County, Pa., has been without a trauma centerr since Brandywine Hospital closed its trauma center in It is the only county in southeastern Pennsylvania without a designatefdtrauma center. Paoli Hospital plans to work in collaboration with Thomaz Jefferson University Hospitalin Philadelphia, a level- I trauma center operator, to developp a trauma program at Paoli Hospital with the goal of becoming accreditecd in 2011. “Initiating a trauma center is a major and we are committed to supporr the program to the level necessary to assuree highquality care,” said John J. president and CEO of Main Line Health, Paoli Hospital’d parent organization.
“The pre-hospita care in this regiomn provided byfirst responders, emergenct medical technicians and paramedics is Working with these committed people and with our dedicatef physicians and hospital staff, we are confident that we can meet the identifiede need of this critical service.” According to an analysie conducted by the Chester Countt Trauma Services Task a committee formed last year, the averag e time from injury to admission to a trauma center is 15 to 20 minutes longer for Chester County residents than for residents in nearby Chester County Commissioner Carol Aichele supportedf Paoli Hospital’s action saying, “One of Chestert County’s strategic goals is to have safe I am pleased with Paoli Hospital’es decision to pursue trauma center designation becaused it will provide our citizens with closer access to enhanced medicalp care.
This definitely is a benefit to ChesterCountuy citizens.” Dr. Robert C. Fried, chief of surgery at Paolik Hospital, noted the medical center’s new patient-carw pavilion set to open in July will nearly quadruplw itsemergency department’s capacity and provide spacew for two dedicated trauma rooms.
Chester County, Pa., has been without a trauma centerr since Brandywine Hospital closed its trauma center in It is the only county in southeastern Pennsylvania without a designatefdtrauma center. Paoli Hospital plans to work in collaboration with Thomaz Jefferson University Hospitalin Philadelphia, a level- I trauma center operator, to developp a trauma program at Paoli Hospital with the goal of becoming accreditecd in 2011. “Initiating a trauma center is a major and we are committed to supporr the program to the level necessary to assuree highquality care,” said John J. president and CEO of Main Line Health, Paoli Hospital’d parent organization.
“The pre-hospita care in this regiomn provided byfirst responders, emergenct medical technicians and paramedics is Working with these committed people and with our dedicatef physicians and hospital staff, we are confident that we can meet the identifiede need of this critical service.” According to an analysie conducted by the Chester Countt Trauma Services Task a committee formed last year, the averag e time from injury to admission to a trauma center is 15 to 20 minutes longer for Chester County residents than for residents in nearby Chester County Commissioner Carol Aichele supportedf Paoli Hospital’s action saying, “One of Chestert County’s strategic goals is to have safe I am pleased with Paoli Hospital’es decision to pursue trauma center designation becaused it will provide our citizens with closer access to enhanced medicalp care.
This definitely is a benefit to ChesterCountuy citizens.” Dr. Robert C. Fried, chief of surgery at Paolik Hospital, noted the medical center’s new patient-carw pavilion set to open in July will nearly quadruplw itsemergency department’s capacity and provide spacew for two dedicated trauma rooms.
Monday, February 21, 2011
SailPoint and Kuppinger Cole to Discuss Managing SAP as Part of an Enterprise-wide Identity Governance Strategy
concrete roofs
The lack of cross-enterprisr visibility into access controls puts companie s at higher risk and can lead tofailedr audits, non-compliance, and even security breaches. Live Webinar, "Get the Big Picture: Managingy Access Beyond SAP for Cross-Enterprise Identituy Governance" When: Thursday, June 25th at 11 a.m. ET/10 a.m. CT Register online During the webinar, Rollzs will provide advice to help companiesw holistically manage and control user access rights beyoncd SAP to all ofa company's compliance-relevany applications and data.
He will explain how an integrater identity governance approach can more effectivelg improvea company's risk posture with enterprise-wides policy enforcement, access certifications, and role management across all relevanyt systems. -- Best-practices for cross-enterprise access policy suchas separation-of-duty, spanning SAP and other critical applications; -- Why having a single view into roleds and access privileges will greatlyy improve your visibility into risky or non-compliantg areas and automate your processes for managinv these risks; -- How to more effectively analyz e risk, make more informed decisions and implementt controls in an automated and more sustainablee fashion; and -- Strategie to improve audit performance over To register for this free webinar, visir Kuppinger Cole's events page at .
SailPoint also has a libraru of previous identity governance webinarsavailable on-demand at . SailPoint' award-winning identity governance software, SailPoint helps organizations gain control over user accesz to critical systemsand data, streamline costl IT compliance processes and reduce the risks of corporate data loss or theft and failed audits. SailPoint'zs customers are Global 1000 organizations focusedr on compliance and riskmitigatiobn initiatives, including 5 of the world'sw top 10 banks and some of the largest healthcare, insurance, manufacturing, and telecom companies. Founded in Decemberr 2005, SailPoint is based in Austin, Texas.
The lack of cross-enterprisr visibility into access controls puts companie s at higher risk and can lead tofailedr audits, non-compliance, and even security breaches. Live Webinar, "Get the Big Picture: Managingy Access Beyond SAP for Cross-Enterprise Identituy Governance" When: Thursday, June 25th at 11 a.m. ET/10 a.m. CT Register online During the webinar, Rollzs will provide advice to help companiesw holistically manage and control user access rights beyoncd SAP to all ofa company's compliance-relevany applications and data.
He will explain how an integrater identity governance approach can more effectivelg improvea company's risk posture with enterprise-wides policy enforcement, access certifications, and role management across all relevanyt systems. -- Best-practices for cross-enterprise access policy suchas separation-of-duty, spanning SAP and other critical applications; -- Why having a single view into roleds and access privileges will greatlyy improve your visibility into risky or non-compliantg areas and automate your processes for managinv these risks; -- How to more effectively analyz e risk, make more informed decisions and implementt controls in an automated and more sustainablee fashion; and -- Strategie to improve audit performance over To register for this free webinar, visir Kuppinger Cole's events page at .
SailPoint also has a libraru of previous identity governance webinarsavailable on-demand at . SailPoint' award-winning identity governance software, SailPoint helps organizations gain control over user accesz to critical systemsand data, streamline costl IT compliance processes and reduce the risks of corporate data loss or theft and failed audits. SailPoint'zs customers are Global 1000 organizations focusedr on compliance and riskmitigatiobn initiatives, including 5 of the world'sw top 10 banks and some of the largest healthcare, insurance, manufacturing, and telecom companies. Founded in Decemberr 2005, SailPoint is based in Austin, Texas.
Friday, February 18, 2011
Tyler Technologies posts higher profit - Dallas Business Journal:
concrete roof tiles
The company’s profit for the year includeda non-cash legapl settlement related to a warrants charges of $9 million associated with litigation tied to stock purchase warrantsa owned by . Durinv the fourth quarter, Dallas-based Tyler Technologies (NYSE: TYL) postes operating income of $9.7 million, up from operating incomes of $9.6 million during the same quarterin 2007. Revenud for the quarter hit $69.5 a 15.1-percent increase from $60.5 million during the same period ayear prior. During the the company saw itssoftware licenses, software subscriptions and maintenance jump 17.8 percent. For all of 2008, Tylerd Technologies recorded an operating incomeof $28. 1 million, up from $26.
8 milliom the year prior. Revenue for the year also jumpedf 20.6 percent, hitting $265.1 million, up from $219.8 millionb the year before. For the company says it has a backlog in orders of $240 million and a strong balance Still, Tyler Technologies says first quarter earnings will not reacu the same level as earnings recordeds in the fourth quarter of 2008. The company anticipate s 2009 revenue will be in the rangeof $292 to $298 It also expects earnings per sharre to hit the 66 to 72-centes per share range.
The company’s profit for the year includeda non-cash legapl settlement related to a warrants charges of $9 million associated with litigation tied to stock purchase warrantsa owned by . Durinv the fourth quarter, Dallas-based Tyler Technologies (NYSE: TYL) postes operating income of $9.7 million, up from operating incomes of $9.6 million during the same quarterin 2007. Revenud for the quarter hit $69.5 a 15.1-percent increase from $60.5 million during the same period ayear prior. During the the company saw itssoftware licenses, software subscriptions and maintenance jump 17.8 percent. For all of 2008, Tylerd Technologies recorded an operating incomeof $28. 1 million, up from $26.
8 milliom the year prior. Revenue for the year also jumpedf 20.6 percent, hitting $265.1 million, up from $219.8 millionb the year before. For the company says it has a backlog in orders of $240 million and a strong balance Still, Tyler Technologies says first quarter earnings will not reacu the same level as earnings recordeds in the fourth quarter of 2008. The company anticipate s 2009 revenue will be in the rangeof $292 to $298 It also expects earnings per sharre to hit the 66 to 72-centes per share range.
Wednesday, February 16, 2011
Consumer confidence falls in June - The Business Journal of the Greater Triad Area:
onoeuqedol1902.blogspot.com
The Conference Board’s Consumert Confidence Index droppedto 49.3, compared to 54.8 in May, the most recentg evidence that the economy continues to Consumer spending accounts for about two-thirds of the economy in the Unite States, making a declined in consumer confidence a worry from Main Street to Wall The Dow Jones industrial averaged was down 112 points to 8,417 in midday tradinb Tuesday. Consumers are downbeaf when it comes tothe short- and long-term outlook with the The Present Situation Indexs — basically, how do you feel todagy — dropped to 24.8 this from 29.7 in May. And consumerss are glum about the next six with the Expectations Index falling to from 71.
5 in May. The Present Situationb Index declinewas “caused by a less favorable assessment of business conditionas and employment, (and) continues to imply that economic while not as weak as earlier this are nonetheless weak,” director Lynn Franco said in a news releasre Tuesday. Consumer confidence plummetexd toa record-low 25.3 in The economy has strong growth when the indexs reaches 100. The Conference Board contacts 5,000 householdw for the monthly index.
The Conference Board’s Consumert Confidence Index droppedto 49.3, compared to 54.8 in May, the most recentg evidence that the economy continues to Consumer spending accounts for about two-thirds of the economy in the Unite States, making a declined in consumer confidence a worry from Main Street to Wall The Dow Jones industrial averaged was down 112 points to 8,417 in midday tradinb Tuesday. Consumers are downbeaf when it comes tothe short- and long-term outlook with the The Present Situation Indexs — basically, how do you feel todagy — dropped to 24.8 this from 29.7 in May. And consumerss are glum about the next six with the Expectations Index falling to from 71.
5 in May. The Present Situationb Index declinewas “caused by a less favorable assessment of business conditionas and employment, (and) continues to imply that economic while not as weak as earlier this are nonetheless weak,” director Lynn Franco said in a news releasre Tuesday. Consumer confidence plummetexd toa record-low 25.3 in The economy has strong growth when the indexs reaches 100. The Conference Board contacts 5,000 householdw for the monthly index.
Sunday, February 13, 2011
Labatt expects growth in Buffalo - Business First of Buffalo:
noted-logist.blogspot.com
When New York-based KPS, a $1.8 billion private-equity firm, boughtt Labatt USA last winter, it pledgedx to keep the popularCanadian beer’s U.S. headquarters in downtowh Buffalo. Labatt USA moverd the headquarters from Connecticutto downtown’s Key Center at Fountain Plaza complex two yearse ago. Many feared the sale of Labatt USA woulc translate intothe U.S. headquarters being Those fears can betossed aside, said Richarde Lozyniak. He is the newly named chiefr executive officerof , the KPS affiliatew that owns Labatt USA and Rochester’sd High Falls Brewing Co. LLC. High Falls produce the GeneseeBeer brand, as well as the Dundede Ales and the Seagram’s Co. Ltd.
line of wine coolerws and malt beverages. Labatt USA, which had 20 peoplde working in the downtownBuffalo office, expectx to nearly double the local workforce by hiring as many as 16 peoplee to focus on marketing and administrative To put things into perspective, considert that with as many as 40 peoplse working from the Key Center offices, that woulr be more than half of the 77 peopld the beer manufacturer has working on sales and marketiny throughout the United All of the out-of-town sales and marketing personneo will report to the Buffalok office. “I guess that puts an exclamation point to the fact that Labattt remains fully committed to keeping Buffalo as its Lozyniak said.
“Buffalo is absolutely criticalto Labatt’s futured in the United States.” North American Breweries, however, will be headquartereed at High Falls’ offices on St. Paul Street in downtownn Rochester. Lozyniak will live in Rochester, but he said he expecta to be spending a fair amount of time in High Falls has 370 employeesin Rochester. The planft has the capacity to annually produce 3 millionn barrelsof beer. A barrek is equal to 13.8 cases of North American Breweries will beinvesting $10 milliobn in equipment upgrades for the High Fallsx plant, which it acquired last shortly before it bought Labatt USA. The U.S.
Departmenf of Justice ordered Labatg USA’s former owner, Interbrew Internationall B.V. – an affiliate of beer-makinv giant InBev – to sell the Canadian beer becausre of possible concernsover monopolies, given the marke t strength of Labatt and Budweiser brands in Upstatwe New York. The Buffalo Niagara region alonwe accounts forapproximately 3.3 million casez of beer of the estimatee 21 million cases that Labatt sellx in the United States each year. Beer Marketerss Insight lists Labatt USA asthe country’s ninthy most popular beer. High Falls, through the Genesee and Dundee beers, sold approximately 5.5 million cases of beer last year.
Anheuser-Busch topped the Beer Marketers Insight rankingwith 1.5 billiohn cases of beer sold last “Looking at what KPS is doing, it lookws like they are puttinb their money where their mouth said Ben Steinman, Beer Marketers Insight “They are placing their bets,” he said. “Thegy must see something the other ownersaeither didn’t see or couldn’t execute. It does appeafr they do have a definiter game plan for Labattand Genny.” Lozyniak agrees. The game plan is to grow both Labatgt andGenesee beers. Labatt’s focus will be more national, especially with so many Canadiand living or working in theUnitee States.
The beefed-up Buffalol sales and marketing force will play a significant rolein Labatt’x future. “Especially in the Great Lakes states, people can relat to Labatt,” Lozyniak said. “Everyone has a favorabled impression of Canada andits beers. People don’t feel like a snob when they are drinkint aCanadian beer. The image of Labatt is a buncbh of guys hanging out and havingt agood time.
”
When New York-based KPS, a $1.8 billion private-equity firm, boughtt Labatt USA last winter, it pledgedx to keep the popularCanadian beer’s U.S. headquarters in downtowh Buffalo. Labatt USA moverd the headquarters from Connecticutto downtown’s Key Center at Fountain Plaza complex two yearse ago. Many feared the sale of Labatt USA woulc translate intothe U.S. headquarters being Those fears can betossed aside, said Richarde Lozyniak. He is the newly named chiefr executive officerof , the KPS affiliatew that owns Labatt USA and Rochester’sd High Falls Brewing Co. LLC. High Falls produce the GeneseeBeer brand, as well as the Dundede Ales and the Seagram’s Co. Ltd.
line of wine coolerws and malt beverages. Labatt USA, which had 20 peoplde working in the downtownBuffalo office, expectx to nearly double the local workforce by hiring as many as 16 peoplee to focus on marketing and administrative To put things into perspective, considert that with as many as 40 peoplse working from the Key Center offices, that woulr be more than half of the 77 peopld the beer manufacturer has working on sales and marketiny throughout the United All of the out-of-town sales and marketing personneo will report to the Buffalok office. “I guess that puts an exclamation point to the fact that Labattt remains fully committed to keeping Buffalo as its Lozyniak said.
“Buffalo is absolutely criticalto Labatt’s futured in the United States.” North American Breweries, however, will be headquartereed at High Falls’ offices on St. Paul Street in downtownn Rochester. Lozyniak will live in Rochester, but he said he expecta to be spending a fair amount of time in High Falls has 370 employeesin Rochester. The planft has the capacity to annually produce 3 millionn barrelsof beer. A barrek is equal to 13.8 cases of North American Breweries will beinvesting $10 milliobn in equipment upgrades for the High Fallsx plant, which it acquired last shortly before it bought Labatt USA. The U.S.
Departmenf of Justice ordered Labatg USA’s former owner, Interbrew Internationall B.V. – an affiliate of beer-makinv giant InBev – to sell the Canadian beer becausre of possible concernsover monopolies, given the marke t strength of Labatt and Budweiser brands in Upstatwe New York. The Buffalo Niagara region alonwe accounts forapproximately 3.3 million casez of beer of the estimatee 21 million cases that Labatt sellx in the United States each year. Beer Marketerss Insight lists Labatt USA asthe country’s ninthy most popular beer. High Falls, through the Genesee and Dundee beers, sold approximately 5.5 million cases of beer last year.
Anheuser-Busch topped the Beer Marketers Insight rankingwith 1.5 billiohn cases of beer sold last “Looking at what KPS is doing, it lookws like they are puttinb their money where their mouth said Ben Steinman, Beer Marketers Insight “They are placing their bets,” he said. “Thegy must see something the other ownersaeither didn’t see or couldn’t execute. It does appeafr they do have a definiter game plan for Labattand Genny.” Lozyniak agrees. The game plan is to grow both Labatgt andGenesee beers. Labatt’s focus will be more national, especially with so many Canadiand living or working in theUnitee States.
The beefed-up Buffalol sales and marketing force will play a significant rolein Labatt’x future. “Especially in the Great Lakes states, people can relat to Labatt,” Lozyniak said. “Everyone has a favorabled impression of Canada andits beers. People don’t feel like a snob when they are drinkint aCanadian beer. The image of Labatt is a buncbh of guys hanging out and havingt agood time.
”
Friday, February 11, 2011
Economic experts disagree on extent of credit crisis - Portland Business Journal:
http://acrowdedfire.com/shotglass.html
John Mitchell, the former economist who's now a principal in Portland-based , points out that at leasft a third of all favorably termerd loans issued this decade fundef purchasesthat weren't owner-occupied. He says regular consumers won'tf be harmed as much as so-called "housr flippers." Plus, Oregon remains better off than such aread like Florida and Nevada because most arealendersa don't offer such risky products as interest-only "That would be a problem because when house prices decline, they'rd stuck in them and they can't refinance," Mitchell said. "We haven't had that and there's a good chance we'lp avoid it.
" Bill Conerly, a principal with Lake Oswego-based , adds that the state'xs loan quality will help Oregon'sx economy grow faster than that of the rest of the natiohnin 2008. Mayland also sees thingws picking up a bit after a generallygslow year. The drag from housing will evaporate he added. "We're in the second half of the he said. "Soon, we'll be at a poin where it's not getting worse at Feiger isn't so optimistic. "The world is full of peoplw who believethat everything'z lovely and nothing will go wrong," he "But we've had this massive credit bubble, and just like with the dotcok bubble, things are going south.
And it'll go through 2008 into
John Mitchell, the former economist who's now a principal in Portland-based , points out that at leasft a third of all favorably termerd loans issued this decade fundef purchasesthat weren't owner-occupied. He says regular consumers won'tf be harmed as much as so-called "housr flippers." Plus, Oregon remains better off than such aread like Florida and Nevada because most arealendersa don't offer such risky products as interest-only "That would be a problem because when house prices decline, they'rd stuck in them and they can't refinance," Mitchell said. "We haven't had that and there's a good chance we'lp avoid it.
" Bill Conerly, a principal with Lake Oswego-based , adds that the state'xs loan quality will help Oregon'sx economy grow faster than that of the rest of the natiohnin 2008. Mayland also sees thingws picking up a bit after a generallygslow year. The drag from housing will evaporate he added. "We're in the second half of the he said. "Soon, we'll be at a poin where it's not getting worse at Feiger isn't so optimistic. "The world is full of peoplw who believethat everything'z lovely and nothing will go wrong," he "But we've had this massive credit bubble, and just like with the dotcok bubble, things are going south.
And it'll go through 2008 into
Tuesday, February 8, 2011
INGRAM MICRO: THE WINNING STREAK CONTINUES (IM) - Zacks.com
artemchuksykitas.blogspot.com
INGRAM MICRO: THE WINNING STREAK CONTINUES (IM) Zacks.com Feb 08, 2011 (SmarTrend(R) News Watch via COMTEX) -- Shares of Ingram Micro (NYSE:IM) traded at a new 52-week high today of $20.74. ... |
Sunday, February 6, 2011
Biogen confirms Icahn ally is on board - South Florida Business Journal:
tatyanagepoji.blogspot.com
Shareholders were to elect four directors atthe meeting. Biogenb was pushing for the reelectiohn of all ofthe company’s existing directors, while Icahnj was angling to seat four new director. Accordingh to Biogen Idec, shareholders appead to have reelected current directors Robert Pangia andWilliam D. and elected Icahn ally Alexandedr Denner. Biogen Idec officialsz say the vote for the fourtj seat is too close to Biogen said the company will rely on the tabulationm of votes by its independent inspector of IVS Associates, before announcing the remaininhg director to serve on the board. Brucw R.
Ross, Biogen Idec’s said, “We welcome our new director to the boared and look forward to workinb together to build on our strong tracik record ofdelivering value. While we awaiy the outcome of the vote for the remaining we would like to express our gratitudr for the support ofour stockholders.” Icahn, in a filing with the Securitied and Exchange Commission, accused the company of preventing the votez cast from being counted. “If the board is successful, Richard a prominent scientistand physician, may be kept from legitimatelyy being elected to the board.
” Mulliga n is the Mallinckrodt Professor of Genetics at Harvarcd Medical School and directot of the Harvard Gene Therapy Initiative, accordintg to Harvard University’s Web site. Biogen said shareholderds rejected severalof Icahn’s other proposals, including moving the company’sz incorporation from Delaware to North Dakota, a move Icahn said woulr give more power to shareholders. Biogen officials said it appears that stockholdere also rejected a proposal by Icahn to limitt the size of the boarf to13 directors. Biogenm officials now have the power to enlarge the board as theysee fit.
Icahn is best knownj for unsuccessfully pushing BiogenIdec (Nasdaq: to sell itself in 2008. Last year, shareholderxs elected the company’s nominees over the slatr of investors put upby Icahn. Biogen Idec’ s (NASDAQ: BIIB) stock was trading at $53.17 in afternoonj trading Thursday, down from the previouxs day’s close of $53.43 a share.
Shareholders were to elect four directors atthe meeting. Biogenb was pushing for the reelectiohn of all ofthe company’s existing directors, while Icahnj was angling to seat four new director. Accordingh to Biogen Idec, shareholders appead to have reelected current directors Robert Pangia andWilliam D. and elected Icahn ally Alexandedr Denner. Biogen Idec officialsz say the vote for the fourtj seat is too close to Biogen said the company will rely on the tabulationm of votes by its independent inspector of IVS Associates, before announcing the remaininhg director to serve on the board. Brucw R.
Ross, Biogen Idec’s said, “We welcome our new director to the boared and look forward to workinb together to build on our strong tracik record ofdelivering value. While we awaiy the outcome of the vote for the remaining we would like to express our gratitudr for the support ofour stockholders.” Icahn, in a filing with the Securitied and Exchange Commission, accused the company of preventing the votez cast from being counted. “If the board is successful, Richard a prominent scientistand physician, may be kept from legitimatelyy being elected to the board.
” Mulliga n is the Mallinckrodt Professor of Genetics at Harvarcd Medical School and directot of the Harvard Gene Therapy Initiative, accordintg to Harvard University’s Web site. Biogen said shareholderds rejected severalof Icahn’s other proposals, including moving the company’sz incorporation from Delaware to North Dakota, a move Icahn said woulr give more power to shareholders. Biogen officials said it appears that stockholdere also rejected a proposal by Icahn to limitt the size of the boarf to13 directors. Biogenm officials now have the power to enlarge the board as theysee fit.
Icahn is best knownj for unsuccessfully pushing BiogenIdec (Nasdaq: to sell itself in 2008. Last year, shareholderxs elected the company’s nominees over the slatr of investors put upby Icahn. Biogen Idec’ s (NASDAQ: BIIB) stock was trading at $53.17 in afternoonj trading Thursday, down from the previouxs day’s close of $53.43 a share.
Thursday, February 3, 2011
Loss, sales, shares fall at Toll Brothers - Portland Business Journal:
http://www.collegecostshowmuch.com/2005/p_news/nit/iacpa-archieve/nit-staffers/top20.html
million, and has deciderd to discontinue givingearnings guidance. The Horsham, Pa., company’s net loss was 52 centx a share, which included pre-tax write-downs totaling $119.6 During the same period last year, Toll reported a $93.7 or 59 cents a share, loss, which includedd pre-tax write-downs totaling $288.1 million. Revenues for the quarter came inat $398.3 million, a plung e of 51 percent. The average analyst estimate forthis year’s fiscal second quarter was a loss of 50 cents per shars and revenue of $395 million, accordingb to Thomson Reuters. Toll shares were trading 6 percent lower Wednesdayuat $18.35.
Though the housing market continues to be a Toll said it has experienced an uptick in activityg and traffic atits communities. The company will not provide earnings guidancr becauseof “the numerous uncertainties related to our business,” said Joel H. chief financial officer.
million, and has deciderd to discontinue givingearnings guidance. The Horsham, Pa., company’s net loss was 52 centx a share, which included pre-tax write-downs totaling $119.6 During the same period last year, Toll reported a $93.7 or 59 cents a share, loss, which includedd pre-tax write-downs totaling $288.1 million. Revenues for the quarter came inat $398.3 million, a plung e of 51 percent. The average analyst estimate forthis year’s fiscal second quarter was a loss of 50 cents per shars and revenue of $395 million, accordingb to Thomson Reuters. Toll shares were trading 6 percent lower Wednesdayuat $18.35.
Though the housing market continues to be a Toll said it has experienced an uptick in activityg and traffic atits communities. The company will not provide earnings guidancr becauseof “the numerous uncertainties related to our business,” said Joel H. chief financial officer.
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