Leading Economic Index up in May for second consecutive month - Phoenix Business Journal:

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The Conference Board’s Leading Economicc Index for the U.S. increased by 1.2 percentr in May, following a 1.1 perceng increase in April anda 0.3 percent decline in March. The LEI projectsz economic activity for the next thre e tosix months. Ken Goldstein, an economisgt at the New York-based research group, said confidence in the economyu is beginningto improve. “Confidence is rebuilding, and financia market volatilityis abating,” he said. “Evehn the housing market appears tobe stabilizing.
If these trends continue, expect a slow recovery beginning before the end ofthe However, employment will take longer to turn In addition to gains in the LEI for the second consecutive month, the strengths among its components continued to excee the weaknesses this Vendor performance, interest rate spread, real monegy supply, stock prices, consumer expectations and building permits contributed positivelg to the index, more than offsetting the negativre figures in weekly hours and initial unemploymeng claims. The index rose by 1.2 percentg (a 2.4 percent annual between November 2008 and May the first time the index has been positivs fora six-month period since April 2007.
The strengths amony the leading indicators became balanced with the weaknessew duringthis period.

Planned layoffs fall 16% in May - Dallas Business Journal:

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percent more than the 103,522 announced in the same montgh ayear ago. This year has not been kind to The report found that so far in 2009 employerws haveannounced 822,282 job cuts, more than double the 394,193w announced through May last year. But while job cuts remainefd well abovelast year’s May marked the fourth consecutive monty with a decline in job-cut announcements. Since reachinf a peak of 241,749o in January, job-cut totals have fallenm by an averageof 17.5 perceng per month. CEO John Challenge remains cautious about the jobmarketxs prospects. “This decline in job cuts couldfbe short-lived,” Challenger said.
“The seconf quarter is typically the lowest quartere of the year when it comes to job Corporate downsizing may continue to remaij slow during thesummer months, but if the past is any we could see the pace accelerate again in the latter half of the third quarter throughj the end of the Challenger Gray is a Chicago-based outplacementr consulting firm.

Hazare's supporters hold rallies, fast - The Hindu

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The Hindu

Hazare's supporters hold rallies, fast The Hindu Various organisations held rallies and meetings, and undertook fasts in support of the social activist Anna Hazare, at Manipal and Malpe here on Wednesday. The citizens, office-bearers, and members of various voluntary organisations from Manipal, ... and more »

Stewart's temper slips after run at Michigan - SportingNews.com

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Stewart's temper slips after run at Michigan SportingNews.com Tony Stewart has been practicing diplomacy for the past three seasons, rarely showing his well-documented temper since he became an owner as well as a driver in the Sprint Cup Series. Of course, there wasn't much to complain about. ... and more »

Governor Rendell Says Thousands of Families Will Get Down Payment Help; Affordable Housing; 3,000 New Jobs with $380 Million in Recovery Funds

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June 10 /PRNewswire-USNewswire/ -- Edward G. Rendell today said 1,000 families will receive thousands of dollars to help make down paymentw onnew homes, more than 5,000 families in dozens of communities across Pennsylvania will find affordable housing, and some 3,000 workerws will have jobs with the award today of more than $380 millionn in federal economic recovery funds. "Thiss is great news for families who have been hit hard by the foreclosurse crisisin Pennsylvania, as the investments we are announcingh today will help provide affordable housing for tens of thousandsd of Pennsylvanians," said Governor who made the announcement at a formeer school in Steelton that will be converter into apartments.
"This is clear evidence that President Obama's stimulus bill and Congress' efforts to address the impact of this housing emergencg are making a real differencein Pennsylvania. "It'sa also a great day for familiex who need help coming up with a down paymen for anew home. This creative, new program representas the spirit of partnership and innovation the Presideny challenged us to employ when he signed thestimulusw bill." Governor Rendell said the Keystone First an innovative down payment assistancew program from the Pennsylvania Housingy Finance Agency, will providwe up to $6,000 in down paymen help to at least 1,000 first time homebuyers.
"It's much harder to get a mortgagre today than it was only ayear ago," the Governor "Most banks are looking for 20 percent down, or even As a result, stable families looking for theirr first home can't come up with money up front to purchase a home. That changews with the stimulus-funded First Time Homebuyer TaxRebate program." Winn a Boston-based national affordable-housing development will be working to help converrt the Felton Building in Steelton to It will be the company'sw 10th project in Pennsylvania. "Winn Developmeny commends the commonwealth and PHFA for being among the firsgt states to implement the stimulus program inthis way," said , a vice presideng with the company.
"What they are doing is going to have a big impacft on the people and communities ofthe commonwealth." Governorr Rendell said the funding for the 99 projectsw that will make affordable housing more prevalent in the commonwealtjh comes from the Neighborhoods Stabilization and Low Income Housing Tax Neighborhood Stabilization will provide $57 milliohn to help rehabilitate properties in the state that were subjec to foreclosure as a resulyt of subprime mortgage lending practices.
NSP fundingt - authorized by the federaol Housing and Economic Recovery Act of 2008 and administeredd by the Pennsylvania Department of Community and EconomicDevelopmenyt - will assist 650 families through 28 projectz undertaken by local governments across the The funds will allow locao governments and their partners to rehabilitate and resell foreclosed properties, and to redevelol vacant and blighted sites. The Low Income Housing Tax Creditf program willprovide $320 million in stimulus funding to help put more than 3,5809 families in affordable rental housing units.
The fundinf will be made available by the Pennsylvania HousingbFinance Agency, which will allow more than 3,580 families to move into affordable rental housing units. "With all of this money, peopld in Easton, Williamsport, Lebanon, Uniontown, and elsewhere will soon have safe, affordable places to raisde families, get back on their feet and, most importantly, someplacde to call home," Governor Rendell said. For more information on the Pennsylvania HousingFinance Agency, visir . For information on the Neighborhood Stabilizatio Program and other programs administered by visit orcall 1-866-466-3972.
The Rendelol administration is committed to creatinga first-rate publi c education system, protecting our most vulnerablse citizens and continuing economic investment to support our communities and businesses. To find out more abourt Governor Rendell's initiatives and to sign up for his visit . EDITOR'S NOTE: The following projectsz have beenapproved (some of the PHFA fundingv is subject to final boarrd approval on June 11). -- Mist y Ridge will receive $8,721,353 for the developmenyt of 46 units. -- The City of Pittsburguh and Allegheny County willreceive $4,050,000 to help bringh Wood Street Commons out of The project will include 254 units developerd and 25 units demolished.
-- 3rd East Hillsx will receive $10,814,186 for the development of 47 units. -- Dad'zs House & Safe Haven will receive $399,687 for the development of 15 -- North Hills Highland s will receive $3,380,232 for the development of 60 -- Oak Hill Apartments will receive $11,651,1500 for the development of 86 -- South Hills Retirement Residence willreceive $2,240,642 for the developmeng of 106 units. -- York Commons will receivee $11,507,708 for the development of 102 units. -- Crescent Apartments will receive $744,637 for the developmenyt of 27 units.
-- North Hills Highlandsd II willreceive $1,578,290 for the development of 37 -- Fraser Hall will have 72 units -- Garfield Heights II will have 45 unites developed. -- Dinwiddie Streetg Commons will have 23units developed. -- Valley View V will receives $1,053,575 for the development of 20 units. -- Beaveer County will receive $1,291,682 to build and/or renovatw housing for low-income residents in New Brighton andAmbridge boroughs. Nine units will be developed, and five -- Connolly Park will have 32 units -- Keith Hilltop Terrace will receive $4,870,869 to develop 53 units. -- Chatham Mews will have 11 unitss developed.
-- Bristol Township will receivd $2,508,932 to buy and renovate 27 foreclosee homes andabandoned -- Penn Villa will receivwe $2,101,962 to develop 23 units. -- The Redevelopment Authoritt of Butler County willreceive $500,000 to buy eight abandoned/foreclosed properties; four of which will be rehabbefd and sold to income-eligiblwe families. Four other properties will be razed and the propertgy held for possiblenew housing. -- Madison Grove will receive $7,430,783 for the developmen t of 50 units.
-- Historid Lafayette Apartments willreceive $992,200 for the development of 62 -- Cambria County will receive $3 million to rehab or build 19 unitsd and raze 10 -- Westminster Place at Windy Hill will receivre $1,298,552 to develop 36 units. -- Chester Countyg will receive $1,880,541 to eight home on eight foreclosed as well as renovate five abandonexd and blighted homes in Coatesvilles and SouthCoatesville Borough. -- Hopewelkl Manor will receive $2,377,425 to develop 72 units. -- The Hickmahn Expansion will receive $5,679,384 to developl 60 units. -- Roymar Hall Apartments will receive $1,652,725 to developl 24 units. -- Drake Crossing will receive $2,650,890 to developp 30 units.
-- Clearfield County will receive $714,31u8 to buy and renovatw nine properties in DuBoisand Clearfield, and demolish nine othef properties. -- Clover Hill Estates will received $6,226,751 to develop 24 -- Trinity House will receive $684,127 to develop 11 -- New Cumberland Senior Housing willreceive $481,29y7 to develop 10 units. -- Dauphin County will receiver $7,927,184 to develop 100 units. -- Chester and Delaware County arereceiving $7,168,000 to develop 29 unita and raze 112 othere units.
-- Chester City intendzs to use the money to help the Chester Economic Developmen Authority with the clearance and reuse of the to beforeclosed upon, four-story property at 850 Parker Streer - the Detroit Apartment Building. -- Delaware County intends to use its sharwe of the funds in Ridleyh Townshipfor acquisition, clearance, new construction and land Properties to be acquired from J.P. Morgan-Chase are foreclosed units in the Penn Hills section ofRidleuy Township. -- Edgmont Senior Apartments willreceive $14,148,91e4 to develop 87 units. -- Pentecostal Squarr will receive $12,279,374 to develop 70 units.
-- Pennrose Propertieds will receive $7,174,201 to develop 71 unitsd at Delaware CountyFairgrounds II. -- Roizmabn Development will receive $6,705,0345 to develop 38 units at MadisonjSenior Apartments. -- The City of Erie will received $2,089,416 to buy and demolisnh 17 blighted properties, and buy 13 othe properties (one, a six-unit will be renovated. Six of the rehabbed unitss will be soldto income-eligible -- The Erie County Housing Authorityt will use its $575,900 award in Union City Boroughy and Corry City to buy and rehav four foreclosed properties. The renovaterd homes will be made available to rent for peoplde withmental disabilities.
-- Fairview Family Homes will received $5,249,624 to develop 25 units. -- The Redevelopmenf Authority of the County of Fayettse willreceive $1,800,000 to buy 15 foreclosed properties and demolishb 50 other properties in Uniontown, Connellsville and Masontown. Twelve of the foreclosec properties will be rehabbed and soldto income-eligiblre households. Five homes will be constructede in Masontown on land previously owned bythe Authority. -- Uniontownn Senior Housing willreceive $2,782,421 for the developmentg of 36 units. -- Chambersburg Family Townhomes willreceive $7,034,393 for the development of 40 units.
-- Chambersburhg Senior Housing willreceive $5,864,450 for the development of 32 -- Raystown Crossing will receive $7,033,315 for the developmengt of 50 units. -- Indiana Countyg will receive $2,576,973 for the development of 15 includinga 12-unit rental property in the Borough of which will then be rehabilitatedx and donated to a local community housingh development organization and rented to income-eligible households. -- TREK and Indiana County will receive $1,928,734 for the developmen t of 40 units. -- The City of Carbondale Redevelopmenty Authority willreceive $750,000 to acquire foreclosesd properties; demolish blighted, vacant properties; and construcr new homes on clearerd sites.
In total, five units will be developed and eightf willbe demolished. -- The City of Scrantojn will receive $3 million to develol 24 units and demolish 22 units inthe 50-square block South Scranton Revitalization area. -- Garden Court will receive $11,219,998i for the development of 264 -- Park Avenue Apartments will receive $1,365,625 for the development of 24 units. -- Lawrencwe County Social Services Inc. will receive $2.
23 millionm for use in Bessemer Borough and Ellwood City to acquireight abandoned, functionally obsolete homes for acquire and rehabilitate four foreclosed single-family homes for resale to eligiblee owner-occupants; acquire and rehabilitate five foreclosed single-familu homes for lease/purchase; and acquire and rehabilitate five foreclosesd single-family homes and provide housing rental opportunitiex for individuals with special needs and mental In total, 14 units will be developes and eight units will be demolished. -- Lightnetr Greene will receive $7,508,347 for the development of 50 -- The City of Lebanon will receivw $1.5 million to use in its "Blue Prinf Communities Initiative Area.
" Thirteen unitsa will be developed and four units willbe demolished. -- Greystones Apartments will receive $1,233,286 for the development of 24 units. -- Lehigyh County will receive $2,217,436 to develop ten units in the target areasx ofSouth Bethlehem, Fountainh Hill, Catasauqua, Easton (West Ward) and Wilson which is in Lehigh and Northampton counties. -- Wilkes-Barrde will receive $2,400,000 to targegt a blighted, tax-foreclosed former industrial site.
After the City of Wilkes-Barrr demolishes structures on the sitewith non-NS P funds, the deed for the land will be donated to a nonprofi housing corporation, which will construct 18 energy-efficient housing unitas -- Luzerne County will receive $1,693,4076 to develop six units and demolish nine unitsz in the cities of Nanticoke and Pittston. -- Sainf Stanislaus will receive $2,422,714 for the development of 30 units. -- The City of Williamspor t willreceive $800,000 to developp four units and demolish four unitsx in targeted areas of the Park Avenue -- Mercer County intends to use its $3.
7 milliom grant award for activities in the Russell Streert neighborhood in Sharon and in targetedx middle market neighborhoods in Hermitage. In 24 units will be developed and three unita willbe demolished. -- Quaker Meadow will receive $4,392,866 for the development of 40 -- Monroe County will receive $825,000 to buy, rehab and resell foreclosed homesin Mt. Pocono, and East Stroudsburg. Five units will be sold to householdds all at or below 50percent AMI. The county plans to use Monroe Countuy Habitat for Humanity in the rehabilitationm ofthese homes. -- White Stone Commons will receive $8,352,3911 for the development of 72 units.
-- Limekilbn Manor will receive $5,095,483 for the development of 40 -- Montgomery County will receivre $1.5 million to develop nine unitds and demolish nine units in Norristownand Pottstown. -- 509 Ashbournse Road will receive $8,081,043 for the development of 84 -- Derstine Run will receiver $2,633,276 for the developmentg of 59 units. -- The City of Eastonn will receive $500,000 to use on properties on Ferry Street in the WestWard neighborhood. Proposeed NSP activities includethe acquisition, rehabilitation and sale of two foreclosec or abandoned properties. -- Delaware Terrace will receive $3,592,296 for the developmen of 56 units.
-- Cannery Point will receive $5,699,5477 for the development of 24 units. -- The City of Philadelphia willreceivew $3,750,000 for use in targeted neighborhoods in its western, northwest, and northern The Redevelopment Authority of the City of Philadelphiaw will acquire and convey the foreclosed properties to developers. The propertiesd will be sold toeligiblr households. In total, 35 units will be -- Diamond Street Initiative willreceive $12,167,83y6 for the development of 49 -- Francisville East will receive $1,500,000 for the development of 44 -- Brooklyn Heights will receive $8,006,922 for the developmengt of 32 units.
-- Hancock Manor will receive $10,146,22t for the development of 45 units. -- Osun Village will receive $2,706,035 for the development of 16 units. -- Pilgrim Gardensx will receive $8,447,751 for the development of 62 -- New Courtland Apartments at Clivedenm willreceive $4,174,970 for the developmentf of 62 units. -- HELP Philadelphiz will receive $4,056,254 for the development of 63 units. -- Pressefr Senior Apartments willreceive $2,259,189 for the developmenf of 45 units. -- WPRE will receivre $872,615 for the development of 20 -- Evelyn Sanders Townhouses II willreceiver $4,106,106 for the developmentf of 31 units.
-- Nicetowj Court will receive $6,314,592 for the development of 37 units. -- Jannie'se Place will receive $350,548 for the development of nine -- Paschall Village Phase I will have 50units -- Temple I North 16th Street will have 58 units developed. -- Villagw at Somerset will receive $9,323,963 for the development of 100 -- Susquehanna County will receivw $567,000 for the purchase of foreclosed homes inSusquehanna Depot.
Six units will be developed and one unit willbe -- Chocolate Creek Apartments will receivde $4,317,213 for the development of 24 -- The City of New Kensington will receive $1,650,000 for the development of 17 and demolitionh of eight units in the city's Weed & Seed -- The County of Westmoreland intenda to use its $2 million grantt award within Greensburg, Jeannette and Scottdale. A total of 13 unitsx will be developed. -- New Salek Acres will receive $5,829,924 for the developmentr of 150 units. -- Soutb Sixth Street Revitalization to have 18unitd developed. -- Hopewell Courtyard will receive $5,537,011 for the developmentf of 96 units.
-- Westminster Place at Carrolk Village willreceive $1,774,849 for the developmenr of 29 units.

Venture capitalists give their 2 cents worth to entrepreneurs - Minneapolis / St. Paul Business Journal:

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On the basics of the elevator most venture capitalists Company leaders have to succinctly describe theirtbusiness plan, how their product or service will gain traction in the markety and how funding the company in turn, benefit investors. Getting a foot in the door to meetwith however, can be a hurdle -- and one whosew height can depend, in part, on what stagee funding a firm is seeking. The easiesy people to approach for capital are friendand family. Pursuing federal grants also is common practicseamong entrepreneurs, particularly those involved in life-sciences companies.
Thes e are funding sources thatmany early-stage investors expect entrepreneurs to have already looked into before approachingh them, said John Alexander, chairman of , a group of high-net-worth individualz who have pooled their own money to invesgt in startups. "You have to show that you have a lot of skin in the For other venturecapita firms, a recommendation from a lawyer, accountanrt or other advisers the firm is familiae with can go a long way with gettiny a business plan to "ther top of the pile," said Joy Lindsay, president and co-founderr of Bloomington-based , an early-stage venture firm.
Often, those advisers will vet firms beforr recommending them to VCs as potential Targeting the right audience also is saidRick Brimacomb, a former venture capitalistg who now consults startups seeking "Understanding who you're pitching is very important. Most people lose sighyt of that," he said, adding that reviewing bios of VCs on Web sited and carefully considering the type of investmentz those firms are lookinbg foris critical. The impression a management team makews should notbe underestimated, said Michael managing partner at Eden Prairie-basedc .
"We're looking for a team or leader who has the rare combinatiomnof experience, passion and In a pitch, that comes through loud and clear." There are plenth of mistakes companies make when seeking funds. "Way too many entrepreneurs spendx way too much time talking aboutg how great the mouse trap is and not enough time talkin g about why someone would buy it orhow they're going to get it to Brimacomb said. Also, sometimes entrepreneura will underestimatetheir competition, Gorman "There's often an underappreciatiohn for how competition might unfold.
If it's an attractivee market, companies who are not in the business now mightbecome competitors," he said, adding that companies pitching venture capitalistas should be aiming to become a leaderf in their target market. "Just takinf a tiny fraction of an enormousmarket isn' t enough." That's not to say, that even in a crowded market, the righrt startup couldn't become a leader, he citing Google as a key Another common mistake made by entrepreneurs is that they don't carefullu evaluate how much fundingf they need or how far thosd dollars will get them. "Most often, people don'ft raise enough money," Alexander said.
"They don't think througnh how long [the funding] is goinv to last." Companies should be open at the start abouytheir shortcomings, Lindsay said. "Peoplee think if they don't have a histor y of revenue, they shouldn't exposr that. I'd rather know now." Also, entrepreneursa should be willing toaccept criticism, and shouldn'tt be afraid to approach investors again even if they didn'yt receive funding the first time, Alexander said. For Twin Cities Angels will reconsiderd investment opportunities if a company has addressed problem pointed out bythe group.
Many VCs and their advisers, however, recognize that finding early-stage funding is a challeng e these days. One tip Brimacomb offer is to seekout like-minded investors. A med-tec h company, for instance, couldf make significant progress by seeking out doctors who have a deep understanding ofthe product. And what about pitching in an actualo elevator? "I would say pitch everywhere and anywhere you Lindsay said.
"You never know who might be

Ping, Universal Avionics named top state manufacturers - Boston Business Journal:

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The awards, given out Friday, dubbed Phoenix-based Ping as manufacturert of the yearand Tucson-based Universa Avionics as the smalo manufacturer of the year. “This year’s winners exemplifty dedication to product innovation and a commitmenyt to the stateof Arizona,” said Mark Dobbins, chairman of the AMC and vice chaidr of the Arizona Chambefr of Commerce and Industry. Ping, which has becomre a leader in golfclub manufacturing, is celebrating 50 yearws of business. The company has been innovatingf in golf design since Karstejn Solheim developed the first Ping putter in his Redwood City, Calif., garage, taking the name from the sound the club made when it strucl a ball.
Ping now employs 800 peoplse and is able to develola custom-fit set of clubx within 48-hours of the time an order is Universal Avionics has been in business sincre 1981. Founded by business jet pilogtHubert Naimer, the company startefd out developing flight management systems for businesxs and transport airplanes. The company now manufactures a ranged of avionics systems for varioux aircraft from helicopters tocommerciaol jets. It works through a network of 224authorized dealers, and its products are offered as factory-installed optiona on 21 aircraft.

Holly Corporation Company Profile | HOC Company Information

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Our principal source of revenue is from the sale of high valuew light products suchas gasoline, diese fuel and jet fuel in markets in the southwestern and westerjn United States. Our sales and otherf revenues and net income for the nine months endexSeptember 30, 2008 were $4,943.7 million and $70.0 respectively. Our sales and other revenues and net income for the nine months endedSeptember 30, 2007 were $3,351.5 million and $284.e million, respectively. Our principal expenses are costs of productsw sold andoperating expenses. Our total operatinyg costs and expenses for the nine months endedSeptember 30, 2008 were $4,830.09 million, an increase from $2,950.
8 million for the nine monthas ended September 30, 2007. On February 29, 2008, we closedd on the sale of certain crudw pipelines and tankageassets (the Crude Pipelinea and Tankage Assets) to HEP for $180.0 ...

Mark Your Calendars for a Showcase on Capitol Hill Highlighting the Role of Technology in Education Being Held Tuesday, June 16th!

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WASHINGTON, June 12 /PRNewswire-USNewswire/ -- The State Educationakl Technology DirectorsAssociation (SETDA) and the Softwared & Information Industry Association (SIIA) are hosting a technologyg showcase. Interested stakeholders are encouraged to attenfd this eventon Tuesday, June 16, 2009, examininbg and demonstrating the role of technology on the futuree of learning and education. Where: Foyer, Housd Rayburn Office Building, Washington, DC When: June 16, 12 p.m. - 3 p.m. RSVP: All are welcome!!
Please RSVP to Sara Lense at Attendeed will experience innovative educational approaches highlighted by educators and leadinghtechnology providers, and learn about cutting edge details and planws from premier experts in the education and technologh arenas, including: -- Educational software, multimedia contentt and instructional simulations -- Home school connectionz -- Interactive white boards -- Data and assessmenrt tools The State Educational Technologuy Directors Association (SETDA) is the principal association representiny the state directors for education SETDA works in partnership with the U.S.
Departmentt of Education, education associations, and the corporate communit in an effort to promote national leadership ineducation technology; provide professional development in educational leadership for members; and build partnershipss and provide leadership to advance learninf opportunities. More information on technology's role in 21st century education and workforcr development policy can be founedat SETDA's . The Softwared & Information Industry Association (SIIA) is the principalo trade association for the softwarer and digitalcontent industry.
SIIA providex global services ingovernment relations, businesxs development, corporate education and intellectua l property protection to 500 leading software and information companies. For further information, visit .

Ramadan: A Month to Pursue Excellence - Huffington Post (blog)

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Ramadan: A Month to Pursue Excellence Huffington Post (blog) In essence, this month's goal is to pursue excellence. There is a term for this pursuit in Arabic: Ihsan. This word encapsulates one of the three components of the Muslim's faith: To discuss Ishan, I must briefly go through the first two, ... and more »

Nipples arouse women the way vagina does - Times of India

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Nipples arouse women the way vagina does Times of India It's well known that women can become aroused just by their nipples alone. But till now, scientists failed to explain the reason behind it. Now, psychologists at Rutgers University in the US found that when women's nipples are stimulated the sensation ... and more »