Losses and charges hit Waste Management

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The Houston waste hauler on Wednesday reportedr net incomeof $155 or 31 cents per on revenue of $2.8 billion, for the threee months ended March 31, 2009. That comparee with net income of $241 or 48 cents per share, on revenue of $3.3 billion, for the same quarteer in 2008. Analysts polled by Thomsoj Reuters expected WasteManagement WMI) to have net earnings per sharee of 41 cents. The company said it took a $23 million charge for a restructuring that was announcerdin February, and a $30 million loss relatec to the abandonment of SAP software. Waste Managemeng expects its plans for some of its operations to save the compantyabout $120 million a year.
Without the chargs and loss, the companu said it would have recorded net earnings of 42 centwper share, compared with 47 centx per share for the 2008 first quarter. Result s in the first quarter of 2008 included a 1 cent per shar e benefit dueto $6 million of net income from incomer tax audit settlements.

Charlotte Business Journal: Editorial staff & information

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Mail or fax your or use the form on this Charlotte Business Journal doesgreat in-depth Here's when your hot topic will be Nominate your company for inclusion in a list.

Roberts backs KU Cancer Center's push for NCI designation - Boston Business Journal:

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Roberts, R-Kan., spoke at The ’z Westwood medical building. He said that it now takezs 10 years to 17 yearsand $1 billiobn to bring a new drug to market, whichj Roberts called a “national disgrace.” The Nationall Cancer Institute said in Novembef that the KU Cancer Center has a 25, 2011, application date for its effortsz to get an initial five-yeaf designation as an NCI cancer The months-long application process for institutions seekin g new designations begins with submissionn of documentation that sometimes exceeds 1,000 pages and includes a site visit and other The earliest that KU Cancer Center’s application could be approved is the springg of 2012.
Nationwide, 64 canceer centers receive Cancer Center Supporyt Grants to support research to reducethe incidence, morbidity and mortalityu rates of cancer. There are 23 cancer centerd and 41 comprehensivecancer centers. The KU Cancer Center is part of , whicj is the medical research and education arm of the Universitygof Kansas. NCI designation — KU’as No. 1 priority — typically is granted to academic medical centers. Therefore, KU Medicapl Center is the entit y that will apply forNCI designation. • Increase regional patient accessto cutting-edge clinical trials. More than $1.3 billion in annuall economic benefits inthe region.
• An increase in KU Cancer Center’s annual NCI financing from thecurrentf $7.5 million to about $40 million. NCI-affiliated institutions also attracrt world-class researchers who bring NCI grants with and part of the estimated increase is basedfon that. Many of these researcheras doubleas clinicians, adding expertis e and depth in various cancer-care sub-specialties.

Dayton Business Journal: Frequently Asked Questions

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Space Data teams for wireless smart grid communications - The Business Journal of Milwaukee:

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Chandler-based Space Data announces the plan Monday to offer up a portion of the wireless spectrunm it owns to be used in conjunctionj with equipment fromMenlo Park, Calif.-basee Full Spectrum. The two companies say the deal will allo utilities to ownprivate wide-areqa networks to provide commands to smart grids. “Th e combination of our interference-free, high-poweree frequencies with state-of-the-art WiMax technology provided utilities with a dedicated private broadbandwirelesas system,” said Jerry Knoblach, CEO of Spacd Data.
For several years, Space Data has been developinb a system of wireless communications using weather balloons to carryequipment aloft, providint a wide area of coverage. The company also has been providinhg communications for several years in theutility sector. Smart grids are the latest application of technology inthe nation’sx power system. They will transform the nationall power grid into one that ismore flexible, allowing it to delivedr more power to areas of the country that need it. The two companiesw believe their product would allow grid operatorx to control distribution remotely through awireless network.
“Im terms of grid automation, much of the focus to date has been directer toward automatic meter readingvand control. However, real-time command and controlk of higher-level grid devices are of if not greater, importance in the drive for overallgrid efficiency,” said Stewart Kantor, CEO of Full

Choosing a financial partner depends on company

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We asked several financial executives to talk abouty their competitors on this basic Are there times when another kind of financial institutionh would work bestfor someone’s businessd needs? Their combined answers are below. And if you’re in the markett for a new financial this may help withyour Q: Imagine you’ve got a busineses owner in front of you. When would you recommend they go to a larg regional ornational bank? A: Companies with highlyh sophisticated needs such as investment banking and capitall markets probably are not a good match for a smaller, locallyy owned bank, as those services are typically not offered.
Finding the right providetr for any client should involve exploring optionw with an honest assessment of their needs and an evaluation ofvariouz providers’ pricing, service, technology and otheer factors to establish a mutually beneficiaol partnership.

Treating ER overload - Philadelphia Business Journal:

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Surveys conducted earlier this year by hospita groups in Pennsylvania and New Jersey founde their members are expanding and renovatingemergencgy departments, even as they are delaying or forgoing othefr building projects until the economy Four area hospitals are unveilinbg new or expanded emergency departments. The expansions are part of buildin gprojects — started before the recession hit — totaling more than $450 , which operates one of the busiesty emergency departments in South Jersey, is getting ready to open the firsgt phase of its expanded ED on July 1.
When the overalpl project is completed next the Camdenmedical center’s ED will grow from abourt 6,100 square feet to 24,900 square feet and its bed coun will increase to 38 from 25. Also debuting are EDs at and , both in Cheste r County, and an expanded ED at in Dr. Michael E. Chansky, chief of emergencyh medicine at Cooper, said the economy is only partially responsiblw for emergencyroom overcrowding. “There’s this misconception EDs are overwhelmec by peoplewho aren’t working,” Chansky “Care for people with no income is subsidized, at leasg partially, by Medicaid.
The issue is the workinvg poor, people who have jobs but make too much monet too qualifyfor Medicaid, but not enougnh to afford insurance. We are the safetty net for those Americans.” Exacerbating the he said, are hospital closures that are leaving fewert EDs available to treatt agrowing population. In addition, Chansky many hospitals — which are required by federal law to care for anybod who shows up at the door regardless of their abilityg topay — continud to struggle to efficiently have beds availablew for patients who are ready to leave the ED and be Karen Slutsky, clinical director at Cooper, notexd Cooper has tried to addresa the problem by using space underused in the eveningds as a temporary holding area for patients awaitint admission.
The hospital also uses hallway spacee away fromthe ED. Slutsky said when the hospitaoreaches capacity, it now sendsz out alerts to physicians — by meanx of Blackberrys — urging them to expedite the discharger process for patients readh to go home. “You have to be creative,” she said. John Cooper’s CEO, said the hospital’s emergencyy department was built toserve 25,000 patients a Last year, 56,000 people sought emergency treatment at The Joint Commission (the accreditingb body for health-care providers) is coming down on hospitald that have to put their emergency departments on divert because they don’ty have the capacity to handle more said Mary Ann a partner with IMA Consulting, which worksz with hospitals from its base in Chadds That is a result, Holt said, of hospitals reducingv staff levels because of economic With fewer staffed beds available, many hospitalsx are more frequently encountering delays in admitting patients f rom the emergencyt department.
A change in accreditatioh status, Holt said, can impair a hospital’x standing with Medicare — a large sourc of revenue for most hospitals. “Hospitalsz can’t afford to have that she said. Holt agreed issuee causing overcrowding are and can’t be fixed by just makinyg EDs bigger. “Patients are deferring sometimes waiting to the point of requirinemergency care,” she “People are losing their jobs and the health-care insurance, so paymentt is an issue.
” Phoenixville Hospital’s ED is tripling in size as part of a $90 millionb patient tower being built that also includes a new intensive-care unit, medical-surgical unit, telemetry unitsx and cardiac rehabilitation unit. CEO Stephej Tullman said ED visits have escalated in recent yearsx because of the overall housing growth in the area especially along the Route422 corridor. “We’ve maxeds out of our current space,” Tullman Paoli Hospital is gettinf anew ED, four times larger than its existinbg one, when its $145 million patient-care pavilion opense next month.
Last month, the board at Main Line Health, Paoli’s parent, approved plans for Paoli to seek states approval to establisha level-II trauma center withibn the new ED. Chester County has been without a traumw center since the one at Phoenixvillse Hospital closedin 2002. Pennsylvania Hospital expects to completew the final phase ofits $12.5 milliohn ED expansion in August. The medical centef is tripling the size ofits emergency-carwe facilities, which will have 29 treatment areas and a new ambulanc e entrance.