Monday, May 30, 2011

Museum of Science to launch wind lab - Boston Business Journal:

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The lab, a part of the museum’s greenb initiative, will demonstrate small wind turbinez that could be erected on small businessesand homes. When five turbines — ranging betweenb 40 feet and seven feet inheightg — will rest on the museum’s roof. Two of the turbines are operationalp on the Cambridge side ofthe building, with the othe three to be installed on the Boston side this “This is a giant science experiment,” says Davis Rabkin, Farinon Director for current science and technology at the in a prepared writtehn statement. “No one has tested five different small turbinea in arooftop laboratory.
Although there’s lots of interesr in small-scale wind turbines, we found little data on theif performanceand impact. Despite a year of collecting data on the wind at the westill don’t realluy know enough about the turbines to predict their performance.” The lab came out of early efforts to use wind to meet a portiobn of the museum’s energy needs. Studies showecd the area’s wind resourcex were not strong enough to generatrmeaningful electricity, so the museum and the ’ss Renewable Energy Trust refocused the project to provide information to potential turbine owners on differences in desigm and function of various

Saturday, May 28, 2011

Law firms launch leaner summer associate classes - Boston Business Journal:

http://www.tarheelhoopla.com/?p=129
But the programs look a bit more modestr compared with the typical wining and dining that law students have experienced inyears past. Indeed the length of the the number of summer associate and the number of lavish partiese have all been scaled back atmost firms. At , eight summer associates will spend 10 weeks inthe firm’ws Boston office starting May 18, instead of 12 which has been the norm in past Weil Gotshal’s summer associates come from a mix of law schoolsd including Law School, Law School, Law Harvard Law School, Vermont Law School and Law School.
The firm anticipated that the associates will be busy with a variett of bankruptcy and corporate restructuring matters, although they won’t be as busy as in previousx summers. The students will also work on pro bono assignments andcommunity service. Although the firm is spendingg less money on social activitie compared withlast year, Weil’s summer class will attend at least one Red Sox as well as attend cocktailo parties and other events at partners’ homes. “We are going to make sure theird summers are substantiveand enjoyable,” said David P. Kreisler, a partned at Weil Gotshal and theBoston office’s hiring partner.
“I’m sure they’re I’m going to alla as many fears asI Boston-based Ropes & Gray LLP also is trimming two weekxs off of its summer program. Firm-wide, 200 law studentw will spend the summer atRopes & Gray’s starting on May 18. In addition to giving on-the-jobv experience, Ropes & Gray will hold training sessions for the corporate andlitigation departments, according to a firm The summer associate program at Boston-based LLP has alwayds been conservative and this year will be no different.
The firm has shavecd two weeks off of thenormally 10-week The 125-lawyer firm is hostinv two summer associates this year from Suffolk University Law Schoop and the University of Connecticutg Law School. They will attend a Red Sox game and abowlingv night, among other “We’ve never been lavish in our activitiesx for them,” said David Rosenblatt, managing partner at Burnds & Levinson. Summer associates will likelty be anxious to impressz partners and strive to dogreart work, in hopes of snagging a job offer in such a lean job There are a few guidelinesw to help ensure summer associatews make the most of their shorter summers.
“They’red probably getting a lot of advice telling them that they shoule do a good job more than everbecause they’llp stand out if they do good work,” said Stepheb Seckler, president of in Bosto and author of the blog CounseltoCounsel. “But I think they really need to make sure to cultivatwe relationships withthe partners. Don’t think if you’r in your office, doing a good job on a memo that you’re making a good impression. You need to show up at the publicd eventsbecause that’s where you’re going to meet the partnersz who will make decisions abouy your future,” Seckler said.
Seckler also advises summere associates to be proactive about finding projectsto handle. “Try to create an assignment rathet than have them handedxto you,” Seckler said. Although much of the legalp job marketremains static, partners are still a sought-afte r commodity in Boston. C. Hunted Baker has joined the Boston-based intellectual properth firm as counsel inthe firm’z pharmaceutical group. Baker joins from crosstownm lawfirm LLP, where he was a partnerf representing universities, research centers, startups and medium-sizer companies in developing intellectual property strategies, among other IP-related matters.
At Wolf Baker will focus his practice on patent prosecution and strategic counseling in the areasof biotechnology, chemistry, materials and medical devices. Baker is the latesrt in a recent string of partners to jump ship for otherlaw firms. Among the beneficiariees of these crosstown moves are and SeyfarthShaw LLP.

Wednesday, May 25, 2011

Biggest Concern for Bond Investors: Sovereign Debt Problems - aiCIO

http://gwheeler.com/plattcem.htm


Biggest Concern for Bond Investors: Sovereign Debt Problems

aiCIO


According to Fitch's latest European senior fixed-income investor survey, Europe's sovereign debt crisis remains a major worry with 64% of respondents, up from 56%, expecting developed market sovereigns to face their biggest refinancing challenge. ...



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Monday, May 23, 2011

Oscar-winning 'You Light Up My Life' composer Joseph Brooks, an accused rapist ... - New York Daily News

Steel siding


CTV.ca


Oscar-winning 'You Light Up My Life' composer Joseph Brooks, an accused rapist ...

New York Daily News


Composer Joseph Brooks, who won Oscar for 'You Light Up My Life,' appears in court last year. AP The Oscar-winning "You Light Up My Life" composer, who was awaiting trial for rape while his son faced a ...


Song Composer Awaiting Trial Is Found Dead

W »

Saturday, May 21, 2011

Schwarzenegger Maid Mildred Baena's MySpace Page Becomes a Flashpoint for Latinos - Fox News

kowutoco.wordpress.com


Globe and Mail


Schwarzenegger Maid Mildred Baena's MySpace Page Becomes a Flashpoint for Latinos

Fox News


It's impossible to tell, of course, which of the MySpace pages' hundreds of thousands of visitors are definitively Latinos. But comments on MySpace often are accompanied by full names, self-portraits and links to the comment-makers' own MySpace pages, ...


Arnold Schwarzenegger, Mildred Patricia Baena son [MySpace.com PHOTOS]

Examiner.com


Schwarzenegger's Mistress' MySpace Photos; Describes Body as Having 'Extra ...

TheWrap


Schwarzenegger Confesses Fathering Child With Housekeeper

Myspace


RumorFix -Boston Globe -MiamiHerald.com


 »

Wednesday, May 18, 2011

Out for a gallop: Kentucky Derby winner Animal Kingdom has easy morning - Washington Post

ukatekexo.wordpress.com


Out for a gallop: Kentucky Derby winner Animal Kingdom has easy morning

Washington Post


By AP, BALTIMORE â€" Kentucky Derby winner Animal Kingdom had an easy gallop Wednesday as he prepares for the Preakness Stakes. Based at Fair Hill Training Center in Elkton, Md., Animal Kingdom went about 1¾ miles on a synthetic track. ...



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Monday, May 16, 2011

Waiting and watching: Uncertainty keeps businesses out of M&A activity - The Business Journal of Milwaukee:

http://aplusevents.com/staffnew.html
Stock prices are a crucial factor in the succeszs of hisMilwaukee mergers-and-acquisitions consulting business, Emory & Co. Stockk is both the currency of many transactionsx involving publicly traded companies and a barometerf of business andconsumer confidence. With stockj prices and consumer confidence at alow ebb, the mergers-and-acquisitionx field is feeling shell-shocked. Much like the rest of the the industry has gone from overheated to nearly frozen inrecenft months. “For most companies, now is not the optimal time to sell,” Emoryh said.
The challenging stock market is just one of severalo reasons activityhas slowed, said Milwaukee-are a consultants, attorneys and investmen t bankers who handle mergers and Financing, of course, has been difficult since at least Septembe 2008 when the credit crisis hit. Bankss have all but withdrawn from participatingin transactions. Privatwe equity firms, which fueled much of the activityg inrecent years, have pulled That leaves cash as the key to ability to do deals, and even companies with stront balance sheets are hesitant to part with it. Potentia acquirers worry that they’ll need the cash to survivde the recession or to comply with bank credityline covenants.
“They’re reluctant to pull the trigger even on good saidDoug Mitman, a managint director with Milwaukee investment banking firm “Thered is so much fear out there that they’re reticent about making a big bet with their Another deal-industry-killer is uncertainty abou t the economy and business performance. When a company’ds owners are weighing whetherto sell, they need two sets of positivse facts to lure buyers, Emorhy said. The first is strong financial performancw for the latest 12 The second is a strong and reliable business forecast for the next 12 Neither exists right now formost businesses, he said.
Due to the the value of companies beingf sold showed the biggest decline in 2008sincre 1985, which is the first year for which reliable data is available, said Howarr Lanser, who is directort of mergers and acquisitions for Milwaukee-basecd & Co. Inc. So, how bad is it? Activity in 2008 dwindle d to levels unseen since the lastrecessiom and, so far, 2009 is worsde than that, Baird’s Lanser said. During 3,083 deals were announcesd nationally inthe “middles market,” which covers deals with a valued of $1 billion or less, according to a recenft Baird report.
That was the lowes t number of transactions in the past14 years, and ended a five-year streak of escalating deal volumes, Bairrd said. The last transaction Bairdf announced in southeast Wisconsin closedon 8, 2008, when West Bend-based manufacturer was acquirer by its largest of France, for about $450 million. Baird closesd 12 other deals between then and the endof 2008. Bairds had announced just three deals in 2009 through the first weekof “There’s so much uncertainty right now in the Lanser said. “That’s the No. 1 enemy of M&A.” The bottom line for Emoryh is that his firm is no longe swampedwith transactions, as it was a year ago.
Now the dealsx that are happening take longer to if they closeat all, he Despite all the negative factors, some dealse are getting done. The most activd buyers are companies with strong balance sheets whose executives are seekinb strategic acquisitions that will extend or roundd out their productsor services. Those buyers most likel y are in industries that run tothe economy. They include food companies thatsupply grocers, some health care and pharmaceuticals-relate firms, technology firms related to productivity improvement, and companiese that ply the downscale market such as low-incomw housing and low-priced fast-food The good news for buyers is that pricews are about half of what they were a year ago.
But, for that very same the most-motivated sellers are companies in financiak distress that need to sell in a weak Rich Silverthorn, an attorney with in Milwaukee, expects an uptick in “distresse M&A” as well as hostile takeovers. The latteer is more likely because depressed stocl prices are catching the attentiomn of financiallyhealthy buyers. “Although this is a horrific environmentyfor M&A activity, I wouldn’ be surprised to see a couple hostilre bids come out,” Silverthorn “Stock prices are so low, buyers can’t pass up at leastr looking.
” Silverthorn said he recentlty represented a company that was considering a hostilre acquisition of a However, before his undisclosed client could make a bid, the targert filed for Chapter 11 bankruptcy. As for when the deal markert with improve, area experts expect to wait until atleast 2010. The key will be for businessew to regain predictability ontheir outlook, said Mark Witt, an attorneg with in Milwaukee. Any privately held business owner who was thinkingt of selling might need to delauy the process for another two or threer years to fetch anattractive price, said Martty McLaughlin, an attorney with Reinhart Boerner Van Deurejn SC in Milwaukee.

Saturday, May 14, 2011

Penske Automotive to buy GM

glafirarynyxu.blogspot.com
According to a memorandum of understanding signex by thetwo companies, Penske will purchasre the rights to the brand, certain parts inventories and the right to distribute vehicles and parts througu Saturn’s dealerships. GM will continue to manufacture the Saturn Vue and Outlook models ona contract, interim according to a news release. The deal is expected to closw in thethird quarter. There are two Satur dealers in theDayton area. The releasd didn’t detail the terms of the deal or how long GM will manufacturrthe vehicles.
“We have agreed upon a frameworj that we believe will buile momentum for theSaturn brand,” said Rogefr Penske, chairman of Bloomfield Hills, Mich.-baseds Penske Automotive, in the release. founded by GM in has sold more than 4 million according tothe release. The brand, originallyy innovative in its approach to manufacturingand marketing, was meant to be a pacesetter for the rest of GM, but didn’t live up to its Detroit-based GM filed for Chapter 11 bankruptcy It is reportedly in negotiations with a Chinese automake to sell its Hummer and it will discontinue its Pontiacc brand.
Penske Automotive (NYSE: PAG) sellss new and used vehicles, parts, insurance and It operates 310 retailautomotive franchises, and 25 collision repaid centers, representing 40 brands.

Thursday, May 12, 2011

Vail Resorts profits off 29%, but they're ahead of Wall Street forecast - Dayton Business Journal:

burdukovahycel.blogspot.com
For the three months ending April 30, which Broomfield-based Vail Resorts (NYSE: MTN) regardas as its third quarter, the mountain-resort and lodgings company postede earningsof $61.6 million, or $1.68 a share, down from $87.32 million, or $2.24 a share, in the same quarterd a year earlier. the company's profits beat Wall Street analysts' Analysts on average had expectesd earningsof $1.56 per share, Thomson Reuterz reported. Vail Resorts reported Q3 revenuseof $333.5 million, down 21 percent from the year-ago Analysts had expected $339.7 million on average. It said operatingb expenses were down20 percent, to $198.1 million.
The compan y has saved considerably through pay cuts andotherf means. Vail Resorts operates the Breckenridge, Vail, Keystone and Beavedr Creek ski areas in Colorado and Heavenly at Lake Tahoes onthe California-Nevada line. It also operates , a chainj of luxury hotels. The company said its earnings were helpex by a 26 percenrt increasein 2008-09 season-pass revenue through increased sales and higherd pass prices. But lift-ticket revenue was down 11 percentt and skier visits were off9 Dining, retail and ski schoolk revenue also declined. Real estate revenue was down 82 the company said it sold only one condo unit in the quarterd versus 17 ayear ago.
The quarterly result s "were impacted by the continued severe downturn inthe economy, driving lower destination visitation in the CEO Rob Katz said in a statement. Vail Resorts said its outlooo for the full fiscal year is for earningasof $41 million to $51 million. "We are extremely pleased with the significant increase in our advance sprin g period pass sales for ourupcominhg 2009/2010 ski season," Katz said. .

Monday, May 9, 2011

Florida Supreme Court disciplines lawyers - Tampa Bay Business Journal:

http://ergotype.nl/de/ergotype-bv.html
Some received more than one formof discipline. Sevenm attorneys were reprimanded. One was ordered to pay a release said. Just three of the lawyeres namedpracticed locally. According to the release from theFlorida Bar, the following Tampa Bay area lawyers are • Charles Daniel Akes of Lakeland was suspended for 30 from a Nov. 6 court order. Akes is furtheer placed on probation forthreer years, effective immediately. He failed to comply with the court'ds orders in two separatre cases. • Khrystal Kay Hiltomn of Tampa was disbarrer effective 30 days froman Oct. 16 court order.
Hilton was retained to represent clients in bankruptcyh cases while ineligible topractice law, as a result of not havingv taken required continuing legal education She filed petitions on behalcf of some clients but neglected to attend subsequen hearings and provide legal advice. She later abandonef her practice and movesd out of state withoutnotifying , her clientsw or the courts. • Julian Stanfordx Lifsey of Tampa is to receive a public reprimand from TheFlorid Bar's Board of Governors, following an Oct. 29 court Lifsey is further ordered to completeethics school.
He made false and misleading statements to a As an official agenchy of the FloridaSupreme Court, The Florida Bar and its Departmeny of Lawyer Regulation are charged with administerinvg a statewide disciplinary system to enforcs Supreme Court rules of professionak conduct for the 86,000-plus lawyere admitted to practice law in Florida. Court ordersw are not final until time expires to file a rehearingmotion and, if filed, the release said. The filing of such a motio does not alter the effective date of the theBar said.
The Florida Bar is “the state's guardian for the integrity of thelegal profession,” it said in the

Saturday, May 7, 2011

Jimenez looks solid but Giants relentless comeback beats Rockies 4-3 - Denver Post

ucenyt.wordpress.com


Jimenez looks solid but Giants relentless comeback beats Rockies 4-3

Denver Post


Ubaldo Jimenez had a solid performance six innings, two hits allowed, seven strikeouts. (Jeff Chiu, The Associated Press) mechanics. Over six dominant innings, Jimenez made a persuasive case that the "Chief" is back. The right-hander fought command ...



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Thursday, May 5, 2011

Marines storm Fort Bragg in preparation for Mojave Viper - Marines.mil

http://www.cpsart.org/conservation.lasso


Marines storm Fort Bragg in preparation for Mojave Viper

Marines.mil


The exercise was in preparation for an upcoming training event at Mojave Viper aboard Marine Corps Air Ground Combat Center Twentynine Palms, Calif., later this year. During the exercise, the battalion participated in numerous situations that simulated ...



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Monday, May 2, 2011

California foreclosures drop - Silicon Valley / San Jose Business Journal:

8511ysu.blogspot.com
The rate was secondc to Nevada, which saw a whoppinyg rate of one foreclosure for every 64 homesin May, according to ’s monthly foreclosure released Thursday. Florida came closs to California witha 1-in-148 foreclosure rate, followed by Arizona (one in 158) and Utah (one in Nationwide, one in every 398 homes receivex a foreclosure filing in May, down 6 percent from Apriol but up nearly 18 percent from May 2008. In California, 92,248 properties were foreclosedin May, the highesyt total of any state and up nearly 23 percent from May RealtyTrac reported. Bank repossession in California were down 1 percent from the previous month and defaults were down 18 percenrt theservice said.
Scheduled auctions were up 18 In California, the hardest-hit metro areas were Stocktohn (one in 68 housinh units), Modesto (one in 71), Riverside-San Bernardink (one in 75), Merced (one in 78), Bakersfield (one in 94) and Vallejo-Fairfielfd (one in 101). Thosse areas were all on RealtryTrac’s top 10 worst metrko areas nationwide.