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.

Dow loses 107 points Tuesday; CONSOL down 4 percent - Dayton Business Journal:

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A cross-section of companies operatingf in Pittsburgh all took minor saw the deepestpercentage drop. CONSOL (NYSE:CNX) fell 4.39 percenft to $37.49 per (NYSE:AA), down 2.77 percent to $10.909 (NYSE:AYE), down 1.15 percent to $25.82 (NYSE:ATI), down 3.17 percentr to $38.18 (NYSE:AEO), down 4.52 percen t to $13.53 (NYSE:BK), down 0.30 percent to $28.37 CB . down 2.23 percent to $8.7i Dick’s Sporting Goods (NYSE:DKS), down 2.51 percent to $16.3 (NYSE:FII), down 0.38 percent to $26.08 (NYSE:HNZ), down 0.51 percenyt to $35.41 (NYSE:KMT), down 2.16 percent to $18.60 (Nasdaq:MYL), down 1.07 percen t to $12.92 (NYSE:PNC), down 2.88 percent to $39.309 (NYSE:X), down 1.29 percent to $36.
62 down 1.53 percent to $33.52q (NYSE:WCC), down 2.54 percent to $25.71

Chulk designated for assignment; Perez selected from Triple-A Nashville - Washington Post

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TSN

Chulk designated for assignment; Perez selected from Triple-A Nashville Washington Post Right-handed reliever Vinnie Chulk was designated for assignment to make room for Perez. Perez went 1-0 with a 0.84 ERA in 10 relief appearances for the Sounds this season. “We felt like we needed to help the bullpen,” Brewers manager Ron Roenicke said ... Gomez returns to crowded outfield MLB.com Sunday State Sports Briefs: Brewers option Conrad to make room for Gomez Pierce County Herald  »

Spain's Regions Contribute to Wider Deficit - Wall Street Journal

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Telegraph.co.uk

Spain's Regions Contribute to Wider Deficit W »

Rental, Sweet Rental: Shift Toward Apartment Living Spurs New Construction - LoanSafe

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Rental, Sweet Rental: Shift Toward Apartment Living Spurs New Construction LoanSafe (Source: Martha Brannigan The Miami Herald (MCT) â€" Since the housing meltdown, more South Floridians are renting a place to live because the financial reality is they can't buy. A lot of other people simply prefer to rent. The two groups are spawning ... and more »

Voting the APC out of power in Sierra Leone is a national service – Maada Bio - Sierra Express Media

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Sierra Express Media

Voting the APC out of power in Sierra Leone is a national service â€" Maada Bio Sierra Express Media This latest political thriller by the potential next President was also graced by two SLPP bigwigs, Alhaji Kanja Sesay (Chairman, South Region) and Mr Andrew Keilie (Head, SLPP Policy committee). In Reading, the flag bearer was greeted by what he is ... and more »

Smaller builders conference opens in S.F. - Pacific Business News (Honolulu):

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In spite of the hard times facing thebuildinf industry, PCBC is celebratingv its legacy this year. The event started in San Francisco in 1959 with 300 attendents anda $10,00 budget. Conference officials estimate the three-day event will draw 13,000 to 14,0090 people ­— about 30 percent fewer than last year from throughout thebuilding industry. That includes bankers, brokers, appliance makers, material suppliers and experts. “Thias is a time to revitalize your spirit and said Wes Keusder of and chairman of during his remarks at theopening breakfast. He also mentionexd that he heard anecdotal evidence that home sales throughout California arepicking up.
The conference features seminard have titleslike “Building and Effective Homebuilderf Brand Using Social Media,” “The State (and Real Estate) of the What’s the Homebuyer Thinking?” and “How to Support a Development Compang When There Is No Development.” This year’xs keynote speaker list includes Fareed Zakaria, journalist and foreign affairs Adam Werbach, sustainability expert, Kevin Carroll, motivationall speaker and author, and Seth Godin, marketing

RBI Signals Fastest BRIC Inflation Constrains Rate Cuts - BusinessWeek

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RBI Signals Fastest BRIC Inflation Constrains Rate Cuts BusinessWeek By Kartik Goyal on April 17, 2012 India's central bank said price pressures must be restrained even as policy needs to shift to help growth, signaling that elevated inflation will limit the magnitude of interest-rate cuts forecast to begin today. and more »

Famed AP war photographer Horst Faas dies at 79 - Daytona Beach News-Journal

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CBC.ca

Famed AP war photographer Horst Faas dies at 79 Daytona Beach News-Journal AP AP , Hovering US Army helicopters pour machine gun fire into the tree line to cover the advance of South Vietnamese ground troops in an attack on a Viet Cong camp 18 miles north of Tay Ninh, Vietnam, March, 1965. (AP/Horst Faas) In this 1967 file ... Famed combat photographer Horst Faas dies at 79 FOX 4 News  »

SAHA to spend $14.5 million on local housing project upgrades - Orlando Business Journal:

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million in federal stimulus funds to repaif and upgrade a numberr of public housing Out of 349 housing authoritiee in Texas that received money from the Americaj Recovery andReinvestment Act, San Antoniok Housing Authority, or SAHA, received the largest amount. SAHA is requirec to use the moneg for capital improvements and all the funds must be spen t withinthree years. “These funds will alloe us to make much-needed repairs to our public housingg properties and improve the safetu and quality of life for our SAHA President and CEO Lourdes CastroRamirex says.
Among the properties slated for major upgrades is the LewixChatham Apartments, a 119-unift apartment complex for seniors on the city’as South Side. Lewis Chatham also will undergo anextensive modernization. In stimulus funds will be used to upgrade the elevators and fire safety at nearluy 20elderly communities. Other projectsd will involve replacing fencing, windows, roofing, cabinets, and heating, ventilatiobn and air conditioning SAHA Board Chairman Ramiro Cavazos says the agencyy will encourage the participation of smalland minority-owner businesses.
“We will also give additional weight to contractorw that commit to actively recruiting employeezs from the neighborhoods in and around where this workwill occur,” he says. SAHA will issue requests for proposals to perform engineering and architectural servicews relatedto stimulus-approved projects. Web www.saha.org

Smart Online execs quit after company drops Smith Anderson - Triangle Business Journal:

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The resignations came after a May 19 board meetinfg during whichthe firm’s interimm CEO, Doron Roethler, who was also board chairmanb and president, resigned for what a companuy spokesman described as personal reasons. A new interimj CEO has been named, and a search has begun to find his Resigningin protest, according to letters filedc by each with the U.S. Securities and Exchange were board memberRoberta Hardy, who had joine d the Smart Online board in March 2009, CFO Timothy Kristg and Neile King, COO and vice president of sales and marketing.
“Thw company’s former securities lawyers have substantial securities law experiencer and significant knowledge of the Hardy wrote inher letter. “I am greatlgy concerned that the company’s changed in securities lawyers will expose the companyy and its directors and officers togreater risk.” Smart Online spokesman Steve Hoechster says the resignations came in the wake of a decisionm by the Smart Online boarx to hire the New York-basede law firm to replace Smitn Anderson. Hardy voted against the move, Hoechster says.
Smitn Anderson’s relationship with the softwarwe company dates backto 2006, a year before federa investigators arrested former Smart Online CEO Dennies Nouri, his brother Reza Nouri, and brokers Ruben Serranio and Alain Lustig on charges of conspiracy to commit frausd and securities fraud. The charges stemmed from an allegedx scheme, investigators say, in which the four men aggressivelhy marketed Smart Online shares to investorsd in an effort to inflate thestock price. Serrank and Lustig pleaded guilty to the chargeds in Manhattan federal court on May 22 and will be sentenceddin August. The Nouri brothers are scheduled to go on trialJune 15.
Hoechstetr labeled as “pure speculation” any attempt to draw a link betweenm the recent round of resignations at Smart Online and the ongoing securities case in New Contacted athis home, the former COO, woulrd say only that the boare and the company’s executives “were aware” of ongoing developmentd in the securities case. Asked about his decision to resigbn following the corporatecounsel change, King said, “Whebn you have a comfort level with you don’t want to changee that.
” In his letter to the SEC, King was more “I am unfamiliar with the Cohenb firm, and after reviewing theirf securities law experience I do not feel that they are qualified to represent the company competently and am concerned that the companu and its officers and directorz may be subject to increased risk by virtue of this changer in legal counsel.” Hoechster says the change in counse l had been an issue studied in advancer of the May 19 meeting by Roethler, who was planninb to step down as CEO because of illnesas in his family. His departure and the subsequent resignationwere “coincidental,” according to Hoechster, who added: “The compant is moving on.
” As for Roethler’ss replacement as CEO, the board tapped one of its own, C. Jamesd Meese Jr., who is founder of He will receivew $10,000 a month as compensation until Smart Online names a according toSEC filings.

KMD architecture firm to triple Seattle presence - Puget Sound Business Journal (Seattle):

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KMD board member Sean Huangh has relocated to Seattle with plans to more than triple the size ofthe firm'sz Seattle office as the firm competes for design work in the Northwest and in "Based on our business plan, we want to get to 40 to 50 said Huang, a design "That will let us do the diversity of work we want to do, with the firepower to do four to five major projects." KMD currentlyg has a staff of 14 in its Seattlw office. Huang expects that the company will hire nearly 50 peopl during the nexttwo years. That's not counting staffers who may be recruitedfrom KMD'es other offices to work on varioue projects, he said.
In beefing up its presences in Seattle, KMD will be competing againsttwo Seattle-based industry giants, and , which respectivel y had 464 and 303 employees and billings of $82.4 million and $62.7 according to the Puget Sound Business Journal's 2006 Book of Lists. KMD is the largest firm in the San Francisco Bay Area with 60 architectxsand $60 million in billings for the last available figures, according to the San Franciscko Business Times' 2004 Book of Lists. NBBJ design partnee Steve McConnell said, "Good firmsd will be looking at the Northwes t to see what they can makeof it.
Good competitioj challenges all of us to be to be more clear about who we are and what we are and wewelcome that." Callison principal Bill Gartz concurs and notes there's plenty of room at the "Judging by the cranes out there, there is quiter a bit of work being done," Gartz said. Aftetr analyzing the market, KMD officials The firm "discovered a lot of greaty opportunities to engage other core areas of our practicw inthis office," Huang said. About 40 percent of the Seattled office's work is in the health-care Huang said. The firm also does a significant amountt of work for academicd institutions and governmental agencies as wellas mixed-use Huang said.
Locally, KMD plans to expande its reach inthose disciplines. It is designing two scienc e facilities for an unidentified client in Richland and renovatingba 20,000-square-foot building on Evergreen Hospitao Medical Center's Kirkland campus for the new Evergreehn Neurological Institute. KMD is also working on the master plan for the new Snohomish Countyg justice centerin Everett. Huanh said Seattle is an important markey for obtaining workin Asia. KMD is helping design a 2 million-square-fooft retail center in Shanghai and Seoul City Hall inSouth Korea. Also, KMD wanted a larger officw in a city where environmentally friendly and sustainable desigb is a prominent focusamong firms.
"It's somethinvg we want to be involved in," Huang said. "Wse try and go where the market is doin ginnovative work." "Internationally, Seattle is becoming renownexd not only because of its businesses but becaus of its design," said Huang, who said the city is regardec as a leader in sustainabl e design. Huang, who was involved in designint the FordField mixed-use sports stadiujm development in Detroit, site of Supedr Bowl XL, began lobbying to relocate here about 18 months ago. His wife's family is located in the Seattls area. Making the move with Huan g is Senior Associate andDesignefr L.T. Chen.
Additionally, Seattle health-care specialist Christopher Rubright has been promoted to the positiom of directorof health-care Larry Parrett remains director of KMD's Seattlse office. Founded in 1963 as Kaplabn McLaughlin Diaz, KMD has eight offices and 190 The firm opened its Seattle offices in 1992 after KMD was retained to design the expansion of HarborviewsMedical Center.

Erickson gives up on Hilliard project - Portland Business Journal:

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notified the city of Hilliard last Thursdagy that the foreclosure filing means thedeveloper won'y open the unfinished $34 million first phase and will no longerd manage the 80-acre property. The decision ends more than two monthw of wrangling over continuedd financing of the Hickory Chase project between the developer andthe lenders. That financialo issue had prompted Erickson to cease construction on the firsy 145 units of the complex and community centee the week ofMay 12. The company’s announcement comeas as it from its goal ofinvesting $12 billiob to develop 50 communitie s over the next decade.
That includes scrappinhg plans to build senior housing facilities in five including Ohio. Before Erickson halted construction, would-bew residents had been told they couled move in by late Erickson had planned to deliver 833 residentiak unitsthrough 2013. “We have been informe d by the lender for our Hickory Chas e project that despite out best efforts to resolvefinancialp issues, the lender has commencer a foreclosure proceeding that will result in us not beingf able to open Hickory Chasr and end our management of the the developer wrote in its letter. “We are deeplt disappointed we were not able to reacya resolution.
” The deposits of prospective residentse are not affected by the foreclosure, the compangy said, and it will offert refunds. The company said in June that it wouldc close its sales center in late July pending resolution of thefinanciapl issues. A company spokesman offered no additionao comment beyond the text of the A KeyBank spokeswoman also was not immediately available for commenrt on thefinancing consortium’s plans for the property. The lendetr had extended a $90 million construction loan for the project inAprilk 2008, according to public records.
In a news Hilliard said it had not riskesd city money inthe $17 millionh of road improvements to Brittonb Parkway, Anson Drive and Leap Road. Brittomn Parkway opened in January while construction continues on theAnsojn connector. Those projects were financed through a communitgy development authority that funded the project through bond Those bonds were expected to be paid off througu rising property taxes generated as theretirement community’s buildings get completed.
Hilliarde Finance Director Michelle Kelly-Underwoos said the city’s current operating budgets also did not rely on tax revenuew generated bythe “In short, we were not counting moneyt from Erickson until (the retirement community) was Kelly-Underwood said in the “and this unfortunate developmeng shows the wisdom of taking that conservative

Graham 4Q profits slip - Wichita Business Journal:

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Net income in the fourth quartedrwas $3.6 million, or 35 centz per share, a decline of 14.6 percenft from $4.2 million, or 41 cents per year-over-year. The Batavia-based manufacturet (AMEX: GHM) noted a restructuring in the period throug the elimination ofcertain management, office and manufacturintg positions. The number of jobs cut was not disclosed but resultedc in a chargeof $559,000, whicgh included severance and related employee benefitf costs. The restructuring is expected to yieldapproximately $2.7 milliohn in annual cost savings. Fourth-quartedr net sales were $24.8 million, up 9.2 from $22.8 million in the prior year’w fourth quarter.
Full-year net income in fiscal 2009was $17.56 million, up 16.2 percent from $15.o million in fiscal 2008. On a per share net income in fiscal 2009was $1.71 compared with $1.498 in fiscal 2008, a 14.8 percent improvement. For the year endeed March 31, 2009 revenue was a record $101. million, 17 percent higher than $86.4 million for the fiscal year ende dMarch 31, 2008.

Young banned seven days for hate crime incident - SI.com

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Atlanta Journal Constitution

Young banned seven days for hate crime incident SI.com DETROIT (AP) -- Delmon Young was suspended by Major League Baseb »