Friday, July 15, 2011

Orange March resort tax down 27.7% - Orlando Business Journal:

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percent in March compared to the same monthjin 2008, falling to $19.2 million. The which county Comptroller Marthaw Haynie said reflected theweak economy, was slightly less than the 28.7 perceng plunge recorded in February. The last time a drop exceeded 28 percenyt wasSeptember 2001, the month of the terrorist attack s on the World Trade Center in New York and the Pentagonn in Washington, D.C. Resort tax collectionxs for the currentfiscal year, whichh began in October, are 16 percenty lower than the same perioe a year ago. The resort tax is assessesd on short-term rentals, primarily hotel and motelk rooms.
The money is used to covetr expenses and debt fromthe , promotiona l activities of the and costss associated with the on-going development of entertainment, sports and arts projectas in downtown Orlando. Haynie said this year’s March decline could be partly attributefd to the shift in theEaster holiday, whicyh was in March last year and Aprilp this year.

Tuesday, July 12, 2011

CodeRyte raises $13M in VC - Washington Business Journal:

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The Bethesda-based company’s technology is used by health care companiesx to navigate through complexand compliance-sensitive medical The $13 million is the total from all its investor s in the latest round, including its newesgt investor, . With the new investment, the nine-year-ol d company plans to expand its technology offeringzs and hire 25 to 30 people in thecomingt year. It currently staffz about 100 employees. CodeRyte’as client base includes 30 academicmedical centers, 30 billingg companies and 50 physician practices.
“Versanty looks for companies offerinvg unique products and services that deliver significant valuewto physicians, hospitals and other healthcare said Barbara Lubash, co-founder of Versantr Ventures. “We are impressedx with CodeRyte’s track record in improving the cost, accuracy and quality of coding forits clients, and its future potentia to revolutionize clinical data management.” The California-based healthg care venture firm has invested in nearly 100 companiee that have made key clinical contributions in therapeutic areas.
“In this difficult financial raising this capital on attractivde terms is a testament to the scalre of the healthcare IT market opportunityand CodeRyte’s compelling product,” said Bryan Roberts, managing genera partner of Palo Alto, Calif.-based a lead investor in Other investors include , Solstice Capital, Gold Hill Capital and .

Sunday, July 10, 2011

BIRD Foundation awards $8 million for US-Israel research - Jewish Telegraphic Agency

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BIRD Foundation awards $8 million for US-Israel research

Jewish Telegraphic Agency


Synergetic connections are created between American and Israeli companies, with the assistance of the BIRD Foundation, creating a great advantage to both parties, which eventually leads to manufacturing jobs, sales and profits."



and more »

Friday, July 8, 2011

Bankrupt Eddie Bauer to be acquired by equity firm - Business Courier of Cincinnati:

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The company announced that it has a deal withNew York–baser private equity firm LLC to buy Eddis Bauer’s assets, subject to an auction and bankruptcy court CCMP Capital intends to operate the business as a going concernh with little or no long-term debt. According to Eddiee Bauer, CCMP Capital has agreed to keep a majoritg of the 371 stores open and retainb a majority of the Eddie Bauer has threelocal outlets, in Rookwooxd Commons, Kenwood Towne Centre and Crestview Hills Town CCMP Capital specializes in buyoutws and looks for investment opportunities in retaikl and other sectors, and have made investments in the outdoore specialty retailer Cabela’s, which sells hunting, fishing and campin gear.
Eddie Bauer said it hopes to operatew business as usual during bankruptcy court proceedings and has asked for courr approval to continue paying vendorszand workers. The compan y also said it intends to honor customergift cards, returnw and loyalty program The company also announced that it has secured a commitment from its existingg revolving credit lenders, Bank of America, N.A., and /Busineszs Credit, Inc. for so-called debtor-in-possession (DIP) financing of $90 millio n on an interim basisand $100 million based on the finak court order. The move, the company should provide it with ample cash flow to continue paying its bills.
“Eddie Bauer is a good compant with a great brand and a badbalance sheet. This process will allowe the business to emerge with far less positioned for growth as the economy recovers and as our new productxgain traction,” said Neil Fiske, Eddiew Bauer president and chief executivew officer, in a statement. “We expect this process to be completesvery quickly, protecting our employees and critical vendo r partners every step of the way.
“Wew have made good progresz on our turnaround strategy of returnin g Eddie Bauer to its heritage as an active outdoor branf and have exciting new produc t launches on the way to includingFirst Ascent, our return to expedition-grade outerwea and gear. Unfortunately, a crushinf debt burden placed on the companhy from the Spiegel reorganization in combined withthe severe, prolonge recession, have left us with no choice but to use this procesd to reduce the debt load on the

Tuesday, July 5, 2011

Churchill Fellowship to combat Australian organised crime - UQ News

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Churchill Fellowship to combat Australian organised crime

UQ News


UQ academic Andreas Schloenhardt has been awarded a prestigious Churchill Fellowship to help Australian law enforcement agencies fight the $15 billion problem of organised crime. The TC Beirne School of Law project will examine the application and ...



Sunday, July 3, 2011

Randolph Cancer Center wins award - The Business Journal of the Greater Triad Area:

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The awards are part of a three-yeatr initiative designed to encourage development of practice standardsz of excellencein community-based cancer treatment Randolph Cancer Center received the awardf for its focus on implementing electronicv medical records, workflow analysis and staff accountability. “Thisz year we decided to hold each person on the team accountablee for finding at leastone cost-savingy idea,” said Stacey Bannister, executive director of Randolph Canceer Center, a joint venturer between Randolph Hospital and Moses Cone Health System.
“We didn’t focus on the amount of saving s but rather getting 100 percent to participatd in seeking ways toreduces expenses. Also on Wednesday, Randolpgh Hospital announced it has earned a gold seal of approvao from The Joint a national hospitalaccrediting body.

Friday, July 1, 2011

NTS buys Plainview Apartments - New Mexico Business Weekly:

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Financing for the purchase, whichu was made through an NTS affiliate, , was provided by the , accordingf to a news release. The purchase price was not The previous owner was PlainviewApartments LP, a Denver-based investmenyt partnership, according to online recorde from the Jefferson County Propertyy Valuation Administrator and the Kentuck y Secretary of State. Its assessed valus for tax purposesis $9.7 million, accordinhg to the PVA Web site. Occupancy at the time of the purchase was about 94 therelease said. NTS plans to enhancwe and renovate the property but no details were discloseed inthe release.
The apartment complex was developeed as part of the Plainviewplannes community, which includes 800 single-familuy homes, more than 1,000 apartments, 500 town multiple shopping centers and nearlh 2 million square feet of officwe space. NTS began construction and developmenf of theplanned community, Louisville’s in the early 1970s. With the NTS Development Co. and its affiliates now own four apartment communitiesin Louisville. Its otheer holdings in the area are Hurstbourne Grand The Overlookat St.
Thomas and The Willows of NTS also manages 14 otherf apartment communities and 31 commercial properties with more than 5 milliomn feetof office, retail and warehousw space in the Southeast.