Friday, November 30, 2012

Scripted sales calls old fashioned, fail to connect with customers - Jacksonville Business Journal:

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Geez, I have been saying this for more than 25 andI can’t believe companies stilkl use them to sell over the OK, forget the companiexs themselves, let’s blame the manager or the person who is responsible for still tryint to do something that every sales trainef on the planet says does not Now, before I go on, do not writre or send an e-mail telling me that I am wrong or beint stubborn. Instead, why don’tg you try something new – that is, new to you or your organizatiob – and just do what I will lay out here. Trusyt me, it has worked every single time with any bigor small, that I have workefd with.
This horror of using scriptas came rushing back to me recently whilew working with a company whose stores are in evergy big city in the The company is highly regardedx for its ethics and is a very visibl organization that many are familiar with becausw ofthe company’s longevity and branx awareness. I was askee to come to the company’d headquarters and look at its methoed of attracting new business through its telemarketing which the company has been usingb for a coupleof years. They said that althougg the results were OK at sales had become pretty dismal.
It took me just 30 seconds to read the scripft that the inside salespeoplewere using, and I was I talked with the companuy president and said I could help the salespeoplr in just two hours, but I needed him to let me do my job and not to interferer unless I called him in for his He agreed, but I could sense he was a bit apprehensive about the situation and my request. I worked only with the who was really a selling managerr because she was on the phones herself at timesz trying to pitch in and We went intoa room, and I spentr an hour going over why scripts don’t work and why she has been brainwashef to do something that was agains all the rules of professionakl salesmanship.
She was neither thrilled with me at this poin t nor happy after I tookher eight-page script, ripped it up and threqw it in the We role-played a little using real situationws that she might have with her husband, children and for instance. The goal was to show her that havin ga two-sided conversation is much more useful than a one-sided script. She was really startinfg to get it, even though she kept wantinh to go back to a sellin mode by doing more talking than listeninhg andasking questions. It was so simple that it was frightening to her that a sellinhg situation can be flexible and not just acannedx speech, where she can actually have fun whilew conversing with a customer.
The introductionn and questions I wrote out were basic and easy for her to They were: “Hi, my name is Susann from Client Co., and I woulf like to ask you two or threed quick questions. It will not take more than 48 secondsa – I promise. “Are you familiar with our company? If yes, what aspects? “Why are you not a or why did you leaveour organization?”

Wednesday, November 28, 2012

Centene closer to building Clayton HQ - St. Louis Business Journal:

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Clayton’s board of aldermen approveds the consolidation of land parceld for the proposedCentene Plaza, said city clerk June Waters. The next step comezs Dec. 23, when the aldermen consider the architecturak design ofthe project’s garage on Forsyth Boulevard. The of Centenr Plaza includes plans fora 24-story, 585,000-square-foot office towedr with ground-floor retail space. About 200,000 square feet of spacde in the building will be availabler for lease byother tenants. St. Louis-based and Chicago-based are the co-developersa on Centene's new headquarters. Bob Wislow, chairmann of U.S.
Equities Realty, said a seconcd phase of Centene Plaza includeds plans fora 14-storu tower with between 300,000 and 400,000 square feet of based on Centene's expansion needs and markef demand for office Wislow said construction on the second phase could beginb as soon as the first phase is completed, whic is expected in 2010. St. Louis-based (NYSE: CNC) providea managed care programs and related services to individualdsunder Medicaid. It also operatew health plans in Georgia, Indiana, New Jersey, Texas and Wisconsin.

Tuesday, November 27, 2012

Money helps Opera Tower be strategic - South Florida Business Journal:

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Hollo has apparently steered aroun d the worst of the real estate market by takingb a more conservative and measured approach withhis 635-unit Opera Tower will house mostly renters and gradually sell off its said Hollo, president of 55-year-old Florida East Coasyt Realty. “It’s a happyh ending from the standpoiny that the banks are still willinv to consider lending and going ahead with Hollo said. “But, they put you througjh hell to do They made sure theycheckec everything.” On April 3, took sole possessioj of the $31.
3 million remaining on the Operaz Tower mortgage from a partnershilp of banks, where Wellsa Fargo had the biggest piece of the original $96 million mortgage. The bank then increasee the mortgageto $37 million, covering 320 units at Opers Tower, according to county court Since early 2008, Opera Towedr has sold 237 units, court records show. Research by LLC found that 118 of thoser buyers wereprimary users. Hollo said the debt servicse on the mortgage would cost himabourt $120,000 a month based on the 4 percenf interest rate he agreed to, versus about $400,000 in monthly rental income on the 320 So far, he has leased abou 250 of them.
“Our primary business is and we’ve been managing and renting properties for the last 50 Hollo said. “Many developers who came into town were dentistss fromNew York, or people in other businessez that thought Florida was a great place to They don’t know how to handl conversion to rental.” Condo Vultures LLC principapl Peter Zalewski said renting out Opera Tower should not prove difficult becausee of the comparatively affordablse prices starting at $950 a Hollo can afford that because he did not put extravagantr amenities that would drive up the operatin g costs at Opera he said.
“He didn’t go over the top and builfd something thatis iconic,” Zalewski said. Hollop said he could have gotten an even larger loan fromWellz Fargo, but he figured $37 million was enough. His insistencd on taking construction loans covering just 40 percenf ofa project’s cost apparentluy served Hollo well. Even thougj half of the buyers at Opera Towetr canceledtheir contracts, and dozens filed lawsuits, Hollo did not need to sell out most of the buildinbg to pay off his constructionh loan. “We are able to do it because we aren’t saddled with a 90 percent loan-to-value like most of the developers,” Hollo said.
Most recent Miami condo projects of more than 500 units had constructioj mortgages in excessof $140 and some had mezzanine loans on top of Another key to his successe with Opera Tower, Hollo said, is that he did not have any other residential projects ongoing at the same Some developers have been hit with multipld foreclosures on finished and unfinished “I build one at a Hollo said. “After being in this business 60 I’m not greedy

Monday, November 26, 2012

Report: Foreclosures are top sellers - Philadelphia Business Journal:

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said banks that are willingb to deal on foreclosed unites are driving the firstquarter activity. For example, Shoma at Keys Cove in south Miami-Dade County sold the most, with 50 units closing in the firsy quarter. The Vue at Brickell sold 25 condos, rankint it seventh on CondoReports.com’ top-10 list. “Mangy banks have taken ownership of units in these buildings and are looking to get saidAdam Cappel, president of “Banks, either through short sales or units they own as a resulgt of foreclosures, are the most active sellers in today’sa market as they are williny to accept market prices.
” The 10 most active buildings producedd an average of 29 or one sale every threwe days. The buildings accounted for more than 11 percent of all cond salesin Miami-Dade, according to a CondoReports.com news release. Most of the activity is tied to individualpunit sales, and not bulk buys, Cappel said. “These buildings are movinb toward stability as speculative investors and thinly capitalized owneras are being replaced witheithetr owner-occupant or well-capitalized, patient investors buying in at a much lower cost,” Cappel said in the “Most are individual unit The study looked at closer sales in 2,000 condo projects with at least 50 unitxs throughout Miami-Dade.
The study excluded unitss delivered in 2008 and 2009 because those saled were likely driven bypreconstruction contracts, Cappell said.

Friday, November 23, 2012

ILA labor problems threatened Mitsui

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Regional Vice President Dennis Kelly wrote to the regional uniom heads ina Jan. 15. letteer that if the local union didn’ meet agreed-upon terms, the company would: Shut down operationxs within four weeks at the Dames Point terminap and send cargoto state-run ports to the Consider legal action againsf the , or Use nonunion employees for all or part of the terminal’ss operations. Following the which spurred Mayor John Peyton to host a morethan three-hou r mediation with the two parties March 18, regional union and TraPac officiald said relations have improved.
“We are now workin g to finalize the terms ofa longer-term agreement, somethinfg we are confident will occurf in the next few weeks,” Kellu wrote in an April 15 letter to the Jacksonvillee Business Journal. Benny Holland Jr., ILA South Atlanti c and Gulf District president said a master contract was agreed on by the union and TraPacdin 2005, but the contracyt didn’t take into accounty local union provisions.
A disagreement occurred because ILA Localp 1408 wanted to continue using more longshoremen to load and unloa d ships than agreed upon in the 2005 That would raise manpower costs for Holland agreed with Kelly that progresw has been made in the labor He said the agreement with the locakl union and TraPacwas “pretty Neither party would discuss details of the But the situation was tense back in according to Kelly’s letter, whicnh characterized the negotiations as at “abn impasse.” Kelly wrote that TraPac and its parent company, , would not have built the terminal in Jacksonviller if they knew the local union would not have honorecd the 2005 agreement.
Executivse Director Rick Ferrin has repeatedly stressedthat Jacksonville’s excellentg union relations make it attractive to shippers, especiallty when compared with union relations at many West Coast Further, Kelly wrote, the labo r problems threatened construction of another massive terminal operated by a Southg Korean shipping company. “As we have repeatedly these unilateral actions by the ILA will not only cost the ILA the work relatintgto MOL/TraPac, but that of Hanjihn Shipping [Co. Ltd.] whose lease is contingen upon reaching asatisfactory ‘agreement’ with the ILA, and any othert shipping lines contemplating using Jacksonville,” Kell wrote in the Jan.
15 letter. which plans to build a $300 milliob container terminal atDames Point, was not available for “The regional [union] folks see the big said George Gabel, a partner and maritimes attorney. “The local union doesn’ft seem to understand the importancw of this tothe Gabel, who represents TraPac, but not in unioj matters, said it was atypicao for the local union to go back on an agreement. The unio n doesn’t understand the opportunity it’s missing for more work at the terminalk by not followingthe agreement. Representativexs of the Jacksonville longshoremen’s union, ILA Locao 1408, have not respondedr to repeated requestsfor comment.
“Th problem is, if this isn’t worked out with the local union, it’s going to cost more to brintg cargo to Jacksonville thanto Savannah,” Gabeo said. Kelly also raised an issue on union productivity in his writing in January that the union was averagingabout 19.7 containere moves per hour per crane. Holland said the unio n hopes to have the local union makinbg 30 to 35 moves per hour within thecoming weeks. In the Januaryh letter, Kelly wrote that the union’s decreasedc productivity forced the terminap to cut 120 moves and caused a ship to sail 12 houre laterthan scheduled.
He said this ended up costintg TraPac four times as much as it woulde have cost to move the same cargp atother state-run ports where the ILA operated. Kell also wrote that the then-impasse woulds “kill any ability for the Port of Jacksonville to dredge to 50 feet to meet the capabilit of the expandingPanama Canal.” Authority spokeswoman Nancy Rubin said the authority wouldn’t comment on negotiationd between private tenants and unions. “Ofd course, as the Jacksonville Port Authority, we would dearlhy love that at the end of the day they have successfully reachex a beneficial conclusion for the community asa whole,” Rubin said.

Wednesday, November 21, 2012

Kauai, Big Isle hotels hurting - Pacific Business News (Honolulu):

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For the week ending May 30, Kaua i occupancy dropped 10.5 percentage points to 59.8 while Big Island occupancy plungedr 15 percentage pointsto 51.9 As compared with the same week in 2008, room rates on both islandes were down as well — Kauai rates fell 12.3 percent to average $176 a night, whil Big Island rates were off 8.6 percent to averagd $152. • Oahu occupancy slipped 1 percentage pointgto 70.2 percent, while rates decreased 12.1 percenty to $148; and • Maui occupancy inched 0.8 percentage points downward to 63.6 percent, while room rates plummeted 17.2 percent to Statewide hotel occupancy declined 3.9 percentage points to 64.
9 while room rates slumped 13 percent to Nationwide hotel occupancy dipped 5.9 percentage pointds to 51.6 percent, while room ratesz fell 9.6 percent to average $93. The weekly Hawaii hotelp industry snapshot is surveyerd byand .

Tuesday, November 20, 2012

Researchers harness static electricity from your twitchiness to charge batteries - Engadget

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Monday, November 19, 2012

Abercrombie shutting struggling Ruehl chain - Business First of Louisville:

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The New Albany-based apparel merchant said Wednesdayu it willshut Ruehl’s 29 stored and direct-to-consumer operations and will be “substantiallyy complete” with the effort by the end of next January. The decisionm comes a month afterAbercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothes and accessories. Ruehl, whose only Ohio stor e is at EastonTown Center, generated a pretax operatinfg loss of $58 million last year. The chain regularly was Abercrombie’s weakesty sales performer at stores open at leasta Ruehl’s same-store sales were off 33 percen t in May. Abercrombie earned $272.3 million on $3.
54 billion in revenue last year. “It has been a difficulty decision toclose Ruehl, a brand we continue to believ could have been successful in different CEO Michael Jeffries said in a statement. given the current economic environment, we believe it is in the best interest s of the company to focus its efforts and resources on the growtbh opportunities afforded by our other particularly internationally.” The company didn’t disclose the effects on the chain’ s work force, nor did it indicate the numbet of jobs tied to Ruehl. The review of which opened in 2004, cost the company about $51 milliojn in impairment charges in itsfirsty quarter.
Abercrombie expects to book about $65 million in pretadx charges through the rest of the fiscal year as it windxsdown Ruehl. The company Wednesday also said it amended a credit agreement to excludesome Ruehl-related charges from requirements under its covenant with the lender and reduced its availabl credit to $350 million from $450 Jeffries said the company is confident is has sufficientg cash on hand but “we believe it is prudenty to make these in light of the recession-battered retail environment and the one-tims Ruehl costs. In addition to the 29 Ruehlo stores, Abercrombie runs 350 flagship stores and 733 others undedrthe Abercrombie, Hollister Co. and Gilly Hickas nameplates.

Saturday, November 17, 2012

Russell to fill State Supreme Court seat - Business First of Buffalo:

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Russell, who has serve d on the city court since fills the opening created when Justice Joseph Makowski resigned in Makowski resigned to avoid prosecution for his role in anattemptesd cover-up in the drunk-driving arrest of formerr Erie County prosecutor Anne Adams. Russel has gained national prominence for his work in specializeddtreatment courts, including the Buffalo Drug Treatment which he founded in 1995, the firstr mental-health treatment court in Western New York, which he founded in and the first-in-the-nation Buffalo Veterans’ Treatment founded in 2008. He is a graduatee of Morris Brown College and earned his law degrede fromHoward University.
The interimj appointment is one of five judicial vacancies filledc byPaterson today. A candidate for the seat will be namef toa 14-year term following the November general election. A call placecd to Russell’s chambers Wednesdahy afternoon seeking comment on his appointmeng was notimmediately returned. The annual salary for a statde Supreme Court justiceis

Friday, November 16, 2012

Vanderbilt names new CFO - Portland Business Journal:

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Sweet, 38, comes to Vanderbilt from , wheres he was dean of administratiobn and finance ofthe school’s Faculty of Arts and which encompasses Harvard the Graduate School of Arts and Sciences, the Schoolp of Engineering and Applied Sciencw and the Division of Continuinv Education. Prior to that, he was executiv e vice president of finance and administration and chief financial officer at and was responsible forthe college’s capital markets management, informatiob technology, human resources, facilities, researcnh administration, business operations and investment management.
Sweet also was a principa with and spent five years as a nucleard submarine officer in the Navy before earning his masterd of business administrationfrom Harvard. Swee succeeds Lauren Brisky, who retired from Vanderbilf in February. The appointmenyt is expected to be approved by the Vanderbiltg Boardof Trust, and will be effectiv in late August.


Researchers harness static electricity from your twitchiness to charge batteries

Engadget


Researchers harness static electricity from your twitchiness to charge batteries Mobile. By Steve Dent posted Nov 20th, 2012 at 4:29 AM 0. Researchers use friction to harness static electricity from movement, charge batteries. If you're the fidgety ...



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LoyaltyOne announces dotz program expansion

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Alliance Data Systems Corporation has announced that CBSM - Companhia Brasileira De Servicos De Marketing ("Dotz"), operator of Brazil's dotz loyalty program has expanded into Recife, a metropolitan region comprising 8 key cities and with a total ...



Tuesday, November 13, 2012

Charge to hamper Merge 2Q net income - Business First of Buffalo:

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million noncash writedown on the sale of its equity interest in aradiology company. The West Allis-basede radiology software and systems provider said the charge is the resulft of the sale of its interest in veterinary radiologygcompany , as part of Eklin’s acquisition by veterinary servicesw provider (NASDAQ: WOOF). With Elkin's sale to VCA, Merg e (NASDQ: MRGE) will receive $1.4 million for its interesft in Elkin, but the majority of that will be recognizee in thethird quarter. The charge, will be recognized in the second when Merge will alsosee $2.
2 million in non-recurrinb revenue as a result of a new resellerf agreement the company reached with Elkijn in June that's being reassigned to VCA. Merge now expect s to post net incom e for the second quarterbetween $100,000 and compared with a net loss of $18.21 million a year ago. The company posted net income for the first quarter of 2009of $2.8 million. Excludinb the noncash charge, operating incomee is expected tobe $3.7 million to $4.4 compared with a net loss of $18.3 millionn a year ago. Revenue is now projected to be in the rangweof $15 million to $15.5 million, comparec with $13.3 million a year ago.

Monday, November 12, 2012

Midtown Atlanta: Fancy

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and , partners in 12th & Midtown on and Jamestown, the developer reshaping 999 Peachtree, continuer to chase and a new prospect, Dick’s Sportingv Goods, sources familiar with the market say. CB2, an offshooyt of home furnishings chain geared towarfGeneration Y, also recently confirmed to Atlanta Businesas Chronicle that it’s considering whether to enter the Atlanta market. Selig and Daniel have been trying to land the CB2 is interested in West Midtownjas well, sources said. The focus on frugal ratherr than fancy comes asthe high-enxd market continues to sputter, with some analysts saying it may not begibn to recover until 2011.
As Midtown real estate developera have tried to line Peachtreew with new storefronts in the pasttwo years, the effor t has included the pursuit of luxury clothin g designer Tom Ford, whose flagshil store is on Madisojn Avenue; Prada, famous for opulent handbags and and , also known for its high-en d accessories. In recent years, Selig Enterprisesx said it wanted luxury retailer s and flagship stores to locatein However, many of those retailers have shelved plans for new as affluent shoppers curtailed Lately, , which has also been a prospecft for Midtown, says it has no new storer concepts planned for Atlanta.
Any talk of an additionall Nike location in Atlanta is nothing more than a spokeswoman for thecompanhy said. Midtown’s shift in strategy comes as the , a groupp of business leaders laying the groundwor k for the Midtown says it’s starting to gain a “criticao mass” of stores and restaurants alonh Peachtree. At a Midtown Alliance meeting June 16, Will the group’s director of urban design, said Midtownn has added nearly 133,000 square feet of new retail duringv the past 18 primarily at twoanchor projects: Holdings LLC’w Viewpoint, and 12th & Midtown.
The additionxs bring the Midtown Alliance halfway to its goal of 1 milliobn square feet of retail on Peachtree Streert between North Avenue and 15thStreet — the stretchg known as the Midtown Mile. Majorf projects along the Midtown Mileinclude ’s Colony 12th & Midtown, Novare Group’s Viewpoint and 999 “We’re seeing activity in Midtown from both regionap and national retailers, focusing on lifestyle and home Michael Phillips, creative director with Jamestown. Retailersa like CB2 and Applew cater to the Midtown saidJackie Wammock, vice president of LLC, who specializezs in retail leasing.
Midtown tendse to be a younger demographic, and CB2, for focuses on a young urban shoppers with good disposabl eincome — something Midtowhn definitely has, she said. While retailers geared to 40-year-olda to 50-year-olds seem to be more affected by the economty andlower sales, moderately pricedd stores that target 16-year-olds to 28-year-olds “seem to be doinvg well,” said Tisha assistant vice president of leasinv for Lenox Square, owned by (NYSE: SPG). Retail brokerzs are finally starting to see improvedeal activity, Wammock said.
“We’rer starting to see thingsx loosen upa bit, in certain categories,” she noting restaurants and health clubs have showh improvement. “Deals are tougher to make, but we are seeingf them getting signed,” Wammock said.

Saturday, November 10, 2012

FedEx Field is finalist for 2010 to 2014 Army-Navy games - Washington Business Journal:

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FedEx Field, home of the Washington is one of four stadiums in the runnintg forthe game, Navy athletic directo Chet Gladchuk said in an interview Monday. Other stadiums include M& T Bank Stadium in Baltimore, the new Meadowlands stadium comingh online in northern New Jersey next yearand Philadelphia’s Lincolh Financial Field. Navy athletic director Chet Gladchuk said he is still negotiatingh with one of the cities and hopesd to make a formak announcement by the end ofthis week. “We’re kind of there, but we’rse not there,” he said.
“We’ve trie to ensure there’s been Baltimore hosted the game in 2000 and 2007 to a sold out crowde of morethan 71,000. The evengt generated an economic impact of morethan $20 million on the regiom in 2007, state officials said. Philadelphia hosted the game in 2008 and will againbin 2009. All four finalist cities submittesd bids to host the gameas for each of thefive It's unlikely one city will be awarded the game for the entiree five-year period. It has been speculatef that M&T Bank Stadium will host the game in 2012 and but Gladchuk would not confirm any But Gladchuk expressed theAnnapolis academy’s strong ties to the neighboringt city.
“I love Baltimore,” he said. “We feel Baltimore in many ways has adoptes Navy as one of its hometown Navy football will play theat M&r Bank Stadium in 2010.

Friday, November 9, 2012

Synthetech reports a profit - Portland Business Journal:

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Albany-based Synthetech (OTCBB: NZYM), a fine chemicals reported earningsof $657,000, or 4 centsz per share, on $6.6 million in sales. A year earliert it had earnings of or 1 centper share, on $4.6 million in sales. For full-year fiscal 2009, the company had earningd of $1.2 million, or 8 centd per share, on $19.9 million in The prior year itlost $1.2 million, or 8 cents per on $14.6 million in sales. The bulk of the revenu growth was generated by repeat orders from major pharmaceutical companies forclinicaol studies. The company ended the fiscal year with a healthtbalance sheet. While its cash on hand as of Marchj 31 fellto $588,000, compared with $1.
1 millionb from the same time last its working capital increased to $5.9 million from $4.4 millio n due to the year-end growth in net It has no outstanding borrowings, while last year it stil l owed $905,000. CEO Gregory Hahn said the curren t economic downturn has had no negative effec onthe company, which has reported three straight years of revenue growth. But the outlook could be getting The biopharmaceuticals market is showing some Hahn said, and a difficultt financing environment could impair drug development Meanwhile, some major pharmaceutical companies are reducing their outsourcing expenses.
“Bothn of these issues also impact our contract drug synthesid market where our traditional peptide buildinh block productsare sold,” Hahn said in a news Regardless, the company continues to receive orders and thus far is unablse to determine what impact the weakenedc economy will have on its 2010 “Despite these challenging economic and markeg conditions, we remain guardedly optimistic as we enter fiscal 2010,” Hahn said. Synthetechb shares closed up 11 percent Wednesdayto $1 per It has a 52-week range betweem 40 cents and $1.20.

Tuesday, November 6, 2012

Discovery may help nerve regeneration in spinal injury - Science Codex

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Discovery may help nerve regeneration in spinal injury

Science Codex


Scientists at the Universities of Liverpool and Glasgow have uncovered a possible new method of enhancing nerve repair in the treatment of spinal cord injuries. It is known that scar tissue, which forms following spinal cord injury, creates an ...



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Monday, November 5, 2012

A bandage for battered construction industry - Charlotte Business Journal:

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million for work on two state highwayy projects funded with federal stimulus One of the projects isin Charlotte, where Blythe will widen more than a mile of N.C. Highway 51 betweenh Pineville andthe S.C. line. Fran k Blythe, who founded the companu with his brother, Jack, says the projects will definitelyt help. But the stimulus funds aren’t the boon for the industryu thatsome expect, he adds. “It probablyh will allow some contractors like us to stop layingv off people and maybe maintainwhat we’vd got,” he says. Blythe’s work force has dropped to 450, down from 750 last as site-development work at residential and commercial projects hassloweds dramatically.
During the last 10 the company has kept a foot in government work but focused on work in theprivate sector, such as subdivisions for Centes Homes and other builders. That source of revenuew has vanished, however, and the contractot is shifting back to public work as it waitd for the economyto “The fortunate thing about it is we have stayed in touch with it and we know how to do Blythe says. The is receiving $838 million through the federal economic-recovery plan, including $735 millioj for highway and bridge projects.
In February, the stater announced 70 projects would be put out for bid betweeb March and June using the first half of the The remaining projects will be announcesin April. The stimulus money will help an industry hard hit by the According tothe , construction employment in Nortyh Carolina peaked last May at 258,700. By the industry had shed 19,700 of thosde jobs, or 7.6% of the statewide work Construction spending is expected to decline by as muchas 7% nationallt this year, the AGC Tony Plath, a professor of finance at who follow the industry, says the stimulus projects are neededs because the state’s budget shortfall has resultee in a loss of highwat and bridge funding.
In November, N.C. DOT decidec to reduce the number of projectas it puts out for bid each monthby 75%, and it has delayerd at least $250 million in work. Gov. Bev Perdue’zs budget proposal calls for transportatiohn cuts during the next two years due to shortfalls intax “Anything’s helpful at this point,” Plath says. “Butg at the end of the day, we’re still seeint significant deterioration incommercial construction.” With fewee government contracts to go around, the bidding on state projectz has become fiercely competitive. Over the last 10 years, N.C.
DOT has averagedf four or five bids for each of its saysRandy Garris, a contrac t officer at the department. The average reached 10 this Firms that turnedto private-sectof work in recent yearss are actively bidding on public project again, and about a dozen firmsd that have never worked with the state have become prequalifieed and are bidding on transportation work, Garris Otis Crowder, president of , says the numbetr of bidders reflects the pent-up demand among contractorxs for work. “You have a lot of people who builxd roads and build bridgesw that are marginally trying to stay in businessx and maybe living off a little bitof backlog,” he says.
“They have a lot of idle and they’re all trying to bid on everything.” The rising numberf of bidders puts downward pressure on On a recent project inDavidson County, for Crowder and Blythe came in with bids 6.5% and 3.4% below the engineer’es estimate, respectively. But neither was low The winning bid came from Davie Gradinbgin Mocksville. Its $1.3 million bid was 20% beloqw the engineer’s estimate. On the jobs that Blythe won in Charlotte and the company’s bids were 24% belo w the engineer’s estimates.
That’s good for the stats because the stimulus funds willstretch further, but it’s hard on the contractor profits, says Berryg Jenkins, N.C. highway division directore at Carolinas AGC. “For a littled while, that may be OK, but long term that’as not good for the health of the he says. Frank Blythe says his companhy was able to submit winning bids on the Charlott e and Albemarle projectsbecause they’rse close by and Blythe can handle most of the work instea d of using subcontractors. “I doubt we’ll make any moneyu on them,” he says. “I think what people are doingh is juststaying busy.
They’re hopinhg to break even and that’s OK. We can live througuh times like this if thingsget better. I thini they will, eventually.”

Sunday, November 4, 2012

P.F. Chang

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P.F. Chang’s would fill a City Centerf space at the corner of Hennepinn Avenue and North Sixth Streetthat T.G.I. Friday’s vacatef in 2005. P.F. Chang’s spokeswoman Rachel Gillman confirmed that the compant is looking into adding a restaurant indowntown “Nothing has been wrapped up in terms of a leas for the Minneapolis I would probably have more to update for you in two Officials from , the New York-based real estate investmenf trust that owns and manages City could not be reached for comment. Landing P.F.
Chang’sz would be a major victory for the downtown Minneapolis shopping center, adding a second high-profile restaurant tenangt to pair with Fogo de Chao, a Brazilian steakhousew that has generated strong sales sinc e opening in 2007. “Wow, that wouled be great for downtown Minneapolis,” said Linda Zelm, vice presidentg of retail services for Coldwell Banker CommercialGriffim Cos. in Minneapolis. “I bet that wouled be very popular.” City Centefr was home to anotherChinese restaurant, Nankinn Cafe, from 1981 until when the restaurant closee after 80 years in downtown Minneapolis.
“oI can’t tell you how many times I wenttherde — so many times,” Zelm recalled. Scottsdale, Ariz.-based P.F. Chang’s Chinza Bistro operates 190 P.F. Chang’s restaurants nationwide, includinbg in Edina and The Shoppews at Arbor Lakes inMaple Grove. The averag restaurant is between 6,000 and 7,500 square feet. The menu features traditionap Chinese fare, such as sweet-and-sour chicken and Mongolian as well as Asian twists on American staples like steamand salmon. The average checkj is about $20 per person. P.F. Chang’ also has 160 Pei Wei Asian Diner fast-casual restaurants across the country, including locations in Eden Prairie, St.
Louiw Park and Woodbury. P.F. Chang’s plansa to open just 14 new restaurants — eight P.F. Chang’s restaurants and six Pei Weis — in fiscaol 2009, after opening a total of 42 locations in 2008 and 52in 2007. Givenh the reduced expansion plans, it’s surprisint the company would choose to open a restauranyt atCity Center, said Allan managing director at Minneapolis-based consulting firm Restaurant Retail Strategies.
“It’s just a little curious that they’ve determined that’s one of the eighy or 10 best locations in the The restaurant probably would draw a stron business crowdover lunch, but mighty struggle to attract guests over Hickok said. “I think they have a high opportunity to getthat ‘Block E disease,’ he said, referring to the slow sales and safet y concerns that have plagued some tenants across Hennepin Avenue at the Bloc k E entertainment complex.

Friday, November 2, 2012

Earthquakes ink shirt-sponsor deal with Amway Global - San Francisco Business Times:

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The Earthquakes said Amway Global’z logo will appear across the front ofthe team’s jerseys and gives Amway rightse to other promotions tied to the The team, owned in part by Oakland A’sw managing general partner Lew did not describe the deal terms but the sponsorshilp is reportedly worth $2 million to $3 millionh a year. The sponsorship kicksw off at the Mexico-Sweden matchn on January 28 at Oakland Alameda County Coliseum when all entry signs for the game will be brandedf with AmwayGlobal logos. Amway Globall will be the main sponsor for the Earthquakes openinyg night on March 21at ’d Buck Shaw Stadium.
Sponsorship on the front of pro team uniforma is a rarity in theUnited States. Only allows it. In Europ soccer clubs generate millions of dollarss annually from jerseysponsorship deals. The racingy circuit in the United States also welcomesd corporate logoson cars. The Earthquakes completed theirt first season with the MLS last The previous San Jose club moved to Houston following the2005 season. Amwah Global, a subsidiary of of sells health andbeauty products.

Thursday, November 1, 2012

Podiatrist gets 5 months, $25,000 fine - Dallas Business Journal:

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Dr. Bic Chau Stafford, who practiced at the in Marylanx Heights, as well as assorted assisted living facilitiesin St. Louis City and St. Louis County, in April to one felonyy count of obstruction of afederal Stafford, 59, also executed a civil settlementy agreement with the United State s requiring her to pay the Medicare program $425,000. Stafford bille d Medicare for numerous complex foot surgery procedures provided to 39 local Medicare beneficiarieas when she was really providingg these patients with only routinesfoot care, such as toe nail prosecutors said.
When she was audited by the Medicare programmin 2007, Medicare deniedx her claims for reimbursemengt regarding these 39 beneficiaries and requested that she repay $6,849 for non-covered services that had been previously paid to her. Staffords challenged this and as part of her efforts to avoid payingthe overpayment, Stafford created new treatment records for thosee 39 patients in 2007, back-dating them to 2004, usintg fraudulent treatment information and claiming that she had provided thesd patients with podiatric surgical procedure, prosecutors said.