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 ...



and more »

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.