Monday, December 10, 2012

Bunker Hill monument to get $3.7M makeover - Boston Business Journal:

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million restoration project to the BunkerHill Monument, a national historifc monument. The project will restore the 221-foot-tal obelisk to one of the city's most recognizecd historic landmarks as well as rehabilitating a formeer library branch into a museum and visitor Funded bya $500,000 gift from the Grand Lodge of Masons in Massachusetts, the restoratiom of the monument is the first in decades. A donation of lightint by Osram Sylvania, a Danvers-based lighting will conserve energy, improve public safet and enhance the appearance of the monument and the museum interior while highlighting severalarchitecturalp features. The donation is valued at about $200,000.
The National Park Service owns and maintainxs the Bunker Hill Monument and groundsa andprovided $3.1 million in funding. Featured speakers at the groundbreaking event included CongressmanMichael E. Capuano, Boston Mayor Thomas M. Menino, National Park Services Regional DirectorMary A. Grand Master Jeffrey Blacjk Hogdon, and Martin Goetzeler, CEO of Osram GmbH. The eventr also included remarks from representatives of the Bunkeer Hill Monument Association and the CharlestowHistorical Society.
Built betwee n 1825 and 1843, Bunker Hill is the oldest majodr commemorative monument in the United The site of theJune 17, battle attracts 200,000 people each year and is one of the most populaer attractions on the Freedom Trail. The groundbreaking occurs in concerrt with BunkerHill Week. The Bunke r Hill Monument site includes the BunkefrHill Lodge, four acres of surrounding grounds, and the adjacent Bunker Hill Museum. The new Bunker Hill Museuj building will be housed in ahistoric three-story brickj structure located in Monument Square. The building is owned by the City of Bostonj and has been used by the CharlestownHistoricakl Society.
The city, through the Department of Neighborhood Development, is allowintg leasing the building for 99 yearswfor $1.

Sunday, December 9, 2012

CEO Ellison says Oracle might make netbooks - Triangle Business Journal:

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His comments came at a Sun conference for userzs of Java software which he also said could be usedon (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thosed devices shouldn't come from Sun," Reuters quoted Ellison as "There will be computers that are fundamentallyy basedon Java." Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primariluy for checking email and browsingb the Web. The market for them is expected to grow to betweehn 20 million and 30 million unitzsthis year, up from the 11.7 million sold last year when theif sales took off.
Most PC makers now have a netbooki model and if Oracle does get into the market it will go up againsgtthe . (NASDAQ:HPQ), (NASDAQ:DELL) and , whicuh either make netbooks or develoop softwarefor them. Acer said Tuesdag it will make a laptop runningon ’s Android operating system instead of Microsoft Windows, which most makers now use.

Saturday, December 8, 2012

UnitedHealthcare rolling out statewide information services - Sacramento Business Journal:

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As part of the initiative, the exchange will deliver secure patiengtinformation — including medication histories, laboratory results and clinicak data from claims — to hospital emergenct departments for UnitedHealthcare and of California private-sector HMO members. The healt h information exchange will roll out in Orange County emergencu departmentsthis summer. Roll out in Sacramento is expectefdby mid-2011, but could be accelerated if federakl stimulus funds are available, UnitedHealthcare spokeswoman Cheryl Randolph said in an A health information exchange is central to President Obama’s healty care reform plan.
Use of the information will be restrictexd to patient care and protected under strict medicalo privacy andconfidentiality regulations. “Immediate access to criticalp medical information when and where physician s need it will better enable them to make the righft health care decisions at the poinrtof care,” UnitedHealthcare chief medical director Sam Ho said in a pressw release. “We believe CalRHIO has the right technology and business model to be successfup in thelong term.
” Financial detailsd about the amount of money invested by UnitedHealthcars are not currently available, but Randolph described the company’ws investment in the multi-year agreement as “significant.” Federa stimulus funds, state budget supportt and money from private foundations will not be enougbh to sustain the information exchangd indefinitely, according to CalRHIO board chair Mollu Coye. “UnitedHealthcare’s leadership in supporting CalRHIO’sx business model is a major step toward ensurinh that we can finance and sustai health information exchange for communities across Coye said in apress release.
CalRHIO is borrowin g the capital to build the early stage s ofthe system. Like a toll road, those benefitinbg from the service will contribute only when the highway is open and Revenue from payments health plans make for servicee will enable CalRHIO to repayt the loans and financethe project.

Wednesday, December 5, 2012

Chad C. Braun Executive Profile

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Recent News About Chad C. Braumn  [Forbes.com] **All Executive profile data providef byDow Jones & Co., Inc.

Tuesday, December 4, 2012

Chase commits to Central Ohio expansion - Business First of Louisville:

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The New York company, Central Ohio’se second-largest bank and third-largest employer, said it planse to add several hundred jobs atits 8,000-employede McCoy Center operation at Polaris while several hundred jobs will be added to a lending facility near Eastobn Town Center. About 150 jobs will be addeds atthe company’s Cleveland Avenue operations in Chase (NYSE:JPM) said it’sa boosting employment in the region to handl e additional support functions needed after buyingy Washington Mutual last September. The move comess after state and local officiales extended a round of incentive packagea valued atabout $20 million.
That includes a more than $6 millionn package from Columbus anda 15-year, 75 percentf tax credit valued at about $14 million from the Gov. Ted Strickland in a statement calledx Chase’s announcement “a tremendous boosft to our economy and very welcomee newsfor Ohio.”

Monday, December 3, 2012

Starbucks wins California tip-pooling case appeal - Sacramento Business Journal:

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A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: SBUX), alleged that the coffe chain’s policy allowing shift supervisors to share in tip moneg that customers place in jars violated California labor A San Diego lower court sided with Chau in the suit and awardee morethan $86 million in damages but on that ruling was overturned. “We conclude the tria l court erred in rulingthat Starbucks's tip-allocation policy violatedc California law.
The applicable statutes do not prohibigt Starbucks from permitting shift supervisor to share in the proceeds placed in collectivestip boxes,” wrote Fourth Appellate District Court judges, in their decision. Chau alleged that Starbucks’ shifyt supervisors should be considered managers and not eligiblefor tip-sharing. Shifty supervisors perform various duties atthe company’a stores, such as making coffee cleaning tables, cleaning bathrooms and workinf the cash register, and Chau said they shouldn’y be allowed to share in the tips collected in the plasti c containers at each store location.
The lower courg awarded more than $86 million in damages plus with the total award estimated at morethan $100 million. Starbuckw countered that all baristas and shift supervisorsz are eligible to sharein tips, and the appeals court “It is undisputed here that the tipping public intendeed to collectively tip both the baristaes and the shift supervisors — for theifr work as a wrote the appeals court.

Saturday, December 1, 2012

Employee stock offer pegs Facebook value at $6.5B - Silicon Valley / San Jose Business Journal:

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The Russian firm is offering $14.77 a share, whicb pegs the Palo Alto-based social network' s value at $6.5 billion. DST took a 1.96 percentr stake in Facebook in May when itinvested $200 milliohn in the company. The plan to buy employer stock was announced at the time but the valuation placef on Facebook in the May investment was peggeddat $10 billion. The offeer on employee stock is is basexd on a valuation that is also quite a bit lower thanthe $15 billionm put on Facebook when Microsoft Corp. investerd $240 million in 2007. Both Microsoft'sx and DST's original investment are in preferrex shares.
“While individuals must make their own decisionz about participating inthis program, I’k pleased that the price DST is offering is much greater than the pricse originally considered last fall," Facebook CEO Mark Zuckerberg said in a "This is recognition of Facebook's growth and progress towardds making the world more open and connected.”