Friday, December 31, 2010

Isilon, WSB and Clearwire IPOs raise millions, as more firms try the big launch - Puget Sound Business Journal (Seattle):

vivliothiki-allenonline.blogspot.com
"It's the strongest it's been since 2000," said Matt managing director with Seattle's Madrona Venturwe Group. Offerings in the last year by local companiexs suchas , , and have made strong Isilon, which makes storage systems for digital content, netted $105 million through its December offerint -- about $20 million more than the Seattle-bases company anticipated. But regulatory burdens -- plus the growinhg array of private-capital alternatives to going public -- make the climatre for public offerings lessthan ideal. "I think it is encouraging, but fragile," said Jonatha Roberts, partner with , Seattle'z largest venture capital firm.
One companh experiencing that fragility isApplied Precision, an Issaquah manufacture r of equipment for the semiconductor and life science industries. After filing registrationm papers with the Securities and Exchange Commission ayear ago, the compan has decided to put its IPO planas on hold. The 170-employee firm says a key indec tracking demand for semiconductorsis down. That makex going public less lucrative. "We are not going to raise as much money as we would if itwas up," said Marketinbg and Communications Manager Andy Snow. Product demansd is not the only factor influencingbIPO decisions.
"There's other sources of capital that weren'ft available 10 years said McIlwain. Massive hedgre funds, along with private equity firms that are more willing to investr intechnology firms, are giving companiees additional options for growth capital. That money can be particularly attractive because staying private meansbusinesses don't have to dive into the regulatory waters of public offerings.
Brad Creswell, partner with Seattle-based privates equity firm NorthwestCapital Appreciation, said companies are weighingg the options that hedge and private equityy funds offer even as they prepare to go One of his firm's companies has begun the IPO Creswell said, but at the same time is shoppinyg itself to private investors to get the best deal "I don't know anybody who wouldn'ty take a private deal over a publicv deal," he said. Yet because the nationao economy is doing well and liquidity is the market is healthufor IPOs. "People have lots of money that needs to be put to Creswell said.
While the stock pricesd for someof Seattle's most recentg IPOs -- such as Northstar Neuroscience and -- have fallenh from opening day trading, WSB Financial Group, whicbh has also seen its stock pricw fall since opening day, did raisw more than $40 million in "I think it was a strong IPO, to say the said Jim Bradshaw, an senior vice president at D.A. which was the lead manager on WSBFinancial Group's public offering. the wireless internet service provider founded byCraigv McCaw, has probably been the Seattle's area's most visibled recent IPO. In March, the company offereds 24 million shares and raised about $564 million.
The IPO is considered one of the largesrin Washington's history. The stocmk price has fallen about 25 percent sincsethe offering.

Sunday, December 26, 2010

Vision for 24/7 downtown nears reality at last - Atlanta Business Chronicle:

boyanebyboqasavo.blogspot.com
The biggest story about downtown Atlanta duringf the past 30 years can be summed up as the near at last, of a vision of a 24/7 city. That visiomn was captured in a 1991 Atlanta Businesxs Chroniclestory "Eplan is confident downtow n will improve" in whicu Leon Eplan, then the city of Atlanta's planninhg director, stated it succinctly: "A thriving metropolitan cente r where tree-lined sidewalks lead streams of pedestrian to lush parks in which entertainers perform almost daily.
Thousandss of new workers, having returned to downtowjn after abandoning the area in the fill the streets each dayand night, secure in the presencew of beefed-up police Friendly street concierges point conventioneers toward their destination. Attractivew light poles bathe wider sidewalke in lightat Today, that's the realitu -- thanks to a confluence of factorsx and actors including Billy Payne and the 1996 the expansion of the Atlanta airport and the hospitalitg industry; the state's investment in , the and the Georgia Bernie Marcus' gift of the ; the investment of lots of corporated money by companies like ; sustainer effort by civic groups such as Central Atlanta Progress; the transformation of GSU by Presidenft Carl Patton; political change at City Hall; falling crime and the metro area's continued sprawpl and choking traffic, which has made downtown increasinglyy attractive to new residents.
Downtown benefited from the work of leaderx such as mayors Maynard Jackson andAndrew Young; Bennettf Brown of ; developer Tom architect and developer John Portman; builder Herma Russell; Robert Strickland of Trust Company and Dan Sweat of Central Atlantaq Progress. Portman, who began working downtown inthe 1960s, continuexd to change the skyline with projects such as the Marriott Marquis Hotel (1985), Inforum (1989), SunTrustg Plaza (1993) and many others. Three decades ago, construction began on downtown'ss first really big, signature office buildinfg -- Center -- which began to rise in Novembetr 1978 and was completedin 1982. The nearby 55 Park Placde followedin 1983.
The mid-1980s through the early 1990s saw more with the expansion of the Georgia Worl dCongress Center, the construction of One Ninetyt One Peachtree Tower (1991) and the Georgiaw Dome (1992), the redevelopment of Underground Atlanta, the completion of the Interstated 75/85 "Downtown Connector," and the connection of MARTA rail to the In 1988 the Democratic National Convention came to But the early 1990s also saw downtown rocked by the closing of Rich'a department store, the departure of big bank headquarters to N.C., and the move of Atlanta's largestt law firms to Midtown.
Then, in the announced it would moveto "Reports of downtown's death premature," read the headlinee of a February 1993 story in Atlanta Business "Downtown isn't dying," the story "it just isn't what it used to be. Downtown has grownn to become manysmaller downtowns, each with a differeng personality." In 1994 Bill Campbell begahn his eight-year run as The turnaround began with the 1996 Olympics, whicb led to the creation of Centennialk Olympic Park and other major changes. Four years in 1992, another of downtown's most transformative agents, President Carl Patton, had arrived at Georgiaw State University.
Patton began transformintg GSU from a commuter school into a research universityt withnew dorms, new classrooms, new cutting-edgw research facilities and a new home for GSU's businessw and law schools. GSU's expansion has revitalized thecentraol city. Since Patton arrived in 1992, GSU'sd enrollment has grown to 1997 saw the demolitionof , which had been builtt in 1972, to make way for . The post-Olympid letdown got a pick-me-up with the 2001 electionb of Mayor Shirley which ushered in a new era of hope for downtownb symbolized by theGeorgia Aquarium's openint in 2005. That era of hope continues today.

Friday, December 24, 2010

Local woman one of first to experience new heart procedure - Dayton Daily News

http://chemometrics.se/index.php?option=com_frontpage&Itemid=1&limit=4&limitstart=8


Local woman one of first to experience new heart procedure

Dayton Daily News


Samantha Grier Rita Bowman had an experimental heart procedure where she had a heart catherization but instead of inserting the tubes through veins in her ...



and more »

Tuesday, December 21, 2010

PNC pins growth in small-business market on new

http://thousandsmiles.org/category/thank-you/
The move brings together cash management services that PNC already offerse under onename — CFO, which stands for “cashj flow options.” The bank is runninfg print and radio ads promoting the CFO services in Baltimorer and Washington, D.C. And TV ads on the way. It is PNC’as largest marketing effort forsmall businesses, said Andrew executive vice president of business PNC wants to post double-digit growth in market shared among small businesses, measured by how many have theid primary business account with the The bank thinks the ad campaign will resonatre now because companies are paying extrq attention to cash flow as they deal with the he said.
Pittsburgh-based PNC plans to starg conversations with potential clients by outlining how the CFO services coul dhelp them, rather than opening the discussion with a hard sell on a product. “It’s one way for us to reallhy differentiate ourselves,” Russell said. PNC, which holds aboutg 6 percent ofthe region’s small-business market, declinesd to disclose how much money it is spending on the But PNC will face the same challenges nearly all banks are gaining customers’ trust. Consumere are wary of banks’ marketing messages these with all the anger about bank failures and saidJohn Ballard, vice presideng of account planning at Owinges Mills-based .
SNS is not involve with PNC’s small business ad campaign, but handled advertisinh for many yearsfor , which PNC boughrt in 2007. The bank could grab marketf share if it can convince small-business owners it is trustworthy, Ballard said. One way to do that mighf be to feature testimonials from local small businessesin PNC’s ads, he A Feb. 9 PNC ad in the feature a photo ofa food-stanxd owner with the words, “From that firsgt dollar forward, cash flow isn’tg just an important thing to small business. It’s everything.

Sunday, December 19, 2010

Magical 'Revels' doesn't drag-on - Boston Herald

incidents-comgregory.blogspot.com


Magical 'Revels' doesn't drag-on

Boston Herald


The 40th “Christmas Revels,” which opened Friday evening at Sanders Theatre, makes that happen. It's a knock-out solstice celebration. ...


Meet the star of this year's Revels: Sanders Theatre

Daily News Transcript



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Thursday, December 16, 2010

Beige Book sees

ermolayenayqaked.blogspot.com
The report covers a period from mid-April to the end of May. Demanc was soft for retaik goods and demand forservices fell. But home sale s firmed up in many parts ofthe Fed’s 12th Inflation was quiet, and upward pressure on wages will essentially nil in the the Fed said. Manufacturing remained at an extremelylow level, or although conditions improved for information technologh products. Home construction stayef at low levels, and commercial real estate demand continuecto drop. Loan demand weakened and credifremained tight. The Beige Book is the Fed’s summarty of current economic conditions for each FederallReserve district.
It is published eight times a The12th district, based in San Francisco, coverx nine western states, including Alaska and The full Beige Book is .

Tuesday, December 14, 2010

Genentech drug does well in blindness test - Sacramento Business Journal:

aleshnikovenil.blogspot.com
The San Francisco-based, wholly owned subsidiarty of Swiss drug maker said it will presentf full results ofthe 12-month, 397-patieny study at the Retina Congress in New York in late September-earlt October. Retinal vein occlusion causes a sudden loss of vision when blood flow througn a retinal vein is obstructedc by ablood clot. It oftejn is caused by an underlying condition like diabetes or hypertension and can occur in a wide rangweof ages. The study evaluated the safetty and efficacy of six monthly injections of Lucentiws into the eye in two Its main goal was to show an improvementf in vision with glasses or contact lens prescriptionj atsix months.
Branch retinal vein occlusion, whicnh occurs when one of the branchees of the main vein of the eyebecomezs blocked, affects about 684,000p people in the United States. which has operations in Vacaville, said it will undertakd another Phase III trial of Lucentis in treatin g central retinal veinocclusion — when the main vein of the eye locatecd at the optic nerve becomes blocked in the third quarter. It affectz about 211,000 people in the Unitedr States. Dr. Hal Barron, Genentech’s chief medical officer, said there are no Food and Drug Administration-approverd medicines that improve vision forsix months.
which inhibits vascular endothelial growth or VEGF, was approved in June 2006 to trear age-related macular degeneration. It had 2008 sales of $875 million in the Uniter States.

Saturday, December 11, 2010

Home Depot raises 2010 outlook on stronger sales - TMCnet

burwellmitubaes1369.blogspot.com


Home Depot raises 2010 outlook on stronger sales

TMCnet


By AP , NEW YORK (AP) â€" Home Depot Inc. on Wednesday raised its fiscal 2010 earnings guidance slightly for the second time in two months and said it ...


The Home Depot Launches 'How-To' Community for Do-it-Yourself Enthusiasts

PR Newswire (press release)



 »

Thursday, December 9, 2010

Intel to buy Wind River for $884M - Business Courier of Cincinnati:

http://nail-polish-biz.com/NailPolishReview/page/5/
Intel's $11.50-per-share offer is about a 44 percent premiumk overWind River's closing price on Wednesday of $8. Wind River stocj lost more than half its valure betweena 52-week high of $12.99 last August and a low of $5.61 in The stock closed Thursday at $11.72, up 47 percent. Santa Clara-based Inte (NASDAQ:INTC) said buying Alameda-based Wind River (NASDAQ:WIND) will help it expandx its software into thousands of embedded systemsz and mobile devices includingsmart phones, in-car "info-tainment" systems, aerospacre and defense, energy and thousands of othe uses.
Wind River will operate as a wholly owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’ss software and services group. "Our combination of strengthw will be of greaty benefit toWind River’s existing and future customers," said Ken Wind River chairman, president and CEO. Foundeds in 1981, Wind River has more than 1,60 0 employees and operations in more than15 countries. Durinh its fiscal year ended Jan. 31, Wind Rivee reported $10.7 million in net income on annual revenudof $359.7 million. The companh on Thursday posted a 21 percent increasse in netincome $561,000, or 1 cent a share, for its first quarter despite a 6.
5 percent drop in revenue to $63.8 million.

Monday, December 6, 2010

Is the End in Sight for The World's Coral Reefs? - Yale Environment 360

http://hotelsancarloscancun.com/downtown-hotel-cancun-abouthotel.html


Christian Science Monitor


Is the End in Sight for The World's Coral Reefs?

Yale Environment 360


But the science is clear: Unless we change the way we live, the Earth's coral reefs will be utterly destroyed within our children's lifetimes. by jen veron ...


Outside Cancún climate conference, Caribbean Sea testifies to global warming

Christian Science Monitor



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Friday, December 3, 2010

Kannapolis honored for economic strategy - Portland Business Journal:

lamoreuuceses1724.blogspot.com
The city received the awardd in the category of Excellence in EconomicDiversificatiom Strategies, which recognizes responses to plant closures and other economic that promote economic diversification. The competitiob is open to nonprofits; local, statd and regional governments; and universities and colleges. Cabarrus and Rowam counties lost 4,300 manufacturinv jobs when textilemanufacturer Kannapolis-basedPillowted Corp. closed in July 2003. Two years later, Californis billionaire David Murdock announced plans forthe N.C. Research Campusa at the 350-acre former Pillowtex headquarters andmanufacturinh site. The life-sciences hub includes the participation of Duke theUNC System, the N.C.
Community Colleged System, other educational institutions andbusiness partners. The tota investment is expected toreach $1.8 billion. Residential and commercialp developments are rising around the campus with hopews ofturning Kannapolis, a former textile into a biotech center.

Wednesday, December 1, 2010

Port to sell land to Keystone Coal - Puget Sound Business Journal (Seattle):

http://www.youthmissionsinsider.com/youth-group/what-have-i-missed.html
owner Tom Scholl will receive $6.6 million for the property in exchange for payinghis attorney’s legal fees of $6.6 which the authority was ordereed to pay. Under the arrangement, Scholl won’t pursur legal action against the authority for business allegedlg lost when the 70 acres at the northerh terminal of Talleyrand Avenue were under threat ofeminentf domain. Jacksonville Port Authority Executive Director Rick Ferrim said a bulk materials terminal couldf have been built on the38 acres, but the authorituy decided to sell due to its need for capitaol and desire to focus on building Ltd’sx terminal at Dames Point.
He added that the economid impact of the 38 acres would be greater if it was combinedc with the other68 acres. Keystone Coal planws to build a $20 million coal terminal on part ofits 78-acrre parcel. The authority bought the 38 acresd forabout $5.7 millioj through eminent domain from LLC. Following the $61 million verdictr for the 70 acres of land andthe authority’zs balking on the price, Judgwe Richard Watson ordered the authority to pay $10.
6 million to lawyers who defended