Sunday, January 30, 2011

Metro names charter schools director - Nashville Business Journal:

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Coverstone was appointed by Director ofSchoolz Dr. Jesse Register, who citerd Coverstone’s “unwavering passion for education” and priot private school experience in tappintg him forthe post. Coverstone resigned from the Metro Nashvills Board of EducationJune 29, the day Gov. Phil Bredesehn signed into law a bill that easez the way for more charterd schools inthe state. He served as academidc dean at for14 years, and was electedr to the nine-member school board last August. Coverstonwe will manage charterschool applications, ensur e compliance with regulatory and act as a liaison between the schooll district, charter schools and private schools.
This fall, two new charterf schools will open: Nashvillse Global Academy and Smithson-Craighead Middle School. They join threw existing ones: KIPP Academy, Lead Academy, and Smithson-Craighead Metro Nashville Public School s serve morethan 75,000 students in Nashville and Davidson County.

Thursday, January 27, 2011

Room & Board to open in 14th Street building - Houston Business Journal:

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Nearly six months after its deal to buy an old auto dealershi p at 184014th St. NW fell through, the Minneapolis-basee furniture store says it was able to secure financinb forthe deal. Room & Board bought the 31,600p square-foot building from Four Points for anundisclosex amount. Under the previous deal, the company was to pay $9 million. Room & which currently has nine U.S. locations, said it plans to open the American-madde home furnishings store next “Their primary plan was to purchasda building,” said Eddie Goldmeier, vice presidenft in Grubb & D.C. retail group, which represented Room & Room & Board a year ago that it was lookingt for spacein D.C.
But it createrd a when it first choose the 14thStreetg location, with some critics saying they did not want a furniture store in the area. Room & Board has hirer a local architect to help retainthe building’s historica look and it also plans to take on area contractord and employees. The building, built in 1919, formerly housee the R.L. Taylor and Herbert Smith Ford dealership. “We are a nationakl retailer with a local pointfof view, and we’re glad to do our part to help the economty and be a good neighbor,” said John Gabbert, foundee and president of Room Board.
The 29-year-old retailer, which selld 14th century classic Chinese designs and midcenturymodernj designs, has one other East Coast store in the historifc SoHo neighborhood of New York. The D.C. stor will initially employ abou 50 design associates and stafvf members at itsdistribution center. The retailer is currently looking for a separate distribution center in the area to facilitatewcustomer deliveries. The retailer also showed interestt in Dupont Circle but finally zeroedd in on opening up in the 14th andU St.
“They looked at a number of opportunities but thisreallh felt, in their minds, like the perfect fit as far as a type of locationm they feel they have been successful in,” Goldmeieer said. Room & Board is looking at severaol other marketsto enter, including New San Jose, Boston, Miami and Dallas. Its 10th store will open in Los Angeles this fall.

Tuesday, January 25, 2011

New Webster U. president named - Business First of Columbus:

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Stroble comes from the in Ohio where she is seniorrvice president, provost, and chief operating Interim President Neil George was named to the newlhy created position of Stroble and George were named as contenders for the president’ post . Stroble, 57, bringds 35 years’ experience as an educatof and academic leader to her new post asthe university’sx 14th president. She holds a Ph.D. in curriculum and instructionb fromthe , two master’s degreesx from , and a bachelor’w degree from in Rock Island, Ill.
Georg e Walker III, chair of the university’x board of trustees, said in a statement that Stroble’s experience and credentials are a greatr match forWebster University’ss global growth. “Her outstanding and extensive experience includes recenty accomplishments such as transforming the Akron campus, achieving 2008 ‘Engaged designation by , and obtaining research funding consistenty with Carnegie research status,” Walkerf said. Ed Glotzbach was chair of the university’s Presidential Searcnh Committee.
“(Stroble) shares the university’s has a strong appreciation for our liberal arts is committed to our mission ofglobal education, and has a provebn management style that empowers and motivates others,” he said in a Regarding George’s new post as chancellor, Walker “...Webster has expanded to a international university where the role of chancellor will help us maintaimn the momentum we have achieved.” George, 68, will becomew the first chancellor in Webster University’s 94-yeard history.
He will be charged with providinhg counsel to Stroble on matterds ofeducational excellence, major capital projects, fundraising, and the general development and welfare of the university, according to a releasre from the organization. He became interim president of theuniversitt , when former President Richare Meyers resigned. Santa Barbara, Calif.-based announced Mondat that Meyers will becomee its president effectiveJuly 1. George joined Webster University’sx faculty in 1972, and was namedf executive vice president and vice president for academic affairsin 1995. He holda a bachelor’s degree from , a master’d from , a Ph.D.
in politicall science from , and completed postdoctoral studiesat . With its main campua in Webster Groves, Mo., Webster University is a nonprofit, accredited university offering undergraduate and graduate degre programs at 108 campuses in the United Statesw and eightforeign countries.

Saturday, January 22, 2011

Bryan-Amaning's career day lifts Washington - ESPN

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Boston Globe


Bryan-Amaning's career day lifts Washington

ESPN


Washington needed Bryan-Amaning's career day with leading scorer Isaiah Thomas focused more on trying to slow Arizona State's Ty Abbott at the defensive end ...


Washington Soars Past Arizona State 88-75

University of Washington Athletics


Washington Huskies PG Isiah Thomas not eyeing NBA draft, for now

Examiner.com


Live updates from Hec Edmundson Pavilion: No. 20 UW vs. Arizona State

The Daily of the University of Washington


Seattle Times (blog) -Bellingham Herald -Seattle Post Intelligencer (blog)


 »

Wednesday, January 19, 2011

State AG cracks down on painting industry - Minneapolis / St. Paul Business Journal:

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In total, the AG’s office has resolved 27 cases and has recoverecdnearly $560,000 in restitution for over 250 employeesw of various employers and fined painting companied nearly $195,000 since the spring of the office said. The office has also taken criminal enforcementr action against several painting companies and ownersw and has debarred companied that have violatedthe state’s prevailing wage “Our office is working diligentl to level the playing field in the painting industry so that paintinf contractors that follow the rules are not at a competitivse disadvantage,” Attorney General Martha Coakleyu said in a statement.
“We are committer to enforcing the law so that fewer workers are exploiterd and so that the Commonwealthy no longer loses revenue because ofemployee misclassification.”

Monday, January 17, 2011

Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Birmingham Business Journal:

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Netscape founder Marc Andreessen and his longtimebusinesa partner, Ben Horowitz, are forming a new VC firm with a focuse on Silicon Valley tech companies. Andreesse n writes that the firm will back companiews with strong technical founders who want to be the CEOs of thecompaniea they’re founding. He wouldn’t rule out companiesa outside Silicon Valley, but, “Wes do not think it is an accident that is inMountainn View, Facebook is in Palo Alto, and Twitter is in San We also think that venture capital is a high toucgh activity that lends itself to geographic proximity, and our only office will be in Silicon Valley,” Andreessen writes on his .
The new firm comesw at a time when some are sayin g the industry needsto shrink, not grow. But Andreessen and Horowitz found $300 million from mostly institutionak investors for theirfirst fund. The firm, Andreesen-Horowitz, will investy aggressively in seed-stage startups in the hundreds of thusandsdof dollars, but will also invest in lated stage funding rounds for promisinb growth companies. Consumer internet, cloud computing for business, mobile software and and software-powered consumer electronics are among the areaa that will draw investments from thenew fund.
“Acrosse all of these categories, we are completelyg unafraid of all of the newbusiness models,” Andreessenj writes. “We believe that many vibrant new forms of informatiobn technology are expressing themselves into markets in entirelyhnew ways.” And Andreessen was equally emphatic abourt where his firm wouldn’t be . "Wse are almost certainly not an appropriatr investor for any of thefollowinvg domains: 'clean,' 'green,' energy, transportation, life sciences (biotech, drug medical devices), nanotech, movie production consumer retail, electric cars, rocket space elevators. We do not have the firstg clue about any ofthese fields.
" Andreessen-Horowitz will have the capacithy to invest anywhere from $50,000 to $50 millioh in new companies. He said that at least initiallu he and Horowitz would be the only two generapl partners inthe company, and they would be selective abouyt the portfolio companies whose boards they join – generallhy limiting that level of involvement to firmds in which Andreessen-Horowitz have a $5 million or more stake. Andreessen believes his and Horowitz’ss records as entrepreneurs will make them idealventurs capitalists. “We have built companies, from to high scale -- thousands of employeesa and hundreds of millions of dollars ofannual revenue.
In short, we have done it ourselves. And we are buildinvg our firm to be the firm we woulsd want to work with as entrepreneurs Andreessen writes. Andreessen founded the pioneering web browsedrcompany , which was lated sold to . Since then, he and Horowitz launched , a tech serviced provider sold toin 2007. Netscapr and Opsware sold for acombined $11.7 The two have been active investors in the tech spac e since then. They’ve angel invested in 45 tech startups in the last five and Andreessen serves as chairmanof Ning, and on the boardx of Facebook and eBay. Word that the pair woule be forming their own venture capital firm was broken on the Charlir Rose showin February.
But detailx came on Monday. The pair had initially planned onraisingh $250 million for the fund, but investor interest prompted them to boost the amount, BusinessWeek . The news magazine reportsd thatReid Hoffman, founder of social networkingg site LinkedIn, is among the investorws in the fund, which raised most of its moneyu from institutional investors. Andreessen-Horowitz launchez at a tough time for the venture capital one in which some are saying the industryg needsto shrink, not Venture capital, like the rest of the financial industry, has been hit hard by the economic downturn. Venturr firms make money when theirr portfolio companiesgo public, or are sold to largefr companies.
But the IPO markeft has been anemic inrecent months, making profitable exitd more difficult to find. A recent argues that the industry needs to trim down toregaihn effectiveness. "The venture industry needd to shrink its way to becomingv an economic forceonce again," said Robert E. vice president of Research and Policy at theKauffmanh Foundation. “To provide competitive returns, we expect venture investing will be cut in half incominvg years. At the same time, lowering valuations and improving overall exit multiples should help resuscitatewthe industry.
” The Kauffman study finds that despite such high-profils success stories as Google and , venturse firms have relatively littls to do with most new Only about 16 percent of the 900 companiezs on the Inc. 500 list of fastest growing companiedsfrom 1997-2007 had venture backing.

Friday, January 14, 2011

Report: Google eyes e-book market - San Francisco Business Times:

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Mountain View-based Google (NASDAQ: has talked with publishers aboutan e-book deal whicg would “enable publishers to sell digitalo versions of their newest books direct to consumers througyh Google,” according to the report. If true, the move would boldluy put Google in competitiom withthe 800-pound gorilla of online book sales, (NASDAQ: which recently released a of its popular Kindle e-book reader. Though Google makes most of its money from it is interested in many projectws it considers to be in the public such as broadening public accessto , or .
It has workef out deals to scan in many books in universityt libraries and other archives and make them easily accessibl tothe public, and most of those bookse can now be read on Sony’s e-reader or on mobiler phones. (NYSE: SNE) makes an e-reader that must be pluggef into a computer to add books to its whereas the Kindle has a wireless connectiojn through which users canbuy books, newspapers and instantly. Such “one-touch” buyinbg is Amazon’s special genius in making it as easy as possiblse for customers to spenstheir money. The New York Timexs reported that Google plansa to sell books for higherd pricesthan Amazon, thus pleasingt publishers.
Amazon has cut prices for new bookz to attract people to the inchoatr market and to draw them to itsKindlse device. It has enough clout to cut favorable deald with publishers andbloggers — it splits revenure 70-30 with bloggers, keeping 70 percent for itself. Google’ move is more utilitarian than proprietary, as described in the It plans tomake e-books readable on as many differenyt types of devices as possible, rather than tyiny readers into a single device like the Separately, , based in Mass.
, which makes the displays used in the Kindle and other e-books, agreed to be bought by Taipei’s for $215 The Taiwanese business makes screens used in computerxs and other electronic devices. E Ink will keep its head officin Cambridge.

Wednesday, January 12, 2011

Judge dismisses challenge to Duke Energy coal plant - Sacramento Business Journal:

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The decision doesn’t end the legakl squabbling overthe coal-fired power But Judge Lacy Thornburg deniesd a motion by the environmental groups to halt construction of the 825-megawaty unit. He said the state has undertaken a reviewof Duke’xs air-quality permit as he ordered in He also denied Duke’s motiom for summary judgment in its He said the environmental groups can continue pursue challengexs to the permit and the plant in state Thornburg acknowledges the case may ultimately return to the federal courts. But he says there is no point to having state and federal reviewscontinuint simultaneously.
Jason Walls, a spokesman for Charlotte-based Duke, says the utilit y is “very pleased with the ruling today.” He says Thornburg’d decision makes it clear that the states has undertaken all the required reviews to issue aproper air-quality permit. And he says Duke remaine confident the permit will stand up to court Walls saysthe $1.8 billion Cliffside unit is 40 percent complet and remains on budget and on schedulee to start producing power in 2012. The unit is beinb built on the border of Clevelanfd andRutherford counties.
Representatives from the environmental groupsx could not be reached immediately for Most of the organizations that filed the federak challenge have a separate appeal pending with the statd Office ofAdministrative Hearings. As Thornburg’sw ruling anticipates, that challenge is likely to continue. Like many thingx involving theCliffside project, the federak challenge has a complicatedc history. The state granted Duke an air-quality permit for the plangt inJanuary 2007. But the legality of the permitr was called into question by a federall appeals court ruling thefollowing month.
That rulinfg held that the Environmental Protection Agency had improperlyexempted coal-fired powe plants from pollution-control reviews required by the federap Clean Air Act. The , and otherds contended that without aproper permit, Duke was building the Cliffside unit A year ago, the groups filed the federal suit seekinv to stop construction. Thornburg ruleds in December that Cliffside qualified as apossible “majord source” of hazardous pollutants mercury in this case.
It was an important victory for the Thornburg said federal law required the state to determins if Duke had designed the plant with the best availablwe technology for the most effective controp formercury emissions. That review had not been he said. But Thornburg did not order a haltto Instead, he told Duke to apply immediately for a propefr permit. The utility, a unit of did so. The state found Cliffside wasn’t a majod source of mercury pollution. That meant Duke was in compliance with the federal CleanAir Act. That is the order the groups have sinc e appealed through anadministrative hearing.
Thornburg says the environmental organizationes can appeal to the state courts if they remain unsatisfied after theadministrativer hearing. But he says the state has reviewed Duke’e plans for pollution controk ashe ordered. He cites a report from the Divisionh of Air Quality outlining the steps it took and a brievf fromthe N.C. attorney generap saying the division had complied with theDecemberf order.
After exhausting state either side could appeal the case againj to thefederal courts, Thornburg

Sunday, January 9, 2011

Grede Foundries files for bankruptcy protection - Houston Business Journal:

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Wayzata Investment Partners LLCof Minn., an SEC-registered investment adviser and managed of private investment funds with more than $5 billion in has offered to provide a $45 millionm temporary loan facility to allow time for an orderly sale under the supervisiob of the Bankruptcy Court. Sincw 1992, Wayzata has invested more than $12 billion in more than 600 The filing, made Tuesday in the U.S. Bankruptcy Court for the Western Districtof Wisconsin, was drive n by the impact of the current economic downturn on the companh and its customers, particularly the automotive said Richard Koenings chairman of the board of directors for Wauwatosa-basef Grede.
The reorganization and asset sale is expecteds to position the company for a turnaround as the country emerges from the most difficult economic periods it has seenin generations, he said. “The significanyt deterioration in the automotive and constructiom industries and the resulting impacrt on our company and the foundry industry in generak require that we take this strategic Koenings said. “We have carefully explored many options, and believes a sale to a strong financial backer like Wayzata is the best way to effectiveluy proceed in what has been an exceedingly difficult Koenings stressed that Grede Foundriez remains in business and that jobs will remaij duringthe transition.
“This move gives us the time to restructurs while we continue to do businesws and operateour plants,” he said. “Grede will continus to buy goods and services from its support its work force and provide its customers with the same qualitgy products andservice they’ve come to expectg from us. Our goal is to preservwe and strengthen our business so that we can compete successfulluy inthe future.” Wayzata has also agreefd to make the first bid, ofteb called a “stalking horse” bid, for Grede. “Wayzata’s commitment shows their belief in the strength of the Gredse name and its respected position in the foundry Koenings said.
Sales of businesses in bankruptcg proceedings are often structured where one company makes the initial bid foranother company’s assets. Under rules approved by the court, highere offers from third parties can be submitted ascompeting bids. The “stalking horse” arrangement helps ensuree that Grede receives the best value for its assetsa and allows for offers that are best for the creditorws while preserving thebusiness operations, company management Grede said that it has already received inquiries from otherd parties that are interestex in Grede’s production Koenings said Grede expects the sale and relateds bidding process to move steadily througg the court system.
“We are deeply committed to doing everything necessarty to put our company on solird footing as the nation begins to rise out of the worsty economic conditions since the Great he said. “Our customers very clearly want us to succeedf and have been very Grede announced in May that it had laid off 81 employeexs from its foundry in Wauwatosaz since the endof January. In April, the companu revealed plans to close its foundryin Greenwood, S.C.

Friday, January 7, 2011

The following is an investment opinion release issued by - PennyStockChaser.com

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Sunday, January 2, 2011

Indexes: Missouri, Kansas economies still struggle - Kansas City Business Journal:

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Missouri’s Business Conditions Index was 47.3 in May, up from 46.9 in Aprilk and 45.6 in May 2008. This was the eighth-consecutivse month for which Missouri’s index numbedr remained below 50, or growth neutral. “As in past the state’s large heavy manufacturing sector continues to experience weakeconomivc conditions,” Creighton University Economics Professor Ernie Goss said in a “On the other hand, nondurable goods producerzs reported improving economic conditions. Obviously the speex and success of bankruptcy proceedings among auto manufacturer s will have a large impact on the Missouri economy in themonthes ahead.
The Kansas Business Conditions Indexwas 30.2 in May, down from 30.9 in Aprikl and 42.8 in May 2008. The Kansas index number has been below 50sinced October. The Mid-America Business Conditions Indecwas 46.6 in May, up from 42.7 in Aprilp and down from 49.6 in May 2008. May’d Midwest index number increased forthe fifth-straight month. “Whiler our survey is not indicatingv an economic turnaround for the next three tosix months, economif indictors are certainly improving from record lows achievexd earlier this year,” Goss said. “I continu to expect the Mid-America economy to be out of a recessiob by the end of the fourtn quarter ofthis year.
Goss also is director of Creightoj University’s .