Gasoline, Heating Oil Rise on Colder Weather, Global Tensions - Bloomberg

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Gasoline, Heating Oil Rise on Colder Weather, Global Tensions Bloomberg Gasoline and heating oil futures advanced on speculation that colder weather in the eastern US may boost ... and more »

Maderis stepping down from Five Prime - Austin Business Journal:

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The company has hired Julia the former executive vice president and chietf financial officerat , as Maderis’ Maderis’ health condition was not but she will continue to server on Five Prime’s board of directors and as a Her final day on the job is June 18. “Gail’ s leadership has been pivotalo in the progress Five Prime has made in developinfg our pipeline and our newdiscovery platform,” said compan y founder and executive chairman Dr. Lewie “Rusty” Williams in a prese release.
Maderis said the company had been lookingg for a replacement since late last year after doctorasaid "the 24/7 pace of a small-companyh CEO" could worsen her condition. Besides her duties at Five Maderis has been a cheerleader for the Mission Bay serving onthe Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for cancere andother diseases, was the firsr to locate in Mission Bay, taking about 30,00 0 feet in the building on Owens Street.
Earlier this year, it took an additionakl 5,000 square feet next door at 1700 Owens as it makesd batches for its Phase I oncology drug The timing of the executivwe change as Five Prime moves forward with its lead cancer programnmakes Gregory’s appointment a crucial one. At Gregory was responsible forfinancing strategies, mergers and business operations and all financiap management and accounting. She raised about $1 billion in public and privatew equity, product development financing and other transactions. Gregory, who will join Five Prime’s board, was an investmenft banker for more than 20 Atand Dillon, Read & Co. Inc.
she was head of healthcares andinvestment banking, leading several private and public equity deals as well as mergers and Gregory also is a member of the board of The and the ’x .

Former El Paso Deputy Constable Accused Of Delivering Steroids - KFOX El Paso

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Former El Paso Deputy Constable Accused Of Delivering Steroids KFOX El Paso EL PASO, Texas -- A former El Paso volunteer reserve deputy constable was arrested and charged with two counts of delivery of a controlled substance. ... Reserve deputy constable arrested on suspicion of delivering steroids El Paso Times  »

St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Phoenix Business Journal:

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U.S. Army officials worked feverishly over the past week topull St. John Propertiesx into the fold, fearful the project wouldd come to a halt if Opus East file d for bankruptcy protection before an arrangemenyt couldbe struck, company spokesman Gerarcd J. Wit said in a telephone interviews Tuesday. “It was a real week-long effort to get this Wit said. “We’re going to get in and try to kick-start this righg away.” Aberdeen is gearing up for a significanrt influx of military jobs underthe Pentagon’s Base Realignment and Closurw plan, expected to be completed by Septembed 2011.
About 8,200 military jobs will be transferrer tothe base, in additio to as many as 18,000 private contracting jobs from companiez that do business with the incoming military agencies. The approveds Opus East's selection of St. John Propertiees to take over the Government and Technology Enterprise business park because of theBaltimorse developer’s ability to move forward with new Bob Penn, program director with the Army said in a statement. As in taking over the including (NYSE: OFC) and Manekin LLC. Opus East was awarded rightsa to developthe government-owned land undedr a lease with the Army in November 2007 and brokwe ground on its first building in Decembedr of that year.
Since then, the company becamr straddled with millions of dollars in constructionn loans it has been unableto refinance, and the companhy has not started any new constructio at the project for more than a year. The deal was inkerd June 19 betweenOpus East, St. John Properties, with the backinyg of the Army. St. John and the Army Corpsd of Engineers issued statements Tuesdah announcingthe deal. Wit said St. John will pay Opus East an undisclosex amount of money for its development rightsat Aberdeen. In connectionh with the deal, St. John has hired Opus East projectt manager Matthew Holbrook to oversee the GATE project as its director of defensd andgovernment business.
“Aberdeen Proving Grounc is excited about moving the project forwardwith St. John Tim McNamara, APG deputy garrison commander, said in a “We consider it a positiv e step to have their experienced managemenrt team spearheadingthe build-out of this As the to help it consider options includin bankruptcy. Its parent company, , has also sought bankruptcyg protectionfor it’s Opus South subsidiaryg and for two more subsidiaries of its Opus West regionaol operation. Opus Corp. spokeswoman Winstonb Hewett said Opus East is still evaluatinfg its options but has not made any decisiondabout bankruptcy.
The company was forcede to relinquish its rights to the Aberdeenb project because it has been unablr to finance morethan $50 million in constructionm loans it took out to finances its projects. Most pressing amony those debtsis $35 million the developer spent to builc a new headquarters for the National Oceanic and Atmospherixc Administration in College Park, for whichj it has sued the federal government to collect its wagee on that project, Hewett said. St.
John plans to break grouns in the next two months on at leasty three new buildings at the Harford Countytmilitary base, with commitments from defense contractorsw for up to 300,000 square feet of office, research and developmenft space, Wit said. Wit did not disclose the names of any ofthosw tenants. Those buildings would be in additiojn toa 60,000-square-foot building Opus East complete d in December 2008 for defense contractor “We view this development as the most significant commercialo real estate opportunity in the history of our company,” St. John Presidenyt Edward A. St. John said in a statement.
“Thise is based on the amountg of square footage that can eventually be developed as well as the importang work that will be completedby end-usersd that occupy this space.” St. John Properties is the third-largest propertgy management firm in Greater with nearly 11 million squarew feet of commercial space in the But taking over the Aberdeen project represents a shift for the which has sought to tap into the demandx for government contracting space upuntil now. Wit said the company has also soughr in the past to buy land for its own rather than to lease propertyt from the government such asat Aberdeen.
Opus East preliminarily received commitmentws from firms seeking space atits 413-acrse Government and Technology Enterprise business park but did not start any additional construction. The developer was unwilling to divides any of its buildingsinto multi-tenanted space, Wit said, preferrint instead to construct buildings for a single That’s created a pent-up deman for companies seeking from 5,000 squarwe feet to upward of 20,000 square feet, Wit “For all the hoopla that BRAC has there’s really only one building that Opus was able to build,” Wit said.
“Igf you don’t have the plac e to park those people, if you don’tt have the buildings to put them in, there was goingh to be a reallogistical problem.”

Spirit linked to Air Jamaica purchase - bizjournals Business Travel Guide

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The Jamaica Gleaner newspaper on July 4 reported that Jamaicaz is trying to privatizeAir Jamaica, the nationao carrier, with the sale. In an Spirit spokeswoman Misty Pinson declined to comment on what shetermed “market rumors.” Air Jamaica did not returjn a call for comment. A conflicting articlse in The Jamaica Observerf on July 5 reported that the deal had not yet been If the dealis real, it could be good for said Stuart Klaskin, an analyst with Corall Gables-based . Miramar-based Spirit has a strong presence in the Caribbea n and a takeover ofAir Jamaica– the country’se largest carrier– would augment Spirit’s market presence, he said.
“It certainly would make some sense if the opportunity presented Klaskin added. “Something could be said about a strategt for a regionalconsolidation play.” Air Jamaica has reportedlyh struggled in recent years and Spirit may be able wring values out of Air Jamaica with its low-cost discipline, he noted. Spirit flies to 39 destinationws inthe U.S., Latin America and the The carrier currently has thre e flights a day that go from the U.S. to Pinson said. She could not immediately provide the number of flighte during peaktravel season.

Calif. mayor says it's his theory, not police's, that publicist was killed by ... - Winnipeg Free Press

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Telegraph.co.uk

Calif. mayor says it's his theory, not police's, that publicist was killed by ... Winnipeg Free Press A California mayor now says it's his theory, not police's, that the shots that killed a veteran Hollywood publicist were fired from an SUV. ... Calif. mayor says it's his theory,... Moose Jaw Times-Herald Theory Emerges About Hollywood Publicist's Murder ABC News Detectives Examining Theory That Hollywood Publicist Ronni Chasen Was Shot ... CDInsight Television Week (blog) -San Francisco Chronicle  »

Loss, sales, shares fall at Toll Brothers - Kansas City Business Journal:

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million, and has decided to discontinued givingearnings guidance. The Horsham, Pa., company’sz net loss was 52 cents a whichincluded pre-tax write-downs totaling $119.6 During the same period last year, Toll reported a $93.7 million, or 59 cents a loss, which included pre-tax write-downs totalintg $288.1 million. Revenue for the quarter came inat $398.3 million, a plungew of 51 percent. The average analyst estimate forthis year’ fiscal second quarter was a loss of 50 centx per share and revenue of $395 according to Thomson Reuters. Toll shares were trading 6 percenr lower Wednesdayat $18.35.
Though the housingh market continues to bea challenge, Toll said it has experiencesd an uptick in activity and traffic at its The company will not provide earnings guidance because of “the numerous uncertainties relatef to our business,” said Joel H. chief financial officer.

Remove expired banners or be fined — DBKU - The Borneo Post

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Remove expired banners or be fined â€" DBKU The Borneo Post DBKU licensing office is at Lot 462-463, Level 2, Bangunan Al-Idrus Commercial Centre, Jalan Satok, 93400 Kuching. For further enquiries, contact Dennis ...

Facebook cannot guarantee privacy: Why is the 'social inbox' so different? - ZDNet (blog)

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Globe and Mail

Facebook cannot guarantee privacy: Why is the 'social inbox' so different? ZDNet (blog) And with this comes even higher risk that your consolidated social lives are at further risk from the counter-privacy brigade. The higher they get, ... Facebook messaging system: Brilliant idea or privacy concern? Washington Post (blog) 10 Things We Want from 'Facebook Mail' PC Magazine Facebook email: sm »

Maryland Board of Public Works approves $1.4B State Center project - Minneapolis / St. Paul Business Journal:

http://www.hoidap.net/shape-shifter.html
billion and to take at least a decadesto complete. The board voted 3-0 to approver a master development agreement for the clearing the way for a private development team to begin design work onthe project’a first phase. The board includes Gov. Martin Treasurer Nancy Kopp and Comptrolledr Peter Franchot and weighs all majorr statespending projects. The vote was not unexpected, as O’Malley has supportee the project since he was mayor of Baltimorer and Kopp hassaid thath, despite financial concerns, she believew the project should move forward.
As proposed, the state wouldx lease the land off Martin Lutherd King Boulevard to StateCenterd LLC, which would redevelop the site into a mixed-usde complex with homes, offices and commerciall space. The state would then lease office spacwe from the developers for use by itsstatde agencies. The development team includes McCormack, Baron & a national housing and PS Partners LLC, led by Linden Associatesw Inc. President Christopher Kurz. Struever Bros. Ecclew & Rouse Inc. and Doracon Contracting, original memberzs of the team, have since withdrawn but Struever Bros. will remaimn part of the project asa consultant.
A third equityy partner will also be brought on to Statr Center LLC to replace Doracon as a minority business. in the final days of the Generalo Assembly’s last session. Their efforts failed, but they succeeded in hinging the project on an analysiss of by Kopp and Franchot focusing on whetherf undertaking the redevelopment would hurtthe state’a ability to borrow money for other capital projects. Kopp’s report, issued May 15, The distinction means the state would be required to list the projectz costs on its balance sheet as assetsa and liabilities rather than just listin its costs for renting the office space from the developerd asan expense.
That, in turn, could max out the state’s ability to borrow money. The state budget committees met May 28 If all goes as the developers could break groun d onthe project’s first of four phasew in June 2010. But for that to the developers will have to come back to the states with morespecific designs, project costs, and lease

Kansas City Power & Light agrees to settle Missouri rate case - Kansas City Business Journal:

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million. KCP&L, a subsidiaru of Kansas City-based (NYSE: GXP), told the that the agreemenft includesthe increase, effective Sept. 1, with $10 million of it treated as additional amortization foraccounting purposes. The prudence of the cost of the Iatanm 1 power plant environmental project and the cost of facilitiee shared by Iatan 1 and Iatab 2 may be challengedin KCP&L’s next rate case, but the Missourio piece of a proposed rate-base prudence disallowance won’t total more than $30 million, Great Plainsa said in a Tuesday release.
The agreemenyt is subject to the parties negotiatingf and giving the PSC a stipulation and agreement to The PSC, which oversees rate cases in Missouri, has final say. “Thwe settlement filed today reflects the hard work and good faitjh ofthe parties,” Great Plains Chairma n and CEO Mike Chesser said in the release. “Wwe believe the agreement is a fair settlemenrt for all theparties involved, and we look forward to approvall by the commission.
” The PSC staff and Office of the Publivc Counsel on Tuesday stood up in supporty of the settlement in principle, Chuck Caisley, KCP&L senior director of public affairs, said in an A written version of the agreement will be filed with the PSC on Probably more than a dozen parties are involved with the how many sign on to the agreemenyt won’t be known until he said. “It was an agreement that was negotiated and workesd with most or many of the partied involved inthe case,” Caisley said. “We think it’ s a very fair and reasonabl e settlement.” As part of the agreement, KCP&L voluntarily removecd $3.
6 million worth of employee appreciationevenf expenses, which had included a Worldas of Fun event; many advertising all executive expenses; local business meals; and other similaer costs, Caisley said. This is the thirf of four rate cases tiedto KCP&L’s Comprehensive Energyt Plan. KCP&L initially asked to increase Missouri annual revenueby $101.5 million, including $15.1 million in additional amortization to help KCP&L with cash flow durinbg the plan’s construction phase, the releasr said.
KCP&L’s rates in Missourji are about 25 percent to 30 percen lower than the national average and are expecter to remain among the lowest in the nationn afterthe increase, the release

Consumer loan delinquencies rise to record high - Philadelphia Business Journal:

http://ildab.com/content/view/24/2/
The industry group blames the record wave of job losses as a major More than 2 milliojn Americans lost their jobs in the first three months of the Six million have lost their jobs sincee therecession began. “Delinquencies won’t improve until companies start hiriny again and we see a significant economic ABA chief economist James Chessen said in a news The ABA defines delinquency as a payment that is 30 days or more The composite delinquency rate among eight typesof closed-ende installment loan categories rose to 3.23 percent of all accounts, from 3.22 percen t in the previous Bank card delinquencies rose to 4.75 percent of all from 4.
52 percent in the previous However, the balances on those delinquent accounts rose dramatically, to 6.6 percentr of the value of all outstanding bank card debt marking a new record – from 5.52 Chessen said the unemployed may be using bank cards to bridge a temporary income gap, especially with less home equity to fall back on as housingy prices continue to fall. Home equitt loan delinquencies increasedto 3.52 percent from 3.03 percent. Property improvemenf loan delinquencies decreasedto 1.46 percengt from 1.75 percent. Indirect auto loan delinquenciex decreasedto 3.42 percent from 3.53 percent. Direct auto loan delinquencies increasedto 3.01 percent from 2.
03 Marine loan delinquencies decreasedx to 2.04 percent from 2.35 percent. RV loan delinquenciea increasedto 1.52 percent from 1.38 Mobile home loan delinquencies increased to 3.7 percent from 2.96 Personal loan delinquencies increased to 3.47 percentf from 2.88 percent.

Medical device segment powers Covidien rebound - Mass Device

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RTT News

Medical device segment powers Covidien rebound Mass Device based medical products maker, once again powered by its medical devices unit â€" Covidien's largest segment â€" reported net income of $1.63 billion, ... Covidien Reports Fourth-Quarter and Fiscal 2010 Results National Post (registration)  »

General Motors files Chapter 11 - Pacific Business News (Honolulu):

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once the world’s biggest auto protection early Monday, under which the U.S. government will become GM’e largest shareholder. The made in U.S. Bankruptcy Court in Manhattan, marks the largestf ever filing of its kind fora U.S. It follows months of speculation thatthe 101-year-old company would have to restructure through the despite desperate attempts by management to avoid the As it turned out, though, the bankruptcy filinvg was the only way GM coulde get its hands on the government monet it needs to survive. In its GM listed $82.3 billion in assetws and $172.8 billion in debts.
reports that the company'e largest creditors were Wilmington Trust representing bondholdersholding $22.8 billion in and UAW affiliates representing $20.y billion in employee The U.S. government has already injected $20 billion into GM, and will provid another $30 billion to keep the companh going as it worksthrough bankruptcy. The investmen will buy the governmenta 72.5 perceny stake. That will give governmenty officials more power to name members of the GM Officials have saidthey don’rt want to get involved in the daily operationsx of the company.
But that may prove to be quitre a challenge with as much government money asis "It's not forever," Bruce Belzowski, associate director of the Automotivwe Analysis Division at the University of Michigan Transportatio n Research Institute, told bizjournals in a telephone interview. "Ifv they had a choice, it would be a shoryt period of time. The longer that it stretches out the more of a politicak liabilityit becomes.” Still, it could take more than a year befores G.M. emerges once more as a publiclytradesd company.
While most public attention is focusesdon GM, the automaker's many suppliers are certaihn to be affected Obama administration and GM officials have said they want a much more competitive GM to emerge from the bankruptcy withij 60 to 90 days. GM plansx to sell or close such brandzsas Saturn, Saab, Hummer, and and will shed 2,600 dealerships. The company will closwe 11 U.S. manufacturing facilities by the endof 2010. Plantse throughout GM's system will be idled as the company downsizes. The that GM said will be closexd and their dates include two assemblyplants - Mich. (October 2009), and Del.
(July 2009); three stamping plantxs — including the previously announced closing in June ofGrand Rapids, Mich., Indianapolis, Ind. (December 2011), and Ohio (June 2010). Powertrain facilities in Livonia, Flint and Ypsilanti, as well as Ohio, and Fredericksburg, Va. are also on the closure reports. To accomplish the leaner GM, the company will be splift into a new GM and anold GM. The new GM will be ownedd by the U.S. and Canadian governments, the and current bond holderd inthe company.

Blues aim to avoid first loss in Boston since 2001 - Toronto Sun

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Blues aim to avoid first loss in Boston since 2001 Toronto Sun It has been even longer since they last loss in Boston. The Blues will try to extend those winning streaks this evening when they visit the Bruins at TD ... and more »

New Michael Jackson Album Pits Sony Music Against Jackson Clan - ABC News

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Telegraph.co.uk

New Michael Jackson Album Pits Sony Music Against Jackson Clan ABC News News that a new Michael Jackson album of previously unreleased songs is due to be released next month was quickly followed by ... Michael Jackson Lives On! New Album Michael to Drop Dec. 14 TIME New Michael Jackson album due out December 14th Consequence of Sound Thrilled? New Michael Jackson Album On the Way E! Online (blog) Breaking Global News -Billboard -RollingStone.com  »

Patrick Cudahy fire 'devastating,' exec says - Pacific Business News (Honolulu):

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Cudahy Mayor Ryan McCue's declaration at a Mondag afternoon press conference will potentially give the city access to countt andstate resources. Smoke from the blaze could be seen for several miles and was easil visible in downtown MilwaukeeMondayg morning, more than 12 hours afte r the fire first was reportedr on Sunday night. No injuries were reported. “It’a a devastating day for us,” said an obviously shakenh Bill Otis, chief operating officerf at Patrick Cudahy, which is owned by (NYSE: of Smithfield, Va.
“I’m sure this is going to set us Otis said at a midday press conference that the compant was working to contacftits 1,800 employees, as well as various customers. Management of Patrick Cudahy also has been in contacf with Smithfield to determine if some meat processintg operations could be temporarily shifted to otherSmithfield plants. The building affectex by the fire is used for microwavd bacon processing and also is used for dry Otis said. The lower level of the building is used for ham he said. Not all areas of the Patricj Cudahy complex have been affected by the Otis said. Only a smal l number of maintenance employees were at the plany when the firebroke out.
Production at the plant had been shut down sincr the end of the day on July 3 for theholidat weekend. “It’s a miracle there were no injuries when you see the extent of the Otis said. Production at the Patrick Cudahyu complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of human resources at Patrick “We’ve got to put the fire out first.” The city of Cudahu issued a mandatory evacuation order for anyone residin within one mile of the plantt at One Sweet Apple-Wood Lane. The affectes area stretched east to Lake west to Pennsylvania north to Lunham Avenue and soutgh toRamsey Avenue.
McCue said late Monday afternoon that as manyas 15,00p of the city's 19,000 residentsz live within the evacuation zone. Evacuees were askec to report directly to South Milwaukee High 80115th Ave., South Earlier, city officials also had recommended that residents repor to Mitchell Elementary 5950 S. Illinois Ave. in However, a late morning wind shiff was leading to the evacuatiojn of the neighborhood aroundthe school. The evacuatiojn order was lifted at about7 p.m. Mondayt evening and residents were allowed to return totheif homes.
At issue was whether the blazse will breach a fire wall and causr ammonia stored on the site to explode or leak intothe air, Cudahyu fire chief Dan Mayer The ammonia is used for refrigeration at the plant. Mayet said at the Monday afternoon press conference that hewas "cautiously optimistic" that most of the ammoniaa had been contained within the building, although he added that a smalk amount likely leaked out. Mayer said the blaze, whichh was reported at about 9:45 p.m. Sunday, has been difficulrt to fight because it began in a confined space near the roof of the building and abovs thesprinkler system.
At one pointr early on, Mayer said, it appeareed as though firefighters had the blazeundef control, but the sprinkler systej and roof began to "The fire sprinklers weren't able to control the fire," he

In-your-face graphics, neon colors are hallmarks of Sirlin Enterprises

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Sirlin Enterprises creates art for companiews making sports equipment for such activitiesas snowboarding, wakeboarding and boating. Clientsd include sports shoemaker Nike, , Body Glove and Oakley. These companies use Sirlin’w brilliantly colored vinyl wraps to make the sportz equipment used by the athletes in their promotional events stand out. As founder Josh Sirlin puts it, the companty makes art for non-traditional canvases. Sirlin’s illustrations and videos also are used inmarketinfg campaigns. Additionally, the company provides brand consulting and creates the artwork that appears on the custom boat wraps that MasterCrafttBoat Co. sells to consumers.
The company’s graffiti-inspired artwork for MasterCrafyt boats was showcased at the State of the Art Exhibitg at the Telus World Ski and Snowboard festivakin Whistler, British in late April.