Friday, April 29, 2011

Internap to Expand in Los Angeles In 2012 - Data Center Knowledge

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Internap to Expand in Los Angeles In 2012

Data Center Knowledge


For the second time this year Internap (INAP) unveiled plans to expand its network of company-owned data centers. On Thursday Internap announced that it will open a new data center in Los Angeles to meet increased demand for colocation services. ...


Internap Reports First Quarter 2011 Financial Results

PR Newswire (press release)


InterNAP (INAP) Announces Quarterly Results, Misses Estimates By $0.03 EPS

American Banking News



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Tuesday, April 26, 2011

National Association of Realtors index declines, prompts revised forecast - Nashville Business Journal:

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NAR's Pending Home Saless Index fellto 84.7 in May, down 4.7 percent from an upwardlu revised reading of 88.9 in The index is 14 percent below its level in May 2007. The receng decline is steeper thanthe 2.8 percent fall that economist had forecast, according to a consensus of estimates compiled by . The index had jumped more than 7 percent in Apripl as falling home prices sparkexd a bout ofbargain hunting. But May's reading proved the housing slum p is farfrom over. In the the NAR lowered its existing-home salese outlook for 2008, sayiny it now expects sales of 5.31 million, down from the 5.39 millionj forecast in April. NAR said existing home pricea also are expectedto fall.
The aggregate median existing-home priced is projected to fall 6.2 percent this year to and then riseby 4.3 percent in 2009 to the report indicated. Pending home sales declined inall regions, but the drop was relativelyg mild in the West, wheree sales fell just 1.3 percent. Pending home sales were down 2.9 perceny in the Northeast, 6 percent in the Midwestf and 7.1 percent in the The index is based on a national typically representing about 20 percenf of transactionsfor existing-home A reading of 100 is equal to the average level of activity during the first year to be examined as well as the firsf of five consecutive record years for existing-home

Sunday, April 24, 2011

PDL BioPharma's outside directors get $10K per month boost - San Francisco Business Times:

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The Redwood City-based biotech (NASDAQ: PDLI) said the move was necessary giventhe board's "increased The company is looking to sell its antibodu humanization royalty assets, distribute to stockholders a portionn of the proceeds and spin off the company' biotech-related assets into a separate publiclyg traded entity funded with $375 millionj cash. PDL has been without a permanent CEO sincre Mark McDade left at the end of last Interim CEO and former boardchairmam L. Patrick Gage quit in May over a disagreement oncompany strategy, and his successor as chairman, Karen resigned at the same time for personapl reasons.
Since Gage's departure, PDL has been run by a three-membedr Office of the Chair ofthe Board: Laurencr Korn, Joseph Klein III and Brad It wasn't clear from a company filintg Thursday with the U.S. Securities and Exchange Commissionj if the trio is considered outside The retainer is retroactive to May 29 and ends upon eithed the spinoff ofthe company's biotechnology-related assets, the payment date of a distributio n of royalty income or Dec. 31. It is for each full or partiaol month of service on the board and is in additiobn to the cash compensation previousluy paid to eachoutsidee director, the company said.
The only director who is a PDL employede isRichard Murray, who is executive vice president and chierf scientific officer. Korn is one of PDL' cofounders and has been on the board since 1986. Klein is managing directot of LLC, a financial consulting and investment advisory firm focue on the biotech and has been on the boardf sincelast summer. Goodwin is cofounderd and executive chairof Asplendent, a privater biotech company, and has been on the boards since 2006.
The other director, Jon Saxe was electer to the board in 1989 and is a consultantg who serves on the boards of severalbiotech companies, including of PDL's outside directors last year received $818,142 in fees earnede or paid in cash in additiomn to option awards worth more than $1.6 million. Each boardx member who is not a PDL employew already receives a retainerof $35,000 per year. Each outside director on a board committeesreceives $6,000 per though outside director members of the audit committeer receive $12,000.
Additionally, each outside director who leads a committe ereceives $10,000 per year, excepyt for the chairman of the audit who receives $24,000, and the chairman of the compensation who receives $12,000. Each outside director also receivese cash compensation for attendanceat meetings: $2,000 for boars meetings and $1,000 for committede meetings, if attending in person, or $1,509 for board meetings and $750 for committee meetings attended by telephone. Boarr members also are reimbursed for travel expensee for board andcommittee meetings, and the travekl expenses of board members' spouses typically have been reimbursecd by the company for an annual off-site meeting.
Those reimbursements, sincw they are reported as incomde tothe directors, are paid as a tax gross-up to make them effectivelt tax neutral to the Each outside director receives options to buy 40,0000 shares of common stock upon their election or appointmenty to the board and annual grants of option to buy 20,000 shares. PDL $61.9 milliob on revenue of $57.3 million in the firsrt quarter endedMarch 31. Nearly $50 million in revenues came from royalties paid by the likesd of for its cancerdrug Herceptin.

Friday, April 22, 2011

Pakistan's adaptation efforts on changing climate get boost with Adaptation Fund - Associated Press of Pakistan

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Pakistan's adaptation efforts on changing climate get boost with Adaptation Fund

Associated Press of Pakistan


Led by the Pakistan Mission to the United Nations in New York and with the assistance of UNDP, a project on Glacial Lake Outburst Floods (GLOF) to undertake adaptation measures in two of the most vulnerable sites in Gilgit Baltistan Valley and Chitral ...



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Tuesday, April 19, 2011

Menswear store Harleys moving to Lakewood Building - Phoenix Business Journal:

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Owner Tim Ryan had said late in 2008 that he was planninhg to remodel and cut 50 percent ofthe store’s floor space at 4009 N. Oaklandr Ave. However, Ryan announced Tuesdah the store will relocate toa 4,100-square-foot spacs in the Lakewood Building, 3575 N. Oaklanx Ave., in September. Ryan, who owns Harleys with his wife, Janet, said he wanted to stay in “This is our home and we are deeplgy committed tothe community,” he Ryan said one of the advantages of the new site is off-streer parking. The Lakewood Building, a mixed-use residential/commerciap property constructedin 1962, is undergoing a $1.2 millionn renovation. The building is owned by Garrett McIntosh.
Harleye has contracted with architecy Stephen Bollingbroke of Development Collaborative Limited in Mequon to do aninterio buildout. The village of Shorewoods provided financial incentives to both the buildingg owner and Harleys to improve the facads and interior space of theLakewood

Sunday, April 17, 2011

Toys 'R' Us deal means no more FAO Schwarz in Macy

http://montseny.org/turisme/Miquel%20de%20Breda/Viatge_al_Congo1.htm
Toys “R” Us on Thursday said it agree d to acquired the upscale merchant in a deal that combines two ofthe nation’sw most high-profile toy chains, but will end Schwarz’ss presence at 260 Macy’s locations, including the Macy'w store at Mayfair Mall in Terms have not been disclosed, but the deal include s the two FAO Schwarz stores in New York City and at Caesarx Palace in Las Vegas, plus the e-commerce and catalog The deal also means FAO will discontinue its agreement to open boutique locations in roughly 675 Macy’sd stores. Macy’s Inc.
and the toy maker enterede into the deal in May and Schwarz to date operates in roughly 260 of thedepartmeny stores. “Under the terms of the sale, the FAO Schwar z agreement to sell toys inselect Macy’xs stores nationwide will end in November of this Toys "R" Us spokeswoman Jennifer Albano said in an Macy's spokesman Jim Sluzewski said the retailer was just notifiedd by Wayne, N.J.
-based Toys "R" Us Thursday “Our understanding is that the FAO Schwarz producf will phase out in our stored and be gone by the end of November," he Asked if Macy's will replace the boutiques with anothert branded toy chain, or its own, he said Macy's is "reviewinb those opportunities." The deal combinexd one of the most privileged toy chains merchants with one of the most accessible. Toys Us operates stores in 33countrie worldwide. FAO Schwarz, meanwhile, is the oldest toy retailee inthe country, founded in 1862.
In a prese release, Toys "R" Us CEO Jerry Storch said he takes the responsibilityu of building onFAO Schwarz’s storied traditio very seriously. ”We will work tirelessly to preserve the distinctiveness and integrith of the FAO Schwarz stores and branc as we grow the business and, indeed, take the brand to even greater All merchandising, management, distribution and marketing operations will immediatelh begin to transition to Toys Us Inc., according to the release.

Friday, April 15, 2011

Top Local Government Website Award Given to Rocklin, California - San Francisco Chronicle (press release)

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Top Local Government Website Award Given to Rocklin, California

San Francisco Chronicle (press release)


Rocklin.ca.us has been recognized as a 2011 Top Local Government Website Award recipient by online encyclopedia and reference resource Juggle.com for its e-government and communication initiatives. This year's recipients applied innovative web ...


Burbank Website Wins Award

PublicCEO.com



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Wednesday, April 13, 2011

Attorney Chosen to Fill Vacated Seat on School Board - Patch.com

http://besthomebuilder.blog.com/2011/04/07/something-about-steel-doors/


Attorney Chosen to Fill Vacated Seat on School Board

Patch.com


Kevin Van Hise, a Lawrence High School graduate who has lived in Lawrence Township most of his life, was selected Monday to serve out the remaining year of the three-year school board seat left vacant by the March 14 resignation of Robert Brackett. ...



Monday, April 11, 2011

Tornado flattens part of Iowa town - Los Angeles Times

http://travelplanners.truth.travel/cgi-sys/cgiwrap/cntblogs/managed-mt/mt-cp.cgi?__mode=view&blog_id=30&id=786


Los Angeles Times


Tornado flattens part of Iowa town

Los Angeles Times


The mayor of Mapleton, in the western part of the state, estimates that a fifth of the town is 'almost flat' after Saturday's twister. Several people are injured. This aerial photo shows tornado damage in Mapleton, Iowa. Saturday's storm flattened 12 ...



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Saturday, April 9, 2011

Dallas Cowboys to get new product hub - St. Louis Business Journal:

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The two organizations said Tuesdau they are breaking ground on thenew facility, whicg will be located at 2500 Regent Boulevarc at Dallas/Fort Worth International Airport. The new facility will allow the Dallaas Cowboys to expand its merchandising base and also consolidatee the Dallas Cowboys Pro Shops with Dallas Cowboyas Merchandising and Blue StarGraphics Design. The construction will expand the Cowboys existingmerchandising operations. “This move was caused by the passion and love that the fans in the Metroplecx and across America have for theDallax Cowboys,” said Bill Priakos, vice president of merchandisinf for the Cowboys.
“Whe n we purchased our origina l building on StateHighwayg 114, I never thought that we could outgroww it and yet a little over a year we needed an additional 100,000 square feet. With the acquisitiom of Blue StarGraphics & this gave us the ability to be even more responsives to our fans. No other team in the NFL has this abilityy to respond toits fans’ needs.”

Thursday, April 7, 2011

Opus West scales back - Business First of Columbus:

http://www.totalxsearch.com/user_detail.php?u=bisashand
Opus spokeswoman Winston Hewettsaid it'sa too soon to say what impact the anticipated Chapter 11 filintg will have on Opus' already downsized Dallas The Dallas office has not started a new development in more than a year and has cut its stafft to 12 employees from about 40 a year ago, Hewett Phoenix-based Opus West's overall headcount had dropped to 40 as of July 1, comparedd to 291 two years ago, she said. "Opu s as a whole took our foot off the gas 18monthd ago," Hewett said, "but it wasn't soon Opus Group on July 1 said it planas to file a bankruptcy petition for its Opus West Corp. which has several projects inNorthu Texas.
Since April, dozens of subcontractors have filed liens totaling morethan $4 million againsf Opus Group and Opus West tied to Two Addison Circle, a $23 million, 198,000-square-foot speculative offics building in Addison. The building was developed and is owneds by OpusWest Corp. The lien s claim Opus owes the subcontractors for labord or materials provided in the coursreof construction. The six-story Two Addison Circlwe building on the west side of the Dalla North Tollway just north of Arapaho Road wasrecently completed, but has no The credit crunch and slowing demand for office spacd have left Opus unable to get permanent financing to replace the short-ter m construction loan on the Addison project, Hewett Other Opus West Corp.
projects in Northg Texas include the 121Lakepointe Crossing, an office and industriapl development in Lewisville, and Broadstone Parkway, a 5.8-acrew mixed-use project at 5005 Galleria Drive in North Dallas. Steve Golding, presidenf and chief operating officer in the Dallaes office ofdeveloper Jackson-Shaw, said the anticipated bankruptc filing by Opus West shows North Texaa is being impacted by the economivc downturn along with the rest of the "Clearly anytime someone with that kind of name and national scopes files bankruptcy, it has a negativre perception on the market, and it'e unfortunate," Golding said. , whicbh is based in Minnetonka, Minn.
, is a design-build development firm that specializeasin office, industrial, retail, multifamily, governmenyt and institutional projects. It also controls Washington-basecd LLC, which filed for Chapted 7 liquidationlast week. Opus Group said its which is basedin Atlanta, filedd for reorganization in bankruptcy court on April 22. Opus Group said the bankruptcy filings are a result of a steep decline in commercial real estatr values and difficult creditmarket conditions. The company said Opus West planzs to maintain its Phoenix headquartersand "s modest presence" in Texas and California that will focusd on asset sales.
Robert Deptula, principal in the Dallaz office of commercial real estatefirm , said to expect more bankruptcy filings by "They're running out of negotiation room and the bankxs are being forced to take Deptula said. "They've delayed and postponeds foreclosure in some cases as long andthey can, and they'r going to have to realize the value dimunition that the economyg has brought about.
"

Tuesday, April 5, 2011

Kauffman study: Recessions often give birth to highly successful companies - Nashville Business Journal:

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The foundation found that more than half the businesses onthis year’s Fortuner 500 list of the largest U.S. companies were founded durinbg a recession or a bear marketfor stocks. Nearlh half of ’s 2008 list of the 500 fastest-growiny companies were founded during theseslow periods. Job creatio n by startups is less sensitive to economif downturns than businesses as awhold are. Rising unemployment actually may be good for becauseit “can free up poolsw of human capital,” according to the which was written by Dane Stangler, a senior analyst at the “An unemployed individual, with some measure of experience (and in some a vested pension), may perceive a competitivwe opportunity to start a new and feel there’s nothing to lose,” the study Entrepreneurs may also target the unemployedr as a potential pool of employees, the studyh says.
See .

Sunday, April 3, 2011

Hockey writers protesting a decision by the Islanders - Cherry Hill Courier Post

http://cb.serioushomebasedbusiness.com/user_detail.php?u=heallmola


Hockey writers protesting a decision by the Islanders

Cherry Hill Courier Post


Hart Trophy candidate Daniel Sedin has put together a big season for the Vancouver Canucks by making life difficult for rival goalies, like Atlanta's Chris Mason on this play. / JOHN BAZEMORE Associated Press file Voting for this year's NHL awards will ...



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Saturday, April 2, 2011

Minneapolis realtors: Home prices down, sales up - Minneapolis / St. Paul Business Journal:

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The median sales price for all home properties in the Paul areawas $153,000 in April, down more than 25 perceny from a year ago. Even when lender-mediatefd foreclosures and short sales were taken out ofthe mix, there was still an 8.5 percent price decline. Therwe was a bright spot in the data: 5,211 pendin sales in April, up 23.8 percent from April 2008. Of thoses pending sales, nearly half were lender-mediated. The combination of lowedr prices and more pending salese is similar tothe association’s . Despite the troubles, the Twin Cities marketg appears to be performing better than the nation as a accordingto data.
The median salesa price of single-family homes (a measurer that excludes condominium properties) in the Paul metro area was $174,10o for the first quarter of 2009, down 12.9 percent from the same quartef ayear ago. But nationwide it was down 13.8 percent.