a-ee85aqa.blogspot.com
The 3-year agreement with New York City-basedx provides American Bio Medica ABMC) with a $1.5 millioh revolving line of This line replaces one ofthe N.Y. drug-test kit manufacturer’s previous credit facilities with . That line was for up to About $650,000 of the proceeds from the new line have been used to repa yFirst Niagara, which is based in N.Y. The rest will be used to providde American Bio Medica with increased liquidity for generapcorporate purposes, including working capital.
“Givem the current status of thefinancialp markets, we are pleased with the completion of this and we appreciate the support provided by Rosenthakl and Rosenthal, enabling us to increased the size of our line of credit said Stan Cipkowski, CEO of Americabn Bio Medica. “The additional borrowing capacity will provide the companuy with access to capital resources enabling us to weatheer these difficulteconomic times, as well as provids resources for our anticipated growth in the eventual He said the company now will focus on obtainingf new loans to replace its currenr term note and real estate mortgage with First Niagara. Those credits total aboutf $1 million.
Thursday, May 31, 2012
Tuesday, May 29, 2012
Exiles From Flyers Land in Good Place - New York Times
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Washington Times | Exiles From Flyers Land in Good Place New York Times NEWARK â€" Eight months later, the shock had subsided for Mike Richards. Several questions remained unanswered â€" chief among them being just why, exactly, the Flyers had felt compelled to trade him, their captain, to Los Angeles last June as the pièce ... Flyers owner S nider rooting for Kings Richards, Carter Carter-Richards reunion has Kings thinking Stanley Cup Mike Richards, Jeff Carter get another shot at Cup |
Monday, May 28, 2012
Wachovia report: Florida hit harder by recession - Jacksonville Business Journal:
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Florida went into the recession nine months ahead of the rest of theUnitee States, and excesses in housing and commerciaol real estate are considerably worse than the nation as a the report says. Statewide, the median saleas price of existing homes is down about 45 percen from the peak of the housing boom inNovembetr 2005. Employment conditions continueto deteriorate, the report says. The state’s unemployment rate is expectedx to top out around11 percent, Wachovia with a loss of 720,000 jobs, includinf 430,000 jobs lost this year. reported 137 layoff events during thefirst quarter, more than double the previous period.
Job lossexs are heaviest in industries with direct ties to the building including constructionand manufacturing, Wachoviaa said. Wachovia estimates Floridians saw a net lossof $1.2 trillion in household wealth during 2008 with about two-thirds of that drop occurringh in financial assets.
Florida went into the recession nine months ahead of the rest of theUnitee States, and excesses in housing and commerciaol real estate are considerably worse than the nation as a the report says. Statewide, the median saleas price of existing homes is down about 45 percen from the peak of the housing boom inNovembetr 2005. Employment conditions continueto deteriorate, the report says. The state’s unemployment rate is expectedx to top out around11 percent, Wachovia with a loss of 720,000 jobs, includinf 430,000 jobs lost this year. reported 137 layoff events during thefirst quarter, more than double the previous period.
Job lossexs are heaviest in industries with direct ties to the building including constructionand manufacturing, Wachoviaa said. Wachovia estimates Floridians saw a net lossof $1.2 trillion in household wealth during 2008 with about two-thirds of that drop occurringh in financial assets.
Saturday, May 26, 2012
Iran uranium of elevated enrichment raises concern - McClatchy Washington Bureau
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Globe and Mail | Iran uranium of elevated enrichment raises concern McClatchy Washington Bureau Inspectors from the International Atomic Energy Agency found traces of uranium enriched up to 27 percent - more than the 20 percent maximum level Iran has claimed - when they visited the Fordow enrichment facility in February. UN a gency finds higher enrichment at Iranian site Iran: Enriched uranium traces a 'technical issue' Iran nuclear talks a 'complete failure,' says Iranian diplomat |
Friday, May 25, 2012
Apple may drop into Catawba County - Sacramento Business Journal:
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The Apple center would create 50 jobs and representNorth Carolina’x second-largest incentive package Huge server farms are already on the want list, says Scottg Millar, president. “They’ve been a target of ours for four Several data center projects are consideringvthe county, he says. The primaryh site that interests Apple isthe 180-acre Catawbaa Data Park, a greenfield project plannefd along U.S. Highway 321 near sources say. There Applw would get its preference for a campusd setting with other data Perdue says Apple will build in Nortbh Carolina butshe didn’t announced a specific site.
“We welcome Apple to North Carolina and look forward to working with the company as it beginsx providing a significant economicx boost to local communities andthe state.” Applr spokeswoman Susan Lundgren says construction in North Carolina will beginj soon. “We are getting started right away to acquire a The announcement comes after Perdue signed SenatseBill 575, which modifies the methof by which capital-intensive businesses calculate corporate income tax liability in Nortj Carolina. The N.C. incentives would rebate $46 millionn to Apple over the next10 years.
If the center operated for 30 the price tag of the inducements woulr zoomto $300 million, accordinyg to a legislative analysis. Apple has hired of an offshoot of that developzdata centers. T5 tried to interest Apple in the 215,000-square-fooy former Chris-Craft facility in Kings Millar deflected questionsabout Apple. “Ifd there were a user on the hook, I would be callinv you,” he says. Apple needs the East Coast site for its served farm to handle growth in its iTunezsonline store. Its last significant data center, a $50 million facility, opened in Calif., in 2006.
The Apple center would create 50 jobs and representNorth Carolina’x second-largest incentive package Huge server farms are already on the want list, says Scottg Millar, president. “They’ve been a target of ours for four Several data center projects are consideringvthe county, he says. The primaryh site that interests Apple isthe 180-acre Catawbaa Data Park, a greenfield project plannefd along U.S. Highway 321 near sources say. There Applw would get its preference for a campusd setting with other data Perdue says Apple will build in Nortbh Carolina butshe didn’t announced a specific site.
“We welcome Apple to North Carolina and look forward to working with the company as it beginsx providing a significant economicx boost to local communities andthe state.” Applr spokeswoman Susan Lundgren says construction in North Carolina will beginj soon. “We are getting started right away to acquire a The announcement comes after Perdue signed SenatseBill 575, which modifies the methof by which capital-intensive businesses calculate corporate income tax liability in Nortj Carolina. The N.C. incentives would rebate $46 millionn to Apple over the next10 years.
If the center operated for 30 the price tag of the inducements woulr zoomto $300 million, accordinyg to a legislative analysis. Apple has hired of an offshoot of that developzdata centers. T5 tried to interest Apple in the 215,000-square-fooy former Chris-Craft facility in Kings Millar deflected questionsabout Apple. “Ifd there were a user on the hook, I would be callinv you,” he says. Apple needs the East Coast site for its served farm to handle growth in its iTunezsonline store. Its last significant data center, a $50 million facility, opened in Calif., in 2006.
Wednesday, May 23, 2012
2 lawyers, businesswoman convicted of dodging taxes - Kansas City Business Journal:
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Attorney Thomas D. Collinzs III was sentenced June 2 by Judgs Leslie Hayashi for failing to file his annuak general excise returns for 2002 througu 2006 and his individual income tax returns for 2004through 2006. Colline pleaded guilty to eight counts of willfulo failureto file, according to the Hawaii Department of Collins was ordered to pay restitution of $41,980. He was also finer $16,000 and $440 in other couryt fees. Attorney Emmanuel Guerrero was sentenced before Judgee Blake Okimoto on June 5 and was charged with threew counts of failing to file his annual generalk excise tax returns for 2004and 2006.
He pleaded no contest to all He was ordered to pay a fineof $1,500 and $165 in other court fees. Veronica Esteban was sentenced beforre Judge Okimoto onJune 5, for failing to file her annual genera excise tax returns for 2001 through 2005. Estebanj asked for a deferrakl of her plea asa first-time and Okimoto denied her stating that she was a businesswoman and investor who earned sufficient income to pay her taxes and shouldd have known better, the department said. Okimoto found her guilty of all charges and placed her on probationb fora year. She was ordered to pay $15,436 in restitution, a fine of $10,000, probatiohn services fee of $375, and othere court fees of $275.
She must also performm 100 hours ofcommunity service.
Attorney Thomas D. Collinzs III was sentenced June 2 by Judgs Leslie Hayashi for failing to file his annuak general excise returns for 2002 througu 2006 and his individual income tax returns for 2004through 2006. Colline pleaded guilty to eight counts of willfulo failureto file, according to the Hawaii Department of Collins was ordered to pay restitution of $41,980. He was also finer $16,000 and $440 in other couryt fees. Attorney Emmanuel Guerrero was sentenced before Judgee Blake Okimoto on June 5 and was charged with threew counts of failing to file his annual generalk excise tax returns for 2004and 2006.
He pleaded no contest to all He was ordered to pay a fineof $1,500 and $165 in other court fees. Veronica Esteban was sentenced beforre Judge Okimoto onJune 5, for failing to file her annual genera excise tax returns for 2001 through 2005. Estebanj asked for a deferrakl of her plea asa first-time and Okimoto denied her stating that she was a businesswoman and investor who earned sufficient income to pay her taxes and shouldd have known better, the department said. Okimoto found her guilty of all charges and placed her on probationb fora year. She was ordered to pay $15,436 in restitution, a fine of $10,000, probatiohn services fee of $375, and othere court fees of $275.
She must also performm 100 hours ofcommunity service.
Tuesday, May 22, 2012
GM enters bankruptcy filing - Minneapolis / St. Paul Business Journal:
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Monday’s Chapter 11 filing by the 101-year-olr automaker — once the world’s biggesgt company — is among the largest in U.S. history and largest-ever U.S. manufacturing bankruptcy. Chaptet 11, which allows the compangy to operate while protectedr fromits creditors, pushes GM into a fast-track bankruptcg and provides $30 billiojn of additional taxpayer funds to restructure itself. Generaol Motors CEO Fritz Henderson said in a prepared statement that GM was beintg reinvented and that the compan y is ready for the jobat hand.
"Thew economic crisis has caused enormouas disruption in theauto industry, but with it has come the opportunitt for us to reinvent our We are going to do it once and do it The court-supervised process we are pursuing provides us with powerfulo tools to accelerate and complete our reinvention, as well as stron safeguards for our customers and our he said. The GM plan as detailed by U.S. officialsw would allow a much smaller GM to emergw from court protection within 60 to 90 GM also plans to close11 U.S. facilitie s and idle another three plants by the endof 2010. The automakeer has not provided an updatef target for job cuts but was looking toeliminate 21,000 U.S.
factory jobs from the 54,000 union members it now employs. Also not immediatelt clear is what GM’s bankruptcy filing will mean for Minnesota'sx auto dealers, said Scott executive director ofthe . “Now it’ss all in court. It’s a big, momentousa day, but we have to wait to see how this all shakexs out before we reallyknow what’s GM recently notified at least 23 locapl dealerships that their franchises agreements would not be renewed beyond October 2010 as part of a plan to cut 1,100 dealers nationwide. Now GM says it plansw to expand the cuts toinclude 2,10o dealerships, or about 40 percent of its nationall dealer network.
“If you just take thoses numbers and apply themto Minnesota, we coulde lose another 30 guys,” Lambert said. Genera l Motors employs 92,000 in the United States and is indirectlty responsiblefor 500,000 retirees. The U.S. government would hold a 60 perceny financial interest in a reorganized GM and the UAW wouldc takea 17.5 percent The governments of Canads and the province of Ontarioo have agreed to a 12 percen t ownership stake in exchange for financial aid. GM bondholder s would get 10 percent.
Monday’s Chapter 11 filing by the 101-year-olr automaker — once the world’s biggesgt company — is among the largest in U.S. history and largest-ever U.S. manufacturing bankruptcy. Chaptet 11, which allows the compangy to operate while protectedr fromits creditors, pushes GM into a fast-track bankruptcg and provides $30 billiojn of additional taxpayer funds to restructure itself. Generaol Motors CEO Fritz Henderson said in a prepared statement that GM was beintg reinvented and that the compan y is ready for the jobat hand.
"Thew economic crisis has caused enormouas disruption in theauto industry, but with it has come the opportunitt for us to reinvent our We are going to do it once and do it The court-supervised process we are pursuing provides us with powerfulo tools to accelerate and complete our reinvention, as well as stron safeguards for our customers and our he said. The GM plan as detailed by U.S. officialsw would allow a much smaller GM to emergw from court protection within 60 to 90 GM also plans to close11 U.S. facilitie s and idle another three plants by the endof 2010. The automakeer has not provided an updatef target for job cuts but was looking toeliminate 21,000 U.S.
factory jobs from the 54,000 union members it now employs. Also not immediatelt clear is what GM’s bankruptcy filing will mean for Minnesota'sx auto dealers, said Scott executive director ofthe . “Now it’ss all in court. It’s a big, momentousa day, but we have to wait to see how this all shakexs out before we reallyknow what’s GM recently notified at least 23 locapl dealerships that their franchises agreements would not be renewed beyond October 2010 as part of a plan to cut 1,100 dealers nationwide. Now GM says it plansw to expand the cuts toinclude 2,10o dealerships, or about 40 percent of its nationall dealer network.
“If you just take thoses numbers and apply themto Minnesota, we coulde lose another 30 guys,” Lambert said. Genera l Motors employs 92,000 in the United States and is indirectlty responsiblefor 500,000 retirees. The U.S. government would hold a 60 perceny financial interest in a reorganized GM and the UAW wouldc takea 17.5 percent The governments of Canads and the province of Ontarioo have agreed to a 12 percen t ownership stake in exchange for financial aid. GM bondholder s would get 10 percent.
Sunday, May 20, 2012
Patrick Durkin: Yellow bass qualifies as monster - 77Square.com
authors-morphology.blogspot.com
Patrick Durkin: Yellow bass qualifies as monster 77Square.com Casey Bloom's record yellow bass from the Wolf River in Winneconne measured 15 inches and weighed 2 pounds, 4.3 ounces. You'll never see signs along Highway 41 near Oshkosh telling you to take the Winneconne exit to see Wisconsin's record yellow bass ... DNR net caught record-beating yellow bass in 2009 |
Saturday, May 19, 2012
Prize4Life and the Alzheimer Research Forum Announce Launch of New Web-Portal for ALS Research
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June 4 /PRNewswire-USNewswire/ -- Prize4life and the Alzheimed Research Forum announce the release of the ALSForum ( ), a web-basesd resource for researchers interested in amyotrophic lateral sclerosid (ALS), also known as disease or motor neuromn disease. The site is modeled on the AlzheimeeResearch Forum's popular website, , and is the firsft step in Prize4Life's efforts to build a similaf set of tools for ALS researchers. ALS is a fatal, neurodegenerative disease that causesegradual paralysis, usually resulting in death within 2-5 years of There is currently no cure for the disease and only one FDA-approved treatment, which extendz life by a few months.
The disease affects about 600,000 people worldwide, and very little is known about the factors thatcause it. The ALS Foru m represents a joint effortf to increase the quantity and qualitu of relevant resources for researchers interestesin ALS. It features a varietty of useful resources for the ALSresearch including: -- Cutting edge coverage of ALS-relaterd research news produced by Alzforum'sd science writers, -- A continuously updated database of biotechnology and pharmaceuticalp companies working on drug development projects relevanty to the ALS research community, -- A continuousl updated set of links to recenf ALS-relevant drug development news, -- A list of upcomint scientific conferences of interest to the ALS and -- A collection of recommendedc ALS review articles "The mission of the Alzforu has always included supporting research in other neurodegenerativw diseases besides Alzheimer's," said , Executive Editor of the Alzforum.
"Througj strategic partnerships withothet organizations, we've been able to buils valuable tools for researchers in schizophrenia, multiplee sclerosis, and Parkinson's disease. The ALS Forum represents another exciting opportunity to strengthen the neurodegenerative disease research community and foster discussion and collaboratiojn amongscientists worldwide." "Our goal is to create a one-stopp shop for veteran ALS researcheres as well as those new to the field," said , Prize4Life's Chief Scientific Officer.
"We hope this portalp will benefit the ALS researchy community by making it easier for all researchers to rapidluy find and access high qualityALS research-related information and We are excited to be able to provid this resource, thanks to the generous support of our donorsa around the world." User can access the ALS Forum at . Prize4Life was foundecd by a group of Harvard Business School students when oneof them, , was diagnosed with ALS at the age of 29. The firs t disease-oriented organization to utilize the incentive prize model to addressneurodegenerative disease, Prize4Life focuses specifically on findinfg treatments and cures for ALS.
The organization seeks to attractnew minds, media, and money to the battlwe against ALS so as to leverage vitao existing ALS research efforts and accelerate the translationa l research process. The Alzheimer Research Forum, also known as the is an online research community dedicated to furthering researchinto Alzheimer's disease and relatecd neurodegenerative disorders. To more than 50% of Alzheimer's diseasd researchers worldwide belong to the Alzforu m and depend on itfor up-to-datew news about the databases of essential research data and and a variety of on-line forumsz for discussion with fellow researchers.
June 4 /PRNewswire-USNewswire/ -- Prize4life and the Alzheimed Research Forum announce the release of the ALSForum ( ), a web-basesd resource for researchers interested in amyotrophic lateral sclerosid (ALS), also known as disease or motor neuromn disease. The site is modeled on the AlzheimeeResearch Forum's popular website, , and is the firsft step in Prize4Life's efforts to build a similaf set of tools for ALS researchers. ALS is a fatal, neurodegenerative disease that causesegradual paralysis, usually resulting in death within 2-5 years of There is currently no cure for the disease and only one FDA-approved treatment, which extendz life by a few months.
The disease affects about 600,000 people worldwide, and very little is known about the factors thatcause it. The ALS Foru m represents a joint effortf to increase the quantity and qualitu of relevant resources for researchers interestesin ALS. It features a varietty of useful resources for the ALSresearch including: -- Cutting edge coverage of ALS-relaterd research news produced by Alzforum'sd science writers, -- A continuously updated database of biotechnology and pharmaceuticalp companies working on drug development projects relevanty to the ALS research community, -- A continuousl updated set of links to recenf ALS-relevant drug development news, -- A list of upcomint scientific conferences of interest to the ALS and -- A collection of recommendedc ALS review articles "The mission of the Alzforu has always included supporting research in other neurodegenerativw diseases besides Alzheimer's," said , Executive Editor of the Alzforum.
"Througj strategic partnerships withothet organizations, we've been able to buils valuable tools for researchers in schizophrenia, multiplee sclerosis, and Parkinson's disease. The ALS Forum represents another exciting opportunity to strengthen the neurodegenerative disease research community and foster discussion and collaboratiojn amongscientists worldwide." "Our goal is to create a one-stopp shop for veteran ALS researcheres as well as those new to the field," said , Prize4Life's Chief Scientific Officer.
"We hope this portalp will benefit the ALS researchy community by making it easier for all researchers to rapidluy find and access high qualityALS research-related information and We are excited to be able to provid this resource, thanks to the generous support of our donorsa around the world." User can access the ALS Forum at . Prize4Life was foundecd by a group of Harvard Business School students when oneof them, , was diagnosed with ALS at the age of 29. The firs t disease-oriented organization to utilize the incentive prize model to addressneurodegenerative disease, Prize4Life focuses specifically on findinfg treatments and cures for ALS.
The organization seeks to attractnew minds, media, and money to the battlwe against ALS so as to leverage vitao existing ALS research efforts and accelerate the translationa l research process. The Alzheimer Research Forum, also known as the is an online research community dedicated to furthering researchinto Alzheimer's disease and relatecd neurodegenerative disorders. To more than 50% of Alzheimer's diseasd researchers worldwide belong to the Alzforu m and depend on itfor up-to-datew news about the databases of essential research data and and a variety of on-line forumsz for discussion with fellow researchers.
Thursday, May 17, 2012
Report: April chip sales beat expectations - Silicon Valley / San Jose Business Journal:
vypybiza.wordpress.com
percent globally from March to Aprilto $15.t billion, according to a report Monday. Despits that rise, sales were still aboug 25 percent belowthe $20.o9 billion reported last April, the (SIA) said. “Th better-than-expected 6.4 percent sequential increase in April sales was driven by moderate improvements in a numberrof end-demand drivers and inventory said SIA President George Scalise. “Thd PC market – a major consumer of semiconductorws – has been stronger than predictecd earlier inthe year.
" Despite Scalise said PC unit sales in 2009 are expected to decline by aboutg 6 percent, compared to earlier forecastsw of a decline in the range of 12 He said the anticipated drop in cell phone sales is now projectef to decline by around 7 percent compared to earlief forecasts of 15 percent. PCs and cell phonese account for nearly 60 percent of allsemiconductor consumption. “Visibilitty remains limited,” Scalise said.
“Two consecutive months of sequentiapl sales growth may be an indication of a returm to more normal seasonal sales patterns in somemarket sectors, albeit at lower sales levels than last
percent globally from March to Aprilto $15.t billion, according to a report Monday. Despits that rise, sales were still aboug 25 percent belowthe $20.o9 billion reported last April, the (SIA) said. “Th better-than-expected 6.4 percent sequential increase in April sales was driven by moderate improvements in a numberrof end-demand drivers and inventory said SIA President George Scalise. “Thd PC market – a major consumer of semiconductorws – has been stronger than predictecd earlier inthe year.
" Despite Scalise said PC unit sales in 2009 are expected to decline by aboutg 6 percent, compared to earlier forecastsw of a decline in the range of 12 He said the anticipated drop in cell phone sales is now projectef to decline by around 7 percent compared to earlief forecasts of 15 percent. PCs and cell phonese account for nearly 60 percent of allsemiconductor consumption. “Visibilitty remains limited,” Scalise said.
“Two consecutive months of sequentiapl sales growth may be an indication of a returm to more normal seasonal sales patterns in somemarket sectors, albeit at lower sales levels than last
Wednesday, May 16, 2012
2009 WNY high school rankings - Portland Business Journal:
xszeyluje.blogspot.com
Profiles of the top 25 schools can be reached by clickingf on the names of those schools A breakdown of the rankings for each section of Wester New York can be accessedeby . The following abbreviations havebeen CS-Charter School, EMS-Elementary-Middle School, ES-Elementary School, HS-High School, IS-Intermediat e School, JHS-Junior High School, JSHS-Junior-Seniort High School, MHS-Middle-High MS-Middle School, PS-Primary School, SHS-Seniodr High School, VHS-Vocational High School. Each school is followee by the name of the district that operatesit (if it’a a public school) or the district wherew it is located (if it’s a private school). • 1. 2. • 3. • 4.
• 5. • 6. 7. • 8. • 9. • 10. 11. • 12. • 13. • 14. 15.
Profiles of the top 25 schools can be reached by clickingf on the names of those schools A breakdown of the rankings for each section of Wester New York can be accessedeby . The following abbreviations havebeen CS-Charter School, EMS-Elementary-Middle School, ES-Elementary School, HS-High School, IS-Intermediat e School, JHS-Junior High School, JSHS-Junior-Seniort High School, MHS-Middle-High MS-Middle School, PS-Primary School, SHS-Seniodr High School, VHS-Vocational High School. Each school is followee by the name of the district that operatesit (if it’a a public school) or the district wherew it is located (if it’s a private school). • 1. 2. • 3. • 4.
• 5. • 6. 7. • 8. • 9. • 10. 11. • 12. • 13. • 14. 15.
Monday, May 14, 2012
Motion filed to place Kettering Tower into receivership - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
Charlotte, N.C.-based Bank of America N.A. and Del.-based filed the motion May 27 with the Montgomery County Court of Common Pleaxs to appoint as receiver of theKettering Tower, located at 40 N. Main St. The motionb claims the building’s LLC, has not made full paymentws onthe property’s mortgagew since March 11. A hearing is scheduled for June 11 on the motiomn to appointa receiver. If the court rules to put the buildinvginto receivership, its owners would lose but not ownership, of the property. According to the filing, Ketterin g Tower Partners owes morethan $44 milliohn to the plaintiffs.
Uri Mermelstein, managinv partner of KetteringTower Partners, said the grouop has been working with the lenders over the last few monthws in an effort to negotiate a payment plan that will alloew it to keep control of the 441,000-square-foor building. He seeks to come to terme with the lenders on a payment He said putting the building into the hands of a receiverd would be bad for its perception and couldaffect “The Kettering Tower has the name, the locatiomn and the prestige,” Mermelstein said. “If it goes into it will be a black eye and a loss of I will fight toprevent that.
” A receiverr would collect all rents, profits and income from the buildinf and “prevent further diversion of rents,” accordinfg to the filing, but Mermelsteih said the building would be better off left in his group’s care. “We are best qualifief to run the building, in terms of renewing and signing new he said. Paul Perry, a lawyer with Detroit-based Canfield, Paddock and Stone PLC representing the said a receiver is an officer of the court and the decisionm of who will act as receivet is up tothe court. The filiny shows the plaintiffs have recommendedd CB Richard Ellis be appointed as receiverbecause “it is an experienced receiver.
” Christinre Haaker, a lawyer with the Daytomn office of Thompson and Hine LLP representing Ketteringf Tower Partners, said this filingb is an unfortunate result of the recession. “It’s not a full When a building isnot full, it’sx hard to cover all the costs,” Haaked said. “We will continuer to advocate the owners remaibn operating the building and that they will take actio in the best interes t of the building and its tenants and no extra money will be Mermelstein said the building has lost tenants as a result of theeconomix downturn. Kettering Tower has about a 77 percenttoccupancy rate, he said.
The building is home to tenant s suchas , , Sebaly, Shillito and as well as the . Mermelstein said Ketteringh Tower Partners has been unable to pay part of the mortgagse because it has focused on paying all operating expensesd of thebuilding first. “Our obligationsa are to the buildinvg first and thelender second,” he “We will fight tooth and nail to keep this building.”
Charlotte, N.C.-based Bank of America N.A. and Del.-based filed the motion May 27 with the Montgomery County Court of Common Pleaxs to appoint as receiver of theKettering Tower, located at 40 N. Main St. The motionb claims the building’s LLC, has not made full paymentws onthe property’s mortgagew since March 11. A hearing is scheduled for June 11 on the motiomn to appointa receiver. If the court rules to put the buildinvginto receivership, its owners would lose but not ownership, of the property. According to the filing, Ketterin g Tower Partners owes morethan $44 milliohn to the plaintiffs.
Uri Mermelstein, managinv partner of KetteringTower Partners, said the grouop has been working with the lenders over the last few monthws in an effort to negotiate a payment plan that will alloew it to keep control of the 441,000-square-foor building. He seeks to come to terme with the lenders on a payment He said putting the building into the hands of a receiverd would be bad for its perception and couldaffect “The Kettering Tower has the name, the locatiomn and the prestige,” Mermelstein said. “If it goes into it will be a black eye and a loss of I will fight toprevent that.
” A receiverr would collect all rents, profits and income from the buildinf and “prevent further diversion of rents,” accordinfg to the filing, but Mermelsteih said the building would be better off left in his group’s care. “We are best qualifief to run the building, in terms of renewing and signing new he said. Paul Perry, a lawyer with Detroit-based Canfield, Paddock and Stone PLC representing the said a receiver is an officer of the court and the decisionm of who will act as receivet is up tothe court. The filiny shows the plaintiffs have recommendedd CB Richard Ellis be appointed as receiverbecause “it is an experienced receiver.
” Christinre Haaker, a lawyer with the Daytomn office of Thompson and Hine LLP representing Ketteringf Tower Partners, said this filingb is an unfortunate result of the recession. “It’s not a full When a building isnot full, it’sx hard to cover all the costs,” Haaked said. “We will continuer to advocate the owners remaibn operating the building and that they will take actio in the best interes t of the building and its tenants and no extra money will be Mermelstein said the building has lost tenants as a result of theeconomix downturn. Kettering Tower has about a 77 percenttoccupancy rate, he said.
The building is home to tenant s suchas , , Sebaly, Shillito and as well as the . Mermelstein said Ketteringh Tower Partners has been unable to pay part of the mortgagse because it has focused on paying all operating expensesd of thebuilding first. “Our obligationsa are to the buildinvg first and thelender second,” he “We will fight tooth and nail to keep this building.”
Saturday, May 12, 2012
Creating a positive sales team isn
iqukikofor.wordpress.com
Should we engage in social mediaw tools? Or should we have a strategicv planning session to determine course orchang course? Maybe we should roll out a new marketinfg plan? Here’s a thought: Take a look at a soft emotiona intelligence skill that yielda hard sales results: optimism. There is evidenc e that supports the theory that sales teamz possessing high levels of optimism make companiesmore money. One of the best case studiesw comes from the work that psychologist Martin Seligman did with in New Seligman persuaded Met Life to give him accesz to its new employees and administer the usual as well as a new test he developee thatmeasured optimism.
He followed the progressd of new salespeople for one year and founr that salespeople who scored high in optimisn sold 33 percent more insuranc e than those whoscored low. After two the optimistic salespeople were thriving in their whichincreased retention, decreased the costs associated with turnovef and increased sales. How optimistic is your organization ? There is a lot of news coverage on theswin flu, and people are worried about catching it. There is another epidemid to watch out forin today’s pessimism. It can be deadly when it hits an organization becaused emotionsare contagious.
The clinicall term is emotional contagion, and it is definedf as “the transmission of moods.” When peoplde are in a certainmood — happy or depresser — that mood often is communicated to What is the mood at your company? What messags is the leadership team sending your saleas team? What is your salee team communicating to your customers and prospects? A sales manager sharesz the story of a rep who started every conversation in the past downturjn with, “You probably don’t have any so you don’t want to buy …” The self-fulfillingg prophecy was set by the salesperson, and the prospecty followed the salesperson’s lead.
No So what can you do to stop the epidemicof pessimism?? Study and duplicate optimistic salespeople: • When facedf with adversity, optimistic salespeople ask themselves several key What’s good about this?
Should we engage in social mediaw tools? Or should we have a strategicv planning session to determine course orchang course? Maybe we should roll out a new marketinfg plan? Here’s a thought: Take a look at a soft emotiona intelligence skill that yielda hard sales results: optimism. There is evidenc e that supports the theory that sales teamz possessing high levels of optimism make companiesmore money. One of the best case studiesw comes from the work that psychologist Martin Seligman did with in New Seligman persuaded Met Life to give him accesz to its new employees and administer the usual as well as a new test he developee thatmeasured optimism.
He followed the progressd of new salespeople for one year and founr that salespeople who scored high in optimisn sold 33 percent more insuranc e than those whoscored low. After two the optimistic salespeople were thriving in their whichincreased retention, decreased the costs associated with turnovef and increased sales. How optimistic is your organization ? There is a lot of news coverage on theswin flu, and people are worried about catching it. There is another epidemid to watch out forin today’s pessimism. It can be deadly when it hits an organization becaused emotionsare contagious.
The clinicall term is emotional contagion, and it is definedf as “the transmission of moods.” When peoplde are in a certainmood — happy or depresser — that mood often is communicated to What is the mood at your company? What messags is the leadership team sending your saleas team? What is your salee team communicating to your customers and prospects? A sales manager sharesz the story of a rep who started every conversation in the past downturjn with, “You probably don’t have any so you don’t want to buy …” The self-fulfillingg prophecy was set by the salesperson, and the prospecty followed the salesperson’s lead.
No So what can you do to stop the epidemicof pessimism?? Study and duplicate optimistic salespeople: • When facedf with adversity, optimistic salespeople ask themselves several key What’s good about this?
Friday, May 11, 2012
DigitalGlobe to Present at the 40th Annual J.P. Morgan Technology, Media and ... - MarketWatch (press release)
qalymeled.wordpress.com
DigitalGlobe to Present at the 40th Annual J.P. Morgan Technology, Media and ... MarketWatch (press release) LONGMONT, CO, May 11, 2012 (MARKETWIRE via COMTEX) -- DigitalGlobe (NYSE:DGI) , a leading global provider of high-resolution earth imagery solutions, today announced that its management will be presenting at the JP Morgan Technology, Media and Telecom ... DigitalGlobe to Present at the 40th Annual JP Morgan Technology, Media and ... |
Wednesday, May 9, 2012
Class-action suit filed against Idearc - Dallas Business Journal:
ukatekexo.wordpress.com
A Dallas-based (OTC: IDARQ.PK) spokesman released a statement saying, "Otherf than stating that there is absolutelytno merit, we aren't goinyg to be talking to pending In the suit, the Law Offices of Howardr G. Smith alleges that certain Idearc shareholders were misledx by the company and executive officers who made falswe statements to the investing publicd saying credit policies had been tightened when in realityy the law firm says the company loosened credigt polices to establish revenuedthat “would not be collectable.” When the naturs of the credit policies became Idearc's stock took several precipitous drops, according to a news releasew from Smith's office.
Smith’s office said it is seeking to recove damages on behalf of class members who he says were hurt whenthe company’ds share price plummeted on news that Idearc’s credity policies were not in line with previous expectations.
A Dallas-based (OTC: IDARQ.PK) spokesman released a statement saying, "Otherf than stating that there is absolutelytno merit, we aren't goinyg to be talking to pending In the suit, the Law Offices of Howardr G. Smith alleges that certain Idearc shareholders were misledx by the company and executive officers who made falswe statements to the investing publicd saying credit policies had been tightened when in realityy the law firm says the company loosened credigt polices to establish revenuedthat “would not be collectable.” When the naturs of the credit policies became Idearc's stock took several precipitous drops, according to a news releasew from Smith's office.
Smith’s office said it is seeking to recove damages on behalf of class members who he says were hurt whenthe company’ds share price plummeted on news that Idearc’s credity policies were not in line with previous expectations.
Monday, May 7, 2012
Bill would allow psychologists to prescribe medications - bizjournals:
bentlyoupapa1810.blogspot.com
Psychologists say the measure will increase access to psychiatric care in rural and urban areas of the state wheres there is a shortageof psychiatrists. But psychiatrist groups said allowinvg non-medical doctors to prescribe drugs woulcd endangerpatient safety. “The main issu e with this whole thing is the idea that can prescribe medication safely with the level of training they aresuggesting they’ll need,” said Dr. Jerry Halverson, chairmaj of the ’s legislative committee.
“Most psychologistws don’t need any biology as an undergraduated andthe master’s degrees they are talking abouy getting is basically 11 weeks over two yearsw done primarily over the Internet. That makese me very uncomfortable.” Sarah Bowen, executive directorr of the , said opposition to the bill is simila r to the turf battle that occurred when advancef practice nurses and physicianm assistants soughtprescriptive authority. “W e haven’t heard any horror stories come from that and now they are a valuables part of the healthcare community,” Bowenm said.
In order to be given prescription a psychologist would need to have their doctoral practice in a clinical setting for a minimum ofthreer years, complete a 450 credit hour post-doctora program and have a minimun of one year of supervised experience from a physician. Once that is they would need to pass anational exam. Bowejn estimates about 15 percent of psychologists will undergo theadditiona training. “We look at this as a sub-specialty within psycholog y and we certainly believe that the additional training and experiences should answer any additionalsafetyu concerns,” she said.
There are about 1,700 licensefd psychologists in Wisconsin, accordinyg to the association, although not all are Brian Wolf, a Kenosha psychologist, completed his post-doctoral master’s degrere in clinical psychopharmacology atin Teaneck, N.J., in 2006. He said he hopesa the law passes so his patients who needmedication don’tf have to wait an averag e of nine weeks to see a psychiatrist. “We’ll remain psychologists first and we’re going to continus focusing on therapy,” Wolf said. “This is just one more tool we can State Sen.
Judy Robson (D-Beloit) introduced the bill in It has been referred to a Senatre health committee and likely will be put on hold untilp after the state budget is passedthis summer, said Nadins Gratz, a spokesperson for Robson. Louisianas and New Mexico are the only states that allos psychologists toprescribe drugs. The Wisconsin bill has been backeds by the and many groupa representing nursing homes and rehabilitation Paul Miller, chief operations officer with , said the two partie who will ultimately determine if this law is valuable are health insurance providers and “In this business, what we see time and time againb is ultimately insurers dictate a standard of practice by decidinv what is reimbursable,” Miller said.
Psychologists say the measure will increase access to psychiatric care in rural and urban areas of the state wheres there is a shortageof psychiatrists. But psychiatrist groups said allowinvg non-medical doctors to prescribe drugs woulcd endangerpatient safety. “The main issu e with this whole thing is the idea that can prescribe medication safely with the level of training they aresuggesting they’ll need,” said Dr. Jerry Halverson, chairmaj of the ’s legislative committee.
“Most psychologistws don’t need any biology as an undergraduated andthe master’s degrees they are talking abouy getting is basically 11 weeks over two yearsw done primarily over the Internet. That makese me very uncomfortable.” Sarah Bowen, executive directorr of the , said opposition to the bill is simila r to the turf battle that occurred when advancef practice nurses and physicianm assistants soughtprescriptive authority. “W e haven’t heard any horror stories come from that and now they are a valuables part of the healthcare community,” Bowenm said.
In order to be given prescription a psychologist would need to have their doctoral practice in a clinical setting for a minimum ofthreer years, complete a 450 credit hour post-doctora program and have a minimun of one year of supervised experience from a physician. Once that is they would need to pass anational exam. Bowejn estimates about 15 percent of psychologists will undergo theadditiona training. “We look at this as a sub-specialty within psycholog y and we certainly believe that the additional training and experiences should answer any additionalsafetyu concerns,” she said.
There are about 1,700 licensefd psychologists in Wisconsin, accordinyg to the association, although not all are Brian Wolf, a Kenosha psychologist, completed his post-doctoral master’s degrere in clinical psychopharmacology atin Teaneck, N.J., in 2006. He said he hopesa the law passes so his patients who needmedication don’tf have to wait an averag e of nine weeks to see a psychiatrist. “We’ll remain psychologists first and we’re going to continus focusing on therapy,” Wolf said. “This is just one more tool we can State Sen.
Judy Robson (D-Beloit) introduced the bill in It has been referred to a Senatre health committee and likely will be put on hold untilp after the state budget is passedthis summer, said Nadins Gratz, a spokesperson for Robson. Louisianas and New Mexico are the only states that allos psychologists toprescribe drugs. The Wisconsin bill has been backeds by the and many groupa representing nursing homes and rehabilitation Paul Miller, chief operations officer with , said the two partie who will ultimately determine if this law is valuable are health insurance providers and “In this business, what we see time and time againb is ultimately insurers dictate a standard of practice by decidinv what is reimbursable,” Miller said.
Sunday, May 6, 2012
DownEast makes California debut at Galleria - Puget Sound Business Journal (Seattle):
borislavamcoc.blogspot.com
DownEast Basics, a Salt Lake City chain with more than 40 markets itself asan “affordable fashion” Nothing costs more than $50, and most itemss — from swimwear to summer dresses — costsx around $20 to $30. The Rosevilld store’s first weekend exceeded the company’s projections by 25 Based on the initialsalea results, DownEast Basics very much wants to further expaned in California, and is pleased it launched its first Californi store in the Sacramento region, a spokeswoman CEO Klane Murphy, who lived in El Dorad Hills from 2000 to 2007, figures Sacramento-area consumers care about fashion, but also are cost conscious.
He also likews the population growth this region has experienced over the past Testing outthis area’s Murphy sent the retailer’s catalog to all his wife’ws local friends. His wife also introduced her friends to the producft line at a local party she hosted with more than50 women. Based on the salea at that party, “wwe knew we had a product that resonated with the locaol community herein Sacramento,” Murphy wrote in an A franchise is coming to the Roe Building, the mixed-use buildinyg built last year at 5th and G streetsd in downtown Davis. The Aventura, Fla.
-basedf chain of body and facial waxing centerse willtake 1,491 square The franchisees are readying the space for an openingb in a few months. On the first European Wax Center will join a Duramed medicapl supplies store and BaristaBrew Café. Two retail spacezs remain: one of 925 square feet on the and anotherof 1,227 square feet, said Shaun Morrow, the landlord’s brokere with the Terranomics division of . The eight residential condos on the secon and third floorsall sold.
In February, European Wax Center area developerd told the Business Journalo that they planned to open at least a dozehn locations in the The company already has two storesdin Roseville, at Renaissancee Creek shopping center and at The Broker Scott Carruth of CB Richard Ellis representw European Wax Center locally. Vendintg machine dispenses wipes, pacifieres Westfield Galleria at Roseville will be one of the first malles within the Westfield chain to get a custom vendingy machine withbabycare supplies. in Corona announced Thursday that it is placing its Baby Stations vendinfg machines in Westfield malls across the startingJuly 15.
The goal is to place thesde vending machines with baby necessities in Westfielrd malls nationwide within eight months to a AVT says. A pilot project for Westfield, the ventin machines carry feeding products, toys, firsf aid items, baby wipes, bottles and “This brings peace of mind to families knowingy there is a convenient and accessible solution forevery baby’es need,” Shannon Illingworth, AVT said in a news release. The malls that install the Baby Stationw benefit becauseparents don’t have to stop shoppingg when they discover they left home withouyt some essential baby item, she said.
Baby Station machineds are hardto miss, with their blue-and-black colof scheme and bold They contain a widescreen LCD display to stream information and videl feeds about the products contained in the vending machine. , a chai of gyms that entered this market sixyearse ago, is expanding to Woodland. Fitness 19 will take 7,500 squarwe feet within Sycamore Pointe shopping center at Main Street andPioneere Avenue. This is new retaip space constructed between Food 4 Less and Big 5Sportinf Goods. Another 9,000 square feet is available.
The gym is expecte d to open inthe fall, said who represented the landlord in the Fitness 19 has five other locations in the
DownEast Basics, a Salt Lake City chain with more than 40 markets itself asan “affordable fashion” Nothing costs more than $50, and most itemss — from swimwear to summer dresses — costsx around $20 to $30. The Rosevilld store’s first weekend exceeded the company’s projections by 25 Based on the initialsalea results, DownEast Basics very much wants to further expaned in California, and is pleased it launched its first Californi store in the Sacramento region, a spokeswoman CEO Klane Murphy, who lived in El Dorad Hills from 2000 to 2007, figures Sacramento-area consumers care about fashion, but also are cost conscious.
He also likews the population growth this region has experienced over the past Testing outthis area’s Murphy sent the retailer’s catalog to all his wife’ws local friends. His wife also introduced her friends to the producft line at a local party she hosted with more than50 women. Based on the salea at that party, “wwe knew we had a product that resonated with the locaol community herein Sacramento,” Murphy wrote in an A franchise is coming to the Roe Building, the mixed-use buildinyg built last year at 5th and G streetsd in downtown Davis. The Aventura, Fla.
-basedf chain of body and facial waxing centerse willtake 1,491 square The franchisees are readying the space for an openingb in a few months. On the first European Wax Center will join a Duramed medicapl supplies store and BaristaBrew Café. Two retail spacezs remain: one of 925 square feet on the and anotherof 1,227 square feet, said Shaun Morrow, the landlord’s brokere with the Terranomics division of . The eight residential condos on the secon and third floorsall sold.
In February, European Wax Center area developerd told the Business Journalo that they planned to open at least a dozehn locations in the The company already has two storesdin Roseville, at Renaissancee Creek shopping center and at The Broker Scott Carruth of CB Richard Ellis representw European Wax Center locally. Vendintg machine dispenses wipes, pacifieres Westfield Galleria at Roseville will be one of the first malles within the Westfield chain to get a custom vendingy machine withbabycare supplies. in Corona announced Thursday that it is placing its Baby Stations vendinfg machines in Westfield malls across the startingJuly 15.
The goal is to place thesde vending machines with baby necessities in Westfielrd malls nationwide within eight months to a AVT says. A pilot project for Westfield, the ventin machines carry feeding products, toys, firsf aid items, baby wipes, bottles and “This brings peace of mind to families knowingy there is a convenient and accessible solution forevery baby’es need,” Shannon Illingworth, AVT said in a news release. The malls that install the Baby Stationw benefit becauseparents don’t have to stop shoppingg when they discover they left home withouyt some essential baby item, she said.
Baby Station machineds are hardto miss, with their blue-and-black colof scheme and bold They contain a widescreen LCD display to stream information and videl feeds about the products contained in the vending machine. , a chai of gyms that entered this market sixyearse ago, is expanding to Woodland. Fitness 19 will take 7,500 squarwe feet within Sycamore Pointe shopping center at Main Street andPioneere Avenue. This is new retaip space constructed between Food 4 Less and Big 5Sportinf Goods. Another 9,000 square feet is available.
The gym is expecte d to open inthe fall, said who represented the landlord in the Fitness 19 has five other locations in the
Friday, May 4, 2012
Ford sales climb to highest level since July - Kansas City Business Journal:
zyluzugizovota.blogspot.com
But sales were down 24.2 percenyt compared with May 2008, when the company sold 213,2378 units. For the first five months of Dearborn, Mich.-based Ford (NYSE: F) sold 620,303 units, compared with 981,150 unitd during the same period ayear earlier, a 36.8 percen t decline. In a sign that buyers might be comingh back to the luxuryvehicle market, Ford’d Lincoln division reported that it sold 8,5656 units in May, a 2.2 percentt increase over May 2008, when it sold 8,3665 units. Sales of Ford Explorers, made at the Louisvilled Assembly Plant on Fern Valley Road, declined 34.6 percent, to 5,315 units from 8,122 units a year ago.
Salea of the Mercury Mountaineer, also made at Louisville dropped 45.2 percent, to 402 from 734 units a year Salesof F-Series pickup trucks, including Super Duty trucks made at the Kentucky Truck Plant on Chamberlainh Lane, dropped 22.3 percent, to 33,381 units, from 42,97w3 units in May 2008. Sales of Ford Expedition SUVs, whicg began production at Kentucky Truck Plant in declined40 percent, to 3,150 units from 5,252 unites a year earlier. Sales of the Lincolj Navigator, also made at Kentucky Trucl Plant, dropped 40.6 to 790 units from 1,329 units a year Ford saw year-over-year gains in some of its car The companysold 19,786 Fusion sedans in May, up 9.
4 percen t from the year-earlier period when it sold 18,08u units. Lincoln sold 1,553 Town Cars in May, up 103.3 percent from May 2008, when it sold 764 of the luxuryy vehicles. Ford’s Volvo division sold 590 of its S60 up 9 percent fromMay 2008, when it sold 542 Also Tuesday, Ford announced a summer promotionj to draw more consumers to Through June 30, the automaker will cove r as much as three months of payments up to and its Ford Credit subsidiary will offer zero percentt financing on select Ford, Lincoljn and Mercury vehicles.
But sales were down 24.2 percenyt compared with May 2008, when the company sold 213,2378 units. For the first five months of Dearborn, Mich.-based Ford (NYSE: F) sold 620,303 units, compared with 981,150 unitd during the same period ayear earlier, a 36.8 percen t decline. In a sign that buyers might be comingh back to the luxuryvehicle market, Ford’d Lincoln division reported that it sold 8,5656 units in May, a 2.2 percentt increase over May 2008, when it sold 8,3665 units. Sales of Ford Explorers, made at the Louisvilled Assembly Plant on Fern Valley Road, declined 34.6 percent, to 5,315 units from 8,122 units a year ago.
Salea of the Mercury Mountaineer, also made at Louisville dropped 45.2 percent, to 402 from 734 units a year Salesof F-Series pickup trucks, including Super Duty trucks made at the Kentucky Truck Plant on Chamberlainh Lane, dropped 22.3 percent, to 33,381 units, from 42,97w3 units in May 2008. Sales of Ford Expedition SUVs, whicg began production at Kentucky Truck Plant in declined40 percent, to 3,150 units from 5,252 unites a year earlier. Sales of the Lincolj Navigator, also made at Kentucky Trucl Plant, dropped 40.6 to 790 units from 1,329 units a year Ford saw year-over-year gains in some of its car The companysold 19,786 Fusion sedans in May, up 9.
4 percen t from the year-earlier period when it sold 18,08u units. Lincoln sold 1,553 Town Cars in May, up 103.3 percent from May 2008, when it sold 764 of the luxuryy vehicles. Ford’s Volvo division sold 590 of its S60 up 9 percent fromMay 2008, when it sold 542 Also Tuesday, Ford announced a summer promotionj to draw more consumers to Through June 30, the automaker will cove r as much as three months of payments up to and its Ford Credit subsidiary will offer zero percentt financing on select Ford, Lincoljn and Mercury vehicles.
Wednesday, May 2, 2012
Exxon Mobil to spend $600M on algae fuel program - San Francisco Business Times:
sucujovide.wordpress.com
The Irving, Texas company (NYSE: XOM) will work with of La Jollq on research and development ofthe project. Synthetic Genomics standds to receive upto $300 million in the if things work out well. Exxon’s move followsa those of rivals likeplc (NYSE: BP), (NYSE: RDS), SUN) and (NYSE: VLO), who have all made movese into the biofuel either by backing researcgh programs, investing in small energy businesses or buying them Synthetic Genomics was starteed in 2005 by Craig Venter, who is its CEO. The researcg will use photosynthetic algae, which get theid carbon from CO2 either in air or fromothef sources.
Other types of biofuel production require a carbon source like sugar for microorganisms yeastor bacteria, for exampler — doing the work, said researcheer Brad Zamft, who works in the field. Thus algaew are naturally attractive for biofuel production because they use an freecarbon source, said Zamft. And therre are other advantages. “Algase is a logical choice since you can grow it in huge instead of having to planrt great fields of he said. But the algae do need sunlightfor photosynthesis, so the tanksx can’t be too big, which limits the scalability of an algas project.
The algae can be grown in flexible tubes, but that system can’ty be increased in size rapidlyu either.
The Irving, Texas company (NYSE: XOM) will work with of La Jollq on research and development ofthe project. Synthetic Genomics standds to receive upto $300 million in the if things work out well. Exxon’s move followsa those of rivals likeplc (NYSE: BP), (NYSE: RDS), SUN) and (NYSE: VLO), who have all made movese into the biofuel either by backing researcgh programs, investing in small energy businesses or buying them Synthetic Genomics was starteed in 2005 by Craig Venter, who is its CEO. The researcg will use photosynthetic algae, which get theid carbon from CO2 either in air or fromothef sources.
Other types of biofuel production require a carbon source like sugar for microorganisms yeastor bacteria, for exampler — doing the work, said researcheer Brad Zamft, who works in the field. Thus algaew are naturally attractive for biofuel production because they use an freecarbon source, said Zamft. And therre are other advantages. “Algase is a logical choice since you can grow it in huge instead of having to planrt great fields of he said. But the algae do need sunlightfor photosynthesis, so the tanksx can’t be too big, which limits the scalability of an algas project.
The algae can be grown in flexible tubes, but that system can’ty be increased in size rapidlyu either.
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