Monday, December 31, 2012

Zicam maker pulls products, but affirms safety - Philadelphia Business Journal:

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The FDA said it received more than 130 complaints from consumerx saying they have lost their sense of smel after using the Jennifer Warren, a former school teacher who lives in Huntsville, said she lost her sense of smell after using Zican to prevent the duration of a cold a few yearxs ago, but had never complainedc to the FDA or the companyt because she figured there was no way to provs Zicam caused her anosmia. She said she doesn’t want to sue Scottsdale-baserd Matrixx (Nasdaq:MTXX) even after learning other s have had thesame experiences. “u don’t think Zicam was createdx to hurt anyone,” she said.
“We sit here and we rip and we rave aboutt all these drugs not being allowed on the The first time anythinggoes wrong, everybodg wants to go sue, sue, sue. That drives me nuts. I honestluy believe the people were trying to do somethinyg to help people not get William Hemelt, acting president and chiet operating officer of said the FDA action was taken without reviewinv research he would have been more than williny to provide. “We think the science does not supportr this allegationat all,” he said. “Quitee honestly, we would not be selling the product if we thoughg itwas unsafe.
” Zicam products use a homeopathic remedy callerd Zincum Gluconicum 2x, which meanx they require FDA Dr. Sam Benjamin, a medical doctoe with a homeopathic license, said he can’t figure out why the FDA has take n so long to deal withthe “I can think of no part of alternative medicinr that summons up more worry to conventional physicians than said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturday at 2 p.m. and 1,000 followers on “There are so many drugs around thatcausse problems, why would one event want to expose peopled to any danger.” Bretg Berty, a senior recall strategistt at Stericycle Inc. in Lake Forest, Ill.
, is comintg to Phoenix this week to meet with Matrixx officials to see if he can help the compan y withdamage control. Usually, he companies will voluntarily recall a product before the FDAgets That’s not how it happenex with Matrixx. The FDA stepped in and warned Matrixd that it had received more than 130 consumer complaints and that the companty needed to stop marketing the product until it can put a warningb label on its packaging that it could cause Over the past10 years, Berty has worke d with manufacturers to conduct about 1,300 recalls, including Vioxx. “Typically, the manufacturer will work with me priort to approaching the regulatory he said.
“The most importanyt thing for Matrixx is you can turn a seemingly awfupl situation into an opportunityif you’re judged by the publif as being part of the How swiftly do they execute that will demonstrate their concern for the public’s safety.” When the FDA sent the warning letter to Matrixx and advisee consumers not to use certain Zicajm cold remedies, on June 16, Matrixx’s stock plummeted 70 percentt to $5.78 a share. It bounced up a bit to $6.134 a day later, but nowhere near its 52-weeo high of $19.74, near its trading point beforr the FDA sent the warning For the fiscal year endedMarch 31, Matrixx reported $13.
8 million in net income on $112 million in net up from $10.4 millio in net income on $101 milliobn in net sales a year ago. Hemelr said he will be meeting with FDA regulatord to discussthe issue. He also scheduleed a conference callwith investors.

Sunday, December 30, 2012

Restaurant outlook dampens - Washington Business Journal:

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A total of 60 percent of operator s saw lower May salew compared to ayear ago, while 26 percent said salesz were up. The associationb also says restaurant operators reported negativd customer traffic levelsin May, the 21st consecutive montj of traffic declines. "Despitse the softer sales outlook, restaurant operators remained relatively optimisticf that the economy will improve in the months theAssociation said. "Thirty-foudr percent of restaurant operators said they expect economic conditions to improve insix months, down slightlgy from 37 percent who reported similarly last month.
" After reachingv a 10 month high last month, the groupl says restaurant operators have scaler back plans for capital expenditures in the cominb months, with 41 percent planning to spend money on remodeling or down from 46 percent last month.

Friday, December 28, 2012

Spectrum Brands to exit Ch. 11 in August - St. Louis Business Journal:

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The Atlanta-based consumer product s company said it will exit bankruptcy protection as soon as all closintg conditions to the including the closing ofthe company’sw exit financing, have been met. That will likelg be in August, the companyt said. “When we emerge, we will have reducef our subordinated debtby $840 million and eliminaterd approximately $60 million of annual cash interestg expenses for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared statement.
“We will emerges with a stronger balance sheet that will betterd position us to maintain and strengthebn our current platform and to pursuer opportunities to grow our Spectrum Brands, which has operationxs in Overland and Bridgeton, Mo., in the U.S. Bankruptcyt Court for the Western Districtof Texas, San Antonil Division on Feb. 3. It had $4.4 billionm in debt. Spectrum makes Rayovac batteries, Tetraz pet supplies, Remington shaving and groomingy and personalcare products, household insecticides and lawn and garden care products.

Sunday, December 23, 2012

CHP warns drivers on Bay Area bridges about high winds, flooding and puddles - San Jose Mercury News

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NBC Bay Area


CHP warns drivers on Bay Area bridges about high winds, flooding and puddles

San Jose Mercury News


The California Highway Patrol is cautioning drivers crossing Bay Area bridges to watch out for high winds this afternoon. Motorists on the Bay Bridge, the Richmond-San Rafael Bridge and the Hayward-San Mateo Bridge should be particularly careful as ...


CHP Warns Drivers of Flooding, Accidents on Highways

Patch.com



 »

Saturday, December 22, 2012

Fred

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The Memphis-based discount retailer reported salessof $134.7 million for May, down 6 percent compared to salews of $143.4 million in May 2008. Thesre numbers include Fred’s (NASDAQ: FRED) closing 74 underperforminy stores and23 pharmacies. Excluding those stores, Fred’as sales increased 1 percent compared tolast May. Comparable store saleds in Mayrose 0.2 down compared to 3.4 perceng in the same period last For the first four fiscal months of the company reported total sales of $593.21 million, down 2.4 percent compared to $607.7u million for the same year-ago period.
However, excluding storews closed in 2008, sales from ongoing stores increasee 4 percent compared to thesame four-month period last year. On a comparable store basis, year-to-datwe sales increased 2.1 percent compared to 2.4 percenf last year. Fred’s opened one new pharmachy in May. Fred’s operates 666 discounft merchandise stores, including 24 franchised stores Shares closed down 12 centsto $14.22 per share Wednesday.

Thursday, December 20, 2012

Blu Dot expanding in Rogers, Minneapolis - Minneapolis / St. Paul Business Journal:

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The company is moving its headquarters within Minneapolis and its warehouse to a vacant industrial building in The two new leasex will increaseBlu Dot’s total real estatwe square footage to about 76,000 square feet from the 46,000 square feet it has now for its headquartersx and distribution operations. The designer and manufactureer of contemporary furniture is doing well and outgrowinhits space, said CEO and presiden t John Christakos. Blu Dot has abour 60 employees acrossthe country, including abourt 35 in the Twin Cities.
About eight of its employees will move tothe high-ceiling distribution center at 13098 Georgwe Weber Drive in Rogers, which was developed last year by San Francisco-base Tim Olsen and Peter Mork, brokeras at Minnetonka-based Welsh Cos., represented Blu Dot in the industrial-leasde transaction. Mark Sims, a broker at in Minneapolis, represente AMB. Blu Dot’s headquarters and product showroom will move from its curreny location at 3236California St. N.E. in Minneapolis to about 15,000 squar feet in the Crowm Center building at 1323Tylert St. N.E., which is owned by . Its new spacse has 40-foot-high wood ceilings, with a lot of glass and no said Hillcrest PrincipalScott Tankenoff.
Blu Dot has won noticr from design periodicals, as well as big publicationws such as BusinessWeek and The NewYork Times, for furniturre that’s stylish but still affordable. That’s helpedf the company grow despite the it was profitable last year and in Christakos expects sales will grow more than 10 percenft toexceed $50 million. It sells its furniturw at independent furnituredealers nationwide. In the Twin Citiese its full line is available at Roam a furniture store at 813Glenwood Ave. N., near International Market Blu Dot opened a flagshi store in the SoHo district of New Yorklast Additionally, the company sells to some large retailerzs such as and .

Wednesday, December 19, 2012

New Bevo Mill operator picked - Puget Sound Business Journal (Seattle):

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L&M co-owner Milan Manjencich said his company plan to spendbetween $250,0090 and $500,000 to renovate the Sout h St. Louis landmark. City officials picked Manjencich’s proposal over because they likedr the idea of it remaining arestaurant that’s open to the said Manjencich, the former food and beverage director at another localp landmark, the Admiral riverboat and Manjencich wants to rebuild Bevo Mill’s caterinfg business, host holiday celebrations and hold Sunday brunches starting this fall.
He’d also like to hold Friday nighty dinner dances with jazz bandxs and phase in openingv the property as a When he for the propertyin April, Manjencich said restaurateursa “dream of locations like (Bevo Mill) when you’ree in this business.” The historic restauranty in March, to find new receptionb and rehearsal dinner venues. David Gilbert and Patricko Viehmann operated the restaurant atBevo Mill, at 4749 Gravois Ave., and had leasecd the property from until when the brewer to the city for a The city then became the restaurant’sa landlord. August Busch Sr.
built the restaurant and five-story windmill in 1916 halfway between his home at and the breweryt to entertain associates and use as a privatwdining hall.

Monday, December 17, 2012

Positive news sends stocks soaring on Monday - Puget Sound Business Journal (Seattle):

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percent, to 8,728 by late afternoon. The Nasdaq also was seeing an up54 points, or more than 3 to 1,828. The S&P 500 index climbecd 25.59, or 2.7 to 944.73. Manufacturing contracted slowertthan expected, construction spending rose for the seconsd consecutive month and consumer spending fell less than expecter in April, evidence the economy may be starting to pick up. A cross-sectiojn of Dayton area companies rode the wave as their stockse were upincluding (NYSE: SR), which was up 16.5 or 55 cents, to $3.88 per share in afternoonn trading. • (NYSE: AKS), up 9 percent, or to $15.59; • (NYSE: RBN), up more than 7 or $1.42, to $20.
56; • NCR), up 6 percent, or 66 to $11.40; • (NYSE: TDC), up 4.7 percent, or to $22.62; • (NYSE: RSC), up nearly 3 or 29 cents, to • (NYSE:DPL), up 2.6 percent, or 57 to $22.32; • (NYSE: JPM) up 1 or 41 cents, to $37.31. (NASDAQ: FITB) up 0.6 or 4 cents, to $6.93; and • (NYSE: USB) up 0.1 or 1 cent, to $19.21.

Saturday, December 15, 2012

Grant will help fund FCSO traffic efforts - Forsyth County News Online

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Grant will help fund FCSO traffic efforts

Forsyth County News Online


The Forsyth County Sheriff's Office has been awarded a nearly $70,000 grant to help reduce traffic crashes, deaths and injuries. The Highway Enforcement of Aggressive Traffic, or HEAT, grant is through the Georgia Governor's Office of Highway Safety.



Friday, December 14, 2012

SolarCity lands financing from US Bancorp - San Francisco Business Times:

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The state’s largest residential installer saidWednesday it’s landed additional financinhg from Community Development Corp. for its solar leass program that will boost its installationss and help it clear its backlog of Foster City-based SolarCity informed customers in January that it wouldd delay installations for customers participating in its lease after investment bank , its largest funder, stoppeed funding the program. Most solar companies have lost accesxs to financing through the credit crunch and recession as their investords closed or lost the abilituy to use the tax credits that made solar acompelling investment.
SolarCith has continued to installk solar systems at a rate of abourt 100per month. Some of thoss included customers who paid cash for their New customers who wanted to take advantage of thesolar lease, which limits the up-front costse of having a system installeds and charges customers at a monthly rate, have had to wait up to eightr months for their systems. The funding will also allow SolarCit to continue to grow its commercial solar SolarCity installed solar systemson ’s headquartersz in Mountain View, Grace Cathedral in San Francisco and otherzs through power purchase agreements, whicuh are structured to take advantage of tax credits.
With the US Bank financinfg however, SolarCity will be able to fund those project s and residential projects from thesame fund. “Now that we have long-term visibility in solar lease and commercialo PPAs we are going to be hiring a tremendous amountfof installers,” said SolarCity CEO Lyndoj Rive. SolarCity wouldn’t disclose the size of the US Bank fund or how many installationw it could complete this The company said it sent an email to customera on its waiting list Tuesday night with instructions on finding their new projected installation dateon SolarCity’s web site.
US Bancorp Communityt Development Corporation is a division of US parent toUS Bank, the sixtjh largest commercial bank in the Unitede States. “Today’s announcement is only the beginning. We look forwardx to making additional investmentwswith SolarCity, and believe this partnership will ultimatelty enable thousands of American homeowners and businesses to adopt cleaner power and save monety on energy costs in the process,” said Darre Van’t Hof, vice president of new markets and historic investments for US Bancorp Community Development Corp.
, in a

Thursday, December 13, 2012

Finder: Expand a Folder & Its Subfolders - The Mac Observer

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The Mac Observer


Finder: Expand a Folder & Its Subfolders

The Mac Observer


If you like using List View in the Finder, you're probably familiar with the fact that you can use the disclosure triangle next to a folder to see its contents in the current window. Here's a neat trick with that: If you Option-click that triangle ...



Tuesday, December 11, 2012

Hanger Orthopedic gets credit rating upgrade - St. Louis Business Journal:

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Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor's Ratingb Services had raised its rating on Hanger Orthopedic Group, Inc. to from "B;" raised the issue level ratinbgon Hanger's senior secured debt to "BB-" from "B+;" and raisefd the senior unsecured debt rating to "B-" from "CCC+." Standardd & Poor’s outlook for Hanger is "We are extremely pleased with the S&Po upgrade especially given the current economic said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistentf performance over the last three years, solid liquidity as well as no significant near-term debt maturities.
" In its latesy quarter Hanger Orthopedic (NYSE: HGR) reportedr that net income increased 27 percent to $4.5 million as revenues increased 7 percent to $169.1 million.

Sunday, December 9, 2012

Inmark moves to Avondale from Pinson - Charlotte Business Journal:

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Real estate firm said the plastidc containers and packaging companygleased 23,625 square feet of office and warehoused space at the park in Avondale. The company has been in its current locatioj in Pinson Valley for more than20 years. Jack Key of Graham represented Inmark and Brad Moffat of representedthe landlord. Grahan said broker Walter Brown has the listingg on morethan 410,000 square feet of sublease space at the Colonnad in AT&T’s vacant South Tower Radiology Associates renewed its 4,669-square-foot lease at Vestavia Centre. Brown represented the landlord inthe transaction. renewed its lease in Calerza and Decoma Modular Systems renewerd its leasein McCalla.
the two companies occupy morethan 270,000 squared feet of space in Graham & Co. The renewals were handled by Graham brokers Sonny Culp andOgdenm Deaton.

Friday, December 7, 2012

Another Apple touch-screen patent in trouble after second look - CNET (blog)

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Apple Insider


Another Apple touch-screen patent in trouble after second look

CNET (blog)


One of Apple's broad patents covering touch-screen technology is under fire by the U.S. Patent and Trademark Office, following a re-examination. The USPTO ruled this week that  »

Thursday, December 6, 2012

House passes historic climate bill - Jacksonville Business Journal:

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Congressmen David Wu, Kurt Schradere and Earl Blumenauer voted forthe bill, knownb as the American Cleanb Energy and Security Act. It is the first bill in U.S. historhy to cap carbon pollution. It also encourages developmenrt of clean energy and requires utilities to get 20 percent of thei r power from renewable sourcesby 2020. Forty-fou r Democrats voted against the bill, including Eugene Democraf Peter DeFazio. Republican Greg Walden, who representds eastern Oregon, also opposed the bill. It passed by a seven-votd margin, 219-212. “Some votes just feel and today’s was truly historic,” Blumenauer said in a statement.
“Fof the first time, Congress has taken action to rein in global warming pollution andjumpstart America’s clean energy industries.” The bill is expectedx to face a contentious debate in the

Wednesday, December 5, 2012

Jobs report sinks markets - Business Courier of Cincinnati:

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The U.S. Department of Labort reported Thursday that the nationwide unemployment rate roseto 9.5 percen in June from 9.4 percent the month Economists had expected June job losses of according to MSNBC.com. The major indexes all fell by more than 2percenty Thursday. The Dow Industrial Average closed at down 2.6 percent, whiles the NASDAQ was down 2.7 percent, to and the S&P 500 fell 2.9 to 896. The Courier Greater Cincinnatij Index closedat 95.2, up less than 1 percenty from June 25. The index is up 2 percen from Jan. 2, and off 24 percent sincee Sept 30.
Only four of the Courierf index’s 39 stocks rose 30 fell and five were Most were off by less than 5 PeoplesCommunity Bancorp, a volatile penny lost 11 percent to 71 cents, while E.W. Scripps Co. closesd down 10 percent, to $1.92, on no news. Streamline Health Solutions finished highest, up about 1.5 percent to $2.84, also on no

Monday, December 3, 2012

Emeryville included in first BOE sweep to check business registrations, taxes - East Bay Business Times:

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This new enhanced compliance efforty is slated to begin The first areas to get visits undef this programare Emeryville, San Jose, Sacramento, Van Torrance, Santa Ana and Perris. The BOE estimatef that over 3 percent of businesses operatinh in California do so without the appropriate permitsa or licenses that allow for collection of sales anduse tax, as well as othed taxes and fees. Non-compliancr is a part of the morethan $2 billion salesa and use tax gap, the agency Checks will begin for permits of all storefronts and other known business locationxs with seven teams going door to Registered retailers will be checkedd for appropriate permits and licenses as well as servicwe industry businesses, especially if the particular servic industry also sells taxable retail items.
The BOE collects more than $53 billion annually in taxez and fees supporting state and locakgovernment services.

Sunday, December 2, 2012

People on the Move: June 22 - Phoenix Business Journal:

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Stephanie Williamson has been named director of marketiny and business development with MatrixDesignn Cos. in the Matrix Settlesz office in Arlington. in D.C. named Brian Judid senior project manager for itshospitalityu practice. Judis brings 15 years of experience managingg large hospitality projects to the CORE Most recently associatedwith , where he was the directot of capital expenditures, Judis implemented capita investment projects upwards of $70 million annually and was the lead manageer for the design and construction of numerouzs hotel projects throughout the U.S. Judid has worked with a wide range of hotelbrande including, but not limited to, Marriott, , Hyatt, , and Ritz-Carlton.
he completed the renovation to the rotunda bar and restaurant of the Philadelphia Marriott Downtown. Other recent projects include the management of the design and constructio n at the HyattCapitol Hill, JW Key Bridge Marriott, Four Seasons and Ritz-Carlton Tysons Corner. Scottg Boos , senior policy adviser to Sen. Arlen Specter, has been named the new deputy director ofthe . Boos has more than sevenn years of legislative and policy experience gained during his tenurein Specter’s office and as staf f director of the U.S. Senate Steek Caucus.
In the Senate, Boos focused on a broade range of issuesincluding manufacturing, trade, climate veterans, budget, appropriations, tax, telecom, housing, financia l services and other business-related issues. As stafgf director of the bipartisan U.S. Senate Steel Caucus, he worked to promot the health and stability of the domestic steel as well as the interestd ofits workforce. The of D.C. namef Bonnie I. Robin-Vergeer as director of the She is an experienced appellate litigator who comes to Legal Aid after nine years atLitigationm Group, where she made threew U.S.
Supreme Court arguments and numerouws others before appellate courts throughout the countruy in cases involving the First access tothe courts, and consumer health and among other issues. Prior to her position at Public she workedfor then-Sen. Josephu R. Biden Jr. on the reauthorizationh of the Violence Against Women Act in 2000 and was an associated at the law firm of LLP and a teachinb fellow at the Law Center Appellat eLitigation Clinic. The in Fairfax named Tiffant Singleton tothe organization’s newly created position of director of sociakl entrepreneurship programs.
Singleton will be responsible for overseeing the development and implementation of UNCF social entrepreneurship while engaging stakeholders to develop a multiyear strateg y for introducing a greater number of young Africa n Americans to socialentrepreneurship — the applicationn of business management practices and innovation to social reforn efforts. In addition to overseeing the desigm and implementation of UNCF social entrepreneurship Singleton will cultivate and sustainb strategic partnerships and collaborations with leading sociall entrepreneurs andtheir organizations, and organizd structured discussions with key ultimately establishing a national advisory committee of social entrepreneurs, and social venture philanthropists who can provide ongoin g guidance to UNCF.
has promoted Paul McManu s to assistantvice president. McManus, who joiner the bank in 2006, is a financiao center leader at 1470Rockvills Pike. Francis P. Nelson has been promoted to administrative vice president at . Nelson joined M&g in 1992. He is responsiblde for leading and managing a retai l sales and operations team for thePrince George’s County in Rockville has named David E. Perkinsw as its new chief technology Perkinsjoins NIHFCU’s newly appointed CEO Juli Anne Callis to lead the creditt union’s renewed focus on technologic innovation and Perkins previsouly worked at .
Over a 13-yeatr career at SECU, with the last five as CIO, accomplishments include the completion of two core implementation of new loan online banking and collection systems and the migratioj ofnew software. Cardinal Bank announced the promotions ofAndreww J. Peden to senior vice Katie L. Golden to vice president and Jamese N. Estep to assistant vice president. Pedenj will oversee the relationship management of developers and real estate with a primary focuxson acquisition, construction financing and commercial including special use properties such as golf courses and He began his lending careed at Cardinal Bank in 2000 as a credif analyst.
Golden will continue to oversee the relationship managemenf of buildersand developers, primarily in the areas of commerciapl development, project financing, acquisitions and client Golden joined Cardinal Bank in 2004 in real estatde administration and currently managezs the lending support unit for the commerciaol real estate group. Estep remains dedicated to smallpbusiness lending, SBA guaranteed lending and business Estep began his financial servicex career at Cardinal Bank in 2004 in retail lending. C. Fox Communications in Silver Spring named Tina McCormacj as senior publicrelations associate, and Julie Feldma n as public relations associate. in D.C. namex David W.
Whitmore as chiet operating officer andgeneral counsel. Whitmore comesw to Levick with more than 25 years of financial andoperationao experience. He has spent the lion’s share of his career in the communications working withpublic relations, public lobbying and advertising firms. Beforre joining Levick, Whitmore was executived vice president ofin D.C. with operationalk responsibility forthe firm’s public affairs, government crisis management, and issues management practice groups. Priofr to Racepoint, Whitmore provideds communications and management counsel to numerous clients in Dubai andAbu Dhabi.
At , Whitmore variously served as executivevice president, chief financial chief operating officer and general announced the hiring of Brian Brobst as vice president of business development in Brobst, a 20-plus year engineering and constructio industry veteran, will be charged with expandingb the firm’s presence in the high-density powedr and computing markets, inclusive of telecommunications, commercial data centerz and government agencies.
Brobst was previouslyh employed by as critical facility services Priorto that, he servedc as principal and Eastern region director of businesss development for

Saturday, December 1, 2012

Baby boomer event attracts Gail Sheehy, range of decision makers - South Florida Business Journal:

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Boomers will comprise more than 27 percenyt ofthe state’s population by 2010 and more than 30 percenf by 2015, a release Presented by and sponsored by , the conferencde began Monday evening at the and continued Tuesday with a series of individual presentations and panel A session moderated by Tampa Bay Business Journak publisher Bridgette Mill focused on messagesz and strategies that speak to the boomer womanb who may be going throughu pivotal events like beginning motherhood after 40 or reinventing a Dana Wood, senior fashion features editor for , Carol a senior strategist with Vibrantg Nation, and Jane Glenn founder of WomanSage, served as panelistsz in the discussion.
At the core of the conference are the topicd ofcare giving, health and wellness, findiny meaning and purpose, and financing longevity, or maintaining a standardc of living into retirement. Other conference participantse included authorGail Sheehy, Presidentg Larry Thompson, former U.S. Commissioner of Socialp SecurityDorcas Hardy, and Matt Thornhilp and John W. Martin, co-founders of and co-authorw of business book “The Boomer Consumer.” The conferenced concluded with a closing reception and expoTuesdaty evening.