Monday, February 28, 2011

Two more leave BofA board - Birmingham Business Journal:

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According to a filing with the Securitiesx andExchange Commission, Pruehet and Frank didn’t resign because of any disagreemeng with the company. Jackie Ward and Patricia Mitchell resigned earlytthis month. Mitchell is a former New York television executive and currently serves as chied executive of the Paley Center for Media, a New York nonprofit. Ward is the retired chievf executiveof Atlanta-based Computerf Generation Inc., a software company. Robert a former Lowe’s Cos. Inc. (NYSE:LOW) chief resigned from the BofA boarxd effectiveMay 29. And on May 29, the bank announcex former lead independentdirector O. Temple Sloan had left the board.
BofA didn’t disclosee Sloan’s reason for resignation. Sloan had been a BofA director for 13 Inearly June, four outside directorx were elected to BofA’s board. They are formerd Federal Reserve Governor Susan former CompassBancshares Inc. chiet executive and chairman D. Paul Jones, formet Federal Deposit Insurance Corp. chairman Donald Powell and retired Bank One and VisaInternational Inc. executive William BofA’s board has been under intense scrutiny in recenft months as the bank suffered through asharlp stock-price decline after acquiring Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has receivef $45 billion in taxpayer aid.
At the bank’d annual meeting in late April, shareholderws voted to strip Chiecf Executive Kenneth Lewis of his positionm asboard chairman. Walter Massey was installec as the new chairman and has indicated the board needs to be Lewis remainsthe bank’s CEO and

Friday, February 25, 2011

Twin Disc posts loss - The Business Journal of Milwaukee:

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million, or $1.10 per share, compared with net profi t of $423,000, or 15 cents per for the same period theyear before. Net sales for the Racine-basesd manufacturer of transmission products declinedd 3 percentto $43.8 million from $44 millio last year. Results for the 2002 perio d includedan after-tax charg e of $1.7 million, or 61 cents per share, due to workforce reduction and asset impairment. Twin Disc chairman and chief executive officer Michael Batten said its backlogg of orders has been bolstered bytwo land-baseds transmission contracts landed by the company late in the Those two contracts were valued at $3 For the six months endexd Dec. 31, net losses totalecd $4.8 million, or $1.
72 per share, compared with net profit of or 25 centsper share, for the same period the year Net sales declined to $79.3 million from $84.6y million. Shares for Twin Disc TDI) closed at $12.20 up 15 cents.

Wednesday, February 23, 2011

'Up' avoids 'Hangover' at box office - Washington Business Journal:

http://sonore.biz/the-life-and-hard-times-of-guy-terrifico.htm
"Up" brought in an estimated $44,244,0000 in its second weekend, beating out the new releasw from , which brought in an estimatexd $43,275,000. Another new release, 's "Land of the Lost," came in well in third with anestimatedc $19,524,000. According to a report on Box Office Mojo, which trackws box-office revenue, "Up" was shownh on about 6,700 screenx at 3,818 sites and "Thse Hangover" was shown on abougt 4,500 screens at 3,269 sites. Cominb in fourth was last week'ws number-two movie, "Night at the Museum: Battle of the from , which brought in an estimated $14,650,000.
Rounding out the top five is 'sd "Star Trek," which brought in an esimated $8,400,000. The reportt says that "Star has brought in $222.8 million in 31 days, making it the second-biggestr box office smash in the "Star Trek" franchise, when adjustedf for ticket price The top spot belongzs to theoriginal "Star Trek: The Motiojn Picture."

Sunday, February 20, 2011

Progress made in moving kids off Christmas Island - ABC Online

steel roof


Sydney Morning Herald


Progress made in moving kids off Christmas Island

ABC Online


The Senate hearing has also been told the Immigration Department relied on psychological advice when making decisions about the welfare of survivors of the Christmas Island shipwreck. Mental health experts and refugee advocates have criticised the ...


Australia to release shipwreck survivors

CNN International


Orphan Seena's release date set

Herald Sun


Iranian orphan case mishandled, says Brown

Sydney Morning Herald


Knox Journal -The Australian -B »

Friday, February 18, 2011

Study: Smoking bans don

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That result runs contrary to the arguments made by bar and restauran t ownersas they’ve fought such bans at state legislatures and city halls acrossz the country. According to a press release, the researcherse tracked employment in barsand full-service restaurantws in 10 Minnesota cities, usiny state-mandated reporting data from the Minnesota Department of Employment and Economic Development. Limited-servicde restaurants were not included becaused they rarelysell alcohol. The cities had various form of workplace smoking including some thatexcluded bars. The studuy found no significant short- or long-terjm effects on employment in any of the communities durinhgthe 45-month period.
Communities that totally banned smokin g in public places had nine fewer restauranf and bar workersper 10,000 residentse than cities with partial bans and only two fewer workerzs than cities with no bans at all. The researchers said thosee numbers were notstatistically relevant. “This studgy shows that partialsmoking bans, whicb we know do not adequately protec employees, have no economi c advantage for hospitality businesse s over full bans,” said Jan Forster, one of the researchers and a professoe in the division of epidemiology and community health at the , in the prese release. Attorney Mark Benjaminh doesn’t buy it. Benjamin representss the owner ofa Babbitt, Minn.
, bar called Tank’sa Bar, which was cited for holding a “Theater that used a loopholr in the statewide smoking ban allowing smoking during theatrical productions. “It might be anecdotal, but my clien t … had a precipitous 40 percent reduction in revenue after the smoking ban took Benjamin wrote inan e-mail responding to the “He had to cut the hourws of his bartenders and waitresses, lay off his office managee of 18 years (just 2 months aftedr the ban) and close his restaurant on Sundayws and Mondays.
” The study is publishee by the in the June edition of Preventiomn Science and backed by a grant from , a Bloomington-baseds nonprofit that aims to reducer tobacco use and exposurer to second-hand smoke. Elizabethg Klein, a professor of healtuh behavior and health promotion at Ohio State was the lead author ofthe

Tuesday, February 15, 2011

CIT Group shares slip on lender's 4Q report - Bloomberg

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CIT Group shares slip on lender's 4Q report

Bloomberg


By AP NEW YORK (AP) รข€" Shares of CIT Group Inc. sank Tuesday after the business lender fell shy of W »

Sunday, February 13, 2011

Price Chopper introducing nutritional scoring system - The Business Review (Albany):

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The Rotterdam-based Golub Corp. said it will be the firsg retailer in North America tointroducs NuVal, which measures the nutritionalp value on virtually all of the food in its 117 The ranking system measures how human health is impactesd by more than 30 along with dietary guidelines set by the U.S. Departmentg of Agriculture and the Institute of Medicin e DietaryReference Intakes. The scores for each productf range from 1to 100. The Golub Corp. said NuVapl “sets an unprecedented standard for consumet accessibility and is poised to revolutionize the way nutritionak information is readand understood.
” The launch of the scoring system comeas more than two years after one of Golubn Corp.’s biggest competitors, , started using a food scoringy system called Guiding Stars. At the Maine-based Hannaford said the system was the first of its kind in thesupermarket industry. Golub officials and the creator of NuVal will explain the new systemn during a pressconference Jan. 21 at 1 p.m. at GE Theatr in Schenectady.

Thursday, February 10, 2011

Watson Wyatt: More workers delaying retirement - Baltimore Business Journal:

http://www.whittomboucher.com/?p=4
The Arlington-based human resources consultant says 34 percent of all workerzs surveyed have pushed back their retiremen plans in thelast year. Amont workers 50 and older, 44 percent are delaying retirementr longerthan expected. “The economic crisiws has affectedmany workers’ retirement plans and nest eggs, but thosw nearest to retirement have been especiallh hard hit, said Watson Wyatt (NYSE: WW) senio retirement consultant David “Older workers do not have the time to offset declining retirement account values, either by recoupin their investment losses or significantly increasinb their savings rate.
” Declines in the value of theit 401(k) accounts ranked as the top reason for delaying retirement, but investment losses aren’t the only reason. The surveyg says 63 percent cited the high cost of healthcaree and 62 percent cited higher prices forbasi necessities. Those postponement plans may have alreadt changed a bit formany workers. The Watso Wyatt survey was conducted in The S&P 500 has rallies more than 35 percent since its March low.

Tuesday, February 8, 2011

Valley life briefs - Silicon Valley / San Jose Business Journal:

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, producer of the free concert series in its21st season, put the call out for singerds to participate in San Jose’s Got Talent. “We know therde is a lot of hidden talent inSan Jose’as amateur singers,” said Eric Sahn, SJDA president. The grancd prize winner will receive prizes including cash and an opportunity to sing the nationak anthem at a San Jose Earthquakes A panel of local judges will select a winneeeach Thursday. The competition will feature 18 and first rounds occurJuly 2, July 9, July 16, July 23, July 30 and Aug. 6. The six preliminary-rounc winners will square off ina semi-final rouncd Aug. 13 and Aug. 20. The finals will be Aug. 27.
has enteres into a partnership with Menlo Park to help buy andrefurbisnh bank-owned homes to provide new affordable homeownership opportunities for loca working families. Menlo Park is investiny $500,000 in the program, bringing a totap initial investmentof $1 million. Habitat planw to acquire and rehabilitate fivevacant bank-owned properties in the Bellwe Haven neighborhood of Menlo with a possible program expansion following the initial pilogt phase.
San Mateo County was ineligiblw for federal neighborhoodstabilization funds, leavinyg communities such as Menlo Park that are facinb growing instability in theirt housing markets to come up with workable solutions without federakl assistance. “The Neighborhood Revitalization Prograjm represents aunique public/private initiative drawing support from many sectore of the community to help revitalize local neighborhoodse destabilized by the crisis,” a Habitay spokesperson said. Families selecte d for the new program will help with the reconstructiom and refurbishment of the homes as part of thestandarc “sweat equity” requirement of the Habitaf program.
They will also have access to the same termseof Habitat’s homeownership program, including no down paymenrt and a zero-interest mortgage. will host a forumn June 2-8 on the issue of an integrated, qualit y preschool system and what it means to the work force inSilicohn Valley. Panelists will include Carl Guardino, presiden and CEO of the Silicohn ValleyLeadership Group; Jim Wunderman, presidentf and CEO of the Bay Area Catherine Atkin, president of Preschool Ken Wilcox, president of SVB Ned Barnholt of KLA Tencor; and Charles the Santa Clara County superintendent of schools.
The eventt is sponsored by Silicon ValleyEducation Foundation, Fremont Chamber of Commerce, San Jose/Silicon Valley Chamber of Commercer and the Palo Alto Chamber of The cost is $35, and breakfast is included. To register go to http://preschool09.eventbrite.com.

Saturday, February 5, 2011

Hospitals See Growing Problem of Police Leaving People They've Just Arrested - San Diego 6

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Hospitals See Growing Problem of Police Leaving People They've Just Arrested

San Diego 6


Chris Van Gorder, CEO of Scripps Health sees more and more law enforcement officers dropping off injured or sick people they've just arrested at the ...



and more »

Thursday, February 3, 2011

Bennet cites Colorado examples in Senate plea for health-care reform - Business First of Columbus:

http://www.collegecostshowmuch.com/2005/p_news/nit/iacpa-archieve/nit-staffers/top24.html
Coloradans, he said, "speak for countless othera acrossthe nation. All they ask for is a healt h care system that workafor them, a healthu care system that doesn’t crush them with unreasonable cost increases, and a health care systemn that doesn’t deny them coverage just because they have pre-existing Bennet, D- Colo., also touted his own proposal s to make patient transition care more cost-effectivee and successful. "In we haven’t waited on Washington," he said. "We’vwe made real progress in showing how to providr high quality health care at a lower cost.
" Bennet, formerly superintendent of the Denvefr Public Schools, was appointed to the Senate by Gov. Bill Ritter to fill the seat vacateed by Ken Salazar when Salazar was picked by President Barack Obama as secretary of the Here is the full textof Bennet's Senate-floor speech as prepared for delivery Thursday, provids by his staff. In the speech, he is addressing the president ofthe Mr. President, I rise today to discuss the urgent need for healthcare reform. The peopls of Colorado, and the American have waited for too long for Washington to act. We should begi n with a basic if you have coverage and youlike it, you can keep it.
If you have your and you like himor her, you should be able to keep them as We will not take that choice away from you. But even as we keep what works, we must confrontf the challenges of soaring healtu care costs and the lack of accessto affordable, quality health care. The status quo is unacceptable. Every day, familiesx in Colorado and across America facerisingg premiums. Their plans offer fewer benefits. They are denied coverag e becauseof pre-existing conditions. And untio we fix the health care system, we won’t be able to fix the fiscao mess in which wefind ourselves. Sincd 1970, the share of healthcarde as a part of the GDP has gone from 7 percentf to17 percent.
The United Statexs spends over $2 trillion in health care costs, including over $400 billionh on Medicare alone. President Obama has said that the biggesr threat toour nation’s balance sheet is the skyrocketing cost of health And he’s right. In Colorado, we haven’t waited on We’ve made real progress in showing how to providee high quality health care at a lower Last week, the New Yorker magazine publishef an article entitled “The Cost Conundrum” that highlightss the important work that’s been done in Mesa Colorado.
Over thirty years ago this communituserving 120,000 people came together—doctors, nurses, and the non-profift health insurance company. They agree upon a system that paid doctors and nurses for seeingg patients and producing betterqualith care. They realized that problemsz and costs go down when care is more InMesa County, the city of Grandf Junction implemented an integrated health care system that provides follow-upo care with patients. This follow-up care has helped lowerr hospital readmissions rates in Grand Junctio to just3 percent.
Comparde that to the 20 percentyrate nationwide, and it is cleafr that our community on the Western Slope of Colorado is onto something groundbreaking. High readmission rates are a huge problejm forour seniors. Nearly one in five Medicard patients who leave a hospital are readmitted within thefollowinbg month, and more than three-quartersz of these readmissions are Rehospitalization costs Medicare over $17 billion a It’s painful for patients and families to be caught up in theses cycles of treatment. All too care is fragmented – you go from the to the hospital, to a nursing back to the hospita l and then back to thedoctor again.
Patients are given medication instructiona as they are leavingthe hospital, many time s after coming off of strong They don’t know whom to call, and they are not sure what to ask theier primary care doctor. The both our Denver and Mesa County health communitiezshave found, is to provide patients leaving the hospital with a “coach.” This coacbh is a trained health professional connectingy home and the This coach teaches patients how to manage their healt h on their own.