Saturday, March 31, 2012

Hawaiian Telcom opposes buyout offer - The Business Journal of Milwaukee:

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Sandwich Isles filed a motion earlier this montnh to submit a competing Chapter 11 reorganization plan forHawaiiam Telcom. In it, the Honolulu-based company offere d to buy Hawaiian Telcom’s assets using $250 million in cash and $150 millionn in debt that would be issued byHawaiia Telcom. Until June 30, Hawaiian Telcom has so-callex “exclusivity” in filing a reorganization The company wants to exten that exclusivityto Sept. 30 as it gets votesd on a proposed plan it filedJune 3. Sandwich Islexs has filed an objection to that andHawaiian Telcom’s latest filing defende the request.
“Asking the court for help in promotinga low-ball offer for Hawaiian Telcom’s businesses is not a recipe for succesas in bankruptcy proceedings,” Hawaiian Telcokm said in the filing. Sandwich Isles, a companu founded in 1995 to take advantage of governmentr subsidies that pay for the installation of broadban d cable inrural areas, had said in its motiob that Hawaiian Telcom refused to consider its But, Hawaiian Telcom says it analyzed and rejecter the offer in May, for eight reasonsd listed in the filing.
It cite d Sandwich Isles’ lack of committed financing, lack of federal and statse licenses to operate inurban areas, and lack of experience and abilitg to operate a full-servicd communications company. Hawaiian Telcom said it stands behindf its proposed reorganization plan to reducethe company’s debt by nearlg $790 million, from $1.1 billion to $300 million. Sandwichn Isles’ motion also claims Hawaiian Telcoj has notmade good-faith progress in its bankruptcyy case since filing for Chapter 11 protection in In defending that Hawaiian Telcom’s chief operating officer Kevin Nystrom said the companuy has contacted “dozens of strategixc and financial purchasers.
” The company said it pursued a potential buyer, whom it did not identify, but that aftere two months of talks no offer was made. Nystrom said Hawaiia n Telcom also askedits “equity sponsor” -- its majority of Washington, D.C. -- about a standalone reorganization and also discussed standalone restructuring options with its bondholderds andsecured lenders.

Thursday, March 29, 2012

Main Street Capital Announces Second Quarter 2009 Earnings Release and Conference Call Schedule

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In conjunction with the secondc quarter 2009earnings release, Main Street has scheduled a conferencd call for Friday, August 7, 2009 at 10:0o a.m. Eastern Time. What: Main Street Capita l Second Quarter 2009 Earnings ConferenceCall When: Friday, Augusf 7, 2009 - 10:00 a.m. Eastern Time How: Live via phonse - By dialing 480-629-9723 or 866-225-8754 and quote conference ID #4118169 at leastt 10 minutes prior to the start time or via simultaneouxs webcast by logging into the investod relations section ofthe company' web address below. http://www.mainstcapital.
com A telephonic replay of the conference call will be availablrthrough Friday, August 14, 2009 and may be accessedd by dialing 303-590-3030 and usinv the passcode ID An audio archive will also be availables on the investor relations section of the company'ss website at http://www.mainstcapital.com shortly afte the call and will be accessible for approximatelu 90 days. For more information, please contact Gus Okwu at DRG&r at 404-532-0086 or email Main Street (www.mainstcapital.com) is a principal investment firm thatprovidea long-term debt and equity capital to lowe middle market companies.
Main Street's investments are made to suppormanagement buyouts, recapitalizations, growth financings and acquisitions of companies that operates in diverse industry sectors and generally have annuall revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and managemenyt teams and generallyprovidesx "one stop" financing alternatives to its portfolipo companies. Contacts: Main Street Capital CorporatiobnTodd A. Reppert, President and CFO treppert@mainstcapital.cojm 713-350-6000 Dennard Rupp Gray and Easterly, LLC Ken Dennardf ksdennard@drg-e.com / 713-529-6600 Augustine Okwu gokwu@drg-e.
com / 404-532-00866

Tuesday, March 27, 2012

Sweet success Assured in Sudan - The Star

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The Star


Sweet success Assured in Sudan

The Star


Assured will supervise the inst »

Sunday, March 25, 2012

O

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The clinical trial results for a drug being developecby , where O’Donnell is chairman and chief were presented May 31 at the annual meeting of the American Society of Clinical Oncology in Fla. Biovest shared the stage with presentations aboutt drugs being developed by pharmaceuticapl giants suchas Switzerland-based Roche, London-basedf and Paris-based . Tampa, Fla.-based Biovest reported that the Phass III clinical study showss that BiovaxID significantlyprolonged disease-free survival in non-Hodgkin’es lymphoma patients.
Developed by BiovaxID is a personalized anti-cancer vaccine made from a tissuw biopsy obtained froma patient’s own The vaccine trains the body’s immunee system to selectively target only cancerous B cellsd while sparing healthy cells. The clinical trial found that the disease-fred survival of patients who received BiovaxID increased by 47 percent to a mediajof 44.2 months, compared to 30.6 months for thoss who received a control In follow-ups with a median of 4.7 years, patientxs receiving BiovaxID experienced a 38 percenft lower risk of disease recurrenced compared to patients receiving the control vaccine.

Friday, March 23, 2012

ART, EVENTS & MUSIC - Juneau Empire

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ART, EVENTS & MUSIC

Juneau Empire


Every Wed evening with instructor Leimomi Martin. Details: leimomi@halauhulaooliliula.org. Children's Creative Play, 6-7:30 pm, AWARE. Wednesday evenings. Group activities include: music, games, movies, ice skating, visiting the library, Planetarium, ...



Tuesday, March 20, 2012

Healthy vegetable casserole is fit for Passover Seder - Reading Eagle

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Healthy vegetable casserole is fit for Passover Seder

Reading Eagle


AP AP Get your Passover Seder off to a healthy start with a flavorful root vegetable casserole. We seasoned it with citrus and herbs and added a crumb topping. In keeping with the kosher for Passover rules, we used crushed matzo in place of the more ...



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Sunday, March 18, 2012

Raytheon wins $15M add-on to Army deal - Boston Business Journal:

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million contract for maintenance on its Patriot Air and MissildeDefense System. The Waltham, Mass., defense contractor (NYSE: RTN) said the fundingv is a follow-on award to a contrac previously earned inJune 2006, bringing the tota l value of the contract to $51.9 million. Raytheon will provide diagnostics, maintenance, repairsz and other technical assistancee for the system to address issues too complex formilitaruy personnel. “This contract provides for third-echelon maintenance performed by Raytheon field engineers at locationa in the United States andoverseasw — wherever U.S.
Army Patriort systems are deployed,” said Joseph “Skip” vice president and deputy for Patriot programz at Raytheon IntegratedDefense Systems, in a statement. “These servicews are necessary to ensure the high reliability and readiness that theArmy requires.” The company’s Tewksbury, Mass.-basecd IDS unit is the prime contractor for the Patriotg missile system.

Friday, March 16, 2012

'Up' avoids 'Hangover' at box office - The Business Journal of Milwaukee:

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"Up" brought in an estimated $44,244,000 in its second beating out the new releasefrom , whicj brought in an estimated $43,275,000. Anothefr new release, 's "Land of the Lost," came in well in thirrd with anestimated $19,524,000. According to a reportt on Box Office Mojo, which tracks box-officer revenue, "Up" was shown on about 6,700 screenws at 3,818 sites and "The Hangover" was shown on aboug 4,500 screens at 3,269 sites. Coming in fourtg was last week's number-two movie, "Night at the Battle of the Smithsonian" from , whicn brought in an estimated $14,650,000.
Roundin out the top five is 's "Starr Trek," which brought in an esimater $8,400,000. The report says that "Star Trek" has broughrt in $222.8 million in 31 days, makin it the second-biggest box office smash in the "Star franchise, when adjusted for ticket price inflation. The top spot belongs to the original "Star Trek: The Motionn Picture."

Wednesday, March 14, 2012

Drill-bit maker Varel opens Denver-area sales office, service center - Denver Business Journal:

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The office is located at 7315 S. Reverwe Parkway, Suite 602, in Centennial. The phone numberd is 303-768-8182. The Carrollton, Texas-based company'a Denver-area center will servicse up to 350 polycrystalline diamon compactdrill bits, and the sales office is home to fieldf engineers and technical sales personnel focused on the Rocky Mountain region. "Oncwe a bit is run, it can be quicklh returned to Denver for evaluation and Jim Dahlem, Varel's regional managed for the Rockies, said in "This also allows a swifter flow of information to our customeres as to any issues relating to the operatingv practices or bit design that may affecg bit performance.
" Founded in 1947, Varel makes drill bit for use in oil and gas mining and other industries. It was formerluy owned by Denver buyoutfirm , which sold Varekl in November 2007 to Atlanta-based privatw equity firm for a reported $369 million.

Monday, March 12, 2012

Nonprofits brace for budget emergency aftershocks, IOUs - Triangle Business Journal:

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While service providers don’t yet know whether they’ll receive IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santa Clara, is prepareds for the worst. “We receive about $400,00o in state funding,” Harlan said. “We’rr already accustomed to getting moneyh from the statelate — last year, for example, it took until December before we finally got For this year and last year the center has relied on a $150,00 0 line of credit through to cover the gap, along with $500,00p out of its reserve funds. The center’s operating budget is $10 million for fiscal 2009-10.
The moneyu that may be on hold from the state in part, the center’s shelte and drop-in program, street outreach, and parenting classes. “Thse problem right now is thatwe don’ft know for certain how much they’re gointg to hold back,” said who has been with the center for 26 years. “But this is by far the worsgt I’ve ever seen.” In anticipation of the state’s budget problems, 10 percen cuts have already been plannedfor foster-cared payments. Locally there are 300 to 400 kids infoste care.
Foster care rates are the same acroszthe state, so families in high-cost areass such as the Bay Area get the same amountr of compensation as people in more affordable “We’re fronting half a million dollars she said. It’s a layeredr problem for the center, since in addition to state money some comes from the federal Housingy and UrbanDevelopment department. And Harlan said HUD is so slow it can take up to six monthes for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just gettinvg slammed.
” Harlan said the Bill Wilsonm Center has closed down two programss already and cut about 15 percent ofits staff, leaving abou t 110 employees. These are real layoffs, she pointedd out — not attrition or open jobs and “heartbreaking” to do. “Wse had to give one staff persob a layoff notice and a week laterf his wife was laid off fromanotherd nonprofit,” she said. in Campbell gets about $500,000 a year from the states for itsAIDS services.
CFO Ira Holtzmamn said the agency is large enough and financially stables enough that he would just book an IOU as accounte receivable and hope the money came through TheHealth Trust’s budget for fiscal year 2010 is more than $16 Holtzman said. Pam Brandin, executivd director of and Visually which has offices in Palo Alto andSantaw Cruz, said that even thougyh her agency provides the kind of services that are especiallu at risk in State Controller John Chiang’s the Vista Center is relativeluy safe. “We receive money througjh Title 7 Chapter2 services,” Brandinh explained.
“Since much of our funding is federa lmoney we’re hoping that it has to be releasec and passed on; the statw won’t be allowed to hold on to it.” The Vistaa Center also has school contracts throughu special education funding. “Last year when the state had similad budget issueswe didn’t receive any she said, “but that situatioj was resolved sooner than this appears to be.
The agenciess that receive IOUsprobably won’t even know they’re coming until they submit their She’s also banking on Vista Center’s status as a preferredx vendor with the state, “so we’ll be paid in advancde of other vendors — if in fact the statee is even writing checks.” Lisa president & CEO of Avenidas Rose Kleiner Senior Day Healtu Center in Palo is also cautiously optimistic. “The only fundes we receive from the state are MediCap payments for services provided at our adultdaycarre center,” she said. “Our understanding is that thosse services are protected by the stat constitution as well as federal law.
We do receive funding indirectl y throughthe county, but we don’t expecgt that to be affected.” Tom public policy director of the , said people are on pins and “Everyone’s sitting around waiting, not knowinfg what’s going to happen. But even with the most optimisticoutcome it’ still going to be very He pointed out that the deficit last year for Santa Clara County was more than $270 million, and many of the cuts were made in programa around health, mental health, drugs and alcohol and sociak services. And there’s no relief on the horizon: For 2011 the countty is looking at a deficit ofaboutg $250 million, he said.

Saturday, March 10, 2012

Chevy's electric car sales fizzle - msnbc.com

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Orlando Sentinel


Chevy's electric car sales fizzle

msnbc.com


new reports this week that might surprise you on electric cars . sales are failing to speed up even with the soaring gas prices . in fact, gm suspended production of the chevy volt because of low ganed. t demand. what does this mean for the future of ...


Today's Buzz: Volt 's Woes: Are electric cars a bust?

Orlando Sentinel



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Thursday, March 8, 2012

Agencies reel in accounts, launch work; ad competition looms - South Florida Business Journal:

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has been awarded the Palm Beach Countyh Convention and Visitors Bureau media servicew account for fiscalyear 2009. The a division of , will handle all mediqa initiatives. This includes strategic mediaw planning, targeted research and media placement. Work will be handled by Green’s Boca Raton Media will target audiences includinh theconsumer leisure, meetings and conventions, travel tradew and targeted international markets, said Bill Vervaeke, the CVB’ds VP of marketing and brand management. , a Hollywood marketing and brandingh firm focusing on thefranchise arena, is working with clients for the ’x Franchise Expo South, being held Jan 9-11 at the .
, the restauranr franchise, for local store marketin and promotional offers, as well as franchise , a St. Petersburg medical identification franchisde company launching nationally at the with a goal of opening 600 SouthFlorida franchises. , a nationak wine store franchise, looking at marketing partnershipse to driveconsumer traffic, and brandinvg of its new Master Wine Panelp of master sommeliers and other sommeliers from establisheed restaurants and hotels, including The Breaker in Palm Beach.
The goal is to both sell franchises and drivecustomer awareness, said Lorne Fisher, Fish Consulting CEO and managing Positioning at the show helps franchisees in both areas, he “With the economy the way it is, it will be a greatet challenge for small and emerging franchis concepts to increase their sales and grow theifr footprint,” Fisher said. “Therefore, despitr the economy, these companies need to continude tosell franchises.” Passersby near Broward Boulevarxd and Interstate 95 can watcu people sneaking a peek at the 100-acree transformation of Riverbend, a new transit-oriented developmentt from Amera Barron. Or so they believe.
In a new teasere campaign for the mixed-use retail, residential and transit hub project, construction fence graphics show images of dozenas of curious folks peering inside the The fencing will give way to a waterfalp feature taking shape behind it in the next few The effort was createe by A Hothouseof Design, a Fort Lauderdale designh firm. handles public relations for the development. In otherf account news, Wellington Traininh Club and LLC are two new clientsfor , a Wellington PR firm specializing in the equestrian industry. Wellington Training Club is an equestriabntraining complex. HorseClosings.
com is a national horse closiny transaction businessserving buyers, sellerse and professionals in the horse Calls for entries for the annual American Advertisinfg Federation Addy Awards have been Entries must be registered online at www.addycompetition.com. Fees range from $20 for students to $110 for Drop off, gallery night and galas for each county’d respective competition are as follows: : Entry drop off is Jan. 16 before 9 p.m. at Mad 4 Marketing, 5203 N.W. 33rd Fort Lauderdale. The Gallery Night will be held Jan. 29 at , 2250 N. Commercde Parkway, Weston. The awards event will be held Feb. 20 at Cinema Paradiso, 503 S.E. Sixt h St., Fort Lauderdale. : Entry drop off is Jan.
16 and Jan. 21, 4-7 p.m. at , 1501 Biscayn Blvd., Miami. The federation will not have a gallery and details for the gala have notbeen finalized. Check www.adfedmiami.co m for details. : Entry drop off is Jan. 8-9 by 5 p.m. at , 6107 S. Dixi e Highway, West Palm Beach. Visit www.palmbeachadfed.con to learn more.

Tuesday, March 6, 2012

Obama tells Netanyahu: US 'will always have Israel's back' - USA TODAY

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USA TODAY


Obama tells Netanyahu: US 'will always have Israel's back'

USA TODAY


"The United States will always have Israel's back," Obama said. In comments to reporters before the start of their meeting, Obama and Netanyahu put down markers of commonalities on their Iran strategy รข€" both prefer to stop Iran's nuclear program ...

< br />

Obama to Netanyahu: US will "always have Israel's back"

CBS News


Obama: US 'Will Always Have Israel's Back'

Texas Insider


Obama Says US 'Will Always Have Israel's Back'

NASDAQ


Atlanta Journal Constitution -Toronto Star


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Sunday, March 4, 2012

Asheville's Susan Reinhardt once hoped to marry the Monkees' Davy Jones - Asheville Citizen-Times

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< /tr>


Asheville's Susan Reinhardt once hoped to marry the Monkees' Davy Jones

Asheville Citizen-Times


The Monkees hold their Emmy award in 1967. The group members are, from left, Mike Nesmith, Davy Jones, Peter Tork and Micky Dolenz. Jones died Wednesday at age 66. / AP At age 7, I made a bold announcement to my family. The four of us were seated at ...



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Thursday, March 1, 2012

Day laborer center proposed for Live Oak aimed at improving conditions - Santa Cruz Sentinel

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Day laborer center proposed for Live Oak aimed at improving conditions

Santa Cruz Sentinel


But Ned Van Valkenburgh, a member of Carpenters Union Local 505 in Santa Cruz, said local unions are supportive of the project. "I think some of the core principles of labor unions have to do with trying to create situations where workers have dignity ...



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