ysynut.wordpress.com
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera's CEO, will becomes the chairman of the andColin Jeavons, Firstlight's CEO, will becomde the CEO. Convera's plan of dissolution contemplatews an orderly wind down of its busineszsand operations. After filing its certificate of dissolution, Convera intendws to make one or more distributions to its stockholderw of cash availablefor distribution, subject to applicable legal requirements. Convera will then delist its commonh stockfrom Nasdaq. The new company will bring together the verticaol search technology of Converaa and the advertising sales and marketing capabilitie sof Firstlight.
It will have over 60 corporatre customer accounts and 120 existing Web sites withapproximately 1,50 0 advertisers. When the merger becomes effective, Convera will own 33.3 perceng and Firstlight will own 66.7 percent of the totalk outstanding common stock of thenew company, subject to certain adjustments whic h may enable Convera to own up to 42 percenf of the new company prior to the distribution. The mergeer is subject to Convera stockholders' approval and certaij other customaryclosing conditions. The merger is expected to closethis summer.
Thursday, December 15, 2011
Tuesday, December 13, 2011
More trespassing arrests in Cuba - Wellsville Daily Reporter
humojo.wordpress.com
More trespassing arrests in Cuba Wellsville Daily Reporter Cuba police charged four more 17-year-old boys, two of them over the weekend, with trespass following the November theft of handguns and money from a Stoll Road residence. The three guns are still missing, Police Chief Dustin Burch said ... |
Sunday, December 11, 2011
Varnett Public School builds administrative headquarters - Houston Business Journal:
ihituvofy.wordpress.com
The building is the first of its kind for the Houston open-enrollment charter school, which was formed as a privated school in 1984. Varnet t received its open-enrollment charter in 1998. Enrollmenf is more than 1,400 students in grades pre-kindergarten through fifth grade spread between threecampuses southwest, northeast and east. “We have alwayz dreamed of having our own administrativse building located on the campus of one of our Annette Cluff, superintendent of Varnett, said in a “It is definitely a milestonse for us as we approach our anniversary and celebrate the commitment we have made to provide a first-rate educational program in the Houstoh area.
” The 6,000-square-foot facility will houswe Varnett’s district administrative offices, includinf registration, transportation, human resources, communication and curriculum, and it will serve as a meeting placew for the school’s board of It will also feature a large conference room, a full kitchenb and break room.
The building is the first of its kind for the Houston open-enrollment charter school, which was formed as a privated school in 1984. Varnet t received its open-enrollment charter in 1998. Enrollmenf is more than 1,400 students in grades pre-kindergarten through fifth grade spread between threecampuses southwest, northeast and east. “We have alwayz dreamed of having our own administrativse building located on the campus of one of our Annette Cluff, superintendent of Varnett, said in a “It is definitely a milestonse for us as we approach our anniversary and celebrate the commitment we have made to provide a first-rate educational program in the Houstoh area.
” The 6,000-square-foot facility will houswe Varnett’s district administrative offices, includinf registration, transportation, human resources, communication and curriculum, and it will serve as a meeting placew for the school’s board of It will also feature a large conference room, a full kitchenb and break room.
Friday, December 9, 2011
Filene
afukakuja.wordpress.com
The two companies said they willpay $62.4 milliobn for Filene's, according to . Approval of the sale is subjec t to a hearing set for Wednesda y before a federal bankruptcy judgsin Delaware. Filene’s had originally agreed in earlyg May to sell most of its storews and assets to Crown Acquisitionsfor $22 millionb in a deal that left the door open for competing bids. Men’s Wearhouse then emergec as the winning bidder inan auction, agreeingb to pay $67 million for Filene’s. Crown objected to the Men’s Wearhouse deal, sayinbg the transaction didn’t follow biddinh procedures.
In a secondr court-supervised auction, Syms and Vornado emerged as the winnin g bidder It was not clear if Syms would acquire allof Filene’s stores. Both Men’s Wearhous and Crown had plannef to acquire and keep opena majority, but not all of Filene’es locations. Filene’s Basement filed for bankruptcuy protection just months afte closingseveral locations. This is Filene’es Basement’s second bankruptcy filing.
The 100-year old retailer filed for bankruptcgy protection in 1999as
The two companies said they willpay $62.4 milliobn for Filene's, according to . Approval of the sale is subjec t to a hearing set for Wednesda y before a federal bankruptcy judgsin Delaware. Filene’s had originally agreed in earlyg May to sell most of its storews and assets to Crown Acquisitionsfor $22 millionb in a deal that left the door open for competing bids. Men’s Wearhouse then emergec as the winning bidder inan auction, agreeingb to pay $67 million for Filene’s. Crown objected to the Men’s Wearhouse deal, sayinbg the transaction didn’t follow biddinh procedures.
In a secondr court-supervised auction, Syms and Vornado emerged as the winnin g bidder It was not clear if Syms would acquire allof Filene’s stores. Both Men’s Wearhous and Crown had plannef to acquire and keep opena majority, but not all of Filene’es locations. Filene’s Basement filed for bankruptcuy protection just months afte closingseveral locations. This is Filene’es Basement’s second bankruptcy filing.
The 100-year old retailer filed for bankruptcgy protection in 1999as
Wednesday, December 7, 2011
Idea Integration to offer Microsoft stimulus package - Business First of Buffalo:
idozxun.blogspot.com
Idea Integration is one of six companies inthe U.S. chosen by to offeer Microsoft Stimulus360. “They’ve cobbled together a lot of Microsof t technology as a solution that can drop into a syste m and immediately track stimulus dollarsw and apply forstimulus dollars,” said Sandg Bateh, a senior vice president at Idea Integrationb and the company’s Microsofg alliance manager. The package is aimex at state and local governments trying to get their shars of the stimulus mone and to trackits use. Idea Integration and the other five companieds offering the package were chosen because of theifr familiarity with all of the applications inthe package.
“Yoi have to understand the five underlying piecees ofthe technology,” Bateh said. Idea Integration will be competingt with the other five companies forgovernment clients. Bateh said the most promisin g sector islocal governments, sincr most of the stimulus money ultimately gets spent at that Bateh said the alliance with Microsoft gives Idea Integration a chance to land new clients. “It’sw a great opportunity for companies like us because it givesanother entry, it’s a door-opener,” he
Idea Integration is one of six companies inthe U.S. chosen by to offeer Microsoft Stimulus360. “They’ve cobbled together a lot of Microsof t technology as a solution that can drop into a syste m and immediately track stimulus dollarsw and apply forstimulus dollars,” said Sandg Bateh, a senior vice president at Idea Integrationb and the company’s Microsofg alliance manager. The package is aimex at state and local governments trying to get their shars of the stimulus mone and to trackits use. Idea Integration and the other five companieds offering the package were chosen because of theifr familiarity with all of the applications inthe package.
“Yoi have to understand the five underlying piecees ofthe technology,” Bateh said. Idea Integration will be competingt with the other five companies forgovernment clients. Bateh said the most promisin g sector islocal governments, sincr most of the stimulus money ultimately gets spent at that Bateh said the alliance with Microsoft gives Idea Integration a chance to land new clients. “It’sw a great opportunity for companies like us because it givesanother entry, it’s a door-opener,” he
Monday, December 5, 2011
Local health care organizations weigh in on Obama proposal - Minneapolis / St. Paul Business Journal:
ivyhofy.wordpress.com
They agree with Obama that reform of the system isurgentlyu needed, but they also worry aboutf the shape a final plan might take. “The phrasw we use over and over againm is that the devil is inthe details, and that is the fact with this said Dr. Noel Peterson, president of the . One of the biggesft issues involves Obama’s proposal to create a national public health plan to provids health insurance for those withoutemployer coverage. Peterson and otherss say the massive federal and Medicaifprograms don’t fully reimburse Minnesotsa health providers and they worry that a new national plan would do the same. St.
Paul-basedx receives half its revenue from Medicareand Medicaid, said Rogert Green, HealthEast’s vice president of policy and marketing. “Thosse revenues don’t cover the costs of covering those patients, so anythingt that expands that pool could make it more difficult for us because it shifts the cost to a smaller portio of our patient base,” Green said. The problem for Minnesota healt providers is that they are trying to reduce unnecessaryt procedures as federal reimbursement formulas focus on the quantit y ofservices provided, said Donna Zimmerman, vice presidentf of government and community relations at Bloomington-based healt provider and insurer HealthPartners.
however, likes that Obama’s proposal includes a shifr toward rewarding providers that providebetted care. “Barack Obama is talking about paying for qualituyof outcomes, and if that were the case, we’rd be supportive of such a Zimmerman said. Obama is calling for some things that Minnesota isalready implementing, such as electronic systems for medicalk records. The Obama plan also calls for more efforts to promotpublic health, including efforts to reduce smokingg and bad eating habits. “That is all rightg in line withwhere we’re going and where we want to push further,” Zimmerman said.
Julie executive director of the , is hopefupl that Obama will push a health care plan through Congressw that will bring coverage toeveryone — a goal the councio has been pushing for years. Minnesot a has one of the lowest uninsured rates inthe nation. The state estimatesa about 374,000 Minnesotans, or 7.2 were uninsured in 2007. Gov. Tim Pawlentt in May signed a bill intended to connecgt more uninsured people withinsurance Obama’s plan “certainly fits the vision we have put forwar d for a long time for universal coverage,” Brunner No matter what, many agree that the systemk can’t fiscally survive in its present form.
alonse is facing projected $147 million in annual lossez starting in 2010 due to the larg number of baby boomers heading into a federal Medicar program that is already saidMark Skubic, the St. Louis Park-basefd health system’s vice president of government relations. “ I think there’s a growing sense out there that the system has to be because we’re five yeares away from a system collapse,” Skubic said.
Highlights of President-elect Obama’sd health care plan:
They agree with Obama that reform of the system isurgentlyu needed, but they also worry aboutf the shape a final plan might take. “The phrasw we use over and over againm is that the devil is inthe details, and that is the fact with this said Dr. Noel Peterson, president of the . One of the biggesft issues involves Obama’s proposal to create a national public health plan to provids health insurance for those withoutemployer coverage. Peterson and otherss say the massive federal and Medicaifprograms don’t fully reimburse Minnesotsa health providers and they worry that a new national plan would do the same. St.
Paul-basedx receives half its revenue from Medicareand Medicaid, said Rogert Green, HealthEast’s vice president of policy and marketing. “Thosse revenues don’t cover the costs of covering those patients, so anythingt that expands that pool could make it more difficult for us because it shifts the cost to a smaller portio of our patient base,” Green said. The problem for Minnesota healt providers is that they are trying to reduce unnecessaryt procedures as federal reimbursement formulas focus on the quantit y ofservices provided, said Donna Zimmerman, vice presidentf of government and community relations at Bloomington-based healt provider and insurer HealthPartners.
however, likes that Obama’s proposal includes a shifr toward rewarding providers that providebetted care. “Barack Obama is talking about paying for qualituyof outcomes, and if that were the case, we’rd be supportive of such a Zimmerman said. Obama is calling for some things that Minnesota isalready implementing, such as electronic systems for medicalk records. The Obama plan also calls for more efforts to promotpublic health, including efforts to reduce smokingg and bad eating habits. “That is all rightg in line withwhere we’re going and where we want to push further,” Zimmerman said.
Julie executive director of the , is hopefupl that Obama will push a health care plan through Congressw that will bring coverage toeveryone — a goal the councio has been pushing for years. Minnesot a has one of the lowest uninsured rates inthe nation. The state estimatesa about 374,000 Minnesotans, or 7.2 were uninsured in 2007. Gov. Tim Pawlentt in May signed a bill intended to connecgt more uninsured people withinsurance Obama’s plan “certainly fits the vision we have put forwar d for a long time for universal coverage,” Brunner No matter what, many agree that the systemk can’t fiscally survive in its present form.
alonse is facing projected $147 million in annual lossez starting in 2010 due to the larg number of baby boomers heading into a federal Medicar program that is already saidMark Skubic, the St. Louis Park-basefd health system’s vice president of government relations. “ I think there’s a growing sense out there that the system has to be because we’re five yeares away from a system collapse,” Skubic said.
Highlights of President-elect Obama’sd health care plan:
Friday, December 2, 2011
Silicon Valley Bank vice chairman to oversee wine division - San Francisco Business Times:
ejyceh.wordpress.com
Kellogg joins Bill Stevens, the unit's manager, and Rob its founder, as part of the group's managemeng team, officials said. Santa Clara-based SVB Silicon Valley Bank is the Californiaw bank subsidiary and commercial bankint unitof (NASDAQ: Its wine business has two officesa in the Napa-Sonoma Wine Country, in St. Helena and Santaa Rosa, respectively. "Given the importancse of the Wine Division to SVBFinancial Group, we determinee it was appropriate to have one of our most experiencexd banking executives involved with strategy and direcf client contact," Ken Wilcox, SVB Financial Group's presidentr and CEO, said in a Jan.
16 "Harry's leadership, vision and experience will help us deepem our client and partner relationshipe in thewine industry." Kellog g will be responsible for the wine division's strategy whilde also helping to keep clients and bring in new Officials said the bank has been working with winerieas and vineyards for 15 years, producin g industry analysis reports and offering comprehensived banking services. It employs more than 30 people dedicate d to assisting the wine industrin California, Oregon and Washington.
Kellogg oversees SVB Financia Group's venture capital, private private banking and premium wine He joined the company in just three years aftertits start, as senior vice president of the then-technology The commercial bank's other areas of specializatiob include emerging growth and mature companies in the life science, and private equitg industries.
Kellogg joins Bill Stevens, the unit's manager, and Rob its founder, as part of the group's managemeng team, officials said. Santa Clara-based SVB Silicon Valley Bank is the Californiaw bank subsidiary and commercial bankint unitof (NASDAQ: Its wine business has two officesa in the Napa-Sonoma Wine Country, in St. Helena and Santaa Rosa, respectively. "Given the importancse of the Wine Division to SVBFinancial Group, we determinee it was appropriate to have one of our most experiencexd banking executives involved with strategy and direcf client contact," Ken Wilcox, SVB Financial Group's presidentr and CEO, said in a Jan.
16 "Harry's leadership, vision and experience will help us deepem our client and partner relationshipe in thewine industry." Kellog g will be responsible for the wine division's strategy whilde also helping to keep clients and bring in new Officials said the bank has been working with winerieas and vineyards for 15 years, producin g industry analysis reports and offering comprehensived banking services. It employs more than 30 people dedicate d to assisting the wine industrin California, Oregon and Washington.
Kellogg oversees SVB Financia Group's venture capital, private private banking and premium wine He joined the company in just three years aftertits start, as senior vice president of the then-technology The commercial bank's other areas of specializatiob include emerging growth and mature companies in the life science, and private equitg industries.
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