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After considering about 40 alternate area sites duringva two-year real estate analysis, Black & Veatch said March 23 that it woul keep its growing headquarters operation at 11401 Lamar which it has occupied sincer its original construction in 1976. Black & Veatchh bought the building, whichn was expanded to 600,000 square feet in 1996 and is the largesr office buildingin Kansas, from Chicago-basedr . A consortium of local bank s led by financedthe transaction, which eventually is expected to result in more than 1,00o0 new jobs for Overland Park.
The area’a 12th-largest private-sector employer, Black & Veatch employs 3,800 at five area including morethan 2,300 at the Lamar Avenue headquarters. Aftet the building is expanded, by roughlg 2015, it will accommodate a work force of morethan 3,400. “Blackk & Veatch’s decision to expand in Kansax is a testament toour state’s strontg business climate,” Gov. Mark Parkinson said in a Thursdayg release. “Kansas is known for its safe communities, great schoola and highly educatedwork force. We’rew so glad to have a global leader likeBlac & Veatch make Kansasw the home of its worlr headquarters.
” To retain Blacki & Veatch, Kansas offere d an impact grant worth $25 milliomn for training and capitapl investment. The money will come from withholdingf taxes paid by employees at the Overland Park committed toa 10-year, 75 percentr property tax abatement — the largest percentage abated in city history. “Thw combined support of the state of Kansaxs and the city of Overland Park were instrumentapl in reachingthis milestone,” Len Rodman, Black & Veatchj CEO, said in the release.
“With the completion of this we can now begin to implement at our worlde headquarters the same types of innovative and sustainabled solutions we provide every day for our The new world headquarters will includes asolar courtyard, solar canopy, bio garden and innovation pavilion. It also will have extensive work space, common area, facility and energy-management landscaping enhancements; and rainwater-reuse systemes and stormwater run-off management. When completed, the building will be certifier via the Leadership in Energuy andEnvironmental Design, or LEED, progran of the .
“Bringing these innovative and futuristicv enhancements to an older facility tomeet tomorrow’xs design standards presents a large technicap challenge, but is the most sustainablre solution for the area,” Rodman said in the “It’s a challenge our professionals relisbh and take tremendous pride The company has piloted many of the potentiapl design concepts at its more than 100 globao offices and will draw on its LEED-certifies experts and architecture, engineering and construction talentg for the headquarters expansion project. Black & Veatch ranks No. 1 on the Kansax City Business Journal ’ws list of area engineering firms. The $3.
2 billiobn company is one of the world’s largest consulting and construction firms.
Monday, April 2, 2012
Saturday, March 31, 2012
Fake goods shipped to Africa - This is Leicestershire
ukatekexo.wordpress.com
Fake goods shipped to Africa This is Leicestershire The clothing, footwear and bags â€" including fakes bearing household name brands such as Nike, Adidas, Jack Wills, Ugg and Radley â€" is to be handed to a charity, which will ship it to Zambia. It was seized by Leicestershire County Council's trading ... |
Tuesday, March 27, 2012
Maderis stepping down from Five Prime - Kansas City Business Journal:
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The company has hired Julia Gregory, the formetr executive vice president and chief financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continude to serve onFive Prime’sd board of directors and as a consultant. Her finaol day on the job is June 18. “Gail’s leadershiop has been pivotal in the progress Five Prime has made in developinb our pipeline and our newdiscovery platform,” said company foundeer and executive chairman Dr. Lewis “Rusty” Williams in a pres s release.
Maderis said the company had been lookinvg for a replacement since late last year aftedr doctorssaid "the 24/7 pace of a small-company could worsen her Besides her duties at Five Maderis has been a cheerleader for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old companuy developing antibody and proteinn drugs for cancer andother diseases, was the firsf to locate in Mission Bay, takint about 30,000 feet in the building on Owenx Street. Earlier this year, it took an additional 5,000 square feet next door at 1700 Owen s as it makes batches for its Phase I oncology drug program.
The timing of the executivwe change as Five Prime moves forward with its lead cancer programmakeds Gregory’s appointment a crucial one. At Lexicon, Gregoryg was responsible for financing strategies, mergerzs and acquisitions, business operations and all financial management and She raisedabout $1 billiob in public and private product development financing and other Gregory, who will join Five Prime’s board, was an investment banker for more than 20 years. At and Read & Co. Inc. she was head of healthcare andinvestmenyt banking, leading several private and public equityt deals as well as mergers and acquisitions.
Gregory also is a membert of the board of The andthe ’s .
The company has hired Julia Gregory, the formetr executive vice president and chief financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continude to serve onFive Prime’sd board of directors and as a consultant. Her finaol day on the job is June 18. “Gail’s leadershiop has been pivotal in the progress Five Prime has made in developinb our pipeline and our newdiscovery platform,” said company foundeer and executive chairman Dr. Lewis “Rusty” Williams in a pres s release.
Maderis said the company had been lookinvg for a replacement since late last year aftedr doctorssaid "the 24/7 pace of a small-company could worsen her Besides her duties at Five Maderis has been a cheerleader for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old companuy developing antibody and proteinn drugs for cancer andother diseases, was the firsf to locate in Mission Bay, takint about 30,000 feet in the building on Owenx Street. Earlier this year, it took an additional 5,000 square feet next door at 1700 Owen s as it makes batches for its Phase I oncology drug program.
The timing of the executivwe change as Five Prime moves forward with its lead cancer programmakeds Gregory’s appointment a crucial one. At Lexicon, Gregoryg was responsible for financing strategies, mergerzs and acquisitions, business operations and all financial management and She raisedabout $1 billiob in public and private product development financing and other Gregory, who will join Five Prime’s board, was an investment banker for more than 20 years. At and Read & Co. Inc. she was head of healthcare andinvestmenyt banking, leading several private and public equityt deals as well as mergers and acquisitions.
Gregory also is a membert of the board of The andthe ’s .
Sunday, March 25, 2012
Student group helps create Georgia Tech's Google - Atlanta Business Chronicle:
showarticle-cultura.blogspot.com
The 19-year-old Georgia Tech student has launchedthe "Youngt Entrepreneurs Society" to help studentss transform ideas into businesses. The goal “ies to expose more students to startup culture and also to get more companied started out ofGeorgia Tech,” said Karthikeyan, who moved to the Uniter States from Dubai two years ago. The Yountg Entrepreneurs Society, funded with a one-timse $2,500 grant from Georgia Tech’s Collegwe of Computing, provides access to seasonedf entrepreneurs, tickets to startup events and potentially internships atlocaol companies. The group of about 50 to 60 studenteattend twice-weekly meetings.
A third of the members have a startup they’re working on, while another thirde are at the idea-stage. a second-year computer science major, was motivated to launch the group afterattending , a two-dau event during which dozens of ideas are distilledx into a handful of technology startups. The Startul Weekend experience, Karthikeyan said, made him realize how his fellow-Georgis Tech students had “reallgy great ideas,” but weren’t commercializinfg it. “You don’t hear abou a Twitter, or Facebook, or Googl that came out Georgia Tech,” he said.
Karthikeyan’s collegee group might be at the botton of the Atlanta tech food But his efforts atnurturinb tomorrow’s technology companies will be profoundly felt by everyone up the
The 19-year-old Georgia Tech student has launchedthe "Youngt Entrepreneurs Society" to help studentss transform ideas into businesses. The goal “ies to expose more students to startup culture and also to get more companied started out ofGeorgia Tech,” said Karthikeyan, who moved to the Uniter States from Dubai two years ago. The Yountg Entrepreneurs Society, funded with a one-timse $2,500 grant from Georgia Tech’s Collegwe of Computing, provides access to seasonedf entrepreneurs, tickets to startup events and potentially internships atlocaol companies. The group of about 50 to 60 studenteattend twice-weekly meetings.
A third of the members have a startup they’re working on, while another thirde are at the idea-stage. a second-year computer science major, was motivated to launch the group afterattending , a two-dau event during which dozens of ideas are distilledx into a handful of technology startups. The Startul Weekend experience, Karthikeyan said, made him realize how his fellow-Georgis Tech students had “reallgy great ideas,” but weren’t commercializinfg it. “You don’t hear abou a Twitter, or Facebook, or Googl that came out Georgia Tech,” he said.
Karthikeyan’s collegee group might be at the botton of the Atlanta tech food But his efforts atnurturinb tomorrow’s technology companies will be profoundly felt by everyone up the
Friday, March 23, 2012
State budget concerns stall USF pharmacy program - South Florida Business Journal:
llrx-royce.blogspot.com
A bill pending in the establishingfa four-year doctor of pharmacyt degree program at USF is stallec as lawmakers grapple with a budget crisis. Withouty legislative approval, the program could be exacerbating a shortage of pharmacists inthe state. The university isn’tt asking for any money for the programrightt now, although it planzs to seek state support beginning in fiscal year But, with the state facing a budget shortfall for the upcoming fiscal Senate staffers are blocking progress of any spendinf bills, USF President Judy Genshaft told a board of trustee workgroup on April 16.
Genshaft askedr trustees and others at the meeting tosend e-mailds to Senate leaders urging passage of the “The pharmacy program is about providinfg for the needs of the said Rhea Law, president of the boarfd of trustees, adding that retailerss such as (NYSE: WAG) and insurers such as are in need of more pharmacistx in Florida. “The state wouldd put money into incentives to bring thesejobs here,” Law said. voted in January to approvw the USF pharmacy but the Legislature also needs to give its OK becausee pharmacists are licensed bythe state.
Identicalp measures pending in the House and Senate authorize the The House bill isprogressin smoothly, but the Senatre measure, sponsored by Sen. Mike Fasano, R-New Port is being held up, Genshaft Fasano did not return a callfor comment. The universitg is using funds from corporate andprivate donors, including a $1 millio n anonymous gift, for the initial planning. For fiscalo year 2011-12, when the first class of 50 studentszwould enroll, USF is asking for $1.4 millionj from the state, followed by $2.7 milliohn in FY 2012-13. The program is expected to reach full capacityy at 400 studentsin 2016. Tuitiob would cover about 70 percent ofthe costs.
If the Legislature doesn’ft approve the program, USF coulcd delay it for one year and ask for statee funds beginning in FY Genshaft said. She’s also looking at alternative funding such asincreasing tuition, more fundraising to increases private investment and reallocatinhg other university resources. Five other Florida institutions offer doctor ofpharmacyt degrees. Genshaft said none have objected to theUSF program.
A bill pending in the establishingfa four-year doctor of pharmacyt degree program at USF is stallec as lawmakers grapple with a budget crisis. Withouty legislative approval, the program could be exacerbating a shortage of pharmacists inthe state. The university isn’tt asking for any money for the programrightt now, although it planzs to seek state support beginning in fiscal year But, with the state facing a budget shortfall for the upcoming fiscal Senate staffers are blocking progress of any spendinf bills, USF President Judy Genshaft told a board of trustee workgroup on April 16.
Genshaft askedr trustees and others at the meeting tosend e-mailds to Senate leaders urging passage of the “The pharmacy program is about providinfg for the needs of the said Rhea Law, president of the boarfd of trustees, adding that retailerss such as (NYSE: WAG) and insurers such as are in need of more pharmacistx in Florida. “The state wouldd put money into incentives to bring thesejobs here,” Law said. voted in January to approvw the USF pharmacy but the Legislature also needs to give its OK becausee pharmacists are licensed bythe state.
Identicalp measures pending in the House and Senate authorize the The House bill isprogressin smoothly, but the Senatre measure, sponsored by Sen. Mike Fasano, R-New Port is being held up, Genshaft Fasano did not return a callfor comment. The universitg is using funds from corporate andprivate donors, including a $1 millio n anonymous gift, for the initial planning. For fiscalo year 2011-12, when the first class of 50 studentszwould enroll, USF is asking for $1.4 millionj from the state, followed by $2.7 milliohn in FY 2012-13. The program is expected to reach full capacityy at 400 studentsin 2016. Tuitiob would cover about 70 percent ofthe costs.
If the Legislature doesn’ft approve the program, USF coulcd delay it for one year and ask for statee funds beginning in FY Genshaft said. She’s also looking at alternative funding such asincreasing tuition, more fundraising to increases private investment and reallocatinhg other university resources. Five other Florida institutions offer doctor ofpharmacyt degrees. Genshaft said none have objected to theUSF program.
Wednesday, March 21, 2012
GM files for bankruptcy, plans to transfer operations to Wentzville - Business Courier of Cincinnati:
younkinesagugad1746.blogspot.com
Some operations and equipment from a steek stamping plant inGrand Rapids, which is slated to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville It's not yet known how many, if any, Michiga employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambiu at9 a.m. Monday to assure him the loca l plant wouldremain open. "It's good that they are shippintg in work forthis plant," Lambi said.
"That's a positive that corporate thinks this plant willbe Still, Lambi said, rival automaker Chrysler plans to shuttert its Fenton factors after investint $130 million in them, so it was important for Wentzvillw to not rely on GM so much and diversify its revenue stream. When Lambi took officr seven years ago, Wentzville countedx on GM for about 55 to 60 percent of itstota revenue. Today, that's more like 15 perceng of the city's $24 million generalk fund, because GM pays the city about $3 millio a year in real estate property taxes and other he said.
GM on Monday by the end of but the Wentzville plant was sparedbecause it’s the only plangt where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announced and other production cuts in June and July that will resulty in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is amont the largest in U.S. history and largest-everd U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billiobn in assets, according to the filed in New York. GM to St.
largest privately held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-track bankruptct and provides $30 billion of additional taxpayer fundsa to restructure. The GM plan as detailex by U.S. officials would allow a much smaller GM to emerges from court protection within 60 to 90 The automaker has not provided an updated target for job cuts but was lookinhg toeliminate 21,000 U.S. factory jobs from the 54,000 union memberzs it now employs. Generakl Motors employs 92,000 in the Unitee States and is indirectly responsiblefor 500,000 retirees. The U.S.
government woulde hold a 60 percent financial interest in areorganizee GM, and the UAW would take a 17.5 percent The governments of Canada and the provinc e of Ontario have agreed to a 12 percenyt ownership stake in exchange for financial aid. GM bondholdersx would get 10 percent. "It’xs a bittersweet thing," Wheeler said. "You hate to have to go through the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibranr company we once were.
" Download a copy of the
Some operations and equipment from a steek stamping plant inGrand Rapids, which is slated to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville It's not yet known how many, if any, Michiga employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambiu at9 a.m. Monday to assure him the loca l plant wouldremain open. "It's good that they are shippintg in work forthis plant," Lambi said.
"That's a positive that corporate thinks this plant willbe Still, Lambi said, rival automaker Chrysler plans to shuttert its Fenton factors after investint $130 million in them, so it was important for Wentzvillw to not rely on GM so much and diversify its revenue stream. When Lambi took officr seven years ago, Wentzville countedx on GM for about 55 to 60 percent of itstota revenue. Today, that's more like 15 perceng of the city's $24 million generalk fund, because GM pays the city about $3 millio a year in real estate property taxes and other he said.
GM on Monday by the end of but the Wentzville plant was sparedbecause it’s the only plangt where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announced and other production cuts in June and July that will resulty in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is amont the largest in U.S. history and largest-everd U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billiobn in assets, according to the filed in New York. GM to St.
largest privately held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-track bankruptct and provides $30 billion of additional taxpayer fundsa to restructure. The GM plan as detailex by U.S. officials would allow a much smaller GM to emerges from court protection within 60 to 90 The automaker has not provided an updated target for job cuts but was lookinhg toeliminate 21,000 U.S. factory jobs from the 54,000 union memberzs it now employs. Generakl Motors employs 92,000 in the Unitee States and is indirectly responsiblefor 500,000 retirees. The U.S.
government woulde hold a 60 percent financial interest in areorganizee GM, and the UAW would take a 17.5 percent The governments of Canada and the provinc e of Ontario have agreed to a 12 percenyt ownership stake in exchange for financial aid. GM bondholdersx would get 10 percent. "It’xs a bittersweet thing," Wheeler said. "You hate to have to go through the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibranr company we once were.
" Download a copy of the
Monday, March 19, 2012
American Bio Medica secures $1.5M credit line - Pacific Business News (Honolulu):
vykyvimote.wordpress.com
The 3-year agreement with New York City-based providez American Bio Medica (Nasdaq: ABMC) with a $1.5 milliojn revolving line of credit. This line replacew one of the Kinderhook, N.Y. drug-test kit manufacturer’s previous credit facilitiew with . That line was for up to About $650,000 of the proceeds from the new line have been used to repayuFirst Niagara, which is based in Lockport, N.Y. The rest will be used to providse American Bio Medica with increasef liquidity for general corporate includingworking capital.
“Given the current status of thefinancial markets, we are pleased with the completiob of this refinancing, and we appreciate the support provide by Rosenthal and Rosenthal, enablinb us to increase the size of our line of creditr facility,” said Stan Cipkowski, CEO of American Bio Medica. “The additionap borrowing capacity will provide the companyh with access to capital resources enablin g us to weather these difficulteconomic times, as well as provide resourcees for our anticipated growth in the eventual He said the company now will focus on obtainingb new loans to replace its curren term note and real estate mortgage with Firstt Niagara.
Those credits total about $1 million.
The 3-year agreement with New York City-based providez American Bio Medica (Nasdaq: ABMC) with a $1.5 milliojn revolving line of credit. This line replacew one of the Kinderhook, N.Y. drug-test kit manufacturer’s previous credit facilitiew with . That line was for up to About $650,000 of the proceeds from the new line have been used to repayuFirst Niagara, which is based in Lockport, N.Y. The rest will be used to providse American Bio Medica with increasef liquidity for general corporate includingworking capital.
“Given the current status of thefinancial markets, we are pleased with the completiob of this refinancing, and we appreciate the support provide by Rosenthal and Rosenthal, enablinb us to increase the size of our line of creditr facility,” said Stan Cipkowski, CEO of American Bio Medica. “The additionap borrowing capacity will provide the companyh with access to capital resources enablin g us to weather these difficulteconomic times, as well as provide resourcees for our anticipated growth in the eventual He said the company now will focus on obtainingb new loans to replace its curren term note and real estate mortgage with Firstt Niagara.
Those credits total about $1 million.
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