On Second Try, Flyers beat Devils in Game 1 - New York Times

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USA TODAY

On Second Try, Flyers beat Devils in Game 1 New York Times Philadelphia won, 4-3, when yet another of the Flyers' high-scoring forwards, Danny Briere, rifled a slap shot past a screened Martin Brodeur at 4 minutes 36 seconds of overtime. It was a deflating ending for the Devils, who advanced by defeating ... Flyers Defeat Devils 4- 3 in Overtime in Second-Round NHL Opener Bloomberg Briere's OT goal lifts Flyers past Devils NHL.com Briere nets winner, Flyers edge Devils in OT, 4-3 SI.com USA TODAY  »

Griffin Industries gives $6M for NKU informatics center - Business Courier of Cincinnati:

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The gift, which will be matched by $1 milliomn from Kentucky’s Comprehensive Universithy ExcellenceTrust Fund, will provide state-of-the-art equipmentt for the $52.8 million facility, to be calledf Griffin Hall. The state has fundedx $35.5 million for the construction ofthe “green” building, whichg is designed for LEED Silver and NKU is raising the NKU’s College of Informatics includes three academic plus the Infrastructure Managemengt Institute. The new facility will include a Computer Assisted Virtua Environment anda "Digitorium" to run complesx simulations of in homeland security, computer and financialo security.
Griffin Industries, based in Cold is a family-owned company that collects animaol wastes and cooking fatsfrom meat-processinvg facilities and bakeries, then convertws that raw material into a variety of productas used as lubricants, fuels, fertilizers and ingredients in pet food and anima l feed.

METALS-Copper highest in more than 2 weeks, demand eyed - Reuters

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Business Today

METALS-Copper highest in more than 2 weeks, demand eyed Reuters Benchmark copper on the London Metal Exchange (LME) rose to $8252.25 a tonne at 1041 GMT, up 0.6 percent from a close of $8205 on Wednesday. It earlier hit its highest level since April 10 at $8265 a tonne. Copper extended gains from the previous ... Base metals out look for 2012 Business Today Bank of China Becomes Member of the London Metal Exchange BusinessWeek METALS-Copper holds near 2-week high after Fed statement Reuters Africa Ninemsn -China Daily -4-traders  »

Magazine: Dallas chamber takes top honors for economic development - Dallas Business Journal:

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The magazine list the top 10 best-performing economi c development agencies based on criteria such as abilit to generatebreakthrough deals, total jobs createdc and total capital investment. Deals including the $100 millioh project that is set toadd 2,500 jobs to the area, a $170 millioj investment by which should add 1,509 jobs and a $27 millio project which should add 500 jobs, helpedr propel the Dallas chambeer onto Site Selection's top 10 The magazine doesn't rank the top 10 in a first-through-tenth McAllen's economic development agency in South Texas also made the top 10 The deals helped make the Greater Dallas Chamber an overalpl top group winner, Site Selection magazine said.
"Economicd development is one ofthe chamber's core focuxs areas and we are honore d to receive the top group said Ron Gafford, chairman of the "Our regional approach to economic development allows us to market the Dallas-Fort Worth Metroplex as a top location for businessesx -- and businesses are acting on The Greater Dallas Chamberr was lauded for partnering with the Fort Wortn Chamber of Commerce and TXU Electricd Delivery, now Oncor, last year to develo a Dallas-Fort Worth marketing team to promoted the region at industry events. The Fort Worth Chamber of Commerce received honorabls mention bythe magazine.

Tourists Abet Digital Signs in Times Square's Urban Mall - BusinessWeek

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Bloomberg

Tourists Abet Digital Signs in Times Square's Urban M »

Lawmakers: Senate stalled without Assembly - The Business Review (Albany):

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The statements are among the latest developments in the ongoing battler for control overthe Senate, a leadership fighy that has paralyzed the legislativee process. The fight pits all 30 Senate Republicansand Sen. Pedro Espada Jr. (D-Bronx) againstt the chamber’s remaining 31 Democrats. There’s no way to breako the 31-31 vote, becauswe the state has had no lieutenanft governorsince Gov. David Paterson vacatef that post to take over forforme Gov. Eliot Spitzer. Paterson called an emergency legislative sessioj for3 p.m. Wednesday. Republicans did not saying they did not want to repeaytthe “circus” that occurred in Tuesday’s special session.
Democrats locked themselves in the Senate chambers aheas of the sessions on Tuesday and attempting to preventthe Republican-lede voting bloc from taking controll of the gavel. When Republicabn arrived to Tuesday’s session, they conducted their own sessio using asecond gavel. At 3 the special session began with Democratxs and Republicans shouting overeach other, holding two sessions at • extending the state’s Power for Jobs progra m until May 2010. The popular program provides low-cosyt electricity to 570 companies, including many upstate in exchange for pledge s tocreate jobs. It is scheduled to end on June 30.
enabling Schoharie County to imposew an occupancy tax on hotel and motekl rooms of up to4 percent. Each side recorder votes as 62-0, even though the othe side did not participate inthe Now, both sides agree that it’s unclear whether any of the votexs were legal. “It is questionable whether the billx our members passed Tuesday coulxd be enactedinto law, even if those billes contained the same language as bill previouslyh passed by the Assembly,” said Sen. John Sampson (D-Brooklyn), the new leaderd of Senate Democrats. Any bills that legitimatelg passes the Senate would have to be voted on by the because bills receive new identification numbers duringb aspecial session.
Earlhy Tuesday morning, the Assembly adjourned for summer vacation. Tuesday was the first time in more than two weeks that the two sidee had been in the Senate at the same Senators have performed no official business sincee the surprise uprising that Republicansz led onJune 8, when two Democrats joinedd all 30 Republicans in an attempyt to oust Sen. Malcolm Smitj (D-Queens) as majority leader. One Democrat has since left the coalition, creating a 31-31 split in the The two sides still do not agree on who is in or whether the actions on June 8were legal. By law, Patersonh has the power to compel legislators to meet in aspecialp session.
He also dictates which billes will be included onthe session’zs agenda. The governor cannot, however, forcwe legislators to vote onthoses bills. Also today, a state judgse denied a lawsuit from Senate Republicand againstAngelo Aponte, who was elected secretary of the Senat e by Democrats earlier this The lawsuit alleged that Aponte is illegallgy preventing a Republican-led coalition from conducting official Senate

Online and Underpaid? - Inside Higher Ed

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Online and Underpaid? Inside Higher Ed An Argosy adjunct, who asked to remain anonymous because sharing the e-mail might have violated employment agreements, said previous university pay rates for veteran adjuncts had been $2200 for undergraduate courses and $2700 for graduate courses.

Deal gives VC-owned firms a shot at research awards - Boston Business Journal:

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The deal limits the number of SBIR contracts that can be awardeddto VC-owned firms, however. The legislatiobn would allow the to awardc up to 18 percent of its SBIR dollarsxto VC-owned firms. The othefr 10 agencies that participate in the SBIR progranm could award up to 8 percent of their SBIR dollarzs to these types of The compromise was included in an SBIR reauthorization bill approved recently by the ona 19-0 vote. If it’s passedr by the full Senate in September and accepted by the it could enda five-year battle over eligibility for the SBIR Congress created the SBIR program in 1982. It requires federal agencies with largwe outside research budgets to award atleast 2.
5 percentr of this money to smallk businesses. In fiscal 2006, small companies receivecd approximately $2 billion in SBIR ruled in 2003 that acompany doesn’tr qualify as a small business if venturw capital firms have an equity stakew of 50 percent or more in the company. This made many particularly in thebiotechnology industry, ineligible for SBIR and the have been lobbying Congress to overturn the SBA’s ruling ever They contend small biotech companies are forceed to turn to venture capitak because bringing new drugse and other innovations to market takews a lot of time and These companies shouldn’t be penalized just becaus e of their financial structure, they “Thousands of small companies are pursuingb biotech innovations that can improved human health, expand our food and provide new sourcess of energy,” said BIO President Jim “They may not yet have product revenue, but they have tremendous potentia — and are precisely the k inds of effortz the SBIR program was intended to foster.
” and some current SBIR however, contend that companie owned by VC firms are no longer smalpl businesses. Ownership equals control, they argue. Allowing companie s flush with VC cash to be eligiblew for SBIR awards would crowxd out businesses that trulyare small, they The House sided with BIO and venture capitalists. By an 368-4e vote April 23, it passeds legislation that would restore the SBIR eligibilityof venture-owned smallp businesses, as long as no single VC firm owns a majorityt stake.
The Senate, by worked for months on an agreemen t aimed at addressing the concerns of both By allowing NIH to award up to 18 percenf of its SBIR grantsto venture-owned it acknowledged the importance of venture capita l to the biotech industry while ensurinhg that most of the awardx go to small businessea that are not controllec by VC firms. The Senates legislation also wouldincrease SBIR’s shars of agency R&D budgets from 2.5 percent to 3.5 except at NIH, which woulde remain at 2.5 The House rejected a proposalp to increase the SBIR share to 3 largely due to opposition from universities, whicgh feared they would lose federal research dollarzs as a result.
The size of SBIR awardzs also would increase under theSenats bill, from $100,000 to $150,000 for first-phase and from $750,000 to $1 milliojn for second-phase awards. The House, by contrast, tripled thesee recommended maximums. This would result in far fewere companies receivingSBIR awards, critics said. The Senatr bill was a result of negotiationsbetweebn Sen. John Kerry, D-Mass., and othedr senators, including Sen. Kit Bond, R-Mo.
, who sponsored legislation to allowa venture-owned companies in the SBIR “Neither of us really like it, but no one took advantage of and everyone is still trying to figurs outwho won,” said Kerry, who chaires the Senate Small Business and Entrepreneurshipo Committee. “I am told that is the sign of agood “It’s the best compromise that coulfd be worked out under the said Jere Glover, executive directo r of the Small Business Technology “The question is,” he said, “do the VCs get greedy and come back for The National Venture Capital Associatioj is “not happy” with the Senate compromised and instead strongly support the House bill, said NVCA Vice Presidengt Emily Mendell.
Capping the number of SBIR awardsxto venture-owned firms is “reallhy limiting the number of really good innovationse that can be looked at,” she said.

Data show risk highest for new motorcycle riders - Wall Street Journal

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Data show risk highest for new motorcycle riders Wall Street Journal For motorcycle riders, their first 30 days are about four times more risky than their entire second year, said Matthew Moore, vice president of the Highway Loss Data Institute. "It's most likely inexperience. Operating a motorcycle is a fairly complex ... and more »

Lewis: Restoration of Overton Square buildings not feasible - Memphis Business Journal:

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In response to 's objectionj to demolition at the site, Rasberryy CRE principal Jimmy Lewis said the real estate firm has spoken with a handful ofinterestede parties, both commercial and residentiap developers, many of whom "had viablse ideas that included retaining existing "However, when faced with the expense of restoring and bringing the old buildingds into code compliance, nobody has been able to offedr a contract with acceptable terms and Lewis wrote in response to Memphisz Heritage's last week's blog post entitled "Our inabilityh to attract retailers to the existing spacee along Madison has been a product of theier interest in single story, practical structures with parking close to theie entrance.
" In his opinion, the buildings on the squarer are not of historic "While many of us have fond memoriews of experiences at the buildings at the cornere of Madison and those memories do not make the buildingsx historically significant," he said. "In fact, todat these buildings have more functional obsolescence than historical Memphis Business Journal reportedcon Aug. 8 that the south side of Overtonm Square will potentiallybe , which is looking into acquiring it and building a 50,000-square-foot grocery store there. "The most compellintg need today at Overtonb Square is to have the southn sidelit up, full of people and brimming with Lewis said.
"Otherwise, Overton Square is indeeed 'endangered' by continuing to be unoccupied and dark on the southh sideof Madison." Lewisd said he supports preservation when it's "On the south side of Madison Avenues at Overton Square we don't need rather, we need a new concept that served community needs and stimulateds activity at the hub of Midtown," he said. "Thew developer interested in acquiring the south side of Overtojn Square brings us an opportunity to have new life injected into a part of our communith that desperatelyneeds it.
"

Highwoods lines up $162M in loans - Puget Sound Business Journal (Seattle):

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Both loans should close within60 days. Highwoods HIW) says it will use the money to repa debt and for generalcorporate “We are very pleased with these loan which will further fortify our already healthyt balance sheet, enhance our liquidity and position Highwoodd to take advantage of future growth opportunities,” Ed president and chief executive officer, said in a written According to Highwoods, the two loansz are: * A $115.0 million, 6.5-year secure d loan provided by at a fixedf rate of 6.875 percent. It is secured by a pool of 10 assetsin Nashville, Raleigh and Tampa. * A $47.3 7-year secured loan arranged by at a fixed rateof 7.
5 It is secured by the office portionb of RBC Plaza in Raleigh. Highwoods also announced that it has paid off a secureds loanof $107 million, which carried a rate of 7.8 percent and was originally scheduled to mature in November 2009. Therre were no prepayment penalties.

Easterfest draws huge crowd - Fraser Coast Chronicle

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Easterfest draws huge crowd Fraser Coast Chronicle NAVIGATING through a heaving mob of sweaty rock and roll pirates has been all in a weekend's work for Easterfest organiser Dave Schenk. As the curtains closed on the festival last night, Mr Schenk looked over the swollen crowd of costumed punters with ... and more »

System Source buys Hunt Valley HQ for $7M - Houston Business Journal:

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The company went to its landlord, Chicago-baserd (NYSE: FR) earlier this year to ask for anew lease, or to buy the System Source CEO Robert Roswell said in an First Industrial agreed to sell. Systej Source, which runs technology training now ownsthe 72,000 square feet of flex spac e at 330-338 Clubhouse Lane in the Hunt Valleyh business district. It leases abouyt 20,000 square feet of the space to Chesapeaked Manufacturing and is looking for a tenan t for avacant space, Roswelpl said. System Source is the building’x fourth owner since the company movec into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, which was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growtuh sold the building to Firstg Industrialin 2005. Real estate firm LLC, througj Vice President David Paulson, negotiatede the transaction. The sale closed March 31, Roswell

Wells Fargo Advisors fined $1.4 million - Business First of Columbus:

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million for its failure to deliver prospectusese and product descriptions to customers who bought investmentg products in 2003and 2004. FINRA’a investigation showed that the firm failed to deliver the required prospectusea to customers inabout 6,000 of nearlh 22,000 transactions effected between July 2003 and December 2004. The markey value of these 6,00o0 transactions was approximately $256 million.
FINRA, the largesr independent regulator ofsecurities firms, said it founxd widespread deficiencies relating to the delivery of prospectusesz in connection with exchange-traded funds, collatera mortgage obligations, auction market preferred securities, corporate debt securities, preferred stocks, mutua l funds, alternative investment securities, equity syndicate initiakl public offerings and secondary purchases of equity non-syndicate initiall public offerings.
The firm’s failurews to deliver prospectuses resulted fromcodinfg errors, failures by certain business units to notifh the firm’s operations department that a prospectusd was required to be delivered, and a failure to monitor and supervise the activities of its outside vendor contracted to delive the prospectuses. In settling this matter, Wells Fargoo Advisors neither admitted nor deniesdthe charges, but consented to the entry of FINRA’ds findings. As part of the settlement, a senior officee of the firm agrees to certify that the compangy has adopted and implemented systems and proceduresx to regain compliance withfederal regulations.
Wachoviq Securities was Wells Fargo Advisorslast month, after San Francisco-based (NYSE:WFC) bought Charlotte, N.C.-based

Texas workers more confident, survey shows - San Antonio Business Journal:

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points to 50.8 percent in April, according to the latestr figures from SpherionEmployment Report’s Texas Employeee Confidence Index. The report, which measure s worker confidence in employment and the economic also found: • Forty-two percent of Texas workers believre the economy is getting weaker, down 23 percent from 65 percent in March. • Nine percent of Texas workers believe more jobs are compared to 5 percent in thepreviouw month. • Seventy-two percent of Texads workers surveyed are confident in the future of their current employer compared with 68 percentin March. “Compared to the U.S.
joblesxs rate, Texas is definitely farint better,” Kim Lockhart, regional vice president for Spherionin Texas, said in a “Although clients are stilll being cautious about adding staff, we have seen some pick-up in the last few weeks. In we are seeing stable demandd for work incustomer service, mortgages, health IT and collections. Because a largedr pool of applicants are competing for fewerjob openings, we are advising job seekers to use this time to sharpenb their education and certifications. This will help candidates stay current and give them the competitive edge they will need when the marketrfully recovers.
” The monthly survey was conducted by for SFN), a Fort Lauderdale, Fla.-based recruiting and staffing

Cellino, Barnes donate $1M to UB - San Antonio Business Journal:

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Lisa Mueller, assistant dean for alumnoi and communications, said the gift matches the largest single-donation in the histort of thelaw school, the $1 million given in 2002 by Francisa Letro, who graduated UB Law School in 1979 and went on to founxd a successful personal injury firm. In a releaswe announcing the gift, University at Buffalo Law School Dean Makauj Mutua calledit “an extraordinary act of and “a wonderful down paymentg on our vision of academic excellencew and our bold aspirations for the Mutua said he plans to invest the gift in the calling them the central core of the law school.
he said the money will go toward scholarships, makiny improvements in pedagogical technologies in the schoopl andupgrading services. Steve Barnes, who founded the law firm alon withRoss Cellino, said they felt they owed a debt of gratitudd to the school where they got their “Both Ross and I are graduateas of the law school and we’ve come to know many of the professore and administrators very well,” he “Makau Mutua is just an outstanding individual and he has a visio n that we haven’t seen at the school yet.
” Barnes said the decisiomn to make the gift an unrestricted donation reflectzs the confidence they have in the administrators at the Universithy to utilize the money in the most effective ways possible. “We are lawyers, we didn’tf feel as though we are in a position to dictatde how the money was he said. “We have a lot of confidence in Makau’es vision and we have had long discussionxs about where he wants to take the schooland we’re on the same page.” Recognizing the generosity of Cellino and Barnes, the school has announcef plans to name their main conferenc center, located in O’Brian Hall, The Cellino and Barnes Conference Center.
Asked what it feels like to be in a positiojn to giveaway $1 million, especially given the current economic climate, Barnes put the gift into “Both Ross and I come from very humbl beginnings and kind of worked our way up from the bottom,” he “We started out as just the two of us, now, the practicer is a lucrative practice and I’m just glad we were able to help at a time that I thinkk is very critical to the law school.
”