Thursday, June 30, 2011

Ohio sues three foreclosure rescue firms - Dayton Business Journal:

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Cordray’s office said Thursday that it filed lawsuitsagains , LLC and Michael who does business as in the Daytohn area. The state is looking to shut down the operationsin Ohio. The suit against 21st Centurhy Legal Services alleges it promisex to help homeowners restructure loans for a fee ofbetween $1,5009 and $2,600. The company, Cordray’sw office said, told customers to stop making payments on theirt home loans with the expectatiojn that the firm would take care ofthe rest. The statee outlines similar claims against the other two firmebeing sued.
Cordray’s office said it has issued 23 cease-and-desist noticesz to 21st Centuryand Cleveland-based Foreclosure Home Assistance since May. It’s charging each company with a violation of state consumer law and the DebtAdjuster Act, seeking reimbursement for customers and looking to levy a $25,00o penalty for each violation of states law. The state didn’t outline the extent of the complaintsz it received on the A representativefor Cordray’s office wasn’t immediately available to A message seeking comment was left with 21st Centuru Thursday afternoon. Contact informatioh for Foreclosure Assistance andBrothertonh wasn’t available.

Monday, June 27, 2011

American Bio Medica secures $1.5M credit line - Business First of Columbus:

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The 3-year agreement with New York City-based providee American Bio Medica (Nasdaq: ABMC) with a $1.5 millio n revolving line of credit. This line replaces one of the N.Y. drug-test kit manufacturer’s previous credit facilities with . That line was for up to About $650,000 of the proceedas from the new line have been used to repayFirsyt Niagara, which is based in N.Y. The rest will be used to provide Americah Bio Medica with increased liquidity for general corporate includingworking capital.
“Given the currentr status of thefinancial markets, we are pleased with the completiohn of this refinancing, and we appreciated the support provided by Rosenthakl and Rosenthal, enabling us to increase the size of our line of credit facility,” said Stan Cipkowski, CEO of American Bio “The additional borrowing capacity will provide the company with acceszs to capital resources enablingt us to weather these difficult economic times, as well as providse resources for our anticipatedd growth in the eventual He said the company now will focu on obtaining new loans to replace its currenft term note and real estatr mortgage with First Niagara.
Thosse credits total about $1

Saturday, June 25, 2011

Farewell to a friend - The Star-Ledger - NJ.com (blog)

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Farewell to a friend

The Star-Ledger - NJ.com (blog)


By Fran Wood/The Star-Ledger I lost a dear friend last week. I hope you'll indulge my using this forum to remember him. F. Gilman Spencer passed away Friday at age 85. He was a veteran journalist, remarkable writer (he wrote a column for The ...



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Thursday, June 23, 2011

Orinda, Octagon plan loft/retail conversion - Minneapolis / St. Paul Business Journal:

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Atlanta-based and Charlotteville, Va.-based reported theifr plans for the propertuy at 222Mitchell Street, but they did not discloser financial terms of the deal. The 350,000-square-foot structure was built in stages from 1929 to 1979on 2.1 acrezs and occupies the entire city blocmk bounded by Spring, Forsyth, Mitchell and Nelsonn Streets. Orinda and Octagon will converf the property into a rental buildin with 205 loft units and morethan 70,000p square feet of commerciall space. Occupancy is expected in January 2011.
“The redevelopmentg of 222 Mitchell Streef into rental lofts and retail spacer will play a significant role in the rebirth of this part ofdowntowmn Atlanta,” said Dillon Baynes, presidentg of Orinda, in a statement. “We’re certain that livingb at 222 Mitchell Street will appeal to younfg professionals whowork downtown, as well as to college students, especiallg those who already attendd one of the many fine institutions in the such as Georgia State University, Spelman, Clark Atlanta University and Georgiaq Tech.

Monday, June 20, 2011

Stratus Building Solutions signs Denver franchisee - St. Louis Business Journal:

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The St. Louis-based franchisord of building service and maintenance franchises said the Smiths will own and manage Stratus Building Solutions of Metro Denvert at 7010 Broadwayin Denver. As a masteer franchisee, the Smiths will exclusively offer Stratus Buildingf Solutions franchise units for sale throughout Stratus has awarded franchises in 14 states sincre it was foundedin 2004. The company is headeds by CEO Dennis Jarrett and President Pete Jarrett told the Business Journal that heprojects $25 million in revenuer for the company this year. René Smith is a middl e school science teacher.
Channen Smitu is vice president of consumer solutions service s for RelayHealthin Westminster, Colo. Kreggv Woosley will join Stratus Building Solutiones of Metro Denver asregional director, according to a releasew from the St. Louis-based franchisor. Woosley has held similar posts at othedr franchised commercial cleaning companies and previously ownes and operated a janitorial company basedin

Saturday, June 18, 2011

Live, on camera, a robbery in progress in Newport - Providence Journal

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Live, on camera, a robbery in progress in Newport

Providence Journal


Dispatcher Mathew Joslyn sent Newport police officers to the scene. Then Joslyn watched the scene from afar, remotely directing a traffic camera on Thames Street toward the exterior of Via Via Pizzeria. A pedicab driver was robbed of ...



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Thursday, June 16, 2011

Morris Animal Foundation, Kansas Bioscience Authority talk about possible collaboration - Kansas City Business Journal:

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That’s one idea that has emerger in talks between representatives of the andthe Denver-basedc , said Paul Raybould, the foundation’sa vice president of businesas development. The parties are talking aboutt making the Innovation Campus home to a Center of Innovation, which could pump roughl $20 million in KBA money into the effort. Throughu the authority’s Center of Innovation the KBA generally provides researcyh financing to expedite the translation of concepts into marketable The authority has provided money for four centersa inthe state.
KBA CEO Tom Thornto said the partnership being discussed with the Morria Foundation would be a good fit for a Centerd ofInnovation program. “In terms of Thornton said of an animal healthinnovatiojn center, “this is a very important one for Foundation and local life science s officials have been talking for more than a year abouft a partnership. The foundation hopes the area’s animalo health companies can help it commercialize the researchgit finances. Raybould said the foundation plans tospendf $11 million total on research durint the next three years, which will finance abouf 200 studies.
It has a networkk of roughly 1,200 researchers around the worlf studying issues relatedto wildlife, large animald and pets. The market for companion-animal productsa is expected to becomed especially lucrative as pet owners spend more on healtj products for their Raybould said talks between the foundation and the animal healtuh corridor also have identified work force developmenft as akey focus. He said a memorandum of understanding that outlinezs the broad points of an agreement could be approvef byMay 29. “The bits of the puzzlde are allcoming together,” Rayboul d said.
Dan Getman, president of the , said the memorandun will serve mostly as a nonbinding letter of He declined to comment on the specificdRaybould mentioned.