Adaisha Miller, Detroit Woman, Killed After Hugging Police Officer Causes His ... Huffington Post DETROIT -- A woman celebrating the weekend before her 25th birthday was fatally shot Sunday when she hugged an off-duty police officer while dancing at a party, causing the officer's service weapon to fire, according to police and her mother. Adaisha ... |
CBS News | 'Repeal Obamacare Act' Introduced National Review Online (blog) Noah Glyn writes on NRO: Eric Cantor has introduced the “Repeal Obamacare Act,†which, you guessed it, would repeal Obamacare. Here is the text of the law, and here are some excerpts: To repeal the Patient Protection and Affordable Care Act and health ... Republicans pressed to detail plans for replacing ObamaCare if it's repealed Repealing Health Care Reform an Uphill Task If it's not repealed, Obamacare may just disappear |
Thursday, July 5, 2012
Five Star Bank wants out of TARP program - Business First of Buffalo:
yjanebixe.wordpress.com
, the Warsaw-based parent company of , woulf like to return its $37. 5 million in TARP (troubled assets reliefd program) funds to the federal government before the end of the said President and CEO Peter Humphrey. The banking company accepted the moneh late last year in exchangr for selling senior preferred shares tothe “The rules have changed (and) that makes this less so Five Star Bank is thinkin maybe we ought to pay this back and get out from underneatbh the program,” Humphrey said. “We’re ‘How do we pay back TARP while stilp having an ample amount of capitakl to support futuregrowth initiatives?
’ The bank has no definitive planxs in place to return the but Humphrey is eager to get out of the federapl program due to retroactiv e changes to the initial Capital Purchasew Plan agreement, including limits on executiver compensation that deny the payment of cash incentivees to employees until TARP funds are “It’s just the fact that there are more certifications, more more compliance requirements and, frankly, with that comex risk,” Humphrey said. “We’re heavily regulatecd anyway. How would you like to enter into a contracrt and then four months later have the terma of thatcontract change?
” Othee area banks that borrowed TARP fundx have not publicly announced plans to repau the money. Neither nor , which received $600 millioh and $2.5 billion respectively, have made commitments to return the according to spokespeople at both Atpress time, , which borrowed $184 million from the governmenyt and recently completed a stock sale that nettec $360 million, was announcing no firm plans to repau the funds. An announcemenyt was expected May 28 and updates will be postedon www.buffalo.bizjournals.
con Last month, M&T Bank’s chief financial Rene Jones, said the bank “tend(s) not to be a firstt mover” and plans to wait for more clarity from the governmeng before repaying the money. KeyBanj officials have said they want to pay back the fundsx as soonas possible, but there is no time fram in place. The Capitalo Purchase Plan was introduced last fall by the governmeng as a way to increasde lending and jolt thefaltering economy. Under initial terms of the plan, banksz were required to raises private capital before TARP fundx couldbe returned.
But some termas of the plans changedfollowing February’s economivc stimulus bill, leaving repayment guidelinese less than clear. According to a May 22 report fromthe U.S. Treasury Department, just 16 banks around the countr – including one Upstats New York bank, in Syracuse – have been allowed by the governmengt to repayTARP funds. Several calls made to the U.S. Treasury Departmenyt to clarify TARP repayment terms werenot returned. As part of the Capitaol Purchase Plan, banks such as Five Star must make quarterlyh interest payments tothe government. So far, Five Star has made two paymentxtotaling $900,000, Humphrey said.
The money has been used to leveragethe bank’s growth, including its commercial, agriculture, residential home equity and indirect automobile loan he said. About $200 million has been lent by the bank from the time it receivexd TARP moneythrough April, he said. Humphreyy insists that the money was nota rather, it was intended for banks that were alreadyh healthy. And while the bank, early on, viewec the Capital Purchase Plan as a positive retroactive changes to the agreement have made it less he said. But he wants to make sure his bank will supporrt both depositors and borroweras before returningthe money.
, the Warsaw-based parent company of , woulf like to return its $37. 5 million in TARP (troubled assets reliefd program) funds to the federal government before the end of the said President and CEO Peter Humphrey. The banking company accepted the moneh late last year in exchangr for selling senior preferred shares tothe “The rules have changed (and) that makes this less so Five Star Bank is thinkin maybe we ought to pay this back and get out from underneatbh the program,” Humphrey said. “We’re ‘How do we pay back TARP while stilp having an ample amount of capitakl to support futuregrowth initiatives?
’ The bank has no definitive planxs in place to return the but Humphrey is eager to get out of the federapl program due to retroactiv e changes to the initial Capital Purchasew Plan agreement, including limits on executiver compensation that deny the payment of cash incentivees to employees until TARP funds are “It’s just the fact that there are more certifications, more more compliance requirements and, frankly, with that comex risk,” Humphrey said. “We’re heavily regulatecd anyway. How would you like to enter into a contracrt and then four months later have the terma of thatcontract change?
” Othee area banks that borrowed TARP fundx have not publicly announced plans to repau the money. Neither nor , which received $600 millioh and $2.5 billion respectively, have made commitments to return the according to spokespeople at both Atpress time, , which borrowed $184 million from the governmenyt and recently completed a stock sale that nettec $360 million, was announcing no firm plans to repau the funds. An announcemenyt was expected May 28 and updates will be postedon www.buffalo.bizjournals.
con Last month, M&T Bank’s chief financial Rene Jones, said the bank “tend(s) not to be a firstt mover” and plans to wait for more clarity from the governmeng before repaying the money. KeyBanj officials have said they want to pay back the fundsx as soonas possible, but there is no time fram in place. The Capitalo Purchase Plan was introduced last fall by the governmeng as a way to increasde lending and jolt thefaltering economy. Under initial terms of the plan, banksz were required to raises private capital before TARP fundx couldbe returned.
But some termas of the plans changedfollowing February’s economivc stimulus bill, leaving repayment guidelinese less than clear. According to a May 22 report fromthe U.S. Treasury Department, just 16 banks around the countr – including one Upstats New York bank, in Syracuse – have been allowed by the governmengt to repayTARP funds. Several calls made to the U.S. Treasury Departmenyt to clarify TARP repayment terms werenot returned. As part of the Capitaol Purchase Plan, banks such as Five Star must make quarterlyh interest payments tothe government. So far, Five Star has made two paymentxtotaling $900,000, Humphrey said.
The money has been used to leveragethe bank’s growth, including its commercial, agriculture, residential home equity and indirect automobile loan he said. About $200 million has been lent by the bank from the time it receivexd TARP moneythrough April, he said. Humphreyy insists that the money was nota rather, it was intended for banks that were alreadyh healthy. And while the bank, early on, viewec the Capital Purchase Plan as a positive retroactive changes to the agreement have made it less he said. But he wants to make sure his bank will supporrt both depositors and borroweras before returningthe money.
Tuesday, July 3, 2012
NFL kicker earns degree from ASU - Puget Sound Business Journal (Seattle):
goldenayreyg1666.blogspot.com
During breaks at NFL training camp, Cundiff wouldf open his laptopand study, many timee putting in 30 to 40 hours each week on the MBA througb the W.P. Carey School of Business at ASU. Cundiff stilol is working out withNFL teams, this week with the Indianapoliz Colts and two weeks ago with the Clevelandc Browns. He’s not sure if he’ll get a job with eithefr of the teams, but has solidified a positionb within Scottsdale. “This is the best two-year investmentr I probably could have ever madein myself,” he said. “Ths W.P. Carey MBA Onlined Program gave me the flexibility to attensd training camp with the Atlanta Falcons while stilkl pursuingmy degree.
” With five years of regular season experience unde r his belt, the 29-year-old kickere was released from the Atlanta Falcons and the Kansasa City Chiefs while working on his degree. “I’v got to be the only guy in the MBA progra m who got fired from two jobs whilre in theMBA program,” he said. The last time he playe d a regular season game was in the NFC Championship durinf the2006 season. He played during the preseasonin 2007, but was release last year before training camp. Cundifv said he knew he had to start thinking aboug his future for when his footbalp careerwas over.
He and his wife, an had just bought a home in Phoeni when he decided to enrollin ASU’es MBA program. “Believe it or not, my online MBA team was a lot more functionalo than some of my NFL he said. “The online program also reallu helps you work on your communications andinterpersonap skills, since you’re not dealingh with people on a face-to-face basis.”
During breaks at NFL training camp, Cundiff wouldf open his laptopand study, many timee putting in 30 to 40 hours each week on the MBA througb the W.P. Carey School of Business at ASU. Cundiff stilol is working out withNFL teams, this week with the Indianapoliz Colts and two weeks ago with the Clevelandc Browns. He’s not sure if he’ll get a job with eithefr of the teams, but has solidified a positionb within Scottsdale. “This is the best two-year investmentr I probably could have ever madein myself,” he said. “Ths W.P. Carey MBA Onlined Program gave me the flexibility to attensd training camp with the Atlanta Falcons while stilkl pursuingmy degree.
” With five years of regular season experience unde r his belt, the 29-year-old kickere was released from the Atlanta Falcons and the Kansasa City Chiefs while working on his degree. “I’v got to be the only guy in the MBA progra m who got fired from two jobs whilre in theMBA program,” he said. The last time he playe d a regular season game was in the NFC Championship durinf the2006 season. He played during the preseasonin 2007, but was release last year before training camp. Cundifv said he knew he had to start thinking aboug his future for when his footbalp careerwas over.
He and his wife, an had just bought a home in Phoeni when he decided to enrollin ASU’es MBA program. “Believe it or not, my online MBA team was a lot more functionalo than some of my NFL he said. “The online program also reallu helps you work on your communications andinterpersonap skills, since you’re not dealingh with people on a face-to-face basis.”
Monday, July 2, 2012
Aegon to cut 138 positions in Louisville - Memphis Business Journal:
vypybiza.wordpress.com
a subsidiary of Netherlands-based insuref Aegon N.V., will cut 138 positionsx from its Louisville offices atAegobn Tower. Subsidiary Aegon USA Investment Managementf will eliminate 13 positions during the nextfew weeks, the companyh said in an e-mailed statement. The company also will cut 125 positionas handling certain life insuranceadministratived functions. Those duties will be transitioned to an Aegon office inCedar Rapids, Iowa, during the next severalo months, according to the “We are always exploring ways to improvs efficiency and leverage the scale we have in our variouxs U.S. locations,” the company said in the statement.
Aegon is the parent company of Transamericwa LifeInsurance Co., Transameric Financial Life Insurance Co., Monumental Life Insurancw Co., Stonebridge Casualty Insurance Co., Stonebridge Life Insurance Co., Westernj Reserve Life Assurance Co. of Ohio, Transamerica Life and Seguros Argos, A.S. de C.V. According to the company’ds Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among several operating including individual savingsand retirement, institutional, life and pensions and asset management and
a subsidiary of Netherlands-based insuref Aegon N.V., will cut 138 positionsx from its Louisville offices atAegobn Tower. Subsidiary Aegon USA Investment Managementf will eliminate 13 positions during the nextfew weeks, the companyh said in an e-mailed statement. The company also will cut 125 positionas handling certain life insuranceadministratived functions. Those duties will be transitioned to an Aegon office inCedar Rapids, Iowa, during the next severalo months, according to the “We are always exploring ways to improvs efficiency and leverage the scale we have in our variouxs U.S. locations,” the company said in the statement.
Aegon is the parent company of Transamericwa LifeInsurance Co., Transameric Financial Life Insurance Co., Monumental Life Insurancw Co., Stonebridge Casualty Insurance Co., Stonebridge Life Insurance Co., Westernj Reserve Life Assurance Co. of Ohio, Transamerica Life and Seguros Argos, A.S. de C.V. According to the company’ds Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among several operating including individual savingsand retirement, institutional, life and pensions and asset management and
Sunday, July 1, 2012
Hemispherx getting closer to satisfying application issues - Philadelphia Business Journal:
vykyvimote.wordpress.com
In December, the Food and Drug Administration told Hemispherxc its application forAmpligen -- a controversial new drug candidatew that has been under development for more than threes decades -- was incomplete. Hemispherx officiald said part of the problem with its filing was tied to changesw in clinical data reporting guidelines that have occurredx since the initial studies on Ampligejn were conducted in the late 1980s andearly 1990s. The compan y has subsequently submitted a clarifyingb amendment to its application and hada face-to-facd meeting with FDA officials. led by Dr.
William Carter, said it has reduce the number of items it now must accomplisu to submit a complete NDA from the originak 14to five. The company said it plans to address the remaining five items through a seriew of additional amendments to its new drug The unresolved items all relate to orproviding additional, clinical trial data. "While the companh is optimistic as to the progress of theNDA filing, therer are no assurances that the FDA will accepg the amended NDA for review, and if accepterd there are no assurances that the NDA will be Hemispherx said in a Hemispherx's submission includes study data covering more than 1,200 patients who were administered more than 90,000 dosexs of Ampligen.
BioNJ is joininy forces with the New York Biotechnology Association for a networkinhg cruise on theHudson River. The "NewX2 BioCruise" will take plac e March 25 aboard the World Yach tPrincess Vessel. Sol Barer, chairman and CEO of Celgenee Corp., and Colin Goddard, CEO of OSI will be the featured speakersz forthe events. Tickets are $150 for members of the biotech tradre groupsand $105 for nonmemberx ... of Fort Washington hired Dr. Richard Gregg as chief science officer. Gregg was previouslgy with Bristol Myers-Squibb, where he was vice president ofclinicap discovery. Gregg's appointment is part of a formal succession plan to allosVitae co-founder Dr.
Jack Baldwin to step back from day-to-dayh oversight of the company's research programs and focus onthe Vitae'd long-term strategic, scientific and technica l planning ... Joel F. Smith was namesd chairman of Elkins Park-based BioStrategty Partners Inc., a nonprofitg service organization thatassists early-stag e life sciences companies in the region. Smitjh succeeds former chairwomanPatricia Weeks, who recently retired as vice president of planning and business development at . Weeksd was named chair emeritusof BioStrategy. Smith is principapl and co-founder of The People Source a finance, human resources and information technology consulting firm based in MaplerGlen ...
of Malvern initiated of a multicenter clinicalp trialfor Reslizumab, its experimental treatment of eosinophilidc esophagitis in pediatric patients. Eosinophilic a condition for which there isno cure, is a chronic inflammatorhy disease characterized by difficulty swallowing, stomach or chest pain, and a failure to thrive. Ception's goal is to enrol about 172 patients intoits phase-II/III clinicall trial. Phase III trials are the last step a companh takes before seeking approval for a new drugcandidater ... received notification from the NASDAQQ stock market that the company has regained compliancewwith NASDAQ's $1 minimum bid price requirementt for continued listing.
The Montgomeryvillwe medical device maker had till May 19 to regain compliance with the minimumm bidprice rule.
In December, the Food and Drug Administration told Hemispherxc its application forAmpligen -- a controversial new drug candidatew that has been under development for more than threes decades -- was incomplete. Hemispherx officiald said part of the problem with its filing was tied to changesw in clinical data reporting guidelines that have occurredx since the initial studies on Ampligejn were conducted in the late 1980s andearly 1990s. The compan y has subsequently submitted a clarifyingb amendment to its application and hada face-to-facd meeting with FDA officials. led by Dr.
William Carter, said it has reduce the number of items it now must accomplisu to submit a complete NDA from the originak 14to five. The company said it plans to address the remaining five items through a seriew of additional amendments to its new drug The unresolved items all relate to orproviding additional, clinical trial data. "While the companh is optimistic as to the progress of theNDA filing, therer are no assurances that the FDA will accepg the amended NDA for review, and if accepterd there are no assurances that the NDA will be Hemispherx said in a Hemispherx's submission includes study data covering more than 1,200 patients who were administered more than 90,000 dosexs of Ampligen.
BioNJ is joininy forces with the New York Biotechnology Association for a networkinhg cruise on theHudson River. The "NewX2 BioCruise" will take plac e March 25 aboard the World Yach tPrincess Vessel. Sol Barer, chairman and CEO of Celgenee Corp., and Colin Goddard, CEO of OSI will be the featured speakersz forthe events. Tickets are $150 for members of the biotech tradre groupsand $105 for nonmemberx ... of Fort Washington hired Dr. Richard Gregg as chief science officer. Gregg was previouslgy with Bristol Myers-Squibb, where he was vice president ofclinicap discovery. Gregg's appointment is part of a formal succession plan to allosVitae co-founder Dr.
Jack Baldwin to step back from day-to-dayh oversight of the company's research programs and focus onthe Vitae'd long-term strategic, scientific and technica l planning ... Joel F. Smith was namesd chairman of Elkins Park-based BioStrategty Partners Inc., a nonprofitg service organization thatassists early-stag e life sciences companies in the region. Smitjh succeeds former chairwomanPatricia Weeks, who recently retired as vice president of planning and business development at . Weeksd was named chair emeritusof BioStrategy. Smith is principapl and co-founder of The People Source a finance, human resources and information technology consulting firm based in MaplerGlen ...
of Malvern initiated of a multicenter clinicalp trialfor Reslizumab, its experimental treatment of eosinophilidc esophagitis in pediatric patients. Eosinophilic a condition for which there isno cure, is a chronic inflammatorhy disease characterized by difficulty swallowing, stomach or chest pain, and a failure to thrive. Ception's goal is to enrol about 172 patients intoits phase-II/III clinicall trial. Phase III trials are the last step a companh takes before seeking approval for a new drugcandidater ... received notification from the NASDAQQ stock market that the company has regained compliancewwith NASDAQ's $1 minimum bid price requirementt for continued listing.
The Montgomeryvillwe medical device maker had till May 19 to regain compliance with the minimumm bidprice rule.
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