balamatovaegede.blogspot.com
The sale includes the unit’s management and as well as all five of its manufacturing plantxin Alvin, Texas; Ala.; Greenwood, S.C.; Pensacola, Fla.; and Ala. The nylon business includes 2,000 of Solutia'es 5,100 employees. All 2,000, includinfg 29 in St. Louis, became employees of the SK Capital SK Capital paidSolutia $50 milliojn in cash for the nylon assets. Solutiaa also received a 2 percent equity stakee in the new company formed to hold the assets of thenylon business. In addition, Solutiq will receive $4 million in deferrefd cash payments to be paid inannual $1 millio n installments beginning in 2011.
SK Capital has secured replacementgof $25 million of lettera of credit associated with the nylon business, which has resultexd in increased availability for Solutias under its credit agreements. The affiliate of SK Capitao will assume substantially all of the liabilitiesd of thenylon business, including employee and pensiomn liabilities relating to the active employeeds of the business and environmental said Solutia, which plansx to use the proceeds of the sale to pay down debt undef its asset-based revolving credit facility. St. Louis-baseds Solutia Inc. (NYSE: SOA), led by President and CEO Jeffry Quinn, develops specialty fibers, fluids and other performance products.
Saturday, October 9, 2010
Friday, October 8, 2010
New judge to hear Babri Mosque demolition case - Times of India
afanasenkobexa.blogspot.com
New judge to hear Babri Mosque demolition case Times of India The special CBI court hearing Babri demolition case had been without a judge since the transfer of Chief Judicial Magistrate Gulab Singh, they said. ... |
Thursday, October 7, 2010
Stanford, Canary Foundation plan $20M cancer center - The Business Review (Albany):
http://www.rchost.org/Optimise-Your-Domain-Registration.html
Canary Foundation is pledging $15 millionj toward the center, doubling its earlier commitment to supportr early detection research atthe university. The medicalk school, together with the school'ws Department of Radiology, is committing $5 millio n through faculty recruitments, research and other infrastructure. The center will be led by Dr. Sanjibv Sam Gambhir and will include new faculty hires in both ex vivo and in vivo The center is located in a newly renovate School of Medicine building on California Avenue in Palo Alto and it will have stronvg ties to the NationalCancer Institute-designated Stanford Cancerf Center with a view towards translatinv the early detection research into clinical practice.
Canary Foundationm is a non-profit dedicated to the goal of identifyinf cancer early through a simpls blood test and then isolating itwith imaging. Sincee 2004, Canary has raised over $30 million to support early detectionn research.
Canary Foundation is pledging $15 millionj toward the center, doubling its earlier commitment to supportr early detection research atthe university. The medicalk school, together with the school'ws Department of Radiology, is committing $5 millio n through faculty recruitments, research and other infrastructure. The center will be led by Dr. Sanjibv Sam Gambhir and will include new faculty hires in both ex vivo and in vivo The center is located in a newly renovate School of Medicine building on California Avenue in Palo Alto and it will have stronvg ties to the NationalCancer Institute-designated Stanford Cancerf Center with a view towards translatinv the early detection research into clinical practice.
Canary Foundationm is a non-profit dedicated to the goal of identifyinf cancer early through a simpls blood test and then isolating itwith imaging. Sincee 2004, Canary has raised over $30 million to support early detectionn research.
Tuesday, October 5, 2010
Medtech Ev3 aquires California firm Chestnut - Minneapolis / St. Paul Business Journal:
http://seumedia.com/shakira/
Ev3 (Nasdaq:EVVV) said Tuesday that it’w making an upfront $75 million paymenty for of Menlo About 30 to 40 percent of the paymenyt isin cash, with the rest in Ev3 common stock. Ev3 said it will pay an additional $75 millionn if and when Chestnut receives U.S. Food and Drug Administration approval of its Pipelinse Embolization Device for treating Ev3 doesn’t expect to make the payment untiol 2011. A cerebral aneurysm is a ballooning of blood vessek in the brain that can cause stroke and even deathj ifit ruptures.
The Pipeline device, whic h has already received European is designed to treat an aneurysmk with a minimally invasive technique that diverts blood flow away from the weakeneddblood vessel. Robert Palmisano, president and CEO of Ev3, said in a news releasew that the Chestnut’s product will “benefit the largee number of patients suffering from braimn aneurysms that currently are not well treated with eithere surgical orendovascular techniques.” Chestnut’s top executive, Dr. Aaron described Ev3 as an “ideall partner to accelerate the rapid diffusionh of our products aroundthe world.” The acquisition is expecte d to close in the next 45 days.
Ev3 (Nasdaq:EVVV) said Tuesday that it’w making an upfront $75 million paymenty for of Menlo About 30 to 40 percent of the paymenyt isin cash, with the rest in Ev3 common stock. Ev3 said it will pay an additional $75 millionn if and when Chestnut receives U.S. Food and Drug Administration approval of its Pipelinse Embolization Device for treating Ev3 doesn’t expect to make the payment untiol 2011. A cerebral aneurysm is a ballooning of blood vessek in the brain that can cause stroke and even deathj ifit ruptures.
The Pipeline device, whic h has already received European is designed to treat an aneurysmk with a minimally invasive technique that diverts blood flow away from the weakeneddblood vessel. Robert Palmisano, president and CEO of Ev3, said in a news releasew that the Chestnut’s product will “benefit the largee number of patients suffering from braimn aneurysms that currently are not well treated with eithere surgical orendovascular techniques.” Chestnut’s top executive, Dr. Aaron described Ev3 as an “ideall partner to accelerate the rapid diffusionh of our products aroundthe world.” The acquisition is expecte d to close in the next 45 days.
Monday, October 4, 2010
University of Phoenix settles discrimination lawsuit - Philadelphia Business Journal:
plesciamipukoa1855.blogspot.com
UOP settled the discrimination claim brought by LatrishElaine Tarhini, who worked as enrollment counselor at the school’se Houston campus, and the . The EEOC and Tarhiniu claimed that University of Phoenix management said she would not be in line for a promotionn because she made an earlier pregnancy discrimination chargr againstthe Phoenix-based company and its parent, The EEOC filed suit againsty UOP in September 2008 in federa court, claiming the for-profit university violated retaliation statutes of the Civil Rights Act of 1964.
It violatee federal law to discriminate againsyt workers who previously filed discrimination claims against their Inthe settlement, the University of Phoenix admitted no wrongdoing or liability, according to a statement providedx to the Phoenix Business Journal . “Universit y of Phoenix is pleased to have resolved this We are dedicated to providing a work environmentg in which our employees are treatedx fairly andwith respect, and are recognizesd and rewarded based on their accomplishments.
University of Phoenizx is committed to providing equal opportunity in all aspectws of employment and does not tolerate discriminationb or harassment ofany kind,” the universith statement read. The EEOC said UOP will be required to providwe updates on other possible retaliation claims by its The University of Phoenix is a subsidiaryof Phoenix-based Apollop Group Inc. (Nasdaq: APOL). UOP has 397,000 studentd enrolled in its online and campus The school has 200campuses worldwide. For more: .
UOP settled the discrimination claim brought by LatrishElaine Tarhini, who worked as enrollment counselor at the school’se Houston campus, and the . The EEOC and Tarhiniu claimed that University of Phoenix management said she would not be in line for a promotionn because she made an earlier pregnancy discrimination chargr againstthe Phoenix-based company and its parent, The EEOC filed suit againsty UOP in September 2008 in federa court, claiming the for-profit university violated retaliation statutes of the Civil Rights Act of 1964.
It violatee federal law to discriminate againsyt workers who previously filed discrimination claims against their Inthe settlement, the University of Phoenix admitted no wrongdoing or liability, according to a statement providedx to the Phoenix Business Journal . “Universit y of Phoenix is pleased to have resolved this We are dedicated to providing a work environmentg in which our employees are treatedx fairly andwith respect, and are recognizesd and rewarded based on their accomplishments.
University of Phoenizx is committed to providing equal opportunity in all aspectws of employment and does not tolerate discriminationb or harassment ofany kind,” the universith statement read. The EEOC said UOP will be required to providwe updates on other possible retaliation claims by its The University of Phoenix is a subsidiaryof Phoenix-based Apollop Group Inc. (Nasdaq: APOL). UOP has 397,000 studentd enrolled in its online and campus The school has 200campuses worldwide. For more: .
Saturday, October 2, 2010
State bioscience business growth offers potential for Wichita economy - Kansas City Business Journal:
onoeuqedol1902.blogspot.com
As president of the , the news meant Kansas will soon be at the epicenteer of many ofthe country’s biologicall and agricultural research programs. And the economic implications of havinhg the facility in the Sunflower state are staggering for the includingin Wichita. Thornton estimates the 20-year impact of the project — from construction to ongoinb operations — at $3.65 billion. Although constructio n on the facility will put people towork immediately, Thornton says NBAF is only a part of emerging bioscience industry.
He says it’s an industr in which Wichita and southcentral Kansas can be a major The 500,000-square-foot NBAF facility will be built in Manhattahn at a cost of $650 million. That’s guaranteedx government work that Thornton says DHS estimatesw willemploy 1,600 construction workers for about five years. Prebiddingb is under way and work is scheduled to begin inJuly 2010. But aparf from the facility, Thornton says Kansas is poisedc to make bioscience its next majordeconomic engine, adding to the existing drivere of manufacturing, agriculture and energy.
“Th KBA in many respects was founded to develop that fourth leg ofthe economy,” he The Olathe-based organization was createds in 2004. Locally, it may mean buildinbg from the industries already in Cancer treatment research is onesuch program. Dr. Shaker Dakhil is president of the and serves as principle investigator of the Wichitw Community ClinicalOncology Program. Through a partnership with the , Dakhik says the state conducts research These tests approve drugs on humans and conducr comparative studies withother medicines. It’se research to which the KBA hascommitted $2.5 millio in 2009.
And Dakhiol says efforts in cancer research can be extendecd to the development of drugs forother illnesses. To help the the KBA has committed $5 millionj to create centers of innovation. The goal is to brintg higher education and industru together to help take pharmaceuticals and othe rmedical products, such as orthopedics, from the drawinf board to the marketplace. “Wichitas is recognized at the highest level incancefr research,” Dakhil says. “But one might be able to mimix that structure inother things.” Another area Thorntoh says holds significant potential is bioenergy and biofuel production. Dr.
Scott Kohl, technical director for Colwich-base , says southcentral Kansas is centrally locatedd inthe nation’s bio-technical corridor. “We can pull from a lot of differeny cropsmuch easier,” he says. Although corn-base d ethanol has been its frontrunner fora while, the futurwe of the industry may very well be in cellulosidc ethanol. The process takes nonfood stocks, such as sawgrass, wood chips or even old and converts them intousable biofuels. Similar processes are being used to turn municipal waste intoelectrical energy. Industrial bioscience will requirdeinvestment though, says Thornton.
But he also knows Wichita’ s business history is full of people who have takejn risksand succeeded, calling it a “town of It’s a history he hopesw repeats itself, helping prop up that fourth leg of the “We are not also-rans in these areas,” he says. “Thesre are areas we have a real shot at beinf the best in theworld at.”
As president of the , the news meant Kansas will soon be at the epicenteer of many ofthe country’s biologicall and agricultural research programs. And the economic implications of havinhg the facility in the Sunflower state are staggering for the includingin Wichita. Thornton estimates the 20-year impact of the project — from construction to ongoinb operations — at $3.65 billion. Although constructio n on the facility will put people towork immediately, Thornton says NBAF is only a part of emerging bioscience industry.
He says it’s an industr in which Wichita and southcentral Kansas can be a major The 500,000-square-foot NBAF facility will be built in Manhattahn at a cost of $650 million. That’s guaranteedx government work that Thornton says DHS estimatesw willemploy 1,600 construction workers for about five years. Prebiddingb is under way and work is scheduled to begin inJuly 2010. But aparf from the facility, Thornton says Kansas is poisedc to make bioscience its next majordeconomic engine, adding to the existing drivere of manufacturing, agriculture and energy.
“Th KBA in many respects was founded to develop that fourth leg ofthe economy,” he The Olathe-based organization was createds in 2004. Locally, it may mean buildinbg from the industries already in Cancer treatment research is onesuch program. Dr. Shaker Dakhil is president of the and serves as principle investigator of the Wichitw Community ClinicalOncology Program. Through a partnership with the , Dakhik says the state conducts research These tests approve drugs on humans and conducr comparative studies withother medicines. It’se research to which the KBA hascommitted $2.5 millio in 2009.
And Dakhiol says efforts in cancer research can be extendecd to the development of drugs forother illnesses. To help the the KBA has committed $5 millionj to create centers of innovation. The goal is to brintg higher education and industru together to help take pharmaceuticals and othe rmedical products, such as orthopedics, from the drawinf board to the marketplace. “Wichitas is recognized at the highest level incancefr research,” Dakhil says. “But one might be able to mimix that structure inother things.” Another area Thorntoh says holds significant potential is bioenergy and biofuel production. Dr.
Scott Kohl, technical director for Colwich-base , says southcentral Kansas is centrally locatedd inthe nation’s bio-technical corridor. “We can pull from a lot of differeny cropsmuch easier,” he says. Although corn-base d ethanol has been its frontrunner fora while, the futurwe of the industry may very well be in cellulosidc ethanol. The process takes nonfood stocks, such as sawgrass, wood chips or even old and converts them intousable biofuels. Similar processes are being used to turn municipal waste intoelectrical energy. Industrial bioscience will requirdeinvestment though, says Thornton.
But he also knows Wichita’ s business history is full of people who have takejn risksand succeeded, calling it a “town of It’s a history he hopesw repeats itself, helping prop up that fourth leg of the “We are not also-rans in these areas,” he says. “Thesre are areas we have a real shot at beinf the best in theworld at.”
Friday, October 1, 2010
DynCorp lands $915M aviation contract - Phoenix Business Journal:
http://ravikarunanayake.com/news-center/press-releases?start=5
Falls Church-based DynCorp (NYSE: DCP) will provide the Department of Statde with aviation and aviation support serviceds in Iraq under the termse of the deal which has one base year andfour one-year If all options are exercised the total valure of the project is $915 million. DynCor p reported $813 million in its latestt quarter. “This award is a tremendously importany opportunity for DynCorp International to support the safety and securityhof U.S. diplomatic personne serving in Iraq,” said DynCorp CEO William L.
“It’s an honor to contribute to our government’s effortsw to promote peace and stabilittyin Iraq, for us as a company and for everyh person who serves with us.” DynCorp said the to provide personnel, ground and flight operations, as well as basing and maintenance of rotary wing and fixeed air assets, began with a transitio n period June 15, 2009 and will reach full operatiom on September 4, 2009.
Falls Church-based DynCorp (NYSE: DCP) will provide the Department of Statde with aviation and aviation support serviceds in Iraq under the termse of the deal which has one base year andfour one-year If all options are exercised the total valure of the project is $915 million. DynCor p reported $813 million in its latestt quarter. “This award is a tremendously importany opportunity for DynCorp International to support the safety and securityhof U.S. diplomatic personne serving in Iraq,” said DynCorp CEO William L.
“It’s an honor to contribute to our government’s effortsw to promote peace and stabilittyin Iraq, for us as a company and for everyh person who serves with us.” DynCorp said the to provide personnel, ground and flight operations, as well as basing and maintenance of rotary wing and fixeed air assets, began with a transitio n period June 15, 2009 and will reach full operatiom on September 4, 2009.
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