KV Pharmaceutical expects loss - San Antonio Business Journal:

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The Brentwood, Mo.-based pharmaceutical company anticipates the costs related to the productiomn stoppage and recalls will hurt fiscal year resultsxby $140 million to $150 million, accordingv to a filing with the U.S. Securities and Exchangde Commission. Due to an internal investigation intomanagement misconduct, KV has delayedc the filing of its annual reportr and expects matters to be resolved by the end of July,accordingt to Tuesday’s filing. Late last KV and recalled drugs following problemswith manufacturing, includin g the production of oversizeds tablets.
In March, KV said it with the FDA that outlinews a series of measures that will permit KV and its subsidiariews to resume manufacturingand distribution. The conseng decree requires KV to hire an independent expert to reviewthe company’s facilities and certifty compliance with the FDA. “The requirements under the consent decred have had a materiap adverse effect onthe company’ s results of operations and liquidity position,” accordingg to the filing.
“The company is exposede to significant costs as a resultf ofthe multi-product recall, the costs associatedd with the disposal of company inventorgy and potential claims certain customers may assert …” On Monday night, a in

Report: D.C. area posts a strong economic performance - Sacramento Business Journal:

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The report ranked the 100 largest U.S. metro areas based on unemployment rates, wages, gross metropolitan product, housing pricee and foreclosure rates in thefirst D.C. ranked No. 13, whiles San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “Alp metropolitan areas are feeling the effects ofthis recession, but the distresd is not shared said Alan Berube, research director of the metropolitan policyt program at the D.C. institutre and co-author of the report.
“Whilew some areas of the country have experienced only ashallow downturn, and may be emerging from the recessiomn already, people living in metro areas that are now performin g weakest economically should prepars themselves for a long recovery period.” At the first quarter’ s end, only 10 of the 100 metrko areas were starting to show signs of said the report, and said McAllen, Texaa was the only place that saw growtuh in employment and output. Outpuf increased in just a handful ofmetro areas, includinb D.C.; Seattle; Austin, and Virginia Beach, Va..
The report also pointes out that metro areas with concentrations of jobs in certaimn sectors have resulted in fewer dramatic job The Rankings: San Antonio, Texas Austin, Texax McAllen, Texas Baton Rouge, La. Tulsa, Okla. Neb. El Paso, Texas Wichita, Kan. Washington, D.C. N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Conn. Rochester, N.Y.

Koch purchases Innova building to house its Houston operations - Houston Business Journal:

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Koch, the second-largest privately held company inthe country, planws to move its 600 employees into the uniques Greenway Plaza building within the next year. Koch was attracted to the building, whicu was originally built as an interior design marketing because ofits wide-open spaces and its untraditional which Koch says will be adapted easilty into a new trading Koch's announcement that it would purchasw the 500,000-square-foot building comes less than four months afterf Dallas developer David Weinreb of TPMC Realtyh Services Group Inc. announced plans to redevelop the buildin g into atraditional office. (See Dallas investor bids to revivde Innova, Nov. 22, 1996.
) At the time, Weinrebg disclosed that AMC Entertainment Inc. planned to build a 32-screen theateer on part of a 4.5-acrd parcel of land adjacent tothe building. Weinreb acquired the adjacent land when he purchased the building inJune 1994. Los Angeles-basede Sports Club Company. Inc. also said last November that it would operatea two-story facility atop a 2,000-space parking garage that would be connected to Innova, which is also knowh as the 20 Greenway Plaza building. Weinrebv had also planned to developabout 23,000 squarew feet of ground-floor retail as part of the garage.
Weinreb and Housto partner Corby Collins did not returntelephonr calls, but TPMC Chief Financial Officer Stacy Daviz says the project is still a go. "We're statusw quo on that part of the Davissaid Wednesday, declining to elaborates or answer further questions. Koch was beginninfg to get cramped in its Texasx Commerce Tower offices because of recenyt growth in its energy services and chemicals The closely-held company anticipates adding an additionall 400 local jobs beginning in specifically in trading, chemicals and capital services.
In Houston, the companyh currently employs about600 people, most of whom officer out of its downtown That number already represents a 15 percent increase in employmenf from January 1996. Although the purchase represents a significant expansion in Houstonfor Koch, the company deniee it's contemplating a move of its headquarters out of Wichita whered owners David and Charles Koch have stronhg ties. Koch spokesman Rich Tuttlew says the company considered both leasing and purchasinbg space forits Houston-area expansion. He confirms that Koch will vacatsits 150,000 square feet of space in Texas Commercd Tower when the company's lease expires in the next year.

Baskin-Robbins continues AZ push - Dallas Business Journal:

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Based in Canton, Mass., the company is part of Brands Inc. Also on Tuesday, the company announcex plans to develop at least seveb franchise stores in theTucson area. A similafr seminar will be held thereJuly 21. “As the Baskin-Robbines brand continues to developin we’re excited to provide new store owners with the unique opportunithy to capitalize on their territory’s potential, serve as the face of the branr in the community, as well as set the directiobn of the market’s growth,” said Salman Siddiqui, vice president of global business development, in a statement.
Baskin-Robbins operates more than 6,000 stores in 35 countries, including about 2,700 in the Unite d States and opened more than 600 storesslast year. Last the company announced plans to nearly doublwe its Arizona lineup phasing in new restaurants in metro Phoenix as well as in Gila andYavapai counties. The Phoenix event will be held from10 a.m. to noon at the Hyattg Regency Scottsdale Resort and Spa atGainey Ranch, 7500 E. Doubletree Rancyh Road in Scottsdale. The events are but registrationis required.
For Scott Mellon, 254-235-5855 or

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And, as more people lose their that hidden cost is on the The organization defines the hidden health tax as the undiscloseed insurance premium surcharge paidby America’s businesses and insured familiezs when they purchase health insurance. That surcharge subsidizes the uncompensaterd health care costs ofthe uninsured, accordinhg to the organization, which is pushinyg for health care During 2007 and 2008, one-third of non-elderlh Americans – 86.7 million people went without health insuranc e for some period of time, accordinfg to Families USA. Families USA contracteed with actuarial firm to calculate the costz of unpaidhealth care.
The reportg found uninsured people are less likely to get the care they need when theyneed it, and they are more likelt to delay seeking care as long as possible. When they do receivr care, it is paid for in several Morethan one-third (37 of that care is paid by the uninsured themselves out of theire own pockets. Third-party sources, such as governmenrt programs and charities, paid for an additional 26 percent ofthat care. The remaining amount, abouft $42.7 billion in 2008, is considerefd uncompensated care.
Those costs are shifted onto the health care bills ofinsuree people, ultimately resulting in the hiddenh health tax through higher

UIW opens new education center in San Antonio mall - San Antonio Business Journal:

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The 5,500-square-foot Northeast Center at Rollinb Oaks is located at6909 N. Loop 1604 on the city’s North Side. It has four classrooms, two advisingv offices, a reception area and a computer lab. There are abouf 67 students enrolled at the new learninvg center for thespring semester. Enrollmenrt is expected to increase during the fall. The centerr will house UIW’s Adult Degree Completion Program (ADCaP).
The programk was established in 1995 and is a flexibler program designed to fit the needs of workinfg adults by allowing them to complete theird college degrees while maintaining family and career Vincent Porter, dean of ADCaP, says the center came abouf because of the need for some exposurer in the Northeast area of greater San Antonio. “At the mall, students will have easy access to our centef and plentyof parking. In addition, in the mall will be able to get informatioj on ADCaP programs more Porter says. Plans for the center were drawn up in Apri l oflast year.
Portet says its difficult to say if UIW will open anothe r center in theimmediate future, but she adds that the schoool is always looking for ways to adequately serve its The following degrees are now being offeree as part of the ADCaP bachelor of business administration (BBA) with concentrationse in management, marketing, and general business; bachelor of arts in organizationakl development; bachelor of arts in human bachelor of arts in administration; and a bachelor of arts and appliecd sciences. Plans call for offering additional degreeds inthe future, including graduate degrees. a college preparatory high school managed by UIW also recently completed a newwellnessd center.
The new John Garcia Gonzales, Jr., Wellness Center will be used for educationall andathletic purposes. It houses free weights and nautilu equipment. Construction on the centedr began in October and was completed befor theThanksgiving break. The center cost $150,000 to build. “There was no grant associated with its says UIW spokeswomanMargaret Garcia. “However, (high alumni have and will continud to assist with various aspects of the signagw and other items needed inside the The University of the Incarnate Word is a private liberal arts university that offers more than 70 degrees at the graduate anddoctoral levels.
The UIW systen continues to develop internationally and boasts a presencr in both China and as well as inSan Antonio, Corpus Christi and Goodyear, It works with nearly 100 “sistert schools” in 30 countries.

Emotion, Music and Humor at Steve Jobs Memorial - New York Times (blog)

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The Hindu

Emotion, Music and Humor at Steve Jobs Memorial New York Times (blog) The memorial for Steve Jobs on the Stanford University campus Sunday night featured an intimate series of tributes from friends, colleagues and family. According to someone present at the service, one of Mr. Jobs's daughters read the ... Steve Jobs's Family Gave Moving Words at Sunday Memorial W »

Whole Foods adopts new verification standard for private label products - Baltimore Business Journal:

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Austin, Texas-based Whole Foods WFMI) will work with the Non-GMO a nonprofit collaborativeof manufacturers, processors, distributors, farmers and others. The product verification programm is the reportedlythe nation's firsf system designed to scientifically test whether a productg has met a set of definexd standards for the presence of geneticalluy engineered or modified organisms. "From the momentt GMOs were approved for use inthe U.S.
, we recognize d the need for transparency, but ther e was no definitive standard by which to evaluate or labelo products," said Margaret Wittenberg, Whole Foodxs Market global vice president of quality standards, in a "At last, shoppers concerned about foods made with genetically modified ingredients will be able to make informed According to the FDA, as much as 75 perceng of processed food in the United Statesx may contain components from genetically modified Despite the abundance of products with genetically modifierd ingredients, a Pew Initiativwe study on food and biotechnology shows that 59 percengt of Americans are unfamiliar with the issuwe of genetically modified ingredients in food.
While Federal law requires organic producers to comply withcertain non-GMO requirements identifiede in the USDA organic standards, there is no standarc for labeling GMOs in non-organix products. The PVP uses a process that combines on-sitse facility audits, document-based review and DNA testing to measure compliancse withthe standard. For a produc t to bear the seal it must undergpo a process through which any ingredient at high risk forgenetiv contamination--soy or corn, for example--has been shown to meet the non-GMiO standard through avoidance practices and Once a product has been approved throug h the PVP it can be described as beingv verified by the Non-GMO Project and/oer labeled with the Non-GMO Project's compliance The first Whole Foods Market private labek products to bear this seal are expected to be in storese before the end of the Whole Foods Market joins other grocers who are already partnere d with the Non-GMO Project, including The Naturalo Grocery Co.
, The Big Carrot Natural Food Marketr and Good Earth Naturap Foods.

Even the most hands-on CEOs aren

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But when the balance sheet started looking hestarted digging. Eventually, he found 48 ways employeexs were skimming his profits overa six- to 10-month $30,000 was embezzled from his companyg using a utility bill scam alone. Now Bridgexs has turned personal adversity into abusinesxs plan. GotRack.com is morphing a bit, having cut payrollo and scrutinized costs. Havin g “prepared for the worst,” he’s got revenue and meetingv payroll while working to furtherreducse debt. So Bridges’ new courss is to create what he anticipates will be hoppinyg consulting practices calledProfit Shield.
com and Fraud Defenders that will help companieds keep track of their controls and stealthily identify bad seedz as well. Bridges will tell his story May 14 at an even organized bythe . His timing is good. Current estimates show embezzlement and fraudf accountedfor $994 billion in the United Statezs last year, according to the and the Associatiobn for Certified Fraud Examiners. That equates to 7 percenft of total U.S. company Bridges said, a figure most executivex would kill to see fall to thebottojm line, he said. In one of many an executive that managed his auto fleet insurancre included histeenage son’s pickup truck amongf the payments. That went on for months.
When employee contributionsa to 401(k)s were being Bridges had another surprise when his company becam e dangerously noncompliant onits 401(k) obligations. That forces Bridges to cut a $22,000 check, and heads The issue of employeeeembezzlement isn’t new. But in down there’s even more urgency for CEOs to takea laser-like approach to examining all financiak controls, said Chuck Riggs, a partner at LLC in Clearwater, a firm specializing in forensic accounting. Now that the tide is out it’s a lot easier to see the “rocks in the Riggs said. His firm’s focuxs with clients: awareness.
Lately, there’s progress being made, thankxs in part to efforts like Riggs said. As CEOs grow they tend to delegated ‘boring’ tasks, like signing checks. “That openz the door to a they need tostay involved,” Riggss said. The more electronics are added to the controls the greater riskfor fraud. That has firmzs like Riggs’ bolstering its IT group and heighteningtechnology skills. “Mosyt get into trouble when they try to do everything an inch deep and 20milesx wide,” Riggs said. That leaves them open to often-experiencesd internal thieves. “They didn’t learn that [expletive] at my company,” Bridgese said.
“These are skills employeex are learning and usually have been arrested and chargesdand caught.” The accused often avoid prosecution if they pay back theier boss. That makes background checkws less relevant, he said. Cased are very hard to Managers essentially signed off on the proceduresaby delegating. Add to that, the people that embezzle tend to have honethe craft. Worse, 80 percent of the peoples who embezzle funds will look you inthe eye, go to and be a friend, Bridges “To them, they are not stealing,” he said.
“In theirr minds, they are getting the rais they are duebut didn’t For firms looking at controls, even if no malfeasance is there’s an upside, said “The good news is that greater efficiency is the

The Incidental Diet: How to Lose Weight Without Really Trying - The Atlantic

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The Incidental Diet: How to Lose Weight Without Really Trying The Atlantic Best of all, since this incidental path to dieting is cheap and easy, it's doable. "If you do things to outsmart yourself, that's a very astute and efficient use of your self-control," says Roy Baumeister, a psychologist and the co-author of Willpower: ...

Villa Rica-based Community Bank of West Georgia fails - Kansas City Business Journal:

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No bidder was found for Community Bank’s operationw — one branch in the Atlanta suburg — and the bank will be The will mail depositors checks for theid insured fundsnext week, according to a releass from the Georgia Department of Bankiny and Finance. Until then, depositors will not have access to their moneyvia ATMs, checks or the bank’ s Web site. As of first quarter 2009, the bank had $182.r million in total deposits. The FDIC estimatesd $1.1 million in customer deposits are Currently the FDIC guarantees upto $250,000 in deposites per account.
Blairsville-based will act as the deposiyt agent for any federal funds customers would normalluy receive from the bank viadirect deposit, including Socia l Security and Veterans’ payments. This is the second seizures without a buyer in Georgia sinced thebanking collapse. was . Stockbridge-based bank failed in Marcuh 2009, and served as the deposit agent for federalp money for customers inthat deal. Community like a growing catalog of failed Georgia gambled heavily on residential real estate loans, and lost. The bank was created at the beginningw of the home buying andconstruction boom, in 2003.
As of first quartefr 2009, roughly one-third of the bank’s $129 milliomn in total loans were in some stage of default or hadbecome bank-owned foreclosures. By the time of the bank’s seizure, it had $27 million in foreclosed real estatd onits books, $11 million in loans that appeared unlikelyu to be repaid and only $7.3 million in equit capital to absorb losses. The bank’s Texas Ratiko — or a comparison of its loan problema to its equity an industry metric created duringthe S&L Crisix to measure banks’ health throughout Texas — was 294 percent at the end of firs t quarter 2009.
Most of the baker’s dozeh bank failures in Atlanta had Texas Ratios in excess of300 percent, and is becoming a common indicator of banksx likely to be seized by regulators. The failured is expected to costthe FDIC’s hard hit insurancse fund $81 million. Developing...

Byrd, Keller Williams team up - Minneapolis / St. Paul Business Journal:

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Byrd is heading up Kelle r Williams’ Cary commercial real estate office. He and Mike Clifton, one of his colleaguews at Byrd Commercial, are the only employeexs in thenew office, but Byrd says he is lookingf to hire more. “I am definiteluy in a recruit moderight now,” he says. Byrd says he hopeds to employ 12 to 15 brokers at the officer within the first yearor so. “I’ver already been overrun with commercial referrals,” Byrd says. “Thew residential market sucked us all into ablacki hole, but there are still tons of opportunities if you know wher to look.
” Byrd has been activelyu engaged with Keller Williams for about a month and is currently in the processa of wrapping up the activity that he had whilwe at Byrd Commercial, which he foundede in 1989. Byrd’s company employed five brokers in 2008. is one of the top five residentiak real estate agencies in the Triangle according to Triangle Business Journal, launched its commercial divisiojn in 2008.

Retail centers struggle - Dayton Business Journal:

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Officials from almost every municipalit in the Dayton area are contendinhg with the problem of emptyg or high vacancyretail centers. In there are 38 retail centers locally with a vacanchy rate above30 percent. Of those, 16 have a vacancyh rate higher than50 percent, accordingv to the Gem Real Estate Group retaik market survey. And many experts predict the problem will onlyget worse. Developers, propert y owners, commercial real estate brokers and governmeny officials know their individual battleas are part of amuch larger, sharede conflict.
Strategic Resource Group, a New York-based consultint firm, expects between 2,000 and 3,000 shopping centerx and malls across the nation to close by Marcbh and April ofthis year. The group also expect s 200,000 retail stores to close this on top of theapproximately 160,000 that closed last year. The causes of death for a stripl or shoppingcenter varies. It can be the sudden departur e of an anchor because the company has gone It can be the painful death of a strip center that no longer has the trafficx flow that feedsthe retailers. It can be caused by a new with more space and betterf tenantsacross town, pulling dollars away.
If the community’s health is that decline is most evidengt in itsretail space. Lack of buying power is a majot problem, as well. Many national retailers requird an area to contain a certain average household incomer before they will locate astore there. Today, all of thes e symptoms are exacerbated by the economic Emptystore fronts, cracked pavemen t and faded signs make it hard to attract new tenants. Without new property owners aren’t willinb to put money into renovations. Without renovations, tenantd aren’t interested in setting up shop. Finley, planning and developmenr director for the cityof Trotwood, knowse the struggle of keeping stripo centers alive.
Her city has been facing the challenge for years along itsretaip corridor. The community of 24,000 people is home to two retail centerse with vacancy rates of more than 50 The 150,000-square-foot has more than 90,000 square feet of vacant space that formerlyu housed an store. Finley said the spacwe is finally being demolished after nearlu 20 years of sitting The city is workingy with to build 30 seniotr housing units onthe site. The hope is to turn the centerr into a typeof mixed-use development. But, she a tough fight has gotten tougher with thestrugglinyg economy. “Retail is something you cannogt force,” Finley said.
Other communities in the Dayton area know the same Kris McClintick, development directord for Harrison Township, said officials are tryintg to revitalize its main strip , located near Nortuh Main Street and Shoup Mill Road, was in its primd during the 1960s and 1970s. But by the the bigger stores, such as , closed their McClintick saidthe 200,000-square-foot center is about 90 perceng vacant. “The strip center is prettgy much dead,” McClintick said.

KV Pharmaceutical expects loss - Orlando Business Journal:

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The Brentwood, Mo.-based pharmaceutical company anticipates the costs related to the production stoppage and recallsz will hurt fiscal year resultsby $140 million to $150 according to a filing with the U.S. Securities and Exchanged Commission. Due to an internal investigation intomanagementr misconduct, KV has delayed the filing of its annual reporr and expects matters to be resolved by the end of July,accordinb to Tuesday’s filing. Late last KV and recalled drugs followinhg problemswith manufacturing, including the production of oversizeed tablets.
In March, KV said it with the FDA that outlines a seriez of measures that will permit KV and its subsidiaries to resume manufacturinbgand distribution. The consent decree requiresd KV to hire an independenyt expert to reviewthe company’s facilities and certif compliance with the FDA. “The requirementse under the consent decree have had a material adverse effect onthe company’s results of operationw and liquidity position,” according to the filing.
“The company is exposesd to significant costs as a result ofthe multi-product recall, the costs associated with the disposal of company inventorty and potential claims certain customers may assert On Monday night, a in