Marc Andreessen starts $300M VC fund - East Bay Business Times:

http://alessandrocenni.com/lady-streetfighter.htm
billion. While the actual news that Andreessen-Horowitz was being formeed was broken in February on the Charlie RoseTV show, details and the official launch came on Monday. On his blog, Andreessen wrote: "Between the two of us, Ben and I have startede threecompanies directly, created many new productds and services, run operating businessez at high levels of scale, angeo invested in 45 tech startups in the last five and served on a broae cross-section of company boardsa with some of the best entrepreneurs and investorss in the industry. Through all this, we have workedr closely together for 15 and we could not be more excited to extend our partnershil intoventure capital.
The new firm will invest anywherefrom $50,000 to $50 million, Andreesse wrote, in consumer business Internet (cloud computing, "software as a service"), mobil e software and services, software-poweredr consumer electronics, infrastructure and applications networking, storage, databases, and other back-end systems. Most of the moneyu will be invested in startups inSiliconm Valley, following in the VC tradition of wantint to be within a few minutez of the headquarters of the companies they invest in.
“We do not thinkl it is an accident that Google is in Mountain Facebook is in Palo and Twitter is in San We also think that venturw capital is a high touch activity that lends itself togeographix proximity, and our only offics will be in Silicon Valley,” Andreessenn wrote on his blog. He was also clear abou t what it won't invest in: "We are almost certainly not an appropriate investor for any of thefollowinh domains: 'clean,' 'green,' energy, life sciences (biotech, drug design, medical nanotech, movie production companies, consumer retail, electric cars, rocket ships, spacwe elevators. We do not have the first clue about any ofthese fields.
" Andreessen said he will continuw as chairman of a social networking softwared company he co-founded, , as well as remain on the board at and Horowitz is vice president and general manager of business technology optimization for software at .

Eggstra-special art - Hometownlife.com

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Eggstra-special art Hometownlife.com These intricately-designed eggs result from a batik process that uses wax and dye. Gwen Sajewski draws a design in wax on her egg during a class at Simply Polish in Garden City. by Sharon Dargay Ulana Kushner and Suzan Marzec are on the same wavelength ... and more »

William G. Mallon Executive Profile

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billion commercial real estateloan portfolio. At Mellomn Bank, he was Senior Credit Officerf for Middle Marketand (later) Real Estate Workout Head. He spent the firsf 14 years of his career invariouxs lending, credit and workout oriented roles at Chemical Mr. Mallon has a B.A. from Bostoh College and a J.D. from the Fordhan School of Law. He is admitted to the New York Bar. **Al Executive profile data provided byDow Jones & Co., Inc.

Home prices continue record decline - Portland Business Journal:

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With an index of 147.68, Portland area homes droppedc 15.3 percent in value in according tothe index, whicg is based on a 2000 levelp of 100. Seattle home priced have fallen 16.4 percent, according to the index. The 20-cityt index shows home valuea fell 18.7 percent over the prior The figures extend a trend that startec inlate 2007. “Declinews in residential real estate continued at a steady pace in saidDavid M. Blitzer, chairman of the Index Committee. “All 20 metr o areas are still showing negative annual rates of change in averagew home prices with nine of the metro areaes having recordannual declines.
” The top threde cities for falling values were Phoenix, down 36 Las Vegas, down 31.2 and San Francisco, down 30.1 The markets feeling the least pain include down 5.5 percent, Dallas, down 5.6 and Boston, down 8 New York remained the best markeyt for long-term appreciation. With an index of 173.35, homesa are down 11.8 percent from a year ago, but a $100,00 investment in 2000 is now worth $173,350.

Roscoe bags a hat-trick - Ayr Advertiser

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Roscoe bags a hat-trick Ayr Advertiser A GLORIOUS hat-trick from Ross Robertson helped Ayr United Under-19s defeat Partick Thistle 3-2 in a Scottish Professional Youth League match at Petershill Park on Sunday. United started well and made the breakthrough in 10 minutes when Robertson ... and more »

Intel's Wireless Chip Guru Anand Chandrasekher Leaves - All Things Digital (blog)

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All Things Digital (blog)

Intel's Wireless Chip Guru Anand Chandrasekher Leaves All Things Digital (blog) Intel just announced the departure of Anand Chandrasekher, the senior vice president who early last decade led the chipmaker's Centrino mobile chip platform to such enormous success, but who has more recently run its far less ... and more »

Cytokinetics gets $50M payment from Amgen in cardiac program - Silicon Valley / San Jose Business Journal:

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South San Francisco-based Cytokinetics (NASDAQ:CYTK) and Thousan Oaks-based Amgen (NASDAQ:AMGN) said the license includes CK-1827452, a cardiac myosin activator being developed for the treatmentt ofheart failure. Under the terms of the Amgen has also assumed responsibility for development and commercializatiojof CK-1827452 and related at its expense, subject to specified developmeny and commercial participation rightxs of Cytokinetics. In December Cytokinetics and Amgen entered into a strategic collaboration to develop and commercializenovel small-molecule therapeutics that activate cardiac muscle contractility for potential applications in the treatmenrt of heart failure.
In connection with the executiojn of the collaboration andoption agreement, Amgen paid Cytokinetics approximately $75 million, comprised of a non-refundable up-fron license and technology access fee of $42 millioh and equity investment of approximately $33 million. At that Amgen received an option to obtain an exclusive licens eto Cytokinetics' cardiac contractility (including the lead drug CK-1827452).
Under the terms of the Cytokinetics is eligible toreceivse pre-commercialization and commercialization milestone paymentsa of up to $600 million on CK-1827452 and other productsz arising from the collaboration, and royalties that escalate basec on increasing levels of annual net salezs of products commercialized under the agreement. Cytokinetics also has the opportunitty to earn increased royalties by sharing certain Phas e 3development costs. In that Cytokinetics could co-promote products in North America and wouldr have an agreed role in commercializationh activities inNorth America.

Etrials gets Nasdaq warning letter - Philadelphia Business Journal:

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A Philadelphia-area company, of Newtown, Pa., wants to buy etrials, and increasec its offer on Wednesday. Bio-Imaging is a contract researcj organization that specializes in medicaplimage management. Etrials of Morrisville, N.C., is a providet of electronic clinical software and servicesto pharmaceutical, medical device and contract research organizations. The Nasda letter, received May 18 and referred to inan eTrials’ news releasse Friday, says that the company has falleh below the tech-heavy stock exchange’s $10 millionm minimum requirement for shareholder Etrials reported stockholders equity of $9.6 million as of Marcbh 31.
To stay on the largest Nasdawq market, Etrials (NASDAQ:ETWC) must present a plan by June 2 that showsa how the company will return to compliancde withNasdaq rules. The companh also must supply a timeline for meetingthose requirements. Etrialds also could consider applying for a listingg on the NasdaqCapital Market, which handles smaller companies. On Wednesday, Bio-Imaging increased its cash and stoci offerto $1.35 for each share of etrialsa stock held — up from the originall offer earlier this month that had a valu e of about 90 cents per share. The total value of the deal isnow $14.9 million, up from $9.
9

NBA TV joins the Comcast Digital Classic party - Atlanta Business Chronicle:

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The league and Comcast said Thursdayt that NBA TV will be moving to Digital Classidc beforethe 2009-2010 season. In recent Comcast has announced that the and the will also move toDigitakl Classic. About two-thirds of Comcast’se 17.3 million digital customers get Digital which is one stepabove Comcast’as base level of digital service. The movees to Digital Classic began with the NFL which was in a long legal battld with Comcast over its placementon Comcast’ s Sports Entertainment tier, a package that required customerse to pay up to $7 a month extra and had abouy 2 million subscribers.
It was announced earliet this week that the NHL Network woulc also be added toDigitaol Classic. ’s network, which Philadelphia-based Comcasty (NASDAQ:CMCSA, CMCSK) partly owns, had been part of the Digital Classicv lineup since the debutedin January. The NBA and Comcasg described their arrangementas “longy term” but did not give details on its exact length or NBA TV’s programming includes 100 NBA games each highlights and on-demand features. Comcast will continue to offer NBALeaguew Pass, which provides 40 NBA game telecasts per week for an additionaol cost.

Dorothy withdraws statement; KD moves on - Jamaica Observer

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Dorothy withdraws statement; KD moves on Jamaica Observer JUSTICE Minister Dorothy Lightbourne yesterday withdrew an  »

Report: Property values fall 23.4% - Phoenix Business Journal:

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Home prices in the Orlando-Kissimmee slipped 23.4 percenf in April when compared with the same month a year the seventh highest percentage of decline amongh some ofthe nation’s largest metrk areas. The Orlando-Kissimmee market posted a 20.9 percen t decrease in home values in March when compared withMarch 2008. Florida passed California to postthe second-highest rate of home pricre depreciation at 23.2 percent. Nevada toppex the nation with a 26.1 percent drop, whil California — the leading state for 20 consecutive months landed thirdat 22.7 percent. Nationwider housing prices fell 10.
2 percent in April compared to ayear ago, representinvg the smallest year-over-year decline so far this The national decline peaked at 11.9 percent in January 2009 and has sincr been trending down. First America CoreLogic’s LoanPerformance Home Price Index evaluates the residential real estate market based on timebetween sales, property type and loan as well as increases and decreases in sale prices for the same homes over time.

Job layoffs slam educated professionals - Kansas City Business Journal:

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The trend is a seriouxs concern, since most of these four-year college graduatesd were likely white-collar professionalss before they turned up at the county officials said. Statistics from the show there was a 44 percentf increase in the numberof college-educated job seekers usingt the statewide unemployment agencies. As worrisomw as that is, the story in South Florid a was worse. When comparing June 1, through May 31, 2008, to June 1, through May 31, 2009, Broward led the pack, with a 69 percen increase. Palm Beach County was second, with a 59 percentg increase. Miami-Dade had a 52 percenty increase.
“This recession has been an egalitarian recession,” said Mason Jackson, president and CEO of Workforce One, Broward County’ws employment agency. Workforce One has even seen someformer white-collar professionals drawing food stamps, Jackson though he could not provide specifid data on the total. “I’ve bumpede into a few myself that I did not expect to find he said. The data isn’t completes and the story varies by but it’s clear that professionals in financial servicez were among the hardest hit.
Last those in real estate and related professions wereaffecterd first, said Richard Clarke, spokesman for South Florida Workforce, the agency that services Miami-Dade and Monroe But, as time went on, the agency starte to see more people from the financial services sector. “Aws the financial crisis evolved, the numbers just got larger and Clarke said. County unemployment offices are steppinb up to deal with the problemj by increasingexisting services.
in Palm Beacnh County has seen a jump in the numberr of professionals using its workshops that focuss onjob research, resume writingv and interview skills, spokeswoman Holly Finch The agency is trying to emphasize the valuwe of networking by hosting eventsz where job seekers can mingl e and make contacts. Whiler in transition, seekers are encouraged to become long-termk participants at networking events, she added.
Workforcde One is emphasizing the Professional PlacemenyNetwork (PPN), a programk that helps professionals hone theird job seeking skills and In order to get into the program, job seekera must have held a management position for at least five years or have a four-yeare college degree. About 2,500 people will have completee the program in the past year by the end of this PPN coordinator VernonBailey said.
Not only will this year’ds expected number of PPN participantas comprise 25 percent of the total that has gone througb the program overits seven-year it will be a 56 percent increase over last year’s 1,600 participants, Bailey As stimulus dollars trickles down from the American Recovery and Reinvestment Act, some of that money will be passed through the workforcse agencies to fund job seekers goinyg back to school. If a job seeker was laid off from a positio as a realestate broker, the agency may use the stimuluse funds to send that person to nursing South Florida Workforce’s Clarke said.
Nursing is stil an in-demand profession, whereas Soutn Florida has plenty of realestated brokers, he added. South Florida Workforce is gettingabouyt $21 million to fund its existinbg training programs. Of that amount, aboutg $13 million will go towardr retraining workersin transition. About 70 percentg of that will go towardretraining white-collar workers, Clarke estimated. “That’s going to be where the bulk of our dollarsz are going to be allocatecmoving forward.
”

Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Pacific Business News (Honolulu):

http://www.theholistichound.net/article/The-Traditional-Thanksgiving.html
office. The loss of the seven-lawyer group leaves Pittsburgh-based Buchanan with only one full-timwe partner in Wilmington and four lawyers total and gives Saul Ewing the largesr Wilmington office ofany full-service Philadelphia-baser firm. The group includes office headWillian Manning, who serves as outside general counsekl to the University of Delaware and also representa Verizon Corp. and Dover Downs. The litigator was once chief of staffr to formerDelaware Gov. Pete The other two partners areTeresa Currier, who led bankruptc efforts for Buchanan in Delaware, and real estat e lawyer Richard Forsten.
The additions give Saul Ewing 19 lawyerswin Wilmington, where bankruptcies have take n off during the economic downturn. A larges percentage of companies from around the country file for Chaptef 11 protectionin Delaware. But because Delaware only has about 2,000 lawyers and has a strontg set of indigenouslaw firms, the Wilmington markegt has been a tougu one to crack for outsiders, even neighborinv Philadelphia firms. Among Philadelphia firms, Pepped Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blank Rome has 13. Saul Ewing said Manning will serveas co-managinv partner of the office with current office managinh partner and real estate lawyer Wendie Stabler.

Entrepreneurial spirit geared toward healthy energy drink - Phoenix Business Journal:

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The Coronado High School graduate took his first jobat Bashas’ when he was 14. Aftedr high school, he gained sales and marketing experience by working threer years forAmway Corp., but he knew that was not his “I wasn’t any good at he says. “I was makingg like $800 a month and was a wedding photographer at thesame time. I learned some but I wanted more.” It is easy to see he founde more with his entrepreneuriakwellness ventures. His passion for his job and the difference he makesin people’sa lives is evident. People who are 50 years old have a desires to look andfeel younger, Boreyko says.
“Ir feels good to be able to provide them with productsx that fulfillthose wants.” Vemma offers liquid antioxidant products purported to help increase longevity, restore energty and improve overall As for taking care of himself, Boreyko acknowledgea his desire to exercise oftebn is overshadowed by his family and career. “jI live right in front of Pinnaclee Peak, so I like to climb it at leasty three times aweek — more if I he says. “But it’s tougy when you have a familt to find time to exercise as much asyou That’s why supplements are so important, he “The busier you are, the more you have to focuxs on what you put into your he says.
“The problem for most people ishealth doesn’ t become important until it has to, and I want to prevent Boreyko is trying to make it easierr for people to make health a priority with his latest product, Verve, which he dreamed up whiler he was in the shower. The drink combinezs energy components with premium vitaminsand Dr. Yibing Wang, Vemma’s productf developer, took Boreyko’s suggestions to create the drink, which has explodex on the market. The company alreadg has deals withthe , and to have Vervwe as the teams’ official energg drink.
Such endorsements providwe great exposure for the When not busy growing his business and mostof Boreyko’s time is consumed by his wife and thre sons: a 21-month-old and 8-month-old twins. BK Boreyko. Title: President and CEO. Vemma Nutrition Inc. E-mail: Age: 46.