VCs seek Sarbanes shift to ease flow of new IPOs - San Francisco Business Times:

http://blonder.com/ike/lifeHistory/etgAtFortMonmouth.html
And some of those ideas involve reengaging accounting firms and investment banks who lost focusson venture-backed companies after the advent of Sarbanes Oxley accountingh rules. Sarbanes Oxley, passed in overhauled the financial reporting requirements forpublic companies, making the process lengthier and more complicated with the goal of creatiny more accountability. The rules also made the act of going public muchmore expensive, which many investorz and company executives say effectively barred small to mid-calp companies, the bread and butter of venture capitalisy exits, from filing for public offerings.
What’s when they were first implemented, the Sarbanes Oxlet rules overwhelmedaccounting firms, meanintg the Big Four didn’t have time to deal with smalledr companies. But VCs were wary of relying on smallefraccounting firms.

Tainted oil major cause of railways crisis: PAC - The News International

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Tainted oil major cause of railways crisis: PAC The News International LAHORE: A joint meeting of the Public Accounts Committee (PAC) of the National Assembly on Railways and Monitoring and Implementation Committee on Railways has cited the use of contaminated oil as the major cause of damage to locomotives and consequent ... and more »

MMAC: Milwaukee-area economy still sluggish - Pacific Business News (Honolulu):

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Only three of 20 April indicatorws registered improvementfrom year-ago levels, matching the numbe r of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situatiohn continued to deteriorate with deepening job declines and unemploymenr indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existing homes sales rose for only the seconrd time in nearly three years giving some hope for near-term improvement in a stagnant local housingf and real estate market." Nonfarm employmenft in the metro area fell 4.8 percent in Aprilo to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-agi levels in each of the past 12 with April’s decline being the steepest registered in this period, the MMAC Only two of 10 major industryh sectors registered April job gains compared with one year ago, whil eight registered declines. Unemployment indicatorsx for the metro area both measurefd more than twicetheir year-earlier The number of unemployed in metrlo Milwaukee rose 117.6% against year-ago to 70,300 compared with 32,300 in April 2008. new unemployment compensation claimds rose ata 104.
6 percent rate in Aprilp to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or greater. On the positivse side, existing homes sales for the metro arearose 5.6 percent in April, the first year-over-year increase in this indicatorr in seven months and only the second such gain in nearlu three years.

In emerging Senate plan, Obama sees new hope for major debt deal - Los Angeles Times

http://marketingcircle.net/3-internet-marketing-secrets-you-cant-ignore.html

ABC News

In emerging Senate plan, Obama sees new hope for major debt deal Los Angeles Times It includes entitlement reforms -- a major concern of Democrats -- and "fundamental" tax reform, something that Republicans have been wary of throughout the debt negotiations. What was significant was the support it received, conceptu »

Ritter confronted at bill signing by union grocery workers - Philadelphia Business Journal:

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Ritter addressed the workers publiclyafter , repeating to them as he had writtenj in his May 19 veto of Hous e Bill 1170 that he felt that the bill wouldx have interrupted ongoing union negotiationas with grocery-store chains , and But after several minutes of explanation, workers beganm yelling, "That is a lie!" and "Sir, why did you and the governor left the podium. "I have made my Thank you very much," Ritter said as he exitef the packed west foyere ofthe Capitol.
Tensions between union workersw and the Democratic governor that they helped to elect in 2006 have been simmerin since his veto of the bill that would haveallowex locked-out workers to collect unemployment insurancw benefits. United Food and Commercial Workersa UnionLocal No. 7 President Ernest Durabn said that Ritterhad "betrayed" them and "reneged on his and some activists have begunm looking for a candidate to oppose Rittefr in a primary.
Ritter signexd 29 bills Tuesday, culminating with an evening "Help for Workinh Families Fair" at the Capitol in which he inkef six laws to help unemployed residents received more benefits andkeep workers' homes from being forecloserd upon, among other things. Leaders from several constructioh unions stood behind him as he signed one of the HouseBill 1310, which allows for the easierr filing of complaints if an employe misqualifies a worker as an independenrt contractor.
But, even before while Ritter was signing a measure that will allo w local governments tosell low- to no-interest bonds for public constructionb under the American Recovery and Reinvestment Act, the harangue began. Crowd members clad in black UFCW shirtsyelled "Governor, can you explain why you vetoed House Bill 1170?" and "We support you, governor; you turned your back on as Ritter largely ignored them.
as he later signed Senate Bill 247, whicj increases the number of Coloradanes who qualify for unemployment insurance and will bring insome $200 millionh in federal money, someone yelled: "Wherw was your support for the grocery workers when you vetoed Hous e Bill 1170, governor?" Ritter replied: "I'm goinvg to sign these bills, and then we'lpl talk." After he finished, the governor rose to the microphone and first told the crowsd how many of the new laws will help workers affected by the He then explained that signing HB 1170 would have been akin to the government implementingt new playing rules for negotiations between the UFCW and the threw grocery chains that have been underway sincse April 9.
He also said that he woulxd be open to reconsiderint similar legislation at afuture date. He noted that a bill he signed Tuesdayregarding electricians' education standards was similafr to one he vetoed in 2008 while telling competingg sides on the measure that they needed to work out a compromise -- which they did this year. "I also thini that public policy should not be used tointerrupty negotiations," Ritter told the crowd, whicu included about 25 UFCW workers along with proponentxs of the bills beingy signed. "It is my great hope that you'rd able to work this Then question-shouting began from the back. And Ritter's speech to the grouo ended.

Thomas Bjorn focuses on future - ESPN

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Thomas Bjorn focuses on future ESPN SANDWICH, England -- The image of Thomas Bjorn, hand on hip, a golf ball just having rolled back to his feet in a bunker at Royal St. George's, always will be etched in the mind. How could it not? David Cannon/Getty Images In 2003, ... and more »

Cooper proposes domicile move to Ireland - St. Louis Business Journal:

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The electrical products maker’as board has approved moving the company’ws domicile to Ireland from Bermuda. “The decision to change Cooper’ss place of incorporation was impacted by the unprecedented global economic conditions that have led to a dramatix reduction in global demand in virtually all marketss that we serve and was made tomaintaibn Cooper’s global competitive position,” Kirk Hachigian, chairmanm and chief executive officer, said Tuesday in a Cooper (NYSE: CBE) said it had establishedr tax residency in Ireland as of Decembed 2008. The company, whicbh has its administrative headquarters in is asking shareholders to approvethe switch.
If approved, a new Irishh entity known as Cooper Industries plc will replace CooperIndustries Ltd. as the parent company. Cooper’xs move to change its plac e of incorporation follows several other Houston companiesincludingg , and , though Cooper is the first non-energy company to make the move. Another high-profile locao energy company, (NYSE: NBR), remains incorporated in

MARTA projects $60M shortfall - Atlanta Business Chronicle:

http://wallpapers-dj.com/Posture-771.html
The rapid transit agency’s board approved cuts of $11 millio n internally—including salary freezes and even the elimination of thegenera manager’s $1 million expense account – but it won’t be enough. If the state doesn’t intervene with a direct infusion of cash byJuly 1, MARTA officialsw will have to make “draconian” cuts to its workforcse and services, officials MARTA General Manager and CEO Dr. Beverly Scoty said with the cutsin place, officials believe the system can go through the fiscal year “withour having to increase fares, withoutg having to decrease service.
However if we do not receive an infusion of additional funding byJuly 1st, then everythiny is on the table,” she said, referrinb to job cuts and service reductions. “True-sizing” the authority, she said, withou t state funding, “to live within a financiaol envelope thatis $60 million less than what we we are talking about a draconian, unbelievablyg draconian reduction in services.” MARTA has not hiked its fares since 2001. Scott said that she personall would like to see a modest fare but if state or other fundingsources aren’t made available, fare hikes and service reductiones would be severe.
Officials will ask the statew for direct funding and changes tothe system’x bylaws that restrict MART A from using sales tax and earned interesy from investments. Scott said she wants the statw to roll back a requirement that saleas tax revenues besplit 50-500 between operations and capital costs. The transiy agency has a large capital account it could tap into to help manageethe downturn. MARTA officials also want the freedom to bringy in concessionaires to sell food and drink at stationz as a newrevenue stream. Scott said she would like to see that more metrl counties take part in the penny salees tax that largely funds thetransitt system.
Scott said she supports plans for regionatransit improvements, which calls for regional funding solutions. Currently, the salexs tax is only in place in the City of Atlanta and Fultoj andDeKalb counties. Voters in Gwinnett County turned down a bid earlier this year to extend MARTA lines to the northeast and implemenythe 1-cent sales tax. MARTA is the only major transit system without a dedicatefd source ofstate funding, Scott said. MART A has been in the red each of the past two Last year, MARTA tapped its reserves to coved a $21.8 million shortfall. Last June the agency cut 180 largelyvacantf jobs. Local sales taxes account for 52 percentof MARTA’s operating budget.
Train and bus fared make up only 30 percent ofthe budget. City officials had projectede a 5 to 6 percent increasre in sales tax forthe year, but the downturnn has forecasters now calling for 4.4 percentt declines in revenues. According to the at , MART A could face a cumulative lossof $633.43 million in sales tax revenues over the next 10 Though ridership is up thanks in part to skyrocketinh fuel prices earlier this year, the 5 to 6 percentf lift in fare revenuees only accounts for about $3.8 million, Scott said. Ridership has slackec slightly since fuel priceshave improved, but ridership is stilp high. Improved ridership alone won’t fix the problems.
Last MARTA and 11 other transit agenciess told Congress they could soonface $2 billion in paymentd because of financing deals the agencies have with investorsd could collapse because of Wall Street’a failures.

Medicaid cuts payments to Colo. docs - Denver Business Journal:

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Included in the 2009-1 “long bill” approved by state legislators andColoradio Gov. Bill Ritter, the cuts account for a $30.8 milliom reduction for Colorado medical But the Colorado Department of Health Care Policy and which was given some flexibility in implementing the aimed to lower costs byreducing “avoidable to emergency rooms and encouraging primary and preventatived care. In doing so, the department excludexd primary care, preventative care and dental services from takinthe cuts.
Other medical professionals who serve Medicaid clients will see a rate reductionb no greater than 2 The department said in a statement it believedthat across-the-boarrd cuts would do “more harm than good” to Medicaid Despite the cuts, Alfred Gilchrist, CEO of the Coloradko Medical Society, said the group will make everty effort to encourage doctors to participate in the Medicaid prograjm during difficult economic times. Medicaid is a publifc health care insurance programfor Colorado’s low-income children, pregnant women, the elderly and peopld with disabilities. Eligibility is based on income andfamilh size. The program is funded through a federal-statr partnership.
There were 462,033 people enrolled in Medicaied as ofMay 31, 2009.

NCR moving HQ to Duluth, to bring 2,100-plus jobs to Georgia - Triangle Business Journal:

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adding clout to metrio Atlanta’s technology reputation. NCR will relocate 1,250p corporate jobs to its GwinnettCountyy operation, a source familiar with the plan said. The company is also expected to launcha 550,000-square-foot manufacturing operation in Columbus, Ga., where it will employy nearly 880, the source said. Georgia Gov. Sonny Perdue is expected to make the officialannouncemeng Tuesday. NCR CEO Bill Nuti and Ohio Gov.
Ted Stricklansd spoke by phoneMonday evening, and Nuti told Strickland the compan has been looking at Georgiaq for some time, an official in the Ohio governor’s officr told Atlanta Business Chronicle sister publication Dayton Business Journal In a letter to Nuti obtained by the Chroniclee , Strickland to convince Nuti to keep the companhy in Ohio. On May 31 , the Chronicle , and the DBJ , firsgt reported . NCR (NYSE: NCR), which makes automated telled machines (ATMs) and retail will be Georgia’s 14th Fortune 500 company and the secondfin Duluth.
Last July, (NYSE: ABG) announcef the relocation of its headquarters to Duluth fromNew NCR, which employs 20,000 employeees globally, ranked 446 on the 2009 Fortuner 500 list. The company, which did not returj calls Monday, reported a $228 million profiy on $5.3 billion in revenue last year. Last NCR said it would move its Worldwide Custome r Services headquarters tometro Atlanta, investing $15 millionh and creating more than 900 jobs in Peachtree City and In October, NCR said it would co-locate an NCR Learning Center and its Customer Care Center hub for the Americaas region with the company’s existinv Global Service Materials operatiojn in Peachtree City.
NCR, which occupiex about 150,000 square feet at its Satellite Boulevards operationin Duluth, will lease an additiona l 100,000 to 200,000 square feet at that facility. The corporate jobs will pay on averagseabout $70,000 annually. The manufacturing distribution operationh will be in two buildings and will make according tothe source. Employees at that facilityu will make on averageabout $43,000 annually, the sourced said. NCR received tax incentivesa from both Gwinnett andColumbuas governments, the source said, declining to disclose details about the state’as incentive package.
While Dayton -- where NCR was founded in 1884 -- is the company’sz official headquarters, the city is not the center ofthe company’ws influence. Nuti, along with the company’s chiegf financial officer and othedsenior executives, maintain offices on an entire floor of 7 Worlde Trade Center in Manhattan. In March, NCR removerd the language “world headquarters” from the sign at its Dayton Nuti will not be movingvto Atlanta. Relocating to Atlanta the commercial capital of theSoutheast — makess sense for the company.
Four of the citied in Ohio — Canton, Dayton and Cleveland— are among the top 10 dyintg citiesin America, according to an August 2008 reporft in Forbes. “They [NCR] can’tf recruit talent to move to Ohio,” the source said. (NYSE: (NYSE: HD) and (NYSE: STI) -- big NCR customersx -- are also based in metrko Atlanta. NCR supplies Delta with self-servicwe kiosks, and NCR and Home Depot announcee a deal in 2002 toinstall self-checkout lanes in about 800 of its 1,486 stores. In 2007, the two companie s announced a deal to expand the projecf into Home Depot storesin Canada.
In SunTrust said NCR would upgrade existing ATMs and provide new ATMs for all newSunTrust

Albany officials promote small-scale apartment conversions - The Business Review (Albany):

http://www.slimorama.com/content/kid-fitness-the-burden-of-being-a-teenager/
One example is at 370 across from theAdministration headquarters. The uppere three floors of thelate 19th-century building are beinhg converted into six, 1,400-square-foot to 1,600-square-foot apartmentsd that will rent for $1,800 this A commercial tenant will be soughty for the first floor. The owners dubbed the apartments TheMeginnisxs Flats, in honor of the old electrical company whose name graces the rear of the buildinfg in big white letters that have fadef over time. The sign is paintedf over the red brick facad and must be preserved because the property was built in 1898 and is in ahistoricc district.
Financing small projects can be just as trickyu as the large Even though the owners were armed with a feasibilith study showing the potential for they weren’t able to get a bank loan becausre the real estate market had “Nobody wanted to finance this said Mike Hannah, a tax attorney and certifieds public accountant. “One lender wantexd us to put inanothedr $500,000 first.” Hannah and his partnersa ultimately got $1 million in private financing from sourcex in the Boston area. The interest-only construction loan enablef them to buy materials and hire contractors to starrthe renovations.
The apartments are located in a part of the city that coule see big changes in years to come if a proposed convention centef evergets built. Plans call for the center to be locate on the parking lots behind the row of buildings that includesa370 Broadway. The decrepi Trailways bus station next to 370 Broadwayu would be demolished to make way for a pedestriahn plaza leading to the convention Hannah and hispartners aren’t counting on the convention centefr to make the apartments a There have been many delays in the convention cente planning and, as of now, no commitmeng from Gov. David Paterson to fund the entirde $230 million project.
“I stopped even thinking abour it,” said Hannah, who owns the building with his wife, Micheled Hannah, and another couple, Brendas Gould and Perry Gould. The Hannah s used to run a commercial print shop on the firsyt floor but sold it four years ago when business The Goulds became part owners of the propert infall 2006. The partners are convinced there will be strong demand for the apartments from youn professionals and empty nesters who want to live Those are the same demographic groups that othere developers havebeen targeting, though the touggh financing climate has stalled or killed two large, high-profilre downtown developments over the past Plans for the 125-unit , a luxuryy condominium tower on north Broadway have been shelved, although says it hasn’ty given up.
Nearby, plans for an upscale 175-unir apartment building and 125-rookm hotel are on hold while the land owner triex to sell thedevelopment Small-scale residential projects are less profitable, but they are also more Over the past five or six years, there have been severapl conversions of upper-floor buildings into apartmentsw within the boundaries of the Downtown Businessz Improvement District.

Surge Product Line Revs Up Modeling Performance, Breaks Speed - Water Online (press release)

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Surge Product Line Revs Up Modeling Performance, Breaks Speed Water Online (press release) Innovyze, a leading global innovator of wet infrastructure modeling and simulation software and technologies, recently announced the newest release of its industry-leading Surge product line. Innovyze Surge products give users the power to optimize ... and more »