Tuesday, November 29, 2011
Dan Majetich Executive Profile
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Sunday, November 27, 2011
Gates Foundation, MDC give $1M grant - Philadelphia Business Journal:
Valencia will get $743,00 0 over three years to create a centralizedsremedial program, used across four It plans to align high school, remedial and college-level expand its remedial learning communities, and ember reading skills into remedial math The grants, announced June 22, will support remediao programs developed by Valencia througjh Achieving the Dream: Communityy Colleges Count, a multiyear national initiative aimed at increasinyg college graduation rates among disadvantagedd students. The state will get also get $300,000 over threer years to collaboratewith K-12 to reduce the need for remediao education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies accelerating the remedialeducation programs. The Florida grants are part ofa $16.54 million effort to improve remedial education at community colleges in five states, reaching about 45,00p0 students nationwide. Four states and 14 other collegesw received similar Gates grants for their Achievinvg theDream program. Each community colleges will receive $743,000 over thres years to expandits programs. Lumina Foundation for Education has alsocommitted $1.5 million to this initiative for evaluation and communications.
About 375,000 Florida degree-seeking studentw annually attend a localcmmunityt college, with nearly 40 percent of them taking remedial classes to build basix academic skills. National studies have shown nearlyh two-thirds of those taking remedial classesneverf graduate, but successful programs at several colleges demonstrate thesd numbers can be
Friday, November 25, 2011
Silicon Valley Community Foundation picks key grantmaking areas - Silicon Valley / San Jose Business Journal:
, as the merged entitg is called, has settled on five key areas that will be the focux of its discretionary which will totalbetween $8 million and $10 milliomn this fiscal year. “Quality takes time, and I feel good about where we saidEmmett Carson, CEO and presidentf of the Silicon Valley Community Foundation. Determininh these funding areas has been a majorr undertakingof Carson’s and the organization sincse the merger became official in Januarg 2007. Economic security, specifically towardd foreclosureprevention counseling, asset building and financial education.
Immigranrt integration, to help immigrants fully participate in theier communities and thus improve theireconomic status. Community opportunity which will help meet basic service needsw in these times of increased demand and shrinkingggovernment funding. A $1 million fund will be paid out by the end of 2008 to supporg such basic services as foodand Education, and in particular closing the middle school achievemenft gap in math betwee n low-income or students of color from middls class and white students so that all are preparesd for college.
Regional planning, particularly in the areas of affordable transit-oriented development and access to green The first requests for proposals are beintgissued Wednesday. Until settling on thesed new funding areas, SVCF stuck to the grant guidelinea of eachparent organization, awarding $12.e3 million form its endowment fund betweenh January 2007 and July 2008. The endowmen t currently standsat $162 These five areas are the result of numerous communitt meetings of various sizes and input from hundredz of community leaders on nine issure areas that the community foundation considered.
As for areaw that the community foundationconsidered funding, but discarded, “Wer either felt like we didn’gt the resources or expertise on the issue, or it was biggerd than we as a region could figure Carson said. “For example, accessiblee health care. It’s big and it ought to be addressed, but we can’ t solve it as just San Mateo and SantzClara counties.” For the issues it couldn’t make a priorityy focus, the foundation hopes to leverages partnerships and to form special initiatives. As a the foundation will focus on programs rather thaninfrastructurde grants. It also will fund a quarterly “bestt new idea” program.
Carson hopes that the definede focus of the community foundation will excitde theexisting 1,500 donors and will inspire new ones to partnef with Silicon Valley Community Foundation. “Witjh the release of these guidelines, we’res devoting a lot more attention now to the externao work of making the community a betterd place and moving away from the internap work of the mechanics of the and that’s a good place to Carson said.
Wednesday, November 23, 2011
Ford sales climb to highest level since July - Denver Business Journal:
But sales were down 24.2 percenft compared with May 2008, when the companuy sold 213,238 units. For the firsf five months of 2009, Dearborn, Mich.-based Ford F) sold 620,303 units, compared with 981,150 unitxs during the same period a year a 36.8 percent decline. In a sign that buyers might be coming back to the luxurvehicle market, Ford’s Lincoln division reportedr that it sold 8,566 unitss in May, a 2.2 percent increase over May when it sold 8,365 units. Salezs of Ford Explorers, made at the Louisville Assembly Plant on FernVallehy Road, declined 34.6 percent, to 5,315 units from 8,122 units a year ago. Sales of the Mercuruy Mountaineer, also made at Louisville dropped 45.
2 percent, to 402 from 734 units a year Salesof F-Series pickup trucks, including Super Duty trucks made at the Kentucky Truck Plant on Chamberlain Lane, droppee 22.3 percent, to 33,381 units, from 42,973 units in May 2008. Salex of Ford Expedition SUVs, which begann production at Kentucky Truck Plantin April, declined 40 to 3,150 units from 5,252 unitxs a year earlier. Sales of the Lincolh Navigator, also made at Kentucky Truck Plant, droppecd 40.6 percent, to 790 units from 1,320 units a year earlier. Ford saw year-over-yearr gains in some of its car categories. The company sold 19,786 Fusion sedans in May, up 9.4 percent from the year-earlier period when it sold 18,088 units.
Lincoln sold 1,553 Town Cars in May, up 103.3 percenty from May 2008, when it sold 764 of the luxury vehicles. Ford’s Volvo division sold 590 of itsS60 models, up 9 perceng from May 2008, when it sold 542 units. Also Tuesday, Ford announcexd a summer promotion to draw more consumerseto dealerships. Through June 30, the automaker will cover as much as three months of paymentds upto $2,100, and its Ford Credit subsidiaruy will offer zero percent financing on selecr Ford, Lincoln and Mercury vehicles.
Sunday, November 20, 2011
Gene Frenette: Blaine Gabbert's big moment flutters away - Florida Times-Union (blog)
Gene Frenette: Blaine Gabbert's big moment flutters away Florida Times-Union (blog) CLEVELAND รข" For a couple excruciating, hold-your-breath seconds, it appeared Blaine Gabbert was going to ride out of Browns Stadium a conquering hero. Things were shaping up for the Jaguars rookie to have his first fourth-quarter comeback win. ... |
Friday, November 18, 2011
Low guidance sinks NetApp shares - Silicon Valley / San Jose Business Journal:
Sunnyvale, Calif.-based NetApp (Nasdaq: NTAP), a data storage company that employes roughly 700 inthe Triangle, plane on boosting its salee force by hundreds of workers in the next few months. The move is importanr so that NetApp can pick upmarketg share, CEO Dan Warmenhoven told analysts in a late Wednesday conferencde call. But that move, alongh with tight economic will drive profit in the firsty fiscal quarter below the consensus expectation of analystw polled byThomson Financial. NetApp expects earnings per share, excluding one-time items, of between 20 and 23 cents in its first fiscal quarter on revenuebetween $845 milliojn and $875 million.
The Thomson analystsw expect earnings per share of 27 cents on salesof $871 In its fiscal fourth quarter, NetApp said, one-tim e items sapped earnings. NetApp recorded income of $90 or 26 cents per diluted sharew - the same profit as last Excluding items, the company would have had incomeof $131 or 38 cents a share, compared to $114 or 30 cents a The items-adjusted figure beat analysts' expectations by 2 but investors recoiled at the first quarte r guidance. Shares of NetApp were down 5.6 to $24.
35, in mid-morning trading NetApp's Research Triangle Park operatiobn focuses mostly on engineering anddata
Wednesday, November 16, 2011
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Boston Business Journal:
Netscape founder Marc Andreessen and his longtimesbusiness partner, Ben Horowitz, are forminy a new VC firm with a focus on Silicon Valley tech Andreessen writes that the firm will back companiesd with strong technical founders who want to be the CEOs of the companieds they’re founding. He wouldn’t rule out companiez outside Silicon Valley, but, “We do not think it is an accidenr that is inMountaih View, Facebook is in Palo Alto, and Twitte is in San Francisco. We also think that venturr capital is a high touch activity that lendxs itself togeographic proximity, and our only office will be in Silicojn Valley,” Andreessen writes on his .
The new firm comes at a time when some are sayin g the industry needs to not grow. But Andreessen and Horowitz founds $300 million from mostly institutional investore for theirfirst fund. The Andreesen-Horowitz, will invest aggressively in seed-stagd startups in the hundreds of thusands of but will also invest in later staged funding rounds for promising growth Consumer internet, cloud computing for mobile software and services, and software-powered consumer electronics are amonvg the areas that will draw investments from the new “Across all of these we are completely unafraid of all of the new business Andreessen writes.
“We believe that many vibrantt new forms of information technology are expressinbg themselves into markets in entirely new And Andreessen was equally emphatic about where hisfirm wouldn’t be . "Wed are almost certainly not an appropriate investord for any of thefollowing domains: 'clean,' energy, transportation, life sciences (biotech, drug design, medicak devices), nanotech, movie production companies, consumefr retail, electric cars, rocket space elevators. We do not have the first clue aboutt any ofthese fields." Andreessen-Horowitzs will have the capacity to invest anywherr from $50,000 to $50 millioj in new companies.
He said that at least initiallyh he and Horowitz would be the only two general partnere inthe company, and they would be selectived about the portfolio companies whosw boards they join – generally limiting that levepl of involvement to firms in whicbh Andreessen-Horowitz have a $5 million or more stake. Andreessej believes his and Horowitz’s records as entrepreneuras will make them idealventure capitalists.
“Wd have built companies, from scratch, to high scale -- thousands of employeee and hundreds of milliones of dollars of annual In short, we have done it And we are building our firm to be the firm we wouldf want to work with as entrepreneur s ourselves,” Andreessen writes. Andreessen founded the pioneerinhg web browsercompany , which was latedr sold to . Since he and Horowitz launched , a tech servicr provider sold toin 2007. Netscape and Opsware sold for acombinef $11.7 billion.
The two have been actives investors in the tech spacesince They’ve angel invested in 45 tech startups in the last five and Andreessen serves as chairman of Ning, and on the boardzs of Facebook and eBay. Word that the pair would be forminbg their own venture capital firm was brokem on the Charlie Rose show in But details came on The pair had initially planned onraisinb $250 million for the fund, but investore interest prompted them to boosg the amount, BusinessWeek . The news magazinre reports thatReid Hoffman, founder of social networking site is among the investors in the which raised most of its monet from institutional investors.
Andreessen-Horowitz launches at a toughn time for the venturecapital industry, one in whicnh some are saying the industry needs to shrink, not grow. Ventured capital, like the rest of the financiapl industry, has been hit hard by the economic Venture firms make money when their portfoliop companiesgo public, or are sold to larger But the IPO market has been anemiv in recent months, making profitable exits more difficuly to find. A recent argues that the industry needs to trim down toregaibn effectiveness. "The venture industry needxs to shrink its way to becoming an economic force once saidRobert E. Litan, vice president of Researcjh and Policy at theKauffman Foundation.
“To providde competitive returns, we expect venturs investing will be cut in half in coming At thesame time, lowering valuations and improvinbg overall exit multiples should help resuscitate the The Kauffman study finds that despite such high-profile succesws stories as Google and , ventur e firms have relatively little to do with most new companies. Only about 16 percent of the 900 companies onthe Inc. 500 list of fastesgt growing companiesfrom 1997-2007 had venture backing.
Monday, November 14, 2011
Ohio Stakeholders Convene at State Capitol to Showcase the Unprecedented Economic Power of Energy Efficiency
COLUMBUS, Ohio, June 2 /PRNewswire/ -- More than 20 organizations, includinf utilities, manufacturers, retailers, consume r and environmental advocates, and state agencies took to the West Plazsa of the Statehouseon Tuesday, united in their cause to highlight the economic and environmental benefits of energy efficiencuy and renewables, and to make the case for more stringenft energy codes for Ohio buildings. The 2009 Ohio Energyh Expo, hosted by the Midwest Energ EfficiencyAlliance (MEEA), featured expert speakers, informativwe exhibits and demonstrations, and a barbequd lunch on the Capitol lawn.
The attended by more than 200 regulators, staff, consumers, environmentao advocates and business people, was sponsored by Columbiza Gas of Ohio and TheEnergy Foundation. In her openingh remarks, MEEA Executive Director, , acknowledged the greaf diversity amongExpo participants. "The broad cross-sectioh of stakeholders represented here today underscores the unprecedented opportunities and benefit s to allof Ohio's economg from gains in energyu efficiency. Ohio is in the early phase of implementingg one of the strongest Energy Efficiency Portfolio Standards in the Midwesr and funding has neverbeen stronger.
" Jaehn went on to note that more than $1 billiojn will be spent in Ohio on efficiency gains over the next five creating more than 6,000 new jobs. The projected boon in spending is due in larg e part tothe state's recent adoption of an Energy Efficiencyu Portfolio Standard (EEPS), which requires that energy providers meet a specific portion of their electricit demand through energy efficiency measures. Efficiency proponentes see enormous potential in improving the energy efficiencyof Ohio's State Representative, , who serves on the House Alternative Energyt Committee, is sponsoring legislation (House Bill 7) to increasee energy efficiency in publicc building projects.
"I am proud of the legislation that Representative and Iare sponsoring," Pillich told Energy Expo participants. "Conserving energy will not only protect the but it will also spureconomicd development. This legislation will be a catalyst for the greenh building and technology industries righft herein Ohio. It's a move toward the future."" Where efficiency proponents have not yet beensuccessfuo - and where hundreds millions of dollars lie in the balance - is in effectingv the passage of a statewide energy code for Ohio'w residential buildings based on the latesyt U.S. model energy code, the 2009 International Energy ConservatiomnCode (IECC 2009).
Experts project that adoptintg IECC 2009 would save Ohio consumers an averageof $221 a year on their energy providing a statewide cumulative savings of $98 milliom by 2020 and $186 million by 2030. some $96 million in Americanm Reinvestment and Recovery Act funding is contingent upon Ohio certifying tothe U.S. Department of Energhy that the state intends to adopt IECC 2009 or its Adoption of a statewidwe code has been stalled by homebuildersa and other specialinterest groups. By saving money for consumersa and businesses and stimulatingjob growth, more stringentt building energy codes also support local economiesa by providing people with more purchasintg power.
"Greener buildings and energy efficiency will help oureconomy recover," notex Energy Expo speaker, , Program Director, Environment Ohio. The enormousx potential for efficiency gains in Ohio is drivenn by the sheer volume of energy consumed inthe "Ohio is among the largest users of electricity in the Unitexd States. Efficiency is a critical part of providing reliable and affordable energy toall consumers," noted Expo panelistr , Governor's Energy Advisor and Executive Director, Ohio Air Qualityh Development Authority. Only a handfuk of U.S. states consume more energy than Ohio.
While the Expo panelistx also support the use of they stressed the immediatr benefits of and growing interest inenergy "Energy Efficiency is the least cost optionh and best opportunity for consumer savings," said , Ohio Consumer'sw Counsel. "The business and manufacturing communitiea are ready to use technolog to reduce energy consumption and advancesjob creation," added , Ohio Chemistry Technology Council. Expo , Conservation Program Coordinator, , summed things up quitw succinctly: "Energy Efficiency is good for Ohio consumers, jobs and the environment.
" Columbia Gas of Ohio Daylightedr Solar Roof Lighting Doty and Miller Architectsa Energy Management Systems Energy Systems Grouop Environment Ohio Go Sustainable Energy GrabhillHeating & Plumbingg Green Energy Ohio Green Source Productd Midwest Energy Efficiency Alliance MiraCit Development Corporation Office of the Ohio Consumers' Counsel Ohio Departmenty of Development OM Consulting, LLC Public Utilitiezs Commission of Ohio Rexorce Sierrq Club Ohio Chapter University Clean Energy Alliance of Ohio WaterFurnacd International Watt Works, Inc.
The Midwest Energ Efficiency Alliance ( ) is a collaborative network advancinbg energy efficiency in the Midwest to support sustainable economic development andenvironmentaol preservation. MEEA promotes the markef transformation of energyefficiency technologies, processes and best practices within a 13-statw area, through policy program design and facilitation and pilotinb of energy technologies. MEEA bridges the gap between policy adoptiom andprogram implementation. Energy efficiency is the critical first step in meetingour nation'w myriad energy challenges due to low entry proven and emerging technologies, ease of fast return on investment and measurabls results.
Through our diverse networkl of members andregional allies, MEEA possesses the practicalk experience and informed vision to effect positivs change today by supporting the region's stakeholderx to achieve their efficiency goals for the future.
Saturday, November 12, 2011
A state swimming: A year makes a difference for Tampa Prep's Skjaerpe - Tampabay.com (blog)
Bay News 9 | A state swimming: A year makes a difference for Tampa Prep's Skjaerpe Tampabay.com (blog) Seniors Rebecca Werdine and Emma Siewert both finished fifth in their events, the 100 free (52.27) and 100 fly (57.16), respectively. The Terrapins' girls 200 free relay team of Werdine, Siewert, Savannah Savitt and Carylyn Waite finishe d third with an ... Skjaerpe blazes at state meet |
Thursday, November 10, 2011
RealtyTrac: May foreclosures down in Ohio - St. Louis Business Journal:
Data released Thursday by Irvine, Calif.-based , which compiles and sellzs foreclosure information, shows Ohio logged 11,360 auction and bank-repossession filings in May, whicuh comes out to one filing for every446 Ohio’s rate, as in April, was the 10th-highestg in the nation, but the number of filingw dropped 8 percent from the month before and 13 percen t from a year ago. Ohio was one of 18 states to seea year-over-yearf drop in foreclosures, according to the The national tide of foreclosures, by fell 6 percent from April but jumpe 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filinhg for every 398 properties.
RealtyTrac isn’t putting much stockj in the month-over-month decrease in national foreclosure The total offilings – 321,480 – marks the third consecutives month that the 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releasew that while pre-foreclosure and auction filings slipped comparexd with April, bank repossessions are up on jumps in several states. The companty said it expects bank repossessions to increase in the coming monthw as foreclosure delays and moratoria expiree invarious states.
Monday, November 7, 2011
High-profile beauty school coming to downtown Schenectady - Dallas Business Journal:
Paul Mitchell The School will set up shop on two floors of 411State St., a buildingv that has been a source of frustratiohn for city boosters for several yeare because of the long-delayed plans to open the restaurantt and bar there. Now, insteadx of drinking beers on tap, the basement and first floo will be a place for studentw to learn the finer points of styling andcoloring hair, doinfg skin treatments, giving manicures and learning how to run a The building will also house a retail stored selling Paul Mitchell beauty products and services. Paul Mitchello Products are well-known in the with sales approaching $900 million. The products are sold in more than 100,000 beauty salons.
The school, which will be the first for Paul Mitchell upstate and one of 107 is expected to openin January. It will be ownedx by Giulio Veglio, a 46-year-old Italian immigrant who grew up in Veglio owns nine other Paul Mitchelpl schools acrossthe country. Duriny his career he has workeds with some of the giants in the includingVidal Sassoon, Jean Michelle and L’Oreal. “Ww decided to bring the and ofbeauty schools” to an excited Veglio told severap dozen people gathered at the at Proctor s this morning for the announcement. All the school will occupy nearly 20,0009 square feet, employ 50 peoplw and draw more than 200 students and customers according tothe .
The investmenft totals $2 million. The plans close the book on the saga of the Big which was announced with great fanfare by Metroplex and city officiald more than fouryears ago. The project was hampered by numerouds construction delays andcost overruns. Attorney Stephe n Waite ultimately moved his law office to the top floort ofthe building, but never opened his long-promisex restaurant and bar. He couldn’t be reached for comment. The which is financed by county sales spent $250,000 to renovate the facade of 411 Stater St.
and $100,000 to remove asbesto in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestments today, sayinv they were vital to turn arounds a dilapidated building in the heart of “We had to fix this building,” Gillemn said. “It was a horrible The property was on the verge of being foreclosed upon when the mortgagw was bought in early July bythe , said Davicd Buicko, chief operating officer.
Buicko declined to reveal the purchase The Galesi Group is assuminga $1 milliomn loan that had been arranged for the Big The purchase by Galesi Group adds to its already large portfolio in The real estate development companyg now controls every building acrossd from Proctors on State Street between Jay Street and Broadway. “We steppeed up because that’s the only portion of the blockwe hadn’t owned,” Buicko said. Paul Mitchello The School signeda 15-year leas with renewal options. The Metroplex will provide a $311,400 grantr and $250,000 loan at 5 percenty interest. The agency said it will recoul the money from increased usage of downtowhnparking lots.
Paul Mitchell schools have been a trendsettefr inthe industry, said Joe Tullio, who owns hair salonsx at Crossgates Mall and Rotterdam Square Mall that aren’r affiliated with the brand. Tulliok was a mentor to Veglio when he was startinb out inthe business. “They’r on the edge,” Tullio said. “Thet do modern things.”
Saturday, November 5, 2011
Hawker announces furloughs, building closures - Houston Business Journal:
In a letter to all Vice President of Humann Resources Rich Jiwanlal said the movew are partthe company’s ongoing effort to “resizs our company to match the continuiny declines in consumer demand.” One of the measures will be furloughw which will include both produc t line and plant specific The dates for the furloughs will be June 29-Julyy 2, Nov. 23-25 and Dec. 21-24. The lette informs employees that if vacation or earnec time off is not available to cover these days then the furloughs will be Hawker will also be relocatingits engineering, finance and supply-chain teamx back onto the company’s primary headquarters.
This will allowa it to close twobuildings “off-campus,” the letteer states. There was no announcement regardingf anyfurther layoffs. The company declinesd to give any more information atthis time.
Thursday, November 3, 2011
Yahoo! confirms WNY site - Denver Business Journal:
Yahoo!, Tuesday morning, confirmed it will be buildingvthe 190,000-square-foot center that couldd employ, initially, 125 people. Yahoo! has pegged a 30-acrw site in the park for the complex. Yahoo!’es decision is considered a major especially against a backdrop of a weakenedf economy where unemployment has increased in past year in Erie Count yto 8.1 percent from 5.5 percentf and in Niagara County to 9.3 percen t from 6.6 percent. “This is a big win for the saidTom Kucharski, president and chief executiver officer. “We won the Yahoo! was being courted by several statesincluding Ohio, Pennsylvania and Illinoias for the center.
All offereed a handsome array of “When a high tech company like Yahoo! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charlesa Schumer, New York’s senior who played a key role in Lockport landingh thedata center. The region craftee its own aggressive incentive package includint the offering 15 megawattsof low-cost hydropowerr that could save Yahoo! an estimated $100 milliohn over a 15-year period. also offered job training grantes andother incentives. High level pitchea also came from Gov. Davird Paterson and Schumer.
Schumer made personal calls to Yahoo CEO Carol Bartz to push the Kucharski said it also helped that the regionm offereda half-dozen sites and not just a singular location. It also helped that a friendship quickly developed betweenhthe Yahoo! site selection team and the locapl economic development community. “We developed a nice relationshio with them and that helped make this Kucharski said. “They were impressed that every timethey called, we coulcd assemble our team on a very shor t notice and give them the answerzs they wanted.” Construction on the data center will begim in August, said David Dibble, Yahoo! senior vice president. The center will be open by May.
Kucharskii said there is a myriadx positives that will comefrom Yahoo!’s decision. The BNE will use it in its outreacgh to other companies itis courting, he “It confirms our ability to attract high tech and high profil e companies,” Kucharski said. “To get a name compang like Yahoo! says a lot to the rest of the industriesout Yahoo! joins the ranks of , that have either opened or expandeed back office operations in the region in recent “You add it into the mix of the some of the othert companies we’ve landed and it becomes a very impressiv list,” Kucharski said.
Tuesday, November 1, 2011
90 Million Meter Cubic Of Cold Lava Threatens From Indonesia's Mount Merapi - Bernama
90 Million Meter Cubic Of Cold Lava Threatens From Indonesia's Mount Merapi Bernama JAKARTA, Nov 1 (Bernama) -- As much as 90 million meter cubic of cold lava is threatening Indonesians who live around Mount Merapi in the border of Yogyakarta and Central Java province that was erupted in 2010, reports Xinhua news agency. ... 90 mln metre cubic of cold lava threatens from Indonesia's Mount Merapi |