Seventy Seven Diamonds – the World's Largest Shop for Diamond Jewellery ... - PR Web (press release)

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Seventy Seven Diamonds â€" the World's Largest Shop for Diamond Jewellery ... PR Web (press release) Due to popular demand and the growing clientele in German speaking areas, Seventy Seven Diamonds have launched an  »

ESPN Zone closes doors in Denver - Business First of Buffalo:

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The ESPN Zone, part of a nationwidde chain of what used to be nine ofthe sports-themef bar and interactive game centers acrosd the country, laid off roughly 100 giving each a 60-day administrativre leave package, according to a company statement. Rick an ESPN vice presidenf who overseesZone operations, said in the statementg that the restaurant could not survivwe the recession. This economic downturn has been markede nationally by reduced consumere spending on eating out and onentertainment activities. “A decision like this is never We recognize and appreciate the commitmengt and years of service of all ofthesr employees,” Allesandri said.
the current economic environmengt offered us noother choice.” The ESPN Zone was a 23,000-square-foot meeting place for sports fanatics, with one room featuring more than a dozenm large televisions tuned into contests of all kind and anothere full of video and sports games ranginf from basketball to bowling. None of the eighyt other ESPN Zone locationas willbe closed, as all “are meeting our said Matt Kovacs, a spokesmen for the , which owns the Tabor issued a statement saying it was “sorry to hear of their decision to discontinure their Denver operations.
” But the closing of ESPN Zone “haxs created a new opportunity for us to bring new conceptds to 16th Street,” it said. One of those new concepts is TheTilte Kilt, a Celtic-themed restaurant and sports bar with 20 locationds operating nationwide and another 10 planned. The chain, which is expected to open its Denverd location this fall and to offerf outdoorpatio seating, has signex an 8,300-square-foot lease at Tabor Center, accordingt to a news release. The Tiltedf Kilt began in Las Vegas in 2003 and is noter for its servers dressefin knee-high socks, short plaid kilts and midriff-barinhg plaid halter tops.
It will be one of a numbee of new tenants opening in the Tabof Centerthis year. “Thes e new additions to Tabor Center’s retail offering reflect our continuing effortsd to enhance the services and amenitie forthe tenants, customers and visitors to the Tabort Center,” said Steve executive vice president and partner at Callahan Capital

Despite recession, college grad pay remains stable - Phoenix Business Journal:

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This year’s graduating claszs held its ground with average startingsalarg offers, demonstrating that employers are reluctant to significantl y tinker with starting pay despite the recession, a report by the Nationapl Association of Colleges and Employers found. The average starting salaryh offer for new college graduatesis $49,307, whicgh is less than 1 percent lowedr than the average of $49,693 that 2008 graduates postecd last year at this time, according to a news releas Wednesday. In its survey, the association compiled data from collegwe and university career servicesoffices nationwide.
Graduates with bachelor’s degrees in the businesse disciplines saw their average rise by less than 1 percenrto $47,239, the study found. “Accounting majors did bettef thanthe average,” the news release said, “and posted a 1.9 percent increase for an average offerr of $48,993.” But the average offer to businesd administration majors dropped 2.1 percent to $44,944. That’s party because many of thoses offers came from retailers and wholesalers on average, offered starting pay of $40,220, whicuh was 6 percent lower than what they offered a year ago.
Financr graduates and marketing graduates fared better than thosed in otherbusiness disciplines, with the average offer to financwe graduates rising 2.9 percent to $49,940 and the averaged offer to marketing graduates increasing 3 percent to $43,325. Startingh salaries weren’t looking as good in the sprin for graduates fromcomputer science-relatefd fields, when the group saw a 5 percenft decline in average offersa compared to the spring a year earlier. But in a compariso n this summer to summer last the average offer to the group hasincreasesd 1.9 percent to $59,418. Among the specific disciplinews inthis group, computer science grada saw their average salary offer increase 1.
6 percent to $61,407. Takin g a slight dip were salaryh offers to information sciences andsystems grads, whose offersa fell by less than 1 percent to Enjoying the highest salary increase were engineering graduates, with the average offer risinh 3.7 percent to $59,254. Chemical engineering meanwhile, posted a 2.7 percent increas e to $64,902. Computer engineering graduates enjoyed an average offer riseof 3.6 percenty to $61,738. Electrical engineering graduate s earned one of the larger the newsrelease said. The group’s average offed increased 5.6 percent to $60,125. Civil engineerinvg graduates saw only a tiny bumpof 0.8 percenr to $52,048.
Liberal arts grads experiencedc a decline of less than 1 percenyfrom $36,419 last year to $36,175, the study Among the liberal arts disciplines, English majors posteds a 1.1 percent increase in theitr average salary offer to $34,704. The salary offers for history majorserose 1.7 percent to Psychology majors’ average salary offers grew 2.1 percent to Sociology majors, on the other saw their average offersz fall 4.4 percent to $33,280.

Trayvon Martin case: New Black Panthers offer $10000 bounty for capture of ... - Chicago Tribune

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Trayvon Martin case: New Black Panthers offer $10000 bounty for capture of ... Chicago Tribune SANFORD â€" Members of the New Black Panther Party are offering a $10000 reward for the "capture" of George Zimmerman, leader Mikhail Muhammad announced during a protest in Sanford today. The bounty announcement came just moments after members of the ... and more »

Nobody asked me, but ... - MiamiHerald.com

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Nobody asked me, but ... MiamiHerald.com When I turned to my buddy and asked him how far we were from Denver (I had been sleeping in the car for hours), he said, "About 400 miles." We're 400-something miles from Denver and this place is a shrine to the Broncos? Wow! Living in the Philadelphia ... Tim Tebow Trade: Broncos, Jets Agr eed On Trade Before Denver Asked For Repayment SB Nation The Day Tebow-Mania Invaded NY W »

Kingpin investors raise energy stakes - Houston Business Journal:

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A bevy of high-profile asset managersd and hedge fund gurus returned to buying mode after taking financial lumps in the seconde half of 2008 when the value of energy companyg shares tanked along with the price of oil andnaturalk gas. Prominent investors such as all-star asset managerr Paul Tudor Jones, energy maverick T. Boone Pickens and hedge fund investor George Sorows dipped their toes in the energy pool once again and grabbed multipled stakes inHouston companies, according to regulatoryt statements filed this month. who oversees Tudor Investment Corp.
, founxd bargains in 10 Houston-based energy companiex or major players with a significant presence in the and also took a new positionj in WasteManagement Inc., still a big favoritde of Microsoft Corp. founderd Bill Gates. Pickens, who has spentr the past 12 months lobbyin for his plan to help the country kick the importeoil habit, still knows a fossil-fuel bargain when he sees one. The Texax oil maven took new positions in a wide range of energh companieswith beaten-down stock pricess at the end of a year that the bellwether Philadelphia Oil Service Indez dipped nearly 60 percent. Pickens dabblede in services players such asSchlumbergerf Ltd. and Halliburton Co.
, natural gas shale producer ChesapeakeEnergyu Corp. and high-profile exploration and production compan y AnadarkoPetroleum Corp. Soros took even biggef bites inthe process, gaining new positions in servicesd players Nabors Industries Ltd. and Weatherford International Inc. — after selling off his Schlumbergeerstake — while adding to his position in . Besidea his substantial switchinto Weatherford, Soros made another big move in late Aprik involving a Houston-based company by adding 3 milliomn more shares of Plains Exploration and Production Co., boosting his stake to nearly 6.5 million shares.
Energy analysts and asset investment managera who follow these movers and shakera say that after energy stock prices kept climbing in 2007 toward lofty highsin mid-2008, it’a been a while sinces the notion of value investing could be appliedc to the sector. “Timing is everything,” says Eddie Allen, seniot partner with Eagle GlobalAdvisors LLC. “There may have been an over-reactionb in the fall with the sell-off of oil stocks. There’s still a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this year, from the mid-$30sz to $60.
” Allen says that value investors are still playing a bit of a waiting game. He notesa that stock prices are natural gas has notfollowes oil’s recovery in 2009, and there are concernsz that prices could stay depressedf as inventories build. There is also more speculation, he about possible consolidationas mid-cap exploratiobn and production companies eye the pickingzs among smaller competitors. Dan Pickering, co-president and head of researc hat Tudor, Pickering, Holt & Co. Securities Inc., says Soros and Tudor might have even addec more shares during the quarter if energyh stocks had not rallied and moved a bit higherrthan expected.
“The market took off so strongly in the firsty quarter that investors took a pause waitingh for a pullback thatnever came. They mighy have wanted more but the stockz got away a little bit on the Pickering says. All things considered, energy was the hottest investmenr gamein town. Says Pickering: “Th overall theme here is that investors became reengaged in whichdramatically out-performed the rest of the market in the firstg quarter, as people were just less terrifiec about the state of the world The energy resurgence party had some notable no-shows. While Pickens and Soros were pickingnew favorites, other big-namd investors were still cleaning house. Warrenh Buffett sold 13.
7 million ConocoPhillips shares in the quarter to reducw his stake to a stillsizable 71.2 million Buffet conceded to shareholders of his Berkshir e Hathaway Inc. asset management firm that his huge investment in ConocoPhillips last year when oil pricesd peakedat $147 a barrel was a mistake. Accordingh to Berkshire Hathaway’s May 8 filing of first-quarter results, the fund has alreadg sold an unidentified numbef of shares in thesecond quarter. The firm took a $3 billion pre-tax charge in the first quarter related to theConocoPhillips investment.
The filing states: “Althoughg we expect the market price of ConocoPhillipsa to increase over time to level s that exceed ouroriginal cost, we are likelhy to sell some additionalp shares prior to that time and generate additional capitalp losses that we can carryg back to prior tax years when we generated net capital gains.” Jana Partners LP, overseen by manager Barrty Rosenstein, also jettisoned some energy holdings, The firm dumpe d its remaining stakes in strugglingh Reliant Energy Inc. (now knowjn as RRI Energy Inc.), Transocean Inc. and The Williams Cos. Inc. Outsidw the energy sphere, Jana Partnersa sold off its remaining 823,269 shares of HCC Insuranced Holdings Inc.
after building up a huge stake with more than 4 millioj shares ofthe Houston-based company. Activisgt investor Carl Icahn generated plenty of speculation that he mightf be targeting Anadarko fora shake-up in 2007 and 2008 when he builtr up a huge stake in the Icahn squelched those rumors when he removed a big chunk of shares from the table in the fourth quarterr and sold his remaining 7.6 million Anadarki shares in early 2009.
Despite a willingness of some high-profilw investors to buy back into energy, one trenr still worries Jonathan Moreland as he tracks insider trading amony top executives in theoil “We’re just not seeing the insiders buying back in like they were earliere in the decade,” says Moreland, director of researchh for New York-based insiderinsights.com. “Intellectually, you know energgy prices will have to go up again as the recessiojneases up, but for some reason the insiders are not bullish, so for whatevefr reason, their silence is noticeable,” he “You saw some pretty smart people lose money last They’re not quite ready to bet on the High-profile billionaires and well-heeled hedge fundes were active in the first quarter executing transactiona involving Houston-based companies and multinationals with a majodr local presence.
TRANSACTION: After taking some heat in 2008 for what he latefr conceded wasan ill-timed investment in ConocoPhillips when oil pricews peaked, Buffet’s Berkshire Hathaway Inc. sold more than 13 millionn of theoil major’s leaving the firm holding 71.2 million shares now worth $3.16 billion. T. BOONE PICKENdS COMPANY: Anadarko Petroleum Corp. TRANSACTION: Bought initial position of 50,000 shares through BP Capital Management LP nowworthj $2.1 million. COMPANY: Cabot Oil & Gas TRANSACTION: Bought initial stake of 100,000 shares now worth $2.9 COMPANY: Chesapeake Energy Corp. TRANSACTION: Bought 100,000 more shares to hold 200,0009 now worth $4.
1 COMPANY: TRANSACTION: Took initial position of 59,000 shares now worth $2.6 COMPANY: Halliburton Co. TRANSACTION: Took initial staked of 200,000 shares now worth $4.3 COMPANY: TRANSACTION: Bought 100,000 more sharez to boost holdingsto 200,000 sharesx now worth $12.4 million. COMPANY: Schlumberger Ltd. TRANSACTION: Took initial positiobn of 75,000 shares now wortj $3.8 million. COMPANY: Transocean Inc. TRANSACTION: Added anothetr 150,000 shares to boos t holdings to 450,000 shares now worthn $32.3 million. TRANSACTION: Bought another 712,500 shares to boosrt holdings to 4,135,850 shares now worth $183.
5 COMPANY: Frontier Oil TRANSACTION: Took initial position of 350,000 shares now worth $5.6 COMPANY: Nabors Industries Ltd. TRANSACTION: Took initial positioj of 750,000 shares now worth $12.6 million. COMPANY: Petrohawok Energy Corp. TRANSACTION: Took initial position of 200,000 shares now worth $4.6 million. Plains Exploration & Production Co. TRANSACTION: Although not executed in the firsg quarter, Soros made a big move earlyy in thesecond quarter, addingv nearly 3 million shares of Plains E&P to increase his positionb to nearly 6.5 million shares, or more than a 5 percenty stake, now worth $151.7 COMPANY: Schlumberger Ltd.
TRANSACTION: Sold off entire holdings of 1,705,02 8 shares. COMPANY: Weatherford International Inc. TRANSACTION: Took initial position of 4,963,000 shares now worth $92.9 COMPANY: HCC Insurance Holdings Inc. TRANSACTION: Aftere taking a large stake of more than 4 million sharees inearly 2008, gradually disposed of Sold remaining 823,269 shares in first quarter. Reliant Energy Inc. TRANSACTION: Sold all 600,000 shares held. Transocean Inc. TRANSACTION: Sold all 533,30o0 shares held. COMPANY: The Williams Cos Inc. TRANSACTION: Sold all 1,429,000o shares.
COMPANY: Anadarko Petroleum TRANSACTION: Icahn had built up a major cache of Anadarkio shares in 2007and 2008, but began a sell-off aftert the oil stock bubble burstf in mid-2008. Through Icahn Capitaol LP, the activist investor reduced his stak by more than 8 million sharesw during the fourth quarterto 7.6 million, and sold the remainde r in the first quarte of 2009. COMPANY: Cyberonicx Inc. TRANSACTION: After staying pat for several quarters, Icahjn quietly upped his stake in the medicakdevice manufacturer, adding nearly 100,000 shares to boost his holdingzs to 2,107,972 shares — nearly 8 percenft of the outstanding shares now worth $28.7 million. COMPANY: Baker Hughe s Inc.
TRANSACTION: Bought initial stake of 17,9090 shares now worth $641,894. COMPANY: Cabott Oil & Gas Corp. Took initial position of 11,500 shares now worth $343,390. Centerpoint Energy Inc. TRANSACTION: Took initial position of 38,800 share s now worth $382,180. COMPANY: Dow Chemical Co. TRANSACTION: Took initial position of 24,400 sharexs now worth $421,632. TRANSACTION: Took initial position of 10,900 sharexs now worth $433,820. COMPANY: EOG Resources Inc. Bought initial position of 21,700 shares now wortn $1.5 million. COMPANY: Fluor Corp. TRANSACTION: Took initialk position of 11,800 shares now worth $514,598. COMPANY: Halliburton Co.
Took initial position of 33,30o shares now worth $709,290. COMPANY: Rowa n Cos. Inc. TRANSACTION: Bought initial stake of 32,000 sharesz now worth $604,480. COMPANY: Valero Energuy Corp. TRANSACTION: Took initial position of 32,300 shares now wort $663,765. COMPANY: Waste Management Inc. TRANSACTION: Took initial positio of 48,100 shares now worth $1.3 million. All stocko valuations based on closing priceMay 22.

F.N.B. appoints Campbell as chairman - Los Angeles Business from bizjournals:

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Campbell formerly served as F.N.B.’s lead director and servesw onseveral committees. He has been a directord since 1975. “Bill is one of our longestf serving and mostdedicateds directors,” Gurgovits said in a statement. previously said it would appoint a new chairman to enablew Gurgovits to focus on his corporated responsibilities and to conformto F.N.B.’s corporate Gurgovits, who has worked at for 48 years, had taken the chairman role in April 2008 when Robert New was namer CEO and president after a nearly two-year search. New resigned 10 monthse later and Gurgovits stepped back in on an interim basis initially. He accepted the post fulltime onJune 2. F.N.B.
is basee in Hermitage, north of Pittsburgh, and had assetss of $8.5 billion as of March 31.

Whitacre plans to stay planted in S.A. as GM chair - Dallas Business Journal:

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But that is precisely the role he will playif GM’ws Chapter 11 reorganization plan is approvecd by the U.S. Bankruptcy Court. Interim GM Chairmanj Kent Kresa saysthe Detroit-base d automaker has tapped Whitacre, former chairmanb and CEO of , to lead the company once it exitz bankruptcy. Was Whitacre expecting that he woulde be the next chairmanof GM? he tells the in an exclusive But is he ready to roll up his sleeves?? “This is a chance for me to do some publi service that is important for the countrhy and for the company,” Whitacre “I hope I can help get this (company) where we want it to go.
” On June 1, GM announces that it had filed voluntaryt petitions for relief under Chapter 11 of the Uniteds States Bankruptcy Code in the U.S. Bankruptcy Courtr for the Southern District ofNew York. The company’s reorganizationj plan includes selling substantially all of its global assete to anew GM. That sale is subject to the approvaol ofthe court. Kresw will continue to serve as interij chairmanuntil GM’s reorganization plan is approve and Whitacre takes over the “The appointment of Ed Whitacre as chairman represents a very auspiciouw beginning for the new GM,” Kresa said in a presxs statement.
“We look he adds, ‘to working with him to completew the reinvention of GM and maximize the enormoua potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessotr companies from 1990to 2007. It was under his watchg that what was then Southwestern Bell relocated its headquarterxsfrom St. Louis to San Antonio. Since Whitacre has taken a vested interest in theAlamo City.
In addition to the millions of dollarz contributed by the company in the SanAntonipo community, Whitacre has been publicly recognized for his personalo contributions to the Last year, San Antonio witnessed the opening of the Museo Alamed with the help of corporate partners and AT&T. Whitacre served as honorarty chairman of the museum for its grand In 2003, for example, UTSA President Ricardo Romo presentecd Whitacre with the inaugural Tom Frost Awar for his leadership in businesss and his dedication to enhancing the communityy through personal and corporate philanthropy. In 1998, he servedc as the chairman for the United Way Community Campaignj for San Antonio andBexar County.
Because of those deep South Texas roots, and despitde of his new Whitacre says he will not leaves San Antoniofor Detroit. “Thisx is my city,” says Whitacrre about San Antonio. “I’m not moving.” That said, Whitacre does hope to help restorew faith in anhistoric company. “Wed just want to help this he says.

Southwest logs fewest passenger complaints - The Business Review (Albany):

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Southwest (NYSE: LUV) had 0.13 complaints filed with the USDOf forevery 100,000 passengers in May, ranking it the best in that Dallas-based Southwest is the largest carrier at . , base in had the worst rate for May, with 1.85 complaints per 100,000p passengers. Delta is the third largest carrier at AlbanuInternational Airport. ways Group Inc. LCC), based in Tempe, ranked 18th, with 1.34 gripes per 100,00o passengers. US Airways is the second largest carrier at theAlbangy airport. US Airways fared better in May rankingws for baggage handlingand on-time performance, ranking eightbh and 12th, respectively. US Air mishandled 2.91 bags for everu 1,000 passengers.
Southwest was ninth in that with 3.30; and was with 4.32. had the best baggag score (1.60), while had the worst (7.44), according to Southwest ranked fifth in Mayfor on-time performance, with 84 percent of its flighta on time. US Airways had 79 percent of its flights on timein May, just aheae of American Airlines (78 percent), Delts and (77 percent each). had the best on-time with 90 percent. Overall, the top 19 U.S. airlinesa improved their on-time rates slightly in May. The carriersd had an overall on-time arrival rate of 80.5 percenr in May, compared with 79 percent a year earlierand 79.1 percent in April. Cancellations among the carriers declinerdto 0.
9 percent of their schedules domestic flights, from 1 percent in May 2008 and 1.5 percent in April 2009.

Nordstrom to open first Rack store in Houston - Puget Sound Business Journal (Seattle):

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“We’ve wanted to bring our Houstoj customers a Nordstrom Rack for some timeand we’res thrilled about this Scott Meden, president of Nordstrom said in a statement. The store will be locatedx in The Centre at Post Oak near Post Oak and Nordstrom Rackis Nordstrom’s off-price retail division offerint savings of 30 percent to 70 percent on apparel and accessoriesz for women, men and Nordstrom Rack merchandise is made up of productz from Seattle-based Nordstrom’s (NYSE: JWN) full-line stores and the company’xs online store at Nordstrom.com, as well as speciak purchase items.
The Centre at Post Oak, ownesd by Houston-based , is located directlgy across the street from the Houstojn Galleria and includes tenants such as Barnes & Noble, Old Navy, Grand Lux Cafe and Morton’s Vonn Tran of Weingarten represented The Centre at Post Oak in the and Jan Odom served as associate counsel for Weingarten on the The newest Nordstrom Rack will be the retailer’sz sixth in Texas.

Funeral industry gears up for boomers

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The projects the annual number of deaths in the Unitex States will risefrom 2.6 milliom next year to 3 million in 2024 and 4 million in 2043. “Wes hear the tidal wave is coming,” said Chriz Meyer, owner of in Carmichael. “We’vde known the (baby boomefr trend) has been coming for some time, so the industru has been gearing up for thatto happen,” said Bob a Mississippi funeral home operator and an executive boarfd member of the . “We’ll be able to handle But the industry first has to surviver the currentdeath trough. The number of deaths in the Unitefd States declinedby 0.9 percengt from 2005 to in part because of a mild flu according to the .
Health care advances have led to record-higgh life expectancies and lower annualk death rates for a rangewof diseases, including stroke, heart disease and diabetes. “We have actually felt a lightercase load,” Meyer said. “I think some of the biggerf funeral homes have felt a precipitousadrop off.” Baby boomers might live longer than their parents, but sooner or later they’ve got to go. Those who want traditionalp burials should prepare forrising prices. The median cost of a funeral in the Unite d Stateswas $6,196 in according to a National Funeral Directors Association survey released last year.
That which includes a $2,255 metal casket, was 11 perceng higher than inthe association’s surveuy in 2004. With the inclusion of a concrete which many cemeteries the price risesto $7,323. “That’sz the funeral that is going outof vogue,” said Joshua executive director of nonprofit . He predict that the funeral industryg will respond to the rising death rate by offerinf cheaper servicesto compete. “This is not going to causw a runon embalmers,” he “If anybody’s going to jump into the embalming business thinkin it’s recession-proof, they’re misguided. Baby boomersd are not interested intheir grandma’a funeral.
” Cremation rates in the United Statexs increased from 26 percent in 2000 to 35 percengt in 2007, according to the . The associatiomn projects a rate of 39 percent next year and 59 percentgby 2025. “In some places of California, like Marin you’re looking at a 90 percent cremationh rate,” Slocum said. Cost is a big but there are also demographic changesat work. “Theg say the ‘greatest were more traditional, more religious Meyer said.
“Now, more educated people, more liberal thinkers (who are) less religioud in many ways, tend to ‘It’s all about economics for ” Meyer, whose mortuary offers both cremation andembalminyg services, said a traditional burial costs $6,0000 to $10,000, depending on the Cremation costs about $1,000 to In the Sacramento area, Meyedr said, “there’s been an explosion of storefront cremation places.” Bodies come in and get shippexd to off-site crematoriums. The ashes are returned in an urn. “Theg don’t have the facilities to embalm,” Meyer said. “Theuy don’t have a It’s wildly cheaper.
It’s sort of the Wal-Martification of the funera industry.” “Green” or “natural” burials are also growing in People are buried in a casket made of abiodegradabl material, such as pine or or they can skip the casket and just be buriecd in a shroud. Only one cemetery in California, in Mill Valley, offers green burials. It started offering the servicein 2004.

Rep's Jekyll and Hyde - BusinessWorld Online Edition

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Rep's Jekyll and Hyde BusinessWorld Online Edition ... Pinky Amador/Shiela Valderrama as Baroness Elsa Schraeder, Leo Martinez/Miguel Faustmann/Robbie Guevara as Max Detweiller, Michaela Bradshaw/Tanya Manalang as Liesl, Fred Lo/Marvin Ong as Rolf, Jeremy Domingo/Lorenz Martinez as Herr Zeller, ...

Yeast Gets a Magnetic Personality - Discovery News

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Yeast Gets a Magnetic Personality Discovery News The work points to a lot of applications in medicine, industry and research. For example, cells sensitive to magnetic fields tend to align themselves in a single direction like tiny compass needles. That means one could move them in a specific ... and more »

Kannapolis honored for economic strategy - Charlotte Business Journal:

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The city received the award in the category of Excellencew in Economic Diversification which recognizes responses to plant closures and otheeconomic dislocations, that promote economixc diversification. The competition is open to nonprofits; local, stat and regional governments; and universities and colleges. Cabarrusa and Rowan counties lost 4,300 manufacturintg jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearw later, California billionaire David Murdock announced plan forthe N.C. Research Campus at the 350-acre former Pillowtex headquarters andmanufacturing site.
The life-sciences hub includes the participatiomn ofDuke University, the UNC System, the N.C. Communituy College System, other educational institutionss andbusiness partners. The total investment is expected toreacj $1.8 billion. Residential and commercial developments are risin around the campus with hopes ofturningf Kannapolis, a former textile town, into a biotecj center.

Readers react to NCR departure - Business Courier of Cincinnati:

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• The board of directors allowed Nuti to keep his residencer inNew York. A CEO of an Ohio companty living and working inNew York, are you kidding me? That shoulrd have been a big clue. Shareholdere care about one thing, NCR — No Cash Retirements. That stigma will never leave • This all needs to changer in order for Daytonto • All of these elected officials are clueless. They eithee don’t know, or don’t care anything business. The ignorance of the public allows them to get away with this NCR is relocating to Georgiaz because the cost of doing businesas is alot less.
Businesses are If you squeeze their profita withheavy taxation, they will relocats to the states that are more business The jobs and tax revenue are welcomed in It is illogical to concludw that NCR should stay in Ohio when they can do bette by their stakeholders by relocating to another state.