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Haldeman's appointment to Freddie Mac would requirw approval bythe . Haldeman's retirement Tuesdah from Boston-based Putnam ended a tenure that witnessed a sharlp decline inassets - to the tune of tens of billionsd of dollars - at the mutual fund Putnam described Haldeman’s departure as a retiremengt that will clear the way for CEO Roberty Reynolds to become president of Putnam The position of chairman of Putnam Investmenr Management LLC will not be filled, the company In a statement, Haldeman said when Putnam agreed to be acquired by Canada’ds in January 2007, he committed to stay with the mutual fund company until June 30, 2008.
“Mu agreement was extended, and it is now almost two and a half yearsa since the sale of Putnamwas announced,” Haldemanb said in a presas release. “Bob Reynolds is doing a great jobas CEO. This is a good time for me to advanc to the next stage ofmy career.” Before joining Putnam Investments in 2002, Haldemanm served as CEO of Delaware Investments, and earlier as presidenyt and chief operating officer of Unitec Asset Management. Prior to these positions, he was a partnert and director of the investmenf management firm ofCooke & Bieler Inc. Former parent Cos. Inc. sold Putnajm for $3.9 billion to a division of Powee Corp.
At that time, the mutual fund company had about $192 billion in assets under management. At the end of May Putnam Investmentshad $102 billion in assetsa under management. Mutual fund assets were $55 billion.
Friday, April 29, 2011
Tuesday, April 26, 2011
Small businesses have gotten only 10 percent of stimulus work - bizjournals:
isexufehub.wordpress.com
percent of contracts funded by the economi c stimuluspackage — far below the federal government’xs overall goal of 23 percent. “This is simply said Sen. Olympia Snowe, R-Maine, at a May 21 hearingh on opportunities for small businesses to win contracts fundeed bythe $787 billion American Recovery and Reinvestment Act. Snowe, the ranking Republican on the Senat e Small Business andEntrepreneurship Committee, said therew still is time for smallo businesses to win thei fair share of stimulus work because many contractw funded by the law have not been awarderd yet. “But I must confess, I’m not encourage by the resultsso far,” Snowse said.
Committee chairwoman Mary Landrieu, D-La., said she is “concerneed that small businesses are being left out of many contractingg opportunities for newinfrastructure projects.” “In after Katrina and Rita recovery money was spent, we learnede that many small businesses nevedr even knew about rebuilding contracts,” she Landrieu said the intent of the hearinfg was “to prevent us from lookintg back in five years to ask why recovery act funding never made its way to small businesses.
” Snowew and Landrieu sent the nation’s governors a letter May 20 that encouragef them to make small businessesz a priority when states award stimulus-funded This followed a similar letter sent by Karem Mills, head of the . The Office of Management and Budgegt also has urged federal agencies to issue contracts tosmall businesses. Joseph Jordan, the SBA’sx associate administrator for government contractinv andbusiness development, said small businesses had been awardex $389 million in stimulus contracts as of May 19.
The SBA is workingb with federal agencies to help them meettheir small-businesxs goals, he said, noting that the share of stimulud dollars going to small contractors has been increasing each Information on government contracting is available at SBA’s Web , and contracting including stimulus contracts, are listed on . The SBA also is tryiny to help small businesses win subcontractds from larger businesses that are awardecdstimulus contracts. It has launchedd a Web site — that lists stimulus-related subcontracting As of May 26, the site listedx only 13 subcontracting solicitations. Stimulus work has made a big differenc forSSACC Inc., a landscaping subcontractor in Ill.
Sharon Arnold, the company’s president, said she has been able to rehirre her workers thanksto stimulus-funded highwagy projects. In December, she had to lay everyonwe off. “The stimulus bill has saved my company,” Arnolfd told the Senate committee.
percent of contracts funded by the economi c stimuluspackage — far below the federal government’xs overall goal of 23 percent. “This is simply said Sen. Olympia Snowe, R-Maine, at a May 21 hearingh on opportunities for small businesses to win contracts fundeed bythe $787 billion American Recovery and Reinvestment Act. Snowe, the ranking Republican on the Senat e Small Business andEntrepreneurship Committee, said therew still is time for smallo businesses to win thei fair share of stimulus work because many contractw funded by the law have not been awarderd yet. “But I must confess, I’m not encourage by the resultsso far,” Snowse said.
Committee chairwoman Mary Landrieu, D-La., said she is “concerneed that small businesses are being left out of many contractingg opportunities for newinfrastructure projects.” “In after Katrina and Rita recovery money was spent, we learnede that many small businesses nevedr even knew about rebuilding contracts,” she Landrieu said the intent of the hearinfg was “to prevent us from lookintg back in five years to ask why recovery act funding never made its way to small businesses.
” Snowew and Landrieu sent the nation’s governors a letter May 20 that encouragef them to make small businessesz a priority when states award stimulus-funded This followed a similar letter sent by Karem Mills, head of the . The Office of Management and Budgegt also has urged federal agencies to issue contracts tosmall businesses. Joseph Jordan, the SBA’sx associate administrator for government contractinv andbusiness development, said small businesses had been awardex $389 million in stimulus contracts as of May 19.
The SBA is workingb with federal agencies to help them meettheir small-businesxs goals, he said, noting that the share of stimulud dollars going to small contractors has been increasing each Information on government contracting is available at SBA’s Web , and contracting including stimulus contracts, are listed on . The SBA also is tryiny to help small businesses win subcontractds from larger businesses that are awardecdstimulus contracts. It has launchedd a Web site — that lists stimulus-related subcontracting As of May 26, the site listedx only 13 subcontracting solicitations. Stimulus work has made a big differenc forSSACC Inc., a landscaping subcontractor in Ill.
Sharon Arnold, the company’s president, said she has been able to rehirre her workers thanksto stimulus-funded highwagy projects. In December, she had to lay everyonwe off. “The stimulus bill has saved my company,” Arnolfd told the Senate committee.
Sunday, April 24, 2011
Second Sight Medical Products Announces European Market Approval Of A Retinal ... - Medical News Today (press release)
bakakinkorypon.blogspot.com
Second Sight Medical Products Announces European Market Approval Of A Retinal ... Medical News Today (press release) After more than 20 years of research and development involving a team of international specialists, Second Sight Medical Products, Inc., the leading developer of retinal prostheses for the blind, is pleased to announce that its Argus II Retinal ... |
Friday, April 22, 2011
Research park backers fear layoffs could be damaging - Business First of Columbus:
asozyrab.wordpress.com
, the primary sponsor of the researc park, announced last week that park Director Bill Dean and threse other staff members are losinhtheir jobs. University officials blamed the sour economg and budget pressures for the saying the focus of park development for now woule shift to infrastructure improvements to supportfuturwe expansions. The Piedmont Triad Research Park is envisioned asa 200-acrse downtown science park supporting as many as 10,000 So far only a small portionn of the planned park has been completes with about 850 people working most of them associateds with Wake Forest.
“I’m concerned becausse I think going into a bunker mentality for any busineswjust isn’t a good even in a recession, said Robert Egleston, CEO of the . That foundatiobn provided a $125,000 grant to the researc h park to help pay for awet lab-equippedc biotech business incubator. “If we’r not out there pitching we’ll be lost,” he added. With many communities positioning themselves as biotecu hubs even as theeconomy contracts, “this is a game of markett share, of being a bigger piece of a smallerr pie.
So in my mind, this is fairly Doug Edgeton, who is president of the research park and also executiver vice president at Wake Forest UniversityHealth Sciences, said that Dean and his stafcf have done excellent work since 1999, when he arriverd shortly after the park was founded. (Dean and other affectex research park staff members declined to comment for this Butthe university, like all organizations, struggled in the recessio n and needed to tighten its belt, Edgetonn said.
The university has other staff members who can coordinate infrastructure work andothert priorities, and an outside real estatw consultant, Graydon Pleasants of Pleasants that can broker available space in the he said. Given the current state of the economgy and the slim chance that even aggressivs outreach would bear much fruitright now, recruitment seemed the best plac to cut back, Edgetohn said. “You hardly ever read about companies relocating withoutbig incentives. You just don’f see a lot of companies movingat all,” Edgetohn said.
“We may be too far ahead of ourselvezsif we’re looking too far Edgeton said the park has always seen startups as its primart growth target, and Wake Forest itself generates most of the startuop activity there. That will continue without therecruitingf staff. But Wake Forest is taking a risk by leanint so heavily on itself for the future of the saidJon Wilson, CEO of SpringMed Group. Wilson’s company works with startup medical device firms including park tenants AppliedCatheter Technologies, C Change Surgical and SpringMed was one of the first tenants in the and it frequently collaborates with researchers at Wake Forest.
They have significanft scientific expertise but often need privatew sector partners with more experience building companies to find commercial he said. If Wake Forest dominates the expandintg park, its most successful companies may end up leaving town just when they might start generatingbsignificant jobs, Wilson said. “If you’re not recruitintg these small infrastructure companies from the outside to collaborater with the academicsand you’re going to see things either dying on the vine or goingg somewhere else since therr won’t be the infrastructure here to help he said.
Some of the responsibility for building outside interest in the park will fall to existintg economic development groups such asthe Winston-Salekm Chamber of Commerce and Winston-Salem Business Inc. Bob Leak, president of Winston - Salem Business Inc., said his staff of threw already promotes the park to corporateclientzs regularly, and he expects to meet with Wake Forest officiales soon to discuss how they can increasre their participation if needed. Not havinh a staff dedicated to the park itself and the specialize needs of biotech companies does createa “void,” Leak but one that can be filled.
“Biotechnologu is a specialty, but so are green building andfinancial services” and other industries his organizationj helps recruit, Leak said. “They all have theidr own methods and languagedsand needs.” Edgeton said the next big focusw for the park besides infrastructur e work such as relocating railroad lineds and solving drainage issues will be the planned 60-acre Northernb District. That section of the park will upfit old tobaccok buildingsinto laboratories, condos and shops. Plans for the Northerb District were set back by abou a year when theoriginalk developer, Baltimore-based Streuver Bros.
Eccles & Rouse, pulled out of the projectt due to its own corporatefinanciakl problems, Edgeton said. He hopes to see negotiationa with a new Wexford Scienceand Technology, also of Baltimore, concludw by October and renovation work stargt shortly thereafter.
, the primary sponsor of the researc park, announced last week that park Director Bill Dean and threse other staff members are losinhtheir jobs. University officials blamed the sour economg and budget pressures for the saying the focus of park development for now woule shift to infrastructure improvements to supportfuturwe expansions. The Piedmont Triad Research Park is envisioned asa 200-acrse downtown science park supporting as many as 10,000 So far only a small portionn of the planned park has been completes with about 850 people working most of them associateds with Wake Forest.
“I’m concerned becausse I think going into a bunker mentality for any busineswjust isn’t a good even in a recession, said Robert Egleston, CEO of the . That foundatiobn provided a $125,000 grant to the researc h park to help pay for awet lab-equippedc biotech business incubator. “If we’r not out there pitching we’ll be lost,” he added. With many communities positioning themselves as biotecu hubs even as theeconomy contracts, “this is a game of markett share, of being a bigger piece of a smallerr pie.
So in my mind, this is fairly Doug Edgeton, who is president of the research park and also executiver vice president at Wake Forest UniversityHealth Sciences, said that Dean and his stafcf have done excellent work since 1999, when he arriverd shortly after the park was founded. (Dean and other affectex research park staff members declined to comment for this Butthe university, like all organizations, struggled in the recessio n and needed to tighten its belt, Edgetonn said.
The university has other staff members who can coordinate infrastructure work andothert priorities, and an outside real estatw consultant, Graydon Pleasants of Pleasants that can broker available space in the he said. Given the current state of the economgy and the slim chance that even aggressivs outreach would bear much fruitright now, recruitment seemed the best plac to cut back, Edgetohn said. “You hardly ever read about companies relocating withoutbig incentives. You just don’f see a lot of companies movingat all,” Edgetohn said.
“We may be too far ahead of ourselvezsif we’re looking too far Edgeton said the park has always seen startups as its primart growth target, and Wake Forest itself generates most of the startuop activity there. That will continue without therecruitingf staff. But Wake Forest is taking a risk by leanint so heavily on itself for the future of the saidJon Wilson, CEO of SpringMed Group. Wilson’s company works with startup medical device firms including park tenants AppliedCatheter Technologies, C Change Surgical and SpringMed was one of the first tenants in the and it frequently collaborates with researchers at Wake Forest.
They have significanft scientific expertise but often need privatew sector partners with more experience building companies to find commercial he said. If Wake Forest dominates the expandintg park, its most successful companies may end up leaving town just when they might start generatingbsignificant jobs, Wilson said. “If you’re not recruitintg these small infrastructure companies from the outside to collaborater with the academicsand you’re going to see things either dying on the vine or goingg somewhere else since therr won’t be the infrastructure here to help he said.
Some of the responsibility for building outside interest in the park will fall to existintg economic development groups such asthe Winston-Salekm Chamber of Commerce and Winston-Salem Business Inc. Bob Leak, president of Winston - Salem Business Inc., said his staff of threw already promotes the park to corporateclientzs regularly, and he expects to meet with Wake Forest officiales soon to discuss how they can increasre their participation if needed. Not havinh a staff dedicated to the park itself and the specialize needs of biotech companies does createa “void,” Leak but one that can be filled.
“Biotechnologu is a specialty, but so are green building andfinancial services” and other industries his organizationj helps recruit, Leak said. “They all have theidr own methods and languagedsand needs.” Edgeton said the next big focusw for the park besides infrastructur e work such as relocating railroad lineds and solving drainage issues will be the planned 60-acre Northernb District. That section of the park will upfit old tobaccok buildingsinto laboratories, condos and shops. Plans for the Northerb District were set back by abou a year when theoriginalk developer, Baltimore-based Streuver Bros.
Eccles & Rouse, pulled out of the projectt due to its own corporatefinanciakl problems, Edgeton said. He hopes to see negotiationa with a new Wexford Scienceand Technology, also of Baltimore, concludw by October and renovation work stargt shortly thereafter.
Tuesday, April 19, 2011
First Mariner Bancorp executives get pay bumps - Baltimore Business Journal:
edovogopu.wordpress.com
Mark A. Keidel, president and chiefd operating officer, had his salary boosted to $235,000, up from $193,500. Robert P. Warr, chiefd risk officer and executivevice president, had his salargy increased to $175,000, up from $100,000. In addition to increasin the salaries of Keideland Warr, the compensation committee of First Mariner’s board of directors also confirmef Chief Financial Officer Paul B. Susie’s salaru of $150,000. Susie will also receivs a monthly vehicle allowanceof $500, the filing Last month, Baltimore-based First Mariner FMAR) promoted Keidel, who had been chie f financial officer, to chief operating He succeeded Joseph A.
Cicero, who is retiringb but will stay on as a consultant until the end ofthe year. Firsyt Mariner also appointed Susie to replace Keidel as chie financial officer and named Warr to the newly createxd position of chiefrisk officer.
Mark A. Keidel, president and chiefd operating officer, had his salary boosted to $235,000, up from $193,500. Robert P. Warr, chiefd risk officer and executivevice president, had his salargy increased to $175,000, up from $100,000. In addition to increasin the salaries of Keideland Warr, the compensation committee of First Mariner’s board of directors also confirmef Chief Financial Officer Paul B. Susie’s salaru of $150,000. Susie will also receivs a monthly vehicle allowanceof $500, the filing Last month, Baltimore-based First Mariner FMAR) promoted Keidel, who had been chie f financial officer, to chief operating He succeeded Joseph A.
Cicero, who is retiringb but will stay on as a consultant until the end ofthe year. Firsyt Mariner also appointed Susie to replace Keidel as chie financial officer and named Warr to the newly createxd position of chiefrisk officer.
Sunday, April 17, 2011
CH Products Unveils the New MF4 Handle at CONEXPO/IPFE 2011 - DigitalJournal.com (press release)
http://fliesinthekitchen.com/82/new-sony-digicams-on-tap/
CH Products Unveils the New MF4 Handle at CONEXPO/IPFE 2011 DigitalJournal.com (press release) Visitors to CH Products booth #S -14743 at IFPE 2011 will have the opportunity to see the new MF4 handle. Designed for the HFX Series IV Joystick, the MF4 handle features a large oblong faceplate, LED backlit elastomer keypad as well as high ... |
Friday, April 15, 2011
Radical Bioelectromechanical System Promises to End Energy Shortages - ECNmag.com
antoninahubihe.blogspot.com
Radical Bioelectromechanical System Promises to End Energy Shortages ECNmag.com Katzendreh added, รข€œHowever, the PBJ/CB-DERS holds the potential to provide nearly limitless energy with only modest losses. We are currently working on the mechanism reset function as that is the weak link in the power chain. ... |
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