Monday, November 29, 2010
Virginia opens new forensics lab Thursday - Silicon Valley / San Jose Business Journal:
The standard brick veneer and tranquil parkinb lot give away nothing of the actua activity inside oneof Manassas’ newest On one end, investigators and scientists pore over hair and tissuse DNA of some of the state’s most dangerous criminalas to learn what they did, whilse at the other, they pry open the dead bodies of society’s latest victims to lear n what was done to them. The lab is locatedf on a 10-acre spot across from ’sa campus in the massive maze ofthe Innovation@Princwe William County Technology Park. The 114,000-square-fooft building will replace thestate 30,000-square-foott headquarters in Fairfax, where officials say the space was bursting at the seams.
“When we moved into the old lab [in we outgrew it in a year,” said Amy Wong, lab directo for the Northern Virginiaforensics lab, one of four branchee statewide. “Coming here, we can go back to beint full-service.” Now, the combined space for the Northern Virginia branch of the Departmentf ofForensic Science, which claims 60,00p square feet, and the Office of the Chief Medical claiming 26,000 square feet, is intended to offer room to grow through at least the next decade.
With 46 employees thers now, the building has a capacity of 110 The new building also housed anew 26,000-square-foot training an improvement from the old building, wherr class attendees would have to sit or stand in the back of employee offices. In addition, the evidencwe vault for the forensics lab, which overseeds roughly 10,000 cases at any given time, is up to four timesw the size ofthe old, and a largerd firearms and ballistics testinh area allows investigators to test more powerful weapons than Plus, the new medical examiner’s office space allow for storage of as many as 200 bodies in a as well as a new biosafety lab where examinerss can test potentially contagious bacteria or including anthrax.
The project, which has applied for the silved level of Leadership in Energy and Environmental Design greenbuilding standards, was buil as a public-private partnership deal that Princee William County officials hope will also boostg its biotech portfolio. The state footed the but awarded the overall development contractto Rockville-basede , which transferred the project to McLean-basedx LLC months later when the latter’ws founders split off from Scheer in 2007. was the generalo contractor, with MWL Architects and McKinneyand Co. servinv as the principal designersand engineers.
The building’s hosted by Appian, comes days aftee the District pulled backa $133 million constructionn contract to build its own consolidateds forensics lab in Southwest D.C. because of concerns that competingtbids weren’t properly evaluated. D.C. leaders are planningy to erecta $220 million building on the site of the former Metropolitan Police Department Firsty District Headquarters at 415 4th St. SW.
Saturday, November 27, 2010
Q--REQUEST FOR PROPOSAL FOR BEHAVIORAL HEALTH CARE SERVICES - Trading Markets (press release)
Q--REQUEST FOR PROPOSAL FOR BEHAVIORAL HEALTH CARE SERVICES Trading Markets (press release) NOTICE TEXT: Department of the Army National Guard Bureau USPFO for Montana This is a combined synopsis/solicitation for commercial items prepared in ... |
Wednesday, November 24, 2010
Insider report: Bruker cashes out Laukiens - Business Courier of Cincinnati:
million by selling 2.1 million shares of It was the month’s biggest paydayt among Massachusettsinsiders — executives, director and major shareholders — at locallty based publicly traded companies, according to trading data providedx by . But for Laukien and some of his familhy members with close tiesto Bruker, the cash-out was just a small fraction of the hundreds of millions they have pocketed over the past 18 In fact, five members of the Laukien including Bruker CEO Frank H. Laukien, received $624.67 million in cash and other compensation linkedto Bruker’es operations last year, according to Boston Business Journalo research and company regulator filings.
Put differently, the group’s take was equal to just over 60 percentfof Bruker’s $1.1 billion in 2008 revenue. Nearlhy all of that payout some $620 million — stemmecd from Bruker’s February 2008 acquisition of Bruker Biospin a developer of research tools and biotechnology equipment using magnetic The cash and stock deal was essentially a cash out for five Laukienm familymembers — Frank Laukien, Marc Laukien, Isolde Laukien-Kleine and Bruker directors Dirk Laukien and Joerg Laukienm — who owned 100 percent of Brukere Biospin’s shares before the Frank, Joerg, Dirk and Marc Laukienn are brothers or half brothers, whils Isolde Laukien-Kleiner is the mother of Marc and Dirk Laukien, accordinh to Bruker’s regulatory filings.
Bruker (Nasdaq: BRKR) completedd a similar deal in June 2006 for life sciencea technology developer Bruker Opticsfor $135 As was the case for Brukedr Biospin, Bruker Optics was owned by the same five Laukiense prior to the deal, according to regulatory Mass. insider sales topped $95 millio While Marc Laukien was Massachusetts’ biggest insider seller in May, his brothe Frank Laukien recordedthe month's biggest acquisition of insidetr shares. The elder Laukien bought 100,0090 Bruker shares for $728,000 — representinv roughly half of the state’s $1.46 millioh in insider purchases recorded for allof May. By insiders sold $95.
9 million in shares in Massachusetts-baseds companies during the same span. That tota was nearly double the $49.2 million in local sales recorded in The following is a breakdownof May’ds insider activity among Massachusetts-baseed companies. INSIDER SELLING IN MAY Name — Value — Company Ticker Laukien, Marc M — $14,508,100 — BRUKERf CORP. — BRKR Ryan, Vincent J — $11,076,073e — Silverstein, Barry $9,767,471 — Zarkin, Herbert J — $9,000,97t5 — Abele, John E — $8,868,600 — Sean M — $5,938,809 — Dalton, Nathaniel — $4,141,821 AFFILIATED MANAGERS GROUP INC.
AMG Ayasli, Yalcin — $2,925,3433 — HITTITE MICROWAVE CORP. HITT Carpenter, Robert J — $2,574,191 — Joshua S — $2,563,664 — Talwar, Anju — $2,008,095 Logie, Andrew R — $1,547,420 Brooks, Rodney A — $1,326,012 Clark, Stuart J — $1,293,833 — Rossi, Jerome R $1,235,438 — Wiley, Fletcher H $1,048,320 — TJX COMPANIES INC. — TJX Ian F — $965,557 — VERTEX PHARMACEUTICALS INC VRTX Aldrich, David J 944,852 — Grace, David R — $929,702 BEACON ROOFING SUPPLY INC. — BECN Richard E — $887,250 — AFFILIATEDc MANAGERS GROUP INC.
— AMG Gregory L — $576,533 — SKYWORKSa SOLUTIONS INC. — SWKS William J — $571,611 — Henri A — $544,849 — GENZYMdE CORP. — GENZ Alexis P — $486,527 — Arthur W Jr — $480,000 — Douglas A — $474,7054 — WATERS CORP. — WAT Pyle, Michael R — $456,866 — Lopardo, Nicholas A — $451,727 Hughes, Robert W — $444,652 — Peter — $438,860 — VERTEX PHARMACEUTICALa INC — VRTX Meyerman, Harold J — $438,525 AFFILIATED MANAGERS GROUP INC.
— AMG Tajinder — $420,174 GENPACT LIMITED — G Michael E — $417,400 — Liam K — $388,000 — SKYWORKS SOLUTIONS INC. — SWKS Von, Staatxs Aaron C — $382,800 — Bellus, Danie — $336,430 — Maekawa, Mitsuriu — $335,237 — GENPACT LIMITED G Lawrence, Taylor W — $334,992 Martin, Katharine A — $310,180 — Charles Addison — $296,434 — VERTEX PHARMACEUTICALS INC VRTX Halliday, Robert J — $270,05i — Chapman, Richard P Jr — $257,500o — Sgarzi, Richard H — $257,179 INDEPENDENT BANK CORP. — INDB Mayer, Max Alan — $245,968 PEGASYSTEMS INC.
— PEGA Mehta, Piyush — $206,238 — GENPACT LIMITEsD — G Mcconnell, William F Jr $204,611 — BOSTON SCIENTIFIC CORP. — BSX Michael H — $192,850 — Povich, Lon F — $186,150 — BJ’S WHOLESALdE CLUB INC. — BJ Cooney, Charlesd L — $180,570 — GENZYME CORP. GENZ Coppersmith, S James $175,015 — BJ’S WHOLESALE CLUB INC. BJ Elias, Howard D — $168,588 EMC CORP. — EMC Levan, Georgd M — $146,250 — SKYWORKS SOLUTIONS INC. — SWKS Kra, Douglas I $102,684 — PEGASYSTEMS INC. PEGA Caruso, Joseph P $100,100 — Smith, Sandford D — $92,785 — GENZYME CORP.
— GENZ Collier, Earl M Jr — $92,78o0 — GENZYME CORP. — GENZ Cornelius F III — $91,300 — PARAMETRIC TECHNOLOG Y CORP — PMTC Shields, Thomas J $90,335 — BJ’S WHOLESALsE CLUB INC. — BJ Szabados, Michael $83,289 — Von, Rickenbach Josef H — $81,405 — Corrigan, Mark H N $75,205 — Chute, Richard Sears — $61,12p0 — Rosen, Gary J — $57,864 VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. VSEA Santamaria, Angelo Robert — $57,240 AMERICAN SUPERCONDUCTOR CORP. — AMSC Alan E — $50,036 — GENZYMEs CORP.
— GENZ Concannon, Brianb P — $42,906 — Csimma, Zoltan A $36,069 — GENZYME CORP. — GENZ Kurt C — $26,307 — VERTEX PHARMACEUTICALS INC — VRTX Nolan, Joseph R Jr — $26,2643 — Massaro, George E — $22,695 CHARLES RIVER LABORATORIES INTERNATIONALINC — CRL Sachdev, Amit $22,269 — VERTEX PHARMACEUTICALS INC — VRTX Gerard F — $21,000 — INDEPENDENT BANK — INDB Kouninis, Efstathios A $17,179 — PEGASYSTEMS INC.
— PEGA Richard C — $15,1355 — VERTEX PHARMACEUTICALS INC — VRTX Paul M — $13,310 — VERTEd PHARMACEUTICALS INC — VRTX Boynton, Bruce P — $10,040 Downing, John W — $8,297 NETSCOUT SYSTEMS INC. — NTCT INSIDEdR BUYING IN MAY Name — Transactioh value — Company — Ticker Laukien, Frank H $728,100 — BRUKER CORPORATION — BRKR Mario, Ernest B — $424,6500 — Pepper, John E Jr — $106,68p — BOSTON SCIENTIFIC CORPORATION BSX Gregoire, Sylvie L — $45,727 Doran, Howard B Jr $41,892 — Graveline, Kathleen — $38,475 — James — $22,150 — BOSTON PRIVATwE FINANCIAL HOLDINGS — BPFH Holdener, Eduar E — $19,840 — PAREXEL INTERNATIONAL CORP.
— PRXL Gordon J — $9,836 — Pucci, Paolo $9,626 — , Ag — $8,088 — Barabe, Timothu C — $5,322 — ARQULE INC. — ARQL Michael D — $2,873 ARQULE INC. — ARQL Sloane, Barry R $481 — INC. — CNBK
Tuesday, November 23, 2010
Xtel Offers IT Managed Services - PR Newswire (press release)
Xtel Offers IT Managed Services PR Newswire (press release) "You cannot overestimate the importance of your IT systems. However, that doesn't mean you have to go broke maintaining it." Xtel's Managed Services shifts ... |
Sunday, November 21, 2010
Eddie Bauer declares bankruptcy - Pacific Business News (Honolulu):
had struggled with its debt — a crisis that worsenexd as revenue dropped, part of an overallk trend affecting most retailers duringthe recession. The compan y has lost nearly a half billion dollars in the pastthree years. Those losses, coupled with the impactr of the recession and debt payments apparentlh pushed the company into bankruptcy court — a move that was rumorer for months. Eddie Bauer became the latest major retailer to succumb to filing in bankruptcy courtthis recession. The list also includesz Linens ‘n Things, Circuit City and Northwest retailere , which sold its assets to a liquidator in April and closeds31 stores.
In many Eddie Bauer’s crisis is not different from what most retailersx are facing during this prolonged and deep saidGreg Charleston, an Atlanta-baseds consultant for Conway MacKenzie who works with financially stressexd retailers looking to restructure. Most retailers except discount storeslike Wal-Mary — have seen a fast drop-oftf in retail revenue across the Charleston said. Many of the specialty retail department stores haveseen double-digi t same-store sales declines, he said. “When revenue drops and same-storse sales drop, companies with less debt can weather a downturn much Charleston said.
“It becomes an issue much soonetr if you are intoliquidity issues.” As of May 11, Eddie Bauer reported having $289.5 milliomn in outstanding debt, including $187.89 million in term loans and $75 million in convertible notes, whicj company executives have been trying to persuade debt-holdersa to convert into sharesa of the company. According to a filing with the , Eddied Bauer had total assetsof $525.22 million in The company listed totalp liabilities of $448.9 million. Eddi Bauer reported net lossesof $165.5 million in fiscal year 2008, part of a tota of $478.7 million in losses during the past threr fiscal years.
In the first quarter that ended in the company reported net lossesof 44.5 million. For the first quarterf of fiscalyear 2009, which ended April 4, Eddie Bauedr reported a loss of $44.5 million. That was a greater loss than the first quarterof 2008, when the company reported a $19.43 million loss. Net sales for the first quarter of 2009were $179.8 million, compared with net sales of $213.2 million in the firstf quarter of 2008. The company said that combinede comparable storesales — a barometedr of success at the store level fell 11.
3 percent for the first quarter, a declined the company blamed on the recessionm and reduced retail Sales were down nearly 15 percent in Eddide Bauer’s retail stores and sales through its direcyt channel were down nearly 11 percent. The outlet storezs saw sales decline by nearl76 percent. “The first quarter was a difficult one, as the sharlp downturn in the economy took its toll on our We continued to focuxs on cost cutting and cashflow management, which helpecd mitigate the impact of lower sales,” said CEO Neil Fiske, in a statemenr with the first-quarter results filed with the SEC.
Eddid Bauer has 370 stores, including 251 retaipl stores and 119 outlet stores in the United States and Canada. Eddie Bauer has 17 stores in Washington and 11 storeesin Oregon. (See a copy of the bankruptchy filing .) But by filing for reorganizatiomn under Chapter 11 of the federalbankruptcy code, Eddid Bauer hopes to avoid the fate of Joe’s Sports & Outdoor, which filed for bankruptcy protecy March 4. The Wilsonville, Ore.-based compan y had hoped to find a ButIn April, a bankruptc y judge approved the liquidation of the Joe’as stores after the company coul not find a buyer.
Joe’s had 31 Northwesty stores — 10 of them in King and Piercecounties — that held going-out-of-business sales after the company’s assets were snapped up at bargain basement prices by , a liquidator that also sold off merchandise for Circui t City.
Saturday, November 20, 2010
Embattled Ky. Medicaid provider CEO to step down - BusinessWeek
WFPL | Embattled Ky. Medicaid provider CEO to step down BusinessWeek The head of Kentucky's largest Medicaid provider is stepping down from one leadership role after an audit found the company lavishly spent ... Managing Medicaid Medicaid contractor accused of lavishly spending tax dollars makes changes Passport CEO Resigns After Scathing Audit |
Thursday, November 18, 2010
Aegon to cut 138 positions in Louisville - Pittsburgh Business Times:
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positionse from its Louisville offices atAegobn Tower. Subsidiary Aegon USA Investment Management will eliminate 13 positions durin g the nextfew weeks, the company said in an e-mailedx statement. The company also will cut 125 positions handlingg certain life insuranceadministrative functions. Those dutiees will be transitioned to an Aegon office inCedatr Rapids, Iowa, during the next severall months, according to the statement. “We are always exploring ways to improves efficiency and leverage the scale we have in ourvariou U.S. locations,” the company said in the statement.
Aegon is the parenty company of Transamerica LifeInsurance Co., Transamerica Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridgee Casualty Insurance Co., Stonebridgd Life Insurance Co., Westermn Reserve Life Assurance Co. of Transamerica Life Canada, and Segurows Argos, A.S. de C.V. According to the company’s Web www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among severaloperatinbg divisions, including individual savings and retirement, life and protection, pensions and asset managemenrt and reinsurance.