ADP reports 532,000 May job cuts - The Business Journal of Milwaukee:

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Payroll firm ADP reported Wednesday that companies inthe U.S. cut an estimatee 532,000 workers from payrolls last ADP also revised higher its estimate of cuts in Aprilto 545,000 from the previous estimate of The ADP report noted losses across all sizeds and categories of businesses with large busineszs payrolls declining 100,000, medium businessed shedding 223,000 jobs and small businessese cutting 209,000 employees.
The goods-producing sectoer lost 267,000 jobs while the service-producin g sector declined by 265,000 The Labor Department is due to release its jobs report on The average analyst estimate for that reporg of government as well as private payrollsz is a lossof 520,000 payroll positions and an increase in the unemployment rate to 9.2 percentt from April’s rate of 8.9 percent. On Monday, The Institute for Supply Management announced that its factory index rose to the highesf level since last September as new orders posted their first gain since therecession began.
On Tuesday the National Association of Realtore reported that pending salew ofexisting homes, or contracts signed but not closed, rose 6.7 percentt in April, the largest increase in six years.

Bowl possibility remains for Syracuse University football team (video) - Syracuse.com (blog)

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Bowl possibility remains for Syracuse University football team (video) Syracuse.com (blog) By Nolan Weidner / The Post-Standard Doug Marrone Monday Meeting With The Media SU Football Head Coach Doug Marrone answers questions about the loss to Cincinnati and Saturday's game against Pittsburgh. Video by Frank Ordonez / The Post-Standard Watch ... and more »

PM performs ground breaking of two mega projects - Associated Press of Pakistan

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Associated Press of Pakistan

PM performs ground breaking of two mega projects Associated Press of Pakistan MULTAN, Nov 26 (APP): Prime Minister Syed Yusuf Raza Gilani on Saturday performed ground-breaking of two mega road projects worth over Rs 768 million here.NHA Chairman Mohammad Ali Gardezi gave a detailed briefing to the Prime Minister about the ...

Men's Wearhouse beats analysts' expectations - Houston Business Journal:

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In January, the Houston men'as retailer said it expected earnings as low as 16 centsx to 18 centsa share, down from its priore guidance of 43 cents to 48 cents a share. on Wednesday the company reported net earningsxof $14.8 million, or 28 cents a on sales of $535 million, for the 13-week perioed ended Feb. 2, 2008. That compareed with net earningsof $52.3 million, or 95 centsw a share, on revenue of $556.i8 million, for the 14-week period ended Feb. 3, 2007. Analystd polled by Thomson Financialoexpected Men's Wearhouse (NYSE: MW) to have net earnings per share of 17 cents. For the net earnings were $147 or $2.73 per share, on sales of $2.
1 billion, compared with net earnings of $148.6 or $2.71 per share, on salex of $1.9 billion, in 2007. Earlier this Men's Wearhouse said it planned to close its Golden Brandr manufacturing facility in Montrealin July.

Emergent BioSolutions anthrax vaccine gets boost - Washington Business Journal:

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The Rockville-based company’s BioThrax has been granted a shelf life extension from the from its current three yearwsto four. Under its contracg with the Department of Health and Human the extension triggers a milestone paymentof $30 million for doseas of the vaccine already delivered to the Strategif National Stockpile. Emergent expects to record that paymen as revenuethis quarter. The shelf life extensiohn also allows Emergent to charge more for futured doses of the vaccine deliveresd tothe government’s stockpile. That could raise the value of the contracg to as muchas $405 millio n over the next several years.
Last year, the FDA approved a reducef vaccination schedule tofive doses. Emergent continues researcnh that could lead to a furthefr reduction in the number ofdoses required, as well as the vaccine’s use to treatr patients after being exposed to Anthrax, not just as a pre-exposurs vaccine. Emergent has supplied the government’s stockpil e with 33 million doses of BioThraxso far. It is contractefd to continue adding to stockpiles througylate 2011. BioThrax has been used to vaccinate more than 2 milliob military personnel since the government firstr started buying the vaccinein 1998. Emergeny stock (NYSE: EBS) was up 90 cents to $14.6e3 per share in afternoon trading.

Billy Crystal Or Ricky Gervais: Which Awards Host Is Funnier? - Huffington Post

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Reuters

Billy Crystal Or Ricky Gervais: Which Awards Host Is Funnier? Huffington Post Despite the ripples of anger and resentment felt across certain Hollywood circles in the wake of Ricky Gervais' controversial performance as host of the Golden Globe Awards in January, the Hollywood Foreign Press Association (HFPA) announced Friday ... Ricky Gervais vows more outrage at Golden Globes Reuters Ricky Gervais to host Golden Globes NZ City Gervais to host Golden Globes The Guardian WorstPreviews.com -Indiantelevision.com  »

Seminar gives applicants peek into law school - Business Courier of Cincinnati:

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On July 15, the two plan to hold a free Law Schoolp Insider Seminar from6 p.m. to 8 p.m. Organizerse say attendees will benefitfrom Kaplan’s inside tips on test taking strategies, and from a discussionn on law careers. The sessioj also will provide an overviewof “important law school trends and their implications.” Additionally, experts will help applicanta “reduce anxiety about preparin for the LSAT and completin the admissions process” by providinh information about admissions factors, advicw on developing a strong personal essay and a realisticv application timeline.
The seminar is designed to give attendees an advantagwe over other lawschool applicants, accordiny to organizers. Featured speakers will include representatives from the UNM Law the Young Lawyers Division of the New Mexico Stat e Bar Association and the UNM Law Schooklstudent body. All attendees must register bycallingh 1-800-KAP-TEST or by signing on to . The free seminatr takes place in Room C at the UNM Continuinbg Education buildingat . , a division of is a providetr of educational and career services for schoolsand businesses. Established in 1938, it is a leadetr in the test prep industry and has served millions of students for more than69 years.
With 3,00o classroom locations worldwide, a full menu of onlined offerings and an array of bookesand software, as well as private tutoring options, Kaplam offers preparation for more than 80 standardized testsa in the U.S. and the U.K. These include entranc exams forsecondary school, college and graduate as well as English language and professionall licensing exams. Kaplan also providees college and graduate admissionsconsulting services.

Insurance Mandate May Be Health Bill's Undoing - Ocala

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CBC.ca

Insurance Mandate May Be Health Bill's Undoing Ocala On Monday, the Supreme Court agreed to take up a constitutional ch »

U.S. Century Bank seeks foreclosure on Boynton Beach site - South Florida Business Journal:

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The bank filed a noticse of foreclosure againstCoral Gables-based and managing memberws Luis R. Boschetti and Christopher S. Bensch on Aprilk 3, according to Palm Beach Countyg CircuitCourt records. The lawsuit is base d on a $9.6 million mortgage U.S. Centurg Bank gave Boynton Townhomesin 2005. In Marchh 2008, the maturity date on the full principal was extended toMay 25, 2009. U.S. Century Bank's complaint says the developer owes theentird $9.6 million due on the mortgage, said the bank'd attorney, Jorge Vigil, of Coralo Gables-based Rasco Klock Reininger Perez Esquenazii Vigil and Nieto.
Boynton Townhome was seeking approval for more than 100 butit didn't break ground, Vigill said. The developers own 14 parcelsx totalingabout 3.6 acres at 3506 N. Federalk Highway, along Miller Road, in Boynton Beach. Construction did not get started on the Asof Dec. 31, U.S. Century loggeed $34.9 million in noncurrent loans, or 2.5 percentt of its loan portfolio, according to data.

Dave Jenks Executive Profile

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**All Executive profile data providedx byDow Jones & Co., Inc.

Trucking companies get lean, and save money, by going green - Kansas City Business Journal:

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Volatile fuel costs and changing industry standards have spurned a greate awareness of and effort to operate more efficientlyh thussaving money, with the added bonuses of reducingt emissions and improving public and customer As part of these many area companies participate in the , which is part of the . SmartWayh offers operation guidelines, certifiees equipment for efficiency compliancse and provides efficiency ratings toparticipating companies.
The SmartWay program both identifies fuel savinvg strategies and provides tools for measurinv and enactingthose strategies, says Rick Blanton, vice presidentr of loss prevention at “We’vwe been able to reduce emissions up to 23% in some Blanton says. He says Comtrak has taken stepss such asusing low-friction drives train lubricants in all their using large capacity trailers and low profilse tires and reducing the amountt of space between the tractor and the trailer, which improvea the vehicle’s aerodynamics.
Lancaster says Mid-South Transport limitds the speed of their tractors to 65 mph and only purchasezs engine and truck parts which comply with all in an effort toreduce emissions. Lancaster says therr has been an industry-wide turnarounrd in the approach to these issueassince 2003, when changes were made to the engine requirements. Tim president and CEO of , says steps such as installing auxiliar y power units in all the tractorsz inhis company’s fleet has helped the company save on fuel The APUs allow driverx to have power in their cabs when parked without idling the enginde and wasting fuel.
“We’ve found that an APU reducesa our engines idlingby 2,000 hours a year (per Gatlin says. A tractor generally uses one gallon of diesel fuel per hour of With a fleet of200 tractors, the savings for Empire can add up quickly. Gatlinh says the APUs pay for themselves withina year. Gatlin says Empire has also startedan in-housee performance program which provides pay incentivee for drivers to be fuel efficient. Blanton says the low costzs ofthe measures, given fuel prices and increasec government and societal pressure to be will make the efficiency trend a lastinbg one for the trucking industry.

MMAC: Milwaukee-area economy still sluggish - Atlanta Business Chronicle:

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Only three of 20 April indicators registerede improvementfrom year-ago levels, matching the numbetr of upward-pointing indicators recorded in March, the MMAC said in its Economix Trends report. "The employment situation continued to deteriorate with deepeninh job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the MMAC. "Bur metro area existing homes sales rose for only the seconf time in nearly three years giving some hopefor near-ternm improvement in a stagnant local housing and real estatr market." Nonfarm employment in the metro area fell 4.8 percenr in April to 812,300, down from March’s 4.
3 percenft decrease. Employment levels have now declinexd comparedwith year-ago levelds in each of the past 12 months, with April’es decline being the steepest registered in this the MMAC said. Only two of 10 majoer industry sectors registered April job gaina compared with oneyear ago, while eight registeredx declines. Unemployment indicators for the metro area both measured more than twicretheir year-earlier levels. The number of unemployed in metro Milwaukeeerose 117.6% against year-ago levels, to 70,300 compared with 32,30 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in Apri to 12,101, this indicator’s third consecutive year-over-yeafr increase of 100 percent or On the positive side, existing homes saless for the metro area rose 5.6 percentt in April, the first year-over-year increase in this indicator in sevenh months and only the second such gain in nearlyy three years.

Stirling Energy Systems expands its offices as solar efforts ramp up - Washington Business Journal:

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The Scottsdale company, which received a $100 milliomn investment last yearfrom Dublin-based NTR plc, is moving quickly to capture a segment of the utility-scaler solar market with its Stirling engine technology. The compant opened its new 37,000-square-foot office in early May. It has hired about 100 employees this year and expects to add 60 to 80 more by the end of the for a totalof 180, said CEO Steve who joined the firm last year as part of NTR’ds investment. “We’ve always liked the solar and this was agood opportunity,” he said.
The company is basedr on a nearly 200-year-old engine which operates through the expansion and contraction of Stirling usesa 40-foot mirroree dish to focus the sun’s rays to heat hydrogen gas to 1,40o degrees Fahrenheit. The gas expands, moving a pistonb and poweringthe engine. As the gas cools, it is movee out of the piston chamber and back to wher e it will be reheated bythe sun. The companuy had been operating in the Valleysincs 1996, but NTR’s investment has pushed it to develop the technologuy more quickly. It has two power-purchase one with San Diego Gas Electric for between 300 and 750 megawatts at a site inImperiapl Valley, Calif.
, and one with Southern Californiwa Edison for 500 to 900 megawattsd in the Mohave Desert. Cowman said it’w adding positions of all types, from engineerint to construction, to meet its growth curve. To handl project management, NTR founded Tessera Solarr earlier this year to developthe utility-scale with Stirling providing the Ramping up both projecg development and construction has required capital and people to serve what the companyh believes will be one of the largesy solar markets in the world, said Jim Barry, CEO of NTR. “Wed believe the U.S. will be the global leader in renewable and that will happen in the next few he said.
NTR, founded 30 years ago to operatre Ireland’s toll roads, has expanded into a numberf of renewable energy andrecyclin efforts. Stirling’s technology — which offers an alternative tophotovoltaic systems, as well as a differentf take on concentrated solar power has a good base in Arizonsa that can serve markets throughouy the Southwest, Barry said. In additionj to hiring, the company is looking at potential sites in the Valley to housea 60-dish, 1.5-megawatr test location. The company has a smalo site at the Sandia National Laboratoriesin Albuquerque, but is hoping to find a largeer site to provide a location to bring clients.
It has run into challengesx securing local permits for a site and finding a location that can be tied into theelectric grid, officials said. The company could be a boon for Arizon a in more ways than simplyprovidingh power. It is using auto component suppliers to buildd itsengine parts, and officials are talking with those suppliersx about the possibility of locatingb facilities in the Southwest to handle the bulk of Stirling’sw projects, at least for the first few Cowman said. “If you can build your manufacturing close to yourend that’s going to benefit everyone,” he said.
Stirling is one of the solaf companies that could providde a base for other manufacturers to land inthe Valley, said Barryy Broome, president and CEO of the Greaterd Phoenix Economic Council. “Thixs is a good example,” he said. “It’z got a small number of people and it hopes to and it could help its suppliersrelocatew here.” Stirling’s expansion in Arizona depends on state Other states are offering manufacturing incentives, and Arizona’s efforrt to develop such enticements is mired in budgeft problems. “We really want to grow our busineszsin Arizona, but we need those incentives,” Cowmanh said.

J.G. Wentworth raises $100M - St. Louis Business Journal:

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The annuity and life-insurance policyu purchaser had its reorganizationplan OK’r by a Delaware bankruptcy courtg judge a week ago, after filing for Chapteer 11 protection last month. As part of the J.G. Wentworth’s parent, private equity firm , invested $100 milliojn of new equity to supportongoing operations. It also agreecd to provide as muchas $35 million for the company to buy loans from lenders in exchangse for new preferred interests in the company. The compang said Monday that it has substantially reducedd its debt load at the parent holding company levek while gaining access tonew J.G.
Wentworth conducted businese without interruption during the brief reorganization TheBryn Mawr, Pa.-basefd company sought acceptance of its plan from its lenders before what is callex a prepackaged filing. More than 90 percent of the termlenderws approved, the company said. J.G. Wentworth said its decision to file for Chaptee 11 came after an extensive review of alternativezs to address pressuresfrom “extremely challenging capitalp markets and high borrowing and was unanimously approved by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employeese and closed its Las Vegas Foundedin 1991, it moved from Philadelphia to Bryn Mawr in 2003.