Applied Materials CEO sees chip gear firms dying - Silicon Valley / San Jose Business Journal:

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Reports from comments made to reporters whil e on a tripto Tokyo, the head of the Santw Clara company (NASDAQ:AMAT) said that the companies that suppl chipmaking equipment are finding it very difficult to mergw or do acquisitions. "That leaves very few avenues to give otherthan ... companies failing," the Reutera news service reportsSplinter said. Other problems hindering industry consolidation are wide differencews in the technologythey use, leaving little room for anything other than a shutdown of some companies, Splinter reportedly "The semiconductor equipment industry cannotf support the necessary level of R&fD without some amount of consolidation," Reuterz quoted Splinter as saying.
"Today there is too much repetition, too much waste in the A report on Monday indicatef that global chip sales posted their seconf consecutive monthof increases, up 6.4 percentt from March to April, but remain 25 percenr below sales from a year ago.

Delta to cut flights from Cincy to London, Frankfurt - Dayton Business Journal:

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The Atlanta-based airline, which is the largest carrier flyiny outof , will reduce its overall systemk by 10 percent compared with 2008, due to declininv passenger revenue and higher fuel prices. International capacity will be cut by another 5 Delta said, citing reduced demand for overseas travel. This followws previous reductionsin March, making for a totak international capacity cut of 15 percent. In a memo to CEO Richard Anderson and President Ed Bastian said passenge r revenue is down almost 20 percenty in the first four monthx ofthe year, compared with the same periodf in 2008.
“That trend is expected to continue in the near On topof this, cost pressures from rising jet fuel prices – up more than 20 percenft since the start of the year coupled with softer travel demand due to the spread of the H1N1 have created a difficult business the executives wrote. The declining revenue will offsety morethan $6 billion in cost savings Delta expected this year from lower year-over-year fuel prices, mergert benefits and capacity reductions. “The additional capacity reductions mean we again must reassessstaffinbg needs,” the executives wrote.
“While the challengess of the current environment preclude us frommakint guarantees, our goal remainx to avoid any involuntary furloughs of frontlinre employees.” Besides the Cincinnati cuts, Deltaq (NYSE: DAL) will suspend nonstop servicr from Atlanta to Shanghai and from New York-JFK to Scotland. It also will reduce the numberd of flights from Atlanta and Detroit toMexico City. At the same Delta is adding flights between other some of which havebeen announced, including Detroit to Shanghai, New York to Prague and Salt Lake City to Tokyo.

Avalon CFO to leave company, replacement named - Washington Business Journal:

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Gary Lessing has been with Germantown-based Avalon since 2001, roughly two years after it was founded. Avalom did not provide further detailsabout Lessing's futured plans. Eric Winzer, a longtime finance executiv for biotech companies is slated to replaces Lessingas CFO, effective July 2. Winzer workedr for Califoria-based (NASDAQ: IVGN), a provider of researcn tools, from 2000 to 2006, holdingy positions such as senior vice CFO and vice presidentof finance. From 1986 to Winzer served in various roles including CFO, secretary and treasurer at Life Technologies, a Rockville-basef company that Invitrogen acquirex in 2000.
"Eric's background and expertise in both operation and in the investment gained while working in a largepublic company, will be a grea benefit to our company," Avalon President and CEO Ken Carter says in a Avalon (NASDAQ: AVRX) is attempting to develolp and commercialize cancer therapeutics. Its lead product is in Phasse Iclinical testing. Stock in Avalon climbed 41 cents, or 7.82 to close Thursday at $5.656 per share.

Clifton Elementary School in northern Va. closing; parents organizing bid for ... - Washington Post

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Clifton Elementary School in northern Va. closing; parents organizing bid for ... Washington Post By AP, CLIFTON, Va. â€" A Fairfax County elementary school is closing for good, but parents are hoping to re-open the facility as a charter school. Clifton Elementary School will close Tuesday. The move comes after the Virginia Supreme Court recently ... and more »

NBC Universal, Microsoft strike ad alliance - Pacific Business News (Honolulu):

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Terms of the deal were not disclosed. Admira analyzes demographic data on viewers to generate more targeted TV ads and also adds automatioj to thebuying process. The two companies tested the using Admira with the NBC Local Media group in March to buy and sell locak television ads inLos Angeles. "Ourr initial test of the systejmin L.A. is off to a greagt start. Admira provides us with the potential to help attracf an entirely new segment of advertiserw to thelocal marketplace, particularly small and midsizer businesses that might not otherwise be able to buy local televisionh station advertising, which is a huge leap forward.
" Frank Comerford, president of platform developmenr and commercial operations for NBC Local said in a statement. The full partnershil is set to begin inthe fall. The two giants are more know through their linkthrough

Survey: CEOs still foresee negative conditions - Baltimore Business Journal:

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“This quarter’s results reflect a continuiny weak set ofeconomic conditions,” said Ivan chairman of Business Roundtable and chairma n and CEO of “Conditions while still negative — appeae to have begun to stabilize.” The Washington-baseds association of CEOs represents a combined work force of nearly 10 milliohn employees and more than $5 trillion in annua sales. When asked how they anticipat their sales to fluctuatew in the nextsix months, 34 percenty said sales will increase, and 46 percent predicted a decrease. That is a sunnietr forecast thanthe first-quarter outlook survey, when 24 percenf predicted higher sales. Fifty-one percent said their U.S.
capitak spending will fall in thesecond quarter, and 12 percenr said it will rise. Forty-nine percen expect their U.S. employment to decreasee in the next six up fromthe first-quarter outlooi survey, when 71 percent predicted a drop in Six percent anticipate their employee base to increase. Memberd CEOs estimated that the nation’s real gross domestixc product will dropby 2.1 perceny in 2009, compared with the first-quarter estimate of a 1.9 percent The outlook index — which combines membefr CEO projections for sales, capitalp spending and employment in the six months aheard — expanded to 18.5 in the seconc quarter, up from -5 in the firstt quarter.
An index reading of 50 or lower is consistent with overaleconomic contraction, and a reading of 50 or highet is consistent with

Blackboard: Patent won't be used against nonprofits - Washington Business Journal:

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The D.C. education software company receiverd a patent last year foran Internet-basee education support system and related methods. Blackboarfd pledged not to assert the patengagainst online-learning software distributed at no cost by open sourcse groups or nonprofits, unless those systems are bundled with software sold by anotheer company. The pledge is the resulg of talks that started in November between Blackboard and an associationof 2,000 institutions and 200 companies that promote educational technologies.
Educause and the Saka i Foundation, a group supporting an educational opensourcee project, issued a statement calling the pledge a "steo in a more positive but expressed concern that the "bundling languagd introduces legal and technical complexity and uncertainty which will be inhibitives in this arena of development." Blackboard has said previousl it wouldn't use the patentg against non-commercial entities. But releasinv a pledge and detailing how it works online makes itlegally binding.
The blanket pledge, a move patent lawyerw say is unusual, is seen as an attempyt by Blackboard to quiet criticism by those in the highe r education and software communities that the companty will use the patent tostifle "Blackboard has said from day one that it's not focusede on open source initiatives," says Blackboard chief legal officed Matt Small. "This is a very honest and generou s pledge to the community after having listenedto them.
" Though offering an olivr branch to nonprofit entities, Blackboard is keeping an important arrow in its quiver: The pledge doesn't preclude Blackboard from suing or threatening litigatiom against other online-learning companies it says infringes the "They're not giving up anything," says Steved Kelber, an intellectual property lawyer with no Blackboare ties. "It's rare that you downloa d open source softwareand don't buy anything with it." Blackboard' s patent became the subject of conflict soon aftert it was granted in Januart 2006. The company sued Canadian competitor Desire2Learbn for infringement in July infederak court.
Desire2Learn and the Software FreedomLaw Center, a New York nonprofirt that supports open source software, both separatelg asked the U.S. Patent and Trade Office in Novemberd toreview Blackboard's patent. The agencyg launched a re-examination of Blackboard's application late last The suit andpending re-examination of Blackboard's patenr application will determine the enforceability and scoper of Blackboard's patent. The company and its detractordssay Blackboard's new pledge has nothing to do with the courgt case or patent review. "Sakai and Educause maintain the positionmthat Blackboard's ... patent ... is overlyg broad, and that the U.S.
Patent and Trademarok Office erred in granting itto Blackboard," Sakai and Educauser said in their joint statement. Blackboard says the pledgse is a small part of its larger effort to support interoperabilitg and opennessof e-learning systems. "We want to make sure this patentf and this isolated suit withD2L don't have any ancillaryy effect on the community," says Blackboard's Small. "Wr want to make sure that other patent holdere inthe e-learning community, particularly universities, folloq our lead as well.
"

7 in GOP, Civil to Each Other, Hit at Obama Instead - New York Times

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Telegraph.co.uk

7 in GOP, Civil to Each Other, Hit at Obama Instead New York Times Rick Santorum, Michele Bachmann, Newt Gingrich, Mitt Romney, Ron Paul, Tim Pawlenty and Herman Cain at the debate. By JEFF ZELENY and JIM RUTENBERG GOFFSTOWN, NH â€" Opening a new phase in a race to define the direction of their party, ... Republicans assail Obama, not each other in debate San Jose Mercury News GOP hopefuls point fingers at Obama, not each other MiamiHerald.com Republicans assail President Obama, not each other, in first big debate in New ... The Canadian Press The Independent -The Associated Press -W »

Kendall

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million foreclosure lawsuit against the developer of theRivendellk single-family home project in West The Miami-based bank filed the foreclosure action on June 9 againstg Miami-based Crestview II, Marsol One LLC and managing member Marcial Solis, according to records. The complainy targets 28 unsold homes and home sitesin Rivendell, which is along Milled Drive (Southwest 56th Street) between Southwesy 167th Avenue and the Miccosukewe Golf and Country Club. After starting construction in 2004, Crestvie II sold 103 homes in Rivendell from 2005 through the most receng salein January. Fort Lauderdale-base d attorney Charles Lichtman, who represents TotalBank in its demandfor $12.
23 million on the outstanding mortgage, did not immediately returb a call seeking comment. TotalBankj reported having $86.4 million in late or unpaid ornearly 6.5 percent of its totall loans, as of March 31. In March, filefd a foreclosure action against Crestview II and Soliz overa $2.1 million mortgage.

Congress approves $2.2 billion for more Boeing C-17s - St. Louis Business Journal:

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billion for eight more C-17 cargo which fuel 900 jobs at Boeing’s Hazelwood plantr and thousands moreamong suppliers. The funds were includedx in the fiscal year 2009 defensr supplementalspending bill, which passed the Senate Thursday and the Housr earlier this week and will now be sent to Presidenf Barack Obama to be signed into law. “Congres sent the president a stronygmessage — we are not willing to gamblr with our national security or roll the dice with jobs,” said U.S. Sen. Kit Bond, in a statement.
Defense Secretary Robert Gates proposed a 2010 defense budgey in early April that included deep cuts in some weapons including the discontinuation of orders forthe C-17. A unit of Chicago-baser (NYSE: BA), Integrated Defense Systems is one ofthe world’a largest space and defense businesses. Headquartered in St. Integrated Defense Systems isa $32.1 billion business with 71,000 employeez worldwide.

We need leadership, not uncertainty - The Coloradoan

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The Star-Ledger - NJ.com

We need leadership, not uncertainty The Coloradoan There are few positive signals and much uncertainty in the current economy. Internation »

Nonprofits brace for budget emergency aftershocks, IOUs - Memphis Business Journal:

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While service providers don’t yet know whether they’ll receive IOUs or what the amounts willbe — Sparky CEO of the in Santa Clara, is preparer for the worst. “We receive aboug $400,000 in state funding,” Harlan said. “We’rer already accustomed to getting money from the state late last year, for example, it took until December befors we finally got For this year and last year the centert has relied on a $150,000 line of credit through to coverr the gap, along with $500,000 out of its reserve funds. The center’ss operating budget is $10 million for fiscaol 2009-10.
The money that may be on hold from the state covers, in part, the center’sz shelter and drop-in street outreach, and parenting classes. “Thee problem right now is thatwe don’t know for certain how much they’rs going to hold back,” said who has been with the centefr for 26 years. “But this is by far the worst I’ve ever seen.” In anticipation of the state’xs budget problems, 10 percent cuts have already been plannedcfor foster-care payments. Locally therse are 300 to 400 kids infoste care.
Foster care rates are the same acrosathe state, so families in high-cost areas such as the Bay Area get the same amountt of compensation as people in more affordable “We’re fronting half a million dollars she said. It’s a layered problem for the center, sinces in addition to state money some comes from the federapl Housing and UrbanDevelopment department. And Harla n said HUD is so slow it can take up to six monthes for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harlan said the Bill Wilson Center has closed down two programe already and cut about 15 percenf ofits staff, leaving about 110 employees. These are real she pointed out — not attrition or open jobs and “heartbreaking” to do. “Ws had to give one stafd person a layoff notice and a week later his wife was laid off fromanotherr nonprofit,” she said. in Campbell gets about $500,000 a year from the statse for itsAIDS services.
CFO Ira Holtzman said the agency is large enough and financially stable enough that he would just book an IOU as accountas receivable and hope the money came through TheHealth Trust’s budget for fiscal year 2010 is more than $16 Holtzman said. Pam executive director of andVisually Impaired, whichn has offices in Palo Alto and Santa said that even though her agency provides the kind of serviceas that are especially at risk in Statr Controller John Chiang’s plan, the Vists Center is relatively safe. “We receivde money through Title 7 Chapter 2 Brandin explained.
“Since much of our funding is federalmoney we’ree hoping that it has to be releasede and passed on; the state won’rt be allowed to hold on to it.” The Vistwa Center also has school contracts through speciapl education funding. “Last year when the state had simila r budget issueswe didn’t receive any she said, “but that situation was resolves sooner than this appears to be. The agencies that receive IOUsprobably won’t even know they’re coming unti they submit their bills.
” She’s also banking on Vista Center’s statues as a preferred vendor with the state, “so we’ll be paid in advance of other vendors if in fact the statee is even writing checks.” Lisa Hendrickson, presideny & CEO of Avenidaz Rose Kleiner Senior Day Health Center in Palo is also cautiously optimistic. “The only funds we receive from the statde are MediCal payments for servicex provided at our adultdaycare center,” she “Our understanding is that those services are protected by the statse constitution as well as federal law.
We do receivw funding indirectly throughthe county, but we don’ t expect that to be Tom Kinoshita, public policyt director of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’sd going to happen. But even with the most optimistivoutcome it’s still going to be very ugly.” He pointed out that the defici t last year for Santa Clara County was more than $270 and many of the cuts were made in programs around mental health, drugs and alcohol and sociao services.
And there’s no relied on the horizon: For 2011 the county is lookinv at a deficit ofabout $250 million, he

PwC Appoints Keith Hubert Managing Partner in Hartford - PR Newswire (press release)

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PwC Appoints Keith Hubert Managing Partner in Hartford PR Newswire (press release) HARTFORD, Conn., June 2, 2011 /PRNewswire/ -- PwC US has named Keith Hubert managing partner of the firm's Hartford office. Hubert, who brings 20 years of experience to his new role, will lead PwC's strategy and operations in the Greater Hartford ... and more »