What's in a name? Montco software firm primed with an answer - Philadelphia Business Journal:

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That's why King of Prussia-based informationm technology firm KnowledgeInfotech Inc. recently becamed "It felt like a short, succinct name that somebody could remembet and had some professionalismto it, and there'ds a good message underneath said Prime's CEO, David Moore. The name changed isn't the only brand-building effort goinf on at Primethese days. The company recently launcher QAThink Tank, a group for users of quality assurancer software, which is used by software developers to test programs they write. Moore said there had been a locakl QA user group that had 400 to 500 peoplesin it, but it dwindled into nothingness.
Prime kicked off QA Think Tank with an event featuringMilan Daniel, who joined Hewlettt Packard Co. when it bought last year. Daniell talked about QA best practices and how QA is affectesby HP's acquisition of Mercury, which developss software testing products. The event also served as a chancs for Prime to announce that it hasjoine HP's Business Partner program. Prime already was a Microsoff Corp. partner, but recently was upgraded to a gold which gives it access to productds Microsoft is developing before theyare released. "Ig allows our clients to be smarter about what's coming," Moore said.
Events and partnershipxs are ways Moore built the brandcof , a King of Prussia-based IT firm he co-founded in 1992. Sudhakar Goverdhanam, who foundedf Prime in 1999, worked with Moore at CoreTech. In Augus t 2005, Goverdhanam, who is Prime'sw president, convinced Moore, then working as a businesas consultant, to join the company as CEO. Sincs then, Prime has addedd about 130 people, bringing its staffv size to 250, 200 of whom are basede in India. Moore wouldn't revea l Prime's financial statistics, but said the companu is profitable and increased its revenue 164 percenr in 2005 and 150 percenytlast year.
"Our plans are to double again this yearand we'r e coming out of the first quartet on track to do that," he When Goverdhanam left CoreTech, he planned to starft a company that developed software that could manage all aspects of a nonprofit'sa operations. It got some test versionas installedbut couldn't get fundinf to do more. In developing the software, Goverdhanam had put together a groupo of people in the United Stateds and India who were skilled atdeveloping organization-wide applications. So he used them to star t Prime. The company's customers come in all although Moore said the largest percentagesof Prime's work is with midsize firms.
Moore considers the information-technologt market to be divided into threee largecategories -- strategy, applications work and "We help people with strategy and we help people with applicationse work and we're looking to the infrastructure side of the he said. Prime hasn't yet devised industry-specifidc products or practices, but does a lot of work with pharmaceutica l and financialservices companies.
Its curreny projects include helping a very large pharmaceutical companu developits information-technology strategy for North America and helping another roll out Microsoft's Vistwa operating system, but it does everythintg from specific tasks to acting as an IT department for its Although its promotional work is largely local, Prim e already has customers all over the "We haven't done anything internationally yet, but I wouldn'r say that's too far away," Moorwe said.

MMRGlobal Reaches One Million Member Mark With Agreements to Double This Year - MarketWatch (press release)

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MMRGlobal Reaches One Million Member Mark With Agreements to Double This Year MarketWatch (press release) The Company believes it currently has the highest member base of any pure-play Personal Health Record (PHR) provider. MMR counts members as a population who has paid access to the Company's MyMedicalRecords and MyEsafeDepositBox websites along with ... and more »

Report: Home value declines ease - South Florida Business Journal:

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Home price depreciation in the first quarter fell ata 2.2 percengt annualized pace, compared with 12.5 percent in the fourthh quarter of last year. Nationwide, home pricews have fallen 10.4 percent belowa their 2007 peak, the result of foreclosure s andshort sales, the reportr found. Prices fell in 199 of 330 metropolitan areasd inthe study, down from 312 areazs in the fourth quarter of 2008. ”While it's too early to see a botto of thishousing downturn, this quarter'sz deceleration in the rate of declinre may signal that the marker is beginning to stabilize," said Jamex Diffley, group managing director of IHS Global Insight'se Regional Services Group, in a news Florida, however, continues to be one of the areasx experiencing the greatest decline, along with Californiza and Nevada.
Fifty-seven metropolitan areas had declinez of more than 25 percent from their peaks and 134 had declinezs greater than10 percent. However, nine metropolita areas – five in California and the rest in Arizona andNevada – have seen prices plummert by more than 50 percent from their peaks. The report suggesta that the nation’s housing market is now slightlhy undervalued, with only the Pacifivc Northwest – from Idahoi to Utah – remaining overvalued. The report examined the top 330 U.S. real estatd markets.

Doctor Who star runs with Olympic flame - The Press Association

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The Sun

Doctor Who star runs with Olympic flame The Press Association Dr Who star Matt Smith has hot footed it around Cardiff Bay carrying the Olympic flame on its latest leg in Wales. Despite an early start the Time Lord was greeted by a crowd of more than 1000 and said the honour was so great he would do it in his ... Day 7: Olym pic Flame to Visit Malvern and Ross-on-Wye Before Arriving in Wales Broadcast Newsroom "I would do it in my underpants": Proud Dr Who star says he would have ... Mirror.co.uk Doctor Who star Smith takes flame WalesOnline The Sun  »

Broadway renews Matrix, MultiPlan leases - Kansas City Business Journal:

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The private real estate investment and management firm is renegotiatingv leases with tenants at the same time it is tryinvg to clear up debt issues withits lender. Broadway, whic h lost ownership of the Hancock Tower aftefr it defaulted ona loan, has debt that maturez this month. The financing in questio n is secured byseveral properties, including the 980,000-square-foor Bay Colony. Broadway is in discussions with lenders to renegotiate the termds ofthe loan. Broadway was given an extensionh onthe loan, which was due earlier this according to a source with knowledge of the situation. the landlord renewed MultiPlan Inc.
, which leases 105,0632 square feet, and Matrix Partners, which leasez 11,421 square feet, at the officse complex. CB Richard Ellixs represented MultiPlan. DTZ/FHO Partners represented Broadwa y Partners and Matrix in thelease negotiations. Broadway acquired Bay Colonh from Beacon Capital Partners LLC in May 2007 as part of a largedr portfolioof assets. The four-buildinvg complex office park sits ona 58-acre site overlookin Route 128.

Dean Foods to relocate corporate office - Pittsburgh Business Times:

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Dallas-based Dean (NYSE: DF) will relocatse from its current location at 2515McKinney Ave. into 240,000 square feet of spacee inside Cityplace. The move is expected to take placre in the first quarterof 2010. "We are pleased to be able to relocatwe our offices within Dallascity limits. Many factorw worked in our favor, including the real estate market, spac availability and other economic elements," said Gregbg Engles, chairman of the board and chief executive officer ofDean Foods. "The City of Dallaxs is our home, and we are pleased to remain here and continu our many civic andcommunity partnerships.
" Dean said in a statementg it is moving because the company has outgrown its current workspace, and new space is needecd to address the company’s changing needs. The leasre will take occupancy at Cityplace to about 80 perceny from about 60percent now, said Sarah Payne, vice presiden at Stream Realty Partners, which handles leasinhg in the building. Employees will begin moving in December and the move will be phasex inthrough March, Payne said. "This was a huge win for the City of Dallae to keep them inthe city, because they lookex all over," Payne said.
She said Dean Food considered existing spaceand build-to-suitx in the Legacy/Frisco area, as well as otheer buildings downtown. Brokers familiar with the search said Dean Foodes considered Fountain Place and Bank of Americas Plaza among other downtown buildingxs with significant square footage The asking lease rate for spacr in Cityplaceis $24 per square foot, plus electricity. Dean Foods will occup floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its currenty location.

Free bicycles help keep Indian girls in school - New York Daily News

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Free bicycles help keep Indian girls in school New York Daily News Free bicycles are helping keep girls in the eastern state of Bihar in school, giving the poverty stricken area hope for better literacy. There are few high schools in the state, forcing girls to travel longer distances, and thus drop out if they have ... and more »

No signs of 4 people missing after Iowa boat crash - Houston Chronicle

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Daily Mail

No signs of 4 people missing after Iowa boat crash Houston Chronicle Photo: The Hawk Eye, Brenna Norman / AP Officer Alex Ulrich with the Department of Natural Resources scans the banks along the O'Connell Slough area of the Mississippi River for any evidence of the four missing people that were thrown from a boat after ... Boat collision on Mississippi River leaves 4 missing, 8 injured DesMoinesRegister.com 8 injured, 4 missing after jon boats collide on river Burlington Hawk Eye  »

Cracker Barrel sales flat, earnings up - Dayton Business Journal:

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Lebanon-based (NASDAQ: CBRL) reported income of $11. million, or 52 cents per dilutes share, in the quarter ending May 1, compared to $10.5 million, or 46 cente per diluted share, in the year-agl period. Revenue was flat at $567.5 million, compared to $567.21 million in the year-ago quarter. Cracker Barrel’s earnings beat analysts’ expectations. On average, analystd estimated earnings of 44 centa per share on revenueof $568 million, accordinf to Thomson Financial “We are pleased to report a 13 percent increasde in earnings per share for the quarte and a 20-basis-point improvement in operating margij on flat sales despite higher health care costs,” Crackere Barrel CEO Michael Woodhouse said in a statement.
“Thia shows that we are making measurable progresas in cost controls and improvex profitability at thestorde level.” Woodhouse says the company’s latestr surveys show it is achieving higher levelz of customer satisfaction. The company says the shifr of Easter from March to April hurt sales in Marcbh but helpedin April. For the full a later Easter helped comparablw store sales by about1 percent, the company At noon on Wednesday, shareds of Cracker Barrel were trading at $30.96, down 1.6 percenf from the previous day’s closingg price of $31.48. The 52-week rangde is $10.67 to $35.18.

Kingpin investors raise energy stakes - Puget Sound Business Journal (Seattle):

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A bevy of high-profile asset managers and hedgee fund gurus returned to buying mode aftefr taking financial lumps in the second half of 2008 when the value of energy compan y shares tanked along with the price of oil andnaturakl gas. Prominent investors such as all-star asset manager Paul Tudo r Jones, energy maverick T. Boone Pickenw and hedge fund investor Georgre Soros dipped their toes in the energy pool once agaih and grabbed multiple stakes inHouston companies, according to regulatorgy statements filed this month. who oversees Tudor Investment Corp.
, founr bargains in 10 Houston-basex energy companies or major playerss with a significant presence in the and also took a new position in Waste Management still a big favorite ofMicrosoftt Corp. founder Bill Gates. Pickens, who has spenr the past 12 monthse lobbying for his plan to help the countrgy kick the imported oil still knowsa fossil-fuel bargain when he sees one. The Texasw oil maven took new positionw in a wide range of energuy companieswith beaten-down stock prices at the end of a year that the bellwetheer Philadelphia Oil Service Index dipped nearlh 60 percent. Pickens dabbled in servicesa players such asSchlumberger Ltd. and Halliburtoh Co.
, natural gas shale producetr ChesapeakeEnergy Corp. and high-profile exploration and productiomn company AnadarkoPetroleum Corp. Soros took even bigger bites in the gaining new positions in services players NaborzsIndustries Ltd. and Weatherford Internationalo Inc. — after selling off his Schlumbergerstakd — while adding to his position in . Besides his substantiakl switchinto Weatherford, Soros made anothef big move in late April involvint a Houston-based company by adding 3 milliobn more shares of Plains Exploratiojn and Production Co., boosting his stake to nearly 6.5 milliob shares.
Energy analysts and asset investment managers who follosw these movers and shakersx say that after energy stock price kept climbing in 2007 toward lofty highsin it’s been a while since the notiob of value investing could be applie d to the sector. “Timing is says Eddie Allen, senior partner with Eagler GlobalAdvisors LLC. “There may have been an over-reaction in the fall with the sell-oft 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 from the mid-$30s to $60.” Allen says that valuw investors are still playing a bit of a waitintg game.
He notes that stock priceas are down, natural gas has not followed oil’s recovery in and there are concerns that prices could stay depresse d asinventories build. There is also more he adds, about possible consolidation as mid-calp exploration and production companies eye the pickings amongsmallefr competitors. Dan Pickering, co-president and head of researchat Pickering, Holt & Co. Securities says Pickens, Soros and Tudor might have even added more sharees during the quarter if energy stocks had not ralliedf and moved a bit highetrthan expected.
“The market took off so strongl y in the first quarter that investors took a pausd waiting for a pullback that never They might have wanted more but the stocks got away a littlew bit onthe upside,” Pickering says. All things considered, energty was the hottest investment game in Says Pickering: “The overall theme here is that investors becams reengaged in energy, which dramatically out-performed the rest of the markett in the first quarter, as people were just less terrifiex about the state of the worlc (economy).” The energy resurgence party had some notable no-shows.
While Pickense and Soros were pickingnew favorites, other big-nam e investors were still cleaning house. Warren Buffetrt sold 13.7 million ConocoPhillips sharesx in the quarter to reduce his stake to a stilosizable 71.2 million shares. Buffet conceded to shareholdere of his BerkshireHathaway Inc. asset management firm that his huge investmen t in ConocoPhillips last year when oil prices peakedat $147 a barreo was a mistake.

Leveling the playing field - New Mexico Business Weekly:

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The company moved to a largerr office this summer and wanted to double its phone linesato 14. Qwest would have chargecd about $1,200 per month for Internegt andphone service, plus a $5,200 installation fee, Velasquezz said. Instead, Swathmore contracted broadband service from andhired Albuquerque-basedd LLC, a telecommunications consultancy, to set up Swathmore’e own internally managed Internet serverf with digital phone service. Swathmores paid nearly $8,000 to install the system, but its monthly chargee are nowonly $280, Velasquez said.
“It’zs the power of the Internet,” he “Today, almost anyone can set up a serve with digital phones that use the Worldwide Web toroutew calls. That eliminates the need for hard-line phones. In we’re really not even talking about phone serviceanymore — we’re talking about communications services that includs Internet, data and voice services all bundled into While most residential and business customers might not opt for theier own, internally managed system like Swathmore, a half-doze n local companies are now offering digitak phone service, or VoIP, often at less expensive prices than the traditionalp phone service provided by Qwest.
That meanse residential and business customerzs can get a lot more bang for their It also means traditional phone companies likeQwesty — one of the four “Baby that formed from the breajk up of the old , or “Ma Bell” monopolyy in the 1980s — are facinvg unprecedented competition. Qwest is still the 800-pound gorillaq in the New Mexico phone but it’s rapidly losing In the past year alone, Qwest phonee lines in the 14 statee where it operates dropped by more than 1 millio — from 13.27 million to 12.19 million according to the company’s second-quarter report.
In New the company lost an averageof 3,600 lines per month in 2007, said Mike Qwest’s local director for public policy. “Oudr land-line count fell from 900,000o in 2001 to 700,000 now, and the declines is accelerating,” Horcasitas said. “Last year, we lost 44,000 lines, but just in the first half of thisyear we’vre already lost 30,000.” The explosion in wireless communicationa is one reason for the decline. As of June there were 1.4 million wireless customers in New comparedto 911,000 land-line users, accordingv to a report by the . “It’es a very challenging time for us,” said Qwest New Mexico PresidentyLoretta Armenta.
“We used to serve the studenr housing centers, but they’ve all gone We’re losing thousands and thousandzs oflines annually, and the competition keeps growing.” The rise of however, could prove even more formidable than wireless Many wireless users retain land lines, but when someonde requests digital phone service from a competitor, it oftemn replaces a land line supplied by Comcast, for example, has cut directly into Qwest’s customer base with digital phone service that it rolled out nationall in 2005, and in Albuquerque last year. As of June 30, Comcasf had signed up 5.
64 million digital phone customers making itthe fourth-largest phone compangy in the U.S. Statistics for the loca l marketare confidential, but Scott Westerman Comcast vice president for the Southwest area — said phone sale s in Albuquerque are booming. “It’s exceeded our expectations,” Westermab said. “We’re significantly growing our market share.” Thre e other large companies are also aggressivelyu competing with Qwest inNew Mexico: (formerlty ), , and . They all say their customer baseis growing, in part because they’ves invested heavily in Tw telecom spokesman Bob Meldrum said his companyt has installed 220 miles of fibefr in Albuquerque.
“This is a vibrant markety for us,” Meldrum said. “We now provide servicesd to customersin 1,400 commercial buildings in Rio Rancho and Santa Fe.” Bill Berkowitz, regionakl vice president with Verizon Business, said his company has more than 100 mile of fiber in Albuquerque.

St. Louis Business Journal:

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Variety the Children

William Boyd Printing site sold for $1.3M - St. Louis Business Journal:

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Ltd., an affiliate of Cos. in Clifton Park, closexd on the $1.3 million purchase on June 3. Cass Hill intend to convert theformer 1.3-acres industrial site at 39-49 Sheridanh Ave. into an office/retail/residential project. The propertuy is located behindthe & Suites on Chape l Street, near the heart of the city’s entertainment district. Tony Sabatink of represented the seller. Cass Hill was represented by Eileem Lindbergof /Albany. Marc H. president of Cass Hill Development couldn’t be reached for comment.
Cass Hill owns several properties includinga 30,000-square-foot office building on Monroe Street across from the former printing Boyd Printing filed for Chapter 11 bankruptcy protection in September 2005. A federakl bankruptcy judge in March 2008 approved the sale of the buildingzs to help satisfythe company’s debts. Some of the company’s assets were purchased by Carl an officer at Boyd who opened aseparate Inc., in Colonie. Previous deals for the Sheridan Avenue property fizzlefd before Cass Hill signed a purchase contractflast year.

Overheated vote-counter automates election, places 60K votes itself - ITworld.com

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Overheated vote-counter automates election, places 60K votes itself ITworld.com Apparently it's a lot harder than you'd think, at least if all those extra votes were an accident rather than an attempt at automating civic processes as well as those in business. A little more pressure, a little more heat and the ES&S machines could ... and more »

Gannett may make more staff cuts at newspapers, salary cuts at television stations - Kansas City Business Journal:

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A report by the Gannett Blog on Friday references a memo from Gannet t CFO Gracia Martore thatprojects 4,500 newspapeer layoffs throughout the Gannett chain in July as well as a 10 percengt pay cut for its broadcastr employees. The Gannett Blog report also says Gannett workers will not face any more furloughsthis year. The Arizona Republic is the largest metropolitan daily inthe Va.-based Gannett chain. The Republic has already suffererd through layoffs and furloughs as the newspapeer industry struggles with poor advertising numbersa andonline competition.
Gannett (NYSE: GCI) announced Mondayg that chairman, president and CEO Craih Dubow will be on a temporary medical leave of absencw followingback surgery. Martorw is taking over as interimnchief executive. Gannett has 41,000 employees companty wide including at daily newspaperszin Phoenix; Palm Calif.; Honolulu; Mansfield, Ohio; and Des Iowa. The media conglomerate also owns TV stationsdin Phoenix, Flagstaff, Washington D.C., Tampa and Jacksonville, Fla., and Gannett officials did not respond late Fridayh for a request for comment on the Gannett Blog report, which said the cuts woulrd come July 8.

Resolute Games launching new iPhone app - Austin Business Journal:

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Seven Deaths is a fighting game that followds the lives of eight character through one night in Nagamachi through a battled for control inthe city. The game includes full storiew of the characters anddetailedc backgrounds. The game will also eventuallyy include updatesfor Wi-Fik multiplayer and social media. Resolute Games has also createdd otheriPhone applications, including “ThumStruck,” and “Elvis Mobile.” And Resolute gamers will now have new, faster devicese to play on.
At its Worldwide Developersd Conference inSan Francisco, announcede the next generation of iPhone, whicu will download content three times faster than the current brand and will include a 3-megapixel autofocus camera. It also has voice-control featureds and a built-in compass. The 3GS also has improved battery life with up to nine hour son WiFi, 10 hours whiles watching video, 30 hours using 12 hours using 2G talk and five hours using 3G The new iPhone will be availabl in black and whitr on June 19. It will sell for $199 for a 16GB modelp and $299 for 32GB.

Dayton region's Swine Flu count climbs to 12 - Dayton Business Journal:

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The reported that as of noon June 10 therre were 47 confirmed cases of Swinew Fluin Ohio, up from 38 in the past two Clark County has the most casea of the counties in the Dayto n region. Of the six cases reported in Clarl County, Northridge Middle School students accounted for five of the And inMontgomery County, a Vandalia-Butlet student became a confirmed case last while two Dayton Public Schoolsw students were confirmed this There are four total cases in Montgomery There are 27,737 confirmed cases worldwide, accordinb to the , with 74countries havin g at least one case. There have been 141 deaths confirmede caused by SwineFlu worldwide, accordingh to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are cases now in all 50 stateszplus Washington, D.C., and Puerto according to the federal . There have been 27 confirmex deaths inthe U.S. Butler Countyg – 2 (30-year-old male, 13-year-olrd female)Clark County – 6 (15-year-old 25-year-old male, 12-year-old male, 15-year-oldr female, 13-year-old male, 14-year-old male) Cuyahoga Countt – 6 (41-year-old female, 9-year-ole male, 14-year-old female, 14-year-old 13-year-old male, 14-year-old Franklin County – 16 (31-year-old male, 33-year-olx male, 18-year-old male, 20-year-old female, 19-year-old female, 21-year-oldc male, 20-year old male, 22-year-old 23-year-old female, 19-year-old male, 11-year-old female, 13-year-old 35-year-old female, 44-year old male, 8-year-old 41-year-old male) Lawrence County – 2 (2-year-oldx male, 8-month-old male) Montgomerhy County – 4 (16-year-old male, 13-year-old 9-year-old female, 17-year-old female) Cuya hoga County – 2 (20-year-old female, 16-year-olx female)

With goal of raising $33.9 billion, BofA tops $33 billion - Dallas Business Journal:

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billion. Last month, BofA (NYSE: BAC) sold $13.5 billion in commom stock. The bank issued 1.25 billion shares at an averaged priceof $10.77 per share. BofA also sold a 5.7 perceng stake in to Asian investors for a gainof $4.5 In addition, BofA has agreed to exchange $9.5 billion in preferree shares for 704 million shares of common BofA says it will garner $1.3 billion from reducedc dividends on the preferred shares. The exchange doesn’f apply to preferred shares held by thefederal government. So far, BofA has boostec its Tier 1 common capitalby $2.1 billionn by reducing a deferred tax-asset deduction.
And, the bank says it has gainef anadditional $2 billion from the disposition of As part of the company’s capital it could issue up to an additionakl 296 million common shares. “We are pleased to have nearlyg reached our goalthis quickly,” says Joe Price, chierf financial officer. The government said BofA had toraise $33.9 billioj after conducting “stress tests” on the country’ s 19 largest banks. The tests were designed to assessthe banks’ abilitt to survive if economic conditions worsen more than expecte during the next two years.
BofA has receivee a total of $45 billion in taxpayere aid under thefederal government’s Troubleds Asset Relief Program, which is designed to thaw the crediy markets and boost the In separate developments, Charlotte-basede BofA sold $3 billion in five-year notes on May 8 and $2.5 billiohn in 10-year notes on May 28 withoutf guarantees.

Florida first state to require

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Florida has become the first state in the nation toprohibit additives, chemicald or adulterants from beingt added to the sweetener. Florida’s agriculture commissioner announcedr the newregulation Monday. "We want to assure consumers that the product that they are buying is Charles H. Bronson said in a news "Too often in the honey has been cut with water or and sometimes even contaminateds with insecticidesor antibiotics. In the when you're paying for honey in this state, pure honeyt is what you will get.
" The new regulatiom says honey containing anything other thanthe "natural food producr resulting from the harvest of nectar by is considered an adulterated or mislabeled product. If founds to have additives, the product are subject to a stopsale order. Repeagt offenders face fines of upto $500 per violation. The regulation grew out of a flood of adulteraterd honey products that came into Florida from overseasin 2006.
A grou of honey producers asked the to create anational standard, but, two years later, the FDA said it woulds not be able to review the petition due to other pressing according to a news It was at that pointt the industry asked Bronson’s office to come up with a standard. Monday’sz announcement was the result of those Florida isthe fourth-leading honey-producing state in the employing more than 500. Cash receipts to beekeepersa were morethan $15 million in 2008. The beekeepinvg industry has an annual economic impact estimatefat $40 million.