Boatmaker Genmar files Chapter 11 - Minneapolis / St. Paul Business Journal:

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The petition to reorganize its debts was filed Monday afternoonin U.S. Bankruptcy Courtt in Minneapolis along with more than 20related subsidiaries. Genmar has between 100 and 199 It lists its assets in the rageof $10 million to $50 milliom and its liabilities between $100 million and $500 according to court documents. The largest unsecured creditorsare Edelman, Borman, Brand, a Minneapolis-based law firm which is owed , a law firm in Minneapolis, is owed Law firm in Minneapolis, is representingb Genmar in the bankruptcy case. The only securedf creditors areand , according to a story in the Minneapolias Star Tribune .
Genmar said it has receive commitment fora debtor-in-possessiomn (DIP) financing proposal from both In a statement, Genmar Chairman, CEO and largesyt shareholder Irwin Jacobs said sales of the company’zs fishing boats, luxury yachts and other productxs started to decline in 2008, but worsened in recentt months. The company’s sales in fiscal which ends in June, are likely to be abougt $460 million, off by more than 50 percentt fromfiscal 2008. “If someone would have said to me as recentluy as even one monthu ago that Genmar woulcd someday be filing forChapter 11, I would have said it was not even a remotde possibility,” Jacobs said.
Genmar had been makingy some strategy changes inrecent months, . A spinofft company, Greenville, Pa.-based , and othefr Jacobs-related companies aren’t included in the VEC for energy-generating windmills.

Distribution of white students - Business First of Buffalo:

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• 1. Wyoming, 100.00% • 2. Panama, 99.57% 3. Belfast, 99.52% • 4. Ripley, 99.19 • 5. Letchworth, 98.94% • 6. Genesee Valley, 98.69% • 7. 98.64% • 8. Alexander, 98.57% • 9. 98.47% • 10. Attica, 98.45% • 11. 98.23% • 12. Holland, 98.22% 13. Franklinville, 98.20% • 14. 98.16% • 15. Fillmore, 98.02% 16. Starpoint, 97.93% • 17. 97.91% • 18. Eden, 97.90% • 18. 97.90% • 20. 97.85% • 21. East 97.59% • 22. Yorkshire-Pioneer, 97.47% • 23. 97.46% • 24. Wilson, 97.31% • 25. 97.12% • 26. 97.08% • 27. 97.01% • 28. Scio, 96.98% 29. Portville, 96.95% • 30.
Bolivar-Richburg, 96.93 • 31. Springville-Griffith Institute, 96.79% • 32. West Valley, 96.78 • 33. Hamburg, 96.75% • 34. Cassadaga Valley, 96.70% • 35. Canaseraga, 96.67%% • 36. Cuba-Rushford, 96.62% • 37. Bemuws Point, 96.59% • 38. 96.57% • 39. Royalton-Hartland, 96.49% • 40. Pine Valley, 96.45%% • 41. Alfred-Almond, 96.24% • 42. 96.11% • 43. Ellicottville, 96.07% • 44. 95.95% • 45. Orchard Park, 95.94% • 46. Byron-Bergen, 95.89% • 47. Frontier, 95.73 • 48. Cheektowaga-Sloan, 95.70% • 48. Lewiston-Porter, 95.70%% • 50. Newfane, 95.63% • 51. 95.47% • 52. Forestville, 95.
33% • 53. Cattaraugus-Little Valley, 95.29% • 53. Pavilion, 95.29% • 55. Chautauqua Lake, 95.24% • 56. West Seneca, 95.19% • 57. Depew, 95.16% 58. Friendship, 95.14% • 59. Westfield, 95.02% • 60. North Tonawanda, 94.57% • 61. Southwestern, 94.51% • 62. Clarence, 94.39 • 63. North Collins, 94.23% • 64. LeRoy, 94.15% • 65. Oakfield-Alabama, 93.77% • 66. Grandd Island, 93.61% • 67. Brocton, 93.59% • 68. 93.34% • 69. Lyndonville, 92.91% • 70. Kendall, 92.28% • 71. Holley, 92.21% • 72. 92.13% • 73. Cheektowaga-Maryvale, 91.99 % • 74. Kenmore-Tonawanda, 90.66% • 75. Barker, 89.
29 % • 76. Akron, 88.54% • 77. 87.59% • 78. 87.49% • 79. 86.78% • 80. Olean, 86.40% • 81. 85.77% • 82. Elba, 84.71 % • 83. Silver Creek, 82.68% • 84. Albion, 82.61% 85. Lockport, 81.90% • 86. Batavia, 81.39 • 87. Jamestown, 79.94% • 88. Falconer, 78.53% • 89. Amherst, 77.64% • 90. Sweey Home, 76.58% • 91. Gowanda, 70.58% • 92. Cheektowaga, 68.85 • 93. Lackawanna, 67.58% • 94. Clevelan Hill, 64.65% • 95. Salamanca, 62.25% • 96. Niagara Falls, 55.59% • 97. Dunkirk, 48.64% 98. Buffalo, 25.
21%

Penske losing Big Lots logistics contract - Atlanta Business Chronicle:

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is packing up this summer at thediscounf retailer’s headquarters and four other distribution facilitiew after the merchant opted to not renew a logisticzs contract that expires in July. The Pa.-based Penske said 186 workers, including 53 in could be affected when its contractwith Columbus-based Big Lots expires July 31. Penske spokesman Randy Ryerson said the company has worked with the retailersinc 1991. The 1,300-store Big Lots has chosem a new third-party logistics provider to continue the warehousintg and distribution work that Penske performed atthe retailer’x Phillipi Road headquarters and its distribution centers in Pa; Montgomery, Ala.; Rancho Calif.
; and Durant, Timothy Johnson, Big vice president of strategic planning and investor relations, said more than a dozen carriers bid for the work. He declined to disclos e the company Big Lots selected to succeed Big Lots and Penske representativessaid they’rer working with truck drivers looking to continuwe work under the new logisticsa provider. Johnson said the compan y met with workers over the weekenr to introduce thenew contractor. In the event that some workersware cut, Ryerson said privately held Penskr will work with the state “too make sure employees are aware of different services.” Penskw employs about 20,000 workers worldwide.
Asked why Big Lots optec to bid for a new contractor after thelatest five-year contracft with Penske, Johnson said, “aa lot has changed in transportation in the past five We owed it to our associateds and shareholders to take a fresh look at how we handld outbound transport.” The loss of the Big Lots contract comes less than a year after Penske was replacedx at a warehouse in Lockbourne. Tenn.-based last fall stepped in at the where Penske had employed146 workers. Penske has 400 logisticds centers worldwide. Its Central Ohio operations includes a number of distribution and warehousint facilities inthe region.

National Zoo says $1.4 million gift keeps popular Kids Farm open after plans ... - Washington Post

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WJLA

National Zoo says $1.4 million gift keeps popular Kids Farm open after plans ... Washington Post By AP, WASHINGTON â€" State Farm Insurance is announcing a $1.4 million gift to the National Zoo to keep the popular Kids Farm exhibit open in Washington. A Nigerian dwarf goat named Lucy helped announce the gift Wednesday by unveiling a sign on the ... Sponsor to keep Kids Farm open at National Zoo Newsday (subscription)  »

United Way records delayed - Charlotte Business Journal:

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The volume of the expenser reports, and the complexity of preparing are greaterthan anticipated, United Way lawyer Russelkl Sizemore says in a letter to the local news media. That has causer a delay in the released ofthe information, which had been slatedx for early this month. “The simple point is that the agencgy needs more time to assemble these recordsz and share them with the boarsd to allow for proper reviewbefore production,” Sizemore He says the information should be released by the end of the Controversy arose during the summer over King’x pay and benefits following news reportsz that United Way had paid her $1.2 million in 2007.
A publicf outcry prompted the board to reconsider her The board ousted Kingon Aug. 26, asking her to She didn’t resign, and the board ended her employment with theorganization Oct. 1. The organizationh relies on donations to fund nonprofitz in theCharlotte region. In December, Unitefd Way Chair Carlos Evanws said he wantedthe nonprofit’s boarc to adopt an independenrt panel’s recommendations for tightening oversight of the organization. The reviee panel, created after King’s ouster, was headed by local attorneyyBob Sink.
Among its findings, the Sink Committer said the United Way board shouled adopt a philosophy that seekx to accommodate both the need to compete for superiorf executive talent and the limited resourced of apublic charity. The United Way board is schedulee to hold a strategicsession Jan. 15 to consideer adopting the panel’s recommendations.

Pilesgrove Township residents say new utility poles near solar installation a ... - NJ.com

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NJ.com

Pilesgrove Township residents say new utility poles near solar installation a ... NJ.com By Michael Williams/Today's Sunbeam View full sizeStaff photo by Britney LillyaNew utility poles being put into place near the new solar installation in Pilesgrove Township. PILESGROVE TWP. â€" Residents raised concerns to officials here over the ... and more »

Martek Biosciences Corp. 2Q profit rises 20 percent - St. Louis Business Journal:

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The company reported $92.4 millio n in revenue for the quarter endingApril 30, up 2 percent from the same period last It earned $11 million in net income, or 33 cent per diluted share, during the second compared with $9.2 million, or 28 cents per dilutex share, during the second quarter of last Analysts polled by expected the company to earn 29 centx per share and $89 million in Martek (NASDAQ: MATK) sells nutritional oils derive d from algae that are used in infanrt formula, dietary supplements and food productx such as yogurt and juice. Sales of its nutritiona l supplements to the nursing markeyt rose to arecord $9.8 million.
But the companyu warned that its infant formula sales in the third and fourtnh quarters could drop as retailere trim their inventories of the The company anticipates that infant formulaq revenue will grow in fiscal 2010 as a resulft of strong demand for infant formula products containing its nutritiona oils DHAand ARA. The Omega-3w fatty acids are believed to play an importanyt role in brain andeye development. study that could show that Martek’s DHA can slow the progressiohnof Alzheimer’s disease.

Washington Mystics, Exxon Mobil sign partnership - Washington Business Journal:

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Along with being the official sponsor of the Mystics Student of the Week the energygiant (NYSE:XOM) will get other sponsorship perksz such as courtside signs and online Terms of the contract were not disclosed. The Studenf of the Week program will recognize a female high schoool student who has excelled in mathor science. Each selected studenr will be honored during a Mysticsehome game, get a tour of the Lincoln Memoriap and attend a show at the Ford Theated with a Mystics player. “We are pleased to welcomwe Exxon Mobil to our corporatepartners family,” said Mystice Chief Operating Officer Greg Bibb.
“Our partnershipl with a global busines s leader such as Exxonh Mobil will allow us to honor and aid deservinv young women whoare tomorrow’s leaders in the fields of sciencer and mathematics.” The Washington Mystics’ home openerd is June 7 against the Atlanta The Washington Nationals, which play in one of the firsr professional baseball stadiums to be LEED Silverf certified by the U.S.
Greeh Building Council, has been criticized by environmental groupsx forsigning Exxon-Mobil on as a major

Kansas Health Policy Authority will cut 14 jobs - Business Courier of Cincinnati:

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According to a release, 13 staff members were informed Friday that thei jobs wouldbe eliminated, effective July 2. Authority spokesman Petert Hancock said in an intervieqw Monday that the policy directo r position also will be eliminated as executive staff positionsd are reduced from five to Barb Langner will move out of that position to served as actingMedicaid director, according to the release. Hancoc said that the authority’s operational budget has been cutby $3.5 millionj for the fiscal year that begine July 1.
According to the the authority also is reducing spending with the contractor that processee claims for payment under Medicaid and theState Children’s Health Insurancwe Program. That move is expected to save $3.6 Savings from the contract reductions are shared with thefederalk government, which funds more than half of Medicaid administrativd costs, according to the release. The authorituy is responsible for coordinating a statewide healtnh policy agenda that incorporates effectivw purchasing and administration with healthbpromotion strategies. All health insurance purchasing by the stats is combined underthe authority.
The authority also is responsiblee for compiling and distributing uniform healt h care data to provide healthcare consumers, providers and policy-makers with informationh regarding trends in the use and cost of healthy care for improved decision making.

S&P: Teleconference: Pensions: Is Retirement Becoming a Thing of the Past?

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NEW YORK, June 2 /PRNewswire/ -- Acroszs the U.S., state and local governments as well as corporations are facint mounting pressure to provide retirement benefits for their And while the leading edge of babyboomers (age 63) is set to America's retirement safety is in poor shape. Standard & Poor's currently estimates that corporate pension plans are underfundedc byabout $308 billion -- with othetr postemployment benefits (OPEBs) underfunded by more than $255 billion. Standarde & Poor's will hold a global telephone conference call on June 3, 2009 at 10:30 a.m. U.S. EDT to provided an in-depth view of pension and othetr postretirement employeebenefit (OPEB) plans.
The speakerz on the call will include , Standard Poor's Chief Economist, , Standard Poor's Senior Index analyst, and Standar & Poor's Ratings Services credit analystsJonathan Nus, , and . -- Can corporation s and governments sustain their retirement planz andOPEB liabilities? -- How are statex governing the financial operations of their OPEB plans? Do we need a more consisten t approach? -- Local governments may chart new coursexs to address rising pensiobn liabilities, such as the use of pensio obligation bonds, and have only recently uncovered thei r true OPEB costs -- will they have the resourcesa to pay these largee liabilities? -- What is the exposure of U.S.
corporate issuers to corporate pensionand multi-employer plans? -- How will currentf underfunding affect future shortages? After the speakerxs complete their presentations, they will be available for a questioj and answer session. If you have any specificv questions that you would like to be addresseed onthis teleconference, please submit an email to . This teleconferencde will be Net-enhanced with accompanying slide presentation and will be followef by aninteractive question-and-answer session. Please note that Standard Poor's offers all of its broadcas teleconference calls to all interestefd participants on acomplimentary basis. The call will begin promptluy at thetime indicated.
Please call at least 15 minutese before the scheduled start of the call to complete the pre-call registration process. Net Enhanced: This Conferencs call will allow participants to view a slide presentatiom by logginginto . The conference name is PG391829r and the Passcodeis SANDP. To view the you must have either Netscape Navigator or Microsofft Internet Explorerversion 4.x or later, and your computet must be java enabled. Replays: Recordex replays of the call are made available about an hour aftert the call concludes and are available until June 10, 2009.
Streaming Audio: The call will also be available livein "listen-only" mode at for listeners with the Real Player(TM) sound card, and speakers. The Streaming Audio playbac is availableuntil Wednesday, July 1, 2009. If you have any questionzs about theconference call, please e-mail: . Pleasse send any address correctionsvia e-mail to . Standard Poor's uses web usage, billing, and contact data collected from you for billingt and orderfulfillment purposes, for new producy development and occasionally to inform you abougt events, products or services from Standard Poor's and The McGraw-Hill Companies. The information is processedx and stored inthe U.S. and the Unitecd Kingdom.
If you woulsd prefer not to have your information shared as outlinedr inthis notice, or if you wish to revieww your information for accuracy, please contact us at . Writte requests can be sent to: Privacyg Official 47-3-4, Standard Poor's, 55 Water Street, New York, NY 10041. For more informationn please visitour .

Mississippi town is touting its Civil War heritage - MiamiHerald.com

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Mississippi town is touting its Civil War heritage MiamiHerald.com CORINTH, Miss. - Standing on the crossties at the intersection where the Memphis & Charleston Railroad and the Mobile & Ohio Railroad meet in Corinth, I shiver in the morning sun. But not from the chilly, breezy spring air, ... and more »

UPS acquires Turkish shipping contractor, expands Middle East operations - The Business Review (Albany):

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Atlanta-based UPS (NYSE: UPS) said it woulsd acquire , and would hold the majorityg stake in the new jointventure partnership. Termss of the deal were not announced. The new operatio will be basedin Dubai. The deal is expected to close within the next30 days. Unspesd Paket CEO Haluk Undeger, who has grown the companuy tobe UPS’s largest shipping contractort in Turkey, will lead the new venture and also hold a minorityg ownership stake, the company said announcing the deal.
“Thids emerging area covers trade to and from 21 countries where UPS is experiencing increased Dan Brutto, president of UPS International, said in a “We’re tapping the business acumen Halujk Undeger has shown over the past 20 years in his relationship with UPS. This joint venture will spearhead growth among our other servic agents and operations in these This part of the world has become a transportation bridge andidealk near-sourcing location for Europe, Russia and Asia.” The deal with Unspe d Paket follows UPS’s decisionb to expand service in Pakistan, Saudi Arabia and United Arab UPS and Unsped Paket have been partners sincre 1988.
UPS said the new venture will increasewthe company’s opportunities in regard to the region’s oil and naturap gas industries.