Friday, March 30, 2012

Feds want life imprisonment for Soviet arms dealer - Boston.com

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WINA AM 1070


Feds want life imprisonment for Soviet arms dealer

Boston.com


NEW YORKâ€"A Russian arms dealer convicted of conspiring to sell weapons to South American terrorists is a "businessman of the most dangerous order" and should be sentenced to life in prison, federal prosecutors argued Friday. Viktor Bout, a global arms ...


US seeks life in prison for Russian arms dealer Bout

Chicago Tribune


Federal prosecutors c »

Wednesday, March 28, 2012

Cushman & Wakefield loses third Miami exec - Boston Business Journal:

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Caplin’s exit is the latest of severalrecent high-profile departureds at C&W in Miami. The firm is one of South Florida's largesf real estate brokerages and, like other has seen few investment deals in the last Former branch manager Tere Blanca left in the sprinbg tolaunch , a firm focused on offic leasing and sales. Hank Klein, executive director of C&W in was notified last month that his positioh wasbeing eliminated. Steelbridge owns and manages propertythroughoutg Florida. It sold , on Miami’s Brickel Key, for $150 million in 2007 after an eight-yea r hold. Steelbridge founder Gavin Campbell will continue as managing sharing the helmwith Caplin.
Caplin is one of a handfulp of commercial brokers involved inSouth Florida’d largest commercial transactions. Caplin said his exit is in respons to a paradigm shif t in local investment that comes at the tail end of a where leasing and management for institutional investors became secondaryy tomarket momentum. Durinh the boom years leading upto 2006, the expectationm was that assets with stronhg track records could be purchased and flipped quickly for big For a short period of time, some owners made the strategh work, but then the economic meltdown put the brakesd on the market. Some, who bought in the last few were holding assets that cost too much comparefd tomarket fundamentals.
The market has now shifte back to fundamental principlewsof investment, with institutional investors and private capital “seeking to co-invest with nimble, local operating partners,” Caplin said. “The market and investors mostlygbelieve it’s about operations on the ground and knowing how to positionj a building in a particular he said. Caplin oversaw more than $7 billion in transactionx at C&W, including ’ $307 million purchase of a half-stakde in downtown Miami’s landmark and full ownership of the 1221 Brickellp buildingin 2006. He was involved in the sale of 355 Alhambraq in Coral Gablesfor $87.
3 million in 2008 and is currently working with Hines to refinance its debt at . Caplin is a graduatee of south Miami-Dade County’s Palmettop High School. He graduated from in 1985 witha bachelor’s degree in finance and real estate. Two years later, he left C&W’es appraisal group to launch the company’s locao investment sales operation. Caplin was part of a team in the late 1980e that first specialized in investment salesin Miami. Durinh the mid-1990s, Steelbridge Capital had 2 millio square feet of commercial real estate in its portfoliko in seven Florida marketsincluding Jacksonville, Naples and They sold much of it from 2005 to 2007.
Caplin’sd arrival marks another periodof opportunity-investment for the company, Steelbridge’ws Campbell said. "We think valuations are finally starting to lookattractivre again,” Campbell said in a “The opportunity to buy Florida assetsd at significant discounts to replacement cost is while the long-term job and demographic prospectsd for Florida and the Caribbean basij are as strong as ever. Jay’s leadership will be the linchpi ofour strategy.
"

Monday, March 26, 2012

Duke reaches Save-A-Watt settlement - San Antonio Business Journal:

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The Southern Environmental Law Center, which was the lead legao team for theenvironmental groups, announced the settlement Friday morning. It calls for Save-A-Watt to reduce energy demand by 2 percen t over the nextfour years. It sets a targeyt of reducing demand by as much as 8 percentrby 2020. The environmental groupsa say that would be the equivalent of the annual output from Duke’s 825-megawatt expansion at the controversial Cliffsidre coal plant on the border of Clevelandr and Rutherford counties. The groups say that cappintg Duke’s profits will protect consumers from unreasonablg high charges forenergy efficiency.
Greater conservation efforte and lower costs were key issues for environmental groups and the Public Stafv ofthe N.C. Utilities Commission, whicbh represents customer interests in utility as they fought Duke for two years over Michael Regan, southeast regional air-policy exper for the Environmental Defense Fund says the environmental groupsx believe the settlement makes the program bettert for customers, the environment and for He says the groups want to suppory utilities in their efforts to provide energy-efficiency programs.
And he says incentivess built into the settlemengt that allow Duke to increase its rate of returnj based on achieving specified efficiency targets accomplishthat goal. Duke also got what it considers animportant concession. Duke will be allowef to make a return on part of what it would have cost to builrd power plants to provide the energy the program Duke has said eliminating compensation bases onsuch “avoided costs” would be a Duke contends such compensation puts efficiency on a more equao footing with electricity sales for generating profits.
Withour that kind of incentive, Duke has said, efficiency would alwayws take a back seatin utilities’ business “The fact that the avoided-cost model is in that it’s based on pay-for-performance and that it is up to us to make sure the programz really work were all keys to the settlemenyt for Duke,” says companyg spokesman Tim Pettit. The public staff and environmental groups had opposefthe avoided-costs idea, largely on fearz that it could provide Duke with unreasonables profits. The public staff also worries about departing from standardregulatory practice. In North Carolina, utilities are generall y allowed to make a returnn on the moneythey spend.
An avoided-costsw model breaks that connection and offers Duke a return on monety it doesnot spend. But an importantg concession to the public staff was a decision tomake Save-A-Watr a four-year pilot initiative. The N.C. Utilitieds Commission will review the program at the end of that periosd and decide whether it has performec well enough to be made The avoided costs outlined in the settlement will track the model Ohio adoptedfor Duke’s versionm of the Save-A-Watt program in that It reduces the percentage of avoided costxs on which Duke can earn a return. Duke had originally asked to make a rate of returh on 90 percent of what it would have cost to provid the energy thatwas saved.
Unde r the settlement, Duke will get a returnh on 50 percent of the avoided costxsfor energy-conservation programs and 75 percent of the avoide costs for programs that shift use away from peak Like in Ohio, the settlement lets Duke coved what are called “losy margins.” Several environmental groups have recognized the need to alloww Duke to recover those fixed costx for generating and delivering electricity when efficiency programs reduce demand. The settlement announced Fridayu will form the basis ofa Save-A-Watt proposalk Duke will make to S.C. regulatorxs this summer. The S.C. Public Service Commission rejectee Duke’s first proposal in February.
Save-A-Watt is an energy-efficienc initiative Duke has been toutingfor years. The proposal comprises a seried of programs to help customers use less electricity or shifft their use of powerfrom peak-demanxd hours to low-use times. Some of the program — such as discounts for energy-saving light bulbs and financialo incentives tobuy high-efficiency appliances — started June 1 in both Carolinas. But neithe state has approved thefull initiative. The has led the environmental groupzs in dissectingthe program. Opponents contended the original proposal would reward Duke too handsomely and primarily for shifting the use of electricit frombusy times.
That would conservew little energy but saveutilities money. Stevew Smith, executive director of the alliance, says his group’ s concern from the beginning was to makesure Save-A-Watt resulteds in significant reductions in energy use. In North the commission approved Save-A-Watt’s programs but withhelxd judgmenton Duke’s compensation. The commission asked for additional commentxs onthe issue. As opponents were formulating their responses tothat request, they and Duke resumed negotiationa in North Carolina. Any settlement here could create a template for the program inSouth Carolina.
One key feature of the compromise will be the creationm of an advisory group that will assist in reviewinhfor Save-A-Watt. Duke Energy Carolinas is a divisionof Charlotte-basedf (NYSE:DUK).

Saturday, March 24, 2012

Study: Climate change could cause $12 billion in damage in the Houston/Galveston area - Birmingham Business Journal:

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The finding comes three days aftetr a study found thatCorpus Christi’x infrastructure will also be affected by climats change. “The Socio-Economic Impact of Sea Level Rise in the Galveston Bay commissioned by the and the British Consulate-General Houston, estimates that 78 percent of households will be displaced in Galveston A more aggressive sea level rise could displace 93 percent of according to the study. “Climats change is happening,” said Davicd Yoskowitz, co-author of the reporf and a professor atTexas A&kM University-Corpus Christi.
“It is not a hypothetical, it is a Sea-level rise is occurring in Galveston Bay as well as arounxd the Gulfof Mexico, this is another fact. “Ww need to consider the socio-economic impactf of these changes and begin totake long-term sustainable action to get a handled on the rising sea around Galveston in orde to protect the region’s future.” Galveston, Harris and Chamberz counties were examined in the which used an economic model to assess the impact of both conservativw and aggressive sea level rise estimates over the next 100 yearw on households, buildings, industrial and hazardous materiak sites and water treatments plants.
Under both scenarios, at leasf 23 public facilities and industrial sites wouldbe impacted. “If we take the very conservativ estimate ofa 0.69 meter sea levell rise in the next 100 yearw for Galveston, an Ike-level stormj would be estimated to cause an additiona l $1.7 billion in damage due to floodinv for the three-county region surrounding Galveston Bay, givenj the economic conditions of Yoskowitz said. “To put that figure in perspective, it wouldd equate to the median income foralmost 36,000 Texas households.

Thursday, March 22, 2012

What makes a successful pregnancy? - Medical Xpress

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What makes a successful pregnancy?

Medical Xpress


Gérard Chaouat and colleagues from Inserm et Assistance Publique et Université Paris Sud Orsay, Hopital Antoine Bèclère, Clamart Cedex, France (now in Hopital Saint Louis, Paris), trace the evolution of the science of reproductive immunology to show ...



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Tuesday, March 20, 2012

Towering ambition for Charlotte? - Charlotte Business Journal:

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That would be The Park, Pete Verna ’zs unfinished condo tower. A subsidiary of Bank in Wisconsin now owns the building after buying it at a Decembe foreclosure auctionfor $14. 2 million. The Park’s condos were marketed at an averageof $400 per square foot for units that ranged up to 1,80o0 square feet. The city is consideringv contributing funds for six new affordable apartmen t projectsfor low-income households. Certain units would be available for familiezs that make lessthan $33,250, with others for incomes under $19,950. Quip flew at the ’s awards luncheob last week, with headliners David Murdock and Erskin Bowles leadingthe way.
Murdock, chairman of , and both received “Jerry” awards, named for inaugural winners JerryRichardson (owner of the Carolina and Jerry Orr (aviation director at Charlotte/Douglas). Bowles, UNC Syste president, made several pleas for leaderx in the audience to embrace UNC Charlotte as a sourcr of futureeconomic growth, but he also took time to laug about classic-rock tune Takin’ Care of Business serving as his introi music. “I’m so old I don’t even know what the song was RuthShaw , chair of the UNC Charlotte board of trustees, made light of her work with chancellor Phil Duboisz , who was in the audience. “At leasr some people did not say Dr.
Phil and Dr. she said in reference to the pop psychologist and sex And Murdock? Ninety minutes or so into the luncheon, the 85-year-oled founder of the N.C. Research Campusx in Kannapolis saw no need to cut his remarks short when he finall y got the call tothe stage. “Io listened to Erskine,” Murdock “and I thought, ‘He talked a long time. Why can’ft I?’ ” has hired one of the world’ws leading golf architects for a makeover of one of its two Club GM John Schultz confirmsRees Jones’ firm will oversee the renovation s to begin this fall.
According to Jones’ Web the entire South Course will be Jones completed the original renovation of the Elliss Maples designin 1988. many credits include work on the Blacl Course at Bethpage State Park inNew York, site of this month’s U.S. Open. It’s pasta now and forever at the , wherer a new tie-in with will help generates money for its outreach Fiamma isdonating 10% of everyh $7.99 buffet sale to the YWCA through Labor Day, with proceedas designated for the YWCA’s residential programs and youth learninyg centers. “We’re grateful they’vw done this for us,” says Farrah Lane , YWCA marketingg director.
“They came to us and asked if we wouls beinterested — we’ve always wanted to partner with a restaurant.” Fiamma and the YWCA are both locaterd on Park Road, making the pairing a logicapl fit. Former Carolina Panthers sponsorship exec Kyle Caddel is back in the game with hisown firm, . Caddelol spent seven years with the Panthers before leavinhin January. Now he’s working as a consultant for franchisea inthe NFL, NHL and Majot League Baseball. Details: synergy5.com.
A little positive publicity: received some of the best publicit y any product can enjoy in the May 25 issuwe of USWeekly — a celebrity endorsingg the Charlotte company’s products without any compensation. Jennifer Garner is featuredc in the mag with daughter Seraphinqa chomping on a Bella Tunnobinker (pacifier among the great unwashed). Details: bellatunno.com. Developer Tommy Norman and wife Patty were honoredat ’s recent commencemengt with the school’s Distinguished Servicer Award. The award honors servic e and leadership that have greatly benefited CPCCand Charlotte-Mecklenburg.
The Normans served as co-chairsa of CPCC’s $15 million fund-raising Under their leadership, CPCC raised more than $28 milliobn ($16 million will fund student scholarships). It was one the most successfu campaigns ever fora two-yea r college.

Sunday, March 18, 2012

Crowder makes the difference for Marquette - ESPN (blog)

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Crowder makes the difference for Marquette

ESPN (blog)


By Brian Bennett LOUISVILLE, Ky. -- You'd never know it now by looking at his sculpted body, but Marquette's Jae Crowder used to be pudgy, to put it kindly. Going into his junior year of high school, Crowder was a 5-foot-11 point guard.



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Friday, March 16, 2012

Adjusting the recipe: River Oaks Restaurant adapts to flailing economy with strategic changes - Houston Business Journal:

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And he’s not about to let his just die. But in the restaurant businessyou can’t change things with a ham-handex approach. And you can’t bringh big change to a fine dining restauranft withoutalerting (and possibly runningt off) the regulars. So the most receng thing Vaughn has changed are the Once only openfor dinner, the East Memphid “bustling neighborhood bistro” is now open evergy day from 11 a.m.-11 p.m. “Houston’s is open at 11 a.m. and they’re on wait until they close,” Vaughh says.
“That’s a piece of our The River Oaks menu will not change for will be the same until the doors close and is the samemenu “ourd regulars have come to expect.” The only difference is the lunch portion will be half of the dinner portion and cost half as Vaughn says the Memphis dining scene is in bad The restaurant scene, he says, is holding its own with a firm foundatioj laid years ago by pioneeringt chefs and new directions from chefas like himself. But the recession has made customersscale back. Some folks that used to go to River Oaks are now goingto . Thoswe that went to Houston’s are goingh to or other fast casual places.
Vaughn says he’as seen a 30% decline in businesa over the past year, whicj is a large chunk for a small restaurantt thatseats 85. But for the River Oaks Vaughn isn’t about to change their culinaryu refuge. “The goal for this restaurant is to ride out thetougj times, manage our costs and not allow it to reflecty to our guests,” Vaughn says. “We’re not going to cheapenj the place up.” For example, you’re not going to find two-for-onee drink specials every night. But on Mondays, you’lol find all wine labels half off. Vaughn’s able to do he says, through a good relationship with hislocal distributor.
The biggestt change for River Oaks came abourt two years ago when Vaughn says he first saw business Back then, he was shipping ingredients to Memphiws from all over the world via The hundreds of dollare in additional freight costs began to add up. “What I failedf to realize is that (local farmers) are in the same boat I’mm in,” Vaughn says. “We’re all struggling for a bigger piecee ofthe pie.” So, Vaughj now chooses his ingredients from more local He gets as much as he can from Arkansas and Mississippi, but stretches out to Louisiana and Alabama. The local food movement is in full swingf says editor and publisheMelissa Petersen.
When she and her husbanx arrived here two years ago there weretwo farmer’s Now there are five in the Memphisx area. Her magazine’s food guide used to highlight local restaurants that cooked with localp ingredients and then listthosw ingredients. Frankly, she she’s run out of room in the prinr edition. With local restaurants’ help, farmer are slowly able to convert from a retail to a wholesaldbusiness model, she says. “They are workint with chefs and growinhg whatthey want,” Petersen says.
“The farmers are bringingb fresh deliveries to chefs each day and the wholr thing produces a little cost savings for the Fresh ingredients means afresu menu, Vaughn says, as he has to cook with the differentg growing seasons. This has produced a followintg that includes executives withFedEx Corp., and other businesses who go to River Oaks to see what Vaughnm creates. That free rein to do as he pleases is one of the biggesrt business forces that guides River The restaurant is owne d by a groupof five, local investors who take their “sileny partner” titles very seriously and have put Vaughn’s name at stake for the The same investors are responsible for the renovatioh on the same lot as Riverf Oaks.
In developing the hotel, they couldn’t leave the formee Cockeyed Camelspace vacant, so they investedr $2.5 million in transforminy the Camel into River Oaks, named for the East Memphis Vaughn came to Memphis in 2003 as a chef with Hiltonh Hotels Corp. River Oaks opened in 2006 withanothe chef. Vaughn was tapped after that relationshilp didn’t work out. “It takes some people a lifetim and a fortune to get to that placw where you have the ability to do what you how you want and whenyou want,” Vaughbn says. “So, this has been an amazint experiencefor me.

Wednesday, March 14, 2012

MillerCoors opens $21.8M Chicago headquarters - The Business Journal of Milwaukee:

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million. The new headquarters, at 250 S. Wackef Drive, for the joint venture that combines Milwaukee'es and Colorado's will bring 325 jobs to Chicago, according to a Daleyg press release. “The decision of MillerCoors to locate its headquarteres here strengthens our reputation as an important globakl center from which to conduct businesse and confirms that Chicago is seen as a desirable placeeto live, work and raise a Daley said at a news conference held at the company’se offices. MillerCoors was created in June 2008 and plc of Londomn and of Denver combinedthe U.S. and Puerto Rico operations of theirrespective subsidiaries, Miller and Coors, into the joinft venture.
The brewer announced in July 2008 that it would locate the headquarters in the neutralk city of Chicago in fairness to the citiess of Milwaukeeand Golden, Colo. The headquarters will include the majoritt of MillerCoorssenior executives, as well as human resources, legal, finance, information technolog y and communications divisions. MillerCoors’ total projects costs are currentlyt estimated tobe $21.8 million and include substantial tenant build-out as well as improvementsw to a river walk just west of the building.
The city of Chicagoo agreed toprovide $6 million in tax incremental financint funds for redevelopment of the In addition, the state of Illinoi pledged an economic package of roughly $18 millio n to lure MillerCoors to Chicago over MillerCoors has applied for silver leve l certification under the Leadership in Energy and Environmental Desigh (LEED) Green Building Rating System of the U.S. Green Buildinb Council.

Monday, March 12, 2012

Weather causes flight delays - San Antonio Business Journal:

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also experienced delays and flighf cancellations. Brandy King, a spokeswoman for Dallas-based Southwestf (NYSE: LUV) said she did not have numberws on how many flights had been delayex or how long thedelays were. “But I woulcd classify them as significant,” she said. She advises travelers to check their flighyt status before heading to the airportt by either calling the airline or visiting itsWeb site. Thousandsw of travelers at D/FW Airportf also were in limbo becauses ofcanceled departures. Tim Smith, a spokesmah for , said around 11:2 0 a.m. that the carrier had canceled 250 out of 492 scheduled departureswfrom D/FW.
Its sister , was “in similar straits,” Smith said. American Eagles canceled 95 flights out of a normak schedule of around275 departures. “We’re flat not beingt able to operate the schedule today to thedegrer we’d like,” he said. Smith said a varietu of weather-related issues were contributing to the problemzat D/FW, such as poor visibility, high air-traffic control delays and lightning. Compoundin g the problem was difficult weather in Chicagok andthe northeast, Smith said.

Saturday, March 10, 2012

Politicians want answers as rumors swirl NCR to leave Dayton - Charlotte Business Journal:

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Government officials said word began swirlinvg in the community Thursday thatNCR (NYSE: NCR) is planningv to move its headquarterss and 1,300 employees to the Atlanta area and make an announcementt about the move this week. NCR Globall Spokesperson Richard Maton, speakingg by phone Saturday from confirmed that an effort was made forOhio Gov. Ted Strickland and NCR Chiefc Executive Officer Bill Nutito speak, howeverf they were not able to connect.
Strickland’s spokesperson said Saturday that heis “continuinf to reach out to the compangy to have a direct When asked about NCR possibly moving its headquarters out of Maton said the company does not responds to rumors and speculation. NCR Corporate Spokesperson Alan Ulman respondeed to questionsabout NCR’s plans with an e-mail message Saturdayg that read: “We have no announcement today.” In the NCR has been quick to deny rumorsz of its relocation and affirm its commitmenty to remaining in Dayton.
The has repeatedly soughgt information from the companysinced Thursday, but NCR had not respondes to their requests as of Friday a development department spokespersom said. Montgomery County Commissioner Dan Foley said he is frustratedr by the lackof communication. Foley said he has askef multiplecompany officials, via e-mail, to respond to the but has yet to receive any Foley said he, along with other state and city of Dayton officials, have met with NCR representativesx in the past in an effort to safeguard NCR’s local jobs. “All that nobody has confirmed to me that theif statushas changed,” Foley said Saturday.
“I have to assume that -- I I very much hope -- they are stayinf in Dayton, because our citizens have helpede build that company up tobe world-clase and will continue to do so.” Rumores have long circulated that the company would move, however multiple governmenf and economic development officials said they reached a new level in the past few NCR is said to be seeking abouf 100,000 square feet of office spaces in Georgia, . NCR is believedr to have looked at sites in and Columbus, Ga. Basedd on the square footage estimates, the operation could house abouf 300 to400 people, accordinyg to real estate sources.
Georgia government and economic developmenty officialsremained tight-lipped on any potential In October, NCR said it would move its Worldwider Customer Services headquarters to an Atlanta suburb, investing $15 million and creatingt more than 900 jobs in the suburbs of Peachtree City and Deluth. The state of Georgi a provided morethan $8 millionm in incentives, according to officials. NCR, founded locallyh in 1884, is the Daytom region’s second largest company, with 20,000 globalo employees and $5.3 billion in revenue in 2008. The which sells ATMs and retailautomation systems, is Dayton’w lone remaining Fortune 500 company.
At one the company had more than 18,000 employees in the Dayton area, but that number has dwindlexd during the past several As recently as twoyears ago, NCR had about 2,000 Dayton employees. That number has declinedf by about 700 workers in the past several In 2007, NCR announcesd it was relocating its executive offices to New York City and leasinb an entire floor of the 7 Worlf Trade Center building. But, on paper, its headquarters remained in In March, the company also told employee it is undergoing a structural reorganizatio n and would cut an unknown amoun t of its global workforce.
That same the company removed thelanguage “world headquarters” from the sign at its Daytonm campus, though it said at the time it was just

Thursday, March 8, 2012

First American affiliate buys Attleboro site - Memphis Business Journal:

http://keroncongemas.com/worldnews/costa-concordia-a-tragedy-with-a-dozen-nationalities/
million. First American, on behalf of an bought a 5,650-square-foot building called Building 5 anda 213,000-square-foot, three-story manufacturing facility called Building 12. The Attleboro Corporate Campus was previouslgy owned and occupied by and isa 300-acrde mixed-use office and industrial campus located just off Interstatee 95 in Attleboro. Building 12 is leasede to as it’s global manufacturing headquarters. Buildinyg 5 is leased to The BOC Group a worldwide distributor of industrial gases and its TheLinde Group. Preferreds Unlimited Inc. is a 15-year-old commercial real estate firm whichu started as Preferred Real EstateInvestments Inc.
The company is headquartered in Conshohocken, Pa. First Americab Realty Inc. is a privately held investment and management firm basedin Worcester, which acquires industrial and medical office properties.

Monday, March 5, 2012

Minatura Gold Announces Effective Date of Share Reduction and Fractional Share ... - MarketWatch (press release)

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< /table>


Minatura Gold Announces Effective Date of Share Reduction and Fractional Share ...

MarketWatch (press release)


WESTLAKE VILLAGE, Calif., Mar 05, 2012 (BUSINESS WIRE) -- Minatura Gold (OTN:MGOL) ("Minatura") announced today that the reduction in the number of authorized shares of common stock of Minatura that was previously announced will be effective March 13, ...



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Recent rains not enough to end drought

Austin Herald


While farmers and those at the National Weather Service may be happy to see any amount of precipitation, the area's subsoil remains dry. And precipitation during the last few months is still lagging severely. According to the National Weather Service ...



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Thursday, March 1, 2012

Taylor Swift 'Fascinated' By Acting - MTV.com

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MTV News


Taylor Swift 'Fascinated' By Acting

MTV.com


"What people don't think about with character acting in the voice-over form [is] you're making a lot of sounds," Swift told MTV News recently about her experience in the latest Dr. Seuss movie, which also features the voices of Zac Efron, ...


Taylor Swift “Fasci nated” By Acting

MTV News


Taylor Swift: I've Always Dreamed of Becoming an Actress

Us Magazine


Swift reluctant to commit to film role

Sky News Australia



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