ISDA Committee Agrees To Review Greek CDS Trigger Query - Wall Street Journal

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Financial News

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Climate change alters bird migration patterns - Times of India

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The Daily Tar Heel

Climate change alters bird migration patterns Times of India WASHINGTON: Rising temperatures, triggered by climate change, are forcing birds to alter their migration patterns. The finding is based on data from eBird, a database containing 10 years' worth of observations from amateur b irdwatchers. Study finds climate change affects birds' migratory patterns The Daily Tar Heel Global warming found to shift bird migrations Summit County Citizens Voice  »

Enjoy the local 'soundscape' by learning to recognize bird songs - Plumas County Newspapers

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Enjoy the local 'soundscape' by learning to recognize bird songs Plumas County Newspapers Spring is a good time to listen to different bird songs because many bird species sing at this time. When songbirds migrate into your area you mainly will be hearing the males singing. For a few other species, however, it is possible to hear the males ... and more »

Dayton-area staffing expected to remain level - San Antonio Business Journal:

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From July to September, 75 percent of employeres expect to maintain their currentstaffing levels, 7 percenty of the companies interviewed plan to hire more employeea and 17 percent expect to reduce their payrolls. Only 1 percent are not certaibn of theirhiring “The hiring activity is expected to be lightef than the previous quarter when 13 percent of companiesw surveyed planned to increase staff levelws and 18 percent expected to cut payrolls,” Manpower spokesperso n Tom Maher said in a news release. The wholesale and retail trade appears to have the best job prospectes for thecoming quarter.
Employers in durable goods manufacturing, nondurable goodzs manufacturing, transportation and utilities, financial activities, professionalo and business services, education and health servicee and government plan to reducestaffing Construction, information, leisure and hospitality and other serviceas are expected to remain On a national level, of the more than 28,00p employers surveyed, 15 percent expect to increase stafgf levels in between July and while 13 percent expectr to reduce payrolls, resulting in a net employmenty outlook of 2 A total of 67 percent expecyt no change in hiring for the third and 5 percent are undecided.
The Manpower Employmenyt Outlook Survey is a quarterly measureof employers’ intentions to increase or decrease the numbere of employees in their workforce during the next quarter.

Reporter Catherine Parrotta Joins Boston's WFXT - mediabistro.com

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Reporter Catherine Parrotta Joins Boston's WFXT mediabistro.com By Merrill Knox on February 16, 2012 3:23 PM Catherine Parrotta is joining WFXT, the Fox O&O in Boston, as a general assignment reporter. For the past five years, Parrotta has been a reporter and weekend anchor at WGME, the CBS-affiliate in Portland, ...

Lockheed Martin Develops Airborne Laboratory for C4ISR Experimentation

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(Photo: "The AML will be a key asset in furtherinbg our ability to test and field rapidluy deployable capabilities that warfighters need in thefield today," said , Presiden t of Lockheed Martin's IS&GS-Defense. "It is importantt to note this is not about proving the valueof multi-INTg or mobile communications - that is the statde of the practice. This is about expeditinhg our ability to provide intelligencee across the full spectrumof conflict. " Complementing investments the corporation has madein multi-INT transit case and Humvee based configurations, the AML completew a unique C4ISR experimentation constellation.
The AML, a Gulfstream III businese jet, provides a readily reconfigurable platformm for a wide varietyof multi-INT experimentsa and sensor evaluation, as well as participation in government and coalition exercises. Using the AML as a multi-rol e cooperative research platform testbed, the team will work with operationapl commands to develop innovative ways to bring ISR tothe edge; investigatde new Reconnaissance, Surveillance and Target Acquisition approaches and develop operational concepts that link battlefielrd resources at all echelons.
Planned experimentation exercisesw include improvement ofthe end- to-ensd intelligence enterprise from initial intercept through sensoer cross queuing, precision geo-location and rapidf transmission to the end Designed for rapid reconfigurationb of onboard sensors, the testbed draws from Lockhees Martin's expertise in service orientecd architecture (SOA) based solutions. This SOA architecture embraces change and accommodates reach back to other collection sources and While future C4ISR technology advancements cannot alwaysbe predicted, this architecture alloww new capabilities, operational uses and cyberf security schema to be easily Headquartered in Bethesda, Md.
, Lockheed Martin is a globa security company that employs about 146,000 peoplw worldwide and is principally engaged in the design, development, manufacture, integration and sustainment of advanced technologuy systems, products and The corporation reported 2008 sales of $42.7 billion. For additionapl information, visit our

Vigilantes Turn to Junk With Terms Tightened: Credit Markets - San Francisco Chronicle

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Vigilantes Turn to Junk With Terms Tightened: Credit Markets San Francisco Chronicle Feb. 16 (Bloomberg) -- Junk-bond investors who have been buying new debt at the fastest pace since June are growing more discriminating, pressuring borrowers to shorten maturities or add creditor protections. Limited Brands Inc., the operator of the ... and more »

Orinda, Octagon plan loft/retail conversion - Nashville Business Journal:

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Atlanta-based and Charlotteville, Va.-based reported their plans for the propert at 222 Mitchell but they did not disclos financial terms ofthe deal. The 350,000-square-foot structurre was built in stages from 1929 to 1979on 2.1 acred and occupies the entire city blockj bounded by Spring, Mitchell and Nelson Streets. Orinda and Octagonm will convert the property into a renta l building with 205 loft units and morethan 70,00o0 square feet of commercial space. Occupancy is expectee in January 2011.
“The redevelopment of 222 Mitchello Street into rental lofts and retail space will play a significant role in the rebirth of this part of downtown saidDillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchello Street will appeal to young professionalxs who work downtown, as well as to college especially those who already attend one of the many fine institutionsd in the area, such as Georgiaq State University, Spelman, Morehouse, Clark Atlanta University and Georgia

MICHAEL HICKS: Time for labor unions to change - Muncie Star Press

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MICHAEL HICKS: Time for labor unions to change Muncie Star Press Suppose you become trade unions, representing not the unskilled masses of the past, but skilled, able and well-compensated craftsmen. Suppose that instead of having enemies among your employers, you become the place American business comes for skilled ... and more »

Memory Gets Jolt in Brain Research - Wall Street Journal

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USA TODAY

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AmREIT, JPMorgan buy Shadow Creek Ranch Town Center - Houston Business Journal:

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The group purchased the shopping centeerfrom , and for an undisclosed amount. The retai l center is 80 percent leased to tenants suchas H-E-vB Plus!, Academy Sports & Outdoors, Ashle Furniture and Hobby Lobby. The shopping site at State Highwayy 288 and FM 518 is named after the nearby Shadow CreekRanch subdivision. Wayne Fox of Houston-basedf WCF Development, who bought the Pearlandr acreagein 2002, said Houston-based AmREIT wantecd to buy the property as much as six months ago. The ownershio group, however, wanted to wait untill construction was finished and certain leasing milestones had been met befores agreeingto sell, he said.
Fox said this transactio n went well, based on his philosophy on deals. "Myg definition of a good deal is when both sides are he said. The sellers were represented in the deal by Rudy Hubbard and Leah Gallagher of Transwestern and Amandwa Fox and Will Deaneof , a WCF The buyer was represented by Tenel Tayare and Charles Scoville of

Delta puts off Kenya, Liberia routes - Atlanta Business Chronicle:

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Delta’s Liberia route, scheduled to commences June 8, is also postponed Atlanta-based Delta (NYSE: DAL) said Homeland Security officials notified the carrier late Monday it would require additional time toapprove Delta’se announced routes to Nairobi, and Monrovia, Liberia. "Delta regrets any inconvenience to our customer caused by the postponement of our new direct servicre to Kenyaand Liberia,” the carrier said in a statement. Deltq said it is contacting affectedr customers and booking them on flights operatefd byAir France, KLM and its othe r partners in SkyTeam. The flights will connect to Africq throughthose carriers’ European hubs, Deltqa said.
The Kenya route was to originated in Atlanta and connect to Nairobj with a stopin Dakar, Delta’s Liberia route, scheduled to commence June 8, is also postponec indefinitely. Those passengers are also being rescheduled. Africq has been a point of growtyfor Delta, which is the only U.S-based airline that flies its own aircraft to the Delta currently services six destinations in five African nations: Accra, Cairo, Egypt; Johannesburg and Cape South Africa; Lagos, and Dakar, Senegal.

Crescent Resources files Chapter 11 - Triangle Business Journal:

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The Charlotte-based development firm’s chief executive, Arthur has retired and will work with Crescent in anadvisory capacity, the company says. Andrew Hede, Crescent’s chievf restructuring officer, has been named CEO. “Wwe have been in active discussionzs with our lenders and other stakeholders as we work towarde an agreement that will bring our capital structur in line with the current economic Hede says. Crescent has more than 5,000 according to its filing. Its assetss are estimated at morethan $1 The local projects listed in the Chapted 11 filing include Piedmont Row and The Sanctuaryh at Lake Wylie.
Crescent says it intends to operatre its continuing businesses without any significant interruption durinf therestructuring process. The company says that’ possible because of a recentlyobtainedf debtor-in-possession financing facility of $110 millionh from a group of its existing As part of the Chaptee 11 filing, Crescent says it seeks coury approval “to make certain payments and to maintain key agreements with customers, vendors and partners of continuin operations to ensure the company can maintain its commitmenr to delivering a high level of amenitiesx and services.
” Crescent says the filingb is necessary to reorganize its finances, reducse its debt level and improve its capital “We intend to reach an agreement on our new capita l structure and emerge from bankruptcy quickly,” Hede says. The Chapter 11 petitione were filed inthe U.S. Bankruptcy Court in the Western Districrtof Texas, Austin division. The company has 120 days from the filingt date to submit areorganizatioh plan. A hot line has been set up as part of the Crescengt restructuringat (877) 204-8611. Attorney Eric Taube of LLP in Texas, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co.
, and are amon g Crescent’s largest unsecured creditors in In April, the Charlotte Business Journal reported that Crescent had adopte an aggressive new business strategy driven by a $1.2 billionm term loan that must be paid in full by September 2012 selling assets at fire-sale prices. In October, Crescent sold 4,500 acres in Berkeley County, to for $40 million. In December, the company sold a Floridza apartment projectfor $11.365 million, less than half the $27 million it paid for the complesx three years earlier. This year, the firm has close on the sale ofa 773-acr e tract of land in Oconee S.C., for just over $10 million. Locally, Crescengt recently sold 18.
4 acres in Fort Mill to a warehousinhg companyfor $1.6 The company — jointly owned by and — is best knowhn here for high-end real estate communities such as The Peninsul a and Ballantyne Country Club. Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its Duke (NYSE:DUK) formed Crescent in 1969 to developo property it acquired through its core utility business that it didn’t need for powere generation. In September 2006, Duke entered into a joint venture with Morgan StanleyReal Estate.
Morgan paid Duke $415 million in cash and assumed $656 million in debt for its staker inthe company, then worth $2.1 billion. As part of the transactiob Crescentborrowed $1.2 billion and distributed the proceedds to Duke to transfer the debt off Duke’se balance sheet. Duke and Morgan Stanley each have a 49 percent stakein Crescent. The remaining 2 percent interest in Crescent which would have beenwortuh $42 million when the deal closed ­— was issuerd to former CEO Fields. The dispositiojn of that interest will be determined through the reorganization proceedings, according to a spokesman for Crescent.
Duke no longerr reports Crescent’s financial but its own and those from Morgan shed lighton Crescent’s financial For 2008, Crescent lost about $470 of which Duke suffered about $230 millio n in losses, according to In the first quarter of this Crescent cost Duke and Morgan Stanley about $150 million in direct losses and loan The energy company has guaranteed about $100 milliobn in surety bonds for for which it has paid out at leasty $33 million. Duke pegs its total exposure atabout $40 million for the Crescent is active in commercial and residential real estatde development and land management acrosss the Southeast and Southwest, with interestss in 10 states.
Crescent’s portfolio includes mixed-use developments, businessw and industrial parks, country-club communities, single-familyu neighborhoods and apartment and condo In thelate 1980s, Crescent expandef into developments such as The its first country-club community and Coliseum Centre, its first office The company developed Sugarloaf Countrty Club near Atlanta in the mid-1990s. Developments that followed includew Ballantyne andThe Sanctuary. Crescent also expandedr into Texas, Arizona and Florida. Last year, Crescen t introduced its Circle apartment communities and is developing two of them in theCharlottwe region.
The company has 38 residential communities under development inthe Carolinas, Georgia, Texas, Floridaw and Arizona, and is currently building 1,200p apartment units. It also owns 75,0009 acres of land. Crescent has 264 employees.

Express Scripts launches offering to finance acquisition - Triangle Business Journal:

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billion to help pay for its ’s drug benefitsa division. Express Scripts said it would grant the underwriterx an option for 30 days to purchase upto 3.45 million additional shares of commonm stock to cover any over-allotments, whicnh would then increase the total raised to $1.6 Express Scripts said it plans to buy WellPoint’s subsidiary usinvg a mixture of $3.27 billion in cash and $1.4 billion in sharee of common stock. Under the acquisition Express Scripts may also choosee to deliver toWellPoint $1.4 billion in Express Scripts plans to sell bonds in the near term as part of its plan to financre the acquisition.
The acquisition is expected to close in the late thirde quarter or fourth quarterof 2009. Bel-Ridge, Mo.-base Express Scripts (Nasdaq: ESRX) is a pharmact benefits manager that administers prescription drug programxs forhealth plans, government and corporations.