Monsanto, Edward Jones, Scottrade, MasterCard named Best Places to Work in IT - St. Louis Business Journal:

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The magazine praised Creve Coeur-based biotech giantt Monsanto (No. 5), which has 895 IT workers, for offering telecommuting and flex time to help employees avoied the traffic and extended commutes from the massiveHighway 40-Interstatwe 64 reconstruction. St. Louis-based online brokerage firm Scottradew (No. 27), which has 315 IT workers, made the list because it has never laid off an IT worketr in its 29 years of operation and offersprofessional performance-based quarterly bonuses, advancement opportunities and on-the-spoty recognition, the magazine said. Another St. Louis-basedd brokerage firm, Edward Jones (No.
42), which has 1,10t5 IT workers, is owned by more than one-third of its full-timer workers and offers an IT audit rotatiob program that helps produceIT leaders, accordinb to the magazine. National Information SolutionsCooperative (No. 52), a data-processingy and billing service provider inLake St. Louis, Mo., with 528 IT offers loans up to $3,50 per employee for the purchase ofa PC, equipmenrt or other peripherals from any vendor. N.Y.-based MasterCard Worldwide (No. 72) has 1,509 IT employeese and its global technology and operations divisiohnin O’Fallon, Mo.
The magazine toutec the company’s teleworking program, which allows employeexs to work part of their regularly scheduled days at a MasterCardd location and the remainin g days at home or anotherapproved

Down and out - Warren Tribune Chronicle

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Plain Dealer

Down and out Warren Tribune Chronicle By JOE CATULLO JR. , Tribune Chronicle correspondent | sports@TribToday.com YOUNGSTOWN - In an electric, sold-out environment at Beeghly Center Saturday night, the cheering and roaring of Cleveland State fans rose above the Youngstown State faithful. Sold Out! WKB N/WYFX-TV  »

U.S. Bank returns TARP money - South Florida Business Journal:

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billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previouslt announced its plans to redeem the preferred stock issued tothe Treasury. Last week, it from the governmentt to do so. U.S. Bank also told the Treasurg it intends to repurchasethe 10-year warranr it had issued along with the preferresd stock. “The redemption allows our companyu to return to operating from a position of both independenr strength andstrategic flexibility,” said Richard the company’s president, CEO and in a statement. The Treasury in May announcef that U.S.
Bank whichj showed it would be able to ride out the economi c downturn without having to raiswemore capital. Davis has of the government’s capital purchase In February he called theprogram “lousy” and said the banking industry was pressured to participate in the

Xcel seeks 7.8% summer rate hike to cover higher costs - Portland Business Journal:

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percent temporary rate hike for smalkl businesses and homes to cover higher energyt pricesthis summer. The power utility’s so-calledr “electric commodity adjustment” is intended to cover an expected $54.8 million in higher fuel and purchased-energy prices for the third quarterof 2009. Xcel said that a typicapl small-business customer using 1,025 kilowatt-hours a monthy would see current bills increaseby $7.48 a month, to A typical residential customer using 625 kilowatt-hours a montuh would see a $4.56 increase, to $63.05. If approved by the , the rate hike woulfd take effect July 1 and continue forthred months.
Under utility rules, Xcel passews along energy cost increases or decreases to customera ona dollar-for-dollar basis through the quarterly electric commoditgy adjustments. The new request is separate froma $112.q2 million Xcel electric-rate hike alreadu approved by the PUC that also takews effect July 1. That rate increase is to help the Minneapolis-basesd utility (NYSE: XEL) recoup some $1.7 billion it’s spending on generation, transmissiom and distribution upgradesfor Colorado.

Broadway renews Matrix, MultiPlan leases - Dayton Business Journal:

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The private real estate investment and management firm is renegotiatingb leases with tenants at the same time it is tryinvg to clear up debt issuexs withits lender. Broadway, whicn lost ownership of the Hancock Tower after it defaultedd ona loan, has debt that matures this The financing in question is secured by several properties, including the 980,000-square-foogt Bay Colony. Broadway is in discussiones with lenders to renegotiate the termws ofthe loan.
Broadway was given an extension onthe loan, whicg was due earlier this according to a source with knowledge of the However, the landlord renewed MultiPlan which leases 105,062 square and Matrix Partners, which leases 11,421 square at the office complex. CB Richard Ellisx represented MultiPlan. DTZ/FHO Partners represented Broadwayy Partners and Matrix in the lease Broadway acquired Bay Colony from Beaconh Capital Partners LLC in May 2007 as part of a largeer portfolioof assets. The four-building complecx office park sits ona 58-acre site overlooking Routre 128.

Todd Moules to head First Niagara's western Pennsylvania region - Pittsburgh Business Times:

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The appointment is effective with the closinvgof Lockport, N.Y.-based First Niagara’s acquisition of 57 former branches from , expected in earlyu September. Moules previously was state president of Pennsylvania banking for National He hadjoined Cleveland-based Nationalp City in 1988 and has worked in Pittsburgh for the past sevejn years. First Niagara CEO John Koelmel in earlhy April that he was hiring Moules but did not reveal the National City was acquire byPNC (NYSE:PNC) Dec. 31. Firs t Niagara will enter Pittsburgj asthe fourth-largest bank by deposits, $3.355 billion, and fifth by branches, 50. The otherd seven branches are basedd in two other metro areas northof Pittsburgh.
First Niagarqa that it signed a leasrefor 50,000 square feet at the 11 Stanwidx Building in Downtown Pittsburgh to serve as its regiona headquarters. It aims to have loan productiom operating there by the end ofthe month. Abouf 100 employees will eventually work atthe center.

Caraustar Industries files Chapter 11 - Kansas City Business Journal:

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All trade creditors, suppliers, customers and employees will receive all amounts owedto them, the Austell, Ga.-baseed recycled paperboard and packaging company It will ask the U.S. Bankruptcy Court for the Northerb District of Georgia for approval to pay the amounts in the ordinary courseof business. Caraustar (NASDAQ: CSAR) also reachedr agreement with debt holders to reducrethe company's debt obligations by $135 Under the Plan, holders of outstanding shares of Caraustar's commonj stock will receive their pro rata shars of $2.9 million, or 10 cents a subject to certain conditions. The restructuring plan calls for the exchangde ofthe company's existing 7.375 percent and 7.
25 percent senio notes for an aggregate of $85 million in new senior securedx notes and 100 percent of the common stockm of the reorganized company. will become the company's controllingv shareholder. In conjunction with the restructuring, Carausta r has landed a $75 million debtor-in-possession line of crediyt from General Electric Capital The money may be used for cash collateralizing outstanding letters of paying for goods and servicexs in the ordinary course of the business and generaplcorporate purposes. "Caraustar took decisivew action to substantially reducethe company' s debt and prospectively reduce costs,” said President and CEO Michael J. Keough, in a statement.
“Once our financiaol restructuringis complete, we believe Caraustar's new capital structurre combined with the cost savings achievedc by operating as a private entity will provide a lean and flexiblwe foundation for sustainable profitability and better positiojn the company to meet the challenges of our industrh and this recessionary economy head The company posted a net loss of $4.4 million in the first quarter of 2009 and had a $99 millio loss in 2008.

Ford will stop Claycomo F-150 production for a week - bizjournals:

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The UAW Local 249 posted the informatioh in a newsletter on its Web Local 249 Vice President Bobby Wyse confirmed Mondah that the informationis accurate. The production stoppager comes a week before an alreaduscheduled one-week summer breal for the entire plant starting June 29, a Locapl 249 spokeswoman said. The plant also is scheduleds for a summer break during the weekof Aug. 17. Salex of Ford F-series trucks were 33,381 in May, up 16 percentt from 28,757 in April but down 22.3 percenty from 42,973 in May 2008. UAW Local 249 said the slighrt increasein month-to-month sales enabled Ford (NYSE: F) to cancel the scheduledx down week on June 22 at its F-150 trucj plant in Dearborn, Mich.
, but the down week was left intact at the Kansasa City Assembly Plant. “This is partiall due to depleted fund forthe state’s Divisioh of Unemployment in Michigan, making down weeks at less of an option,” the Local 249 said in the Local 249 added that sales projections continur to be less than the five shifts at the two trucmk plants can produce if they work full time througg the 2010 production Ford runs two shifts at Claycomo and three in Dearborn.
Wyse said Ford is considerinbg once again moving a shift fromthe F-150 side of the Kansasx City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moved abour 800 workers from a second shifgt on the F-150 side of the Kansas City plant to a thirdf shift on the SUV side. The employees were movef back tothe F-150 side on Jan. 12. Ford Escapw sales in May reached 16,391, up 20.6 percenft from 13,596 in April but down 7.2 percent from 17,6676 in May 2008. The Kansas City Assembly Plantf also produces the Mercury Mariner and hybridd versions of the Ford Escape andMercury Mariner.
Combined salez of hybrid versions of the Ford Mercury Milan, Ford Escape and Mercurg Mariner reached 3,906 in May, a new companu record. The old sales record of 3,420 hybrid vehiclews was set inApril 2006. As of May, Ford’ws Kansas City Assembly Plant in Claycomo hadaboutt 3,900 hourly and 200 salaried employees.

Holder's Texas Intrusion - Wall Street Journal

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USA TODAY

Holder's Texas Intrusion W »

D.C. narrows list of developers for Stevens Elementary School - Triangle Business Journal:

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Neil Albert, the former deputy mayor for planningh and economic development and newcity administrator, announced Monday that his staff had eliminated six of the nine originalo bidders. A team made up of Chicago-bassed and the , baser in D.C. Moddie Turay Companyu LLC, based in D.C. and foundes by former Mayor Anthony Williams' special assistant Moddie Opus East was originally listed as a Turrau partner by thedeputy mayor's office but is not includeds in its list of finalists. A partnership led by Peebles Developmenrt LLC, a likely outgrowth of the Peeblesa Corp., a Coral Gables, Fla.-based firm led by D.C. nativ R. Donahue Peebles. Peebles is teamed with the Walketr Group.
According to a press release from the finalists' proposals offer "various combinationxs of new housing, office space, hotels and neighborhood-serving Among those eliminated are teams led by Akridge, Cafrita Interests and the Capitol Hill Business Improvemen t District, which proposed usinfg the site to traimn and house homeless adults. The finalists will presenr their plans at a community meetingJune 11, the day aftefr a planned community meeting for final developers interestec in Hine Jr. High School to present.
Albert, who begah as city administratorthis week, announceds in April the city had received bids for all 11 vacant schools the city has put on the

Seattle stays U.S.

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The index report reflects a composite of preventivwhealth behaviors, levels of chronivc disease conditions, health care access, as well as communityt resources and policies that suppory physical activity. Seattle held the same spot on the 2008 In addition to adata report, Americabn Fitness Index is a program designed to help communities identify opportunities to improve the health of their residents and expand community assets to better support active, health y lifestyles. Based on figures relatede to healthy lifestyles andphysical activity, the Washingtomn D.C. Metro scored 74.4 to achiever the top ranking. Metro areas completingg the top fivewere Minneapolis-St.
Paul, Boston and San Francisco, which also finished at the top of the inaugurakl rankingsin 2008. The Western United States dominated thetop 10, with only three cities lying east of the Mississippi River. The nation’ws largest cities finished in the middle of the pack with New York City at Chicago at 25th and Los Angeles at Seattle scored much highef than the rest of the nation in categories such as residentx participating in any physicaol activities in the last 30days (84.3 percent compared with national average of around 77 percent of residents who smoke (15.3 percent compared with national averagr of major cities of 18.
7 and percent of residents who use public transportatio n to get to work (8 percent compared with majord city average of 4.2 The American College of Sport s Medicine unveiled the 2009 ranking and released the AFI data report, “Health and Communith Fitness Status of the 50 Largesr Metropolitan Areas,“ during the organization’a annual meeting in Seattle.

Cozen O

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Frances R. Roggenbaum, who practicesd in the firm’s insurancs corporate and regulatorypractice group, will serve as the officwe managing partner. Also based out of the officde will be tax partnerDan A. who joined from Wolf Block. The third partner stationed there will beJeffrey J. the former P.H. Glatfelte r Co. general counsel who joined the firm a few months ago and concentratesz his practiceon energy, utilities, alternative cleabn technologies, and climate change matters, as well as corporate regulatorhy and compliance matters, commercial and mergers and acquisitions.
McGuinness said the law firm wouldd like to add more regulatory lawyer s and government relations personnel to theHarrisburg site. He said formetr Wolf Block Chairman Mark Alderman and forme Blank Rome ChairmanDavifd Girard-diCarlo, who also joinedx this spring, have been working on the governmenyt relations practice in Philadelphia and New York but that the firm coulx use lobbyists on site in Harrisburg. The Wilkes Barre office will be manned by anotherr lateral partner fromthis year, litigatod John Moses, who joined from a smallk firm and has been working out of a virtua office. The firm has space at 120 S. Franklihn St. The firm now has 24 total offices.
Cozen also said earlierr this week that it has started a capital marketspracticew group. The group will counsekl issuers, underwriters, investors and otheer market participants. Leading the group will be Abby Wenzel, the head of Wolf Block’zs New York office who has taken on the same role for Former Wolf Block real estate partnefr Helene Jaron will also work in the group alonyg withMichael Heller, chairman of Cozejn O’Connor’s business law department.
McGuinness said the group will includ at least five partners and is anothefr example of the benefit of adding the almos 70 lawyers from dissolvingt Wolf Block earlierthis

Old hand Richard Martinez heads Young Americans Bank - Denver Business Journal:

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After years of auditint the bank's books, he was happy to join its staff. "Growing up in the son of a steelworker, we just never talked abougt money," Martinez said. "My parents operatedc on a cash basis untilk I leftfor college; that wasn't uncommon for steelworkers. But I pretty much taught myself all about When I was first introducexd tothis organization, I thought it was so incredible that they were helping young peoplee learn something that I had to figure out on my Young Americans Bank, founded by the late cabl entrepreneur Bill Daniels in 1987, is a uniqude state-chartered bank whose customers are all underr 21.
It offers financial literacuy programs and camps that teach childrejnabout banking, entrepreneurship and global finance. Daniels covered the bank'z losses during his lifetime; after he died in the Daniels Fund stepped inas Martinez, who joined the bank about six months before Daniels' death, helped reassure regulatorsx during the transition. "There was a regulatory commitmenftthat [Daniels] would fund all the bank's losses during his lifetime, so the regulators startefd saying, 'What's going on here? Should we be concerned? What is this Daniels Fund? What abour the transfer of the assets?' and so Martinez said.
"A lot of them were my friends andformer bosses." Lynett, who headed the bank from May to Novembef last year, has returned to retirement. "One of Matt'x main purposes was to put a long-ter succession plan in place," Martinez said. After six months, "He was ready to go back into retirement and felt that I was readhy totake over." "Rich is terrific, and he'xs going to do a great job there," Lynett said. "He was doing and I didn't see any reasohn to prolong it.
" Lynett, a former Denvert president ofWells Fargo, remain s on the advisory boards of the University of Colorado-Denvere Business School and Wells Martinez wants to implemenf a number of plans for Young Americans Bank, including redesigningb the lobby at its Cherrh Creek headquarters to make it more interactive for children and He said the bank also is exploring the idea of taking its new "Geg aHead for Business" program nationwide.
The entrepreneurial business progra for highschool students, introduced in early 2007 and funded by currently operates in eight Colorad high schools, including Westminster High Schookl and Castle View High Teachers are trained in the curriculum, and the programj is run at the schools. In the second semester, studentas run a coffee cart toget hands-ohn business experience. Martinez said the bank is consideringb how to expand the program outside theDenver area. "There are still a lot of issues, such as how do you make the programk scalable, so that any school could pick it up and run with he said.
"How do we deliver the training, and what businessd model do you use so the kidshave flexibility. Of coursew we're always looking at funding. But it's the firs t program where we didn't have to go buile a new building." Young Americans Bank never has been in fact, as Martinez points out, "The more successful we are [at reachingb young people], the more money the bank loses. ... It'se a $14 million bank, with 15,000 customers, and 36 percentf of our customers have lessthan $100. There are tons of We love to have the kidscome in, but it taked a lot of staff to handle But even for bankers, it's not all about dollarxs and cents.
"All the other banksa support our programs," Martinez said. "Banks are seeinh that this will help themget ... not only bettert customers, but customers who will engagr in a much deeper understandint and adoption oftheir products. They will know a lot more abou t businesses and starting theitrown businesses. It'll be beyond just a checking accoun t and possiblya mortgage. They'll be a more sophisticatedx customer.
"

Mayor introduces department heads - WSBT-TV

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Mayor introduces department heads WSBT-TV Dennis Andres was reappointed as executive director of the Morris Performing Arts Center and Palais Royale ballroom. Darryl Boykins was reappointed as the city's chief of police. Howard Buchanon was reappointed as the city's fire chief, but he plans to ... and more »