Written by Jeremy Martin on October 27, 2011.
A billionaire doctor has offered the state of California’s judiciary a rescue package for its troubled court records system upgrade project, which is four years behind schedule and hundreds of millions of dollars over budget.
Dr Patrick Soon-Shiong, who made his fortune developing the breast cancer treatment drug Abraxane, has offered California’s Administrative Office of the Courts a 20 million grant and the use of his company’s data centre, US website Courthouse News Service reported yesterday.
Soon-Shiong is interested “in ensuring that for public safety and public welfare reasons that we have the ability within the judicial branch to share material information that is critical to our decision-making,” said Justice Terence Bruiniers, who described the offer as a “game-changer”.
Having sold the company behind Abraxane last year, Soon-Shiong is now developing a hosting service for medical records. Courthouse News reports that the similarity between this system and the court records system is what attracted Soon-Shiong to the project.
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Written by Michael Harris on October 21, 2011.
But the move is being criticized by advocates of out-of-work Georgians, who say Labor Commissioner Mark Butler is favoring businesses over workers
In a meeting with some of the legislature’s House and Senate leadership Thursday, Butler proposed cutting weekly jobless benefits for top earners to $300 from $330. Any changes would have to approved by state lawmakers and Gov. Nathan Deal. If a benefits cut is approved, it would not impact workers now drawing checks but those who make new claims.
Advocates for workers would rather the state ask businesses to pay more into the state’s unemployment insurance fund.
Georgia owes the federal government $721 million in loans it took out to maintain its unemployment benefit fund. There are 487,471 Georgians drawing unemployment checks, according to a state report released Thursday. The Great Recession has created a pool of long-term jobless — about 256,900 in Georgia — who have been out of work at least 27 weeks.
Butler wrote a check for $21.4 million on Oct. 1 but said changes are necessary to help Georgia pay off the loan.
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Written by Jeremy Martin on October 16, 2011.
A breakfast panel event, hosted by Intuit, covering ‘start-up success in an economic crisis’, is taking place on Tuesday 25th October.
Despite the efforts of successive Governments, and the steady increase in the number of start-ups, one third of new businesses don’t survive past their third year.
Panel topics and speakers
This panel session, being held at the Hub Centre Pavilion in London, will discuss the unique challenges for small businesses with insights from successful entrepreneurs and business experts, covering topics including:
Members of the panel will share their experiences with the audience. Speakers include: The event will be moderated by BBC journalist Michael Millar.
Event details, and how to attend
The event takes place on Tuesday 25th October, 2011, between 9am and 10.30am.
The Hub Culture London Pavilion First Floor @ Kingly Court Passage 49 Carnaby Street London W1F 9PY Map:
If you would like a free ticket to the event, simply email .
Written by Jeremy Martin on October 14, 2011.
SAP today announced preliminary results for its most recent financial quarter, revealing a 140% increase in operating profit to €1.8 billion.
The company grew revenues by 15% to €3.4 billion during the three months ending 31 September. License sales rose 28% to €841 million, while the “software and software-related services” segment, which includes maintenance fees, grew 16% to €2.7 billion.
By comparison, SAP’s arch rival Oracle grew its application revenues by 17% to 1.7 billion (€1.2 billion). Oracle’s applications business, in other words, is growing slightly faster than SAP’s but is still around half the size.
SAP’s net income, which it will officially report later, will be much lower than the operating profit, due to various acquisition-related charges and write downs. Nevertheless, today’s figures reveal that SAP is making a lot of money, which customers will hope to see invested in innovation.
Written by Michael Harris on October 9, 2011.
The case, Royal Capital Development v. Maryland Casualty Co., stems from damage to the Capital Building on East Paces Ferry Road suffered during construction of an adjacent parking deck in the Streets of Buckhead, a mixed-use project.
The owner of the Capital Building submitted a $2.7 million claim to Maryland Casualty, which paid $1.13 million for repairs, but wouldn’t cover the lost property value as a result of the physical damage.
The building owner, Royal Capital, sued the insurance company, saying it should cover the lost property value as well.
A federal judge in Atlanta ruled against the building owner who appealed to the United States Court of Appeals for the Eleventh Circuit. T
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Written by admin on September 27, 2011.
The forex market is a great place to make money but you really have to apply yourself in order to make that happen. There is no substitute for hard work when it comes to the markets, and put simply, if you can’t work hard then you are going to find it difficult to succeed in a market which demands that you have a good knowledge of the movements of the market. The best way to make sure that you are in a position to be able to trade successfully is to make sure you read up all you can about the forex market. You can find some fantastic blog sites on the net that are run by successful traders, meaning that you get a chance to understand how they make the forex work for them.
Another thing that you need to do if you are planning to start trading on the forex is to make sure that you have the appropriate trading platform. You can find plenty of platforms on the internet and you won’t have trouble finding a decent one. Obviously you have to have a bit of a think about which one you go for, but you will find some forex platform review sites which can help you to make your decision. Read more…
Written by Jeremy Martin on September 27, 2011.
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Successful business owners recognise very early on that identifying and managing the risks facing their business is an essential survival skill. Risk can mean many things, from an increase in competition to disruptive weather, and the trick is to put measures in place to ensure that the risks you can’t control don’t derail you completely.
Exploring new markets is one way to mitigate the risk of falling sales. According to the Federation of Small Businesses, only 23 per cent of its members nationally currently export, which leaves plenty of opportunities for SMEs to explore overseas trade for the first time.
The organisation argues that an exporting led recovery would be helped by ‘more effective and targeted promotion of the support available and tailor-made information for small businesses.’
Managing the risks and barriers to exporting
That’s why at Lloyds TSB Commercial we’re dedicated to providing suitable guidance and support to small business customers to provide tailor-made information and ensure they have the right strategy in place to overcome the barriers to exporting.
We can introduce you to our Financial Markets team, which specialises in working with businesses to manage the impacts of movements in foreign exchange and interest rates on their businesses, helping them to protect their profit margins and plan for the future. This su
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