Rajeev Motwani, noted Stanford professor and Google founders' adviser, dead at 45 - Tampa Bay Business Journal:

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The professor was founf dead in hisswimming pool, an apparent drowning victim, the morning after a partyg to celebrate the end of the schooo year with students and colleagues. Motwani foundef the Mining Data at Stanfordproject (MIDAS), which helpesd develop innovative data management concepts. He is best knowb for advising Google founders Sergey Brin and Larrhy Page while they were studying at Stanford and lated as they founded the Mountain View search Brin wrote a tribute to his mentor "Of all the faculty at it is with Rajeev that I have stayed the closesr and I will miss him dearly. Yet his legacy and personality lives on inthe students, projects, and companied he has touched.
Today, whenever you use a piecr of technology, there is a good chance a littlr bit of Rajeev Motwani isbehind it" Dave Hornikm of in Menlo Park, wherew Motwani regularly attended Monday partnerx meetings, : "For those of you who didn't know Rajeev, you mightg get the impression that he was your typical Silicon Valley insider -- loud, brash, full of bravado. He was anythinfg but. Rajeev was soft spoken and gentle. He was self-confidentt but didn't feel the need to provwe anything. He didn't speak to hear his own And he didn't need to be the centerf of attention. Rajeev just wanted to be And he was.
To so many of Silicon Valley Angel investor Ron Conway said in a videthat "The entrepreneurs in Silicon Valley that he has influenced and helped and mentored is in the He shared my attitude that the more entrepreneursw you can help, even if you only give them five go do it. He never refused a meetingf with an entrepreneur that I suggested he meet just to give them somequicik advice." A native of New Delhi, Motwani got his bachelor’s degrer in computer science from IIT Kanpur in 1983 and his doctoratew from UC Berkeley in 1988.

Palmer ups the ante at oil junior - The Australian

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Palmer ups the ante at oil junior The Australian BILLIONAIRE Clive Palmer has fired another shot in his fight with Central Petroleum, calling on shareholders to dump the entire board and warning he will withdraw his support of the oil and gas junior if the current directors remain. and more »

Cornish designs lasting legacy - Worcester Telegram

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Cornish designs lasting legacy Worcester Telegram His other designs in Central Mass. include the North Course at Stow Acres CC, nine holes on the South Course at Stow Acres, Marlboro CC, Juniper Hill's Riverside Course in Northboro, Ellinwood in Athol, and Indian Meadow in Westboro. and more »

Winter Park tries to slow Park Avenue's retail loss - Orlando Business Journal:

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Take Chris Tillett, CEO of boutique makeupp studio , who moved from Park Avenue to Maitland last summer due to highrent (he was payin g $41 per square foot in Winter Park), less foot traffi and lack of city involvement. Tillett’s exit and that of othet former Park Avenue retailers have prompted both the city of Winted Park and landlords to try to addressthe “We saw businesses leaving and an increasinvg animosity between retailers and so this was the perfect time to talk it said Sherry Gutch, community redevelopment director for Winte r Park. In fact, the area’sz vacancy rate has nearly doublesd in the past 12 jumping to 11 percentfrom 6.
5 percenyt a year ago, said Colliers Arnold in a real estate services firm. In addition, the averagde rental rate is $25.64 per squard foot, down 5.4 percent from $27.1 per square foot a year ago.

Here comes Yahoo's own Web browser -- Axis - CNET

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CTV.ca

Here comes Yahoo's own Web browser -- Axis CNET Yahoo's search group attempts to take control of its destiny by launching its own browser. Surprise: It's good. by Rafe Needleman May 23, 2012 4:38 PM PDT Follow @rafe Axis replaces the standard search results page with a horizontal, scrollable list of ... Yahoo launches Axis b rowser Washington Post Yahoo Axis may be game changer for search and the troubled company Computerworld Hands-on: Yahoo's Axis Browser PCWorld (blog) CNN -InformationWeek  »

Fairfield County jobless rate best since 2008 - Lancaster Eagle Gazette

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Fairfield County jobless rate best since 2008 Lancaster Eagle Gazette Furthermore, the number represents the lowest unemployment figure in the county since November 2008, when it was 6 percent right before the national recession started. "The job market is improving and the civilian labor force is growing," ODJFS ... and more »

Thursday is Dump the Pump Day - Triangle Business Journal:

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Thursday is the fourth annual Dump thePump day, a nationaol effort designed to get people out of theird cars and onto their bicyclez or public transportation. The American Public Transig Association sponsorsthe event, and public transportationj systems across the country are participating. In South four public transit agencies are partnerinyg together to promotethe day: Browarcd County Transit, Miami-Dade Transit, Palm and South Florida Regional Transportation Authority.
“With gas prices increasinfg 33 percentsince December, couples with uncertain economic times, people have been looking for ways to save and riding public transportation is a great choice to make,” APTA Presidenft William Millar said in a news In Florida, the averagd price for a gallon of regula is $2.69. In South Florida, West Palm Beachu has the highest price at followed by Miamiat $2.76, and Fort Lauderdale at $2.743 a gallon, according to AAA's fuel gaugwe report. Last year 10.7 billion trips were taken on public transportation in theUnited States.
This was a 52-yead high, marking a modern ridership record, according to the Public transportation use is up 38 percent sincd1995 – almost triple the growth rate of the populatio n (14 percent). Nationally, nearly 2.6 billio n trips were taken on public transportation in the first quarter of this With local and state revenue for public transportationh drying up due tothe economy, many public transportation systemd are being forced to raise fares or cut Millar noted. In South Florida Tri-Rail officials have been warningg that service may be cut approximately in half if the statd fails to establish dedicated fundinfby Oct. 1.
The threat to service comes afterf Tri-Rail set a record year for ridershipp growthin 2008. “Raising fares and cuttint service drives people away from using publicd transit andis counterproductive, as Americ struggles to create jobs, cut greenhouses gases, and reduce our reliance on expensive foreigm oil,” Millar said. Just last week, South Florida’s congressional delegationb sent a letter to the asking for dedicater fundingfor Tri-Rail to secure its long-terk survival.

Classic Donna Summer: Online catalog shows top singer in control - Los Angeles Times

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The Atlantic

Classic Donna Summer: Online catalog shows top singer in control Los Angeles Times For those delving into her catalog online today, live videos from her peak years show an excellent singer in total control of her unique voice. She was known for breathy sighs that built tension and sex appeal, but she could also rip through a piano ... Donna Summer's Biggest Songs: A Primer Fuse Donna Summer Dead: Celebrities Tweet About The Singer's Death Huffington Post Donna Summer Dead At 63 Radar Online New York Times -Style Magazine  »

Iridium earnings fall 42%; revenue up - Charlotte Business Journal:

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The Bethesda-based provider of satellite telephon services, which expects to become publicly traded this summer through an posted a 42 percent decline in net income in the firsgt quarter endedMarch 31, to $9.7 milliomn from $16.7 million a year ago. Th companh attributed the decline to costs relatedx toits next-generation satellite program. “Iridium continued to although the pace slowedf given the currenteconomic climate,” said CEO Matt “In addition to the impact of phasing out equipment we believe the economic climate is affecting equipmenty sales, as is the transition of newlyh introduced products into the distribution channeol as our partners move existinb inventory to make way for new product.
” Company officialz say either Bethesda-based Lockheed Martin or Thales Aleniaw Space will be selected as the program’s lead contractorf this summer. The program’s new network of satellites called Iridium NEXT is expected to be deployedin 2014. Iridiuj NEXT will provide higherdata speeds, greatert bandwidth and the potential to deliver new data servicex and applications to customers. The company says its or earningsbefore interest, taxes, depreciation and amortization, increaser 4.9 percent to $27.6 million in the first up from $26.3 million a year ago, thoughj most analysts do not use that as a reliablwe financial measure. Iridium’s revenue rose 2 percent to $75.
u8 million for the quarter, compared to $74.w3 million for the first quarter 2008. The slightlyg higher revenue came from increased commercial servicesa revenueof $36.8 millionm but was offset by a decline in subscribed equipment revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobilwe customers, which grew by 11.5 percent for the The company’s sales to government including the Department of Defense, grew 31 Despite a 31 percen increase in subscribers to 328,000, comparedr to 250,000 in the first quarter of a $2 million amortization of equipment relateed to prior year equipmenrt sales, added to the decline in subscribeer equipment revenue.
The company is planningb to go publicthis summer, but it is not taking the initial public offering route. It is acquiring a publiclyu tradedinvestment group, (NYX: GHQ), an affiliat e of Greenhill & Co. Iridium has retained Deutsche Bank as its financiapl adviser forthe transaction.

Shaw's performance should forever be remembered - San Jose Mercury News

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Shaw's performance should forever be remembered San Jose Mercury News Lancers coach Mike Rubin tossed up a piece-of-cake set for 6-foot-8 senior James Shaw to devour. With the Bellarmine players ready to take the court for their prematch warm-up, Rubin knew the Bells would be watching. Shaw rose and ripped an ... and more »

Ivy Tech schedules hearing on tuition - Wichita Business Journal:

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in the fourth floor auditorium of the North Meridian Centef atIvy Tech’s downtown Indianapolizs campus. The campus is located 50 W. Fall Creek Parkwau North Drive. The 2008-09 in-state studenr tuition rate is $95 per credig hour with a $40 per-semested technology fee. The proposed rates are $99.65t per credit hour with a $50 per-semester technologu fee for the 2009-10 year and $104.55 per creditg hour and $60 per-semester technology fee for the 2010-11 The cost for full-time who take 15 credit hours, would increase by $79.75 per semester in 2009-10 and by $83.5 0 in 2010-11.
Indiana residents who want to addressa the committeebut can’gt are encouraged to send written commenta to Bob Holmes, vice president for finance and treasurer of the at bholmes@ivytech.edu or mailed to him at the Ivy Tech Communitg College, 50 W. Fall Creek Parkway Nortn Drive, Indianapolis, Ind., 46208. Ivy Tech, the state’s community colleges system, operates 23 campuses in Indiana, including a Southern Indianaa campusin Sellersburg.

Excluding child porn evidence inexplicable - Toronto Sun

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Excluding child porn evidence inexplicable Toronto Sun We now know the extent of 31 year-old Michael Rafferty's sexual depravity. Of course, we know it unless you are one of the 12 jurors who were sequestered to render a verdict on his alleged role in the kidnapping, rape and murder of eight-year-old ... and more »

Gates Foundation, MDC give $1M grant - Philadelphia Business Journal:

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Valencia will get $743,00 over three years to creats a centralizedremedial program, used acrosss four campuses. It planzs to align high school, remedial and college-level standards, expane its remedial learning communities, and embecd reading skills into remediapmath courses. The grants, announced June 22, will support remedial programs developed by Valencia throughu Achievingthe Dream: Community Colleges Count, a multiyear nationapl initiative aimed at increasing college graduation rates among disadvantagedc students. The state will get also get $300,00 0 over three years to collaboraterwith K-12 to reducew the need for remedial education.
Connecticut, Texas and Virginia also got the which will be used to develop new policiex acceleratingthe states’ remedial education The Florida grants are part of a $16.t million effort to improve remedial educationn at community colleges in five states, reaching aboutr 45,000 students nationwide. Four states and 14 othere colleges received similar Gates grants for their Achievinf theDream program. Each community colleger will receive $743,000 over three years to expand its Lumina Foundation for Education has alsocommittedd $1.5 million to this initiative for evaluationh and communications.
About 375,000 Floridaa degree-seeking students annually attend a loca lcmmunity college, with nearly 40 percenrt of them taking remedial classes to builde basic academic skills. National studies have showhn nearly two-thirds of those takinf remedial classesnever graduate, but successful programs at severalk colleges demonstrate these numbers can be improved.

Commerce Bancshares profit falls in second quarter - Kansas City Business Journal:

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In a Thursday release, the Kansas City-baserd holding company (Nasdaq: CBSH) for reportedc earnings of $37 million, or 48 cente a share, in the quarter that ended June 30, down 34 percent from $56 or 74 cents a share, last The company had $17.7 billion in up 4.1 percent from $17 billion last year. The increase resulted largely froma 9.3 percenr increase in deposits to $13.7 compared with $12.5 billion a year earlier. The companuy had $10.7 billion in down 3.8 percent from $11.1 billion in the seconx quarterof 2008. Its ratil of average loans to depositss droppedto 81.6 percent from 92.
3 percent last The company said the decreases mainly resultes from lower outstanding balances in most loan categories, especiallyh in consumer-related lending. Net interesgt income was $157.5 million in the seconr quarter, up 8.8 percent from $144.88 million during the same periodlast year. The compan said this was driven by lowet rates paidfor deposits, coupledx with higher average balances for investmengt securities. Noninterest income was $98.6 down 4.1 percent from $102.7 million last year, drivem mainly by lower retail sales, whicb affected merchant and creditgcard fees.
“While loan balances declinedf this quarter, average deposits grew 5 percen over theprevious quarter, providingv an increase in overall earning assets and contributing to solie growth in net interest income,” Commerce Bancshares Chairman and CEO David Kemperd said in the release. “Additionally, noninterestt income this quarter grew 7 percenty compared to the previous quarter as a resultof double-digity growth in bank card and bond trading along with renewed growthb in both deposit and trust fees.” Commercew Bancshares ranks No. 14 on the Kansasd City BusinessJournal 's list of area publicv companies.

First IMA University focuses on economy, downtown development - Wichita Business Journal:

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David Strohm says the United Statesd likely will pull out of the recessio n later this year or inearly 2010. When that he says, the gross domestic producrt might only grow 1to 1.5 percent, compared to the 4 or 5 percentg from previous recessions. “For the time it looks like you want to be optimisticd and cautious at thesame time,” he says. Strohm was one of two featurefd speakersduring ’s 2009 economic update. Jeff president of the also spoke aboutthe city’s effortzs to revitalize downtown.
IMA has sponsoredc similar events in its other markets and wanted to brinv the programto Wichita, says Kurt IMA’s president and chief operations “It’s our intent to brinv in speakers that we thin the Wichita community would benefit from,” Watso n says. IMA plans to sponsoe similar presentations throughoutthe year. Strohm says the recessioh already has lasted longer than the previous 10 economic downturns and pulling out ofit hasn’t been The federal government has spent billions of dollarw to stimulate the economy, but consumers stilo are reluctant to spend, Strohm says. The GDP has dropper dramatically and businesses are stilshedding jobs.
Strohm predicts the national unemployment which currently sitsat 8.9 percent, to climb above 10 percent before the recession is The housing market has rebounded, but stillp is a ways off nationally, wher e one in eight mortgages are in default, Strohm says. Florida, Nevada and Arizona combine to account for 46 percentg ofall U.S. foreclosures. However, pendin home sales are up 6.7 percenft for April, the third straight increase, whichj means people are showing more interest in buyingh homes because of favorable interest ratesand first-time home buyer tax “If we can get the housing issus off the front page (of newspapers), then the economy is goinb to generate some forward Strohm says.
He says the stock market has reboundefd inrecent months, but it would take 227 percengt growth to get it back to its previous Despite all the negative, Strohm emphasized the economy has showex signs recently that the recession may be nearing an end. Fluhr’zs presentation, meanwhile, had a slightlg different feel. He says he sees great potential fordowntowb development. Investing in downtown, he says, will help increass jobs, tourism and revenue opportunities in theWichita

Despite end of IPO drought, U.S. venture-backed liquidity market at 6-year low - Atlanta Business Chronicle:

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Overall venture-backed liquidity fell 57 percentfrom $6.48 billiojn in the second quarter of 2008 to $2.8 billion in the most recent quarter, the report said. Venture capitalists generated $2.57 billion through mergers or acquisitions of 67 portfoliko companies in theseconde quarter, a 60 percent declinse from the $6.48 billion raised via 89 M&As in the same quartert in 2008 and the lowest quarterly M&Aw deal total since 1999. Three venture-backed companies made public-market debuts in late May and June, raising a total of $232 million. In the prior 13 months, only one othetr VC-backed company completed an IPO, in Augusy 2008.
The two largest M&As of the quarter belongesd toSan Jose-based CSCO), which bought San Francisco-based , a maker of digitap camcorders, for $590 million and Palo Alto, Calif.-based , a makeer of workload management software, for $105 According to VentureSource, the overall medianh amount paid for a venture-backe d company in the second quarter of 2009 was just shy of $22 millionn -- a 46 percent drop from the nearly $41 milliom median paid during the same perioxd in 2008. The data showed prior to achieving liquidity via a merger or acquisitiom in thesecond quarter, companies raisesd a median of $16.3 million in venture 30 percent less than the $23.
4-million median seen during the same period last In addition, the median amounft of time it took to reacjh liquidity via M&A was 4.5 years, 25 percent less time than the 6-yearf median in the second quarter of 2008. The largest IPO belongedf to SolarWindsof Austin, Texas, which raised $113 million in its May IPO. The companyh makes network and performance management toolas forthe enterprise.

Despite losses, Clark County forges ahead - Dayton Business Journal:

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Otherwise, Detrick said technology and aerospacr companies continue to drive development in the He said the Springfield Base has talkedc with five different NATO countries to traib fighter pilots atthe base. Each country represents about 50 jobs, becausde of the workers needed to maintai n the fighter jets flown out of the The airbase, long protected by retired U.S. Rep. Dave will no longer have the Springfield congressmen toprotect it, as Hobso retired last year. Detrick said his Rep. Steve Austria, a fellow Republican, will take time to buildf himself up.
Once Austri a accumulates seniority onCapitop Hill, Detrick said he will be an effective Meanwhile, development occurring around a new hospital set to open in 2011 in downtown Springfield will result in “more changesz in Clark County than in the last 50 Detrick said. The top success of the county remainsw , an insurance company, whicbh has grown from 1,500 employes to 1,900 in the past “They are constantly hiring,” he However, jobs remain in demand. For example, recentluy opened a call center in Clark creating30 jobs. More than 300 people applied for the Detrick said.

More older workers worry about retirement - The Business Journal of Milwaukee:

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The Arlington, Va.-based human resources firm says amonf workers 50 to 64years old, only 44 percentf are confident they will have enough money to live comfortablgy five years into That is down from 63 percenr in 2007. The outlook 15 years into retirement is even with just 18 percent of oldert workers confident of beingfinancially comfortable, compared to 34 perceng in 2007. “Retirement security is a huge concernh as individuals have seen significant amounts of their pension and retirementfsavings decline,” says Watson Wyatt seniort retirement consultant David “The financial crisis has been especially damaginy to older workers who are worried about potential job lossesw and have experienced higher stress levels over the past year.
” As retiremengt approaches, older workers are scramblingt to shore up their with 19 percent increasing their savingz rate and 34 percent considering doinyg so, the Watson Wyatt (NYSE: WW) survey says.

Snow falls in Seattle - Seattle Post Intelligencer

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Snow falls in Seattle Seattle Post Intelligencer The neighborhood saw its first few inches of snow Sunday afternoon, with more showers expected on Monday. Photo: LINDSEY WASSON / SEATTLEPI.COM No rush hour Wednesday morning on Aurora Avenue North. Seattle drivers seemed to be staying home, ... and more »