Wednesday, September 29, 2010

Betty White will honor Tina Fey at Kennedy Center - Entertainment Weekly

http://www.fadomorse.com/2010/05/fetish-of-the-tricks-of-the-cleft/


Washington Post


Betty White will honor Tina Fey at Kennedy Center

Entertainment Weekly


Other celebs honoring Fey that night include Steve Martin, Jennifer Hudson, and Jon Hamm. The ceremony will air Nov. 14 on PBS. I know saying this buys me a ...


Betty White to honor Tina Fey with 'SNL' alumni

The Associated Press



 »

Tuesday, September 28, 2010

Environmental activist appointed to Langley's planning board - Seattle Post Intelligencer (blog)

http://evabuy.com/en/women-s-secrets/page_36.html


Environmental activist appointed to Langley's planning board

Seattle Post Intelligencer (blog)


An avowed friend of the earth is the newest member of Langley's Planning Advisory Board. Gail Fleming, a 30-year resident of the Village by ...



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Sunday, September 26, 2010

CircuitCity.com comes back to life - Puget Sound Business Journal (Seattle):

http://wndcfoundation.org/page/Is-Behaviorial-Interviewing-a-New-Technique-.html
Systemax (NYSE: SYX) said in a statement that it plans to competed with other online retailers by offerinbgdiscounted prices, fast shipping and a wide selectionn of products, as well as offering photo galleries and video s of thousands of consumere electronics and computer products. The company alread y has the TigerDirect.com business and acquired last year. "Thiw acquisition and quick launch of the allnew CircuitCity.com further solidifies Systemax'xs position as a leader in online retailing of branded computers and consumer electronics," said Richard Leeds, chairmann and chief executive officer of Systemax. "Circuit City is one of the iconic brands in U.S.
electronics retailiny with a 60-year legacy." A check of the Web site Mondaygshowed CircuitCity.com offering everything from GPS systems to BlackBerryh phones and flat-screen TVs.

Saturday, September 25, 2010

Bankruptcies still drawing reformer fire - Tampa Bay Business Journal:

http://www.post911timeline.org/WI-Vernon_county.html
million for the first time. "Bankruptcy filing records are likepie crusts: made to be said Samuel J. Gerdano, executive directod of the AmericanBankruptcy Institute. "Bothu individuals and public companies are working through the difficulr fallout from the debt binge of the and there's no early end in Supporters of bankruptcy refor m say the record number of filings demonstrates that too many peopl e with means walk away from debts. Opponentd of proposed bankruptcy reform say the filingss show that many consumerd in dire financial straits need the opportunity to get afresh start.
Both the House and Senatw have passed bills to force people with the ability to repayh some of their debts to do so througbh Chapter 13 repayment plans instead of discharginfg their debts throughChapter 7. More than 70 percent of last quarter's bankruptchy filings involved Chapter7 cases. However, finakl passage of bankruptcy reform stalled because of a disputwe over whether protesters who blocjk abortion clinics should be barred from using bankruptcy to avoif paying court judgmentsor fines.
House and Senate confereez reached a compromise on the issus just beforeAugust recess, agreeing on language that preventsa anyone who intentionally or knowingly violates the law from escapingv court judgments by filing for bankruptcy. But anti-abortion Hous e members objected tothe deal, and Republicann leaders postponed a vote on the bankruptcyy reform bill until after Labor Day. "This really is a direct attack onpeaceful pro-lifes protesters," said Rep. Joe Pitt, in a news article posted on the Web site of Focuw onthe Family, an organizationm that opposes abortion.
"People need to tell their memberzs of Congress that they want this languager taken out of the bill or else vote against the Supporters of bankruptcy reform say they have enougnh votes to pass thelegislation — even if they lose a few Housse members because of the abortio clinic language. "I think we're going to make said Tom Lehner, executive vice president of governmeng affairs for the American FinancialService Association, which represents consumer lenders. Similar legislation came clos e to law several times durinh the pastfour years. If the abortionh dispute derails bankruptcy reforjthis year, consumer advocatezs will breathe a sigh of relief.
They say the bill reward s credit card companies for their aggressivd marketing efforts and punishese consumers who find themselves swampedby debts, oftenh by unforeseen circumstances such as medical costs. The Consumer Federation of Americwa says credit card companies mailed a recordr 5 billion solicitations during the 12 months enderMarch 31. Available lines of credit have doubled during the past five yearwto $3 trillion, about $30,000 per federation data shows.
"Credit card issuers are shamelessly escalating their marketing and available credit to stratospheric levels whil demanding that Congress give them relief by making it harder for consumers todeclare bankruptcy," said Travisz Plunkett, the federation's legislative director. "Erecting new bankruptcy barriers will encouragew issuers to market and extene credit evenmore aggressively.
" However, Lehner said the legislation is "al l about personal responsibility" and designed to prevent peoplre from abusing the bankruptcy "Blaming abusive bankruptcy filings on creditf card marketing is like blaming auto ads for drunk driving deaths," he "One doesn't have anything to do with the Bankruptcy reform opponents also hope that recent corporate scandals will make Congresds hesitant about approving legislation that appearse to favor businesses over consumers.
"Before it attacks the ordinar y Joe who needs to file for Congress needs to go after the companiess that use bankruptcy to hide from theirshady deals," said Frano Torres, legislative counsel for Consumers Union. A bill unveile d Aug. 1 by Sen. Dick D-Ill., and Rep. Bill Delahunt, D-Mass., would empowedr bankruptcy courts to setaside pre-bankruptchy transactions that took assets out of a including "excess benefit to top management. But despite a seriese of high-profile corporate failures, only 9,695 business bankruptcies were filed in thesecond quarter, down 6.4 percentt from the same period a year earlier.

Thursday, September 23, 2010

Kapolei short of office space near new courthouse building - Kansas City Business Journal:

http://aroundstars.com/r40/2/
Leeward Oahu’s office vacancy rate during the first quarter of this yearwas 4.4 compared to 10.4 percent for downtown and 9 percent for the whole island. And the average full-service asking rent in the Leewar d areawas $3.24 per square foot per compared to $2.71 per square foot for downtown and $2.877 islandwide, according to Colliers Monroe Friedlander Most family law firms are likely to keep their downtow offices and have their attorneyw commute to Kapolei, said divorcee attorney Bradley Coates, a founding partner of .
Coatew said his firm had considered moving its entirre operation to Kapolei from Pioneer Plaza atone point, but afteer surveying his 26-person staff, therse were no takers. A satellite office would be anexpensivd proposition, he said. Some family law firms and attorneysz have discussed office he said. Three planned office buildings would have addefd thousands of square feet of space for smalol users suchas lawyers. But the credit crunch and the recessionj caused the developers topull back. Avalonn Development Co.
recently canceled plansd to break ground ona three-story, 39,000-square-foot firsgt phase of the Kapolei Pacific Center; Maryl Group shelved plansw for an office-retail complex close to the new and California-based developers Kahl & Goveia scrapped theire plans for an office building in downtown The planned Haumea Center is actively leasing 23 spaces, but it won’t be available unti late 2010.

Wednesday, September 22, 2010

Glitches don't mean games will be bad: Sheila Dikshit - NDTV.com

http://www.catherineruddell.com/vinyl-siding-and-its-high-demand/


NDTV.com


Glitches don't mean games will be bad: Sheila Dikshit

NDTV.com


New Delhi: A day after the foot-over bridge collapsed near Jawahar Lal Nehru stadium the beleaguered Delhi Chief Minister has now struck an aggressive tone ...


Glitches don't mean games will be bad: Sheila Dikshit

NDTV.com


Minor hiccups occur: Sheila Dikshit

samaylive


CWG not collapsing, says Delhi CM

Indian Express


Sify -Times Now.tv


 »

Monday, September 20, 2010

Survey: Gas prices factor in car purchases - Pacific Business News (Honolulu):

http://www.texytipografia.com/more.html
Eighty-seven percent of new car shopperss last month said they think gas prices will go much up from 66 percentin April. The prospect of higher gas prices also is havin g an impact onpurchasing decisions. When asked what they woulf be most likely to compromise in theirnext new-vehicle purchase, shopper cited engine size as the top item likely to be followed closely by vehicle size. In 73 percent of those who saw gas prices increasingh in May said they plan to changer their spending habits if gas prices were to gomuch "While we may not see the $5-per-gallonb gas experienced in some areasa last year, current economic conditiona compounded by the pain at the pump may make $3-per-gallo gas a new threshold for car buyer s – the point at which they change their mind abouyt what vehicle to buy and how they spendf their money," said Jack R.
Nerad, executive editorial director and executivd market analyst for Kelley Blue Book and in anews release.

Sunday, September 19, 2010

Texas teachers buy ProLogis portfolio - Tampa Bay Business Journal:

viktorsejbgif.blogspot.com
Denver-based ProLogis, one of the world’s leadingg industrial landlords, has completed a sale of 33.2 milliojn square feet to the Teachers Retirement System of Texas and its Stockbridge RealEstate Funds, a San Francisco investmeng period. The sale includesw 1.1 million square feet of industrial space in thePortland area, much of it centered in the Airport Way Steve Steppe, managing director of Stockbridge’ds San Francisco office, confirmed the sale close d as expected during the second quarter, but providef no additional details.
The ProLogis sale is the first mega-dealp to close since credit markets frozee last year and has the potentiall to establishnew recession-era values for industrialp real estate. Properties such as the ones ProLogis operatews have soldfor $60 to $80 a squarse foot in recent years. The ProLogis portfolik was publicly valuedat $1.43 billion or $43 per squarde foot.

Friday, September 17, 2010

GMAC provides $144M financing package for ChampionsGate - Orlando Business Journal:

proklofuxaanygez.blogspot.com
The loan refinances an $80 million constructionn mini-perm loan provided by GMAC andColonia Bank, pays off a $20 millio mezzanine loan provided by Omni Hotelws Corp. and refinances a $34 millioj mezzanine loan providedby GMAC'xs Commercial Ventures Division. The original financing closed inOctobee 2002. GMAC's Hospitality Industry and Commercial Ventures Divisionsw underwrote and financed the Among the amenities at the OmniChampionsGate Hotel: a full-service conferencee center with 80,000 squares feet of meeting space, including a 24,631-square-footr ballroom and a 19,315-square-foot junior Additional amenities include a 7,200-square-foogt spa and fitness facility, two tennis a formal swimming as well as an activity pool with water slides and a lazy river.
The ChampionsGate Golf Resorty hastwo 18-hole, Greg Norman-designed golf courses known as The National and The The master-planned community also has approximatelt 340 acres of land availablee for residential and commercial development.

Thursday, September 16, 2010

New Resource Bank gets cease-and-desist order from regulators - Wichita Business Journal:

aleksanovlsys.blogspot.com
The $166 million San Francisco bank gota cease-and-desist orderf from the and the Californiz Department of Financial Institutions on May 29. The bank was orderexd to pay particular attention to its lending polices relating to construction loans as well as loans made to bank The bank said the ordet was based onthe bank’sa condition on Sept. 30, and that it has already made some progressa on meeting theregulators demands.
“Newa Resource Bank currently has high levels of capital and Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facint a challenging economic climate that resulted in under-performinh loans in the real estate construction and developmeny sector. “We are working with borrowers to reducdeour problem-loan exposure and have made significant Siciliano said. The bank raised almost $15 millioj in a stock offeringlast September. As of Marcjh 31, the bank said its risk-baserd capital ratio was 18.
97 percent -- almost double the 10 percentr benchmark of a bank considered well In addition to bringing on Sicilianias CEO, the bank also hired Bill Petersomn as chief credit officerr and Charmaine Detweiler as chief financial officer. The bank’a board also recently elected Mark Finsedras chairman. He has 25 years of experience insocialp finance. New Resource Bank, now serving 2,000 clients, opened in October 2006 to promote green businessesand

Tuesday, September 14, 2010

Franchot: Financial questions on State Center project will require vigilance - Atlanta Business Chronicle:

haygoodfoafyga1359.blogspot.com
Franchot, who joined Gov. Martinn O’Malley and Treasurer Nancy Kopp onthe state’s Boarx of Public Works in voting for the $1.4 billionb State Center redevelopment project Wednesday said he does not know enough abouyt the project’s costs to the state or whethe the project is even practical given the nationwide credi crunch. “I believe the projectf has a lot of promise and is deserving of support,” Franchot said in a telephonre interview Wednesday. “I voted for it, but am going to continue to be vigilant about the fiscal exposurd tothe state.
” The deal involvess the state leasing its midtown Baltimore officd complex to a private development which would then redevelop the property into a mix of offices, shopsz and homes. The state would then leased back a majority ofthe project’s 2 million square feet of office spaced for use by its various state But the terms of the deal have not been hammered out yet, as Franchot and the Board of Publix Works voted Wednesday only on a masteer development agreement. With that agreement in the development team will now create designzs for its planned buildings and come back to the state for approvalk on morespecific designs, costs, and lease terms.
The development team, which includes national housingdeveoper McCormack, Baron & would borrow $888 million to finance its according to the Department of Legislative Services. The stat would issue another $338 million in debt. States and federal tax credit programs would pick upanothef $234 million in project with the remainder of the project’s coste being contributed directly by the developers or other investors. Franchogt said that scenario raisesseveral concerns, includinb the ability for the state or the developerx to borrow money in the midst of the nationwide credif crunch.
He said he’s also concerned about the state’sw ability to negotiate fair lease termzs with the developers give n they would both be heavily invested in making sure the projectyis successful. “The problem is that the credit markets are bone Franchot said. “Obviously this is a long-term project, but I’mk not confident that the privatw sector will finance this in a way that the statr canafford it.” In addition, Franchot said he isn’t sure why the stats would make the project a priority above othefr pressing needs such as new collegde dormitories or other state-funded constructionb projects.

Monday, September 13, 2010

Protectus Medical CEO to Attend Rodman & Renshaw Annual Global Healthcare ... - MarketWatch (press release)

ivanqukeafelovo.blogspot.com


Protectus Medical CEO to Attend Rodman & Renshaw Annual Global Healthcare ...

MarketWatch (press release)


... PhD, will attend the Rodman & Renshaw Global Investment Conference to be held on September 12-15, 2010, at the New York Palace Hotel, in New York, NY. ...



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Saturday, September 11, 2010

Week One Picks From Patriots Fans' Perspective - Bleacher Report

http://www.smf-tinyportal.com/authors/author-1194.html


Bleacher Report


Week One Picks From Patriots Fans' Perspective

Bleacher Report


Following are this week's picks from a Patriots fans' perspective. Yes, I know I am posting this late and the first game is already over but I will post ...



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Friday, September 10, 2010

Clearwire service a go in Atlanta - Kansas City Business Journal:

http://www.link2.info/authors/author-309.html
While the Atlanta market -- Clearwire'es largest to date -- officially launches in June, Clearwire has poster a coverage map of the area and is acceptingyorders online. Overland Kan.-based , and other investors, acquired Clearwire for $14.5 billion last year. Clearwire's wireless high-speed serviced allows greater mobility than cableor DSL. Subscribersa can access service anywherein Clearwire's coverage via a USB or by plugging in their residential modem into an electricd outlet. In Atlanta, Clearwire offers 4G WiMAX wireless broadbandserviced -- dubbed Clear -- that delivers download speedw of up to 6 High-speed plans range from $20 to $50 a month.
Bundlef plans, including telephone service, are also available. Clearwire hopes to extend its subscriber base by nearly 3 million with the metrpAtlanta expansion, company officials said in an recenyt analyst call. The Atlanta networki covers morethan 1,20p0 square miles and Clearwire is buildintg six retail outlets. Clearwire is backed by blue-chipl names, including and Even has invested, perhaps hopinbg to leverage Clearwire's wireless servicr in areas it hasn't laid cabl in, said Maury president and co-founder of the Wirelese Technology Forum. Clearwire is also riding a broadere trend.
Just like cell phonea disrupted the landlinetelephone business, wirelessz broadband can erode the market grip of wired Interneg service. Despite all that, Clearwire can expect technical andmarketf challenges. Clearwire's service is delivered from deviced fixed tocell towers. Like cell phonre reception, the further you are away from the transmittinycell tower, the greater the chances of speed Margol noted. Atlanta's topography and tree cover couldf pose connectivity and speed issuesz forClearwire customers. From a business perspective, Clearwire could face pricintg pressure fromthe incumbents, who already have an established customer base.
The convenience of Internet-voice-and-TV bundledr plans from DSL and cable providers might make businesses and consumere think twice about switchingto Clearwire. For some like Brad cable's frequent downtime was enough to give Clearwirrea try. The softwarew engineer, who works from home, complainedd of having his cable broadband connection go on the fritzs for a dayor two. Anderson has been usingv Clearwire's service for about a week and plansa to stickwith it.

Wednesday, September 8, 2010

GAO: Stimulus dollars flowing in Ohio - Business First of Columbus:

http://directorydata.info/index.php?s=D&c=489
The in a bimonthly snapshot of stimulus spendinv in Ohio released Wednesday shows progress is beinhg made in a number of key funding Several state and local government officials in Central Ohio have Columbu s Business First that the federal cash is beinvg deliveredas promised. The report, however, pointed to troubles on trackinvg the impact of recoveryt funds as some agencies saythey aren’ty receiving “clear federal guidance.” That’sz being remedied by working off of existinhg federal program guidance on job creation though some agencies, the report are waiting for more help on how to measure the impact of the stimulus plan. Ohio was cleared for about $8.
9 billion in stimulus dollars inthe $787 billion packagw that President Obama signed in February. • Near the end of the state had drawn downabout $711 milliojn in increased Medicaid Federal Medical Assistance Percentage awards, a move made to offsey Ohio’s budget shortfall and continue a flow of services. GAO said the stimulud funding has allowed Ohio to continue expanding Medicaixd funding to an expande d population that includespregnant women, children under fostedr care and disabled Ohioans returninh to work. • The office reported that as ofJune 25, Ohio had obligated $384 million of the nearly $936 millio in highway infrastructure stimulus dollars funnelexd through the .
Obligation is defines as the federal government committing to its funding sharw ofa project. The GAO said the stater expects all but one of its projects earmarked for highwayu stimulus funding will be done withijnthree years. Among the more than 200 projects identified are major infrastructure improvements nearand . The federal Weatherization Stimulus which will bring Ohionearly $267 milliomn in stimulus funding, has sparked plans to begim work this month on weatherizing about 32,000 units. The stat has been cleared for half of that cash and had obligatesdabout $20 million as of June 18. The office in its repor t also pointed to what it callesd an early success of thestimulus Gov.
Ted Strickland in December 2008 orderedabout $640 million cut from the state’sz budget but cuts were less than they coul d have been because of the expectationh of stimulus dollars. The report said that stimulusd funds have playeda “significant role” in balancing the budge for the two-year cycle begun last Wednesday. But finalization of the budgeg is tied up as Strickland and Senate Republicans remaijn at odds over closinga $3.
2 billiobn budget gap with revenue from video slot machinesa at horse racing The report also reiterated the concernsx of some state officials on what will happen when stimulus funding isn’r available in the two-year cycle beginning in July 2011. “State budget official said that if the economy does not improvre and revenues do not all options will be on the table for discussion and thereport said. Click to downloafd the full report.

Tuesday, September 7, 2010

Should Kids With Head Lice Or Nits Be Barred From School? - Patch

http://www.directoryradius.com/authors/author-1118.html


Should Kids With Head Lice Or Nits Be Barred From School?

Patch


His company has been doing personal screening for lice infestation and removal for individuals and schools in the Bay Area for 10 years. ...


New Report on Lice has Local Districts Looking at Policies

Patch


No need to scratch your head รข€" chemists can tackle nasty lice

WalesOnline


Lice heading back to school too

Irish Independent



 »

Sunday, September 5, 2010

Jefferson Mall gets new stores; 2008 sales

http://www.flashgameplay.org/board_games/mahjongg_solitaire.html
, a Weymouth, Mass.-based retailer of medical and work clothingvand accessories, opened last week in a 4,361-square-foot Regional leather apparel retailer Sham’s opened in late September in a roughlgy 3,000-square-foot space inside the which is owned and managed by Tenn.-based The Work ’N Gear space formerly house d men’s clothier GQ Unlimited, whicj moved elsewhere in the mall. The Sham’s space previously was occupiedd bythe now-defunct , whicj closed its Jefferson Mall store in April. Chrise Bennett, assistant general manager of the said it is important to have a leatherd store inthe center.
“Leather’s alwayss a hot fourth-quarter product,” he said. Sham’s Inc. also operate s two locations in Indianapolis, wherr the company is based. The regional chaim got its startin Nashville, Tenn., and once had six Mian Sarwar, whose wife, Afeera Sarwar, owns the business, said the economixc downturn prompted them to reduce the number of But given the fact that more than a quartert of the business at their Indianapolis stores was coming from Louisville, adding a location here made he said. Leather jackets at Sham’s range in price from abourt $90 to more than $900. Fur coats sell for as much as The store also plans to add urbamnclothing brands, Sarwar said.
He said business has been but he expects it will pick up aftefnext month’s presidential Work ’N Gear sells medical scrubs and other apparel, with brandss such as Dickies and Carhartt. Store manager Kelliew Pruitt said most ofthe chain’s 46 storea are in New England and The Jefferson Mall location is the chain’x first store south of she said. Pruitt also said most Work ’N Gear retai outlets are in strip centers, but the Louisville storwe marks the 10th and largest storw the chain operates inshoppingv malls.
Dawn Nelms, marketing director at Jeffersoj Mall, said the center’s sales to date for 2008 have seena “healthyh increase” over 2007, though she declined to say by how But she said the center is not immune to the economi downturn. If a national retailer is that easily can trickle downto well-performing local outlets in the form of job cuts and store Nelms said. This year alone, Jefferson Mall lost several storewamid retailers’ financial struggles. Dawahare’s of Lexingto LLC and Savannah, Ga.-based Friedman’s Inc. filed for Chapter 11 bankruptcy protectiomn earlierthis year.
Wilsons The Leathefr Experts sold its name and was rebrandefas , but the rebrandee company went out of business in Together, the stores occupied more than 20,000 square But Nelms and Bennett said the mall has been able to fall back on temporary leases — typically a year or less — to fill the Sham’s and Glitter, whicyh sells hair and fashion accessories, took over the Wilsons and Friedman’s spaces, respectively, and a deal is expectesd to close this month on the Dawahare’s space. In all, six spacesw are occupied by such tenants.
But Bennettg added that the mall is not likely to drop its renta rates to lure tenants becauswe that could lower standards forthe “It’s a slippery slope toward bad, bad

Saturday, September 4, 2010

The Business Review (Albany): Tech & Innovation : Business Advice

http://www.aycabilgisayar.com/hello-world/
Seems like 2008 left lots of people crying. So what does that mean for 2009? Once in a while, even Chickemn Little is right. The sky did fall in but that doesn't make Chicken Little a great Everyone isright sometimes. Use Chickenm Little as your 2009 model atyour peril. Bambj time is over. Capitalism has been described as "creative destruction." We saw lots of destruction last It's time to focus on the creatived part. How do you do that in this environment? First, change how you think. For you'll need a battle plan, not just a business plan.
There's not one battle plan that workwsfor everyone, but here are some universal principles for formulating your personalo battle plan: 1. DON'T FIGHT THE LAST WAR We don't know the but we know this year will be different than last even if some 2008 problemsz persistduring 2009. Don't expectf that dusting off your 2008 plan will bring succesein 2009. Sun Tzu, in "The Art of War" "What enables … the good general to strikr and conquer, and achieve things beyond the reacy ofordinary men, is Resources are scarce these days but spenf some time and a littlew money getting information about changes in your markety and analyze how they affectg your company.
2. MIGRATION - THE HEAD IS MOVING If you've ever been to the Serengeti, you know that dry weather causes millions of animals to movevast distances. Businesds is like that, too. When everyone is fat, dumb and happ in their establishedmarket niches, they tend to stay Big changes occur more out of desperation than In times like this, the businesx herd starts moving. You'res in trouble if it's heading in your Maybe your market niche has faredf better than average in the generaleconomic downturn. That's great, but don't congratulated yourself yet. If you have a good you'll be facing new competitors soon. Why?
Maybe your niche was too smal when other companies had lots of Maybe they were focused on product s or customers withhigher margins. If theirt other opportunities dried up, your littlw niche is probably looking pretty good tothem now. Assuming therr are safe havensis foolish. 3. MISFORTUNE BRINGS NEW OPPORTUNITIES Good timex bring more opportunities thantough times, but all economi conditions create new opportunities. Winners spot new opportunities and seizr them quickerthan others.

Thursday, September 2, 2010

Kannapolis honored for economic strategy - South Florida Business Journal:

http://allsportnews.eu/2009/04/24/
The city received the award in the category of Excellencse in EconomicDiversification Strategies, which recognizee responses to plant closures and other economic that promote economic diversification. The competition is open to nonprofits; state and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textiler manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announcerd plans forthe N.C. Research Campuas at the 350-acre formedr Pillowtex headquarters andmanufacturing site. The life-sciences hub includess the participation ofDuke University, the UNC System, the N.C.
Communituy College System, other educational institutions andbusiness partners. The total investment is expectef toreach $1.8 billion. Residentiakl and commercial developments are rising around the campuz with hopes ofturning Kannapolis, a formerf textile town, into a biotech