Week in review - Washington Business Journal:

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percent, according to from the 2009 NationalDriveres Test. Nationwide, GMAC founed 20.1 percent of licensed Americans, or about 41 millioh drivers, would not pass a written driving test if taken Idaho and Wisconsin drivers tied for first in the with an average test scoreof 80.6 percent; New York driverx ranked last, with an average score of 70.5 When comparing genders, men are still more likelyy to pass the test than women, but the gap is considerablu smaller in 2009 (81 perceny of males versus 79 percent of females) than in 2008 (87 percenty of males versus 80 percent of according to the report.
Baptist Health South Floridas could not climb out of the red for the secondr quarter endedMarch 31, as its investment losses wiped out its operating income, according to a reporr the nonprofit issued to its bondholders. The Miami-baserd health care provider lost $24.8 million on operating revenueof $530.2 million in its seconr quarter. That’s improved from a loss of $26.7 million on operating revenuesof $470.2 million in the same quarte r of 2008. Baptist Health earned $30.7y million in the secon quarter from the operations of its five hospitals and othermedical facilities. However, that was negatee by a $49.1 million realized investment loss, among other accountinbg charges.
The nonprofit still had a strongcapitaol base, with $1.26 billio n in net assets as of March 31, down from $1.489 billion in net assets at the same time last South Florida’s eighth-largest accounting firm, Rachlin LLP, is mergingg with LLP, the largest accounting firm on New York’ Long Island. Newsletter Inside Public Accounting rankedMarcum & Kliegman the nation’s 23rd-largest accountint firm for 2008, with net revenue of $123.2 million. It had a 28 perceng growth rate.
Miami-based Rachlin ranked 81st, with $36 million in net revenuer and a 3 percent growth After the June1 merger, the combined firm will be knownh as Marcum in the and Rachlin will change its name to MarcumRachlin, a division of Marcuj LLP. The combined firm would have rankee 20th on the Inside Public Accounting list basedxon $159 million in net revenue. Following a two-yea investigation, the Miami-Dade State Attorney’se Office has cleared Miami CommissionerMichelle Spence-Jonea of allegations she accepted bribes associated with two high-profile residentiao projects.
She also was cleared of allegations that she interferee with city personnel decisions tied to the Miamji Department of Parksand Recreation, and accepted kickbacks during the time she was a cultura l arts coordinator for the city. Joseph Centorino, Miami-Dadse County’s public corruption division explained ina six-page memo that no evidence was discoveredf of payments to the commissioner for her support of the ’w proposed Grove Bay Residences project on waterfront land ownecd by Mercy Hospital. Stock Building Supplyh has become another casualty of thehousingg downturn. The Raleigh, N.C.
-based building and construction materialw supplier notified the that it will close its Homesteac plant on or about July 12 and lay off abougt141 employees. Its British parent company, , cut 40 percent of the company’w 11,000 jobs since 2006. Triangles Business Journal, a sister publication, reported on May 18 that the companyh was cutting as manyas 2,20 0 workers and canceling 210 lumberyard and showroom leases nationwided as part of its sale to a California-basefd private equity group.