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Jobs report shows snail’s pace recovery

Written By Unknown on Sabtu, 03 Agustus 2013 | 18.38

A lukewarm July jobs report, with employers reporting that they added the fewest new positions since March, is another sign of a sluggish recovery, economists said.

Employers added 162,000 jobs last month while the unemployment rate fell to 7.4 percent, largely because of a shrinking labor force.

"It's not striking you as something horrible, but it's not the direction you want to see," said Elliot Winer, chief economist at Northeast Economic Analysis Group.

Many of the jobs that were added were low-paying, low-productivity jobs in the retail and food-services industries, according to Nigel Gault, co-chief economist of The Parthenon Group.

"We didn't create a lot of jobs, and we weren't creating good ones," Gault said, who added the trend is not new. "It's certainly been something evident over the past year."

More than half of the new jobs added in July were in those sectors. The average workweek and hourly earnings both dropped, as well.

The results leave uncertainty about the short-term decisions of the Federal Reserve Bank. Chairman Ben Bernanke had indicated tapering of the central bank's $85 billion bond buying program could end in September if the economy continued to improve. The bond buying program has kept interest rates low, and has been a key factor in a resurgent housing market.

"It leaves fed policy up in the air," Gault said.


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BMW 328i is all about performance

A sports sedan traditionally includes a manual gearbox and rear-wheel-drive that provide drivers with a more intimate connection with the road, but the BMW 328i challenges that with an eight-speed automatic transmission and all-wheel drive — features that will give a sports sedan purist pause.

My first impression as I slid into the driver's seat of our 328i tester was that the sedan was more about performance driving than luxury and comfort. That's not to say that the 328i lacks a well-appointed cabin. It's extremely comfortable with eight-way adjustable firm leather seats with the right amount of padding on the doors and center console to keep a driver comfortable yet alert and awake.

Our test BMW had a turbocharged in-line four-cylinder engine that put out 240 horsepower. BMW brands its all-wheel-drive feature as xDrive, in which power is distributed with a rear-wheel drive bias — a hard-to-live-without ­option for year-round New England driving.

The 328i's modest turbo provided plenty of might for around town and back-road driving. The extra gears from the eight-speed automatic transmission provided smooth and instantaneous power for passing on the highway. The sedan also has an auto start-stop function that turns the engine off when the car stops to conserve fuel. The feature can be deactivated if it becomes annoying.

The sedan has three driving modes — a fuel-sipping eco pro, comfort and sport. Switching to sport mode distinctively increased engine RPMs and acceleration. Toggling between the modes also changed the feel of the electronic-controlled steering. Four-wheel independent suspension allowed for spirited cornering with the ability to smooth out bridge expansion joints and other road bumps. Ventilated brakes, stability and traction controls provided peace of mind.

BMW takes safety technology to another level with its lane departure warning function. The feature not only uses warning lights to alert drivers if they unintentionally exit their lane but also sends an additional alert by vibrating the steering wheel.

Our test model, which topped out at just over $52,000, returned 33 mpg highway and 22 mpg city. While those gas mileage numbers are respectable, they are offset by the ­sedan's premium fuel require­ment.

The 328i has four optional equipment lines — luxury, modern, sport and M sport. Our tester equipped with the modern package was elegantly styled. Under­stated aluminum trim on the grille, intakes, and front and rear bumpers played well against the mineral gray metallic ex­terior paint. And the 18-inch turbine-style alloy wheels served as a re­minder of the sedan's performance abilities.

A 6.5-inch flat screen display in the center of the dashboard highlights the 328i's cockpit. Navigation and radio functions were easily accessed via a large dial located beside the shift lever. I found the 328i had good front and rear legroom and a spacious trunk. A split folding rear seat-back helps to create more trunk capacity. However, I found the sedan had limited storage along the doors and the center console cup holders­ were on the small side and too close together.

The 328i's all-wheel-drive option is a must-have for Northeast driving,­ and I personally liked the eight-speed automatic trans­mission. Sports ­sedan purists can drop the xDrive feature and go with a six-speed manual. Not enough power? More power can be found with the BMW 335i turbocharged six-cylinder.

There are plenty of other­ sports sedans worthy of consideration, but few can match the resale value of the BMW.


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Red Sox owner enters $70M deal for Boston Globe

BOSTON — Businessman John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy The Boston Globe for $70 million, a massive drop from its record $1.1 billion price two decades ago.

The impending purchase from The New York Times Co. marks Henry's "first foray into the financially unsettled world of the news media," the Globe said Saturday. The deal will give Henry the 141-year-old newspaper, its websites and affiliated companies, it said.

The Times announced in February it was putting the Globe and related assets up for sale four years after calling off a previous attempt to sell it. The company's CEO said at the time selling the Globe would help the company focus attention on The New York Times brand.

Times spokeswoman Eileen Murphy confirmed the planned sale of the Globe and other media properties to Henry. The Times said the all-cash sale, expected to close in 30 to 60 days, includes BostonGlobe.com, Boston.com, The Worcester Telegram & Gazette, Telegram.com, the direct mail marketing company Globe Direct and the company's 49 percent interest in Metro Boston, a free daily newspaper for commuters.

Henry, in a statement published by the Globe, cited the "essential role that its journalists and employees play in Boston, throughout New England, and beyond."

"The Boston Globe's award-winning journalism as well as its rich history and tradition of excellence have established it as one of the most well respected media companies in the country," Henry said.

Henry, who also owns the English Premier League soccer club Liverpool F.C., said he would reveal details about his plans for the Globe in the next few days.

The Times bought the Globe from the family of former Globe executive Stephen Taylor in 1993 for what it said was the highest price paid for an American newspaper. The price Henry is paying is less than 7 percent of the 1993 price.

The Globe and other newspapers have faced difficulties in recent years as readers have fled to the Internet and advertisers have cut spending on newspapers and moved more ads online. Still, the Globe is a journalistic institution in New England and was lauded for its coverage of the deadly Boston Marathon bombings in April.

A 2009 round of cost-cutting, involving pay cuts, helped put the Globe on better financial footing and prompted the Times to call off a planned sale. In late 2011, the Globe started charging for access to its online version at BostonGlobe.com, which helped to boost circulation revenues.

The Times company doesn't separate Globe revenue from The New York Times revenue in its financial statements. But the Globe had an average weekday circulation of 230,351 in the six months through September, according to the Alliance for Audited Media. The newspaper's increase in digital subscriptions more than offset declines in print. But the total is still down significantly from the nearly 413,000 it boasted in September 2002.


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New Zealand botulism scare triggers global recall

WELLINGTON, New Zealand — New Zealand authorities have triggered a global recall of up to 1,000 tons of dairy products across seven countries after dairy giant Fonterra announced tests had turned up a type of bacteria that could cause botulism.

New Zealand's Ministry of Primary Industries said Saturday that the tainted products include infant formula, sports drinks, protein drinks and other beverages. It said countries affected beside New Zealand include China, Australia, Thailand, Malaysia, Vietnam and Saudi Arabia.

Fonterra said its customers were urgently checking their supply chains.

One New Zealand company has locked down five batches of infant formula and China is asking importers to immediately recall products.

Fonterra is the world's fourth-largest dairy company, with annual revenues of about $16 billion.

The news comes as a blow to New Zealand's dairy industry, which powers the country's economy. New Zealand exports about 95 percent of its milk.

Consumers in China and elsewhere are willing to pay a big premium for New Zealand infant formula because the country has a clean and healthy reputation. Chinese consumers have a special interest after tainted local milk formula killed six babies in 2008.

The Centers for Disease Control describes botulism as a rare but sometimes fatal paralytic illness caused by a nerve toxin.

Fonterra said it has told eight of its customers of the problem, which dates back more than a year, and they were investigating whether any of the affected product is in their supply chains. Fonterra said those companies will initiate any consumer product recalls.

At a news conference Saturday, Fonterra repeatedly refused to divulge the companies, countries or specific products affected. Gary Romano, the managing director of Fonterra's New Zealand milk products, said his company supplies raw materials to the eight companies and it is up to them to inform their consumers of what products might be tainted.

The company did acknowledge its chief executive, Theo Spierings, planned to fly to China Saturday, in part to deal with the fallout from the botulism scare.

New Zealand's Ministry for Primary Industries said Saturday that New Zealand company Nutricia had used some of the tainted product in its Karicare line of formula for infants aged over 6 months. Nutricia had locked down all five batches of infant formula it believed contained the tainted product, the ministry said. But it advised that parents should buy different Nutricia products or alternative brands until it verified the location of all tainted Nutricia products.

China's product quality watchdog issued a statement urging importers of Fonterra dairy products to immediately start recalling the products.

The General Administration of Quality Supervision, Inspection and Quarantine also told quality agencies around China to step up inspections of milk products from New Zealand.

Romano said the problem was caused by unsterilized pipes at a Waikato factory. He said three batches of whey protein weighing about 42 tons were tainted in May 2012, adding that Fonterra has since cleaned the pipes.

The New Zealand ministry says the tainted product has been mixed with other ingredients to form about 1,000 tons of consumer products worldwide.

The company said in a release it identified a potential quality problem in March when a product tested positive for the bacteria Clostridium. Many strains of the bacteria are harmless, the company said, and product samples were put through intensive testing over the following months. It said that on July 31 it discovered the presence of a strain of the bacteria that can cause botulism.

Romano said Fonterra hasn't received reports of anybody getting sick and added that the problem hasn't affected any fresh milk, yoghurt, cheese or long-lasting heat-treated milk.

New Zealand's Ministry for Primary Industries said it was working with the company to investigate.

Spierings, the chief executive, said in the release that food safety was the company's top priority.

"We are acting quickly," he said. "Our focus is to get information out about potentially affected product as fast as possible so that it can be taken off supermarket shelves and, where it has already been purchased, can be returned."

Earlier this year, Fonterra announced it had discovered trace amounts of the agricultural chemical dicyandiamide in some of its products, prompting a ban on the chemical's use on New Zealand farms.

Rabobank's 2012 Global Dairy Top 20 report ranked Fonterra as the world's fourth-largest dairy company by revenue behind Nestlé, Danone and Lactalis. The company is a cooperative, partially owned by thousands of farmers.

In 2011 the company collected 15.4 billion liters (4.1 billion gallons) of milk in New Zealand, representing about 90 percent of the country's total.

In 2008, six babies in China died and another 300,000 were sickened by infant formula that was tainted with melamine, an industrial chemical added to watered-down milk to fool tests for protein levels. Fonterra at the time owned a minority stake in Sanlu, the now-bankrupt Chinese company at the center of the scandal.


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Tough choices ahead for The Boston Globe

Written By Unknown on Kamis, 01 Agustus 2013 | 18.38

Big changes could be coming to The Boston Globe under its impending regime change that could include staff cuts, a narrower focus in coverage and a newsroom relocation, industry experts told the 
Herald.

"The two biggest questions are how large a newsroom do they keep and how do they deploy those resources," Ken Doctor of Newsonomics said. "Do they go more local and assume more people are getting more national and global news elsewhere? That's going to be a very important 
question."

Any day now, The New York Times Co. is expected to announce the sale of its little sister paper, the Globe. Potential buyers reportedly have included Red Sox owner John Henry, Tampa-based Revolution Capital and a local group consisting of the Taylor family and former Time CEO Jack Griffin.

Doctor said new owners will have to decide how much patience they'll have for low profits at a time when the Globe's bottom line is likely to be under even more strain this year than it was in 2012.

"The critical question for the new owners, especially with the names we've seen, is what is it willing to accept for the next two to three years in terms of profitability?" Doctor said. "Are the owners willing to take less profits?"

Another question facing new ownership: what to do with other assets in the Globe portfolio, including the Worcester Telegram & 
Gazette.

"I think odds are the Worcester paper will be sold separately once the transaction is concluded," said Joshua Benton of the Nieman Journalism Lab at Harvard University.

And Globies' days on Morrissey Boulevard may soon be numbered, Benton said.

"I do think real estate is a really big part of the hard asset value of a lot of newspapers these days," Benton said. "Whoever ends up owning the Globe in six months will be thinking very hard about maximizing the value of the real estate asset."

The Times paid $1.1 billion for the broadsheet in 1993, the highest newspaper sale price in U.S. history at the time. Earlier bid prices this time reportedly have been in the disappointing $65 million to 
$80 million range.

Meanwhile, the Times is expected to host a quarterly earnings call this morning — an opportunity for Times CEO Mark Thompson to reassure investors the Globe won't be part of its portfolio much longer, Doctor said.

"For the last several reports, the Globe has lagged the Times itself, so it has brought down the Times-owned progress," Doctor said. "From Mark Thompson's point of view, the optics are, 'Look at this as the New York Times digital expansion and look at the numbers in that light. You no longer have to pay
attention to the Globe group financials, because those are no longer part of the picture.'"


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Glaxo case shines light on China's medical bribery

BEIJING — Huang Dongliang says his uncle was being ignored by his low-paid cancer specialist at a Chinese government hospital. So the family gave the doctor a "hongbao," the traditional red envelope used for gifts, with 3,000 yuan ($480).

"We could feel an obvious difference" after that, said Huang, who lives in the southeastern city of Quanzhou. "The doctor started to do more checkups, to give suggestions and advice and offered a detailed chemotherapy plan."

Such informal payments pervade China's dysfunctional health system. Low salaries and skimpy budgets drive doctors, nurses and administrators to make ends meet by accepting money from patients, drug suppliers and others. Accusations last month that GlaxoSmithKline employees bribed Chinese doctors to prescribe its drugs brought international attention to the flow of illicit money. But to China's public, the practice has long been common knowledge.

Many blame a system in which the country's hospitals nearly all are state-run but get too little money from Beijing. Most of China's 2.3 million doctors are hospital employees and are barred from adding to their income by taking on second jobs.

"Physicians are way underpaid and they need to find a way to survive," said Gordon Liu, a health care economist at Peking University's Guanghua School of Management.

The ruling Communist Party has promised higher health spending as part of efforts to spread more of China's prosperity to its poor majority. But with a population of 1.3 billion, the cost of a full-scale overhaul will be daunting for Beijing. The government faces other financial demands while economic growth is slowing.

Under the current system, the state-set price to see an oncologist or other specialist is as little as 8 yuan ($1.25) — less than the cost of a hamburger and too little to cover a hospital's expenses.

An experienced physician might earn 6,000 yuan ($980) a month. That top level is about average for an urban Chinese worker at a time when a 100-square-meter (1,000-square-foot) apartment in Beijing can cost more than 6 million yuan ($1 million).

To fill the gap, hospitals add surcharges to drug prices and assign employees sales quotas. Doctors and other employees accept money to move patients up waiting lists for surgery or to let them see the physician they prefer. Doctors, administrators and others take kickbacks from pharmaceutical companies to use more expensive drugs or use them more often. Bribes can also distort treatment by encouraging overuse of expensive drugs or procedures.

"There are many farmers and people without medical insurance, and it's they who suffer greatly," said Liu Junhai, head of the Commercial Law Research Institute of the ruling party's Renmin University.

Huang said that after his uncle was diagnosed with lung cancer last October, he went to the bigger nearby city of Xiamen, which had a reputation for "better medical ability and attitude."

"The doctor barely said anything useful after 12 or 13 days in the hospital," he said. "Then my cousin sent 3,000 yuan to get the doctor to pay more attention to my uncle."

Complaints about medical corruption have fueled public frustration at doctors, nurses and hospitals. Distraught families that pay extra are dismayed if a patient sickens or dies. That has erupted in a spate of stabbings and other violence against hospital employees.

Last year, 39 staff members of a hospital in the southern city of Gaozhou and five salespeople for drug companies were implicated in a kickback scheme that inflated medicine costs for patients, according to the newspaper Shanghai Evening Post.

The hospital director was fired and 382 employees returned 5.8 million yuan ($950,000) in improper payments, the report said.

"For the hospital's 35 drug suppliers, no matter which is selected, in order to give the hospital an incentive to sell more drugs, they will all find ways to make contact with doctors," the hospital director, Ye Guanrui, was quoted as saying. "In a hospital with 1,000 staff members, one-third will take kickbacks."

A half-dozen physicians and hospital employees approached by The Associated Press declined to talk about medical bribery, even on condition of anonymity, due to its sensitivity.

In the GlaxoSmithKline PLC case, police say employees of the British company paid doctors, hospital administrators and officials of the government and medical groups to encourage use of its medications.

Four employees have been detained. Police say they are suspected of laundering money through travel agencies to conceal the payments and evade Glaxo's internal anti-bribery controls.

Glaxo has tried to distance itself from the scandal, saying the employees acted without its knowledge and violated its policy.

Also last month, a rival drug manufacturer, AstraZeneca PLC, said police visited its office in what the company believed was an investigation of one of its sales representatives.

Last year, New York City-based Pfizer Inc. agreed to pay the U.S. government $60 million to settle charges its salespeople made improper payments to health care workers in China and other countries.

Estimates of how much outside money doctors and others receive range from 30 percent to up to 10 times their salaries, according to Peking University's Liu. He said he and colleagues have tried to gather data but hospital employees refuse to cooperate.

Despite the scrutiny directed at foreign drug suppliers, their Chinese rivals probably are more active at spreading around such payments, said Liu.

"In general, people would say domestic companies actually practice this informal payment approach almost as a common marketing strategy," he said. "For multinationals, this is not a common marketing tool."

The financial strain of health care on families is so great that it is distorting China's economy.

Until recently, few had health insurance and families saved a big share of their income to pay for medical emergencies. That left less for consumer spending, hampering the Communist Party's efforts to nurture self-sustaining economic growth based on domestic consumption instead of exports and investment.

The latest scandal could increase pressure on Chinese leaders to speed up promised health reforms.

The ruling party is promising more health care spending as part of an expansion of social welfare aimed at spreading China's new prosperity to its poor majority. The government says state-provided health insurance has been expanded to cover 95 percent of people in China, up from less than 50 percent in 2006.

Following the accusations against GlaxoSmithKline employees, the chairman of a government health panel acknowledged the link between low spending and graft.

Beijing has imposed price caps on several hundred drugs deemed essential. But that gave hospitals that add a surcharge to medicine prices an incentive to use more of them. The Cabinet's planning agency launched an investigation in July of production costs at 60 Chinese and foreign suppliers in a possible prelude to issuing new price standards.

The government has promised to ban surcharges by hospitals to reduce incentives to overuse drugs.

Beijing also has promised to pay doctors more, but Peking University's Liu said bringing them into line with comparable professions could require doubling or tripling salaries.

Instead, some reformers are urging Beijing to adopt a U.S.- or European-style system in which doctors can work second jobs and open private clinics.

___

AP researchers Fu Ting in Shanghai and Zhao Liang contributed.


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Study: Compounding pharmacy oversight inconsistent

BOSTON — A new federal report has concluded that the authority to regulate pharmacies engaged in drug compounding is "unclear" and "inconsistent" at the state and federal levels.

The Government Accountability Office also found that federal circuit court decisions have given the Food and Drug Administration different oversight authority in different parts of the country.

Democratic U.S. Reps. John Tierney of Massachusetts and Elijah Cummings of Maryland requested the report in the wake of a fatal nationwide meningitis outbreak linked to a Massachusetts compounding pharmacy.

The report also found that the lack of consensus about whether compounding drugs in large quantities should fall under federal or state regulators resulted in oversight gaps.

The report said that from 2002 to 2012, FDA officials had to obtain 11 warrants to inspect drug compounders' facilities that had challenged the agency's authority.


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New CEO Irving evaluates GoDaddy's place in racing

CHARLOTTE, N.C. — Blake Irving, new CEO of GoDaddy, is very much a car guy. How much of that translates into racing remains to be seen.

GoDaddy is in the final year of its IndyCar contract with Andretti Autosport and driver James Hinchcliffe, and all that's known about a multiyear NASCAR deal with Danica Patrick is that it runs at least through 2014. Irving said he likes both drivers very much and, during his first visit to an IndyCar race two weeks ago at Toronto, said both are strong GoDaddy ambassadors.

"If you think about both of them, the individual fit is kind of incredible," Irving said in an interview with The Associated Press. "Hinch is such a great fit because he's got such a great understanding of social media, he's actually popped on social media in a way Danica hasn't. But both of them from a characteristic standpoint have made their own way, whether it was super sharp on how you get sponsors, how you position yourself and then how hard you actually race and how hard you try. So for that fit, individually, both people are very, very unique and great for GoDaddy."

Since taking over as CEO of the website domain provider in January, Irving has attended one NASCAR race and one IndyCar race. He's spent time with Patrick, even dining with her and boyfriend Ricky Stenhouse Jr., and got his first extensive meeting with Hinchcliffe during the July 13-14 doubleheader at Toronto.

It came as the deadline nears, believed to be Aug. 15, when Hinchcliffe can negotiate with other IndyCar teams about his future. Andretti Autosport would like to have the three-time winner re-signed before the deadline, but first needs a commitment from GoDaddy.

Irving smirked when asked about GoDaddy's interest in staying in IndyCar. "I would absolutely never screw up my negotiating advantage by answering that question," he laughed.

But Irving said racing is a valuable venue and correlates with the GoDaddy message.

"Those two racers we sponsor, they are incredible individuals and they have this team of people who work behind them and are just there to support them, but do so much to make them successful," Irving said. "That's kind of what we think our job is: If we can do the same thing behind small business, and their brand gets to crush it and we just get to sit back and help them be successful, that's what we want to do. The analogies between the race business and our business and small business is huge. So it's a very important place for us to be."

Irving, a former executive at both Microsoft and Yahoo!, has a long-term vision for GoDaddy that begins with taking the company global next year. It means auto racing has to be budgeted into the overall spend as GoDaddy puts an emphasis on World Cup and reaching Latin American markets.

There will also be a new focus on the domestic advertising campaign, which began to shift toward small businesses during last year's Olympic Games. Patrick was in both Super Bowl spots in January, bringing her total to 12, tops among all celebrities.

She and Hinchcliffe currently co-star in the "Don't Be a Restraining Order Jim" domain name ad, which Irving said is likely one of the last of its kind.

"That ad is not on message for small businesses," he said. "I mean, it's funny and it talks about domain names and for the summer I think it's fine. But you'll see us move in the fall in a direction where people will know exactly what we do and who we do it for and people will walk out of those commercials saying, 'I never knew what GoDaddy did, now I know.'"

But make no mistake, new leadership at GoDaddy has changed nothing about Patrick's position as its No. 1 marketer despite her struggles to reach the podium.

"I do see social media, and do see Danica beat up sometimes," Irving said. "Mostly by male racing fans. Female racing fans love her. Non-racing fans love her. Our customers love her. She's a great representative for us. NASCAR, certainly in the states, is a great vehicle for us."

___

BUSCH-INDYCAR: Kurt Busch has been up front about his desire to run next year's Indianapolis 500.

He'd also like to run this year's IndyCar season finale at Fontana as sort of a warm-up. The Oct. 19 race is the night before NASCAR's event at Talladega Superspeedway.

"I'd like to do (Fontana) and then attempt the 500," Busch said during a break in testing this week at Watkins Glen. "If I can't get that oval race in, I just feel like I'd show up at the Indy 500 as a blind guy with a stick trying to find his way around and that is just going to be too much to make up. We're working on it, and it's a good possibility. We just have to keep our fingers crossed."

Busch is trying to put together a sponsorship deal to do the Indy 500/Coca-Cola 600 "double" next season. He'd like to run the 500 with Andretti Autosport, the team that tested him at Indianapolis last May, but needs funding to put together the team.

"Sponsorship is the name of the game," Busch said. "Everybody wants good advertising partners to do great things with, and I think this is a unique opportunity. We're out there looking and we're out there promoting and we'll see if things come together the right way."

___

ALLMENDINGER'S TOUR: The whirlwind for AJ Allmendinger continued this week as he tested at Watkins Glen with JTG Daughtery Racing, a day after running at Indianapolis Motor Speedway for Phoenix Racing.

Last weekend also saw Allmendinger run the Grand-Am race for Michael Shank Racing at Indy, where he led laps in the Indianapolis 500 and might have had a chance to win had his seatbelt not come undone.

"It's just been really cool being at Indy and realizing I raced three different types of cars at Indy this year," Allmendinger said. "To be able to drive for so many different teams and so many different series has been a lot of fun.

"I'm going to run the MotoGP (motorcycle) race at Indy as well," he joked.

There was an adjustment, though, testing the No. 47 at Watkins Glen, which he'll drive Aug. 11 for JTG.

"Just getting used to the team. This will be our third race working together," he said. "I feel fortunate for a lot of reasons. Team owners are taking a chance for me to drive their race cars, for sponsors to come aboard. Here, we'll have Scott Products on the car, and they've been a longtime sponsor of the 47 team. For them to want me to be a part of their team, be a part of their product, it means a lot. It's been such a great year."

Still, Allmendinger doesn't know what the future holds.

"This year's been a lot of fun kind of jumping back and forth," Allmendinger said. "But next year I hope I've got a full-time ride in something. I'm just looking at what's the best opportunity to go out there and win races, have fun with a race team, just enjoy racing. That's something for me this year I've really kind of gained again."


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Delta CEO calls for open skies in Japan

Written By Unknown on Rabu, 31 Juli 2013 | 18.39

TOKYO — The CEO of Delta Air Lines is urging the Japanese government to open the country's skies to greater competition from foreign airlines.

Richard Anderson said Wednesday that protection of domestic carriers is holding back foreign airlines such as Delta. Japan is a key Asian market for the U.S. airline.

He told a press conference he wants to move Delta's Tokyo base to Haneda Airport from Narita International Airport because Haneda is closer to downtown Tokyo, but the government is creating obstacles.

He cited plane slot restrictions at Haneda and said the government is prioritizing domestic carriers such as All Nippon Airways and Japan Airlines.

"I think their measured approach is that they'd like to leave us at the less preferable airport outside of town to advantage the two incumbent flag carriers," said Anderson.

But Hirokazu Kaneko from the Aviation Industries division of the Japan Civil Aviation Bureau said Haneda is at full capacity based on the bureau's calculations.

"We're reaching a point where adding more slots would become an issue of safety," said Kaneko.

Anderson said Delta moved its Tokyo hub to Narita in 1976 at the government's request. Now Delta wants to be based in Haneda again because it is closer to central Tokyo and draws more business. Narita is 68 kilometers (42 miles) from central Tokyo, about three times further away than Haneda.

Anderson said Delta needs 25 additional plane slots to move back.

Haneda will be adding 42 daytime slots for long distance flights in the Spring of 2014.

"Slots in Haneda are extremely valuable because it draws so many travelers so naturally, it's very competitive," said Yoshihisa Akai, head of research at Japan Aviation Management Research. "With so much competition as is, it's unlikely Delta will be able to get all the slots it wants."

Anderson said he will keep voicing his concerns.

"We look forward to the Japanese government opening up the skies, because we do not have open skies in Japan right now," he said.

At the press conference, Anderson also said Delta is open to forming an alliance with a Japanese carrier in the future. In 2010, Japan Airlines spurned Delta's promises of cash and a broad global network to stay in its alliance with American Airlines.

___

Follow Azusa Uchikura on Twitter at www.twitter.com/auchikura


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US economic growth likely weakened in Q2

WASHINGTON — Economists say steep government spending cuts probably did their worst damage in the second quarter and Wednesday's report on economic growth is expected to reflect that.

A FactSet survey finds economists expect GDP data to show the U.S. economy barely grew from April through June. But economists are hopeful that the weak second quarter is a temporary lull and some say growth is already starting to pick up.

Economists forecast that growth slowed in the April-June quarter to a seasonally adjusted annual rate of just 1 percent, according to a survey by FactSet. That's below the sluggish pace of 1.8 percent in the January-March quarter.

The Commerce Department will release the first estimate of gross domestic product Wednesday morning. GDP is the broadest measure of the output of goods and services, including everything from manicures to industrial machinery.


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US to auction wind energy leases off RI, Mass.

PROVIDENCE, R.I. — The federal government will for the first time sell competitive leases for wind energy on the outer continental shelf as it holds an auction for leases for wind farms off the coast of Rhode Island and Massachusetts.

The auction will be held Wednesday, although the Bureau of Ocean Energy Management said it could stretch into Thursday.

The area will be auctioned as two leases. It is 9 nautical miles off the coast of Rhode Island, sitting between and to the south of Block Island and Martha's Vineyard.

The Department of Energy estimates that the area could support enough electricity to power more than 1 million homes.

There are currently no offshore wind farms in the United States, though several are being developed in state and federal waters.


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Global stock markets drift ahead of Fed statement

BANGKOK — Global stock markets drifted Wednesday as investors waited for the Federal Reserve's latest assessment of the U.S. economy.

The Fed is not expected to announce any big changes when it releases an updated policy statement Wednesday at the end of a two-day meeting. However, investors are anxious for clues about when the Fed might start scaling back its monetary stimulus.

"We're unlikely to get anything new, but obviously everyone is cautious just in case we get anything new," said Andrew Sullivan of Kim Eng Securities in Hong Kong.

The Fed is buying $85 billion in Treasury and mortgage bonds every month to spur growth and lending. While long-term interest rates have been held near record lows, the program has also drawn investors away from bonds and into higher yielding investments like stocks and commodities. Recent hints that the Fed might start scaling back its stimulus program have sent stocks reeling.

Investors are also waiting for the U.S. government to Wednesday report its first estimate of economic growth for the second quarter. DBS Bank Ltd. in Singapore said analysts are expecting a drop in GDP growth to 1 percent from 1.8 percent. Most economists blame tax increases and government spending cuts for the sluggish second quarter.

Investors are also focusing on U.S. employment figures for July, due out Friday. Fed Chairman Ben Bernanke has said that the central bank could begin to scale back its bond purchases later this year if the economy strengthens, but Fed officials typically put greater weight on employment and inflation data than the GDP figures.

Britain's FTSE 100 rose 0.6 percent to 6,607.08. Germany's DAX was nearly unchanged at 8,271.51. France's CAC-40 rose 0.1 percent to 3,989.25.

Wall Street looked set for another lackluster day, with Dow Jones industrial futures nearly flat at 15,494. S&P 500 futures rose 0.1 percent to 1,685.90.

Japan's Nikkei 225 index tumbled 1.5 percent to close at 13,668.32. The Tokyo benchmark closed down 3.3 percent on Monday and then recovered about halfway Tuesday.

Hong Kong's Hang Seng fell 0.3 percent to 21,883.66. South Korea's Kospi dropped 0.2 percent to 1,914.03. Australia's S&P/ASX 200 advanced 0.1 percent to 5,052. Shares in Sydney jumped in the aftermath of comments by Reserve Bank of Australia governor Glenn Stevens, who on Tuesday suggested there was more room for interest rate cuts if needed.

Benchmarks in mainland China rose while Singapore, the Philippines, Thailand and Taiwan fell.

Chinese property stocks were among the big gainers. Shanghai-listed Poly Real Estate Group advanced 3.2 percent while China Resources Land rose 3.4 percent in Hong Kong.

Benchmark crude for August delivery was up 52 cents to $103.60 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.47 to close at $103.08 on the Nymex on Tuesday.

In currencies, the euro rose to $1.3289 from $1.3259 late Tuesday. The dollar fell to 97.68 yen from 98.06 yen.

___

Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson


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New growth proposed for site in Forest Hills

Written By Unknown on Selasa, 30 Juli 2013 | 18.38

Developers of a proposed 280-unit apartment complex near the Forest Hills MBTA station in Jamaica Plain will put their plans to the public at a community meeting next month.

Forest Hills Arborway, LLC has filed plans to build The Commons at Forest Hills Station, featuring four apartment buildings and approximately 8,000 square feet of "commercial/retail/amenity space."

The Washington Street site near Roslindale was formerly a petroleum product distribution depot.

The meeting is slated for Aug. 21 at 6:30 p.m. at Curtis Hall in Jamaica Plain.

Forest Hills Arborway, which consists of John M. Corcoran & Co. and The Brennan Group, formally filed the plans with the Boston Redevelopment Authority last week.


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Panel backs lung cancer screening for some smokers

UNDATED — The government says more cancer deaths could be prevented if certain current and former heavy smokers get annual CT scans, a type of X-ray.

It's the first time the government has gotten behind lung cancer screening for heavy smokers.

Monday's advice by the U.S. Preventive Services Task Force is a draft recommendation. If it becomes final as expected, it would clear the way for insurers to cover the scans. The panel recommends them for people ages 55 through 79 who smoked a pack of cigarettes a day for 30 years or the equivalent, such as two packs a day for 15 years.

Whether screening would help younger or lighter smokers is not known, so scans aren't advised for them. Scans also aren't advised for people who quit at least 15 years ago or people too sick or frail to undergo cancer treatment.


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Students to explore filmmaking with Google Glass

LOS ANGELES — Beauty is in the eye of the Google Glass wearer.

At least that's what the Internet search giant hopes a handful of young filmmakers will discover. Google is enlisting film students from five colleges to help it explore how its wearable computing device can be used to make movies.

The $1,500 Google Glass headset is already being used by 10,000 so-called explorers. The device resembles a pair of glasses and allows users to take pictures, shoot video, search the Internet, compose email and check schedules.

As part of its experiment, Google will lend each school three pairs of Google Glass.

The participating schools are American Film Institute, California Institute of the Arts, Rhode Island School of Design, University of California, Los Angeles, and University of Southern California.

Google Inc. says it plans to share an update of how students are progressing sometime after school resumes in the fall.

The company says the schools will explore how to use Glass for documentary filmmaking, character development, location-based storytelling and "things we haven't yet considered."

Norman Hollyn, a professor at the USC School of Cinematic Arts, said students will be encouraged to use Glass to tell stories incorporating the first-person point of view.

He said one model that students might follow is one explored in the film, "Timecode," by director Mike Figgis, which uses four cameras to capture four different people simultaneously. Students will also be encouraged to try to use Glass's data overlays as a way of revealing elements of a story. At least two short films are expected to be done by the beginning of next year, he said.

"We're kind of looking at it as, 'How can we push this to tell stories rather than just sit on a cool Disneyland ride and broadcast that out to people?'" he said. "This excited us in a lot of ways."

Glass users can shoot video in "720p" high-definition quality by issuing voice or touch commands.

Google has already shown off a few examples of how people are using the device, such as tennis pro Bethanie Mattek-Sands preparing for Wimbledon and physics teacher Andrew Vanden Heuvel taking his class on a virtual field trip to the Large Hadron Collider at CERN, the European Organization for Nuclear Research.

__________

Examples of Google Glass video can be seen at http://www.youtube.com/googleglass


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Time Warner drops CBS, then halts decision

BEVERLY HILLS, Calif. — The fee dispute between Time Warner Cable and CBS Corp. took an odd turn Monday night when the cable giant announced it was turning off the broadcaster in three major cities, then quickly reversed the decision.

The two sides negotiated through the day to avoid a programming blackout and kept extending the deadline.

Around 9 p.m., Time Warner Cable said about 3 million customers in New York, Los Angeles, and Dallas would lose the network and four CBS cable stations because of "outrageous demands for fees" by CBS.

"We offered to pay reasonable increases, but CBS's demands are out of line and unfair — and they want Time Warner Cable to pay more than others pay for the same programming," Time Warner Cable said in a statement.

CBS countered, saying that it remained firm in getting fair compensation for its programming. It accused Time Warner Cable of having a "short-sighted, anti-consumer strategy."

Not long after the two sides traded barbs, Time Warner Cable said it halted its plans to drop CBS at the broadcaster's request. CBS said both sides have agreed to continue negotiations.

The disagreement centers mainly on how much Time Warner Cable pays for the right to retransmit signals from the CBS-owned stations.

"As we've said, we feel like we should be paid for our programming," CBS chief executive Les Moonves told the Television Critics Association earlier Monday.

Dozens of blackouts have occurred nationwide in fee fights over the years, but many get resolved at the last minute.

Selling retransmission rights has become a big business for broadcasters such as CBS. Research firm SNL Kagan estimates retransmission fees will reach $3 billion industrywide this year and double to $6 billion by 2018.

Time Warner Cable has said it's resisting a fee hike demand by CBS so prices don't go up for customers. CBS said Time Warner Cable isn't agreeing to terms that its competitors have accepted.


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The Ticker

Written By Unknown on Senin, 29 Juli 2013 | 18.38

Treasury secretary: Avoid 'false crises'
With Congress and President Obama possibly heading to another showdown over raising the nation's debt ceiling, Treasury Secretary Jack Lew yesterday pleaded for lawmakers to "take away any cloud of uncertainty about the ability of the United States to pay its bills."
"It's not OK to default," Lew said on ABC's "This Week."
"I would certainly hope that Congress isn't looking to create confrontations and false crises because we did see, in 2011, how bad that is for the American economy," he said, referring to the partisan standoff, resolved at the last minute, that led Standard & Poor's to downgrade the nation's credit rating for the first time, from AAA to AA+.


Today
 National Association of Realtors releases pending home sales index for June.
 

TOMORROW
 Standard & Poor's releases S&P
 Case-Shiller index of home prices for May.
 The Conference Board releases the Consumer Confidence Index for July.
 Federal Reserve policymakers begin a two-day meeting to set interest rates.

WEDNESDAY
 Commerce Department releases second-quarter gross domestic product.
 Labor Department releases the second-quarter employment cost index.
 Federal Reserve policymakers meet to set interest rates.

THURSDAY
 Institute for Supply Management releases its manufacturing index for July.
 Commerce Department releases construction spending for June.
 Automakers release vehicle sales for July.

FRIDAY
 Labor Department releases employment data for July.

 Commerce Department releases personal income and spending for June.
 Commerce Department releases factory orders for June.

 Massachusetts Gov. Deval Patrick has appointed Nixon Peabody government investigations and white-collar defense partner J. William Codinha to serve as a commissioner on the Judicial Nominating Commission.

 Bluetrain Mobile has named Mary Monat as its vice president of sales. In this role, Monat will be responsible for building and leading a high-performance sales team to drive revenue growth, gain market share and develop strong customer relationships.


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Trying to save part of Rosie the Riveter's factory

YPSILANTI TOWNSHIP, Mich. — The Detroit-area factory where Rosie the Riveter showed that a woman could do a "man's work" by building World War II-era bombers, making her an enduring symbol of American female empowerment, will be demolished if money can't be found to save it.

The Willow Run Bomber Plant, a 332-acre former Ford Motor Co. factory west of Detroit that churned out nearly 9,000 B-24 Liberator bombers during World War II, is slated to be torn down unless a group can raise $3.5 million by Thursday to convert at least some of the structure into a new, expanded home for the nearby Yankee Art Museum.

"The younger generation needs to know what people went through and be able to go and see what they did and how they did it for our country," Larry Doe, a 70-year-old Ypsilanti Township resident who has given to the cause, said recently before joining other donors for a trip on a B-17.

Although women performed what had been male-dominated roles in plants all over the country during the war, it was a Willow Run worker — one of an untold number of women in its 40,000-person workforce — who caught the eye of Hollywood producers casting a "riveter" for a government film about the war effort at home.

Rose Will Monroe, a Kentucky native who moved to Michigan during the war, starred as herself in the film and became one of the best-known figures of that era. She represented the thousands of Rosies who took factory jobs making munitions, weaponry and other things while the nation's men were off fighting in Europe and the Pacific.

Although many Rosies were let go once the war was over and the soldiers returned home, they had shown that women were capable of doing jobs that had traditionally been done by only men. An illustrated poster of a determined-looking Rosie the Riveter rolling up her sleeve with the slogan, "We can do it!," became an iconic symbol of female empowerment for American women.

The Willow Run factory went back to making automobiles after the war ended, and it did so for more than a half-century under the General Motors name before closing for good in 2010.

Now, Doe and other donors are hoping to save at least some of the massive structure to convert it into the new home of the Yankee Air Museum. The museum's original headquarters burned down in 2004, and it is currently housed at Willow Run Airport in Van Buren Township, which is near Ypsilanti Township, where the plant is located.

"We now have the opportunity to actually take a piece of this plant. It's due to be demolished over the next two or three years," said Dennis Norton, president of the Michigan Aerospace Foundation. "There's no further use for it. It's too big. It's too old to be used in modern-day manufacturing."

Organizers of the "Save the Willow Run Bomber Plant" campaign say they need $8 million to fund their "separation" plan. They want to acquire part of the 5 million-square-foot plant, secure it and re-establish utility services such as water, gas and electric.

They have raised $4.5 million of what they need and are hoping to entice major donors to come forward with six- and seven-figure commitments.

Detroit's historic bankruptcy filing two weeks ago isn't expected to have any effect on fundraising, said Dan Pierce, a spokesman for the effort.

"We have not heard this from any prospective donors and don't think we will," he said.

Yankee Air Museum backers are hoping to tap into some of that patented Rosie resolve in their efforts to transform Willow Run.

The hulking facility currently is in the hands of the Revitalizing Auto Communities Environmental Response Trust, which took over sites around the country left behind in the bankruptcy of GM.

Much of the plant has fallen into disrepair, including the portion the Yankee Air Museum is eyeing. The factory floor is littered with debris that sits among rusted-out and busted-up equipment once used to make transmissions.

Norton and his colleagues hope to change that soon.

The millions left to raise represents "a significant amount of money," he said.

"However, if we didn't think we could do it, we wouldn't have started it in the first place."

___

Online:

http://savethebomberplant.org

___

Reach Mike Householder at mhouseholder@ap.org or Follow him on Twitter at https://twitter.com/mikehouseholder


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Amazon.com looks to fill 7,000 jobs in 13 states

NEW YORK — Amazon.com Inc. says it is adding 7,000 jobs in 13 states, beefing up staff at the warehouses where it fills orders, and in its customer service division.

The company says it will add 5,000 full-time jobs at its U.S. distribution centers, which currently employ about 20,000 workers who pack and ship customer orders.

The world's largest online retailer has been spending heavily on order fulfillment, a strategy meant to help the business grow, but one that has also weighed on profit margins. The company said last week that it lost money in the second quarter, even as revenue increased.

Distribution center jobs are available in Phoenix; Middletown, Del.; Patterson, San Bernardino and Tracy, Calif.; Indianapolis and Jeffersonville, Ind.; Hebron, Ky.; Breinigsville, Pa.; Charleston and Spartanburg, S.C.; Chattanooga and Murfreesboro, Tenn.; Coppell, Haslet and San Antonio, Texas and Chester, Va.

Amazon said President Barack Obama is scheduled to visit the Chattanooga facility on Tuesday. No public schedule was yet posted on the White House website for Tuesday, but the president made what was billed as a major speech on the economy last week, and brought the topic up again in his weekly Internet and radio address on Saturday.

The company is also adding 2,000 jobs in customer service, including full-time, part-time and seasonal. Jobs are available in Winchester, Ky.; Grand Forks, N.D.; Kennewick, Wash. and Huntington, W.Va. Work from home positions are available in Oregon, Washington and Arizona.

More information is at www.workatamazonfulfillment.com and www.amazon.com/csjobs.


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Annual survey finds parents trimming back-to-school spending

LOS ANGELES — Back-to-school is one of the busiest shopping seasons of the year, and it's here. But one survey suggests parents' spending will be more frugal than last year.

Retail analyst Alison Paul at Deloitte says you may feel "a little under pressure" when back-to-school ads start in July, but "that's just the way it goes," especially with more and more schools starting in August.

Paul says Deloitte's annual back-to-school survey finds consumers more confident about the economy, but that doesn't translate to more willingness to spend. Parents plan to spend an average of $428 on back-to-school, down from about $600 last year.

Deloitte expanded its survey to include back-to-college spending this year, and found that's where the big spenders are. Parents of college students plan to spend an average of more than $900.

Paul says it could signal a shift in emphasis.


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Ford recalls some 2013 C-Max hybrids over roofs

Written By Unknown on Minggu, 28 Juli 2013 | 18.38

DETROIT — Ford Motor Co. is recalling 33,021 C-Max hybrid cars because they may not adequately protect occupants' heads in a crash.

Vehicles involved were made between Jan. 19, 2012, and June 25, 2013 and don't have panoramic roofs. C-Max hybrids with panoramic glass roofs aren't involved in the recall.

The National Highway Traffic Safety Administration discovered during vehicle testing that the car failed to conform to safety standards pertaining to head injury risk. Ford says there have been no reported injuries related to the issue.

Ford will notify owners of the recall next month. Dealers will install additional energy absorbing material between the car's headliner and the roof.

Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov.


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Translating the tech

When Joe Morone, Jon Warman and Diana Brazzell were dorm mates at Brown University, they shared a vision of the importance of higher education and academic research, but they also knew that research, detailed in academic journals, could often be long, dense and inaccessible to the general public.

So in the fall of 2011, years after their graduation, they founded Footnote, a startup that collaborates with scholars to translate the most technical language into layman's terms — a CliffsNotes, if you will, for academic journals.

"Every year, 1.6 million articles are published in academic journals, but once the research is published, very few people end up seeing it because it's written for an audience of peers," Morone said.

"Our goal is to be a conduit between academic research and intellectually curious readers, policymakers, entrepreneurs and educators."

To do that, Footnote's editorial team works with researchers from Harvard, MIT, Yale and some of the nation's other top universities to craft articles based on those found in academic journals.

Subjects range broadly, from what happens to children when a parent goes to prison, to whether government should intervene to make people healthier.

"We look for issues we think are important and that can be impacted by the latest research," said Morone, whose company was named one of 128 MassChallenge finalists earlier this year.

"The challenge is how do we make better use of this information? We want to deliver brilliant research and expertise on issues that matter in a way that people can use."

Jesse Lyons, a postdoctoral researcher in systems biology at MIT and Massachusetts General Hospital, has written Footnote articles on multiple subjects, including how light affects the brain, whether stem cells offer a cure for deafness, and whether a drug that decreases sperm count in mice could lead to a birth control pill for men.

"The goal is to make specialized academic research accessible and engaging without losing the complexity," Lyons explained.

"We want to make it understandable without dumbing it down."

Footnote is partnering with the College and University Research Collaborative in Providence, where top policymakers in Rhode Island have gone with questions about economic development.

The collaborative takes their questions to researchers, whose answers Footnote then translates.

"It's absolutely so important to the work we're doing," said Amber Gilfert, the collaborative's program director.

"We see Footnote providing that key piece, taking research and putting it into a format that our policy leaders and community can easily understand," Gilfert said.


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Student entrepreneurs venture into business

Fresh-roasted coffee, artisan mango liqueur and glow-in-the-dark ultimate frisbee gear — those are some of the products ready to launch out of a Babson College summer crash course for young entrepreneurs.

The 10-week summer venture program featured 14 proposals from undergraduate and MBA students, hand-picked from more than 100 applications. The students presented their products last week to an auditorium packed with potential investors and mentors at the Wellesley school.

"It's a 10-week summer camp for our best and brightest young entrepreneurs," program director Steve Gold said.

Many of the companies were the result of years of planning and experience, but were jump-started by the program.

Hans Homberger, an MBA student from Costa Rica, unveiled a plan to sell the coffee beans his family has grown for four generations directly to consumers under the family name for the first time.

"I grew up looking at my grandpa and my dad going every week to the farms. It's not just the business, it's something I feel passionate about," Homberger said.

Homberger presented Fourth Wheel Coffee, his business that will ship Central American coffee directly to customers' front doors within 15 days of roasting instead of the months that commercial coffee can spend in a warehouse, 
he said.

"I've been working on this concept for over a year. In these past 10 weeks, I feel like I was really pushed to question everything I had learned already," said MBA student Emily Lagasse. "Because of that, I have a final product that I am 100 percent confident in and ready to move forward with."

Her gourmet dog food business, Fedwell, was inspired by the near-death experience of her dog. Lagasse said her high-end dog food is made without chemicals or preservatives and is more nutritious than conventional dog food.

Because of the presentations, many of the students made connections with key investors and industry insiders, Gold said.


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Radio, TV personality David 'Kidd' Kraddick dies

David "Kidd" Kraddick, the high-octane radio and TV host of the "Kidd Kraddick in the Morning" show heard on dozens of U.S. radio stations, has died at a charity golf event near New Orleans, a publicist said. Kraddick was 53.

The Texas-based radio and television personality, whose program is syndicated by YEA Networks, died at his Kidd's Kids charity function in the New Orleans suburb of Gretna on Saturday, said publicist Ladd Biro in releasing a network statement.

"He died doing what he loved," said Biro, of the public relations firm Champion Management, speaking with AP by phone early Sunday. He said he had no further details on the death.

The "Kidd Kraddick in the Morning" show is heard on more than 75 Top 40 and Hot AC radio stations and is a leader among most-listened-to contemporary morning programs, Biro said. The radio program also is transmitted globally on American Forces Radio Network while the show's cast is also seen weeknights on the nationally syndicated TV show "Dish Nation," he added.

"All of us with YEA Networks and the "Kidd Kraddick in the Morning" crew are heartbroken over the loss of our dear friend and leader," the network statement said. "Kidd devoted his life to making people smile every morning, and for 21 years his foundation has been dedicated to bringing joy to thousands of chronically and terminally ill children."

"He died doing what he loved, and his final day was spent selflessly focused on those special children that meant the world to him," it added.

The Dallas Morning News reported Kraddick had been a staple in the Dallas market since 1984, starting in a late-night debut. The newspaper said he moved into morning show work by the early 1990s in that market and his show began to gain wider acclaim and entered into syndication by 2001 as he gained a following in cities nationwide.

Kraddick would have turned 54 on Aug. 22, according to Biro.

The network statement said the cause of death would be released "at the appropriate time."

Many fans, celebrities included, tweeted condolences and talked about the death on social media sites. One Texas radio station where he was a mainstay ran photographs on its website of Kraddick at the microphone.

Word of Kraddick's passing spread quickly via social media.

"RIP Kidd Kraddick. You were an amazing man and a friend. You are already missed," Dallas Mavericks owner Mark Cuban tweeted.

"Oh Man, I just heard Kidd Kraddick died! He's my childhood dj. What a sad day. His poor family. He was always nice 2 me from the beginning," singer Kelly Clarkson tweeted.

Joe Jonas of the Jonas Brothers, only recently announced as the headline act of a planned first-ever Kidd's Kids charity concert in Dallas next month, wrote: "The sad sad news about Kidd Kraddick is shocking. He will be missed greatly."

Richie Tomblin, described as the head golf professional at the Timberlane Country Club in Gretna on its website, told AP that Kraddick wasn't looking well when he saw him getting ready for Saturday's charity event.

"He came out and he borrowed my golf clubs and went out to the driving range," Tomblin told AP when contacted by phone. "It's kind of a freaky situation. He came out. He practiced a little bit. He hit the ball at the first tee and wasn't feeling good and after that I didn't see him."

Tomblin said the hundreds of amateur golfers taking part went ahead with the event Saturday. He added he only found out afterward that Kraddick had died and he was still shaken about it.

"I'm still trying to figure it out. I really don't know what happened. Everyone keeps texting me asking, 'What's going on?' I really don't know," said Tomblin.

He added he was reluctant to even touch the set of clubs Kraddick had borrowed Saturday for his practice swings.


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