Sunday, December 25, 2011

Daily Headlines

Saturday, December 24, 2011

Daily Headlines

Friday, December 23, 2011

Daily Business Update

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Fri. Dec. 23, 2011

Former Merrill Lynch broker awarded $650k
One of the former Merrill Lynch & Co. brokers blamed for selling nearly $14 million in high-risk securities to the City of Springfield received a measure of exoneration earlier this week when an arbitration committee awarded him $650,000 in damages for his firing from the financial advisory firm after the city’s investments went bad.

Mercury Computer Systems of Chelmsford buying two companies for $70 million
Mercury Computer Systems Inc. of Chelmsford will pay $70 million to acquire a pair of companies that make electronic warfare and intelligence-gathering systems. Mercury is buying KOR Electronics Inc. of Cypress, Calif., which makes digital radio and radar test gear, as well as Paragon Dynamics of Aurora, Colo., which provides intelligence analysis and exploitation services. Mercury said it expects to complete the deals for both companies by the end of the year.

Mass participates in $34 million GE settlement
A $34.25 million national settlement has been reached with a financial services company as part of a nationwide investigation of alleged anticompetitive and fraudulent conduct in the municipal bond derivatives industry, attorney general Martha Coakley’s office announced today. The settlement with GE Funding Capital Market Services, Inc. will provide a total of $30 million in restitution to affected state agencies and not-for-profits eligible in Massachusetts and the 24 participating states.

Hampden Bancorp reports completion of 5% stock repurchase program
Hampden Bancorp, Inc., the holding company for Hampden Bank, announced the completion of the company’s fifth stock repurchase program. The program was approved by the company’s board of directors on November 1, 2011. Established in 1852, Hampden Bank is a full service community bank serving the families and businesses in and around Hampden County, Massachusetts.

Boston Therapeutics elects Dr. Henry Esber to its board
Boston Therapeutics, Inc., a developer of diabetes therapeutics based in Manchester, New Hampshire, announced today the election of Dr. Henry J. Esber to its Board of Directors, effective December 20, 2011. Boston Therapeutics specializes in glyco-pathology, which is concerned with the importance of carbohydrates in biochemistry and progression of diseases.

Westfield Financial announces stock repurchase program
Westfield Financial, Inc., the holding company for Westfield Bank, announced that its Board of Directors has authorized a stock repurchase program under which Westfield Financial may purchase up to 1,333,496 shares, or 5% of its outstanding common stock. The repurchase program will commence upon the completion of the previously announced repurchase program, which is expected to occur shortly, subject to market conditions.

Baxter and Momenta announce collaboration
Baxter International Inc. and Momenta Pharmaceuticals, Inc. announced that they have entered into a global collaboration to develop and commercialize follow-on biologic products, also known as biosimilars. Biosimilars replicate existing, branded biologics used in the treatment of a variety of diseases including cancer, autoimmune disorders and other chronic conditions.

Work on northern Maine rail making progress
A $10.5 million project to repair 233 miles of state-owned railroad line in northern Maine is progressing but there is still plenty of work to be done. About half of the 7,500 feet of rail replacement has been done, and 11,000 of the planned 50,000 ties have been replaced since August on the stretch of line between Millinocket and Madawaska.

Mercury Computer Systems to acquire KOR Electronics and Paragon Dynamics
Mercury Computer Systems, Inc., a provider of subsystems for defense contractors headquartered in Chelmsford, today announced that it has signed a definitive agreement to acquire KOR Electronics, Inc. and its wholly owned subsidiary, Paragon Dynamics, Inc. KOR designs and develops digital radio frequency memory units for a variety of modern electronic warfare applications; Paragon Dynamics provides sophisticated analytic services and customized solutions for the intelligence community. The purchase price was $70 million.

Aaron Gornstein named as undersecretary of Mass. Department of Housing and Community Development
Aaron Gornstein, long-time executive director of the Boston-based nonprofit Citizens’ Housing and Planning Association, was named the state’s new undersecretary of the Department of Housing and Community Development, it was announced today.

Caffeine Inhaler Is a Dangerous ‘Club Drug,’ NY Senator Says
Breathable caffeine dispensed from canisters is a ‘club drug’ that may be dangerous to teenagers, a New York senator said. The inhaler is sold online by Cambridge, Massachusetts- based Breathable Foods Inc. and The Lab Store, in Paris. Democrat Charles Schumer wrote Food and Drug Administration Commissioner Margaret Hamburg today asking her to review the safety and legality of the AeroShot Pure Energy caffeine inhaler, which is set to hit store shelves in New York and Boston next month

Madhya Pradesh Pre Medical Entrance Test – MP PMT 2012

MP PMT 2012 Entrance Test Details :

Madhya Pradesh Professional Examination Board, Bhopal will conduct Madhya Pradesh Pre Medical Test 2012 for admission to the following MP Pre Medical Courses :

  • M.B.B.S., B.D.S. Courses in Government & unaided Private Medical and Dental colleges of State of Madhya Pradesh
  • B.V.Sc., A.H., course in Veterinary colleges under Veterinary Science & Animal Husbandry University Jabalpur, Madhya Pradesh.

The Madhya Pradesh Pre Medical Entrance Test 2012 shall be conducted in English and Hindi medium. Only one MP PMT Examination will be conducted for Government Autonomous & Private Colleges.

There shall be only one paper of three hours duration. First part of this Paper will contain hundred multiple choice questions of the Physics and Chemistry subjects and the second part will contain hundred multiple choice question of the Botany and Zoology subjects.

The Candidates can give is option as under :

  1. Government Autonomous
  2. Private Medical & Dental Colleges
  3. Both

MP PMT Eligibility Criteria 2012 :

  • The candidate must be bonafide resident of Madhya Pradesh.
  • Candidate born in Madhya Pradesh and studied for three years continuously in any educational institution of Madhya Pradesh.

    Who is son / daughter any of the following,will also be considered as domicile of Madhya
    Pradesh.
    1. Living in Madhya Pradesh continuously since not less then 15 years.
    2. Living in Madhya Pradesh continuously since last 10 years and having immovable property in Madhya Pradesh / Industry / Business in Madhya Pradesh.
    3. An employee or retired employee of Government of Madhya Pradesh.
    4. An employee are retired employee of a Institution / Corporation / Board / Commission under Government of Madhya Pradesh.
    5. An employee of Government of India who is posted in Madhya Pradesh since last 10 years
    6. An officer of All India services belonging Madhya Pradesh cadre.
    7. A person appointed in Madhya Pradesh by Honble President of India / Governer of Madhya Pradesh under Constitutional / Legal grounds.
  • For admission to Madhya Pradesh MBBS BDS course, only those candidates are eligible, who have passed the qualifying examination of Higher Secondary ( 10 +2 ) from Board of Secondary Education, Madhya Pradesh, Bhopal passing Physics, Chemistry and Biology subjects individually and have secured at least minimum 50% marks in aggregate in case of Unreserved and 40% marks in case of reserved category candidates. Reserved category candidates who opt. for unreserved seat should secure 50% marks in Higher Secondary.

Candidates of all categories and classes are required to have passed english as a subject in the 12th examination of 10 + 2.

For reckoning the age as aforesaid, the date of birth as mentioned in the certificate of High School / Higher Secondary School certificate examination or in MARK SHEET of the said examination shall be the authentic documentary proof.

  • The candidates have passed an equivalent or higher examination from any recognized Board or higher or equivalent examination conducted by University certified by School Education Department, Government of Madhya Pradesh with passing Physics, Chemistry and Biology subjects individually. For foreign nationals seeking admission, eligibility shall be considered on the basis of equivalence certificate granted to them by concerned Board / University and approved by the External Affairs Ministry, Government of India.
  • No candidate shall be allowed to be admitted to a Madha Pradesh Medical / Dental College until the candidate has completed or shall complete the age of 17 year on or before 31 December of the year of MP PMT examination.

MP PMT Contact Detail :

Phone: 07869596286

 

 

 

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Daily Headlines

Thursday, December 22, 2011

Madhya Pradesh Pre-Engineering and Pharmacy Test (MP PEPT-2012)

The Pre-Engineering and Pharmacy Test (PEPT) - 2012 is an all India level entrance exam that is conducted by Madhya Pradesh - Professional Examination Board(MP-PEB). PEPT -2011 is the entrance test for admission to the 1st year of courses, Bachelor of Engineering (B.E), Bachelor of Architecture(B.Arch), Bachelor of Pharmacy (B.Pharma) and Diploma in Pharmacy (D.Pharma) for the session 2012-2013 in Government, self governing and private professional colleges of Madhya Pradesh.

Contact for PEPT Detail
Phone 07869596286

Eligibility Criteria for Pre-Engineering and Pharmacy Test - 2012


The candidates applying for PEPT - 2012 should fulfill the below mentioned conditions:
  1. The candidate should be an Indian citizen.

  2. Educational qualifications:
    • For admission to B.E/B.Arch courses:
      • The candidate should have completed 10+2 from any M.P state board school or any other recognized institute with major subjects as Physics and Mathematics and either Chemistry, Biotechnology or Biology as the third subject.


    • For admission to B.Pharma / D.Pharma:
      • The candidate should have completed 10+2 from any M.P state board school or any other recognized institute with major subjects as Physics and Chemistry and either Mathematics, Biotechnology or Biology as the third subject.


  3. Domicile Requirement:
    For admission against 85% reserved quota for MP domicile candidates the following requirements are to be satisfied:
    • The candidate should have studied from an institute in M.P for at least 3 years before appearing for PEPT.

    • He/she should be a bonafide(genuine) resident of Madhya Pradesh.

    • He/she should be son/daughter of an employee of M.P Government or its ex-employee, or
      A central Government/Defense/Railways/Post & Telegraph employee or ex-employee, posted in M.P before 1st Jan of the corresponding year of the examination, or
      A person settled in M.P under Government sanctioned resettlement act.
  4. Other important points regarding PEPT - 2011

    1. Final year candidates can also apply. If such candidates are selected they would be given provisional admission which would be confirmed only if they present the final mark sheet of the qualifying examination at the time of admission.

    2. Candidates who have passed the qualifying examination with grace marks if and only if they have secured the minimum aggregate marks in the above mentioned subjects.

    3. Candidates appeared/appearing in qualifying examinations from open school can apply for the courses in pharmacy.

    4. The Test Admit Card(TAC) will be available online on the official sites and will not be sent by post.

Contact for PEPT Detail
Phone 07869596286





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Daily Business Update

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Thu. Dec. 22, 2011

Caffeine Inhaler Is a Dangerous ‘Club Drug,’ NY Senator Says
Breathable caffeine dispensed from canisters is a ‘club drug’ that may be dangerous to teenagers, a New York senator said. The inhaler is sold online by Cambridge, Massachusetts- based Breathable Foods Inc. and The Lab Store, in Paris. Democrat Charles Schumer wrote Food and Drug Administration Commissioner Margaret Hamburg today asking her to review the safety and legality of the AeroShot Pure Energy caffeine inhaler, which is set to hit store shelves in New York and Boston next month

Curis earns $6 million milestone payment
Curis, Inc., a Lexington drug development company seeking to develop next generation targeted small molecule drug candidates for cancer treatment, today said that its collaborator Roche has submitted a Marketing Authorization Application for Vismodegib to the European Medicines Agency, triggering a $6 million milestone payment. The Marketing Authorization Application is currently under review for the treatment of adults with advanced basal cell carcinoma for whom surgery is considered inappropriate.

Cheeseboy expands to Rhode Island
Boston’s Cheeseboy: Grilled Cheese to Go, will expand into the Rhode Island market with an opening at the Providence Place Mall today. The new Cheeseboy location will open at the mall’s high-traffic food court, bringing the total number of locations to seven. The company will now operate restaurants in four states: Massachusetts, Rhode Island, New York and Connecticut.

Jordan’s opens Warwick, Rhode Island store
Jordan’s Furniture opened its fifth location in Warwick, Rhode Island with a ribbon cutting ceremony this morning. The 115,000 square foot store joins Macy’s, Target, and JC Penney as anchor tenants at the Warwick Mall and is now open. The location features an entertainment show within the store called SPLASH, which the company claims combines the magic of laser, light, water and music.

WCVB’s Vrees named news director of the year
Broadcast & Cable magazine has named WCVB-TV (Channel 5)’s Andrew Vrees as its news director of the year.

UNO to send 10k pizzas to troops
Boston restaurant chain UNO and non-profit organization Pizzas 4 Patriots are launching a “$5 for $50” fundraiser that will enable 10,000 pizzas to be delivered to U.S. service men and women in Afghanistan on Super Bowl Sunday. During the month of December, guests can purchase a coupon book for $5 and receive $50 in coupon savings. The money raised will go the pizza program.

PatientKeeper raises $6 million
PatientKeeper Inc., a Waltham provider of physician healthcare information systems, today said that it has raised $6 million in capital from its existing investors, including Flybridge Capital Partners, New Enterprise Associates and Whitney & Co. These funds will be used to support continued investment in the company’s suite of advanced clinical, charge capture and other physician-centric applications, as well as the expansion of PatientKeeper’s professional services organization.

Babson Capital Management provides financing for Kohlberg’s investment in hospice provider SouthernCare
Babson Capital Management LLC, an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C., today said it provided $22.2 million of debt financing and made an equity co-investment of $2.2 million to support Kohlberg & Company LLC’s acquisition of SouthernCare Inc. Dallas-based SouthernCare, founded in 1994, is a provider of comprehensive hospice care, caring for more than 3,000 terminally ill patients daily at 75 centers in 15 states throughout the Midwest and Southeast.

Akamai to buy Cotendo for $268 million
Akamai Technologies Inc., whose server network lets businesses speed data delivery, agreed to buy Cotendo for about $268 million in cash to expand Internet-based and mobile services. Cotendo, founded in 2008 and based in Sunnyvale, California, has about 100 employees, half of them in Israel, where the company has a technology center. The purchase is Akamai’s second largest after the $2.19 billion acquisition of InterVU Inc. in 2000.

Ameresco receives project acceptance of the Savannah River Site Biomass Cogeneration Facility
Ameresco, Inc., an energy efficiency and renewable energy company headquartered in Framingham, said today that it received its Final Acceptance Certificate from the United States Department of Energy Savannah River Operations Office for the completion of construction of the Savannah River Site Biomass Cogeneration Facility installed under the $795 million energy savings performance contract awarded to Ameresco in May 2009.

State approves $6.7 million in tax breaks to Red Hat, IPG and other firms
A state economic development board today awarded $6.7 million in state tax credits for a half dozen companies that promised to add new jobs.