California votes for 3 billion stem cell program
A 59 percent ballot approval funds the California Institute for Regenerative Medicine after voters backed embryonic stem cell research, signaling a shift from federal policy and prompting out of state firms to establish labs in California. The plan aims to award 300 million annually for 10 years but key details, including location and initial allocations, remain unresolved as UC and biotech executives weigh recruitment and expansion opportunities.
MENTIONED IN THIS ARTICLE
San Francisco
California
U.S
California Institute For Regenerative Medicine
National Institutes of Health
San Diego
California Prop 74 opens stem cell research funding
California voters approved Prop 74 on Election Day unlocking a stem cell research program. The state plans up to 3 billion dollars in bonds to fund research and the California Institute for Regenerative Medicine will regulate grants and loans. An Independent Citizens Oversight Committee will govern the Institute with a 29 member board appointed by Governor Arnold Schwarzenegger and other officials.
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Robert Lanza
Advanced Crdl
Lanza
California
Ravitalists
Arnold Schwabenegger
California Institute For Regenerative Medicine
Arnold Schwarzenegger
Lorain National Bank opens business lab center in Westlake
Lorain National Bank launches a business oriented lab center at 10 Detroit Road Westlake with an open house today from 4 10 to 7 00 pm The center aims to serve business loans and operates without tellers The bank. a $770 million financial holding company, may expand loan centers in nearby counties including Lorain County.
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Lorain
Lorain National Bank
Westlake
Detroit Road
Fancetten
Steve Cooper
Cooper
Wooching
Lorain County
Ohio Honda to expand gear plant near Russell's Point
Honda Transmission Mfg. of America Inc. will add 100 jobs at its transmission gear plant near Russell’s Point, nearly doubling size to 900 workers. The $100 million expansion, part of a $270 million plan by Honda Motor Co., will boost production of automatic transmissions for light trucks and SUVs. Abercrombie & Fitch meanwhile reported lower third-quarter earnings after settling three class action suits over diversity work and cautioned flat earnings next quarter.
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Russells Point
Honda
Japan
Honda Transmission Mfg. of America Inc
Columbus
Wonda Motor Go
New Albany
Abercrombie & Fitch Co
Abercrombie
Formica charts public path after bankruptcy reorg
Frank Riddick, Formica Corp. chief executive, says the company aims to boost visibility and sales beyond 1 billion annually as it promotes its viability post reorganization. The Cincinnati base houses 22 staff near a 400,000 square foot Evendale plant. Formica operates 14 plants globally with half of sales outside the U.S.
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Associated Press
Cincinnati
Formmica Corp
Frank Riddick
Formica
Riddick
Tuuslay
Beijing
China
Duty
Fom Warren
Ohio
Furmixa
Evendale
Yermica
United States
Riddisk
Migsday
Armstrong World Industries Inc
General Motors Corp
Merrill Lynch
PMC Carp
Marsh & McLennan to lay off 3000 amid price fixing scandal
The New York based insurer Marsh & McLennan will cut about 3000 jobs, roughly nine percent of its workforce, in fallout from a bid rigging and price fixing case. Attorney General Eliot Spitzer alleges the firm’s commission system paid insurers for more business, driving up costs for businesses seeking insurance.
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U.S
New York
Marsh & MccLennan
Marsh & McLennan
Watson’s
Eliot Spitzer
Spitzer
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