Home Blog Page 6485

IS It TRUE Breaking Announcment: Bristol Myers Sells Mt. Vernon Facility to AstraZeneca

15

BM Logo

Pharmaceutical giant AstraZeneca said on Thursday that it would pay up to $4.1 billion to acquire Bristol-Myers Squibb’s stake in an alliance to jointly develop diabetes drugs.

AstraZeneca will initially pay $2.7 billion, plus up to an additional $1.4 billion in other payments. As part of the deal, AstraZeneca will make royalty payments to Bristol-Myers until 2025.

The transaction is subject to regulatory approval and is expected to be completed in January 2014.

Following the deal, AstraZeneca will own the rights to a number of drugs to treat diabetes, including Onglyza, Kombiglyze and Byetta.

Bristol-Myers and AstraZeneca entered into the alliance in January 2007 in order to jointly develop drugs to treat type-2 diabetes. The alliance later expanded to other diabetes-related products.

The agreement includes the sale of a manufacturing facility in West Chester, Ohio, and covers the future purchase of Bristol-Myers Squibb’s manufacturing plant in Mt. Vernon, Ind., about 18 months after the closing of the transaction.

The deal is subject to local consultation and legislation. Substantially all employees of Bristol-Myers Squibb dedicated to the diabetes business will be transferred to AstraZeneca.

Bristol-Myers expects to receive about $3.4 billion in the first quarter of 2014 as part of the transaction, and it will conduct some clinical trials that were started as part of the alliance.

AstraZeneca also said that it would incur a noncash, pretax charge of about $1.7 billion related to Bydureon, a diabetes drug whose sales have been below expectations.

AstraZeneca said it did not expect the Bristol-Myers transaction to affect its core earnings per share in 2013.

Goldman Sachs was financial adviser to Bristol-Myers Squibb and Kirkland & Ellis was its legal adviser.

Officer Kurt Chapman credited with saving 4 kids from runaway school bus

6
 

 

An “unlucky” date and a childhood nickname mean little to Officer Kurt Chapman:
On Friday December 13th, children from all over the Tri-State came to Evansville to see The Nut Cracker performed at the Victory Theater. As with all field trips to our downtown venues, several Officers from the EPD were assigned to be a part of the event. The Officers help with bus traffic and they get a chance to interact with the kids, many of whom are from out of town. These events have gone off without any problems until last Friday.
Officer Kurt Chapman was monitoring the buses as they unloaded kids. Officer Chapman saw one of the out of town buses appeared to be rolling towards a group of kids. He also saw that there was nobody in the driver’s seat. Officer Chapman ran towards the kids and yelled for them to get out of the way of the bus. Most of the kids ran out of harm’s way, but 4 kids remained where they were.
Officer Chapman, who ironically was nicknamed “Turtle” in the 2nd grade, was able to out run the rolling bus and push the 4 kids to safety.
A nearby teacher was able to get on the bus and engage the parking brake. While investigating the incident, Officers determined the bus driver had walked to the back of the bus to make sure all of the kids were off. The driver had not engaged the parking brake and that allowed the bus to roll. The driver did not realize the bus was rolling until the teacher got on the bus.
The kids were able to continue with their field trip. Officer Chapman has been nominated for a Merit Award for his actions. There is still no official word on an updated nickname for him though. 

user30769-1387468040-media1_959eac_171_240_PrsMe_

Rep. Bacon responds to the Indiana Supreme Court ruling on Rockport

8
Ron Bacon
Ron Bacon

 

State Representative Ron Bacon (R-Chandler) issued the following statement in response to the Indiana Supreme Court case of Indiana Gas Company Inc. and Southern Indiana Gas and Electric Company vs. the Indiana Finance Authority and Indiana Gasification, LLC:

 

“As a state representative serving southwest Indiana, I believe the Supreme Court’s ruling on the proposed coal-to-gas plant at Rockport is good for our community. I have always felt that a contract is a contract and should be upheld.

 

“This is an important economic development project in southwest Indiana, and I hope that Governor Pence will continue his track-record of job creation and encourage Leucadia to stay and continue their work.”

 

 

IS IT TRUE December 19, 2013

72

Three Card Monte

IS IT TRUE December 19, 2013

IS IT TRUE with yesterday’s publishing of the naming rights agreement for The Centre between Old National Bank and the Vanderburgh County Commissioners comes the scrutiny of that contract by anyone who wishes to clink on the link and read it?…there are indeed things in this contract that can only lead to a conclusion that all of the financial ducks are not in a row for a serious ground breaking ceremony for the downtown convention hotel?…the first oddity about the contract has to do with the amount of money that will or won’t be changing hands for the advertising value of putting the ONB brand on The Centre?…in section 4.1 of the agreement it clearly states that ONB will make “UP TO” $14 Million in “economic investment in downtown Evansville, Indiana, including specifically the downtown hotel project”?…while the County may think it has consummated a $14 Million deal, the reality of the situation is that ONB is not on the hook for more than a dollar contractually?…those words “UP TO” are in that contract for a purpose and that purpose is for the shareholders of ONB to have an out of this deal at a much smaller price than the $14 Million that the headlines proclaimed?…all this contract really does is hand ONB a lock on advertising, 10 free VIP tickets to every single event held at The Centre, 2 FREE RENT private events for ONB annually, for an investment “up to” $14 Million?…this is not a minimum investment at all, it is a maximum fee for the naming rights?…ONB could invest only $1 during the term and technically not be in breach of this contract?

IS IT TRUE that the agreement is not binding on ONB due to a 60 day cancellation provision granted to ONB that can be exercised by ONB for any reason at all?…things are not so good for the County because the cancellation rights of the County are only exercisable for ONB’s failure to satisfy a material obligation?…that basically translates into ONB can get out of this up until they write a check for some amount that they are free to determine themselves as long as it is less than $14 Million and that the County can get out of it if ONB does not give them a thin dime for the 30 year naming rights?…all three of the Vanderburgh County Commissioners (Marsha Abell, Joe Kiefer, and Steve Melcher) signed this agreement on behalf of the County?…only CEO Bob Jones signed on behalf of ONB?…ONB seems to be very safe in its commitments but the County seems to have exposed itself to unnecessary risk?

IS IT TRUE it would be interesting to learn just how the $14 Million maximum figure was arrived at and how ONB will spin whatever the investment in naming rights ends up being for their shareholders?…one thing for sure is that the investment in naming rights value will need to be backed up by some formal valuation of the benefits provided by the advertising?…usually things like this are determined by comparable investments and the closest thing to it sits across from the Civic Center in the form of Ford Center?…the naming rights deal for the Ford Center was a 10 year deal at $400,000 per year?…if this was a 30 year deal the math works out to a total of $12 Million for the Ford Center naming rights?…in most instances when one pays up front there is a discount extended based on an assumed interest rate?…of course the two free rentals and 10 premium seats at The Centre have some value as well?…given all of that the $14 Million could well have come from an analysis based on the Ford Center deal?…that value will have to be tested to pass the smell test?

IS IT TRUE the deal to get a hotel seems to have changed dramatically with this new revelation?…the previous deal which we had deemed to be a good deal involved a $20 Million assistance package from the City and County, an $11.5 Million local investment in equity (led by ONB), and the balance of the equity being paid by HCW in cash and loan?…the truth of the matter is that any naming rights to The Centre are revenue that should be accrued to The Centre and owned by the taxpayers of Vanderburgh County?…the hidden change in this deal is that in a $14 Million naming rights deal THE PUBLIC ASSISTANCE PACKAGE JUST WENT FROM $20 MILLION TO $34 MILLION, the $11.5 Million local investment may just go away, and the equity investment by HCW will be reduced by $2.5 Million?…the public assistance percentage just went from 29.4% (20 of 68) to 50% (34 of 68)?…the reality today my friends is that this deal has put us right back to where we were when the City Council balked at putting up $37.5 Million toward a $75 Million project?…three card monty is a thriving game in downtown Evansville when it comes to handing out taxpayer dollars to subsidize a convention hotel?

…we wonder if the naming rights for The Centre have this much value why it has sat there collecting not one dime for 13 years?…at the rate ONB may pay the County Commissioners have squandered a $6 Million opportunity by sitting on their hands for the last 13 years and leaving The Centre naming rights to rot?…this is once again a SNEGAL activity to cover up laziness and complacency on the part of elected officials?

Pinnacle Computer Solutions Celebrates 25 Years of Business

3

photo-1

 

This past Friday, December 13th Pinnacle Computer Solutions held their open house in celebration of their 25th anniversary in business. Brian Ricci began Pinnacle in 1988 to serve as a technology solutions company designed to revolutionize and virtualize the workplace. Pinnacle, an international business, focuses on backup and disaster recovery, storage area networks, network and systems installations and maintenance, network monitoring, managed IT services, Cloud and hybrid-Cloud solutions, as well as custom business application development.  In fact, visit GooglePlay for our latest foray into mobile apps for Samsung, Android and Blackberry: https://play.google.com/store/apps/details?id=com.andromo.dev274911.app259196).  Pinnacle also offers training in MS Office, Office365, GoogleApps and programming languages.  Pinnacle helps businesses maintain competitiveness with a streamlined approach to the moment-to-moment (sometimes second-by-second!) changes of today’s modern marketplace.

Visitors took open house tours of the premises and saw the tech lab, storage area networks, four rentable classrooms, the disaster-recovery room (complete with desks, phones and computer areas for businesses to be back in action within 60 minutes of a disaster – more on that below), the virtualized desktops at every workstation, the new 300+ terabyte storage system, and the exciting demo of the Promethean ActivBoard by Debra L. Smith.

Debra is Pinnacle’s Education Integration Specialist and she demonstrated the different –and amazing- amenities the Pinnacle and Promethean partnership offer. One such amenity is the Promethean program. Debra has a singular talent for teaching the Promethean ActivBoard and syncing it with practically any kind of mobile device imaginable.  The “oohs” and “ahhs” and wide-eyed smiles in Classroom 2 spoke to the amazing collaborative potential of this new line of education multimedia.  The Promethean line of collaborative groupware (local and remote!) is already revolutionizing classrooms around the Tri-State as well as businesses seeking to leverage Promethean’s many collaborative multi-media functions. Promethean features an interactive whiteboard that can scale small or big – they’re available in a multitude of sizes.  The software allows users to either manipulate it manually via the screen or to access the program remotely through the use of smaller handheld boards, personal computers and even mobile devices.  Try to imagine a giant computer screen that works through the touch of the user. This allows instructors to give a completely interactive lecture without having to worry about such matters as their class keeping up with notes as the entire presentation can be emailed in an instant to those in the class.

“Technology is an ever changing and demanding industry,” said Ricci. “The hardest part of our business is trying to predict which way the industry is going to turn and to determine what the next big products and software are going to be. When dealing in technology you have to be willing to change the entire aspect of the business every few years in order to remain up to date and stay competitive.”

It is because of this that Pinnacle only offers products that they use themselves. This allows them to know their systems in and out which serves their customers well in the situation that any problems might arise. Pinnacle also mirrors the virtual operation of the business they provide services for. This allows them to restore a company’s entire computer system in a matter of minutes by using a backup that Pinnacle has stored on their own servers.

In extreme cases of technical difficulties Pinnacle offers a number of “Disaster Recovery Rooms” to their clients. These rooms, fully furnished with workstations, allow a business to temporarily relocate their operation and continue working off of Pinnacle’s mirror of their operation while their home operation is brought back online. Pinnacle’s ability to mirror and backup all of their clients data ensures that no information is ever lost, and that, in the event of disaster, their operation can be mirrored and fully functional in as little as one hour.

Ricci takes the position that every investment by any company should be met with a return on investment. This includes those businesses that choose to use Pinnacle’s services. In the past Pinnacle has been able to cut companies’ operating costs by up to 75%.

Recently Dell computers went private and shortly after they contacted Ricci and his associates at Pinnacle to organize a joint effort on certain accounts. This is only because of Pinnacle high level of expertise within the technology industry.

Pinnacle also offers more attractive rates for non-profit organizations and currently has Easter Seals and St. Johns school operating completely virtually. It is businesses such as Pinnacle that continue to pioneer their industries and push the boundaries of thinking and product application. Congratulations to Pinnacle Computer Solutions on 25 years of outstanding business, all in Evansville, and good luck on the next 25!

 

VANDERBURGH COUNTY FELONY CHARGES

0

 

nick herman Below is a list of felony cases that were filed by the Vanderburgh County Prosecutor’s Office on Tuesday, December 17, 2013

 

Darrel Welden                  Strangulation-Class D Felony

Battery Resulting in Bodily Injury-Class A Misdemeanor

 

For further information on the cases listed above, or any pending case, please contact Kyle Phernetton at 812.435.5688 or via e-mail at KPhernetton@vanderburghgov.org

Under Indiana law, all criminal defendants are considered to be innocent until proven guilty by a court of law.

 

Our vision: A World Without Breast Cancer.

0

 

Komen Weekly Banner

Happy Holidays

At this time of year, we would like to take a moment to reflect on our many blessings. Without you, our generous donors and volunteers, uninsured and under insured women and men in Southern Illinois, Western Kentucky and Southern Indiana would not receive much needed help.

Because of you, our local grant recipients can provide screening and diagnostic mammograms, treatment assistance and educational programs to people facing breast cancer every single day.

We wish you and your loved ones Joy and Peace at the holidays and throughout the New Year!

 

Komen 2014 College Scholarship
The Evansville Tri-State Affiliate of Susan G. Komen for the Cure® is currently accepting applications for the local College Scholarship Program.  The program offers college scholarships of $500.  Application and guidelines can be obtained HERE.
Komen VIP Jackets Now Available
We have a limited number of Komen VIP jackets for sale here in the Affiliate Office.  They can be purchased during regular business hours for $30 each.  Women’s sizes S-3XL & Men’s sizes S-2XL. These jackets would make great Christmas gifts for your loved ones!
2013 VIP Jackets 2
Chick-fil-A Calendars
Our Affiliate has been given a number of Chick-Fil-A 2014 calendars to sell for $8 each.  The buyer receives a calendar and $30 worth of Chick-Fil-A coupons and our Affiliate receives $5.  Stop by our office anytime between 8:30am and 4:30pm Monday through Friday and purchase yours today!
 Train Jim’s Express
Over $880 was raised this year.  Thank you Jim Bengert for hosting this wonderful annual event!  We look forward to seeing the trains again next year.

BREAKING NEWS-LINK TO THE NAMING RIGHTS AGREEMENT FOR CENTRE BETWEEN COUNTY AND ONB

27

 

Marsha Abell
Marsha Abel

 

Below is the link of the “NAMING RIGHTS AGREEMENT” contract between the County Commission and Old National Bank.  We wonder if a formal Request For Proposal was publicly posted in area legal notices section in order to attract other possible firms to bid on Naming Rights opportunity of the Centre? 
We are puzzled why page 10 of this agreement was left intentionally blank.  We also can’t find the $14 million payment terms between the County Commission and Old National Bank in this agreement.  Please take time to read the entire link to “Naming Rights Agreement” and post your comments accordingly. 

Centre Naming Rights Agreement.pdf