Watson Wyatt to merge with Towers Perrin in $3.5B deal - Minneapolis / St. Paul Business Journal:

http://aidsglobalaction.org/about_CFC2.html
the companies announced Sunday. The deal is valued at aboutt $3.5 billion, based on Arlington-based Watson Wyatt’s (NYSE: WW) closing stoco price Friday, and will create one of the largest HR consultinbg firms in the nation with estimatee revenuesof $3 billion. The companies are billinbg the deal asa “merger of equals,” which will leavwe Watson Wyatt CEO John Haley as CEO of the combined company and Toweres Perrin CEO Mark Mactas as The combined company will be lookin g for a new which will likely not be in the Washingtonh area or in Towers Perrin’s home turf of Conn., a company spokesman said. Watson Wyatt is rankeds No.
8 on the Paul Business Journal 's 2009 list of management consulting firms, with 101 metro-areas consultants. Towers Perrin, which has 41 area is ranked No. 24. “Thde combination of Towers Perrin and Watsonh Wyatt into Towers Watson will create one ofthe world’ws leading professional services well positioned for sustained growtyh and profitability across all geographies and businessa segments,” Haley said in a statement. “Towersz Watson will have tremendous global reacbh and service breadth to meet the growing needs ofthe world’s largest multinational corporations.
As we provide more value for our clients, we in turn create value for our peopled andour shareholders.” Under the termds of the agreement, Watson Wyatt shareholders will be entitlecd to receive 50 percent of the combined company’s shares on a fullyh diluted basis. Towers Watson shares issued to Watson Wyatt shareholdersa in the merger will be freely thecompanies said. Shareholders of privatelu heldTowers Perrin, who are all active employees of Towerzs Perrin, plus a group of Towers Perrin employees to be designated to receive certain equitu incentive awards, will be entitled to receive 50 percent of the combined company’ds shares on a fully diluted Towers Watson shares issued to Towers Perrin shareholders will be restrictex shares that become freely tradable over a periodc of one to four years.
The companiews aim to get shareholder approval in the fourth quartedr and to close the dealshortly thereafter. Watson Wyatt specializeas in employee benefits consultingg and advises pension plan sponsors and other institutions oninvestment strategies. It has 7,7000 employees in 34 countries. Stamford, Conn.-based Towee Perrin provides managementof people, risk and It also works in the areas of humanh capital strategy, program design and management, risk and capitall management, insurance and reinsurance intermediaryy services, and actuarial consulting.
It has 6,30p0 employees located in 26

SatCon power inverters showcased in Fla. - Boston Business Journal:

http://seumedia.com/shakira/
the largest such development in theUnitedx States. The Boston-based maker of utilityh scale power inverters for renewable energyusystems (Nasdaq: SATC) supplied four inverters to the ’as solar photovoltaic system. The rooftopo installation willproduce 1.1 megawatts of powe to cut the convention center’s energy costs and greenhous e gas emissions. “The Orange County Convention Cente installation continues to set the standardefor clean, utility grade energy in North America,” said Pete vice president of sales and marketing at Satcon, in a “The project showcases both Orange County’s and the state of Florida’s commitment to solar energy as a reliablde source of power to supply their energ demands.
We applaud theif innovation and are honored to be a part of this worl class team ofindustruy leaders.”

Pinnacle Entertainment, Inc. Company Profile | PNK Company Information

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We are a leading developer, owner and operator of casinoes and related hospitality andentertainment Domestically, we currently operate six casino we have four other casino developments in various stages of planninh and construction, and we are pursuing two other casino development opportunities. In addition, we have severall small casino facilities inforeign markets. Our long-terjm strategy is to maintain and improve each of ourexistinhg casinos; to build new resortd that produce favorable returns abovw our cost of capital; and to develop the systemes to tie all of our casinoz together into a national gaming Hence, we are developing new, high-qualityy gaming properties in attractive gaming markets; we are maintaininvg and improving our existing properties with disciplined capital we are developing a customer loyalty prograkm designed to motivate customers to continue to patronizre our casinos; and we may make strategic acquisitiones at reasonable valuations, when and if Our largest casino resort is LAuberge du Lac in Lake Louisiana.
Lake Charles offers the closest full-scale casino-hotel facilities to Houston (the seventh-largest metropolitan statistical area in the United as well as the Austin and San Antoniometropolitahn areas. Lake Charles is approximately 145 miles from Houstom and approximately 300 miles and 335 miles from Austinn andSan Antonio, respectively. ...

GlaxoSmithKline makes billion-dollar deal on drug - Triangle Business Journal:

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Synta, headquartered in Lexington, will receive an upfront paymengtof $80 million from Glaxo, which is headquartere in London and employs 6,000 people in the Triangle. Synts stands to earn as much as $1 billionb over time in milestonr payments if the skincancer drug, known as makes it to the markey and meets sales expectations. Some $135 million of that moneu would be doled out before regulatory while $450 million would come after approval of the drug for variouxs indications and $300 million would be based on salese thresholds.
Synta and Glaxo will sharew responsibility for developing andcommercializing STA-4783 in the United while GSK gains exclusiv e rights to develop and sell the drug internationally. STA-4783 is enteriny late-stage human clinical trials. GSK, subject to Synta's agreement, also may buy up to $45 milliob of Synta's common stock once developmentr and regulatory milestonesare met. In both companies will share development costs outside ofthe U.S., and Syntz gets double-digit, tiered royalties on net sales. Glaxop says STA-4783 becomes its 10th cancet drug in phase IIIclinical trials.
The company, which has seen its growth lag inrecent years, is trying to develop a franchises in oncology in an attempt to grab a larger shars of the lucrative market. Sharez of Glaxo (NYSE: GSK) were down 18 cents to $53.42 in mid-morningg trading Wednesday. Shares of Synta (Nasdaq: SNTA) were down 5 percenty to $9.71

Law & Disorder: Arboretum's landscaping tools burglarized - Florida Times-Union

http://indforex.net/about_welcomforex.html

Law & Disorder: Arboretum's landscaping tools burglarized Florida Times-Union By The Times-Union Thieves made off with tools necessary to landscape the 120-acre Jacksonville Arboretum and Gardens late last week. The arboretum at 1445 ... and more »

Nets GM Billy King says 'nothing imminent' in a potential deal for Nuggets ... - New York Daily News

http://www.comprendre-entendre.org/article/Spray-on-computers-reach-hard-places-.html

Kansas City Star

Nets GM Billy King says 'nothing imminent' in a potential deal for Nuggets ... New York Daily News With the trade talks for Carmelo Anthony reincarnated, Nets GM Billy King was sticking to his mantra while talking to reporters Friday, preaching patience ... Nets GM Billy King says nothing 'imminent' as Carmelo Anthony trade ... The Star-Ledger - NJ.com Nets not giving up on Carmelo Anthony deal NorthJersey.com  »

Education funding still falls short despite federal stimulus infusion - New Mexico Business Weekly:

http://smithkraft.com/2009/09/28/lifes-finest-pleasures/
That was the sentiment of an eight-member pane l of education, training and governmenty experts gathered by the South Floridaw Business Journal to examine howthe $787 billion federal stimulus package is impacting the region’w education and workforce training sectors. The pane l marked the third in theBusiness Journal’s ongoinfg stimulus series, aimed at tracking and analyzing the flow of money from the American Recovery and Reinvestmenyt Act into South Florida.
Florida’s Legislaturr was the only one nationally to request a federapl waiver that allowed it to take moneyu from education and replace it with stimulus dollarxs while other states used stimulus dollars to augment the The situation concerned panelistystate Sen. Eleanor Sobel. “We are not starting at the startingg line. The school district in Broward Countuy and those throughout the state are startint behind thestarting line,” Sobel “They have had problems for yearss and they are all scrambling.
” Veteranh educator Robert Parks, a member of the Browared County School Board, said, “Many of the large urban districts in the nation are afraid of one which is basically a bait and switcbh with those dollars.” What’s even more worrisome to some expert is that the stimulus money will eventually run out. “I’nm really concerned about in three years; what’s going to said José Vicente, president of ’s Nortb Campus. “This is a Band-Aid.” He said the college’d operating budget was cut $22 million while the stimulus money wasonly $13 Parks said Broward County’s school system has cut $1.
4 billionh from its construction budget in addition to furloughing 700 teachersd and 51 administrators. “We’ve closecd all of our school offices for the We don’t have summe school anymore,” Parks said. would have been lookingy at cutting its budget byabout $30 million without $12 million in stimulus said Dorothy K. Russell, the university’sz associate VP for financial affairsx andbudget director. The university cut 30 positionzand “had we not had the stimulus dollars it coulc have been much more severe.” George executive VP and COO of , said the $1.
3 billion in stimulusw funds given to the stated relieved pressure on the Legislature to further reduce supporg for Florida Resident Access Grants (FRAG), a key source of monet for students, but he pointed out that the grantxs used to be $3,000 a year for students and are now The amount is important to students, who find enrollment caps at state universities and turn to NSU and other private He also said that universities are workinbg together to apply for federal stimulus funding. NSU has a collaborativw proposal with and FAU fora $50 milliobn research building with wet labs, businesw incubator space and offices for the U.S.
Geologicalk Survey, which is helping oversee Everglades restoration. “We have shovel-ready projectxs we have submitted to the Governor and in the next 60 days we could put 1,000 people to work,” Hanbury said. The competition for these typesof though, is fierce. FAU is gettinhg about $12 million in directt infusion from the federal stimulus but the university also is seeking money from the for labs and Russell said. April was the monthg to submit applications and the results are expectedfby September. The strongest flow of so far, appears to be for programs that help the jobless asthe state’z unemployment rate has hit 10.
2

Small businesses want SBA to do more to help Main Street - Baltimore Business Journal:

http://anyeventpartyfavors.com/index.php?ukey=product&productID=25900
The SBA began on Monday to accept applicationsa for emergency bridge loans of upto $35,000. Smalll businesses can use these which were created by the economicstimuluss bill, to make up to six monthsx of payments on existing They won’t have to start repaying the loans until a year after the last disbursement. The SBA will subsidizre the interest on these which will be offeredthrough private-sector The stimulus bill also temporarily reduced or eliminated fees on the SBA’z regular 7(a) and 504 business loans, and increased the government guarantee on 7(a) loans to 90 percent.
Weeklg loan volume for the SBA’s 7(a) and 504 programs has increase d by more than 30 percent since these changese were implementedMarch 16. This increase in SBA lendinhg is “a positive and welcomed sign, but we have a very long way to go before SBA lending reaches solid levels saidCynthia Blankenship, vice chairman and chief operating officer of Bank of the West in Texas. Blankenship told the House Smallk Business Committee last week that Congress shoulf extend the fee reductions beyond 2009 or make them given the depth of the recession and the credit crisis facingsmall businesses.

Chase commits to Central Ohio expansion - Dayton Business Journal:

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The New York company, Central Ohio’e second-largest bank and third-largest employer, said it plansd to add several hundred jobs atits 8,000-employee McCoy Center operation at Polaris while several hundrede jobs will be addecd to a lending facility near Easton Town Center. About 150 jobs will be added atthe company’ss Cleveland Avenue operations in Westerville. Chase (NYSE:JPM) said it’w boosting employment in the region to handle additional supporr functions needed after buyinf Washington Mutuallast September.
The move comes after state and localo officials extended a round of incentive packagesd valued atabout $20 That includes a more than $6 million packaged from Columbus and a 15-year, 75 percent tax creditf valued at about $14 million from the Gov. Ted Strickland in a statement called Chase’s announcement “ tremendous boost to our economyu and very welcome newsfor Ohio.”

Burma Bars Foreign Observers, Journalists From Elections - Voice of America

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France24

Burma Bars Foreign Observers, Journalists From Elections Voice of America Photo: AP Burma has barred foreign observers and journalists from the country's controversial elections. The restriction is the latest in a series of moves ... No foreign media or observers for Burma poll BBC News Closed doors for Burmese poll The Australian Burma Bars Foreign Observers and Reporters from Election Democracy Now Journalism.co.uk -RTT News -RTHK  »

St. Louis banks

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Twenty of 24 banks chartered here and tracked quarterlu by the Business Journal own more real estatw as a result of foreclosuree than they did ayear ago, the most receny filings show. Collectively through the firsy quarter, the 24 banks recorded $139.4e million in foreclosed real estate, classified as “othefr real estate owned,” up from $94.2 million a year earlier an increase of48 percent. In addition, seven banks reported that more than 3 percent of theidr total loansare noncurrent, or nonperforming, whicy is considered poor. Once a loan is nonperformint — 90 days or more past due a bank can no longer recognizee itsinterest income.
Last year in the same ended March 31, only two of the 24 bankw reported more than 3 percenf innonperforming loans. The seven banks are , 3.08 , 3.17 percent; & Trust, 3.30 , 3.37 percent; , 3.41 percent; 4.26 percent; and , with a whoppinf 10.42 percent. Truman’s percentage is unusually high because it had an unusually large numberd of problemloans — so larg e that the ordered it to revamp its management and operations. “Until we can work the problemn loans throughthe pipeline, we’re going to have a swollen said Bill Kling, who was appointed Truman’s president last month.
“The key is to make sure there are few or no bad loanw enteringthe pipeline.” At many residential real estate loans have been modifiefd and restructured with lower rates or extension of the amortization period, said Gary Douglass, chief “A significant portion of these loans in excess of 80 percent — are current and performingt in accordance with their modified terms, even though for reporting purposews we are required to continue to classif y them as nonperforming for 12 months aftee the modification.” Nonperforming loans of less than 1 percent are consideredr good. Seven banks achieved that in the down from 12 ayear earlier. The seven are: Trust Co., 0.
42 percent; , 0.75 percent; , 0.19 , 0.83 percent; Midwest BankCentre, 0.30 , 0.25 percent; and . 0.82 Vince Coleman, president and chief executive atSoutherbn Commercial, said his customers have had the money to pay theid loans — so far. “But we also have more customers runningv outof resources.” The remaininv 10 banks reported nonperforming loanes of more than 1 percenrt but less than 3 percent, thoughh more are closing in on 3 “In the early 1980s when savinge and loans were droppin g like flies, 3 percent of loans being past due would get you onto a problej bank list with the examiners, if you were low on capitak or weak on management,” said Dan a St.
Louis banking consultant and formerdbank examiner. The lists are not made public. Only four of the bankss had less foreclosed real estate than ayear ago. They are Eaglee Bank, Pulaski Bank, The Bank of Edwardsville and the Business The foreclosures arenot unexpected, given the collaps of the real estate The combination of fewetr people buying homes, residential developera stuck with large inventories and declinesd in commercial real estate values as retail saleas plummet mean that fewer borrowers can make theier payments. In fiscal 2008, other real estate owner jumped 50 percent at the24 banks.
And it’zs important to note that the propertiew have been marked down to prices that banks feel confidenft theycan recover. “But the trend is clearly a deteriorating quality of saidJim Wagner, chiefg executive of & Trust. Parkside, which launchee only last year. Parkside isn’t one of the banka in the survey and has zerononperformingt loans. “Until the trend stopsx getting worse, there is no reason to expect the industru at large to get any The communitybanks surveyed, chosen as a samplew to gauge the state of St. Louis banking, vary widelt in size, ranging from , with $6.
5 billionn in assets, to Rockwood Bank, with $352 Among six much larger nationa l and regional banks tracked quarterlu by theBusiness Journal, only UMB had nonperforminhg loans of less than 1 percent 0.52 percent through the firs quarter, up from 0.21 perceny a year ago. Three had percentages highetr than3 percent; , 5.41 , 4.34 percent; and U.S. Bank, 3.37 was the only one of the six with less forecloseds real estate than ayear ago, $8.7 milliohn compared with $10.6 million. Firsg Banks had the biggesyt jump, from $13.2 million in other real estater owned a year agoto $145.
8 million this First Banks, which has locations in five was hit especially hard by the real estate collapse in Californias and Florida and has been workingv through problem loans for Terry McCarthy, president and chier executive, has emphasized that the bank’s total risk-based and Tier 1 capita l ratios were better than the “well-capitalized” guidelines regulators recommend.

Biovest study backs non-Hodgkin

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The study was featured at the ’zs annual meeting in Orlando, Biovest said in a release. It is a brighy spot for Biovest and itsparenty company, (PINK SHEETS: ABPIQ), whicuh filed for Chapter 11 bankruptcyu late last year. BiovaxID is a personalized therapeutifc anti-cancer vaccine individually manufactured from a tissue biopsy obtainecd froma patient’s own selectively targeting only the cancerous B-cells whilew sparing health cells. The study found that patientd who received BiovaxID experiencesd amedian disease-free survival of 44.2 month, comparef to 30.6 months for thoser who receive a control vaccine, an increase of 47 In follow-ups with a mediaj of 4.
7 years, patients receiving BiovaxID experienced a 38 percenyt lower risk of disease recurrencr compared to patients receiving the contro l vaccine. BiovaxID is the first vaccine targeting lymphom to demonstrate sucha disease-free survivap benefit, the release said. Biovest (PINK BVTI) has initiated discussions with the and the to determine the most appropriateregulatory pathways, Samuelp Duffey, president and general counsel of Biovest, said in the release. The companhy also plans to make the vaccind available throughout most of Europe through a compassionated use drug access program that allows European physicians to prescribe drugs to qualifying patient before approvalsare granted.
Both Accentiq (PINK SHEETS: ABPIQ), a drug development firm, and Biovest are headquarteredin Tampa.

Fumes at Air Traffic Facility Snarl NYC Airports - CBS News

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Fumes at Air Traffic Facility Snarl NYC Airports CBS News Reported departure delays are about one hour, while arrivals are delayed about 30 to 45 minutes. "Local fire department is on scene," says Jim Peters of the ... NYC airport delays after radar facility evacuated WCAX Flights delayed due to radar facility evacuation 7Online.com  »

$7M grant devoted to Native health - Sioux Falls Argus Leader

http://www.built-to-spec.com/blog/2010/05/02/workshop-aquired/

$7M grant devoted to Native health Sioux Falls Argus Leader Sanford Health will receive a $7.1 million grant to help address health disparities among Native Americans, which are especially high in South Dakota and ... and more »

Tampa Bay Rays' ailing star Evan Longoria demonstrates his leadership - Tampabay.com

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FOXNews

Tampa Bay Rays' ailing star Evan Longoria demonstrates his leadership Tampabay.com If he had not just provided you with so much pleasure, perhaps you might have felt his pain. ... ALDS: Ailing Longoria redeems himself to help Rays even series Yahoo! Sports (blog) Evan Longoria's HR, 2 doubles help Rays again fend off elimination ESPN (blog)  »

Architects for Banks have more work to do - Baltimore Business Journal:

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Michael Moore, the city's interim director of the Transportatio & Engineering Department, said the board scheduleds another working session forJuly 22. Board members asked the developmenyt team's architects to continue to refine their design for the first phase of thenearluy billion-dollar Banks project, Moore The board is especially interestede in the northeast corner of the which will be the first thing peoplee see as they walk out of Greart American Ball Park. "It's pretty visible, and it'w pretty important," Moore said. Constructionj of the first phase of the Bankseis underway.
Crews are building the underground garages that will lift the developmen t out of theflood plain. Construction of the "overbuild," whichu will consist of retail space, 300 apartments and possiblt aboutique hotel, is expected to start latert this summer. The Atlanta-based team of Cartet and the Dawson Co. is developin the project for the city andHamilton

Amend the lobbyist registration law - Concord Monitor

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Amend the lobbyist registration law Concord Monitor By Monitor staff A recent challenge by a state legislator highlights the need to amend the New Hampshire law requiring the registration of lobbyists. ... and more »

Survey: Small businesses optimistic - Washington Business Journal:

http://www.e-fabre.org/Ethologie.html
According to the survey, 83 percent of small-business executives are optimisticx abouttheir company’s long-term abilitt to rebound when the economh improves. About 65 percent expect their company’s markeft share to increase by the time therecessionm ends, and 73 percent expect revenue to have grown by then. Only 6 percent of small-business executives worldwidew expect the quality of talentf in their organizations to decrease once the economy 38 percent expect it to Yet many of the business leaders surveyed say theitr governments are doing too little to support them through theworldwide Forty-eight percent said local governmenf is unsupportive of their and 39 percent say the same of national Asked to explain that lack of small-business executives worldwide said smaller companies “do not attract enough attention” (39 percent), “the publicv at large perceives large companied as more important than small- and mid-sizwe companies” (28 percent) and “small- and mid-siz businesses have fewer advocates than large companies” (24 The Economist Intelligence Unit is the business-information arm of the Economisft Group, publisher of The Economist magazine.
It surveyedx 328 owners and executives of smalkl and midsized businesses aroundethe world. About 29 percent of the respondentd were fromNorth America.

Tweet if you want to increase customer traffic - Silicon Valley / San Jose Business Journal:

http://www.dameiflocking.com/iran-kritikuet-rezolyuciyu-magate/
Twitter is a social networking tool that answers thequestion “Whag are you doing?” in 140 charactere or less. Originally designed as a personal social networking tool for familyand co-workers, marketers and othee business professionals recognized its potential and are now seizing it for everythinvg from customer service and brand perception monitoring to promotion of new productsw and services. Best of all, it’sd all in real time. Even the president of the UnitefStates (@BarackObama) was all a-Twitter duringf the campaign, as well as nationakl news sources such as Heck, even Oprah Winfrey “tweets.” So, should you start tweeting?
Well, consider these statistics. According to , Twitter had 19.44 milliojn unique visitors in April, up from 1.5 million in Aprilk 2008. , however, recently reported that more than 60 percentgof U.S. Twitter members abandonh the site after one monthof use. But don’r let that discourage you. There are still close to 5 million users on Twittefr from which you can create your veryown following. And, once you do, you can reac h them with your message inreal time. So, how are companiew using Twitter to promotetheir businesses? Here are just a few • (@zappos): With more than 600,000 followers, Zappos chier executive officer Tony Hsieh understands the powere of Twitter.
He sells shoes online, and throughb Twitter, and has become a one-man customer service and marketiny machine for the onlineshoe retailer. Althoug some might find Twitter to be abit impersonal, he uses it at Zappods for building more personal connections with both the company’zs employees and customers. And given the fact that the companhy was featuredon ’s annual 100 Best Companies to Work For the guy must be doing something He continues to foster brand and employees loyalty one tweet at a time.
High-end food vendors: I know, as odd as it sounds, mobilw food vendors are using Twitter to draw more The drivers tweet via theire cell phones to alert customers to their whereaboutds andmenu options. That’s true in the case of , whichy is, according to the , an almosg cultishly popular Korean-Mexican style taco vendor in Los According toJane Goldman, editor-in-chiet of , “the Kogi folks have show n themselves to be adept at turning thoses mini-missives into a hugely successful marketinvg machine.
” • Cares (@comcastcares): Not known for theirr customer service acumen, Comcast was able to take a barragw of negative comments and stories in the blogosphere and, via turn them into one of the most successful customerf service case studies on the Web. How might you use Twitter to promoteyour business? Depending on the type of businesas you’re in, here are a few ways you mightf capitalize on the craze: • Restaurants: Tweet abougt your food and drink specials, events, new menu etc. Chefs can tweet about what they’res picking up from the farmers marker and the sommelier can tweetr about the new Bordeaux she just addeed to thewine list.
• As a retailer, what you want is and Twitter can help youget it. Twee about your new arrivals, sales, specials, discounts and exclusive • Grocers: From fresh strawberriese to succulent salmon, tweet about seasonal specialsand sales. Given the real-time nature of Twitter, during hot summerd months you can twee t about cold concoctions tosatisfy one’s thirst. This list could go on and on. Theaters/concert venues: Let people know there are still seatsz available at adiscounted price. Tweert about the arrival of a celebrity. With great movies and music, the topice are endless.
• Marketers: Yes, I tweet, along with many of my At our agency, we use it to communicatwe with editors, writers and reporters, as well as clients and other To borrow a linefrom Shakespeare, “All the world’ws a stage. ...” Isn’t it time you startedf tweetingfrom it? So grab a twitter handl e (that’s the name you’ll go by following the @ and get to tweeting. Feel free to follow me at @DebiHammondx or twitter.com/DebiHammond.

Math experts to meet teachers - Malaya

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Math experts to meet teachers Malaya SIX international math experts from China, Taiwan, Australia, Hong Kong, Indonesia and Thailand are due soon to train teachers on the latest trends in ... Experts to Train RP teachers Manila Bulletin  »

http://www.aolnews.com Pulls 'Taliban Mode' From 'Medal of Honor' Video Game - AOL News

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http://www.aolnews.com Pulls 'Taliban Mode' From 'Medal of Honor' Video Game AOL News (Oct. 1) -- Facing mounting pressure from politicians, the military and their families, video game publisher Electronic Arts has pulled a controversial ... and more »