| Medical device maker Carbylan raises $20M
Carbylan BioSurgery Inc. raised $20 million in its second round of venture funding. Vivo Ventures led the round, while Alta Partners and InterWest Partners also gave money. Albert Cha, M.D., of Vivo Ventures took a seat on Palo Alto-based Carbylan's board of directors as part of the financing. The company, started in 2005, makes medical devices used to treat rhinosinusitis and osteoarthritis. George Daniloff, M.D., is its president and CEO. .
Princesses 'Enchant' For Audience
It was an enchanted weekend for some kids who couldn't wait to see a fairy tale story come to life on the big screen. The Little Gym partnered with Walt Disney Studios to promote the film "Enchanted." But before the movie, some decided to show off their gowns. This red carpet premiere was the perfect place for the little girls who dream of becoming princesses. "She loves princesses, that's her favorite thing, so we enjoyed coming out all dressed up as a princess," said mom Patricia Blair. "It's been a of fun to hold this here, said organizer Ythan Lax. "Having the kids do the gymmastic shows a little bit of what we do at the little gym and the parade of the prince and princesses. The kids really got into it and that's what we were looking for today." The event was also held at the Eastview Mall.
Tech firms see power, influence in numbers
Washington- Relative newcomers to Capitol Hill lobbying, technology giants with sometimes differing agendas are figuring out what oil and pharmaceutical companies have known for years: There's strength in numbers. Microsoft Corp., Cisco Systems Inc. and Yahoo Inc., among others, hope a merger of two major tech trade groups will ratchet up their lobbying clout inside the Beltway. The industry's Washington presence has long suffered, critics say, from lacking a unified voice to lobby on fundamental issues - such as taxes, patent reform, immigration and trade - that affect tech companies of all stripes. Combining the Information Technology Association of America and the Government Electronics and Information Technology Association will create a "powerhouse" organization with "much more of a consolidated voice in the industry," said GEIA President Dan Heinemeier.
Sheldon Drobny: Subprime Collapse: Was It Predictable?
The article below is from the small Business Times Milwaukee and Southeastern Wisconsin . Bob Chernow is a big supporter of liberal talk radio. Business News Milwaukee futurist predicted subprime collapseBy Bob Chernow , for SBT Published September 14, 2007 Editor's note: The author, Bob Chernow, prefers to speak his mind on the condition that he be referred only to as a Milwaukee businessman, because he is speaking strictly from his own perspective, and his viewpoints do not represent those of his company. He has more than 30 years of experience as a stock broker and is a noted futurist. The following are excerpts from a speech Chernow gave at the World Future Society in Toronto, Canada, in July 2006. Many of his forecasts about a pending crisis in the subprime lending market and a credit crunch are coming to pass.
City moves to aid restaurants
KALAMAZOO -- Actions by the Kalamazoo City Commission will aid two restaurants planning to open on the city's downtown mall. Commissioners Monday approved a $40,000 small business revolving loan for the Sprout Restaurant, described as a ``modern, neighborhood boutique restaurant,'' and recommended a liquor license for Mangia Mangia, a casual Italian restaurant patterned after its Paw Paw flagship. Mangia Mangia will open at 209 S. Kalamazoo Mall, where it will be transformed by its owners from Bogie's Cafe. The 100-seat eatery is expected to employ 10 full-time workers and about 15 part-timers. A $100,000 investment is expected for the restaurant, which will feature hearth-baked pizza and pasta dishes similar to the fare offered at the owners' other location, La Cantina Ristorante Italiano, in Paw Paw.
Bouchard Assesses Progress as Merger Vote Nears
STEUBENVILLE — While the deal took about six months longer than anticipated and steel and scrap prices took some damaging swings during the year, Esmark is preparing to wrap up its merger with Wheeling-Pittsburgh Steel Corp. Shareholders will meet in Pittsburgh Tuesday to finalize the merger, which would create a new Esmark Inc. as the holding company for Esmark's steel services centers in one division and Wheeling-Pittsburgh Steel in its steelmaking division. In the first three quarters of 2007, Wheeling-Pitt lost $158 million, and analysts say more losses will be announced when fourth quarter results are reported next year. In 2006, Wheeling-Pitt reported net income of $6.48 million. Esmark, which took over Wheeling-Pitt's board of directors in a 2006 proxy fight, has had its own management team in place at the steelmaker for nearly a year.
|
