Maine football picked to finish 8th in conference

ORONO, Maine ? The University of Maine football team is being picked to finish eighth in the Colonial Athletic Conference this year.

In a preseason poll voted on by coaches and sports information personnel, Villanova was the top pick in the 11-school conference, followed by Towson and New Hampshire. The results were released Wednesday at the conference's media day in Baltimore.

The poll ranked Richmond fourth, followed by James Madison, Delaware, Stony Brook, Maine, William and Mary, Albany and Rhode Island.

Tight end Justin Perillo was Maine's only player to make the preseason all-conference team.

Maine's season begins Aug. 31 at Norfolk State. The home opener is Sept. 14 against Bryant.

Source: http://feedproxy.google.com/~r/bostonherald/sports/~3/rc4W1VtNBmE/maine_football_picked_to_finish_8th_in_conference

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Hearing aid maker adding 60 Twin Cities jobs

Provided by ReSound

ReSound is investing $2.5 million to make room for 60 more jobs at its Bloomington office.

ReSound is investing $2.5 million in its North American headquarters, and adding 60 jobs to the 400 it already has in Bloomington.

Hearing aid manufacturer ReSound is renovating its Bloomington headquarters in order to make room for 60 new jobs.

The company is investing $2.5 million to update the building at 8001 East Bloomington Freeway that's been its U.S. headquarters since 2001.

The company has about 400 employees at the facility today and is hiring for another 60 production jobs to accommodate its fast growth. The Denmark-based firm's U.S. revenue increased by 49 percent over the past three years, according to a press release.

The expansion should be complete by September.

ReSound leases the 122,000 square foot former Control Data facility from Los Angeles-based Bently Forbes. However, the building will be sold next week to Oak Street Real Estate Capital, based in Chicago, according to Karen Sams, a spokeswoman for ReSound.

Sam Black covers real estate, manufacturing, food, and economic development

Source: http://feedproxy.google.com/~r/vertical_50/~3/rPjzo4xGB4k/resound-expands-bloomington-60-jobs.html

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Surge in iPhone sales rings well with Apple investors

Wed Jul 24, 2013 4:29pm EDT

(Reuters) - Apple Inc shares opened about 5 percent higher on Wednesday after the technology company's third-quarter profit beat analysts' expectations due to stellar sales of its iPhones.

The world's largest technology company said it sold 31.2 million iPhones in the quarter, far more than the expected 26 million, easing concerns that growing competition is hurting demand for its smartphones.

Higher sales of older phone models drove sales numbers in the quarter as Apple aggressively cut prices for the older iPhone 4 in emerging markets before phasing it out, Susquehanna Financial Group analyst Chris Caso wrote in a note.

Many analysts have not updated their outlook on Apple stock, preferring to wait for the expected launch of iPhone 5S and a low-end iPhone later this year before updating their views.

BMO Capital Markets raised its rating on the stock to "outperform" from "market perform" citing Apple's fourth-quarter gross margin forecast of 36-37 percent at a time when new products are expected.

"We believe that the September-quarter gross margin guidance plausibly supports our view that the new mid-range iPhone will be in the ~$450 price range with approximately 38% to 40% gross margins," BMO analysts said.

However, Stifel Nicolaus analyst Aaron Rakers cut his price target on Apple stock by $60 to $540, saying weak China results and iPad shipments were negatives for the company.

A sharp drop in Apple's China revenue in the second quarter underscores the challenges it faces as cheaper local rivals close the technology gap, threatening demand in the company's second-largest market.

Along with a lower-priced iPhone some analysts want to see a new line of product from the company to complement its phones and tablets.

After smartphones, a watch-like wrist gadget is considered a potential new battleground between Apple and rival Samsung Electronics Co.

"Although (the) iPhone refresh will help the sentiment on the stock, we believe the company needs to launch a new product category to drive estimates materially higher," Mizuho analyst Abhey Lamba said in a note.

Apple has applied for a trademark for "iWatch" in Japan.

Apple shares, which have lost about 18 percent in market value in the last six months, closed at $418.99 on the Nasdaq on Tuesday.

(Reporting by Supantha Mukherjee and Chandni Doulatramani in Bangalore)

Source: http://feeds.reuters.com/~r/reuters/technologyNews/~3/Uk2gni3PSoM/story01.htm

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Bullish on aerospace, United Tech lifts 2013 forecast

By Ernest Scheyder

(Reuters) - United Technologies Corp, the world's largest maker of elevators and air conditioners, raised the bottom end of its 2013 earnings forecast on Tuesday, citing its growing confidence after a jump in aerospace orders and cost cuts.

However, the conglomerate, which also makes Pratt & Whitney jet engines and Black Hawk helicopters, said revenue would be at the lower end of its forecast of $64 billion to $65 billion for this year.

Executives said the onus was on them to turn United Tech's burgeoning order book into revenue, a challenge they said was achievable.

"We've got to see 6 percent (revenue) growth in the back half of the year, and that's a challenge," Chief Financial Officer Greg Hayes said in an interview. "But we have the orders, and that gives us confidence."

Orders for large commercial engine parts rose 65 percent in the second quarter, largely because of last year's $16.5 billion acquisition of parts maker Goodrich, the largest in United Tech's history.

The buyout, though criticized as expensive at the time, has helped United Tech become the preeminent supplier of parts to aerospace customers, offering a suite of services previously supplied by many rivals.

Roughly 65 percent of an airplane's components now come from United Tech, estimates William Blair & Co analyst Nick Heymann.

The rise in miles flown by airlines around the world has caused demand for spare parts to grow, boosting United Tech's profit.

"The recovery in the global economy is creating nice opportunities for us to deliver," Chief Executive Officer Louis Chenevert told Reuters. "Things are improving."

While cost cuts do factor into the new earnings forecast, Wall Street has largely focused on the growing aerospace market share, sending United Tech stock up 25 percent so far this year.

Shares of United Tech rose 2 percent to $104.17 in morning trading.

"The big thing for me was the jump in orders for replacement parts for engines," said Edward Jones analyst Christian Hayes. "That's a very profitable business."

The company gained an edge last week when rival General Electric Co won U.S. antitrust approval for its $4.3 billion buyout of Avio's aviation business only by promising not to interfere with the Italian plane component maker's development of a key engine component for United Tech.

The agreement, which allows United Tech to place staff at the Avio facility once the merger closes, effectively means GE will be building a key part for one of United Tech's jet engines.

CHINA

Orders in China for Otis elevators rose 39 percent in the second quarter, helped by expansion of cities in the country's central and western regions.

"It's a very robust market, and there's plenty of work for all the big players to be happy," Chenevert said.

United Tech posted second-quarter income of $1.56 billion, or $1.70 per share, compared with $1.33 billion, or $1.62 per share, a year earlier.

Analysts on average expected earnings of $1.57 per share, according to Thomson Reuters I/B/E/S.

Revenue rose 16 percent to $16 billion. Analysts expected $16.37 billion.

United Tech raised the low end of its 2013 earnings forecast to $6.00 a share from $5.85 while keeping the high end at $6.15.

Wall Street expects 2013 profit of $6.11 per share.

United Tech also raised its cost cut estimate for 2013 to $450 million from $350 million.

Most of the cost cuts are layoffs across United Tech's various businesses. Last week, for instance, 575 employees at the Pratt & Whitney unit took buyout packages.

United Tech said that because some new jet engine projects would not launch until at least 2015, the company needed to cut costs now.

(Reporting by Ernest Scheyder; Editing by Lisa Von Ahn)

Source: http://news.yahoo.com/united-technologies-income-rises-goodrich-buyout-111758526.html

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Support grows for fired Arcadia High School coach James O'Brien

For Arcadia High School cross country team members, alumni and parents, the path to get fired head coach James O'Brien reinstated is an uphill battle. But the long distance runners are used to that, their coach taught them how to endure and they vow to be in it for the long haul.

Although he was fired over a month ago, support for O'Brien, who led the team to two state and two national titles in the last three years, has not dwindled, but grown stronger.

Former athletes have started a social media campaign called "Storm the Board" to encourage people to attend Tuesday night's Board of Education meeting where the board will discuss the high school cross country program. A "Keep Coach O'Brien at Arcadia" Facebook page page has generated 3,500 "likes."

O'Brien's supporters expect about 200 people will attend Tuesday's meeting, which will be held at the school district's performing arts center.

Although the board has put the matter on its agenda, it is unclear if the board will vote whether or not to reverse the decision to dismiss O'Brien, which was made by Superintendent Joel Shawn. No vote is scheduled for Tuesday.

Arcadia Unified School Board President Cung Nguyen said Tuesday's meeting will allow O'Brien and the community to speak to the entire board.

"At this time, I cannot predict if this could lead to a future vote on this matter," he said.

The school district held an informational meeting

late last month with parents and athletes to discuss O'Brien's firing, but attendees were dissatisfied with the explanation they were given for O'Brien's firing.

School administrators have said O'Brien was dismissed because the school wanted to go in "a different direction."

In a YouTube video created by O'Brien's supporters, O'Brien explained that days after he was fired following public outcry at his ouster, he was given further explanation.

O'Brien said Shawn told him he was fired because he vandalized school lockers. O'Brien said he had painted a yellow X on lockers that were broken so that students wouldn't use those lockers because items were being stolen out of them.

In the video, O'Brien also said he felt school district administration have a "personal vendetta" against him because after being reprimanded for taking girls on a pre-season team trip to Mammoth Lakes for altitude training, he won a grievance against the school district.

Gary Yamada, one of the parents who is organizing the effort to reinstate O'Brien, said he is hopeful a school board member will initiate a vote Tuesday night to reinstate the coach.

"My hope is that a few of the board members would have the courage to make that vote," Yamada said. "I know it's unpopular to go against a recommendation made by a superintendent, but that's why we elect the officials, to speak for the people."

There are some supporters who are willing to initiate a recall effort of some school board members if no action is taken, Yamada said.

One organizer, Esmond Wei, who graduated from Arcadia High School in 2011, credits O'Brien with helping him get into New York University, where he runs and is studying finance and math.

"He brings something out of people that you just can't teach," Wei said.

O'Brien said the school district offered him a paid consultant job, where he would be able to interact with other students-- just not cross country team members.

O'Brien has said he would be willing to take the job as an assistant coach. The district hired Michael Feraco-Eberle, who worked under O'Brien for several years, as head coach.

His supporters do not think hiring O'Brien as an assistant coach is an acceptable option.

"We don't want to settle for anything less but to have the best coach in the country lead his team to another national championship," said Wei.

Source: http://www.pasadenastarnews.com/news/ci_23709354/support-grows-fired-arcadia-high-school-coach-james?source=rss_viewed

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'Stand your ground' laws rattle US politics, society

The George Zimmerman murder case in Florida focused attention on the state's controversial 'stand-your-ground' law. Critics want to repeal such laws, but that seems unlikely. At least 22 states have 'stand-your-ground' laws.

By Brad Knickerbocker,?Staff writer / July 21, 2013

Jaquin Nelson, 6, wears a hooded sweatshirt during a church service in New Orleans Sunday as part of a ?Hoody Sabbath,? in reaction to a Florida jury's acquittal of George Zimmerman, who was found not guilty in the shooting death of unarmed teenager Trayvon Martin.

Gerald Herbert/AP

Enlarge

Florida?s controversial ?stand your ground? law was the specter hanging over the trial of George Zimmerman, the neighborhood watch volunteer who shot and killed unarmed black teenager Trayvon Martin.

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Mr. Zimmerman?s legal team did not use ?stand your ground? as part of its successful defense against murder and manslaughter charges. But the judge cited the law, chapter and verse, in her instructions to the six-woman jury that set Zimmerman free.

Now, ?stand your ground? is the focus of political and public debate ? featuring elements of gun control, race relations, and criminal justice ? over how to act in ways that prevent such deadly violence.

More than 100 cities and towns across the country held ?Justice for Trayvon? rallies Saturday at which ?stand your ground? was a featured issue.

?We are trying to change laws so that this never, ever happens again,? civil rights activist and MSNBC host Al Sharpton told the crowd in New York.

Speaking earlier in the week to a NAACP convention in Orlando, US Attorney General Eric Holder said, "It's time to question laws that senselessly expand the concept of self-defense and sow dangerous conflict in our neighborhoods,? an obvious reference to ?stand your ground? laws.

In his unusual comments on race to reporters in the White House press room Friday, President Obama was more explicit.

?If we're sending a message as a society in our communities that someone who is armed potentially has the right to use those firearms even if there's a way for them to exit from a situation, is that really going to be contributing to the kind of peace and security and order that we'd like to see?? he asked.

In the Zimmerman case, the President continued: ?If Trayvon Martin was of age and armed, could he have stood his ground on that sidewalk??And do we actually think that he would have been justified in shooting Mr. Zimmerman who had followed him in a car because he felt threatened??And if the answer to that question is at least ambiguous, then it seems to me that we might want to examine those kinds of laws.?

Speaking on CNN Sunday, Sen. John McCain (R) of Arizona said a review of what he called such ?very controversial legislation? would be appropriate.

After its August recess, a Senate judiciary subcommittee will hold a hearing on ?stand your ground? laws, chairman Dick Durbin (D) of Illinois said Friday.

The?Senate Judiciary Committee subcommittee on Constitution, civil rights and human rights??will examine the gun lobby?s and the American Legislative Exchange Council?s influence in creating and promoting these laws; the way in which the laws have changed the legal definition of self-defense; the extent to which the laws have encouraged unnecessary shooting confrontations; and the civil rights implications when racial profiling and ?stand your ground? laws mix, along with other issues,? Sen. Durbin said in a statement.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/CUhIoiwxK2M/Stand-your-ground-laws-rattle-US-politics-society

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