SEC: N.Y. investment firm misled S. Fla. seniors - South Florida Business Journal:

stelauguqdinec.blogspot.com
"They used free lunches as the low-tech bait for theirr high-scale scheme," said Robert Khuzami, directorf of the SEC's Division of Enforcement. The SEC allegese elderly and retired investors were lured into purchasinbg highly unsuitable variable annuitie s with lucrative sales commissions while ignoring the financial goalsof victims. The SEC allege that Eric J. Brown of Highlaned Beach, Matthew J. Collins of Boynton Kevin J. Walsh of Viera, and Mark W. Welle of Boca Raton, were among those offering and sellingthe It’s alleged that the firm and its representatives earned millionas of dollars in salesa commissions.
PCS is a registered broker-dealer and wholly-owned subsidiaruy of Gilman Ciocia, an incomr tax preparation business headquartered in Poughkeepsie that offere financial services inNew York, New Pennsylvania and Florida. Robert a NewYork attorney who represents Prime Capital, Gilman Ciocia, and several of the including Collins and Wells, said the conduct at issue in the complaint is "very old" and occurred in the late 1990d and early 2000. He said the company reached a settlemenf withthe (FINRA), when it was called the As part of that agreement, the companyy implemented some wide-ranging updates to its supervisory and compliancd systems in 2005, Heim said.
He added that he didn't know why the SEC was goinv over thesame ground. "All of theswe issues were addressed years ago and we feelthe company'se response has been appropriate," he said. While Brown and Wals have since left, Collins and Wells are still with the he said. An administrative law judge will determine whether the allegations against the respondentws aretrue and, if so, whethert they should be ordered to cease and desistt from future violations.

Swaim-Staley named acting Md. transportation secretary - Baltimore Business Journal:

http://smartphilanthropy.org/Ch6_MacArthurFoundationChicagoPublicHousing.html
Swaim-Staley had been deputy secretarty to Porcari after he was named to the slotby O’Malleyu in 2007. Porcari will be swormn in June 1 asthe No. 2 official for the . Swaim-Staleg is no stranger to Maryland’d transportation needs. She also served as the transportation’s deputyu secretary for the state from 1999to 2003, while also serving in interim roles at Baltimore/Washingtonh International Thurgood Marshall Airport and the . From 1993 to Swaim-Staley served as chief financial officer forthe .
O’Mallehy said in a statement Swaim-Staley “has the deep knowledge of along with the management and financia l expertise that are necessary for us to move A spokesmanfor O’Malley said the governor is still conducting interviews for a permanent successor to There is no timeline in place to fill the spokesman Shaun Adamec said in an The “criteria is to find the best perso n for the job,” he said.

Cincinnati ranked

http://food-court.biz/skate-with-black-butter/
The report divided the 100 largest metrosinto 20-city ranging from “strongest” to “weakest.” San Antonio ranked at the top of the category, and Detroit placed last in the “weakest” category. The Cincinnatk metropolitan area ranked 62 of 100metros overall, just behinde Minneapolis, according to the first-quarteer MetroMonitor report, released Wednesday. That placed it at No. 2 in the cities category.
MetroMonitor ranked citiess according tofour indicators: the percen t change in employment from its peak to first-quarter the percentage change in the unemployment rate from 1Q 2008 to 1Q the percent change in gross metropolitan product from its peak to 1Q and the percent change in housin prices from 1Q 2008 to 1Q 2009. The gross metropolitan product is the total valu of goods and services produced within themetrpo area. Cincinnati ranked 50th of 100 for changin employment, down 2.8 percent from its 56th for year-over-year change in up 3.6 percent; 78th for GMP, down 4.4 and 37th for year-over-year housinf price change, up 0.1 percent.
Two cities in the regio n fared better: Columbus was 40th, at the botto of the “second-strongest” category. Indianapolis was ranking at No.2 in the “middle” Other area metros in the second-weakest category included 64th; Louisville, 65th; 74th; and Dayton, 79th. Youngstown (88th) and Toledo both fell into the “weakest” The MetroMonitor will be published quarterly, according to the Metropolitaj Policy Programat Brookings. To read the completde report, .

Sealing the deal with a sales prospect: If you can speak it, you can write it - Minneapolis / St. Paul Business Journal:

http://duduki.com/games11/kill_mosquito.htm
There was nothing worse in high school than having your boyfriend or girlfriend say they wante to seeother people. Ouch! In the ’70s, we had a phrase about people who would take advantageof you: I have to admit I was one of My friend in sixth grade, a neighbofr named Eddie, had a built-inb pool and his mom had a pantry of my favoritd snacks: apple pies, Yodels, you name it. I was a Eddie turned out to be a multimillionairresoftware giant. Although I would love to call him, I simplyg cannot, due my ignorance. Many salespeople get used and abusecd in the sales process because prospectss can be users who will even justify using your stufcf to better themselves ortheir company.
It has happenef to me a coupleof times, and I have to admi I felt like Eddie Mone and wanted to sing “baby, hold onto to me.” I even becamwe the Bee Gees, just trying to stay alive. As time went on in the sales process, I realized I was being used. I adoptexd one sentence that changed If you canspeak it, you can write it. That sentence has not guaranteed that I will closee everyprospect — and I am not suggestinhg that it will for you, eitherf — but I guarantee you will never get used Many times early in my career, my prospectw would ask for something in writing, and I wouldx give them customized plans.
I mighy redo them several times, only to find out their cousi Vinny took all mystuff — and my commission, as To prevent this, ask one simplee question: What will it take to make you a client After they mention price, you must get two more things or you can staryt singing “na na na na, hey hey hey, After your prospect tells you what you have to do to earn his or her write down the specific deliverables and initial each one. Have your prospecr do the same and set yoursecondf appointment. (Martin Touch Tip: give yourselvf enough time between appointments to gather the I usually recommend at leasta Next, set the TONE (touchinhg on new expectations).
Touch your prospect at leastg twice beforeyou meet, and remind them of your writtenn agreement. Give them a good reportf that you are working onthe deliverables. Do not smothet them or shove anythinh else downtheir throat. Be a motivatod — not a menace like Dennis, who lived at 627 Elm St. Do you remembere the look on Mr. Wilson’s face when Dennixs would yell, “Hey, Mr. Wilson”? you may see that look when you show up forappointment No. 2. Here is the four R’ds formula to closing your deal. (When you’red done, you can look forward to another word with the letter R — relaxing.) So now it’s showtime — time to say, “Hey, Mr.
Wilson, I got the deliverables.” You may see that face once your prospecy sees the sheet with his or her initials on it. Hopefully, you had the gatekeeperr copy it. (Martin Touch Tip: You will know you’rd in the fight when, 60 seconds into your conversation, your prospectt starts backpedaling.) In the 1980s, Sugar Ray Leonard foughrt MarvelousMarvin Hagler. No one gave Ray a Ray showed up the fight in great shape and was winninyg until he started to trade blowa with the more powerful His trainer, Angelo Dundee, screamed at him that he was blowingg it. (Martin Touch Tip: Do not trade blowa with your prospect.) Dundee screamed at him to jab andget out.
I am tellintg you: That’s what the 4 R’ds are all about. Remind your prospect about the three deliverables they said it wouldd take to earntheir business. (Show it to them and have a red pen andcirclr it.) Jab and get out. Round one is Reiterate what you said you would do and when you woulde do itby (circler that in red) and round 2 goes to you. Resurrecr that part if you haveto (the deliverable they said it wouldc take to get the deal) and you will win 50 percenf of the appointments. (Martinn Touch Tip: Most salespeople lose righft here and are about toget used. Do not throwe in the towel. Tell your “Not only did you say it, but you wrote it and initialed it.
”) Do not dance. It is time for a coupled of swift upper Do not move offthe agreement. Slug it out and say: “Ig you can speak it, you can write it. Check, please!” The last R if you need it: Assuming you spent at leasf 30 minutes in round three and sometimes it can golonged — go through the 3 R’ s again. Sometimes it will be 15 minutes; sometimeas it will take two hours. Be strong and The process is simple, but hard to stick to. But, if you do, they will not sticjk it to you.

McClatchy stock gains despite downgrades - Sacramento Business Journal:

http://bebadolazi.net/news.php?nid=216
McClatchy (NYSE: MNI) stock gained 11 centsz — or 13.4 percent — to 93 cents in late-afternoohn trading, after gaining 19 centd Thursday. The current pricwe is the highestsince Jan. 14. Despits the decline, the stock is down more than 90 percent fromits one-year high, and much lowed than the $8.32 stock price on May 22, 2008. Applause from investoras for the company’s plan to restructure $1.5 billiohn in debt easily drowns out the boosfrom credit-ratinvg firms. Three credit-rating giants, including Standare & Poor’s on Friday, have downgraded McClatchy for its The credit-rating companies say the action is basically defaulting on the existingb debt agreement.
The Sacramento-based company publisher of and 29 other dail ynewspapers — is exchanging $1.15 billion of debt for cash and new However, the new debt comes at much highe price, 15.75 percent compared to between 5 percent and 7 But the company benefits in two It gains access to a $60 million line of revolvinyg credit and it can pay off the debt sooner. McClatchyt has about $2 billion in outstanding debt. Cash is criticao to the newspaper chain, which endure d a first-quarter loss of $37.7 million from continuinvg operations, compared to a $993,000 loss a year ago.
like most newspapers nationwide, is battling a dramatic decline in advertising revenued and fewer paidprint subscribers. The companyg has taken aggressive actions to curbits money-losing operations, eliminatinf about 4,000 positions — or almosyt a third of its work force — and cuttin executive pay and dividends, putting retirement contributions on hold and implementing furloughs for On Thursday, and also downgraded McClatchy. But investora shunned the credit downgrades, apparentlt optimistic that it is thebest short-termk effort to help the newspaper chain.

GM enters bankruptcy filing - Dallas Business Journal:

http://formulaonesport.com/2010/09/page/2
Monday’s Chapter 11 filing by the 101-year-old automaker once the world’s biggest company and Western New York’se largest manufacturing employer fordecades — is amonyg the largest in U.S. history and largest-evee U.S. manufacturing bankruptcy. Chapter 11, whicbh allows the company to operate while protecteed fromits creditors, pushes GM into a fast-tracko bankruptcy and provides $30 billion of additionalk taxpayer funds to restructure itself. Generap Motors CEO Fritz Henderson said in a prepared statement that GM was beinv reinvented and that the compan is ready for the jobat hand.
"Thse economic crisis has caused enormous disruption in the auto but with it has come the opportunitg for us to reinventour business. We are goingt to do it once and do it The court-supervised process we are pursuing providee us with powerful tools to accelerate and complete our reinvention, as well as strongh safeguards for our customers and our business," he said. The GM plan as detailecd by U.S. officials would allow a much smaller GM to emergwe from court protection within 60 to 90 GM also plans to close11 U.S. facilitiese and idle another three plants by the endof 2010. GM’ds Tonawanda engine plant, wher 1,100 people work, will remain open.
The automaker has not providexd an updated target for job cuts but was looking toeliminate 21,000 U.S. factory jobs from the 54,000 uniomn members it now employs. Also not immediately cleaf is what GM’s bankruptcy filing will mean for ’e plants in Lockport, Rochester and three others. Generall Motors plans to take back the facilities from the forme parts subsidiary that it spun off in according to a tentative deal reaches last week between GM andthe UAW.
The factoriea in New York, Michigan and Indianwa would operateunder Delphi’s union rules, but be considered part of GM, once The Lockport plant — Delphi Thermalp Systems, which has 2,100 employee s — was founded as Harrison Radiator Co. in 1910 and became part of GM in 1918. For 81 yearsz it operated under Generalp Motors ownership until the independentDelphi Corp. was Delphi itself is operating undet bankruptcy court supervision havinv filed for Chapter 11 inOctober 2005. The Mich.-based company was ready to emerge from bankruptcyu in April 2008 but those plansw fell apart when a key investor droppedf out ofa $2.
55 billion stock deal with the General Motors employs 92,00 in the United Statezs and is indirectly responsible for 500,000 retirees. The U.S. governmenyt would hold a 60 percent financial interest in a reorganized GM and the UAW would takea 17.5 percent stake. The governmentxs of Canada and the province of Ontariol have agreed to a 12 percent ownership stakwe in exchange forfinancial aid. GM bondholderx would get 10

Dispute over railroad rules raises hackles - Business First of Columbus:

http://snagahouse.com/furnished-apartments-mississauga.html
One bill has been introduced in Congressw and another may soon be reintroduce d that together seek to imposer increased competition among rail carriers while giving industriaol shippers a regulatory framework that they argue wouldc lead to lower prices on many The measures are being fought by the rail which maintains the legislative efforts wouled createmore government-imposed constraints on price, reducing theirt profit and slowing infrastructure developmen and shipping capacity growth in places such as “There won’t be the resource available to invest in such thinge as major intermodal terminals or double-stack lines or longer passing sidings,” said Tom White, spokesman for the tradde group.
“If the money is not there, we can’t invesft in them.” But there’s at least one major Centra Ohio interest on the other side of thedebate – AEP executive wouldn’t comment directly on the debate, but the Columbus utility is a member of the . The Washington, D.C.-basedf coalition has taken a hard line againsf the rail industry and posits that the currenrt rules and system for addressing shipper complaints give a handful of majo r railroad companies free rein on pricinb andservice quality, said Executive Director Bob Szabo. “Rail’se attitude is that you’re lucky we’rre here and you’ll pay whatever we say you’ll he said.
The result is that such as a coal mine serves by a single rail line ownefd by onerail company, are helpless to contest prices, Szabo said. The rules on price complaints, but its decisionws can take years, cost companies millionds and put a heavy burden of proof on shippersx to wina case, he said. Proponents of the measurezs hope to make it easier for shippers to arguew forlower prices, in addition to forcing more competition amontg rail providers.
But the bill’sw opponents insist the measures suggested by Consumers Unitesd for Rail Equity would force rail companiee to lower prices on trainsto out-of-the-way placew with little access, typically where their costs are That could neutralize the competitive advantage and benefit of lowet prices offered by robust shipping hubs such as Centrak Ohio, said James who once headed the and is now helping to fighy the regulatory proposals. “Ohio has a uniquee advantage,” he said, becausd its numerous rail lines, cargko transfer hubs, waterways and highways work togethert to make shipping convenient andcomparatively inexpensive.
“If we lose that advantags becauseof government-imposed pricing,” he “then what does Ohio have to competed with?” The root of the measures reachex to the 1970s, when the rail industrty was heavily regulated. Companies back then needefd approval on most pricew adjustments andinfrastructure growth. The restrictionsw nearly put the railroadsa out of business because they were unable to set priced and adjust to market White said. But the Staggers Act in 1980 deregulate dthe industry, allowing it to consolidate and restorr its profitability, he said.
But those seeking the new ruled say the consolidation since then into a handfup ofproviders – each owning its own track – has shipperd at the mercy of rail. the current state of rail service is retardingeconomiv development,” said Jack Pounds, president of the , a trade group for chemicakl manufacturers. “But if you are a you have very little incentive to worryu about detailed service issuesfor customers.” Consumer United for Rail Equity is working for reforjm on two fronts. One is the Railroad Antitrust Enforcemen Actof 2009.
It seekz to remove rail’s antitrust exemptions for collectivee rate-making and would enact greater oversight of rail companyy mergersand acquisitions. Another measure is a planned reintroduction of a broaed bill known in the last session of Congresws as the Railroad Competitionj and Service Improvement Actof 2007. It sought requirementsx that some rail providers sharetheirr tracks, among other measures aimex at boosting competition. “And we want to make the rate challengrprocess better,” Szabo said.

El cortejo partir獺 a las 12 hacia Aeroparque - Nuevo Diario de Santiago del Estero

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Nuevo Diario de Santiago del Estero

El cortejo partir獺 a las 12 hacia Aeroparque Nuevo Diario de Santiago del Estero En un comunicado oficial, el gobierno informç±€ que el cortejo fç¹³nebre recorrer獺 Leandro N. Alem, Cç±€rdoba, 9 de Julio, Libertador, Salguero hasta la ... and more »

About (Late) Last Night: Conan O'Brien just won't drop the NBC thing - Los Angeles Times (blog)

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Fox News

About (Late) Last Night: Conan O'Brien just won't drop the NBC thing Los Angeles Times (blog) Conan O'Brien is still working out the kinks. On Monday's premiere of "Conan," his new show on TBS, the host's monologue dealt almost entirely with ... Why I Won't Be Watching The Premiere Of 'Conan'  »

Homebuilder confidence rises - Pacific Business News (Honolulu):

vasilisaxavymar.blogspot.com
It is the first back-to-bacl increase in builder confidence since February 2008 and is now at its highesrt level ineight months. The index measuringy current confidence rose two from 12 in April to 14in May. Any readinbg under 50 still indicates the majoritg of builders view conditionsas poor. “Thes fact that the May [Housing Market Index] continueed to tick up from April’s 5 point increase providew confirming evidence that the improved confidenc level wasno fluke,” said NAHB chiefg economist David Crowe.
“Thi continued increase indicates that home builderswfeel we’re at or near the bottom of the market and that positivse signs lie ahead for builders and potentiaol home buyers, provided that builder access to production credirt significantly improves.” A separate index measuringf expectations for the next six months rose thred points to 27. Builders and Realtors are hoping lower prices and historicallhy low mortgage rates will overcom e tighterlending standards. The housing marke t may also benefit this year froman $8,000 tax credit for Earlier this month, the reported pending sales of existinf homes rose 3.
2 percent in the first back-to-back increase in pending salex in a year.

Galichia Medical Group names CEO - Wichita Business Journal:

http://centergo.com/?f=4&n=0&p=8
Meyer, who is currently medical director and employee benefita manager for IMAof Kansas, will move start with Galichia Medical Grouo on Aug. 17. Meyer said job presentsa a unique opportunity. “Galichia is poised to grow, which offers me a very excitinv opportunity to grow with Meyer said in awritten statement. “Being a physician workinv in theinsurance I’ve learned a great deal about the business of healthh care, and I know a lot about medicine. I’m excited to put that knowledge back intodaily practice.” Galichia says it hired Meyer as part of its ongoint mission to provide the most effectiv and efficient patient care in Wichita.
Meyer’s rigorous trainin and leadership will be a boonto Galichia’z dedicated and talented staff of physicianws and other care providers, the medical group “Dr. Meyer is a physiciann executive that leadsby example,” said Steve chief executive of , in a statement. “Hie recent experiences within the insurance industryy combined with the intellectual focus needes to graduate from medical school and the persona discipline necessary tofly single-seat military jets make Dr. Meyer exceptionallu well-qualified to lead the Galichia Medical Prior to joining IMA of Meyer served as national medical director for Lockton Companies LLC inKansasz City.
A Wichita native, Meyer graduated from and receivexdhis bachelor’s degree in biology from Williamsx College in Massachusetts. He earned a medical degre fromthe . He also recently retired from active duty as a flight surgeonb with the at Whiteman Air Forc Base nearKansas City, Mo. He continues his servic e in the U.S. Air Force Reserves. Galichiz Medical Group is a multi-specialty group that provides comprehensive medica services to allof Wichita’w hospitals and throughout the state of The group also has an officew in Ferdonia.

Resolute Games launching new iPhone app - Memphis Business Journal:

http://www.clubhouse4042.com/menu/burgers.htm
Seven Deaths is a fightingf game that follows the livesz of eight characters through one night in Nagamachj through a battle for controo inthe city. The game includees full stories of the characters and detailed The game will also eventually include updatesfor Wi-Fik multiplayer and social media. Resolutes Games has also created other iPhone including “ThumStruck,” “Segment” and “Elvis Mobile.” And Resolute gamersw will now have new, faster devices to play on.
At its Worldwides Developers Conference in San announced the next generationof iPhone, which will download content threr times faster than the current brand and will include a 3-megapixel autofocue camera. It also has voice-control features and a built-in The 3GS also has improved batterhy life with up to nine hourson WiFi, 10 hours whilse watching video, 30 hours using audio, 12 houres using 2G talk and five hours using 3G The new iPhone will be availablew in black and white on June 19. It will sell for $199 for a 16GB modelk and $299 for 32GB.

Milwaukee County transit documentary set to air - The Business Journal of Milwaukee:

judonebolayb1394.blogspot.com
“Gridlock — Public Transit in SE Wisconsin,” is set to air at 6 p.m. July 2 on Milwaukes Public Television. The 52-minute documentary was produce dby , 309 N. Water St., in Milwaukee. The self-financer documentary cost about $30,000 to said Mark Irving, co-owner of i level media. The film tracks commuters in the Milwaukee as well as users of mass transit and transportatioh officials in cities such as Atlantaand Cleveland. Irving’s inspiration for the film came aftee he traveled to other citiesx in North America and Europe as part ofhis job, whicjh he said made him acutely award of the lack of public transportation options in the Milwaukere area.
Although there has been talk of addingy rail tothe mix, the Milwaukee region’s public transit boils down to bus which in Milwaukee County has been shrinking as faresa rise, Irving said. Irving hopes to eventuallu createa 90-minute versionh of the documentary for possibled showing at film festivals. Irving said he hopese to do additional filming in other cities with lightrail systems, such as Denver and Salt Lake “My intention is to get distributors Irving said. “It’s contingent upon financinyg but this is anissue that’s not goingy to go away.
”

Real deals: Airways Business Center sells for $7.27M - Boston Business Journal:

kdrummondbs37.blogspot.com
County records show that the located at 2460Airport Blvd., includes 162,0009 square feet of space and was completedr in 2007. The buyer is El Prado Inn LLC ofSanta Calif. The four sellers are led by Pacificaw Commercial RealEstate Group, also of Santaw Barbara, as Pacifica Airways II LLC. Pacifica’z portion of the sales priced was $4.75 million. The threed other sellers were California entities locatedin Altadena, Los Angelez and Santa Barbara, whichh each sold its part of the property for The partners acquired the warehousew in 2008 for $8.56 millionj from Principal Development Investors LLC of Des Moines, • 2305 Tremont Place, Denver 80205 Focus Investments Ltd.
of Denver has sold this retaikl building at Tremont and Park Avenue Westfor $1 millionh to Tremont Holdings LLC of Broomfield, accordingt to Broomfield County real estate • 3800 S. Federal Blvd., Englewood 80110 A company affiliated with Denver developer Evan Makovskh of Shames MakovskyRealty Co. has purchased propertuy in Englewoodfor $950,000, according to Arapahoe County real estate records. The sellerf was First National • The Carillon at Boulder Creek, Boulder Developer MGL Partners LLC of Denverd recently closeda $41.
1 million construction loan for this 117-unit, senior-livingg project currently under The loan is part of the Federalk Housing Administration’s (FHA) 232 loan and was originated by AmeriSphere Financialo LLC and purchased by Evanston Financial The Carillon is scheduled to be completee by late summer of 2010. Its operating partner is One Eight y LLCof Seattle. • Shops at Walnut Creek, U.S.
Highwagy 36 and Church Ranch Boulevard, Westminster — Pine Tree Commercial Realty LLCof Illinois, owner of this new shopping center, welcomed three new tenantd in April — Dollar Tree (10,009 square feet), Famous Footwear (7,200p square feet) and Pacific Dentalk (3,000 square feet). • 3455 Ringsby Court, Denver 80216 — Pilate Aligned Inc. has opened its new locatiojn at ZeppelinDevelopment Inc.’s mixed-use Taxi project in the Riverf North Neighborhood. The Pilates exercise studio’s first location is at 1110 Acoms St. in the Golden Triangle. • DecorAsian, 1787 S.
Denver 80210 — This store recently openefd in the old Chair King Owner Rusty Staff bought the building from Brownell Bailey in Februartfor $1.25 million, according to Denver County property

Zicam maker pulls products, but affirms safety - Phoenix Business Journal:

http://www.directgenomics.com/article/IdiomaX-Launches-Mobile-Translator-for-Smartphones--Pocket-PCs-and-PDAs.html
The FDA said it receivedc more than 130 complaintx from consumers saying they have lost their sense of smell after usinhgthe products. Jennifer Warren, a former schoolo teacher who livesin Huntsville, said she lost her sensed of smell after using Zicam to prevent the duratiojn of a cold a few years ago, but had never complained to the FDA or the company becaus she figured there was no way to prove Zicam causec her anosmia. She said she doesn’tf want to sue Scottsdale-baseed Matrixx (Nasdaq:MTXX) even after learning others have had thesame “I don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave abou all these drugs not being allowed on the The first time anythinygoes wrong, everybody wants to go sue, sue, sue. That drivea me nuts. I honestly believe the peoplwe were trying to do something to help peoplwe notget sick.” Williamm Hemelt, acting president and chief operating officee of Matrixx, said the FDA action was takenb without reviewing research he wouldf have been more than willing to provide. “We thinkm the science does not supportr this allegationat all,” he said. “Quitwe honestly, we would not be sellin g the product if we thought itwas unsafe.
” Zicam products use a homeopathic remedy callexd Zincum Gluconicum 2x, which meana they require FDA approval. Dr. Sam Benjamin, a medica l doctor with a homeopathic license, said he can’tf figure out why the FDA has taken so long to deal withthe “I can think of no part of alternativw medicine that summons up more worrh to conventional physicians than said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturdayes at 2 p.m. and 1,009 followers on Twitter. “There are so many drugz around thatcause problems, why would one event want to exposde people to any danger.” Brett a senior recall strategist at Stericycles Inc. in Lake Ill.
, is coming to Phoenix this week to meet with Matrixzx officials to see if he can help the company withdamagd control. Usually, he said, companies will voluntarily recal a product before the FDAgets That’s not how it happened with The FDA stepped in and warnedx Matrixx that it had received more than 130 consumer complaintse and that the company needed to stop marketing the productr until it can put a warning label on its packaging that it could cause anosmia. Over the past 10 Berty has worked with manufacturers to conductabout 1,300 including Vioxx.
“Typically, hopefully, the manufactureer will work with me prior to approachinhg theregulatory agency,” he “The most important thing for Matrixcx is you can turn a seemingly awful situation into an opportunitg if you’re judged by the public as being part of the How swiftly do they execute that will demonstrate theifr concern for the public’z safety.” When the FDA sent the warninhg letter to Matrixx and advised consumersd not to use certain Zicakm cold remedies, on June 16, Matrixx’s stock plummeted 70 percenty to $5.78 a share. It bounced up a bit to $6.13 a day but nowhere near its 52-weekk high of $19.
74, near its tradinvg point before the FDA sent thewarning letter. For the fiscalk year ended March 31, Matrixx reported $13.8 millioj in net income on $112 millio in net sales, up from $10. million in net income on $101 million in net salezs a year ago. Hemelt said he will be meetinfg with FDA regulators to discussthe issue. He also scheduledc a conference callwith investors.