Friday, February 1, 2013

Judge OKs Hawker Beechcraft reorganization plan

(AP) ? A federal judge gave the final nod Friday to Hawker Beechcraft's reorganization plan, clearing the way for the plane-maker to exit bankruptcy later this month.

Bankruptcy Judge Stuart Bernstein ruled Friday that the reorganization plan complied with the requirements of the bankruptcy code, finding the company proposed the plan in good faith to maximize the value of the estate and carry out the reorganization. The judge also said the plan satisfied the "best interest of creditors" test required under the law.

The 39-page ruling comes one day after a confirmation hearing in New York in which Bernstein made clear that he was close to signing off on a reorganization plan that will preserve thousands of jobs.

"Today's ruling marks the final significant step in the restructuring process," Robert "Steve" Miller, CEO of Hawker Beechcraft Inc., said in a news release. "Throughout this process, we have been guided by the goal of emerging in a strong operational and financial position, with an enhanced ability to compete well into the future. Our recapitalization and dramatically reduced debt load will allow us to do exactly that."

The slimmed-down company will be renamed Beechcraft Corp. and will shed the struggling business jet operations. It will focus on more profitable turboprop, piston, special mission and military aircraft, as well as its parts, maintenance, repairs and refurbishment business.

The Wichita-based company has secured an underwriting commitment for $600 million in exit financing consisting of a term loan and revolving line of credit from JPMorgan Chase Bank and Credit Suisse.

"Thanks to the hard work of our employees and the strong support we have received from our key creditors, union partners, elected officials, suppliers and customers, Beechcraft Corp. will emerge from this process as the world's leading designer and manufacturer of turboprop, piston and trainer/attack aircraft with the largest global customer support network in the industry," said Bill Boisture, chairman of Hawker Beechcraft Corp.

Under the reorganization plan, secured bank debt incurred before the bankruptcy as well as unsecured bond debt and certain general unsecured claims will be canceled, with those creditors receiving equity in the reorganized company. A board appointed by the new owners will take over once the company emerges from bankruptcy protection.

Boisture will become CEO of the newly reorganized Beechcraft Corp., while Miller will become senior adviser to the board.

In addition to its Wichita headquarters, the company has factories in Little Rock, Ark.; the United Kingdom; and Mexico, as well as more than 100 service centers worldwide. It has more than 5,400 employees.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-01-Hawker%20Beechcraft-Bankruptcy/id-7c6efa8be92b485fa92c20c2429bc8aa

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Virtual superheroes more helpful in real world, too

Jan. 30, 2013 ? Having virtual super-powers in a game may incite people to better behavior in the real world, according to research published January 30 in the open access journal PLOS ONE by Robin Rosenberg and colleagues from Stanford University's Virtual Human Interaction Lab.

Participants in this study were placed in a virtual environment and either given the power of flight or rode as passengers in a helicopter. They were then assigned one of two tasks: help find a missing diabetic child or tour a virtual city. The researchers explain that regardless of which task they performed, "Participants who were given the power to fly like Superman in virtual reality were more helpful afterward, out of virtual reality, compared to participants who were passengers in a helicopter in virtual reality."

The researchers suggest that embodying a superpower in virtual reality may prime players to 'think like superheroes' and thus facilitate subsequent helpful behavior in the real world. Alternately, the authors also suggest that participants who could fly in the game may have felt like more active participants than those who passively sat in the helicopter while performing tasks, and this more active involvement may have induced their subsequent behavior.

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The above story is reprinted from materials provided by Public Library of Science.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Robin S. Rosenberg, Shawnee L. Baughman, Jeremy N. Bailenson. Virtual Superheroes: Using Superpowers in Virtual Reality to Encourage Prosocial Behavior. PLoS ONE, 2013; 8 (1): e55003 DOI: 10.1371/journal.pone.0055003

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/mind_brain/consumer_behavior/~3/SUGqJMmfbG0/130130184151.htm

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When Does Your Sales Presentation Start? A Sales Presentation Tip ...

Here is an important sales presentation tip I shared with?Long & Foster, the largest real estate company in the Mid-Atlantic region of the United States. This is something that anyone giving a sales presentation should keep in mind.

When Does Your Sales Presentation Start?

When you open your presentation, understand you are opening long before you actually stand up and speak. If you want to have a great impact, interact with the audience, shake hands, meet as many as you can before you actually speak. We are very rarely nervous with one person, even if it?s someone very important. We only get nervous when it?s an audience, or a crowd, or a committee. So why don?t you use what I call the ?schmooze factor.? You?schmooze before you open your presentation. Then when you stand up you have already made friends. The first 30 seconds and the last 30 seconds should have the most impact. I don?t want you to start your speech with, ?Hello, my name is.? NO, because you?ve already met them. Even if you haven?t, there are much better ways to begin your presentation. Until you connect with the audience and they really don?t care who you are.

Give the opening and closing of your talk a little extra thought, time and effort. Get, ideas on how you might open and close your speech from this helpful free article, ?Open and Close Your Presentations with Power.?

Darren LaCroix and Patricia Fripp are partners in World Champions Edge coaching community with Ed Tate, Mark Brown, and Craig Valentine. You can hear them all at Lady and the Champs 2013 How to Speaking Conference in Las Vegas. Patricia and her friends are experts in public speaking, business presentations, sales presentations, marketing yourself and how to use social media to your advantage. These are all covered in Lady and the Champs.

You can listen, watch and learn for prior years as a value pack.

Lady and the Champs 2011 & 2012 Combo Pack

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Source: http://www.fripp.com/blog/when-does-your-sales-presentation-start-a-sales-presentation-tip/

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Slickdeals' best in tech for January 31st: 42-inch LG 3D HDTV, Dell XPS 8500 and Klipsch S4 in-ears

Looking to save some coin on your tech purchases? Of course you are! In this round-up, we'll run down a list of the freshest frugal buys, hand-picked with the help of the folks at Slickdeals. You'll want to act fast, though, as many of these offerings won't stick around long.

Slickdeals' best in tech for January 31st: 42-inch LG 3D HDTV, Dell XPS 8500 and Klipsch S4 in-ears

In a special Thursday edition of our gadget deals roundup, we offer some of the internet's best buys as we begin to look the weekend's direction. There's a pretty diverse group this time around too, as a Dell desktop, ASUS laptop, Klipsch in-ears, 42-inch LG 3D HDTV and Panasonic Micro Four Thirds digital camera all make the cut. Take a quick jaunt past the break to examine all of the offerings, and be mindful of any coupon codes that may be required in order to cash in.

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Source: Slickdeals

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/B_9eO9DAJ20/

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Beyonce says sang along to pre-recorded track at inauguration

NEW ORLEANS (Reuters) - Singer Beyonce said she sang along to a pre-recorded track at the inauguration of President Barack Obama, but delivered a stirring a cappella version of the U.S. national anthem at a Super Bowl news conference on Thursday.

She also said would be singing live at the half-time show of the National Football League championship game between the San Francisco 49ers and Baltimore Ravens at the Superdome on Sunday.

Beyonce's performance of the "Star-Spangled Banner" at the January 21 inauguration ceremony sparked a debate over whether she had lip-synched her performance in Washington.

"I am a perfectionist and one thing about me is that I practice until my feet bleed and I did not have time to rehearse with orchestra," the Grammy-winning artist said on Thursday.

"It was a live television show and a very, very important emotional show for me and one of my proudest moments, and due to the weather, to the delay, due to no proper sound check, I did not feel comfortable taking the risk.

"It was about the president and the inauguration and I wanted to make him and my country proud, so I decided to sing along with my pre-recorded track, which is very common in the music industry, and I am very proud of my performance," she said.

Beyonce, 31, one of pop music's biggest celebrities, surprised the media on Thursday by asking them to rise at the start of her news conference and launching into a solo version of the U.S. national anthem.

After the applause in the room died down, she asked the hundreds of media representatives, "Any questions?"

Asked if she planned to sing live during the Super Bowl game, annually one of the most-watched TV events in the United States, the singer said: "I will absolutely be singing live. This is what I was born to do, it is what I was born for."

The NFL also said that Jennifer Hudson would perform "America the Beautiful" with the chorus from Sandy Hook Elementary School in Newtown, Connecticut, where 20 children and six adults were killed in a mass shooting in December.

Alicia Keys will sing the national anthem before the game's kickoff, while other artists, including OneRepublic and Matchbox Twenty, will be part of the televised pregame show.

(Editing by Jill Serjeant and Peter Cooney)

Source: http://news.yahoo.com/beyonce-says-sang-along-pre-recorded-track-inauguration-213458946--nfl.html

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Prostate cancer study tracks long-term urinary, sexual and bowel function side effects

Jan. 30, 2013 ? A new study comparing outcomes among prostate cancer patients treated with surgery versus radiotherapy found differences in urinary, bowel and sexual function after short-term follow-up, but those differences were no longer significant 15 years after initial treatment.

The study, led by first author Matthew Resnick, M.D., instructor in Urologic Surgery, Vanderbilt University Medical Center, was published in the Jan. 31 issue of the New England Journal of Medicine.

From Oct. 1, 1994, through Oct. 31, 1995, investigators enrolled men who had been diagnosed with localized prostate cancer in the Prostate Cancer Outcomes Study (PCOS).

For the current study, investigators followed 1,655 men between the ages of 55 and 74 from the PCOS group, of whom 1,164 (70.3 percent) had undergone prostatectomy, while 491 (29.7 percent) had undergone radiotherapy. At the time of enrollment, the patients were asked to complete a survey about clinical and demographic issues and health-related quality of life. The men were contacted again at set times following treatment and were asked about clinical outcomes and disease-specific quality of life issues.

Men whose prostates had been surgically removed were significantly more likely than those who received radiation therapy to report urinary leakage at two years and five years. However, at 15 years, the investigators found no significant difference in the adjusted odds of urinary incontinence. Nonetheless, patients in the surgery group were more likely to wear incontinence pads throughout the 15-year follow-up period.

Men in the prostatectomy group were also significantly more likely than those in the radiotherapy group to report having problems with erectile dysfunction two years and five years after surgery.

"At the two- and five-year time points, men who underwent prostatectomy were more likely to suffer from urinary incontinence and erectile dysfunction than men who received radiation therapy," said Resnick. "While treatment-related differences were significant in the early years following treatment, those differences became far less pronounced over time."

Despite early and intermediate-term data revealing treatment-dependent differences in patterns of sexual dysfunction, after five years both groups had a gradual decline in sexual function. At 15 years, erectile dysfunction was nearly universal with 87 percent in the prostatectomy group and 93.9 percent in the radiotherapy group reporting sexual difficulties.

The authors noted that age may have played a role in the patients' waning sexual function, as shown in unrelated studies.

Some patients also experienced problems with bowel function in the years following treatment. Those who were treated with radiotherapy had more problems in the short term. Men in the radiotherapy group reported significantly higher rates of bowel urgency than those in the prostatectomy group at two years and five years.

However, at 15 years, despite absolute differences in the prevalence of bowel urgency between the two groups, the researchers found no significant difference in the odds of bowel urgency. Men who had been treated with radiotherapy were significantly more likely to report being bothered by bowel symptoms at both the two-year and 15-year points.

"This study of 15-year outcomes represents a mature portrait of quality of life issues following prostate cancer treatment," said David Penson, M.D., MPH, Ingram Professor of Cancer Research, professor of Urologic Surgery and Medicine, and director of the Vanderbilt Center for Surgical Quality and Outcomes Research, the senior study author.

"Regardless of the form of initial treatment, patients in this study had significant declines in sexual and urinary function over the duration of the study. The causes of these declines probably include advancing age and additional cancer therapies, in addition to the original therapy," Penson said.

"Patients need to be aware that all aggressive therapies for prostate cancer have significant side effects and perhaps these data make an argument for active surveillance (avoiding aggressive treatment and closely following the cancer) in certain cases."

Since the median life expectancy after treatment for prostate cancer is 13.8 years, the authors suggested that these data may be used by physicians to counsel men who are considering treatment for localized disease.

Other authors for this study include Tatsuki Koyama, Ph.D., Kang-Hsien Fan, M.S., R. Lawrence Van Horn, Ph.D., Vanderbilt; Peter Albertsen, M.D., University of Connecticut, Farmington; Michael Goodman, M.D., MPH, Emory University, Atlanta; Ann Hamilton, Ph.D., University of Southern California, Los Angeles; Richard Hoffman, M.D., MPH, University of New Mexico and New Mexico VA Healthcare System, Albuquerque; Arnold Potosky, Ph.D., Georgetown University Medical Center, Washington, D.C.; Janet Stanford, Ph.D., Fred Hutchinson Cancer Research Center, Seattle; and Antoinette Stroup, Ph.D., University of Utah, Salt Lake City.

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Story Source:

The above story is reprinted from materials provided by Vanderbilt University Medical Center. The original article was written by Dagny Stuart.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Matthew J. Resnick, Tatsuki Koyama, Kang-Hsien Fan, Peter C. Albertsen, Michael Goodman, Ann S. Hamilton, Richard M. Hoffman, Arnold L. Potosky, Janet L. Stanford, Antoinette M. Stroup, R. Lawrence Van Horn, David F. Penson. Long-Term Functional Outcomes after Treatment for Localized Prostate Cancer. New England Journal of Medicine, 2013; 368 (5): 436 DOI: 10.1056/NEJMoa1209978

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/M4uMHrikrZ0/130130184322.htm

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AstraZeneca's new CEO warns of tough year ahead

LONDON (Reuters) - AstraZeneca's new boss warned on Thursday the drugmaker faced a tough year in 2013, with sales expected to fall by a mid-to-high single digit percentage rate as patent expiries continue to erode business.

Earnings will decline "significantly more than revenue" this year as operating costs rise, Britain's second biggest drugmaker said.

Chief Executive Pascal Soriot hopes eventually to turn the group around by investing in existing growth areas like emerging markets, diabetes care and the new heart drug Brilinta. He is also weighing the case for acquisitions.

Soriot, who joined from Roche in October, will set out his strategy in detail during a keenly awaited investor day on March 21.

In a bid to clear the decks and give himself a free hand to set future direction, Soriot said he had withdrawn mid-term planning assumptions for revenue and profit margin set by previous management.

Sales in the fourth quarter of 2012 fell 16 percent to $7.28 billion, generating "core" earnings, which exclude certain items, down 3 percent at $1.56 a share. The slower decline in earnings reflected lower costs in the quarter and a favorable tax adjustment.

Industry analysts, on average, had forecast sales in the quarter of $7.20 billion and earnings of $1.35 a share, according to Thomson Reuters I/B/E/S.

Faced with loss of exclusivity on once best-selling medicines and a thin pipeline of new drugs, Soriot needs to consider some bold moves to get AstraZeneca back on its feet.

But he has to tread carefully on new investment if he is to avoid disappointing investors who own the stock as an income play, given its near 6 percent dividend yield.

His decision to suspend share buybacks on his first day in the job four months ago immediately prompted speculation that he might embark on sizeable acquisitions.

BIG HITS TO COME

AstraZeneca is not alone in facing big patent losses, but while rivals like GlaxoSmithKline and Sanofi are over the worst, AstraZeneca's biggest losses are still to come, with Nexium for stomach acid and cholesterol fighter Crestor losing U.S. protection in 2014 and 2016.

As a pure pharmaceuticals group, without the cushion of alternative revenue streams found at more diversified rivals, AstraZeneca is particularly exposed to patent losses on its key prescription drugs.

Short-term wins from the company's new drug pipeline look unlikely, with expectations for experimental rheumatoid arthritis drug fostamatinib dwindling after disappointing clinical trial results last month.

One established medicine that may surprise on the upside is diabetes drug Onglyza, which is marketed with Bristol-Myers Squibb and could potentially show a heart benefit in a clinical study that will report later this year.

AstraZeneca shares have gained ground in recent months but the stock remains the laggard of the global pharmaceutical sector, trading on around 8.6 times expected earnings, a 30 percent discount to large British rival GSK.

(Editing by Kate Kelland)

Source: http://news.yahoo.com/astrazenecas-ceo-warns-tough-ahead-072117703--finance.html

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