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Dixon Wants Out of Toronto

From the law offices of McAfee & Taft, a letter dated Feb. 14 was submitted to Seattle city attorney Thomas A. Carr, highlighting the three scenarios of the June 16 court case. In statement No. 5 of the letter, the Professional Basketball Club makes the offer: "The third scenario is a settlement. PBC is willing to offer a one-time payment to the City that will (a) satisfy the anticipated rental revenue sharing payments and admissions taxes of the final two years of the KeyArena lease and; (b) provide the City sufficient funds to pay the $26.5 million principal due on the KeyArena debut as it matures."The letter then states that Professional Basketball Club will offer the city of Seattle a payment of $7,265,286 to cover the final two years of rent at KeyArena and a payment of $19,305,766 to cover the current estimated bond due for the previous repairs to KeyArena.

Coaches discuss fairness of tournament site

New year, same debate.With the Mountain West Conference Basketball Championships looming, Monday's teleconference involving the league's coaches was dominated by the near-annual debate about the fairness of UNLV hosting the conference tournament.The exact answers varied, but -- especially with five new coaches on the scene -- all pointed towards further discussion in the offseason about finding a better plan."Unfortunately, until things change, the automatic (NCAA Tournament) qualifier is the conference tournament winner," New Mexico coach Steve Alford said. "And that's why I think it's very, very important for our league to really look closely at what we're doing with our league tournament, because having it at a host school, there's not any kind of balance or anything fair to that for the other eight teams in the league."Alford, in his first year at the helm for the Lobos, has been the most vocal about the situation and has made his comments public and very clear from Day One.He coached in the Big Ten at Iowa for the last eight seasons, where the conference tournament alternates between Chicago and Indianapolis, Ind.

Lakeland team gets help for high school Nordic State Championships

Marshfield Clinic Minocqua Center recently contributed $1,000 to the Lakeland Nordic ski team to assist them in hosting the high school Nordic State Championships. The event will be held in Minocqua at Winter Park on Feb. 8 - 10."This event comes to us once every 10 years and brings more than 400 skiers, coaches and their families from Milwaukee, Madison, central Wisconsin, Hayward and other parts of the state. This weekend will help showcase our area as a great destination for winter sports to the many visitors who will be attending," said Sandy Bolger, event co-chairperson. "We are so thankful for the support of the Marshfield Clinic and other area businesses that are helping us host this event."

So you got Drudged? Did you make any money?

A tornado or hurricane rips through your town. Or a crazed gunman opens fire at a nearby school or shopping center. Or an Interstate highway bridge collapses.Whatever, the news in your backyard can suddenly become the focus of public attention all over the nation and world – and the doorway to the big news could be your online newspaper. And for 24 to 48 hours your Web site will become one of the busiest news sites in the world. Your page traffic might increase 10-, 20- or even 100-fold.Sounds wonderful, right?Not necessarily. Some online newspapers, such as the Omaha World-Herald during a recent mall shooting, can’t handle the traffic and suffer embarrassment.But even if all goes well technically, what’s the business proposition for the newspaper that provides the news coverage to the world?"How to monetize windfall Internet traffic" was the subject of a session at the NAA’s annual Marketing conference in late February."Everything happens so fast," said Al Gibes of the Las Vegas Review-Journal, "that there’s no real way to sell more advertising.

SIB to launch new online banking service

Beginning early next year Sharjah Islamic Bank will provide a host of internet banking services. This fall the bank has begun extensive analysis and evaluation of E-banking products that they will begin offering in the spring. By partnering with NCR Corporation, a world leader in providing internet banking services, Sharjah Islamic Bank is able to offer one of the most thorough and secure internet banking solutions available. Delegates from the bank have been to Washington DC, USA to tour the NCR Corporation Datacenters and viewed first hand the first class solutions offered by NCR. This new services represents the latest in banking technology and international best business practices. Mohammed Abdulla, CEO of Sharjah Islamic Bank said, 'Sharjah Islamic Bank has completed the evaluation and preparatory stages for its eServices Banking Project-Internet Banking.' This new service affirms Sharjah Islamic Bank's commitment to adopt this evolving technology, and align itself with international best business practices, thereby fulfilling the bank's increased customer requirements in this demanding and challenging business environment.

Elma's Briggs Nursery purchase complete

The Spring Garden Group Inc. said it's completed its purchase of the Briggs Nursery Inc. business for an undisclosed price.

Cisco pumps $9.5M into SaaS Startup

Networking giant Cisco led a $9.5 funding round of two-year-old application hosting firm SoonR. The move announced on Tuesday is the latest in a series of investments Cisco has been making in small Web 2.0 software firms.

Facing a changing marketplace where business and personal productivity applications increasingly exist on the web, network hardware giant Cisco has spent about $4 billion in the last year acquiring software firms such as WebEx and Reactivity.

In the last year Cisco has acquired about a half-dozen software and service firms, and earmarked another billion dollars to dole out venture funds on small firms mostly in Silicon Valley, but occasionally in China, India and Russia.

The company has invested heavily in software and services startups such as China Communications Services and Russian e-commerce firm Ozon, and has taken an equity positions in Albaba.com.

India Real Estate: Price Correction Looms

A great site and a great project is not necessarily a good investment because the land value may be too high. A cheap deal may be as bad because chances are the deal is cheap for good reasons. So these formulas do not work. We take a bottom-up view. In general, we prefer things that are below the radar screen of the typical institutional investor.

Julie Bishop says attacks on Brendan Nelson 'unfair'

ATTACKS on Opposition Leader Brendan Nelson are "unfair and unnecessary" and he should be given a fair go, his deputy leader says.