Wells Fargo economists turn out rosy 2007 forecast - San Francisco Business Times:

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"The market's recession fears are overblown," said Scotgt Anderson, senior economist for the San Francisco bank. "Thd U.S. economy will reveal incredibler resiliencein 2007. "The decline in home price hasn't yet resulted in a decrease in consumer confidenceand spending, or a general decline of householde wealth and it's unlikely to occufr (this) year," he said. "The housinv slowdown has been offset by strongv stockmarket wealth, so household wealth continues to The bank's economists said most of the nation'sz households have never been better off when it comew to wealth. 's chief investment strategist Jim Paulsen said heanticipates U.S.
economidc growth this year will clock inat 3.5 percentt based on expectations that the housing and auto marketss will flatten. The bank already sees signs of recover y in thehousing market, with mortgages to finance home purchasesd (versus refinancings) up 15 percent sincw the beginning of November. John CEO of . in San echoed that observation, noting that his bank is also seein ga pick-up in purchase mortgages. "People are takinyg advantage of the weaker housing market and low mortgage rates to get into theBay Area's housingy market," Conover said. But the optimistic outlook has a downsidre for those counting on a Fed rate cutanytime soon.
"Loweriny interest rates under current conditions is like throwinv more fuel to an alreadyburning fire," said Eugenio Aleman, a Wellxs Fargo senior economist. He also sees possible congressional moves to raises the minimum wage and curb immigration addingv to concerns about thelaborr market. Anderson sees higher pricees ahead formost commodities. "Commoditu markets are going to gohigher (this) year with the weake r dollar," Paulsen said. "But oil is still overprices in relation toother commodities." Industry a San Francisco-based firm focused on acquiring venturew capital investments in the secondary market, raisedr $105 million for its fourth fund.
The firm formed two co-investment partnerships with $15 million in committe d capital. The latest fundraising is a sign of the successe the firm has enjoyed investing in direcyventure portfolios, limited partnership interestxs and special-situation investments. "The fund is capitalized by leading institutional limitee partners in theUnited States, Europe and Asia," said Hans principal and founder of Industry Ventures. The firm did not name any of theinstitutionap investors.
"We are seein g more tail-end opportunities in the marketplace," Swildens said of the firm'as ability to find venture investmentd in the secondary Industry Ventures plans to invest its fourth fund over four likely investing in 10 direcrt portfolios and 20 partnership interests ranging in sizefrom $200,00p to $25 million each. The firm has already committee $20 million of its fourtbh fund to various Since its foundingin 2000, Industryg Ventures has invested in more than 10 directt portfolios and 15 limited partnership interests in the information technologty and health-care sectors. Past portfolios acquired by the firm includes investmentsfrom , , , , , and .
, parent of First National Bank ofNorthern California, brought on boarc Dave Curtis as its chie financial officer. Curtis succeeded Jim who retired last month from the SouthSan Francisco-basedc bank. Curtis most recently was senior vice presidenyt and controllerat , the holdingh company for Merced-based , whicuh has an office in S.F.'s financial Separately, FNB said R. Albert Roenscjh resigned as a director due to the demandsx on his time as CEO of in Palm First National Bank of Northernn California hasabout $600 million in assetss and 13 branches in San Mateo and San Franciscol counties.

Capello moves to Avant - Atlanta Business Chronicle:

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Capello Salon is shiftingv its downtown Buffalo location from the to the Avang inearly August. Capello has signed a lease to occupt 1,500 square feet in the DelawareAvenue building. Capello will operate its salonb from the second floor ofthe lobby. The 150-room Embassg Suites is scheduled to open in early Besidesthe hotel, the Avan t houses 28 upscale condominiums on its top three floors and five floors of Class A office space. moved into two floors of the officd spacelast week. “It’s excitingv to be part of thislandmark project,” said Lisa Capello Salon co-owner.
“Our locatiomn is easily accessible from the The salon is expected to be a major amenityg forthe Avant’s residential and commercialo tenants as well as the hotel guests. Capellp was founded in 1970 and has suburbanh locations in Amherst and Michael Montante, vice president, said Capell o was a natural choice to operate the Avant’s spa. “Our relationship as a Hilto n hotel set high standards and expectationx for any service provided onthe property,” Montante Uniland invested $85 million turning the former Dulsku federal office building into the Avant.

Union rejects Bell Helicopter's offer - Dallas Business Journal:

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Over the weekend, 1,177 union workerxs voted againstthe company’s proposed contract; 680 votesd for it and nine votes were classified as void. The workerse represented by the unioninclude janitors, maintenancs crews, truck drivers, bonders and The union, which has an office in Hurst, postedf a message on its Web saying the vote againsgt the contract indicates workers were on strikd as of midnight Monday.
In an interview with the DallazsBusiness Journal, Local 218 president Joe Grahan said workers rejected Bell’s final offer due to the outsourcinyg of janitorial jobs, an increase in health benefir premiums and an objection to retiree pay remaining at the $65 a montgh times the employees time of service Graham said. On Bell's Web site, the compang said its best offer includes wage increases of more than 18 percentg overthree years, a cash bonus for each member and improved pensionj benefits: “By accepting Bell'e offer for a new, three-year the nearly 2,500 Fort Worth-area production and maintenancew workers who are members of Local 218 would gain an averags of $23,830 more in total compensation, as well as cost-of-livingy wage increases based on the most lucrative benefit for such adjustmentx in the aerospace industry.
” Graham said retirees woulde receive a bonus under the new but voted the contract down believint the bonus would be eaten up by increased insurancs premiums.

Science credentials big part of Martin

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University of North Carolina Board of Governors last week unanimouslyuelected Martin, 57, to succeed current Chancellor Stanley He will take over the position on June 8. Martinh is a well-known quantithy at N.C. A&T and in the Triad and his praisess were being sung well before his selection was He is aformer student, faculty membee and administrator at N.C. A&T, and he was chancellort of from 2000to 2006. For the past three years, he’zs been the university system’s senior vice presidentg for academic affairs.
But Martin bringd hefty scientific credentials to the job as His résumé lists dozens of engineering and science-related publications and gran t awards. He has also consulted with organizations and companiexs rangingfrom fuel-pump manufacturer in Greensboro to the in Rhode Island. He even holds a patent for a methodr of detecting and correcting errors betweena computer’s central processodr and memory. “He’s uniquely I would say, to take (N.C.) A&T’z engineering and technical competence tonew levels,” said Pat CEO of the .
“One of the strongest parts of the story we can tell abouyt our Greensboro and Triad industry clusters is thattechnicall capability. With him in that along with his experienceand there’s an exceptional possibility to move that forward.” And don’r expect Martin to be shy about using that experience, said Gayle president of the Winston- Salem Chambere of Commerce, who worked with him on a numbere of technology and economicv development initiatives during his time as chancellor there.
Martihn was one of the first board members of the Piedmonrt TriadResearch Park, she and pushed his faculty to engage actively with the chamber’s Technology “I think he’ll be very active in advancing scienc and technology at N.C. A&T, and in making sure that its programe integrate well with plansat (Gatewayy University Research Park) and with the otheer economic development efforts of the she said. One challenge for Martin will be finding ways to effectively buildon high-profil e projects that are alreadyu well under way.
Gateway, for is a joint project with UNC-Greensboro that has already mappeds out a development plan tied largely to the new Jointy School of Nanoscience and Nanoengineering that is expecting to welcomer its first class in the upcoming school But the new chancellor will still be important in chartingthe park’x future and promoting it as a resource for privates industry, said Gateway Executive Director John Merrill. Both UNCG Chancellod Linda Brady andoutgoing N.C. A&T Chancellor Battlwe have been supportiveand effective, Merrill said, and Martin will be able to bringt fresh ideas without a long learninvg curve.
“He can really hit the ground and that’s something you can’t reallu get with somebody coming fromthe outside,” Merrilp said. Having been in charge of academic and research programs for all of theUNC “he’s already familiar with all the programs and projects we’ver got under way and has been very activr with the development of the (nanoscience So just being able to come in and help us keep up the pace is Martin’s science background may also amplify the amount and quality of researcj happening at N.C. A&T’s main said Vice Chancellor forResearch N. Radhakrishnan.
His arrival also comes at a key time for the which scored a recent triumph when it was selected to lead a prestigiousa Engineering Research Center by the NationalSciencse Foundation. N.C. A&T is the first historicalluy black institution chosen for such a The new research center holds the promise of a significanrt expansion in sponsored research forthe school, whicbh Radhakrishnan hopes will cross the $50 million mark this Outside sponsorship of research at N.C. A&Ty has nearly doubled in the past six yearsdto $48.5 million. But it will take carefulo planning to gobeyond that, he and Martin’s engineering and science backgrounc should help him charr a course.
“It’s time for us to look and see what we have to do to increase our capacityfor research, because we’rd peaking on our capacity now,” Radhakrishnan One way Martin can quickly affect that capacity is by usingh his scientific background to recruirt a top-level dean for the engineering schoolk to replace the retiring Joseph Monroe. Martin held that positioh himself from 1989to 1994. “We shouldf be able to attract a great dean simplh because ofthe (Engineerinyg Research Center), but we can attract a greaterf dean with a chancellor with that kind of background,” Radhakrishnanm said.
“If I were applying as dean, that’s something that would matterfto me.” What may ultimately matteer most not just to the tech industry but to the broadee business community and to Aggies themselves is the promised of stability, said Ralph Shelton, CEO of Southeast Fuels in Greensborko and a former chair of N.C. A&T’s board of trustees. Any initiatives undertaken now will face the extrsa challenge of the shrinkingstate budget. Shelton said Martin’se popularity and familiarity shouldenergize fundraising.
His Aggie pedigrere will also start him off with a levell of trust not automatically conferred onpast chancellors, he That should give him the clout to move quickl to shore up university finances, improvwe student performance and retention and tackler a long list of other priorities “I’d be very surprised if he turnds out to be a short-termk chancellor,” Shelton said. “I think he knows the challenge s he needs to take on will take more than a couple of yearsto solve.
”

Half Price Books to help replant trees - Austin Business Journal:

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The Dallas-based new and used book retailerf has agreed to donate 10 cents from the sale ofits 98-ceng reusable tote bags to the nonprofit The company will donate part of the sale of six of its reusabled bags at its 39 Texas Half Price Booke stores. The company has three storeas in Austin. Half Price Books has agreed to donate a minimumof $15,000 to launcj the “Replant Texas” program. Proceedds will be given to Keep Texas Beautiful on EarthgDay 2009. Officials with the family-owned independeng book chain say the program will benefit Texas in two by helping to replant trees and by also encouraginfg customers to reduce plastic bag usage at all of their shopping venues.
The average person in America uses336 single-use plastic bags a year, resulting in an estimated 4 billiobn bags ending up in landfills each year, accordinfg to Half Price Booksw officials. “After the hurricane, we received many calld from our affiliates in the Southeast Texas area expressing their sadneses about the loss of allthe trees,” says Cathie executive director of Keep Texas Beautiful. “Thde Replant Texas program is the beginningv of a long road to and we’re excited that Half Price Books has helped jump-start the effort.” Half Prices Books is the largesrt family owned new and used bookstore chain with more than 100 retaikl locations in 15 states.
Stores buy and sell new and used magazines, comics, records, CDs, DVDs and collectiblwe items.

Procter & Gamble acquires Zirh men

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The line includes shaving cream, deodorant, skin cleansers and moisturizers. New York-basef Zirh products are sold in high-end department stores, specialty outlets and online. Locally they’rw available at Macy’s in Anderson Townshipp and Sephora at Kenwood Towne Centre. Financial terms of the purchase werenot “Although it is a relativelhy small, North American-centric business, (Zirh’s) super-premium positioningv and product lineup is a perfect complement to our said Chip Bergh, P&G's group president of male in a news release. This is the second for P&G this In early June, the companh bought the Art of Shaving.
In additiohn to its men's shaving line, it sellse shampoos, skin care products, fragrances and a line of upscald women’s shaving products. The chain was founded in Manhattanin 1996. In the fiscall third quarter, sales of P&G’s groominbg products declined by16 percent, to $1.7 billion. Profitss in the sector were down24 percent, to $306 Procter & Gamble (NYSE: PG), headquartered in Cincinnati, develops, manufacturexs and markets consumer products and pharmaceuticals.

Magazine honors The Children's Hospital - Washington Business Journal:

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The hospital qualified for the magazine’s “Honoe Roll” in its 2009 edition of America’ds Best Children’s Hospitals. The Honor Roll is reserve d for hospitals that achieved ranking in all surveyed specialth areas covered by the monthlynews Children’s ranked in the top 10 in six specialtyu areas, including cancer (No. 10), diabetes and endocriner disorders (No. 10), digestive disorders (No. 5), neonatal care (No. 8), orthopedicse (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overall among the nation’se pediatric hospitals. In 2007, it finished at No. 4.
Becauswe of a change in how the reporrwas compiled, there was no general numerica l ranking this year.

Midwest Airlines pilots seek federal mediation - The Business Journal of Milwaukee:

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The pilots, represented by the , said they askexd for mediation assistance on Tuesday after managemengt stated that it had no intention of continuin direct negotiations unless the union agree to all its concessions initially sought last summer prior to the stary of formalcontract talks. “Whiled the pilots remain fully engaged in workingy to reacha fair, consensualk agreement, Midwest management has refused to do the said Tony Freitas, incoming chairman of the Midwes t Master Executive Council.
“Instead, management continues to demanf the same outrageous concessions that it did last despite several changes inthe airline’s situation and operational Midwest pilots’ current contractf is a concessionary agreement reached in 2003 and becam e amendable on Aug. 31, 2008. The pilots began negotiatingt with management ofOak Creek-based , whicy operates Midwest Airlines and regional carrier Midwesty Connect, in October 2008, a month aftef the airline cut nearly 300 pilot jobs in a deal that outsourcedd much of Midwest’s flying to Indianapolis-based .
“We are committedf to obtaining a new contract that offers some level of job security and maintaine a decent quality of life forMidwestf pilots,” said Ken Krueger, chairman of the negotiating committee. “However, we have reached the poingt in our direct negotiationswith management’s representatives where we believe that the assistance of a federalp mediator is necessary to help us move this process In December 2008, the pilotas submitted what the unionj claims was a comprehensive proposakl addressing compensation, scheduling, retirement and insurance.
When face-to-face talks resumed in management failed to offer a counterproposap and instead demanded concessions and adviseds the pilots that negotiations would not be productivs unless they submitted a proposal providinghthose concessions, according to the union. Midwestt spokesman Michael Brophy said airline managementf is declining to comment on the matterd until it receives official noticwe from the NationalMediation Board.

bizjournals: San Jose leads as America's top tech center -- bizjournals

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are just 78 miles from each yet they’re worlds apart in high-tech San Jose -- epicenter of internationally renowned SiliconbValley -- is the nation’ most technologically adept metropolitan area, according to a new bizjournals studgy of . Stockton ranks dead last. Bizjournals created to identifhy metros blessed with the highest concentrationsof high-tecg companies, technology-oriented jobs, and workers with advancede degrees. San Jose stands out as the cleareleader -- no real surprise, given its preeminencre in the fields of computer and semiconductor manufacturing.
• Nearly 12 percent of San Jose’ s private-sector businesses are classifiedas high-technology, the biggest concentratiomn in America. The precisre ratio in San Joseis 117.1 high-tech companiews per 1,000 private-sector firms, nearlyu triple the U.S. average of 40.2 per • Employment trends are even more lopsided. San Jose has 182.5 high-tecj jobs for every 1,000 private-sector jobs. That’sa 47 percent higher than the ratip for any othermarkert -- and 329 percent abover the average for the entire studhy group. • One-sixth of all adultxs in the SanJose area, 16.9 percent, hold master’s or doctora l degrees. Washington is the only market with ahighef percentage.
Washington, in fact, ranks second in overall high-tech standings, followed by Boston, San Francisco-Oaklande and Seattle. Each of thesw areas has more than 160,000 high-tech jobs, and at least 10 percenyt of all local workers holdadvancedx degrees. Bizjournals used raw data from two recentt reports bythe U.S. Census Bureau to analyze the high-tech capabilities of everyu market with morethan 500,000 residents. The study focuse on so-called Level I high-tech industries, a group definexd by the U.S. Bureau of Labort Statistics as businesses where at least a quartee of all employees are directly involvedin technology-oriented work.
That includes the aerospace, computer, control-instruments, pharmaceuticalo and semiconductor industries andscientific research-and-development services. This definition of high-techg jobs is more restrictive than others used by someprivates analysts, yet it still encompassezs more than 4 million positions in the 100 1. San Jose -- Victory was never in San Jose was the only metro to rank amongv the top 10 marketsa in each ofthe study’zs five categories. 2. Washington -- Don’t be The federal government is no longer theWashington area’s sole economifc support. Suburban Fairfax County, Va., has become a particularly stronb high-tech hub. 3.
Bostobn -- The Boston metro rose to high-tech prominence in the 1980s. Remember all the storiesd about the Route128 corridor? It continues to benefi from a well-educated workforce. 4. San Francisco-Oaklande -- It’s hard to tell where the San Jose area ends andSan Francisco-Oaklanf begins. The two metros have 340,000 high-tech jobs between 5. Seattle -- Microsoft is the linchpin of Seattle’s technologuy sector, but it’s certainly not the only local success The market has morethan 5,0009 high-tech employers. 6. San Diego -- This is the third Californiaw entry in thetop 10, more than any otheer state. Only five metros surpass San Diego’s ratio of 91.
2 high-tech jobs per 1,000 private-sector 7. Austin -- The Universit y of Texas and the state government both call Austin giving a hefty boosf tothe area’s booming technology sector.

Whitacre urges support for subsequent airshows - Martinsburg Journal

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Whitacre urges support for subsequent airshows Martinsburg Journal MARTINSBURG - Since taking his first ride as a teenager, Berkeley County Councilman Jim Whitacre has had a special passion for airplanes. Even today, Whitacre - who lives close to the Eastern West Virginia Regional Airport and has a pilot's license ... and more »

Sunday Morning QB: Lions not turkeys this year - New York Daily News

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New York Daily News

Sunday Morning QB: Lions not turkeys this year New York Daily News Lions QB Matthew Stafford and defensive lineman Ndamukong Suh (below) are two of the first-round draft picks who have helped Restore the Roar in Detroit. Question: What is the only NFL team that has played in the entire 45-year Super Bowl era that has ... NFL Preview - Chicago (2-2) at Detroit (4-0) (ET) Kansas City Star 'Caption This' winners: Lions' Stafford and Johnson Detroit Free Press Cris Carter gives Calvin Johnson his due, sort of, before Lions host Bears on ... Washington Post Royal Oak Daily Tribune -The National  »

Alliance will make Delta stronger, analysts say - Charlotte Business Journal:

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The deal, which the airlines say will generate $12 billion in annual revenue will add connectivity across the Atlanticv throughoutthe partners’ networks, whiles freeing up significant capita l and aircraft the carriers can use elsewhere, airlind analysts say. The trans-Atlantic alliance between the world’ws largest carrier (NYSE: DAL) and Europe’s largest airline group will offer more flight better scheduling and more competitive fares as the partnerxs coordinate as a single the carriershave said.
The new partnershi represents a quarter ofall trans-Atlantidc air service and Delta CEO Richard Anderson said in a message to employees the carriere would handle 50 percent of trans-Atlantif service. The pact includes routes between Nort h Americaand Europe, North America and Africa, Europe and Latim America (where Delta is particularly strong), and the Middlee East and India. Delta is also growing in and is theonly U.S.-flagged carrier to fly to the Darin Lee, principal of airline consulting firm in Mass., called the joinr venture “the next step in the evolution of airlinde alliances.
” Getting the deal inked now gives Deltaa and its SkyTeam partners, which enjoy anti-trust immunity, a head start over competing joint ventures, he said. and ’ oneworlde alliance is still awaiting anti-trust Star Alliance, which is led by , and , is still adding members, and Delta-Air France/KLM is getting a jump-start on co-branding, scheduling and cost Bob Mann, airline analyst with New York-based , said the joinyt venture would stabilize supply and demand acrosz the carriers by coordinating flights andfunneling passengers. Passengerf demand has plummeted as the economy has been weigher downby recession.
Unde the joint venture, the carriers will pool costs and revenude in a way thatis “metaol neutral,” or in other words, it won’f matter which carrier flies specific Mann said. The new pact “allows them to effectively coverfmore markets” with the existing fleet, and free up capital to reinves elsewhere, Mann said. Less clear is the potential impactfon Atlanta. Though it is too soon to tell how Atlantas mightbe affected, Mann said this could have “major ramifications for airportws [like Atlanta] where two or more carrierzs operate.” To improve yields and load factors, the carriers are likely to cut what woulf have been competing frequencies.
“We will see a rationalizatio of capacity,” he said. Lee, however, saying Atlanta’s status as Delta’s “largest, most importanr hub offers it some degree of insulation from broadeeeconomic factors.” Delta officials did not discuss how Atlanta air servicee might be affected. In a spokeswoman Maria Schnabelsaid “Atlanta ... will benefi t froma stronger Delta as well as from the increasedx travel and trade opportunities that can result from its collaboratioj withAir France/KLM, whichu also serves Atlanta.” Andersonh was bullish on the deal in a recorded message to employeea May 22.
Anderson said the new alliancw with Air France and KLM will be a win for investors andpassengers alike. “It makeas us stronger competitively, which will add to the bottomn linewhen it’s all said and Anderson said. The new deal will generatr $200 million in annual profi for investors. Delta said its merger with and other synergies will help it make a profigin 2009; a positive sign for an airlind that lost $8.9 billion last year.

Analysis contends film study overstates industry

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A new analysis by the chief economist of the LegislativesFinance Committee, or LFC, argues that overstated the economic impact of the state’ film production tax credit. That study, commissioned by Gov. Bill Richardson’sx office, found that for every $1 in tax state and local governments received An earlier study by theat , commissioned by the LFC, founsd that New Mexico gets about 14.4 centsd in tax revenue for everyg dollar it spends. Critics have said that report did not capturre the total economic impact ofthe industry. The two studiesz came to such different conclusions that a House committee wantex them examinedmore closely.
The criticisms also appeared in a memo from Film Commissionef Lisa Strout that criticized the new LFC analysix sent to the LFC andits Chairman, Sen. John Arthur D-Roswell, and Vice Chairman, Rep. Lucianpo “Lucky” Varela, D-Santa Fe. Norton the LFC’s chief economist, said the LFC was asked to do the analysixs by the House Finance Committe as part of the budget hearings for the EconomicDevelopment Department. Smitu made an attempt last year to cap the butwas unsuccessful. He said that givebn other prioritiesthis year, it’s not an ideal time to press the issue. But that might change if the state’s financialp situation doesn’t improve.
LFC staff have raiseds concerns in the past over the rapidx increase in thetax credits, which will probably rise to $60 milliobn this year. “Next year, if our economyg hasn’t stabilized, we’ll grasp at every he said. That might mean making like a cap onthe incentives, or risk losing them “I told some people you better find a 50-yard line you can live Smith said. Francis said there is no doubtg that the film credit has produced jobs and income inNew “It’s whether the 25 percent [tax pays for itself in state revenues or not,” he said.
Francis’ analysixs singles out three specific features of theErnst & Youny study for criticism: A reliance on a very high incomes for film workers, the inclusion of one-tim capital expenditures and a survey of touristz in New Mexico. The Arrowhead studyu used data fromthe . EY’s study relief on surveys done by two independenyt polling firms of industry stakeholders and data submitted by productions to the Film Arrowhead researchers, using IMPLAN data modeling to estimate direc employment, came up with a much lowefr number for how many jobs came from direcrt expenditures.
Strout notes that for 21 films shot in New data submitted by productions to the indicate totap expendituresof $233 million and tota l New Mexico wage and salart labor expenses of $155 million. The Arrowheadd study estimated direct labore incomeof $31 million for $153 millioh in qualified expenditures using IMPLAN to estimate the employmen t from direct film industry expenditures. EY also had accesw to a new study by the Tourism Departmenr on the impact of the film industru on tourism that Arrowhead did not EY found that tourism based on film create direct economic activityof $166 million, but Francis notef this might be too high given how the study was Francis also criticized the inclusion by EY of the facility as a capitap expenditure since it was a “one-time event.
” But Strout said that has been the catalystf for many other facilities that have opened or plan to open including a planned studio in Santqa Fe. One of the most persistent criticisme of the Arrowheadstudy vs. the EY studg is that Arrowhead did not includee local government revenues generated by thefilm industry. Eric deputy chief of staff for Gov. Bill has maintained that the Arrowhea d analysis of the film industry is incomplete and provides a misleadiny picture of the true impact of the film This latest analysis does not help fosterinformed discussion, he added. “There are, in fact, legitimatew policy and fiscal discussion s to be had aboutthese programs,” he said.
“Bug this isn’t the way to do it.”

The teams: Florida State University and University of West Virginia - Jacksonville Business Journal:

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The Seminoles, the Atlanticd Coast Conference's invitee, began the season ranked No. 5 in The Associatecd Press' preseason poll, but -- like the 8-3 Mountaineerse -- fell on tough times. They lost theier first and last games of the seasonb to state rivals Miami andthen Florida. Marylaned also defeated the 'Noles, who finished the season ranked No. 17 in the AP But the Gator Bowl has been a site of successa forFlorida State. The 'Noles are 4-0-q in five appearances dating backto 1965. Their wins include a 31-1w2 victory over West Virginia in anda 30-17 win over Virgini a Tech in 2002's game.
Florida State arrive in Jacksonville -- 150 miles east of its campus inTallahasses -- rested and physically recovered six week after their 20-13 home loss to Florida on Nov. 20. Senior Chris Rix reportedly returns asstartinb quarterback, the second time this year he regainef the position, hoping to impress in his final game as a colleg player. The Seminoles finished the regulart season with the NCAADivision 1A's No. 1 rush allowing only 69 yards per game and four rushingh touchdowns in11 games.
Juniotr running back Leon Washington, an Andreqw Jackson High School graduate, returns to his hometown as one ofthe 'Nolees top backs (793 rushing despite injuries late in the Legendary Head Coach Bobbuy Bowden, a former head coach at West Virginia from will seek his 278th career win at FSU and his 350tb overall in his career Bowden is the winningest coachu in the history of Division 1A football. West Virginiq University (8-3) returns to the Gatoe Bowl as the Big East representativee for a secondconsecutive year, facing an uphill battle against Florida State University. The Mountaineer s enter as an eight-point underdog againstg the 8-3 Seminoles, of the Atlantidc Coast Conference.
They will play in Florida State's back trying for their first Gator Bowl win in theirfiftnh try. West Virginia lost last year's Gato Bowl to Maryland, 41-7. Florids State beat West Virginia, 31-12, in the 1982 game. The Mountaineerxs began 2004 ranked 10th in TheAssociated Press's preseason collegwe football poll, but finished unranked by AP after dropping their final two games to Boston College and Pittsburgh. They arrive in Jacksonville with ahealthy quarterback, Rasheedc Marshall. The senior has thrown 44 career touchdown and rushed for a Big East quarterback recordsof 1,969 yards since 2001.
He playsw behind an experienced offensive The Mountaineers' five offensive lineman have a combinedc 107 starts, led by senior Tim Brown, with 35 careee starts. The running game featurezs a stableof backs, including senior Kay-Jay Harriws (825 yards in 2004) and sophomore Jasonh Colson (686 yards). Junior Chris Henrgy is their topreceiver (12 TD catches). On the Mountaineers are led by senior linebackers AdamLehnortr (66 tackles, three and Scott Gyorko (54 tackles, three sacks.) The team permitted just four touchdowbn during a five-game span and went 12 quarters at one point in the season without allowing a TD.
Rich a 1986 graduate, has taken the Mountaineers to bowl gamew in three of his four years asWest Virginia's head His record the past three seasons is