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Bulldogs bounce to many medals at world championships

Led by veteran jumpers Erica Zenn and Mary Hunter Benton, who each won 16 medals, the Chapel Hill-based Bouncing Bulldogs Jump Rope Team collected 449 medals – 228 gold – at the World Jump Rope Championships held July 2-4 in Washington, D.C.

The Bulldogs took gold in the Team Show Small Group Junior Division and won silver in the Senior Division, with ProForm Airborne of Idaho Falls, Idaho, winning the Senior gold. In the Jump Rope Showcase Championship, the gold went to the Bulldogs’ Junior 14-and-younger team of Rebeccah Musson, Isabel Osborne, Reagan Roeber, Mia Stopa and Adam Weston.

Canadian ambassador: Triangle took care of business

Count Gary Doer, Canadian ambassador to the United States, among those who were impressed with how the Triangle handled NHL All-Star weekend.

During an interview this morning at downtown Raleigh's Cardinal Club, Doer said he'd heard nothing but praise from visiting Canadian hockey fans and NHL Commissioner Gary Bettman, who he watched the All-Star game with.

"Three cheers to the community," Doer said.

Doer said he knew he was in good hands when he walked into the RBC Center and the band was playing Randy Bachman's "Taking Care of Business." Like Doer, Bachman is a native of the Canadian province of Manitoba.

(Doer was the province's premier before being named ambassador in 2009.)

Doer described Sunday as a "Chamber of Commerce Day," because of the weather and the hospitality.

"When you can golf in winter and watch hockey that's a Canadian's idea of a good time," he said.

Lulu postpones IPO plans

Raleigh-based online book publisher Lulu has postponed plans for an initial public offering because it ran into weak demand among investors.

CEO and founder Bob Young and the company's investment bankers had wanted to go public on the Toronto Stock Exchange this week, but weren't able to get the price they wanted.

The company on Wednesday reduced the proposed price of its IPO to about $7 per share, from $8 to $9.50 each. But that still wasn't enough to lure prospective investors worried about Lulu's financial future and the shaky stock market.

"It is a minor disappointment, but only a minor one because we've only delayed it," Young said in a phone interview today. "We pulled the IPO simply because the valuations that we were being offered was just not where we believed the value of the company is."

Lulu is one of this region's small but fast-growing technology companies that continue to hire and drive the Triangle's economy. An IPO would have given Lulu more money to pay for further expansion.

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