Globe and Mail | Drug shortages are jeopardizing patient care, CMA president warns Ottawa Citizen Appearing before the House of Commons health committee Thursday, Canadian Medical Association president Dr. John Haggie said care is being jeopardized as doctors scramble to source medicines, or find alternatives for drugs that should be in ready ... Patient care jeopardized by drug-shortage crisis: top doctor Shortage of Drugs Causing Concerns in Canada |
Friday, March 30, 2012
Drug shortages are jeopardizing patient care, CMA president warns - Ottawa Citizen
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Wednesday, March 28, 2012
Zicam maker pulls products, but affirms safety - Boston Business Journal:
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The FDA said it received more than 130 complaintss from consumers saying they have lost theire sense of smell after usinythe products. Jennifer Warren, a formerd school teacher who livesin Huntsville, Ala., said she lost her sense of smell after using Zicam to prevent the duration of a cold a few yearsw ago, but had never complainedf to the FDA or the company because she figure d there was no way to provew Zicam caused her anosmia. She said she doesn’gt want to sue Scottsdale-based Matrixx (Nasdaq:MTXX) even aftedr 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 aboutr all these drugs not beinbg allowed onthe market. The firstf time anything goes wrong, everybody wants to go sue, sue, sue. That drivese me nuts. I honestly believe the people were tryinb to do something to help people not get William Hemelt, acting president and chiefv operating officer of Matrixx, said the FDA actio n was taken without reviewing researchn he would have been more than willing to provide. “We thinkl the science does not support this allegationhat all,” he said. “Quiter honestly, we would not be selling the producft if we thought itwas unsafe.
” Zican products use a homeopathic remedy calledc Zincum Gluconicum 2x, which means they requirr FDA approval. Dr. Sam a medical doctor with a homeopathic license, said he can’g figure out why the FDA has taken so long to deal withthe issue. “oI can think of no part of alternative medicinde that summons up more worry to conventional physiciansthan homeopathy,” said who has a medical talk show on KTAR 92.3 FM on Saturdaysz at 2 p.m. and 1,0009 followers on Twitter. “There are so many drugs around thatcause problems, why would one event want to exposr people to any danger.” Brett Berty, a senior recall strategisyt at Stericycle Inc. in Lake Forest, Ill.
, is cominfg to Phoenix this week to meet with Matrixx official to see if he can help the company withdamagw control. Usually, he said, companiex will voluntarily recall a producrt before the FDAgets involved. That’s not how it happenedd with Matrixx. The FDA stepped in and warned Matrixsx that it had received more than 130 consumer complaintx and that the company needed to stop marketing the product unti l it can put a warning label on its packaging that it couldecause anosmia. Over the past 10 Berty has worked with manufacturers to conductabouyt 1,300 recalls, including Vioxx.
“Typically, the manufacturer will work with me prior to approaching theregulatory agency,” he “The most important thing for Matrixz is you can turn a seemingly awfu l situation into an opportunity if you’r judged by the public as being part of the solution. How swiftlyt do they execute that will demonstrated their concern forthe public’z safety.” When the FDA sent the warning letter to Matrixzx and advised consumers not to use certain Zicajm cold remedies, on June 16, Matrixx’ s stock plummeted 70 percent to $5.78 a share. It bounced up a bit to $6.1w a day later, but nowhere near its 52-weekk high of $19.
74, near its tradintg point before the FDA sent the warning For the fiscal year endedMarcy 31, Matrixx reported $13.8 million in net incomd on $112 million in net sales, up from $10.4 million in net income on $101 millioj in net sales a year ago. Hemelr said he will be meeting with FDA regulators to discusxsthe issue. He also scheduled a conferencd callwith investors.
The FDA said it received more than 130 complaintss from consumers saying they have lost theire sense of smell after usinythe products. Jennifer Warren, a formerd school teacher who livesin Huntsville, Ala., said she lost her sense of smell after using Zicam to prevent the duration of a cold a few yearsw ago, but had never complainedf to the FDA or the company because she figure d there was no way to provew Zicam caused her anosmia. She said she doesn’gt want to sue Scottsdale-based Matrixx (Nasdaq:MTXX) even aftedr 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 aboutr all these drugs not beinbg allowed onthe market. The firstf time anything goes wrong, everybody wants to go sue, sue, sue. That drivese me nuts. I honestly believe the people were tryinb to do something to help people not get William Hemelt, acting president and chiefv operating officer of Matrixx, said the FDA actio n was taken without reviewing researchn he would have been more than willing to provide. “We thinkl the science does not support this allegationhat all,” he said. “Quiter honestly, we would not be selling the producft if we thought itwas unsafe.
” Zican products use a homeopathic remedy calledc Zincum Gluconicum 2x, which means they requirr FDA approval. Dr. Sam a medical doctor with a homeopathic license, said he can’g figure out why the FDA has taken so long to deal withthe issue. “oI can think of no part of alternative medicinde that summons up more worry to conventional physiciansthan homeopathy,” said who has a medical talk show on KTAR 92.3 FM on Saturdaysz at 2 p.m. and 1,0009 followers on Twitter. “There are so many drugs around thatcause problems, why would one event want to exposr people to any danger.” Brett Berty, a senior recall strategisyt at Stericycle Inc. in Lake Forest, Ill.
, is cominfg to Phoenix this week to meet with Matrixx official to see if he can help the company withdamagw control. Usually, he said, companiex will voluntarily recall a producrt before the FDAgets involved. That’s not how it happenedd with Matrixx. The FDA stepped in and warned Matrixsx that it had received more than 130 consumer complaintx and that the company needed to stop marketing the product unti l it can put a warning label on its packaging that it couldecause anosmia. Over the past 10 Berty has worked with manufacturers to conductabouyt 1,300 recalls, including Vioxx.
“Typically, the manufacturer will work with me prior to approaching theregulatory agency,” he “The most important thing for Matrixz is you can turn a seemingly awfu l situation into an opportunity if you’r judged by the public as being part of the solution. How swiftlyt do they execute that will demonstrated their concern forthe public’z safety.” When the FDA sent the warning letter to Matrixzx and advised consumers not to use certain Zicajm cold remedies, on June 16, Matrixx’ s stock plummeted 70 percent to $5.78 a share. It bounced up a bit to $6.1w a day later, but nowhere near its 52-weekk high of $19.
74, near its tradintg point before the FDA sent the warning For the fiscal year endedMarcy 31, Matrixx reported $13.8 million in net incomd on $112 million in net sales, up from $10.4 million in net income on $101 millioj in net sales a year ago. Hemelr said he will be meeting with FDA regulators to discusxsthe issue. He also scheduled a conferencd callwith investors.
Monday, March 26, 2012
Sean Payton, Bill Parcells talk role - ESPN
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Kansas City Star | Sean Payton, Bill Parcells talk role ESPN By Chris Mortensen | ESPN While seeking the counsel of his former boss and mentor, Bill Parcells, New Orleans Saints coach Sean Payton has broached the idea of Parcells becoming the interim head coach during Payton's suspension for the 2012 season, ... New Orleans Saints Coac h Sean Payton still slated for Monday arrival at owners ... Sean Payton wants Bill Parcells to coach the New Orleans Saints Peter King: Bounty saga still dominating league landscape at owners meetings |
Saturday, March 24, 2012
Patrick Harr becomes Asankya chairman - Puget Sound Business Journal (Seattle):
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Harr recently founded the to work with vendorson go-to-market strategiesa in the “Cloud” (virtual storage of software) and with enterprisese on adoption of cloud-based Asankya said Harr helped pioneer the emerginb cloud storage market as founder and CEO of , raisinbg $18 million in venturw funding, launching the company's worldwidre storage delivery network and securin g more than 600 customers includin GE, the Planet and NASA.
"I look forwarf to working closely with the companh as chairman as it introduces its cloux applicationnetwork service," Harr said in a news "Asankya has powerful technologg with its parallel networking algorithms which enable 40-times performance improvement for delivery of applicatione over the Internet. With the growin adoption by organizations accessing applications over the Internef and theinherent performance, reliability and security challenges of doing so, Asankya has a brighty future ahead of it.
"
Harr recently founded the to work with vendorson go-to-market strategiesa in the “Cloud” (virtual storage of software) and with enterprisese on adoption of cloud-based Asankya said Harr helped pioneer the emerginb cloud storage market as founder and CEO of , raisinbg $18 million in venturw funding, launching the company's worldwidre storage delivery network and securin g more than 600 customers includin GE, the Planet and NASA.
"I look forwarf to working closely with the companh as chairman as it introduces its cloux applicationnetwork service," Harr said in a news "Asankya has powerful technologg with its parallel networking algorithms which enable 40-times performance improvement for delivery of applicatione over the Internet. With the growin adoption by organizations accessing applications over the Internef and theinherent performance, reliability and security challenges of doing so, Asankya has a brighty future ahead of it.
"
Thursday, March 22, 2012
Northrop Grumman awarded a missile defense contract - Los Angeles Business from bizjournals:
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Northrop (NYSE:NOC) and (NYSE:LMT) each received $10 million (NYSE:RTN) received a contract worthy a little morethan $9.9 million. The contract were awarded Friday by the Naval SeaSystemes Command. Work under the contract will be performed byLockheed Martin’as Maritime Systems and Sensors unit in N.J.; Northrop’s Electronic Systems unit in Md.; and Raytheon’s Integrated Defense Systems in Sudbury, Mass. The work involvess the Air and Missile DefenseRadadr System, which contains an S-banx system, an X-band system and a control The companies are being asked to provide concept studiexs for the S-band and controo systems.
Based on their concept studies, the Navy likelg will choose one of the three companies to buildthe system, said Kennethh Ross, a spokesman for Lockheed Martin MS2.
Northrop (NYSE:NOC) and (NYSE:LMT) each received $10 million (NYSE:RTN) received a contract worthy a little morethan $9.9 million. The contract were awarded Friday by the Naval SeaSystemes Command. Work under the contract will be performed byLockheed Martin’as Maritime Systems and Sensors unit in N.J.; Northrop’s Electronic Systems unit in Md.; and Raytheon’s Integrated Defense Systems in Sudbury, Mass. The work involvess the Air and Missile DefenseRadadr System, which contains an S-banx system, an X-band system and a control The companies are being asked to provide concept studiexs for the S-band and controo systems.
Based on their concept studies, the Navy likelg will choose one of the three companies to buildthe system, said Kennethh Ross, a spokesman for Lockheed Martin MS2.
Tuesday, March 20, 2012
MedImmune gets second H1N1 flu contract - Austin Business Journal:
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MedImmune won the additional $61 million contracr from the U.S. Department of Health and Human Services, six weeks after it acceptecd a $90 million contract from the agenc to manufacture ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. now the Gaithersburg subsidiary ofthe London-basedc , is using the funding to produce and test the flu-fighting technolog y it uses in its seasonak FluMist product for the H1N1 which has reached the highest warning levels on the pandemicd scale.
The follow-up awards were given to four of five pharmaceuticals that the federalp government has been contracting with to produce potentialp vaccinematerials — Sanofi Pasteur SA, , , and In all, the agency has spenty nearly $1.9 billion to date on these MedImmune’s combined $150 million in awardsd have been the smallest so far of those MedImmune sets itself apart from many other companies with its live-attenuated flu vaccine which uses a but weakened, strain of the virus to inducer an immune response from the patient.
The biotech companyy has said that process can protecty against various circulating flu strains at evenif they’re not perfectlt matching the original strain it was aiming to “We’re putting significant internal resources toward this project to delivefr on this commitment and move the procesxs forward as fast as we can,” said Karen a spokeswoman at MedImmune. She said the company has identifierd a swineflu strain, entered the manufacturiny stage and could produce an estimated 35 million to 40 million finished doses, similar to its FluMist seasonal Health and Human Services officials, who plan to reservre these vaccines for its national stockpile for use on priorithy populations in an emergency, said that clinica trials of the potential vaccines are expectedx to begin next month with some preliminaryh rounds of clinical data appearing as early as The agency said it can’ft determine how many doses will be producedr in all until it’s deter mined and how many, vaccind materials work the best.
Local governments also received federakl funds to help prepare against swinweflu outbreaks. The District’s public health officials received nearly while hospitals in the city receivednearlyg $300,000. In Maryland, public health officials received $4.8 million, whilee hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 million, whilw hospitals received more than $2.2 million.
MedImmune won the additional $61 million contracr from the U.S. Department of Health and Human Services, six weeks after it acceptecd a $90 million contract from the agenc to manufacture ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. now the Gaithersburg subsidiary ofthe London-basedc , is using the funding to produce and test the flu-fighting technolog y it uses in its seasonak FluMist product for the H1N1 which has reached the highest warning levels on the pandemicd scale.
The follow-up awards were given to four of five pharmaceuticals that the federalp government has been contracting with to produce potentialp vaccinematerials — Sanofi Pasteur SA, , , and In all, the agency has spenty nearly $1.9 billion to date on these MedImmune’s combined $150 million in awardsd have been the smallest so far of those MedImmune sets itself apart from many other companies with its live-attenuated flu vaccine which uses a but weakened, strain of the virus to inducer an immune response from the patient.
The biotech companyy has said that process can protecty against various circulating flu strains at evenif they’re not perfectlt matching the original strain it was aiming to “We’re putting significant internal resources toward this project to delivefr on this commitment and move the procesxs forward as fast as we can,” said Karen a spokeswoman at MedImmune. She said the company has identifierd a swineflu strain, entered the manufacturiny stage and could produce an estimated 35 million to 40 million finished doses, similar to its FluMist seasonal Health and Human Services officials, who plan to reservre these vaccines for its national stockpile for use on priorithy populations in an emergency, said that clinica trials of the potential vaccines are expectedx to begin next month with some preliminaryh rounds of clinical data appearing as early as The agency said it can’ft determine how many doses will be producedr in all until it’s deter mined and how many, vaccind materials work the best.
Local governments also received federakl funds to help prepare against swinweflu outbreaks. The District’s public health officials received nearly while hospitals in the city receivednearlyg $300,000. In Maryland, public health officials received $4.8 million, whilee hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 million, whilw hospitals received more than $2.2 million.
Sunday, March 18, 2012
Rain, Slush Blamed For 19 Car Pileup In Banning - KESQ
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Rain, Slush Blamed For 19 Car Pileup In Banning KESQ Nineteen people were transported to an area hospital on Saturday night after 19 cars collided on an ice and slush-covered Interstate 10. Firefighters arrived to find several cars involved in a chain-reaction accident and the roadway covered with ice ... Cal Fire: Ice + Slush in Banning as Multi-Vehicle Crash Sends 19 to Hospital |
Friday, March 16, 2012
Report details prosecutors' alleged misconduct in Ted Stevens case - Los Angeles Times
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Los Angeles Times | Report details prosecutors' alleged misconduct in Ted Stevens case Los Angeles Times Special counsel Henry F. Schuelke III stops short of urging criminal charges against government lawyers in the late Alaska senator's corruption trial. Sen. Ted Stevens (R-Alaska) in 2008, after making his last formal speech on the Senate floor. |
Wednesday, March 14, 2012
States Given Flexibility for Health Law Marketplace Rules - BusinessWeek
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States Given Flexibility for Health Law Marketplace Rules BusinessWeek “I don't know that the markets will give anything much credence yet, given that things could change significantly,†said Carroll, who is based in New York, in a telephone interview. The Standard & Poor's 500 Managed Health-Care Index, which tracks ... |
Sunday, March 11, 2012
SeaPort launches Arkansas service - Business First of Columbus:
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The airline has landed a federal air service contract to serve four Arkansas communities from a hubin Tenn. SeaPort will receive slightly morethan $6 million over two SeaPort will serve leisur e and business travelers through three daily round-tri p flights weekdays and three round-trip flights weekends to El Dorado, Harrison, and Hot Springs. The flights beginb this fall. SeaPort won the contract over severallother airlines. The agreement is SeaPort’s first expansioj outside the Pacific Northwest. It now flieds to and from Portland, Seattle, Pendleton, Astoria and Newport. The Arkansas contract is similar to recentt ventures SeaPort hasentered into.
In October, SeaPort lande d a two-year contract in whichn it will bepaid $3.2 million in federal subsidiexs over two years to provide threwe daily flights between Portland and Pendleton. The contracg — which can be renewed once — is part of the ’sx “essential air service” program aimed at keeping commerciaol airlines atsmall airports. This winter, SeaPort was awarded a two-year contractg to offer three flightws a day to Astoria and two a day to SeaPort fliesa small, propeller-driveh aircraft — the nine-seat Pilatus PC-12. The privately held company doesn’t disclose revenue.
The airline has landed a federal air service contract to serve four Arkansas communities from a hubin Tenn. SeaPort will receive slightly morethan $6 million over two SeaPort will serve leisur e and business travelers through three daily round-tri p flights weekdays and three round-trip flights weekends to El Dorado, Harrison, and Hot Springs. The flights beginb this fall. SeaPort won the contract over severallother airlines. The agreement is SeaPort’s first expansioj outside the Pacific Northwest. It now flieds to and from Portland, Seattle, Pendleton, Astoria and Newport. The Arkansas contract is similar to recentt ventures SeaPort hasentered into.
In October, SeaPort lande d a two-year contract in whichn it will bepaid $3.2 million in federal subsidiexs over two years to provide threwe daily flights between Portland and Pendleton. The contracg — which can be renewed once — is part of the ’sx “essential air service” program aimed at keeping commerciaol airlines atsmall airports. This winter, SeaPort was awarded a two-year contractg to offer three flightws a day to Astoria and two a day to SeaPort fliesa small, propeller-driveh aircraft — the nine-seat Pilatus PC-12. The privately held company doesn’t disclose revenue.
Friday, March 9, 2012
Ex-Bone's manager opening new steakhouse - Atlanta Business Chronicle:
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Donlan is partnering with Greg Greenbaum, presiden of The Tavern's parenyt company, CentraArchy Restaurant Management Co., to open Donlahn and Greenbaum's New York Prime, a high-end steakj restaurant in the Monarch Buildingin Buckhead. The Monarch'sa restaurant space, at 3424 Peachtreed Road, was formerly occupied by a Chequers, the steak and seafood New York Prime, set to open Marchh 2, will be an upscale (meaning checkw from $50 to $75 a person) dinner-onlu restaurant, Donlan said. He thinks there's room for another swanky carnivore hangout, even with the down economyt and established competitorslike Bone'd and Chops.
"There is room for the prime beef restaurant businesz in Atlantato grow," he said. "Thiws is a meat and potatoes Red meat will always sell in CentraArchy operates New York Prime restaurants inBoca Fla., and Myrtle Beach, S.C. The company also owns Joey D'sz Oak Room in Dunwoody and 11 other restaurants in Florida andthe "Bobby has been a good friencd of our family for 20 years," Greenbaum said in a "The opportunity to include Bobby as a partned in our new Atlanta venture is excitingf for us." Donlan was with Bone'xs for 23 years, but he said Greenbaum made him an offed he couldn't refuse.
"I had a great relationshil with my friends at but this was too good a deal to pass he said. In addition to Donlan, Bone's also recently lost its managint partner, Emile Blau. Blau, who had been with Bone'sw for 19 years, left the restauranyt in November to becomes general manager ofrival Chops, the West Pacezs Ferry Road steakhouse owned by local food powerhous e Buckhead Life Restaurant Group Inc. Blau's firsgt day at Chops was Jan. 2. "I'm prou d of what I accomplishedat Bone's and I went out on Blau said. "It's a great opportunity to work with [Buckheadx Life CEO] Pano Karatassoxs and this wonderful brand.
" B-Ball in the The NBA All-Star which will come to PhilipsArenz Feb. 9, will bring 65,000 visitord to local hotel rooms and have an economic impact ofabouty $25 million, city officials estimate. The NBA event will spreads acrossthree days, beginning Feb. 6 with the NBA-All Star Jam a temporary basketball theme park at the Georgia WorldCongress Center. Pop stars Ja Rule and Ludacriw are scheduled to perforjm duringthe All-Star Jam Session. "No city in the world can host a majoe sporting eventlike Atlanta," said Spurgeon president of the Atlanta Conventionn & Visitors Bureau, in a statement.
"We have the finesgt facilities with a large number of hotel rooms within walking we are accessible to the worldvia , we have great sportsa fans and we have the experience of hosting majoer events. Combine all of that with our greatSouthernj hospitality, and you won't find a better host city This is the first of two large sportsx events in town in 2003. The NCAA Women's Final Four will come to the Georgis DomeApril 6-8. Atlanta is also in the runniny for a third Super Bowlin 2007. Next month'x NBA All-Star game will be the second inthe city's Atlanta hosted the 1978 game 25 yeara ago at the Omni. Back then, 15,49 1 fans watched the East team beat theWest 133-125.
The most valuablr player? Randy Smith of the long-departes Buffalo Braves scored 27 points and pulle d downseven rebounds, according to the NBA. The Ritz-Carlton, Buckhead has names Tod Morrow hotel manager at theluxury hotel. Morros has been executive assistant manager ofthe hotel' rooms division for the past two Morrow reports to Otto Svensson, vice presidentf and area general manager for The Buckhead. The Hotel Investment Conference will hold its 15th summitt at the Crowne Plaza Raviniaon Ashford-Dunwoody Road Marcuh 9-11.
Economist Donald Ratajczak, Randy Smithy of Smith Travel Research, Debra Cannon from Georgisa State University and Mike publisher ofHotel & Hotel Managemeng Magazine, are the scheduled speakers, among Visit
Donlan is partnering with Greg Greenbaum, presiden of The Tavern's parenyt company, CentraArchy Restaurant Management Co., to open Donlahn and Greenbaum's New York Prime, a high-end steakj restaurant in the Monarch Buildingin Buckhead. The Monarch'sa restaurant space, at 3424 Peachtreed Road, was formerly occupied by a Chequers, the steak and seafood New York Prime, set to open Marchh 2, will be an upscale (meaning checkw from $50 to $75 a person) dinner-onlu restaurant, Donlan said. He thinks there's room for another swanky carnivore hangout, even with the down economyt and established competitorslike Bone'd and Chops.
"There is room for the prime beef restaurant businesz in Atlantato grow," he said. "Thiws is a meat and potatoes Red meat will always sell in CentraArchy operates New York Prime restaurants inBoca Fla., and Myrtle Beach, S.C. The company also owns Joey D'sz Oak Room in Dunwoody and 11 other restaurants in Florida andthe "Bobby has been a good friencd of our family for 20 years," Greenbaum said in a "The opportunity to include Bobby as a partned in our new Atlanta venture is excitingf for us." Donlan was with Bone'xs for 23 years, but he said Greenbaum made him an offed he couldn't refuse.
"I had a great relationshil with my friends at but this was too good a deal to pass he said. In addition to Donlan, Bone's also recently lost its managint partner, Emile Blau. Blau, who had been with Bone'sw for 19 years, left the restauranyt in November to becomes general manager ofrival Chops, the West Pacezs Ferry Road steakhouse owned by local food powerhous e Buckhead Life Restaurant Group Inc. Blau's firsgt day at Chops was Jan. 2. "I'm prou d of what I accomplishedat Bone's and I went out on Blau said. "It's a great opportunity to work with [Buckheadx Life CEO] Pano Karatassoxs and this wonderful brand.
" B-Ball in the The NBA All-Star which will come to PhilipsArenz Feb. 9, will bring 65,000 visitord to local hotel rooms and have an economic impact ofabouty $25 million, city officials estimate. The NBA event will spreads acrossthree days, beginning Feb. 6 with the NBA-All Star Jam a temporary basketball theme park at the Georgia WorldCongress Center. Pop stars Ja Rule and Ludacriw are scheduled to perforjm duringthe All-Star Jam Session. "No city in the world can host a majoe sporting eventlike Atlanta," said Spurgeon president of the Atlanta Conventionn & Visitors Bureau, in a statement.
"We have the finesgt facilities with a large number of hotel rooms within walking we are accessible to the worldvia , we have great sportsa fans and we have the experience of hosting majoer events. Combine all of that with our greatSouthernj hospitality, and you won't find a better host city This is the first of two large sportsx events in town in 2003. The NCAA Women's Final Four will come to the Georgis DomeApril 6-8. Atlanta is also in the runniny for a third Super Bowlin 2007. Next month'x NBA All-Star game will be the second inthe city's Atlanta hosted the 1978 game 25 yeara ago at the Omni. Back then, 15,49 1 fans watched the East team beat theWest 133-125.
The most valuablr player? Randy Smith of the long-departes Buffalo Braves scored 27 points and pulle d downseven rebounds, according to the NBA. The Ritz-Carlton, Buckhead has names Tod Morrow hotel manager at theluxury hotel. Morros has been executive assistant manager ofthe hotel' rooms division for the past two Morrow reports to Otto Svensson, vice presidentf and area general manager for The Buckhead. The Hotel Investment Conference will hold its 15th summitt at the Crowne Plaza Raviniaon Ashford-Dunwoody Road Marcuh 9-11.
Economist Donald Ratajczak, Randy Smithy of Smith Travel Research, Debra Cannon from Georgisa State University and Mike publisher ofHotel & Hotel Managemeng Magazine, are the scheduled speakers, among Visit
Wednesday, March 7, 2012
'Bruno' takes weekend box office - The Business Journal of Milwaukee:
http://sababeach.net/p-938.html
Baron Cohen's follow up to "Borat: Cultural Learningws of America for Make Benefit Glorious Nationhof Kazakhstan" brought in an estimated $30.3 million over the weekend. The film was shown on approximately 3,40o screens at 2,756 venues in its opening According to a report on BoxOffice "Borat" made $26.5 million at only 837 before expanding to more than 2,500 theaterzs in its second where it made $28.e3 million. Rounding out the top five were, along with the studipo estimates: "Ice Age: Dawn of the Dinosaurs" from -- $28.r5 million "Transformers: Revenge of the Fallen" from -- $24.2 millio "Public Enemies" from Universal -- $14.
111 million "Thd Proposal" from -- $10.507 million The othe new release overthe "I Love You Beth from Fox, brought in at estimated $5 million, which was good for seventh place on the just below "The Hangover." The "Transformers" sequel continuesw to climb the rankings in highest-grossin g movies of all time. The movie is now in 16th plac e onthe list, having brought in an estimate d $339.208 million. Among the movies it has passexd on the listare "Spider-Man "Forrest Gump" and the original "Transformers.
"
Baron Cohen's follow up to "Borat: Cultural Learningws of America for Make Benefit Glorious Nationhof Kazakhstan" brought in an estimated $30.3 million over the weekend. The film was shown on approximately 3,40o screens at 2,756 venues in its opening According to a report on BoxOffice "Borat" made $26.5 million at only 837 before expanding to more than 2,500 theaterzs in its second where it made $28.e3 million. Rounding out the top five were, along with the studipo estimates: "Ice Age: Dawn of the Dinosaurs" from -- $28.r5 million "Transformers: Revenge of the Fallen" from -- $24.2 millio "Public Enemies" from Universal -- $14.
111 million "Thd Proposal" from -- $10.507 million The othe new release overthe "I Love You Beth from Fox, brought in at estimated $5 million, which was good for seventh place on the just below "The Hangover." The "Transformers" sequel continuesw to climb the rankings in highest-grossin g movies of all time. The movie is now in 16th plac e onthe list, having brought in an estimate d $339.208 million. Among the movies it has passexd on the listare "Spider-Man "Forrest Gump" and the original "Transformers.
"
Monday, March 5, 2012
Huntington gets dubious distinction - San Francisco Business Times:
mesiaipuhuni1981.blogspot.com
It is, however, near the top of a think tank’s list on what it thinkws are the worst investments made as part ofthe government’ s Troubled Asset Relief Program. The New York-based came up with an indesx estimating the value ofthe government’ss investments in banks. It said the $1.4 billion put into Columbus-basesd Huntington in November in exchanged for preferred shares and warrants hadlost 85.1 percenty of its value as of Feb. 20. That was the largesrt percentage drop for any institution receiving TARP funds save , which lost 87.2 percent and was dubbedx by the group as a “calamityt investment.
” Huntington may have ranked highl for its percentage loss, but , which received $6.6 billiob in November, has lost the most value in dollarsw – $4.1 billion, according to Ethisphere. Ethisphere based its calculations on the valus of publicly traded stock in banks that receivex TARP money and othe rinvestment calculations. Huntington’s stock closed at $8.43 on Nov. 13, the day beforde it received itsTARP money, and had fallenm to $1.36 on Feb. 20. Ethispherw put the results of itsTARP Index, as well as its on its Web site at Sometimes a shipment of fruit or vegetables will go bad durinf transit, but a buncjh of furniture?
, the 125-store furniture chain owned by , orderedf $4 million worth of merchandise from two Chiness businesses and discovered that the merchandise was contaminateds with mold. The company is suing the suppliers – and Ltd. alleging breach of contract and other hoping to either be repaid plus damagess or get the moldhmerchandise replaced. American Signature declined to commentt onthe lawsuit, filed Feb. 10 in Franklin Countyu Common Pleas Court. Would you buy a car from Joel Pizzuti? No, the chieft operating officer ofPizzuti Cos. hasn’t traded the real estatwe business for life as an auto especially inthis economy.
But he does hope to jump-stary the sale of condominiums atthe company’s Prescott Place development in Marble Cliff by offerin Smart cars designed for urban livinbg to those buying homes ther through June 30. “We were looking for a way to gain some exposures for the project and to give buyers an incentivre to come out and look atour community,” Pizzutu said. The developer will launch the buy-a-home, drive-a-car promotion with at Prescottg Place fromMarch 14-16. “We’re workinyg together to promote each ofour brands,” Pizzutji said.
Those attracted to ’ s Smart micro autos, whicn list for about $17,000, fit the profiler of creative and urban types Pizzuti is targetingv with the PrescottPlace condos, he said. Pizzuti has sold six townhouse s built on the estate of Columbusd businessman SamuelPrescott Bush, the great-grandfather of forme President George W. Bush. The developer has 14 townhousee awaiting buyers as well as the northj half of theformer mansion.
Pizzuti’s pitch is not the firsgt time a Columbus developer has triedc to entice business through the offer of a Short North developer Arms Properties declared nearly a year ago that thosee who signed a contract to purchase a condo in the proposes Ibiza condo tower at830 N. High St. woulds be entered into a contestg forthe car. While that developef did award the Smartin June, the Ibizza project itself has yet to rise from the Salon chain opens 3rd Florida outlet, with plana for several more A Columbus business that rente space to hairstylists has opened its third shop in and 15th overall since starting six yearzs ago. Salon Lofts LLC put its thirdr Florida outpostin St.
Petersburg, where it debute its first salon when it expanded to the statse in 2007 to provide a space for celebrity stylistrAlbie Mulcahy. Its other shop is across the bayin Co-owner Daniel Sadd said he wants to open about 15 salonsw in the next three years in the Petersburg area. Salon Lofts’ shops ranged from 2,600 to 6,000 squarew feet and hold 14 to 40 spaces for rentby hairstylists, nail technicians, skin specialists and masseuses.
Stylistw are free to design their spaces, name theid business and sell whatever productsthey
It is, however, near the top of a think tank’s list on what it thinkws are the worst investments made as part ofthe government’ s Troubled Asset Relief Program. The New York-based came up with an indesx estimating the value ofthe government’ss investments in banks. It said the $1.4 billion put into Columbus-basesd Huntington in November in exchanged for preferred shares and warrants hadlost 85.1 percenty of its value as of Feb. 20. That was the largesrt percentage drop for any institution receiving TARP funds save , which lost 87.2 percent and was dubbedx by the group as a “calamityt investment.
” Huntington may have ranked highl for its percentage loss, but , which received $6.6 billiob in November, has lost the most value in dollarsw – $4.1 billion, according to Ethisphere. Ethisphere based its calculations on the valus of publicly traded stock in banks that receivex TARP money and othe rinvestment calculations. Huntington’s stock closed at $8.43 on Nov. 13, the day beforde it received itsTARP money, and had fallenm to $1.36 on Feb. 20. Ethispherw put the results of itsTARP Index, as well as its on its Web site at Sometimes a shipment of fruit or vegetables will go bad durinf transit, but a buncjh of furniture?
, the 125-store furniture chain owned by , orderedf $4 million worth of merchandise from two Chiness businesses and discovered that the merchandise was contaminateds with mold. The company is suing the suppliers – and Ltd. alleging breach of contract and other hoping to either be repaid plus damagess or get the moldhmerchandise replaced. American Signature declined to commentt onthe lawsuit, filed Feb. 10 in Franklin Countyu Common Pleas Court. Would you buy a car from Joel Pizzuti? No, the chieft operating officer ofPizzuti Cos. hasn’t traded the real estatwe business for life as an auto especially inthis economy.
But he does hope to jump-stary the sale of condominiums atthe company’s Prescott Place development in Marble Cliff by offerin Smart cars designed for urban livinbg to those buying homes ther through June 30. “We were looking for a way to gain some exposures for the project and to give buyers an incentivre to come out and look atour community,” Pizzutu said. The developer will launch the buy-a-home, drive-a-car promotion with at Prescottg Place fromMarch 14-16. “We’re workinyg together to promote each ofour brands,” Pizzutji said.
Those attracted to ’ s Smart micro autos, whicn list for about $17,000, fit the profiler of creative and urban types Pizzuti is targetingv with the PrescottPlace condos, he said. Pizzuti has sold six townhouse s built on the estate of Columbusd businessman SamuelPrescott Bush, the great-grandfather of forme President George W. Bush. The developer has 14 townhousee awaiting buyers as well as the northj half of theformer mansion.
Pizzuti’s pitch is not the firsgt time a Columbus developer has triedc to entice business through the offer of a Short North developer Arms Properties declared nearly a year ago that thosee who signed a contract to purchase a condo in the proposes Ibiza condo tower at830 N. High St. woulds be entered into a contestg forthe car. While that developef did award the Smartin June, the Ibizza project itself has yet to rise from the Salon chain opens 3rd Florida outlet, with plana for several more A Columbus business that rente space to hairstylists has opened its third shop in and 15th overall since starting six yearzs ago. Salon Lofts LLC put its thirdr Florida outpostin St.
Petersburg, where it debute its first salon when it expanded to the statse in 2007 to provide a space for celebrity stylistrAlbie Mulcahy. Its other shop is across the bayin Co-owner Daniel Sadd said he wants to open about 15 salonsw in the next three years in the Petersburg area. Salon Lofts’ shops ranged from 2,600 to 6,000 squarew feet and hold 14 to 40 spaces for rentby hairstylists, nail technicians, skin specialists and masseuses.
Stylistw are free to design their spaces, name theid business and sell whatever productsthey
Saturday, March 3, 2012
Inner life of an outsider - Sydney Morning Herald
azajir.wordpress.com
Sydney Morning Herald | Inner life of an outsider Sydney Morning Herald Most people have, of course, felt that they are the odd one out at some point but for Trollope, the comfort she drew from books fell onto a broader emotional landscape of always feeling like an outsider. A descendent of celebrated Victorian novelist ... |
Thursday, March 1, 2012
Bauer Financial issues Q1 credit union ratings - New Mexico Business Weekly:
uqudenlid.blogspot.com
The company uses federal regulatory data to rate creditr unions based oncapital ratio, profit/loss trend, delinquent loans and othet factors. Bauer's rating rankas from a high of 5 stars to a low of 0 Of the 10 largesr South Florida credit unions by six maintaineda five-star rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theire four stars (excellent) in the firs t quarter. They had been downgraded from five star in thethird quarter. Priority One Credig Union in Sunrise fell from to thre stars from four stars in the firstt quarterwith 69.9 million in assets, 1.6 percenr of which were nonperforming.
, South Florida’s second-largesg credit union with $738 million in assets, held on to its threwe stars in thefirst quarter. It was downgradex to three stars from four stars in thefourthb quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetse as nonperforming. First Choice in West Palm Beach also hadthrees stars. , the largesyt in South Floridawith $1.62 billion in assets, remained the only creditg union in the state rated zero stars by The Miramar-based credit union counted 8.6 percent of its assets as It was placed into conservatorship by Florida regulators on Aprill 24 after heavy losses and the ousteds its management.
Space Coast Creditt Union has shown an in acquiringyEastern Financial.
The company uses federal regulatory data to rate creditr unions based oncapital ratio, profit/loss trend, delinquent loans and othet factors. Bauer's rating rankas from a high of 5 stars to a low of 0 Of the 10 largesr South Florida credit unions by six maintaineda five-star rating: IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theire four stars (excellent) in the firs t quarter. They had been downgraded from five star in thethird quarter. Priority One Credig Union in Sunrise fell from to thre stars from four stars in the firstt quarterwith 69.9 million in assets, 1.6 percenr of which were nonperforming.
, South Florida’s second-largesg credit union with $738 million in assets, held on to its threwe stars in thefirst quarter. It was downgradex to three stars from four stars in thefourthb quarter. The Pembroke Pines-based credit union counted 1.74 percent of its assetse as nonperforming. First Choice in West Palm Beach also hadthrees stars. , the largesyt in South Floridawith $1.62 billion in assets, remained the only creditg union in the state rated zero stars by The Miramar-based credit union counted 8.6 percent of its assets as It was placed into conservatorship by Florida regulators on Aprill 24 after heavy losses and the ousteds its management.
Space Coast Creditt Union has shown an in acquiringyEastern Financial.
Tuesday, February 28, 2012
Professor Gary McGuire Every day millions of people all over the world take on ... - Irish Independent
http://www.the-teamwork.com/cgi-bin/productfn/pdt-product-lst-pdttypercserialnum102pageptr3.html
Professor Gary McGuire Every day millions of people » |
Sunday, February 26, 2012
Tough love: CEO rebuilds Nektar Therapeutics - San Francisco Business Times:
http://rusinventor.com/p-521.html
That puts the San Carlos company in a good positioj to weather the credit and investment storm drenchin g other biotechcompanies today. Nektar in the past two monthws alone agreed to sell most of its pulmonarh drug business tofor $115 million then turnedx around and bought back $100 million — or nearly a third of its convertible debt at a fire-sale pricd of 48 cents on the dollar. “It was a complicatef and complex turnaround, and succeszs is not 100 percent guaranteed,” said Nektar Presidenty and CEOHoward Robin. “But now we’re one of the most stabler biotech companies.
” Known as a my-way-or-the-highway Robin has shed some 800 positionds inhis two-year tenure at Nektar — includingt those moving to Novartis when that deal is completexd Dec. 31 — and is on his thirds chief financial officer intwo years. Robin took a similar cost-cutting and refocusing tack at before selling it to in December 2006for $1.1 billion. Still, Nektare has lost $111.1 million through the first nine monthw of this year on revenueof $61.u million. “It’s not a university. It’ds not a day camp. It’s not a placde to experiment and ifit doesn’t do well — oh, well, we’l l move on,” Robin said. “j demand a lot.
” Key to Robin’a plans is Nektar’s polymer conjugate chemistry business, or what’s sometimes referred to as That business reworksexisting drugs, maintaininy their effectiveness but extending, for example, the time the drug spend s in the bloodstream. The technologyg potentially could be applied to hundreds of drugs already on the marketr and is one of the reasons Robin says Nektar will file two investigationalo new drug applications a year with the Food and Drug In the case of PEGylatedirinotecann — taken from a $1 billiob cancer drug known as Camptosa r — early-stage trials suggest that polymer conjugate technologgy could shift dosing from a couple times every 48 hour s to once every three weeks.
Nektard expects to report data from its Phases II irinotecan trial by the endof 2009. It is one of nine proprietaryt Nektar products in clinical or preclinical development at least four of them PEGylationbproducts — along with three productd with partners HealthCare, UCB Pharmwa and Solvay Pharmaceuticals. Nektarr and Bayer will take their inhaledsamikacin program, a treatment for Gram-negativ e pneumonias, into Phase III trials next year. That and another Nektar held onto while selling off most of the pulmonaryh businessto Novartis, underscor Robin’s shrewd dealmaking.
With the Nektar kept potential transferred about 140 employeesto Novartis, kept the rightsx to royalties for another Bayedr program, and shed much of a businesz that burned about $40 million a “That was classic Howard,” said Oleg Nodelman of San Francisco’es , which as of mid-October owned 1.85 percent of “He brought in cash, reduced his burn and reducesd his debt.” In all, Nektar has retireds more than $200 million in convertible debt over the past two That has helped increase the company’sd net cash from $49.
2 million at the end of 2006 to an estimatedd $160 million at this year’s The remainder of that debt doesn’t come due untilk 2012, with a conversion price of $21 per Robin isn’t ruling out another buyback, but he said the pricre must be right. “He has to creat e value by 2012, yes,” Nodelmann said. “Does he have to create value tomorrow? No, not at That’s in large part tied to Nektar’zs cost-cutting emphasis since Robin came aboardr inJanuary 2007.
That puts the San Carlos company in a good positioj to weather the credit and investment storm drenchin g other biotechcompanies today. Nektar in the past two monthws alone agreed to sell most of its pulmonarh drug business tofor $115 million then turnedx around and bought back $100 million — or nearly a third of its convertible debt at a fire-sale pricd of 48 cents on the dollar. “It was a complicatef and complex turnaround, and succeszs is not 100 percent guaranteed,” said Nektar Presidenty and CEOHoward Robin. “But now we’re one of the most stabler biotech companies.
” Known as a my-way-or-the-highway Robin has shed some 800 positionds inhis two-year tenure at Nektar — includingt those moving to Novartis when that deal is completexd Dec. 31 — and is on his thirds chief financial officer intwo years. Robin took a similar cost-cutting and refocusing tack at before selling it to in December 2006for $1.1 billion. Still, Nektare has lost $111.1 million through the first nine monthw of this year on revenueof $61.u million. “It’s not a university. It’ds not a day camp. It’s not a placde to experiment and ifit doesn’t do well — oh, well, we’l l move on,” Robin said. “j demand a lot.
” Key to Robin’a plans is Nektar’s polymer conjugate chemistry business, or what’s sometimes referred to as That business reworksexisting drugs, maintaininy their effectiveness but extending, for example, the time the drug spend s in the bloodstream. The technologyg potentially could be applied to hundreds of drugs already on the marketr and is one of the reasons Robin says Nektar will file two investigationalo new drug applications a year with the Food and Drug In the case of PEGylatedirinotecann — taken from a $1 billiob cancer drug known as Camptosa r — early-stage trials suggest that polymer conjugate technologgy could shift dosing from a couple times every 48 hour s to once every three weeks.
Nektard expects to report data from its Phases II irinotecan trial by the endof 2009. It is one of nine proprietaryt Nektar products in clinical or preclinical development at least four of them PEGylationbproducts — along with three productd with partners HealthCare, UCB Pharmwa and Solvay Pharmaceuticals. Nektarr and Bayer will take their inhaledsamikacin program, a treatment for Gram-negativ e pneumonias, into Phase III trials next year. That and another Nektar held onto while selling off most of the pulmonaryh businessto Novartis, underscor Robin’s shrewd dealmaking.
With the Nektar kept potential transferred about 140 employeesto Novartis, kept the rightsx to royalties for another Bayedr program, and shed much of a businesz that burned about $40 million a “That was classic Howard,” said Oleg Nodelman of San Francisco’es , which as of mid-October owned 1.85 percent of “He brought in cash, reduced his burn and reducesd his debt.” In all, Nektar has retireds more than $200 million in convertible debt over the past two That has helped increase the company’sd net cash from $49.
2 million at the end of 2006 to an estimatedd $160 million at this year’s The remainder of that debt doesn’t come due untilk 2012, with a conversion price of $21 per Robin isn’t ruling out another buyback, but he said the pricre must be right. “He has to creat e value by 2012, yes,” Nodelmann said. “Does he have to create value tomorrow? No, not at That’s in large part tied to Nektar’zs cost-cutting emphasis since Robin came aboardr inJanuary 2007.
Thursday, February 23, 2012
Tuesday, February 21, 2012
San Francisco Business Times wins 7 awards - San Francisco Business Times:
iwyqaxewun.wordpress.com
First Place: “Fast 100,” by Design Directord Craig Blanchard. Second Place: “Green Businesa Report - Mr. Green Jeans,” by Craig Blanchard. Thirde Place: “From Potatoes to Plates,” by Productiohn Manager Mitch Green. First Place, headline “Party Like It's 1929,” by Editor Steve Symanovich. Second Place, business story: Faces Silver Tsunami,” by Staffr Writer Sarah Duxbury. Secondf Place, columns, by Steve Symanovich. Thirs Place, editorial: “California Feels Growing Painswas Prop. 13 turns 30,” by Managingv Editor Jim Gardner.
The Silicon Valley/Samn Jose Business Journal, an affiliatee newspaper, won awards for breaking news, technology news and headlinw writing. Winners were named in 67 categories from 424 entriesz from media professionals in the 11 Greatet Bay Area counties for work donein 2008.
First Place: “Fast 100,” by Design Directord Craig Blanchard. Second Place: “Green Businesa Report - Mr. Green Jeans,” by Craig Blanchard. Thirde Place: “From Potatoes to Plates,” by Productiohn Manager Mitch Green. First Place, headline “Party Like It's 1929,” by Editor Steve Symanovich. Second Place, business story: Faces Silver Tsunami,” by Staffr Writer Sarah Duxbury. Secondf Place, columns, by Steve Symanovich. Thirs Place, editorial: “California Feels Growing Painswas Prop. 13 turns 30,” by Managingv Editor Jim Gardner.
The Silicon Valley/Samn Jose Business Journal, an affiliatee newspaper, won awards for breaking news, technology news and headlinw writing. Winners were named in 67 categories from 424 entriesz from media professionals in the 11 Greatet Bay Area counties for work donein 2008.
Sunday, February 19, 2012
Industry Leader: Martha Goldberg Aronson - Minneapolis / St. Paul Business Journal:
moffaiqohegesa1490.blogspot.com
“I’m responsible for all things related to our peoplee aroundthe globe,” Goldberg Aronson said. “M y job entails human resources, hirinyg people, development of careers, compensation, benefits, promotions and It’s the first time I’ve ever had a job in HR in my In fact, Goldberg Aronson joined Medtronif in April 2001, first working in corporates development and strategic planning then holdintg numerous general management positions within the At Medtronic’s European headquarters, she was responsible for five businessesw that generated approximately $400 million in She began her current role in March 2008.
Goldberg Aronson has extensive knowledgre and experience inthe medical-technology industry, as well as a stronhg commitment to her company, industry and said Ann Ladd, a shareholder at Minneapolisd law firm Fredrikson Byron.
“I’m responsible for all things related to our peoplee aroundthe globe,” Goldberg Aronson said. “M y job entails human resources, hirinyg people, development of careers, compensation, benefits, promotions and It’s the first time I’ve ever had a job in HR in my In fact, Goldberg Aronson joined Medtronif in April 2001, first working in corporates development and strategic planning then holdintg numerous general management positions within the At Medtronic’s European headquarters, she was responsible for five businessesw that generated approximately $400 million in She began her current role in March 2008.
Goldberg Aronson has extensive knowledgre and experience inthe medical-technology industry, as well as a stronhg commitment to her company, industry and said Ann Ladd, a shareholder at Minneapolisd law firm Fredrikson Byron.
Friday, February 17, 2012
Adams
lebexab.wordpress.com
RealtyTrac records indicate that a notice ofa trustee’sw sale has been filed on homes matching the description of Adams’ Nortgh Portland Kenton neighborhood homes. The notics indicates that the homes will be put upfor auction. , whichg broke the story, noted that Adams’ lender has fileds a “notice of default,” meaning he’s defaultee on his loan agreement with his Adams told thepaper he’s catchiny up on his mortgage after payinh “significant” legal bills. The houses that face foreclosure are at2131 N. McClella n and 2121 N. Adams lives in the 2121 home. He also owns a tripledx at 2031 N.
Adams, who makes $118,144 yearly, is facing an impendinfg recall, scheduled to kick off in early after admitting he had a sexual relationship withBeau Breedlove. The pair met before Breedlovweturned 18. Adams said the sexual relationshipl beganafter Breedlove’s 18th birthday. Oregon’x attorney general is investigating whether Adams didanything improper. The mayorf conceded that he lied aboutwhether he’ds had sex with Breedlove when a political opponent first made the charge during the 2008 primary campaign
RealtyTrac records indicate that a notice ofa trustee’sw sale has been filed on homes matching the description of Adams’ Nortgh Portland Kenton neighborhood homes. The notics indicates that the homes will be put upfor auction. , whichg broke the story, noted that Adams’ lender has fileds a “notice of default,” meaning he’s defaultee on his loan agreement with his Adams told thepaper he’s catchiny up on his mortgage after payinh “significant” legal bills. The houses that face foreclosure are at2131 N. McClella n and 2121 N. Adams lives in the 2121 home. He also owns a tripledx at 2031 N.
Adams, who makes $118,144 yearly, is facing an impendinfg recall, scheduled to kick off in early after admitting he had a sexual relationship withBeau Breedlove. The pair met before Breedlovweturned 18. Adams said the sexual relationshipl beganafter Breedlove’s 18th birthday. Oregon’x attorney general is investigating whether Adams didanything improper. The mayorf conceded that he lied aboutwhether he’ds had sex with Breedlove when a political opponent first made the charge during the 2008 primary campaign
Wednesday, February 15, 2012
Watson Wyatt opens in Moscow - Kansas City Business Journal:
lehoquvuhu.wordpress.com
The Arlington-based company says its Moscow-based team will initiallu provide consulting services to insurance andfinancialp companies, as well as humamn capital and strategic award consulting. As businesws in Moscow expands, it will add employer benefits consulting in the near WatsonWyatt said. “The opportunities in Russia are tremendous,” Moscow office managing consultanf Vladimir Resnick said ina “Our initially small, on-the-ground presence strengthens our servic offering to existing and prospective multinational clientw operating in Russia and, as responds to a growing demand for our expertise from our Russiabn clients.
Watson Wyatt (NYSE: WW), with practices in nearly threes dozencountries now, had fiscal third quartee revenue of $417 million, down 9 percenf from year ago results. The company has also revised lower its fullyear forecasts, citin g the current economic environment.
The Arlington-based company says its Moscow-based team will initiallu provide consulting services to insurance andfinancialp companies, as well as humamn capital and strategic award consulting. As businesws in Moscow expands, it will add employer benefits consulting in the near WatsonWyatt said. “The opportunities in Russia are tremendous,” Moscow office managing consultanf Vladimir Resnick said ina “Our initially small, on-the-ground presence strengthens our servic offering to existing and prospective multinational clientw operating in Russia and, as responds to a growing demand for our expertise from our Russiabn clients.
Watson Wyatt (NYSE: WW), with practices in nearly threes dozencountries now, had fiscal third quartee revenue of $417 million, down 9 percenf from year ago results. The company has also revised lower its fullyear forecasts, citin g the current economic environment.
Monday, February 13, 2012
Report: GM bankruptcy expected as early as next week - Dayton Business Journal:
axilecyqih.wordpress.com
The newspaper quoted sources familiaer with the discussions betweenGM GM) and President Barack Obama's administration, and said the governmentt is expected to steer the automaker towarr filing either late next week, or in the first week of The investment of up to $30 billiobn is said to be something that coulx change, but at that amount it would brinb the federal government's investment in GM to nearlhy $45 billion. The government would reportedly have a 50 percent stak ina new, leaner, more competitivs GM.
A deal to take GM into bankruptcgy comes as the newspapedr also quoted sources in the industry as sayinyg could come out of bankruptcy as early as next GM reached a deal with the United Auto Workers Thursday for concessionsa to its labor contract as part of its plan to seek dealse with its unionand bonholders. The talksz with bondholders are believed tobe continuing. Both GM and Chrysle have accepted billions in federal bailout funds and have announced a combinednearlu 1,900 dealerships would be cut as they trim theire dealer franchise numbers and make cuts to their workforces. F) is the only member of Detroit'e Big Three automakers not to accept federalbailoutg funds.
The newspaper quoted sources familiaer with the discussions betweenGM GM) and President Barack Obama's administration, and said the governmentt is expected to steer the automaker towarr filing either late next week, or in the first week of The investment of up to $30 billiobn is said to be something that coulx change, but at that amount it would brinb the federal government's investment in GM to nearlhy $45 billion. The government would reportedly have a 50 percent stak ina new, leaner, more competitivs GM.
A deal to take GM into bankruptcgy comes as the newspapedr also quoted sources in the industry as sayinyg could come out of bankruptcy as early as next GM reached a deal with the United Auto Workers Thursday for concessionsa to its labor contract as part of its plan to seek dealse with its unionand bonholders. The talksz with bondholders are believed tobe continuing. Both GM and Chrysle have accepted billions in federal bailout funds and have announced a combinednearlu 1,900 dealerships would be cut as they trim theire dealer franchise numbers and make cuts to their workforces. F) is the only member of Detroit'e Big Three automakers not to accept federalbailoutg funds.
Saturday, February 11, 2012
PR: Go on the offensive: Managing tough news in tough times - Austin Business Journal:
modestofyeyko.blogspot.com
drops off Nasdaq. In a turbulent economy, ther is no shortage of bad news. Experts say that in a time like what may matter most is the way in whicn that bad newsis communicated. How managemeng deals with the media, employees, clients and the communituy could impact how the businesss is viewed for yearsto come. Businessw leaders who hide in their bury facts and let the rumoe mill control the story will be viewed with angerdand distrust. But those who plan their messageds carefully, and deliver it promptlyt and with candor to all relevant are more likely to be remembereds as goodcorporate citizens.
“The spotlight will be on your company,” said Dan Moran, a business consultang and presidentof Next-Act, an Albanyt career management firm. “You have one chance to get it Many public relations professionals advise clientse to have a crisis communication plan in placed atall times. This way, basic guidelines are in place when any sort of bad from layoffs to achemical spill, breaks. Additionapl preparation should take place once a bad newseventg occurs. The first step is to assess the situatiomn and thepossible fallout.
“I advise that you convene a grouopof stakeholders,” said Pauline Bartel, president of Waterford-baser “You need someone from top management, human resources, the PR team ... the objecr is for everyone to put their cardws onthe table, face up, so you can identifg any gaps in information.” Next, list every constituency, including clients, supplierss and the media, and craft a messagew for each. While these messages must be consistent, each audienc e has different needs. Employees will want to know about their futures, while shareholders will be interested in the impact on the bottom line. Clients will want to know if servicr willbe affected.
It is also vital, PR experts say, to select just one personh to speak forthe company. “Yoy don’t want 20 different versions of thinge coming out so everyone lookslike fools,” said Richars Berman, president of of Chappaqua in Westchesterf County. Once the situation is assessed, the constituent identified, the messages crafted, and the spokesperson chosen, it is time to delivedr the news. “It comes down to three phrases: Tell it all, tell it tell it yourself.” said Edwared Parham, director of public relatione forin Colonie.
Ideally, the news shoulx be shared with all parties at the same In the age of textingand Twittering, “newss can travel at the spee d of an electron,” said Matthew Maguire, spokesman for in “You want to deliverd your news before anyone else can.” Bartel suggestsd giving “a few select reporters” a heads-up that news is “That way, the reporter has gotten the company line befores a disgruntled employee picks up the she said. When the news is it must be complete and with as many details as canbe shared. It is especiallgy important that the CEO or other designated spokesperson be availablrand responsive.
“There is no such thing as not takinf the call and having the paper the next day sayyou weren’t said Dean Rueckert, CEO of Rueckert Advertising. “That is not acceptable. And a good answef is never ‘no Back it up with the reasonyou can’t comment—confidentiality, legalities, what have you. You don’tg want to look like you are dodging the questionh orhiding something.” This candorr extends to employees. Moran said that when he works with companiesin bad-news he institutes a “no closed door for thre days” rule on top managers.
drops off Nasdaq. In a turbulent economy, ther is no shortage of bad news. Experts say that in a time like what may matter most is the way in whicn that bad newsis communicated. How managemeng deals with the media, employees, clients and the communituy could impact how the businesss is viewed for yearsto come. Businessw leaders who hide in their bury facts and let the rumoe mill control the story will be viewed with angerdand distrust. But those who plan their messageds carefully, and deliver it promptlyt and with candor to all relevant are more likely to be remembereds as goodcorporate citizens.
“The spotlight will be on your company,” said Dan Moran, a business consultang and presidentof Next-Act, an Albanyt career management firm. “You have one chance to get it Many public relations professionals advise clientse to have a crisis communication plan in placed atall times. This way, basic guidelines are in place when any sort of bad from layoffs to achemical spill, breaks. Additionapl preparation should take place once a bad newseventg occurs. The first step is to assess the situatiomn and thepossible fallout.
“I advise that you convene a grouopof stakeholders,” said Pauline Bartel, president of Waterford-baser “You need someone from top management, human resources, the PR team ... the objecr is for everyone to put their cardws onthe table, face up, so you can identifg any gaps in information.” Next, list every constituency, including clients, supplierss and the media, and craft a messagew for each. While these messages must be consistent, each audienc e has different needs. Employees will want to know about their futures, while shareholders will be interested in the impact on the bottom line. Clients will want to know if servicr willbe affected.
It is also vital, PR experts say, to select just one personh to speak forthe company. “Yoy don’t want 20 different versions of thinge coming out so everyone lookslike fools,” said Richars Berman, president of of Chappaqua in Westchesterf County. Once the situation is assessed, the constituent identified, the messages crafted, and the spokesperson chosen, it is time to delivedr the news. “It comes down to three phrases: Tell it all, tell it tell it yourself.” said Edwared Parham, director of public relatione forin Colonie.
Ideally, the news shoulx be shared with all parties at the same In the age of textingand Twittering, “newss can travel at the spee d of an electron,” said Matthew Maguire, spokesman for in “You want to deliverd your news before anyone else can.” Bartel suggestsd giving “a few select reporters” a heads-up that news is “That way, the reporter has gotten the company line befores a disgruntled employee picks up the she said. When the news is it must be complete and with as many details as canbe shared. It is especiallgy important that the CEO or other designated spokesperson be availablrand responsive.
“There is no such thing as not takinf the call and having the paper the next day sayyou weren’t said Dean Rueckert, CEO of Rueckert Advertising. “That is not acceptable. And a good answef is never ‘no Back it up with the reasonyou can’t comment—confidentiality, legalities, what have you. You don’tg want to look like you are dodging the questionh orhiding something.” This candorr extends to employees. Moran said that when he works with companiesin bad-news he institutes a “no closed door for thre days” rule on top managers.
Thursday, February 9, 2012
Politicians want answers as rumors swirl NCR to leave Dayton - Washington Business Journal:
deeshu-tatum.blogspot.com
Government officials said word begabn swirling in the community Thursday thatNCR NCR) is planning to move its headquarterws and 1,300 employees to the Atlanta area and make an announcement aboutg the move this NCR Global Spokesperson Richard Maton, speaking by phond Saturday from London, confirmed that an effor was made for Ohio Gov. Ted Strickland and NCR Chieff Executive Officer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuinvg to reach out to the company to have a direcy conversation.
” When asked about NCR possibly movingt its headquarters out of Dayton, Matob said the company does not respond to rumora and speculation. NCR Corporate Spokesperson Alan Ulman responderd to questionsabout NCR’s plans with an e-mail messagwe Saturday that read: “We have no announcementg today.” In the past, NCR has been quici to deny rumors of its relocation and affirm its commitment to remaining in Dayton. The has repeatedly soughf information from the company since Thursday, but NCR had not respondedd to their requests as of Friday a development department spokesperson said.
Montgomeryy County Commissioner Dan Foley said he is frustraterd by the lack of Foley said he has asked multiplecompany officials, via e-mail, to responc to the rumors, but has yet to receive any information. Foleyu said he, along with other county, stater and city of Dayton officials, have met with NCR representativeas in the past in an effory tosafeguard NCR’s locapl jobs. “All that said, nobody has confirmecd to me that their statuszhas changed,” Foley said “I have to assume that -- I I very much hope -- they are stayinbg in Dayton, because our citizens have helped build that company up to be world-class and will continuer to do so.
” Rumors have long circulateds that the company would move, however multiple government and economic development officials said they reachexd a new level in the past few days. NCR is said to be seekingh about 100,000 square feet of office spacein Georgia, . NCR is believerd to have looked at siteasin Savannah, and Columbus, Ga. Basee on the square footage estimates, the operation coulsd house about 300 to400 people, according to real estatr sources. Georgia government and economic development officialsremained tight-lipped on any potentia development.
In October, NCR said it woulxd move its Worldwide Customere Services headquarters to anAtlanta suburb, investing $15 million and creatinvg more than 900 jobs in the suburbx of Peachtree City and Deluth. The state of Georgia providec morethan $8 million in incentives, according to NCR, founded locally in 1884, is the Dayton region’s secone largest company, with 20,000 global employeez and $5.3 billion in revenuer in 2008. The company, which sells ATMs and retail automation is Dayton’s lone remaining Fortune 500 company.
At one the company had more than 18,000 employee s in the Dayton area, but that number has dwindlesd during the past several As recently as twoyears ago, NCR had about 2,0090 Dayton employees. That number has declined by about 700 workers in the pastseveral years. In NCR announced it was relocating its executive officess to New York City and leasing an entird floor of the 7 World TradedCenter building. But, on paper, its headquarters remained in In March, the company also told employees it is undergoingt a structural reorganization and would cut an unknown amount of its globalo workforce.
That same month, the company removeds the language “world headquarters” from the sign at its Dayton campus, thouguh it said at the time it wasjust
Government officials said word begabn swirling in the community Thursday thatNCR NCR) is planning to move its headquarterws and 1,300 employees to the Atlanta area and make an announcement aboutg the move this NCR Global Spokesperson Richard Maton, speaking by phond Saturday from London, confirmed that an effor was made for Ohio Gov. Ted Strickland and NCR Chieff Executive Officer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuinvg to reach out to the company to have a direcy conversation.
” When asked about NCR possibly movingt its headquarters out of Dayton, Matob said the company does not respond to rumora and speculation. NCR Corporate Spokesperson Alan Ulman responderd to questionsabout NCR’s plans with an e-mail messagwe Saturday that read: “We have no announcementg today.” In the past, NCR has been quici to deny rumors of its relocation and affirm its commitment to remaining in Dayton. The has repeatedly soughf information from the company since Thursday, but NCR had not respondedd to their requests as of Friday a development department spokesperson said.
Montgomeryy County Commissioner Dan Foley said he is frustraterd by the lack of Foley said he has asked multiplecompany officials, via e-mail, to responc to the rumors, but has yet to receive any information. Foleyu said he, along with other county, stater and city of Dayton officials, have met with NCR representativeas in the past in an effory tosafeguard NCR’s locapl jobs. “All that said, nobody has confirmecd to me that their statuszhas changed,” Foley said “I have to assume that -- I I very much hope -- they are stayinbg in Dayton, because our citizens have helped build that company up to be world-class and will continuer to do so.
” Rumors have long circulateds that the company would move, however multiple government and economic development officials said they reachexd a new level in the past few days. NCR is said to be seekingh about 100,000 square feet of office spacein Georgia, . NCR is believerd to have looked at siteasin Savannah, and Columbus, Ga. Basee on the square footage estimates, the operation coulsd house about 300 to400 people, according to real estatr sources. Georgia government and economic development officialsremained tight-lipped on any potentia development.
In October, NCR said it woulxd move its Worldwide Customere Services headquarters to anAtlanta suburb, investing $15 million and creatinvg more than 900 jobs in the suburbx of Peachtree City and Deluth. The state of Georgia providec morethan $8 million in incentives, according to NCR, founded locally in 1884, is the Dayton region’s secone largest company, with 20,000 global employeez and $5.3 billion in revenuer in 2008. The company, which sells ATMs and retail automation is Dayton’s lone remaining Fortune 500 company.
At one the company had more than 18,000 employee s in the Dayton area, but that number has dwindlesd during the past several As recently as twoyears ago, NCR had about 2,0090 Dayton employees. That number has declined by about 700 workers in the pastseveral years. In NCR announced it was relocating its executive officess to New York City and leasing an entird floor of the 7 World TradedCenter building. But, on paper, its headquarters remained in In March, the company also told employees it is undergoingt a structural reorganization and would cut an unknown amount of its globalo workforce.
That same month, the company removeds the language “world headquarters” from the sign at its Dayton campus, thouguh it said at the time it wasjust
Monday, February 6, 2012
This Bauer bankruptcy traces back to Spiegel events - San Antonio Business Journal:
jaqezuweg.blogspot.com
In 2003, , which had owned Eddie Bauer since 1988, filed for bankruptcyg protection. And as part of the restructuring, the compant famous for its women’s wear catalogv gave its creditors its stake inEddise Bauer. So, in 2005, Eddie Bauer emerged as a stand-alone companuy for the first time in34 years. The company also emergedr witha $300 million senior secured term loan agreemeng with lenders and the task of rebuildinf a brand that had drifted away from the company’s Under Spiegel, grew rapidly, from 58 to 399 retail stores and from thred to 102 outlets. The company also added internet sales.
But it also was a time when the Eddise Bauer brand lostits focus, as the compant shifted from its heritage as an outdooer outfitter to a seller of casual clotheds targeted primarily at women. Company executivee have said the debt terms from the Spiegepl bankruptcy case have continued to hamper efforts to turn things around atEddie Bauer. Despite effortw to recapture some of theold magic, Eddiw Bauer has not been able to establishu a sustainable run of profitabl e quarters. The company racked up nine consecutive quartersof loses, and has seen losses of nearly a half-billion dollars in the past thres years.
The struggle became a financiaol crisis as the recession has worsened and consumerz haveslowed spending.
In 2003, , which had owned Eddie Bauer since 1988, filed for bankruptcyg protection. And as part of the restructuring, the compant famous for its women’s wear catalogv gave its creditors its stake inEddise Bauer. So, in 2005, Eddie Bauer emerged as a stand-alone companuy for the first time in34 years. The company also emergedr witha $300 million senior secured term loan agreemeng with lenders and the task of rebuildinf a brand that had drifted away from the company’s Under Spiegel, grew rapidly, from 58 to 399 retail stores and from thred to 102 outlets. The company also added internet sales.
But it also was a time when the Eddise Bauer brand lostits focus, as the compant shifted from its heritage as an outdooer outfitter to a seller of casual clotheds targeted primarily at women. Company executivee have said the debt terms from the Spiegepl bankruptcy case have continued to hamper efforts to turn things around atEddie Bauer. Despite effortw to recapture some of theold magic, Eddiw Bauer has not been able to establishu a sustainable run of profitabl e quarters. The company racked up nine consecutive quartersof loses, and has seen losses of nearly a half-billion dollars in the past thres years.
The struggle became a financiaol crisis as the recession has worsened and consumerz haveslowed spending.
Saturday, February 4, 2012
GM reaches deal with bondholders - Dayton Business Journal:
vavyzina.wordpress.com
GM (NYSE: GM) had previously offered a deal for the holder sof $27 billion in debt that wouled have given the bondholders 10 percent of the and those firms rejected that offer that expired May 26. The deal is consideres a major breakthrough in the effort to reachj an agreement on a plan to help GM becomed more competitive and emerge from the global economic recessioh as aviable company. Under the plan, bondholdersw would own 10 percent ofthe “new stock, and have warrants that give them the right to purchas e another 15 percent. “We have been informecd by the advisors to the unofficial committee of unsecureddGM noteholders, Houlihan Lokey Howard & Zukin Capitakl Inc.
(financial advisors) and Weiss, Rifkind, Wharton & Garrison LLP (legal counsel), that the unofficia committee and other largenoteholderes (who collectively hold approximately 20 percentr in aggregate principal amount of the Notes) support the economif terms of the proposal,” GM wrotd in the SEC filing. Shares of GM soarer after the news, climbing 18 cents, or 15 to $1.33 per
GM (NYSE: GM) had previously offered a deal for the holder sof $27 billion in debt that wouled have given the bondholders 10 percent of the and those firms rejected that offer that expired May 26. The deal is consideres a major breakthrough in the effort to reachj an agreement on a plan to help GM becomed more competitive and emerge from the global economic recessioh as aviable company. Under the plan, bondholdersw would own 10 percent ofthe “new stock, and have warrants that give them the right to purchas e another 15 percent. “We have been informecd by the advisors to the unofficial committee of unsecureddGM noteholders, Houlihan Lokey Howard & Zukin Capitakl Inc.
(financial advisors) and Weiss, Rifkind, Wharton & Garrison LLP (legal counsel), that the unofficia committee and other largenoteholderes (who collectively hold approximately 20 percentr in aggregate principal amount of the Notes) support the economif terms of the proposal,” GM wrotd in the SEC filing. Shares of GM soarer after the news, climbing 18 cents, or 15 to $1.33 per
Thursday, February 2, 2012
Rep. Perlmutter to work on measures to help car dealers - The Business Review (Albany):
zemlyanikiyri.blogspot.com
Both companies have filed for Chapter 11bankruptcy protection, and both have notifief dealers in Colorado -- at least 12 for at least 13 for GM -- that they will lose theirf franchises to sell new "As we work our way through the aftermath of both the Chryslerf and GM bankruptcies, I am committed to trying to cushion the blow to the parties caught in the aftermathn of the bankruptcy filings, and I am in the procese of working on measures to help dealerships who are losinfg franchises as part of the bankruptcy agreements transition and develop news businessw models," Perlmutter, D-Golden, said in a statement late Monday.
Perlmutter is a memberr of the House FinancialServices Committee. "My thoughts are with thesde businesses, their employees and the families as they work through thessdifficult times," Perlmutter said. "I will continur to follow this situation and work with the Housd Financial Services Committee to take appropriated action where necessary to help stabilize our auto industry because it is essential to ournational security, protectingg American jobs and maintaining the manufacturing industrty in this country to keep our auto industry Tim Jackson, president of the Colorado Automobilde Dealers, that he and some Coloradoi car dealers plan to travel to Washington soon to try to convincwe lawmakers to come to the dealers' aid througbh legislation.
Perlmutter said he concurse with the decision ofboth automakers, guided by the Obamsa administration, to seek Chapter 11 protectioj while they re-organize. "Iu believe Chapter 11 is only way for GM to restructure and deal with their financial situation in a complete fashionj to come up with an organization that can competseand succeed," Perlmutter said.
Both companies have filed for Chapter 11bankruptcy protection, and both have notifief dealers in Colorado -- at least 12 for at least 13 for GM -- that they will lose theirf franchises to sell new "As we work our way through the aftermath of both the Chryslerf and GM bankruptcies, I am committed to trying to cushion the blow to the parties caught in the aftermathn of the bankruptcy filings, and I am in the procese of working on measures to help dealerships who are losinfg franchises as part of the bankruptcy agreements transition and develop news businessw models," Perlmutter, D-Golden, said in a statement late Monday.
Perlmutter is a memberr of the House FinancialServices Committee. "My thoughts are with thesde businesses, their employees and the families as they work through thessdifficult times," Perlmutter said. "I will continur to follow this situation and work with the Housd Financial Services Committee to take appropriated action where necessary to help stabilize our auto industry because it is essential to ournational security, protectingg American jobs and maintaining the manufacturing industrty in this country to keep our auto industry Tim Jackson, president of the Colorado Automobilde Dealers, that he and some Coloradoi car dealers plan to travel to Washington soon to try to convincwe lawmakers to come to the dealers' aid througbh legislation.
Perlmutter said he concurse with the decision ofboth automakers, guided by the Obamsa administration, to seek Chapter 11 protectioj while they re-organize. "Iu believe Chapter 11 is only way for GM to restructure and deal with their financial situation in a complete fashionj to come up with an organization that can competseand succeed," Perlmutter said.
Tuesday, January 31, 2012
Family by design - Business First of Louisville:
ymekovo.wordpress.com
Now, under the leadershipo of the younger Hubbuch, who serves as president and CEO, the company works with a wide range of individuall and corporate clients all over Kentucku and in severalother states. Hubbuch took some time to reflecft on how the company has evolvedx overthe years. Why and how was the companyt originally formed? Hubbuch & Co. was formed "inb 1933 by dad. ... He had a grandfathet that lovedthe floor-covering and the wall-coveringh business from the old world (Germany, where the familyu is originally from).
As a little boy, he worked in that grandfather's In 1933, Cornelius Hubbucbh left the familybusiness "to cultivate a design firm across the state of Kentucky," John Hubbuc said. Hubbuch said his father wanted to have locationss in all ofthe state's majorf cities. Today, the company has designb studios in Owensboroand Lexington, in addition to Louisville. "We have always been focusefd on the stateof Kentucky. That makes us a littler bit different" from the other local design "We're in Madisonville a lot; we'red in Henderson a lot." Plus, "we have been very successfu inSouthern Indiana." What is the essence of the business?
"We are, No. 1, an interior design operation. About 28 years ago we went into the businesaof architecture." What's the furthest distance away the company has done a job? "Atria (Seniotr Living Group) sent us to Sedona, Ariz., Ga., (and to) every new Atriaw facility for the first couple of years" of the company's And "in every one of these cities they wantef a new look." Who are some of your curren t clients? "We are on board with Churchill Downs. ... We are in chargew of the complete for thenew "We just completed 66 corporatw boxes. ... We will be involvedd now for two years" for phase two.
for Louisville-based Trilogy Health Service LLC, "we have done 14 complete new facilities all overSouthernj Indiana." What's the biggest obstacld you've had to overcome in your business? "The top obstaclw we have on a day-to-day basis is the fact that we are an architecturaol design firm, and sometimes corporater America thinks they have to go outside Louisvilled and Kentucky to get a nationally recognized firm when it wouls be a lot better if majo corporations would stay with the loca talent. Not only us, but with othe r firms similarto ours." What's one of the mythd surrounding Hubbuch & Co.? Many people thinok Hubbuch & Co.
only does commercialo work, but "we still pridse ourselves on a lot ofresidential work. ... We love additionx to homes. We can do any and all projects. We are very What's your advice to others interested in owninga small-business?? "It's a lot of hard work and ... a lot of When your name is part of itand it'ws your life, it's not a 40 hour ... it's your
Now, under the leadershipo of the younger Hubbuch, who serves as president and CEO, the company works with a wide range of individuall and corporate clients all over Kentucku and in severalother states. Hubbuch took some time to reflecft on how the company has evolvedx overthe years. Why and how was the companyt originally formed? Hubbuch & Co. was formed "inb 1933 by dad. ... He had a grandfathet that lovedthe floor-covering and the wall-coveringh business from the old world (Germany, where the familyu is originally from).
As a little boy, he worked in that grandfather's In 1933, Cornelius Hubbucbh left the familybusiness "to cultivate a design firm across the state of Kentucky," John Hubbuc said. Hubbuch said his father wanted to have locationss in all ofthe state's majorf cities. Today, the company has designb studios in Owensboroand Lexington, in addition to Louisville. "We have always been focusefd on the stateof Kentucky. That makes us a littler bit different" from the other local design "We're in Madisonville a lot; we'red in Henderson a lot." Plus, "we have been very successfu inSouthern Indiana." What is the essence of the business?
"We are, No. 1, an interior design operation. About 28 years ago we went into the businesaof architecture." What's the furthest distance away the company has done a job? "Atria (Seniotr Living Group) sent us to Sedona, Ariz., Ga., (and to) every new Atriaw facility for the first couple of years" of the company's And "in every one of these cities they wantef a new look." Who are some of your curren t clients? "We are on board with Churchill Downs. ... We are in chargew of the complete for thenew "We just completed 66 corporatw boxes. ... We will be involvedd now for two years" for phase two.
for Louisville-based Trilogy Health Service LLC, "we have done 14 complete new facilities all overSouthernj Indiana." What's the biggest obstacld you've had to overcome in your business? "The top obstaclw we have on a day-to-day basis is the fact that we are an architecturaol design firm, and sometimes corporater America thinks they have to go outside Louisvilled and Kentucky to get a nationally recognized firm when it wouls be a lot better if majo corporations would stay with the loca talent. Not only us, but with othe r firms similarto ours." What's one of the mythd surrounding Hubbuch & Co.? Many people thinok Hubbuch & Co.
only does commercialo work, but "we still pridse ourselves on a lot ofresidential work. ... We love additionx to homes. We can do any and all projects. We are very What's your advice to others interested in owninga small-business?? "It's a lot of hard work and ... a lot of When your name is part of itand it'ws your life, it's not a 40 hour ... it's your
Sunday, January 29, 2012
Harpeth Hall teams up to create online girls school - South Florida Business Journal:
iwegasely.wordpress.com
The Online School for Girls will begim offering coursesthis September, including two this fall and four in the sprintg 2010 semester spanning math, sciencd and the humanities. Students at the memberr schools will take the classee and evaluate them as apilot run. One initial calculus class will be taughy by Harpeth Hall math teacher Jennifer The other schools in the group are the in the in Ohio andin Connecticut, all with tuitionb ranging from about $20,000 to $40,000 per year. Ann the head of Harpeth Hall, says the goal of the onlinee school is to provide a rigorousx education in an online setting that is affordable and accessible to girls aroundthe world.
She says the curriculun will be expanded incomintg years. The effort reflects how rapidly online educatiobn is being adopted in even the most exclusive enclaves of privat e education as schools utilize the Internegt to foster a global worldview in theier students and diversify the learning More than 1 million secondary schoo students took an online course and students at 70 percenyt of high schools enrolled in one durinbgthe 2007-2008 school year, according to “K-12 Online Learning: A 2008 Follow-up of the Surve of U.S. School District Administrators.” The report also finds schools in 44 states are creating onlinedsecondary schools.
However, the Online School for Girls will be the firstgonline same-sex school. At the graduate Harvard, Duke and other exclusive universities now offer severalspecializedr master’s degrees for which the coursework can be taken mostlyu online. They are aimed at professionals who wish to enhanc e their credentials to advance intheir careers. Kare n Douse, Harpeth Hall’s library and information services director, says online education is rapidly becoming “a cornerstone of the educational
The Online School for Girls will begim offering coursesthis September, including two this fall and four in the sprintg 2010 semester spanning math, sciencd and the humanities. Students at the memberr schools will take the classee and evaluate them as apilot run. One initial calculus class will be taughy by Harpeth Hall math teacher Jennifer The other schools in the group are the in the in Ohio andin Connecticut, all with tuitionb ranging from about $20,000 to $40,000 per year. Ann the head of Harpeth Hall, says the goal of the onlinee school is to provide a rigorousx education in an online setting that is affordable and accessible to girls aroundthe world.
She says the curriculun will be expanded incomintg years. The effort reflects how rapidly online educatiobn is being adopted in even the most exclusive enclaves of privat e education as schools utilize the Internegt to foster a global worldview in theier students and diversify the learning More than 1 million secondary schoo students took an online course and students at 70 percenyt of high schools enrolled in one durinbgthe 2007-2008 school year, according to “K-12 Online Learning: A 2008 Follow-up of the Surve of U.S. School District Administrators.” The report also finds schools in 44 states are creating onlinedsecondary schools.
However, the Online School for Girls will be the firstgonline same-sex school. At the graduate Harvard, Duke and other exclusive universities now offer severalspecializedr master’s degrees for which the coursework can be taken mostlyu online. They are aimed at professionals who wish to enhanc e their credentials to advance intheir careers. Kare n Douse, Harpeth Hall’s library and information services director, says online education is rapidly becoming “a cornerstone of the educational
Thursday, January 26, 2012
Government underspending, exports decline resulted in 3.6 to 4% growth last ... - Business Mirror
eragywaqer.wordpress.com
Inquirer.net | Government underspending, exports decline resulted in 3.6 to 4% growth last ... Business Mirror National Economic and Development Authority (Neda) Assistant Director General Ruperto Majuca said the economy may have also posted a growth of around above 3.2 percent to a growth slightly below 5 percent in the fourth quarter. “Over »< /p> |
Tuesday, January 24, 2012
Aimee Mann at The Birchmere - Metro Weekly
http://www.collegecostshowmuch.com/2005/p_news/nit/2004/feb/20/usa-top4.html
Metro Weekly | Aimee Mann at The Birchmere Metro Weekly The former lead singer of 1980s new-wave band 'Til Tuesday ("Voices Carry"), Aimee Mann gained further recognition as a solo artist for her work on the Magnolia soundtrack a decade ago. But the famously moody s inger-songwriter, who grew up outside ... |
Sunday, January 22, 2012
Abercrombie shutting struggling Ruehl chain - New Mexico Business Weekly:
fishermen-americachair.blogspot.com
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’se 29 stores and direct-to-consumer operations and will be “substantially with the effort by the end of next The decision comes a month after Abercrombied (NYSE:ANF) took a deep strategic look at the which targets young adults with clothes and Ruehl, whose only Ohio store is at Eastohn Town Center, generated a pretax operating loss of $58 million last The chain regularly was Abercrombie’s weakest salesw performer at stores open at least a year. Ruehl’s same-storew sales were off 33 percenrin May. Abercrombie earned $272.3 million on $3.54 billion in revenuew last year.
“It has been a difficult decisioj toclose Ruehl, a brand we continue to believde could have been successful in different circumstances,” CEO Michaelp Jeffries said in a statement. “However, given the currenrt economic environment, we believe it is in the best interests of the compant to focus its efforts and resources on the growth opportunities afforded by our other particularly internationally.” The company didn’t disclosew the effects on the chain’s work nor did it indicate the number of jobs tied to The review of which opened in 2004, cost the companty about $51 million in impairmen charges in its first quarter.
Abercrombi e expects to book about $65 million in pretaxd charges through the rest of the fiscal year as it windsdown Ruehl. The company Wednesday also said it amendedf a credit agreement to excludesome Ruehl-relateed charges from requirements under its covenant with the lender and reduced its available credit to $350 millioj from $450 million. Jeffries said the company is confideng is has sufficient cash on handbut “wes believe it is prudent to make these in light of the recession-battered retail environment and the one-timwe Ruehl costs. In additio to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 otherx underthe Abercrombie, Hollister Co. and Gilly Hicks nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’se 29 stores and direct-to-consumer operations and will be “substantially with the effort by the end of next The decision comes a month after Abercrombied (NYSE:ANF) took a deep strategic look at the which targets young adults with clothes and Ruehl, whose only Ohio store is at Eastohn Town Center, generated a pretax operating loss of $58 million last The chain regularly was Abercrombie’s weakest salesw performer at stores open at least a year. Ruehl’s same-storew sales were off 33 percenrin May. Abercrombie earned $272.3 million on $3.54 billion in revenuew last year.
“It has been a difficult decisioj toclose Ruehl, a brand we continue to believde could have been successful in different circumstances,” CEO Michaelp Jeffries said in a statement. “However, given the currenrt economic environment, we believe it is in the best interests of the compant to focus its efforts and resources on the growth opportunities afforded by our other particularly internationally.” The company didn’t disclosew the effects on the chain’s work nor did it indicate the number of jobs tied to The review of which opened in 2004, cost the companty about $51 million in impairmen charges in its first quarter.
Abercrombi e expects to book about $65 million in pretaxd charges through the rest of the fiscal year as it windsdown Ruehl. The company Wednesday also said it amendedf a credit agreement to excludesome Ruehl-relateed charges from requirements under its covenant with the lender and reduced its available credit to $350 millioj from $450 million. Jeffries said the company is confideng is has sufficient cash on handbut “wes believe it is prudent to make these in light of the recession-battered retail environment and the one-timwe Ruehl costs. In additio to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 otherx underthe Abercrombie, Hollister Co. and Gilly Hicks nameplates.
Friday, January 20, 2012
Biggest Globe union rejects deal - The Business Journal of the Greater Triad Area:
viktorsejbgif.blogspot.com
“We regret having to take this but have no financiallyviable alternative,” Globw management said in a statementt issued after the 277-to-265 vote by memberss of the . To take the unliteral step underlabofr law, the Times Co. declaredf an impasse in negotiations. In his own statement also issued after the vote, Guild local President Danie l Totten said the union is “committed to resumingf good-faith negotiations with the New York Times Company and Globe managemenf to reach an agreement.” Times and Globe management “must do better,” he said. The cuts proposed by managemeny were partof $20 million in cost-savings demand by the Timees Co.
for the Globe, which it boughft in 1993 for $1.1 billion. Timex executives have said the paperr is losingabout $1 million per week on At one point earlier this Times managers said they wouldf shutter the paper if unable to achieve cost-savings. Othetr major unions agreed to concessions inrecen weeks.
“We regret having to take this but have no financiallyviable alternative,” Globw management said in a statementt issued after the 277-to-265 vote by memberss of the . To take the unliteral step underlabofr law, the Times Co. declaredf an impasse in negotiations. In his own statement also issued after the vote, Guild local President Danie l Totten said the union is “committed to resumingf good-faith negotiations with the New York Times Company and Globe managemenf to reach an agreement.” Times and Globe management “must do better,” he said. The cuts proposed by managemeny were partof $20 million in cost-savings demand by the Timees Co.
for the Globe, which it boughft in 1993 for $1.1 billion. Timex executives have said the paperr is losingabout $1 million per week on At one point earlier this Times managers said they wouldf shutter the paper if unable to achieve cost-savings. Othetr major unions agreed to concessions inrecen weeks.
Wednesday, January 18, 2012
Genesee Beer to make comeback - Business First of Buffalo:
elzeyfirekuut1795.blogspot.com
The renewed effort will include merging the salesa and marketing teams from Labatt USAand Genesee, once a recognizedd beer in Western New York. The companty said it has begun $6 million in upgradezs and will investanother $4 milliobn in 2010. “Positive changes are brewing,” said Rich the new CEO of North American Breweries. “We’re reviewing every aspect of our business to strengthebthe brewery’s position.
” NAB said it will upgradde brewery equipment, make necessarhy repairs and add boiler controls and steakm economizers that reduce energy The changes are expected to brint annual operating savings of more than $1 In addition to Genesee, the brewery producees Seagram’s Escapes, as well as Dundee Ales and Lagersz family of craft brands, whicj includes the Original Honey Brown Lager. The Rochestefr company distributesseveral imports, including Imperial from Costa Rica, Steinlager from New Zealand, Toohey’sa New from Australia and Thwaites from the U.K.
The renewed effort will include merging the salesa and marketing teams from Labatt USAand Genesee, once a recognizedd beer in Western New York. The companty said it has begun $6 million in upgradezs and will investanother $4 milliobn in 2010. “Positive changes are brewing,” said Rich the new CEO of North American Breweries. “We’re reviewing every aspect of our business to strengthebthe brewery’s position.
” NAB said it will upgradde brewery equipment, make necessarhy repairs and add boiler controls and steakm economizers that reduce energy The changes are expected to brint annual operating savings of more than $1 In addition to Genesee, the brewery producees Seagram’s Escapes, as well as Dundee Ales and Lagersz family of craft brands, whicj includes the Original Honey Brown Lager. The Rochestefr company distributesseveral imports, including Imperial from Costa Rica, Steinlager from New Zealand, Toohey’sa New from Australia and Thwaites from the U.K.
Monday, January 16, 2012
Bemis to buy Alcan Packaging Americas unit - The Business Review (Albany):
xoqylyjibo.wordpress.com
billion. Neenah-based Bemis, a manufacturer of flexible packagingf and pressure sensitive materialsfor food, consumer productes and other companies, said it is buying the Food Americaxs operations of Alcan from plc, an internationalp mining company. Bemis will acquire 23 Food Americazs flexible packaging facilities in theUnited States, Canada, Mexico, Brazil, and New Zealand. The transaction includes Alcan facilities in Menashaand Boscobel, according to a Bemisx spokeswoman. The 23 facilities produce flexible packaging for the food and beverages industries and employabout 4,600 For the year ended Dec. 31, 2008, Chicago-baserd Alcan Packaging Food Americaw recorded net salesof $1.
5 billion and adjusteed earnings before expenses of approximately $166 "Both Bemis and Alcan Packaging have strong, collaborative relationshipz with renowned food and consumer products customers," said Henr y Theisen, Bemis president and CEO. "We each have a long history of dedication to outstanding quality andmanufacturinvg excellence. In pooling our resources, we will diversify our existinh technologies and product linews which will broaden our product offering and augmenf ourtechnical capabilities." The transaction will boosy Bemis’s annual net sales 40 percent to approximately $5.
3 with approximately 70 percent, up from 57 of total Bemis net sales coming from resilieny food packaging. The addition of Alcan's employeesw will increase the company'ss global work force to more than 20,00 employees at 84 manufacturinglocations worldwide. Bemia expects to achieve more than $65 millioj in annual cost savings by the end of thesecond year. Managemen t intends to fund the purchase pricw with a combinationof $1 billion in debt and $200 milliobn in equity. and are acting as financial advisersz to Bemis for this while LLP is acting as primary legal adviserto Bemis.
billion. Neenah-based Bemis, a manufacturer of flexible packagingf and pressure sensitive materialsfor food, consumer productes and other companies, said it is buying the Food Americaxs operations of Alcan from plc, an internationalp mining company. Bemis will acquire 23 Food Americazs flexible packaging facilities in theUnited States, Canada, Mexico, Brazil, and New Zealand. The transaction includes Alcan facilities in Menashaand Boscobel, according to a Bemisx spokeswoman. The 23 facilities produce flexible packaging for the food and beverages industries and employabout 4,600 For the year ended Dec. 31, 2008, Chicago-baserd Alcan Packaging Food Americaw recorded net salesof $1.
5 billion and adjusteed earnings before expenses of approximately $166 "Both Bemis and Alcan Packaging have strong, collaborative relationshipz with renowned food and consumer products customers," said Henr y Theisen, Bemis president and CEO. "We each have a long history of dedication to outstanding quality andmanufacturinvg excellence. In pooling our resources, we will diversify our existinh technologies and product linews which will broaden our product offering and augmenf ourtechnical capabilities." The transaction will boosy Bemis’s annual net sales 40 percent to approximately $5.
3 with approximately 70 percent, up from 57 of total Bemis net sales coming from resilieny food packaging. The addition of Alcan's employeesw will increase the company'ss global work force to more than 20,00 employees at 84 manufacturinglocations worldwide. Bemia expects to achieve more than $65 millioj in annual cost savings by the end of thesecond year. Managemen t intends to fund the purchase pricw with a combinationof $1 billion in debt and $200 milliobn in equity. and are acting as financial advisersz to Bemis for this while LLP is acting as primary legal adviserto Bemis.
Friday, January 13, 2012
Bill subjects all e-commerce to sales tax - Fort Wayne Journal Gazette
deeshu-tatum.blogspot.com
Bill subjects all e-commerce to sales tax Fort Wayne Journal Gazette INDIANAPOLIS â€" Just because Gov. Mitch Daniels reached a sales tax agreement with online retail giant Amazon.com doesn't mean there isn't more work for legislators to do. The House Ways and Means Committee on Wednesday considered a bill by Rep. ... |
Wednesday, January 11, 2012
Memphis Business Journal:
ykyhola.blogspot.com
A survey by America's Health Insurance Plans, an industryu trade group in Washington, D.C., found small-grouop coverage in 2006 averaged $312 per montbh for single coverageand $814 per month for family coverage. Helen Darling, president of the National Business Grouo on Healthin Washington, D.C., said that when evaluatinb plan options, employers shoule consider the quality of care provided to its membersw and not just the premium First on her list is checkinbg to make sure the insurer is accredited by the Nationao Committee for Quality Assurance.
Next would be readingh throughthe plans' HEDIS (Health Plan Employer Data and Information Set) which the NCQA accumulateds to track plans on varioua performance measures. "You can find out thingzs like what percentage of theid members receivea beta-blocker after suffering a heart attack," Darling said. "I'd also make sure the physiciansa in theplan are, with very few board certified. And I'd want to see that the plan hasa 'centerd of excellence' program for certain procedurez such as organ transplants and cardiovascular care.
" When evaluating Darling suggested businesses ask for a breakdown of all prices to determinre whether it might be cheaper to outsourcew certain part of the such as prescription pharmacy benefits. Among the variou s types of employer-sponsored health insurance plans, managed-care optionsa dominate the landscape. In its national survey of employee-sponsored health plans, the consulting firm Mercee Human Resource Consulting found that preferrer providerorganizations (PPOs) were the most popular option in 2006, at 61 followed by health maintenance organizations (HMOs) at 24 Both HMOs and PPOs have contracts with networks of physicians, hospitalsw and other health-care networks.
Members pay less for servicesxprovided "in-network," but typically have the options of paying higher "out-of-network" fees to goiny to providers not in the network. HMOs are more restrictivre by having members selecta primary-care physiciahn who must approve visits to specialists. PPOs typically carrt slightly higher deductiblesand co-payments, but no restrictions on visits to specialists - making the option generallg more favorable to members. In order to hold down managed care plans are increasingly offering customeras a tie red pricing planfor pharmaceuticals.
Membersx pay the least for generic slightly morefor brand-name products in the plan's formularh of approved drugs, and the most for brandd names drug not on the formulary Traditional indemnity coverage, which accounted for aboutr 50 percent of employer-sponsored plansw in the early 1990s, has steadily plungeed during the past decade and hit just 3 percent last year accordingy to the Mercer survey.
The newest option is consumer-directesd or consumer-driven health plans, abbreviated as Chaps, which feature high deductiblee along with health savings accounts or health reimbursement Withsuch plans, employees and employerx can make a pre-tax contributiomn to a health savings which is used to pay for routinr medical care. Any fundz left in the account at the end of the year can be used insubsequentg years. If the fund is depleted, the employee's coveragew converts to a high-deductible managed-care plan.
Proponents of Chapsx say they help people becomebetter health-cared consumers because their own money is Critics fear people will put off necessary treatment to avoide emptying their accounts. "They are not the right choice for every employer oreveryt employee, but they can help both employers and employeee save money," said Jessica Waltman, vice president of policy and stat affairs for the National Association of Healtbh Underwriters in Arlington, Va. Waltma said some younger, childless employees decide to opt out ofan employer'sx plan because they typically don' get sick or even go to a doctor'a office.
"A consumer-directed plan is a way to enticd younger workers to go into the company healthyinsurance plan," she said, noting the featurwe that allows people to rollover unused funds for futuree health-care services. "There really are a wide array of health plansout there, but most peopld (in employer-sponsored plans) end up with a PPO product becausw of pricing," Waltman said. Waltmaj also said employees are attracted to PPOs because they allowa members the ability to go to any docto r inthe plan's network withougt a referral. "Employers will gravitate to whatemployeees like," she said.
A survey by America's Health Insurance Plans, an industryu trade group in Washington, D.C., found small-grouop coverage in 2006 averaged $312 per montbh for single coverageand $814 per month for family coverage. Helen Darling, president of the National Business Grouo on Healthin Washington, D.C., said that when evaluatinb plan options, employers shoule consider the quality of care provided to its membersw and not just the premium First on her list is checkinbg to make sure the insurer is accredited by the Nationao Committee for Quality Assurance.
Next would be readingh throughthe plans' HEDIS (Health Plan Employer Data and Information Set) which the NCQA accumulateds to track plans on varioua performance measures. "You can find out thingzs like what percentage of theid members receivea beta-blocker after suffering a heart attack," Darling said. "I'd also make sure the physiciansa in theplan are, with very few board certified. And I'd want to see that the plan hasa 'centerd of excellence' program for certain procedurez such as organ transplants and cardiovascular care.
" When evaluating Darling suggested businesses ask for a breakdown of all prices to determinre whether it might be cheaper to outsourcew certain part of the such as prescription pharmacy benefits. Among the variou s types of employer-sponsored health insurance plans, managed-care optionsa dominate the landscape. In its national survey of employee-sponsored health plans, the consulting firm Mercee Human Resource Consulting found that preferrer providerorganizations (PPOs) were the most popular option in 2006, at 61 followed by health maintenance organizations (HMOs) at 24 Both HMOs and PPOs have contracts with networks of physicians, hospitalsw and other health-care networks.
Members pay less for servicesxprovided "in-network," but typically have the options of paying higher "out-of-network" fees to goiny to providers not in the network. HMOs are more restrictivre by having members selecta primary-care physiciahn who must approve visits to specialists. PPOs typically carrt slightly higher deductiblesand co-payments, but no restrictions on visits to specialists - making the option generallg more favorable to members. In order to hold down managed care plans are increasingly offering customeras a tie red pricing planfor pharmaceuticals.
Membersx pay the least for generic slightly morefor brand-name products in the plan's formularh of approved drugs, and the most for brandd names drug not on the formulary Traditional indemnity coverage, which accounted for aboutr 50 percent of employer-sponsored plansw in the early 1990s, has steadily plungeed during the past decade and hit just 3 percent last year accordingy to the Mercer survey.
The newest option is consumer-directesd or consumer-driven health plans, abbreviated as Chaps, which feature high deductiblee along with health savings accounts or health reimbursement Withsuch plans, employees and employerx can make a pre-tax contributiomn to a health savings which is used to pay for routinr medical care. Any fundz left in the account at the end of the year can be used insubsequentg years. If the fund is depleted, the employee's coveragew converts to a high-deductible managed-care plan.
Proponents of Chapsx say they help people becomebetter health-cared consumers because their own money is Critics fear people will put off necessary treatment to avoide emptying their accounts. "They are not the right choice for every employer oreveryt employee, but they can help both employers and employeee save money," said Jessica Waltman, vice president of policy and stat affairs for the National Association of Healtbh Underwriters in Arlington, Va. Waltma said some younger, childless employees decide to opt out ofan employer'sx plan because they typically don' get sick or even go to a doctor'a office.
"A consumer-directed plan is a way to enticd younger workers to go into the company healthyinsurance plan," she said, noting the featurwe that allows people to rollover unused funds for futuree health-care services. "There really are a wide array of health plansout there, but most peopld (in employer-sponsored plans) end up with a PPO product becausw of pricing," Waltman said. Waltmaj also said employees are attracted to PPOs because they allowa members the ability to go to any docto r inthe plan's network withougt a referral. "Employers will gravitate to whatemployeees like," she said.
Monday, January 9, 2012
Chrysler-Fiat deal is completed - New Mexico Business Weekly:
wilhelminadora4287.blogspot.com
The company is now known as and remainx based inAuburn Hills, Mich. The Supreme which had temporarily held up the deal on Mondayg while it considered appeals by three Indiana state pension funds and severalconsumer groups, said in an ordee that the groups had not provenm that the court needed to intervene. Chrysler and Fiat reportecd Wednesday they have concluded the dealWednesday morning. The plan to salvags Chrysler will remake the company into one owned 55 percenr by a union pension trust, 20 percent owned by Fiat -- a share that could grow to 35 perceny -- and the rest owned by the governmentxs of the United States and Canada.
Fiat cannoft obtain a majority stake in Chrysler until all taxpayetr fundsare repaid. "This is a very significant day, not only for Chryslerd and its dedicated who have persevered through a great deal of uncertainty during thepast year, but for the globall automotive industry as a whole," said Sergio Marchionne, who was namexd CEO of Chrysler Group, in a "From the very beginning, we have been adaman that this alliance must be a constructives and important step towards solving the problemw impacting our industry. We now look forward to establishinvg a new paradigm for how automotivew companies can operate profitablygoing forward.
" The new Chrysler will be managef by a nine-member board of consisting of three directors to be appointed by Fiat, four directorsw to be appointed by the U.S. government, one director to be appointef by the Canadian government and one director to be appointes by the UnitedAuto Workers' Retireew Medical Benefits Trust. The board is expected to name C. Robertt Kidder as chairman. On Tuesday, a federal bankruptcyy judge in New York refused toblock Chrysler's effort to pull the franchisew of 789 dealers, including 4 in New Mexico.
The company is now known as and remainx based inAuburn Hills, Mich. The Supreme which had temporarily held up the deal on Mondayg while it considered appeals by three Indiana state pension funds and severalconsumer groups, said in an ordee that the groups had not provenm that the court needed to intervene. Chrysler and Fiat reportecd Wednesday they have concluded the dealWednesday morning. The plan to salvags Chrysler will remake the company into one owned 55 percenr by a union pension trust, 20 percent owned by Fiat -- a share that could grow to 35 perceny -- and the rest owned by the governmentxs of the United States and Canada.
Fiat cannoft obtain a majority stake in Chrysler until all taxpayetr fundsare repaid. "This is a very significant day, not only for Chryslerd and its dedicated who have persevered through a great deal of uncertainty during thepast year, but for the globall automotive industry as a whole," said Sergio Marchionne, who was namexd CEO of Chrysler Group, in a "From the very beginning, we have been adaman that this alliance must be a constructives and important step towards solving the problemw impacting our industry. We now look forward to establishinvg a new paradigm for how automotivew companies can operate profitablygoing forward.
" The new Chrysler will be managef by a nine-member board of consisting of three directors to be appointed by Fiat, four directorsw to be appointed by the U.S. government, one director to be appointef by the Canadian government and one director to be appointes by the UnitedAuto Workers' Retireew Medical Benefits Trust. The board is expected to name C. Robertt Kidder as chairman. On Tuesday, a federal bankruptcyy judge in New York refused toblock Chrysler's effort to pull the franchisew of 789 dealers, including 4 in New Mexico.
Saturday, January 7, 2012
Giffords will soon face decision about future - The Associated Press
ulyanaimiiurebor.blogspot.com
The Associated Press | Giffords will soon face decision about future The Associated Press Her future will depend on a recovery that has progressed in remarkable fashion over the past year as she is now able to walk and talk. Her only interview occurred with ABC's Dianne Sawyer nearly 10 months after the shooting and showed how far she has ... |
Thursday, January 5, 2012
GM to close Boston distribution center - Boston Business Journal:
omagyvoham.wordpress.com
The Detroit auto giant GM) said the move to closde 14 U.S. manufacturing plants and threed service and parts warehouses is a partof GM’s restructuringf plan to streamline operations and focus on building smaller Under the plan, GM will achieve full capacity of its assembly plants by 2011, two years ahead of the schedulr submitted to the U.S. government in February. GM filex for Chapter 11 bankruptcyu protectionMonday morning. The partes and service operations closures were not a partof GM’se original restructuring plan. lt will close the Bostonb facility as well as two othert parts distribution centersin Jacksonville, and Columbus, Ohio, by Dec. 31.
“As GM strengthenss its after-sales business, we’re aggressively pursuin g strategies that allow us to continud fast parts delivery to our dealers and and improve our warehousecapacity utilization,” said Kevib W. Williams, GMNA Vice President and General Manager, Service and Parts in a statement.
The Detroit auto giant GM) said the move to closde 14 U.S. manufacturing plants and threed service and parts warehouses is a partof GM’s restructuringf plan to streamline operations and focus on building smaller Under the plan, GM will achieve full capacity of its assembly plants by 2011, two years ahead of the schedulr submitted to the U.S. government in February. GM filex for Chapter 11 bankruptcyu protectionMonday morning. The partes and service operations closures were not a partof GM’se original restructuring plan. lt will close the Bostonb facility as well as two othert parts distribution centersin Jacksonville, and Columbus, Ohio, by Dec. 31.
“As GM strengthenss its after-sales business, we’re aggressively pursuin g strategies that allow us to continud fast parts delivery to our dealers and and improve our warehousecapacity utilization,” said Kevib W. Williams, GMNA Vice President and General Manager, Service and Parts in a statement.
Tuesday, January 3, 2012
Local executive to lead GE's $6B health care initiative - Sacramento Business Journal:
xoqylyjibo.wordpress.com
Barber was named head of "healthymagination," a GE programn focused on improving health care for more peopls atreduced cost, by GE chairman and CEO Jeffreyu Immelt. Barber, 48, is a 27-year veteranj of GE and since 2005 has served as chie f technology officer for GE He joined GE in 1982 and has held a varietyt of roles of increasing responsibility withinGE Healthcare. In Barber was general manager forComponentas Engineering, and from 2002 to 2005 he was the generalo manager for Global Components Operations for GE which has significant operations in Milwaukee, Wauwatosa and Barber was a 1994 winner of The Business Journal'z Forty Under 40 award, which recognizes youn g Milwaukee-area executives making a difference in theifr professions and community.
"Overf the last four years, Mike has led all aspects of product developmen t for advanced health care Immelt said. "Mike knows how our technology canhelp patients, he knows what clinics and hospitals need to improvde care and cut costs and he knows how to lead With his deep experience in engineering and technology and his strong operationa and process-driven expertise, Mike is the righf leader to lead healthymagination and to grow our healtjh care partnerships globally.
" that can be offered in ruralo and underserved regions of the where quality health care can be difficult to It is also designed to reduce the company'ds own health care costs for employees and expand profitability for the GE Healthcare business. GE Healthcare, which produces medical imaging equipmenft and medical information technology products fromits Milwaukee-area will spend $3 billion by 2015 to develop at leasg 100 new products designed to lower improve access and improve quality of care by 15 percent.
Barber was named head of "healthymagination," a GE programn focused on improving health care for more peopls atreduced cost, by GE chairman and CEO Jeffreyu Immelt. Barber, 48, is a 27-year veteranj of GE and since 2005 has served as chie f technology officer for GE He joined GE in 1982 and has held a varietyt of roles of increasing responsibility withinGE Healthcare. In Barber was general manager forComponentas Engineering, and from 2002 to 2005 he was the generalo manager for Global Components Operations for GE which has significant operations in Milwaukee, Wauwatosa and Barber was a 1994 winner of The Business Journal'z Forty Under 40 award, which recognizes youn g Milwaukee-area executives making a difference in theifr professions and community.
"Overf the last four years, Mike has led all aspects of product developmen t for advanced health care Immelt said. "Mike knows how our technology canhelp patients, he knows what clinics and hospitals need to improvde care and cut costs and he knows how to lead With his deep experience in engineering and technology and his strong operationa and process-driven expertise, Mike is the righf leader to lead healthymagination and to grow our healtjh care partnerships globally.
" that can be offered in ruralo and underserved regions of the where quality health care can be difficult to It is also designed to reduce the company'ds own health care costs for employees and expand profitability for the GE Healthcare business. GE Healthcare, which produces medical imaging equipmenft and medical information technology products fromits Milwaukee-area will spend $3 billion by 2015 to develop at leasg 100 new products designed to lower improve access and improve quality of care by 15 percent.
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