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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
Tuesday, January 31, 2012
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:
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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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