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Le Soir said the world’x largest brewer was selling its central European operations becauser it is fragmentedand non-strategic and plans to focus on its nort and south American operations instead, according to The breweries are in Bulgaria, Romania, Croatia, Czech Republic, Serbia and Montenegro. , Kohlberg Kravizs Roberts and are among private equityy groups that have expressed interesr inthe assets, the Financial Times of London reportedc Monday. A-B InBev wants to sell off assetws as it tries to raise mone to reduce the debt it took on when itbought St. Louis-baseds Anheuser-Busch last year for $52 billion.
“We are contemplating disposal of certain assets tohelp re-financed the acquisition of Anheuser-Busch, as previously Marianne Amssoms, an A-B InBev spokeswoman, wrote in an e-mail to the Businesss Journal. “However, we cannot commentr at this stage on which businesses specifically wouldbe considered. Anheuser-Busch InBev's decision will be basee on a diligent reviewq of the strategic and financial consequences of any with the goal of creating the best opportunities and value forall constituents. We will not commenf on who has approached us forwhich assets.
” In A-B InBev reached an agreement to to Kohlberg Kravis
Tuesday, June 14, 2011
Sunday, June 12, 2011
Pryor Won't Cooperate With NCAA Investigators - New York Times
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Fox News | Pryor Won't Cooperate With NCAA Investigators New York Times By AP Terrelle Pryor will no longer cooperate with NCAA investigators looking into Ohio State's footb » |
Friday, June 10, 2011
William Boyd Printing site sold for $1.3M - Baltimore Business Journal:
vickreyafolori1839.blogspot.com
Ltd., an affiliate of Cos. in Cliftob Park, closed on the $1.3 million purchase on June 3. Cass Hill intendxs to convert theformer 1.3-acre industrial site at 39-49 Sheridam Ave. into an office/retail/residential project. The properth is located behindthe & Suites on Chapelk Street, near the heart of the city’s entertainment Tony Sabatino of representef the seller. Cass Hill was represented by Eilee Lindbergof /Albany. Marc H. Paquin, president of Cass Hill Developmentt Cos.
, couldn’t be reached for Cass Hill owns severalproperties downtown, including a 30,000-square-foort office building on Monroe Street acrosse from the former printing Boyd Printing filed for Chapter 11 bankruptcy protection in Septembert 2005. A federal bankruptcy judged in March 2008 approved the sale of the buildings to help satisftythe company’s debts. Some of the company’zs assets were purchased by Carl Johnson, an officerd at Boyd Printing, who opened a separates corporation, Inc., in Colonie. Previous deals for the Sheridanh Avenue property fizzled before Cass Hill signedx a purchase contractlast year.
Ltd., an affiliate of Cos. in Cliftob Park, closed on the $1.3 million purchase on June 3. Cass Hill intendxs to convert theformer 1.3-acre industrial site at 39-49 Sheridam Ave. into an office/retail/residential project. The properth is located behindthe & Suites on Chapelk Street, near the heart of the city’s entertainment Tony Sabatino of representef the seller. Cass Hill was represented by Eilee Lindbergof /Albany. Marc H. Paquin, president of Cass Hill Developmentt Cos.
, couldn’t be reached for Cass Hill owns severalproperties downtown, including a 30,000-square-foort office building on Monroe Street acrosse from the former printing Boyd Printing filed for Chapter 11 bankruptcy protection in Septembert 2005. A federal bankruptcy judged in March 2008 approved the sale of the buildings to help satisftythe company’s debts. Some of the company’zs assets were purchased by Carl Johnson, an officerd at Boyd Printing, who opened a separates corporation, Inc., in Colonie. Previous deals for the Sheridanh Avenue property fizzled before Cass Hill signedx a purchase contractlast year.
Tuesday, June 7, 2011
More stimulus millions earmarked for Albuquerque - New Mexico Business Weekly:
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Irene Garcia, chief operating officer with the city of saidthe state’s largest municipalityh now anticipates being allocated about $44 million, up from $30.1 million in March. Some this moneuy comes from sources where the city has applier forthe money, but has not yet receivedc it. But Garcia said officials are confideny they will getthe funds. Much of this is due to new grante from the Department of suchas $933,000 for counselint services and a liaison program for thosee with substance abuse problems. Anothefr $826,000 will go to hiring temporaru staff for the SouthwestBorder Program, which focuses on fightinyg narcotics trafficking.
Another $951,000 is coming to the statre Environment Department to retrofit heavyu equipment to runmore cleanly. And the city got $5 millio n rather than $3.2 million, for energy efficiency programs. Thosew funds will be used to put solard panels on parking garage structureswith plug-in capacity for hybrid The city also plans to purchases more hybrid vehicles.
Irene Garcia, chief operating officer with the city of saidthe state’s largest municipalityh now anticipates being allocated about $44 million, up from $30.1 million in March. Some this moneuy comes from sources where the city has applier forthe money, but has not yet receivedc it. But Garcia said officials are confideny they will getthe funds. Much of this is due to new grante from the Department of suchas $933,000 for counselint services and a liaison program for thosee with substance abuse problems. Anothefr $826,000 will go to hiring temporaru staff for the SouthwestBorder Program, which focuses on fightinyg narcotics trafficking.
Another $951,000 is coming to the statre Environment Department to retrofit heavyu equipment to runmore cleanly. And the city got $5 millio n rather than $3.2 million, for energy efficiency programs. Thosew funds will be used to put solard panels on parking garage structureswith plug-in capacity for hybrid The city also plans to purchases more hybrid vehicles.
Sunday, June 5, 2011
OpenTV rejects Kudelski offer - San Francisco Business Times:
nazariomuibepu1687.blogspot.com
A special committee of San Francisco-based ’s board of directorws rejected an unsolicited proposao by Kudelski SA to acquire all outstanding shares ofthe company’ s Class A ordinary stock not ownecd by Kudelski or its affiliatesa for $1.35 per share. Using language typica in such situations, the committeew called the offer “inadequate and not in the best interests of the company andits stockholders,” saying it reached its conclusion “afteer careful consideration, including a thorough revies of OpenTV’s business and prospects, and other with its independent financial advisor, OpenTV sells television set-topo box software.
OpenTV reported a net profit in 2008 for the firsft time since its start in1994 $9.6 million on revenue of nearlyg $117 million. Last the company reported that for the quarter endedd March 31 revenueswere $29.4 million, compared with $33.8 millioj for the first quarter of 2008. Net incomr for the first quarterwas $1.2 compared with $6.3 million for the firstg quarter of 2008.
A special committee of San Francisco-based ’s board of directorws rejected an unsolicited proposao by Kudelski SA to acquire all outstanding shares ofthe company’ s Class A ordinary stock not ownecd by Kudelski or its affiliatesa for $1.35 per share. Using language typica in such situations, the committeew called the offer “inadequate and not in the best interests of the company andits stockholders,” saying it reached its conclusion “afteer careful consideration, including a thorough revies of OpenTV’s business and prospects, and other with its independent financial advisor, OpenTV sells television set-topo box software.
OpenTV reported a net profit in 2008 for the firsft time since its start in1994 $9.6 million on revenue of nearlyg $117 million. Last the company reported that for the quarter endedd March 31 revenueswere $29.4 million, compared with $33.8 millioj for the first quarter of 2008. Net incomr for the first quarterwas $1.2 compared with $6.3 million for the firstg quarter of 2008.
Friday, June 3, 2011
GM files for bankruptcy, plans to transfer operations to Wentzville - Boston Business Journal:
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Some operations and equipment from a steel stamping plant inGranf Rapids, Mich., which is slated to close as part of the automaker'ws restructuring, will be transferred to Wentzville, accordingf to Bob Wheeler, a spokesman for the Wentzvilld plant. It's not yet known how many, if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lamb i at9 a.m. Monday to assure him the local plant wouldremain "It's good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this plan willbe around.
" Still, Lambui said, rival automaker Chrysler plans to shutter its Fentoh factors after investing $130 million in them, so it was importantt for Wentzville to not rely on GM so much and diversifu its revenue stream. When Lambi took offices seven years ago, Wentzville counted on GM for abou t 55 to 60 percent of itstotalp revenue. Today, that's more like 15 percent of the city's $24 million general fund, because GM pays the city about $3 million a year in real estatee taxes, property taxes and other fees, he GM on Monday by the end of but the Wentzville plant was sparerbecause it’s the only plantt where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announced and other production cuts in June and July that will resulf in the layoffs of 300 workers.
Monday’x Chapter 11 filing by the 101-year-old automake r is among the largestin U.S. historyt and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billion in assets, according to the filed in New GMto St. Louis’ largest privately held Enterprise Rent-a-Car, and to Chapter 11, whichy allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and providees $30 billion of additional taxpayer funds to The GM plan as detailed by U.S.
officiale would allow a much smallerf GM to emerge from court protectionm within 60 to 90 The automaker has not provided an updated target for job cuts but was lookintg toeliminate 21,000 U.S. factory jobs from the 54,000o union members it now General Motorsemploys 92,000 in the Unitecd States and is indirectly responsible for 500,000 The U.S. government would hold a 60 percenty financial interest in areorganized GM, and the UAW would take a 17.5 percent stake. The governments of Canad a and the province of Ontario have agreed to a 12 percenr ownership stake in exchange forfinancial aid. GM bondholders would get 10 percent. "It’s a bittersweet Wheeler said.
"You hate to have to go through the process of closingt plants andeliminating jobs, but look around, that’ds what's going on with a lot of Hopefully we can rebound, hire people in the futurer and be the vibrant company we once were." Downloaf a copy of the
Some operations and equipment from a steel stamping plant inGranf Rapids, Mich., which is slated to close as part of the automaker'ws restructuring, will be transferred to Wentzville, accordingf to Bob Wheeler, a spokesman for the Wentzvilld plant. It's not yet known how many, if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lamb i at9 a.m. Monday to assure him the local plant wouldremain "It's good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this plan willbe around.
" Still, Lambui said, rival automaker Chrysler plans to shutter its Fentoh factors after investing $130 million in them, so it was importantt for Wentzville to not rely on GM so much and diversifu its revenue stream. When Lambi took offices seven years ago, Wentzville counted on GM for abou t 55 to 60 percent of itstotalp revenue. Today, that's more like 15 percent of the city's $24 million general fund, because GM pays the city about $3 million a year in real estatee taxes, property taxes and other fees, he GM on Monday by the end of but the Wentzville plant was sparerbecause it’s the only plantt where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announced and other production cuts in June and July that will resulf in the layoffs of 300 workers.
Monday’x Chapter 11 filing by the 101-year-old automake r is among the largestin U.S. historyt and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billion in assets, according to the filed in New GMto St. Louis’ largest privately held Enterprise Rent-a-Car, and to Chapter 11, whichy allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and providees $30 billion of additional taxpayer funds to The GM plan as detailed by U.S.
officiale would allow a much smallerf GM to emerge from court protectionm within 60 to 90 The automaker has not provided an updated target for job cuts but was lookintg toeliminate 21,000 U.S. factory jobs from the 54,000o union members it now General Motorsemploys 92,000 in the Unitecd States and is indirectly responsible for 500,000 The U.S. government would hold a 60 percenty financial interest in areorganized GM, and the UAW would take a 17.5 percent stake. The governments of Canad a and the province of Ontario have agreed to a 12 percenr ownership stake in exchange forfinancial aid. GM bondholders would get 10 percent. "It’s a bittersweet Wheeler said.
"You hate to have to go through the process of closingt plants andeliminating jobs, but look around, that’ds what's going on with a lot of Hopefully we can rebound, hire people in the futurer and be the vibrant company we once were." Downloaf a copy of the
Wednesday, June 1, 2011
Crist signs bill to battle securities fraud - South Florida Business Journal:
mytyhona.wordpress.com
During a ceremonial bill signing Monday atthe Miami-Dadew County Courthouse, Crist, with Attorney Generalk Bill McCollum and some of the bill’a sponsors at his side, signeed the Investor Protection Act (HB 483). It givee McCollum’s office, with approval from the , the authority to investigatre andprosecute large-scale securities scam s under the state’s securities law. white-collar criminal prosecutions fell under theracketeerinhg statute, which is harder to prove. Prosecutions also were limitec to the office ofthe state’s McCollum pointed out.
Crist noted that this kind of authorityu was lacking during his tenures as attorney general and that this law woulput “teeth” into the state’e prosecutorial powers. The law enhances the Officwe ofFinancial Regulation’s enforcement powerz by increasing penalties for violators and strengthening the licensd registration requirements for securitiezs dealers. Penalties double from $5,000 to $10,009 as a result of the law, which goes into effectr Wednesday. State authorities will also be able to pursuee civil lawsuits to recover lost McCollum said. McCollum worked with Rep. Tom Grady, R-Naplesa and Sen. Garrett R-Naples on the legislation. Both attendeds the signing. Sen.
Dan D-Miami Beach, a bill sponsor, also attended Monday’s Grady is a securitiesw attorney and expert in securities regulatiojn who drafted the bill and sponsored it inthe “Now the attorney general will have the tools to do the said Grady, prior to the signing. “Ou r economy will grow stronger if investors have confidence in ourfinanciaol markets,” he said in a “By increasing the tools available to the state to prosecutw violators of our securities laws, we protect investora and foster needed trust in the system.
During a ceremonial bill signing Monday atthe Miami-Dadew County Courthouse, Crist, with Attorney Generalk Bill McCollum and some of the bill’a sponsors at his side, signeed the Investor Protection Act (HB 483). It givee McCollum’s office, with approval from the , the authority to investigatre andprosecute large-scale securities scam s under the state’s securities law. white-collar criminal prosecutions fell under theracketeerinhg statute, which is harder to prove. Prosecutions also were limitec to the office ofthe state’s McCollum pointed out.
Crist noted that this kind of authorityu was lacking during his tenures as attorney general and that this law woulput “teeth” into the state’e prosecutorial powers. The law enhances the Officwe ofFinancial Regulation’s enforcement powerz by increasing penalties for violators and strengthening the licensd registration requirements for securitiezs dealers. Penalties double from $5,000 to $10,009 as a result of the law, which goes into effectr Wednesday. State authorities will also be able to pursuee civil lawsuits to recover lost McCollum said. McCollum worked with Rep. Tom Grady, R-Naplesa and Sen. Garrett R-Naples on the legislation. Both attendeds the signing. Sen.
Dan D-Miami Beach, a bill sponsor, also attended Monday’s Grady is a securitiesw attorney and expert in securities regulatiojn who drafted the bill and sponsored it inthe “Now the attorney general will have the tools to do the said Grady, prior to the signing. “Ou r economy will grow stronger if investors have confidence in ourfinanciaol markets,” he said in a “By increasing the tools available to the state to prosecutw violators of our securities laws, we protect investora and foster needed trust in the system.
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