avaohev.blogspot.com
BioSante (NASDAQ: BPAX) will pay 0.1615 of its own common sharesd for each share of CellGenesyxs (NASDAQ: CEGE). This deal should close latet this year, likely in the late third or early fourth quarter. In the first quarter, Cell Genesysz lost $8.7 million, or 10 cents a share, narrowed from a loss in the same perioxd last yearof $22.6 million, or 29 cents a share. The companuy had been exploringstrategicv alternatives, including merger with or acquisitio n by another company, additionap restructuring, repurchase of additional amounts of convertible notes or allocationh of its remaining resources toward other biopharmaceutical productf areas.
Cell Genesys had hired to help it figure outa strategy. The companyg already cut about 95 percent ofits staff, from 290 personz to 16, by eliminating all research and development, clinical and regulatory activities. BioSante, baseds in Lincolnshire, Ill., focuses on drugs for sexuao health.
jueves, 31 de mayo de 2012
miércoles, 30 de mayo de 2012
Newly named Archbishop Samuel Aquila at home in Denver, public square - Denver Post
exceeding-commissioner.blogspot.com
kwgn.com | Newly named Archbishop Samuel Aquila at home in Denver, public square Denver Post (Andy Cross, The Denver Post) Denver's newly named archbishop, Samuel J. Aquila, bishop of the sm » |
lunes, 28 de mayo de 2012
Big Huge Games acquired by Curt Schilling's 38 Studios - Baltimore Business Journal:
qalymeled.wordpress.com
Big Huge Games’ , had said in March it would close the compan if a buyer could not be found withibntwo months. Details on how the deal came togethedwith Schilling’s company were not immediatelyh available. The sale means Big Huge Games, whicbh employed about 120 in itsTimonium , will keep its presence amont the Baltimore County community of video game developers. The company has been workingg on aforthcoming role-playing game and is known for titlex such as “Catan,” adapted from a popular board and the “Rise of Nations” Big Huge Games' Timonium offices will remain open. The company's 70 employeese will join with Maynard, Mass.
-based 38 Studios' 75 employeee to be divided among the two sites depending on whered future projectsare planned, 38 Studios spokeswomanh Andrea Schneider said. Big Huge Games and 38 Studiose did not disclose the terms ofthe deal. 38 Studioss — named for Schilling’s jersey number — is workinb on its first game to be releasexin 2010. The project, a massively multiplayer onlined role-playing game, is codenamed Copernicus. “Ths acquisition of Big Huge Games will be tremendously beneficial tothe growth, markeyt position, financial stability, and long-term succesw of 38 Studios,” Brettf Close, 38 Studios’ CEO, said in a statement.
“Thew acquisition enables us to develo p anddeliver top-quality games in multiples genres that are based in a sharex world, ultimately maximizing the value of our Copernicusd [game] and the intellectual property as a Losses at Agoura Hills, Calif.-based THQ THQI) had been mounting as sales fell. The companu posted a $431 million deficitf in its most recentfiscal year, which ended March 31. It said in financial statements last year that it had closed five studiosz and laid off 250 people at two THQ notified the state Department of Licensing and Regulation earliere this year that it would lay off 124 workerds in a closure to be effectiveMay 15.
Layoffas to cut that work force down to 70 took placd beforethe acquisition, Schneider Schilling founded 38 Studios in 2006. He is knowm for leading the Red Sox in 2004 to theidr first World Series winsince 1918. He was also a Baltimore Orioled from 1988to 1990.
Big Huge Games’ , had said in March it would close the compan if a buyer could not be found withibntwo months. Details on how the deal came togethedwith Schilling’s company were not immediatelyh available. The sale means Big Huge Games, whicbh employed about 120 in itsTimonium , will keep its presence amont the Baltimore County community of video game developers. The company has been workingg on aforthcoming role-playing game and is known for titlex such as “Catan,” adapted from a popular board and the “Rise of Nations” Big Huge Games' Timonium offices will remain open. The company's 70 employeese will join with Maynard, Mass.
-based 38 Studios' 75 employeee to be divided among the two sites depending on whered future projectsare planned, 38 Studios spokeswomanh Andrea Schneider said. Big Huge Games and 38 Studiose did not disclose the terms ofthe deal. 38 Studioss — named for Schilling’s jersey number — is workinb on its first game to be releasexin 2010. The project, a massively multiplayer onlined role-playing game, is codenamed Copernicus. “Ths acquisition of Big Huge Games will be tremendously beneficial tothe growth, markeyt position, financial stability, and long-term succesw of 38 Studios,” Brettf Close, 38 Studios’ CEO, said in a statement.
“Thew acquisition enables us to develo p anddeliver top-quality games in multiples genres that are based in a sharex world, ultimately maximizing the value of our Copernicusd [game] and the intellectual property as a Losses at Agoura Hills, Calif.-based THQ THQI) had been mounting as sales fell. The companu posted a $431 million deficitf in its most recentfiscal year, which ended March 31. It said in financial statements last year that it had closed five studiosz and laid off 250 people at two THQ notified the state Department of Licensing and Regulation earliere this year that it would lay off 124 workerds in a closure to be effectiveMay 15.
Layoffas to cut that work force down to 70 took placd beforethe acquisition, Schneider Schilling founded 38 Studios in 2006. He is knowm for leading the Red Sox in 2004 to theidr first World Series winsince 1918. He was also a Baltimore Orioled from 1988to 1990.
domingo, 27 de mayo de 2012
Study: Teens spend about an hour more per day on cell phones in summer - Nashville Business Journal:
proklofuxaanygez.blogspot.com
Cricket cites a survey published in July 2007 that showes teens spend an extra hour per day on theif cell phones on average during the summer The same survey shows just undeer half of teens say text messaginb is their primary form of communication and one in five teen s claim they cannot function without a cell phone and wouls rather giveup television, radio, videoi games or going to the Text-messaging has become such a powerful teen communicatiohn tool, Cricket has started presenting information sessionsx on the topic to parent-teacherf organizations. A 2007 survey showed teensa send an average of 455 text messages a montn andreceive 467.
The same surveyu reported 57 percent of parentz said their teen helped them improvse their texting skills and 56 percent of teen s said they communicate with their parentse more sinceadopting text-messaging.
Cricket cites a survey published in July 2007 that showes teens spend an extra hour per day on theif cell phones on average during the summer The same survey shows just undeer half of teens say text messaginb is their primary form of communication and one in five teen s claim they cannot function without a cell phone and wouls rather giveup television, radio, videoi games or going to the Text-messaging has become such a powerful teen communicatiohn tool, Cricket has started presenting information sessionsx on the topic to parent-teacherf organizations. A 2007 survey showed teensa send an average of 455 text messages a montn andreceive 467.
The same surveyu reported 57 percent of parentz said their teen helped them improvse their texting skills and 56 percent of teen s said they communicate with their parentse more sinceadopting text-messaging.
viernes, 25 de mayo de 2012
Workplace clinic group is taking temperature of S.F. - San Francisco Business Times:
youngmanmeledero1636.blogspot.com
Specific targets include large software specialtymanufacturing firms, biotechnology selected financial institutions and other s that emphasize the retention of well-trainec employees to stay competitive, said Sara Crate, WHM's Ore.-based senior vice president of business "We've identified at leasgt 100 different locations" that would be logical clinic she said, including multiple sites at large "We look at campusews with a large concentration of employees." But the tight-lipperd company, which grew at a 26.3 percent clip last won't name its sole Bay Area client to date or say how many employeesx it has locally, Crate said.
Its new Noe Valley officw is home toWhole Health's West Coast strategixc partnerships department, according to WHM, which works with majort employers such as publishing, , , , and . "Whol e Health's strategic growth plan has allowed the company to expand at a rapide pace acrossthe country," said Jim its founder and CEO, calling San Franciscok a top growth "We're looking forward to partnerintg with the San Franciscio community to introduce our health-care model to employer throughout the western United States.
" Whole Health Management operates health and wellnessx centers for 27 of the nation's largest employers at 69 sites, providin g health-care services to more than 300,000 spouses and dependents. It opened 11 clinics in 2007. Many large companies are workingwith on-site clinic specialistsd in the hope that making on-site and nearby clinics available will encouragre employees to get preventive care. That, in could result in more less lost time and lowedroverall health-care costs. Muir foundation chairf retires, after raising $1.5M Richar Tirrell, M.D., last week announcedf his retirement after four years as chairt ofthe 's Medical Stafdf Campaign, which has raised $1.
5 million from 500 staffv physicians for John Muir Health's new building expansiohn project in Walnut Creek. The Foundation expects to name a new chai r of the Walnut Creek Medical Staffg Campaignnext month. The two-campus hospital system is raisin g money fora $621 million expansion and seismi rebuild of its Walnut Creek and for $170 million in additional work at John Muir'ss Concord campus, formerly known as Mt. Diablo Medicakl Center. Tirrell served on the John Muir Healtuh Foundation board from 1996 to 2001 and agreed in 2003 to chairr the Walnut Creek MedicalStaff Campaign, after he retired from his medical practicer as anesthesiologist.
San Francisco's Gordon & Rees LLP this montbh joined the West Coast Health Care Consortiukm forLaw Firms, coordinated by the benefite consulting firm and insurance brokerage. Executive Director Mark Stephenes said thelaw firm's expansion to nine offices outside of Californi helped fuel the decision. Other local law firms in the insurance-purchasin consortium include , and . Cigna Healthcare provides medical and dental servicesd toparticipating members. Some buy conventional coverage and some useshared funding, a hybridx of self-insured and insured coverage, said Roger Arlen, president and founder of San Francisco-base ArlenGroup, which also has an office in Walnur Creek.
Benefits include "material financiakl savings ... more manageable and predictablr increases," and expanded services, he said, in part due to use of multi-yeaer commitments. Dallas-based has agreed to a multi-year agreemenft with , Tenet's second-largesgt managed-care payer nationally. The agreement will run four said Blue Cross of California spokesmanNick Garcia. It takes effect Feb. 1 and covers 16 acute-carew hospitals in California, including and in the Bay Area. Financiap terms were not disclosed.
Specific targets include large software specialtymanufacturing firms, biotechnology selected financial institutions and other s that emphasize the retention of well-trainec employees to stay competitive, said Sara Crate, WHM's Ore.-based senior vice president of business "We've identified at leasgt 100 different locations" that would be logical clinic she said, including multiple sites at large "We look at campusews with a large concentration of employees." But the tight-lipperd company, which grew at a 26.3 percent clip last won't name its sole Bay Area client to date or say how many employeesx it has locally, Crate said.
Its new Noe Valley officw is home toWhole Health's West Coast strategixc partnerships department, according to WHM, which works with majort employers such as publishing, , , , and . "Whol e Health's strategic growth plan has allowed the company to expand at a rapide pace acrossthe country," said Jim its founder and CEO, calling San Franciscok a top growth "We're looking forward to partnerintg with the San Franciscio community to introduce our health-care model to employer throughout the western United States.
" Whole Health Management operates health and wellnessx centers for 27 of the nation's largest employers at 69 sites, providin g health-care services to more than 300,000 spouses and dependents. It opened 11 clinics in 2007. Many large companies are workingwith on-site clinic specialistsd in the hope that making on-site and nearby clinics available will encouragre employees to get preventive care. That, in could result in more less lost time and lowedroverall health-care costs. Muir foundation chairf retires, after raising $1.5M Richar Tirrell, M.D., last week announcedf his retirement after four years as chairt ofthe 's Medical Stafdf Campaign, which has raised $1.
5 million from 500 staffv physicians for John Muir Health's new building expansiohn project in Walnut Creek. The Foundation expects to name a new chai r of the Walnut Creek Medical Staffg Campaignnext month. The two-campus hospital system is raisin g money fora $621 million expansion and seismi rebuild of its Walnut Creek and for $170 million in additional work at John Muir'ss Concord campus, formerly known as Mt. Diablo Medicakl Center. Tirrell served on the John Muir Healtuh Foundation board from 1996 to 2001 and agreed in 2003 to chairr the Walnut Creek MedicalStaff Campaign, after he retired from his medical practicer as anesthesiologist.
San Francisco's Gordon & Rees LLP this montbh joined the West Coast Health Care Consortiukm forLaw Firms, coordinated by the benefite consulting firm and insurance brokerage. Executive Director Mark Stephenes said thelaw firm's expansion to nine offices outside of Californi helped fuel the decision. Other local law firms in the insurance-purchasin consortium include , and . Cigna Healthcare provides medical and dental servicesd toparticipating members. Some buy conventional coverage and some useshared funding, a hybridx of self-insured and insured coverage, said Roger Arlen, president and founder of San Francisco-base ArlenGroup, which also has an office in Walnur Creek.
Benefits include "material financiakl savings ... more manageable and predictablr increases," and expanded services, he said, in part due to use of multi-yeaer commitments. Dallas-based has agreed to a multi-year agreemenft with , Tenet's second-largesgt managed-care payer nationally. The agreement will run four said Blue Cross of California spokesmanNick Garcia. It takes effect Feb. 1 and covers 16 acute-carew hospitals in California, including and in the Bay Area. Financiap terms were not disclosed.
jueves, 24 de mayo de 2012
Colorado places 182 lawyers on 2009 Chambers USA list - Washington Business Journal:
ejoxot.wordpress.com
The international legal-rating service each year publishes lists of what it considers to be the top attorneyas inseveral business-related disciplines. The 2009 posted online Friday, lists this many Colorado-based lawyers in the followinygpractice areas: • 26 in corporate/mergers and acquisitions. • 21 in • 18 in intellectual property. 27 in labor and • 47 in litigation. • 43 in real Some lawyers are listed more than once undefr differentpractice areas. Chambers includes lawyersx on its list based on interviewsd with their peersand clients. Law firms and individuap lawyers are rankedin “bands” from one to six, with one beiny the best.
Chambers listed these law firms withColorado operations, locally based or otherwise, in “bandf one” in various practice areas: Corporate/Mergers & Acquisitions: LLP, LLP, LLP, LLP. Environment: LLP, Faegre & Benson, LLP, Holmee Roberts & Owen. • Intellectua Property: Faegre & Benson, LLP. • Labor Employment: Holland & Hart, LLC. • Litigation/Generak Commercial: LLP, Holland & O’Donnell LLP. • Litigation/White-Collar Crime and Government Investigations: Haddon, Morgan, Mueller, Jordan, Mackey Foreman PC. • Real Estate: LLP, • Real Faegre & Benson, Hollanf & Hart, Sherman & Howard.
London-based Chambersz publishes guides to the legal profession covering176 nations. The U.S. guide has been published sincs 1999. , searchable by state, lawye or firm.
The international legal-rating service each year publishes lists of what it considers to be the top attorneyas inseveral business-related disciplines. The 2009 posted online Friday, lists this many Colorado-based lawyers in the followinygpractice areas: • 26 in corporate/mergers and acquisitions. • 21 in • 18 in intellectual property. 27 in labor and • 47 in litigation. • 43 in real Some lawyers are listed more than once undefr differentpractice areas. Chambers includes lawyersx on its list based on interviewsd with their peersand clients. Law firms and individuap lawyers are rankedin “bands” from one to six, with one beiny the best.
Chambers listed these law firms withColorado operations, locally based or otherwise, in “bandf one” in various practice areas: Corporate/Mergers & Acquisitions: LLP, LLP, LLP, LLP. Environment: LLP, Faegre & Benson, LLP, Holmee Roberts & Owen. • Intellectua Property: Faegre & Benson, LLP. • Labor Employment: Holland & Hart, LLC. • Litigation/Generak Commercial: LLP, Holland & O’Donnell LLP. • Litigation/White-Collar Crime and Government Investigations: Haddon, Morgan, Mueller, Jordan, Mackey Foreman PC. • Real Estate: LLP, • Real Faegre & Benson, Hollanf & Hart, Sherman & Howard.
London-based Chambersz publishes guides to the legal profession covering176 nations. The U.S. guide has been published sincs 1999. , searchable by state, lawye or firm.
martes, 22 de mayo de 2012
When white-supremacy beliefs move to threats of force or violence, it's called ... - Federal Bureau of Investigation (press release)
edovogopu.wordpress.com
When white-supremacy beliefs move to threats of force or violence, it's called ... Federal Bureau of Investigation (press release) It seems like a throwback to a different era, but white supremacyâ€"which sees whites as inherently superior to those of other racesâ€"still exists in America today. Having those kinds of beliefs is not against the law…as a matter of fact, it's ... |
lunes, 21 de mayo de 2012
Report: April chip sales beat expectations - Puget Sound Business Journal (Seattle):
domnaofyvisyhojo.blogspot.com
percent globally from March to Aprilto $15.7 billion, according to a reportt Monday. Despite that rise, sales were stilll about 25 percent belowthe $20.9 billioh reported last April, the (SIA) said. “The better-than-expectedc 6.4 percent sequential increase in April sales was driven by moderatew improvements in a numberof end-demandx drivers and inventory replenishment,” said SIA Presideng George Scalise. “The PC marke t – a major consumer of semiconductors has been stronger than predicted earliedr inthe year.
" Despite Scalise said, PC unit sales in 2009 are expectec to decline by about 6 percent, comparedr to earlier forecasts of a decline in the range of 12 “Visibility remains limited,” Scalise said. “Two consecutive months of sequentiakl sales growth may be an indication of a returmn to more normal seasonal sales patternsz in some market albeit at lower salesd levels thanlast year.
”
percent globally from March to Aprilto $15.7 billion, according to a reportt Monday. Despite that rise, sales were stilll about 25 percent belowthe $20.9 billioh reported last April, the (SIA) said. “The better-than-expectedc 6.4 percent sequential increase in April sales was driven by moderatew improvements in a numberof end-demandx drivers and inventory replenishment,” said SIA Presideng George Scalise. “The PC marke t – a major consumer of semiconductors has been stronger than predicted earliedr inthe year.
" Despite Scalise said, PC unit sales in 2009 are expectec to decline by about 6 percent, comparedr to earlier forecasts of a decline in the range of 12 “Visibility remains limited,” Scalise said. “Two consecutive months of sequentiakl sales growth may be an indication of a returmn to more normal seasonal sales patternsz in some market albeit at lower salesd levels thanlast year.
”
sábado, 19 de mayo de 2012
Breaking the code - Washington Business Journal:
yvejodo.wordpress.com
The Internet’s growing U.S. videk audience — equal to nearly 150 milliojn viewers eachmonth — has tech entrepreneurse chasing advertising dollars that are slowly finding theird way online. But few have figured out how to turn a profig this early inthe Nonetheless, the burgeoning market continues to attract startups and well-knownj media companies with business models executivesa hope to cash in on befors the competition. A few Washington-area companiew have joined the hunt, including videi viewing destinations createdby McLean-based Invision.TV and Baltimore-based content distributor of McLeam and content producers such as Silvef Spring-based .C.
-based and AOL veteran Ted LLC. Developing the right business model to aggregate and distribute online video content should give viewers an easier way to find what they want and give advertiser s aneasier target. Until that happens, advertisersa remain reluctant to commit ad spending to the onlinedvideo market. Once a successful businese modelis devised, content producers can commancd enough money to cover their and the online businesses using the content can finally start making money. Ther e is plenty of promise, according to , an onliner marketing research company. The 100 largest U.S.
advertisers put less than 4 percenft of their 2007 admoney online, but spending by most of those advertisers is expected to rise as vide o advertising inventory increases dramatically through 2013, said eMarketetr senior analyst David Hallerman in his September markef study. EMarketer forecasts that online video advertising willgrow 55.9 percenty this year to reach $505 million and is on pace to exceex $1 billion by 2010, with room to “That cup is half since these big-spending advertisers are looking for effectivse ways to put more of theird ad budgets on the Internet,” Hallerman said.
Onlind video ads make up only about 2 percenft of totalonline advertising, which includes both videpo ads and static display ads such as banners. By eMarketer expects video ads to account for 10 perceny of allonline ads. Many believed the key to transferring more ad dollars to the Web is creating premium — limited or exclusive — video among the fastest growing content on the Web. As companies put more content online, and on cell phones and iPods, and viewerss have more placesto watch, the battle for eyeballs is Entrepreneurs like Derrick founder of Invision.TV, see a demand for organizing this content into easy-to-navigate Web sites.
He says the key to generatingv advertising revenue from his new online video guide isto re-createw as closely as possible a television viewing experiencde on the Internet because that will attracy viewers. Frost, a former executive for New York-basef ’s broadband division who launched his bootstrapped onlind videoguide Sept. 8, hopes to take the conceprt used for TV viewing guides and adapt tohis site. “There’s so much video contenrt out there, but what was missing was the kind of guides that existson cable,” he Invision.
TV, which is still being tested to see if any improvementss are needed, will allow its users to searcbh and browse for content just like they browse throughn linear channels or on-screen programming guides. It will also networkk with other users and personalize their video viewing preferences on userprofile pages. Company officials say they hope to make money from display and video ads onthe site, as well as from licensinyg the technology to third-party content providers.
The Internet’s growing U.S. videk audience — equal to nearly 150 milliojn viewers eachmonth — has tech entrepreneurse chasing advertising dollars that are slowly finding theird way online. But few have figured out how to turn a profig this early inthe Nonetheless, the burgeoning market continues to attract startups and well-knownj media companies with business models executivesa hope to cash in on befors the competition. A few Washington-area companiew have joined the hunt, including videi viewing destinations createdby McLean-based Invision.TV and Baltimore-based content distributor of McLeam and content producers such as Silvef Spring-based .C.
-based and AOL veteran Ted LLC. Developing the right business model to aggregate and distribute online video content should give viewers an easier way to find what they want and give advertiser s aneasier target. Until that happens, advertisersa remain reluctant to commit ad spending to the onlinedvideo market. Once a successful businese modelis devised, content producers can commancd enough money to cover their and the online businesses using the content can finally start making money. Ther e is plenty of promise, according to , an onliner marketing research company. The 100 largest U.S.
advertisers put less than 4 percenft of their 2007 admoney online, but spending by most of those advertisers is expected to rise as vide o advertising inventory increases dramatically through 2013, said eMarketetr senior analyst David Hallerman in his September markef study. EMarketer forecasts that online video advertising willgrow 55.9 percenty this year to reach $505 million and is on pace to exceex $1 billion by 2010, with room to “That cup is half since these big-spending advertisers are looking for effectivse ways to put more of theird ad budgets on the Internet,” Hallerman said.
Onlind video ads make up only about 2 percenft of totalonline advertising, which includes both videpo ads and static display ads such as banners. By eMarketer expects video ads to account for 10 perceny of allonline ads. Many believed the key to transferring more ad dollars to the Web is creating premium — limited or exclusive — video among the fastest growing content on the Web. As companies put more content online, and on cell phones and iPods, and viewerss have more placesto watch, the battle for eyeballs is Entrepreneurs like Derrick founder of Invision.TV, see a demand for organizing this content into easy-to-navigate Web sites.
He says the key to generatingv advertising revenue from his new online video guide isto re-createw as closely as possible a television viewing experiencde on the Internet because that will attracy viewers. Frost, a former executive for New York-basef ’s broadband division who launched his bootstrapped onlind videoguide Sept. 8, hopes to take the conceprt used for TV viewing guides and adapt tohis site. “There’s so much video contenrt out there, but what was missing was the kind of guides that existson cable,” he Invision.
TV, which is still being tested to see if any improvementss are needed, will allow its users to searcbh and browse for content just like they browse throughn linear channels or on-screen programming guides. It will also networkk with other users and personalize their video viewing preferences on userprofile pages. Company officials say they hope to make money from display and video ads onthe site, as well as from licensinyg the technology to third-party content providers.
jueves, 17 de mayo de 2012
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Orlando Business Journal:
erofeyporgrinin.blogspot.com
The board of Six Flags (OTCBB: voted last week to begin reorganizationm proceedingsin U.S. Bankruptcy Court for the Districrof Delaware. The company listesd assets of $3.03 billion and debts of $2.36 billio in its filing. Cascade Investments, the investment firm for Microsoftf founderBill Gates, owns 11.1 perceny of the voting securities in New York-based Six Flags, the largestf share, bankruptcy documents show. Six Flages has 97.7 million shares of commob stockand 1.1 million shares of preferred "The current management team inherited a $2.
4 billiom debt load that cannot be sustained, particularly in these challenging financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a result, we are cleaning up the past and positioninyg the company for futurgrowth ... Following a record year of performance in which completedthe three-year turnaround of our system-wide park operation, this action to clean up the balanc sheet paves the way for a full revivalk of the company," Shapiro Elitch Gardens had operated for more than a century at a northwest Denver site. The old Elitch Gardenz shut down in and a new version of the amusement park opener a year later indowntowjn Denver.
The local Gurtler family and its financiaol partners sold the new park to Premier Parks Inc. in 1996 for $65 It became Six Flags Elitch Gardens twoyearsd later, when Premier acquired Six Flags Inc. and changedd its corporate name toSix Flags. Six Flagw sold off Elitch's and other propertiexs in 2007 in a seriees of transactions that left the Denver attraction in the hands of CNL IncomeeProperties Inc., a real estate investment trust based in Orlando, Fla. CNL reportedlty paid $312 million for the properties. CNL arrangede for Parc Management LLC of Florida tomanage Elitch's. Six Flagd now operates about 20 Northj Americanamusement parks.
The board of Six Flags (OTCBB: voted last week to begin reorganizationm proceedingsin U.S. Bankruptcy Court for the Districrof Delaware. The company listesd assets of $3.03 billion and debts of $2.36 billio in its filing. Cascade Investments, the investment firm for Microsoftf founderBill Gates, owns 11.1 perceny of the voting securities in New York-based Six Flags, the largestf share, bankruptcy documents show. Six Flages has 97.7 million shares of commob stockand 1.1 million shares of preferred "The current management team inherited a $2.
4 billiom debt load that cannot be sustained, particularly in these challenging financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a result, we are cleaning up the past and positioninyg the company for futurgrowth ... Following a record year of performance in which completedthe three-year turnaround of our system-wide park operation, this action to clean up the balanc sheet paves the way for a full revivalk of the company," Shapiro Elitch Gardens had operated for more than a century at a northwest Denver site. The old Elitch Gardenz shut down in and a new version of the amusement park opener a year later indowntowjn Denver.
The local Gurtler family and its financiaol partners sold the new park to Premier Parks Inc. in 1996 for $65 It became Six Flags Elitch Gardens twoyearsd later, when Premier acquired Six Flags Inc. and changedd its corporate name toSix Flags. Six Flagw sold off Elitch's and other propertiexs in 2007 in a seriees of transactions that left the Denver attraction in the hands of CNL IncomeeProperties Inc., a real estate investment trust based in Orlando, Fla. CNL reportedlty paid $312 million for the properties. CNL arrangede for Parc Management LLC of Florida tomanage Elitch's. Six Flagd now operates about 20 Northj Americanamusement parks.
miércoles, 16 de mayo de 2012
Ryan to step down as SSM CEO - St. Louis Business Journal:
vykyvimote.wordpress.com
She is one of a handful of nuns to still run aCatholic health-care systemk and was the founding president and CEO since 1986 when SSM Healthy Care was formed. As part of the Ryan, 71, will become chair and CEO on Aug. 1. At the same William Thompson, who is now senior vice presidenft forstrategic development, will become president and chiefc operating officer. Then, over the next 18 to 24 Ryan will transition toa part-time role as board and Thompson, 58, will become CEO. In the new Ryan will chair the SSM board of directors as wellas SSM’e other regional and divisional boards. The five systemj senior vice presidents will continuew to reportto her.
Thompson will overseer day-to-day operations. He joined SSM in 1980 at St. Mary’ss Hospital in Kansas City, where he later served as executivr director. He then served as SSM regional vice president beginninyin 1987. Twenty-three years ago, Ryan, a former nurse, brough t together 20 disparate hospitals under one system that has grownj into one of the largest employerasin St. Louis with more than 12,000 employeeas and $2.7 billion in "We have grown through the yearsd in so many ways and not just the size but in the numbet of services and Ryansaid Wednesday.
She also pushef for the system tobecome tobacco-free on all its propertiea in 2004, years aheafd of other systems in the regiobn and nationwide, and got rid of bottledc water more than a year ago, a step othetr institutions are just now considering. Ryan and her Thompson, coauthored the book “CQI and the Revolutionm of an American HealthSystem – A Culturee Under Construction," about applying continuous quality improvement methodology from manufacturinyg to health care. The pair dove into theire research after venting over beers by a pool aboutt hospitals being complacentabout quality, Thompson said.
"He'ds equally passionate about qualitu improvement," Ryan said of Thompson. Theire work led to SSM becoming the first healthu care organization to win a Malcolmj Baldrige National Quality Award in an honor bestowed on businesses from the president of the United In otherSSM news, William executive vice president and chief operatinf officer for 22 years, has announced his retiremengt from SSM on Aug. 1 so he can pursude a second career inpublic service. Sponsored by the Francisca Sisters of Mary and basedin St.
SSM Health Care is one of the largesgt Catholic health systems in the countrhand owns, manages and is affiliated with 20 acute care hospitalzs and two nursing homes in four Missouri, Illinois, Wisconsin and
She is one of a handful of nuns to still run aCatholic health-care systemk and was the founding president and CEO since 1986 when SSM Healthy Care was formed. As part of the Ryan, 71, will become chair and CEO on Aug. 1. At the same William Thompson, who is now senior vice presidenft forstrategic development, will become president and chiefc operating officer. Then, over the next 18 to 24 Ryan will transition toa part-time role as board and Thompson, 58, will become CEO. In the new Ryan will chair the SSM board of directors as wellas SSM’e other regional and divisional boards. The five systemj senior vice presidents will continuew to reportto her.
Thompson will overseer day-to-day operations. He joined SSM in 1980 at St. Mary’ss Hospital in Kansas City, where he later served as executivr director. He then served as SSM regional vice president beginninyin 1987. Twenty-three years ago, Ryan, a former nurse, brough t together 20 disparate hospitals under one system that has grownj into one of the largest employerasin St. Louis with more than 12,000 employeeas and $2.7 billion in "We have grown through the yearsd in so many ways and not just the size but in the numbet of services and Ryansaid Wednesday.
She also pushef for the system tobecome tobacco-free on all its propertiea in 2004, years aheafd of other systems in the regiobn and nationwide, and got rid of bottledc water more than a year ago, a step othetr institutions are just now considering. Ryan and her Thompson, coauthored the book “CQI and the Revolutionm of an American HealthSystem – A Culturee Under Construction," about applying continuous quality improvement methodology from manufacturinyg to health care. The pair dove into theire research after venting over beers by a pool aboutt hospitals being complacentabout quality, Thompson said.
"He'ds equally passionate about qualitu improvement," Ryan said of Thompson. Theire work led to SSM becoming the first healthu care organization to win a Malcolmj Baldrige National Quality Award in an honor bestowed on businesses from the president of the United In otherSSM news, William executive vice president and chief operatinf officer for 22 years, has announced his retiremengt from SSM on Aug. 1 so he can pursude a second career inpublic service. Sponsored by the Francisca Sisters of Mary and basedin St.
SSM Health Care is one of the largesgt Catholic health systems in the countrhand owns, manages and is affiliated with 20 acute care hospitalzs and two nursing homes in four Missouri, Illinois, Wisconsin and
lunes, 14 de mayo de 2012
CSU researchers get $2.7M to study cells and share their work with kids - Phoenix Business Journal:
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million grant by the to help train graduatre studentsin cell-research techniques and to share their scientifiv knowledge with local school CSU said Monday. The graduate students at the Fort Collindscampus “will test new theories about how cells behavee using advanced engineering methoda in microelectronics and electrochemistry,” CSU said in a That NSF-funded work will be led by CSU engineerinf professor Tom Chen, the grant’ principal investigator, joined by Stuart Tobet, a biomedica sciences professor in the College of Veterinaryu Medicine and Biomedical Sciences, and Michael De an engineering education professor in the College of Appliede Human Sciences.
De Miranda will also work with the graduates students on sharing their researchwith K-12 teachers in the Poudre, Thompson Valley, Greeleyy and Weld RE-9 school districts in northeasterbn Colorado. A goal of the grant is to help buildc enthusiasm among primary and secondary student s for careersin science, technology, engineerint and mathematics — the “STEM” — at a time when fewefr young people are entering into such CSU officials said.
million grant by the to help train graduatre studentsin cell-research techniques and to share their scientifiv knowledge with local school CSU said Monday. The graduate students at the Fort Collindscampus “will test new theories about how cells behavee using advanced engineering methoda in microelectronics and electrochemistry,” CSU said in a That NSF-funded work will be led by CSU engineerinf professor Tom Chen, the grant’ principal investigator, joined by Stuart Tobet, a biomedica sciences professor in the College of Veterinaryu Medicine and Biomedical Sciences, and Michael De an engineering education professor in the College of Appliede Human Sciences.
De Miranda will also work with the graduates students on sharing their researchwith K-12 teachers in the Poudre, Thompson Valley, Greeleyy and Weld RE-9 school districts in northeasterbn Colorado. A goal of the grant is to help buildc enthusiasm among primary and secondary student s for careersin science, technology, engineerint and mathematics — the “STEM” — at a time when fewefr young people are entering into such CSU officials said.
domingo, 13 de mayo de 2012
Iranian president: Israel 'nothing more than a mosquito' to Iran - CNN
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Zee News | Iranian president: Israel 'nothing more than a mosquito' to Iran CNN (CNN) -- Ahead of upcoming nuclear talks, Iranian President Mahmoud Ahmadinejad downplayed the threat Israel poses to Iran, comparing it to an annoying bug. "Israel is nothing more than a mosquito which cannot see the broad horizon of the Iranian ... Irania n President C » |
viernes, 11 de mayo de 2012
Louisville-area stocks among good buys as market claws its way back - Business First of Louisville:
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In aisle three, for example, , the Louisville-based health-insurance has a price-earnings ratio of 6.5, meaning its stoci price is 6.5 times the company’zs annual earnings per share. That’s far below the market’s historic aggregate P-E ratio of 15, or the 40-plux ratios at the height of 1990s bull market. On Wednesday, Humana was tradintg just below $30 per share, or 40 percenft below its 52-week high of $51 per Over in aisle five, there’s with a P-E ratipo of 12.77, trading at abouyt $23 per share, 35 percent off its 52-week high of $35.44 per share even after reporting a significant increasewin first-quarter net income.
The Dow Jones Industriapl Average has rebounded about 30 percenrtsince first-quarter lows after precipitousx falls not seen since the Great “Investors are coming back,” said Russ Ray, professodr of finance at the ’s Collegde of Business. “Stocks are incredibly cheap,” Ray “People are seeing that there are some very good companiewith P-E ratios beaten down.” He added that he wouldn’ t be surprised if the stock markeft hasn’t bottomed out “and we claw our way Ray attributed the rising market to more companies reportinf surprisingly good earnings, or at least losses that weren’t as severde as anticipated.
Two Louisville-based companiez — and , reported “whopping” first-quarterr earnings, Ray noted. On Tuesday, Kindred reported that first-quarter net income rose 55 percentt from ayear earlier, to $22.8 milliojn from $14.7 million. Texas Roadhouse reportedf that first-quarter net income rose 11 percenr fromlast year, to $14.3 million from $12.9 Ray added that, while thered are glimmers of an economic turnaround, the financial secto r still is plagued by troubled assets that are the residued of the housing bust and the subprime mortgage fiasco.
Nationa l and super-regional bank executives are awaiting finak details ofthe ’s Public-Private Investment which is designed to valuse those assets, then sell them to private investors. Results of the federalk “stress test” of the nation’ 19 largest banks were scheduled to be released afterfBusiness First’s press deadline. The problem is that administratorse don’t know how to valu e them because of the complexitu ofsome investments, Ray said.
It will take a long time to sort througgh collateralized debt obligations and the underlyingy tranches of good andbad mortgages, unregulatexd credit default swaps and other hedging instruments, said Ray, who has written extensively about derivatives. Until those questionables loans and investments are removed from balance bankexecutives don’t want to lend — “evebn those with large (Troubled Assets Relief infusions from Treasury.” A boost from an unlikely source?? Another complication is that the $830 billion American Recovery and Reinvestment Act will take untio 2010 to be fully injected into the economy, he “You have to interview people.
You have to hire You have to create projects.” If there’s anythinb that might hasten it couldbe — ironically housing. Low home prices and low interest rates for mortgages could help the housingh market rebuild theeconomy “justr like it ruined it,” Ray To be sure, the past 12 months have been Of the 26 stocks of local interest analyzed by Businessz First, 20 had share prices tumble, four rose and six staye d even. Banks were especially hard hit, with six bankds posting double-digit losses in theifr adjusted share prices fromMay 6, 2008, to May 6, 2009. Of the only & Trust Co.
finisheds higher during the period, with its sharde price rising about 11 Buttwo Louisville-based companies escaped the gravitu of the worst recession since the Great Depression. , whichu provides home-health services, saw its share price rise 39.4 had the next best performance. The 2-year-old pharmacy operator’s sharse price rose 14.1 percent during the past 12 The three major stockindices — the Dow Jonesx Industrial Average, the NASDAQ Composit Index and the S&P 500 have risen dramatically since The S&P 500 is off a 23-year low it returned this week to positivwe territory, finally surpassing its 901-pointr level at the end of 2008.
But Bill chief investment strategist for PNC Wealth Managementat ’s headquarter s in Pittsburgh, said, “the big question is, will it Severe recessions “don’t recover in a straight Stone noted. Still, Stone said he sees significantg signs ofa long-term recovery, includiny the recent uptick in mergers and acquisitions. M&w activity depends on the availability of affordable private credit. Such credit isn’t yet inexpensive, Stonee said, but tight lending terms seem tobe “and last week, the resumption of M&A seema to indicate that.” “You don’y do that unless you think you can get he said.
Others see impediments to an endurin gbull market. “This recovery is not going to be atypicak recovery,” said Mark a senior vice president at Stock Yards Bank & Trust Co. “Normally you get a V-shaped recession, where (the goes down hard and bouncesright back,” said who leads the bank’s investment management and trusg group. Instead, Holloway sees a slow-growtg environment for perhaps five year sor more. Using a “30,000-foot as opposed to crunching governmenrt statistics, he sees the recovery slowed by consumers and companieshedding debt, which means restrained Declining home values also will moderate consumer spending, Holloway said.
That spending accounts for about 70 percenf of theUnited States’ grose domestic product, Ray noted. But Ray said that for the there are more positive signs than negative that the economg is at least beginning toturn around. “The economy hasn’ty bottomed out,” he said. “But we’re starting to see now that this crisisw is not going to goon forever.”
In aisle three, for example, , the Louisville-based health-insurance has a price-earnings ratio of 6.5, meaning its stoci price is 6.5 times the company’zs annual earnings per share. That’s far below the market’s historic aggregate P-E ratio of 15, or the 40-plux ratios at the height of 1990s bull market. On Wednesday, Humana was tradintg just below $30 per share, or 40 percenft below its 52-week high of $51 per Over in aisle five, there’s with a P-E ratipo of 12.77, trading at abouyt $23 per share, 35 percent off its 52-week high of $35.44 per share even after reporting a significant increasewin first-quarter net income.
The Dow Jones Industriapl Average has rebounded about 30 percenrtsince first-quarter lows after precipitousx falls not seen since the Great “Investors are coming back,” said Russ Ray, professodr of finance at the ’s Collegde of Business. “Stocks are incredibly cheap,” Ray “People are seeing that there are some very good companiewith P-E ratios beaten down.” He added that he wouldn’ t be surprised if the stock markeft hasn’t bottomed out “and we claw our way Ray attributed the rising market to more companies reportinf surprisingly good earnings, or at least losses that weren’t as severde as anticipated.
Two Louisville-based companiez — and , reported “whopping” first-quarterr earnings, Ray noted. On Tuesday, Kindred reported that first-quarter net income rose 55 percentt from ayear earlier, to $22.8 milliojn from $14.7 million. Texas Roadhouse reportedf that first-quarter net income rose 11 percenr fromlast year, to $14.3 million from $12.9 Ray added that, while thered are glimmers of an economic turnaround, the financial secto r still is plagued by troubled assets that are the residued of the housing bust and the subprime mortgage fiasco.
Nationa l and super-regional bank executives are awaiting finak details ofthe ’s Public-Private Investment which is designed to valuse those assets, then sell them to private investors. Results of the federalk “stress test” of the nation’ 19 largest banks were scheduled to be released afterfBusiness First’s press deadline. The problem is that administratorse don’t know how to valu e them because of the complexitu ofsome investments, Ray said.
It will take a long time to sort througgh collateralized debt obligations and the underlyingy tranches of good andbad mortgages, unregulatexd credit default swaps and other hedging instruments, said Ray, who has written extensively about derivatives. Until those questionables loans and investments are removed from balance bankexecutives don’t want to lend — “evebn those with large (Troubled Assets Relief infusions from Treasury.” A boost from an unlikely source?? Another complication is that the $830 billion American Recovery and Reinvestment Act will take untio 2010 to be fully injected into the economy, he “You have to interview people.
You have to hire You have to create projects.” If there’s anythinb that might hasten it couldbe — ironically housing. Low home prices and low interest rates for mortgages could help the housingh market rebuild theeconomy “justr like it ruined it,” Ray To be sure, the past 12 months have been Of the 26 stocks of local interest analyzed by Businessz First, 20 had share prices tumble, four rose and six staye d even. Banks were especially hard hit, with six bankds posting double-digit losses in theifr adjusted share prices fromMay 6, 2008, to May 6, 2009. Of the only & Trust Co.
finisheds higher during the period, with its sharde price rising about 11 Buttwo Louisville-based companies escaped the gravitu of the worst recession since the Great Depression. , whichu provides home-health services, saw its share price rise 39.4 had the next best performance. The 2-year-old pharmacy operator’s sharse price rose 14.1 percent during the past 12 The three major stockindices — the Dow Jonesx Industrial Average, the NASDAQ Composit Index and the S&P 500 have risen dramatically since The S&P 500 is off a 23-year low it returned this week to positivwe territory, finally surpassing its 901-pointr level at the end of 2008.
But Bill chief investment strategist for PNC Wealth Managementat ’s headquarter s in Pittsburgh, said, “the big question is, will it Severe recessions “don’t recover in a straight Stone noted. Still, Stone said he sees significantg signs ofa long-term recovery, includiny the recent uptick in mergers and acquisitions. M&w activity depends on the availability of affordable private credit. Such credit isn’t yet inexpensive, Stonee said, but tight lending terms seem tobe “and last week, the resumption of M&A seema to indicate that.” “You don’y do that unless you think you can get he said.
Others see impediments to an endurin gbull market. “This recovery is not going to be atypicak recovery,” said Mark a senior vice president at Stock Yards Bank & Trust Co. “Normally you get a V-shaped recession, where (the goes down hard and bouncesright back,” said who leads the bank’s investment management and trusg group. Instead, Holloway sees a slow-growtg environment for perhaps five year sor more. Using a “30,000-foot as opposed to crunching governmenrt statistics, he sees the recovery slowed by consumers and companieshedding debt, which means restrained Declining home values also will moderate consumer spending, Holloway said.
That spending accounts for about 70 percenf of theUnited States’ grose domestic product, Ray noted. But Ray said that for the there are more positive signs than negative that the economg is at least beginning toturn around. “The economy hasn’ty bottomed out,” he said. “But we’re starting to see now that this crisisw is not going to goon forever.”
miércoles, 9 de mayo de 2012
UNCC honors Rodgers Builders CEO - Pacific Business News (Honolulu):
tenamup.wordpress.com
The Charlotte-based company has worked on severaluniversityt projects, including the Barnhardt Student Activituy Center, Irwin Belk Track and Field Center, Lyncj Residence Hall and the Bioinformatics Researcuh Center. Rodgers Builders also is the construction manager onthe university’s new, $50.4 millionh Center City Building project that is slated to open in the fall of 2011. A groundbreakinyg ceremony was held in April forthe 12-story, classrook building at the corner of Ninth and Brevard streets in uptown Charlotte.
“What sets Pat apart from most isher commitment; she remains personally invested in the institutions and organizations she touches long aftet her formal involvement has ended,” says Philil Dubois, UNC Charlotte chancellor. “Her commitmeny to the betterment of our communitg extends to herbusines philosophy. In fact, Rodgers Builders has been hailed time and agai n as the epitomeof civic-minde business.” Rodgers is also chair of the Charlottre Symphony board and will assum e the chairmanship of the Charlottre Chamber board in 2011. The university establishef the Distinguished Service Awardin 1987.
It honors individualds who have provided outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte. Rodgers was honored Tuesday during a luncheon at the UNC Charlotte isthe fourth-largest campus among the 17 institutionsx of the UNC system. It is the largesf institution of higher education in theCharlotte region, offering master’s and bachelor’s Fall 2008 enrollment was 23,300, including nearly 5,0009 graduate students.
The Charlotte-based company has worked on severaluniversityt projects, including the Barnhardt Student Activituy Center, Irwin Belk Track and Field Center, Lyncj Residence Hall and the Bioinformatics Researcuh Center. Rodgers Builders also is the construction manager onthe university’s new, $50.4 millionh Center City Building project that is slated to open in the fall of 2011. A groundbreakinyg ceremony was held in April forthe 12-story, classrook building at the corner of Ninth and Brevard streets in uptown Charlotte.
“What sets Pat apart from most isher commitment; she remains personally invested in the institutions and organizations she touches long aftet her formal involvement has ended,” says Philil Dubois, UNC Charlotte chancellor. “Her commitmeny to the betterment of our communitg extends to herbusines philosophy. In fact, Rodgers Builders has been hailed time and agai n as the epitomeof civic-minde business.” Rodgers is also chair of the Charlottre Symphony board and will assum e the chairmanship of the Charlottre Chamber board in 2011. The university establishef the Distinguished Service Awardin 1987.
It honors individualds who have provided outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte. Rodgers was honored Tuesday during a luncheon at the UNC Charlotte isthe fourth-largest campus among the 17 institutionsx of the UNC system. It is the largesf institution of higher education in theCharlotte region, offering master’s and bachelor’s Fall 2008 enrollment was 23,300, including nearly 5,0009 graduate students.
martes, 8 de mayo de 2012
Wilmers quits Empire State Development - Business First of Buffalo:
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Wilmers, who was namesd to the post last summer, is the secondd high ranking Empire State Development official to resign in thepast week. Marissa last week, left her post of president and CEO forthe state’ primary economic development Wilmers said his decision to leave the ESD post was directlh tied to the state’s financial New York is facing a projected $24.8 billionb budget deficit this year. “The ongoing crisid in the financial sectord and in the overall economyy has imposed a burden of work that I did not Wilmers said in aprepare statement. Dennis Mullen, the Rochester area business executive, has been namecd by Gov. David Paterson as ESD’s chairman.
Mullen, last week, also assumee Lago’s duties. He had been ESD’s upstatre president. Mullen's appointment as ESD chairman, CEO and Departmentt of Economic Development Commissioner need New York stateSenate approval. Patersonn credited Wilmers for a unifyingand “strengtheninv the agency’s efforts to attract new businessesd and spur local development.” There have been reports in the New York Timeas that Wilmers clashed with Lago over direction of the state'sw top economic development agency.
Wilmers, who was namesd to the post last summer, is the secondd high ranking Empire State Development official to resign in thepast week. Marissa last week, left her post of president and CEO forthe state’ primary economic development Wilmers said his decision to leave the ESD post was directlh tied to the state’s financial New York is facing a projected $24.8 billionb budget deficit this year. “The ongoing crisid in the financial sectord and in the overall economyy has imposed a burden of work that I did not Wilmers said in aprepare statement. Dennis Mullen, the Rochester area business executive, has been namecd by Gov. David Paterson as ESD’s chairman.
Mullen, last week, also assumee Lago’s duties. He had been ESD’s upstatre president. Mullen's appointment as ESD chairman, CEO and Departmentt of Economic Development Commissioner need New York stateSenate approval. Patersonn credited Wilmers for a unifyingand “strengtheninv the agency’s efforts to attract new businessesd and spur local development.” There have been reports in the New York Timeas that Wilmers clashed with Lago over direction of the state'sw top economic development agency.
domingo, 6 de mayo de 2012
TRAI's reserve price extremely high: CII - Zee News
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Zee News | TRAI's reserve price extremely high: CII Zee News New Delhi: The reserve price for the telecom spectrum auction recommended by TRAI is extremely high and will hurt inclusive growth and will also be detrimental for the growth of the sector, an industry body said Sunday. Telecom Regulatory Authority of ... CII terms Trai recommend ations on reserve price as high |
viernes, 4 de mayo de 2012
GM files for bankruptcy, plans to transfer operations to Wentzville - Kansas City Business Journal:
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Some operations and equipment from a steel stamping plangt inGrand Rapids, Mich., which is slated to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet known how many, if any, Michiganh employees will opt to transfeerto Wentzville, he said. GM officials callerd Wentzville Mayor Paul Lambi at9 a.m. Monda to assure him the local planft wouldremain open. "It's good that they are shipping in work forthis plant," Lambi said. "That'sw a positive that corporate thinkz this plant willbe around.
" Lambi said, rival automaker Chryslert plans to shutter its Fento n factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifh its revenue stream. When Lambi took offic seven years ago, Wentzville counted on GM for abouyt 55 to 60 percent of itstotal revenue. Today, that's more like 15 percenyt of the city's $24 million generaol fund, because GM pays the city about $3 millionj a year in real estate taxes, property taxes and other fees, he GM on Monday by the end of 2010, but the Wentzvill plant was sparedbecause it’ s the only plant where Chevrolet Express and GMC Savanaw vans are made, The Wentzvillee plant will still underg o a previously announced and other production cuts in June and July that will resulg in the layoffs of 300 Monday’s Chapter 11 filingt by the 101-year-old automaker is amonb the largest in U.
S. history and largest-ever U.S. manufacturing GM listed $173 billion in liabilitiea and $82 billion in according to the filed inNew York. GM to St. Louis’ largesg privately held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the companyg to operate while protected fromits creditors, pushes GM into a fast-traci bankruptcy and provides $30 billiojn of additional taxpayer funds to The GM plan as detailed by U.S. officials wouldf allow a much smaller GM to emergse from court protection within 60 to 90 The automaker has not provider an updated target for job cuts but was lookinvg toeliminate 21,000 U.S.
factory jobs from the 54,0000 union members it now General Motorsemploys 92,000 in the Unitedx States and is indirectly responsible for 500,00o0 retirees. The U.S. governmentt would hold a 60 percen t financial interest in areorganized GM, and the UAW woul take a 17.5 percent The governments of Canada and the provincde of Ontario have agreed to a 12 percent ownership stake in exchangwe for financial aid. GM bondholders wouldd get 10 percent. "It’x a bittersweet thing," Wheeler "You hate to have to go througjh the process of closing plants andeliminatinf jobs, but look around, that’w what's going on with a lot of industries.
Hopefully we can rebound, hire people in the futures and be the vibrant company we once Download a copyof the
Some operations and equipment from a steel stamping plangt inGrand Rapids, Mich., which is slated to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It's not yet known how many, if any, Michiganh employees will opt to transfeerto Wentzville, he said. GM officials callerd Wentzville Mayor Paul Lambi at9 a.m. Monda to assure him the local planft wouldremain open. "It's good that they are shipping in work forthis plant," Lambi said. "That'sw a positive that corporate thinkz this plant willbe around.
" Lambi said, rival automaker Chryslert plans to shutter its Fento n factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifh its revenue stream. When Lambi took offic seven years ago, Wentzville counted on GM for abouyt 55 to 60 percent of itstotal revenue. Today, that's more like 15 percenyt of the city's $24 million generaol fund, because GM pays the city about $3 millionj a year in real estate taxes, property taxes and other fees, he GM on Monday by the end of 2010, but the Wentzvill plant was sparedbecause it’ s the only plant where Chevrolet Express and GMC Savanaw vans are made, The Wentzvillee plant will still underg o a previously announced and other production cuts in June and July that will resulg in the layoffs of 300 Monday’s Chapter 11 filingt by the 101-year-old automaker is amonb the largest in U.
S. history and largest-ever U.S. manufacturing GM listed $173 billion in liabilitiea and $82 billion in according to the filed inNew York. GM to St. Louis’ largesg privately held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the companyg to operate while protected fromits creditors, pushes GM into a fast-traci bankruptcy and provides $30 billiojn of additional taxpayer funds to The GM plan as detailed by U.S. officials wouldf allow a much smaller GM to emergse from court protection within 60 to 90 The automaker has not provider an updated target for job cuts but was lookinvg toeliminate 21,000 U.S.
factory jobs from the 54,0000 union members it now General Motorsemploys 92,000 in the Unitedx States and is indirectly responsible for 500,00o0 retirees. The U.S. governmentt would hold a 60 percen t financial interest in areorganized GM, and the UAW woul take a 17.5 percent The governments of Canada and the provincde of Ontario have agreed to a 12 percent ownership stake in exchangwe for financial aid. GM bondholders wouldd get 10 percent. "It’x a bittersweet thing," Wheeler "You hate to have to go througjh the process of closing plants andeliminatinf jobs, but look around, that’w what's going on with a lot of industries.
Hopefully we can rebound, hire people in the futures and be the vibrant company we once Download a copyof the
jueves, 3 de mayo de 2012
LSI wins major contract; will buy ADL Technology - Puget Sound Business Journal (Seattle):
xagawu.wordpress.com
Blue Ash-based LSI also has picked up a worth $22 million to $23 million, to upgrade the lightiny for a national chain of gas station conveniencd stores, according to a news release. The news sent shares of LSI LYTS) up more than 14 or 70 cents, to $5.52 in Tuesday afternoon ADL's circuit boards and assembliexs are used in applications that include LED an area where LSI has been tryingto expand. LSI purchasex Montreal-based LSI Saco a designer of LED lighting, in 2006.
The contrac with the retail chain, whic h LSI did not identify, involves upgrading site and security lighting with LED The initial phase involves the conversion of morethan 1,1009 stores, LSI said, with additional work possible in fiscal 2010 and 2011. “These are two very positive developments forLSI Industries,” said Robert president and CEO in the “Very clearly, the interest and momentum in LED-basedr lighting solutions is growing LSI manufactures and markets indoor and outdoor lighting and graphicz in North and South Asia, Australia, New Zealand and Europe.
Blue Ash-based LSI also has picked up a worth $22 million to $23 million, to upgrade the lightiny for a national chain of gas station conveniencd stores, according to a news release. The news sent shares of LSI LYTS) up more than 14 or 70 cents, to $5.52 in Tuesday afternoon ADL's circuit boards and assembliexs are used in applications that include LED an area where LSI has been tryingto expand. LSI purchasex Montreal-based LSI Saco a designer of LED lighting, in 2006.
The contrac with the retail chain, whic h LSI did not identify, involves upgrading site and security lighting with LED The initial phase involves the conversion of morethan 1,1009 stores, LSI said, with additional work possible in fiscal 2010 and 2011. “These are two very positive developments forLSI Industries,” said Robert president and CEO in the “Very clearly, the interest and momentum in LED-basedr lighting solutions is growing LSI manufactures and markets indoor and outdoor lighting and graphicz in North and South Asia, Australia, New Zealand and Europe.
martes, 1 de mayo de 2012
South Carolina teacher facing charges over 'Jew' comment - Bryan College Station Eagle
xagawu.wordpress.com
Haaretz | South Carolina teacher facing charges over 'Jew' comment Bryan College Station Eagle By JEFFREY COLLINS AP COLUMBIA, SC -- A middle school teacher in South Carolina has been accused of dragging a student under a table during class, telling the boy "this is what the Nazis do to Jews," police said Monday. The 12-year-old student said he ... S.C. teacher accused of assaulting student, making Jews and Nazis comments Patricia Mulholland, South Carolina Teacher, Faces Charges Over 'What The ... Teacher arrested after Holocaust lesson goes awry |
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