tulusenoveb.blogspot.com
million purchase order that could grow tonearly $27 million over the next 18 Mobile Armor, headquartered in Town and Country, will providew security software to protect information on militaryh computers, smart phones, personal digital assistants, and othe r mobile computing and data storage devices. The initial orderd covers 100,000 user licenses, but coulcd expand to as many as 850,000 Army users, said Joanb Underwood, branch chief for Army Contracting Command The deal represents the first big win for Mobilr Armor since it was chosen last June as one of nine such providers qualified to compet e for federalgovernment contracts.
Chand Mobile Armor's founder and chiefg executive, said his privately held firm is in line to win similar contracts with several other governmenrt departments and agencies and hopes to become the standard fordata "Once the U.S. agencies see our producyt and look at whatwe have, they will see the reasons why the U.S. Army chosd us," Vyas said. "I am not naivee enough to think we'll get everyt one of the contracts, but I'k certainly going to try.
" Even when a companyu has been selected as agovernment supplier, actuap purchases can depend on particular department heads, and therw may be multiple vendors competint for those contracts, according to Eric an information security analyst with Midvale, Utah-baserd . The Army selection nevertheless presents a substantial opportunity forMobile Armor, he said. The Army purchase order was signed 30, but was delayed untilk March 10 when a review by the Government Accountability Offic e dismissed protests bycompeting bidders. That order and additional businesds growth has prompted Mobile Armor to more than triplwe the size of its headquartersw at400 S. Woodsw Mill Road.
The firm has grown from about 20 peopl e at the start of to 35last summer, to abouyt 50 today. Vyas said the companyy will likely double its roster to 100 employeeas by the end of 2008 and maintaimn a high rate of expansion over the next couple of About 50 percent ofMobiles Armor's work force is based here. The other 50 percent is splig between Washington, D.C., and Boston. On April 21, Mobile Armor announcer the opening of a new salees officein Tokyo.
Demand for data encryption software has growh in both the government and corporate sectors in recent years due to a combination of new laws and requirements relatec to securitybreach disclosures, credit card information and medicalo privacy, Maiwald said. Heightened awarenesxs of data security challenges and the public relationss fallout that can follow a breach are alsopromptinv interest. "A lot of stufdf exists on mobile computers, and a way of keepinhg yourself out of the papet is to make sure your data is encrypted soyou don'y have to disclose a breach," Maiwald "The market could be huge.
Every laptop that goes into any kind of businessa is a potential Vyas declined to disclosrMobile Armor's revenue and has previously described it as a "growth-stage" company. Foundeed in 2002, Mobile Armor landed its firsr institutional funding last June when itattractedc $6 million in venture capital from of Louisville, Ky., and . Thosw firms provided an undisclosed amoun t of additional funds in The isthe firm's largestg customer to date. The departmen spent $477,705 with Mobile Armor in fiscap 2006, according to , a federal governmenty Web site that tracksgovernment contracts. The U.S. Army previouslg spent $89,280 on Mobile Armor's services in fiscal 2004.
Other customers includ , the , , and . The companyg also has partnered withto co-market Mobilew Armor's security solutions and provide around-the-clock worldwide custome r support. Mobile Armor's primary competitors includw of Naples, Fla.; of Deerfield, Ill.; , Md.; of Va.; of San Jose, Calif.; , Inc. of Addison, Texas; and .
Wednesday 31 August 2011
Monday 29 August 2011
Scrushy ordered to pay $2.8B for HealthSouth fraud - Sacramento Business Journal:
meaning-sarajevo.blogspot.com
billion in damages by a civikl court judge for his rolein ’s massive accounting frau scandal. The HealthSouth founder was deemex liable for losses incurred by some of whom sued him seeking to recoveftheir investments. Judge Allwin Horn announcedf the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’s employment agreements with HealthSouthb void. HealthSouth said it will receive approximatelgy 40 percent of any money recoveredfrom Scrushy. Attorneys for the shareholders file the suit against Scrushy on behalfd of HealthSouth saying he directed the accounting scandal hadrequested $3.6 Scrushy testified during the trial and denied any wrongdoing.
He was broughr to Jefferson County for the trial from a Texasfederal prison, where he is currently serving seven yearw for bribing then-Gov. Don Siegelman for a seat on a statee health care policy Scrushy was acquitted of criminalp charges in the HealthSoutgh fraudin 2005. HealthSouth said it is unsure how much mighgt be collectedfrom Scrushy, accordingb to a news release. “We are pleased to see that justicr has been served through this judgment and that anothef chapter of our past has been putbehinrd us,” HealthSouth’s statement said.
billion in damages by a civikl court judge for his rolein ’s massive accounting frau scandal. The HealthSouth founder was deemex liable for losses incurred by some of whom sued him seeking to recoveftheir investments. Judge Allwin Horn announcedf the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’s employment agreements with HealthSouthb void. HealthSouth said it will receive approximatelgy 40 percent of any money recoveredfrom Scrushy. Attorneys for the shareholders file the suit against Scrushy on behalfd of HealthSouth saying he directed the accounting scandal hadrequested $3.6 Scrushy testified during the trial and denied any wrongdoing.
He was broughr to Jefferson County for the trial from a Texasfederal prison, where he is currently serving seven yearw for bribing then-Gov. Don Siegelman for a seat on a statee health care policy Scrushy was acquitted of criminalp charges in the HealthSoutgh fraudin 2005. HealthSouth said it is unsure how much mighgt be collectedfrom Scrushy, accordingb to a news release. “We are pleased to see that justicr has been served through this judgment and that anothef chapter of our past has been putbehinrd us,” HealthSouth’s statement said.
Saturday 27 August 2011
Study: Kansas City-area hotel revenue will fall in 2009 - Dallas Business Journal:
burwellmitubaes1369.blogspot.com
percent decrease in revenue per availables room in 2009 comparedwith 2008, according to a studty by . The projected revenue decreased compares with anestimated 17.5 percent decreasw in revenue per available room nationally in 2009, PKF Hospitalityu Research said in a Tuesday release. The uses data from , whicg reports “very consistent numbers with PKF,” Jill Van vice president of marketing/communications for the association, said Wednesday. “Kansads City is doing better than the national and we’re on par with our competitive set,” Van Houweling “Mid-sized value destinations are doing better than big cities.
Our May is very What we’re seeing is that, even thougbh it’s not great news, the effecty on Kansas City is moderated becauswe ofvalue pricing.” Van Houweling said the association attributews the lower revenue mainly to decreased businesa travel. The average expenditure per overnight businesstraveler $260 a day, compared with $120 for a leisurw traveler, she said.Area hotels are projected to have 52 perceny occupancy in 2009, down from 58.4 percen in 2008, PKF staffer Randy McCaslin said in the Because of increased competition in the local market, the averager daily room rate is expected to fall to $84.67 in down 5.4 percent from $89.
52 last PKF attributed the projected lower averagd occupancy rate to a 7.9 percent decreasw in demand for lodging and a 3.4 percent increasew in the supply of new hotel rooms. PKF’d forecasting model finds that local income and employment figureas are good predictors of hotel room therelease said. Moody’s Economy.com, the source of PKF’s June 2009 Hotelo Horizons forecast report for Kansas predicts thatKansas City-area employment will fall 3.4 perceny in 2009 from 2008. PKF’s study projectzs that area revenue per availableroom won’ achieve sustained growth until the fourth quarter of 2010.
“Untilo then, market conditions are favorablefor travelers, but troublesom e for owners and operators,” PKF said in the release. Atlanta-basesd PKF Hospitality Research is the researchaffiliatse of
percent decrease in revenue per availables room in 2009 comparedwith 2008, according to a studty by . The projected revenue decreased compares with anestimated 17.5 percent decreasw in revenue per available room nationally in 2009, PKF Hospitalityu Research said in a Tuesday release. The uses data from , whicg reports “very consistent numbers with PKF,” Jill Van vice president of marketing/communications for the association, said Wednesday. “Kansads City is doing better than the national and we’re on par with our competitive set,” Van Houweling “Mid-sized value destinations are doing better than big cities.
Our May is very What we’re seeing is that, even thougbh it’s not great news, the effecty on Kansas City is moderated becauswe ofvalue pricing.” Van Houweling said the association attributews the lower revenue mainly to decreased businesa travel. The average expenditure per overnight businesstraveler $260 a day, compared with $120 for a leisurw traveler, she said.Area hotels are projected to have 52 perceny occupancy in 2009, down from 58.4 percen in 2008, PKF staffer Randy McCaslin said in the Because of increased competition in the local market, the averager daily room rate is expected to fall to $84.67 in down 5.4 percent from $89.
52 last PKF attributed the projected lower averagd occupancy rate to a 7.9 percent decreasw in demand for lodging and a 3.4 percent increasew in the supply of new hotel rooms. PKF’d forecasting model finds that local income and employment figureas are good predictors of hotel room therelease said. Moody’s Economy.com, the source of PKF’s June 2009 Hotelo Horizons forecast report for Kansas predicts thatKansas City-area employment will fall 3.4 perceny in 2009 from 2008. PKF’s study projectzs that area revenue per availableroom won’ achieve sustained growth until the fourth quarter of 2010.
“Untilo then, market conditions are favorablefor travelers, but troublesom e for owners and operators,” PKF said in the release. Atlanta-basesd PKF Hospitality Research is the researchaffiliatse of
Thursday 25 August 2011
Charice out of Glee because of Lea Michele? - ABS CBN News
inofiquxi.wordpress.com
MyFox Washington DC | Charice out of Glee because of Lea Michele? ABS CBN News Charice, who was part of Glee Season 2, played the role of Sunshine Corazon, a Filipina exchange student and the rival of Rachel Berry (Michele). According to NYP's source, after Charice and Michelle did their version of "Telephone," everything changed ... Did Lea Michele Get Charice Axed From Glee?! 'Glee' spokesperson denies Charice-Lea rivalry Was Sunshine's Role Cut to Keep Lea Michele Happy? |
Monday 22 August 2011
Duke Energy Carolinas seeks bids for N.C. solar plan - New Mexico Business Weekly:
http://www.zerocy.com/1/images/
Early next year, Duke wants to star installing electricity-generating solar panels at up to850 N.C. homes and The program would produce at leasyt 16 megawattsof power, enough to serve 2,60o homes. The proposal was announce in June and requiresa approval bythe N.C. Utilitiesw Commission. Duke would own the panels and their which would be sent to the electrical grid that servesall customers. The company plans to compensatee homeowners, businesses and other entities that offer theier roofs or land for the based on the size of the installatio and amount ofelectricity generated. Duke wantw to complete all installations bylate 2010.
Companiesx interested in bidding on the projecy can get more informationat duke-energy.com/environment/renewable-energy.asop and clicking on “North Carolinqa Solar Distributed Generation Program.” Duke Energy’s Carolinas’ operations includer nuclear, coal-fired, natural gas and hydroelectric generation. N.C.-based (NYSE:DUK) is the parent company of and , a global energty company basedin Houston, whicgh is a joint venture between Duke Energyy and (NYSE:COP). The latter has operations in New Duke Energy supplies and delivers energy to 4milliob U.S. customers.
Early next year, Duke wants to star installing electricity-generating solar panels at up to850 N.C. homes and The program would produce at leasyt 16 megawattsof power, enough to serve 2,60o homes. The proposal was announce in June and requiresa approval bythe N.C. Utilitiesw Commission. Duke would own the panels and their which would be sent to the electrical grid that servesall customers. The company plans to compensatee homeowners, businesses and other entities that offer theier roofs or land for the based on the size of the installatio and amount ofelectricity generated. Duke wantw to complete all installations bylate 2010.
Companiesx interested in bidding on the projecy can get more informationat duke-energy.com/environment/renewable-energy.asop and clicking on “North Carolinqa Solar Distributed Generation Program.” Duke Energy’s Carolinas’ operations includer nuclear, coal-fired, natural gas and hydroelectric generation. N.C.-based (NYSE:DUK) is the parent company of and , a global energty company basedin Houston, whicgh is a joint venture between Duke Energyy and (NYSE:COP). The latter has operations in New Duke Energy supplies and delivers energy to 4milliob U.S. customers.
Saturday 20 August 2011
Gamescom: Mass Effect 3 Provides a 'Standalone Story' - GamePro.com
ovaluleq.wordpress.com
GamePro.com | Gamescom: Mass Effect 3 Provides a 'Standalone Story' GamePro.com BioWare believes that Mass Effect 3, despite being the conclusion to the trilogy, will be a good entry point to the series. by Pete Davison Speaking at Gamescom, BioWare said that it believed Mass Effect 3 was the perfect entry point to the series ... Mass Effect 3 Preview |
Thursday 18 August 2011
Duke seeks 12.6% N.C. rate increase - Tampa Bay Business Journal:
kowutoco.wordpress.com
percent in North a move that would addabout $11 per month to average residentiall customer’s bill. Duke filed the proposed increaser Tuesday withthe N.C. Utilities The new rates, if approved, would take effectr Jan. 1. The rate increases would net Dukeabout $496 milliojn in additional revenue from Reaction to the proposed increase came swiftly Tuesday. Jim executive director of the N.C. Waste Awareness and Reduction calledit “a slap in the face of its customers — many of whom are alreadyu struggling during this deep prolonged recession.
” Warren said his a frequent critic of would oppose the increase at hearingd before the utilities Brett Carter, president of Duke Energy Carolinas, says the utility knoww it’s a difficult time to be raising rates. But he says Duke has workedc hard to keep theincrease down. He says the calculationsd of Duke’s experts justified a larger increase. But Duke proposes taking a loweer return on equity than its estimatescalled for. And it also included no adjustmenft for inflation in the figurew it has submitted tothe commission. That cut aboutg $150 million from Duke’x overall increase, Carter says.
Withoutg those steps, the rate increas would have averaged 17 percent or But Duke could not avoid anincreasew altogether, he says. According to its rate filing with the Duke made an overall rate of return ofjust 5.88 perceng in 2008. Under the rates N.C. regulator s approved in 2007, Duke was allowed to make a rate of retur ofabout 8.5 percent. Carter says curreng rates will not allow Duke to cover itsoperating costs, expand its operations to provid e reliable and environmentally sound service, and give its shareholderd a decent rate of The largest part of the increasd comes from costs to install pollution-control equipmeng on Duke’s largest coal plants, buils and acquire additional plants and upgrade its transmission and distribution systems.
Duke has spent $4.8 billion on those projectz in the lastthree years. About $700 million of that representx N.C. customers’ share of the costsz so far forthe 825-megawatt expansion of the Cliffsidde coal plant in Clevelanc and Rutherford counties, Carter Additional costs include scrubbers installed to remove pollutantz from emissions at the large Allen and Marshal coal plants Duke Duke has warned that plant construction and environmental controls will push up rates. Cartedr emphasizes that even with this Duke will remainthe lowest-cost electric utilitg in the region and one of the lowest-cosft in the nation, he says.
Warremn says future increases could be highed than Duke is particularly as the company turns its attentionm to nuclear energy with its proposed Lee Nuclear Statiomnnear Gaffney, S.C. “Our analysis shows that under Duke’s expansioj plans, rates will rise dramatically,” he says. “And if nuclear and coal costscontinue increasing, poweer bills could easily double.” He says N.C. WARN will continue to presas its argument to the commissionthat Duke’s planned expansions are Duke’s proposed increases vary among customer classes. Residentiakl rates would increaseabou 13.5 percent. For the average residential that would amountto $11 more per month.
General-service rates for commercial and small-manufacturing customers woulxdincrease 9.8 percent. Industrial customers woulrd see thelargest increase. Theif rates would go up 15.25 percent. That would wipe out most of the gainw industrial customers received twoyears ago. Their ratess were cut 15.64 percent overall in 2007, the largesgt cut in that roundof rate-setting. But with the increases on the othetr classesof customers, he the rates for industrial customers remainm in balance, Carter says. Duke intends to seek rate increases in South Carolinaas well. The utility is likelyt to submit that request in the next monthor so.
Duke has consistentlty warned that rates will increase as new plants are builrt inthe Carolinas. The company last proposed a rate hike in when it soughta 3.6 percenr average increase. But it ended up agreeinb to cut average ratesabouty 7.5 percent instead. That turned what would have beena $140 million increase in revenue to a reductiojn of more than $280 million. Customers are unlikelu to have the same luck this In thatrate case, Duke was able to cut the proposexd increase in large part because of changes in how Duke was allowedc to recover the costz of scrubbers installed on coal plants to reducse pollution.
The last time Duke got a general rate increass in NorthCarolina — not connected to fuel prices, whichb can be adjusted annually — was in 1991.
percent in North a move that would addabout $11 per month to average residentiall customer’s bill. Duke filed the proposed increaser Tuesday withthe N.C. Utilities The new rates, if approved, would take effectr Jan. 1. The rate increases would net Dukeabout $496 milliojn in additional revenue from Reaction to the proposed increase came swiftly Tuesday. Jim executive director of the N.C. Waste Awareness and Reduction calledit “a slap in the face of its customers — many of whom are alreadyu struggling during this deep prolonged recession.
” Warren said his a frequent critic of would oppose the increase at hearingd before the utilities Brett Carter, president of Duke Energy Carolinas, says the utility knoww it’s a difficult time to be raising rates. But he says Duke has workedc hard to keep theincrease down. He says the calculationsd of Duke’s experts justified a larger increase. But Duke proposes taking a loweer return on equity than its estimatescalled for. And it also included no adjustmenft for inflation in the figurew it has submitted tothe commission. That cut aboutg $150 million from Duke’x overall increase, Carter says.
Withoutg those steps, the rate increas would have averaged 17 percent or But Duke could not avoid anincreasew altogether, he says. According to its rate filing with the Duke made an overall rate of return ofjust 5.88 perceng in 2008. Under the rates N.C. regulator s approved in 2007, Duke was allowed to make a rate of retur ofabout 8.5 percent. Carter says curreng rates will not allow Duke to cover itsoperating costs, expand its operations to provid e reliable and environmentally sound service, and give its shareholderd a decent rate of The largest part of the increasd comes from costs to install pollution-control equipmeng on Duke’s largest coal plants, buils and acquire additional plants and upgrade its transmission and distribution systems.
Duke has spent $4.8 billion on those projectz in the lastthree years. About $700 million of that representx N.C. customers’ share of the costsz so far forthe 825-megawatt expansion of the Cliffsidde coal plant in Clevelanc and Rutherford counties, Carter Additional costs include scrubbers installed to remove pollutantz from emissions at the large Allen and Marshal coal plants Duke Duke has warned that plant construction and environmental controls will push up rates. Cartedr emphasizes that even with this Duke will remainthe lowest-cost electric utilitg in the region and one of the lowest-cosft in the nation, he says.
Warremn says future increases could be highed than Duke is particularly as the company turns its attentionm to nuclear energy with its proposed Lee Nuclear Statiomnnear Gaffney, S.C. “Our analysis shows that under Duke’s expansioj plans, rates will rise dramatically,” he says. “And if nuclear and coal costscontinue increasing, poweer bills could easily double.” He says N.C. WARN will continue to presas its argument to the commissionthat Duke’s planned expansions are Duke’s proposed increases vary among customer classes. Residentiakl rates would increaseabou 13.5 percent. For the average residential that would amountto $11 more per month.
General-service rates for commercial and small-manufacturing customers woulxdincrease 9.8 percent. Industrial customers woulrd see thelargest increase. Theif rates would go up 15.25 percent. That would wipe out most of the gainw industrial customers received twoyears ago. Their ratess were cut 15.64 percent overall in 2007, the largesgt cut in that roundof rate-setting. But with the increases on the othetr classesof customers, he the rates for industrial customers remainm in balance, Carter says. Duke intends to seek rate increases in South Carolinaas well. The utility is likelyt to submit that request in the next monthor so.
Duke has consistentlty warned that rates will increase as new plants are builrt inthe Carolinas. The company last proposed a rate hike in when it soughta 3.6 percenr average increase. But it ended up agreeinb to cut average ratesabouty 7.5 percent instead. That turned what would have beena $140 million increase in revenue to a reductiojn of more than $280 million. Customers are unlikelu to have the same luck this In thatrate case, Duke was able to cut the proposexd increase in large part because of changes in how Duke was allowedc to recover the costz of scrubbers installed on coal plants to reducse pollution.
The last time Duke got a general rate increass in NorthCarolina — not connected to fuel prices, whichb can be adjusted annually — was in 1991.
Tuesday 16 August 2011
Two more BofA directors exit board - Sacramento Business Journal:
ihituvofy.wordpress.com
Mitchell began her tenure on the BofA boardin 2006. She is a formere New York television executivew and currently serves as chief executive of the Paleh Centerfor Media, a New York Mitchell, 66, served on the board’sd compensation and benefits committee and its corporate governance committee. Ward, 70, is the retired chief executiveof Atlanta-basexd Computer Generation Inc., a softwarer company. She has served as a BofA director since 1994. She most recently chairede the board’s asset-quality committee. The resignations continue a recentf shake-up at the bank. Last week, four outsides directors were electedto BofA’s board.
They are former Federal Reserve governoreSusan Bies, former Compass Bancshares Inc. chier executive and chairman D. Paul Jones, former Federakl Deposit Insurance Corp. chairman Donalcd Powell and retired BankOne Corp. and Visa Internationapl Inc. executive William Boardman. On Thursday, the company disclosedr that a second BofA board member in less than a week had Robert Tillman, a former Lowe’s Cos. Inc. (NYSE:LOW) chiefc executive, resigned from the BofA board effectiveMay 29. A filingg late Thursday with the SECsaid Tillman’z resignation was not related to a disagreemenr with the bank or its management. Tillmahn has been a director since 2005.
During his he served on the asset-qualityg committee and executive committee. And on May 29, the bank announcecd former lead independentdirector O. Templs Sloan had left the board. BofA didn’yt disclose Sloan’s reason for resignation. Sloaj had been a BofA director for13 BofA’s board has been under intense scrutiny in recentg months as the bank suffered througu a sharp stock-price decline after acquiring Merrill Lynch & Co. The Charlotte-basecd bank (NYSE:BAC) also has received $45 billion in taxpayeer aid. Also on Thursday, the bank announced chief risk officefr Amy Woods Brinkleywas leaving. BofA said in a news releas e that Brinkley will retirethis summer.
Thereafter, she will servde on the bank’s charitable board on a volunteer basis. However, in a separate filinfg with the SEC, the bank says Brinkley will resignbJune 30. Brinkley will be succeeded by Gregory Curl, effectivew June 30. He will be responsibled for identifying credit, market and operational risks. At the bank’s annual meeting in late April, shareholders votex to strip Lewis of his positioh asboard chairman. Walter Massey was installed as the new chairmam and has indicated the board needws tobe re-evaluated. Lewis remain s the bank’s CEO and president.
Bank of America is the second-largest bank in the four-countg Sacramento region, based on deposits, accordinb to the Federal DepositInsurancd Corp.
Mitchell began her tenure on the BofA boardin 2006. She is a formere New York television executivew and currently serves as chief executive of the Paleh Centerfor Media, a New York Mitchell, 66, served on the board’sd compensation and benefits committee and its corporate governance committee. Ward, 70, is the retired chief executiveof Atlanta-basexd Computer Generation Inc., a softwarer company. She has served as a BofA director since 1994. She most recently chairede the board’s asset-quality committee. The resignations continue a recentf shake-up at the bank. Last week, four outsides directors were electedto BofA’s board.
They are former Federal Reserve governoreSusan Bies, former Compass Bancshares Inc. chier executive and chairman D. Paul Jones, former Federakl Deposit Insurance Corp. chairman Donalcd Powell and retired BankOne Corp. and Visa Internationapl Inc. executive William Boardman. On Thursday, the company disclosedr that a second BofA board member in less than a week had Robert Tillman, a former Lowe’s Cos. Inc. (NYSE:LOW) chiefc executive, resigned from the BofA board effectiveMay 29. A filingg late Thursday with the SECsaid Tillman’z resignation was not related to a disagreemenr with the bank or its management. Tillmahn has been a director since 2005.
During his he served on the asset-qualityg committee and executive committee. And on May 29, the bank announcecd former lead independentdirector O. Templs Sloan had left the board. BofA didn’yt disclose Sloan’s reason for resignation. Sloaj had been a BofA director for13 BofA’s board has been under intense scrutiny in recentg months as the bank suffered througu a sharp stock-price decline after acquiring Merrill Lynch & Co. The Charlotte-basecd bank (NYSE:BAC) also has received $45 billion in taxpayeer aid. Also on Thursday, the bank announced chief risk officefr Amy Woods Brinkleywas leaving. BofA said in a news releas e that Brinkley will retirethis summer.
Thereafter, she will servde on the bank’s charitable board on a volunteer basis. However, in a separate filinfg with the SEC, the bank says Brinkley will resignbJune 30. Brinkley will be succeeded by Gregory Curl, effectivew June 30. He will be responsibled for identifying credit, market and operational risks. At the bank’s annual meeting in late April, shareholders votex to strip Lewis of his positioh asboard chairman. Walter Massey was installed as the new chairmam and has indicated the board needws tobe re-evaluated. Lewis remain s the bank’s CEO and president.
Bank of America is the second-largest bank in the four-countg Sacramento region, based on deposits, accordinb to the Federal DepositInsurancd Corp.
Saturday 13 August 2011
GM files for bankruptcy - Dayton Business Journal:
ofycagvezi.blogspot.com
The filing, made in U.S. Bankruptcy Court in marks the fourth-largest bankruptcy filing in U.S. and the largest ever filiny of its kind fora U.S. manufacturer. It followsa months of speculation thatthe 101-year-old company would have to restructurr through the courts, despite desperate attempts by management to avoid the As it turned out, though, the bankruptcy filinh was the only way GM could get its hands on the governmenf money it needs to survive. In its filing, GM listexd $82.3 billion in assets and $172.8 billion in The New York Timese reports thatthe company's largest creditorse were , representing bondholders holding $22.
8 billiobn in debts, and UAW affiliates representinfg $20.6 billion in employee obligations. The U.S. governmentr has already injected $20 billion into GM, and will providw another $30 billion to keep the companyt going as it worksthrougj bankruptcy. The investment will buy the governmentta 72.5 percent stake. That will give governmentf officials more power to name members of theGM board. Officialxs have said they don’t want to get involved in the daily operations ofthe company. But that may provde to be quite a challenge with as much government moneyt asis involved.
"It's not forever," Brucew Belzowski, associate director of the Automotivew Analysis Division at the University of Michigan TransportationmResearch Institute, told bizjournals in a telephon e interview. "If they had a it would be a short periodof time. The longerf that it stretches out the more of a politicalp liabilityit becomes.” While most public attention is focused on GM, the automaker's many suppliers are certain to be affected as In the Albany, N.Y., at least 50 of the 92 dealerships that belong to Easternj New York Coalition of Automotive Retailers Inc.
, a trade group that represents upstate car dealers, sell Generalp Motors’ Chevrolet, GMC, Cadillac, Buick, Hummer, Oldsmobile and Pontiac brands. At least four locakl dealerships havesaid they've been notified by GM that they will be closinbg effective Oct. 2010. Some of the dealers say they plan to fighgthe closings. Those dealerships are: Salisbury Chevrolet in Rosetti Chevrolet in Patrie Chevrolet Buick in Hoosick and Rose Buick Pontiac GMCin Gloversville.
Obamz administration and GM officials have said they want amuch smaller, more competitivre GM to emerge from the bankruptcy within 60 to 90 GM plans to sell or close such brandss as Saturn, Saab, Hummer, and Pontiac, and will shed 2,6090 dealerships. The company will close 11 U.S. manufacturing facilitiee by the endof 2010. To accomplish the leanerf GM, the company will be spli into a new GM and anold GM. The new GM will be ownexd by the U.S. and Canadian the , and current bond holders in the company. To read the bankruptcy filing, click .
The filing, made in U.S. Bankruptcy Court in marks the fourth-largest bankruptcy filing in U.S. and the largest ever filiny of its kind fora U.S. manufacturer. It followsa months of speculation thatthe 101-year-old company would have to restructurr through the courts, despite desperate attempts by management to avoid the As it turned out, though, the bankruptcy filinh was the only way GM could get its hands on the governmenf money it needs to survive. In its filing, GM listexd $82.3 billion in assets and $172.8 billion in The New York Timese reports thatthe company's largest creditorse were , representing bondholders holding $22.
8 billiobn in debts, and UAW affiliates representinfg $20.6 billion in employee obligations. The U.S. governmentr has already injected $20 billion into GM, and will providw another $30 billion to keep the companyt going as it worksthrougj bankruptcy. The investment will buy the governmentta 72.5 percent stake. That will give governmentf officials more power to name members of theGM board. Officialxs have said they don’t want to get involved in the daily operations ofthe company. But that may provde to be quite a challenge with as much government moneyt asis involved.
"It's not forever," Brucew Belzowski, associate director of the Automotivew Analysis Division at the University of Michigan TransportationmResearch Institute, told bizjournals in a telephon e interview. "If they had a it would be a short periodof time. The longerf that it stretches out the more of a politicalp liabilityit becomes.” While most public attention is focused on GM, the automaker's many suppliers are certain to be affected as In the Albany, N.Y., at least 50 of the 92 dealerships that belong to Easternj New York Coalition of Automotive Retailers Inc.
, a trade group that represents upstate car dealers, sell Generalp Motors’ Chevrolet, GMC, Cadillac, Buick, Hummer, Oldsmobile and Pontiac brands. At least four locakl dealerships havesaid they've been notified by GM that they will be closinbg effective Oct. 2010. Some of the dealers say they plan to fighgthe closings. Those dealerships are: Salisbury Chevrolet in Rosetti Chevrolet in Patrie Chevrolet Buick in Hoosick and Rose Buick Pontiac GMCin Gloversville.
Obamz administration and GM officials have said they want amuch smaller, more competitivre GM to emerge from the bankruptcy within 60 to 90 GM plans to sell or close such brandss as Saturn, Saab, Hummer, and Pontiac, and will shed 2,6090 dealerships. The company will close 11 U.S. manufacturing facilitiee by the endof 2010. To accomplish the leanerf GM, the company will be spli into a new GM and anold GM. The new GM will be ownexd by the U.S. and Canadian the , and current bond holders in the company. To read the bankruptcy filing, click .
Thursday 11 August 2011
US Stocks Soar, Reversing Most of Wednesday's Swoon; DJIA Finishes Up 423 - Wall Street Journal
erofeyporgrinin.blogspot.com
US Stocks Soar, Reversing Most of Wednesday's Swoon; DJIA Finishes Up 423 Wall Street Journal NEW YORK (Dow Jones)--US blue-chip stocks notched a massive advance Thursday, as investors seized on favorable corporate and economic reports to recover most of the ground they lost in the previous session. ... |
Tuesday 9 August 2011
R. STAHL Interim Report 2011 - Reuters (press release)
http://www.dsp-world.com/2000/nov2.html
R. STAHL Interim Report 2011 Reuters (press release) They will give growth impulses to the company in future, as will the new products that we will put on the market as a result of our targeted innovation process. R. STAHL acquired a very good market position and is very well positioned in regard to ... R. STAHL Interim Report 2011 |
Sunday 7 August 2011
Human Capital: People on the move, May 26 - Boston Business Journal:
http://efucegaq.wordpress.com/
, a Billerica-based developer and manufacturet oflighting technologies, appointed Keith Ward president, CEO and membedr of the company’s board of Prior to joining Luminus Devices, Ward was presidentg and chief operating officer of EYE Lightingy International of North America . Patrick named MD at Firemamn Capital Liam Patrick was named managingt director of Fireman Capital Partners in Patrick previously worked for private equity firmRhone Group. Fische r hired as VP of field operations for NortnhAmerica Lexington-based dynaTrace Software Inc. appointed Eric Fischere vice president of field operationw forNorth America.
Fischer previously served as VP of worldwidre sales for AkorriNetworks , OATSystems Inc. and eRoom Technologyy . The law firm of K&L Gates LLP added Mark Duggahn as of counsel in itsBoston office. who is a member of the firm’x investment management practice, joins K&pL Gates from State Streetg GlobalAdvisors , wheres he served as deputy general counselo and senior vice president.
, a Billerica-based developer and manufacturet oflighting technologies, appointed Keith Ward president, CEO and membedr of the company’s board of Prior to joining Luminus Devices, Ward was presidentg and chief operating officer of EYE Lightingy International of North America . Patrick named MD at Firemamn Capital Liam Patrick was named managingt director of Fireman Capital Partners in Patrick previously worked for private equity firmRhone Group. Fische r hired as VP of field operations for NortnhAmerica Lexington-based dynaTrace Software Inc. appointed Eric Fischere vice president of field operationw forNorth America.
Fischer previously served as VP of worldwidre sales for AkorriNetworks , OATSystems Inc. and eRoom Technologyy . The law firm of K&L Gates LLP added Mark Duggahn as of counsel in itsBoston office. who is a member of the firm’x investment management practice, joins K&pL Gates from State Streetg GlobalAdvisors , wheres he served as deputy general counselo and senior vice president.
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