stelauguqdinec.blogspot.com
The Overland Park-based company (NYSE: S), the third-largest wireless with about 49million subscribers, still wouldn’t give exac dates of its exclusivity period. The Pre, a touch-screen phone with a slide-out keyboard made by Palm Inc. PALM), . The phone operates on a new webOS platform that enables users to integratw information from multiple places intoone calendar, contacts list or e-mail view, and it supports professional, entertainment and personal data. CEO Lowell McAdam reportedly saidthe company, the No. 1 wireless carrier, will offerf the phone within six Sprint clarified its claim on the phone througb theholiday season.
The Pre is intended to help Sprint combatthe iPhone, made by (Nasdaq: AAPL) and offerecd by No. 2 wireless carrieer (NYSE: T). Sprint has been losinv customers, including about 4.1 million contract subscriberdlast year. Sprint rank s No. 1 on the Kansazs City BusinessJournal ’s list of the area’s top public companies.
viernes, 25 de mayo de 2012
jueves, 24 de mayo de 2012
Ex-BDO Seidman official penalized for lack of oversight - Philadelphia Business Journal:
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The PCAOB's investigation, which was made public centered aroundStephen J. who was assurance practice directorin BDO's Philadelphi office. Nardi was responsible for providing technical guidancs to other partners and managers onaudit engagements, coordinating the office' quality control activities and overseeing the scheduling and assignmeny of audit personnel to The PCAOB said he directly supervisedc most of the audit managers and senior managersz in the Philadelphia office and influenced promotion decisionzs of personnel.
Nardi, according to the assigned audit manager Anne Marie Fitzpatrickl to oversee an auditof Philadelphia-based client Hemispherx Biopharma's financiakl statements for fiscal year 2004. But in the fall of that after she completedthe audit-planningb phase, Nardi directed her to stop working on the Hemisphers audit and concentrate on another client. Aftedr she stopped working on Hemispherx, she did not supervisd or review the work performed by more juniort members of theaudit team, according to the PCAOB.
The field work was completed without the supervision of an audit manage and was never subject to a detailed reviea as required byBDO policy, the PCAOB Nardi authorized the release of BDO' s audit report on Hemispherx'sw financial statements on March 16, 2005, and the reportt was included with the company's 10K Form filexd that day with the U.S. Securitiews and Exchange Commission. But in Augustr 2005, BDO partners from other officew announced they would be performing routine quality control inspections of the Philadelphia office and that the Hemispherxs audit would be one of the audits selectedxfor inspection.
According to PCAOB, Nardik asked a subordinate to check the Hemispherxs audit and that person uncovered the lack of initialz and signatures from Nardi and Fitzpatrick, which would indicate that a detailesd review was performed. The PCAOB said Nardi then told a hesitantf Fitzpatrick to initial and sign the auditr paper work and backdate them to datee preceding the issuance of the Marchaudit report, even thouguh she had not done a review. As part of an agreemen reachedwith PCAOB, Nardi has been barred from associatinyg with a registered accounting firm but may file a petitiohn for reinstatement after one year.
BDO askex Nardi to resign and the separation became official onMarch 21, 2006, the PCAOB said. Fitzpatrick, who was censurex by the PCAOB, resigned from the firm in Februaryh 2006. When contacted Tuesday morning, a BDO spokesperson releasedf a statement. "This matter, which took place in involved two former professionals of the BDO said. "Upon uncoverin g the conduct, BDO Seidmab immediately launched an extensiveinternall investigation, conducted by outside counsel, and appropriat corrective measures were taken by the Efforts to reach Nardio and Fitzpatrick Tuesday were not successful.
The PCAOg is a private-sector, nonprofit created by Sarbanes-Oxley Act of 2002, to overseew the auditors of public companies.
The PCAOB's investigation, which was made public centered aroundStephen J. who was assurance practice directorin BDO's Philadelphi office. Nardi was responsible for providing technical guidancs to other partners and managers onaudit engagements, coordinating the office' quality control activities and overseeing the scheduling and assignmeny of audit personnel to The PCAOB said he directly supervisedc most of the audit managers and senior managersz in the Philadelphia office and influenced promotion decisionzs of personnel.
Nardi, according to the assigned audit manager Anne Marie Fitzpatrickl to oversee an auditof Philadelphia-based client Hemispherx Biopharma's financiakl statements for fiscal year 2004. But in the fall of that after she completedthe audit-planningb phase, Nardi directed her to stop working on the Hemisphers audit and concentrate on another client. Aftedr she stopped working on Hemispherx, she did not supervisd or review the work performed by more juniort members of theaudit team, according to the PCAOB.
The field work was completed without the supervision of an audit manage and was never subject to a detailed reviea as required byBDO policy, the PCAOB Nardi authorized the release of BDO' s audit report on Hemispherx'sw financial statements on March 16, 2005, and the reportt was included with the company's 10K Form filexd that day with the U.S. Securitiews and Exchange Commission. But in Augustr 2005, BDO partners from other officew announced they would be performing routine quality control inspections of the Philadelphia office and that the Hemispherxs audit would be one of the audits selectedxfor inspection.
According to PCAOB, Nardik asked a subordinate to check the Hemispherxs audit and that person uncovered the lack of initialz and signatures from Nardi and Fitzpatrick, which would indicate that a detailesd review was performed. The PCAOB said Nardi then told a hesitantf Fitzpatrick to initial and sign the auditr paper work and backdate them to datee preceding the issuance of the Marchaudit report, even thouguh she had not done a review. As part of an agreemen reachedwith PCAOB, Nardi has been barred from associatinyg with a registered accounting firm but may file a petitiohn for reinstatement after one year.
BDO askex Nardi to resign and the separation became official onMarch 21, 2006, the PCAOB said. Fitzpatrick, who was censurex by the PCAOB, resigned from the firm in Februaryh 2006. When contacted Tuesday morning, a BDO spokesperson releasedf a statement. "This matter, which took place in involved two former professionals of the BDO said. "Upon uncoverin g the conduct, BDO Seidmab immediately launched an extensiveinternall investigation, conducted by outside counsel, and appropriat corrective measures were taken by the Efforts to reach Nardio and Fitzpatrick Tuesday were not successful.
The PCAOg is a private-sector, nonprofit created by Sarbanes-Oxley Act of 2002, to overseew the auditors of public companies.
martes, 22 de mayo de 2012
Zila posts $1.5M loss, warns of bankruptcy without more funding - Pacific Business News (Honolulu):
bentlyoupapa1810.blogspot.com
The Phoenix oral cancer diagnosticss company released itsfiscal third-quarter result s Tuesday, showing a loss of $1.5 million on $5 millionm in revenue for the three months endedc April 30. That compares with a $4.4 millio n loss on $6.8 million in revenue for the same perio din 2008. For the firsf nine months of 2009, Zila lost nearly $30 million on revenue of $15.6 compared with $14 million in losses on $20 million in In its quarterly filing withthe U.S. Securities and Exchang e Commission, Zila said revenue has been negatively impacted by the economt and because of customer concern abouyt its viability as anongoing business.
“Concerns about our financial viability have also contributed to an increasefd turnover in our field sales force and other key staf f areas and have led to a reductiom in our marketing effectivenesx and our reach to new andexisting customers,” the company said in its To stem the blood loss, Zila has continued salar reductions for a number of management reduced its field salesx force by 15 percent, eliminated its employee stock purchasre plan, furloughed certain manufacturing production personnel and reduced tradse show expenditures. Still, the decline in revenues means Zila has been cuttinvg into itscash reserves. As of April 30, the companyh had $3.
1 million in cash and cash comparedwith $2.5 million on Jan. 31, $3.2 millionn Oct. 31, 2008, and $4.5 milliob July 31, 2008. “In order to continue as a goinv concern and fund our current level of operations over the next 12 we will require additional funding and need to restructure or retirde our senior securedconvertiblr notes,” the filing reads. “If we are unablre to execute these strategies, we will likelyg be forced to file for protection under Chapte 11 of the Federal Bankruptcy Code or liquidatse the company under Chapter 7 of the FederalBankruptcy Code.
” In April, Zila transferred the listing of its commobn stock from the Nasdaq Global Marke t to Nasdaq’s Capital Market, continuing to tradwe under the symbol ZILA. This allowss the company to continue itslisting status, which it was in danget of losing because the stock price has failes to remain above $1 for the required The stock closed at 62 cents a share Tuesday. Its 52-weekj range is 3 centsx and $3.08 a share. The companty has morphed over the years, from selling Zilactihn cold cream medication and vitamin C products to focusw on cancer detection products marketed directlhyto dentists.
In May, company officials testifiex at a congressional hearing on innovative technologyfor veterans, urging legislators to pressx the U.S. Department of Veterans Affairs to expaned the useof Zila’s ViziLit Plus for veterans, who are at a highetr risk of oral cancer. Zila has a five-yead contract to market ViziLite Plus to 48 VA dental clinicd and 154 Department of Defensedental clinics.
The Phoenix oral cancer diagnosticss company released itsfiscal third-quarter result s Tuesday, showing a loss of $1.5 million on $5 millionm in revenue for the three months endedc April 30. That compares with a $4.4 millio n loss on $6.8 million in revenue for the same perio din 2008. For the firsf nine months of 2009, Zila lost nearly $30 million on revenue of $15.6 compared with $14 million in losses on $20 million in In its quarterly filing withthe U.S. Securities and Exchang e Commission, Zila said revenue has been negatively impacted by the economt and because of customer concern abouyt its viability as anongoing business.
“Concerns about our financial viability have also contributed to an increasefd turnover in our field sales force and other key staf f areas and have led to a reductiom in our marketing effectivenesx and our reach to new andexisting customers,” the company said in its To stem the blood loss, Zila has continued salar reductions for a number of management reduced its field salesx force by 15 percent, eliminated its employee stock purchasre plan, furloughed certain manufacturing production personnel and reduced tradse show expenditures. Still, the decline in revenues means Zila has been cuttinvg into itscash reserves. As of April 30, the companyh had $3.
1 million in cash and cash comparedwith $2.5 million on Jan. 31, $3.2 millionn Oct. 31, 2008, and $4.5 milliob July 31, 2008. “In order to continue as a goinv concern and fund our current level of operations over the next 12 we will require additional funding and need to restructure or retirde our senior securedconvertiblr notes,” the filing reads. “If we are unablre to execute these strategies, we will likelyg be forced to file for protection under Chapte 11 of the Federal Bankruptcy Code or liquidatse the company under Chapter 7 of the FederalBankruptcy Code.
” In April, Zila transferred the listing of its commobn stock from the Nasdaq Global Marke t to Nasdaq’s Capital Market, continuing to tradwe under the symbol ZILA. This allowss the company to continue itslisting status, which it was in danget of losing because the stock price has failes to remain above $1 for the required The stock closed at 62 cents a share Tuesday. Its 52-weekj range is 3 centsx and $3.08 a share. The companty has morphed over the years, from selling Zilactihn cold cream medication and vitamin C products to focusw on cancer detection products marketed directlhyto dentists.
In May, company officials testifiex at a congressional hearing on innovative technologyfor veterans, urging legislators to pressx the U.S. Department of Veterans Affairs to expaned the useof Zila’s ViziLit Plus for veterans, who are at a highetr risk of oral cancer. Zila has a five-yead contract to market ViziLite Plus to 48 VA dental clinicd and 154 Department of Defensedental clinics.
lunes, 21 de mayo de 2012
Andrews named as president of RSM McGladrey - Kansas City Business Journal:
yzirapogyg.wordpress.com
RSM McGladrey, an accounting, tax and businesss consulting company, is a wholly-owned subsidiary of H&dR Block (NYSE: HRB). Andrewa previously served as presidenytof , commonly known as Sally Mae, befor e retiring in 2008. He also had a 29-year careedr at Arthur Andersen, holding various leadership Andrews is a member of the boards of directorsdfor , and . “His extensive industry background and leadership including nearly three decades with a major globalaccountingb firm, make him a great choice for the company as it pursued the tremendous market opportunities that exist and builda on its recent growth,” said H&R Blocik CEO Russ Smyth in a release.
“Im particular, C.E. will lead efforts to further builcd theMcGladrey brand, increase our ability to attracf and retain talent, and increase our share among the firms in the middle market.” Andrews replace s Steve Tait, who resigned effective April 30. Tait servedr as president since 2003. Andrews will have a base of operationw in both Chicagoand
RSM McGladrey, an accounting, tax and businesss consulting company, is a wholly-owned subsidiary of H&dR Block (NYSE: HRB). Andrewa previously served as presidenytof , commonly known as Sally Mae, befor e retiring in 2008. He also had a 29-year careedr at Arthur Andersen, holding various leadership Andrews is a member of the boards of directorsdfor , and . “His extensive industry background and leadership including nearly three decades with a major globalaccountingb firm, make him a great choice for the company as it pursued the tremendous market opportunities that exist and builda on its recent growth,” said H&R Blocik CEO Russ Smyth in a release.
“Im particular, C.E. will lead efforts to further builcd theMcGladrey brand, increase our ability to attracf and retain talent, and increase our share among the firms in the middle market.” Andrews replace s Steve Tait, who resigned effective April 30. Tait servedr as president since 2003. Andrews will have a base of operationw in both Chicagoand
sábado, 19 de mayo de 2012
Rahul Gandhi energised YC workers: Vasudeo - Daily Pioneer
tatyanagepoji.blogspot.com
Rahul Gandhi energised YC workers: Vasudeo Daily Pioneer Youth icon, Rahul Gandhi, national general secretary of All India Congress Committee infused great enthusiasm and zeal into party youth during his nine-hour visit to the State, Uttam Kumar Vasudeo, president of State Youth Congress said. |
viernes, 18 de mayo de 2012
Mercury News workers OK 9% pay cut - Puget Sound Business Journal (Seattle):
tiqosi.wordpress.com
The new contract cuts pay 7 percent for the rest of and slashes an additional 2 percent from paychecks starting onNew Year’w Day. The Media Workers Guild’s Northernb California unit announced late last week that it had reacher a tentative contract deal with the Mercury News for its 257 memberx atthe paper. The contacy also increases employee health insurance contributions and makedother concessions. The Guild represents 257 Mercury News including 130 in editorial jobs and 127in circulation, finance and support A ratification meeting to discuss and vote on the proposedd contract was held Monday The new contract expires Nov. 30, 2010.
Otherf concessions include reduced vacationn accruals and movingthe Merc’s copy desk to Walnu t Creek, where MediaNews’ is based. It owns the Mercury News and 11 other daily papers in the which include virtually all of the dailu papers in the Bay Area except theand . “This is a tough contracg that will hurt a lot of our but it reflects the terrible situation that the news industru and the countryis in,” San Jose Guilrd President Sylvia Ulloa said in a statementy published in the Mercury News . Ulloza was on the bargaining committee that negotiateedwith management.
“The committee did the best we could do to limiy the damage toour members, minimize the loss of jobs and to try to maintaimn the quality of the Mercurh News.” The deal would also permit managemenr to require up to five furloug h days in 2010, move remaininv circulation and finance jobs to the Bay Area News Group’s shared services center in San consolidate advertising functions in the East Bay and San hire commission-only sales representatives to develop new business, and win some additiona l subcontracting rights, according to the Guild. The contracyt negotiations have taken place during grim times fordailt newspapers.
Several major papersx have folded in recent including the and the print version ofthe , and many major metropolitan papers, including the San Francisco Chronicle , , , and face dauntintg financial challenges.
The new contract cuts pay 7 percent for the rest of and slashes an additional 2 percent from paychecks starting onNew Year’w Day. The Media Workers Guild’s Northernb California unit announced late last week that it had reacher a tentative contract deal with the Mercury News for its 257 memberx atthe paper. The contacy also increases employee health insurance contributions and makedother concessions. The Guild represents 257 Mercury News including 130 in editorial jobs and 127in circulation, finance and support A ratification meeting to discuss and vote on the proposedd contract was held Monday The new contract expires Nov. 30, 2010.
Otherf concessions include reduced vacationn accruals and movingthe Merc’s copy desk to Walnu t Creek, where MediaNews’ is based. It owns the Mercury News and 11 other daily papers in the which include virtually all of the dailu papers in the Bay Area except theand . “This is a tough contracg that will hurt a lot of our but it reflects the terrible situation that the news industru and the countryis in,” San Jose Guilrd President Sylvia Ulloa said in a statementy published in the Mercury News . Ulloza was on the bargaining committee that negotiateedwith management.
“The committee did the best we could do to limiy the damage toour members, minimize the loss of jobs and to try to maintaimn the quality of the Mercurh News.” The deal would also permit managemenr to require up to five furloug h days in 2010, move remaininv circulation and finance jobs to the Bay Area News Group’s shared services center in San consolidate advertising functions in the East Bay and San hire commission-only sales representatives to develop new business, and win some additiona l subcontracting rights, according to the Guild. The contracyt negotiations have taken place during grim times fordailt newspapers.
Several major papersx have folded in recent including the and the print version ofthe , and many major metropolitan papers, including the San Francisco Chronicle , , , and face dauntintg financial challenges.
miércoles, 16 de mayo de 2012
hyperwave-exhausted.blogspot.com
“Roger Penske and Penske Automotive Group has purchasee theSaturn brand,” Davies says. “It’s a greatt day for Saturn.” Davies says the sale meansx dealers andemployees who’ve been on edge since GM announcefd it would jettison Saturn in can now breath a sigh of relief. “Today 350 dealershipsz were savedand 13,000 employees. This is fabulous Davies says. “We will be divorced from Generall Motors by the end of the A report fromBloomberg News, which citese an unidentified source, says Penske will pay between $100 millio n and $200 million for the Davies says companies are expected to release details of the deal lated on Friday, including who the new manufacturing company will be.
Penske Automotiver Group, Inc., headquartered in Bloomfield Hills, Mich. operates 310 retail automotived franchises, representing 40 differenyt brands. The successful sale of it’s Saturn brandc is the next stepfor cash-strapped GM, which filef for bankruptcy Monday. In May, the auto maketr announced it would beclosing 1,100 dealerships and a full 40 percentf of its dealer network — some 2,600 locations — by the end of next year. Earlier this Troy Pfaff of Pfaff Chevrolet Inc. in Mulvane, Kan., received a letter notifying him his dealership woulrd be amongthose cut. “It’as a tough deal,” he says.
“Bugt nothing’s really set in stone becauser it’s all dependant on the bankruptcy.” He says even if the courrt allows GM to close theselected dealerships, he will remainn a GM dealer until his contracy expires next year. “I’m stilk in business,” he says. “I’jm open until October
“Roger Penske and Penske Automotive Group has purchasee theSaturn brand,” Davies says. “It’s a greatt day for Saturn.” Davies says the sale meansx dealers andemployees who’ve been on edge since GM announcefd it would jettison Saturn in can now breath a sigh of relief. “Today 350 dealershipsz were savedand 13,000 employees. This is fabulous Davies says. “We will be divorced from Generall Motors by the end of the A report fromBloomberg News, which citese an unidentified source, says Penske will pay between $100 millio n and $200 million for the Davies says companies are expected to release details of the deal lated on Friday, including who the new manufacturing company will be.
Penske Automotiver Group, Inc., headquartered in Bloomfield Hills, Mich. operates 310 retail automotived franchises, representing 40 differenyt brands. The successful sale of it’s Saturn brandc is the next stepfor cash-strapped GM, which filef for bankruptcy Monday. In May, the auto maketr announced it would beclosing 1,100 dealerships and a full 40 percentf of its dealer network — some 2,600 locations — by the end of next year. Earlier this Troy Pfaff of Pfaff Chevrolet Inc. in Mulvane, Kan., received a letter notifying him his dealership woulrd be amongthose cut. “It’as a tough deal,” he says.
“Bugt nothing’s really set in stone becauser it’s all dependant on the bankruptcy.” He says even if the courrt allows GM to close theselected dealerships, he will remainn a GM dealer until his contracy expires next year. “I’m stilk in business,” he says. “I’jm open until October
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