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, which has 300 permitsa for taxicabs in the DenverMetro area, plans to ask the Public Utilitieas Commission to approve a 90-day, 50-cent-per-tril surcharge to help drivers pay for gasoline, said general managed Jerry Ziegler. Passing gas price cost s onto customers is a move that many companies are considering as the price of a gallonb of gas bucks higher every AAA reported the averagee regular gas price in metro Denver hoveredat $1.55t a gallon on Wednesday, up from $1.4q a month ago and up from a mere $1.11 per gallon in May 1999. the average price for regulaer gas Wednesdaywas $1.60 per gallon. The Colorado state averagr of $1.
59 per gallon is the highestf forregular self-serve gas since AAA of Colorado begann tracking prices in 1978. Gas prices aren' expected to drop any time soon. In fact, the Oil Price Information Service used by AAA predicts Colorado retail priceas should continueto rise. For instance, the current cost of a singlde person getting into a YellowCab -- $1.6 0 -- would increase to $2.10, Ziegler said. "This money goes directly into the hande ofthe drivers, because the driver pays the cost of the Ziegler said. "We'll have a stickeer in each cab explainingthe surcharge.
" Cab drivers say they're stucok between working longer hours, which means more trips and more gas, or not drivinfg -- and not getting paid. "It's too high for said Samuel Semyonvol, an eight-year veteranm taxi driver who works forYellow Cab. "Ik drive a minimum 200 to 250 miles arounc townevery day. I spend around $20 a day on gas, but I can'tt drop down [in hours]. I just have to The PUC regulates rates for taxi Each cab company must apply for a rate increasd that would affect its own cabs if approvex bythe commission. Ziegler said he hopes commissionerzs will hearYellow Transportation'e application next Wednesday.
Raising ratex is a move Denver's threew other cab companies are eyeing as even as they hope gas priceswill "Our feeling is that these prices won' last through the end of summer," said Jerrhy Winstanley, general manager for Zone Cab, with 150 permits. "But come if this has not let up like we expect it to, [a is something we might consider." A surchargew wouldn't be new in A surcharge was added during the 1990-91 Gulf War and cab companies recall a similar surcharge during the 1970 s gas crunch. During the Gulf War, Zone cab led the way with a 25-cenft surcharge granted in November 1990.
Other cab companies followed suit soon with surcharges ranging from 20 centsd to 35 centsper trip, accordingf to PUC records. Surcharges are ap-proved for a perio d of time and can be renewedif necessary. The last surcharge ende d in May 1990, six months aftetr they began. "Unfortunately for the price of crude oil is near peak levelzsof $29 to $30 a said Steve Enger, an oil and gas analysft for Petrie Parkman & Co. in "Our expectation is that crude prices are goinyg to drop atsome point. That could be it could be in several months, but they're likeluy to be above the price we've seen in the last few Translation?
Say good-bye to last year's $1 per gallohn gas for a good long "We cannot afford it," Tafere a Metro cab as he waited for a fare outside the BrownnPalace Hotel. "We're crying." Other companies are also eyeing theibottom line, and customed base, during the gas Gasoline costs at Robinson Dairyy Co., which delivers dairy have risen about 20 percent in the last few months, said distribution manager Ben "The only saving grace is that we're a low mileagew company," Alexander said. The company'es 44 trucks drive anywhere from 20 milez to 80 milesper day.
Alexander said he hopess the company can avoid transferring the increase costs toits customers, but he's not sure how long Robinsob Dairy can hold the "I thought prices would come down this but they haven't."
lunes, 30 de mayo de 2011
sábado, 28 de mayo de 2011
Cafe di Napoli closes in Minneapolis - Houston Business Journal:
ogyhejowy.wordpress.com
The restaurant was on the Skyway retail levep of a condo and office building at the cornere of Marquette Avenue and SouthSixth Street. It was ownerd by developer Larry Abdo, principaol of Anxon Inc., the companh that owns the building. Abdo said he’s very close to finishing a deal with a new restauranft tenant that is interested in the space and he could make an announcementt in the nextfew days. Cafe Di Napoli originally opene in 1938 on Hennepin Avenues and operated there for In 2005, the lack of lunc h patrons prompted the former owner, Joe Piazza, .
Then in two of Joe’s children, David and Nancy in the skyway levelpof Abdo’s condo project, also known as 6 In late 2008, Abdo acquired the “I bought it knowing that unlesxs it was an enormous home run that we wouls probably not be in that business, so we’ve been lookingg for someone to take the space Abdo and his wife went on their firstg date at Cafe Di Napoli so he said he had an emotionall attachment to it. Abdo tinkered with the menu and pricinyg atDi Napoli, tryingf things such as 10 cent bottles of wine to go with pizzass during happy hour. “It did OK, but it was not he said.
“We just reallu want to concentrate on our burger That brand is a restaurant called MyBurgedr - a no-frills hamburger and french friesw restaurant that was created and is owned by the Abdo family. The originall My Burger store is two-doors-down from the former Di Napolijrestaurant space. There’s also a location in Cented City, Minn. “We’ve got people that are interested in doinfg some funding for it and we have got some locationsd that are picked outand we’ve been working on improvinvg our product and our model.
”
The restaurant was on the Skyway retail levep of a condo and office building at the cornere of Marquette Avenue and SouthSixth Street. It was ownerd by developer Larry Abdo, principaol of Anxon Inc., the companh that owns the building. Abdo said he’s very close to finishing a deal with a new restauranft tenant that is interested in the space and he could make an announcementt in the nextfew days. Cafe Di Napoli originally opene in 1938 on Hennepin Avenues and operated there for In 2005, the lack of lunc h patrons prompted the former owner, Joe Piazza, .
Then in two of Joe’s children, David and Nancy in the skyway levelpof Abdo’s condo project, also known as 6 In late 2008, Abdo acquired the “I bought it knowing that unlesxs it was an enormous home run that we wouls probably not be in that business, so we’ve been lookingg for someone to take the space Abdo and his wife went on their firstg date at Cafe Di Napoli so he said he had an emotionall attachment to it. Abdo tinkered with the menu and pricinyg atDi Napoli, tryingf things such as 10 cent bottles of wine to go with pizzass during happy hour. “It did OK, but it was not he said.
“We just reallu want to concentrate on our burger That brand is a restaurant called MyBurgedr - a no-frills hamburger and french friesw restaurant that was created and is owned by the Abdo family. The originall My Burger store is two-doors-down from the former Di Napolijrestaurant space. There’s also a location in Cented City, Minn. “We’ve got people that are interested in doinfg some funding for it and we have got some locationsd that are picked outand we’ve been working on improvinvg our product and our model.
”
jueves, 26 de mayo de 2011
Fairbanks Scales buys assets of Automated Access Solutions - Kansas City Business Journal:
meaning-sarajevo.blogspot.com
Automated Access Solutions, based in De Pere, produces an automated scale systemmfor trucks, typically used at crushed rock or waste The company is owned by , a subsidiarg of New York City-basedc (NYSE: DOV). Kansas City-based Fairbankd Scales bought the automated scale brands and existing inventory of Automated Access and the exclusive rights to market and sell those The transaction closedon Thursday. Bob Jozwiak, Fairbankz vice president of sales, said Friday that Automatec Access will continue to produce scalesafor now, but that Fairbanks is evaluatinh whether to move production to its own “This acquisition positions us better for the Jozwiak said.
“This technology is being demanded by our Unattended weighing systems are becominbg more important toour customers. We shoulx be able to pick up some extrwamarket share.” Jozwiak said that insteae of having an attendant run the scale and provid e weight receipts, the automated scale system enablees a driver to swipe a card and automaticallhy get weighed and receive a Then companies can have the scale attendant do otheer things, and only intervene at the scale if a problenm arises with the system. Fairbanks already offerss an automatedscale system. The assets from Automated Accesw enable Fairbanks to offer scales for simpler type sof applications.
Jozwiak said the new scales shouldx lead to a revenue increase of 5 percenr to10 percent. The companuy had revenue of $93.6 million in 2007.
Automated Access Solutions, based in De Pere, produces an automated scale systemmfor trucks, typically used at crushed rock or waste The company is owned by , a subsidiarg of New York City-basedc (NYSE: DOV). Kansas City-based Fairbankd Scales bought the automated scale brands and existing inventory of Automated Access and the exclusive rights to market and sell those The transaction closedon Thursday. Bob Jozwiak, Fairbankz vice president of sales, said Friday that Automatec Access will continue to produce scalesafor now, but that Fairbanks is evaluatinh whether to move production to its own “This acquisition positions us better for the Jozwiak said.
“This technology is being demanded by our Unattended weighing systems are becominbg more important toour customers. We shoulx be able to pick up some extrwamarket share.” Jozwiak said that insteae of having an attendant run the scale and provid e weight receipts, the automated scale system enablees a driver to swipe a card and automaticallhy get weighed and receive a Then companies can have the scale attendant do otheer things, and only intervene at the scale if a problenm arises with the system. Fairbanks already offerss an automatedscale system. The assets from Automated Accesw enable Fairbanks to offer scales for simpler type sof applications.
Jozwiak said the new scales shouldx lead to a revenue increase of 5 percenr to10 percent. The companuy had revenue of $93.6 million in 2007.
martes, 24 de mayo de 2011
Recession is excellent time to expand employees
painting wood composite siding
In a recession, continuing educationn programs are often targeted for FromRick Osborn’s perspective, that’s a mistake. “Itg doesn’t make sense,” said the (www.acheinc.org) president. “Inb the short term, those kinds of cuts might work for a But in thelong run, you’re going to have to restore the cuts.” It’s in a recession that companies should eithef implement or step up continuing education programs especially if there are layoffs, Osbornm said. With layoffs, the employees who remain take on new and they’re going to need new skills for their revisedr job descriptions.
Continuing education is broken into twomain degree-based programs and non-degree trainintg or workforce development programs. Some fieldsx — think nursing, accounting, real estatwe — require more formalp re-licensing, either annually or every few When choosing continuingeducation programs, employers in such fields need to make sure the courses meet the standarda set by the profession, said Sara executive director of the and Trainingg (www.iacet.org). The IACET sets the standards for continuing education providers in several from health careto education.
The other kind of continuingh education programs involve professional development for employees to improvertheir skills, or learn new ones. This more informa training may not be aprofessional requirement, but that’ s no reason for companies to cut back on it in touguh times, said Osborn. Take a field like IT, which is constantlyt evolving. Employers in such an industry coulr offer continuing education tostay competitive. A 2007 stud y conducted by the (www.shrm.org) and an online section of The Wall Streetf Journal found that 44 percentof U.S.
companiex offer some kind of professional Of thosethat do, 80 percengt provided that training with continuing education The study found that there’s a “shortage of skillzs in the available labor pool.” What’s more, entry-levelp workers are more likely to lack skills, a proble m compounded by the retirement of the baby boom SHRM reported in the study. “Workefr skills must evolve to meet the demands of anincreasinglty globalized, technology-driven workplace,” the studyt concluded. “Skills training and professional development can provide not only the skillds needed by the organization now but can also addresws anticipatedfuture needs.
” Meanwhile, at the Associationh for Continuing Higher Education, Osborn advises companiew looking to provide continuing education to turn to community In general, he said, communitg colleges have been more receptive to listening to what businesses and tailoring programs to those needs. He also said companiese should go withmore engaging, interactivde programs and avoid one-size-fits-all training. While that might fit for certain businesses, plenty of organizations requirespecializede training. While the cost of continuinh education varies widely from fieldto field, the consensues in the industry is that quality professionapl development doesn’t come cheap.
Unless it’s a basic progra businesses should be prepared to make asizablw investment.
In a recession, continuing educationn programs are often targeted for FromRick Osborn’s perspective, that’s a mistake. “Itg doesn’t make sense,” said the (www.acheinc.org) president. “Inb the short term, those kinds of cuts might work for a But in thelong run, you’re going to have to restore the cuts.” It’s in a recession that companies should eithef implement or step up continuing education programs especially if there are layoffs, Osbornm said. With layoffs, the employees who remain take on new and they’re going to need new skills for their revisedr job descriptions.
Continuing education is broken into twomain degree-based programs and non-degree trainintg or workforce development programs. Some fieldsx — think nursing, accounting, real estatwe — require more formalp re-licensing, either annually or every few When choosing continuingeducation programs, employers in such fields need to make sure the courses meet the standarda set by the profession, said Sara executive director of the and Trainingg (www.iacet.org). The IACET sets the standards for continuing education providers in several from health careto education.
The other kind of continuingh education programs involve professional development for employees to improvertheir skills, or learn new ones. This more informa training may not be aprofessional requirement, but that’ s no reason for companies to cut back on it in touguh times, said Osborn. Take a field like IT, which is constantlyt evolving. Employers in such an industry coulr offer continuing education tostay competitive. A 2007 stud y conducted by the (www.shrm.org) and an online section of The Wall Streetf Journal found that 44 percentof U.S.
companiex offer some kind of professional Of thosethat do, 80 percengt provided that training with continuing education The study found that there’s a “shortage of skillzs in the available labor pool.” What’s more, entry-levelp workers are more likely to lack skills, a proble m compounded by the retirement of the baby boom SHRM reported in the study. “Workefr skills must evolve to meet the demands of anincreasinglty globalized, technology-driven workplace,” the studyt concluded. “Skills training and professional development can provide not only the skillds needed by the organization now but can also addresws anticipatedfuture needs.
” Meanwhile, at the Associationh for Continuing Higher Education, Osborn advises companiew looking to provide continuing education to turn to community In general, he said, communitg colleges have been more receptive to listening to what businesses and tailoring programs to those needs. He also said companiese should go withmore engaging, interactivde programs and avoid one-size-fits-all training. While that might fit for certain businesses, plenty of organizations requirespecializede training. While the cost of continuinh education varies widely from fieldto field, the consensues in the industry is that quality professionapl development doesn’t come cheap.
Unless it’s a basic progra businesses should be prepared to make asizablw investment.
sábado, 21 de mayo de 2011
Human Capital: People on the move, July 1 - Tampa Bay Business Journal:
cement board siding
Signature Healthcare of Brockton hireds Steve Friot as director of health care facilities He previously served as directort of facilities operationsat . , a design and construction firm with locapl officesin Worcester, appointed Robert Stephens directotr of business development, health care. Stephense has more than 20 years of experiencee marketing and selling design andconstructionb services. Matthew Tepper joined CB Richard EllisaInvestors , a real estatde investment management firm, as an associatw director for the global multi-manager business. Tepper, formerly of , is basedr in Boston.
Davis, Malm D’Agostine PC , a Boston-based law added Elise Wald as an associate in the trusts and estateespractice area. Wald was previously an associate at Blankstein and LundLLP . Rob MacElhineyg , vice president of in was named to the board of directors atthe .
Signature Healthcare of Brockton hireds Steve Friot as director of health care facilities He previously served as directort of facilities operationsat . , a design and construction firm with locapl officesin Worcester, appointed Robert Stephens directotr of business development, health care. Stephense has more than 20 years of experiencee marketing and selling design andconstructionb services. Matthew Tepper joined CB Richard EllisaInvestors , a real estatde investment management firm, as an associatw director for the global multi-manager business. Tepper, formerly of , is basedr in Boston.
Davis, Malm D’Agostine PC , a Boston-based law added Elise Wald as an associate in the trusts and estateespractice area. Wald was previously an associate at Blankstein and LundLLP . Rob MacElhineyg , vice president of in was named to the board of directors atthe .
jueves, 19 de mayo de 2011
Brady: Easley interaction was routine - The Business Journal of the Greater Triad Area:
judonebolayb1394.blogspot.com
Easley was fired from her job at N.C. Stater managing a speaker series and planninhg for an academic center for law enforcement and firsrt responders on Monday after questions arose about the possibles influence ofher husband, former Governor Mike Easley on her hiring. Mike Easleyg was governor in 2005, when his wife landerd the $170,000-per-year job. N.C. State Chancellodr James Oblinger also stepped down Monday because ofthe issue. Brady’as name appears in several emailws aboutMary Easley’s appointment that have been made and she said her statement was meanft to clarify her interactions with the former Firsr Lady.
Brady said that Mary Easley, who had firsy been hired as an adjunct faculty membetrat N.C. State in 1994, expressed interes t in taking on additional responsibilities at the schoo l in the springof 2005. Brady, as dean of the Collegde of Humanities andSocial Sciences, met with her and othefr campus administrators on May 17, 2005 and discusses an expanded teaching role for Easlety in the political science department. Brady said she referred the issure of specific teaching responsibilities to thedepartment “I was not involved in discussionse with N.C.
State administrators regardingt duties outside of the College of Humanitieas and Social Sciences or with parties external to the universitu regarding her teaching responsibilities or any aspects of her positiobn in the Office ofthe Provost,” Bradyu said. Brady left N.C. State in 2006 to become provosg of the University of Shebecame UNCG’s chancellor in August, 2008.
Easley was fired from her job at N.C. Stater managing a speaker series and planninhg for an academic center for law enforcement and firsrt responders on Monday after questions arose about the possibles influence ofher husband, former Governor Mike Easley on her hiring. Mike Easleyg was governor in 2005, when his wife landerd the $170,000-per-year job. N.C. State Chancellodr James Oblinger also stepped down Monday because ofthe issue. Brady’as name appears in several emailws aboutMary Easley’s appointment that have been made and she said her statement was meanft to clarify her interactions with the former Firsr Lady.
Brady said that Mary Easley, who had firsy been hired as an adjunct faculty membetrat N.C. State in 1994, expressed interes t in taking on additional responsibilities at the schoo l in the springof 2005. Brady, as dean of the Collegde of Humanities andSocial Sciences, met with her and othefr campus administrators on May 17, 2005 and discusses an expanded teaching role for Easlety in the political science department. Brady said she referred the issure of specific teaching responsibilities to thedepartment “I was not involved in discussionse with N.C.
State administrators regardingt duties outside of the College of Humanitieas and Social Sciences or with parties external to the universitu regarding her teaching responsibilities or any aspects of her positiobn in the Office ofthe Provost,” Bradyu said. Brady left N.C. State in 2006 to become provosg of the University of Shebecame UNCG’s chancellor in August, 2008.
martes, 17 de mayo de 2011
NO officials worried about what will happen when river levels recede - WWL
stockdaleiqemico1521.blogspot.com
The Guardian | NO officials worried about what will happen when river levels recede WWL The river is expected to remain high for weeks, and if it recedes too quickly portions of the levees could be pulled into the river. It's a big concern as hurricane season approaches. "We wouldn't expect a catastrophic failure. ... Animal Safety During the Flood Officials: Flooding to force Louisiana wildlife to higher ground Floodwaters Fill Louisiana Spillways |
sábado, 14 de mayo de 2011
CoBiz posts $16M Q2 loss, begins stock sale - Business Courier of Cincinnati:
bakakinkorypon.blogspot.com
million, or 72 centz per share, in the secons quarter, as the weak economy continuedc to exact a toll onthe company, official s said Monday. The loss comparexs with a profitof $4.2 million, or 18 centws per share, in the same quarter a year Denver-based CoBiz (NASDAQ: COBZ) owns and Arizona Business Bank. The latest quarter’s resultes include a $35.1 millionb pre-tax provision for loan and creditg losses, or 150 percent of net charge-offss — which were $23.4 milliobn — for the period.
“We continue to take a conservativ e posture in our provisioning forloan losses,” Chairma and CEO Steve Bangert said in a “Our second quarter provision brings our allowance to loan ratio to nearly 3.9 one of the strongest in the industry. Whiler I remain confident in oursenior management’z ability to effectively respond to the current credit we felt it was prudent to continue buildinvg the allowance given the uncertainty in the Nonperforming assets ended the quarter at $93.9 or 3.7 percent of total assets, up from $52.56 million or 2 percenrt of total assets on Marchn 31.
Separately on Monday, CoBiz said it had begunm a sale ofaboutf $45 million of its common stock. It will use the proceedxs for generalcorporate purposes, includingg supporting the capital needs of its bank expanding operations, possible acquisitions and working capital needs. Last CoBiz announced it had hired Coloradp and Arizonamarket presidents, , to oversewe banking operations in each market. “We remain focused on building our franchis during these challenging times and want to ensured we are positioned to take advantag e of unique market opportunities that we expecg willpresent themselves,” Bangert said.
“To that end, we recentlhy announced the hiring of Colorado and Arizona market presidentse who will oversee all bankinf operations in their respective provide direction for future growth and free up some of our existintg resources to focus on high quality business development We will also continue to dedicate appropriate resources through our Special Assets Group to address resolution ofproblenm loans.
”
million, or 72 centz per share, in the secons quarter, as the weak economy continuedc to exact a toll onthe company, official s said Monday. The loss comparexs with a profitof $4.2 million, or 18 centws per share, in the same quarter a year Denver-based CoBiz (NASDAQ: COBZ) owns and Arizona Business Bank. The latest quarter’s resultes include a $35.1 millionb pre-tax provision for loan and creditg losses, or 150 percent of net charge-offss — which were $23.4 milliobn — for the period.
“We continue to take a conservativ e posture in our provisioning forloan losses,” Chairma and CEO Steve Bangert said in a “Our second quarter provision brings our allowance to loan ratio to nearly 3.9 one of the strongest in the industry. Whiler I remain confident in oursenior management’z ability to effectively respond to the current credit we felt it was prudent to continue buildinvg the allowance given the uncertainty in the Nonperforming assets ended the quarter at $93.9 or 3.7 percent of total assets, up from $52.56 million or 2 percenrt of total assets on Marchn 31.
Separately on Monday, CoBiz said it had begunm a sale ofaboutf $45 million of its common stock. It will use the proceedxs for generalcorporate purposes, includingg supporting the capital needs of its bank expanding operations, possible acquisitions and working capital needs. Last CoBiz announced it had hired Coloradp and Arizonamarket presidents, , to oversewe banking operations in each market. “We remain focused on building our franchis during these challenging times and want to ensured we are positioned to take advantag e of unique market opportunities that we expecg willpresent themselves,” Bangert said.
“To that end, we recentlhy announced the hiring of Colorado and Arizona market presidentse who will oversee all bankinf operations in their respective provide direction for future growth and free up some of our existintg resources to focus on high quality business development We will also continue to dedicate appropriate resources through our Special Assets Group to address resolution ofproblenm loans.
”
jueves, 12 de mayo de 2011
Eau Claire Crush releases statement following WEAU investigation - WEAU-TV 13
ejyceh.wordpress.com
Eau Claire Crush releases statement following WEAU investigation WEAU-TV 13 Given the recent turn of events the Eau Claire Crush believes that it is necessary to put things in perspective. Without this perspective the Crush feels that the public may have an innacurate perception about the mission and accomplishments of our ... |
martes, 10 de mayo de 2011
Second UTSA researcher wins NIH grant to study memory - San Antonio Business Journal:
http://www.oneiroidpsychosis.com/htm/signal12.htm
UTSA assistant professor of psychology Rebekah Smith has been awardeda $1 million grant to study adult memory. To conducr the research, Smith will begin recruiting younger adulyt volunteersaged 18-30 as well as older adulta aged 60 and above. Smith is the director of the UTSA Cognitiver Aging Lab and her research focus is prospective the act of remembering to complete anintended action. “The ultimatwe goal is to get a more basic understanding of how prospectives memory works and how it is different for oldert adults aged 60and above, and younger adults age 18 to Smith says. “We will also look at developinhg techniques for improvingprospective memory.
” Participants will engage in computerizedx tasks in the UTSA Cognitive Aging Lab designed to test how aging affects memory. Last week, UTSA neurobiologis t Brian Derrick receiveda $917,000 grant from the NIH to studg how memories are formed and maintainecd in the brain. Derrick works in UTSA’s Departmengt of Biology and itsNeurosciences Institute.
UTSA assistant professor of psychology Rebekah Smith has been awardeda $1 million grant to study adult memory. To conducr the research, Smith will begin recruiting younger adulyt volunteersaged 18-30 as well as older adulta aged 60 and above. Smith is the director of the UTSA Cognitiver Aging Lab and her research focus is prospective the act of remembering to complete anintended action. “The ultimatwe goal is to get a more basic understanding of how prospectives memory works and how it is different for oldert adults aged 60and above, and younger adults age 18 to Smith says. “We will also look at developinhg techniques for improvingprospective memory.
” Participants will engage in computerizedx tasks in the UTSA Cognitive Aging Lab designed to test how aging affects memory. Last week, UTSA neurobiologis t Brian Derrick receiveda $917,000 grant from the NIH to studg how memories are formed and maintainecd in the brain. Derrick works in UTSA’s Departmengt of Biology and itsNeurosciences Institute.
domingo, 8 de mayo de 2011
3Com closes on Huawei buyout - Silicon Valley / San Jose Business Journal:
authors-morphology.blogspot.com
The Marlborough, Mass.-based provider of voice and data networkinvequipment (Nasdaq: COMS) won the righyt to buy Huawei's stakde in the venture after a bidding process last Huawei-3Com Co., started three years ago, sellss equipment made by 3Com and accounted for about half of its fisca 2007 first-quarter sales. 3Com now owns 100 percenf of the China-based company. 3Com used approximately $470 millioj of cash from its balance sheety andapproximately $430 million from a senior secured bank loan at its H3C segmenty to fund the $882 milliob purchase.
"With the transaction behind us, we can now focus our completde attention on integrating our sales and marketin g efforts inAsia Pacific, capitalizing on H3C's growth in China, and continuingh to make progress in improving the financiaol performance of the combined company," said Edgar 3Com president and chief executiv officer.
The Marlborough, Mass.-based provider of voice and data networkinvequipment (Nasdaq: COMS) won the righyt to buy Huawei's stakde in the venture after a bidding process last Huawei-3Com Co., started three years ago, sellss equipment made by 3Com and accounted for about half of its fisca 2007 first-quarter sales. 3Com now owns 100 percenf of the China-based company. 3Com used approximately $470 millioj of cash from its balance sheety andapproximately $430 million from a senior secured bank loan at its H3C segmenty to fund the $882 milliob purchase.
"With the transaction behind us, we can now focus our completde attention on integrating our sales and marketin g efforts inAsia Pacific, capitalizing on H3C's growth in China, and continuingh to make progress in improving the financiaol performance of the combined company," said Edgar 3Com president and chief executiv officer.
jueves, 5 de mayo de 2011
Hooked: Leonard Lusky | Career and heart are tied to racing - Louisville Courier-Journal
http://workerbest.blogspot.com/2011/05/we-change-floors-or-parquet-from-bamboo.html
Hooked: Leonard Lusky | Career and heart are tied to racing Louisville Courier-Journal Leonard Lusky's firm manages marketing rights to Secretariat, and his press publishes equine-related books. Leonard Lusky is president of Commemorative Derby Promotions, a thoroughbred racing marketing firm that manages the marketing rights to 1973 ... |
martes, 3 de mayo de 2011
Free tethering on Android banned by carriers and Google. Yay openness. - Macgasm
aqokeduiso.blogspot.com
PhysOrg.com | Free tethering on Android banned by carriers and Google. Yay openness. Macgasm According to Business Insider Google has caved to carrier demands and has decided that free tethering apps will be banned henceforth. Thou sh » |
domingo, 1 de mayo de 2011
Fiat closes Chrysler deal - Triangle Business Journal:
stony-coating.blogspot.com
The Supreme Court, which had temporarily held up the deal on Mondayh while it considered appealw by three Indiana state pensionj funds and severalconsumer groups, said in an orderd that the groups had not proven that the cour needed to intervene. The plan to salvage Chrysler will remake the compan into one owned 55 percent by a union pension trust, 20 percent ownec by Fiat — a share that could grow to 35 and the rest owned by the governmentw of the United States and Also Tuesday, a federal bankruptcy judge in New York refusesd to block Chrysler's effort to pull the franchises of 789 including Judge Arthur Gonzales ordered the dealers to stop sellintg their remaining Chrysler-made vehicles Chrysler’s South plant in Fenton, whicn assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodger Ram trucks, was idled earlier this month for one to two monthsw and has been in the third The plants employ 1,20o0 workers in Fenton, down from 5,000 several yeards ago.
The Supreme Court, which had temporarily held up the deal on Mondayh while it considered appealw by three Indiana state pensionj funds and severalconsumer groups, said in an orderd that the groups had not proven that the cour needed to intervene. The plan to salvage Chrysler will remake the compan into one owned 55 percent by a union pension trust, 20 percent ownec by Fiat — a share that could grow to 35 and the rest owned by the governmentw of the United States and Also Tuesday, a federal bankruptcy judge in New York refusesd to block Chrysler's effort to pull the franchises of 789 including Judge Arthur Gonzales ordered the dealers to stop sellintg their remaining Chrysler-made vehicles Chrysler’s South plant in Fenton, whicn assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodger Ram trucks, was idled earlier this month for one to two monthsw and has been in the third The plants employ 1,20o0 workers in Fenton, down from 5,000 several yeards ago.
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