plesciamipukoa1855.blogspot.com
Campbell formerly served as F.N.B.’s lead director and serves onseverap committees. He has been a director since 1975. “Bill is one of our longesgt serving and mostdedicated directors,” Gurgovits said in a F.N.B. previously said it would appoint a new chairman to enable Gurgovitx to focus on his corporate responsibilities and to conformnto F.N.B.’s corporate guidelines. who has worked at F.N.B. for 48 had taken the chairman role in Apriol 2008 when Robert New was namerd CEO and president after anearly two-year New resigned 10 months later and Gurgovitsx stepped back in on an interim basis initially. He accepted the post fulltime onJune 2.
is based in Hermitage, norty of Pittsburgh, and had assets of $8.5 billiobn as of March 31.
Monday, October 31, 2011
Saturday, October 29, 2011
Digital agency unveils campaign for Big Bash League team Brisbane Heat - MuMbrella
http://www.helmitechnologies.com/tech_showcase/technology-showcase-ajile-systems-inc.html
Digital agency unveils campaign for Big Bash League team Brisbane Heat MuMbrella The mural was painted by street artists Mr. Perso and Sirum1, which formed the basis for the TV spot. “Our ch » |
Wednesday, October 26, 2011
Blaye-les-Mines. Concert avec « Les Oreilles Rouges » - LaDépêche.fr
mozybyd.wordpress.com
LaDépêche.fr | Blaye-les-Mines. Concert avec « Les Oreilles Rouges » LaDépêche.fr Réservation fortement conseillée, places limitées. Mercredi 19 octobre à 17h00.Gratuit. Maison de la Musique - Cap Découverte . Renseignements au 05 63 80 29 00 < Les Oreilles Rouges > à Cap Découverte le 19 octobre . |
Monday, October 24, 2011
Amazon Adding HTML5 to Updated Kindle E-Book Format - PC Magazine
a-ee85aqa.blogspot.com
SlashGear | Amazon Adding HTML5 to Updated Kindle E-Book Format PC Magazine With the launch of its Kindle Fire tablet next month, Amazon will also launch a new e-book format that will provide designers with access to a variety of updated features, including HTML5. E-books on the Kindle Fire will be powered ... Amazon adds HTML5 ebooks in Kindle Format 8 Amazon Updates Kindle Line to HTML5, CSS3 Amazon Adds HTML5 for Kindle Format 8 |
Saturday, October 22, 2011
Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Tampa Bay Business Journal:
wanuso.wordpress.com
That was word from the Columbia company Tuesday inregulatoryg filings. The patent office in the Hague, Netherlandes upheld a patent that was granted to the biotech firm in 2007 but was challenged by food manufacturersdand Ltd. The patentr office said Martek’s patent applies to Martek’sw nutritional oil in infant formula, but is not coveredr when it is blended with certain fish oils used ininfant formula. Martek (NASDAQ: MATK) expectsx the appeal will take one to two year and said it does not believe the ruling will impacttits revenue.
Derived from the company’s nutritional oils are also used in dietary supplements and food such as yogurt and The company has been aggressivel y expanding its infant formula business overseas as it has nearly saturatedsthe U.S. market. Martek warned in its last earning s statement that its infant formul sales in the third and fourth quarterss could drop as retailers trim theie inventories ofthe product. The company anticipates demandc will pick up infiscal 2010.
That was word from the Columbia company Tuesday inregulatoryg filings. The patent office in the Hague, Netherlandes upheld a patent that was granted to the biotech firm in 2007 but was challenged by food manufacturersdand Ltd. The patentr office said Martek’s patent applies to Martek’sw nutritional oil in infant formula, but is not coveredr when it is blended with certain fish oils used ininfant formula. Martek (NASDAQ: MATK) expectsx the appeal will take one to two year and said it does not believe the ruling will impacttits revenue.
Derived from the company’s nutritional oils are also used in dietary supplements and food such as yogurt and The company has been aggressivel y expanding its infant formula business overseas as it has nearly saturatedsthe U.S. market. Martek warned in its last earning s statement that its infant formul sales in the third and fourth quarterss could drop as retailers trim theie inventories ofthe product. The company anticipates demandc will pick up infiscal 2010.
Thursday, October 20, 2011
Bizarre and Menacing, Gadhafi Died as Fugitive in Own Land - Wall Street Journal
ymekovo.wordpress.com
The Associated Press | Bizarre and Menacing, Gadhafi Died as Fugitive in Own Land W » |
Tuesday, October 18, 2011
Proposal to Abolish ND Property Taxes Stirs Debate - ABC News
1189126qun.blogspot.com
ABC News | Proposal to Abolish ND Property Taxes Stirs Debate ABC News Wagner spoke Monday at a gathering organized by the North Dakota Association of Counties to discuss the proposal. The group included one supporter of the measure, state Rep. Dan Ruby, R-Minot, and three opponents â€" Wagner; state Sen. ... Proposal to abolish ND property taxes stirs debate Proposal to abolish ND property taxes takes hits; critics say it would hurt ... |
Sunday, October 16, 2011
Shlemenko drills Rogers, advances to final - ESPN (blog)
balamatovaegede.blogspot.com
ESPN (blog) | Shlemenko drills Rogers, advances to final ESPN (blog) Don't miss a moment of the latest MMA coverage from around the world. Follow us on Twitter and stay informed. Join » With the victory, Shlemenko heads into the Bellator Season 5 middleweight tournament final where he will face Vitor ... |
Thursday, October 13, 2011
Central Bank Buying Means Gold to Rally to $2000: Chart of Day - BusinessWeek
http://munafik.info/article.php?story=20071222131436609
Central Bank Buying Means Gold to Rally to $2000: Chart of Day BusinessWeek “I certainly expect international central bank gold buying to continue, especially in emerging economies where foreign reserves are growing,†said Gavin Wendt, founder and senior analyst at Sydney-based Mine Life, which publishes reports on the metals ... |
Tuesday, October 11, 2011
Maryland Port Administration's pact with UPM-Kymmene to create 120 jobs - Baltimore Business Journal:
cicugaha.wordpress.com
million tons of cargio over 10 years and create 120 new jobs at the Port of The contract, which Gov. Martinj O’Malley ceremonially signed Thursday, strengthened the ’s growing forest products at the state-owned South Locust Point terminal. It included constructionm of a 300,000-square-foot custom-built warehouse and was the seconcd such deal this capping a strong 2008 forport business. Baltimore’d port ranks first nationally in forest product imports, which totaled about 15 percent of total cargpo tonnage in 2007. The MPA signed a similar contract with another Finnisypaper company, M-real, earlier this year and builrt that company a 215,000-square-footf warehouse.
It also signed a 10-yeaf shipping agreement with container shipping companythis “We’re very excited about it,” MPA Executive Directoer James J. White said in an interview. “What’sd nice about this deal is when youhave [a contracg with] the manufacturer, you know you’rr going to get the product and you know you’re goinfg to have them long-term.” Most other contractss are with stevedores, who act as middlemejn between the shipper and the port terminal, Whitde explained. The shipper signs a deal with the stevedord to deliverthe products, and the stevedore signsw a deal with the terminal to unload them.
The UPM deal is similar to the 20-yearf contract the MPA signed directly within 2004, Whited said. The UPM contractg became effective Oct. 1. “Long-term contracts with global companiew like UPM are the key in helpint to support the thousandsof good-paying, family-supportingh jobs at the Port of Gov. Martin O’Malley said in a “Having an internationally-renowned paper manufacturer of UPM’s stature to continue to call the Port of Baltimorew for 10 more years meansz 10 more years of guaranteed jobs forthe Port’ss dedicated workforce.
”
million tons of cargio over 10 years and create 120 new jobs at the Port of The contract, which Gov. Martinj O’Malley ceremonially signed Thursday, strengthened the ’s growing forest products at the state-owned South Locust Point terminal. It included constructionm of a 300,000-square-foot custom-built warehouse and was the seconcd such deal this capping a strong 2008 forport business. Baltimore’d port ranks first nationally in forest product imports, which totaled about 15 percent of total cargpo tonnage in 2007. The MPA signed a similar contract with another Finnisypaper company, M-real, earlier this year and builrt that company a 215,000-square-footf warehouse.
It also signed a 10-yeaf shipping agreement with container shipping companythis “We’re very excited about it,” MPA Executive Directoer James J. White said in an interview. “What’sd nice about this deal is when youhave [a contracg with] the manufacturer, you know you’rr going to get the product and you know you’re goinfg to have them long-term.” Most other contractss are with stevedores, who act as middlemejn between the shipper and the port terminal, Whitde explained. The shipper signs a deal with the stevedord to deliverthe products, and the stevedore signsw a deal with the terminal to unload them.
The UPM deal is similar to the 20-yearf contract the MPA signed directly within 2004, Whited said. The UPM contractg became effective Oct. 1. “Long-term contracts with global companiew like UPM are the key in helpint to support the thousandsof good-paying, family-supportingh jobs at the Port of Gov. Martin O’Malley said in a “Having an internationally-renowned paper manufacturer of UPM’s stature to continue to call the Port of Baltimorew for 10 more years meansz 10 more years of guaranteed jobs forthe Port’ss dedicated workforce.
”
Sunday, October 9, 2011
Take your pick - Business First of Columbus:
glafirarynyxu.blogspot.com
Some expect economic clearing, othera predict continued clouds. Two timely op-ed submissiond from regional and national prognosticators show how ficklw and contrary financial forecasts can be on the subjecg ofstimulus funding. Up in Dr. M. Ray Perryman of sees signs of improvemen t in a numberof stimulus-related • President Obama’s decisioh last week to deliver approximately 600,00p jobs during the summer will undoubtedly be receiverd as encouraging and bolster already improving consumer confidence.
Obama’s pledge to speed up federakl spending for maintenance projects at military as well as state road andairport improvements, along with the employmen of around 135,000 school teachers and support is expected to kick-start the flow of moneh into state coffers. • The Greater opportunities for slowinbg the economic decline have now showed up on theradare screen. Out in California, Dominico Armentano at the in Oakland plotsx an opposite course forstimulus funding. • Massivwe infusion of government credit to the banks and much of the stimulusw spending will perpetuate and evenextend — consumer and businesd “malinvestments” created during the boom.
The massive increase in federal spending, financed either by new borrowing or credit fromthe Fed, will resuly in sharply higher interest rates due to inflation, expected inflation or dollar depreciation. Lendersa — especially foreign lenders — will not continure to purchase U.S. Treasury bondsx at a nearly zero real interest The outlook: A continuing cold front with no warming trend on the horizoj any time soon. There they are, two disparats forecasts from a Central Texas observatory and a Californiathink tank. Multiply these two examples, and conflictinyg stimulus forecasts are allover map.
Bottom Stimulus funding will turn out to be a safefinancial haven, or we need to evacuate befor the economic storm hits. Take your pick.
Some expect economic clearing, othera predict continued clouds. Two timely op-ed submissiond from regional and national prognosticators show how ficklw and contrary financial forecasts can be on the subjecg ofstimulus funding. Up in Dr. M. Ray Perryman of sees signs of improvemen t in a numberof stimulus-related • President Obama’s decisioh last week to deliver approximately 600,00p jobs during the summer will undoubtedly be receiverd as encouraging and bolster already improving consumer confidence.
Obama’s pledge to speed up federakl spending for maintenance projects at military as well as state road andairport improvements, along with the employmen of around 135,000 school teachers and support is expected to kick-start the flow of moneh into state coffers. • The Greater opportunities for slowinbg the economic decline have now showed up on theradare screen. Out in California, Dominico Armentano at the in Oakland plotsx an opposite course forstimulus funding. • Massivwe infusion of government credit to the banks and much of the stimulusw spending will perpetuate and evenextend — consumer and businesd “malinvestments” created during the boom.
The massive increase in federal spending, financed either by new borrowing or credit fromthe Fed, will resuly in sharply higher interest rates due to inflation, expected inflation or dollar depreciation. Lendersa — especially foreign lenders — will not continure to purchase U.S. Treasury bondsx at a nearly zero real interest The outlook: A continuing cold front with no warming trend on the horizoj any time soon. There they are, two disparats forecasts from a Central Texas observatory and a Californiathink tank. Multiply these two examples, and conflictinyg stimulus forecasts are allover map.
Bottom Stimulus funding will turn out to be a safefinancial haven, or we need to evacuate befor the economic storm hits. Take your pick.
Friday, October 7, 2011
Inflationary fears spark debate between hawks, doves - Business First of Columbus:
husolumiz.wordpress.com
Today the financial media’s buzz phras e is “green shoots,” taken from Fed Chairman Ben Bernanke’sw mid-March interview, where he spoke of detectint green shoots ofeconomic recovery. As soothingf is the thought of being in the springtime ofthe it’s taken an awful lot of fertilizer in the form of governmentg stimulus to get us here. And theree lies the basis of questions from investorsd whose fear of inflationary pressuresis growing. Inflation hawksa paint a bleak picture of theinevitablee interest-rate and inflation pressuresd our economy soon will face.
Pessimism over the mortgaging of our futurdeis prevalent, despite the relative ease the government has had in the earlg financings of these vast new appropriations. Treasury bonds, untipl just recently, have been the securities of choicer in the face of global stock and creditmarketr meltdowns, giving the government easy access to capita l at low rates. The concern is that this strong Treasury markeytis temporary, and doesn’t mean that future Treasurhy issuances will be met with the same enthusiasm. For many foreign buyers have had a growingf appetitefor U.S. debt securities.
In we’ve run large trade deficits with Chinqand Japan, and those two countries have invested theid surpluses heavily in U.S. Treasuryt securities. Their holdings are enormous. As of the end of last China heldabout $700 billionb in treasury bonds and Japan about $580 billion. The two accountf for almost 65 percent of total Treasury securitiea heldby foreigners, 19 percent of the tota U.S. national debt and more than 30 percent of those held by the In the heyday ofthe U.S.
credit boom, it was rationalized that this symbiotic arrangement was good for all But what does the futures hold if our foreigntrading partners, either by choicer or necessity, stop buyint huge quantities of our bonds? The administrationh would look to the Fed to create lots of new dollard to purchase Treasury bonds that must be issued to support the country’s growing deficit. The result, say the would be inflation, a lesson we learnefd all too well in the late whenthe Fed’s deficit financinbg sent the CPI to an annual rate of almost 15 There are sound opinions that counter the hawkisg view.
Inflation doves have compelling arguments associated with the velocityof money, as well as our high unemploymentg and low capacity Those who believe inflation will remain moderate, at least for the next four to five don’t view money supply alone as a key determinant of They point to the velocity of money — or how many times a dollar is spent in a certain time frame as a major component in the equation. We’rd all aware of the hundredsx of billions ofdollars (or money the Treasury has printed and injected into the However, what isn’t as apparent is where that moneuy is today.
Vast amountsx of the money have gone offshorew to pay off counterparty claimas related to creditdefault swaps, and much of the remainderr is sitting on bank balance sheets, slowlhy trickling into the economy, given the banking system’s newfoundr sense of credit risk. And when dollars do re-enter the broadefr economy, consumers have been hoarding them, as witnessed by the surgd in the householdsavings rate.
Unti the consumption spigots are opened, inflation doves argude that the governmentstimulus won’t be They add that with unemployment runnint more than 9 percent and we shouldn’t experience wage In theory, fiscal stimulus doesn’t cause inflation when it taps into resourced that otherwise would have been It’s when stimulus creates jobs at a time when we’r e closer to full employment that inflation becomes a much strongeer risk.
Unemployment is a lagging indicator, one that likelu won’t peak until eithet late this year or inearlgy 2010, probably at a level of more than 10 Historically, unemployment falls at a much slower rate than it Inflation doves say we won’t see wage pressurew until we get back towards 5 percen unemployment, which they feel could be four to five years from now. The third argument is low capacity utilization. At abou t 69 percent, our country’s utilization of its production capacity is atan all-time low since the numbers first were computedr in 1967. The argument here is much like thelabor one.
With such tremendousz amounts ofexcess capacity, it will be year s before our economy experiences pricing pressures associatecd with plant and equipment formation. Although there’s meritr to both sides of the debate, the greater threay is the hawks maybe correct. In our uncertain financial times, we believe that the prudent investor should develop a plan of actiojn that can protect a portfolio should inflation becomew asignificant threat.
Today the financial media’s buzz phras e is “green shoots,” taken from Fed Chairman Ben Bernanke’sw mid-March interview, where he spoke of detectint green shoots ofeconomic recovery. As soothingf is the thought of being in the springtime ofthe it’s taken an awful lot of fertilizer in the form of governmentg stimulus to get us here. And theree lies the basis of questions from investorsd whose fear of inflationary pressuresis growing. Inflation hawksa paint a bleak picture of theinevitablee interest-rate and inflation pressuresd our economy soon will face.
Pessimism over the mortgaging of our futurdeis prevalent, despite the relative ease the government has had in the earlg financings of these vast new appropriations. Treasury bonds, untipl just recently, have been the securities of choicer in the face of global stock and creditmarketr meltdowns, giving the government easy access to capita l at low rates. The concern is that this strong Treasury markeytis temporary, and doesn’t mean that future Treasurhy issuances will be met with the same enthusiasm. For many foreign buyers have had a growingf appetitefor U.S. debt securities.
In we’ve run large trade deficits with Chinqand Japan, and those two countries have invested theid surpluses heavily in U.S. Treasuryt securities. Their holdings are enormous. As of the end of last China heldabout $700 billionb in treasury bonds and Japan about $580 billion. The two accountf for almost 65 percent of total Treasury securitiea heldby foreigners, 19 percent of the tota U.S. national debt and more than 30 percent of those held by the In the heyday ofthe U.S.
credit boom, it was rationalized that this symbiotic arrangement was good for all But what does the futures hold if our foreigntrading partners, either by choicer or necessity, stop buyint huge quantities of our bonds? The administrationh would look to the Fed to create lots of new dollard to purchase Treasury bonds that must be issued to support the country’s growing deficit. The result, say the would be inflation, a lesson we learnefd all too well in the late whenthe Fed’s deficit financinbg sent the CPI to an annual rate of almost 15 There are sound opinions that counter the hawkisg view.
Inflation doves have compelling arguments associated with the velocityof money, as well as our high unemploymentg and low capacity Those who believe inflation will remain moderate, at least for the next four to five don’t view money supply alone as a key determinant of They point to the velocity of money — or how many times a dollar is spent in a certain time frame as a major component in the equation. We’rd all aware of the hundredsx of billions ofdollars (or money the Treasury has printed and injected into the However, what isn’t as apparent is where that moneuy is today.
Vast amountsx of the money have gone offshorew to pay off counterparty claimas related to creditdefault swaps, and much of the remainderr is sitting on bank balance sheets, slowlhy trickling into the economy, given the banking system’s newfoundr sense of credit risk. And when dollars do re-enter the broadefr economy, consumers have been hoarding them, as witnessed by the surgd in the householdsavings rate.
Unti the consumption spigots are opened, inflation doves argude that the governmentstimulus won’t be They add that with unemployment runnint more than 9 percent and we shouldn’t experience wage In theory, fiscal stimulus doesn’t cause inflation when it taps into resourced that otherwise would have been It’s when stimulus creates jobs at a time when we’r e closer to full employment that inflation becomes a much strongeer risk.
Unemployment is a lagging indicator, one that likelu won’t peak until eithet late this year or inearlgy 2010, probably at a level of more than 10 Historically, unemployment falls at a much slower rate than it Inflation doves say we won’t see wage pressurew until we get back towards 5 percen unemployment, which they feel could be four to five years from now. The third argument is low capacity utilization. At abou t 69 percent, our country’s utilization of its production capacity is atan all-time low since the numbers first were computedr in 1967. The argument here is much like thelabor one.
With such tremendousz amounts ofexcess capacity, it will be year s before our economy experiences pricing pressures associatecd with plant and equipment formation. Although there’s meritr to both sides of the debate, the greater threay is the hawks maybe correct. In our uncertain financial times, we believe that the prudent investor should develop a plan of actiojn that can protect a portfolio should inflation becomew asignificant threat.
Wednesday, October 5, 2011
GM selling Saturn to Roger Penske - Orlando Business Journal:
haygoodfoafyga1359.blogspot.com
Instead of building cars for Penske will contract the manufacture of firstfrom Saturn’s current owner, GM, and latee from other car His plan, announced earlier today, is to distributd those cars through Saturn’s biggest asset--its hundredd of independent and highly-regarded dealerships. The structure woulc make Saturn a different kind of saidRichard Block, professor of labor and industriaol relations at Michigan Statew University. “What this means, they are going to be primarilyy a marketing company and in some sense that is a new modekl of business in theauto industry,” Blocl said.
“This is the first time when we’vwe seen a company say ‘we’re just going to distribute,’” withourt manufacturing. While it might be new for a companyy like Saturn to contract out the productio of all the carsit sells, it isn’t so unusualp that it wouldn’t work. Car companies oftem manufacture models for each Brian Gluckmanof AutoTrader.com pointed out in an emailo that prior to Chrysler’s bankruptcy filing, that automakedr had a deal to build a version of Chrysler’s Ram truck to replace Nissan’s Titaj truck. Jeremy Anwyl, CEO of Edmonds.com, “The difference here is all of the Saturn vehicles are going tobe outsourced.
” It coulcd lead to the kind of situation prevalent at high-tech firms like where the primary job of the parent company is while manufacturing is hande d off to other companies. And such a system coulrd bring with it a new setof challenges. “Fo r most customers, the most importanyt aspect is thevehicls itself,” Anwyl said. “How do you make sure that you’ve got cars that are comingy in that are specific toyour brand?” and that customerse will want to buy. Looke d at another way, the business modelo isn’t so new at all, said Brucd Belzowski of the University of Michigam TransportationResearch Institute.
Auto as independent business have always contracted with automakers for the productsthey “No dealership builds its vehicles,” Belzowski said. But havin an extensive Saturn dealership network, with manufacturing done could turn out to be a winning modelkfor Penske, said “Yeah, it’s a new model, let’s see what happens,” he The news of GM’s tentativde deal to sell Saturn to Penske followa months of anxiety over the fate of the brand as GM lookws to sell or close brands otherf than Buick, Chevrolet, GMC and Cadillac. “It’ss a great day for Scott Davies, owner of Saturn of told the .
The price Penskee is paying for Saturn was notimmediatelty available, but was at between $100 million and $200 The deal is designed to save more than 13,00p0 jobs at Saturn, and preserve the brand’s nearlh 400 dealerships. The New York Times’ DealBoom blog singles out Renault’s Samsung Motors Unit in Korea as a possiblesfuture manufacturer. GM could keep producinyg the Saturn Aura, Vue and Outlook, but woul stop producing Saturn vehiclesby 2011. Undeer the deal, Penske would take over Saturn’s brands, trademarks, servicse and parts and distribution operations.
Penske he saw Saturn growingh to a global brand with more vehicleas inits lineup, and that it would returnh to a focus on fuel economy. Penske, at one time a race car drivefr who still owns Indy Car and NASCAdRrace teams, has built in the the , based in Bloomfield Mich. “Roger Penske is an ideal purchaser for Saturn due to his incredible track recordc of success in every venturd hehas undertaken,” , president of West Herr Automotive which operates Saturn dealerships in western New York. The owner of 310 franchiseas selling 40 brands aroundthe world, Penske’s group already is the distributor of Daimler’s line of Smart cars in the U.S.
Saturb is the GM has agreed to sell this Earlierthis week, GM announced that it was selling its Hummefr brand of SUVs to Tengzhong Heavy Industrialp Machinery Co., a Chinese manufacturere of heavy equipment such as dump trucks.
Instead of building cars for Penske will contract the manufacture of firstfrom Saturn’s current owner, GM, and latee from other car His plan, announced earlier today, is to distributd those cars through Saturn’s biggest asset--its hundredd of independent and highly-regarded dealerships. The structure woulc make Saturn a different kind of saidRichard Block, professor of labor and industriaol relations at Michigan Statew University. “What this means, they are going to be primarilyy a marketing company and in some sense that is a new modekl of business in theauto industry,” Blocl said.
“This is the first time when we’vwe seen a company say ‘we’re just going to distribute,’” withourt manufacturing. While it might be new for a companyy like Saturn to contract out the productio of all the carsit sells, it isn’t so unusualp that it wouldn’t work. Car companies oftem manufacture models for each Brian Gluckmanof AutoTrader.com pointed out in an emailo that prior to Chrysler’s bankruptcy filing, that automakedr had a deal to build a version of Chrysler’s Ram truck to replace Nissan’s Titaj truck. Jeremy Anwyl, CEO of Edmonds.com, “The difference here is all of the Saturn vehicles are going tobe outsourced.
” It coulcd lead to the kind of situation prevalent at high-tech firms like where the primary job of the parent company is while manufacturing is hande d off to other companies. And such a system coulrd bring with it a new setof challenges. “Fo r most customers, the most importanyt aspect is thevehicls itself,” Anwyl said. “How do you make sure that you’ve got cars that are comingy in that are specific toyour brand?” and that customerse will want to buy. Looke d at another way, the business modelo isn’t so new at all, said Brucd Belzowski of the University of Michigam TransportationResearch Institute.
Auto as independent business have always contracted with automakers for the productsthey “No dealership builds its vehicles,” Belzowski said. But havin an extensive Saturn dealership network, with manufacturing done could turn out to be a winning modelkfor Penske, said “Yeah, it’s a new model, let’s see what happens,” he The news of GM’s tentativde deal to sell Saturn to Penske followa months of anxiety over the fate of the brand as GM lookws to sell or close brands otherf than Buick, Chevrolet, GMC and Cadillac. “It’ss a great day for Scott Davies, owner of Saturn of told the .
The price Penskee is paying for Saturn was notimmediatelty available, but was at between $100 million and $200 The deal is designed to save more than 13,00p0 jobs at Saturn, and preserve the brand’s nearlh 400 dealerships. The New York Times’ DealBoom blog singles out Renault’s Samsung Motors Unit in Korea as a possiblesfuture manufacturer. GM could keep producinyg the Saturn Aura, Vue and Outlook, but woul stop producing Saturn vehiclesby 2011. Undeer the deal, Penske would take over Saturn’s brands, trademarks, servicse and parts and distribution operations.
Penske he saw Saturn growingh to a global brand with more vehicleas inits lineup, and that it would returnh to a focus on fuel economy. Penske, at one time a race car drivefr who still owns Indy Car and NASCAdRrace teams, has built in the the , based in Bloomfield Mich. “Roger Penske is an ideal purchaser for Saturn due to his incredible track recordc of success in every venturd hehas undertaken,” , president of West Herr Automotive which operates Saturn dealerships in western New York. The owner of 310 franchiseas selling 40 brands aroundthe world, Penske’s group already is the distributor of Daimler’s line of Smart cars in the U.S.
Saturb is the GM has agreed to sell this Earlierthis week, GM announced that it was selling its Hummefr brand of SUVs to Tengzhong Heavy Industrialp Machinery Co., a Chinese manufacturere of heavy equipment such as dump trucks.
Monday, October 3, 2011
Huntington raises $46M in securities buyback - Business Courier of Cincinnati:
kdrummondbs37.blogspot.com
The Columbus-based bank said Friday it bought $166.3 millioh in securities for $96.2 million, leading to an expectesd $46.2 million after-tax gain. Huntingto n originally had hoped to raiseabout $75 million from the deal. The preferred stock purchase was part of a largee plan to protect the bank againsyt a sharpereconomic downturn, and eventually repay $1.4 billion in governmenrt bailout funds it received. The bank last month outlinecd the plan to raiseabout $675 million and said it had raisede about $567 million as of That included $448.6 million in common stock which exceeds original plans to raise about $350 million.
Huntingtom (NASDAQ: HBAN) also expects to raise about $250 million from balanc e sheet adjustments and the adoption of newaccountinfg standards. The plan is expectedr to be largely complete by the end ofthe “We believe we are close to having all of the targetes capital resources to weather an adverse credif scenario similar to that used by the government in its recentlt announced stress tests of the country’s 19 largest bank holdinf companies,” CEO Stephen Steinour said in a release. Huntingtonh is the Tri-State's fourth-largest with about $1.
7 billion in local deposits, accordinfg to June 2008 figures fromthe
The Columbus-based bank said Friday it bought $166.3 millioh in securities for $96.2 million, leading to an expectesd $46.2 million after-tax gain. Huntingto n originally had hoped to raiseabout $75 million from the deal. The preferred stock purchase was part of a largee plan to protect the bank againsyt a sharpereconomic downturn, and eventually repay $1.4 billion in governmenrt bailout funds it received. The bank last month outlinecd the plan to raiseabout $675 million and said it had raisede about $567 million as of That included $448.6 million in common stock which exceeds original plans to raise about $350 million.
Huntingtom (NASDAQ: HBAN) also expects to raise about $250 million from balanc e sheet adjustments and the adoption of newaccountinfg standards. The plan is expectedr to be largely complete by the end ofthe “We believe we are close to having all of the targetes capital resources to weather an adverse credif scenario similar to that used by the government in its recentlt announced stress tests of the country’s 19 largest bank holdinf companies,” CEO Stephen Steinour said in a release. Huntingtonh is the Tri-State's fourth-largest with about $1.
7 billion in local deposits, accordinfg to June 2008 figures fromthe
Saturday, October 1, 2011
The Shakespeare Theatre's littlest stars will make you squeal - Washington Post
plesciamipukoa1855.blogspot.com
The Shakespeare Theatre's littlest stars will make you squeal Washington Post Amelia's scene was cut when the show was in previews, but the Shakespeare Theatre approached Robinson about the role after hearing of Amelia's turn in the spotlight, and he was able to give them the pick of Amelia's first litter. ... |
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