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Ltd.’s unveiling of a remotel y automated portin Busan, South and its plan to builc three new terminals, including a $208 million terminapl at Dames Point, reflect the company’s aggressive mentality in spitse of the recession, said Roy Schleicher, seniorr director of trade development and globao marketing for the . That and Mitsui O.S.K. Linea Ltd.’s own plans for expansion show confidence inthe industry’sd upturn and cements their current and futurd operations in Jacksonville. Hanjin’s “attitude is, ‘We’df be foolish not to push things forware and getthings ” Schleicher said.
“We thoughtf they might want to slowthings down, but instead they want to push forwardf faster.” Hanjin’s revenue has faref better than ’s, with nearly
Tuesday, May 31, 2011
Saturday, May 28, 2011
Patrick Cudahy parent Smithfield posts 3Q loss - The Business Journal of Milwaukee:
framptongeqeaqu1461.blogspot.com
In a release before the market openexon Thursday, the company (NYSE: based in Smithfield, Va., reported a loss of $103. million, or 72 cents a for the quarter thatended Feb. 1. This comparea with earnings of $54.5 or 41 cents a the prior year. The company said it took an $84.8 million charge, or 38 cents a share, in the quarter for restructuringg itspork division. Smithfield announced in Februarh that it would close six pork plantwsby December, cut about 1,8000 jobs and take charges of $115 milliobn for the actions.
Smithfield said at the time that Patrick Cudahy will be sparedany cuts, but the Cudahg maker of processed meats and bacon will join Smithfield's John Morrell Group business, a producer of freshy pork and processed meats, under the reorganizatiojn of the pork division. Smithfield is the nation’s leadingh processor and marketer of freshb pork andpackaged meats, and the biggest hog The company's third-quarter revenue was $3.3 up from $3.
1 billion a year
In a release before the market openexon Thursday, the company (NYSE: based in Smithfield, Va., reported a loss of $103. million, or 72 cents a for the quarter thatended Feb. 1. This comparea with earnings of $54.5 or 41 cents a the prior year. The company said it took an $84.8 million charge, or 38 cents a share, in the quarter for restructuringg itspork division. Smithfield announced in Februarh that it would close six pork plantwsby December, cut about 1,8000 jobs and take charges of $115 milliobn for the actions.
Smithfield said at the time that Patrick Cudahy will be sparedany cuts, but the Cudahg maker of processed meats and bacon will join Smithfield's John Morrell Group business, a producer of freshy pork and processed meats, under the reorganizatiojn of the pork division. Smithfield is the nation’s leadingh processor and marketer of freshb pork andpackaged meats, and the biggest hog The company's third-quarter revenue was $3.3 up from $3.
1 billion a year
Thursday, May 26, 2011
NCR refutes criticism from Ohio officials - Minneapolis / St. Paul Business Journal:
steinberg-virus.blogspot.com
The (NYSE: NCR) when Dayton-area and Ohio leaders trief to contact the company about rumors it wasleavinhg town, saying NCR often did not returnb calls or e-mails. NCR issued a statement Wednesday, statintg its side of things and implying its level of interaction with locak and state officials was misrepresented byarea “We have met regularly with state of Ohio and Daytoh officials to discuss the business environmentr and NCR’s requirements. The decision was not made solely onsingler factors, such as financiap incentives. It was based on a very careful and comprehensivew situation analysis of our employment centers usintg independent thirdparty data,” according to NCR.
“The broad rangwe of criteria used for the revie of the locations includedavailable infrastructure, incentives given, the governmentr tax structure and benefits to NCR employees, future employees and stakeholders.” Companyu spokespeople would not provide specifics of meetingsa with government officials and refused to discloswe when their analysis began or where Ohio rankedd in that analysis. The statement comes after officialss from the city of Montgomery County and Ohio gathered on the footstepds of the Old Court House in downtown Dayton Tuesdah toslam NCR. Lt. Gov.
Lee Fisher said the NCR standsefor “No opportunity to Communicate or and officials joined in by telling reporters that all theif efforts to engage the company durinfg the past two years were rebuked. Fisher said NCR was one of the firsgt companiesOhio Gov. Ted Strickland and he reachedr out to when electedin 2007. Despiter numerous overtures, the first time Strickland actually talkex to Nuti was on the eve of therelocation announcement, Fisher said. Nan Whaley, Dayton city accused the company of failing to convet itstrue intentions.
City officials laid out a timetablde they say shows the company was not as responsive the requests for meetings as it should have According to the cityof Dayton: In October 2008, Dayton officials requested a meeting with the highest ranking local NCR officials, but that was denie d by NCR. • In January the city tried to geta meeting, but was unable to. In February, county, city and state officiale had a meeting with thres company officialsin Dayton.
They were supposed to meet with Chieft Executive OfficerBill Nuti, but he did not • On April 20, a meetinh with state, county and city officials took placre with NCR officials, which was a pre-meetingt for another planned April • NCR canceled the second Aprilo meeting and rescheduled for May. • NCR then canceleds the May meeting. Dayton did not providwe meeting dates prior toOctober 2008.
The (NYSE: NCR) when Dayton-area and Ohio leaders trief to contact the company about rumors it wasleavinhg town, saying NCR often did not returnb calls or e-mails. NCR issued a statement Wednesday, statintg its side of things and implying its level of interaction with locak and state officials was misrepresented byarea “We have met regularly with state of Ohio and Daytoh officials to discuss the business environmentr and NCR’s requirements. The decision was not made solely onsingler factors, such as financiap incentives. It was based on a very careful and comprehensivew situation analysis of our employment centers usintg independent thirdparty data,” according to NCR.
“The broad rangwe of criteria used for the revie of the locations includedavailable infrastructure, incentives given, the governmentr tax structure and benefits to NCR employees, future employees and stakeholders.” Companyu spokespeople would not provide specifics of meetingsa with government officials and refused to discloswe when their analysis began or where Ohio rankedd in that analysis. The statement comes after officialss from the city of Montgomery County and Ohio gathered on the footstepds of the Old Court House in downtown Dayton Tuesdah toslam NCR. Lt. Gov.
Lee Fisher said the NCR standsefor “No opportunity to Communicate or and officials joined in by telling reporters that all theif efforts to engage the company durinfg the past two years were rebuked. Fisher said NCR was one of the firsgt companiesOhio Gov. Ted Strickland and he reachedr out to when electedin 2007. Despiter numerous overtures, the first time Strickland actually talkex to Nuti was on the eve of therelocation announcement, Fisher said. Nan Whaley, Dayton city accused the company of failing to convet itstrue intentions.
City officials laid out a timetablde they say shows the company was not as responsive the requests for meetings as it should have According to the cityof Dayton: In October 2008, Dayton officials requested a meeting with the highest ranking local NCR officials, but that was denie d by NCR. • In January the city tried to geta meeting, but was unable to. In February, county, city and state officiale had a meeting with thres company officialsin Dayton.
They were supposed to meet with Chieft Executive OfficerBill Nuti, but he did not • On April 20, a meetinh with state, county and city officials took placre with NCR officials, which was a pre-meetingt for another planned April • NCR canceled the second Aprilo meeting and rescheduled for May. • NCR then canceleds the May meeting. Dayton did not providwe meeting dates prior toOctober 2008.
Tuesday, May 24, 2011
Centers for Disease Control releases zombie apocalypse guidelines - Catholic Online
Cedar siding
Centers for Disease Control releases zombie apocalypse guidelines Catholic Online The guidelines for surviving the zombie apocalypse recently offered by the Centers for Disease Control is a satirical way to make others think about preparing for disasters. LOS ANGELES, CA (Catholic Online) - "Preparedness 101: Zombie Apocalypse," ... |
Saturday, May 21, 2011
Micromet sells more shares - Washington Business Journal:
mobile home siding
The Bethesda biotech said it soldalmost 656,000 at an average price of $4.19 apiece, to a stockholder, between June 4 and June 15. The sale was the latesg move in an agreement the two parties signed at the end of last year for Microme t to offer upto 10.5 million shares to Kingsbridge if it wished, in return for as much as $75 millionn in potential funding through Dec. 1, 2011. Microme t (NASDAQ: MITI) sold the stock this montuh at a discount of 10 percenr to 12 percentper share. By the end of the tradinv period on June 15 underethis agreement, Micromet’s shares were $4.38. This lates t sale follows on the heels of anothe r that Micromet had initiatedin May, when it drew down $2.
5 millionn after selling 764,700 shares in an eight-da period to Kingsbridge. Those shares, averaginy $3.27 apiece, came at a 12 percent discountt atthat time. But this month, Micromet benefited from a stockk surge duringthe eight-day trading period to Kingsbridge, after it releasee mid-stage clinical data results that showed its leukemia treatmeny elicited a higher-than-expected response rate from On June 8, the day the resultxs were announced, Micromet’s shares rose as much as 39 percent to a tradingy high of $6.40 before settling back down to clos e that day at a 7 percent bump from the previou day’s closing price.
The Bethesda biotech said it soldalmost 656,000 at an average price of $4.19 apiece, to a stockholder, between June 4 and June 15. The sale was the latesg move in an agreement the two parties signed at the end of last year for Microme t to offer upto 10.5 million shares to Kingsbridge if it wished, in return for as much as $75 millionn in potential funding through Dec. 1, 2011. Microme t (NASDAQ: MITI) sold the stock this montuh at a discount of 10 percenr to 12 percentper share. By the end of the tradinv period on June 15 underethis agreement, Micromet’s shares were $4.38. This lates t sale follows on the heels of anothe r that Micromet had initiatedin May, when it drew down $2.
5 millionn after selling 764,700 shares in an eight-da period to Kingsbridge. Those shares, averaginy $3.27 apiece, came at a 12 percent discountt atthat time. But this month, Micromet benefited from a stockk surge duringthe eight-day trading period to Kingsbridge, after it releasee mid-stage clinical data results that showed its leukemia treatmeny elicited a higher-than-expected response rate from On June 8, the day the resultxs were announced, Micromet’s shares rose as much as 39 percent to a tradingy high of $6.40 before settling back down to clos e that day at a 7 percent bump from the previou day’s closing price.
Thursday, May 19, 2011
Wal-Mart announces 22,000 jobs on eve of shareholder meeting - Tampa Bay Business Journal:
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Positions will include store pharmacists, human resources managers, customer service cashiers andsales associates. Last October Wal-Mart announced plans to open 142 to 157 new and expandec stores during the current fiscal whichends Jan. 31, 2010. Othedr states expected to gain morethan 1,0090 jobs include Michigan, California, Arizona, New Jersey, South Virginia and Utah. Wal-Mart based in Bentonville, Ark., operatesw more than 7,900 retail outlets and employs 2.1 millionm people in 15 countries.
Unlike many Wal-Mart has fared well amid the recessiobn as consumers keep a rein on purchase Last month the chainreported first-quartert earnings of $3 billion, or 77 centws a share, a penny more than the same period a year ago. Revenue slipped a smidgen to $93.5 billion from $94.9 “During this difficult economic we’re proud to be able to createe quality jobs for thousands of Americansthis year," said Eduardl Castro-Wright, vice chairman. The jobs announcemenr comes a day before the retail giantt holds its annual stockholders meeting at the Universittof Arkansas.
In addition to electiojn of directors and othertroutine business, six shareholdee proposals are on the table: Creation of a gendedr identity nondiscrimination policy. Adoption of a pay for superiorperformancre principle. Giving shareholders the right to an advisory vote onexecutivew compensation. Requiring a semi-annual report disclosintg Wal-Mart’s political contributions. Giving major shareholders the powet to callspecial meetings. Requiring incentive pay to come in the form ofstock options. The Wal-Mart board is opposing all the shareholder LeeScott Jr., who served as chief executive officer until his retirement at the end of received a total compensatiomn package of $30.
2 million last year.
Positions will include store pharmacists, human resources managers, customer service cashiers andsales associates. Last October Wal-Mart announced plans to open 142 to 157 new and expandec stores during the current fiscal whichends Jan. 31, 2010. Othedr states expected to gain morethan 1,0090 jobs include Michigan, California, Arizona, New Jersey, South Virginia and Utah. Wal-Mart based in Bentonville, Ark., operatesw more than 7,900 retail outlets and employs 2.1 millionm people in 15 countries.
Unlike many Wal-Mart has fared well amid the recessiobn as consumers keep a rein on purchase Last month the chainreported first-quartert earnings of $3 billion, or 77 centws a share, a penny more than the same period a year ago. Revenue slipped a smidgen to $93.5 billion from $94.9 “During this difficult economic we’re proud to be able to createe quality jobs for thousands of Americansthis year," said Eduardl Castro-Wright, vice chairman. The jobs announcemenr comes a day before the retail giantt holds its annual stockholders meeting at the Universittof Arkansas.
In addition to electiojn of directors and othertroutine business, six shareholdee proposals are on the table: Creation of a gendedr identity nondiscrimination policy. Adoption of a pay for superiorperformancre principle. Giving shareholders the right to an advisory vote onexecutivew compensation. Requiring a semi-annual report disclosintg Wal-Mart’s political contributions. Giving major shareholders the powet to callspecial meetings. Requiring incentive pay to come in the form ofstock options. The Wal-Mart board is opposing all the shareholder LeeScott Jr., who served as chief executive officer until his retirement at the end of received a total compensatiomn package of $30.
2 million last year.
Tuesday, May 17, 2011
Global Analytic gets another crack at USDA job - Washington Business Journal:
avaohev.blogspot.com
Last year, the department awarded a contract worthpotentiallt $35 million over five years to Colorado-basefd Information Technology Experts. Alexandria-based GAITS successfully challenged the and the department is giving the 10 finalists a chancew tobid again. Neither companty returned calls. The contracg would give Information Technology Experts or GAITS a chance to workwith high-level officials in the Agriculturew Department's office of the chief information officer, majodr area offices of the department and otherws across the country.
The contract holder woulsd support end-users at Washington-area offices on hardware and software troubleshootingand compatibility, telecommunications support related to networking, acquisition of new computerw and repair and maintenance. GAITS argued that Agriculture officials marked down its proposal as the incumbent for not suggesting ways to lower the costs of the a factor not laid out in the solicitation or appliexd toother bidders.
The business, which qualifies for the Sectiom 8(a) minority contracting program, also complained that Informatio n Technology Experts was allowed to submit pricin g forthe contract's four optionakl years after oral presentations even though others were not give n that opportunity and the solicitation required the written proposal to includew the details. The Government Accountability Office (GAO), whichb evaluates bid protests, agreed with GAITaS on all counts.
The GAO urged the Agriculturw Department to give all bidders for the contract a chancwe to submit revised proposals and officials to make a new The department is giving the companies feedback on the shortcomingsx and has set a May 15 deadline for new Thegovernment won't name the other bidders. "There were one set of rulez for the incumbent and one set of rules forthe awardee, and that'ds just offensive," says Fern Lavallee, a DLA Piper government contractzs lawyer not connected to the case.
"The agency had opportunitied to conduct a fair and equal process and in fact go back to GAIT S and try to extract more savingszfrom them, but insteadc they just didn't take advantaged of those opportunities." Elin Dugan, who handledf the dispute for the department, concedesz that it should not have accepted new pricex after oral presentations. She maintains the Agriculturr Department was correct inlowering GAITS' standing because it is inherent that incumbente are expected to propose bettedr performance than already exists. "GAITd wasn't taking advantage of the positioh they had asan incumbent," Dugan says.
"The y could have come up with specifics of how to do it even andthey didn't do it." Information Technology Expertds would have won even if the department didn't take the steps the GAO identifiedr as improper, she says. The GAO is not so sure abou that. "A correct evaluation of the GAITS proposal could have resulted in the firm being considered to have submitte the proposal deemed technicallysuperiodr overall," the decision reads.
"There is a reasonablr possibility thatthe agency's evaluatiom error resulted in GAITS being deprived of the
Last year, the department awarded a contract worthpotentiallt $35 million over five years to Colorado-basefd Information Technology Experts. Alexandria-based GAITS successfully challenged the and the department is giving the 10 finalists a chancew tobid again. Neither companty returned calls. The contracg would give Information Technology Experts or GAITS a chance to workwith high-level officials in the Agriculturew Department's office of the chief information officer, majodr area offices of the department and otherws across the country.
The contract holder woulsd support end-users at Washington-area offices on hardware and software troubleshootingand compatibility, telecommunications support related to networking, acquisition of new computerw and repair and maintenance. GAITS argued that Agriculture officials marked down its proposal as the incumbent for not suggesting ways to lower the costs of the a factor not laid out in the solicitation or appliexd toother bidders.
The business, which qualifies for the Sectiom 8(a) minority contracting program, also complained that Informatio n Technology Experts was allowed to submit pricin g forthe contract's four optionakl years after oral presentations even though others were not give n that opportunity and the solicitation required the written proposal to includew the details. The Government Accountability Office (GAO), whichb evaluates bid protests, agreed with GAITaS on all counts.
The GAO urged the Agriculturw Department to give all bidders for the contract a chancwe to submit revised proposals and officials to make a new The department is giving the companies feedback on the shortcomingsx and has set a May 15 deadline for new Thegovernment won't name the other bidders. "There were one set of rulez for the incumbent and one set of rules forthe awardee, and that'ds just offensive," says Fern Lavallee, a DLA Piper government contractzs lawyer not connected to the case.
"The agency had opportunitied to conduct a fair and equal process and in fact go back to GAIT S and try to extract more savingszfrom them, but insteadc they just didn't take advantaged of those opportunities." Elin Dugan, who handledf the dispute for the department, concedesz that it should not have accepted new pricex after oral presentations. She maintains the Agriculturr Department was correct inlowering GAITS' standing because it is inherent that incumbente are expected to propose bettedr performance than already exists. "GAITd wasn't taking advantage of the positioh they had asan incumbent," Dugan says.
"The y could have come up with specifics of how to do it even andthey didn't do it." Information Technology Expertds would have won even if the department didn't take the steps the GAO identifiedr as improper, she says. The GAO is not so sure abou that. "A correct evaluation of the GAITS proposal could have resulted in the firm being considered to have submitte the proposal deemed technicallysuperiodr overall," the decision reads.
"There is a reasonablr possibility thatthe agency's evaluatiom error resulted in GAITS being deprived of the
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