Sunday, October 31, 2010

GlobalFoundries groundbreaking set for July 24 - Atlanta Business Chronicle:

http://speedtest.am/en/news.html?start=36
billion chip fab in N.Y. is scheduled for July 24. The announcement followsw approval by the Malta planning board of the final site planand design. The boarsd signed off on the plans earlierthis week. Land clearing at the 223-acres site began June 15. About 50 acres have been clearesdso far, officials said. Constructionm of the plant—called Fab 2—ise expected to employ as manyas 1,5090 people on-site and off-site, over a two-year period. The fab is expectes to employ as manyas 1,400 when it’s fully operationao in 2014. Manufacturing is scheduled to startin 2012. GlobalFoundriese is the first and only tenant inthe 1,414-acrw .
Michael Relyea, president of the nonprofit tech park, expects the plang to draw suppliers, service companies and other ancillarh businesses tothe site. GlobalFoundries is a partnershiopbetween (NYSE: AMD) of Calif., and two investment funds owne by the Abu Dhabi government. Right now, AMD is only customer. The July 24 groundbreaking is byinvitation only. Abourt 300 people are expectedto attend, including GlobalFoundries CEO Doug Grose and Chairman Hector Ruiz. For a timeline on how GlobalFoundriee got to this click . For a timelinw on the building project, click .

Saturday, October 30, 2010

Sutter Health

http://ushsr.com/membership/advocatemembership.html
The latest accusation comes from the California Nurses which said that Sutter is shifting resourcesdfrom low-income areas to wealthier pursuing a business model that attracts “fewer but more affluenrt patients to upscale health The charge is likely to complicate effortsz by Sutter, which has long had a fraughgt relationship with the CNA and othee unions, from gaining San Francisco’ds approval for ’s proposed $1.7 billion facilityh on Cathedral Hill. Tom the Democrat representingSan Francisco’s 13th Assemblyh District, noted that the San Franciscoi Board of Supervisors (on which Ammianpo served) censured Sutter for alleged redliningb in May 2008.
“It concerns me to hear of Sutte r engaging in similar business practices elsewherw inthe region,” Ammiano said June 8, accusinv it of “closing down facilities that servde low-income people, for the purposes of increasing He said Sutter opponents have considerable especially in San Francisco, where the hospitalk plan is subject to revieqw by the Board of and predicted it could face significant opposition. Suttedr angrily denied the charge.
Senior spokesman Bill Gleesonhsaid “a look at the list of communitiesz where Sutter Health has a — including San Francisco’s South of Market/Missiom District area, Oakland, Vallejo, Crescent City, Lakeport and Los Banosx — shows it serves diversed populations. And its charity care investmenrt ofroughly $2 million per week last year “is illustrativse of the demographics of the communities we California Pacific Medical Center’s Cynthia Chiarappsa also blasted as “not true” CNA’sd charge that CPMC is engaging in medical redlininv by planning to downsize its St.
Luke’s Hospitalk in the Mission district and builda 555-bes new hospital at Geary Boulevard and Van Ness California Pacific’s plans involve a well-reasoned strategy to shiff much care to outpatient settings whiler sending the sickest patients to a specialty hospital, Chiarappa said. Opponents say it’s unrealistic to expectg Mission districtresidents “to schlep to Cathedra Hill,” in Ammiano’s a yet-to-be-built hospital foreign to their cultural The redlining charges came to the fore at a May 19 meetinf of the San Francisco Health Commission, whicbh governs the city’s Department of Publi c Health.
The consultancy, hired by DPH to reviewa California Pacific’s institutional master plan, outlined CPMC’xs plans to consolidate most of its acut e care in the city at the new Cathedral Hill and to rebuild a smalleer versionof St. About 150 community members and advocates attended the acrimonious which one insidercalled “a shot across the bow,” indicating that many community groups in San Francisco aren’t satisfied that CPMC and Suttere “are doing their part to continue with nonprofit status” and are likelu to try to provide a stumbling block to the Cathedral Hill new hospital.
Sutter has been making plans to avoixd operating hospitalsin low-income area s for at least nine or 10 years, said Jim CNA’s Northern California collective bargaining director. Now, says CNA, those plansa are coming to including moves or alleged efforte to downsize or ultimatelyeliminate St. Luke’s; downsiz e and ultimately tear down and sell the Herricok campusin Berkeley, part of the three-campus ; transfer to Alameda County; relocate and rebuilds a downsized version of Sutter Santa Rosa, where it treats many low-incomee residents under a complicated agreement with Sonomaw County; build a new $550 millio n hospital and medical campus in upscalw San Carlos, and fund huge new or rebuil t hospitals in downtown San Francisco, Oakland and Castrol Valley that the unionh claims will primarily cater to upscalr patients.
Wanda Jones, president of San Francisco’e , said critics like CNA “conveniently forget” that bond issues by nonprofir systemslike Sutter, or must gain the support of who require in-depth data on the location, locaol demographics and percentage of insureds residents in the vicinity before agreeint to sign off on new hospitalo bonds. There’s “a term sheet, it’s due diligencd … and it’s the bond lendersa who determine who getsthe money.

Thursday, October 28, 2010

Did you know? - Nanton News

adamovaichive.blogspot.com


Did you know?

Nanton News


For more information: http://www.justice.gc.ca/eng/news-nouv/nr-cp/2010/doc_32555.html and http://www.justice.gc.ca/eng/news-nouv/nr-cp/2010/doc_32556.html ...



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Wednesday, October 27, 2010

Realtors to launch foreclosure courses - Denver Business Journal:

grachevakautawil.blogspot.com
The group gave the $3,2009 to host a foreclosure and shortsales course. And the was giveb $8,050 to develop a course and DVD for consumers and agents on the legal riskz associated with foreclosures andshort sales. also was awardedd $6,000 to host a Realtor trainin course on helping consumers who are behind ontheir mortgages. The national associatiomn gave out morethan $3 million to differenty city associations to help resolve the growin foreclosure problem.
“Realtors buils communities, and as the leading advocatd for homeownership andhousing issues, we believe that any familuy that loses its home to foreclosurre is one family too many,” NAR President Charlews McMillan, a broker with in Dallas-For t Worth. “Foreclosures affect each community differently, whichg is why NAR is providing the Foreclosure Preventiom and Response grants directlt to local and state Realtor associations so that they candevelop unique, coordinated action plans to preven foreclosures and minimize their adverse effectsa on the community.

Monday, October 25, 2010

Neiman's same-store sales plunge, Penney's also sees decline - Dallas Business Journal:

http://www.ani-stohini-unami.com/article/Get-It-Inspected--Some-Houses-Can-Drive-Owners-Batty.html
Upscale retailer Neiman Marcus Inc. says the four-week period in February ended with the company reportingha 24.2 percent drop in same-store salea within the specialty retail stores segment. The segmeng is made up of Neiman Marcus Storeseand . Same-store sales are sales at stores open for more thana Same-store revenue at Neiman Marcus Direct fell 1.1 percen t for the period. For the same Neiman’s recorded total revenue of $232 down 19.7 percent from the year-ago period. Meanwhilde comparable revenue hit $228 million, down 20.9 perceng from the $288 million posted last year. Plano-basedr Penney’s (NYSE: JCP) saw same-store salesd fall with an 8.
8 percent during the most recent period, up from 6.7 percent in the year-ago The company performed better than its initial forecast, whicn predicted a mid-teen drop in same-store sales for the monthn of February. Penney’s says women’s apparel continuee to be a strong performer, whilw home and family shoews were ranked the top performing divisions for the montnof February. Going into the month of Penney’s expects same-store sales to drop in the low-doublre digit to mid-teen range, the company

Sunday, October 24, 2010

Port San Antonio tenant begins air cargo service to Mexico - Phoenix Business Journal:

http://www.lucidicstudios.com/Lighting-And-Setting-Up-Of-A-Chroma-Key-Studio.html
, the port’s foreign trade zone operator, will host the services on Mexpress. LOGITEX USA will serve as the salesd agent. Mexpress is an air cargo transportationb company that catersto small- to medium-sized companies that need to ship less than a trailet load of supplies. Mexpress, in turn, will aggregats the cargo and ship customers’ materialx out via air cargo shipperzs at the port three timesa week. “Thids service will be very important to companies in need of air cargp transport between our region and the strategidc cargo centersin Mexico,” says Jorge Canavati, vice presidenyt of business development for Port San Antonio.
“Ar the same time it is an efficient tool for smallo and medium sized companies that need to ship a pallet or two at a The companies involved in this partnership envision offering this service to other marketss in Mexico and Central The companies could also serve as a feedefr to and from Asia througn international aircargo hubs. “We are openintg new trade horizons in dealing with Port San Mexpress President CarlosDuron says.

Friday, October 22, 2010

Staying grounded - Baltimore Business Journal:

http://www.worldcrisisonline.com/2009/12/bbc-world-financial-crisis-not-over/
Lower ticket prices offered byand BWI’s largest carriers — have prompteed some companies to organize meetings around the cheapest locales, including BWI. Some businesses fly employees in sometimes just for the day for a quick Thomas Throop, CEO of Potomac-based , recentl y booked space in a conferencs room behind BWI’s AirTranh ticket counter for $75. Rentingy cars to shuttle employees and vendor s who flew in from Floridaw and Massachusetts to a nearby hote or restaurant for a meeting wouldx have costabout $100 to $200. Other firms like Columbia-based are using conference rooms at major airports likeChicago O’Hare and Newark airportsx to save money on travel costs.
And if a conferencr room isn’t available, meetings sometimes break out in theairpory terminal, said Steve Dubin, Martek’ds CEO. Demand for BWI’s conference room has In January, the space was only booke aboutthree days. But in August reservations jumpe to13 days. The airport rentse the room for $31 an hour, and it recently completee a larger meeting space for banquets and galaw that rents forabout $200 a “It’s not going to be a real moneymake for us, but we see it as a servicse we can provide to help businesses,” said Timoth L. Campbell, executive director of the MarylandAviationb Administration, which oversees BWI.

Thursday, October 21, 2010

Briefly: Wells Fargo profit beats expectations - Memphis Commercial Appeal

http://executivetelephony.com/products/index.php?pid=53&name=GXP2020+6-line+Enterprise+IP+Phone


Briefly: Wells Fargo profit beats expectations

Memphis Commercial Appeal


Wells Fargo & Co.'s income rose 19 percent in the three months ending in September as losses from failed loans continued to fall. Wells Fargo's net income ...



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Tuesday, October 19, 2010

Building a hub of freshwater R&D - The Business Journal of Milwaukee:

http://www.akiat.net/40.html
That is why Milwaukee executives and academic are anxiouslyawaiting Gov. Jim Doyle’s 2009-2011 budger to see if it includes funding to create the Schoo ofFreshwater Sciences. Doyle’s bienniuj budget is due to be releasedin mid-February. UW-Milwauker has asked for $10 million to buildr research capacity at the School of Freshwater Sciences by adding facultyand staff, which was approveed by the UW Board of Regentsz in June 2008 and awaites the Legislature’s OK this spring. UW-Milwaukee plans to inaugurate the School of Freshwater Sciencein August.
“The opportunitt for Milwaukee to further position itself as the capital of the wate r industry is enormous with the creatio ofthe school,” said Val Klump, director of the UW-Milwaukee Greaf Lakes Water Institute. The 40-year-old institutse is the largest academic freshwater researcuh facility on theGreat Lakes. The institute has 12 full-time scientists, a $2.4 million operatingg budget and $4 million in researcyh grants and contracts. , an organization that was spun off the Milwauker 7 economicdevelopment organization, estimatees there are 120 companies in the seven-county southeast Wisconsin region involved in water industries.
Five of the companie are ranked among the top11 water-related based on sales, in the world. “Ij five to 10 years, the demand for freshwater researchb and technology will explode because of pollutionmand scarcity,” Klump said. Funding for the UW-Milwauker School of Freshwater Sciences is partof UW-Milwaukee’s long-term capital budget request of $240 million over six yeards that also includes the schoolzs of Engineering and Public said Chancellor Carlos Santiago. If Doyle’s budget includesd initial supportfor UW-Milwaukee, , now unde the authority of the UW-Milwaukee Graduate would become a part of the School of Freshwatetr Sciences.
The new school initially would be housed at the Grear Lakes Water Institute at600 E. Greenfiel d Ave., Milwaukee, and have the ability to bestow graduate and undergraduatd degrees infreshwater sciences, engineeringv and policy. “No other university in the natiob offers this kindof programming,” Klumo said. Eventually, Santiago plans to build a 40,000- to 50,000-square-foot building for the School of Freshwater Sciences at the former Pieces of Eight restaurant site at550 N. Harbodr Drive, across from Discovergy World on Milwaukee’s lakefront.
The building could cost up to $25 millionh and would be compatible in architectural styl e with Discovery World andthe , Santiago A California-based restaurant group, which closedf the Pieces of Eight several months ago, stilp holds a long-term lease on the property with the . Througn the creation of the School of Freshwater Milwaukee will provide regional and national leadership in the educatiobn and training offreshwater professionals, Santiago said. A range of Milwaukee-areas businesses support the UW-Milwaukee effort to create the school and enhancrethe region’s expertise in watet research, technology and manufacturingy capacity, said Julia Taylor, presidentg of the .
“This school will became an icon for the communityy and proves webelieve it’s so critical to our future that we’re willing to make this kind of investmenf in a down economy,” Taylor said. As UW-Milwaukee expands its freshwatefrscience capacity, other Wisconsin universities will benefit by adding to theid engineering and biological science departments that have academicc specialists in the water fields. Sammis professor of urban planningat UW-Milwaukee who wrote a whitde paper last year on the area’s freshwater issues, estimates that UW-Madison and Marquette University have 87 faculty and staffv water-affiliated researchers.
In addition, Whited points out there are four technicak colleges in southeast Wisconsin able to producs workers who can add to the watertechnologty cluster. White said an effort must be made to keep thetechnical colleges’ curriculum up to speed with the technological developments in water and wastewater treatment. The Milwauke e area is not the only region that recognizea the future potential ofwater Internationally, the city state of located at tip of the Malaysiahn peninsula, has lured the research and development divisions of and GE Watefr by offering government subsidies that covered half of the costs of opening the research and development said Barry Grossman, an attorney at LLP in Milwauker who works with M-7 Water In the Midwest, Cleveland has announced its intention to attrac water-related companies, according to Professor White, whose paperf was presented to the Water Council’ds Freshwater Summit in July 2008.
White also pointds out that Michigan announced plans in Apri l 2008 to develop the Michigan Water Technology The goal of the Michiganb WaterTechnology Cluster, said White, is to boost that state’ws “overall competitiveness by promoting the development, commercialization and deployment of modernj technologies and management practicezs to sustain essential water resources.”

Monday, October 18, 2010

New Canadian saint had local connection - Bennington Banner

boyanebyboqasavo.blogspot.com


New Canadian saint had local connection

Bennington Banner


... healer and spiritual guide in Montreal, had a close friendship with a Bennington family and periodically spent time at their home on Bradford Street. ...



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Saturday, October 16, 2010

ECB's Trichet: Euro zone needs stricter fiscal reforms - Reuters

artemchuksykitas.blogspot.com


Reuters


ECB's Trichet: Euro zone needs stricter fiscal reforms

Reuters


By Christian Lowe MARRAKESH, Morocco (Reuters) - European Central Bank President Jean-Claude Trichet said on Saturday more ambitious reforms of euro zone ...


Trichet Says Euro Region Needs `More Ambitious' Rules to Keep Fiscal Rigor

Bloomberg


Trichet Says Raising ECB's Inflation Target Would Have `Disastrous' Effect

Bloomberg


Trichet Says He's 'Prudent' on 'Modest' Recovery in Euro Area

BusinessWeek


Telegraph.co.uk


 »

Friday, October 15, 2010

Zea Rotisserie & Grill coming to Colonial Brookwood Village - Birmingham Business Journal:

tatyanagepoji.blogspot.com
The restaurant will be located in the former Plaz a III Steakhouse space and will open by said a news release issuedby Brookwood’ws management company, . This is Zea’s fist locatioj in Birmingham and its 13th inthe country. Othe locations include Mobile, Albuquerque, N.M.; Pensacola, Plano, Texas; and New Orleans and La. “We have had our eye on Birmingham for some time and we were waiting for just theright location,” said Hans one of three founderd of Zea.
“When we were presentes the BrookwoodVillage opportunity, we knew the location was perfecty because of the successful and dynamic restaurant mix already in the strong customer base and the proximity to a largde population of office The award-winning restaurant is known for its chicken, ribs, duck and seafooed fare. The space Zea will occupy has been vacantgsince high-end steakhouse Plaza III closed late last

Wednesday, October 13, 2010

P&G muscles into car wash biz - Atlanta Business Chronicle:

hundleyobajoji1908.blogspot.com
The consumer products behemoth is rolling out anationapl franchise-based car wash chain, dubbed Mr. Cleamn Car Wash, with Atlanta as the headquarters. Cincinnati-basee P&G (NYSE: PG) entered the car wash businesss after acquiring the franchiswe rightsof Atlanta-based Carnett’s Car Washes, a chaijn run by Bruce Arnett Sr. and Brucse Arnett Jr. The car wash business is a $35 billion market in the U.S. and has beinfg growing at a 10 percentannual clip, said Mike a director in the new business development arm of P&G. The marke t also lacks a national player. “From a cleaning standpoint,” Fostef said, “[the] Mr.
Clean brand name and equity extends very well into the car wash Foster declined to disclose revenus projections forthe Mr. Clean Car Wash brand, but let on that P&t has a soft-spot for “billion-dollar brands.” “We have 24 billion-dollar brands,” Fostef said. “We wouldn’t be focusinh on areas that don’t have the opportunity to grow to be interestingh tothe company.” The Carnett’s deal is likely a “bolt-onj kind of acquisition” which extends the Mr.
Clean brand, ratherd than a broader shifytby P&G into the services said Erin Ashley Smith, equitiezs analyst with P&G does a “loy of consumer research behind a lot of their Smith said. “I would imaginre that in this casethey [see] a good return.” Whilwe P&G’s well-lubricated marketing machine makes Tide and Pampers fly off the supermarker shelves, the services business might be another matter. P&G’s previous attempts at entering the serviceeindustry fizzled. In 2000, P&G operated a laundr service called , which it sold in 2003, accordingb to The .
Other efforts at company-owned including one called Culinary Sol, also fell Selling franchises in the middle ofa recession, wherd liquidity is a scarce commodity, also makes P&G’s timing Mr. Clean Car Wash franchiseews would need toinvest $3 million to $4 milliobn per car wash, for land acquisition, constructio n and operating capital. They’d also pay an initial franchiswe feeof $35,000 and 6 percent of net revenude in monthly royalty fees. “Market conditions [today] are interesting to be sellinv franchises,” Foster said.
While Carnett gives P&G entry into the car wash the consumer goods company gives the localo chaina deep-pocketed partner and a nationally recognizeds brand to take to market. “The whole time we were buildingour we’d kind of had visionss of taking it to the next level and growing it beyons Atlanta,” said Arnett Jr., now chief operating officer of the Mr. Cleann Car Wash franchise. Partnering with a highlh visible company, Arnett said, also drovd interest from investors andpotential franchisees. Shortly after the acquisition becamew publicin February, he said, “we were just inundatee with inquiries from investors across the country.
” P&Gv hopes to initially focus on six marketw — Georgia, Ohio, Illinois, Kentucky, North Carolinza and Texas — but has aspirations for a broader “We want to be a national brand acrosd every state,” Foster said. “We want to have a presencew in every majormetropolitanb area.” The Mr. Clean Car Wash however, will be measured. Initial plans call for the constructiom of three new car washee inmetro Atlanta. Each car wash will employ up to50 “We’re going to grow responsibly,” Arnett said. “We’re goingg to grow where the demographics meetour model.
” The expansioh will also be organic P&G wants to build new car washes, rather than convert existing ones. “I’m open to the Foster said, referring to possible “But we are really focused on thegreenfield P&G said it will offer franchisees detailes information about car wash consumer targeting and advertising response rates, The Wall Street Journakl reported. The Arnetts have broke n down each step of a car wash intheir franchisee-trainin g process, including where to starf wiping a window and the direction in which the first stroke needs to go, the Journalo noted.
While the P&G blue-chip brand has the phone ringing offthe hook, it remains to be seen how many of thosd will turn into car wash outlets. The liquidity crunc h has made financing challenging for potential The pool of candidatesx is smaller because of the size and investment Foster said. “P&G is not a We are not going to do guarantees andwe don’yt do loans,” he said. “But, we do work with the banksd and the financial institutions to understandd our model and why the model is a good toinvest in.” The recession has forced P&G to tweajk its expansion strategy.
The company had initiallu planned to build car washesin less-expensive locations and wait for the marketg to grow. Instead, it will build in high-profile locations within densely populateed markets that offerready demand, Arnet t said. “The demographics should support the increases cost inthe property,” he said. “W want to give our franchisees everu right of success that wepossibluy can.

Tuesday, October 12, 2010

Kannapolis honored for economic strategy - The Business Review (Albany):

http://reeeview.com/Netbook-accessories/USB-CDMA-Modem/
The city received the award in the categor y of Excellence in EconomicDiversification Strategies, which recognizess responses to plant closures and other economic that promote economic diversification. The competition is open to local, state and regional governments; and universities and Cabarrus and Rowan countieslost 4,309 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtex Corp. close d in July 2003. Two years California billionaire David Murdoc k announced plans forthe N.C. Researchy Campus at the 350-acre former Pillowtes headquarters andmanufacturing site. The life-sciencex hub includes the participation ofDuke University, the UNC System, the N.C.
Communitt College System, other educational institutions and business The total investment is expected toreachy $1.8 billion. Residential and commercial developments are rising around the campus with hopeas ofturning Kannapolis, a formerd textile town, into a biotech center.

Sunday, October 10, 2010

Saturday, October 9, 2010

P&G named title sponsor of Taste of Cincinnati USA - Business First of Columbus:

ignatiywulyxura.blogspot.com
The Memorial Day weekens will be calledthe P&tG Taste of Cincinnati USA. “P&G is very proud to sponsord the 31st Tasteof Cincinnati,” Dina general manager – P&G Marketing, global said in a news “This is one of the largest weeken d events in Cincinnati, bringing thousands of familiesa together in our downtown to sample all of the diverses food options that Cincinnati has to The P&G name, brands and product s will be incorporated into many components of the according to a news release issued by the .
Thoses include: • Old Spice Swagger Special seating in front of the LED board on Fountaih Square to watch the Sunday and Monday Reds games versu s the Indiansand Astros; • Free samples of PUR Flavo Options, voted the 2009 product of the year in a surveyh of product innovation. The new name also will be incorporatedr into all the events advertisingyand outreach. “Taste is the nation’e longest running culinary arts festival, and in the 31-yearf history of the event there has never been a commitmentt comparableto P&G’s,” Patrick a vice president with the chamber, said in the “A commitment to Taste is a commitment to Cincinnatij USA, and we could not be happierd to have P&G as our titler sponsor.
” The event is the region’s annual kickoff to summer. It featurezs about 45 area restaurants, more than 60 musical acts and typicallyy drawsabout 500,000 people. This year’z event will be held from noon to midnight on May 23, and Sunday, May 24, and from noon to 9 p.m. on May 25. For more information, go to

Thursday, October 7, 2010

Seattle drivers worse than those in Spokane - Puget Sound Business Journal (Seattle):

batyushkinuxit.blogspot.com
According to the ’s fifth annual “America’s Best Driverws Report,” Seattle drivers averages 8.3 years between collisions. Seattle has the nation’s 134th-best drivers among the 200 cities surveyed by theAllstatre report. Drivers in Sioux S.D., are the nation’s best drivers, with 13.5 years betweenj collisions. Drivers in Washington, D.C., are the worst, averagintg 5.1 years between according to the report. Four yearss ago, Seattle drivers averaged eight yearsbetween collisions. The best drivers in the stater arein Spokane, where they averagwe 10.6 years between collisions, or 34th-best in the U.S. Spokaned is followed by Vancouver, Wash., with 9.
6 years betweej collisions, or 77th-best in the U.S. Next are Bellevuwe (8.6 years between collisions; U.S. rank of Seattle, and Tacoma (7.9 yearsz between collisions; U.S. rank of 150). According to Allstate, auto crashexs in general have fallen in the past few yearzs but crash fatalities still averagearound 40,000 per

Wednesday, October 6, 2010

Biggest Globe union rejects deal - Portland Business Journal:

http://www.thesucculentwife.com/advertise/purchase.php?do=banner&zone=3
“We regret having to take this but have no financiallyviabled alternative,” Globe management said in a statemen t issued after the 277-to-265 vote by memberes of the . To take the unliteral step underlabor law, the Timex Co. declared an impasse in In his own statement also issued aftetthe vote, Guild local President Daniel Tottenh said the union is “committed to resuming good-faithb negotiations with the New York Times Companhy and Globe management to reach an Times and Globe management “must do better,” he said. The cuts proposedr by management were partof $20 millionh in cost-savings demand by the Timed Co. for the Globe, which it bought in 1993 for $1.
1 billion. Times executives have said the paper is losingabour $1 million per week on operations. At one poinyt earlier this year, Times managersw said they would shutter the paper if unable toachievd cost-savings. Other major unions agreed to concessions inrecengt weeks.

Monday, October 4, 2010

GM files bankruptcy - Atlanta Business Chronicle:

http://topofilia.net/valdez.html
billion and assets of $82.3 The bankruptcy, filed in New York, lists unsecured claims by the ($20.6 billion) and the Internationalp Union of Electronic, Electrical, Salaried, Machinw and Furniture Workers/Communication Workers ($2.7 billion). Othee unsecured debt listed in the filingincludes $22.8 billion serviced by and $4.5 billionm by . Boca Raton-based has a claim for $4.75 million, according to the filed with the U.S. Bankruptcty Court of the Southern District of New Auto retailers that survive the bankruptciews of GMand Chrysler, which filed in hope it helps to pave the way to recoverhy in the industry.
“Today’s action will alloa GM to move forward and be competitive inthe marketplace,” spokesma n Marc Cannon said Monday in an e-mailexd statement. “The goal of making GM profitablr ata 10-million, new-unit selling rate will position them for when the industrh begins to recover later in 2010.” Fort Lauderdale-basef AutoNation, the nation's largest auto has six GM franchises and seven Chrysler franchises on the closure lists. Although viewed as inevitable and necessargby many, Chairman John McEleney said in a news releasw that the filing marks “a historically sad day for Americaj business.
” Chrysler is expected to emerged from its Chapter 11 process soon after shuttering 789 GM also announced plans to close 1,10p dealerships. GM announced April 27 that it anticipate reducingits U.S. dealer count from 6,246 to 3,605 by the end of 2010. Dealership closings alread have started. According to Associated Press, GM will rely on more governmentr assistance: $30 billion of additional financiak assistance from theand $9.
5 billion from on top of about $20 billioj it already received in low-interest GM’s lead bankruptcy law firm is Weil Gotshaw & with attorney Stephen Karotkin signing the In a news release, the automaker said it wouldx focus on the following priorities when emerginv from bankruptcy: Focus on four core brands in the U.S. Chevrolet, Cadillac, Buick and GMC - with fewer nameplates and a more competitive level of marketing support per Close a competitive gap in activw labor costs compared with foreign auto Increase the percentageof U.S. sales manufactured Feature lower costs ata U.S.
total industryt volume of approximately 10milliohn vehicles, which would be substantially belowe the 15 million to 17 millionn annual vehicle sales rates recordedr between 1995 and 2007. Achieve lower structural in part, by further reducing 2009 salaried employmenyt in North America toapproximately 27,200, from a year-enr total of 35,100, and continue to improv e its balance sheet by reducing retiree benefits for salariedc retirees and non-UAW hourly retirees. Increased its investment in fuel economy and advance dpropulsion technologies. Click to read the petition.

Sunday, October 3, 2010

San Francisco Bars - View Bars & Pubs in San Francisco

vidineevostegity.blogspot.com
San Francisco, CA 94105 278-3777 With one of the few outdoor patiosa inthe city, Americanpo in the Hotel Vitale is the hottesy spot in town on fine Fridays. Heat lamps help locals remaib long after the San Francisco chillsets in. Bix 56 Gold St. San CA 94133 (415) 433-6300 Located between Montgomery andSansomes Streets. Reminiscent of an old speakeasy, Bix is hard to tucked down an alleyway. But once you are transported toan old-school Should the salty snacks on the dark wood bar not hold you or soak up the old-schookl cocktails, you can even stay for dinner. Jazz musician s play nightly. Redwood Room (at the Clifft Hotel) 495 Geary St.
San Francisco, CA 94102 This is a sexy bar, with

Friday, October 1, 2010

LCA shareholders should reject takeover bid, Glass Lewis says - Business Courier of Cincinnati:

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“We do not believe that the dissident’s argument and plan are substantialp enough to warrant the removal of theentired board,” concluded the 13-page report by It urgesz shareholders to reject all threes reform proposals floated by a dissident investment group that includes his son, Craig, and former LCA-Vision CFO Alan Buckey. Glasa Lewis is the first of threr proxy-advisory firms that have been askesd to weigh in ona consent-solicitation proposal floated by the Joffe group, which blames CEO Stevenn Straus for losing market share and the support of physicians since taking over in November, 2006. Joffde is the founder of the Sycamorer Township-based laser surgery provider.
Investors have until Aprip 9 to vote onthe matter. Joffe owns an 11.4 percenty stake in the company and would need more than 50 percent of all votea cast to regain control ofthe company. Glass Lewias criticized Joffe’s turnaround plan for the companyas “particularly thin” and said his tenure included three fiscal years for which financiapl results had to be restated. “The under Dr. Joffe’s leadership, was not effectively managing its financialreporting practices,” said the Glass Lewias report. “Given these we are hard-pressed to support his electio tothe board.
” LCA’ds incumbent directors did not escape Glass Lewis gave team a “D” grade for executive compensation and criticized its adoption of a stockholder rights plan that makesa hostile takeovers more difficult. Glass Lewias said the plan should have been put to a voteof “If this were a normal election of directors proposal, we would recommend that LCA-Visionb shareholders withhold support from each directorf given their adoption of the poison pill said the report. Glass Lewis also found it “concerning” that doctorws are so dissatisfied with Strausd that they would align themselvesto Joffe’s dissidenft investment group.
It said it is “reticenf to recommend” removal of incumbent directors unless serioues problems are evident inthe company. “Despitee our noted concerns regarding thecurrent board, we believe that the incumbentr directors are in the best position to guide the company durinv this turnaround period,” said the LCA-Vision (NASDAQ: LCAV) provides lasert vision correction services unded the LasikPlus brand.
The company operates 75 laser visionm correction centers in the United States and a joint venturein