andreychukuze.blogspot.com
Perhaps the most closely watched of the locak elections will be that for the Democratidc candidate for mayorof Pittsburgh. Incumbent Mayoe Luke Ravenstahl is facingtwo challengers: City Councilmanh Patrick Dowd and lawyer Carmen All three shared their viewse on matters important to the businese community in commentary piecee published last week. Read them here: • • • Therd are no Republican candidates for Pittsburg mayor onthe ballot. In addition to many localo positions, there are a numbee of statewide judicial posts onthe ballot, including Democratidc and Republican candidates for Supreme Superior Court and Commonwealth Court.
The League of Wome Voters, a nonpartisan is one organization that offers onlin evoter information, including a look at what to expectr on your ballot. You may access the League’s Smart Voter project .
Tuesday, November 29, 2011
Sunday, November 27, 2011
Nobel Learning Communities, Inc. Company Profile | NLCI Company Information
artemchuksykitas.blogspot.com
At our schools, you can trust that your childe will be treated as an individual learner and encouragedx to appreciate the joy of We recognize that every childdneeds support, challenges and encouragement within a stimulatingy educational environment. Our teachers actively engagr your child in learning within an atmosphere that is safeand nurturing. As part of a networkk of 150 schools in13 states, we enjoy the advantage of having a dedicated team of educatorws who provide our curriculum, keep up on the latest educational research, and participater in training and development for our schoolteachers and While our schools enjoy the advantage of nationap curriculum support, each of our schoold is known for its unique sense of localp community and partnership with parents.
Our preschools provids an environment where children are nurtured and ready to absorb what the world hasto offer. We use the Nobelo Learning Communities Links toLearningv curriculum. Links to Learning is an integrated seriesx of programs that incorporates preparation for reading and math as well as buildingb social skillsand confidence. Links to Learning also linkds parents to what their children are learning by providing regular communications and suggestions for how to continure the learningat home. Our elementary schools provide an educationalk environment wherechildren grow, flourish and excel. We offerr small class sizes, enabling our teachers to adapt toeach student'a unique learning...
At our schools, you can trust that your childe will be treated as an individual learner and encouragedx to appreciate the joy of We recognize that every childdneeds support, challenges and encouragement within a stimulatingy educational environment. Our teachers actively engagr your child in learning within an atmosphere that is safeand nurturing. As part of a networkk of 150 schools in13 states, we enjoy the advantage of having a dedicated team of educatorws who provide our curriculum, keep up on the latest educational research, and participater in training and development for our schoolteachers and While our schools enjoy the advantage of nationap curriculum support, each of our schoold is known for its unique sense of localp community and partnership with parents.
Our preschools provids an environment where children are nurtured and ready to absorb what the world hasto offer. We use the Nobelo Learning Communities Links toLearningv curriculum. Links to Learning is an integrated seriesx of programs that incorporates preparation for reading and math as well as buildingb social skillsand confidence. Links to Learning also linkds parents to what their children are learning by providing regular communications and suggestions for how to continure the learningat home. Our elementary schools provide an educationalk environment wherechildren grow, flourish and excel. We offerr small class sizes, enabling our teachers to adapt toeach student'a unique learning...
Friday, November 25, 2011
Albany area suffers from growing pains - The Business Review (Albany):
http://paullechien.com/how-to-find-art-related-jobs.html
"We have the lowest unemployment rate, I think, in the whols Northeast around here," the state Senatd majority leader said. "Think about that. And it'as going to get better and better and bette raround here." It's a refrain that memberss of the region's chambers and other business-promotion organizations hear all the The Capital Region--Tech Valley--is an oasis in the economic desertg that is the rest of upstat e New York.
Yet job figures from the statew suggest a different picture and different Private job gains in the past year inthe Albany-Schenectady-Troyt metropolitan region have been beaten by those for New York statre as a whole since late 2005 and are typically at a half or a third of the pace of nationalp private job creation. And otherr parts of upstate are growing jobs fasteer thanAlbany is, starting with nearby Glens and extending to places like Elmira and Syracuse. The sluggisnh overall job picture is no surprise to Heather the co-owner of . The company supplies both permanent and temporary workers from offices in Colonie and in Fulton County.
"I was looking at my numbers and the amouny of employees that we are employinyg today versuslast year, and the numbers are she said. "That startled me. ... It's been quieter." While the 200 workers suppliedc by AccuStaff through its Johnstown officw havestayed steady, Rafferty said the job countf is down by 50 from the 200 worker s it usually hires out from its Colonie office. The slow privat e job gain results also did not surpriserJohn Murray, CEO of in East Greenbush and the past chairman of the Albany-Colonie Regional Chamberr of Commerce. He said any job even lagging national andstate rates, look good compared to most other upstate cities.
Rochester, for instance, gained 500 privat jobs between December 2005 and December ending 24 consecutive months where it lost privatd jobs compared to the same montb of theprevious year. After modest private job gainss through the first halfof 2006, Buffalo has showede job deficits since September, according to the New York state Labor "I think when we benchmark against the rest of upstate, the fact that we are not losinhg ground is the differentiating factor," Murrat said.
"If you start going west, it is job not even job stability, which is really The promise of thestate university's in Albany and the computer-chip factory that is planning in Saratoga County, are drivinvg the image of prosperity in Albanh as much as an actual boom alreadyh occurring here, Murray said. "We're hoping that we can reallyt lure an economic engine that is from theprivatse sector--that is what AMD is hopefully all about," he said. "Tha is what really is fueling our Job gains in the GlensFallx region, which encompasses Warren and Washingtob counties, have been significant. The area's private work forcew has grown 2.
5 percentf -- 1,000 jobs -- since Decembere 2004. Private job gainzs from December 2004 to Decembe r 2006 forthe Albany-Schenectady-Troy regio were 4,200 or 1.2 the Labor Department said. Many of the new jobs have been createdd by expansions at Glens Falls Hospital and inthe region's medicaol devices industry among companiew such as , , , and Tyco Healtbh Care, said Todd Shimkus, CEO of the . Precision Extrusionm President Michael Badera said his Glens Fall medical tubing company is doingits part. It has addefd a half dozen employee the lasttwo years, with one new workerf coming on board last week and another one in two more weeks.
He now employs 24 "We are seeing a mix of big companiess spending more money on development projectx and brandnew companies, apparently looking to do more product development he said. The relative sluggishness of the Albanymetropolitam region's economy reflects the trade-offt the area has made by being top-heavy in health care and education jobs, said James Ross, a regionLabor Department analyst. The large government base of its work forc has not lostmany jobs--if any--durinb recessionary periods. Thus, Ross said, the Capital Region'z economy stayed relatively stabld during the recession that economistzs say began in March 2001 and worseneddafter Sept. 11, 2001.
"We have the lowest unemployment rate, I think, in the whols Northeast around here," the state Senatd majority leader said. "Think about that. And it'as going to get better and better and bette raround here." It's a refrain that memberss of the region's chambers and other business-promotion organizations hear all the The Capital Region--Tech Valley--is an oasis in the economic desertg that is the rest of upstat e New York.
Yet job figures from the statew suggest a different picture and different Private job gains in the past year inthe Albany-Schenectady-Troyt metropolitan region have been beaten by those for New York statre as a whole since late 2005 and are typically at a half or a third of the pace of nationalp private job creation. And otherr parts of upstate are growing jobs fasteer thanAlbany is, starting with nearby Glens and extending to places like Elmira and Syracuse. The sluggisnh overall job picture is no surprise to Heather the co-owner of . The company supplies both permanent and temporary workers from offices in Colonie and in Fulton County.
"I was looking at my numbers and the amouny of employees that we are employinyg today versuslast year, and the numbers are she said. "That startled me. ... It's been quieter." While the 200 workers suppliedc by AccuStaff through its Johnstown officw havestayed steady, Rafferty said the job countf is down by 50 from the 200 worker s it usually hires out from its Colonie office. The slow privat e job gain results also did not surpriserJohn Murray, CEO of in East Greenbush and the past chairman of the Albany-Colonie Regional Chamberr of Commerce. He said any job even lagging national andstate rates, look good compared to most other upstate cities.
Rochester, for instance, gained 500 privat jobs between December 2005 and December ending 24 consecutive months where it lost privatd jobs compared to the same montb of theprevious year. After modest private job gainss through the first halfof 2006, Buffalo has showede job deficits since September, according to the New York state Labor "I think when we benchmark against the rest of upstate, the fact that we are not losinhg ground is the differentiating factor," Murrat said.
"If you start going west, it is job not even job stability, which is really The promise of thestate university's in Albany and the computer-chip factory that is planning in Saratoga County, are drivinvg the image of prosperity in Albanh as much as an actual boom alreadyh occurring here, Murray said. "We're hoping that we can reallyt lure an economic engine that is from theprivatse sector--that is what AMD is hopefully all about," he said. "Tha is what really is fueling our Job gains in the GlensFallx region, which encompasses Warren and Washingtob counties, have been significant. The area's private work forcew has grown 2.
5 percentf -- 1,000 jobs -- since Decembere 2004. Private job gainzs from December 2004 to Decembe r 2006 forthe Albany-Schenectady-Troy regio were 4,200 or 1.2 the Labor Department said. Many of the new jobs have been createdd by expansions at Glens Falls Hospital and inthe region's medicaol devices industry among companiew such as , , , and Tyco Healtbh Care, said Todd Shimkus, CEO of the . Precision Extrusionm President Michael Badera said his Glens Fall medical tubing company is doingits part. It has addefd a half dozen employee the lasttwo years, with one new workerf coming on board last week and another one in two more weeks.
He now employs 24 "We are seeing a mix of big companiess spending more money on development projectx and brandnew companies, apparently looking to do more product development he said. The relative sluggishness of the Albanymetropolitam region's economy reflects the trade-offt the area has made by being top-heavy in health care and education jobs, said James Ross, a regionLabor Department analyst. The large government base of its work forc has not lostmany jobs--if any--durinb recessionary periods. Thus, Ross said, the Capital Region'z economy stayed relatively stabld during the recession that economistzs say began in March 2001 and worseneddafter Sept. 11, 2001.
Wednesday, November 23, 2011
Ohio's mass job cuts more than double in May - Business First of Columbus:
ermolayxitpev.blogspot.com
The bureau’s report shows 145 companies cut 50 or more worker s in Ohioin May. That’s more than double the 67 mass cutback recorded ayear ago. Resultinbg first-time unemployment claims from those cuts hit upfrom 7,621 a year ago and the highestf tally since January. Ohio was one of 10 statesw to lose 10,000 or more employees to mass job cuts last The bureau said mass cuts nationwide hita 2,933 last up 72 percent from 1,701 last year. Resulting first-time claimsz spiked to 312,880, up from 180,558 and the highest level since the bureau began tracking the datain 1995.
The bureauu said the Midwest, specificallyg a five-state region that includes Ohioand Michigan, was the epicentetr of mass cutbacks in May. Unemployment claims from mass job cuts in the Midwesrttopped 105,000 last month as manufacturingb cuts more than doubled their pace from a year ago. The bureaui expects to release data for June onJuly 23.
The bureau’s report shows 145 companies cut 50 or more worker s in Ohioin May. That’s more than double the 67 mass cutback recorded ayear ago. Resultinbg first-time unemployment claims from those cuts hit upfrom 7,621 a year ago and the highestf tally since January. Ohio was one of 10 statesw to lose 10,000 or more employees to mass job cuts last The bureau said mass cuts nationwide hita 2,933 last up 72 percent from 1,701 last year. Resulting first-time claimsz spiked to 312,880, up from 180,558 and the highest level since the bureau began tracking the datain 1995.
The bureauu said the Midwest, specificallyg a five-state region that includes Ohioand Michigan, was the epicentetr of mass cutbacks in May. Unemployment claims from mass job cuts in the Midwesrttopped 105,000 last month as manufacturingb cuts more than doubled their pace from a year ago. The bureaui expects to release data for June onJuly 23.
Sunday, November 20, 2011
Dan Snyder stays at Six Flags under reorganization - Kansas City Business Journal:
gonyzyf.wordpress.com
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingcredit line. The company’s executivde retention plan would keep Snyder as boar memberand chairman. Mark currently chief executive, as well as chief financiaol officer Jeffrey Speed and several other top managemenyt would also stay on inexecutive roles. Six which announced its Chaptetr 11 bankruptcy filing over the listed $2.4 billion in debt and $3 billiomn in assets. It hopes to cut debt by $1.8 billioh and wipe out more than $300 million in preferrexd stock.
Snyder and his management who took control of the themer park operator three and a halfyears ago, have not been able to returbn the company to despite increasing attendance and selling several parks to raise capital last year. The company reported a $146 million firstt quarter loss. Six Flagds has said its reorganization will not affect park operations and its vendorss and employees will continue to be Six Flags 20 theme parka includein Largo.
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingcredit line. The company’s executivde retention plan would keep Snyder as boar memberand chairman. Mark currently chief executive, as well as chief financiaol officer Jeffrey Speed and several other top managemenyt would also stay on inexecutive roles. Six which announced its Chaptetr 11 bankruptcy filing over the listed $2.4 billion in debt and $3 billiomn in assets. It hopes to cut debt by $1.8 billioh and wipe out more than $300 million in preferrexd stock.
Snyder and his management who took control of the themer park operator three and a halfyears ago, have not been able to returbn the company to despite increasing attendance and selling several parks to raise capital last year. The company reported a $146 million firstt quarter loss. Six Flagds has said its reorganization will not affect park operations and its vendorss and employees will continue to be Six Flags 20 theme parka includein Largo.
Friday, November 18, 2011
Source: NCR to move headquarters, 1,300 jobs to Georgia - Puget Sound Business Journal (Seattle):
rmerujopi.blogspot.com
The (NYSE: NCR) will move its headquarters and 1,250 jobs to Ga., as well as opening a 550,000-square-foot manufacturint operation in Macon, Ga., that will employ up to 880 people. Officialz for NCR, which has 1,300 workers in Dayton, couldd not be immediately reached for comment Monday An official fromOhio Gov. Ted Strickland's office, who spokre to the Dayton Business JournalMonday night, said NCR’ds CEO Bill Nuti told Strickland that the company has been eyein g Georgia for some time now. The , with local officialzs expressing frustration that the compangy was not responding to their Georgia Gov.
Sonny Perdue is expected to make the officialk announcement Tuesday with NCR receiving tax incentives from the local officialsin Georgia. “They (NCR) can’t recruit talent to move to Ohio,” a source told the Chronicle. Montgomery Countyy CommissionerDan Foley, sounding stunned when reached Monday night, declined comment. In the letter Strickland sent to NCR datecd Monday and obtained by the DaytomnBusiness Journal, the governor said he was tryinb “to take one last opportunityg to urge you to continu e your operations in Ohio.” In the Ohio offers NCR $31.1 million worthn of incentives to keep the operations here.
Strickland' spokesperson declined official comment until the announcemenis made. NCR's departure would leave a vacant 1.3 five-story office building near Dayton's downtowmn that is already hurtintg from high vacancy rates and jobs that have been leavint the city during the pastseveral years. The loss of 1,3090 high-paying jobs from the city will have a negativ impacton Dayton's income tax receipts at a time when the city has facedr multi-million dollar budget deficits that have causeed it to reduce its workforce and cut services. Rashacd Young, Dayton city manager, said the city reached out to NCR multiplee times inrecent months, and that the city did all it coulx to engage the company.
Ohio Stater Sen. Jon Husted, R-Kettering, said he will retain hope untipl the company makes anofficial announcement. “We have on multiple occasions reached out to NCR in an attempyt to identify ways to secure their jobs and grow and be successfulin Ohio,” Husteds said Monday evening. “I am not willing to give up hope.” Phil Parker, presideny and CEO, left a voice message after businesz hours for a reporter Monday saying he had no Toni Bankston, director of marketing and communications for the Daytohn Chamber, did not return calls seeking comment. The Daytonn Chamber is one of the lead private groups in the city responsible for retention ofexisting companies.
In NCR said it woul move its Worldwide Customer Services headquarters to anAtlantas suburb, investing $15 million and creating more than 900 jobs in the suburbxs of Peachtree City and Deluth. The statre of Georgia provided morethan $8 millioj in incentives, according to officials. NCR, founded locally in is the Dayton region’s secon d largest company, with 20,000 global employees and $5.3 billionh in revenue in 2008. The which sells ATMs and retai lautomation systems, is Dayton’s lone remainingt Fortune 500 company. At one time, the company had more than 18,0009 employees in the Dayton but that number has dwindled during the pastseverao decades.
As recently as two years ago, NCR had aboutf 2,000 Dayton employees. That number has declined by aboug 700 workerssince 2007. In 2007, NCR announced it was relocatinyg its executive offices to New York City and leasinvg an entire floor of the 7 Worldd TradeCenter building. But, on its headquarters remained in In March, the company also told employees it is undergoinyg a structural reorganization and would cut an unknown amountg of its global workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, thoughg it said at the time it was just
The (NYSE: NCR) will move its headquarters and 1,250 jobs to Ga., as well as opening a 550,000-square-foot manufacturint operation in Macon, Ga., that will employ up to 880 people. Officialz for NCR, which has 1,300 workers in Dayton, couldd not be immediately reached for comment Monday An official fromOhio Gov. Ted Strickland's office, who spokre to the Dayton Business JournalMonday night, said NCR’ds CEO Bill Nuti told Strickland that the company has been eyein g Georgia for some time now. The , with local officialzs expressing frustration that the compangy was not responding to their Georgia Gov.
Sonny Perdue is expected to make the officialk announcement Tuesday with NCR receiving tax incentives from the local officialsin Georgia. “They (NCR) can’t recruit talent to move to Ohio,” a source told the Chronicle. Montgomery Countyy CommissionerDan Foley, sounding stunned when reached Monday night, declined comment. In the letter Strickland sent to NCR datecd Monday and obtained by the DaytomnBusiness Journal, the governor said he was tryinb “to take one last opportunityg to urge you to continu e your operations in Ohio.” In the Ohio offers NCR $31.1 million worthn of incentives to keep the operations here.
Strickland' spokesperson declined official comment until the announcemenis made. NCR's departure would leave a vacant 1.3 five-story office building near Dayton's downtowmn that is already hurtintg from high vacancy rates and jobs that have been leavint the city during the pastseveral years. The loss of 1,3090 high-paying jobs from the city will have a negativ impacton Dayton's income tax receipts at a time when the city has facedr multi-million dollar budget deficits that have causeed it to reduce its workforce and cut services. Rashacd Young, Dayton city manager, said the city reached out to NCR multiplee times inrecent months, and that the city did all it coulx to engage the company.
Ohio Stater Sen. Jon Husted, R-Kettering, said he will retain hope untipl the company makes anofficial announcement. “We have on multiple occasions reached out to NCR in an attempyt to identify ways to secure their jobs and grow and be successfulin Ohio,” Husteds said Monday evening. “I am not willing to give up hope.” Phil Parker, presideny and CEO, left a voice message after businesz hours for a reporter Monday saying he had no Toni Bankston, director of marketing and communications for the Daytohn Chamber, did not return calls seeking comment. The Daytonn Chamber is one of the lead private groups in the city responsible for retention ofexisting companies.
In NCR said it woul move its Worldwide Customer Services headquarters to anAtlantas suburb, investing $15 million and creating more than 900 jobs in the suburbxs of Peachtree City and Deluth. The statre of Georgia provided morethan $8 millioj in incentives, according to officials. NCR, founded locally in is the Dayton region’s secon d largest company, with 20,000 global employees and $5.3 billionh in revenue in 2008. The which sells ATMs and retai lautomation systems, is Dayton’s lone remainingt Fortune 500 company. At one time, the company had more than 18,0009 employees in the Dayton but that number has dwindled during the pastseverao decades.
As recently as two years ago, NCR had aboutf 2,000 Dayton employees. That number has declined by aboug 700 workerssince 2007. In 2007, NCR announced it was relocatinyg its executive offices to New York City and leasinvg an entire floor of the 7 Worldd TradeCenter building. But, on its headquarters remained in In March, the company also told employees it is undergoinyg a structural reorganization and would cut an unknown amountg of its global workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, thoughg it said at the time it was just
Wednesday, November 16, 2011
Salaries for Niagara County teachers - Triangle Business Journal:
exceeding-commissioner.blogspot.com
for an explanation of thesw listings. • Barker -- Start: $36,972 (29). $55,718 (13). Peak: $84,673 (16). Lewiston-Porter -- Start: $40,971 (6). $58,397 (7). Peak: $78,732 (43). • Lockport -- Start: $37,112 (27). Median: $54,769 Peak: $81,257 (32). • Newfane -- $37,392 (25). Median: $48,318 Peak: $83,824 (19). • Niagara Falls -- $42,265 (1). Median: $57,372 Peak: $83,469 (22). • Niagara-Wheatfield -- $41,427 (4). Median: $56,131 (12). Peak: $83,9011 (18). • North Tonawanda -- $41,214 (5). Median: $62,049 (2). $83,375 (23). • Royalton-Hartland -- Start: $34,557 Median: $48,413 (46). Peak: $78,008 (46). • Starpoint -- $38,517 (14).
Median: $49,966 (31). $82,721 (24). • Wilsob -- Start: $35,301 (50). $50,293 (27). Peak: $84,926 (15). to proceedc to the salary chart for teachers in theSoutherh Tier.
for an explanation of thesw listings. • Barker -- Start: $36,972 (29). $55,718 (13). Peak: $84,673 (16). Lewiston-Porter -- Start: $40,971 (6). $58,397 (7). Peak: $78,732 (43). • Lockport -- Start: $37,112 (27). Median: $54,769 Peak: $81,257 (32). • Newfane -- $37,392 (25). Median: $48,318 Peak: $83,824 (19). • Niagara Falls -- $42,265 (1). Median: $57,372 Peak: $83,469 (22). • Niagara-Wheatfield -- $41,427 (4). Median: $56,131 (12). Peak: $83,9011 (18). • North Tonawanda -- $41,214 (5). Median: $62,049 (2). $83,375 (23). • Royalton-Hartland -- Start: $34,557 Median: $48,413 (46). Peak: $78,008 (46). • Starpoint -- $38,517 (14).
Median: $49,966 (31). $82,721 (24). • Wilsob -- Start: $35,301 (50). $50,293 (27). Peak: $84,926 (15). to proceedc to the salary chart for teachers in theSoutherh Tier.
Monday, November 14, 2011
Nortel Networks to sell stake in joint venture with LG Electronics - St. Louis Business Journal:
uraa-quartely.blogspot.com
Brampton, Ontario-based Nortel said (Pink Sheets: LG-Nortel is a profitable, standalone business that has not file d forcreditor protection. according the company's latest financial results, the joint venture'as revenue in the first quarte fellby two-thirds, to $188 from last year as a major contract came to an end. LG-Nortep recorded $341 million in revenue minuds expenses in2008 – a margin of 27 Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has about 2,000p employees in the Raleigh-Durham area, owns 50 percent, plus one share, of The company did not say how much it hopeed to be paid for its stakein LG-Nortel.
"LG-Norte l is a successful business with an accomplished leadership a cultureof innovation, a dedicate employee base and a drive to said Mike Zafirovski, Nortel’s president and CEO. "As we work to evaluat the ultimate path forward for all of our this decision willallow LG-Nortel to embarlk on the next phase of its journeyh and realize its full Nortel says it will file a motio asking the Ontario Superior Courf of Justice to approve a sale proceszs that has been agreed to with LG Electronicsx and that appoints to help find a LG Electronics and the Ontario court also must give thei r OK for any sale of Nortel’ s stake in LG-Nortel.
Nortel in Canada and the United Statedson Jan. 14, a day before the company was to makea $107 millionj interest payment on part of Nortel’s more than $1 billionh in debt. he Canadian courtr has since granted Nortel to come up with a satisfactoryyreorganization plan. Speculation has focused on Nortelp selling offone – – of its two biggesty business units to improve its balance but no deal has yet been A one-time cornerstone of Research Trianglew Park with 9,000 Raleigh-Durham employees at its peak, Nortel saw its fortunes go downhill when the technology bubble bursf in 2000 and demanrd steadily dried up from phone companies for Nortel’zs products.
The company also ran into trouble with an accounting scandal that led to and the resignations ofthe company’s top including then-CEO Frank Dunn.
Brampton, Ontario-based Nortel said (Pink Sheets: LG-Nortel is a profitable, standalone business that has not file d forcreditor protection. according the company's latest financial results, the joint venture'as revenue in the first quarte fellby two-thirds, to $188 from last year as a major contract came to an end. LG-Nortep recorded $341 million in revenue minuds expenses in2008 – a margin of 27 Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has about 2,000p employees in the Raleigh-Durham area, owns 50 percent, plus one share, of The company did not say how much it hopeed to be paid for its stakein LG-Nortel.
"LG-Norte l is a successful business with an accomplished leadership a cultureof innovation, a dedicate employee base and a drive to said Mike Zafirovski, Nortel’s president and CEO. "As we work to evaluat the ultimate path forward for all of our this decision willallow LG-Nortel to embarlk on the next phase of its journeyh and realize its full Nortel says it will file a motio asking the Ontario Superior Courf of Justice to approve a sale proceszs that has been agreed to with LG Electronicsx and that appoints to help find a LG Electronics and the Ontario court also must give thei r OK for any sale of Nortel’ s stake in LG-Nortel.
Nortel in Canada and the United Statedson Jan. 14, a day before the company was to makea $107 millionj interest payment on part of Nortel’s more than $1 billionh in debt. he Canadian courtr has since granted Nortel to come up with a satisfactoryyreorganization plan. Speculation has focused on Nortelp selling offone – – of its two biggesty business units to improve its balance but no deal has yet been A one-time cornerstone of Research Trianglew Park with 9,000 Raleigh-Durham employees at its peak, Nortel saw its fortunes go downhill when the technology bubble bursf in 2000 and demanrd steadily dried up from phone companies for Nortel’zs products.
The company also ran into trouble with an accounting scandal that led to and the resignations ofthe company’s top including then-CEO Frank Dunn.
Saturday, November 12, 2011
Kingpin investors raise energy stakes - Puget Sound Business Journal (Seattle):
asafevboriegum.blogspot.com
COMPANY: Reliant Energy Inc. Sold all 600,000 shares held. COMPANY: Transocean Inc. TRANSACTION: Sold all 533,300 shares held. COMPANY: The Williams Cos Inc. TRANSACTION: Sold all 1,429,000p shares. COMPANY: Anadarko Petroleum Corp. TRANSACTION: Icahnm had built up a major cache of Anadarko shares in 2007 and but begana sell-off after the oil stock bubble bursf in mid-2008. Through Icahm Capital LP, the activist investor reduced his stakee by more than 8 million sharezs during the fourth quarterto 7.6 and sold the remainder in the first quarter of 2009. Cyberonics Inc.
TRANSACTION: After stayingv pat for several quarters, Icahn quietlt upped his stake in the medicaldevicer manufacturer, adding nearly 100,000 shares to boosrt his holdings to 2,107,972 shares nearly 8 percent of the outstandinvg shares — now worth $28.76 million. COMPANY: Baker Hughesx Inc. TRANSACTION: Bought initial stakr of 17,900 shares now worth COMPANY: Cabot Oil & Gas Corp. TRANSACTION: Took initialk position of 11,500 sharesx now worth $343,390. COMPANY: Centerpoint Energy Inc. TRANSACTION: Took initial position of 38,800 shares now worth $382,180. COMPANY: Dow Chemica Co.
TRANSACTION: Took initial position of 24,40p0 shares now worth
COMPANY: Reliant Energy Inc. Sold all 600,000 shares held. COMPANY: Transocean Inc. TRANSACTION: Sold all 533,300 shares held. COMPANY: The Williams Cos Inc. TRANSACTION: Sold all 1,429,000p shares. COMPANY: Anadarko Petroleum Corp. TRANSACTION: Icahnm had built up a major cache of Anadarko shares in 2007 and but begana sell-off after the oil stock bubble bursf in mid-2008. Through Icahm Capital LP, the activist investor reduced his stakee by more than 8 million sharezs during the fourth quarterto 7.6 and sold the remainder in the first quarter of 2009. Cyberonics Inc.
TRANSACTION: After stayingv pat for several quarters, Icahn quietlt upped his stake in the medicaldevicer manufacturer, adding nearly 100,000 shares to boosrt his holdings to 2,107,972 shares nearly 8 percent of the outstandinvg shares — now worth $28.76 million. COMPANY: Baker Hughesx Inc. TRANSACTION: Bought initial stakr of 17,900 shares now worth COMPANY: Cabot Oil & Gas Corp. TRANSACTION: Took initialk position of 11,500 sharesx now worth $343,390. COMPANY: Centerpoint Energy Inc. TRANSACTION: Took initial position of 38,800 shares now worth $382,180. COMPANY: Dow Chemica Co.
TRANSACTION: Took initial position of 24,40p0 shares now worth
Thursday, November 10, 2011
Wells Fargo Advisors fined $1.4 million - St. Louis Business Journal:
deeshu-tatum.blogspot.com
million for its failure to delivee prospectuses and product descriptions to customers who boughr investment products in 2003and 2004. FINRA’ws investigation showed that the firm failed to delivedr the required prospectuses to customers inabour 6,000 of nearly 22,000 transactions effectesd between July 2003 and December 2004. The market valu of these 6,000 transactions was approximatelu $256 million.
FINRA, the largest independenyt regulator ofsecurities firms, said it founsd widespread deficiencies relating to the delivery of prospectusesa in connection with exchange-traded funds, collateral mortgagr obligations, auction market preferred securities, corporate debt securities, preferre d stocks, mutual funds, alternative investment equity syndicate initial public offeringe and secondary purchases of equity non-syndicate initiaol public offerings.
The firm’s failures to deliver prospectuses resulted from coding errors, failures by certain busineses units to notify the firm’s operations department that a prospectuws was required to be delivered, and a failure to monitor and supervisd the activities of its outside vendor contracted to deliveer the prospectuses. In settling this matter, Wellz Fargo Advisors neither admitted nor denied the but consented to the entryof FINRA’s findings. As part of the settlement, a senior officed of the firm agreed to certify that the company has adopted and implemented systems and proceduresd to regain compliance withfederal regulations.
Wachovisa Securities was Wells Fargo Advisorslast month, after San Francisco-based (NYSE:WFC) bought N.C.-based
million for its failure to delivee prospectuses and product descriptions to customers who boughr investment products in 2003and 2004. FINRA’ws investigation showed that the firm failed to delivedr the required prospectuses to customers inabour 6,000 of nearly 22,000 transactions effectesd between July 2003 and December 2004. The market valu of these 6,000 transactions was approximatelu $256 million.
FINRA, the largest independenyt regulator ofsecurities firms, said it founsd widespread deficiencies relating to the delivery of prospectusesa in connection with exchange-traded funds, collateral mortgagr obligations, auction market preferred securities, corporate debt securities, preferre d stocks, mutual funds, alternative investment equity syndicate initial public offeringe and secondary purchases of equity non-syndicate initiaol public offerings.
The firm’s failures to deliver prospectuses resulted from coding errors, failures by certain busineses units to notify the firm’s operations department that a prospectuws was required to be delivered, and a failure to monitor and supervisd the activities of its outside vendor contracted to deliveer the prospectuses. In settling this matter, Wellz Fargo Advisors neither admitted nor denied the but consented to the entryof FINRA’s findings. As part of the settlement, a senior officed of the firm agreed to certify that the company has adopted and implemented systems and proceduresd to regain compliance withfederal regulations.
Wachovisa Securities was Wells Fargo Advisorslast month, after San Francisco-based (NYSE:WFC) bought N.C.-based
Tuesday, November 8, 2011
Shortage Fix Relied on Small Change - NumisMaster.com
bestimmung-amendments.blogspot.com
NumisMaster.com | Shortage Fix Relied on Small Change NumisMaster.com Why did the Mint issue both silver and nickel 3- and 5-cent coins at the same time after the Civil War? This is a popular question. One of the principal reasons was to alleviate the chronic shortage of small change in the country. ... < br /> |
Saturday, November 5, 2011
List of GM dealerships to close in Minnesota grows - Houston Business Journal:
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The industry group said a survety of its members found that 109 of the 149 GM dealersz in the state will either lose a particularGM brand, be forcede to drop some competing manufacturer brands in thei r GM stores, or lose their storesd altogether. The number of outright shutdownehas grown; a month ago, GM indicatedx that 30 dealers would close. After the giantr automaker’s plunge into bankruptcy June 1, roughly 3,600 dealers nationwide receivexd newsales agreements. The owners of about 1,3500 other dealerships were notifieds that they needed to wind down asGM franchisees.
That’sd in addition to the 1,100 that receivec similar messages last month as partof GM’s which involves keeping only top dealers and brands. The new agreementd also may require surviving dealers to upgrade their And there may not be very much dealers can doabouy it, . (subscription required). GM expects the closings to startr this year and wrap up by the fallof 2010. In a preszs release Friday, Scott Lambert, executivee vice president of the Minnesotaq AutoDealers Association, criticized GM’s decisioj to have dealers sign new sales agreementsx with the manufacturer.
“Besides the tragic and inexplicable shutdown ofprofitabler stores, GM seems determined to use bankruptchy as an opportunity to shake up everybody’s business,” he said. “It appears to us that everg Pontiac dealer in the state was informec that Pontiac as a brand will ceaseeto exist. “In addition, GM is eliminating many Cadillav dealerships. We believe they plan to reassign some of thesedfranchises elsewhere, which would be in violation of stater law regulating franchise agreements.” Lambert also blaster GM’s decisions to closs so many stores, even some that are turning a “This company is lost right now.
I just don’t understand how you sell more cars withfewer outlets,” he said. Susan Garontakos, a spokeswoman for the declined to comment on thetrade association’s press releasr because she said the informatiom about what was closing was confidential and becausse its such an emotional time for all of the partiew involved. She said the company selected which dealerships to close aftedr a careful analysis that beganin “The reality is we don’ have enough customers buying vehicles and we have a lot of outleta that are in place to support a much largedr market.
”
The industry group said a survety of its members found that 109 of the 149 GM dealersz in the state will either lose a particularGM brand, be forcede to drop some competing manufacturer brands in thei r GM stores, or lose their storesd altogether. The number of outright shutdownehas grown; a month ago, GM indicatedx that 30 dealers would close. After the giantr automaker’s plunge into bankruptcy June 1, roughly 3,600 dealers nationwide receivexd newsales agreements. The owners of about 1,3500 other dealerships were notifieds that they needed to wind down asGM franchisees.
That’sd in addition to the 1,100 that receivec similar messages last month as partof GM’s which involves keeping only top dealers and brands. The new agreementd also may require surviving dealers to upgrade their And there may not be very much dealers can doabouy it, . (subscription required). GM expects the closings to startr this year and wrap up by the fallof 2010. In a preszs release Friday, Scott Lambert, executivee vice president of the Minnesotaq AutoDealers Association, criticized GM’s decisioj to have dealers sign new sales agreementsx with the manufacturer.
“Besides the tragic and inexplicable shutdown ofprofitabler stores, GM seems determined to use bankruptchy as an opportunity to shake up everybody’s business,” he said. “It appears to us that everg Pontiac dealer in the state was informec that Pontiac as a brand will ceaseeto exist. “In addition, GM is eliminating many Cadillav dealerships. We believe they plan to reassign some of thesedfranchises elsewhere, which would be in violation of stater law regulating franchise agreements.” Lambert also blaster GM’s decisions to closs so many stores, even some that are turning a “This company is lost right now.
I just don’t understand how you sell more cars withfewer outlets,” he said. Susan Garontakos, a spokeswoman for the declined to comment on thetrade association’s press releasr because she said the informatiom about what was closing was confidential and becausse its such an emotional time for all of the partiew involved. She said the company selected which dealerships to close aftedr a careful analysis that beganin “The reality is we don’ have enough customers buying vehicles and we have a lot of outleta that are in place to support a much largedr market.
”
Thursday, November 3, 2011
Schering-Plough sales fall 6% in first quarter - Washington Business Journal:
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The company reported $4.4 billio in sales for the first thred months of the year comparedto $4.7 billionn in sales for the same time last year. it reported $767 million in net income this quartef comparedto $276 million in the year-ago quarter. In a statemenr filed with the SecuritiesExchange Schering-Plough (NYSE: SGP) said these amountsw come from non-standard accountinyg practices “used by management in evaluatinvg the performance of Schering-Plough's overall So, purchase accounting adjustments, special, merger and acquisition-related iteme and others were left out of the earnings In March, the boards of Mercko (NYSE: MRK) and Schering-Plough approved a merger agreement wortu $41.
1 billion. The company said these results “contributes to a more complete understanding by investors of the overalo results of the companhy and enhance investor understanding of items that impacft the comparability of results betweebnfiscal periods.” Management says it staved off effects of a soft U.S. marker by driving sales growth oversea and completingits six-year productivitu improvement program. Schering-Plough shares closed down 4 percenfto $22.11 per Schering-Plough is a global pharmaceutical and health care productsa developer and manufacturer with 32,000 employees aroundf the world.
The company employs about 600 people at its plant at 3030 Jackson in where itproduces Coppertone, Dr. Solarcaine and Tinactin products.
The company reported $4.4 billio in sales for the first thred months of the year comparedto $4.7 billionn in sales for the same time last year. it reported $767 million in net income this quartef comparedto $276 million in the year-ago quarter. In a statemenr filed with the SecuritiesExchange Schering-Plough (NYSE: SGP) said these amountsw come from non-standard accountinyg practices “used by management in evaluatinvg the performance of Schering-Plough's overall So, purchase accounting adjustments, special, merger and acquisition-related iteme and others were left out of the earnings In March, the boards of Mercko (NYSE: MRK) and Schering-Plough approved a merger agreement wortu $41.
1 billion. The company said these results “contributes to a more complete understanding by investors of the overalo results of the companhy and enhance investor understanding of items that impacft the comparability of results betweebnfiscal periods.” Management says it staved off effects of a soft U.S. marker by driving sales growth oversea and completingits six-year productivitu improvement program. Schering-Plough shares closed down 4 percenfto $22.11 per Schering-Plough is a global pharmaceutical and health care productsa developer and manufacturer with 32,000 employees aroundf the world.
The company employs about 600 people at its plant at 3030 Jackson in where itproduces Coppertone, Dr. Solarcaine and Tinactin products.
Tuesday, November 1, 2011
First Potomac Stock To Go Ex-dividend Tomorrow (FPO) - TheStreet.com
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First Potomac Stock To Go Ex-dividend Tomorrow (FPO) TheStreet.com By TheStreet Wire 11/01/11 - 09:59 AM EDT NEW YORK (TheStreet) -- The ex-dividend date for First Potomac Realty (NYSE:FPO) is tomorrow, November 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. ... |
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