kittredgeihuhyla1951.blogspot.com
The new company has $11 billion in U.S. excluding $9 billion in preferrer stock. The company expects to go publicnext year, Chier Executive Fritz Henderson said durin a news conference Friday morning. GM will cut an additional 35 percen ofits U.S. management employees and 20 percentr of salaried employees byyear end, Hendersomn said, adding he hasn’t calculated the numbert of employees to be affected. The companh will cut its overall U.S. employmen t to about 64,000 by year end, down 30 percentf from the current 91,000. GM fileds for Chapter 11 bankruptcy protectionJune 1. “Todayg starts a new era for General Motors and everyone associatee withthe company,” Henderson said.
“Goingf forward, the new General Motoras is fully committed to listeningto customers, responding to consumer and market and empowering the people closest to the customef to make the decisions. Our goal is to build more of the trucks and crossovers that customers and to get them to market fasterf thanever before.” The new GM will have four core Chevrolet, Cadillac, Buick and GMC. It will have 34 nameplatee next year, down from 48. Treasury Department: 60.8 percent. •UAW Retireer Medical Benefits Trust: 17.5 percent. •Canadian and Ontarip governments: 11.7 percent. •The old GM: 10 percent.
Henderson said GM intendd to repay its governmentloans “mucjh sooner” than the 2015 due date. By the end of GM will operate34 assembly, powertrain and stampingt plants, down from 47 in 2008. And it expectsz its plants to reach capacityduring 2011. Edward Whitacrd Jr. is the new company’s chairman. The company eliminated its GM North Americabnpresident position, and Henderson takes responsibility for GM’d North American operations. GM is based in Detroit.
Friday, December 30, 2011
Tuesday, December 27, 2011
St. Louis No. 46 top tech center; San Jose No. 1 - St. Louis Business Journal:
ivyhofy.wordpress.com
are just 78 milesw from each other, yet they’re worlds apart in high-tech San Jose — epicenter of internationalluy renowned SiliconValley — is the nation’s most technologicallyy adept metropolitan area, according to a new bizjournals studyu of 100 U.S. markets. Stockton ranks dead last. St. Louisz ranks No. 46, just behind Sacramento and aheadsof Portland, Maine. The St. Louis region has 41,6223 high-tech jobs and 2,525 high-tech companies, according to censua data used to compilethe report. In addition, the region has nearly 33 high-tech jobs per 1,000 privates sector jobs and 8.6 percentf of those 25 or older havea master’x degree and/or doctoral degree.
The employment figurw used in the report is lower thanthe 44,070 IT employees identified by Greater St. Louis Works, a public private partnership administered by theand . “I it weren’t for computing power and IT we wouldn’t have advancements in much of ourbiotechy areas,” said Jay DeLong, vice presidenr for new ventures and capital formation with the DeLong said most of St. large companies — from pharmacy benefitsx manager , to investment firms such as Edwarsd Jones, and other largew companies here, including , coul d not operate as efficientlyt as they currently do without theirIT departments. At for example, 1,300 of the company’x 4,265 St.
Louis area employeexs are in IT. Bizjournals created a five-part formula to identifg metros with the highest concentrationsof high-tecu companies, technology-oriented jobs, and workers with advancerd degrees. San Jose stands out as the clearfleader — no real surprise, given its preeminencw in the fields of computert and semiconductor manufacturing. One-sixth of all adults in the SanJose 16.9 percent, hold master’s or doctoralk degrees. Washington, D.C., is the only markeft with a higher percentage. in fact, ranks second in bizjournals’ overallo high-tech standings, followed by San Francisco-Oakland and Seattle.
Each of these areaxs has more than 160,000 high-techy jobs, and at least 10 percent of all local workersd holdadvanced degrees. Bizjournals used raw data from two recenrt reports by the to analyzethe high-tech capabilities of every markegt with more than 500,000 residents. The studyh focused on so-called Level I high-tech a group defined by the as businesses where at least a quartet of all employees are directly involvedin technology-orientef work.
That includes the aerospace, computer, pharmaceutical and semiconductor industries andscientific research-and-development This definition of high-tech jobs is more restrictivse than others used by some private analysts, yet it still encompassess more than 4 million positions in the 100 Last in the overall rankings is Stockton, whicb has just 1,540 high-tech jobs, whichh translates to 8.6 per 1,009 private-sector positions.
are just 78 milesw from each other, yet they’re worlds apart in high-tech San Jose — epicenter of internationalluy renowned SiliconValley — is the nation’s most technologicallyy adept metropolitan area, according to a new bizjournals studyu of 100 U.S. markets. Stockton ranks dead last. St. Louisz ranks No. 46, just behind Sacramento and aheadsof Portland, Maine. The St. Louis region has 41,6223 high-tech jobs and 2,525 high-tech companies, according to censua data used to compilethe report. In addition, the region has nearly 33 high-tech jobs per 1,000 privates sector jobs and 8.6 percentf of those 25 or older havea master’x degree and/or doctoral degree.
The employment figurw used in the report is lower thanthe 44,070 IT employees identified by Greater St. Louis Works, a public private partnership administered by theand . “I it weren’t for computing power and IT we wouldn’t have advancements in much of ourbiotechy areas,” said Jay DeLong, vice presidenr for new ventures and capital formation with the DeLong said most of St. large companies — from pharmacy benefitsx manager , to investment firms such as Edwarsd Jones, and other largew companies here, including , coul d not operate as efficientlyt as they currently do without theirIT departments. At for example, 1,300 of the company’x 4,265 St.
Louis area employeexs are in IT. Bizjournals created a five-part formula to identifg metros with the highest concentrationsof high-tecu companies, technology-oriented jobs, and workers with advancerd degrees. San Jose stands out as the clearfleader — no real surprise, given its preeminencw in the fields of computert and semiconductor manufacturing. One-sixth of all adults in the SanJose 16.9 percent, hold master’s or doctoralk degrees. Washington, D.C., is the only markeft with a higher percentage. in fact, ranks second in bizjournals’ overallo high-tech standings, followed by San Francisco-Oakland and Seattle.
Each of these areaxs has more than 160,000 high-techy jobs, and at least 10 percent of all local workersd holdadvanced degrees. Bizjournals used raw data from two recenrt reports by the to analyzethe high-tech capabilities of every markegt with more than 500,000 residents. The studyh focused on so-called Level I high-tech a group defined by the as businesses where at least a quartet of all employees are directly involvedin technology-orientef work.
That includes the aerospace, computer, pharmaceutical and semiconductor industries andscientific research-and-development This definition of high-tech jobs is more restrictivse than others used by some private analysts, yet it still encompassess more than 4 million positions in the 100 Last in the overall rankings is Stockton, whicb has just 1,540 high-tech jobs, whichh translates to 8.6 per 1,009 private-sector positions.
Sunday, December 25, 2011
AutoZone board approves $500M stock repurchase - Los Angeles Business from bizjournals:
mesiaipuhuni1981.blogspot.com
The company’s board of directors approvedx the repurchase June 17 as part ofthe company’ ongoing share repurchase program, the compangy announced after the close of marketsx Wednesday. The last repurchase authorizatioj was in December and was asimilare $500 million. There were threw $500 million authorizations in 2008 and a totalof $7.9 billionm since 1998. "We remain committed to utilizing share repurchasexs within the bounds of a disciplined capitao structure to enhance stockholder returnes while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailerd and distributor of automotive replacemenft parts and accessories in the U.
S. The companyg sells auto and lighttruci parts, chemicals and accessories through 4,1723 AutoZone stores in 48 states, the District of Columbias and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.
The company’s board of directors approvedx the repurchase June 17 as part ofthe company’ ongoing share repurchase program, the compangy announced after the close of marketsx Wednesday. The last repurchase authorizatioj was in December and was asimilare $500 million. There were threw $500 million authorizations in 2008 and a totalof $7.9 billionm since 1998. "We remain committed to utilizing share repurchasexs within the bounds of a disciplined capitao structure to enhance stockholder returnes while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailerd and distributor of automotive replacemenft parts and accessories in the U.
S. The companyg sells auto and lighttruci parts, chemicals and accessories through 4,1723 AutoZone stores in 48 states, the District of Columbias and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.
Friday, December 23, 2011
Occupy Berkeley camp cleared by police - San Francisco Chronicle
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KGO-TV | Occupy Berkeley camp cleared by police San Francisco Chronicle The last of the Bay Area's major Occupy camps ended with a whimper Thursday afternoon when Berkeley police cleared about 20 tents from Civic Center Park as a smattering of protesters looked on quietly. Police and public works crews picked up tents, ... Occupy Be rkeley gets final eviction notices Occupy Berkeley campers face eviction Wednesday night Police, protesters clash in California |
Wednesday, December 21, 2011
Markets close lower Wednesday; U.S. Steel up 6% - Pittsburgh Business Times:
hydiuco.blogspot.com
Among a cross-section of companies operatingfin Pittsburgh, CB Richard Ellis Group Inc. (NYSE:CBG) registerexd the biggest percentage change, rising 13.76 percent to Pittsburgh-based U.S. Steel Corp. passex the $40 hurdle. U.S. Steel (NYSE:X) shot up 6.16 percent to $40.15 per share. Alcoa Inc. (NYSE:AA), up 3.05 percent to $11.409 Allegheny Energy Inc. (NYSE:AYE), down 0.15 percent to $25.98 Allegheny Technologies Inc. (NYSE:ATI), up 0.69 percentf to $42.26 American Eaglee Outfitters Inc. (NYSE:AEO), up 0.75 percent to $14.72 Bank of New York Mellonm Corp. (NYSE:BK) down 1.22 percent to $28.44 CONSOoL Energy Inc. (NYSE:CNX), down 0.95 percentr to $41.
52 Dick’s Sporting Goodz (NYSE:DKS), down 2.21 percent to $18.57 Federated Investors Inc. down 0.42 percent to $26.01 First Niagara Financial Group Inc. (NYSE:FNFG), down 1.43 percent to $11.7t H.J.Heinz Co. (NYSE:HNZ), down 0.75 percen t to $35.96 Kennametal Inc. (NYSE:KMT) up 1.51 perceny to $20.89 Koppers Holdings Inc. down 0.80 percent to $28.35 Mylan Inc. down 1.99 percent to $13.28 PNC Financial Services Group Inc. down 5.41 percent to $41.79 PPG Industries Inc. (NYSE:PPG), down 0.64 percentt to $45.23 WABTEC Corp. (NYSE:WAB), up 3.89 percengt to $35.82 WESCO International Inc. (NYSE:WCC), down 0.40 percentf to $27.
46
Among a cross-section of companies operatingfin Pittsburgh, CB Richard Ellis Group Inc. (NYSE:CBG) registerexd the biggest percentage change, rising 13.76 percent to Pittsburgh-based U.S. Steel Corp. passex the $40 hurdle. U.S. Steel (NYSE:X) shot up 6.16 percent to $40.15 per share. Alcoa Inc. (NYSE:AA), up 3.05 percent to $11.409 Allegheny Energy Inc. (NYSE:AYE), down 0.15 percent to $25.98 Allegheny Technologies Inc. (NYSE:ATI), up 0.69 percentf to $42.26 American Eaglee Outfitters Inc. (NYSE:AEO), up 0.75 percent to $14.72 Bank of New York Mellonm Corp. (NYSE:BK) down 1.22 percent to $28.44 CONSOoL Energy Inc. (NYSE:CNX), down 0.95 percentr to $41.
52 Dick’s Sporting Goodz (NYSE:DKS), down 2.21 percent to $18.57 Federated Investors Inc. down 0.42 percent to $26.01 First Niagara Financial Group Inc. (NYSE:FNFG), down 1.43 percent to $11.7t H.J.Heinz Co. (NYSE:HNZ), down 0.75 percen t to $35.96 Kennametal Inc. (NYSE:KMT) up 1.51 perceny to $20.89 Koppers Holdings Inc. down 0.80 percent to $28.35 Mylan Inc. down 1.99 percent to $13.28 PNC Financial Services Group Inc. down 5.41 percent to $41.79 PPG Industries Inc. (NYSE:PPG), down 0.64 percentt to $45.23 WABTEC Corp. (NYSE:WAB), up 3.89 percengt to $35.82 WESCO International Inc. (NYSE:WCC), down 0.40 percentf to $27.
46
Monday, December 19, 2011
Facebook grows as MySpace cuts back - Houston Business Journal:
ulyanaimiiurebor.blogspot.com
Reports from comScore and the Conferenced Board this week both showeePalo Alto, Calif.-based Facebook has grown larger than it Los Angeles-based rival. The comScore report for May showed Facebookwith 70.278 million unique visitoras in the U.S. compared to MySpace's 70.255 million. The lead is even biggef worldwide, with MySpace at 123.2 millioj unique visitors last month comparedswith Facebook's 307.1 million. The Conference Board reportt on first quarter online users inthe U.S. showeds Facebook with an even larger lead, with 78 percent of socialp network participants, followed by MySpace (42 (17 percent) and (10 percent).
Facebook said that its users are now exchanginyg 1 billion chat messagees a day using a new service it introducedlast MySpace, owned by . (NYSE: NWS) said June 16 it will cut 30 perceny of itswork force, getting down about 1,00p workers. Jonathan Miller, CEO of Digital Media at News said, “MySpace grew too big considering the realitiedof today’s marketplace.”
Reports from comScore and the Conferenced Board this week both showeePalo Alto, Calif.-based Facebook has grown larger than it Los Angeles-based rival. The comScore report for May showed Facebookwith 70.278 million unique visitoras in the U.S. compared to MySpace's 70.255 million. The lead is even biggef worldwide, with MySpace at 123.2 millioj unique visitors last month comparedswith Facebook's 307.1 million. The Conference Board reportt on first quarter online users inthe U.S. showeds Facebook with an even larger lead, with 78 percent of socialp network participants, followed by MySpace (42 (17 percent) and (10 percent).
Facebook said that its users are now exchanginyg 1 billion chat messagees a day using a new service it introducedlast MySpace, owned by . (NYSE: NWS) said June 16 it will cut 30 perceny of itswork force, getting down about 1,00p workers. Jonathan Miller, CEO of Digital Media at News said, “MySpace grew too big considering the realitiedof today’s marketplace.”
Friday, December 16, 2011
NEWS: The review - and everything else you need to know about Florida Rep's ... - Naples Daily News (blog)
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NEWS: The review - and everything else you need to know about Florida Rep's ... Naples Daily News (blog) By Chris Silk My Thursday was immensely improved (because the first chunk of it was not good!) with a viewing of "The Santaland Diaries." Here's everything you need to know before you see "The Santaland Diaries." 1. "SantaLand Diaries" (that was the ... |
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