Sunday, October 31, 2010

Another two-horse race in prospect in Spain (Roundup) - Monsters and Critics.com

http://wemakesites.org/one-and-two-year-m-phil-degree-courses


Another two-horse race in prospect in Spain (Roundup)

Monsters and Critics.com


Madrid - The battle for the Spanish league title looks all set to become another two-horse race, in light of the ...



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Thursday, October 28, 2010

US Continues Aid to Nations That Used Child Soldiers - New York Times

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US Continues Aid to Nations That Used Child Soldiers

New York Times


WASHINGTON รข€" In 2009, the government of Chad conscripted refugee children for unlawful use as guards and combatants in its desert battles ...



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Wednesday, October 27, 2010

Bayhill could earn more than $350M in Genentech collaboration - Silicon Valley / San Jose Business Journal:

chauezhelolocu1622.blogspot.com
San Mateo-based Bayhill's BHT-3021 is a DNA-based antigen specifivc immunotherapy currently in clinical trials for patients with type 1 Under the terms ofthe agreement, South San Francisco-based Genentecu will make an upfront payment of $25 million in cash and with additional development, regulatory and salesx milestone payments potentially exceedinbg $325 million. Bayhill will also receive competitive escalatinfg royalties on annualnet sales. Bayhill will be responsible for completingtthe trial, while Genentech will be responsible for all futuree research, development, manufacturing and commercialization efforts.
Genentech will reimbursw Bayhill the remaining costs of the trial and will fund allfutured expenses. Under the terms of the agreement, Bayhill retains rights to opt-in on future development as well as an optiohnto co-promote in North America. Bayhill Therapeutics is a clinical-stagd biopharmaceutical company focused onautoimmuner diseases. Genentech is a wholly-owned member of the Roche Group.

Monday, October 25, 2010

South Florida

http://nekretnine-hr.net/user
Fewer patients, more people withouf insurance, shrinking tax revenue and sagging investment portfolio are the major factors giving health careexecutivese heartburn. At a time when the state was losing jobs employment inhealth care/social assistance increased by 35,100o from November 2007 to November according to state data. The 4 percenf increase led all industries. But, layoffs have started, includinhg at . Hundreds of employees lost theirt jobs when bought in Fort Lauderdal e and swiftly closed the Other institutions are freezing hiringfor non-medical jobs, said Frankk Sacco, CEO of , whichn runs five taxpayer-supported hospitals in southern Broward County.
“Hospitalxs will have to cut their expense,” Sacco said. “Sixty percentr of hospital expenseis labor. I don’t thinkl it will be as radical a downturmn as the rest of the but you will certainly seea squeeze.” Sacco’s organizationn has slowed hiring and put a $42 million planned bed tower at on hold until the financial picturd improves. South Florida’s acute care hospital recorded morethan 2.56 million patient bed days in the firsrt nine months of 2008, down by just 0.4 percent from the same perioc in 2007, according to data from the threes county health councils. However, the differencse is in the typeof patients.
Saccol said Memorial has registered 800to 1,000 more uninsures patients at its clinics, but it’s been gettinhg fewer elective surgeries, which are often paying patients. Sinces people usually retain health benefits for some time afteer theyare unemployed, the health care industry usuallyu trails the downside of the economy by six to 12 Sacco said. “Up until this financial crisis, health care was always deemedf tobe recession-proof,” said Brianm Keeley, CEO of Miami-based hospita l operator . “When people lose their jobs and they will continue to come to the butthey don’t pay their Declining investment portfolios also wounded hospitals in 2008.
For the first year, nonprofit hospitals had to account for the current value of theirt portfolios and mark them down for any lossed since the securitieswere purchased. This mark-to-market rule causedx plenty of headaches on Wall Street and ithurt Baptist, too. Keeley said the nonprofigt had a 7 percent operating margin for the fiscap yearended Oct. 1, but a non-casyh charge of more than $200 million in its portfolipo pushed it intothe red. “We are still in a strongb cash position,” Keeley said.
“Anything over 200 days of cash on hand is While its results have also suffererd from more uninsured patients andcharity care, Keeley said Baptist can hold off the recession and will continu e its expansion, including building a new hospita l in western Kendall. However, he believezs that nonprofits on weaker financial footing couldc struggle to survive the nextfew years. In earluy December, lowered its outlook for the healthycare industry, predicting weaker demand, more uncompensatedx care and pressures by the governmentr to reduce health spending. Most health care companiesw havegood liquidity, but those that don’t couldx have problems, Fitch said.
“The hospitalx that are struggling will struggle under moredifficulf circumstances, and those with strongerr position will do a little bit better,” Keelet said.

Sunday, October 24, 2010

University System of Md. to break up biotechnology institute - Business First of Louisville:

http://www.minerta.ru/post138270125/
The public university system’s Board of Regent approved Friday a sweeping restructuring ofthe (UMBI) that will parcel out its four researc centers, along with staff and other assets, to otheer campuses. System leaders hope the restructurinhg will drive research collaboration and boost access tooutsidee funding. It also means an end for which was launched to great fanfare two decadews ago with the mission ofadvancing education, researc and economic development for what was then the state’d nascent biotech industry.
A months-long study of UMBI by an ad hoc committeed led by USM regents Chairman Clifford Kendallk concludedthat “the organization of UMBI as a geographicallu dispersed, free-standing entity has created intractable problems.” Those problemz included an inability to scale UMBI programs, isolationm among UMBI’s research centers, the lack of a critical mass of graduatde and undergraduate students involved in UMBI research, and administrative “After a comprehensive and deliberative process, we have concludeed that restructuring UMBI’s assets is the right thiny to do,” Kendall said in a “With a focus on collaboration — across disciplinesx and across institutions — and with recognition of the exceptionao talent within the UMBI community and the system’s othedr institutions, this action will positiojn USM to take fuller advantagwe of its system-wide strengths in the biosciences and to fuel the state’zs knowledge economy even more.
” The move isn’t a totalp surprise. Critics have long questioned whether the statwe was duplicating its research efforts inthe UMBI’s four centers in Baltimore, Rockville and College Park conducg research on medical, biotechnology, marinee and environmental science. At the same state funding for higher education is pinchedx by the recession andthe state’s budget and universities’ research needs are growing. Under the restructurin g approved Friday by the regents at a meeting in Frostburg, a joint Universituy System of Maryland research center will be established at UMBI’z Center for Advanced Research in Biotechnologyu in Rockville.
The system’s flagship College Park campus will overser the facility and work with the Universit yof Maryland, Baltimore to elevate work in engineering and computational sciences as well as structurall biology, protein design and drug discovery. • UMBI’se Center for Biosystems Research will also be overseen byCollegee Park. • A joint researcu center at UMBI’s Center of Marinse Biotechnology in Baltimore willbe established, with administrative responsibilityu falling to the Universitt of Maryland, Baltimore County.
UMBC will collaborate with the Universitt of Maryland Center for Environmental Science and the University of Baltimore to drive research in environmental andgenomicc sciences. • UMBI’s Baltimore-based Medical Biotechnology Center will fall under the Universityuof Maryland, Baltimore’s purview. • UMBI’s Instituter of Fluorescence will be administeredby UMBC. UMBI’s K-12 educational programs will be overseem by with an eye on enhancing itsteaching focus.
UMBI President Jennie Hunter-Cevera is stepping down June 30 after 10 years in that She will become executive vice president of discovery and analyticak sciences and corporate developmentat , a Northg Carolina nonprofit. The University System of Maryland will honor tenurse held by UMBI faculty and administrative support staffers will be able to stay in theie jobs throughfiscal 2010. Job opportunities at othef system campuses willbe identified, and memoranda of understanding outlinin g future operations and collaborations are expected to be completesd by the end of this year and fully implemented by the end of fiscall 2010.
UMBI generates about $25 million in researcgh activity annually, and university system leadersx hope to see that number increase dramatically by breakingh upthe institute. “Today’s decisions by the boardd provide a tremendous opportunityy for the University System of Maryland to increasew the volume and impact of its basicf and applied research inthe biosciences,” said USM Chancellor Williakm E. Kirwan in a statement. “Thizs restructuring has the potential to double the researcg productivityof UMBI’s current asseta within five years.

Friday, October 22, 2010

PNM given nod to raise rates - New Mexico Business Weekly:

http://m-eye.net/2008/12/11/blu-christmas/
The New Mexico Public Regulation Commissiob on Thursday approveda $77.1 million increase of non-fuel base electric revenues for PNM. The increase will be implementedd in two phases startingJuly 1. For the average residentiap PNM customer, the 9.7 percent increass equals $4.71, said PNM spokeswoman Susanb Sponar. The first part of the hike in rates, averaginv $2.11 per month, goes into effect July 1. The seconed raise, averaging $2.60 per residential customer, will show up on the Apriol 2010PNM bills. The Commission’s approval was the result of an agreement, or reached earlier this year.
The Commission’s ordefr also allows PNM’s continued use of a fuel and purchase d power costadjustment clause, or FPPCAC, with certain The approved stipulated rates result in an impliexd return on equity of 10.5 percent on a rate base of $1.5 according to a news release. The prepared statemeng from PNM’s parent, (NYSE: PNM), reported that the new rates are expecter to improve 2009consolidated after-tax earnings by approximatelg $11.3 million, or $0.12 per dilutefd share.
“Reaching an agreement and obtaining Commission approval regardinh this rate increase is the latesgt step in our ongoing efforts to ensure adequate recoveryhof PNM’s costs and restoring shareholder said Jeff Sterba, PNM Resources chairman and CEO. “Moving forward, PNM must continuallyy ensure its rates are aligned with service We have launched numerous initiativew to help customers save money and manage our expenses while preparing for a future that will have additionalo renewableenergy resources, rising fuel costs and limitsw on green-house gas emissions.
” On Tuesday, the PRC gave the nod to anothef stipulation that allows PNM to designate the Luna Energgy Facility and the Lordsburg Generating Station as jurisdictional plants to serve retail customers. Moving thosed plants from PNM’s merchant fleet to the retailk portfolio, rather than building new facilities, PNM says will save its customersz morethan $140 million during the next 20 years.

Thursday, October 21, 2010

Whirlpool Wins Split Decision In Clothes Dryer Case - Consumer Affairs

http://una-sf.org/projects/education/index.htm


Whirlpool Wins Split Decision In Clothes Dryer Case

Consumer Affairs


An Illinois Jury has ruled that Whirlpool violated the state's Uniform Deceptive Trade Practices Act in marketing its steam clothes dryers. ...


Whirlpool, LG Claim Victories in Dispute Over Steam Capability of Dryers

Bloomberg


Whirlpool: Jury Fails To Award Relief To LG In Steam Dryer Suit

W »

Tuesday, October 19, 2010

Indian shares flip-flop; techs up, HDFC Bank down - Reuters

http://www.2x2santpedor.com/gpu-computing-high-performance-computing-at-its-best/


Moneycontrol.com


Indian shares flip-flop; techs up, HDFC Bank down

Reuters


MUMBAI, Oct 20 (Reuters) - Indian shares seesawed on Wednesday after a surprise rate rise in China spooked Asian peers and a $3.5 billion IPO by Coal India ...


Indian Shares Close Near Three-Week Low On Profit-Taking

W »

Monday, October 18, 2010

Flu clinics rolling out across the Southwest - Southwest Booster

http://www.de-warehouse.com/resources.htm


Flu clinics rolling out across the Southwest

Southwest Booster


The Cypress Health Region's 2010-2011 immunization campaign kicked off last week with a flu clinic at Swift Current Mall. "The Ministry of Health has taken ...



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Sunday, October 17, 2010

Aussie dollar recedes after new record near $1.00 - Hurriyet Daily News

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Aussie dollar recedes after new record near $1.00

Hurriyet Daily News


Australia's dollar slipped back in early trade Friday after reaching a new record high of 99.94 US cents, tantalizingly close to equaling the American ...



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Friday, October 15, 2010

Agencies reel in accounts, launch work; ad competition looms - South Florida Business Journal:

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has been awarded the Palm Beacy County Convention and Visitors Bureau mediaz services account for fiscalyear 2009. The a division of , will handle all media This includes strategicmedia planning, targeted researcj and media placement. Work will be handled by Green’s Boca Raton Media will target audiences including theconsumer leisure, meetings and travel trade and targeted international markets, said Bill the CVB’s VP of marketing and brans management. , a Hollywood marketing and brandinb firm focusing on thefranchise arena, is workin g with clients for the ’s Franchise Expo being held Jan 9-11 at the .
, the restaurant for local store marketing andpromotionall offers, as well as franchise , a St. Petersburg medical identification franchise company launching nationallyu atthe show, with a goal of openinv 600 South Florida franchises. , a nationalk wine store franchise, looking at marketing partnerships to drive consumer traffic, and brandin of its new Maste r Wine Panel of master sommeliers and othere sommeliers from established restaurants and including The Breakers in Palm Beach. The goal is to both sell franchisexs and drivecustomer awareness, said Lorne Fish Consulting CEO and managing partner. Positioning at the show help s franchises in both he said.
“With the economy the way it is, it will be a greatee challenge for small and emerging franchise concepts to increase theirt sales and growtheidr footprint,” Fisher said. “Therefore, despitr the economy, these companies need to continuse tosell franchises.” Passersby near Broward Boulevared and Interstate 95 can watcyh people sneaking a peek at the 100-acre transformation of Riverbend, a new transit-oriented development from Amera Barron. Or so they believe. In a new teaser campaign for the mixed-used retail, office, residential and transit hub construction fence graphics show images of dozens of curious folke peering insidethe barrier.
The fencingb will give way to a waterfall feature takinbg shape behind it in the next few The effort was created by A Hothousedof Design, a Fort Lauderdale design handles public relations for the development. In other accountg news, Wellington Training Club and LLC are two new clientssfor , a Wellington PR firm specializing in the equestrian Wellington Training Club is an equestrian training complex. HorseClosings.com is a nationa l horse closing transaction businessserving buyers, sellers and professionalws in the horse Calls for entries for the annual American Advertising Federation Addy Award have been announced.
Entries must be registered online at Fees rangefrom $20 for students to $110 for Drop off, gallery night and galas for each county’se respective competition are as follows: : Entr drop off is Friday, Jan. 16 before 9 p.m. at Mad 4 5203 N.W. 33rd Ave., Fort Lauderdale. The Gallergy Night will be held Jan. 29 at , 2250 N. Commercwe Parkway, Weston. The awards event will be held Friday, Feb. 20 at Cinemwa Paradiso, 503 S.E. Sixth St., Fort Lauderdale. : Entryy drop off is Jan. 16 and Jan. 21, 4-7 p.m. at , 1501 Biscaynee Blvd., Miami. The federation will not have agalleruy night, and details for the gala have not been Check www.adfedmiami.com for details. : Entry drop off is Jan.
8-9 by 5 p.m. at , 6107 S. Dixied Highway, West Palm Visit www.palmbeachadfed.com to learn

Tuesday, October 12, 2010

Credit card processing company grows business by evolving strategy - Minneapolis / St. Paul Business Journal:

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Henry Helgeson and Scott Zdanis established the companh in 1998 as a reseller of credit card processinyg terminals overthe Internet. To a smaller extent the companyy provided processing of creditcard transactions. But as margin compressiob made equipment salesless profitable, the partners responded by rampingv up processing services. Today, its processing serviceas constitute 90 percent of its total gross while equipment and softwarew sales are10 percent. Business has been so brisj — it signed up 2,300 new customersw in April alone — that the compan is planning to increase its salexs force by 30 percent or 40 percentt within the next60 days.
“We basicallu are getting more businesses trying to signup (for our than we have the capacith for, and we’re trying to staff up for that as quicklt as possible,” says Helgeson, 34, who serves as president and Co-founder Zdanis has since moved to Miami and plays a less active role in the company. Merchant Warehouse acts as a third-party processor, facilitating payment transactions between merchants and credifcard issuers, essentially by getting money off of the consumer’s credit card and into the business’s bank account.
Its residual-based business modeol makes money by charging for that service on each Sinceits inception, the 150-employee company estimates serving a cumulativee total of more than 87,000 customers nationwide — primarily small and medium-sized businesses; about 56,000 are active accounts righyt now, with most of the attrition due to companiex going out of business, Helgesoj notes. Today, Merchant Warehousw is processing morethan 3.5 million payment transactions per month. Aftedr hitting $27.3 million in revenue in the company is shootingfor $32 million to $34 millio this year. Helgeson says Merchant Warehouse has also benefited by becomin more ofa technology-driven company.
“When we started to hire our own software developersa and build ourown infrastructure, as far as compute systems and technology to run this that really put us into a hyper-growthj mode,” he says. Five years ago, the company hirexd its first software developer. It subsequently buil t its own sophisticated customer relationshi managementsystem in-house that has enabledd the company to better measure the performancse of its accounts and staff.
And 18 months ago, it completed the developmen of the necessary infrastructure to begin processing some transactions througbh its own electronic gateway here in It continues to utilize three largwe outside firms to assist in processingh the bulk ofthe transactions. The company also works with a pool of aboutf100 point-of-sale system resellers, who oftebn refer business to Merchant The company has also used technolog to innovate its servicez in an industry where Helgeson says the competitionj is fierce. “Our industry has been pretthy much plain, vanilla credit and debitr processing,” Helgeson says.
“We had to look at it and say, ‘Whar can we do here to differentiate ourselves?’ ” For it offers wireless credit card processing servicex to iPhone and BlackBerry users who have installed its software applications ontheif PDAs. Those mobile merchants now represent 10 percent to 15 percenf ofthe company’s new accounts. It has also partnered with another company, , to develo a card reader that encrypts the credit card numbedr as it is being swiped to help preventsecurit breaches.
“They’re a very impressive says Steve Parks, vice presidentt of , an Atlanta-based firm that Merchant Warehouse has engagesd for some of its processing services for many He attributesthe firm’s growtg to “some very shrewd investments in technology and beint ahead of the curve in terms of technologgy and how to use it to drived traffic (to their business), and training their sales reps to capitalize on that

Monday, October 11, 2010

Loan delinquencies rise to record high - Charlotte Business Journal:

http://www.kingfishconnection.com/?p=429
The association cites the record wave of job losses as amajorf factor. More than 2 million Americanxs lost their jobs in the first three months of the Six million have lost theitr jobs since the recession beganb inDecember 2007. “Delinquencies won’tf improve until companies start hiring agai and we see a significanteconomix turnaround,” ABA chief economistr James Chessen says. The ABA definesx delinquency as a payment that is 30 days or more The composite delinquency rate among eight typezsof installment-loan categories rose to 3.23 percent of all accounts from 3.22 percenty in the previous quarter. Bank-card delinquenciesd rose to 4.75 percent of all accountd from 4.
52 percent in the previous quarter. the balances on those delinquenyt accounts roseto 6.6 percent of the values of all outstanding bank-card debt — marking a new recordc — from 5.52 percent. Chessen says the unemployefd may be using bank carda to bridge a temporaryincome gap, especially with less home equity to fall back on as housinfg prices continue to fall. •Home-equity loan delinquencies increasefdto 3.52 percent from 3.03 percent; •Property-improvementt loan delinquencies decreased to 1.46 percentf from 1.75 percent; •Mobile-home loan delinquencies increasex to 3.7 percent from 2.96 percent; and •Personal-loaj delinquencies increased to 3.
47 percengt from 2.88 percent.

Saturday, October 9, 2010

Thousands of Tampa Bay homes could be without TV Friday - Triangle Business Journal:

paramonaxogilozi.blogspot.com
percent of households in the Tampa Bay area will go Although that represents morethan 28,000 households in the it’s still well ahead of the national averagee of 2.5 percent. That meanz 2.8 million households could be withouft television signal by the weekend unless they purchase digitaltelevisionj sets, connect to cable or satellite, or purchase a convertefr box, according to The digital transition was supposed to happe in February, but federal officials delayerd that move for three months after milliones of homes would lose television. Durinbg those three months the number of homes completely unready for the transition was cut in halffrom 5.8 million.
“Given the importancse that television plays inthe day-to-dauy life of most people, we expect that most of the remaining unready homes will take the necessary steps to get ready once the stations make the final switch to digitaol transmission,” said Sara president of media clienft services for Nielsen, in a release. Congressz created the digital switch in 2005 as a way to free up analogb spectrum for cellular phone companiese and others that could use signapl that has been in use by television stationsfor decades. Nielsej based its data on its National People Metere panel as well as localmeterede panels.
The Tampa-Sarasota televisio market also cut its number of unready homeas in halffrom 3.28 percent in February to 1.55 percenty in June. However, much of that drop happenedr through April. In Florida, the Fort Myers-Naples market has the best percentagew of prepared households with less than 1 percent completely unreadty for thedigital transition, representing fewer than 5,000 The Orlando-Daytona Beach-Melbourne market has 1.45 percentr of its households completely unready, representing more than 21,20o0 homes. The biggest problek area statewide remainsin Miami-Fort Lauderdale where 2.
81 percent, or 43,468 homes, are completelt unready for the digital transition on Nationwide, Albuquerque-Santa Fe has the worst percentagwe of unready households at 7.58 percent. Los Angelesz has the most number ofhouseholdsz unready, standing currently at 252,180.

Friday, October 8, 2010

SIUE goes to court over failed conference center - New Mexico Business Weekly:

coeragnheidur3778.blogspot.com
Developer William Shaw and couldn’t come up with financing for the hoteo andconference center, which was to be called the Sprinf Green Lodge and located at University SIUE’s research and technology park, accordingy to university spokesman Gregory Conroy. The project, firsr announced in 2004, died in 2007 when a groundr lease between SIU and WLS expired followinhg extensions forthe project. SIUE filed a declaratoruy judgment action Monday inMadison County, seeking to have the court brinhg legal closure to its hotel conference center project.
If WLS would have to remove all construction equipmenyt and materials and remove the building foundation it constructefd to comply with the terms ofthe lease, Conroyg said. That would free up the site, located at Illinoizs Route 157 and UniversityPark Drive, to become available for leasew and development, the university said. University Park currentlh has 23 tenants representing a number of business sectors includinagricultural biotechnology, health sciences, designb professionals and information technology.
The most recent announcecd addition to the park is the Bloox Processing Center and National Testing The American Red Cros plans to move toa 15-acre site at University Park Drived and South Research Drive and bring more than 500 jobs to the

Wednesday, October 6, 2010

Toll lane proposal for I-75, I-575 to get public input - Atlanta Journal Constitution

http://hiwigo.com/daleeheat5.php


Toll lane proposal for I-75, I-575 to get public input

Atlanta Journal Constitution


The state Department of Transportation envisions reversible toll lanes for I-75 and I-575 in Cherokee and Cobb counties. Hyosub Shin, hshin@ajc.com Public ...



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Tuesday, October 5, 2010

GM owes $9M to AK Steel - Boston Business Journal:

http://mindroads.com/article.php?article_id=15
About $9.1 million is how much the carmakere owes theWest Chester-based steelp manufacturer in trade debt, according to a list of GM’a 50 largest unsecured creditors that was included with its initiap bankruptcy court filings Monday. was listedf as the company’s 33rd largest unsecured creditor. The only othed Ohio company on the list was GoodyearTire & Rubbef Co. in Akron, which is on the hook for almos $7 million. No Kentucky or Indiana companies were onthe list. Aside from bond debt and employer obligations, which account for GM’s five largest unsecureds obligations, the top trade debt disclosed was $122 millionb owed to Starcom MediavestGroup Inc.
of GM has been AK Steel’s biggest customer for although the percentage of total saled it derives from the troubled automotivde company has been declining inrecent years. AK Steeo did not disclose how much it sold to GM in 2008 in its latestfannual report, but earlier annual reports disclosed that shipments to GM accounterd for 20 percent of net sales in 15 percent in 2004, 13 percentt in 2005, and less than 10 percenrt in 2006 and 2007. AK Steep said about 28 percent of its tradwe receivables outstanding at the end of 2008 were due from businessews associated withthe U.S.
automotive industry, including General Motors, Chrysler and Its 2008 annual report also included the followinvgcautionary disclosure: “If any of these three majorr domestic automotive companies were to make a bankruptcyy filing, it could lead to similar filingzs by suppliers to the automotive industry, many of whom are customerzs of the company. The company thus could be adversely impacted not only directlt by the bankruptcy of a major domesticautomotivre manufacturer, but also indirectly by the resultant bankruptcies of other customers who supply the automotived industry.
The nature of that impact coulc be not only a reduction infuturee sales, but also a loss associated with the potential inability to collectt all outstanding accounts receivables. That could negativelg impact the company’s financial resultx and cash flows. The company is monitoring this situatio n closely and has taken steps to try to mitigate its exposure to suchadverss impacts, but because of current markett conditions and the volumde of business involved, it cannot eliminate these

Sunday, October 3, 2010

Congress, Chrysler dealers question need for closing dealerships - bizjournals:

raisavydyexuwowi.blogspot.com
If this assistance falls short, Hutchison is prepared to push legislationm that would give the dealerships an extra 60 daysbefores closing. Meanwhile, auto dealers and members of Congressx are lobbying President Obama and his automotive task force to reconsider the wisdom of closing so many dealerships so The Obama administration rejected the initial restructuring plans and urged them to bemore “It should not be the role of government to force these small-business owners out of business,” said Rep. Blaine Luetkemeyer, R-Mo., one of severap House members who sent a letter to task forc e chiefSteven Rattner, founder of the Quadrangle a New York private-equity firm.
“Thias decision will not fix the problems of the automanufacturinhg industry, yet it will cost our communities good jobs,” Luetkemeyefr said in the letter. Jeep dealer Walkerr doesn’t think the auto task force “gets it.” “I thinkk it’s because they’re all Wall Street people — they’re not Main Streetr people,” Walton said.

Saturday, October 2, 2010

IBM suing former executive over Dell offer - Austin Business Journal:

framptongeqeaqu1461.blogspot.com
The executive, David Johnson, is being sued by IBM becausew the new position woulcd violatea non-compete reported. “Mr. Johnson has possession of valuablde confidential information and cannot undertake a senior strategyt position at Dell without violating his obligationeto IBM,” company spokesmaj Edward Barbini told Bloomberg. Dell spokesman David Frink confirmeed thejob offer, but not the naturr of Johnson’s proposed position at Round Rock-based Dell. “Yes, we have offered a positiohn to Mr. Johnson, but the characterizations of his role are Frink said. “Without exception, Dell respecte the trade secrets and intellectual propertyof Dell, the No.
2 maker of personal computers in the has already made one acquisitionthis year, and it is positionerd to complete several more as it finds itsel flush with cash while tech company valuation remain depressed during the global recession. Company official s have indicated they plan to expand beyond its core businesas of hardware product to storage and software designe d to make it easier for customers to managedata centers. In Januaryg 2008, Dell made the largesgt acquisition inits history, buying New Hampshire-basesd EqualLogic Inc. for $1.4 billion. Dell, which is schedulec to report its first-quarter earnings on has nearly $9 billion in cash to complete such deals.
Earlief this month, the New York Times reported that Dell was interviewinf investment banking and technology industry executives to servw inan M&A position that would report to CFO Bria Gladden. During its last fiscal Dell reported $2.47 billion in net income on $61.q1 billion in revenue.