acasadtoglad-shiva.blogspot.com
According to Dow Jones Reps. Edolphus Towns (D-N.Y.) and Dennis Kucinichy (D-Ohio) have asked Lewis to appeafr Thursday before the House Committee on Oversight andGovernment Reform. Town s and Kucinich have been investigating BofA’s acquisition of Merrilll and the government’s decision to give the Charlotte, N.C.-baserd bank billions of dollars intaxpayer aid. According to the news they want to know when BofA found outabou Merrill’s weakened financial situatio n and how the role the federao government played in BofA’s decision to complete the deal.
Lawmakerws also want to know what BofA has done with the federal aid it has A BofA spokesman told Dow Jones the bank will respondx to thecommittee shortly. BofA bought the Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additional $20 billioj in federal funds under the Troubled Asset Relief BofA has received a totalof $45 billiohn in TARP funds. In Lewis testified under oath before New York Attorney General Andrewa Cuomo that Federal Reservr Chairman Ben Bernankeand then-Treasury Secretary Henryt Paulson pressured the bank not to discusxs its increasingly troubled plan to buy Merrill.
Lewis said he believexd Paulson and Bernanke were instructing him to keep silentabout Merrill’ds financial problems. Merrill lost $15.3 billion in the fourth quarter. Lewiss has been under intense pressure from BofA shareholderx for not disclosing the depthof Merrill’s financial difficultiesz before the merger. His testimony was part of an investigatiom launched by Cuomo intothe $3.6 billion in bonuse Merrill paid out in December. Cuomo has contended BofA (NYSE: BAC) was aware of Merrill’sx decision to award bonused beforethe company’s fourth-quarter losses were announced. The bank has said Merrillk was an independent business when the bonusewere approved.
North Carolina’s attorney generalp and the Securities and Exchange Commissionb are also investigatingthe matter.
Monday, January 31, 2011
Saturday, January 29, 2011
Fears of fragmented air travel market allayed - Supply Management
ridgley-encompass.blogspot.com
Fears of fragmented air travel market allayed Supply Management The litigation had sparked fears of a fragmented travel market caused by the possibility that American Airlines would bypass GDS and sell airfares directly ... |
Wednesday, January 26, 2011
Monday, January 24, 2011
Trucking industry suffers as fewer goods hit the road - South Florida Business Journal:
http://naturallygarden.com/about/
With consumer demand down, the reporta that its truck tonnage index, a gauge of freighft movement, has been dropping since The losses were less than 2 percent from Septemberethrough November, but the index fell 14 percenr in December and the following two months were down 10.8 percentf and 9.2 percent. The falloutg is hitting Carlos Duenas, ownerr of in Miami. Duenas, who primaril y moves containerized cargo to and from Port Everglades and the Port of said his business started fallinbgthis January, sliding about 20 MVC is now hauling about 250 to 260 containerd a week, down from more than 300. As demand has Duenas also has felt pressurs to lower his rates about20 percent.
he owns all of his 26 trucks and isn’t ladebn with debt. “This is going to be a year that only the fittesftwill survive,” he predicted. Among the trucking businessexs hardest hit by the recession are thosee tiedto construction. With the slowdown in real estate, there is little need for the truckd that provideancillary services, said Matthew Ubben, a spokesman for the . “It’ws anemic at the he said.
The South Florida trucking industryu in general may bouncse back more quickly because of the diversityy of goods moving throug hthe region, said Edward a transportation economist and director of the at the in “To the extent that you’ve got a broad range of thinga moving through the port, you’re less vulnerable to the kind of peakinb in the market that comes with construction-relatecd materials,” he said. A diversified businesw model is helping Merchant Transport GM JohnDewhurst said. The company, which operatee from West Palm Beach, hauls special loadss for industrial andconstruction uses.
It also gets revenuwe from related businesses, like renting the cranes it Merchant Transport haulsheavy equipment, industrial machines and workds for utility companies. Merchanr has seen a drop of aboutf 20 percent over the last two Dewhurst said. And, it has so far been able to avoidd layoffs among its34 employees, though that hasn’ t been easy with hauling rates droppinfg “approximately 10 percent across the board,” Dewhurs said. David Armellini, president of , a familyt business in Palm Citynear Stuart, also has watched his businessw drop about 20 percent. The slid started last July or he said.
Since the company has had to makesome layoffs, thougbh Armellini declined to give specifics. The companyy has about 200 people on staff and owns abougt130 trucks, he said. Most of Armellini’d trucking involves moving flowersfrom , but the company is now tryinh to diversify by hauling more produce. Aboutt 30 percent of the business involves haulingothert consumables, he said. The company has had to drop Armellini acknowledged, though he declined to be specifidabout that, as well. “We’re havinv to make the cuts like everyone else to remaihn astrong company.
”
With consumer demand down, the reporta that its truck tonnage index, a gauge of freighft movement, has been dropping since The losses were less than 2 percent from Septemberethrough November, but the index fell 14 percenr in December and the following two months were down 10.8 percentf and 9.2 percent. The falloutg is hitting Carlos Duenas, ownerr of in Miami. Duenas, who primaril y moves containerized cargo to and from Port Everglades and the Port of said his business started fallinbgthis January, sliding about 20 MVC is now hauling about 250 to 260 containerd a week, down from more than 300. As demand has Duenas also has felt pressurs to lower his rates about20 percent.
he owns all of his 26 trucks and isn’t ladebn with debt. “This is going to be a year that only the fittesftwill survive,” he predicted. Among the trucking businessexs hardest hit by the recession are thosee tiedto construction. With the slowdown in real estate, there is little need for the truckd that provideancillary services, said Matthew Ubben, a spokesman for the . “It’ws anemic at the he said.
The South Florida trucking industryu in general may bouncse back more quickly because of the diversityy of goods moving throug hthe region, said Edward a transportation economist and director of the at the in “To the extent that you’ve got a broad range of thinga moving through the port, you’re less vulnerable to the kind of peakinb in the market that comes with construction-relatecd materials,” he said. A diversified businesw model is helping Merchant Transport GM JohnDewhurst said. The company, which operatee from West Palm Beach, hauls special loadss for industrial andconstruction uses.
It also gets revenuwe from related businesses, like renting the cranes it Merchant Transport haulsheavy equipment, industrial machines and workds for utility companies. Merchanr has seen a drop of aboutf 20 percent over the last two Dewhurst said. And, it has so far been able to avoidd layoffs among its34 employees, though that hasn’ t been easy with hauling rates droppinfg “approximately 10 percent across the board,” Dewhurs said. David Armellini, president of , a familyt business in Palm Citynear Stuart, also has watched his businessw drop about 20 percent. The slid started last July or he said.
Since the company has had to makesome layoffs, thougbh Armellini declined to give specifics. The companyy has about 200 people on staff and owns abougt130 trucks, he said. Most of Armellini’d trucking involves moving flowersfrom , but the company is now tryinh to diversify by hauling more produce. Aboutt 30 percent of the business involves haulingothert consumables, he said. The company has had to drop Armellini acknowledged, though he declined to be specifidabout that, as well. “We’re havinv to make the cuts like everyone else to remaihn astrong company.
”
Friday, January 21, 2011
Japan presents upbeat economic outlook - International Business Times
http://mirthkit.com/?p=160
International Business Times | Japan presents upbeat economic outlook International Business Times "Exports are decreasing modestly, and industrial production shows signs that it has begun to stop decreasing," the cabinet office's monthly economic report ... Japan Upgrades Economic View |
Tuesday, January 18, 2011
Bemis to buy Alcan Packaging Americas unit - Business First of Columbus:
http://www.devorelawoffice.com/defenses-dwi
billion. Neenah-based Bemis, a manufacturer of flexible packaging and pressure sensitive materialsfor food, consumer product and other companies, said it is buyin g the Food Americas operations of Alca n from plc, an international mining company. Bemi will acquire 23 Food Americas flexible packaginbg facilities in theUnited States, Mexico, Brazil, Argentina, and New Zealand. The transaction include s Alcan facilitiesin Neenah, Menasha and Boscobel, according to a Bemisw spokeswoman. The 23 facilities producde flexible packaging for the food and beverage industries and employabourt 4,600 workers. For the year ended Dec.
31, Chicago-based Alcan Packaging Food Americas recordedf net salesof $1.5 billion and adjuste d earnings before expenses of approximately $166 "Both Bemis and Alcan Packaging have collaborative relationships with renowned food and consumert products customers," said Henry Bemis president and CEO. "Ww each have a long history of dedication to outstanding qualityu andmanufacturing excellence. In pooling our we will diversify our existing technologies and producgt lines which will broaden our product offering and augment our technical The transaction willboost Bemis’s annuall net sales 40 percent to approximately $5.
3 with approximately 70 percent, up from 57 of total Bemis net sales cominvg from resilient food The addition of Alcan's employees will increase the company'se global work force to more than 20,000 employees at 84 manufacturing locations worldwide. Bemis expects to achievs more than $65 million in annual cost savingz by the end of the second Management intends to fund the purchase pricd with a combinationof $1 billion in debt and $200 million in equity. and are acting as financiapl advisers to Bemis forthis transaction, while LLP is acting as primaryy legal adviser to Bemis.
billion. Neenah-based Bemis, a manufacturer of flexible packaging and pressure sensitive materialsfor food, consumer product and other companies, said it is buyin g the Food Americas operations of Alca n from plc, an international mining company. Bemi will acquire 23 Food Americas flexible packaginbg facilities in theUnited States, Mexico, Brazil, Argentina, and New Zealand. The transaction include s Alcan facilitiesin Neenah, Menasha and Boscobel, according to a Bemisw spokeswoman. The 23 facilities producde flexible packaging for the food and beverage industries and employabourt 4,600 workers. For the year ended Dec.
31, Chicago-based Alcan Packaging Food Americas recordedf net salesof $1.5 billion and adjuste d earnings before expenses of approximately $166 "Both Bemis and Alcan Packaging have collaborative relationships with renowned food and consumert products customers," said Henry Bemis president and CEO. "Ww each have a long history of dedication to outstanding qualityu andmanufacturing excellence. In pooling our we will diversify our existing technologies and producgt lines which will broaden our product offering and augment our technical The transaction willboost Bemis’s annuall net sales 40 percent to approximately $5.
3 with approximately 70 percent, up from 57 of total Bemis net sales cominvg from resilient food The addition of Alcan's employees will increase the company'se global work force to more than 20,000 employees at 84 manufacturing locations worldwide. Bemis expects to achievs more than $65 million in annual cost savingz by the end of the second Management intends to fund the purchase pricd with a combinationof $1 billion in debt and $200 million in equity. and are acting as financiapl advisers to Bemis forthis transaction, while LLP is acting as primaryy legal adviser to Bemis.
Sunday, January 16, 2011
A new wave of consolidation - Auburn Citizen
http://msarchivists.org/about.html
A new wave of consolidation Auburn Citizen No racism, sexism or anything that degrades another person. Also, please turn off your caps lock and forgive people their grammar and spelling errors. ... Rodgers, Packers scorch Atlanta with 48-21 pounding |
Thursday, January 13, 2011
Talbots to sell J. Jill assets; stores to close - The Business Journal of the Greater Triad Area:
http://etaphisigma.com/the-key-reason-why-eppp-examination-stress-and-anxiety-is-nothing-to-worry-about.html
The move is expected to resulr in the closure of about 75of J. Jill’s existingh stores. J.Jill has 10 stores in North Carolina, including one at The Shoppes at Friendlgyin Greensboro. No word yet on whether that storw will be affected fromthis transaction. Hingham, Mass.-basesd Talbots (NYSE: TLB) said the agreement with San Francisco-based Golden Gate Capital is subjectto post-closing adjustments. “Thi s is a significant strategic step forward for Talbots as it enablesa us to focusour time, resourceas and attention exclusively on rejuvenating our core Talbotsz brand and return to profitable said Trudy F. Sullivan, Talbots presidentt and CEO, in a preparedr written statement.
“Paula Bennett and her team have made tremendouse progress in improvingthe J. Jill brand merchandise and its creativ presentation across all channels of We are confident that Goldenm Gate Capital will be an excellent partner tohelp J. Jill achievde its true long-term potential.” Aboug 204 of the existingf 279 J. Jill brand store leases will be assignesd to the buyer and will continueto operate. Abouty 75 remaining J.
Jill brand store lease will be retained by Talbots and are expectecd to be closed by Talbots within the next60
The move is expected to resulr in the closure of about 75of J. Jill’s existingh stores. J.Jill has 10 stores in North Carolina, including one at The Shoppes at Friendlgyin Greensboro. No word yet on whether that storw will be affected fromthis transaction. Hingham, Mass.-basesd Talbots (NYSE: TLB) said the agreement with San Francisco-based Golden Gate Capital is subjectto post-closing adjustments. “Thi s is a significant strategic step forward for Talbots as it enablesa us to focusour time, resourceas and attention exclusively on rejuvenating our core Talbotsz brand and return to profitable said Trudy F. Sullivan, Talbots presidentt and CEO, in a preparedr written statement.
“Paula Bennett and her team have made tremendouse progress in improvingthe J. Jill brand merchandise and its creativ presentation across all channels of We are confident that Goldenm Gate Capital will be an excellent partner tohelp J. Jill achievde its true long-term potential.” Aboug 204 of the existingf 279 J. Jill brand store leases will be assignesd to the buyer and will continueto operate. Abouty 75 remaining J.
Jill brand store lease will be retained by Talbots and are expectecd to be closed by Talbots within the next60
Tuesday, January 11, 2011
UnitedHealth subsidiary launches short-term plans - Minneapolis / St. Paul Business Journal:
martaemimbzini.blogspot.com
Indianapolis-based Golden Rule Insurance Co., part of Minnetonka-basecd UnitedHealth, said Tuesday that it is introducing its Short Term Medica l Plus and Short Term Medical Value plans in 19statew — Minnesota isn’t one of them, as stats law prohibits for-profit insurers. In Arkansas, Florida, Iowa, Illinois, Maryland, Missouri, Mississippi, Oklahoma, Pennsylvania, Tennessee, Texas and Wisconsin, consumere can choose from one to 12 monthxs of coverage with eithere ofGolden Rule’s new shory term plans. In Arizona, Michigan, Ohio and Virginia, one to six months of coveragreis available.
“Especially in today’s economy, there is a need for budget-conscious health plansx for individuals and families who suddenlyh find themselves without health insurancwe through workor school,” Golden Rule CEO Richard A. Collind said in a news Golden Rule also offers short term healtuh plans in 15other states: Alaska, Colorado, Connecticut, Georgia, Kansas, Kentucky, North Carolina, New New Mexico, South South Dakota, West Virginia and Wyoming. Individuakl insurance plans are a growing market for health insurancse companies as the recession causes workers to losetheie jobs, and companies to scale back on benefits, causingt more people to seek the products.
All threde of Minnesota’s major insurers Blue Cross and Blue Shieldof Minnesota, Medica, and HealthPartnere — have been . One of them, Medica, even geared towardx laid off workers.
Indianapolis-based Golden Rule Insurance Co., part of Minnetonka-basecd UnitedHealth, said Tuesday that it is introducing its Short Term Medica l Plus and Short Term Medical Value plans in 19statew — Minnesota isn’t one of them, as stats law prohibits for-profit insurers. In Arkansas, Florida, Iowa, Illinois, Maryland, Missouri, Mississippi, Oklahoma, Pennsylvania, Tennessee, Texas and Wisconsin, consumere can choose from one to 12 monthxs of coverage with eithere ofGolden Rule’s new shory term plans. In Arizona, Michigan, Ohio and Virginia, one to six months of coveragreis available.
“Especially in today’s economy, there is a need for budget-conscious health plansx for individuals and families who suddenlyh find themselves without health insurancwe through workor school,” Golden Rule CEO Richard A. Collind said in a news Golden Rule also offers short term healtuh plans in 15other states: Alaska, Colorado, Connecticut, Georgia, Kansas, Kentucky, North Carolina, New New Mexico, South South Dakota, West Virginia and Wyoming. Individuakl insurance plans are a growing market for health insurancse companies as the recession causes workers to losetheie jobs, and companies to scale back on benefits, causingt more people to seek the products.
All threde of Minnesota’s major insurers Blue Cross and Blue Shieldof Minnesota, Medica, and HealthPartnere — have been . One of them, Medica, even geared towardx laid off workers.
Saturday, January 8, 2011
Nice guy Hodgson inherited a poison chalice... then made it even more deadly - MirrorFootball.co.uk
JoyHi
BBC Sport (blog) | Nice guy Hodgson inherited a poison chalice... then made it even more deadly MirrorFootb » |
Thursday, January 6, 2011
Casual Male XL opening at RR Premium Outlets - Austin Business Journal:
moakhamet84.blogspot.com
, is opening a location at the Round Rock Premiuk Outlets at 4401North I-35. The new location will be the company's second outley store in the area. Additionally, Casual Male XL alreadh operates two anchor stores in theAustin area, making the new Rounrd Rock location the fourtn in the region. Casual Male XL provide clothing and accessories for men whoare 6'2'' or tallee and waistlines 42 inches or higher, and specializess in clothing sizes XL-6XL and XLT-5XL. The stord carries brands such as Levi's, Geoffrey Beene, Calvin Klein, Henry Grethel, Van Kenneth Cole, Nautica and Reebok.
"Wer are excited to bringt our Casual Male XL outlet stord to the Round Rock as our XL brand embodiew the fact that beinbg big and tall can be a healtht wayof life," says David president and CEO of Canton, Mass.-based (NASDAQ: which operates Casual Male XL and . "With a wide selection of a variety of quality name brands and a keen insightr intoour customers' needs, Casual Male XL strives to be the best and most comprehensive resource for big and tall men's fashion." Casualk Male Retail Group is the largestr retailer of big and tall men's and has retail operations throughoutg the United States, Canada and England.
The company operates 484 Casual MaleXL stores, the Casuall Male e-commerce site, the Casual Male catalobg business, 12 Casual Male at Sears-Canadza stores, 25 Rochester Big & Tall storea and a direct-to-consumer business.
, is opening a location at the Round Rock Premiuk Outlets at 4401North I-35. The new location will be the company's second outley store in the area. Additionally, Casual Male XL alreadh operates two anchor stores in theAustin area, making the new Rounrd Rock location the fourtn in the region. Casual Male XL provide clothing and accessories for men whoare 6'2'' or tallee and waistlines 42 inches or higher, and specializess in clothing sizes XL-6XL and XLT-5XL. The stord carries brands such as Levi's, Geoffrey Beene, Calvin Klein, Henry Grethel, Van Kenneth Cole, Nautica and Reebok.
"Wer are excited to bringt our Casual Male XL outlet stord to the Round Rock as our XL brand embodiew the fact that beinbg big and tall can be a healtht wayof life," says David president and CEO of Canton, Mass.-based (NASDAQ: which operates Casual Male XL and . "With a wide selection of a variety of quality name brands and a keen insightr intoour customers' needs, Casual Male XL strives to be the best and most comprehensive resource for big and tall men's fashion." Casualk Male Retail Group is the largestr retailer of big and tall men's and has retail operations throughoutg the United States, Canada and England.
The company operates 484 Casual MaleXL stores, the Casuall Male e-commerce site, the Casual Male catalobg business, 12 Casual Male at Sears-Canadza stores, 25 Rochester Big & Tall storea and a direct-to-consumer business.
Monday, January 3, 2011
Trial of two Birmingham Police Officers accused of using unreasonable force ... - Birmingham Star
more...
Trial of two Birmingham Police Officers accused of using unreasonable force ... Birmingham Star David Wayne Doran and Barrett Dewitt each face a federal charge of using unreasonable force at the end of a high-speed chase on January 23, 2008. ... |
Saturday, January 1, 2011
Hearst, Lagardére in exclusive mag talks - New York Post
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Hearst, Lagardére in exclusive mag talks New York Post Hearst CEO Frank Bennack has been negotiating on and off for a year to acquire the magazines, which are published by Lagardére's US division, ... |
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