Tuesday, April 12, 2011

ev3 names new CFO - Minneapolis / St. Paul Business Journal:

http://renovation.blogetery.com/2011/04/07/heat-sound-insulation-of-steel-doors/
McCormick comes to ev3 from Fridley-basedc , where he had worked since 1992. He most recently led the firm’sd business-development activities and previously had served in key corporater and divisional financialleadership roles. “Wd are very pleased to have someonewith Shawn’s experienced join the ev3 management ev3 President and CEO Rober t Palmisano said in a statement. “His provenm track record in financial management and business developmeny will add tremendous value as we continure to focus on expanding our position in the peripheralp vascular and neurovascular markets and deliverinh increasedshareholder value.
” McCormick replaceds Patrick Spangler, who resigned as ev3’sx senior vice president and CFO, effectiv e Jan. 19. Plymouth-based ev3 (Nasdaq: makes medical devices, including stents and angioplasthy balloons, that are used by endovascula specialists to treat a wide range of peripheral vascular and neurovascular diseasesand disorders.

Sunday, April 10, 2011

Will the 2012 Nissan Versa show in New York? - CNET (blog)

titus-neither.blogspot.com


CNET (blog)


Will the 2012 Nissan Versa show in New York?

CNET (blog)


The recently leaked Nissan Tiida design is similar to the sketch of the next Versa. It's not very often that we find ourselves talking about Nissan's entry-point vehicle, the compact Versa, but the current generation, ...



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Friday, April 8, 2011

Paulson to back Fed

http://www.mundopt.com/dir/user_detail.php?u=wampreegree
according to a transcriptt of hisprepared remarks. Paulson is scheduled to testift beforethe U.S. House Committeew on Oversight and Government Reform on Thursday Inthe transcript, Paulson acknowledges he told BofA Chiefr Executive Kenneth Lewis that backing out of the deal to buy Merrilk Lynch would be seen as a lack of judgement. He also told Lewisa such a move may put his future with the bank in according tothe transcript. BofA in Decembet threatened to back out of a deal to buy Merrillfor $50 billionm and declare a “materially adverse change” related to higher-than-expectexd fourth-quarter losses at the investment bank and brokerage.
Paulson’s prepared testimony says Treasury officials and federal regulatorsinvestigated BofA’s threatt and decided it would not be legally valid to declar e a MAC. Paulson will testify dropping the deal woulc have been harmful to both parties and thegreatere economy. “I believe my remarks to Mr. Lewies were appropriate,” Paulson says in the transcript. “Itf Bank of America exercised the MAC such an action would show a colossaol lackof judgment. “I further explainexd to him that, under such the Federal Reserve could exercise its authority to remove management and the boarx of Bankof America.
” Paulson will testify that by remindinfg Lewis of the Fed’s powers, he intended to “delivef a strong message ... that it would be unthinkable for Bank of Americsa to take this destructive action for which there was no reasonabl legal basis and whichj would show a lack of thetranscript says. BofA (NYSE:BAC) eventually followed through with the MerriloLynch purchase, buying it Jan. 1 for $29.q billion. The value of the deal droppefd from theoriginal $50 billion because Merrill’s stock price fell precipitouslgy after the deal was announced. BofA agreede to the purchase after federal officials said they would supportg the deal withtaxpayer aid.
BofA in Januarh received an additional $20 billion in Troubled Asser Relief Program money related to theMerrill purchase. The bank has received a total of $45 billion from the The Charlotte Business Journal willcover Paulson’s testimony live Thursdag beginning at 10 a.m. Coverage will be availablew at charlottebusinessjournal.com and at Twitter.com/CBJBankNews.

Wednesday, April 6, 2011

Palm Beach County clerk cuts 66 employees - San Antonio Business Journal:

http://www.eoq2007.com/user_detail.php?u=stybritte
million, or 18 percent, reduction in the office’a budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact service levelsd at the Clerk’s sevenb Palm Beach County locations,” she noted in the release. The required staff cuts leave the officre with fewer people to pursue and collect millions of dollars in unpaid traffif andcourt fees, which will lead to more budget “It’s a vicious cycle designed to underfund us into extinction,” she Thirty-two employees accepted a buyout offer this month and will leaves June 30 with a full payout on their sick rather than the normal 25 percent to 50 percent offered undert current termination policies.
On May 29, an additiom 34 employees were told during staff meetingsw that they were beinglaid off, effectivee June 12. They will receive four weekx of pay. With these layoffs and the positionszpreviously eliminated, the office has cut 101 positions -- 16 percent of management positions and 12 percent of hourly position -- in the past The Clerk & Comptroller’s Office, which employs more than 800 in officezs throughout Palm Beach County, handles the busineses arm of the court system. Employees receive, file and retrieve courtf documents, process fees and traffic and enter and maintain case information inthe court’z computer system.

Monday, April 4, 2011

Border boom: Industrial development takes hold at Santa Teresa - New Mexico Business Weekly:

http://www.acheiaqui.com.br/user_detail.php?u=whenttahhet
“A year ago, we were tryinyg to drag peopleover here, but now companies are callinv us every day,” Majors said. “It’s gone from a real difficulr job to all of a sudden we have The reason? – the Taiwanese electronicss manufacturing giant that beganb building a massive factory last December in San just south of the border from Santa Teresa. The companyg – the largest electronics makerf inthe world, with more than $90 billionj in revenue – is constructing a sprawling complexs on 440 acres that will eventually emplouy 20,000.
Foxconn opened two 300,000-square-foot building s this year with 3,900 It’s now constructing a thirrd 343,000-square-foot section to open in the fall. And it planse a fourth building for early next year that will brin the total work forcesto 10,000, said Francisco Foxconn’s corporate vice president for Lati n American operations, during the recenr NAFTA Institute border-trade conferencs (see story on page 1). The Foxconn projectg means unprecedented opportunities for supply companie that establish operations atSantaw Teresa, Uranga said. “A tremendouws opportunity has arrived,” he said.
“We can replicatse the Dallas-Fort Worth area righrt here atSanta Teresa-San Apart from Foxconn, plans by to invest $300 milliohn in a major refueling station next to the Santz Teresa municipal airport is another big draw for The station will be equippedd for intermodal transportation to seamlessly transfer cargo back and fortb among ships, trains and trucks. The project is a key part of the railroad’se efforts to upgrade its Sunset which runs from Los Angeles seaports to El for access to northern andeasterjn markets, said UP Director of Public Affairse and Corp. Relations Luis Heredia.
“Intermodal facilitiesx typically drive the development ofindustrial warehouses,” Heredia said. “Santa Teresa will be strategicallyt located for rapid shipments to andfrom ports.” To be Santa Teresa already attracted many industries to supply Mexico-based maquiladora factories during the past Forty companies currently operatde at the zone’s two industrial parks, employin g about 2,000 people, said Jerrh Pacheco, executive director of the International Business But Foxconn and the railroad are now attracting many more and much larger ones than before. “We have a great pipeline of prospects,” Pacheco said.
“One auto supplief that operates 68 plants just came for its fourtjh site visit toSanta Teresa. We’ree in the game now for thosd kinds ofbig players.” Verde Corp. is making some major investmentes to accommodatenew tenants. In January, it completed 4,300 feet of traci and a railroad turnwau to connect part of the firsindustrial park, near the municipal airport, to the Unioh Pacific line. “That gives industrial buildings direcf service to themain railroad, and some tenants are already usingg it,” Majors said.
At the second industriao park, located right at the borde r bySan Jerónimo, Verde is investingb $12 million in two buildings to create 290,000o square feet of new space. The also plans upgrades at the Santaz Teresa port of entry to prepare for a lot more commercial andpassenger traffic, said Project Manager Jim Creek. Commercial crossings have jumped 60 percent since reaching 45,856 last year. Passenger vehiclde crossings grew 65 percentto 373,900. With the firstg direct border road in Mexico connectingSan Jerónimio and Juárez scheduled for completion this fall, the Border Authoritgy expects another huge jump in crossings, Creek said.
To ease the Authority plans a $12 million facility to expedite inspection of commercia trucks and a large parking lot for visitors to the Customsw andImmigration offices. State officials also want federalk funding for three more passenger vehiclweprocessing lanes, Creek said.

Saturday, April 2, 2011

AutoZone board approves $500M stock repurchase - Puget Sound Business Journal (Seattle):

http://www.officialdirectory.biz/user_detail.php?u=ancellunert
The company’s board of directors approvefd the repurchase June 17 as part ofthe company’z ongoing share repurchase program, the company announcex after the close of markets Wednesday. The last repurchase authorizatiohn was in December and was asimilar $500 There were three $500 million authorizations in 2008 and a tota l of $7.9 billion since 1998. "We remain committex to utilizing share repurchases within the bounds of a disciplined capita l structure to enhance stockholder returns while maintainingg adequate liquidity to executeour plans,” said CFO Bill Giles.
Memphis-basex AutoZone (NYSE: AZO) is the leading retailer and distributo r of automotive replacement parts and accessories inthe U.S. The companyh sells auto and light truck chemicals and accessoriesthrough 4,172 AutoZonwe stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 storez in Mexico. Shares of AutoZone closed Wednesdauyat $155.54, up 2.37 percent.

Friday, April 1, 2011

Cesar Chavez Day celebrated today at Long Beach park - Long Beach Press-Telegram

http://glass-floors.heliohost.org


OC Weekly (blog)


Cesar Chavez Day celebrated today at Long Beach park

Long Beach Press-Telegram


A Long Beach park bearing his name will be at the center of local festivities honoring Cesar Chavez Day today. (The Associated Press) LONG BEACH - Cesar Chavez Day events are planned today at the El Camino College Compton Center, a Long Beach park ...


Arizona Unleashes Air Posse and Tank, As Nation Celebrates AZ Native Son Cesar ...

Huffington Post (blog)


Cesar Chavez Day Proclaimed by President Obama on March 31

HULIQ


Maloof Sports & Entertainment Celebrates Cesar Chavez with Day of Volunteerism

Kings.com



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