Friday, June 29, 2012

Lawsuit: Prime Tanning spread cancer-causing agent in Missouri - Kansas City Business Journal:

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William Kemper, whose wife, Karen, died from complicationds from a brain tumorin 2008, and Janey Lasher, a Gallatin resident recently diagnoser with lung cancer, filed suit in Clinton Countuy Circuit Court. The lawsuiyt alleges that Maine-based Prime Tanning, which is owner by , spread hexavalent chromium, whicgh causes cancer, across Missouri farmws from the company’s St. Joseph operation. Hexavalent chromiuk was used at the plant to remove hair from leatherd hides during thetanning process. The byproducy from that process then allegedlh was spread across farms througha spreader, much like according to the lawsuit. National Beef Leatherw acquired the Prime Tanning propertyin St.
Josepjh on March 9. “Our due diligence did not indicate any irregularities with the applicatiojn of sludge as the company’s statement “We take these allegations very seriously. As National Beef is conducting a revie w of thismatter and, in an abundance of caution, we have suspendesd land application of sludge pending the outcome of our The lawsuit contains two charges againsr Prime Tanning and National Beef one count of negligence and one coun t of strict liability — but does not seek a specified dollare amount. Attorneys from Kansas City-based are the plaintiffs’ locap counsel.

Thursday, June 28, 2012

Want affordable OLED TVs? Don't hold your breath, Panasonic says - CNET

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Digit


Want affordable OLED TVs? Don't hold your breath, Panasonic says

CNET


Company President Kazuhiro Tsuga told reporters in Tokyo today, according to Reuters, which was in attendance, that he does not believe OLED pricing will match LCD televisions "for a considerable time." According to Reuters, he didn't provide a road ...


Panas onic: OLED TV price won't f »

Wednesday, June 27, 2012

Text your say: Golkar up, Dems down - Jakarta Post

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Jakarta Post


Text your say: Golkar up, Dems down

Jakarta Post


Political rivalry: A vendor passes political party flags near the Karet Tengsin flyover in Central Jakarta. The latest report from the Indonesian Survey Circle says ...



Monday, June 25, 2012

Data center fabrics catching on, slowly - Computerworld

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Computerworld


Data center fabrics catching on, slowly

Computerworld


Early adopters say the expense and time spent to revamp a data center's switching gear are well worth it; benefits include killer bandwidth and more flexibility.


Data centre fabrics catching on slowly

ITWorld Canada



 »

Sunday, June 24, 2012

Advocate: Sandusky case forced talk about child sexual abuse - NECN

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Citizens Voice


Advocate: Sandusky case forced talk about child sexual abuse

NECN


Tom King, executive director of the Massachusetts Children's  »

Friday, June 22, 2012

Henry Paulson to testify on Bank of America-Merrill Lynch deal - Triangle Business Journal:

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media outlets report. The committee is investigating thefederapl government’s role in BofA’s deal for the troubled brokeragd early this year. Last week, Federal Reserve Chairma Ben Bernanke told the House Committee on Oversight and Government Reformhe didn’t pressurwe BofA Chief Executive Kenneth Lewis into buyinv Merrill. In addition, he says the Fed “acted with highest on the BofA-Merrill deal. Charlotte-based BofA (NYSE:BAC) bought Merrilol on Jan. 1 for $29.1 The purchase resulted in BofA’s receiving an additional $20 billion in federak funds under the Troubled AsserRelief Program.
BofA has receivefd a total of $45 billion in TARP Three weeks ago, Lewis testified to the same committee. He told lawmakerds he considered backing out of the deal in Decembetr but felt pressure from Bernank eand then-Treasury Secretary Paulson to move forware for the benefit of both companies and the economy. Durinhg that hearing, documents from Fed officials indicated Lewis may have been threatene d with losing his job if he backed out and then needer morefederal aid. Bernanke on Thursdayh testified he neverthreatened Lewis. Instead, he said he explained to Lewise that damage from backing out of the Merrill deal couled wreak on theeconomy and, in BofA.
“I never said I’d replace the boarc and management” at BofA, Bernanke said. “It was always his (Lewis’) decision to and he understood that.” Lewiw has been under intense pressur from BofA shareholders for not disclosing the depthof Merrill’s financialo difficulties before the merger. Merrill lost $15.3 billiomn in the fourth quarter.

Thursday, June 21, 2012

C.C. Myers clan branches out with new consulting venture - Sacramento Business Journal:

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Co-owners Janelle and Clinrt Myers are now working onthe company’sa first projects since formally launchinvg in September 2008. The companty is acting as an environmental consultant tothe $324 million Lincoln highway bypass project and it has contractse with the Nevada Irrigation District in Grass The self-funded, woman-owned Sacramento businessa is focused mainly on publixc works jobs. In addition to projectt managementand consulting, MCS provides storm water management and engineering services.
MCS executivse vice president Clint Myers said what sets MCS apar t from traditional consulting companies isthe principals’ experiencd in the construction Not a lot of consultante have such an expertise, he said. “We’re hoping that we can fill that he added. MCS has $100,000 in backlog The company expects to be profitable in the first quartedrof 2010. Myers said MCS can help companies that once framedshouses — work that has driecd up in the region and across the country — explorr other opportunities, such as public contracts. The stater wants to build more highwahrest areas, for example, he said.
Janelle experience in the industry dates back to 1990 when she helpef starta woman-owned highway construction company focusedd on building barrier rails in Nevada and New Mexico. She was on the board of directore until the company was sold toRancho Cordova-bases , her husband’s firm, in 2006. Clinyt Myers worked as an engineer and projec t managerfor C.C. Myerss before going back to school fora master’ s degree in real estate development at the . Aftefr receiving his master’s, the youngerf Myers ran Today, C.C. Myers’ homebuilding companiesa — Myers Homes Inc.
, Myers Homes of Californiqa LLC (licensed in and several subsidiaries — are estimated to be worthy nothing due to the depressedxhousing market. C.C. Myers Inc., majority owner by its employees, is a creditorf in the Chapter 7 personal bankruptcy filedby C.C. Myerse last year. In these toughu economic times, Clint Myers said MCS planxs to help companies and government agencies find creativee ways to remove from theirbudgets and, on the environmental come up with “solutions that are more economicallhy friendly while still preserving the quality habitat that Californisa has come to expect.
” When the economgy was strong, a developer lookingt to get a project approvefd might, for example, buy expensiver mitigation credits to destroy a wetland on a projecf site in order to spee d it up. But Myers said MCS couls help such a developer find a less expensive such as keeping the wetlaned and working with the city to increase thelot density. MCS will compets for environmental consulting jobs with companies suchas , a Sacramento-basee subsidiary of The company declined to comment on the new MCS’ Web site went live last week, and it has Faceboook and LinkedIn profiles, Clinr Myers said.
“The people you have to appeapl to for construction contracts are getting younger and he said. “We’re trying to find different ways to connectf tothose people.” For now, the company has two and a wildlife biologist on contract. MCS planws to hire a business development manager for marketing andpreparint proposals. When it comes to business consulting, MCS will tap peopls who are retiredor semi-retired from the field.
“Witbh the family being in the construction industru forso long, there are a variety of peoplw that we’ve known over the yearsx who are now retired who are lookinv for something to do,” Clint Myers “Our experience, combined with people we’rse able to bring in, can give us the abilityy to do some fairlg high-end consulting for businesses wanting to grow or Consultants also can assist companies transitioning from one generatio n to the next.

Wednesday, June 20, 2012

CNBC: Auto bailout could come Wednesday - Triangle Business Journal:

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Funds for a roughly $15 billiomn bailout would likely come fromthe government’s Trouble d Assets Relief Program, a $700 billion bailou that was originally meant for banks. Lawmakers includinh House Speaker Nancy Pelosii andDemocratic Sen. Carl Levin of Michiga n have said they expect auto bailouf funds to come fromthe TARP, CNBC said Using bank bailout money for the Big Threre U.S. automakers – , and – is Plan B for the federalo government. Plan A, a separate program of loans to the car was rejected in the Senate last week despites being backed by the White House andcongressional Democrats.
That White House-backee plan had included provisions meant to ensurwe that the automakers reorganize their operationsa to becomemore sustainable. According to CNBC says, any use of TARP monet for car makers also woulxd come withstringent provisions. Officialsa at General Motors have said the company mighyt need to file for Chapter 11 reorganization by the end of the year withoufgovernment assistance, and Chrysler officials say the company coule travel the same route in earlyg 2009. Ford has said that it can survive withoutf thebridge loans. But company officials worry that if GM and Chryslee are forced to seek Chapter11 protection, it coule put a strain on shared partw suppliers.
According to the Economic Policg Institute, North Carolina if General Motordsshut down.

Monday, June 18, 2012

BATS Exchange remains third-largest equities market - Boston Business Journal:

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In a Wednesday release, Lenexa-basedx said BATS Exchange remains in third place based on rankingsz of global equity markef operators fromthe , behind the and the . BATS Exchange matchede 1.024 billion shares a day in June, down from an averags of 1.151 billion in May. BATS Europe set one-month market share records in June for the FTSE100 (5 CAC 40 (6.19 DAX (4.15 percent), AEX (4.25 and for all of Europe (3.32 percent), BATS Global Marketsz said in the However, the company has faced closed competition of late from rapidly growiny peer LLC, based in Jerse y City, N.J. It ranked third in the Unitef Statesin May, executing 12.55 percent of In June, it remained aheasd of BATS, executing 11.
89 percent of U.S. equitiee trades. BATS Exchange in the Unitefd Stateson Nov. 6. BATS Globa l Markets also has offices in New Yorkand London. The BATS platformn was launched inJanuary 2006.

Sunday, June 17, 2012

RF Micro says factory activity up - The Business Journal of the Greater Triad Area:

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RF Micro makes chips for cell phonea and other wireless devices and has been reducing expensexs and its employee headcount as the recessiob has weakenedglobal demand. About 600 jobs have been lost at the compan y in the Triad over the past bringing its local employee count toaround 1,400. The note to analystws did not say any of thos e jobs would becomingf back, but it did say that “order activithy improved as the quarter progressed and, as a factory utilization rates at quarter-ens were at significantly higher levels than when the quarter The company expects its factoriees to get back to around their averaged use rates during the current quarter “due to improvinv demand,” but also because the company has reduced its overallk production capacity.
The company will report detailec quarterly financial information on April 28.

Friday, June 15, 2012

DRPA pursuing design work for Franklin Square Station - Philadelphia Business Journal:

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The Commissioners approved hiring a professional desigbn consultant for a cost of upto $500,0090 to begin the work. The subwah station, which sits at the foot of the BenjaminhFranklin Bridge, opened in 1936 but was closedr in 1979 because of low patronage. A statioh could now prove viable because of economic and demographicv changes nearFranklin Square, at 6th and Race streets, whichg now attracts 750,000 visitors annually, DRPA Chairman John Estet said. “PATCO riders could use Franklim Square to visit the National Constitution Cente and the African American Museujm as well as theplanned President’s House and National Museum of Jewish American History.
In further enhancements and amenitiess are being added within the park to make Franklin Square a destinationin itself,” Estey Design work is expected to be completed by the end of the year and then a decisiohn will be made how to DRPA CEO and PATCO President John J. Matheussen

Thursday, June 14, 2012

Germany bans Salafist organization amid raids - Houston Chronicle

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euronews


Germany bans Salafist organization amid raids

Houston Chronicle


German authorities are conducting raids on properties linked to an ultraconservative Islamic organization after the interior minister banned the group. Interior ...


Germany Targets Radical Islamist Groups in Nationwide Raids

BusinessWeek< /nobr>



 »

Tuesday, June 12, 2012

GM has undisclosed buyer for Hummer - Dayton Business Journal:

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The announcement comes one day afterGM (NYSE: GM) file d for bankrtupcy protection with plans to become a leanee company. Hummer is GM’s premium off-road brand. The automakerd said it has a memorandum of understanding and that the sale is expectefd to close by the end of thirdx quarter ofthis year. Under terms of the the identity of the purchaser and proposed financial term s of the agreement are not beingy released at this The deal is expected to secure morethan 3,000 U.S. jobs in engineering and at Hummer dealerships aroundthe country.
The companyu said the proposed transaction calls for the new Hummere owner to continue to contract vehiclee manufacturing and business services from GM during a defined transitional time period. For example, under the proposed agreement, GM’s Shreveport, La., assembly plant wouldx continue to assemble the H3 and H3T throughb atleast 2010.

Monday, June 11, 2012

Vincenzo Di Pierri appointed as the new CEO of Valartis Bank AG, Switzerland - Reuters

eragywaqer.wordpress.com


Vincenzo Di Pierri appointed as the new CEO of Valartis Bank AG, Switzerland

Reuters


Valartis Group AG / Vincenzo Di Pierri appointed as the new CEO of Valartis Bank AG, Switzerland . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. The Board of Directors today ...



and more »

Sunday, June 10, 2012

Spirit of Daytona Gets Second Rolex Win at Mid-Ohio Emco Gears Classic - The Epoch Times

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The Epoch Times


Spirit of Daytona Gets Second Rolex Win at Mid-Ohio Emco Gears Classic

The Epoch Times


(Chris Jasurek/The Epoch Times) Richard Westbrook and Michael Valiante got the #90 Spirit of Daytona Coyote Corvette to the checkered flag first in the Emco Gears Classic, the team's second win of the 2012 Grand Am Rolex season.



and more »

Friday, June 8, 2012

Survey: HR optimism inches up for Q3 - Washington Business Journal:

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The Labor Market Outlook survey by the Societ for Human Resource Management reporterd that 37 percent of respondentsd have some level of concern forthe U.S. job marker in the third quarter: 33 percent are somewhay pessimistic about job growth and anticipatre job losses and 4 percent are very pessimistiv and anticipate job cuts during the This marks a reversal fromthe LMO’d second quarter survey, when a combinef 70 percent of respondents expressed some level of pessimismk and predicted deeper cuts in the U.S.
job A total of 69 percent of respondentsx said they will either eliminate jobs or keep thei r payrolls flat in thethird quarter: 56 percenrt will maintain current staffingg levels and 13 percent will cut Among employer categories, 28 percent of large companieds (those with 500 or more employees) will conducr layoffs in the third During the second quarter, 81 perceng of respondents said they either cut jobs or kept payrolls 43 percent maintained their staffing levels while 38 percengt conducted layoffs.
Alexandria-based Society for Human Resource Managemeny isthe world’s largest association devoted to humah resource management and represents more than 250,000 membersd in over 140 countries.

Thursday, June 7, 2012

Building support for arts - Charlotte Business Journal:

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Last week, leaders from the donned hard hats and ledprospectives donors, cultural boosters and others on a tour of the Their hope is to convert architectural reality into checksz and cash commitments to support the blossoming arts compled on South Tryon Street. The project is part of a $1 billion developmenrt begun by and inheritedby “People get inspiree seeing what’s there,” says Lee Keesler, ASC presideny and chief executive. “It makes it real.
” Eyeinfg the 48-story corporate adjacent office tower that spurred the arts Wachovia real estate director Bob Bertges makes aconcrete pitch: He’lo take everyone to the top of the unfinished tower, and those who decide to make a donation will receiv e an elevator ride back down. Transportationm for those who don’t donate remainas ominously unspecified. He’s kidding. I think. At this point, ploy might be worth a shot. Amid the excitemengt of the $158.5 million in city-fundedr new and renovated arts venues, pressure is mounting on the ASC and its affiliate s to persuade donors to step up in the midst of anumbin recession. Next week, results of the ASC’w $11.
2 million annual capital campaign will be Two weeks before thecampaign ended, donations stoo at $5 million — 33% below the fund-raisinvg total at the same poiny in 2008. The news is even more troublingg forthe $83 million campaign to build an endowmen t to help arts groups pay the operatinhg expenses in those shiny new buildings. For months, ASC’s totap has been stuck at $61 Arts leaders hint the June 30 deadline for reachinf the endowment target maybe extended. Which brings us back to the construction site.
Wachovia’s campus includes a 1,200-sear theater, a consolidated Mint Museum, a museum housing Andreas Bechtler’xs modern art collection and a new home for theHarvey B. Gant Center for African AmericanArts & The latter opens in the with the rest opening next Also part of the city funding: a $31.6 millioj makeover of Discovery Place, located several blockse north on Tryon Street. It still takew a bit of imagination to envision the contemplativde quiet of a museum when walkinfg through the currentconstruction zone.
Scaffolding, tool and workers drill and hammer awayat stages, seating and walls as tours make their way But even a cursory glancre reveals the potential for an arts showcase in the monthes and years ahead. Walkinv through the terra cotta-wrapped Bechtler it’s easy to forget the financial struggles and wonder what the museum willlook like. Like most of the new arts it emphasizes glass and providing visitors with viewsof uptown. It also alloww passersby to see inside, an intentional ploy to make you want to visitr as apaying customer. Bechtler’s $20 million modern art collectiojn should helpas well.
From the gee-whis jumbo screen flanking the 1,200-seat theater — capables of transforming a school group’s drawings into larger-than-life billboardes in five-minute intervals — to the ambitious shoehorn desigmn of theGantt Center, differentr sizes, shapes and architecturak styles sit side by side in what ranksd as Charlotte’s most ambitious arts statement. Despite the money crunch, enthusiasm runs high, if for no other reasomn than this: All the buildings are on schedule and, yes, on “The architects all went shopping atNeiman Marcus,” Bertges says of the initial plans.
And even when realituy intruded in the form of city the architects turned money woes intocreative “That sounds simple, but it wasn’t,” he adds. Kind of like tryintg to find another $22 million in endowment donationes during the worst recession inseverap generations. The architect of that solution coulc give Frank Lloyd Wright a runfor his, you know.

Tuesday, June 5, 2012

Durham executive gets 32 months on tax evasion charges - Triangle Business Journal:

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The U.S. Attorney’s office in Raleighu said Tuesday thatRonald Cruickshank, 60, was given his sentencw Nov. 25 in federal Cruickshank also faces three years ofsuperviserd release. The case is connected to a tax evasiob scheme run in the Triangle earlierthis decade. That which operated under the names American Legal Research Institutee and AmericanDebt Eliminator, sold illegal tax Laszlo Horvath and Robert Pelletier, the men who operates the business, also have been convictefd on federal tax charges. According to the U.S.
Attorney’ws office, Cruickshank – a formert advertising executiveat Howard, Merrell Partners in Raleigh and the former CEO of sock manufacturef – used techniques he learned from Horvathn and Pelletier to set up illegal tax He avoided paying taxese for the 2001, 2003 and 2004 federal tax years by setting up falss bank accounts, the U.S. Attorney's office says. During the course of his the U.S. Attorney’s office says, Cruickshank kept usinh tax evasion servicesin Florida, Arkansas, Arizona and California. That drovee up his sentencing range.
“Our office continues in its commitmenrt to enforce tax laws so that people are not allowedr to flouttheir obligation, thereby putting more burden on law-abiding U.S. Attorney George Holding said in awritten statement.

Monday, June 4, 2012

General Motors files for Chapter 11 bankruptcy, Baltimore plant to stay open - Denver Business Journal:

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Monday’s filing by the 101-year-old automaket — once the world’s biggest company — is among the largesgt in U.S. history and largest-ever U.S. manufacturingf bankruptcy. Chapter 11, which allows the compang to operate while protected from its pushes GM intoa fast-track bankruptcu and provides $30 billiomn of additional taxpayer funds to restructur itself. The company in its filinf listed $172.81 billion in debt and $82.29 billion in The GM plan as detailedby U.S.
officials wouled allow a much smaller GM to emerge from court protectiojn within 60 to 90 Al Koch, a managing directofr at the advisory company AlixPartnersLLP in New York, is named in the filingsx as the company’s chief restructuring reporting to GM CEO Fritz Henderson. GM (NYSE: GM) also planas to close 11 U.S. facilities and idle anotherd three plants by the endof 2010. The company's Baltimore transmissio plant employs more than 200 people was not liste d amongthe closures. GM's Wilmington, Del., assembly however, will close in July. That plant employs 1,060 The automaker has not provided an updatedc target for job cuts but was looking toeliminates 21,000 U.S.
factory jobs from the 54,000 union membersa it now employs. General Motors employse 92,000 in the United States and is indirectly responsiblefor 500,00p retirees. The U.S. government would hold a 60 perceng financial interest in a reorganized GM and the UAW wouldc takea 17.5 percent stake. said Monday on GM'zs bankruptcy. The governments of Canada and the provincd of Ontario have agreed to a 12 percentg ownership stake in exchange forfinancial aid. GM bondholdersa would get 10 percent. Holders of GM stock, which hit its lowestr price on record Friday at 74 are expected to own none of the Trading was haltedon Monday' s news.
Listed among GM'x top creditors are (NYSE: T) and (NYSE: CSX). The list of facilities that GM said will be closed and theird dates include two the Wilmington assembly planty and onein Pontiac, Mich. (Octobefr 2009); three stamping plants — including the previously announcef closing in June ofGranfd Rapids, Mich., Indianapolis, Ind. (December 2011), and Ohio (June 2010). Also, six Powertrainj plants including Massena, N.Y., which closed on May 1 - Mich. (June 2010), Flint and Willow Run, (both December 2010), Ohio (December 2010), and Va., (December 2010). Three locationsx will be idled — assemblh plants at Orion, Mich. (September 2009) and Spring Tenn.
(November 2009), and a stamping plant at Mich., (December 2010). In addition, service and partse operations and warehousing and parts distribution centersin Boston, Jacksonville, Fla.., and Columbus, Ohio, will closs by Dec. 31, 2009. For a PDF of the bankruptcyu filingpetition .

Saturday, June 2, 2012

India gasoline price increase trimmed after furore - Reuters

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IBNLive.com


India gasoline price increase trimmed after furore

Reuters


Retail gasoline prices cut by 2.02 rupees/litre from Sunday * Partial rollback was expected after a public outcry * Rollback also due to softening global oil prices (Updates with official statement) By Nidhi Verma NEW DELHI, June 2 (Reuters) - India's ...


India Fuel R etailers To Cut Gasoline Prices

W »

Friday, June 1, 2012

Zifa Grounds Committee Sticks to Decision - AllAfrica.com

loxezop.wordpress.com


Zifa Grounds Committee Sticks to Decision

AllAfrica.com


DESPITE growing concern by the Warriors over the poor state of the pitch at National Sports Stadium the Zifa Grounds Committee have stuck to their decision to stage Zimbabwe's opening 2014 World Cup qualifier against Guinea at the giant facility on ...



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